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EMPOWERING
GROWTH
THROUGH
INTEGRATION
ANNUAL REPORT
PT Adira Dinamika Multi Finance Tbk 2025
Page 2
Page 3
EMPOWERING
GROWTH
THROUGH
INTEGRATION
In 2025, Adira Finance embarked on a strategic initiative to strengthen
the fundamentals of sustainable growth. As industry dynamics
evolved and consumer behavior shifted, the Company prioritized
cross-business line synergies, distribution channel integration, and
deeper collaboration within the MUFG Group ecosystem. The proposed
merger between Adira Finance and Mandala Finance represents a
pivotal initiative to strengthen the Company’s business platform, with
expected benefits including improved portfolio quality, expanded
service reach, and enhanced competitiveness across multiple market
segments.
Through the integration of processes, technology, and human capital,
Adira Finance is strengthening a more resilient and agile organization
with greater responsiveness to evolving market demands. The
alignment of business strategy with risk management, reinforced
governance, and optimized data utilization are central to delivering
sustainable value for customers, business partners, and shareholders.
Guided by the spirit of Empowering Growth through Integration,
the Company continues to enhance performance and expand its
contribution to Indonesia’s economic development.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 1
Page 4
TABLE OF
CONTENTS
Empowering Growth
Through Integration
Merger Adira Finance dan
Mandala Finance:
Merajut Sinergi, Meneguhkan
4
1
60
CORPORATE PROFILE
138
MANAGEMENT
DISCUSSION
Langkah, Untuk Mengakselerasi
Pertumbuhan Berkelanjutan Corporate Identity
Adira Finance at A Glance
63
65
AND ANALYSIS
Continuity Theme Last 5 years 6
2025 Strategy 8 Milestones 68
Macroeconomic and Industry Outlook 141
Digital Initiative 9 Line of Business 70
Operational Review per Business 144
2025 Key Performance 10 List of Membership in Association 71 Segment
2025 Performance 12 Organizational Structure Adira Finance 72 Motorcycle Financing 146
Financial Highlights 12 Vision and Mission 74 Car Financing 150
Key Financial Highlights 13 Culture, Corporate Values, and 75 Non-Automotive Financing 154
Employee Characteristics
Stock Highlights 17 Operation Review per Region 157
Business Strategy in 2025 77
Summary Of Bonds And Mudharabah 19 Marketing 158
Bonds Adira Finance in Number 77
Operations 163
Sustainability Aspects Performance 23 Brand and Logo 78
Highlights Human Resources 168
Brand Personality 78
Event Highlights 2025 24 Information Technology 180
Board of Commissioners Profile 79
Awards 27 Financial Review Analysis 184
32
Audit Committee Profile 84
Other Material Information 200
Risk Monitoring Committee Profile 87
Solvency 200
Nomination and Remuneration 90
Committee Profile Receivables Collectability 202
Corporate Governance Committee 94 Capital Structure 203
Profile Material Commitments to Capital 204
Board of Directors Profile 96 Expenditure
Sharia Supervisory Board Profile 104 Realization of Capital Goods 204
Investment for The Last Fiscal Year
MANAGEMENT REPORT Senior Officers Profile 107
Material Facts and Information 205
Changes In The Composition 108 Subsequent to Accountant’s Report
of Members of The Board of Date
Report of the Board of Commissioners 34 Commissioners And Board of Directors
Commitment and Contingency 205
Report of the Board of Directors 44 Total Number and Data on Employee 122
Competency Development Comparison of 2024 Target and 205
Realization
Shareholders Composition 124
2026 Outlook 206
Chronology of Stock Listing 126
Dividend Policy 206
Chronology of Other Securities Listing 130
Employee and/or Management Share 207
Shareholder of Affiliates, Subsidiaries, 132 Ownership Program
Associates and Joint Ventures
Realization of Proceeds from Public 207
Group Structure 134 Offering
Public Accounting Services and Public 135 Material Transactions for Investments, 208
Accounting Firm Expansion, Divestments, Business
Name and Address of Supporting 135 Mergers or Acquisitions, and Debt/
Institutions and/or Professionals Capital Restructurings
Corporate Website Information 136 Transactions with Conflicts of Interest 208
and Transactions with Affiliated or
Management Education and Training 137 Related Parties
Changes to Laws and Regulations 210
with a Significant Impact on The
Company
Changes in Accounting Principles 214
Compliance with Tax Payments 214
Economic Performance 215
Business Prospect 218
2 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 5
222 490
Policy on the Rights of Creditors 361
Customer/Consumer Protection Policy 361
Corporate Ethics 366
Conflict of Interest Management and 368
Relationships with Related Parties
Prevention of Insider Transactions 369
Gratuity Control 369
CORPORATE Anti-Corruption Policy 369
FINANCIAL
GOVERNANCE Fraud Control 372 STATEMENTS
Company Legal Issues 376
Corporate Governance Report 225 Administrative Sanctions from 380 Annual Financial Statements 492
Regulators
Corporate Governance Structure of 227
Adira Finance Access to Company Information and 381
LIST OF DISCLOSURE BASED ON 663
Data
Corporate Governance Policy 227 POJK NO.51/POJK.03/2017 &
Corporate Governance Assessment 381 GRI CONTENT INDEX WITH REFERENCE
General Meeting of Shareholders 228
Report of Sharia Governance 389 FEEDBACK FORM 667
Sustainability Management 251
Board of Commissioners 252
396
Independent Commissioner 260
Meeting of The Board of Commissioners 261
Joint Meetings of the Board of 263
Commissioners and Board of Directors
Board of Directors 265
Meeting of the Board of Directors 277
Management Contract 280
Executive Committee 281
Relationship between the Board of 285
ENVIRONMENTAL AND
Commissioners and the Board of
Directors
SOCIAL
Diversity in the Composition of the 285 RESPONSIBILITY
Board of Commissioners and Board of
Directors
Sustainability Strategy 399
Performance Assessment of the 287
Board of Commissioners and Board of About This Report 407
Directors
Social Responsibility in the Field of 411
Remuneration for the Board of 290 Community Development
Commissioners, Board of Directors
and Committees Under the Board of Social Responsibility in the Fields of 420
Commissioners Labour Practices and Occupational
Health and Safety
Audit Committee Report 296
Environmental Social Responsibility 428
Risk Monitoring Committee Report 303
Social Responsibility to Consumers 436
Nomination and Remuneration 308
Committee IT: Business Development Strategy 444
Corporate Governance Committee 313 Testimonials for Adira Finance 446
Corporate Secretary 317
450
Internal Audit 320
Compliance Function 325
Internal Control System 329
Public Accountant 332
Risk Management 335
Procurement of Goods and Services 358
Dividend Policy 359
Provision of Funds for Related Parties 359 SUPPORTING DATA
Provision of Funds for Social and 360
Political Activities Operational Area 452
Contribution to the Country 360 The Company’s Business Networks 454
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 3
Page 6
MERGER OF ADIRA FINANCE AND
MANDALA FINANCE:
WEAVING SYNERGY,
STRENGTHENING OUR STEPS,
TO ACCELERATE SUSTAINABLE
GROWTH
The merger of Adira Finance and Mandala Finance, effective on
1 October 2025, marks a strategic milestone in the Company’s
position in Indonesia’s financing industry. This integration
IDR
63.4
brings together the strengths of both companies’ extensive
networks, longstanding experience, and broad customer bases
that have served communities across Indonesia for decades.
Supported by MUFG and Bank Danamon as the controlling
shareholders of Adira Finance, the synergy created through
this merger is expected to expand service reach and further trillion
Total managed receivables
strengthen the Company’s capabilities in delivering financing reflect the Company’s
solutions that meet the evolving needs of the community. stronger portfolio scale
following the merger of
Adira Finance and Mandala
This momentum strengthen Adira Finance foundation to Finance.
accelerate growth and create added value for customers,
business partners, employees, and all stakeholders, while
contributing positively to the development of Indonesia’s
financing industry and the national economy.
Page 7
POST-MERGER CHALLENGES TARGETS AND FUTURE DIRECTION
In its post-merger strategic direction, Adira Finance This corporate action not only expand the network
will leverage Mandala Finance’s strengths to expand and customer base, but also strengthen portfolio
market penetration in high-potential regions. The diversification and operational scale efficiency. This
Company will harness Mandala Finance’s strong strategic initiative is expected to further solidify
regional presence, particularly in Eastern Indonesia, Adira Finance’s position as a leading multifinance
while continuing to reinforce Adira Finance’s core company in Indonesia, underpinned by broader
strengths in consumer financing across automotive service coverage, stronger financial solidity, and
and non-automotive financing segments. superior digital capabilities.
Nevertheless, Adira Finance also faces several Leveraging this momentum, the Company targets
strategic challenges that require special attention. an increase in its national financing market share,
These challenges include the need to ensure particularly within the non-automotive segment
operational effectiveness, strengthen corporate and in regions that previously constituted Mandala
governance, and align business strategies and Finance’s core markets. In line with this, Adira Finance
processes. Therefore, Adira Finance will continue will continue to accelerate its digital transformation
to undertake consolidation efforts to ensure to enhance business process efficiency, expand
continuity of services to customers, foster employee access to technology-based services, and strengthen
engagement, and maintain effective communication the quality of customer experience.
with all stakeholders. Adira Finance will focus on
strengthening operational excellence and aligning With the support of the MUFG Group entities and
business strategies to ensure that the integration strong internal synergy, Adira Finance is optimistic
process runs effectively and delivers sustainable that it will be able to strengthen its competitiveness
added value. within the industry, expand access to financing for
a broader segment of society, drive product and
service innovation, and achieve sustainable business
growth in the long term.
877
Total number of business
network following the merger
with Mandala Finance,
serving 2.6 million active
customers across Indonesia.
MANDALA
Page 8
2021
YEARS 2022 2023 2024
DRIVING CUSTOMER
CENTRIC AND
DIGITALIZATION
FOR BUSINESS
2023
Pokok-Pokok
Laporan Tahunan
Kinerja
TRANSFORMATION 2021 BUILDING RESILIENCE BALANCING GROWTH:
PT Adira Dinamika Multi Finance Tbk
for Accelerating Growth Jumlah Pembiayaan Baru
(Rp Triliun) Strategic Adaptations in a
Pembiayaan Baru Berdasarkan Segmen
(Rp Triliun)
Dynamic Market
Sepeda Motor Mobil Non otomotif
Leveraging Synergies
for Growth
Leveraging Synergies 41,6 41,6
for Growth 37,9
31,7
37,9
7,4 31,7
8,0
6,2
25,9 25,9
12,8 17,9
4,3
18,6 18,6 14,2
3,2 10,5
6,9
17,7 15,7
11,1 11,4
8,5
2019 2020 2021 2022 2023 2019 2020 2021 2022 2023
Piutang Pembiayaan Dikelola Piutang Pembiayaan Dikelola
Berdasarkan Sumber Pendanaan Berdasarkan Segmen
(Rp Triliun) (Rp Triliun)
Pembiayaan Sendiri Pembiayaan Bersama Sepeda Motor Mobil Non otomotif
54,8 55,7 54,8 55,7
1,6
8,2
44,0 44,6 44,0 44,6
40,4 2,7 40,4 5,9
23,3 28,1
3,9
26,4 28,8
19,2 20,9 23,5 23,9
18,8 21,7
31,5 25,1
24,8 29,3 17,8 18,7
21,6 23,7 14,8 14,8
2019 2020 2021 2022 2023 2019 2020 2021 2022 2023
Leveraging Synergies
Total Aset Ekuitas Neto
(Rp Triliun) (Rp Triliun)
PT Adira Dinamika Multi Finance Tbk for Growth
35,1 11,1
Gedung Millenium Centennial Center, Lantai 53, 56-61
31,0 10,0
2023
Jl. Jend. Sudirman Kav. 25, 29,2
Laporan Tahunan
8,9
Jakarta Selatan 12920 Indonesia 24,9 8,1 8,0
23,7
Phone : (62-21) 3973-3322/3232,
Facsimile : (62-21) 3973-4949
E-mail : af.corsec@adira.co.id
Website : www.adira.co.id Annual Report
2022
LAPORAN TAHUNAN
PT Adira Dinamika Multi Finance Tbk
PT A d i r a D i n a m i ka M u l t i Fi n a n c e T b k 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023
2024
Driving Customer- Building Resilience Leveraging Balancing
centric and for Accelerating Synergies Synergies Growth: Strategic
Digitalization for Growth for Growth Adaptations in a
Business Transformation Dynamic Market
The performance of the In line with the national In 2023, Adira Finance Adira Finance’s balanced
financing industry is starting economic recovery, the managed to record strong asset growth strategy in 2024 amidst
to recover after previously automotive and financing growth and profitability against a dynamic market focuses on
being faced with extraordinary industries recorded good the backdrop of a continuously strengthening
challenges as a result of the performance in 2022. Taking improving automotive and its core automotive business
COVID-19 pandemic. Adira advantage of this growth, Adira financing industry landscape. while diversifying into non-
Finance is taking advantage Finance continues to build the Utilizing synergies internally automotive financing. This dual
of this recovery as a platform Company’s internal resilience and with Bank Danamon as approach mitigates market
to continue growing and foundation to accelerate the parent company and other risks and unlocks new growth
developing faster. For its business growth while MUFG group entities, the avenues. Developing innovative
this reason, Adira Finance maintaining its position in the Company is able to expand products like multipurpose
is carrying out business financing market. product offerings and customer loans and heavy equipment
transformation that focuses reach to drive growth. financing reflects a proactive
on customer-centricity By focusing on customer response to evolving consumer
and continues to develop centricity, Adira Finance This synergy also allows the needs, driving sustainable
digitalization. continues to strive to Company to expand and growth and customer
strengthen and increase strengthen its ecosystem, retention.
Through this transformation, its market share through which ultimately increases
Adira Finance is optimistic that innovation and diversification customer engagement. Operationally, Adira leverages
it can improve performance, of its financing products and Together with ongoing human synergies with Bank Danamon
expand market share, and services. In addition, Adira resource transformation and the MUFG ecosystem to
strengthen competitive Finance is also accelerating and digitalization, as well as enhance competitiveness
advantages. digitalization throughout the prudent risk management to and stakeholder value. A
Company’s organization and ensure business health and commitment to prudent
At the same time, Adira ecosystem to provide simpler, continuity, the Company’s risk management, business
Finance continues to strive faster, and leaner processes so increased synergy has continuity, and high asset
to provide the best service to as to provide a better customer strengthened its market share quality reinforces stability.
improve customer experience, experience. and positioned Adira Finance The Company’s strategic
strengthen customer for future growth. pillars, spanning automotive
engagement, and increase penetration and non-
efficiency and effectiveness automotive expansion to
in the Company’s business digitalization and liquidity,
operations. underscore this commitment
to balanced growth through
With business transformation strategic adaptation.
that focuses on customer-
centricity and digitalization,
Adira Finance continues to
present new services to meet
consumer needs now and in
6 the future.
Page 9
2025
EMPOWERING
In 2025, Adira Finance embarked on a strategic initiative
to strengthen the fundamentals of sustainable growth.
As industry dynamics evolved and consumer behavior
GROWTH
shifted, the Company prioritized cross-business line
synergies, distribution channel integration, and deeper
collaboration within the MUFG Group ecosystem. The
THROUGH
proposed merger between Adira Finance and Mandala
Finance represents a pivotal initiative to strengthen the
Company’s business platform, with expected benefits
INTEGRATION including improved portfolio quality, expanded service
reach, and enhanced competitiveness across multiple
market segments.
Through the integration of processes, technology,
and human capital, Adira Finance is strengthening
a more resilient and agile organization with greater
responsiveness to evolving market demands. The
alignment of business strategy with risk management,
reinforced governance, and optimized data utilization
are central to delivering sustainable value for customers,
business partners, and shareholders. Guided by the
spirit of Empowering Growth through Integration, the
Company continues to enhance performance and expand
its contribution to Indonesia’s economic development.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 7
Page 10
Adira Finance will Adira Finance expands Adira Finance focus
continue to optimize networks to non to increase customer
its penetration in the automotive businesses retention by offering
automotive business by continuing to diversify loyalty and referral
through product the products offered to programs, as well as
diversification, offering support business growth conducting cross-selling
various attractive such as multipurpose based on needs to
sales programs for financing, heavy existing consumers.
customers, strengthening equipment, and others. Thus, providing a better
good relations with customer experience to
dealers, and enhancing support the growth of the
collaboration within the Company’s financing.
MUFG Group to support
the growth of the
automotive ecosystem.
STRATEGY
2025
Adira Finance accelerate Adira Finance will Adira Finance secure
digitalization within continue to manage sufficient liquidity to fund
the Company and its its asset quality in business requirement
ecosystem to improve order to keep the NPF and to meet all financial
business efficiency and ratio under control by obligations.
effectiveness, as well applying prudent risk
as investing in digital management principles.
businesses by platform
Adiraku, Danadira,
momobil.id, momotor.id,
and dicicilaja.com.
8 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 11
In the midst of rapid digital transformation
and the shift in people’s consumption
behavior towards digital transactions,
Adira Finance faces various business
challenges that require innovation and
rapid adaptation.
Facing these challenges, Adira
Finance continues to carry out digital
development initiatives in the company’s
ecosystem with the aim of strengthening
competitiveness in the financing industry.
Adira Finance also focuses on accelerating
the digitization and automation process,
and investing in digital platforms such as
Adiraku, Danadira, momobil. id, momotor.
id, and dicicilaja.com, which can make it
easier for customers to finance with Adira
Finance.
DIGITALINITIATIVES
By leveraging digital innovation, Adira
Finance is confident in improving business
performance and productivity, both
from customer acquisition to payment
processes. Moving forward, the company
aims to further enhance its relationships
with both existing and new customers.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 9
Page 12
2025 KEY
PERFORMANCE
New car industry sales growth New motorcycle industry sales ADMF New Financing
(wholesales) growth (wholesales)
(7.0%) 1.3% IDR 43.2 trillion
ADMF New Financing Growth ADMF Car Financing Growth ADMF Motorcycle Financing ADMF Non Automotive
Growth Financing Growth
17.8% (yoy) (2.2%) (yoy) (25.7%) (yoy) (32.6%) (yoy)
Managed Receivables Total Asset Total Liabilities Total Equity
IDR63.4 trillion IDR38.5 trillion IDR23.5 trillion IDR15.0 trillion
NPF (including joint Net Interest Margin Return on Asset (ROA) Return on Equity (ROE)
financing)
2.0% 25.1% 5.2% 10.4%
Income Net Profit for the Year
IDR IDR
12.1 trillion 1.5 trillion
10 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 13
Managed Financing Receivables by Funding Source
Total
2025
63.4 Trillion
IDR 37.1
Self-Financing
Trillion IDR 26.3
Joint Financing
Trillion
Total
2024*
56.0 Trillion
IDR 29.5
Self-Financing
Trillion IDR 26.5
Joint Financing
Trillion
Total
2023
55.7 Trillion
IDR 29.3
Self-Financing
Trillion IDR 26.4
Joint Financing
Trillion
Total
2022
44.6 Trillion
IDR 23.7
Self-Financing
Trillion IDR20.9
Joint Financing
Trillion
Total
2021
40.4 Trillion
IDR 21.6
Self-Financing
Trillion IDR 18.8
Joint Financing
Trillion
Number of Active Total Employee Total Networks New Motorcycle New Car Market Share
Contracts Nationwide Market Share
2.6 million 20.8 thousand 877 10.0 % 4.1 %
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 11
Page 14
2025 PERFORMANCE HIGHLIGHTS
Total New Financing New Financing by Segment Managed Receivables by
(IDR Trillion) (IDR Trillion) Source of Funding
(IDR Trillion)
Motorcycle Car Non-Automotive Self-Financing Joint Financing
43.2 43.2 63.4
41.6 41.6
55.7 56.0
36.6 36.6
8.9 13.0
31.7 31.7 44.6 26.5 26.3
9.8
25.9 25.9 40.4 26.4
6.9
17.2 12.5
5.0 18.8 20.9
12.7
13.6
10.0 29.5 37.1
21.6 23.7 29.3
10.9 11.2 15.5 14.1 17.7
2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025
Managed Receivables by Total Asset Equity - Net
Segment (IDR Trillion) (IDR Trillion)
(IDR Trillion)
Motorcycle Car Non-Automotive
63.4 38.4 38.5 14.5 15.0
55.7 56.0 13.8
10.0 31.0
8.2 11.1
44.6
40.4 23.7 24.9 10.0
5.9 8.9
3.9
28.8 27.0 26.1
21.7 23.9
14.8 14.8 18.7 19.0 23.5
2021 2022 2023 2024 2025 2021 2022 2023 2024*) 2025 2021 2022 2023 2024*) 2025
*) Comparative information has been restated as a result of the merger, in accordance with the Audited Financial Statements.
12 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 15
Performance
Highlights
KEY FINANCIAL HIGHLIGHTS Opening
Management
Report
Corporate
Profile
STATEMENT OF FINANCIAL POSITION [SEOJK F.2]
Management
Discussion
and Analysis
Description
2021 2022 2023 2024*) 2025
(In Billion Rupiah)
Corporate
Governance
Asset
Cash and cash equivalents 1,637.6 1,286.4 1,435.5 1,959.2 820.9
Environmental
Consumer financing receivables – net of 16,906.9 17,204.7 20,680.6 23,921.6 25,753.6 and Social
Responsibility
allowance for impairment losses
Murabahah financing receivables – net of 3,051.3 4,033.4 5,520.1 6,518.7 5,535.4
allowance for impairment losses Supporting
Data
Musyarakah mutanaqisah financing receivables - - - 1,151.4 743.5
– net of allowance for impairment losses
Finance lease receivables – net of allowance for 280.6 918.0 1,444.3 2,235.4 3,111.8
impairment losses
Investment in shares, related party 0.7 0.7 386.4 396.9 420.7
Fixed assets – net of accumulated depreciation 209.4 161.8 229.7 463.9 461.2
Intangible assets – net of accumulated 169.3 128.7 120.7 345.3 334.4
amortization
Others 1,453.3 1,163.5 1,189.9 1,380.5 1,347.7
Total asset 23,709.1 24,897.2 31,007.2 38,372.9 38,529.2
Liabilities
Borrowings 4,954.7 5,073.1 9,313.0 12,638.2 9,885.0
Bonds Payable – net 5,573.3 4,999.2 5,885.1 6,377.8 8,596.0
Mudharabah Bonds 402.0 441.0 859.0 1,228.3 1,643.9
Others 3,832.7 4,351.5 3,837.9 3,579.6 3,373.9
Total Liabilities 14,762.7 14,864.8 19,895.0 23,823.9 23,498.8
Equity
Share capital (Issued and fully paid) and 106.8 106.8 106.8 106.8 2,971.5
additional paid-in capital
Treasury shares - - - - (88.7)
Equity of the merging entity - - - 2,993.2 -
Retained earnings and accumulated other 8,839.6 9,925.6 11,005.4 11,449.0 12,147.6
comprehensive income
Equity – net 8,946.4 10,032.4 11,112.2 14,549.0 15,030.4
Total Liabilities and Equity 23,709.1 24,897.2 31,007.2 38,372.9 38,529.2
Notes:
*)Comparative information has been restated as a result of the business combination in accordance with the Audited Financial Statements.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 13
Page 16
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
Description
2021 2022 2023 2024*) 2025
(In IDR billion)
Income
Consumer financing 5,795.0 5,373.7 6,041.7 7,155.5 7,557.0
Murabahah margin 862.1 1,195.2 1,482.9 1,938.9 1,710.2
Musyarakah mutanaqisah profit distribution - - - 350.1 394.3
Finance leases 31.6 68.2 147.9 266.5 421.5
Others 1,964.4 1,703.3 1,835.4 2,076.9 2,046.0
Total income 8,653.1 8,340.4 9,507.9 11,787.9 12,129.0
Expenses
Salaries and benefits (2,098.2) (2,304.4) (2,419.7) (2,908.0) (3,338.4)
Interest expense and financing charges (1,073.5) (700.2) (982.2) (1,422.4) (1,371.7)
Provision for impairment losses (1,790.6) (1,255.7) (1,647.7) (2,615.8) (2,648.3)
General and administrative (1,643.5) (1,320.9) (1,338.9) (1,773.9) (1,976.9)
Revenue sharing for mudharabah bonds (30.4) (29.1) (30.0) (92.8) (79.1)
Marketing and others (415.0) (690.4) (616.8) (688.6) (725.8)
Total expenses (7,051.2) (6,300.7) (7,035.3) (9,501.5) (10,140.2)
Income before income tax expense 1,601.9 2,039.7 2,472.6 2,286.4 1,988.8
Income tax expense (388.6) (434.2) (528.6) (475.6) (443.9)
Net income for the year 1,213.3 1,605.5 1,944.0 1,810.8 1,544.9
Other comprehensive income/(loss) – net of tax 235.6 87.5 (61.2) (8.8) 12.7
Total comprehensive income for the year 1,448.9 1,693.0 1,882.8 1,802.0 1,557.6
Earnings per share – basic (expressed in full 1,213 1,606 1,944 1,538 1,253
Rupiah)
Net income attributable to:
Owners of the parent entity 1,213.3 1,605.5 1,944.0 1,810.8 1,544.9
Non-controlling interests - - - - -
Total 1,213.3 1,605.5 1,944.0 1,810.8 1,544.9
Total comprehensive income attributable to:
Owners of the parent entity 1,448.9 1,693.0 1,882.8 1,802.0 1,557.6
Non-controlling interests - - - - -
Total 1,448.9 1,693.0 1,882.8 1,802.0 1,557.6
Remarks:
*) Comparative information has been restated as a result of the merger, in accordance with the Audited Financial Statements.
14 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 17
Performance
Highlights
SUMMARY OF REVENUE DETAILS [SEOJK F.3]
Description Opening
2021 2022 2023 2024*) 2025
(In IDR billion)
Details of Revenue Management
Report
Consumer financing 5,795.0 5,373.7 6,041.7 7,155.5 7,557.0
Murabahah margin 862.1 1,195.2 1,482.9 1,938.9 1,710.2
Corporate
Profile
Musyarakah mutanaqisah profit distribution - - - 350.1 394.3
Finance leases 31.6 68.2 147.9 266.5 421.5
Management
Others 1,964.4 1,703.3 1,835.4 2,076.9 2,046.0 Discussion
and Analysis
Total income 8,653.1 8,340.4 9,507.9 11,787.9 12,129.0
Corporate
Remarks: Governance
*) Comparative information has been restated as a result of the merger, in accordance with the Audited Financial Statements.
Environmental
and Social
Responsibility
KEY FINANCIAL RATIOS AND OTHER RELEVANT INFORMATION
Description 2021 2022 2023 2024*) 2025
Supporting
Data
Financial Ratios
Return on Assets (ROA)**) 6.3% 8.6% 8.6% 6.6% 5.2%
Return on Equity (ROE) **)
14.7% 17.4% 18.7% 14.1% 10.4%
Net profit (loss) to revenue ratio 14.0% 19.3% 20.4% 15.4% 12.7%
Non-Performing Financing (NPF) (including 2.3% 1.7% 1.9% 2.2% 2.0%
joint financing)
Borrowings, bonds payable – net & 0.5 0.4 0.5 0.5 0.5
mudharabah bonds to total assets (x)
Loan to equity ratio (gearing ratio) (x)**) 1.2 1.0 1.5 1.4 1.4
Net financing receivables to total assets ratio 85.4% 89.0% 89.2% 88.2% 91.2%
Current ratio (x) 1.4 1.3 1.3 1.3 1.3
Liabilities to equity ratio (x) 1.7 1.5 1.8 1.6 1.6
Liabilities to assets ratio (x) 0.6 0.6 0.6 0.6 0.6
Other Information
Net working capital (IDR billion) 8,946.4 10,032.4 11,112.2 14,549.0 15,030.4
Number of outstanding shares (million shares) 1,000.0 1,000.0 1,000.0 1,000.0 1,235.8
Cash dividend per share (full Rupiah amount 513.0 607.0 803.0 972.0 703.0
on prior year’s profit
Number of active customers (thousand) 1,892.0 1,743.0 1,986.1 2,000.1 2,574.4
Number of business networks (including Sharia 440 459 466 508 877
branches)
Number of employees***) 17,093 17,301 17,243 17,098 20,816
Notes:
*) Comparative information has been restated as a result of the merger, in accordance with the Audited Financial Statements.
**) Ratios are calculated in accordance with the regulations of the Financial Services Authority (OJK).
***) Including members of the Board of Directors.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 15
Page 18
2025
KEY
PERFORMANCE
20.8
Total
thousand
Employee
2.6 million
877
Business Network
(including sharia
2025
Active Contracts branches)
Nationwide
10.0% 4.1%
New Car
New Motorcycle
Market Share Market Share
16 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 19
Performance
Highlights
STOCK HIGHLIGHTS Opening
Management
Report
ADIRA FINANCE STOCK HIGHLIGHTS
PT Adira Dinamika Multi Finance Tbk has listed its shares on the Indonesia Stock Exchange (IDX) (formerly Corporate
Profile
known as the Jakarta Stock Exchange and the Surabaya Stock Exchange) under the ticker symbol ADMF. In
2025, the total number of issued shares was recorded at 1,235,803,109 and 1,000,000,000 shares, with the share
price ranging from a low of IDR8,275 per share to a high of IDR10,400 per share. Management
Discussion
and Analysis
The average monthly trading volume during 2025 was recorded at 1.8 million shares per month. This trading
volume was relatively small compared to that of other listed companies. This was due to the fact that only
Corporate
Governance
67.1 million ADMF shares were publicly available, while the remaining shares were largely held by investors or
shareholders with a longer-term investment orientation.
Environmental
and Social
Responsibility
The monthly trading transactions of ADMF shares during 2025 were as follows:
Supporting
Data
Outstanding Share in Regular
Price/Share (IDR)
Market Total Listed Market
Transaction Share Capitalization
Month
Opening Highest Lowest Closing Volume Value Frequency (Number of Opening
(IDR) (IDR) (IDR) (IDR) (Thousand (IDR Million) (x) Shares) (IDR Billion)
Unit Share)
January 9,850 10,000 9,475 9,800 1,409 13,663 2,452 1,000,000,000 9,800
February 9,800 9,900 8,725 8,775 1,673 15,630 2,916 1,000,000,000 8,775
March 8,775 9,225 8,600 9,200 1,167 10,400 2,074 1,000,000,000 9,200
April 9,200 10,400 8,400 8,850 4,351 38,926 6,294 1,000,000,000 8,850
May 8,850 9,200 8,725 9,025 2,564 22,951 3,277 1,000,000,000 9,025
June 9,025 9,125 8,650 8,825 1,222 10,866 1,745 1,000,000,000 8,825
July 8,825 9,350 8,775 9,075 1,765 16,056 2,097 1,000,000,000 9,075
August 9,075 9,175 8,925 8,975 1,296 11,740 1,725 1,000,000,000 8,975
September 8,975 9,075 8,775 8,925 1,220 10,900 1,583 1,000,000,000 8,925
October 8,925 9,075 8,550 8,950 1,853 16,210 4,206 1,235,803,109 11,060
November 8,950 9,025 8,650 8,725 1,128 9,948 2,342 1,235,803,109 10,782
December 8,725 8,750 8,275 8,600 2,045 17,428 3,414 1,235,803,109 10,628
SUMMARY OF QUARTERLY STOCK TRADING 2021-2025
Price/Share (IDR) Total
Transaction Kapitalisasi
Outstanding
Volume Pasar
Year Quarterly Opening Highest Lowest Closing Share
(Thousand (IDR
(IDR) (IDR) (IDR) (IDR) (number of
Units Share) Billion)
share)
2021 I 8,975 8,900 8,300 8,325 1,000,000,000 11,282 8,325
II 8,325 9,150 7,875 8,175 1,000,000,000 16,679 8,175
III 8,175 9,150 7,500 7,700 1,000,000,000 25,520 7,700
IV 7,700 9,150 7,500 7,700 1,000,000,000 34,618 7,700
2022 I 7,700 8,650 7,525 8,575 1,000,000,000 10,254 8,575
II 8,575 8,875 7,525 8,025 1,000,000,000 24,952 8,025
III 8,025 8,875 7,525 8,300 1,000,000,000 31,235 8,300
IV 8,300 9,850 7,525 9,000 1,000,000,000 37,795 9,000
2023 I 9,000 10,500 8,700 10,250 1,000,000,000 4,406 10,250
II 10,250 12,400 8,700 11,375 1,000,000,000 8,212 11,375
III 11,375 11,250 8,700 10,525 1,000,000,000 23,069 10,525
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 17
Page 20
Price/Share (IDR) Total
Transaction Kapitalisasi
Outstanding
Volume Pasar
Year Quarterly Opening Highest Lowest Closing Share
(Thousand (IDR
(IDR) (IDR) (IDR) (IDR) (number of
Units Share) Billion)
share)
IV 10,525 11,475 10,175 10,950 1,000,000,000 29,083 10,950
2024 I 10,950 14,100 10,850 13,425 1,000,000,000 9,020 13,425
II 13,425 14,300 11,300 11,975 1,000,000,000 9,879 11,975
III 11,975 12,250 10,950 11,300 1,000,000,000 4,338 11,300
IV 11,300 14,300 9,775 9,850 1,000,000,000 4,835 9,850
2025 I 9,850 10,000 8,600 9,200 1,000,000,000 4,249 9,200
II 9,200 10,400 8,400 8,825 1,000,000,000 12,385 8,825
III 8,825 9,350 8,775 8,925 1,000,000,000 16,665 8,925
IV 8,925 9,075 8,275 8,600 1,235,803,109 21,692 10,628
ADMF STOCK TRADING CHARTS FOR 2024 AND 2025
Price/Share Total Daily Transactions
(IDR) (Thousands of Shares)
of shares listed on the IDX
1,000
14,000
900
13,000
800
12,000
700
11,000
600
10,000
500
400 9,000
300 8,000
200 7,000
100 6,000
- 5,000
Jan-24
Feb-24
Mar-24
Apr-24
Mei-24
Jun-24
Jul-24
Aug-24
Sep-24
Oct-24
Nov-24
Dec-24
Jan-25
Feb-25
Mar-25
Apr-25
Mei-25
Jun-25
Jul-25
Aug-25
Sep-25
Oct-25
Nov-25
Dec-25
Stock Price (IDR) Number of Transactions (Thousands of Shares)
CORPORATE ACTIONS
During 2025 and 2024, the Company did not undertake any corporate actions such as a stock split, a reverse
stock split, bonus shares, or changes to the nominal value of its shares. On 1 October 2025, Mandala Finance
was legally merged into Adira Finance, with Adira Finance acting as the surviving entity. The merger was
completed following the approvals obtained from the shareholders of both companies as well as the Financial
Services Authority (Otoritas Jasa Keuangan/OJK) on 30 June 2025.
SUSPENSION AND/OR DELISTING
In 2025 and 2024, Adira Finance did not experience a temporary suspension of share trading (suspension) and/
or delisting of shares on the Exchange.
18 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 21
Performance
Highlights
SUMMARY OF BONDS AND MUDHARABAH BONDS Opening
Management
Report
Adira Finance actively issues bonds and mudharabah bonds on the Indonesia Stock Exchange as one of the
Company’s funding sources. The following is a summary table of outstanding bonds and mudharabah bonds Corporate
Profile
at the end of 2023, 2024, and 2025.
OUTSTANDING BONDS AND MUDHARABAH BONDS AS OF DECEMBER 31, 2023 Management
Discussion
and Analysis
Coupon/ Bonds Rating
Principal Interest Rate/ Principal Outstanding
Name of Bonds and Effective Profit Sharing
Series Amount Profit Sharing Term Settlement Principal
Mudharabah Bonds Date Payment 2022 2023
(IDR Billion) Ratio Maturity Date (IDR Billion)
(IDR Billion) Corporate
Governance
Adira Finance C 328 9.50% 60 December January 23, 31 328 id
AAA id
AAA
Continuing Bonds months 4, 2017 2024
IV Phase IV
Environmental
Adira Finance C 608 9.15% 60 December April 16, 2024 56 608 id
AAA id
AAA and Social
Responsibility
Continuing Bonds months 4, 2017
IV Phase V
Adira Finance C 190 8.10% 60 December October 4, 15 190 id
AAA id
AAA Supporting
Data
Continuing Bonds months 4, 2017 2024
IV Phase VI
Adira Finance B 741 5.50% 36 June 30, July 23, 2024 41 741 id
AAA id
AAA
Continuing Bonds months 2020
V Phase II
Adira Finance B 830 5.60% 36 June 30, March 22, 46 830 id
AAA id
AAA
Continuing Bonds months 2020 2025
V Phase III
C 250 6.25% 60 June 30, March 22, 16 250 id
AAA id
AAA
months 2020 2027
Adira Finance A 405 5.50% 370 days June 27, July 17, 2024 6 405 - id
AAA
Continuing Bonds 2023
VI Phase I
B 410 6.00% 36 June 27, July 7, 2026 6 410 - id
AAA
months 2023
C 885 6.25% 60 June 27, July 7, 2028 14 885 - id
AAA
months 2023
Adira Finance A 835 6.15% 370 days June 27, November 19, - 835 - id
AAA
Continuing Bonds 2023 2024
VI Phase II
B 385 6.50% 36 June 27, November 9, - 385 - id
AAA
months 2023 2026
C 30 6.55% 60 June 27, November 9, - 30 - id
AAA
months 2023 2028
Adira Finance C 32 79.17% 60 December January 23, 3 32 AAA(sy)
id
AAA(sy)
id
Continuing (equivalent months 4, 2017 2024
Mudharabah to 9.50% per
Bonds III Phase III annum)
Adira Finance C 14 76.25% 60 December April 16, 2024 1 14 AAA(sy)
id
AAA(sy)
id
Continuing (equivalent months 4, 2017
Mudharabah to 9.15% per
Bonds III Phase IV annum)
Adira Finance B 66 45.83% 36 June 30, July 23, 2024 4 66 AAA(sy)
id
AAA(sy)
id
Continuing (equivalent months 2020
Mudharabah to 5.50% per
Bonds IV Phase II annum)
Adira Finance B 49 46.67% 36 June 30, March 22, 3 49 AAA(sy)
id
AAA(sy)
id
Continuing (equivalent months 2020 2025
Mudharabah to 5.60% per
Bonds IV Phase III annum)
C 98 52.08% 60 June 30, March 22, 6 98 AAA(sy)
id
AAA(sy)
id
(equivalent months 2020 2027
to 6.25% per
annum)
Adira Finance A 64 45.83% 370 days June 27, July 17, 2024 1 64 - AAA(sy)
id
Continuing (equivalent 2023
Mudharabah to 5.50% per
Bonds V Phase I annum)
B 141 50.00% 36 June 27, July 7, 2026 2 141 - idAAA(sy)
(equivalent months 2023
to 6.00%
per annum)
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 19
Page 22
Coupon/ Bonds Rating
Principal Interest Rate/ Principal Outstanding
Name of Bonds and Effective Profit Sharing
Series Amount Profit Sharing Term Settlement Principal
Mudharabah Bonds Date Payment 2022 2023
(IDR Billion) Ratio Maturity Date (IDR Billion)
(IDR Billion)
C 95 52.08% 60 June 27, July 7, 2028 1 95 - id
AAA(sy)
(equivalent months 2023
to 6.25% per
annum)
Adira Finance A 251 51.25% 370 days June 27, November 19, - 251 - id
AAA(sy)
Continuing (equivalent 2023 2024
Mudharabah to 6.15% per
Bonds V Phase II annum)
B 94 54.17% 36 June 27, November 9, - 49 - id
AAA(sy)
(equivalent months 2023 2026
to 6.50% per
annum)
C 0,10 54.58% 60 June 27, November 9, - 0,10 - id
AAA(sy)
(equivalent months 2023 2028
to 6.55% per
annum)
The total outstanding bonds and Mudharabah bonds as of December 31, 2023 6,756
OUTSTANDING BONDS AND MUDHARABAH BONDS AS OF DECEMBER 31, 2024
Coupon/ Bonds Rating
Principal Interest Rate/ Principal Outstanding
Name of Bonds and Effective Profit Sharing
Series Amount Profit Sharing Term Settlement Principal
Mudharabah Bonds Date Payment 2023 2024
(IDR Billion) Ratio Maturity Date (IDR Billion)
(IDR Billion)
Adira Finance B 830 5.60% 36 June 30, March 22, 46 830 id
AAA id
AAA
Continuing Bonds months 2020 2025
V Phase III
C 250 6.25% 60 June 30, March 22, 16 250 id
AAA id
AAA
months 2020 2027
Adira Finance B 410 6.00% 36 June 27, July 7, 2026 25 410 id
AAA id
AAA
Continuing Bonds months 2023
VI Phase I
C 885 6.25% 60 June 27, July 7, 2028 55 885 id
AAA id
AAA
months 2023
Adira Finance B 385 6.50% 36 June 27, November 9, 25 385 id
AAA id
AAA
Continuing Bonds months 2023 2026
VI Phase II
C 30 6.55% 60 June 27, November 9, 2 30 id
AAA id
AAA
months 2023 2028
Adira Finance A 1.079 6.40% 370 days June 27, May 13, 2025 35 1.079 - id
AAA
Continuing Bonds 2023
VI Phase III
B 391 6.55% 36 June 27, May 3, 2027 13 392 - id
AAA
months 2023
C 129 6.65% 60 June 27, May 3, 2029 4 129 - id
AAA
months 2023
Adira Finance A 785 6.45% 370 days June 27, October 20, - 785 - id
AAA
Continuing Bonds 2023 2025
VI Phase IV
B 815 6.70% 36 June 27, October 10, - 815 - id
AAA
months 2023 2027
C 400 6.80% 60 June 27, October 10, - 400 - id
AAA
months 2023 2029
Adira Finance B 49 46.67% 36 June 30, March 22, 3 49 id
AAA(sy) id
AAA(sy)
Mudharabah (equivalent months 2020 2025
Bonds IV Phase III to 5.60% per
annum)
C 98 52.08% 60 June 30, March 22, 6 98 id
AAA(sy) id
AAA(sy)
(equivalent months 2020 2027
to 6.25% per
annum)
Adira Finance B 141 50.00% 36 June 27, July 7, 2026 8 141 id
AAA(sy) id
AAA(sy)
Continuing (equivalent months 2023
Mudharabah to 6.00%
Bonds V Phase I per annum)
C 95 52.08% 60 June 27, July 7, 2028 6 95 id
AAA(sy) id
AAA(sy)
(equivalent months 2023
to 6.25% per
annum)
Adira Finance B 49 54.17% 36 June 27, November 9, 3 49 id
AAA(sy) id
AAA(sy)
Continuing (equivalent months 2023 2026
Mudharabah to 6.50% per
Bonds V Phase II annum)
20 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 23
Performance
Highlights
Coupon/ Bonds Rating
Principal Interest Rate/ Principal Outstanding
Name of Bonds and Effective Profit Sharing
Series Amount Profit Sharing Term Settlement Principal
Mudharabah Bonds Date Payment 2023 2024 Opening
(IDR Billion) Ratio Maturity Date (IDR Billion)
(IDR Billion)
C 0 54.58% 60 June 27, November 9, 0 0 AAA(sy)
id
AAA(sy)
id
(equivalent months 2023 2028 Management
to 6.55% per Report
annum)
Adira Finance A 339 53.33% 370 days June 27, May 13, 2025 11 339 - AAA(sy)
id
Corporate
Continuing (equivalent 2023 Profile
Mudharabah to 6.40%
Bonds V Phase III per annum)
B 39 54.58% 36 June 27, May 3, 2027 1 39 - AAA(sy)
id
Management
(equivalent months 2023 Discussion
to 6.55% per and Analysis
annum)
C 22 55.42% 60 June 27, May 3, 2029 1 22 - AAA(sy)
id
Corporate
(equivalent months 2023 Governance
to 6.65% per
annum)
The total outstanding bonds and Mudharabah bonds as of December 31, 2024 7,222 Environmental
and Social
Responsibility
OUTSTANDING BONDS AND MUDHARABAH BONDS AS OF DECEMBER 31, 2025
Supporting
Data
Coupon/ Bonds Rating
Principal Interest Rate/ Principal Outstanding
Name of Bonds and Effective Profit Sharing
Series Amount Profit Sharing Term Settlement Principal
Mudharabah Bonds Date Payment 2024 2025
(IDR Billion) Ratio Maturity Date (IDR Billion)
(IDR Billion)
Adira Finance C 250 6.25% 60 June 30, March 22, 16 250 id
AAA id
AAA
Continuing Bonds months 2020 2027
V Phase III
Adira Finance B 410 6.00% 36 June 27, July 7, 2026 25 410 id
AAA id
AAA
Continuing Bonds months 2023
VI Phase I
C 885 6.25% 60 June 27, July 7, 2028 55 885 id
AAA id
AAA
months 2023
Adira Finance B 385 6.50% 36 June 27, November 9, 25 385 id
AAA id
AAA
Continuing Bonds months 2023 2026
VI Phase II
C 30 6.55% 60 June 27, November 9, 2 30 id
AAA id
AAA
months 2023 2028
Adira Finance B 391 6.55% 36 June 27, May 3, 2027 26 392 id
AAA id
AAA
Continuing Bonds months 2023
VI Phase III
C 129 6.65% 60 June 27, May 3, 2029 9 129 id
AAA id
AAA
months 2023
Adira Finance B 815 6.70% 36 June 27, October 10, 55 815 id
AAA id
AAA
Continuing Bonds months 2023 2027
VI Phase IV
C 400 6.80% 60 June 27, October 10, 27 400 id
AAA id
AAA
months 2023 2029
Adira Finance A 997 6.75% 370 days June 27, February 24, 50 997 - id
AAA
Continuing Bonds 2023 2026
VI Phase V
B 856 6.95% 36 June 27, February 12, 45 856 - id
AAA
months 2023 2028
C 214 7.05% 60 June 27, February 12, 11 214 - id
AAA
months 2023 2030
Adira Finance A 725 6.20% 370 days June 26, July 18, 2026 11 725 - id
AAA
Continuing Bonds 2025
VII Phase I
B 235 6.60% 36 June 26, July 8, 2028 4 235 - id
AAA
months 2025
C 240 6.70% 60 June 26, July 8, 2030 4 240 - id
AAA
months 2025
Adira Finance A 900 5.50% 370 days June 26, October 31, - 900 - id
AAA
Continuing Bonds 2025 2026
VII Phase II
B 750 5.65% 36 June 26, October 21, - 750 - id
AAA
months 2025 2028
Adira Finance C 98 52.08% 60 June 30, March 22, 6 98 AAA(sy)
id
AAA(sy)
id
Mudharabah (equivalent months 2020 2027
Bonds IV Phase III to 6.25% per
annum)
Adira Finance B 141 50.00% 36 June 27, July 7, 2026 8 141 AAA(sy)
id
AAA(sy)
id
Continuing (equivalent months 2023
Mudharabah to 6.00%
Bonds V Phase I per annum)
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 21
Page 24
Coupon/ Bonds Rating
Principal Interest Rate/ Principal Outstanding
Name of Bonds and Effective Profit Sharing
Series Amount Profit Sharing Term Settlement Principal
Mudharabah Bonds Date Payment 2024 2025
(IDR Billion) Ratio Maturity Date (IDR Billion)
(IDR Billion)
C 95 52.08% 60 June 27, July 7, 2028 6 95 id
AAA(sy) id
AAA(sy)
(equivalent months 2023
to 6.25% per
annum)
Adira Finance B 49 54.17% 36 June 27, November 9, 3 49 id
AAA(sy) id
AAA(sy)
Continuing (equivalent months 2023 2026
Mudharabah to 6.50% per
Bonds V Phase II annum)
C 0 54.58% 60 June 27, November 9, 0 0 id
AAA(sy) id
AAA(sy)
(equivalent months 2023 2028
to 6.55% per
annum)
Adira Finance B 39 54.58% 36 June 27, May 3, 2027 3 39 id
AAA(sy) id
AAA(sy)
Continuing (equivalent months 2023
Mudharabah to 6.55% per
Bonds V Phase III annum)
C 22 55.42% 60 June 27, May 3, 2029 1 22 id
AAA(sy) id
AAA(sy)
(equivalent months 2023
to 6.65% per
annum)
Adira Finance A 206 51.67% 370 days June 26, July 18, 2026 3 206 - id
AAA(sy)
Continuing (equivalent 2025
Mudharabah to 6.20% per
Bonds VI Phase I annum)
B 60 55.00% 36 June 26, July 8, 2028 1 60 - id
AAA(sy)
(equivalent months 2025
to 6.60% per
annum)
C 34 55.83% 60 June 26, July 8, 2030 1 34 - id
AAA(sy)
(equivalent months 2025
to 6.70% per
annum)
Adira Finance A 400 45.83% 370 days June 26, October 31, - 400 - id
AAA(sy)
Continuing (equivalent 2025 2026
Mudharabah to 5.50% per
Bonds VI Phase II annum)
B 300 47.08% 36 June 26, October 21, - 300 - id
AAA(sy)
(equivalent months 2025 2028
to 5.65% per
annum)
Mandala Finance B 200 27.42% 36 June 22, June 22, 2026 17 200 - id
AAA(sy)
Continuing (equivalent months 2023
Mudharabah to 8.50% per
Bonds I Phase III annum)
The total outstanding bonds and Mudharabah bonds as of December 31, 2025 10,257
CONVERTIBLE BOND HIGHLIGHTS
Until the end of 2024 and 2023, Adira Finance did not issue convertible bonds; thus, the Company has no
information regarding convertible bonds.
22 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 25
Performance
Highlights
SUSTAINABILITY ASPECTS PERFORMANCE Opening
HIGHLIGHTS [SEOJK B.1] [SEOJK B.2] [SEOJK B.3]
Management
Report
SOCIAL ASPECT
Corporate
Overall weighted Profile
Number of training score for Training and
Number of Adira
New and development governance development
Finance employees
employees participants implementation investment Management
Discussion
practices and Analysis
Corporate
Governance
20,816 6,108 147,183 95.84 Rp67.9
Billion
Environmental
and Social
Responsibility
people people people
Supporting
Data
ECONOMIC ASPECT ENVIRONMENTAL ASPECT
Total Registered Reduction in Paper
Consumers at AdiraKu Use
178.9 thousand 960 rim
(Head Office)
Weighted overall score
for Corporate Governance
implementation CO2 Emissions Produced by
practices the Company
95.84 1,597,089.69
Kg CO2 eq
C02
New Motorcycle
Market Share
10.0% Total Energy Used
7,258,273.2
New Car Market megajoule
Share (Head Office)
4.1%
Number of trees
Business Network
planted
(including sharia
branches) 4,050 mangroves
877 2,000 strong roots
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 23
Page 26
EVENT HIGHLIGHT 2025
January 25 February 13–23 February 18
Planting 3,500 Mangroves in IIMS 2025 BAZNAS RI and Adira Finance
Likupang, Sulawesi An automotive exhibition event Syariah Launch Z-Auto Program
An initiative by Adira Finance aimed organized by Dyandra Promosindo, The National Amil Zakat Agency
at reducing carbon emissions, where Adira Finance served as the (BAZNAS) of the Republic of
supporting environmental Official Multifinance Partner and Indonesia collaborated with Adira
management, and contributing to the Official Trade-in Partner. Finance Syariah to launch the Z-Auto
government’s efforts to achieve Net program to improve the welfare of
Zero Emission (NZE) by 2050. underprivileged communities with
expertise in the automotive sector.
March 25 March 27
Annual General Meeting of Shareholders (AGMS) KURMA Mudik 2025
Discussion of the AGMS resolutions, including Dividend Kembali Seru Bersama – Free homecoming trip with
Distribution and Changes in Management Structure. 500 selected participants organized by Adira Finance in
collaboration with Tribunnews and tvOne Mudik Post.
April 16 April 26 May 28 – June 1
Adira Finance Market Update Vol. 3 – Umrah Untuk Sahabat Draw – Phase 1 IIMS Surabaya 2025
Macroeconomy & Nickel Industry A draw event announcing the An automotive exhibition event
A seminar for dealers organized by winners of the Umrah Untuk Sahabat organized by Dyandra Promosindo,
Adira Finance aimed at providing program. where Adira Finance served as the
information on current economic Official Multifinance Partner and
conditions, future economic outlook, Official Trade-in Partner.
and updates on specific sectors.
24 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 27
Performance
Highlights
Opening
Management
Report
Corporate
Profile
Management
Discussion
and Analysis
June 30 September 20
Corporate
Governance
Extraordinary General Meeting of Aceh People’s Market Festival 2025
Shareholders (EGMS) A series of activities supporting
Environmental
Discussion of the EGMS resolutions the transformation of SEJAHTERA and Social
regarding the proposed merger of traditional markets in four cities. Responsibility
Adira Finance and Mandala Finance.
Supporting
Data
October 1 October 9 October 13–19
Effective Merger Ceremony of Adira Adira Finance Market Update Adira Experience Day – Dealer
Finance & Mandala Finance Vol. 4 – Navigating the Future: Vaganza Arista Expo
A ceremonial event marking the Macroeconomic Update & A series of Dealer Vaganza activities,
official merger of Adira Finance and Leveraging Digital Marketing a collaborative program between
Mandala Finance. A seminar for dealers organized by Adira Finance and dealer partners in
Adira Finance aimed at providing various cities aimed at strengthening
information on current economic business relationships, delivering
conditions, future economic outlook, a comprehensive automotive
and updates on specific sectors. experience, and expanding access to
financing services for the public.
October 14–16 October 18 October 26
Collaboration Between Adira Bengkulu People’s Market Festival Customer & Media Gathering –
Finance Syariah and doctorSHARE in 2025 Umrah Untuk Sahabat
Free Medical Services A series of activities supporting A send-off event for the winners of
Adira Finance Syariah collaborated the transformation of SEJAHTERA the Umrah Untuk Sahabat program.
with Yayasan Dokter Peduli traditional markets in four cities.
(doctorSHARE) in providing free
medical services aboard the hospital
ship (RSK) dr. Lie A. Dharmawan III –
Putra Tomia in Melak, West Kutai, East
Kalimantan.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 25
Page 28
November 7 November 15
Portfolio Transfer of Arthaasia Finance 35th Anniversary & Medan People’s Market Festival 2025
Adira Finance officially completed the transfer of the A celebration of Adira Finance’s 35th anniversary, along with
financing portfolio of PT Arthaasia Finance, as part of the the implementation of the FPR CSR program in Medan City.
Company’s strategic initiative to expand its customer base
and strengthen its productive financing portfolio, particularly
in the commercial vehicle segment.
December 2
Inauguration of Grha Adira BNT
An inauguration event for Grha Adira
in the BNT region.
26 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 29
Performance
Highlights
AWARDS Opening
Management
Report
Certificate Certificate
of Recognition of Recognition
Corporate
Profile
PT ADIRA DINAMIKA MULTI FINANCE TBK PT ADIRA DINAMIKA MULTI FINANCE TBK
THE BEST MULTIFINANCE WITH ASSET ABOVE IDR 10 TRILLION THE 3RD HIGHEST DIGITAL INDEX MULTIFINANCE COMPANY
SHANGRI-LA HOTEL JAKARTA SHANGRI-LA HOTEL JAKARTA
THURSDAY, 20 MARCH 2025 THURSDAY, 20 MARCH 2025
Management
EKO B. SUPRIYANTO RUSS HORELL EKO B. SUPRIYANTO RUSS HORELL
Discussion
and Analysis
CHAIRMAN INFOBANK MEDIA GROUP CHIEF REVENUE OFFICER ASIA PACIFIC CHAIRMAN INFOBANK MEDIA GROUP CHIEF REVENUE OFFICER ASIA PACIFIC
SWANDAJANI GUNADI
ISENTIA ISENTIA
PT ADIRA DINAMIKA MULTI FINANCE TBK
DIREKTUR SDM & MARKETING
As the Winner of PT ADIRA DINAMIKA MULTI FINANCE TBK
Indonesia 20 Syariah Excellent Awards 2025
20 Mar 20 Mar
in Multifinance Category
As the Winner of
INDONESIA’S TOP 20 CHIEF MARKETING OFFICER
AWARDS 2025
Auditorium RRI, January 31st, 2025
Corporate
Governance
14 Infobank –
th
14 Infobank –
th
31 Jan 31 Jan Isentia Digital Brand
Appreciation 2025. Best
Isentia Digital Brand
Appreciation 2025. 3rd
Environmental
5th Anniversary Indonesia Indonesia CMO Awards Financing Company 2025. Best Overall Financing and Social
Responsibility
Top Syariah Awards 2025 2025 – Best CMO. Category: Assets Above Company 2025
– Indonesia Top Syariah Category: Multifinance IDR10 Trillion Infobank
Award 2025. Category: Assets Above IDR10 Infobank
Supporting
Best Sharia Business Unit Trillion Data
– Multifinance The Iconomics
The Iconomics
HerStory proudly honors:
Swandajani Gunadi
Direktur SDM & Marketing
PT Adira Dinamika Multi Finance Tbk
as
Indonesia Top Financial Woman Leaders 2025 in
Strengthening the Company’s Capabilities to Support
Performance Growth
Category
Multifinance
Warta Ekonomi proudly honors:
Friday, April 25th 2025 PT Adira Dinamika Multi Finance Tbk
The Sultan Hotel & Residence, Jakarta
Muhamad Ihsan
Founder & CEO HerStory
as
The Best Human Capital 2025 for Driving Employee Satisfaction Through
Collaborative d Inclusive Corporate Events
Category
Multifinance
25 Apr
Wednesday, April 30th 2025
Royal Kuningan Hotel, Jakarta
Muhamad Ihsan
CEO & Chief Editor
Indonesia Top Financial
Women Leaders
2025 – Category:
30 Apr 4 Jul 15 Sep
Women’s Leadership in Indonesia Human Capital The Most Outstanding The 16th IICD Corporate
Strengthening Corporate Awards 2025 – Best Women 2025. Category: Governance Conference
Capabilities to Support Human Capital 2025 Multifinance and Award 2025.
Performance Growth in Driving Employee Infobank Category: Best Financial
Herstory Satisfaction through Sector (MidCap)
Collaborative and ANTARA
Inclusive Corporate
Activities. Category:
Multifinance
Warta Ekonomi
25 Sep
Stellar Workplace Award
23 Sep 2025
1. Top 10 Companies with
Best Future - Ready
Indonesia Most
Workplace Program
Reputable Companies 2. Stellar Workplace
Award 2025. Category: Recognition in Employee
Multifinance, Predicate: Commitment
“Good” 3. Stellar Workplace
SWA Magazine & Business Recognition in Employee
Digest Satisfaction
Kontan
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 27
Page 30
KATEGORI
BEST SUKUK
MUDHARABAH
Dengan Bangga Diberikan Kepada
PT ADIRA DINAMIKA MULTI FINANCE TBK
Sukuk
SUKUK MUDHARABAH BERKELANJUTAN V ADIRA DINAMIKA MULTI
FINANCE TAHAP TAHUN 2023 SERI C
This Award is Presented to This Award is Presented to
Jakarta, 30 September 2025
PARTO KAWITO PRIMUS DORIMULU
Direktur CEO
IN
COLLAB-
PT ADIRA DINAMIKA MULTI FINANCE TBK
ORATION
WITH
PT Infovesta Utama Investortrust.id
As the Winner of
Indonesia Best Financial Awards 2025
Best Customer Service Reputation in Multifinance >20T Category
30 Sep 28 Oct
Best Sharia Awards TOP 20 Financial
2025 – Best Mudharabah
Sukuk. Category: Issuer
9 Oct 9 Oct Institution & The Finance
Awards 2025. Category:
Investortrust.id 7 Indonesia Best
th
7 Indonesia Best
th Financing Company with
Financial Awards 2025 – Financial Awards 2025 – Assets > IDR10 Trillion.
Best Customer Service Best Customer Service Predicate: “Excellent”
Reputation. Category: Reputation. Category: The Finance
Multifinance > IDR20 Multifinance > IDR20
Trillion Trillion
The Iconomics The Iconomics
Event Collaboration by :
Award of Excellence
is given to
PT Adira Dinamika Multi Finance Tbk
as
CSA Award for Outstanding Company in Financials Sector on
the Development Board
at CSA Awards 2025
"Navigating Change, Unlocking Opportunity: Towards a
Resilient and Sustainable Capital Market"
Warta Ekonomi proudly honors:
PT. Adira Dinamika Multi Finance Tbk November 27th, 2025
as
Best Digital Finance 2025 for Customer-Centric Focus through Digital Chairman of The Association of Chief Organizer of CSA Awards 2025 Chairman of Judges CSA Awards 2025
Innovation Enhancement Indonesian Securities Analysts Aria Santoso, M.Kom., QWP, CSA, Prof. Ir. Roy H.M. Sembel, MBA.,
Dr. David Sutyanto, M.M., CSA, CES. CTAD, CFTe. Ph.D., CSA, CIB.
Category
Multifinance
Thursday, November 27th 2025
The President Lounge, Menara Batavia, Jakarta
Muhamad Ihsan
CEO & Chief Editor
27 Nov
CSA Award for
28 Oct 14 Nov 27 Nov Outstanding Company in
Financials Sector on the
TOP 20 Financial Indonesia Customer Indonesia Best Digital Development Board
Institution & The Finance Service Quality Award Finance Awards 2025. Perkumpulan Analis Efek
Awards 2025 – The 2025. Category: Car Best Digital Finance 2025 Indonesia (PAEI) & CSA
Finance Best CFO 2025. Financing, Predicate: for the Implementation Community
Category: Financing “Excellent” of a Customer-Centric
Company SWA Business Digest Strategy through
Infobank Strengthened Digital
Innovation. Category:
Multifinance
Warta Ekonomi
Warta Ekonomi proudly honors:
DEWA
MADE SUSILA
From
PT Adira Dinamika Multi Finance Tbk
as
Indonesia CEO Excellence 2025 for Delivering
Value through Balanced Growth and Market
8 Dec
Category
th
2025
Muhamad Ihsan
CEO & Chief Editor
Top 100 CEO and The
Future Leaders Forum &
Appreciation 2025 18 Dec
Infobank
Indonesia CEO
Excellence Awards 2025
– For Value Creation
through a Balanced
Growth Strategy and
Market Diversification.
Category: Multifinance
Warta Ekonomi
28 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 31
Page 32
Adira Finance remains committed to maintaining resilience and sustainable performance through various strategic initiatives, by optimizing opportunities in the automotive segment while expanding the diversification of its financing portfolio into the non-automotive sector.
Page 33
Page 34
01 MANAGEMENT REPORT
Page 35
Page 36
Daisuke Ejima President Commissioner
Page 37
REPORT OF
PRESIDENT
COMMISSIONER [SEOJK D.1] [GRI 2-22]
“
The year 2025 marked an important period for Adira
Finance in strengthening its business foundations and
expanding the Company’s scale of growth. Strategic
initiatives implemented in a prudent and adaptive manner,
aligned with sound corporate governance principles,
have further strengthened the Company’s foundation to
sustain performance and create long-term value for all
stakeholders.
Dear Respected Shareholders and Stakeholders,
T
he year 2025 unfolded as a period In fulfilling its supervisory role and responsibilities,
of considerable challenges amid the Board of Commissioners actively monitored,
evolving economic dynamics evaluated, and provided strategic guidance to the
and an increasingly competitive Board of Directors in the formulation and execution
financing industry landscape. of the Company’s strategies throughout 2025. Our
Against this backdrop, the Board oversight focused on ensuring a prudent balance
of Commissioners firmly believes that resilience, between business growth, risk management,
adaptability, and consistency in the implementation strengthening of the funding structure, and
of good corporate governance are key factors in the implementation of sustainability principles
sustaining performance and creating long-term and governance with integrity. The Board of
value for all stakeholders. Commissioners believes that the effective synergy
between its supervisory function and management
has provided a strong foundation for the Company
to navigate challenges and seize sustainable growth
opportunities.
Page 38
MACROECONOMIC CONDITIONS IN 2025 driving the growth of non-automotive financing,
The global economy continued to face complex particularly through its multipurpose financing
challenges amid efforts to achieve stabilization after product (Solusi Dana), to sustain long-term growth
a prolonged period of uncertainty. The International amid a still challenging market environment.
Monetary Fund (IMF) projected that global economic
growth in 2025 would be around 3.2%, slowing from In order to strengthen the Company’s fundamentals
the 2024 growth rate of 3.3%. Divergent policy paths, and support its long-term growth trajectory, the
shifts in global trade structures driven by the United Board of Commissioners also closely monitored
States’ implementation of trade tariffs, and the the implementation of inorganic growth strategies
stubborn geopolitical tensions were weighing on executed throughout 2025. During 2025, the
global economic growth. Company completed the merger with PT Mandala
Multifinance Tbk on 1 October 2025, as well as the
Domestically, Indonesia’s economy also faced acquisition and portfolio transfer of PT Arthaasia
pressures throughout 2025. Slower manufacturing Finance on 7 November 2025. We consider both
activity, rising layoffs, and pressure on household initiatives to be appropriate strategic steps to
purchasing power due to higher living costs weighed expand the Company’s scale and enhance its
on the momentum of economic growth. These competitiveness amid the increasingly competitive
conditions led to a moderation in domestic demand, dynamics of the multifinance industry.
which in turn affected demand for financing in the
multifinance industry. The Board of Commissioners noted that all of
these corporate actions were undertaken following
In line with these conditions, the national automotive comprehensive strategic reviews and adequate
industry remained under pressure and had yet to consideration from financial, operational, and
recover to pre-pandemic levels. Four-wheeler sales governance perspectives. The Board of Directors’
continue to face pressure, while two-wheeler sales focus on ensuring organizational readiness,
have tended to remain stagnant. In this context, integrating systems, business processes, and
Adira Finance continued to strive to maintain positive managing transition risks represents a proper
performance by implementing adaptive, selective, measure to ensure the sustainability of Adira
and prudent business strategies to sustain growth Finance’s performance post-merger.
while strengthening performance resilience amid
a competitive market environment and moderate In line with the implementation of these strategies,
demand. the Company delivered solid operational
performance. Adira Finance recorded new financing
ASSESSMENT OF THE BOARD OF DIRECTORS’ disbursements of IDR43.2 trillion, representing
PERFORMANCE 18% growth compared with the previous year. This
In navigating the ongoing pressures within the growth was supported by the automotive and non-
automotive and financing industries throughout automotive segments, which posted increases of 12%
2025, the Board of Commissioners assesses that the and 37%, respectively. In line with this growth, total
Board of Directors demonstrated an adaptive and managed receivables increased by 13% to IDR63.4
measured response in maintaining the Company’s trillion, compared with the Company’s financing
stability and sustainable performance. receivables of IDR56.0 trillion as of the end of 2024
(pre-merger). This growth reflects more stable
The Board of Directors consistently upholds the portfolio management.
principle of prudence through disciplined risk
management, ensuring that the Company’s risk Meanwhile, the Company’s asset quality remained
profile remains well maintained at a healthy level. well maintained, as reflected in the decline in the
At the same time, the Board of Directors continues Non-Performing Financing (NPF) ratio to 2.0% in
to encourage selective growth through product 2025, compared with 2.2% in the previous year. This
diversification. In addition to continuing to optimize improvement reflects the effectiveness of credit
opportunities in the automotive segment, where risk management and the strengthening of the
opportunities remain, the Company is actively Company’s financing portfolio quality.
36 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 39
Management
Report
In line with the growth in financing and assets, the SUPERVISION OF THE FORMULATION AND
Performance
Company’s total income increased to IDR12.1 trillion, IMPLEMENTATION OF CORPORATE STRATEGY Highlights
up 3% (yoy). Supported by higher income and lower The Board of Commissioners consistently monitors
interest expense, net interest margin increased by and supervises, and provides advice to the Board
Opening
5.3% (yoy) to IDR8.6 trillion, while impairment losses of Directors in relation to the achievement of
were relatively stable at around IDR2.6 trillion (up Adira Finance’s strategies and targets. Supervision
1% yoy). However, amid the integration phase, net was conducted through regular meetings, Corporate
Profile
profit declined to IDR1.5 trillion, due to transition supplemented by additional sessions as necessary,
investments and organizational consolidation, as to evaluate the implementation of the Company’s
reflected in a 7% increase in operating expenses to strategic initiatives. Throughout 2025, the Board of Management
Discussion
and Analysis
support operational and governance alignment. Commissioners held 6 (six) Board of Commissioners
meetings and 6 (six) joint meetings with the Board
On the funding side, the Board of Commissioners of Directors.
Corporate
Governance
assessed that the Board of Directors successfully
maintained adequate liquidity through a well- In 2025, the Board of Commissioners’ oversight
Environmental
managed funding diversification strategy. Joint of the Company’s strategic direction focused on and Social
Responsibility
financing support with Bank Danamon, along with maintaining a balance between business growth
external funding through bank loans (both onshore and prudent risk management principles, including:
Supporting
and offshore), as well as the issuance of bonds and (1) optimizing the automotive market; (2) diversifying Data
sukuk, provided sufficient financial flexibility while financing products through multipurpose financing
maintaining cost of funds efficiency. The Company’s (Solusi Dana) and heavy equipment financing;
strong credit ratings from Pefindo, Moody’s, and (3) strengthening customer retention through
Fitch further reaffirm investor confidence in the enhanced service quality and customer experience;
Company’s fundamentals and long-term prospects. (4) advancing digitalization across the Company
and its ecosystem; (5) managing asset quality
Going forward, the Board of Commissioners in a prudent and sustainable manner; and (6)
supports the Board of Directors’ initiatives to further maintaining adequate liquidity to support long-term
strengthen the Company’s business fundamentals stability and growth.
through collaborative strategies within the
MUFG Group ecosystem, to unlock cross-selling Furthermore, the Board of Commissioners
opportunities, optimize cost efficiency, and broaden continuously strengthened its supervisory function
access to funding. This collaboration is expected over the implementation of Good Corporate
to serve as a sustainable source of growth while Governance (GCG) principles, including the
reinforcing Adira Finance’s position as a competitive, effectiveness of risk management, internal control
adaptive, and trusted financing company in systems, and progress in implementing the
Indonesia. Company’s sustainability strategy as set out in the
Sustainable Finance Action Plan (RAKB). All of these
Furthermore, in support of the sustainability aspects are key elements in ensuring the Company’s
agenda, the Company continued to strengthen healthy and sustainable growth and alignment with
its commitment to implementing Environmental, the interests of its stakeholders.
Social, and Governance (ESG) principles throughout
2025. The Company’s focus was directed toward The Board of Commissioners will continue to oversee
developing sustainable financing, particularly in the the policies and strategies implemented by the
environmentally friendly vehicle segment, as part Board of Directors to ensure that the Company’s
of its contribution to the transition toward a low- management is consistently underpinned by
carbon economy. In 2025, electric vehicle financing disciplined risk management. Through sustained
totaled IDR748 billion. supervision, the Board of Commissioners is
committed to ensuring that all strategic initiatives
remain aligned with the prudential principles and
support the achievement of healthy and sustainable
growth.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 37
Page 40
VIEW ON THE BUSINESS PROSPECTS VIEW ON THE IMPLEMENTATION OF GOOD
PROPOSED BY THE BOARD OF DIRECTORS CORPORATE GOVERNANCE
The Board of Commissioners has carefully reviewed The Board of Commissioners observes that
the 2026 business outlook prepared by the Board throughout 2025, Adira Finance has demonstrated
of Directors. We consider that the outlook has been consistency and commitment in implementing Good
formulated in a realistic and measured manner, Corporate Governance (GCG) across all business
taking into account economic dynamics, the still activities. The effective implementation of GCG is
competitive financing industry landscape, and reflected in a comprehensive risk management
various risks that may affect purchasing power and framework, adequate internal control systems, and
asset quality. effective management by the Board of Directors,
supported by the Board of Commissioners and the
The Board of Commissioners views that the Directors’ Sharia Supervisory Board.
focus on maintaining a balance between financing
expansion and risk management represents The Company proactively ensured that risk
an appropriate approach in navigating market identification, measurement, control, and monitoring
uncertainties. The strategy to strengthen the non- processes were effectively implemented across its
automotive portfolio will remain one of the growth business operations. Adira Finance also aligned
pillars in 2026. Meanwhile, synergies within the Group its risk management practices with the policies
ecosystem are expected to further strengthen the adopted by Bank Danamon as its parent entity and
Company’s penetration in the automotive segment, implemented Anti-Money Laundering, Counter-
particularly through integrated and competitive Terrorism Financing, and Counter-Proliferation
financing schemes. Financing of Weapons of Mass Destruction (AML, CTF
& CPF) policies. In addition, the Company complied
Furthermore, the merger with Mandala Finance, with applicable Government regulations relating
which has entered the consolidation phase, is to the governance and utilization of Information
expected to be an important catalyst for the Technology (IT) in support of digital transformation,
Company’s prospects. The focus on optimizing while continuously strengthening the role of IT
post-merger synergies through business model within its operational framework.
integration, leveraging a broader network, and
aligning processes and policies is expected to Adira Finance conducted a self-assessment of its GCG
enhance business scale and operational efficiency, implementation based on the Financial Soundness
while sustainably strengthening the Company’s Level of Financing Companies in accordance with the
competitiveness. guidance of the Financial Services Authority (OJK).
Through this assessment, the Company achieved
The acceleration of digitalization and the Rank 1, indicating a very strong implementation of
strengthening of human capital capabilities will also GCG. Furthermore, based on the ASEAN Corporate
be key enablers supporting long-term growth. The Governance Scorecard assessment conducted by
utilization of technology and data optimization is the Indonesian Institute for Corporate Directorship
expected to improve process efficiency, accelerate (IICD), an independent third party, Adira Finance’s
service delivery, and enhance data-driven decision- GCG practices were categorized as “Very Good,” with
making. These initiatives are considered important a total weighted score of 95.84.
to ensure the Company’s readiness in responding to
an increasingly competitive and digitalized industry Overall, the Board of Commissioners believes that
environment. the GCG principles have been consistently and
effectively implemented, in line with the Company’s
Overall, the Board views that the 2026 business commitment to building a business based on strong
outlook prepared by the Board of Directors reflects risk management and internal control practices to
a balanced approach between optimism and support sustainable long-term growth.
prudence, and is oriented toward long-term value
creation for shareholders and stakeholders.
38 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 41
Management
Report
MANAGEMENT OF THE WHISTLEBLOWING The Nomination and Remuneration Committee
Performance
SYSTEM identified and proposed candidates for members of Highlights
Adira Finance has set up a Whistleblowing the Board of Commissioners, the Board of Directors,
System (WBS) as a formal channel for submitting and the Sharia Supervisory Board, including
Opening
complaints and reporting suspected violations. determining the required criteria and competencies.
The implementation of the WBS is subject to the The Committee also provided recommendations
oversight of the Board of Commissioners, with the regarding remuneration packages for the Board of Corporate
Profile
support of the Audit Committee, alongside the active Commissioners and the Board of Directors.
role of the Board of Commissioners in providing
guidance and input to the Board of Directors to The Risk Monitoring Committee conducted an in- Management
Discussion
and Analysis
ensure its effectiveness and proper implementation. depth analysis and evaluation of the Company’s key
Throughout 2025, reports received through the risks, including financing, operational, and credit
WBS were managed and followed up consistently, risks, as well as market dynamics and developments.
Corporate
Governance
following applicable regulations and internal In addition, the Committee also evaluated any policy
policies, reflecting the Company’s commitment to and regulatory changes that may have an impact on
Environmental
the implementation of Good Corporate Governance business activities, to ensure that risk management and Social
Responsibility
(GCG). remains within the established risk tolerance limits.
ASSESSMENT OF COMMITTEES UNDER THE
Supporting
Meanwhile, the Governance Committee reviewed Data
BOARD OF COMMISSIONERS and evaluated the Company’s governance
The Board of Commissioners is supported by several framework and policies related to corporate
committees in carrying out its supervisory duties governance practices. The Committee ensured that
and responsibilities over the Company. These corporate governance principles were implemented
committees consist of the Audit Committee, the across the Company’s operational activities, thereby
Nomination and Remuneration Committee, the supporting transparency, accountability, and the
Risk Monitoring Committee, and the Governance sustainability of the Company’s business.
Committee.
CORPORATE SOCIAL RESPONSIBILITY
The Board of Commissioners assesses that all Throughout 2025, the implementation of Corporate
committees have carried out their duties and Social Responsibility (CSR) was assessed to have
responsibilities properly. The committees play been carried out consistently and in alignment with
an important role in supporting the Board of the Company’s sustainability strategy. Initiatives
Commissioners in exercising its supervisory function. implemented through the three main pillars
This assessment is based on various criteria, including Sahabat Lokal, Adira Peduli, and Mitra CSR Adira
the frequency and conduct of meetings, attendance Finance, delivered tangible contributions across
levels, the competence of members, performance social, economic, and environmental aspects,
achievements, and the quality of recommendations while strengthening stakeholder engagement in
provided. supporting inclusive growth.
The Audit Committee actively carried out its Going forward, the Board of Commissioners
supervisory role by monitoring and evaluating the encourages the continued adaptive development
planning and implementation of the Company’s of Adira Finance’s CSR programs in alignment with
internal audit activities, including ensuring follow- the Sustainable Development Goals (SDGs), further
up on audit findings and recommendations as part strengthening the Company’s role as a responsible
of continuous improvement efforts. In addition, the financing institution oriented toward long-term
Audit Committee reviewed the Company’s Financial impact.
Statements, and any material findings were
submitted to the Board of Commissioners for further
consideration.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 39
Page 42
CHANGES IN THE COMPOSITION OF THE We also extend our sincere appreciation to the Board
BOARD OF COMMISSIONERS of Directors and all employees (“Sahabat Gardira”)
Throughout 2025, there were changes in the for their dedication, professionalism, and resilience
composition of the Board of Commissioners. Based throughout the 2025 financial year. Our gratitude
on the resolution of the Annual General Meeting is likewise conveyed to our customers, business
of Shareholders (AGMS) held on 25 March 2025, partners, and all stakeholders for their continued
the shareholders approved the resignation of support and trust in Adira Finance.
Mr. Eng Heng Nee Philip as Commissioner of the
Company and Mr. Hafid Hadeli as Commissioner of The Board of Commissioners considers the post-
the Company, whose term has ended at PT Bank merger integration with Mandala Finance to be a
Danamon Indonesia. significant strategic milestone for Adira Finance
as it enters its next phase of growth. The merger
Furthermore, the AGMS approved the appointment not only expands the Company’s business reach
of Mr. Honggo Widjojo Kangmasto as Commissioner and customer base but also enhances operational
of the Company, which will be effective upon the capabilities, improves process efficiency, and
completion of the Fit and Proper Test from the accelerates digital transformation. Supported by a
Financial Services Authority (OJK). strong governance framework, this integration is
expected to generate sustainable value and further
The following is the Company’s composition of Board strengthen the Company’s competitive position
of Commissioners: within Indonesia’s financing industry.
President Commissioner : Daisuke Ejima Looking açhead, the Board of Commissioners
Independent Commissioner : Krisna Wijaya remains optimistic that Adira Finance is on the right
Independent Commissioner : Manggi Taruna Habir path toward achieving sustainable, inclusive, and
Commissioner : Congsin Congcar customer-oriented growth. With a clear strategic
Commissioner : Honggo Widjojo direction, prudent risk management, and strong
Kangmasto collaboration between the Board of Commissioners,
the Board of Directors, and all stakeholders, we are
APPRECIATION AND CLOSING REMARKS confident that Adira Finance will be well-positioned
In closing, the Board of Commissioners would like to navigate challenges while capturing opportunities
to express its appreciation for the continued trust effectively.
and confidence extended by our shareholders. We
remain committed to carrying out our supervisory
responsibilities independently, professionally,
and responsibly in support of the Company’s
performance and long-term sustainability.
Jakarta, March 13, 2026
Daisuke Ejima
President Commissioner
40 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 43
Page 44
BOARD OF COMMISSIONERS
Manggi Taruna Habir Daisuke Ejima
Independent Commissioner President Commissioner
Page 45
Krisna Wijaya Congsin Congcar Honggo Widjojo Kangmasto Independent Commissioner Commissioner Commissioner
Page 46
I Dewa Made Susila President Director
Page 47
REPORT OF
BOARD OF
DIRECTORS [OJK D.1][GRI 2-22]
“
The automotive industry’s performance throughout
2025 showed a recovery that has not yet fully returned
to pre-pandemic levels. Four-wheeled vehicle sales
remained under pressure, both in the passenger
vehicle and commercial vehicle segments. Meanwhile,
two-wheeled vehicle sales tended to be stagnant. In
line with these dynamics, Adira Finance adjusted its
financing disbursement strategy by prioritizing portfolio
diversification to maintain balanced growth, broaden
its financing base, and respond to increasingly diverse
consumer needs.
Dear Respected Shareholders and Stakeholders,
G
lobal and domestic economic tax surcharge (opsen pajak) policy has also become
conditions throughout 2025 an additional challenge affecting the overall
once again presented significant dynamics of the financing industry.
challenges for Indonesia’s
multifinance industry, including Amid these dynamics and challenges, Adira Finance
Adira Finance. The automotive remained steadfast in its commitment to resilience
industry experienced stagnant sales of two- and continued to deliver sustainable performance
wheeled vehicles and a noticeable decline in four- through the implementation of strategic initiatives.
wheeled vehicle sales, as both remained under Among these initiatives were optimizing the
pressure from weakening market demand. On the Company’s potential in the automotive segment
macroeconomic front, rising unemployment due and diversifying its financing portfolio into non-
to waves of layoffs (PHK), declining commodity automotive sectors, including the development
prices, as well as various other external factors have of multipurpose financing (Solusi Dana) and the
affected the weakening of people’s purchasing heavy equipment financing. The objective of
power. In addition, the implementation of regional this strategy was to expand sources of growth
Page 48
and reduce our reliance on the automotive sector. Under such circumstances, competition across the
On the other hand, Adira Finance also consistently industry intensified, leading to an inevitable need for
strengthened synergies and collaboration with its product innovations, operational efficiency, and more
Parent Company, Bank Danamon, while expanding comprehensive risk management. In this context,
collaboration across the MUFG ecosystem. Adira Finance was among the players who viewed a
Complementing its organic growth agenda, the sustainable business diversification strategy, deeper
Company intensified its inorganic growth strategy synergies and strategic collaboration as key factors
following the completion of its merger with Mandala in maintaining competitiveness and strengthening
Finance and the acquisition of PT Arthaasia Finance’s performance resilience in challenging industry
assets. Collectively, these strategic actions are cycles.
expected to reinforce the Company’s competitive
positioning, broaden its business foundation, STRATEGY, CHALLENGES, AND RESULTS
and generate sustainable long-term value for
shareholders and all stakeholders. Strategy and Policy
A downcycle phase marked the year’s
MACROECONOMIC AND INDUSTRY ANALYSIS macroeconomic conditions and put pressure on the
Throughout 2025, the global economy remained entire financing industry. The decline in automotive
overshadowed by increasing uncertainty, as policies sales led to a contraction in financing volume and
around the world went in quite different directions, competitive pressure, while the increase in the cost of
a shifting trend that coincided with structural funds could not be fully passed on to consumers due
changes in global trade following the United States’ to competitive pressures and weakening purchasing
allegedly unfair imposition of trade tariffs and the power. This situation caused higher credit risk as
persistent geopolitical tensions across regions. The financing quality deteriorated, particularly in the
International Monetary Fund (IMF) even projected most sensitive, entry-level segment.
global economic growth of 3.2% for the year, down
from 3.3% in 2024. This slowdown prompted us to be What made the pressures more complicated were
more vigilant on all plausible impacts on domestic structural changes in the automotive industry,
economic stability and growth prospects. particularly the entry of electric vehicles and new
brands, as vehicle depreciation patterns changed
Domestically, challenges came from structural acconting-wise. The once-stable collateral values
economic dynamics, including a slowdown in the had now become volatile, making financing risk
manufacturing sector, which has led to many more assumptions, particularly for four-wheeled vehicles,
layoffs and constrained purchasing power amid less secure. On the demand side, the post-pandemic
skyrocketing living expenses. Such unfavorable middle class has dipped quite deeply, reducing
circumstances put further pressure on public demand in the mass-market passenger vehicle
consumption and demand for financing, which segment.
ultimately affected the overall performance of the
financing industry. Facing this situation, the Company In the context of current economic dynamics,
was required to implement adaptive, selective, management clearly recognized the need for a
and prudent business strategies to sustain growth cautious, measurable approach. The Company
momentum while strengthening performance prioritizes strengthening business resilience and
resilience amid a challenging business environment. disciplined risk management to ensure sustainable
performance amid a challenging economic cycle. In
Meanwhile, the national financing industry remained line with this, Adira Finance has continued to build
under profound challenges as the year unfolded as on its internal foundations, e.g., operations, risk
the slowdown in the automotive market persisted. management, and organizational capabilities, as a
Four-wheeled vehicle sales contracted, while the strategic step to ensure the Company’s readiness
two-wheeled vehicle market tended to stagnate to capture growth opportunities optimally.
and has yet to support optimal industry growth.
This situation put quite a bit of pressure on new To that very end, Adira Finance implemented
financing disbursements across nearly all financing strategies and policies that emphasized growth-
industry players. prudence balance. These strategies are executed
in an integrated manner through several key
focus areas, namely: (1) optimizing the automotive
46 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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market; (2) diversifying financing products through The Role of the Board of Directors in
Performance
multipurpose financing (Solusi Dana) and heavy Formulating and Ensuring the Implementation Highlights
equipment; (3) increasing customer retention by of Strategies and Policies
improving service quality and customer experience; The Board of Directors formulates strategies and
Opening
(4) developing digitalization within the Company and policies, with input and direction from the Board of
its ecosystem; (5) managing asset quality prudently Commissioners. The Company’s business objectives
and sustainably; and (6) maintaining adequate and commitments are stated in the Business Plan Corporate
Profile
liquidity to support long-term stability and growth. and Sustainable Finance Action Plan (RAKB). These
plans are aligned with the Sustainable Development
In addition to its organic growth strategy, the Goals (SDGs). Management
Discussion
and Analysis
Company also adopted an inorganic growth
strategy as the year progressed. On October 1st, We are also responsible for implementing these
2025, the Company completed the merger process strategies and policies. In this regard, the Board of
Corporate
Governance
with Mandala Finance. This merger was one of the Directors periodically and continuously monitored
strategic steps we took to strengthen Adira Finance’s and evaluated the Company’s progress towards its
Environmental
business foundation and sharpen its competitive corporate goals and objectives at all levels of the and Social
Responsibility
edge amid the dynamics of the financing industry. organization as we worked to make all the necessary
The synergy resulting from the merger of these improvements based on business conditions and
Supporting
two entities should create significant added value inputs we heard from the stakeholders. Data
through business scale optimization, portfolio
diversification, and strengthening the Company’s Funding Activities
competitive position. Adira Finance consistently maintains adequate
liquidity to support the distribution of new financing
Later in the year, on November 7, 2025, the to customers and meet all financial obligations
Company also completed the acquisition and of the Company in a timely manner. In managing
portfolio transfer of PT Arthaasia Finance, resulting funding, the Company actively diversifies its funding
in the Company having larger assets, a broader sources to achieve an optimal and competitive
customer base, more business partners, and a funding cost structure. Funding is obtained through
more extensive business network. This initiative ongoing support from joint financing with its
is expected to further strengthen the Company’s Parent Company, Bank Danamon, as well as external
market share, particularly in vehicle financing funding through domestic and foreign bank loans,
activities, and support sustainable business growth. and the issuance of bonds and sukuk.
Furthermore, Adira Finance continued to strengthen This diversification of funding sources enhances
its collaboration strategy within the MUFG Group Adira Finance’s flexibility in optimizing its funding
ecosystem to create cross-selling opportunities, mix in response to evolving market conditions,
optimize cost efficiency, and expand access to while preserving cost efficiency and strengthening
funding. We expect this long-term collaboration the Company’s liquidity resilience. All foreign
to be a source of sustainable growth and reinforce currency loan facilities are managed prudently and
Adira Finance’s position as a competitive, adaptive, consistently through the implementation of hedging
and trusted financing company in Indonesia. strategies to mitigate exchange rate risk and interest
rate volatility.
In risk management, we directed our policy towards
strengthening asset quality through more selective By the end of December 2025, joint financing
financing, early intervention, and more data-driven represented 41% of total managed receivables.
portfolio management. The Board of Directors Meanwhile, Adira Finance’s total borrowings in 2025
emphasized that the dynamics of asset quality during experienced a slight decrease of 1% year-on-year
this period were driven more by macroeconomic (yoy) to IDR20.1 trillion. The funding mix remains
conditions than by structural factors, making the balanced, with bank loans as well as bonds & sukuk
strengthening of internal processes and disciplined contributing 49% and 51%, respectively, resulting in a
risk management the top priorities. stable gearing ratio of 1.4x.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 47
Page 50
To strengthen liquidity and support medium- and Amidst still-challenging industry conditions, Adira
long-term funding needs, Adira Finance actively Finance successfully recorded solid financing
utilizes the capital market as a funding source. performance. The Company’s total new financing
During 2025, the Company issued three bonds and disbursed reached IDR43.2 trillion, an 18% increase
sukuk: (1) in February 2025, through the issuance compared to the previous year. This growth
of Adira Finance Continuing Bonds VI Phase V Year was driven by positive performance in both the
2025, with a value of IDR2.1 trillion; (2) in July 2025, automotive and non-automotive segments, which
through the issuance of Adira Finance Continuing recorded growth of 12% and 37%, respectively.
Bonds VII Phase I Year 2025 and Adira Finance
Continuing Mudharabah Bonds VI Phase I Year In terms of market share, Adira Finance successfully
2025, with a total value of IDR1.5 trillion; and (3) in increased its motorcycle financing market share to
October 2025, through the issuance of Adira Finance 10%, reflecting the Company’s strong competitive
Continuing Bonds VII Phase II Year 2025 and Adira position in this segment. Meanwhile, its car financing
Finance Continuing Mudharabah Bonds VI Phase II market share remained relatively stable at 4.1%,
Year 2025, with a total value of IDR2.35 trillion. amidst continued pressure on the four-wheeled
vehicle market.
All of these issuances garnered a highly
positive response from investors, as reflected in In line with its diversification strategy, the
oversubscription levels of 2.3 times, 3.7 times, and 6.7 contribution of non-automotive financing to total
times, respectively. This performance underscores new financing increased to 30% from 27%. It was
the strong level of trust and credibility that quite an impressive growth that was primarily
Adira Finance continues to command within the driven by multipurpose financing (Solusi Dana),
investment community. which contributed approximately 95% of total non-
automotive financing. The contribution of Solusi
Adira Finance successfully maintained the highest Dana product to the Company’s total financing also
national and international investment ratings: continues to show a gradual upward trend year over
idAAA/stable from Pefindo and BBB from Fitch year, rising from 25% in the previous period to 29%
Ratings. Furthermore, Moody’s maintained its Baa1/ in 2025, reflecting the Company’s effective measure
stable rating at the end of 2025, which is higher than in developing a more diversified and sustainable
Indonesia’s national rating. This is driven by strong financing portfolio.
shareholder support, business synergies with Bank
Danamon and the MUFG group, and its strong capital In terms of financing schemes, conventional
structure, profitability, asset quality, and liquidity. financing remains the primary contributor,
accounting for 73% of total new financing, while
New Financing Distribution sharia financing accounts for 23%. This increase
in sharia financing contribution compared to 21%
In line with these dynamics, Adira Finance adjusted in 2024 reflects the growing demand for sharia
its financing disbursement strategy by prioritizing financing solutions and the Company’s commitment
portfolio diversification. In addition to optimizing to developing an inclusive financing portfolio.
opportunities in the promising automotive
segment, the Company was driving the growth of This increase in sharia financing contributions also
non-automotive financing, particularly through confirms Adira Finance’s position as a provider of
multipurpose financing products (Solusi Dana). This comprehensive financing solutions, with a variety
diversification was elected to maintain balanced of products, brands, and financing schemes tailored
growth, expand the financing base, and respond to customer needs and preferences. Through this
to increasingly diverse consumer needs amidst approach, the Company strives to reach a broader
challenging economic conditions. market segment and provide sustainable added
value for all stakeholders.
48 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Geographically, Adira Finance’s new financing The increase in the non-automotive segment’s
Performance
disbursements throughout 2025 were dominated contribution was primarily driven by multipurpose Highlights
by areas outside Java, accounting for 55% of total financing (Solusi Dana), which accounted for 21% of
new financing. This reflects the strength of the total financing receivables, up from 17% the previous
Opening
Company’s extensive network and the strategic role year. This trend reflects the Company’s success
of non-Java regions as drivers of financing growth, in expanding its financing portfolio in a balanced
in line with the continued solid financing needs in manner and strengthening more diversified and Corporate
Profile
various regions. sustainable sources of growth.
To support the growth of new financing Sustainable Financing Management
Discussion
and Analysis
disbursement, Adira Finance continues to optimize In 2025, Adira Finance reaffirmed its commitment
the use of digital channels and physical networks as to supporting the sustainable achievement of
part of its customer acquisition and service strategy. the Sustainable Development Goals (SDGs) by
Corporate
Governance
Throughout 2025, the Company will continue to integrating sustainable finance principles into
enhance the utilization of various digital platforms, the Company’s strategy and operations. In its
Environmental
including Adiraku and momobil.id, momotor.id, and implementation, Adira Finance refers to the and Social
Responsibility
Danadira, to expand service access and improve Sustainability Accounting Standards Board (SASB)
the efficiency of the customer acquisition process. framework for the consumer finance industry as
Supporting
Furthermore, by the end of December 2025, Adira a guide in identifying, managing, and disclosing Data
Finance had a total of 877 business networks, material sustainability risks and opportunities. The
a significant increase following the merger established Sustainable Finance Action Plan (RAKB)
with Mandala Finance. This network expansion serves as the primary foundation for mainstreaming
strengthens the Company’s penetration, particularly Environmental, Social, and Governance (ESG) aspects
in Eastern Indonesia, and expands its service reach into business decision-making, risk management,
to previously underserved segments and regions. and product and service development.
This combination of digital channels and a strong
physical network provides a crucial foundation for Adira Finance actively disburses electric vehicle
supporting sustainable new financing growth. (EV) financing as a concrete implementation of
this commitment for both the car and motorcycle
Financing Receivables segments. Adira Finance also forges strategic
Throughout 2025, Adira Finance’s financing partnerships with various electric vehicle
receivables totaled IDR63.4 trillion, a 13% increase manufacturers and distributors in Indonesia
from the previous year. This increase is in line with to expand access to financing, encourage the
the recovery in new financing disbursements and adoption of environmentally friendly vehicles, and
improvements in credit costs that began to be seen anticipate the growth of the EV ecosystem in the
in the second half of 2025, reflecting increasingly medium and long term. This initiative not only
controlled financing portfolio management amidst supports the transition to a low-carbon economy
challenging economic conditions. but also aligns with Adira Finance’s financing
portfolio diversification strategy and strengthens
In terms of financing structure, approximately 41% its competitive position in the national sustainable
of total financing receivables are joint financing. finance landscape.
Meanwhile, the automotive segment continues to
dominate financing receivables, accounting for 78%. Electric vehicle financing recorded significant
However, in line with the Company’s diversification growth throughout 2025, with total financing
strategy, the contribution of non-automotive reaching IDR748 billion, up from the previous year.
financing receivables increased to 22% from 18%
previously.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 49
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This growth was primarily driven by electric car However, in line with the Company’s integration
financing, in line with the growing variety of electric phase, net income decreased to IDR1.5 trillion. This
car brands and models available in the market, decrease in net income was primarily due to transition
including models at more affordable price points. investments and organizational consolidation.
The 7% increase in operating expenses reflects
Financial Performance Achievements Vs. Stated efforts to align operations and governance to ensure
Targets effective synergies. These measures were taken to
Throughout 2025, Adira Finance recorded positive strengthen the Company’s business foundation
operational performance growth, reflected in and support its sustainable, long-term growth.
increased new financing disbursements and asset Consequently, Return on Assets (ROA) and Return
growth. This achievement was also supported by on Equity (ROE) are 5.3% and 11.3%, respectively, in
the Company’s strategic move, namely the official 2025.
merger with Mandala Finance on October 1, 2025,
which consolidated Mandala Finance’s performance Meanwhile, the Company’s asset quality remains
into Adira Finance’s performance as the surviving well maintained, as reflected in the decline in
entity. the Non-Performing Financing (NPF) ratio to
2.0% in 2025, compared to 2.2% the previous
New financing disbursed by the Company reached year. This improvement reflects effective credit
IDR43.2 trillion, an 18% increase compared to the risk management and the strengthening of the
previous year. In line with this increase, managed financing portfolio quality amidst still-challenging
receivables also grew by 13% to IDR63.4 trillion, industry conditions.
compared to IDR56.0 trillion at the end of 2024
(before the merger). This growth reflects more stable
portfolio management.
The Company’s total revenue increased to IDR12.1
trillion, a 3% increase from the previous year, in
line with growth in assets and business activities.
Supported by higher revenue and lower interest
expense, the net interest margin increased 5.3%
(yoy) to IDR8.6 trillion. Meanwhile, the provision for
impairment losses remained manageable amid asset
and revenue growth, remaining relatively stable at
around IDR2.6 trillion, a 1% year-on-year increase.
2025 2025
Description Unit
Target Realization
New Financing in trillion rupiah 12%-14% IDR43.2 trillion
Managed Recievables in trillion rupiah 5%-7% IDR63.4 trillion
Net Income in trillion rupiah Referring to the growth in managed IDR1.5 trillion
receivables, financing costs and
operating expenses
NPF % of Managed Receivables ±2.25% 2.0%
New Car Market Share % of Domestic Sales of New Cars ±4% 4.1%
New Motorcycle Market % of Domestic Sales of New ±9% 10.0%
Share Motorcycles
50 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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BUSINESS PROSPECTS FOR 2026 will strengthen business scale, improve operational
Performance
Entering 2026, Adira Finance views the business efficiency, and expand market access, particularly Highlights
outlook with measured optimism amid ongoing in regions with significant growth potential. Going
challenging global and domestic economic forward, the Company also views this integration
Opening
dynamics. While we do expect persistent pressure process as part of its organizational learning journey.
on consumer purchasing power and market The experience we gained from the merger should
volatility, we also believe that the stronger business strengthen the Company’s ability to navigate the Corporate
Profile
foundations we laid throughout 2025 have better industry as consolidation therein intensifies.
positioned Adira Finance to seize sustainable growth
opportunities as they emerge. Our primary focus will In terms of funding and liquidity, Adira Finance Management
Discussion
and Analysis
be on maintaining a balance between financing projects solid conditions in 2026. The strategy of
expansion and prudent risk management, as well as diversifying funding sources through joint financing,
building a more balanced and diversified financing bank loans, and bond and sukuk issuance will
Corporate
Governance
portfolio to support long-term performance continue to maintain financial flexibility. With a
resilience. healthy funding structure and optimal cost of funds
Environmental
management, Adira Finance has sufficient room and Social
Responsibility
From an industry perspective, Adira Finance to support selective financing expansion while
estimates that the automotive financing market maintaining prudent financial ratios.
Supporting
in 2026 will remain highly competitive across both Data
the two-wheeler and four-wheeler segments. Furthermore, accelerated digitalization and
Notwithstanding these dynamics, we have strengthened human resource capabilities will
identified opportunities for more selective growth, be key enablers of long-term growth. The use of
particularly within bankable customer segments digital technology will continue to be optimized
with a well-managed risk profile. Synergy with Bank to improve process efficiency, accelerate services,
Danamon and entities within the group’s ecosystem and strengthen data-driven decision-making.
is expected to further enhance our penetration in Supported by employee competency development
the automotive segment through integrated and and strengthened corporate governance, Adira
competitively structured financing schemes. Finance is optimistic about implementing its
sustainable growth strategy, creating added value
In line with this, strengthening the non-automotive for shareholders, and making a positive contribution
portfolio will remain a key growth pillar in 2026. to the national financing industry throughout 2026
Adira Finance is committed to playing a larger role in and beyond.
non-automotive segments, including multipurpose
financing, MSMEs, and other prospective segments, HUMAN RESOURCE MANAGEMENT
to create a more balanced portfolio structure. Throughout 2025, Adira Finance’s Human Resources
This diversification is expected to strengthen the (HR) strategy and management were directed
Company’s performance resilience amidst the towards addressing the needs and challenges of
cyclical fluctuations of the automotive industry, business development, both current and future.
while also unlocking new, more resilient sources of The Company kept ensuring that its HR possesses
growth. the competence, expertise, commitment, and
ability to adapt to change, while upholding the
The merger process with Mandala Finance, which has Company’s culture. Following the merger with
entered the consolidation phase, is also a significant Mandala Finance, the Company was also focusing
catalyst for the Company’s future prospects. In on an effective organizational integration process,
2026, our focus will be on optimizing post-merger including appropriate HR structure and placement,
synergy by integrating business models, leveraging HR policy alignment, cultural internalization,
a broader network, and aligning processes and and comprehensive talent identification and
policies. We are convinced that the combined management.
strengths of Adira Finance and Mandala Finance
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 51
Page 54
To support this agenda, the 2025 HR management and resilience of information technology systems.
policy was focused on organizational strengthening, Adira Finance consistently drives changes to its
increased productivity, enhanced leadership, work processes to be more agile, adaptive, and
employee relationship development, cultural aligned with the dynamics of the increasingly digital
development, enhanced digital capabilities, and financing industry.
the enhanced role of change management. In
line with these efforts, Adira Finance was driving In terms of customer service, Adira Finance
technological and cultural transformation and continues to develop digital solutions that facilitate
accelerating business support functions to sustain access to financing and services. One example
healthy growth. This approach ensured the is DanaDira, an application available to existing
Company remained adaptive and innovative in the customers that supports a fast, flexible financing
face of changing dynamics and could generate new application process. Furthermore, strengthening
solutions and initiatives amid challenging economic digital channels through the Adiraku application
and industrial conditions. and developing applications for dealers and business
partners are part of the effort to build an integrated
Adira Finance’s human resource development digital ecosystem. Adira Finance also continues to
ran comprehensively through the intellectual (IQ), digitalize its business environment and ecosystem to
emotional (EQ), and spiritual (SQ) aspects realized improve business efficiency and effectiveness, and is
through development programs. These programs investing in digital businesses, including momobil.id
enhanced competencies according to the demands and momotor.id, moservice.id, and dicicilaja.com.
of each position level and function while supporting
the Company’s business transformation and To maintain system reliability and security, Adira
development agenda. As part of the MUFG Group, Finance is strengthening its information technology
Adira Finance also worked with companies within infrastructure and comprehensive IT governance.
the MUFG Group Indonesia ecosystem through Various initiatives have been undertaken, including
various initiatives, including sharing sessions, system and device upgrades, strengthening data
benchmarking, training classes, and mentoring centers and disaster recovery, and implementing
programs. international standards in information technology
security and services. Adira Finance is also enhancing
Entering 2026, the Company faces increasingly cyber risk management by strengthening its 24-
complex business challenges, ranging from the still- hour Security Operations Center, implementing the
pressured automotive industry, slowing consumer latest security technologies, and enhancing data
purchasing power, increasingly aggressive governance and access controls. These measures
competition, and demands for cost efficiency. Along aim to ensure service continuity, data protection, and
with this, HR management challenges also increase, stakeholder trust amidst increasing cyber threats.
particularly related to the increase in the number
of employees post-merger, the need for increased Following the merger with Mandala Finance, Adira
productivity, organizational transformation, and the Finance prioritized planned and phased information
integration of diverse work systems and cultures. technology integration. The primary focus was on
To address these challenges, we have established aligning IT governance, security, and infrastructure
a focus, a strategy, and a series of priority programs standards, as well as carefully migrating branch
to improve productivity, talent readiness, cost systems and networks to avoid disrupting operations
efficiency, and strengthen corporate culture. and customer service. Through careful planning,
repeated testing, and cross-functional coordination,
INFORMATION TECHNOLOGY UTILIZATION the post-merger IT integration process proceeded
Adira Finance positions the utilization of information relatively smoothly throughout 2025. Going forward,
technology as a key pillar in supporting the Adira Finance will continue re-engineering its core
Company’s growth and business transformation systems, strengthening the use of data and artificial
strategy. In line with the five strategic pillars intelligence, and developing IT human resource
established by management, digital transformation capabilities as the foundation for sustainable digital
aims to strengthen customer focus, improve transformation.
operational efficiency, and ensure the reliability
52 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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PROGRESS MADE IN CORPORATE accordance with their respective mandates. The
Performance
GOVERNANCE PRACTICE existence of these committees plays a crucial role in Highlights
Good Corporate Governance (GCG), or more strengthening the quality of the Board of Directors’
commonly referred to today as corporate governance, decision-making, particularly in addressing the
Opening
is a series of mechanisms or systems that direct and dynamics of the financing industry and the post-
control the Company to ensure it meets stakeholder merger integration process.
expectations, aligns with applicable laws and Corporate
Profile
regulations, and adheres to universally accepted Risk Management Committee
business ethics and the corporate values upheld
In 2025, the Risk Management Committee conducted
by all “Sahabat Gardira”. This mechanism or system a comprehensive review of all operational policies Management
Discussion
and Analysis
influences the establishment and achievement of and the Company’s performance, considering
Company objectives, the monitoring and assessment risks across the board, including credit, liquidity,
of business risks, the maximization of performance operational, and strategic risks. Throughout 2025,
Corporate
Governance
improvement efforts, and the establishment and this committee played a role in ensuring the
development of a work culture within the Company. implementation of a risk management framework
Environmental
aligned with the Company’s business strategy, and Social
Responsibility
For Adira Finance, GCG implementation is not including strengthening prudential policies,
merely an obligation but a necessity to maintain continuous monitoring of asset quality, and risk
Supporting
transparency and accountability in Company management readiness to address economic Data
management to the public. Consistent and volatility and post-merger challenges.
continuous development of GCG in line with best
practices not only encourages the Company to Credit Committee
provide a control system that ensures accountability The Credit Committee’s role is to evaluate and
commensurate with the business risks faced, but improve processes related to financing provision.
also provides adequate protection and fair treatment This includes simplifying and digitizing the credit
to shareholders and other stakeholders through approval process while implementing appropriate
maximum shareholder value enhancement. safeguards to mitigate fraud risk and maintain strong
loan quality across all financing segments. In 2025,
The concrete implementation of GCG within the Credit Committee contributed to maintaining a
Adira Finance was evident in the Company’s self- balance between efforts to restore financing growth
assessment of GCG, which resulted in a rating of 1 and credit risk management, particularly amidst
(one). The assessment was based on the Financial economic pressures and post-merger strategic
Soundness Level of Financing Companies, which adjustments.
aligns with the guidelines of the Financial Services
Authority (OJK). Meanwhile, the Company’s ASEAN ALCO Committee
Corporate Governance Scorecard assessment, The ALCO Committee is responsible for proactively
obtained by the Indonesian Institute for Corporate managing the Company’s exposure to asset and
Directorship (IICD), an independent third party, liability risks within established tolerance limits.
placed Adira’s GCG practices in the “Very Good” Throughout 2025, the ALCO held regular meetings
category, with a weighted overall score of 95.84. to assess and discuss the Company’s assets and
liabilities. The ALCO Committee made various
ASSESSMENT OF OUR SUPPORTING decisions to ensure adequate liquidity management
COMMITTEES and an effective funding diversification strategy
Throughout 2025, the committees under the Board within the Company and provided input regarding
of Directors, consisting of the Risk Management financing interest rates. The ALCO Committee’s role
Committee, the Credit Committee, the Asset and became increasingly strategic in ensuring adequate
Liability Committee (ALCO), and the Information liquidity availability to support financial stability and
Technology Steering Committee, effectively sustainable business growth.
carried out their functions and responsibilities in
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 53
Page 56
Information Technology Steering Committee Meanwhile, the Adira Peduli pillar demonstrates
The Information Technology Steering Committee the Company’s commitment to providing direct
oversees and controls the implementation of assistance to communities affected by natural
information technology to ensure alignment with disasters and to improving the quality of life of
the Company’s business strategy. The Committee communities surrounding its operational areas.
ensures that digital transformation initiatives, Adira Finance responds quickly and actively to
cybersecurity enhancements, and post-merger various emergencies in Indonesia, including natural
system integration with Mandala Finance run as and environmental disasters, by distributing aid
expected and adhere to governance standards. tailored to the needs of victims in each location.
Throughout 2025, this committee played a critical This assistance includes basic food packages, daily
role in maintaining system reliability, mitigating necessities, and other forms of support relevant to
technological risks, and supporting smooth the conditions on the ground.
operations and customer service.
Through the Adira Finance CSR Partners pillar,
SUSTAINABLE SOCIAL AND ENVIRONMENTAL the Company consistently carries out various CSR
RESPONSIBILITY activities in the health sector each year. These
Adira Finance is committed to continuously activities encompass preventive and promotive
improving the social and environmental quality of approaches, as well as providing health assistance
communities through its Social and Environmental to underprivileged communities. The assistance
Responsibility (TJSL) program. In carrying out this provided includes financing for medical treatment,
commitment, the Company consistently collaborates surgeries, health check-ups, free medication, and
with various stakeholders to ensure that each other support tailored to the community’s needs.
program is targeted, measurable, and has a tangible The CSR Partner Program also collaborates with
impact on the community across environmental, Increso, a social association comprising all Adira
social, and economic aspects. Finance employees. Increso is located in all Adira
Finance branch offices, providing a platform for
Adira Finance’s TJSL implementation in the area of employees to actively participate and contribute
social community development is based on three positively beyond the Company’s business activities.
main pillars: Sahabat Lokal, Adira Peduli, and Adira In addition to healthcare activities, Adira Finance,
Finance CSR Partners. All programs are designed along with its social partners, also runs educational
to involve customers, business partners, and programs, including providing scholarships for
employees, demonstrating the active participation employees’ children who excel academically at
of the Company’s entire ecosystem in creating university.
sustainable social value.
Furthermore, as a company in the financial services
The Sahabat Lokal pillar represents Adira industry, Adira Finance recognizes the importance
Finance’s contribution to community economic of education in improving financial literacy.
empowerment and to improving the quality of life at Throughout 2025, the Company continued to
the community level. Throughout 2025, this program implement financial literacy programs for women,
was implemented through the Festival Pasar Rakyat housewives, MSMEs, and students. In implementing
(FPR), a Corporate Social Responsibility (CSR) these programs, the Company collaborated with
initiative. The 2025 FPR presents revitalization efforts Certified Financial Planner (CFP) partners to
that touch many aspects of market life, such as ensure the educational materials delivered were
improving public facilities, promoting cleaner market of sufficient quality, capability, and relevance to
environments, adding supporting facilities to create help the community better manage and plan their
a more beautiful and attractive market atmosphere, finances.
providing assistance with halal certification for
traders, and providing sharia financial literacy and
market digitalization literacy for traders.
54 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Management
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On the environmental front, Adira Finance is firmly The following is the composition of the Adira Finance
Performance
committed to minimizing the environmental impact Board of Directors as of December 31st, 2025: Highlights
of its operations. Although the Company’s business President Director : I Dewa Made Susila
activities do not have a significant direct impact Director : Swandajani Gunadi
Opening
on the environment, the Company consistently Director : Niko Kurniawan Bonggowarsito
implements best practices through various policies Director : Harry Latif *)
and initiatives that support efficient use of resources, Director : Denny Riza Farib Corporate
Profile
such as water consumption management, paper Director : Sigit Hendra Gunawan
reduction, and energy management across all Director : Sylvanus Gani Kukuh Mendrofa
operational areas. These efforts are part of the Director : Ricky Gunawan Management
Discussion
and Analysis
Company’s commitment to supporting long-term
*) Has submitted his resignation from his position as Director of
environmental sustainability.
the Company on October 31, 2025 Corporate
Governance
CHANGES TO THE COMPOSITION OF THE
BOARD OF DIRECTORS APPRECIATION & CLOSING
Environmental
The composition of the Board of Directors of In closing, allow us as the Company’s Board of and Social
Responsibility
Adira Finance was changed in 2025. Pursuant to Directors to express our s highest appreciation to the
the resolution of the Annual General Meeting of shareholders, Board of Commissioners, regulators,
Supporting
Shareholders held on March 25th, 2025, shareholders business partners, and all other stakeholders for Data
approved the appointment of Ricky Gunawan their continued trust, support, and cooperation
as Director of the Company, effective upon his in Adira Finance. We extend our gratitude to all of
successful completion of the Fit and Proper Test our employees (Sahabat Gardira) for their shown
administered by Otoritas Jasa Keuangan. dedication, professionalism, and a strong spirit of
collaboration, particularly in navigating industry
dynamics and the post-merger integration process
throughout 2025.
With a solid organizational foundation, a focused
strategy, and the support of a strong group
ecosystem, we are optimistic that Adira Finance is
ready to enter 2026 with greater confidence. We
will continue to work to build on Adira Finance’s
capabilities, improve service quality, and develop
relevant innovations to create sustainable growth,
while making a positive contribution to the nation’s
economy and the welfare of the Indonesian people.
Jakarta, March 13, 2026
I Dewa Made Susila
President Director
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 55
Page 58
BOARD OF
DIRECTORS
Ricky Gunawan Niko Kurniawan Bonggowarsito I Dewa Made Susila
Director Director President Director
Page 59
Swandajani Gunadi Sylvanus Gani Kukuh Mendrofa Denny Riza Farib Sigit Hendra Gunawan
Director Director Director Director
Page 60
STATEMENT OF
THE BOARD OF COMMISSIONERS [SEOJK E.1][GRI 2-14]
We, the undersigned, testify that all information contained in the 2025 Annual Report of PT Adira Dinamika
Multi Finance Tbk has been presented completely. We assume full responsibility for the content accuracy of
the Company’s 2025 Annual Report.
This statement is hereby made in all truthfulness.
Jakarta, March 13, 2026
THE BOARD OF COMMISSIONERS
Daisuke Ejima
President Commissioner
Krisna Wijaya Manggi Taruna Habir
Independent Commissioner Independent Commissioner
Congsin Congcar Honggo Widjojo Kangmasto
Commissioner Commissioner
58 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 61
Management
Report
STATEMENT OF Performance
Highlights
THE BOARD OF DIRECTORS [SEOJK E.1][GRI 2-14]
Opening
We, the undersigned, testify that all information contained in the 2025 Annual Report of PT Adira Dinamika
Multi Finance Tbk has been presented completely. We assume full responsibility for the content accuracy of Corporate
Profile
the Company’s 2025 Annual Report.
This statement is hereby made in all truthfulness. Management
Discussion
and Analysis
Jakarta, March 13, 2026
Corporate
Governance
Environmental
and Social
Responsibility
THE BOARD OF DIRECTORS
Supporting
Data
I Dewa Made Susila
President Director
Swandajani Gunadi Niko Kurniawan Bonggowarsito Denny Riza Farib
Director Director Director
Sylvanus Gani K. Mendrofa Sigit Hendra Gunawan Ricky Gunawan
Director Director Director
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 59
Page 62
Page 63
02 CORPORATE PROFILE
Page 64
Table of Contents Corporate Identity 59 Adira Finance at A Glance 60 Milestones 64 Line of Business 66 List of Membership in Association 67 Organizational Structure Adira Finance 68 Vision and Mission 70 Business Strategy in 2025 72 Adira Finance in Number 72 Brand and Logo 73 Brand Personality 73 Board of Commissioners Profile 74 Audit Committee Profile 80 Risk Monitoring Committee Profile 83 Nomination and Remuneration Committee Profile 86 Corporate Governance Committee Profile 89 Board of Directors Profile 91 Sharia Supervisory Board Profile 99 Senior Officers Profile 102 Changes In The Composition of Members of The Board of 122 Commissioners And Board of Directors Total Number and Data on Employee Competency 123 Development Shareholders Composition 125 Chronology of Stock Listing 127 Chronology of Other Securities Listing 130 Shareholder of Affiliates, Subsidiaries, Associates and Joint 132 Ventures Group Structure 133 Public Accounting Services and Public Accounting Firm 134 Name and Address of Supporting Institutions and/or 135 Professionals Corporate Website Information 136 Management Education and Training 137
Page 65
Corporate
Profile
CORPORATE IDENTITY Performance
Highlights
GENERAL INFORMATION OF THE COMPANY [SEOJK C.3][ SEOJK C.4][GRI 2-1][GRI 2-3]
Opening
Management
Report
Name of the Company Stock and Composition of Shareholders 2025 Full Address [SEOJK C.2]
PT Adira Dinamika Multi Bond Code • PT Bank Danamon Indonesia Tbk 74.50% Millennium Centennial Center Management
Discussion
Finance Tbk ADMF • MUFG Bank, LTD 18.93% 53rd, 56th-61st Floor and Analysis
• PT Adira Dinamika Multi Finance Tbk (Treasury Jalan Jenderal Sudirman Kav. 25
Shares) 0.79% South Jakarta 12920 Indonesia
• PT Zurich Asuransi Indonesia Tbk 0.34% Phone : (62-21) 3973-3322/3232 Corporate
• Public 5.44% Fax : (62-21) 3973-4949 Governance
E-mail: af.corsec@adira.co.id
Website : www.adira.co.id
Environmental
and Social
Responsibility
Establishment Date Line of Business Stock Exchange Name Change Information
November 13, 1990 Consumer Financing Indonesia Stock Exchange Until the end of 2025, there had been
and Sharia Financing as no changes to the company’s name.
Supporting
Data
Sharia Business Unit
Legal Basis of Establishment Issued and Fully Paid Capital ISIN Code
Deed of Establishment No. 131 dated November 13, 1,235,803,109 shares or IDR 123,580 IDA0000930D4
1990, made before Misahardi Wilamarta, S.H, Notary billion
in Jakarta, and approved by the Minister of Justice
of the Republic of Indonesia based on the Decree
No. C2-19.HT.01.01.TH.91 dated January 8, 1991, and
was registered at the Registrar’s Office at the South
Jakarta District Court under No. 34/Not.1991/PN.JKT. Authorized Capital Stock Listing
SEL on January 14, 1991, and announced in the 4,000,000,000 shares or equal to March 31, 2004
Supplement No. 421 State Gazette of the Republic of IDR400 billion
Indonesia No. 12 dated February 8, 1991.
Corporate Bond and Mudharabah Bonds Code
Issuer
No Bond ID Bond Name Series Due Date Rating
Code
1. ADMF05CCN3 Adira Finance Continuing Bond V Phase III C ADMF March 22, 2027 idAAA
2. ADMF06BCN1 Adira Finance Continuing Bond VI Phase I B ADMF July 7, 2026 idAAA
3. ADMF06CCN1 Adira Finance Continuing Bond VI Phase I C ADMF July 7, 2028 idAAA
4. ADMF06BCN2 Adira Finance Continuing Bond VI Phase II B ADMF November 9, 2026 idAAA
5. ADMF06CCN2 Adira Finance Continuing Bond VI Phase II C ADMF November 9, 2028 idAAA
6. ADMF06BCN3 Adira Finance Continuing Bond VI Phase III B ADMF May 3, 2027 idAAA
7. ADMF06CCN3 Adira Finance Continuing Bond VI Phase III C ADMF May 3, 2029 idAAA
8. ADMF06BCN4 Adira Finance Continuing Bond VI Phase IV B ADMF October 10, 2027 idAAA
9. ADMF06CCN4 Adira Finance Continuing Bond VI Phase IV C ADMF October 10, 2029 idAAA
10. ADMF06ACN5 Adira Finance Continuing Bond VI Phase V A ADMF February 24, 2026 idAAA
11. ADMF06BCN5 Adira Finance Continuing Bond VI Phase V B ADMF February 14, 2028 idAAA
12. ADMF06CCN5 Adira Finance Continuing Bond VI Phase V C ADMF February 14, 2030 idAAA
13. ADMF07ACN1 Adira Finance Continuing Bond VII Phase I A ADMF July 18, 2026 idAAA
14. ADMF07BCN1 Adira Finance Continuing Bond VII Phase I B ADMF July 8, 2028 idAAA
15. ADMF07CCN1 Adira Finance Continuing Bond VII Phase I C ADMF July 8, 2030 idAAA
16. ADMF07ACN2 Adira Finance Continuing Bond VII Phase II A ADMF October 31, 2026 idAAA
17. ADMF07BCN2 Adira Finance Continuing Bond VII Phase II B ADMF October 21, 2028 idAAA
18. SMADMF04CCN3 Adira Finance Continuing Mudharabah Bonds IV Phase III C ADMF March 22, 2027 idAAA(sy)
19. SMADMF05BCN1 Adira Finance Continuing Mudharabah Bonds V Phase I B ADMF July 7, 2026 idAAA(sy)
20. SMADMF05CCN1 Adira Finance Continuing Mudharabah Bonds V Phase I C ADMF July 7, 2028 idAAA(sy)
21. SMADMF05BCN2 Adira Finance Continuing Mudharabah Bonds V Phase II B ADMF November 9, 2026 idAAA(sy)
22. SMADMF05CCN2 Adira Finance Continuing Mudharabah Bonds V Phase II C ADMF November 9, 2028 idAAA(sy)
23. SMADMF05BCN3 Adira Finance Continuing Mudharabah Bonds V Phase III B ADMF May 3, 2027 idAAA(sy)
24. SMADMF05CCN3 Adira Finance Continuing Mudharabah Bonds V Phase III C ADMF May 3, 2029 idAAA(sy)
25. SMADMF06ACN1 Adira Finance Continuing Mudharabah Bonds VI Phase I A ADMF July 18, 2026 idAAA(sy)
26. SMADMF06BCN1 Adira Finance Continuing Mudharabah Bonds VI Phase I B ADMF July 8, 2028 idAAA(sy)
27. SMADMF06CCN1 Adira Finance Continuing Mudharabah Bonds VI Phase I C ADMF July 8, 2030 idAAA(sy)
28. SMADMF06ACN2 Adira Finance Continuing Mudharabah Bonds VI Phase II A ADMF October 31, 2026 idAAA(sy)
29. SMADMF06BCN2 Adira Finance Continuing Mudharabah Bonds VI Phase II B ADMF October 21, 2028 idAAA(sy)
30. SMMFIN01BCN3 Adira Finance Continuing Mudharabah Bonds I Phase III B MFIN June 22, 2026 idA(sy)
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 63
Page 66
Page 67
AT AADIRA
GLANCE
FINANCE
PT Adira Dinamika Multi Finance Tbk, or Adira Finance,
was founded in 1990 and began operations in 1991. Since its
inception, Adira Finance has been committed to becoming a
leading financing company, serving a wide range of brands
and products. The company provides financial solutions
tailored to customers’ lifecycles, ranging from new and used
motor vehicles, electric vehicles, heavy equipment, Umrah
financing, to SolusiDana (Fund Solutions) secured by BPKB
(Vehicle Ownership Certificate).
In 2004, Adira Finance conducted a public offering of shares,
and PT Bank Danamon Indonesia Tbk (Bank Danamon) is
the majority shareholder with 75%. With this, Adira Finance is
confident that it will further expand its business and achieve
business opportunities in the country.
In connection with the Company’s Public Offering of Shares
in 2004, the Company received an effective statement
from the Chairman of Bapepam through Letter No. S-657/
PM/2004 dated March 23, 2004, to conduct a Public Offering
of 100,000,000 (one hundred million) shares with a nominal
value of IDR100 (one hundred Rupiah) per share, which were
shares owned by the Company’s shareholders at that time
(divested shares). On March 31, 2004, all of the Company’s
shares were listed on the Indonesia Stock Exchange
(formerly the Jakarta Stock Exchange and the Surabaya
Stock Exchange).
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 65
Page 68
Furthermore, in the same year, Bank Danamon through various financing products, including
took over the Company through a direct placement automotive (motorcycles, cars, and electric vehicles),
mechanism of 750,000,000 shares in the Company SolusiDana, sharia financing, heavy equipment, and
or equivalent to 75% of the total shares issued by other financing.
the Company based on the Conditional Sale and
Purchase Agreement (CSPA) between Theodore To seize opportunities and meet market demands,
Permadi Rachmat and Stanley Setia Atmadja as the the Company continues digital transformation
seller and Bank Danamon as the buyer on January throughout its organization and ecosystem by
26, 2004. developing digitalization and automation processes
in various business activities. In addition, the
In 2009, Bank Danamon increased its ownership of Company also continues to invest in the financing
the Company to 95% by exercising its call option to business through various digital platforms, such
acquire 20% of the shares from Mega Value Profits as Adiraku, Danadira, momobil.id, momotor.id,
Limited. Subsequently, in early 2016, Bank Danamon and dicicilaja.com. This step aims to simplify the
released 29.2 million shares, equivalent to 2.92% of financing process and provide alternatives for
its shareholding, bringing Bank Danamon to 92.07% acquiring new financing and reaching consumers,
ownership of Adira Finance during that period. both existing and new.
As part of strengthening the consolidation of In terms of ratings, throughout 2025, Adira Finance
financing businesses within the MUFG Group, the successfully maintained its domestic rating with
merger of Mandala Finance into Adira Finance an idAAA/Stable rating from the domestic rating
became effective on October 1, 2025. This strategic agency (Pefindo). Furthermore, the Company
move reflects the MUFG Group’s commitment to maintained its international rating of BBB from the
optimizing business synergies and enhancing the international rating agency Fitch Ratings and its
capabilities and competitiveness of Adira Finance Baa1/Stable rating from Moody’s. Maintaining these
as one of Indonesia’s leading financing companies. ratings will positively impact investor confidence
Following the merger, Bank Danamon’s ownership in Adira Finance. Furthermore, these ratings are
as the controlling shareholder in Adira Finance expected to facilitate the Company’s access to more
became 74.5%, while MUFG Bank, Ltd. became a new competitive and optimal funding, both domestically
controlling shareholder with an 18.93% ownership and internationally.
stake. With this ownership structure, Adira Finance
operates as a subsidiary of Bank Danamon and MUFG Following after the merger with Mandala Finance,
Bank and forms part of the MUFG Group, one of the Adira Finance further strengthened its business
world’s largest banking groups with an extensive scale and operational reach throughout Indonesia.
global network and long-standing experience in the By December 2025, Adira Finance has recorded
financial services industry. a total of business network of 877 branches and
representative offices serving 2.6 million active
Adira Finance continues to strengthen its position customers throughout Indonesia, with total
as one of the leading financing companies in managed receivables reaching approximately
Indonesia by consistently providing a diverse range IDR63.4 trillion.
of products and services tailored to consumers’ life
cycles and providing a rewarding experience for its INFORMATION ON AMENDMENTS TO THE
customers. In 2012, the Company expanded its scope ARTICLES OF ASSOCIATION
of activities by offering Sharia-compliant financing. The Company’s Articles of Association have been
Several years later, the Company diversified by completely amended as stated in the Deed of Decree
providing multi-purpose financing through the of All Shareholders of PT Adira Dinamika Multi
“SolusiDana” product, as well as other products to Finance No. 13 dated January 26, 2004, made in the
provide a maximum financing service experience presence of Fathiah Helmi, S.H., Notary in Jakarta,
for consumers. which has been approved by the Minister of Justice
and Human Rights of the Republic of Indonesia
Through its identity and brand promise of “Sahabat based on Decree No. C-02207 HT 01.04 TH 2004 dated
Setia Selamanya,” Adira Finance is also committed January 29, 2004 and has been reported to the same
to carrying out its mission to improve the welfare of Minister as stated in the Letter of Acceptance of the
the Indonesian people. This commitment is realized Report on the Deed of Amendment to the Articles of
66 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 69
Corporate
Profile
Association of PT Adira Dinamika Multi Finance Tbk paragraph (1), and paragraph (2) of Law No. 40 of
Performance
No. C-02208 HT 01.04 TH 2004 dated January 29 2004, 2007 concerning Limited Liability Companies. Highlights
and registered on February 6 2004 in the Company
Register at the South Jakarta Regional Office of Statement of Resolutions of the Extraordinary GMS
Opening
Industry and Trade as the Level II Regional Company of PT Adira Dinamika Multi Finance Tbk No. 65 dated
Registration Office with No. Registration Agenda September 30, 2025, drawn up before Mala Mukti,
112 RUB.09.03/II/2004 and No. TDP 09.03.1.66.10384, S.H., LL.M., Notary in Jakarta, and has been (i) notified Management
Report
and announced in Supplement No. 1990 to the State to and received by the Director General of General
Gazette of the Republic of Indonesia No. 16 dated 24 Legal Administration of the Ministry of Law of the
February 2004. Republic of Indonesia and recorded on October 1, Management
Discussion
and Analysis
2025 in the Sisminbakum Database based on the
The Company's Articles of Association have been Letter of Receipt of Notification of Amendments
amended again as stipulated in the Deed of to the Company’s Articles of Association No. AHU-
Corporate
Governance
Resolution of the Meeting of PT Adira Dinamika Multi AH.01.03-0239735, and (ii) registered in the Company
Finance Tbk. No. 40 dated October 15, 2021 made Register No. AHU-0229385.AH.01.11.TAHUN 2025
Environmental
before Mala Mukti, S.H., LL.M., Notary in Jakarta, and dated October 1, 2025 by the Director General of and Social
Responsibility
has (i) obtained approval from the Minister of Law General Legal Administration of the Ministry of Law
and Human Rights of the Republic of Indonesia of the Republic of Indonesia, has approved:
Supporting
based on Decree No. AHU-0186926. AH.01.11 of 2021 1. Approved the issuance of 235,803,109 (two Data
dated October 27, 2021, (ii) notified to and received by hundred thirty-five million eight hundred three
the Director General of General Legal Administration thousand one hundred and nine) new shares
of the Ministry of Law and Human Rights of the with a nominal value of IDR100.00 (one hundred
Republic of Indonesia and recorded on October 27, rupiah) per share to MFIN shareholders as a result
2021 in the Sisminbakum Database based on the of the Merger and further amended the provisions
Letter of Receipt of Notification of Amendments of Article 4 paragraph (2) of the Company’s Articles
to the Company’s Articles of Association No. AHU- of Association in connection with the increase
AH.01.03-0465665; and (iii) registered in the Company in the Company’s issued and paid-up capital
Register No. AHU-0186926.01.11 of 2021 dated October from the original IDR100,000,000,000.00 (one
27, 2021 by the Minister of Law and Human Rights hundred billion rupiah) to IDR123,580,310,900.00
of the Republic of Indonesia based on which the (one hundred twenty-three billion five hundred
Extraordinary GMS of the Company held on October eighty million three hundred ten thousand nine
15, 2021, has approved: hundred rupiah), which will be effective on the
1. Amendments to Article 3, Article 11 paragraph 5 effective date of the Merger;
letter (a), Article 11 paragraph 5 letter (b), Article 2. Approved and granted power of attorney with
14 paragraph 6 letter (a), Article 14 paragraph 6 the right of substitution to the Company’s
letter (b), and Article 18 paragraph 7 letter (a) in Board of Directors to carry out all necessary
the Company’s Articles of Association, which are actions in connection with the amendment
adjustments to the Financial Services Authority to Article 4 paragraph (2) of the Company’s
Regulations, and come into effect from the Articles of Association and the composition of
date of publication of the letter of receipt of the Company’s shareholders as a result of the
notification of amendments to the Articles of Merger based on the decision of the meeting.
Association from the Minister of Law and Human The Second Meeting agenda, including to state
Rights of the Republic of Indonesia as intended the decisions of the second meeting agenda in
in Article 23 paragraph (2) of the Law No. 40 of one deed of decision statement of 81 or more
2007 concerning Limited Liability Companies; meetings made before a Notary, with due regard
2. Restate all articles of the Articles of Association to the provisions of the Company’s Articles of
and paragraphs of the Articles of Association that Association and applicable laws and regulations;
have not been amended at this Extraordinary 3. Ratified and approved all and every action
GMS which have previously been in effect since taken by the Board of Directors and/or Board
the date of issuance of the letter of approval for of Commissioners of the Company without
changes to the Articles of Association and the date exception in connection with matters related
of issuance of the letter of receipt of notification to changes to Article 4 paragraph (2) of the
of changes to the Articles of Association from Company’s Articles of Association and the
the Minister of Law and Human Rights of the composition of the Company’s shareholders
Republic of Indonesia as intended in Article 23, as a result of the Merger with due regard to
the provisions of the Company’s Articles of
Association and applicable laws and regulations.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 67
Page 70
MILESTONE
1990
The company was established
in 1990 and commenced its
operations in 1991.
2002 2011
Adira Finance obtained the
first corporate rating of Processing the issuance of
idBBB+ from Pefindo. Sustainable Bond I worth IDR6
trillion.
2003
• Managed receivables amounted
to IDR3.9 trillion with 120 business
networks.
2012
• Issuance of initial bonds worth IDR500 Total managed receivables
billion. were IDR45.8 trillion. The
asset composition of the
motorcycle: car segment is
56%:44%.
2004 2013
Initial Public Offering on JSX and • Adira Finance increased its first
SSX (now IDX) Acquisition of PT syndicated loan by USD 200
Bank Danamon Indonesia Tbk by million.
75%. • Managed receivables reached
IDR45.79 trillion.
2008
Net profit reached Rp1 trillion, the
highest for a finance company. The
2014
business network doubled within 5 • Issued bonds and mudharabah
years to 300 business networks. bonds worth IDR3.1 trillion.
• Pefindo raised ADMF’s rating to
idAAA (stable outlook).
2009
PT Bank Danamon Indonesia Tbk
increased its ownership percentage in
2017
Adira Finance to 95%. • Adira Finance launched the
Momobil.id Platform.
2010
• Net income grew 40% y/y.
Total managed receivables were
IDR30.8 trillion. Car segment financing
2018
receivables reached IDR10 trillion, • Adira Finance launched the
equivalent to 33% of total assets. Momotor.id Platform.
• Managed receivables reached
IDR51.3 trillion.
68 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 71
2019
2023
Adira Finance obtained an
international credit rating of
“Baa2 and BBB” (Investment
grade) from Moody’s and
Fitch Rating. • Adira Finance is the first multi-finance
company to have signed a Social Loan facility
2020
with MUFG Bank Ltd.
• Adira Finance became a shareholder of
PT Home Credit Indonesia amounting to
9.82%.
• Adira Finance launched the
Adiraku Platform.
• Adira Finance obtained a
syndicated loan of USD300
million.
2021 2024
• Adira Finance launched the • Adira Finance became a 10% shareholder in
Adiraku platform version 2.0. PT Mandala Multifinance Tbk.
• Moody’s raised the credit • Adira Finance obtained a syndicated loan of
rating from baa2/stable to USD300 million.
baa1/stable.
2022
• Adira Finance maintained Moody’s
2025
international rating of baa1/stable; Fitch
Rating BBB; as well as the idAAA/stable • Mandala Finance officially
domestic rating from Pefindo. merges with Adira Finance.
• Adira Finance participated as Official
Multifinance Partner at IIMS 2022 with
• Adira Finance completes
Danamon and is supported by MUFG as the transfer of PT Arthaasia
Official Bank Partner. Finance's (AAF) commercial
vehicle financing portfolio.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 69
Page 72
LINE OF BUSINESS [SEOJK C.4][GRI2-6 ]
BUSINESS ACTIVITIES ACCORDING TO PRODUCTS AND SERVICES
THE LATEST ARTICLES OF ASSOCIATION Adira Finance offers a variety of vehicle financing
Based on the Company’s latest Articles of Association products, including new, used, and electric
and contained in Deed No. 40 dated October 15, 2021, motorcycles and cars from various brands, as well
made by Mala Mukti, S.H., LL.M., Notary in Jakarta, it as non-automotive financing such as multipurpose
has obtained approval from the Minister of Law and financing (Solusi Dana), Umrah financing (Sharia),
Human Rights of the Republic of Indonesia based heavy equipment financing, and other financing
on Decree No. AHU-0186926.AH.01.11 of 2021 dated options. Adira Finance consistently provides
October 27, 2021, reported to OJK on 29 October customer-centric services to reach customers
2021. The aims and objectives of the Company are sustainably, by implementing several product and
to operate in the field of (i) Financing Companies (ii) service innovations to ensure all consumer needs are
Sharia Financing, which is a Sharia Business Unit. To met. Adira Finance also offers easy, fast, and simple
achieve these aims and objectives, the Company can credit requirements with its Dering Adira 1500511
carry out business activities as follows: information service. Furthermore, Adira Finance is
supported by a service network of approximately
Financing Company 877 business partners spread across Indonesia and
1. Investment financing; has a secure BPKB (Vehicle Registration Certificate)
2. Working capital financing; storage system.
3. Multipurpose financing;
4. Other financing business activities based on Furthermore, Adira Finance offers two types
approval from the Financial Services Authority; of financing that customers can choose from
and (conventional and sharia). All of this makes Adira
5. Operating leases and/or fee-based activities Finance always present by providing various
as long as they do not conflict with laws and products and services according to market segments
regulations in the financial services sector. or target markets as well as consumer life cycles and
providing profitable experiences for all its Friends.
Sharia Business Unit
1. Sale and purchase financing; Adira Finance offers products and services to meet
2. Investment financing; and customer needs including:
3. Service financing. 1. Motorcycle financing (new, used and electric);
2. Car financing (new, used and electric);
BUSINESS ACTIVITIES CONDUCTED IN THE 3. Multipurpose financing (Solusi Dana);
FISCAL YEAR 4. Sharia Financing; and
Until the fiscal year ending December 31, 2025, Adira 5. Heavy equipment financing.
Finance has conducted its business activities based
on the amendment to the Articles of Association
mentioned above.
70 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 73
Corporate
Profile
MEMBERSHIP LIST IN THE ASSOCIATION [SEOJK C.5] [GRI 2-28] Performance
Highlights
Opening
Association Name Membership Information Term of Office
Member January 1, 2025 - December 31, Management
Report
(1057/JKT/92) Since 1992 2025
I Dewa Made Susila
Head of Compliance, Risk Management
2022-2027 Discussion
Management and Sharia and Analysis
Indonesia Financial Services Financing
Association (APPI)
Niko Kurniawan Corporate
Governance
Bonggowarsito 2022-2027
4-Wheel Committee
PT Adira Dinamika
Denny Riza Farib
Multi Finance Tbk 2022-2027 Environmental
Risk Management Committee and Social
Responsibility
Member
Indonesian Employers January 1, 2025 - January 31,
(0218.01.009.100.132.1105)
Association (Apindo) 2025 Supporting
Since 2005 Data
Members of the Alternative
Dispute Resolution Institution Member
Renewed annually
for the Financial Services
Sector (LAPS SKJ)
Member
Indonesian Issuer Association Renewed annually
(570/ADMF-AEI/18) Since 2018
Page 74
ADIRA FINANCE ORGANIZATIONAL STRUCTURE
GMS
Sharia Supervisory President Director
Board I Dewa Made Susila
Chief of
Chief of Business Chief of Financial Chief of Risk
Sales, Service &
& Portfolio Officer Officer Officer
Distribution Officer
Harry Latif*) Sylvanus Gani K.M. Sigit Hendra G.
Niko Kurniawan B.
Chief of Business
Head of Retail Head of Retail Head of Non Head of Risk
Alliance Strategy
Car Business MCY Business Auto Business Management
Officer
Vacant Andy Sutanto (S/A) Andy Sutanto Pramono Pranoto
Takanori Mizuno
Head of Head of
Head of Head of Credit
Business Head of NCAR 1 Head of Honda Head of SSD Corporate Head of Risk
Business Policy Dev &
Alliance Business NMCY Business Management Finance Analytics & MIS
Channeling Buss. Incubation
Strategy Dwi Prasetiyo Chandra H. Surya A.S. R. Amirul.M Andi Tirta K.
Indra M.H. Stephanus T.W.
A.Melati C.C. (S/A)
Head of
Head of Head of Head of Head of SSD Head of
Head of NCAR 2 Operation Risk Head of Credit
National Fleet Yamaha NMCY Business Collaboration Procurement
Business Mgt Fleet & SME
Business Business Retention and Project Didik
Agus Hamid A. Achmad Wahyu Basuki
Reza H.T. Trianto S. Dani R.H. Krisdianto Sukarmadi
Komara
Head of
Head of Suzuki Head of Non Head of Head of
Head of NCAR 3 Fincassurance Head of
& MB NMCY Auto Product & Finance & Information
Business & Branch MKT Regional
Business Program Dev Cash Mgt Risk Mgt
Billy Parlagutan Support Credit
Vacant Valen R.K. Maria Sari D.K. Arief Budi W.
Kristian N. Y.
• Ivan A.
• Havid A.
Head of
Head of UCAR Head of Used Head of Head of Quality • Heru S.
Accounting
Business MCY Business Syariah Assurance • Henry W.
& Tax
Ronald Donna Yustina E. Yusron Ingrid Sri K.D. • Kuswondo
R. Amirul.M
• Andhika S.
• Faizal
• Heru S.
Head of Head of • Okto P.M.
Head of
MCY Bus. SSD Operation • Komang
Funding &
Strategy & Portf Support & Mgt N.K.W.
Capital Market
Mgt Office • Anggoro L.
Maria Sari D.
Herru Andree • Muh. Rahmat J.
(S/A)
Damarjati Wibowo • Dedy H.P.
Head of
Head of Head of
Corporate
Business SSD Business
Secretary &
System Requirement &
Investor
Solution Development
Relation
Danny W. Inge Sugianti
Veronika D.P.
(S/A)
Head of
Regional
SSD
• Nanang K.
• Handi
• Agus H.
• Irfan B.
• Iwan C.
• I Gusti N.A.B.
• Adhika B.S.
• Rudy S.
• Basuki T.R.
• Suwanto
• Yoppy E.T.
• Weldya P.C.
*) Resigned based on the resignation letter dated October 31, 2025.
72 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 75
Corporate Governanace Diyah Sasanti
Krisna Wijaya
Committee Retnaning
Nomination & Eng Heng Nee Eng Heng Nee Honggo Widjojo
Manggi Taruna Habir Kangmasto Tri Evita Aryani
Remuneration Committee Philip Philip
Board of Risk Monitoring
Krisna Wijaya Manggi Taruna Habir Rio Erriad
Committee
Commissioners
Restiana Ie Tjoe
Audit Committee Manggi Taruna Habir Jusuf Sukiman
Linggadjaya
Chief of HC
Chief of Chief of
Chief of IT & Management &
Collection & Legal Marketing Officer
Digital Officer CREM Officer
Officer Swandajani Gunadi
Ricky Gunawan Swandajani
Denny Riza F. (S/A)
Gunadi
Head of IT
Head of Digital Operation & Chief of Harmony
Business Infrastructure Integration Officer
Manuel D.I. Frederick Nathanel Danny Hendarko
(S/A)
Head of
Collection Head of Head of Digital Head of IT Head of Head of Mkt Risk Harmony
Head of IT Head of
Strategic, Strategic Lending Planning & Corporate Strgy & Cust Integration
Operation Internal Audit
Analytic and Transformation Gita Amanda Governance University Experience Executive Officer
Ricky M.B. Haryadwi S.K.
Monitoring Henri Halim W.B Teguh S. Dolly Arora Tania Endah B. Suang Siang S.
Henrick K.S.
Finance
Head of Head of Harmony
Head of Tele Head of IT Head of IT Head of Brand
Digital Sales & Head of HCGA Compliance & Integration
Collection Infrastructure Architecture & Corp Comm
Marketplace Tri Evita A. AML Unit Executive
Ahmad Rifo Adhitya H. Iyan Waer Gandhy I.
Wendi W. Veronika D.P. Officer
Lindawati S.
Head Regional
Head of Loan Head of IT Head of
of Digital Harmony
Recovery Business Head of CREM Business
Acquisition & Integration
Operation Partner Hanafi S. Analytics
Ecosystem Executive Officer
Vacant Budi P. Andreas B.T.
Edwin K. Daniel Deky B.
Operation
Head of Asset Harmony
Head of IT Integration
Recovery
Development Executive
Operation
Iyan Waer (S/A) Officer
Balebang D.I.
Frederick N. (S/A)
Business
Harmony
Head of Legal Head of IT Data Integration
Ingrid S. Ricky M.B. (S/A) Executive
Officer
Sandy S.
IT
Harmony
Head of Head of IT
Integration
Regional Security
Executive
Collection Rachmat A.
Officer
Frederick N.
Marketing
• Ristua M.B. Harmony
• Irwan S. Integration
• Alamsyah K. Executive
• Denny S. Officer
• Tugino C.K. Sandy S. (S/A)
• Djoko W.
• Eko C.
• Tengku Z.A. HC Harmony
• Binordi H.P. Integration
• A. Agung G.S.P. Executive Officer
• Henry W.P. Suang Siang S.
• Ahmad R. (S/A)
• Sofyan A.
• Asril Naldi L.
Collection
Head Harmony
of AR Integration
Management Executive Officer
Dev Analytics & Daniel Deky B.
Incubation (S/A)
Wawan Y.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 73
Page 76
VISION
Creating shared value to
improve prosperity.
MISSION
To provide a variety of financial
solutions according to the needs
of each customer through synergy
with the ecosystem.
Vision and Mission Review [SEOJK C.1][GRI 2-6]
Adira Finance has conducted a review and assessment of its corporate Vision
and Mission’s alignment with current conditions and future business challenges.
Based on the review, which was also attended by the Board of Directors, it is
concluded that Adira Finance’s Vision and Mission remain aligned with current
conditions and the challenges the Company will face in the future.
Page 77
CULTURE, ADVANCE
One step ahead and faster compared to other people
CORPORATE in general or competitors; Having a clear and focused
conception; and Capable of making quick and proper
VALUES, AND decisions in all circumstances.
EMPLOYEE
CHARACTERISTICS
DISCIPLINE
Heading in a better direction through the process of planning,
implementation, oversight, and continuous improvement; Way
of thinking and behaving that is as perfect as possible; and
ADIRA TOP has become Discipline in accordance to the norms of the organization.
a consistent part of
the personal values of
each employee at Adira
Finance, as well as the ACCOUNTABLE
Informing matters based on factual data; and
culture that drives the being objective, wise and transparent.
Company’s business
activities.
TEAMWORK
Synergy; Willingness to sacrifice
for one another; and never pass
the blame to another person.
INTEGRITY
Commitment along with consistent attitude; Trustworthy
(honest and sincere); Able to maintain ethical business
conduct; Strong sense of belonging; and becoming a role
model to other employees.
OBSESSED
Working with an appropriate process and being driven by
generating the optimal results; High motivation in the form
of a willingness to walk the extra mile and demonstrating
proactivity; Skill sharpening; and taking care of each other.
RELIABLE
Having winner mentality, as reflected with positive
thinking and intelligent behavior; and a strong sense
of responsibility in all matters.
PROFESIONAL
Customer oriented; Reliable leadership skills; Possessing
entrepreneurship abilities, capable of calculating risk,
being both innovative and creative.
Page 78
CERDIK
In facing the dynamics and challenges of an ever-evolving business, Adira
Finance introduces the Adira People Character CErDIK. The Adira People
Character CErDIK is a derivative of the Adira Basic Principle ADIRA TOP,
emphasizing several important traits/characteristics that Gardira must
possess and demonstrate to support Adira’s current business strategy and
address existing business challenges and external conditions.
CErDIK is an acronym for “Cekatan” (Competent), “Entrepreneurial Spirit,”
“Discipline,” “Integrity,” and “Competent.” The following is an explanation
of each character:
CEKATAN
Quick to understand what is happening, know what is
expected of them in a given situation, and agile in taking
appropriate action when needed.
ENTREPRENEURIAL SPIRIT
Able to see and capitalize on existing opportunities; use
available resources with cost efficiency, and have the courage
to take risks to achieve success.
DISCIPLINE
Have self-control; living with an attitude of obedience and
adherence to the values believed in is a responsibility.
INTEGRITY
An attitude that always upholds commitments, accompanied
by a consistent, honest, and trustworthy attitude, and maintains
business ethics to serve as a role model.
COMPETENCE
An expert in his/her field, possessing ethical responsibility and
high performance standards in carrying out his/her work.
Page 79
Corporate
2025
Profile
BUSINESS STRATEGY Performance
Highlights
Opening
Adira Finance consistently monitors the dynamics of the financing industry and proactively implements various
strategic policies to support sustainable growth. The key strategies implemented through 2025 are as follows: Management
Report
• Adira Finance will continue to optimize its based on needs to existing consumers. Thus,
penetration in the automotive business through providing a better customer experience to Management
Discussion
and Analysis
product diversification, offering various attractive support the growth of the Company’s financing.
sales programs for customers, strengthening • Adira Finance accelerate digitalization within the
good relations with dealers, and enhancing Company and its ecosystem to improve business
Corporate
Governance
collaboration within the MUFG Group to support efficiency and effectiveness, as well as investing
the growth of the automotive ecosystem. in digital businesses (Adiraku, Danadira, momobil.
Environmental
• Adira Finance expands networks to non id, momotor.id, moservice.id, and dicicilaja.com). and Social
Responsibility
automotive businesses by continuing to diversify • Adira Finance will continue to manage its asset
the products offered to support business growth quality in order to keep the NPF ratio under
Supporting
such as multipurpose financing (Solusi Dana), control by applying prudent risk-management Data
heavy equipment, and others. principles.
• Adira Finance focus to increase customer • Adira Finance secure sufficient liquidity to fund
retention by offering loyalty and referral business requirement and to meet all financial
programs, as well as conducting cross selling obligations.
ADIRA FINANCE IN NUMBERS [SEOJK C.3]
HUMAN DEBT INCOME
CAPITAL
2023: 17,243 people 2023: IDR16,057.1 billion 2023: IDR9,507.9 billion
2024: 17,098 people 2024 : IDR20,244.4 billion
*)
2024*): IDR11,787.9 billion
2025: 20,816 people 2025: IDR20,124.8 billion 2025 IDR12,129.1 billion
EQUITY ASSET LIABILITIES
2023: IDR11,112.2 billion 2023: IDR31,007.2 billion
2023:IDR19,895.0 billion
2024 : IDR14,549.0 billion
*) 2024*): IDR38,372.9 billion
2024*): IDR23,823.9 billion
2025: IDR15,030.4 billion 2025: IDR38,529.2 billion 2025: IDR23,498.8 billion
TOTAL BUSINESS NETWORKS
2023: 466
2024: 508 2025:
2025:
508
877
*)Comparative information has been restated as a result of the merger, in accordance with the Audited Financial Statements.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 77
Page 80
BRAND AND LOGO MEANING
Sahabat Setia Selamanya
Since 2015, PT Adira Dinamika Multi Finance Tbk has performance. Through its identity, Adira Finance
introduced the company logo and brand promise, wants to serve consumers in all aspects of their lives
namely “Sahabat Setia Selamanya.” This promise in order to build a long-term relationship or create a
is meaningful as the Company’s commitment to customer for life. Adira Finance wants its consumers
building good long-term cooperative relationships to feel the presence of Adira Finance as a Friend
with the entire ecosystem, both internal and external, who is able to provide financial solutions while also
such as employees, consumers, business partners, synergizing with the concept of “Sahabat Adira.”
and all stakeholders.
“Sahabat” in the Company’s philosophy has a very
The brand identity and promise are a manifestation deep meaning, namely the personality values that
of the company’s long-term business strategy, Adira Finance reflects to its customers: Flexible,
which is believed to be able to support sustainable Open, Innovative and Synergistic.
BRAND PERSONALITY
FLEXIBLE INNOVATIVE
Adira Finance does not make easy things difficult Adira Finance always provides appropriate and
and always provides convenience to its customers. creative solutions both in work and in providing
products and services to customers.
TRANSPARENT
Adira Finance is always open and transparent in SYNERGISTIC
providing information to its customers. Adira Finance always instills a spirit of collaboration
both internally and with customers and business
partners.
78 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 81
Corporate
Profile
BOARD OF COMMISSIONERS’ PROFILE Performance
Highlights
Opening
Management
Report
Management
Discussion
and Analysis
Corporate
Governance
Environmental
and Social
Responsibility
Daisuke Ejima
President Commissioner
Supporting
Data
Nationality Jepang
Age/Gender 57 years old/Male
Educational Background 1. Master of Business Administration – University of Michigan (1999)
2. Bachelor of Economy – University of Tokyo (1987)
Position History
Legal Basis of Appointment First appointed as President Commissioner of the Company based on the decision of the Annual GMS on April 4,
2023 and effectively served since October 10, 2023. Reappointed as President Commissioner of the Company based
on the decision of the Annual GMS on March 27, 2024. Appointed as a member of the Company’s Nomination
and Remuneration Committee based on the Decision of the Board of Commissioners dated February 7, 2024.
In connection with the merger between Adira Finance and Mandala Finance, he was reappointed through the
decision of the Extraordinary GMS on June 30, 2025 and effectively served since October 1, 2025 based on the
Decree of the OJK Board of Commissioners concerning the Results of the Fit and Proper Test No. KEP-36 / D.06
/ 2025.
Work Experience 1. Member of the Company’s Nomination and Remuneration Committee (2024-present)
2. President Commissioner of the Company (2023-present)
3. President Director of PT Bank Danamon Indonesia, Tbk (2023-present)
4. Regional Executive of MUFG Bank, Ltd. - Singapore (2022-2023)
5. Vice Chairman, Non-Executive Director & Member of the Nomination and Remuneration Committee of Bank
of Ayudhya PCL (Krungsri) - Thailand (2022-2023)
6. Executive Country Head of MUFG Bank, Ltd. (formerly The Bank of Tokyo Mitsubishi UFJ, Ltd.) - Jakarta (2018 -
2022)
7. Deputy General Manager of The Bank of Tokyo Mitsubishi UFJ, Ltd - Singapore (2015 - 2018)
8. Global HR Head The Bank of Tokyo Mitsubishi UFJ, Ltd - Tokyo (2013 - 2015)
9. Managing Director of The Bank of Tokyo Mitsubishi UFJ, Ltd - Tokyo (2012 - 2013)
10. Director of The Bank of Tokyo Mitsubishi UFJ, Ltd - Tokyo (2009 - 2012)
11. Chief Manager of The Bank of Tokyo Mitsubishi UFJ, Ltd. New York (2004 - 2009)
12. Vice President, The Bank of Tokyo Mitsubishi UFJ, Ltd. - New York (2001 - 2004)
13. Manager, The Bank of Tokyo Mitsubishi UFJ, Ltd. - Tokyo (1996 - 1999)
14. Head of Department, Ministry of Finance of Japan (1994 - 1996)
15. Bank Officer, The Bank of Tokyo-Mitsubishi, Ltd. - Tokyo (1991 - 1994)
Concurrent Position Adira Finance
Member of Nomination and Remuneration Committee (2024-present)
Other Public Companies
President Director of PT Bank Danamon Indonesia Tbk (2023-present)
Other Institutions
Does not hold concurrent positions in other companies
Education or Training to Improve Education and training in 2025 are presented separately in the Management Education and Training section of
Competency 2025 this Annual Report.
Certification 1. Basic Financing Certification (Indonesian Financing Company Certification Institute)
2. Risk Management Level 5 (Risk Management Certification Body)
Affiliate Relationship Does not have affiliation with members of the Board of Commissioners and members of the Board of Directors,
however serves as President Director of PT Bank Danamon Indonesia Tbk, the controlling shareholder of the
Company.
Domicile Jakarta
Number of ADMF Share Ownership 0 shares
Term of Office October 1, 2025 until the closing of the Annual General Meeting of Shareholders for the 2028 financial year
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 79
Page 82
Krisna Wijaya
Independent Commissioner
Nationality Indonesia
Age/Gender 70 years old/Male
Educational Background 1. Inter-Field Studies Doctoral Program - Gadjah Mada University Graduate School (2009) (Graduated Cum
Laude)
2. Master of Management Study Program, Department of Agribusiness – Gadjah Mada University (MM UGM)
3. Bachelor of Agriculture Majoring in Agribusiness - Bogor Agricultural Institute (IPB)
Position History
Legal Basis of Appointment First appointed as Commissioner and Independent Commissioner of the Company based on the decision of the
Annual GMS on May 18, 2016. Reappointed as Independent Commissioner of the Company based on the decision
of the Annual GMS on March 27, 2024. Appointed as Chairman of the Company’s Risk Monitoring Committee based
on the Decision of the Board of Commissioners dated March 30, 2021 and appointed as Chairman of the Corporate
Governance Committee based on the Decision of the Board of Commissioners dated July 29, 2021. In connection
with the merger between Adira Finance and Mandala Finance, he was reappointed through the decision of the
Extraordinary GMS on June 30, 2025 and effectively served since October 1, 2025 based on the Decree of the OJK
Board of Commissioners concerning the Results of the Fit and Proper Test No. KEP-38/D.06/2025.
Work Experience 1. President Commissioner/Independent Commissioner of PT Jaminan Kredit Indonesia (2023 - present)
2. Chairman of the Corporate Governance Committee (2021 - present)
3. Chairman of the Risk Monitoring Committee (2021 - present)
4. President Commissioner/Independent Commissioner of PT Perusahaan Pengelola Aset (2020 - 2022)
5. Advisory Board Member of Infobank Magazine (2020 - present)
6. President Commissioner/Independent Commissioner of PT Danareksa (May 2020 - October 2020)
7. President Commissioner/Independent Commissioner of PT Brilian Indah Gemilang (2019 - present)
8. Independent Commissioner of PT Mahaka Radio Integra Tbk (2016 - 2019)
9. Independent Commissioner of the Company (2016 - present)
10. Director of the Indonesian Banking Development Institute (2016 - 2022)
11. Independent Commissioner of PT Mahaka Media, Tbk (2016 - 2017)
12. Member of the Clarification/Presentation Assessment Team for the Fit and Proper Test in Banking, Financial
Services Authority (2015 - present)
13. President Commissioner/Independent Commissioner, Member of the Audit Committee and Chair of the Risk
Management Committee of PT BNI Life Insurance (2015 - 2018)
14. Member of the Supervisory Board of the Adaro Pembangunan Negeri Foundation (2014 - 2022)
15. Independent Commissioner, Chair of the Risk Management Committee and Member of the Audit Committee
of PT Bank Mandiri Tbk (2010 - 2015)
16. Member of the Sharia Supervisory Board of PT Chub Syariah Insurance (2009 - present)
17. Commissioner of PT Bank Danamon Indonesia Tbk (2008 - 2010)
18. Audit Committee of Mahaka Group (2006 - 2016)
19. Director of the Indonesian Banking Development Institute (2005 - (2006)
20. Board of Commissioners/Chief Executive Officer of the Deposit Insurance Corporation (2005 - 2007)
21. Independent Commissioner of PT Bank Rakyat Indonesia, Tbk (May 2005 - September 2005)
22. Director of Micro and Retail Business at PT Bank Rakyat Indonesia, Tbk (2003 - 2005)
23. Director of Operations at PT Bank Rakyat Indonesia, Tbk (2000 - 2003)
24. Head of Education and Training Division at PT Bank Rakyat Indonesia (1980 - 2000)
Concurrent Position Adira Finance
Chairman of Risk Monitoring Committee (2021- present) and Chairman of Corporate Governance Committee
(2021- present)
Other Public Companies
Does not hold concurrent positions in other public companies
Other Institutions
1. President Commissioner/Independent Commissioner of PT Jaminan Kredit Indonesia (2022 - present)
2. Member of the Sharia Supervisory Board of PT Chub Syariah Insurance (2009 - present)
3. Expert Council of Infobank Magazine (2020 - present)
4. President Commissioner/Independent Commissioner of PT Brilian Indah Gemilang (2019 - present)
5. Member of the Clarification/Presentation Assessment Team for the Fit and Proper Test in the Banking Sector,
Financial Services Authority (2015 - present)
Education or Training to Improve Education and training in 2025 are presented separately in the Management Education and Training section of
Competency 2025 this Annual Report.
Certification Sertifikasi Dasar Pembiayaan (Lembaga Sertifikasi Profesi Pembiayaan Indonesia)
Affiliate Relationship Does not have affiliation with members of the Board of Commissioners, members of the Board of Directors, and
controlling shareholders
Domicile Jakarta
Number of ADMF Share Ownership 0 shares
Term of Office October 1, 2025 until the closing of the Annual General Meeting of Shareholders for the 2028 financial year
Statement of Independence of The Independent Commissioner of PT Adira Dinamika Multi Finance Tbk stated that the Independent
Independent Commissioners Commissioner has no affiliated relationship, either directly or indirectly, with controlling shareholders,
members of the Board of Directors, or other parties that could affect independence in carrying out their duties
and responsibilities. Independent Commissioners are committed to carrying out their supervisory and advisory
functions objectively and professionally and prioritizing the interests of the Company and stakeholders in
accordance with the principles of corporate governance.
80 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 83
Corporate
Profile
Performance
Highlights
Opening
Management
Report
Management
Discussion
and Analysis
Manggi Taruna Habir
Independent Commissioner Corporate
Governance
Environmental
and Social
Responsibility
Nationality Indonesia
Age/Gender 72 years old/Male
Supporting
Data
Educational Background 1. Bachelor of Arts in Economics - McGrill University, Montreal, Canada (1977)
2. Master in Business Administration - University of Michigan, Michigan, USA (1979)
3. Master in Public Administration - Harvard University, Massachusetts, USA (2001)
Position History
Legal Basis of Appointment Appointed as Independent Commissioner of the Company for the first time based on the resolution of the
Annual GMS Resolution on June 30, 2021, and served effectively on August 31, 2021. Reappointed as Independent
Commissioner based on the resolution of the Annual GMS dated March 27, 2024. Appointed as Chairman of the
Company’s Audit Committee based on the Decree of the Board of Commissioners dated September 16, 2021,
as Chairman of the Company’s Nomination and Remuneration Committee based on the Decree of the Board
of Commissioners dated Octobx`er 18, 2021, and as a member of the Risk Monitoring Committee based on the
Decree of the Board of Commissioners dated June 6, 2022. In connection with the merger between Adira Finance
and Mandala Finance, he was reappointed through the decision of the Extraordinary GMS on June 30, 2025 and
effectively served since October 1, 2025 based on the Decree of the OJK Board of Commissioners regarding the
Results of the Fit and Proper Test No. KEP-35/D.06/2025.
Work Experience 1. Member of the Risk Monitoring Committee of the Company (2022 - present)
2. Independent Commissioner, Chairman of the Nomination and Remuneration Committee, Chairman of Audit
Committee of the Company (2021-present)
3. Independent Commissioner and Chairman of Audit Committee of PT ABM-Investama Tbk (2021 - present)
4. Independent Member of the Audit Committee and Risk Monitoring Committee of PT Bank Jago Tbk
(2021-present)
5. President Commissioner of PT Berdayakan Usaha Indonesia (2021 - present)
6. Visiting Fellow at the Institute of Southeast Asian Studies, Yusof Ishak Institute, Singapore (2020 - 2021)
7. Independent Member of the Risk Monitoring Committee of PT Bank Danamon Indonesia Tbk (May 2020 -
December 2020)
8. President Commissioner of PT Asuransi Adira Dinamika (2009 - 2019)
9. Independent Commissioner of PT Bank Danamon Indonesia Tbk (2005-2020)
10. Director of Financial Institution Ratings, Standard & Poor’s, Singapore (2002 - 2005)
11. President Director of PT Pemeringkat Efek Indonesia (1998 - 2001)
12. Executive Vice President of Research at PT Bahana Securities (1995 - 1998)
13. Managing Partner at HBKonsultan (1991 - 1995)
14. Vice President, Head of Financial Institution Unit of Citibank, Jakarta (1985-1990)
15. Far Eastern Economic Review Economic and Business Journalist (1982-1985)
16. Manager at, Citibank N.A (1981 - 1982)
17. Assistant Manager at, PT Multinational Finance Corporation (Multicor) (1979-1981)
Concurrent Position Adira Finance
Chairman of the Audit Committee (2021-present), Chairman of the Nomination and Remuneration Committee
(2021-present), Member of the Risk Monitoring Committee of the Company (2022-present)
Other Public Companies
1. Independent Commissioner and Chairman of the Audit Committee of PT ABM-Investama Tbk (2021 - present)
2. Independent Member of the Audit Committee and Risk Monitoring Committee of PT Bank Jago Tbk (2021-
present)
Other Institutions
President Commissioner of PT Berdayakan Usaha Indonesia (2021 - present)
Education or Training to Improve Education and training in 2025 are presented separately in the Management Education and Training section of
Competency 2025 this Annual Report.
Certification 1. Certification in Audit Committee Practices - Certification Board of Indonesian Institute of Audit Committee
2. Basic Financing Certification, (Indonesian Financing Professional Certification Institute)
Affiliate Relationship Does not have affiliation with members of the Board of Commissioners, members of the Board of Directors, and
controlling shareholders
Domicile Jakarta
Number of ADMF Share Ownership 0 shares
Term of Office October 1, 2025 until the closing of the Annual General Meeting of Shareholders for the 2028 Financial Year
Statement of Independence of The Independent Commissioner of PT Adira Dinamika Multi Finance Tbk stated that the Independent
Independent Commissioners Commissioner has no affiliated relationship, either directly or indirectly, with major shareholders, members of the
Board of Directors, or other parties that could affect independence in carrying out their duties and responsibilities.
Independent Commissioners are committed to carrying out their supervisory and advisory functions objectively
and professionally and prioritizing the interests of the Company and stakeholders in accordance with the
principles of corporate governance.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 81
Page 84
Congsin Congcar
Commissioner
Nationality Thailand
Age/Gender 55 years old/Male
Educational Background 1. Certificate of training and seminar, Thai Institute of Directors Association (IOD) 1Director Certification
Program (DCP) .
2. SASIN Executive Program (SEP25 Alumni) - SASIN Graduate Institute of Business Administration,
Chulalongkorn University (2011)
3. Bachelor of Accounting and Finance - University of Alberta, Canada (1991)
Position History
Legal Basis of Appointment Appointed as Commissioner for the first time based on the resolution of the Annual GMS Resolution on March
31, 2020, and served effectively on December 28, 2020. Reappointed as Commissioner of the Company based on
the resolution of the Annual GMS dated March 27, 2024. In connection with the merger between Adira Finance
and Mandala Finance, he was reappointed through the decision of the Extraordinary GMS on June 30, 2025 and
effectively served since October 1, 2025 based on the Decree of the OJK Board of Commissioners regarding the
Results of the Fit and Proper Test No. KEP-30/D.06/2025.
Work Experience 1. Head of Krungsri Auto Group Bank of Ayudhya PCL (2022 – 31 December 2025)
2. Company Commissioner (2020 - present)
3. Head of Krungsri Auto Finance and Strategy Division Krungsri Auto Group Bank of Ayudhya PCL (2014 - 2015)
4. Executive Vice President, Head of Krungsri Auto Strategic Division Krungsri Auto Group Bank of Ayudhya PCL
(2015 - 2016)
5. Acting Head of Krungsri Auto Finance and Accounting Division Krungsri Auto Group Bank of Ayudhya PCL
(2015)
6. Head of Krungsri Auto Finance and Accounting Division Krungsri Auto Group Bank of Ayudhya PCL (2014 -
2015)
7. Director of Ayudhya Capital Services Co., Ltd. (2017 - present)
8. Chief Financial Officer Ayudhya Capital Auto Lease PCL (2008 - 2014)
9. Chief Financial Officer GE Capital Auto Lease PLC. (2006 - 2007)
10. Senior Management Team, (Siam Commercial Bank PCL) (1996 – 2006)
Concurrent Position Adira Finance
Does not hold concurrent positions at Adira Finance
Other Public Companies
Does not hold concurrent positions in other public companies
Other Institutions
1. Head of Krungsri Auto Group Bank of Ayudhya PCL (2022-December 31, 2025)
2. Director of Ayudhya Capital Services Co., Ltd. (2017-present)
Education or Training to Improve Education and training in 2025 are presented separately in the Management Education and Training section of
Competency 2025 this Annual Report.
Certification 1. Basic Financing Certification (Indonesian Financing Professional Certification Institute)
2. Executive Development Program (Cornell University)
3. Director Certification Program (Thai Institute of Directors Association)
Affiliate Relationship Does not have affiliation with members of the Board of Commissioners, members of the Board of Directors,
However, he serves as the Head of Krungsri Auto Group Bank of Ayudhya PCL, a subsidiary of MUFG Bank, Ltd.,
which is the controlling shareholder of the Company.
Domcile Bangkok
Number of ADMF Share Ownership 0 shares
Term of Office October 1, 2025 until the closing of the Annual General Meeting of Shareholders for the 2028 Financial Year
82 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 85
Corporate
Profile
Performance
Highlights
Opening
Management
Report
Management
Discussion
and Analysis
Honggo Widjojo Kangmasto
Commissioner
Corporate
Governance
Environmental
and Social
Responsibility
Nationality Indonesia
Age/Gender 59 years old/Male
Supporting
Data
Educational Background 1. Bachelor of Social Economics from Sam Ratulangi University, Manado (1988)
2. Master of Business Administration from Royal Melbourne Institute of Technology, Melbourne, Australia (1994)
Position History
Legal Basis of Appointment First appointed as Commissioner of the Company through the Annual General Meeting on March 25, 2025 and
began serving actively since June 26, 2025 based on the Decree of the OJK Board of Commissioners concerning
the Results of the Fit and Proper Assessment No. KEP-26/D.06/2025.
Work Experience 1. Company Commissioner (2025 - present)
2. Member of the Nomination and Remuneration Committee (2025-present)
3. Deputy President Director of PT Bank Danamon Indonesia, Tbk (2019 - present)
4. President Commissioner of PT Bank DKI (2015 - 2018)
5. President Commissioner of PT Pembangunan Jaya Ancol, Tbk (2016 - 2017)
6. Managing Director of PT Bank Negara Indonesia, Tbk (2014 - 2015)
7. Managing Director of PT Bank Negara Indonesia, Tbk (2010 - 2013)
8. Managing Director of PT Bank Permata, Tbk (2008 - 2010)
9. Managing Director of PT Indofood Sukses Makmur, Tbk (2006 - 2007)
10. Commissioner of PT Mandiri Sekuritas (2003 - 2006)
11. Group Head & EVP Coordinator of PT Bank Mandiri, Tbk (2000 - 2006)
12. VP & Head of Corporate Banking of PT Bank International Indonesia, Tbk (1996 - 2000)
13. Regional Head of PT Bank Central Asia, Tbk (1988 - 1996)
Concurrent Position Adira Finance
Member of the Nomination and Remuneration Committee (2025-present)
Other Public Companies
Deputy President Director of PT Bank Danamon
Other Institutions
Does not hold concurrent positions at other institutions
Education or Training to Improve Education and training in 2025 are presented separately in the Management Education and Training section of
Competency 2025 this Annual Report.
Certification Basic Financing Certification (Indonesian Financing Professional Certification Institute)
Affiliate Relationship Has no affiliated relationship with members of the Board of Commissioners, members of the Board of Directors,
but serves as Deputy President Director of PT Bank Danamon Indonesia Tbk which is the controlling shareholder
of the Company.
Domicile Jakarta
Number of ADMF Share Ownership 0 shares
Term of Office June 26, 2025 until the closing of the Annual General Meeting of Shareholders for the 2028 Financial Year
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 83
Page 86
AUDIT COMMITTEE PROFILE
Manggi Taruna Habir
Chairman of the Audit Committee
Profile The complete profile can be found in the discussion on the Profile of the Board of Commissioners
Position History
Legal Basis of Appointment Appointed as Chairman of the Company’s Audit Committee based on the Decree of the Board of Commissioners
dated September 16, 2021.
Term of Office • September 16, 2021 until the closing of the Annual GMS of the financial year 2023 (First Term)
• April 2, 2024 until the closing of the Annual GMS of the financial year 2026 (Second
84 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 87
Corporate
Profile
Performance
Highlights
Opening
Management
Report
Management
Discussion
and Analysis
Jusuf Sukiman
Member of the Audit Committee
Corporate
Governance
Environmental
and Social
Responsibility
Nationality Indonesia
Age/Gender 63 years old/Male
Supporting
Data
Educational Background 1. Executive MBA Program-Asian Institute of Management (2014)
2. Master of Information Systems-Gunadarma University (1998)
3. Bachelor of Accounting-Trisakti University (1987)
Position History
Legal Basis of Appointment Appointed as Member of the Audit Committee based on the Decree of the Company’s Board of Commissioners
on September 16, 2021.
Work Experience 1. Member of Audit Committee of the Company (2021 - present)
2. Chief Internal Auditor of PT Bank Mega Tbk (2006-2020)
3. Vice President Internal Auditor of CT Corporation (2005-2006)
4. Head of Regional Audit Division of PT Bank Danamon Indonesia Tbk (1988-2005)
5. Senior Auditor of PT United City Bank (1986-1988)
Concurrent Position Adira Finance
Does not hold concurrent positions at Adira Finance
Other Public Companies
Does not hold concurrent positions in other public companies
Other Institutions
Does not hold concurrent positions at other institutions
Education or Training to Improve GRACS x IPSS 2025 | Trust by Design: Privacy, Security, and AI Governance
Competency 2025
Certification Certification in Audit Committee Practices - Certification Board of Indonesian Institute of Audit Committee
(2024-2027)
Affiliate Relationship Does not have affiliation with members of the Board of Commissioners, members of the Board of Directors, and
controlling shareholders
Domicile Jakarta
Number of ADMF Share Ownership 0 shares
Term of Office • September 16, 2021 until the closing of the Annual GMS for the 2023 financial year (First Term)
• April 2, 2024 until the closing of the Annual GMS for the 2026 financial year (Second Term)
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 85
Page 88
Restiana Ie Tjoe Linggadjaya
Member of the Audit Committee
Nationality Indonesia
Age/Gender 59 years old/Female
Educational Background 1. Doktor Manajemen, konsentrasi Corporate Finance - Universitas Pelita Harapan (2025)
2. Master in Management (MM) - Asian Institute of Management, Philippines (2000) (Beasiswa Penuh)
3. Sarjana Ekonomi - Universitas Trisakti, Indonesia (1989)
Position History
Legal Basis of Appointment Appointed as Member of the Audit Committee based on the Decree of the Company’s Board of Commissioners
on July 1, 2022.
Work Experience 1. Independent Commissioner, Chairman of Risk Monitoring Committee and Member of Audit Committee of
PT Sompo Insurance Indonesia (2024- present)
2. Member of Audit Committee of PT Professional Telekomunikasi Indonesia (2024-present)
3. Lecturer at the Faculty of Economics and Business Universitas Pelita Harapan (2024-present)
4. Member of Audit Committee of the Company (2022-present)
5. Chief Audit Executive Indonesia Exim Bank (Indonesia Export Financing Agency)
6. Chief Compliance Risk Audit Officer PT Smartfren Telecom Tbk (2018-2020)
7. Chief Operating Officer PT Maybank Indonesia Tbk (2017-2018)
8. Chief Audit Executive & SEVP PT Bank CIMB Niaga, Indonesia Tbk (2010-2017)
9. Chief Internal Auditor & SEVP PT Bank Danamon Indonesia Tbk (2004-2010)
10. Finance & Accounting Director PT Asuransi Allianz Life Indonesia (2002-2004)
11. Vice President - Internal Audit ABN AMRO Bank N.V. Indonesia (2000-2002)
12. Vice President - Treasury, Cash Management & Custody, PT ING Barings Indonesia (1996-1998)
13. Manager Citibank N.A, Indonesia (1990-1996)
14. Finance Supervisor PT Cipta Piranti Tehnik (Astra Components Group) (1989-1990)
Concurrent Position Adira Finance
Does not hold concurrent positions in Adira Finance
Other Public Companies
Does not hold concurrent positions in other public companies
Other Institutions
1. Independent Commissioner of PT Sompo Insurance Indonesia (2024-present)
2. Lecturer at the Faculty of Economics and Business, Universitas Pelita Harapan (2024-present)
3. Board of Trustees of the Internal Audit Education Foundation (2022-2027)
4. Member of the Audit Committee of PT Professional Telekomunikasi Indonesia (2024-present)
Education or Training to Improve 1. National Seminar on Internal Audit (SNIA) 2025: What is Driving Change to Stay Ahead of the Curve for
Competency 2025 Internal Auditors in the Coming Years? Internal Audit Education Foundation (December 3-4, 2025)
2. GRACS IPSS 2025 (IT Governance, Risk Management, Assurance, and Cyber Security, and Indonesia Privacy
and Security Summit 2025): Trust by Design: Privacy, Security, and AI Governance for the Future, Jakarta
(October 28, 2025)
3. National Conference 2025: Audit for Tomorrow, The Institute of Internal Auditors (August 27-28, 2025)
4. Internal Auditor Conference (KAI) 2025: Navigating Emerging Risk, Governance, and Opportunities, Internal
Audit Education Foundation (July 2-3, 2025)
5. Risk Appetite Framework, Refreshment Certification Level 7, Banking Strategic Learning (June 24, 2025)
Certification 1. Certification in Audit Committee Practices (CACP), Indonesian Audit Committee Association (2024-2027).
2. Banking Risk Management Level 7 (2024-2027)
3. Certified Internal Auditor (CIA), The Institute of Internal Auditors (2006-2026)
4. Certified Risk Management Assurance (CRMA), The Institute of Internal Auditors (2013-2026)
5. Qualified Internal Auditor (QIA), Internal Audit Education Foundation (2022-2026)
6. Indonesia Internal Audit Practitioner (IIAP), The Institute of Internal Auditors (2022-2028)
7. Qualified Risk Governance Professional (QRGP), Mitra Kalyana Sejahtera Professional Certification Institute -
LSP MKS and National Accreditation Committee - KAN (2025-2027)
8. Risk Management Governance Advance Certification (RMGAC), Indonesian General Insurance Association
Certification Institute (2025-2027)
Affiliate Relationship Does not have affiliation with members of the Board of Commissioners, members of the Board of Directors, and
controlling shareholders
Domicile Jakarta
Number of ADMF Share Ownership 0 shares
Term of Office • July 1, 2022 until the closing of the Annual GMS for the 2023 financial year (First Term)
• April 2, 2024 until the closing of the Annual GMS for the 2026 financial year (Second Term)
86 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 89
Corporate
Profile
RISK OVERSIGHT COMMITTEE PROFILE Performance
Highlights
Opening
Management
Report
Management
Discussion
and Analysis
Corporate
Governance
Environmental
and Social
Responsibility
Krisna Wijaya
Chairman of the Risk Monitoring Committee
Supporting
Data
Profile The complete profile can be found in the discussion on the Profile of the Board of Commissioners
Position History
Legal Basis of Appointment Appointed as Chairman of the Company’s Risk Monitoring Committee based on the Decree of the Board of
Commissioners dated March 30, 2021.
Term of Office - March 30, 2021 until the closing of the Annual GMS for the 2023 financial year (First Term)
- April 2, 2024 until the closing of the Annual GMS for the 2026 financial year (Second Term)
Manggi Taruna Habir
Member of the Risk Monitoring Committee
Profile The complete profile can be found in the discussion on the Profile of the Board of Commissioners
Position History
Legal Basis of Appointment Appointed as Member of the Company’s Risk Monitoring Committee based on the Decree of the Board of
Commissioners dated June 6, 2022.
Term of Office - June 6, 2021 until the closing of the Annual GMS for the 2023 financial year (First Term)
- April 2, 2024 until the closing of the Annual GMS for the 2026 financial year6 (Second Term)
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 87
Page 90
Rio Erriad
Member of the Risk Monitoring Committee
Nationality Indonesia
Age/Gender 59 years old/Male
Educational Background 1. Advanced Leadership Management-INSEAD Business School, Singapore (2010)
2. Master of Business Administration-Queensland University of Technology, Australia (1994)
Position History
Legal Basis of Appointment Appointed as Member of the Company’s Risk Monitoring Committee based on the Decree of the Company’s
Board of Commissioners on March 30, 2021.
Work Experience 1. Member of Risk Monitoring Committee PT Mandala Multifinance Tbk (2025-September 30, 2025)
2. Risk Management Consultant Colliers International Indonesia (2023-present)
3. Risk Management Senior Consultant ORP2b Singapore (2023- present)
4. Credit Risk Advisor PT Bank Aceh Syariah (2022-2023)
5. Risk Management Advisor PT Bank Pembangunan Daerah Banten Tbk (2022)
6. Advisor GDOC Law Firm (2021- present)
7. Member of the Company Risk Monitoring Committee (2021-present)
8. Credit Risk Head, Executive Vice President PT Bank Danamon Indonesia Tbk (2012-2021)
9. Senior Vice President of PT Bank Danamon Indonesia Tbk (2009-2012)
10. Vice President of PT Bank Danamon Indonesia Tbk. (2006-2009)
11. Member of various Key Projects and Committees of PT Bank Danamon Indonesia Tbk (2006-2020)
12. Vice President of PT Bank ICB Bumiputera Tbk (2005-2006)
13. Country Head of Dow Jones Telerate Pte Ltd, Singapore (2003-2005)
14. Assistant Vice President of RMG Lippobank (2000-2003)
15. Assistant Vice President of Bank PDFCI (1998-2000)
16. Senior Manager at PDFCI Bank (1996-1998)
17. Assistant Manager at ABN Amro Bank N.V (1994-1996)
Concurrent Position Adira Finance
Does not hold concurrent positions at Adira Finance
Other Public Companies
Does not hold concurrent positions in other public companies
Other Institutions
1. Risk Management Consultant Colliers International Indonesia (2023- present)
2. Risk Management Senior Consultant ORP2b Singapore (2023-current)
3. Advisor GDOC Law Firm (2021- present)
Education or Training to Improve 1. Halal Supervisor Competency Certification August 21, 2025 – Competent
Competency 2025 2. Guess Speaker for the Supervisor Certification Program for PVML & IAKD at Deputy Director level - OJK dated
October 31, 2025
Certification 1. GRC Professional (Open Compliance & Ethics Group)
2. Islamic Finance Qualification (The Chartered Institute for Securities Investment)
Affiliate Relationship Does not have affiliation with members of the Board of Commissioners, members of the Board of Directors, and
controlling shareholders
Domicile Jakarta
Number of ADMF Share Ownership 0 shares
Term of Office - March 30, 2021 until the closing of the Annual GMS of the financial year 2023 (First Term)
- April 2, 2024 until the closing of the Annual GMS of the financial year 2026 (Second Term)
88 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 91
Corporate
Profile
Performance
Highlights
Opening
Management
Report
Management
Discussion
and Analysis
Eng Heng Nee Philip
Member of the Risk Monitoring Committee Corporate
Governance
Environmental
and Social
Responsibility
Nationality Singapore
Age/Gender 79 years/Male
Supporting
Data
Educational Background 1. Accounting - Institute of Chartered Accountants, Australia (1971)
2. Accounting - University of New South Wales (1969)
Position History
Legal Basis of Appointment Appointed as a Member of the Company’s Risk Monitoring Committee based on the Decision of the Company’s
Board of Commissioners on April 9, 2025.
Work Experience 1. Director, Must Be Company Limited (2022 – present)
2. Head, Frasers Hospitality International Pte. Ltd. (2018 – 2024)
3. Head, ALPS Pte. Ltd. (formerly known as Agency for Healthcare Supply Chain Pte. Ltd.) (2018 – 2024)
4. Head, TSI Tech Pte. Ltd. (formerly known as Transmex Systems International Pte. Ltd.) (2017 – 2024)
5. Commissioner of the Company (2016 – 2025)
6. Member of the Risk Oversight Committee (2025 – present)
7. Member of the Company’s Nomination and Remuneration Committee (2025 – present)
8. Director, Frasers Australand Pty. Ltd. (2014 – 2022)
9. Director, Vanda I Investments Pte. Ltd. Ltd (2014 – 2019)
10. Director, Frasers Property Limited (formerly known as Frasers Centrepoint Limited) (2013 – 2022)
11. Director, Ezra Holdings Ltd., Singapore (2012 – 2019)
12. Director, KK Women’s and Children’s Hospital Pte. Ltd., Singapore (2012 – 2018)
13. Director, Heliconia Capital Management Pte. Ltd. (2011 – 2019)
14. Chairman of the Corporate Risk Management Committee (2011 – 2019)
15. Commissioner and Independent Commissioner of the Company (2011 – 2016)
16. Non-Executive Director, Asia Pacific Breweries Ltd., Singapore (2011 – 2013)
17. Non-Executive Director, Hup Soon Global Corp. Ltd., Singapore (2010 – 2013)
18. Director, Singapore Health Services Pte. Ltd., Singapore (2009 – 2018)
19. Director, The Hour Glass Ltd., Singapore (2009 – 2018)
20. Director, Hektar Asset Management Sdn. Bhd., Malaysia (2008 – 2023)
21. Independent Non-Executive Director and Chairman of the Audit Committee, NTUC Income, Singapore (2008
– 2017)
22. Non-Executive Director, OpenNet Pte. Ltd., Singapore (2008 – 2013)
23. Member of the Company’s Audit Committee (2007 – 2016)
24. Commissioner of the Company (2007 – 2011)
25. Member of the Enterprise Risk Management Committee (2007 – 2011)
26. Non-Executive Director, Sunrise MCL Land Sdn (2007 – 2011)
27. Director, Frasers Centrepoint Asset Management Ltd., Singapore (2006 – 2018)
28. Chairman, mDR Limited, Singapore (2005 – 2017)
29. Vice Chairman, MCL Land Ltd., Singapore (2005 – 2011)
30. Non-Executive Director, Chinese Development Assistance Council, Singapore (2004 – 2014)
31. Group Managing Director, Jardine Cycle & Carriage Ltd., Singapore (1996 – 2005)
Concurrent Position Adira Finance
Member of Nomination and Remuneration Committee (2025- present)
Other Public Companies
Does not hold concurrent positions in other public companies
Other Institutions
Director Must Be Company Limited (2022-present)
Education or Training to Improve -
Competency 2025
Certification -
Affiliate Relationship Does not have affiliation with members of the Board of Commissioners, members of the Board of Directors, and
controlling shareholders
Domicile Singapura
Number of ADMF Share Ownership 0 shares
Term of Office April 9, 2025 - present
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 89
Page 92
NOMINATION AND REMUNERATION COMMITTEE
PROFILE
Manggi Taruna Habir
Chairman of the Nomination
and Remuneration Committee
Profile The complete profile can be found in the discussion on the Profile of the Board of Commissioners
Position History
Legal Basis of Appointment Appointed as Chairman of the Company’s Nomination and Remuneration Committee based on the Decree of the
Board of Commissioners dated October 18, 2021 and reappointed to the same position based on the Resolution of
the Board of Commissioners dated February 7, 2024.
Term of Office October 18, 2021-present
Daisuke Ejima
Member of the Nomination
and Remuneration Committee
Profile The complete profile can be found in the discussion on the Profile of the Board of Commissioners
Position History
Legal Basis of Appointment Appointed as Member of the Company’s Nomination and Remuneration Committee based on the Decree of the
Board of Commissioners dated February 7, 2024.
Term of Office February 7, 2024-present
90 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 93
Corporate
Profile
Performance
Highlights
Opening
Management
Report
Management
Discussion
and Analysis
Honggo Widjojo Kangmasto
Member of the Nomination and Remuneration
Committee Corporate
Governance
Environmental
and Social
Responsibility
Profile The complete profile can be found in the discussion on the Profile of the Board of Commissioners
Position History
Supporting
Data
Legal Basis of Appointment Appointed as Member of the Company’s Nomination and Remuneration Committee based on the Decree of the
Board of Commissioners dated April 9, 2025.
Term of Office April 9, 2025 - present
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 91
Page 94
Eng Heng Nee Philip
Member of the Nomination and Remuneration
Committee (Independent Party)
Nationality Singapore
Age/Gender 79 years/Male
Educational Background 1. Accounting - Institute of Chartered Accountants, Australia (1971)
2. Accounting - University of New South Wales (1969)
Position History
Legal Basis of Appointment Appointed as a Member of the Company’s Risk Monitoring Committee based on the Decision of the Company’s
Board of Commissioners on April 9, 2025.
Work Experience 1. Director, Must Be Company Limited (2022 – present)
2. Head, Frasers Hospitality International Pte. Ltd. (2018 – 2024)
3. Head, ALPS Pte. Ltd. (formerly known as Agency for Healthcare Supply Chain Pte. Ltd.) (2018 – 2024)
4. Head, TSI Tech Pte. Ltd. (formerly known as Transmex Systems International Pte. Ltd.) (2017 – 2024)
5. Commissioner of the Company (2016 – 2025)
6. Member of the Risk Oversight Committee (2025 – present)
7. Member of the Company’s Nomination and Remuneration Committee (2025 – present)
8. Director, Frasers Australand Pty. Ltd. (2014 – 2022)
9. Director, Vanda I Investments Pte. Ltd. Ltd (2014 – 2019)
10. Director, Frasers Property Limited (formerly known as Frasers Centrepoint Limited) (2013 – 2022)
11. Director, Ezra Holdings Ltd., Singapore (2012 – 2019)
12. Director, KK Women’s and Children’s Hospital Pte. Ltd., Singapore (2012 – 2018)
13. Director, Heliconia Capital Management Pte. Ltd. (2011 – 2019)
14. Chairman of the Corporate Risk Management Committee (2011 – 2019)
15. Commissioner and Independent Commissioner of the Company (2011 – 2016)
16. Non-Executive Director, Asia Pacific Breweries Ltd., Singapore (2011 – 2013)
17. Non-Executive Director, Hup Soon Global Corp. Ltd., Singapore (2010 – 2013)
18. Director, Singapore Health Services Pte. Ltd., Singapore (2009 – 2018)
19. Director, The Hour Glass Ltd., Singapore (2009 – 2018)
20. Director, Hektar Asset Management Sdn. Bhd., Malaysia (2008 – 2023)
21. Independent Non-Executive Director and Chairman of the Audit Committee, NTUC Income, Singapore (2008
– 2017)
22. Non-Executive Director, OpenNet Pte. Ltd., Singapore (2008 – 2013)
23. Member of the Company’s Audit Committee (2007 – 2016)
24. Commissioner of the Company (2007 – 2011)
25. Member of the Enterprise Risk Management Committee (2007 – 2011)
26. Non-Executive Director, Sunrise MCL Land Sdn (2007 – 2011)
27. Director, Frasers Centrepoint Asset Management Ltd., Singapore (2006 – 2018)
28. Chairman, mDR Limited, Singapore (2005 – 2017)
29. Vice Chairman, MCL Land Ltd., Singapore (2005 – 2011)
30. Non-Executive Director, Chinese Development Assistance Council, Singapore (2004 – 2014)
31. Group Managing Director, Jardine Cycle & Carriage Ltd., Singapore (1996 – 2005)
Concurrent Position Adira Finance
Member of Nomination and Remuneration Committee (2025- present)
Other Public Companies
Does not hold concurrent positions in other public companies
Other Institutions
Director Must Be Company Limited (2022-present)
Education or Training to Improve -
Competency 2025
Certification -
Affiliate Relationship Does not have affiliation with members of the Board of Commissioners, members of the Board of Directors, and
controlling shareholders
Domicile Singapore
Number of ADMF Share Ownership 0 shares
Term of Office April 9, 2025 - present
92 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 95
Corporate
Profile
Performance
Highlights
Opening
Management
Report
Management
Discussion
and Analysis
Tri Evita Aryani
Member of the Nomination
and Remuneration Committee Corporate
Governance
Environmental
and Social
Responsibility
Nationality Indonesia
Age/Gender 55 years old/Female
Supporting
Data
Educational Background Bachelor of Management-University of Indonesia (1994)
Position History
Legal Basis of Appointment Appointed as Member of the Company’s Nomination and Remuneration Committee based on the Decree of the
Board of Commissioners dated March 30, 2021 and reappointed to the same position based on the Resolution of
the Board of Commissioners dated February 7, 2024.
Work Experience 1. Member of the Company’s Nomination and Remuneration Committee (2021-present)
2. Head of Human Capital & General Affairs of the Company (2010-present)
3. Director of Group Human Resource Division of Gunung Steel GROUP (2009-2010)
4. Director of Group Human Resource Division of PT Tunas Ridean Tbk (TUNAS GROUP) (2005-2009)
5. General Manager of Human Resources of PT Heinz ABC Indonesia (2003-2005)
6. Compensation, Benefits & Recruitment Manager of PT Mattel Indonesia (2002-2003)
7. Consultant at William M. Mencer (1998-2000)
8. Consulting Analyst Corporate Resources Group (1994-1998)
Concurrent Position Adira Finance
Head of Human Capital & General Affairs (2010-present)
Other Public Companies
Does not hold concurrent positions in other public companies
Other Institutions
Does not hold concurrent positions at other institutions
Education or Training to Improve -
Competency 2025
Certification Basic Financing Certification - Managerial (Indonesian Financing Professional Certification Institute)
Affiliate Relationship Does not have affiliation with members of the Board of Commissioners, members of the Board of Directors, and
controlling shareholders
Domicile Jakarta
Number of ADMF Share Ownership 0 shares
Term of Office March 30, 2021-present
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 93
Page 96
CORPORATE GOVERNANCE COMMITTEE PROFILE
Krisna Wijaya
Chairman of the Corporate Governance
Committee
Profile The complete profile can be found in the discussion on the Profile of the Board of Commissioners
Position History
Legal Basis of Appointment Appointed as Chairman of the Corporate Governance Committee based on the Decree of the Board of
Commissioners dated July 29, 2021.
Term of Office July 29, 2021-present
94 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 97
Corporate
Profile
Performance
Highlights
Opening
Management
Report
Management
Discussion
and Analysis
Diyah Sasanti
Member of the Corporate Governance
Committee Corporate
Governance
Environmental
and Social
Responsibility
Nationality Indonesia
Age/Gender 59 years old/Female
Supporting
Data
Educational Background 1. Master of Notary - Padjadjaran University, Bandung (2009)
2. Master of Business Law - Padjadjaran University Bandung (2006)
3. Master of Business Administration - Newport University, California (1998)
4. Bachelor of Laws - Jember University (1989)
Position History
Legal Basis of Appointment Appointed as Member of the Corporate Governance Committee based on the Decree of the Board of
Commissioners on July 29, 2021.
Work Experience 1. Commissioner of PT Indesso Promatama (2021-present)
2. Member of the Corporate Governance Committee (2015-present)
3. Presidium of the Indonesian Advocates Congress (2022-present)
4. Commissioner of PT DISA (2011-present)
5. Member of the Company’s Audit Committee (2011-2016)
6. Legal Counsel at Agritrade International Pte Ltd (2010-2020)
7. Advisor at WSJ International SDN BHD (2010-2017)
8. Advisor at PT Total Sinergy International (2010-2020)
9. Member of the Company’s Audit and Risk Management Committee (2008-2011)
10. Director of PT Darmex Agro (2008-2010)
11. Advisor at PT Pembangunan Perumahan (2007-2008)
12. Advisor at PT Lippo E-Net Tbk (2006-2007)
13. Corporate Secretary of PT Lippo E-Net Tbk (formerly PT Lippo Life Tbk) (2000-2006)
14. Director of PT Asuransi AIG Lippo (1998-1999)
15. Corporate Secretary and Head of Legal Division of PT Lippo Life Tbk (1997-1998)
16. Head of Legal Division of PT Lippo Life Tbk (1994-1996)
17. Corporate Secretary Staff of PT Bank Lippo Tbk (1991-1994)
18. Internal Audit of PT Bank Lippo Tbk (1990-1991)
19. Account Officer of PT Bank Lippo Tbk (1989-1990
Concurrent Position Adira Finance
Does not hold concurrent positions at Adira Finance
Other Public Companies
Does not hold concurrent positions in other public companies
Other Institutions
1. Vice President for Women and Children Affairs of the Indonesian Advocates Congress (2014-present)
2. Commissioner of PT Indesso Promatama (2021-present)
3. Commissioner of PT DISA (2011-present)
Education or Training to Improve -
Competency 2025
Certification 1. Certificate Indonesian Lawyer
2. Certified Legal Auditor
3. Certified Liquidator Indonesia
4. Certified Risk Associate
Affiliate Relationship Does not have affiliation with members of the Board of Commissioners, members of the Board of Directors, and
controlling shareholders
Domicile Bogor
Number of ADMF Share Ownership 0 shares
Term of Office July 29, 2021-present
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 95
Page 98
BOARD OF DIRECTORS’ PROFILE
I Dewa Made Susila
President Director
Nationality Indonesia
Age/Gender 55 years old/Male
Educational Background 1. Chartered Financial Analyst (CFA)-Association Investment Management and Research (2003)
2. Faculty of Economics, Master of Management-PPM College of Management (1998)
3. Bachelor of Agribusiness-Bogor Agricultural Institute (1993)
Position History
Legal Basis of Appointment Appointed as President Director for the first time based on the resolution of the Annual GMS on March 30, 2022,
and served effectively on July 1, 2022. Reappointed as President Director based on the resolution of the Annual
GMS dated March 27, 2024. In connection with the merger between Adira Finance and Mandala Finance, he was
reappointed through the decision of the Extraordinary GMS on June 30, 2025 and effectively served since October
1, 2025 based on the Decree of the OJK Board of Commissioners concerning the Results of the Fit and Proper
Assessment No. KEP-28/D.06/2025.
Work Experience 1. Commissioner of PT Home Credit Indonesia (2023-present)
2. President Director of the Company (2022-present)
3. Director of Business Strategy & Transformation of the Company (2017-2022)
4. Finance Director of the Company (2010-2022)
5. Director of Finance and Corporate Secretary (2011 - 2017)
6. Head of Investor Relations & Subsidiary Support Division of PT Bank Danamon Indonesia Tbk (2003-2010)
7. Deputy Head of Corporate Affairs Division of PT Bank Danamon Indonesia Tbk (2001-2003)
8. Senior Investment Officer at the Asset Management Investment Unit of the National Banking Restructuring
Agency (IBRA) (1999-2001)
9. Manager of Financial Institution Rating Division & Various Senior Positions of PT Pemeringkat Efek Indonesia
(1995-1999)
10. Analyst, PT Indonesian Securities Rating Agency [PEFINDO] (1995 - 1997)
Concurrent Position Adira Finance
Does not hold concurrent positions at Adira Finance
Other Public Companies
Does not hold concurrent positions in other public companies
Other Institutions
Commissioner of PT Home Credit Indonesia (2023-present)
Education or Training to Improve Education and training in 2025 are presented separately in the Management Education and Training section of
Competency 2025 this Annual Report.
Certification Financing Expert Certification (Indonesian Financing Professional Certification Institute)
Affiliate Relationship Does not have affiliation with members of the Board of Commissioners, members of the Board of Directors, and
controlling shareholders
Domicile Jakarta
Number of ADMF Share Ownership 0 shares
Term of Office October 1, 2025 until the closing of the Annual General Meeting of Shareholders for the 2028 Financial Year
96 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 99
Corporate
Profile
Performance
Highlights
Opening
Management
Report
Management
Discussion
and Analysis
Swandajani Gunadi
Director Corporate
Governance
Environmental
and Social
Responsibility
Nationality Indonesia
Supporting
Data
Age/Gender 53 years old/Female
Educational Background Bachelor of Agronomy-Bogor Agricultural Institute (1995)
Position History
Legal Basis of Appointment Appointed as Director for the first time based on the resolution of the Annual GMS on May 17, 2013. Latest
appointment as Director of the Company based on the resolution of the Annual GMS dated March 27, 2024. In
connection with the merger between Adira Finance and Mandala Finance, he was reappointed through the
decision of the Extraordinary GMS on June 30, 2025 and effectively served since October 1, 2025 based on the
Decree of the OJK Board of Commissioners regarding the Results of the Fit and Proper Assessment No. KEP
31/D.06/2025.
Work Experience 1. Marketing Director (2017 - present)
2. Human Resources Director (2013 - present)
3. HRD & GA Deputy Director (2010 - 2013)
4. HRD & GA Division Head (2003 - 2010)
5. Remuneration & HR Development Department Head (2002 - 2003)
6. Remuneration Senior Analyst at PT Sumalindo Lestari Jaya Tbk (PT Astra International Tbk Group) (2000 -
2002)
7. HR Corporate Manager at Orang Tua Group (2000)
8. Remuneration Senior Analyst at PT Astra International Tbk - Automotive Division (1997 - 2000)
9. Personal Administration Section Head at PT Astra International Tbk - Automotive Division (1996 - 1997)
10. People Development & Management Officer at PT Astra International Tbk - Automotive Division (1996)
11. Management Trainee PT Astra International Tbk- Automotive Division (1995 - 1996)
Concurrent Position Adira Finance
Does not hold concurrent positions at Adira Finance
Other Public Companies
Does not hold concurrent positions in other public companies
Other Institutions
Does not hold concurrent positions at other institutions
Education or Training to Improve Education and training in 2025 are presented separately in the Management Education and Training section of
Competency 2025 this Annual Report.
Certification Financing Expert Certification (Indonesian Financing Professional Certification Institute)
Affiliate Relationship Does not have affiliation with members of the Board of Commissioners, members of the Board of Directors, and
controlling shareholders
Domicile Jakarta
Number of ADMF Share Ownership 0 shares
Term of Office October 1, 2025 until the closing of the Annual General Meeting of Shareholders for the 2028 Financial Year
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 97
Page 100
Niko Kurniawan Bonggowarsito
Director
Nationality Indonesia
Age/Gender 54 years old/Male
Educational Background Bachelor of Business/Management-Indonesian Business Institute (1994)
Position History
Legal Basis of Appointment Appointed as Director for the first time based on the resolution of the Annual GMS on April 20, 2018, and served
effectively on June 5, 2018. Latest appointment as Director of the Company based on the resolution of the
Annual GMS dated March 27, 2024. In connection with the merger between Adira Finance and Mandala Finance,
he was reappointed through the decision of the Extraordinary GMS on June 30, 2025 and effectively served since
October 1, 2025 based on the Decree of the OJK Board of Commissioners concerning the Results of the Fit and
Proper Assessment No. KEP-23/D.06/2025.
Work Experience 1. President Commissioner of PT Mandala Multifinance Tbk (2024 – September 30, 2025)
2. Director of Sales & Distribution of the Company (2018 - present)
3. Deputy Director – Chief of Sales & Distribution of the Company (2017 - 2018)
4. Deputy Director – Head of Retail Car Financing of the Company (2010 - 2016)
5. Division Head – Marketing of New & Used Cars of the Company (2007 - 2010)
6. Head of the East Java Region of the Company (2004 - 2005)
7. Division Head – Marketing of MCY Suzuki, Kawasaki, and Used Motorcycles of the Company (2003 - 2007)
8. President Director of PT Mandiri Pakar Sakti (2002)
9. Sales Manager of PT Sinar Galesong Pratama (1996 - 2002)
10. Area Supervisor of Eastern Indonesia of PT Indomobil Suzuki International (1993 - 1996)
11. Product Officer of PT National General Bank (1993)
Concurrent Position Adira Finance
Does not hold concurrent positions at Adira Finance
Other Public Companies
Does not hold concurrent positions in other public companies
Other Institutions
Does not hold concurrent positions at other institutions
Education or Training to Improve Education and training in 2025 are presented separately in the Management Education and Training section of
Competency 2025 this Annual Report.
Certification 1. Financing Expert Certification (Indonesian Financing Professional Certification Institute)
2. US Certified Marketing Manager (CMM) (American Certification Institute)
Affiliate Relationship Does not have affiliation with members of the Board of Commissioners, members of the Board of Directors, and
controlling shareholders
Domicile Jakarta
Number of ADMF Share Ownership 0 shares
Term of Office October 1, 2025 until the closing of the Annual General Meeting of Shareholders for the 2028 Financial Year
98 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 101
Corporate
Profile
Performance
Highlights
Opening
Management
Report
Management
Discussion
and Analysis
Harry Latif*)
Director Corporate
Governance
Environmental
and Social
Responsibility
Nationality Indonesia
Supporting
Age/Gender 54 years old/Male Data
Educational Background Bachelor of Economics - Atma Jaya University (1995)
Position History
Legal Basis of Appointment Appointed as Director of the Company for the firs time based on the resolution of the Annual GMS on March
31, 2020, and served effectively on August 25, 2020. Latest appointment as Directors of the Company based on
the resolution of the Annual GMS dated March 27, 2024. In connection with the merger between Adira Finance
and Mandala Finance, he was reappointed through the decision of the Extraordinary GMS on June 30, 2025 and
effectively served since October 1, 2025 based on the Decree of the OJK Board of Commissioners concerning the
Results of the Fit and Proper Assessment No. KEP-25/D.06/2025.
Work Experience 1. Director of Portfolio & Business of the Company (2020 - present)
2. Deputy Director – Chief of Sales Portfolio Officer (2019 - 2020)
3. Deputy Director – Head of Retail Car Financing (2017 - 2019)
4. Deputy Director – 2W/4W Sales Financing (2015 - 2016)
5. President Director of Honda Car Dealership, PT Istana Mitra Sendani (2012 - 2015)
6. Deputy Director of PT Kirana Megatara Tbk (2011 - 2012)
7. Marketing Division Head for Honda New MCY (2010 - 2011)
8. Deputy Division Head for Honda MCY (2008 - 2010)
9. Area Sales Manager for Honda (2006 - 2008)
10. Sales & Marketing General Manager for PT Viar Motor Indonesia (ATPM Viar) and PT Kencana Laju Mandiri
(retail dealer viar) (2005 - 2006)
11. Marketing Research Supervisor, Area Sales Supervisor and Part Sales Manager PT Astra International Honda
Sales Operation/PT Astra Honda Motor (1996 - 2004)
Concurrent Position Adira Finance
Does not hold concurrent positions at Adira Finance
Other Public Companies
Does not hold concurrent positions in other public companies
Other Institutions
Does not hold concurrent positions at other institutions
Education or Training to Improve Education and training in 2025 are presented separately in the Management Education and Training section of
Competency 2025 this Annual Report.
Certification Financing Expert Certification, PT Indonesian Financing Professional Certification
Affiliate Relationship Does not have affiliation with members of the Board of Commissioners, members of the Board of Directors, and
controlling shareholders
Domicile Jakarta
Number of ADMF Share Ownership 0 shares
Term of Office October 1, 2025 until the closing of the Annual General Meeting of Shareholders for the 2028 Financial Year
*) Harry Latif submitted his resignation on October 31, 2025.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 99
Page 102
Denny Riza Farib
Director
Nationality Indonesia
Age/Gender 53 years old/Male
Educational Background Bachelor of Mathematics – Padjadjaran University (1996)
Position History
Legal Basis of Appointment Appointed as Director for the first time based on the resolution of the Annual GMS on April 4, 2023, and served
effectively since October 10, 2023. Reappointed as Director of the Company based on the resolution of the Annual
GMS dated March 27, 2024. In connection with the merger between Adira Finance and Mandala Finance, he was
reappointed through the decision of the Extraordinary GMS on June 30, 2025 and effectively served since October
1, 2025 based on the Decree of the OJK Board of Commissioners regarding the Results of the Fit and Proper Test
No. KEP-24/D.06/2025.
Work Experience 1. Director of Collection & Legal of the Company (2023 - present)
2. Deputy Director – Head of Credit, Collection & Legal (2022 - 2023)
3. Deputy Director – Head of Credit and Collection (2017 - 2022)
4. Senior Vice President – Head of Retail Credit (2013 - 2017)
5. Credit 2W Division Head (2011 - 2013)
6. Credit Deputy Division Head (2009 - 2011)
7. Credit Operations MCY Department Head (2006 - 2009)
8. Fleet Commercial Finance Account Management Head, PT Astra Sedaya Finance (2005 - 2006)
9. Fleet Account Quality Head, PT Astra Sedaya Finance (2000 - 2005)
10. Account Acquisition Head, Balikpapan Branch, PT Astra Sedaya Finance (1999 - 2000)
11. Account Acquisition Head, Banjarmasin Branch, PT Astra Sedaya Finance (1998-1999)
12. PDCA Officer, PT Astra Sedaya Finance (1997-1998)
13. Management Trainee, PT Astra Sedaya Finance (1996-1997)
Concurrent Position Adira Finance
Does not hold concurrent positions at Adira Finance
Other Public Companies
Does not hold concurrent positions in other public companies
Other Institutions
Does not hold concurrent positions at other institutions
Education or Training to Improve Education and training in 2025 are presented separately in the Management Education and Training section of
Competency 2025 this Annual Report.
Certification Financing Expert Certification (Indonesian Financing Professional Certification Institute)
Affiliate Relationship Does not have affiliation with members of the Board of Commissioners, members of the Board of Directors, and
controlling shareholders
Domicile Bekasi
Number of ADMF Share Ownership 0 shares
Term of Office October 1, 2025 until the closing of the Annual General Meeting of Shareholders for the 2028 Financial Year
100 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 103
Corporate
Profile
Performance
Highlights
Opening
Management
Report
Management
Discussion
and Analysis
Sigit Hendra Gunawan
Director Corporate
Governance
Environmental
and Social
Responsibility
Nationality Indonesia
Supporting
Age/Gender 57 years old/Male Data
Educational Background Bachelor of Industrial Engineering-Trisakti University (1993)
Position History
Legal Basis of Appointment First appointed as Director of the Company based on the decision of the Annual GMS on March 27, 2024 and
effectively served since July 3, 2024. In connection with the merger between Adira Finance and Mandala Finance,
he was reappointed through the decision of the Extraordinary GMS on June 30, 2025 and effectively served since
October 1, 2025 based on the Decree of the OJK Board of Commissioners regarding the Results of the Fit and
Proper Assessment No. KEP 33/D.06/2025.
Work Experience 1. Director of Risk Management of the Company (2024-present)
2. Deputy Director-Chief of Risk of the Company (2023-2024)
3. Director of PT BFI Finance Tbk (2015-2023)
4. Deputy Director Head of Credit & Collection of the Company (2011-2015)
5. Credit Division Head of the Company (2006-2011)
6. Deputy Credit Division Head of the Company (2005 – 2006)
7. Collection Department Head & Credit Fleet Department Head of Astra Credit Companies (2004 – 2005)
8. Collection Department Head at Astra Credit Companies (2002-2004)
9. Management Trainee up to Section Head Credit Analyst Commercial & HE at Astra Credit Companies (1993-
2002)
Concurrent Position Adira Finance
Does not hold concurrent positions at Adira Finance
Other Public Companies
Does not hold concurrent positions in other public companies
Other Institutions
Does not hold concurrent positions at other institutions
Education or Training to Improve Education and training in 2025 are presented separately in the Management Education and Training section of
Competency 2025 this Annual Report.
Certification Financing Expert Certification (Indonesian Financing Professional Certification Institute)
Affiliate Relationship Does not have affiliation with members of the Board of Commissioners, members of the Board of Directors, and
controlling shareholders
Domicile South Tangerang
Number of ADMF Share Ownership 0 shares
Term of Office October 1, 2025 until the closing of the Annual General Meeting of Shareholders for the 2028 Financial Year
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 101
Page 104
Sylvanus Gani Kukuh Mendrofa
Director
Nationality Indonesia
Age/Gender 49 years old/Male
Educational Background 1. Master of Management - Australian National University (2015)
2. Bachelor of Economics in Accounting - University of Indonesia (1998)
Position History
Legal Basis of Appointment First appointed as Director of the Company based on the decision of the Annual GMS on March 27, 2024 and
effectively served since July 3, 2024. In connection with the merger between Adira Finance and Mandala Finance,
he was reappointed through the decision of the Extraordinary GMS on June 30, 2025 and effectively served since
October 1, 2025 based on the Decree of the OJK Board of Commissioners regarding the Results of the Fit and
Proper Test No. KEP-29/D.06/2025.
Work Experience 1. Director of Finance of the Company (July 2024-present)
2. Deputy Director, Chief Financial Officer of the Company (2022-2024)
3. Deputy Director Head of Corporate Planning & Procurement of the Company (2017-2022)
4. Deputy Director Head of Strategy Transformationof the Company (2017-2022)
5. Deputy Director, Head of Financial Planning & Projects of the Company (2015-2017)
6. General Manager Head of Financial Planning & Projects of the Company (2013)
7. General Manager Financial Planning & Project Division Head of the Company (2011-2013)
8. General Manager Budget Division Head of the Company (2007-2011)
9. Vice President Network Finance of PT Natrindo Telephone Selular (2005-2007)
10. Senior Vice President (General Manager) Finance of PT First Media Tbk (2003-2005)
11. Manager Financial Planning & Analysis of PT First Media Tbk (2001-2002)
12. Assistant Manager Financial Planning Analysis of PT First Media Tbk (2000)
13. Associate Consultant at PT Pricewaterhouse Financial Advisory Services (PwC FAS) (1998-2000)
Concurrent Position Adira Finance
Does not hold concurrent positions at Adira Finance
Other Public Companies
Does not hold concurrent positions in other public companies
Other Institutions
Does not hold concurrent positions at other institutions
Education or Training to Improve Education and training in 2025 are presented separately in the Management Education and Training section of
Competency 2025 this Annual Report.
Certification Financing Expert Certification (Indonesian Financing Professional Certification Institute)
Chartered Accountant (Indonesian Institute of Accountants)
Affiliate Relationship Does not have affiliation with members of the Board of Commissioners, members of the Board of Directors, and
controlling shareholders
Domicile Jakarta
Number of ADMF Share Ownership 0 shares
Term of Office October 1, 2025 until the closing of the Annual General Meeting of Shareholders for the 2028 Financial Year
102 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 105
Corporate
Profile
Performance
Highlights
Opening
Management
Report
Management
Discussion
and Analysis
Ricky Gunawan
Director of IT and Digital Corporate
Governance
Environmental
and Social
Responsibility
Nationality Indonesia
Supporting
Age/Gender 52 Years old/Male Data
Educational Background Bachelor of Informatics Engineering from Gunadarma University (1996)
Position History
Legal Basis of Appointment First appointed as Director of the Company through the Annual General Meeting on June 30, 2025 and began
serving actively on June 30, 2025 based on the Decree of the OJK Board of Commissioners concerning the Results
of the Fit and Proper Test No. KEP-27/D.06/2025.
Work Experience 1. Director of Corporate Information Technology (October 1, 2025 - present)
2. Deputy Director – Chief of IT & Digital Officer (2024 - 2025)
3. President Director of PT Astra Walab Digital Arta (Maucash) (2023 - 2024)
4. President Director of PT Astra Digital Arta (AstraPay) (2022 - 2023)
5. Director of Operations of PT Astra Digital Arta (AstraPay) (2019 - 2022)
6. IT Division Head of PT Federal International Finance (FIFGROUP) (2015 - 2019)
7. IT Deputy Division Head of PT Federal International Finance (FIFGROUP) (2012 - 2015)
8. IT Core Application Department Head of PT Federal International Finance (FIFGROUP) (2007-2012)
9. IT Core Application Sub-Department Head of PT Federal International Finance (FIFGROUP) (2005-2007)
10. IT Officer PT Federal International Finance (FIFGROUP) (1997 - 2005)
11. IT Staff PT Multi Plaza Properties (Plaza Glodok) (1996 - 1997)
12. Part Timer PT Pansystems (1995 - 1996)
Concurrent Position Adira Finance
Does not hold concurrent positions at Adira Finance
Other Public Companies
Does not hold concurrent positions in other public companies
Other Institutions
Does not hold concurrent positions at other institutions
Education or Training to Improve Education and training in 2025 are presented separately in the Management Education and Training section of
Competency 2025 this Annual Report.
Certification Financing Expert Certification (Indonesian Financing Professional Certification Institute)
Affiliate Relationship Does not have affiliation with members of the Board of Commissioners, members of the Board of Directors, and
controlling shareholders
Domicile Jakarta
Number of ADMF Share Ownership 0 shares
Term of Office June 30, 2025 until the closing of the Annual General Meeting of Shareholders for the 2028 Financial Year
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 103
Page 106
SHARIA SUPERVISORY BOARD PROFILE
Prof. Dr. H. Fathurrahman Djamil, MA
Chairman of the Sharia Supervisory Board
Nationality Indonesia
Age/Gender 65 years old/Male
Educational Background 1. Doctorate in Islamic Legal Theory-UIN Syarif Hidayatullah, Jakarta (1994)
2. Master in Sharia-UIN Syarif Hidayatullah, Jakarta (1987)
3. Bachelor in Sharia-UIN Syarif Hidayatullah, Jakarta (1982)
Position History
Legal Basis of Appointment First appointed as Chairman of the Company’s Sharia Supervisory Board based on the decision of the Extraordinary
GMS on September 4, 2012. In connection with the merger between Adira Finance and Mandala Finance, he was
reappointed through the decision of the Extraordinary GMS on June 30, 2025 and effectively served since October
1, 2025 based on the Decree of the OJK Board of Commissioners regarding the Results of the Fit and Proper Test
No. KEP-157/PL.02/2025.
Work Experience 1. Deputy Chairman of the Daily Executive Board (BPH) of the National Sharia Council – Indonesian Ulema
Council (DSN-MUI) period (2015-2020)
2. Chairman of the Sharia Supervisory Board of the Company (2012-present)
3. Chairman of the Sharia Supervisory Board BCA Syariah (2010-present)
4. Chairman of the Sharia Supervisory Board of PT Sun Life Financial Indonesia (2010-present)
5. Chairman of the Sharia Supervisory Board of PT AIA Financial Syariah (2009-present)
6. Member of the Sharia Supervisory Board of PT Bank CIMB Niaga Tbk (2008-present)
7. Professor at Syarif Hidayatullah State Islamic University Jakarta (1999-present)
8. Lecturer at Muhammadiyah University Jakarta (1985-present)
9. Lecturer at Syarif Hidayatullah State Islamic University Jakarta (1982-present)
Concurrent Position Adira Finance
Does not hold concurrent positions at Adira Finance
Other Public Companies
Member of the Sharia Supervisory Board of PT Bank CIMB Niaga Tbk (2008-present)
Other Institutions
1. Chairman of the Sharia Supervisory Board of BCA Syariah (2010-present)
2. Chairman of the Sharia Supervisory Board of PT Sun Life Financial Indonesia (2010-present)
3. Chairman of the Sharia Supervisory Board of PT AIA Financial Syariah (2009-present)
4. Professor at Syarif Hidayatullah State Islamic University, Jakarta (1999-present)
5. Lecturer at Muhammadiyah University, Jakarta (1985-present)
6. Lecturer at Syarif Hidayatullah State Islamic University, Jakarta (1982-present)
Education or Training to Improve Pre-Annual Meeting of the Sharia Supervisory Board X 2025 - National Sharia Council-Indonesian Ulema Council
Competency 2025 (October 7, 2025)
Certification Licensed as a Capital Market Sharia Expert through Decree of the Board of Commissioners of the Financial
Services Authority No.KEP-10/PM.223/PJ-ASPM/2021
Affiliate Relationship Does not have affiliation with members of the Board of Commissioners, members of the Board of Directors, and
controlling shareholders
Domicile Jakarta
Number of ADMF Share Ownership 0 shares
Term of Office October 1, 2025 until the closing of the Annual General Meeting of Shareholders for the 2028 financial year
104 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 107
Corporate
Profile
Performance
Highlights
Opening
Management
Report
Management
Discussion
and Analysis
Prof. Dr. KH. Noor Achmad, MA
Member of the Sharia Supervisory Board Corporate
Governance
Environmental
and Social
Responsibility
Nationality Indonesia
Supporting
Age/Gender 68 years old/Male Data
Educational Background 1. Professor in the Field of Islamic Law – Wahid Hasyim University, Semarang
2. Doctorate in Philosophical Aqidah – Sunan Kalijaga State Islamic University, Yogyakarta (2006)
3. Master of Religion – Sunan Kalijaga State Islamic Institute, Yogyakarta (1998)
4. Bachelor of Sharia – Walisongo State Islamic Institute, Semarang (1989)
Position History
Legal Basis of Appointment Appointed as Member of the Company’s Sharia Supervisory Board for the first time based on the resolution of the
Extraordinary GMS on September 4, 2012. In connection with the merger between Adira Finance and Mandala
Finance, he was reappointed through the decision of the Extraordinary GMS on June 30, 2025 and effectively
served since October 1, 2025 based on the Decree of the OJK Board of Commissioners regarding the Results of
the Fit and Proper Test No. KEP-150/PL.02/2025.
Work Experience 1. General Chairman of the Nadzir Bondo Foundation, Semarang Grand Mosque (2015 - present)
2. General Secretary of the Advisory Council of the Central Indonesian Ulema Council (2015-present)
3. Member of the Daily Executive Supervisory Body (BPH) for Capital Markets, National Sharia Council -
Indonesian Ulema Council (DSN-MUI) (2015-2020)
4. Chairman of the Central Java Qur’an Tilawatil Development Institute (2015-2023)
5. General Chairperson of the Central Java Grand Mosque Management Board (2014-present)
6. Member of the House of Representatives of the Republic of Indonesia Commission X (2014-2019)
7. Member of the Sharia Supervisory Board of the Company (2012-present)
8. General Chairman of the Wahid Hasyim Foundation Semarang (2010-present)
9. Lecturer in Postgraduate and Doctoral Programs at Wahid Hasyim University Semarang (2010-present)
10. Chairman of the Indonesian Waqf Board, Central Java (2010-present)
11. Chairman of the Central Asmaul Husna Khidmah Council (2010-present)
12. General Chairman of the Indonesian Nahdlatul Ulama Higher Education Association (2010-2015)
13. Deputy Secretary General of the Central Indonesian Ulema Council (2010-2015)
14. Deputy Chairman of the Association of Indonesian Private Universities, Central Java (2010-2015)
15. Chairman of the Association of Chancellors and Nahdlatul Ulama Universities throughout Indonesia (2008-
2013)
16. General Chairman of the NUPBNU Higher Education Development Institute (2008-2015)
17. Deputy Chairman of the Association of Indonesian Private Universities, Central Java (2005-2014)
18. Chancellor of Wahid Hasyim University, Semarang (2000-2015)
19. Lecturer at Walisongo State Islamic Institute, Semarang (1983-2001)
20. Member of the Central Java Regional People’s Representative Council (1997-1999, 1999-2004, and 2004-2009)
Concurrent Position Adira Finance
Does not hold concurrent positions at Adira Finance
Other Public Companies
Does not hold concurrent positions in other public companies
Other Institutions
1. General Chairman of the Nadzir Bondo Foundation, Semarang Grand Mosque (2015 - present)
2. General Secretary of the Advisory Council of the Central Indonesian Ulema Council (2015-present)
3. General Chairman of the Central Java Grand Mosque Management Board (2014-present)
4. General Chair of the Wahid Hasyim Foundation Semarang (2010-present)
5. Lecturer in Postgraduate and Doctoral Programs at Wahid Hasyim University Semarang (2010-present)
6. Chairman of the Indonesian Waqf Board, Central Java (2010-present)
7. Chairman of the Central Asmaul Husna Khidmah Council (2010-present)
Education or Training to Improve Pre-Annual Meeting of the Sharia Supervisory Board X 2025 - National Sharia Council-Indonesian Ulema Council
Competency 2025 (October 7, 2025)
Certification Licensed as a Capital Market Sharia Expert through Decree of the Board of Commissioners of the Financial
Services Authority KEP-02/PM.223/PJ-ASPM/2022.
Affiliate Relationship Does not have affiliation with members of the Board of Commissioners, members of the Board of Directors, and
controlling shareholders
Domicile Semarang
Number of ADMF Share Ownership 0 shares
Term of Office October 1, 2025 until the closing of the Annual General Meeting of Shareholders for the 2028 financial year
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 105
Page 108
Dr. Rini Fatma Kartika, M.H.
Member of the Sharia Supervisory Board
Nationality Indonesia
Age/Gender 54 years old/Female
Educational Background 1. Doctorate – Syarif Hidayatullah State Islamic University, Jakarta (2021)
2. Master of Islamic Law – Muhammadiyah University, Jakarta (2004)
3. Bachelor of Sharia – Syarif Hidayatullah State Islamic Institute, Jakarta (1994)
Position History
Legal Basis of Appointment Appointed as Member of the Company’s Sharia Supervisory Board for the first time based on the resolution of
the Annual GMS on June 30, 2021. In connection with the merger between Adira Finance and Mandala Finance,
he was reappointed through the decision of the Extraordinary GMS on June 30, 2025 and effectively served since
October 1, 2025 based on the Decree of the OJK Board of Commissioners regarding the Results of the Fit and
Proper Test No. KEP-146/PL.02/2025.
Work Experience 1. Deputy Chancellor 3 Muhammadiyah University, Jakarta (2021-2025)
2. Member of the Sharia Supervisory Board of the Company (2021-present)
3. Daily Implementation Body of the National Sharia Council, Indonesian Ulema Council (DSN-MUI) (2020-2025)
4. Dean of the Faculty of Islamic Religion, Muhammadiyah University, Jakarta (2012-2020)
5. Member of the Sharia Supervisory Board of PT Sun Life Financial Indonesia (2017-present)
6. Lecturer at the Faculty of Islamic Religion, Muhammadiyah University, Jakarta (1995-present)
Concurrent Position Adira Finance
Does not hold concurrent positions at Adira Finance
Other Public Companies
Does not hold concurrent positions in other public companies
Other Institutions
1. Member of the Sharia Supervisory Board of PT Sun Life Financial Indonesia (2017-present)
2. Lecturer at the Faculty of Islamic Religion, Muhammadiyah University, Jakarta (1995-present)
Education or Training to Improve Pre-Annual Meeting of the Sharia Supervisory Board X 2025 - National Sharia Council-Indonesian Ulema Council
Competency 2025 (October 7, 2025)
Certification Certification from BNSP (National Professional Certification Agency) as a Sharia Supervisor
Affiliate Relationship Does not have affiliation with members of the Board of Commissioners, members of the Board of Directors, and
controlling shareholders
Domicile Jakarta
Number of ADMF Share Ownership 0 shares
Term of Office October 1, 2025 until the closing of the Annual General Meeting of Shareholders for the 2028 financial year
106 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 109
Corporate
Profile
CHANGES TO THE COMPOSITION OF Performance
Highlights
THE BOARD OF COMMISSIONERS AND/OR
BOARD OF DIRECTORS
Opening
Management
Report
To further improve the Company’s performance, BOARD OF DIRECTORS
Adira Finance made changes to the composition of I Dewa Made Susila : President Director Management
Discussion
and Analysis
its Board of Commissioners and Board of Directors. Swandajani Gunadi : Director
On March 25, 2025, based on the resolutions of the Niko Kurniawan Bonggowarsito : Director
Annual General Meeting of Shareholders (AGMS), Harry Latif : Director
Corporate
Governance
the following decisions were made: Denny Riza Farib : Director
1. Accepted the resignation of Eng Heng Nee Sigit Hendra Gunawan : Director
Environmental
Philip from his position as Commissioner of Sylvanus Gani Kukuh Mendrofa : Director and Social
Responsibility
the Company, effective as of the closing of the Takanori Mizuno : Director
Meeting, with gratitude for his services to the Ricky Gunawan : Director
Supporting
Company. Data
2. Approved the retirement of Hafid Hadeli as Furthermore, in connection with the merger of
Commissioner of the Company, effective as of Mandala Finance with the Company, in accordance
the closing of the Meeting, with gratitude for his with the results of the Extraordinary GMS on June
services to the Company. 30, 2025 and the decision on the Assessment of the
3. Approved the appointment of Honggo Widjojo Capability and Suitability of members of the Board
Kangmasto as the new Commissioner of the of Commissioners and Board of Directors as stated
Company, effective as of the date of passing the in deed number 65 dated September 30, 2025,
Fit and Proper Test from the Financial Services drawn up before Mala Mukti, S.H., LL. M., Notary in
Authority for his appointment as Commissioner Jakarta, the composition of the Company's Board
of the Company, for the remainder of the term of Commissioners and Board of Directors as of
of office of the current members of the Board of December 31, 2025 is as follows:
Commissioners of the Company.
4. Approved the appointment of Ricky Gunawan BOARD OF COMMISSIONERS
as the new Director of the Company, effective Daisuke Ejima : President Commissioner
from the date of passing the Fit and Proper Krisna Wijaya : Independent Commissioner
Test from the Financial Services Authority for Manggi Taruna Habir : Independent Commissioner
his appointment as Director of the Company, Congsin Congcar : Commissioner
for the remainder of the term of office of the Honggo Widjojo
current members of the Board of Directors of the Kangmasto : Commissioner
Company.
BOARD OF DIRECTORS
Therefore, the composition of the Company’s Board I Dewa Made Susila : President Director
of Commissioners and Board of Directors is as Swandajani Gunadi : Director
follows: Niko Kurniawan
Bonggowarsito : Director
BOARD OF COMMISSIONERS Harry Latif : Director
Daisuke Ejima : President Commissioner Denny Riza Farib : Director
Krisna Wijaya : Independent Commissioner Sigit Hendra Gunawan : Director
Manggi Taruna Habir : Independent Commissioner Sylvanus Gani Kukuh
Congsin Congcar : Commissioner Mendrofa : Director
Honggo Widjojo Ricky Gunawan : Director
Kangmasto : Commissioner
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 107
Page 110
SENIOR OFFICERS PROFILE
Takanori Mizuno
Deputy Director – Head of Business Alliance Strategy Officer
Japanese Citizen, 49 years old
He has served as Deputy Director – Head of Business Alliance Strategy Officer at the Company since 2025. He previously served at the
Company (prior to the merger with PT Mandala Multifinance Tbk) as Director of Alliance Strategy and as Managing Director at MUFG
Bank Ltd. He earned a Bachelor of Laws degree from Kyoto University in 2000.
Andy Sutanto
Deputi Director – Head Of Retail MCY Business & Head of
Non-Auto Business
Indonesian Citizen, 56 years old
Appointed as Deputy Director – Head of MCY Business in the Company since 2011 and Deputy Director– Head Of Non-Auto Business
since 2024. Prior to starting his career in the Company as Area Marketing Manager in 1997, he worked as an Account Officer at PT Bank
Bali Tbk. He earned his Bachelor of Economics degree from Atma Jaya University in 1995
Manuel D. Irwanputera
Deputi Director – Head of Digital Business
Indonesian Citizen, 50 years old
Appointed as Deputy Director – Head of Digital Center of Excellence in the Company since 2018. Prior to joining the Company, he served
as Chief Executive Officer at PT KerjaKu Inti Sejahtera and as Chief Operating Officer at PT Kreatif Media Karya. He earned his Bachelor
of Electrical Engineering degree from Atma Jaya University in 1997.
108 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 111
Corporate
Profile
Performance
Highlights
Opening
Management
Report
Management
Discussion
and Analysis
Corporate
Governance
Pramono Pranoto
Deputi Director – Head of Risk Management
Indonesian Citizen, 47 years old
Environmental
and Social
Responsibility
Appointed as Deputy Director – Head of Risk Management in the Company since 2023. Prior to joining the Company, he served as a
senior consultant at SPSS Indonesia and Acorn Marketing Consultant. He earned his Master of Industrial Management & Master of Supporting
Data
Advanced Statistics from Katholieke Universiteit Leuven, Belgium in 2003.
Danny Hendarko
Deputi Director – Chief of Harmony Integration Officer
Indonesian citizen, 55 years old
He has served as Deputy Director – Chief of Harmony Integration Officer at the Company since 2025. Prior to joining the Company,
he served as a Director at PT Mandala Multifinance. He earned a Bachelor’s degree in Industrial Engineering from the University of
Surabaya.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 109
Page 112
Frederick Nathanel Billy Parlagutan
Operation Harmony Integration Executive Officer dan IT Head of New Car 3 Business
Harmony Integration Executive Officer Indonesian citizen, 50 years old
Indonesian citizen, 36 years old
Prior to joining the Company, he served as Area Manager
Prior to joining the Company, he served as a Director at PT
at PT Sanggar Mas Jaya. Earned his Bachelor’s degree in
Madala Multifinance Tbk. He holds a Bachelor of Business
Management from YKPN University.
and Finance and a Master of Applied Finance from Monash
University.
A Melati Cahaya Cinta Chandra Hermanto
Head of Business Alliance Strategy Head of Honda NMCY Business
Indonesian citizen, 43 years old Indonesian citizen, 52 years old
Prior to joining the Company, she served as Director, Head
Prior to joining the Company, he served as Manager
of Corporate and Investment Banking Department at
at Pratama Finance. Earned his Bachelor’s degree in
MUFG Bank Ltd, Jakarta Branch. Earned her Bachelor’s
Economics from Persada Indonesia YAI University.
degree in Accounting from Atma Jaya Catholic University
of Indonesia.
Reza Hasyim Tamin Yustina Ernawati
Head of National Fleet Business Head of Used MCY Business
Indonesian citizen, 49 years old Indonesian citizen, 53 years old
Prior to joining the Company, he served as Marketing
Prior to joining the Company, she served as Branch Head at
Director at PT Bestindo Cakra Utama. Earned his Bachelor’s
WOM Finance. Earned her Bachelor’s degree in Economics
degree in Japan Literature from Dharma Persada
from Atma Jaya University, Yogyakarta.
University.
Dwi Prasetiyo Agus Hamid Arief
Head of New Car 1 Business Head of New Car 2 Business
Indonesian citizen, 50 years old Indonesian citizen, 54 years old
Prior to joining the Company, he served as Sales Head at
Prior to joining the Company, he served as Finance Officer
Astra Credit Companies. Earned his Bachelor’s degree in
at PT Citra Jenesia Persada. Earned his Bachelor’s degree
Economics from STIE YKPN University.
in Accounting from STIE YPKP.
110 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Corporate
Profile
Performance
Highlights
Ronald Donna Dani Renhard Hutabarat
Opening
Head of Used Car Business Head of Business Retention
Indonesian citizen, 44 years old Indonesian citizen, 47 years old
Management
Prior to joining the Company, he served as Branch Head at Prior to joining the Company, he served as Head of Report
Astra Credit Companies. Earned his Bachelor’s degree in Retention Strategy and Channel at PT BFI Finance
Computer Science from Dian Nuswantoro University. Indonesia. Earned his Bachelor’s degree in Economics
from Universitas Semarang and a Bachelor’s degree in
Management
Communications from Mercubuana University. Discussion
and Analysis
Corporate
Governance
Environmental
and Social
Responsibility
Trianto Subekti Surya Almada Syahlani
Head of Yamaha NMCY Business Head of SSD Management Supporting
Indonesian citizen, 56 years old Indonesian citizen, 47 years old Data
Prior to joining the Company, he worked as Assistant With over 25 years of experience in the financing industry,
Manager at PT Hobart Adi Hutama. Earned his Bachelor’s prior to serving as Head of SSD Management, he had a
degree in Naval Engineering from Adhi Tama Institute of track record as Regional Head of Bali and Nusa Tenggara
Technology Surabaya. as well as Central Java. He earned a Bachelor of Economics
degree in accounting from the Indonesian College of
Economics in Surabaya.
Herru Damarjati Kristian Nugraha Yosef
Head of MCY Business Strategy & Portfolio Management Head of Fincassurance & Branch MKT Support
Indonesian citizen, 48 years old Indonesian citizen, 40 years old
Prior to joining the Company, he served as Head of UPT-E Prior to joining the Company, he served Earned his
(Integrated Service Unit - Information Technology) at PT Bachelor’s as Area Representative at PT Toyota Astra
Astra International Tbk. Earned his Bachelor’s degree in Motor. Bachelor’s degree from Universitas Bina Nusantara
Communications from National Development University University.
’’Veteran’’ and Master’s degree in Information Technology
from University of Indonesia.
Danny William Indra Meyman Harefa
Head of Business System Solution Head of Business Channeling
Indonesian citizen, 53 years old Indonesian citizen, 54 years old
Prior to joining the Company, he worked as an Internal Prior to joining the Company, he served as Production &
Auditor and IT Security Management System Manager at Purchasing Officer at PT Millenium Tiga Gemilang-Red
PT Astra Honda Motor Tbk. He earned a Bachelor’s degree Promo. Earned his Bachelor’s degree in Accounting from
in Engineering from Trisakti University. STIE Swadaya.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 111
Page 114
Valen Riediv Kiernadi Nanang Kurniawan
Head of Non Auto Product & Program Dev Head of Regional SSD
Indonesian citizen, 44 years old Indonesian citizen, 51 years old
Prior to joining the Company, he served as General Prior to joining the Company, he served as Representative
Manager of Corporate Culture and Change Management at Head at PT Federal International Finance. Earned his
PT Paramount Enterprise International. Earned his Bachelor’s degree in Engineering from Merdeka University
Bachelor’s degree in Economics from Indonesian Institute Malang.
of Business and Informatics.
Krisdianto Agus Hartanto
Head SSD Collaboration and Project Head of Regional SSD
Indonesian citizen, 53 years old Indonesian citizen, 53 years old
Prior to joining the Company, he served as salesman at Prior to joining the Company, he served as Branch Manager
PT Bumi Kalpataru. Earned his Associate degree from at PT Federal International Finance. Earned his Bachelor’s
Perbanas Institute. degree in Engineering from Gadjah Mada University.
Yusron Iwan Chandra
Head of Syariah Head of Regional SSD
Indonesian citizen, 49 years old Indonesian citizen, 52 years old
Prior to joining the Company, he served as Finance Manager Prior to joining the Company, he worked as a Branch
at PT Larasindo Jaya Agrotama. Earned his Master’s degree Manager at ITC Finance. He earned a Bachelor’s degree in
in Business Administration from Gadjah Mada University. Engineering from ISTP Medan.
Andree Wibowo Inge Sugianti
Head of SSD Operation Support & Mgt Office Head of SSD Business Requirement and Development
Indonesian citizen, 52 years old Indonesian citizen, 51 years old
Prior to joining the Company, he served as Finance Prior to joining the Company, she served as Operations
Controller at PT Ungaran Sari Garmen. Earned his Manager at Astra Credit Companies. Earned her Bachelor’s
Bachelor’s degree in Economics from Satya Wacana degree in Management Economics from Satya Wacana
Christian University. Christian University.
112 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Corporate
Profile
Performance
Highlights
Handi Basuki Tri Rahardjo
Opening
Head of Regional SSD Head of Regional SSD
Indonesian citizen, 53 years old Indonesian citizen, 51 years old
Management
Earned his Bachelor’s degree in Accounting from STIE Before joining the Company, he had no prior experience Report
Tridharma Bandung. working for any company. He earned a Bachelor›s degree
in Law from Merdeka University, Malang.
Management
Discussion
and Analysis
Corporate
Governance
Environmental
and Social
Responsibility
Irfan Budianto Yoppy Edyson Tulalo
Head of Regional SSD Head Of Regional SSD Supporting
Indonesian citizen, 53 years old Indonesian citizen, 49 years old Data
Prior to joining the Company, he served as Risk Prior to joining the Company, he served as Branch Head
Management Department Head at PT Astra Sedaya at PT Busan Auto Finance. Earned his Bachelor’s degree in
Finance. Earned his Bachelor’s degree in Animal Science Marine Science from Universitas Sam Ratulangi.
from Brawijaya University.
I Gusti Ngurah Agung Budiyana Rohmad Amirul Mukminin
Head of Regional SSD Head of Accounting & Tax dan Head of Corporate Finance
Indonesian citizen, 47 years old Indonesian citizen, 46 years old
Before joining the Company, he had no prior experience Prior to joining the Company, he served as Vice President-
working for any company. He earned a Bachelor’s degree Finance at PT Triputra Agro Persada. Earned his Bachelor’s
in Economics and Management from Warmadewa degree in Economics, majoring in Accounting from
University. Airlangga University.
Adhika Baluh Sempana Rudy Sumaryadi
Head of Regional SSD Head of Regional SSD
Indonesian citizen, 47 years old Indonesian citizen, 54 years old
Prior to joining the Company, he served as Branch Before joining the Company, he worked as a Surveyor at
Manager for Loans at HSBC, Hongkong and Shanghai Bank PT Putra Surya Multidana (PSM Grup PSP). He earned a
Corporation. Earned his Bachelor’s degree in Financial Bachelor›s degree from Borobudur University.
Management Economics from Trisakti University.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 113
Page 116
Suwanto Andi Tirta Kurniawan
Head of Regional SSD Head of Risk Analytics & MIS
Indonesian citizen, 54 years old Indonesian citizen, 47 years old
Over 30 years of experience in the financing industry with Prior to joining the Company, he served as Executive Vice
responsibility for leading all sales, service, and distribution President - Group Head of Operations at PT Busan Auto
activities at the Regional Office. Earned a Bachelor's degree Finance. He holds a Master of Business Administration
from the Wika Jasa Semarang Academy of Accounting from Nexford University.
and Finance.
Weldia Putra Caniago Arief Budi Winarto
Head of Regional SSD Head of Information Risk Management
Indonesian citizen, 49 years old Indonesian citizen, 40 years old
Prior to joining the Company, he had no previous career Prior to joining the Company, he served as Cyber Security
at any other company. He earned a Bachelor›s degree in Division Head at PT Bank of India Indonesia. He holds
Economics. a Master of Information Technology degree from the
University of Indonesia.
Didik Sukarmadi Stephanus Taufan Wibowo
Head of Procurement Head of Credit Policy Development & Business Incubation
Indonesian citizen, 49 years old Indonesian citizen, 50 years old
Prior to joining the Company, he served as Head of Service Prior to joining the Company, he served as Credit Operation
and Infrastructure Management at PT Netciti Persada. Head at PT BFI Finance Indonesia Tbk. Earned his Master’s
Earned his Bachelor’s degree in Engineering from STT degree in Management from Gadjah Mada University.
Telkom.
Maria Sari Dewi Kusuma Veronika Dyah Puspitaningrum
Head of Finance & Cash Management dan Head of Head of Compliance & AML Unit dan Head of Corsec &
Funding & Capital Market Investor Relations
Indonesian citizen, 55 years old Indonesian citizen, 45 years old
Prior to joining the Company, she worked as an Account Previous Experience: Prior to joining the Company, she
Officer at Bank Hastin Internasional. Earned her Bachelor’s served as Head of Risk and Fraud Management at PT
degree in Economics from Widya Mandala Catholic Fintek Karya Nusantara. Earned her Bachelor’s degree in
University. Political Science from Padjajaran University and Master’s
in Law from Pelita Harapan University.
114 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Corporate
Profile
Performance
Highlights
Achmad Komara Heru Susanto
Opening
Head of Operational Risk Management Head of Regional Credit
Indonesian citizen, 54 years old Indonesian citizen, 45 years old
Management
Prior to joining the Company, he worked as Account He had never worked at any other company before joining Report
Manager at KAP Haryanto Sahari & Partners the Company. He holds a Diploma 3 from the Sepuluh
(PricewaterhouseCoopers). Master’s degree in Nopember Institute of Technology.
Management from Bogor Agricultural Institute.
Management
Discussion
and Analysis
Corporate
Governance
Environmental
and Social
Responsibility
Ingrid Sri Komala Dewi Kuswondo
Head of Quality Assurance Head of Regional Credit Supporting
Indonesian citizen, 54 years old Indonesian citizen, 47 years old Data
Prior to joining the Company, she served as Senior Auditor Prior to joining the Company, he served as Head of
at Ernst & Young and Audit Supervisor at Deloitte Touche Representative Office at Federal International Finance.
Tohmatsu. Earned her Bachelor’s degree in Accounting Earned his Bachelor’s degree in Economics from Islamic
from Tarumanagara University. University of North Sumatera.
Wahyu Basuki Faizal
Head of Credit Fleet & SME Head of Regional Credit
Indonesian citizen, 45 years old Indonesian citizen, 49 years old
Prior to joining the Company, he served as Credit Analyst Prior to joining the Company, he worked as a Contract Staff
Manager for Fleet & Non-Automotive at PT Clipan Finance at the State Treasury Service Office in Bandar Lampung.
Indonesia. Earned his Bachelor’s degree in Geological Earned his Bachelor’s degree in Social Sciences from
Engineering from Universitas Gadjah Mada. Lampung University.
Ivan Adlin Havid Ardiansyah
Head of Regional Credit Head of Regional Credit
Indonesian citizen, 38 years old Indonesian citizen, 44 years old
He had never worked for another company before joining He worked at CIMB Niaga Finance before joining the
the Company. He holds a Bachelor’s degree in Political Company. He holds a Bachelor’s degree in Economics from
Science from Sriwijaya University. Trisakti University.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 115
Page 118
Henry Winiarto Anggoro Listiawan
Head of Regional Credit Head of Regional Credit
Indonesian citizen, 54 years old Indonesian citizen, 52 years old
He had never worked at any other company before joining Prior to joining the Company, he worked as a Project
the Company. He holds a Bachelor›s degree in Law from Supervisor at Waskita Karya. Earned his Bachelor’s degree
Sebelas Maret State University. from YKPN Academy of Engineering.
Andhika Suwardi Dedy Hendryawan Pribadi
Head of Regional Credit Head of Regional Credit
Indonesian citizen, 40 years old Indonesian citizen, 45 years old
Prior to joining the Company, he worked as an IT staff at Prior to joining the Company, he worked as a technical staff
the Provincial Education Office of North Sumatra. Earned member at CV Hartono Computer. He earned a Bachelor›s
his Bachelor’s degree in Economics from Muhammadiyah degree in Mechanical Engineering from the University of
University of North Sumatera. Muhammadiyah Malang
Heru Sulistyo Ahmad Rifo
Head of Regional Credit Head of Tele Collection
Indonesian citizen, 50 years old Indonesian citizen, 41 years old
He earned a Diploma in Banking Finance from the Prior to joining the Company, he worked as MIS Analytic
Indonesian Academy of Finance & Banking in Bandung. Manager at PT Mandala Multifinance. She holds a
Bachelor’s degree in Informatics Engineering from Trisakti
University.
Okto Perdana Mahfudz Komang Ngurah Kusuma Wijaya
Head of Regional Credit Head of Regional Credit
Indonesian citizen, 48 years old Indonesian citizen, 48 years old
Prior to joining the Company, he worked at PT Adira Prior to joining the Company, he worked as a Credit Team
Quantum Multifinance. He earned a Bachelor’s degree member with his last position as Credit Supervisor at PT
from Airlangga University. Courts Indonesia, Tbk. Earned his Bachelor’s degree in
Agriculture from Bogor Agricultural Institute.
116 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Corporate
Profile
Performance
Highlights
Muh Rahmat Jufriadi Irwan Sany
Opening
Head of Regional Credit Head of Regional Collection
Indonesian citizen, 52 years old Indonesian citizen, 46 years old
Management
Prior to joining the Company, he worked as Promotion Prior to joining the Company, he worked as a Marketing Report
Head at PT Penerbit Erlangga. He earned a Bachelor›s Manager at PT Nyonya Meneer. He earned a Diploma 3
degree from Hasanuddin University. from Budi Luhur University.
Management
Discussion
and Analysis
Corporate
Governance
Environmental
and Social
Responsibility
Henrick Kusno Sujarwadi Denny Supratman
Head of Coll Str, Analytics & Monitoring Head of Regional Collection Supporting
Indonesian citizen, 46 years old Indonesian citizen, 48 years old Data
Prior to joining the Company, he worked as Fleet Credit He earned a Bachelor’s degree in Political Science from
Administration Head at PT Astra Sedaya Finance. He STISIP Syamsul Ulum Private University.
earned a Bachelor’s degree in Engineering from Gadjah
Mada University.
Balebang Danardana Ichwan Djoko Witono
Head of Asset Recovery Operation Head of Regional Collection
Indonesian citizen, 49 years old Indonesian citizen, 54 years old
Earned his Bachelor’s degree in Engineering from Telkom Prior to joining the Company, he worked as a Regional
University and Master in Business Administration from Coordinator at Mashill Finance. Earned his Associate degree
Institute Technology of Bandung. from Akademi Keuangan dan Perbankan Indonesia.
Ingrid Setiadharma Ristua Maria Butar Butar
Head of Legal Head of Regional Collection
Indonesian citizen, 58 years old Indonesian citizen, 49 years old
Prior to joining the Company, she worked as Senior Prior to joining the Company, she worked as Administration
Manager of Legal/ Compliance at PT U Finance Indonesia staff at PT Riza Mitra Group. Earned her Bachelor’s degree
and Senior Assistant Manager of Legal/Compliance at The in Economics from North Sumatera University.
Bank of Tokyo-Mitsubishi-UFJ, Ltd. Earned her Bachelor’s
degree in Law from Tarumanagara University. Additionally,
she completed the Advocate Professional Education from
the Indonesian Advocates Association.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 117
Page 120
Alamsyah Kurniadhien Anak Agung Gede Sasmatra Putra
Head Regional Collection Head of Regional Collection
Indonesian citizen, 49 years old Indonesian citizen, 50 years old
Prior to joining the Company, he had never worked for Earned his Bachelor’s degree in Civil Engineering from
another company. He earned a Bachelor’s degree from Udayana University.
STIE Tri Dharma Widya Jakarta.
Tugino Candra Kartiko Ahmad Rusydi
Head of Regional Collection Head of Regional Collection
Indonesian citizen, 54 years old Indonesian citizen
Prior to joining the Company, he worked as a Sales Officer
at KIA Motor Indonesia. Earned his Bachelor’s degree in
Engineering from Muhammadiyah University of Malang.
Eko Chandra Asril Naldi Lazuardi
Head of Regional Collection Head of Regional Collection
Indonesian citizen, 48 years old Indonesian citizen
He earned a bachelor›s degree from Jenderal Achmad Yani
University.
Tengku Zainal Arifin Binordi Harkel Purba SP
Head of Regional Collection Head of Regional Collection
Indonesian citizen, 50 years old Indonesian citizen, 50 years old
Prior to joining the Company, he had a career as Manager Earned his Bachelor’s degree from University of North
at CV Tira Chitrasih). Earned his Bachelor’s degree from Sumatera.
Muhammadiyah University of North Sumatra
118 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Corporate
Profile
Performance
Highlights
Henry Willem Panjaitan Wendi Winduwasono
Opening
Head of Regional Collection Head of Digital Sales & Marketplace
Indonesian citizen, 49 years old Indonesian citizen, 54 years old
Management
Before joining the Company, he worked as a Marketing Prior to joining the Company, he served as Business Report
Supervisor at PT Gemilang Selaras Mandiri Tbk. He holds System Manager at Wyeth Nutrition Indonesia. Earned his
a Master’s degree in Management from Tarumanagara Master’s degree in Business Administration from Institute
University. Technology of Bandung.
Management
Discussion
and Analysis
Corporate
Governance
Environmental
and Social
Responsibility
Sofyan Arifin Ricky Mas Basuardi
Head of Regional Collection Head of IT Operation dan Head of IT Data Supporting
Indonesian citizen, 51 years old Indonesian citizen, 51 years old Data
Prior to joining the Company, he served as Finance Section Prior to joining the Company, he worked as a Software
Head at PT Behaestex. Earned his Bachelor’s degree in Developer at PT Collega Inti Pratama. Earned his Bachelor’s
Economics from Airlangga University degree in Computer Engineering from STIK Jakarta.
Wawan Yulianto Teguh Supriyatna Putera
Head of AR Management Dev Analytics & Incubation Head of IT Planning & Govenance
Indonesian citizen, 47 years old Indonesian citizen, 49 years old
Prior to joining the Company, he worked as the Division Prior to joining the Company, he served as Director at
Head of Risk, Credit, Operations, and Regional Marketing at PT NuVision Consulting. Earned his Master’s degree in
PT Mandiri Tunas Finance. He holds a Bachelor›s degree Business Administration from Vlerick Business School
from AKI University.
Henri Halim Gita Amanda
Head of Strategic Transformation Head Of Digital Lending
Indonesian citizen, 37 years old Indonesian citizen, 43 years old
Prior to joining the Company, he served as Director of Prior to joining the Company, she served as Assistant
Business at FLIP Group. He holds a Bachelor’s degree in Promotion Manager at PT Swadaya Panduartha. Earned
Information Technology from RMIT University, Melbourne. her Bachelor’s of Arts from Curtin University, Perth.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 119
Page 122
Edwin Kartawinata Dolly Arora
Head of Digital Acquistion & Ecosystem Head of Corporate University
Indonesian citizen, 42 years old Indonesian citizen, 46 years old
Prior to joining the Company, he worked as Vice President Prior to joining the Company, she served as eLearning
of Marketing at Kapanlagi Youniverse. He holds a Bachelor’s Production Manager at PT Mitra Integrasi Komputindo.
degree in Computer Engineering from Bina Nusantara Earned his Bachelor’s degree in English Literature
University. from University of Indonesia and Master’s degree in
Management from Trisakti University.
Adhitya Hartowo Hanafi Suprapto
Head of IT Infrastructure Head of Corporate Real Estate Management
Indonesian citizen, 47 years old Indonesian citizen, 55 years old
Prior to joining the Company, he worked as a Program Prior to joining the Company, he worked as a Structure
Director at Numisec. He earned a Bachelor’s degree in Engineer at PT Rematha Dacrea Optima. Earned his
Business Management from the London School of Public Bachelor’s degree in Engineering from Atma Jaya
Relations. University.
Iyan Waer Gandhy Inderayana
Head of IT Architecture dan Head of IT Development Head of Brand & Corporate Communications
Indonesian citizen, 46 years old Indonesian citizen, 46 years old
Prior to joining the Company, he served as Chief Operating Prior to joining the Company, he served as Brand
Officer and Co- Founder of Swipecrypto Pte. Ltd. Earned Management Head and Digital & Online Marketing Head
his Master’s degree in Management from Atma Jaya at PT Bank Danamon Indonesia Tbk. Earned his Bachelor’s
University. degree in Computer Science from Bina Nusantara
University.
Budi Pranoto Rachmat Adijayadi
Head of IT Business Partner Head of IT Security
Indonesian citizen, 46 years old Indonesian citizen, 41 years old
Prior to joining the Company, he served as IT General Prior to joining the Company, he served as Head of
Manager at Suzuki Finance Indonesia. Earned his Information Security & GRC at PT Bank Aladin Syariah Tbk.
Bachelor’s degree in Computer Science from Bina He holds a Bachelor›s degree in Computer Engineering
Nusantara University. from Gunadarma University.
120 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Corporate
Profile
Performance
Highlights
Tri Evita Aryani Lindawati Soetopo
Opening
Head of Human Capital & General Affairs Finance Harmony Integration Executive Officer
Indonesian citizen, 57 years old Indonesian citizen, 55 years old
Management
Prior to joining the Company, she served as Vice President Prior to joining the Company, she served as Deputy Report
of Human Capital Division at Gunung Steel Group. Earned Director of Finance at PT Mandala Multifinance Tbk. She
her Bachelor’s degree in Economics from University of earned a Bachelor of Economics degree from Atma Jaya
Indonesia. University.
Management
Discussion
and Analysis
Corporate
Governance
Environmental
and Social
Responsibility
Tania Endah Budhi Sandy Susanto
Head of Marketing Strategy & Customer Experience Business Harmony Integration Executive Officer dan Supporting
Indonesian citizen, 45 years old Marketing Harmony Integration Executive Officer Data
Indonesian citizen, 38 years old
Prior to joining the Company, she served as Head of
Ground Operations and Customer Management at Prior to joining the Company, she served as Marketing &
PT Indonesia AirAsia. Earned her Master’s degree in Sales Director at PT Mandala Multifinance Tbk. She earned
Business Administration with Marketing Specialization a Bachelor of Engineering and a Bachelor of Computer
from Nanyang Technological University. Science.
Andreas Burhan Tasmaan Suang Siang Susanto
Head of Business Analytics Risk Harmony Integration Executive Officer dan HC
Indonesian citizen, 46 years old Harmony Integration Executive Officer
Indonesian citizen, 60 years old
Prior to joining the Company, he served as VP of Digital
Banking Analytics & Campaign Management at PT Prior to joining the Company, he served as Deputy Director
Bank DBS Indonesia. He holds a Bachelor’s degree from of Transformation at PT Mandala Multifinance. He holds
Parahyangan University. a Bachelor’s degree in Accounting from Tarumanegara
University.
Haryadwi Saputra Kartawidjaja Daniel Deky Bakker
Head of Internal Audit Regional Harmony Integration Executive Officer dan
Indonesian citizen, 46 years old Collection Harmony Integration Executive Officer
Indonesian citizen, 50 years old
Prior to joining the Company, he served as Vice President
at Citibank NA. He holds a Bachelor’s degree in Accounting Prior to joining the Company, she served as Business
and Finance from Wright State University. Deputy Director at PT Mandala Multifinance Tbk.
She earned a Bachelor of Management degree from
Hasanuddin University.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 121
Page 124
NUMBER AND DATA OF EMPLOYEE
COMPETENCY DEVELOPMENT [SEOJK C.3] [GRI 2-7]
Number of Employees based on Directorate
Directorate 2021 2022 2023 2024 2025
Compliance Directorate 5 5 8 9 10
Finance Directorate 102 97 104 102 98
HC Management & CREM Directorate 279 306 333 325 319
Technology Information & Digital Center 345 364 410 428 403
of Excellence Directorate
Operations Directorate 739 697 0 0 0
Sales & Distribution Directorate 6,931 6,985 7,741 7,912 7,199
Collection & Legal Directorate 0 8,454 7,667 7,278 6,706
Portfolio Sales Directorate 196 214 199 215 240
Marketing & Digital Center of Excellence Directorate 61 62 69 79 75
Business Alliance Strategy & Transformation 9 12 61 66 43
Directorate
Risk Directorate 8,364 44 594 621 633
Directly under the President Director 62 61 57 63 90
Harmony Integration Directorate 0 0 0 0 5,000
Total 17,093 17,301 17,243 17,098 20,816
Number of Employees based on Level of Organization/Position
Level Organisasi/Jabatan 2021 2022 2023 2024 2025
Board of Directors 7 5 6 8 8
Deputy Director 7 7 9 6 4
Head of Division 70 69 73 74 85
Manager 719 734 785 847 966
Supervisor 3,884 3,912 4,025 4,203 4,730
Staff 12,406 12,574 12,345 11,960 15,023
Total 17,093 17,301 17,243 17,098 20,816
Number of Employees based on Education Level
Education Level 2021 2022 2023 2024 2025
Postgraduate 87 90 104 111 147
Undergraduate 11,571 11,770 11,926 12,008 14,051
Diploma 3,266 3,212 3,125 3,063 3,268
High School 2,166 2,226 2,085 1,913 3,338
Junior High School 3 3 3 3 11
Elementary School 0 0 0 0 1
Total 17,093 17,301 17,243 17,098 20,816
Number of Employees based on Employment Status
Status Kepegawaian 2021 2022 2023 2024 2025
Non-Permanent 3,110 3,389 2,524 2,129 5,478
Permanent 13,983 13,912 14,719 14,969 15,338
Total 17,093 17,301 17,243 17,098 20,816
122 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 125
Corporate
Profile
Number of Employees based on Age
Performance
Highlights
Usia 2021 2022 2023 2024 2025
<26 years old 824 790 881 782 1.028
Opening
26<-<36 years old 9,685 9,426 8,883 8,391 9,999
36<-<46 years old 5,890 6,172 6,370 6,569 7,896
Management
46<-<51 years old 586 765 905 1,095 1,515 Report
51<-<55 years old 101 142 200 255 362
>55 years old 7 6 4 6 16 Management
Discussion
and Analysis
Total 17,093 17,301 17,243 17,098 20,816
Number of Employees based on Term of Office
Corporate
Governance
Masa Kerja 2021 2022 2023 2024 2025
<1 year 2,345 1,728 1,512 1,446 5,811 Environmental
and Social
Responsibility
1<-<5 year 5,759 5,820 5,780 5,046 4,797
5<-<10 year 3,510 3,257 3,337 3,915 3,714
Supporting
Data
10<-<15 year 3,579 4,333 4,067 3,900 3,484
15<-<20 year 1,711 1,884 2,111 1,957 1,742
20<-<25 year 174 250 356 764 1,200
25 year 15 29 80 70 68
Total 17,093 17,301 17,243 17,098 20,816
Number of Employees by Gender
Direktorat 2021 2022 2023 2024 2025
Male 14,143 14,205 13,963 13,694 16,384
Female 2,950 3,096 3,280 3,404 4,432
Total 17,093 17,301 17,243 17,098 20,816
Employee Competency Development Data 2025 [SEOJK F.22][GRI 404-2]
Number of Participants and Position Level
Training Type Training Objective
Senior Middle Junior and Non
Management Management Management
Qualifications Preparing the competencies of job holders according to 156 1,776 3,256
and Leadership certain rank levels
Mandatory Providing insights and knowledge that employees 135 1,876 59,604
must understand based on regulations, and ensuring
business continuity through good corporate governance
procedures and risk mitigation.
Functional Increase employee competency according to position 198 9,407 50,267
function
Transformation Preparing employee competencies in carrying out - 627 6,715
company transformation programs
Supplementary Optimizing employee potential so that they become 140 2,983 17,789
more effective individuals and employees
Employee Competency Development Costs [SEOJK F.22][GRI 404-2]
Pelatihan Karyawan 2021 2022 2023 2024 2025
Number of Training Participants 202,686 172,951 175,264 153,949 147,183
Training and Development Costs (IDR billion) 11.1 64.7 80.2 69.37 67.85
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 123
Page 126
SHAREHOLDERS COMPOSITION
MAJOR AND CONTROLLING SHAREHOLDERS
PT Bank Danamon Indonesia Tbk has been the controlling shareholder in Adira Finance since January 2004.
Information regarding Adira Finance shareholders as of December 31, 2025, is as follows:
Nominal Value (IDR100,-/Share) Share
Shareholder Name Number of Share Ownership
(IDR) Percentage (%)
PT Bank Danamon Indonesia Tbk 920,700,000 92,070,000,000 74.50%
MUFG Bank Ltd 233,863,559 23,386,355,900 18.92%
PT Adira Dinamika Multi Finance Tbk 9,816,154 981,615,400 0.79%
(Treasury Shares)
PT Zurich Asuransi Indonesia Tbk 4,204,800 420,480,000 0.34%
Public 67,218,596 6,721,859,600 5.45%
Total 1,235,803,109 123,580,310,900 100.00%
Composition of The 20 Largest Shareholders
No Shareholder Name Number of Shares (Shares Ownership Percentage (%)
1 PT Bank Danamon Indonesia Tbk 920,700,000 74.50
2 MUFG Bank, Ltd., 233,863,559 18.93
3 PT Adira Dinamika Multi Finance Tbk 9,816,154 0.79
(Saham Treasuri)
4 Corporate Investors 1 4,703,200 0.38
5 PT Zurich Asuransi Indonesia Tbk 4,204,800 0.34
6 Corporate Investors 2 3,909,600 0.32
7 Corporate Investors 3 3,621,300 0.29
8 Individual Investors 1 3,118,700 0.25
9 Individual Investors 2 1,932,700 0.16
10 Individual Investors 3 1,492,000 0.12
11 Individual Investors 4 1,401,200 0.11
12 Corporate Investors 4 1,195,900 0.10
13 Individual Investors 5 1,080,000 0.09
14 Individual Investors 6 1,080,000 0.09
15 Individual Investors 7 945,700 0.08
16 Corporate Investors 5 878,800 0.07
17 Individual Investors 8 852,000 0.07
18 Individual Investors 9 850,500 0.07
19 Individual Investors 10 820,000 0.07
20 Individual Investors 11 818,000 0.07
Shareholders Composition with Ownership >5%
Ownership Percentage
Shareholder Name Number of Shares (Shares) Amount (IDR)
(%)
January 1, 2025 to December 31, 2025
PT Bank Danamon Indonesia Tbk 920,700,000 92,070,000,000 74.50
MUFG Bank, Ltd., 233,863,559 23,386,355,900 18.92
Total 1,154,563,559 115,456,355,900 93.42
124 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 127
Corporate
Profile
Shareholders Composition with Ownership <5%
Performance
Highlights
OWnership Percentage
Shareholder Name Number of Shares (Shares) Amount (IDR)
(%)
January 1, 2025 to December 31, 2025 Opening
Public 67,218,596 6,721,859,600 5.45
PT Adira Dinamika Multi Finance 9,816,154 981,615,400 0.79 Management
Tbk (Treasury Shares) Report
PT Zurich Asuransi Indonesia Tbk 4,204,800 420,480,000 0.34
Total 81,239,550 8,123,955,000 6.58 Management
Discussion
and Analysis
Shareholders Composition Based On Classification
Corporate
Shareholder Classification Number of Shareholders Number of Shares (Shares) Ownership Percentage (%) Governance
Local Shares
Environmental
Institution 41 944,768,733 76.45 and Social
Responsibility
Individual 7,793 43,278,349 3.50
Foreign Shares Supporting
Data
Institution 41 247,007,809 19.99
Individual 15 748,218 0.06
Total 7,890 1,235,803,109 100.00
Share Ownership (Direct and Indirect) of The Board of Commissioners and The Board of Directors
Shares of Shares of Non
Shares in Adira
Name Position Other Financial Financial
Finance
Institutions Institution
January 1, 2025 to December 31, 2025
Board of Commissioners
Daisuke Ejima President Commissioner - - -
Krisna Wijaya Independent Commissioner - - -
Manggi Taruna Habir Independent Commissioner - - -
Congsin Congcar Commissioner - - -
Honggo Widjojo Kangmasto Commissioner - - -
Board of Directors
I Dewa Made Susila President Director - 15% of the nominal -
value of shares
PT Home Credit
Indonesia
Swandajani Gunadi Director - - -
Niko Kurniawan Director - - -
Bonggowarsito
Harry Latif Director - - -
Denny Riza Farib Director - - -
Sylvanus Gani Kukuh Director - - -
Mendrofa
Sigit Hendra Gunawan Director - - -
Ricky Gunawan Director - - -
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 125
Page 128
SHARE LISTING CHRONOLOGY
Based on the Deed of Statement of Resolution of All Shareholders of PT Adira Dinamika Multi Finance No.
13 dated January 26, 2004, made in the presence of Fathiah Helmi, S.H., Notary in Jakarta, which has been
approved and reported to the Minister of Justice and Human Rights of the Republic of Indonesia, the Company’s
shareholders on January 26, 2004, have, among other things, approved: (i) an increase in the Company’s
authorized capital from IDR100 billion to IDR400 billion and (ii) a change in the nominal value of Company
shares from IDR1,000 per share to IDR100 per share. Based on Deed No. 13/2004, the Company’s shareholders
on January 26, 2004, among others, also approved the sale of shares belonging to Theodore Permadi Rachmat,
namely 90.0% of all shares owned (810,000,000 shares) and those belonging to Stanley Setia Atmadja, namely
10.0% of all shares owned (90,000,000 shares) to strategic investors.
Furthermore, based on the Conditional Sale and Purchase Agreement dated January 26, 2004 (“CSPA”), which
was made privately by Theodore Permadi Rachmat and Stanley Setia Atmadja, both as sellers (“Sellers”) and
PT Bank Danamon Indonesia Tbk (Bank Danamon Indonesia) as the buyer (“Buyer”), immediately after the
Company’s shares were listed on the Jakarta Stock Exchange (BEJ) and Surabaya Stock Exchange (BES) and
the conditions agreed by the Sellers were fulfilled. and the Buyer (including Bank Indonesia’s approval to the
Buyer), the Sellers will transfer some of their remaining share ownership in the Company, namely 750,000,000
shares representing 75.0% of all shares that have been subscribed and fully paid up in the Company to the
Buyer through a direct sale mechanism outside the stock exchange (Direct Placement). The estimated value of
the share transfer in accordance with CSPA is IDR850 billion.
In March 2004, the Company conducted a Public Offering of Shares, namely 100,000,000 shares owned by
the Company’s shareholders (divested shares), representing 10% of all shares subscribed and fully paid up. In
accordance with BES Announcement No. JKT-343/LIST-PENG/BES/III/2004 dated March 29, 2004, which refers
to Company letter No. 071/ADMF/CS/III/04 dated March 25, 2004 regarding Initial Share Listing and BES letter
No. JKT-028/LIST-EMITEN/BES/III/2004 dated March 29, 2004 regarding the Approval for the Initial Listing
of Shares of PT Adira Dinamika Multi Finance Tbk, the number of shares in the Public Offering of Shares
registered on March 31, 2004 and the composition of shareholders and the composition of share ownership in
the Company are as follows:
Number of Nominal Value Percentage
Description
Shares (IDR Thousand) (%)
Authorized Capital 4,000,000,000 400,000,000
Issued and Fully Paid:
- Theodore Permadi Rachmat 810,000,000 81,000,000 81.0
- Stanley Setia Atmadja 90,000,000 9,000,000 9.0
- Public (each with ownership under 5%) 100,000,000 10,000,000 10.0
Amount of Issued and Fully Paid Capital 1,000,000,000 100,000,000 100.0
Shares in Portepel 3,000,000,000 300,000,000
The Company’s shares were registered and offered for the first time to the public on March 31, 2004, listed on
the BEJ and BES (and later merged into the Indonesia Stock Exchange (IDX) with the Issuer code ADMF in the
amount of 100,000,000 shares, with an initial price of IDR2,325 per share from the total number of shares issued
of 1,000,000,000 shares.
126 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 129
Corporate
Profile
2004
Performance
Furthermore, in accordance with BES Announcement No. JKT-166/LIST-PENG/BES/IV/2004 dated April 13, Highlights
2004, which announced the Company’s report based on Letter No.080/ADMF/CS/IV/04 dated April 13, 2004
concerning Information Disclosure in Relation to the Acquisition of PT Adira Dinamika Multi Finance Tbk Shares
Opening
on April 8, 2004, Bank Danamon Indonesia conducted takeover through the Direct Placement mechanism of
750,000,000 shares in the Company or the total nominal value of IDR75,000,000,000 or representing 75.0% of
the total shares issued by the Company, from Theodore Permadi Rachmat and Stanley Setia Atmadja based on Management
Report
CSPA dated January 26, 2004, so that the composition of shareholders and composition of share ownership in
the Company changed to the following:
Management
Discussion
and Analysis
Number Nominal Value Percentage
Description
of Shares (IDR Thousand) (%)
Corporate
Authorized Capital 4,000,000,000 400,000,000 Governance
Issued and Fully Paid:
- Bank Danamon Indonesia 750,000,000 75,000,000 75.0
Environmental
and Social
- Theodore Permadi Rachmat 135,000,000 13,500,000 13.0 Responsibility
- Stanley Setia Atmadja 15,000,000 1,500,000 2.0
- Public (each with ownership under 5%) 100,000,000 10,000,000 10.0 Supporting
Data
Amount of Issued and Fully Paid Capital 1,000,000,000 100,000,000 100.0
Shares in Portepel 3,000,000,000 300,000,000
Furthermore, according to BES Announcement No. JKT-160/LIST-PENG/BES/I/2005 dated January 12, 2005,
which announced the Company’s report based on Letter No.002/ADMF/CS/I/05 dated January 10, 2005,
Mega Value Profits Limited purchased 150,000,000 shares of the Company, consisting of 135,000,000 shares
belonging to Theodore Permadi Rachmat and 15,000,000 shares owned by Stanley Setia Atmadja, as well as
taking a portion of public share ownership of 24,193,500 shares on October 5, 2004. Therefore, the composition
of shareholders and the composition of share ownership in the Company at the end of 2004 were as follows:
Number Nominal Value Percentage
Description
of Shares (IDR Thousand) (%)
Authorized Capital 4,000,000,000 400,000,000
Issued and Fully Paid:
- Bank Danamon Indonesia 750,000,000 75,000,000 75.0
- Mega Value Profits Limited 174,193,500 17,419,350 17.4
- Public (each with ownership under 5%) 75,806,500 7,580,650 7.6
Amount of Issued and Fully Paid Capital 1,000,000,000 100,000,000 100.0
Shares in Portepel 3,000,000,000 300,000,000
2009
In the 2004-2009 period, Mega Value Profits Limited increased its ownership of Adira Finance shares to 20%.
This transaction was a purchase of shares from the public through the IDX, which caused the composition of
shareholders and the composition of share ownership in the Company at the end of the first semester of 2009
to change to the following:
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 127
Page 130
Number of Nominal Value Percentage
Description
Shares (IDR Thousand) (%)
Authorized Capital 4,000,000,000 400,000,000
Issued and Fully Paid:
- Bank Danamon Indonesia 750,000,000 75,000,000 75.0
- Mega Value Profits Limited 200,000,000 20,000,000 20.0
- Public (each with ownership under 5%) 50,000,000 5,000,000 5.0
Amount of Issued and Fully Paid Capital 1,000,000,000 100,000,000 100.0
Shares in Portepel 3,000,000,000 300,000,000
On July 9, 2009, Bank Danamon Indonesia exercised its call option to purchase 20% of Adira Finance’s share
ownership, or the equivalent of 200,000,000 shares, from Mega Value Profits Limited. Due to this transaction,
Bank Danamon increased its share ownership from 75% to 95%. The total share purchase transaction amounted
to IDR1,614 billion (or IDR8,070 per share) with the purchase option premium or prepayment paid amounting
to IDR187 billion and caused the composition of shareholders and the composition of share ownership in the
Company to change to the following:
Number of Nominal Value Percentage
Description
Shares (IDR Thousand) (%)
Authorized Capital 4,000,000,000 400,000,000
Issued and Fully Paid:
- Bank Danamon Indonesia 950,000,000 95,000,000 95.0
- Public (each with ownership under 5%) 50,000,000 5,000,000 5.0
Amount of Issued and Fully Paid Capital 1000,000,000 100,000,000 100.0
Shares in Portepel 3,000,000,000 300,000,000
2016
On January 25, 2016, Bank Danamon Indonesia released 29.2 million shares, or the equivalent of its share
ownership, to the public so that Adira Finance’s minimum number of outstanding shares can meet the
provisions as regulated by Indonesia Stock Exchange Regulation No. I-A concerning the Listing of Shares and
Equity Securities Other than Shares Issued by Listed Companies. This caused the composition of shareholders
and the composition of share ownership in the Company to change to the following:
Number of Nominal Value Percentage
Description
Shares (IDR Thousand) (%)
Authorized Capital 4,000,000,000 400,000,000
Issued and Fully Paid:
- Bank Danamon Indonesia 920,700,000 92,070,000 92.1
- Public (each with ownership under 5%) 79,300,000 7,930,000 7.9
Amount of Issued and Fully Paid Capital 1,000,000,000 100,000,000 100.0
Shares in Portepel 3,000,000,000 300,000,000
2017, 2018, 2019, 2020, 2021, 2022, 2023 and 2024
There were no transactions relating to authorized capital, issued capital, and fully paid-up capital, except for
the transactions mentioned above, which were traded normally on the stock exchange during 2017, 2018, 2019,
2020, 2021, 2022, 2023 and 2024. Furthermore, there are no members of the Board of Commissioners or the
Board of Directors of Adira Finance who own shares in the Company.
128 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 131
Corporate
Profile
2025
Performance
On October 1, 2025, the merger between Mandala Finance and Adira Finance became effective. As a result of Highlights
the merger, there has been a change in the controlling shareholders from previously only PT Bank Danamon
Indonesia Tbk to PT Bank Danamon Indonesia Tbk and MUFG Bank, Ltd. In addition, Adira Finance also has
Opening
treasury shares originating from the implementation of share buyback obligations carried out in accordance
with the provisions of laws and regulations applicable in the capital market sector. The composition of
shareholders and share ownership in the Company as of December 31, 2025, has changed as follows: Management
Report
Number of Nominal Value Percentage
Description
Shares (IDR) (%) Management
Discussion
and Analysis
Authorized Capital 4,000,000,000 400,000,000,000
Issued and Fully Paid:
Corporate
- PT Bank Danamon Indonesia Tbk 920,700,000 92,070,000,000 74.50 Governance
- MUFG Bank, Ltd 233,863,559 23,386,355,900 18.92
- PT Adira Dinamika Multi Finance Tbk (Treasury Shares) 9,816,154 981,615,400 0.79 Environmental
and Social
- PT Zurich Asuransi Indonesia Tbk 4,204,800 420,480,000 0.34 Responsibility
- Public (each with ownership under 5%) 67,218,596 6,721,859,600 5.45
Amount of Issued and Fully Paid Capital 1,235,803,109 123,580,310,900 100.0 Supporting
Data
Shares in Portepel 2,764,196,891 276,419,689,100
Page 132
CHRONOLOGY OF OTHER SECURITIES LISTING
Chronology of Issuance of Debt Securities and Mudharabah Bonds of The Company
Interest
Effective
Payment/
Debt Securities and Mudharabah Bonds Statement Letter No. Total
Profit Sharing
Date
Schedule
Adira Dinamika Multi Finance Bonds I Year 2003 April 23, 2003 No. S-839/ 500,000 Quarterly
PM/2003
Adira Dinamika Multi Finance Bonds II Year 2006 May 24, 2006 No. S-137/ 750,000 Quarterly
BL/2006
Adira Dinamika Multi Finance Bonds III Year 2009 May 4, 2009 No. S-3485/ 500,000 Quarterly
BL/2009
Adira Dinamika Multi Finance Bonds IV Year 2010 October 21, No. S-9564/ 2,000,000 Quarterly
2010 BL/2010
Adira Dinamika Multi Finance Bonds V Year 2011 May 18, 2011 No. S-5474/ 2,500,000 Quarterly
BL/2011
Adira Dinamika Multi Finance Medium-Term Notes I - - 400,000 Quarterly
Year 2011
Adira Dinamika Multi Finance Continuing Bonds I with December 9, No. S-13197/ 2,523,000 Quarterly
Fixed Interest Rate Phase I Year 2011 2011 BL/2011
Adira Dinamika Multi Finance Continuing Bonds I with December 9, No. S-13197/ 1,850,000 Quarterly
Fixed Interest Rate Phase II Year 2012 2011 BL/2011
Adira Dinamika Multi Finance Continuing Bonds I with December 9, No. S-13197/ 1,627,000 Quarterly
Fixed Interest Rate Phase III Year 2011 2011 BL/2011
Adira Finance Continuing Bonds II Phase I Year 2013 February 21, No. 2,000,000 Quarterly
2013 S-37/D.04/2013
Adira Finance Continuing Bonds II Phase II Year 2013 February 21, No. 2,092,000 Quarterly
2013 S-37/D.04/2013
Adira Finance Continuing Bonds II Phase III Year 2014 February 21, No. 1,500,000 Quarterly
2013 S-37/D.04/2013
Adira Finance Continuing Bonds II Phase IV Year 2014 February 21, No. 1,503,000 Quarterly
2013 S-37/D.04/2013
Adira Finance Continuing Bonds III Phase I Year 2015 June 25, 2015 No. 979,000 Quarterly
S-279/D.04/2015
Adira Finance Continuing Bonds III Phase II Year 2015 June 25, 2015 No. 1,437,000 Quarterly
S-279/D.04/2015
Adira Finance Continuing Bonds III Phase III Year 2016 June 25, 2015 No. 1,101,000 Quarterly
S-279/D.04/2015
Adira Finance Continuing Bonds III Phase IV Year 2016 June 25, 2015 No. 1,700,000 Quarterly
S-279/D.04/2015
Adira Finance Continuing Bonds III Phase V Year 2017 June 25, 2015 No. 2,014,000 Quarterly
S-279/D.04/2015
Adira Finance Continuing Bonds III Phase VI Year 2017 June 25, 2015 No. 769,000 Quarterly
S-279/D.04/2015
Adira Finance Continuing Bonds IV Phase I Year 2017 December 4, No. 1,300,000 Quarterly
2017 S-458/D.04/2017
Adira Finance Continuing Bonds IV Phase II Year 2018 December 4, No. 1,630,000 Quarterly
2017 S-458/D.04/2017
Adira Finance Continuing Bonds IV Phase III Year 2018 December 4, No. 2,260,000 Quarterly
2017 S-458/D.04/2017
Adira Finance Continuing Bonds IV Phase IV Year 2018 December 4, No. 618,000 Quarterly
2017 S-458/D.04/2017
Adira Finance Continuing Bonds IV Phase V Year 2019 December 4, No. 2,000,000 Quarterly
2017 S-458/D.04/2017
Adira Finance Continuing Bonds IV Phase VI Year 2019 December 4, No. 1,192,000 Quarterly
2017 S-458/D.04/2017
130 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 133
Corporate
Profile
Interest
Effective
Payment/ Performance
Debt Securities and Mudharabah Bonds Statement Letter No. Total Highlights
Profit Sharing
Date
Schedule
Adira Finance Continuing Bonds V Phase I Year 2020 June 30, 2020 No. 1,300,000 Quarterly Opening
S-182/D.04/2020
Adira Finance Continuing Bonds V Phase II Year 2021 June 30, 2020 No. 1,300,000 Quarterly
Management
S-182/D.04/2020 Report
Adira Finance Continuing Bonds V Phase III Year 2022 June 30, 2020 No. 1,700,000 Quarterly
S-182/D.04/2020
Management
Discussion
Adira Finance Continuing Bonds VI Phase I Year 2023 June 27, 2023 No. 1,700,000 Quarterly and Analysis
S-164/D.04/2023
Adira Finance Continuing Bonds VI Phase II Year 2023 June 27, 2023 No. 1,250,000 Quarterly Corporate
Governance
S-164/D.04/2023
Adira Finance Continuing Bonds VI Phase III Year 2024 June 27, 2023 No. 1,600,000 Quarterly
S-164/D.04/2023 Environmental
and Social
Responsibility
Adira Finance Continuing Bonds VI Phase IV Year 2024 June 27, 2023 No. 2,000,000 Quarterly
S-164/D.04/2023
Adira Finance Continuing Bonds VI Phase V Year 2025 June 27, 2023 No. 2,066,993 Quarterly Supporting
Data
S-164/D.04/2023
Adira Finance Continuing Bonds VII Phase I Year 2025 June 26, 2025 No. 1,200,000 Quarterly
S-62/D.04/2025
Adira Finance Continuing Bonds VII Phase II Year 2025 June 26, 2025 No. 1,650,000 Quarterly
S-62/D.04/2025
Adira Finance Continuing Mudharabah Bonds I Phase February 21, No. 379,000 Quarterly
I Year 2013 2013 S-37/D.04/2013
Adira Finance Continuing Mudharabah Bonds I Phase February 21, No. 133,000 Quarterly
II Year 2014 2013 S-37/D.04/2013
Adira Finance Continuing Mudharabah Bonds II Phase June 25, 2015 No. 500,000 Quarterly
I Year 2015 S-279/D.04/2015
Adira Finance Continuing Mudharabah Bonds II Phase June 25, 2015 No. 86,000 Quarterly
II Year 2016 S-279/D.04/2015
Adira Finance Continuing Mudharabah Bonds II Phase June 25, 2015 No. 386,000 Quarterly
III Year 2017 S-279/D.04/2015
Adira Finance Continuing Mudharabah Bonds III Phase December 4, No. 200,000 Quarterly
I Year 2017 2017 S-458/D.04/2017
Adira Finance Continuing Mudharabah Bonds III Phase December 4, No. 490,000 Quarterly
II Year 2018 2017 S-458/D.04/2017
Adira Finance Continuing Mudharabah Bonds III Phase December 4, No. 214,000 Quarterly
III Year 2018 2017 S-458/D.04/2017
Adira Finance Continuing Mudharabah Bonds III Phase December 4, No. 96,000 Quarterly
IV Year 2019 2017 S-458/D.04/2017
Adira Finance Continuing Mudharabah Bonds IV June 30, 2020 No. 200,000 Quarterly
Phase I Year 2020 S-182/D.04/2020
Adira Finance Continuing Mudharabah Bonds IV June 30, 2020 No. 200,000 Quarterly
Phase II Year 2021 S-182/D.04/2020
Adira Finance Continuing Mudharabah Bonds IV June 30, 2020 No. 300,000 Quarterly
Phase III Year 2022 S-182/D.04/2020
Adira Finance Continuing Mudharabah Bonds V Phase June 27, 2023 No. 300,000 Quarterly
I Year 2023 S-164/D.04/2023
Adira Finance Continuing Mudharabah Bonds V Phase June 27, 2023 No. 300,000 Quarterly
II Year 2023 S-164/D.04/2023
Adira Finance Continuing Mudharabah Bonds V Phase June 27, 2023 No. 400,000 Quarterly
III Year 2024 S-164/D.04/2023
Adira Finance Continuing Mudharabah Bonds VI Phase June 26, 2025 No. 300,000 Quarterly
I Year 2025 S-62/D.04/2025
Adira Finance Continuing Mudharabah Bonds VI Phase June 26, 2025 No. 700,000 Quarterly
II Year 2025 S-62/D.04/2025
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 131
Page 134
SHAREHOLDERS, AFFILIATES, SUBSIDIARIES,
ASSOCIATED ENTITIES AND JOINT VENTURES
CONTROLLING SHAREHOLDER Danamon and its group of companies and strategic
partners also realize the importance of sustainability
as an inseparable part of community growth and
prosperity. Therefore, Danamon is also committed to
supporting Indonesia to achieve net zero emissions
by 2060 through various progressive efforts towards
sustainable finance, decarbonization initiatives,
and green economy development. This initiative
is reflected in the Sustainable Finance Action Plan
PT Bank Danamon Indonesia Tbk (RAKB), which includes governance and process,
PT Bank Danamon Indonesia Tbk (Stock Code: awareness and capacity building, sustainable f
BDMN) was established in 1956. As of December 31, inancing, responsible workplace management, and
2025, Danamon managed consolidated assets of corporate social responsibility. Each of these pillars
IDR276 trillion with its subsidiary, Adira Finance. In is designed to support sustainability principles
terms of share ownership, 92.47% of Danamon shares and ensure that every aspect of our operations
are owned by MUFG, and the other 7.53% are owned contributes positively to the environment.
by the public. In serving customers from all business
lines, namely Retail, Small and Medium Enterprises, In addition, in running the business and to achieve
and Corporations, Danamon is supported by 863 goals in accordance with its vision and mission,
conventional branch offices and Sharia units, as well Danamon upholds the company value “BISA,” which
as branch offices and representative offices of the must be implemented by all Danamon employees,
Danamon group of companies in Indonesia. management, directors, and commissioners. These
values include Collaboration, Integrity, Poised to
As a subsidiary of MUFG, which is one of the largest Serve, and Adaptive.
f inancial services groups in the world, Danamon
is supported by a global network of MUFG and its
partner banks: Krungsri Bank in Thailand, Security
Bank in the Philippines, and VietinBank in Vietnam.
Danamon is also strengthened by the local network
of its group companies, namely Adira Finance, Home
Credit Indonesia, Mandala Finance, and Zurich
Asuransi Indonesia, as well as its strategic partners.
Together with MUFG, its group of companies,
and strategic partners, Danamon is committed to MUFG Bank, Ltd.
continuing to transform as One Financial Group, to MUFG Bank, Ltd. is the main bank of Mitsubishi
become a trusted financial partner that is customer UFJ Financial Group (MUFG), one of the world's
oriented and always innovating, in order to meet the largest financial services groups. MUFG Bank is
needs of shareholders, customers, employees, and headquartered in Tokyo, Japan, and provides a
regulators by providing comprehensive financial wide range of commercial, corporate, investment,
solutions so they can grow together. and global financial services to individual and
institutional customers.
132 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 135
Corporate
Profile
As of December 31, 2025, MUFG Bank has an
Performance
extensive operational network covering Japan, Asia Highlights
Pacific, the Americas, as well as Europe, the Middle
East, and Africa. With the support of this global
Opening
network, MUFG Bank serves the various financing, PT Zurich Asuransi Indonesia Tbk (ZAI)
transaction, and investment needs of multinational PT Zurich Asuransi Indonesia Tbk (ZAI) previously
companies, financial institutions, and corporate obtained its general insurance business license in Management
Report
customers across various industrial sectors. 1997 as PT Asuransi Kekurangan Nexus. In 2002, it
changed its name to PT Asuransi Adira Dinamika
As part of the MUFG Group, MUFG Bank is backed and went public in 2019, before finally transforming Management
Discussion
and Analysis
by strong financial capabilities, extensive global into ZAI.
experience, and a commitment to supporting
economic growth and sustainable development in ZAI provides general insurance products and
Corporate
Governance
the countries where MUFG operates. In Indonesia, services, with motor vehicle insurance as its primary
MUFG Bank is one of the major shareholders of Bank product. In November 2019, ZAI became a member of
Environmental
Danamon and Adira Finance, thereby strengthening the Zurich Insurance Group (Zurich) and is one of the and Social
Responsibility
business synergies and financial service leading joint venture general insurance companies
development within the MUFG Group ecosystem. in Indonesia. Supported by the Zurich Group, with
Supporting
its international expertise and leading underwriting, Data
digital, and risk management capabilities, ZAI
AFFILIATE provides best-in-class protection solutions for
its customers. Through 13 branch offices and
7 marketing offices throughout Indonesia,
ZAI is committed to providing customers with
simple, easy, and fast policy purchases, as well as
PT Home Credit Indonesia (HCI) simple insurance claims handling—tailored to their
PT Home Credit Indonesia (“Home Credit”) is a needs. PT Zurich Asuransi Indonesia Tbk is a general
technology-based financing company licensed insurance company registered with and supervised
and supervised by the Financial Services by the Financial Services Authority.
Authority (OJK), conducting financing business
activities in accordance with the provisions of the Subsidiaries, Associated Entities, and Joint
applicable laws and regulations in Indonesia. Since Ventures [SEOJK C.6][GRI 2-2][GRI 2-4]
commencing operations in Indonesia in 2013, Home Until the financial year December 31, 2024, Adira
Credit has served more than 6.7 million consumers Finance does not have any Subsidiaries, Associated
as of December 31, 2025, through the provision of Entities and Joint Ventures.
financing services including goods financing, cash
financing, and other financing services carried
out responsibly and transparently. Home Credit’s
services can be accessed through more than 22,000
point-of-sale locations spread across shopping
centers and other strategic locations in 260 cities
and regencies in Indonesia. Through consistent
innovation and a commitment to transparency,
inclusion, and financial literacy, Home Credit
continues to strengthen its role as a key player in the
financing industry by opening more opportunities
and contributing to improving the quality of life of
the Indonesian people.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 133
Page 136
GROUP STRUCTURE
There were no changes related to share ownership and capital structure or other changes during the reporting
period. [SEOJK C.3]
Mitsubishi UJF Financial
Group, Inc.
100%
MUFG Bank.
Ltd
(Direct & Indirect)
92.47%
7.53%
PT Bank Danamon Public
Indonesia Tbk (Ownership <5%)
18.92%
74.50%
0.34% PT Zurich Asuransi
Indonesia Tbk
PT Adira Dinamika
Multi Finance Tbk
(Treasury Shares 0.79%)
5.45% Public
9.82%*) (Ownership <5%)
PT Home Credit Indonesia
*)
Of the total nominal value of shares issued by PT Home Credit Indonesia
134 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 137
Corporate
Profile
PUBLIC ACCOUNTANT Performance
Highlights
AND PUBLIC ACCOUNTING FIRM SERVICES
Opening
Year of Public Audit and Non-
Name of
Assignment Accounting Public Accounting Firm Address Audit and Non-Audit Services Provided Audit Service Fees
Accountant
Period Firm (IDR) Management
Report
Audit of Proforma Financial Information Compilation 150,000,000
Report of Adira & Mandala as of December 31, 2024
Audit Financial Statements as of September 30, 2025 1,750,000,000
Management
Audit Financial Statements as of December 31, 2025 800,000,000 Discussion
and Analysis
The Plaza Office Tower Lantai 32 Audit Financial Statement as of October 1, 2025 200,000,000
Liana Jl. M.H. Thamrin Kav 28-30 Agreed Upon Procedures KPPK (Application of Prudential 75,000,000
Elisabeth
Ramon Jakarta Pusat 10350 Principals) Corporate
2025 Imelda
Xenia & Telp : +6221 5081 8000 Governance
Rekan Fax : +6221 2992 8200/8300 Issuance of comfort letter in relation to Financial 1,100,000,000
Website : www2.deloitte.com Statements 2024 for Public Offering Registration (Bonds
and Mudharabah Bonds)
Environmental
Audit of Special purposes financial statement as of 31 150,000,000 and Social
Responsibility
December 24
Limited assurance engagement on management 150,000,000
statement letter for the periode ended 31 December 2024
Supporting
Total 4,375,000,000 Data
NAME AND ADDRESS OF CAPITAL MARKET
SUPPORTING INSTITUTION AND/OR PROFESSION
SECURITIES ADMINISTRATION BUREAU NOTARY
PT Adimitra Jasa Korpora Notary Office Fathiah Helmi SH
Kirana Boutique Office Graha Irama, 6th Floor, Suite C
Rukan Kirana Boutique Office Jl. HR Rasuna Said Block X-1 Kav. 1&2
Jl. Kirana Avenue III Block F3 No. 5 Kuningan, South Jakarta 12950 – Indonesia
Kelapa Gading – North Jakarta 14250 Tel: +6221 5290 7304/06
Tel: +6221 2936 5287/98 Fax: +6221 526 1136
Fax: +6221 2928 9961 Website: notaris-fathiahhelmi.com
E-mail: opr@adimitra-jk.co.id
CUSTODIAN
SECURITIES RATING COMPANY
PT Kustodian Sentral Efek Indonesia
PT Pemeringkat Efek Indonesia (PEFINDO) Indonesia Stock Exchange Building, Tower 1, 5th Floor
Panin Tower – Senayan City, 17th Floor Jl. Jend. Sudirman Kav. 52-53,
Jalan Asia Afrika Lot 19 South Jakarta 12190
Jakarta 10270 Tel: +6221 515 2855
Tel: +6221 72782380 Fax: +6221 5299 1199
Fax: +6221 72782370 Toll Free: 0800 186 5734
Website: www.pefindo.com Website: www.ksei.co.id E-mail: helpdesk@ksei.co.id
E-mail: corpcom@pefindo.co.id
BOND TRUSTEE
PT Bank Negara Indonesia (Persero) Tbk
Gedung BNI BSD, 14th Floor,
BSD City Kav. 1 No. 5
Jalan Pahlawan Seribu, Lengkong Gudang
Serpong, South Tangerang 15310 - Indonesia
Tel: +6221 25541220
Fax: +6221 29514053
Website: www.bni.co.id
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 135
Page 138
COMPANY WEBSITE INFORMATION
Adira Finance remains committed to optimally managing the Company’s official website as the primary means
of disseminating information to the public. Launched in 2010, www.adira.co.id, Adira Finance provides up-to-
date, accurate, and reliable information to all stakeholders. The site is available in both Indonesian and English,
expanding communication and strengthening the Company’s principles of transparency and information
disclosure.
In order to comply with authority requirements and provide information services to all stakeholders, Adira
Finance continually updates the content on the Company’s website. The Adira Finance website also meets the
information that must be posted in accordance with Article 6 of the Financial Services Authority Regulation
(POJK) No. 8/POJK.4/2015 concerning Issuer or Public Company Websites, where Issuers or Public Companies
are required to submit the following information:
1. Home: consisting of an overview of the Company, Group Structure, and Stock Summary.
2. General Information: consisting of a welcome message from the President Director, management,
organizational structure, ownership structure, and supporting institutions;
3. Investor Information: consisting of annual reports, financial statements, information on general meetings
of shareholders, dividends, company profiles, analyst research, information disclosure, press releases, and
bond & sukuk offering prospectuses; and
4. Governance Information: consisting of the work guidelines of the Board of Commissioners & Directors, the
Internal Audit Unit charter, code of ethics, corporate governance, articles of association, APU & PPT, whistle
blowing system, and anti-bribery policy.
Page 139
Corporate
Profile
MANAGEMENT EDUCATION AND TRAINING 2025
[SEOJK F.22][GRI 404-2]
Performance
Highlights
Opening
Education And Training Of The Board Of Commissioners
Management
Name Position Training/Seminar Name Organizer Location Date Report
Daisuke Ejima President International Seminar Strengthening Association of Indonesian Tokyo - December
Commissioner Multifinance Resilience Amidst Economic Financing Companies (APPI) Jepang 12, 2025
Slowdown and Regulatory Shifts
Management
Discussion
Krisna Wijaya Independent National Seminar Will Trade War Create Financial Association of Indonesian Jakarta - May 6, 2025 and Analysis
Commissioner Turmoil Financing Companies (APPI) Indonesia
Manggi Taruna Independent National Seminar Will Trade War Create Financial Association of Indonesian Jakarta - May 6, 2025 Corporate
Habir Commissioner Turmoil Financing Companies (APPI) Indonesia Governance
Congsin Congcar Commissioner International Seminar Strengthening Association of Indonesian Tokyo - December
Multifinance Resilience Amidst Economic Financing Companies (APPI) Jepang 12, 2025
Slowdown and Regulatory Shifts Environmental
and Social
Responsibility
Honggo Widjojo Commissioner - - - -
Kangmasto
Supporting
Data
Education And Training Of The Board Of Directors
Name Position Training/Seminar Name Organizer Location Date
I Dewa Made Susila President National Seminar on OJK Policy Direction for Association of Indonesian Jakarta - February 4,
Director 2025 and the New Government’s Economic Financing Companies (APPI) Indonesia 2025
Growth Strategy
National Seminar Will Trade War Create Financial Association of Indonesian Jakarta - May 6, 2025
Turmoil Financing Companies (APPI) Indonesia
Online Seminar Economic Outlook 2026 Association of Indonesian Jakarta - September
Financing Companies (APPI) Indonesia 2, 2025
International Seminar “Strengthening Association of Indonesian Tokyo - December
Multifinance Resilience Amidst Economic Financing Companies (APPI) Jepang 12, 2025
Slowdown and Regulatory Shifts
Swandajani Gunadi Director National Seminar on OJK Policy Direction for Association of Indonesian Jakarta - February 4,
2025 and the New Government’s Economic Financing Companies (APPI) Indonesia 2025
Growth Strategy
National Seminar on Resilience and Turnaround: Association of Indonesian Jakarta - October 28,
Indonesia’s Economic Direction Financing Companies (APPI) Indonesia 2025
Niko Kurniawan Director National Seminar on OJK Policy Direction for Association of Indonesian Jakarta - 4 februari
Bonggowarsito 2025 and the New Government’s Economic Financing Companies (APPI) Indonesia 2025
Growth Strategy
National Seminar on Resilience and Turnaround: Association of Indonesian Jakarta - October 28,
Indonesia’s Economic Direction Financing Companies (APPI) Indonesia 2025
Harry Latif Director National Seminar on OJK Policy Direction for Association of Indonesian Jakarta - February 4,
2025 and the New Government’s Economic Financing Companies (APPI) Indonesia 2025
Growth Strategy
Denny Riza Farib Director National Seminar Will Trade War Create Financial Association of Indonesian Jakarta - May 6, 2025
Turmoil Financing Companies (APPI) Indonesia
Online Seminar Economic Outlook 2026 Association of Indonesian Jakarta - September
Financing Companies (APPI) Indonesia 2, 2025
Sylvanus Gani Director National Seminar Will Trade War Create Financial Association of Indonesian Jakarta - May 6, 2025
Kukuh Mendrofa Turmoil Financing Companies (APPI) Indonesia
Online Seminar Economic Outlook 2026 Association of Indonesian Jakarta - September
Financing Companies (APPI) Indonesia 2, 2025
National Seminar on Resilience and Turnaround: Association of Indonesian Jakarta - October 28,
Indonesia’s Economic Direction Financing Companies (APPI) Indonesia 2025
Sigit Hendra Director Online Seminar Economic Outlook 2026 Association of Indonesian Jakarta - September
Gunawan Financing Companies (APPI) Indonesia 2, 2025
National Seminar on Resilience and Turnaround: Association of Indonesian Jakarta - October 28,
Indonesia’s Economic Direction Financing Companies (APPI) Indonesia 2025
Ricky Gunawan Director - - - -
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 137
Page 140
Page 141
03 MANAGEMENT DISCUSSIONS AND ANALYSIS
Page 142
Table of Contents Macroeconomic and Industry Outlook 142 Operational Review per Business Segment 145 Motorcycle Financing 146 Car Financing 148 Non-Automotive Financing 154 Operation Review per Region 157 Marketing 158 Operations 163 Human Resources 167 Information Technology 181 Financial Review Analysis 184 Other Material Information 198 Solvency 198 Receivables Collectability 200 Capital Structure 201 Material Commitments to Capital Expenditure 202 Realization of Capital Goods Investment for The Last Fiscal 202 Year Material Facts and Information Subsequent to Accountant’s 202 Report Date Commitment and Contingency 202 Comparison of 2024 Target and Realization 203 2025 Outlook 203 Dividend Policy 204 Employee and/or Management Share Ownership Program 205 Realization of Proceeds from Public Offering 205 Material Transactions for Investments, Expansion, 205 Divestments, Business Mergers or Acquisitions, and Debt/ Capital Restructurings Transactions with Conflicts of Interest and Transactions with 206 Affiliated or Related Parties Changes to Laws and Regulations with a Significant Impact 208 on The Company Changes in Accounting Principles 209 Compliance with Tax Payments 209 Economic Performance 210 Business Prospect 212
Page 143
Management
Discussion
and Analysis
Performance
Highlights
Opening
Management
Report
Corporate
Profile
Corporate
Governance
Environmental
and Social
Responsibility
Supporting
Data
MACROECONOMIC AND INDUSTRY REVIEW
Despite persistently challenging GLOBAL ECONOMIC REVIEW
The International Monetary Fund (IMF) projects
macroeconomic conditions and
global economic growth of 3.2% (yoy) in 2025,
an automotive industry that broadly stable compared to 2024. The continued
has yet to fully recover, Adira moderation of global inflation has encouraged a
number of major central banks to gradually ease
Finance successfully recorded monetary policy. Nevertheless, ongoing geopolitical
new financing disbursements of tensions and rising climate-related risks remain key
sources of uncertainty, with the potential to increase
IDR43.2 trillion, representing an price volatility in strategic commodities, particularly
18% increase from the previous energy and food.
year. In addition, total managed
Based on Bank Indonesia data, the global economy
receivables by the Company, continued to experience a slowdown through
including joint financing, reached September 2025, driven by the implementation of
reciprocal tariffs by the United States and elevated
IDR63.4 trillion in 2025, growing global uncertainty. Most countries experienced a
13% compared to 2024. slowdown in economic growth, with significant
disparities observed across regions. In the United
States, economic sentiment weakened as tariff
policies adversely affected household consumption
and led to higher unemployment. China’s economy
is also slowing due to weaker export performance,
particularly to the United States, as well as
weaker domestic demand, especially investment.
Meanwhile, Europe and Japan experienced
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 141
Page 144
declining growth amid weaker export performance, recorded growth of 2.5% (yoy). Throughout 2025,
while India maintained relatively stronger growth provinces on Java continued to dominate Indonesia’s
supported by fiscal stimulus aimed at boosting economy, contributing 56.93% of national output
domestic consumption. and recording growth of 5.30% (yoy).
With the global economic outlook remaining fragile Meanwhile, inflationary pressures remain low, with
and declining inflationary pressures, several central the Consumer Price Index (IHK) at 2.92% (yoy) in
banks adopted more accommodative monetary December 2025. Core inflation remains low at 2.38%
policies, with Japan as an exception. Rising (yoy), in line with economic growth remaining below
unemployment in the United States increased the capacity, supported by Bank Indonesia’s consistent
likelihood of a reduction in the Fed Funds Rate (FFR). monetary policy interest rate in anchoring inflation
This condition is reflected in the global financial expectations within its target and well-managed
market, with lower US Treasury yields and a weaker imported inflation.
US dollar index (DXY). Amid heightened global
uncertainty, capital flows tend to shift toward safe- INDUSTRY REVIEW
haven assets such as gold, while capital flows to Following a difficult year, the automotive industry
emerging markets remain constrained. is expected to begin to recover moderately in 2025.
According to data from the Association of Indonesian
DOMESTIC ECONOMIC REVIEW Automotive Industries (Gaikindo), wholesale sales of
Domestically, Indonesia’s economy grew by 5.11% four-wheeled vehicles (4W) fell 7.0% (yoy) compared
(yoy) in 2025, higher than the 5.03% (yoy) recorded to 2024, reaching 803,687 units. Meanwhile, data from
in 2024. This performance is in line with the IMF’s the Indonesian Motorcycle Industry Association (AISI)
estimate and Bank Indonesia’s projection, which show a 1.3% (yoy) increase from 2024 to around 6.4
placed growth in the range of 5.0%–5.2% (yoy). million units, an increase from 6.3 million previously.
As of end-2024, data from Statistics Indonesia (BPS) In the financing industry, the Financial Services
show that Indonesia’s GDP amounted to IDR23,821.1 Authority (OJK) recorded 0.61% (yoy) growth in
trillion. In 2025, household consumption—the largest financing receivables in 2025, reaching IDR506.50
contributor to GDP—expanded by 4.98% (yoy), while trillion as of December 2025. In nominal terms, the
gross fixed capital formation (GFCF)—the second- increase in financing receivables was primarily
largest contributor—grew by 5.09% (yoy) compared driven by the Other Services Activities sector, which
with the previous year. Exports increased by 7.03% rose by IDR8.25 trillion. By type of financed asset, the
(yoy), while imports rose at a more moderate pace of growth was mainly attributable to heavy equipment,
4.77% (yoy). Meanwhile, government consumption contributing an increase of IDR3.40 trillion.
142 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 145
Management
Discussion
and Analysis
Composition of net financing receivables as of 31 December 2025
Performance
Highlights
2022 34% 10% 52% 5%
Opening
2023 34% 10% 52% 5%
5%
Management
Report
2024 34% 10% 51% 5%
Corporate
2025 33% 11% 50% 6% Profile
Investment Working Capital Multipurpose Sharia Financing
Corporate
Governance
In terms of asset quality, the financing companies’ gross Non-Performing Financing (NPF Gross) declined to
Environmental
2.51% as of December 2025, from 2.70% in December 2024. Meanwhile, Return on Assets (ROA) and Return on and Social
Responsibility
Equity (ROE) decreased to 4.17% and 10.7%, respectively, at end-2025, compared with 5.02% and 13.8% at end
2024.
Supporting
Data
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 143
Page 146
OPERATIONAL REVIEW BY BUSINESS SEGMENT
In alignment with its long-term As one of Indonesia’s largest financing companies,
Adira Finance offers a wide range of financing
business strategy, Adira Finance
solutions in both the automotive and non-
continues to expand its activities automotive sectors. In the automotive segment,
across all financing segments, both the company has over three decades of experience
financing motorcycles and cars, both new and used,
automotive and non-automotive. from a variety of brands. Meanwhile, in the non-
This expansion is pursued by automotive segment, Adira Finance is expanding its
financing coverage with the multipurpose financing
offering financing products (Solusi Dana), heavy equipment financing, and other
tailored to market needs and the financing options. To meet the diverse needs of its
customers, the Company provides financing options
strengthening of partnerships,
through both conventional and sharia schemes.
including dealer networks, to
support sustainable growth in Adira Finance is committed to consistently providing
customer-centric services in carrying out its
accordance with the Company’s operations across all of its business segments. This
strategic roadmap. commitment is fulfilled through ongoing product
and service development, as well as enhancements
to the customer experience. In response to shifting
consumer preferences for digital services, the
company continues to invest in digitalization to
support a more efficient, faster, and accessible
financing process for customers.
144 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 147
Page 148
Business Overview
MOTORCYCLE FINANCING
As part of its portfolio
diversification strategy, Motorcycle Financing Business Segment Overview
Adira Finance offers With over three decades of experience in the financing industry, Adira
Finance continues to maintain its position as a reliable financing partner for
financing for a variety Indonesians. The trust that has been built over time serves as the foundation
of motorcycle brands, for the Company’s ability to maintain service quality standards while also
both new and used. In providing relevant and sustainable financing solutions.
2025, Adira Finance’s
To meet the increasingly diverse needs and preferences of customers, Adira
total motorcycle Finance is constantly developing motorcycle financing products and services.
financing was recorded The Company offers flexible financing options through conventional and
at IDR17.7 trillion, with sharia schemes in order to reach a larger market segment while increasing
approximately 90% financing accessibility to the general public.
coming from new Motorcycle Financing Strategy and Policy
motorcycle financing To optimize the potential of the domestic financing market, which continues
and the remainder to offer growth prospects, Adira Finance remains committed to providing
from used motorcycle financing facilities for the purchase of both new and used motorcycles. In
doing so, the Company actively monitors developments in macroeconomic
financing. conditions that affect consumer purchasing power, particularly amid the
high interest rate environment that persisted through early 2025.
146 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 149
Management
Discussion
and Analysis
Despite challenging economic conditions, the As part of its commitment to sustainable finance,
Performance
motorcycle market grew steadily throughout 2025. Adira Finance continues to provide financing for Highlights
This demonstrates that motorcycles are still a viable environmentally friendly products, such as electric
and necessary mode of transportation for people’s motorcycles. By the end of December 2025, electric
Opening
mobility and daily activities. vehicle financing totaled IDR20 billion, a decrease
from the previous year. This decline is consistent
In response to these conditions, Adira Finance is with weakening market demand caused by the end Management
Report
strengthening its financing strategy in the two- of the government’s subsidy program for electric
wheeled segment by expanding market potential motorcycles.
in various regions, improving underwriting Corporate
Profile
efficiency, and implementing risk-specific In line with the shift in consumer behavior toward
financing strategies. Performance evaluations at digital transactions, Adira Finance is strengthening
the regional level are conducted on a continuous its digital transformation by developing and
Corporate
Governance
basis to ensure that financing product offerings integrating an online service ecosystem. Digital
are in line with local market conditions. platforms like Adiraku, momotor.id, and moservice.
Environmental
id are constantly evolving to provide a faster, easier, and Social
Responsibility
and more personalized customer experience. This
step is part of Adira Finance’s strategy to broaden
Supporting
its market reach, increase customer loyalty, and Data
maintain its position as one of Indonesia’s leading
finance companies.
17,7
Performance and Revenue of the Motorcycle
Financing Segment
IDR
In 2025, Adira
Finance disbursed
IDR17.7 trillion in
In 2025, Adira Finance disbursed IDR17.7 trillion in
motorcycle financing motorcycle financing. New motorcycle financing
accounted for IDR15.9 trillion of the total, while used
trillion motorcycle financing was IDR1.8 trillion. The table
below shows the composition of Adira Finance’s new
and used motorcycle financing for the period 2023-
In terms of credit risk management, the Company 2025.
continues to implement prudent policies by
enhancing its customer retention strategy,
particularly by optimizing financing to existing
customers with strong repayment characteristics.
At the same time, the collection function is being
strengthened by increasing the field team’s capacity,
optimizing the collection desk, and implementing
a digital monitoring system to ensure collection
process effectiveness and a healthy non-performing
financing ratio.
Financing for New and Used Motorcycles
Contribution of Business Segment 2023 2024 2025
New Motorcycles
New Financing (thousand unit) 602 537 641
Amount of New Financing (IDR Trillion) 13.4 12.5 15.9
Growth of Total Financing 44.3% (6.7%) 27.3%
Average Annual Effective Interest Rate 31%-35% 31%-35% 32%-35%
Used Motorcycles
New Financing (thousand unit) 137 106 111
Amount of New Financing (IDR Trillion) 2.1 1.6 1.8
Growth of Total Financing 11.8% (24.4%) 13.2%
Average Annual Effective Interest Rate 37%-41% 38%-42% 38%-41%
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 147
Page 150
As part of its portfolio diversification strategy, Adira Finance offers financing for a variety of motorcycle brands,
new and used motorcycles. The table below shows Adira Finance’s motorcycle financing portfolio by brand
from 2023 to 2025.
Motorcycle Segment Performance by Brands
2023 2024 2025
Description thousand thousand thousand
IDR Bn. IDR Bn. IDR Bn.
units units units
New Motorcycles
Honda 446 9,333 395 8,706 463 10,932
Yamaha 130 3,197 121 3,114 151 4,108
Suzuki 2 42 2 34 2 42
Kawasaki 5 211 3 111 4 96
Others 19 604 17 527 22 721
Total New Motorcycles 602 13,387 537 12,491 641 15,899
Total Used Motorcycles 137 2,128 106 1,608 111 1,821
Total Motorcycles 739 15,515 643 14,099 752 17,720
In 2025, Adira Finance recorded new financing of IDR17.7 trillion in the motorcycle segment, a 26% (yoy) increase
from IDR14.1 trillion the previous year. In line with the increase in financing volume, motorcycle segment
revenue increased by 1.7% (yoy) to IDR5.03 trillion. The motorcycle segment’s net profit totaled IDR1.7 trillion.
Meanwhile, in terms of financial position, the motorcycle segment’s total assets at the end of 2025 were IDR13.1
trillion, with total segment liabilities of IDR6.7 trillion.
The following graphic shows the performance of the motorcycle financing segment from 2023 to 2025::
Motorcycle Financing Chart
(in IDR trillion)
5.12
1.7
2025 13.1
6.7
5.03
1.8
2024 17.1
8.7
3.8
1.6
2023 11.0
6.8
Revenues Net Profit Assets Liabilities
148 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 151
Page 152
Business Overview
CAR FINANCING
In the automotive
financing segment, Car Financing Business Segment Overview
Adira Finance offers In the automotive financing segment, Adira Finance offers financing for
four-wheeled vehicles, both new and used vehicles, such as passenger cars
financing solutions and commercial vehicles. In line with its commitment to meeting diverse
for a variety of vehicle financing needs, the Company also provides financing options through
brands, both new conventional and sharia schemes.
and used vehicles. In
In 2025, the national automotive market was under pressure as demand for
2025, Adira Finance’s four-wheeled vehicles declined. Domestic wholesale car sales decreased by
car financing totaled 7% (yoy) to 803,687 units. This decline was primarily seen in the passenger
IDR12.5 trillion, with car segment, with new car sales decreasing by 8.7% (yoy) from 672,000 to
approximately 62% 613,000 units. Meanwhile, new commercial vehicle sales decreased by 1%
(yoy), from 193,000 to 191,000 units. This decline in new car sales was caused
from new cars and the by continued low purchasing power, which was influenced by factors such
remainder from used as rising basic commodity prices, decreasing commodity prices, and limited
cars. employment opportunities. Furthermore, increases in vehicle prices that
exceeded income growth contributed to the decrease in car sales.
150 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 153
Management
Discussion
and Analysis
Car Financing Strategy and Policy financing for electric cars reached about IDR727.9
In 2025, Adira Finance focuses its car financing billion, an increase from the previous year. This Performance
Highlights
strategy on selective and sustainable growth, increase is driven by a wider range of electric vehicle
aligned with the ongoing adjustment of the models, rising consumer demand for eco friendly
Opening
national automotive market. In its implementation, vehicle, and government policies supporting a
Adira Finance adopts a more prudent, risk-based national electric vehicle ecosystem.
financing approach, including refining its financing Management
Report
structure and developing products that respond to Performance and Revenue of the Car Financing
evolving market demands. In addition, the Company Segment
will continue to strengthen partnerships with In 2025, Adira Finance disbursed IDR12.5 trillion in car Corporate
Profile
Sole Brand Holder Agents (ATPM) and its dealer financing. New car financing accounted for IDR7.7
network to ensure the sustainability of car financing trillion, while used car financing amounted to IDR4.8
disbursement amid challenging market conditions. trillion. The table below shows the composition of
Corporate
Governance
Adira Finance’s new and used car financing for the
Adira Finance, committed to sustainable finance period 2023-2025.
Environmental
principles, will expand financing for eco-friendly and Social
Responsibility
vehicles, especially electric cars. At the end of 2025,
Supporting
Data
IDR
12.5
In 2025, Adira
Finance disbursed
IDR12.5 trillion in
car financing
trillion
Financing for New and Used Cars
Contribution of Business Segment 2023 2024 2025
New Cars
New Financing (thousand unit) 50 35 33
Amount of New Financing (IDR Trillion) 11,800 8,400 7,697
Growth of Total Financing 25.2% (28.6%) (5.4%)
Average Annual Effective Interest Rate 13%-17% 13%-17% 13%-15%
Used Cars
New Financing (thousand unit) 40 32 33
Amount of New Financing (IDR Trillion) 5,400 4,300 4,786
Growth of Total Financing 28.1% (19.4%) 4.8%
Average Annual Effective Interest Rate 18%-22% 18%-22% 18%-20%
As part of its portfolio diversification strategy, Adira Finance offers financing for a variety of car brands, new and
used cars. The table below shows Adira Finance’s car financing portfolio by brand from 2023 to 2025.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 151
Page 154
Car Segment Performance by Brands
2023 2024 2025
Description thousand thousand thousand
IDR Bn. IDR Bn. IDR Bn.
units units units
New Cars
Daihatsu 21 3,509 14 2,401 13 2,270
Mitsubishi 7 2,476 5 1,740 4 1,361
Toyota 4 985 3 726 2 505
Suzuki 7 1,136 5 772 5 939
Honda 4 829 3 656 2 482
Others 7 2,872 5 2,130 6 2,141
Total New Cars 50 11,808 35 8,425 33 7,697
Total Used Cars 40 5,382 32 4,340 33 4,786
Total Cars 90 17,190 67 12,765 66 12,482
In 2025, Adira Finance recorded new financing of IDR12.5 trillion in the car segment. The car segment achieved
IDR2.11 trillion in revenue. Meanwhile, the car segment’s net profit reached IDR361.3 billion. Financially, the car
segment’s total assets at the end of 2025 were IDR13.1 trillion, while its total liabilities were IDR9.3 trillion.
The following graphs illustrate the performance of the car financing segment from 2023 to 2025:
Car Financing Chart
(in IDR trillion)
2.1
0.4
2025 13.1
9.3
2.3
0.5
2024 12.2
7.9
2.4
1.1
2023 11.5
6.3
Revenues Net Profit Assets Liabilities
152 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 155
Page 156
Business Overview
NON-AUTOMOTIVE FINANCING
Adira Finance is
committed to delivering
comprehensive and
relevant financing
solutions tailored to
consumers’ needs across
different stages of life. This
commitment is reflected
in the development of the
non-automotive financing Non-Automotive Financing Segment Overview
segment as a component As part of its portfolio diversification strategy, Adira Finance
continues developing the non-automotive financing segment in 2025. This
of the Company’s business
segment encompasses multi-purpose financing through the Solusi Dana
diversification strategy. product, heavy equipment financing, and other financing. The development
of the non-automotive segment aims to broaden business growth
Through this non- opportunities while maintaining a balanced financing portfolio in the midst
of automotive industry dynamics.
automotive segment,
Adira Finance broadens In the multi-purpose financing segment, Adira Finance relies on the Solusi
its financing offerings Dana product, which allows customers to meet a variety of financial needs.
beyond the automotive This product uses the Motor Vehicle Ownership Certificate (BPKB) as
collateral and can be used for a variety of purposes, including education,
sector to address a wider
home renovations, and business development. Adira Finance strives
range of consumer needs. through Solusi Dana to provide financing solutions that are easily accessible,
This approach allows the relevant to consumer needs, and contribute sustainably to the Company’s
Company to expand its performance.
customer reach, deepen
Non-Automotive Financing Strategies and Policies
customer relationships, In line with the Company’s business strategy, the non-automotive financing
and establish a sustainable segment is positioned as a pillar supporting sustainable growth in 2025.
driver of long-term The goal of this segment’s development is to diversify its financing portfolio
while reducing reliance on the automotive sector by meeting financing
business growth.
needs in a variety of productive and consumer industries.
154 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 157
Management
Discussion
and Analysis
Throughout 2025, Adira Finance continues to application process, increase service speed, and
Performance
strengthen the operational foundations of the non- provide consumers with easy access, thereby Highlights
automotive segment by improving the effectiveness improving the overall customer experience.
and efficiency of its business processes. These
Opening
measures include improving financing governance, Performance and Revenue of the Non-
strengthening human resource capabilities, and Automotive Financing Segment
leveraging digital technology to support market In 2025, Adira Finance disbursed IDR13.0 trillion in Management
Report
expansion and improve customer service. new financing to the non-automotive segment, an
increase of 32.6% (yoy) from IDR9.8 trillion in 2024.
Adira Finance is continuing to optimize the use of Solusi Dana product remained the largest contributor Corporate
Profile
its Danadira digital platform in order to increase in this segment, accounting for approximately 95% of
access to non-automotive financing services. total non-automotive financing, with the remainder
This application enables an end-to-end digital coming from heavy equipment and other financing.
Corporate
Governance
multipurpose financing application process, from
application and approval to disbursement and In line with the increase in financing disbursement,
Environmental
installment payments, providing consumers with non-automotive segment revenue in 2025 increased and Social
Responsibility
convenience and comfort. Adira Finance uses 22.2% (yoy) to IDR2.85 trillion. This increase in revenue
technology strategically to simplify the financing performance contributed to net profit growth in
Supporting
the segment, which increased 33.5% (yoy) to IDR1.2 Data
trillion in 2025.
In terms of financial position, total assets in the non-
13
automotive segment were recorded at IDR9.0 trillion
at the end of 2025, an increase of 71.9% (yoy) from
IDR
In 2025, Adira Finance
disbursed IDR13.0 trillion
in new financing to IDR5.2 trillion in the previous year. Meanwhile, total
the non-automotive segment liabilities increased by 6.9% (yoy), from
segment, an increase
IDR4.7 trillion in 2024 to IDR5.0 trillion in 2025.
trillion of 32.6% (yoy) from
IDR9.8 trillion in 2024.
The following table shows the performance of Adira Finance’s non-automotive financing business segment
during the period 2023-2025.
Non-Automotive Financing Chart
(in IDR trillion)
2.8
1.2
2025 9.0
5.0
2.3
0.9
2024 5.2
4.7
1.1
0.4
2023 3.0
6.0
Revenues Net Profit Assets Liabilities
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 155
Page 158
Further details regarding income by business segment can be found in Note 48 on operating segments of the
2025 Audited Financial Statements.
REVENUE AND PROFITABILITY OF BUSINESS SEGMENTS BY PRODUCT TYPE
Adira Finance conducts its business activities and identifies its segments based on product type and geographic
region. The profit or loss of each segment is used to evaluate their performance.
Information related to the main business segments by product type for the 2023-2025 period is presented as
follows:
Primary Business Segments by Product Type
(in IDR Billion)
Motorcycles Cars Durable Goods and Others
Description
2023 2024 2025 2023 2024 2025 2023 2024 2025
Consumer financing 2,883.4 3,701.1 3,932.4 1,873.2 1,706.5 1,539.0 1,285.3 1,748.0 2,085.6
income
Murabahah margin 883.3 1,333.0 1,188.0 567.4 582.3 518.2 32.0 23.6 4.0
Musyarakah - - - - - - - 350.1 394.3
mutanaqisah profit
distribution
Financing leases 0.5 0.4 0.3 50.9 57.9 57.2 96.5 208.2 364.0
income
Interest expenses (360.4) (578.0) (543.5) (471.4) (572.7) (535.4) (137.9) (260.3) (282.7)
and financing
charges
Revenue sharing for (13.5) (45.4) (40.0) (15.9) (33.8) (35.5) (0.6) (13.6) (3.7)
mudharabah bonds
Income for the year 1,613.2 1,778.9 1,685.6 942.8 451.1 361.3 705.2 921.1 1,229.5
Provision impairment (936.2) (1,431.5) (1,351.7) (519.8) (751.2) (640.3) (191.7) (433.2) (656.3)
losses
Assets 10,962.7 17,057.9 13,138.8 12,888.1 12,150.3 13,088.5 3,880.5 5,236.3 9,001.1
Liabilities 6,755.2 8,672.4 6,694.4 7,924.2 7,927.8 9,266.9 2,473.0 4,704.8 5,030.1
156 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Management
Discussion
and Analysis
OPERATION REVIEW PER REGION Performance
Highlights
Opening
REVENUE AND PROFITABILITY BY GEOGRAPHIC BUSINESS SEGMENT
Adira Finance classifies its geographic business segments into several operational areas, including Greater Management
Report
Jakarta (Jabodetabekser), West Java, Central Java, East Java, Sumatra, Kalimantan, Sulawesi, Bali, and Nusa
Tenggara. As of the end of December 2025, Adira Finance operated a total of 877 business networks, comprising
branches and satellite offices located across various regions in Indonesia. Corporate
Profile
Operational Performance by Geographical Area
Corporate
(in IDR Billion) Governance
Java* Jabodetabekser Sumatra
Description
2023 2024 2025 2023 2024 2025 2023 2024 2025 Environmental
and Social
Responsibility
Operating 1,810.1 2,095.3 2,014.0 1,940.9 2,188.2 2,119.7 1,696.2 2,117.8 2,323.2
income**
Supporting
Interest (211.3) (300.6) (283.9) (227.4) (354.5) (341.7) (232.9) (300.0) (297.9) Data
expenses and
financing
charges***
Income for the 708.2 648.4 653.1 978.6 853.9 830.7 684.1 682.5 690.3
year
Assets 6,155.5 7,025.1 6,858.7 7,243.2 8,188.1 7,988.7 6,100.1 7,268.4 8,178.4
Liabilities 3,769.0 4,472.8 4,560.9 4,496.2 5,413.4 5,474.8 3,767.4 4,502.4 4,682.7
Kalimantan Sulawesi Bali & Nusa Tenggara
Description
2023 2024 2025 2023 2024 2025 2023 2024 2025
Operating 678.3 892.2 1,008.3 1,148.3 1,937.6 2,097.1 398.8 479.9 520.7
income**
Interest (86.6) (116.9) (113.1) (184.7) (260.4) (243.0) (56.6) (78.6) (82.2)
and finance
expenses***
Income for the 271.0 307.8 329.3 487.8 544.2 498.9 189.9 220.0 245.5
year
Assets 2,357.9 2,850.6 3,210.8 4,480.6 7,419.7 7,206.2 1,680.2 1,863.8 2,143.0
Liabilities 1,475.9 1,683.5 1,692.0 2,643.0 4,016.0 3,105.0 1,044.5 1,235.0 1,440.0
*) Consisting of West Java, Central Java, and East Java
**) Consisting of consumer financing income, mudharabah margin, and financing lease income
***) Including profit-sharing from mudharabah sukuk
By the end of December 2025, Java (Java and Jabodetabekser) was the largest contributor among all
geographic regions, contributing to 41% of operating income, 46% of Interest expenses and financing charges,
46% of current year profit, 42% of assets, and 48% of liabilities in the total financing portfolio. Java’s significant
contribution is due to its vital role in the Indonesian economy and its substantial population in comparison to
other Indonesian islands, making it Indonesia’s most dominant financing market.
Further details regarding revenue by business region are provided in Note 48 of the 2025 Audited Financial
Statements, which constitute an integral component of this Annual Report.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 157
Page 160
MARKETING ASPECT
In order to accelerate new MARKET AND BUSINESS COMPETITION
ANALYSIS
financing growth across both
In 2025, global and domestic economic conditions
automotive and non-automotive continued to be characterized by uncertainty and
segments while simultaneously complex dynamics. Factors such as economic
slowdowns in developed countries, ongoing
strengthening customer retention, geopolitical tensions, and relatively tight monetary
Adira Finance implements a policies across various regions exerted pressure on
global economic stability. Domestically, although
customer-centric marketing inflationary pressures began to ease compared to the
strategy. By leveraging data previous year, public purchasing power had not yet
fully recovered, while interest rate levels remained a
analytics and digital technology–
challenge for the financing industry and household
based insights, the Company consumption.
develops more relevant financing
The combination of these factors had a direct
products, enhances precise market impact on various economic sectors, including
segmentation, and executes the automotive and financing industries, which
continued to strive to maintain growth momentum
targeted and effective marketing
amid cautious market conditions.
campaigns.
Overall, the national automotive industry in 2025
continued to face similar challenges as in 2024,
driven by weakened consumer purchasing power
and more cautios buying decicions. This condition
158 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Management
Discussion
and Analysis
affected automotive sales performance, particularly Adira Finance is committed to providing practical,
Performance
in the four-wheeled vehicle segment. Based on flexible, and inclusive access to financing through Highlights
data from the Indonesian Automotive Industry both digital and non-digital channels. The
Association (GAIKINDO), retail sales of new four- Company continues to pioneer digital innovation
Opening
wheeled vehicles in 2025 declined by 4% year-on- in the financing industry by optimizing its digital
year to 858 thousand units. Meanwhile, according ecosystem, including momobil.id and momotor.
to data from the Indonesian Motorcycle Industry id for the automotive market, as well as Adiraku Management
Report
Association (AISI), retail sales of new two-wheeled for customer service and retention. In addition, the
vehicles in 2025 increased by 1% year-on-year to 6.33 Company is developing the Danadira application,
million units, up from 6.30 million units in 2024. which is designed to offer fast and secure digital- Corporate
Profile
based cash financing solutions.
On the other hand, Indonesia’s financing industry
in 2025 continued to face intense competition, both As of the end of December 2025, Adira Finance’s
Corporate
Governance
among conventional financing institutions and business network had expanded to 877 outlets
digital-based companies (fintech lending). Based across Indonesia, serving more than 2.5 million
Environmental
on data from the Financial Services Authority (OJK), customers. Of this total, 123 were sharia branches and Social
Responsibility
the number of financing companies as of the end and 74 were sharia kiosks/satellite outlets, reflecting
of December 2025 remained unchanged at 146 the Company’s commitment to providing sharia-
Supporting
companies. compliant financing and strengthening national Data
financial inclusion.
MARKET POSITIONING
Adira Finance continues to position itself as one of DIGITAL INNOVATION [SEOJK F.26]
the largest financing companies in the automotive Continuing the digital transformation consistently
sector by offering financing services for motorcycles implemented over recent years, Adira Finance
and cars, both new and used, across various brands continues to strengthen its digital capabilities to
to comprehensively meet customer needs. enhance operational efficiency, expand service
accessibility, and deliver superior customer
In 2025, Adira Finance further expanded its business experiences. One tangible manifestation of this
reach into the non-automotive sector as part of its initiative is the development of the Adiraku
portfolio diversification strategy and risk mitigation application as the Company’s primary digital
efforts to reduce reliance on the automotive sector, platform for customers. The Adiraku application
which continued to experience pressure. This is designed as an integrated solution that allows
strategic initiative was further strengthened through customers to access contract information, view
post-merger business integration between Adira payment history, make online installment payments,
Finance and Mandala Finance, creating significant and obtain various exclusive offers and discounts
synergies in expanding the multipurpose financing from automotive and non-automotive partners.
segment, strengthening the customer base, and
enhancing market penetration across various In addition, customers can earn Adirapoin rewards,
regions in Indonesia. which can be redeemed for installment payment
discounts or various attractive vouchers, such as
Adira Finance offers multipurpose financing mobile phone credit, electricity vouchers, food and
products such as Solusi Dana, enabling customers beverage vouchers, or shopping vouchers through
to fulfill a wide range of financial needs throughout the Adiraku application. Adirapoin can also be
their life cycle—ranging from education, healthcare, redeemed for participation in the Undian Harcilnas
home renovation, to micro and small business and the Undian Umrah untuk Sahabat. These
development. Post-merger integration has also initiatives support customer retention efforts by
provided the Company with greater capacity to reach increasing loyalty to Adira Finance’s products and
new customer segments, particularly in the non- services.
automotive market, thereby sustainably expanding
Adira Finance’s customer base.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 159
Page 162
The Company also provides digital platforms Customer Relationship Management (CRM) and
Momobil.id and Momotor.id, which are integrated telesales marketing approaches were further
with the Adiraku application to support automotive strengthened to enhance customer retention,
financing business activities. These platforms offer a particularly through refinancing schemes for
wide selection of new and used cars and motorcycles customers whose automotive financing was nearing
from Adira’s partner dealers, enabling customers maturity. Meanwhile, to maintain its position in
to reserve vehicles and submit credit applications the automotive market, Adira Finance directed its
online. In addition, the Moservice platform offers marketing initiatives toward strengthening existing
various benefits from the automotive ecosystem, market share and expanding it through various
such as workshops and vehicle accessories required attractive programs for customers and dealers.
by customers who own motor vehicles. In the bankable consumer segment, to increase
market penetration, Adira Finance collaborated
In the non-automotive business segment, the with Bank Danamon to market KPM Prima, which
Company is also developing the Danadira application, offers competitive interest rates for mid-to-high-end
which will offer digital-based cash loan products to vehicle products.
consumers. All financing applications submitted
through Danadira are processed digitally, enabling In 2025, sustainable financing also emerged as a
customers to receive faster financing approval and key marketing theme for Adira Finance. Hence,
fund disbursement. the Company is committed to becoming one of
the market leaders in electric vehicle financing by
The Company has also collaborated with Zurich strengthening its presence through participation in
Asuransi Indonesia and Zurich General Takaful major automotive exhibitions and the organization
Indonesia to offer a variety of conventional and sharia of exclusive events. These efforts are supported
insurance products through online purchases via by strategic partnerships with various electric car
the Adiraku application. Furthermore, the Company and motorcycle brands to enhance visibility and
collaborates with Bank Danamon to enable the competitiveness within the industry.
use of a digital wallet for installment payments in
Adiraku, as well as Banking-as-a-Service installment Key strategic marketing activities carried out
payment solutions through Adiraku for Bank throughout 2025 included:
Danamon customers. · Participation in the Indonesia International
Motor Show (IIMS) 2025 in Jakarta and Surabaya
As of the end of December 2025, the Adiraku as a main sponsor and exhibitor, together with
application had been downloaded 6 million times, MUFG and Bank Danamon, with a focus on
with 2 million registered users. environmentally friendly vehicles.
· The Solusi Dana campaign to promote
MARKETING STRATEGY IN 2025 multipurpose financing covering a broader
In 2025, Adira Finance continued to implement a range of customer life-cycle needs, including
customer-centric marketing strategy, which remains education, weddings, healthcare services, home
at the core of the Company’s strategic business renovation, business capital, and other financing
direction. Through this approach, Adira Finance requirements.
seeks to gain a deeper understanding of customer · Exhibitions and customer gatherings through
needs in order to deliver relevant, accessible, and Adira Experience Day (AED), conducted in
value-added financing solutions. In line with its collaboration with dealers across various cities
portfolio diversification strategy, the Company to attract customers to experience and purchase
focused on products with healthy growth prospects new vehicles financed by Adira.
and stronger profitability, particularly multipurpose · Collaboration with Bank Danamon, Zurich
financing. One of the key initiatives in 2025 was Asuransi Indonesia, and Manulife Insurance in
the strengthening of the Solusi Dana campaign, offering non-financing financial products such as
conducted through various marketing channels, Danamon Adira Savings, KPM Prima, and various
both digital and conventional. general and life insurance products tailored to
individual customer needs.
160 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 163
Management
Discussion
and Analysis
· The Undian Umrah untuk Sahabat Program for 85 within the financing industry. As of December 2025,
Performance
winners, provided as grand prizes and door prizes Adira Finance held approximately 4% market share Highlights
for customers who obtained financing through in new car financing and 10% in new motorcycle
exhibition programs and redeemed Adirapoin financing.
Opening
rewards via the Adiraku application.
· Direct selling initiatives through various In addition, the Company recorded approximately a
exhibitions, such as SOBAT EXPO in multiple 9% contribution to total managed receivables within Management
Report
cities across Indonesia, to market Adira Finance’s the financing industry, reflecting its significant
products more closely to the public and potential position in Indonesia’s financing market. Changes in
customers. Adira Finance’s market share in 2025 were influenced Corporate
Profile
· Enhancement of customer loyalty through the by several key factors, including:
continuation of the Adirapoin program available a) Challenging global and domestic economic
on the Adiraku mobile application. The Undian conditions and a declining consumer purchasing
Corporate
Governance
Harcilnas, as part of the Adirapoin Customer power are the main factors affecting Adira
Loyalty Program, offered a grand prize of full Finance’s share of the automotive market. In
Environmental
installment settlement for 35 main winners and response, the Company continued to strengthen and Social
Responsibility
consolation prizes of one-month installment product diversification strategies, optimize
settlement for 350 additional winners. financing for broader market segments, and
Supporting
· The Festival Pasar Rakyat program, aimed at invest in digitalization to improve accessibility Data
strengthening Adira Finance’s engagement and customer service.
with MSMEs and supporting the development of b) Growing interest in environmentally friendly
micro-enterprises in Indonesia. vehicles, which contributed to a significant
increase in electric vehicle financing.
MARKETING EXPENSES c) The introduction of Solusi Dana product has
Throughout 2025, Adira Finance recorded marketing contributed to the expansion of the Company’s
expenses of IDR709 billion, relatively stable market share, as more consumers are seeking
compared to 2024. Despite increasingly competitive flexible financing solutions to meet various
market conditions, the Company maintained an needs, such as education, home renovation, and
efficient marketing cost allocation to support business capital.
various marketing initiatives and strengthen its d) Strategic collaboration with Bank Danamon
market position. For 2026, Adira Finance projects and the MUFG Group has further strengthened
marketing expenditure to be adjusted in line with the Company’s automotive market share in the
the Company’s expansion needs and product upper-middle segment and enhanced cross-
innovation initiatives. selling opportunities.
MARKET SHARE
In 2025, Adira Finance’s market share performance
remained stable despite intensifying competition
Information on Adira Finance’s market share over the past three years is presented as follows:
Information regarding Adira Finance’s market share (2023-2025)
Description 2023 2024 2025
Assets Industry (IDR trillion) 552.9 588.9 584.4*
Adira Finance (IDR trillion) 31.0 32.6 38.5
Market share of the industry 5.6% 5.5% 7%
Financing Receivables Industry (IDR trillion) 659.9 709.3* 719.4*
including
joint financing portion Adira Finance (IDR trillion) 55.7 56.0 63.4
Market share of the industry 8.4% 7.9% 9%
New Motorcycle Sales Industry (thousand units) 6,237.0 6,333.3 6,412.8
Adira Finance (thousand units) 603.0 537.0 641.0
Market share of the industry 9.7% 8.5% 10%
New Car Sales Industry (thousand units) 1,006.0 864 804
Adira Finance (thousand units) 50 35 33
Market share of the industry 5.0% 4.0% 4.1%
Note: *based on OJK data as of August 2025
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 161
Page 164
MARKETING TARGETS, ACTUAL PERFORMANCE, AND PROJECTIONS
In implementing its marketing strategy, Adira Finance adopts a structured and sustainable marketing planning
and control approach. Each marketing initiative is designed to ensure the effective achievement of business
targets, while taking into account prevailing market conditions, consumer behavior, as well as developments
in the economy and the financing industry. The marketing performance achieved by Adira Finance in 2025,
compared to the established projections, along with the outlook for 2026, is presented in the table below:
2025 Realization
Description 2025 Target 2026 Projection
(IDR)
New Financing Disbursement 12%-14% 43 trillion 8%-12%
New Automotive Financing 5%-7% 30 trillion 6%-10%
New Non-Automotive Financing 25%-30% 13 trillion 12%-16%
New Motorcycle Market Share ±9% 10,0% ±10%
New Car Market Share ±4% 4,1% ±5%
STRATEGIC PLAN FOR 2026
In 2026, the Company will continue to pursue a customer-centric strategy to strengthen customer retention
while acquiring high-quality new customers. From a product perspective, the Company will implement
differentiated strategies tailored to each product line, as follows:
· Collaborate with the ecosystem through joint marketing programs with dealers and the partners, as well as
community engagement activities that combine branding and hard-selling to drive referrals and sales.
· Strengthen collaboration with the group ecosystem to obtain competitive funding, high-quality customers,
and support sustainable profitability, particularly through enhancing KPM Prima in the bankable segment.
· Penetrate new markets and optimize prospective brands (such as BYD, Chery, Wuling, Geely, and others) to
increase quality sales volume in new four-wheel electric vehicles.
· Improve competence in multipurpose financing with Customer Relationship Management (CRM) strategies
and continue to develop third-party marketing channels for multipurpose financing products.
· Develop various direct-to-customer marketing programs, such as the thematic Umrah untuk Sahabat
campaign, Undian Harcilnas and Adirapoin loyalty program, integrated with various customer engagement
initiatives to increase customer satisfaction, loyalty, and retention.
162 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Management
Discussion
and Analysis
Performance
Highlights
Opening
Management
Report
Corporate
Profile
Corporate
Governance
Environmental
and Social
Responsibility
Supporting
Data
OPERATIONS
Throughout 2025, Adira Finance Adira Finance strategically strengthened its
market position through the implementation of a
adopted Operational Excellence
robust corporate governance framework and the
as its core theme to strengthen its optimization of digital transformation synergies
position and competitiveness in the across all operational lines. This integrated approach,
grounded in a customer-centric strategy, not only
market. The Company continued to enhances customer experience but also improves
foster strong cross-departmental operational efficiency and supports the achievement
of cost leadership.
collaboration and accelerate
process digitalization through The year 2025 marked a significant milestone for
Adira Finance in line with the business integration
a customer-centric approach to
process with Mandala Finance. The merger
enhance cost efficiency, expedite expanded the customer base, enriched the product
service delivery, and improve portfolio, and strengthened the distribution network
across various market segments, particularly in
overall business performance. multipurpose and non-automotive financing. The
synergy between the two entities has created new
opportunities for product innovation, business
process optimization, and the expansion of financing
services to a broader segment of society.
By integrating strong governance practices,
sustainable digital transformation, and enhanced
post-merger synergies, Adira Finance remains
committed to reinforcing its competitive
advantage in the national financing industry. This
comprehensive strategy serves as the foundation for
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 163
Page 166
operational innovation focused on improving service 3. Third-Party Digital Platform Channels
quality, enhancing business efficiency, and delivering To improve consumer financing transaction
tangible contributions to the advancement of services, especially in this digital era, Adira
Indonesia’s financial services industry. Finance is developing its financing network
through partnerships with digital platforms in
BUSINESS OPERATIONS PROCESS order to reach a broader range of consumers.
Adira Finance has comprehensively adopted digital Therefore, Adira Finance collaborates with several
innovation to streamline operational processes and digital platforms such as Danamon D-Bank Pro,
unlock new growth opportunities. Through the HCI, Tokopedia, Grab, OVO, LinkAja, Gojek, Oto.
utilization of digital technology, the Company has com, Moladin, and other digital platforms.
enhanced connectivity with partners and customers,
thereby significantly expanding its customer base. 4. Bank Payment Network and Automated Teller
Operational efficiency has also improved through Machine (ATM)
the centralization of sales and distribution functions Adira Finance collaborates with several banks
in selected branches, the regional realignment to facilitate payment transaction services
of operational roles, and the implementation of through ATMs. Consumers are able to make
internal automation initiatives that have driven payments through ATM networks, including
higher employee productivity. Bank Danamon’s ATMs–one of the largest banks
in Indonesia–comprising more than 355 branch
Furthermore, the integration process with Mandala offices and service outlets, supported by 1,043
Finance has further strengthened the effectiveness ATMs and CRMs (Cash Recycling Machines),
of this transformation by generating greater with extended connectivity through the ATM
synergies in the utilization of digital infrastructure, Bersama, ALTO, and Prima networks.
business process optimization, and market
expansion. The combination of digital transformation 5. PT Pos Indonesia (Persero)
and post-merger synergy has enabled Adira Finance The Company cooperates with the State-Owned
to become more adaptive, efficient, and highly Enterprise PT Pos Indonesia (Persero) to serve
competitive amid the evolving dynamics of the online and offline consumers whom the post
financing industry. office can reach.
In 2025, Adira Finance continued to strengthen its 6. Franchise Retail Network
digital ecosystem and provide seamless access to Adira Finance also collaborates with retail
transactions and financing services, both through franchise networks, including Indomaret,
online and offline channels. These initiatives were Alfamart, Alfamidi, and Dan+Dan. Consumers can
undertaken to enhance convenience, broaden enjoy the convenience of paying installments at
service reach, and accelerate the financing process the premises of a retail network spread across
for customers various locations, and installment receipts have
been running online.
1. Adiraku Mobile Aplication
Being the Company’s Super-App, Adiraku mobile 7. Cash Deposit Machine Payment Network
application has continued to be improved and Adira Finance has also introduced Cash Deposit
further integrated with the Company’s other Machines at several branch locations to reduce
digital platforms, such as the momobil platform queues at Teller counters, enabling customers to
for cars, and momotor for motorcycles. make installment payments through self-service
using the Cash Deposit Machines.
2. Adira’s Digital Platforms
Adira Finance continues to develop the digital 8. Assessment of Consumer Capacity Estimates
platforms momobil.id, momotor.id, Danadira, Adira Finance aims to appreciate its consumer
moservice.id, dicicilaja.co.id, and others to make value proposition by providing an estimated
it easier for customers to do financing with Adira credit limit capacity, enabling consumers to
Finance. better access the financing amount they intend
to apply for and thereby facilitating a faster
application process.
164 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Management
Discussion
and Analysis
9. A More Streamlined Acquisition Process also enhances financing literacy and promotes
Performance
Adira Finance continues to optimize its timely payment awareness through loyalty point Highlights
acquisition process to deliver a faster and programs and various other forms of customer
more convenient experience for prospective appreciation.
Opening
customers. Technological enhancements have
been implemented through the use of video calls 4. Improve Operating Efficiency for Cost
for verification, the deployment of an AI assistant Leadership Management
Report
for data validation, and the adoption of digital Adira Finance also focuses on cost leadership
signatures. In addition, customers with a strong through continuous improvement and
track record (whitelisted) are granted easier simplification of its business processes. These Corporate
Profile
access to cash loan facilities through DanaDira, efforts are carried out through the optimization
supported by a faster and more efficient approval of procedures and policies, as well as the
process. effective utilization of appropriate technology.
Corporate
Governance
Key initiatives include the regular cadence of
STRATEGIC INITIATIVES IN 2025 process improvements, particularly in loan
Environmental
Adira Finance has established five business strategy maintenance and collection processes; process and Social
Responsibility
themes for the 2023–2025 period, and the strategic automation through the adoption of artificial
initiatives and projects undertaken are aligned with intelligence technologies, such as automated
Supporting
these five themes as follows: document reading and bank statement analysis, Data
as well as the use of chatbots or telerobots for
1. Regaining Market Share in Automotive Business verification and assistance; and the integration
To support its automotive business, Adira Finance of Adira Finance’s operating model with Mandala
has carried out several initiatives such as: Finance to create a more efficient and integrated
· Streamlining the acquisition process and operational structure.
reducing waste to improve the conversion
rate; 5. Digitalization Across Adira
· Expanding the network with a focus on the To remain competitive amid industry dynamics
commercial segment; and and technological disruption, Adira Finance
· Organizing various automotive events and continues to accelerate comprehensive
exhibitions to enhance public interest and digitalization by delivering simpler and faster
engagement processes, particularly for customers who are
increasingly adaptive to digital services. Key
2. Expand and Diversify Non-Automotive initiatives include enhancing the utilization of
Business DanaDira as a platform offering practical digital
Adira Finance supports the growth of its products and services tailored to customer
non-automotive business through various needs, as well as modernizing the Core System
strategic initiatives, including the continued through business process re-engineering and
implementation of strategies to optimize its digitalization to improve the speed, accuracy,
multipurpose financing (Solusi Dana). In addition, and integration of business processes.
the Company strengthens its digital capabilities
by offering cash loan products and services BUSINESS NETWORK AND DISTRIBUTION OF
through a simpler and faster application process, FINANCING REVENUE AND CUSTOMERS
including the use of video calls in the acquisition The merger with Mandala Finance marked an
process to accelerate service delivery and align important milestone for Adira Finance in expanding
with digitalization trends. its scale and strengthening its business capabilities.
This synergy has further solidified Adira Finance’s
3. Improve Customer Retention position as a financing company with an extensive
Adira Finance upholds customer privacy through business network and distribution reach, thereby
the implementation of stringent rules and broadening access to financing services across more
procedures in line with the Company’s Personal segments and regions throughout Indonesia.
Data Protection policy. In addition, several
process enhancements have been introduced As of the end of 2025, Adira Finance operated a
for loyal customers, such as providing pre- total of 877 business networks, comprising 579
approved or instant approval facilities for repeat branch offices (including 123 Sharia branches) and
financing applications, as well as offering video 298 kiosks and satellite offices (including Sharia
call–based survey facilities to accelerate and network), serving more than 2.5 million active
facilitate customer interactions. The Company customers nationwide. In addition to organic
expansion, post-merger synergies with Mandala
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 165
Page 168
Finance have further strengthened Adira Finance’s distribution network and market penetration, particularly
in high-potential regions in Eastern Indonesia. This expansion has broadened the Company’s business reach
and supported its strategy to deliver inclusive, accessible, and relevant financing services tailored to the needs
of the Indonesian community.
Business Network
Satellite/KSKC KSKC US
KC Branch KCUS (Sharia
Area (Others Sharia (Others Total
(Office) Branch Office)
Office) Office)
Jabodetabekser 52 12 11 3 78
West Java 44 17 18 3 82
Central Java 37 7 27 4 75
East Java 35 7 16 5 63
North Sumatra 13 25 14 16 68
Central Sumatra 27 5 24 6 62
South Sumatra 68 12 24 8 112
Kalimantan 42 7 28 5 82
Sulawesi 121 28 47 22 218
Bali & Nusa Tenggara 17 3 15 2 37
Total 456 123 224 74 877
Acive Contract Distribution
Produk
Area Cars Motorcycles Non-Automotive Total
Jabodetabekser 37,180 367,240 138,587 543,007
West Java 12,967 116,427 115,738 245,132
Central Java 7,222 146,562 82,278 236,062
East Java 11,135 111,551 57,947 180,634
North Sumatra 15,817 119,648 41,710 177,175
Central Sumatra 17,568 68,380 45,488 131,436
South Sumatra 16,057 119,916 81,656 217,629
Kalimantan 11,023 137,160 68,473 216,656
Sulawesi 44,552 233,353 226,384 504,289
Bali & Nusa Tenggara 13,961 77,517 29,105 120,583
Others 5,926 5,926
Total 187,482 1,497,754 893,292 2,578,529
166 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Management
Discussion
and Analysis
STRATEGIC INITIATIVES FOR 2026 4. Improve Operating Efficiency for Cost
Performance
In 2026, Adira Finance’s strategic initiatives will be Leadership Highlights
implemented in alignment with the five business · Implementing a regular cadence of
strategies that have been outlined, namely: process improvements, particularly in loan
Opening
maintenance and collection processes.
1. Regain Market Share in Auto Business · Continuing the simplification of business
· Continuing the simplification of the processes through the optimization of Management
Report
acquisition process and the reduction of non- procedures and policies, as well as the effective
value-added activities (waste) to improve the utilization of appropriate technology, such as
conversion rate. document digitalization (paperless) and the Corporate
Profile
· Enhancing dealer relationship management use of electronic signatures to enhance cost
through the strengthening of a more efficiency and operational effectiveness.
integrated, data-driven dealer relationship · Completing the integration of the operating
Corporate
Governance
management system. models of Adira Finance and Mandala Finance
· Enhancing dealer relationshio management to establish a more efficient and aligned
Environmental
using a system. operational structure and Social
Responsibility
2. Expand and Diversify Non-Automotive Business 5. Digitalization Across Adira
Supporting
· Optimizing the acquisition process to make it · Continuing the modernization of the Data
simpler and more efficient. core system through business process re-
· Expanding the use of video calls in the engineering and digitalization to enhance
acquisition process to deliver faster services process speed, accuracy, and integration.
aligned with digitalization trends. · Developing artificial intelligence-based
process automation, including automated
3. Improve Customer Retention document reading, bank statement analysis,
Adira Finance will strengthen customer and the utilization of chatbots or telerobots
relationship management through the for verification and service assistance.
enhancement of an integrated Customer
Relationship Management (CRM) system. This
initiative aims to ensure that every customer
interaction, whether at branches, offline channels,
or digital platforms, is comprehensively recorded,
enabling the delivery of more responsive,
personalized, and consistent services tailored to
customers’ conditions and needs
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 167
Page 170
HUMAN RESOURCES
In 2025, Adira Finance continued to Adira Finance continues to strengthen its Human
Resources (HR) strategy as a key pillar in driving
strengthen collaboration between
sustainable business growth. The Company
the Human Resources (HR) implements a comprehensive HR management
function and other business framework to optimize employee performance,
strengthen a collaborative work culture, and
units in order to drive sustainable enhance the quality of customer service. The
growth. The Company is Company consistently strives to improve HR
management and information systems, refine
implementing an integrated performance management processes, streamline
and adaptable HR management recruitment, and enhance compensation and
benefits packages. A strong emphasis is placed on
framework to create a high-
employee development through career development
performing work culture based opportunities and continuous learning initiatives,
on professionalism, creativity, and including targeted education and training programs.
customer-centric corporate values. STRATEGY, FOCUS, AND POLICIES IN 2025
Adira Finance’s human resource strategy and
management are geared toward addressing the
evolving needs and challenges of the business, both
present and in the future. The Company ensures
that Sahabat Gardira possesses the competence,
expertise, commitment, and adaptability to
change, while continuing to foster and strengthen
the corporate culture that serves as the primary
foundation for running the business.
168 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Management
Discussion
and Analysis
In 2025, the Human Resources Directorate development to have a balance of IQ, EQ, and SQ,
Performance
focused on optimizing the implementation of the enabling them to maintain short-term productivity Highlights
Company’s strategic initiatives by strengthening while developing comprehensively for long-term
the organizational structure and employee success.
Opening
competencies to support an increase market share in
the automotive portfolio, driving growth in the non- In response to the various challenges encounter
automotive segment, and developing a customer- in 2025, Adira Finance has established several Management
Report
centric mindset and skillset to strengthen customer human resource management strategies focused
retention and loyalty. on strengthening organizational capabilities
and increasing operational effectiveness. These Corporate
Profile
Entering 2025, Adira Finance faces various strategies are designed to ensure HR readiness
challenges in human resource development that to support business transformation, strengthen
require the organization to be ready to adapt quickly customer orientation, and maintain sustainable
Corporate
Governance
and effectively. Rapid changes in information performance amidst the competitive dynamics of
technology and digital business require alignment the financing industry.
Environmental
between organizational structure and competency and Social
Responsibility
development to address future business challenges. One of the primary focuses is supporting business
At the same time, employees are required to analytics to improve customer retention, with the
Supporting
possess optimal competencies to run the current HR function playing a role in ensuring employee Data
business while developing innovations for the readiness to understand consumer behavior and
future—ambidextrous capabilities that are key to provide customer-oriented services. In line with this,
maintaining business growth and sustainability. Adira Finance continues to implement a customer-
centric strategy, putting the customer at the center
Additionally, the increasing presence of Generation of all business and operational decision-making
Z in the workforce drives the need for an effective processes.
multigenerational human resource management
strategy, both in terms of policies and managerial From an operational perspective, the Company is
approaches. Another challenge is the increasing committed to strengthening the digitalization and
number of leadership levels who will retire in the next automation of work systems to create more efficient
five years, which requires readiness for regeneration and accurate processes. Productivity management is
programs and sustainable leadership development. also a key focus, with regular productivity monitoring
to ensure optimal performance and alignment with
In the context of operational efficiency, increasing the Company’s business goals.
employee productivity is essential to maintaining
optimal operational costs, considering that employee In order to support the growth of a quality workforce,
costs constitute one of the largest components Adira Finance is developing digital-based sourcing
of the Company’s cost structure. Furthermore, channels and an online recruitment process,
Adira Finance also emphasizes the importance of ensuring a database of competent candidates
increasing employee awareness of environmental aligned with business and operational needs.
and social sustainability by encouraging active Furthermore, the Company continues its corporate
participation in various initiatives that contribute to culture strengthening program through various
the community and the surrounding environment. engagement activities implemented using a hybrid
concept as an effort to maintain a collaborative spirit
In conjunction with technological advances, and organizational readiness for the post-pandemic
Artificial Intelligence (AI) is beginning to be utilized era.
to optimize HR functions, including recruitment
processes, performance management, and Furthermore, Adira Finance is reviewing its
productivity analysis. Amidst the increasingly rapid remuneration and incentive systems to encourage
and competitive dynamics of the industry, Adira increased productivity, ensure internal equity,
Finance believes it is critical for human resource and adapt to changes in business processes,
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 169
Page 172
particularly in strategic positions that significantly NUMBER OF EMPLOYEES 2024 [GRI 2-7]
impact company performance. Through these As of December 2025, Adira Finance’s employee base
comprehensive strategies, Adira Finance strives to reached 30,408. This number aligns with operational
build an organization that is resilient, adaptive, and business needs in terms of both quantity and quality.
oriented towards sustainable long-term growth. Comparative employee information, including the
number of employees at each organizational level,
With regard to organizational development, Adira education level, and employment status, has been
Finance continues to strengthen its structural presented in the Company Profile.
foundation and internal capabilities to support the
post-merger integration process with Mandala RECRUITMENT AND CAREER DEVELOPMENT
Finance. This integration opens up broad synergy Adira Finance applies strict and transparent criteria
opportunities, including improving operational in its recruitment process to ensure that each
efficiency, developing talent, and optimizing position is filled by the best candidates who possess
business processes, creating a more resilient and high competencies and align with the Company’s
adaptable organization to the dynamics of the values and
culture. The entire selection process is
financing industry. conducted objectively and impartially, guided by
the principle of equal employment opportunity
As part of this strategic agenda, Adira Finance is and compliance with applicable labor regulations.
developing a customer-centric organization to As part of its commitment to ethical employment
ensure all business functions and processes are practices, Adira Finance does not employ underage
aligned with customer needs and experiences. workers or any form of forced labor.
This approach also supports efforts to strengthen
the channeling network across the post-merger The recruitment process is carried out selectively
ecosystem, enabling collaboration between Adira to support positions and functions required by the
Finance and Mandala Finance to deliver significant business. This includes:
added value to customers. • Recruitment for cadre development, particularly
for positions such as General Management
Furthermore, Adira Finance continues to conduct Trainee (MT), Digital MT, Business Analyst MT,
performance evaluations and implement their Sales MT, Billing MT, and Risk MT;
results to adapt to the ongoing organizational • Selective recruitment at specific points and
changes, particularly in the new functions locations to support organizational and business
established in line with the strategic direction and development, such as recruitment needs for the
needs of the combined business post-merger. This Digital Business team, IT team, Billing team, Sales
process ensures that the organizational structure team, Operational Support team, and Business
remains relevant, responsive, and efficient to adapt Analyst;
with the increasingly complex market demands. • A scheduled national program that conducts
sourcing activities to maintain the availability
In order to improve work effectiveness and efficiency, of a database for specific positions in specific
Adira Finance evaluates and develops employee locations that still require the Company’s
productivity standards, considering business operational and business support.
achievements, ongoing transformation initiatives, • Accelerated recruitment, through an online
and the characteristics of specific operational portal process, to ensure a well-controlled SLS
areas. This data-driven approach forms the basis for process and duration;
more measurable performance management that • Holding an Adira Finance Virtual Job Fair, where
balances business targets and employee well-being. candidates can participate in the recruitment
process, from viewing posted job openings to
As part of its long-term talent development the recruitment stage, online 24 hours a day,
program, Adira Finance continues the development remotely, from anywhere. In addition to virtual
of Generalist and Specialist career paths, designed events, the recruitment team also participates
to accommodate organizational needs and support in in-person job fairs organized by government
individual career growth within the Company’s
expanded post-merger ecosystem. This initiative not
only strengthens organizational capabilities but also
represents a crucial step in building a collaborative
work culture that combines the strengths and
excellence of both entities.
170 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Management
Discussion
and Analysis
and non-government agencies. There is also a This initiative is undertaken to ensure the Company
Performance
One-Day Recruitment program, which prioritizes maintains a talent pool for rotations, promotions, Highlights
positions requiring a large workforce quickly to resignations, or retirement. From an employee
ensure workforce fulfillment; perspective, this is done to ensure employees
Opening
• Developing a new recruitment strategy through receive appropriate development and a career path
freelancers for IT and digital positions; throughout their time at the Company. Another
• Empowering all employees to participate in initiative the Company has undertaken regarding Management
Report
providing candidate references through the career development is the development of a
Referral Program or Gardira Get Employee; specialist-generalist system, allowing employees
• 3+1 Internship Program with one of Indonesia’s with specific functions to receive more accurate and Corporate
Profile
leading universities; and appropriate career path development.
• Filling positions through outsourcing vendors.
As of December 2025, Adira Finance has recruited
Corporate
Governance
The Company is responsible for assisting each 6,108 new employees. Of this number, based on
employee in achieving development and career educational level, 10% of employees have a bachelor’s
Environmental
paths aligned with their individual capacities and degree, 59% have a diploma, and the remaining 30% and Social
Responsibility
capabilities. Therefore, Adira Finance Corporate have postgraduate degrees, high school degrees,
University annually conducts talent identification and junior high school degrees. Based on age
Supporting
and mapping for all leaders and an IDP for employees distribution, the majority of employees recruited by Data
meeting specific criteria. This process ensures the the Company are within the productive age group,
Company has an employee talent map, a Bench with 14% aged 18-25 years, 51% aged 26-35 years, and
Strength Program, and a Succession Planning the remaining 35% aged 36-55 years.
Program.
Details of Employee Recruitment & Turnover Based on Gender [GRI 401-1]
2023 2024 2025
Description
Male Female Total Male Female Total Male Female Total
New Employee 1,278 430 1,698 1,292 351 1,643 4,655 1,453 6,108
Employee 1,515 241 1,758 1,562 226 1,788 1,962 428 2,390
Leaves
Details of Employee Recruitment & Turnover Based on Age Group [GRI 401-1]
2023 2024 2025
Description <30 30-50 >50 <30 30-50 >50 <30 30-50 >50
years years years Total years years years Total years years years Total
old old old old old old old old old
New Employee 1,366 679 1 2,046 1,117 519 2 1,698 2,248 3,779 81 6,108
Employee 638 1,174 26 1,838 620 1,099 37 1,756 577 1,151 82 2,390
Leaves
Details of Employee Recruitment & Turnover Based on Area [GRI 401-1]
2023 2024 2025
Description Area Area Area Area Area Area Area Area Area
Total Total Total
1 2 3 1 2 3 1 2 3
New Employee 254 1,146 298 1,698 276 976 391 1,643 1,410 1,617 3,081 6,108
Employee 343 1,116 297 1,756 352 1,154 282 1,788 450 1,385 555 2,390
Leaves
Region 1: Sumatra 1, Sumatra 2
Region 2: Greater Jakarta, West Java, Central Java, East Java, Head Office
Region 3: Kalimantan, Bali & Nusa Tenggara, Sulawesi, Maluku, Papua
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 171
Page 174
EQUALITY AND EMPLOYMENT OPPORTUNITIES In order to maintain leadership continuity and
Adira Finance is committed to providing equal strengthen the organizational foundation, Adira
and inclusive employment opportunities for all Finance also continues to prepare future leaders
individuals who possess the competence, integrity, and potential leaders through various development
and passion to grow with the Company. The principles programs, ranging from management traineeships
of equality and open employment opportunities for young talent to leadership development
are consistently applied throughout all stages of programs for managerial and executive levels. This
human resource management, from recruitment effort is further strengthened by the post-merger
and promotion to competency development, synergy with Mandala Finance, which opens
assignments, performance evaluations, and the up cross-functional learning opportunities and
remuneration system. As part of the post-merger expands the talent pipeline across all levels of the
synergy with Mandala Finance, Adira Finance is organization.
expanding career opportunities for internal talent
from both entities, while also opening opportunities In 2025, training methods were available in a variety
for new professionals to contribute to the ongoing of formats, including offline, online, and hybrid,
business transformation and digitalization. depending on the required effectiveness and
efficiency of the training program.
Adira Finance provides equal rights and opportunities
to everyone to join and build a career regardless At Adira Finance, competency development
of religion, ethnicity, race, social status, skin color, programs are geared toward enhancing current
gender, or other individual characteristics, including competencies to meet current and future needs and
disabilities, in accordance with applicable internal begin as soon as new employees join the Company.
and external regulations. Unlike previous years, this year, training for new
employees was conducted not only through the
In career development, Adira Finance does not app and on-site at their respective locations but also
discriminate for any reason, basing its decisions on offline at several locations throughout the region.
selection results and competency evaluations. Each This aims to strengthen competencies early on and
employee is evaluated based on their individual accelerate the learning process.
potential, abilities, and expertise. Every employee
is given an equal opportunity to contribute In addition to regular refresher programs, Adira
to improving the Company’s performance. Finance also runs competency equalization
Furthermore, outsourced employees are also given programs through certification programs for
equal opportunities to develop their careers at Adira specific positions. This is done to obtain a more
Finance. comprehensive picture of the competency mapping
of the relevant positions and ultimately determine
COMPETENCY TRAINING AND DEVELOPMENT development programs that better align with the
[SEOJK F.22] [GRI 401-2] needs and expected competency standards.
HR competency training and development at Adira
Finance aligns with Financial Services Authority Leader development also remains a focus for Adira
(OJK) Regulation No. 47/POJK.05/2020 concerning Finance, including for future leaders. In addition to
Business Licensing and Institutionalization of development for leaders promoted from within, a
Financing Companies and Sharia Financing management trainee program for business analysis
Companies. HR development at Adira Finance is and collection functions was launched in 2025.
aimed at improving employee competencies and The Talent Pool training program is also a Leader
capabilities to align with the demands of their development initiative at Adira Finance.
respective job functions and support the success of
the ongoing business transformation program. Furthermore, to support productivity and a positive
work environment in frontline functions, this year
The Company continuously conducts various the empowering coaching training program was
training programs, enhances understanding, and reinstated with a more specific target, namely sales
develops skills to ensure that all Adira employees are coaching.
able to adapt to changing business processes and
the implementation of new technologies.
172 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Management
Discussion
and Analysis
Training programs are also conducted as part From an organizational perspective, Adira Corporate
Performance
of change management to prepare employee University is strengthening its digital business Highlights
capabilities for implementing transformation organization in line with planned developments,
projects, such as business process engineering IT, risk, and credit to support the Company’s future
Opening
(BPR), customer relationship management, and strategy.
strengthening the multipurpose financing portfolio.
In 2025, Adira Corporate University continued its Management
Report
Under the supervision of the Financial Services focus on optimizing the implementation of the
Authority (OJK), Adira Finance ensures compliance Company’s strategic initiatives. Key priorities include
with regulations regarding financing certification organizational strengthening and competency Corporate
Profile
and the modules required by the POJK. Adira enhancement to expand market share in the
Finance also strengthens its culture of innovation automotive portfolio and drive sales growth in
by consistently implementing innovation programs the non-automotive portfolio. Furthermore, Adira
Corporate
Governance
such as Innolimit, an innovation competition, and Corporate University is committed to enhancing
Innobox, an innovation and improvement suggestion customer service mindsets and skills to increase
Environmental
box. retention, optimize productivity, and strengthen and Social
Responsibility
digital capabilities to support the Company’s
Adira Corporate University sustainability and competitiveness.
Supporting
Established in 2015, Adira Corporate University Data
is part of Adira Finance’s core strategy to ensure Adira Corporate University contributes to raising
the provision and development of sustainable ESG awareness among both employees and the
and targeted talent. Through this institution, community. This awareness encompasses climate
the Company strives to create an integrated change, sustainable development goals, and
learning system that supports the improvement of sustainable finance through employee training
competencies, leadership capabilities, and employee as part of the sustainable finance action plan.
readiness to face dynamic business transformations. Adira Corporate University also plays a role in
Adira Corporate University also serves as a strategic the dissemination and training of carbon offsets
tool to ensure effective and efficient organizational initiated by the Human Resources Directorate. Adira
and human resource management. Corporate University also conducts CSR activities,
including providing educational scholarships and
In the competency development process, both computers for digital libraries in several locations
through upskilling and reskilling, Adira Corporate across Indonesia.
University focuses on developing a Learning
Ecosystem through the Faculty Member of Adira Moving forward, Adira Corporate University will
(FMA) pillar, the Digital Learning pillar (which continue to raise ESG awareness among employees
provides various learning channels tailored to and the community by providing broader training on
individual learning styles), and a learning culture. climate change, sustainable development goals, and
sustainable finance. Furthermore, it will contribute
Adira Corporate University also serves to ensures to the government’s carbon offset initiative and
that all employees have equal opportunities to reach financial literacy program. Financial literacy efforts
the highest levels of management based on their will include greater instructor training and a wider
performance and potential abilities through Talent distribution of resources to underserved schools.
Supply Management within the Corporate University Meanwhile, ongoing CSR initiatives will include
organization. Starting in 2023, through Talent scholarship programs and increased access to digital
Supply Management, Adira Corporate University libraries.
also ensured the availability of bench strength
for succession planning, particularly for replacing
retiring employees and short-term promotions for
the next three years.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 173
Page 176
Employee Competency Development Data [SEOJK F.22][GRI 404-2]
Number of Participants and Position Level
Type of
Training Objectives Senior Middle Junior & Non-
Training
Management Management Management
Qualifications Preparing the competencies of job holders according 156 1,776 3,256
& Leadership to a certain rank level
Mandatory Providing insights and knowledge that employees 135 1,876 59,604
must understand based on regulations, and ensuring
business continuity through good corporate
governance procedures and risk mitigation
Functional Improving employee competency according to job 198 9,407 50,267
function
Transformation Preparing employee competencies in implementing - 627 6,715
company transformation programs
Others Maximizing employees potential to enhance their 140 2,983 17,789
effectiveness both personaly and professionally
COMPETENCY DEVELOPMENT INVESTMENT Adira Finance has taken several steps to ensure
As of December 2025, Adira Finance has conducted that all stakeholders consistently adhere to the
273 employee training and development programs, Company’s Code of Ethics, including:
consisting of competency improvement programs, • Socializing and educating all employees about
transformation training programs, compliance the Code of Ethics by distributing the Company
programs, knowledge management events, and Regulations and Code of Ethics;
external training. • Opening channels or access for reporting
violations to all employees, such as through the
These training programs were attended by 147,183 whistleblowing system (WBS), or reporting to
participants. The Company’s total investment in superiors and competent departments such as
human capital development as of December 2025 HR, anti-fraud management, and others.
amounted to IDR67.9 billion, representing a decrease • All regulatory creations, such as internal memos
of 2% (yoy) from IDR69.4 billion recorded in the same and temporary regulations, must refer to and not
prior of the previous year. conflict with the Code of Ethics.
• Learning the Code of Ethics through digilearn.
CODE OF ETHICS
PT Adira Dinamika Multi Finance Tbk.’s Code of CORPORATE CULTURE
Ethics outlines ethical values and norms that align The Company’s cultural values provide
a framework
with the Company’s vision, mission, and cultural for the daily actions and behaviors of management
values. This Code of Ethics governs the behavior of all and employees in carrying out their duties and
management and employees in their daily work and responsibilities to achieve the Company’s goals,
in their relationships with customers, colleagues, vision, and mission. The Company’s values are known
and third parties. This Code of Ethics also serves as as the ADIRATOP Principles and Behaviors (Advance,
the principal basis for implementing the Company’s Discipline, Integrity, Reliability, Accountability,
ABC (Anti-Bribery & Corruption) policy. Teamwork, Obsessed, and Professional).
The Adira Finance Code of Ethics serves as a Adira Finance implements various employee
guideline for all management and employees in engagement programs as an effort to retain
carrying out their daily duties, relating to work ethics quality human resources by applying the following
in serving customers, relationships with colleagues principles:
and third parties, conflicts of interest, managing • Creating a work environment conducive to
and maintaining the confidentiality of Company growth.
information, anti-money laundering, and terrorism • Employees are rewarded based on their
financing. achievements and contributions.
• Employee performance is evaluated objectively
and periodically.
174 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Management
Discussion
and Analysis
• Implementing a competitive compensation and bank management, as well as safety riding and
Performance
benefits system. emissions testing. Similarly, the implementation Highlights
• Supporting the existence of communities of Sustainable Finance CSR, which includes tree
within the Company, including sports, spiritual, planting for the environment and carbon emission
Opening
and other groups, which can foster a spirit of reduction programs through the Sayang Bumiku
togetherness and sportsmanship and increase program, necessitates ADIRATOP behaviors from
overall employee productivity. employees. Management
Report
Adira Finance organizes several activities to apply the ADIRA HAPPINESS PROGRAM
Company’s values to maintain and build harmonious The Adira Happiness Program (AHA Program), first Corporate
Profile
relationships in the workplace with employee initiated by the HR Department in 2019, aims to
representatives as part of the implementation of the shape Adira Finance into a Happy Organization.
Company’s culture and to improve productivity and Ultimately, this program aims to produce Happy
Corporate
Governance
employee well-being. Customers, one of the requirements for becoming a
Customer-centric Organization.
Environmental
Adira Finance instills a customer-centric corporate and Social
Responsibility
culture and enhances employee understanding of The AHA Program focuses on well-being and
this principle through the following methods: productivity (happily productive). AHA wellbeing
Supporting
• Projects involved in the development of products, activities focus on mental health, family relationships, Data
applications, and regulations deemed customer- financial wellbeing, and health. AHA happily
centric to facilitate and create a comfortable productive activities include webinars, fun learning,
work environment (happiness) for all users, both and a happiness program competition with one of
internal (employees) and external (customers, the themes being “happily productive.” The active
dealers, and all other stakeholders); role of AHA Bosque (AHA change agents) also plays
• Regulatory socialization, training, and a crucial role in disseminating the AHA program to
organizational changes to provide understanding all Adira Finance employees.
and change employee mindsets and habits,
accompanied by the implementation of In order to accelerate the internalization of this
customer-centric principles for both internal and program, Adira Finance began developing an HR
external customers. Superapp last year, with further features being
developed this year.
In the context of Environmental, Social, and
Governance (ESG), the application of ADIRATOP One recently launched program is the Employee
values is
a crucial foundation supporting the Assistance Program “Gardira Plong” (healing corner),
implementation of Sustainable Finance principles in collaboration with professional counselors. This
at Adira Finance. These values shape a work culture program aims to help Adira Finance employees
with integrity and a customer focus and strengthen maintain their mental health and become optimally
the Company’s commitment to conducting functioning individuals.
responsible business.
INDUSTRIAL RELATIONS
Adira Finance’s focus on Sustainable Finance is Adira Finance proactively builds and maintains
reflected in its Responsible Workplace Management healthy, harmonious, and constructive working
and the implementation of Corporate Social relationships between employees and the Company.
Responsibility (CSR) programs oriented toward This effort is carried out by ensuring that the rights
Sustainable Finance. Responsible Workplace and obligations of both employees and the Company
Management programs require ADIRATOP are fairly protected, in accordance with applicable
behaviors, such as water and electricity conservation, labor laws and regulations. Through the Human
paper reuse, bringing your own cutlery, and waste Capital (HC) Management Directorate, the Company
supervises and controls all activities related to
employee management to ensure compliance with
labor regulations and mitigate potential risks of
human rights and industrial relations violations.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 175
Page 178
The ultimate goal of industrial relations management EMPLOYEE TURNOVER RATE [GRI 401-1]
in the Company is to improve employee productivity As of December 2025, the Company’s turnover rate
and welfare. Therefore, Adira Finance also positions was well maintained, with a slight improvement
employees/employee representatives as strategic compared to 2024. Adira Finance successfully
partners in building and maintaining harmonious achieved an improvement in its regretted employee
industrial relations in the workplace through regular turnover rate by the end of the year, reaching 2.43%,
and ongoing communication. compared to 3.41% in 2024.
In order to foster effective and open communication, Several initiatives undertaken by the Company
the Company provides various channels for dialogue to maintain a healthy employee turnover rate
between management and employees. One such (regretted attrition) are as follows:
program is the GEMBA (Gerakan Manajemen • Holding focus group discussions (FGD) with
Turun ke Bawah) program, which provides a direct employee representatives, particularly field
platform for interaction between management employees, to examine the factors behind
and employees to gather aspirations and gain a turnover and the steps needed to resolve them.
deeper understanding of operational conditions. • Formulating an action plan based on the results
The Company also operates the Innolimit program of the Organizational Culture & Health Index
as a means to accommodate and develop creative (OCHI), conducted at the beginning of each year
employee ideas that contribute to improving and implemented throughout the year.
company performance and innovation. Furthermore, • Reviewing productivity targets and employee
the Whistleblowing System (WBS) provides a remuneration schemes, adjusted to business
secure and confidential complaint mechanism for conditions (especially for field employees).
employees to report suspected violations safely and • Holding motivational sessions and activities
confidentially. for employees nationally that involve the Board
of Directors directly and appointed vendors/
Harmonious industrial relations are also supported motivators, such as through the Gerakan
through active employee participation in various Manajemen Turun ke Bawah (GEMBA) activities,
Company-initiated activities, such as employee motivational webinars, Board of Directors’ letters,
sports competitions through the Advaganza and others.
tournament, volunteering in CSR activities, and
participating in committees for various Company EMPLOYEE REMUNERATION & WELFARE [SEOJK
activities and events. This involvement fosters F.21]
togetherness, collaboration, and a positive work Adira Finance consistently applies the principle
environment. of prudence in providing fixed and variable
remuneration, considering the scale and complexity
The Company is committed to providing and of the business, peer group, inflation rate, financial
guaranteeing the implementation of employee condition and capacity, and Company performance.
normative rights in accordance with applicable The Company’s remuneration policy is established by
regulations. These rights include payment of wages, considering the following remuneration philosophy:
social security, and holiday allowances, as well • Supporting the Company’s long-term goals and
as, under certain circumstances, the provision of strategies.
incentives and bonuses as a token of appreciation • Encouraging individual and team performance
for employee contributions. This commitment aims with the 3P principle (Pay For Position, Pay For
to provide employees with a sense of security and Person, Pay For Performance).
certainty in carrying out their work. • Retaining well-performing employees.
• Fairness with the peer group.
Adira Finance is also actively implementing changes
to the Company’s industrial relations regulatory Adira Finance implements a meritocratic system, or
mechanisms to align with Government Regulations a merit- and risk-based reward system (Risk-Based
derived from the Job Creation Law (Ciptaker) and Remuneration), guided by employee performance
socializing these changes to all employees. and the provisions of the Financial Services Authority
176 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 179
Management
Discussion
and Analysis
(OJK), laws and regulations related to Employment and Wages, and the Job Creation Law. With this system,
Performance
Adira Finance rewards employees according to their position and competency, considering each individual’s Highlights
performance. In addition, the Company provides employment benefits for both permanent and contract
employees.
Opening
Employee Benefits [GRI 401-2]
Management
Employee Status Report
No. Remuneration Components
Permanent Employees Contract Employees
1 Basic Salary √ √ Corporate
Profile
2 Religious Holiday Allowance √ √
3 Transportation Allowance √ √ Corporate
Governance
4 Leave Allowance √ √
5 Long Service Award √ √
Environmental
and Social
6 Production Services x x Responsibility
7 Medical Allowance (BPJS Health) √ √
8 BPJS Employment √ √ Supporting
Data
9 Meal Allowance √ x
10 Positional Allowance √ x
11 Employee Family Condolence Compensation √ x
12 Shift Allowance x x
13 Attendance Incentives x x
14 Telecommunications Allowance √ √
15 Maternity Allowance x x
16 Marriage Allowance √ √
17 Umrah/Hajj Bonus x x
18 Company Clinic x x
19 Annual Bonus √ √
20 Housing x x
21 Recreation x x
22 Replacement Allowance x x
23 Family Allowance x x
24 Education Aid x x
EMPLOYEE SATISFACTION LEVEL [SEOJK F.18]
Adira Finance conducts regular employee satisfaction surveys through the Employee Engagement Survey (EES)
to foster a conducive work environment and boost productivity. Adira Finance’s 2025 Employee Engagement
Survey (EES) index remains excellent, reaching 83%, which falls into the Moderately Engaged category.
Adira Finance also regularly conducts Organization Culture & Health Index (OCHI) surveys to measure the
health of the Company’s organizational culture. This allows the Company to ensure its organizational culture
remains within a healthy index category to support operations and increase productivity amidst intense
business competition. The 2025 Organization Culture & Health Index (OCHI) recorded an entropy index value
of 7%, which falls into the healthy category with a Grade A. However, 7% of hazard factors were identified that
affect the health of Adira Finance’s organizational culture.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 177
Page 180
ESG implementation certainly impacts EES and Looking ahead, Adira Finance projects a more stable
OCHI 2025, particularly through the Sustainability workforce in 2026, owing to relatively moderate
Finance Stream, which has two main projects, economic growth and the ongoing business recovery.
namely Responsible Workplace Management and The Company will also continue its employee
CSR. Responsible Workplace Management aims to productivity improvement initiatives implemented
create a sustainable workplace. This contributes to in 2025. Meanwhile, salary and allowance costs are
improving employee EES and OCHI scores through expected to increase in 2026 in line with the increase
programs such as safety riding, which is particularly in the minimum wage (UMR) as stipulated by the
beneficial for field employees, and a culture of Indonesian government. [SEOJK F.20]
bringing your own tumbler and emissions testing.
ESG INTEGRATION IN HUMAN RESOURCE
HUMAN RESOURCE DEVELOPMENT TARGET MANAGEMENT [GRI 3-3]
AND REALIZATION IN 2025 AND PROJECTIONS Adira Finance will continue its ESG awareness
FOR 2026 program for employees through awareness and
As of December 2025, Adira Finance’s workforce education, campaigns, socialization, environmental
total 30.4 thousand employees, increasing from literacy, and training. Adira Finance has also begun
17.1 thousand employees in 2024. This increase encouraging employees to take concrete action
was primarily driven by the merger with Mandala through the “Sayang Bumiku” program (carbon
Finance, which integrated the human resources of offset program). Social programs such as educational
both entities in to the Company’s organizational assistance through scholarships, seminars,
structure. Following the merger, the Company books, and computers will also continue. In the
conducted a review and re alignment of its Environment, Health, and Safety (EHS) department,
organizational structure to ensure alignment with is Adira Finance’s social programs include Natural
business strategy while enhancing productivity and Disaster Relief Donations to employees, donations to
operational efficiency. This restructuring process schools in Cilacap and Special Needs Schools (SLB)
resulted in one-off (non-recurring) expenses related in Semarang, and student scholarships through
to the fulfillment of post-employement benefit Karya Salemba Empat (KSE).
obligations.
Adira Finance has a plan until 2026 to implement
Adira Finance has undertaken various initiatives ESG within the company through a carbon offset
to build employee development competencies to initiative consisting of three main activities:
create the best, most qualified human resources Awareness & Education, Carbon Offset Activities,
with the qualifications required by the Company. and Non-Carbon Offset Activities.
Therefore, the Company targets the number of • Awareness & Education includes mini talk shows,
training days in 2025 to reach 123,570 days, with the training to trainers (TTT) starting from leaders,
realization as of December 2025 reaching 126,156 ambassadors, and members on climate change
days. and carbon offsets, a Literacy Corner, and a trial
run of Scope 3 calculations.
Training coverage (the percentage of employees • Carbon Offset activities include energy efficiency
receiving at least 3 development sessions) as of installations (smartcool), solar panels, mangrove
December 2025 was 78.24%. Training coverage is planting, other tree planting, and the calculation
implemented to support employee understanding and issuance of RECs and Carbon Credits.
and skills development to ensure the smooth • Non-Carbon Offset activities include supporting
running of Adira Finance’s business transformation. activities such as electric vehicle charger
installations, employee offsets through the super
The realization of the Company’s training and app (Smile Apps), customer offsets through the
development investment costs as of December 2025 Adiraku application, emission testing, safety
were 2.5% of its manpower costs. This figure exceeds riding, and referral programs for environmentally
the minimum target of 2.5% set by the Financial friendly financing (e.g., solar panels, electric
Services Authority (OJK). vehicles, and others).
178 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Management
Discussion
and Analysis
The objective of this series of initiatives is to achieve 6. Strengthening a growth mindset culture and
Performance
the zero-emission target by 2026. Adira Finance is operational discipline through the Gardira Ritual, Highlights
committed to making a positive impact on the world Employee Engagement, and internalization of
and believes that ESG is fundamental to achieving CSV and ADIRATOP values.
Opening
this objective.
With regard to organizational development, Adira
2026 STRATEGIC PLAN AND HUMAN RESOURCE Finance will implement the following focus areas, Management
Report
DEVELOPMENT ROADMAP strategies, and activities:
Entering 2026, Adira Finance faces several challenges 1. Continuing the integration of the ADMF–HI
related to human resource development, such as: organization (HO and branches) by aligning the Corporate
Profile
1. The increase in the number of employees operating model and mapping the workforce
following the merger, which requires according to business needs.
harmonization of organizational structures, HR 2. Continuing the employee mapping program to
Corporate
Governance
policies, and optimization of talent distribution to support manpower cost efficiency and alignment
ensure synergy and operational effectiveness. with operational needs.
Environmental
2. The need for sustainable employee productivity 3. Developing productivity standards based on and Social
Responsibility
improvement to maintain competitiveness and LOB differentiation, ROA, density, and portfolio
ensure an optimal operational cost structure characteristics to optimize business performance.
Supporting
amidst industry dynamics. 4. Optimizing the management of non-FTE Data
3. The need for a more adaptive and agile (outsourcing, partnerships, internships) with
organizational transformation, aligned with the clear career paths and competency standards.
Company’s strategic direction.
4. The imbalance in capability levels between Lines The core strategy for human resource development
of Business (LOBs), which requires alignment of at Adira Finance is to enhance human resource
competency standards and accelerated talent capabilities, enabling the Company to effectively
development. face current and anticipated industry and business
5. The demand for system integration, work challenges, namely:
processes, and a unified organizational culture 1. Implementing Strategic Talent Positioning and
to build a harmonious, collaborative, and an annual Talent Review for Managers and VPs
performance-oriented work environment. to strengthen bench strength and succession
6. The growth of artificial intelligence that can be readiness.
used to optimize HR functions. 2. Revamping the leadership and promotion
7. Amidst increasingly challenging industrial framework in two stages (Essential and Elevating
conditions and rapid change, employees with a Competencies).
balance of IQ, EQ, and SQ are required, as well 3. Increasing frontline productivity through
as those who align short-term productivity with mandatory certification and recertification for
comprehensive long-term self-development. sales, credit, collection, service, and operations
functions according to LOB and regional needs.
Adira Finance’s strategy to address the challenges of 4. Conducting profiling and assessment based on
2026 includes the following key initiatives: LOB differentiation, ROA, density, and portfolio
1. Ensuring an efficient and integrated organization characteristics.
post-ADMF-HI, through structural integration, 5. Improving digital capabilities through IT
manpower mapping, and alignment of job employee assessments, campaigns, and training
descriptions and KPIs. for all employees.
2. Preparing the leadership pipeline, especially at the 6. Developing a reward scheme that encourages
Manager-VP level, in response to the significant productivity and performance, as well as
retirement trend and limited successor pool by strengthening non-financial rewards, especially
implementing a new succession program and for frontline and non-FTE employees.
leadership development framework. 7. Strengthening a growth mindset culture through
3. Building HR capabilities and productivity with activity rituals to encourage disciplined execution
a focus on each Line of Business (2W, 4W, Non- and Operational Excellence, while reinforcing the
Auto, Non-Retail). meaning of work and the value of CSV.
4. Implementing a modern, productivity-based 8. Optimizing the use of HC analytics (predictive
reward scheme, using fixed and variable and monitoring) to improve the effectiveness of
components, to drive engagement and HR management processes.
performance.
5. Accelerating the digitalization of the HC System
through HCM reengineering, predictive analytics,
and integrated e-recruitment.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 179
Page 182
INFORMATION TECHNOLOGY
Adira Finance continues to Adira Finance recognizes that Information
Technology (IT) plays an increasingly strategic role
reinforce its position as one of
in supporting the successful implementation of
Indonesia’s leading financing business strategies, both in the short and long term.
companies by driving sustained During 2025, the Company continued to strengthen
its technological foundation by comprehensively
innovation and making integrating various IT applications and systems,
targeted strategic investments aligning with the direction of business transformation
and operational needs across all organizational lines.
in information technology.
Throughout 2025, the Company Through these efforts, the Company can optimize
business process efficiency and effectiveness,
prioritized the deployment of
support business expansion, reduce operational risks,
integrated digital solutions to and reinforce Adira Finance’s competitive advantage
streamline operations, broaden in the financial services industry. By implementing a
measured and data security-oriented IT architecture,
market penetration, and the Company ensures that every digital initiative
consistently deliver enhanced, directly contributes to increasing business value and
sustainability.
customer-centric experiences.
INFORMATION TECHNOLOGY BLUEPRINT
Adira Finance has developed a robust Information
Technology (IT) blueprint that functions as a
strategic roadmap for guiding and aligning all digital
transformation initiatives. This blueprint ensures that
180 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Management
Discussion
and Analysis
the management and development of technology The Company also adopted cloud-based
Performance
are executed in an integrated and efficient manner, technologies to increase the scalability and flexibility Highlights
fully aligned with the Company’s long-term business of IT infrastructure, ensuring more efficient and
strategy. adaptive operations. Additionally, the application
Opening
of artificial intelligence (AI) and machine learning
The blueprint covers various key aspects, including (ML) in data analysis was implemented to support
application lifecycle management, which the provision of more relevant services tailored to Management
Report
encompasses development, maintenance, and customer needs.
operational support processes; infrastructure
management, covering hardware, software, and The Company’s IT strategy continued to focus on Corporate
Profile
communication network management; and data developing and optimizing digital applications to
management, focusing on governance, security, improve ease of access to services for customers.
and information reliability to support data-driven Furthermore, continuous enhancement of
Corporate
Governance
decision-making. cybersecurity measures was undertaken to protect
Company and customer data from potential threats.
Environmental
This blueprint outlines all short-term and long-term The Company also strengthened its analytics and Social
Responsibility
IT initiatives and is regularly updated to align with systems to support faster and more accurate data-
the evolving business needs of Adira Finance. driven decision-making.
Supporting
Data
Furthermore, Adira Finance continues to adopt Regarding IT policies, Adira Finance implemented
various industry-recognized IT implementation data-driven decision-making policies across all
standards for the financial sector, such as: organizational levels; developed an information
• Control Objective for Information and Related security framework based on international standards
Technology (COBIT), Information Technology such as ISO 27001; and improved employee
Integrated Library, and POJK No. 4/POJK.05/2021 competency through continuous training in the
on the Application of Risk Management during latest technologies.
the utilization of Information Technology by
Non-Bank Financial Service Institutions, which Several other strategies implemented in 2025
generally applies to the banking sector. include:
• The Open Group Architecture Foundation • Establishing mandatory standards for the
(TOGAF) for the IT Architecture development and Disaster Recovery Plan, ensuring adequate
management process. backup and redundancy systems to guarantee
• ISO 27001, a globally recognized standard for minimal Recovery Time Objective (RTO) and
Information Security Management Systems Recovery Point Objective (RPO).
(ISMS). This standard provides a systematic • Implementing a comprehensive cyber risk
approach to managing the Company’s sensitive management system, including prevention
information to ensure its confidentiality, integrity, policies, proactive detection (24/7 monitoring),
and availability. and rapid incident response (Incident Response
• ISO 20000-1, a standard for IT Service Management Plan), to protect critical information assets.
(ITSM), which provides a framework for • Ensuring all information and digital systems in the
implementation and continuous improvement company operate in accordance with the rules,
processes to maintain the optimization of IT standards, and frameworks set by policymakers
system customer satisfaction and ensure the (e.g., ITIL, COBIT), and while maintaining
achievement of high-quality IT service delivery compliance with industry regulations.
targets. • Enhancing the capabilities of IT human resources
through competency development and the
STRATEGY, FOCUS, AND POLICIES IN 2025 adoption of agile working methods.
In 2025, Adira Finance directed its Information
Technology (IT) strategy, focus, and policies to
support comprehensive digital transformation,
aimed at enhancing business operational efficiency,
customer experience, and data security.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 181
Page 184
IT INNOVATION IN 2025 On the digitization and digital ecosystem
In 2025, Adira Finance consistently continued its development side, the Company continues to
innovations, such as: develop its digital platforms such as the Adiraku
• Implementation of Software-Defined Wide application and other digital services like momobil.
Area Network (SD-WAN), particularly in id and dicicilaja.com. Both are focused on process
branches transitioning during the merger with automation and investments in technology to
Mandla Finance, to align with Adira Finance enhance the customer experience and expand the
standardization. Company’s business reach. Additionally, the Company
• Re-surveillance process for ISO 27001 & ISO is also developing the Danadira application to offer
20000-1 to ensure procedures are executed and cash loans to existing consumers. By the end of 2025,
monitored in accordance with global standards. the Adiraku application had been downloaded 1
• Enhancing the capabilities of the Security million times with 2 million registered users.
Operation Center (SOC) by establishing Security
Controls to map the security capabilities requiring INFORMATION TECHNOLOGY GOVERNANCE
improvement. Adira Finance continues to enhance its Information
• Implementation of Data Leakage Prevention Technology (IT) infrastructure to support the
to minimize the risk of customer data breaches achievement of the Company’s strategic objectives.
and ensure customer data is used for appropriate The main focus includes strengthening cybersecurity
purposes. by protecting systems from malware threats
• Implementation of AI focusing on the Chatbot and ensuring sustainable operational stability.
process to improve services, particularly in Furthermore, the Company implements robust
handling customer service complaints. IT governance through a structured framework
• Enhancing the capabilities of the IT organization for managing security, risk management, and
in security, governance, architecture, and compliance. To support these initiatives, Adira
management functions by strengthening Finance also builds and maintains a competent and
and focusing on IT Security, IT Governance, IT highly competitive IT workforce and team.
Architecture, and IT Office functions. This includes
adding competent IT Security capabilities, The implementation of Information Technology
refining and updating standards, policies, and (IT) Governance is an integral part of corporate
processes within the IT operating model, and governance, including the execution of governance
managing integrated IT architecture. processes related to IT issues covering disruption,
cybersecurity, and disaster recovery. Through the
BUSINESS DEVELOPMENT STRATEGY application of IT Governance, Adira Finance ensures
In 2025, Adira Finance integrated Information all key risks are identified, managed, and reported to
Technology (IT) development into its core the Board of Directors.
business strategy as an effort to strengthen
competitiveness and maximize sustainable growth. Adira Finance uses IT Governance to support
The implementation of this strategy was realized leadership, management processes, organizational
through the development of digitization and an structure, and its ongoing processes, thereby
integrated digital ecosystem, as well as the adoption maintaining its position at the forefront of digital
of a customer-centric approach to enhance service business in the financing industry. For this purpose,
quality and customer experience. Adira Finance continuously strengthens its IT
governance and organizational structure, which
The focus on a customer-centric approach was also consists of:
implemented through the offering of customer • The IT Steering Committee, chaired by the
loyalty programs, such as Adirapoint and various other President Director of Adira Finance, responsible
attractive programs designed to increase satisfaction for setting the strategic direction and strategic IT
and strengthen customer retention. Through these projects.
programs, customers meeting specific criteria have • Implementation of the Change Advisory Board
the opportunity to obtain various exclusive benefits, (CAB) during the deployment process to the
including participation in a pilgrimage Umrah draw Production environment to minimize issues post-
and competitive interest rate offers, as a form of deployment.
appreciation for their loyalty to Adira Finance.
182 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Management
Discussion
and Analysis
• Conducting periodic reviews of existing STRATEGIC PLANS FOR 2026
Performance
procedures, especially those that have been in Adira Finance will continue to innovate as needed Highlights
place for over 5 years and require adjustment in business processes to achieve better growth
to meet the needs of supporting business and by leveraging the implementation of Information
Opening
operations. Technology. In 2026, Adira Finance will continue
• Ensuring audit findings are corrected and various IT strategies and development plans, such as:
monitored to improve processes and minimize • Enhancing rapid system recovery services in Management
Report
recurring audit findings. the event of a disaster by establishing a more
comprehensive and advanced data center.
Adira Finance has added the established standard • Implementing core system modernization & Corporate
Profile
related to the process of building and managing the digitization (Borneo) to enhance enjoyable
Company’s Information Technology (IT) Architecture, experiences for customers.
namely The Open Group Architecture Foundation • Continuing the process of well-managed IT
Corporate
Governance
(TOGAF). Adira Finance has also equipped its IT application documentation.
systems with rapid recovery mechanisms in case • Continuing the process of data-driven business
Environmental
of system disruptions. These disruptions can occur initiatives owned by Adira. and Social
Responsibility
due to natural disasters such as floods and fires or • Continuing the cybersecurity process focused
damage to production systems. Because potential on protection, incident management & response
Supporting
internal and external threats and risks can be quickly automation. Data
identified, Adira Finance can manage risks more • Preparing supporting facilities for activities and
adequately and promptly mitigate the risks faced by communication within the Business Continuity
the Company. Plan (BCP).
• Continuing 24/7 IT Infrastructure and IT
Operations services.
• Continuing the application of AI-based
technology in Telerobotics & Chatbots for
operational efficiency.
• Implementing continuous data leakage
prevention.
Page 186
FINANCIAL REVIEW ANALYSIS
Throughout 2025, Adira Finance MANAGEMENT DISCUSSION
The following financial performance analysis is
continued to strive to maintain
prepared based on the audited Financial Statements
solid performance amid a of PT Adira Dinamika Multi Finance Tbk as of
challenging macroeconomic December 31, 2025, 2024, and 2023. The financial
information as of and for the year ended December
environment. The implementation 31, 2025, was derived from the financial statements
of adaptive and responsive which have been audited by Public Accounting
Firm Liana Ramon Xenia & Rekan (“LRX”), with
business strategies served as a engagement partner Elisabeth Imelda, S.E., M.Ak.,
key factor in sustaining revenue CPA, expressing an unmodified opinion, as stated in
its report dated February 18, 2026. LRX is a member
stability, particularly as the
(as such term is used in Regulation of the Ministry
automotive industry remained of Finance Number 186/PMK.01/2021 and Regulation
under demand pressure. Through of the Financial Services Authority Number 9 of 2023
(the “Relevant Law”)) of Deloitte Southeast Asia
a measured approach and a focus Limited (“DSEAL”). DSEAL is the registered Foreign
on high-quality financing growth, Audit Organisation (“Organisasi Audit Asing” or
“OAA”) to LRX for the purposes of the Relevant Law.
the Company was able to maintain
LRX is a legally separate and independent entity
its competitive position within liable for its own acts and omissions and it cannot
Indonesia’s national financing obligate or bind DSEAL in respect of third parties.
industry.
184 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Management
Discussion
and Analysis
In 2025, the domestic economy once again faced a On the income side, Adira Finance recorded an
Performance
number of challenges, primarily due to purchasing increase to IDR12.1 trillion in 2025, up from IDR11.8 Highlights
power that had not fully recovered. These conditions trillion in 2024. Meanwhile, the Company’s total
were further compounded by persistent global expenses rose to IDR10.1 trillion, from IDR9.5 trillion
Opening
uncertainties, including heightened geopolitical in the prior year. As a result, profit before income
tensions, which influenced economic stability and tax amounted to IDR2.0 trillion, compared to IDR2.3
market dynamics. However, entering the second trillion in the previous year. Management
Report
half of 2025, global pressures gradually eased as
trade war tensions moderated. This development Overall, Adira Finance posted net profit after tax
supported domestic macroeconomic stability and of IDR1.5 trillion in 2025, compared to IDR1.8 trillion Corporate
Profile
provided room for Bank Indonesia to reduce interest achieved in 2024. In line with this performance, the
rates by a total of 125 bps to 4.75% throughout 2025. Company recorded an average return on assets
(ROAA) and an average return on equity (ROAE) of
Corporate
Governance
In line with these economic dynamics, the 5.2% and 10.4%, respectively, in 2025.
performance of Indonesia’s national automotive
Environmental
industry in 2025 had not yet fully recovered. STATEMENT OF FINANCIAL POSITION and Social
Responsibility
Nevertheless, Adira Finance was able to maintain In 2025, Adira Finance’s total assets amounted to
its growth momentum. This achievement was IDR38.5 trillion, remaining relatively stable compared
Supporting
further supported by the Company’s strategic to IDR38.4 trillion in 2024. The Company’s total Data
initiative through the merger with Mandala liabilities were recorded at IDR23.5 trillion, slightly
Finance, which became effective on 1 October declining from IDR23.8 trillion in 2024, representing
2025, with Adira Finance acting as the surviving a decrease of 1.4% (yoy). Meanwhile, total equity
entity and consolidating Mandala Finance’s increased by 3.3% (yoy) to IDR15.0 trillion in 2025,
financial performance into its financial statements. compared to IDR14.5 trillion in 2024.
Throughout 2025, the Company recorded new
financing of IDR43.2 trillion, representing an Asset
increase of 17.8% (yoy) compared to IDR36.6 trillion Adira Finance recorded total assets of IDR38.5 trillion
in 2024. Meanwhile, managed receivables including in 2025, remaining relatively stable compared to
joint financing reached IDR63.4 trillion, rising from IDR38.4 trillion in 2024. This achievement reflects the
IDR62.3 trillion in the previous year, with joint Company’s well maintained financial performance
financing accounting for 41% of the total portfolio. amid market dynamics, as well as its consistent
asset management to support sustainable business
growth.
Over the past three years, the contribution of the Company’s net financing receivables to total assets is
presented in the following chart:
Contribution of the Company’s Financing Receivables – Net to Total Asset
(In IDR Trillion)
38,4 38,5
31,0
1,2 0,7
6,5 5,5 Finance lease receivables – net
5,5
Musyarakah mutanaqisah financing receivables - net
20,7 23,9 25,8 Murabahah financing receivables – net
Consumer financing receivables – net
2023 2024 *)
2025
Remarks:
*) Comparative information has been restated as a result of the merger, in accordance with the Audited Financial Statements.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 185
Page 188
Description Growth (%)
2023 2024*) 2025
(in IDR Billion) 2023-2024*) 2024-2025
Cash and cash equivalents 1,435.5 1,959.2 820.9 36.5% (58.1%)
Consumer financing receivables – net of 20,680.6 23,921.6 25,753.6 15.7% 7.7%
allowance for impairment losses
Murabahah financing receivables – net of 5,520.1 6,518.7 5,535.4 18.1% (15.1%)
allowance for impairment losses
Musyarakah mutanaqisah financing receivables - 1,151.4 743.5 100.0% (35.4%)
– net of allowance for impairment losses
Finance lease receivables – net of allowance for 1,444.3 2,235.4 3,111.8 54.8% 39.2%
impairment losses
Other assets 1,926.7 2,586.6 2,564.0 34.2% (0.9%)
Total assets 31,007.2 38,372.9 38,529.2 23.8% 0.4%
Remarks:
*) Comparative information has been restated as a result of the merger, in accordance with the Audited Financial Statements.
Cash on Hand and In Banks
As of the end of 2025, Adira Finance’s cash and cash equivalents amounted to IDR820.9 billion, representing a
decline compared to IDR2.0 trillion in 2024. Of the total cash and cash equivalents, the Company held IDR111.6
billion with PT Bank Central Asia Tbk, IDR29.9 billion with Bank Pan Indonesia, and various other national
banks. Meanwhile, cash balances held with PT Bank Danamon Indonesia Tbk as a related party amounted to
IDR537.1 billion, decreasing from IDR928.2 billion at the end of 2024.
Consumer Financing Receivables
The joint financing done by Adira Finance and Bank Danamon, as the parent entity, continues to serve as
one of the key pillars of the Company’s funding strategy. In 2025, the joint financing portion represented
approximately 41.9% of total consumer financing receivables.
Based on the agreement between Adira Finance and Bank Danamon regarding the joint financing scheme,
the portion of receivables financed by Bank Danamon is set at a maximum at 99% of the balance to be financed
and the portion of receivables financed by the Company is minimum at 1% of the balance to be financed.
The managed consumer financing receivables as of December 31, 2023, 2024, and 2025 are as follows:
Description Growth (%)
2023 2024*) 2025
(in IDR Billion) 2023-2024*) 2024-2025
Managed Receivables
Self financing 21,951.2 25,380.5 27,142.9 15.6% 6.9%
Joint financing 19,924.2 20,174.6 19,560.7 1.3% (3.0%)
Total 41,875.4 45,555.1 46,703.6 8.8% 2.5%
Composition
Self financing 52.4% 55.7% 58.1%
Joint financing 47.6% 44.3% 41.9%
Consumer Financing Receivables in the Statement of Financial Position
Receivables before allowance for impairment 21,951.2 25,380.5 27,142.9 15.6% 6.9%
losses
Less: allowance for impairment losses (1,270.6) (1,458.9) (1,389.3) 14.8% (4.8%)
Consumer financing receivables - net 20,680.6 23,921.6 25,753.6 15.7% 7.7%
Remarks:
*) Comparative information has been restated as a result of the merger, in accordance with the Audited Financial Statements.
186 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 189
Management
Discussion
and Analysis
As of the end of 2025, Adira Finance’s net consumer financing receivables amounted to IDR 25.8 trillion, increasing
Performance
by 7.7% (yoy) compared to IDR23.9 trillion at the end of 2024. This growth was in line with the Company’s Highlights
financing disbursement performance, which remained well maintained amid an automotive industry that
had not yet fully recovered. To support sustainable growth, the Company expanded its financing portfolio
Opening
to the non-automotive sector, multipurpose financing (Solusi Dana), as part of its diversification strategy. In
addition, the Company strengthened collaboration within the Group to expand its customer base, continued to
enhance customer retention through improved offerings and process improvements, and pursued initiatives Management
Report
to optimize its cost structure and remain competitive through ongoing digitalization efforts.
The Company’s average consumer financing contract tenor in 2025 was 50 months for car financing, 29 months Corporate
Profile
for motorcycle financing, 12 months for durable goods financing, and 23 months for other financing products.
The weighted average effective interest rate per annum for consumer financing is as follows:
Corporate
Governance
Description 2023 2024*) 2025
Cars 17.1% 16.7% 17.8% Environmental
and Social
Responsibility
Motorcycles 34.2% 33.3% 33.2%
Durable goods 61.5% 63.3% 58.4%
Supporting
Data
Other 32.2% 32.8% 33.3%
Remarks:
*) Comparative information has been restated as a result of the merger, in accordance with the Audited Financial Statements.
Murabahah Financing Receivables
Murabahah financing receivables is a sell-buy goods contract with selling price amounting to acquisition cost
plus agreed margin, and the Company must disclose the acquisition cost to consumer. Murabahah financing
receivables are recognized at acquisition plus agreed margin. The margin itself is recognized over the year of
the contract based on margin of murabahah financing receivables.
As of the end of 2025, Adira Finance operated 123 sharia branches and 74 sharia satellite outlets out of its
total 877 business networks across Indonesia, representing an increase compared to the previous year. The
Company also provides joint financing for murabahah financing receivables together with Bank Danamon,
which accounted for 53.1% of total murabahah financing receivables.
Based on the wakalah agreement between Adira Finance and Bank Danamon, both parties agreed to provide
joint financing facilities to customers. In this case, the financing portion of Bank Danamon is set at a maximum
of 99% of the financing value, while the remainder is financed by the Company.
As of December 31, 2025, Adira Finance’s net murabahah financing receivables amounted to IDR5.5 trillion,
declining compared to IDR6.5 trillion as of December 31, 2024. Nevertheless, the Company continues to
undertake ongoing efforts to increase consumer awareness of its sharia products. Going forward, Adira Finance
will continue its strategy to further promote its sharia-based products to customers.
Description Growth (%)
2023 2024*) 2025
(in IDR Billion) 2023-2024*) 2024-2025
Managed Receivables
Self financing 5,812.2 6,921.8 5,931.0 19.1% (14.3%)
Joint financing 6,534.1 6,266.1 6,716.4 (4.1%) 7.2%
Total 12,346.3 13,187.9 12,647.4 6.8% (4.1%)
Composition
Self financing 47.1% 52.5% 46.9%
Joint financing 52.9% 47.5% 53.1%
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 187
Page 190
Description Growth (%)
2023 2024*) 2025
(in IDR Billion) 2023-2024*) 2024-2025
Murabahah Financing Receivables in the Financial Position Report
Receivables before allowance for impairment 5,812.2 6,921.8 5,931.0 19.1% (14.3%)
losses
Less: allowance for impairment losses (292.1) (403.1) (395.6) 38.0% (1.9%)
Murabahah financing receivables - net 5,520.1 6,518.7 5,535.4 18.1% (15.1%)
Remarks:
*) Comparative information has been restated as a result of the merger, in accordance with the Audited Financial Statements.
The Company’s average murabahah financing contract tenor in 2025 was 50 months for car financing, 30
months for motorcycle financing, 13 months for durable goods financing, and 38 months for other financing
products. The weighted average effective margin per annum for murabahah financing is as follows:
Description 2023 2024*) 2025
Cars 17.4% 17.1% 17.0%
Motorcycles 33.6% 32.6% 32.4%
Durable goods 61.9% 57.0% 52.5%
Other 28.1% 22.3% 19.3%
Remarks:
*) Comparative information has been restated as a result of the merger, in accordance with the Audited Financial Statements.
Musyarakah Mutanaqisah Financing Receivables
Musyarakah mutanaqisah financing receivables represent a partnership contract among fund’s owners
(musyarakah partners) to contribute funds and conduct a business on a joint basis through partnership
whereby the ownership interest of the passive partners gradually decreases, so the active partner will become
the full owner of the business at the end of the contract term. As of the end of 2025, Adira Finance recorded
musyarakah mutanaqisah financing receivables amounting to IDR743.5 billion, declining compared to IDR1.2
trillion in 2024. Musyarakah mutanaqisah financing receivables arise from contracts with multipurpose
financing as the underlying object, forming part of the Company’s sharia financing portfolio.
Musyarakah Mutanaqisah Financing Receivables – Net
(in IDR billion)
2025
743.5
2024
1,151.4
2023
-
188 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 191
Management
Discussion
and Analysis
As of the end of 2025, the average contract tenor of musyarakah mutanaqisah financing receivables was 16
Performance
months. Meanwhile, the weighted average effective profit distribution per annum for musyarakah mutanaqisah Highlights
financing receivables in 2024 and 2025 was 40.5% and 41.1%, respectively.
Opening
Finance Lease Receivables
In providing finance lease receivables, the Company consistently transfers substantially all risks and rewards
incidental to ownership of the leased assets to the finance lessee. The Company’s lease financing includes Management
Report
finance lease receivables – conventional and Ijarah Muntahiyah Bittamlik (“IMBT”).
As of the end of 2025, Adira Finance recorded finance lease receivables amounting to IDR3.1 trillion, increasing Corporate
Profile
by 39.2% (yoy) compared to IDR2.2 trillion at the end of 2024. Of the total, conventional finance lease receivables
amounted to IDR1.7 trillion, while sharia finance lease receivables reached IDR1.4 trillion. The growth in 2025
remained in line with the Company’s initiatives to encourage the expansion of its finance lease business.
Corporate
Governance
Environmental
Finance Lease Receivables – Net and Social
Responsibility
(in IDR billion)
Supporting
Data
2025
3,111.8
2024
2,235.4
2023
1,444.3
As of the end of 2025, the Company’s average finance lease receivables contract tenor for cars, motorcycles,
and other financing products was 35 months, 26 months, and 21 months, respectively. The weighted average
effective interest rate per annum for conventional finance lease receivables in 2023, 2024, and 2025 is as follows:
Description 2023 2024*) 2025
Cars 11.3% 10.5% 11.1%
Motorcycles 25.6% 26.4% 30.4%
Other 14.1% 13.7% 12.3%
Remarks:
*) Comparative information has been restated as a result of the merger, in accordance with the Audited Financial Statements.
Managed Receivables
Adira Finance manages all financing receivables, whether those that are financed solely by the Company
or through the joint financing scheme. Adira Finance undertakes collectively all of the financing processes
from acquisition to collection and including the management of credit risks on the consumer financing
receivables, murabahah financing receivables, musyarakah mutanaqisah financing receivables, and finance
lease receivables, on the grounds that all of those financing receivables have similar credit risk characteristics.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 189
Page 192
Other Assets
As of the end of 2025, Adira Finance recorded other assets amounting to IDR2.6 trillion, remaining relatively
stable compared to 2024. Among the main components of other assets, intangible assets – net of accumulated
amortization declined by 3.2% to IDR334.4 billion in 2025 from IDR345.3 billion in 2024. Meanwhile, fixed assets
– net of accumulated depreciation remained relatively stable at IDR461.2 billion, reflecting the Company’s
consistent management of its operational assets.
In addition, investments in shares in related parties increased by 6.0% to IDR420.7 billion in 2025, compared to
IDR396.9 billion in the previous year. Other receivables – net also rose by 22.2% to IDR237.1 billion. On the other
hand, right of use assets decreased by 15.7% to IDR248.4 billion, in line with adjustments to lease contracts and
the amortization of right of use assets during the period.
Description Growth (%)
2023 2024*) 2025
(in IDR Billion) 2023-2024*) 2024-2025
Prepaid expenses 143.0 222.5 220.2 55.5% (1.0%)
Other receivables – net 341.0 194.1 237.1 (43.1%) 22.2%
Derivative assets 1.0 71.1 60.4 6,964.5% (15.0%)
Prepaid tax 64.4 73.8 70.9 14.6% (4.0%)
Investments in shares 386.4 396.9 420.7 2.7% 6.0%
Fixed assets – net of accumulated depreciation 229.7 463.9 461.2 102.0% (0.6%)
Right of use assets 262.5 294.7 248.4 12.3% (15.7%)
Intangible assets – net of accumulated 120.7 345.3 334.4 186.2% (3.2%)
amortization
Deferred tax assets 355.0 479.1 462.0 35.0% (3.6%)
Other assets 23.0 45.2 48.7 96.0% 7.9%
Total other assets 1,926.7 2,586.6 2,564.0 34.2% (0.9%)
Remarks:
*) Comparative information has been restated as a result of the merger, in accordance with the Audited Financial Statements.
Liability
As of the end of 2025, Adira Finance’s total liabilities amounted to IDR23.5 trillion, slightly decreasing by 1.4%
(yoy) compared to IDR23.8 trillion in 2024. This decline was primarily attributable to a reduction in borrowings,
in line with the Company’s strategy to optimize its funding structure.
Borrowings decreased by 21.8% (yoy), from IDR12.6 trillion in 2024 to IDR9.9 trillion in 2025. In contrast, bonds
payable – net increased by 34.8% (yoy), from IDR6.4 trillion in 2024 to IDR8.6 trillion in 2025. Meanwhile,
mudharabah bonds – net amounted to IDR1.6 trillion in 2025, rising by 33.8% (yoy) compared to IDR1.2 trillion
in 2024.
Beyond funding related items, other liabilities amounted to IDR3.4 trillion at the end of 2025, slightly declining
by 5.7% (yoy) from IDR3.6 trillion in 2024. This change was mainly driven by shifts in other payables, employee
benefit liabilities, and accrued expenses, in line with the Company’s efforts to optimize operational activities
and enhance cost management discipline.
Description Growth (%)
2023 2024*) 2025
(in IDR Billion) 2023-2024*) 2024-2025
Borrowings 9,313.0 12,638.2 9,885.0 35.7% (21.8%)
Bonds payable - net 5,885.1 6,377.8 8,596.0 8.4% 34.8%
Mudharabah bonds 859.0 1,228.3 1,643.9 43.0% 33.8%
Other liabilities 3,837.9 3,579.6 3,373.9 (6.7%) (5.7%)
Total liabilities 19,895.0 23,823.9 23,498.8 19.7% (1.4%)
Remarks:
*) Comparative information has been restated as a result of the merger, in accordance with the Audited Financial Statements.
190 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 193
Management
Discussion
and Analysis
Borrowing
Performance
Adira Finance secures its borrowing from various sources, both onshore and offshore banks. Leveraging its Highlights
strong track record and reputation as a leading financing company in Indonesia, Adira Finance benefits from
the support of its controlling shareholder, Bank Danamon, and MUFG Bank, Ltd. In addtion, to mitigate the
Opening
risks of cash flow volatility due to exchange rate fluctuations and interest rates, the Company has implemented
a hedging policy on all of its foreign currency denominated borrowings both in principal and interest rate.
Management
Report
As of the end of 2025, Adira Finance’s total borrowings decreased by 21.8% (yoy) to IDR9.9 trillion from IDR12.6
trillion in the previous year. These borrowings remained predominantly sourced from domestic banks, while
IDR3.7 trillion of borrowings were obtained from overseas banks. Meanwhile, borrowings from domestic banks Corporate
Profile
declined by 14.5% (yoy), from IDR7.3 trillion to IDR6.2 trillion.
Information on the detailed balance of Adira Finance’s borrowings as of December 31, 2023, 2024, and 2025 is
Corporate
Governance
as follows:
Environmental
and Social
Description Growth (%) Responsibility
2023 2024*) 2025
(in IDR Billion) 2023-2024*) 2024-2025
Rupiah Supporting
Data
PT Bank Danamon Indonesia Tbk 992.1 265.3 635.6 (73.3%) 139.6%
MUFG Bank, Ltd. (Jakarta) 1,154.2 433.3 627.2 (62.5%) 44.7%
PT Bank Central Asia Tbk 1,064.7 1,171.0 1,326.1 10.0% 13.2%
PT Bank Mandiri (Persero) Tbk 1,727.3 1,620.5 915.8 (6.2%) (43.5%)
PT Bank Pan Indonesia Tbk 1,931.5 1,042.2 704.5 (46.0%) (32.4%)
PT Bank BCA Syariah 233.3 241.3 329.2 3.4% 36.4%
PT Bank UOB Indonesia 75.0 250.0 175.0 233.3% (30.0%)
PT Bank Maybank Indonesia Tbk 1,551.6 527.5 127.8 (66.0%) (75.8%)
PT Bank Muamalat Indonesia Tbk 75.0 2.5 41.7 (96.7%) 1,566.6%
PT Bank Pembangunan Daerah Jawa Barat dan 181.6 120.0 – (33.9%) (100.0%)
Banten Tbk
PT Bank DBS Indonesia 91.5 108.2 25.0 18.4% (76.9%)
Citibank, N.A., Indonesia – 450.0 350.0 100.0% (22.2%)
PT Bank Negara Indonesia Tbk – 528.5 70.8 100.0% (86.6%)
PT Bank DKI – 155.6 38.9 100.0% (75.0%)
PT Bank Rakyat Indonesia Tbk – – 449.7 – 100.0%
PT Bank Maspion Indonesia Tbk – 201.7 – 100.0% (100.0%)
PT Bank Resona Perdania – 99.7 – 100.0% (100.0%)
PT Bank OCBC NISP Tbk – 16.6 – 100.0% (100.0%)
PT Bank Permata Tbk (include syndication) – 16.6 – 100.0% (100.0%)
PT Bank Oke Indonesia Tbk – 1.5 – 100.0% (100.0%)
US Dollar
MUFG Bank, Ltd. (Hong Kong) – Syndication – 4,104.2 2,584.6 100.0% (37.0%)
MUFG Bank, Ltd. (Singapura) – – 500.2 – 100.0%
PT Bank Danamon Indonesia Tbk (baru 2025) – – 380.8 – –
The Islamic Corporation for the Development of – 218.7 – 100.0% (100.0%)
the Private Sector (ICD)
Japanese Yen
MUFG Bank, Ltd. (Singapura) 235.2 1,063.3 602.1 352.1% (43.4%)
Total Borrowings Received 9,313.0 12,638.2 9,885.0 35.7% (21.8%)
Remarks:
*) Comparative information has been restated as a result of the merger, in accordance with the Audited Financial Statements.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 191
Page 194
Based on currency denomination, in 2025, 58.8% of Adira Finance’s total borrowings were denominated
in Rupiah, while 41.2% were denominated in foreign currencies, namely US Dollars and Japanese Yen. This
compares to 2024, when 57.4% of total borrowings were denominated in Rupiah, while 42.6% were foreign
currency borrowings.
(In IDR Trillion)
12.6
9.9
9.3
5.4
0.2
4.1
9.1
7.2
5.8
Offshore borrowings
Onshore borrowings
2023 2024 *)
2025
Remarks:
*) Comparative information has been restated as a result of the merger, in accordance with the Audited Financial Statements.
Bonds Payable – Net and Mudharabah Bonds
Adira Finance diversifies its funding sources through the capital market by issuing bonds and mudharabah
bonds. In 2025, the Company recorded bonds payable – net amounted to IDR8.6 trillion and mudharabah bonds
amounted to IDR1.6 trillion. These funding instruments increased by 34.8% (yoy) and 33.8% (yoy), respectively.
Overall, total bonds payable – net and mudharabah bonds in 2025 reached IDR10.2 trillion, representing an
increase of 34.6% (yoy) compared to 2024.
Description Growth (%)
2023 2024*) 2025
(in IDR Billion) 2023-2024*) 2024-2025
Continuing Bonds IV Phase IV 328.0 – – (100.0%) –
Continuing Bonds IV Phase V 607.7 – – (100.0%) –
Continuing Bonds IV Phase VI 190.0 – – (100.0%) –
Continuing Bonds V Phase II 741.0 – – (100.0%) –
Continuing Bonds V Phase III 1,080.0 1,080.0 250.0 0.0% (76.9%)
Continuing Bonds VI Phase I 1,700.0 1,295.0 1,295.0 (23.8%) 0.0%
Continuing Bonds VI Phase II 1,250.0 415.6 415.6 (66.8%) 0.0%
Continuing Bonds VI Phase III – 1,600.0 520.8 – (67.5%)
Continuing Bonds VI Phase IV – 2,000.0 1,215.0 – (39.3%)
Continuing Bonds VI Phase V – – 2,067.0 – –
Continuing Bonds VII Phase I – – 1,200.0 – –
Continuing Bonds VII Phase II – – 1,650.0 – –
Unamortized bond issuance costs (11.6) (12.8) (17.4) 9.8% 35.9%
Total Bonds Payable – Net 5,885.1 6,377.8 8,596.0 8.4% 34.8%
Mudharabah Bonds I Phase II – 196.5 – 100.0% (100.0%)
Mudharabah Bonds I Phase III – 200.0 200.0 100.0% 0.0%
Mudharabah Bonds III Phase III 32.0 – – (100.0%) –
192 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 195
Management
Discussion
and Analysis
Description Growth (%)
2023 2024*) 2025 Performance
(in IDR Billion) 2023-2024*) 2024-2025
Highlights
Mudharabah Bonds III Phase IV 14.0 – – (100.0%) –
Opening
Mudharabah Bonds IV Phase II 66.0 – – (100.0%) –
Mudharabah Bonds IV Phase III 147.0 147.0 98.0 0.0% (33.3%)
Management
Mudharabah Bonds V Phase I 300.0 236.0 236.0 (21.3%) 0.0% Report
Mudharabah Bonds V Phase II 300.0 48.8 48.8 (83.7%) 0.0%
Mudharabah Bonds V Phase III – 400.0 61.1 – (84.7%) Corporate
Profile
Mudharabah Bonds VI Phase I – – 300.0 – 100.0%
Mudharabah Bonds VI Phase II – – 700.0 – 100.0% Corporate
Governance
Total Mudharabah Bonds 859.0 1,228.3 1,643.9 43.0% 33.8%
Total Bonds Payable – Net and Mudharabah 6,744.1 7,606.1 10,239.9 12.8% 34.6%
Bonds Environmental
and Social
Responsibility
Remarks:
*) Comparative information has been restated as a result of the merger, in accordance with the Audited Financial Statements.
Supporting
Data
Adira Finance regularly issues bonds each year as part of the Company’s efforts to diversify its funding sources.
Throughout 2025, Adira Finance successfully issued Continuing Bonds VI Phase V on February 2025 with a
total issuance value of IDR2.1 trillion. This was followed by the issuance of Continuing Bonds VII Phase I and
Continuing Mudharabah Bonds VI Phase I on July 2025 amounting to IDR1.5 trillion, and subsequently the
Continuing Bonds VII Phase II and Continuing Mudharabah Bonds VI Phase II in October 2025 with a total
value of IDR2.4 trillion. All these issuances were met with strong positive market responses, as reflected in
oversubscription levels of 2.3 times, 3.7 times, and 6.7 times, respectively. This robust demand underscores the
high level of investor confidence and the strong credibility of Adira Finance in the capital market.
Other Liabilities
As of the end of 2025, Adira Finance’s other liabilities amounted to IDR3.4 trillion, declining by 5.7% (yoy)
compared to IDR3.6 trillion at the end of 2024. Of the total other liabilities, other payables represented the
largest component at 39.3%, followed by employee benefit liabilities at 29.0%, and accrued expenses at 22.4%.
Description Growth (%)
2023 2024*) 2025
(in IDR Billion) 2023-2024*) 2024-2025
Accrued expenses 927.9 684.1 755.6 (26.3%) 10.5%
Lease liabilities 148.0 138.0 109.7 (6.8%) (20.5%)
Other liabilities 1,599.0 1,404.7 1,327.3 (12.2%) (5.5%)
Tax payables 180.8 245.1 184.1 35.6% (24.9%)
Derivative liabilities - net - 75.4 17.7 100.0% (76.5%)
Employment benefit liabilities 982.2 1,032.3 979.5 5.1% (5.1%)
Total other liabilities 3,837.9 3,579.6 3,373.9 (6.7%) (5.7%)
Remarks:
*) Comparative information has been restated as a result of the merger, in accordance with the Audited Financial Statements.
Equity
At the end of 2025, Adira Finance’s total equity amounted to IDR15.0 trillion, increasing from IDR14.5 trillion at
the end of 2024. The rise in equity was primarily driven by the growth in retained earnings, which increased
by 6.3% (yoy) in aggregate to IDR12.2 trillion in 2025, compared to IDR11.5 trillion in the previous year. In
addition, in 2025 the Company recorded an increase in additional paid in capital to IDR2.8 trillion, in line with
the strengthening of its capital structure following the corporate action undertaken. On the other hand, the
Company also recorded treasury shares amounting to IDR88.7 billion.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 193
Page 196
This strong capital structure reflects Adira Finance’s solid financial position and provides sufficient capacity for
the Company to support sustainable financing expansion going forward.
Description Growth (%)
2023 2024*) 2025
(in IDR Billion) 2023-2024*) 2024-2025
Issued and fully paid-up capital 100.0 100.0 123.6 0.0% 23.6%
Treasury shares – – (88.7) – (100.0%)
Additional paid-in capital 6.8 6.8 2,847.9 0.0% 42,091.7%
Merging entity equity – 2,993.2 – 100.0% (100.0%)
Retained earnings
- Appropriated 223.1 242.6 256.6 8.7% 5.8%
- Unappropriated 10,783.0 11,208.2 11,913.4 3.9% 6.3%
Changes in fair value on investment in equity – 9.6 29.8 100.0% 210.4%
instrument measured at fair value through
other comprehensive income
Cumulative losses on derivative instrument for (0.7) (11.4) (52.2) 1,420.1% 359.3%
cash flows hedges - net
Equity 11,112.2 14,549.0 15,030.4 30.9% 3.3%
Remarks:
*) Comparative information has been restated as a result of the merger, in accordance with the Audited Financial Statements.
PROFIT AND LOSS STATEMENTS
In line with the growth in assets and business activities, Adira Finance recorded a 2.9% (yoy) increase in total
revenue to IDR12.1 trillion in 2025, compared with IDR11.8 trillion in the previous year. This increase was supported
by higher income and lower interest expenses, which contributed to the improvement in net interest margin.
Meanwhile, impairment losses remained relatively stable throughout 2025. However, amid the integration
phase, net profit for the year declined by 14.7% (yoy), from IDR1.8 trillion in 2024 to IDR1.5 trillion in 2025. The
decline was primarily attributable to transition investments and organizational consolidation.
In detail, the Company’s statement of profit or loss and other comprehensive income for the period 2023, 2024,
and 2025 is as follows:
Description Growth (%)
2023 2024*) 2025
(in IDR Billion) 2023-2024*) 2024-2025
Total income 9,507.9 11,787.9 12,129.0 24.0% 2.9%
Total expenses (7,035.3) (9,501.5) (10,140.2) 35.1% 6.7%
Net income before income tax expense 2,472.6 2,286.4 1,988.8 (7.5%) (13.0%)
Income tax expense (528.6) (475.6) (443.9) (10.0%) (6.7%)
Net income for the year 1,944.0 1,810.8 1,544.9 (6.9%) (14.7%)
Other comprehensive income net of tax (61.2) (8.8) 12.7 (85.7%) (244.3%)
Total comprehensive income for the year 1,882.8 1,802.0 1,557.6 (4.3%) (13.6%)
Remarks:
*) Comparative information has been restated as a result of the merger, in accordance with the Audited Financial Statements.
Total Income
Adira Finance’s total income consists of consumer financing income, murabahah margin income, musyarakah
mutanaqisah profit distribution income, finance lease income, and other income. In 2025, the Company’s total
income increased from IDR11.8 trillion to IDR12.1 trillion, representing a growth of 2.9% (yoy).
194 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Management
Discussion
and Analysis
The breakdown of the Company’s total income for the period 2023–2025 is as follows:
Performance
Highlights
Description Growth (%)
2023 2024*) 2025
(in IDR Billion) 2023-2024*) 2024-2025 Opening
Consumer financing 6,041.7 7,155.5 7,557.0 18.4% 5.6%
Murabahah margin 1,482.9 1,938.9 1,710.2 30.8% (11.8%) Management
Report
Musyarakah mutanaqisah profit distribution - 350.1 394.3 100.0% 12.6%
Finance lease 147.9 266.5 421.5 80.2% 58.2% Corporate
Profile
Others 1,835.4 2,076.9 2,046.0 13.2% (1.5%)
Total income 9,507.9 11,787.9 12,129.0 24.0% 2.9%
Corporate
Governance
Remarks:
*) Comparative information has been restated as a result of the merger, in accordance with the Audited Financial Statements.
Environmental
and Social
Responsibility
Consumer Financing Income Finance Lease Income
Consumer financing income, which accounted for Adira Finance’s finance lease income increased
Supporting
62.3% of total income, recorded growth of 5.6% (yoy) by 58.2% (yoy), from IDR266.5 billion in 2024 to Data
reaching to IDR7.6 trillion in 2025, compared to IDR7.2 IDR421.5 billion in 2025. This increase was in line
trillion in 2024. This increase was in line with the with the growth in the Company’s net finance lease
growth in Adira Finance’s net consumer financing receivables, which rose by 39.2% (yoy). Accordingly,
receivables, driven by continued selective financing the contribution of finance lease income to total
expansion and strengthened portfolio quality amid income also increased from 2.3% to 3.5%.
the still-challenging automotive market conditions
throughout 2025. Other Income
Other income slightly declined by 1.5% (yoy), from
Murabahah Margin Income approximately IDR2.1 trillion in 2024 to IDR2.0 trillion in
As of the end of 2025, murabahah margin income 2025. This income mainly consisted of administration
was recorded at IDR1.7 trillion, declining by 11.8% fees, late payment penalties, recoveries of written off
(yoy) compared to IDR1.9 trillion in the previous receivables, income from early settlement before the
year. Murabahah margin income accounted for financing term ends, interest income from current
14.1% of total income in 2025, slightly lower than its accounts, insurance commissions, and other income.
contribution in 2024. The stable contribution of other income reflects the
Company’s ability to consistently maintain its fee-
Musyarakah Mutanaqisah Profit Distribution based income sources amid ongoing economic and
In 2025, musyarakah mutanaqisah profit distribution industry challenges.
income was recorded at IDR394.3 billion, increasing
by 12.6% (yoy) compared to IDR350.1 billion in 2024. Total Expenses
This growth was in line with the Company’s strategy Total expenses increased by 6.7% (yoy) in 2025,
to further expand the diversification of its sharia reaching IDR10.1 trillion, compared to IDR9.5 trillion
financing portfolio, particularly within the non- in 2024. This increase was mainly driven by higher
automotive segment, as part of its efforts to support salaries and employee benefits expenses, as well as
sustainable business growth. general and administrative expenses, in line with
the strengthening of the Company’s operational
activities and service capacity throughout 2025.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 195
Page 198
The following table details the Company’s total expenses for the period 2023, 2024, and 2025:
TOTAL EXPENSES
Description Growth (%)
2023 2024*) 2025
(in IDR Billion) 2023-2024*) 2024-2025
Salaries and benefit 2,419.7 2,908.0 3,338.4 20.2% 14.8%
General and administrative 1,338.9 1,773.9 1,976.9 32.5% 11.4%
Interest expense, financing charges and 1,012.2 1,515.2 1,450.8 49.7% (4.2%)
revenue sharing for mudharabah bonds
Allowance for impairment losses 1,647.7 2,615.8 2,648.3 58.8% 1.2%
Marketing and others 616.8 688.6 725.8 11.6% 5.4%
Total expenses 7,035.3 9,501.5 10,140.2 35.1% 6.7%
Remarks:
*) Comparative information has been restated as a result of the merger, in accordance with the Audited Financial Statements.
Operating Expenses
In 2025, Adira Finance recorded total operating expenses of IDR5.3 trillion, consisting of salaries and employee
benefits expenses as well as general and administrative expenses. This amount increased by 13.5% (yoy)
compared to IDR4.7 trillion in 2024. The rise in operating expenses was mainly driven by higher general and
administrative expenses, which reached IDR2.0 trillion, growing by 11.4% (yoy) from IDR1.8 trillion in the previous
year.
In addition, salaries and employee benefits expenses also increased to IDR3.3 trillion, rising by 14.8% (yoy) from
IDR2.9 trillion in 2024. This was in line with the Company’s operational needs to support business growth.
Salaries and Benefits Expenses
Throughout 2025, Adira Finance recorded an increase in salaries and employee benefits expenses of 14.8%
(yoy), reaching IDR3.3 trillion, up from IDR2.9 trillion in 2024. The Company remains committed to maintaining
a balance between human capital development and cost discipline, in order to support the sustainability of its
financial performance and the achievement of its long-term growth strategy amid dynamic market challenges.
The following table presents the Company’s salaries and employee benefits expenses for the period 2023, 2024,
and 2025:
SALARIES AND BENEFITS EXPENSES
Description Growth (%)
2023 2024*) 2025
(in IDR Billion) 2023-2024*) 2024-2025
Salaries and allowance 2,276.7 2,682.4 2,927.2 17.8% 9.1%
Post-employment benefits 62.8 181.2 367.4 188.4% 102.7%
Training and education 80.2 44.4 43.8 (44.6%) (1.3%)
Total 2,419.7 2,908.0 3,338.4 20.2% 14.8%
Remarks:
*) Comparative information has been restated as a result of the merger, in accordance with the Audited Financial Statements.
General and Administrative Expenses
General and administrative expenses consist of office expenses, rental expenses, transportation expenses,
installment collection service fees, repairs and maintenance, depreciation of fixed assets and right of use
assets, amortization of intangible assets, insurance expenses for fixed assets, and other expenses. In 2025,
total general and administrative expenses increased by 11.4% (yoy), reaching IDR2.0 trillion, compared to IDR1.8
trillion in 2024. This increase was in line with the Company’s efforts to support business expansion and broader
operational development.
196 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Management
Discussion
and Analysis
Among these components, office expenses, rental expenses, and other expenses were the three largest
Performance
cost items, contributing approximately 43.6%, 13.0%, and 12.1% of total general and administrative expenses, Highlights
respectively.
Opening
GENERAL AND ADMINISTRATIVE EXPENSES
Growth (%)
Description
2023 2024*) 2025 Management
(in IDR Billion) Report
2023-2024*) 2024-2025
Office expenses 580.0 810.7 862.8 39.8% 6.4%
Rental expenses 167.3 235.6 257.0 40.8% 9.1% Corporate
Profile
Depreciation of right-of-use assets 99.9 119.7 124.8 19.8% 4.3%
Repairs and maintenance 99.5 129.2 133.2 29.8% 3.1%
Corporate
Installment collection fees 64.0 77.7 83.4 21.3% 7.4% Governance
Intangible assets amortisation 50.5 65.0 92.6 28.7% 42.5%
Depreciation of fixed assets 48.7 70.8 73.7 45.4% 4.1% Environmental
and Social
Transportation 71.2 103.0 108.2 44.6% 5.0% Responsibility
Fixed assets and other insurance 2.2 3.2 2.3 44.2% (28.1%)
Other 155.6 159.0 238.9 2.2% 50.2% Supporting
Data
Total 1,338.9 1,773.9 1,976.9 32.5% 11.4%
Remarks:
*) Comparative information has been restated as a result of the merger, in accordance with the Audited Financial Statements.
Interest Expenses, Financing Charges and Revenue Sharing for Mudharabah Bonds
Adira Finance’s funding cost consist of interest expenses on borrowings, bonds payable, and lease liabilities,
loan provision fees, amortization of bond and mudharabah bond issuance costs, as well as revenue sharing
on mudharabah borrowings and mudharabah bonds. Borrowings, bonds, and mudharabah bonds represent
the Company’s main external funding sources outside the joint financing scheme. Under joint financing
arrangements, funding expenses are recorded on a net basis against financing interest income. Conversely,
when financing receivables are booked through self-financing, the related costs are recognized as interest
expense, financing charges, and revenue sharing for mudharabah bonds.
In 2025, the Company recorded a decrease of 4.2% (yoy) in total interest and finance expenses as well as revenue
sharing for mudharabah bonds to IDR1.4 trillion, compared to IDR1.5 trillion in 2024. This decline was mainly
attributable to a 15.6% (yoy) reduction in interest on borrowings, which fell to IDR820.4 billion. Meanwhile,
interest expenses on bonds payable increased by 22.5% (yoy) to IDR507.2 billion. Profit-sharing expenses on
mudharabah borrowings also rose by 42.0% (yoy) to IDR31.1 billion.
Information on interest and finance expenses as well as revenue sharing for mudharabah bonds for the period
2023, 2024, and 2025 is as follows:
INTEREST EXPENSES, AND FINANCING CHARGES
Description Growth (%)
2023 2024*) 2025
(in IDR Billion) 2023-2024*) 2024-2025
Interest on bonds payable 339.5 413.9 507.2 21.9% 22.5%
Interest on borrowings 613.6 971.6 820.4 58.3% (15.6%)
Revenue sharing for mudharabah loans 15.5 21.9 31.1 41.6% 42.0%
Interest on lease liabilities 12.6 11.4 10 (9.3%) (12.2%)
Amortisation of mudharabah bonds issuance 0.8 3.4 2.6 323.8% (22.6%)
cost
Provision and administration expenses on 0.2 0.2 0.4 (18.8%) 81.3%
mudharabah loan
Revenue sharing for mudharabah bonds 30.0 92.8 79.1 209.4% (14.7%)
Total 1,012.2 1,515.2 1,450.8 49.7% (4.2%)
Remarks:
*) Comparative information has been restated as a result of the merger, in accordance with the Audited Financial Statements.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 197
Page 200
Provision for Impairment Losses Expense OTHER COMPREHENSIVE INCOME AND TOTAL
Adira Finance regularly reviews the allowance for COMPREHENSIVE INCOME FOR THE YEAR
impairment losses on its financing receivables to The Company performs actuarial calculations for
ensure that provisioning remains adequate and its post-employment benefit program, whereby
aligned with the quality of its financing portfolio. actuarial gains and losses arising from experience
In 2025, the Company recorded impairment loss adjustments and changes in actuarial assumptions
expenses of IDR2.6 trillion, slightly increase by 1.2% are recognized in other comprehensive income
(yoy) compared to 2024. Management believes as items that will not be reclassified to profit or
that the level of provisioning established in 2025 loss. Changes in the fair value of investments in
was sufficient to anticipate potential credit risks equity instruments are also recognized in other
and to maintain the Company’s resilience amid the comprehensive income as items that will not be
dynamics of the financing industry. reclassified to profit or loss.
Marketing and Other Expenses Adira Finance also uses derivative instruments
In 2025, Adira Finance’s marketing and other to hedge against interest rate and foreign
expenses increased by 5.4% (yoy) to IDR725.8 billion, exchange risks associated with its foreign currency
compared to IDR688.6 billion in 2024. This increase denominated working capital loans, which carry
was mainly driven by the optimization of marketing floating interest rates.
activities undertaken to support the Company’s
business expansion. Overall, these expenses Derivatives used for risk management are recognized
continued to be managed prudently to ensure at fair value on the balance sheet. Changes in the
alignment with the Company’s growth strategy and fair value of cash flow hedging instruments, to the
efficiency initiatives. extent they are effective, are recorded in profit or loss
and other comprehensive income, and are subject to
Net Income for the Year reclassification to profit or loss.
Economic uncertainty and the ongoing dynamics
of the automotive industry through 2025 posed EARNINGS PER SHARE
challenges to Adira Finance’s business landscape. Adira Finance’s earnings per share (EPS) declined
Despite the Company’s net income in 2025 declined from IDR1,538 per share in 2024 to IDR1,253 per share
by 14.7% (yoy) to IDR1.5 trillion, compared to IDR1.8 in 2025, representing a decrease of 18.5% (yoy).
trillion in 2024. The decrease was mainly driven
by transition investments and organizational
consolidation, along with higher operating
expenses related to the alignment of operations and
governance frameworks to ensure effective synergy
following the merger.
STATEMENT OF CASH FLOWS
Description Growth (%)
2023 2024*) 2025
(in IDR Billion) 2023-2024*) 2024-2025
Cash flows from operating activities (4,052.1) 277.6 453.7 (106.8%) 63.5%
Cash flows from investing activities (533.5) (1158.0) (237.3) 117.1% (79.5%)
Cash flows from financing activities 4,734.7 505.4 (1,354.7) (89.3%) (368.1%)
Net increase (decrease) in cash & cash 149.1 (375.0) (1,138.3) (351.5%) 203.5%
equivalents
Merging entity effect - 898.7 - 100.0% (100.0%)
Cash & cash equivalents at the beginning of 1,286.4 1,435.5 1,959.2 11.6% 36.5%
the year
Cash & cash equivalents at the end of the year 1,435.5 1,959.2 820.9 36.5% (58.1%)
Remarks:
*) Comparative information has been restated as a result of the merger, in accordance with the Audited Financial Statements.
198 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Management
Discussion
and Analysis
Cash Flow from Operating Activities Cash Flow from Investing Activities
Performance
In 2025, Adira Finance recorded net cash flows In 2025, net cash used in Adira Finance’s investing Highlights
generated from operating activities amounting to activities amounted to IDR237.3 billion, declining
IDR453.7 billion, increasing compared to IDR277.6 compared to IDR1.2 trillion in 2024. This decrease
Opening
billion in 2024. This improvement was mainly driven was mainly attributable to a significant reduction
by higher cash receipts from financing transactions, in investment placements in associates, which fell
which grew by 4.9% (yoy) from IDR51.7 trillion in 2024 from IDR880.7 billion to IDR0.4 billion. In addition, Management
Report
to IDR54.2 trillion in 2025. Meanwhile, cash receipts the Company’s investment expenditures in 2025
from joint financing slightly declined by 1.5% (yoy) included the acquisition of intangible assets
to IDR17.1 trillion, compared to IDR17.4 trillion in the amounting to IDR155.0 billion and the acquisition Corporate
Profile
previous year. of fixed assets totaling IDR95.8 billion, representing
declines of 12.5% (yoy) and 25.3% (yoy), respectively.
On the disbursement side, cash used for financing This was in line with a more selective approach
Corporate
Governance
transactions increased in line with higher financing to capital expenditures, aligned with operational
disbursement activities, rising from IDR41.7 trillion priorities and the Company’s development strategy.
Environmental
in 2024 to IDR43.8 trillion in 2025. Meanwhile, cash and Social
Responsibility
outflows for joint financing principal remained Cash Flows from Financing Activities
relatively stable, slightly increasing from IDR15.2 In 2025, Adira Finance recorded net cash used in
Supporting
trillion in 2024 to IDR15.2 trillion in 2025. financing activities amounting to IDR1.4 trillion, Data
reversing from net cash provided of IDR505.4 billion
in 2024. This movement was mainly driven by a
decline in bank loan proceeds of 39.8% (yoy) to IDR10.5
trillion. On the other hand, principal repayments of
bonds payable and mudharabah bonds amounted
to IDR2.7 trillion and IDR584.5 billion, respectively,
representing decreases of 25.3% (yoy) and 19.6% (yoy)
compared to the previous year.
Page 202
OTHER MATERIAL INFORMATION
SOLVENCY
Throughout 2025, Adira Finance demonstrated solid financial performance amid persistent global and domestic
economic challenges. The Company successfully maintained a strong financial position by consistently and
timely fulfilling all of its short-term and long-term debt obligations. This resilience was reflected in healthy
liquidity, solvency, and gearing ratios, which supported the overall stability of the Company’s financial structure.
In addition, in 2025 Adira Finance successfully maintained its strong domestic credit rating of idAAA with a
stable outlook from the national rating agency Pefindo. On the international level, Moody’s maintained the
Company’s rating at Baa1/stable, which remains higher than Indonesia’s sovereign rating. Furthermore, Fitch
reaffirmed Adira Finance’s rating at BBB.
These strong ratings reinforced investor confidence in the Company’s performance and governance, while also
creating opportunities for Adira Finance to secure better funding access, both domestic and international. This
serves as an important foundation in supporting the Company’s sustainable growth strategy going forward.
Liquidity Ratio
Adira Finance’s liquidity ratio is calculated in accordance with the Financial Services Authority (OJK) Regulation
No. 35/POJK.05/2018 dated December 27, 2018 concerning the Business Operations of Financing Companies,
as lastly amended by OJK Regulation No. 46 Year 2024 concerning the Development and Strengthening of
Financing Companies, Infrastructure Financing Companies, and Venture Capital Companies. The Company’s
current ratio as of December 31, 2025 was recorded at 133.3%, compared to 132.3% as of December 31, 2024.
Meanwhile, the Company’s cash ratio as of December 31, 2025 stood at 5.6%, compared to 14.7% as of December
31, 2024.
The following data and tables present an analysis of the Company’s ability to meet its short-term debt
obligations:
Description 2023 2024*) 2025
Current ratio 129.3% 132.3% 133.3%
Cash ratio 12.7% 14.7% 5.6%
Remarks:
*)Comparative information has been restated as a result of the merger, in accordance with the Audited Financial Statements.
Throughout 2025, Adira Finance maintained As of the end of December 2025, joint financing
sufficient liquidity to repay all of its financial represented 41% of managed receivables. Meanwhile,
obligations and to fund its business needs through the Company’s total borrowings as of December
installment receipts from customers and available 31, 2025 decreased by 0.6% (yoy) to IDR20.1 trillion,
funding facilities. The Company also continued to consisting of bank loans (onshore and offshore) as
diversify its funding sources through joint financing well as bonds and mudharabah bonds, contributing
support with its parent company, Bank Danamon, 49%:51%, respectively.
as well as external borrowings consisting of bank
loans (both onshore and offshore), bonds, and As part of its strategy to diversify funding sources,
mudharabah bonds. Adira Finance regularly issues bonds on an annual
basis. In 2025, Adira Finance successfully issued
200 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Management
Discussion
and Analysis
Continuing Bonds VI Phase V in February 2025 with a total issuance value of IDR2.1 trillion. This was followed
Performance
by the issuance of Continuing Bonds VII Phase I and Continuing Mudharabah Bonds VI Phase I in July 2025 Highlights
amounting to IDR1.5 trillion, and subsequently the Continuing Bonds VII Phase II and Continuing Mudharabah
Bonds VI Phase II in October 2025 with a total value of IDR2.4 trillion. All these issuances were met with
Opening
strong positive market responses, as reflected in oversubscription levels of 2.3 times, 3.7 times, and 6.7 times,
respectively. This robust demand underscores the high level of investor confidence and the strong credibility
of Adira Finance in the capital market. Management
Report
Solvency Ratio
Adira Finance continuously evaluates and ensures that the Company maintains a healthy level of solvency. Corporate
Profile
This is reflected in the sound solvency ratios, demonstrating the Company’s ability to meet both its short-
term and long-term obligations. The Company’s liability-to-equity ratio as of December 31, 2025, stood at 1.6x,
while the ratio of liabilities to total assets as of the same date was recorded at 0.6x. These asset solvency ratios
Corporate
Governance
indicate that only a portion of the Company’s assets was financed through liabilities, enabling Adira Finance to
maintain an excellent capacity to repay its debts.
Environmental
and Social
Responsibility
Description 2023 2024*) 2025
Asset Solvency (times) 0.6 0.6 0.6 Supporting
Data
Equity Solvency (times) 1.8 1.6 1.6
Gearing Ratio (times) 1.5 1.4 1.4
Remarks:
*)Comparative information has been restated as a result of the merger, in accordance with the Audited Financial Statements.
Gearing Ratio of its short-term and long-term obligations. This
The gearing ratio represents a comparison between measured and disciplined approach to managing
total borrowings, bonds payable, and mudharabah the Company’s financial structure also plays a vital
bonds against equity, after deducting share role in strengthening resilience against potential
investments. Adira Finance maintains a gearing market volatility, while supporting the sustainability
ratio that remains well below the maximum of the Company’s business growth.
limit permitted under OJK Regulation No. 35/
POJK.05/2018 concerning the Business Operations Furthermore, the Company’s liquidity and asset
of Financing Companies, as lastly amended by and liability management are carried out under the
OJK Regulation No. 46 Year 2024 concerning the coordination of the Asset and Liability Committee
Development and Strengthening of Financing (ALCO). Through this committee, Adira Finance
Companies, Infrastructure Financing Companies, ensures that its funding diversification strategy is
and Venture Capital Companies, which is set at 10 carefully implemented, liquidity risks are effectively
times. mitigated, and optimal returns can ultimately be
achieved. The ALCO Committee holds monthly
In 2025, Adira Finance recorded a gearing ratio of 1.4x, meetings involving relevant business units to ensure
remaining stable compared to 2024. Accordingly, that the Company’s liquidity position remains at the
the Company continues to have substantial room expected level. This is consistent with the Company’s
to expand its business as market conditions recover policy to maintain sufficient financial resources
going forward. to meet maturing obligations and support the
continuity of its business operations.
Conformity of Financial Assets and Liabilities
Adira Finance consistently monitors and manages In terms of managing liquidity risk, the ALCO
its liquidity ratios, solvency ratios, gearing ratios, Committee monitors the condition and situation of
as well as the maturity matching between its liquidity and takes mitigation actions if necessary.
financial assets and liabilities. This constitutes an The effectiveness of this committee is seen from the
essential part of the Company’s prudent financial proper management over the gap between assets
management strategy, aimed at ensuring that Adira and liquidity.
Finance maintains sufficient liquidity to meet all
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 201
Page 204
The table of maturity of the Company’s financial assets and liabilities for the period of 2023–2025 is as follows:
Description 2023 2024*) 2025
(In IDR Billion) ≤1 Year ≥1 Year ≤1 Year ≥1 Year ≤1 Year ≥1 Year
Financial assets 21,106.3 20,045.6 24,130.9 25,206.1 26,437.4 23,673.4
Financial liabilities 10,508.6 7,648.6 12,708.4 9,946.5 13,930.3 8,144.8
Maturity gap 10,597.7 12,397.0 11,422.5 15,259.6 12,507.1 15,528.6
Remarks:
*)Comparative information has been restated as a result of the merger, in accordance with the Audited Financial Statements.
Analysis of Other Relevant Ratios
Adira Finance has consistently been able to comply with the financial ratios stipulated by the regulator, even
as the Company continues to carry out sustainable expansion of its financing business. These efforts are
undertaken to maintain business performance amid economic challenges and the slowdown in the automotive
industry. In addition, Adira Finance continues to conduct its business activities in the financing industry in
accordance with prudential principles, while ensuring full compliance with applicable laws and regulations.
The comparison of the financial ratios of the financing industry performance in 2023–2025 and Adira Finance
in 2025 is presented as follows:
Financing Industry Adira Finance
Ratio
2023 2024 2025 2025
FAR 85.2% 85.5% 86.0% 91.2%
GR (x) 2.3x 2.3x 2.2x 1.4x
MSMD 315.0% 319.8% 320.2% 12.162%
NPF 2.4% 2.7% 2.5% 2.0%
ROA 5.6% 5.0% 4.2% 5.2%
ROE 15.0% 13.8% 10.7% 10.4%
BOPO 76.9% 79.4% 82.9% 83.7%
RECEIVABLES COLLECTABILITY
Adira Finance is committed to continuously maintaining its Non-Performing Financing (NPF) ratio at a healthy
and well controlled level through the consistent implementation of prudent risk management principles. This
commitment has become increasingly important as the Company continues to expand its business amid the
dynamic automotive industry, which remains subject to various structural and cyclical challenges.
The Company proactively strengthens its creditworthiness assessment processes, enhances its data-driven
risk analytics capabilities, and reinforces its overall monitoring and collection functions. These initiatives are
expected to preserve solid asset quality and support sustainable financing growth throughout 2025.
Adira Finance classifies the collectibility of its receivables based on the number of days overdue. The table for
analysis of managed financing receivables aging (gross) for the period of 2023–2025 is as follows:
Description
2023 2024*) 2025
(in IDR Billion)
No past due 57,719.5 63,483.1 70,454.3
Overdue 1-90 days 13,435.4 15,005.8 9,506.1
Overdue >90 days 1,244.4 1,548.7 1,296.2
Total financing receivables - gross 72,399.3 80,037.6 81,256.6
% Total overdue to total financing receivables - gross 20.3% 20.7% 13.3%
Remarks:
*)Comparative information has been restated as a result of the merger, in accordance with the Audited Financial Statements.
202 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 205
Management
Discussion
and Analysis
Over the past three years, the ratio of total overdue with OJK Regulation No. 35/POJK.05/2018 as lastly
Performance
receivables to total financing receivables was amended by OJK Regulation No. 46 Year 2024. The Highlights
recorded at 20.3% (2023), 20.7% (2024), and 13.3% regulation stipulates that non-performing financing
(2025), respectively. The decline in the overdue receivables (excluding joint financing portions), net
Opening
financing receivables ratio in 2025 reflects the of allowance for impairment losses, must not exceed
Company’s success in maintaining financing quality 5%. The Company’s net NPF ratio was recorded at
through the consistent application of prudential 0.49% (2023), 0.35% (2024), and 0.25% (2025). Management
Report
principles. In line with this commitment, the
Company continues to implement prudent risk CAPITAL STRUCTURE
management practices as part of its credit risk Corporate
Profile
control efforts, ensuring that credit risk remains at Details on Capital Structure
a manageable level. The Company also provides The Company’s objective in managing its capital
segmented financing aligned with its risk appetite is to protect the Company’s ability to maintain its
Corporate
Governance
and carries out effective collection activities. business continuity, thereby enabling the Company
to continue providing returns to shareholders.
Environmental
In addition, as of December 2025, the Company Adira Finance is committed to delivering a return and Social
Responsibility
recorded a Non-Performing Financing (NPF) ratio, on shareholders’ investment in the form of cash
measured based on overdue receivables of more dividends. Since the Initial Public Offering, Adira
Supporting
than 90 days, which remained within the Company’s Finance has consistently distributed dividends to Data
internal limits and below the industry average. its shareholders on a regular annual basis and has
Over the last three years, the Company’s NPF ratio established a minimum dividend policy of 20% of
(including joint financing portions) stood at 1.9% the current year’s net income, while continuing
(2023), 2.2% (2024), and 2.0% (2025). to consider the Company’s funding requirements
in the following year and the dividend policy of PT
Adira Finance also monitors financing receivables Bank Danamon Indonesia Tbk as the controlling
classified as non-performing, consisting of sub- shareholder.
standard, doubtful, and loss categories, in accordance
The details of the Company’s capital ratio and profitability ratios during the period of 2023–2025 are as follows:
Description 2023 2024*) 2025
Capital Ratio** 45.0% 49.4% 51.3%
Rentability Ratio**
- Return on Asset (ROA) 8.6% 6.6% 5.2%
- Return on Equity (ROE) 18.7% 14.1% 10.4%
- Net Interest Margin (NIM) 26.0% 26.7% 25.1%
Remarks:
* Comparative information has been restated as a result of the merger, in accordance with the Audited Financial Statements.
** Ratios in accordance with the Financial Services Authority (OJK) regulation
Whereas the Company’s capital structure based on asset composition is as follows:
Description 2023 2024*) 2025
Liabilities 64.2% 62.1% 61.0%
Borrowings 30.0% 33.0% 25.6%
Bonds payable - net 19.0% 16.6% 22.3%
Mudharabah bonds 2.8% 3.2% 4.3%
Other Liabilities 12.4% 9.3% 8.8%
Equity - Net 35.8% 37.9% 39.0%
Assets 100.0% 100.0% 100.0%
Remarks:
*)Comparative information has been restated as a result of the merger, in accordance with the Audited Financial Statements.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 203
Page 206
Management Policy on Capital Structure In 2023, 2024, and 2025, the Company’s capital
As stipulated in the Company’s Articles of ratios were recorded at 45.0%, 49.4%, and 51.3%,
Association, the Company’s authorized capital respectively. The appropriation of net income for
amounts to IDR400.0 billion, consisting of 4 billion the year under review, including an appropriation
shares with a nominal value of IDR100 per share. for reserves requirements, dividend distribution,
From this authorized capital, 1,235.8 billion shares and other uses, is resolved by shareholders in the
have been issued by the shareholders, resulting General Meeting of Shareholders (GMS), where
in the Company’s issued capital totaling IDR123.6 the Company achieves a positive net income. The
billion. Articles of Association state that the portion of net
income for reserves requirements (minimum 20% of
In managing capital, the Company conducts the authorized capital) is appropriated to cover any
monthly analysis to ensure that the Company losses incurred by the Company.
complies with OJK Regulation No. 47/POJK.05/2020
dated November 17, 2020 regarding Business Furthermore, details of the Company’s capital for
Licensing and Institutional Financing Companies 2023, 2024, and 2025 have been disclosed in the
and Sharia OJK Regulation No. 35/POJK.05/2018 same section under the heading Equity in this
dated December 27, 2018 concerning the Business Annual Report.
Operations of Financing Companies, as lastly
amended by OJK Regulation No. 46 Year 2024 MATERIAL COMMITMENTS TO CAPITAL
concerning the Development and Strengthening EXPENDITURE
of Financing Companies, Infrastructure Financing In 2025, Adira Finance had no material commitments
Companies, and Venture Capital Companies, which to capital expenditures; therefore, explanations that
have some provisions as follows: relate to: Name of party making the commitments;
1. The Company’s capital ratio minimum 10% commitment objectives; source of funds; currency;
2. The amount of the Company’s loan to equity and measures of currency risk protection are not
and subordinated loan deducted by investment presented in this section.
is a maximum of 10 times, both for foreign and
domestic loans. REALIZATION OF CAPITAL GOODS INVESTMENT
FOR THE LAST FISCAL YEAR
The Company has calculated the capital ratio and In 2023, 2024, and 2025, the Company’s capital
profitability ratios, including return on assets, return expenditure amounted to IDR149.0 billion, IDR305.5
on equity, and net interest margin. billion, and IDR250.8 billion, respectively. The purpose
of these capital expenditures was mainly to support
Basis for Selection of the Management Policy on the development of services, business networks,
Capital Structure and information technology infrastructure, with the
Financial Service Authority (OJK) Regulation No. 35/ objective of strengthening the Company’s business
POJK.05/2018 dated December 27, 2018 concerning growth and business transformation.
the Business Operations of Financing Companies, as
lastly amended by OJK Regulation No. 46 Year 2024 The Company’s capital investment in 2025 was
concerning the Development and Strengthening focused on supporting the enhancement of
of Financing Companies, Infrastructure Financing information technology infrastructure and the
Companies, and Venture Capital Companies, digitalization of business processes, in line with the
regulates the capital ratio, of which finance Company’s ongoing digital transformation strategy.
companies are required to fulfil this ratio at the The details of capital expenditure during 2023–2025
minimum of 10%. The capital ratio is a comparison of based on cash flow are as follows:
adjusted capital to adjusted assets.
Description
2023 2024*) 2025
(in IDR Billion)
Fixed assets 108.6 128.4 95.8
Software and software under development 40.4 177.1 155.0
Total capital expenditure 149.0 305.5 250.8
Remarks:
*)Comparative information has been restated as a result of the merger, in accordance with the Audited Financial Statements.
204 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 207
Management
Discussion
and Analysis
MATERIAL FACTS AND INFORMATION SUBSEQUENT TO ACCOUNTANT’S REPORT DATE
Performance
Adira Finance did not have any material facts and information subsequent to the accountant’s report date that Highlights
could impact the performance and business risk of the Company. Therefore, material facts and information, as
well as their impacts on the performance and business risks, are not presented in this section.
Opening
COMMITMENT AND CONTINGENCY
Management
Report
Commitment
The Company has agreement as follows:
Corporate
Profile
Counterparties Item Rented Period of Agreement
PT Permata Birama Sakti Head office in Jakarta September 16, 2019 - September 15, 2029 Corporate
Governance
PT DCI Indonesia Data center in Jakarta October 7, 2024 - October 6, 2027
Environmental
The Company recognized the rental commitment above as lease liabilities. and Social
Responsibility
Maturity analysis of lease liabilities as of December 31, 2025, was as follows:
Supporting
Data
Description
2023 2024 2025
(in IDR Billion)
<1 year 20.0 28.4 30.6
1-5 year 110.6 109.6 79.1
>5 year 17.4 - -
Total 148.0 138.0 109.7
Contigencies
The Company did not have significant contingencies as of December 31, 2024 and 2025.
COMPARISON OF 2025 TARGETS AND REALIZATION
In 2025, Adira Finance recorded performance achievements as follows:
2024 2025
Description YoY 2025 Target
Realization Realization
Marketing and Operations
New financing (IDR billion) 17.8% 36,630 43,153 12% - 14%
– Automotive financing (IDR billion) 12.4% 26,864 30,202 5% - 7%
– Non-automotive financing (IDR billion) 32.6% 9,766 12,951 25% - 30%
Managed receivables (IDR billion)*) 1.8% 62,261 63,406 5% - 7%
Financial Statement
Income 2.9% 11,788 12,129 Refer to growth of managed
receivables
Income for the year (14.7%) 1,811 1,545 Refers to growth of managed
receivables, cost of funds, and
operational expenses
Projection of Other Performances
NPF (including joint financing portion) 0.2% 2.2% 2.0% ±2.25%
Gearing ratio 0.0x 1.4x 1.4x Maintain below the regulatory limit
(10x)
Dividend payout ratio 0.0% 50% 50% Minimum of 20% of previous year’s net
income
New car market share 0.1% 4.0% 4.1% ±4%
New motorcycle market share 1.5% 8.5% 10.0% ±9%
Human resources/employees 21.7% 17,098 20,816 Aligned with business needs
Remarks:
*) Financing receivables include financing interest receivables and transaction expenses that had not been amortised
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 205
Page 208
2026 OUTLOOK
In 2026, the Company’s outlook for operational, financial, and certain other key items has been prepared by
taking into account historical performance, estimates of macroeconomic conditions, and the business strategies
established by Management. This outlook reflects the Company’s commitment to maintaining sustainable
growth, enhancing profitability, and strengthening its financial structure in addressing the dynamics of the
financing and automotive industries in the year ahead, as follows:
Description 2026 Outlook
Marketing and Operations
Outlook on new financing 8%-12%
- Outlook on new automotive financing 6%-10%
- Outlook on new non-automotive financing 12%-16%
Outlook on managed receivables 3%-5%
Financial Statement
Outlook on income Refer to growth of managed receivables
Outlook on income for the year Refers to growth of managed receivables, cost of funds,
and operational expenses
Other Performances
Outlook on NPF (including joint financing portion) Maintained around 2.0% – 2.2%
Outlook on gearing ratio Maintain below the regulatory limit (10x)
Outlook on dividend payout ratio Minimum of 20% of previous year’s net income
Outlook on market share of new cars ±5%
Outlook on market share of new motorcycles ±10%
Outlook on human resources/employees Aligned with business needs
DIVIDEND POLICY
Adira Finance determines its dividend policy pursuant to Law Number 40 of 2007 on Limited Liability Companies.
With reference to the law, the Company’s cash dividend distribution policy is as follows:
1. All Company shares that have been fully paid-up, including shares offered during the Initial Public Offering
on 31 March 2004, are similar and equal in all respects, including the rights over their cash dividends;
2. In accordance with the Company’s Articles of Association, dividend payments must be approved by the
GMS by considering the Company’s financial position and financial soundness; and
3. By considering the Company’s net income, current year liquidity, and without reducing the rights of the
GMS to make resolutions based on the Company’s Articles of Association, the Management would pay out
cash dividends amounting to a minimum of 20% of the Company’s net income.
Adira Finance implements a dividend pay out policy by distributing cash dividends amounting to a minimum
of 20% of net income. In 2025, Adira Finance distributed dividends to all shareholders through the General
Meeting of Shareholders, as detailed below:
Description 2023 2024 2025
Number of Shareholders 4,873 5,031 7,890
Authorized Capital
Number of Shares 4,000,000,000 4,000,000,000 4,000,000,000
Nominal Value (in IDR million) 400,000 400,000 400,000
Issued and Fully Paid Capital
Total Outstanding Shares 1,000,000,000 1,000,000,000 1,235,803,109
Nominal Value (in IDR million) 100,000 100,000 123,580
206 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 209
Management
Discussion
and Analysis
Description 2023 2024 2025
Performance
Highlights
Unissued Shares
Total Shares 3,000,000,000 3,000,000,000 2,764,196,891
Opening
Nominal Value (in IDR million) 300,000 300,000 276,420
Cash Dividend
Management
Net Income in Previous Year (in IDR Million) 803,000 972,000 703,000 Report
Earnings Per Share (IDR) 1,606 1,944 1,407
Cash Dividend Per Share (IDR) 803 972 703 Corporate
Profile
Percentage of Cash Dividends to Net Income in Prior Year 50% 50% 50%
Growth of Cash Dividends 32.3% 21.0% (27.7%) Corporate
Governance
Date of GMS 04-Apr-23 27-Mar-24 25-Mar-25
Dividend Announcement Date 04-Apr-23 27-Mar-24 25-Mar-25
Environmental
and Social
Dividend Distribution Date 04-May-23 30-Apr-24 25-Apr-25 Responsibility
EMPLOYEE AND/OR MANAGEMENT SHARE OWNERSHIP PROGRAM
Supporting
Data
Until December 31, 2025, Adira Finance had not provided either an Employee Share Ownership Plan (ESOP) or
Management Share Ownership Plan (MSOP). The Company therefore does not present information related to
the number of ESOP or MSOP shares and their realization; the time period; the requirements of employees and/
or management who are entitled; and the exercise price.
REALIZATION OF PROCEEDS FROM PUBLIC OFFERING
Adira Finance has submitted reports on the use of proceeds from a Public Offering to comply with Financial
Services Authority Regulation Number 30/POJK.04/2015 on Obligation to Submit Reports on the Use of
Proceeds from Public Offerings, with detailed information as follows:
Realized Amount from Public
Offering Outstanding
Effective (In IDR Billion) Amount Letter Number and
Type of Public Offering
Date from Public Reporting Date
Total Offering Net Offering
Proceeds Cost Amount
Adira Finance Continuing June 27, 2,066 6.2 2.060 - 124/ADMF/CS/V/25
Bonds VI Phase V 2023 Dated May 8, 2025
Adira Finance Continuing June 26, 1,200 5.9 1.194 - 228/ADMF/CS/VIII/25
Bonds VII Phase I 2025 Dated August 12, 2025
Adira Finance Continuing June 26, 1,650 4.9 1.645 - 329/ADMF/CS/XII/25
Bonds VII Phase II 2025 Dated December 5, 2025
Adira Finance Continuing June 26, 300 1.6 298 - 229/ADMF/CS/VIII/25
Mudharabah Bonds VI Phase I 2025 Dated August 13, 2025
Adira Finance Continuing June 26, 700 2.1 697 - 330/ADMF/CS/XII/25
Mudharabah Bonds VI Phase 2025 Dated December 5, 2025
II
As disclosed in the prospectus issued for the purpose of the Public Offering mentioned above, all proceeds
from the Public Offering would be utilized for consumer financing as the Company’s main business activity. As
a result, as of the end of 2025, the remaining unused amount was nil. Furthermore, there were no changes to
the utilization of proceeds from the public offering.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 207
Page 210
MATERIAL TRANSACTIONS FOR INVESTMENTS, iii. Both entities are joint ventures of the same
EXPANSION, DIVESTMENTS, BUSINESS third party;
MERGERS OR ACQUISITIONS, AND DEBT/ iv. One entity is a joint venture of a third entity
CAPITAL RESTRUCTURINGS and the other entity is an associate of the
PT Mandala Multifinance Tbk officially merged third entity;
into PT Adira Dinamika Multi Finance Tbk as the v. The entity is a post-employment benefit plan
surviving entity, following the approval obtained for the benefit of employees of either the
from the shareholders of both companies as well reporting entity or an entity related to the
as the Financial Services Authority (OJK) on June reporting entity;
30, 2025. The merger became legally effective as of vi. The entity controlled or jointly controlled by a
October 1, 2025, as set forth in Deed No. 65 dated person identified in (a);
September 30, 2025, drawn up before Mala Mukti, vii. A person identified in (a) (i) has significant
S.H., L.L.M., Notary in Jakarta. Through this merger, influence over the entity or is a member of the
Adira Finance further strengthened its position as key management personnel of the entity (or
one of the largest financing companies in Indonesia, of a parent of the entity);
supported by the strong backing of MUFG and Bank viii. An entity, or any member of a group of which
Danamon. it is a part, that provides key management
personnel services to the reporting entity or
TRANSACTIONS WITH CONFLICTS OF INTEREST its parent.
AND TRANSACTIONS WITH AFFILIATED OR
RELATED PARTIES Fairness, Review Mechanism Policy, and
Regulation Fulfilment of Transactions with
Material Transactions with Conflicts of Interests Affiliated or Related Parties
Throughout 2025, Adira Finance did not undertake In terms of transactions with related parties, Adira
any transaction that contained an element of a Finance undertakes transactions appropriately with
conflict-of interest. various related parties under the same control. The
management in its business activities, policies and
Transactions with Affiliated/Related Parties transaction conditions have been mutually agreed
Adira Finance has transactions with related parties. upon and have been carried out on all transactions
The definition of related parties used is in accordance with related parties. Transactions carried out by the
with the SFAS 224 “Related Party Disclosures;” the Company have complied with Capital Market and
meaning of related party is a person or entity that is Financial Institution Supervisory Agency Regulation
related to a reporting entity as follows: IX.E.1 on “Affiliated Transactions and Conflicts of
a) A person or a close member of that person’s Interest in Certain Transactions” at the time the
family is related to a reporting entity if that transactions are carried out.
person:
i. has control or joint control over the reporting In the event that there is a transaction involving
entity; affiliated or related parties, the Board of Directors
ii. has significant influence over the reporting of Adira Finance ensures that the affiliated
entity; or transaction has undergone adequate review
iii. is a member of the key management procedures to confirm compliance with generally
personnel of the reporting entity or of a parent accepted business practices, including adherence
of the reporting entity. to the arm’s-length principle. For any affiliated or
related party transactions, Adira Finance involves
b) An entity is related to a reporting entity if any of the role of the Board of Commissioners and the
the following conditions apply: Audit Committee in carrying out adequate review
i. The entity and the reporting entity are procedures to verify that affiliated transactions are
members of the same group (which means carried out in accordance with generally accepted
that each parent, subsidiary, and fellow business practices, among others, by complying
subsidiary is related to the others); with the arm’s-length principle.
ii. One entity is an associate or joint venture
of the other entity (or an associate or joint
venture of a member of a company of which
the other entity is a member);
208 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 211
Management
Discussion
and Analysis
Objectives and Reasons for Related Transactions
Performance
Transactions with related parties are conducted primarily for the benefit and sustainability of the Company’s Highlights
business related to the lending and borrowing of funds in the normal course of business.
Opening
Value of Related Party Transactions
More detailed information on the balance of transactions with related parties is presented in Note 39 of the
Notes to the Financial Statements in this Annual Report. Management
Report
Furthermore, the Company acknowledges that POJK 42 regulates the procedural obligations applicable to
Public Companies, including the exemptions, in carrying out Affiliated Transactions. Pursuant to Article 8 and Corporate
Profile
Article 9 of POJK 42, Affiliated Transactions conducted in the ordinary course of business to generate operating
revenues and carried out routinely, repeatedly, and/or continuously must be disclosed in the annual report or
annual financial statements of the Public Company.
Corporate
Governance
In 2025, affiliated/related party transactions undertaken by Adira Finance in the ordinary course of business
Environmental
to generate operating revenues and carried out routinely, repeatedly, and/or continuously up to 31 December and Social
Responsibility
2025, are as follows:
Supporting
Data
% of Transaction
Transaction Value to Total Assets or
Related Party Nature of Relationship Nature of Transaction
(in IDR Million) Liabilities; Total
Income or Expenses
PT Bank Parent Company Joint Financing Accounted for in the
Danamon financial statements
Indonesia of Bank Danamon
Indonesia
Cash in bank 537,144 1.4%
Prepaid expenses 583 0.0%
Derivative assets 857 0.0%
Derivative liabilities 1,711 0.0%
Borrowings 1,016,373 4.3%
Bonds payable 73,050 0.3%
Other payables 166,189 0.7%
Accrued expenses 3,142 0.0%
Other income 10,629 0.1%
Interest expense and 52,118 0.5%
financing charges
PT Zurich Associated Entity of Prepaid expenses 51,222 0.1%
Asuransi PT Bank Danamon
Indonesia Tbk Indonesia Tbk Other receivables 32,050 0.1%
Accrued expenses 41,760 0.2%
Bonds payable 110,000 0.5%
Other payables 676,486 2.9%
Other income 58,703 0.5%
Interest expense and 6,875 0.1%
financing charges
General and 2,279 0.0%
administrative expenses
PT Home Credit Owned by the Investment in shares 420,717 1.1%
Indonesia controlling shareholder
of parent company
through Bank of
Ayudhya Public
Company Limited
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 209
Page 212
% of Transaction
Transaction Value to Total Assets or
Related Party Nature of Relationship Nature of Transaction
(in IDR Million) Liabilities; Total
Income or Expenses
MUFG Bank, Ltd The Controlling Cash in bank 29,180 0.1%
Shareholder of Parent
Company Borrowings 4,314,177 18.4%
Accrued expenses 31,769 0.1%
Interest expense and 263,954 2.6%
financing charges
PT Zurich Owned by Associate Other receivables 11,404 0.0%
General Tafakul Entity of PT Bank
Indonesia Danamon Indonesia Tbk Accrued expenses 438 0.0%
Other payables 38,943 0.2%
Mudharabah bonds 30,000 0.1%
Other income 9,302 0.1%
Revenue sharing for 1,875 0.0%
mudharabah bonds
CHANGES TO LAWS AND REGULATIONS WITH A SIGNIFICANT IMPACT ON THE COMPANY
In 2025, changes in the prevailing laws and regulations that may have a significant impact on the Company
are as follows:
Key Provisions of the New Regulation or Significant Impact on Adira Finance and
No Laws and Regulations
Amendments to Previous Regulations the Financial Statements
1 Financial Services This regulation is intended to provide the legal basis Adira Finance shall be obliged to:
Authority Regulation for the provision of data and track record information • establish internal policies
No. 28 of 2024 on of parties committing fraudulent acts (“Perpetrators”) and procedures related to
the Management through the Perpetrator Information System SIPELAKU;
of Track Record (SIPELAKU), for use by Financial Services Institutions • submit anti-fraud strategy
Information of Fraud and other parties conducting activities in the financial reports and register access
Perpetrators through services sector (hereinafter collectively referred to as the rights to track record
the Financial Services (“Users”). In accessing such data and information, Users information in SIPELAKU;
Sector Perpetrator shall comply with the following provisions: • safeguard the confidentiality
Information System 1. Track record data and information shall only be of track record information
(SIPELAKU) utilized by Users as consideration in: from the time it is obtained
• decision-making processes for employment- until its destruction; and
related purposes; • conduct internal audits on
• profiling of prospective consumers and/or other the utilization of SIPELAKU at
parties in accordance with risk control policies; least once (1) a year.
and
• the implementation of risk management.
2. In order to obtain access rights to track record
information in SIPELAKU, Users shall first:
• fulfil the obligation to submit anti-fraud strategy
reports as regulated under the Financial Services
Authority regulations on the implementation of
anti-fraud strategies; and
• submit an application for access rights registration
electronically to the Financial Services Authority
through the Authority’s licensing system in
accordance with the prescribed requirements.
3. Users shall establish and implement policies and
procedures related to SIPELAKU.
4. Users shall safeguard the confidentiality of track
record information from the time it is obtained until
its destruction.
5. Users shall conduct internal audits on the utilization
of SIPELAKU at least once (1) a year.
210 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 213
Management
Discussion
and Analysis
Key Provisions of the New Regulation or Significant Impact on Adira Finance and
No Laws and Regulations
Amendments to Previous Regulations the Financial Statements Performance
Highlights
2 Financial Services 1. The organizational structure of a financial This regulation does not have a
Authority Regulation conglomeration shall consist of the Financial direct impact on Adira Finance
Number 30 of Conglomerate Holding Company (PIKK) and the as a member of MUFG Group’s Opening
2024 on Financial members of the financial conglomeration. financial conglomeration.
Conglomeration 2. The Controlling Shareholder (Pemegang Saham However, Adira Finance shall
and Financial Pengendali/PSP) and/or the Ultimate Controlling support the fulfilment of Management
Conglomerate Holding Shareholder (Pemegang Saham Pengendali obligations carried out by Bank Report
Companies (PIKK) Terakhir/PSPT) shall establish an operational or non- Danamon as the Financial
operational PIKK with the approval of the Financial Conglomerate Holding
Services Authority, provided that the financial Company (PIKK). Corporate
Profile
conglomeration meets the criteria based on the
minimum total assets and the number of Financial
Services Institution (LJK) sectors.
3. An operational and non-operational PIKK shall be a Corporate
Governance
legal entity domiciled in Indonesia and owned by the
PSP and/or PSPT, established to control, consolidate,
and be responsible for all activities of the financial
conglomeration. Environmental
and Social
Responsibility
4. The PIKK shall prepare and submit to the Financial
Services Authority:
• a five (5)-year long-term corporate plan for the
financial conglomeration, prepared by the Board Supporting
Data
of Directors of the PIKK and approved by the
Board of Commissioners of the PIKK; and
• financial conglomeration corporate charter,
signed by the Board of Directors of the PIKK and
the Boards of Directors of the members of the
financial conglomeration.
3 Financial Services 1. Risk management shall be implemented for eight Adira Finance shall be obliged to:
Authority Regulation (8) types of risks, namely credit risk, market risk, • implement risk management
Number 42 of 2024 on operational risk, strategic risk, liquidity risk, legal risk, for the eight (8) required
the Implementation compliance risk, and reputational risk. types of risks;
of Risk Management 2. Financing companies may determine additional risks • align internal policies with
for Financing beyond the eight (8) risks arising from the conduct of this regulation and conduct
Institutions, Venture PVML business activities, subject to the approval of periodic evaluations at least
Capital Companies, the Financial Services Authority. once (1) a year;
Microfinance 3. Financing companies shall comply with the following • establish a risk management
Institutions, and Other provisions: committee and risk
Financial Services • establish the authority and responsibilities at each management work
Institutions (PVML) level of position related to the implementation of units responsible for the
risk management; implementation of risk
• ensure the adequacy of risk management policies, management within Adira
including in relation to the development or Finance; and
expansion of business activities; • prepare and submit an
• identify, measure, and control risks with respect to annual self-assessment of
material factors; the risk profile as of the end
• implement an effective internal control system of December to the Financial
over risks inherent in business activities and Services Authority.
operational processes at all levels of the PVML
organization;
• establish a risk management committee and risk
management work units; and
• prepare and submit an annual self-assessment of
the risk profile as of the end of December to the
Financial Services Authority.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 211
Page 214
Key Provisions of the New Regulation or Significant Impact on Adira Finance and
No Laws and Regulations
Amendments to Previous Regulations the Financial Statements
4 Financial Services Financing companies shall comply with the following Adira Finance shall be obliged to:
Authority Regulation provisions: • manage human resources
Number 43 of 2024 1. manage human resources, continuously develop and continuously develop
on the Development the quality of human resources, and monitor as well human resources quality by
of Human Resources as administer the implementation of such human allocating education and
Quality for Financing resources quality development programs; training funds of at least 2.5%
Institutions, Venture 2. establish a human resources management and of total labor expenses;
Capital Companies, development function, and assign a member of the • align internal policies with
Microfinance Board of Directors responsible for overseeing such this regulation;
Institutions, and Other function; • establish functions
Financial Services 3. allocate education and training funds for human responsible for human
Institutions (PVML) resources of at least 2.5% of the total labor expenses resources management
of the current year; and development, including
4. maintain internal systems and procedures for the monitoring the validity of
continuous development of human resources quality; competency certifications
5. submit reports on the realization of human resources for members of the Board
quality development programs in the report on of Directors, the Board
the implementation and supervision of the PVML of Commissioners, risk
business plan; and management officials,
6. ensure compliance with competency certification employees in managerial
requirements for: members of the Board of Directors; positions and above, as well as
members of the Board of Commissioners; officials personnel handling collection
one (1) level below the Board of Directors overseeing functions; and
the risk management function; employees holding • disclose the realization of
managerial positions from branch office head level human resources quality
up to one (1) level below the Board of Directors; and development programs in the
employees and/or outsourced personnel handling report on the implementation
collection functions and collateral execution. and supervision of the
business plan on a semester
basis.
5 Financial Services This regulation covers the following matters: Adira Finance shall be obliged to:
Authority Regulation 1. Business licensing of financing companies and sharia • align internal policies with
Number 46 of 2024 financing companies, including: this regulation;
on the Development • amendments to provisions regarding the • monitor the regulatory
and Strengthening of establishment of branch offices for financing parameters stipulated under
Financing Companies, companies; this regulation;
Infrastructure • adjustments to the requirements for obtaining • submit reports on digital
Financing Companies, approval of changes in ownership of financing financing services; and
and Venture Capital companies; • comply with all provisions set
Companies (PVML) • provisions on the separation (spin-off) of sharia out in this regulation.
business units of financing companies based on
minimum equity and asset thresholds;
• provisions on changes in paid-in capital that do not
result in changes to the Controlling Shareholder
(PSP) for financing companies whose shares are
traded on the stock exchange; and
• provisions concerning liquidation procedures
following the revocation of business licenses.
2. The conduct of business operations of financing
companies and sharia financing companies,
including:
• amendments to provisions on the components of
capital calculation;
• adjustments to provisions on working capital
financing methods and the maximum limits for
working capital financing disbursement through
business capital facilities and multipurpose
financing through fund facilities;
• adjustments to provisions on the minimum ratio
of net financing receivables balance to total assets;
• provisions regarding exemptions from collateral
requirements in business capital facility financing
applications; and
• provisions concerning non-face-to-face financing
and digital financing services.
212 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Management
Discussion
and Analysis
Key Provisions of the New Regulation or Significant Impact on Adira Finance and
No Laws and Regulations
Amendments to Previous Regulations the Financial Statements Performance
Highlights
6 Financial Services Financing companies shall implement the principles Adira Finance shall be obliged to:
Authority Regulation of good corporate governance in all of their • align internal policies with
Number 48 of 2024 on business activities at every level of the organization, this regulation; Opening
the Implementation including transparency, accountability, responsibility, • submit an annual report on
of Good Corporate independence, and fairness. The implementation of the implementation of good
Governance good corporate governance shall, at a minimum, be corporate governance, which Management
for Financing manifested in the following aspects: shall at least include: Report
Institutions, Venture 1. the performance of duties and authorities a. transparency in the
Capital Companies, of shareholders and the General Meeting of implementation of good
Microfinance Shareholders (GMS); corporate governance; Corporate
Profile
Institutions, and Other 2. the performance of duties, responsibilities, and b. a self-assessment on the
Financial Services authorities of the Board of Directors; implementation of good
Institutions (PVML) 3. the performance of duties, responsibilities, and corporate governance; and
authorities of the Board of Commissioners; c. an action plan covering Corporate
Governance
4. the performance of duties, responsibilities, and the required corrective
authorities of the Sharia Supervisory Board (DPS); measures, completion
5. the completeness and implementation of committee timeline, as well as any
functions; constraints or obstacles in Environmental
and Social
Responsibility
6. the implementation of risk management; its implementation (if any);
7. the implementation of anti-fraud strategies; • ensure compliance with
8. the implementation of the compliance function; multiple position restrictions
9. the implementation of internal audit and external applicable to the Board Supporting
Data
audit functions; of Directors, the Board of
10. the management of conflicts of interest; Commissioners, and the
11. the implementation of remuneration policies; Sharia Supervisory Board
12. information disclosure; (DPS); and
13. business ethics; • comply with all provisions set
14. financing policies; out in this regulation.
15. the implementation of sustainable finance, including
social and environmental responsibility; and
16. business planning.
7 Financial Services Financing companies shall comply with the following Adira Finance shall be obliged to:
Authority Regulation provisions: • align internal policies with
Number 19 of 2025 on 1. provide facilitation of access to financing for MSMEs, this regulation;
Facilitating Access to which shall be carried out through the establishment • establish a dedicated unit
Financing for Micro, of special financing policies, the development or function responsible
Small, and Medium of specific financing schemes, acceleration of for facilitating access to
Enterprises (MSMEs) business processes in financing disbursement, the financing for MSMEs;
determination of financing-related costs charged on • prepare and implement
a reasonable basis, and other forms of facilitation; human resources competency
2. establish clear duties and responsibilities of the development programs in
Board of Directors, the Board of Commissioners, providing facilitation of MSME
and the Sharia Supervisory Board (DPS) in providing financing access at least once
facilitation of access to financing for MSMEs; (1) a year;
3. establish a unit or function responsible for • disclose the plans and
handling the facilitation of MSME financing access realization of MSME financing
and implement human resources competency disbursement in the business
development programs to enhance such facilitation plan report and the business
at least once (1) a year; plan realization report; and
4. implement risk management in providing facilitation • carry out financial education
of access to financing for MSMEs; activities aimed at MSME
5. submit plans and realization of MSME financing actors.
disbursement in the business plan report and the
business plan realization report;
6. conduct evaluations on the reasonableness of
financing-related costs imposed on MSMEs; and
7. carry out activities to enhance financial literacy in the
form of financial education for MSME actors.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 213
Page 216
Key Provisions of the New Regulation or Significant Impact on Adira Finance and
No Laws and Regulations
Amendments to Previous Regulations the Financial Statements
8 Government This regulation serves as guidance for financing Adira Finance shall be obliged
Regulation Number companies regarding the procedures for the preparation to prepare and submit financial
43 of 2025 on Financial and submission of financial statements through statements in accordance with
Reporting an integrated platform, namely the Joint Financial this regulation, the Financial
Reporting Platform (“PBPK”). The regulation stipulates Services Authority regulations,
the following obligations: and applicable financial
1. Financial statements shall be prepared by parties accounting standards.
possessing the required competence and integrity,
and shall be completed in accordance with applicable
Financial Reporting Standards and prevailing
laws and regulations. The preparation of financial
statements may involve supporting professions
within the financial services sector.
2. Each financial statement submission shall be
accompanied by a statement letter printed on a
separate sheet, signed by the highest-ranking official
and/or other authorized officials.
3. Financial statements shall be submitted to the
relevant Ministries, Institutions, and/or Authorities
in accordance with the provisions of applicable laws
and regulations.
CHANGES IN ACCOUNTING PRINCIPLES
The Financial Accounting Standards Board of the Indonesian Institute of Accountants (DSAK - IAI) has issued
the new standards, amendments and interpretations, which are effective as of January 1, 2025.
No changes to the Company’s accounting policies and no impact on the amounts reported for the current year
or prior year from those applicable standards as stated in the Notes to the Audited Financial Statements in this
Annual Report.
COMPLIANCE WITH TAX PAYMENTS
Adira Finance, as a public-listed company that is engaged in business activities in Indonesia, contributes to the
nation through the fulfilment of its obligation as a taxpayer and tax collector. Adira Finance’s compliance with
the obligation to tax payment in the last three years is as follows:
Description
2023 2024 2025
(in IDR Billion)
VAT 89,233 96,808 91,009
Income Tax 315,380 332,501 306,515
Corporate Income Tax 469,261 389,213 400,243
Other Taxes 29,297 40,749 34,950
Total 903,171 859,271 832,717
214 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Management
Discussion
and Analysis
Performance
Highlights
Opening
Management
Report
Corporate
Profile
Corporate
Governance
Environmental
and Social
Responsibility
Supporting
Data
SUSTAINABLE FINANCIAL PERFORMANCE
Adira Finance views sound The year 2025 was filled with dynamics that impacted
the national economic conditions. Nevertheless, as
financial performance as the
one of the largest financing companies in Indonesia,
foundation for creating value Adira Finance continues to demonstrate its
that brings long-term benefits commitment to promoting financial inclusion and
economic growth.
to stakeholders. To achieve this,
Adira Finance implements financial Throughout its journey, Adira Finance implemented
various strategies, including focusing on digital
strategies based on quality financial service innovation, expanding financing
growth, portfolio diversification, reach, and optimizing operational effectiveness to
provide greater value to stakeholders, especially
and digitalization, while ensuring
consumers and business partners. Additionally,
that every financial achievement Adira Finance continued financing electric vehicles
supports long-term stability and (EVs) as a form of commitment to sustainability and
supporting government initiatives to reduce carbon
business sustainability. emissions. In 2025, Adira Finance’s electric vehicle
financing reached IDR748 billion, a 97.0% increase
compared to the previous year’s achievement.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 215
Page 218
The provision of competitive financing schemes rate of 2.0%. This demonstrates the effectiveness
for environmentally friendly vehicles carried out of Adira Finance’s risk management practices.
by the Company plays an active role in driving the Going forward, Adira will continue to synergize with
electric vehicle market ecosystem in Indonesia and its parent company, Bank Danamon, and global
strengthens the company’s position in the green strategic partners such as MUFG. This collaboration
financing market. This aligns with the commitment provides Adira with a competitive advantage, both
to always pay attention to the quality of the products in terms of access to funding, technology, and the
offered so that the company’s portfolio can grow development of innovative products that can meet
healthily. the needs of an evolving market.
Furthermore, Adira Finance continues to strengthen Overall, in 2025, Adira Finance continued to adapt
its role in supporting the growth of the MSME to market dynamics while prioritizing prudential
sector. As of December 2025, the Company’s MSME principles in risk management. Sustainable
financing disbursement was recorded at IDR7.7 initiatives and a focus on financial inclusivity will
trillion. The portion of financing distributed to continue to be the main pillars of the company’s
MSMEs contributed 18% of the Company’s total new business strategy, ensuring that financial growth is
financing. Adira Finance also maintains asset quality not only profitable but also has a positive impact on
with a controlled non-performing financing (NPF) the wider community.
Economic Value of the Year
2023 2024*) 2025
(in IDR Billion)
Economic Value Generated [GRI 201-1]
Revenues 9,507.9 11,787.9 12,129.0
Economic Value Distributed
Operational Costs 1,338.9 1,773.9 1,976.9
Employee Costs 2,419.7 2,908.0 3,338.4
Dividends 803 972 703
Government Financing (Taxes, Levies, etc.) 903.2 859.3 832.7
Social Investment (CSR costs) 8.2 20.3 5.12
Total Economic Value Distributed 5,473.0 6,539.5 6,856.1
Economic Value Retained 4,034.9 5,248.4 5,272.9
Note:
*)Comparative information is restated due to the business merger in accordance with the Audited Financial Report.
BUSINESS CONTINUITY INFORMATION
Matters Potentially Affecting Business Continuity
Until the end of 2025, Adira Finance recorded no factors or conditions that could potentially have a significant
impact on the Company’s long-term business continuity.
Nevertheless, developments in the global and domestic economic environment remain external factors that
warrant close monitoring. Throughout 2025, the global economy entered a transition phase following the
end of a prolonged period of elevated inflation. Several major central banks, including Bank Indonesia, began
shifting their monetary policy stance from tightening toward a more accommodative direction as inflationary
pressures gradually eased. This policy adjustment is expected to support economic activity and strengthen
consumer purchasing power.
However, ongoing geopolitical tensions and global climate uncertainties continue to pose potential
risks, as they may trigger volatility in commodity prices, particularly food and energy, which could lead to
renewed inflationary pressures. Domestically, the increase in Value Added Tax (VAT) for luxury goods and the
implementation of regional tax surcharges may affect motor vehicle prices, which in turn could influence
demand in the automotive sector and the financing industry,
216 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Management
Discussion
and Analysis
Facing these various challenges, Adira Finance As one of Indonesia’s leading financing companies
Performance
remains consistent in implementing a selective and with a strong track record and trusted reputation, Highlights
prudent financing distribution strategy, focusing on Adira Finance is optimistic about maintaining its
quality financing growth and applying strong and business continuity amidst industry dynamics.
Opening
careful risk management principles. This step is in Through a strategy of diversifying the financing
line with the Company’s commitment to maintaining portfolio into non-automotive segments, the
long-term business sustainability amidst evolving Company can reduce concentration risk in the Management
Report
economic dynamics. automotive industry while expanding its customer
base and strengthening its long-term growth
Management’s Assessment For Managing foundation. Corporate
Profile
Potential Significant Impacts On Business
Continuity From a funding perspective, the Company
Adira Finance conducts regular and comprehensive continues to maintain its financial stability through
Corporate
Governance
evaluations of strategic plans and assesses the diversification of funding sources. These efforts
Company’s ability to achieve performance targets, as include ongoing strategic collaboration with the
Environmental
well as to maintain its business continuity. Up to the parent company, PT Bank Danamon Indonesia Tbk, and Social
Responsibility
2025 fiscal year, the evaluation results showed no through joint financing, as well as obtaining external
findings of risks that could potentially have a material funding through bank loans and bond issuances.
Supporting
impact on the Company’s business continuity. Data
Adira Finance has also successfully maintained
As a form of commitment to transparency and good the highest domestic credit rating of idAAA from
governance, Adira Finance consistently prepares the Domestic Rating Agency Pefindo, as well as
and presents financial statements in accordance investment grade ratings from International Rating
with the latest Financial Accounting Standards and Agencies, namely Baa1/stable from Moody’s and
sustainability principles, to provide an objective BBB from Fitch Ratings. These ratings strengthen
picture of the Company’s financial condition and market confidence and increase the Company’s
performance. Based on performance achievements flexibility in accessing various funding sources both
during 2025 and a solid track record, Management domestically and internationally.
assesses that the Company’s business continuity
prospects remain in excellent condition. Management’s Key Assumptions in Assessing
Going Concern
Entering the second half of 2025, the national Adira Finance notes that there are several factors
automotive industry began to show signs of influencing the Company’s management assessment
improvement after facing various challenges. in managing risks that affect the Company’s
Management believes that the synergy of the business activities and business continuity. These
Government’s fiscal and monetary policies will factors or assumptions include global and domestic
positively impact the recovery of public purchasing macroeconomic developments, the condition of
power and create a ripple effect supporting the the automotive industry, operational performance,
growth of the automotive and financing industries. financial performance, liquidity and solvency levels,
implementation of governance, and legal cases
currently faced by the Company.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 217
Page 220
BUSINESS PROSPECT
The financing industry is expected MACROECONOMIC 2026
The global economic growth prospect for 2026 is
to continue to offer growth
expected to remain moderate, despite a number of
opportunities amid various ongoing external risks. The International Monetary Fund (IMF)
challenges, including fluctuations anticipates global economic growth of around 3.3%,
supported by lower trade tensions and increased
in consumers’ purchasing power investment in the Artificial Intelligence sector,
and intense industry competition. which is expected to boost global productivity. In
line with this, Bank Indonesia predicts that global
These opportunities are supported economic growth will slow slightly in 2026 to around
by the ability of financing 3.2%, reflecting the ongoing challenges of slowing
demand and global economic uncertainty.
companies to adapt through
product innovation and the Meanwhile, Indonesia’s domestic the economic
diversification of their financing prospects for 2026 is expected to remain solid
despite global challenges. Bank Indonesia projects
portfolios. The development of national economic growth in the range of 4.9-5.7%,
the non-automotive segment is driven by sustained domestic consumption and
higher investment. Inflation is expected to stay
becoming an increasingly relevant
within the target range of 2.5%±1%, indicating the
source of growth, in line with effectiveness of monetary and macroprudential
rising public demand for financing policies in maintaining price stability and promoting
sustainable economic growth.
beyond the vehicle sector, both
for consumptive and productive
needs.
218 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Management
Discussion
and Analysis
According to the 2026 State Budget, Indonesia’s In terms of state revenue, the 2026 State Budget
Performance
economy is projected to expand by 5.4% (yoy) in 2026, anticipates IDR3,153.58 trillion in 2026, with Highlights
representing an increase from 5.11% (yoy) growth in IDR2,693.7 trillion in tax revenue and IDR459.2
2025. Inflation is expected to remain under control trillion in non-tax state revenue. State spending is
Opening
at 2.5%±1%, in line with Bank Indonesia’s target expected to reach IDR3,842.7 trillion, with IDR164.7
range, while the rupiah exchange rate is projected trillion set aside for food security, IDR402.4 trillion
to depreciate moderately to IDR16,500 per US dollar. for energy, IDR335 trillion for free nutritious meals Management
Report
(MBG), IDR769.1 trillion for education, IDR244 trillion
The State Budget for 2026 also assumes a 10-year for health, and IDR508.2 trillion for social protection.
government bond (SUN) interest rate of 6.9%, an In nominal terms, the budget deficit amounted to Corporate
Profile
Indonesian crude oil price of US$70 per barrel, and IDR689.14 trillion, equivalent to 2.68% of GDP.
crude oil and gas lifting of 610,000 barrels per day and
984,000 barrels of oil equivalent per day, respectively.
Corporate
Governance
Environmental
and Social
Responsibility
The following outlines the key macroeconomic assumptions underlying the 2026 State Budget:
Supporting
MACROECONOMIC ASSUMPTIONS Data
Indicator Draft State Budget 2026 State Budget 2026
Economic Growth (%, yoy) 5.2%-5.8% 5.4%
Inflation Rate (%, yoy) 1.5%-3.5% 2.5%
Exchange Rate (IDR/US$) 16,500 - 16,900 16,500
10-Year Government Bond (SUN) Yield (%) 6.6% - 7.2% 6.9
Indonesia’s Crude Oil Prices (US$/barrel) 60 - 80 70
Crude Oil Lifting (thousand barrel per day) 605 - 620 610
Natural Gas Lifting (thousand barrel oil equivalent per day) 953 - 1,017 984
Source: Indonesia Ministry of Finance
AUTOMOTIVE AND FINANCING INDUSTRY people’s daily mobility and the characteristics of its
In 2026, the national automotive industry larger market. However, a number of external factors,
is expected to face additional challenges as such as tax policies and economic developments,
purchasing power gradually recovers. Domestic must still be carefully monitored because they have
demand for four-wheeled vehicles is expected to the potential to affect motorcycle sales performance
remain low, particularly in the first half of the year, in 2026.
as consumers become more selective about their
vehicle purchases. The sustainability of government In 2026, the financing industry is projected to
incentive policies and financing support will be continue to present growth opportunities despite
critical in driving increased demand in this segment. persistent challenges, including fluctuations
Gaikindo predicts that car sales performance in 2026 in purchasing power and heightened industry
will be heavily influenced by a variety of external competition. These opportunities are supported
factors, including government policy direction, by finance companies’ capacity to adapt through
economic conditions, and banking sector dynamics. product innovation and diversification of financing
portfolios. The expansion of non-automotive
On the other hand, the two-wheeled vehicle segments is increasingly becoming a key driver
segment is expected to be more resilient. Growth in of growth, reflecting rising demand for financing
this segment is expected to be moderate, reflecting outside the vehicle sector, both for consumer and
its role as the primary mode of transportation for productive purposes.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 219
Page 222
Moreover, the continued development of the electric BUSINESS CONTINUITY INFORMATION
vehicle market is creating new growth prospects
for the financing industry. The growing adoption Potential Matters Impacting Business
of electric vehicles, supported by ecosystem Sustainability
development and government policies, offers Until the end of 2025, Adira Finance had not
financing potential that can be selectively captured. identified any factors or conditions that could have
Through a combination of product innovation, a significant impact on the Company’s long-term
strategic participation in the electric vehicle business continuity in the financing industry.
segment, and prudent risk management, the
financing industry is expected to sustain its growth Throughout 2025, Indonesia’s domestic economy
momentum throughout 2026. faced a number of challenges that had a direct
impact on consumers’ purchasing power. One factor
ADIRA FINANCE BUSINESS STRATEGY IN 2026 limiting household consumption was relatively
Looking ahead to 2026, Adira Finance has set low income growth in comparison to rising basic
up a number of strategies and policies aimed at necessity prices. This situation was made worse by
sustaining and enhancing business performance, the drop in prices of several key commodities, which
including the following: impacted the incomes of people in regions reliant on
• Adira Finance will continue to optimize its natural resource-based industries.
penetration in the automotive market through
product diversification and the implementation In addition, labor market dynamics were also a
of attractive sales programs for custumers, while concern, along with the increasing number of layoffs
reinforcing relationships with dealer partners and rising unemployment rates in several industrial
and enhancing collaboration within the MUFG sectors. These income pressures and uncertain
Group to support the growth of the automotive employment conditions prompted people to be
ecosystem. more cautious when making medium and long-
• The Company expands its presence in non- term consumption decisions, such as buying a car.
automotive financing by continuously diversifying
its product portfolio to support business growth, In these circumstances, fiscal policies such as the
including, among others, multipurpose financing implementation of regional tax options and tax
(Solusi Dana) and heavy equipment financing. adjustments for specific goods had the potential
• Adira Finance focuses on improving customer to influence motor vehicle sales prices. This
retention through the introduction of loyalty and combination of factors created unique challenges for
referral programs, as well as needs-based cross- the automotive and financing industries, which are
selling to existing customers, thereby enhancing directly linked to consumption levels and purchasing
the overall customer experience to support the power, as well as Adira Finance’s business ecosystem.
Company’s financing growth.
• Adira Finance continues to advance digitalization Facing these challenges, Adira Finance remains
initiatives within the Company and its broader committed to implementing a selective and
ecosystem to enhance business efficiency and prudent financing distribution strategy, focusing
effectiveness, while also investing in digital on quality financing growth and adhering to strong
business platforms (Adiraku, Mantis, Danadira, and prudent risk-management principles. In line
momobil.id, momotor.id, moservice.id, and with this, the Company is diversifying its financing
dicicilaja.com). portfolio by strengthening the non-automotive
• The Company remains focused on managing segment in order to meet rising public funding
asset quality to maintain a manageable non- demands despite declining purchasing power.
performing financing (NPF) ratio through the
implementation of prudent risk management
practices.
• Adira Finance also continues to ensure adequate
liquidity to support its business and fulfill all
financial obligations.
220 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Management
Discussion
and Analysis
Non-automotive financing, particularly products Adira Finance has also successfully maintained its
Performance
that support cash needs, is being developed highest domestic credit rating, idAAA (Triple A; Stable Highlights
gradually to assist the public in meeting a variety Outlook) from Pefindo, as well as investment-grade
of financial needs while maintaining the quality ratings from international rating agencies, including
Opening
of its financing portfolio. This step demonstrates Moody’s Baa1/stable and Fitch Ratings’ BBB. These
Adira Finance’s commitment to ensuring long-term ratings strengthen market confidence and increase
business sustainability in the face of ever-changing the Company’s ability to access various funding Management
Report
economic conditions. sources, both domestically and internationally.
Management Assessment In Managing In line with the ongoing digital transformation, Adira Corporate
Profile
Potential Risks Affecting Business Sustainability Finance is committed to developing information
Adira Finance conducts regular and comprehensive technology and digital innovation to support its
evaluations of its strategic plan, assessing the business expansion. The use of Artificial Intelligence
Corporate
Governance
Company’s ability to meet performance targets (AI) and Machine Learning (ML) technologies is
and maintain business sustainability. As of fiscal constantly optimized in various business processes
Environmental
year 2025, the evaluation results show no risks that to improve operational efficiency, strengthen and Social
Responsibility
could materially impact the Company’s business risk analysis, and provide services that are more
sustainability. adaptable to changing consumer behavior, which is
Supporting
increasingly digital. This step is also a crucial strategy Data
As part of its commitment to transparency and good for maintaining the Company’s competitiveness in
governance, Adira Finance consistently prepares the face of increasing competition in the financing
and presents financial reports that adhere to the industry.
most recent Financial Accounting Standards and
sustainability principles, providing an objective MANAGEMENT’S ASSUMPTIONS USED IN THE
picture of the Company’s financial condition and ASSESSMENT
performance. Based on the Company’s performance Adira Finance recognized that a number of
achievements in 2025 and its solid track record, factors influence the Company’s management
Management believes that its business sustainability assessment in managing risks that may affect
prospects remain strong. its business operations and sustainability. These
factors or assumptions encompass global and
Adira Finance, one of Indonesia’s leading finance domestic macroeconomic developments, the
companies with a proven track record and a reliable state of the financing industry, operational and
reputation, is confident in its ability to maintain financial performance, liquidity and solvency levels,
business sustainability in the face of industry changes. governance implementation, and the Company’s
The Company’s strategy of diversifying its financing ongoing legal issues.
portfolio into non-automotive segments has allowed
it to reduce concentration risk in the automotive
industry while also expanding its customer base and
strengthening the foundation for long-term growth.
In terms of funding, the Company maintains financial
stability by diversifying its funding sources. These
efforts include ongoing strategic collaboration with
its parent company, PT Bank Danamon Indonesia
Tbk, through joint financing initiatives, as well as
external funding via bank loans and bond issuance.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 221
Page 224
Page 225
04 GOOD CORPORATE GOVERNANCE
Page 226
Table of Contents Corporate Governance Report 220 Corporate Governance Structure of Adira Finance 222 Corporate Governance Policy 222 General Meeting of Shareholders 223 Sustainability Management 243 Board of Commissioners 246 Independent Commissioner 251 Meeting of The Board of Commissioners 254 Joint Meetings of the Board of Commissioners and Board of 256 Directors Board of Directors 258 Meeting of the Board of Directors 269 Management Contract 273 Executive Committee 273 Relationship between the Board of Commissioners and the 276 Board of Directors Diversity in the Composition of the Board of Commissioners 277 and Board of Directors Performance Assessment of the Board of Commissioners 278 and Board of Directors Remuneration for the Board of Commissioners, Board 281 of Directors and Committees Under the Board of Commissioners Audit Committee Report 285 Risk Monitoring Committee Report 292 Nomination and Remuneration Committee 297 Corporate Governance Committee 302 Corporate Secretary 306 Internal Audit 308 Compliance Function 313 Internal Control System 315 Public Accountant 319 Risk Management 321 Procurement of Goods and Services 343 Dividend Policy 344 Provision of Funds for Related Parties 344 Provision of Funds for Social and Political Activities 344 Contribution to the Country 345 Policy on the Rights of Creditors 345 Customer/Consumer Protection Policy 346 Corporate Ethics 348 Conflict of Interest Management and Relationships with 350 Related Parties Prevention of Insider Transactions 351 Gratuity Control 351 Anti-Corruption Policy 352 Fraud Control 354 Company Legal Issues 358 Administrative Sanctions from Regulators 364 Access to Company Information and Data 365 Corporate Governance Assessment 365 Report of Sharia Governance 370
Page 227
Corporate
Governance
Performance
Highlights
Opening
Management
Report
Corporate
Profile
Management
Discussion
and Analysis
Environmental
and Social
Responsibility
Supporting
Data
CORPORATE GOVERNANCE REPORT
Adira Finance remains firmly COMMITMENT TO THE IMPLEMENTATION OF GCG/
CORPORATE GOVERNANCE
committed to consistently
Adira Finance positions the implementation of
implementing the principles of GCG as the primary foundation underpinning all
Good Corporate Governance (GCG) business activities and strategic decision-making
processes. This commitment is embodied through
as one of the fundamental pillars the transformation of its core value of TARIF into
in achieving sustainable growth four pillars known as ETAK (Ethical Conduct,
Transparency, Accountability, and Sustainability),
and maintaining the trust of all reflecting recent developments within the corporate
stakeholders. business environment.
For Adira Finance, the implementation of GCG goes
beyond mere compliance with prevailing laws and
regulations. It constitutes an integral part of the
Company’s efforts to foster sound, sustainable,
and highly competitive business growth. Through
robust governance practices, the Company is
able to preserve stakeholder trust, strengthen its
organizational foundation, and enhance integrity
across all operational lines.
In addition, Adira Finance continuously refines its
governance policies, procedures, and mechanisms
in alignment with the evolving dynamics of the
financial services industry, regulatory developments,
and GCG best practices. All corporate organs,
including the Board of Commissioners, the Board of
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 225
Page 228
Directors, and all employees, actively contribute to ensuring the effective implementation of GCG and the
creation of added value for long-term business sustainability. With a strong commitment to GCG, Adira Finance
is confident in its ability to navigate various business challenges through professional, adaptive, and high-
integrity governance practices.
In its implementation, Adira Finance has established various governance policies, including the Corporate
Governance Manual, Code of Conduct, Charters of the Board of Commissioners, the Board of Directors, and
the Committees under the Board of Commissioners, as well as the Internal Audit Charter and other relevant
guidelines to ensure the application of Good Corporate Governance principles at every organizational level.
These policies are regularly reviewed and updated to ensure alignment with prevailing laws and regulations as
well as evolving best governance practices.
ADIRA FINANCE’S GCG IMPLEMENTATION STEPS
2004 • Adira Finance conducted its IPO;
• Adira Finance appointed a Corporate Secretary;
• Establishment of the Audit Committee;
• Establishment of the Risk Management Committee;
• Establishment of the Nomination Committee;
• Establishment of the Remuneration Committee;
• Majority of the Company’s shares were acquired by PT Bank Danamon Indonesia Tbk;
2005 • Merger of the Audit Committee and the Risk Management Committee into the Audit & Risk Management
Committee;
• Merger of the Remuneration Committee and the Nomination Committee;
2006 Adira Finance issued the Corporate Governance Guidelines;
2008 • Charter and Work Guidelines for the Board of Commissioners;
• Charter and Work Guidelines for the Nomination and Remuneration Committee;
2011 • Separation of the Audit & Risk Management Committee into the Audit Committee and the Risk Management
Committee;
• Ratification of the Charter and Work Guidelines for the Audit Committee;
2012 • Establishment of the Corporate Governance Committee;
• Implementation of the ASEAN CG Scorecard;
2014 Implementation of the provisions of OJK Regulation No. 30/POJK.05/2014 concerning the Implementation of
Good Corporate Governance Principles for Financing Companies;
2015 • Revision of the Corporate Governance Guidelines;
• Implementation of the provisions of OJK Circular Letter No. 32/SEOJK.04/2015;
2016 • Revision of the Charter and Work Guidelines for the Board of Commissioners;
• Revision of the Charter and Work Guidelines for the Board of Directors;
• Revision of the Charter and Work Guidelines for the Audit Committee;
2017 Revision of the Corporate Governance Guidelines;
2020 • Implementation of the provisions of OJK Regulation No. 29/POJK.05/2020 concerning Amendments to OJK
Regulation No. 30/POJK.05/2014 concerning the Implementation of Good Corporate Governance Principles for
Financing Companies;
• Revision of the Guidelines for the Implementation of the Anti-Money Laundering and Counter-Terrorism
Financing Program;
• Revision of the Internal Audit Charter;
2021 • Revision of the Charter and Work Guidelines for the Board of Commissioners;
• Revision of the Charter and Work Guidelines for the Board of Directors;
• Revision of the Charter and Work Guidelines for the Audit Committee;
• Revision of the Charter and Work Guidelines for the Risk Monitoring Committee;
• Revision of the Charter and Work Guidelines for the Nomination and Remuneration Committee;
2022 • The Company issued the MRTI (Technology & Information Risk Management) guidelines;
• Revision of the Risk Management Implementation Guidelines;
• Revision of the Corporate Governance Guidelines;
2023 • Adjustment of the Guidelines for the Implementation of the Anti-Money Laundering, Counter-Terrorism
Financing, and Counter-Proliferation Financing of Weapons of Mass Destruction Program;
• The Company received the Top 50 Mid-Cap PLCs award from the Indonesia Institute for Corporate
Directorship (IICD) at “The 14th IICD Corporate Governance Awards 2023”;
2024 • The Company issued the Technology and Information Security Risk Management Policy;
• ISO 37001:2016 certification for the Anti-Bribery Management System (SMAP) in the Procurement Division;
• The Company issued the Anti-Bribery and Corruption (ABC) Policy;
• Revision of the Risk Management Implementation Guidelines.
2025 • The merger of PT Mandala Multifinance Tbk into PT Adira Dinamika Multi Finance Tbk has become effective.
• Revision of Risk Management Implementation Guidelines.
• The Company established a financing policy for financing products.
• The Company established Guidelines for Restructuring Financing Receivables/Productive Assets.
• The Company received a score of 95.84 (“Very Good”) for its corporate governance implementation based on
the ASEAN CG Scorecard.
226 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 229
Corporate
Governance
STAGES OF IMPLEMENTING CORPORATE GOVERNANCE PRINCIPLES
Performance
Adira Finance actively implements corporate governance principles through the following stages: Highlights
Preparation Stage Implementation Stage Evaluation Stage
a. Conducting initial outreach; a. Disseminating guidelines; a. Conducting an independent Opening
b. Mapping the implementation of b. Implementation; assessment; and/or
Corporate Governance; c. Internalization. b. Assessment by an independent
c. Developing guidelines. party. Management
Report
ADIRA FINANCE CORPORATE GOVERNANCE STRUCTURE [GRI 2-9]
Corporate
Adira Finance has established a Corporate Governance structure that complies with applicable laws and Profile
regulations, including but not limited to Law Number 40 of 2007 concerning Limited Liability Companies. Adira
Finance’s Corporate Governance Structure is as follows: Management
Discussion
and Analysis
Main Organ
Environmental
General Meeting of and Social
Responsibility
Shareholders
Supporting
Data
Sharia Supervisory Board of
Board of Directors
Board Commissioners
Credit Committee Audit Committee
Risk Management Committee Risk Monitoring Committee
Nomination & Remuneration
Asset & Liability Committee (ALCO)
Committee
Information Technology Steering
Corporate Governance Committee
Committee
Internal Audit Unit
Compliance & AML-CFT Unit
Supporting Organ
CORPORATE GOVERNANCE POLICIES
Adira Finance has established a comprehensive set of policies as the foundational framework for its operations
and decision-making processes, ensuring the consistent and effective implementation of Good Corporate
Governance (GCG) principles across the organization. These policies include the Corporate Governance
Guidelines, Code of Conduct, Charters for the Board of Commissioners, Board of Directors, and Committees
under the Board of Commissioners, Internal Audit Guidelines, and various other guidelines. All of these policies
are evaluated periodically to ensure their alignment with regulatory developments and the implementation of
corporate governance best practices in Indonesia. All of these policies have also been published through the
Company’s website.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 227
Page 230
Adira Finance Corporate Governance Policy Structure
Corporate Governance
Charter
Corporate Governance
Management
Charter & Work Code of Ethic
Policy
Guidelines
Systems & Procedures
INTERNALIZATION OF CORPORATE consistently reiterates the corporate culture,
GOVERNANCE POLICIES including the principles of GCG at Adira Finance.
Adira Finance views the implementation of GCG The explanation is generally also delivered in the
principles as a crucial foundation for building a form of actual examples experienced directly by
strong and integrity-driven corporate culture. each member of the Board of Directors.
These principles are not only intended to be • In every Company Annual Report, the GCG
understood by the leadership and employees but implementation report is one of the sections that
are also internalized as shared values that reflect receives primary attention from the Company.
the character of all Adira Finance stakeholders. To This section typically gets the largest portion in
achieve this, management designs various GCG terms of the number of pages. This is intended
internalization programs implemented through, so that, in addition to being a manifestation
among others: of the Company’s transparency principle,
• Ensuring that every Company Regulation every stakeholder such as shareholders,
book always includes the Company’s code of investors, business partners, and other external
ethics, which is also part of the GCG principles stakeholders can understand the GCG principles
implemented by Adira Finance. This is important that have been implemented by Adira Finance.
because the Adira Finance Company Regulation
book is always distributed to all leaders and GENERAL MEETING OF SHAREHOLDERS
employees of Adira Finance (including when The General Meeting of Shareholders (GMS) holds
there are updates or changes). the role as the highest organ of the Company,
• Adira Finance’s GCG principles are one of the authorized to make strategic decisions, including
materials presented to every new Adira Finance approving amendments to the Articles of
employee. As is known, every new Adira Finance Association, appointing and dismissing members of
employee is required to participate in the “New the Board of Commissioners and Board of Directors,
Employee Orientation or OKB” program. This approving the annual report, appointing external
program is designed to introduce Adira Finance auditors, determining the use of net profits, and
to every new employee so they understand other authorities in accordance with the provisions
all aspects of Adira Finance, including, among of laws and regulations and the Company’s Articles
others, the history of Adira Finance, vision and of Association.
mission, culture, code of ethics, and so forth.
• The Company’s Board of Directors periodically In order to encourage the attendance rate of
has a program to go directly to the Company’s shareholders, the Company:
business networks, where in this activity the 1. Submits announcements and invitations for
Directors provide opportunities for employees the GMS through the Stock Exchange website,
at the middle and lower levels to communicate the Company’s website, and the website of the
directly with top leaders at Adira Finance. In this Depository and Settlement Institution or e-GMS
program, the Adira Finance Board of Directors provider;
228 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 231
Corporate
Governance
2. Organizes GMS in a hybrid manner;
Performance
3. Selects a GMS venue location that has easy access to transportation, both public and private; Highlights
4. Provides facilities that can be used by shareholders to participate in the GMS properly and comfortably,
including, among others, a good and comfortable meeting room, meeting materials in accordance with
Opening
applicable regulations, and so forth; and
5. Provides a proxy form format on the Company’s website if the relevant shareholder cannot attend in person.
Management
Report
The attendance rate of shareholders at the annual gms from 2021 to 2025 is as follows:
Year 2021 2022 2023 2024 2025 Corporate
Profile
Number of shareholders in attendance 928,092,609 922,193,178 933,231,307 932,104,743 932,115,862
shares shares shares shares shares
Percent of attendance (%) 92.81 92.22 93.32 93.21 93.21 Management
Discussion
and Analysis
Adira Finance GMS Implementation in 2025
Environmental
In 2025, Adira Finance held its AGMS on March 25, 2025, and an EGMS on June 30, 2025, in a hybrid format and Social
Responsibility
(electronically via e-GMS and physically). All attendees, both those participating in the e-GMS and those
physically present, were able to follow the GMS proceedings and participate actively. The resolutions of the
Supporting
AGMS and EGMS have been reported to the OJK and announced on the Company’s website (www.adira.co.id) Data
and the Indonesia Stock Exchange (IDX) website (www.idx.co.id).
Annual GMS on March 25, 2025
Adira Finance’s Annual GMS on March 25, 2025, was held in a hybrid format (electronically using the Electronic
GMS Implementation Application or eASY.KSEI from PT Kustodian Sentral Efek Indonesia, and physically at
Hall ADIRA, Millennium Centennial Center Building, 60th Floor, Jl. Jend. Sudirman Kav. 25, Jakarta 12920, with
due observance of POJK No. 15/POJK.04/2020 concerning the Plan and Implementation of General Meetings
of Shareholders of Public Companies (“POJK No.15/POJK.04/2020”), POJK No. 16/POJK.04/2020 concerning
the Electronic Implementation of General Meetings of Shareholders of Public Companies (“POJK No.16/
POJK.04/2020”), and the provisions of the Company’s Articles of Association.
The process of implementing the Annual GMS:
Provisions Implementation
Notification of GMS Plan to OJK
OJK Regulation No. 15/POJK.04/2020 requires that the The Notification of the GMS Plan was submitted to
agenda of the GMS must be submitted to the OJK no later the OJK on February 7, 2025, or 5 working days before
than 5 working days before the Announcement of the GMS the Announcement of the GMS was advertised by the
plan is advertised by the Company, excluding the GMS Company, along with the agenda of the GMS.
announcement date.
Announcement of GMS Plan
The Company Law, OJK Regulation No. 15/POJK.04/2020, The announcement of the GMS was delivered on February
and the Company's Articles of Association require that the 14, 2025, or 14 calendar days prior to the date of the GMS
announcement of the planned GMS be made 14 calendar Invitation advertisement, excluding the Announcement/
days prior to the GMS Notice, excluding the Announcement Notification date and the Invitation date, through:
Date and the Notice Date.
a. the Indonesia Stock Exchange website;
Furthermore, OJK Regulation No. 15/POJK.04/2020 b. the KSEI website as the provider of e-GMS; and
stipulates that the announcement must be made through: c. the Company's website (www.adira.co.id) in Indonesian
a. the e-GMS Provider's website; and English.
b. the Stock Exchange website;
c. and the Public Company's website, in Indonesian and
a foreign language, provided that the foreign language
used is at least English.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 229
Page 232
Provisions Implementation
GMS Invitation
The Company Law (UUPT) and the Company's Articles of The Company issued a notice for the GMS on March 3, 2025,
Association in effect at the time the GMS is held stipulate or 21 calendar days prior to the GMS date, excluding the
that the GMS Invitation is made within a period of 14 days date of the notice and the date of the GMS. The notice was
prior to the GMS being held, whereas OJK Regulation No. provided through:
15/POJK.04/2020 stipulates that the GMS Invitation is made a. the Indonesia Stock Exchange website;
within a period of no later than 21 days prior to the date the b. the KSEI website; and
GMS is held, excluding the date of the invitation and the c. the Company's website (www.adira.co.id) in both
date of the GMS. Indonesian and English.
Furthermore, OJK Regulation No. 32/POJK.04/2014 also
stipulates that the Invitation must be made through:
a. The e-GMS Provider's website;
b. The Stock Exchange website;
c. And the Public Company's website, in Indonesian and
a foreign language, with the provision that the foreign
language used is at least English.
OJK Regulation No. 15/POJK.04/2020 also stipulates that the The Invitation contains:
Notice must contain at least the following information: a. Date of the meeting: March 25, 2025;
a. Date of the meeting; b. Time of the meeting: 10:00 a.m. Western Indonesian
b. Time of the meeting; Time
c. Venue; c. Venue: ADIRA Hall, Millenium Centennial Center
d. Provisions regarding shareholders entitled to attend; Building, 60th Floor, Jl. Jend. Sudirman Kav. 25, Jakarta
e. Meeting agenda items, including an explanation of each 12920;
item; and d. Shareholders entitled to attend are those registered in
f. Information stating that materials related to the meeting the Company's Shareholder Register or registered with
agenda are available to shareholders from the date of the Indonesian Central Securities Depository (KSEI) on
the notice for the GMS until the GMS is held. February 28, 2025; and
e. Meeting agenda items, including explanations for each
item. There are seven meeting agenda items and their
explanations.
Information stating that materials related to the meeting
agenda are available to shareholders at Adira Finance's
Head Office from the date of the notice for the GMS until
the GMS is held.
Implementation of the GMS
The Company Law, OJK Regulation No. 15/POJK.04/2020 The Annual GMS was held on March 25, 2025, at the ADIRA
and the Company's Articles of Association require that the Hall, Millenium Centennial Center Building, 60th Floor,
GMS be held at the Company's domicile or at the place Jl. Jend. Sudirman Kav.25 Jakarta 12920.
where the Company conducts its main business activities
as determined in the articles of association or at the stock
exchange where the Company's shares are listed. The
domicile of the Company's head office is in South Jakarta.
Notification of Minutes of GMS Results
OJK Regulation No. 15/POJK.04/2020 requires that the On March 26, 2025 or 1 working day after the GMS was
Announcement of the Minutes of the GMS must be held, the results of the GMS were reported to the OJK and
announced to the public no later than 2 working days after published on the Company's website and the website of the
the GMS is held and proof of the announcement must Indonesia Stock Exchange in Indonesian and English.
be submitted to the OJK no later than 2 days after the
announcement.
230 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Corporate
Governance
Attendance of The Board of Commissioners, Board of Directors, Committee and Sharia Supervisory Board in
Performance
The Annual GMS on March 25, 2025: Highlights
Name Jabatan Attendance
Board of Commissioners Opening
Daisuke Ejima President Commissioner Physically Present
Krisna Wijaya Independent Commissioner Physically Present Management
Report
Manggi Taruna Habir Independent Commissioner Physically Present
Congsin Congcar Commissioner Hadir Zoom Webinar Corporate
Profile
Hafid Hadeli Commissioner Not Present
Board of Directors Management
Discussion
and Analysis
I Dewa Made Susila President Director Physically Present
Swandajani Gunadi Director Physically Present
Environmental
Niko Kurniawan Bonggowarsito Director Physically Present and Social
Responsibility
Harry Latif Director Physically Present
Denny Riza Farib Director Physically Present Supporting
Data
Sigit Hendra Gunawan Director Physically Present
Sylvanus Gani Kukuh Mendrofa Director Physically Present
Takanori Mizuno Director Physically Present
Audit Committee
Manggi Taruna Habir Chairman Physically Present
Jusuf Sukiman Member Physically Present
Restiana Ie Tjoe Linggadjaya Member Physically Present
Risk Monitoring Committee
Krisna Wijaya Chairman Physically Present
Manggi Taruna Habir Member Physically Present
Rio Erriad Member Attend Zoom Webinar
Governance Committee
Krisna Wijaya Chairman Physically Present
Diyah Sasanti Retnaning Member Attend Zoom Webinar
Sharia Supervisory Board
Prof. Dr. H. Faturrachman Djamil, M.A. Chairman Attend Zoom Webinar
Prof. Dr. DRS. H. Noor Achmad, M.A., Member Attend Zoom Webinar
DRS
Dr. Rini Fatma Kartika M.H. Member Attend Zoom Webinar
Decision-Making Mechanism
At the 2025 Annual General Meeting of Shareholders (AGMS), the meeting was chaired by Krisna Wijaya
(Independent Commissioner of the Company), who was appointed by the Board of Commissioners to lead the
GMS. The GMS Chairperson read out the GMS rules of procedure. The GMS Chairperson provided an opportunity
for shareholders or their proxies to ask questions on each meeting agenda item. The meeting chairperson and/
or designated member of the Board of Directors provided explanations or responses to each question. After all
questions were answered, a vote was held, with only shareholders or their authorized proxies eligible to vote.
Each share entitles the holder to cast one vote.
Independent Vote Counting Party
To count the votes for each agenda item at the Annual General Meeting of Shareholders, the Company
appointed Notary Mala Mukti S.H., LL.M. and PT Adimitra Jasa Korpora to count and validate the votes.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 231
Page 234
Results of the Annual GMS on March 25, 2025
Annual GMS Resolutions and their Implementation:
Amount
Resolution Realization
Agree Abstain Disagree
First Agenda of the Meeting
1. Approve the Company's annual report for the financial 932,108,662 7,200 - The GMS approval has
year ending December 31, 2024; shares or shares or been stated in the Deed
2. Ratify the Company's financial statements for the 99.99922% 0.00077% of MINUTES OF AGMS
financial year ending December 31, 2024, audited by the No. 126 dated March
Public Accounting Firm of Liana Ramon Xenia & Rekan 25, 2025, made before
(a member firm of Deloitte Southeast Asia Limited), as Notary Mala Mukti, S.H.,
set out in the Independent Auditor's Report Number LL.M.
00010/2.1460/AU.1/09/0849-3/1/II/2025 dated February 13,
2025, with an unmodified opinion;
3. Ratify the annual supervisory report of the Company's
Board of Commissioners for the financial year ending
December 31, 2024; and
4. Grant full release and discharge ("volledig acquit et
décharge") to: (i) the Company's Board of Directors in
carrying out their duties and responsibilities for the
management and representation of the Company; (ii)
The Company's Board of Commissioners in carrying
out its supervisory duties and responsibilities as well
as its duties and responsibilities in providing advice
to the Company's Board of Directors, assisting the
Company's Board of Directors, and providing approval
to the Company's Board of Directors; and (iii) the Sharia
Supervisory Board in carrying out its supervisory duties
and responsibilities regarding the sharia aspects of the
Company's business activities in accordance with Sharia
Principles and providing advice and suggestions to the
Company's Board of Directors, which are carried out in the
financial year ending on December 31, 2024, as long as
the implementation of these duties and responsibilities is
reflected in the Company's annual report for the financial
year ending on December 31, 2024.
Second Agenda of the Meeting
Approved the use of the Company's net profit for the 2024 932,108,662 7,200 - • approximately 1%
financial year amounting to IDR1,406,681,963,564.00 (one shares or shares or (one percent) of the
trillion four hundred six billion six hundred eighty-one million 99.99922% 0.00077% Company's net profit
nine hundred sixty-three thousand five hundred sixty-four or IDR14,066,819,636.00
rupiah) with the following details: (fourteen billion
1. Approximately 1% (one percent) of the Company's sixty-six million eight
net profit, or IDR14,066,819,636.00 (fourteen billion hundred nineteen
sixty-six million eight hundred nineteen thousand six thousand six hundred
hundred thirty-six rupiah), will be set aside as a Reserve and thirty-six rupiah)
Fund, bringing the Company's total Reserve Fund to is set aside as a
IDR256,644,771,204.00 (two hundred fifty-six billion six Reserve Fund, so that
hundred forty-four million seven hundred seventy-one the Company's total
thousand two hundred and four rupiah); Reserve Fund becomes
2. Approximately 50% (fifty percent) of the Company's net IDR256,644,771,204.00
profit of IDR 703,000,000,000.00 (seven hundred three (two hundred fifty-six
billion rupiah) or IDR 703.00 (seven hundred three rupiah) billion six hundred
per share, will be paid as dividends for the 2024 financial and forty-four million
year, with the following provisions: seven hundred and
a. Dividends will be paid to shareholders whose names seventy-one thousand
are registered in the Shareholder Register on April 15, two hundred and four
2025, at 4:00 PM Western Indonesian Time (hereinafter rupiah);
referred to as the "Recording Date") and will be paid on • dividend payment
April 25, 2025 (hereinafter referred to as the "Payment which is 50% (fifty
Date"); percent) of the
b. The Board of Directors will deduct dividend tax from Company's net profit of
the 2024 financial year dividends in accordance with IDR703,000,000,000.00
applicable tax regulations for shareholders; (seven hundred and
c. The Board of Directors is hereby granted the power and three billion rupiah)
authority to determine matters concerning or related to or IDR703.00 (seven
the implementation of dividend payments for the 2024 hundred and three
financial year; rupiah) per share, paid
3. The remaining net profit of the Company for the 2024 as dividends for the
financial year whose use has not been determined, namely 2024 on April 25, 2025.
IDR 689,615,143,928 (six hundred eighty-nine billion six
hundred fifteen million one hundred forty-three thousand
nine hundred and twenty-eight rupiah) is recorded as the
Company's Retained Earnings.
232 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 235
Corporate
Governance
Amount
Resolution Realization Performance
Highlights
Agree Abstain Disagree
Third Agenda of the Meeting
Opening
1. Appoint Elisabeth Imelda, as Public Accountant, and 932,108,662 7,200 - Elisabeth Imelda as
Liana Ramon Xenia & Rekan (a member firm of Deloitte shares shares Public Accountant
Southeast Asia Limited) as a Public Accounting Firm (99.99922%) (0.00077%) and Imelda & Rekan (a
registered with the Financial Services Authority, to conduct member firm of Deloitte Management
an audit/examination of the Company's books and records Asia Pacific and the Report
for the 2025 financial year. Deloitte Global Network)
2. Grant power and authority to the Board of Commissioners as a Public Accounting
to: Firm registered with Corporate
Profile
a. determine the honorarium and other requirements the Financial Services
related to the appointment of the Public Accountant Authority, audited the
and Public Accounting Firm; and Company's Financial
b. appoint a replacement Public Accounting Firm and/or Statements for the 2025 Management
Discussion
Public Accountant in the event that Liana Ramon Xenia Financial Year and Analysis
& Rekan (a member firm of Deloitte Southeast Asia
Limited) and/or Public Accountant Elisabeth Imelda
are unable, for whatever reason, to complete the audit
Environmental
of the Company's Financial Statements for the 2025 and Social
Responsibility
financial year.
Fourth Agenda of the Meeting
Supporting
1. a. Determine the amount of bonuses to be distributed to 932,108,662 7,200 - 1) The distribution of Data
members of the Company's Board of Directors for the shares or shares or salaries, allowances,
2024 financial year at IDR21,759,968,000.00 (twenty-one 99.99922% 0.00077% and bonuses for
billion seven hundred fifty-nine million nine hundred members of the
sixty-eight thousand rupiah) including tax; Company's Board
b. Determine the salaries and allowances of all members of Directors is in
of the Company's Board of Directors for the 2025 accordance with
financial year at IDR52,336,294,477.00 (fifty-two billion the resolutions of
three hundred thirty-six million two hundred ninety- the GMS and the
four thousand four hundred seventy-seven rupiah) recommendations
including tax; and of the Nomination
c. Authorize the Company's President Commissioner to and Remuneration
determine the distribution of salaries and allowances, Committee on March
as well as the distribution of bonuses, for each member 12, 2025.
of the Company's Board of Directors based on the 2) The distribution
recommendation of the Nomination and Remuneration of salaries or
Committee Number 005/ADMF/KNR/III/25, dated March honorariums,
12, 2025. allowances, and
2. a. Determining the amount of bonuses to be distributed bonuses for all
to the Company's Board of Commissioners for the 2024 members of the
financial year at IDR1,097,857,143.00 (one billion ninety- Company's Board
seven million eight hundred fifty-seven thousand one of Commissioners is
hundred and forty-three rupiah) inclusive of tax; in accordance with
b. Determining the amount of salaries or honorariums the resolutions of
and allowances for all members of the Company's the GMS and the
Board of Commissioners for the 2025 financial year at recommendations
IDR6,842,832,194.00 (six billion eight hundred forty- of the Nomination
two million eight hundred thirty-two thousand one and Remuneration
hundred and ninety-four rupiah) inclusive of tax; and Committee on March
c. Granting authority to the President Commissioner 12, 2025.
of the Company to determine the distribution of the 3) The distribution of
salary or honorarium, allowances, and bonuses for each salaries, honorariums,
member of the Company's Board of Commissioners and/or bonuses for
based on the recommendation of the Nomination and all members of the
Remuneration Committee Number 006/ADMF/KNR/ Company's Sharia
III/25, dated March 12, 2025. Supervisory Board is
3. Approving the delegation of authority to the Board of in accordance with
Commissioners to determine the salary or honorarium the resolutions of
and/or allowances for the 2025 financial year for each the GMS and the
member of the Company's Sharia Supervisory Board recommendations
based on the recommendation of the Nomination and of the Nomination
Remuneration Committee Number 007/ADMF/KNR/III/25, and Remuneration
dated March 12, 2025. Committee on March
12, 2025.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 233
Page 236
Amount
Resolution Realization
Agree Abstain Disagree
Fifth Agenda of the Meeting
1. a. Accepted the resignation of Eng Heng Nee Philip from 932,007,150 7,200 101,512 The composition of
his position as Commissioner of the Company, effective saham atau saham atau saham the Company's Board
as of the closing of the Meeting, with gratitude for his 99.98833% 0.00077% atau of Commissioners and
services to the Company; 0.01089% Board of Directors
b. Approved the retirement of Hafid Hadeli as following the Annual
Commissioner of the Company, effective as of the General Meeting of
closing of the Meeting, with gratitude for his services to Shareholders on March
the Company. 25, 2025, is as follows:
c. Approved the appointment of Honggo Widjojo
Kangmasto as the new Commissioner of the Company, Board of
effective as of the date of passing the Fit and Proper Commissioners
Test from the Financial Services Authority for his President
appointment as Commissioner of the Company, for the Commissioner: Daisuke
remainder of the term of office of the current members Ejima;
of the Board of Commissioners of the Company; and Independent
d. Approved the appointment of Ricky Gunawan as the Commissioner: Krisna
new Director of the Company, effective as of the date Wijaya;
of passing the Fit and Proper Test from the Financial Independent
Services Authority for his appointment as Director of Commissioner: Manggi
the Company, for the remainder of the term of office of Taruna Habir;
the current members of the Board of Directors of the Commissioner: Congsin
Company; Congcar;
Commissioner: Honggo
Therefore, the composition of the Company's Board of Widjojo Kangmasto*);
Commissioners and Board of Directors is as follows:
Board of Directors
Board of Commissioners President Director: I
President Commissioner: Daisuke Ejima; Dewa Made Susila;
Independent Commissioner: Krisna Wijaya; Director: Swandajani
Independent Commissioner: Manggi Taruna Habir; Gunadi;
Commissioner: Congsin Congcar; Director: Niko Kurniawan
Commissioner: Honggo Widjojo Kangmasto*); Bonggowarsito;
Director: Harry Latif;
Board of Directors Director: Denny Riza
President Director: I Dewa Made Susila; Farib;
Director: Swandajani Gunadi; Director: Sigit Hendra
Director: Niko Kurniawan Bonggowarsito; Gunawan;
Director: Harry Latif; Director: Sylvanus Gani
Director: Denny Riza Farib; Kukuh Mendrofa;
Director: Sigit Hendra Gunawan; Director: Takanori
Director: Sylvanus Gani Kukuh Mendrofa; Mizuno;
Director: Takanori Mizuno; Director: Ricky
Director: Ricky Gunawan*). Gunawan*).
*) Effective upon passing
*) Effective after passing the Fit and Proper Test from the Financial the Fit and Proper Test
Services Authority with a term of office that will expire at the close from the Financial
of the Annual General Meeting of Shareholders for the fiscal year Services Authority
ending December 31, 2026, to be held in 2027,8 without prejudice
to the right of the General Meeting of Shareholders to dismiss
them at any time; and
2. Authorizes the Company's Board of Directors to state the
decisions of the five agenda items of the Meeting in one
or more deed statements of meeting decisions drawn up
before a Notary, and to submit notification of changes to
the Company's data to the Minister of Law of the Republic
of Indonesia.
Sixth Agenda of the Meeting
1. Granting approval to the Company's Board of Directors 931,217,366 7,200 891,296 • The GMS approval
to conduct a Continuous Public Offering of Continuous shares or shares or shares or has been stated in
Bonds VII and Continuous Sukuk Mudharabah VI with a 99.90360% 0.00077% 0.09562% the Deed of AGMS
value of IDR 8,000,000,000,000.00 (eight trillion Rupiah) Minutes No. 126
and IDR 2,000,000,000,000.00 (two trillion Rupiah), dated March 25, 2025,
respectively; drawn up before
2. Authorizing the Company's Board of Directors to take Notary Mala Mukti,
all necessary actions in connection with the Continuous S.H., LL.M.
Public Offering of Bonds and Sukuk, including but not • The Continuous
limited to signing deeds before a Notary. Public Offering
of Bonds VII
and Continuous
Mudharabah Sukuk
VI received an
effective statement
from the Financial
Services Authority on
June 26, 2025.
234 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 237
Corporate
Governance
Meanwhile, in the Seventh agenda item, the Thus, the remaining Sukuk Mudharabah funds
Performance
following was reported: are IDR0 (zero rupiah) or have been fully utilized. Highlights
1. Adira Finance Phase III Continuous Bond VI 2024 The use of Sukuk Mudharabah funds is in
- Total Bond Public Offering Proceeds of accordance with the prospectus and has been
Opening
IDR1,600,000,000,000.00 (one trillion six reported by the Company to the Financial
hundred billion rupiah); Services Authority on May 31, 2024, through letter
- The cost of the public offering of bonds number 123/ADMF/V/24. Management
Report
was IDR 4,800,136,598.00 (four billion eight
hundred million one hundred thirty-six 3. Adira Finance Phase IV Continuous Bonds VI
Corporate
thousand five hundred ninety-eight rupiah); 2024 Profile
- Net proceeds amount to - Total proceeds from the public offering of
IDR1,595,199,863,402.00 (one trillion five bonds amounting to IDR2,000,000,000,000.00 Management
hundred ninety-five billion one hundred (two trillion rupiah); Discussion
and Analysis
ninety-nine million eight hundred sixty-three - Costs of the public offering of bonds
thousand four hundred two rupiah); amounting to IDR5,839,307,000.00 (five
Environmental
- The use of Bond Public Offering Proceeds billion eight hundred thirty-nine million three and Social
Responsibility
until May 31, 2024 is for motor vehicle hundred seven thousand rupiah);
consumer financing amounting to - Net proceeds amount to
Supporting
IDR1,595,199,863,402.00 (one trillion five IDR1,994,160,693,000.00 (one trillion nine Data
hundred ninety-five billion one hundred hundred ninety-four billion one hundred sixty
ninety-nine million eight hundred sixty-three million six hundred ninety-three thousand
thousand four hundred two rupiah); rupiah);
- Use of Proceeds from the Public Offering
Thus, the remaining Bond funds amount to IDR0 of Bonds until October 31, 2024, for motor
(zero rupiah), indicating that the funds have been vehicle consumer financing in the amount
fully utilized. of IDR1,994,160,693,000.00 (one trillion nine
The use of the Bond proceeds is in accordance hundred ninety-four billion one hundred sixty
with the prospectus and has been reported by the million six hundred ninety-three thousand
Company to the Financial Services Authority on rupiah);
May 31, 2024, through Letter No. 122/ADMF/V/24.
Thus, the remaining Bond funds are IDR0 (zero
2. Adira Finance Phase III Continuous Mudharabah rupiah) or have been fully utilized.
Sukuk 2024 The use of Bond funds is in accordance with
- Total Mudharabah Sukuk Public Offering the prospectus and has been reported by the
Amount of IDR400,000,000,000.00 (four Company to the Financial Services Authority on
hundred billion rupiah) October 31, 2024 through letter number 204/
- The cost of the public offering of Mudharabah ADMF/X/24.
Sukuk is IDR1,296,557,896.00 (one billion two
hundred ninety-six million five hundred fifty- Extraordinary GMS on June 30, 2025
seven thousand eight hundred ninety-six Adira Finance’s Extraordinary GMS on June 30, 2025,
rupiah); will be held in a hybrid format (electronically using
- Net proceeds amount to IDR398,703,442,104.00 the eASY.KSEI (electronic general meeting system)
(three hundred ninety-eight billion seven from PT Kustodian Sentral Efek Indonesia) and
hundred three million four hundred forty-two physically at the ADIRA Hall, Millenium Centennial
thousand one hundred four rupiah); Center Building, 60th Floor, Jl. Jend. Sudirman Kav.
- The use of Sukuk Mudharabah Public Offering 25, Jakarta 12920, in compliance with OJK Regulation
Proceeds until May 31, 2024 is for consumer No. 15/POJK.04/2020 concerning the Planning and
financing in connection with the Company's Implementation of General Meetings of Shareholders
business activities through Murabahah. The of Public Companies (“POJK No. 15/POJK.04/2020”),
amount is IDR398,703,442,104.00 (three OJK Regulation No. 16/POJK.04/2020 concerning
hundred ninety-eight billion seven hundred the Electronic Implementation of General Meetings
three million four hundred forty-two thousand of Shareholders of Public Companies (“POJK No. 16/
one hundred four rupiah); POJK.04/2020”), and the provisions of the Company’s
Articles of Association.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 235
Page 238
The Extraordinary GMS Process:
Provisions Implementation
Notification of GMS Plan to the OJK
OJK Regulation No. 15/POJK.04/2020 requires that the agenda Notification of the GMS Plan has been submitted to the OJK on
of the GMS must be submitted to the OJK no later than 5 May 14, 2025 or 5 working days before the GMS Announcement
working days before the Announcement of the GMS plan is was advertised by the Company along with the GMS agenda.
advertised by the Company, excluding the GMS announcement
date.
Announcement of GMS Plan
The Company Law, OJK Regulation No. 15/POJK.04/2020, The announcement of the GMS was delivered on May 21, 2025,
and the Company's Articles of Association require that the or 14 calendar days prior to the date of the GMS Invitation
announcement of the planned GMS be made 14 calendar days advertisement, excluding the Announcement/Notification date
prior to the GMS Notice, excluding the Announcement Date and and the Invitation date, through:
the Notice Date.
a. the Indonesia Stock Exchange website;
Furthermore, OJK Regulation No. 15/POJK.04/2020 stipulates b. the KSEI website as the provider of e-GMS; and
that the announcement must be made through: c. the Company's website (www.adira.co.id) in Indonesian and
a. the e-GMS Provider's website; English.
b. the Stock Exchange website;
c. and the Public Company's website, in Indonesian and a
foreign language, provided that the foreign language used is
at least English.
Summons for GMS
The Company Law and the Company's Articles of Association in The Company issued a notice for the GMS on June 5, 2025, or
effect at the time the GMS is held stipulate that the Notice for a 21 calendar days prior to the GMS date, excluding the date of
GMS must be issued 14 days before the GMS is held. Meanwhile, the notice and the date of the GMS. The notice was provided
OJK Regulation No. 15/POJK.04/2020 stipulates that the Notice through:
for a GMS must be issued no later than 21 days before the GMS is a. the Indonesia Stock Exchange website;
held, excluding the date of the notice and the date of the GMS. b. the KSEI website; and
c. the Company's website (www.adira.co.id) in both Indonesian
Furthermore, OJK Regulation No. 32/POJK.04/2014 also and English.
stipulates that the Notice must be issued through:
a. the e-GMS Provider's website;
b. the Stock Exchange website;
c. and the Public Company's website, in Indonesian and a
foreign language, provided that the foreign language used is
at least English.
OJK Regulation No. 15/POJK.04/2020 also stipulates that the The notice contains:
Notice must contain at least the following information: a. The date of the meeting is June 30, 2025;
a. Date of the GMS; b. The time of the meeting is 2:00 PM WIB (Western Indonesian
b. Time of the GMS; Time).
c. Venue; c. The venue is the Hall ADIRA, Millenium Centennial Center
d. Provisions regarding shareholders entitled to attend; Building, 60th Floor, Jl. Jend. Sudirman Kav. 25, Jakarta
e. Meeting agenda items, including explanations for each item; 12920;
and d. The shareholders entitled to attend are those registered in
f. Information stating that materials related to the meeting the Company's Shareholder Register or registered with the
agenda are available to shareholders from the date of the Indonesian Central Securities Depository (KSEI) on June 4,
notice for the GMS until the GMS is held. 2025; and
e. The meeting agenda, including an explanation of each item.
There are five meeting agenda items and their explanations.
Information stating that materials related to the meeting
agenda are available to shareholders at Adira Finance's Head
Office from the date of the notice for the GMS until the GMS is
held.
Implementation of the GMS
The Company Law, OJK Regulation No. 15/POJK.04/2020, and The Extraordinary GMS was held on June 30, 2025 at the PT
the Company's Articles of Association require that the GMS be Adira Dinamika Multi Finance Tbk Hall, Millenium Centennial
held at the Company's domicile or at the Company's primary Center Building, 60th Floor, Jl. Jend. Sudirman Kav.25 Jakarta
business location as specified in the articles of association, or at 12920.
the stock exchange where the Company's shares are listed. The
Company's head office is domiciled in South Jakarta.
Notification of Minutes of GMS Results
OJK Regulation No. 15/POJK.04/2020 requires that the On July 2, 2025, or two business days after the GMS, the
Announcement of the Minutes of the GMS be made public no GMS results were reported to the OJK and published on the
later than two business days after the GMS is held, and proof of Company's website and the Indonesia Stock Exchange website
the announcement must be submitted to the OJK no later than in both Indonesian and English.
two days after the announcement.
236 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 239
Corporate
Governance
Attendance Of The Board Of Commissioners, Board Of Directors, Committee And Sharia Supervisory Board In
Performance
Extraordinary GMS On June 30, 2025: Highlights
Name Position Attendance
Board of Commissioners Opening
Daisuke Ejima President Commissioner Physically Present
Krisna Wijaya Independent Commissioner Physically Present Management
Report
Manggi Taruna Habir Independent Commissioner Physically Present
Congsin Congcar Commissioner Attend via Zoom Webinar Corporate
Profile
Honggo Widjojo Kangmasto Commissioner Physically Present
Board of Directors Management
Discussion
and Analysis
I Dewa Made Susila President Director Physically Present
Swandajani Gunadi Director Physically Present
Environmental
Niko Kurniawan Bonggowarsito Director Physically Present and Social
Responsibility
Harry Latif Director Physically Present
Denny Riza Farib Director Physically Present Supporting
Data
Sigit Hendra Gunawan Director Physically Present
Sylvanus Gani Kukuh Mendrofa Director Physically Present
Takanori Mizuno Director Attend via Zoom Webinar
Ricky Gunawan Director Physically Present
Audit Committee
Manggi Taruna Habir Chairman Physically Present
Jusuf Sukiman Member Attend via Zoom Webinar
Restiana Ie Tjoe Linggadjaya Member Attend via Zoom Webinar
Risk Monitoring Committee
Krisna Wijaya Chairman Physically Present
Manggi Taruna Habir Member Physically Present
Rio Erriad Member Physically Present
Governance Committee
Krisna Wijaya Chairman Physically Present
Diyah Sasanti Retnaning Member Attend via Zoom Webinar
Sharia Supervisory Board
Prof. Dr. H. Faturrachman Djamil, M.A. Chairman Attend via Zoom Webinar
Prof. Dr. DRS. H. Noor Achmad, M.A., Member Attend via Zoom Webinar
DRS
Dr. Rini Fatma Kartika M.H. Member Attend via Zoom Webinar
Decision-Making Mechanism
At the 2025 Extraordinary General Meeting of Shareholders (EGMS), the meeting was chaired by Krisna Wijaya
(Independent Commissioner of the Company), who was appointed by the Board of Commissioners to lead the
GMS. The GMS Chairperson read out the GMS rules of procedure. The GMS Chairperson provided an opportunity
for shareholders or their proxies to ask questions on each meeting agenda item. The meeting chairperson and/
or designated member of the Board of Directors provided explanations or responses to each question. After all
questions were answered, a vote was held, with only shareholders or their authorized proxies eligible to vote.
Each share entitles the holder to cast one vote.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 237
Page 240
Independent Party as Vote Counter
To count the votes on each agenda item at the Extraordinary General Meeting of Shareholders, the Company
appointed Notary Mala Mukti S.H., LL.M. and PT Adimitra Jasa Korpora to count and validate the votes.
Results Of The Extraordinary GMS On June 30, 2025
Extraordinary GMS Resolutions And Its Implementation:
Number
Resolution Realization
In Favour Abstaint Against
First Agenda of the Meeting
1. Approved the merger between the Company and PT 921,640,311 48,000 11,492,900 The approval of the
Mandala Multifinance Tbk ("MFIN"), in accordance with the shares or shares or shares or GMS has been stated in
terms and conditions set forth in the Merger Plan, whereby 98.763237% 0.005144% 1.231583% the Deed of MINUTES
MFIN will act as the surviving company (the "Merger"), OF EGMS No. 113 dated
including: June 30, 2025 and
a. The Merger Plan, jointly prepared by the Board of Statement of Decision
Directors of the Company and MFIN, and approved by of EGMS No. 65 dated
the Board of Commissioners of the Company and MFIN, September 30, 2025
including all amendments thereto that have been made before Notary
announced and notified; Mala Mukti, S.H., LL.M.
b. The draft deed of merger, including all amendments
thereto, and other transaction documents relating to
the Merger.
2. Approved and granted power of attorney with the right
of substitution to the Board of Directors of the Company,
without exception, to take any and all necessary actions
in connection with the implementation of the merger as
referred to above, including but not limited to:
a. To carry out the necessary matters in accordance with
the terms and conditions as set out in the Merger Plan
and the draft deed of merger, based on the decision
of the First Meeting agenda item, including to state
the decision of the First Meeting agenda item in one
or more deed of meeting decision statements made
before a Notary, provide, obtain and/or receive any
information and/or documents, initial and/or sign any
documents, including any amendments, changes,
variations, and additions to the merger documents,
report and notify authorized parties/officials in
connection with the merger, determine the time for
the implementation of the Merger Deed and take all
necessary actions in connection with the Merger Plan
and the Merger Deed, obtain approval and/or receive
notification, including from the Minister of Law of the
Republic of Indonesia.
b. In the event of cancellation of the Merger plan, to
make an announcement regarding the cancellation
of the Merger plan and take all necessary actions in
accordance with the terms and conditions as referred
to in the Merger Plan and the Merger Deed between
the Company and MFIN.
Second Agenda of the Meeting
1. Approved the issuance of 235,803,109 (two hundred and 923,374,711 48,000 9,758,500 • The approval of
thirty-five million eight hundred and three thousand shares or shares or shares or the GMS has been
one hundred and nine) new shares with a nominal 98.949132% 0.005144% 1.045724% stated in the Deed
value of IDR. 100.00 (one hundred rupiah) per share to of Minutes of the
MFIN shareholders as a result of the Merger and further EGMS No. 113 dated
amended the provisions of Article 4 paragraph (2) of the June 30, 2025 and
Company's Articles of Association in connection with the the Statement of
increase in the Company's issued and paid-up capital from Resolutions of the
IDR. 100,000,000,000.00 (one hundred billion rupiah) to EGMS No. 65 dated
IDR. 123,580,310,900.00 (one hundred and twenty-three September 30, 2025
billion five hundred and eighty million three hundred and made before Notary
ten thousand nine hundred rupiah), which will be effective Mala Mukti, S.H., LL.M.
on the effective date of the Merger.
238 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 241
Corporate
Governance
Number
Resolution Realization Performance
Highlights
In Favour Abstaint Against
2. Approve and grant power of attorney with the right of • The addition to the
substitution, to the Company's Board of Directors to Issued and Fully Opening
carry out all necessary actions in connection with the Distributed Capital
amendment to Article 4 paragraph (2) of the Company's has been recorded
Articles of Association and the composition of the in the amount
Company's shareholders as a result of the Merger based of 1,235,803,109 Management
Report
on the decision of the Second Meeting agenda item, shares with a total
including to state the decision of the Second Meeting nominal value of
agenda item in one or more deed of meeting decision IDR123,580,310,900.00
statements made before a Notary, with due regard to the Corporate
Profile
provisions of the Company's Articles of Association and
applicable laws and regulations;
3. Ratify and approve all and every action taken by
the Company's Board of Directors and/or Board of Management
Discussion
Commissioners without any exceptions in connection with and Analysis
matters related to the amendment to Article 4 paragraph
(2) of the Company's Articles of Association and the
composition of the Company's shareholders as a result Environmental
of the Merger with due regard to the provisions of the and Social
Responsibility
Company's Articles of Association and applicable laws and
regulations.
Third Agenda of the Meeting Supporting
Data
1. Approved the reappointment of the members of the 923,350,611 72,100 9,758,500 The composition of
Board of Commissioners, Board of Directors, and Sharia shares shares shares the Company's Board
Supervisory Board of the Company as the Surviving (98.946550%) (0.007726%) (1.045724%) of Commissioners and
Company, effective on the effective date of the Merger Board of Directors on
and upon passing the competency and compliance test the effective date of the
by the Financial Services Authority (OJK). Their terms of Merger, namely October
office will expire at the close of the Company's Annual 1, 2025, is as follows:
General Meeting of Shareholders (AGMS) to be held in
2029, without prejudice to the right of the Company's GMS Board of
to dismiss them at any time: Commissioners
President
BOARD OF COMMISSIONERS Commissioner: Mr.
President Commissioner: Mr. Daisuke Ejima; Daisuke Ejima;
Independent Commissioner: Mr. Krisna Wijaya; Independent
Independent Commissioner: Mr. Manggi Taruna Habir; Commissioner: Mr.
Commissioner: Mr. Congsin Congcar; Krisna Wijaya;
Commissioner: Mr. Honggo Widjojo Kangmasto; Independent
Commissioner: Mr.
BOARD OF DIRECTORS Manggi Taruna Habir;
President Director: Mr. I Dewa Made Susila; Commissioner: Mr.
Director: Ms. Swandajani Gunadi; Congsin Congcar;
Director: Mr. Niko Kurniawan Bonggowarsito; Commissioner: Mr.
Director: Mr. Harry Latif; Honggo Widjojo
Director: Mr. Denny Riza Farib; Kangmasto;
Director: Mr. Sigit Hendra Gunawan;
Director: Mr. Sylvanus Gani Kukuh Mendrofa; Board of Directors
Director: Mr. Takanori Mizuno; President Director: Mr. I
Director: Mr. Ricky Gunawan Dewa Made Susila;
Director: Ms. Swandajani
SHARIA SUPERVISORY BOARD Gunadi;
Chairman: Mr. DR. H. FATHURRAHMAN DJAMIL (PROF. DR. Director: Mr.
H. FATHURRAHMAN DJAMIL, M.A.); Niko Kurniawan
Member: Mr. DR. H. NOOR ACHMAD, M.A., DRS. (PROF. DR. Bonggowarsito;
DRS. H. NOOR ACHMAD, M.A., DRS.) Director: Mr. Harry Latif;
Member: Mrs. RINI FATMA KARTIKA (DR. RINI FATMA Director: Mr. Denny Riza
KARTIKA, M.H.) Farib;
Director: Mr. Sigit
Hendra Gunawan;
Director: Mr. Sylvanus
Gani Kukuh Mendrofa;
Director: Mr. Ricky
Gunawan
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 239
Page 242
Number
Resolution Realization
In Favour Abstaint Against
2. Approved that in the event that the members of the Sharia Supervisory
Company’s Board of Directors, Board of Commissioners, Board
and Sharia Supervisory Board after the Merger are Chairman: Mr. DR. Prof.
subsequently declared not approved/declared to have Dr. H. Fathurrahman
failed the Capability and Compliance assessment DJAMIL (Prof. Dr. H.
conducted by the OJK, then the appointment of the Fathurrahman DJAMIL,
Company’s Board of Directors, Board of Commissioners, M.A.);
and Sharia Supervisory Board after the Merger is deemed Member: Mr. Dr. H. Noor
never to have been effective, and therefore the Company Achamad, M.A., DRS.
does not require the approval of the Company’s General (Prof. Dr. DRS. H. Noor
Meeting of Shareholders to cancel the appointments Achamad, M.A., DRS.)
previously made by the Company. Member: Mrs. Rini
Fatma Kartika (Dr. Rini
3. Granted power of attorney with the right of substitution Fatma Kartika, M.H.).
to the Company’s Board of Directors to carry out all
necessary actions in connection with the reappointment
of members of the Company’s Board of Directors, Board
of Commissioners, and Sharia Supervisory Board after the
Merger based on the decisions of the third agenda item
of the Meeting, including to state the decisions of the
third agenda item of the Meeting in one or more deed
of meeting decision statements made before a Notary,
submitting notification of changes to the Company’s data
to the Minister of Law of the Republic of Indonesia.
Fourth Agenda of the Meeting
1. Approved the change in the composition of the Company's 923,374,711 48,000 9,758,500 The GMS approval has
controlling shareholders as a result of the Merger from PT shares or shares or shares or been stated in the
BANK DANAMON INDONESIA Tbk as the sole controlling (98.949132%) (0.005144%) (1.045724%) Deed of Minutes of the
shareholder to PT BANK DANAMON INDONESIA Tbk EGMS No. 113 dated
and MUFG BANK, Ltd, which will be effective after being June 30, 2025 and the
declared to have passed the capability and compliance Statement of Decisions
assessment by the OJK and on the effective date of the of the EGMS No. 65
merger. dated September 30,
2. Granted power of attorney with the right of substitution to 2025 made before
the Company's Board of Directors to carry out all necessary Notary Mala Mukti, S.H.,
actions in connection with the change in the Company's LL.M.
controlling shareholders based on the resolutions of the
fourth agenda item of the Meeting, including to state the
resolutions of the fourth agenda item of the Meeting in
one or more deed of meeting resolutions made before
a Notary, submitting notification of changes to the
Company's data to the Minister of Law of the Republic of
Indonesia.
Fifth Agenda of the Meeting
Approving the repurchase of shares belonging to the 933,133,211 48,000 - The GMS approval has
Company's shareholders who do not approve the Merger and shares or shares or been stated in the
requesting the Company to purchase their shares at the price 99.994856% 0.005144% Deed of Minutes of the
and with the required procedures as stated in the Summary EGMS No. 113 dated
of the Merger Plan and Disclosure of Information regarding June 30, 2025 and the
the share repurchase ("Share Buyback") by the Company, Statement of Decisions
including: of the EGMS No. 65
a. Approving and granting power of attorney, with the right dated September 30,
of substitution, to the Company's Board of Directors to 2025 made before
take any and all actions without exception in relation Notary Mala Mukti, S.H.,
to matters relating to the implementation of the Share LL.M.
Buyback based on the resolutions of the Fifth Meeting
agenda item, including stating the resolutions of the Fifth
Meeting agenda item in one or more deed of meeting
resolutions drawn up before a Notary, taking into account
the provisions of the Company's Articles of Association and
applicable laws and regulations;
b. Ratifying and approving any and all actions taken by
the Company's Board of Directors and/or Board of
Commissioners, without exception, in relation to matters
relating to the Share Buyback, taking into account the
provisions of the Company's Articles of Association and
applicable laws and regulations.
240 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 243
Corporate
Governance
For 2026, the Annual General Meeting of Shareholders (AGMS) is planned to be held in April 2026.
Performance
Highlights
Resolutions And Implementation Of Results Of The Previous Year’s AGM
The Annual General Meeting (AGMS) implementation process:
Opening
Provisions Implementation
Notification of GMS Plan to OJK
Management
Report
OJK Regulation No. 15/POJK.04/2020 requires that the agenda The Notification of the GMS Plan was submitted to the OJK on
of the GMS must be submitted to the OJK no later than 5 February 7, 2024, or 5 working days before the Announcement
working days before the Announcement of the GMS plan is of the GMS was advertised by the Company, along with the
advertised by the Company, excluding the GMS announcement agenda of the GMS. Corporate
Profile
date.
Announcement of GMS Plan
Management
Discussion
The Company Law, OJK Regulation No. 15/POJK.04/2020, Notification of the planned GMS was submitted on February 19, and Analysis
and the Company's Articles of Association require that the 2024, or 14 calendar days prior to the date of the GMS Invitation
announcement of the planned GMS be made 14 calendar days advertisement, excluding the Announcement/Notice date and
prior to the GMS Notice, excluding the Announcement Date and the Invitation date, through:
the Notice Date. Environmental
and Social
a. the Indonesia Stock Exchange website; Responsibility
Furthermore, OJK Regulation No. 15/POJK.04/2020 stipulates b. the KSEI website as the e-GMS provider; and
that the announcement must be made through: c. the Company's website (www.adira.co.id) in Indonesian and
a. the e-GMS Provider's website; English. Supporting
Data
b. the Stock Exchange website;
c. and the Public Company's website, in Indonesian and a
foreign language, provided that the foreign language used is
at least English.
GMS Invitation
The Company Law and the Company's Articles of Association in The Company issued a notice for the GMS on March 5, 2024, or
effect at the time the GMS is held stipulate that the Notice for a 21 calendar days prior to the GMS date, excluding the notice
GMS must be issued 14 days before the GMS is held. Meanwhile, date and the GMS date. The notice was provided through:
OJK Regulation No. 15/POJK.04/2020 stipulates that the Notice a. the Indonesia Stock Exchange website;
for a GMS must be issued no later than 21 days before the GMS is b. the Indonesian Central Securities Depository (KSEI) website;
held, excluding the date of the notice and the date of the GMS. and
c. the Company's website (www.adira.co.id) in both Indonesian
Furthermore, OJK Regulation No. 32/POJK.04/2014 also and English.
stipulates that the Notice must be issued through:
a. the e-GMS Provider's website;
b. the Stock Exchange website;
c. and the Public Company's website, in Indonesian and a
foreign language, provided that the foreign language used is
at least English.
OJK Regulation No. 15/POJK.04/2020 also stipulates that the The notice contains:
Notice must contain at least the following information: a. The date of the meeting is March 27, 2024;
a. Date of the GMS; b. The time of the meeting is 10:00 a.m. Western Indonesian
b. Time of the GMS; Time
c. Venue; c. The venue is Ballroom B, Ayana Midplaza, Jakarta, Jl. Jend.
d. Provisions regarding shareholders entitled to attend; Sudirman Block 10-11, Central Jakarta 10220;
e. Meeting agenda items, including explanations for each item; d. The shareholders entitled to attend are those registered in
and the Company's Shareholder Register or registered with the
f. Information stating that materials related to the meeting Indonesian Central Securities Depository (KSEI) on March 4,
agenda are available to shareholders from the date of the 2024; and
notice for the GMS until the GMS is held. e. The meeting agenda, including explanations for each
item. There are seven meeting agenda items and their
explanations.
Information stating that materials related to the meeting
agenda are available to shareholders at Adira Finance's Head
Office from the date of the notice for the GMS until the GMS is
held.
Implementation of the GMS
The Company Law, OJK Regulation No. 15/POJK.04/2020, and The Annual GMS was held on March 27, 2024, at Ballroom B,
the Company's Articles of Association require that the GMS be Ayana Midplaza, Jakarta, Jl. Jend. Sudirman Block 10-11, Central
held at the Company's domicile or at the Company's primary Jakarta 10220.
business location as specified in the articles of association, or at
the stock exchange where the Company's shares are listed. The
Company's head office is domiciled in South Jakarta.
Notification of Minutes of GMS Results
OJK Regulation No. 15/POJK.04/2020 requires that the On April 1, 2024, or 2 business days after the GMS is held, the
Announcement of the Minutes of the GMS be made public no results of the GMS have been reported to the OJK and the IDX,
later than 2 business days after the GMS is held, and proof of the in both Indonesian and English.
announcement must be submitted to the OJK no later than 2
days after the announcement.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 241
Page 244
Attendance of the Board of Commissioners, Directors, Committee and Sharia Supervisory Board at the
Annual GMS on March 27, 2024:
Name Position Attendance
Board of Commissioners
Daisuke Ejima President Commissioner Physically Present
Krisna Wijaya Independent Commissioner Physically Present
Manggi Taruna Habir Independent Commissioner Physically Present
Congsin Congcar Commissioner Attend via Zoom Webinar
Hafid Hadeli Commissioner Physically Present
Board of Directors
I Dewa Made Susila President Director Physically Present
Swandajani Gunadi Director Physically Present
Niko Kurniawan Bonggowarsito Director Physically Present
Harry Latif Director Physically Present
Jin Yoshida Director Physically Present
Denny Riza Farib Director Physically Present
Audit Committee
Manggi Taruna Habir Chairman Physically Present
Jusuf Sukiman Member Physically Present
Restiana Ie Tjoe Linggadjaya Member Physically Present
Risk Monitoring Committee
Krisna Wijaya Chairman Physically Present
Manggi Taruna Habir Member Physically Present
Rio Erriad Member Physically Present
Governance Committee
Krisna Wijaya Chairman Physically Present
Diyah Sasanti Member Attend via Zoom Webinar
Sharia Supervisory Board
Prof. Dr. H. Faturrachman Djamil, M.A. Chairman Attend via Zoom Webinar
Prof. Dr. DRS. H. Noor Achmad, M.A., Member Attend via Zoom Webinar
DRS
Dr. Rini Fatma Kartika M.H. Member Attend via Zoom Webinar
Decision-Making Mechanism
At the 2024 Annual General Meeting of Shareholders (AGMS), the meeting was chaired by Krisna Wijaya
(Independent Commissioner of the Company), who was appointed by the Board of Commissioners to lead the
GMS. The GMS Chairperson read out the GMS rules of procedure. The GMS Chairperson provided an opportunity
for shareholders or their proxies to ask questions on each meeting agenda item. The meeting chairperson and/
or designated member of the Board of Directors provided explanations or responses to each question. After all
questions were answered, a vote was held, with only shareholders or their authorized proxies eligible to vote.
Each share entitles the holder to cast one vote.
Independent Party as Vote Counter
To conduct vote counting on each agenda item at the Annual General Meeting of Shareholders, the Company
appointed Notary Mala Mukti S.H., LL.M. and PT Adimitra Jasa Korpora to count and validate the votes.
242 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 245
Corporate
Governance
Resolutions of the Annual General Meeting of Shareholders on March 27, 2024
Performance
Annual General Meeting Resolutions and their Implementation: Highlights
Number
Resolution Realization
In Favour Abstaint Against Opening
First Agenda of the Meeting
1. Approve the Company's Annual Report for the financial 931,985,543 73,000 46,200 The approval of the Management
Report
year ending December 31, 2023 (31-12-2023); shares or shares or shares or GMS was set out in
2. Ratify the Company's Financial Statements for the financial 99.9872% 0.0078% 0.0050% the Deed of Minutes of
year ending December 31, 2023 (31-12-2023), audited by the the AGM No. 98 dated
Public Accounting Firm Imelda & Rekan (a member firm March 27, 2024, drawn Corporate
Profile
of Deloitte Asia Pacific and the Deloitte Global Network), up before Notary Mala
as contained in the Independent Auditor's Report Number Mukti, S.H., LL.M.
00011/2.1265/AU.1/09/0849-2/1/II/2024 dated February 12,
2024 (12-2-2024), with an unmodified opinion; Management
Discussion
3. Ratify the Supervisory Report of the Company's Board of and Analysis
Commissioners for the financial year ending December 31,
2023 (31-12-2023);
4. Granting full release and discharge of all responsibilities Environmental
("volledig acquit et decharge") to and Social
Responsibility
a) the Company's Board of Directors in carrying out
their duties and responsibilities for management and
representing the Company;
Supporting
b) the Company's Board of Commissioners in carrying out Data
their supervisory duties and responsibilities, as well as
providing advice to the Company's Board of Directors,
assisting the Company's Board of Directors, and
granting approval to the Company's Board of Directors;
and
c) the Sharia Supervisory Board in carrying out its
supervisory duties and responsibilities regarding the
sharia aspects of the Company's business activities in
accordance with Sharia Principles, as well as providing
advice and suggestions to the Company's Board of
Directors, for the financial year ending December 31,
2023 (31-12-2023), provided that the implementation
of these duties and responsibilities is reflected in the
Company's annual report for the financial year ending
December 31, 2023 (31-12-2023).
Second Agenda of the Meeting
Approved the use of the Company's net profit for the 2023 931,985,543 73,000 46,200 • Approximately 1%
financial year, amounting to IDR1,944,047,263,246, with the shares or shares or shares or of net profit, or
following details: 99.9872% 0.0078% 0.0050% IDR19,440,472,632,
1. Approximately 1% of the net profit, or IDR19,440,472,632, was set aside as
will be set aside as a Reserve Fund, bringing the Company's a Reserve Fund,
total Reserve Fund to IDR242,577,951,568; bringing the
2. Approximately 50% (fifty percent) of the Company's net Company's total
profit, or IDR972,000,000,000, or IDR972 per share, will Reserve Fund to
be paid as dividends for the 2023 financial year, with the IDR242,577,951,568.
following provisions: • Dividend payments
a. Dividends will be paid to shareholders whose names representing 50%
are registered in the Shareholder Register on April 17, of the Company's
2024, at 4:00 PM Western Indonesian Time (hereinafter net profit for the
referred to as the "Recording Date") and will be paid on 2023 fiscal year, or
May 2, 2024 (hereinafter referred to as the "Payment IDR972,000,000,000,
Date"); or IDR972,000,000,
b. The Board of Directors will deduct dividend tax from the were made on May
2023 fiscal year dividends in accordance with applicable 2, 2024.
tax regulations for shareholders;
c. The Board of Directors is hereby granted the power and
authority to determine matters concerning or related to
the implementation of dividend payments for the 2023
fiscal year.
3. The remaining net profit of the Company for the 2023
fiscal year, which has not yet been determined for its
use, amounting to IDR952,606,790,614, is recorded as the
Company's Retained Earnings.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 243
Page 246
Number
Resolution Realization
In Favour Abstaint Against
Third Agenda of the Meeting
Appointing Elisabeth Imelda, as a Public Accountant and 931,985,543 73,000 46,200 Elisabeth Imelda as
Imelda & Rekan (a member firm of Deloitte Asia Pacific and shares or shares or shares or a Public Accountant
the Deloitte Global Network) as a Public Accounting Firm 99.9872% 0.0078% 0.0050% and Imelda & Rekan
registered with the Financial Services Authority, to conduct an (a member firm of
audit/examination of the Company's books or records for the Deloitte Asia Pacific
2024 financial year with an audit fee of IDR1,600,000,000 (one and the Deloitte
billion six hundred million Rupiah) excluding taxes and out of Global Network) as
pocket expenses, for the year ending December 31, 2024. a Public Accounting
Firm registered with
the Financial Services
Authority, audited the
Company's Financial
Statements for the
2024 Financial Year
with an audit fee of
IDR1,600,000,000
excluding taxes
and out-of-pocket
expenses.
Fourth Agenda of the Meeting
1. a. Determine the amount of bonuses to be distributed 931,982,443 76,100 46,200 1) The distribution of
to members of the Company's Board of Directors for shares or shares or shares or salaries, allowances,
the 2023 (two thousand twenty-three) financial year at 99.9869% 0.0082% 0.0050% and bonuses for
IDR27,500,000,000.00 (twenty-seven billion five members of the
hundred million rupiah) including tax. Company's Board
b. Determine the salaries and allowances of all of Directors is in
members of the Company's Board of Directors for accordance with
the 2024 (two thousand twenty-four) financial year at the resolutions of
IDR52,104,663,146.00 (fifty-two billion one hundred four the GMS and the
million six hundred sixty-three thousand one hundred recommendations
forty-six rupiah) including tax; and of the Nomination
c. Authorize the Company's President Commissioner to and Remuneration
determine the distribution of salaries and allowances, Committee on
as well as the distribution of bonuses, for each member March 13, 2024.
of the Company's Board of Directors based on the 2) The distribution
recommendation of the Nomination and Remuneration of salaries or
Committee Number 004/ADMF/KNR/III/24, dated March honorariums,
13, 2024 (13-3-2024). allowances, and
2. a. Determining the amount of bonuses to be distributed bonuses for all
to the Company's Board of Commissioners for the members of the
2023 (two thousand twenty-three) financial year at Company's Board
IDR1,485,714,286.00 (one billion four hundred eighty-five of Commissioners is
million seven hundred fourteen thousand two hundred in accordance with
eighty-six rupiah) inclusive of tax; the resolutions of
b. Determining the amount of salaries or honorariums and the GMS and the
allowances for all members of the Company's Board of recommendations
Commissioners for the 2024 (two thousand twenty-four) of the Nomination
financial year at IDR8,748,756,337.00 (eight billion seven and Remuneration
hundred forty-eight million seven hundred fifty-six Committee on
thousand three hundred thirty-seven rupiah) inclusive of March 13, 2023.
tax; and 3) The distribution
c. Authorizing the Company's President Commissioner to of salaries,
determine the distribution of the salary or honorariums honorariums, and/
and allowances, as well as bonuses, for each member of or allowances for
the Company's Board of Commissioners based on the all members of the
recommendation of the Nomination and Remuneration Company's Sharia
Committee Number 003/ADMF/KNR/III/24, dated March Supervisory Board
13, 2024 (13-3-2024). is in accordance
3. Approve the delegation of authority to the Board of with the resolutions
Commissioners to determine the salary or honorarium of the GMS and the
and/or allowances for the 2024 (two thousand - twenty recommendations
four) financial year for each member of the Company's of the Nomination
Sharia Supervisory Board based on the recommendation and Remuneration
of the Nomination and Remuneration Committee Number Committee on
005/ADMF/KNR/III/24, dated the thirteenth of March two March 13, 2023.
thousand twenty four (13-3-2024).
244 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 247
Corporate
Governance
Number
Resolution Realization Performance
Highlights
In Favour Abstaint Against
Fifth Agenda of the Meeting
Opening
1. a. Approved the reappointment of all members of the 931,885,143 76,100 143,500 The composition of
Board of Commissioners, all members of the Board of shares or shares or shares or the Company's Board
Directors except Mr. JIN YOSHIDA who was not 99.9764% 0.0082% 0.0154% of Commissioners and
reappointed because he has received a new assignment Board of Directors Management
as Director of PT BANK DANAMON INDONESIA Tbk, and following the Annual Report
all members of the Sharia Supervisory Board, which General Meeting of
will be effective from the closing of this Meeting until Shareholders on March
the closing of the 3rd (third) Annual General Meeting of 27, 2024, is as follows: Corporate
Profile
Shareholders after this Meeting, namely the financial
year ending on December 31, 2026 (31-12-2026), which Board of
will be held in 2027 (two thousand twenty-seven), by Commissioners:
expressing gratitude to Mr. JIN YOSHIDA for the services President Management
Discussion
he has provided to the Company; and Commissioner: and Analysis
b. Approved the appointment of Mr. SIGIT HENDRA Daisuke Ejima
GUNAWAN, Mr. SYLVANUS GANI KUKUH MENDROFA, Independent
and Mr. TAKANORI MIZUNO, each as Directors of the Commissioner:
Environmental
Company, effective from the date of passing the Fit Krisna Wijaya; and Social
Responsibility
and Proper Test from the Financial Services Authority Independent
regarding their appointment as Directors of the Commissioner:
Company, with a term of office that will expire until Manggi Taruna Habir;
the closing of the 3rd Annual General Meeting of Commissioner: Supporting
Data
Shareholders following this Meeting, namely for the Eng Heng Nee Philip;
fiscal year ending December 31, 2026, which will be held Commissioner:
in 2027. Congsin Congcar; and
Commissioner:
Therefore, the composition of the Company's Board of Hafid Hadeli
Commissioners and Board of Directors is as follows:
Board of Directors:
Board of Commissioners: President Director:
President Commissioner : Mr. Daisuke Ejima I Dewa Made Susila;
Independent Commissioner : Mr. Krisna Wijaya; Director:
Independent Commissioner : Mr. Manggi Taruna Habir; Swandajani Gunadi;
Commissioner : Mr. Eng Heng Nee Philip; Director:
Commissioner : Mr. Congsin Congcar; and Niko Kurniawan
Commissioner : Mr. Hafid Hadeli. Bonggowarsito;
Director:
Board of Directors: Harry Latif;
President Director : Mr. I Dewa Made Susila; Director:
Director : Mrs. Swandajani Gunadi; Denny Riza Farib;
Director : Mr. Niko Kurniawan Director:
Bonggowarsito; Mr. Sigit Hendra
Director : Mr. Harry Latif; Gunawan (effective as
Director : Mr. Denny Riza Farib of the date of passing
Director : Mr. Sigit Hendra Gunawan the Fit and Proper test
(effective from the date of from the Financial
passing the fit and proper Services Authority);
test from the Financial Director:
Services Authority); Mr. Sylvanus Gani K.
Director : Mr. Sylvanus Gani K. Mendrofa (effective
Mendrofa from the date of
(effective from the date of passing the Fit and
passing the fit and proper Proper test from the
test from the Financial Financial Services
Services Authority); and Authority);
Director : Mr. Takanori Mizuno
(effective from the date of
passing the fit and proper
test from the Financial
Services Authority).
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 245
Page 248
Number
Resolution Realization
In Favour Abstaint Against
1. With a term of office that will expire at the closing of Director:
the Annual General Meeting of Shareholders for the Mr. Takanori Mizuno
fiscal year ending on December 31, 2026 (31-12-2026), (effective from the
which will be held in 2027 (two thousand twenty-seven), date of passing the Fit
without prejudice to the right of the General Meeting of and Proper Test from
Shareholders to dismiss them at any time; and the Financial Services
2. To authorize the Company's Board of Directors to state Authority)
the decisions of the fifth agenda item of the Meeting in
one or more deed of meeting decision statements drawn His term of office
up before a Notary, and to submit notification of changes will expire at the
to the Company's data to the Minister of Law and Human close of the Annual
Rights of the Republic of Indonesia. General Meeting of
Shareholders for the
fiscal year ending
December 31, 2026, to
be held in 2027.
Changes to the
Company's data have
been set forth in
Deed of Statement
of Resolutions
of the Annual
General Meeting
of Shareholders
Number 99 dated
March 27, 2024, and
Deed of Statement
of Resolutions
of the Annual
General Meeting of
Shareholders Number
117 dated July 26, 2024,
drawn up before Mala
Mukti, S.H., LL.M.,
Notary in Jakarta.
Sixth Agenda of the Meeting
1. Grant approval to the Company's Board of Directors to 931,090,181 73,000 941,562 The GMS approval
transfer and/or pledge the Company's assets as collateral in shares or shares or shares or has been stated in
the form of receivables representing more than 50% (fifty 99.8912% 0.0078% 0.1010% the Deed of Minutes
percent), but not exceeding 400% (four hundred percent), of the Annual
of the Company's net assets, to guarantee the payment General Meeting
of Bonds to be issued by the Company and other debts, of Shareholders of
provided that: PT Adira Dinamika
a) joint financing assets between the Company and PT Multi Finance Tbk No.
Bank DANAMON INDONESIA Tbk are not included in the 98 dated March 27,
collateralized assets; and 2024, made before
b) the Gearing Ratio may not exceed 6.5x (six point five Mala Mukti, S.H., LL.M
times) the total net assets based on the latest financial Notary in Jakarta.
statements audited by a Public Accounting Firm. If the
Gearing Ratio reaches 6x (six times) the total net assets,
the Company's Board of Directors must obtain approval
from the Company's Board of Commissioners and the
Majority Shareholder.
2. that such action does not violate the terms and conditions
set forth in the agreements between the Company and
third parties; and
3. authorize the Company's Board of Directors to take all
necessary actions in connection with guaranteeing the
Company's receivables/bills, including but not limited to
signing a fiduciary guarantee deed before a Notary.
246 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 249
Corporate
Governance
In addition to producing several resolutions, the Thus, the remaining Sukuk Mudharabah funds are
Performance
following reports were also presented at the Annual IDR0 or have been fully utilized. The use of these Highlights
GMS: Sukuk Mudharabah proceeds was in accordance
1. Realization report on the use of proceeds from with what was stated in the prospectus and has
Opening
the issuance of Adira Finance Sustainable Bonds been reported by the Company to the Financial
VI Phase I Year 2023, whereby; Services Authority on July 28, 2023, via letter
- Total Proceeds from the Public Offering of number 140/ADMF/CS/VII/23. Management
Report
Bonds amounted to IDR1,700,000,000,000.00
(one trillion seven hundred billion Rupiah); 3. Realization report on the use of proceeds from
Corporate
- Costs of the Public Offering of Bonds the issuance of Adira Finance Sustainable Bonds Profile
amounted to IDR6,954,225,700.00 (six billion VI Phase II Year 2023, whereby;
nine hundred fifty-four million two hundred - Total Proceeds from the Public Offering of Management
twenty-five thousand seven hundred Rupiah); Bonds amounted to IDR1,250,000,000,000.00 Discussion
and Analysis
- Net Proceeds amounted to (one trillion two hundred fifty billion Rupiah);
IDR1,693,054,774,300.00 (one trillion six - Costs of the Public Offering of Bonds
Environmental
hundred ninety-three billion fifty-four million amounted to IDR3,777,061,820.00 (three and Social
Responsibility
seven hundred seventy-four thousand three billion seven hundred seventy-seven million
hundred Rupiah); and sixty-one thousand eight hundred twenty
Supporting
- The use of proceeds from the Public Offering Rupiah); Data
of Bonds up to July 28, 2023, was used for - Net Proceeds amounted to
motor vehicle consumer financing amounting IDR1,246,222,938,180.00 (one trillion two
to IDR1,693,054,774,300.00 (one trillion six hundred forty-six billion two hundred
hundred ninety-three billion fifty-four million twenty-two million nine hundred thirty-eight
seven hundred seventy-four thousand three thousand one hundred eighty Rupiah); and
hundred Rupiah). - The use of proceeds from the Public Offering
of Bonds up to December 8, 2023, was
Thus, the remaining bond funds are IDR0 (zero used for consumer financing related to the
Rupiah) or have been fully utilized. The use of Company’s business activities amounting
these Bond proceeds was in accordance with to IDR1,246,222,938,180.00 (one trillion
what was stated in the prospectus and has two hundred forty-six billion two hundred
been reported by the Company to the Financial twenty-two million nine hundred thirty-eight
Services Authority on July 28, 2023, via letter thousand one hundred eighty Rupiah).
number 139/ADMF/CS/VII/23.
Thus, the remaining bond funds are IDR0 or
2. Realization report on the use of proceeds from have been fully utilized. The use of these Bond
the issuance of Adira Finance Sustainable proceeds was in accordance with what was stated
Mudharabah Sukuk V Phase I Year 2023, whereby; in the prospectus and has been reported by the
- Total Proceeds from the Public Offering Company to the Financial Services Authority on
of Mudharabah Sukuk amounted to December 8, 2023, via letter number 211/ADMF/
IDR300,000,000,000.00 (three hundred billion CS/XII/23.
Rupiah);
- Costs of the Public Offering of Mudharabah 4. Realization report on the use of proceeds from
Sukuk amounted to IDR1,375,322,550.00 (one the issuance of Adira Finance Sustainable
billion three hundred seventy-five million Mudharabah Sukuk V Phase II Year 2023, whereby;
three hundred twenty-two thousand five - Total Proceeds from the Public Offering
hundred fifty Rupiah); of Mudharabah Sukuk amounted to
- Net Proceeds amounted to IDR300,000,000,000.00 (three hundred billion
IDR298,624,677,450.00 (two hundred ninety- Rupiah);
eight billion six hundred twenty-four million - Costs of the Public Offering of Mudharabah
six hundred seventy-seven thousand four Sukuk amounted to IDR1,062,939,325.00 (one
hundred fifty Rupiah); and billion sixty-two million nine hundred thirty-
- The use of proceeds from the Public Offering nine thousand three hundred twenty-five
of Mudharabah Sukuk up to July 28, 2023, was Rupiah);
used for consumer financing related to the - Net Proceeds amounted to
Company’s business activities on a murabahah IDR298,937,060,675.00 (two hundred ninety-
basis amounting to IDR298,624,677,450.00 eight billion nine hundred thirty-seven million
(two hundred ninety-eight billion six hundred sixty thousand six hundred seventy-five
twenty-four million six hundred seventy- Rupiah); and
seven thousand four hundred fifty Rupiah).
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 247
Page 250
- The use of proceeds from the Public Offering Furthermore, the Company’s Controlling
of Mudharabah Sukuk up to December Shareholders are required to fulfill all fit and
8, 2023, was used for consumer financing proper test requirements, in accordance with
related to the Company’s business activities Financial Services Authority Regulation Number 4/
on a murabahah basis amounting to POJK.05/2013 dated December 23, 2013, concerning
IDR298,937,060,675.00 (two hundred ninety- Fit and Proper Test for Main Parties in Insurance
eight billion nine hundred thirty-seven million Companies, Pension Funds, Financing Companies,
sixty thousand six hundred seventy-five and OJK Regulation No. 27/POJK.03/2016 concerning
Rupiah). Fit and Proper Test for Main Parties of Financial
Services Institutions and OJK Circular Letter No. 31/
Thus, the remaining Sukuk Mudharabah funds are SEOJK.3/2016 concerning Fit and Proper Test for
IDR0 or have been fully utilized. The use of these Non-Bank Financial Services Institutions.
Sukuk Mudharabah proceeds was in accordance
with what was stated in the prospectus and has The fit and proper requirements that must be fulfilled
been reported by the Company to the Financial by the Controlling Shareholder are as follows:
Services Authority on December 8, 2023, via letter 1. Integrity factors which include:
number 212/ADMF/CS/XII/23. a. Legally competent to perform legal acts;
b. Possesses good character and morals, at least
Adira Finance Shareholders demonstrated by an attitude of complying
Adira Finance’s issued shares are common shares, with applicable regulations, including
so there is no difference among Controlling never having been convicted of a criminal
Shareholders, other than due to the number of offense within a certain period before being
shares owned. nominated;
c. Has a commitment to comply with laws and
Requirements regulations and to support OJK policies;
For controlling shareholders, in accordance with d. Has a commitment to a sound Financial
the provisions of OJK Regulation Number 28/ Services Institution; and
POJK.05/2014, the controller of a financing company e. Not included as a party prohibited from
must fulfill requirements including submitting a becoming a Main Party.
written statement: 2. Financial Feasibility factors which include:
1. Capital contribution does not originate from a. Has no bad credit and/or financing;
loans; b. Has never been declared bankrupt and/or
2. Capital contribution does not originate from has never been a shareholder, controller of an
money laundering activities and financial crimes; insurance company (who is not a shareholder),
3. Not listed in the bad credit register; member of the board of directors, board of
4. Not listed in the Fail Grade List (Daftar Tidak commissioners, or member representative
Lulus/DTL) in the banking sector; body found guilty of causing a company
5. Has never been convicted of a criminal offense in to be declared bankrupt based on a court
the field of financial services and/or the economy decision within the last 5 (five) years prior to
within the last 5 (five) years; nomination;
6. Has never been declared bankrupt or found guilty c. Has financial capability that can support
of causing a company to be declared bankrupt the development of the Financial Services
based on a court decision that has permanent Institution; and
legal force; d. Has a commitment to undertake necessary
7. Has never been a controlling shareholder in efforts if the Financial Services Institution
a financial services company whose business experiences financial difficulties.
license was revoked due to violations within the
last 5 (five) years.
In the event that the shareholder is a legal entity, the
above provisions also apply to the directors of the
shareholder.
248 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 251
Corporate
Governance
The following is the fit and proper test pass status of Adira Finance’s Controlling Shareholders as of the date
Performance
this Annual Report was issued: Highlights
Date of Passing Fit and
Name Description
Proper Test
Opening
PT Bank Danamon Indonesia July 3, 2025 Established based on the Decree of the OJK Board of
Tbk Commissioners No. KEP-37/D.06/2025
Management
MUFG Bank, Ltd. July 3, 2025 Established based on the Decree of the OJK Board of Report
Commissioners No. KEP-39/D.06/2025
Corporate
Share Ownership Composition Profile
To administer its shares, the Company has appointed PT Adimitra Jasa Korpora as its Securities Administration
Bureau, which is responsible for, among other things: Management
1. Providing monthly shareholder reports. Discussion
and Analysis
2. Providing reports on share ownership of 5% or more of the issued and fully paid shares.
3. Providing reports on share ownership of the Board of Directors and Board of Commissioners.
Environmental
4. Providing a list of controlling shareholders. and Social
Responsibility
Company Share Capital as of December 31, 2025:
Supporting
Data
Nominal Value IDR100 per Share
Description
Number of Value Total Nominal Value (IDR)
Authorized Capital 4,000,000,000 400,000,000,000
Issued and Fully Paid-Up Capital 1,235,803,109 123,580,310,900
Shares in Portfolio 2,764,196,891 276,419,689,100
List of the Company’s 20 Largest Shareholders as of December 31, 2025:
Percentage of
No. Name Number of Shares
Ownership
1. PT Bank Danamon Indonesia Tbk 920,700,000 74.50
2. MUFG Bank Ltd 233,863,559 18.92
3. Saham Treasury 9,816,154 0.79
4. Investor Korporasi 1 4,703,200 0.38
5. PT Zurich Asuransi Indonesia Tbk 4,204,800 0.34
6. Investor Korporasi 2 3,909,600 0.32
7. Investor Korporasi 3 3,621,300 0.29
8. Investor Individu 1 3,118,700 0.25
9. Investor Individu 2 1,932,700 0.16
10. Investor Individu 3 1,492,000 0.12
11. Investor Individu 4 1,401,200 0.11
12. Investor korporasi 4 1,195,900 0.10
13. Investor Individu 5 1,080,000 0.09
14. Investor Individu 6 1,080,000 0.09
15. Investor Individu 7 945,700 0.08
16. Investor Korporasi 5 878,800 0.07
17. Investor Individu 8 852,000 0.07
18. Investor Individu 9 850,500 0.07
19. Investor Individu 10 820,000 0.07
20. Investor Individu 11 818,000 0.07
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 249
Page 252
Throughout 2025, there was a change in the Company’s Controlling Shareholders in connection with the
corporate action of the Business Merger between the Company and PT Mandala Multifinance Tbk, from PT
Bank Danamon Indonesia Tbk to PT Bank Danamon Indonesia Tbk and MUFG Bank, Ltd., with share ownership
of 74.50% and 18.92%, respectively. No other shareholders held shares above 5%.
As of December 31, 2025, the shareholder composition based on investor origin consisted of:
No List of Shareholders Number of Shareholders Number of Shares Percentage of Ownership (%)
LOCAL SHARES
1. Institutions 41 944,768,733 76.45
2. Individual 7,793 43,278,349 3.50
FOREIGN SHARES
1. Institutions 41 247,007,809 19.99
2. Individual 15 748,218 0.06
TOTAL 7,890 1,235,803,109 100.00
Shareholders have the following rights: Shareholders are free to choose how to exercise
1. The right to propose agenda items for every their voting rights. However, for sound and
Annual GMS to be conducted by the Company; transparent corporate management, a general
2. The right to propose and appoint members of shareholder should endeavor to exercise all rights
the Company’s Board of Commissioners and/or granted to them, such as paying close attention
Board of Directors at a GMS; to the implementation of company management
3. The right to obtain information related to the and exercising their voting rights;
Company, especially for Company actions 4. Controlling shareholders and those who
requiring prior approval from shareholders in influence the management of the Company
accordance with applicable laws and regulations; must act in the interest of the Company and all
4. The right to receive notification and invitation for its shareholders. For any action contrary to this,
the holding of a GMS, including the agenda to be controlling shareholders must bear responsibility;
discussed at the GMS; 5. A controlling shareholder is a party, regardless of
5. The right to receive a portion of the Company’s the proportion of share ownership, that has de
profits allocated to shareholders in the form facto influence over important matters including
of dividends and other profit distributions the management of the Company, such as the
proportional to the number of shares owned. appointment and dismissal of management.
Therefore, controlling shareholders must use their
RESPONSIBILITIES OF ADIRA FINANCE power to select candidates for positions on the
SHAREHOLDERS Board of Commissioners and Board of Directors
1. Controlling shareholders are required to fulfill who possess high integrity and competence to
requirements in accordance with applicable laws manage and control the Company soundly;
and regulations; 6. The responsibility for operating the Company lies
2. Controlling shareholders are required to meet with the Board of Directors. However, it is actually
the capital adequacy of the Financing Company difficult for directors to resist the unbalanced
in the manner stipulated by laws and regulations; power exercised by controlling shareholders as
3. Shareholders, understanding that the exercise of long as they have influence over the selection
their voting rights influences the management of directors. Therefore, controlling shareholders,
of the Company, must, as far as possible, exercise in addition to their right to vote their shares
their voting rights in the interest of the Company. due to direct participation in the management
250 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Corporate
Governance
of the Company as directors, must accept the The Company has a Sustainable Finance Action
Performance
responsibility imposed upon them due to the Plan (RAKB) which serves as a specific guideline in Highlights
power granted to them, related to their influence various environmental and social protection efforts,
over the management of the Company; and ensures that the sustainable benefits from our
Opening
7. Any intervention in management by a operations and business activities can be tangibly
controlling shareholder contrary to the interests felt by stakeholders.
of the Company can be controlled through Management
Report
strengthening the managerial accountability To support the implementation of environmental
of the directors. However, the influence of and social protection efforts, and to play a role in
Corporate
controlling shareholders over the management implementing related guidelines, the Company Profile
of the Company, in addition to the exercise of established a sustainability working team in 2020,
their voting rights or direct participation in the which includes the Strategic Marketing Division, Management
management of the Company as directors, is Corporate University Division, Credit Division, HCGA Discussion
and Analysis
crucial so that the following can be properly Division, Brand Communication Division, Compliance
understood: their responsibility is proportional to & AML Division, and Corporate Secretary & Investor
Environmental
the influence they hold; Relations Division. The implementation of the and Social
Responsibility
8. Shareholders of Adira Finance are prohibited Sustainable Finance Program is the responsibility of
from using Adira Finance for their personal the Director of HC Management, CREM & Marketing,
Supporting
or family interests, their business activities or the Director of Business & Portfolio, and the Director Data
business groups, in a manner that contradicts of Risk Management.
applicable laws and regulations; and
9. Shareholders are prohibited from interfering in DUTIES AND RESPONSIBILITIES FOR
the operation of the Company, the authority for SUSTAINABILITY ASPECTS [SEOJK E.1][GRI 2-14]
which rests with the Board of Directors. Adira Finance has appointed the Directors of
Marketing, HCGA, CREM & Corpu, the Director
MANAGEMENT OF SUSTAINABILITY ASPECTS of Business & Portfolio, and the Director of Risk
[GRI 102-29][GRI 102-31][GRI 102-32] Management, along with several subordinate
The Company consistently manages its business divisions, to be responsible for the economic,
activities with due regard to economic, social, and environmental, and social activities outlined in the
environmental aspects. In every financing activity Sustainable Finance Action Plan. Environmental and
and office operation, the Company implements social activities, including managing impacts, risks,
relevant guidelines to protect economic, and opportunities, are carried out by several relevant
environmental, and social impacts, so that all divisions within different directorates.
business activities are aligned with environmental
preservation efforts, provide positive impacts for In monitoring Sustainable Finance Actions, the
stakeholders, and support the achievement of the four-eye principle is required to improve the
Sustainable Development Goals (SDGs) at both local effectiveness and efficiency of sustainable finance
and national levels. implementation, particularly in credit distribution to
sustainable business activities. The Unit in Charge
and Person in Charge for monitoring and evaluating
Sustainable Finance Actions are as follows:
Activities Unit in Charge PIC
Monitoring the preparation of the Sustainability Corporate Secretary Head of Corporate Secretary
Report.
Monitoring the implementation of the sustainable Human Capital & General Head of Culture & HSE
financial action program Affair
Monitoring the Implementation of Internal Education Corporate University Head of Corporate
University
Monitoring the Realization of Corporate Social · Brand & Corporate · Head of Brand & Corporate
Responsibility Communication, Communication;
· Human Capital & General · Head of Human Capital &
Affair, General Affair;
· Unit Usaha Syariah · Head of Syariah.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 251
Page 254
Activities Unit in Charge PIC
Monitoring Workplace Management Implementation Human Capital & General Head of Human Capital &
Affair General Affair
Monitoring Credit Disbursement to Sustainable Risk Management · Head of Credit
Business Activities · Head of Risk
· Head of Marketing
Monitoring Credit Risk Profiles Risk Management Head of Credit dan Head
of Risk
Sampling Compliance Tests for Credit Disbursement · Risk Management · Head of Risk
to Sustainable Business Activities · Compliance & AML · Head of Compliance
Evaluation of the Sustainable Finance Action Program Sustainability Working Group Sustainability Working Group
Coordinator
Evaluation of the RAKB program implementation is conducted every 3 (three) months, comparing the program
implementation plan with the RAKB. If the Sustainable Finance Action Plan has not been implemented
according to the planned work program and timeline, the Company will take the following follow-up actions:
a) Review the performance indicators used for subsequent years based on the implementation of the
Sustainable Finance program;
b) Revise the Sustainable Finance Action Plan.
SUSTAINABLE FINANCE COMPETENCY DEVELOPMENT [SEOJK E.2][GRI 2-17]
Sustainability and climate change continue to be key topics in the financial world, including for Adira Finance,
which regularly conducts sustainable finance competency development for the Board of Commissioners and
Directors. This is crucial to ensure that top management obtains strategic knowledge and the latest information
on sustainability aspects, particularly economic, environmental, and social aspects, in line with the Indonesian
Government’s commitment to the SDGs and Net Zero Emission targets.
The process of improving employee competency related to social and environmental risk management
includes [FS4]:
Activities Date Venue Participant
Scope 1 and Scope 2 Emissions Reporting Training July 3, 2025 Online (Microsoft Teams) 100 employees
Financial Literacy – Financial Planning Monthly (Jan - Dec) Online 9,333 employees
Sustainable Finance Awareness Monthly (Jan - Dec) Online 3,041 employees
BOARD OF COMMISSIONERS 3. The Board of Commissioners is obliged to
supervise the implementation of the duties and
The Board of Commissioners has the duty and responsibilities of the Board of Directors, and
responsibility to supervise and provide direction to provide advice/recommendations to the Board of
the Board of Directors in managing the Company, Directors.
ensuring that all operational and strategic activities 4. In carrying out supervision, the Board of
are carried out properly and aligned with the Commissioners is obliged to direct, monitor, and
interests of shareholders and other stakeholders. evaluate the implementation of the Company’s
strategic policies.
Duties and Responsibilities of the Board of 5. In carrying out supervision, the Board of
Commissioners Commissioners is prohibited from being
1. The Board of Commissioners is obliged to involved in making decisions on the Company’s
ensure the implementation of Good Corporate operational activities, except for:
Governance (GCG) in every business activity of a. provision of funds to related parties as
the Company at every level and hierarchy of the regulated in the applicable laws and
Company’s organization. regulations.
2. Review the Company’s Vision and Mission b. other matters stipulated in the Company’s
periodically. Articles of Association or applicable laws and
regulations.
252 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 255
Corporate
Governance
6. Decision-making by the Board of Commissioners The Charter of the Board of Commissioners of Adira
Performance
as referred to above does not negate the Finance regulates, among others: Highlights
responsibility of the Board of Directors for the i. Legal Basis;
implementation of the Company’s management. ii. Organization;
Opening
7. The Board of Commissioners must allocate iii. Requirements for Members of the Board of
sufficient time to carry out their duties and Commissioners;
obligations effectively. iv. Appointment, Resignation, and Dismissal; Management
Report
8. The Board of Commissioners is obliged to ensure v. Term of Office;
that the Board of Directors has followed up on all vi. Independence;
Corporate
audit findings and recommendations from the vii. Duties and Responsibilities; Profile
Company’s internal audit unit, external auditors, viii. Authority;
inspection results from the Ministry of Finance ix. Independent Commissioners; Management
and/or inspection results from other authorities. x. Concurrent Positions of Members of the Board of Discussion
and Analysis
9. In order to support the effectiveness of Commissioners;
the implementation of their duties and xi. Orientation for New Members of the Board of
Environmental
responsibilities, the Board of Commissioners is Commissioners; and Social
Responsibility
obliged to establish at least: xii. Transparency;
a. Audit Committee; xiii. Work Ethics;
Supporting
b. Risk Monitoring Committee; xiv. Meetings; Data
c. Nomination and Remuneration Committee; xv. Reporting and Accountability;
and xvi. Training;
d. Corporate Governance Committee. xvii. Others
Authority of the Board of Commissioners The Charter of the Board of Commissioners has also
The Board of Commissioners has the following been uploaded on the Company›s official website at
authority: www.adira.co.id.
1. In accordance with the Company’s Articles of
Association, the Board of Commissioners has Appointment, Dismissal, and Resignation of
the authority to grant approval to the Board of Members of the Board of Commissioners
Directors for carrying out certain legal actions; Based on the provisions of Law Number 40 of 2007
2. The Board of Commissioners has the authority concerning Limited Liability Companies, specifically
to temporarily dismiss members of the Board of Article 111, OJK Regulation No. 33/POJK.04/2014
Directors, stating the reasons; concerning the Board of Directors and Board of
3. The Board of Commissioners may undertake Commissioners of Issuers or Public Companies,
management actions of the Company under and the Articles of Association of Adira Finance,
certain circumstances and for a specific period in the appointment and dismissal of members of the
accordance with the provisions of the Articles of Board of Commissioners are carried out through
Association or resolutions of the GMS. the GMS. The term of office for each member of the
Board of Commissioners ends at the closing of the
Charter of the Board of Commissioners third Annual GMS after the date of appointment, but
In carrying out their duties and responsibilities, the the GMS still has the authority to dismiss a member
Board of Commissioners of Adira Finance is guided of the Board of Commissioners at any time before
by: their term of office ends.
a. Law No. 40 of 2007 concerning Limited Liability
Companies; Furthermore, in accordance with the provisions of
b. OJK Regulation No. 33/POJK.04/2014 OJK Regulation No. 33/POJK.04/2014 concerning the
concerning the Board of Directors and Board of Board of Directors and Board of Commissioners of
Commissioners of Issuers or Public Companies; Issuers or Public Companies, members of the Board
c. OJK Regulation No. 30/POJK.05/2014 concerning of Commissioners may also resign from their position
Good Corporate Governance for Financing before their term of office ends. Subsequently, the
Companies as amended by OJK Regulation No. Company is obliged to hold a GMS to decide on
29/POJK.05/2020; the resignation request, no later than 90 days after
d. The Company’s Articles of Association; receipt of said resignation request. Regarding the
e. The Charter of the Board of Commissioners dated resignation request of a member of the Board of
July 29, 2021. Commissioners, the Company is also obliged to
disclose information to the public and submit it to
the OJK no later than 2 (two) working days after
receipt of the request and after the results of the
GMS are available.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 253
Page 256
Requirements for the Board of Commissioners member of the Board of Directors, person
Members of the Company’s Board of Commissioners executing management duties, or member
must fulfill all fit and proper test requirements, of the Board of Commissioners found
in accordance with Financial Services Authority guilty of causing a company to be declared
Regulation Number 27/POJK.03/2016 concerning bankrupt within the last 5 (five) years prior to
Fit and Proper Test for Main Parties of Non-Bank nomination.
Financial Services Institutions and OJK Circular 3. Competency Factors which include:
Letter Number 31/SEOJK.05/2016 concerning Fit and a. Knowledge and ability in strategic
Proper Test for Main Parties of Non-Bank Financial management conducted to ensure that
Services Institutions. The fit and proper requirements members of the Board of Commissioners:
that must be fulfilled by a member of the Board 1) Have adequate and relevant knowledge
of Commissioners of a Financing Company are as for their position;
follows: 2) Have an understanding of laws and
1. Integrity Factors which include: regulations;
a. Legally competent to perform legal acts; 3) Have the ability to carry out strategic
b. Possesses good character and morals, at least management in the context of developing
demonstrated by an attitude of complying a sound business
with applicable regulations, including b. Experience in the field of Non-Bank Financial
never having been convicted of a criminal Services Institutions and/or other fields
offense within a certain period before being relevant to their position; and
nominated, covering: c. Expertise in the field of Non-Bank Financial
1) Criminal offenses in the financial services Services Institutions and/or other fields
sector for which the sentence has been relevant to their position.
completed within the last 20 years prior to
nomination; Structure of the Board of Commissioners
2) Criminal offenses, i.e., crimes listed The structure of the Company’s Board of
in the Criminal Code (KUHP) and/or Commissioners consists of at least 3 (three) members
similar offenses abroad punishable by of the Board of Commissioners, in line with the
imprisonment of 1 year or more, for which Company’s Articles of Association, with the following
the sentence has been completed within composition:
the last 10 years prior to nomination; and/ • 1 (one) President Commissioner;
or • 2 (two) or more Commissioners, with the
3) Other criminal offenses punishable by provision that among the members of the
imprisonment of 1 (one) year or more, Board of Commissioners, 1 (one) person may
including corruption, money laundering, be appointed as Vice President Commissioner
narcotics/psychotropics, smuggling, and from among the members of the Board of
customs, excise, human trafficking, illegal Commissioners, some may concurrently serve
arms trafficking, terrorism, counterfeiting as Independent Commissioners who are not
currency, in the field of taxation, in the affiliated with the main shareholders, members
field of forestry, in the field of environment, of the Board of Directors, and/or other members
and in the field of marine and fisheries, for of the Board of Commissioners.
which the sentence has been completed
within the last 20 (twenty) years prior to Composition of the Board of Commissioners
nomination; The Company’s Board of Commissioners is currently
c. Has a commitment to comply with laws and determined based on the resolution of the
regulations and to support OJK policies; Extraordinary GMS on June 30, 2025, consisting of 5
d. Has a commitment to the development (five) members with the following composition:
of a sound Non-Bank Financial Services • 1 (one) President Commissioner and 4 (four)
Institution; Commissioners.
e. Not included as a party prohibited from being • 4 (four) members out of 5 (five) members of
a candidate for Main Party. the Board of Commissioners are domiciled in
2. Financial Reputation Factors which include: Indonesia.
a. Has no bad credit and/or bad financing; and • 2 (two) members out of 5 (five) members of
b. Has never been declared bankrupt and/or the Board of Commissioners, or 40% of the
has never been a shareholder, controller of an total members of the Board of Commissioners,
insurance company (who is not a shareholder), are Independent Commissioners, which is
254 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 257
Corporate
Governance
in accordance with OJK Regulation No. 33/ c) a member of the Board of Commissioners
Performance
POJK.04/2014 concerning the Board of Directors is a management official of an association Highlights
and Board of Commissioners of Issuers or Public carrying out functional duties to become a
Companies and exceeds the minimum number member of the board of commissioners at an
Opening
of Independent Commissioners required in OJK Institution based on an appointment by the
Regulation No. 30/POJK.05/2014 concerning Financial Services Authority; and/or
Good Corporate Governance for Financing d) a member of the Board of Commissioners Management
Report
Companies as amended by OJK Regulation No. holds a position in a non-profit organization
29/POJK.05/2020 and further amended by OJK or institution.
Corporate
Regulation No. 48 of 2024 concerning Good Profile
Governance for Financing Institutions, Venture As long as the person concerned does not neglect the
Capital Companies, Microfinance Institutions, implementation of their duties and responsibilities Management
and Other Financial Services Institutions. as a member of the Board of Commissioners of the Discussion
and Analysis
Financing Company.
Concurrent Positions of Members of the Board
Environmental
of Commissioners Furthermore, as a public company, members of and Social
Responsibility
In accordance with the provisions of OJK Regulation the Company’s Board of Commissioners are also
No. 30/POJK.05/2014 as amended by OJK Regulation subject to provisions regarding concurrent positions
Supporting
No. 29/POJK.05/2020 and further amended by regulated in OJK Regulation No. 33/POJK.04/2014 Data
OJK Regulation No. 48 of 2024 concerning Good concerning the Board of Directors and Board of
Governance for Financing Institutions, Venture Commissioners of Issuers or Public Companies,
Capital Companies, Microfinance Institutions, and which among other things stipulate as follows:
Other Financial Services Institutions, regarding 1. Members of the Board of Commissioners may
concurrent positions for members of the Board of hold concurrent positions as:
Commissioners, it is regulated as follows: a. Members of the Board of Directors in at most
1. Members of the Board of Commissioners are 2 (two) other issuers or public companies; and
prohibited from holding concurrent positions: b. Members of the Board of Commissioners
a) as members of the board of directors and/or in at most 2 (two) other issuers or public
executive officers at: companies.
1) other companies and/or institutions if they 2. In the event that a member of the Board of
already serve as members of the board of Commissioners does not concurrently serve as a
commissioners at 2 (two) other companies member of the board of directors, the member
and/or institutions; or of the Board of Commissioners may serve on at
2) more than 1 (one) other company and/ most 4 (four) other issuers or public companies.
or institution if they already serve as a 3. Members of the Board of Commissioners may
member of the board of commissioners at concurrently serve as members of committees in
1 (one) other company and/or institution; at most 5 (five) committees at issuers or public
b) as members of the board of commissioners companies where they also serve as members of
at more than 2 (two) other companies and/or the board of directors or members of the board of
institutions; commissioners.
c) in other positions that may create a conflict of 4. In the event that there are other laws and
interest in carrying out duties as a member of regulations governing provisions regarding
the Board of Commissioners; and/or concurrent positions that differ from the
d) in other positions in accordance with the provisions in this OJK Regulation, the provisions
provisions of laws and regulations. that are more strictly regulated shall apply.
2. Not considered concurrent positions as referred
to in paragraph (1) if: Based on the data we have up to the date of issuance
a) a non-independent member of the Board of of this Annual Report, all members of the Board of
Commissioners carries out functional duties Commissioners of Adira Finance still comply with
from a shareholder of the Financing Institution the provisions on concurrent positions as regulated
in the form of a legal entity to become a in OJK Regulation No. 30/POJK.05/2014, POJK
member of the board of commissioners in a No. 29/POJK.05/2020, and OJK Regulation No. 33/
subsidiary within its business group; POJK.04/2014.
b) a member of the Board of Commissioners
is a management official of an association
carrying out functional duties to become a
member of the board of commissioners in a
subsidiary controlled by the association;
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 255
Page 258
The composition of the Company’s Board of Commissioners still serving at the time of issuance of this 2025
Annual Report is:
Member
Name Domicile Position Year Ended Other Positions Outside the Company
Since
Daisuke Jakarta President October 10, Closing of the President Director of PT Bank Danamon
Ejima Commissioner 2023 AGMS for the Indonesia Tbk
2028 Financial
Year
Krisna Jakarta Independent May 18, 2016 Closing of the 1. President Commissioner/Independent
Wijaya Commissioner AGMS for the Commissioner of PT Jaminan Kredit
2028 Financial Indonesia
Year 2. Advisory Board of Infobank Magazine
3. President Commissioner/Independent
Commissioner of PT Brilian Indah
Gemilang
4. Member of the Sharia Supervisory
Board of PT Chub Syariah Insurance
5. Member of the Clarification/
Presentation Assessment Team for
the Fit and Proper Test in the Banking
Sector, Financial Services Authority
Manggi Jakarta Independent August 31, Closing of the 1. Independent Commissioner of PT
Taruna Commissioner 2021 AGMS for the ABM-Investama Tbk
Habir 2028 Financial 2. Independent Member of the Audit
Year Committee and Risk Monitoring
Committee of PT Bank Jago Tbk
3. President Commissioner/Independent
Commissioner of PT Berdayakan Usaha
Indonesia
Congsin Thailand Commissioner December Closing of the 1. Head of Krungsri Auto Group (resigning
Congcar 28, 2020 AGMS for the as of December 31, 2025)
2028 Financial 2. Director of Ayudhya Capital Services
Year Co., Ltd.
Honggo Jakarta Commissioner June 26, Closing of the Deputy President Director of PT Bank
Widjojo 2025 AGMS for the Danamon Tbk
Kangmasto 2028 Financial
Year
Information regarding the work experience and educational background of each member of the Board of
Commissioners can be found in the Company Data - Board of Commissioners Profile section.
Duties of Members of the Board of Commissioners
In line with their respective competencies and areas of expertise, several members of the Board of Commissioners
serve concurrently as chairmen and members of committees under the Board of Commissioners, as detailed
below:
Committee Committee Membership by Members of the Board of Commissioners
Audit Committee 1. Manggi Taruna Habir (Chairman)
Risk Oversight Committee 1. Krisna Wijaya (Chairman)
2. Manggi Taruna Habir (Member)
Nomination and Remuneration 1. Manggi Taruna Habir (Chairman)
Committee 2. Daisuke Ejima (Member)
3. Honggo Widjojo Kangmasto (Member)
Corporate Governance Committee 1. Krisna Wijaya (Chairman)
Duties and Responsibilities of the President Commissioner
The President Commissioner of Adira Finance has the following duties and responsibilities:
1. Supervising and providing input to the Board of Directors regarding the Company’s strategy and business
development;
2. Supervising and providing input to the Board of Directors regarding the Company’s nomination and
remuneration policies;
3. Supervising and providing input to the Board of Directors regarding the development and evaluation of
nomination and remuneration policies for the Board of Commissioners, the Board of Directors, and the
Company’s Sharia Supervisory Board; and
4. Supervising and providing input to the Board of Directors regarding the implementation of good corporate
governance.
256 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 259
Corporate
Governance
Independence of the Board of Commissioners
Performance
To maintain independence, each member of the Board of Commissioners of Adira Finance is not permitted Highlights
to have family, financial, management, or share ownership relationships with other members of the Board of
Commissioners or members of the Company’s Board of Directors.
Opening
The tables below show the presence or absence of family, financial, management, or share ownership
relationships among members of the Board of Commissioners. Management
Report
Family Relationship:
Corporate
Profile
Family Relationship with:
Controlling
Board of Commissioners Board of Directors
Shareholder Management
Discussion
and Analysis
MUFG Bank, Ltd.
Sylvanus Gani K.
Honggo Widjojo
Niko Kurniawan
Ricky Gunawan
Bonggowarsito
Manggi Taruna
Daisuke Ejima
Indonesia Tbk
Krisna Wijaya
I Dewa Made
Sigit Hendra
No. Name
Swandajani
Kangmasto
Denny Riza
Harry Latif
Danamon
Mendrofa
Gunawan
Congcar
PT Bank
Congsin
Gunadi
Susila
Habir
Farib
Environmental
and Social
Responsibility
Supporting
Data
1. Daisuke Ejima - - - - - - - - - - - - - -
2. Krisna Wijaya - - - - - - - - - - - - - -
3. Manggi Taruna Habir - - - - - - - - - - - - - -
4. Congsin Congcar - - - - - - - - - - - - - -
5. Honggo Widjojo
- - - - - - - - - - - - - -
Kangmasto
Financial Relationship:
Financial Relationship with:
Controlling
Board of Commissioners Board of Directors
Shareholder
MUFG Bank, Ltd.
Sylvanus Gani K.
Honggo Widjojo
Niko Kurniawan
Ricky Gunawan
Bonggowarsito
Manggi Taruna
Daisuke Ejima
Indonesia Tbk
Krisna Wijaya
I Dewa Made
Sigit Hendra
No. Nama
Swandajani
Kangmasto
Denny Riza
Harry Latif
Danamon
Mendrofa
Gunawan
Congcar
PT Bank
Congsin
Gunadi
Susila
Habir
Farib
1. Daisuke Ejima - - - - - - - - - - - - √ -
2. Krisna Wijaya - - - - - - - - - - - - - -
3. Manggi Taruna Habir - - - - - - - - - - - - - -
4. Congsin Congcar - - - - - - - - - - - - - -
5. Honggo Widjojo
- - - - - - - - - - - - √ -
Kangmasto
Noter:
Daisuke Ejima and Honggo Widjojo Kangmasto are the President Director and Deputy President Director, respectively, of PT Bank Danamon
Indonesia Tbk
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 257
Page 260
The table below shows the management and ownership relationships of members of the Company’s Board
of Commissioners in other financing companies as of the date of publication of this 2025 Annual Report, as
follows:
Management and Ownership in Other Financing
Companies
Information As Member of As Member of
Detailed Explanation
the Board of the Board of As Shareholder
Commissioners Directors
Board of Commissioners Yes No Yes No Yes No
Daisuke Ejima - √ - √ - √ All members of the Board
of Commissioners do not
Krisna Wijaya - √ - √ - √ have any management or
Manggi Taruna Habir - √ - √ - √ ownership relationships in
other financing companies.
Congsin Congcar - √ - √ - √
Honggo Widjojo Kangmasto - √ - √ - √
Reporting Obligations of the Board of Commissioners
Members of the Board of Commissioners must report to the Company periodically or upon changes in:
• Their or their family’s share ownership of 5% or more, either in Adira Finance or in other companies domiciled
in Indonesia or abroad.
• Concurrent positions held, either in Adira Finance or in other companies or institutions.
Share Ownership, Either Direct Or Indirect In Companies, Financing Companies And Other Companies By
The Board Of Commissioners
Share Ownership
Family at Adira
Name Adira Other Financing Finance, Other
Other Companies
Finance Companies Financing Companies
and Other Companies
Daisuke Ejima - - - -
Krisna Wijaya - - - -
Manggi Taruna Habir - - - -
Congsin Congcar - - - -
Honggo Widjojo - - 1,573,300 shares in -
Kangmasto PT Bank Danamon
Indonesia Tbk
The status of passing the Fit and Proper Test of Members of the Board of Commissioners on the issuance date
of this 2024 Annual Report is as follows:
Passing Date of
Name Fit and Proper Description
Test
Daisuke Ejima July 2, 2025
Krisna Wijaya July 3, 2025
Manggi Taruna Habir July 2, 2025
The organizer of the fit and proper test is the Financial Services Authority.
Congsin Congcar July 1, 2025
Honggo Widjojo June 26, 2025
Kangmasto
258 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 261
Corporate
Governance
Certification of Member of the Board of Commissioners
Performance
In accordance with the provisions of Article 65 Paragraph (3) of OJK Regulation No. 35/POJK.05/2018 concerning Highlights
the Business Operations of Financing Companies, members of the Board of Commissioners of a Financing
Company are required to possess basic-level certification in the financing sector from an institution appointed
Opening
by the association.
The certification data for members of the Board of Commissioners of Adira Finance is as follows: Management
Report
Name Position Certification Date Issuing Institution
Daisuke Ejima President Basic Financing May 26, 2023 Corporate
Profile
Commissioner Certification
Krisna Wijaya Independent Basic Financing November 22, 2016
Commissioner Certification Management
Discussion
and Analysis
Manggi Taruna Independent Basic Financing May 28, 2021 Indonesian Financing Professional
Habir Commissioner Certification Certification Institute
Congsin Congcar Commissioner Basic Financing June 25, 2020 Environmental
and Social
Certification Responsibility
Honggo Widjojo Commissioner Basic Financing April 30, 2025
Kangmasto Certification Supporting
Data
Based on the matters mentioned above, it can be • All 5 (five) members of the Company’s Board
concluded that: of Commissioners have obtained basic-level
• All 5 (five) members of the Board of Commissioners financing certification in the financing sector
exceed the minimum requirements stipulated in from an institution appointed by the Indonesian
the Company’s Articles of Association. Financing Companies Association (APPI).
• All members of the Board of Commissioners have
fulfilled the requirements of financing company Decisions of the Board of Commissioners in 2025
regulations, including the conditions for passing 1. Decision of the Board of Commissioners regarding
the fit and proper test. the Approval of the Board of Commissioners to
• Each member of the Board of Commissioners the Board of Directors in connection with Article
has no family relationship or blood relation up to 12 Paragraph 4 of the Articles of Association dated
the second degree with fellow members of the July 30, 2025.
Board of Commissioners and/or members of the 2. Decision of the Board of Commissioners regarding
Company’s Board of Directors. the Implementation of the Extraordinary General
• The Company’s Independent Commissioners, Meeting of Shareholders dated June 2, 2025.
namely Krisna Wijaya and Manggi Taruna Habir, 3. Decision of the Board of Commissioners regarding
have no family relationship or blood relation up the Implementation of the Extraordinary General
to the second degree with fellow members of Meeting of Shareholders dated March 3, 2025.
the Board of Commissioners and/or members 4. Decision of the Board of Commissioners
of the Company’s Board of Directors, have no regarding the Composition of the Nomination and
financial and management relationships with Remuneration Committee Members of PT Adira
shareholders, thus fulfilling the requirements Dinamika Multi Finance Tbk dated April 9, 2025.
to serve as independent commissioners in 5. Decision of the Board of Commissioners regarding
accordance with provisions in the capital market the Reappointment of Members of the Risk
sector (OJK Regulation No. 33/POJK.04/2014 Monitoring Committee of PT Adira Dinamika Multi
concerning the Board of Directors and Board of Finance Tbk dated April 9, 2025.
Commissioners of Issuers or Public Companies).
• Each member of the Board of Commissioners Approvals of the Board of Commissioners in 2025
does not hold concurrent positions as a member 1. Approval of the Composite Rating of Financial
of the Board of Commissioners, as a member Soundness Level for 2025.
of the Board of Directors, or as a shareholder in 2. Approval of changes to the composition of the
other financing companies. Company’s Nomination and Remuneration
• The composition of the number of Independent Committee.
Commissioners is 40%, which fulfills the 3. Approval of the Realization of the Company’s
minimum number required by the Financial Business Plan for 2025.
Services Authority Regulation, which is a 4. Approval of the Agenda for the 2025 Annual General
minimum of 30% of the total members of the Meeting of Shareholders and the Appointment of
Board of Commissioners. Krisna Wijaya as chair of the meeting.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 259
Page 262
5. Approval of the Appointment of Liana Ramon Generally, the introduction/orientation material
Xenia & Rekan (a member firm of Deloitte Asia includes:
Pacific and the Deloitte Global Network) as the 1. General Knowledge of Financing Companies.
Public Accounting Firm for the 2025 fiscal year 2. Principles of Good Corporate Governance.
and Elisabeth Imelda as the Public Accountant 3. Explanation of Adira Finance, starting from
for the 2025 fiscal year. its vision, mission, philosophy, history of
6. Approval of the Revision to the Annual Business establishment, business activities, business
Plan for the 2025 fiscal year. performance, financial and non-financial
7. Approval of Guidelines for Restructuring condition, long-term, medium-term, and short-
Financing Receivables/Productive Assets. term strategies, company strengths, as well as
8. Approval of the Risk Management opportunities and challenges constantly faced by
Implementation Guidelines for 2025. the Company.
9. Approval of Financing Policy for Financing 4. Structure of Company Organs, duties and
Product Programs. responsibilities of each company organ, and
10. Approval of the 2025 Risk Appetite Statement control system policies.
(RAS) Review.
11. Approval of the Memorandum on Market and In 2025, there was a new member of the Board
Liquidity Risk Limits for 2025. of Commissioners, namely Honggo Widjojo
12. Approval of the Company's Business Plan Kangmasto. The introduction program for the new
Realization for the First Half of 2025. member of the Board of Commissioners was carried
13. Approval of the Annual Business Plan for the out by the Corporate Secretary.
2026 fiscal year.
14. Approval of the Sustainable Finance Action Plan INDEPENDENT COMMISSIONERS
for the 2026 fiscal year. Adira Finance is required to have Independent
Commissioners totaling at least 30% of all members
Recommendations of the Board of of the Company’s Board of Commissioners in
Commissioners in 2025 accordance with the provisions of OJK Regulation
1. Providing recommendations and input on the Number 33/POJK.04/2014 dated December 8,
budget plan and annual plan submitted by the 2014, concerning the Board of Commissioners and
Board of Directors. Board of Directors of Issuers. In addition to the
2. Providing recommendations and input on the above provisions, Independent Commissioners
Company’s Strategy. are also regulated in OJK Regulation Number
3. Providing recommendations and input on the 29/POJK.05/2020 concerning Good Corporate
development of the Company’s human resources Governance for Financing Companies, which
and information technology. stipulates that a Financing Company must have at
4. Providing recommendations and input to the least 1 (one) Independent Commissioner.
Audit Committee, Risk Management Committee,
Nomination & Remuneration Committee, and The members of the Independent Commissioners
Corporate Governance Committee so that the of Adira Finance at the time this Annual Report was
performance and role of these Committees prepared consist of 2 (two) out of the total number of
continuously improve over time. members of the Company’s Board of Commissioners,
which amounts to 5 (five) people, or constitute 40%
Orientation/Introduction Program for New of the total members of the Company’s Board of
Members of the Board of Commissioners Commissioners. The term of office for both members
The Company has a policy for an introduction/ of the Independent Commissioners of Adira Finance
orientation program for members of the Board will end at the Company’s Annual GMS for the 2028
of Commissioners who are appointed for the first fiscal year, which must be held no later than the end
time. This program aims to enable new members of June 2029.
of the Board of Commissioners to gain an in-depth
understanding of Adira Finance. This introduction/ In addition to fulfilling the requirements as members
orientation program is conducted in the form of of the Board of Commissioners and passing the
presentations, provision of written materials, visits fit and proper test conducted by the Financial
to business networks, and direct meetings with Services Authority, members of the Independent
internal parties of Adira Finance with whom they will Commissioners must fulfill the following
interact while carrying out their duties as members requirements:
of the Board of Commissioners. This introduction/ 1. Not a person who works or has the authority and
orientation program is implemented by the responsibility to plan, lead, control, or supervise
Corporate Secretary. the Company’s activities within the last 6 months,
260 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 263
Corporate
Governance
except for reappointment as an Independent appointed as members of the Independent
Performance
Commissioner for the subsequent period; Commissioners to the Board of Directors and Highlights
2. Does not own shares, either directly or indirectly, Board of Commissioners.
in the Company; 3. The Board of Directors and Board of
Opening
3. Has no affiliated relationship with the Commissioners will propose the appointment
Company, members of the Company’s Board of the Independent Commissioner to the
of Commissioners, members of the Company’s Company’s GMS. Management
Report
Board of Directors, or the Company’s Major 4. The appointment of Independent Commissioner
Shareholders; members is carried out by the GMS.
Corporate
4. Has no business relationship, either directly or Profile
indirectly, related to the Company’s business Before being appointed as Independent
activities. Commissioners, each candidate for Independent Management
Commissioner must sign an independence Discussion
and Analysis
Procedure for Selecting Independent Commissioner statement referring to the Financial Services
Members: Authority Regulation Number 33/POJK.04/2014
Environmental
1. The Board of Directors has the right to concerning the Board of Directors and Board of and Social
Responsibility
propose names of candidates for Independent Commissioners of Issuers or Public Companies. This
Commissioner members to the Company’s independence statement is renewed annually to
Supporting
Nomination and Remuneration Committee. ensure that the independence requirements of each Data
Proposed candidates must meet the competency Independent Commissioner are still met.
and independence requirements necessary as
members of the Independent Commissioners. The Independence Status of the Independent
2. The Nomination and Remuneration Committee Commissioner Members as of the date of issuance of
will conduct interviews and examine the this 2025 Annual Report is as follows:
requirements of the proposed candidates. Date of Most Recent
Name of Independent
After conducting interviews and examining No. Independence
Commissioner
the candidate’s requirements, the Nomination Statement Letter
and Remuneration Committee will submit 1. Krisna Wijaya March 10, 2025
recommendations regarding candidates to be 2. Manggi Taruna Habir March 10, 2025
Manggi Taruna
OJK Independence Criteria Krisna Wijaya
Habir
Not a person working or having the authority and responsibility to plan, lead,
control or supervise the Company’s activities within the last 6 months, except √ √
for re-appointment as an Independent Commissioner in the following period.
Not having any share directly or indirectly with the Company. √ √
Not having any affiliation with the Company, members of the Board of
Commissioners of the Company, members of the Board of Directors of the √ √
Company, or the main shareholders of the Company.
Not having direct or indirect business relationships related to the Company’s
√ √
business activities.
Board of Commissioners Meetings
Board of Commissioners meetings are held at least 1 (one) time every 2 (two) months, and at least 1 (one)
meeting must be attended by all members of the Board of Commissioners, unless deemed necessary by 1
(one) member of the Board of Commissioners, or upon a written request from 1 (one) or more members of the
Board of Directors, or upon a request from 1 (one) or more shareholders collectively holding 1/10 of the total
issued shares of the Company with valid voting rights. A Board of Commissioners meeting is valid and can only
make binding decisions if more than 1/2 of the total number of Commissioners are present or represented at
the meeting.
Decisions of the Board of Commissioners Meeting must be made based on deliberation to reach consensus. If
a consensus decision cannot be reached, then the decision is made by voting with approval from more than
1/2 of the votes validly cast in the meeting. If the affirmative and negative votes are balanced, the proposal is
considered rejected. Each member of the Board of Commissioners present at the meeting has the right to
cast 1 (one) vote plus an additional 1 (one) vote for each other member of the Board of Commissioners they
represent.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 261
Page 264
Any member of the Board of Commissioners who personally, in any way, directly or indirectly, has an interest
in a transaction, contract, or proposed contract to which the Company is a party must declare the nature of
their interest in a Board of Commissioners Meeting and is not entitled to participate in voting related to matters
connected with that transaction or contract, unless the Board of Commissioners Meeting decides otherwise.
The Board of Commissioners may also make valid and binding decisions without holding a Board of
Commissioners Meeting, provided that all members of the Board of Commissioners have given their written
approval for the proposed matter and signed such approval. Decisions made in this manner have the same
force as decisions validly made at a Board of Commissioners Meeting.
Throughout 2025, the Board of Commissioners held 6 (six) Board of Commissioners Meetings, with a
Commissioner attendance rate reaching 97%. This attendance rate demonstrates the high commitment of
all members of the Company’s Board of Commissioners and has fulfilled the minimum meeting attendance
requirements as regulated in OJK Regulation Number 30/POJK.05/2014 concerning Good Corporate Governance
for Financing Companies, where the minimum attendance at meetings is 75% per year.
The attendance list for Board of Commissioners Meetings during 2025 is as follows:
Date
Name
23 Jan 26 Mar 8 Mei 30 Jul 8 Oct 27 Nov
Daisuke Ejima √ √ √ √ √ √
Krisna Wijaya √ √ √ √ √ √
Manggi Taruna Habir √ √ √ - √ √
Eng Heng Nee Philip*) √ - - - - -
Congsin Congcar √ √ √ √ √ √
Hafid Hadeli **)
√ - - - - -
Honggo Widjojo Kangmasto ***)
- - - √ √ √
*)
Resigned effective as of the closing of the AGM on March 25, 2025.
**)
Retired effective as of the closing of the AGM on March 25, 2025.
***)
Appointed at the AGM on March 25, 2025 and effective after passing the fit and proper test from OJK dated June 26, 2025.
A brief report of the Board of Commissioners Meetings during 2025 is as follows:
No. Date Agenda
1. January 23, 2025 - Report from the Audit Committee
- Report from the Risk Oversight Committee
- Plan for the 2025 AGMS
2. March 26, 2025 - Report from the Audit Committee
- Report from the Nomination & Remuneration Committee
3. May 8, 2025 - Report from the Audit Committee
- Report from the Risk Monitoring Committee
4. July 30, 2025 - Report from the Audit Committee
- Report from the Risk Monitoring Committee
- Update on Transaction Limit Approval
5 October 8, 2025 - Report from the Audit Committee
6 November 27, 2025 - Report from the Audit Committee
- Report from the Risk Monitoring Committee
- Approval of the Agenda for the EGMS in January 2026
262 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 265
Corporate
Governance
The number of members of the Board of Commissioners present at the Board of Commissioners Meetings
Performance
throughout 2025 is as follows: Highlights
Number of Number of % of
Name Reason for Absence
Meetings Attendance Attendance
Opening
Daisuke Ejima 6 6 100 -
Krisna Wijaya 6 6 100 -
Management
Report
Manggi Taruna Habir 6 5 83 Illness
Eng Heng Nee Philip*) 1 1 100 -
Corporate
Profile
Congsin Congcar 6 6 100 -
Hafid Hadeli**) 1 1 100 -
Management
Honggo Widjojo Kangmasto***) 3 3 100 - Discussion
and Analysis
*)
Resigned effective as of the closing of the AGM on March 25, 2025.
**)
Retired effective as of the closing of the AGM on March 25, 2025.
***)
Appointed at the AGM on March 25, 2025 and effective after passing the fit and proper test from OJK dated June 26, 2025. Environmental
and Social
Responsibility
Joint Meeting of the Board of Commissioners and Board of Directors
The Company’s Board of Commissioners and Directors, in accordance with their respective duties and
Supporting
responsibilities, share the same obligation to maintain the Company’s business sustainability. The successful Data
implementation of this obligation can be seen from:
1. Maintaining the Company’s performance, as reflected in the financial statements audited by a Public
Accounting Firm and published to the public.
2. The control system is running well and the Company’s risk management is being managed effectively.
3. The principles of Good Corporate Governance have been implemented effectively and consistently by all
Company units.
4. The Company’s business performance is also enjoyed by shareholders in the form of dividend distributions.
5. The interests of all stakeholders are being maintained in a balanced and fair manner.
To ensure the Company’s business sustainability, the Company’s Board of Commissioners and Directors
regularly hold joint meetings to discuss the Company’s performance and address emerging or anticipated
issues in order to find the best solutions together.
During 2025, the Company’s Board of Commissioners and Board of Directors held 6 (six) joint meetings, with
99% attendance. This high attendance rate demonstrates the strong commitment of all members of the Board
of Commissioners and Board of Directors.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 263
Page 266
The attendance list for joint meetings of the Board of Commissioners and Board of Directors throughout 2025
is as follows:
Date
Name January 23, March 26, May 8, July 30, October 8, November 27,
2025 2025 2025 2025 2025 2025
Daisuke Ejima √ √ √ √ √ √
Krisna Wijaya √ √ √ √ √ √
Manggi Taruna Habir √ √ √ - √ √
Eng Heng Nee Philip *)
√ - - - - -
Congsin Congcar √ √ √ √ √ √
Hafid Hadeli**) √ - - - - -
Honggo Widjojo Kangmasto ***)
- - - √ √ √
I Dewa Made Susila √ √ √ √ √ √
Swandajani Gunadi √ √ √ √ √ √
Niko Kurniawan Bonggowarsito √ √ √ √ √ √
Harry Latif √ √ √ √ √ -
Denny Riza Farib √ √ √ √ √ √
Sigit Hendra Gunawan √ √ √ √ √ √
Sylvanus Gani K. Mendrofa √ √ √ √ √ √
Takanori Mizuno ****)
√ √ √ √ √ -
Ricky Gunawan****) - - - √ √ √
*)
Retireed effective as of the closing of the AGMS on March 25, 2025
***)
Appointed at the AGMS on March 25, 2025
****)
Appointed at the AGM on March 25, 2025 and effective after passing the fit and proper test from OJK dated June 26, 2025.
****)
As of October 1, 2025, no longer a member of the Company's Board of Directors
*****)
Appointed at the AGM on March 25, 2025, and effective after passing the OJK's competency and suitability test dated June 30, 2025
The number of members of the Board of Commissioners and Directors present at Joint Meetings during 2025
is as follows:
Number of Number of % of
Name Reason for Absence
Meetings Attendance Attendance
Daisuke Ejima 6 6 100 -
Krisna Wijaya 6 6 100 -
Manggi Taruna Habir 6 5 83 Illness
Eng Heng Nee Philip*) 1 1 100 -
Congsin Congcar 6 6 100 -
Hafid Hadeli**) 1 1 100 -
Honggo Widjojo Kangmasto***) 3 3 100 -
I Dewa Made Susila 6 6 100 -
Swandajani Gunadi 6 6 100 -
Niko Kurniawan Bonggowarsito 6 6 100 -
Harry Latif ****)
5 5 100 -
Denny Riza Farib 6 6 100 -
Sigit Hendra Gunawan 6 6 100 -
Sylvanus Gani K. Mendrofa 6 6 100 -
Takanori Mizuno ****)
5 5 100 -
Ricky Gunawan *****)
3 3 100 -
*)
Resigned effective as of the closing of the AGM on March 25, 2025.
**)
Retired effective as of the closing of the AGM on March 25, 2025.
***)
Appointed at the AGM on March 25, 2025 and effective after passing the fit and proper test from OJK dated June 26, 2025.
****)
As of October 1, 2025, no longer a member of the Company's Board of Directors.
*****)
Appointed at the AGM on March 25, 2025, and effective after passing the OJK's competency and suitability test dated June 30, 2025
264 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 267
Corporate
Governance
The brief report of the Joint Meeting of the Company’s Board of Commissioners and Directors during 2025 is
Performance
as follows: Highlights
No. Date Discussion Agenda
1. January 23, 2025 - Business & Financial Results Report for Fiscal Year 2024 Opening
- Target Plan & Key Initiatives for Fiscal Year 2025
- Other Reports
2. March 26, 2025 - Business Reports Management
- Project Reports Report
3. May 8 2025 - Routine Reports
- Special Reports - Gemba Corporate
- Other Reports - Project Harmony Profile
4. July 30, 2025 - ADMF Executive Summary for Semester I 2025
- Business & Financial Results Report
Management
- Other Reports Discussion
and Analysis
5. October 8, 2025 - CEO Report
- Financial and Business Reports
- Other Reports: MFIN Integration Environmental
and Social
6. November 27, 2025 - Business and Financial Performance Update for Q4 2025 Responsibility
- Business Plan, RBT, and Priorities for Fiscal Year 2026
- Other Reports
Supporting
Data
BOARD OF DIRECTORS 3. Submitting a work plan, including the Company’s
annual budget, to the Board of Commissioners
The Board of Directors is the Company’s organ that for approval, before the Company’s financial year
holds full authority and responsibility in managing begins;
the Company to achieve the aims and objectives 4. Managing and safeguarding the Company’s
of the Company, and acts as the Company’s assets to provide maximum benefit for the
representative both inside and outside of court in Company;
accordance with the provisions of the Articles of 5. Implementing the principles of Good Corporate
Association. Governance;
6. Implementing an effective internal control
Duties and Responsibilities of the Board of system to ensure the safeguarding of the
Directors Company’s wealth and resources;
Main duties of the Company’s Board of Directors: 7. Preparing the annual report in accordance with
1. In accordance with the provisions of Article the provisions of laws and regulations, signed
92 Paragraph 1 of Law Number 40 of 2007 by all members of the Board of Directors and
concerning Limited Liability Companies, the Board of Commissioners, to be submitted to the
Board of Directors is tasked with managing the Annual GMS as a form of accountability to the
Company for the benefit of the Company and in shareholders. In the event that any member of
accordance with the aims and objectives of the the Board of Directors or Board of Commissioners
Company. does not sign the annual report, the reasons must
2. In accordance with the provisions of Article be provided in writing;
12 Paragraph 1 of OJK Regulation Number 33/ 8. Submitting the Company’s financial statements
POJK.04/2014 concerning the Board of Directors to the public accountant appointed by the GMS
and Board of Commissioners of Issuers or Public for audit. The report or results of the public
Companies, the Board of Directors is tasked accountant’s audit are submitted in writing to
with carrying out and being responsible for the the Annual GMS through the Board of Directors;
management of the issuer or public company 9. Opening branch offices and/or representative
for the benefit of the issuer or public company offices at the Company’s domicile and in other
in accordance with the aims and objectives of places, within and/or outside the territory of the
the issuer or public company as stipulated in the Republic of Indonesia;
articles of association. 10. Holding and maintaining a Register of
Shareholders and a Specific Register at the
In carrying out these main duties, the Board of Company’s domicile, or appointing and
Directors has the following tasks, among others: authorizing a Securities Administration Bureau to
1. Formulating and evaluating the Company’s carry out the recording of shares in the Register
vision, mission, and values, to then be submitted of Shareholders and Specific Register;
to the Board of Commissioners for approval;
2. Formulating long-term, medium-term, and
short-term strategies to then be approved by the
Board of Commissioners;
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 265
Page 268
11. Organizing the GMS in accordance with the The Board of Directors must obtain prior
provisions of the articles of association and written approval or have related documents
applicable laws and regulations; co-signed by the Board of Commissioners;
12. Implementing every resolution of the GMS. such approval may be given for a single action
or more than one action and may be reviewed
Authority of the Board of Directors from time to time, all without prejudice to
The Board of Directors has the authority: laws and regulations;
1. The Board of Directors represents the Company 4. Transferring the Company’s assets or providing
inside and outside of court in all matters and in collateral for the Company’s debts amounting to
all events; more than 50% (fifty percent) of the Company’s
2. Binding the Company with other parties and total net assets as stated in the Company’s
other parties with the Company; latest financial statements audited by a public
3. Carrying out all actions, both concerning accountant, in 1 (one) or more transactions,
management and ownership, subject to the whether related to one another or not, must
following restrictions and conditions for: obtain approval from the General Meeting of
a. entering into lease agreements, factoring Shareholders.
agreements, or consumer financing
agreements with other parties, or providing Charter of the Board of Directors
money loan facilities or financing facilities In carrying out their duties and responsibilities, the
that resemble or result in the provision of Board of Directors of Adira Finance is guided by:
money loans to other parties, exceeding the a. Law No. 40 of 2007 concerning Limited Liability
amount from time to time determined by the Companies;
Board of Commissioners; or b. OJK Regulation No. 33/POJK.04/2014
b. binding the Company as a guarantor or surety concerning the Board of Directors and Board of
(borgtocht), or being otherwise responsible Commissioners of Issuers or Public Companies;
for the payment obligations of other parties; c. OJK Regulation No. 30/POJK.05/2014 concerning
or Good Corporate Governance for Financing
c. establishing a new company, making or Companies as amended by OJK Regulation No.
increasing capital participation (except for 29/POJK.05/2020;
increases in capital participation in connection d. The Company’s Articles of Association;
with the issuance of dividend shares or bonus e. The Charter of the Board of Directors dated May
shares or in connection with credit recovery 3, 2021.
efforts), or reducing capital participation in
other companies, without prejudice to the The Charter of the Board of Directors of Adira Finance
approval of the competent authority; or regulates, among others:
d. borrowing money from other parties or i. Legal Basis;
accepting credit facilities or other banking ii. Organization;
facilities that cause the Company to owe iii. Requirements for Members of the Board of
debts to other parties exceeding the amount Directors;
from time to time determined by the Board of iv. Appointment, Resignation, and Dismissal;
Commissioners; or v. Term of Office;
e. writing off or removing the Company’s vi. Independence;
receivables from the books exceeding the vii. Duties and Responsibilities;
amount from time to time determined by the viii. Authority;
Board of Commissioners; or ix. Concurrent Positions of Members of the Board of
f. transferring or releasing the Company’s right Directors;
to collect its written-off receivables, exceeding x. Orientation for New Members of the Board of
the amount from time to time determined by Directors;
the Board of Commissioners; or xi. Transparency;
g. selling or transferring or releasing rights, or xii. Work Ethics;
pledging/encumbering the Company’s assets, xiii. Meetings;
whether in a single transaction or in several xiv. Reporting and Accountability;
transactions that are independent or related xv. Training;
to one another, in an amount exceeding the
amount from time to time determined by the
Board of Commissioners.
266 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 269
Corporate
Governance
The Charter of the Board of Directors has also been 5. At the GMS, the relevant member of the Board
Performance
uploaded on the Company’s official website at www. of Directors is given the opportunity to defend Highlights
adira.co.id. themselves.
6. If the GMS confirms the decision of temporary
Opening
Appointment, Dismissal, and Resignation of dismissal, the relevant member of the Board of
Members of the Board of Directors Directors is permanently dismissed.
7. If the period for holding the GMS lapses or the Management
Report
Appointment of members of the Board of Directors: GMS cannot reach a decision, the temporary
Regarding the appointment of members of the dismissal becomes void.
Corporate
Board of Directors, provisions include Article 94 of Profile
Law Number 40 of 2007 concerning Limited Liability Resignation of members of the Board of Directors:
Companies, Article 3 Paragraph 1 of OJK Regulation Regarding the resignation of members of the Board Management
Number 33/POJK.04/2014 concerning the Board of of Directors, provisions include Article 107 letter b of Discussion
and Analysis
Directors and Board of Commissioners of Issuers or Law Number 40 of 2007 concerning Limited Liability
Public Companies, and the Articles of Association of Companies, Article 8 of OJK Regulation Number 33/
Environmental
Adira Finance, which stipulate that the appointment POJK.04/2014 concerning the Board of Directors and Social
Responsibility
and dismissal of members of the Board of Directors and Board of Commissioners of Issuers or Public
are carried out through the GMS. Companies, and the Articles of Association of Adira
Supporting
Finance, which broadly stipulate: Data
Dismissal of members of the Board of Directors: 1. A member of the Board of Directors may resign
Regarding the dismissal of members of the Board of from their position before their term of office
Directors, provisions include Article 105 Paragraph ends.
9 of Law Number 40 of 2007 concerning Limited 2. In the event that a member of the Board of
Liability Companies, Article 10 of OJK Regulation Directors resigns, the relevant member of
Number 33/POJK.04/2014 concerning the Board of the Board of Directors is obliged to submit a
Directors and Board of Commissioners of Issuers or resignation request to the Company.
Public Companies, and the Articles of Association of 3. The Company is obliged to hold a GMS to decide
Adira Finance, which broadly stipulate that members on the resignation request of the Board of
of the Board of Directors can be dismissed at any Directors member no later than 90 (ninety) days
time based on a GMS resolution stating the reasons, after the receipt of the resignation request.
or upon the expiration of their term of office if not
reappointed by the GMS. Requirements for the Board of Directors
The requirements for members of the Board of
Temporary Dismissal of members of the Board of Directors of Adira Finance are regulated in the
Directors: Company Law, OJK Regulations, and the Company’s
Regarding the temporary dismissal of members of Articles of Association.
the Board of Directors, provisions include Article 106
Paragraph 9 of Law Number 40 of 2007 concerning Article 93 Paragraph 1 of the Company Law states
Limited Liability Companies, Article 10 of OJK that individuals who can be appointed as members
Regulation Number 33/POJK.04/2014 concerning of the Board of Directors are those who are legally
the Board of Directors and Board of Commissioners competent to perform legal acts, unless within the
of Issuers or Public Companies, and the Articles of last 5 (five) years prior to their appointment they
Association of Adira Finance, which broadly stipulate: have:
1. A member of the Board of Directors may a. been declared bankrupt;
be temporarily dismissed by the Board of b. been a member of the board of directors or
Commissioners, stating the reasons. board of commissioners found guilty of causing
2. The temporary dismissal must be notified in a company to be declared bankrupt; or
writing to the relevant member of the Board of c. been convicted of a criminal offense detrimental
Directors. to state finances and/or related to the financial
3. A temporarily dismissed member of the Board sector.
of Directors is not authorized to perform their
duties. Article 11 of OJK Regulation Number 30/POJK.05/2014
4. Within 30 days (according to Law Number 40 of concerning Good Corporate Governance for
2007 concerning Limited Liability Companies) or Financing Companies stipulates the criteria for
90 days (according to OJK Regulation Number 33/ members of the Board of Directors of a Financing
POJK.04/2014 concerning the Board of Directors Company as follows:
and Board of Commissioners of Issuers or Public a. Able to act in good faith, honestly, and
Companies) after the date of temporary dismissal, professionally;
a GMS must be held to revoke or confirm the b. Able to act in the interests of the Company and/or
decision of temporary dismissal. stakeholders;
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 267
Page 270
c. Prioritize the interests of the Company and/or field of forestry, in the field of environment,
other stakeholders over personal interests; and in the field of marine and fisheries, for
d. Able to make decisions based on independent which the sentence has been completed
and objective assessment for the benefit of the within the last 20 (twenty) years prior to
Company and debtors, creditors, and/or other nomination;
stakeholders; and c. has a commitment to comply with laws and
e. Able to avoid abusing their authority to obtain regulations and to support OJK policies;
improper personal gain or cause loss to the d. has a commitment to the development
Company. of a sound Non-Bank Financial Services
Institution;
Members of the Company’s Board of Directors e. not included as a party prohibited from being
must fulfill all fit and proper test requirements, a candidate for Main Party.
in accordance with OJK Regulation Number 27/ 2. Financial Reputation Factors which include:
POJK.03/2016 dated July 22, 2016, concerning a. Has no bad credit and/or bad financing; and
Fit and Proper Test for Main Parties of Financial b. Has never been declared bankrupt and/or
Services Institutions, OJK Regulation Number 4/ has never been a shareholder, controller of an
POJK.05/2013 dated December 23, 2013, concerning insurance company (who is not a shareholder),
Fit and Proper Test for Main Parties in Insurance member of the board of directors, person
Companies, Pension Funds, Financing Companies, executing management duties, or member
OJK Circular Letter Number 31/SEOJK.05/2016 dated of the board of commissioners found
August 30, 2016, concerning Fit and Proper Test guilty of causing a company to be declared
for Main Parties of Non-Bank Financial Services bankrupt within the last 5 (five) years prior to
Institutions, and Article 10 of OJK Regulation Number nomination.
30/POJK.05/2014 concerning Good Corporate 3. Competency Factors which include:
Governance for Financing Companies. a. Knowledge and ability in strategic
management conducted to ensure that
The fit and proper requirements that must be members of the board of directors:
fulfilled by a member of the Board of Directors of a (1) have adequate and relevant knowledge
Financing Company are as follows: for their position;
1. Integrity Factors which include: (2) have an understanding of laws and
a. legally competent to perform legal acts; regulations;
b. possesses good character and morals, at least (3) have the ability to carry out strategic
demonstrated by an attitude of complying management in the context of developing
with applicable regulations, including a sound business
never having been convicted of a criminal b. Experience in the field of Non-Bank Financial
offense within a certain period before being Services Institutions and/or other fields
nominated, covering: relevant to their position; and
(1) criminal offenses in the financial services c. Expertise in the field of Non-Bank Financial
sector for which the sentence has been Services Institutions and/or other fields
completed within the last 20 years prior to relevant to their position.
nomination;
(2) criminal offenses, i.e., crimes listed Article 4 of OJK Regulation Number 33/POJK.04/2014
in the Criminal Code (KUHP) and/or concerning the Board of Directors and Board of
similar offenses abroad punishable by Commissioners of Issuers or Public Companies
imprisonment of 1 year or more, for which stipulates the requirements for members of the
the sentence has been completed within Board of Directors as follows:
the last 10 years prior to nomination; and/ a. Possess good character, morals, and integrity;
or b. Legally competent to perform legal acts;
(3) other criminal offenses punishable by c. Within 5 (five) years prior to appointment and
imprisonment of 1 (one) year or more, during their tenure:
including corruption, money laundering, i. Have never been declared bankrupt;
narcotics/psychotropics, smuggling, ii. Have never been a member of the Board of
customs, excise, human trafficking, illegal Directors and/or Board of Commissioners
arms trafficking, terrorism, counterfeiting found guilty of causing a company to be
currency, in the field of taxation, in the declared bankrupt;
268 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Corporate
Governance
iii. Have never been convicted of a criminal Concurrent Positions of Members of the Board
Performance
offense detrimental to state finances and/or of Directors Highlights
related to the financial sector; Regarding concurrent positions for members of the
iv. Have never been a member of the Board of Board of Directors of Adira Finance, they are regulated
Opening
Directors and/or Board of Commissioners in OJK Regulation Number 30/POJK.05/2014
who, during their tenure: concerning Good Corporate Governance for
1. Failed to hold the annual GMS; Financing Companies and OJK Regulation Number Management
Report
2. Had their accountability as a member 33/POJK.04/2014 concerning the Board of Directors
of the Board of Directors and/or Board and Board of Commissioners of Issuers or Public
Corporate
of Commissioners rejected by the GMS Companies. Profile
or failed to provide accountability as a
member of the Board of Directors and/or In accordance with the provisions of Article 9 of Management
Board of Commissioners to the GMS; and OJK Regulation No. 30/POJK.05/2014 concerning Discussion
and Analysis
3. Caused a company that obtained a license, Good Corporate Governance for Financing
approval, or registration from the OJK to Companies, members of the Board of Directors of
Environmental
fail to meet its obligation to submit annual a Financing Company are prohibited from holding and Social
Responsibility
reports and/or financial statements to the concurrent positions except as members of the
OJK. Board of Commissioners in at most 3 (three) other
Supporting
d. Have a commitment to comply with laws and financing companies. Concurrent positions are not Data
regulations; and considered as such if a member of the Board of
e. Have knowledge and/or expertise in the field Directors is responsible for supervising investments
required by the Issuer or Public Company. in subsidiaries engaged in the financing sector, or
carries out functional duties as a member of the
Based on the data held by the Company, up to the Board of Commissioners in a subsidiary controlled
date of issuance of this Annual Report, all members by the Company, provided that such concurrent
of the Board of Directors of Adira Finance have met positions do not cause the person concerned to
and continue to meet the requirements or criteria neglect the implementation of their duties and
stipulated in the Company Law, OJK Regulations, authority as a member of the Company’s Board of
Indonesia Stock Exchange Regulations, and the Directors.
Company’s Articles of Association.
The provisions regarding concurrent positions for
Structure of the Board of Directors members of the Board of Directors as regulated in
In accordance with the Company’s Articles of Article 6 of OJK Regulation Number 33/POJK.04/2014
Association, the structure of the Board of Directors concerning the Board of Directors and Board of
consists of at least 3 (three) members of the Board of Commissioners of Issuers or Public Companies are
Directors with the following composition: as follows:
• 1 (one) President Director; 1. Members of the Board of Directors may hold
• 2 (two) or more Directors, with the provision that concurrent positions as:
among the members of the Board of Directors, 1 a. Members of the Board of Directors in at most
(one) person may be appointed as Vice President 1 (one) other issuer or public company;
Director. b. Members of the Board of Commissioners
in at most 3 (three) other issuers or public
Composition of the Board of Directors companies; and/or
The Company’s Board of Directors is currently c. Members of committees in at most 5 (five)
determined based on the resolution of the committees at issuers or public companies
Extraordinary GMS on June 30, 2025, consisting of 8 where they also serve as members of the
(eight) members with the following composition: Board of Directors or members of the Board
• 1 (one) President Director, and 7 (seven) Directors. of Commissioners.
• All members of the Board of Directors are 2. Concurrent positions may only be held as long
domiciled in Indonesia. as they do not conflict with other laws and
• The majority of the Board of Directors members regulations.
have more than 5 (five) years of experience in the 3. In the event that there are other laws and
financial or banking sector. regulations governing provisions regarding
• There is 1 (one) female member of the Board of concurrent positions that differ from the
Directors, thus gender representation is fulfilled. provisions of this OJK Regulation, the provisions
that are more strictly regulated shall apply.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 269
Page 272
The composition of the Company’s Board of Directors as of December 31, 2025:
Other Positions Outside the
Name Domicile Position Member Since Year Ended
Company
I Dewa Made Jakarta President October 1, 2025 Closing of the AGMS for Commissioner PT Home
Susila Director the 2028 financial year Credit Indonesia
Swandajani Jakarta Director October 1, 2025 Closing of the AGMS for -
Gunadi the 2028 financial year
Niko Jakarta Director October 1, 2025 Closing of the AGMS for -
Kurniawan the 2028 financial year
Bonggowarsito
Harry Latif*) Jakarta Director October 1, 2025 Closing of the AGMS for -
the 2028 financial year
Denny Riza Bekasi Director October 1, 2025 Closing of the AGMS for -
Farib the 2028 financial year
Sigit Hendra Tangerang Director October 1, 2025 Closing of the AGMS for -
Gunawan Selatan the 2028 financial year
Sylvanus Jakarta Director October 1, 2025 Closing of the AGMS for -
Gani Kukuh the 2028 financial year
Mendrofa
Ricky Gunawan Jakarta Director Juny 30. 2025 Closing of the AGMS for -
the 2028 financial year
*) Resigned based on Resignation Letter dated October 31, 2025
Information regarding the work experience and · Oversees Company operations related to
educational history of each member of the Board of human resource and business network
Directors can be found in the Company Data section management to ensure the achievement
- Board of Directors Profile. of efficiency and effectiveness in line with
Company objectives.
Scope of Work and Responsibilities of Each · Responsible for the development of the
Member of the Board of Directors Company’s organization and its completeness
1. I Dewa Made Susila – President Director according to business needs.
· Develops strategic plans to achieve the · Monitors compliance and the implementation
Company’s vision, mission, and goals to of embedded supervision related to the
increase the Company’s revenue, profitability, company’s human resources and business
and growth. networks in accordance with regulatory
· Periodically evaluates and monitors the policies.
Company’s performance to ensure progress · Evaluates and develops resource management
and achievement of Company targets. strategies according to organizational
· Evaluates and monitors the Company’s developments and business needs.
operations to ensure efficiency and · Responsible for organizational and HR
effectiveness of quality, service, products, and development within the Directorate of
resource management. Human Resources & Corporate Real Estate
· Approves important Company Operational Management.
policies in accordance with applicable · Responsible for formulating Company policies
regulations. and strategies related to marketing, brand &
· Ensures governance compliance with communication, and Business Analytics.
regulatory policies to achieve the principles of · Oversees Company operations related to
Good Corporate Governance. marketing strategy, brand management &
communication, and business analytics.
2. Swandajani Gunadi – Director of Human · Develops customer-focused products and
Resources & Corporate Real Estate Management marketing programs according to market
and Marketing potential and business needs.
· Responsible for formulating Company
policies and strategies related to human
resource management, business networks,
and corporate culture.
270 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Corporate
Governance
· Monitors and evaluates the effectiveness 5. Denny Riza Farib – Director of Collection and
Performance
of product development and marketing Legal Highlights
program implementation for the short, · Leads and directs the formulation of
medium, and long term. policies and strategies related to Collection,
Opening
· Responsible for determining and managing Loan Recovery, and Loan Asset Recovery,
budgets related to marketing strategy, brand prioritizing prudential principles in the
management & communication. acquisition process and improving the quality Management
Report
· Responsible for organizational and HR of financing asset management.
development within the Marketing · Leads and directs the formulation of policies
Corporate
Directorate.. and strategies related to the Legal function in Profile
accordance with legal feasibility.
3. Niko Kurniawan Bonggowarsito – Director of · Responsible for the implementation of Management
Sales, Service and Distribution policies and improvements to enhance the Discussion
and Analysis
· Leads and directs the formulation of sales, implementation results of processes and
service, and distribution policies and supporting tools under the Directorate’s
Environmental
strategies to increase sales growth through coordination in line with company and and Social
Responsibility
business networks to achieve Company regulatory policies.
targets and objectives. · Ensures all relevant work units within the
Supporting
· Responsible for the implementation of Collection and Legal Directorate carry out Data
policies and improvements related to sales, work processes in accordance with company
service, and distribution of automotive and regulations.
non-automotive financing. · Responsible for organizational and HR
· Evaluates policies and strategies and provides development within the Collection and Legal
improvement solutions so that sales, service, Directorate.
and distribution targets can run well and
achieve set targets. 6. Sigit Hendra Gunawan – Director of Risk
· Ensures the Sales, Service & Distribution Management
Directorate operates in accordance with · Leads and directs the formulation of policies
Company or Regulatory regulations and and strategies related to risk management to
policies. minimize business risk to achieve Company
· Responsible for organizational and HR targets and objectives.
development within the Sales, Service & · Responsible for the implementation of
Distribution Directorate. policies and improvements to enhance the
Company’s risk management governance in
4. Harry Latif – Director of Business and Portfolio accordance with Company and Regulatory
· Leads and directs the formulation of Portfolio policies.
policies and strategies to increase growth · Evaluates policies and strategies and
through enhanced collaboration with multi- provides improvement solutions both in
channels, business ecosystems, and capacity terms of policies and processes related to risk
building to achieve Company targets and management.
objectives. · Ensures all work units within the Risk
· Responsible for the implementation of policies Management Directorate carry out work
and improvements to increase the market processes in accordance with Company
share of automotive and non-automotive Regulations.
financing (Market Leader). · Responsible for organizational and HR
· Evaluates the implementation of policies development within the Risk Management
and strategies and provides necessary Directorate.
improvement solutions to enhance business.
· Ensures the Portfolio Sales Directorate 7. Sylvanus Gani Kukuh Mendrofa – Director of
operates in accordance with company or Finance
Regulatory regulations and policies. · Leads and directs policies and strategies in
· Responsible for organizational and HR the financial field.
development within the Portfolio Sales · Leads and directs the formulation of business
Directorate. strategies, short-term, medium-term, and
long-term financial objectives and targets to
align with Company policies.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 271
Page 274
· Leads and directs the Company’s bookkeeping · Leads the development of business
and financial reporting activities to ensure a collaboration between Adira Finance-
financial system with appropriate controls, Danamon-MUFG Global and the ecosystem to
policies, and procedures to produce complete, support the Company’s business growth.
consistent, reliable, and timely financial · Initiates cooperation with group companies
information. related to the Company’s business to support
· Leads and directs activities to explore the business growth.
most advantageous funding sources to · Supports ADMF’s business transformation
support the Company’s business operations. and optimizes MUFG Global resources.
· Leads and directs all activities related to · Provides periodic updates to Company
Corporate Secretary & Investor Relations in management regarding the latest MUFG
accordance with Regulatory policies for the Global policies or regulations that have a
financing industry. direct or indirect impact on the Company.
· Responsible for organizational and HR · Develops the organization and human
development within the Finance Directorate resources within the Strategy and
team. Business Alliance Directorate, to be able
to accommodate the Company’s business
8. Ricky Gunawan – Director of Information needs.
Technology and Digital
· Responsible for ensuring and providing Independence of the Board of Directors [GRI 2-9]
strategic direction for business and non- In order to maintain independence, each member
business collaboration activities (human of the Board of Directors of Adira Finance is not
resources, technology, and culture) between permitted to have family relationships, financial
Adira Finance-Danamon-MUFG Global and relationships, management relationships, or share
the Company’s business ecosystem. ownership relationships with members of the
Board of Commissioners and other members of the
Company’s Board of Directors.
The tables below show the presence or absence of family, financial, management, and ownership relationships
of the Board of Directors members.
Family Relationship:
Family Relationship with:
Controlling
Board of Commissioners Board of Directors
Shareholder MUFG Bank, Ltd.
Sylvanus Gani K.
Honggo Widjojo
Niko Kurniawan
Ricky Gunawan
Bonggowarsito
Manggi Taruna
No. Name
Daisuke Ejima
Indonesia Tbk
Krisna Wijaya
I Dewa Made
Sigit Hendra
Swandajani
Kangmasto
Denny Riza
Harry Latif
Danamon
Mendrofa
Gunawan
Congcar
PT Bank
Congsin
Gunadi
Susila
Habir
Farib
1. I Dewa Made Susila - - - - - - - - - - - - - - -
2. Swandajani Gunadi - - - - - - - - - - - - - - -
3. Niko Kurniawan
- - - - - - - - - - - - - - -
Bonggowarsito
4. Harry Latif - - - - - - - - - - - - - - -
5. Denny Riza Farib - - - - - - - - - - - - - - -
6. Sigit Hendra Gunawan - - - - - - - - - - - - - - -
7. Sylvanus Gani K.
- - - - - - - - - - - - - - -
Mendrofa
8. Ricky Gunawan - - - - - - - - - - - - - - -
272 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 275
Corporate
Governance
Financial Relationship:
Performance
Highlights
Financial Relationship with:
Controlling
Board of Commissioners Board of Directors
Shareholder Opening
MUFG Bank, Ltd.
Sylvanus Gani K.
Honggo Widjojo
Niko Kurniawan
Ricky Gunawan
Bonggowarsito
Manggi Taruna
Daisuke Ejima
Indonesia Tbk
Krisna Wijaya
I Dewa Made
Sigit Hendra
No. Name
Swandajani
Kangmasto
Denny Riza
Harry Latif
Danamon
Mendrofa
Gunawan
Congcar
PT Bank
Congsin
Gunadi
Management
Susila
Habir
Farib
Report
Corporate
Profile
1. I Dewa Made Susila - - - - - - - - - - - - - -
Management
2. Swandajani Gunadi - - - - - - - - - - - - - - Discussion
and Analysis
3. Niko Kurniawan - - - - - - - - - - - - -
-
Bonggowarsito
Environmental
and Social
4. Harry Latif - - - - - - - - - - - - - - Responsibility
5. Denny Riza Farib - - - - - - - - - - - - - -
6. Sigit Hendra Gunawan - - - - - - - - - - - - - - Supporting
Data
7. Sylvanus Gani K. - - - - - - - - - - - - - -
-
Mendrofa
8. Ricky Gunawan - - - - - - - - - - - - - - -
The table below shows the relationship between the management and ownership of members of the
Company’s Board of Directors in other financing companies as of the date of publication of this 2025 Annual
Report, as follows:
Management and Ownership
in Other Financing Companies
Information As Member of As Member of
As Detailed Explanation
the Board of the Board of
Shareholder
Commissioners Directors
Direksi Yes No Yes No Yes No
I Dewa Made Susila √ - - √ √ - I Dewa Made Susila is a
Commissioner and shareholder
Swandajani Gunadi - √ - √ - √ at PT Home Credit Indonesia.
Niko Kurniawan
- √ - √ - √
Bonggowarsito
Harry Latif - √ - √ - √
Denny Riza Farib - √ - √ - √
Sigit Hendra Ginawan - √ - √ - √
Sylvanus Gani K. Mendrofa - √ - √ - √
Ricky Gunawan - √ - √ - √
Reporting Obligations of the Board of Directors
Members of the Board of Directors must report to the Company periodically or upon changes in:
• Their or their family’s share ownership of 5% or more, either in Adira Finance or in other companies domiciled
in Indonesia or abroad.
• Concurrent positions held, either in Adira Finance or in other companies or institutions.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 273
Page 276
Direct or Indirect Share Ownership in the Company, Financing Companies, and other Companies by
the Board of Directors
Share Ownership
Family at Adira
Name Adira Other Financing Finance, Other
Other Companies
Finance Companies Financing Companies
and Other Companies
I Dewa Made Susila - PT Home Credit - -
Indonesia (90 series C
shares and 90 series
D shares ~ 15% of the
nominal value of the
shares)
Swandajani Gunadi - - - -
Niko Kurniawan - - - -
Bonggowarsito
Harry Latif - - - -
Denny Riza Farib - - - -
Sigit Hendra Gunawan - - - -
Sylvanus Gani Kukuh - - - -
Mendrofa
Ricky Gunawan - - - -
The status of passing the Fit and Proper Test of Members of the Board of Commissioners
on the issuance date of this Annual Report is as follows:
Passing Date of
Name Description
Fit and Proper Test
I Dewa Made Susila June 30, 2025
Swandajani Gunadi July 1, 2025
Niko Kurniawan Bonggowarsito June 19, 2025
Harry Latif June 25, 2025 The organizer of the fit and proper test is the
Denny Riza Farib June 25, 2025 Financial Services Authority.
Sigit Hendra Gunawan July 1, 2025
Sylvanus Gani K. Mendrofa June 30, 2025
Ricky Gunawan June 30, 2025
Certification of Board of Directors
In accordance with Article 65 Paragraph (2) of OJK Regulation No. 35/POJK.05/2018 concerning the Business
Conduct of Financing Companies, the Board of Directors of Financing Companies is required to hold basic-level
certification in the financing sector from an institution designated by the association.
The following is the certification data for members of the Board of Directors of Adira Finance:
Name Position Certification Date Issuing Institution
I Dewa Made President Expert Financing November 22, 2016 Indonesian Financing Professional
Susila Director Certification Certification Institute
Swandajani Director Expert Financing March 2, 2017 Indonesian Financing Professional
Gunadi Certification Certification Institute
Niko Kurniawan Director Expert Financing August 2, 2018 Indonesian Financing Professional
Bonggowarsito Certification Certification Institute
US Certified - American Ceritification Institute
Marketing Manager
(CMM)
274 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 277
Corporate
Governance
Name Position Certification Date Issuing Institution
Performance
Highlights
Harry Latif Director Expert Financing October 24, 2019 Indonesian Financing Professional
Certification Certification Institute
Denny Riza Farib Director Expert Financing March 31, 2023 Indonesian Financing Professional Opening
Certification Certification Institute
Sigit Hendra Director Expert Financing March 2, 2022 Indonesian Financing Professional
Gunawan Certification Certification Institute Management
Report
Sylvanus Gani K. Director Expert Financing November 24, Indonesian Financing Professional
Mendrofa Certification 2023 Certification Institute
Corporate
Profile
Chartered - Indonesian Institute of Accountants
Accountant
Management
Ricky Gunawan Director Expert Financing January 24, 2025 Indonesian Financing Professional Discussion
and Analysis
Certification Certification Institute
Environmental
Based on the matters mentioned above, it can be Implementation of the Duties and and Social
Responsibility
concluded that: Responsibilities of the Board of Directors
• All 8 (eight) members of the Board of Directors In summary, the implementation of the duties and
Supporting
exceed the minimum requirements stipulated responsibilities of the Board of Directors in 2025 Data
in the Company’s Articles of Association and includes the following:
applicable laws and regulations.
• All members of the Board of Directors have Management Field:
fulfilled the requirements both in the regulations 1. Conducted an evaluation and subsequently
of the financing company sector and the capital prepared the annual report for the 2024 fiscal year
market sector. to be reported to the Board of Commissioners
• Each member of the Board of Directors has no and to the GMS at the Annual GMS held on March
family relationship or blood relation up to the 25, 2025.
second degree with fellow members of the 2. Prepared and submitted the Realization Report
Board of Commissioners and/or members of the of the Business Plan for the 2025 Fiscal Year.
Company’s Board of Directors. 3. Prepared and determined the revision of the
• Each member of the Board of Directors does not Annual Business Plan for the 2025 fiscal year.
hold concurrent positions as a member of the 4. Created and determined the work plan and
Board of Commissioners, as a member of the budget plan for the 2026 fiscal year.
Board of Directors, or as a shareholder in other 5. Prepared and determined the Sustainable
financing companies that exceed the provisions Finance Action Plan for the 2026 fiscal year.
of OJK Regulations in the Financing Company 6. Developed the Company’s products and services.
sector and the Capital Market sector. 7. Developed the Company’s business network.
• The composition of the Board of Directors fulfills 8. Developed the Company’s organization to adapt
the principles of gender representation and to business strategies and the development of
diversity. the Company’s business network.
The Board of Directors is fully responsible for the Risk Management Field:
management of the Company to fulfill the interests 1. Evaluated and refined the risk management
and objectives of the Company and represents policies implemented by the Company.
the Company both inside and outside the Court in 2. Prepared the Company’s risk management
accordance with Law No. 40 of 2007 concerning guidelines in accordance with applicable laws
Limited Liability Companies. Thus, the Board of and regulations.
Directors has the authority to take management
actions and bind the Company with other parties.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 275
Page 278
3. Consistently implemented the established risk Succession Policy
management system to anticipate any potential The Board of Directors plays a crucial role in the
risks the Company may face. management and administration of the Company.
4. Prepared resource development to run the Therefore, a succession policy is necessary to
Company’s risk management system. ensure the continuity and sustainability of the
Company’s business. Adira Finance’s Board of
Control Field: Directors succession policy is guided by Law
1. Conducted internal control by making the No. 40 of 2007 concerning Limited Liability
performance of the Internal Audit Unit and the Companies; OJK Regulation No. 27/POJK.03/2016
Company’s Compliance Unit more effective. concerning the Fit and Proper Test for Key Parties
2. Provided direction for follow-up on the results of Financial Services Institutions; OJK Regulation
of supervision carried out by the Internal Audit No. 30/POJK.05/2014 concerning Good Corporate
Unit and the Company’s Compliance Unit and Governance for Financing Companies, as amended
monitored their completion. by OJK Regulation No. 29/POJK.05/2020 concerning
3. Maintained good communication with the Amendments to OJK Regulation No. 30/POJK.05/2014
External Auditor appointed by the Company’s concerning Good Corporate Governance for
Board of Commissioners, including discussing Financing Companies; Financial Services Authority
the findings of the External Auditor. Regulation No. 48 of 2025 concerning Good
4. Followed up on every finding from the Governance for Financing Institutions, Venture
supervision carried out by the External Auditor Capital Companies, Microfinance Institutions, and
or the authorized authorities supervising the Other Financial Services Institutions; OJK Regulation
Company. No. 33/POJK.04/2014 concerning the Board of
5. Resolved every violation committed within the Directors and Board of Commissioners of Issuers or
Company. Public Companies; and the Company’s Articles of
Association.
Governance Field:
1. Implemented corporate governance obligations The nomination process for members of the
and responsibilities in accordance with the Company’s Board of Directors follows this
Corporate Governance guidelines established mechanism:
together with the Company’s Board of 1. Each year, the Company’s Board of Directors
Commissioners. assesses senior officials within the Company who
2. Ensured the dissemination of Good Corporate have the potential to hold positions as members
Governance principles to all Company employees. of the Board of Directors in the future. This data is
stored in the Corporate Resources Directorate.
Social Responsibility Field: 2. In the event that the appointment of a new
1. Directed the implementation of the Company’s member of the Board of Directors is necessary,
social responsibility to reach as many of the a selection process is conducted internally and
Company’s stakeholders as possible. externally. The candidate selection process is
2. Established strategies and policies for carried out by members of the Company’s Board
implementing the Company’s social responsibility of Directors based on data from the Human
to maintain the sustainability of the Company’s Resources Directorate. Meanwhile, external
business activities. candidates may be proposed by shareholders who
3. Evaluated every implementation of the meet the requirements to propose candidates in
Company’s social responsibility to make accordance with applicable laws and regulations.
improvements or enhancements in the future. 3. The data of the candidates will then be verified by
the Nomination and Remuneration Committee.
Candidates who meet the requirements
based on the assessment of the Nomination
and Remuneration Committee will then be
recommended to the Board of Commissioners to
be proposed at the GMS.
276 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 279
Corporate
Governance
4. Before the GMS is held, to comply with applicable written request of one or more members of the
Performance
regulations, the relevant candidate must undergo Board of Commissioners, or upon the written Highlights
a fit and proper test. request of one or more shareholders jointly holding
5. Candidates who have met the requirements and 1/10 (one-tenth) of the total number of shares issued
Opening
passed the fit and proper test will be proposed by the Company with valid voting rights. A Board
at the GMS for appointment as members of the of Directors meeting is only valid and may adopt
Board of Directors. binding decisions if more than one-half (one-half) Management
Report
of the total number of members of the Board of
Orientation/Introduction Program for New Directors are present or represented at the meeting.
Corporate
Members of the Board of Directors Profile
The Company has a policy for an introduction/ Decisions at Board of Directors meetings must
orientation program for members of the Board of be made by deliberation to reach consensus. If a Management
Directors who are appointed for the first time. This decision cannot be reached by deliberation to reach Discussion
and Analysis
program aims to enable new members of the Board consensus, the decision shall be made by a vote of
of Directors to gain an in-depth understanding more than one-half (one-half) of the total votes validly
Environmental
of Adira Finance. This introduction/orientation cast at the meeting. If the votes for and against are and Social
Responsibility
program is conducted in the form of presentations, equal, the proposal shall be deemed rejected. Each
provision of written materials, visits to business member of the Board of Directors present at the
Supporting
networks, and direct meetings with internal parties meeting shall be entitled to cast one vote and one Data
of Adira Finance with whom they will interact while additional vote for each other member of the Board
carrying out their duties as members of the Board of Directors they represent.
of Directors. This introduction/orientation program is
implemented by the Corporate Secretary. Any member of the Board of Directors who personally,
in any way, directly or indirectly, has an interest in a
Generally, the introduction/orientation material transaction, contract, or proposed contract to which
includes: the Company is a party must declare the nature of
1. General Knowledge of Financing Companies. such interest at a Board of Directors Meeting and
2. Principles of Good Corporate Governance. is not entitled to vote on matters related to the
3. Explanation of Adira Finance, starting from transaction or contract, unless the Board of Directors
its vision, mission, philosophy, history of Meeting determines otherwise.
establishment, business activities, business
performance, financial and non-financial The Board of Directors may also make valid and
condition, long-term, medium-term, and short- binding decisions without holding a Board of
term strategies, company strengths, as well as Directors Meeting, provided that all members of
opportunities and challenges constantly faced by the Board of Directors have given their written
the Company. approval to the proposal and signed the agreement.
4. Structure of Company Organs, duties and Decisions made in this manner have the same force
responsibilities of each company organ, and as decisions legally made at a Board of Directors
control system policies. Meeting.
In 2025, there was 1 (one) new member of the Board of Throughout 2025, the Board of Directors held 21
Directors, namely Ricky Gunawan, who participated (twenty one) Board of Directors Meetings, with
in the introduction/orientation program. an attendance rate of 94%. This attendance rate
complies with the provisions of OJK Regulation
Board of Directors Meetings Number 30/POJK.05/2014 concerning Good
Board of Directors meetings may be held at least Corporate Governance for Financing Companies,
once a month, unless deemed necessary by one which requires that the Board of Directors’
member of the Board of Directors, or upon the attendance at meetings reach at least 50% per year.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 277
Page 280
The attendance list for Board of Directors Meetings in 2025 is as follows:
Date
September 23, 2025
November 18, 2025
December 16, 2025
September 9, 2025
November 4, 2025
February 18, 2025
February 3, 2025
October 21, 2025
January 8, 2025
October 7, 2025
August 19, 2025
August 5, 2025
March 18, 2025
March 4, 2025
June 17, 2025
May 20, 2025
July 22, 2025
April 11, 2025
June 3, 2025
May 6, 2025
July 9, 2025
Name
I Dewa Made Susila √ √ √ √ √ √ √ - √ √ √ √ √ √ √ √ √ √ √ - √
Swandajani Gunadi √ √ √ √ - √ √ - √ √ √ √ √ √ √ - √ √ √ √ √
Niko Kurniawan B. √ √ √ √ √ - √ √ √ - √ √ √ √ √ √ √ √ √ √ √
Harry Latif *)
√ √ √ √ √ √ √ √ √ √ √ √ - √ - √ √ √ - - -
Denny Riza Farib √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √
Sigit Hendra Gunawan √ √ √ √ √ √ √ - √ √ √ √ √ √ √ √ √ √ √ √ √
Sylvanus Gani K. Mendrofa √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √
Takanori Mizuno **)
√ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ - - -
Ricky Gunawan ***)
- - - - - - - - - - √ √ √ - √ √ √ √ √ √ √
*)
Resigned based on Resignation Letter dated October 31, 2025.
**)
As of October 1, 2025, no longer a member of the Company's Board of Directors.
***)
Appointed at the AGM on March 25, 2025, and effective after passing the OJK's competency and suitability test dated June 30, 2025.
A brief report of the Board of Directors Meetings during 2025 is as follows:
Attendance of Member of the Board of Directors
Takanori Mizuno**)
***)
Denny Riza Farib
Sylvanus Gani K.
Niko Kurniawan
Ricky Gunawan
I Dewa Made
Sigit Hendra
Harry Latif*)
Swandajani
Mendrofa
Gunawan
Gunadi
Date Agenda
Susila
B.
January 8, 2025 - BDI Conglomeration
- SMAP √ √ √ √ √ √ √ √ -
- BOD updates
February 3 2025 - Underperformed Business Unit
- January 2025 Evaluation & February-
√ √ √ √ √ √ √ √ -
March 2025 Anticipation
- IIMS Update
February 18 2025 - MRP + Sumatra update
√ √ √ √ √ √ √ √ -
- Directorate Update
March 4, 2025 - MRP & Used Vintage Cars
- IIMS Evaluation √ √ √ √ √ √ √ √ -
- BOD updates
March 18, 2025 - Mutual Project Update
√ - √ √ √ √ √ √ -
- Business Discussion
April 11, 2025 - CEO Message
- Business Results
- Project Update: Harmony & Mutual
√ √ - √ √ √ √ √ -
- 2Q Forecast: Business & Financials
- Check Points: Regional Visit
- GEMBA
May 6, 2025 - Regular Reports
- Special Report √ √ √ √ √ √ √ √ -
- Project Harmony
278 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 281
Corporate
Governance
Attendance of Member of the Board of Directors
Performance
Highlights
Takanori Mizuno**)
Ricky Gunawan***)
Denny Riza Farib
Sylvanus Gani K.
Niko Kurniawan
I Dewa Made
Sigit Hendra
Harry Latif*)
Swandajani
Mendrofa
Gunawan
Gunadi
Date Agenda
Susila
Opening
B.
Management
Report
May 20, 2025 - BAS: Update on Project Mutual
- Internal Audit Unit: Rating & MCA Corporate
- - √ √ √ - √ √ - Profile
Audit
- Regular Business Updates
June 3, 2025 - BAS: Update on GESIT Management
Discussion
- HCGA: Update on Midyear Plan √ √ √ √ √ √ √ √ - and Analysis
- Regular Updates
June 17, 2025 - BAS: Update on Project Mutual Environmental
- Biz & Porto: Regular Update & and Social
Responsibility
Forecast Closing June 2025 √ √ - √ √ √ √ √ -
- Biz & Porto: 4W Project Overview
- Financial Updates
Supporting
Data
July 9, 2025 - Project Harmony Update
- Risk Updates
√ √ √ √ √ √ √ √ √
- Business Updates
- Financial Updates
July 22, 2025 - Financial Updates
- Risk Update Forecast √ √ √ √ √ √ √ √ √
- Report ALP CErDIK
August 5, 2025 - QA Update
√ √ √ - √ √ √ √ √
- Financial Update
August 19, 2025 - Internal Audit Update
- Business Update
√ √ √ √ √ √ √ √ -
- Business Plan Implementation for
the First Half of 2025 (OJK)
September 9, - Risk Performance Update
2025 - Planning Cycle √ √ √ - √ √ √ √ √
- Cost Optimization
September 23, - Project Mutual Progress Update
2025 - Project Harmony: Free Float
√ - √ √ √ √ √ √ √
- Billing Center Project
- Project Harmony: Fiduciary
October 7, 2025 - Dry Run BOC-BOD Meeting
- Check Point Modelling/Financial for 3 √ √ √ √ √ √ √ √ √
Years
October 21, 2025 - Project Mutual Update
- BOD Discussion √ √ √ √ √ √ √ √ √
- Procurement Update
November 4, - Customer Program Updates
2025 - Auto Debit Proposal
√ √ √ - √ √ √ - √
- Update: Compliance
- Financial updates
November 18, - 2026 Audit Plan & Socialization of IA
2025 Relationship with Management
- Compliance Update: Fiduciary
Guarantee Assessment - √ √ - √ √ √ - √
- Planning Cycle #2
- Routine Report Analysis/Highlight:
October 2025
Desember 16, - Dealer Survey Results Update
2025 - MCC & Tugu Tani Relayout Plan √ √ √ - √ √ √ - √
- Fiduciary Efficiency Project Update
*)
Resigned based on Resignation Letter dated October 31, 2025.
**)
As of October 1, 2025, no longer a member of the Company's Board of Directors.
***)
Appointed at the AGM on March 25, 2025, and effective after passing the OJK's competency and suitability test dated June 30, 2025.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 279
Page 282
The number of members of the Board of Directors present at Board of Directors Meetings during 2025 is as
follows:
Number of Number of
Name % Attendance Reason for Absence
Meetings Attendance
I Dewa Made Susila 21 19 90,5 Business Trip
Swandajani Gunadi 21 18 85,7 Business Trip
Niko Kurniawan Bonggowarsito 21 19 90,5 Business Trip
Harry Latif *)
18 16 88,9 Business Trip
Denny Riza Farib 21 21 100 -
Sigit Hendra Gunawan 21 20 95,2 Business Trip
Sylvanus Gani K. Mendrofa 21 21 100 -
Takanori Mizuno**) 16 16 100 -
Ricky Gunawan ***)
11 10 90,9 Business Trip
*)
Resigned based on Resignation Letter dated October 31, 2025.
**)
As of October 1, 2025, no longer a member of the Company's Board of Directors
***)
Appointed at the AGM on March 25, 2025, and effective after passing the OJK's competency and suitability test dated June 30, 2025.
MANAGEMENT CONTRACT
The management contract is a contract for the management of the Company by the Board of Directors, drawn
up and signed by the President Director with the controlling shareholder. The other members of the Board of
Directors sign a management contract with the President Director. The management contract is valid from
the Annual General Meeting of Shareholders held on March 25, 2025, for all members of the Board of Directors,
until the closing of the Annual General Meeting of Shareholders for the 2025 fiscal year, held in 2026. The
management contract regulates the obligations of the Board of Directors, including achieving net profit and
company health targets, as well as the rights and authorities granted to the Board of Directors during the
contract term.
BOARD OF DIRECTORS’ ASSESSMENT OF THE PERFORMANCE OF COMMITTEES UNDER THE BOARD
OF DIRECTORS
Executive Committee Performance Assessment Policy and Procedures
Annually (at least once a year), the Board of Directors conducts a performance assessment of the Committees
at the Board of Directors/Executive Committee level. The criteria and basis for assessing the performance of the
Executive Committee based on each Term of Reference (TOR) are as follows:
1. Number of meetings held;
2. Attendance of members of the Board of Directors;
3. Service Level Agreement (SLA) Minutes of Meetings;
4. Action Matters Arising; and
5. Distribution of meeting invitations.
Throughout 2025, the Board of Directors assessed that the implementation of the Executive Committee’s
duties, responsibilities, and meeting discussions were carried out effectively and effectively. The participation
and attendance of members of the Board of Directors at committee meetings throughout the 2025 financial
year, including decisions made during the meetings, can also be used as a reference.
Results of the Executive Committee’s Performance Assessment in 2025
Committee Score
Risk Management Committee 100
Asset and Liability Committee (ALCO) 100
Credit Committee 100
Information Technology Steering Committee 100
280 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 283
Corporate
Governance
EXECUTIVE COMMITTEE
Performance
Highlights
BOARD OF Opening
DIRECTORS
Management
Report
Risk Management Committee Credit Committee
Corporate
Profile
Information Technology
Asset and Liability Committee (ALCO)
Steering Committee
Management
Discussion
and Analysis
In carrying out its duties, the Board of Directors is assisted by four Executive Committees, namely:
Environmental
and Social
Responsibility
1. Risk Management Committee
The Risk Management Committee was established based on Board of Directors Decree Number 025/ADMF/
Supporting
BOD/CS/I/07 dated January 18, 2007. This committee is responsible for assessing all Company operational Data
policies, evaluating Company risks, ensuring that policy enhancements and improvements have been
implemented, and other matters related to the Company’s business risks.
Membership Structure
Chairman Director of Risk Management
Vice Chairman Head of Risk Management
Secretary Head of Risk Analytics & MIS
Permanent Member a. Director of Collections & Legal Affairs
b. Director of Sales, Services & Distribution
c. Director of HC Management & CREM
d. Director of Information Technology & Digital
e. Head of Risk Analytics & MIS
f. Head of Operational Risk Management
g. Head of Information Risk Management
h. Head of Compliance & AML
i. Head of Internal Audit
The profiles of the Risk Management Committee 3. Provides recommendations to Management
members are listed in the Directors’ Profiles and regarding the development of the Company’s
Senior Officers’ Profiles in the Company Profile risk management policy.
chapter of this Annual Report.
The Risk Management Committee has a charter
Duties and Responsibilities of the Risk for carrying out its duties and responsibilities.
Management Committee:
1. The Risk Management Committee is Risk Management Committee Meetings:
responsible for preparing monthly reports Meetings are held at least once every three
on financial and operational risks across months. However, the Committee may hold
all levels and networks of the organization. meetings at any time if necessary with at least
Management will review these reports and three business days’ notice. Meetings may be held
then take the necessary steps and actions to if attended by more than 50% of the Committee’s
monitor and mitigate the Company’s business members.
risks.
2. The Risk Management Committee conducts During 2025, the Risk Management Committee
a comprehensive monthly evaluation of the held 4 (four) meetings attended by all members
Company’s risks with the Board of Directors, of the Risk Management Committee.
all Regional Heads, and relevant Division
Heads.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 281
Page 284
Meetings throughout 2025: dated April 30, 2010, which were revised by Internal
No. Date Agenda Memorandum No. MI-013/RISK/RKPCYDEV/
VIII/2024 dated August 21, 2024. This committee’s
1. January 23, 2025
function is to monitor the financing approval
2. April 23, 2025 Risk Management process and to improve, refine, and simplify the
3. July 23, 2025 Update financing disbursement process and procedures.
The committee reviews financing application
4. November 12, 2025
data, repayment capacity, financing type, and the
applicant’s credit history. Various daily reports are
Performance and Implementation of Duties of generated to facilitate monitoring of financing
the Risk Management Committee in 2025: quality and to formulate new financing products.
Throughout 2025, the Committee successfully The company then reviews the consolidated
managed the Company’s business risks, ensuring portfolio, both at the head office and branches,
that the risk of non-performing receivables as well as at dealerships with existing contracts.
remained at a reasonable level. Furthermore,
the Committee maintained a balance between The Credit Division coordinates Adira Finance’s
maintaining the level of non-performing loans Credit Committee meetings. Furthermore, the
while still maintaining a focus on the Company’s Adira Finance Credit Committee, along with the
financing growth. The non-performing financing Risk Management unit of PT Bank Danamon
receivables (NPF) ratio can be maintained at a Indonesia Tbk, also holds regular meetings to
relatively low level of 0.25% in 2025. monitor all risks within the financing portfolio.
Based on these activities, the Adira Finance Credit
2. Credit Committee Committee then prepares and presents reports
The Credit Committee was established based on to the relevant Directors to ensure adequate
Internal Memorandums No. MI-004/RIM/CRD/ control over all potential risks.
IV/2010 and No. MI-005/RIM/CRD/IV/2010, both
Membership Structure
Chairman Direktur Manajemen Risiko
Member a. Director of Collections & Legal Affairs
b. Director of Business & Portfolio
c. Head of Risk Management
d. Head of Risk Policy Dev & Buss Incubation
e. Head of Operational Risk Management
f. Head of Credit Retail Opr Management/Head of Credit Fleet
g. Head of Underwriting Retail/National Underwriter Officer/Head of Underwriting
SME/Head of Underwriting Fleet Area
h. Head of Regional Credit/Credit Operation Manager
The profiles of the Credit Committee members are listed in the Directors’ Profiles and Senior Officers’
Profiles in the Company Profile chapter of this Annual Report.
Duties and Responsibilities:
1. Analyze, evaluate risk levels, recommend, and clearly approve or reject financing applications in
accordance with the BWMK (BWMK provisions are regulated in the following paragraph).
2. Be collectively and jointly responsible for every financing decision taken (joint responsibility).
3. Make financing decisions independently, free from pressure from any party, and prioritize the principle
of prudence and free from conflicts of interest.
4. Are not permitted to be involved in financing decisions involving themselves or their family members.
The Credit Committee has guidelines/charters for carrying out its duties and responsibilities.
282 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 285
Corporate
Governance
Credit Committee Meetings: Credit Committee Performance and Duties
Performance
Meetings are held at least four times annually Implementation in 2025: Highlights
to discuss Adira Finance’s financing policies. Throughout 2025, the Credit Committee issued
However, the Committee may hold meetings at operational policies used by the Company to
Opening
any time if necessary with at least three business maintain the quality of the Company’s financing
days’ notice. Meetings may be held if attended by in accordance with the Company’s risk appetite.
more than 50% of the Committee members. In addition, the Credit Committee performed Management
Report
its function as a credit approval committee in
During 2025, the Credit Committee held 5 (five) accordance with established credit granting
Corporate
meetings attended by all members. authority limits. Profile
Meetings throughout 2025: 3. Asset & Liability Committee (ALCO) Management
No. Date Agenda ALCO was established based on Board of Directors Discussion
and Analysis
Decree No. SKD-004/ADMF-FIN/V/2012 dated
1. February 19, 2025
May 15, 2012. This committee is responsible for
Environmental
2. April 17, 2025 managing the Company’s assets and liabilities to and Social
Responsibility
3. August 14, 2025 Risk & Credit Update ensure the careful implementation of its funding
diversification strategy, the Company’s liquidity
4. March 13, 2025 Supporting
risk is effectively mitigated, and ultimately, Data
5. May 15, 2025
maximum returns are achieved.
Membership Structure
Chairman Direktur Utama
Vice Chairman Direktur Keuangan
Member a. Director of Risk Management
b. Director of Sales, Services, and Distribution
c. Director of Business & Portfolio
d. Head of Risk Management
e. Head of Finance & Cash Management
f. Head of Funding & Capital Market
g. Head of Corporate Finance
ALCO member profiles are listed in the Directors’ Profiles and Senior Officers’ Profiles in the Company
Profile chapter of this Annual Report.
Duties and Responsibilities:
1. Establish liquidity management policies.
2. Review and approve the Company’s balance sheet risk and return targets.
3. Approve all matters relating to balance sheet risk and return management within established limits.
4. Review, evaluate, and approve proposed hedging strategies within established limits.
5. Approve hedging to manage interest rate risk on foreign currency-denominated funding, taking into
account prevailing financial and monetary conditions.
6. Review and evaluate proposed changes in interest rates, and provide input on the calculation of potential
profits and risks.
7. Review the diversification of funding maturities and funding sources, ensuring minimal reliance on
volatile funding sources.
ALCO has a charter for carrying out its duties and responsibilities.
ALCO Meetings:
Meetings are held at least once every three months. However, the Committee may hold meetings at any
time as needed with at least three business days’ notice. Meetings may be held if attended by more than
50% of the Committee’s membership.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 283
Page 286
During 2025, ALCO held two meetings with a ALCO Performance and Duties Implementation
100% attendance rate. in 2025:
During 2025, ALCO Meetings resulted in several
Meetings throughout 2025: decisions related to liquidity management and
No. Date Agenda provided input on financing interest rates. The
Company’s liquidity and financing conditions
1. February 18, 2025 • Market & Liquidity
Risk & RAS were well managed throughout 2025, thereby
• Funding Activities supporting the Company’s performance.
• Asset & Portfolio
2. September 23, • Market & Liquidity 4. Information Technology Steering Committee
2025 Risk & RAS The Information Technology Steering Committee
• Funding Activities
• Asset & Portfolio
was established based on Board of Directors
Decree No. SKD-003/ADMF-IT/VII/2021 dated
April 19, 2021. This committee is responsible
for providing recommendations to the Board
of Directors regarding all matters related to
information technology.
Membership Structure
Chairman President Director
Member a. Director of Risk Management
b. Director of Information Technology & Digital
c. Director of HC Management & Marketing
d. Director of Sales, Services & Distribution
e. Director of Business & Portfolio
f. Director of Finance
g. Director of Business Alliance Strategy
h. Head of Risk Management
i. Head of Digital Business
j. Head of Ratail MCY Business
k. Head of Non-Auto Business
l. Head of Harmony Integration
The profiles of the members of the Information Technology Steering Committee are listed in the Board of
Directors Profile and Senior Officials Profile in the Company Profile chapter of this Annual Report.
Duties and Responsibilities:
1. Information Technology development plans aligned with the Company’s business activities in accordance
with the Articles of Association.
2. Formulation of Information Technology policies and procedures.
3. Conformity of approved Information Technology projects with the Information Technology development
plan.
4. Conformity of the implementation of Information Technology projects with the approved Information
Technology projects.
5. Conformity of Information Technology with the needs of the management information system and the
needs of the Company’s business activities.
6. Effectiveness of risk mitigation on the Company’s investments in the Information Technology sector
so that the Company’s investments in the Information Technology sector contribute to achieving the
Company’s business objectives.
7. Monitoring of Information Technology performance and efforts to improve Information Technology
performance.
8. Efforts to resolve various issues related to Information Technology that cannot be resolved by the user
work units and Information Technology organizers effectively, efficiently, and in a timely manner; and
9. Adequacy and allocation of Information Technology resources owned by the Company.
The Information Technology Steering Committee has guidelines/charter in carrying out its duties and
responsibilities.
284 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 287
Corporate
Governance
Information Technology Steering Committee RELATIONSHIP BETWEEN THE BOARD OF
Performance
Meetings: COMMISSIONERS AND THE BOARD OF Highlights
Meetings are held at least 1 (one) time per year, DIRECTORS
however the Committee may hold meetings at In carrying out the Company’s activities, the
Opening
any time if needed with notification at least 3 relationship between the Board of Commissioners
(three) working days before the meeting is held. and the Board of Directors is regulated by various
Meetings can be held if attended by more than provisions, including the Company’s Articles of Management
Report
50% of the total members of the Committee. Association, Corporate Governance Guidelines,
the Board of Commissioners’ Guidelines and Work
Corporate
During 2025, the Information Technology Rules, the Board of Directors’ Guidelines and Work Profile
Steering Committee held 5 (five) meetings which Rules, and applicable laws and regulations. These
were attended by all members of the Information relationships include, among other things: Management
Technology Steering Committee. 1. In carrying out their management duties, for Discussion
and Analysis
certain activities/transactions, the Board of
Meetings in 2025: Directors must obtain prior approval from the
Environmental
No. Date Agenda Board of Commissioners, including for the and Social
Responsibility
transfer/pledging/transferring of Company
1. February 25, • IT Performance
2025 Achievements assets.
Supporting
• IT Work Plan Approval by 2. The Board of Directors must obtain approval Data
the Steering Committee for the Annual Business Plan, the Sustainable
2. April 29, 2025 • IT Performance Finance Action Plan, the appointment and/or
Achievements dismissal of the Head of the Audit Unit and the
• IT Work Plan Approval by
the Steering Committee Corporate Secretary.
3. The Board of Directors must submit a report
3. June 19, 2025 • IT Performance
Achievements
on the Company’s management to the Board
• IT Work Plan Approval by of Commissioners, either at a Joint Meeting of
the Steering Committee the Board of Commissioners and the Board of
4. August 26, 2025 • IT Performance Directors or at any other time deemed necessary
Achievements by the Board of Commissioners.
• IT Work Plan Approval by
4. The Board of Commissioners may request
the Steering Committee
Company data and/or information from the Board
5. October 23, • IT Performance
of Directors in order to carry out their supervisory
2025 Achievements
• IT Work Plan Approval by duties, either directly or through committees
the Steering Committee under the Board of Commissioners.
5. Other matters in accordance with the applicable
Performance of the Information Technology policies as mentioned above.
Steering Committee in 2025:
During 2025, the Information Technology DIVERSITY OF THE BOARD OF COMMISSIONERS
Steering Committee established and ratified a AND DIRECTORS
series of strategic implementation plans: The GMS appoints and inaugurates members of the
a. Continued implementation and development Board of Commissioners and the Board of Directors
of systems to support the Company’s of Adira Finance based on the recommendations
multipurpose loan initiatives. of the Nomination and Remuneration Committee,
b. Planned implementation of Comprehensive taking into account diverse expertise, educational
Data Leak Prevention and enhanced security background, experience, and track record.
and resilience. This process is carried out objectively without
c. Planned updates to various business systems, discrimination of gender, ethnicity, race, or religion,
such as the revitalization of Adira1. to ensure that the Board of Commissioners and
d. Planned performance improvements to Directors have optimal capabilities in carrying out
several business support systems, such as their supervisory and management functions in the
data management and telecenters. Company.
e. Implementation of the work plan, information
technology strategy, human resource capacity The diverse expertise, educational backgrounds,
building, and control of budget realization and experience of the members of the Board of
related to information technology in 2025. Commissioners and Directors of Adira Finance are
reflected in the following table:
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 285
Page 288
Name Gender Age Eduction Expertise
Board of Commissioners
Daisuke Ejima Male 57 Master of Business Business strategy and business development in the
Administration from financial services sector, risk management and business
Michigan University portfolio management, development of synergies
and business integration within global financial
business groups, and strategic oversight and corporate
governance.
Krisna Wijaya Male 70 Doctorate in Strategy and leadership in the banking and financial
Interdisciplinary Studies services sector, Risk management and corporate
from Gadjah Mada governance, and Policy and business strategy
University development for financial institutions.
Manggi Taruna Male 72 Master of Public Macroeconomics and economic policy, corporate
Habir Administration from governance and strategic oversight, and risk
Harvard University management and financial sector stability.
Congsin Male 55 SASIN Graduate Risk management and corporate governance, oversight
Congcar Institute of Business and strengthening of audit and compliance functions,
Administration and management of financial institutions' strategies and
Chulalongkom University operations
Honggo Male 59 Master of Business Strategy and development of financial services, risk
Widjojo Administration from management and credit portfolio management,
Kangmasto Royal Melbourne operational management and organizational
Institute of Technology, transformation, and development of business synergies
Melbourne, Australia within the financial group ecosystem.
Direksi
I Dewa Made Male 55 Master of Management Business strategy and leadership in the financing
Susila from PPM College of industry, financial management and corporate funding
Management management, and strengthening corporate governance
and risk management.
Swandajani Female 53 Bachelor of Agronomy Human resource management and organizational
Gunadi from Bogor Agricultural development, marketing strategy and customer
University relationship management, digital transformation in
human capital and customer engagement functions,
and organizational capability development through a
corporate learning ecosystem.
Niko Male 54 Bachelor of Business Business development and sales strategy, distribution
Kurniawan from the Indonesian network and dealer partnership management, and
Bonggowarsito Business Institute financing business operations management.
Harry Latif Male 54 Bachelor of Economics Business development and sales strategy in the
from Atmajaya University automotive and vehicle financing industries, retail
financing portfolio management, and operational and
marketing management in the automotive industry.
Denny Riza Male 53 Bachelor of Science from Collection and recovery strategies for financing,
Farib Padjajaran University management of credit, collection, and legal functions,
and strengthening of governance and internal controls.
Sigit Hendra Male 57 Bachelor of Industrial Risk management for financing companies, credit
Gunawan Engineering from management and financing portfolio management, and
Trisakti University strengthening risk governance and internal control.
Sylvanus Gani Male 49 Master of Management Corporate financial management and financial planning,
K. Mendrofa from the Australian funding strategies and capital structure management,
National University and liquidity management and cost efficiency.
Ricky Gunawan Male 52 Bachelor of Information Digital transformation and information technology
Technology, Gunadarma development in the financial services industry, IT system
University and infrastructure development, business process and
customer service digitization, and technology strategy
and digital innovation management.
286 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 289
Corporate
Governance
PERFORMANCE ASSESSMENT OF THE BOARD OF COMMISSIONERS AND BOARD OF DIRECTORS [GRI
Performance
2-10] Highlights
Performance Assessment of the Board of Commissioners for 2025
Opening
Assessing Party and Performance Assessment Procedure for the Board of Commissioners
The performance achievements of the Board of Commissioners of Adira Finance include, among others:
1. Implementation of the principles of Good Corporate Governance in accordance with the Adira Finance Management
Report
Corporate Governance Guidelines.
2. Realization of nearly all of the Company’s Vision, Mission, and Philosophy. However, there is still a need to
Corporate
work hard to realize the Company’s Vision to become a world-class financing company. Profile
3. Implementation of the Company’s Work Plan and Budget as established.
4. Implementation of the Company’s Strategic Plan, particularly for short-term plans. Management
5. Special assignments given to the Board of Commissioners were carried out properly and on time. Discussion
and Analysis
6. The Audit Committee has carried out its duties and obligations in accordance with predetermined targets.
7. The Risk Monitoring Committee has carried out its duties and obligations in accordance with predetermined
Environmental
targets. and Social
Responsibility
8. The Nomination and Remuneration Committee has carried out its duties and obligations in accordance
with predetermined targets.
Supporting
9. The attendance rate of members of the Board of Commissioners in Board of Commissioners Meetings and Data
in Joint Meetings with the Company’s Board of Directors is above 75%.
Based on these achievements, an assessment is carried out through a self-assessment by the members of
the Board of Commissioners. Subsequently, the results of this assessment will be submitted by the President
Commissioner to the GMS for approval.
Indicators/Criteria for Performance Assessment of the Board of Commissioners
No. Indicator Weight Achievement Score Description
1. Attendance at every Board 10% 98% 9.8 The attendance rate of members of the Board
of Commissioners Meeting of Commissioners at Board of Commissioners
and Joint Meeting meetings and joint meetings with the Board of
Directors reached 98%.
2. Understanding of the 10% 100% 10 All members of the Board of Commissioners have
Company’s condition a good understanding of the Company’s current
condition.
3. Level of objectivity, 10% 100% 10 All decisions of the Board of Commissioners
professionalism, and have been made objectively, professionally, and
independence in all independently.
decision-making
4. Implementation of Good 15% 100% 15 Adira Finance’s Corporate Governance has been
Corporate Governance implemented effectively.
5. Implementation of the 10% 100% 10 The Company’s Strategic Plan has been
Company’s Strategic Plan implemented according to the established plan.
6. Implementation of 15% 100% 15 The Audit Committee has carried out its duties in
the Audit Committee’s accordance with the work plan, with completion
performance times falling short of the specified target.
7. Implementation of the Risk 15% 100% 15 The Risk Monitoring Committee has fully carried out
Monitoring Committee’s its duties in accordance with the established work
performance plan.
8. Implementation of 15% 100% 15 The Nomination and Remuneration Committee
the Nomination and has carried out its duties in accordance with the
Remuneration Committee’s established work plan.
performance
Total Score 100% 99.8% 99.8
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 287
Page 290
Assessment of individual performance of the Board of Commissioners
Manggi Honggo
Daisuke Krisna Congsin
No. Performance Taruna Widjojo
Ejima Wijaya Congcar
Habir Kangmasto
1. Meeting attendance 100 100 83 100 100
2. Contribution to the oversight function 100 100 100 100 100
3. Contribution to the Committee’s 100 100 100 100 100
performance
4. Contribution to the implementation of 100 100 100 100 100
Good Corporate Governance principles
Total Score 100 100 95,75 100 100
Assessment of Members of the Board of 4. Providing clear direction to employees to achieve
Directors [GRI 2-10][GRI 2-11] Company goals.
Adira Finance implements a performance 5. Cooperation among fellow members of the Board
assessment system for the Board of Directors to of Directors.
measure the level of achievement of the Company’s 6. Commitment of the time required to carry out
Vision, Mission, and Strategy. The results of this duties properly.
assessment serve as the basis for evaluating 7. Professionalism and willingness to listen to and
achievements and determining the provision of respect ideas from other directors and other
rewards to the Board of Directors, both collectively senior officials.
and individually.
Indicators/Criteria for Performance Assessment of
Assessing Party and Performance Assessment the Board of Directors
Procedure for the Board of Directors Criteria for collective assessment of the Board of
In 2025, Adira Finance carried out a performance Directors include:
assessment process for the Board of Directors, 1. Implementation of Good Corporate Governance.
both collectively and individually, referring to 2. Contribution and active role of the Board of
agreed-upon qualitative and quantitative criteria. Directors in the application and implementation
This assessment was conducted internally by all of the Company’s culture, vision, mission,
members of the Board of Directors, then obtained philosophy, budget, and work plan.
approval from the Nomination and Remuneration 3. Realization of GMS resolutions.
Committee before being submitted to the Board of 4. Contribution to the implementation of the
Commissioners and the GMS, based on established Company’s Work Plan and Budget.
performance indicators. 5. Implementation of the Company’s Strategic Plan.
6. Level of achievement of Company targets and
The performance assessment of each member of the objectives.
Board of Directors is conducted by the Nomination 7. Prompt making of important decisions, based on
and Remuneration Committee to be subsequently the best possible considerations.
submitted to the President Director, using criteria 8. Close relationship between the Board of Directors
including: and senior officials.
1. Consistency in increasing return on investment 9. Attendance rate at meetings, both in Board of
for shareholders. Directors meetings and Joint Meetings with the
2. Beneficial contribution to the Company’s Board of Commissioners.
strategy.
3. Level of understanding of the key risks affecting
the Company.
288 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 291
Corporate
Governance
Results of the Board of Directors Performance Assessment in 2025
Performance
Highlights
No. Indicator Weight Achievement Score Description
1. Implementation of Good 10% 100% 10 Adira Finance’s corporate governance has been
Corporate Governance implemented effectively. Opening
2. The Board of Directors’ 15% 100% 15 The Company’s Vision, Mission, and Values targets
contribution and active for 2025 have been achieved.
role in the implementation Management
Report
and execution of the
Company’s corporate
culture, vision, mission, Corporate
values, budget, and work Profile
plan.
3. Implementation of GMS 10% 100% 10 The decisions of the Annual General Meeting Management
decisions. of Shareholders held in 2025 have been fully Discussion
and Analysis
implemented.
4. Contribution to the 10% 100% 10 The Company’s Work Plan and Budget were
implementation of the implemented according to the predetermined Environmental
and Social
Company’s Work Plan and schedule. Responsibility
Budget
5. Implementation of the 10% 100% 10 The Company’s Strategic Plan was implemented Supporting
Company’s Strategic Plan according to the predetermined plan. Data
6. Level of achievement of 15% 100% 15 The target given to the Board of Directors for 2025
the Company’s targets and was achieved 100%
objectives.
7. Prompt issuance of 10% 100% 10 Important decisions were made quickly and based
important decisions based on the best considerations.
on sound judgment.
8. Close relationships 10% 100% 10 Close relationships are maintained between the
between the Board of Board of Directors, senior officials, and other
Directors and senior employees.
officials.
9. Attendance at meetings, 10% 95% 9.5 Attendance at Board of Directors meetings and joint
both Board of Directors meetings with the Board of Commissioners reached
meetings and joint 95%.
meetings with the Board of
Commissioners.
Total Score 100% 99.4% 99.4
Individual Assessment Results for Each Member of the Board of Directors
I Dewa Niko Sigit Sylvanus
Swandajani Harry Denny Riza Takanori Ricky
No. Performance Made Kurniawan Hendra Gani K.
Gunadi Latif Farib Mizuno*) Gunawan
Susila B. Gunawan Mendrofa
1. Implementation 100 100 100 100 100 100 100 100 100
of Good
Corporate
Governance
2. The Board 100 100 100 100 100 100 100 100 100
of Directors’
contribution and
active role in the
implementation
and execution of
the Company’s
corporate
culture, vision,
mission, values,
budget, and
work plan.
3. Realization of 100 100 100 100 100 100 100 100 100
GMS resolutions.
4. Contribution 100 100 100 100 100 100 100 100 100
to the
implementation
of the
Company’s Work
Plan and Budget
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 289
Page 292
I Dewa Niko Sigit Sylvanus
Swandajani Harry Denny Riza Takanori Ricky
No. Performance Made Kurniawan Hendra Gani K.
Gunadi Latif Farib Mizuno*) Gunawan
Susila B. Gunawan Mendrofa
5. Implementation 100 100 100 100 100 100 100 100 100
of the
Company’s
Strategic Plan
6. Level of 100 100 100 100 100 100 100 100 100
achievement of
the Company’s
targets and
objectives.
7. Prompt issuance 100 100 100 100 100 100 100 100 100
of important
decisions based
on sound
judgment.
8. Close 100 100 100 100 100 100 100 100 100
relationships
between
the Board of
Directors and
senior officials.
9. Level of 93 89 93 96 100 96 100 100 93
attendance
at meetings,
both Board
of Directors
meetings
and Joint
meetings with
the Board of
Commissioners.
Total Score 99.2 98.7 99.2 99.5 100 99.5 100 100 99.2
*)
Resigned based on Resignation Letter dated October 31, 2025.
**)
As of October 1, 2025, no longer a member of the Company's Board of Directors.
***)
Appointed at the AGM on March 25, 2025, and effective after passing the OJK's competency and suitability test on June 30, 2025
REMUNERATION FOR THE BOARD OF COMMISSIONERS, BOARD OF DIRECTORS, AND COMMITTEES
UNDER THE BOARD OF COMMISSIONERS [GRI 2-19]
Basis for Determining Remuneration
The GMS determines the remuneration for the Board of Commissioners and Board of Directors of Adira Finance.
Furthermore, the President Commissioner determines the distribution of remuneration for each member of
the Board of Commissioners and Board of Directors based on the GMS resolution and the recommendations
of the Nomination and Remuneration Committee. In this process, the Company considers various aspects,
including the amount of remuneration from the previous year, the increasing complexity of responsibilities,
comparisons with similar industries, performance achievements, and the Company›s financial health.
Remuneration for members of Committees under the Board of Commissioners is based on the Decision of
the President Commissioner based on recommendations from the Company›s Nomination and Remuneration
Committee, after considering various factors, including the previous year›s remuneration, the complexity of
job responsibilities, comparisons with remuneration in similar industries, and the Company›s financial health.
290 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 293
Corporate
Governance
Remuneration Determination Procedures and Process [GRI 2-20]
Performance
Remuneration determination process for the Board of Commissioners and Directors: Highlights
The Nomination & Remuneration Committee collects information regarding Opening
remuneration standards for similar position in industries in the market. Furthermore,
Nomination &
the Nomination & Remuneration Committee proposes recommendations to the Board
Remuneration Committee of Commissioners.
Management
Report
The Board of Commissioners studies the recommendations from the Nomination Corporate
Board of & Remuneration Committee and further proposes the remuneration for the Board of
Profile
Commissioners Commissioners and Directors to the General Meeting of Shareholders.
Management
Discussion
and Analysis
The General Meeting of Shareholders determines the remuneration for members
General Meeting of of the Board of Commissioners and the Board of Directors and authorizes the President Environmental
Shareholders Commissioner to carry out the distribution. and Social
Responsibility
Supporting
Data
The President Commissioner divides remuneration for each member of the Board of
President Commissioners and the Board of Directors based on the resolutions of the General
Commissioner Meeting of Shareholders.
The process of determining the remuneration of Committee members under the Board of Commissioners:
The Nomination & Remuneration Committee collects information regarding
remuneration standards for similar position in industries in the market. Furthermore,
Nomination &
the Nomination & Remuneration Committee proposes recommendations to the
Remuneration Committee Board of Commissioners..
The Board of Commissioners studies the recommendations from the Nomination &
Board of Remuneration Committee and further proposes the remuneration for the member
Commissioners of Committee under the Board of Commissioners.
The conduct of remuneration distribution based on the decision of the Board of
Nomination &
Commissioners.
Remuneration Committee
Remuneration Structure
Remuneration structure for the Company’s Board of Commissioners and Directors in 2025
1. Short-Term Remuneration
No. Types of Remuneration Provisions
Board of Commissioners
1. Honorarium Given monthly in an amount in accordance with the results of the Company's Annual
General Meeting of Shareholders, taking into account the recommendations of the
Nomination and Remuneration Committee.
2. Allowances
• Transportation Allowance Paid monthly along with the honorarium.
• Religious Holiday Holiday Allowance, paid before Eid al-Fitr, is equal to one month's honorarium.
Allowance
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 291
Page 294
No. Types of Remuneration Provisions
3. Facilities
• Medical Provided in the form of health insurance for the Board of Commissioners and their
families.
4. Tantiem Provided in accordance with the Resolution of the Company's Annual General
Meeting of Shareholders, taking into account the recommendations of the
Nomination and Remuneration Committee.
Board of Directors
1. Salary Paid monthly, the amount determined by a resolution of the General Meeting of
Shareholders (GMS).
2. Allowances
• Religious Holiday The amount is equal to one month's salary, paid before Eid al-Fitr.
Allowance
• Communication The amount is based on the amount of monthly usage.
Allowance
• Transportation Allowance Provided monthly along with salary payments.
• Housing Allowance Provided in the form of a loan, repaid in monthly installments.
3. Facilities
• Medical Provided in the form of health insurance for both the relevant Board of Directors and
their families.
4. Tantiem The amount depends largely on the Company's performance and is determined by a
resolution of the GMS.
Committees under the Board of Commissioners
1. Honorarium Provided monthly in an amount determined by the Board of Commissioners,
taking into account recommendations from the Nomination and Remuneration
Committee.
2. Allowances
• Religious Holiday Holiday Allowance, paid before Eid al-Fitr, is equal to one month's honorarium.
Allowances
2. Long-Term Remuneration
There is no long-term or post-employment remuneration/compensation for members of the Board of
Commissioners, Board of Directors, and Committees under the Board of Commissioners.
Actual Realization of Remuneration for the Board of Commissioners, Board of Directors, and
Committees Under the Board of Commissioners in 2025 [GRI 2-21]
Remuneration of the Board of Commissioners:
(In Millions of Rupiah, except Number of Members)
Number of Board of Commissioners Member Amount of Board of Directors Remuneration
Type of Remuneration
2025 2024 2023 2022 2021 2025 2024 2023 2022 2021
Honorarium 4 4 4 5 6 3,024 3,622 3,466 3,524 4,065
Tantiem 4 4 4 5 6 819 1,130 975 874 570
Allowance 4 4 4 6 6 1,359 2,434 2,720 2,664 2,309
Total 5,202 7,186 7,161 7,062 6,944
Amount of Remuneration per person in 1 year Number of Board of Commissioners Member
Above IDR2 billion -
Above IDR1 billion - IDR2 billion 3
Above IDR500 million - IDR1 billion 1
Below IDR500 million -
292 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 295
Corporate
Governance
Remuneration of Directors:
Performance
Highlights
(In Millions of Rupiah, except Number of Members)
Number of Board of Directors Member Number of Board of Directors Remuneration
Type of Remuneration
2025 2024 2023 2022 2021 2025 2024 2023 2022 2021
Opening
Salary 9 8 6 7 7 15,693 12,596 8,794 9,381 11,702
Management
Tantiem 9 8 6 7 7 27,578 17,358 13,045 18,944 9,228 Report
Allowance 9 8 6 7 7 14,143 40,121 27,638 40,364 24,500
Total 57,414 70,075 49,477 68,689 45,430 Corporate
Profile
Amount of Remuneration per person in 1 year Number of Board of Directors Member Management
Discussion
and Analysis
Above IDR2 billion 9
Above IDR1 billion - IDR2 billion -
Environmental
Above IDR500 million - IDR1 billion - and Social
Responsibility
Below IDR500 million -
Supporting
Data
The remuneration of each member of the Board of Directors and Board of Commissioners is disclosed in the table
above. The Company does not disclose the detailed remuneration of each member of the Board of Directors
and Board of Commissioners because this constitutes personal and sensitive information, and to maintain the
confidentiality of individual data in accordance with applicable laws and good corporate governance practices.
Remuneration Of Committees Under The Board Of Commissioners:
Members of Committees under the Board of Commissioners who concurrently serve as members of the Board
of Commissioners do not receive additional remuneration, in accordance with Company policy.
(In Millions of Rupiah, except Number of Members)
Number of Committee Members Total Remuneration for Committee Members
Type of Remuneration
2025 2024 2023 2022 2021 2025 2024 2023 2022 2021
Honorarium 5 4 4 5 6 992 696 660 623 527
Tantiem 5 4 4 5 6 - 120 147 126 94
Total 992 816 807 749 621
Amount of Remuneration per person in 1 year Number of Committee Members
Above IDR2 billion -
Above IDR1 billion - IDR2 billion -
Above IDR500 million - IDR1 billion -
Below IDR500 million 5
Lowest and Highest Salary Ratio
The salaries compared in the salary ratio are the compensation received by members of the Board of Directors,
Board of Commissioners, and employees in the last month of the reporting year.
The highest and lowest salary ratios in 2025, on a comparative scale, are as follows:
Ratio of highest and lowest employee salaries 36 : 1
Ratio of highest and lowest salaries of members of the Board of Directors 5.3 : 1
Ratio of highest and lowest salaries of members of the Board of Commissioners 1.69 : 1
Ratio of highest salaries of members of the Board of Directors and highest salaries of employees 3.70 : 1
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 293
Page 296
BOARD OF COMMISSIONERS’ ASSESSMENT OF Performance Assessment Criteria for
THE PERFORMANCE OF COMMITTEES UNDER Committees Under the Board of Commissioners
THE BOARD OF COMMISSIONERS The performance assessment criteria for Committees
at the Board of Commissioners level are as follows:
Policy and Procedures for Assessing the 1. Collegial Assessment of Committee Performance
Performance of Committees Under the Board of at the Board of Commissioners
Commissioners a. Committee Structure and Composition
The performance assessment of each Committee b. Effectiveness of Committee Meetings
under the Board of Commissioners is conducted c. Effectiveness of Implementation of
annually (at least once a year), including: Committee Duties and Responsibilities
1. Collegial performance assessment of Committees 2. Individual Performance Assessment of Committee
under the Board of Commissioners; Members at the Board of Commissioners level
2. Individual performance assessment of Committee a. Competence and Capabilities of Committee
members under the Board of Commissioners; Members
and b. Effectiveness of Implementation of Committee
3. Performance assessment of Committee Chairs Member Duties and Responsibilities
under the Board of Commissioners. 3. Performance Assessment of Committee Chairs at
the Board of Commissioners level
In 2025, the Company conducted a self-assessment a. Effectiveness of Implementation of Duties
of the performance of Committees under the and Responsibilities
Board of Commissioners using an online survey b. Leadership within the Committee
administered to each Committee member under
the Board of Commissioners. The process and results
of this performance assessment are confidential,
anonymous, and independent. The results of this
performance assessment are expected to provide
input for improving the performance of Committees
under the Board of Commissioners in the future.
Parties Who Conduct Performance Assessments of Committees Under the Board of Commissioners
The parties who assess the performance of Committees under the Board of Commissioners are as follows:
No. Performance Evaluation The assessment was conducted by
1. Collective Committee Each member of the Committee assesses the performance of the Committee
2. Individual Committee Members Each member of the Committee provides an assessment for each other member of
the Committee.
3. Committee Chair Each member of the Committee assesses the performance of the Committee
Chair.
The results of the performance assessment are submitted to the Nomination and Remuneration Committee.
The Nomination and Remuneration Committee then submits and discusses all performance assessment
results of the Committees at the Board of Commissioners level in a Board of Commissioners meeting. The
discussion results will be followed up in the form of improvements or action plans (if necessary).
Performance Assessment Results of Committees Under the Board of Commissioners in 2025
Audit Committee Performance Assessment
The performance assessment of committees under the Board of Commissioners includes, among other things,
meeting attendance, implementation of core duties, and the timeliness of submission of required reports.
Audit Committee performance assessment in 2025:
No. Assessment Criteria Weight (%) Achievement (%) Weight x Achievement (%)
1. Meeting attendance rate 20 89 17.8
2. Task execution 40 100 40
3. Report submission accuracy 40 100 40
Total 97.8
294 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 297
Corporate
Governance
Risk Monitoring Committee Performance Assessment
Performance
The performance assessment of committees under the Board of Commissioners includes, among other things, Highlights
meeting attendance, implementation of core duties, and the timeliness of submission of required reports.
Opening
Risk Monitoring Committee performance assessment in 2025:
No. Assessment Criteria Weight (%) Achievement (%) Weight x Achievement (%)
Management
1. Meeting attendance rate 20 86 17.2 Report
2. Task execution 40 100 40
Corporate
3. Report submission accuracy 40 100 40 Profile
Total 97.2
Management
Discussion
and Analysis
Performance Assessment of the Nomination and Remuneration Committee
The performance assessment of committees under the Board of Commissioners includes, among other things,
Environmental
meeting attendance, implementation of core duties, and the timeliness of submission of required reports. and Social
Responsibility
Performance assessment of the Nomination and Remuneration Committee in 2025:
Supporting
Data
No. Assessment Criteria Weight (%) Achievement (%) Weight x Achievement (%)
1. Meeting attendance rate 20 100 20
2. Task execution 40 100 40
3. Report submission accuracy 40 100 40
Total 100
Corporate Governance Committee Performance Assessment
The performance assessment of committees under the Board of Commissioners includes, among other things,
meeting attendance, implementation of core duties, and the timeliness of submission of required reports.
Corporate Governance Committee performance assessment in 2025:
No. Assessment Criteria Weight (%) Achievement (%) Weight x Achievement (%)
1. Meeting attendance rate 20 100 20
2. Task execution 40 100 40
3. Report submission accuracy 40 100 40
Total 100
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 295
Page 298
AUDIT COMMITTEE REPORT Committee Guidelines and Work Procedures are also
uploaded to the Company’s official website at www.
The Audit Committee acts as an extension of adira.co.id.
the Board of Commissioners in carrying out its
oversight function over the Company’s performance. Membership
This committee is one of the main pillars in The composition of the Adira Finance Audit
implementing the principles of Good Corporate Committee, in accordance with the Decree of the
Governance, as stipulated in the Audit Committee Company’s Board of Commissioners dated April 2,
Guidelines and Work Procedures, OJK Regulation 2024, until the closing of the Annual General Meeting
No. 55/POJK.04/2015 concerning the Establishment of Shareholders for the 2026 financial year, which
and Guidelines for the Implementation of the will be held no later than June 30, 2027, is as follows:
Audit Committee’s Work, OJK Regulation No. Chairman: Manggi Taruna Habir (Independent
30/POJK.05/2014 concerning Good Corporate Commissioner)
Governance for Financing Companies, as amended Member: Jusuf Sukiman (Independent Party)
by OJK Regulation No. 29/POJK.05/2020, and OJK Member: Restiana Ie Tjoe Linggadjaya
Regulation No. 48 of 2024 concerning Good Corporate (Independent Party)
Governance for Financing Institutions, Venture
Capital Companies, Microfinance Institutions, and Details regarding the work experience and
Other Financial Services Institutions. educational background of each Audit Committee
member who is still serving as of the date of this
Formation of the Company Audit Committee 2025 Annual Report can be found in the Company
The Company’s Audit Committee was first Profile - Audit Committee Profile section.
established on August 30, 2004, at a Meeting of the
Company’s Board of Commissioners. On November Audit Committee Independence
29, 2005, based on a decision by the Company’s All members of the Audit Committee are independent
Board of Commissioners, the Audit Committee and parties who have no financial, managerial, share
Risk Management Committee were merged into the ownership, or family relationships with members
Audit and Risk Management Committee. of the Board of Commissioners, members of the
Board of Directors, and/or Controlling Shareholders,
With the Company’s growing business and the or business relationships with any of the Company’s
increasing challenges faced by the Audit Committee, subsidiaries or affiliated companies, which could
it was deemed necessary to separate the Audit and affect their ability to act independently.
Risk Management Committees. Based on these
considerations, on April 28, 2011, the Company’s Audit To determine the independence of the Company’s
and Risk Management Committees were separated Audit Committee members, data on the family,
into the Audit and Risk Management Committees. financial, managerial, and ownership relationships
of each Audit Committee member can be obtained.
Audit Committee Guidelines and Working
Procedures The family and financial relationships of Audit
Adira Finance’s Audit Committee has had a Guidelines Committee members with members of the Board
and Work Procedures since 2004, and these have of Commissioners and/or members of the Board of
been reviewed and revised several times. The Directors, and the Company’s shareholders are as
Audit Committee Guidelines and Work Procedures follows:
were last revised on September 21, 2022. The Audit
296 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 299
Corporate
Governance
Family Relationship:
Performance
Highlights
Family Relationship with:
Controlling
Board of Commissioners Board of Directors
Shareholder Opening
Congsin Congcar
Denny Riza Farib
MUFG Bank, Ltd.
Sylvanus Gani K.
Honggo Widjojo
Niko Kurniawan
Ricky Gunawan
Bonggowarsito
Manggi Taruna
Daisuke Ejima
Indonesia Tbk
Krisna Wijaya
I Dewa Made
Sigit Hendra
No. Name
Swandajani
Kangmasto
Harry Latif
Danamon
Mendrofa
Gunawan
PT Bank
Gunadi
Management
Susila
Habir
Report
Corporate
Profile
1. Manggi Taruna
- - - - - - - - - - - - - -
Habir Management
Discussion
and Analysis
2. Jusuf Sukiman - - - - - - - - - - - - - - -
3. Restiana Ie Tjoe
- - - - - - - - - - - - - - -
Linggadjaya Environmental
and Social
Responsibility
Supporting
Financial Relationship: Data
Financial Relationship with:
Controlling
Board of Commissioners Board of Directors
Shareholder
Congsin Congcar
Denny Riza Farib
MUFG Bank, Ltd.
Sylvanus Gani K.
Honggo Widjojo
Niko Kurniawan
Ricky Gunawan
Bonggowarsito
Manggi Taruna
Daisuke Ejima
Indonesia Tbk
Krisna Wijaya
I Dewa Made
Sigit Hendra
No. Name
Swandajani
Kangmasto
Harry Latif
Danamon
Mendrofa
Gunawan
PT Bank
Gunadi
Susila
Habir
1. Manggi Taruna
- - - - - - - - - - - - - -
Habir
2. Jusuf Sukiman - - - - - - - - - - - - - - -
3. Restiana Ie Tjoe
- - - - - - - - - - - - - - -
Linggadjaya
All members of the Company’s Audit Committee are independent in accordance with Financial Services
Authority Regulation No. 55/POJK.04/2015 concerning the Establishment and Guidelines for the Implementation
of Audit Committee Work.
The table below shows the management and ownership relationships of the Company’s Audit Committee
members in other companies:
Management and Ownership
in Other Financing Companies
Information As Member of As Member of
As Detailed Explanation
the Board of the Board of
Shareholder
Commissioners Directors
Audit Committee Yes No Yes No Yes No
Manggi Taruna Habir - √ - √ - √ All members of the Audit
Committee do not have any
Jusuf Sukiman - √ - √ - √ management or ownership
Restiana Ie Tjoe Linggadjaya relationships in other financing
- √ - √ - √ companies.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 297
Page 300
Term of Office of the Audit Committee
The term of office of Audit Committee members may not exceed the term of office of members of the Board
of Commissioners and may be re-elected for only one subsequent term, in accordance with OJK Regulation
No. 55/POJK.04/2015 concerning the Establishment and Guidelines for the Implementation of the Work of
Audit Committees. If the Chair of the Audit Committee resigns before his term of office, another Independent
Commissioner will replace him.
The following is the term of office of Audit Committee members:
Member’s Name Taking Office End of Term of Office
Manggi Taruna Habir September 16, 2021 Closing of the Annual General Meeting of Shareholders for the 2026
financial year
Jusuf Sukiman September 16, 2021 Closing of the Annual General Meeting of Shareholders for the 2026
financial year
Restiana Ie Tjoe Linggadjaya July 1, 2022 Closing of the Annual General Meeting of Shareholders for the 2026
financial year
Duties and Responsibilities of the Audit conformity of financial statements with financial
Committee accounting standards, and the implementation
The Audit Committee must monitor and evaluate of follow-up by the Board of Directors on the
the planning and implementation of audits as well findings of the internal audit unit, external
as monitor the follow-up on audit results in order to auditors, supervisory results of the Financial
assess the adequacy of internal control, including Services Authority, and/or supervisory results of
the adequacy of the financial reporting process. other authorities and institutions.
7. The Committee is obliged to provide
The Audit Committee is tasked with providing recommendations regarding the appointment
independent professional opinions to the Board of a public accountant and KAP to the Board of
of Commissioners regarding reports or matters Commissioners to be submitted to the GMS.
submitted by the Board of Directors to the Board of 8. Submitting reports on the Audit Committee’s
Commissioners and identifying matters requiring evaluation results regarding the implementation
the attention of the Board of Commissioners, which of audit services on historical annual financial
include, among others: information.
1. Reviewing financial information to be released 9. Reviewing and reporting to the Board of
by the Company, such as financial statements, Commissioners on complaints related to the
projections, and other financial information, Company.
and ensuring that the financial statements 10. Maintaining the confidentiality of all Company
are in accordance with applicable accounting documents, data, and information in its
standards. possession.
2. Analyzing the Company’s compliance with laws 11. Creating, reviewing, and updating the Audit
and regulations in the capital market sector Committee’s Charter.
and other laws and regulations related to the 12. Monitoring the follow-up on audit results in
Company’s activities. order to assess the adequacy of internal control,
3. Evaluating and analyzing the Company’s audit including the adequacy of the financial reporting
plan and its implementation. Ensuring that audits process.
are conducted at an appropriate frequency and
scope and monitoring the follow-up of audit Requirements for Audit Committee Members
reports. 1. Must possess high integrity, abilities, knowledge,
4. Analyzing the independence and objectivity of and experience appropriate to their field of work,
the public accountant and the conformity of the and be able to communicate well.
audit implementation by the Public Accounting 2. One of the Independent Party members of the
Firm (KAP) with applicable auditing standards. Committee must have expertise in the field of
5. Analyzing the adequacy of the examination audit.
conducted by the KAP to ensure all significant 3. One of the Independent Party members of the
risks have been considered. Committee must have expertise in finance or
6. Monitoring and evaluating the planning and accounting for Financing Companies or sharia
implementation of the internal audit unit’s duties, accounting for Sharia Financing Companies or
the conformity of the external auditor’s audit Financing Companies that have a Sharia Business
implementation with auditing standards, the Unit (UUS).
298 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 301
Corporate
Governance
4. One of the Independent Party members of the 3. Involve independent parties outside the Audit
Performance
Committee must have expertise in the field of Committee members as necessary to assist in Highlights
law and/or capital market. carrying out their duties (if required).
5. Understand financial statements, the Company’s 4. Exercise other authorities granted by the Board
Opening
business, particularly related to the Company’s of Commissioners.
services or business activities, the audit process,
risk management, and laws and regulations in Work Ethics Management
Report
the Capital Market sector as well as other relevant Every member of the Audit Committee must possess
laws and regulations. good integrity, character, and morals.
Corporate
6. Not an insider of a public accounting firm, Profile
legal consulting firm, public appraisal firm, or Procedure for Selecting Audit Committee Members
other party providing assurance services, non- Not Originating from Members of the Company’s Management
assurance services, appraisal services, and/ Board of Commissioners Discussion
and Analysis
or other consulting services to the Company 1. The Chairman of the Audit Committee or the
concerned within the last 6 (six) months. Board of Directors has the right to propose names
Environmental
7. Not a person who works or has the authority and of candidates for Audit Committee members and Social
Responsibility
responsibility to plan, lead, control, or supervise originating from outside the Company’s Board
the Company’s activities within the last 6 (six) of Commissioners members to the Company’s
Supporting
months. However, this provision does not apply Nomination and Remuneration Committee. Data
to Independent Commissioners. Proposed candidates must meet the competency
8. Audit Committee members, either directly or and independence requirements needed as
indirectly, must not own shares in the Company. members of the Audit Committee.
If a Committee member acquires Company 2. The Nomination and Remuneration Committee
shares, either directly or indirectly, due to a legal will conduct interviews and examine the
event, they must transfer the shares to another requirements of the proposed candidates.
party within 6 months of acquisition. After conducting interviews and examining
9. Committee members are prohibited from having the candidate’s requirements, the Nomination
an affiliated relationship with members of the and Remuneration Committee will submit
Board of Commissioners, members of the Board recommendations regarding candidates to be
of Directors, or controlling shareholders of the appointed as members of the Audit Committee
Company or Public Company. to the Board of Commissioners.
10. Committee members, either directly or indirectly, 3. The Board of Commissioners will study the
are prohibited from having business relationships recommendation from the Nomination and
related to the Company’s business activities. Remuneration Committee. If the recommendation
11. Must be willing to continuously improve their is approved, the Board of Commissioners will
competence through education and training. issue a decree of appointment as a member of
12. Must comply with the Audit Committee’s code of the Audit Committee. A copy of the appointment
ethics established by the Company. letter is also submitted to the Company’s Board
13. Must have at least 1 (one) member with an of Directors.
educational background and expertise in 4. The appointment of new Audit Committee
accounting and finance. members will be reported by the Chairman of
the Audit Committee at the first GMS after the
Authority of the Audit Committee appointment is made.
1. Access Company documents, data, and
information regarding employees, funds, assets,
and other Company resources related to the
implementation of their duties.
2. Communicate directly with employees, including
the Board of Directors and parties carrying out
internal audit, risk management, and accounting
functions related to the duties and responsibilities
of the Audit Committee.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 299
Page 302
Procedure for Selecting The Company’s Audit Committee Members
General Meeting of
Shareholders (GMS)
4. Report of Change of
Membership
2. Recommendation
Board of
Commissioners
3. Appointment
Nomination &
Audit Committee
Remuneration Committee
1. Candidate Nomination
1. Candidate Nomination
Board of Directors
Implementation of Audit Committee Duties During Company’s financial statements as stipulated
2025 in OJK Regulation No. 9 of 2023 concerning the
In 2025, the Audit Committee carried out its duties Use of Public Accountant Services and Public
in accordance with the Audit Committee Guidelines Accounting Firms in Financial Services Activities
and Work Procedures. The Audit Committee’s duties are the Public Accounting Firms of Liana Ramon
throughout 2025 included: Xenia and Partners (a Member Firm of Deloitte
Asia Pacific and the Deloitte Global Network) and
1. Reviewing the Company’s financial reports prior Elisabeth Imelda.
to submission to the Financial Services Authority, 3. Review the effectiveness of internal controls, risk
the Stock Exchange, other institutions, and the reporting, risk management implementation,
public, including the Annual Financial Report and compliance with applicable laws and
for the fiscal year ending December 31, 2024, the regulations.
Financial Report for the First Quarter of 2025, the 4. Prepare a report on the implementation of
Financial Report for the First Half of 2025, the the Audit Committee’s duties to the Board of
Financial Report for the Third Quarter of 2025, Commissioners.
and the Annual Financial Report for the fiscal 5. Evaluating the implementation of audit services
year ending December 31, 2025. for financial information in 2024 by Public
2. Providing recommendations to the Board of Accountants and/or Public Accounting Firms.
Commissioners regarding the appointment of
a Public Accountant and Public Accounting All findings, notes, and recommendations resulting
Firm, which will be proposed by the Board from the Audit Committee’s activities, reviews, and
of Commissioners to the GMS to audit the analyses during 2025 have been communicated and
Company’s financial reports. The Public discussed with the Company’s Management and
Accountants appointed by the GMS to audit the the Independent External Auditor, and have been
reported to the Company’s Board of Commissioners
for improvement and follow-up by the Company’s
Management.
300 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 303
Corporate
Governance
Audit Committee Reporting
Performance
Highlights
Report Addressed to Reporting Date
Audit Committee Report Board of Commissioners January 23, 2025
Opening
Audit Committee Report Board of Commissioners March 26, 2025
Evaluation Report on the Implementation Directorate of Supervision of Financing June 30, 2025
of Audit Services for Financial Information Institutions, Financial Services Authority Management
for the 2024 Financial Year by Public Report
Accountants and/or Accounting Firms
Audit Committee Report Board of Commissioners May 8, 2025 Corporate
Profile
Audit Committee Report Board of Commissioners July 30, 2025
Audit Committee Report Board of Commissioners October 8, 2025 Management
Discussion
and Analysis
Audit Committee Report Board of Commissioners November 27, 2025
Environmental
Audit Committee Member Training and Social
Responsibility
In 2025, to improve the knowledge and quality of Audit Committee members, the Company’s Audit Committee
members participated in training programs, including:
Supporting
Data
Name Training Provider Training Name
Manggi Taruna Asosiasi Perusahaan Pembiayaan National Seminar: Will Trade War Create Financial Turmoil
Habir Indonesia (APPI)-
Jusuf Sukiman ISACA Indonesia Chapter GRACS x IPSS 2025 | Trust by Design: Privacy, Security, and AI
Governance
Restiana Ie Tjoe Yayasan Pendidikan Internal Audit Seminar Nasional Internal Audit (SNIA) 2025: What Driving
Linggadjaya (YPIA) Change to Stay Ahead of The Curve for Internal Auditors in the
Coming Years? Yayasan Pendidikan Internal Audit (3-4 December
2025)
ISACA Indonesia Chapter GRACS IPSS 2025 (IT Governance, Risk Management, Assurance,
and Cyber Security, and Indonesia Privacy and Security Summit
2025): Trust by Design: Privacy, Security, and AI Governance for
the Future, Jakarta (28 Oct 2025)
The Institute of Internal Auditors National Conference 2025: Audit for Tomorrow, The Institute of
(IIA) Indonesia Internal Auditors (27-28 Aug 2025)
Yayasan Pendidikan Internal Audit Konferensi Auditor Internal (KAI) 2025: Navigating Emerging Risk,
(YPIA) Governance, and Opportunities, Yayasan Pendidikan Internal
Audit (2-3 Jul 2025)
Infobank Institute Risk Appetite Framework, Refreshment Certification Level 7,
Banking Strategic Learning (24 June 2025)
Audit Committee Meetings
Provisions regarding the Company’s Audit Committee Meetings:
· The Audit Committee will hold regular Committee Meetings at least once every three months.
· Committee Meetings may only be held if attended by more than half (one-half) of the total number of
members.
· Decisions at Committee Meetings are made by consensus. In the event that consensus cannot be reached,
decisions are made by majority vote.
· Audit Committee Meetings are chaired by the Committee Chair.
· If the Audit Committee Chair is absent, one of the Audit Committee members present at the meeting shall
be appointed to chair the Audit Committee Meeting.
· The results of Audit Committee Meetings must be recorded in the minutes of the meeting and properly
documented.
· Any differences of opinion arising during Audit Committee Meetings must be clearly stated in the minutes
of the meeting, along with the reasons for the differences.
Throughout 2025, the Audit Committee held six meetings with an attendance rate of 89%. This high attendance
rate demonstrates the high level of commitment from all members of the Company’s Audit Committee.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 301
Page 304
A brief report of the Audit Committee meetings for 2025 is as follows:
Audit Committee Meeting
Presence of
Committee
Members
Restiana Ie Tjoe
Manggi Taruna
Jusuf Sukiman
Linggadjaya
Date Agenda
Habir
January 23, 2025 1. ADMF Financial Statements for Fiscal Year 2024
2. Taxation Report
3. Follow-up from the Last Audit Committee Meeting
4. Progress of Regular Internal Audits and Key Issues Highlighted √ √ √
5. Summary of Internal Quality Assurance Review
6. Status of Information Technology Audit Follow-up Plan
7. Fraud
April 28, 2025 1. ADMF Financial Statements for Q1 2025
2. Taxation Report
3. Progress of Regular Internal Audits and Key Issues Highlighted
√ √ √
4. Status of Information Technology Audit Follow-up Plan
5. Fraud
6. Recurring Audit Issues and WBS Case Analysis
July 23, 2025 1. ADMF Financial Statements for Q1 2025
2. Merger Plan Report – Readiness for Regulatory Reporting
3. Taxation Report
4. 2025 Financial Statement Audit Update
5. Follow-up from the Last Audit Committee Meeting - √ √
6. Progress of Regular Internal Audits and Key Issues Highlighted
7. Update Information Technology
8. Mandala Internal Audit Division Update
9. Fraud
October 30, 2025 Audit of ADMF Interim Financial Statements as of September 30, 2025 - √ √
November 12, 2025 1. Regular Internal Audit Developments and Key Issues Highlighted
2. BDI-ADMF Joint Audit Results √ √ √
3. Fraud
November 24, 2025 Internal Audit Plan and Resources 2025 √ √ √
302 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 305
Corporate
Governance
RISK MONITORING COMMITTEE REPORT Membership
Performance
In accordance with the Decision of the Board of Highlights
The Risk Monitoring Committee is one of the Commissioners dated April 9, 2025, the composition
committees that assists the Board of Commissioners of the Risk Oversight Committee is as follows:
Opening
in carrying out its oversight function over the Chairman: Krisna Wijaya (Independent
Company’s performance. This is a key pillar in the Commissioner)
implementation of Good Corporate Governance Member: Manggi Taruna Habir (Independent Management
Report
principles, as outlined in the Risk Monitoring Commissioner)
Committee Charter (Guidelines and Work Member: Rio Erriad (Independent Party)
Corporate
Procedures). Member: Eng Heng Nee Philip (Independent Party) Profile
Establishment of the Corporate Risk Monitoring Details regarding the work experience and Management
Committee educational background of each member of the Risk Discussion
and Analysis
Initially, the Risk Monitoring Committee at Adira Oversight Committee can be found in the Company
Finance was called the Corporate Risk Management Data - Risk Oversight Committee Profile section.
Environmental
Committee, which was first established on August 30, and Social
Responsibility
2004, based on a resolution of the Company’s Board Independence of the Risk Management
of Commissioners Meeting. Then, on November 29, Committee
Supporting
2005, based on a resolution of the Company’s Board All members of the Risk Management Committee Data
of Commissioners Meeting, the Audit Committee are independent parties who have no financial,
and Risk Management Committee were merged managerial, share ownership, and/or family
into the Audit and Risk Management Committee. relationships with members of the Board of
Commissioners, members of the Board of Directors,
As the business grew and the challenges faced by and/or Controlling Shareholders, or business
the Risk Management Committee increased, it relationships with any of the Company’s subsidiaries
was deemed necessary to separate the Audit and or affiliated companies that could influence their
Risk Management Committees. Based on these decisions.
considerations, on April 28, 2011, the Company’s Audit
and Risk Management Committees were separated To determine the independence of the members of
into the Audit Committee and the Risk Management the Company’s Risk Monitoring Committee, data on
Committee. Furthermore, to comply with OJK the family, financial, management, and ownership
Regulation No. 29/POJK.05/2020 concerning relationships of each member of the Risk Monitoring
Amendments to POJK No. 30/POJK.05/2014 Committee can be obtained.
concerning Good Corporate Governance for
Financing Companies, the Committee’s name was The family and financial relationships of the Risk
changed to the Risk Monitoring Committee on Monitoring Committee members with members of
March 30, 2021. the Board of Commissioners and/or members of the
Board of Directors, and the Company’s shareholders
Risk Monitoring Committee Guidelines and are as follows:
Working Procedures
Adira Finance’s Risk Monitoring Committee has
had Guidelines and Work Procedures since 2011.
These have been evaluated several times, most
recently revised on July 29, 2021. The Risk Monitoring
Committee Guidelines and Work Procedures are also
uploaded to the Company’s official website at www.
adira.co.id.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 303
Page 306
Family Relationships:
Family Relationship with:
Controlling
Board of Commissioners Board of Directors
Shareholder
I Dewa Made Susila
Swandajani Gunadi
PT Bank Danamon
Congsin Congcar
Denny Riza Farib
MUFG Bank, Ltd.
Sylvanus Gani K.
Honggo Widjojo
Niko Kurniawan
Ricky Gunawan
Bonggowarsito
Manggi Taruna
Daisuke Ejima
Indonesia Tbk
Krisna Wijaya
Sigit Hendra
No. Name
Kangmasto
Harry Latif
Mendrofa
Gunawan
Habir
1. Krisna Wijaya - - - - - - - - - - - - - -
2. Manggi Taruna
- - - - - - - - - - - - - -
Habir
3. Rio Erriad - - - - - - - - - - - - - - -
4. Eng Heng Nee
- - - - - - - - - - - - - - -
Philip
Financial Relationship:
Financial Relationship with:
Controlling
Board of Commissioners Board of Directors
Shareholder
I Dewa Made Susila
Swandajani Gunadi
PT Bank Danamon
Congsin Congcar
Denny Riza Farib
MUFG Bank, Ltd.
Sylvanus Gani K.
Honggo Widjojo
Niko Kurniawan
Ricky Gunawan
Bonggowarsito
Manggi Taruna
Daisuke Ejima
Indonesia Tbk
Krisna Wijaya
Sigit Hendra
No. Name
Kangmasto
Harry Latif
Mendrofa
Gunawan
Habir
1. Krisna Wijaya - - - - - - - - - - - - - -
2. Manggi Taruna - - - - - - - - - - - -
- -
Habir
3. Rio Erriad - - - - - - - - - - - - - - -
4 Eng Heng Nee - - - - - - - - - - - - -
- -
Philip
The table below shows the management and ownership relationships of members of the Corporate Risk
Monitoring Committee in other financing companies:
Management and Ownership
in Other Financing Companies
Information As Member of As Member of
As Detailed Explanation
the Board of the Board of
Shareholder
Commissioners Directors
Risk Monitoring Committee Yes No Yes No Yes No
Krisna Wijaya - √ - √ - √ All members of the Risk
Management Committee do
Manggi Taruna Habir - √ - √ - √ not have any management
Rio Erriad - √ - √ - √ or ownership relationships in
other financing companies.
Eng Heng Nee Philip - √ - √ - √
304 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 307
Corporate
Governance
Term of Office of The Risk Monitoring Committee
Performance
The term of office of members of the Risk Monitoring Committee may not exceed the term of office of members Highlights
of the Board of Commissioners and may be re-elected for only one subsequent term, in accordance with the
Company’s Risk Monitoring Committee Guidelines and Work Procedures dated July 29, 2021. If the Committee
Opening
Chair resigns before his term of office, another Independent Commissioner will replace him.
The following is the term of office of members of the Risk Monitoring Committee currently in office: Management
Report
Member Name Taking Office End of Term of Office
Krisna Wijaya September 30, 2021 Closing of the Annual General Meeting of Shareholders for the 2026 Corporate
Profile
financial year
Manggi Taruna Habir June 6, 2022 Closing of the Annual General Meeting of Shareholders for the 2026
financial year Management
Discussion
and Analysis
Rio Erriad September 30, 2021 Closing of the Annual General Meeting of Shareholders for the 2026
financial year
Eng Heng Nee Philip April 9, 2025 Closing of the Annual General Meeting of Shareholders for the 2026 Environmental
and Social
financial year Responsibility
Supporting
Duties and Responsibilities of the Risk Monitoring 10. Collaborate with external consultants, Data
Committee accountants, or other external parties who advise
The Risk Management Committee is responsible or provide direction to the Committee regarding
for monitoring and evaluating the Company’s risk investigations, and seek various relevant
management planning and implementation. information from employees of collaborating
parties upon the Committee’s request.
The Risk Management Committee is tasked with 11. Other tasks, in addition to those mentioned
providing independent professional opinions to above, assigned by the Board of Commissioners
the Board of Commissioners on reports or matters to the Committee in accordance with its functions
submitted by the Board of Directors to the Board of and duties from time to time as needed.
Commissioners and identifying matters requiring
the Board of Commissioners’ attention. These Authority of the Risk Monitoring Committee
include: 1. The Company’s Risk Monitoring Committee is
1. Developing an annual activity plan approved by authorized to have full, free, and unrestricted
the Board of Commissioners. access to information regarding employees,
2. Monitoring and evaluating the alignment of funds, assets, and other Company resources
the Company’s risk management policies related to the implementation of its duties.
with their implementation in order to provide 2. In exercising its authority, the Risk Monitoring
recommendations to the Board of Commissioners. Committee must collaborate with the Company’s
3. Monitoring and evaluating the implementation risk management unit and other units as deemed
of the duties of the risk management committee necessary.
and risk management work unit. 3. Exercise other authority granted by the Board of
4. Reporting to the Board of Commissioners on Commissioners.
various risks faced by the Company and the
implementation of risk management by the Implementation of the Risk Monitoring
Board of Directors. Committee’s Duties During 2025
5. Evaluating the Company’s risk management Throughout 2025, the Risk Monitoring Committee
policies at least annually. carried out its duties in accordance with the Risk
6. Evaluating the Board of Directors’ accountability Monitoring Committee’s Guidelines and Work
for the implementation of risk management Procedures. The Risk Monitoring Committee’s duties
policies at least quarterly. throughout 2025 included:
7. Maintaining the confidentiality of all Company
documents, data, and information in its 1. Developing an annual activity plan approved by
possession. the Board of Commissioners.
8. Create, review, and update the Risk Monitoring 2. Evaluating the alignment between the
Committee Guidelines and Work Procedures. Company’s risk management policies and their
9. Organize and authorize investigations within the implementation.
scope of its duties. 3. Monitoring and evaluating the implementation
of the Company’s risk management to provide
recommendations to the Board of Commissioners.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 305
Page 308
4. Reporting to the Board of Commissioners on various risks faced by the Company and the implementation
of risk management by the Board of Directors.
5. Evaluating the Company’s risk management policies.
6. Evaluating the accountability of the Board of Directors for the implementation of risk management policies
on a regular basis.
Risk Monitoring Committee Reporting
Report Addressed to Reporting Date
Risk Monitoring Committee Report The Board of Commissioners January 23, 2025
Risk Monitoring Committee Report The Board of Commissioners May 8, 2025
Risk Monitoring Committee Report The Board of Commissioners July 30, 2025
Risk Monitoring Committee Report The Board of Commissioners November 12, 2025
Training for Risk Monitoring Committee Members
To improve the knowledge and quality of Risk Monitoring Committee members, in 2025, members of the
Company’s Audit Committee participated in training programs, including:
Name Training Organizer Nama Pelatihan
Krisna Wijaya Association of Indonesian Financing Companies National Seminar: Will Trade War Create Financial
Turmoil?
Manggi Taruna Association of Indonesian Financing Companies National Seminar: Will Trade War Create Financial
Habir Turmoil?
Rio Erriad Mutu Institute Halal Supervisor Competency Certification
Financial Services Authority supervises PVML Certification Program for PVML and IAKD
(Supervisor of Financing Institutions, Venture Supervisors at the Deputy Director Level of the
Capital, MFIs and Other Financial Services OJK (Guest Speaker)
Eng Heng Nee - -
Philip
Risk Monitoring Committee Meetings
Provisions regarding Company Risk Monitoring Committee Meetings:
· The Risk Monitoring Committee will hold meetings as needed or at least four times per year.
· Meetings may only be held if attended by at least 50% of the total number of members, including one
Independent Commissioner.
· Meeting decisions are made by consensus. In the event that consensus cannot be reached, decisions are
made by majority vote.
· Committee meetings are chaired by the Committee Chair.
· If the Committee Chair is absent, one of the Committee members present at the meeting is appointed to
chair the Risk Management Committee meeting.
· The results of Committee meetings must be recorded in the minutes of the meeting and properly
documented.
· Any differences of opinion arising during the meeting must be clearly stated in the minutes of the meeting,
along with the reasons for the differences.
During 2025, the Risk Oversight Committee held four meetings, with 86% attendance among Risk Oversight
Committee members. This high attendance rate demonstrates the strong commitment of all members of the
Company’s Risk Oversight Committee.
The attendance list for Risk Oversight Committee meetings during 2025 is as follows:
306 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 309
Corporate
Governance
Presence of Performance
Highlights
Committee Members
Opening
Manggi Taruna
Eng Heng Nee
Krisna Wijaya
Date Agenda
Rio Erriad
Philip*)
Habir
Management
Report
Corporate
Profile
January 23, 2025 1. Annual Assessment 2024 Financial Soundness Level √ √ √ -
2. Guidelines of Anti Fraud Strategy Implementation
3. Annual Review 2024/2025 Market and Liquidity Risk Limit Management
4. Risk Matrix and Risk Appetite Statement December 2024 Discussion
and Analysis
5. Regular Updates - Risk
- Credit Risk & Sales
- Operational Risk
Environmental
- Information Risk and Social
Responsibility
- Market & Liquidity Risk
- Legal Risk
- Re[utation Risk
Supporting
- Compliance Risk Data
- Anti Money Laundering Update
April 23, 2025 1. Credit Product Program √ √ √ -
2. Risk Matric and Risk Appetite Statement March 2024
3. Regular Updates - Risk
- Credit Risk & Sales
- Operational Risk
- Information Risk
- Market & Liquidity Risk
- Legal Risk
- Re[utation Risk
- Compliance Risk
- Anti Money Laundering Update
July 23 2025 1. New: Restructuring Guideline of Financing Receivables/Productive Assets √ - √ √
in Adira Finance
2. Annual Review: 2025 - Guideline of Risk Management Implementation
3. Annual Review: 2025 - Risk Appetite Statement
4. Risk Matrix and Risk Appetite Statement December 2024
5. Regular Updates - Risk
- Credit Risk & Sales
- Operational Risk
- Information Risk
- Market & Liquidity Risk
- Legal Risk
- Re[utation Risk
- Compliance Risk
- Anti Money Laundering Update
November 12, 2025 1. Risk Matrix and Risk Appetite Statement September 2024 √ √ √ -
2. Regular Updates - Risk
- Credit Risk & Sales
- Operational Risk
- Information Risk
- Market & Liquidity Risk
- Legal Risk
- Re[utation Risk
- Compliance Risk
- Anti Money Laundering Update
*) Appointed as a member of the Risk Monitoring Committee on April 9, 2025.
All findings, notes, and recommendations resulting from the implementation of activities, reviews, and
analyses by the Risk Management Committee during 2025 have been communicated and discussed with
the Company’s Management and reported to the Company’s Board of Commissioners for improvement and
follow-up by the Company’s Management.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 307
Page 310
NOMINATION AND REMUNERATION Member: Hafid Hadeli (Commissioner)
COMMITTEE Member: Tri Evita Aryani (Head of Human Capital &
General Affairs)
The Nomination and Remuneration Committee was
established to assist the Board of Commissioners in In accordance with the Board of Commissioners’
carrying out its duties and responsibilities related Decision dated April 9, 2025, the composition of the
to providing recommendations on the nomination Nomination and Remuneration Committee is as
and remuneration of members of the Board of follows:
Commissioners and the Board of Directors, in Chairman: Manggi Taruna Habir (Independent
accordance with GCG principles. The Nomination Commissioner)
and Remuneration Committee consists of five Member: Daisuke Ejima (President Commissioner)
members, chaired by an Independent Commissioner Member: Eng Heng Nee Philip (Independent Party)
of the Company. Member: Honggo Widjojo Kangmasto
(Commissioner)
Guidelines and Working Procedures for the Member: Tri Evita Aryani (Head of Human Capital &
Nomination and Remuneration Committee General Affairs)
The Adira Finance Nomination and Remuneration
Committee has had a Guideline and Work Procedure Information regarding work experience The
since 2008 and has undergone several evaluations, educational background and background of each
most recently on July 29, 2021. member of the Nomination and Remuneration
Committee can be found in the Company Data
The Guidelines and Work Procedures for the section – Nomination and Remuneration Committee
Nomination and Remuneration Committee have also Profile.
been uploaded to the Company’s official website at
www.adira.co.id. Based on OJK Regulation No. 29/POJK.05/2020
concerning Amendments to OJK Regulation No.
Membership 30/POJK.05/2014 concerning Good Corporate
In accordance with the Decision of the Board Governance for Financing Companies and OJK
of Commissioners dated October 18, 2021, the Regulation No. 34/POJK.04/2014 concerning the
composition of the Nomination and Remuneration Nomination and Remuneration Committee of
Committee is as follows: Issuers or Public Companies, specifically Article 3
Chairman: Manggi Taruna Habir (Independent Paragraph 1 letter a, the chair of the Nomination and
Commissioner) Remuneration Committee must be an Independent
Member: Yasushi Itagaki (President Commissioner) Commissioner.
Member: Eng Heng Nee Philip (Commissioner)
Member: Tri Evita Aryani (Head of Human Capital & Independence of Nomination and
General Affairs) Remuneration Committee Members
To determine the independence of the members
In connection with the resignation of Yasushi Itagaki of the Company’s Nomination and Remuneration
as President Commissioner of the Company at the Committee, data on the family relationships, financial
Annual General Meeting of Shareholders held on background, management, and ownership of each
April 4, 2023, the composition of the Nomination and member of the Nomination and Remuneration
Remuneration Committee until February 6, 2024, is Committee can be obtained.
as follows:
Chairman: Manggi Taruna Habir (Independent The family and financial relationships of members
Commissioner) of the Nomination and Remuneration Committee
Member: Eng Heng Nee Philip (Commissioner) with members of the Board of Commissioners
Member: Tri Evita Aryani (Head of Human Capital & and/or members of the Board of Directors and the
General Affairs) Company’s shareholders are as follows:
In accordance with the Decision of the Board
of Commissioners dated February 7, 2024, the
composition of the Nomination and Remuneration
Committee is as follows:
Chairman: Manggi Taruna Habir (Independent
Commissioner)
Member: Daisuke Ejima (President Commissioner)
Member: Eng Heng Nee Philip (Commissioner)
308 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 311
Corporate
Governance
Family Relationships:
Performance
Highlights
Family Relationship with:
Controlling
Board of Commissioners Board of Directors
Shareholder Opening
Congsin Congcar
Denny Riza Farib
MUFG Bank, Ltd.
Sylvanus Gani K.
Honggo Widjojo
Niko Kurniawan
Ricky Gunawan
Bonggowarsito
Manggi Taruna
Daisuke Ejima
Indonesia Tbk
Krisna Wijaya
I Dewa Made
Sigit Hendra
No. Name
Swandajani
Kangmasto
Harry Latif
Danamon
Mendrofa
Gunawan
PT Bank
Gunadi
Management
Susila
Habir
Report
Corporate
Profile
1. Manggi Taruna
- - - - - - - - - - - - - -
Habir Management
Discussion
and Analysis
2. Daisuke Ejima - - - - - - - - - - - - - -
3. Eng Heng Nee
- - - - - - - - - - - - - - -
Philip Environmental
and Social
Responsibility
4. Honggo Widjojo
- - - - - - - - - - - - - -
Kangmasto
Supporting
5. Tri Evita Aryani - - - - - - - - - - - - - - - Data
Financial Relationships:
Financial Relationship with:
Controlling
Board of Commissioners Board of Directors
Shareholder
Manggi Taruna Habir
I Dewa Made Susila
Swandajani Gunadi
PT Bank Danamon
Congsin Congcar
Denny Riza Farib
MUFG Bank, Ltd.
Sylvanus Gani K.
Honggo Widjojo
Niko Kurniawan
Ricky Gunawan
Bonggowarsito
Daisuke Ejima
Indonesia Tbk
Krisna Wijaya
Sigit Hendra
No. Name
Kangmasto
Harry Latif
Mendrofa
Gunawan
1. Manggi Taruna
- - - - - - - - - - - - - -
Habir
2. Daisuke Ejima - - - - - - - - - - - - √ -
3. Eng Heng Nee
- - - - - - - - - - - - - - -
Philip
4. Honggo Widjojo
- - - - - - - - - - - - √ -
Kangmasto
5. Tri Evita Aryani - - - - - - - - - - - - - - -
Caption: Daisuke Ejima and Honggo Widjojo Kangmasto respectively serve as President Director and Deputy President Director of PT Bank
Danamon Indonesia Tbk
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 309
Page 312
The table below shows the management and ownership relationships of members of the Company’s
Nomination and Remuneration Committee in other financing companies:
Management and Ownership
in Other Financing Companies
Information As Member of As Member of
As
the Board of the Board of Detailed Explanation
Shareholder
Commissioners Directors
Nomination and Remuneration
Yes No Yes No Yes No
Committee
Manggi Taruna Habir - √ - √ - √ All members of
the Nomination
Daisuke Ejima - √ - √ - √
and Remuneration
Eng Heng Nee Philip - √ - √ - √ Committee do not have
Honggo Widjojo Kangmasto - √ - √ - √ any management or
ownership relationships
Tri Evita Aryani in other financing
- √ - √ - √
companies.
Term of Office of the Nomination and Remuneration Committee
According to applicable regulations, the term of office of committee members may not exceed the term of
office of members of the Board of Commissioners.
The following is the term of office of members of the Nomination and Remuneration Committee:
Member Name Taking Office End of Term of Office
Manggi Taruna Habir October 18, 2021 -
Daisuke Ejima February 7, 2024 -
Eng Heng Nee Philip April 9, 2025 -
Honggo Widjojo Kangmasto April 9, 2025 -
Tri Evita Aryani October 18, 2021 -
Duties and Responsibilities of the Nomination and 2. Regarding the Remuneration Policy:
Remuneration Committee a. Providing recommendations to the Board of
The duties and responsibilities of the Nomination Commissioners regarding:
and Remuneration Committee are as follows: (1) the remuneration structure for members
1. Regarding the Nomination Policy: of the Board of Directors and/or members
a. Providing recommendations to the Board of of the Board of Commissioners;
Commissioners regarding: (2) policies regarding the remuneration of
(1) the composition of the positions of members of the Board of Directors and/or
members of the Board of Directors and/or Board of Commissioners; and
members of the Board of Commissioners; (3) the amount of remuneration for members
(2) the policies and criteria required in the of the Board of Directors and/or Board of
nomination process; and Commissioners.
(3) the performance evaluation policy for b. assisting the Board of Commissioners in
members of the Board of Directors and/or conducting performance assessments
members of the Board of Commissioners; to ensure the appropriateness of the
b. Assisting the Board of Commissioners in remuneration received by each member
assessing the performance of members of of the Board of Directors and/or Board of
the Board of Directors and/or members of the Commissioners.
Board of Commissioners based on established
benchmarks for evaluation; Requirements for Nomination and Remuneration
c. Providing recommendations to the Board Committee Members
of Commissioners regarding capacity 1. Possess integrity and good morals.
development programs for members of the 2. Possess sound knowledge and experience in
Board of Directors and/or members of the human resource management.
Board of Commissioners; and 3. Possess adequate knowledge of labor laws and
d. Providing proposals for qualified candidates other related laws and regulations.
for members of the Board of Directors and/or
members of the Board of Commissioners to
the Board of Commissioners for submission to
the General Meeting of Shareholders (GMS).
310 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 313
Corporate
Governance
Authorities of the Nomination and Remuneration 2. Assisting the Board of Commissioners in
Performance
Committee assessing the performance of members of the Highlights
1. Access records or information regarding Board of Directors and/or Board of Commissioners
employees, funds, assets, and other Company based on established benchmarks for evaluation
Opening
resources related to the performance of their purposes.
duties. 3. Provide recommendations to the Board of
2. Summon and request information from Commissioners regarding the capacity Management
Report
prospective members of the Board of development program for members of the Board
Commissioners and/or prospective members of Directors and/or Board of Commissioners.
Corporate
of the Board of Directors and/or other senior 4. Provide proposals for qualified candidates for Profile
Company officials to provide an overview of members of the Board of Directors and/or Board
the capabilities and suitability of prospective of Commissioners to the Board of Commissioners Management
members of the Board of Commissioners and/or for submission to the GMS. Discussion
and Analysis
prospective members of the Board of Directors 5. Regarding the remuneration function, provide
and/or senior Company officials. recommendations to the Board of Commissioners
Environmental
3. Has the right to recommend or reject candidates regarding: and Social
Responsibility
for the Board of Commissioners and/or Board a. Remuneration structure;
of Directors and/or senior Company officials b. Remuneration policy; and
Supporting
proposed by any party. c. Remuneration amount. Data
6. Assist the Board of Commissioners in assessing
Implementation of the Nomination and the performance of each member of the Board
Remuneration Committee’s Duties During 2025 of Directors and/or Board of Commissioners
Throughout 2025, the Nomination and Remuneration in assessing the appropriateness of the
Management Committee carried out its duties in remuneration received by each member of the
accordance with the Nomination and Remuneration Board of Directors and/or Board of Commissioners.
Committee’s Guidelines and Work Procedures. 7. Determine the criteria for Board of Directors
The Nomination and Remuneration Management members, the required expertise, and the
Committee’s duties throughout 2025 included: number of Board members.
8. Ensure that remuneration levels are formulated
1. In relation to nomination activities, providing taking into account the financial risks, demands,
recommendations to the Board of Commissioners and requirements of each responsibility in the
regarding: relevant industry.
a. The composition of the positions of members 9. Recommend remuneration packages for the
of the Board of Directors and/or Board of Board of Directors in the form of incentive
Commissioners; programs, such as the Company’s bonus
b. The policies and criteria required in the distribution scheme.
nomination process; and 10. Manage and monitor adequate remuneration
c. The performance evaluation policy for policies and programs.
members of the Board of Directors and/or
Board of Commissioners.
Reporting of the Nomination and Remuneration Committee
Report Addressed to Reporting Date
Report of the Nomination and Remuneration Committee Board of Commissioners March 26, 2025
Training for Nomination and Remuneration Committee Members
To improve the knowledge and quality of Nomination and Remuneration Committee members, in 2025,
members of the Company’s Nomination and Remuneration Committee participated in the following trainings:
Name Training Name Training Provider
Manggi Taruna Habir Asosiasi Perusahaan National Seminar Will Trade War Create Financial
Pembiayaan Indonesia (APPI) Turmoil?
Daisuke Ejima Asosiasi Perusahaan Strengthening Multifinance Resilience Amidst
Pembiayaan Indonesia (APPI) Economic Slowdown and Regulatory Shifts
Eng Heng Nee Philip - -
Honggo Widjojo Kangmasto - -
Tri Evita Aryani - -
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 311
Page 314
Nomination and Remuneration Committee Meetings
During 2025, the Nomination and Remuneration Committee has held two hybrid meetings (online and
offline) and one circular meeting with 100% attendance. This high attendance rate demonstrates the strong
commitment of all members of the Company’s Nomination and Remuneration Committee. At these meetings,
the Committee evaluated and reviewed the Company’s remuneration system.
The attendance list for the Nomination and Remuneration Committee meetings during 2025 is as follows:
Presence of Committee
Members
Honggo Widjojo
Manggi T. Habir
Tri Evita Aryani
Eng Heng Nee
Daisuke Ejima
Kangmasto*)
Date Agenda
Philip*)
February 28, 2025 Bonus 2024 & Salary Increase 2025 √ √ - - √
August 4, 2025 LTI Program √ √ √ √ √
December 16, 2025 (circular) Changes in the Composition of the Board of Directors √ √ √ √ √
*) Appointed as a member of the Company's Nomination and Remuneration Committee on April 9, 2025.
Throughout 2025, all reports and recommendations resulting from the implementation of activities, reviews,
and analyses by the Nomination and Remuneration Committee have been communicated and discussed with
the Company’s Management and reported to the Company’s Board of Commissioners for follow-up by the
Company’s Management.
Succession Policy
Adira Finance has and implements a succession policy for the Board of Commissioners, Directors, and/or senior
officials aimed at preparing for leadership regeneration within the Company. The main points of the Adira
Finance Succession Policy are as follows:
a. Developing and providing recommendations regarding the system and procedures for selecting and/
or replacing members of the Board of Commissioners and Directors to the Board of Commissioners for
submission to the GMS.
b. Providing recommendations regarding candidates for members of the Board of Commissioners and/or
Directors to the Board of Commissioners for submission to the GMS.
312 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 315
Corporate
Governance
CORPORATE GOVERNANCE COMMITTEE Details regarding the work experience and
Performance
educational background of each member of the Highlights
The Corporate Governance Committee was Corporate Governance Committee can be found
established to support the Board of Commissioners in the Company Data section of the Corporate
Opening
in carrying out its oversight function and ensuring Governance Committee Profile.
the implementation of GCG principles at all levels of
the organization. This committee plays a strategic Independence of Corporate Governance Management
Report
role in providing recommendations and input to the Committee Members
Board of Commissioners regarding strengthening All members of the Corporate Governance Committee
Corporate
governance, compliance with laws and regulations, are independent parties who have no financial, Profile
and the implementation of best practices to managerial, share ownership, or family relationships
maintain integrity, transparency, and accountability with any member of the Board of Commissioners, Management
in all Adira Finance business activities. Board of Directors, and/or Controlling Shareholders, Discussion
and Analysis
or any business relationship with any subsidiary or
Through the Corporate Governance Committee, affiliated company in the Company that could affect
Environmental
the Company ensures that all business processes their ability to act independently. and Social
Responsibility
and decision-making prioritize the principle
of prudence and align with the interests of To determine the independence of the Corporate
Supporting
shareholders and other stakeholders. Currently, the Governance Committee members, the family, Data
Corporate Governance Committee is chaired by an financial, managerial, and ownership relationships
Independent Commissioner and consists of one of each member of the Corporate Governance
independent party. Committee can be seen.
Membership The family and financial relationships of members
As of the publication of this Annual Report, of the Corporate Governance Committee with
the membership of the Corporate Governance members of the Board of Commissioners and/or
Committee is as follows: members of the Board of Directors and shareholders
Chairman : Krisna Wijaya (Independent of the Company are as follows:
Commissioner)
Member : Diyah Sasanti (Independent Party)
Family Relationships:
Family Relationship with:
Controlling
Board of Commissioners Board of Directors
Shareholder
Congsin Congcar
Denny Riza Farib
MUFG Bank, Ltd.
Sylvanus Gani K.
Honggo Widjojo
Niko Kurniawan
Ricky Gunawan
Bonggowarsito
Manggi Taruna
Daisuke Ejima
Indonesia Tbk
Krisna Wijaya
I Dewa Made
Sigit Hendra
No. Name
Swandajani
Kangmasto
Harry Latif
Danamon
Mendrofa
Gunawan
PT Bank
Gunadi
Susila
Habir
1. Krisna Wijaya - - - - - - - - - - - - - -
2. Diyah Sasanti - - - - - - - - - - - - - - -
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 313
Page 316
Financial Relationships:
Financial Relationships with:
Controlling
Board of Commissioners Board of Directors
Shareholder
Congsin Congcar
Denny Riza Farib
MUFG Bank, Ltd.
Sylvanus Gani K.
Honggo Widjojo
Niko Kurniawan
Ricky Gunawan
Bonggowarsito
Manggi Taruna
Daisuke Ejima
Indonesia Tbk
Krisna Wijaya
I Dewa Made
Sigit Hendra
No. Name
Swandajani
Kangmasto
Harry Latif
Danamon
Mendrofa
Gunawan
PT Bank
Gunadi
Susila
1. Krisna Wijaya - Habir
- - - - - - - - - - - - -
2. Diyah Sasanti - - - - - - - - - - - - - - -
The table below shows the management and ownership relationships of members of the Corporate Governance
Committee in other financing companies:
Management and Ownership in
Other Financing Companies
Description As a Member As a Member
As a
of the Board of of the Board of Detailed Explanation
Shareholder
Commissioners Directors
Corporate Governance
Yes No Yes No Yes No
Committee
Krisna Wijaya - √ - √ - √ All members of the Corporate
Governance Committee do
Diyah Sasanti - √ - √ - √ not have any management
or ownership relationships in
other financing companies.
Duties and Responsibilities of The Corporate Governance Committee
The duties and responsibilities of the Corporate Governance Committee are as follows:
a. Reviewing, evaluating, and recommending Adira Finance’s Corporate Governance framework, policies, and
comprehensiveness;
b. Monitoring the implementation of Good Corporate Governance principles across all Adira Finance business
activities at all levels;
c. Reviewing, evaluating, and recommending programs/activities related to Adira Finance’s responsibilities to
stakeholders; and
d. Carrying out other duties assigned by the Board of Commissioners related to the development and
implementation of Corporate Governance.
Requirements for Corporate Governance Committee Members
1. Possessing integrity and good morals;
2. Possessing sound knowledge and experience in the field of Corporate Governance;
3. Possessing adequate knowledge of labor laws and other related laws and regulations.
Authorities of the Corporate Governance Committee
1. Access records or information regarding employees, funds, assets, and other Company resources related to
the implementation of its duties.
2. Communicate directly with employees, including the Board of Directors and other Company employees
related to the duties and responsibilities of the Corporate Governance Committee.
Implementation of the Corporate Governance Committee’s Duties During 2025
Throughout 2025, the Corporate Governance Committee carried out its duties in accordance with the Corporate
Governance Committee’s Guidelines and Work Procedures. The Corporate Governance Committee’s duties
throughout 2025 included:
314 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 317
Corporate
Governance
1. Monitor the implementation of Good Corporate Governance principles across all Adira Finance business
Performance
activities at all levels; Highlights
2. Review, evaluate, and recommend programs/activities related to Adira Finance’s responsibilities to
stakeholders; and
Opening
3. In order to implement Integrated Governance, the Chair of the Corporate Governance Committee has
become a member of the Danamon Group Integrated Governance Committee and regularly attends
meetings held twice a year. Management
Report
Corporate Governance Committee Reporting
Corporate
Profile
Report Addressed To Reporting Date
Adira Finance Governance Update Integrated February 6, 2025
• Self-Assessment of Good Corporate Governance Practices Governance Management
Discussion
• Analysis of New Regulations Relating to Finance Companies and Their Committee, Bank and Analysis
Implementation in the Company Danamon
• Non-Compliance with Existing Regulations
• Self-Assessment of Company Health Level Environmental
• Update on Integrated Audits (Internal and Regulatory) and Social
Responsibility
• Information on Fraud Cases
Good Corporate Governance Implementation Report for the Company Financial Services April 29, 2025
for Fiscal Year 2024 Authority Supporting
Data
Adira Finance Governance Update Integrated Agustus 11, 2025
• Self-Assessment of Good Corporate Governance Practices Governance
• Analysis of New Regulations Relating to Finance Companies and Their Committee, Bank
Implementation in the Company Danamon
• Non-Compliance with Existing Regulations
• Self-Assessment of the Company's Health Level
• Update on Integrated Audits (Internal and Regulatory)
• Fraud Case Information
• Corporate Actions
Training for Corporate Governance Committee Members
To improve the knowledge and quality of Corporate Governance Committee members, by 2025, the Corporate
Governance Committee members had participated in training programs, including:
Name Training Provider Training Name
Krisna Wijaya Indonesian Financing Companies National Seminar: Will the Trade War
Association (APPI) Create Financial Turmoil?
Diyah Sasanti - -
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 315
Page 318
Corporate Governance Committee Meetings
During 2025, the Corporate Governance Committee held 2 (two) meetings with 100% attendance. This high
attendance rate demonstrates the high level of commitment from all members of the Corporate Governance
Committee.
The attendance list for Corporate Governance Committee meetings during 2025 is as follows:
Attendanceof
Committee
Members
Krisna Wijaya
Diyah Sasanti
Date Agenda
February 6, 2025 • Self-Assessment of Good Corporate Governance Practices √ √
• Analysis of New Regulations Relating to Finance Companies and Their
Implementation in the Company
• Non-Compliance with Existing Regulations
• Self-Assessment of Company Health Level
• Update on Integrated Audits (Internal and Regulatory)
• Fraud Case Information
August 11, 2025 • Self-Assessment of Good Corporate Governance Practices √ √
• Analysis of New Regulations Relating to Finance Companies and Their
Implementation in the Company
• Non-Compliance with Existing Regulations
• Self-Assessment of Company Health Level
• Update on Integrated Audits (Internal and Regulatory)
• Fraud Case Information
• Corporate Actions
All reports and recommendations from the results of the implementation of activities, reviews and analyses
of the Corporate Governance Committee during 2025 have been communicated and discussed with the
Company’s Management and have been reported to the Company’s Board of Commissioners for follow-up by
the Company’s Management.
316 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 319
Corporate
Governance
CORPORATE SECRETARY d. Organizing and documenting meetings
Performance
of the Board of Directors and/or Board of Highlights
The Corporate Secretary has a strategic role as a Commissioners; and
liaison between the Company and shareholders, e. Implementing orientation programs
Opening
the Financial Services Authority (OJK), the Indonesia regarding the Company for new members
Stock Exchange (IDX), stakeholders, and the public. of the Board of Directors and/or Board of
This function aims to ensure the fulfillment of the Commissioners, as well as Committees under Management
Report
principle of information disclosure, compliance the Board of Commissioners.
with laws and regulations, and the consistent 4. Providing services to stakeholders regarding
Corporate
implementation of GCG practices throughout any information concerning the Company’s Profile
the Company. Through this role, the Corporate condition.
Secretary contributes to supporting smooth 5. Acting as a liaison between the Company and Management
corporate communication, delivering transparent its shareholders, regulatory parties (Financial Discussion
and Analysis
and accurate information, and strengthening the Services Authority, IDX, and others), other
image and reputation of Adira Finance as a trusted stakeholders, and the public.
Environmental
and professional financing company. Within the 6. Monitoring and providing input on the Company’s and Social
Responsibility
Company’s organizational structure, the Corporate compliance with applicable laws and regulations
Secretary reports directly to the President Director related to the Company’s business activities.
Supporting
and has the main duties of managing relationships 7. Preparing specific registers related to the Board Data
with investors, the public, internal parties, and of Directors, Board of Commissioners, and
managing Company data. their families, both within the Company and its
Affiliates, which include, among others, share
The provisions that serve as guidelines for the ownership, business relationships, and other
Corporate Secretary of Adira Finance are: data that can provide information regarding the
• OJK Regulation No. 35/POJK.04/2014 concerning risk of conflicts of interest with the Company.
Corporate Secretaries of Issuers or Public 8. Creating and/or maintaining a register of
Companies; and shareholders, including ownership of 5% or more
• Other regulations related to the Company, of the Company’s total shares.
including regulations in the fields of Limited 9. Maintaining and fostering intensive
Liability Companies, Capital Market, and Financial communication with investors. In 2025, the
Services Institutions. Corporate Secretary held 18 (eighteen) meetings
with investors or analysts.
Duties and Responsibilities
The duties of the Corporate Secretary include the Requirements for the Corporate Secretary
following: 1. Legally competent to perform legal acts;
1. Monitoring capital market developments, 2. Possesses knowledge and understanding in the
especially regulations in force in the capital fields of law, finance, and corporate governance;
market sector, and disseminating them to the 3. Understands the Company’s business activities;
Board of Commissioners, Board of Directors, and 4. Has good communication skills; and
Company stakeholders. 5. Domiciled in Indonesia.
2. Providing input to the Company’s Board of
Directors and Board of Commissioners to comply The Corporate Secretary is appointed or dismissed
with the provisions of laws and regulations in the based on a decision of the Board of Directors, reports
capital market sector. directly to the President Director, and is required to
3. Assisting the Board of Directors and Board make periodic reports at least 1 (one) time a year.
of Commissioners in the implementation of
Corporate Governance, which includes: From April 30, 2024, until the issuance of this
a. Information disclosure to the public; Annual Report, the position of Corporate Secretary
b. Timely submission of reports to regulators; of Adira Finance has been held by Veronika Dyah
c. Organizing and documenting GMS, including Puspitaningrum, referring to the Board of Directors’
preparing the process (reporting GMS plans, decree No. 006/ADMF/BOD/IV/2024.
announcements, invitations, and submission
of GMS results), preparing GMS materials
(including the Company’s Annual Report),
and conducting the GMS;
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 317
Page 320
Profile of the Corporate Secretary
Veronika Dyah Puspitaningrum
Corporate Secretary
Citizenship Indonesia
Place/Date of Birth Jakarta, July 24, 1980
Age 45 Years Old
Domicile South Jakarta
Legal Basis for Board of Directors Decree No. 006/ADMF/BOD/IV/2024
Appointment
Educational History • Bachelor of Political Science, Padjajaran University
• Master of Law, Pelita Harapan University
Work Experience • Corporate Secretary (2024-present)
• Head of Compliance & AML Unit (2022-present)
• Vice President of Risk and Fraud Management Group, PT Fintek Karya Nusantara (2020-2022)
• Vice President of Operational Risk Management & Methodology Unit, PT Bank Commonwealth
(2018-2020)
• Vice President of Operational Risk for Retail Banking Unit, PT Bank UOB Indonesia (2018)
• Assistant Vice President of Operational Risk for Support Function, PT Bank CIMB Niaga Tbk (2014-
2017)
• Senior Manager of Quality Assurance Unit, PT Bank OCBC NISP Tbk (2012-2014)
• Assistant Manager of Operational Risk Management, PT Bank of China, Ltd. (2011-2012)
• Assistant Manager of Risk and Control Development, PT Bank Tabungan Pensiunan Nasional Tbk
(2009-2011)
• Senior Officer of Operational Risk Management Training & Socialization, PT Bank Permata Tbk
(2006 - 2009)
• Operations Officer Training Program - Development Program, PT Bank Permata Tbk (2005 - 2006)
Education or Training to - Cyber Security Fundamental, ISACA
Improve Competence - ISO/IEC 27001:2013 Lead Auditor Information Security Management Systems, IRCA
2025 - Adira Leadership Progam (ALP) – Internalisasi CErDik for VP & SVP Enabler
Certification - Risk Management Level 3 Certification, Risk Management Certification Agency
- Managerial Certification, Indonesian Financing Company Certification Agency
- General Data Protection Regulation
318 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 321
Corporate
Governance
Company Secretary Organizational Structure:
Performance
Highlights
Chief Executive Opening
Officer
Management
Report
Chief of Financial Officer
Corporate
Profile
Head of Corporate Secretary & Management
Investor Relation
Discussion
and Analysis
Environmental
Head of Corporate Head of Investor
and Social
Responsibility
Secretary Relations & Research
Supporting
Data
Corporate Investor
Corporate Investor Relations
Secretary Relations
Secretary Admin Research
Reporting Reporting
Implementation Of 2025 Activities
Activities organized by the Corporate Secretary throughout 2025:
1. Held the Annual GMS on March 25, 2025, and the Extraordinary GMS on June 30, 2025.
2. Held analyst and/or investor meetings, totaling 18 (eighteen) meetings throughout 2025.
3. Maintained communication with the Ministry of Finance, the Financial Services Authority, Bank Indonesia,
the Indonesia Stock Exchange, KSEI, BAE, and other institutions.
4. Attended every meeting of the Board of Commissioners and Board of Directors and prepared minutes of
the meetings held.
5. Participated in the merger process with PT Mandala Multifinance Tbk.
6. Participated in the issuance of Bonds and Sukuk.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 319
Page 322
INTERNAL AUDIT - Provide an independent view to the Board
of Commissioners, through the Audit
The Internal Audit function within Adira Finance is Committee, and Management on the
carried out by the Internal Audit Unit (SKAI), which adequacy of internal control and compliance
plays a crucial role in ensuring the effectiveness of with policies and procedures; and
internal control implementation, risk management, - Provide consulting services that add value
and good corporate governance processes and improve the Company’s operational
across all lines of the Adira Finance organization. performance.
Through planned, systematic, and risk-based audit · SKAI’s Accountability, whereby SKAI is structurally
implementation, SKAI supports the sustainable accountable for all its activities to the President
achievement of the Company’s goals by ensuring Director and functionally responsible to the Board
that all operational activities are carried out in of Commissioners through the Audit Committee.
accordance with policies, procedures, and applicable · SKAI’s Scope covers all entities within PT Adira
laws and regulations. Additionally, SKAI also plays Dinamika Multi Finance Tbk.
a role in providing constructive improvement · SKAI’s Authority, among others:
recommendations to enhance the effectiveness, - Has unrestricted access to all Company
efficiency, and integrity of the Company’s business functions, activities, records, assets, and
processes. personnel relevant to its duties and functions.
- Can communicate directly, including holding
Internal Audit Unit Charter periodic and incidental meetings with the
SKAI has an Internal Audit Unit Charter (Piagam Board of Directors, Board of Commissioners,
SKAI) that regulates several matters, including: Audit Committee, and Sharia Supervisory
· Structure, position & independence so that SKAI Board.
can carry out its duties freely and objectively. - Can allocate resources, determine frequency,
· SKAI’s Vision is to carry out the best Internal Audit select subjects, determine the scope of work,
function, in accordance with International Best and apply techniques needed to achieve audit
Practices, and become a trusted advisor that objectives.
proactively provides strategic advice and services - Can obtain necessary personnel assistance,
that add value to the company by ensuring from within or outside the organization, to
the implementation of corporate governance carry out audits and other special services.
principles in line with the company’s strategy Obtain relevant information regarding:
and policies. • Important changes to the company structure,
· SKAI’s Mission is to provide independent and core system structure, and accounting system.
objective assurance and become a business • Events related to non-compliance with applicable
partner that adds value and improves the laws and regulations.
Company’s operational performance through a
systematic approach in evaluating and enhancing SKAI is prohibited or not authorized to:
the effectiveness of risk management processes, • Hold concurrent duties and positions outside
control, and corporate governance processes. SKAI and carry out operational tasks of the
· The objectives of SKAI are to be able to: Company and its affiliates.
- Identify and evaluate significant risks and • Initiate and approve accounting transactions
contribute to risk management and internal outside SKAI’s work area.
control systems; • Direct the activities of Company employees not
- Maintain effective internal control by employed by SKAI, except those assigned to the
evaluating the adequacy, efficiency, and audit team or seconded to SKAI.
effectiveness of these controls, which · SKAI’s Duties and Responsibilities, among others:
includes: a. Assist the President Director and Board of
1. Effectiveness and efficiency of operational Commissioners in supervising by operationally
activities. outlining the planning, implementation, and
2. Reliability and integrity of information. monitoring of audit results;
3. Compliance with applicable laws and
regulations.
4. Safeguarding of Company assets.
320 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Corporate
Governance
b. Carry out the internal audit function in · SKAI’s Code of Ethics that must be adhered to
Performance
accordance with applicable laws and and implemented by the head and all members Highlights
regulations and internal audit professional of SKAI. This code of ethics includes integrity,
standards as regulated in the GIAS and the objectivity, confidentiality, competence, and
Opening
internal auditor code of ethics as well as the professional proficiency.
applicable company organizational code of · Requirements to become a member of SKAI,
ethics; namely: Management
Report
c. Prepare a flexible annual audit plan, budget, - Possess integrity and professional,
and required resources using an appropriate independent, honest, and objective behavior
Corporate
risk-based audit methodology, including risks in carrying out duties; Profile
and controls identified by management, and - Possess knowledge and experience regarding
submit the audit plan to the President Director audit techniques, risk management, internal Management
and Board of Commissioners through the control systems, and other disciplines relevant Discussion
and Analysis
Audit Committee for evaluation and approval to the field of duty;
annually; - Possess knowledge of laws and regulations
Environmental
d. Implement the approved annual audit plan, in the financing sector, capital market, and and Social
Responsibility
including special assignments or projects other relevant laws and regulations;
requested by management and the Board of - Comply with professional standards as
Supporting
Commissioners through the Audit Committee; regulated in the GIAS and must comply with Data
e. Maintain an audit staff with adequate the internal audit code of ethics;
knowledge, expertise, experience, and - Must maintain the confidentiality of Company
professional certification to meet the information and/or data, unless required
requirements of this audit charter; by laws and regulations or court orders or
f. Review internal audit policies/procedures/ decisions;
manuals to ensure compliance with applicable - Possess an understanding of Good Corporate
regulations, including The Global Internal Governance principles and risk management;
Audit Standards (GIAS) and alignment with - Continuously improve knowledge, expertise,
Financial Services Authority (OJK) regulations; professional abilities, and the effectiveness
g. Report audit results and inform the status of and quality of their work;
corrective actions on audit recommendations - Have loyalty to the Company and must
to the President Director and Board not knowingly engage in deviant or illegal
of Commissioners, through the Audit activities.
Committee; · Regarding SKAI’s Relationship with External
h. Establish a follow-up process to monitor Parties :
and ensure that corrective actions have - The working relationship between SKAI
been taken by management effectively and and external auditors must be known and
efficiently or that senior management has approved in advance by the Audit Committee
accepted the risk that could not be mitigated; and the President Director, considering input
i. Investigate suspected significant fraudulent from competent internal parties;
activities within the company, including - SKAI must ensure the independence of
coordinating investigative actions with external parties in providing services to SKAI;
other work units and reporting results to - The relationship between SKAI and external
Management and the Board of Commissioners parties refers to applicable laws and
through the Audit Committee if the results regulations, including restrictions on the use
have broad and material impact; of services and the cooling-off period).
j. Implement and report the results of a quality · Internal Audit Implementation Standards,
assurance and improvement program whereby in carrying out its duties, SKAI will
covering all aspects of internal audit activities, comply with Financial Services Authority (OJK)
including evaluation of compliance with regulations, the Company’s code of ethics, and
applicable regulations. refer to the GIAS.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 321
Page 324
The main person responsible for the Company’s Internal Audit is the President Director, who in its implementation
is assisted by SKAI.
The appointment of the Head of SKAI was carried out in accordance with the provisions of OJK Regulation
No. 56/POJK.04/2015 concerning the Establishment and Preparation of the Internal Audit Unit Charter and
Guidelines for the Company’s Internal Audit Work Unit, namely appointed by the President Director on July 11,
2018, after being approved by the Company’s Board of Commissioners on July 11, 2018, and reported to the OJK
on July 12, 2018. The current Head of the Company’s Internal Audit Division is Haryadwi Saputra Kartawidjaja.
Profile of the Head of the Internal Audit Unit
Haryadwi Saputra Kartawidjaja
Head of Internal Audit Unit
Citizenship Indonesia
Place/Date of Birth Malang, November 5, 1979
Age 46 Tahun
Domicile Jakarta
Legal Basis for First appointed as Head of Internal Audit Unit on July 11, 2018 based on Board of Directors Decree No.
Appointment 013/ADMF/BOD/VII/18
Educational History Bachelor’s degree in Accounting & Finance from Wrights State University in 2002
Work Experience · PT Adira Dinamika Multi Finance Tbk as Head of the Internal Audit Unit
· Citibank NA as Vice President of the Internal Audit Division
· PT Bank ANZ Indonesia as Vice President of the Internal Audit Division
· PT Bank Danamon as Assistant Vice President of the Internal Audit Division
· HSBC as Assistant Manager of the Internal Audit Division
· KPMG as Senior Auditor
Education or Training to 1. Socialization of POJK 46/2024 concerning LP Development and Knowledge
Improve Competence 2. Training on the Roles & Responsibilities of Internal Audit for the Implementation of Personal Data
2025 Protection
3. Adira Leadership Program (ALP) – Internalization of CErDik for VP & SVP Enablers
4. BDI Audit Methodology Training: TOD, Risk Assessment & New Rating Audit
5. GRACS IPSS 2025.
Certification Basic Certification of Managerial Financing by the Indonesian Financing Professional Certification
Agency (SPPI)
In carrying out its functions, Adira Finance’s Internal Audit Division proactively carries out various audit activities,
including operational audits at branch offices, regional/area offices, head office, and other functions. These
activities aim to ensure that risk management implementation is in accordance with the company’s internal
policies and procedures and applicable external regulations. In addition to its assurance function, the Internal
Audit Division also serves as a strategic partner by providing constructive consulting services to strengthen the
internal control system and encourage improvements and value creation in the company’s overall operational
processes.
The scope of audit activities conducted by the Internal Audit Division includes, but is not limited to, evaluations
of dealer cooperation agreement validation, credit applications, credit approvals, collateral management,
collection processes, non-performing loan recovery and remarketing processes, as well as financing and
accounting processes, including documentation systems.
322 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Corporate
Governance
Organizational Structure of The SKAI
Performance
Highlights
Audit Committee President Director Opening
Management
Report
Head of Internal Audit Unit
Corporate
Profile
Head of
Head of Head of Head of Head of
Business &
QA & Dev Audit Regular Audit Investigation IT Audit Management
Support Audit Discussion
and Analysis
Head of Head of Head of
Head of
Team Head of MIS Team Head of Team Team Head of
Analytic Environmental
QA & Dev & Desk Audit Reguler Investigation Business & IT Team Audit and Social
Investigation Responsibility
Audit Audit Support Audit
Business & Supporting
QA & Dev MIS & Desk Reguler Investigation Investigation IT Audit
Support Audit Data
Audit Officer Audit Officer Audit Officer Officer Analyst Officer
Officer
Currently the Company’s Internal Audit Unit is supported by 90 auditors with the following composition:
Position Number of People
Division Head 1
Manager 8
Supervisor 15
Auditor 45
Business & Support 3
Information Technology 2
Quality Assurance & Development 7
Fraud Investigator 9
Total 90
The human resource development program at Adira Finance’s Internal Audit Unit (SKAI) is tailored to the
Company’s needs and implemented on an ongoing basis. SKAI human resource development is implemented
by requiring every auditor to regularly attend training, both internally and externally.
Internal Audit Planning and Implementation in 2025
A. Plan and Implementation
Based on the 2025 work plan, 201 audit activities are planned, covering the head office, branches, regions,
warehouses, and other functional areas.
The actual implementation of internal audits reached 183 audit assignments.
Position Plan Actualization
Head Office 8 9
Branch 154 154
Region/Area/Warehouse 19 20
Total Internal Audit Assignments 181 183
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 323
Page 326
Position Plan Actualization
HI Branch 20 20
Total Internal Audit Assignments 20 20
Each audit report is submitted to Company Management and the audited party, accompanied by a corrective
action plan, including sanctions/penalties, if necessary. The audited party must report the progress of these
actions to the Internal Audit Division monthly to ensure that each audited party is continually striving for
improvements or corrections. In addition to submitting audit results to the President Director, reports are also
submitted to the Company’s Audit Committee.
2026 Audit Plan
In 2026, the Internal Audit Unit has developed a work plan focusing on:
- updating internal audit methods and programs.
- developing internal audit human resources.
- auditing units with previously unsatisfactory or high-risk audit results
To realize this work plan, Internal Audit will continue to improve the quality of its human resources and the
infrastructure supporting Internal Audit’s duties.
Policy and Implementation of Meeting Frequency with the Board of Directors, Board of
Commissioners, and/or Audit Committee
Internal Audit regularly holds meetings with the Board of Directors, Board of Commissioners, and/or Audit
Committee. As stipulated in the Internal Audit Charter, Adira Finance’s Internal Audit has full and unimpeded
access to hold regular and ad hoc meetings with the Board of Directors, Board of Commissioners, Audit
Committee, and Sharia Supervisory Board.
During 2025, Internal Audit held a total of 5 (five) meetings. The agenda items discussed at these meetings
included:
No. Date Agenda
1 January 23, 2025 1. ADMF Financial Statements for Fiscal Year 2024
2. Taxation Report
3. Follow-up from the Last Audit Committee Meeting
4. Regular Internal Audit Developments and Key Issues Highlighted
5. Summary of Internal Quality Assurance Review
6. Status of Information Technology Audit Action Plan
7. Fraud
2 April 28, 2025 1. ADMF Financial Report for the First Quarter of 2025
2. Taxation Report
3. Regular Internal Audit Developments and Key Issues Highlighted
4. Status of the Information Technology Audit Follow-up Plan
5. Fraud
6. Recurring Audit Issues and WBS Case Analysis
3 July 23, 2025 1. ADMF Financial Report for the First Half of 2025
2. Merger Plan Report - Readiness for Reporting to Regulators
3. Taxation Report
4. 2025 Financial Report Audit Update
5. Follow-up from the Last Audit Committee Meeting
6. Regular Internal Audit Developments and Highlighted Important Issues
7. Information Technology Updates
8. Mandala Internal Audit Division Updates
9. Fraud
4 November 12, 2025 1. Development of Regular Internal Audits and Key Issues Highlighted
2. Results of the Joint BDI-ADMF Audit
3. Fraud
5 November 24, 2025 Internal Audit Plan and Resources 2025
324 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Corporate
Governance
COMPLIANCE FUNCTION
Performance
Highlights
The Company has established a Compliance Function that is independent and free from influence from other
work units to ensure that the Company’s business activities comply with applicable laws and regulations
Opening
through a series of preventive measures and actions.
Profile of the Compliance Director Management
Report
Corporate
Profile
Management
Discussion
and Analysis
Environmental
and Social
Responsibility
I Dewa Made Susila
Director of Compliance
Supporting
Data
The Director of Compliance serves concurrently with the President Director. The President Director’s profile
can be found in the discussion on Directors’ Profiles.
Compliance Function Structure
President Director
Head of Compliance
and AML
Head of Reporting & Head of Anti Money
Head of Compliance
Regulatory Laundry
Regulatory
Customer Protection Compliance Governance Relation Anti Money Laundry
Compliance
Officer Officer Officer Officer
Officer
Compliance Function Policy
The Compliance Function has an internal policy/provision regarding the Compliance Function, which will be
reviewed periodically in accordance with applicable regulations and the Company’s current conditions. This
internal policy/provision serves as a guideline for implementing the Company’s Compliance Function.
Main Duties of the Compliance Function
• Acting as a resource for applicable rules and regulations related to Financing Companies.
• Developing compliance measures and/or programs to support the creation of a compliance culture within
the Company.
• Identifying, measuring, monitoring, and controlling compliance risks in accordance with the Company’s
risk management policy, which refers to the provisions of the Financial Services Authority.
• Reviewing and/or evaluating the effectiveness, adequacy, and suitability of the Company’s policies,
provisions, systems, and procedures to ensure compliance with relevant regulations.
• Conducting reviews and/or recommending updates and improvements to the Company's policies,
provisions, systems, and procedures to ensure compliance with relevant regulations.
• To ensure that the Company's policies, provisions, systems, procedures, and business activities comply with
the provisions of relevant regulations.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 325
Page 328
• Submitting periodic reports related to the implementation of the Compliance Function to the Director in
charge of the Compliance Function, the Risk Monitoring Committee, the Financial Conglomerate Holding
Company, and the Integrated Governance Committee.
• Acting as a liaison officer between the Company and regulators and maintaining good relations with the
latter.
• Preparing reports required by the Compliance Function to regulators.
• Monitoring and ensuring the fulfillment of commitments to regulators in an accurate and timely manner.
Compliance Function Activities Throughout 2025
1. Identification of new regulations related to Financing Companies, of which there are 16 new regulations*)
during 2025;
2. Training and outreach related to Financial Services Authority provisions aimed at all Company employees to
build a culture of compliance at all levels of the organization and in all business activities.
Training and Socialization as December 31, 2025
E-learning Compliance 2025 Every year, the Compliance Function together with related work units prepares
a training program to improve understanding regarding applicable regulations
for all employees called Compliance Training, where 33,737 employees have
participated in Compliance Training during 2025.
Dissemination of new provisions/ The Compliance Function communicates new provisions or regulations to
regulations to work units relevant work units via email blasts and/or virtual socialization (if necessary). In
2025, 16 new regulations were socialized via email blasts.
The Compliance Function collaborated with relevant work units to ensure
compliance with these new regulations.
Refreshment of Financial Services In 2025, the Compliance Function refreshed Financial Services Authority (OJK)
Authority provisions regulations using internal communication channels, focusing on regulations
related to Consumer Protection (changes to product and/or service provisions
applicable to consumers, ethics in conveying product and/or service information,
and ethics in billing to consumers).
3. Compliance risk management is carried out In addition, compliance risk measurement is
through the process of identifying, measuring, carried out through the implementation of
monitoring, and controlling compliance risks the Compliance Regulatory Self-Assessment
in accordance with the implementation of risk (CRSA) program for Collection and Sales &
management. The Company’s compliance risk is Service Distribution in several branches.
well managed, as reflected in its compliance risk
profile in 2025, which is ranked 2 (inherent risk The Company conducts an annual self-
and quality of risk management implementation assessment of its implementation of
are ranked 2). Compliance risk management Consumer Protection & Requirement to
throughout 2025 is described as follows: measure the Company’s level of compliance
a. Identification process with Financial Services Authority regulations
Identifying new regulations related to related to Consumer Protection.
financing companies, so that the results can
be seen in point 1. c. Monitoring Process
Monitoring compliance indicators, namely
b. Measurement process the financing receivables ratio, gearing ratio,
Conducting measurements through a gap equity ratio, productive financing receivables
analysis of the new regulations as referred to ratio, gross non-performing financing
in point 1 with the Company’s implementation, receivables ratio, maximum financing limit,
including the preparation of follow-up and direct equity participation.
actions and completion targets (if any) as a
commitment to completion.
326 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Corporate
Governance
Compliance Indicators Until December 2025
Performance
Highlights
Parameters Requirements Compliance
Piutang Pembiayaan Min 40% Complied
Opening
Gearing Ratio Max 10x Complied
Equity Ratio Min 50% Complied
Management
Capitalization Min 10% Complied Report
Rasio piutang pembiayaan produktif Min 10% Complied
Productive Financing Receivables Ratio Corporate
Profile
Gross Non-Performing Financing Receivables/Net Max 5% Complied
Performing Finance (NPF)
Management
Maximum Limit Related Party Complied Complied Discussion
and Analysis
for Provision of
Financing
Non-Related Party (Individual) Complied Complied Environmental
and Social
Responsibility
Non-Related Party (Group) Complied Complied
Direct Capital Participation Total participation is a maximum of 20% of Complied
the company's core capital. Supporting
Data
Entities within a group are a maximum of Complied
10% of core capital.
In addition, monitoring of compliance with 7. Reports to regulators prepared by the Compliance
mandatory reporting requirements in accordance Function during 2025 include:
with Financial Services Authority regulations is • Reports on plans, changes to plans, and
carried out to minimize potential inherent risks implementation of annual business plans;
and to monitor commitments to resolve gap • Reports on plans, changes to plans, and
analyses (if any). implementation of financial literacy and
inclusion activities;
d. Internal control process • Reports on the appointment of Public
Implementing internal control through Accountants (AP) and Public Accounting
increasing awareness of the compliance Firms (AP/KAP);
culture as referred to in point 2 and • Reports on the realization of the use of AP/
implementing an advisory function regarding KAP;
the Company’s business development and/or • Self-assessment report on consumer
initiation, as well as other Company activities. protection implementation;
• Other incidental reports, such as financing
4. Reviewing and/or reviewing 19 internal policies, disbursement data based on debtor age and
provisions, and/or procedures in accordance with occupation classification, data/information
applicable regulations; requests for offsite monitoring, human
5. Reports on the implementation of the resource development blueprints, Financial
Compliance Function have been submitted to Inclusion Monthly (BIK), GENCARKAN reports,
• The Director in charge of the Compliance and digital financing services.
Function on a monthly and quarterly basis 8. In 2025, the Financial Services Authority
• The Risk Monitoring Committee on a quarterly (OJK) conducted an audit of the MUFG
basis Group Financial Conglomerate through the
• The Financial Conglomerate Holding Financial Conglomerate’s Holding Company
Company (Bank Danamon) on a monthly, (Bank Danamon). The Company committed to
quarterly, and semi-annual basis completing the recommended improvements
• The Integrated Governance Committee on a within the deadline. As a result of this audit, no
semi-annual basis administrative sanctions were imposed that
6. As a liaison officer, communication with would impact the Company’s business continuity.
regulators is conducted through two approaches
Note:
or methods: communication initiated by the
*) Based on email blasts conducted by the Compliance Function
regulator (e.g., invitations to presentations, throughout 2025
socializations, or hearings) and communication
initiated by the Company (e.g., via email, official
letters, or requests for hearings);
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 327
Page 330
Human Resource Development of the Compliance Function In 2025
As of December 2025, the Compliance Function is supported by 10 employees (including the Head of
Compliance) who have participated in 40 training and/or outreach sessions organized by the regulator to
enhance their knowledge and competency to support the implementation of their duties and responsibilities.
Number of Training and/or Socialization
Facilitator
Sessions
Financial Services Authority 33
Financial Transaction Reports and Analysis Center (PPATK) 6
Financial Action Task Force (FATF) 1
Implementation of the Anti-Money Laundering, 2. Transaction Screening and Monitoring
Counter-Terrorism Financing, and Counter- a. Screening must be applied before establishing
Proliferation Financing of Weapons of Mass a business relationship with prospective
Destruction Program customers, prospective third parties (vendors),
and prospective employees. This is to ensure
Organization that prospective customers, prospective third
In order to support the implementation of the Anti- parties, and prospective employees are not
Money Laundering, Counter-Terrorism Financing, included in the category of List of Persons
and Counter-Proliferation Financing of Weapons Involved in Criminal Cases (DOTMP), List of
of Mass Destruction (AML, CTF, and CPF) Program, Suspected Terrorists & Terrorist Organizations
the Board of Commissioners and Board of Directors (DTTOT)/Counter-Proliferation Financing of
continuously provide full commitment to ensure that Weapons of Mass Destruction List (DPPPSPM).
the Company always complies with the provisions of As additional information, throughout 2025,
the Financial Services Authority, INTRAC, and other the Company has added names related to
applicable laws and regulations related to AML, CTF, online gambling based on data published
and CPF. by the Financial Services Authority to the
watchlist database.
The implementation of the AML, CTF, and CPF b. Routine screening and transaction monitoring
Program within the Company is carried out by of existing customers to ensure:
the AML Unit, which reports to the Head of the • Customers categorized as Politically
Compliance Function and the President Director Exposed Persons (PEP);
overseeing the compliance function. The Company • There are no customers included in the
consistently strives to improve the quality of the watchlist (List of Suspected Terrorists and
implementation of the AML, CTF, and CPF Program, Terrorist Organizations (DTTOT), Counter-
through active supervision by Management, Proliferation Financing of Weapons of
refinement of policies, organization of training Mass Destruction List (DPPSPM), negative
programs, improvement of information systems, news, and information from regulators
and other initiatives. and/or Law Enforcement Officials);
• The suitability of transactions conducted
Implementation of The AML, CTF, AND CPF by customers with their profiles and
Program During 2025* characteristics.
1. Evaluation of Policies and Procedures c. Screening and transaction monitoring of
a. In order to comply with provisions related to prospective employees/employees and third
the implementation of AML, CTF, and CPF, the parties (vendors) who will cooperate with
Company has conducted an annual review the Company must be carried out during the
of the Guidelines for the Implementation of onboarding process and periodically post-
the AML, CTF, and CPF Program and other onboarding. This is to ensure that prospective
internal provisions. employees/employees and prospective
b. Conducted reviews and assessments of 5 vendors/vendors are not included in the
internal policies, provisions, and/or procedures DOTMP list.
in accordance with applicable regulations and
the implementation of the advisory function 3. Training and Socialization Program
related to the AML, CTF, and CPF program Organized online and offline training programs for
to ensure compliance with applicable new and existing employees, including AML, CTF,
regulations. and CPF training for frontliners (Sales, Collection,
328 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Corporate
Governance
CS, Teller, Service Head) and for Person in Charge INTERNAL CONTROL SYSTEM
Performance
(Head of Branch SSD, Cluster Collection Head, Highlights
Branch Business Manager). Additionally, the AML Adira Finance implements a comprehensive and
Unit participated in training and/or seminars held sustainable internal control system as part of its
Opening
by the Financial Services Authority and INTRAC efforts to maintain the Company’s management.
as described in the 2025 Compliance Function This system is designed to ensure that all business
Human Resources Development sub-chapter. activities are conducted in accordance with internal Management
Report
policies, applicable laws and regulations, and GCG
4. Reporting principles. By implementing an effective control
Corporate
The Company has submitted reports in system, Adira Finance can identify and manage Profile
accordance with regulations related to AML, CTF, risks appropriately, protect the Company’s assets,
and CPF as follows. and support the achievement of strategic objectives Management
a. Reports to the Financial Services Authority sustainably. Discussion
and Analysis
(OJK)
• Plan and realization report for customer Operational, Financial, and Compliance Control
Environmental
data updates System and Social
Responsibility
• 2025 Individual Risk Assessment (IRA) Furthermore, the Company’s internal control system
Report also aims to ensure the achievement of:
Supporting
• 2025 Risk Assessment Report for Money 1. Operational effectiveness and efficiency; Data
Laundering Crime (TPPU)/Terrorism 2. Reliable and trustworthy Company Financial
Financing Crime (TPPT) Reports; and
b. Reports to INTRAC (PPATK) 3. The Company’s business activities are consistently
• 241 Suspicious Financial Transaction in line with applicable laws and regulations.
Reports (LTKM)
• 13 Cash Financial Transaction Reports The Company’s internal control system encompasses,
(LTKT) among other things, financial and operational
• Quarterly reports on new customers controls, including compliance with applicable laws
through the Integrated Service User and regulations.
Information System (SIPESAT) application
• Submission of the 2025 National Risk Financial control consists of the organizational
Assessment (NRA) questionnaire structure, procedures, and recording systems
• Submission of the 2025 INTRAC Financial related to the management and safeguarding of
Integrity Rating with a Score of 9.79/10.00 Company assets, ensuring the reliability of financial
(Very Good) records and their consequences. The organizational
c. Submission of other reports related to the structure, procedures, and recording systems are
implementation of the AML, CTF, and CPF designed to provide sufficient assurance that:
program to Law Enforcement Officials, such · Transactions are executed in accordance with
as nil reports for DTTOT/DPPSPM & SIPENDAR. management authorizations established for their
duties and responsibilities;
5. Audit · Transactions are recorded to (1) enable the
In November 2025, a Special Audit was preparation of financial statements in accordance
conducted by INTRAC (PPATK) regarding the with accounting principles, in accordance with
Implementation of Compliance with the Anti- applicable accounting standards, or other
Money Laundering, Counter-Terrorism Financing, criteria necessary for such statements; and (2)
and Counter-Proliferation Financing of Weapons demonstrate accountability for the management
of Mass Destruction Program. There were several of Company assets;
aspects that were the main factors in the audit · The use of Company assets is permitted only
process, including those related to the obligation when authorized by Management;
to report LTKT & LTKM, Implementation of · Responsibilities for recording Company assets
internal control, Implementation of policies and are compared with existing assets at regular
procedures, and the Management Information intervals, and appropriate action is taken if any
System. Therefore, the Company is committed differences arise.
to completing the recommended improvements
within the deadline.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 329
Page 332
Operational control includes the organizational · Creating an organizational structure that enables
structure, procedures, and records related to the effective control;
decision-making process related to the authorization · Encouraging the active role of Committees under
of transactions by Management. This approval/ the Board of Commissioners to supervise and
authorization is a management function that is provide input to ensure the effective operation of
directly related to the responsibility for achieving internal control;
the Company’s objectives and is the starting point · Establishing clear duties and responsibilities
for establishing financial controls over transactions. across organizational units;
· Establishing human resource development
Responsibilities of the Board of Commissioners policies to ensure the Company’s human
and Board of Directors resources possess high integrity.
The Board of Commissioners and the Board of
Directors are committed to ensuring that Good Risk Measurement
Corporate Governance practices are implemented Risk assessment is the identification and assessment
effectively as a basis for achieving the Company’s of risks faced in achieving objectives. Companies
objectives of maintaining and enhancing its value. are increasingly required to recognize and manage
One implementation of Good Corporate Governance the risks of their activities to an acceptable level.
is ensuring that the internal control system is The Company views risk management as crucial,
adequately implemented. therefore, it has long established a Risk Management
Directorate. The Risk Management Directorate is
The Board of Directors is responsible for supported in carrying out its activities by the Risk
implementing a sound internal control system to Management Committee, which reports to the
achieve the Company’s objectives. The Company’s Company’s Board of Directors.
internal control system is implemented by the Board
of Directors, senior officials, Internal Audit, and all The primary duties of the Company’s Risk
Company employees. The Board of Commissioners Management Directorate include conducting
is responsible for overseeing the implementation of analyses to identify the risks currently and
internal control in all Company business activities likely to be faced by the Company, formulating
at all levels of the organization. The Board of recommendations on the level of risk that
Commissioners’ oversight activities are supported Management can take and the tolerance level for
by the Audit Committee and the Risk Management each risk, and formulating risk management policies
Committee, which report directly to the Board of to maintain the Company’s risk level.
Commissioners.
Furthermore, risk management also receives
Broadly speaking, the Company’s internal controls attention from the Board of Commissioners, which,
include the control environment, risk measurement, through the Risk Management Committee under
control activities, information and communication the Board of Commissioners, continuously monitors
technology, and monitoring. and supervises the risk management carried out by
the Company’s Board of Directors.
Control Environment
The control environment is a crucial component The Company has identified the risks faced by the
because it shapes the culture and behavior of Company, which consist of:
individuals, fostering awareness of the importance 1. Microeconomic Risks, including credit risk,
of control. To create a control environment that operational risk, market risk, liquidity risk,
supports the effectiveness of internal control, legal risk, compliance risk, reputation risk, and
the Company has implemented various policies, strategic risk.
including: 2. Macroeconomic Risks, including economic risk,
· Ensuring that all members of the Company’s social and security risk, monetary policy risk,
management possess high integrity and ethical exchange rate risk, the impact of the global crisis,
values; the risk of the availability and demand for motor
· Establishing a Company philosophy that vehicles, and competition risk.
is socialized and implemented across all
components within the Company;
330 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 333
Corporate
Governance
Risk assessments are conducted quarterly to internet, and connectivity into and out of the Adira
Performance
measure the level of current and anticipated risks the Finance network; the standardization of user IDs and Highlights
Company faces. The results of these assessments, software; the use of USB ports and shared folders;
along with recommendations for improvement or and many other written policies. These guidelines
Opening
mitigation, are submitted to the Board of Directors. are designed to ensure that IT-based company
These analyses are also submitted to the Risk management is effective, efficient, reliable, and
Management Committee under the Company’s maintains a high level of security. Management
Report
Board of Commissioners.
The achievements of the Information Technology
Corporate
A more detailed explanation of risk management Directorate include evaluating and revising Profile
performance through 2025 can be found in the Risk Adira Finance’s information and communication
Management Section. technology guidelines, including information Management
technology governance, the role and function of Discussion
and Analysis
Control Activities Adira Finance’s information and communication
Control activities are all policies and procedures technology, risk management, service management,
Environmental
to ensure that the necessary actions to address security management, supervision and evaluation and Social
Responsibility
risks are actually implemented in order to achieve of the use of information and communication
organizational goals. The effectiveness of control technology systems to ensure the effectiveness
Supporting
activities will depend on the accuracy of the of internal control and maintain compliance with Data
company’s risk identification and measurement. applicable laws and regulations.
Some of the policies adopted by the Company in
control activities include: Monitoring
· Assigning tasks, responsibilities, and authorities The entire process must be monitored and necessary
according to the functions of each organizational modifications made. Therefore, the internal control
unit; system is dynamic, changing according to changing
· Preparing for proper data recording and conditions.
document storage;
· Preparing for proper security of Company data Monitoring is a continuous effort to ensure that
and documents; every action of the company is synergistically
· Conducting assessments or audits of Company directed towards achieving its objectives. This is
performance by independent parties, such as accomplished by reassessing the strength of the
public accounting firms. control environment, risk assessment efforts, and
the selection of control activities. A crucial element of
Information and Communication Technology monitoring is reporting deviations and deficiencies.
The Company recognizes that the control
components (control environment, risk assessment, Monitoring and evaluation are carried out through,
control activities, monitoring) will be easily realized among other things:
if there is a good and reliable information and · Supervision at every level of management within
communication system within the organization. the company;
An information and communication system is · An accountability and assessment system that
considered effective and reliable if every member of allows for the assessment of each member of
the organization receives clear instructions on what management and units within the company’s
to do to achieve the overall goals of each individual, organization;
department, and the company. · Implementation of supervision through internal
audits conducted by the Internal Audit Unit;
The Company has policies in place to guide its · Implementation of supervision through audits by
information and communication technology (ICT) independent parties such as public accounting
operations. These policies include the Adira Finance firms;
Network Access Regulations, as stipulated in Internal · Implementation of supervision by the Board of
Memo No. MI-004/IT/ITCTRCOM/VII/2021 dated Directors;
July 28, 2021. These policies, among other things, · Oversight by the Audit Committee, particularly
regulate the authentication of internal and external regarding the company’s financial records;
user access; the configuration of desktops, email,
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 331
Page 334
· Oversight by the Risk Management Committee, PUBLIC ACCOUNTANT
particularly regarding the Company’s operational
activities and compliance with applicable laws To ensure that the Company’s financial statements
and regulations; are presented properly and correctly, and in
· Oversight by the Board of Commissioners of all accordance with the Articles of Association and
Company management activities carried out by applicable laws and regulations, including Financial
the Board of Directors. Services Authority Regulation No. 14/POJK.04/2022
concerning the Submission of Periodic Financial
Review of The Effectiveness and Management Statements of Issuers or Public Companies, Adira
Statements Regarding the Internal Control Finance has appointed an independent and
System competent External Independent Auditor (Public
Evaluations of the effectiveness of the Company›s Accountant). The appointment of the Public
internal control system are conducted periodically Accountant was carried out through a transparent
and at any time, if necessary, with the involvement of process and in accordance with applicable
the Company›s Internal Audit and the Independent regulations, to provide sufficient assurance
External Auditor. regarding the fairness of the presentation of the
Company’s financial statements and to support
While the Company recognizes that no internal increased stakeholder trust.
control system can eliminate all business risks,
it strives to manage and control these risks to a Appointment Mechanism
minimum. Based on the evaluation results during The appointment of the Company’s External
2025, the Company considers that the internal control Auditor for the 2025 financial year was carried
system implemented by the Company is adequate out in accordance with the provisions of OJK
to ensure the achievement of its objectives. Regulation No. 09/2023 concerning the Use of Public
Accountant Services and Public Accounting Firms
In the view of the Board of Directors, the Company in Financial Services Activities and OJK Circular
has a sound internal control system that provides Letter No. In accordance with OJK Regulation No. 18/
tools to anticipate and manage risks, taking into SEOJK.03/2023 concerning Procedures for the Use of
account changes in the risk profile resulting from Public Accountant Services and Public Accounting
changes in business strategy, external factors, and Firms in Financial Services Activities, the mechanism
regulatory requirements. is as follows:
1. The Company’s Audit Committee, based on input
This is evident from the Internal Audit Division›s from the Company and taking into account the
assessment and recommendations, which indicate provisions of applicable laws and regulations
improved progress, with the exception of the Internal regarding the use of public accountant services
Audit Division›s audit of the Company›s newly and public accounting firms in financial services
established business network, which is currently and capital market activities, recommends
undergoing improvements and refinement of to the Company’s Board of Commissioners to
procedures. The same is true for the audit results propose to the GMS the appointment of Public
from the Company›s External Auditor. Accounting Firm Liana Ramon Xenia & Rekan
(“LRX”) as the Company’s External Auditor and
Elisabeth Imelda as the Public Accountant to
audit and provide an opinion on the Company’s
financial statements for the financial year ending
December 31, 2025. LRX is a member (as such term
is used in Minister of Finance Regulation Number
186/PMK.01/2021 and Financial Services Authority
Regulation Number 9 of 2023 (“Relevant Laws”))
of Deloitte Southeast Asia Limited (“DSEAL”).
DSEAL is a registered Foreign Audit Organization
(“OAA”) for LRX in accordance with the Relevant
Laws. LRX is a separate and legally independent
entity that is fully responsible for its own acts and
omissions and is not authorized to bind or create
any obligations for DSEAL to third parties.
332 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 335
Corporate
Governance
2. Based on the recommendations received from 2025 marks the fifth year for the Public Accounting
Performance
the Audit Committee, the Company’s Board of Firm of Liana Ramon Xenia & Rekan as the Company’s Highlights
Commissioners at the GMS held on March 25, Independent External Auditor.
2025, proposed the appointment of the Public
Opening
Accounting Firm of Liana Ramon Xenia & Rekan The Public Accountant representing the audit of
and Elisabeth Imelda as Public Accountants to the 2025 financial statements mentioned above is
be appointed as the Company’s Independent Elisabeth Imelda. Management
Report
External Auditors.
3. The Annual General Meeting of Shareholders, Audit Service Fees
Corporate
which has the right to appoint an Independent Biaya jasa audit profesional untuk mengaudit Profile
External Auditor, at the Annual General Meeting Laporan Keuangan Perusahaan untuk tahun buku
of Shareholders held on March 25, 2025, decided 2025 adalah sebesar Rp2,55 The professional audit Management
to appoint the Public Accounting Firm of Liana service fee for auditing the Company’s Financial Discussion
and Analysis
Ramon Xenia & Rekan and Elisabeth Imelda Statements for the 2025 fiscal year was IDR2.75
as Public Accountants to audit the Company’s billion.
Environmental
financial statements for the 2025 financial year. and Social
Responsibility
The appointed Independent External Auditor Other Services by the External Auditor
must not be under the control of the Board of During 2025, the Public Accounting Firm of Liana
Supporting
Commissioners, Board of Directors, or other Ramon Xenia & Rekan provided other services Data
interested parties in any form. related to the ongoing public offering of the 2025
4. The appointment of the Public Accounting Shelf-Registered Bonds VII and Sukuk Mudharabah
Firm by the General Meeting of Shareholders VI, as well as audit and assurance services related
was reported to the Financial Services Authority to the Business Merger, and attestation services for
(OJK) on August 7, 2025, in accordance with the Prudential Principles Implementation Activity
OJK Regulation No. 09/2023 concerning the Report, with a total fee of IDR1.62 billion.
Use of Public Accountant Services and Public
Accounting Firms in Financial Services Activities Independence Statement
In carrying out its duties, the External Independent
Duties and Period of Assignment of the External Auditor declares that there is no conflict of interest
Independent Auditor in the audit.
The duties of the External Independent Auditor are
to audit and provide an opinion on the Company’s Communication Between the External Auditor
financial statements as of and for the year ending and the Audit Committee
December 31, 2025. The appointed External In carrying out its duties, the External Independent
Independent Auditor is responsible for expressing Auditor communicates with the Company’s Audit
an opinion on the compliance of the audited Committee, and the results of this communication
financial statements with generally accepted are then reported to the Board of Commissioners by
accounting principles in Indonesia and providing the Audit Committee. In 2025, the Audit Committee
recommendations for improvements to weak and the External Auditor held three meetings:
internal controls within the Company. February 10, 2025, July 23, 2025, September 24, 2025,
and October 30, 2025.
Data on Public Accountants who audited the Company’s books:
Financial Accountant
Public Accounting Firm Type of Service Audit Fee
Yeal Name
2025 Liana Ramon Xenia & Rekan (firma anggota Deloitte Elisabeth Financial IDR4,375,000,000*)
Southeast Asia Limited) (d/h Imelda & Rekan) Imelda Statement
Audit and other
services
2024 Liana Ramon Xenia & Rekan (firma anggota Deloitte Elisabeth Financial IDR1,600,000,000
Southeast Asia Limited) (d/h Imelda & Rekan) Imelda Statement Audit
2023 Imelda & Rekan (member firm of Deloitte Asia Pasifik Elisabeth Financial IDR1,600,000,000
and Deloitte Global) Imelda Statement Audit
2022 Imelda & Rekan (member firm of Deloitte Asia Pasifik Elisabeth Financial IDR800,000,000
and Deloitte Global) Imelda Statement Audit
2021 Imelda & Rekan (member firm of Deloitte Asia Pasifik Bayu M. Dayat Financial IDR800,000,000
and Deloitte Global) Statement Audit
*) Details of public accounting firm/public accountant services fees for 2025 can be found in the Public Accountant and Public Accounting Firm Services
of this Annual Report.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 333
Page 336
Public Accounting Firm Opinion on the In the opinion of the Public Accounting Firm, the
Company's Financial Statements Company's Financial Statements present fairly,
The Company's Financial Statements have been without modification, in all material respects, the
prepared in accordance with Indonesian Financial Company's financial position as of December 31,
Accounting Standards and have been audited by the 2025, and its financial performance and cash flows for
Public Accounting Firm (KAP) Liana Ramon Xenia the year then ended, in accordance with Indonesian
& Rekan ("LRX"), in accordance with the Auditing Financial Accounting Standards
Standards established by the Indonesian Institute of
Certified Public Accountants. LRX is a member (as External Auditor Evaluation
such term is used in Minister of Finance Regulation To ensure that the External Auditor has performed
Number 186/PMK.01/2021 and Financial Services its duties in accordance with applicable regulations,
Authority Regulation Number 9 of 2023 ("Relevant the Company's Audit Committee conducted an
Laws")) of Deloitte Southeast Asia Limited ("DSEAL"). evaluation of the performance of the duties of the
DSEAL is a registered Foreign Audit Organization External Auditor appointed by the GMS on March 25,
("OAA") for LRX in accordance with the Relevant 2025, and reported the results of its evaluation to the
Laws. LRX is a separate and legally independent Financial Services Authority (OJK) on June 30, 2025.
entity that is fully responsible for its own acts and This is in accordance with Article 14 and Article 28
omissions and has no authority to bind or create any Paragraph 1 letter b of OJK Regulation No. 09/2023
obligations for DSEAL to third parties. concerning the Use of Public Accountant Services
and Public Accounting Firms in Financial Services
Activities.
Page 337
Corporate
Governance
Performance
Highlights
Opening
Management
Report
Corporate
Profile
Management
Discussion
and Analysis
Environmental
and Social
Responsibility
Supporting
Data
RISK MANAGEMENT
Adira Finance consistently Risk management is a crucial aspect for the
Company in ensuring long-term business continuity.
strives to establish and develop
The primary objective of implementing risk
a strong risk culture through the management practices is to safeguard and protect
implementation of good corporate the Company by managing potential losses that may
arise from various business activities and ensuring
governance practices, instilling that risk levels remain within established limits and
values of regulatory compliance, risk tolerances.
providing adequate infrastructure, Adira Finance consistently builds and develops a
and implementing structured strong risk culture through the implementation of
good corporate governance practices, enforcing
and sound work processes. These
values of
regulatory compliance, providing adequate
efforts are undertaken to ensure infrastructure, and implementing structured and
that all of the Company's business sound work processes. These steps serve as an
important foundation for supporting effective,
activities are managed prudently, prudent, and sustainable decision-making at all
measurably, and sustainably. levels of the organization.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 335
Page 338
The Company has adopted the "Implementation of Senior management plays a critical role in
Consolidated Risk Management for Banks Exercising ensuring that the business/operational function
Control over Subsidiaries," which the Company effectively serves as the “First Line of Defense”
implements in its capacity as a subsidiary of PT within the Risk Management and Control
Bank Danamon Indonesia Tbk (Bank Danamon), the Framework.
Company's controlling shareholder. This refers to
Bank Indonesia Regulation No. 8/6/PBI/2006 dated B. Second Line of Defense
January 30, 2006, as amended by Financial Services In implementing corporate risk management,
Authority Regulation No. 38/POJK.03/2017. the Risk Management Directorate serves as a key
unit providing the second line of defense.
Since 2016, the Company has had Risk Management
Implementation Guidelines in accordance The Risk Analytics & MIS Division conducts
with OJK Circular Letter No. 10/SEOJK.05/2015 independent monitoring and reviews risk limits
concerning Guidelines for the Implementation of for various business activities. In determining
Risk Management for Non-Bank Financial Services risk limits, it collaborates with the business/
Institutions, which has been adjusted to the operational function to ensure that risks are
latest regulation, POJK No. 42 of 2024 concerning accurately identified, measured, and managed
the Implementation of Risk Management for according to agreed parameters and reported to
Financing Institutions, Venture Capital Companies, relevant parties.
Microfinance Institutions, and Other Financial
Services Institutions. The Company also has an Operational Risk
Management Division and an Information Risk
The success of the Company's risk management Management Division tasked with overseeing the
depends on the effectiveness of the risk management implementation of operational risk management,
framework that provides the Company's foundation. as well as a Quality Assurance Division tasked
The Company's risk management framework with ensuring that risk management guidelines/
consists of: policies are properly implemented by business/
1. The Three Lines of Defense Approach operational functions.
2. The four pillars of the Company's risk management
implementation, including: The Compliance Division is responsible for
a) Active oversight by the Board of Directors, managing compliance risk and ensuring that
Board of Commissioners, and Sharia all regulations issued by the Financial Services
Supervisory Board (SSB). Authority (OJK) and other authorized authorities
b) Adequate risk management policies and are disseminated and followed by all business/
procedures and the establishment of risk operational functions and/or other related
management limits. divisions across all activities and levels of the
c) Adequate risk identification, measurement, organization.
monitoring, and control processes, as well as
the risk management information system. C. Third Line of Defense
d) A comprehensive internal control system. Internal Audit serves as the third line of defense
3. Risk awareness and risk culture within the risk management and control
4. Reporting framework by independently testing and
auditing the accuracy of business/operational
1. THREE LINES OF DEFENSE APPROACH and supporting function processes to ensure
that they have performed their functions and
A. First Line of Defense responsibilities and adhered to risk management
The business/operational function acts as the first guidelines and procedures.
line of defense and is responsible for identifying,
evaluating, controlling, and mitigating risks
within the business. The business/operational
function has primary responsibility for managing
risk exposures arising from each business
opportunity, consistent with the target market
and approved for the business.
336 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 339
Corporate
Governance
2. IMPLEMENTATION OF RISK MANAGEMENT ensuring the effective implementation of
Performance
risk management in accordance with the Highlights
A. Active Supervision by the Board of Directors, characteristics, complexity, and risk profile
Board of Commissioners, and Sharia Supervisory of the Company.
Opening
Board (DPS) b) The Board of Directors and Board of
The implementation of risk management Commissioners must ensure that each
involves active supervision by the Company's work unit/function within the Company Management
Report
Board of Directors and Board of Commissioners. implements risk management.
Therefore, the Board of Directors and Board c) The Board of Directors must ensure
Corporate
of Commissioners must understand the risks, clarity of risk management authority Profile
provide direction, supervise and mitigate risks, and responsibility, adequate systems for
develop a risk management culture, ensure an measuring risk, adequate limit structures Management
adequate organizational structure, establish for risk-taking, effective internal control, Discussion
and Analysis
the duties and responsibilities of each work and a comprehensive, periodic, and timely
unit, and ensure sufficient quantity and quality reporting system.
Environmental
to support the effective implementation of risk and Social
Responsibility
management. The Board of Directors has the authority and
responsibility regarding:
Supporting
In practice, committees are formed at the a) Formulating written and comprehensive Data
Board of Commissioners level, such as the risk management policies and strategies,
Audit Committee, Risk Monitoring Committee, including:
Nomination and Remuneration Committee, and · Formulating and updating procedures
Corporate Governance Committee. Meanwhile, at and tools to identify, measure, control, and
the Board of Directors level, the Risk Management monitor risks.
Committee is formed. • Formulating overall risk limits and limits per
risk type, considering the risk appetite and
Additionally, at the Board of Directors level, risk tolerance according to the Company's
committees are also formed to specifically condition and taking into account the
monitor operational risks, namely the Operational impact of risk on capital adequacy. The
Risk Management Committee, the Fraud Board of Directors establishes the Risk
Committee, and the Information Technology Management Implementation Guidelines,
Oversight Committee (KPTI), which oversees which subsequently require approval from
the development of the Company's IT systems, the Board of Commissioners.
as well as a committee specifically monitoring • Ensuring that all policies, provisions,
market and liquidity risk, namely the Assets and systems, procedures, and business
Liabilities Committee. activities carried out by the Company
comply with applicable laws and
In carrying out business activities based on regulations.
Sharia principles, a Sharia Supervisory Board • Evaluating and updating risk management
(DPS) must be placed in the Company's Sharia strategies, policies, and procedures or
Business Unit (UUS) and appointed at the General the Risk Management Implementation
Meeting of Shareholders (GMS) after receiving Guidelines at least once (1) a year or more
a recommendation from the National Sharia frequently in the event of significant
Board – Indonesian Ulema Council, and has been changes.
reported to the Financial Services Authority (OJK) b) Being responsible for the implementation of
in accordance with applicable regulations. risk management policies and the overall risk
exposure taken by the Company, including:
i. Authority and Responsibility of the Board · Evaluating and providing direction
of Directors, Board of Commissioners, and based on reports submitted by the risk
Sharia Supervisory Board (DPS) management function, including risk
The authority and responsibility of the Board profile reports.
of Directors, Board of Commissioners, and • Taking necessary actions in accordance
Sharia Supervisory Board (DPS) are as follows: with the Company's risk profile.
a) The Board of Directors, Board of
Commissioners, and Sharia Supervisory
Board, according to their respective
scopes of authority, are responsible for
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 337
Page 340
• Ensuring that all material risks and the c) Evaluating the accountability of the Board of
impacts arising from said risks have been Directors and providing guidance for periodic
followed up and submitting accountability improvements to the implementation of
reports on such follow-ups to the Board of the Risk Management Implementation
Commissioners periodically. Guidelines.
• Ensuring the implementation of corrective d) Evaluating and deciding on requests from
measures for problems or deviations in the the Board of Directors relating to transactions
Company's business activities found by and risk limits that require the approval of the
the internal control function or Internal Board of Commissioners.
Audit.
• Submitting periodic accountability e) Establishing a Risk Monitoring Committee
reports on the implementation of risk to monitor the implementation of risk
management policies and risk exposure management within the Company.
taken by the Company to interested parties
(including the Board of Commissioners The Sharia Supervisory Board (SSB) has the
and the Sharia Supervisory Board (DPS)). authority and responsibility to:
a) Evaluating risk management policies and
c) Evaluating and deciding on transactions strategies related to compliance with Sharia
and risk limits requiring Board of principles periodically, or more frequently in
Directors' approval, including formulating the event of significant changes.
and establishing transaction approval b) Evaluating the accountability of the Board
mechanisms, including those exceeding of Directors for the implementation of risk
authority limits for each position level. management policies related to compliance
d) Developing a risk management culture at with Sharia principles on a regular basis.
all organizational levels, among others, by Evaluations are conducted to ensure that
building risk awareness. risk management policies and processes
e) Establishing the organizational structure for are implemented in accordance with Sharia
risk management implementation. principles.
f) Ensuring the improvement of human resource c) Act as an advisor and provide
competency related to risk management. recommendations to the Board of Directors
g) Ensuring that the risk management work unit and Sharia business management on matters
operates independently. related to Sharia principles.
h) Conducting periodic reviews to ensure: d) Coordinate with the National Sharia Council
· Accuracy of risk assessment to discuss the Company's proposals and
methodologies. recommendations for products and services
• Adequacy of the risk management that require review and decision by the
information system implementation. National Sharia Council.
• Appropriateness of risk management
policies and procedures and the ii. Human Resources (HR)
determination of risk limits. In order to carry out its responsibility for
implementing HR-related risk management
The Board of Commissioners has the authority within the Company, the Board of Directors
and responsibility for implementing risk must:
management, including: a) Determine HR qualifications for each
a) Approving the Risk Management position related to the implementation of
Implementation Guidelines prepared by the risk management.
President Director and the Director in charge b) Ensure the adequacy of the quantity
of Risk Management, taking into account the and quality of HR within the Company
Company's risk appetite and risk tolerance. and ensure that such HR understands
b) Evaluating the Risk Management their duties and responsibilities for
Implementation Guidelines at least annually implementing risk management.
or at any time in the event of significant c) Develop HR-related activities to ensure the
changes. availability of competent employees in the
field of risk management.
d) Ensure the effectiveness of the
management and improvement
of HR competencies related to the
implementation of risk management.
338 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 341
Corporate
Governance
e) Assign competent officials and staff to • Evaluation of the Board of Directors'
Performance
work units according to their nature, accountability for the implementation Highlights
number, and complexity. of risk management policies at least
f) Ensure that officials and staff assigned to quarterly.
Opening
each work unit have: an understanding • Monitoring and evaluating the
of inherent risks, an understanding of implementation of the Risk
relevant risk factors, market conditions Management Committee and the Risk Management
Report
affecting the Company and their impact, Management Work Unit in providing
and the ability to communicate risk recommendations to the Board of
Corporate
implications in a timely manner. Commissioners. Profile
g) Ensure that all HR understand the strategy, • Risk management policies/documents/
level of risk taken, risk tolerance, and risk reports that require the approval Management
management framework and implement of the Board of Commissioners, Discussion
and Analysis
them consistently. as recommended by the Board of
Directors.
Environmental
The Company has a Director who is and Social
Responsibility
responsible for fulfilling the Company's A more detailed explanation of the roles
HR needs in accordance with risk appetite and responsibilities of the Risk Monitoring
Supporting
and risk tolerance, namely the Director Committee refers to the Risk Monitoring Data
who oversees the Human Resources and Committee Guidelines and Work
Marketing functions. Procedures.
iii. Risk Management Organization b) Risk Management Committee
To implement comprehensive and effective risk A risk committee at the Board of Directors
management, the Company has established level. The Company has established a Risk
a risk management organizational structure Management Committee whose role is to
that includes work units in accordance with provide recommendations to the Board
the Company's policies, size, and complexity of Directors on the implementation of risk
of its activities. management, including the preparation,
revision, and refinement of the Risk
At the Board of Commissioners level, the Management Implementation Guidelines.
Company has established a Risk Monitoring
Committee, while at the Board of Directors The Risk Management Committee consists
level, the Company has established a Risk of the Board of Directors and relevant
Management Committee. The Company also Senior Management. The Chairperson
has a Risk Management Work Unit that assists is the Director or Senior Management
the Board of Directors in implementing risk responsible for risk management.
management within the Company.
The primary role of the Risk Management
a) Risk Monitoring Committee Committee is to evaluate and provide
This committee, at the Board of recommendations to the President
Commissioners level, consists of at least Director regarding risk monitoring related
one Independent Commissioner, an to:
independent party with expertise in • Preparation of risk management
finance, and an independent party with strategies, policies, and frameworks,
expertise in risk management. risk appetite, risk tolerance, and
contingency plans to anticipate
The primary role of the Risk Monitoring abnormal conditions.
Committee is to monitor and provide • Improvements or adjustments to risk
recommendations to the Board of management implementation based
Commissioners regarding: on the results of the risk management
• Evaluation of the Risk Management implementation evaluation.
Implementation Guidelines and the • Periodically reviewing various risks
implementation of these policies. faced by the Company and other
significant risk issues.
• Implementation of risk management
and improvement processes in line
with external and internal changes that
may affect capital adequacy and risk
profiles.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 339
Page 342
• The Company's risk organizational c) Risk Management Function
structure ensures that risk The Company has a Risk Management
management processes are aligned Work Unit, namely the Risk Management
with organizational developments. Directorate, which has the role and
• Alignment of activity implementation responsibility for risk management within
with applicable rules and regulations. the Company.
• Determining the formation of reserves
to accommodate potential inherent The organizational structure of the
risks and ensure the availability of Risk Management Directorate includes
disaster recovery procedures. work units that are independent of the
• Steps for handling a risk event and Company's business/operational functions,
comprehensive decisions related to the as follows:
risk issue/event. • Operational Risk Management Division
• Establishment of policies and/or (which includes the Control and
business decisions that deviate from Implementation of Anti-Fraud Strategy
normal procedures. functions)
• Risk Analytics & MIS Division (which
includes the Market & Liquidity
Risk function), which is a work unit
independent of the Company's
business and operational functions.
• Information Risk Management Division
• Quality Assurance Division
The organizational structure of the Risk Management Directorate is illustrated in the following diagram:
President Director-
Chief Executive Officer
Director-Chief Risk Officer
Head of Risk Management
Credit Policy
Operational Risk Information Risk
Development & Business Risk Analytics & MIS Quality Assurance
Management Management
Incubation
The Risk Management Directorate is a unit led by the Director in charge of the Risk Management
function, who reports directly to the President Director regarding the implementation of risk
management within the Company.
The Director in charge of the Risk Management function has operational responsibility for overseeing
and managing all risks, including the responsibility for providing recommendations on all risk-related
policies. The Director in charge of the Risk Management function is structurally responsible to the
President Director and functionally to the Risk Monitoring Committee. The Director in charge of the
Risk Management function is also the Chair of the Risk Management Committee.
340 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 343
Corporate
Governance
The Risk Management Directorate has the • Ensure a strong risk awareness and
Performance
authority and responsibility to: culture within the risk-taking unit. Highlights
• Establish the risk architecture and • Ensure experienced and competent
develop an overall risk management individuals are in key risk-related
Opening
strategy, including the Risk positions across all functional areas.
Management Implementation • Ensure Disaster Recovery Plans and
Guidelines, core policies, procedures, Business Continuity Plans are in place. Management
Report
and controls, and contingency plans • Ensure fraud risk management is in
in the event of abnormal external place in all critical work areas.
Corporate
conditions. • Ensure strict controls over information Profile
• Identify risks, including those inherent and documentation security are in
in business activities. place. Management
• Develop risk measurement methods • Coordinate stress testing to determine Discussion
and Analysis
appropriate to the size and complexity the impact of significant changes in
of the Company's business. macroeconomic conditions on the
Environmental
• Monitor the implementation of the risk Company's portfolio. and Social
Responsibility
management strategy developed by • Evaluate the accuracy of internal
the Board of Directors. models and validate the data used to
Supporting
• Periodically review risk management measure risk. Data
strategies, policies, and processes and • Provide information to the Risk
recommend changes (if necessary) to Management Committee on matters
the Risk Management Committee. requiring follow-up regarding the
• Disseminate risk policies and strategies evaluation of risk management
to all relevant units. implementation.
• Recommend portfolio limits and • Review proposed new strategic
ensure compliance with these limits. business lines that significantly impact
• Assess and monitor overall risk risk exposure.
exposure for each risk type and
functional activity, conducting tests d) Other Work Units
using abnormal scenarios/assumptions In carrying out its duties, the Risk
and historical data. Management Directorate manages eight
• Ensure that risk is measured accurately risks within the Company and collaborates
and data is reported appropriately. with other work units/divisions related to
• Evaluate the accuracy of models and each risk.
validate the data used to measure risk,
if the Company uses models for internal The work units/divisions that collaborate
purposes. on each risk will be discussed in the
• Provide recommendations to business/ respective risk section.
operational functions and/or the
Risk Management Committee, as B. Adequacy of Risk Management Policies and
authorized. Procedures, and Establishment of Risk Limits
• Evaluate potential losses under The implementation of risk management is
different scenarios and relate them to supported by a framework that includes clearly
the Company's capital capacity to bear defined strategies, policies, procedures, and
the risk. limits aligned with the vision, mission, and
• Prepare risk profile reports periodically business strategy.
for the Board of Directors, the Board
of Commissioners, and the Financial The implementation of risk management also
Services Authority (OJK). includes a feedback process based on accurate
• Review risks in business plans and quality information, ensuring adaptation to
(including proposed activities and/or changing conditions faced by the Company.
new product development).
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 341
Page 344
The development and implementation of The Risk Management Implementation
strategies, policies, procedures, and limits are Guidelines are established to ensure that the
carried out by considering, among other things, Company maintains risk exposure consistent
the type and complexity of business activities, risk with internal policies and procedures, as well
profile, level of risk to be taken, capital adequacy, as external regulations, laws, regulations, and
quality of human resources and adequate other relevant provisions. They are managed
infrastructure, and regulations established by by officials with knowledge, skills, and
relevant authorities and/or other parties expertise in risk management, commensurate
with the level of business complexity.
i. Risk Management Strategy
The risk management strategy is formulated From a policy perspective, the Risk
for long-term goals to ensure business Management Implementation Guidelines
continuity, achieve expected capital adequacy, contain at least:
and comprehensively control and manage a) Determining risks related to the Company's
risks within the Company. business activities (products, services, and
transactions).
The risk management strategy is formulated b) Methods and information systems for
by considering internal (human resources, identifying, measuring, monitoring,
infrastructure, capital) and external (economic and controlling risks, as well as risk
conditions) conditions and is aligned with the management information systems.
Company’s risk appetite and risk tolerance. c) Determining the level of risk to be
taken, establishing risk tolerance, and
ii. Risk Appetite and Risk Tolerance establishing risk limits.
In developing risk management policies, d) Data, report formats, and types of
the Company's Board of Directors provides information in risk management reports.
clear guidance regarding the Company's risk e) Authority and hierarchical limits.
appetite and risk tolerance, which should f) Risk profile rankings as the basis for
be taken into account in developing risk implementing risk management, which
management policies, including setting refer to the regulations of the Financial
limits. Services Authority (OJK) or other
competent authorities.
In determining risk tolerance, the Company g) Organizational structure that defines the
considers the Company's strategy and roles and responsibilities of the Board
objectives, as well as its risk-bearing capacity. of Commissioners, Board of Directors,
committees, risk management work units,
iii. Risk Management Policies and and other work units.
Procedures h) Business Continuity Plan (BCP) or
The Company has risk management Business Continuity Management (BCM)
policies and procedures outlined in the Risk policies include the development of a
Management Implementation Guidelines, Business Continuity Plan (BCP), a Disaster
which are prepared in accordance with the Recovery Plan, and a contingency plan.
provisions of the Financial Services Authority BCP/BCM policy development involves
(OJK), other competent authorities, and relevant work units and is flexible. Testing,
other applicable regulations. These policies evaluation, and updating of the BCP/BCM
will be reviewed and updated periodically to are conducted periodically in accordance
accommodate changes. with internal company regulations.
i) Establishment of an internal control system
The Risk Management Implementation for implementing risk management
Guidelines are written guidelines used in
implementing risk management and must
be consistent with the Company's vision,
mission, and strategic plan.
342 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 345
Corporate
Governance
The Risk Management Implementation The Company has established risk
Performance
Guidelines include policies regarding risk management limits at the corporate level, Highlights
management in general and for each risk, and outlined in its Risk Appetite Statement (RAS).
must be relevant for implementation within
Opening
the Company. The components included in the Company's
Risk Appetite Statement (RAS) include:
From a procedural perspective, the Risk a) Applicable regulatory requirements. Management
Report
Management Implementation Guidelines b) Parameters for maintaining a strong level
must include at least: of financial health for the Company, based
Corporate
a) Clear accountability and levels of on the considerations of the Board of Profile
delegation of authority. Commissioners and Board of Directors.
b) Periodic reviews are conducted at least c) Management's responsibility for ensuring Management
annually or at any time in the event of strategic alignment. Discussion
and Analysis
significant changes. d) Room for business growth to meet annual
c) Adequate procedural documentation to financial targets.
Environmental
facilitate reviews and audit trails. and Social
Responsibility
Some of the considerations used in
In addition, the Company also has policies and determining the Risk Management limits in
Supporting
procedures to manage the risks inherent in the Risk Appetite Statement (RAS) include a Data
the development or expansion of its business combination of, but are not limited to:
activities. These policies and procedures are a) Comparison with peers/similar companies.
formulated in accordance with the Company's b) Limits set by regulations.
risk appetite and regulatory regulations. c) Stakeholder views.
d) Expert assessment.
The Risk Management Directorate is e) Historical and/or expected risk profile.
responsible for centrally coordinating all risk f) Targets set by the Board of Commissioners.
management policies and implementation
within the Company. The Company monitors its Risk Appetite
Statement (RAS) monthly, and reviews it at
iv. Determination of Risk Limits least once a year, or more frequently if there
The Company has limits established according are changes, such as:
to the level of risk taken (risk appetite), risk a) Changes in regulations
tolerance, and strategy. b) Changes in risk model assumptions
c) Material events and/or losses
Limits are used as thresholds to determine d) Company conditions
the level of risk mitigation that management
will implement. The Company has an C. Adequacy of Risk Identification, Measurement,
approval mechanism in place for exceeding Control, and Monitoring Processes, and Risk
predetermined limits. Management Information Systems
Risk management is implemented through the
The limits proposed by each work unit, which processes of risk identification, measurement,
encompass the risks faced by the Company, control, and monitoring, and must be supported
must be approved by the Board of Directors by a risk management information system
or the Board of Commissioners through the tailored to the characteristics and complexity of
Risk Monitoring Committee, or the Board of the Company's business activities.
Directors, in accordance with their respective
authorities.
Risk management limits must be reviewed
periodically, or more frequently in the event of
significant changes, to ensure that practices
are in line with the expected risk limits.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 343
Page 346
i. Risk Identification h) Conducting periodic stress tests, a process
Steps in risk identification include: of estimating potential economic losses
a) Periodically identifying all risks across all under abnormal market conditions, allows
business activities using the Company's the Company to assess the impact on
own methods or systems. profitability and capital. Stress testing
b) Analyzing all potential risk sources for results are used as input when establishing
each activity before they are introduced or risk limit policies.
implemented.
c) Considering factors influencing risk, iii. Risk Monitoring
including additional risks. The company must have a monitoring system
and procedures that include: monitoring risk
ii. Risk Measurement exposure, risk tolerance, compliance with
Accurate risk measurement is crucial. Risk internal limits, and stress testing results, as
measurement is conducted periodically well as consistency of implementation with
and comprehensively across the Company's established policies and procedures.
business activities. Risks must be measurable
to determine the adequacy of reserves and Risk monitoring is conducted by the Risk
the capital capacity to absorb the resulting Analytics & MIS Division, with monitoring
risks. and evaluation results reported periodically
to management for risk mitigation and
The risk measurement system, technology, or necessary action.
model will be tailored to the nature, size, and
complexity of the business and must be able iv. Risk Control
to capture all risk exposures. The assumptions The company must have risk control
underlying risk identification and mechanisms and methods in place, referring
measurement must be validated and clearly to established policies and procedures.
understood by risk management officials.
Risk measurement can use quantitative and/ The company's risk control process is tailored
or qualitative methods. to risk exposure, risk appetite, and risk
tolerance.
The important steps in establishing a risk
measurement process are: The company must have a framework that
a) Assigning skilled and experienced officials is responsive to changes resulting from the
to determine the risk measurement types of risks involved.
process.
b) Ensuring the availability of sufficient, v. Risk Management Information System
appropriate, and accurate data and The company must have an adequate
information. management information system to support
c) Developing an appropriate methodology the implementation of risk identification,
or model for each type of risk. The measurement, control, and monitoring,
methodology or model must be tailored to the company's needs for effective
documented. risk management.
d) Having an adequate risk measurement
application and understanding the Things to consider in implementing a
limitations of the technology (if the risk management information system related to
measurement is conducted using an risk management include:
application). a) Developed according to the company's
e) Testing actual results against predicted needs to support the implementation
results to validate the methodology or of risk identification, measurement,
model. monitoring, and control.
f) Periodically evaluating/reviewing the
appropriateness of the assumptions, data
sources, and procedures used to measure
risk.
g) Refining the measurement methodology
if there are significant changes in material
factors influencing risk.
344 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Corporate
Governance
b) Ensure the availability of accurate, regularly reviewed (at least annually or as needed)
Performance
complete, informative, timely, and reliable by relevant work units. This includes: the suitability Highlights
information to monitor the effectiveness of the risk management framework to the
of risk management implementation Company's business and regulations, including
Opening
and support reporting to Company the appropriateness of methods, assumptions,
management, the Financial Services measurement variables, and established
Authority (OJK), or other authorized limits. Furthermore, the implementation of Management
Report
authorities. risk management by business and operational
c) Ensure the systems used and the functions (risk-taking functions) or support
Corporate
information generated are appropriate functions; findings that require improvement are Profile
to the characteristics and complexity of monitored by relevant work units.
the Company's business activities and Management
are adaptive to change. Periodic reviews The Company implements effective risk Discussion
and Analysis
are conducted to ensure the systems are management and internal control systems,
adequate. including through the implementation of a
Environmental
d) Locate a data center in Indonesia for law three-layered defense approach, establishing risk and Social
Responsibility
enforcement purposes and customer data tolerances, and implementing risk awareness
protection. and a culture of risk, as described in the previous
Supporting
e) Ensure that decisions regarding the section. Data
appointment of third parties are
made objectively and independently, The Company has an Internal Audit that reports
if outsourcing services are used for independently to the Board of Commissioners
information system development. through the Audit Committee and the President
f) Ensure testing is conducted for the Director regarding the risks inherent in business
implementation of new management and operational activities. Internal Audit will
information systems and technology and specifically detect weaknesses and violations
does not disrupt the continuity of existing of regulations that could cause the Company to
information systems. suffer material and non-material losses. Internal
g) The Company must maintain system Audit must ensure:
documentation to facilitate inherent a) The accuracy of internal controls, taking into
controls and the implementation of audit account the type and level of risks inherent in
trails. the business.
h) Prepare effective backup systems and b) The accuracy of the organizational structure
procedures. and reporting lines.
i) Ensure that all risks inherent in the c) Compliance with applicable laws, regulations,
Company are integrated into the existing and internal policies.
management information system. d) The effectiveness and efficiency of operational
activities.
D. Comprehensive Internal Control System [GRI 2-15] e) The existence of a strong risk culture
[GRI 2-27] throughout the organization.
The internal control system in implementing f) The accuracy and timeliness of financial and
risk management includes, among other things, operational reports.
the suitability of the internal control system and g) The adequacy of the management
the implementation of risk management, the information system.
assignment of authority, monitoring of policies, h) Complete and adequate documentation.
procedures, and limits, a clear organizational i) Management's response to audit results.
structure and the establishment of an adequate
four-eyes principle, and the adequacy of Internal Audit may conduct audits using its
procedures to ensure regulatory compliance. own team, a work unit, or an external team as
long as there is no conflict of interest. Internal
The implementation of risk management, Audit employs a risk-based approach and has an
including the adequacy of policies, procedures, effective rating process to assess the value of all
and management information systems, is audited work units.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 345
Page 348
Internal Audit must have an annual audit plan The Risk Analytics & MIS Division, as a work unit
that must be approved by the President Director independent of the Company's business and
and the Audit Committee. operational functions, is responsible for preparing
the Risk Profile Report in accordance with the
Internal Audit, together with the Risk Management provisions of the Financial Services Authority
Directorate, must be independent of the business (OJK) and will coordinate with relevant divisions.
function in providing feedback to the Board of
Directors and Board of Commissioners regarding The Risk Profile Report must be reviewed and
the health of the Company. approved by the Company's Board of Directors
and submitted to the Board of Commissioners
3. RISK AWARENESS AND RISK CULTURE through the Risk Monitoring Committee.
It is very important for all employees to be aware
of the risks faced in various activities, thereby Implementation of Risk Management for Each
creating a strong risk management culture. Risk [SEOJK E.3][GRI 2-18]
The combination of unique values such as trust, In implementing risk management, the Company
implementation, and management oversight largely adopts and accommodates patterns applied
will ensure that these activities are carried out by the banking sector as the business sector
prudently and based on best practices. in Indonesia considered most established and
experienced in implementing risk management
Risk culture is established through: concepts, also considering the need to apply a
• Direction and supervision from the Board of consolidated risk management framework between
Directors, Board of Commissioners, and Sharia the Company and the Parent Company.
Supervisory Board (DPS).
• Introducing risk management as an integral The Company faces 8 (eight) risks, both internal and
part of business execution. external factors, including:
• Compliance with all applicable policies,
procedures, laws, and regulations. 1. Strategic Risk
Strategic risk is the risk arising from inaccuracy in
Risk awareness and culture at all levels of the making and/or implementing a strategic decision
organization must be built through: and failure to anticipate changes in the business
• Communication regarding the importance of environment.
managing risk.
• Communication of risk tolerance levels and Strategic risk can be caused, among others, by:
expected risk profiles across various levels a) Formulation of strategies that are not aligned
and portfolio management. with the Company's vision and mission.
• Empowering employees to handle risks b) Incomprehensive analysis of the strategic
prudently in their activities, including environment.
preparing adequate risk mitigation. c) Mismatch of strategic plans across strategic
• Monitoring the effectiveness of risk levels.
management across all areas. d) Failure to anticipate changes in the business
environment such as technological changes,
4. REPORTING changes in macroeconomic conditions,
In accordance with the provisions of the Financial market competition, and policy changes by
Services Authority (OJK), the Company is required relevant authorities
to submit a Risk Profile Report, which includes a
self-assessment of inherent risks and the Quality In formulating and determining strategy, the
of Risk Management Implementation for the 8 Company needs to consider the following:
(eight) types of risks faced by the Company; this a) Understanding the conditions of the
is used to assess the Company's Soundness Level, business, economic, and financing industry
annually or more frequently if needed. environment.
b) Measuring the strengths and weaknesses
of internal and external factors within the
Company.
c) Analyzing all available alternative strategies.
346 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Corporate
Governance
To determine the effectiveness of the designed b) Ensuring that operational policies and
Performance
strategy, the Company conducts periodic procedures with adequate control Highlights
evaluations of the strategy and its implementation mechanisms are in place and reviewed
continuously. periodically.
Opening
c) Determining the most appropriate operational
The Company periodically monitors actual risk mitigation and safeguarding information
performance compared to plans and budgets technology processes and outsourcing within Management
Report
and understands the reasons for any deviations. the Company's operational activities.
Monitoring of strategic risk is carried out by d) Determining risk appetite.
Corporate
the Board of Directors through the Balanced e) Analyzing requests for temporary deviations Profile
Scorecard (BSC), which is one of the tools used to from policies/procedures.
measure and monitor the implementation of the f) Ensuring that risks in the high-impact, Management
Company's strategic risk management. low-frequency quadrants are structuredly Discussion
and Analysis
accommodated within the Business
In accordance with Financial Services Authority Continuity Management (BCM) program.
Environmental
Regulation No. 24/POJK.05/2019 concerning g) Implementing risk management actions and Social
Responsibility
Business Plans for Non-Bank Financial Services (acceptance/transfer/rejection of operational
Institutions, in 2025 the Company submitted risks).
Supporting
its annual business plan for 2026 according to Data
the format stipulated by the Financial Services The implementation of the operational risk
Authority (OJK). management process within the Company
includes:
2. Operational Risk a) Business Continuity Management (BCM)
Operational risk is the risk arising from BCM is a comprehensive management
inadequacy and/or malfunctioning of internal process that identifies potential impacts
processes, human error, system failure, and/ that threaten the organization and provides
or external events affecting the Company's a framework for building resilience and
operations. capability with effective responses that
safeguard stakeholder interests, reputation,
Operational risk can be caused, among others, brand, and valued core business activities.
by weaknesses in human resources, weaknesses
in internal processes, inadequate systems and As an integral part of the operational risk
infrastructure, and external events that have a management framework, effective BCM
negative impact on the Company. implementation is essential to anticipate
operational risks, especially those with significant
These sources of operational risk can lead to impacts (catastrophic events), regardless of
events that negatively impact the Company's their cause, such as crises and/or disruptions to
operations, so the occurrence of different business operations, system disruptions, fires,
types of operational risk events is one measure and so on.
of the success or failure of Operational Risk
Management. Some examples of operational The objectives of the BCM program are:
risk events can be categorized, among others, as • Ensure timely process continuity for all
organizational and business activity complexity, functions/units during a crisis or disaster
human resources, technology and information • Maintain key resources needed to support
systems, fraud (internal and external), business activity recovery
and organizational disruption, and the level of • Reduce reputational risk
the Company's interaction and dependency. • Increase public trust and the macro-financial
system
Companies are required to implement continuous • Improve resilience and recovery capabilities
operational risk control, including by:
a) Identifying potential control weaknesses.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 347
Page 350
Through the implementation of BCM, the Company identifies critical activities and events that could
potentially threaten business continuity if a disruption occurs.
Based on the results of this analysis, the Company develops a Business Continuity Plan (BCP) as a documented
framework for handling and recovering critical activities in each work unit within a predetermined recovery
timeframe.
The Company has mitigating measures in place for external incidents that could potentially impact the
Company's business continuity. Therefore, the Company's BCP is prepared to cover all activities and external
crisis scenarios that are prioritized based on the results of the risk assessment and the level of criticality of
the activity, which consists of:
Business Continuity
Description
Plan (BCP)
Financial BCP Contains steps for handling and recovery of critical activities caused by disasters or power,
communication, and network disruptions in daily cash flow processes, particularly as the entity
operates in a cash-intensive industry.
Information Contains steps for handling and recovery of critical activities in the event of disruptions to the
Technology Company's core systems and digital platforms.
BCP
Depository Financing The BPKB (Financing Guarantee Vehicle) is a collateral held by the Company until the consumer
Guarantee BCP has fully paid their obligations to the Company, making the security of the storage location very
important. The Financial Guarantee Storage BCP (Basic Planning and Management Plan) outlines
the steps for handling and recovering the BPKB receipt, storage, and disbursement process in the
event of a disaster or power, communication, or network disruption
Business Operations The Company's primary activities occur at branch offices, clusters, credit centers, operation
BCP centers, and warehouses. Therefore, the BCP outlines the steps to be taken in the event of an
emergency caused by communication and network (system) disruptions and power outages,
particularly in acquisition, account management, and collection management activities.
Incident It provides a documented framework to enable the organization to handle incidents. This
Management Plan document explains how to anticipate various incidents in crisis situations by activating the Call
(IMP) Tree and mobilizing members of the Incident Management Team during the incident response
under the supervision of the Corporate Command Center. The focus of the response is employee
safety, managing communications related to reputational risks, and continuity and recovery.
This document includes instructions/steps for dealing with the following situations: employee
evacuation in the event of violence/crime, earthquakes, floods, bomb threats, riots and mass
unrest, as well as fires and utility disruptions.
b) Fraud Management
Fraud risk impacts business and can have a significant financial impact on profits and impact the
Company's reputation. Effective fraud management is crucial to mitigate and manage the risks posed
by fraud.
Fraud is an act of deviation and/or omission intentionally committed to deceive, defraud, or manipulate
the Company, Consumers, or other parties, occurring within the Company's environment and/or using
Company resources, resulting in the Company, Consumers, or other parties suffering losses and/or the
perpetrator of the fraud and/or other parties gaining direct or indirect benefits.
Based on POJK No. 12 of 2024 concerning the Implementation of Anti-Fraud Strategies for Financial
Services Institutions, the Company issued an internal policy regarding fraud management that is
enforced nationally. This policy was created to implement a risk management strategy to control the risk
of fraud. Therefore, to support the implementation of risk management, the following risk management
aspects have been strengthened:
• Active supervision by the Board of Directors and Board of Commissioners
• Policies and Procedures
• Organizational structure and accountability
• Control and monitoring
348 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Corporate
Governance
A more detailed explanation of fraud control Risk Management System (ORMS). This
Performance
will be provided in the Fraud Control chapter/ system strengthens the recording, analysis, Highlights
section and reporting of operational risk data,
with the ability to identify risks, assess/
Opening
c) Quality Assurance (QA) QA is a program measure, monitor, and control/mitigate
designed to early and systematically monitor them throughout the Company. This thereby
and evaluate critical aspects of the Company's increases the effectiveness of operational risk Management
Report
processes and products to ensure that quality management implementation.
standards are met. The most important
Corporate
quality standards to be achieved are the The ORMS application will continue to be Profile
management of risk factors and the effective developed in accordance with the needs and
implementation of necessary control/ developments in the implementation of the Management
mitigation mechanisms. operational risk management framework. Discussion
and Analysis
The ORMS has been effectively operated in all
The implementation of the QA framework work units within the Company.
Environmental
within the Company encompasses a and Social
Responsibility
unified methodology, policies, procedures, Furthermore, the Company also has a
and organizational structure aimed at whistleblowing system managed by
Supporting
systematically implementing a monitoring an independent party to assist in the Data
and evaluation program to identify, measure, implementation of operational risk
monitor, and control risks arising from management, particularly regarding fraud
operational activities. incidents within the Company.
The QA strategy also adopts the COSO The Company, as a subsidiary of PT
(Committee of Sponsoring Organizations of Bank Danamon Indonesia Tbk (BDI), has
the Treadway Commission) framework for consolidated its operational risk Management
assessing and improving internal control Information System (MIS) with its parent
systems. COSO identifies eight components company.
in the Internal Control Framework, namely:
• Internal environment To manage uncertainty and potential threats
• Objective setting in the information technology environment
• Event identification and to protect the Company's digital assets,
• Risk assessment information technology risk management
• Risk response is required to manage potential risks and
• Control activities challenges related to the collection, storage,
• Information and communication processing, and dissemination of information
• Monitoring in a digital context (information risk), as well
as the potential for adverse consequences
The scope of the QA evaluation is that QA or losses specifically arising from the use of
must be able to appropriately manage the or reliance on computer/technology-related
quality assurance of every activity in the systems (technology risk).
credit process, funding process, and support
function processes using appropriate To actively oversee the implementation of
processes, methodologies, and technology. information technology risk management,
the Company has established an Information
Operational risk monitoring is carried out Technology Steering Committee (KPTI) at the
through the preparation of periodic reports Board of Directors and Senior Management
to management to identify emerging issues level, which is actively involved in the
related to weaknesses or failures in the planning, approval, review, and assessment of
implementation of control functions. information technology risk management.
Regarding the operational risk management In addition, the Company has a technology
information system, the Company has risk management and information security
developed an integrated management policy that serves as a reference for
information system for operational risk implementing technology risk management
management, namely the Operational and information security within the Company.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 349
Page 352
Regarding information security, the Credit risk can increase due to the concentration
Company has implemented a Data Leakage of financing distribution, for instance, to specific
Prevention (DLP) program and ISO 27001:2022 customers, geographic areas, business activities,
related to Information Security Systems. In types of financing, or business sectors. This risk is
addition, the Company has implemented commonly referred to as financing concentration
ISO 20000-1 in order to ensure Information risk.
Technology service governance that supports
overall operational security, efficiency and Regarding counterparty credit risk and
sustainability. settlement risk, the Company is exposed to
these risks because the Company hedges loans
In connection with the strategy for obtained in foreign currency through Cross
implementing operational risk management, Currency Swap (CCS) transactions. The Company
the Company has implemented: has limits and credit risk management strategies
a) Operational centralization for all Company related to counterparty credit risk and settlement
branch offices so that processes and the risk.
implementation of policies and procedures
can be carried out in a more standardized The Company has a credit risk management work
manner. unit tasked with monitoring the development
b) Implementing operational risk control and implementation of strategies, thereby
consisting of 3 tiers: business function, risk minimizing the emergence of credit risk.
management, and internal audit.
c) Implementing Risk Control Self Furthermore, in connection with the active
Assessment (RCSA) which is used to review supervision of the Board of Directors and
and measure the magnitude of potential Board of Commissioners, a Risk Monitoring
risks occurring during internal processes Committee has been established at the Board
to produce an operational risk status. of Commissioners level and a Risk Management
d) Using the Operational Risk Management Committee at the Company's Board of Directors
System (ORMS) to strengthen the and Senior Management level, which are actively
recording, analysis, and reporting of involved in planning, approving, reviewing, and
operational risk data. assessing credit risk.
e) Conducting Operational Risk Pre-
Assessment (ORPA) to identify and The Company has implemented a credit risk
mitigate business initiatives undertaken management strategy formulated in line with
by the Company. the company's objectives to maintain financing
f) Self Raise Issue (SRI) to facilitate initiatives quality, profit, and business growth. Periodic
aimed at mitigating the Company's evaluations are conducted on financing products/
operational risks. portfolios as a mitigation against credit risk.
g) Furthermore, a separate Information
Risk Management Division has been The Company has a credit risk policy that governs
established as a work unit distinct from the the structure and hierarchy of financing policies.
Operational Risk Management Division The Company develops and implements credit
to strengthen the implementation of risk policies and procedures appropriately so as
operational risk management related to:
to information management within the a) Support sound financing distribution. The
Company. Company has financing distribution policies
and procedures approved by the Board of
3. Credit Risk Commissioners.
Credit risk is the risk arising from the failure of b) Monitor and control credit risk, including
another party to fulfill its obligations to the financing concentration risk.
Company, including credit risk due to customer c) Conduct evaluations to capitalize on new
failure, among others, credit concentration risk, business opportunities.
counterparty credit risk, and settlement risk. d) Identify and handle non-performing financing
350 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Corporate
Governance
In connection with the analysis process for • Conducting financing risk measurement
Performance
approval and financing administration, the on a portfolio basis. This risk must be Highlights
Company has procedures that include: defined as a potential loss figure for both
a) Clear segregation of functions and delegation obligors and portfolios.
Opening
of authority in decision-making. • Stress test approach to estimate potential
b) Work units/functions that periodically review economic losses under abnormal
the quality of financing provided. conditions. Stress tests must be conducted Management
Report
c) Development of a financing administration periodically.
system related to the financing process. c) Parameters used in measuring credit risk
Corporate
d) Registration and updating of all quantitative include but are not limited to: Profile
and qualitative information. • Characteristics of each type of transaction.
• Financial condition of the customer or Management
The Risk Management Directorate is responsible counterparty and the terms of the Discussion
and Analysis
for measuring credit risk both for each portfolio financing agreement.
and overall. To measure the risk value of a • Financing tenor.
Environmental
customer or portfolio, the following matters must • Collateral/guarantees. and Social
Responsibility
be considered: • Potential for default/non-performing
a) Having written procedures for risk financing.
Supporting
measurement that allow for: • Position of write-offs, written-off claims, Data
• Centralization of balance sheet exposures and restructurings.
referring to the one obligor concept. • Company's ability to absorb potential
• Evaluation of credit risk levels using failure/adequacy of provisions
a combination of qualitative and
quantitative data. The results of this risk management can be
• Distribution of measurement results for seen from the Company's Net Non-Performing
monitoring purposes by relevant work Financing (NPF) trend, which remains within
units. the planned risk corridor, as seen in 2025 and
• Comprehensive management of 2024 at 0.25% and 0.34% respectively (still below
counterparty credit risk, both at the the limits set by the regulator). This proves that
counterparty level (by combining credit the risk strategy and culture formed and built
risk due to counterparty failure with other are aligned with the Company's objectives and
financing exposures) and at the overall business conduct.
Company level.
b) Developing appropriate methodologies, The Company's customer profile is fairly
models, or tools for each type of risk. diversified so that risk is not concentrated in
• Developing a measurement tool to any one profile. The following is the Company's
measure credit risk on a transactional consumer profile for 2023, 2024, and 2025:
basis.
Consumer Profile by Type of Occupation:
Occupation 2023 2024 2025
Employees 52% 53% 53%
Self-Employed 47% 46% 46%
Others 1% 1% 1%
Consumer Profile based on Monthly Income:
Monthly Income 2023 2024 2025
≤ IDR5,000,000 28% 25% 23%
IDR5.000.000 < IDR10.000.000 43% 45% 46%
≥ IDR10.000.000 29% 30% 31%
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 351
Page 354
The following is a description of consumer concentration on financing receivables owned by the Company:
Consumer Type 2023 2024 2025
Individual 95% 95% 94%
Corporate 5% 5% 6%
4. Market Risk Banking Book), which consists of calculating
Market risk is the risk to the position of assets, Net Interest Income (NII) and Economic Value of
liabilities, equity, and/or administrative accounts, Equity (EVE) under stress event conditions (based
including derivative transactions, arising from on scenarios determined by the regulator) as part
overall changes in market conditions. of implementing effective and adequate market
risk management.
Market risk includes, among others, interest rate/
margin risk (for Sharia), exchange rate risk, and In the event of a limit excess, the Risk Management
equity risk. Directorate (Market and Liquidity Risk function)
and the Finance Directorate (Funding & Capital
The Company has conducted periodic recording Market Division) are required to provide an
and monitoring of market risks discussed in the explanation and/or corrective action for each limit
Assets and Liabilities Committee so that the Board excess in accordance with applicable policies.
of Directors and senior management can respond
promptly to market risk issues. The Company In relation to market risk, the Company provides
has an Asset & Liability Management system to financing to customers in Rupiah currency with
support reporting and the implementation of fixed interest rates and tenors. The Company's
market risk management. funding sources come from a joint financing
scheme with the Parent Company with fixed
The Company has comprehensive written policies interest rates and matching tenors. Additionally,
and procedures to manage and control market for loans in foreign currency, the Company has
risk, including policies on limit determination, implemented a fully hedged policy as a form of
limit structure, limit approval, and actions to be mitigation against market risk.
taken in the event of limit excesses. These policies
must be formulated in accordance with the 5. Liquidity Risk
Company's business strategy, capital adequacy, Liquidity risk is the risk arising from the
and risk appetite. Company's inability to meet maturing liabilities
from cash flow funding sources and/or from
Limits are proposed by the Risk Management liquid assets that can be easily converted into
Directorate and approved by the Board of cash, without disrupting the Company's activities
Directors and Board of Commissioners through and financial condition.
the Risk Monitoring Committee.
Liquidity risk can be caused by the Company's
Market risk is measured under normal conditions inability to liquidate assets without incurring
and stress conditions. Market risk measurement material discounts due to the absence of an active
methods commonly used include the Interest market or severe market disruption, referred to as
Rate Risk gap (IRR gap), which refers to the market liquidity risk.
difference in cash flows for each maturity
bucket arising from on- and off-balance sheet The inability to obtain cash flow funding sources,
items. Outgoing and incoming cash flows in leading to liquidity risk, can be caused by, among
each maturity bucket are calculated according others:
to the characteristics of each instrument, both a) Inability to generate cash flows from
maturing and non-maturing instruments. productive assets or from the sale of assets,
including liquid assets.
Furthermore, in the context of consolidated b) Inability to generate cash flows from fund
reporting with PT Bank Danamon Indonesia raising, inter-company transactions, and loans
Tbk, as the Parent Company, the Company received.
also calculates IRRBB (Interest Rate Risk in The
352 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 355
Corporate
Governance
The Company has conducted periodic recording risk function) and the Finance Directorate
Performance
and monitoring of liquidity risks discussed in are required to provide an explanation and/ Highlights
the Assets and Liabilities Committee so that the or corrective action for each limit excess in
Board of Directors and senior management can accordance with applicable policies.
Opening
respond promptly to liquidity risk issues.
Some of the results of liquidity risk management
The Company has comprehensive written at the Company can be seen from the cash ratio, Management
Report
policies and procedures to manage and control current ratio, and gearing ratio values, which
liquidity risk, including policies for diversification remain within the established limits. Based on
Corporate
of funding sources, daily and monthly liquidity figures as of December 2025, the Company's cash Profile
management, management of high-quality ratio was managed at 6% (with a minimum limit
liquid assets, a Contingency Funding Plan of 1%), the Company's current ratio was managed Management
(CFP), and limit setting. These policies must be at 133% (with a minimum limit of 100%), and the Discussion
and Analysis
formulated in accordance with the Company's Company's gearing ratio was managed at 1.4x
business strategy, capital adequacy, and risk (with a maximum limit of 10x).
Environmental
appetite. and Social
Responsibility
Furthermore, the Company also has a fairly good
Policies for liquidity risk control must also include Credit Rating obtained from Pefindo (idAAA),
Supporting
provisions regarding the limit structure, limit Fitch (BBB), and Moody's (Baa1), which can Data
approval, and actions to be taken in the event of support the Company in managing liquidity risk.
limit excesses.
6. Legal Risk
Limits are proposed by the market and liquidity Legal risk is the risk arising from legal claims and/
risk function within the Risk Management or weaknesses in legal/juridical aspects.
Directorate and approved by the Board of
Directors and Board of Commissioners through Legal risk can originate from, among others,
the Risk Monitoring Committee. weaknesses in juridical aspects caused by weak
agreements made by the Company, the absence
Liquidity risk is measured under normal of and/or changes in laws and regulations
conditions and stress conditions. A commonly that cause a transaction already conducted by
used liquidity risk measurement method is the Company to become non-compliant with
Maximum Cumulative Outflow (MCO). MCO for a provisions, and litigation processes arising either
specific maturity bucket refers to the maximum from third-party lawsuits against the Company
net cumulative cash flow arising from on- and or from the Company against third parties.
off-balance sheet items. Outgoing and incoming
cash flows in each maturity bucket are calculated The Company has standards and procedures
according to the characteristics of each related to the implementation of legal risk
instrument, both maturing and non-maturing management. Additionally, the Company also
instruments. MCO is calculated using normal and has a code of conduct for Company employees as
stress event scenarios. Based on MCO analysis, a guide in their work, as well as limits related to
the Company's liquidity condition still showed legal risk.
a positive cash flow trend as of December 2025.
Furthermore, based on stress testing simulations Regularly, the Company also conducts training
on installment receipts from customers, it still and socialization for relevant internal parties
showed positive cash flow or remained within in order to support the Company's operational
the limits set by the Company. processes related to legal risk.
Additionally, in the context of consolidated The Company has policies related to the
reporting with PT Bank Danamon Indonesia implementation of legal risk management
Tbk, as the Parent Company, the Company also (including the Provision of Legal Assistance)
calculates the Liquidity Coverage Ratio (LCR) and and reviews them periodically in accordance
Net Stable Funding Ratio (NSFR) and has limits in with developments in the Company's internal
accordance with the Company's risk appetite. conditions and changes in applicable laws and
regulations.
In the event of a liquidity risk limit excess, the Risk
Management Directorate (market and liquidity
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 353
Page 356
The Company has limits related to legal cases, The Company has policies and procedures related
such as: number of cases, potential loss, outcome to the implementation of governance based
of legal proceedings, which are regularly on transparency, accountability, responsibility,
monitored and reported to the Board of Directors independence, and fairness as outlined in the
and Board of Commissioners. Good Corporate Governance Implementation
Guidelines. These policies and procedures are
The Company has identified and analyzed reviewed periodically or if there are changes
factors that may cause legal risks to arise in its related to regulations, to ensure they are in
products, processes, and information technology line with the current conditions faced by the
that impact financial position or reputation. In Company.
terms of the process for measuring legal risk,
both qualitative and quantitative approaches are The Company also has a work plan to implement
used. good governance and a Compliance Division that
monitors the application of the Company's values
To accelerate the handling of legal cases at the across all elements of the Company.
area and branch levels, the Company has a legal
unit at the area level that coordinates directly Furthermore, in line with the Financial Services
with the Legal Division at the head office as well Authority (OJK) regulations regarding the
as with areas and branch offices. implementation of the Anti-Money Laundering
(AML), Counter-Terrorism Financing (CTF), and
7. Compliance Risk Counter-Proliferation Financing of Weapons of
Compliance risk is the risk arising from the Mass Destruction (CPF) programs in the financial
Company not complying with and/or not services sector, the Company has policies related
implementing the laws and regulations and to the implementation of the AML, CTF, and CPF
provisions applicable to the Company. programs that have been adjusted to regulatory
requirements.
Compliance risk can originate from, among
others: Regarding the implementation of consumer and
a) Legal behavior, i.e., the Company's behavior public protection in the financial services sector
or activities that deviate from or violate in accordance with Financial Services Authority
provisions and/or laws and regulations. (OJK) regulations, the Company has policies
b) Organizational behavior, i.e., the Company's related to the Guidelines for Consumer and
behavior or activities that deviate from or Public Protection in the Financial Services Sector.
contradict generally applicable standards.
The Company has a limit for compliance risk
Compliance risk management strategies at the based on the self-assessment conducted by the
Company include: Company using the OJK format or other formats
a) Participating in socialization and training related to compliance or assessments involving
related to new regulations held by regulators. independent assessors.
b) Conducting socialization and training related
to new regulations for Company employees, Compliance risk limits can also originate from
reviewing and conducting compliance tests, limits determined by the regulator.
and preparing reports that must be submitted
to regulators and other parties in accordance In measuring compliance risk, indicators or
with the provisions of laws and regulations. parameters that can be used include:
c) Implementing a reward and punishment a) Type and significance of the violation
policy that applies to all levels. committed.
d) Conducting regular self-assessments. b) Frequency of violations (including sanctions)
e) Implementing good governance principles or the Company's compliance track record.
within the Company, namely: transparency, c) Violations of laws and regulations or generally
accountability, responsibility, independence, applicable business standards.
and fairness, in relation to Good Corporate d) Follow-up on violations.
Governance (GCG) practices.
354 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 357
Corporate
Governance
Additionally, compliance risk measurement is The Company has written policies and procedures
Performance
also carried out through compliance testing of to comply with the principles of transparency Highlights
policies, products, activities, and other relevant and improvement of service quality to customers
indicators or parameters. and other stakeholders to control reputation
Opening
risk, including the restoration of the Company's
8. Reputation Risk reputation after an event that creates reputation
Reputation risk is the risk arising from a decline risk. These policies include communication Management
Report
in the level of stakeholder trust originating from policies in dealing with customers and third
negative perceptions of the Company. parties. In addition to these policies, the Company
Corporate
is also bound by the applicable regulations of Profile
Reputation risk arises, among other things, due the Indonesia Stock Exchange and the Financial
to negative media coverage and/or rumors about Services Authority (OJK), therefore, in disclosing Management
the Company, as well as ineffective corporate information to the public, the Company also refers Discussion
and Analysis
communication strategies. to the provisions of Capital Market regulations.
Environmental
In order to support the implementation of In the context of controlling reputation risk, the and Social
Responsibility
reputation risk management, the Company Company must ensure that all applicable laws
uses a whistleblowing system managed by an and regulations are complied with.
Supporting
independent party. Additionally, the Company has Data
also established a customer complaint system, The Company acts as soon as possible in resolving
whereby customers can submit complaints customer complaints or any legal action that
through internal channels directly via Customer could increase reputation risk.
Service at Branch offices or by contacting the
Dering Adira service, which is available 6 (six) days The Company is also committed to implementing
a week during the Company's operational hours, a Corporate Social Responsibility (CSR) program
or through the Company's online media (such as involving the surrounding community, always
WhatsApp/email/Instagram/Facebook and the paying attention to the balance of economic,
website www.adira.co.id as well as the Adiraku social, and environmental aspects, which can
application), as well as external channels such as build a positive response from stakeholders
through the OJK (like email and the APPK portal) towards the Company.
or the media.
RISK CONTROL FOCUS AND INITIATIVES IN 2025
The Company has policies related to reputation Heading into 2026, the global economy is expected
risk that are tailored to the Company's internal to remain shrouded in uncertainty, with the growth
conditions and applicable laws and regulations. rate projected to continue slowing. The IMF projects
global economic growth in 2026 at 3.1%, lower than
The Company has policies and procedures related the 2025 growth projection of 3.2%. This is an impact
to: of US protectionist policies bringing major changes
a) Customer service in line with regulatory to the global economic landscape, renewed trade
provisions. tensions between the US and China, and ongoing
b) Monitoring of negative news and customer geopolitical tensions with no known end date, all
complaints. of which are factors suppressing global economic
c) External communication regarding negative growth.
news or counterproductive information.
d) Handling of customer complaints guided by In 2026, the government is optimistic that
provisions related to Market Conduct. Indonesia's economic growth will increase despite
global economic challenges, supported by several
Limits for reputation risk can use quantitative and driving factors such as strengthening household
qualitative methods adjusted to the Company's consumption, investment realization, export
needs and conditions. performance, and MSME empowerment.
The Company must identify and analyze factors
that can cause reputation risk to arise in its
products, processes, and information technology.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 355
Page 358
In relation to this condition, the Company · Utilization of Information Technology
continues to implement prudent and balanced risk Using an integrated and centralized system
management to serve as the Company's foundation management to regulate the Company's risk
in maintaining the financing quality levels planned policies and using information technology-
by the Company. based tools that adapt to the Company's
business needs, in supporting activities within
The following are the Company's focus and initiatives critical business processes, which can increase
in terms of risk control in 2026: employee productivity so as to provide services
· Customer Feasibility Assessment more efficiently and effectively, and maintain the
Implementing prudential principles in financing quality levels planned by the Company.
selecting prospective customers, translated · Cyber Security and Information Leakage Risk
into the Company's policies by considering Management
both internal and external factors, such as The Company continuously monitors and takes
regulatory requirements, market conditions, and necessary actions to mitigate cyber security
macroeconomic conditions, as well as utilizing and information leakage risks by maintaining
information from third parties in order to sharpen the confidentiality, integrity, and availability of
customer feasibility analysis so as to maintain information. To support the above, the Company
planned financing quality levels. strengthens required support systems and also
· Customer and Capacity Management develops human resources and increases the
Managing customers by considering available readiness of the DRP (Disaster Recovery Plan)
capacity and supported by the use of system and BCP (Business Continuity Plan) mechanisms.
management in implementing technology- The Company has implemented an Information
based policies and tools so that the customer Security Management System based on ISO
payment process and handling of non- 27001:2022, which assists the Company in
performing financing can be carried out more managing information asset security.
efficiently and effectively, and maintained at the · Continuous Monitoring and Development of
levels planned by the Company. Business Processes
· Analysis based on Statistical Methods and Conducting strict and continuous monitoring of
Utilization of Machine Learning the performance of each business process and
In addition to policies that are adaptive to current developing indicators and business processes
conditions, the Company also strengthens that are adaptive to current conditions in order to
analysis in the acquisition and customer maintain the Company's performance at planned
management processes with statistical modeling levels.
and machine learning built on customer data, In relation to the post-merger transition process
both demographic and behavioral, as well as with Mandala Finance, the Company's focus and
utilizing information from third parties so that initiatives in terms of risk control in 2026 are.
the risk of each customer can be quantified and · Continuing the post-merger transition process
the Company can make decisions according to with Mandala Finance
the risk level of each customer. Continuing the post-merger transition process
· Fraud Management with Mandala Finance, which has been running
Periodically, the Company conducts Fraud from October 2025 to October 2026 as planned,
Management through the implementation of whereby the Risk Management Directorate
Fraud Campaigns for customers and employees contributes to ensuring the transition process
in order to increase Fraud Awareness, develop runs well in accordance with the risk management
risk detection indicators, and use system function.
management in the monitoring process so
that activities that have the potential to cause
losses for customers and the Company can be
minimized.
356 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 359
Corporate
Governance
· Policy Harmonization Review of the Effectiveness of the Risk
Performance
Harmonizing policies, including their Management System Highlights
implementation in the ex-Mandala Finance office In 2026, the results of the evaluation of the
network, so that operational processes can run Company's risk management implementation
Opening
well and effectively while continuing to provide indicate that the system has been running well
the best service to customers. and effectively. Adira Finance's risk management
policies are continuously updated in accordance Management
Report
Implementation of Integrated Risk with regulatory requirements, current business
Management developments, and international best practices. In
Corporate
Since 2015, the Financial Services Authority (OJK) conducting its business, Adira Finance always pays Profile
has required companies that are part of a financial attention to economic situations and conditions as
services conglomerate to implement Integrated well as developments in non-bank financial services Management
Risk Management. This policy is stipulated in institutions. Discussion
and Analysis
Financial Services Authority Regulation Number
17/POJK.03/2014 and Financial Services Authority Statement on the Adequacy of the Risk
Environmental
Circular Letter Number 14/SEOJK.03/2015 concerning Management System and Social
Responsibility
the Implementation of Integrated Risk Management Adira Finance has conducted an evaluation of
for Financial Conglomerates, as updated and the implementation of risk management in 2026,
Supporting
expanded through Financial Services Authority whereby: Data
Regulation Number 30 of 2024 concerning Financial • The Board of Directors evaluates the
Conglomerates and Holding Companies of Financial effectiveness of Adira Finance's risk management
Conglomerates. The provisions in the said regulation implementation through periodic reviews of
state that a Financial Conglomerate is a group of risk management policies and procedures, the
Financial Services Institutions within one group due adequacy of the risk management information
to ownership and/or control linkages. system, risk exposure reports, and the assessment
of Adira Finance's risk profile and the Integrated
The Company is a subsidiary of PT Bank Danamon risk profile.
Indonesia Tbk and is a member of the MUFG Financial • The Board of Commissioners, assisted by the Risk
Conglomerate. All entities within the Financial Monitoring Committee, supervises and evaluates
Conglomerate, in carrying out their respective the implementation of risk management carried
business activities, are inseparable from risks that out by the Board of Directors.
may arise either individually or in an integrated
manner within the Financial Conglomerate. In this Based on the results of the evaluation and supervision
regard, PT Bank Danamon Indonesia Tbk, as the Main conducted, the Board of Commissioners assesses
Entity of the Financial Conglomerate, has established that the implementation of risk management at
an Integrated Risk Management Committee, of Adira Finance has been adequate and effective.
which the Company is a member. The Company
also implements integrated risk management to
manage risk exposures within the business activities
of the MUFG Financial Conglomerate, guided by
applicable regulations.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 357
Page 360
PROCUREMENT OF GOODS AND SERVICES 6. The Company has sent written letters to all
suppliers urging them not to make promises or
Adira Finance has implemented the following gifts to anyone within the Company. If any party
policies for the procurement of goods and services within the Company requests any reward or gift,
and supplier relations: they are requested to contact the Corporate
1. Implementation of Internal Memos and Secretary for follow-up.
Operating Procedures for the procurement of
goods and services within the Company. With these policies in place, the following results are
2. All procurement processes are conducted online achieved:
to streamline the process and ensure timely 1. Procurement of goods has been carried out
delivery of goods. in accordance with the required quantity and
3. Main suppliers, both suppliers of goods and quality, at competitive prices, with timely delivery
services, are required to submit complete and excellent after-sales service.
company legal documents to ensure that the 2. The entire procurement process and payment
Company's suppliers of goods and services are to suppliers can be monitored, ensuring
truly credible and responsible companies. compliance with the principles of Good Corporate
4. The Company's Code of Ethics and Regulations Governance.
prohibit any employee from accepting promises
or gifts in any form from suppliers. In 2025, the average time required for the
5. The Company will conduct annual evaluations of Company to complete payments to suppliers was
all suppliers to ensure that they will continue to 10 (ten) business days from the date the complete
support the Company's business activities. documents were received.
The Company's procurement of goods and services in 2025:
Procurement Value in Procurement Value
Procurement Value Procurement
Work Unit Foreign Currency in Foreign Currency
(in millions of Rupiah) Amount (Item)
(USD) (AUD)
Head Office 1,431,250 1,859,792 - 51,581
Branch Offices 303,831 - - 121,589
To ensure that all procurement of goods/services is carried out in accordance with applicable regulations, the
Company, through its Internal Audit Unit, conducts periodic audits at least once a year and at any time as
needed based on assignments from the Company's Board of Directors.
358 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 361
Corporate
Governance
DIVIDEND POLICY needs for business development in subsequent
Performance
years and the dividend policy established by PT Bank Highlights
Adira Finance is strongly committed to providing Danamon Indonesia Tbk, its controlling shareholder.
added value to shareholders through a return on
Opening
investment in the form of cash dividends. Since As in previous years, the Company has also
its Initial Public Offering (IPO), the Company has distributed cash dividends to all shareholders of the
consistently distributed dividends annually to its Company in 2024. In the Annual GMS held on … … Management
Report
shareholders. As stated in the IPO Prospectus, the 2025, it was approved to distribute cash dividends
Company has established a dividend policy with amounting to approximately 50% of the Company's
Corporate
a minimum distribution ratio of 20%–25% of the net profit in 2024, amounting to IDR… billion or Profile
current year's net profit. The Company will continue IDR… per share. On the dividend payment date, the
to strive to provide optimal investment returns to Company has paid all the cash dividends payable to Management
all shareholders, while taking into account funding all shareholders of the Company on … … 2025. Discussion
and Analysis
Environmental
and Social
Responsibility
Description 2021 2022 2023 2024 2025
Cash dividends per share (expressed in full 513 607 803 972 Supporting
Rupiah) Data
Dividend-to-Net Income Ratio (%) 50.0 50.5 50.0 50.0
Dividend growth compared to the -51.35 18.32 32.3 21.05
previous year (%)
PROVISION OF FUNDS FOR RELATED PARTIES
Funding to related parties is the provision of funds in the form of loans, placements, or investments to individuals
or companies/entities that have a controlling relationship with the Company, either directly or indirectly,
through ownership, management, and/or financial relationships. Meanwhile, funding to core customers refers
to the provision of funds to the 50 customers with the largest outstanding balances, either individually or as a
group.
Regarding the provision of funds to Adira Finance's related parties and major customers in 2025, see the table
below:
Nominal Amount
No. Provision of Funds Number of Parties
(Million IDR)
1. To Related Parties
a. PT Bank Danamon Indonesia Tbk 1
b. Other Parties 39
2. To Core Customers
a. Individuals 50 138,448
b. Group 50 1,240,976
3. To Core Sharia Customers
a. Individuals 50 60,429
b. Group 50 87,163
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 359
Page 362
FUNDING PROVISION FOR SOCIAL AND POLITICAL ACTIVITIES
Funding allocation for social activities for 2025:
No. Information Total (IDR)
1. Social Assistance: 1,040,379,105
- Humanitarian assistance and aid for victims of natural disasters
- Donations to Increso
2. Microeconomic development activities
3. Environmental maintenance and preservation: 3,950,483,600
- Environmental maintenance activities
- Environmental preservation activities
4. Religious, educational, cultural, and sports development:
- Sports activities 560,402,240
- Religious activities
- Educational activities 194,659,200
Total
Funding for political activities in 2025: None.
CONTRIBUTION TO THE STATE
Contributions to the state are reflected in the Company's tax payments and OJK levies.
Tax Payments
In 2025, taxes paid to the state were as follows:
No. Description Total (IDR)
1. Corporate Income Tax 400,243,768,113
2. Employee Income Tax 198,722,178,263
Total 598,965,946,376
Payment of OJK Levies
To comply with the provisions of Government Regulation No. 11 of 2014 concerning Levies by the Financial
Services Authority and OJK Regulation No. 3/POJK.02/2014 concerning Procedures for Implementing Levies by
the Financial Services Authority, by 2025, the Company had made four (4) levy payments to the OJK, with the
following data:
No. Type of Payment Date of Payment Total (IDR)
1. 2025 Phase I Annual March 24, 2025 IDR3,666,171,417
2. 2025 Phase II Annual July 4, 2025 IDR4,377,607,274
3. 2025 Phase III Annual October 8, 2025 IDR3,666,171,471
4. 2025 Phase IV Annual November 27, 2025 IDR3,666,171,471
360 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 363
Corporate
Governance
POLICY REGARDING CREDITORS' RIGHTS 1. The selection of creditors is based on the
Performance
interests of the Company, taking into account Highlights
Adira Finance always upholds and maintains the Company's capabilities and business
harmonious relationships with all stakeholders, development;
Opening
including its Creditors. As a manifestation of this 2. The Company makes maximum efforts to provide
commitment, the Company consistently fulfills the information relevant to the interests of creditors
obligations agreed upon in each loan agreement, and/or investors; Management
Report
including providing Creditors with access to relevant 3. The Company is committed to fulfilling the rights
information regarding the Company's condition and of creditors and/or investors in accordance with
Corporate
performance. the agreements made, with due observance of Profile
Company policies and the provisions of applicable
As a financing company, funding support from laws and regulations. Management
banks and capital market investors plays a crucial Discussion
and Analysis
role in supporting business activities. In establishing
relationships with Creditors and Investors, the
Environmental
Company is always guided by the Articles of and Social
Responsibility
Association, the Company's Code of Conduct, and
applicable laws and regulations. This commitment is
Supporting
realized through various measures, including: Data
CUSTOMER/CONSUMER PROTECTION POLICY [SEOJK F.27]
Adira Finance views Customers/Consumers as the most important part of the Company; this aligns with the
Company's focus established by Management, which is Customer Centric. As an implementation of consistently
doing its best to protect the rights of Customers/Consumers and also to comply with OJK Regulation No.
22/2023 concerning Protection of Consumers and the Public in the Financial Services Sector, as well as OJK
Regulation No. 18/POJK.07/2018 concerning Consumer Complaint Services in the Financial Services Sector and
OJK Circular Letter No. 17/SEOJK.07/2018 concerning Guidelines for Implementing Complaint Services in the
Financial Services Sector, and OJK Regulation No. 31/POJK.07/2020 concerning the Organization of Consumer
and Public Services in the Financial Services Sector by the Financial Services Authority, the Company has
provided various instruments, including establishing a consumer protection policy, a consumer complaint
service policy, and establishing a consumer complaint service function. The Company's consumer complaint
service function is headed by an official appointed by the Board of Directors, currently headed by the Head of
Marketing Strategy & Customer Experience.
Consumer Complaint Service Report for the Year 2025
Status of Completion
Type of Products Category of Total Not On
No % Complete
and Services Problems (a) (b) % Complete % Going %
(c)
(d) (e)
1 Multipurpose Adirapoin 414 1.70% 414 100.00% 0 0.00% 0 0.00%
Financing in the Form
of Purchases with
Installment Payments
2 Multipurpose Adiraku 6736 27.61% 6736 100.00% 0 0.00% 0 0.00%
Financing in the Form Application
of Purchases with
Installment Payments
3 Multipurpose Insurance 295 1.21% 295 100.00% 0 0.00% 0 0.00%
Financing in the Form
of Purchases with
Installment Payments
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 361
Page 364
Status of Completion
Type of Products Category of Total Not On
No % Complete
and Services Problems (a) (b) % Complete % Going %
(c)
(d) (e)
4 Multipurpose Danamon Auto 84 0.34% 84 100.00% 0 0.00% 0 0.00%
Financing in the Form Debit
of Purchases with
Installment Payments
5 Multipurpose Vehicle 16 0.07% 16 100.00% 0 0.00% 0 0.00%
Financing in the Form Ownership
of Purchases with Transfer
Installment Payments
6 Multipurpose Stamp Duty 34 0.14% 34 100.00% 0 0.00% 0 0.00%
Financing in the Form on Proof of
of Purchases with Payment
Installment Payments
7 Multipurpose Administrative 2 0.01% 2 100.00% 0 0.00% 0 0.00%
Financing in the Form Fees
of Purchases with
Installment Payments
8 Multipurpose Vehicle 85 0.35% 85 100.00% 0 0.00% 0 0.00%
Financing in the Form Registration
of Purchases with Certificate
Installment Payments Custody Fee
9 Multipurpose Transaction Fee 794 3.25% 794 100.00% 0 0.00% 0 0.00%
Financing in the Form
of Purchases with
Installment Payments
10 Multipurpose Customer Does 1089 4.46% 1089 100.00% 0 0.00% 0 0.00%
Financing in the Form Not Feel Like
of Purchases with Applying for
Installment Payments Credit
11 Multipurpose Danadira - 1 0.00% 1 100.00% 0 0.00% 0 0.00%
Financing in the Form Insurance
of Purchases with
Installment Payments
12 Multipurpose Danadira 2 0.01% 2 100.00% 0 0.00% 0 0.00%
Financing in the Form - Vehicle
of Purchases with Ownership
Installment Payments Certificate
(BPKB)
13 Multipurpose Danadira - 25 0.10% 25 100.00% 0 0.00% 0 0.00%
Financing in the Form Fines/Penalties
of Purchases with
Installment Payments
14 Multipurpose Danadira - 7 0.03% 7 100.00% 0 0.00% 0 0.00%
Financing in the Form Consumers
of Purchases with Do Not Feel
Installment Payments Comfortable
Applying for
Credit
15 Multipurpose Danadira - 101 0.41% 101 100.00% 0 0.00% 0 0.00%
Financing in the Form Login
of Purchases with
Installment Payments
16 Multipurpose Danadira - 33 0.14% 33 100.00% 0 0.00% 0 0.00%
Financing in the Form Accelerated
of Purchases with repayment
Installment Payments
362 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 365
Corporate
Governance
Status of Completion
Performance
Type of Products Category of Total Not On
Highlights
No % Complete
and Services Problems (a) (b) % Complete % Going %
(c)
(d) (e)
Opening
17 Multipurpose Danadira 218 0.89% 218 100.00% 0 0.00% 0 0.00%
Financing in the Form - Danadira
of Purchases with Financing
Installment Payments Management
Report
18 Multipurpose Danadira - 5 0.02% 5 100.00% 0 0.00% 0 0.00%
Financing in the Form Collection/Unit
of Purchases with Withdrawal Corporate
Profile
Installment Payments
19 Multipurpose Danadira 180 0.74% 180 100.00% 0 0.00% 0 0.00%
Financing in the Form - Fund Management
of Purchases with Disbursement Discussion
and Analysis
Installment Payments
20 Multipurpose Danadira 337 1.38% 337 100.00% 0 0.00% 0 0.00%
Financing in the Form - Credit Environmental
and Social
of Purchases with Application Responsibility
Installment Payments
21 Multipurpose Danadira - Data 8 0.03% 8 100.00% 0 0.00% 0 0.00%
Supporting
Financing in the Form Update Data
of Purchases with
Installment Payments
22 Multipurpose Danadira 13 0.05% 13 100.00% 0 0.00% 0 0.00%
Financing in the Form - Promos/
of Purchases with Programs
Installment Payments
23 Multipurpose Danadira - 73 0.30% 73 100.00% 0 0.00% 0 0.00%
Financing in the Form Registration
of Purchases with
Installment Payments
24 Multipurpose Danadira - 554 2.27% 554 100.00% 0 0.00% 0 0.00%
Financing in the Form Installment
of Purchases with Payment Status
Installment Payments
25 Multipurpose Fines/Penalties 914 3.75% 914 100.00% 0 0.00% 0 0.00%
Financing in the Form
of Purchases with
Installment Payments
26 Multipurpose ACI PDK OTP 6 0.02% 6 100.00% 0 0.00% 0 0.00%
Financing in the Form Failed
of Purchases with
Installment Payments
27 Multipurpose Adiraku PDK 5 0.02% 5 100.00% 0 0.00% 0 0.00%
Financing in the Form Failed
of Purchases with
Installment Payments
28 Multipurpose Adira 1 0.00% 1 100.00% 0 0.00% 0 0.00%
Financing in the Form Finance Quiz/
of Purchases with Competition
Installment Payments
29 Multipurpose Service 1155 4.73% 1155 100.00% 0 0.00% 0 0.00%
Financing in the Form (systems and
of Purchases with procedures)
Installment Payments
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 363
Page 366
Status of Completion
Type of Products Category of Total Not On
No % Complete
and Services Problems (a) (b) % Complete % Going %
(c)
(d) (e)
30 Multipurpose Officer Service 1161 4.76% 1161 100.00% 0 0.00% 0 0.00%
Financing in the Form
of Purchases with
Installment Payments
31 Multipurpose Accelerated 85 0.35% 85 100.00% 0 0.00% 0 0.00%
Financing in the Form Payment
of Purchases with
Installment Payments
32 Multipurpose Online 394 1.62% 394 100.00% 0 0.00% 0 0.00%
Financing in the Form Payment
of Purchases with
Installment Payments
33 Multipurpose Handling Unit 611 2.50% 611 100.00% 0 0.00% 0 0.00%
Financing in the Form Recalls
of Purchases with
Installment Payments
34 Multipurpose Consumer Offer 551 2.26% 551 100.00% 0 0.00% 0 0.00%
Financing in the Form Media Updates
of Purchases with
Installment Payments
35 Multipurpose Fraud 17 0.07% 17 100.00% 0 0.00% 0 0.00%
Financing in the Form
of Purchases with
Installment Payments
36 Multipurpose Customer Data 245 1.00% 245 100.00% 0 0.00% 0 0.00%
Financing in the Form Discrepancies
of Purchases with
Installment Payments
37 Multipurpose Vehicle 48 0.20% 48 100.00% 0 0.00% 0 0.00%
Financing in the Form Registration
of Purchases with Renewal
Installment Payments
38 Multipurpose Momobil 1 0.00% 1 100.00% 0 0.00% 0 0.00%
Financing in the Form Products
of Purchases with
Installment Payments
39 Multipurpose Promotional 37 0.15% 37 100.00% 0 0.00% 0 0.00%
Financing in the Form Programs
of Purchases with
Installment Payments
40 Multipurpose Rate/Interest/ 3 0.01% 3 100.00% 0 0.00% 0 0.00%
Financing in the Form Margin
of Purchases with
Installment Payments
41 Multipurpose Restructuring 20 0.08% 20 100.00% 0 0.00% 0 0.00%
Financing in the Form
of Purchases with
Installment Payments
42 Multipurpose Solusi Dana/ 275 1.13% 275 100.00% 0 0.00% 0 0.00%
Financing in the Form MAXI Financing
of Purchases with
Installment Payments
364 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 367
Corporate
Governance
Status of Completion
Performance
Type of Products Category of Total Not On
Highlights
No % Complete
and Services Problems (a) (b) % Complete % Going %
(c)
(d) (e)
Opening
43 Multipurpose Application 507 2.08% 507 100.00% 0 0.00% 0 0.00%
Financing in the Form Status
of Purchases with
Installment Payments Management
Report
44 Multipurpose Blacklist Status 698 2.86% 698 100.00% 0 0.00% 0 0.00%
Financing in the Form
of Purchases with Corporate
Profile
Installment Payments
45 Multipurpose BPKB Status 177 0.73% 177 100.00% 0 0.00% 0 0.00%
Financing in the Form Management
of Purchases with Discussion
and Analysis
Installment Payments
46 Multipurpose Important 42 0.17% 42 100.00% 0 0.00% 0 0.00%
Financing in the Form Document Environmental
and Social
of Purchases with Status Responsibility
Installment Payments
47 Multipurpose Insurance 264 1.08% 264 100.00% 0 0.00% 0 0.00%
Supporting
Financing in the Form Claim Status Data
of Purchases with
Installment Payments
48 Multipurpose Payment Status 5821 23.86% 5821 100.00% 0 0.00% 0 0.00%
Financing in the Form
of Purchases with
Installment Payments
49 Multipurpose STNK 174 0.71% 174 100.00% 0 0.00% 0 0.00%
Financing in the Form
of Purchases with
Installment Payments
50 Multipurpose Total Bill 77 0.32% 77 100.00% 0 0.00% 0 0.00%
Financing in the Form
of Purchases with
Installment Payments
Total service data and settlement of 24.395 100.00% 24.395 100.00% 0 0.00% 0 0.00%
consumer complaints in 2025
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 365
Page 368
COMPANY ETHICS · Enhancing and maintaining the company's
reputation;
In order to provide clear and consistent behavioral · Showing respect to fellow employees or other
guidelines for all levels of the organization, Adira parties regardless of rank or other measures.
Finance has established a Company Code of
Conduct that applies to the Board of Commissioners, Matters to be considered in implementing work
Board of Directors, Sharia Supervisory Board, and discipline include:
all employees. This code of conduct serves as the • Respecting working hours, arriving on time;
primary reference in carrying out business activities • Wearing an identification badge while in the
and interacting with all stakeholders, while also office environment;
reflecting the Company's commitment to upholding • Not conducting commercial transactions for
integrity and the principles of Good Corporate personal interests during working hours that
Governance. disrupt work smoothness;
• Using office equipment only for work purposes;
Socialization and Implementation of the Code of • Not being involved in any activities related
Conduct to illegal drugs, psychotropics, or alcoholic
The code of conduct is contained in the Company beverages;
Regulations Book, which is distributed to all • Complying with the prohibition of smoking in the
Management and employees, and can also be work area;
accessed via the Company's intranet. Introduction • Maintaining order in the work atmosphere,
and socialization of the code of conduct and company preserving the cleanliness and beauty of the
culture are provided to every new employee as part of environment, and applying high awareness,
the orientation program. Additionally, the Company for example by not letting the phone ring
updates the code of conduct periodically at least continuously;
every three years. The latest update came into effect • Not behaving in a manner that leads to acts of
on December 28, 2023, and has been socialized and sexual harassment.
distributed to all employees.
Responsibility as a Member of Society
Every employee receives the latest version of the As members of society, all leaders and employees
code of conduct book and is required to sign a are required to comply with applicable laws,
statement of commitment to comply with all possess high social sensitivity, maintain norms
applicable provisions. The implementation of this of decency, and infuse daily activities with moral
code of conduct is binding and must be adhered to ethics, especially when communicating with other
by all Adira Finance personnel, including the Board of members of society.
Directors and Board of Commissioners, as a standard
of behavior in carrying out operational activities and Norms of decency and moral ethics cannot be fully
establishing relationships with stakeholders. detailed because basically these are known from our
basic education as dignified social beings.
Key Points of the Code of Conduct
The key points of the Company's code of conduct are Prohibition on Accepting Gifts
as follows: All Company employees are prohibited from
accepting money, goods, tips, commissions, or
Responsibility as Part of the Company other facilities, either directly or indirectly, from
The primary responsibility as part of the Company is consumers, business partners, or other parties that
to support the achievement of the Company's goals, have the potential to create a conflict of interest.
including by:
· Carrying out duties and responsibilities with high As the Company has done in previous years, the
integrity and always upholding honesty; Company again socialized this prohibition to all
· Having the ability to make choices based on business partners, consumers, and the public,
internalized values; through daily newspapers with wide circulation in
· Striving with optimal effort to achieve high Indonesia, as well as notifications via email to all
performance standards; Company employees.
· Fostering relationships full of trust;
· Being sensitive to the cleanliness and health of
the work environment;
· Always complying with company regulations and
implementing work discipline;
366 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 369
Corporate
Governance
This step received a positive response from business partners and consumers, as evidenced by the support
Performance
conveyed by the majority of business partners to the Company by not giving gifts or souvenirs, as well as Highlights
reports of gift receipts submitted to the Corporate Secretary.
Opening
Although the socialization of the prohibition on accepting gifts has been carried out extensively and
continuously, the Company still finds business partners who give gifts/souvenirs to Company employees, so the
Company feels the need to take other preventive measures, namely by requiring every employee who receives Management
Report
gifts/souvenirs or other forms to return them without any limit on the value or price of the gift/souvenir.
Corporate
The list of gifts/souvenirs received by the Company during 2025 is as follows: Profile
No Gift Type Total
1 Voucher 1 Management
Discussion
and Analysis
2 Goods; Hampers 2
3 Sponsorship Funds 1
Environmental
and Social
4 Customer Day Hampers; Fruit 1 Responsibility
5 Eid Hampers; Dates, Cookies 1
Supporting
6 Eid Hampers; Cookies, Coffee, Tea, Dates 1 Data
7 Eid Hampers; Cookies 40
8 Eid Hampers; Cakes 11
9 Eid Hampers; Fruit 2
10 Eid Hampers; Cookies, Tumblr 1
11 Eid Hampers; Cookies, Dates, Neck Pillow, Glass 1
12 Eid Hampers; Ice 1
13 Christmas Hampers 15
14 Cakes & Flowers 1
15 Food 6
16 Birthdays; Wet Cakes 1
Total 87
Aside from the gifts/souvenirs mentioned above, Personal Business
most of these gifts/souvenirs were successfully Activities related to personal business must be
returned by the Company's business network, avoided as they will disrupt work activities in the
divisions, or functional departments at the Head office and have the potential for misuse of office
Office. The return of these gifts/souvenirs was carried facilities for personal gain.
out by explaining the situation to the sender so that
the good and close business relationships that have Confidentiality
been established could continue. Every employee is obligated to maintain the
confidentiality of all Company confidential
Nepotism information, including the Company's plans
There is a prohibition against involvement in and strategies, customer information, financial
decision-making regarding a transaction if an information, operational activities, and other
employee has a family relationship with a business information deemed important by the Company.
partner, customer, or other employee involved in that This obligation arises from the time the employee
transaction. If an employee has a family relationship is still in training, continues during employment
with another employee, the concerned employee is with the Company, and persists after the employee
required to report this to the Human Resources & ceases to be an employee of the Company.
General Affairs Division, which will manage the issue
to prevent a conflict of interest. Healthy Competition
The Company supports healthy business competition
in carrying out all its business activities. All business
activities and employee activities must be based on
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 367
Page 370
healthy competition and grounded in ethics. In order of the Board of Directors who has an interest in
to conduct healthy business activities, the Company a transaction, contract, or proposed contract
regularly makes various statements, whether related is not permitted to participate in voting related
to products, services, or other activities in the form to matters connected with that transaction,
of advertisements, news, or other forms. Employees unless the Board of Directors Meeting decides
are obliged to endeavor that these statements are otherwise;
implemented and realized in accordance with what • Article 16, Paragraph 10, letter b of the Company's
has been disclosed, as these statements can affect Articles of Association stipulates that a member of
the Company's reputation and growth. the Board of Commissioners who has an interest
in a transaction, contract, or proposed contract is
CONFLICT OF INTEREST MANAGEMENT AND not permitted to participate in voting related to
RELATIONS WITH RELATED PARTIES matters connected with that transaction, unless
the Board of Commissioners Meeting decides
In order to prevent conflicts of interest, as stipulated otherwise.
in Financial Services Authority Regulation No.
42/POJK.04/2020 dated July 1, 2020, concerning The Company continuously anticipates the
Affiliated Transactions and Conflict of Interest possibility of conflicts of interest in every transaction
Transactions, the Company's Articles of Association to be conducted, including by implementing Good
have stipulated several provisions to prevent conflicts Corporate Governance Guidelines, which contain
of interest, including: provisions to prevent conflicts of interest. These
· Article 12, Paragraph 9 of the Company's Articles guidelines apply to employees, senior officials, the
of Association stipulates that if the Company Board of Directors, and the Board of Commissioners
has an interest that conflicts with the personal of the Company without exception.
interest of one member of the Board of Directors,
then the party authorized to represent the Furthermore, in conducting its business, to prevent
Company is another member of the Board of conflicts of interest, the Company has adopted
Directors. If the Company has a different interest a policy of using independent appraisers and
from the interests of all members of the Board of consultants to conduct an independent assessment
Directors, then the Company will be represented of transactions to be carried out between parties
by a Commissioner; having a special relationship with the Company,
• Article 13, Paragraph 10, letter b of the Company's which are suspected of containing a conflict of
Articles of Association stipulates that a member interest.
The table below describes transactions containing conflicts of interest conducted by the Company during 2025:
Name and Title of Person with Type of
No. Name and Title of Decision Maker Description
Conflict of Interest Transaction
- - - - -
368 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 371
Corporate
Governance
PREVENTION OF INSIDER TRANSACTIONS Anti-Corruption Training/Socialization
Performance
The Company consistently strives to increase the Highlights
In carrying out its operational activities, Adira awareness of management and all employees
Finance always conducts transactions with related to play an active role in preventing and avoiding
Opening
parties transparently, namely parties that have a corrupt practices. This effort is realized through
connection, either directly or indirectly, with the various initiatives, including the dissemination of
ownership or management of the Company, as blast emails socializing the Anti-Corruption Policy Management
Report
referred to in Statement of Financial Accounting and Code of Conduct, periodic reminders regarding
Standards No. 7 and the Regulation of the Financial the prohibition on giving and receiving gratuities,
Corporate
Services Authority (formerly Bapepam and LK) No. and the implementation of anti-fraud programs for Profile
VIII.G.7 concerning Presentation and Disclosure of all employees.
Financial Reports of Issuers or Public Companies. Management
The types of transactions with affiliated parties POLICY ON DISCLOSURE OF INFORMATION Discussion
and Analysis
include financing cooperation, placement of funds REGARDING SHARE OWNERSHIP OF MEMBERS
in current accounts and time deposits, dealer OF THE BOARD OF DIRECTORS AND BOARD OF
Environmental
payables, consumer financing acquisition costs, COMMISSIONERS and Social
Responsibility
share investments, consumer financing, consumer
financing vehicle insurance cooperation, and bond The policy regarding the disclosure of information on
Supporting
purchases. share ownership of members of the Board of Directors Data
and Board of Commissioners of Adira Finance refers
All items and the nature of the transactions have to internal provisions/guidelines stipulating that
been disclosed in Note 37 of the Audited Financial every member of the Board of Directors and Board of
Statements as of and for the year ended December Commissioners who conducts transactions in shares
31, 2025. The related party relationships may result or securities of Adira Finance and other companies
in the treatment of these transactions not being is required to submit the transaction plan to ... no
the same as other transactions conducted with later than 2 (two) working days before the planned
unrelated parties. transaction, and report back to ... no later than 2
(two) working days after the transaction occurs.
GRATUITY CONTROL Complementing this policy, similar provisions can
also be found in other policies, such as the Charter
To control gratuities, Adira Finance implements of the Board of Commissioners dated July 29, 2021.
policies as stipulated, among others, in the Corporate
Governance Guidelines, Code of Conduct, and other Information regarding the share ownership (direct
Company policies, which in principle prohibit the and/or indirect) of members of the Board of Directors
giving or receiving of gifts and/or entertainment to and Board of Commissioners of the Bank in 2025 has
or from other parties as a reward and/or expression been disclosed in the Company Profile section of
of personal sympathy related to one's work and/or this Annual Report.
position.
ANTI-CORRUPTION POLICY
Programs and Procedures
Adira Finance has an Anti-Corruption Policy
designed to provide information and guidance for
parties working for and on behalf of the Company on
how to identify, report, and handle corruption issues.
Based on this policy, the Company prohibits bribery
and corruption in any form. This policy is also set
forth in writing in the Company's Code of Conduct.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 369
Page 372
WHISTLEBLOWING SYSTEM b. The Violation Handling Committee receives
the report from the Whistleblowing System
As a form of commitment to the implementation Administration Manager and conducts an initial
of Good Corporate Governance principles and investigation into the complaint/disclosure to
ethical values, Adira Finance implements a then determine whether a further investigation
Whistleblowing System. This system provides will be conducted by the Investigation
space for all stakeholders, independent parties, and Team (Internal Investigator and/or External
third parties to report suspected violations of the Investigator).
Company's governance and ethical principles. Each c. The Investigation Team conducts a follow-up
report is expected to be submitted in good faith investigation into the complaint/disclosure and
and supported by accountable evidence, in order to reports the results to the Violation Reporting
maintain the integrity and interests of Adira Finance. Committee. If unproven or resolved, the
complaint/disclosure report will be closed. If the
Whistleblowing System Management [GRI 2-26] complaint/disclosure is proven or requires follow-
Adira Finance's Whistleblowing System is managed up, coordination will be carried out with relevant
by a Violation Handling Committee appointed by the divisions regarding the imposition of sanctions or
Board of Directors, including conducting an initial forwarded to investigators for further processing
review of complaints/disclosures of violations. These in accordance with applicable laws and
personnel are directly responsible to the Board regulations and necessary corrective measures.
of Directors and are professionally assisted by an d. Reporting to the Board of Directors on the
Administrative Consultant for the Whistleblowing summary of cases reported and followed up is
System, particularly regarding the administration done at least once a year.
of complaint/disclosure reporting, and have firm e. The entire investigation process for complaints/
follow-up actions, which are expected to prevent and disclosures must be supported by valid working
detect potential violations or fraud at Adira Finance papers.
at an earlier stage and create a deterrent effect for f. Procedures for managing complaints/disclosures
potential violators. through the Whistleblowing System are carried
out in accordance with established guidelines.
Procedure for Submitting Complaints g. The entire Whistleblowing System process must
For any complaint regarding a violation or fraud, the be well-documented and reliable (accountable).
reporting party can submit their complaint through:
Website: https://www.adira.co.id Whistleblower Protection
Email: adira-wbs.info@kpmg.com.sg In accordance with Company policy, the reporting
SMS and WhatsApp: +62 811 8493 663 party who reports a violation or fraud will have their
Mail: KPMG Siddharta Advisory confidentiality and security protected. The identity
Wisma GKBI 35th Floor of the whistleblower is known only to the complaint
Jl. Jend Sudirman 28 system manager and the Company's Board of
Jakarta 10210 Directors.
Attn. KPMG EthicsLine
Complaint Handling Procedure [GRI 2-16]
a. The Whistleblowing System Administration
Manager receives and screens the received
complaint/disclosure report, determining
whether there is an initial indication or if it
meets the criteria for a Whistleblowing System
report and can be followed up. If "YES,” the
complaint/disclosure report will be forwarded to
the Violation Handling Committee. If "NO,” the
Whistleblowing System process is complete.
370 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 373
Corporate
Governance
Complaints and Follow-Up
Performance
In 2025, the number of complaints received and their follow-up process can be seen in the table below: Highlights
Number of
No. Complaint Status Total Case Employees Sanctions
Opening
Involved
1. Complaints that were forwarded for
investigation: Management
Report
In processs: (In Process)
In processs: Corporate
Profile
Violations are evident: A. Final sanction = ….
B. No sanction = ….
C. Sanction is not final yet = …. Management
Discussion
and Analysis
No violation is evident:
2. Complaints that were not forwarded for
investigation (due to insufficient or lack Environmental
of evidence) and Social
Responsibility
Dissemination
Supporting
Data
Throughout 2025, to provide understanding to all stakeholders, the Company conducted outreach through
face-to-face meetings, the Company website, internal portals, and social media.
Violation Handling Guidelines
To address any violations of the code of ethics committed by employees, Management has established
written guidelines for handling violations. These guidelines stipulate the handling of violations committed by
employees, which are handled by the employee's immediate supervisor, the Human Resources & General Affairs
Division, and the Legal Division. All violation handling processes are always reported to the Board of Directors
and then forwarded to the Internal Audit Unit, the Legal Division, and the Human Resources & General Affairs
Division. These provisions have been communicated and disseminated to all employees, both at Head Office
and throughout the Company's business network.
Number of code of ethics violations throughout 2025:
Type of Violation Number Sanctions
Level I Violation 7,255 Written Reprimand
Level II Violation 6,546 Warning Letter I
Level III Violation 209 Warning Letter II
Level IV Violation 66 Warning Letter III
Level V Violation 1,323 First and Last Warning Letter
Suspension/Termination
Level VI Violation 578 Suspension/Termination
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 371
Page 374
FRAUD CONTROL [GRI 2-26] · Create a work environment free from
corruption, collusion, and nepotism (KKN).
Based on POJK No. 12 of 2024 concerning the c. Formulation and supervision of the
Implementation of an Anti-Fraud Strategy for implementation of a code of conduct related
Financial Services Institutions, the Company to fraud prevention for all internal employees
issues and implements an anti-fraud strategy as of the Company;
part of the implementation of risk management d. Formulation and supervision of the
that is inseparable from the scope of general comprehensive implementation of the Anti-
risk management application. Therefore, Fraud Strategy;
the effectiveness of the anti-fraud strategy e. Developing the quality of human resources
implementation must at least be supported by (HR), particularly related to increasing fraud
strengthening aspects of risk management that awareness and control;
focus on fraud control. f. Monitoring and periodically evaluating/
reviewing fraud incidents and determining
Risk Management Aspects follow-up actions, including the imposition of
1. Active Supervision by the Board of Directors appropriate sanctions on fraud perpetrators;
and Board of Commissioners and
The implementation of active management g. Developing effective communication
supervision is carried out by the control and channels internally and externally, so that
anti-fraud strategy implementation function by all Officials and internal employees of the
performing independent supervision, monitoring, Company understand and comply with all
checking compliance, and reporting all fraud risks applicable policies and procedures, including
within the Company to the Board of Directors policies and procedures for fraud control.
and Board of Commissioners at Risk Monitoring
Committee meetings. This committee serves 2. Policies and Procedures
as a means of communication, direct reporting, The Company has formulated and designed
and is part of the active supervision by the policies and procedures for implementing
Board of Directors and Board of Commissioners. fraud control in accordance with the size and
Active supervision by the Board of Directors complexity of the Company's business activities
and Board of Commissioners regarding fraud to reduce identified risks and prevent behavior
encompasses matters that fall under the authority that leads to fraudulent acts.
and responsibility of the Board of Directors and
Board of Commissioners in implementing the Policies and procedures are properly
Anti-Fraud Strategy within the Company, the communicated to all Company employees and
execution of which refers to their respective various parties related to the Company so that
duties and responsibilities. These authorities and the implementation of policies and procedures
responsibilities include: can run effectively.
a. Developing anti-fraud awareness and
culture within the Company, including, The policies and procedures formulated by the
among others, an anti-fraud declaration and Company for fraud prevention at a minimum
adequate communication about behaviors include:
that constitute fraud; a. Commitment of the Board of Directors and
b. Signing of integrity pacts by all internal Board of Commissioners;
employees of the Company, including b. Establishment of a comprehensive internal
the Board of Directors and Board of control system and risk assessment
Commissioners, with the scope of the integrity procedures;
pact containing: c. Checks or due diligence on third parties
· Always comply with the laws and related to the Company in accordance with
regulations; applicable regulations;
· Act objectively, adhere to ethical and moral d. Determination of remuneration according to
values, be fair, transparent, consistent, and duties and responsibilities;
uphold honesty and commitment; e. Implementation of good governance in the
· Play an active role in efforts to prevent and Company's business activities;
eradicate fraud and be willing to report in f. Financial and non-financial control, and
the event of fraud within the Company; application of accounting in accordance with
and applicable financial accounting standards;
372 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 375
Corporate
Governance
g. Avoidance of conflicts of interest in decision- o. Implementation of ISO 37001 as a guideline
Performance
making, delegation of authority, and for establishing, implementing, maintaining, Highlights
segregation of functions; and improving the Anti-Bribery Management
h. Determination of limits on the provision of System (SMAP).
Opening
gratuities given in accordance with the scope p. Other matters deemed necessary concerning
determined by the Company; policies and procedures.
i. Determination of limits on the giving/ Management
Report
receiving of facilities, gifts, and sponsorships 3. Organizational Structure and Accountability
both internally and externally; To support the effectiveness of the Anti-
Corporate
j. Establishment of an anti-bribery and Fraud Strategy implementation, the Company Profile
corruption policy as evidence of the establishes and designates a work unit or function
Company's commitment and a reference in tasked with controlling and implementing the Management
implementing anti-bribery and corruption Anti-Fraud Strategy, namely the Anti-Fraud Discussion
and Analysis
practices; Strategy Control and Implementation Function,
k. Mechanisms for implementing the principle which is adapted to the size and complexity of
Environmental
of knowing your customer (KYC) or the the Company's business activities. and Social
Responsibility
beneficial owner of the Company;
l. Fraud reporting mechanisms, including The Anti-Fraud Strategy Control and
Supporting
whistleblowing system procedures, fraud Implementation Function within the Company is Data
reporting systems, and recording in the the responsibility of the Director who oversees the
Operational Risk Management information Risk Management function, who is responsible to
system; the President Director and has a communication
m. Enforcement of discipline and sanctions for and reporting relationship directly to the Board
violations of anti-fraud rules; of Commissioners
n. Periodic monitoring and evaluation of fraud
prevention policies and procedures;
Organizational Structure of the Anti-Fraud Strategy Control and Implementation Function
President Director
Head of Fraud Control
Vice Head of Fraud Control
Fraud Control Coordinator
Non-Permanent
Permanent Member of
Member of Fraud
Fraud Control
Control
4. Control and Monitoring
Fraud control and monitoring is a crucial aspect of the internal control system in supporting the effective
implementation of the Anti-Fraud Strategy. Fraud monitoring needs to be equipped with an adequate
information system according to the complexity and risk level of fraud occurrence. This control and
monitoring process is carried out by the Anti-Fraud Strategy Control and Implementation Function, in
collaboration with other relevant units. The Company has implemented POJK No. 12 of 2024 by executing a
fraud risk control strategy through 4 (four) pillars of the anti-fraud strategy.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 373
Page 376
In conducting control and monitoring, the g. Other controls and monitoring to enhance
Company takes steps to enhance the effectiveness the effectiveness of the Anti-Fraud Strategy
of the Anti-Fraud Strategy implementation, implementation, such as control, monitoring,
which includes: and documentation of physical assets; and
h. Fraud risk monitoring is also carried out
a. Control through review by both the Board through the preparation of periodic reports
of Directors and Board of Commissioners to Management to identify emerging issues
regarding the implementation of the Anti- related to fraud incidents. The Company has
Fraud Strategy, as well as operational review policies regarding the determination of limits
of the Anti-Fraud Strategy implementation and boundaries related to fraud risks that are
by the Work Unit or Internal Audit function or monitored periodically.
other parties appointed by the Company. This
control and monitoring process is also carried Anti-Fraud Strategy
out by committees comprising the Board The Anti-Fraud Strategy is part of the Anti-Fraud
of Directors and Board of Commissioners. policy, including the implementation of a fraud
Committees under the Board of Directors control system, and has the following 4 (four) pillars:
include the Risk Management Committee 1. Prevention
and the Fraud Committee. Committees under In implementing the fraud prevention strategy,
the Board of Commissioners include the the Company establishes policies in the form
Risk Monitoring Committee and the Audit of five components of the internal control
Committee; framework: control environment, risk assessment,
b. Segregation of functions in the execution of control activities, information & communication,
company activities across all organizational and monitoring.
levels and the application of the four
eyes principle in financing activities. In The prevention pillar, which contains steps to
every process/activity carried out by the reduce the potential risk of fraud, includes:
company at various organizational levels, a. Awareness and Culture of Integrity, Anti-Fraud
fraud control aspects and principles are and Anti-Bribery Socialization Programs for
outlined in applicable operational policies internal and external parties;
and procedures, including but not limited to b. Vulnerability identification;
fulfilling the four eyes principle, including the c. Know Your Employee (KYE) policy and
implementation of segregation of duties so Implementation of the Code of Conduct;
that each party involved in the activity does d. Fraud Prevention systems and policies;
not have the opportunity to commit and e. Implementation of the dual custody principle
conceal fraud in the performance of their and tiered control mechanisms;
duties; f. Having an Anti-Money Laundering and
c. Avoidance of conflicts of interest in decision- Counter-Terrorism Financing Unit; and
making and delegation of authority; g. Checks on third-party service providers
d. Control in the field of Human Resources related to the Company
through the implementation of policies on
rotation, mutation, mandatory leave, and 2. Detection
social or togetherness activities. Furthermore, Measurement, processes, and detection
remuneration implementation must be in activities are used to identify fraudulent
accordance with duties and responsibilities; behavior that is occurring and/or has
e. Regular mandatory dissemination of anti- occurred in order to reduce further exposure.
fraud policies to all employees to foster a fraud
prevention culture among the Company's
employees; The detection pillar, which contains steps to
f. Control of information systems that support identify and uncover fraud in the Company's
the processing, storage, and security of business activities, includes:
electronic data to prevent potential fraud. The a. Policies and mechanisms for handling
Company has a technology and information complaints through the whistleblowing
security risk management policy that serves system (WBS);
as a reference in implementing technology
and information security risk management
within the Company;
374 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 377
Corporate
Governance
b. Surprise audits; The monitoring, evaluation, and follow-up pillar is
Performance
c. Monitoring System; part of the fraud control system which includes: Highlights
d. Fraud detection applications; and a. Monitoring
e. Fraud sampling and telephone verification One crucial step in implementing a fraud
Opening
processes. control system is monitoring the follow-
up actions taken regarding fraud, both in
3. Investigation, Reporting, and Sanctions accordance with the Company's internal Management
Report
The Anti-Fraud Strategy Control and provisions and in accordance with laws
Implementation Function and/or Internal Audit and regulations. The Company has a Fraud
Corporate
and/or Regional Heads review and investigate Committee comprising the Board of Directors Profile
the causal factors of fraud and endeavor to obtain and relevant Work Units for the periodic
the best possible recovery for losses incurred monitoring process of fraud case incidents. Management
from fraud after they have been calculated and b. Evaluation Discussion
and Analysis
proven. The Company records, documents, and
maintains data/information on fraud
Environmental
The investigation, reporting, and sanctions pillar incidents. This incident data can be used as and Social
Responsibility
includes: an evaluation tool to conduct analysis and
a. Investigation. assessment to identify and determine factors
Supporting
The Company has a special section for that are still considered weak, in order to Data
handling fraud responsible for: provide recommendations for improvement.
a. conducting detection and investigation c. Follow-up
processes for activities/transactions due The Company establishes a follow-up
to indications of fraud in the Company's mechanism based on the results of evaluations
business operations; of fraud incidents to correct weaknesses and
b. conducting field investigations through data strengthen the internal control system to
sampling of high-risk criteria; and prevent the recurrence of fraud due to similar
c. conducting special investigations of weaknesses. Evaluation results are followed
activities/transactions due to indications of up with recommendations for corrective
fraud. actions to strengthen the Internal Control
b. Asset recovery. System.
Recovery activities include, among others,
conducting collection processes to recover The Company continuously ensures that anti-
losses and seeking compensation through corruption and anti-fraud efforts are implemented
third parties or other vendors related to the comprehensively. In 2025, the Company undertook
fraud incident. various initiatives to strengthen the precautionary
c. Reporting to Internal parties, the Parent approach towards corruption and fraud risks,
Company, and the Financial Services including strengthening the anti-corruption culture
Authority. through regular socialization across all operational
d. Imposition of sanctions on fraud perpetrators networks and implementing improvements to
to provide a deterrent effect for fraud work systems and procedures aimed at eliminating
perpetrators within the Company, applied opportunities for corrupt or fraudulent acts.
transparently and consistently.
e. Law enforcement in accordance with the In 2025, the Company conducted 12 anti-corruption
Company's internal procedures. and anti-fraud training sessions, attended by 3,143
employees, ranging from Staff level to Regional
4. Monitoring, Evaluation, and Follow-up Heads. [GRI 205-2]
In order to follow up on the results of fraud case
investigations, each work unit, coordinated by the
Anti-Fraud Strategy Control and Implementation
Function, is required to monitor, evaluate, and
follow up on fraud cases that have occurred,
including monitoring the implementation
of sanctions that have been imposed and
monitoring corrective actions taken regarding
the incident.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 375
Page 378
The Company has established a general policy to take firm action against all acts of corruption and fraud,
including terminating employment for proven fraud perpetrators. Based on the applicable provisions and
procedures within the Company, the Company can report fraud perpetrators to the authorities for processing
in accordance with applicable laws and regulations.
The number of fraud incidents that occurred throughout 2025 is as follows: [GRI 205-3]
Number of Fraud Perpetrated by:
Permanent Non-Permanent
Total Fraud Management Non- Employees
Employees Employees
2025 2024 2023 2025 2024 2023 2025 2024 2023 2025 2024 2023
Total number of frauds 0 0 0 217 208 464 182 151 245 292 296 404
Settled 0 0 0 217 208 464 182 151 245 292 296 404
In-progress 0 0 0 0 0 0 0 0 0 0 0 0
No solution has been 0 0 0 0 0 0 0 0 0 0 0 0
given
Followed up by legal 0 0 0 15 13 10 1 10 9 1 7 3
process*
*) The number of fraud cases that have been followed up through legal proceedings is a portion of the total number of fraud cases that have been
resolved.
The Company's total potential loss in 2025 is approximately IDR21.08 billion, and no fraud cases have had a
significant negative impact on the Company.
The information on the number of fraud cases and the Company's total potential loss above includes Mandala
Finance after the merger (since October 2025).
COMPANY LEGAL ISSUES
As of the date of publication of this annual report, the Company is facing several legal cases and/or claims
from third parties of immaterial value. As of the date of publication of this annual report, to the Company's
knowledge, members of the Board of Commissioners and/or Directors are not facing any claims from third
parties or are involved as parties in any legal cases.
The legal cases, including civil, criminal, state administrative court (PTUN), consumer protection, and other
legal cases involving the Company during 2025, are as follows:
Counterparty Case Value
No Court Case No. Position Case Description
Position (IDR)
DISTRICT COURT/RELIGIOUS COURT (PN/PA)
1 PN Tangerang 104/Pdt.Eks/2023/ Plaintiff Tergugat Adira Finance Tangerang Branch 194,765,941
Pn Tng filed a request for fiduciary
guarantee execution against the
Consumer/Debtor named Tatu Firda
Anastasia because the Consumer/
Debtor defaulted on their financing
installment payment obligations.
SUPREME COURT
1 Supreme 12/Pdt.G/2022/ Defendant/ Plaintiff/ Adira Finance Gorontalo Branch was 275,048,000
Court PN Gto Appellee/ Appellant/ sued by the heirs of the Consumer/
Cassation Cassation Debtor for rejecting the insurance
Respondent Applicanti claim on the grounds that the
Consumer/Debtor had not passed the
waiting period stipulated in the policy
(died before 3 months after the date
of the financing agreement).
376 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 379
Corporate
Governance
Counterparty Case Value
No Court Case No. Position Case Description
Position (IDR) Performance
Highlights
2 Supreme 396/Pdt.G/2023/ Defendant/ Plaintiff/ Adira Finance's West Jakarta 1,281,940,800
Court PN.Jkt.Brt Appellee/ Appellant/ branch was sued by a consumer/
Cassation Cassation debtor named Iwan Hartono for not Opening
Respondent Applicanti accepting a police report on the
alleged transfer of fiduciary collateral
by Adira Finance.
Management
Report
3 Supreme 339/Pdt.G/2023/ Defendant/ Plaintiff/ Adira Finance Cabang Bekasi digugat 75,000
Court PN Bks Appellee/ Appellant/ Konsumen/Debitur atas nama Raden
Cassation Cassation Catur Wibowo, S.H.1. karena tidak
Corporate
Respondent Applicanti terima atas biaya penitipan BPKB Profile
yang menurutnya tidak pernah
dijelaskan pada saat pengajuan
pembiayaan.
Management
Discussion
4 Supreme 51/Pdt.G/2023/PN. Defendant/ Plaintiff/ Adira Finance's Bandarjaya branch 332,975,353 and Analysis
Court Gns. Appellee/ Appellant/ was sued by a consumer/debtor
Cassation Cassation named Herlina Wati because the
Respondent Applicanti consumer/debtor considered the Environmental
financing agreement made by and Social
Responsibility
Adira Finance to violate standard
clauses prohibited by the Consumer
Protection Law.
Supporting
Data
5 Supreme 300/Pdt.G/2023/ Defendant/ Plaintiff/ Adira Finance Bekasi Branch was 109,338,074
Court PN Ckr Appellee/ Appellant/ sued by a consumer/debtor named
Cassation Cassation Didin Komarudin, who objected to
Respondent Applicanti Adira Finance's seizure of fiduciary
collateral.
6 Supreme 17/Pdt.G/2024/ Defendant/ Plaintiff/ Adira Finance's Magelang branch was 50,000,000
Court Pn.Pwr Appellee/ Appellant/ sued by a consumer/debtor on behalf
Cassation Cassation of PT. Ardan (Ardani Yusuf), due to
Respondent Applicanti objections to Adira Finance's efforts to
collect financing installments.
7 Supreme 136/Pdt.G/2024/ Defendant/ Plaintiff/ Adira Finance's Jambi branch was 421,036,035
Court PN Jmb Appellee/ Appellant/ sued by a consumer/debtor named
Cassation Cassation Aidil Amin, who objected to Adira
Respondent Applicanti Finance's attempt to seize his
fiduciary collateral.
8 Supreme 140/Pdt.G/2024/ Defendant/ Plaintiff/ Adira Finance's Jambi Branch 277,328,700
Court PN Jmb Appellee/ Appellant/ was sued by a consumer/debtor
Cassation Cassation named Adi Asmar, objecting to
Respondent Applicanti Adira Finance's attempt to seize the
fiduciary collateral unit.
9 Supreme 284/Pdt.G/2024/ Defendant/ Plaintiff/ Adira Finance's Jakarta 2 Car - 622,476,259
Court PN Mks Appellee/ Appellant/ Latumenten Branch (Defendant II)
Cassation Cassation was sued by a third party named Muh.
Respondent Applicanti Juarsa Ahmad, claiming he never
consented to his unit being used as
collateral for a financing facility in
the name of the consumer/debtor PT.
Ceria Alam Semesta (Defendant I).
10 Supreme 90/Pdt.G/2024/ Defendant/ Plaintiff/ Adira Finance's Rantau Prapat Branch 1,089,625,000
Court PN Rap Appellee/ Appellant/ (Defendant I), Bintang Motor, the
Cassation Cassation winning dealer (Defendant II), Rudi
Respondent Applicanti Hermanto, the BFI debtor (Defendant
III), and BFI Finance's Rantau Prapat
Branch (Defendant IV) were sued by
an ex-consumer/debtor named Irwan
Hanafi, claiming he never consented
to his unit being used as collateral for
a financing facility in the name of the
BFI debtor (Defendant III).
11 Supreme 175/Pdt.G/2024/ Defendant/ Plaintiff/ Adira Finance's Jambi Branch was 229,039,940
Court Pn.Jmb Appellee/ Appellant/ sued by a consumer/debtor named
Cassation Cassation Ismet, objecting to Adira Finance's
Respondent Applicanti efforts to collect its financing
installment obligations.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 377
Page 380
Counterparty Case Value
No Court Case No. Position Case Description
Position (IDR)
12 Supreme 92/Pdt.G/2024/ Defendant/ Plaintiff/ Adira Finance Cabang Kisaran 330,600,000
Court PN Kis. Appellee/ Appellant/ digugat oleh Konsumen/Debitur atas
Cassation Cassation nama Dirpan Jaya, karena keberatan
Respondent Applicanti atas penguasaan unit jaminan fidusia
oleh Adira Finance.
Adira Finance's Kisaran Branch was
sued by a consumer/debtor named
Dirpan Jaya, objecting to Adira
Finance's control of the fiduciary
security unit.
13 Supreme 50/Pdt.G/2024/PN Defendant/ Plaintiff/ Adira Finance's Martapura Branch was 138,352,672
Court Mtp. Appellee/ Appellant/ sued by a consumer/debtor named
Cassation Cassation Nining Indah Purwati, who claimed
Respondent Applicanti the financing agreement entered into
by Adira Finance violated a standard
clause prohibited by the Consumer
Protection Law.
14 Supreme 317/Pdt.G/2024/ Defendant/ Plaintiff/ Adira Finance's Manado Branch 337,321,726
Court PN Mnd Appellee/ Appellant/ (Defendant) and Notary Eka (Co-
Cassation Cassation Defendant I), the North Sulawesi
Respondent Applicanti Ministry of Law and Human Rights
(Co-Defendant II), and Pitoesi
(Defendant III) were sued by
Consumer/Debtor Arichandra Hinta
because the Consumer/Debtor
claimed he never signed a Fiduciary
Power of Attorney and questioned the
Fiduciary Deed's execution using a
notary outside Manado City.
Tax cases/disputes involving the Company as a party throughout 2025 are as follows:
Number of
No. Case Number Subject Matter of the Case Position Counterparty Case Status
Lawsuits
1 2485/B/PK/ 1 Corporate Income Tax results Applicant Director Rejecting the
Pjk/2025 from 2017 tax audit findings for Judicial General of Application for
Review Taxes Judicial Review
2 2934/B/PK/ 1 VAT results from tax audit Applicant Director Granting the
Pjk/2025 findings for the June 2017 period for Judicial General of Application for
Review Taxes Judicial Review
3 1610/B/PK/ 1 VAT based on tax audit findings Applicant Director Granting the
Pjk/2025 for the July 2017 tax period for Judicial General of Application for
Review Taxes Judicial Review
4 298/B/PK/ 1 VAT based on tax audit findings Applicant Director Granting the
Pjk/2025 for the August 2017 tax period for Judicial General of Application for
Review Taxes Judicial Review
5 3403/B/PK/ 1 VAT results from tax audit Applicant Director Granting the
Pjk/2025 findings for the September 2017 for Judicial General of Application for
period Review Taxes Judicial Review
6 2345/B/PK/ 1 PPN hasil temuan pemeriksaan Applicant Director Granting the
Pjk/2025 pajak masa Oktober 2017 for Judicial General of Application for
Review Taxes Judicial Review
7 736/B/PK/ 1 VAT results from tax audit Applicant Director Granting the
Pjk/2025 findings for the November 2017 for Judicial General of Application for
period Review Taxes Judicial Review
8 1703/B/PK/ 1 VAT from the findings of the Applicant Director Granting the
Pjk/2025 December 2017 tax audit. for Judicial General of Application for
Review Taxes Judicial Review
9 009152.15/2024/ 1 Corporate Income Tax from the Appellant Director Granting the
PP findings of the 2018 tax audit. General of Appeal
Taxes
10 009153.16/2024/ 1 VAT based on findings from the Appellant Director Partially
PP September 2018 tax audit. General of Rejects Appeal
Taxes
378 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 381
Corporate
Governance
Number of
No. Case Number Subject Matter of the Case Position Counterparty Case Status
Lawsuits Performance
Highlights
11 009154.16/2024/ 1 VAT based on findings from the Appellant Director Partially
PP October 2018 tax audit. General of Rejects Appeal
Taxes Opening
12 009155.16/2024/ 1 VAT based on findings from the Appellant Director Partially
PP November 2018 tax audit General of Rejects Appeal
Management
Taxes Report
13 009156.16/2024/ 1 VAT based on findings from the Appellant Director Partially
PP December 2018 tax audit General of Rejects Appeal Corporate
Taxes Profile
Management
These cases and disputes did not materially and negatively impact the Company's business activities and/or Discussion
and Analysis
financial condition.
Environmental
The following are legal cases, both civil and criminal, involving members of the Board of Commissioners and Social
Responsibility
throughout 2025:
Subject
Number of Supporting
No. Case Number Matter of the Position Counterparty Case Status Data
Lawsuits
Case
- - - - - - -
Kasus-kasus hukum baik perdata maupun pidana yang melibatkan anggota Direksi sebagai pihak sepanjang
tahun 2025 adalah sebagai berikut:
Subject
Number of
No. Case Number Matter of the Position Counterparty Case Status
Lawsuits
Case
- - - - - - -
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 379
Page 382
ADMINISTRATIVE SANCTIONS FROM THE REGULATOR
In 2025, there were 3 (three) written warnings and 2 (two) sanctions in the form of fines totaling IDR1,950,000.
Sanction data from the Regulator throughout 2025:
Sanctioning
Date Sanction Type Description
Institution
2 Oktober 2025 Fine Financial Service Pengenaan Sanksi kewajiban membayar denda
Authority Rp1.850.000 atas penyampaian laporan debitur,
Sistem Layanan Informasi Keuangan (SLIK) sebanyak
37 debitur periode Agustus 2024, November 2024,
Maret 2025, April 2025, Juni 2025, dan Juli 2025,
PT Mandala Multifinance Tbk.
2 Oktober 2025 Written Warning Financial Service Peringatan Tertulis atas keterlambatan
Authority penyampaian debitur SLIK periode Agustus 2024,
November 2024, Maret 2025, April 2025, Juni 2025,
dan Juli 2025, PT Mandala Multifinance Tbk.
19 November 2025 Fine Financial Service Pengenaan Sanksi kewajiban membayar denda
Authority Rp100.000 atas keterlambatan penyampaian
koreksi laporan debitur melalui Sistem
Layanan Informasi Keuangan (SLIK) sebanyak 2
debitur periode Juli 2025 (Unit Usaha Syariah),
PT Mandala Multifinance Tbk.
19 November 2025 Written Warning Financial Service Peringatan Tertulis atas keterlambatan
Authority penyampaian koreksi laporan debitur melalui
SLIK periode Juli 2025 (Unit Usaha Syariah),
PT Mandala Multifinance Tbk.
26 November 2025 Written Warning Financial Service Peringatan Tertulis atas keterlambatan tindak
Authority lanjut Unit Usaha Syariah melalui Aplikasi
Portal Perlindungan Konsumen (APPK)
PT Adira Dinamika Multi Finance Tbk.
SANCTIONS AND VIOLATIONS OF LAW RELATED TO EMPLOYMENT, CONSUMER, BANKRUPTCY,
COMMERCIAL, COMPETITION, AND/OR ENVIRONMENTAL ISSUES
Throughout 2025, Adira Finance did not commit any legal violations and received no sanctions related to
employment, consumer, bankruptcy, commercial, competition, and/or environmental issues.
SANCTIONS FOR NON-COMPLIANCE WITH LAWS OR REGULATIONS RELATED TO SIGNIFICANT OR
MATERIAL RELATED PARTY TRANSACTIONS
Throughout 2025, there were no cases of non-compliance with laws, rules, or regulations related to significant
or material related party transactions related to Adira Finance.
SANCTIONS FROM REGULATORS RELATED TO MATERIAL EVENTS
Throughout 2025, Adira Finance received no sanctions from regulators due to failure to make announcements
within the required timeframe for significant events.
SANCTIONS RELATED TO LISTING REGULATIONS
Throughout 2025, Adira Finance received no sanctions related to violations of listing regulations from
regulators. Adira Finance consistently strives to comply with the rules, regulations, provisions, and/or listing
rules of regulators and SROs, including disclosure rules and other related regulations.
380 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 383
Corporate
Governance
ACCESS TO COMPANY INFORMATION AND DATA
Performance
Highlights
Adira Finance is committed to implementing the principle of transparency as an essential part of Good
Corporate Governance. The company consistently provides access to information and data to all stakeholders,
Opening
so that they can obtain information regarding financial and non-financial performance easily and accurately.
Communication is conducted through various channels, such as press releases and public exposes. In addition,
Adira Finance actively disseminates information through print and electronic media, as well as the company's Management
Report
official website, which is available in Indonesian and English. Through this website, all stakeholders can access
various important information, including the Annual Report.
Corporate
Profile
Adira Finance provides various accessible channels for further information, including:
Management
Tel. : (62-21) 3973-3322/3232 Discussion
and Analysis
Fax. : (62-21) 3973-4949
E-mail : af.corsec@adira.co.id
Environmental
Website : www.adira.co.id and Social
Responsibility
CORPORATE GOVERNANCE ASSESSMENT
Supporting
Data
Corporate Governance Self-Assessment
To obtain objective results in the implementation of Good Corporate Governance principles, in 2025, Adira
Finance conducted a self-assessment of its Corporate Governance practices, referring to OJK standards, as
stipulated in OJK Regulation No. 29/POJK.05/2020 and OJK Circular Letter No. 28/SEOJK.05/2020 and OJK
Circular Letter No. 11/SEOJK.05/2020. The assessment also involved an independent assessor.
The summary results of the assessment of Adira Finance's Corporate Governance implementation in 2025
compared to 2024 are as follows:
Total Assessment Results
2024 2025
No. Assessment Standards/Format
Score/ Score/
Category Category
Rating Rating
1. In accordance with OJK Regulation No. 29/POJK.05/2020, 1 - 1 -
Financial Services Authority Regulation No. 28/
POJK.05/2020 and OJK Circular Letter No. 11/SEOJK.05/2020
2. ASEAN CG Scorecard 89,21 Baik 95,84 Sangat Baik
Details of the assessment results can be seen below.
The Self-Assessment using the OJK format complies with OJK Regulation No. 28/POJK.05/2020 and OJK
Circular Letter No. 11/SEOJK.05/2020
In accordance with OJK Regulation No. 28/POJK.05/2020 concerning the Assessment of the Soundness Level
of Non-Bank Financial Services Institutions and OJK Circular Letter No. 11/SEOJK.05/2020 concerning the
Assessment of the Soundness Level of Financing Companies and Sharia Financing Companies, Adira Finance
has conducted an assessment of its Corporate Governance implementation using worksheets and a format in
accordance with these provisions as one of the factors in assessing the Company's Soundness Level.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 381
Page 384
The assessment results for the 2025 financial year are as follows:
Rating
No. Parameter
1 2 3 4 5
1 Implementation of Shareholder Duties and Responsibilities and General Shareholders'
Meetings (GSM) √
1. Governance Structure and Infrastructure √
2. Governance Implementation Process √
2 Implementation of the Board of Directors' Duties, Responsibilities, and Authorities
1. Governance Structure and Infrastructure √
2. Governance Implementation Process √
3. Governance Implementation Results √
3 Duties, Responsibilities, and Authorities of the Board of Commissioners
1. Governance Structure and Infrastructure √
2. Governance Implementation Process √
3. Governance Implementation Results √
4 Implementation of Sharia Supervisory Duties, Responsibilities, and Authorities
1. Governance Structure and Infrastructure √
2. Governance Implementation Process √
3. Governance Implementation Results √
5 Completeness and Implementation of Committee Duties
1. Governance Structure and Infrastructure √
2. Governance Implementation Process √
3. Governance Implementation Results √
6 Risk Management Implementation
1. Governance Structure and Infrastructure √
2. Governance Implementation Process √
3. Governance Implementation Results √
7 Implementation of Anti-Fraud Strategies
1. Governance Structure and Infrastructure √
2. Governance Implementation Process √
3. Governance Implementation Results √
8 Implementation of Compliance Functions
1. Governance Structure and Infrastructure √
2. Governance Implementation Process √
3. Governance Implementation Results √
Implementation of Internal Audit and External Audit Functions
9 Implementation of Internal Audit Functions
1. Governance Structure and Infrastructure √
2. Governance Implementation Process √
3. Governance Implementation Results √
10 Implementation of External Audit Functions
1. Governance Structure and Infrastructure √
2. Governance Implementation Process √
3. Governance Implementation Results √
11 Application of Conflict of Interest
1. Governance Structure and Infrastructure √
2. Governance Implementation Process √
3. Governance Implementation Results √
12 Remuneration Policy Implementation
1. Governance Structure and Infrastructure √
2. Governance Implementation Process √
3. Governance Implementation Results √
13 Information Disclosure
1. Governance Structure and Infrastructure √
2. Governance Implementation Process √
3. Governance Implementation Results √
14 Business Ethics
1. Governance Structure and Infrastructure √
2. Governance Implementation Process √
3. Governance Implementation Results √
15 Financing Policy
1. Governance Structure and Infrastructure √
2. Governance Implementation Process √
3. Governance Implementation Results √
382 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 385
Corporate
Governance
Rating
No. Parameter Performance
Highlights
1 2 3 4 5
16 Implementation of Sustainable Finance, including Implementation of Social and
Environmental Responsibility √ Opening
1. Governance Structure √
2. Governance Process √
3. Results of Governance Implementation
Management
Report
17 Business Plan
1. Governance Structure √
2. Governance Processes √ Corporate
3. Governance Outcomes √ Profile
Management
Based on the data in the table above, the good corporate governance factor gets a rating of 1. As for this Discussion
and Analysis
assessment, the smaller it is, the better the implementation of good governance will be.
Environmental
and Social
Analysis Responsibility
Based on the results of the Self-Assessment of Corporate Governance Implementation, this factor is categorized in Rank 1
(one). Supporting
Data
This reflects that corporate governance has been implemented effectively, consistently, and sustainably, supported by an
adequate governance structure, transparent and accountable decision-making processes, and governance outcomes that
are in line with regulatory requirements and prudential principles. The weaknesses identified are limited in nature, can be
mitigated, and are accompanied by clear follow-up plans.
Positive Factors
Based on an analysis of all assessment indicators, the following is a summary of positive factors in the implementation of
governance in the Company:
a. Structure
The Company's ownership structure is clear and transparent, with Controlling Shareholders who have obtained a Fit
and Proper Assessment from the OJK. The structure of the Board of Directors and Board of Commissioners complies
with OJK requirements, supported by the existence of adequate key support functions (risk management, compliance,
internal audit, and internal control).
b. Process
The implementation of shareholder roles through the GMS is carried out in a transparent and accountable manner
without interference in operations. The Board of Directors' decision-making process is collective, independent,
and well-documented, supported by adequate meeting frequency and consistent follow-up on audit findings and
regulatory oversight.
c. Results
Shareholder rights and treatment are protected fairly, including in the implementation of corporate actions. The
Company's overall performance is in line with its strategic plan, supported by capitalization and profit utilization
policies that take into account internal and external conditions as well as business sustainability.
Negative Factors
Contains a summary of negative factors from the main factors that have a significant impact on the implementation of
governance.
a. Structure
The composition of the Company's public shares (free float) as of December 31, 2025 does not meet the minimum
requirements as stipulated in the Exchange regulations.
b. Process
Compliance with free float requirements still requires further coordination with regulators and the implementation of
strategic measures in accordance with the set timeline.
c. Results
The suboptimal compliance with free float requirements has the potential to affect capital market aspects and market
perception, but does not impact the Company's compliance with OJK regulations in the financial services sector and is
accompanied by a clear follow-up plan.
GCG ASSESSMENT BY INDEPENDENT PARTIES
To obtain a more objective result regarding the implementation of Good Corporate Governance principles, in
2025 the Company also conducted an assessment of its Corporate Governance practices by an independent
party. The assessment by the independent party in 2025 was carried out by the Indonesian Institute for Corporate
Directorship (IICD) using the ASEAN Corporate Governance Scorecard standards. The IICD assessment covers
Shareholders' Rights and Equitable Treatment, Sustainability and Resilience, Disclosure and Transparency, and
Board of Commissioners' Responsibilities.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 383
Page 386
The assessment was conducted by IICD in January 2026, based on an analysis of information or documents
available to the public, which include, among others, the annual report, financial statements, GMS notices,
announcements of GMS results, the Company's Articles of Association, charters of the board and board
committees, the Company's website, the OJK website, the IDX website, and other relevant information.
The total final score for the Corporate Governance assessment is interpreted as follows:
Jumlah
Kriteria Interpretasi
Nilai
> 100 Leadership The Company has exceeded international standards (ACGS structure)
in Corporate
Governance
90,00 – 100,00 Very Good The Company has fully adopted international standards
80 – 89,99 Good The Company has partially adopted international standards
70,00 – 79,99 Fair The Company has a strong awareness and strives to adopt international standards.
60,00 - 69,99 Minimum The Company meets minimum standards in accordance with laws and regulations.
Requirement
Based on the assessment carried out, the assessment results from IICD dated December 4, 2025 are as follows:
No. Assessment Components The Score of Each Principle
1. Shareholder Rights and Equal Treatment 17,24
2. Sustainability and Resilience 12,95
3. Disclosure and Transparency 22,73
4. Board Responsibilities 34,92
Total Weighted Score 87,84
5 Bonus* 14
6 Penalty** -6
Total Score for Good Corporate Governance Practices 95,84
Description:
* Bonuses are awarded for the use of electronic voting during the GMS for each meeting agenda item, disclosure of the Company's practices in
managing risks and opportunities related to climate change, disclosure of stakeholder engagement channels, including information on its efforts to
address stakeholders' ESG concerns, the Company's presence in a dedicated unit/division/committee that manages or is responsible for sustainability
issues, the Company's involvement/use of an independent party/institution in managing the Whistleblowing System (WBS), and the publication of
audited financial statements within 60 days from the end of the fiscal year. The Company announced its first audited financial statements on February
15, 2025. Disclosure and explanation of information technology governance strategies, including those related to disruption, cybersecurity, and disaster
recovery, and the existence of a separate or independent Risk Committee within the Company, demonstrated by the existence of a Risk Management
Committee.
** The penalty was imposed because there was a case of delay in submitting material event information carried out by the Company within the specified
period, resulting in the imposition of administrative sanctions by the regulator on the Company, and because it was revealed that the Company's
Independent Commissioner received a bonus in the form of a bonus.
Based on the assessment results, Adira Finance's Corporate Governance implementation value is in the "Very
Good" category based on the ASEAN CG Scorecard.
384 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 387
Corporate
Governance
IMPLEMENTATION OF ASPECTS AND PRINCIPLES OF GOVERNANCE OF PUBLIC COMPANIES IN
Performance
ACCORDANCE WITH FINANCIAL SERVICES AUTHORITY REGULATIONS Highlights
In accordance with OJK Regulation No. 21/POJK.04/2015 concerning the Implementation of Guidelines
Opening
for Governance of Public Companies and OJK Circular Letter No. 32/SEOJK.04/2015 concerning Guidelines
for Governance of Public Companies, there are five aspects, eight principles, and 25 recommendations for
Governance issued by the OJK. The Company has implemented these aspects, principles, and recommendations Management
Report
based on a "comply or explain" approach, with detailed information as follows:
Corporate
Profile
Aspect Principle Recommendation Explanation
The Relationship Principle 1: 1.1 Public Companies have Complied
between Public Enhancing the Value technical methods As an effort to enhance shareholder independence, Management
Companies and of General Meetings or procedures for freedom, and confidentiality in the voting process, Discussion
and Analysis
Shareholders in of Shareholders collecting votes, both the Company has a policy of conducting closed-door
Guaranteeing (GMS) openly and secretly, and electronic voting (e-voting) for each agenda item
Shareholder Rights which prioritize at the GMS. This policy is outlined in the GMS Rules of
independence and Procedure. Environmental
and Social
the interests of Since 2018, voting at the Annual GMS and Responsibility
shareholders. Extraordinary GMS has been conducted closed-door
and electronically, using touchscreens provided
by the Company, smartphones, or other mobile Supporting
devices (tablets, iPads, etc.) owned by Shareholders Data
or their proxies. This makes the Company the first
public company in Indonesia to conduct electronic
shareholder voting (e-voting). Shareholders and/or
their proxies who attend electronically can e-vote using
the eASY.KSEI application. Shareholders who grant
power of attorney through the e-Proxy mechanism are
deemed to have exercised their voting rights through
the eASY.KSEI application and are not permitted to
e-vote at the GMS location.
The counting of voting results was conducted
by independent parties, namely the Securities
Administration Bureau of PT Adimitra Jasa Korpora and
Notary Mala Mukti SH, LL.M,. Thus, the independence
and interests of shareholders can be maintained in
the voting process. The GMS Rules of Procedure and
a video of the e-Voting procedure at the GMS location
have been uploaded to the Company's website 28
(twenty-eight) days before the GMS and distributed to
shareholders upon entering the GMS room, and read by
the Corporate Secretary before the GMS begins.
1.2 All members of the Complied
Board of Directors All members of the Company's Board of Directors
and Board of and Board of Commissioners were present (either in
Commissioners of a person or via video conference) at the AGMS on March
Public Company are 25, 2025. The members of the Board of Directors and
present at the Annual Board of Commissioners who were present were able
GMS. to represent the Company in providing explanations to
shareholders regarding each agenda item of the AGMS,
ensuring its proper implementation.
1.3 A summary of the Complied
minutes of the GMS is The Company uploads the Summary of the Minutes
available on the Public of the GMS on the same day following the GMS to the
Company's website for Company's website. The Summary of the Minutes of
at least 1 (one) year. the GMS is available on the Company's website in both
Indonesian and English.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 385
Page 388
Aspect Principle Recommendation Explanation
Relationship Principle 2: 2.1 Public Companies have Complied
between Public Improving a communication policy The Company has a Communication Policy with
Companies and the Quality of with shareholders or Shareholders and Investors, which has been uploaded
Shareholders in Communication investors. to the Company's website.
Guaranteeing between Public The Company's communications include holding
Shareholder Rights Companies and General Meetings of Shareholders (GMS), Public
Shareholders or Exposes, Analyst Meetings, teleconferences/meetings/
Investors webinars with investors and analysts, Annual Rating
Reviews, publication of Monthly, Quarterly, and Annual
Financial Reports, and accurate and timely information
disclosure. The Company also provides head office and
branch addresses, email addresses, and telephone
numbers on both the website and the Annual
Report, as well as access to social media (Facebook,
X, Instagram, YouTube, LinkedIn, TikTok), and a
Contact Center to facilitate communication between
shareholders and investors.
2.2 The Public Company Complied
discloses the The Company's Communication with Shareholders and
Public Company's Investors Policy has been uploaded to the Company's
communication policy website.
with shareholders
or investors on the
Website.
Functions and Principle 3: 3.1 The number of Complied
Roles of the Board Strengthening members of the Board The Company has a Nomination Policy for Members
of Commissioners the Membership of Commissioners is of the Board of Commissioners, Directors, and
and Composition determined by taking Independent Parties as members of the Board of
of the Board of into account the Commissioners Committee as a guideline for the
Commissioners conditions of the Public Nomination and Remuneration Committee in the
Company. nomination process for members of the Company's
Board of Commissioners, taking into account the
Company's needs, conditions, and capabilities. At
the time of publication of this Annual Report, the
Company's Board of Commissioners consists of 5 (five)
members, of which 2 (two) (40%) are Independent
Commissioners. The number of members of the
Company's Board of Commissioners does not exceed
the number of members of the Board of Directors.
3.2 Determining the Complied
composition of the The Company's Board of Commissioners has diverse
members of the Board backgrounds in terms of expertise, knowledge,
of Commissioners experience, and citizenship, aimed at supporting the
takes into account Company's business development. This can be seen
the diversity of skills, from the profiles of each member of the Board of
knowledge and Commissioners.
experience required.
Principle 4: The 4.1 The Board of Complied
Functions and Roles Commissioners has The performance assessment policy for the Board of
of the Board of a self-assessment Commissioners and Committees within the Board of
Directors Improve policy to assess Commissioners is stipulated in the Nomination and
the Quality of the the performance Remuneration Committee Charter, which can be
Implementation of the Board of accessed through the Company's website and disclosed
of the Duties and Commissioners. in the Corporate Governance Report chapter of this
Responsibilities Annual Report, along with the assessment results.
of the Board of
Commissioners
4.2 The self-assessment Complied
policy for assessing The Board of Commissioners' performance
the performance assessment policy is stipulated in the Nomination and
of the Board of Remuneration Committee Charter and disclosed in the
Commissioners is Corporate Governance Report chapter of this Annual
disclosed in the Annual Report, along with the assessment results.
Report of the Public
Company.
4.3 The Board of Complied
Commissioners has a The Company's Board of Commissioners Charter
policy regarding the stipulates that any member of the Board of
resignation of members Commissioners involved in financial crimes and/or
of the Board of other criminal acts must resign from their positions.
Commissioners if they
are involved in financial
crimes.
386 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 389
Corporate
Governance
Aspect Principle Recommendation Explanation
Performance
Highlights
4.4 The Board of Complied
Commissioners or the The succession policy is stipulated in the Nomination
Committee that carries and Remuneration Committee Charter and the
out the Nomination Nomination Policy for Members of the Board Opening
and Remuneration of Commissioners, Directors, and Independent
function shall develop Parties as members of the Board of Commissioners
a succession policy for Committee, and is also disclosed in the Nomination and
the nomination process Remuneration Committee discussion in this Annual Management
Report
for members of the Report.
Board of Directors.
Functions and Principle 5: 5.1 The number of Complied Corporate
Profile
Roles of the Board Strengthening the members of the The Company has a Nomination Policy for Members
of Directors Membership and Board of Directors of the Board of Commissioners, Directors, and
Composition of the is determined by Independent Parties as members of the Board of
Board of Directors considering the Commissioners Committee as a guideline for the Management
Discussion
conditions of the Nomination and Remuneration Committee in the and Analysis
Public Company and nomination process for members of the Company's
the effectiveness of Board of Directors, taking into account the Company's
decision-making. financial condition and capabilities, as well as the Environmental
Company's organizational needs and complexity. At and Social
Responsibility
the time of publication of this Annual Report, the
Company's Board of Directors consists of 7 (seven)
members. The number of members of the Company's
Supporting
Board of Directors exceeds the number of members of Data
the Board of Commissioners.
5.2 The composition of Complied
the Board of Directors The Company's Board of Directors has diverse
takes into account the backgrounds in terms of expertise, knowledge, and
diversity of expertise, experience. This can be seen from the profiles of
knowledge, and each Director. This diversity and number of Directors
experience required. are necessary to provide the best problem-solving
alternatives for the Company, in accordance with the
needs, size, and complexity of the Company's business.
5.3 Members of the Board Complied
of Directors responsible The Company's Finance Director, who oversees
for accounting or accounting and finance, is Mr. Sylvanus Gani Kukuh
finance have expertise Mendrofa. He earned a Master of Management
and/or knowledge in degree from the Australian National University
accounting. (2015) and a Bachelor of Economics in Accounting
from the University of Indonesia (1998), and has held
various positions in Finance. Mr. Sylvanus Gani Kukuh
Mendrofa meets the criteria for having expertise and/or
knowledge in accounting and/or finance.
Prinsip 6: 6.1 The Board of Directors Complied
Meningkatkan has a self-assessment The Board of Directors' performance assessment policy
Kualitas Pelaksanaan policy to assess the is stipulated in the Nomination and Remuneration
Tugas dan Tanggung performance of the Committee Charter, which can be accessed through
Jawab Direksi Board of Directors. the Company's website.
6.2 The self-assessment Complied
policy to assess the The Board of Directors' performance assessment policy
performance of the is stipulated in the Appendix to the Nomination and
Board of Directors is Remuneration Committee Charter and disclosed in the
disclosed in the Public Corporate Governance Report chapter of this Annual
Company's annual Report, along with the results.
report.
6.3 The Board of Directors Complied
has a policy regarding The Company's Board of Directors Charter stipulates
the resignation of that any member of the Board of Directors involved in
members of the Board financial crimes and/or other criminal acts must resign
of Directors if they are from their positions.
involved in financial
crimes.
Partisipasi Prinsip 7: 7.1 The Public Company Complied
Pemangku Meningkatkan Aspek has a policy to prevent To prevent insider trading, the Company has a Conflict
Kepentingan Tata Kelola insider trading. of Interest Policy, which has been uploaded to the
Perusahaan Company's website.
melalui Partisipasi This policy aims to establish rules, identify, mitigate,
Pemangku and manage potential conflicts of interest that may
Kepentingan arise within the Company as a result of activities carried
out by the Company's business units that allow for
the acquisition of information about the Company, its
customers, and the Group.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 387
Page 390
Aspect Principle Recommendation Explanation
7.2 The Public Company Complied
has an anti-corruption The Company has an Anti-Corruption and Anti-Fraud
and anti-fraud policy. Policy, which has been uploaded to the Company's
website.
This policy is designed to provide information and
guidance to parties working for and on behalf of
the Company regarding procedures for recognizing,
avoiding, reporting, and handling bribery and
corruption issues.
Further details regarding the Anti-Bribery and
Corruption Policy and the Anti-Fraud Policy are
disclosed in this Annual Report.
7.3 The Public Company Complied
has a policy regarding The Company has a Goods and Services Procurement
the selection and Policy, which has been uploaded to the Company's
development of website and is further disclosed in this Annual Report.
suppliers or vendors. This policy also regulates relationships with business
partners (customers, suppliers, vendor partners, and
consultants working with the Company), including
anti-competition policies, objective evaluations,
a prohibition on gratuities, and provisions for
consultation and lobbying with business partners.
7.4 The Public Company Complied
has a policy for fulfilling The Company has a Creditor Rights Fulfillment Policy,
creditor rights. which has been uploaded to the Company's website
and further disclosed in this Annual Report.
This policy stipulates that the Company implements
and respects creditor rights by treating all creditors
equally, exercising rights and obligations in a timely
manner, and not disclosing any Company information.
7.5 The Public Company Complied
has a whistleblowing The Company has a Whistleblowing Policy, which has
system policy. been uploaded to the Company's website and is further
disclosed in this Annual Report.
7.6 The Public Company Complied
has a policy of The Company has a Risk-Based Remuneration Policy,
providing long-term which includes a policy of providing long-term
incentives to Directors incentives to Directors and employees.
and employees
Information Principle 8: 8.1 Publicly Listed Complied
Disclosure Improving the Companies utilize In addition to their websites, the Company also
Implementation information technology utilizes other information technologies such as email,
of Information more extensively radio, print media, social media (such as Facebook, X,
Disclosure than their websites Instagram, YouTube, LinkedIn, TikTok), and screens/TVs
as a medium for at branch offices as channels for information disclosure.
information disclosure Further details regarding Access to Company
Information and Data are disclosed in this Annual
Report.
8.2 The Public Company Complied
Annual Report discloses The Company does not have any shareholders with
the ultimate beneficial at least 5% ownership other than the controlling
owners of at least 5% shareholders as disclosed in the Company Profile
(five percent) of the chapter of this Annual Report.
Public Company's
shares, in addition
to disclosure of the
ultimate beneficial
owners of the Public
Company's shares
through major
and controlling
shareholders.
388 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 391
Corporate
Governance
Performance
Highlights
Opening
Management
Report
Corporate
Profile
Management
Discussion
and Analysis
Environmental
and Social
Responsibility
Supporting
Data
SHARIA GOVERNANCE REPORT
Adira Finance established a Adira Finance has a Sharia Business Unit (UUS)
established on May 8, 2012, in accordance with the
Sharia Business Unit (UUS) as a
Company's Board of Directors Decree Number 013/
manifestation of its commitment ADMF/BOD/V/12 and was reported to the Minister
to providing a variety of financing of Finance of the Republic of Indonesia on June 13,
2012, through the Company's letter Number 080/
products that are aligned with ADMF/CS/VI/12. Subsequently, on May 7, 2015, to
Sharia principles, while also comply with the provisions of Article 21 Paragraph (4)
of OJK Regulation No. 28/POJK.05/2014 concerning
offering alternative financial Business Licensing and Institutional Framework for
solutions that meet the needs of Financing Companies, the Company submitted an
application for a license to establish a sharia business
consumers and the community.
unit, for which the OJK subsequently issued Decree
of the OJK Board of Commissioners No. KEP-172/
NB.223/2015 concerning the Granting of License
for the Establishment of the Adira Finance Sharia
Business Unit.
Adira Finance established the UUS, among other
reasons, to provide product choices that align with
the needs of consumers and the community for
financing products based on Sharia principles.
The implementation of governance principles for the
Adira Finance UUS is guided, among others, by OJK
Regulation No. 30/POJK.05/2014 concerning Good
Corporate Governance for Financing Companies as
amended by OJK Regulation No. 29/POJK.05/2020,
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 389
Page 392
OJK Regulation No. 10/POJK.05/2019 concerning Sharia Supervisory Board
Business Operations of Sharia Financing Companies In accordance with Article 32 Paragraph 1 of OJK
and Sharia Business Units of Financing Companies, Regulation No. 30/POJK.05/2014 concerning Good
and OJK Regulation No. 47/POJK.05/2020 concerning Corporate Governance for Financing Companies,
Business Licensing and Institutional Framework financing companies operating their financing
for Financing Companies and Sharia Financing businesses based on Sharia principles must have a
Companies. Sharia Supervisory Board (DPS). The DPS consists
of one or more sharia experts appointed by the
Adira Finance Sharia Business Unit Structure GMS or by the recommendation of the National
Sharia Council of the Indonesian Ulema Council
(MUI) and outlined in the GMS deed. The Company's
Sharia Sharia Supervisory Board was appointed at the
Board of Directors Supervisory Extraordinary General Meeting of Shareholders
Board (GMS) held on September 4, 2012, after previously
receiving a recommendation from the National
Sharia Council (DSN) in accordance with Letter
Number U-173/DSN-MUI/IV/2012 dated April 26, 2012.
Head of Sharia The last change in the SSB membership was made
Business Unit at the Annual GMS held on June 30, 2021.
The composition of Adira Finance's Sharia Board consists of:
First
Name Position Reappointment Term of Office Ends
appointment
Prof. Dr. Fathurrahman Djamil MA Chairman 2012 2024 End of fiscal year 2026
Prof. Dr. Noor Achmad MA, DRS Member 2012 2024 End of fiscal year 2026
Dr. Rini Fatma Kartika MH Member 2021 2024 End of fiscal year 2026
The criteria for members of the Sharia Supervisory Board (DPS) are as stipulated in OJK Regulation Number 30/
POJK.05/2014 concerning Good Corporate Governance for Financing Companies:
1. Capable of acting in good faith, honestly, and professionally;
2. Capable of acting in the interests of the Sharia financing company, Sharia business unit (UUS), and/or other
stakeholders;
3. Prioritize the interests of the Sharia financing company, UUS, and/or other stakeholders over personal
interests;
4. Capable of making decisions based on independent and objective assessments in the interests of the Sharia
financing company, UUS, and/or other stakeholders;
5. Capable of refraining from abusing their authority to obtain improper personal gain or causing harm to the
Sharia financing company and UUS.
Each member of the DPS is required to pass a fit and proper test.
The following is the status of the members of the Adira Finance DPS passing the Fit and Proper Test as of the
date of publication of this Annual Report:
Fit and Proper Test
Name Information
Passing Date
Prof. Dr. Fathurrahman Djamil MA May 5, 2014 Determined based on the Decree of the OJK Board
of Commissioners No. KEP-950/NB.1/2014
Prof. Dr. Noor Achmad MA, DRS April 29, 2014 Established based on the Decree of the OJK Board of
Commissioners No. KEP-824/NB.1/2014
Dr. Rini Fatma Kartika MH September 14, 2024 Established based on the Decree of the OJK Board of
Commissioners No. KEP-53/NB.21/2021
390 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 393
Corporate
Governance
Main Duties and Functions of the Sharia 5. In the event that the Board of Directors rejects
Performance
Supervisory Board (DPS) the DPS's assessment, the DPS is obliged to Highlights
The main duties and functions of the DPS, in report it completely and comprehensively to the
accordance with the provisions of Article 17 of the OJK, with a copy to the Board of Directors, no
Opening
Company’s Articles of Association, are as follows: later than 7 (seven) working days from the receipt
• To serve as a representative of the National Sharia of the explanation from the Board of Directors
Board placed at the Company; member by the DPS. Management
Report
• Tasked with supervising the Company’s sharia
business activities to ensure compliance with Work Program
Corporate
Sharia Principles; 1. DPS meetings at least twice a year to discuss Profile
• To function as an advisor and provide monthly sharia financing reports, sharia
recommendations to the Board of Directors, compliance discussions, and new products. Management
the Head of the Sharia Business Unit, and the 2. Prepare a 6-monthly DPS Supervisory Report for Discussion
and Analysis
Heads of the Company’s Sharia Branch Offices the Board of Directors, Board of Commissioners,
regarding matters related to Sharia Principles; and DSN-MUI.
Environmental
and 3. Maintain communication with the DSN-MUI. and Social
Responsibility
• To function as a mediator between the Company
and the National Sharia Board in communicating Work Program Realization
Supporting
proposals and suggestions for the development 1. DPS meetings have been held 10 (ten) times each Data
of the Company’s products and services that month.
require review and a fatwa from the National 2. The DPS Supervision Report for the 2025 period
Sharia Board. was submitted to the Financial Services Authority
(OJK) on February 18, 2025.
Obligations 3. Conducted evaluations of compliance with Sharia
In carrying out its functions, the Sharia Supervisory principles, which include, among others:
Board is obliged to: a. Funding Activities;
1. Follow the fatwas of the National Sharia Board; b. Sharia Financing;
2. Report on the business activities and development c. Evaluation of Operational procedures;
of the Company's Sharia Business Unit to the d. Marketing practices for sharia financing
Minister of Finance of the Republic of Indonesia carried out by the Company; and
through the Chairman of the Capital Market and e. Implementation of accounting.
Financial Institution Supervisory Agency, with 4. Participated in routine meetings with the DSN-
copies to Bank Indonesia and the National Sharia MUI every first Wednesday of the month and
Board - Indonesian Ulema Council; other non-routine meetings.
3. Every representative of the National Sharia Board
placed at the Company must, in good faith, with Concurrent Positions of DPS Members
prudence, and full responsibility, carry out their In accordance with the provisions of OJK Regulation
duties for the benefit of the Company and in Number 30/POJK.05/2014 concerning Good
accordance with the aims and objectives of the Corporate Governance for Financing Companies,
Company, while observing the provisions of laws DPS members:
and regulations and the fatwas of the National 1. Are prohibited from holding concurrent positions
Sharia Board; as members of the Board of Directors or Board of
4. In the event that the DPS assesses that there is Commissioners in other financing companies.
a policy or action of a member of the Board of 2. Are prohibited from holding concurrent positions
Directors related to the Sharia Business Unit that as members of the Sharia Supervisory Board in
is not in accordance with sharia principles, the more than 2 (two) other financing companies.
DPS is obliged to request an explanation from the
member of the Board of Directors regarding the
policy or action of the Board of Directors member
that is not in accordance with sharia principles;
Based on the data we have, the concurrent positions held by Adira Finance DPS members are as follows:
Name Position in Other Company Company
Prof. Dr. Fathurrachman Djamil MA Head of DPS Bank BCA Syariah
Sun Life Financial Syariah
AIA Financial Syariah
Bank CIMB Niaga
Prof. Dr. Noor Achmad MA, DRS Member of DPS -
Dr. Rini Fatma Kartika MH Member of DPS Sun Life Financial Syariah
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 391
Page 394
Based on the above data, it can be concluded that contract to which the Company is a party must
all members of the Adira Finance Supervisory Board declare the nature of their interest at a SSB meeting
(DPS) have not violated the provisions on holding and is not entitled to vote on matters related to the
concurrent positions as stipulated in the Regulations transaction or contract, unless the SSB meeting
of the Chairman of Bapepam-LK and Bank Indonesia. determines otherwise. The results of these meeting
decisions are recorded in the Minutes of Meeting,
DPS Meetings fully documented, and submitted to the Head of the
DPS meetings may be held at least twice a year, Sharia Business Unit and the Company's Board of
unless deemed necessary by one DPS member or at Directors for implementation.
the request of the Head of the Sharia Business Unit.
A SSB meeting is only valid and may make binding During 2025, DPS held 10 (ten) meetings, with an
decisions if more than half of the total number of average attendance rate of over 93%. This attendance
DPS members are present. rate demonstrates the high level of commitment of
all members of the Company's Sharia Supervisory
DPS meeting decisions must be made by Board. All meetings were also attended by the Board
deliberation to reach consensus. Any SSB member of Directors and the Head of the Company's Sharia
who personally, in any way, directly or indirectly, has Business Unit.
an interest in a transaction, contract, or proposed
The attendance list for the DPS Meeting during 2025 is as follows:
21- 25- 18- 20- 24- 29- 19- 23- 21- 18- 16-
Name Jan- Feb- Mar- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec-
25 25 25 25 25 25 25 25 25 25 25
Prof. Dr. Fathurrahman Djamil MA √ √ √ √ √ √ √ √ √ √ √
Prof. Dr. Noor Achmad MA, DRS √ √ √ √ √ √ √ √ √ √ √
Dr. Rini Fatma Kartika MH √ √ √ √ √ √ √ √ √ √ √
The number of attendances of members of the Sharia Supervisory Board at DPS Meetings during 2025 is as
follows:
Number of Number of %
Name Reason for Absence
Meetings Attendance Attendance
Prof. Dr. Fathurrahman Djamil MA 10 8 80% Illness
Prof. Dr. Noor Achmad MA, DRS 10 10 100% -
Dr. Rini Fatma Kartika MH 10 10 100% -
DPS Meeting Results
The 2025 DPS Meeting resulted in several decisions and approvals, including the following:
No. Date Venue Results of the Meeting Participants
1. 21 January 2025 Virtual meeting Financial Report and Sharia Performance DPS
Board of Directors
Sharia
Accounting
2. 25 February 2025 Virtual meeting Financial Report and Sharia Performance DPS
Board of Directors
Sharia
Accounting
3. 18 March 2025 Virtual meeting Financial Report and Sharia Performance DPS
Board of Directors
Sharia
Accounting
392 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 395
Corporate
Governance
No. Date Venue Results of the Meeting Participants
Performance
Highlights
4. 20 May 2025 Virtual meeting Financial Report and Sharia Performance DPS
Board of Directors
Sharia
Accounting Opening
5. 24 June 2025 Virtual meeting Financial Report and Sharia Performance DPS
Board of Directors
Management
Sharia Report
Accounting
6. 29 July 2025 Virtual meeting Financial Report and Sharia Performance DPS Corporate
Board of Directors Profile
Sharia
Accounting
Management
7. 19 August 2025 Virtual meeting Financial Report and Sharia Performance DPS Discussion
and Analysis
Board of Directors
Sharia
Accounting
Environmental
and Social
8. 23 September Virtual meeting Financial Report and Sharia Performance DPS Responsibility
2025 Board of Directors
Sharia
Accounting Supporting
Data
9. 21 October 2025 Virtual meeting Financial Report and Sharia Performance DPS
Board of Directors
Sharia
Accounting
10. 18 November Virtual meeting Financial Report and Sharia Performance DPS
2025 Board of Directors
Sharia
Accounting
11. 16 December Virtual meeting Laporan Keuangan dan performance syariah DPS
2025 Direksi
Syariah
Accounting
Opinions issued by DPS throughout 2025:
No. Date Opinion Number Opinion
1 15 April 2025 001/OPINI-DPS/SYAR/IV/2025 Financing the Umrah pilgrimage trip (Umrah financing)
using the Multijasa Ijarah Agreement
2 15 April 2025 002/OPINI-DPS/SYAR/IV/2025 Financing using the Musyarakah Mutanaqisah
Agreement (MMQ)
3 7 May 2025 003/OPINI-DPS/SYAR/V/2025 Unsecured Fund Loans – Earned Wages Access (EWA)
Supervisory Board Remuneration Policy DPS Remuneration Procedure
The remuneration of Adira Finance's Supervisory The compensation mechanism for DPS members is
Board members is guided by the provisions of the determined as follows:
Company's Articles of Association. • The Company's Nomination and Remuneration
Committee reviews the market compensation for
The remuneration structure for Adira Finance's the relevant job at other companies with similar
Supervisory Board members consists of: business fields and status.
1. Honorarium, which is paid monthly in an amount • Taking into account individual performance and
determined by the resolution of the Company's contributions, the Nomination and Remuneration
Annual General Meeting of Shareholders, taking Committee then discusses the matter and
into account the recommendations of the prepares a recommendation.
Nomination and Remuneration Committee.
2. Allowances:
a. Tax allowance, which is paid monthly along
with the honorarium payment.
b. Holiday allowance, which is paid before Eid al-
Fitr in the amount of one month's honorarium.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 393
Page 396
• The recommendation is submitted to the Board • Based on the proposal from the Board of
of Commissioners for further discussion and Commissioners and the recommendation from
approval. the Nomination and Remuneration Committee,
• The proposed remuneration for members of the Annual General Meeting of Shareholders
the Board of Commissioners is submitted to held on March 25, 2025, determined that the
shareholders for discussion and approval at the determination of the salary or honorarium
Annual General Meeting of Shareholders. and allowances paid to members of the DPS is
delegated to the Board of Commissioners in
accordance with the recommendation of the
Nomination and Remuneration Committee.
The details of the remuneration paid to the Company's Board of Commissioners from 2020 until the end of the
2025 financial year are as follows:
(In Millions of Rupiah, except Number of Members)
Total Member of DPS DPS Remuneration Amount
Types of Remuneration
2025 2024 2023 2022 2021 2025 2024 2023 2022 2021
Honorarium 3 3 3 3 3 621 600 575 518 562
Allowance 3 3 3 3 3 254 327 570 227 255
Total 6 6 6 6 6 875 927 743 721 689
Amount of Remuneration/person in Product and Development Committee
Number of DPS
1 year The Company established a Product Committee on
Above IDR2 billion - March 4, 2019, with the following membership:
Above IDR1 billion – IDR2 billion -
Chairman: Head of SBU
Above IDR500 million – IDR1 billion - Member: Head of Business Development Division
Below IDR 500 million 3 Member: Head of Credit Division
Member: Head of Accounting Division
Member: Head of Risk Management Division
Head of Sharia Business Unit Member: Head of Compliance Division
The current Head of the Sharia Business Unit at Adira
Finance is Yusron, who was appointed based on The Chair of the Product and Development
Board of Directors Decree Number 024/ADMF/BOD/ Committee for Sharia Business Activities reports to
IX/18 dated September 18, 2018, and was reported to the President Director.
the Financial Services Authority (OJK) on September
25, 2018. The Product and Development Committee for Sharia
Business Activities has the following duties and
Duties and Responsibilities of the Head of the Sharia functions:
Business Unit at Adira Finance: 1. conducting studies and analysis of new product
1. Manage and administer the Adira Finance developments or business activities to be
Sharia business unit in accordance with sharia implemented or marketed;
principles, prudent principles, and applicable 2. evaluating and improving each product or
laws and regulations. business activity;
2. Ensure that Good Corporate Governance 3. providing recommendations, suggestions, input,
principles are implemented at all levels of the and evaluations regarding marketing aspects,
organization. compliance with Sharia principles, and risk
3. Follow up on all recommendations from the mitigation; and
Sharia Supervisory Board (SPS), the Board of 4. formulating and proposing monthly and annual
Directors, authorized parties, the Internal Audit performance achievements for business activities
Unit, and external auditors. based on Sharia Principles.
394 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 397
Corporate
Governance
Throughout 2025, the Product and Development Committee for Sharia Business Activities will hold two
Performance
meetings. The 2025 Sharia Business Product and Development Committee Meeting include the following: Highlights
No. Date Venue Meeting Results Participant Opening
1. August 28, Online via Establishing governance for piloting retail Umrah products - Syariah
2025 teams without collateral - Product Development
- Risk Management
- Compliance Report
- Credit
2 September Offline - Discussion of MMQ and Umrah contracts without collateral - Syariah Corporate
22, 2025 MCC - Product Development Profile
- Risk
- Compliance
Management
Discussion
and Analysis
Transparency of Financial and Non-Financial Conditions
List of Consultants and Advisors
Environmental
No. Name Field and Social
Responsibility
1. - -
Supporting
Data
During 2025, no consultants or advisors collaborated with the Adira Finance Sharia Business Unit.
Number of Internal Fraud Cases & Resolution Efforts
Based on Company data, as of December 31, 2025, no internal fraud/deviations or violations of Sharia compliance
were identified.
Legal Issues
There were no legal issues, either criminal or civil, involving the Adira Finance Sharia Business Unit throughout
2025.
Pendapatan Non-Halal dan Penggunaannya
Non-halal revenue throughout 2025:
Revenue: IDR9,142,476,798
Utilization:IDR 14,231,836,107
Funding Distribution for Social Activities
The details of funding distribution for social activities during 2025 are as follows:
Nominal
No Field
(IDR)
1 Economics 2,609,372,644
2 Health 983,433,010
3 Education 1,704,340,442
4 Social 8,934,690,011
Total 14,231,836,107
Core Debtors
Nominal Amount
No. Funding Provision Number of Parties
(Millions of IDR)
To core Sharia customers
a. Individuals
b. Groups
Adira Finance Sharia Business Unit Governance Self-Assessment Results 2025
Rating
No. Assessment Factor
Individual Consolidated *
1. Good Corporate Governance Rating 1 -
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 395
Page 398
05 CORPORATE SOCIAL RESPONSIBILITY
Page 399
Page 400
Table of Contents Sustainability Strategy 399 About This Report 407 Social Responsibility in the Field of Community 411 Development Social Responsibility in the Fields of Labour Practices and 420 Occupational Health and Safety Environmental Social Responsibility 428 Social Responsibility to Consumers 436 IT: Business Development Strategy 444 Testimonials for Adira Finance 446
Page 401
Environmental
and Social
Responsibility
Performance
Highlights
Opening
Management
Report
Corporate
Profile
Management
Discussion
and Analysis
Corporate
Governance
Supporting
Data
SUSTAINABILITY STRATEGY
The year 2025 marks a pivotal step SUSTAINABILITY ASPECT MANAGEMENT [GRI 2-12]
[GRI 2-14]
for Adira Finance in strengthening
Amid business challenges and dynamic economic
its sustainability foundations amid shifts throughout 2025, Adira Finance has continued
ongoing economic transformation. to reinforce its commitment to balancing economic
growth, social responsibility, and environmental
We are committed to fostering stewardship. For us, sustainability is not merely
growth that is inclusive, a regulatory obligation or a passing trend, but a
core value that shapes our strategic direction and
innovative, and responsible for all corporate culture.
stakeholders.
Through the implementation of the Sustainable
Finance Action Plan (RAKB) in accordance with
OJK regulations, we ensure that every business
initiative contributes to stakeholder welfare and
supports the national sustainable development
agenda. Environmental, Social, and Governance
(ESG) principles are embedded across all business
processes, positioning sustainability as an integral
component of strategic decision-making rather
than a supplementary initiative.
To ensure effective execution, the Board of Directors
works closely with the Sustainability Team to
coordinate cross-divisional synergy. A transparent
and prudent governance approach is applied in every
financing assessment and disbursement process
to ensure alignment with sustainability objectives.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 399
Page 402
Underpinning all these initiatives is a strong spirit support sustainability. This principle aims to maintain
of collaboration, innovation, and team dedication— objectivity and accountability in the strategic
driving us to grow alongside our stakeholders toward decision-making process, while ensuring that every
a more inclusive and sustainable future. decision aligns with the company’s sustainability
vision and has a positive impact on stakeholders and
DUTIES AND RESPONSIBILITIES FOR the wider community.
SUSTAINABILITY [SEOJK E.1][GRI 2-13]
The key to the successful implementation of
sustainability commitments at Adira Finance lies in Monitoring and evaluation of the implementation
a clear division of duties and responsibilities across of the Sustainable Finance Action Plan (RAKB) is
the organization. The Directors of Marketing, HCGA, conducted quarterly by the Corporate Secretary,
CREM & Corpu, Portfolio Director, and Deputy Director Risk Management, Credit, Compliance & AML, and
– Head of Credit, Risk Management, along with their the Sustainability Team. This team is tasked with
subordinate teams, play a crucial role in ensuring reviewing program implementation, assessing the
that sustainability principles are integrated into effectiveness of initiatives, and identifying areas for
every policy, business process, and risk management improvement. If any RAKB targets are not achieved
process. This collaboration forms the foundation for on schedule, the company will immediately take
a balance between business performance, social follow-up action by:
responsibility, and environmental awareness. a. Adjusting performance indicators and program
targets for the following year; and
Activities related to managing impacts, risks, and b. Revising or refining the action plan to ensure it
opportunities in social and environmental aspects remains relevant to business conditions and the
are carried out by various divisions under different strategic direction of sustainability.
directorates. To ensure effective implementation
and oversight, Adira Finance applies the “four eyes” The following are the Responsible Units and Persons
principle, particularly in lending to businesses that responsible for Monitoring and Evaluation of the
Sustainable Finance Action Plan: [GRI 2-12]
Activities Unit in Charge PIC
Monitoring the preparation of the Sustainability Corporate Secretary Head of Corporate Secretary
Report.
Monitoring the implementation of the sustainable Human Capital & General Head of Culture & HSE
financial action program Affair
Monitoring the Implementation of Internal Education Corporate University Head of Corporate
University
Monitoring the Realization of Corporate Social · Brand & Corporate · Head of Brand & Corporate
Responsibility Communication, Communication;
· Human Capital & General · Head of Human Capital &
Affair, General Affair;
· Unit Usaha Syariah · Head of Syariah.
Monitoring Workplace Management Implementation Human Capital & General Head of Human Capital &
Affair General Affair
Monitoring Credit Disbursement to Sustainable Risk Management · Head of Credit
Business Activities · Head of Risk
· Head of Marketing
Monitoring Credit Risk Profiles Risk Management Head of Credit dan Head
of Risk
Sampling Compliance Tests for Credit Disbursement · Risk Management · Head of Risk
to Sustainable Business Activities · Compliance & AML · Head of Compliance
Evaluation of the Sustainable Finance Action Program Sustainability Working Group Sustainability Working Group
Coordinator
400 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 403
Environmental
and Social
Responsibility
SUSTAINABLE FINANCE COMPETENCY Through Environmental, Social, and Governance
Performance
DEVELOPMENT [SEOJK E.1][GRI 2-17] (ESG) training, workshops, and education for Highlights
In 2025, Adira Finance strengthened its human the Board of Commissioners, Board of Directors,
resource capacity in the field of sustainable finance management, and employees, we build a shared
Opening
as part of its responsible business transformation. understanding of social and environmental risks
We believe that adequate competence at all levels and sustainable business opportunities. This
of the organization was key to effectively integrating effort supports the national commitment to the Management
Report
sustainability principles. Sustainable Development Goals (SDGs) and the 2060
Net Zero Emissions target, while ensuring that every
Corporate
Adira Finance employee is able to play an active role Profile
in realizing a responsible financing ecosystem.
Management
Discussion
and Analysis
The process for developing employee competency in managing social and environmental risks includes: [GRI
FS4]
Corporate
Governance
Activities Date Venue Participant
Scope 1 and Scope 2 Emissions Reporting Training July 3, 2025 Online (Microsoft Teams) 100 employees
Financial Literacy – Financial Planning Monthly (Jan - Dec) Online 9,333 employees Supporting
Data
Sustainable Finance Awareness Monthly (Jan - Dec) Online 3,041 employees
ADIRA FINANCE SUSTAINABILITY STRATEGY [SEOJK A.1][GRI 2-22][GRI 2-23][GRI 2-24]
In facing economic dynamics and industry transformation in 2025, Adira Finance continues to strengthen its
commitment to balancing business growth with social and environmental responsibility. We recognize that
sustainability is not merely an obligation, but a core value that guides the company’s strategic direction and
decision-making.
Through the implementation of the Sustainable Finance Action Plan (RAKB), Adira Finance ensures that
Environmental, Social, and Governance (ESG) principles are integrated into every aspect of its operations. This
approach not only strengthens business resilience amidst market and regulatory changes but also drives the
creation of long-term value for all stakeholders.
The RAKB serves as a strategic guide in conducting business activities oriented towards positive impacts on
society and the environment. Through five main pillars encompassing governance, internal capacity building,
sustainable financing, responsible workplace management, and the implementation of social responsibility,
we continuously strive to strengthen sustainability practices that are measurable and relevant to business
needs.
Adira Finance also applies the Sustainability Accounting Standards Board (SASB) standards for the Consumer
Finance sector, with a focus on data security, customer privacy, and responsible financing. This step supports
transparency and increases stakeholder trust in our sustainability practices. As a form of accountability and
continuous improvement, we periodically monitor the implementation of the RAKB through measurable
indicators and targets.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 401
Page 404
How We Do It [GRI 3-2] [GRI 3-2] [SEOJK F.1]
Focus Area and Success Indicators
Target 2025 Achievement 2025
Commitment 2025-2029
Governance and • Publish an annual 1. Publish the 2024 1. The Company published the
Processes Sustainability Report. Sustainability Report as an 2024 Sustainability Report as an
integral part of the 2024 integral part of the 2024 Annual
Establishing Annual Report. Report on March 3, 2025.
governance and 2. Prepare the 2025 2. The Company prepared the
processes to establish Sustainability Report as an 2025 Sustainability Report as an
a Sustainable Finance integral part of the 2025 integral part of the 2025 Annual
function at ADIRA Annual Report. Report to be submitted on March
Finance 13, 2026.
Internal Capacity • Building employee Implementation of • Conducted environmental
Development awareness of environmental education webinars on emission reduction
Adira Finance's and campaign programs for and reporting of Scope 1 and
Developing internal commitment to employees, consumers and Scope 2 Greenhouse Gas (GHG)
capacity implementing the general public through emissions for employees.
Sustainable Finance various media and activities. • Organized Literacy Corners
and providing training (Sayang Bumiku Booths) in
in stages throughout more than 10 locations across
2025-2029 on the region to educate and raise
sustainability topics, environmental awareness.
Sustainable Finance • Created regular campaigns
knowledge and through e-flyers or reels on
industry learning. the Sayang Bumiku Instagram
account as an environmental
education medium for
consumers and the general
public, as well as on the Adiraku
customer app.
Sustainable Financing • Provide financing • Online financial literacy • The online financial literacy
& Financial Literacy support for webinars were held, with webinars were held in four
consumers whose participants covering segments (MSMEs, general
Designing sustainable activities are related four of the ten segments employees, the general public,
financing programs to sustainable regulated by the Financial and people with disabilities), with
and increasing financial businesses. Services Authority (OJK). a total of 226 online participants.
literacy and inclusion • Financial Literacy • Distribution of financial • 525 books were distributed to
activities to support and Financial literacy books to the 3T the 3T (Underdeveloped and
national development. Inclusion Programs in (underdeveloped) regions Disadvantaged Regions) in
accordance with OJK regulated by the OJK. Maumere, Kupang, Ternate,
regulations. • Offline financial literacy Sorong, Ambon, and Jayapura.
seminars were held in • The offline financial literacy
schools by financial seminars were held in 11 regions,
literacy agents in each with 532 participants attending.
region.
402 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 405
Environmental
and Social
Responsibility
Focus Area and Success Indicators
Target 2025 Achievement 2025
Commitment 2025-2029 Performance
Highlights
Responsible Workplace • Increase energy • Improve energy efficiency • The Company has installed VRF
Management efficiency and reduce at company operational as an energy efficiency measure
carbon emissions sites by optimizing through a cooling system tailored Opening
Upholding through the use of environmentally friendly to the room requirements at
environmental renewable energy, technologies. Grha Adira Jabar (Bandung) and
standards in the environmentally • Support environmental Grha Adira BNT (Bali). Management
utilization or use of friendly technology, conservation efforts and • The Company has installed solar Report
natural resources and environmental more efficient resource panels at Grha Adira BNT (Bali) to
by designing a conservation efforts. use. save electricity at its operational
responsible workplace • Support the company's sites. Corporate
Profile
management program. commitment to greater • The Company has installed
sustainability and the SPKLU (Storage Fuel Supply)
achievement of Net Zero to support the use of electric Management
Emissions (NZE) targets. vehicles as an effort to reduce Discussion
and Analysis
carbon emissions at Adira Expo
Alam Sutera and Grha Adira BNT,
Bali.
• The Company has planted 4,050 Corporate
Governance
mangrove seedlings and 2,000
strong-rooted tree seedlings as
an environmental conservation
effort. Supporting
Data
• The Company has purchased
14,300 Renewable Energy
Certificates (RECs) and retired
1,355 carbon credits as part of the
transition to Net Zero Emissions
(NZE).
Implementation of • Participate in and • Support the improvement • The Company distributed
Corporate Social provide support for of social and humanitarian disaster relief to various disaster-
Responsibility Corporate Social welfare in the community affected areas in Indonesia,
Responsibility through the distribution of including basic food packages,
Contributing to programs, which disaster relief and targeted daily necessities, and other needs
improving the welfare include: social activities. tailored to the conditions at the
of the surrounding a. Community and • Contribute to improving affected locations, with a total aid
community by cultural activities, the quality of education by value of Rp1.04 billion.
designing Corporate such as the Local providing infrastructure • The Company provided 18 server
Social Responsibility Creative Festival; and scholarships for units to seven schools in the
programs. b. Environmental students. Jakarta area to support students'
preservation • Promote social awareness learning needs.
activities in and public health through • The Company distributed
the Company's humanitarian activities educational scholarships to
operational areas; such as blood donations the Karya Salemba Empat
c. Rapid disaster and charitable giving. Foundation worth Rp194,659,200
response and for 20 students.
assistance to • The Company held a blood drive
disaster victims; for Gardira, donating a total of
d. Education and 217 blood bags to the Indonesian
Health. Red Cross (PMI).
• The Company provided
assistance to 200 orphans at four
FPR locations and 100 orphans
at the At-Thohir Mosque in
commemoration of Adira's 35th
anniversary.
Adira Finance Sustainable Finance Committee Organizational Structure [GRI 2-14]
Adira Finance implements structured sustainability governance through cross-functional coordination under
the direction of the Board of Directors and the supervision of the Board of Commissioners. The Board of
Directors is responsible for integrating sustainable finance principles into business strategy, ensuring effective
management of social and environmental risks, and periodically reviewing the achievements of the Sustainable
Finance Action Plan (RAKB).
The Board of Commissioners reviews and evaluates sustainability policies and implementation to ensure
alignment with Environmental, Social, and Governance (ESG) principles as well as national policy direction.
Through a quarterly monitoring mechanism, the effectiveness of risk management and sustainability
performance is continuously evaluated to maintain transparency, accountability, and continuous improvement
across all of the company’s business processes.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 403
Page 406
Sustainability Head
Swandajani Gunadi
Harry Latif
Sigit Hendra Gunawan
SF Product Sustainability
CSR Sustainability Operation
Specialist Governance & Reporting
Stakeholder Engagement [GRI 3-1][GRI 3-2]
Adira Finance believes that sustainability can only be achieved through meaningful and continuous
collaboration with all stakeholders. This engagement serves as the primary foundation for the preparation of
the Sustainability Report and the implementation of the Sustainable Finance Action Plan (RAKB) each year.
We are committed to maintaining open and transparent communication with customers, employees,
shareholders, regulators, business partners, and the community. Through ongoing dialogue, Adira Finance
seeks to understand the expectations, challenges, and opportunities arising from various parties, so that the
sustainability strategies developed can address real needs on the ground while simultaneously supporting
sustainable development goals.
Based on the principles of Inclusivity, Materiality, and Responsiveness, Adira Finance ensures that all input
from stakeholders is taken into consideration in strategic decision-making
Inklusivity Materiality Responsive
Engage stakeholders who have a direct Identify and prioritize the most Follow up on the results of issue
or indirect interest in the company’s relevant issues that have a significant identification and stakeholder input
business activities.. impact on the business and society. with concrete and measurable actions.
As part of this process, Adira Finance actively interacts through various communication channels, such as the
Investor Newsletter, analyst meetings, conference calls, as well as forums with regulators and business partners.
This process helps the company in determining sustainability priorities that are aligned with stakeholder needs
and global challenges.
Each material topic arising from this engagement process is then managed through measurable policies and
programs, accompanied by regular monitoring of the effectiveness of their implementation. The results of the
annual evaluation serve as the basis for enhancing Adira Finance’s sustainability strategy in subsequent years.
404 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 407
Environmental
and Social
Responsibility
Stakeholder Identification [SEOJK E.4][GRI 2-29]
Performance
Highlights
Key Topics and Approach
Stakeholders Stakeholder
Needs Engagement Method Goal Frequency
Opening
Shareholders and Kinerja Ekonomi • Public Expose Presenting Company • At least once a year
Investors Economic • General Meeting of Performance for Public Expose,
Performance Shareholders GMS, and Annual and
Management
• Annual and Sustainability Reports Report
Sustainability Report • Investor meetings
• Investor Meeting are held at least once
a month. In 2020, 23 Corporate
Profile
investor meetings
were held.
Management
Discussion
and Analysis
Business Partners Meet Regularly • Maintain Good At least once every
Relationships quarter
• Joint Marketing
Activities Corporate
Governance
Government and Regulation & • Reporting Maintaining good Planned regularly Supporting
Regulators Compliance • Licensing / Permits relationships Data
• Consulting
Employees • Involvement • Meetings, training, • Improving employee • Planned regularly
and and education competency and • Once a year
competency • Employee satisfaction knowledge
development survey • Providing a platform
• Employee for employees to
engagement provide input to the
and satisfaction company
with the
company
Consumers • Providing customer • Responding • Branch office services
service through to requests for are available during
branch offices, call information, providing business days and
centers, WhatsApp required services, or hours.
chat, email, and social receiving complaints • Services via call
media • Financial literacy center, email,
• Customer Gathering education, products, WhatsApp chat, and
• Adira Finance's official and services social media are
social media • Providing information available 24/7
• Customer Satisfaction and education about • Conducted at the
Survey finance, products, and branch office level as
services needed
• Receiving questions • Information and
or complaints from educational materials
consumers or the are posted no later
public than once every three
• Surveys are days
conducted to monitor • Questions and
customer satisfaction complaints are
responded to within
24 hours.
• Customer satisfaction
surveys are conducted
once a year
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 405
Page 408
Key Topics and Approach
Stakeholders Stakeholder
Needs Engagement Method Goal Frequency
Non- CSR Programs Maintaining good As needed
Governmental relationships
Organizations
(NGOs)
Communities • Adira Finance's CSR Providing support Planned regularly every
Program for Indonesia to the Company's year, at least once per
• Community Meetings ecosystem, communities, year for each activity.
• Community Visits and surrounding
• Face-to-face communities in
Interactions developing and
improving their standard
of living.
Media • Media Updates Provides updates on • Planned regularly,
• Partnerships programs and activities, quarterly and
• Press Releases as well as company annually (Media
• Media Visits performance. Updates, Media Visits)
• Press Conferences • Planned based on the
company's programs
(Partnerships, Press
Releases, Press
Conferences)
Industry • Industry • Meetings • Get the latest Planned regularly
Association Performance • Gatherings information on
• Industry- industry conditions
Related • Become a forum to
Regulations convey aspirations to
regulators
406 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 409
Environmental
and Social
Responsibility
Performance
Highlights
Opening
Management
Report
Corporate
Profile
Management
Discussion
and Analysis
Corporate
Governance
Supporting
Data
ABOUT THIS REPORT
This Sustainability Report reflects As a demonstration of its continued commitment
to implementing sustainability principles, Adira
Adira Finance’s commitment to
Finance has once again published its 2025
conducting business responsibly Sustainability Report. This report presents our
and with a long-term orientation. sustainability performance across economic, social,
and environmental aspects, while also outlining the
Through the implementation strategies and policies that underpin the Company’s
of Environmental, Social, and sustainable initiatives.
Governance (ESG) principles, The preparation of this report also complies
we continuously strive to with POJK No. 51/POJK.03/2017 concerning the
Implementation of Sustainable Finance for Financial
create sustainable value for our
Services Institutions, Issuers, and Public Companies.
customers, communities, and the We are committed to publishing this report
environment. annually as a demonstration of our transparency
and responsibility in supporting the Sustainable
Development Goals (SDGs).
This report covers the period from January 1 to
December 31, 2025, and contains information that
reflects our sustainability performance, initiatives,
and the outcomes of our sustainability activities
throughout the reporting period.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 407
Page 410
During the 2025 reporting period, there were no not yet conducted independent assurance on the
significant changes to Adira Finance’s organizational environmental, social, and governance (ESG) data
structure, ownership, operational principles, or and information disclosed in this Sustainability
reporting scope. The company continues to operate Report. Therefore, although an external assurance
with the same business model as the previous year. process for sustainability aspects has not yet been
Furthermore, there are no restatements of data or conducted, the Company maintains the quality of
information from the previous year’s sustainability the report through a multi-layered and transparent
report. With respect to the data disclosed in the internal control and assurance system. [SEOJK G.1][GRI
previous report, a restatement has been made to 2-5]
certain 2024 figures, particularly those related to
Scope 1 and Scope 2 emissions as well as electricity Determining Materiality: Topics Most Important
consumption. This adjustment was carried out as to Our Stakeholders [GRI 3-1]
part of updates to the calculation methodology We understand that a sustainability report will only
and enhancements to the data collection and be meaningful if its content is relevant to the needs
consolidation processes. [SEOJK C.6][GRI 2-2][GRI 2-4] of our stakeholders. Therefore, in preparing the 2025
Sustainability Report, Adira Finance identified and
Technical Reporting Standards evaluated material topics by referring to the SASB
The 2025 Sustainability Report has been prepared Consumer Finance Standards and GRI Standards.
in accordance with the GRI Standards and aligned
with the provisions of POJK No. 51/POJK.03/2017 This process considers three main principles:
concerning the implementation of sustainable • Global Applicability (global relevance)
finance for financial services institutions and public • Financial Materiality (financial impact)
companies. In determining the material topics, • Industry-Specific Standard Setting (appropriate
we also referred to the Sustainability Accounting to the multifinance industry context)
Standards Board (SASB) Standards for the Consumer
Finance industry sector. To facilitate readers, this Through this process, we identified eight material
report is complemented by a cross-reference index topics that reflect the most important issues for
between the GRI Standards and POJK requirements, the company and its stakeholders, such as financial
which can be found in a dedicated section at the end performance, financial literacy, social responsibility,
of the report. [GRI 2-3] [GRI 2-4] and customer data security.
Ensuring Report Credibility In managing each of these material topics, Adira
In the 2025 reporting year, Adira Finance did not Finance implements specific policies, procedures,
obtain external verification of this Sustainability and programs according to their characteristics and
Report by an independent party. Nevertheless, all impact on the business and stakeholders. We ensure
data and information presented have undergone a that each material issue is monitored through the
rigorous internal validation process to ensure their implementation and evaluation of the Sustainable
accuracy and reliability. Finance Action Plan (RAKB), which serves as the
primary reference for implementing and measuring
The financial information in this report has been our sustainability performance. This approach helps
separately audited by an independent auditor, as us assess the effectiveness of our sustainability
stated in Adira Finance’s 2025 Annual Financial strategy and ensures that each step taken adds
Report. As of the 2025 fiscal year, the Company has value to all stakeholders. [GRI 3-3]
408 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 411
Environmental
and Social
Responsibility
Performance
Highlights
Important for Adira Finance
Opening
List of Material Topics of Adira Finance
in 2025:
6 Management
High
Report
1. Financial Performance;
2. Financing portfolio and contribution
4 7 to the National Economic Recovery;
3. Labour, competence and employee Corporate
welfare; Profile
4. Responsible Lending, Financial
Moderate
5 Literacy and Education, and
2 Consumer and Community
Protection; Management
Discussion
5. Selling Practice and Product and Analysis
Information Clarity;
3 6. Customer Privacy;
1 7. Data Security;
8. Community Development
Low
Corporate
8 Programme (social contribution). Governance
Low Moderate High Supporting
Data
In this regard, several aspects have been identified as key priorities (material), both for stakeholders and for
Adira Finance, as follows: [GRI 3-2][GRI 3-3]
Batasan & Relevansi
No. Material Topics
Adira Finance Mitra Bisnis Masyarakat
1. Financial Performance √ √
2. Financing Portfolio and Contribution to √ √ √
National Economic Recovery
3. Employment, Competence, and Employee √
Welfare
4. Responsible Lending, Financial Literacy and √ √ √
Education, and Customer Protection
5. Selling Practices and Clarity of Product √ √
Information
6. Customer Privacy √ √ √
7. Data Security √ √ √
8. Community Development Program √ √
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 409
Page 412
Scope, Reporting Boundaries, and Reporting Further Information and Feedback [GRI 2-3]
[GRI 2-2] We acknowledge that there remains room for
This report covers all Adira Finance business improvement in the preparation of this report.
activities at its head office and operational network Therefore, we are highly receptive to feedback
throughout Indonesia. The data used is sourced and suggestions from our stakeholders to help us
from various internal functions and has been enhance the quality of future reports, which may be
comprehensively compiled in accordance with submitted to:
applicable sustainability reporting guidelines.
PT Adira Dinamika Multi Finance Tbk
The financial information is prepared based on Corporate Secretary
the Statement of Financial Accounting Standards Millennium Centennial Center, 59th Floor,
(PSAK), while the reporting of sustainability aspects Jl. Jend. Sudirman No.Kav. 25, RT.10/RW.1, Kuningan,
refers to POJK 51/2017 and ISO 26000 as guidelines for Karet, Setia Budi, South Jakarta, Jakarta 12920,
implementing Community Development activities. Indonesia
Tel.: (62-21) 39733232
Fax.: (62-21) 5296-4158
E-mail: af.corsec@adira.co.id
Website: www.adira.co.id
410 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 413
Environmental
and Social
Responsibility
Performance
Highlights
Opening
Management
Report
Corporate
Profile
Management
Discussion
and Analysis
Corporate
Governance
Supporting
Data
SOCIAL RESPONSIBILITY IN THE FIELD OF
COMMUNITY DEVELOPMENT [SEOJK F.23] [SEOJK F.25]
Aligned with the Company’s Social and Community Issues Related to the
brand spirit of “Sahabat Setia Impact of Company Activities Relevant to the
Company’s Business, as well as Social and
Selamanya,” Adira Finance Economic Risks Associated with the Company’s
continues to foster meaningful Business Activities
The business sustainability of Adira Finance to
and enduring relationships with
date has been inseparable from the support of
communities, customers, and all stakeholders, particularly the community.
business partners through its Therefore, the Company continuously builds and
maintains good and harmonious relationships with
ecosystem-based CSR initiatives. In the community and local communities, as part of
implementing these initiatives, the its efforts to realize sustainability not only for the
Company but also for the wider community.
Company actively collaborates with
various stakeholders to ensure that As a manifestation of its commitment to sustainable
social development, Adira Finance consistently
each program generates tangible
implements Social and Environmental Responsibility
benefits, responds effectively to (TJSL) programs. In their implementation, the
community needs, and contributes Company actively collaborates with various
stakeholders to ensure that TJSL programs are
to strengthening the Company’s carried out in a targeted, measurable manner,
long-term sustainability. and in accordance with community needs in the
environmental, social, and economic fields.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 411
Page 414
Through its TJSL programs, Adira Finance also each stakeholder on business continuity to ensure
develops business partnership initiatives as part of an appropriate and relevant approach. Stakeholders
its strategy to improve the community’s economic deemed to have significant influence and be relevant
welfare. This program aligns with the Company’s to the Company’s social issues include customers,
strategic direction as it can encourage efficiency shareholders/investors, regulators, suppliers,
and synergy in resource utilization among business employees, and local communities.
partners.
In implementing TJSL, Adira Finance actively
Thus, the Company believes that the business involves these stakeholders in responding
partnership program provides significant positive to identified social issues. The Company has
impacts for small business actors, particularly in established seven main social issues that are the
improving business sustainability and capacity, focus of TJSL implementation, covering Economic
including access to markets, capital, technology, Performance, Product Portfolio and Credit Quality,
management, and entrepreneurial development. In Customer Information Protection, Company
a sustainable manner, Adira Finance also supports Reputation, Education and Training, Diversity and
the development of the small and medium Equal Opportunity, and Local Communities.
enterprise (SME) sector as a future driver of national
economic growth. Benefits of TJSL Initiatives in the Field of Social
and Community Development for the Company
Formulation of Due Diligence Methods and and Stakeholders
Scope Adira Finance is committed to implementing
Adira Finance understands that business success various policies and programs that not only provide
and sustainability are inseparable from the active added value for the Company and investors but
role of stakeholders. Therefore, the Company is also provide tangible benefits for all stakeholders.
committed to continuing to foster an inclusive and Through an intensive and interactive approach, the
collaborative approach in designing Social and Company strives to build harmonious relationships
Environmental Responsibility (TJSL) programs so with stakeholders, thereby creating mutual
that the benefits generated can be widely felt and understanding and comprehension of various issues
relevant to community needs. related to business activities, in the economic, social,
and environmental fields. Thus, Adira Finance’s
The Company ensures that every TJSL activity is business sustainability can be maintained and
formulated through in-depth discussion processes, developed in the future.
including the results of due diligence studies
and reviews of regulations governing social and Adira Finance’s active contribution to social and
community development, together with relevant community development is realized through the
work units. Adira Finance always ensures that all implementation of Social and Environmental
programs are implemented in accordance with Responsibility (TJSL) programs encompassing social,
applicable provisions and regulations so that economic, and environmental aspects. The Company
no complaints or violations are received by the strives to the fullest extent possible to ensure that
Company. the implementation of TJSL programs has a positive
impact on improving the welfare and economic level
Stakeholder Engagement in the of stakeholders, particularly communities in the
Implementation of Social and Community vicinity of operational areas.
Responsibility Programs, Relevant Social Issues
and Stakeholders, Stakeholder Engagement As part of this commitment, Adira Finance has
Mechanisms, Community Engagement and implemented various forms of social investment
Complaint Handling [SEOJK F.24] through TJSL activities. This program includes
As a form of responsibility in implementing Social conditional assistance, such as natural disaster
and Environmental Responsibility (TJSL) programs, response, as well as long-term support aimed at
Adira Finance consistently maps stakeholders who developing Micro, Small, and Medium Enterprises
are directly involved or affected by the Company’s (MSMEs). This initiative is expected to strengthen
business activities. This mapping is carried out and improve the community’s economy while
based on the level of proximity and influence of promoting inclusive and sustainable growth.
412 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 415
Environmental
and Social
Responsibility
Targets and Plans for TJSL Programs in Social Sahabat Lokal (Local Friends)
Performance
and Community Development The Sahabat Lokal pillar is a tangible manifestation of Highlights
Adira Finance always ensures that the Adira Finance’s contribution to the implementation
implementation of Social and Environmental of Social and Environmental Responsibility (TJSL)
Opening
Responsibility (TJSL) programs in the field of social programs, particularly in the field of economic
and community development is carried out in a empowerment and improving the quality of life of
targeted and measurable manner. In 2025, the the community. This initiative reflects the Company’s Management
Report
Company has set targets for TJSL implementation commitment that success in achieving business
in accordance with management policies, as part of sustainability must go hand in hand with improving
Corporate
strategic efforts to drive sustainable social impact. community welfare. Profile
Various TJSL programs being implemented reflect Adira Finance continues to innovate and develop Management
this commitment, including: the Adira Peduli approaches in designing empowerment programs, Discussion
and Analysis
Program, collaboration with Increso, Blood Donation with the aim that the benefits generated can
activities, the Adira Finance Scholarship Program, reach the community broadly and in accordance
Corporate
the People’s Market Festival, and Creating Shared with local needs. The implementation of Sahabat Governance
Value (CSV) initiatives. All programs are designed Lokal activities covers several strategic sectors,
to address community needs while strengthening including tourism, culture, preservation of local
Supporting
the relationship between the Company and its wisdom, development of Micro, Small, and Medium Data
stakeholders. Enterprises (MSMEs), and improving financial
literacy. This initiative not only strengthens the
Furthermore, Adira Finance also carries out community’s competitiveness but also supports
educational activities aimed at improving financial inclusive and sustainable economic growth in Adira
literacy among the community, as well as various Finance’s operational areas.
social activities that directly impact people’s lives,
particularly in the Company’s operational areas. People’s Market Festival
The 2025 People’s Market Festival (FPR) is a
2024 Social and Community Responsibility Corporate Social Responsibility (CSR) initiative of PT
Management Activities and Achievements [GRI Adira Dinamika Multi Finance Tbk (Adira Finance)
203-2] [GRI 413-1] in collaboration with PT Bank Danamon Indonesia
In implementing Social and Environmental Tbk through its Sharia Business Unit (Danamon
Responsibility (TJSL) programs in the field of Syariah) and Zurich Syariah. The program is being
community social development, Adira Finance held in four cities on the island of Sumatra: Banda
always involves customers, business partners, and Aceh, Bukittinggi, Bengkulu, and Medan, with a total
employees. All these initiatives are carried out based budget of IDR2.2 billion.
on the Company’s three main pillars, namely Sahabat
Lokal, Adira Peduli, and Adira Finance CSR Partners, As part of the #SahabatPasarRakyat movement,
which serve as the strategic foundation for creating FPR 2025 encourages the transformation of people’s
sustainable and inclusive social impact. markets into more PROSPEROUS (Healthy, Green,
Clean, and Well-Maintained) spaces through
educational programs, health services, arts and
culture, while expanding access to Islamic financial
literacy and inclusion.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 413
Page 416
Al-Mahirah Market in Banda Aceh
to Be the First Location for the 2025 People’s Market Festival
The 2025 People’s Market Festival (FPR) officially kicked off on September 20, 2025, at Al-Mahirah Market
in Banda Aceh, kicking off a series of events to be held in four cities on Sumatra Island. This annual
program is a collaborative initiative between Adira Finance Syariah, the Sharia Business Unit of PT Bank
Danamon Indonesia Tbk (Danamon Syariah), and Zurich Syariah. It aims to encourage the transformation
of people’s markets to become more PROSPEROUS—Healthy, Green, Clean, and Well-Maintained—and
to strengthen the market’s role as a center for economic, cultural, and social interaction.
Al-Mahirah Market was chosen as the initial location due to its strategic position as one of the largest
markets in Aceh, with over 900 active vendors. In addition to being a trading center, the market is also
developing as a religious and cultural tourism destination. However, improvements to market facilities,
particularly in terms of cleanliness and comfort, are still needed to ensure optimal and sustainable
economic activity.
TESTIMONY TESTIMONY
“We are proud to open the 2025 People’s “Traditional markets are not just places
Market Festival in Banda Aceh. Al- for buying and selling, but also spaces
Mahirah Market is not only an economic for community life, including in Aceh.
center, but also an integral part of the Therefore, we welcome the collaboration
Acehnese community’s identity. Through between Adira Finance Syariah and
this program, we want to support the strategic partners to organize the People’s
local government in reinforcing the Market Festival at Al-Mahirah, the largest
role of people’s markets, improving the traditional market in Aceh. Hopefully,
welfare of traders, and simultaneously through the 2025 People’s Market Festival,
strengthening the community’s business traders will be empowered and the
ecosystem in a sustainable manner.” community will love traditional markets
even more. God willing, this endeavor
will boost the economic growth of Banda
Aceh.”
Afdhal Khalilullah
Iwan Chandra B.SC(HONS), M.T
Head of Sumatra Region 1, Adira Finance Deputy Mayor of Banda Aceh
414 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 417
Environmental
and Social
Responsibility
Adira Peduli (Adira Caring) programs such as mass medical treatment, social
Performance
The Adira Peduli pillar is one of the Social and services, and funding for surgery for underprivileged Highlights
Environmental Responsibility (TJSL) initiatives residents.
carried out by Adira Finance as a form of direct
Opening
concern for communities affected by natural The CSR Partner program also collaborates with
disasters and in an effort to improve the quality of life Increso, a social association whose members are all
of communities around the Company’s operational Adira Finance employees. Increso is spread across Management
Report
areas. This program encompasses various activities, all Adira Finance branch offices, serving as a forum
including providing assistance to employees and for employees to play an active role and contribute
Corporate
environmental conservation in operational areas. positively outside the Company’s business activities. Profile
Adira Finance responsively and actively responds In addition to activities in the health sector, Management
to various emergency events in Indonesia, such as Adira Finance together with social partners Discussion
and Analysis
natural disasters and environmental calamities, by also runs educational programs, including
channeling assistance tailored to the needs of the providing scholarships for employees’ children
Corporate
victims in each location. The assistance provided who demonstrate academic achievement at the Governance
includes basic food packages, daily necessities, and university level.
other forms of support relevant to conditions on the
Supporting
ground. Throughout 2025, total contributions collected from Data
Adira Finance employees through Increso reached
Throughout 2025, the Adira Peduli Program IDR825,904,440, a decrease compared to the
channeled social assistance with a total value of previous year which amounted to IDR895,594,440.
IDR1,040,379,105, as a tangible manifestation of the
Company’s contribution to supporting community Throughout 2025, Increso channeled various forms of
social resilience and strengthening humanitarian social assistance as part of its commitment to social
solidarity. and community development. Medical treatment
assistance was provided to 18 patients with a total
Adira Finance CSR Partners value of IDR257,873,740, a decrease compared to
Good health quality is an important pillar in forming 2024 which amounted to IDR360,253,532.
superior human resources, which in turn contributes
to the nation’s development in the future. Therefore, Furthermore, Increso also distributed Scholarship
the Company consistently carries out various TJSL Funds for employees’ children with academic
activities in the health sector every year under the achievements, with a total donation of
CSR Partner pillar, as part of efforts to increase public IDR249,209,500, lower than the previous year which
awareness. reached IDR846,093,174. As a form of concern
for employees’ families, Increso also provided
The health programs implemented by Adira Finance Bereavement Funds for the children of deceased
are in line with the government’s commitment to employees, with a total donation of IDR480,000,000.
supporting the achievement of the Sustainable
Development Goals (SDGs). These activities include Increso also actively participated in various social
preventive and promotive approaches, as well as activities organized by Adira Finance, such as Sobat
providing health assistance to underprivileged Expo, the People’s Market Festival, and Health
communities. The forms of assistance provided Webinars, with a total implementation cost of
include funding for medical treatment, surgery, IDR38,622,200. In addition, Increso collaborated
health check-ups, provision of free medicines, and with the Lions Indonesia Foundation by providing
other support tailored to community needs. a donation of IDR180,000,000 to support the
operations of halfway houses for children with
In its implementation, Adira Finance also collaborates cancer.
with Increso (Inclusive Community Empowerment
& Social Responsibility), a social association whose As a form of accountability and transparency,
members are all Adira Finance employees. Increso Increso’s financial reports are audited annually by a
serves as a forum for employees to actively contribute Public Accounting Firm registered with the Financial
outside of business activities, through various social Services Authority (OJK).
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 415
Page 418
Adira Finance and Increso
Distribute Scholarships to Students of LPK Tomoni Marawa Abadi
Adira Finance, through Increso (Inclusive Community Empowerment & Social Responsibility), has
established a strategic partnership with the Tomoni Marawa Abadi Vocational Training Institute
(LPK) to provide educational scholarships and job training. The signing ceremony took place on
August 11, 2025, at the LPK Tomoni Training Center in Bekasi, as part of Adira Finance’s commitment
to supporting the improvement of Indonesia’s human resources (HR) quality through relevant and
competitive vocational education.
This collaboration is part of the social initiative titled Sahabat Menapak Harapan (Friends of Hope), a
program that embodies a collaborative spirit and optimism in building the future through educational
donations. Under this partnership, Adira Finance is distributing scholarships worth IDR300 million
to 50 selected students from LPK Tomoni. The scholarships cover the cost of job training, teaching
materials, and competency development support, preparing participants to enter the workforce
with confidence and high competitiveness.
TESTIMONY TESTIMONY
“Adira Finance has a long-term “We greatly appreciate the trust and
commitment to contributing to the support from Adira Finance. This
development of young Indonesian talent, collaboration is a concrete step in opening
particularly through vocational education. access to quality education and training
This collaboration is not only a form of for the younger generation. We are
social responsibility, but also part of our confident that with this kind of support,
efforts to create shared value to improve participants will be better prepared to
community welfare, in line with Adira face the challenges of the working world,
Finance’s vision. We believe that building both at home and abroad.”
a resilient and work-ready human
resource ecosystem is a social investment
with a far-reaching impact on the nation’s
future.”
Swandajani Gunadi Ramadanil Akbar
Director of HR & Marketing, Adira Finance President Director of LPK Tomoni
416 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 419
Environmental
and Social
Responsibility
Performance
Highlights
TESTIMONI TESTIMONI
Opening
“I am very, very grateful because “This scholarship gives me hope and
thanks to the Adira Finance and Increso confidence to pursue my dreams. I will Management
Report
Scholarship, it helped ease my expenses make the most of it. Thank you, Increso
in achieving my dreams in Japan. By Adira Finance, and LPK Tomoni.”
Corporate
receiving this scholarship, I am now in Profile
Japan and working at the place I wanted.
Thank you, Adira Finance, for helping Management
Discussion
me realize my dreams. I hope other and Analysis
students from Tomoni are also given the
opportunity to receive this Adira Finance
Corporate
and Increso scholarship, just like me. Governance
Thank you.”
Supporting
Data
Niken Pusparini Nelda Fatma Hendri
Scholarship Beneficiary Scholarship Beneficiary
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 417
Page 420
Adira Finance Syariah
Supports PMI North Jakarta Primary Clinic
The Indonesian Red Cross (PMI) North Jakarta branch inaugurated the Primary Clinic located at Jl.
Plumpang Semper No. 54, near the PMI North Jakarta Office, on Wednesday, June 25, 2025. This
clinic demonstrates its commitment to providing free basic healthcare services to the surrounding
community and is also open to residents from outside the area who need examinations and treatment.
During the inauguration, Adira Finance, through its Sharia Business Unit, provided support in the
health sector as part of a cross-sector synergy to expand access to inclusive healthcare services.
The presence of Adira Finance Syariah strengthens multi-stakeholder collaboration in supporting
sustainable humanitarian programs.
The inauguration ceremony was attended by several community leaders, including the Chairman of
PMI North Jakarta, Rijal; the Mayor of North Jakarta, Hendra Hidayat, S.IP., M.A.; and the Assistant for
Public Welfare of the Secretariat of the Special Region of Jakarta Province, Dr. Ali Maulana Hakim,
S.IP., M.Sc., represented the Governor of Jakarta. The symbolic inauguration was marked by a ribbon-
cutting and siren sounding by Dr. Ali Maulana Hakim, accompanied by the Mayor and the Chairperson
of the North Jakarta Indonesian Red Cross (PMI).
As a token of its commitment to improving public health services, Adira Finance Syariah distributed
IDR100 million in charitable donations. The funds will be used to procure medicines and disposable
medical equipment needed by the Pratama Clinic, and will be managed directly by the PMI according
to operational needs.
Adira Finance Syariah’s participation in this activity is part of the company’s ongoing commitment
to supporting humanitarian programs, particularly in the healthcare sector. This collaboration is
expected to provide broad benefits to the community and strengthen the healthcare network to be
equitable, inclusive, and accessible.
Financial Literacy Throughout 2025, Adira Finance again organized
As a company operating in the financing industry, various financial literacy programs focused on
Adira Finance understands the importance of strategic community groups, such as women,
financial education for the public. The Company housewives, MSME actors, university students,
believes that improving financial literacy is key to teachers, and lecturers. Through this program, the
driving public welfare, because sound knowledge of Company hopes that the public can understand
financial management and planning serves as the and choose financial products and services wisely,
foundation for individuals to make wise financial thereby being able to improve their welfare
decisions. A high level of literacy is believed to be sustainably.
able to shape healthy financial behavior and help
people avoid the risk of financial difficulties. In its implementation, Adira Finance collaborates
with educational partners who are certified as
Certified Financial Planners (CFP) to ensure that
the material presented has high quality, relevance,
and capability in supporting effective financial
management strategies.
Total Realization
Activities Program Details Total Realization
(IDR)
People's Market A financial literacy education program for traditional market traders and 2,200,000,000
Festival (FPR) MSMEs implemented in collaboration with Bank Danamon and Zurich
Syariah in Semester II of 2025.
Financial Literacy Financial literacy specifically for MSMEs aims to enable MSMEs to 15,000,000
For MSMEs manage their business finances effectively through educational activities
conducted independently in the first semester of 2025.
Financial Literacy Financial literacy specifically for women, both married and single, aims to 15,000,000
for Women enable them to manage their finances effectively and wisely.
418 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 421
Environmental
and Social
Responsibility
Total Realization
Activities Program Details Total Realization
(IDR) Performance
Highlights
Financial Literacy Financial literacy specifically for the general public aims to increase public 15,000,000
for the awareness of financial planning and to begin managing their finances as
General Public early as possible through educational activities conducted independently Opening
in the second semester of 2025.
Financial Literacy Financial literacy specifically for students aims to help students 15,000,000
Management
for Students understand the importance of managing money from an early age Report
for their future through educational programs for schoolchildren and
university students conducted in the first and second semesters of 2025.
Corporate
Financial Literacy A financial literacy program aimed at persons with disabilities aims to 17,200,000 Profile
for People with improve their understanding of managing their finances independently
Disabilities and inclusively. Activities will be conducted independently in the second
semester of 2025. Management
Discussion
and Analysis
Distribution of A financial literacy program provides financial literacy resources 62,125,000
Financial Literacy through the distribution of financial literacy books to communities in
Books to the 3T underdeveloped, frontier, and outermost (3T) areas to increase access to
Areas financial knowledge. Activities will be held in Semester I and Semester II Corporate
Governance
of 2025.
Sharia These activities will be conducted online and in-person, aiming to increase 278,258,078
Financial Literacy public understanding and knowledge of Islamic financial principles Supporting
Data
through various educational activities, including workshops and outreach
throughout 2025.
Sharia Promotional and educational activities to increase public awareness 479,591,837
Multifinance and understanding of Islamic financing products will be carried out in
Roadshow collaboration with the Islamic Economic Community and the Financial
Services Authority in Semester I and Semester II of 2025.
Sharia Finance Training activities to improve public understanding and skills related 224,457,044
Workshop to Islamic financing will be conducted in collaboration with the Islamic
Banking Financial Institute, Amana Shariah Consulting, Medina
Consulting, and Iqtishad Consulting throughout 2025.
Total 3,321,631,959
TJSL Awards for Social and Community Affairs Budget/Costs Incurred [SEOJK F.3]
In 2025, Adira Finance did not receive any awards Throughout 2025, Adira Finance has disbursed
related to social and community initiatives. funds amounting to IDR5.12 for the implementation
of Social and Environmental Responsibility (TJSL)
programs in the field of social and community
development. Meanwhile, in 2024 it reached IDR20.3
billion.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 419
Page 422
SOCIAL RESPONSIBILITY TO EMPLOYMENT
PRACTICES AND OCCUPATIONAL HEALTH AND
SAFETY [SEOJK F.21]
In running its sustainability-driven COMMITMENT AND POLICIES [GRI 403-1]
Adira Finance understands that human resource
business, Adira Finance has always management and OHS serve as key pillars in the
seen OHS as an integral part of process of business expansion, as both lay the very
foundation for operational sustainability while
employment. Through continuous maintaining the Company’s competitiveness in
human resource development and the long run. The implementation of HR & OHS
management in the financing industry ensures
consistent implementation of an
seamless business processes and protects
OHS culture, the Company strives employees as the Company’s most valuable
to build a work environment where asset. Managing these two aspects is part of Adira
Finance’s sustainability strategy as it enables the
the safety, health, and well-being Company to maintain productivity, increase job
of every employee always come satisfaction, and create a safe, healthy, and inclusive
work environment.
first.
The Company runs its HR & OHS management in
alignment with the sustainability values outlined
in the Sustainable Development Goals (SDGs),
and does so to drive a competent workforce while
fostering a culture of occupational safety across all
of its operations. Through this, Adira Finance can
achieve business results that are not only measured
420 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 423
Environmental
and Social
Responsibility
by financial performance but also by how the • Compliance knowledge management event
Performance
Company maintains the safety, health, and growth program Highlights
of each individual. • External training
Opening
Adira Finance is delivering on its commitment to HR Another aspect Adira Finance ensures is that all
& OHS management through a range of employee its operational activities comply with applicable
development policies and programs designed to occupational health and safety principles using Management
Report
improve the competence, engagement, and well- the national regulations as references. Adira
being of each individual. Adira Finance ensures that Finance routinely conducts periodic inspections
Corporate
every employee has equal opportunities to grow and of operational standards and urges employees Profile
develop through continuous training. to always report potential risks. The Company is
using these measures to foster a culture of high Management
Throughout 2025, Adira Finance ran many training occupational safety awareness across all of its Discussion
and Analysis
and development activities, including the following: business operations.
• Competency improvement program
Corporate
• Transformation training program Governance
Supporting
Adira Finance Employee Profile 2025 [SEOJK C3][GRI 2.7] Data
2024 2025
Employment Status Gender Gender
Total Total
Male Female Male Female
Contract 1,738 391 2,129 12,065 3,273 15,338
Permanent 11,956 3,013 14,969 4,319 1,159 5,478
Total 13,694 3,404 17,098 16,384 4,432 20,816
2024 2025
Operational Area Operational Area
Employment
Status Offices other Total Offices other Total
Branch Branch
Headquarters than Branch Headquarters than Branch
Office Office
Offices Offices
Contract 90 1,427 612 2,129 1,711 6,577 7,050 15,338
Permanent 1,595 5,850 7,524 14,969 180 4,772 526 5,478
Total 1,685 7,277 8,136 17,098 1,891 11,349 7,576 20,816
Non-Employee Workers [GRI 2.8]
Gender Outsource*
Male 8,165
Female 1,422
Total 9,587
Percentage of Employees (in the reporting year) 31.53%
Note: HR data as of December 31, 2025 is compiled from all operational areas of PT Adira Dinamika Multi Finance Tbk
Gender Equality
Male Female
Position Level Number of Number of
Persentage Persentage
Employees Employees
Entry-level 11,695 56.18% 3,328 15.99%
Mid-level 4,605 22.12% 1,091 5.24%
Senior-Level 73 0.35% 12 0.06%
Executive -Level 11 0.05% 1 0.00%
Total Employees 16,384 78.71% 4,432 21.29%
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 421
Page 424
Employees by gender and age group
Position Level
Position
Number of
Age
Entry Level Mid - Level Senior - Level Executive - Level Employees
Male Female Male Female Male Female Male Female
18-24 275 207 23 20 0 0 0 0 525
25-34 5,580 1,990 626 290 0 0 0 0 8,486
35-44 4,890 1,011 2,286 503 13 2 0 0 8,705
45-54 946 118 1,651 272 55 6 7 1 3,056
>55 4 2 19 6 5 4 4 4 44
EMPLOYMENT ISSUES AND RISKS RELATED TO THE COMPANY’S BUSINESS [SEOJK F.19]
In conducting its financing business, Adira Finance has always complied with all applicable Indonesian
regulatory provisions, including those on employment. That is a step Adira Finance takes to develop fair and
transparent industrial relations between the Company and its employees across all operational areas.
Adira Finance also periodically evaluates and reviews the management of employment practices within the
Company to ensure that all policies and their execution remain aligned with applicable regulations. Evaluations
are also conducted to mitigate potential risks and issues arising from regulatory changes over time.
Some of the issues and risks Adira Finance is exposed to in employment are gender equality and employment
opportunities, workplace facilities and safety, workplace accident rates, turnover rates, education and training,
remuneration, and grievance mechanisms related to labor issues.
Throughout 2025, Adira Finance’s human resources proved effective and remained in alignment with
established labor practices, as evidenced by the non-occurrence of industrial conflicts or employee strikes
against management during the reporting period.
Composition of New Employees [GRI 401-1]
2024 2025
Description
Total % Total %
Gender
Male 1,292 79 1962 82.1
Female 351 21 428 17.9
Total 1,643 100 2390 100.0
Age
18-25 years old 476 29.0 876 14.3
26-35 years old 1,063 64.7 3,123 51.1
36-55 years old 104 6.3 2,099 34.4
>55 years old - 0 10 0.2
Total 1,643 100 6,108 100.0
Work Area
Head Office 206 13 363 5.9
Branch Office 1,043 63 5,427 88.9
Non-Branch Office 394 24 318 5.2
Total 1,643 100 6,108 100.0
422 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 425
Environmental
and Social
Responsibility
Demographics of Employees Leaving the Company [GRI 401-1]
Performance
Highlights
2024 2025
Description
Total % Total %
Opening
Gender
Male 1,562 87 1,962 82.1%
Management
Female 226 13 428 71.9% Report
Total 1,788 100 2,390 100.0%
Corporate
Age Profile
18-25 years old 168 9.4 229 9.6%
26-35 years old 1,081 60.5 1,253 52.4% Management
Discussion
and Analysis
36-55 years old 532 29.8 901 37.7%
>55 years old 7 0.4 7 0.3%
Corporate
Governance
Total 1,788 100 2,390 100.0%
Work Area
Head Office 118 7 193 8.1% Supporting
Data
Branch Office 852 48 1,342 56.2%
Non-Branch Office 818 46 855 35.8%
Total 1,788 100 2,390 100.0%
Employee Turnover Rate
Number of Employees Percentage of Employees
Description
(in reporting year) (in reporting year)
Number of employees resigning/work termination 2,390 Employees 11.50%
Number of New/replacement Employees 6,108 Employees 29.30%
Average Training Hours Per Year Per Participant [SEOJK F.22][GRI 404-1]
2024 2025
Description Number of Number of Average Number of Number of Average
Training Training Training Training Training Training
Participants Hours Hours Participants Hours Hours
Gender
Male 85.449 409.147 4,78 115.848 713.624 6,16
Female 24.360 95.608 3,92 31,335 158,242 5,05
Employment Status
Permanent 98.448 441.828 4,48 108,444 645,242 5,95
Contract 11.361 62.926 5,53 38.739 230.437 5,95
OPTIMIZING THE COMPANY’S SCOPE OF INFLUENCE IN THE EMPLOYMENT SECTOR
Adira Finance is committed to ensuring that all employee rights are protected and fulfilled in accordance
with applicable laws and regulations. Pursuant to Law No. 13 of 2003 concerning Manpower, which has
been amended by Law No. 11 of 2020 concerning Job Creation, Adira Finance provides equal treatment to
all employees, regardless of background, and guarantees fair opportunities for career development. Adira
Finance also rejects all forms of discrimination in the company’s workplace to ensure a safe and inclusive work
environment for every individual. The implementation of these values aims
to build a sustainable work culture
and contribute positively to the business ecosystem.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 423
Page 426
Inspiring Collaboration:
Adira Finance Demonstrates Commitment to Excellent Human Resource Management in 2025
Adira Finance made another great milestone in 2025 as the Company won “The Best Human Capital
2025” award for Driving Employee Satisfaction Through Collaborative and Inclusive Corporate Events
at the 2025 Indonesia Human Capital Awards (IHCA) in the multifinance company category. It was
a prestigious award that demonstrates Adira Finance’s commitment to inclusive human resource
management and employee welfare.
Through various strategic programs that engaged everyone within organizational levels, such as the
Advaganza Sports Tournament, Adira Spiritual, Adira Got Talent, Adira Happy Festival, and Adikreasi,
Adira Finance has really built a healthy, adaptive, and collaborative work culture.
Adira Finance’s support for upholding the value of equality is also demonstrated through its
collaboration with MUFG, Danamon, and Home Credit Indonesia, which co-hosted the launch of
the Women Mentorship Program. This program was a collaborative initiative to empower women in
the corporate world and was specifically designed to encourage female talent to achieve leadership
positions through a series of mentoring, networking, and strategic leadership development activities.
MECHANISMS AND PROCEDURES FOR transparent procedures. The company ensures that
HANDLING EMERGENCY SITUATIONS RELATED every employee involved in a conflict has access to
TO OCCUPATIONAL SAFETY AND LABOR an objective and impartial resolution.
CONFLICTS
Adira Finance believes that a safe and conducive The procedures implemented include a mechanism
work environment will support employee for submitting complaints, dissatisfaction, or
productivity, enabling them to deliver optimal objections that are perceived as disrupting the
performance for the Company. However, it is well performance of duties. Employee complaints can be
acknowledged that potential risks inherent to submitted to their immediate superiors or through
occupational safety and labor conflicts can arise the Directorate designated by the Company.
at any time when HR management is conducted
without sustainability values in mind. That underlies By implementing a transparent reporting system,
the Company’s commitment to ensuring that every a responsive emergency response mechanism,
individual within the Company is protected through and fair conflict resolution, Adira Finance strives to
a structured prevention and handling system. ensure a safe and harmonious work environment for
all employees.
As part of that firm commitment, Adira Finance has
introduced a whistleblowing system (WBS) that Meanwhile, to address workplace safety emergencies,
allows employees and external parties to report Adira Finance has developed a standardized
suspected violations, such as safety concerns, Incident Management Plan (IMP), which has been
unethical practices, and potential labor disputes. disseminated and implemented at all levels. The
With this system in place, the Company can be plan entails follow-up actions including establishing
more proactive in keeping incidents from taking a disaster emergency response team, floor wardens,
place while cultivating a transparent, trustworthy HSE Champions, and others.
workplace culture.
With regard to workplace safety, Adira Finance
Further information about the mechanisms and creates a safe and comfortable work environment
procedures within the whistleblowing system can across all operational areas. While most of its work
be found in a separate discussion in the Governance environment is located in an office building complex
chapter of this report. and is at a lower risk level than other industrial
sectors, Adira Finance still provides full guarantees of
When it comes to handling labor conflicts, Adira occupational safety to its employees and customers.
Finance prioritizes open communication between Adira Finance has undertaken various efforts to
management and employees through fair and
424 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 427
Environmental
and Social
Responsibility
minimize the impact of OHS through the implementation of policies and procedures, regular inspections, and
Performance
outreach within the Company. Highlights
Forms of Benefits Based on Employee Status [GRI 401-2]
Opening
Employment Status
No. Remuneration Components
Permanent Employees Contract Employees
Management
Report
1. Basic Salary √ √
2. Meal Allowance √ √
Corporate
Profile
3. Transport Allowance √ √
4. Professional Allowance x x
Management
5. Site Allowance √ √ Discussion
and Analysis
6. Holiday Allowance √ √
7. Annual Leave Allowance √ √ Corporate
Governance
8. Large Leave Allowance √ x
9. Welfare Allowance x x
Supporting
Data
10. Overtime Wages √ x
11. Severance Pay (Law No.13/2003) √ x
12. Pension Program √ x
13. Health Insurance √ √
14. BPJS Kesehatan √ √
15. Old Age Protection √ √
16. Working Accident Protection √ √
17. Death Protection √ √
18. Retirement Protection √ √
19. Annual Leave √ √
20. Service Leave √ x
21. Worship Leave √ √
22. Maternity Leave √ √
EMPLOYMENT CSR PROGRAM TARGETS AND PLANS
In 2025, Adira Finance set targets for implementing CSR in the areas of employment, occupational health, and
safety in accordance with management policies and employment-related issues as previously mentioned.
LABOR PRACTICE MANAGEMENT ACTIVITIES AND ACHIEVEMENTS 2025 [GRI 403-5]
During 2025, Adira Finance carried out various workforce management activities with the following
achievements:
1. Provided equal opportunities for all employees to receive training for career development.
2. Provided a good, clean, and healthy work environment, facilities, and equipment.
3. Arranged workspaces with attention to usability and aesthetics.
4. Provided greenery both around the Company’s business network and within the Company’s premises.
5. Provided safety and security equipment for employees.
6. Provided training and outreach on occupational health and safety for employees.
7. Established monitoring and reporting mechanisms regarding work environment conditions.
8. Conducted periodic hygiene and health inspections in the work environment.
9. Provided health facilities and equipment for employees.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 425
Page 428
In terms of employee training, Adira Finance carried out various training and competency development
activities in 2025 with the following number of participants and training investment: [GRI 404-1]
Employee Training 2021 2022 2023 2024 2025
Total Training Participants 202,686 172,951 175,264 153,949 147,183
Training and Development Investment (IDR billion) 13.5 64.7 80.2 69.4 67.85
Employee Training and Development
Average training hours per Total participating employees in the Percentage of employees who
employees (in 2025) training program participated in training (%)
5.95 hours/employee 147.183 94.21%
Adira Finance understands in the long run, health Adira Finance’s occupational safety initiatives
will remain a key factor in positive and productive include: [GRI 403-6]
employee performance. Therefore, the Company • Providing a good, clean, and healthy work
has always put employee wellness first with a environment, facilities, and equipment.
comprehensive range of healthcare facilities. These • Arranging workspaces with attention to usability.
facilities include not only routine medical check-ups • Providing safety and security equipment for
but also other benefits such as health insurance, life employees.
insurance, personal accident insurance, and BPJS • Providing training and outreach on occupational
Kesehatan (Social Security Agency for Health) to safety for employees.
ensure employee work-life balance. • Preparing monitoring and reporting mechanisms
regarding work environment conditions.
Employee health benefits include inpatient care, • Regularly coordinating with Building
maternity care, general outpatient care, and dental Management MCC (for the Head Office),
care. The Company also provides eyeglasses and Pamswakarsa (for Branch Offices), and related
contact lenses on a reimbursement basis. agencies (for Branch Offices), as well as security
vendors, to manage information and provide
The Company also provides various health support support related to employee safety and security
facilities and programs, including periodic health in the workplace.
check-up allowances (MCU), the Gardira Health • Providing Webinars on Safety and Health.
Corner (Gardira MediCare) at its head office, and • Disseminating Thematic Flyers on Safety and
psychological counseling services through the Health.
Gardira PLONG program in collaboration with Riliv. • Providing Box Wardens.
• Fire Extinguisher Training.
Adira Finance has made occupational safety one of • Implementation of Law No. 1 of 1970.
its priorities in its HR management, although most • Establishment of an Emergency Response
of its operations are centered in an office building Organizational Structure.
complex that makes them less exposed to certain
risks inherent only in other industrial sectors. In managing labor practices, Adira Finance has put
Adira Finance has made many efforts to minimize in place systems and mechanisms to follow up on
the impact of OHS through the implementation various issues and reports. In 2025, Adira Finance
of policies, procedures, regular inspections, and received 28 complaints. Of that figure, 10 have been
outreach within the Company. resolved fairly and independently in accordance
with applicable procedures and provisions, and 6
remain under investigation. The 12 remaining reports
have not been followed up on due to insufficient or
unavailable evidence.
426 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 429
Environmental
and Social
Responsibility
OHS Performance [GRI 403-9]
Performance
Highlights
2023 2024 2025
Number of Working Hours (Million Hours) 47,8 49,83 60,8
Opening
Work Accident Rate 0,042 0,060 0,056
Fatality Rate 0,1 0,008 0,003
Management
Total Work Days Lost (Days) 34 269 110 Report
Frequency Rate (FR) 0,209 0,301 0,28
Corporate
Severity Rate (SR) 0,773 6,114 1,089 Profile
Number of Work Accidents Management
Discussion
Percentage of serious work accidents resulting in serious and Analysis
Frequency of work accidents from total employees
or fatal injuries of total employees (%)
0.28 0.00059 % Corporate
Governance
Based on the OHS performance results, Adira • Stellar Workplace Award 2025 Top 10 Companies
Supporting
Finance assesses the effectiveness of all policies with Best Future-Ready Workplace Program, Data
and preventive measures that it has implemented. Stellar Workplace Recognition in Employee
To ensure the OHS policies and programs are Commitment, and Stellar Workplace Recognition
effective, Adira Finance conducts an evaluation of in Employee Satisfaction by Kontan.
occupational safety and health at the workplace.
Adira Finance had its HCGA and Corpu managers
The evaluation results lay the basis for developing at both head and regional offices certified with
improvement plans, which entail improving work “Competency-Based Training in Human Resources
facilities, building employee capacity through at the HR Manager Level.”
additional training, and refining safety procedures
according to identified operational risks. Findings BUDGET/EXPENSES INCURRED
and follow-up actions. In 2025, the Company spent a total of IDR282,259,247
million for its entire CSR activities in the employment
AWARDS AND CERTIFICATIONS IN THE sector, compared to IDR569,195,471 million spent in
EMPLOYMENT SECTOR the previous year.
By the end of 2025, the P2K3 (Occupational Safety
and Health Development Committee) at Adira
Finance had received approval from the Department
of Manpower, Transmigration, and Energy.
The following are awards Adira received in the
employment sector in 2025:
• The Best Human Capital 2025 for DRIVING
Employee Satisfaction Through Collaborative
and Inclusive. Corporate Events, (Category:
Multifinance) – Indonesia Human Capital Awards
(IGCA) 2025 by Warta Ekonomi.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 427
Page 430
ENVIRONMENTAL SOCIAL RESPONSIBILITY
Adira Finance reaffirms its COMMITMENT AND POLICY
commitment to environmental Environmental aspects have become a key focus for
stakeholders amid growing concerns over climate
stewardship across all aspects of its change and environmental preservation. In response,
business operations. The Company Adira Finance believes that business sustainability
is also strongly determined by the Company’s
recognizes that environmental
commitment and responsibility in managing the
sustainability is a critical element environmental impacts arising from its business
in supporting long-term business activities, as well as in overseeing environmental
management across all operational areas.
growth. Therefore, Adira Finance
consistently implements The Company has a strong commitment to
contributing to environmental preservation, both
environmental best practices to through direct and indirect actions, by striving to
create a positive impact for all minimize the negative impacts of its operational
activities.
stakeholders.
To this end, we have developed a Net Zero Emission
(NZE) Roadmap for the 2026–2030 period. This
roadmap serves as a strategic guideline for
managing and gradually reducing greenhouse gas
(GHG) emissions in a structured, measurable, and
sustainable manner, in alignment with the current
direction of the Government’s policy agenda. The
NZE Roadmap is built upon four main pillars, as
follows:
428 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 431
Environmental
and Social
Responsibility
Awareness Activation Partnership Development
Performance
Highlights
The Company continuously As a concrete step towards The Company is strengthening As part of its
improves its internal environmental impact strategic collaboration sustainability
understanding and management, the Company with various stakeholders, education and
capabilities through is gradually and measurably particularly with entities within communication Opening
sustainability training calculating its Scope 1, Scope the MUFG Group, through the efforts, the Company
for employees and 2, and Scope 3 greenhouse gas implementation of the Sayang is optimizing the
benchmarking with emissions. Furthermore, Adira Bumiku sustainability program. Sayang Bumiku Management
companies that already Finance supports the transition This program includes tree social media as a Report
have established to cleaner energy by installing EV planting activities and a talk means of public
sustainability functions. charging stations and utilizing show on flood resilience, as education regarding
These initiatives aim carbon market mechanisms part of the company’s efforts to environmental issues Corporate
Profile
to strengthen the through the purchase of increase public awareness and and climate change.
internalization of ESG Renewable Energy Certificates preparedness for the risks of
principles in all of the (RECs) and carbon credits to climate change. Management
Company’s operational offset emissions that cannot be Discussion
and Analysis
activities and decision- directly reduced.
making.
Corporate
Governance
Although Adira Finance’s business activities do On the other hand, the Company consistently
not have significant direct interaction with the upholds compliance with regulations and policies set
Supporting
environment, the Company remains proactive in by the Government and is committed to conducting Data
responding to emerging environmental issues. its operational and business activities in alignment
This commitment is demonstrated through the with the Sustainable Development Goals (SDGs).
implementation of best practices across various
programs, initiatives, and policies, including water Various environmental programs, initiatives, and
consumption efficiency, reduction of paper usage, policies implemented both internally and externally
and energy management throughout its operational represent Adira Finance’s tangible commitment and
areas. [GRI 3-3] responsibility to improving environmental quality.
The Company believes that enhanced environmental
In its business aspect, Adira Finance’s commitment sustainability will contribute positively to its business
to environmental preservation is demonstrated growth and development in the future.
through environmentally oriented policies and
initiatives, one of which is providing financing Adira Finance periodically evaluates the effectiveness
facilities to customers as a form of active of its environmental policies and initiatives, referring
participation in sustainable development to support to the Company’s internal policies as well as
environmental sustainability. Accordingly, in its applicable regulations and guidelines, including OJK
financing disbursement process, the Company provisions and the sustainability policies of MUFG
considers environmental friendliness as one of the Group. The results of these evaluations serve as the
key criteria to minimize potential negative impacts basis for setting improvement targets and enhancing
on the environment. programs related to energy efficiency, water usage,
and waste reduction in the following year, while
As part of this effort, Adira Finance has established also forming the foundation for the preparation of
policies and developed sustainable financing Adira Finance’s sustainability roadmap through
products, such as financing for electric bicycles, 2030. In addition, these evaluations provide input
electric vehicles (motorcycles and cars), and solar for management in reviewing the Company’s
panels. sustainability strategy to ensure its continued
relevance to evolving global environmental issues.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 429
Page 432
Sayang Bumiku Program:
Strategic Collaboration Towards Net Zero Emission [SEOJK F.10]
In 2025, Adira Finance continued to strengthen cooperation and cross-entity collaboration through
the initiation of the Sayang Bumiku program, implemented jointly with all entities within the MUFG
Group. This initiative represents a strategic step to reinforce the shared commitment to advancing
the sustainability agenda, while also serving as a concrete action by the Company to reduce carbon
emissions in line with the Net Zero Emission 2026 target established by the MUFG Group.
As part of the program’s implementation, the Company carried out various carbon offsetting activities
through the planting of mangrove trees and deep-rooted trees throughout 2025 in several locations,
including the planting of 3,500 mangrove trees in Manado, 350 mangrove trees in Karawang, and 200
mangrove trees at the Angke Nature Tourism Park (Taman Wisata Alam Angke), Jakarta, involving
collaboration across all MUFG Group entities.
In addition, Adira Finance supported the development of the electric vehicle ecosystem through the
provision of an Electric Vehicle (EV) Charging Station facility located at Adira Expo Alam Sutera. The
Company also encouraged the involvement of employees, customers, and the wider community
through a carbon offset donation program facilitated via literacy corners as a platform for public
education and participation.
In supporting the transition toward clean energy, the Company expanded the use of renewable
energy through the installation of solar panels at six Adira Finance branch locations. At the same
time, the Company continuously enhanced employee (Gardira) awareness through the utilization of
SmileApps to calculate personal carbon footprints, as well as Digilearn in the form of e-books on global
warming and carbon emissions, aimed at strengthening employees’ understanding and engagement
in sustainability efforts.
Environmental Issues and Risks Relevant to the This commitment is implemented through efficient
Company’s Business [SEOJK E.5][GRI 2-25] resource management across all operational offices
As a company operating in the financing as part of delivering financial services that support
sector, Adira Finance recognizes that most of its environmental preservation. The Company also
operational activities do not have a direct impact strives to meet stakeholders’ expectations by playing
on the environment. Nevertheless, the Company an active role in addressing environmental issues,
still requires the use of materials and energy, both both directly and indirectly, while consistently
from renewable and non-renewable sources, such complying with all applicable regulations and policies
as electricity, paper, and water, to support its daily in Indonesia. In addition, Adira Finance supports the
operations. If not managed prudently, the utilization Indonesian Government’s environmental agenda
of these resources may generate waste and through the implementation of various initiatives
increase the carbon footprint, which could affect and programs aimed at reducing carbon emissions
environmental quality. from its operational activities.
Therefore, Adira Finance is committed to In practice, the results of periodic monitoring of
implementing various programs, initiatives, and environmental risks and issues are reviewed by the
policies by prioritizing best practices in environmental relevant units to assess the effectiveness of mitigation
preservation, both through direct and indirect programs. If potential risk escalation is identified, the
efforts across all operational activities. The Company Company undertakes corrective actions and adjusts
actively mitigates environmental issues and risks its policies to ensure alignment with prudential
that may affect business sustainability, even though principles and applicable regulations.
the volume of waste generated remains relatively
small and limited. Efforts to improve efficiency in From a business perspective, Adira Finance
electricity and paper usage represent tangible forms consistently takes into account relevant
of Adira Finance’s responsibility and commitment to environmental issues through its financing
enhancing environmental quality. policies, which consider social and environmental
430 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 433
Environmental
and Social
Responsibility
aspects. The Company applies sustainable finance Environmental and Social Responsibility (TJSL)
Performance
principles in its financing processes to debtors, Targets and Activity Plans Highlights
while complying with applicable provisions related Adira Finance consistently demonstrates its
to social, environmental, and governance aspects. commitment to sustainability through the
Opening
implementation of various initiatives and programs
As part of its sustainability strategy, Adira Finance that have a positive impact on the environment. In
has also established policies and developed implementing its 2025 Social and Environmental Management
Report
environmentally friendly financing products, such Responsibility (TJSL), the Company has established
as financing for electric bicycles, electric vehicles targets and work plans aligned with its environmental
Corporate
(motorcycles and cars), and solar panels. One management policies. Profile
tangible manifestation of this commitment is
the establishment of a specific policy for electric In addition to TJSL implementation focused Management
motorcycle financing products. on environmental preservation, Adira Finance Discussion
and Analysis
also implements programs that encompass
The Company’s Scope of Influence on environmentally friendly operations, the provision
Stakeholders
Corporate
of consumer financing facilities that support Governance
Stakeholders are key elements in supporting the sustainability, and the application of prudent
Company’s sustainability. Therefore, they occupy principles by considering environmental aspects in
Supporting
a strategic position in every operational and every financing process for customers. Data
business activity. The Company’s scope of influence
on stakeholders regarding environmental issues Environmental Social and Environmental
encompasses a series of stages, starting with the Responsibility (TJSL) Program Achievements in
identification and feasibility study of strategies and 2025
work programs related to environmental issues, Adira Finance continuously engages both internal
the approach implemented, the evaluation of the and external stakeholders, including government
impact of business activities, and the review of institutions and communities, in the implementation
environmental regulations relevant to the Company’s of various Social and Environmental Responsibility
business. (TJSL) programs in the environmental sector. This
active engagement aims to ensure that each TJSL
Mechanisms and Procedures for Handling program delivers optimal, targeted, and measurable
Emergency Situations Related to Environmental benefits in accordance with actual environmental
Safety needs.
Adira Finance has established mechanisms and
procedures for handling emergency situations 1. Environmental Management
related to environmental safety. One effort is to Adira Finance understands that good
optimize the Whistleblowing System function as a environmental management in the work area
transparent and accountable reporting tool. positively contributes to improving the quality
of employee work. A clean, well-organized, and
Through this system, all employees, independent comfortable work environment not only supports
parties, and third parties are given access to productivity but also plays a role in maintaining
submit reports of suspected violations related to the health of employees working throughout the
environmental safety and environmental conflicts, Company’s operational areas.
based on credible evidence and in good faith
for the benefit of the Company. The handling of Throughout 2025, Adira Finance implemented
these reports is managed by the relevant unit or various environmental management programs
committee, including conducting an initial review of as part of its commitment to sustainability. These
each complaint received. activities include:
• Provision of greenery within and around the
Throughout 2025, Adira Finance received no reports Company’s business locations;
or complaints related to environmental violations. • Arranging workspaces that prioritize comfort
Further information regarding the Whistleblowing and cleanliness;
System implementation mechanism can be found in • Providing facilities to maintain a clean work
the Violation Reporting Policy section of this Annual environment, such as adequate trash bins
Report. and other cleaning equipment;
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 431
Page 434
• Managing recycled waste with third parties/ 2. Paper Usage
waste banks/vendors; [SEOJK F.14] Paper usage represents an essential material in
• Reducing the use of single-use plastic bottles/ supporting the Company’s business activities,
packaging at the Company’s Head Office by ranging from meeting requirements, financing
implementing a tumbler program to reduce agreements, application and survey forms, to
the use of bottled mineral water, water correspondence, which are often conducted in
consumption, and soap for washing glasses; hard copy format. The Company recognizes that
• Encouraging employees not to drive their excessive paper consumption has environmental
own private vehicles, but to ride together implications; therefore, reducing paper usage
with other employees (to reduce exhaust forms part of its tangible contribution to
emissions); environmental preservation.
• Regularly planting strong-rooted trees;
• Mangrove planting; As a demonstration of its commitment to resource
• Organizing environmentally friendly safety efficiency and environmental sustainability,
riding at the People’s Market Festival (FPR); Adira Finance continues to promote the
• Raising environmental awareness for transition toward a paperless office by gradually
consumers, employees, and the general implementing document digitalization policies
public through the Literacy Corner (Sayang in its operational activities. Throughout 2025,
Bumiku booth), digital campaigns on Sayang the Company undertook various initiatives to
Bumiku social media, and talk shows at the manage and reduce paper usage, including the
People’s Market Festival; following: [SEOJK F.5]
• Raising environmental awareness for • Increasing the use of information technology
employees through e-learning modules; and digitalization in all Company activities
• Awareness training regarding carbon emission and document storage;
reporting (Scope 1 and 2) for employees; • Simplifying consumer financing
• Purchasing RECs (Renewable Energy documentation to reduce the amount of
Certificates) to support renewable energy paper required;
projects and reduce electricity emissions; • Maximizing paper utilization, including using
• Retire carbon credits as a decarbonization both sides of the paper, especially for things
measure; like drafting documents;
• Provision of SPKLU (Storage Stations) or EV • Separating new paper, usable paper, and
Charging; unusable paper.
• Provision of solar panels; and
• Provision of VRF.
Monitoring is conducted at the end of each year to assess the effectiveness of the paper reduction policy. Based
on internal evaluations, the document digitalization policy has been considered effective in reducing physical
paper usage and has also contributed to lowering carbon emissions from printing activities.
Comparative information on paper consumption at the Company’s Head Office for the period 2023–2025 is
presented as follows:
Year Number of Ream Number of Share
2023 810 405,000
2024 880 440,000
2025 960 480,000
3. Water Usage [SEOJK F.8]
Water is a critical resource in supporting the smooth operation of Adira Finance’s activities, including
consumption, sanitation, and maintaining cleanliness and comfort within the working environment. At the
Head Office, the water supply is provided through building management, which sources water from the
Regional Water Supply Company (Perusahaan Daerah Air Minum or PDAM). As part of its sustainability
commitment, the Company consistently upholds the principles of efficiency and responsibility in water
usage. Water is utilized prudently to minimize environmental impact, supported by regular maintenance
of facilities to prevent leaks and wastage, while also fostering a water conservation culture across all
operational areas.
432 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Environmental
and Social
Responsibility
Throughout 2025, the total volume of water These initiatives include reducing the number
Performance
usage could not yet be calculated specifically, of lights in use, maximizing natural lighting, Highlights
as water costs are still included within the utilizing energy-efficient electronic equipment,
building maintenance component, and therefore and limiting the use of devices with high
Opening
detailed consumption data is not yet available. electricity consumption. These measures aim not
Going forward, Adira Finance is committed to only to improve operational efficiency but also
developing a water usage monitoring system to minimize the environmental impact of the Management
Report
at both the Head Office and regional offices, Company’s activities.
which will serve as the basis for measuring
Corporate
the effectiveness of efficiency programs and Throughout 2025, the total carbon emissions Profile
formulating improved water management (CO₂) generated from energy consumption
policies. As part of its sustainability strategy, amounted to 1,597,089.69 kg CO₂. This data Management
the Company also continues to explore the serves as a basis for the Company in developing Discussion
and Analysis
implementation of water-saving technologies emission reduction strategies and strengthening
and simple conservation initiatives that its contribution to environmental preservation.
Corporate
support responsible and sustainable resource The effectiveness of energy efficiency policies Governance
management. is evaluated quarterly through monitoring of
electricity consumption and carbon emissions.
Supporting
4. Energy Usage [SEOJK F.7] The 2025 monitoring results indicate a decrease Data
Adira Finance recognizes that energy is a vital in energy consumption by 4.9% compared to the
component in supporting the continuity of the previous year, reflecting the effectiveness of the
Company’s operations. As part of its commitment energy-saving measures implemented.
to environmental sustainability, the Company
consistently implements various energy
efficiency measures across all operational areas.
Comparison of the Company’s Head Office energy consumption: [SEOJK F.6][SEOJK F.11][GRI 302-1][GRI 305-1]
Company’s Total Energy Use and Carbon Emissions
Total Consumption Carbon CO2 Emissions Generated
Energy
GHG Emissions Conversion
Sources 2023 2024 2025 2023 2024 2025
Factor*
Direct GHG emissions (Scope 1)
Direct emissions Solar 321 0 0 2,626 843 0 0
from stationary (Liter)
combustion
Direct emissions Bensin 15.498 12.599 34.977 0,123 1.906 1.549,67 4.302,17
from mobile (Liter)
combustion
Total Direct Emission (Scope 1) 2.749 1.549,67 4.302,17
Emisi Tidak Langsung (Scope 2)
Indirect Listrik 1.668.720 2.123.784 2.016.187 0,79 1.318.289 1.677.790,07 1.592.787,52
emissions from (KWH)
consumption
of imported/
purchased
electricity
Total Indirect Emissions (Scope 2) 1.318.289 1.677.790,07 1.592.787,52
Total Carbon Emissions Generated (Scope 1 and scope 2) (Kg CO2 eq.) 1.321.038 1.679.339,74 1.597.089,69
*) Faktor konversi karbon menggunakan standar konversi dari MUFG.
Note:
We have updated our calculation methods and refined our data, resulting in adjustments to Scope 1 and Scope 2 emissions
figures for 2023 and 2024 to improve reporting accuracy. Adjustments have also been made to our electricity consumption
figures for 2023 and 2024, as we update and streamline our data collection processes across all operational units.
Year Energy Consumption (KWH) Total (Megajoules) Cost
2023 1.318.289 4.745.840,4 1.903.609.118
2024 2.123.784 7.645.622,4 3.066.744.096
2025 2.016.187 7.258.273,2 2.911.374.028
*Faktor Konversi energi listrik: 3,6 Megajoule/kwh
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 433
Page 436
EMISSION REDUCTION
The Company has implemented Scope 1 and Scope 2 emission reduction efforts through the purchase of
Renewable Energy Certificates (RECs) and carbon credits as part of its decarbonization commitment.
The details of the emission reductions are as follows:
Year REC Purchase (tCO2e) Carbon Credit Purchase (tCO2e)
2023 4,025 1,355
2024 8,690 1,355
2025 11,297 1,355
EMISSIONS AFTER DECARBONIZATION
In line with its emissions reduction efforts through the purchase of Renewable Energy Certificates (RECs) and
carbon credits, the Company has successfully reduced its remaining emissions annually. This decarbonization
achievement is reflected in the remaining emissions and decarbonization percentage as follows:
Year Remaining Emissions (tCO2e) Decarbonization Rate
2023 9,132 37%
2024 5,630 64%
2025 2,257 85%
5. Environmentally Friendly Vehicle Financing requirements. Various initiatives have been
Adira Finance’s commitment to environmental undertaken to ensure that the financing process
sustainability, in alignment with the Government’s contributes to environmental preservation,
agenda, is demonstrated through the expansion including the following: [SEOJK F.12]
of its electric vehicle financing services. In 2025, a. Establishing maximum vehicle age
the Company financed 1,154 two-wheeled electric requirements for financed vehicles, with
vehicles and 2,338 four-wheeled electric vehicles, the expectation that vehicles using less
with total disbursements of IDR17.74 billion and environmentally friendly technologies will
IDR727.1 billion, respectively. This initiative is an gradually be reduced. The maximum vehicle
integral part of Adira Finance’s sustainability age at the end of the financing period is 12 years
strategy to support the transition toward a more for passenger cars, 10 years for commercial
environmentally responsible transportation vehicles, and 10 years for motorcycles.
ecosystem. [SEOJK F.12] b. Encouraging the use of more environmentally
friendly engine technologies. As is widely
Going forward, Adira Finance plans to conduct recognized, vehicle manufacturers are
further studies on the environmental benefits of increasingly striving to meet stricter
its electric vehicle financing program, including environmental standards, particularly in
its contribution to reducing carbon emissions European markets where emission limits are
compared to conventional vehicles. This initiative highly regulated and progressively tightened.
is intended to enhance the measurement of By limiting vehicle age, it is expected that
program effectiveness and serve as a foundation financed vehicles will utilize newer and
for developing a more comprehensive green more environmentally friendly engine
financing strategy in the future. technologies, while also ensuring compliance
with applicable emission standards.
6. Consideration of Environmental Aspects in c. Requiring customers to properly maintain
Financing Requirements financed assets**, particularly motor vehicles
As part of its commitment to environmental used as collateral. Proper maintenance is
sustainability, Adira Finance incorporates expected to help minimize pollution, both in
environmental considerations into its financing terms of air emissions and noise pollution.
434 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Environmental
and Social
Responsibility
7. Enhancing Employee Capacity in Sustainability In managing server infrastructure, the Company
Performance
Throughout the reporting period, the Company prioritizes the reuse of still-feasible servers as Highlights
implemented various sustainability-related part of cost efficiency efforts while contributing
capacity-building programs for employees. to carbon emission reduction. For example,
Opening
These programs included self-learning through replacing the M9000 server with the currently
e-learning platforms covering topics such as used M12 server resulted in electricity savings of 9
Global Warming: Causes, Impacts, and Mitigation kVA. Management
Report
Efforts and Carbon Footprint, Carbon Trading,
and Blue Carbon, emission reporting webinars for Furthermore, the Company has transitioned
Corporate
employees responsible for SINAI data reporting, from physical servers to virtualization technology Profile
and participation in Basic ESG Financing training to optimize hardware utilization in a more
organized by MUFG and the Climate Fresh scalable and efficient manner, resulting in more Management
workshop conducted by Zurich. In addition, the controlled energy consumption. To support core Discussion
and Analysis
Company participated in socialization sessions systems and application operations, the Company
on IFRS S1 and S2 standards, organized by also collaborates with cloud service providers
Corporate
third parties including OJK and other external committed to renewable energy, including Governance
institutions, as part of strengthening the quality Google Cloud, AWS, and Microsoft Azure,
of its sustainability reporting. which have adopted 100% renewable energy or
Supporting
established net zero emission roadmaps. Data
8. Green IT Strategy to Support Sustainable
Operations Environmental Investment and Expenditure
The Company implements Green IT initiatives [SEOJK F.4]
through the development and implementation As part of its commitment to environmental
of efficient information technology asset preservation, Adira Finance has developed activity
management strategies, focusing on minimizing plans, allocated human resources, and designated
energy consumption, reducing carbon emissions, investment budgets for environmental management.
and supporting sustainability and climate change Throughout 2025, the total cost allocated and
mitigation efforts. These initiatives include incurred by the Company to support environmental
the use of low-wattage, Energy Star-certified programs and initiatives amounted to IDR3.95 billion.
infrastructure and ongoing coordination with This investment reflects Adira Finance’s strong
data center service providers to optimize cooling commitment to supporting sustainable operations
systems and reduce energy consumption in alignment with environmental responsibility
effectively. principles.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 435
Page 438
SOCIAL RESPONSIBILITY TOWARDS CONSUMERS
The Company remains firmly COMMITMENT AND POLICY [GRI FS15][SEOJK F.17]
High-quality products and services, alongside
committed to consistently
the protection of consumer rights through the
delivering high-quality products implementation of best practices, constitute a
and services to enhance customer fundamental pillar of Adira Finance’s business
sustainability. The Company continuously fosters
satisfaction and strengthen constructive and harmonious relationships with
customer trust. This commitment its consumers to strengthen long-term loyalty and
nurture lifelong customer relationships.
reflects Adira Finance’s
responsibility to its customers and Adira Finance adheres to the principle that
consumers are friends; therefore, every product
all stakeholders in fostering long-
and service offered is designed as a relevant and
term, sustainable relationships. value-added financial solution to help meet various
customer needs, particularly in providing financial
solutions. This aligns with Adira Finance’s brand
promise, “A Loyal Friend Forever,” and the Company’s
mission to provide diverse financial solutions
through synergy within an integrated ecosystem.
This service commitment is embodied in the motto
“SAHABAT” (I’m Here to Make You Smile), which
serves as a guideline for all employees in providing
services oriented towards customer satisfaction and
positive experiences.
436 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Environmental
and Social
Responsibility
To ensure a consistent customer experience, the Company manages customer interactions through an
Performance
integrated omnichannel approach, encompassing digital channels (website, social media, and the Adiraku Highlights
app), physical channels (branch offices and field officers), and the Dering Adira contact center channel via
telephone, WhatsApp chat, social media chat, and email. This approach enables the Company to provide
Opening
responsive, transparent, and consistent service throughout the financing cycle, from pre-sales to full financing
settlement, thus directly contributing to increased customer satisfaction, loyalty, and long-term relationships.
Management
Report
Adira Finance believes that business sustainability depends heavily on the company’s ability to improve its
competitiveness, especially in an increasingly dynamic and competitive industry. Therefore, the Company
Corporate
continues to adapt and innovate to maintain its strategic position and create added value for all stakeholders. Profile
Adira Finance Secured First Place at the 2025 Service Quality Award Management
Discussion
for 4W and 2W Financing Categories and Analysis
Adira Finance earned top honors at the prestigious 2025 Service Quality Award (SQA), organized by Corporate
Governance
Marketing Magazine, achieving first place in two categories: 4W Financing Company (Offline Usage
Experience) and 2W Financing Company (Offline Usage Experience).
Supporting
Data
The 2025 Service Quality Award was based on an independent survey conducted by Carre, which
evaluated companies using two key indicators: Perceived Service Quality (PSQ), reflecting customers’
assessment of the service they receive, and Perceived Service Value (PSV), representing customers’
perception of the value derived relative to the cost or effort expended. In both dimensions, Adira
Finance recorded scores above the industry average, securing leading positions in both the four-
wheeled (4W) and two-wheeled (2W) financing segments.
These achievements underscore Adira Finance’s success in delivering a consistent, superior, and
sustainable customer experience. They also reaffirm the Company’s commitment to upholding the
highest service standards, recognizing the vital role of frontline personnel, and embodying its Service
Motto, “SAHABAT” (*I’m Here for You to Smile*), alongside the consistent application of the 5S Service
Principles: Smile, Enthusiasm, Alertness, Sympathy, and Solution-Oriented. By placing customers
at the heart of every service interaction, Adira Finance continues to reinforce its position as one of
Indonesia’s preferred financing providers.
Driven by a spirit of innovation and a strong customer-centric focus, Adira Finance remains committed
to strengthening a service foundation that is reliable, trusted, and capable of supporting sustainable
business growth.
CONSUMER-RELATED ISSUES AND RISKS FROM THE COMPANY’S BUSINESS ACTIVITIES
As a manifestation of its responsibility to consumers and all stakeholders, Adira Finance consistently complies
with applicable consumer protection regulations and provisions in the financial services sector. The Company is
committed to providing accurate, honest, clear, and comprehensive information regarding financing products
and/or services.
Various steps have been taken to ensure transparency and adequate understanding for consumers, including
providing a written summary of the benefits, risks, costs, and terms and conditions applicable to the products
and/or services offered. Furthermore, Adira Finance also fulfills its obligation to educate consumers about their
rights and obligations in selecting and using financing products in order to create trusting and sustainable
relationships.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 437
Page 440
THE REACH OF THE COMPANY’S INFLUENCE 5. To mitigate risks and ensure that complaint
RELATING TO CONSUMER ISSUES ON handling and resolution processes are carried out
STAKEHOLDERS in accordance with established procedures, Adira
Adira Finance continues to develop various Finance has established both a Quality Assurance
product and service initiatives to provide the best Unit and an Internal Audit Unit.
possible experience for consumers. These efforts 6. Submitting reports on consumer complaint
aim to expedite the service process, improve ease handling and resolution within the timeframes
of access, and ensure consumer comfort and stipulated by OJK.
security. This initiative demonstrates the Company’s 7. Product Information [SEOJK F.27]
commitment to improving service quality as part of • For every financing agreement, Adira Finance
its responsibility to consumers. clearly explains the applicable financing
terms and conditions to consumers. Each
One form of social responsibility implemented by financing contract is prepared in accordance
Adira Finance is through effective and transparent with the prevailing laws and regulations
handling of consumer complaints, which falls governing financing companies in Indonesia.
within the scope of its social responsibility towards These explanations are provided to ensure
consumers. The Company has provided a complaints that consumers fully understand their rights
channel as part of its efforts to improve service and obligations and to prevent any potential
quality. In its implementation, Adira Finance adheres disadvantage throughout the financing
to OJK Regulation No. 01/POJK.07/2013 concerning period.
Consumer Protection in the Financial Services • To ensure the effective implementation of
Sector, OJK Circular Letter No. 2/SEOJK.07/2014 this procedure, all personnel interacting with
concerning Consumer Complaints Services and consumers are equipped with adequate
Resolution in Financial Services Business Actors, and knowledge of the Company’s products
other relevant laws and regulations. and services and are capable of explaining
the terms and conditions contained in
STAKEHOLDER ENGAGEMENT MECHANISM, the financing agreement upon consumer
CONSUMER INVOLVEMENT, AND COMPLAINT request.
HANDLING
As part of its commitment to maintaining the quality As part of its responsibility and commitment to
of products and services delivered to consumers, delivering excellent service, Adira Finance has
Adira Finance has established an integrated and provided a consumer complaint handling system
easily accessible complaint handling system. The that is easily accessible and responsive.
Company ensures that its complaint resolution
mechanism complies with the provisions of OJK The Company provides complaint handling services
Circular Letter No. 2/SEOJK.07/2014 concerning through various channels, including the “Dering
Consumer Complaint Services and Resolution for Adira” service at 1500511 (accessible via landline or
Financial Services Providers. In this regard, Adira mobile phones), WhatsApp at 0811-811-5811, and
Finance has undertaken various strategic measures, email at customercare@adira.co.id, available 24
including the following: hours a day, 7 days a week. Consumers can also
1. Establishing standard operating procedures for contact Customer Service at each branch six days
consumer complaint handling and resolution. a week, Monday through Friday from 8:00 AM to
2. Ensuring that no fees are charged for complaint 3:00 PM and Saturday from 8:00 AM to 12:00 PM, in
handling and resolution services. accordance with branch operating hours.
3. Maintaining a dedicated work unit responsible
for complaint handling and resolution, namely Consumers and the public can submit complaints
the Customer Care Unit. directly to Customer Service officers at branch
4. Conducting service level assessments across offices or through the Dering Adira channel. Every
all business units by measuring Service Level complaint received is automatically recorded in the
Agreements (SLA), which represent the time system for follow-up, which can be monitored in real
required by each unit to complete its respective time to ensure prompt, transparent, and accountable
processes. The results of these assessments are resolution. [SEOJK F.30]
communicated to all business units on a monthly
basis.
438 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 441
Environmental
and Social
Responsibility
MECHANISMS AND PROCEDURES FOR consumer empowerment to increase the benefits
Performance
HANDLING EMERGENCY CONSUMER SAFETY received by the community and customers in a Highlights
AND CONSUMER CONFLICTS sustainable manner.
Adira Finance has implemented mechanisms and
Opening
procedures for handling emergency situations As a form of corporate responsibility and
related to consumer safety and potential conflicts commitment, Adira Finance has established
through a Whistleblowing system. Every complaint CSR activity plans and targets in accordance Management
Report
received is automatically recorded in the system, with management policies. Furthermore, the
allowing for real-time monitoring of follow-up and Company also engages with consumers through
Corporate
resolution. the Creating Shared Value (CSV) approach. These Profile
activities include:
This system serves not only as a reporting tool • Holding a Local Creative Festival for ecosystem Management
but also as an evaluation tool for the Company’s engagement. Discussion
and Analysis
service performance. Through this mechanism, • Providing outreach and education related to
Adira Finance continuously improves and enhances financial services in general and related to
Corporate
service quality to ensure customer comfort, safety, Adira Finance services. Governance
and satisfaction in the future. • Adira Finance also has a training and
coaching program for customers who own
CONSUMER SOCIAL RESPONSIBILITY PROGRAM
Supporting
businesses in the Greater Jakarta area. We Data
PLAN 2024 provide knowledge that can be useful for
In 2025, Adira Finance established plans and targets business development. This training and
for consumer responsibility by conducting business coaching program lasts for three months and
operations in line with management policies includes several stages: participant selection,
related to consumer protection and service. This training, and mentoring. Participants
commitment is realized through the implementation will then be monitored to monitor their
of governance principles oriented towards customer business development. During the customer
satisfaction and trust. coaching process, materials provided include
knowledge about business management,
In addition, the Company also carries out various understanding business potential, simple
other CSR activities focused on customer bookkeeping, and marketing tricks.
engagement as an effort to strengthen relationships • (Are there any changes or additions in 2025?)
with consumers through an inclusive, interactive,
and sustainable approach. B. Consumer Confidentiality and Privacy
Protecting consumer data and information
ACTIVITIES AND ACHIEVEMENTS OF CONSUMER is a crucial element in supporting business
SOCIAL RESPONSIBILITY MANAGEMENT sustainability. As a form of commitment and
ACTIVITIES responsibility, Adira Finance ensures that all
Adira Finance has implemented various activities data and information provided by consumers is
reflecting its responsibility towards consumers maintained with integrity and is not misused by
throughout 2025. This aims to foster harmonious irresponsible parties.
and constructive relationships with consumers and
stakeholders. These activities include: [SEOJK F.17] The Company implements the principle of
A. Consumer Empowerment confidentiality as part of its code of ethics, which
Adira Finance recognizes that business growth must be adhered to by all levels of management
and sustainability are inseparable from the and employees, both during training, during
contribution of stakeholders, particularly active employment, and after the termination
consumers as key partners in the business of employment. The scope of this confidentiality
ecosystem. Therefore, the Company is committed includes internal company information such
to implementing various activities focused on as strategic plans, consumer data, financial
information, operational activities, and other
important information determined by the
Company.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 439
Page 442
To strengthen personal data protection, the Company has aligned itself with the provisions of the Personal
Data Protection Law (PDP Law) to ensure optimal customer data protection. To support this, the Company
has implemented strict data protection controls based on international cybersecurity best practices,
encompassing the stages of identification, protection, detection and response, and recovery.
This commitment serves as the foundation for maintaining customer trust and satisfaction, while supporting
sustainable business growth. Throughout 2025, Adira Finance received no complaints or warnings from the
Financial Services Authority (OJK) regarding violations of consumer confidentiality or privacy.
Identification The Company has implemented ISO 27001 certification and conducts a Third Party Security Assessment
Control (TPSA) on third-party data processors to ensure compliance with established security standards
Protection The Company implements network security through a three-tier defense, consisting of firewalls and
Control web application security, endpoint protection using Endpoint Detection and Response (EDR), and data
security in motion and in use for data outside the production environment. Furthermore, the Company
implements strict controls on user access rights, particularly for high-risk access.
Detect and The Company routinely conducts vulnerability scans and penetration testing, as well as 24x7 monitoring
Response of cyberattack indicators. To ensure effective incident response, the Company has established a Cyber
Security Incident Response Team (CSIRT) tasked with handling and coordinating responses to information
security incidents.
Recovery The Company implements daily, weekly, and monthly data backup mechanisms, accompanied by periodic
restore testing to ensure data integrity, consistency, availability, and confidentiality. The Company also
conducts service testing to ensure the achievement of the Recovery Time Objective (RTO) and Recovery
Point Objective (RPO) in accordance with the provisions of the Disaster Recovery Plan (DRP) and Business
Continuity Plan (BCP) documents. All these processes are carried out in accordance with the Company’s
internal policies to ensure that services processing personal data consistently comply with applicable
confidentiality principles and data protection standards.
C. Consumer Satisfaction
To create the best quality products and services, Adira Finance actively receives and manages customer
feedback, suggestions, criticisms, and complaints as part of its efforts to improve customer satisfaction.
Throughout 2025, the Company recorded 24,395 complaints, both directly and indirectly related to the
financing services provided. All complaints were followed up and resolved thoroughly, reflecting Adira
Finance’s commitment to maintaining customer trust and satisfaction.
Complaints received 2023 2024 2025
Total 20,710 22,334 24,395
The following is data on consumer complaint services and resolution by the Company throughout 2025: [SEOJK
F.28] [SOJK F.29]
No Problem Category Total
1 Adirapoin 414
2 Adiraku App 6,736
3 Insurance 295
4 Danamon Autodebit Plus Adira 84
5 BPKB Ownership Transfer 16
6 Administration Fee 34
7 Withdrawal Fee 2
8 BPKB Storage Fee 85
440 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 443
Environmental
and Social
Responsibility
No Problem Category Total
Performance
Highlights
9 Transaction Fee 794
10 Customer Doesn't Feel Like They're Getting Credit 1,089
Opening
11 Danadira - Insurance 1
12 Danadira - BPKB 2
Management
13 Danadira - Fines/Penalties 25 Report
14 Danadira - Consumer Doesn't Applying for Credit 7
Corporate
15 Danadira - Login 101 Profile
16 Danadira - Accelerated Repayment 33
17 Danadira - Danadira Financing 218 Management
Discussion
and Analysis
18 Danadira - Billing/Unit Withdrawal 5
19 Danadira - Fund Disbursement 180
Corporate
Governance
20 Danadira - Credit Application 337
21 Danadira - Data Update 8
22 Danadira - Promos/Programs 13 Supporting
Data
23 Danadira - Registration 73
24 Danadira - Installment Payment Status 554
25 Fines/Penalties 914
26 ACI PDK OTP Failed 6
27 Adiraku PDK Failed 5
28 Adira Finance Quiz/Competition 1
29 Service (systems and procedures) 1,155
30 Officer Service 1,161
31 Accelerated Repayment 85
32 Payment Online 394
33 Unit Recall Handling 611
34 Consumer Offer Media Updates 551
35 Fraud 17
36 Customer Data Discrepancies 245
37 STNK Extension 48
38 Produk Momobil 1
39 Promotional Programs 37
40 Rate/Interest/Margin 3
41 Restructuring 20
42 Solusi Dana 275
43 Application Status 507
44 Blacklist Status 698
45 BPKB Status 177
46 Important Document Status 42
47 Insurance Claim Status 264
48 Payment Status 5,821
49 STNK 174
50 Total Payables 77
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 441
Page 444
Information on causes of complaints in 2023, 2024 and 2025:
No Description 2023 2024 2025
1 Consumer's understanding of product characteristics 412 361 561
2 Inadequate product information - - -
3 Disruption/damage to information technology devices 2 9 11
and systems
4 Changes/termination of agreements/contracts - - -
5 Consumer Negligence 2,216 2,467 2,340
6 Financial Services Business Actors' Negligence - - -
7 Criminal Acts by Financial Services Business Actors - - -
8 Other: Dealers, Services, Important Document Status, 18,080 19,497 21,483
Insurance Claims, Payments, and Total Bills
Total 20,170 22,334 24,395
Negative publication information for 2023, 2024 and 2025:
No Description 2023 2024 2025
1 Information Consumer Complaints in Print/Electronic 22 38 29
Media
2 Print/Electronic Media Articles 115 79 167
3 Print/Electronic Media Coverage - -
4 Publications/Writings in Public Places - - -
5 Social Media, Email - -
6 Other 5 - -
Total 142 117 196
As a manifestation of its responsibility to provide Loyalty Index (CLI) survey in 2025. This survey aims
sustainable products and services, Adira Finance to measure the level of customer satisfaction and
consistently ensures that every innovation and loyalty towards the products and services provided
service development considers social, economic, and and serves as a basis for evaluation to strengthen the
environmental impacts. The Company continues to bond between the company and its customers.
improve service standards through the use of digital
technology and a customer-centric approach. These The survey results serve as a strategic reference for
efforts also represent Adira Finance’s commitment the Company in designing and improving products
to providing the best possible customer experience and services, ensuring that all customer needs and
while supporting sustainable development goals in expectations are optimally met.
the financial services sector.
No Description Score
As part of its commitment to improving the quality of
1 Satisfaction Index (CSI) 91.00
its customer relationships, Adira Finance conducted
a Customer Satisfaction Index (CSI) and Customer 2 Loyalty Index (CLI) 87.00
442 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 445
Environmental
and Social
Responsibility
CERTIFICATIONS AND AWARDS IN THE BUDGET/EXPENSE INCURRED
Performance
CONSUMER SECTOR As a concrete manifestation of its commitment Highlights
Throughout 2025, Adira Finance successfully to consumer protection and empowerment,
received various certifications and awards from Adira Finance allocated a special budget for the
Opening
several institutions and organizations. These implementation of various programs and activities
achievements reflect the Company’s success in oriented towards consumer interests. In 2025, the
creating a superior, impressive customer experience Company’s total expenditure for these activities Management
Report
that meets consumer expectations. These various reached IDR4.5 billion. This amount is slightly
forms of appreciation are tangible evidence of increased compared to the previous year, which was
Corporate
Adira Finance’s commitment to maintaining service IDR4.1 billion in 2024. Profile
quality and strengthening its reputation as a trusted
financing company in Indonesia. The certifications Management
and awards received include: Discussion
and Analysis
1. Award from The Iconomics in the Indonesia Best
Financial Awards 2025 in the category of Best
Corporate
Customer Service Reputation in Multifinance > Governance
20T
2. Award from SWA Business Digest in the
Supporting
Indonesia Customer Service Quality Awards 2025 Data
in the category of Car Financing with a rating of
Very Good
Page 446
IT: BUSINESS DEVELOPMENT STRATEGY
Adira Finance defines sustainable Adira Finance weathered 2025, delivering on its
commitment to sustainable business growth
growth not only as business scale
through a range of adaptive, measurable strategic
expansion, but also as the ability strides. Amidst the increasingly dynamic and
to continuously adapt, innovate, competitive financing industry, the Company made
innovation and sustainable initiatives the foundation
and deliver positive societal and for driving healthy, inclusive, and responsible growth.
environmental impacts.
Adira Finance ensures that its business expansion
aligns with sustainable principles, not only to scale
up but also to create added value for all stakeholders.
Furthermore, Adira Finance continues to support
the national sustainable development agenda by
introducing product innovations, strengthening
financial literacy, and implementing various social
and environmental initiatives that bring positive
societal impacts.
444 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 447
Environmental
and Social
Responsibility
One of the strategic steps that marked Adira Finance’s Going forward, business expansion will focus on
Performance
journey in 2025 was the Company’s completion of executing innovative, customer-centric strategies, Highlights
the merger with PT Mandala Multifinance Tbk on expanding market access, and improving service
October 1, 2025, and the acquisition and transfer quality aligned with community needs. In addition,
Opening
of PT Arthaasia Finance’s portfolio on November 7, Adira Finance will further affirm its commitment
2025. These two corporate actions were part of the to developing sustainable financing products and
Company’s strategic steps to expand its business solutions, in line with its agenda to create a greener, Management
Report
scale and sharpen Adira Finance’s competitive edge more responsible future.
in the financing industry.
Corporate
To support this development direction, Adira Finance Profile
In line with these consolidation steps, Adira Finance has set up five strategic pillars as its primary focus
had a total financing receivable under management for guiding growth and addressing the ever-evolving Management
of Rp63.4 trillion. The recent consolidation steps dynamics of the financing industry: automotive Discussion
and Analysis
have expanded the Company’s business network business growth, non-automotive business growth,
to 877 branches across Indonesia and increased customer retention, cost leadership, and ecosystem
Corporate
its customer base to 2.6 million active consumers. digitalization. Governance
This expanded network lays a solid foundation for
increasing market penetration, reaching previously These five strategic pillars lay the foundation for
Supporting
underserved segments, and expanding access the company to maintain growth momentum while Data
to financing in a more equitable and sustainable strengthening its competitive edge in a changing
manner. market. One key focus in implementing this
strategy has been to strengthen the ecosystem’s
Digital transformation continues to play a critical digitalization, which is seen as a crucial foundation
role in supporting business expansion and for supporting sustainable, adaptive growth aligned
improving service quality. In this regard, Adira with developments in the financing industry.
Finance continues to optimize digital platforms
such as Adiraku, momobil.id, momotor.id, and Throughout 2025, the Company directed its
dicicilaja.com to facilitate consumer access to strategies and policies toward improving operational
financing services. In addition to strengthening efficiency and the quality of the customer experience
these platforms, the Company continues to develop by modernizing its technology infrastructure,
end-to-end digitalization of its business processes optimizing end-to-end business processes, and
to improve operational efficiency and service speed. leveraging technologies such as AI and cloud
This initiative enables a more responsive customer computing. This step also supports the company’s
experience that is relevant to the evolving needs of system readiness for post-merger integration and
the community. strengthens its capacity to manage future business
scale expansion.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 445
Page 448
TESTIMONIALS FOR ADIRA FINANCE
BUSINESS PARTNER TESTIMONIALS BUSINESS PARTNER TESTIMONIALS
As a partner with Adira Finance for quite a As an Adira Finance partner since around 2017,
few years now, we’ve found the financing we’ve really enjoyed the solid support we’ve had
application process to be really easy, quick, and from Adira for our business, even when things
get really tough, like the pandemic. While many
efficient. From filling out the application form
financial institutions were struggling, Adira
to the survey, everything takes much faster than Finance remained consistent in its service, making
usual. Everyone at Adira’s team at its branches our partnerships much more than just transactions
is always quick to respond and follow up on all as it has evolved into a mutually benefitting
we as customers need in the field, ensuring partnership.
everything runs smoothly and on schedule.
When it comes to processes, Adira Finance has
a system that’s super transparent, fast, and
We think what really sets Adira Finance apart easy to navigate. From verifying applications
for us is their speedy service and awesome to conducting surveys and assessing risks,
online monitoring system. It lets us keep track everything flows smoothly. The quick responses
of our application status in real time, which we and information from the Adira Finance team
really help us keep up our service quality for our
really appreciate.
customers.
Let us also mention how consistent they’ve Working with the team in Makassar has been
been with their support, even when the market an extra bonus for us. It’s always been easy
gets challenging. The working relationship for us to get a hold of the branch, credit, and
we’ve built isn’t just professional; it’s built marketing teams, and they are always ready to
lend a hand. Regular check-ins to assess our sales
on a solid foundation of trust and good
performance have also been great for increasing
communication among the Adira Finance team, business volume. Plus, the Adira Finance Market
our business partners, and customers. Update program, which gives us insights into
economic trends, is an initiative that deserves our
Now, with the merger with Mandala Finance, appreciation.
we’re hoping they can keep up the great quality
With the merger between Adira Finance and
of service we’ve come to expect. We’d love Mandala Finance, we see an awesome opportunity
to see improvements, especially in speeding to expand our network and boost our market
up approval processes, keeping information presence, especially in the districts and sub-
transparent, and maintaining programs that districts where Mandala Finance has always been
really add value for both customers and strong. We’re hoping this synergy will take our
business volume to the next level.
business partners.
Overall, our partnership with Adira Finance has
been built on strong communication, consistent
support, and quick service, which is why Adira
Finance remains our go-to partner in the
automotive industry.
Sahruddin Rahmat Budi
Kharisma Sentosa – Daihatsu Makassar Wuling Kumala Makassar
446 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 449
Environmental
and Social
Responsibility
Performance
Highlights
CUSTOMER TESTIMONIALS CUSTOMER TESTIMONIALS
Opening
I’ve known and used Mandala Finance since I have known and used Adira Finance services
before 2015, and have always had a positive since before 2015, and during that time, I have
experience. The financing application process more than once used their financing facilities. As a Management
customer, I’ve always had positive experience with Report
has always been fast—and would normally take
their reliable service, friendly staff, and a relatively
around two days to complete—and the friendly fast application process. On several occasions, I
staff help simplify every step. even had my credit approval process completed Corporate
Profile
faster than usual.
I also enjoy the convenience of flexible
During my time as a customer, I have also
installment payments, either through a teller
found communication with Adira Finance easy. Management
or via mobile phone, depending on my needs. Whenever I had questions or needed to resolve
Discussion
and Analysis
Throughout my time as a customer, Mandala issues, it was always easy to get a hold of the Adira
Finance has always handled every application Finance team who would respond with great
clearly and in accordance with the terms and assistance. Corporate
Governance
conditions, giving me a sense of comfort and
After hearing the news that Mandala Finance
trust every time.
has now merged with Adira Finance, I hope
this synergy will further improve the quality of
Mandala Finance’s services have also helped me financing services for the public. Based on my Supporting
Data
meet my needs several times, both for business experience with Adira Finance, I am optimistic that
and household needs, including vehicle the services provided will be even better, faster,
financing. Their prompt response to questions and more convenient for customers.
and complaints is one of the reasons I continue
I am also aware of the various programs and
to trust Mandala Finance with my financing promotions offered by Adira Finance, such as
needs. reward points and customer raffle programs. In
the future, I hope to further utilize these programs,
I regard the merger of Mandala Finance with including through the Adiraku app, we customers
can benefit more from their financing services.
Adira Finance as a very positive step in their
shared business. I hope the synergy between
the two companies will further improve service
quality, expedite financing, and offer additional
programs and benefits to customers.
Ranggong Sunarti
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 447
Page 450
BUSINESS PARTNER TESTIMONIALS BUSINESS PARTNER TESTIMONIALS
The partnership between Ayam Jantan dealers Our cooperation with financing companies has
and financing companies such as Adira Finance been established for quite some time, both with
and Mandala Finance has been well established Adira Finance and Mandala Finance when they
were still operating separately. In the motorcycle
in supporting vehicle sales activities. In recent
dealership business, the speed of the financing
months, sales at our dealerships have shown process is a very important factor because most
relatively stable performance, with average consumers purchase vehicles through credit
sales reaching more than 200 units per schemes.
month. In the automotive industry, the role of
Based on our experience, both Adira Finance
financing companies is very important, as most
and Mandala Finance have shown a strong
consumers purchase vehicles through credit commitment to providing responsive services to
schemes. both dealers and consumers. The speed of the
financing approval process and good coordination
From our perspective as dealers, the main with the field teams have greatly helped us
factors supporting smooth sales are good maintain smooth sales.
communication and speed in the financing
After the two companies merged, we have
approval process. So far, coordination between seen that the cooperation process has become
the dealer marketing team and the credit even more coordinated. For dealers, the most
marketing officer teams from Adira Finance important thing is a fast, transparent, and easy-
and Mandala Finance has been running well, to-understand credit application process so that
enabling each credit application process to be consumers do not have to wait too long.
handled in a responsive manner.
Communication with the Adira Finance team has
also been excellent. Regular discussions, both
Amid increasingly intense market competition, formal and informal, have helped us understand
where consumers can easily compare offers market dynamics and find the right solutions for
through digital channels, the support of consumers.
financing companies with fast processes and
Going forward, we hope that the integration
transparent systems provides very important between Adira Finance and Mandala Finance will
added value for dealers. further strengthen the quality of existing services.
With improved system support and a faster
With the merger of Adira Finance and Mandala approval process, we expect that cooperation with
Finance, we hope that the strengths of each dealers will be further optimized, making it easier
for people to obtain the vehicles they need.
company will complement each other. The
integration of fast processing and a robust
monitoring system is expected to further
improve the efficiency of the financing process
and support dealers in providing the best
service to consumers.
Rusli Jacob
Honda Ayam Jantan - Biringkanaya - Suraco Jaya Abadi Motor –
Makassar Sentral Yamaha Makassar
448 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 451
Environmental
and Social
Responsibility
Performance
Highlights
CUSTOMER TESTIMONIALS CUSTOMER TESTIMONIALS
Opening
I have been a customer of Adira Finance for I have been a vehicle financing customer for
more than 10 years. The first financing facility I quite some time, starting when I first applied for
obtained was for a motorcycle, and since then motorcycle financing through Mandala Finance. Management
Report
I have used Adira Finance’s financing services Since then, I have used its financing services
several times to support my business needs. several times to support my family’s transportation
needs. As a customer, I have always experienced a Corporate
Profile
I run a meat trading business that has been smooth application process, which has made me
operating for more than 10 years, with regular feel comfortable.
customers such as coto stalls and other Management
loyal buyers. The vehicle I obtained through The service provided by the Mandala Finance Discussion
and Analysis
financing from Adira Finance has been very team, which has now merged with Adira Finance,
helpful in supporting my daily business has also been excellent. The staff are friendly and
operations. During my time as a customer, I helpful, both during the application process and Corporate
Governance
have experienced a relatively quick application when providing information related to installment
process and good service, which has given me a payments. The practical payment methods have
sense of comfort and trust. also made it easier for me to fulfill my monthly
obligations. Supporting
Data
Going forward, I hope that Adira Finance will
continue to maintain the quality of its services Looking ahead, I hope that following the
and offer various programs that provide even integration of Mandala Finance into Adira Finance,
greater benefits to loyal customers like us. the excellent quality of service can be maintained
and continue to provide greater convenience for
the public in obtaining vehicle financing.
Syamsidar Raodah
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 449
Page 452
06 SUPPORTING DATA
Page 453
Page 454
OPERATIONAL
AREA
Sumbagut Kalimantan
68 Networks 82 Networks
177 Thousands of Customers 217 Thousands of Customers
Sumbagteng
62 Networks
131Thousands of Customers
Sumbagsel
112 Networks
218 Thousands of Customers
Jabodetabekser
78 Networks
549 Thousands of Customers
West Java
82 Networks Central Java
245 Thousands of Customers 75 Networks
236 Thousands of Customers
452 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 455
Sulawesi
218 Networks
504 Thousands of Customers
Bali & Nusa Tenggara
East Java 37 Networks
63 Networks 121 Thousands of Customers
181 Thousands of Customers
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 453
Page 456
ALAMAT JARINGAN USAHA PERUSAHAAN
HEAD OFFICE JAKARTA – KELAPA GADING BEKASI 1 – GRAND MALL
Millenium Centennial Center (CAR) Komplek Grand Mall Blok C
Jl. Jend. Sudirman Kav 25, Karet, Komp. Ruko Kokan Permata, No. 9-11, No 1, Jl. Jenderal
Setiabudi, Jakarta Selatan Kelapa Gading Blok F 3A,5,6,7, Sudirman, Kel. Harapan Mulya,
Telp : 021- 52963322/3232 Kelapa Gading, Jakarta Utara, DKI Kec. Medan Satria, Bekasi,
Faks : 021-52964159 Jakarta Jawa Barat
Telp : 021-45851314 Telp : 021-8892107
JABODETABEKSER AREA - Faks : 021-45860710 Faks : 021-88955379
BRANCH OFFICE
KETAPANG – JAKARTA PUSAT PONDOK GEDE – JATIRAHAYU
JAKARTA SELATAN 1 – TEBET JL. KH. Zainul Arifin No. 27, Blok Jl. Raya Hankam No. 60 A-B,
Jl. KH Abdullah Syafe’i A3-A4, RT/RW 002/001, Kel. Petojo RT/RW 07/05, Kel. Jatirahayu,
No. 50 A-C RT/RW 012/009, Utara, Kec. Petojo, Jakarta Pusat, Kec. Pondok Melati, Bekasi,
Kel. Bukit Duri, Kec. Tebet, DKI Jakarta Jawa Barat
Jakarta Selatan, DKI Jakarta Telp : 021-6322707 Telp : 021-84995340
Telp : 021-7902829 Faks : 021-6322709 Faks : -
Faks : 021-79191878
DAAN MOGOT – JAKARTA PONDOK GEDE (CAR) –
JAKARTA 3 (CAR) – TEBET BARAT JATIRAHAYU
Jl. KH Abdullah Syafe’i Jl. Tanah Lot Blok LC I No 14 - 15, Jl. Raya Hankam No. 60 A-B,
No. 50 A-C, RT/RW 012/009, Bukit RT/RW 008/012, Kel. Kalideres, RT/RW 07/05, Kel. Jatirahayu,
Duri, Kec. Tebet, Jakarta Selatan, Kec. Kalideres, Jakarta Barat, Kec. Pondok Melati, Bekasi,
DKI Jakarta DKI Jakarta Jawa Barat
Telp : 021-79187576 Telp : 021-54376721 Telp : 021-84995340
Faks : 021-79191878 Faks : 021-54376342 Faks : -
CILEDUG – TANGERANG DAAN MOGOT (CAR) – JAKARTA BEKASI 2 – TAMBUN
H.O.S Cokroaminoto (Ciledug BARAT Ruko Permata Metropolitan
Raya) RT/RW 001/006, Jl. Tanah Lot Blok LC I No 14 - 15, Blok A3 No. 31-33
Kel. Sudimara Timur, RT/RW 008/012, Kel. Kalideres, Jl. Sultan Hasanudin,
Kec. Ciledug, Tangerang, Banten Kec. Kalideres, Jakarta Barat, Kel. Tambun, Kec. Tambun,
Telp : 021-73446773 DKI Jakarta Bekasi, Jawa Barat
Faks : 021-7323662 Telp : 021-54376721 Telp : 021-8831881
Faks : 021-54376342 Faks : 021-88366581
CIPUTAT – TANGERANG
SELATAN JAKARTA 2 (CAR) – PONDOK BEKASI 3 (CAR) – HARAPAN
Kompleks Ruko Ciputat LOT, INDAH INDAH
Jl Dewi Sartika Kav 22-23, Ruko Plaza 5 Pondok Indah Blok Mega Office Park Blok OP.3
RT/RW 002/009, Ciputat, C – 6, Jl. Margaguna Raya, Nomor 2 jalan Harapan Indah
Tangerang Selatan, Banten Kel. Gandaria Utara, Bulevar, Kel. Medan Satria,
Telp : 021-7415209 Kec. Kebayoran Baru, Kec. Medan Satria, Bekasi,
Faks : 021-7406974 Jakarta Selatan, DKI Jakarta Jawa Barat
Telp : 021-7233336 Telp : 021-88866352
CIPUTAT (CAR) – TANGSEL Faks : 021-7233337 Faks : -
Kompleks Ruko Ciputat LOT,
Jl Dewi Sartika Kav 22-23, JAKARTA BARAT (CAR) – BEKASI 4 – HARAPAN INDAH
RT/RW 002/009, Ciputat, LATUMENTEN Mega Office Park Blok OP.3
Tangerang Selatan, Banten Ruko Seasons City Blok A07, Nomor 2 jalan Harapan Indah
Telp : 021-7415209 Jl. Latumenten No. 33, Bulevar, Kel. Medan Satria,
Faks : 021-7406974 Kel. Jembatan Besi, Kec. Medan Satria, Bekasi,
Kec. Tambora, Jakarta Barat, Jawa Barat
JAKARTA – KELAPA GADING DKI Jakarta Telp : 021-88866352
Komp. Ruko Kokan Permata, Telp : 021-29071301 Faks : -
Kelapa Gading Blok F3A,5,6,7, Faks : 021-29071303
Kelapa Gading, Jakarta Utara, BEKASI 5 – CIKARANG
DKI Jakarta CIKARANG – SENTRA Komp. Ruko Cikarang Square
Telp : 021-45851314 Komp. Ruko Bagasasi Jl. Raya Cikarang-Cibarusah Blok
Faks : 021-45860710 Sentra Cikarang Blok B 20-22, B No.12, Kel. Pasirsari,
Jl. Raya Cikarang-Cibarusah Kec. Cikarang Selatan,
RT/RW 12/005, Kel. Sukaresmi, Bekasi, Jawa Barat
Kec. Cikarang Selatan, Bekasi, Telp : 021-89119761
Jawa Barat Faks : 021-89119765
Telp : 021-89117744
Faks : 021-89117745
454 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 457
Supporting
Data
TANGERANG – ALAM SUTERA 1 CILEUNGSI MALL CIBINONG – BOGOR
Jl. Raya Serpong Km. 7, Alam Jl. Raya Narogong Komplek Mall Graha Cibinong Block C1 no 21-23 Performance
Highlights
Sutera, BSD, Kel. Buaran, Cileungsi Blok C14-17, Jln Raya Jakarta-Bogor Km.43,
Kec. Buaran, Tangerang, Banten Kel. Cileungsi Kidul, Ciri Mekar, Cibinong, Bogor
Telp : 021-53124550 Kec. Cileungsi, Cileungsi, Telp : 021-87908409 Opening
Faks : 021-53124559 Jawa Barat Faks : 021-87908900
Telp : 021-82496928
TANGERANG – Faks : 021-82480306 BEKASI (HI) Management
ALAM SUTERA 2 (CAR) Ruko Grand Mall Blok D, Report
Jl. Raya Serpong Km. 7, Alam DEPOK – MARGONDA No 37-38, Jl. Jend Sudirman
Sutera, BSD, Kel. Buaran, Jl. Margonda Raya No. 88 A-C, Bekasi, Kel. Harapan Mulya, Corporate
Kec. Buaran, Tangerang, Banten Kel. Kemiri Muka, Kec. Beji, Kec. Medan Satria, Kota Bekasi, Profile
Telp : 021-53124560 Depok, Jawa Barat Jawa Barat
Faks : - Telp : 021-77204222 Telp : -
Faks : 021-77200022 Faks : - Management
Discussion
and Analysis
CIKUPA – CITRA RAYA
Perumahan Citra Raya, Boulevard DEPOK 3 (CAR) – MARGONDA BOGOR (HI)
Raya Citra Raya Blok L 01/15 R, Jl. Margonda Raya No. 88 A-C, Jl. Ahmad Yani, No 104, Corporate
Kel. Cikupa, Kec. Cikupa, Kel. Kemiri Muka, Kec. Beji, Kel. Tanah Sareal, Governance
Tangerang, Banten Depok, Jawa Barat Kec. Tanah Sareal,
Telp : 021-59400382 Telp : 021-77207408 Kota Bogor, Jawa Barat
Faks : - Faks : 021-77207409 Telp : Environmental
and Social
Faks : Responsibility
PASAR BARU – TANGERANG CIMANGGIS – DEPOK
Jl Mohammad Toha No 14 C & 14 D, Jl. Raya Jakarta Bogor KM 31, CIBINONG (HI)
Kel. Gerendeng, Kec. Karawaci, RT/RW, 001/005, Kel. Cisalak, Ruko Mayor Oking II, Blok B3,
Tangerang, Banten Kec. Sukmajaya, Depok, Jl. Mayor Oking No. 3,
Telp : 021-5537799 Jawa Barat Kel. Cirimekar, Kec. Cibinong,
Faks : 021-5537798 Telp : 021-87714727 Kab. Bogor, Jawa Barat
Faks : 021-87714730 Telp : -
SERANG – AHMAD YANI Faks : -
Jl. A. Yani No 157 RT/RW 01/04, DEPOK 4 – SAWANGAN
Kel. Sumur Pucung, Kec. Serang, Jl. Raya Sawangan, CIKARANG (HI)
Serang, Banten RT/RW 01/02, Kel. Rangkapan Ruko Mega Surya No.16 M,
Telp : 0254-209810 Jaya, Kec. Pancoran Mas, Jl. Raya Cibarusah, Kel. Pasirsari,
Faks : 0254-209818 Depok, Jawa Barat Kec. Cikarang Selatan,
Telp : 021-77883737 Kab. Bekasi, Jawa Barat
SERANG 2 (CAR) – AHMAD YANI Faks : 021-77886259 Telp : -
Jl. A. Yani No 157 RT/RW 01/04, Faks : -
Kel. Sumur Pucung, Kec. Serang, BOGOR 1 – TAJUR
Serang, Banten Jl. Raya Tajur No. 158 A-C, CILEUNGSI (HI)
Telp : 0254-209810 RT/RW 01/06, Kel. Pakuan, Jl. Raya Narogong KM 21,
Faks : 0254-209818 Kec. Bogor Selatan, Bogor, Kp. Rawahingkik, RT/RW 002/018,
Jawa Barat Kel. Cileungsi, Kab. Bogor,
CILEGON – AHMAD YANI Telp : 0251-8390373 Jawa Barat
Jl. A. Yani Link Kalang Anyar Faks : 0251-8384222 Telp : -
RT/RW 006/001, Kel. Kedaleman, Faks : -
Kec. Cibeber, Cilegon, Banten BOGOR 2 (CAR) – TAJUR
Telp : 0254-377581 Jl. Raya Tajur No. 162 D, LEUWILIANG (HI)
Faks : 0254-377741 Kel. Pakuan, Kec. Bogor Selatan, Jl. Raya Cimanggu 1,
Bogor Selatan, Jawa Barat RT/RW 01/01, Kel. Cimanggu,
CILEGON (CAR) – AHMAD YANI Telp : 0251-378862 Kec. Cibungbulang, Kab. Bogor,
Jl. A. Yani Link Kalang Anyar Faks : 0251-310543 Jawa Barat
RT/RW 006/001, Kel. Kedaleman, Telp :
Kec. Cibeber, Cilegon, Banten BOGOR 3 – SOLEH ISKANDAR Faks :
Telp : 0254-377581 Ruko Blok B5 dan B6, Plaza Indah
Faks : 0254-377741 Bogor, JL. KH Soleh Iskandar PARUNG (HI)
Dinata No 476, A, RT/RW 004/009, Jl. Raya Parung - Bogor KM 1,
RANGKAS BITUNG – LEBAK Kel. Kedung Badak, RT/RW 002/006, Kel. Parung,
Jl. Mutatuli No. 38 A Kec. Tanah Sareal, Bogor, Kec. Parung, Kab. Bogor,
Rangkasbitung Lebak Jawa Barat Jawa Barat.
Banten, Muaraciujung Barat, Telp : 0251-8362714 Telp : -
Rangkasbitung, Banten Faks : 0251-8362714 Faks : -
Telp : 08121117118
Faks : - BOGOR – LEUWILIANG
Ruko Cemplang,
Jl. Galuga RT/RW 002/006,
Ds. Dukuh, Cempalang,
Cibungbulang, Bogor
Telp : 0251-8640140
Faks : -
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 455
Page 458
TANGERANG 3 – CIPUTAT – TANGSEL TANGERANG 3 –
IMAM BONJOL – (HI) Kompleks Ruko Ciputat Lot, IMAM BONJOL (HI)
Ruko Victoria Park Blok A1 Jl. Dewi Sartika, Kav 22-23, Ruko Victoria Park Blok A1,
No. 16-17, Jl. Imam Bonjol, RT/RW 002/009, Kel. Ciputat, No. 16-17 Jl. Imam Bonjol,
RT/RW 002/006, Kel. Bojong Jaya, Kec. Ciputat, Tangerang Selatan, RT/RW 002/006, Kel. Bojong Raya,
Kec. Karawaci, Kota Tangerang, Banten Kec. Karawaci, Tangerang, Banten
Banten Telp : 021-7415209 Telp :
Telp : - Faks : 021-7406974 Faks :
Faks : -
BEKASI 1 – GRAND MALL CINERE – JAKARTA SELATAN
CINERE – JAKARTA SELATAN – (HI) Komplek Grand Mall Blok C Jl. Mampang Prapatan Raya
Jl. Mampang Prapatan Raya No. 9-11, Jl. Jend. Sudirman No 1, No. 108 B3A, RT/RW. 002/001,
No. 108 - B3A, RT/RW 002/001, Kel. Harapan Mulya, Kelurahan Duren Tiga,
Kel. Duren Tiga, Kec. Pancoran, Kec. Medan Satria, Bekasi, Kecamatan Pancoran,
Kota Jakarta Selatan, Jawa Barat Kota Jakarta Selatan,
Provinsi DKI Jakarta. Telp : - Provinsi DKI Jakarta.
Telp : - Faks : - Telp : -
Faks : - Faks : -
SERANG – AHMAD YANI
CIGUDEG (HI) Jl. A. Yani No 157, RT/RW 01/04, SERANG 3 – TITAN ARUM
Kp. Papanggungan, RT/RW 01/12, Kel. Sumur Pecung, Kec. Serang, Jl. Raya Serang Cilegon,
Kel. Bunar, Kec. Cigudeg, Serang, Banten Ruko Titan Arum Blok B,
Kab. Bogor, Jawa Barat Telp : 0254-209810 Kel. Drangong, Kec. Taktakan,
Telp : - Faks : 0254-209818 Kota Serang, Banten
Faks : - Telp : -
SERANG – AHMAD YANI II Faks : -
BALARAJA (HI) Jl. A. Yani No 157, RT/RW 01/04,
Citra Raya, Grand Boulevard Kel. Sumur Pecung, Kec. Serang, JABODETABEKSER AREA -
Blok V 1 A No. 207, Kel. Ciakar, Serang, Banten OFFICES OTHER THAN BRANCH
Kec. Panongan, Kab. Tangerang, Telp : 0254-209810 OFFICES
Banten Faks : 0254-209818
Telp : - CIPUTAT – PONDOK LABU
Faks : - BOGOR 1 – TAJUR Jl. RS.Fatmawati Raya No. 14A,
Jl. Raya Tajur No. 158 A-C, RT/RW 006/010,
SERANG 3 – TITAN ARUM (HI) RT/RW 01/06, Kel. Pakuan, Kel. Pondok Labu,
Jl. Raya Serang Cilegon, Kec. Bogor Selatan, Bogor, Kec. Cilandak, Jakarta Selatan,
Ruko Titan Arum Blok B, Jawa Barat DKI Jakarta
Kel. Drangong, Kec. Taktakan, Telp : 0251-390372 Telp : -
Kota Serang, Banten Faks : 0251-384222 Faks : -
Telp : -
Faks : - BEKASI (HI) KELAPA GADING – KALIMALANG
Ruko Grand Mall Blok D, Ruko Kalimalang Square,
SENTRA COMMERCIAL No. 37-38, Jl. Jend Sudirman Jl. Raya Inspeksi Kalimalang
JABODETABEK – JAKARTA Bekasi, Kel. Harapan Mulya, No. 9, Kel. Pondok Labu,
UTARA Kec. Medan Satria, Bekasi, Kec. Duren Sawit, Jakarta Timur,
Komp. Ruko Kokan Permata Jawa Barat DKI Jakarta
Kelapa Gading Blok F 3A,5,6,7, Telp : - Telp : 021-38851096
Kel. Kelapa Gading, Faks : - Faks : -
Kec. Kelapa Gading,
Kota Jakarta Utara, DKI Jakarta BOGOR (HI) BEKASI – BANTARGEBANG
Telp : 021-45851314 Jalan Ahmad Yani, No. 104, Ruko Narogong Hill No. 18
Faks : 021-45860710 RT/RW 003/003, Kel. Tanah Sareal, Jl. Raya Narogong KM 10,
Kec. Tanah Sareal, Bogor, Kel. Bantargebang,
JABODETABEKSER AREA Jawa Barat. Kec. Bantargebang,
- SYARIAH BUSINESS UNIT Telp : - Bekasi, Jawa Barat
BRANCH OFFICE Faks : - Telp : -
Faks : 022138716102
JAKARTA 3 (CAR) – TEBET CILEUNGSI (HI)
Jl. KH Abdullah Syafe’i Jl. Raya Narogong, KM 21, CIKUPA – BALARAJA
No. 50 A-C, RT 012 RW 009, Kp. Rawahingkik RT/RW 002/018, Jl. Raya Serang, RT/RW 003/002,
Kel. Bukit Duri, Kec. Tebet, Kel. Cileungsi, Bogor, Jawa Barat Kel. Telaga Sari, Kec. Balaraja,
Jakarta Selatan, DKI Jakarta Telp : - Tangerang, Banten
Telp : 021 - 7902829 Faks : - Telp : 022189087935
Faks : 021-79191878 Faks : -
456 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Supporting
Data
RANGKAS BITUNG – LABUAN BEKASI – BANTARGEBANG BANDUNG 6 – PUNGKUR
Jl. Raya Jendral Sudirman – Ruko Narogong Hill No. 18 Jl. Pungkur No. 117 Performance
Highlights
Labuan (depan SPBU 34 422 03), Jl. Raya Narogong KM 10, RT/RW 006/005,
Kel. Sukamaju, Kec. Labuan, Kel. Bantargebang, Kel. Balonggede, Kec. Regol,
Banten, Banten Kec. Bantargebang, Bandung Opening
Telp : - Bekasi, Jawa Barat Telp : 022 - 4241001
Faks : - Telp : - Faks : 022 - 4221982
Faks : - Management
RANGKAS BITUNG – SUMEDANG – MAYOR Report
MALINGPING BOGOR 1 – LIDO ABDURAHMAN
JL. Raya Malingping - Bayah Kp. Tambakan Jl. Raya Danau Jl. Mayor Abdurahman Corporate
Kp. Polotot Tengah Desa Lido RT/RW 002/001, No. 103, Kel. Kotakaler, Profile
Kel. Sukaraja, Kec. Malingping, Kel. Wates Jaya, Kec. Cigombong, Kec. Sumedang Utara,
Lebak, Banten, Banten Bogor, Jawa Barat Sumedang, Jawa Barat
Telp : - Telp : - Telp : 0261-201099 Management
Discussion
and Analysis
Faks : - Faks : - Faks : 0261-208256
CILEUNGSI – JONGGOL WEST JAVA AREA - SUMEDANG (HI) Corporate
Jl. Raya Jonggol No. 9, BRANCH OFFICE Jalan Prabu Gajah Agung, Governance
RT/RW 003/011, Kel. Jonggol, RT/RW 001/006, Kel. Jatihurip,
Kec. Jonggol, Bogor, Jawa Barat BANDUNG – SOEKARNO HATTA Kec. Sumedang Utara,
Telp : - Jl. Soekarno Hatta No. 380, Kab. Sumedang, Jawa Barat. Environmental
and Social
Faks : - Kel. Situsaeur, Telp : - Responsibility
Kec. Bojong Loa Kidul, Faks : -
BOGOR 1 – LIDO Bandung, Jawa Barat
Kp. Tambakan Jl. Raya Danau Telp : 022-5210766 SUBANG – OTO
Lido RT/RW 002/001, Faks : 022-5210769 ISKANDARDINATA
Kel. Wates Jaya, Kec. Cigombong, Jl. Oto Iskandardinata No. 103,
Bogor, Jawa Barat BALEENDAH – JAKSANARANATA RT/RW 40/10, Kel. Karanganyar,
Telp : - Jl. Jaksanaranta No. 7 Kec. Subang, Subang, Jawa Barat
Faks : - RT/RW 03/15, Kel. Baleendah, Telp : 0260-421172
Kec. Baleendah, Kab. Bandung, Faks : 0260-414166
BOGOR 3 – PARUNG Jawa Barat
Jl. Raya Kampung Jati, Telp : 022-88882452 PAMANUKAN – SUBANG
RT/RW 002/006, Kel. Parung, Faks : 022-88882594 Jl. Raya Eyangtirtapraja No. 45
Kec, Parung Kuda, RT/RW 02/08,
Bogor, Jawa Barat BANDUNG (CAR) – PETA Kel. Desa Pamanukan Kota,
Telp : 0251-2007004 Jl. Peta No. 156, RT/RW 01/04, Kec. Pamanukan, Subang,
Faks : - Kel. Sukaasih, Jawa Barat
Kec. Bojongloa Kaler, Bandung Telp : 0260-555070
LEUWILIANG – PARUNG Telp : 022-6046331 Faks : 0260-555066
PANJANG Faks : 022-6046327
Jl. Moch. Toha No. 23 KARAWANG – KERTABUMI
RT/RW 001/004, CIMAHI – NGRAMPAH Jl. Kerta Bumi No. 29 E-F,
Kel. Parung Panjang, Jl. Gadobangkong No. 94, RT/RW 003/009, Kel. Nagasari,
Kec. Parung Panjang, RT/RW 02/03, Kel. Gadobangkong, Kec. Karawang Barat,
Bogor, Jawa Barat Kec. Ngrampah, Cimahi, Karawang, Jawa Barat
Telp : 021-35299476 Jawa Barat Telp : 0267-411511
Faks : - Telp : 022-6632500 Faks : 0267-400274
Faks : 022-6632530
CIBINONG – GUNUNG PUTRI KARAWANG (CAR) – KERTABUMI
Komp. Ferry Sonneville Blok C.17, BANDUNG – UJUNG BERUNG Jl. Kerta Bumi No. 29 E-F,
Kel. Tlanjung Udik, Komp. Tritanpoint Bandung RT/RW 003/009, Kel. Nagasari,
Kec. Gunung Putri, Jl. AH Nasution No. B3-19 & B3-20, Kec. Karawang Barat,
Bogor, Jawa Barat Kel. Cipadung Wetan, Karawang, Jawa Barat
Telp : - Kec. Ujung Berung, Telp : 0267-411511
Faks : - Bandung, Jawa Barat Faks : 0267-400274
Telp : 022-7218491
JABODETABEKSER AREA Faks : 022-7216250 CIKAMPEK – PURWAKARTA
- SYARIAH BUSINESS UNIT Jl. Veteran Blok Cihideung No. 77,
OFFICES OTHER THAN BRANCH UJUNG BERUNG (HI) RT/RW 05/02, Kel. Ciseureuh,
OFFICES Jl. A.H Nasution No. 103, Kav. 29 Kec. Purwakarta, Purwakarta,
RT/RW 005/001, Jawa Barat
CIPUTAT – PONDOK LABU Kel. Karang Pamulang, Telp : 0264-231515
Jl. RS.Fatmawati Raya No. 14A, Kec. Mandalajati, Faks : 0264-231516
RT/RW 006/010, Kota Bandung, Jawa barat
Kel. Pondok Labu, Kec. Cilandak, Telp : -
Jakarta Selatan, DKI Jakarta Faks : -
Telp : -
Faks : -
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 457
Page 460
TASIKMALAYA – JUANDA BANDUNG (HI) JATIBARANG (HI)
Komp. Ruko TFT Jl. Moch. Ramdhan 31B, Jl. Raya Kongsijaya No. 69,
Jl. Ir. H. Juanda No. 18, RT/RW 002/001, Kel. Ancol Kel. Kongsijaya, Kec. Widasari,
RT/RW 001/004, Kel. Linggajaya, Kec. Regol, Bandung, Jawa Barat Indramayu, Jawa Barat.
Kec. Mangkubumi, Telp : - Telp : -
Tasikmalaya, Jawa Barat Faks : - Faks : -
Telp : 0265-327525
Faks : 0265-313358 BANJAR (HI) KADIPATEN (HI)
Ruko Victoria Plaza Kav. B No. 8-9, Jl. Raya Cideres No. 10,
GARUT – CIKURAY Jalan Mayjend Didi Kartasasmita, RT/RW 003/002,
Jl. Cikuray No. 66, Kel. Banjar, Kec. Banjar, Kel. Bojongcideres, Kec. Dawuan,
RT/RW 004/002, Kel. Regol, Banjar, Jawa Barat Majalengka, Jawa Barat
Kec. Garut Kota, Garut, Telp : - Telp : -
Jawa Barat Faks : - Faks : -
Telp : 0262-240882
Faks : 0262-243307 BANJARAN (HI) KARAWANG (HI)
Komplek Bintang Motor Jl. Jend. A. Yani By Pass No. 82,
BANJAR – DIDI KARTASASMITA Blok B7-9, Jl. Raya Banjaran Kel. Karangpawitan,
Komp Pertokoan Voctoria Plaza, Nambo No. 677, Kel. Batukarit, Kec. Karawang Barat,
Jl. Mayjend. Didi Kartasasmita Kec. Arjasari, Bandung, Karawang, Jawa Barat
Blok 8, No. 3, 5, 6, Jawa Barat Telp : -
Kel. Banjar Kolot, Kec. Banjar, Telp : - Faks : -
Banjar, Jawa Barat Faks : -
Telp : 0265-745288 KUNINGAN (HI)
Faks : 0265-745290 CIANJUR (HI) Jl. Raya Siliwangi No. 40,
Jl. KH. Abdullah Bin Nuh No. 40A, Kel. Cijoho, Kec. Kuningan,
CIREBON – WAHIDIN RT/RW 003/008, Kel. Pamoyanan, Kuningan, Jawa Barat
Jl. Dr. Wahidin Sudirohusodo Kec. Cianjur, Cianjur, Jawa Barat Telp : -
No. 63 RT/RW 01/01, Kel. Sukapura, Telp : - Faks : -
Kec. Kejaksan, Cirebon, Jawa Faks : -
Barat PANGANDARAN (HI)
Telp : 0231-230750 CIAWI (HI) Jl. Raya Cijulang No. 168
Faks : 0231-225672 Komplek Ruko AR Rusydu Wonoharjo Pangandaran,
Blok A2, Jl. Raya Perjuangan, Dusun Kedungrejo
MAJALENGKA – ABDUL HALIM Kel. Kurniabakti, Kec. Ciawi, RT/RW 01/03, Kel. Wonoharjo,
Ruko Taman Hana Sakura, Ciawi, Jawa Barat Kec. Pangandaran,
Jl. Raya Cigasong Jatiwangi, Telp : - Pangandaran, Jawa Barat
Kel. Cicenang, Kec. Cigasong, Faks : - Telp : -
Majalengka, Jawa Barat Faks : -
Telp : 0233-281223 CIMAHI (HI)
Faks : 0233-8285130 Jl. Jend. H. Amir Mahmud PARUNGKUDA (HI)
No. 310, Ruko B-2, Kel. Cibabat, Jl. Raya Sukabumi,
JATIBARANG – WIDASARI Kec. Cimahi Utara, Kp. Leuwi Orok, RT/RW 011/005,
Jl. Raya Bangkaloa Ilir No. 25, Cimahi, Jawa Barat Kel. Sundawenang,
Jatibarang, Kel. Bangkaloa Ilir, Telp : - Kec. Parungkuda, Sukabumi,
Kec. Widasari, Indramayu, Faks : - Jawa Barat
Jawa Barat Telp : -
Telp : 0234-5357330 CIREBON (HI) Faks : -
Faks : 0234-353300 Jl. Brigjen Darsono No. 34,
RT/RW 01/03 Kel. Kedawung, PATROL (HI)
SUKABUMI – PABUARAN Kec. Kedawung, Cirebon, Jl. Raya Patrol No. 69,
Jl. Surya Kencana No. D5-D6, Jawa Barat RT/RW 004/003 Kel. Patrol,
RT/RW 003/001, Telp : - Kec. Patrol, Indramayu,
Kel. Gunung Parang, Kec. Cikole, Faks : - Jawa Barat
Sukabumi, Jawa Barat Telp : -
Telp : 0266-215366 GARUT (HI) Faks : -
Faks : 0266-217203 Ruko Diamond Dream Land Blok
A7-8, Jl. Suherman No. 44, PELABUHAN RATU (HI)
CIANJUR – JUANDA Kel. Tarogong, Kec. Tarogong, Jl. Bhayangkara No. 5,
Jl. IR. H. Juanda No. 19B & 19C, Garut, Jawa Barat Kp. Pintu Air, RT/RW 002/017,
RT/RW 01/13, Kel. Kp. Selokapi, Telp : - Kel. Citepus,
Kec. Cianjur, Cianjur, Jawa Barat Faks : - Kec. Pelabuhan Ratu,
Telp : 0263-282723 Sukabumi, Jawa Barat
Faks : 0263-282726 JAMPANG (HI) Telp : -
Jl. Raya Kateu, RT/RW 011/004, Faks : -
Kel. Surade, Kec. Surade,
Sukabumi, Jawa Barat
Telp : -
Faks : -
458 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Supporting
Data
PURWAKARTA (HI) CIREBON – WAHIDIN PELABUHAN RATU (HI)
Jl. Ibrahim Singadilaga No. 51, Jl. Dr. Wahidin Sudirohusodo Jl. Bhayangkara No. 5, Performance
Highlights
RT/RW 08/01, Kel. Nagikaler, No. 63, RT/RW 01/01, Kp. Pintu Air, RT/RW 002/017,
Kec. Purwakarta, Purwakarta, Kel. Sukapura, Kec. Kejaksan, Kel. Citepus,
Jawa Barat Cirebon, Jawa Barat Kec. Pelabuhan Ratu, Opening
Telp : - Telp : 0231-230750 Sukabumi, Jawa Barat
Faks : - Faks : 0231-225672 Telp : -
Faks : - Management
SUBANG (HI) BANDUNG (HI) Report
Ruko Rawabadak Blok B5, Jl. Moch. Ramdhan 31B, SUMEDANG (HI)
Jl. Kapten Hanafiah, RT/RW 002/001, Kel. Ancol, Jl. Prabu Gajah Agung, Corporate
RT/RW 098/027, Kec, Regol, Bandung, Jawa Barat RT/RW 001/006, Kel. Jatihurip, Profile
Kel. Karanganyar, Kec. Subang, Telp : - Kec. Sumedang Utara,
Subang, Jawa Barat Faks : - Kab. Sumedang, Jawa Barat.
Telp : - Telp : - Management
Discussion
and Analysis
Faks : - BANJAR (HI) Faks : -
Ruko Victoria Plaza Kav. B No. 8-9,
SUKABUMI (HI) Jl. Mayjend Didi Kartasasmita, KUNINGAN (HI) Corporate
Jl. Bhayangkara No. 33-34, Kel. Banjar, Kec. Banjar, Jl. Raya Siliwangi No. 40, Governance
Kel. Gunung Puyuh, Banjar, Jawa Barat RT/RW 007/005, Kel. Cijoho,
Kec. Gunung Puyuh, Telp : - Kec. Kuningan, Kuningan,
Sukabumi, Jawa Barat Faks : - Jawa Barat Environmental
and Social
Telp : - Telp : - Responsibility
Faks : - CIANJUR (HI) Faks : -
Jl. KH. Abdullah Bin Nuh No. 40A,
TANGGEUNG (HI) RT/RW 003/008, Kel. Pamoyanan, SUKABUMI (HI)
Jl. Sukanagara Kp. Pos, Kec. Cianjur, Cianjur, Jawa Barat Jl. Bhayangkara No. 33-34,
RT/RW 001/002, Kel. Sukanagara, Telp : - Kel. Gunung Puyuh,
Kec. Sukanagara, Cianjur, Faks : - Kec. Gunung Puyuh,
Jawa Barat Sukabumi, Jawa Barat
Telp : - CIMAHI (HI) Telp : -
Faks : - Jl. Jend. H. Amir Mahmud Faks : -
No. 310, Ruko B-2, Kel. Cibabat,
TASIKMALAYA (HI) Kec. Cimahi Utara, Cimahi, TASIKMALAYA (HI)
Jl. Moch. Hatta No. 169, Jawa Barat Jl. Moch. Hatta No. 169,
RT/RW 001/020, Kel. Sukamanah, Telp : - RT/RW 001/020, Kel. Sukamanah,
Kec. Cipedes, Tasikmalaya, Faks : - Kec. Cipedes, Tasikmalaya,
Jawa Barat Jawa Barat
Telp : - GARUT (HI) Telp : -
Faks : - Ruko Diamond Dream Land Blok Faks : -
A7-8, Jl. Suherman No. 44,
WEST JAVA AREA - SYARIAH Kel. Tarogong, Kec. Tarogong, WEST JAVA AREA - OFFICES
BUSINESS UNIT BRANCH OFFICE Garut, Jawa Barat OTHER THAN BRANCH OFFICES
Telp : -
BANDUNG (CAR) – PETA Faks : - BALEENDAH – MAJALAYA
Jl. Peta No. 156, RT/RW 01/04, Kel. Jl. Raya Majalaya - Cicalengka,
Sukaasih, Kec. Bojongloa Kaler, JATIBARANG (HI) Kp. Sukasari, RT/RW 001/014,
Bandung Jl. Raya Kongsijaya No. 69, Kel. Mekarpawitan, Kec. Paseh,
Telp : 022-6046331 Kel. Kongsijaya, Kec. Widasari, Bandung, Jawa Barat
Faks : 022-6046327 Indramayu, Jawa Barat. Telp : 022-85962066
Telp : - Faks : 022-85962067
BANDUNG – UJUNGBERUNG Faks : -
Komp. Tritanpoint Bandung, CIMAHI – CILILIN
Jl. AH Nasution No. B3-19 & B3-20, KADIPATEN (HI) Kp. Rancapanggung,
Kel. Cipadung Wetan, Jl. Raya Cideres No. 10, RT/RW 002/004,
Kec. Ujungberung, RT/RW 003/002, Kel. Rancapanggung, Kec. Cililin,
Bandung, Jawa Barat Kel. Bojong Cideres, Kec. Dawuan, Bandung Barat, Jawa Barat
Telp : 022-7218491 Majalengka, Jawa Barat Telp : 022-68183502
Faks : 022-7216250 Telp : - Faks : -
Faks : -
TASIKMALAYA – JUANDA SUMEDANG – TANJUNG SARI
Komp. Ruko TST KARAWANG (HI) Perumahan Babakan Jati Permai,
Jl. Ir. H. Juanda No. 18, Jl. Jend. A. Yani By Pass No. 82, Jl. Tanjung Sari No. 154,
RT/RW 001/004, Kel. Linggajaya, Kel. Karangpawitan, RT/RW 02/06, Kec. Jatisari,
Kec. Mangkubumi, Kec. Karawang Barat, Kel. Tanjung Sari, Sumedang,
Tasikmalaya, Jawa Barat Karawang, Jawa Barat Jawa Barat
Telp : 0265-327525 Telp : - Telp : 022-7914290
Faks : 0265-313358 Faks : - Faks : 022-7914296
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KARAWANG – BANJAR – PANGANDARAN TASIKMALAYA –
RENGASDENGKLOK Jl. Raya Babakan Dusun KARANGNUNGGAL
Jl. Raya Rengasdengklok, Karanggedang, RT/RW 03/04, Jl. Raya Karangnunggal,
RT/RW 009/003, Kel. Amansari, Kel. Babakan, Kec. Pangandaran, RT/RW 01/07, Kel. Karangnunggal,
Kec. Rengasdengklok, Pangandaran, Jawa Barat Kec. Karangnunggal,
Karawang, Jawa Barat Telp : 0265-631585 Tasikmalaya, Jawa Barat
Telp : 0267-8485191 Faks : 0265-631584 Telp : 0265-580469
Faks : 0267-8485207 Faks : -
CIREBON – CILEDUG
PURWAKARTA – CIKAMPEK Jl. Pangeran Walasungsang CIREBON – CILEDUG
Jl. Ir. H. Djuanda No. 89 C, No. 137, RT/RW 001/001, Jl. Pangeran Walasungsang,
Kp. Sukaseuri, RT/RW 005/002, Kel. Jatiseeng, No. 137, RT/RW 001/001,
Kel. Sarimulya, Kec. Kotabaru, Kec. Ciledug, Cirebon, Jawa Barat Kel. Jatiseeng,
Karawang, Jawa Barat Telp : 0231-663709 Kec. Ciledug, Cirebon, Jawa Barat
Telp : 0264-4304703 Faks : 0231-663712 Telp : 0231-663709
Faks : 0264-304580 Faks : 0231-663712
MAJALENGKA – KUNINGAN
TASIKMALAYA – SINGAPARNA Jl. Pramuka No. 38, CENTRAL JAVA AREA -
Kp. Babakan Cianda, RT/RW 007/003, BRANCH OFFICE
RT/RW 01/012, Kel. Purnawirangun,
Kel. Desa Cilampung Hilir, Kec. Kuningan, SEMARANG – MT HARYONO
Kec. Padakembang, Kuningan, Jawa Barat Jl. MT. Haryono 657 A,
Tasikmalaya, Jawa Barat Telp : 0232-8881980 Kel. Wonodri,
Telp : 0265-545770 Faks : 0232-8880442 Kec. Semarang Selatan,
Faks : 0265-545783 Semarang, Jawa Tengah
JATIBARANG – PATROL Telp : 024-8318866
TASIKMALAYA – KARANG Jl. Raya Patrol, RT/RW 004/003, Faks : 024-8416800
NUNGGAL Kel. Patrol, Kec. Sukra,
Jl. Raya Karangnunggal, Indramayu, Jawa Barat SEMARANG 2 (CAR) – MT
RT/RW 01/07, Kel. Karangnunggal, Telp : 0234-612816 HARYONO
Kec. Karangnunggal, Faks : 0234-612817 Jl. MT. Haryono 657 A
Tasikmalaya, Jawa Barat Kel. Wonodri,
Telp : 0265-580469 SUKABUMI – PELABUHAN RATU Kec. Semarang Selatan,
Faks : - Jl. Jend. Sudirman No. 99, Semarang, Jawa Tengah
RT/RW 002/017, Kp. Pintu Air, Telp : -
GARUT – CIKAJANG Kel. Citepus, Faks : -
Jl. Raya Cikajang, Kp. Cibodas, Kec. Pelabuhan Ratu,
RT/RW 001/005, Kel. Cibodas, Pelabuhan Ratu, Jawa Barat KENDAL – SOEKARNO HATTA
Kec. Cikajang, Garut, Jawa Barat Telp : 0266-434190 Jl. Soekarno Hatta 346,
Telp : 0262-577628 Faks : 0266- 435246 RT/RW 03/03, Kel. Pakauman,
Faks : - Kec. Kendal, Kendal, Jawa Tengah
SUKABUMI – CICURUG Telp : 0294-571013
GARUT – PAMEUNGPEUK Kp. Leuwi Orok, RT/RW 09/04, Faks : -
Jl. Cigodeg, RT/RW 01/02, Kel. Sundawenang,
Kel. Paas, Kec. Pameungpeuk, Kec. Parung Kuda, SALATIGA – OSAMALIKI
Garut, Jawa Barat Sukabumi, Jawa Barat Jl. Osamaliki No. 34,
Telp : - Telp : 0266-654144 RT/RW 01/03, Kel. Mangunsari,
Faks : - Faks : 0266-6541449 Kec. Kota Salatiga, Salatiga,
Jawa tengah
GARUT – LIMBANGAN CIANJUR – TANGGEUNG Telp : 0298-3429111
Jl. Raya Limbangan, Wangunjaya Tanggeung, Faks : 0298-321902
Kp. Lio Barat, RT/RW 001/007, RT/RW 05/01, Kel. Margaluyu,
Kel. Limbangan Barat, Kec. Tanggeung, Cianjur, SEMARANG 3 –
Kec. Blubur Limbangan, Jawa Barat SOEKARNO HATTA
Garut, Jawa Barat Telp : 0263-363862 Jl. Supriyadi No. 27, RT/RW 01/03,
Telp : 0262-438117 Faks : 0263-363863 Kel. Kalicari, Kec. Pedurungan,
Faks : - Semarang, Jawa Tengah
WEST JAVA AREA - SYARIAH Telp : 0224-767 29339
BANJAR – CIAMIS BUSINESS UNIT OFFICES OTHER Faks : 0224-767 29199
Jl. Mr. Iwa Kusuma Sumantri THAN BRANCH OFFICES
No. 20B, Kel. Kertasari, KUDUS – SUDIRMAN SQUARE
Kec. Ciamis, Ciamis, Jawa Barat TASIKMALAYA – Komp. Sudirman Square,
Telp : 0265-772505 SINGAPARNA Jl. Sudirman, RT/RW 03/01,
Faks : 0265-2751632 Kp. Babakan Cianda, Kel. Rendeng, Kec. Kudus Kota,
RT/RW 01/012, Kudus, Jawa Tengah
Kel. Desa Cilampung Hilir, Telp : 0291-441442
Kec. Padakembang, Faks : 0291-444390
Tasikmalaya, Jawa Barat
Telp : 0265-545770
Faks : 0265-545783
460 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Supporting
Data
PATI – KYAI SALEH SRAGEN SUKOWATI KARANGANYAR (HI)
Jl. Kyai Saleh No. 31, RT/RW 06/02, Jl. Raya Sukowati, No. 412, Jl. Lawu No. 20, RT/RW 002/008, Performance
Highlights
Kel. Pati Lor, Kec. Pati, Pati, RT/RW 013/005, Kel. Karanganyar,
Jawa Tengah Kel. Sragen Wetan, Kec. Karanganyar, Karanganyar,
Telp : 0295-386400 Kec. Sragen, Sragen, Jawa Tengah Jawa Tengah Opening
Faks : 0295-381972 Telp : 0271 894646 Telp : -
Faks : 0271-890913 Faks : -
PURWODADI – AHMAD YANI Management
Jl. Ahmad Yani No 374, BOYOLALI (HI) KEBUMEN (HI) Report
Kel. Kuripan, Kec. Purwodadi, Jl. Raya Solo – Boyolali KM 1, Jl. Kutoarjo No. 5, RT/RW 001/007,
Purwodadi, Jawa Tengah Kel. Tegalwire, Kec. Mojosongo, Kel. Panjer, Kec. Kebumen, Corporate
Telp : 0292-423884 Boyolali, Jawa Tengah Kebumen, Jawa Tengah Profile
Faks : 0292-425028 Telp : - Telp : -
Faks : - Faks : -
TEGAL – JEND. SUDIRMAN Management
Discussion
and Analysis
Jl. Jend. Sudirman, No. 23/25, CILACAP (HI) PEKALONGAN (HI)
RT/RW 01/04, Kel. Randugunting, Jl. Gatot Subroto No. 158, Jl. Urip Sumoharjo No. 215,
Kec. Tegal Selatan, Tegal, RT/RW 003/011, RT/RW 001/012, Kel. Pringrejo, Corporate
Jawa Tengah Kel. Gunungsimping, Kec. Pekalongan Barat, Governance
Telp : 0283-322383 Kec. Cilacap Tengah, Cilacap, Pekalongan, Jawa Tengah
Faks : 0283-320714 Jawa Tengah Telp : -
Telp : - Faks : - Environmental
and Social
PEKALONGAN – KH. MANSUR Faks : - Responsibility
Jl. KH. Mansur 108, PURWOKERTO (HI)
Kel Bendan Pekalongan, MAGELANG (HI) Jl. Overste Isdiman No. 536,
Kec. Pekalongan Barat, Ruko Blondo Asri Blok B-C, RT/RW 005/003,
Pekalongan, Jawa Tengah Jl. Mayjend Bambang Soegeng Kel. Purwokerto Lor,
Telp : 0285-434681 KM 7, Kel. Blondo, Kec. Mungkid, Kec. Purwokerto Timur,
Faks : 0285-431096 Magelang, Jawa Tengah Banyumas, Jawa Tengah
Telp : - Telp : -
PURWOKERTO – Faks : - Faks : -
JEND. SUDIRMAN
Jl. Jendral Sudirman No. 693, PATI (HI) SOLO (HI)
RT/RW 003/008, Jl. Ronggo Warsito No. 3A, Jl. Honggowongso No. 150,
Kel. Purwokerto Wetan, Kel. Plagitan, Kec. Pati, RT/RW 001/005 Kel. Tepes,
Kec. Purwokerto Timur, Pati, Jawa Tengah Kec. Serengan, Surakarta,
Banyumas, Jawa Tengah Telp : - Jawa Tengah
Telp : 0281-626028 Faks : - Telp : -
Faks : 0281-626030 Faks : -
KLATEN – PEMUDA UTARA
BANJARNEGARA – STADION Jl. Pemuda Utara No 113, SRAGEN (HI)
Jl. Stadion 03, Kel. Bareng, Kec. Klaten Tengah, Jl. Setiabudi No. 52,
Kel. Parakancanggah, Klaten, Jawa Tengah RT/RW 002/001,
Kec. Banjarnegera, Telp : 0272-322561 Kel. Sragen Kulon, Kec. Sragen,
Banjarnegara, Jawa Tengah Faks : 0272-322546 Sragen, Jawa Tengah
Telp : 0286-5985920 Telp : -
Faks : 0286-5985921 SEMARANG (HI) Faks : -
Jl. Arteri Soekarno Hatta
CILACAP – PERINTIS No. 54, Kel. Tlogosari Kulon, TEGAL (HI)
KEMERDEKAAN Kec. Pedurungan, Semarang, Jl. Sultan Agung No. 105,
Jl. Perintis Kemerdekaan, Jawa Tengah Kel. Kejambon, Kec. Tegal Timur,
RT/RW 001/004, Kel. Kebonmanis, Telp : - Tegal, Jawa Tengah
Kec. Cilacap Utara, Cilacap, Faks : - Telp : -
Jawa Tengah Faks : -
Telp : 0282-548777 BAWEN (HI)
Faks : 0282-548333 Ruko Imperium No. 8, WONOGIRI (HI)
Jl. Palagan, RT/RW 004/004, Jl. Gatot Subroto, RT/RW 001/005,
SOLO – SOLO BARU Kel. Ngrawan Kidul, Kec. Bawen, Kel. Wonokarto, Kec. Wonogiri,
Jl. Raya Solo Permai JA No. 7-9, Semarang, Jawa Tengah Tegal, Wonogiri, Jawa Tengah
Solo Baru, Kel. Grogol, Telp : - Telp : -
Kec. Grogol, Sukoharjo, Faks : - Faks : -
Jawa Tengah
Telp : 0271-626626 TEMANGGUNG (HI)
Faks : 0271-626622 Jl. Jenderal Sudirman No. 120,
RT/RW 002/004, Kel. Kowangan,
Kec. Temanggung, Temanggung,
Jawa Tengah
Telp : -
Faks : -
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 461
Page 464
WONOSARI (HI) TEGAL – JEND SUDIRMAN SALATIGA – AMBARAWA
Jl. KH. Agus Salim No. 30, Jl. Jend. Sudirman, No. 23/25, Jl. Dr. Cipto No. 18, RT/RW 01/05,
RT/RW 004/008, Kel. Kepek, RT/RW 001/004, Kel. Ambarawa, Kec. Ambarawa,
Kec. Wonosari, Gunung Kidul, Kel. Randugunting, Semarang, Jawa Tengah
Daerah Istimewa Yogyakarta. Kec. Tegal Selatan, Tegal, Telp : 0298-3533000
Telp : - Jawa Tengah Faks : -
Faks : - Telp : -
Faks : - SEMARANG 3 – DEMAK
WONOSOBO (HI) Jl. Sultan Hadiwijaya,
Ruko Abragen Square SOLO (HI) RT/RW 05/01, Kel. Mangunjiwan,
Jl. Mayor Jendral Bambang Jl. Honggowongso No. 150, Kec. Demak, Demak,
Sugeng Sidojoyo Blok A3, RT/RW 001/005 Kel. Tepes, Jawa Tengah
RT/RW 001/004, Kel. Pagerkukuh, Kec. Serengan, Surakarta, Telp : 0291-682087
Kec. Wonosobo, Wonosobo, Jawa Tengah Faks : 0291-685699
Jawa Tengah Telp : -
Telp : - Faks : - KUDUS – JEPARA
Faks : - Jl. Pemuda, No. 10 A,
WONOGIRI (HI) RT/RW 03/07, Kel. Panggang,
YOGYAKARTA (HI) Jl. Gatot Subroto, RT/RW 001/005, Kec. Jepara, Jepara, Jawa Tengah
Jl. Kusumanegara No. 284F, Kel. Wonokarto, Kec. Wonogiri, Telp : 0291-598628
RT/RW 001/001, Tegal, Wonogiri, Jawa Tengah Faks : 0291-598659
Kel. Rejowinangun, Telp : -
Kec. Kotagede, Yogyakarta, Faks : - PATI – REMBANG
Daerah Istimewa Yogyakarta Jl. Panglima Sudirman No. 163,
Telp : - YOGYAKARTA (HI) RT/RW 01/03, Kel. Kabongan Lor,
Faks : - Jl. Kusumanegara No. 284F, Kec. Rembang, Rembang,
RT/RW 001/001, Jawa Tengah
YOGYAKARTA – TEGALREJO Kel. Rejowinangun, Telp : 0295-6997093
Jl. Jend. Sudirman No. 42, Kec. Kotagede, Yogyakarta, Faks : -
Kel. Gowongan Kec. Jetis, Daerah Istimewa Yogyakarta
Yogyakarta, Telp : - PURWODADI – BLORA
Daerah Istimewa Yogyakarta Faks : - Jl. Gatot Subroto No. 76,
Telp : 0274-555007 RT/RW 002/003, Kel. Kauman,
Faks : 0274-555062 SOLO – SOLO BARU Kec. Blora, Blora, Jawa Tengah
Jl. Raya Solo Permai JA No. 7-9, Telp : 0296-532875
YOGYAKARTA 2 – UMBUL HARJO Solo Baru, Kel. Grogol, Faks : 0296-531607
Jl. IPDA TUT Harsono No. 55A, Kec. Grogol, Sukoharjo,
Kel. Muja Muju, Kec. Umbul Harjo, Jawa Tengah PURWODADI – GUBUG
Yogyakarta, Telp : 0271-626626 Jl. A. Yani, RT/RW 05/04,
Daerah Istimewa Yogyakarta Faks : 0271-626622 Kel. Gubug,
Telp : 0274-563131 Kec. Gubug, Grobogan,
Faks : 0274-563061 YOGYAKARTA – TEGALREJO Jawa Tengah
Jl. Jend. Sudirman No. 42, Telp : 0292-5135892
MAGELANG – AHMAD YANI Kel. Gowongan, Kec. Jetis, Faks : 0292-5135891
Jl. Ahmad Yani No. 40, Yogyakarta,
Kel. Kedungsari, Daerah Istimewa Yogyakarta TEGAL – BUMIAYU
Kec. Magelang Utara, Telp : - Jl. Pangeran Diponegoro
Magelang, Jawa Tengah Faks : - No. 72, RT/RW 001/006,
Telp : 0293-363021 Kel. Bumiayu, Kec. Bumiayu,
Faks : 0293-361246 CENTRAL JAVA AREA - OFFICES Brebes, Jawa Tengah
OTHER THAN BRANCH OFFICES Telp : 0289-432599
CENTRAL JAVA AREA - SYARIAH Faks : 0289-432299
BUSINESS UNIT BRANCH OFFICE KENDAL – BOJA
Jl. Tambora, RT/RW 005/003, TEGAL – KETANGGUNGAN
SEMARANG – MT HARYONO Kel. Tamping, Kec. Boja, Kendal, Jl. RA. Kartini, RT/RW 003/001,
Jl. MT. Haryono 657 A, Jawa Tengah Kel. Ketanggungan,
Kel. Wonodri, Telp : 0294-571980 Kel. Ketanggungan,
Kec. Semarang Selatan, Faks : - Brebes, Jawa Tengah
Semarang, Jawa Tengah Telp : 0283-881511
Telp : - SALATIGA – UNGARAN Faks : 0283-881678
Faks : - Jl. Muh. Yamin No. 10,
Kel. Bandarjo, TEGAL – SLAWI
Kec. Ungaran Timur, Gajah Mada Ruko Grand Safira
Semarang, Jawa Tengah City No. 3, Kel. Kabongan Lor,
Telp : 024-6927039 Kec. Karang Moncol, Kalisapu,
Faks : - Kec. Slawi, Tegal, Jawa Tengah
Telp : -
Faks : -
462 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Supporting
Data
PEKALONGAN – PEMALANG SRAGEN – KARANGANYAR CENTRAL JAVA AREA - SYARIAH
Jl. Jend. Sudirman Timur No. 63, Jl. Lawu No. 31, BUSINESS UNIT OFFICES OTHER Performance
Highlights
RT/RW 002/006, Kel. Karangpandan, THAN BRANCH OFFICES
Kel. Wanareja Selatan, Kec. Karangpandan,
Kec. Taman, Pemalang, Karanganyar, Jawa Tengah TEGAL – BUMIAYU Opening
Jawa Tengah Telp : 0271-495911 Jl. Pangeran Diponegoro No. 649,
Telp : 0284-325695 Faks : 0271-495898 RT/RW 02/07, Kel. Bumiayu,
Faks : 0284-324138 Kec. Bumiayu, Brebes, Management
KLATEN – BOYOLALI Jawa Tengah Report
PEKALONGAN – KAJEN Jl. Kates No. 2, Kel. Siswodipuran, Telp : -
Jl. Diponegoro RT/RW 10/04, Kec. Boyolali, Boyolali, Faks : - Corporate
Kel. Kajen, Kec. Kajen, Jawa Tengah Profile
Pekalongan, Jawa Tengah Telp : 0276-323038 TEGAL – KETANGGUNGAN
Telp : 0285-8353005 Faks : - Jl. RA. Kartini, RT/RW 003/001,
Faks : - Kel. Ketanggungan, Management
Discussion
and Analysis
YOGYAKARTA 2 – WONOSARI Kel. Ketanggungan, Brebes,
PEKALONGAN – Jl. KH. Agus Salim, No. 71, Jawa tengah
RANDUDONGKAL RT/RW 002/006, Kel. Kepek, Telp : - Corporate
Jl. Jend. Sudirman Timur, Kec. Wonosari, Gunung Kidul, Faks : - Governance
RT/RW 050/005, Daerah Istimewa Yogyakarta
Kel. Randudongkal, Telp : 0274-393382 TEGAL – SLAWI
Kec. Randudongkal, Faks : 0274-393383 Gajah Mada Ruko Environmental
and Social
Pemalang, Jawa Tengah Grand Safira City No. 3, Responsibility
Telp : - YOGYAKARTA 2 – KULONPROGO Kel. Karang Moncol Kalisapu,
Faks : - Jl. Diponegoro, Kel. Wates, Kec. Slawi, Tegal, Jawa Tengah
Kec. Wates, Kulonprogo, Telp : -
PURWOKERTO – PURBALINGGA Daerah Istimewa Yogyakarta Faks : -
Jl. MT. Haryono No. 20, Telp : 0274-2259-056
Kel. Purbalingga Kulon, Faks : SOLO – WONOGIRI
Kec. Purbalingga, Jl. A. Yani 172, RT/RW 001/002,
Purbalingga, Jawa Tengah MAGELANG – TEMANGGUNG Kel. Giripurwo, Kec. Wonogiri,
Telp : 0281-894414 Jl. Jend. Sudirman No. 172, Wonogiri, Jawa Tengah
Faks : 0281-892967 Kel. Kowanga, Kec. Temanggung, Telp : -
Temanggung, Jawa Tengah Faks : -
BANJARNEGARA – WONOSOBO Telp : 0293-493511
Jl. RSUD No. 2, Faks : 0293-493083 EAST JAVA AREA -
Kp. Sedeng Kulon, RT/RW 13/04, BRANCH OFFICE
Kel. Wonosobo Barat, MAGELANG – PURWOREJO
Kec. Wonosobo, Jl. A. Yani, No. 25 A, PAMEKASAN – PINTU GERBANG
Wonosobo, Jawa Tengah RT/RW 05/12, Kel. Purworejo, Jl. Pintu Gerbang No. 21,
Telp : 0286-3326191 Kec. Purworejo, Purworejo, RT/RW 02/03, Kel. Bugih,
Faks : 0286-322871 Jawa Tengah Kec. Pamekasan,
Telp : 0275-322500 Pamekasan, Jawa Timur
CILACAP – MAJENANG Faks : 0275-325075 Telp : 0324-325383
Pasar Majenang, Faks : 0324-325861
Jl. Matahari, RT/RW 005/006, MAGELANG – MUNTILAN
Kel. Sindangsari, Kec. Majenang, Komp. Munsen Kav A-2, SURABAYA 2 – IR. SOEKARNO
Cilacap, Jawa Tengah Jl. Tambakan, Kel. Temanggung, Ruko Icon 21 Blok S10-11,
Telp : 0280-623796 Kec. Muntilan, Magelang, Jl. Dr. Ir. H. Soekarno,
Faks : - Jawa Tengah RT/RW 001/001,
Telp : - Kel. Klampisngasem,
CILACAP – KEBUMEN Faks : - Kec. Sukolilo, Surabaya,
Jl. HM. Sarbini No.13, Jawa Timur
RT/RW 06/02, Kel. Bumirejo, SENTRA COMMERCIAL JATENG Telp : 031-5049898
Kec. Kebumen, Kebumen, Jl. MT. Haryono 657 A, Faks : 031-5046633
Jawa Tengah Kel. Wonodri,
Telp : 0287-385624 Kec. Semarang Selatan, SURABAYA 4 –
Faks : - Semarang, Jawa Tengah SUKOMANUNGGAL
Telp : - Ruko Satellite Town Square
SOLO – WONOGIRI Faks : - Blok B 16-18,
Jl. A. Yani 172, RT/RW 001/002, Jl. Sukomanunggal,
Kel. Giripurwo, Kec. Wonogiri, Kel. Sukomanunggal,
Wonogiri, Jawa Tengah Kec. Sukomanunggal,
Telp : 0273-323588 Surabaya, Jawa Timur
Faks : - Telp : 031-7322000
Faks : 0317-324064
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 463
Page 466
SIDOARJO – HANG TUAH PROBOLINGGO – BOJONEGORO (HI)
Jl. Hang Tuah No. 2, GATOT SUBROTO Jl. Basuki Rahmat No. 42 C,
RT/RW 007/002, Jl. Gatot Subroto, No. 65-67, RT/RW 003/001
Kel. Sidomekti, Kec. Sidoarjo, Probolinggo, RT/RW 01/03, Kel. Mojokampung,
Sidoarjo, Jawa Timur Kel. Mangunharjo, Kec. Bojonegoro, Bojonegoro,
Telp : 031-8921416 Kec. Mayangan, Probolinggo, Jawa Timur
Faks : 031-8921221 Jawa Timur Telp : -
Telp : 0335-432200 Faks : -
SIDOARJO 2 Faks : -
Jl. Raya Juanda, RT/RW 13/04, GRESIK (HI)
Kel. Semambung, Kec. Gedangan, BANYUWANGI – S. PARMAN Jl. Jaksa Agung Suprapto
Sidoarjo, Jawa Timur Jl. S. Parman, No. 33, No. 49 A, RT/RW 001/005,
Telp : - Komp. Perkantoran Gardenia Kel. Sidokumpul, Kec. Gresik,
Faks : - Estate Kav. 5,6,7, Kel. Pakis, Gresik, Jawa Timur
Kec. Banyuwangi, Banyuwangi, Telp : -
SIDOARJO 3 (CAR) Jawa Timur Faks : -
Jl. Raya Juanda, RT/RW 13/04, Telp : 0333-411589
Kel. Semambung, Kec. Gedangan, Faks : 0333-414163 JEMBER (HI)
Sidoarjo, Jawa Timur Jl. Hayam Wuruk, Kel. Mangli,
Telp : - KEDIRI – ERLANGGA Kec. Kaliwates, Jember,
Faks : - Jl. Erlangga No. 39, Jawa Timur
RT/RW 002/010, Kel. Banjaran, Telp : -
GRESIK – KARTINI Kec. Kediri Kota, Kediri, Faks : -
Ruko Building Kartini, Jawa Timur
Jl. R.A. Kartini No. 236/A1, Telp : 0354-690533 MADIUN (HI)
Kel. Sidomoro, Kec. Kebomas, Faks : - Jl. Serayu Timur Ruko PGM
Gresik, Jawa Timur Blok A 12 - A 13, RT/RW 046/015,
Telp : 031-3987726 MADIUN – AGUS SALIM Kel. Pandean, Kec. Taman,
Faks : 031-3990461 Jl. H. Agus Salim No. 176, Madiun, Jawa Timur
RT/RW 18/05, Telp : -
BOJONEGORO – VETERAN Kel. Nambahan Lor, Faks : -
Jl. Veteran, No. 188, Kec. Mangunhardjo, Madiun,
RT/RW 038/006, Kel. Sukorejo, Jawa Timur MALANG (HI)
Kec. Bojonegoro, Telp : 0351-493101 Jl. Dr. Cipto No. 19 Kavling 19,
Bojonegoro, Jawa Timur Faks : 0351-493105 RT/RW 006/01,
Telp : 0353-892870 Kel. Rampal Celaket, Kec. Klojen,
Faks : 0353-893206 PONOROGO – JEND. SUDIRMAN Malang, Jawa Timur
Jl. Panglima Besar Sudirman Telp : -
KEDIRI (HI) No. 55, Kel. Mangkujayan, Faks : -
Jl. Sersan KKO Usman No. 30, Kec. Ponorogo, Ponorogo,
Kel. Dandangan, Kec. Kediri Kota, Jawa Timur MOJOKERTO (HI)
Jawa Timur Telp : 0352-489241 Jl. Gajahmada No. 73,
Telp : - Faks : 0352-462340 Kel. Gedongan, Kec. Magersari,
Faks : - Mojokerto, Jawa Timur
TULUNGAGUNG – HASANUDIN Telp : -
MOJOKERTO – YOS SUDARSO Komp. Panglima Sudirman Trade Faks : -
Jl. Yos Sudarso No. 29-35, Centre Blok B5-7, Jl. S. Hasanudin,
Kel. Mentikan, Kel. Kenayan, Kec. Tulungagung, PROBOLINGGO (HI)
Kec. Prajurit Kulon, Tulungagung, Jawa Timur Jl. Dr. Soetomo No. 116,
Mojokerto, Jawa Timur Telp : 0355-336270 RT/RW 003/005,
Telp : 0321-330393 Faks : 0355-337002 Kel. Tisnonegaran,
Faks : 0321-325842 Kec. Kanigaran, Probolinggo,
BLITAR – MELATI Jawa Timur
JEMBER – GAJAH MADA Jl. Raya Melati No. 1, Ruko A-D, Telp : -
Jl. Gajah Mada No. 229, Kel. Kepanjen Kidul, Kec. Blitar, Faks : -
RT/RW 004/002, Kel. Kaliwates, Blitar Jawa Timur
Kec. Kaliwates, Jember, Telp : 0342-816178 SIDOARJO (HI)
Jawa Timur Faks : 0342-816179 Jl. H. Soenandar Priyo Sudarmo
Telp : 0331-424666 No. 138-148, Blok J, Kel. Sidokare,
Faks : - MALANG – JA. SUPRAPTO Kec. Sidoarjo, Sidoarjo,
Jl. Jaksa Agung Suprapto Jawa Timur
SITUBONDO – BASUKI RAHMAT No. 56, Kel. Claket, Kec. Klojen, Telp : -
Jl. Basuki Rahmat, No. 128, Malang, Jawa Timur Faks : -
Kel. Mimbaan, Kec. Panji, Telp : 0341-364646
Situbondo, Jawa Timur Faks : 0341-364616 SURABAYA (HI)
Telp : 0338-670730 Jl. Rungkut Madya No. 81 D,
Faks : 0338-679980 Kel. Rungkut Kidul, Kec. Rungkut,
Surabaya, Jawa Timur
Telp : -
Faks : -
464 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Supporting
Data
TULUNGAGUNG (HI) SURABAYA 2 – IR. SOEKARNO GRESIK – LAMONGAN
Jl. Mayor Sujadi No. 79 A, Ruko Icon 21 Blok S10-11, Ruko Lamongan Trade Center Performance
Highlights
RT/RW 004/001, Kel. Jepun, Jl. Dr. Ir. H. Soekarno, Blok B 9-10, Jl. Sunan Giri,
Kec. Tulungagung, Tulungagung, RT/RW 001/001, Kel. Tumenggungan,
Jawa Timur Kel. Klampisngasem, Kel. Lamongan, Lamongan, Opening
Telp : - Kec. Sukolilo, Surabaya, Jawa Timur
Faks : - Jawa Timur Telp : 0322-324834
Telp : 031-5049898 Faks : 0322-324856 Management
MALANG 2 – TUMENGGUNG Faks : 031-5046633 Report
SURYO MOJOKERTO – MOJOSARI
Jl. R. Tumenggung Suryo 30 A-B, KEDIRI (HI) Komp Ruko Royal RE-2, Corporate
Kel. Bunulrejo, Kec. Blimbing, Jl. Sersan KKO Usman No. 30, Jl. Airlangga, Kel. Seduri, Profile
Malang, Jawa Timur Kel. Dandangan, Kec. Kediri Kota, Kec. Mojosari, Mojokerto,
Telp : 0341-579901 Jawa Timur Jawa Timur
Faks : 0341-579902 Telp : - Telp : 0321-595838 Management
Discussion
and Analysis
Faks : - Faks : 0321-593263
BLITAR (HI)
Jl. Dr. Wahidin No. 72, MALANG (HI) MOJOKERTO – JOMBANG Corporate
RT/RW 03/05, Kel. Kepanjen Lor, Jl. Dr. Cipto No. 19 Kavling 19, Jl. Soekarno Hatta, No. 3, Governance
Kec. Kepanjen Kidul, Blitar, RT/RW 006/01, Komp. Ruko Cempaka Mas Blok A,
Jawa Timur Kel. Rampal Celaket, No. 19-20, Kel. Kepuh Kembeng,
Telp : - Kec. Klojen, Malang, Jawa Timur Kec. Peterongan, Jombang, Environmental
and Social
Faks : - Telp : - Jawa Timur Responsibility
Faks : - Telp : 0321-871564
KPM JATIM – Faks : 0321-878421
SUKOMANGUNGGAL JEMBER – GAJAH MADA
Ruko Satellite Town Square Jl. Gajah Mada No. 229, JEMBER - BALUNG
Blok B 16-18 RT/RW 004/002, Kel. Kaliwates, Jl. Rambipuji No. 120,
Jl. Sukomanunggal, Kec. Kaliwates, Jember, Kel. Balung Lor, Kec. Balung,
Kel. Sukomanunggal, Jawa Timur Jember, Jawa Timur
Kec. Sukomanunggal, Surabaya, Telp : - Telp : 0336-621666
Jawa Timur Faks : - Faks : -
Telp : 031-7322000
Faks : 0317-324064 KEDIRI - ERLANGGA SITUBONDO – BONDOWOSO
Jl. Erlangga No. 39, Ruko Crown Plaza, Ruko Crown
SENTRA COMMERCIAL JATIM RT/RW 002/010, Kel. Banjaran, Plaza Kav 11, Jl. KH. Wahid Hasyim
Jl. Raya Juanda, RT/RW 13/04, Kec. Kediri Kota, Kediri, No. 168, Kel. Blindungan,
Kel. Semambung, Kec. Gedangan, Jawa Timur Kec. Bondowoso, Bondowoso,
Sidoarjo, Jawa Timur Telp : - Jawa Timur
Telp : - Faks : - Telp : 0332-423135
Faks : - Faks : 0332-432673
PASURUAN – SOEKARNO HATTA
PASURUAN – SOEKARNO HATTA Jl. Soekarno Hatta Pasuruan MALANG – KEPANJEN
Jl. Soekarno Hatta Pasuruan No. 9A, No. 9A, Gadingrejo, Pasuruan Jl. Ahmad Yani No. 4
Kel. Gadingrejo, Telp : 0343-431534 Ruko Business Center
Kec. Gadingrejo, Faks : 0343-411807 Blok D1-D2, Kel. Adirejo,
Pasuruan, Jawa Timur Kec. Kepanjen, Malang,
Telp : 0343-431534 EAST JAVA AREA - OFFICES Jawa Timur
Faks : 0343-411807 OTHER THAN BRANCH OFFICES Telp : 0341-393844
Faks : 0341-391686
EAST JAVA AREA - SYARIAH PAMEKASAN – SUMENEP
BUSINESS UNIT BRANCH OFFICE Jl. Pahlawan No. 28, PROBOLINGGO – LUMAJANG
Kel. Pamolokan, Kec. Sumenep, Jl. KH. Wahid Hasyim No. 80,
PAMEKASAN – PINTU GERBANG Sumenep, Jawa Timur Citrodiwangsan Lumajang,
Jl. Pintu Gerbang, No. 21, Telp : 032-86760086 Kel. Tompokkersan,
RT/RW 02/03, Kel. Bugih, Faks : 032-86760085 Kec. Lumajang, Lumajang,
Kec. Pamekasan, Pamekasan, Jawa Timur
Jawa Timur SURABAYA 2 – BANGKALAN Telp : 0334-891562
Telp : - Jl. R. E. Martadinata No. 16-18 Faks : -
Faks : - Kota Bangkalan, Kel. Mlanjah,
Kec. Bangkalan, Bangkalan, BOJONEGORO – TUBAN
Jawa Timur Jl. Lukman Hakim No. 43 Tuban
Telp : 031-51161788 RT/RW 03/04, Kel. Doromukti,
Faks : 031-51161755 Kec. Tuban, Tuban, Jawa Timur
Telp : 0356 -333061
Faks : 0356-332442
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 465
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BANYUWANGI – GENTENG KEDIRI – NGANJUK PEMATANG SIANTAR – SANG
Jl. Gajah Mada, No. 281-287, Jl. Gatot Subroto No. 2B, NAWALUH
Dusun Krajan, RT/RW 001/005, Kel. Kauman, Kec. Nganjuk, Jl. Sang Nawaluh Kompleks,
Kel. Genteng Kulon, Nganjuk, Jawa Timur Mega Land Blok AA, No. 18-20,
Kec. Genteng, Banyuwangi, Telp : 082894064857 Kel. Siopta Suhu,
Jawa Timur Faks : - Kec. Siantar Timur,
Telp : 0333-842346 Pematang Siantar,
Faks : 0333-842198 PASURUAN – PANDAAN Sumatera Utara
Jl. Raya Kalitengah No. 11, Telp : 0622-24375
KEDIRI – NGANJUK RT/RW 6/5, Kel. Karangjati, Faks : 0622-27386
Jl. Gatot Subroto No. 2B Nganjuk, Kec. Pandaan, Pasuruan,
Kel. Kauman, Kec. Nganjuk, Jawa Timur PADANG SIDEMPUAN – KOIMA
Nganjuk, Jawa Timur Telp : 0343-636323 Jl. Kapten Koima No. 62A,
Telp : 082894064857 Faks : 0343-634040 Kel. Wek II, Kec. Psp Utara,
Faks : - Padang Sidempuan,
SURABAYA 2 – BANGKALAN Sumatera Utara
MADIUN – NGAWI Jl. R. E. Martadinata No. 16-18, Telp : 0636-28908
Jl. Yos Sudarso No. 28, Kota Bangkalan, Kel. Mlanjah, Faks : 0636-28906
Kel. Margomulyo, Kec. Ngawi, Kec. Bangkalan, Bangkalan, Jawa
Ngawi, Jawa Timur Timur PANGKALAN BRANDAN (HI)
Telp : 0351-745522 Telp : 031-51161788 Jalan Tanjung Pura No. 66,
Faks : 031-51161755 Kel. Pelawi Utara, Kec. Babalan,
Faks : 0351-742178
Kabupaten Langkat,
NORTH SUMATRA AREA -
PONOROGO – PACITAN Provinsi Sumatera Utara.
SYARIAH BUSINESS UNIT
Jl. Panglima Sudirman No. 151, Telp : -
BRANCH OFFICE
RT/RW 02/01, Kel. Baleharjo, Faks : -
Kec. Pacitan, Pacitan, Jawa Timur
MEDAN 1 – RING ROAD
Telp : 0357-885151 BINJAI (HI)
Komplek OCBC, No. 8, 9, 10, 11,
Faks : - Jalan Soekarno Hatta No. 179,
Jl. Ringroad Setiabudi II,
Kel. Tanah Tinggi,
Kel. Sunggal,
TULUNGAGUNG – TRENGGALEK Kec. Medan Sunggal, Kec. Binjai Timur, Binjai,
Jl. Soekarno-Hatta Medan, Sumatera Utara Sumatera Utara
Komplek Ruko Hayam Wuruk Telp : 061-4519991 Telp : -
No. A2-A3 Trenggalek, Faks : 061-4516915 Faks : -
Kel. Ngatru, Kec. Trenggalek,
Trenggalek, Jawa Timur MEDAN 2 (CAR) – RING ROAD MEDAN (HI)
Telp : 0355-796768 Komplek OCBC, No. 8,9,10,11, Jalan Asrama No. 8M,
Faks : - Jl. Ringroad Setiabudi II, Kel. Dwi Kora,
Kel. Sunggal, Kec. Medan Helvetia,
PASURUAN – PANDAAN Kec. Medan Sunggal, Medan, Sumatera Utara
Jl. Raya Kalitengah No. 11, Medan, Sumatera Utara Telp : -
RT/RW 6/5, Kel. Karangjati, Telp : 061-4519991 Faks : -
Kec. Pandaan, Pasuruan, Faks : 061-4516915
Jawa Timur RANTAU PRAPAT –
Telp : 0343-636323 MEDAN 3 – TITI KUNING SISINGAMAHARAJA
Faks : 0343-634040 Jl. Abdul Haris Nasution Jl. Sisingamangaraja
No. 88D, Kel. Titi Kuning, No. 38-40, Aek Tapa
EAST JAVA AREA - SYARIAH Kec. Medan Johor, Medan, Kel. Bakaran Batu,
BUSINESS UNIT OFFICES OTHER Sumatera Utara Kec. Rantau Selatan,
THAN BRANCH OFFICES Telp : 061-7873629 Labuhan Batu, Sumatera Utara
Faks : 061-7873638 Telp : 0624-327755
PAMEKASAN – SUMENEP Faks : 0624-327753
Jl. Pahlawan No. 28, TEBINGTINGGI –
Kel. Pamolokan, Kec. Sumenep, AHMAD YANI SENTRA COMMERCIAL SUMUT
Sumenep, Jawa Timur Jl. Ahmad Yani, No. 200 A-C, Komplek OCBC, No. 8, 9, 10, 11,
Telp : - Kel. Mandailing Natal, Jl. Ringroad Setiabudi II,
Faks : - Kec. Padang Hulu, Tebing Tinggi, Kel. Sunggal, Kec. Medan
Sumatera Utara Sunggal, Medan, Sumatera Utara
JEMBER – BALUNG Telp : 0621-328468 Telp : -
Jl. Rambipuji No. 120, Faks : 0621-329197 Faks : -
Kel. Balung Lor, Kec. Balung,
Jember, Jawa Timur KISARAN – ABDI SETYA BHAKTI PEMATANG SIANTAR (HI)
Telp : 0336-621666 Jl. Abdi Setya Bhakti, Komp Mega Land Blok B,
Faks : - Komp. Graha Asahan Indah, No. 12 Jl. Sangnawaluh,
Blok C, No. 35-36, Kel. Siopat Suhu,
Kel. Sei Ranggas, Kec. Siantar Timur,
Kec. Kisaran Barat, Asahan, Pematang Siantar,
Sumatera Utara Nangroe Aceh Darussalam
Telp : 0623-348239 Telp : -
Faks : 0623-348237 Faks : -
466 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Supporting
Data
NORTH SUMATRA AREA - ALUE BILIE (HI) LANGSA ACEH (HI)
SYARIAH BUSINESS UNIT Jl. Nasional Meulaboh – Tapak Jl. Ahmad Yani, Performance
Highlights
BRANCH OFFICE Tuan, Kel. Kuta Trieng, Kel. Gampong Jawa,
Kec. Darul Makmur, Aceh Barat, Kec. Langsa Kota,
BANDA ACEH – TEUKU UMAR Nangroe Aceh Darussalam Langsa, Opening
JL. Dr. Mr. Mohd. Hasan, Telp : - Nangroe Aceh Darussalam
Kel. Batoh, Kec. Leung Bata, Faks : - Telp : -
Banda Aceh, Faks : - Management
Nangroe Aceh Darussalam BIREUEN (HI) Report
Telp : - Jl. Medan - Banda Aceh, LHOKSEUMAWE (HI)
Faks : - Kel. Geulanggang Gampong, Jl. Darussalam No. 5-6 A, Corporate
Kec. Kota Juang, Bireuen, Kel. Lancang Garam, Profile
LANGSA – AHMAD YANI Nangroe Aceh Darussalam Kec. Benda Sakti, Lhokseumawe,
Jl. A. Yani No. 81C-81E, Telp : - Nangroe Aceh Darussalam
Kel. Gampong Jawa, Faks : - Telp : - Management
Discussion
and Analysis
Kec. Langsa Kota, Langsa, Faks : -
Nangroe Aceh Darussalam BLANG PIDIE (HI)
Telp : - Jl. Letkol BB Jalal, LHOKSUKON (HI) Corporate
Faks : - Kel. Pantai Perak, Jl. Medan - Banda Aceh Trieng Governance
Kec. Susoh, Aceh Barat, Matang Ubi,
MEULABOH – JOHAN Nangroe Aceh Darussalam Kel. Trieng Matang Ubi,
PAHLAWAN Telp : - Kec. Lhoksukon, Aceh Utara, Environmental
and Social
Jl. Manekroo Simpang Geureutee, Faks : - Nangroe Aceh Darussalam Responsibility
Kel. Kuta Padang, Telp : -
Kec. Johan Pahlawan, Meulaboh, IDIE (HI) Faks : -
Nangroe Aceh Darussalam Jl. Medan Banda Aceh No. 1,
Telp : - Kel. Kuta Blang, Kec. Idie Rayeuk, MEULABOH (HI)
Faks : - Aceh Timur, Jl. Sisingamangaraja No. 39,
Nangroe Aceh Darussalam Kel. Drien Rampak,
ACEH – LHOKSEUMAWE Telp : - Kec. Johan Pahlawan, Aceh Barat,
Jl. Samudera Baru Sp. 4, Faks : - Nangroe Aceh Darussalam
Kel. Lhokseumawe, Telp : -
Kec. Lhokseumawe, SUBULUSSALAM (HI) Faks : -
Lhokseumawe, Jl. Teuku Umar,
Nangroe Aceh Darussalam Kel. Penganggalan, NAGAN (HI)
Telp : - Kec. Penganggalan, Jl. Nasional Meulaboh – Tapak
Faks : - Subulussalam, Tuan, Kel. Drien Rampak,
Nanggroe Aceh Darussalam Kec. Johan Pahlawan, Aceh Barat,
MEDAN – RING ROAD Telp : - Nangroe Aceh Darussalam
Komplek OCBC, No. 8, 9, 10, 11, Faks : - Telp : -
Jl. Ringroad Setiabudi II, Faks : -
Kel. Sunggal, KUTACANE (HI)
Kec. Medan Sunggal, Medan, Jl. Iskandar Muda, PANTON LABU (HI)
Sumatera Utara Kec Babussalam, Jl. Medan - Banda Aceh Panton
Telp : 061-4519991 Kel. Kutacane Kota, Labu Dusun Bineh,
Faks : - Kec. Babussalam, Kel. Jalan Desa Ceumpedak,
Aceh Tenggara, Kec. Tanah Jambo Aye,
PADANG (HI) Nangroe Aceh Darussalam Aceh Utara,
Jl. Kampung Lalang, Telp : - Nangroe Aceh Darussalam
RT/RW 017/06, Faks : - Telp : -
Kelurahan Pasar Ambacang, Faks : -
Kecamatan Kuranji, KOTA FAJAR (HI)
Kota Padang, Sumatera Barat Jl. Tapaktuan - Medan, SIGLI (HI)
Telp : - Kel. Simpang Peut, Jl. Prof. A. Majid Ibrahim
Faks : - Kec. Kluet Utara, Aceh Selatan, No. 19B, Kel. Gampong Asan,
Nangroe Aceh Darussalam Kec. Kota Sigli, Pidie,
ACEH (HI) Telp : - Nangroe Aceh Darussalam
Jl. Tgk Imuem Lueng Bata, Faks : - Telp : -
Kel. Blang Cut, Kec. Leung Bata, Faks : -
Banda Aceh, KUALA SIMPANG (HI)
Nangroe Aceh Darussalam Jl. Ir. H. Juanda-Kuala Simpang TAKENGON (HI)
Telp : - Medan, Dusun Bahagia, Jl. Qurata Aini Desa Lentik,
Faks : - Kel. Desa Dalam, Kel. Gunung Bukit,
Kec. Karang Baru, Aceh Tamiang, Kec. Kebayakan, Aceh Tengah,
Nangroe Aceh Darussalam Nangroe Aceh Darussalam
Telp : - Telp : -
Faks : - Faks : -
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 467
Page 470
ULEE GLEE (HI) MEDAN 3 – KABANJAHE RANTAU PRAPAT – NIAS
Jl. Tgk. Chik Pante Geulima, Jl. Kapten Upah Tendi Sebayang Jl. Diponegoro LK IV No. 269,
Simpang Jembatan Layang, No. 07, RT/RW 005/003, Kel. Illir, Kec. Gunung Sitoli,
Kel. Beurawang, Kec. Meureudu, Kel. Padang Mas, Nias, Sumatera Utara
Pidie Jaya, Kec. Kabanjahe, Karo, Telp : 0639-22216
Nangroe Aceh Darussalam Sumatera Utara Faks : -
Telp : - Telp : 0628-21700
Faks : - Faks : 0628-20900 PADANG SIDEMPUAN –
PANYAMBUNGAN
PADANG SIDEMPUAN – KAPTEN TEBING TINGGI – SEI RAMPAH Jl. Willem Iskandar,
KOIMA Jl. Negara Komplek Ruko Asia Kel. Pidoli Lombang,
Jl. Kapten Koima No. 62A, Bisnis Centre No. 88 DD, Kec. Penyambungan,
Kel. Wek II, Kec. Padang Kel. Sei Rampah, Mandailing Natal, Sumatera Utara
Sidempuan Utara, Kec. Sei Rampah, Telp : -
Padang Sidempuan, Serdang Begadai, Faks : -
Sumatera Utara Sumatera Utara
Telp : - Telp : 0621-441471 NORTH SUMATRA AREA -
Faks : - Faks : 0621-441471 SYARIAH BUSINESS UNIT
OFFICES OTHER THAN BRANCH
NORTH SUMATRA AREA - KISARAN – AEK KANOPAN OFFICES
OFFICES OTHER THAN BRANCH Jl. Besar Aek Loba Pekan,
OFFICES Kel. Aek Loba Pekan, LHOKSEUMAWE –
Kec. Aek Kuasan, Aek Loba, PHANTON LABU
MEDAN – BINJAI Sumatera Utara JL. Banda Aceh-Medan,
Jl. Sultan Hasanuddin No. 12, Telp : 0624-92044 Kel. Desa Ceumpeudak,
Kel. Satria, Kec. Binjai Kota, Faks : 0624-92847 Kec. Tanah Jumbo Aye,
Binjai, Sumatera Utara Aceh Utara,
Telp : 061-8828880 PEMATANG SIANTAR – BALIGE Nangroe Aceh Darussalam
Faks : 061-8820479 Jl. Sisingamaraja No 158, Telp : -
Kel. Napitupulu Bagasan, Faks : -
MEDAN 1 – STABAT Kec. Balige, Toba Samosir,
Jl. KH. Zainal Arifin Stabat, No. 9, Sumatera Utara LHOKSEUMAWE – TAKENGON
Kel. Stabat Baru, Telp : 0632-21565 Jl. Bireuen-Takengon,
Kec. Stabat, Langkat, Faks : 0632-21555 Kel. Desa Kebet, Kec. Bebesan,
Sumatera Utara Aceh Tengah,
Telp : 06144012001 PADANG SIDEMPUAN – Nangroe Aceh Darussalam
Faks : - GUNUNG TUA Telp : -
Jl. Lintas Gunung Tua Faks : -
MEDAN 1 (KOTA) – TEMBUNG Padang Sidempuan KM. 2-5,
Jl. Besar Tembung Komplek Kel. Pasar Gunung Tua, ACEH – BIREUN
Mega City Blok A No. 20, Kec. Padang Bolak, Jl. Medan-Banda Aceh,
Kel. Desa Bandar Klipa, Padang Lawas Utara, Kel. Cot Tarom Tunong,
Kec. Percut Sei Tuan, Sumatera Utara Kec. Jeumpa, Bireun,
Deli Serdang, Sumatera Utara Telp : 6357-010009 Nangroe Aceh Darussalam
Telp : 061-7381768 Faks : - Telp : -
Faks : 061-7385970 Faks : -
RANTAU PRAPAT –
MEDAN – MARELAN KOTA PINANG ACEH – SIGLI
Jl. Marelan Pasar IV No. 67, Jl. Bukit Simpang 3, Jl. Banda Aceh-Medan,
Kel. Reggas Pulau, Kel. Kota Pinang, Kel. Keuniree, Kec. Pidie,
Kec. Medan Marelan, Marelan, Kec. Kota Pinang, Labuhan Batu, Pidie, Nangroe Aceh Darussalam
Sumatera Utara Sumatera Utara Telp : -
Telp : 06144038864 Telp : 0624-496194 Faks : -
Faks : - Faks : 0624-495831
LANGSA – IDI
MEDAN 3 – LUBUK PAKAM PADANG SIDEMPUAN – JL. Medan Banda Aceh Mansur,
Jl. Diponegoro No. III, SIBUHUAN Kel. Tanah Aoi, Kec. Idi Rayeuk,
Kel. Lubuk Pakam Pekan, Jl. K.H. Dewantara Lingkungan VI, Aceh Timur,
Kec. Lubuk Pakam, Deli Serdang, Kel. Pasar Sibuhuan, Nangroe Aceh Darussalam
Sumatera Utara Kec. Barumun, Telp : -
Telp : 061-7955715 Padang Lawas, Sumatera Utara Faks : -
Faks : - Telp : 0636-421591
Faks : 0636-421421 MEULABOH – BLANGPIDI
JL. Kesehatan Gampong,
Kel. Kuta Tuha,
Kec. Blangpidie, Blangpidie,
Nangroe Aceh Darussalam
Telp : -
Faks : -
468 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 471
Supporting
Data
MEULABOH – SUBULUSSALAM MEDAN BINJAI SOLOK – PASAR PANDAN
JL. Teuku Umar, Kel. Subussalam, MEDAN – BINJAI Jl. Pandan Ujung No. 41, Performance
Highlights
Kec. Simpang Kiri, Subussalam, Jl. Sultan Hasanuddin No. 12, RT/RW 01/01,
Nangroe Aceh Darussalam Kel. Satria, Kec. Binjai Kota, Binjai, Pasar Pandan Air,
Telp : - Sumatera Utara Kel. Pasar Pandan Air Mati, Opening
Faks : - Telp : - Kec. Tanjung Harapan, Solok,
Faks : - Sumatera Barat
LANGSA – KUALA SIMPANG Telp : 0755-21038 Management
Jl. Ir. Juanda Dusun Emplasmen MEDAN STABAT Faks : 0755-325150 Report
Kampung Kebun Tanah Terban, Jl. KH. Zainal Arifin Stabat, No. 9,
Kel. Tanah Terban, Kel. Stabat Baru, Kec. Stabat, KABUPATEN AGAM Corporate
Kec. Karang Baru, Aceh Tamian, Langkat, Sumatera Utara Ruko Panama Jl. Jambu Air KM. 2, Profile
Nangroe Aceh Darussalam Telp : - No. 75 & 77, Kel. Teluk IV Suku,
Telp : - Faks : - Kec. Banuhampu Sungai Puar,
Faks : - Agam, Sumatera Barat Management
Discussion
and Analysis
CENTRAL SUMATRA AREA - Telp : 0752 628836
LANGSA – KUTACANE BRANCH OFFICE Faks : 0752 628836
JL. Iskandar Muda Corporate
(Medan Kutacane), SENTRA COMMERCIAL PEKANBARU – Governance
Kel. Parapat Titi Panjang, SUMBAGTENG JENDRAL SUDIRMAN
Kec. Babussalam, Aceh Tenggara, Komp. Sudirman Jl. Jend Sudirman No. 121,
Nangroe Aceh Darussalam Bussines Central Pekanbaru, RT/RW 01/05, Environmental
and Social
Telp : - Jl. Jend Sudirman, Kel. Wonorejo, Responsibility
Faks : - RT/RW 001/007, Kec. Marpoyan Damai,
Kel. Tangkerang Selatan, Pekanbaru, Riau
PADANG SIDEMPUAN – Kec. Bukit Raya Pekanbaru, Telp : 0761-855351
SIBUHUAN Pekanbaru, Riau Faks : 0761-849000
Jl. K.H. Dewantara Lingkungan VI, Telp : (0761) 5795098
Kel. Pasar Sibuhuan, Faks : - PERAWANG – TUALANG
Kec. Barumun, Jl. Raya Perawang KM. 07,
Padang Lawas, Sumatera Selatan PADANG – THAMRIN RT/RW 002/003,
Telp : - Jl. Thamrin No. 1, Kel. Perawang Barat,
Faks : - Kel. Belakang Pondok, Kec. Tualang, Siak, Riau
Kec. Padang Selatan, Padang, Telp : 0811-7087-82
PADANG SIDEMPUAN – Sumatera Barat Faks : -
GUNUNG TUA Telp : 0751-812235
Jl. Lintas Gunung Tua Faks : 0751-841411 PANGKALAN KERINCI – AKASIA
Padang Sidempuan KM. 2-5, Jl. Akasia No. 58 E-F,
Kel. Pasar Gunung Tua, PADANG 2 (CAR) – RT/RW 001/005,
Kec. Padang Bolak, AGUS SALIM Kel. Pangkalan Kerinci,
Padang Lawas Utara, Jl. H Agus Salim, No. 17 C-D, Kec. Pelalawan, Siak, Riau
Sumatera Utara RT/RW 003/003, Kel. Sawahan, Telp : 0761-493028
Telp : - Kec. Padang Timur, Faks : 0761-493057
Faks : - Padang, Sumatera Barat
Telp : 0751-7530558 PEKANBARU 2 (CAR) –
PADANG SIDEMPUAN – Faks : 0751-7530557 JEND. SUDIRMAN
PANYABUNGAN Komp. Sudirman
Jl. Willem Iskandar, PARIAMAN – JATI Bussines Central
Kel. Pidoli Lombang Tua, Jl. Sentot Ali Basa, Kel. Jati Mudik, Jl. Jend. Sudirman,
Kec. Panyambungan, Kec. Pariaman Tengah, Pariaman, RT/RW 001/007,
Mandailing Natal, Sumatera Utara Sumatera Barat Kel. Tengkerang Selatan,
Telp : Telp :0751-91240 Kec. Bukit Raya Pekanbaru,
Faks : Faks :0751-91280 Pekanbaru, Riau
Telp : (0761) 5795098
MEDAN – MARELAN PASAMAN – SIMPANG EMPAT Faks : -
Jl. Marelan Pasar IV No. 67, Jl. Lintang Selatan Empat
Kel. Reggas Pulau, Mangopoh, Kel. Lingkungan Aua, RENGAT – SULTAN IBRAHIM
Kec. Medan Marelan, Marelan, Kec. Padang Selatan, Jl. Sultan Ibrahim,
Sumatera Utara Pasaman Barat, Sumatera Barat RT/RW 017/006,
Telp : 06144038864 Telp : 0753-466383 Kel. Kampung Besar, Kec. Rengat,
Faks : - Faks : 0753-466382 Kab. Indragiri Hulu, Riau
Telp : 0769-324217
MEDAN 1 (KOTA) – TEMBUNG PASAMAN (HI) Faks : 0769-324218
Jl. Besar Tembung Jl. Prof. Hamka No. 104,
Komplek Mega City Blok A, Pasaman Baru,
No. 20, Kel. Desa Bandar Klipa, Kel. Lingkuang Aua,
Kec. Percut Sei Tuan, Kec. Pasaman, Pasaman Barat,
Deli Serdang, Sumatera Utara Sumatera Barat
Telp : - Telp : -
Faks : - Faks : -
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 469
Page 472
BANGKINANG – PROF. M YAMIN PARIAMAN (HI) PEKANBARU (HI)
Jl. Prof M Yamin SH, Jl. Kampung Pondok, Jl. Arifin Ahmad,
RT/RW 03/01, Kel. Bangkingang, Kel. Pariaman Tengah, Kel. Sidomulyo Timur,
Kec. Bangkinang Kota, Kec. Koto Kaciak, Pariaman, Kec. Marpoyan Damai,
Kampar, Riau Sumatera Barat Pekanbaru, Sumatera Barat
Telp : 0676232333237 Telp : - Telp : -
Faks : - Faks : - Faks : -
DUMAI – AHMAD YANI PAYAKUMBUH (HI) KABUPATEN AGAM II
Jl. Ahmad Yani, Jl. Soekarno Hatta No. 101, Ruko Panama
Kel. Ratu Sima, Kel. Bulakan Balai Kandi, Jl. Jambu Air KM. 2,
Kec. Dumai Selatan, Dumai, Kec. Payakumbuh Barat, No. 75 & 77, Kel. Teluk IV Suku,
Riau Payakumbuh, Sumatera Barat Kec. Banuhampu Sungai Puar,
Telp : 0765-36985 Telp : - Agam, Sumatera Barat
Faks : 0765-37008 Faks : - Telp : -
Faks : -
BATAM – LAKSAMANA BINTAN PEKANBARU (HI)
Jl. Laksamana Bintan Jl. Arifin Ahmad, BANGKINANG – TEUKU UMAR
Komplek Bintang Mas Blok C Kel. Sidomulyo Timur, JL. Prof. M Yamin SH,
No. 2, 3 & 3A, Kel. Sei Panas, Kec. Marpoyan Damai, RT/RW 03/01, Kel. Bangkinang,
Kec. Batam Kota, Batam, Riau Pekanbaru, Sumatera Barat Kec. Bangkinang Kota,
Telp : 0778-492051 Telp : - Kampar, Sumatera Barat
Faks : 0778-492045 Faks : - Telp : -
Faks : -
BATU SANGKAR (HI) SIJUNJUNG (HI)
Jl. Sudirman No. 78 - Kubu Rajo Jl. Imam Bonjol Jorong Hilir Pasar CENTRAL SUMATRA AREA -
Nagari, Kel. Limo Kaum, Jum’at, Kel. Muaro, OFFICES OTHER THAN BRANCH
Kec. Tanah Datar, Sumatera Barat Kec. Sijunjung, OFFICES
Telp : - Sijunjung, Sumatera Barat
Faks : - Telp : - PADANG – AIRHAJI
Faks : - Jl. Koto Panai,
BUKITTINGGI (HI) Kel. Koto Panai Air Haji,
Jl. By. Pass Atas Parak Tinggi, SOLOK (HI) Kec. Linggo Sari Baganti,
Kel. Aur Kuning, Jl. Nasir ST Pamuncak, Pesisir Selatan, Sumatera Barat
Kec. Aur Birugo Tigo Baleh, RT/RW 01/01, Kel. Aro IV Korong, Telp : 0757-7344347
Bukittinggi, Sumatera Barat Kec. Lubuk Sikarah, Solok, Faks : 0757-7344350
Telp : - Sumatera Barat
Faks : - Telp : - PARIAMAN – LUBUK ALUNG
Faks : - Jl. Raya Padang Bukittinggi,
KOTOBARU (HI) Korong Sungai Abang,
Jl. Lintas Sumatera KM. 12.5, UJUNG GADING (HI) Kel. Lubuk Alung,
Kel. Kotobaru, Kec. JOR Kotobaru, Jl. Flores, Jorong Kuamang, Kec. Lubuk Alung,
Darmasraya, Sumatera Barat Kel. Ujung Gading, Padang Pariaman,
Telp : - Kec. Lembah Melintang, Sumatera Barat
Faks : - Pasaman Barat, Telp : 0751-698389
Sumatera Barat Faks : -
LUBUK BASUNG (HI) Telp : -
Jl. Chaniago Padang Baru, Faks : - PASAMAN – UJUNG GADING
Kel. Surabayo, Jl. Flores Jorong Kuamang,
Kec. Lubuk Basung, Agam, CENTRAL SUMATRA AREA Kel. Ujung Gading,
Sumatera Barat - SYARIAH BUSINESS UNIT Kec. Lembah Melintang,
Telp : - BRANCH OFFICE Pasaman Barat, Sumatera Barat
Faks : - Telp : 0753-470512
PADANG – THAMRIN Faks : 0753-470140
PADANG (HI) Jl. Thamrin No. 1,
Jl. Simpang Kampung Lalang, Kel. Belakang Pondok, PASAMAN – LUBUK SIKAPING
RT/RW 017/006, Kec. Padang Selatan, Padang, Komp. Pasar Lamo,
Kel. Pasar Ambacang, Sumatera Barat Jl. Sudirman No. 241,
Kec. Kuranji, Padang, Telp : - Kel. Durian Tinggi,
Sumatera Barat Faks : - Kec. Lubuk Sikaping, Pasaman,
Telp : - Sumatera Barat
Faks : - PAYAKUMBUH (HI) Telp : 0753-321714
Jl. Soekarno Hatta No. 101, Faks : -
Kel. Bulakan Balai Kandi,
Kec. Payakumbuh Barat,
Payakumbuh, Sumatera Barat.
Telp : -
Faks : -
470 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Supporting
Data
SOLOK – SAWAH LUNTO RENGAT – BELILAS DUMAI – BENGKALIS
Jl. Lintas Sumatera, KM. 3 Jl. Lintas Timur Simpang 4 Belilas, Jl. Gatot Subroto, RT/RW 01/04, Performance
Highlights
Jorong Padang Candi Nagari Sei, RT/RW 15/05, Kel. Pangkasai, Kel. Rimba Sekampung,
Kel. Sungai Dareh, Kec. Seberida, Indragiri Hulu, Riau Kec. Bengkalis, Bengkalis, Riau
Kec. Pulau Punjung, Darmasraya, Telp : - Telp : 0766-22561 Opening
Sumatera Barat Faks : - Faks : 0766-22563
Telp : 0754-451296
Faks : 0754-451295 RENGAT – AIR MOLEK DUMAI – SELAT PANJANG Management
Jl. Jend. Sudirman No. 69, Jl. Banglas, RT/RW 003/003, Report
SOLOK – KOTOBARU RT/RW 003/002, Kel. Selat Panang Timur,
Jl. Lintas Sumatera, Kel. Tanjung Gading, Kec. Tebing Tinggi, Corporate
Kel. Pasar Kotobaru, Kec. Pasir Penyu, Indragiri Hulu, Kepulauan Meranti, Riau Profile
Kec. Kotobaru, Dharmasraya, Riau Telp : -
Sumatera Barat Telp : 0769-442730 Faks : -
Telp : 0754-71851 Faks : 0769-442730 Management
Discussion
and Analysis
Faks : - DUMAI – OMBAK – BAGAN BATU
RENGAT – TEMBILAHAN Jl. Jend. Sudirman, RT/RW 02/02,
BUKITTINGGI – PAYAKUMBUH JL. H. Sadri, RT/RW 02/06, Kel. Bagan Batu, Corporate
Komp Toyota Kel. Tembilahan Kota, Kec. Bagan Sinembah, Governance
Intercom Payakumbuh, Kec. Tembilahan, Bagan Batu, Riau
Jl. Sukarno Hatta No. 1, Tembilahan, Riau Telp : 0765-51777
Kel. Pakan Sinayan, Telp : 0768-21788 Faks : 0765-552053 Environmental
and Social
Kec. Payakumbuh Barat, Faks : 0768-21757 Responsibility
Payakumbuh, Sumatera Barat BATAM – TANJUNG PINANG
Telp : 0752-95460 BANGKINANG – Jl. Gatot Subroto KM. 5
Faks : - UJUNG BATU ROKAN Bawah No. 4, Kel. Bulang,
Jl. Jend. Sudirman Ujung Batu, Kec. Tanjung Pinang Timur,
PEKANBARU – LIPAT KAIN RT/RW 001/001, Tanjung Pinang, Riau
Jl. H.R. Soebrantas Lipat Kain Kel. Ujung Batu Timur, Telp : 0771-314599
KM. 71, RT/RW 001/011, Kel. Ujung Batu, Faks : -
Kel. Lipat Kain, Kec. Kampar Kiri, Rokan Hulu, Riau
Kampar, Riau Telp : 0762-62177 CENTRAL SUMATRA AREA
Telp : 0761-5787002 Faks : 0762-62177 - SYARIAH BUSINESS UNIT
Faks : - OFFICES OTHER THAN BRANCH
BANGKINANG – OFFICES
PERAWANG – SIAK PASIR PANGARAYAN
Jl. Raja Kecik, RT/RW 012/004, Jl. Tuanku Tambusai, BANGKINANG –
Kel. Kampung Dalam, Kec. Siak, RT/RW 001/002, Pasir Putih Timur, PASIR PANGARAYAN
Siak, Riau Kel. Pematang Berangan, Jl. Tuanku Tambusai,
Telp : 0764-320729 Kec. Rambah, Riau RT/RW 001/002, Pasir Putih Timur,
Faks : 0764-320729 Telp : - Kel. Pematang Berangan,
Faks : - Kec. Rambah, Riau
PERAWANG KERINCI – SOREK Telp : -
Jl. Lintas Timur, Kel. Sorek Satu, BANGKINANG – DALU-DALU Faks : -
Kel. Pangkalan Kuras Pelalawan, Jl. Tuanku Tambusai, RT/RW 01/01,
Sorek, Riau Kel. Dalu-dalu, BANGKINANG – DALU-DALU
Telp : 0761-492176 Kec. Tambusai Tengah, Jl. Tuanku Tambusai, RT/RW 01/01,
Faks : 0761-492175 Rokan Hulu, Riau Kel. Dalu-dalu,
Telp : - Kec. Tambusai Tengah,
PERAWANG – KANDIS Faks : - Rokan Hulu, Riau
Jl. Raya Pekanbaru - Duri KM. 72, Telp : -
RT/RW 001/002, BANGKINANG – FLAMBOYAN Faks : -
Kel. Telaga Sam-Sam, Jl. Lintas Petapahan, Kota Garo,
Kec. Kandis, Siak, Riau RT/RW 016/005, BANGKINANG –
Telp : 0761-598833 Kel. Tanjung Sawit, UJUNG BATU ROKAN
Faks : 0761-598833 Kec. Tapung, Kampar, Riau Jl. Jend. Sudirman Ujung Batu
Telp : - RT/RW 001/001,
RENGAT – TALUK KUANTAN Faks : - Kel. Ujung Batu Timur,
Jl. Jend. Sudirman, Kec. Ujung Batu,
Kel. Beringin Teluk, DUMAI – DURI Rokan Hulu, Riau
Kec. Kuantan Tengah, Jl. Lintas Duri Dumai KM. 125, Telp : 0762-62177
Kuantan Singingi, Riau RT/RW 10/3, Kel. Balai Makam, Faks : 0762-62177
Telp : 0760-20245 Kec. Mandau, Duri, Riau
Faks : 0760-20717 Telp : 0765-598404 BANGKINANG – FLAMBOYAN
Faks : 0765-598403 Jl. Lintas Petapahan, Kota Garo,
RT/RW 016/005,
Kel. Tanjung Sawit,
Kec. Tapung, Kampar, Riau
Telp : -
Faks : -
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 471
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PADANG – AIRHAJI TANJUNG BINTANG BENGKULU – TENDEAN
Jl. Koto Panai, Jl. Raya Serdang Dusun 4A, Jl. Kapt. Tendean, No. 27 A-D,
Kel. Koto Panai Air Haji, RT/RW 21/09, Kel. Serdang, RT/RW 004/002,
Kec. Linggo Sari Baganti, Kec.Tanjung Bintang, Kel. Jembatan Kecil,
Pesisir Selatan, Sumatera Barat Lampung Selatan, Lampung Kec. Singaraja Pati,
Telp : - Telp : - Bengkulu, Bengkulu
Faks : - Faks : - Telp : 0736-341732
Faks : 0736-345457
BUKITTINGGI – PAYAKUMBUH MUARA BUNGO –
Komp Toyota JEND. SUDIRMAN BENGKULU 2 (CAR) – TENDEAN
Intercom Payakumbuh, Jl. Jend. Sudirman No. 65, Jl. Kapt. Tendean, No. 27 A-D,
Jl. Sukarno Hatta No. 1, RT/RW 002/001, Kel. Pasir Putih, RT/RW 004/002,
Kel. Pakan Sinayan, Kec. Muara Bungo, Bungo, Jambi Kel. Jembatan Kecil,
Kec. Payakumbuh Barat, Telp : 08117452128 Kec. Singaraja Pati,
Payakumbuh, Sumatera Barat Faks : - Bengkulu, Bengkulu
Telp : - Telp : 0736-341732
Faks : - PALEMBANG – BASUKI RAHMAT Faks : 0736-345457
Jl. Basuki Rahmat, No. 1779 ABCD,
SOUTH SUMATRA AREA - RT/RW 26/10, Kel. Pahlawan, LAMPUNG – GATOT SUBROTO
BRANCH OFFICE Kec. Kemuning, Palembang, Jl. Gatot Subroto, No. 99 D-H,
Sumatera Selatan Kel, Tanjung Gading,
JAMBI – HAYAM WURUK Telp : 0711-310022 Kec. Kedamaian,
Jl. Hayam Wuruk No. 49 – 51, Faks : 0711-378735 Bandar Lampung, Lampung
Kel. Payo Lebar, Kec. Jelutung, Telp : 0721-242293
Jambi, Jambi PALEMBANG 3 VETERAN Faks : 0721-242295
Telp : 0741-27979 Kompleks Rajawali
Faks : 0741-27979 JL. Veteran No 993, LAMPUNG 2 (CAR) –
RT/RW 16/05, Kel. 9 Ilir, GATOT SUBROTO
JAMBI 2 (CAR) – HAYAM WURUK Kec. Ilir Timur, Palembang, Jl. Gatot Subroto, No. 99 D-H,
Jl. Hayam Wuruk No. 49 – 51, Sumatera Selatan Kel, Tanjung Gading,
Kel. Payo Lebar, Kec. Jelutung, Telp : 0711-310511 Kec. Kedamaian,
Jambi, Jambi Faks : 0711-310512 Bandar Lampung, Lampung
Telp : - Telp : 0721-242293
Faks : - PRABUMULIH – Faks : 0721-242295
JEND. SUDIRMAN
SENTRA COMMERCIAL Ruko Graha Bumi Damai METRO – JEND. SUDIRMAN
SUMBAGSEL Jl. Jend. Sudirman No. 11 - 12, Jl. Jend. Sudirman No. 76,
Kompleks Rajawali Kel. Gunung Ibul Barat, Kel. Imopuro, Kec. Metro Pusat,
Jl. Veteran No 993, Kec. Prabumulih Timur, Metro, Lampung
RT/RW 16/05, Kel. 9 Ilir, Prabumulih, Sumatera Selatan Telp : 0725-7851033
Kec. Ilir Timur, Palembang, Telp : 0713-3300281 Faks : 0725-7851034
Sumatera Selatan Faks : 0713-3300282
Telp : 081519399096 BANDAR JAYA – PROKLAMATOR
Faks : - PANGKAL PINANG – Jl. Proklamator Raya, No. 23,
JEND. SUDIRMAN Dusun 5, RT/RW 012/005,
SAROLANGUN Jl. Jend. Sudirman No. 22-23, Kel. Bandar Jaya Barat,
Jalan Lintas Sumatera KM. 3, Kel. Taman Bunga, Kec. Terbanggi Besar,
Sri Pelayang, Kec. Gerunggang, Lampung Tengah, Lampung
Kel. Sarolangun Kembang, Pangkal Pinang, Telp : 0725-25980
Kec. Sarolangun, Sumatera Selatan Faks : 0725-25981
Sarolangun, Jambi Telp : 0717 438 422
Telp : - Faks : 0717 438 596 ARGA MAKMUR (HI)
Faks : - JL. Cut Nyak Dien No. 259,
BATU RAJA - OKU Kel, Purwodadi,
BATURAJA Jl. Dr. Moh. Hatta Kec. Arga Makmur,
Jl. Dr. Moh. Hatta Komp. Simpang Baku, Bengkulu Utara,
Komp. Simpang Baku, RT/RW 11/05, Kel. Kemalarai, Sumatera Selatan
RT/RW 11/05, Kel. Kemalarai, Kec. Baturaja Timur, Telp : -
Kec. Baturaja Timur, Ogan Komering, Faks : -
Ogan Komering, Sumatera Selatan
Sumatera Selatan Telp : 0735-322200 BABAT TOMAN (HI)
Telp : 0735-322200 Faks : 0735-323675 Jl. Lintas Sekayu–Lubuk Linggau
Faks : 0735-323675 Ruko Akien No. 2 Lk 1,
Kel. Babat, Kec. Babat Toman,
Musi Banyuasin,
Sumatera Selatan
Telp : -
Faks : -
472 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Supporting
Data
BANDAR JAYA (HI) BELTIM (HI) JEBUS (HI)
Jl. Proklamator No. 98, Jl. Jend. Sudirman, Jl. Raya Kimjung Dusun Performance
Highlights
RT/RW 14A/05A, RT/RW 15/08, Kampung Baru Barat,
Kel. Terbanggi Besar, Kel. Desa Kurnia Jaya, RT/RW 003/001, Kel. Sinar Manik,
Kec. Babat Toman, Kec. Manggar, Belitung Timur, Kec. Jebus, Bangka Barat, Opening
Lampung Tengah, Sumatera Selatan Sumatera Selatan
Sumatera Selatan Telp : - Telp : -
Telp : - Faks : - Faks : - Management
Faks : - Report
BENGKULU (HI) KALIANDA (HI)
BANGKA (HI) Jl. Danau No. 50, RT/RW 07/02, Jl. Raden Intan No. 123, Kota Baru, Corporate
Jl. Raya Koba, Kel. Jembatan Kecil, RT/RW 003/001, Kel. Kalianda, Profile
Ruko Komplek Bangka Asri Kec. Singaran Pati, Belitung, Kec. Kalianda, Lampung Selatan,
Blok 9/10, Kel. Dul, Sumatera Selatan Lampung
Kec. Pangkalan Baru, Telp : - Telp : - Management
Discussion
and Analysis
Pangkal Pinang - Faks : - Faks : -
Bangka Belitung,
Sumatera Selatan BETUNG (HI) KAYU AGUNG (HI) Corporate
Telp : - Jl. Merdeka Palembang Betung, Jl. Muchtar Saleh, Governance
Faks : - RT/RW 017/04, Kel. Mangun Jaya,
Kel. Kedondong Raye, Kec. Kayu Agung,
BANGKO (HI) Kec. Banyuasin III, Banyuasin, Ogan Komering Ilir, Environmental
and Social
Jl. Lintas Sumatera KM. 3, Sumatera Selatan Sumatera Selatan Responsibility
RT/RW 027/006, Telp : - Telp : -
Kel. Pematang Kandis, Faks : - Faks : -
Kec. Bangko, Merangin-Jambi,
Jambi MUARA BUNGO (HI) KELAPA (HI)
Telp : - Jl. Lebai Hasan, RT/RW 013/004, Jl. Raya Pangkal Pinang-Mentok,
Faks : - Kel. Batang Bungo, RT/RW 009/003, Kel. Kelapa,
Kec. Pasar Muara Bungo, Kec. Kelapa, Bangka Barat -
BAYUNG LENCIR (HI) Bungo, Jambi Bangka Belitung,
Jl. Palembang-Jambi, Telp : - Sumatera Selatan
RT/RW 007/000, Faks : - Telp : -
Kel. Bayung Lencir, Faks : -
Kec. Bayung Lencir, CURUP (HI)
Musi Banyuasin, Jl. A. Yani No. 73, RT/RW 009/003, KOBA (HI)
Sumatera Selatan Kel. Kampung Jaya, Jl. Soekarno Hatta 3 No. 15,
Telp : - Kec. Curup Tengah, Kel. Simpang Perlang,
Faks : - Rejang Lebong, Bengkulu Kec. Koba, Bangka Tengah -
Telp : - Bangka Belitung,
BELINYU (HI) Faks : - Sumatera Selatan
Jl. Sriwijaya, Kel. Kuto Panji, Telp : -
Kec. Belinyu, Bangka Belitung, DAYA MURNI (HI) Faks : -
Sumatera Selatan Jl. Jend. Sudirman, Kel. Daya Asri,
Telp : - Kec. Tumijajar, KOTA AGUNG (HI)
Faks : - Tulang Bawang Barat, Jl. Samudra No. 56,
Sumatera Selatan Pasar Madang, RT/RW 002/001,
BELITANG (HI) Telp : - Kel. Pasar Madang,
Jl. Jend. Sudirman No. 24, Faks : - Kec. Kota Agung,
Kel. Bedilan, Kec. Belitang, Tanggamus, Lampung
OKU Timur, Sumatera Selatan INDRALAYA (HI) Telp : -
Telp : - Jl. Lintas Timur KM. 34, Faks : -
Faks : - Komp. Perum Persada,
RT/RW 02/00, KOTABUMI (HI)
BELITUNG (HI) Kel. Indralaya Indah, Jl. Alamsyah Ratu Perwira Negara
Jl. Jend. Sudirman No. 8, Kec. Indralaya, Ogan Ilir, No. 111, Kel. Kelapa Tujuh,
RT/RW 008/004, Sumatera Selatan Kec. Kotabumi Selatan,
Kel. Pangkal Lalang, Telp : - Lampung Utara, Lampung
Kec. Tanjungpandan, Faks : - Telp : -
Belitung, Sumatera Selatan Faks : -
Telp : - JAMBI (HI)
Faks : - Jl. Prof. Dr. Yamin, LAHAT (HI)
Kel. Payo Lebar, Kec. Julutung, Jl. Letnan Marzuki No. 31,
Jambi, Bengkulu RT/RW 005/003,
Telp : - Kel. Talang Jawa Utara,
Faks : - Kec. Lahat, Lahat,
Sumatera Selatan
Telp : -
Faks : -
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Page 476
LAMPUNG (HI) PRABUMULIH (HI) SUNGAI LILIN (HI)
Jl. Hassanudin No. 3, Jl. Jend. Sudirman No. 36, Jl. Raya Palembang-Jambi KM. 112,
RT/RW 003/004, RT/RW 005/003, Kel. Sungaililin,
Kel. Gunung Mas, Kel. Gunung Ibul Barat, Kec. Sungaililin, Musi Banyuasin,
Kec. Teluk Betung Selatan, Kec. Prabumulih Timur, Sumatera Selatan
Lampung Prabumulih, Sumatera Selatan Telp : -
Telp : - Telp : - Faks : -
Faks : - Faks : -
TEBO (HI)
LIWA (HI) PRINGSEWU (HI) Jl. Lintas Tebo Bungo Pal 3,
Jl. Liwa Ranau KM. 5 Simpang Jl. Jend. Sudirman No. 88 F, Kel. Tebing Tinggi,
Serdang, Kel. Way Mengaku, Kel. Pringsewu, Kec. Pringsewu, Kec. Tebo Tengah,
Kec. Balik Bukit, Lampung Barat, Pringsewu Barat, Muara Tebo, Jambi
Lampung Sumatera Selatan Telp : -
Telp : - Telp : - Faks : -
Faks : - Faks : -
TOBOALI (HI)
LUBUK LINGGAU (HI) RAWAJITU (HI) Jl. Jend. Sudirman No. 40,
Jl. Yos Sudarso No. 2, Jl. Kenanga, RT/RW 001/005, Kel. Teladan, Kec. Toboali,
Kel. Taba Jemekeh, Kel. Gedung Karya Jitu, Bangka Selatan-Bangka Belitung,
Kec. Lubuk Linggau Timur 1, Kec. Rawajitu Selatan, Sumatera Selatan
Lubuk Linggau, Sumatera Selatan Tulang Bawang, Telp : -
Telp : - Sumatera Selatan Faks : -
Faks : - Telp : -
Faks : - TUGUMULYO (HI)
MARTAPURA - SUMSEL (HI) Jl. Lintas Timur Sumatera No. 1F,
Jl. Merdeka, RT/RW 001/001, RUMBIA (HI) Desa Tugumulyo Kampung 4
Kel. Terukis Rahayu, Jl. Raya Pasar Baru Dusun II, RT/RW 004/000, Kel. Tugumulyo,
Kec. Martapura, Oku Timur, RT/RW 06/04, Kel. Reno Basuki, Kec. Lempuing,
Sumatera Selatan Kec. Rumbia, Lampung Tengah, Ogan Komering Ilir,
Telp : - Sumatera Selatan Sumatera Selatan
Faks : - Telp : - Telp : -
Faks : - Faks : -
MENTOK (HI)
Jl. Sudirman PAL II Mentok, SABAK (HI) TULANG BAWANG (HI)
Kel. Air Belo, Kec. Muntok, Jl. Raya Pasar Baru Dusun II, Jl. Lintas Timur Pasar Unit 2,
Bangka Barat-Bangka Belitung, RT/RW 06/04, Kel. Talang Barat, Kel. Dwi Warga Tunggal Jaya,
Sumatera Selatan Kec. Muara Sabak Barat, Kec. Banjar Agung,
Telp : - Tanjung Jabung Timur, Tulang Bawang,
Faks : - Sumatera Selatan Sumatera Selatan
Telp : - Telp : -
METRO (HI) Faks : - Faks : -
Jl. Jend. Sudirman No. 21,
RT/RW 002/001, Kel. Imopuro, SEKAYU (HI) TUNGKAL (HI)
Kec. Metro Pusat, Jl Merdeka LK I, RT/RW 001/001, Jl. Prof. Dr. Sri Soedewi MS No. 65,
Metro, Lampung Kel. Serasan Jaya, RT/RW 009/006,
Telp : - Kec. Sekayu Musi Banyuasin, Kel. Tungkal Empat,
Faks : - Sumatera Selatan Kec. Tungkal Ilir,
Telp : - Tanjung Jabung Barat, Jambi
MUARA ENIM (HI) Faks : - Telp : -
Jl. Jend. Sudirman No. 5 A, Faks : -
Talang Jawa Atas, SIMPANG PEMATANG (HI)
Kel. Lebuay Bandung, Jl. Lintas Timur Simpang WAY JEPARA (HI)
Kec. Merapi Timur, Lahat, Pematang, RT/RW 024/007, Jl. Lintas Timur Pantai Timur
Sumatera Selatan Kel. Simpang Pematang, Sumetera, Kel. Braja Sakti,
Telp : - Kec. Simpang Pematang, Kec. Way Jepara, Lampung Timur,
Faks : - Mesuji, Lampung Lampung
Telp : - Telp : -
PALEMBANG (HI) Faks : - Faks : -
Jl. Residen Abdul Rozak No. 41,
Ruko 11-12, RT/RW 045/009, SUNGAI LIAT (HI) MUARA BULIAN (HI)
Kel. Bukit Sangkal, Kec. Kalidoni, Jl. Jend. Sudirman, Jl. Lintas Muara Tembesi – Jambi,
Palembang, Sumatera Selatan Ruko Permata Indah Blok 4-5, Kel. Kampung Baru,
Telp : - Kel. Sungailiat, Kec. Belinyu, Kec. Muara Tembesi,
Faks : - Bangka Belitung, Batanghari, Jambi
Sumatera Selatan Telp : -
Telp : - Faks : -
Faks : -
474 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Supporting
Data
WAY KANAN (HI) METRO (HI) JAMBI – SANGETI
Jl. Negara Lintas Sumatera Jl. Jend. Sudirman No. 21, Jl. Lintas Timur, RT/RW 08/03, Performance
Highlights
RT/RW 001/001, Kel. Imopuro, Kec. Metro Pusat, Kel. Sengeti, Kec. Sekernan,
Kel. Tiuh Balak Pasar, Kota Metro, Lampung Muaro Jambi, Jambi
Kec. Baradatu, Telp : - Telp : 082882031273 Opening
Way Kanan, Lampung Faks : - Faks :
Telp : -
Faks : - PALEMBANG (HI) JAMBI – MERLUNG Management
Jl. Residen Abdul Rozak No. 41, Jl. Lintas Timur, RT/RW 001/000, Report
SOUTH SUMATRA AREA - Ruko 11-12, RT/RW 45/09, Kel. Merlung, Kec. Merlung,
SYARIAH BUSINESS UNIT Kel. Bukit Sangka, Kec. Kalidoni, Tanjung Jabung Barat, Jambi Corporate
BRANCH OFFICE Palembang, Sumatera Selatan Telp : 082882030058 Profile
Telp : - Faks : -
JAMBI – HAYAM WURUK Faks : -
Jl. Hayam Wuruk No. 49-51, JAMBI – MUARA SABAK Management
Discussion
and Analysis
Kel. Payo Lebar, Kec. Jelutung, PRABUMULIH (HI) Jl. Imam Bonjol, RT/RW 001/000,
Jambi Jl. Jend. Sudirman No. 36, Kel. Talang Babat,
Telp : 0741-27979 Kel. Gunung Ibul Barat, Kec. Muara Sabak Barat, Corporate
Faks : 0741-27979 Kec. Prabumulih Timur, Tanjung Jabung Timur, Jambi Governance
Prabumulih, Sumatera Selatan Telp : 082882030630
BENGKULU – TENDEAN Telp : - Faks : -
Jl. Kapt. Tendean, No. 27 A-D, Faks : - Environmental
and Social
RT/RW 004/002, MUARA BUNGO – BANGKO Responsibility
Kel. Jembatan Kecil, PRINGSEWU (HI) Jl. Tiga Jalur Lintas Sumatera,
Kec. Singaraja Pati, Bengkulu Jl. A. Yani No. 77, RT/RW 010/004,
Telp : 0736-341732 Kel. Pringsewu Utara, Lingkungan Permata Permai,
Faks : 0736-345457 Kec. Pringsewu, Pringsewu, Kel. Sei Ulak, Kec. Nalo Tantum,
Lampung Marangin, Jambi
BANGKA (HI) Telp : - Telp : 0746-322848
Jl. Koba KM 4.5 Faks : - Faks : 0746-322849
Komplek Ruko Bangka Asri
A 9-10, Kel. Dul, TUGUMULYO (HI) MUARA BUNGO – SOROLANGUN
Kec. Pangkalan Baru, Jl. Lintas Timur Desa Tugumulyo Jl. Lintas Sumatera, KM. 1,
Bangka Tengah, Bangka Belitung Kampung IV, Kel. Tugumulyo, Kel. Sukasari, Kec. Sorlangun,
Telp : - Kec. Lempuing, Sorlangun, Jambi
Faks : - Ogan Komering Ilir, Telp : 0745-91827
Sumatera Selatan Faks : -
JAMBI (HI) Telp : -
Jl. Prof. Dr. M. Yamin, Faks : - MUARA BUNGO – MUARATEBO
Kel. Payo Lebar, Jl. Lintas Tebo – Bungo, KM. 3
Kec. Jelutung, Jambi, Jambi SOUTH SUMATRA AREA - RT/RW 01/05, Kel. Tebing Tinggi,
Telp : - OFFICES OTHER THAN BRANCH Kec. Tebo Tengah,
Faks : - OFFICES Maratebo, Jambi
Telp : 0744-21687
BANDAR JAYA (HI) JAMBI - MUARA BULIAN Faks : -
Jl. Proklamator Raya No. 98, Jl. Gajah Mada No. 99,
RT/RW 14A/05A, RT/RW 007/002, PANGKAL PINANG – BELITUNG
Kel. Bandar Jaya Barat, Kel. Rengas Condong, Jl. Jend. Sudirman No. 18A,
Kec. Terbanggi Besar, Kec. Muara Bulian, Jambi Kel. Pangkal Lalang,
Lampung Tengah, Telp : 0743-22696 Kec. Tanjung Pandan,
Sumatera Selatan Faks : - Belitung, Sumatera Selatan
Telp : - Telp : 0719-24884
Faks : - JAMBI – SUNGAI BAHAR Faks : 0719-25124
Jl. Poros Unit 1, RT/RW 07/00,
KALIANDA (HI) Kel. Suka Makmur, PALEMBANG 1 – SEKAYU
Jl. Raden Intan No. 123, Kec. Sungai Bahar, Muaro Jambi, Jl. Kol. Wahid Udin, No. 559 C,
Kel. Way Kalianda, Kec. Kalianda, Jambi LK 1, Kel. Serasan Jaya,
Lampung Selatan, Lampung Telp : 082882030494 Kec. Sekayu, Musi Banyuasin,
Telp : - Faks : - Sumatera Selatan
Faks : - Telp : 0714-323138
JAMBI – KUALA TUNGKAL Faks : -
LAMPUNG (HI) Jl. Ki Hajar Dewantara,
Jl. Hasanuddin No. 3, Kel. Tungkal IV Kota, BATURAJA – MUARA ENIM
RT/RW 003/004, Kec. Tungkal Ilir, Jl. A Yani No. 19/35B,
Kel. Gunung Mas, Tanjab Barat, Jambi RT/RW 001/001, Pasar 1,
Kec. Teluk Betung, Lampung Telp : 082882030660 Kel. Pasar I, Kec. Muara Enim,
Telp : - Faks : - Muara Enim, Sumatera Selatan
Faks : - Telp : 0734-422165
Faks : 0734-421006
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 475
Page 478
BATURAJA – LAHAT LAMPUNG – TANJUNG BINTANG JAMBI – SUNGAI BAHAR
Jl. Kol H. Burlian Blok D, Jl. Veteran Pasar Tanjung Jl. Poros Unit 1, RT/RW 07/00,
Kel. Bandar Jaya, Bintang, Kel. Jati Baru, Kel. Suka Makmur,
Kec. Lahat, Lahat, Kec. Tanjung Bintang, Kec. Sungai Bahar, Muaro Jambi,
Sumatera Selatan Lampung Selatan, Lampung Jambi
Telp : 0731-324147 Telp : 0721-8020346 Telp : -
Faks : 0731-322431 Faks : 0721-8020349 Faks : -
BATURAJA – BELITANG BANDAR JAYA – JAMBI – KUALA TUNGKAL
Jl. Sudirman RT/RW 003/005, TULANG BAWANG Jl. KH Dewantara,
Kel. Gumawang, Kec. Gumawang, Jl. Lintas Timur Sumatera, Kel. Tungkal Ilir,
Oku Timur, Sumatera Selatan Komp. Pasar Unit II, Kec. Tanjung Jabung Barat,
Telp : - RT/RW 2/2, Kel. Tunggal Warga, Jambi, Jambi
Faks : - Kec. Banjar Agung, Telp : -
Tulang Bawang, Lampung Faks : -
BENGKULU 2 – LUBUKLINGGAU Telp : 0726-750122
Jl. Sultan Mahmud Badaruddin II Faks : 0726-750925 JAMBI – SANGETI
No. 75, Kel. Margarahayu, Jl. Lintas Timur Sangeti,
Kec. Lubuk Linggau Selatan II, BANDARJAYA – DAYA MURNI Kel. Sangeti, Kec. Sekernan,
Lubuk Linggau, Sumatera Selatan Jl. Daya Asri No. 404, Muaro Jambi, Jambi
Telp : - RT/RW 04/02, Kel. Daya Murni, Telp : -
Faks : - Kec. Tumi Jajar, Faks : -
Tulang Bawang Barat, Lampung
BENGKULU – ARGAMAKMUR Telp : 0724-351425 JAMBI – MERLUNG
Jl. Ir. Soekarno No. 3, Faks : 0724-351465 Jl. Lintas Timur, RT/RW 001/001,
Kel. Rama Agung, Kel. Merlung,
Kec. Kota Argamakmur, METRO – WAY JEPARA Kec. Tanjung Jabung Barat,
Bengkulu Utara, Bengkulu Pasar Sribhawono, Jambi, Jambi
Telp : 0737-522868 Jl. Simpang Sribhawono, Telp : -
Faks : 0737-522868 RT/RW 036/006, Kel. Sri Menanti, Faks :-
Kec. Bandar Sribhawono,
BENGKULU – MUKO-MUKO Lampung Timur, Lampung JAMBI – MUARA SABAK
Jl. Jend. Sudirman, Telp : 0725-660567 Jl. Imam Bonjol,
Kel. Ujung Padang Faks : - Kel. Talang Babat,
Kec. Muko-Muko, Kec. Muara Sabak Barat,
Muko-Muko, Bengkulu SOUTH SUMATRA AREA - Tanjung Jabung Timur, Jambi
Telp : - SYARIAH BUSINESS UNIT Telp : -
Faks : 0725-7851034 OFFICES OTHER THAN BRANCH Faks : -
OFFICES
METRO – RUMBIA KALIMANTAN AREA -
Desa Rukti Basuki (Pasar Lama) BENGKULU – ARGAMAKMUR BRANCH OFFICE
Dusun 2, RT/RW 001/001, Jl. Ir. Soekarno No. 3,
Kel. Desa Rukti Basuki Kel. Rama Agung, Kec. SAMARINDA – AHMAD YANI
Kec. Rumbia, Kota Argamakmur, Jl. Ahmad Yani No. 3A-B,
Lampung Tengah, Lampung Bengkulu Utara, Bengkulu Kel. Sei/Sungai Pinang Dalam,
Telp : - Telp : - Kec. Sungai Pinang, Samarinda,
Faks : - Faks : - Kalimantan Timur
Telp : 0541-742734
LAMPUNG – KALIANDA BENGKULU - MUKO-MUKO Faks : 0541-738607
Jl. Kesuma Bangsa, No. 88 A, Jl. Jend. Sudirman,
RT/RW 002/001, Kel. Kalianda, Kel. Ujung Padang SAMARINDA 2 (CAR) –
Kec. Kalianda, Lampung Selatan, Kec. Muko-Muko, AHMAD YANI
Lampung Muko-Muko, Bengkulu Jl. Ahmad Yani, No. 3 A-B,
Telp : 0727-31602 Telp : - Kel. Sei/Sungai Pinang Dalam,
Faks : 0727-321332 Faks : 0725-7851034 Kec. Sungai Pinang, Samarinda,
Kalimantan Timur
LAMPUNG – KOTA AGUNG JAMBI - MUARA BULIAN Telp : 0541-742734
Jl. Ahmad Yani No. 21-22, Jl. Gajah Mada No. 99, Faks : 0541-738607
RT/RW 01/02, RT/RW 007/002,
Kel. Pringsewu Timur, Kel. Rengas Condong, BALIKPAPAN –
Kec. Pringsewu, Kec. Muaro Bulian, Jambi JEND. SUDIRMAN
Pringsewu, Lampung Telp : - Jl. Jend. Sudirman, No. 287,
Telp : 0722-21117 Faks : - Kel. Damai,
Faks : 0722-21117 Kec. Balikpapan Selatan,
Balikpapan, Kalimantan Timur
Telp : 0542-744870
Faks : 0542-744890
476 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 479
Supporting
Data
TARAKAN – MULAWARMAN BARABAI – MURAKARTA BANJARMASIN (HI)
Jl. Mulawarman, Jl. Murakata, RT/RW 06/11, Jl. Gatot Subroto Raya No. 10 B-C, Performance
Highlights
Kel. Karang Anyar, Kel. Bukat, Kec. Barabai - RT/RW 025/000, Kel. Kuripan,
Kec. Tarakan Barat, Tarakan, Hulu Sungai Tengah, Kec. Banjarmasin Timur, Banjar,
Kalimantan Timur Barabai, Kalimantan Selatan Kalimantan Selatan Opening
Telp : 0551-35999 Telp : 0517-43738 Telp : -
Faks : 0551-35600 Faks : 0517-44422 Faks : -
Management
BERAU – PEMUDA TANJUNG – PHM NOOR SANGATA – KARYA ETAM Report
Jl. Pemuda No. 11, Jl. Ir. PHM Noor, RT/RW 05/02, Karya Etam No. 224 A,
Kel. Tanjung Redeb, Kel. Mabu’un, Murung Pudak, Kel. Sangata, Kec. Sangata Utara, Corporate
Kec. Tanjung Redeb, Berau, Kec. Tabalong-Tanjung, Kutai Timur, Kalimantan Timur Profile
Kalimantan Timur Kalimantan Selatan Telp : -
Telp : 0811 5450 654 Telp : 0526-2022994 Faks : -
Faks : - Faks : 0526-202995 Management
Discussion
and Analysis
SAMBAS – TERIGAS
BANJARMASIN – AHMAD YANI BATULICIN – KAMPUNG BARU Jl. Terigas, Kel. Saing Rambi,
Jl. A. Yani, KM. 5.5, Jl. Transmigrasi, Kec. Sambas, Sambas, Corporate
Kel. Pemurus Luar, Kel. Kampung Baru, Kutai Timur, Kalimantan Barat Governance
Kec. Banjarmasin Timur, Kec. Simpang Empat, Telp : 0562-393209
Banjarmasin, Kalimantan Selatan Tanah Bumbu Faks : 0562-393207
Telp : 0511-3270579 Batu Licin, Kalimantan Selatan Environmental
and Social
Faks : 0511-3274103 Telp : 0518-71535 BARABAI (HI) Responsibility
Faks : - Jl. H.A. Syafawi Murakata,
MARTAPURA – AHMAD YANI Kel. Bukat, Kec. Barabai,
Jl. A. Yani KM. 37, PONTIANAK – AHMAD DAHLAN Hulu Sungai Tengah,
Kel. Sungai Pering, Jl. KH. Ahmad Dahlan No. 8-8 A, Kalimantan Selatan
Kec. Martapura, RT/RW 001/015, Telp : -
Martapura, Kalimantan Selatan Kel. Sei Bangkong, Faks : -
Telp : 0511-4773008 Kec. Pontianak Kota,
Faks : 0511-4782475 Pontianak, Kalimantan Barat BATULICIN (HI)
Telp : 0561-732772 Jl. Raya Batulicin No. 093,
PALANGKARAYA – LANGKAI Faks : - RT/RW 004/001,
Jl. RTA. Milono, KM. 4.3, Kel. Kampung Baru,
RT/RW 04/13, Kel. Langkai, PONTIANAK 2 (CAR) – Kec. Simpang Empat,
Kec. Pahandut, Palangkaraya, AHMAD DAHLAN Tanah Bumbu,
Kalimantan Timur Jl. KH. Ahmad Dahlan No. 8-8 A, Kalimantan Selatan
Telp : 0536-3223701 RT/RW 001/015, Telp : -
Faks : - Kel. Sei Bangkong, Faks : -
Kec. Pontianak Kota,
NUNUKAN (HI) Pontianak, Kalimantan Barat BERAU (HI)
Jl. Bahari Liem Hie Djung Telp : 0561-732772 Jl . Pembangunan I,
Blok B2 No. 01, RT/RW 001/000, Faks : - Kel. Sei Bendungan,
Kel. Nunukan Utara, Kec. Tanjung Redep, Berau,
Kec. Nunukan, SINGKAWANG – GM SITUT Kalimantan Timur
Kalimantan Utara Jl. GM Situt No. 68-69, Telp : -
Telp : - RT/RW 04/02, Kel. Pasirian, Faks : -
Faks : - Kec. Singkawang Barat,
Singkawang, Kalimantan Barat KAPUAS (HI)
SAMPIT – AHMAD YANI Telp : 0562-634311 Jl. Cilik Riwut, Kel. Selat Dalam,
Jl. Ahmad Yani No. 155 A, Faks : 0562-639789 Kec. Selat, Kapuas,
Kel. Mentawa Baru Hulu, Kalimantan Tengah
Kec. Ketapang, Sampit, SINTANG – MT HARYONO Telp : -
Kalimantan Tengah Jl. MT. Haryono No. 100, Faks : -
Telp : 0531-32187 RT/RW 11/04,
Faks : - Kel. Kapuas Kanan Hulu, KOTABARU (HI)
Kec. Sintang, Kapuas, Jl. Veteran No. 189 C,
PANGKALAN BUN – PASANAH Kalimantan Barat Kel. Dirgahayu,
Jl. Pasanah No. 04, Madurejo, Telp : 0565-22279 Kec. Pulau Laut Utara Utara,
Kel. Sidorejo, Kec. Arut Selatan, Faks : 0565-23034 Kotabaru, Kalimantan Selatan
Kotawaringin Barat, Telp : -
Kalimantan Tengah BALIKPAPAN (HI) Faks : -
Telp : 0532-2030367 Jl. MT. Haryono No. 02,
Faks : 0532-2030366 Kel. Sungai Nangka, MARTAPURA – KAL (HI)
Kec. Balipapan Selatan, Jl. A. Yani KM. 33, RT/RW 002/006,
Kalimantan Timur Kel. Banjar Baru Utara,
Telp : - Kec. Loktabat Utara,
Faks : - Banjarbaru, Kalimantan Selatan
Telp : -
Faks : -
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 477
Page 480
MUARA TEWEH (HI) SANGATTA (HI) PALANGKARAYA (HI)
Jl. Yetro Sinseng, Kel. Lanjas, Jl. I. A. Muis No. 27, Jl. Cilik Riwut KM. 1, Kel. Palangka,
Kec. Teweh Tengah, Barito Utara, Kel. Sangatta Utara, Kec. Jekan Raya, Palangkaraya,
Kalimantan Tengah Kec. Sangatta Utara, Kutai Timur, Kalimantan Tengah
Telp : - Kalimantan Timur Telp : -
Faks : - Telp : - Faks : -
Faks : -
PALANGKARAYA (HI) SANGATA – KARYA ETAM
Jl. Cilik Riwut KM. 1, TANAH GROGOT (HI) Karya Etam No. 224 A,
RT/RW 01/01, Kel. Palangka, Jl. RM. Noto Sunardi, Kel. Sangata, Kec. Sangata Utara,
Kec. Jekan Raya, Palangkaraya, Kel. Tanah Grogot, Kutai Timur, Kalimantan Timur
Kalimantan Tengah Kec. Tanah Grogot, Telp : -
Telp : - Paser, Kalimantan Timur Faks : -
Faks : - Telp : -
Faks : - SAMARINDA (HI)
PANGKALAN BUN (HI) Jl. Kadrie Oening, Kel. Air Hitam,
Jl. A. Yani, RT/RW 003/010, TANJUNG (HI) Kec. Samarinda Ulu, Samarinda,
Kel. Baru, Kec. Arut Selatan, Jl. A. Yani, RT 16 Selongan, Kalimantan Timur
Kotawaringin Barat, Kel. Tanjung, Kec. Tabalog, Telp : -
Kalimantan Tengah Kalimantan Selatan Faks : -
Telp : - Telp : -
Faks : - Faks : - SAMARINDA – AHMAD YANI
Jl. A. Yani, No. 3 A-B,
PELAIHARI (HI) TARAKAN (HI) Kel. Sei/Sungai Pinang Dalam,
Jl. A. Yani. KM. 01, RT/RW 001/001, Jl. KH. Agus Salim, Kec. Sungai Pinang, Samarinda,
Kel. Angsau, Kec. Pelaihari, RT/RW 008/000, Kalimantan Timur
Tanah Laut, Kalimantan Selatan Kel. Selumit Pantai, Telp : -
Telp : - Kec. Tarakan Tengah, Faks : -
Faks : - Tarakan, Kalimantan Utara
Telp : - KALIMANTAN AREA - OFFICES
PENAJAM (HI) Faks : - OTHER THAN BRANCH OFFICES
Jl. Propinsi KM. 18,
Kel. Petung, Kec. Penajam, TENGGARONG SAMARINDA – TENGGARONG
Penajam Paser Utara, Jl. Wolter Monginsidi No. 08, Jl. Patin No. 80,
Kalimantan Timur Kel. Timbau, Kec. Tenggarong, Kel. Timbau, Kec. Tenggarong,
Telp : - Kutai Kertanegara, Kutai Kartanegara,
Faks : - Kalimantan Timur Kalimantan Timur
Telp : - Telp : 0541-6666080
PONTIANAK (HI) Faks : - Faks : -
Jl. M. Karimata No. 03,
Kel. Sungai Bangkong, KALIMANTAN AREA - SYARIAH SAMARINDA – MELAK
Kec. Pontianak, Pontianak, BUSINESS UNIT BRANCH OFFICE Jl. KH. Dewantara No. 28,
Kalimantan Barat Kel. Melak Ulu, Kec. Melak,
Telp : - MARTAPURA – AHMAD YANI Kutai Barat, Kalimantan Timur
Faks : - Jl. A. Yani KM. 37, Telp : 0545-41222
Kel. Sungai Pering, Faks : -
SAMARINDA (HI) Kec. Martapura, Martapura,
Jl. Kadrie Oening, Kel. Air Hitam, Kalimantan Selatan BALIKPAPAN – GROGOT
Kec. Samarinda Ulu, Samarinda, Telp : - Jl. Anden Oko, RT/RW 015/006,
Kalimantan Timur Faks : - Kel. Tanah Grogot,
Telp : - Kec. Tanah Grogot,
Faks : - BALIKPAPAN (HI) Tanah Grogot, Paser,
Jl. MT. Haryono No. 02, Kalimantan Timur
SAMARINDA SEBERANG (HI) Kel. Sungai Nangka, Telp : 0542-321543
Jl. Pattimura Blok A No. 19, Kec. Balipapan Selatan, Faks : 0542-7213924
Kel. Mesjid, Kalimantan Timur
Kec. Samarinda Seberang, Telp : - BALIKPAPAN – HANDIL
Samarinda, Kalimantan Timur Faks : - Jl. M. Hatta Handil No. 4,
Telp : - Kel. Muara Jawa Ulu,
Faks : - MARTAPURA – KAL (HI) Kec. Muara Jawa,
Jl. A. Yani KM. 37.5, Kutai Kartanegara,
SAMPIT (HI) Kel. Banjarbaru Utara, Kalimantan Timur
Jl. MT Haryono, RT/RW 017/087, Kec. Martapura, Banjar, Telp : 0541-692090
Kel. Mentawa Baru Hulu, Kalimantan Selatan Faks : 0541-692020
Kec. Mentawa Baru Ketapang, Telp : -
Sampit, Kalimantan Tengah Faks : -
Telp : -
Faks : -
478 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 481
Supporting
Data
TARAKAN – NUNUKAN SAMPIT – SEI BABI PONTIANAK – RASAU JAYA
Jl. Tien Soeharto, Jl. Jend. Sudirman, KM. 86, Jl. Jend. Sudirman, RT/RW 32/08, Performance
Highlights
Kel. Nunukan Timur, RT/RW 010/001, Kel. Sei Babi, Dusun IV Purwodadi,
Kec. Nunukan, Nunukan, Kec. Telawang, Kel. Rasau Jaya I, Kec. Rasau Jaya,
Kalimantan Timur Kotawaringin Timur, Kubu Raya, Kalimantan Barat Opening
Telp : 0556- 2026318 Kalimantan Tengah Telp : 0561-573804
Faks : - Telp : - Faks : -
Faks : - Management
TARAKAN – TANJUNG SELOR PONTIANAK – KETAPANG Report
Jl. Duren, LAMANDAU – PANGKALAN Jl. DI. Panjaitan No. 04,
Tanjung Selor Hilir Bulungan, BANTENG RT/RW 037/008, Kel. Sampit, Corporate
Kel. Tanjung Selor Hilir, Jl. Batu Batanggui, Kec. Delta Pawan, Ketapang, Profile
Kec. Tanjung Selor, RT/RW 004/000, Kalimantan Barat
Bulungan, Kalimantan Utara Kel. Nanga Bulik, Telp : -
Telp : 0552-2026318 Kec. Bulik, Lamandau, Faks : - Management
Discussion
and Analysis
Faks : - Kalimantan Tengah
Telp : - SINGKAWANG – LANDAK
BERAU – WAHAU Faks : - Lintas Kalimantan Poros Tengah Corporate
Jl. Mulawarman, RT/RW 002/004, Dusun Pulau Bendu, Governance
Kel. Marga Mulia, Kec. Kongbeng, BARABAI – RANTAU Kel. Hilir Tengah,
Kutai Timur, Kalimantan Timur Jl. A. Yani, RT/RW 07/02, Kec. Ngabang, Landak,
Telp : 0549-2063009 Kupang, Tapin Utara, Kalimantan Barat Environmental
and Social
Faks : - Kel. Kupang Bulik, Telp : - Responsibility
Kec. Tapin Utara, Tapin Utara, Faks : -
KASONGAN Kalimantan Selatan
Jl. Tjilik Riwut KM. 6.5, Telp : 0517-31646 SAMBAS – BENGKAYANG
RT/RW 019/004, Faks : 0517-31610 Jl. Raya Sanggau Ledo,
Kel. Kasongan Lama, RT/RW 003/002, Kel. Sebalo,
Kec. Kasongan Hilir, Katingan, TANJUNG – MUARA TEWEH Kec. Bengkayang, Bengkayang,
Kalimantan Tengah Jl. Nenas, RT/RW 13/04, Kalimantan Barat
Telp : - Kel. Lanjas, Kec. Teweh Tengah, Telp : 05624261000
Faks : - Barito Utara, Kalimantan Tengah Faks : -
Telp : 0519-22330
BANJARMASIN – KAPUAS Faks : - SINTANG – NANGAPINOH
Jl. Cilik Riwut No. 1, Jl. Juang KM 1 No.8, Kel. Paal 8,
Kel. Selat Dalam, BATULICIN – KOTABARU Kec. Nangapinoh, Melawi,
Kec. Kuala Kapuas, Kapuas, Jl. H. Hasan Basri No. 7, Kalimantan Barat
Kalimantan Tengah Kel. Semayap, Telp : 0568-21406
Telp : 0513-24411 Kec. Pulau Laut Utara, Kotabaru, Faks : 0568-21976
Faks : - Kalimantan Selatan
Telp : 0518-24269 SINTANG – SEKADAU
MARTAPURA – PELAIHARI Faks : 0518-23262 Jl. Merdeka Timur,
Jl. H. Boejasin No. 7, RT/RW 013/003, Kel. Mungguk,
RT/RW 21/06, Kel. Angsau, BATU LICIN – SUNGAI DANAU Kec. Sekadau Hilir, Sekadau,
Kec. Pelaihari, Pelahari, Jl. Propinsi, Kel. Sungai Danau, Kalimantan Barat
Kalimantan Selatan Kec. Satui, Sungai Danau- Telp : -
Telp : 0512-23382 Tanah Bumbu, Faks : -
Faks : 0512-21978 Kalimantan Selatan
Telp : 0512-61403 SINTANG – SANGGAU
PALANGKARAYA – KASONGAN Faks : - Jl. Jend. Sudirman,
Jl. Kasongan Sampit KM. 1, RT/RW 013/005,
RT/RW 06/02 PONTIANAK - SUNGAI PINYUH Kel. Bunut, Kec. Kapuas,
Kel. Kasongan Lama, Jl. Seliung Blok A No. 8, Sanggau, Kalimantan Barat
Kec. Katingan Hilir Kel. Sungai Pinyuh, Telp : -
Kasongan, Kalimantan Selatan Kec. Sungai Pinyuh Faks : -
Telp : - Pontianak, Kalimantan Barat
Faks : - Telp : 0561-654482 SENTRA COMMERCIAL
Faks : - KALIMANTAN
SAMPIT – PARENGGEAN Jl. Jend. Sudirman, No. 287,
Jl. Kalikasa, RT/RW 003/001, TANJUNG SELOR (HI) Kel. Damai,
Kel. Parenggean, Jl. Skip II, Kel. Tanjung Selor, Kec. Balikpapan Selatan,
Kec. Parenggean, Sampit Kec. Tanjung Selor, Bulungan, Balikpapan, Kalimantan Timur
Telp : 0531-2051590 Kalimantan Utara Telp : -
Faks : - Telp : - Faks : -
Faks : -
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KALIMANTAN AREA - SYARIAH MAKASSAR 3 – GOWA BULUKUMBA – AHMAD YANI
BUSINESS UNIT OFFICES OTHER Jl. Sultan Hassanudin, Jl. A. Yani, No. 38, Kel. Caile,
THAN BRANCH OFFICES Kel. Pandang – pandang Kec. Ujung Bulu, Bulukumba,
Kec. Samba Opu, Gowa – Sulawesi Selatan
SAMARINDA – TENGGARONG Sungguminasa, Sulawesi Selatan Telp : 0413-2510035
Jl. Patin No. 80, Kel. Timbau, Telp : 0411 - 831054 Faks : 0413-2510037
Kec. Tenggarong, Faks : 0411 - 831056
Kutai Kartanegara, PALOPO - KELAPA
Kalimantan Timur MAKASSAR 4 (CAR) – PERINTIS Jl. Kelapa No. 47, RT/RW 001/008,
Telp : - Komplek Villa Surya Mas Blok A2 Legaligo Wara, Palopo,
Faks : - No. 23 - 24, Jl. Toddopuli Raya, Sulawesi Selatan
Kel. Tamalanrea Indah, Telp : 0471-22554
SAMARINDA – MELAK Kec. Paropo, Makassar, Faks : 0471-23866
Jl. KH. Dewantara No. 28, Sulawesi Selatan
Kel. Melak Ulu, Kec. Melak, Telp : 0411-4663786 PARE-PARE 2 (CAR) –
Kutai Barat, Kalimantan Timur Faks : 0411-4663779 BAU MASSEPE
Telp : - Jl. Veteran, Kel. Mallusetasi,
Faks : - BONE – MT HARYONO Kec. Ujung, Pare Pare,
Jl. MT. Haryono No. 1, Sulawesi Selatan
KASONGAN Kel. Bulu Tempe, Telp : 0421-3312500
Jl. Tjilik Riwut KM. 6.5, Kec. Tanete Rianttang Barat, Faks : 0421-25599
RT/RW 019/004, Bone, Sulawesi Selatan
Kel. Kasongan Lama, Telp : 0481 – 23335 KENDARI – AHMAD YANI
Kec. Kasongan Hilir, Katingan, Faks : - Jl. A. Yani No. 51 A, Wua Wua,
Kalimantan Tengah Kel. Anaiwoi, Kec. Kadia, Kendari,
Telp : - SENTRA COMMERCIAL SULTAN Sulawesi Tenggara
Faks : - Komp. Tamalanrea, Telp : 0401-396201
Jl. Perintis Kemerdekaan, Faks : 0401-396202
TANJUNG SELOR (HI) RT/RW 002/002,
Jl. Skip II, Kel. Tanjung Selor, Kel. Tamalanrea Indah, BAU-BAU – AGUS SALIM
Kec. Tanjung Selor, Bulungan, Kec. Tamalanrea, Makassar, JL. KH. Agus Salim,
Kalimantan Utara Sulawesi Selatan Kel. Wangkanapi, Kec. Wolio,
Telp : - Telp : - Bau-Bau, Sulawesi Tenggara
Faks : - Faks : - Telp : 0402-2821341
Faks : -
MARTAPURA – PELAIHARI BANGKIR (HI)
Jl. H. Boejasin No. 7, Jl. Trans Sulawesi, Kel. Desa Soni, PALU 2 – SOEKARNO HATTA
RT/RW 21/06, Kel. Angsau, Kec. Dampal Selatan, Tolitoli, Palu City Square,
Kec. Pelaihari, Pelahari, Sulawesi Tengah Jl. Soekarno Hatta, Kel. Talise,
Kalimantan Selatan Telp : - Kec. Mantikulore, Palu,
Telp : - Faks : - Sulawesi Tengah
Faks : - Telp : -
SIGI (HI) Faks : -
SULAWESI, MALUKU & PAPUA Jl. Lasoso, Kel. Lolu,
AREA - BRANCH OFFICE Kec. Sigi Biromaru, Sigi, PALU 2 (CAR) –
Sulawesi Tengah SOEKARNO HATTA
MAKASSAR 1 – AP. PETTARANI Telp : - Palu City Square,
Jl. AP. Pettarini Kompleks Ruko Faks : - Jl. Soekarno Hatta, Kel. Talise,
Delta Ramayana Jade 4-5, Kec. Mantikulore, Palu,
Kel. Masale, Kec. Panakukkang, BULI (HI) Sulawesi Tengah
Makassar, Sulawesi Selatan Jl. Komp. Lintas Halmahera, Telp : -
Telp : 0411-421006 Desa Buli Dusun II, Kel. Buli, Faks : -
Faks : 0411-425109 Kec. Maba, Halmahera Timur,
Maluku Utara POSO – KOTA
MAKASSAR 2 – PERINTIS Telp : - Jl. Pulau Bali, No. 4,
Komp. Tamalanrea, Faks : - Kel. Gebang Rejo, Kec. Poso,
Jl. Perintis Kemerdekaan, Kota Poso, Sulawesi Tengah
RT/RW 002/002, MOROTAI (HI) Telp : 0452 - 324748
Kel. Tamalanrea Indah, Jl. Soesilo Bambang Yudhoyono, Faks : 0452 - 324750
Kec. Tamalanrea, Makassar, Kel. Desa Yayasan,
Sulawesi Selatan Kec. Morotai Selatan, LUWUK – BANGGAI MAAHAS
Telp : 0411831054 Pulau Morotai, Maluku Utara Jl. Urip Sumoharjo, Kel. Jole,
Faks : 0411831056 Telp : - Kec. Luwuk, Banggai,
Faks : - Sulawesi Tengah
Telp : 0461-23912
Faks : 0461-23914
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Supporting
Data
MANADO – AHMAD YANI BANTAENG (HI) MAJENE (HI)
JL. A. Yani No. 10 D-E, Jl. Elang, RT/RW 001/001, Jl. Jend. Sudirman No. 134, Performance
Highlights
Kel. Sario, Kec. Sario, Kel. Pallantikang, Kec. Bantaeng, Kel. Lembang Dhua,
Manado, Sulawesi Utara Bantaeng, Sulawesi Selatan Kec. Banggae Timur, Majene,
Telp : 0431-8880443 Telp : - Sulawesi Barat Opening
Faks : 0431-8880446 Faks : - Telp : -
Faks : -
KOTAMOBAGU – SUPRAPTO BARRU (HI) Management
Pasar 23 Maret, Jl. A.A Bau Massepe No. 08, MAKALE (HI) Report
Jl. Suprapto, Kel. Gogagoman, RT/RW 000/000, Jl. Nusantara, Kel. Bombongan,
Kec. Kotamobagu, Kotamobagu, Kel. Mangempang, Kec. Barru, Kec. Makale, Tana Toraja, Corporate
Sulawesi Utara Barru, Sulawesi Selatan Sulawesi Selatan Profile
Telp : 0434-22813 Telp : - Telp : -
Faks : - Faks : - Faks : -
Management
Discussion
and Analysis
GORONTALO – BELOPA (HI) MAKASSAR (HI)
NANI WARTABONE Jl. Topoka, Kel. Belopa, Jl. Pelita Raya Blok A/28,
Jl. Hj. Nani Wartabone Kec. Belopa Utara, Luwu, Kel. Ballapparang, Kec. Rappocini, Corporate
No. 166, RT/RW 003/002, Sulawesi Selatan Makassar, Sulawesi Selatan Governance
Kel. Limbau UI, Telp : - Telp : -
Kec. Kota Selatan Gorontalo, Faks : - Faks : -
Gorontalo Environmental
and Social
Telp : - BONE (HI) MAKASSAR 3 (HI) Responsibility
Faks : - Jl. MH. Thamrin No. 1, Jl. Perintis Kemerdekaan KM. 14,
Kel. Wamapone, Kel. Daya, Kec. Biringkanaya,
MAMUJU - URIP SUMOHARJO Kec. Tanete Riattang, Makassar, Sulawesi Selatan
Jl. Urip Sumoharjo, No. 78, Sulawesi Selatan Telp : -
Kel. Karema, Kec. Mamuju, Telp : - Faks : -
Mamuju, Sulawesi Barat Faks : -
Telp : 0811-4600931 MALILI (HI)
Faks : - BULUKUMBA (HI) Jl. Dr. Sam Ratulangi,
Jl. Samratulangi, Kel. Caile, Kel. Desa Puncak Indah,
AMBON – SETIA BUDI Kec. Ujung Bulu, Bulu Kumba, Kec. Malili, Luwu Timur,
Jl. Setia Budi No. 26, Sulawesi Selatan Sulawesi Selatan
Kel. Ahusen, Kec. Sirimau, Telp : - Telp : -
Kota Ambon, Maluku Tengah Faks : - Faks : -
Telp : 0911-344641
Faks : 0911-344639 ENREKANG (HI) MALINO (HI)
Jl. P. Tendean, Kel. Kalosi, Jl. Karaeng Pado Malino,
TERNATE – BASTIONG Kec. Alla, Enrekang, RT/RW 002/003, Kel. Malino,
Jl. Bastiong No. 127, Sulawesi Selatan Kec. Tinggi Moncong, Gowa,
RT/RW 005/003, Telp : - Sulawesi Selatan
Kel. Bastiong Talangame, Faks : - Telp : -
Kec. Ternate Selatan, Ternate, Faks : -
Maluku Utara GOWA (HI)
Telp : 0921-3125128 Jl. Poros Pallangga, Kel. Tetebatu, MAMUJU (HI)
Faks : - Kec. Pallangga, Gowa, Jl. KS Tubun, Kel. Rimuku,
Sulawesi Selatan Kec. Mamuju, Mamuju,
JAYAPURA – ENTROP Telp : - Sulawesi Barat
Jl. Raya Abepura HM 2610, Faks : - Telp : -
RT/RW 005/004, Kel. Entrop, Faks : -
Kec. Jayapura Selatan, GOWA 2 (HI)
Jayapura, Papua Jl. Poros Pallangga, Kel. Tetebatu, MANGKUTANA (HI)
Telp : 0967 – 522911 Kec. Pallangga, Gowa, Jl. Trans Sulawesi No. 22,
Faks : - Sulawesi Selatan Kel. Tomoni, Kec. Tomoni,
Telp : - Luwu Timur, Sulawesi Selatan
SORONG – BASUKI RAHMAT Faks : - Telp : -
Jl. Basuki Rahmat KM. 8, Faks : -
Kel. Klasaman, JENEPONTO (HI)
Kec. Sorong Timur Sorong, Jl. Pahlawan Karisa, MAROS (HI)
Papua Barat Kel. Empoang Selatan, Jl. Poros Kariango Maros,
Telp : 0951-327584 Kec. Binamu, Jeneponto, Kel. Turikale, Kec. Maros,
Faks : 0951-328993 Sulawesi Selatan Sulawesi Selatan
Telp : - Telp : -
BANGKALA (HI) Faks : - Faks : -
Jl. Poros Makassar-Jeneponto,
Kel. Pellengu, Kec. Bangkala,
Jeneponto, Sulawesi Selatan
Telp : -
Faks : -
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MASAMBA (HI) SINJAI (HI) KENDARI (HI)
Jl. Muh. Hatta, Kel. Baliase, Jl. AP Pettarani, RT/RW 001/001, Jl. Made Sabara No. 31,
Kec. Masamba, Luwu Utara, Kel. Bongki, Kec. Sinjai Utara, Kel. Korumba, Kec. Mandonga,
Sulawesi Selatan Sinjai, Sulawesi Selatan Kendari, Sulawesi Tenggara
Telp : - Telp : - Telp : -
Faks : - Faks : - Faks : -
PALOPO (HI) SOPPENG (HI) KOLAKA (HI)
Desa Amasangan, Kel. Wara, Perumahan Kolam Mas Indah Jl. Made Sabara No. 31,
Kec. Palopo, Palopo, No. 13, Jl. Salotungo Ruku Kel. Lamokato, Kec. Kolaka,
Sulawesi Selatan Pakkanrebete, RT/RW 001/001, Sulawesi Tenggara
Telp : - Kel. Lalabata Rilau, Kec. Lalabata, Telp : -
Faks : - Soppeng, Sulawesi Selatan Faks : -
Telp : -
PANGKEP (HI) Faks : - LADONGI (HI)
Jl. Kemakmuran Poros Makassar JL. Welala, Kel. Welala,
Pare, RT/RW 003/003, No. 27, TAKALAR (HI) Kec. Ladongi, Kolaka Timur,
Kel. Mappasaile, Kec. Pangkajene, Jl. Jend. Sudirman No. 147, Sulawesi Tenggara
Pangkep, Sulawesi Selatan Kel. Kalabbirang, Telp : -
Telp : - Kec. Pattalasang, Takalar, Faks : -
Faks : - Sulawesi Selatan
Telp : - LASUSUA (HI)
PARE-PARE (HI) Faks : - Jl. Trans Sulawesi, Kel. Watuliwu,
Jl. H. Agus Salim No. 31, Kec. Lasusua, Kolaka Utara,
RT/RW 02/03, Kel. Tiro Sompe, TOPOYO (HI) Sulawesi Tenggara
Kec. Bacukiki Barat, Pare-Pare, Jl. Trans Topoyo Palu, Telp : -
Sulawesi Selatan Kel. Topoyo, Kec. Topoyo, Faks : -
Telp : - Mamuju Tengah, Sulawesi Barat
Faks : - Telp : - PUNGGALUKU (HI)
Faks : - Jl. Alamria, Kel. Desa Anduna,
PINRANG (HI) Kec. Laeya, Konawe Selatan,
Jl. Wahidin Sudiro Husodo, TORAJA (HI) Sulawesi Tenggara
Kel. Jaya, Kec. Watang Sawitto, Jl. Poros Rantepao Bolu, Telp : -
Pinrang, Sulawesi Selatan Kel. Rantepaku Tallunglipu, Faks : -
Telp : - Kec. Tallunglipu, Toraja Utara,
Faks : - Sulawesi Selatan RAHA (HI)
Telp : - Jl. Lakilaponto, RT/RW 02/02,
POLMAS (HI) Faks : - Kel. Mangga Kuning, Kec. Katobu,
Jl. H. Andi Depu Poros No. 2-3, Muna, Sulawesi Tenggara
Kel. Takatidung, Kec. Polewali, BOEPINANG (HI) Telp : -
Polewali Mandar, Sulawesi Barat Jl. Jend. Sudirman, Faks : -
Telp : - Kel. Boepinang, Kec. Poleang,
Faks : - Bombana, Sulawesi Tengah UNAAHA (HI)
Telp : - Jl. Sapati No. 199, Kel. Tumpas,
SELAYAR (HI) Faks : - Kec. Unaaha, Konawe, Sulawesi
Jl. Jendral Ahmad Yani, Tenggara
Kel. Benteng, BUTON (HI) Telp : -
Kec. Kepulauan Selayar, Jl. Bentoambari No. 68 C-D, Faks : -
Sulawesi Selatan Kel. Lamangga, Kec. Betoambari,
Telp : - Bau-Bau, Sulawesi Tenggara MAMASA (HI)
Faks : - Telp : - Jl. Poros Polewali Mamasa,
Faks : - Kel. Osango, Kec. Mamasa,
SENGKANG (HI) Mamasa, Sulawesi Barat
Jl. Andi Magga Amirullah No. 73, EREKE (HI) Telp : -
Kel. Teddaopu, Kec. Tempe, Wajo, Jl. Murhum, RT/RW 01/01, Faks : -
Sulawesi Selatan Kel. Buton Utara, Kec. Ereke,
Telp : - Sulawesi Tenggara ASERA (HI)
Faks : - Telp : - Jl. Mataiwoi, RT/RW 002/001,
Faks : - Kel. Mataiwoi, Kec. Asera,
SIDRAP (HI) Konawe Utara, Sulawesi Utara
Jl. Poros Soppeng, KASIPUTE (HI) Telp : -
RT/RW 001/002, Kel. Rijang Pittu, Jl. Yos Sudarso, Kel. Lameroro, Faks : -
Kec. Maritengngae, Sidenreng, Kec. Rumbia,
Sulawesi Selatan Bombona Desa Lantowonua, AMPANA (HI)
Telp : - Sulawesi Tenggara Jl. Moh. Hatta, Kel. Muara Toba,
Faks : - Telp : - Kec. Tojo Una-Una, Ampana,
Faks : - Sulawesi Tengah
Telp : -
Faks : -
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Supporting
Data
BUNGKU (HI) PASANGKAYU (HI) BACAN (HI)
Jl. Trans Sulawesi, Kel. Bente, Jl. Ir. Soekarno, Kel. Pasangkayu, Jl. Kebun Karet, RT/RW 01/01, Performance
Highlights
Kec. Bungku Tengah, Morowali, Kec. Pasangkayu, Mamuju Utara, Kel. Desa Tomori, Kec. Bacan,
Sulawesi Tengah Sulawesi Barat Halmahera Selatan, Maluku Utara
Telp : - Telp : - Telp : - Opening
Faks : - Faks : - Faks : -
BUNTA (HI) PENDOLO (HI) BITUNG (HI) Management
Jl. Moh. Yamin No. 177, Jl. Trans Sulawesi, Jl. Wolter Mongonsidi, Report
Kel. Bunta 1, Kec. Bunta, Banggai, Kel. Desa Pasir Putih, Kel. Girian Weru Dua,
Sulawesi Tengah Kec. Pamona Selatan, Pasir Putih, Kec. Girian, Bitung, Corporate
Telp : - Sulawesi Tengah Sulawesi Utara Profile
Faks : - Telp : - Telp : -
Faks : - Faks : -
BUOL (HI) Management
Discussion
and Analysis
Jl. Syarif Mansyur, Kel. Kali, POSO (HI) BOALEMO (HI)
Kec. Biau, Sulawesi Tengah Jl. Brigjen Katamso, Jl. Trans Sulawesi,
Telp : - Kel. Kasintuwu, Kec. Poso Kota, Kel. Desa Hungayonaa, Corporate
Faks : - Poso, Sulawesi Tengah Kec. Tilamuta, Boalemo, Governance
Telp : - Sulawesi Utara
DONGGALA (HI) Faks : - Telp : -
Jl. Trans Palu - Donggala No. 109, Faks : - Environmental
and Social
Kel. Banawa, Kec. Tanjung Batu, SALAKAN (HI) Responsibility
Sulawesi Tengah Jl. Bhayangkara Jalur II, BOROKO (HI)
Telp : - Kel. Desa Baka, Kec. Tinangkung, Jl. Trans Sulawesi,
Faks : - Banggai, Sulawesi Tengah Kel. Kuala Utara, Kec. Kaidipang,
Telp : - Bolaang Mongondow Utara,
KOTARAYA (HI) Faks : - Sulawesi Utara
Jl. KH. Dewantara, Telp : -
Kel. Kotaraya, Kec. Mepanga, TENTENA (HI) Faks : -
Parigi Moutong, Sulawesi Tengah Jl. Torulemba, Kel. Pamona,
Telp : - Kec. Puselemba, Poso, GORONTALO (HI)
Faks : - Sulawesi Tengah Jl. Nani Wartabone,
Telp : - Kel. Limba UI, Kec. Kota Selatan,
LUWUK (HI) Faks : - Gorontalo, Sulawesi Utara
Jl. Dr. Moh. Hatta No. 185 C, Telp : -
RT/RW 007/004, Kel. Maahas, TOILI (HI) Faks : -
Kec. Luwuk Selatan, Banggai, Jl. Trans Sulawesi, Kel. Desa
Sulawesi Tengah Singkoyo, Kec. Toili, Banggai, JAILOLO (HI)
Telp : - Sulawesi Tengah Jl. Muhammad Hatta,
Faks : - Telp : - RT/RW 004/003,
Faks : - Kel. Soaknora, Kec. Jailolo,
MOROWALI (HI) Halmahera Barat, Maluku Utara
Jl. Trans Sulawesi, TOLI TOLI (HI) Telp : -
Kel. Desa Tinompo, Jl. Usman Binol, Kel. Baolan, Faks : -
Kec. Lembo, Morowali Utara, Kec. Baru, Sulawesi Tengah
Sulawesi Tengah Telp : - JAYAPURA (HI)
Telp : - Faks : - Jl. Raya Entrop, Kel. Entrop,
Faks : - Kec. Jayapura Selatan,
TOMPE (HI) Jayapura, Papua
PALU (HI) Jl. Trans Palu - Toli-Toli, Telp : -
Jl. Soekarno–Hatta, RT/RW 00/001, Kel. Desa Tompe, Faks : -
RT/RW 05/08, Kel. Talise, Kec. Sirenja, Palu,
Kec. Palu Timur, Mantikulore, Sulawesi Tengah KOTAMOBAGU (HI)
Valangguni, Sulawesi Tengah Telp : - Jl. KS Tubun, Kel. Matali,
Telp : - Faks : - Kec. Kotamobagu Timur,
Faks : - Kotamobagu, Sulawesi Utara
AMBON (HI) Telp : -
PARIGI (HI) Jl. Wolter Monginsidi, Faks : -
Jl. Trans Sulawesi, Kel. Parigi, RT/RW 004/003, Kel. Lateri,
Kec. Kampal, Parigi Moutong, Kec. Baguala, Ambon, Maluku MANADO (HI)
Sulawesi Tengah Telp : - Jl. Jalan Yos Sudarso/AA Maramis,
Telp : - Faks : - Kel. Kairagi Satu, Kec. Mapanget,
Faks : - Manado, Sulawesi Utara
Telp : -
Faks : -
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MANOKWARI (HI) TAHUNA (HI) LIMBOTO (HI)
Jl. Trikora Wosi, Kel. Wosia, Jl. Hasanudin, Jl. Achmad Al Wahab,
Kec. Manokwari Barat, Kel. Sawang Bendar, Kec. Tahuna, Kel. Hepuhulawa, Kec. Limboto,
Manokwari, Papua Sangihe, Sulawesi Utara Gorontalo, Gorontalo
Telp : - Telp : - Telp : -
Faks : - Faks : - Faks : -
MARISA (HI) TALAUD (HI) WEDA (JAILOLO) (HI)
Jl. Blok Plan Desa, Kel. Palopo, Jl. Raya Melonguane, Ruko Gor Nurweda, Kel. Nurweda,
Kec. Marisa, Pahuwato-Gorontalo, Kel. Melonguane Tengah, Kec. Weda, Halmahera Tengah,
Sulawesi Utara Kec. Melonguane, Maluku Utara
Telp : - Kepulauan Talaud, Sulawesi Utara Telp : -
Faks : - Telp : - Faks : -
Faks : -
MASOHI (HI) SULAWESI REGION - SHARIA
Jl. Hiu Kampung Kodok, TERNATE (HI) BUSINESS UNIT BRANCH OFFICE
Kel. Mangempang, Kec. Barru, Jl. Arnold Mononutu, Kel. Stadion,
Barru, Sulawesi Selatan Kec. Ternate Tengah, MAKASSAR 1 – AP. PETTARANI
Telp : - Maluku Utara, Maluku Jl. AP. Pettarini Kompleks Ruko
Faks : - Telp : - Delta Ramayana Jade 4-5,
Faks : - Kel. Masale, Kec. Panakukkang,
MOLIBAGU (HI) Makassar, Sulawesi Selatan
Jl. Daopeyago, Kel. Mangempang, TOBELO (HI) Telp : 0411-421006
Kec. Barru, Barru, Jl. Desa Mahia, Kel. Mahia, Faks : 0411 425109
Sulawesi Selatan Kec. Tobelo Utara,
Telp : - Halmahera Utara, Maluku MAKASSAR 4 (CAR) – PERINTIS
Faks : - Telp : - Komplek Villa Surya Mas Blok A2
Faks : - No. 23-24, Jl. Toddopuli Raya,
NAMLEA (HI) Kel. Tamalanrea Indah,
Jl. Propinsi - Pal 2, TOMOHON (HI) Kec. Paropo, Makassar,
Kel. Dusun Sehe, Jl. Raya Tomohon Lingkungan I, Sulawesi Selatan
Kec. Namlea, Buru, Kel. Walian, Telp : -
Maluku Kec. Tomohon Selatan, Faks : -
Telp : - Tomohon, Sulawesi Utara
Faks : - Telp : - GORONTALO –
Faks : - NANI WARTABONE
RATAHAN (HI) Jl. Hj. Nani Wartabone
Lingkungan IV, Kel. Tasoraya, TUAL (HI) No. 166, RT/RW 003/002,
Kec. Minahasa, Jl. Jend. Sudirman, Kel. Limbau UI, Kec. Kota Selatan
Minahasa Tenggara, Kel. Desa Ohijang, Kec. Kei Kecil, Gorontalo, Gorontalo
Sulawesi Utara Maluku Tenggara, Maluku Telp : -
Telp : - Telp : - Faks : -
Faks : - Faks : -
BONE – MT. HARYONO
SAUMLAKI (HI) WAISARISSA (HI) Jl. MT. Haryono, No. 1,
Jl. Mathilda Batlayeri, Jl. Trans Seram, Kel. Waimital, Kel. Bulu Tempe,
Kel. Saumlaki, Kec. Kairatu Barat, Kec. Tanete Rianttang Barat,
Kec. Tanimbar Selatan, Seram Bagian Barat, Maluku Bone, Sulawesi Selatan
Maluku Tenggara Barat, Maluku Telp : - Telp : -
Telp : - Faks : - Faks : -
Faks : -
BAHODOPI (BUNGKU) (HI) PALOPO - KELAPA
SIAU (HI) Jl. Trans Sulawesi, Kel. Bahodopi, Jl. Kelapa No. 47, RT 001/008,
Kompleks Ruko Plaza Blok B No. 5, Kec. Morowali, Sulawesi Tengah Legaligo, Wara, Palopo,
Jl. Bollevard Ulu Siau, Telp : - Sulawesi Selatan
Kel. Tarorane, Kec. Siau Timur, Faks : - Telp : 0471-22554
Sitaro, Sulawesi Utara Faks : 0471-23866
Telp : - BANGGAI (HI)
Faks : - Jl. Lompio, RT/RW 002/001, PARE-PARE 2 (CAR) –
Kel. Lompio, Kec. Banggai, BAU MASSEPE
SORONG (HI) Banggai Laut, Sulawesi Tengah Jl. Veteran, Kel. Mallusetasi,
Ruko Perumnas, Telp : - Kec. Ujung, Pare Pare,
Jl. Basuki Rahmat KM. 11, Faks : - Sulawesi Selatan
Kel. Klawuyuk, Kec. Sorong Timur, Telp : -
Sorong, Papua Faks : -
Telp : -
Faks : -
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Supporting
Data
KENDARI – AHMAD YANI MANADO (HI) BUTON (HI)
Jl. Ahmad Yani No. 51 A, Jl. Jalan Yos Sudarso/AA Maramis, Jl. Betoambari No. 68 C-D, Performance
Highlights
Wua Wua, Kel. Anaiwoi, Kel. Kairagi Satu, Kec. Mapanget, Kel. Lamangga, Kec. Murhun,
Kec. Kedia, Kadai, Kendari, Manado, Sulawesi Utara Bau-Bau, Sulawesi Tenggara
Sulawesi Tenggara Telp : - Telp : - Opening
Telp : - Faks : - Faks : -
Faks : -
BULUKUMBA (HI) KENDARI (HI) Management
PALU 2 (CAR) – Jl. Samratulangi, Kel. Caile, Jl. Ahmad Yani No. 23, Report
SOEKARNO HATTA Kec. Ujung Bulu, Bulu Kumba, Kel. Bende, Kec. Kadia,
Palu City Square Sulawesi Selatan Kendari, Sulawesi Tenggara Corporate
Jl. Soekarno Hatta, Telp : - Telp : - Profile
Kel. Talise, Kec. Mantikulore, Faks : - Faks : -
Palu, Sulawesi Tengah
Telp : - JENEPONTO (HI) KOLAKA (HI) Management
Discussion
and Analysis
Faks : - Jl. Pahlawan Karisa, Jl. Khairil Anwar No. 34 E,
Kel. Empoang Selatan, Kel. Lamokato, Kec. Kolaka,
MAMUJU – URIP SUMOHARJO Kec. Binamu, Jeneponto, Kolaka, Sulawesi Tenggara Corporate
Jl. Urip Sumoharjo, No. 78, Sulawesi Selatan Telp : - Governance
Kel. Karema, Kec. Mamuju, Telp : - Faks : -
Mamuju, Sulawesi Barat Faks : -
Telp : - TERNATE (HI) Environmental
and Social
Faks : - MAKASSAR (HI) Jl. Arnold Manonutu, Responsibility
Jl. Pelita Raya Blok A/28, Kel. Stadion,
TERNATE – BASTIONG Kel. Ballaparang, Kec. Rappocini, Kec. Kota Ternate Tengah,
Jl. Raya Bastiong No. 127, Makassar, Sulawesi Selatan Ternate, Maluku Utara
RT/RW 005/003, Telp : - Telp : -
Kel. Bastiong Talagame, Faks : - Faks : -
Kec. Ternate Selatan, Ternate,
Maluku Utara MAMUJU (HI) SULAWESI REGION - NON-
Telp : 0921-3125128 Jl. Jend. Sudirman, Kel. Simboro, BRANCH OFFICE
Faks : - Kec. Simboro, Mamuju,
Sulawesi Barat MAKASSAR – PANGKEP
LUWUK (HI) Telp : - Ruko Abadi, Jl. Kemakmuran
Jl. Dr. Moh. Hatta No. 185 C, Faks : - No. 14 Poros Makassar Pare,
RT/RW 007/004, Kel. Maahas, Kel. Mappasaile, Kec. Pangkajene,
Kec. Luwuk Selatan, Banggai, PALOPO (HI) Pangkep, Sulawesi Selatan
Sulawesi Tengah Jl. Andi Djemma No. 6-7, Telp : 0410-323671
Telp : - Kel. Surutanga, Kec. Wara Timur, Faks : 0410-323674
Faks : - Palopo, Sulawesi Selatan
Telp : - MAKASSAR 2
PALU (HI) Faks : - Komp. Tamalanrea,
Jl. Soekarno–Hatta, Jl. Perintis Kemerdekaan,
RT/RW 05/08, Kel. Talise, PINRANG (HI) RT/RW 002/02,
Kec. Palu Timur, Mantikulore, Jl. Dr. Wahidin Sudiro Husodo, Kel. Tamalanrea Indah,
Valangguni, Sulawesi Tengah Kel. Jaya, Kec. Watang Sawitto, Kec. Tamalanrea, Makassar,
Telp : - Pinrang, Sulawesi Selatan Sulawesi Selatan
Faks : - Telp : - Telp : 0411-831054
Faks : - Faks : 0411-831056
POSO (HI)
Jl. Brigjen Katamso, SIDRAP (HI) MAKASSAR 3 – TAKALAR
Kel. Kasintuwu, Kec. Poso Kota, Jl. Poros Soppeng, Jl. Jend. Sudirman,
Poso, Sulawesi Tengah RT/RW. 001/002, Kel. Rijang Pittu, Kel. Kallabirang,
Telp : - Kec. Maritengngae, Kec. Pattallassang
Faks : - Sidenreng Rappang, Takalar, Sulawesi Selatan
Sulawesi Selatan Telp : 0411-8323552
AMBON (HI) Telp : - Faks : 0411-8323551
Jl. Wolter Monginsidi, Faks : -
RT/RW 004/003, Kel. Lateri, MAKASSAR 3 – JENEPONTO
Kec. Baguala, Ambon, TORAJA (HI) Lanto Dg Pasewang No. 113,
Maluku Jl. Poros Rantepao Bolu, Kel. Balang Toa, Kec. Binamu,
Telp : - Kel. Rantepaku Tallunglipu, Jeneponto, Sulawesi Selatan
Faks : - Kec. Tallunglipu, Toraja Utara, Telp : 0411-842228
Sulawesi Selatan Faks : -
GORONTALO (HI) Telp : -
Jl. Nani Wartabone, Faks : -
Kel. Limba UI, Kec. Kota Selatan,
Gorontalo, Sulawesi Utara
Telp : -
Faks : -
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 485
Page 488
BONE WAJO – PANGGARU PARE-PARE – PINRANG PALU 2
Jl. A. Panggaru No. 16, Jl. Jend. Sudirman No. 221 A, Jl. Soekarno–Hatta,
Kel. Teddopu, Kec. Tempe, RT 001/RW 002, RT/RW 05/08, Kel. Talise,
Sengkang Wajo, Sulawesi Selatan Kel. Maccorawalie, Kec. Palu Timur Mantikulore,
Telp : 0485-22662 Kec. Watang Sawitto, Pinrang, Valangguni, Sulawesi Tengah
Faks : 0485-22663 Sulawesi Selatan Telp : -
Telp : 0421-921069 Faks : -
BULUKUMBA – SINJAI Faks : -
Jl. AP. Pettarani, Kel. Balangnipa, PALU 3
Kec. Sinjai Utara, Sinjai, PARE-PARE – ENREKANG Jl. Karaja Lemba Blok A No. 02,
Sulawesi Selatan Jl. P. Tendean, Kel. Kalosi, RT/RW 001/001, Kel. Kalukubala,
Telp : - Kec. Alla, Enrekang, Kec. Sigi Biromaru, Palu,
Faks : - Sulawesi Selatan Sulawesi Tengah
Telp : - Telp : -
BULUKUMBA – BANTAENG Faks : - Faks : -
Jl. Dr. Sam Ratulangi, Kel. Letta,
Kec. Bantaeng, Bantaeng, KENDARI – KOLAKA PALU – PARIGI
Sulawesi Selatan Jl. Dr. Sutomo, Kel. Lamokato, Jl. Trans Sulawesi, Kel. Masigi,
Telp : 0413-22073 Kec. Kolaka, Kolaka, Kec. Parigi, Parigi Moutong,
Faks : - Sulawesi Tenggara Sulawesi Selatan
Telp : 0405-21255 Telp : 0450-21444
PALOPO – MANGKUTANA Faks : 0405-23910 Faks : 0450-22376
Jl. Trans Sulawesi Tomoni Dusun
Jaya Bakti, Kel. Mulyasari, KENDARI – KONAWE PALU – BUOL
Kec. Tomoni, Tomoni, Jl. Ir. Soekarno No. 614, Jl. MT. Haryono, Kel. Buol,
Luwu Timur, Sulawesi Selatan RT/RW 001/001, Kel. Tumpas, Kec. Kec. Biau, Buol, Sulawesi Selatan
Telp : 0473-25080 Unaaha, Konawe, Telp : -
Faks : - Sulawesi Selatan Faks : -
Telp : -
PALOPO – TORAJA Faks : - PALU – KOTARAYA
Jl. Pongtiku No. 60, Jl. Tadulako, Kel Kotaraya,
Kel. Rinding Batu, KENDARI – KONAWE SELATAN Kec. Mepanga, Parigi Moutong,
Kec. Kesu, Toraja Utara, Jl. Alam Ria, Kel. Punggaluku, Sulawesi Selatan
Sulawesi Selatan Kec. Laeya, Konawe Selatan, Telp : -
Telp : 0423-24410 Sulawesi Selatan Faks : -
Faks : - Telp : -
Faks : - PALU – TOLI TOLI
PALOPO – MASAMBA Jl. Usman Binol, RT/RW 001/001,
Jl. Muh. Hatta, Kel. Baliase, BAU-BAU – RAHA Kel. Baru, Kec. Baolan, Toli Toli,
Kec. Masamba, Luwu Utara, Pertokoan Laino, Sulawesi Selatan
Sulawesi Selatan Jl. Lumba-Lumba, Telp : 0453-24131
Telp : 0473-22106 RT/RW 002/003, Kel. Laiworu, Faks : 0453-24129
Faks : - Kec. Batalaiworu, Muna,
Sulawesi Selatan PALU – PASANGKAYU
PALOPO – BELOPA Telp : - Jl. Ir. Soekarno -
Komp. Barana Pance, Faks : - Trans Sulawesi, Kel. Pasangkayu,
Jl. S. Pareman No. 11, Kec. Pasangkayu
Kel. Pammanu, MAMUJU – POLMAS Mamuju Utara, Sulawesi Barat
Kec. Belopa Utara, Belopa, Jl. Jend. Sudirman No. 21, Telp : -
Sulawesi Selatan Kel. Sidodadi, Kec. Wonomulyo, Faks : -
Telp : 0471-3316077 Poelwali Mandar,
Faks : - Sulawesi Selatan BUNGKU – TRANS SULAWESI
Telp : - Jl. Trans Sulawesi, Kel. Ipi,
PALOPO – MALILI Faks : - Kec. Bungku Tengah, Morowali,
Jl. Soekarno Hatta, Sulawesi Tengah
Kel. Puncak Indah, Kec. Malili, MAMUJU – TOPOYO Telp : -
Luwu Timur, Sulawesi Selatan Jl. Poros Mamuju, Faks : -
Telp : - Kel. Topoyo, Kec. Topoyo, Mamuju,
Faks : - Sulawesi Selatan POSO – BETELEME
Telp : - Jl. Tadulako, Kel. Desa Beteleme,
PARE-PARE – SIDRAP Faks : - Kec. Lembo, Morowali Utara,
Jl. Sultan Hasanudin, Sulawesi Selatan
Kel. Wala, Kec. Maritenggae, MAMUJU – MAJENE Telp : -
Sidrap, Sulawesi Selatan Jl. Jend. Sudirman No. 134, Faks : -
Telp : - Kel. Lembang Dhua,
Faks : - Kec. Banggae Timur, Majena,
Sulawesi Barat
Telp : -
Faks : -
486 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 489
Supporting
Data
POSO – AMPANA TERNATE – SOFIFI BONE WAJO – PANGGARU
Jl. Moh. Hatta, Jl. 40 Barumadoe, Kel. Balbar, Jl. A. Panggaru No. 16, Performance
Highlights
Kel. Uentanaga Bawah, Kec. Oba Utara, Tidore, Kel. Teddopu, Kec. Tempe,
Kec. Ratolindo, Tajo Una–Una, Kepulauan Maluku Utara Sengkang Wajo, Sulawesi Selatan
Sulawesi Tengah Telp : - Telp : 0485-22662 Opening
Telp : 0464-22303 Faks : - Faks : 0485-22663
Faks: -
TERNATE – BACAN PARE-PARE – SIDRAP Management
LUWUK – TOILI Tomori Tugu Ikan, Kel. Tomori, Jl. Sultan Hasanudin, Kel. Wala, Report
Jl. Trans Toili Sulawesi, Kec. Bacan, Tobelo Tengah, Kec. Maritenggae, Sidrap,
Kel. Desa Singkoyo, Kec. Toili, Halmahera Selatan, Maluku Utara Sulawesi Selatan Corporate
Banggai, Sulawesi Tengah Telp : 09272110005 Telp : - Profile
Telp : - Faks : - Faks : -
Faks : -
TERNATE – WEDA PARE-PARE – PINRANG Management
Discussion
and Analysis
LUWUK – SALAKAN Jl. Raya Were, Kel. Were, Jl. Jend. Sudirman No. 221 A,
Jl. Bhayangkara, Dusun 5, Kec. Weda, Halmahera Tengah, RT/RW 001/002,
Kel. Baka, Kec. Tinangkung, Maluku Utara Kel. Maccorawalie, Corporate
Banggai Kepulauan, Telp : - Kec. Watang Sawitto, Pinrang, Governance
Sulawesi Tengah Faks : - Sulawesi Selatan
Telp : - Telp : -
Faks : - TERNATE – TOBELO Faks : - Environmental
and Social
Jl. Trans Halmahera, Responsibility
MANADO – BITUNG Kel. Desa Mahia, Kec. Wosia, PARE-PARE – ENREKANG
Jl. Raya Manado Bitung, Tobelo Tengah, Halmahera Utara, Jl. P. Tendean, Kel. Kalosi,
Kel. Manembo–Nembo, Maluku Utara Kec. Alla, Enrekang,
Kec. Matuari, Bitung, Telp : - Sulawesi Selatan
Sulawesi Utara Faks : - Telp : -
Telp : 0438-35977 Faks : -
Faks : - JAYAPURA – TIMIKA
Jl. Hasanuddin No. 9, PALOPO – MANGKUTANAH
MANADO – TOMOHON Kel. Nawaripi, Kec. Inauga, Jl. Trans Sulawesi Tomoni Dusun
Jl. Raya Tomohon Tandano, Mimika Baru, Papua Barat Jaya Bakti, Kel. Mulyasari,
Kel. Matani 1, Telp : - Kec. Tomoni, Tomoni,
Kec. Tomohon Tengah, Faks : - Luwu Timur, Sulawesi Selatan
Tomohon, Sulawesi Utara Telp : -
Telp : 0431-352357 JAYAPURA – MERAUKE Faks : -
Faks : - Jl. Brawijaya, RT/RW 008/002,
Kel. Mandala, Kec. Merauke, PALOPO – BELOPA
GORONTALO – MARISA Merauke, Papua Komp. Barana Pance,
Jl. Blok Plan, Kel. Marisa, Telp : 0971-3337818 Jl. S. Pareman No. 11,
Kec. Marisa, Pohuwato, Gorontalo Faks : - Kel. Pammanu Kec. Belopa Utara,
Telp : 0443-210262 Belopa, Sulawesi Selatan
Faks : - SORONG – MANOKWARI Telp : 0471-3316077
Jl. Trikora Wosi Manokwari Barat, Faks : -
GORONTALO – KWANDANG RT/RW 02/14, Kel. Sanggeng,
Jl. Trans Sulawesi Poros Kec. Manokwari Barat, PALOPO – MALILI
Gorontalo, Dusun Pasar Lama, Manokwari, Papua Barat Jl. Soekarno Hatta,
Kel. Moluo, Kec. Kwandang, Telp : - Kel. Puncak Indah, Kec. Maili,
Gorontalo Utara, Gorontalo Faks : - Luwu Timur, Sulawesi Selatan
Telp : 0442-310179 Telp : -
Faks : - SULAWESI REGION - BRANCH Faks : -
OFFICE EXCEPT FOR SHARIA
AMBON – NAMLEA BUSINESS UNIT BRANCH OFFICE PALOPO – TORAJA
Yos Sudarso Dusun Tatanggo, Jl. Pongtiku No. 60, RT/RW 01/03,
RT/RW 003/002, Kel. Namlea, MAKASSAR – PANGKEP Kel. Rinding Batu, Kec. Kesu,
Kec. Namlea Buru, Maluku Ruko Abadi, Jl. Kemakmuran No. Toraja Utara, Sulawesi Selatan
Telp : - 14, Poros Makassar Pare, Telp : -
Faks : - Kel. Mappasaile, Kec. Pangkajene, Faks : -
Pangkep, Sulawesi Selatan
AMBON – MASOHI Telp : - PALOPO – MASAMBA
Jl. Abdullah Soulissa No. III, Faks : - Jl. Muh. Hatta, Kel. Baliase,
RT/RW 002/001, Kel. Ampera, Kec. Masamba, Luwu Utara,
Kec. Amahai, Masohi, Maluku Sulawesi Selatan
Telp : 0914- 21854 Telp : -
Faks : Faks : -
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 487
Page 490
KENDARI – KOLAKA TERNATE – BACAN DENPASAR (CAR) – GATOT
Jl. Dr. Sutomo, Kel. Lamokato, Tomori Tugu Ikan, Kel. Tomori, SUBROTO
Kec. Kolaka, Kolaka, Kec. Bacan, Tobelo Tengah, Jl. Raya Cargo 14 A-14 B,
Sulawesi Tenggara Halmahera Selatan, Maluku Utara Kel. Ubung, Kec. Denpasar Utara,
Telp : - Telp : 09272110005 Kota Denpasar, Bali
Faks : - Faks : - Telp : 0361-2101054
Faks : -
KENDARI – KONAWE TERNATE – TOBELO
Jl. Ir. Soekarno No. 614, Jl. Trans Halmahera, MATARAM – PENJANGGIK
RT/RW 001/001, Kel. Tumpas, Kec. Kel. Desa Mahia, Jl. Pejanggik, No. 65 A-B,
Unaaha, Konawe, Kec. Wosia, Tobelo Tengah, Kel. Cakra Barat,
Sulawesi Selatan Halmahera Utara, Maluku Utara Kec. Cakranegara, Mataram,
Telp : - Telp : - Nusa Tenggara Barat
Faks : - Faks : - Telp : 0370-673195
Faks : 0370-673139
KENDARI – KONAWE SELATAN TERNATE - WEDA
Jl. Alam Ria, Kel. Punggaluku, Jl. Raya Were, Kel. Were, SELONG – PANCOR
Kec. Laeya, Konawe Selatan, Kec. Weda, Tobelo Tengah, Jl. TGKH. Zainuddin Abdul Majid
Sulawesi Selatan Halmahera Tengah, Maluku Utara No. 46, Kel. Pancor, Kec. Selong,
Telp : - Telp : - Lombok Timur,
Faks : - Faks : - Nusa Tenggara Barat
Telp : 0376-2929247
GORONTALO – MARISA BALI & NUSA TENGGARA Faks : 0376-21400
Jl. Blok Plan, Kel. Marisa, REGION - BRANCH OFFICE
Kec. Marisa, Pohuwato, Gorontalo KUPANG – TUAK DAUN MERAH
Telp : 0443-210262 DENPASAR – DEWATA SQUARE Jl. Frans Lebu Raya,
Faks : - Komp. Dewata Square, RT/RW 002/001,
Jl. Letda Tantular No. 1, Kel. Tuak Daun Merah,
GORONTALO – KWANDANG Blok A 17-20, Kec. Oebobo, Kupang Nusa Dua,
Jl. Trans Sulawesi Poros Kel. Dangin Puri Klod, Nusa Tenggara Timur
Gorontalo, Dusun Pasar Lama, Kec. Denpasar Timur, Telp : 0380-8479025
Kel. Moluo, Kec. Kwandang, Denpasar, Bali Faks : 0388-824422
Gorontalo Utara, Gorontalo Telp : 0361-231510
Telp : - Faks : 0361-256159 SUMBAWA – SEKETENG
Faks : - Komp. Pertokoan,
DENPASAR – NUSA DUA Jl. Udang 8 C-D, RT/RW 02/02,
MAMUJU – POLMAS Jl. By Pass Ngurah Rai 168, Kel. Seketeng, Kec. Sumbawa,
Jl. Jend. Sudirman No. 21, Kel. Tuban, Kec. Kuta, Sumbawa, Nusa Tenggara Barat
Kel. Sidodadi, Kec. Wonomulyo, Badung, Bali Telp : 371625550
Poelwali Mandar, Telp : - Faks : 0371-325324
Sulawesi Selatan Faks : -
Telp : - MAUMERE – SIKKA
Faks : - TABANAN – IR SOEKARNO Jl. Jend. Jenderal Sudirman,
Jl. Ir. Soekarno BR, RT/RW 016/005, Kel. Waioti,
MAMUJU – TOPOYO Tegal Belodan Kec. Alok Timur, Sikka,
Jl. Poros Mamuju, Daun Peken, Nusa Tenggara Timur
Kel. Topoyo, Kec. Topoyo, Mamuju, Tabanan Telp : 0382-22187
Sulawesi Selatan Telp : 0365-43276 Faks : 038222524
Telp : - Faks : -
Faks : - DOMPU (HI)
GIANYAR – DARMA GIRI Jl. Kartini Lingkungan Magenda,
MAMUJU – MAJENE By Pass Darma Giri, Kel. Potu, Kec. Dompu, Dompu,
Jl. Jend. Sudirman No. 134, Kel. Gianyar, Kec. Gianyar, Bali Nusa Tenggara Barat
Kel. Lembang Dhua, Telp : 0361-955383 Telp : -
Kec. Banggae Timur, Majena, Faks : 0361-955386 Faks : -
Sulawesi Barat
Telp : - SINGARAJA – BULELENG ENDE (HI)
Faks : - Jl. Udayana No 18 A, Jl. Eltari No. 8, Kel. Mautapaga,
RT/RW 003/002, Kel. Kaliuntu, Kec. Ende Timur, Ende,
TERNATE – SOFIFI Kec. Buleleng, Singaraja, Bali Nusa Tenggara TImur
Jl. 40 Barumadoe, Kel. Balbar, Telp : 0362 – 29076 Telp : -
Kec. Oba Utara, Tidore, Faks : - Faks : -
Kepulauan, Maluku Utara
Telp : - LABUAN BAJO (HI)
Faks : - Jl. Frans Nala, Kel. Batu Cermin,
Kec. Komodo, Manggarai Barat,
Nusa Tenggara Timur
Telp : -
Faks : -
488 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 491
Supporting
Data
MASBAGIK (HI) GIANYAR – NUSA PENIDA MAUMERE – RUTENG
Jl. Pendidikan, Lingkungan Malit, Banjar Sampalan Jl. Yos Sudarso, RT/RW 005/003, Performance
Highlights
Kel. Masbagik Selatan, Jl. Batununggul, Kel. Sampalan, Kel. Mbaumuku,
Kec. Masbagik, Lombok Timur, Kec. Nusa Penida, Denpasar, Bali Kec. Langke Rembong,
Nusa Tenggara Barat Telp : - Ruteng, Nusa Tenggara Timur Opening
Telp : - Faks : - Telp : -
Faks : - Faks : -
GIANYAR – KARANGASEM Management
RUTENG (HI) Jl. Jend. Sudirman, MAUMERE – LABUAN BAJO Report
Jl. Wae Ces No. 45, Kel. Subagan, Kec. Karangasem, Jl. Frans Nala, RT/RW 007/002,
RT/RW 008/004, Karangasem, Bali Kel. Batu Cermin, Kec. Komodo, Corporate
Kel. Mbaumuku, Telp : 0363-23557 Labuan Bajo, Profile
Kec. Langke Rembong, Faks : 0363-22300 Nusa Tenggara Timur
Manggarai, Nusa Tenggara Timur Telp : -
Telp : - LOMBOK – PRAYA Faks : - Management
Discussion
and Analysis
Faks : - Jl. Jend. Sudirman No. 60,
Komp. Pertokoan Praya MAUMERE – LEMBATA FLORES
SUMBAWA (HI) Kel. Praya, Wangatoa Utara Barat, Corporate
Jl. Setia Budi No. 14, Kec. Praya, Lombok Tengah, RT/RW 031/012, Kel. Selandoro, Governance
Kel. Seketeng, Kec. Sumbawa, Nusa Tenggara Barat Kec. Nubatuka, Lembata,
Sumbawa, Nusa Tenggara Barat Telp : 0370-654906 Nusa Tenggara Timur
Telp : - Faks : - Telp : - Environmental
and Social
Faks : - Faks : - Responsibility
MATARAM – TANJUNG LOMBOK
BALI & NUSA TENGGARA Raya Tanjung Ds. Gubuk Baru, MAUMERE – WAINGAPU
REGION - SHARIA BUSINESS Kel. Sokong, Kec. Tanjung, Jl. R. Suprapto No. 88,
UNIT BRANCH OFFICE Lombok Utara, RT/RW 06/11, Kel. Prailiu,
Nusa Tenggara Barat Kec. Kambera, Sumba Timur,
MATARAM – PEJANGGIK Telp : 0370-6573573 Nusa Tenggara Timur
Jl. Pejanggik No. 65 A-B, Faks : - Telp : -
Kel. Cilinaya, Kec. Cakranegara, Faks : -
Mataram, Nusa Tenggara Barat KUPANG – SOE
Telp : 0370-673195 Jl. Gajah Mada No. 23 B, BALI & NUSA TENGGARA
Faks : 0370-673139 RT/RW 11/06, Kel. Karangsiri, REGION – SHARIA BUSINESS
Kec. Kota Soe, Timor Tengah UNIT NON-BRANCH OFFICE
SELONG – PANCOR Selatan, Nusa Tenggara Timur
Jl. TGKH. Zainuddin Abdul Majid Telp : 0388-22466 MATARAM – PRAYA
No. 46, Kel. Pancor, Kec. Selong, Faks : - Jl. Jend. Sudirman No. 60,
Lombok Timur, Komp. Pertokoan Praya,
Nusa Tenggara Barat KUPANG – ATAMBUA Kel. Praya, Kec. Praya,
Telp : 0376-21100 Jl. Imam Bonjol No. 3, Lombok Tengah,
Faks : 0376-21400 RT/RW 015/005, Kel. Atambua, Nusa Tenggara Barat
Kec. Kota Atambua, Belu, Telp : 0370-654906
WAY JEPARA Nusa Tenggara Timur Faks : -
Jl. Eltari No. 8, Kel. Mautapaga, Telp : -
Kec. Ende Timur, Ende, Faks : - MATARAM – TANJUNG LOMBOK
Nusa Tenggara Timur Raya Tanjung Ds. Gubuk Baru,
Telp : - SUMBAWA – BIMA Kel. Sokong, Kec. Tanjung,
Faks : - Jl. Hasanuddin, No. 9B, Lombok Utara, Nusa Tenggara
Kel. Nae, Kec. Rasanae, Bima, Barat
BALI & NUSA TENGGARA Nusa Tenggara Barat Telp : 0370-654906
REGION – NON-BRANCH OFFICE Telp : 0374-646087 Faks : -
Faks : 0374-646905
TABANAN – NEGARA
Jl. Ngurah Rai No. 70, SUMBAWA – TALIWANG
Kel. Dauhwaru, Kec. Jembrana, Jl. Lingk. Kota Baru B,
Negara, Bali RT/RW 002/006, Kel. Dalam,
Telp : 0361-8941670 Kec. Taliwang, Sumbawa Barat
Faks : - Telp : -
Faks : -
DENPASAR 3 – UBUNG
Jl. Gatot Subroto Barat No. 101 X, MAUMERE – ENDE
Kel. Ubung, Kec. Denpasar Utara, Jl. Kelimutu No. 093,
Denpasar, Bali Kel. Ende Tengah,
Telp : - Kec. Ende, Flores,
Faks : - Nusa Tenggara Timur
Telp : 0381-22018
Faks : 0381-22353
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07 FINANCIAL REPORT
Page 493
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PT ADIRA DINAMIKA MULTI FINANCE Tbk
Laporan keuangan/
Financial statements
Pada tanggal 31 Desember 2025/
As of 31 December 2025
Untuk tahun yang berakhir pada tanggal tersebut
Beserta laporan auditor independen/
For the year then ended
With independent auditor’s report
* Tidak diaudit *U
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PT ADIRA DINAMIKA MULTI FINANCE Tbk
LAPORAN KEUANGAN FINANCIAL STATEMENTS
PADA TANGGAL 31 DESEMBER 2025 DAN 2024 AS OF 31 DECEMBER 2025 AND 2024
UNTUK TAHUN-TAHUN YANG BERAKHIR PADA FOR THE YEARS THEN ENDED
TANGGAL TERSEBUT BESERTA LAPORAN AUDITOR WITH INDEPENDENT AUDITOR’S REPORT
INDEPENDEN
Halaman/
Isi Page Contents
Surat Pernyataan Direksi Directors’ Statement
Laporan Auditor Independen Independent Auditor’s Report
Laporan Posisi Keuangan Statement of Financial Position
pada tanggal 31 Desember 2025 dan 2024.…… 1-2 ………………as of 31 December 2025 and 2024
Laporan Laba Rugi dan Statement of Profit or Loss and
Penghasilan Komprehensif Lain Other Comprehensive Income
untuk Tahun-Tahun Yang Berakhir for the Years Ended
31 Desember 2025 dan 2024...….…….……....... 3-4 ………...….……...31 December 2025 and 2024
Laporan Perubahan Ekuitas Statement of Changes In Equity
untuk Tahun-Tahun Yang Berakhir for the Years Ended
31 Desember 2025 dan 2024….......................... 5-6 ............................31 December 2025 and 2024
Laporan Arus Kas Statement of Cash Flows
untuk Tahun-Tahun Yang Berakhir for the Years Ended
31 Desember 2025 dan 2024……..…................. 7 ............................31 December 2025 and 2024
Catatan Atas Laporan Keuangan Notes to the Financial Statements
untuk Tahun-Tahun Yang Berakhir for the Years Ended
31 Desember 2025 dan 2024...……..….............. 8 - 157 ............................31 December 2025 and 2024
Informasi Keuangan Tambahan Supplementary Financial Information
31 Desember 2025 dan 2024 31 December 2025 and 2024
(Tidak diaudit)……………………………………… 158 - 159 .........................................................(Unaudited)
Unaudited * Tidak diaudit *Unaudited
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494 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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Liana Ramon Xenia & Rekan
Registered Public Accountants
License No. 432/KM.1/2024
The Plaza Office Tower 32nd Floor
Jl. M.H. Thamrin Kav 28-30
Jakarta 10350
Indonesia
Tel: +62 21 5081 8000
Fax: +62 21 2992 8300
Email: iddttl@deloitte.com
www.deloitte.com/id
Laporan Auditor Independen Independent Auditor’s Report
No. 00013/2.1460/AU.1/09/0849-4/1/II/2026 No. 00013/2.1460/AU.1/09/0849-4/1/II/2026
Pemegang Saham, Dewan Komisaris dan To the Shareholders, Boards of
Direksi Commissioners and Directors
PT Adira Dinamika Multi Finance Tbk PT Adira Dinamika Multi Finance Tbk
Opini Opinion
Kami telah mengaudit laporan keuangan We have audited the financial statements of
PT Adira Dinamika Multi Finance Tbk PT Adira Dinamika Multi Finance Tbk (the
(“Perseroan”), yang terdiri dari laporan posisi “Company”), which comprise the statement of
keuangan tanggal 31 Desember 2025, serta financial position as of 31 December 2025, and
laporan laba rugi dan penghasilan the statement of profit or loss and other
komprehensif lain, laporan perubahan ekuitas, comprehensive income, statement of changes
dan laporan arus kas untuk tahun yang in equity and statement of cash flows for the
berakhir pada tanggal tersebut, serta catatan year then ended, and notes to the financial
atas laporan keuangan, termasuk informasi statements, including material accounting
kebijakan akuntansi material. policy information.
Menurut opini kami, laporan keuangan In our opinion, the accompanying financial
terlampir menyajikan secara wajar, dalam statements present fairly, in all material
semua hal yang material, posisi keuangan respects, the financial position of the
Perseroan tanggal 31 Desember 2025, serta Company as of 31 December 2025, and its
kinerja keuangan dan arus kas untuk tahun financial performance and its cash flows for
yang berakhir pada tanggal tersebut, sesuai the year then ended in accordance with
dengan Standar Akuntansi Keuangan Indonesian Financial Accounting Standards.
Indonesia.
Liana Ramon Xenia & Rekan
Liana Ramon Xenia & Rekan (“LRX”) is a member (as such term is used in Regulation of the Ministry of Finance Number 186/PMK.01/2021 and Regulation of
the Financial Services Authority Number 9 of 2023 (the “Relevant Law”)) of Deloitte Southeast Asia Limited (“DSEAL”). DSEAL is the registered Foreign Audit
Organisation (“Organisasi Audit Asing” or “OAA”) to LRX for the purposes of the Relevant Law.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities (collectively,
the “Deloitte organization”). DTTL (also referred to as “Deloitte Global”) and each of its member firms and related entities are legally separate and
independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable
only for its own acts and omissions, and not those of each other. DTTL does not provide services to clients. Please see www.deloitte.com/about to
learn more.
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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. Tanggung jawab Indonesian Institute of Certified Public
kami menurut standar tersebut diuraikan lebih Accountants. Our responsibilities under those
lanjut dalam paragraf Tanggung Jawab Auditor standards are further described in
terhadap Audit atas Laporan Keuangan pada the Auditor’s Responsibilities for the Audit of
laporan kami. Kami independen terhadap the Financial Statements paragraph of our
Perseroan berdasarkan ketentuan etika yang report. We are independent of the Company in
relevan dalam audit kami atas laporan accordance with the ethical requirements that
keuangan di Indonesia, dan kami telah are relevant to our audit of the financial
memenuhi tanggung jawab etika lainnya statements in Indonesia, and we have fulfilled
berdasarkan ketentuan tersebut. Kami yakin our other ethical responsibilities in
bahwa bukti audit yang telah kami peroleh accordance with these requirements. We
adalah cukup dan tepat untuk menyediakan believe that the audit evidence we have
suatu basis bagi opini audit kami. obtained is sufficient and appropriate to
provide a basis for our opinion.
Hal Audit Utama Key Audit Matters
Hal audit utama adalah hal-hal yang, menurut Key audit matters are those matters that, in our
pertimbangan profesional kami, merupakan professional judgment, were of most
hal yang paling signifikan dalam audit kami significance in our audit of the financial
atas laporan keuangan periode kini. Hal-hal statements of the current period. These
tersebut disampaikan dalam konteks audit matters were addressed in the context of our
kami atas laporan keuangan secara audit of the financial statements as a whole,
keseluruhan, dan dalam merumuskan opini and in forming our opinion thereon, and we do
kami atas laporan keuangan terkait, kami tidak not provide a separate opinion on these
menyatakan suatu opini terpisah atas hal audit matters.
utama tersebut.
Berikut adalah uraian atas hal audit utama The following is the key audit matter that we
yang kami identifikasi dalam audit kami. identified in our audit.
Cadangan kerugian penurunan nilai atas Allowance for impairment losses on
piutang pembiayaan konsumen dan piutang consumer financing receivables and finance
sewa pembiayaan lease receivables
Mengacu pada Catatan 2h Informasi Kebijakan Refer to Note 2h Material Accounting Policy
Akuntansi Material – Cadangan Kerugian Information – Allowance for Impairment
Penurunan Nilai; Catatan 3a Penggunaan Losses; Note 3a Use of Estimates and
Estimasi dan Pertimbangan – Sumber Utama Judgments – Key Sources of Estimation
Ketidakpastian Estimasi: Cadangan Kerugian Uncertainty: Allowance for Impairment Losses
Penurunan Nilai Aset Keuangan; Catatan 5 on Financial Assets; Note 5 Consumer
Piutang Pembiayaan Konsumen; Catatan 8 Financing Receivables; Note 8 Finance Lease
Piutang Sewa Pembiayaan; dan Catatan 40 Receivables; and Note 40 Financial Risk
Manajemen Risiko Keuangan – Risiko Kredit. Management – Credit Risk.
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Pada tanggal 31 Desember 2025, Perseroan As of 31 December 2025, the Company
mencatat piutang pembiayaan konsumen dan recorded consumer financing receivables and
piutang sewa pembiayaan masing-masing finance lease receivables of Rp 27,142,831
sebesar Rp 27.142.831 juta dan Rp 1.802.343 million and Rp 1,802,343 million, respectively,
juta, dan cadangan kerugian penurunan nilai and the allowance for impairment losses
atas piutang pembiayaan konsumen dan against these consumer financing receivables
piutang sewa pembiayaan tersebut masing- and finance lease receivables amounted to
masing sebesar Rp 1.389.258 juta dan Rp 1,389,258 million and Rp 67,878 million,
Rp 67.878 juta. Perseroan menerapkan respectively. The Company applies PSAK 109
persyaratan PSAK 109 Instrumen Keuangan Financial Instruments requirements to
untuk menghitung kerugian kredit calculate the expected credit losses (“ECL”)
ekspektasian (“KKE”) untuk piutang for consumer financing receivables and
pembiayaan konsumen dan piutang sewa finance lease receivables.
pembiayaan.
Dalam menentukan KKE, Perseroan In determining the ECL, the Company utilizes
menggunakan metodologi permodelan yang modelling methodologies which are reliant on
bergantung kepada data internal and eksternal internal and external data as well as a number
serta sejumlah estimasi. Kami fokus pada area of estimates. We focused on this area due to
ini karena signifikansi nilai tercatat atas the significance of the carrying value of
piutang pembiayaan konsumen dan piutang consumer financing receivables and finance
sewa pembiayaan dan saldo KKE terkait yang lease receivables and the related ECL
dibentuk, yang mewakili 71% dari jumlah aset provided, which represented 71% of the total
Perseroan pada tanggal 31 Desember 2025, assets of the Company as of 31 December
khususnya pertimbangan subjektif yang 2025, specifically the subjective judgments
digunakan oleh manajemen dalam used by management in determining the
menentukan kebutuhan untuk, dan necessity for, and estimating the size of, ECL
mengestimasi besaran dari, KKE terhadap against these consumer financing receivables
piutang pembiayaan konsumen dan piutang and finance lease receivables. These includes:
sewa pembiayaan ini. Hal ini meliputi:
• ekspektasi faktor dan skenario ekonomi • expectations of forward-looking
makro masa depan; dan macroeconomic factors and scenarios;
and
• asumsi-asumsi model, termasuk • the model assumptions, including the
penyesuaian di luar model. post model adjustment.
Mengingat faktor-faktor tersebut, kami In view of these factors, we identified
mengidentifikasi cadangan kerugian allowance for impairment losses on consumer
penurunan nilai atas piutang pembiayaan financing receivables and finance lease
konsumen dan piutang sewa pembiayaan receivables as a key audit matter.
sebagai hal audit utama.
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Bagaimana audit kami merespon hal audit How our audit addressed the key audit
Utama matters
Kami memperoleh pemahaman tentang We obtained an understanding of the controls
pengendalian yang relevan terhadap audit relevant to our audit and assessed the design
kami dan menilai desain dan implementasi and implementation of the controls over the
dari pengendalian tersebut serta ECL for consumer financing receivables and
mengevaluasi efektivitas operasi dari finance lease receivables. These include:
pengendalian yang relevan terhadap KKE atas
piutang pembiayaan konsumen dan piutang
sewa pembiayaan. Hal ini meliputi:
• Identifikasi peningkatan risiko kredit yang • Identification of Significant Increase in
signifikan (“SICR”); Credit Risk (“SICR”);
• Peninjauan dan persetujuan atas informasi • Review and approval of forward-looking
masa depan yang digunakan dalam model information used in the ECL models;
KKE;
• Keandalan dan keakurasian atas elemen • Reliability and accuracy of critical data
data utama dalam model KKE; elements in the ECL models;
• Peninjauan dan persetujuan atas hasil KKE, • Review and approval of the ECL results,
termasuk penyesuaian di luar model yang including the post model adjustment which
diterapkan untuk menanggapi risiko yang were applied to respond to risks not fully
tidak sepenuhnya diakomodasi oleh accommodated by the models;
model;
• Pengujian (back-testing) kerugian aktual • Back-testing of actual losses against
terhadap kerugian yang diprediksi (jumlah predicted losses (ECL amount); and
KKE); dan
• Pengendalian umum dari teknologi • General IT controls over the ECL system, by
informasi (TI) atas sistem KKE, dengan involving our IT specialist.
melibatkan spesialis TI kami.
Kami mengadakan diskusi dengan Komite We held discussions with the Audit Committee
Audit yang mencakup tata kelola dan covering governance and controls over ECL,
pengendalian atas KKE, termasuk including management’s judgments and
pertimbangan dan asumsi manajemen yang assumptions involved in the ECL model, model
terlibat dalam model KKE, validasi dan validation and monitoring, as well as multiple
pemantauan model, serta beberapa skenario. scenarios.
Kami melibatkan spesialis kredit kami untuk We involved our credit specialists to assist us
membantu kami melakukan prosedur secara in performing the following procedures on a
sampel: sampling basis:
• Mengevaluasi kesesuaian penilaian kriteria • Evaluated the appropriateness of the
SICR dan tata kelola model; Company’s assessment of its SICR criteria
and model governance;
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• Menguji pendekatan Perseroan dalam • Challenged the Company’s approach for
pemilihan skenario ekonomi makro untuk the selection of macroeconomic scenarios
menilai kewajaran skenario ekonomi yang to assess the reasonableness of the
diterapkan oleh Perseroan; macroeconomic scenarios applied by the
Company;
• Menilai kewajaran pertimbangan dan • Assessed the reasonableness of key
asumsi utama yang dibuat oleh judgments and assumptions made by
manajemen dalam model dan parameter management in the probabilities of default
probabilities of default (PD) dan loss given (PD) and loss given default (LGD) models
default (LGD); and parameters;
• Menilai asumsi utama yang digunakan • Assessed the key assumptions used by
manajemen dalam melakukan management in the post model adjustment
penyesuaian di luar model yang diterapkan which were applied to respond to risks not
untuk menanggapi risiko yang tidak fully accommodated by the models; and
sepenuhnya diakomodasi oleh model; dan
• Melakukan validasi secara independen • Performed independent validation of the
atas model-model KKE dan peninjauan ECL models and review of model validation
hasil validasi model oleh manajemen. results by management.
Kami juga melakukan pengujian substantif: We also performed substantive testing:
• Mengevaluasi masukan dan asumsi • Evaluated relevant inputs and assumptions
relevan yang digunakan oleh Perseroan used by the Company in the ECL models on
dalam model KKE secara sampel; a sampling basis;
• Mengevaluasi masukan dan asumsi • Evaluated relevant inputs and assumptions
relevan yang digunakan oleh Perseroan used by the Company in the post model
dalam melakukan penyesuaian di luar adjustment;
model;
• Menghitung ulang KKE secara independen • Independently recalculated the ECL on a
dengan sampel. sampling basis.
Kami telah menilai ketepatan atas We have assessed the appropriateness of the
pengungkapan terkait yang dibuat dalam related disclosures made in the financial
laporan keuangan. statements.
Informasi Lain Other Information
Manajemen bertanggung jawab atas informasi Management is responsible for the other
lain. Informasi lain terdiri dari informasi yang information. The other information comprises
tercantum dalam laporan tahunan, tetapi tidak the information included in the annual report,
mencantumkan laporan keuangan dan laporan but does not include the financial statements
auditor kami. Laporan tahunan diharapkan and our auditor’s report thereon. The annual
akan tersedia bagi kami setelah tanggal report is expected to be made available to us
laporan auditor ini. after the date of this auditor’s report.
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Opini kami atas laporan keuangan tidak Our opinion on the financial statements does
mencakup informasi lain, dan oleh karena itu, not cover the other information and we will not
kami tidak akan menyatakan bentuk keyakinan express any form of assurance conclusion
apapun atas informasi lain tersebut. thereon.
Sehubungan dengan audit kami atas laporan In connection with our audit of the financial
keuangan, tanggung jawab kami adalah untuk statements, our responsibility is to read the
membaca informasi lain yang teridentifikasi di other information identified above when it
atas, jika tersedia dan, dalam becomes available and, in doing so, consider
melaksanakannya, mempertimbangkan whether the other information is materially
apakah informasi lain mengandung inconsistent with the financial statements or
ketidakkonsistensian material dengan laporan our knowledge obtained in the audit, or
keuangan atau pemahaman yang kami peroleh otherwise appears to be materially misstated.
selama audit, atau mengandung kesalahan
penyajian material.
Ketika kami membaca laporan tahunan, jika When we read the annual report, if we
kami menyimpulkan bahwa terdapat suatu conclude that there is a material misstatement
kesalahan penyajian material di dalamnya, therein, we are required to communicate the
kami diharuskan untuk mengomunikasikan hal matter to those charged with governance and
tersebut kepada pihak yang bertanggung jawab take appropriate actions in accordance with
atas tata kelola dan mengambil tindakan yang Standards on Auditing established by the
tepat sesuai dengan Standar Audit yang Indonesian Institute of Certified Public
ditetapkan oleh Institut Akuntan Publik Accountants.
Indonesia.
Tanggung Jawab Manajemen dan Pihak yang Responsibilities of Management and Those
Bertanggung Jawab atas Tata Kelola Charged with Governance for the Financial
terhadap Laporan Keuangan Statements
Manajemen bertanggung jawab atas Management is responsible for the preparation
penyusunan dan penyajian wajar laporan and fair presentation of the financial
keuangan tersebut sesuai dengan Standar statements in accordance with Indonesian
Akuntansi Keuangan Indonesia, dan atas Financial Accounting Standards, and for such
pengendalian internal yang dianggap perlu internal control as management determines is
oleh manajemen untuk memungkinkan necessary to enable the preparation of
penyusunan laporan keuangan yang bebas financial statements that are free from
dari kesalahan penyajian material, baik yang material misstatement, whether due to fraud
disebabkan oleh kecurangan maupun or error.
kesalahan.
Dalam penyusunan laporan keuangan, In preparing the financial statements,
manajemen bertanggung jawab untuk menilai management is responsible for assessing the
kemampuan Perseroan dalam Company’s ability to continue as a going
mempertahankan kelangsungan usahanya, concern, disclosing, as applicable, matters
mengungkapkan, sesuai dengan kondisinya, related to going concern and using the going
hal-hal yang berkaitan dengan kelangsungan concern basis of accounting unless
usaha, dan menggunakan basis akuntansi management either intends to liquidate the
kelangsungan usaha, kecuali manajemen Company or to cease operations, or has no
memiliki intensi untuk melikuidasi Perseroan realistic alternative but to do so.
atau menghentikan operasi, atau tidak
memiliki alternatif yang realistis selain
melaksanakannya.
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Pihak yang bertanggung jawab atas tata kelola Those charged with governance are
bertanggung jawab untuk mengawasi proses responsible for overseeing the Company’s
pelaporan keuangan Perseroan. financial reporting process.
Tanggung Jawab Auditor terhadap Audit atas Auditor’s Responsibilities for the Audit of
Laporan Keuangan the Financial Statements
Tujuan kami adalah untuk memperoleh Our objectives are to obtain reasonable
keyakinan memadai tentang apakah laporan assurance about whether the financial
keuangan secara keseluruhan bebas dari statements as a whole are free from material
kesalahan penyajian material, baik yang misstatement, whether due to fraud or error,
disebabkan oleh kecurangan maupun and to issue an auditor’s report that includes
kesalahan, dan untuk menerbitkan laporan our opinion. Reasonable assurance is a high
auditor yang mencakup opini kami. Keyakinan level of assurance, but is not a guarantee that
memadai merupakan suatu tingkat keyakinan an audit conducted in accordance with
tinggi, namun bukan merupakan suatu Standards on Auditing will always detect a
jaminan bahwa audit yang dilaksanakan material misstatement when it exists.
berdasarkan Standar Audit akan selalu Misstatements can arise from fraud or error
mendeteksi kesalahan penyajian material and are considered material if, individually or
ketika hal tersebut ada. Kesalahan penyajian in the aggregate, they could reasonably be
dapat disebabkan oleh kecurangan maupun expected to influence the economic decisions
kesalahan dan dianggap material jika, baik of users taken on the basis of these financial
secara individual maupun secara agregat, statements.
dapat diekspektasikan secara wajar akan
memengaruhi keputusan ekonomi yang
diambil oleh pengguna berdasarkan laporan
keuangan tersebut.
Sebagai bagian dari suatu audit berdasarkan As part of an audit in accordance with
Standar Audit, kami menerapkan Standards on Auditing, we exercise
pertimbangan profesional dan professional judgment and maintain
mempertahankan skeptisisme profesional professional skepticism throughout the audit.
selama audit. Kami juga: We also:
• Mengidentifikasi dan menilai risiko • Identify and assess the risks of material
kesalahan penyajian material dalam misstatement of the financial statements,
laporan keuangan, baik yang disebabkan whether due to fraud or error, design and
oleh kecurangan maupun kesalahan, perform audit procedures responsive to
mendesain dan melaksanakan prosedur those risks, and obtain audit evidence that
audit yang responsif terhadap risiko is sufficient and appropriate to provide a
tersebut, serta memperoleh bukti audit basis for our opinion. The risk of not
yang cukup dan tepat untuk menyediakan detecting a material misstatement
basis bagi opini kami. Risiko tidak resulting from fraud is higher than for one
terdeteksinya kesalahan penyajian resulting from error, as fraud may involve
material yang disebabkan oleh kecurangan collusion, forgery, intentional omissions,
lebih tinggi dari yang disebabkan oleh misrepresentations, or the override of
kesalahan, karena kecurangan dapat internal control.
melibatkan kolusi, pemalsuan,
penghilangan secara sengaja, pernyataan
salah, atau pengabaian pengendalian
internal.
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• Memperoleh 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 procedures that are appropriate in the
yang tepat sesuai kondisinya, tetapi bukan circumstances, but not for the purpose of
untuk tujuan menyatakan opini atas expressing an opinion on the effectiveness
keefektivitasan pengendalian internal of the Company’s internal control.
Perseroan.
• Mengevaluasi ketepatan kebijakan • Evaluate the appropriateness of
akuntansi yang digunakan serta kewajaran accounting policies used and the
estimasi akuntansi dan pengungkapan reasonableness of accounting estimates
terkait yang dibuat oleh manajemen. and related disclosures made by
management.
• Menyimpulkan ketepatan penggunaan • Conclude on the appropriateness of
basis akuntansi kelangsungan usaha oleh management's use of the going concern
manajemen dan, berdasarkan bukti audit basis of accounting and, based on the audit
yang diperoleh, apakah terdapat suatu evidence obtained, whether a material
ketidakpastian material yang terkait uncertainty exists related to events or
dengan peristiwa atau kondisi yang dapat conditions that may cast significant doubt
menyebabkan keraguan signifikan atas on the Company's ability to continue as a
kemampuan Perseroan untuk going concern. If we conclude that a
mempertahankan kelangsungan material uncertainty exists, we are required
usahanya. Ketika kami menyimpulkan to draw attention in our auditor's report to
bahwa terdapat suatu ketidakpastian the related disclosures in the financial
material, kami diharuskan untuk menarik statements or, if such disclosures are
perhatian dalam laporan auditor kami ke inadequate, to modify our opinion. Our
pengungkapan terkait dalam laporan conclusions are based on the audit
keuangan atau, jika pengungkapan evidence obtained up to the date of our
tersebut tidak memadai, harus auditor's report. However, future events or
menentukan apakah perlu untuk conditions may cause the Company to
memodifikasi opini kami. Kesimpulan kami cease to continue as a going concern.
didasarkan pada bukti audit yang diperoleh
hingga tanggal laporan auditor kami.
Namun, peristiwa atau kondisi masa depan
dapat menyebabkan Perseroan tidak dapat
mempertahankan kelangsungan usaha.
• Mengevaluasi penyajian, struktur, dan isi • Evaluate the overall presentation,
laporan keuangan secara keseluruhan, structure and content of the financial
termasuk pengungkapannya, dan apakah statements, including the disclosures, and
laporan keuangan mencerminkan whether the financial statements represent
transaksi dan peristiwa yang mendasarinya the underlying transactions and events in a
dengan suatu cara yang mencapai manner that achieves fair presentation.
penyajian wajar.
Kami mengomunikasikan kepada pihak yang We communicate with those charged with
bertanggung jawab atas tata kelola mengenai, governance regarding, among other matters,
antara lain, ruang lingkup dan saat yang the planned scope and timing of the audit and
direncanakan atas audit, serta temuan audit significant audit findings, including any
signifikan, termasuk setiap defisiensi significant deficiencies in internal control that
signifikan dalam pengendalian internal yang we identify during our audit.
teridentifikasi oleh kami selama audit.
502 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 505
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 503
Page 506
PT ADIRA DINAMIKA MULTI FINANCE Tbk
LAPORAN POSISI KEUANGAN STATEMENT OF FINANCIAL POSITION
31 Desember 2025 dan 2024 31 December 2025 and 2024
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2024
Catatan/ Disajikan kembali/
Notes- 2025 - Restated *)-
ASET ASSETS
2d,2e,2v,4,
Kas dan setara kas 40,41,43 Cash and cash equivalents
Kas 77.878 152.014 Cash on hand
Kas di bank Cash in banks
Pihak ketiga 176.714 849.959 Third parties
Pihak berelasi 2u,39 566.324 957.246 Related parties
Piutang pembiayaan konsumen - Consumer financing receivables -
setelah dikurangi cadangan net of allowance for
kerugian penurunan nilai sebesar 2d,2f,2g,2h, impairment losses of
Rp1.389.258 (2024: Rp1.458.878) 5,40,41 Rp1,389,258 (2024: Rp1,458,878)
Pihak ketiga 25.748.579 23.914.664 Third parties
Pihak berelasi 2u,39 4.994 6.972 Related parties
Piutang pembiayaan murabahah - Murabahah financing receivables -
setelah dikurangi cadangan net of allowance for
kerugian penurunan nilai sebesar 2d,2f,2g,2h, impairment losses of
Rp395.583 (2024: Rp403.056) 6,40,41 Rp395,583 (2024: Rp403,056)
Pihak ketiga 5.533.732 6.517.899 Third parties
Pihak berelasi 2u,39 1.657 785 Related parties
Piutang pembiayaan musyarakah Musyarakah mutanaqisah financing
mutanaqisah - setelah dikurangi cadangan receivables - net of allowance for
kerugian penurunan nilai sebesar 2d,2f,2h,7 impairment losses of
Rp82.263 (2024: Rp57.207) 40,41 743.479 1.151.408 Rp82,263 (2024: Rp57,207)
Piutang sewa pembiayaan - Finance lease receivables -
setelah dikurangi cadangan net of allowance for
kerugian penurunan nilai sebesar 2d,2f,2h,8, impairment losses of
Rp117.711 (2024: Rp74.454) 40,41 3.111.787 2.235.399 Rp117,711 (2024: Rp74,454)
Beban dibayar dimuka 2j,9 Prepaid expenses
Pihak ketiga 168.416 178.301 Third parties
Pihak berelasi 2u,39 51.805 44.187 Related party
Piutang lain-lain - neto 2d,10,40,41 Other receivables - net
Pihak ketiga 180.651 139.845 Third parties
Pihak berelasi 2u,39 56.465 54.239 Related parties
2d, 2i,11,
Aset derivatif 40,41 Derivative assets
Pihak ketiga 59.539 71.069 Third parties
Pihak berelasi 2u,39 857 - Related party
Pajak dibayar dimuka 22 70.878 73.809 Prepaid tax
Investasi dalam saham, 2d,2k,2u,12, Investment in shares,
pihak berelasi 39,40,41 420.717 396.870 related party
Aset tetap - setelah dikurangi Fixed assets - net of accumulated
akumulasi penyusutan sebesar depreciation of Rp777,848
Rp777.848 (2024: Rp885.904) 2l,13 461.209 463.934 (2024: Rp885,904)
Aset hak guna - setelah dikurangi Right-of-use assets - net of accumulated
akumulasi penyusutan sebesar depreciation of Rp291,148
Rp291.148 (2024: Rp275.334) 2w,14 248.394 294.738 (2024: Rp275,334)
Aset tak berwujud - setelah dikurangi Intangible assets - net of accumulated
akumulasi amortisasi sebesar amortisation of Rp604,012
Rp604.012 (2024: Rp540.169) 2m,15 334.387 345.323 (2024: Rp540,169)
Aset pajak tangguhan 2q,22 462.015 479.111 Deferred tax assets
Aset lain-lain 16 48.718 45.157 Other assets
TOTAL ASET 38.529.195
- 38.372.929
- TOTAL ASSETS
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
Catatan atas laporan keuangan terlampir merupakan bagian The accompanying notes to financial statements form an
yang tidak terpisahkan dari laporan keuangan secara integral part of these financial statements taken as a whole.
keseluruhan.
1
504 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 507
PT ADIRA DINAMIKA MULTI FINANCE Tbk
LAPORAN POSISI KEUANGAN STATEMENT OF FINANCIAL POSITION
31 Desember 2025 dan 2024 31 December 2025 and 2024
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2024
Catatan/ Disajikan kembali/
Notes- 2025 - Restated *)-
LIABILITAS LIABILITIES
2d,2v,17,40,
Pinjaman yang diterima 41,43 Borrowings
Pihak ketiga 4.554.416 6.772.108 Third parties
Pihak berelasi 2u,39 5.330.550 5.866.114 Related parties
Beban yang masih harus dibayar 2d,18,41 Accrued expenses
Pihak ketiga 678.487 592.274 Third parties
Pihak berelasi 2u,39 77.109 91.784 Related parties
2d,2p,19,
Utang obligasi - neto 40,41 Bonds payable - net
Pihak ketiga 8.412.975 6.191.030 Third parties
Pihak berelasi 2u,39 183.050 186.800 Related parties
Utang lain-lain 2d,20,40,41 Other payables
Pihak ketiga 445.710 689.460 Third parties
Pihak berelasi 2u,39 881.618 715.195 Related parties
Liabilitas sewa 2w,21 109.665 137.978 Lease liabilities
Utang pajak 2q,22 184.088 245.089 Taxes payable
2d,2i,11,
Liabilitas derivatif 40,41 Derivative liabilities
Pihak ketiga 16.035 75.416 Third parties
Pihak berelasi 2u,39 1.711 - Related parties
Liabilitas imbalan kerja 2o,38 979.493 1.032.320 Employement benefit liabilities
2d,2r,23,
Sukuk mudharabah 40,41 Mudharabah bonds
Pihak ketiga 1.613.850 1.198.330 Third parties
Pihak berelasi 2u,39 30.000 30.000 Related party
TOTAL LIABILITAS 23.498.757 23.823.898 TOTAL LIABILITIES
EKUITAS EQUITY
Share capital - par value Rp100
Modal saham - nilai nominal Rp100 (full amount) per share
(nilai penuh) per saham Authorized capital -
Modal dasar 4.000.000.000 saham 4,000,000,000 shares
Modal ditempatkan dan disetor Issued and fully paid -
penuh 1.235.803.109 saham 24 123.580 100.000 1,235,803,109 shares
(2024: 1.000.000.000 saham) (2024: 1,000,000,000 shares)
Saham treasuri 2t,24 (88.746) - Treasury shares
Tambahan modal disetor 25 2.847.942 6.750 Additional paid-in capital
Ekuitas merging entity - 2.993.287 Merging entity equity
Saldo laba 26 Retained earnings
Telah ditentukan penggunaannya 256.645 242.578 Appropriated
Belum ditentukan penggunaannya 11.913.471 11.208.198 Unappropriated
Perubahan nilai wajar atas investasi dalam Changes in fair value on investment
saham yang diukur pada nilai wajar in shares measured at fair value through
melalui penghasilan komprehensif lain 2k,12 29.765 9.588 other comprehensive income
Kerugian kumulatif atas instrumen derivatif Cumulative losses on derivative
untuk lindung nilai arus kas - neto 2i,11,27 (52.219) (11.370) instrument for cash flows hedges - net
EKUITAS - NETO 15.030.438 14.549.031 EQUITY - NET
TOTAL LIABILITAS DAN TOTAL LIABILITIES AND
EKUITAS 38.529.195
- 38.372.929
- EQUITY
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
Catatan atas laporan keuangan terlampir merupakan bagian The accompanying notes to financial statements form an
yang tidak terpisahkan dari laporan keuangan secara integral part of these financial statements taken as a whole.
keseluruhan.
2
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 505
Page 508
PT ADIRA DINAMIKA MULTI FINANCE Tbk
LAPORAN LABA RUGI DAN STATEMENT OF PROFIT OR LOSS AND
PENGHASILAN KOMPREHENSIF LAIN OTHER COMPREHENSIVE INCOME
Untuk Tahun-Tahun yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 31 December 2025 and 2024
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2024
Catatan/ Disajikan kembali/
Notes- 2025 - Restated *)-
PENDAPATAN INCOME
2f,2g,2n,
Pembiayaan konsumen 2u,29,39 7.557.015 7.155.547 Consumer financing
2f,2g,2n,2u
Marjin murabahah 30,39 1.710.232 1.938.892 Murabahah margin
Bagi hasil musyarakah mutanaqisah 2f,2n,31 394.321 350.110 Musyarakah mutanaqisah profit distribution
Sewa pembiayaan 2f,2n,32 421.506 266.455 Finance leases
2d,2f,2l,2n,
2u,2v,13,
Lain-lain 33,39 2.046.008 2.076.873 Others
TOTAL PENDAPATAN 12.129.082 11.787.877 TOTAL INCOME
BEBAN EXPENSES
Gaji dan tunjangan 2o,2u,34,39 (3.338.390) (2.908.028) Salaries and benefits
2n,2p,2u,17,
Beban bunga dan keuangan 19,35,39 (1.371.733) (1.422.426) Interest expense and financing charges
Penyisihan kerugian penurunan nilai 2h Provision for impairment losses
Pembiayaan konsumen 2u,5,39 (1.897.413) (1.946.862) Consumer financing
Pembiayaan murabahah 2u,6,39 (500.478) (561.408) Murabahah financing
Pembiayaan musyarakah mutanaqisah 7 (151.342) (56.056) Musyarakah mutanaqisah financing
Sewa pembiayaan 8 (99.021) (51.501) Finance leases
2l,2m,2u,2w,
Umum dan administrasi 36,39 (1.976.913) (1.773.850) General and administrative
Pemasaran (709.729) (671.991) Marketing
Bagi hasil sukuk mudharabah 2r,2u,23,39 (79.147) (92.771) Revenue sharing for mudharabah bonds
Lain-lain 37 (16.072) (16.612) Others
TOTAL BEBAN (10.140.238) (9.501.505) TOTAL EXPENSES
LABA SEBELUM BEBAN INCOME BEFORE INCOME
PAJAK PENGHASILAN 1.988.844 2.286.372 TAX EXPENSE
Beban pajak penghasilan 2q,22 (443.906) (475.571) Income tax expense
LABA TAHUN BERJALAN 1.544.938 1.810.801 NET INCOME FOR THE YEAR
PENGHASILAN KOMPREHENSIF LAIN OTHER COMPREHENSIVE INCOME
Pos yang tidak akan direklasifikasi Items that will not be reclassified
ke laba rugi to profit or loss
Perubahan nilai wajar atas investasi dalam Changes in fair value on investment
saham yang diukur pada nilai wajar in shares measured at fair value
melalui penghasilan komprehensif lain 2k,12 25.868 12.292 through other comprehensive income
Pengukuran kembali atas program Remeasurement of post-
imbalan pasca-kerja 2o,38 41.577 (9.941) employment benefit
Pajak penghasilan terkait Income tax relating to
penghasilan komprehensif lain yang other comprehensive income that
tidak akan direklasifikasi ke laba rugi 22 (13.912) (517) will not be reclassified to profit or loss
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
Catatan atas laporan keuangan terlampir merupakan bagian The accompanying notes to financial statements form an
yang tidak terpisahkan dari laporan keuangan secara integral part of these financial statements taken as a whole.
keseluruhan.
3
506 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 509
PT ADIRA DINAMIKA MULTI FINANCE Tbk
LAPORAN LABA RUGI DAN STATEMENT OF PROFIT OR LOSS AND
PENGHASILAN KOMPREHENSIF LAIN OTHER COMPREHENSIVE INCOME
Untuk Tahun-Tahun yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 31 December 2025 and 2024
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2024
Catatan/ Disajikan kembali/
Notes- 2025 - Restated *)-
Pos yang akan direklasifikasi Items that will be reclassified
ke laba rugi to profit or loss
Effective portion of the fair value change of
Bagian efektif atas perubahan nilai wajar the derivative instrument -
instrumen derivatif - lindung nilai arus kas 2i,11,27 (52.371) (13.618) cash flow hedge
Pajak penghasilan terkait Income tax relating to other
penghasilan komprehensif lain yang comprehensive income that will
akan direklasifikasi ke laba rugi 22 11.522 2.996 be reclassified to profit or loss
PENGHASILAN/(KERUGIAN) OTHER COMPREHENSIVE
KOMPREHENSIF LAIN - INCOME/(LOSS) -
SETELAH PAJAK 12.684 (8.788) NET OF TAX
TOTAL PENGHASILAN KOMPREHENSIF TOTAL COMPREHENSIVE INCOME
TAHUN BERJALAN 1.557.622
- 1.802.013
- FOR THE YEAR
LABA PER SAHAM - DASAR EARNINGS PER SHARE - BASIC
(dinyatakan dalam nilai Rupiah penuh) 2s,28 1.253
- 1.538
- (expressed in full amount of Rupiah)
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
Catatan atas laporan keuangan terlampir merupakan bagian The accompanying notes to financial statements form an
yang tidak terpisahkan dari laporan keuangan secara integral part of these financial statements taken as a whole.
keseluruhan.
4
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 507
Page 510
PT ADIRA DINAMIKA MULTI FINANCE Tbk
LAPORAN PERUBAHAN EKUITAS STATEMENT OF CHANGES IN EQUITY
Untuk Tahun-Tahun yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 31 December 2025 and 2024
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Perubahan nilai
wajar atas investasi
dalam saham yang
diukur pada nilai
Keuntungan/ wajar melalui
Kerugian kumulatif penghasilan
atas instrumen komprehensif lain/
derivatif untuk Changes in fair
Tambahan lindung nilai arus value on investment
modal Saldo laba/Retained earnings kas - neto/ in shares measured
Modal Saham disetor/ Belum Cumulative losses at fair value Ekuitas
saham/ treasuri/ Additional Telah ditentukan ditentukan on derivative through other merging entity/
Catatan/ Share Treasury paid-in penggunaannya/ penggunaannya/ instrument for cash comprehensive Merging entity Jumlah/
Notes capital shares capital Appropriated Unappropriated flow hedges - net income equity Total
100.000 - 6.750 242.578 11.208.198 (11.370) 9.588 2.993.287 14.549.031
508 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Saldo pada tanggal 1 Januari 2025 Balance as of 1 January 2025
Dividen kas 26 - - - - (703.000) - - (279.466) (982.466) Cash dividends
Pembelian saham treasuri 2t,24 - (88.469) - - - - - (5.280) (93.749) Purchase treasury shares
Penyisihan saldo laba untuk Appropriation of retained
cadangan umum 26 - - - 14.067 (14.067) - - - - earnings for general reserve
Laba tahun berjalan - - - - 1.394.244 - - 150.694 1.544.938 Net income for the year
Penghasilan/(kerugian) 2i,2k,12,27, Other comprehensive income/(losses)
komprehensif lain - setelah pajak 38 - - - - 28.096 (40.849) 20.177 5.260 12.684 - net of tax
Transaksi yang berhubungan dengan
penggabungan usaha PT Adira Dinamika Transactions related to the merger of
Multi Finance Tbk dan PT Adira Dinamika Multi Finance Tbk
PT Mandala Multifinance Tbk 25 23.580 (277) 2.841.192 - - - - (2.864.495) - and PT Mandala Multifinance Tbk
Saldo pada tanggal Balance as of
31 Desember 2025 123.580
- (88.746)
- 2.847.942
- 256.645
- 11.913.471
- (52.219)
- 29.765
- -- 15.030.438
- 31 Desember 2025
Catatan atas laporan keuangan terlampir merupakan bagian yang tidak terpisahkan dari The accompanying notes to financial statements form an integral part of these financial statements
laporan keuangan secara keseluruhan. taken as a whole.
5
Page 511
PT ADIRA DINAMIKA MULTI FINANCE Tbk
LAPORAN PERUBAHAN EKUITAS STATEMENT OF CHANGES IN EQUITY
Untuk Tahun-Tahun yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 31 December 2025 and 2024
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Perubahan nilai
wajar atas investasi
dalam saham yang
Keuntungan/ diukur pada nilai
(kerugian) kumulatif wajar melalui
atas instrumen penghasilan
derivatif untuk komprehensif lain/
lindung nilai arus Changes in fair
Tambahan kas - neto/ value on investment
modal Saldo laba/Retained earnings Cumulative gain/ in shares measured
Modal Saham disetor/ Belum (losses) at fair value Ekuitas
saham/ treasuri/ Additional Telah ditentukan ditentukan on derivative through other merging entity/
Catatan/ Share Treasury paid-in penggunaannya/ penggunaannya/ instrument for cash comprehensive Merging entity Jumlah/
Notes capital shares capital Appropriated Unappropriated flow hedges - net income equity Total
Saldo pada tanggal 1 Januari 2024 100.000 - 6.750 223.137 10.783.047 (748) - - 11.112.186 Balance as of 1 January 2024
Dampak dari bisnis kombinasi entitas Impact on business combination under
sepengendali - - - - - - - 2.606.832 2.606.832 common control
Dividen kas 26 - - - - (972.000) - - - (972.000) Cash dividends
Penyisihan saldo laba untuk Appropriation of retained
cadangan umum 26 - - - 19.441 (19.441) - - - - earnings for general reserve
Laba tahun berjalan - - - - 1.406.682 - - 404.119 1.810.801 Net income for the year
Penghasilan/(kerugian) 2i,2k,12 Other comprehensive income/(losses)
komprehensif lain - setelah pajak 27,38 - - - - 9.910 (10.622) 9.588 (17.664) (8.788) - net of tax
Saldo pada tanggal Balance as of
31 Desember 2024 31 December 2024
Disajikan kembali *) 100.000 - 6.750 242.578 11.208.198 (11.370) 9.588 2.993.287 14.549.031 Restated *)
- - - - - - - - -
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan usaha yang dijelaskan pada Catatan *) The comparative information has been restated as a result of the merger as discussed in Note 1d, Note 2y and Note
1d, Catatan 2y dan Catatan 52. 52.
Catatan atas laporan keuangan terlampir merupakan bagian yang tidak terpisahkan dari The accompanying notes to financial statements form an integral part of these financial
laporan keuangan secara keseluruhan. statements taken as a whole.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk
6
509
Page 512
PT ADIRA DINAMIKA MULTI FINANCE Tbk
LAPORAN ARUS KAS STATEMENT OF CASH FLOWS
Untuk Tahun-Tahun yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 31 December 2025 and 2024
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2024
Catatan/ Disajikan kembali/
Notes- 2025 - Restated *) -
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
OPERASI OPERATING ACTIVITIES
Penerimaan kas dari: Cash received from:
Transaksi pembiayaan 54.190.389 51.676.828 Financing transactions
Pembiayaan bersama 17.125.475 17.383.114 Joint financing
Bunga bank 38.567 78.681 Interest from banks
Pengeluaran kas untuk: Cash disbursements for:
Transaksi pembiayaan (43.822.398) (41.676.190) Financing transactions
Pokok pembiayaan bersama (15.242.847) (15.195.447) Principal on joint financing
Bunga pembiayaan bersama (3.336.230) (3.254.389) Interest on joint financing
Gaji dan tunjangan (3.312.249) (2.971.200) Salaries and benefits
Beban umum dan administrasi (1.922.428) (2.086.311) General and administrative expenses
Premi asuransi (1.603.581) (1.682.163) Insurance premiums
Beban bunga dan provisi bank (830.025) (949.092) Interest and bank provision expenses
Pajak penghasilan dan lainnya (824.479) (832.033) Income and other taxes
Beban bunga utang obligasi (464.268) (399.029) Interest on bonds payable
Bagi hasil sukuk mudharabah (74.868) (93.212) Revenue sharing for mudharabah bonds
Tantiem for Boards of
Tantiem Dewan Komisaris dan Direksi (22.858) (28.986) Commissioners and Directors
Beban bunga liabilitas sewa 45 (9.786) (11.212) Interest on lease liabilities
Penerimaan kas dari lain-lain - neto 565.265 318.191 Cash received from others - net
Kas neto diperoleh dari aktivitas operasi 453.679 277.550 Net cash provided from operating activities
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
INVESTASI INVESTING ACTIVITIES
Hasil penjualan aset tetap 13 11.962 26.350 Proceeds from sale of fixed assets
Penyesuaian nilai investasi dalam saham 12 2.021 1.782 Adjustment to value of investment in shares
Pembelian aset tak berwujud (155.019) (177.093) Acquisition of intangible assets
Pembelian aset tetap (95.845) (128.369) Acquisition of fixed assets
Penempatan investasi pada entitas asosiasi Placement in investment in associate
(sebelum penggabungan usaha) (378) (880.653) (before merger)
Kas neto digunakan untuk Net cash used in
aktivitas investasi (237.259) (1.157.983) investing activities
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
PENDANAAN FINANCING ACTIVITIES
Penerimaan pinjaman bank 45 10.524.775 17.471.024 Proceeds from borrowings
Penerimaan dari penerbitan obligasi 45 4.916.993 3.600.000 Proceeds from issuance of bonds
Penerimaan dari penerbitan sukuk mudharabah 45 1.000.000 400.000 Proceeds from issuance of mudharabah bonds
Pembayaran pinjaman bank 45 (13.382.267) (15.616.459) Payments of borrowings
Pembayaran pokok utang obligasi 45 (2.694.204) (3.606.140) Payments of principal on bonds payable
Pembayaran dividen kas 26 (982.466) (972.000) Payments of cash dividends
Pembayaran pokok sukuk mudharabah 45 (584.480) (727.170) Payments of principal on mudharabah bonds
Pembelian saham treasuri 2t (93.749) - Purchase treasury shares
Pembayaran pokok liabilitas sewa 45 (28.549) (20.037) Payments of principal on lease liabilities
Pembayaran biaya emisi obligasi 45 (17.082) (10.628) Payments of bonds issuance costs
Pembayaran biaya transaksi pinjaman bank 45 (8.816) (11.322) Payments of borrowings transaction costs
Pembayaran biaya emisi sukuk Payments of mudharabah bonds
mudharabah (3.859) (1.375) issuance costs
Pembayaran biaya transaksi pinjaman Payments of mudharabah loan
mudharabah (1.019) (500) transaction costs
Kas neto (digunakan untuk)/diperoleh dari Net cash (used in)/provided from
aktivitas pendanaan (1.354.723) 505.393 financing activities
NET DECREASE IN
PENURUNAN NETO KAS DAN SETARA KAS (1.138.303) (375.040) CASH AND CASH EQUIVALENTS
Efek merging entity - 898.768 Merging entity effect
CASH AND CASH EQUIVALENTS,
KAS DAN SETARA KAS, AWAL TAHUN 4 1.959.219 1.435.491 AT BEGINNING OF YEAR
CASH AND CASH EQUIVALENTS,
KAS DAN SETARA KAS, AKHIR TAHUN 4 820.916
- 1.959.219
- AT END OF YEAR
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger as
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. discussed in Note 1d, Note 2y and Note 52.
Catatan atas laporan keuangan terlampir merupakan bagian *Unaudited The accompanying notes to financial statements
yang tidak terpisahkan dari laporan keuangan secara form an integral part of these financial statements taken as a
keseluruhan. whole.
7
510 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 513
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. INFORMASI UMUM 1. GENERAL INFORMATION
a. Pendirian dan informasi umum Perseroan a. Establishment and general information of the
Company
PT Adira Dinamika Multi Finance Tbk (“Perseroan”) PT Adira Dinamika Multi Finance Tbk (the “Company”)
didirikan pada tanggal 13 November 1990 berdasarkan was established on 13 November 1990 based on Notarial
Akta Notaris Misahardi Wilamarta, S.H., No. 131. Akta Deed No. 131 of Misahardi Wilamarta, S.H. The Deed of
Pendirian ini telah disahkan oleh Menteri Kehakiman Establishment was approved by the Ministry of Justice of
Republik Indonesia dalam Surat Keputusan the Republic of Indonesia in its Decision Letter No. C2-
No. C2-19.HT.01.01.TH.91 tanggal 8 Januari 1991 dan 19.HT.01.01.TH.91 dated 8 January 1991 and was
telah diumumkan dalam Tambahan No. 421 pada Berita published in Supplement No. 421 to the State Gazette of
Negara Republik Indonesia No. 12 tanggal 8 Februari the Republic of Indonesia No. 12 dated 8 February 1991.
1991.
Anggaran Dasar Perseroan telah mengalami beberapa The Company’s Articles of Association have been
kali perubahan, perubahan terakhir dilakukan dengan amended several times, with the most recent
Akta No. 40 tanggal 15 Oktober 2021 dan Akta No.65 amendments effected by Deed No. 40 dated 15 October
tanggal 30 September 2025 yang dibuat di hadapan 2021 and Deed No. 65 dated 30 September 2025, both
Notaris Mala Mukti, S.H., L.L.M.. Perubahan ini diterima drawn up before Notary Mala Mukti, S.H., LL.M.. These
dan dicatat dalam Sistem Administrasi Badan Hukum amendments were received and recorded in the Legal
Kementerian Hukum (dahulu Kementerian Hukum dan Entity Administration System of the Ministry of Law
Hak Asasi Manusia) Republik Indonesia masing-masing (formerly Ministry of Law and Human Rights) of the
dalam Surat Penerimaan Pemberitahuan Perubahan Republic of Indonesia, as evidenced by the
Anggaran Dasar PT Adira Dinamika Multi Finance Tbk Acknowledgement Letters of Notification of Amendment
No. AHU-AH.01.03-0465665 tanggal 27 Oktober 2021 to the Articles of Association of PT Adira Dinamika Multi
dan No. AHU-AH.01.03-0239735 tanggal 1 Oktober Finance Tbk No. AHU-AH.01.03-0465665 dated
2025. 27 October 2021 and No. AHU-AH.01.03-0239735 dated
1 October 2025, respectively.
Perseroan memperoleh izin usaha sebagai perusahaan The Company obtained its license to operate as
pembiayaan dari Menteri Keuangan dalam Surat a financing company from the Ministry of Finance based
Keputusan No. 253/KMK.013/1991 tanggal 4 Maret on Decision Letter No. 253/KMK.013/1991 dated
1991. Berdasarkan Pasal 3 Anggaran Dasar Perseroan, 4 March 1991. As stated in Article 3 of the Company’s
ruang lingkup kegiatan Perseroan dalam bidang Articles of Association, the scope of the Company’s
pembiayaan dan pembiayaan syariah yang merupakan activities comprises of financing and sharia financing
Unit Usaha Syariah meliputi pembiayaan investasi, which is a Sharia Business Unit which include investment
pembiayaan modal kerja, pembiayaan multiguna, financing, working capital financing, multipurpose
kegiatan usaha pembiayaan lain berdasarkan financing, other financing business activities based on
persetujuan Otoritas Jasa Keuangan (OJK), sewa approval by Financial Service Authority (OJK), operating
operasi dan/atau kegiatan berbasis fee sepanjang tidak lease and/or fee-based activities to the extent consistent
bertentangan dengan peraturan perundang-undangan with legislation in the financial services sector, sell-buy
di sektor jasa keuangan, pembiayaan jual-beli, dan financing and service financing.
pembiayaan jasa.
Perseroan berdomisili di Millennium Centennial Center The Company's registered office is located at the 53rd-
Lantai 53-61, Jalan Jenderal Sudirman Kav. 25, Jakarta 61st Floor of Millennium Centennial Center, Jalan
Selatan dan Perseroan memiliki 877 jaringan usaha Jenderal Sudirman Kav. 25, South Jakarta and the
yang terdiri dari kantor cabang dan kantor perwakilan Company has 877 business networks which consist of
yang tersebar di seluruh wilayah Indonesia. Perseroan branch offices and representative office throughout
memulai operasi komersialnya pada tahun 1991. Indonesia. The Company started its commercial
operations in 1991.
PT Bank Danamon Indonesia Tbk adalah pemegang PT Bank Danamon Indonesia Tbk is the Company’s
saham pengendali Perseroan. MUFG Bank, Ltd. adalah controlling shareholder. MUFG Bank, Ltd. is the
pemegang saham pengendali dari PT Bank Danamon controlling shareholder of PT Bank Danamon Indonesia
Indonesia Tbk dengan kepemilikan saham secara Tbk with 92.47% direct and indirect share ownership.
langsung dan tidak langsung sebesar 92,47%. The ultimate controlling shareholder of the Company is
Pemegang saham pengendali akhir Perseroan adalah Mitsubishi UFJ Financial Group, Inc.
Mitsubishi UFJ Financial Group, Inc.
8
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 511
Page 514
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
b. Penawaran umum saham Perseroan b. Public offering of the Company’s shares
Pada tanggal 23 Maret 2004, Perseroan menerima Surat On 23 March 2004, the Company received Effective
Pemberitahuan Efektif No. S-657/PM/2004 dari Badan Letter No. S-657/PM/2004 from Capital Market and
Pengawas Pasar Modal dan Lembaga Keuangan Financial Institution Supervisory Board (“Bapepam - LK”),
(“Bapepam - LK”) sehubungan dengan Penawaran in conjunction with Initial Public Offering (IPO) of
Umum Perdana atas 100.000.000 saham dengan nilai 100,000,000 shares with par value of Rp100 (full amount)
nominal Rp100 (nilai penuh) per saham dengan harga per share with offering value of Rp2,325 (full amount) per
penawaran sebesar Rp2.325 (nilai penuh) per saham. share. These shares were all listed on the Jakarta Stock
Seluruh saham ini telah tercatat di Bursa Efek Jakarta Exchange and Surabaya Stock Exchange on 31 March
dan Bursa Efek Surabaya pada tanggal 31 Maret 2004. 2004.
Pada tanggal 30 November 2007, Bursa Efek Jakarta On 30 November 2007, the Jakarta Stock Exchange and
dan Bursa Efek Surabaya telah bergabung menjadi Surabaya Stock Exchange have merged into Indonesia
Bursa Efek Indonesia. Stock Exchange.
Seluruh saham yang ditawarkan melalui Penawaran All shares offered through this IPO were divestment
Umum Perdana ini merupakan saham divestasi milik shares owned by the founding shareholders. Therefore,
pemegang saham pendiri. Dengan demikian, Perseroan the Company did not receive any funds from sale of
tidak menerima dana hasil penjualan saham. shares.
Terhitung mulai tanggal 1 Oktober 2025, Perseroan Starting from 1 October 2025, the Company as the
sebagai entitas penerima penggabungan dan PT surviving entity and PT Mandala Multifinance Tbk
Mandala Multifinance Tbk (“MFIN”) (sebagai entitas yang (“MFIN”) (as the merging entity) have effectively merged
menggabungkan diri) telah efektif bergabung as specified in Deed Number 65 dated 30 September
sebagaimana dimuat dalam Akta Nomor 65 tanggal 30 2025 drawn up before Mala Mukti, S.H., L.L.M., Notary in
September 2025 yang dibuat di hadapan Mala Mukti, Jakarta, whereby such merger had previously received
S.H., L.L.M., Notaris di Jakarta. Penggabungan ini juga approval from the Financial Services Authority (OJK) for
telah mendapat persetujuan dari Otoritas Jasa the Non-Bank Financial Industry through letter No. S-
Keuangan (OJK) Industri Keuangan Non-Bank melalui 19/D.06/2025 dated 30 June 2025 concerning the
surat No. S-19/D.06/2025 tanggal 30 Juni 2025 tentang Approval of the Merger Plan between PT Adira Dinamika
Persetujuan Rencana Penggabungan PT Adira Multi Finance Tbk and PT Mandala Multifinance Tbk, and
Dinamika Multi Finance Tbk dengan PT Mandala was subsequently approved by the Minister of Law of the
Multifinance Tbk. Selanjutnya telah diperoleh Republic of Indonesia (“MOL”) through MOL Letter No.
persetujuan dari Menteri Hukum Republik Indonesia AHU-AH.01.09-0344609 dated 1 October 2025 regarding
(“Menhum”) melalui Surat Menhum No. AHU-AH.01.09- the Receipt of Notification of the Merger of PT Adira
0344609 tanggal 1 Oktober 2025 perihal Penerimaan Dinamika Multi Finance Tbk and MOL Letter No. AHU-
Pemberitahuan Penggabungan PT Adira Dinamika Multi AH.01.03-0239735 dated 1 October 2025 regarding the
Finance Tbk. Penggabungan efektif pada 1 Oktober Receipt of Notification on the Amendment of the
2025 dan Surat Menhum No. AHU-AH.01.03-0239735 Company's Articles of Association.
tanggal 1 Oktober 2025 tentang Penerimaan
Pemberitahuan atas Perubahan Anggaran Dasar
Perseroan.
Sehubungan dengan penggabungan usaha tersebut, In relation to the merger, the Company has converted
Perseroan melakukan konversi saham MFIN melalui MFIN’s shares through issuance of 235,803,109 shares,
penerbitan sejumlah 235.803.109 lembar saham, so the issued and fully paid capital increased by
sehingga jumlah modal ditempatkan dan disetor penuh Rp23,580.
meningkat sebesar Rp23.580.
c. Penawaran umum efek utang Perseroan c. Public offering of the Company’s debt securities
Sejak tahun 2003, Perseroan telah beberapa kali Since 2003, the Company has issued debt securities to
menerbitkan efek utang yang ditawarkan kepada the public through the Indonesian capital market.
masyarakat melalui pasar modal di Indonesia.
Obligasi yang telah diterbitkan oleh Perseroan dan masih The bonds have been issued by the Company and are
terutang pada tanggal 31 Desember 2025 dan 2024 still outstanding as of 31 December 2025 and 2024 are
adalah sebagai berikut: as follows:
Tanggal Skedul
pernyataan pembayaran
efektif/ bunga/
Effective Interest
Efek utang/ notification Nomor surat/ Jumlah/ Wali amanat/ payment
Debt securities date Letter number Amount The trustee schedule
Obligasi Berkelanjutan V Adira Finance Tahap
III Tahun 2022/Adira Finance Continuing
Bonds V Phase III Year 2022 (Obligasi
Berkelanjutan V Tahap III/Continuing Bonds 30 Juni/ PT Bank Negara Triwulan/
V Phase III) June 2020 No. S-182/D.04/2020 1.700.000 Indonesia (Persero) Tbk Quarterly
9
512 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 515
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
c. Penawaran umum efek utang Perseroan (lanjutan) c. Public offering of the Company’s debt securities
(continued)
Obligasi yang telah diterbitkan oleh Perseroan dan masih The bonds have been issued by the Company and are
terutang pada tanggal 31 Desember 2025 dan 2024 still outstanding as of 31 December 2025 and 2024 are
adalah sebagai berikut: (lanjutan) as follows: (continued)
Tanggal Skedul
pernyataan pembayaran
efektif/ bunga/
Effective Interest
Efek utang/ notification Nomor surat/ Jumlah/ Wali amanat/ payment
Debt securities date Letter number Amount The trustee schedule
Obligasi Berkelanjutan VI Adira Finance Tahap
I Tahun 2023/Adira Finance Continuing
Bonds VI Phase I Year 2023 (Obligasi
Berkelanjutan VI Tahap I/Continuing Bonds 27 Juni/ PT Bank Negara Triwulan/
VI Phase I) June 2023 No. S-164/D.04/2023 1.700.000 Indonesia (Persero) Tbk Quarterly
Obligasi Berkelanjutan VI Adira Finance Tahap
II Tahun 2023/Adira Finance Continuing
Bonds VI Phase II Year 2023 (Obligasi
Berkelanjutan VI Tahap II/Continuing Bonds 27 Juni/ PT Bank Negara Triwulan/
VI Phase II) June 2023 No. S-164/D.04/2023 1.250.000 Indonesia (Persero) Tbk Quarterly
Obligasi Berkelanjutan VI Adira Finance Tahap
III Tahun 2024/Adira Finance Continuing
Bonds VI Phase III Year 2024 (Obligasi
Berkelanjutan VI Tahap III/Continuing Bonds 27 Juni/ PT Bank Negara Triwulan/
VI Phase III) June 2023 No. S-164/D.04/2023 1.600.000 Indonesia (Persero) Tbk Quarterly
Obligasi Berkelanjutan VI Adira Finance Tahap
IV Tahun 2024/Adira Finance Continuing
Bonds VI Phase IV Year 2024 (Obligasi
Berkelanjutan VI Tahap IV/Continuing Bonds 27 Juni/ PT Bank Negara Triwulan/
VI Phase IV) June 2023 No. S-164/D.04/2023 2.000.000 Indonesia (Persero) Tbk Quarterly
Obligasi Berkelanjutan VI Adira Finance Tahap
V Tahun 2025/Adira Finance Continuing
Bonds VI Phase V Year 2025 (Obligasi
Berkelanjutan VI Tahap V/Continuing Bonds 27 Juni/ PT Bank Negara Triwulan/
VI Phase V) June 2023 No. S-164/D.04/2023 2.066.993 Indonesia (Persero) Tbk Quarterly
Obligasi Berkelanjutan VII Adira Finance
Tahap I Tahun 2025/Adira Finance
Continuing Bonds VII Phase I Year 2025
(Obligasi Berkelanjutan VII Tahap I/ 26 Juni/ PT Bank Negara Triwulan/
Continuing Bonds VII Phase I) June 2025 No. S-62/D.04/2025 1.200.000 Indonesia (Persero) Tbk Quarterly
Obligasi Berkelanjutan VII Adira Finance
Tahap II Tahun 2025/Adira Finance
Continuing Bonds VII Phase II Year 2025
(Obligasi Berkelanjutan VII Tahap II/ 26 Juni/ PT Bank Negara Triwulan/
Continuing Bonds VII Phase II) June 2025 No. S-62/D.04/2025 1.650.000 Indonesia (Persero) Tbk Quarterly
Sukuk mudharabah yang telah diterbitkan oleh The mudharabah bonds have been issued by the
Perseroan dan masih terutang pada tanggal Company and are still outstanding as of 31 December
31 Desember 2025 dan 2024 adalah sebagai berikut: 2025 and 2024 are as follows:
Skedul
Tanggal pembayaran
pernyataan bagi hasil/
efektif/ Revenue
Effective sharing
Sukuk mudharabah/ notification Nomor surat/ Jumlah/ Wali amanat/ payment
Mudharabah bonds date Letter number Amount The trustee schedule
Sukuk Mudharabah Berkelanjutan IV Adira
Finance Tahap III Tahun 2022/Adira Finance
Continuing Mudharabah Bonds IV Phase III
Year 2022 (Sukuk Mudharabah
Berkelanjutan IV Tahap III/Continuing 30 Juni/ PT Bank Negara Triwulan/
Mudharabah Bonds IV Phase III) June 2020 No. S-182/D.04/2020 300.000 Indonesia (Persero) Tbk Quarterly
10
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 513
Page 516
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
c. Penawaran umum efek utang Perseroan (lanjutan) c. Public offering of the Company’s debt securities
(continued)
Sukuk mudharabah yang telah diterbitkan oleh The mudharabah bonds have been issued by the
Perseroan dan masih terutang pada tanggal Company and are still outstanding as of 31 December
31 Desember 2025 dan 2024 adalah sebagai berikut: 2025 and 2024 are as follows: (lanjutan)
(lanjutan)
Skedul
Tanggal pembayaran
pernyataan bagi hasil/
efektif/ Revenue
Effective sharing
Sukuk mudharabah/ notification Nomor surat/ Jumlah/ Wali amanat/ payment
Mudharabah bonds date Letter number Amount The trustee schedule
Sukuk Mudharabah Berkelanjutan V Adira
Finance Tahap I Tahun 2023/Adira Finance
Continuing Mudharabah Bonds V Phase I
Year 2023 (Sukuk Mudharabah
Berkelanjutan V Tahap I/Continuing 27 Juni/ PT Bank Negara Triwulan/
Mudharabah Bonds V Phase I) June 2023 No. S-164/D.04/2023 300.000 Indonesia (Persero) Tbk Quarterly
Sukuk Mudharabah Berkelanjutan V Adira
Finance Tahap II Tahun 2023/Adira Finance
Continuing Mudharabah Bonds V Phase II
Year 2023 (Sukuk Mudharabah
Berkelanjutan V Tahap II/Continuing 27 Juni/ PT Bank Negara Triwulan/
Mudharabah Bonds V Phase II) June 2023 No. S-164/D.04/2023 300.000 Indonesia (Persero) Tbk Quarterly
Sukuk Mudharabah Berkelanjutan V Adira
Finance Tahap III Tahun 2024/Adira
Finance Continuing Mudharabah Bonds V
Phase III Year 2024 (Sukuk Mudharabah
Berkelanjutan V Tahap III/Continuing 27 Juni/ PT Bank Negara Triwulan/
Mudharabah Bonds V Phase III) June 2023 No. S-164/D.04/2023 400.000 Indonesia (Persero) Tbk Quarterly
Sukuk Mudharabah Berkelanjutan VI Adira
Finance Tahap I Tahun 2025/Adira Finance
Continuing Mudharabah Bonds VI Phase I
Year 2025 (Sukuk Mudharabah
Berkelanjutan VI Tahap I/Continuing 26 Juni/ PT Bank Negara Triwulan/
Mudharabah Bonds VI Phase I) June 2025 No. S-62/D.04/2025 300.000 Indonesia (Persero) Tbk Quarterly
Sukuk Mudharabah Berkelanjutan VI Adira
Finance Tahap II Tahun 2025/Adira Finance
Continuing Mudharabah Bonds VI Phase II
Year 2025 (Sukuk Mudharabah
Berkelanjutan VI Tahap II/Continuing 26 Juni/ PT Bank Negara Triwulan/
Mudharabah Bonds VI Phase II) June 2025 No. S-62/D.04/2025 700.000 Indonesia (Persero) Tbk Quarterly
Sukuk mudharabah yang telah diterbitkan oleh MFIN The mudharabah bonds that have been issued by MFIN
dan dialihkan kepada Perseroan sebagai akibat dari and transferred to the Company as a result of the merger,
penggabungan usaha, dan masih terutang pada tanggal and are still outstanding as of 31 December 2025 and 31
31 Desember 2025 dan 31 Desember 2024 adalah December 2024 are as follows:
sebagai berikut:
Skedul
Tanggal pembayaran
pernyataan bagi hasil/
efektif/ Revenue
Effective sharing
Sukuk mudharabah/ notification Nomor surat/ Jumlah/ Wali amanat/ payment
Mudharabah bonds date Letter number Amount The trustee schedule
Sukuk Mudharabah Berkelanjutan I Mandala
Multifinance Tahap II/Shelf Registration
Mudharabah Bonds I Mandala Multifinance Phase
II (Sukuk Mudharabah Berkelanjutan I Tahap 7 Juli/ PT Bank Rakyat Indonesia Triwulan/
II/Continuing Mudharabah Bonds I Phase II) July 2022 No. S-87/D.04/2021 650.000 (Persero) Tbk Quarterly
Sukuk Mudharabah Berkelanjutan I Mandala
Multifinance Tahap III/Shelf Registration
Mudharabah Bonds I Mandala Multifinance Phase
III (Sukuk Mudharabah Berkelanjutan I Tahap 22 Juni/ PT Bank Rakyat Indonesia Triwulan/
III/Continuing Mudharabah Bonds I Phase III) June 2023 No. S-87/D.04/2021 500.000 (Persero) Tbk Quarterly
11
514 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 517
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
c. Penawaran umum efek utang Perseroan (lanjutan) c. Public offering of the Company’s debt securities
(continued)
Rincian tingkat bunga dan jatuh tempo masing-masing Details of interest rates and due date of each serial of
seri efek utang yang diterbitkan: debt securities issued are as follows:
Tahun Tingkat bunga
penerbitan/ tetap/
Efek utang/ Year of Nilai nominal/ Fixed interest Jatuh tempo/ Cicilan pokok efek utang/
Debt securities issuance _ Nominal value _ rate Due date Debt securities installment
Obligasi Berkelanjutan
V Tahap III/
Continuing Bonds V
Phase III
2 April/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2022 620.000 3,50% April 2023 tempo/Bullet payment on due date
22 Maret/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2022 830.000 5,60% March 2025 tempo/Bullet payment on due date
22 Maret/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2022 250.000 6,25% March 2027 tempo/Bullet payment on due date
Obligasi Berkelanjutan
VI Tahap I/
Continuing Bonds VI
Phase I
17 Juli/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2023 405.000 5,50% July 2024 tempo/Bullet payment on due date
7 Juli/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2023 410.000 6,00% July 2026 tempo/Bullet payment on due date
7 Juli/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2023 885.000 6,25% July 2028 tempo/Bullet payment on due date
Obligasi Berkelanjutan
VI Tahap II/
Continuing Bonds VI
Phase II
19 November/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2023 834.390 6,15% November 2024 tempo/Bullet payment on due date
9 November/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2023 385.235 6,50% November 2026 tempo/Bullet payment on due date
9 November/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2023 30.375 6,55% November 2028 tempo/Bullet payment on due date
Obligasi Berkelanjutan
VI Tahap III/
Continuing Bonds VI
Phase III
13 Mei/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2024 1.079.204 6,40% May 2025 tempo/Bullet payment on due date
3 Mei/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2024 391.461 6,55% May 2027 tempo/Bullet payment on due date
3 Mei/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2024 129.335 6,65% May 2029 tempo/Bullet payment on due date
Obligasi Berkelanjutan
VI Tahap IV/
Continuing Bonds VI
Phase IV
20 Oktober/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2024 785.000 6,45% October 2025 tempo/Bullet payment on due date
10 Oktober/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2024 815.000 6,70% October 2027 tempo/Bullet payment on due date
10 Oktober/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2024 400.000 6,80% October 2029 tempo/Bullet payment on due date
Obligasi Berkelanjutan
VI Tahap V/
Continuing Bonds VI
Phase V
24 Februari/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2025 997.102 6,75% February 2026 tempo/Bullet payment on due date
14 Februari/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2025 856.076 6,95% February 2028 tempo/Bullet payment on due date
14 Februari/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2025 213.815 7,05% February 2030 tempo/Bullet payment on due date
12
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 515
Page 518
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
c. Penawaran umum efek utang Perseroan (lanjutan) c. Public offering of the Company’s debt securities
(continued)
Rincian tingkat bunga dan jatuh tempo masing-masing Details of interest rates and due date of each serial of
seri efek utang yang diterbitkan: (lanjutan) debt securities issued are as follows: (continued)
Tahun Tingkat bunga
penerbitan/ tetap/
Efek utang/ Year of Nilai nominal/ Fixed interest Jatuh tempo/ Cicilan pokok efek utang/
Debt securities issuance _ Nominal value _ rate Due date Debt securities installment
Obligasi Berkelanjutan
VII Tahap I/
Continuing Bonds VII
Phase I
18 Juli/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2025 724.645 6,20% July 2026 tempo/Bullet payment on due date
8 Juli/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2025 235.355 6,60% July 2028 tempo/Bullet payment on due date
8 Juli/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2025 240.000 6,70% July 2030 tempo/Bullet payment on due date
Obligasi Berkelanjutan
VII Tahap II/
Continuing Bonds VII
Phase II
31 Oktober/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2025 900.000 5,50% October 2026 tempo/Bullet payment on due date
21 Oktober/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2025 750.000 5,65% October 2028 tempo/Bullet payment on due date
Rincian nisbah bagi hasil dan jatuh tempo masing- Details of revenue sharing ratio and due date of each
masing seri sukuk mudharabah yang diterbitkan adalah serial of mudharabah bonds issued are as follows:
sebagai berikut:
Tahun
penerbitan/ Nisbah bagi hasil/
Sukuk mudharabah/ Year of Nilai nominal/ Revenue sharing Jatuh tempo/ Cicilan pokok sukuk mudharabah/
Mudharabah bonds issuance Nominal value ratio Due date Mudharabah bonds installment .
Sukuk Mudharabah
Berkelanjutan IV Tahap
III/Continuing
Mudharabah Bonds IV
Phase III
29,17% (setara
dengan 3,50%
per tahun/
equivalent to 2 April/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2022 153.000 3.50% per year) April 2023 tempo/Bullet payment on due date
46,67% (setara
dengan 5,60%
per tahun/
equivalent to 22 Maret/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2022 49.000 5.60% per year) March 2025 tempo/Bullet payment on due date
52,08% (setara
dengan 6,25%
per tahun/
equivalent to 22 Maret/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2022 98.000 6.25% per year) March 2027 tempo/Bullet payment on due date
Sukuk Mudharabah
Berkelanjutan I Tahap
II/Continuing
Mudharabah Bonds I
Phase II
26,67% (setara
dengan 8,00%
per tahun/
equivalent to 13 Juli/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2022 453.500 8.00% per year) July 2023 tempo/Bullet payment on due date
13
516 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 519
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
c. Penawaran umum efek utang Perseroan (lanjutan) c. Public offering of the Company’s debt securities
(continued)
Rincian nisbah bagi hasil dan jatuh tempo masing- Details of revenue sharing ratio and due date of each
masing seri sukuk mudharabah yang diterbitkan adalah serial of mudharabah bonds issued are as follows:
sebagai berikut: (lanjutan) (continued)
Tahun
penerbitan/ Nisbah bagi hasil/
Sukuk mudharabah/ Year of Nilai nominal/ Revenue sharing Jatuh tempo/ Cicilan pokok sukuk mudharabah/
Mudharabah bonds issuance Nominal value ratio Due date Mudharabah bonds installment .
Sukuk Mudharabah
Berkelanjutan I Tahap
II/Continuing
Mudharabah Bonds I
Phase II
(lanjutan/continued)
30,00% (setara
dengan 9,00%
per tahun/
equivalent to 6 Juli/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2022 196.500 9.00% per year) July 2025 tempo/Bullet payment on due date
Sukuk Mudharabah
Berkelanjutan I Tahap
III/Continuing
Mudharabah Bonds I
Phase III
22,58% (setara
dengan 7,00%
per tahun/
equivalent to 29 Juni/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2023 300.000 7.00% per year) June 2024 tempo/Bullet payment on due date
27,42% (setara
dengan 8,50%
per tahun/
equivalent to 22 Juni/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2023 200.000 8.50% per year) June 2026 tempo/Bullet payment on due date
Sukuk Mudharabah
Berkelanjutan V Tahap
I/Continuing Mudharabah
Bonds V Phase I
45,83% (setara
dengan 5,50%
per tahun/
equivalent to 17 Juli/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2023 64.000 5.50% per year) July 2024 tempo/Bullet payment on due date
50,00% (setara
dengan 6,00%
per tahun/
equivalent to 7 Juli/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2023 141.000 6.00% per year) July 2026 tempo/Bullet payment on due date
52,08% (setara
dengan 6,25%
per tahun/
equivalent to 7 Juli/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2023 95.000 6.25% per year) July 2028 tempo/Bullet payment on due date
Sukuk Mudharabah
Berkelanjutan V Tahap
II/Continuing
Mudharabah Bonds V
Phase II
51,25% (setara
dengan 6,15%
per tahun/ 19 November/
equivalent to November Pembayaran penuh pada saat jatuh
Seri A/Serial A 2023 251.170 6.15% per year) 2024 tempo/Bullet payment on due date
14
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 517
Page 520
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
c. Penawaran umum efek utang Perseroan (lanjutan) c. Public offering of the Company’s debt securities
(continued)
Rincian nisbah bagi hasil dan jatuh tempo masing- Details of revenue sharing ratio and due date of each
masing seri sukuk mudharabah yang diterbitkan adalah serial of mudharabah bonds issued are as follows:
sebagai berikut: (lanjutan) (continued)
Tahun
penerbitan/ Nisbah bagi hasil/
Sukuk mudharabah/ Year of Nilai nominal/ Revenue sharing Jatuh tempo/ Cicilan pokok sukuk mudharabah/
Mudharabah bonds issuance Nominal value ratio Due date Mudharabah bonds installment .
Sukuk Mudharabah
Berkelanjutan V Tahap
II/Continuing
Mudharabah Bonds V
Phase II
(lanjutan/continued)
54,17% (setara
dengan 6,50%
per tahun/ 9 November/
equivalent to November Pembayaran penuh pada saat jatuh
Seri B/Serial B 2023 48.730 6.50% per year) 2026 tempo/Bullet payment on due date
54,58% (setara
dengan 6,55%
per tahun/ 9 November/
equivalent to November Pembayaran penuh pada saat jatuh
Seri C/Serial C 2023 100 6.55% per year) 2028 tempo/Bullet payment on due date
Sukuk Mudharabah
Berkelanjutan V Tahap
III/Continuing
Mudharabah Bonds V
Phase III
53,33% (setara
dengan 6,40%
per tahun/
equivalent to 13 Mei/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2024 338.980 6.40% per year) May 2025 tempo/Bullet payment on due date
54,58% (setara
dengan 6,55%
per tahun/
equivalent to 3 Mei/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2024 39.005 6.55% per year) May 2027 tempo/Bullet payment on due date
55,42% (setara
dengan 6,65%
per tahun/
equivalent to 3 Mei/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2024 22.015 6.65% per year) May 2029 tempo/Bullet payment on due date
Sukuk Mudharabah
Berkelanjutan VI Tahap
I/Continuing Mudharabah
Bonds VI Phase I
51,67% (setara
dengan 6,20%
per tahun/
equivalent to 18 Juli/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2025 205.959 6.20% per year) July 2026 tempo/Bullet payment on due date
55,00% (setara
dengan 6,60%
per tahun/
equivalent to 8 Juli/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2025 60.011 6.60% per year) July 2028 tempo/Bullet payment on due date
55,83% (setara
dengan 6,70%
per tahun/
equivalent to 8 Juli/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2025 34.030 6.70% per year) July 2030 tempo/Bullet payment on due date
15
518 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 521
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
c. Penawaran umum efek utang Perseroan (lanjutan) c. Public offering of the Company’s debt securities
(continued)
Rincian nisbah bagi hasil dan jatuh tempo masing- Details of revenue sharing ratio and due date of each
masing seri sukuk mudharabah yang diterbitkan adalah serial of mudharabah bonds issued are as follows:
sebagai berikut: (lanjutan) (continued)
Tahun
penerbitan/ Nisbah bagi hasil/
Sukuk mudharabah/ Year of Nilai nominal/ Revenue sharing Jatuh tempo/ Cicilan pokok sukuk mudharabah/
Mudharabah bonds issuance Nominal value ratio Due date Mudharabah bonds installment .
Sukuk Mudharabah
Berkelanjutan VI Tahap
II/Continuing
Mudharabah Bonds VI
Phase II
45,83% (setara
dengan 5,50%
per tahun/
equivalent to 31 Oktober/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2025 400.000 5.50% per year) October 2026 tempo/Bullet payment on due date
47,08% (setara
dengan 5,65%
per tahun/
equivalent to 21 Oktober/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2025 300.000 5.65% per year) October 2028 tempo/Bullet payment on due date
Perseroan menerbitkan obligasi dan sukuk mudharabah The Company issued bonds and mudharabah bonds for
dengan tujuan untuk membiayai kegiatan utama Perseroan the purpose of funding the Company’s main activity
yaitu pembiayaan konsumen dan pembiayaan murabahah. which is consumer financing and murabahah financing.
Perseroan dapat melakukan pembelian kembali (buy The Company can buy back part or all of the bonds and
back) untuk sebagian atau seluruh obligasi dan sukuk mudharabah bonds issued under a condition that such
mudharabah yang diterbitkan dengan ketentuan bahwa action can only be conducted after the first anniversary
hal tersebut hanya dapat dilaksanakan setelah ulang since the issuance date.
tahun pertama sejak tanggal emisi.
d. Penggabungan Usaha d. Merger
Pada tanggal 28 April 2025, Dewan Komisaris Perseroan On 28 April 2025, the Company’s Board of
menyetujui Rancangan Penggabungan Usaha antara Commissioners approved the Merger Plan between the
Perseroan dengan MFIN dan disampaikan kepada OJK Company and MFIN and submitted to OJK on 30 April
pada tanggal 30 April 2025. Penggabungan Usaha 2025. The merger is part of and integrated into the
tersebut merupakan bagian dari dan satu kesatuan dari formation process of operational Financial Conglomerate
proses pembentukan Perusahaan Induk Konglomerasi Holding Company (“FCHC”) of MUFG Group in
Keuangan (“PIKK”) Operasional Grup MUFG sesuai accordance with Financial Services Authority Regulation
dengan ketentuan dalam Peraturan Otoritas Jasa (POJK) No. 30 Year 2024 concerning Financial
Keuangan (POJK) Nomor 30 Tahun 2024 tentang Conglomerates and FCHC. The Plan contains detailed
Konglomerasi Keuangan dan PIKK. Rancangan tersebut information regarding the proposed merger, including that
memuat informasi rinci mengenai penggabungan usaha the Company will be the surviving entity, effective on 1
yang diusulkan, termasuk bahwa Perseroan akan October 2025.
menjadi entitas penerima penggabungan, efektif pada 1
Oktober 2025.
Perseroan telah menerima Pernyataan Efektif The Company received the Effective Statement of the
Penggabungan dari OJK (Pengawas Pasar Modal) pada Merger from OJK (Capital Market Supervision) on 26 June
tanggal 26 Juni 2025, dan telah memperoleh persetujuan 2025 and obtained shareholder approval at the
dari pemegang saham melalui Rapat Umum Pemegang Extraordinary General Meeting of Shareholders (EGMS)
Saham Luar Biasa (RUPS-LB) yang dilaksanakan pada held on 30 June 2025.
tanggal 30 Juni 2025.
16
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 519
Page 522
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
d. Penggabungan Usaha (lanjutan) d. Merger (continued)
Berdasarkan Akta Penggabungan yang dimuat dalam Based on the Deed of Merger contained in Deed No. 71
Akta No. 71 yang dibuat oleh Notaris Mala Mukti, S.H., made by Notary Public Mala Mukti, S.H., LL.M. on 16
LL.M. tanggal 16 Juli 2025 disetujui bahwa: July 2025, it was agreed that:
- Perseroan akan mengambil alih seluruh aset dan - The Company will take over all of MFIN's assets and
liabilitas dari MFIN. Perseroan juga akan liabilities and will integrate the operational offices
mengintegrasikan kantor-kantor operasional pasca- post-merger.
penggabungan.
- Status, posisi, hak, dan kewajiban karyawan - The status, position, rights, and obligations of the
Perseroan tidak akan berubah akibat penggabungan. Company's existing employees will not be affected by
Karyawan MFIN akan diberikan penawaran untuk the merger. MFIN's employees will be offered
bekerja sebagai karyawan Perseroan, dan bagi yang employment with the Company, and for those who
menerimanya, hubungan kerja mereka dengan MFIN accept, their employment relationship with MFIN will
akan dihentikan. be terminated.
- Rasio konversi saham dari MFIN ke Perseroan - The share conversion ratio from MFIN to the Company
didasarkan pada metode arus kas yang didiskontokan will be based on the discounted cash flow method and
(discounted cash flow) dan pendekatan pasar (market- a market-based approach.
based approach).
- Semua biaya dan beban yang timbul sehubungan - All costs and expenses arising from the merger
dengan proses penggabungan, seperti biaya process, including professional, notarial, advertising,
profesional, notaris, iklan, pendaftaran, dan and registration fees, will be shared between MFIN
transportasi, akan ditanggung oleh MFIN dan and the Company.
Perseroan.
- Akta penggabungan ini diatur oleh hukum Negara - This Deed of Merger is governed by the laws of the
Republik Indonesia, dan para pihak memilih yurisdiksi Republic of Indonesia, and the parties agree to the
Pengadilan Negeri Jakarta Selatan untuk jurisdiction of the South Jakarta District Court for the
penyelesaian sengketa. resolution of any disputes.
Seperti diungkapkan dalam Catatan 1b, efektif pada As disclosed in Note 1d, the merger between the
tanggal 1 Oktober 2025, Perseroan dan MFIN telah Company and MFIN was effective on 1 October 2025.
efektif bergabung. Setelah tanggal efektif After the effective date of the merger, the Company will
penggabungan, Perseroan akan menjadi entitas yang become the surviving entity and all shareholders of
menerima penggabungan (surviving entity) dan seluruh MFIN will become shareholders of the surviving entity
pemegang saham MFIN akan menjadi pemegang based on the merger ratio. For the composition of
saham dari entitas yang menerima penggabungan Company’s shareholders after the effective date of
berdasarkan rasio penggabungan. Untuk komposisi merger, please refer to Note 24.
pemegang saham Perseroan setelah efektif
penggabungan, dapat mengacu pada Catatan 24.
Penggabungan usaha di atas memenuhi kategori The merger above fulfill the category of business
kombinasi bisnis di antara entitas sepengendali combination among entities under common control
sebagaimana diuraikan di dalam PSAK 338 tentang entities described in SFAS 338 on "Business
“Kombinasi Bisnis Entitas Sepengendali”, sehingga Combination of Entities Under Common Control”,
penggabungan usaha tersebut diakui menggunakan therefore such merger were accounted for using the
metode penyatuan kepemilikan. Jumlah selisih yang pooling of interest method. The amount of the difference
timbul antara biaya perolehan dan nilai tercatat aset neto between the cost of acquisition and the carrying amount
seluruhnya diakui sebagai “Selisih Nilai Transaksi of the net assets entirely recognised as "Restructuring
Restrukturisasi Entitas Sepengendali” (SNTRES) dan transaction of entities under common control" (DUCC)
disajikan sebagai bagian "Tambahan Modal Disetor" di and recognised as part of “Additional Paid-in Capital” and
bagian ekuitas pada laporan posisi keuangan Perseroan. presented in the equity section of the Company’s
statement of financial position.
17
520 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 523
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
e. Dewan Komisaris dan Direksi e. Boards of Commissioners and Directors
Susunan Dewan Komisaris dan Direksi Perseroan pada The composition of the Company’s Boards of
tanggal 31 Desember 2025 adalah sebagai berikut: Commissioners and Directors as of 31 December 2025
are as follows:
Dewan Komisaris Board of Commissioners
Komisaris Utama Daisuke Ejima President Commissioner
Komisaris Independen Krisna Wijaya Independent Commissioner
Komisaris Independen Manggi Taruna Habir Independent Commissioner
Komisaris Congsin Congcar Commissioner
Komisaris Honggo Widjojo Kangmasto Commissioner
Dewan Direksi Board of Directors
Direktur Utama I Dewa Made Susila President Director
Direktur Swandajani Gunadi Director
Direktur Niko Kurniawan Bonggowarsito Director
Direktur Harry Latif *) Director
Direktur Denny Riza Farib Director
Direktur Sigit Hendra Gunawan Director
Direktur Sylvanus Gani Kukuh Mendrofa Director
Direktur Ricky Gunawan Director
*) Telah mengajukan pengunduran diri dari jabatannya *) Submitted his resignation from his position as a
sebagai Direktur Perseroan pada tanggal 31 Oktober Director of the Company on 31 October 2025. The
2025. Pengunduran diri tersebut telah memperoleh resignation was approved at the Extraordinary
persetujuan dalam Rapat Umum Pemegang Saham General Meeting of Shareholders held on 27 January
Luar Biasa yang diselenggarakan pada tanggal 27 2026.
Januari 2026.
Susunan Dewan Komisaris dan Direksi Perseroan pada The composition of the Company’s Boards of
tanggal 31 Desember 2024 adalah sebagai berikut: Commissioners and Directors as of 31 December 2024
are as follows:
Dewan Komisaris Board of Commissioners
Komisaris Utama Daisuke Ejima President Commissioner
Komisaris Independen Krisna Wijaya Independent Commissioner
Komisaris Independen Manggi Taruna Habir Independent Commissioner
Komisaris Eng Heng Nee Philip Commissioner
Komisaris Congsin Congcar Commissioner
Komisaris Hafid Hadeli Commissioner
Dewan Direksi Board of Directors
Direktur Utama I Dewa Made Susila President Director
Direktur Swandajani Gunadi Director
Direktur Niko Kurniawan Bonggowarsito Director
Direktur Harry Latif Director
Direktur Denny Riza Farib Director
Direktur Sigit Hendra Gunawan Director
Direktur Sylvanus Gani Kukuh Mendrofa Director
Direktur Takanori Mizuno Director
f. Dewan Pengawas Syariah f. Sharia Supervisory Board
Susunan Dewan Pengawas Syariah pada tanggal The composition of the Sharia Supervisory Board as
31 Desember 2025 dan 2024 adalah sebagai berikut: of 31 December 2025 and 2024 are as follows:
Ketua Prof. Dr. H. Fathurrahman Djamil, MA Chairman
Anggota Prof. Dr. H. Noor Achmad, MA Member
Anggota Dr. Rini Fatma Kartika, M.H Member
18
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 521
Page 524
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
g. Komite Audit dan Pemantau Risiko g. Audit and Risk Monitoring Committee
Susunan Komite Auditn Komite Pemantau Risiko pada The composition of the Audit Committee and the
tanggal 31 Desember 2025 adalah sebagai berikut: Risk Monitoring Committee as of 31 December 2025
are as follows:
Komite Audit Audit Committee
Ketua Manggi Taruna Habir Chairman
Anggota Jusuf Sukiman Member
Anggota Restiana Ie Tjoe Linggadjaya Member
Komite Pemantau Risiko Risk Monitoring Committee
Ketua Krisna Wijaya Chairman
Anggota Manggi Taruna Habir Member
Anggota Rio Erriad Member
Anggota Eng Heng Nee Philip Member
Susunan Komite Auditn Komite Pemantau Risiko pada The composition of the Audit Committee and the
tanggal 31 Desember 2024 adalah sebagai berikut: Risk Monitoring Committee as of 31 December 2024
are as follows:
Komite Audit Audit Committee
Ketua Manggi Taruna Habir Chairman
Anggota Jusuf Sukiman Member
Anggota Restiana Ie Tjoe Linggadjaya Member
Komite Pemantau Risiko Risk Monitoring Committee
Ketua Krisna Wijaya Chairman
Anggota Manggi Taruna Habir Member
Anggota Rio Erriad Member
h. Berdasarkan Surat Keputusan Direksi Perseoran No. h. Based on Directors’ Decision Letter of the Company No.
006/ADMF/BOD/IV/2024 tanggal 30 April 2024, 006/ADMF/BOD/IV/24 dated 30 April 2024, the
Sekretaris Perseroan pada tanggal 31 Desember 2025 Corporate Secretary as of 31 December 2025 and 2024
dan 2024 adalah Veronika Dyah Puspitaningrum. is Veronika Dyah Puspitaningrum.
i. Berdasarkan Surat Keputusan Bersama Direksi i. Based on Joint Decision Letter of the Board of Directors
dan Dewan Komisaris Perseroan No. and Commissioners of the Company
013/ADMF/BOD/VII/18 tanggal 11 Juli 2018, Kepala Unit No. 013/ADMF/BOD/VII/18 dated 11 July 2018, the Head
Audit Internal Perseroan pada tanggal of Internal Audit Unit as of 31 December 2025 and 2024
31 Desember 2025 dan 2024 adalah Haryadwi Saputra is Haryadwi Saputra Kartawidjaja.
Kartawidjaja.
j. Pada tanggal 31 Desember 2025, Perseroan j. As of 31 December 2025, the Company has 15,338
mempunyai 15.338 karyawan tetap dan 5.470 karyawan permanent employees and 5,470 non-permanent
tidak tetap (tidak diaudit). Pada tanggal 31 Desember employees (unaudited). As of 31 December 2024, the
2024, Perseroan mempunyai 14.969 karyawan tetap Company has 14,969 permanent employees and 2,121
dan 2.121 karyawan tidak tetap, sedangkan MFIN non-permanent employees, while MFIN has 6,139
mempunyai 6.139 karyawan tetap dan 26 karyawan permanent employees and 26 non-permanent
tidak tetap (tidak diaudit). employees (unaudited).
k. Manajemen bertanggungjawab atas penyusunan k. Management is responsible for the preparation of the
laporan keuangan Perseroan yang diotorisasi untuk financial statements of the Company which were
terbit oleh Dewan Direksi pada tanggal 18 Februari authorised for issuance by the Board of Directors on
2026. 18 February 2026.
19
522 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 525
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
Kebijakan akuntansi material, yang diterapkan dalam The material accounting policies, applied in the preparation
penyusunan laporan keuangan Perseroan pada tanggal of the Company’s financial statements as of and of the years
dan untuk tahun yang berakhir 31 Desember 2025 adalah ended 31 December 2025 were as follows:
sebagai berikut:
a. Pernyataan kepatuhan a. Statement of compliance
Laporan keuangan pada tanggal 31 Desember 2025 dan The financial statements as of 31 December 2025 and
2024 disusun dan disajikan sesuai dengan Standar 2024 are prepared and presented in accordance with
Akuntansi Keuangan di Indonesia yang diterbitkan oleh Indonesian Financial Accounting Standards as issued by
Dewan Standar Akuntansi Keuangan (termasuk Dewan the Financial Accounting Standards Board (including the
Standar Akuntansi Syariah Indonesia) dan peraturan Indonesia Sharia Accounting Standards Board) and the
regulator Pasar Modal No. VIII.G.7 tentang “Penyajian Capital Market Regulation No. VIII.G.7 regarding “Issuer
dan Pengungkapan Laporan Keuangan Emiten atau or Public Company’s Financial Statements Presentation
Perusahaan Publik”. and Disclosure Guidelines”.
b. Dasar penyusunan dan penyajian laporan keuangan b. Basis for preparation and presentation of the
financial statements
Laporan keuangan, kecuali laporan arus kas, disusun The financial statements, except the statement of cash
atas dasar akrual dan biaya historis, kecuali dinyatakan flows, were prepared on the accrual basis and the
khusus. historical cost basis, unless otherwise specified.
Laporan arus kas disusun dengan menggunakan The statement of cash flows are prepared based on the
metode langsung dengan mengelompokkan arus kas ke direct method by classifying cash flows on the basis of
dalam aktivitas operasi, investasi dan pendanaan. operating, investing and financing activities.
Seluruh angka dalam laporan keuangan ini dibulatkan Figures in the financial statements are rounded to and
menjadi dan disajikan dalam jutaan Rupiah yang expressed in millions of Rupiah, unless otherwise stated.
terdekat, kecuali dinyatakan lain.
Dalam penyusunan laporan keuangan sesuai dengan The preparation of the financial statements in conformity
Standar Akuntansi Keuangan di Indonesia, dibutuhkan with Indonesian Financial Accounting Standards
pertimbangan, estimasi dan asumsi yang requires the use of judgments, estimates and
mempengaruhi: assumptions that affect:
- penerapan kebijakan akuntansi; - the application of accounting policies;
- jumlah aset dan liabilitas yang dilaporkan, dan - the reported amounts of assets and liabilities and
pengungkapan atas aset dan liabilitas kontinjensi disclosure of contingent assets and liabilities at the
pada tanggal laporan keuangan; date of the financial statements;
- jumlah pendapatan dan beban yang dilaporkan - the reported amounts of income and
selama periode pelaporan. expenses during the reporting period.
Walaupun estimasi ini dibuat berdasarkan pengetahuan Although these estimates are based on management’s
terbaik manajemen atas kejadian dan tindakan saat ini, best knowledge of current events and activities, actual
hasil aktual mungkin berbeda dengan jumlah yang results may differ from those estimates.
diestimasi semula.
Estimasi dan asumsi yang digunakan ditelaah secara Estimates and underlying assumptions are reviewed on
berkesinambungan. Revisi atas estimasi akuntansi an ongoing basis. Revisions to accounting estimates are
diakui pada periode dimana estimasi tersebut direvisi recognised in the period in which the estimate is revised
dan periode-periode yang akan datang yang dipengaruhi and in any future periods affected.
oleh revisi estimasi tersebut.
Secara khusus, informasi mengenai hal-hal penting yang In particular, information about material areas of
terkait dengan ketidakpastian estimasi dan estimation uncertainty and critical judgments in applying
pertimbangan penting dalam penerapan kebijakan accounting policies that have material effect on the
akuntansi yang memiliki dampak yang material terhadap amount recognised in the financial statements are
jumlah yang diakui dalam laporan keuangan dijelaskan described in Note 3.
dalam Catatan 3.
Mata uang penyajian yang digunakan dalam The presentation currency used in the financial
penyusunan laporan keuangan ini adalah mata uang statements is Rupiah, which is the functional currency.
Rupiah, yang merupakan mata uang fungsional.
20
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 523
Page 526
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
c. Perubahan standar akuntansi c. Changes of accounting standard
Dewan Standar Akuntansi Keuangan (DSAK) dan Dewan Financial Accounting Standards Board (DSAK) and
Standar Akuntansi Syariah (DSAS) telah menerbitkan Sharia Accounting Standards Board (DSAS) have issued
standar baru, amandemen dan interpretasi yang berlaku the new standards, amendments and interpretations
efektif pada tanggal 1 Januari 2025. which are effective as of 1 January 2025.
Tidak ada perubahan kebijakan akuntansi Perseroan dan No changes to the Company’s accounting policies and
tidak ada dampak terhadap jumlah yang dilaporkan di no impact on the amounts reported for current year or
tahun berjalan atau tahun sebelumnya dari standar yang prior year from those applicable standards.
berlaku tersebut.
d. Aset dan liabilitas keuangan d. Financial assets and liabilities
d.1. Klasifikasi d.1. Classification
Perseroan mengklasifikasikan aset dan liabilitas The Company classifies the financial assets and
keuangan ke dalam klasifikasi berikut: liabilities into classes below:
Sub-golongan/
Kategori/Categories Golongan/Classes
Sub-classes
Kas dan setara
kas/Cash and cash Kas di bank/Cash in banks
equivalents
Piutang pembiayaan konsumen/Consumer financing receivables
Piutang pembiayaan murabahah/Murabahah financing
receivables
Aset keuangan yang diukur dengan biaya Piutang pembiayaan musyarakah mutanaqisah/Musyarakah
perolehan diamortisasi/Financial assets mutanaqisah financing receivables
measured at amortised cost
Piutang sewa pembiayaan/Finance lease receivables
Aset
keuangan/ Piutang karyawan/Employee
Financial receivables
assets
Piutang lain-lain/Other Piutang komisi asuransi/Insurance
receivables commission receivables
Piutang klaim asuransi/Insurance
claims receivables
Investasi dalam saham/Investment in shares
Aset keuangan yang diukur pada nilai
wajar melalui penghasilan komprehensif Instrumen lindung
Aset derivatif - lindung nilai atas arus
lain/Financial assets measured at fair nilai atas arus
kas (lihat Catatan 2i)/Derivatives
value through other comprehensive kas/Hedging
assets - hedging instruments in cash
income instruments in cash
flow hedges (see Note 2i)
flow hedges
Pinjaman yang diterima/Borrowings
Bunga yang masih harus
dibayar/Accrued interest
Beban yang masih Bagi hasil sukuk mudharabah yang
harus dibayar/ masih harus dibayar/Accrued revenue
Liabilitas Accrued expenses sharing for mudharabah bonds
keuangan/ Liabilitas keuangan yang diukur pada
biaya perolehan diamortisasi/Financial Marjin mudharabah yang masih harus
Financial
liabilities measured at amortised cost dibayar/Accrued mudharabah margin
liabilities
Utang obligasi/Bonds payable
Utang kepada dealer/Payable to
Utang lain-lain/Other dealers
payables Utang premi asuransi/Insurance
premium payables
21
524 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 527
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
d.1. Klasifikasi (lanjutan) d.1. Classification (continued)
Perseroan mengklasifikasikan aset dan liabilitas The Company classifies the financial assets and
keuangan ke dalam klasifikasi berikut: (lanjutan) liabilities into classes below: (continued)
Sub-golongan/
Kategori/Categories Golongan/Classes
Sub-classes
Liabilitas keuangan yang diukur pada Sukuk mudharabah/Mudharabah bonds
biaya perolehan diamortisasi/Financial
Liabilitas liabilities measured at amortised cost Liabilitas sewa/Lease liabilities
keuangan/
Financial Liabilitas keuangan yang diukur pada nilai Instrumen lindung
Liabilitas derivatif - lindung nilai atas
liabilities wajar melalui penghasilan komprehensif nilai atas arus
arus kas (lihat Catatan 2i)/Derivatives
lain/Financial liabilities measured at fair kas/Hedging
liabilities - hedging instruments in
value through other comprehensive instruments in cash
cash flow hedges (see Note 2i)
income flow hedges
Aset keuangan diklasifikasikan menjadi kategori Financial assets are classified into these categories
tersebut di atas berdasarkan model bisnis dimana aset based on the business model within which they are
keuangan tersebut dimiliki, dan karakteristik arus kas held, and their contractual cash flow characteristics.
kontraktualnya. Model bisnis merefleksikan The business model reflects how groups of financial
bagaimana kelompok aset keuangan dikelola untuk assets are managed to achieve a particular business
mencapai tujuan bisnis tertentu. objective.
Aset keuangan hanya dapat dikategorikan sebagai Financial assets can only be classified at amortized
biaya perolehan diamortisasi jika instrumen dimiliki cost if the instruments are held in order to collect the
dalam rangka mendapatkan arus kas kontraktual contractual cash flows (“hold to collect”), and where
(“hold to collect”), dan dimana arus kas kontraktual those contractual cash flows are solely payments of
tersebut semata dari pembayaran pokok dan bunga principal and interest (SPPI). ‘Principal’ is defined as
(SPPI). ‘Pokok’ didefinisikan sebagai nilai wajar dari the fair value of the financial asset on initial
aset keuangan pada pengakuan awal. ‘Bunga’ recognition. ‘Interest’ is defined as consideration for:
didefinisikan sebagai:
- imbalan untuk nilai waktu atas uang; - the time value of money;
- risiko kredit yang terkait dengan jumlah pokok - credit risk associated with the principal amount
yang terutang selama periode waktu tertentu; outstanding during a particular period of time;
- risiko dan biaya pinjaman dasar lainnya - other basic lending risks and costs (e.g. liquidity
(misalnya risiko likuiditas dan biaya risk and administrative costs); and
administrasi); dan
- marjin keuntungan. - profit margin.
Dalam menilai apakah arus kas kontraktual adalah In assessing whether the contractual cash flows are
SPPI, Perseroan mempertimbangkan ketentuan SPPI, the Company considers the contractual terms
kontraktual instrumen tersebut. Hal ini termasuk of the instrument. This includes assessing whether
menilai apakah aset keuangan mengandung the financial asset contains a contractual term that
ketentuan kontraktual yang dapat mengubah waktu could change the timing or amount of contractual
atau jumlah arus kas kontraktual sehingga tidak cash flows such that it would not meet this condition.
memenuhi kondisi ini. Dalam melakukan penilaian, In making the assessment, the Company considers
Perseroan mempertimbangkan ketentuan prepayment and extension terms.
percepatan pelunasan dan perpanjangan.
d.2. Pengakuan d.2. Recognition
Perseroan pada awalnya mengakui aset keuangan The Company initially recognises financial assets
dan liabilitas keuangan pada tanggal perolehan. and financial liabilities on the date of origination.
Perseroan menggunakan akuntansi tanggal The Company uses settlement date accounting
penyelesaian ketika mencatat transaksi aset when recording financial assets transactions.
keuangan.
22
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 525
Page 528
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
d.2. Pengakuan (lanjutan) d.2. Recognition (continued)
Pada saat pengakuan awal, aset keuangan atau At initial recognition, the Company’s financial assets
liabilitas keuangan Perseroan diukur pada nilai or financial liabilities are measured at fair values
wajar ditambah/dikurangi biaya transaksi yang plus/minus transaction costs that are directly
dapat diatribusikan secara langsung atas perolehan attributable to the acquisition of financial assets or
aset keuangan atau penerbitan liabilitas keuangan. issuance of financial liabilities. The subsequent
Pengukuran aset keuangan dan liabilitas keuangan measurement of financial assets and financial
setelah pengakuan awal tergantung pada klasifikasi liabilities depends on their classification.
aset keuangan dan liabilitas keuangan tersebut.
Biaya transaksi hanya meliputi biaya-biaya yang Transaction costs include only those costs that are
dapat diatribusikan secara langsung untuk directly attributable to the acquisition of a financial
perolehan suatu aset keuangan atau penerbitan asset or issuance of a financial liability and they are
suatu liabilitas keuangan dan merupakan biaya incremental costs that would not have been incurred
tambahan yang tidak akan terjadi apabila instrumen if the instrument had not been acquired or issued. In
keuangan tersebut tidak diperoleh atau diterbitkan. the case of financial assets, transaction costs are
Untuk aset keuangan, biaya transaksi ditambahkan added to the amount recognised initially, while for
pada jumlah yang diakui pada awal pengakuan financial liabilities, transaction costs are deducted
aset, sedangkan untuk liabilitas keuangan, biaya from the amount of debt recognised initially. Such
transaksi dikurangkan dari jumlah utang yang diakui transaction costs are amortised over the terms of the
pada awal pengakuan kewajiban. Biaya transaksi instruments based on the effective interest method
tersebut diamortisasi selama umur instrumen and are recorded as part of consumer financing,
berdasarkan metode suku bunga efektif dan dicatat murabahah margin and finance leases income for
sebagai bagian dari pendapatan pembiayaan transaction costs related to financial assets and as
konsumen, marjin murabahah dan sewa part of interest expenses for transaction costs
pembiayaan untuk biaya transaksi sehubungan related to financial liabilities.
dengan aset keuangan dan sebagai bagian dari
beban bunga untuk biaya transaksi sehubungan
dengan liabilitas keuangan.
Setelah pengakuan awal, aset keuangan yang Subsequent to initial recognition, financial assets
diklasifikasikan sebagai biaya perolehan classified as amortised cost are measured at
diamortisasi dicatat sebesar biaya perolehan amortised cost (see Note 2d.5) using the effective
diamortisasi (lihat Catatan 2d.5) dengan interest method. While financial assets measured at
menggunakan metode suku bunga efektif. fair value through other comprehensive income are
Sedangkan aset keuangan yang diukur pada nilai measured at fair value.
wajar melalui penghasilan komprehensif lain dicatat
sebesar nilai wajar.
Setelah pengakuan awal, liabilitas keuangan Subsequent to initial recognition, financial liabilities
dicatat pada biaya perolehan diamortisasi (lihat are measured at amortised cost (see Note 2d.5)
Catatan 2d.5) dengan menggunakan metode suku using the effective interest method.
bunga efektif.
d.3. Penghentian pengakuan d.3. Derecognition
Perseroan menghentikan pengakuan aset The Company derecognises a financial asset when
keuangan pada saat hak kontraktual atas arus kas the contractual rights to the cash flows from the
yang berasal dari aset keuangan tersebut asset expire, or when the Company transfers the
kadaluwarsa, atau pada saat Perseroan rights to receive the contractual cash flows on the
mentransfer seluruh hak untuk menerima arus kas financial asset in a transaction in which
kontraktual dari aset keuangan dalam transaksi substantially all the risks and rewards of ownership
dimana Perseroan secara substansial telah of the financial asset are transferred. Any rights and
mentransfer seluruh risiko dan manfaat atas obligations in transferred financial assets that are
kepemilikan aset keuangan yang ditransfer. Setiap created or retained by the Company are recognised
hak atau kewajiban atas aset keuangan yang as a separate asset or liability.
ditransfer yang timbul atau yang masih dimiliki oleh
Perseroan diakui sebagai aset atau liabilitas secara
terpisah.
Perseroan menghentikan pengakuan liabilitas The Company derecognises a financial liability
keuangan pada saat kewajiban yang ditetapkan when its contractual obligations are discharged or
dalam kontrak dilepaskan atau dibatalkan atau cancelled or expired.
kadaluwarsa.
23
526 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 529
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
d.3. Penghentian pengakuan (lanjutan) d.3. Derecognition (continued)
Dalam transaksi dimana Perseroan secara In transactions where the Company neither retains
substansial tidak memiliki atau tidak mentransfer nor transfers substantially all the risks and rewards
seluruh risiko dan manfaat atas kepemilikan aset of ownership of a financial asset, the Company
keuangan, Perseroan menghentikan pengakuan derecognises the asset if it does not retain control
aset tersebut jika Perseroan tidak lagi memiliki over the asset. The rights and obligations retained
pengendalian atas aset tersebut. Hak dan in the transfer are recognised separately as assets
kewajiban yang timbul atau yang masih dimiliki and liabilities as appropriate. In transfers where
dalam transfer tersebut diakui secara terpisah control over the asset is retained, the Company
sebagai aset atau liabilitas. Dalam transfer dimana continues to recognise the asset to the extent of its
pengendalian atas aset masih dimiliki, Perseroan continuing involvement, determined by the extent to
tetap mengakui aset yang ditransfer tersebut which it is exposed to changes in the value of the
sebesar keterlibatan berkelanjutan, yang ditentukan transferred asset.
oleh besarnya perubahan nilai aset yang ditransfer.
Perseroan menghapuskan aset keuangan ketika The Company writes off a financial asset when
ada informasi yang menunjukkan bahwa tidak ada there is information indicating that there is no
prospek pemulihan yang realistis atas aset realistic prospect of recovery, e.g. consumer
keuangan tersebut, contoh saldo piutang financing receivable, murabahah financing
pembiayaan konsumen, piutang pembiayaan receivables, musyarakah mutanaqisah financing
murabahah, piutang pembiayaan musyarakah receivables and finance lease receivables are over
mutanaqisah dan piutang sewa pembiayaan yang 180 days past due, since it is considered there is no
telah menunggak lebih dari 180 hari, karena realistic prospect of recovery and uncollectible. The
dianggap tidak ada prospek pemulihan yang Company continues to collect the written off
realistis dan tidak dapat ditagih lagi. Perseroan financial asset align with the applicable law. Any
tetap melakukan usaha penagihan aset keuangan recoveries made are recognized in profit or loss.
yang telah dihapuskan sesuai dengan hukum yang
berlaku. Setiap pemulihan yang terjadi diakui dalam
laba rugi.
d.4. Saling hapus d.4. Offsetting
Aset keuangan dan liabilitas keuangan saling hapus Financial assets and financial liabilities shall be
dan nilai netonya disajikan dalam laporan posisi offset and the net amount is presented in the
keuangan jika, dan hanya jika, Perseroan memiliki statement of financial position when and only when,
hak yang berkekuatan hukum untuk melakukan the Company has a legally enforceable right to set
saling hapus atas jumlah yang telah diakui tersebut off the amounts and intends either to settle on a net
dan berniat untuk menyelesaikan secara neto atau basis or to realise the asset and settle the liability
untuk merealisasikan aset dan menyelesaikan simultaneously. The legally enforceable right must
liabilitasnya secara simultan. Hak yang berkekuatan not be contingent on future events and must be
hukum bukan bersifat kontinjen untuk suatu enforceable in the normal course of business and in
peristiwa dimasa depan dan harus dapat the event of default, insolvency or bankruptcy of the
dipaksakan secara hukum baik dalam situasi bisnis Company or the counterparty.
yang normal, atau dalam peristiwa gagal bayar, atau
peristiwa kepailitan, atau kebangkrutan dari
Perseroan atau pihak lawan.
Pendapatan dan beban disajikan dalam jumlah neto Income and expense are presented on a net basis
hanya jika diperkenankan oleh standar akuntansi. only when permitted by accounting standards.
d.5. Pengukuran biaya perolehan diamortisasi d.5. Amortised cost measurement
Biaya perolehan diamortisasi dari aset keuangan The amortised cost of a financial asset or financial
atau liabilitas keuangan adalah jumlah aset atau liability is the amount at which the financial asset or
liabilitas keuangan yang diukur pada saat liability is measured at initial recognition, minus
pengakuan awal dikurangi pembayaran pokok, principal repayments, plus or minus the cumulative
ditambah atau dikurangi dengan amortisasi amortisation using the effective interest method of
kumulatif dengan menggunakan metode suku any difference between the initial amount and the
bunga efektif yang dihitung dari selisih antara nilai maturity amount, minus any reduction for
awal dan nilai jatuh temponya, dikurangi penyisihan impairment.
kerugian penurunan nilai.
24
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 527
Page 530
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
d.5. Pengukuran biaya perolehan diamortisasi d.5. Amortised cost measurement (continued)
(lanjutan)
Suku bunga efektif adalah suku bunga yang secara The effective interest rate is the rate that exactly
tepat mendiskontokan estimasi pembayaran dan discounts the estimated future cash payments and
penerimaan kas di masa datang selama perkiraan receipts through the expected life of the financial
umur dari aset keuangan atau liabilitas keuangan asset or financial liability (or, where appropriate, a
(atau, jika lebih tepat, digunakan periode yang lebih shorter period) to the carrying amount of the financial
singkat) untuk memperoleh nilai tercatat dari aset asset or financial liability. When calculating the
keuangan atau liabilitas keuangan. Pada saat effective interest rate, the Company estimates future
menghitung suku bunga efektif, Perseroan cash flows considering all contractual terms of the
mengestimasi arus kas di masa datang dengan financial instrument, but not future credit losses.
mempertimbangkan seluruh persyaratan
kontraktual dalam instrumen keuangan tersebut,
tetapi tidak mempertimbangkan kerugian di masa
mendatang.
Perhitungan suku bunga efektif mencakup seluruh The calculation of the effective interest rate includes
fees dan costs yang diterima atau dibayarkan yang all fees and costs received or paid that are an
merupakan bagian tak terpisahkan dari suku bunga integral part of the effective interest rate, including
efektif, termasuk biaya transaksi. transaction costs.
d.6. Pengukuran nilai wajar d.6. Fair value measurement
Nilai wajar adalah harga yang akan diterima untuk Fair value is the price that would be received to sell
menjual suatu aset atau harga yang akan dibayar an asset or paid to transfer a liability in an orderly
untuk mengalihkan suatu liabilitas dalam transaksi transaction between market participants at the
teratur (orderly transaction) antara pelaku pasar measurement date in the principal market or, in its
(market participants) pada tanggal pengukuran di absence, the most advantageous market to which
pasar utama atau, jika tidak terdapat pasar utama, the Company has access at that date. The fair value
di pasar yang paling menguntungkan dimana of a liability reflects its non-performance risk.
Perseroan memiliki akses pada tanggal tersebut.
Nilai wajar liabilitas mencerminkan risiko
wanprestasinya.
Jika tersedia, Perseroan mengukur nilai wajar When available, the Company measures the fair
instrumen keuangan dengan menggunakan harga value of an instrument using quoted prices in an
kuotasi di pasar aktif untuk instrumen tersebut. active market for that instrument. A market is
Suatu pasar dianggap aktif jika harga kuotasi regarded as active if quoted prices are readily and
sewaktu-waktu dan secara berkala tersedia dan regularly available and represent actual and
mencerminkan transaksi pasar yang aktual dan rutin regularly occurring market transactions on an arm's
dalam suatu transaksi yang wajar. length basis.
25
528 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 531
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
d.6. Pengukuran nilai wajar (lanjutan) d.6. Fair value measurement (continued)
Jika pasar untuk suatu instrumen keuangan tidak If a market for a financial instrument is not active,
aktif, Perseroan menentukan nilai wajar dengan the Company establishes fair value using
menggunakan teknik penilaian. Teknik penilaian a valuation technique. Valuation techniques include
mencakup penggunaan transaksi pasar terkini yang using recent arm's length transactions between
dilakukan secara wajar oleh pihak-pihak yang knowledgeable and willing parties, and if available,
memahami, berkeinginan, dan jika tersedia, reference to the current fair value of other
referensi atas nilai wajar terkini dari instrumen lain instruments that are substantially the same,
yang secara substansial sama, penggunaan analisa discounted cash flows analysis and option pricing
arus kas yang didiskonto dan penggunaan model models. The chosen valuation technique makes
penetapan harga opsi (option pricing model). Teknik maximum use of market inputs, relies as little as
penilaian yang dipilih memaksimalkan penggunaan possible on estimates specific to the Company,
input pasar, dan meminimalkan penggunaan incorporates all factors that market participants
taksiran yang bersifat spesifik dari Perseroan, would consider in setting a price, and is consistent
memasukkan semua faktor yang akan with accepted economic methodologies for pricing
dipertimbangkan oleh para pelaku pasar dalam financial instruments. Inputs to valuation techniques
menetapkan suatu harga dan konsisten dengan reasonably represent market expectations and
metodologi ekonomi yang diterima dalam penetapan measures of the risk-return factors inherent in the
harga instrumen keuangan. Input yang digunakan financial instrument. The Company calibrates
dalam teknik penilaian secara memadai valuation techniques and tests them for validity
mencerminkan ekspektasi pasar dan ukuran atas using prices from observable current market
faktor risiko dan pengembalian (risk-return) yang transactions in the same instrument or based on
melekat pada instrumen keuangan. Perseroan other available observable market data.
mengkalibrasi teknik penilaian dan menguji
validitasnya dengan menggunakan harga-harga dari
transaksi pasar terkini yang dapat diobservasi untuk
instrumen yang sama atau atas dasar data pasar
lainnya yang tersedia yang dapat diobservasi.
Bukti terbaik atas nilai wajar instrumen keuangan The best evidence of the fair value of a financial
pada saat pengakuan awal adalah harga transaksi, instrument at initial recognition is the transaction
yaitu nilai wajar dari pembayaran yang diberikan price, i.e., the fair value of the consideration given
atau diterima, kecuali jika nilai wajar dari instrumen or received, unless the fair value of that instrument
keuangan tersebut ditentukan dengan perbandingan is evidenced by comparison with the other
dengan transaksi pasar terkini yang dapat observable current market transactions in the same
diobservasi dari suatu instrumen yang sama (yaitu instrument (i.e., without modification or
tanpa modifikasi atau pengemasan ulang), atau repackaging), or based on a valuation technique
berdasarkan suatu teknik penilaian yang variabelnya
whose variables include only data from observable
hanya menggunakan data dari pasar yang dapat
markets. When transaction price provides the best
diobservasi. Jika harga transaksi memberikan bukti
terbaik atas nilai wajar pada saat pengakuan awal, evidence of fair value at initial recognition, the
maka instrumen keuangan pada awalnya diukur financial instrument is initially measured at the
pada harga transaksi dan selisih antara harga transaction price and any difference between this
transaksi dan nilai yang sebelumnya diperoleh dari price and the value initially obtained from a
model penilaian diakui dalam laporan laba rugi valuation model is subsequently recognised in the
setelah pengakuan awal tergantung pada masing- statement of profit or loss depending on the
masing fakta dan keadaaan dari transaksi tersebut individual facts and circumstances of the
namun tidak lebih lambat dari saat penilaian tersebut transaction but not later than when the valuation is
didukung sepenuhnya oleh data pasar yang dapat supported wholly by observable market data or the
diobservasi atau saat transaksi ditutup. transaction is closed out.
26
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 529
Page 532
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
d.6. Pengukuran nilai wajar (lanjutan) d.6. Fair value measurement (continued)
Nilai wajar mencerminkan risiko kredit atas Fair values reflect the credit risk of the financial
instrumen keuangan dan termasuk penyesuaian instruments and include adjustments to take into
yang dilakukan untuk memasukkan risiko kredit account the credit risk of the Company and
Perseroan dan pihak lawan, mana yang lebih counterparty where appropriate. Fair value
sesuai. Taksiran nilai wajar yang diperoleh dari estimates obtained from models are adjusted for any
model penilaian akan disesuaikan untuk other factors, such as liquidity risk or valuation
mempertimbangkan faktor-faktor lainnya, seperti model uncertainties, to the extent that the Company
risiko likuiditas atau ketidakpastian model penilaian, believes a third-party market participation would
sepanjang Perseroan yakin bahwa keterlibatan take them into account in pricing a transaction.
suatu pasar pihak ketiga akan mempertimbangkan
faktor-faktor tersebut dalam penetapan harga suatu
transaksi.
Perseroan mengukur nilai wajar untuk instrumen The Company measures fair value for financial
keuangan yang diakui pada nilai wajar dengan instrument recognised at fair values using the
menggunakan tingkat hirarki berikut ini: following hierarchy level:
- Tingkat 1: Harga kuotasi di pasar yang aktif - Level 1: Quoted market price in an active market
untuk instrumen keuangan yang sejenis, for an identical instrument,
- Tingkat 2: Teknik penilaian berdasarkan input - Level 2: Valuation techniques based on
yang dapat diobservasi, observable inputs,
- Tingkat 3: Teknik penilaian menggunakan input - Level 3: Valuation techniques using significant
signifikan yang tidak dapat diobservasi. unobservable inputs.
e. Kas dan setara kas e. Cash and cash equivalents
Kas dan setara kas terdiri dari kas, kas di bank dan Cash and cash equivalents consist of cash on hand, cash
deposito berjangka yang jatuh tempo dalam waktu in banks and time deposits with a maturity period of 3
3 bulan atau kurang sejak tanggal penempatan, months or less since the date of placement, as long as
sepanjang deposito berjangka tersebut tidak digunakan these time deposits are not pledged as collaterals for
sebagai jaminan atas pinjaman yang diterima, serta tidak borrowings nor restricted.
dibatasi penggunaannya.
f. Piutang pembiayaan konsumen, piutang f. Consumer financing receivables, murabahah
pembiayaan murabahah, piutang pembiayaan financing receivables, musyarakah mutanaqisah
musyarakah mutanaqisah, dan piutang sewa financing receivables, and finance lease receivables
pembiayaan
f.1. Piutang pembiayaan konsumen f.1. Consumer financing receivables
Piutang pembiayaan konsumen diklasifikasikan Consumer financing receivables are classified as
sebagai aset keuangan yang diukur dengan biaya financial assets measured at amortised cost, and
perolehan diamortisasi, dan setelah pengakuan subsequent to initial recognition, are carried at
awal, dicatat pada biaya perolehan diamortisasi amortised cost using the effective interest method
dengan menggunakan metode suku bunga efektif (see Note 2d.5).
(lihat Catatan 2d.5).
Pendapatan pembiayaan konsumen yang belum Unearned consumer financing income represents
diakui merupakan selisih antara jumlah keseluruhan the difference between total installments to be
pembayaran angsuran yang akan diterima dari received from the consumer and the principal
konsumen dan jumlah pokok pembiayaan, yang amount financed, which is recognised as income
diakui sebagai pendapatan selama jangka waktu over the term of the contract based on effective
kontrak berdasarkan tingkat suku bunga efektif dari interest rate of the related consumer financing
piutang pembiayaan konsumen. receivable.
Penyelesaian kontrak sebelum masa pembiayaan Early termination of a contract is treated as
konsumen berakhir diperlakukan sebagai a cancellation of an existing contract and the
pembatalan kontrak pembiayaan konsumen dan resulting gain, if any, is recognised in the current
jika terdapat, keuntungan yang timbul diakui dalam year profit or loss.
laba rugi tahun berjalan.
27
530 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 533
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
f. Piutang pembiayaan konsumen, piutang f. Consumer financing receivables, murabahah
pembiayaan murabahah, piutang pembiayaan financing receivables, musyarakah mutanaqisah
musyarakah mutanaqisah, dan piutang sewa financing receivables, and finance lease receivables
pembiayaan (lanjutan) (continued)
f.1. Piutang pembiayaan konsumen (lanjutan) f.1. Consumer financing receivables (continued)
Piutang pembiayaan konsumen akan Consumer financing receivables will be written-off
dihapusbukukan setelah menunggak lebih dari 180 when they are overdue for more than 180 days.
hari. Penerimaan dari piutang yang telah Recoveries from written-off receivables are
dihapusbukukan diakui sebagai pendapatan lain- recognised as other income upon receipt.
lain pada saat diterima.
Restrukturisasi pembiayaan konsumen berupa Restructuring of consumer financing is a non
modifikasi persyaratan kredit non substantial yang substantial modification of the terms of the loans
tidak menghasilkan penghentian pengakuan. which does not result in derecognition. Restructured
Pembiayaan yang direstrukturisasi disajikan financing are stated at present value of discounted
sebesar nilai kini atas arus kas kontraktual setelah contractual cash flows after restructuring using initial
restrukturisasi yang didiskontokan menggunakan effective interest rate. Differences arising from the
suku bunga efektif awal. Selisih antara jumlah gross carrying value of the consumer financing
tercatat bruto piutang pembiayaan konsumen pada receivables at the time of restructuring with present
tanggal restrukturisasi dengan nilai kini arus value of contractual cash flows after restructuring
kas kontraktual setelah restrukturisasi diakui dalam are recognized to profit or loss.
laba rugi.
Fee dan biaya yang timbul dari restrukturisasi Fee and cost arising from the restructuring adjust
menyesuaikan nilai tercatat bruto setelah modifikasi the gross carrying amount after modification and
dan diamortisasi sepanjang sisa tenor. amortised along remaining tenor.
Setelah restrukturisasi, seluruh arus kas kontraktual Thereafter, all the contractual cash flows under the
dalam persyaratan baru dicatat sebagai new terms shall be accounted for as the repayment
pengembalian pokok pembiayaan yang diberikan of principal and interest income, in accordance with
dan pendapatan bunga sesuai dengan syarat-syarat the restructuring scheme.
restrukturisasi.
f.2. Piutang pembiayaan murabahah f.2. Murabahah financing receivables
Kontrak murabahah adalah akad jual-beli barang Murabahah contract is sell-buy goods contract with
dengan harga jual sebesar biaya perolehan selling price amounting to acquisition cost plus
ditambah keuntungan yang disepakati dan agreed margin, and the Company must disclose the
Perseroan harus mengungkapkan biaya perolehan acquisition cost to consumer. When the murabahah
barang tersebut kepada konsumen. Pada saat akad contract is signed, murabahah financing receivables
murabahah, piutang pembiayaan murabahah diakui are recognised at acquisition cost plus agreed
sebesar biaya perolehan ditambah keuntungan margin. Murabahah margin is recognised over the
(marjin). Keuntungan murabahah diakui selama year of the contract based on margin of the
tahun akad berdasarkan pengakuan marjin dari murabahah financing receivables.
piutang pembiayaan murabahah.
Akad murabahah secara substansi merupakan Substantially, murabahah contract is a financing
suatu pembiayaan, sehingga pengakuan marjin transaction, so that margin recognition is based on
dilakukan berdasarkan standar yang mengatur standards which regulate financing transaction, as
pembiayaan, seperti yang disebutkan di kebijakan mentioned in consumer financing policy.
pembiayaan konsumen.
Piutang pembiayaan murabahah akan Murabahah financing receivables will be written-off
dihapusbukukan setelah menunggak lebih dari 180 when they are overdue for more than 180 days.
hari. Penerimaan dari piutang yang telah Recoveries from written-off receivables are
dihapusbukukan diakui sebagai pendapatan lain- recognised as other income upon receipt.
lain pada saat diterima.
28
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 531
Page 534
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
f. Piutang pembiayaan konsumen, piutang f. Consumer financing receivables, murabahah
pembiayaan murabahah, piutang pembiayaan financing receivables, musyarakah mutanaqisah
musyarakah mutanaqisah, dan piutang sewa financing receivables, and finance lease receivables
pembiayaan (lanjutan) (continued)
f.2. Piutang pembiayaan murabahah (lanjutan) f.2. Murabahah financing receivables (continued)
Dalam hal restrukturisasi piutang pembiayaan In term of restructuring of murabahah financing
murabahah dilakukan dengan modifikasi receivables through non substantial modification of
persyaratan pembiayaan non substansial yang tidak financing terms which does not result in
menghasilkan penghentian pengakuan, Perseroan derecognition, the Company provides payment
memberikan masa cuti angsuran dan/atau holiday and/or tenor extention to the consumer but
pengunduran jatuh tempo kepada konsumen namun did not change the outstanding of murabahah
tidak mengubah total sisa piutang pembiayaan financing receivables (both principal and margin)
murabahah (baik pokok maupun margin) yang harus that have to be paid by the consumer. The
dibayarkan oleh konsumen. Perseroan mencatat Company records the impact from restructuring
dampak restrukturisasi tersebut secara prospektif, prospectively, by not recognising the amortisation of
dengan tidak mengakui amortisasi marjin serta margin and amortisation of acquisition costs during
amortisasi biaya perolehan pada saat cuti angsuran. the payment holiday. Margin income after
Pendapatan marjin setelah restrukturisasi akan restructuring will be recognised at the margin
diakui sebesar jumlah marjin yang ditentukan dalam amount stated under the new financing terms which
persyaratan pembiayaan baru yang tidak mengubah did not change the outstanding receivables.
total sisa piutang.
f.3. Piutang pembiayaan musyarakah mutanaqisah f.3. Musyarakah mutanaqisah financing receivables
(“MMQ”) (“MMQ”)
Pembiayaan MMQ adalah akad kerjasama yang Musyarakah financing is a partnership contract
terjadi di antara para pemilik modal (mitra among fund’s owners (musyarakah partners) to
musyarakah) untuk menggabungkan modal dan contribute funds and conduct a business on a joint
melakukan usaha secara bersama dalam suatu basis through partnership whereby the ownership
kemitraan dimana bagian kepemilikan mitra pasif interest of the passive partners gradually
menurun secara bertahap sehingga mitra aktif akan decreases, so the active partner will become the full
menjadi pemilik penuh atas usaha tersebut pada owner of the business at the end of the contract
akhir masa akad. term.
Pada awal akad, Perseroan, sebagai mitra pasif, At the inception of the contract, the Company, as
mengakui piutang pembiayaan MMQ sebesar the passive partner, recognises MMQ financing
jumlah biaya yang diserahkan terkait akad tersebut. receivables at the amount of funds disbursed in
Setelah pengakuan awal, piutang pembiayaan connection with the contract. Subsequent to initial
MMQ diakui sebesar pengakuan awal dikurangi recognition, MMQ financing receivable is
dengan jumlah pengembalian dari nasabah (mitra recognised at the initial recognition amount, net of
aktif) serta cadangan kerugian, jika ada. repayments received from the customer (active
partners) and allowance for impairment losses, if
any.
Pendapatan hasil usaha diakui Perseroan sesuai Revenue from business results is recognized by the
kesepakatan dalam akad. Company in accordance with the agreement in the
contract.
Piutang pembiayaan MMQ akan dihapusbukukan MMQ financing receivables will be written-off when
setelah menunggak lebih dari 180 hari. Penerimaan they are overdue for more than 180 days.
dari piutang yang telah dihapusbukukan diakui Recoveries from written-off receivables are
sebagai pendapatan lain-lain pada saat diterima. recognised as other income upon receipt.
29
532 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 535
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
f. Piutang pembiayaan konsumen, piutang f. Consumer financing receivables, murabahah
pembiayaan murabahah, piutang pembiayaan financing receivables, musyarakah mutanaqisah
musyarakah mutanaqisah, dan piutang sewa financing receivables, and finance lease receivables
pembiayaan (lanjutan) (continued)
f.4. Piutang sewa pembiayaan (Perseroan sebagai f.4. Finance lease receivables (the Company as a
pesewa) lessor)
Pembiayaan sewa Perseroan meliputi piutang sewa The Company’s lease financing consists of finance
pembiayaan - konvensional dan Ijarah Muntahiyah lease receivables - conventional and Ijarah
Bittamlik (“IMBT”) - syariah. Muntahiyah Bittamlik (“IMBT”) - sharia.
Pembiayaan sewa - konvensional Finance lease - conventional
Penentuan apakah suatu perjanjian merupakan The determination of whether an arrangement is, or
perjanjian sewa atau perjanjian yang mengandung contains a lease is based on the substance of the
sewa didasarkan atas substansi perjanjian pada arrangement at inception date and whether the
tanggal awal sewa dan apakah pemenuhan fulfillment of the arrangement is dependent on the
perjanjian tergantung pada penggunaan suatu aset use of a specific asset and the arrangement conveys
dan perjanjian tersebut memberikan suatu hak untuk a right to use the asset. Leases are classified as
menggunakan aset tersebut. Suatu sewa finance leases if the leases transfer substantially all
diklasifikasikan sebagai sewa pembiayaan jika sewa the risks and rewards incidental to ownership of the
tersebut mengalihkan secara substansial seluruh leased assets. Leases are classified as operating
risiko dan manfaat yang terkait dengan kepemilikan leases if the leases do not transfer substantially all
aset. Suatu sewa diklasifikasikan sebagai sewa the risks and rewards incidental to ownership of the
operasi jika sewa tidak mengalihkan secara leased assets.
substansial seluruh risiko dan manfaat yang terkait
dengan kepemilikan aset.
Perseroan mengakui aset berupa piutang sewa The Company recognised assets of financial lease
pembiayaan sebesar jumlah yang sama dengan receivable at an amount equal to the net investment
investasi sewa neto. Penerimaan piutang sewa in the lease. Lease payment is treated as repayment
diperlakukan sebagai pembayaran pokok dan of principal and finance lease income. The
penghasilan sewa pembiayaan. Pengakuan recognition of finance lease income is based on a
penghasilan sewa pembiayaan didasarkan pada pattern reflecting a constant periodic rate of return
on the Company’s net investment in the finance
suatu pola yang mencerminkan suatu tingkat
lease.
pengembalian periodik yang konstan atas investasi
neto.
Piutang sewa pembiayaan akan dihapusbukukan Finance lease receivables will be written-off when
setelah menunggak lebih dari 180 hari. Penerimaan they are overdue for more than 180 days.
dari piutang yang telah dihapusbukukan diakui Recoveries from written-off receivables are
sebagai pendapatan lain-lain pada saat diterima. recognised as other income upon receipt.
IMBT - syariah IMBT - sharia
Perseroan mengakui aset IMBT sebesar harga The Company recognises IMBT asset at cost to
perolehan aset IMBT pada saat akad IMBT. Setelah acquire IMBT Assets when the IMBT contract is
pengakuan awal, pokok aset IMBT diamortisasi signed. After initial recognition, principal IMBT asset
secara garis lurus sepanjang masa sewa. is amortised on a straight-line basis over the lease
term.
Pengakuan penghasilan IMBT neto sebesar The recognition of IMBT income, net is based on
angsuran IMBT dikurangi dengan amortisasi pokok installment of IMBT less the amortisation of principal
aset IMBT. IMBT asset.
Aset terkait pembiayaan IMBT akan Asset related to IMBT financing will be written-off
dihapusbukukan setelah menunggak lebih dari 180 when they are overdue for more than 180 days.
hari. Penerimaan dari piutang yang telah Recoveries from written-off receivables are
dihapusbukukan diakui sebagai pendapatan lain- recognised as other income upon receipt.
lain pada saat diterima.
30
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 533
Page 536
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
g. Pembiayaan bersama g. Joint financing
Dalam pembiayaan bersama antara Perseroan dan In joint financing arrangements between the Company
penyedia fasilitas pembiayaan bersama, Perseroan and the joint financing facility provider, the Company has
berhak menentukan tingkat bunga/marjin yang lebih the right to set higher interest rates/margin to consumer
tinggi kepada konsumen dibandingkan tingkat than the interest rates/margin stated in the joint financing
bunga/marjin yang ditetapkan dalam perjanjian agreement with the joint financing facility provider.
pembiayaan bersama dengan penyedia fasilitas
pembiayaan bersama.
Seluruh kontrak pembiayaan bersama yang dilakukan All joint financing contracts entered by the Company are
oleh Perseroan merupakan pembiayaan bersama tanpa joint financing without recourse in which only the
tanggung renteng (without recourse) dimana hanya porsi Company’s financing portion of the total installments is
jumlah angsuran piutang yang dibiayai Perseroan yang recorded as consumer financing receivables and
dicatat sebagai piutang pembiayaan konsumen dan murabahah financing receivables in the statement of
piutang pembiayaan murabahah di laporan posisi financial position (net approach). Consumer financing
keuangan (pendekatan neto). Pendapatan pembiayaan income and murabahah margin income is presented in
konsumen dan pendapatan marjin murabahah disajikan the statement of profit or loss after deducting the portions
di laporan laba rugi setelah dikurangi dengan bagian which belong to other parties participating to these joint
yang merupakan hak pihak-pihak lain yang berpartisipasi financing transactions. The cash flows from joint
pada transaksi pembiayaan bersama tersebut. Arus kas financing arrangement are presented at gross in the
dari pembiayaan bersama disajikan secara bruto di statement of cash flows.
laporan arus kas.
h. Cadangan kerugian penurunan nilai h. Allowance for impairment losses
h.1. Aset keuangan h.1. Financial assets
Piutang pembiayaan konsumen dan piutang Consumer financing receivables and finance
sewa pembiayaan lease receivables
Secara garis besar Perseroan mengukur Overall, the Company measures the loss allowance
penyisihan kerugian aset keuangan sejumlah of financial asset based on expected credit losses
kerugian kredit ekspektasian (“ECL”). Jika pada (“ECL”). If at the reporting date, the credit risk of the
tanggal pelaporan, risiko kredit atas aset keuangan financial assets has not increased significantly since
tidak meningkat secara signifikan sejak pengakuan the initial recognition, the Company measures the
awal, maka Perseroan akan mengukur penyisihan loss allowance for the financial assets using 12-
kerugian untuk aset keuangan tersebut months ECL. If the credit risk of the financial asset
menggunakan ECL 12 bulan. Jika risiko kredit atas has increased significantly, the measurement of the
aset keuangan tersebut telah meningkat secara loss allowance for the financial asset using lifetime
signifikan, maka pengukuran penyisihan kerugian ECL.
untuk aset keuangan tersebut menggunakan ECL
lifetime.
Dalam menghitung ECL, Perseroan In calculating ECL, Company considers time value
memperhitungkan nilai waktu atas uang untuk of money to calculate present value of ECL from
menghitung nilai kini ECL dari tanggal ekpektasi expected default date to reporting date.
default terhadap tanggal pelaporan.
ECL 12 bulan & ECL lifetime 12 Months & Lifetime ECL
ECL 12 bulan adalah ECL yang timbul dari peristiwa 12-month ECL is the ECL that result from default
gagal bayar aset keuangan yang terjadi dalam 12 events on a financial aset within 12 months after the
bulan setelah tanggal pelaporan (atau periode yang reporting date (or a shorter period if the expected
lebih pendek jika umur aset keuangan yang lifetime of the financial asset is less than 12
diharapkan kurang dari 12 bulan). months).
ECL lifetime adalah ECL yang diakibatkan dari Lifetime ECL are the ECL that result from all
semua kejadian default yang mungkin terjadi possible default events over the expected lifetime of
selama perkiraan umur aset keuangan. the financial asset.
31
534 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 537
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
h. Cadangan kerugian penurunan nilai (lanjutan) h. Allowance for impairment losses (continued)
h.1. Aset keuangan (lanjutan) h.1. Financial assets (continued)
Piutang pembiayaan konsumen dan piutang Consumer financing receivables and finance
sewa pembiayaan (lanjutan) lease receivables (continued)
Perseroan mempertimbangkan bahwa kejadian The Company considers that default has occurred
default telah terjadi ketika aset keuangan telah when a financial asset is more than 90 days past
menunggak lebih dari 90 hari atau terdapat due or has reasonable and supportable information
informasi yang wajar dan mendukung bahwa kredit that the credit has been impaired.
telah impaired (gagal bayar).
Staging Criteria Staging Criteria
Aset keuangan harus dialokasikan ke salah satu Financial assets have to be allocated to one of the
dari tiga tahap penurunan nilai (Stage 1, Stage 2, three impairment stages (Stage 1, Stage 2, Stage
Stage 3) dengan menentukan apakah terjadi 3) by determining whether a significant increase in
peningkatan risiko kredit yang signifikan atas aset credit risk has occurred on financial asset since
keuangan sejak pengakuan awal atau apakah initial recognition or whether the facility is defaulted
fasilitas tersebut gagal bayar pada tanggal on the reporting date.
pelaporan.
Stage 1: mencakup aset keuangan yang tidak Stage 1: includes financial assets that have not had
memiliki peningkatan signifikan atas risiko kredit a significant increase in credit risk since initial
sejak pengakuan awal atau memiliki risiko kredit recognition or that have low credit risk at the
rendah pada tanggal pelaporan. Untuk aset ini, ECL reporting date. For these assets, 12-month ECL are
12 bulan akan dihitung. recognized.
Aset keuangan yang dikategorikan sebagai Stage 1 Financial assets categorised as Stage 1 is financial
adalah aset keuangan dengan hari tunggakan assets with days overdue less or equal than 30
kurang atau sama dengan 30 hari. days.
Stage 2: mencakup aset keuangan yang Stage 2: includes financial assets that have had a
mengalami peningkatan signifikan atas risiko kredit, significant increase in credit risk but do not have
namun tidak memiliki bukti penurunan nilai yang objective evidence of impairment. For these assets,
obyektif. Untuk aset ini, ECL lifetime dihitung. lifetime ECL are recognized.
Aset keuangan yang dianggap telah mengalami Financial assets considered to experience
peningkatan risiko kredit yang signifikan dan significant increase in credit risk and categorised as
dikategorikan sebagai Stage 2 adalah aset Stage 2 is financial assets with days overdue 31-90
keuangan dengan hari tunggakan dari 31-90 hari. days. Financial instrument that has proposed
Aset keuangan yang telah mengajukan program restructure program, will be considered to
restrukturisasi, juga dianggap telah mengalami experience significant increase in credit risk, so will
peningkatan risiko kredit yang signifikan sehingga be categorised minimum as Stage 2 during certain
akan dikategorikan minimal sebagai Stage 2 period.
selama periode tertentu.
Stage 3: mencakup aset keuangan yang memiliki Stage 3: includes financial assets that have
bukti obyektif penurunan nilai pada tanggal objective evidence of impairment at the reporting
pelaporan. Tahap ini berisi debitur yang telah date. This stage consist of obligors that has already
impaired (gagal bayar) atau aset keuangan dengan impaired (defaulted) or financial assets with days
hari tunggakan lebih dari 90 hari. overdue more than 90 days.
Faktor utama dalam menentukan apakah aset The key factor in determining whether a financial
keuangan memerlukan ECL 12 bulan (Stage 1) assets needs 12-month (Stage 1) or lifetime ECL
atau ECL lifetime (Stage 2) disebut dengan kriteria (Stage 2) is called by the criteria of Significant
Peningkatan Signifikan dalam Risiko Kredit (SICR). Increase in Credit Risk (SICR). Determining
Penentuan kriteria peningkatan risiko kredit yang significant increase in credit risk (SICR) criteria
signifikan (SICR) memerlukan pengkajian apakah involves assessment of whether there has been a
telah terjadi peningkatan risiko kredit yang significant increase in credit risk at reporting date.
signifikan pada tanggal pelaporan.
32
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 535
Page 538
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
h. Cadangan kerugian penurunan nilai (lanjutan) h. Allowance for impairment losses (continued)
h.1. Aset keuangan (lanjutan) h.1. Financial assets (continued)
Piutang pembiayaan konsumen dan piutang Consumer financing receivables and finance
sewa pembiayaan (lanjutan) lease receivables (continued)
Pengukuran kerugian kredit ekspektasian di seluruh The measurement of expected credit losses across
tahapan aset diperlukan untuk mencerminkan all stages is required to reflect an unbiased and
jumlah yang tidak bias dan rata-rata probabilitas probability weighted amount that is determined by
tertimbang yang ditentukan dengan mengevaluasi evaluating a range of reasonably possible outcomes
serangkaian kemungkinan yang dapat terjadi using reasonable and supportable information
menggunakan informasi yang wajar dan dapat about past events, current conditions and forecasts
didukung dengan peristiwa di masa lampau, kondisi of future economic conditions.
saat ini dan proyeksi terkait dengan kondisi
ekonomis di masa depan.
PSAK 109 mensyaratkan penyertaan informasi SFAS 109 requires inclusion of information about
tentang kejadian masa lalu, kondisi saat ini dan past events, current conditions and forecasts of
perkiraan kondisi ekonomi masa depan. Perkiraan future economic conditions. The estimates of
perubahan dalam kerugian kredit yang diharapkan changes in expected credit losses should reflect,
harus mencerminkan, dan secara langsung and be directionally consistent with, changes in
konsisten dengan, perubahan dalam data terkait related observable data from period to period. The
yang diobservasi dari periode ke periode. calculation of ECL requires estimation of forward-
Perhitungan ECL ini membutuhkan estimasi looking Probability of Default (PD), Loss Given
forward looking dari Probability of Default (PD), Default (LGD), Exposure At Default (EAD) and
Loss Given Default (LGD), Exposure At Default Macro-Economic Variables (MEV). Management
(EAD), dan Macro-Economic Variables (MEV). may consider applying post-model adjustments
Manajemen dapat melakukan penyesuaian di luar (management overlay) to respond to risks that are
model (management overlay) untuk menanggapi not fully accommodated by the ECL model.
risiko yang tidak sepenuhnya diakomodasi oleh
model ECL.
Probability of Default (PD) Probability of Default (PD)
Adalah probabilitas konsumen mengalami gagal Is the probability that a consumer will default in
bayar dimana terjadi pada suatu waktu tertentu. PD which happened at certain time. PD used in SFAS
yang digunakan di dalam PSAK 109 adalah PD 109 is point in time PD which represent PD at a
point in time yang menggambarkan PD yang terjadi certain economy condition. PD is calculated until
pada suatu kondisi ekonomi. PD yang dihitung next 12 months after reporting period (12 months
sampai dengan periode 12 bulan dari tanggal PD), is used to calculate ECL from assets
laporan (PD 12 bulan) digunakan untuk perhitungan categorised as Stage 1, while PD calculated during
ECL dari aset yang dikategorikan Stage 1, the lifetime of assets (Lifetime PD), is used to
sementara PD yang dihitung sepanjang umur aset calculate ECL from assets categorised as Stage 2
(PD lifetime) digunakan untuk perhitungan ECL dari and 3.
aset yang dikategorikan Stage 2 dan 3.
Loss Given Default (LGD) Loss Given Default (LGD)
Kerugian yang diperkirakan akan timbul dari The loss that is expected to arise on default
konsumen yang mengalami gagal bayar dengan consumer, incorporating the impact of relevant
memperhitungkan dampak dari asumsi kondisi forward looking economic assumptions, which
ekonomi di masa mendatang yang relevan dimana represents the difference between the contractual
hal ini menggambarkan perbedaan antara arus cash flows due and those that the Company
kas kontraktual yang jatuh tempo dengan arus kas expects to receive. The Company estimates LGD
yang diharapkan untuk diterima. Perseroan based on the historical recovery of default
mengestimasikan LGD berdasarkan data historis consumer during observation period by considering
dari tingkat pemulihan dari akun yang gagal bayar the payment received and the recovery of any
selama periode observasi dengan collateral of financial assets, taking into account
memperhitungkan tingkat pembayaran yang forward looking economic assumptions (if relevant).
diterima serta pemulihan yang berasal dari
jaminan terhadap aset keuangan dengan
mempertimbangkan asumsi ekonomi di masa
depan (jika relevan).
33
536 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 539
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
h. Cadangan kerugian penurunan nilai (lanjutan) h. Allowance for impairment losses (continued)
h.1. Aset keuangan (lanjutan) h.1. Financial assets (continued)
Piutang pembiayaan konsumen dan piutang Consumer financing receivables and finance
sewa pembiayaan (lanjutan) lease receivables (continued)
Exposure At Default (EAD) Exposure At Default (EAD)
Perkiraan nilai buku pada saat gagal bayar dengan The expected balance sheet exposure at the time
mempertimbangkan profil arus kas aset keuangan of default, taking into account the cash flow profile
selama umur aset keuangan. Hal ini juga of financial assets during the life time of the
memperhitungkan pembayaran, baik pokok dan financial assets. This incorporates the impact of
bunga. repayments, both principal and interest.
Macro-Economic Variables (MEV) Macro-Economic Variables (MEV)
MEV merupakan salah satu komponen utama MEV is one of main component in determining the
dalam menentukan perkiraan kondisi ekonomi di expected economy condition in the future and
masa mendatang, dimana Perseroan melakukan reviewed regularly by the Company. MEV such as
evaluasi secara reguler. Adapun MEV, seperti gross domestic product (GDP), inflation rate,
produk domestik bruto (PDB), tingkat inflasi, tingkat 3-month deposit rate, consumer price index (CPI),
suku bunga deposito 3 bulan, indeks harga unemployment rate, and exchange rate are used as
konsumen (IHK), tingkat pengangguran, dan nilai factor to perform adjustment on PD and LGD related
tukar mata uang asing digunakan sebagai faktor to impact of change of economy condition in the
untuk melakukan penyesuaian terhadap PD dan future, in which the MEV used is based on several
LGD terkait dampak perubahan kondisi ekonomi di scenarios (normal, good and bad) and ECL will be
masa mendatang, dimana MEV yang digunakan calculated by considering the probability assigned
adalah berdasarkan beberapa skenario (normal, for each scenario.
baik dan buruk) dan perhitungan ECL akan
mempertimbangkan probabilitas yang ditetapkan
untuk masing-masing skenario.
Pembiayaan murabahah, MMQ dan IMBT Murabahah financing, MMQ and IMBT
Pada setiap tanggal pelaporan, Perseroan At each reporting date, the Company evaluates
mengevaluasi apakah terdapat bukti objektif telah whether there is objective evidence that the
terjadinya penurunan nilai atas aset keuangan Company's financial assets are impaired. Financial
Perseroan. Aset keuangan mengalami penurunan assets are impaired when objective evidence
nilai jika bukti objektif menunjukkan bahwa peristiwa demonstrates that a loss event has occurred after
yang merugikan telah terjadi setelah pengakuan the initial recognition of the financial assets, and that
awal aset keuangan, dan peristiwa tersebut loss event has an impact on the future cash flows on
berdampak pada arus kas masa datang atas aset the financial assets that can be estimated reliably.
keuangan yang dapat diestimasi secara handal.
Bukti objektif bahwa aset keuangan mengalami Objective evidence that financial assets are
penurunan nilai meliputi wanprestasi atau impaired can include default or delinquency by a
tunggakan pembayaran oleh debitur, restrukturisasi borrower, restructuring of a loan if the borrower have
piutang jika debitur mengalami kesulitan keuangan, financial difficulties, indications that a borrower will
indikasi bahwa debitur akan dinyatakan pailit, atau enter into bankruptcy, or other observable data
data yang dapat diobservasi lainnya yang terkait relating to a group of assets such as adverse
dengan kelompok aset keuangan seperti changes in the payment status of borrowers in the
memburuknya status pembayaran debitur dalam group, or economic conditions that correlate with
kelompok tersebut, atau kondisi ekonomi yang defaults in the group of assets.
berkorelasi dengan wanprestasi atas aset dalam
kelompok tersebut.
34
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 537
Page 540
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
h. Cadangan kerugian penurunan nilai (lanjutan) h. Allowance for impairment losses (continued)
h.1. Aset keuangan (lanjutan) h.1. Financial assets (continued)
Pembiayaan murabahah, MMQ dan IMBT Murabahah financing, MMQ and IMBT
(lanjutan) (continued)
Perseroan menentukan bukti penurunan nilai atas The Company determines evidence of impairment
piutang pembiayaan murabahah, MMQ dan aset for murabahah financing receivables, MMQ and
terkait pembiayaan IMBT secara kolektif karena asset related to IMBT financing at a collective level
manajemen yakin bahwa piutang pembiayaan because the management believes that these
murabahah, MMQ dan aset terkait pembiayaan murabahah financing receivables, MMQ and asset
IMBT ini memiliki karakteristik risiko kredit yang related to IMBT financing have similar credit risk
serupa. characteristics.
Dalam mengevaluasi penurunan nilai secara In assessing collective impairment, the Company
kolektif, Perseroan menggunakan model statistik uses statistical modeling (vintage method) of
(metode vintage) dari tren historis atas probabilitas historical trends of the probability of default, timing
wanprestasi, waktu pemulihan kembali dan jumlah of recoveries and the amount of loss incurred,
kerugian yang terjadi, yang disesuaikan dengan adjusted using management's judgment as to
pertimbangan manajemen mengenai apakah whether current economic and credit conditions
kondisi ekonomi dan kredit terkini dapat may cause the actual losses which are likely to be
mengakibatkan kerugian aktual yang jumlahnya greater or less than suggested by historical
akan lebih besar atau lebih kecil daripada jumlah modeling. Probability of default and loss given
yang ditentukan oleh model historis. Probabilitas default are regularly updated to ensure that the
wanprestasi dan tingkat kerugian jika terjadi estimates remain appropriate.
wanprestasi akan diperbaharui secara berkala
untuk memastikan estimasi tersebut masih
memadai.
Ketika peristiwa yang terjadi setelah penurunan When a subsequent event causes the amount of
nilai diakui menyebabkan kerugian penurunan nilai impairment loss to decrease, and the decrease can
berkurang, dan penurunan dapat dikaitkan secara be related objectively to an event occuring after the
obyektif dengan peristiwa yang terjadi setelah impairment was recognised, the impairment loss is
penurunan nilai diakui, kerugian penurunan nilai reversed through the statement of profit or loss.
yang sebelumnya harus dipulihkan dan pemulihan
tersebut diakui pada laporan laba rugi.
h.2. Aset non-keuangan h.2. Non-financial assets
Pada setiap akhir periode pelaporan, Perseroan At the end of each reporting period, the Company
menelaah apakah terdapat indikasi bahwa aset review whether there is any impairment indicator
tersebut telah mengalami penurunan nilai. Jika exist. If any such indicator exists, the Company will
terdapat indikasi tersebut, Perseroan akan estimate the assets recoverable amount and
mengestimasi jumlah terpulihkan aset dan compare to its carrying value. Assets are
membandingkannya dengan nilai tercatatnya. Aset considered as impaired when the carrying value of
dianggap mengalami penurunan nilai apabila nilai asset exceed the recoverable amount.
tercatat aset melebihi jumlah terpulihkan.
Nilai yang dapat diperoleh kembali dari suatu aset The recoverable amount of an asset or cash
adalah sebesar jumlah yang lebih tinggi antara nilai generating unit is the greater of its value in use or
pakainya dan nilai wajar aset dikurangi biaya untuk its fair value less costs to sell. In assessing value
menjual. Dalam mengukur nilai pakai, estimasi in use, the estimated future cash flows
arus kas masa depan didiskontokan ke nilai arediscounted to their present value using a pre-
sekarang dengan menggunakan tingkat diskonto tax discount rate that reflects current market
sebelum pajak yang mencerminkan penilaian assessments of the time value of money and the
pasar saat ini terhadap nilai kas kini dan risiko risks specific to the asset.
spesifik terhadap aset tersebut.
35
538 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 541
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
i. Instrumen derivatif untuk tujuan manajemen risiko i. Derivative instrument for risk management purposes
Seluruh instrumen derivatif yang dimiliki Perseroan All derivative instruments held by the Company are for
digunakan untuk tujuan manajemen risiko. Instrumen risk management purposes. These derivative
derivatif ini digunakan untuk lindung nilai eksposur risiko instruments are used to hedge the Company’s exposures
suku bunga dan risiko mata uang Perseroan. Instrumen to interest rate risk and currency risk. Derivative
derivatif untuk tujuan manajemen risiko diukur pada nilai instruments held for risk management are measured at
wajar dalam laporan posisi keuangan. Untuk memenuhi fair value in the statement of financial position. To qualify
persyaratan akuntansi lindung nilai, beberapa kriteria for hedge accounting, certain criteria are to be met,
tertentu harus dipenuhi, termasuk adanya dokumentasi including formal documentation to be in place at the
formal pada awal lindung nilai dan dokumentasi apakah inception of the hedge also documentation whether the
instrumen lindung nilai tersebut efektif dalam saling hedging instrument is effective in offsetting changes in
hapus antara perubahan nilai wajar atau arus kas dari fair values or cash flows of the hedged item attributable
item lindung nilaian. to the hedged risk.
Pada penetapan awal lindung nilai, Perseroan On initial designation of the hedge, the Company formally
mendokumentasikan secara formal hubungan antara documents the relationship between the hedging
instrumen lindung nilai dan unsur yang dilindung nilai, instruments and hedged items, including the risk
termasuk tujuan manajemen risiko dan strategi dalam management objective and strategy in undertaking the
melaksanakan transaksi lindung nilai, bersamaan hedge transaction, together with the method that will be
dengan metode yang akan digunakan untuk menilai used to assess the effectiveness of the hedging
efektivitas hubungan lindung nilai. Perseroan menilai, relationship. The Company makes an assessment, both
pada awal hubungan lindung nilai dan juga secara at the inception of the hedge relationship as well as on
berkesinambungan, apakah instrumen lindung nilai an ongoing basis, whether the hedging instruments are
diharapkan akan ‘sangat efektif’ dalam rangka saling expected to be ‘highly effective’ in offsetting the changes
hapus atas perubahan nilai wajar atau perubahan arus in the fair value or cash flows of the respective hedged
kas dari unsur yang dilindung nilai sepanjang periode items during the period for which the hedge is
dimana lindung nilai tersebut ditetapkan. designated.
Bagian efektif dari perubahan nilai wajar derivatif diakui The effective portion of changes in the fair value of
dalam penghasilan komprehensif lain. Keuntungan atau derivatives is recognized in other comprehensive
kerugian yang terkait dengan bagian yang tidak efektif income. The gain or loss relating to the ineffective portion
diakui dalam laba rugi. is recognized in profit or loss.
Perseroan menetapkan derivatif sebagai instrumen The Company designates derivative as the hedging
lindung nilai atas arus kas di mana instrumen tersebut instruments of cash flows hedges where the instrument
melindungi variabilitas arus kas yang dapat diatribusikan hedges the variability in cash flows attributable to a
pada risiko tertentu yang terkait dengan liabilitas yang particular risk associated with a recognised liability that
dapat mempengaruhi laba atau rugi. Bagian efektif dari could affect profit or loss. The effective portion of
perubahan nilai wajar derivatif yang ditetapkan sebagai changes in the fair value of derivative designated as
instrumen lindung nilai atas arus kas ditangguhkan pada hedging instruments of cash flows hedges is deferred to
pos (kerugian)/keuntungan kumulatif atas instrumen the cumulative (losses)/gains on derivative instruments
derivatif untuk lindung nilai arus kas, yang merupakan for cash flows hedges, which forms part of equity. Any
bagian dari ekuitas. Bagian yang tidak efektif diakui ineffective portion is recognised immediately in the
secara langsung pada laporan laba rugi. Jumlah yang statement of profit or loss. Amounts deferred in equity
ditangguhkan dalam ekuitas direklasifikasi ke dalam are reclassified to the statement of profit or loss as a
laporan laba rugi dalam periode yang sama dimana arus reclassification adjustment in the same period as the
kas yang dilindung nilai mempengaruhi laba atau rugi, hedged cash flows affect profit or loss, and in the same
dan pada pos yang sama dalam laporan laba rugi. line item in the statement of profit or loss.
Ketika instrumen lindung nilai kadaluarsa atau dijual, When the hedging instrument expires or sold,
dihentikan, dilaksanakan, atau tidak lagi memenuhi terminated, exercised, or no longer qualifies for hedge
kriteria akuntansi lindung nilai, keuntungan atau kerugian accounting, the cumulative amount deferred in equity
kumulatif yang ditangguhkan di ekuitas tetap diakui pada remains in the cumulative (losses)/gains on derivative
pos (kerugian)/keuntungan kumulatif atas instrumen instruments for cash flows hedges, and is subsequently
derivatif untuk lindung nilai arus kas dan direklasifikasi reclassified to the statement of profit or loss when the
ke laporan laba rugi ketika unsur yang dilindung nilai hedged item is recognised in the statement of profit or
diakui dalam laporan laba rugi. loss.
Ketika suatu prakiraan transaksi lindung nilai tidak lagi When a forecast hedged transaction is no longer
diharapkan akan terjadi, jumlah yang ditangguhkan expected to occur, the amount deferred in equity is
dalam ekuitas diakui segera dalam laporan laba rugi. recognised immediately in the statement of profit or loss.
36
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 539
Page 542
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
j. Beban dibayar dimuka j. Prepaid expenses
Beban dibayar dimuka diamortisasi selama masa Prepaid expenses are amortised over the period of
manfaat dengan menggunakan metode garis lurus. benefits using the straight-line method.
Beban dibayar dimuka berupa sewa dan renovasi Prepaid expenses for rent and building renovation for
bangunan sewa diamortisasi selama masa sewa. rental offices are amortised over the period of rent.
k. Investasi dalam saham k. Investment in shares
Investasi dalam saham diklasifikasikan sebagai aset Investment in shares are classified as financial assets
keuangan yang diukur pada nilai wajar melalui measured at fair value through other comprehensive
penghasilan komprehensif lain karena Perseroan tidak income since the Company has no significant influence to
memiliki pengaruh signifikan terhadap investee. investee.
Dividen kas yang diterima atas investasi dalam saham Cash dividends received from investment in shares is
diakui sebagai pendapatan lain-lain. recognised as other income.
l. Aset tetap l. Fixed assets
Aset tetap pada awalnya dinyatakan sebesar harga Fixed assets are initially recognised at acquisition cost.
perolehan. Setelah pengukuran awal, aset tetap diukur After initial measurement, fixed assets are measured
dengan model biaya, dicatat pada harga perolehan using the cost model, carried at cost less any
dikurangi akumulasi penyusutan dan akumulasi accumulated depreciation and accumulated impairment
penurunan nilai. losses.
Harga perolehan mencakup harga pembelian dan Acquisition cost includes purchase price and any costs
semua beban yang terkait secara langsung untuk directly attributable to bring the assets to the location and
membawa aset tersebut ke lokasi dan kondisi yang condition necessary for it to be capable of operating in
diperlukan untuk memungkinkan aset tersebut the manner intended by management.
beroperasi sebagaimana ditentukan oleh manajemen.
Tanah dinyatakan sebesar harga perolehan dan tidak Land is stated at cost and not depreciated.
disusutkan.
Penyusutan aset tetap selain tanah dihitung dengan Depreciation of fixed assets other than land are
menggunakan metode garis lurus untuk mengalokasikan calculated on the straight-line method to allocate their
harga perolehan hingga mencapai nilai sisa sepanjang cost to their residual values over their estimated useful
estimasi masa manfaatnya sebagai berikut: lives as follows:
Tahun/ Persentase/
Years Percentage
Bangunan 20 5,00% Buildings
Perabotan, perlengkapan dan Furniture, fixtures and
peralatan kantor 3-5 20,00% - 33,33% office equipment
Kendaraan bermotor 5 20,00% Motor vehicles
Beban perbaikan dan pemeliharaan dibebankan ke Repairs and maintenance are charged to the statement
dalam laporan laba rugi pada periode dimana beban- of profit or loss during the period in which they are
beban tersebut terjadi. Pengeluaran yang incurred. Expenditures that extend the future life of
memperpanjang masa manfaat aset atau yang assets or provide further economic benefits are
memberikan tambahan manfaat ekonomis dikapitalisasi capitalised and depreciated.
dan disusutkan.
Jumlah tercatat aset tetap dihentikan pengakuannya The carrying amount of fixed assets is derecognised
pada saat pelepasan atau ketika tidak terdapat lagi upon disposal or when there is no longer a future
manfaat ekonomi masa depan yang diekspektasikan dari economic benefit expected from their use or disposal.
penggunaan atau pelepasannya.
Apabila aset tetap dihentikan pengakuannya (tidak When fixed assets are derecognised (retired or disposed
digunakan lagi atau dijual), maka nilai tercatat dan of), their carrying values and the related accumulated
akumulasi penyusutannya dikeluarkan dari laporan depreciation are removed from the statement of financial
posisi keuangan, dan keuntungan atau kerugian yang position, and the resulting gains or losses are recognised
terjadi diakui dalam laporan laba rugi tahun berjalan. in the current year statement of profit or loss.
37
540 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 543
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
l. Aset tetap (lanjutan) l. Fixed assets (continued)
Akumulasi beban konstruksi aset tetap dikapitalisasi The accumulated costs of the construction of fixed
sebagai aset dalam penyelesaian. Beban tersebut assets are capitalised as construction in progress. These
direklasifikasi ke aset tetap pada saat proses konstruksi costs are reclassified to fixed assets when the
selesai dan siap digunakan. Penyusutan mulai construction is completed and ready for their intended
dibebankan pada tanggal yang sama. use. Depreciation is charged from such date.
Apabila nilai tercatat aset tetap lebih besar dari nilai yang When the carrying amount of fixed assets is greater than
dapat dipulihkan, nilai tercatat aset tersebut diturunkan its estimated recoverable amount, it is written down to its
menjadi sebesar nilai yang dapat dipulihkan kembali, recoverable amount which is determined at the higher of
yang ditentukan sebagai nilai tertinggi antara harga jual net selling price or value in use.
neto dan nilai pakai.
Pada setiap akhir tahun, nilai residu, umur manfaat dan At the end of each year, residual values, useful lives and
metode penyusutan dikaji ulang dan disesuaikan secara method of depreciation are reviewed and adjusted
prospektif jika diperlukan. prospectively, if appropriate.
m. Aset tak berwujud m. Intangible assets
Aset tak berwujud terdiri dari perangkat lunak yang dibeli Intangible assets consist of software acquired by the
oleh Perseroan. Perangkat lunak pada awalnya Company. Software is initially recognised at acquisition
dinyatakan sebesar harga perolehan. Setelah cost. After initial recognition, intangible assets are
pengakuan awal, aset tak berwujud diukur measured using cost model, stated at cost less
menggunakan model biaya, dicatat sebesar biaya accumulated amortisation and accumulated impairment
perolehannya dikurangi akumulasi amortisasi dan losses.
akumulasi kerugian penurunan nilai.
Pengeluaran selanjutnya untuk perangkat lunak Subsequent expenditure on software assets is
akan dikapitalisasi hanya jika pengeluaran capitalised only when it increases the future economic
tersebut menambah manfaat ekonomi di masa benefits embodied in the specific asset to which it relates.
mendatang untuk aset yang bersangkutan. All other expenditures are expensed as incurred.
Semua pengeluaran lainnya dibebankan pada
saat terjadinya.
Amortisasi diakui dalam laporan laba rugi dengan Amortisation is recognised in the statement of profit or
menggunakan metode garis lurus sepanjang loss on a straight-line method over the estimated useful
estimasi masa manfaatnya, dimulai dari tanggal life of the software, from the date that it is available for
perangkat lunak tersebut tersedia untuk dipakai. use. The estimated useful life of software is five years.
Estimasi masa manfaat perangkat lunak adalah
lima tahun.
Metode amortisasi, estimasi masa manfaat dan nilai Amortisation method, useful lives and residual values are
residual ditelaah pada setiap akhir tahun pelaporan dan reviewed at each financial year-end and adjusted
disesuaikan secara prospektif jika diperlukan. prospectively, if required.
n. Pengakuan pendapatan dan beban n. Income and expense recognition
n.1. Pendapatan pembiayaan konsumen, marjin n.1. Consumer financing income, murabahah
murabahah, bagi hasil MMQ, pendapatan sewa margin, MMQ profit distribution, finance leases
pembiayaan, pendapatan bunga dan beban income, interest income and interest expenses
bunga
Pendapatan pembiayaan konsumen, marjin Consumer financing income, murabahah margin,
murabahah, bagi hasil MMQ, pendapatan sewa MMQ profit distribution, finance leases income
pembiayaan (konvensional), pendapatan bunga (conventional), interest income and interest
dan beban bunga diakui dengan menggunakan expense are recognised using the effective interest
metode suku bunga efektif. Pendapatan sewa method. Finance leases income (sharia) from ijarah
pembiayaan (syariah) yang berasal dari aset ijarah muntahiyah bittamlik assets is recognised over the
muntahiyah bittamlik diakui selama masa akad term of contract using straight line method.
menggunakan metode garis lurus.
38
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 541
Page 544
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
n. Pengakuan pendapatan dan beban (lanjutan) n. Income and expense recognition (continued)
n.1. Pendapatan pembiayaan konsumen, marjin n.1. Consumer financing income, murabahah
murabahah, bagi hasil MMQ, pendapatan sewa margin, MMQ profit distribution, finance leases
pembiayaan, pendapatan bunga dan beban income, interest income and interest expenses
bunga (lanjutan) (continued)
Perseroan mendapatkan komisi dari asuransi The Company earns commissions from the
kendaraan bermotor yang dibayar oleh konsumen. insurance of motor vehicles which is paid by the
Perlakuan akuntansi untuk pendapatan komisi consumer. The accounting treatment for the
asuransi tersebut sama seperti perlakuan insurance commission income is the same as
akuntansi untuk biaya transaksi yang teratribusi accounting treatment for transaction costs which
langsung (lihat Catatan 2d). are directly attributable (see Note 2d).
Pengakuan beban provisi yang dibayar dimuka Upfront fees related to the borrowings and issuance
sehubungan dengan pinjaman yang diterima costs of debt securities are deferred and amortised
dan beban emisi efek utang yang diterbitkan over the terms of the related borrowings and debt
ditangguhkan dan diamortisasi selama jangka securities issued using the effective interest
waktu pinjaman yang diterima dan efek utang yang method and are recorded as part of interest
diterbitkan tersebut dengan menggunakan metode expenses and financing charges.
suku bunga efektif dan dicatat sebagai bagian dari
beban bunga dan keuangan.
Pendapatan marjin pembiayaan murabahah diakui Margin income from murabahah financing is
berdasarkan metode anuitas selama jangka waktu recognised using the annuity method over the term
kontrak. of the respective contracts.
n.2. Pendapatan lain-lain n.2. Other income
Pendapatan administrasi adalah pendapatan atas Administration income is income from consumer
jasa pembiayaan konsumen, pembiayaan financing, murabahah financing or finance lease
murabahah atau sewa pembiayaan yang ditagihkan services that are charged to consumers when
kepada debitur pada saat fasilitas pembiayaan financing facilities are approved and/or installment
disetujui dan/atau pada saat jatuh tempo angsuran. due date. Administration income are recognised
Pendapatan administrasi diakui selama jangka over the term of financing.
waktu pembiayaan.
Pendapatan denda keterlambatan dikenakan Late charges income charged to overdue
kepada konsumen yang menunggak diakui pada consumers is recognised when realised.
saat realisasi.
Pendapatan pinalti dikenakan kepada konsumen Penalty income charged to consumers who
yang menyelesaikan kontrak sebelum masa terminated their contracts before financing period
pembiayaan berakhir diakui pada saat realisasi. ends is recognised when realised.
o. Imbalan kerja o. Employees’ benefits
o.1. Imbalan kerja jangka pendek o.1. Short-term employees’ benefits
Imbalan kerja jangka pendek diakui pada saat Short-term employees’ benefits are recognised
terutang kepada karyawan berdasarkan metode when they are owed to the employees based on an
akrual. accrual method.
o.2. Imbalan kerja jangka panjang dan imbalan o.2. Long-term and post-employment benefit
pasca-kerja
Imbalan kerja jangka panjang dan imbalan Long-term and post-employment benefit, such as
pasca-kerja, seperti pensiun, uang pesangon, uang pension, severance pay, service pay and other
penghargaan dan imbalan lainnya, dihitung benefits, are calculated in accordance with
berdasarkan “Peraturan Perseroan”. “Company Regulation”.
Perseroan menerapkan PSAK 219 “Imbalan Kerja”. The Company applies SFAS 219 “Employee
Benefits”.
39
542 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 545
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
o. Imbalan kerja (lanjutan) o. Employees’ benefits (continued)
o.2. Imbalan kerja jangka panjang dan imbalan o.2. Long-term and post-employment benefit
pasca-kerja (lanjutan) (continued)
Kewajiban imbalan pasca-kerja yang diakui di The obligation for post-employment benefit
laporan posisi keuangan dihitung berdasarkan nilai recognised in the statement of financial position is
kini dari estimasi kewajiban imbalan pasca-kerja di calculated at present value of estimated future
masa depan yang timbul dari jasa yang telah benefits that the employees have earned in return
diberikan oleh karyawan pada masa kini dan masa for their services in the current and prior years,
lalu, dikurangi dengan nilai wajar aset neto dana deducted by any plan assets. The calculation is
pensiun. Perhitungan dilakukan oleh aktuaris performed by an independent actuary using the
independen dengan metode Projected Unit Credit. Projected Unit Credit method.
Ketika imbalan pasca-kerja berubah, porsi kenaikan When the post-employment benefit change, the
atau penurunan imbalan sehubungan dengan jasa portion of the increased or decreased benefits
yang telah diberikan oleh karyawan pada masa lalu relating to past services by employees is charged
dibebankan atau dikreditkan ke dalam laporan laba or credited to the statement of profit or loss. To the
rugi. Imbalan pasca-kerja yang telah menjadi hak extent that the benefits vest immediately, the
karyawan diakui segera sebagai beban dalam expense is recognised immediately in the
laporan laba rugi. statement of profit or loss.
Pengukuran kembali terdiri dari: Remeasurement comprising:
• keuntungan atau kerugian aktuarial yang • Actuarial gains or losses arising from
timbul dari penyesuaian dan perubahan dalam experience adjustments and changes in
asumsi-asumsi aktuarial; actuarial assumptions;
• dampak atas aset (jika ada); dan • the effect of the asset ceiling (if applicable); and
• imbal hasil atas aset program (tidak termasuk • the return on plan asset (excluding interest)
bunga)
langsung diakui melalui penghasilan atau beban are recognised immediately to other
komprehensif lainnya pada tahun terjadinya yang comprehensive income or expense in the year in
tercermin segera dalam “saldo laba”. which they occur that reflected immediately in
“retained earnings”.
Perseroan memiliki program pensiun imbalan pasti, The Company has a defined benefit pension
dimana sebagian pelaksanaan program tersebut program, in which part of the implementation of the
berasal dari iuran yang dibayarkan Perseroan program is made through contributions paid by the
kepada Dana Pensiun Lembaga Keuangan (DPLK). Company to a Financial Institution Pension Fund
Iuran tersebut dihitung berdasarkan persentase (DPLK). Such contributions are calculated at a
tertentu dari penghasilan tetap karyawan yang certain percentage of fixed income of employees
memenuhi kriteria yang ditetapkan oleh Perseroan. who meet the Company’s criteria. The contributions
Iuran diakui sebagai beban dalam laporan laba rugi are charged to the statement of profit or loss in
sesuai kesepakatan. accordance with the agreed terms.
o.3. Imbalan kerja jangka panjang lainnya o.3. Other long-term employment benefit
Perseroan memberikan imbalan kerja jangka The Company provides other long-term
panjang lainnya berupa tunjangan cuti besar yang employment benefit in the form of long service
ditentukan sesuai dengan Peraturan Perseroan. leave award which is determined in compliance with
Tunjangan cuti besar diperkirakan tidak akan the Company’s Regulation. The long service leave
diselesaikan seluruhnya dalam waktu 12 bulan award are not expected to be settled wholly within
setelah tanggal laporan posisi keuangan dimana 12 months after the statement of financial position
karyawan memberikan jasa terkait. Kewajiban ini date in which the employees render the related
diukur sebagai nilai kini dari perkiraan pembayaran service. These obligations are measured as the
di masa depan yang akan dibuat sehubungan present value of future payments to be made in
dengan jasa yang diberikan oleh karyawan hingga respect of services provided by employees up to the
akhir periode pelaporan dengan menggunakan end of the reporting period using Projected Unit
metode Projected Unit Credit dan dihitung Credit method and are calculated minimum once a
minimum satu tahun sekali oleh aktuaris year by an independent actuary.
independen.
40
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 543
Page 546
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
o. Imbalan kerja (lanjutan) o. Employees’ benefits (continued)
o.4. Pesangon pemutusan kontrak kerja o.4. Termination benefits
Pesangon pemutusan kontrak kerja terutang ketika Termination benefits are payable when the
karyawan dihentikan kontrak kerjanya sebelum employment of an employee is terminated before
usia pensiun normal. Perseroan mengakui the normal retirement age. The Company
pesangon ketika Perseroan menunjukkan recognises termination benefits when it
komitmennya untuk memutuskan kontrak kerja demonstrates its commitment to terminate the
dengan karyawan berdasarkan suatu rencana employment of employees according to a detailed
formal terperinci yang kecil kemungkinannya untuk formal plan and the possibility to withdraw the plan
dibatalkan. Pesangon yang akan dibayarkan dalam is remote. Benefits falling due more than 12 months
waktu lebih dari 12 bulan setelah tanggal laporan after the statement of financial position date are
posisi keuangan didiskontokan untuk discounted to reflect its present value.
mencerminkan nilai kini.
p. Utang obligasi p. Bonds payable
Obligasi yang diterbitkan dicatat sebesar nilai nominal Bonds issued are presented at nominal value net of
dikurangi saldo diskonto yang belum diamortisasi. unamortised discounts. Issuance costs in connection
Biaya emisi sehubungan dengan penerbitan obligasi with the bonds issuance are recognised as discounts and
diakui sebagai diskonto dan dikurangkan langsung dari directly deducted from the proceeds of bonds issuance
hasil emisi untuk menentukan hasil emisi neto obligasi to determine the net proceeds of the bonds issued.
yang diterbitkan tersebut.
Utang obligasi diukur pada biaya perolehan Bonds payable issued are measured at amortised cost
diamortisasi dengan menggunakan metode suku bunga using effective interest method after initial recognition.
efektif setelah pengakuan awalnya. Diskonto The discounts are amortised over the period of the bonds
diamortisasi selama jangka waktu obligasi tersebut using the effective interest method (see Note 2n.1).
dengan menggunakan metode suku bunga efektif (lihat
Catatan 2n.1).
q. Perpajakan q. Taxation
Beban pajak terdiri dari beban pajak kini dan beban Income tax expense comprises of current and deferred
pajak tangguhan. Beban pajak diakui pada laporan laba tax. Income tax expense is recognised in the statement
rugi kecuali untuk bagian yang langsung diakui di of profit or loss except to the extent it relates to items
komponen ekuitas lainnya, dimana beban pajak yang recognised directly in other equity components, in which
terkait dengan bagian tersebut diakui di penghasilan case it is recognised in other comprehensive income.
komprehensif lain.
Beban pajak kini adalah hutang pajak yang ditentukan Current tax expense is the expected tax payable on the
berdasarkan laba kena pajak untuk tahun yang taxable income for the current year which is calculated
bersangkutan yang dihitung berdasarkan tarif pajak using tax rates enacted or substantively enacted at
yang berlaku atau yang secara substansial telah berlaku reporting date.
pada tanggal pelaporan.
Perseroan menerapkan metode aset dan liabilitas The Company adopts the asset and liability method in
dalam menghitung beban pajaknya. Dengan metode ini, determining its income tax expense. Under this method,
aset dan liabilitas pajak tangguhan diakui setiap tanggal deferred tax assets and liabilities are recognised at each
pelaporan sebesar perbedaan temporer aset dan reporting date for temporary differences between the
liabilitas untuk tujuan akuntansi dan tujuan pajak. accounting and tax bases of assets and liabilities. This
Metode ini juga mengharuskan pengakuan manfaat method also requires the recognition of future tax
pajak di masa akan datang, seperti kompensasi rugi benefits, such as tax loss carry forwards, to the extent
fiskal, jika kemungkinan realisasi manfaat tersebut di that realisation of such benefits is probable. Currently
masa mendatang cukup besar (probable). Tarif pajak enacted or substantially enacted tax rates at the year of
yang berlaku atau yang secara substansial telah berlaku deferred tax assets or liabilities realised, are used in the
pada tahun realisasi aset dan liabilitas pajak tangguhan, determination of deferred income tax.
digunakan dalam menentukan pajak penghasilan
tangguhan.
Aset pajak tangguhan diakui apabila terdapat Deferred tax assets are recognised only if it is probable
kemungkinan besar bahwa jumlah laba fiskal pada that future taxable profit will be available to compensate
masa datang akan memadai untuk mengkompensasi the temporary differences which resulted in such
perbedaan temporer yang menimbulkan aset pajak deferred tax assets.
tangguhan tersebut.
41
544 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 547
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
q. Perpajakan (lanjutan) q. Taxation (continued)
Manajemen secara periodik mengevaluasi posisi yang Management periodically evaluates positions taken in
dilaporkan di Surat Pemberitahuan (SPT) Tahunan annual tax return with respect to situations in which
sehubungan dengan situasi di mana aturan pajak yang applicable tax regulation is subject to interpretation.
berlaku membutuhkan interpretasi. Jika perlu, Management establishes provisions where appropriate
manajemen menentukan provisi berdasarkan jumlah on the basis of amounts expected to be paid to the tax
yang diharapkan akan dibayar kepada otoritas pajak. authorities.
Aset pajak kini dan liabilitas pajak kini saling hapus dan Current tax assets and current tax liabilities shall be
nilai netonya disajikan dalam laporan posisi keuangan offset and the net amount is presented in the statement
jika, dan hanya jika, Perseroan memiliki hak yang of financial position when and only when, the Company
berkekuatan hukum untuk melakukan saling hapus atas has a legal enforceable right to set off the amounts and
jumlah yang telah diakui tersebut dan berniat untuk intends either to settle on a net basis or to realise the
menyelesaikan secara neto atau untuk merealisasikan asset and settle the liability simultaneously.
aset dan menyelesaikan liabilitasnya secara simultan.
q.1. Pajak final q.1. Final tax
Peraturan perpajakan di Indonesia mengatur Tax regulation in Indonesia determined that certain
beberapa jenis penghasilan dikenakan pajak yang taxable income is subject to final tax. Final tax
bersifat final. Pajak final yang dikenakan atas nilai applied on the gross value of transactions is
bruto transaksi tetap dikenakan walaupun atas applied even when the parties carrying the
transaksi tersebut pelaku transaksi mengalami transaction incur losses.
kerugian.
Pajak final tidak termasuk dalam lingkup yang Final tax is not included in the scope of SFAS 212
diatur oleh PSAK 212 “Pajak Penghasilan”. Oleh “Income Taxes”. Therefore, the Company presents
karena itu, Perseroan menyajikan beban pajak final all of the final tax arising from time deposits and
sehubungan dengan deposito dan giro sebagai current account a separate line item.
pos tersendiri.
r. Sukuk mudharabah r. Mudharabah bonds
Perseroan pada awalnya mengakui sukuk mudharabah The Company initially recognises mudharabah bonds on
pada saat sukuk mudharabah diterbitkan sebesar the date of issuance of mudharabah bonds at the
nominalnya. nominal amount.
Biaya transaksi sehubungan dengan penerbitan sukuk Transaction cost related to the issuance of mudharabah
mudharabah diakui secara terpisah dari sukuk bonds are recognised separately from mudharabah
mudharabah. Biaya transaksi diamortisasi menggunakan bonds. Transaction cost are amortised over the term of
metode garis lurus selama jangka waktu sukuk mudharabah bonds using straight-line method and are
mudharabah dan dicatat sebagai bagian dari beban recorded as part of financing charges.
keuangan.
Sukuk mudharabah disajikan sebagai bagian dari Mudharabah bonds are presented as a part of liabilities
liabilitas dan biaya transaksi sehubungan penerbitan and the transaction cost related to the issuance of
sukuk mudharabah disajikan dalam aset sebagai beban mudharabah bonds are presented on assets as a part of
dibayar dimuka. prepaid expenses.
s. Laba per saham s. Earnings per share
Laba per saham dihitung dengan membagi laba tahun Earnings per share are computed by dividing current
berjalan dengan jumlah rata-rata tertimbang jumlah year net income by the weighted average number of
lembar saham yang beredar selama tahun berjalan. outstanding shares during the current year.
Laba per saham untuk kombinasi bisnis entitas Earnings per share for a business combination of entities
sepengendali yang melibatkan pertukaran dalam bentuk under common control that involves an exchange of
saham biasa dihitung dengan membagi laba tahun ordinary shares are computed by dividing current year
berjalan dengan jumlah gabungan rata-rata tertimbang net income by the combined weighted average number
dari saham yang beredar setelah terjadinya kombinasi of outstanding shares after the business combination.
bisnis.
Laba per saham dilusian adalah sama dengan laba per Diluted earnings per share are the same with basic
saham dasar dikarenakan Perseroan tidak memiliki earnings per share as the Company does not have
saham dilusian atau instrumen. dilutive shares or instrument.
42
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 545
Page 548
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
t. Saham treasuri t. Treasury shares
Ketika Perseroan mengakuisisi modal saham ekuitas When the Company acquires the Company’s own equity
Perseroan, imbalan yang dibayarkan, termasuk setiap share capital, the consideration paid, including any
biaya tambahan yang dapat diatribusikan secara directly attributable incremental costs (net of income
langsung (setelah pajak penghasilan), dikurangkan dari taxes), is deducted from equity. In the financial
ekuitas. Dalam laporan keuangan, kepemilikan statements, interests in its own equity instruments are
Perseroan atas instrumen ekuitas milik Perseroan presented as "treasury shares". No gain or loss is
disajikan sebagai "saham treasuri". Tidak ada recognised in profit or loss on the purchase, sale, or
keuntungan atau kerugian yang diakui dalam laba rugi cancellation of the treasury shares. The difference
atas pembelian, penjualan, atau pembatalan saham between the carrying amount and the consideration
treasuri. Selisih antara nilai tercatat dan imbalan received on sale is recognised as additional paid-in
penjualan diakui sebagai tambahan modal disetor. capital.
u. Transaksi dengan pihak berelasi u. Transaction with related parties
Perseroan melakukan transaksi dengan pihak berelasi. The Company has transactions with related parties. The
Sesuai dengan PSAK 224 “Pengungkapan Pihak-Pihak definition of related parties used is in accordance with the
Berelasi”, yang dimaksud dengan pihak yang berelasi SFAS 224 “Related Party Disclosures”, the meaning of
adalah orang atau entitas yang berelasi dengan entitas related party is a person or entity that is related to a
pelapor sebagai berikut: reporting entity as follows:
a. Orang atau anggota keluarga terdekatnya berelasi a. A person or a close member of that person’s family
dengan entitas pelapor jika orang tersebut: is related to a reporting entity if that person:
i. memiliki pengendalian atau pengendalian i. has control or joint control over the reporting
bersama terhadap entitas pelapor; entity;
ii. memiliki pengaruh signifikan terhadap entitas ii. has significant influence over the reporting
pelapor; atau entity; or
iii. personil manajemen kunci entitas pelapor atau iii. is member of the key management personnel of
entitas induk pelapor. the reporting entity or of a parent of the reporting
entity.
b. Suatu entitas berelasi dengan entitas pelapor jika b. An entity is related to a reporting entity if any of the
memenuhi hal-hal sebagai berikut: following conditions applies:
i. entitas dan entitas pelapor adalah anggota dari i. the entity and the reporting entity are members
kelompok usaha yang sama (artinya entitas of the same group (which means that each
induk, entitas anak dan entitas anak berikutnya parent, subsidiary and fellow subsidiary is
terkait dengan entitas lain); related to the others);
ii. suatu entitas adalah entitas asosiasi atau ii. one entity is an associate or joint venture of the
ventura bersama bagi entitas lain (atau entitas other entity (or an associate or joint venture of
asosiasi atau ventura bersama yang member of a company of which the other entity
merupakan anggota suatu kelompok usaha, is a member);
dimana entitas lain tersebut adalah
anggotanya);
iii. kedua entitas tersebut adalah ventura iii. both entities are joint ventures of the same third
bersama dari pihak ketiga yang sama; party;
iv. suatu entitas adalah ventura bersama dari iv. one entity is a joint venture of a third entity and
entitas ketiga dan entitas yang lain adalah the other entity is an associate of the third entity;
entitas asosiasi dari entitas ketiga;
v. entitas tersebut adalah suatu program imbalan v. the entity is a post-employment benefit plan for
pasca-kerja untuk imbalan kerja dari suatu the benefit of employees of either the reporting
entitas pelapor atau entitas yang terkait entity or an entity related to the reporting entity;
dengan entitas pelapor;
vi. entitas yang dikendalikan atau dikendalikan vi. the entity controlled or jointly controlled by a
bersama oleh orang yang diidentifikasi dalam person identified in (a);
butir (a);
vii. orang yang diidentifikasi, dalam butir (a) (i) vii. a person identified in (a) (i) has significant
memiliki pengaruh signifikan terhadap entitas influence over the entity or is a member of the
atau anggota manajemen kunci entitas (atau key management personnel of the entity (or of a
entitas induk dari entitas); parent of the entity);
viii. entitas, atau anggota dari kelompok di mana viii. an entity, or any member of a group of which it is
entitas merupakan bagian dari kelompok a part, that provides key management personnel
tersebut, menyediakan jasa personil services to the reporting entity or it is parent.
manajemen kunci kepada entitas pelapor atau
kepada entitas induk dari entitas pelapor.
43
546 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 549
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
u. Transaksi dengan pihak berelasi (lanjutan) u. Transaction with related parties (continued)
Jenis transaksi dan saldo dengan pihak-pihak berelasi, The nature of transactions and balances of accounts with
yang dilakukan berdasarkan persyaratan usaha pada related parties which are conducted based on
umumnya dan telah disetujui oleh kedua belah pihak, commercial terms and agreed by both parties, whereby
dimana persyaratan tersebut mungkin tidak sama such terms may not be the same as those of the
dengan transaksi lain yang dilakukan dengan pihak- transactions between nonrelated parties, are disclosed in
pihak yang tidak berelasi, diungkapkan dalam catatan the notes to the financial statements.
atas laporan keuangan.
Jenis transaksi dan saldo dengan pihak-pihak berelasi The nature of transactions and balances of accounts with
diungkapkan pada Catatan 39. related parties are disclosed in the Note 39.
v. Penjabaran mata uang asing v. Foreign currency translation
Transaksi-transaksi dalam mata uang asing dijabarkan Transactions denominated in foreign currencies are
ke dalam Rupiah dengan menggunakan kurs yang translated into Rupiah at the exchange rates prevailing
berlaku pada tanggal transaksi. Pada tanggal pelaporan, at the date of the transaction. At the reporting date,
aset dan liabilitas moneter dalam mata uang asing monetary assets and liabilities denominated in foreign
dijabarkan ke dalam Rupiah dengan menggunakan kurs currencies are translated into Rupiah using the
yang berlaku pada tanggal laporan posisi keuangan. exchange rates prevailing at the statement of financial
position date.
Keuntungan dan kerugian selisih kurs yang timbul dari Exchange gains and losses arising from transactions in
transaksi dalam mata uang asing dan dari penjabaran foreign currencies and from the translation of foreign
aset dan liabilitas moneter dalam mata uang asing, diakui currency monetary assets and liabilities are recognised
pada laporan laba rugi tahun berjalan. in the current year statement of profit or loss.
Pada tanggal 31 Desember 2025 dan 2024, kurs nilai As of 31 December 2025 and 2024, the exchange rates
tukar yang digunakan adalah kurs tengah Reuters used are Reuters’ middle rate of Rp16,675 and
masing-masing sebesar Rp16.675 dan Rp16.095 (nilai Rp16,095 (full amount) for 1 United States Dollar (USD)
penuh) untuk 1 Dolar Amerika Serikat (USD) dan and Rp107 and Rp103 (full amount) for 1 Japanese Yen
sebesar Rp107 dan Rp103 (nilai penuh) untuk 1 Yen (JPY), respectively.
Jepang (JPY).
w. Transaksi sewa (Perseroan sebagai penyewa) w. Lease transaction (the Company as a lessee)
Pada tanggal insepsi kontrak, Perseroan menilai apakah At the inception date of a contract, the Company
kontrak merupakan, atau mengandung sewa. Suatu assesses whether the contract is, or contains a lease.
kontrak merupakan, atau mengandung sewa jika kontrak A contract is, or contains a lease if the contract conveys
tersebut memberikan hak untuk mengendalikan the right to control the use of an identified asset for a
penggunaan aset identifikasian selama jangka waktu period of time in exchange for consideration.
tertentu untuk dipertukarkan dengan imbalan.
Untuk menilai apakah kontrak memberikan hak untuk To assess whether a contract conveys the right to control
mengendalikan penggunaan aset identifikasian, the use of an identified asset, the Company shall assess
Perseroan harus menilai apakah: whether:
- Perseroan memiliki hak untuk mendapatkan secara - The Company has the right to substantially obtain all
substansial seluruh manfaat ekonomi dari economic benefit from use of the indentified asset;
penggunaan aset identifikasian; dan and
- Perseroan memiliki hak untuk mengarahkan - The Company has a right to determine the use of
penggunaan aset identifikasian. identified asset.
Pada tanggal permulaan sewa, Perseroan mengakui At the lease commencement date, the Company
aset hak guna dan liabilitas sewa. Pada pengakuan recognises a right-of-use asset and a lease liability. At
awal, aset hak guna diukur sebesar pengakuan awal initial recognition, the right-of-use asset is measured at
liabilitas sewa ditambah total pembayaran sewa yang initial recognition of lease liability plus total lease
telah dilakukan Perseroan sampai dengan tanggal payment that has been paid until inception date. The
insepsi. Aset hak guna diamortisasi dengan right-of-use asset is amortised using straight line method
menggunakan metode garis lurus sepanjang jangka throughout the lease term and recognised as general
waktu sewa dan diakui sebagai beban umum dan and administrative expense.
administrasi.
44
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 547
Page 550
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
w. Transaksi sewa (Perseroan sebagai penyewa) w. Lease transaction (the Company as a lessee)
(lanjutan) (continued)
Liabilitas sewa diukur sebesar nilai kini estimasi biaya The lease liability is measured at the present value of
sewa yang masih harus dibayar oleh Perseroan kepada lease cost that shall be paid by the Company to lessor
pesewa yang didiskontokan dengan menggunakan suku which using the latest series of bond interest rate at
bunga obligasi seri terbaru saat insepsi sewa dengan lease inception with the closest tenor to the lease term
tenor yang paling mendekati masa sewa aset pendasar. of the underlying asset. For underlying assets that the
Untuk aset pendasar yang insepsi sewanya terjadi lease inception occurred before 1 January 2020, the
sebelum 1 Januari 2020, maka Perseroan Company discounted the lease liability using bond
mendiskontokan liabilitas sewa menggunakan suku interest rate of latest series that closest to 1 January
bunga obligasi seri yang terdekat 1 Januari 2020 2020 with closest tenor to the remaining lease term of
dengan tenor yang paling mendekati sisa masa sewa the underlying asset.
aset pendasar.
Bunga atas liabilitas sewa diakui sebagai beban bunga Interest expense from lease liabilites is recognised as
dan keuangan untuk satu periode akuntansi dan interest expense and financing charge for one
menambah saldo liabilitas sewa. accounting period and increase the outstanding lease
liability.
Perseroan memilih untuk tidak menerapkan PSAK 116 The Company opted to not apply SFAS 116 for:
untuk:
- Sewa jangka-pendek; dan - Short term lease; and
- Sewa atas aset yang bernilai rendah dan - Lease for low value asset and;
- Sewa atas aset tak berwujud - Lease for intangible assets
Untuk sewa jangka pendek, sewa aset yang bernilai For short term lease, lease for low value asset and lease
rendah dan sewa atas aset tak berwujud, Perseroan for intangible assets the Company applies the
menerapkan kebijakan akuntansi untuk beban dibayar accounting policy for prepaid expense in accordance
dimuka sesuai dengan Catatan 2.j atau mengakui biaya with Note 2.j or recognises lease expense proportionally
sewa selama periode sewa. Beban ini disajikan sebagai during the lease period. These expenses are presented
bagian dari secara proporsional beban umum dan as part of general and administrative expenses.
administrasi.
x. Segmen operasi x. Operating segments
Segmen operasi adalah suatu komponen dari entitas An operating segment is a component of the entity that
yang terlibat dalam aktivitas bisnis yang mana engages in business activities from which it may earn
memperoleh pendapatan dan menimbulkan beban, revenues and incur expenses, including revenues and
termasuk pendapatan dan beban terkait dengan expenses that relate to transactions with any of the
transaksi dengan komponen lain dari entitas yang entity’s components, whose operating results are
sama, yang hasil operasinya dikaji ulang secara regular reviewed regularly by the chief operating decision maker
oleh pengambil keputusan operasional untuk membuat to make decisions about resources allocated to the
keputusan tentang sumber daya yang dialokasikan segment and assess its performance, and for which
pada segmen tersebut dan menilai kinerjanya, dan discrete financial information is available. The
tersedia informasi keuangan yang dapat dipisahkan. Company’s chief operating decision maker are Board of
Pengambil keputusan operasional Perseroan adalah Directors. Segment results that are reported to the chief
Dewan Direksi. Hasil segmen yang dilaporkan kepada operating decision maker include items directly
pengambil keputusan operasional termasuk bagian attributable to a segment as well as those that can be
yang dapat diatribusikan secara langsung kepada allocated on a reasonable basis.
segmen dan juga yang dapat dialokasikan dengan
basis yang wajar.
Perseroan mengelola kegiatan usahanya dan The Company manages its business activities and
mengidentifikasi segmen yang dilaporkan berdasarkan identifies its segments reported based on product
jenis produk dan wilayah geografis. categories and geographic area.
Perseroan menentukan dan menyajikan segmen The Company determines and presents operating
operasi berdasarkan informasi yang secara internal segments based on the information that is internally
diberikan kepada pengambil keputusan operasional. provided to the chief operating decision maker.
45
548 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 551
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
y. Penggabungan usaha entitas sepengendali y. Business combination under common control
Transaksi penggabungan usaha antara Perseroan dan The business combination between the Company and
MFIN (lihat Catatan 1d) tergolong sebagai transaksi MFIN (see Note 1d) classified as business combination
penggabungan usaha entitas sepengendali. Transaksi under common control transaction. Business
penggabungan usaha antar entitas sepengendali, combination transaction between entities under
berupa pengalihan bisnis termasuk aset maupun common control, in form of business transfer including
liabilitas terkait dalam rangka reorganisasi entitas- the related assets and liabilities in the event of
entitas yang berada dalam suatu kelompok yang sama reorganisation of entities under the same Group does
bukan merupakan perubahan kepemilikan dalam arti not constitute change in ownership by economic
substansi ekonomi. Oleh karena itu, transaksi tersebut substance definition. Therefore, such transaction is
diakui pada jumlah tercatat berdasarkan metode recognised at carrying value under pooling of interest
penyatuan kepemilikan, sebagaimana diatur dalam method, as stipulated in SFAS 338.
PSAK 338.
Laporan keuangan Perseroan untuk periode komparatif The Company's financial statements for the comparative
disajikan kembali secara retrospektif seolah-olah periods are restated retrospectively as if the business
penggabungan usaha telah terjadi sejak tanggal combination had occurred from the date the combining
dimulainya entitas yang bergabung berada dalam entities first came under common control. The effects of
pengendalian yang sama. Dampak dari transaksi, all transactions between the combining entities from that
termasuk saldo dan laba atau rugi resiprokal antar date, including any reciprocal balances, profits, or
entitas yang bergabung sejak tanggal tersebut telah losses, have been fully eliminated.
dieliminasi sepenuhnya.
Kebijakan akuntansi yang seragam diterapkan pada Uniform accounting policies are applied across the
entitas yang bergabung tersebut. Penyesuaian combining entities. Adjustments to the carrying amounts
terhadap jumlah tercatat hanya dilakukan untuk are made only to conform the accounting policies of the
menyesuaikan kebijakan akuntansi entitas yang combining entities to the policies adopted by the
bergabung dengan kebijakan akuntansi yang combined entity.
diterapkan oleh entitas hasil kombinasi.
3. PENGGUNAAN ESTIMASI DAN PERTIMBANGAN 3. USE OF ESTIMATES AND JUDGMENTS
Pengungkapan ini merupakan tambahan atas pembahasan These disclosures supplement the financial risk
tentang manajemen risiko keuangan (lihat Catatan 40). management disclosures (see Note 40).
a. Sumber utama ketidakpastian estimasi a. Key sources of estimation uncertainty
a.1. Cadangan kerugian penurunan nilai aset a.1. Allowance for impairment losses on financial
keuangan assets
Evaluasi atas kerugian penurunan nilai aset Evaluation for impairment on financial assets which
keuangan berupa piutang pembiayaan konsumen, are consumer financing receivables, murabahah
piutang pembiayaan murabahah, piutang financing receivables, MMQ financing receivables
pembiayaan MMQ dan piutang sewa pembiayaan and finance lease receivabes are described in Note
dijelaskan di Catatan 2h.1. 2h.1.
a.2. Penentuan dan pengukuran nilai wajar a.2. Determination and measurement of fair values
Dalam menentukan nilai wajar atas aset keuangan In determining the fair value for financial assets and
dan liabilitas keuangan dimana tidak terdapat financial liabilities for which there is no observable
harga pasar yang dapat diobservasi, Perseroan market price, the Company uses the valuation
menggunakan teknik penilaian seperti dijelaskan techniques as described in Note 2d.6. For financial
pada Catatan 2d.6. Untuk instrumen keuangan instruments that are traded infrequently and have
yang jarang diperdagangkan dan tidak memiliki less price transparency, the fair value is less
harga yang transparan, nilai wajarnya menjadi objective, and requires varying degrees of judgment
kurang objektif dan karenanya, membutuhkan depending on liquidity, concentration, uncertainty of
tingkat pertimbangan (judgment) yang beragam, market factors, pricing assumptions and other risks
tergantung pada likuiditas, konsentrasi, affecting the specific instrument.
ketidakpastian faktor pasar, asumsi penentuan
harga dan risiko lainnya yang mempengaruhi
instrumen tertentu.
46
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 549
Page 552
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. PENGGUNAAN ESTIMASI DAN PERTIMBANGAN 3. USE OF ESTIMATES AND JUDGMENTS (continued)
(lanjutan)
a. Sumber utama ketidakpastian estimasi (lanjutan) a. Key sources of estimation uncertainty (continued)
a.2. Penentuan dan pengukuran nilai wajar (lanjutan) a.2. Determination and measurement of fair values
Untuk investasi dalam saham dimana investee For investment in shares where the investee is a
merupakan entitas privat, Perseroan menggunakan private entity, the Company uses valuation
teknik penilaian yang meliputi input yang tidak techniques that include inputs that are not based on
didasarkan pada data pasar yang dapat observable market data to estimate the fair value.
diobservasi untuk mengestimasi nilai wajar. Note 41 provides detailed information about the
Catatan 41 memberikan informasi yang rinci carrying amounts of investment in shares and the
mengenai nilai tercatat investasi dalam saham dan key assumptions used in the determination of the
asumsi utama yang digunakan dalam menentukan fair value.
nilai wajar.
a.3. Pensiun a.3. Pension
Program-program pensiun ditentukan berdasarkan Pension programs are determined based on
perhitungan aktuarial. Perhitungan aktuarial actuarial valuation. The actuarial valuation involves
menggunakan asumsi-asumsi seperti tingkat assumptions such as discount rate, expected rate
diskonto, tingkat pengembalian aset program, of returns on plan assets, salary increase rate,
tingkat kenaikan penghasilan, tingkat kematian, mortality rate, resignation rate, and others.
tingkat pengunduran diri, dan lain-lain.
b. Pertimbangan akuntansi yang penting dalam b. Critical accounting judgments in applying the
menetapkan kebijakan akuntansi Perseroan Company’s accounting policies
Pertimbangan akuntansi yang penting dalam Critical accounting judgments made in applying the
menetapkan kebijakan akuntansi Perseroan meliputi Company’s accounting policies include valuation of
penilaian instrumen keuangan. financial instruments.
Kebijakan akuntansi Perseroan untuk pengukuran nilai The Company’s accounting policy on fair value
wajar dibahas di Catatan 2d.6. measurements is discussed in Note 2d.6.
Perseroan mengukur nilai wajar dengan menggunakan The Company measures fair values using the following
hirarki dari metode berikut ini: hierarchy of methods:
• Tingkat 1 • Level 1
Harga kuotasi di pasar yang aktif untuk instrumen Quoted market price in an active market for
keuangan yang sejenis. an identical instrument.
• Tingkat 2 • Level 2
Teknik penilaian berdasarkan input yang dapat Valuation techniques based on observable inputs. This
diobservasi. Termasuk dalam kategori ini adalah category includes instruments valued using quoted
instrumen keuangan yang dinilai dengan market prices in active markets for similar instruments;
menggunakan harga kuotasi di pasar aktif untuk quoted prices for similar instruments in markets that
instrumen yang serupa; harga kuotasi untuk are considered less than active; or other valuation
instrumen keuangan yang serupa di pasar yang techniques where all significant inputs are directly or
kurang aktif; atau teknik penilaian lainnya dimana indirectly observable from market data.
seluruh input signifikan yang digunakan dapat
diobservasi secara langsung ataupun tidak langsung
dari data yang tersedia di pasar.
• Tingkat 3 • Level 3
Teknik penilaian yang menggunakan input signifikan Valuation techniques using significant unobservable
yang tidak dapat diobservasi. Termasuk dalam inputs. This category includes all instruments where
kategori ini adalah semua instrumen keuangan the valuation technique includes inputs not based on
dimana teknik penilaiannya menggunakan input observable data and the unobservable inputs could
yang bukan merupakan data yang dapat diobservasi have a significant effect on the instrument's valuation.
dan input yang tidak dapat diobservasi tersebut This category includes instruments that are valued
dapat memiliki dampak signifikan terhadap penilaian based on quoted prices for similar instruments where
instrumen keuangan. Termasuk dalam kategori ini significant unobservable adjustments or assumptions
adalah instrumen yang dinilai berdasarkan harga are required to reflect differences between the
kuotasi untuk instrumen yang sejenis dimana instruments.
terdapat penyesuaian signifikan yang tidak dapat
diobservasi atau asumsi-asumsi yang diperlukan
untuk mencerminkan selisih antara instrumen
keuangan yang diperbandingkan.
47
550 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 553
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
4. KAS DAN SETARA KAS 4. CASH AND CASH EQUIVALENTS
2024
Disajikan kembali/
2025 - Restated *) -
Kas Cash on hand
Rupiah 77.878 151.952 Rupiah
Dolar AS - 62 US Dollar
77.878 152.014
Kas di bank Cash in banks
Pihak ketiga Third parties
Rupiah Rupiah
PT Bank Central Asia Tbk 111.630 116.356 PT Bank Central Asia Tbk
PT Bank Pan Indonesia Tbk 29.917 20.179 PT Bank Pan Indonesia Tbk
PT Bank BCA Syariah 15.117 120.531 PT Bank BCA Syariah
PT Bank Rakyat Indonesia (Persero) Tbk 13.276 103.901 PT Bank Rakyat Indonesia (Persero) Tbk
PT Bank Negara Indonesia (Persero) Tbk 5.243 7.209 PT Bank Negara Indonesia (Persero) Tbk
PT Bank Mega Tbk 766 55.009 PT Bank Mega Tbk
PT Bank Syariah Indonesia Tbk 416 1.017 PT Bank Syariah Indonesia Tbk
PT Bank Mandiri (Persero) Tbk 35 150.041 PT Bank Mandiri (Persero) Tbk
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Jawa Barat & Banten Tbk 25 50.064 Jawa Barat & Banten Tbk
PT Bank Mayapada Internasional Tbk - 105.704 PT Bank Mayapada Internasional Tbk
PT Bank Permata Tbk PT Bank Permata Tbk
- Unit Usaha Syariah - 50.814 - Sharia Unit
JPMorgan Chase Bank, N.A., - 3.934 JPMorgan Chase Bank, N.A.,
cabang Jakarta Jakarta branch
Lain-lain 289 64.502 Others
176.714 849.261
Dolar Amerika Serikat United States Dollar
PT Bank Central Asia Tbk PT Bank Central Asia Tbk
(lihat Catatan 43) - 601 (see Note 43)
Lain-lain - 97 Others
176.714 849.959
Pihak berelasi Related parties
Rupiah Rupiah
PT Bank Danamon Indonesia Tbk 537.087 928.128 PT Bank Danamon Indonesia Tbk
MUFG Bank, Ltd. (Jakarta) 29.180 29.026 MUFG Bank, Ltd. (Jakarta)
566.267 957.154
Dolar Amerika Serikat United States Dollar
PT Bank Danamon Indonesia Tbk PT Bank Danamon Indonesia Tbk
(lihat Catatan 43) 57 92 (see Note 43)
566.324 957.246
- 820.916 - 1.959.219
Tingkat suku bunga setahun untuk kas di bank dalam Rupiah Interest rates per annum for cash in banks in Indonesian
berkisar 0,75% - 5,50% pada tahun 2025 (2024: 0,75% - Rupiah ranged from 0.75% - 5.50% in 2025 (2024: 0.75% -
6,25%). 6.25%).
Rata-rata tertimbang tingkat suku bunga efektif kas di bank The weighted average effective interest rate of cash in banks
dalam Rupiah per tahun pada tanggal 31 Desember 2025 in Indonesian Rupiah per annum as of 31 December 2025
adalah 1,62% (2024: 3,06%). was 1.62% (2024: 3.06%).
Tidak ada saldo kas dan setara kas yang dibatasi There is no cash and cash equivalents that is restricted as of
penggunaannya pada tanggal 31 Desember 2025 dan 2024. 31 December 2025 and 2024.
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
48
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 551
Page 554
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
4. KAS DAN SETARA KAS (lanjutan) 4. CASH AND CASH EQUIVALENTS (continued)
Lihat Catatan 39 untuk rincian saldo dan transaksi dengan Refer to Note 39 for details of balances and transactions with
pihak berelasi. related parties.
Informasi mengenai klasifikasi dan nilai wajar kas dan setara Information with respect to the classification and fair value of
kas diungkapkan pada Catatan 41. cash and cash equivalents is disclosed in Note 41.
5. PIUTANG PEMBIAYAAN KONSUMEN 5. CONSUMER FINANCING RECEIVABLES
2024
Disajikan kembali/
2025 - Restated *) -
Piutang pembiayaan konsumen - bruto Consumer financing receivables - gross
Pihak ketiga 60.449.755 59.031.468 Third parties
Pihak berelasi 5.516 7.688 Related parties
60.455.271 59.039.156
Pendapatan pembiayaan konsumen
yang belum diakui Unearned consumer financing income
Pihak ketiga (13.751.222) (13.483.414) Third parties
Pihak berelasi (482) (648) Related parties
(13.751.704) (13.484.062)
46.703.567 45.555.094
Dikurangi: Less:
Bagian piutang pembiayaan konsumen yang Portion of consumer financing receivables
dibiayai pihak berelasi - neto (19.560.736) (20.174.580) financed by related party - net
27.142.831 25.380.514
Cadangan kerugian penurunan nilai Allowance for impairment losses
Pihak ketiga (1.389.218) (1.458.810) Third parties
Pihak berelasi (40) (68) Related parties
(1.389.258) (1.458.878)
Piutang pembiayaan konsumen - neto - 25.753.573 - 23.921.636 Consumer financing receivables - net
Pada tanggal 31 Desember 2025, piutang pembiayaan As of 31 December 2025, the gross consumer financing
konsumen bruto di atas termasuk biaya transaksi yang terkait receivables above include transaction costs directly
langsung dengan pemberian pembiayaan konsumen dan attributable to the origination of consumer financing accounts
diskon atas pembelian piutang pembiayaan sebesar and discounts on the purchase of consumer financing
Rp642.929 (2024: Rp929.578) (lihat Catatan 2d.2). receivables amounting to Rp642,929 (2024: Rp929,578) (see
Note 2d.2).
Rata-rata jangka waktu kontrak pembiayaan konsumen pada The average period of consumer financing contracts as of
tanggal 31 Desember 2025 dan 2024 adalah sebagai berikut: 31 December 2025 and 2024 are as follows:
2024
Disajikan kembali/
2025 - Restated *) -
Mobil 50 bulan/months 50 bulan/months Cars
Sepeda motor 29 bulan/months 29 bulan/months Motorcycles
Barang durable 12 bulan/months 12 bulan/months Durable goods
Lainnya 23 bulan/months 22 bulan/months Others
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
49
552 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 555
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. PIUTANG PEMBIAYAAN KONSUMEN (lanjutan) 5. CONSUMER FINANCING RECEIVABLES (continued)
Angsuran piutang pembiayaan konsumen bruto yang akan The installments of gross consumer financing receivables,
diterima dari konsumen sesuai dengan tanggal jatuh tempo which will be collected from consumers in accordance with the
kontraktualnya adalah sebagai berikut: contractual due dates are as follows:
2024
Disajikan kembali/
2025 - Restated *) -
< 1 tahun 29.807.370 29.207.143 < 1 year
1 - 2 tahun 17.707.053 16.960.581 1 - 2 years
> 2 tahun 12.940.848 12.871.432 > 2 years
Jumlah piutang pembiayaan konsumen - bruto 60.455.271 59.039.156 Total consumer financing receivables - gross
- -
Rata-rata tertimbang tingkat suku bunga efektif piutang The weighted average effective interest rate of consumer
pembiayaan konsumen per tahun pada tanggal financing receivables per annum as of 31 December 2025
31 Desember 2025 dan 2024 adalah sebagai berikut: and 2024 are as follows:
2024
Disajikan kembali/
2025 - Restated *) -
Mobil 17,78% 16,67% Cars
Sepeda motor 33,23% 33,33% Motorcycles
Barang durable 58,37% 63,28% Durable goods
Lainnya 33,27% 32,84% Others
Pengelompokan piutang pembiayaan konsumen menurut Classification of consumer financing receivables based on
debitur disajikan pada Catatan 40. debtor is presented in Note 40.
Piutang pembiayaan konsumen bruto berdasarkan jenis Gross consumer financing receivables based on financing
obyek pembiayaan adalah sebagai berikut: object are as follows:
2024
Disajikan kembali/
2025 - Restated *) -
Mobil 23.266.084 24.131.950 Cars
Sepeda motor 23.733.173 22.332.992 Motorcycles
Barang durable 15.232 177.753 Durable goods
Lainnya 13.440.782 12.396.461 Others
- 60.455.271 - 59.039.156
Rincian pendapatan pembiayaan konsumen yang belum Details of unearned consumer financing income are as follows:
diakui adalah sebagai berikut:
2024
Disajikan kembali/
2025 - Restated *) -
Pembiayaan sendiri 10.265.004 9.662.519 Self financing
Dibiayai pihak berelasi 3.486.700 3.821.543 Financed by related parties
- 13.751.704 - 13.484.062
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
50
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 553
Page 556
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. PIUTANG PEMBIAYAAN KONSUMEN (lanjutan) 5. CONSUMER FINANCING RECEIVABLES (continued)
Perubahan cadangan kerugian penurunan nilai adalah The movements of the allowance for impairment losses were
sebagai berikut: as follows:
2024
Disajikan kembali/
2025 - Restated *) -
Saldo pada awal tahun Balance at beginning of year
Pihak ketiga 1.458.810 1.270.483 Third parties
Pihak berelasi 68 107 Related parties
1.458.878 1.270.590
Penyisihan/(pemulihan) selama tahun berjalan Provision/(reversal) during the year
Pihak ketiga 1.897.441 1.946.901 Third parties
Pihak berelasi (28) (39) Related parties
1.897.413 1.946.862
3.356.291 3.217.452
Penghapusan piutang Receivables written-off
Pihak ketiga (1.967.033) (1.979.110) Third parties
Penambahan dari penggabungan usaha - 220.536 Additions from merger
Saldo pada akhir tahun - 1.389.258 - 1.458.878 Balance at end of year
Piutang pembiayaan konsumen dievaluasi untuk penurunan Consumer financing receivables are evaluated for impairment
nilai atas dasar seperti yang dijelaskan pada Catatan 2h.1. on the basis described in Note 2h.1.
Piutang pembiayaan konsumen yang telah direstrukturisasi Restructured consumer financing receivables as of
pada tanggal 31 Desember 2025 sebesar Rp201.736 (2024: 31 December 2025 amounted to Rp201,736 (2024:
Rp330.560). Rp330,560).
Sebagai jaminan atas piutang pembiayaan konsumen For the collateral to the vehicle consumer financing
kendaraan bermotor yang diberikan, Perseroan menerima receivables, the Company received the Certificates of
jaminan dari konsumen berupa Bukti Pemilikan Kendaraan Ownership (“BPKB”) of the vehicles financed by the
Bermotor (“BPKB”) atas kendaraan bermotor yang dibiayai Company.
Perseroan.
Manajemen berpendapat bahwa jumlah cadangan kerugian Management believes that the allowance for impairment
penurunan nilai yang dibentuk cukup untuk menutup kerugian losses provided is adequate to cover possible losses arising
yang mungkin timbul akibat tidak tertagihnya piutang from uncollectible consumer financing receivables.
pembiayaan konsumen.
Lihat Catatan 39 untuk rincian saldo dan transaksi dengan Refer to Note 39 for details of balances and transactions with
pihak berelasi. related parties.
Informasi mengenai klasifikasi dan nilai wajar piutang Information with respect to the classification and fair value of
pembiayaan konsumen diungkapkan pada Catatan 41. consumer financing receivables is disclosed in Note 41.
Pembiayaan bersama Joint financing
Perseroan melakukan kerjasama pembiayaan bersama The Company entered into joint financing with PT Bank
dengan PT Bank Danamon Indonesia Tbk (Lihat Catatan 39). Danamon Indonesia Tbk (see Note 39).
Pengambilalihan piutang pembiayaan Acquisition of financing receivables
Pada tanggal 7 November 2025, Perseroan telah On 7 November 2025, the Company signed the Deed of
menandatangani Akta Perjanjian Pengalihan Piutang dengan Receivable Transfer Agreement with PT Arthaasia Finance
PT Arthaasia Finance ("AAF") untuk mengakuisisi portofolio ("AAF") to acquire AAF's vehicle loan portofolio with payment
pinjaman kendaraan milik AAF dengan nilai pembayaran of Rp1,063,937 comprising consumer financing receivables of
sebesar Rp1.063.937 yang terdiri atas piutang pembiayaan Rp840,823 and finance lease receivables of Rp223,114. The
konsumen sebesar Rp840.823 dan piutang sewa transaction price represents the fair value of the transferred
pembiayaan sebesar Rp223.114. Nilai transaksi tersebut receivables. Upon initial recognition, the majority of the
mencerminkan nilai wajar piutang yang dialihkan. Pada saat acquired receivables were classified in Stage 1.
pengakuan awal, mayoritas piutang yang dibeli
diklasifikasikan dalam Stage 1.
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
51
554 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 557
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
6. PIUTANG PEMBIAYAAN MURABAHAH 6. MURABAHAH FINANCING RECEIVABLES
2024
Disajikan kembali/
2025 - Restated *) -
Piutang pembiayaan murabahah - bruto Murabahah financing receivables - gross
Pihak ketiga 16.350.893 16.977.444 Third parties
Pihak berelasi 1.899 863 Related parties
16.352.792 16.978.307
Marjin murabahah yang belum diakui Unearned murabahah margin
Pihak ketiga (3.705.232) (3.790.387) Third parties
Pihak berelasi (158) (39) Related parties
(3.705.390) (3.790.426)
12.647.402 13.187.881
Dikurangi: Less:
Bagian piutang pembiayaan murabahah yang Portion of murabahah financing receivables
dibiayai pihak berelasi - neto (6.716.430) (6.266.141) financed by related party - net
5.930.972 6.921.740
Cadangan kerugian penurunan nilai Allowance for impairment losses
Pihak ketiga (395.499) (403.017) Third parties
Pihak berelasi (84) (39) Related parties
(395.583) (403.056)
Piutang pembiayaan murabahah - neto - 5.535.389 - 6.518.684 Murabahah financing receivables - net
Pada tanggal 31 Desember 2025, piutang pembiayaan As of 31 December 2025, the gross murabahah financing
murabahah bruto termasuk biaya transaksi yang terkait receivables include transaction costs directly attributable to
langsung dengan pemberian pembiayaan murabahah the origination of murabahah financing accounts amounted to
sebesar Rp289.886 (2024: Rp323.353) (lihat Catatan 2d.2). Rp289,886 (2024: Rp323,353) (see Note 2d.2).
Rata-rata jangka waktu kontrak pembiayaan murabahah pada The average period of murabahah financing contracts as of
tanggal 31 Desember 2025 dan 2024 adalah sebagai berikut: 31 December 2025 and 2024 are as follows:
2024
Disajikan kembali/
2025 - Restated *) -
Mobil 50 bulan/months 50 bulan/months Cars
Sepeda motor 30 bulan/months 30 bulan/months Motorcycles
Barang durable 13 bulan/months 12 bulan/months Durable goods
Lainnya 38 bulan/months 35 bulan/months Others
Angsuran piutang pembiayaan murabahah bruto yang akan The installments of gross murabahah financing receivables,
diterima dari konsumen sesuai dengan tanggal jatuh tempo which will be collected from consumers in accordance with the
kontraktualnya adalah sebagai berikut: contractual due dates are as follows:
2024
Disajikan kembali/
2025 - Restated *) -
< 1 tahun 7.424.129 7.959.631 < 1 year
1 - 2 tahun 4.820.659 4.905.805 1 - 2 years
> 2 tahun 4.108.004 4.112.871 > 2 years
Jumlah piutang pembiayaan murabahah - bruto - 16.352.792 - 16.978.307 Total murabahah financing receivables - gross
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
52
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 555
Page 558
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
6. PIUTANG PEMBIAYAAN MURABAHAH (lanjutan) 6. MURABAHAH FINANCING RECEIVABLES (continued)
Rata-rata tertimbang marjin efektif piutang pembiayaan The weighted average effective margin of murabahah
murabahah per tahun pada tanggal 31 Desember 2025 dan financing receivables per annum as of 31 December 2025 and
2024 adalah sebagai berikut: 2024 are as follows:
2024
Disajikan kembali/
2025 - Restated *) -
Mobil 17,01% 17,13% Cars
Sepeda Motor 32,40% 32,63% Motorcycles
Barang durable 52,46% 57,02% Durable goods
Lainnya 19,28% 22,29% Others
Pengelompokan piutang pembiayaan murabahah menurut Classification of murabahah financing receivables based on
debitur disajikan pada Catatan 40. debtor is presented in Note 40.
Piutang pembiayaan murabahah bruto berdasarkan jenis Gross murabahah financing receivables based on financing
obyek pembiayaan adalah sebagai berikut: object are as follows:
2024
Disajikan kembali/
2025 - Restated *) -
Mobil 9.111.316 9.660.803 Cars
Sepeda motor 7.235.876 7.275.543 Motorcycles
Barang durable 3.880 38.708 Durable goods
Lainnya 1.720 3.253 Others
- 16.352.792 - 16.978.307
Rincian marjin murabahah yang belum diakui adalah sebagai Details of unearned murabahah margin are as follows:
berikut:
2024
Disajikan kembali/
2025 - Restated *) -
Pembiayaan sendiri 2.226.284 2.407.535 Self financing
Dibiayai pihak berelasi 1.479.106 1.382.891 Financed by related parties
- 3.705.390 - 3.790.426
Perubahan cadangan kerugian penurunan nilai adalah The movements of the allowance for impairment losses were
sebagai berikut: as follows:
2024
Disajikan kembali/
2025 - Restated *) -
Saldo pada awal tahun Balance at beginning of year
Pihak ketiga 403.017 292.095 Third parties
Pihak berelasi 39 13 Related parties
403.056 292.108
Penyisihan selama tahun berjalan Provision during the year
Pihak ketiga 500.433 561.382 Third parties
Pihak berelasi 45 26 Related parties
500.478 561.408
903.534 853.516
Penghapusan piutang Receivables written-off
Pihak ketiga (507.951) (560.091) Third parties
Penambahan dari penggabungan usaha - 109.631 Additions from merger
Saldo pada akhir tahun - 395.583 - 403.056 Balance at end of year
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
53
556 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 559
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
6. PIUTANG PEMBIAYAAN MURABAHAH (lanjutan) 6. MURABAHAH FINANCING RECEIVABLES (continued)
Piutang pembiayaan murabahah dievaluasi untuk penurunan Murabahah financing receivables are evaluated for
nilai atas dasar seperti yang dijelaskan pada Catatan 2h.1. impairment on the basis described in Note 2h.1.
Piutang pembiayaan murabahah yang telah direstrukturisasi Restructured murabahah financing receivables as of
pada tanggal 31 Desember 2025 sebesar Rp187.527 (2024: 31 December 2025 amounted to Rp187,527 (2024:
Rp103.373). Rp103,373).
Sebagai jaminan atas piutang pembiayaan murabahah For the collateral to the vehicle murabahah financing
kendaraan bermotor yang diberikan, Perseroan menerima receivables, the Company received the Certificates of
jaminan dari konsumen berupa Bukti Pemilikan Kendaraan Ownership (“BPKB”) of the vehicles financed by the
Bermotor (“BPKB”) atas kendaraan bermotor yang dibiayai Company.
Perseroan.
Manajemen berpendapat bahwa jumlah cadangan kerugian Management believes that the allowance for impairment
penurunan nilai yang dibentuk cukup untuk menutup losses provided is adequate to cover possible losses arising
kerugian yang mungkin timbul akibat tidak tertagihnya from uncollectible murabahah financing receivables.
piutang pembiayaan murabahah.
Lihat Catatan 39 untuk rincian saldo dan transaksi dengan Refer to Note 39 for details of balances and transactions with
pihak berelasi. related parties.
Informasi mengenai klasifikasi dan nilai wajar piutang Information with respect to the classification and fair value of
pembiayaan murabahah diungkapkan pada Catatan 41. murabahah financing receivables is disclosed in Note 41.
Pembiayaan bersama Joint financing
Perseroan melakukan kerjasama pembiayaan bersama The Company entered into joint financing with PT Bank
dengan PT Bank Danamon Indonesia Tbk (lihat Catatan 39). Danamon Indonesia Tbk (see Note 39).
7. PIUTANG PEMBIAYAAN MUSYARAKAH 7. MUSYARAKAH MUTANAQISAH FINANCING
MUTANAQISAH RECEIVABLES
2024
Disajikan kembali/
2025 - Restated *) -
Piutang pembiayaan musyarakah Musyarakah mutanaqisah financing
mutanaqisah - bruto 1.015.677 1.509.485 receivables - gross
Bagi hasil musyarakah mutanaqisah yang Unearned musyarakah mutanaqisah
belum diakui (189.935) (300.870) profit distribution
825.742 1.208.615
Cadangan kerugian penurunan nilai (82.263) (57.207) Allowance for impairment losses
Piutang pembiayaan musyarakah Musyarakah mutanaqisah financing
mutanaqisah - neto - 743.479 - 1.151.408 receivable - net
Pada tanggal 31 Desember 2025, piutang pembiayaan As of 31 December 2025, the gross musyarakah mutanaqisah
musyarakah mutanaqisah bruto termasuk biaya/(pendapatan) financing receivables include transaction costs/(fees) directly
transaksi yang terkait langsung dengan pemberian attributable to the origination of murabahah financing accounts
pembiayaan musyarakah mutanaqisah sebesar (Rp27.648) amounted to (Rp27,648) (2024: (Rp41,051)) (see Note 2d.2).
(2024: (Rp41.051)) (lihat Catatan 2d.2).
Pada tanggal 31 Desember 2025 dan 2024, piutang As of 31 December 2025 and 2024, musyarakah mutanaqisah
pembiayaan musyarakah mutanaqisah terdiri atas kontrak financing receivables consist of contracts with multipurpose
dengan obyek pembiayaan multiguna. financing objects.
Rata-rata jangka waktu kontrak pembiayaan musyarakah The average period of musyarakah mutanaqisah financing
mutanaqisah pada tanggal 31 Desember 2025 adalah 16 contracts as of 31 December 2025 are 16 months (2024: 17
bulan (2024: 17 bulan). months).
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
54
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 557
Page 560
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. PIUTANG PEMBIAYAAN MUSYARAKAH 7. MUSYARAKAH MUTANAQISAH FINANCING
MUTANAQISAH (lanjutan) RECEIVABLES (continued)
Angsuran piutang pembiayaan musyarakah mutanaqisah The installments of gross musyarakah mutanaqisah financing
bruto yang akan diterima dari konsumen sesuai dengan receivables, which will be collected from consumers in
tanggal jatuh tempo kontraktualnya adalah sebagai berikut: accordance with the contractual due dates are as follows:
2024
Disajikan kembali/
2025 - Restated *) -
< 1 tahun 718.195 1.249.092 < 1 year
1 - 2 tahun 219.344 221.534 1 - 2 years
> 2 tahun 78.138 38.859 > 2 years
Jumlah piutang pembiayaan murabahah - bruto - 1.015.677 - 1.509.485 Total murabahah financing receivables - gross
Rata-rata tertimbang bagi hasil efektif piutang pembiayaan The weighted average effective profit distribution of
musyarakah mutanaqisah per tahun pada tanggal musyarakah mutanaqisah financing receivables per annum
31 Desember 2025 adalah 41,12% (2024: 40,48%). as of 31 December 2025 are 41.12% (2024: 40.48%).
Pengelompokan piutang pembiayaan musyarakah Classification of musyarakah mutanaqisah financing
mutanaqisah menurut debitur disajikan pada Catatan 40. receivables based on debtor is presented in Note 40.
Perubahan cadangan kerugian penurunan nilai adalah The movements of the allowance for impairment losses were
sebagai berikut: as follows:
2024
Disajikan kembali/
2025 - Restated *) -
Saldo pada awal tahun 57.207 - Balance at beginning of year
Penyisihan selama tahun berjalan 151.342 56.056 Provision during the year
208.549 56.056
Penghapusan piutang (126.286) (36.338) Receivables written-off
Penambahan dari penggabungan usaha - 37.489 Additions from merger
Saldo pada akhir tahun - 82.263 - 57.207 Balance at end of year
Piutang pembiayaan musyarakah mutanaqisah dievaluasi Musyarakah mutanaqisah financing receivables are
untuk penurunan nilai atas dasar seperti yang dijelaskan evaluated for impairment on the basis described in Note 2h.1.
pada Catatan 2h.1.
Piutang pembiayaan musyarakah mutanaqisah yang telah Restructured musyarakah mutanaqisah financing receivables
direstrukturisasi pada tanggal 31 Desember 2025 sebesar as of 31 December 2025 amounted to Rp9,518 (2024:
Rp9.518 (2024: Rp136). Rp136).
Sebagai jaminan atas piutang pembiayaan musyarakah For the collateral to the vehicle murasyarakah mutanaqisah
mutanaqisah kendaraan bermotor yang diberikan, Perseroan financing receivables, the Company received the Certificates
menerima jaminan dari konsumen berupa Bukti Pemilikan of Ownership (“BPKB”) of the vehicles financed by the
Kendaraan Bermotor (“BPKB”) atas kendaraan bermotor Company.
yang dibiayai Perseroan.
Manajemen berpendapat bahwa jumlah cadangan kerugian Management believes that the allowance for impairment
penurunan nilai yang dibentuk cukup untuk menutup losses provided is adequate to cover possible losses arising
kerugian yang mungkin timbul akibat tidak tertagihnya from uncollectible musyarakah mutanaqisah financing
piutang pembiayaan musyarakah mutanaqisah. receivables.
Informasi mengenai klasifikasi dan nilai wajar piutang Information with respect to the classification and fair value of
pembiayaan musyarakah mutanaqisah diungkapkan pada musyarakah mutanaqisah financing receivables is disclosed
Catatan 41. in Note 41.
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
55
558 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 561
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
8. PIUTANG SEWA PEMBIAYAAN 8. FINANCE LEASE RECEIVABLES
2024
Disajikan kembali/
2025 - Restated *) -
Konvensional 1.734.465 1.506.907 Conventional
Syariah 1.377.322 728.492 Sharia
Piutang sewa pembiayaan - 3.111.787 - 2.235.399 Finance leases receivables
Konvensional: Conventional:
2024
Disajikan kembali/
2025 - Restated *) -
Piutang sewa pembiayaan - bruto 2.005.713 1.749.944 Finance leases receivables - gross
Nilai residu yang terjamin 611.627 563.230 Guaranteed residual value
Pendapatan sewa pembiayaan yang
belum diakui (203.370) (200.793) Unearned finance lease income
Simpanan jaminan (611.627) (563.230) Security deposits
1.802.343 1.549.151
Cadangan kerugian penurunan nilai (67.878) (42.244) Allowance for impairment losses
Piutang sewa pembiayaan - neto - 1.734.465 - 1.506.907 Finance leases receivables - net
Syariah: Sharia:
2024
Disajikan kembali/
2025 - Restated *) -
Aset IMBT 2.257.665 1.075.770 Asset IMBT
Akumulasi penyusutan (830.510) (315.068) Accumulated Depreciation
Cadangan kerugian penurunan nilai (49.833) (32.210) Allowance for impairment losses
Aset IMBT - neto - 1.377.322 - 728.492 Asset IMBT - net
Pada tanggal 31 Desember 2025, piutang sewa pembiayaan As of 31 December 2025, the gross finance lease receivables
bruto termasuk biaya transaksi yang terkait langsung dengan include transaction costs directly attributable to the origination
pemberian pembiayaan sewa sebesar Rp37.583 (2024: of finance lease accounts amounting to Rp37,583 (2024:
Rp17.538) (lihat Catatan 2d.2). Rp17,538) (see Note 2d.2).
Rata-rata jangka waktu kontrak sewa pembiayaan pada The average period of finance lease contracts as of
tanggal 31 Desember 2025 dan 2024 adalah sebagai berikut: 31 December 2025 and 2024 are as follows:
2024
Disajikan kembali/
2025 - Restated *) -
Mobil 37 bulan/months 38 bulan/months Cars
Sepeda motor 26 bulan/months 27 bulan/months Motorcycles
Lainnya 21 bulan/months 22 bulan/months Others
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
56
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 559
Page 562
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
8. PIUTANG SEWA PEMBIAYAAN (lanjutan) 8. FINANCE LEASE RECEIVABLES (continued)
Angsuran piutang sewa pembiayaan bruto yang akan The installments of gross finance lease receivables, which
diterima dari konsumen sesuai dengan tanggal jatuh tempo will be collected from consumers in accordance with the
kontraktualnya adalah sebagai berikut: contractual due dates are as follows:
2024
Disajikan kembali/
2025 - Restated *) -
< 1 tahun 2.030.770 1.431.553 < 1 year
1 - 2 tahun 895.135 745.100 1 - 2 years
> 2 tahun 506.963 333.993 > 2 years
Jumlah piutang sewa pembiayaan - bruto - 3.432.868 - 2.510.646 Total finance lease receivables - gross
Rata-rata tertimbang tingkat suku bunga efektif piutang sewa The weighted average effective interest rates of finance lease
pembiayaan (konvensional) per tahun pada tanggal receivables (conventional) per annum as of 31 December
31 Desember 2025 dan 2024 adalah sebagai berikut: 2025 and 2024 are as follows:
2024
Disajikan kembali/
2025 - Restated *) -
Mobil 11,11% 10,48% Cars
Sepeda Motor 30,35% 26,36% Motorcycles
Alat berat dan lainnya 12,33% 13,72% Heavy equipment and others
Pengelompokan piutang sewa pembiayaan menurut debitur Classification of finance lease receivables based on debtor is
disajikan pada Catatan 40. presented in Note 40.
Piutang sewa pembiayaan bruto berdasarkan jenis obyek Gross finance lease receivables based on financing object are
pembiayaan adalah sebagai berikut: as follows:
2024
Disajikan kembali/
2025 - Restated *) -
Mobil 637.638 668.944 Cars
Sepeda motor 1.618 1.616 Motorcycles
Alat berat 862.738 616.529 Heavy equipment
Multiguna 1.930.874 1.223.557 Multipurpose
- 3.432.868 - 2.510.646
Perubahan cadangan kerugian penurunan nilai adalah The movements of the allowance for impairment losses were
sebagai berikut: as follows:
2024
Disajikan kembali/
2025 - Restated *) -
Saldo pada awal tahun 74.454 60.770 Balance at beginning of year
Penyisihan selama tahun berjalan 99.021 51.501 Provision during the year
173.475 112.271
Penghapusan piutang (55.764) (37.817) Receivables written-off
Saldo pada akhir tahun - 117.711 - 74.454 Balance at end of year
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
57
560 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
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PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
8. PIUTANG SEWA PEMBIAYAAN (lanjutan) 8. FINANCE LEASE RECEIVABLES (continued)
Piutang sewa pembiayaan dievaluasi untuk penurunan nilai Finance lease receivables are evaluated for impairment on
atas dasar seperti yang dijelaskan pada Catatan 2h.1. the basis described in Note 2h.1.
Piutang sewa pembiayaan yang telah direstrukturisasi pada Restructured finance lease receivables as of 31 December
tanggal 31 Desember 2025 sebesar Rp28.695 (2024: 2025 amounted to Rp28,695 (2024: Rp9,162).
Rp9.162).
Pada saat perjanjian sewa pembiayaan dimulai, lessee At the time of execution of the finance lease agreements, the
memberikan simpanan jaminan. Simpanan jaminan ini akan lessees pay security deposits. The security deposits are used
digunakan sebagai pembayaran pada akhir masa sewa as the final installment at the end of the finance lease period,
pembiayaan, bila hak opsi dilaksanakan lessee. Apabila if the lessees exercise the option to purchase the leased
lessee tidak melaksanakan hak opsinya untuk membeli aset asset. If the lessees do not exercise the purchase option, the
sewa pembiayaan tersebut maka simpanan jaminan security deposit will be returned to the lessees as long as it
dikembalikan kepada lessee sepanjang memenuhi ketentuan meets the conditions in the finance lease agreements.
dalam perjanjian sewa pembiayaan.
Manajemen berpendapat bahwa jumlah cadangan kerugian Management believes that the allowance for impairment
penurunan nilai yang dibentuk cukup untuk menutup losses provided is adequate to cover possible losses arising
kerugian yang mungkin timbul akibat tidak tertagihnya from uncollectible finance lease receivables.
piutang sewa pembiayaan.
Informasi mengenai klasifikasi dan nilai wajar piutang sewa Information with respect to the classification and fair value of
pembiayaan diungkapkan pada Catatan 41. finance lease receivables is disclosed in Note 41.
Pengambilalihan piutang pembiayaan Acquisition of financing receivables
Pada tanggal 7 November 2025, Perseroan telah On 7 November 2025, the Company signed the Deed of
menandatangani Akta Perjanjian Pengalihan Piutang dengan Receivable Transfer Agreement with PT Arthaasia Finance
PT Arthaasia Finance ("AAF") untuk mengakuisisi portofolio ("AAF") to acquire AAF's vehicle loan portofolio with payment
pinjaman kendaraan milik AAF dengan nilai pembayaran of Rp1,063,937 comprising consumer financing receivables of
sebesar Rp1.063.937 yang terdiri atas piutang pembiayaan Rp840,823 and finance lease receivables of Rp223,114. The
konsumen sebesar Rp840.823 dan piutang sewa transaction price represents the fair value of the transferred
pembiayaan sebesar Rp223.114. Nilai transaksi tersebut receivables. Upon initial recognition, the majority of the
mencerminkan nilai wajar piutang yang dialihkan. Pada saat acquired receivables were classified in Stage 1.
pengakuan awal, mayoritas piutang yang dibeli
diklasifikasikan dalam Stage 1.
9. BEBAN DIBAYAR DIMUKA 9. PREPAID EXPENSES
2024
Disajikan kembali/
2025 - Restated *) -
Pihak ketiga Third parties
Sewa 63.756 55.479 Rent
Renovasi bangunan 19.355 23.768 Building renovation
Tunjangan karyawan 12.315 8.236 Employees’ allowances
Emisi sukuk mudharabah 3.648 2.464 Mudharabah bonds issuance
Lain-lain 69.342 88.354 Others
168.416 178.301
Pihak berelasi Related party
Premi asuransi kesehatan, aset tetap Health, fixed asset and other
dan lainnya 51.222 44.053 insurance premium
Lain-lain 583 134 Others
51.805 44.187
- 220.221 - 222.488
Lihat Catatan 39 untuk rincian saldo dan transaksi dengan Refer to Note 39 for details of balances and transactions with
pihak berelasi. related parties.
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
58
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 561
Page 564
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
10. PIUTANG LAIN-LAIN 10. OTHER RECEIVABLES
2024
Disajikan kembali/
2025 - Restated *) -
Pihak ketiga Third parties
Piutang karyawan 77.213 89.185 Employee receivables
Piutang agen pembayaran 65.182 15.615 Payment channel receivables
Piutang klaim asuransi 10.436 12.865 Insurance claims receivable
Piutang komisi asuransi 4.845 4.255 Insurance commission receivables
Lain-lain - neto 22.975 17.925 Others - net
180.651 139.845
Pihak berelasi Related parties
Piutang komisi asuransi 43.454 37.808 Insurance commission receivables
Piutang karyawan 13.011 16.431 Employee receivables
56.465 54.239
- 237.116 - 194.084
Manajemen berpendapat bahwa jumlah cadangan kerugian Management believes that allowance for impairment losses
penurunan nilai atas piutang lain-lain dari pihak ketiga yang of other receivables from third parties included in “others” as
dimasukkan sebagai “lain-lain” pada tanggal 31 Desember of 31 December 2025 amounting to Rp484 (2024: Rp86), is
2025 sebesar Rp484 (2024: Rp86) cukup untuk menutupi adequate to cover possible losses from uncollectible other
kerugian yang mungkin timbul akibat tidak tertagihnya receivables from third parties.
piutang lain-lain dari pihak ketiga.
Manajemen berpendapat bahwa seluruh piutang lain-lain Management believes that all other receivables are fully
dapat tertagih. collectible.
Lihat Catatan 39 untuk rincian saldo dan transaksi dengan Refer to Note 39 for details of balances and transactions with
pihak berelasi. related parties.
Informasi mengenai klasifikasi dan nilai wajar piutang Information with respect to the classification and fair value of
karyawan, piutang klaim asuransi dan piutang komisi employee receivables, insurance claims receivables and
asuransi diungkapkan pada Catatan 41. insurance commission receivables are disclosed in Note 41.
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
59
562 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 565
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024 as of 31 December 2025 and 2024
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
11. ASET/LIABILITAS DERIVATIF 11. DERIVATIVE ASSETS/LIABILITIES
2024
Disajikan kembali/
2025 - Restated *) -
Aset derivatif Derivative assets
Pihak ketiga Third parties
PT Bank UOB Indonesia 24.062 24.123 PT Bank UOB Indonesia
PT Bank DBS Indonesia 10.741 8.900 PT Bank DBS Indonesia
PT Bank CTBC Indonesia 10.168 7.086 PT Bank CTBC Indonesia
PT Bank Maybank Indonesia Tbk 9.468 6.098 PT Bank Maybank Indonesia Tbk
PT Bank CIMB Niaga Tbk 4.030 3.975 PT Bank CIMB Niaga Tbk
PT Bank OCBC NISP Tbk 1.070 - PT Bank OCBC NISP Tbk
PT Bank ANZ Indonesia - 16.599 PT Bank ANZ Indonesia
PT Bank Permata Tbk - 4.288 PT Bank Permata Tbk
59.539 71.069
Pihak berelasi Related party
PT Bank Danamon Indonesia Tbk 857 - PT Bank Danamon Indonesia Tbk
60.396
- 71.069
-
- -
Liabilitas derivatif Derivative liabilities
Pihak ketiga Third party
PT Bank Maybank Indonesia Tbk 14.774 44.988 PT Bank Maybank Indonesia Tbk
PT Bank CIMB Niaga Tbk 1.025 24.372 PT Bank CIMB Niaga Tbk
PT Bank ANZ Indonesia 236 - PT Bank ANZ Indonesia
PT Bank OCBC NISP Tbk - 4.447 PT Bank OCBC NISP Tbk
PT Bank UOB Indonesia - 1.609 PT Bank UOB Indonesia
16.035 75.416
Pihak berelasi Related party
PT Bank Danamon Indonesia Tbk 1.711 - PT Bank Danamon Indonesia Tbk
17.746
- 75.416
-
- -
Perseroan melakukan kontrak cross currency and interest The Company entered into cross currency and interest rate
rate swap dengan tujuan lindung nilai atas risiko fluktuasi swap contracts to hedge the risk of fluctuations in cash flows
arus kas yang ditimbulkan oleh kurs mata uang dan tingkat arising from exchange rates and interest rates on borrowing.
suku bunga atas pinjaman yang diterima.
Perubahan atas nilai wajar dari kontrak cross currency and Changes in the fair value of the cross currency and interest
interest rate swap yang ditetapkan sebagai instrumen lindung rate swap contract designated as hedging instruments that
nilai, yang secara efektif menghapus variabilitas arus kas dari effectively offset the variability of cash flows associated with
pinjaman terkait dicatat di penghasilan komprehensif lainnya. the borrowings are recorded in other comprehensive income.
Nilai ini kemudian diakui dalam laporan laba rugi sebagai The amounts are subsequently recognised in the statement
penyesuaian atas laba atau rugi selisih kurs dan beban of profit or loss as adjustments of the exchange rate
bunga pinjaman terkait yang dilindungi nilai pada periode differences and interest payments related to the hedged
yang sama dimana selisih kurs dan beban bunga tersebut borrowings in the same period in which the related exchange
diakui pada perkiraan laba rugi. rate differences and interest payments affect profit or loss.
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
60
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 563
Page 566
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
11. ASET/LIABILITAS DERIVATIF (lanjutan) 11. DERIVATIVE ASSETS/LIABILITIES (continued)
Rincian dari kontrak-kontrak tersebut pada tanggal 31 Desember 2025 dan 2024 The details of these contracts as of 31 December 2025 and 2024 are as follows:
adalah sebagai berikut:
Sisa nilai kontrak/ Aset/(liabilitas) derivatif/
Periode kontrak/Contract period Remaining contract value Derivative asset/(liabilities)
2024 2024
Pihak lawan/ Nilai kontrak/ Disajikan kembali/ Disajikan kembali/
Counterparty Contract value Awal/Start Akhir/End 2025 Restated *) 2025 Restated *)
Cross currency and interest rate swap – PT Adira Dinamika Multifinance (menerapkan akuntansi lindung nilai/apply hedge accounting)
PT Bank Maybank Indonesia 12 Desember/ 11 Desember/
Tbk JPY 2.160.000.000 December 2023 December 2026 JPY 720.000.000 JPY 1.440.000.000 (2.464) (8.363)
564 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
PT Bank Maybank Indonesia 15 Januari/ 15 Januari/
Tbk JPY 2.910.000.000 January 2024 January 2027 JPY 1.212.500.000 JPY 2.182.500.000 (4.270) (13.237)
PT Bank Maybank Indonesia 19 Januari/ 19 Januari/
Tbk JPY 2.208.000.000 January 2024 January 2027 JPY 920.000.000 JPY 1.656.000.000 (2.299) (8.294)
PT Bank Maybank Indonesia 16 Februari/ 16 Februari/
Tbk JPY 2.991.000.000 February 2024 February 2027 JPY 1.246.250.000 JPY 2.243.250.000 (493) (6.018)
PT Bank Maybank Indonesia 07 Maret/ 05 Maret/
Tbk JPY 3.731.112.000 March 2024 March 2027 JPY 1.554.630.000 JPY 2.798.334.000 (779) (7.526)
PT Bank Maybank Indonesia 26 Maret/ 30 Maret/
Tbk USD 20.000.000 March 2024 March 2027 USD 8.333.333 USD 15.000.000 6.490 6.098
26 Maret/ 30 Maret/
PT Bank UOB Indonesia USD 20.000.000 March 2024 March 2027 USD 8.333.333 USD 15.000.000 7.119 7.493
3 April/ 6 April/
PT Bank DBS Indonesia USD 30.000.000 April 2024 April 2027 USD 15.000.000 USD 25.000.000 10.741 8.900
3 April/ 6 April/
PT Bank CTBC Indonesia USD 30.000.000 April 2024 April 2027 USD 15.000.000 USD 25.000.000 10.168 7.086
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan usaha yang dijelaskan pada *) The comparative information has been restated as a result of the merger as discussed in
Catatan 1d, Catatan 2y dan Catatan 52. Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
61
Page 567
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
11. ASET/LIABILITAS DERIVATIF (lanjutan) 11. DERIVATIVE ASSETS/LIABILITIES (continued)
Rincian dari kontrak-kontrak tersebut pada tanggal 31 Desember 2025 dan 2024 The details of these contracts as of 31 December 2025 and 2024 are as follows:
adalah sebagai berikut: (lanjutan) (continued)
Sisa nilai kontrak/ Aset/(liabilitas) derivatif/
Periode kontrak/Contract period Remaining contract value Derivative asset/(liabilities)
2024 2024
Pihak lawan/ Nilai kontrak/ Disajikan kembali/ Disajikan kembali/
Counterparty Contract value Awal/Start Akhir/End 2025 Restated *) 2025 Restated *)
Cross currency and interest rate swap – PT Adira Dinamika Multifinance (menerapkan akuntansi lindung nilai/apply hedge accounting) (lanjutan/continued)
20 Juni/ 21 Juni/
PT Bank CIMB Niaga Tbk USD 60.000.000 June 2024 June 2027 USD 30.000.000 USD 50.000.000 3.023 (12.288)
21 Juni/ 21 Juni/
PT Bank CIMB Niaga Tbk USD 20.000.000 June 2024 June 2027 USD 10.000.000 USD 16.666.667 1.007 (4.066)
21 Juni/ 21 Juni/
PT Bank OCBC NISP Tbk USD 20.000.000 June 2024 June 2027 USD 10.000.000 USD 16.666.667 1.070 (4.447)
5 Juli/ 6 Juli/
PT Bank CIMB Niaga Tbk USD 20.000.000 July 2024 July 2027 USD 11.666.666 USD 18.333.333 (1.025) (8.018)
14 Agustus/ 16 Agustus/
PT Bank UOB Indonesia USD 20.000.000 August 2024 August 2027 USD 11.666.667 USD 18.333.334 2.896 (1.609)
PT Bank Maybank Indonesia 14 Agustus/ 16 Agustus/
Tbk USD 20.000.000 August 2024 August 2027 USD 11.666.667 USD 18.333.333 2.978 (1.550)
26 September/ 27 September/
PT Bank UOB Indonesia USD 20.000.000 September 2024 September 2027 USD 11.666.667 USD 18.333.333 14.047 16.630
26 September/ 27 September/
PT Bank ANZ Indonesia USD 20.000.000 September 2024 September 2027 USD 11.666.667 USD 18.333.333 (236) 16.599
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan usaha yang dijelaskan pada *) The comparative information has been restated as a result of the merger as discussed in
Catatan 1d, Catatan 2y dan Catatan 52. Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
62
2025 Annual Report PT Adira Dinamika Multi Finance Tbk
565
Page 568
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
11. ASET/LIABILITAS DERIVATIF (lanjutan) 11. DERIVATIVE ASSETS/LIABILITIES (continued)
Rincian dari kontrak-kontrak tersebut pada tanggal 31 Desember 2025 dan 2024 The details of these contracts as of 31 December 2025 and 2024 are as follows:
adalah sebagai berikut: (lanjutan) (continued)
Sisa nilai kontrak/ Aset/(liabilitas) derivatif/
Periode kontrak/Contract period Remaining contract value Derivative asset/(liabilities)
2024 2024
Pihak lawan/ Nilai kontrak/ Disajikan kembali/ Disajikan kembali/
Counterparty Contract value Awal/Start Akhir/End 2025 Restated *) 2025 Restated *)
Cross currency and interest rate swap – PT Adira Dinamika Multifinance (tidak menerapkan akuntansi lindung nilai/not apply hedge accounting)
PT Bank Danamon Indonesia 25 Agustus/ 25 Agustus/
Tbk USD 6.116.208 August 2025 August 2026 USD 4.077.472 - 857 -
566 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
PT Bank Danamon Indonesia 25 September/ 25 September/
Tbk USD 8.998.200 September 2025 September 2026 USD 6.748.650 - (779) -
PT Bank Maybank Indonesia 24 November/ 24 November/
Tbk USD 30.000.000 November 2025 November 2028 USD 30.000.000 - (4.469) -
PT Bank Danamon Indonesia 19 Desember/ 18 Desember/
Tbk USD 6.004.203 December 2025 December 2026 USD 6.004.203 - (466) -
PT Bank Danamon Indonesia 19 Desember/ 18 Desember/
Tbk USD 6.004.203 December 2025 December 2026 USD 6.004.203 - (466) -
Cross currency and interest rate swap – PT Mandala Multifinance (tidak menerapkan akuntansi lindung nilai/not apply hedge accounting)
4 Agustus/ 4 Agustus/
PT Bank Permata Tbk USD 10.000.000 August 2022 August 2026 - USD 4.285.712 - 4.288
1 November/ 4 Agustus/
PT Bank CIMB Niaga Tbk USD 10.000.000 November 2022 August 2026 - USD 4.666.664 - 1.770
4 Januari/ 4 Agustus/
PT Bank CIMB Niaga Tbk USD 10.000.000 January 2023 August 2026 - USD 4.666.664 - 2.205
42.650 (4.347)
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan usaha yang dijelaskan pada *) The comparative information has been restated as a result of the merger as discussed in
Catatan 1d, Catatan 2y dan Catatan 52. Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
63
Page 569
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
11. ASET/LIABILITAS DERIVATIF (lanjutan) 11. DERIVATIVE ASSETS/LIABILITIES (continued)
Kerugian kumulatif yang timbul dari perubahan nilai wajar The cumulative losses arising from the changes in fair values
instrumen derivatif pada tanggal 31 Desember 2025 of the derivative instruments as of 31 December 2025
sebesar Rp52.219 (2024: Rp11.370) disajikan sebagai amounting to Rp52,219 (2024: Rp11,370), were presented
“Kerugian kumulatif atas instrumen derivatif untuk lindung as “Cumulative losses on derivative instruments for cash
nilai arus kas - neto” sebagai bagian “Ekuitas” pada laporan flows hedges - net” under the “Equity” section in the
posisi keuangan dan akan diakui dalam laporan laba rugi statement of financial position and will be recognised in the
pada saat realisasinya. statement of profit or loss upon its realisation.
Pada tahun 2025 dan 2024, jumlah yang telah direklasifikasi In 2025 and 2024, the total amount which had been
dari ekuitas ke laporan laba rugi tahun berjalan adalah reclassified from equity to the current year statement of profit
sebagai berikut: or loss are as follows:
2024
Disajikan kembali/
2025 - Restated *) -
Jumlah yang telah direklasifikasi dari ekuitas The amount had been reclassified from equity
ke laba/(rugi) selisih kurs-bersih 183.991 (11.634) to net gain/(loss) on foreign exchange
Jumlah yang telah direklasifikasi dari ekuitas The amount had been reclassified from equity
ke beban bunga dan keuangan (113.043) (91.102) to interest expense and financing charges
70.948
- (102.736)
-
Jumlah laba rugi selisih kurs yang direklasifikasi dari ekuitas The foreign exchange gain or loss reclassified from equity is
dikompensasikan di laporan laba rugi terhadap laba rugi offset against the foreign exchange gain or loss from related
selisih kurs dari pinjaman yang diterima, yang terkait hedged borrowings in statement of the profit or loss. The
dengan lindung nilai. Beban bunga dan keuangan yang di interest and financing charges reclassified from equity
reklasifikasi dari ekuitas adalah swap cost untuk mengubah represent swap cost to convert the interest rate.
tingkat suku bunga.
Lihat Catatan 39 untuk rincian saldo dan transaksi dengan Refer to Note 39 for details of balances and transactions with
pihak berelasi. related parties.
12. INVESTASI DALAM SAHAM 12. INVESTMENT IN SHARES
Pada tanggal 2 Oktober 2023, Perseroan melakukan On 2 October 2023, the Company invested in PT Home
penyertaan pada PT Home Credit Indonesia ("HCI") dengan Credit Indonesia ("HCI") with purchase price of
harga beli sebesar EUR23.163.839 (nilai penuh) atau setara EUR23,163,839 (full amount) or equivalent to Rp380,397
dengan Rp380.397 yang mewakili 9,83% (sembilan koma which represents 9.83% (nine point eighty three percent) of
delapan puluh tiga persen) dari modal ditempatkan dan the issued and paid up capital of HCI.
disetor HCI.
Pada tanggal 4 Maret 2024, HCI meningkatkan modal dasar On 4 March 2024, HCI increased its authorized capital by
dengan menerbitkan saham baru sebanyak 600 lembar issuing 600 new shares. All of these shares have been issued
saham. Seluruh lembar saham tersebut telah ditempatkan and paid by shareholders other than the Company, so that
dan disetor oleh pemegang saham selain Perseroan, the Company's ownership percentage in HCI is 9.82% of the
sehingga persentase kepemilikian Perseroan pada HCI total nominal value of HCI shares. As of 31 December 2025
menjadi 9,82% dari jumlah nilai nominal saham HCI. Pada and 2024, the carrying value of investment in shares on HCI
tanggal 31 Desember 2025 dan 2024, nilai tercatat investasi amounting to Rp420,717 and Rp396,870, respectively.
dalam saham pada HCI masing-masing sebesar Rp420.717
dan Rp396.870.
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
64
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 567
Page 570
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
12. INVESTASI DALAM SAHAM (lanjutan) 12. INVESTMENT IN SHARES (continued)
Tabel berikut menunjukkan perubahan nilai tercatat The following table show movement of the carrying amount
investasi dalam saham pada tahun berjalan dan tahun of investment in shares during the current year and prior
sebelumnya: year:
2024
Disajikan kembali/
2025 - Restated *) -
Nilai perolehan awal 384.578 386.360 Acquisition cost at beginning
Penyesuaian biaya perolehan (2.021)
- (1.782)
- Adjustment of acquisition cost
382.557 384.578
Akumulasi perubahan nilai wajar yang diakui Accumulated changes in fair value recognised
dalam penghasilan komprehensif lain: in other comprehensive income:
Saldo awal 12.292 - Beginning balance
Perubahan nilai wajar selama Changes in fair value during
tahun berjalan 25.868
- 12.292
- the current period
Saldo akhir 38.160
- 12.292
- Ending balance
Nilai tercatat 420.717 396.870 Carrying amount
- -
Lihat Catatan 39 untuk rincian saldo dan transaksi dengan Refer to Note 39 for details of balances and transactions with
pihak berelasi. related parties.
Informasi mengenai klasifikasi dan nilai wajar investasi Information with respect to the classification and fair value of
dalam saham diungkapkan pada Catatan 41. investment in shares is disclosed in Note 41.
13. ASET TETAP 13. FIXED ASSETS
2025
-
Saldo awal/
Beginning Penambahan/ Pelepasan/ Reklasifikasi/ Saldo akhir/
balance - Additions - Disposals- Reclassifications
- Ending balance-
Harga perolehan Acquisition cost
Tanah 152.904 1.947 - - 154.851 Land
Bangunan 222.363 6.011 - 40.291 268.665 Buildings
Perabotan, perlengkapan Furniture, fixtures and
dan peralatan kantor 917.272 46.088 (157.898) - 805.462 office equipment
Kendaraan bermotor 46.473 8.522 (53.101) - 1.894 Motor vehicles
1.339.012 62.568 (210.999) 40.291 1.230.872
Bangunan dalam
penyelesaian 10.826 37.650 - (40.291) 8.185 Building in progress
1.349.838 100.218 (210.999) - 1.239.057
Akumulasi penyusutan Accumulated depreciation
Bangunan (106.526) (10.160) - - (116.686) Buildings
Perabotan, perlengkapan Furniture, fixtures and
dan peralatan kantor (751.954) (57.053) 149.028 - (659.979) office equipment
Kendaraan bermotor (27.424) (6.519) 32.760 - (1.183) Motor vehicles
(885.904) (73.732) 181.788 - (777.848)
Nilai buku neto - 463.934 - 461.209 Net book value
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
65
568 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 571
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
13. ASET TETAP (lanjutan) 13. FIXED ASSETS (continued)
2024
Disajikan kembali/Restated
- *)
Penambahan
dari
penggabungan
Saldo awal/ usaha/
Beginning Penambahan/ Pelepasan/ Reklasifikasi/ Additions from Saldo akhir/
balance - Additions- Disposals
- Reclassifications
- merger - Ending balance
-
Harga perolehan Acquisition cost
Tanah 72.050 24.877 (1.330) 447 56.860 152.904 Land
Bangunan 44.546 4.615 (2.854) 42.897 133.159 222.363 Buildings
Perabotan, perlengkapan Furniture, fixtures and
dan peralatan kantor 723.096 60.625 (49.656) - 183.207 917.272 office equipment
Kendaraan bermotor 1.460 5.060 (10.250) - 50.203 46.473 Motor vehicles
841.152 95.177 (64.090) 43.344 423.429 1.339.012
Bangunan dalam
penyelesaian 19.412 33.916 - (42.502) - 10.826 Building in progress
860.564 129.093 (64.090) 842 423.429 1.349.838
Akumulasi penyusutan Accumulated depreciation
Bangunan (34.247) (6.343) 2.834 - (68.770) (106.526) Buildings
Perabotan, perlengkapan Furniture, fixtures and
dan peralatan kantor (596.171) (57.859) 49.535 - (147.459) (751.954) office equipment
Kendaraan bermotor (442) (6.797) 6.126 - (26.311) (27.424) Motor vehicles
(630.860) (70.999) 58.495 - (242.540) (885.904)
Nilai buku neto - 229.704 - 463.934 Net book value
Seluruh aset tetap Perseroan merupakan aset kepemilikan All of the Company’s fixed assets are direct ownership assets.
langsung.
Hak atas tanah berupa sertifikat Hak Guna Bangunan (HGB) The land rights are in the form of certificate of Hak Guna
dengan jangka waktu masa penggunaan akan berakhir Bangunan (HGB), which will be due from 2027 to 2055.
antara tahun 2027 sampai dengan tahun 2055. Manajemen Management believes that the land rights can be renewed or
berpendapat bahwa hak kepemilikan atas tanah tersebut extended upon expiration.
dapat diperbaharui atau diperpanjang pada saat jatuh tempo.
Rincian keuntungan atas pelepasan aset tetap adalah Details of gain on disposal of fixed assets are as follows:
sebagai berikut:
2024
Disajikan kembali/
2025 - Restated *) -
Hasil pelepasan aset tetap 11.962 26.350 Proceeds from disposal of fixed assets
Nilai buku aset tetap (29.211) (5.595) Book value of fixed assets
Laba/(rugi) atas pelepasan aset tetap (17.249)
1 20.755
1 Gain/(loss) on disposal of fixed assets
Laba/(rugi) atas pelepasan aset tetap diakui sebagai bagian Gain/(loss) on disposal of fixed assets is recognised as part
dari “Pendapatan Lain-lain” pada laporan laba rugi. of “Other Income” in the statement of profit or loss.
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
66
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 569
Page 572
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
13. ASET TETAP (lanjutan) 13. FIXED ASSETS (continued)
Pada tanggal 31 Desember 2025 dan 2024, aset tetap, As of 31 December 2025 and 2024, fixed assets, except for
kecuali tanah, telah diasuransikan kepada: land, were insured by:
- pihak berelasi: PT Zurich Asuransi Indonesia Tbk; - related party: PT Zurich Asuransi Indonesia Tbk;
- pihak ketiga: PT Lippo General Insurance Tbk dan PT - third parties: PT Lippo General Insurance Tbk and PT
Asuransi Mitra Pelindung Mustika; Asuransi Mitra Pelindung Mustika;
terhadap risiko kerugian kebakaran, kebanjiran dan risiko against losses arising from fire, flood and other risks with a
lainnya dengan nilai pertanggungan masing-masing total insurance coverage amounting to Rp591,360 and
sejumlah Rp591.360 dan Rp584.169. Manajemen Rp584,169, respectively. Management believes that the
berpendapat bahwa nilai pertanggungan tersebut sudah coverage is adequate to cover possible losses from such
memadai untuk menutupi kemungkinan kerugian atas aset risks.
yang dipertanggungkan.
Pada tanggal 31 Desember 2025, aset tetap dengan harga As of 31 December 2025, fixed assets with acquisition cost
perolehan sebesar Rp571.396 (2024: Rp663.806) telah amounting to Rp571,396 (2024: Rp663,806), have been
disusutkan penuh dan masih digunakan oleh Perseroan. fully depreciated and are still being used by the Company.
Pada tanggal 31 Desember 2025, Perseroan tidak memiliki As of 31 December 2025, the Company does not have fixed
aset tetap yang dijaminkan. Pada tanggal 31 Desember assets pledged as collateral. As of 31 December 2024, land
2024, terdapat tanah dan bangunan masing-masing sebesar and building amounting to Rp10,064 and Rp17,210,
Rp10.064 dan Rp17.210 yang dijaminkan atas pinjaman respectively, were pledged as collateral for MFIN's
MFIN dari PT Bank Mandiri (Persero) Tbk. borrowings from PT Bank Mandiri (Persero) Tbk.
Tidak ada beban bunga pinjaman yang dikapitalisasi There were no interest expenses from borrowings which
sebagai aset tetap pada tahun 2025 dan 2024. were capitalised to fixed assets in 2025 and 2024.
Berdasarkan evaluasi manajemen Perseroan, tidak terdapat Based on management’s assessment, there are no events
kejadian atau perubahan keadaan yang mengindikasikan or changes in circumstances which may indicate an
adanya penurunan nilai aset tetap Perseroan pada tanggal impairment in value of fixed assets as of 31 December 2025
31 Desember 2025 dan 2024. and 2024.
Estimasi nilai wajar aset tetap Perseroan (tanah dan The estimated fair value of the Company’s fixed assets
bangunan berdasarkan nilai jual objek pajak) pada tanggal (land and building based on tax object sale value) as of
31 Desember 2025 sebesar Rp388.325 (2024: Rp462.797). 31 December 2025 amounted to Rp388,325 (2024:
Rp462,797).
Pada tanggal 31 Desember 2025, persentase nilai tercatat As of 31 December 2025 the percentage of carrying amount
bangunan dalam penyelesaian terhadap estimasi nilai of building in progress to the estimated contract value is
kontrak adalah 95,09% dan diperkirakan akan selesai pada 95.09% and estimated to be completed by mid-2026.
pertengahan tahun 2026.
Tidak ada aset tetap yang tidak dipakai sementara. There are no fixed assets that are not used temporarily.
Tidak ada aset tetap yang dihentikan dari penggunaan aktif There are no fixed assets that have been discontinued from
dan tidak diklasifikasikan sebagai tersedia untuk dijual. active use and are not classified as held for sale.
14. ASET HAK GUNA 14. RIGHT-OF-USE ASSETS
Perseroan menyewa aset berupa bangunan dan data The Company leases assets which consist of building and
centre. Masa sewa berkisar antara 1 - 10 tahun. data centre. The lease term ranging from 1 - 10 years.
Perseroan mempunyai sewa dengan aset bernilai rendah. The Company has leases with low value assets. The
Perseroan menerapkan pengecualian pengakuan aset hak Company applies lease of low-value assets recognition
guna atas sewa dengan aset bernilai rendah tersebut (lihat exemptions for these right-of-use assets (see Note 36).
Catatan 36).
* Tidak diaudit *Unaudited
67
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Page 573
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
14. ASET HAK GUNA (lanjutan) 14. RIGHT-OF-USE ASSETS (continued)
Nilai tercatat aset hak guna pada tanggal 31 Desember 2025 The carrying amount of right-of-use assets as of
dan 2024 adalah sebagai berikut: 31 December 2025 and 2024 are as follows:
2025
-
Saldo awal/
Beginning Penambahan/ Pelepasan/ Saldo akhir/
balance - Additions - Disposals - Ending balance
-
Harga perolehan Acquisition cost
Bangunan 546.358 81.357 (103.318) 524.397 Buildings
Data centre 23.714 - (8.569) 15.145 Data centre
570.072 81.357 (111.887) 539.542
Akumulasi penyusutan Accumulated depreciation
Bangunan (266.465) (118.854) 100.481 (284.838) Buildings
Data centre (8.869) (6.010) 8.569 (6.310) Data centre
(275.334) (124.864) 109.050 (291.148)
Nilai buku neto - 294.738 - 248.394 Net book value
2024
Disajikan kembali/Restated
- *)
Penambahan
dari
penggabungan
Saldo awal/ usaha/
Beginning Penambahan/ Pelepasan/ Additions from Saldo akhir/
balance - Additions - Disposals- merger - Ending balance
-
Harga perolehan Acquisition cost
Bangunan 466.081 107.713 (82.656) 55.220 546.358 Buildings
Data centre 13.744 15.145 (5.175) - 23.714 Data centre
479.825 122.858 (87.831) 55.220 570.072
Akumulasi penyusutan Accumulated depreciation
Bangunan (211.328) (111.702) 82.649 (26.084) (266.465) Buildings
Data centre (6.015) (8.029) 5.175 - (8.869) Data centre
(217.343) (119.731) 87.824 (26.084) (275.334)
Nilai buku neto - 262.482 - 294.738 Net book value
Jumlah yang diakui pada laba rugi pada tahun 2025 dan 2024 The amounts recognised in profit or loss for 2025 and 2024
yang timbul dari sewa adalah beban penyusutan aset hak arising from the lease are depreciation of right-of-use assets
guna yang dicatat sebagai beban umum dan administrasi expenses which are recorded as general and administrative
(lihat Catatan 36); dan beban bunga atas liabilitas sewa yang expenses (see Note 36); and interest expense on the lease
dicatat sebagai beban bunga dan keuangan (lihat Catatan liabilities which is recorded as interest expense and financing
35). charges (see Note 35).
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
68
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 571
Page 574
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
15. ASET TAK BERWUJUD 15. INTANGIBLE ASSETS
2025
-
Saldo awal/
Beginning Penambahan/ Pelepasan/ Reklasifikasi/ Saldo akhir/
balance - Additions - Disposals- Reclassifications
- Ending balance-
Harga perolehan Acquisition cost
Perangkat lunak 845.571 1.474 (32.804) 17.188 831.429 Software
Perangkat lunak dalam Software under
penyelesaian 38.233 85.901 (1.664) (17.188) 105.282 development
Lain-lain 1.688 - - - 1.688 Other
885.492 87.375 (34.468) - 938.399
Akumulasi Accumulated
amortisasi amortisation
Perangkat lunak (539.163) (92.520) 28.761 - (602.922) Software
Lain-lain (1.006) (84) - - (1.090) Other
(540.169) (92.604) 28.761 - (604.012)
Nilai buku neto - 345.323 - 334.387 Net book value
2024
Disajikan kembali/Restated
- *)
Penambahan
dari
penggabungan
Saldo awal/ usaha/
Beginning Penambahan/ Pelepasan/ Reklasifikasi/ Additions from Saldo akhir/
balance - Additions- Disposals- Reclassifications
- merger - Ending balance
-
Harga perolehan Acquisition cost
Perangkat lunak 513.969 19.647 (136) 229.585 82.506 845.571 Software
Perangkat lunak dalam Software under
penyelesaian 43.283 222.781 - (227.831) - 38.233 development
Lain-lain 1.688 - - - - 1.688 Other
558.940 242.428 (136) 1.754 82.506 885.492
Akumulasi Accumulated
amortisasi amortisation
Perangkat lunak (437.360) (64.957) 136 - (36.982) (539.163) Software
Lain-lain (921) (85) - - - (1.006) Other
(438.281) (65.042) 136 - (36.982) (540.169)
Nilai buku neto - 120.659 - 345.323 Net book value
Berdasarkan keputusan manajemen, pola konsumsi aset tak Based on management’s decision, there has been a significant
berwujud yang berasal dari MFIN mengalami perubahan change in the expected pattern of consumption of the future
signifikan, dimana aset tersebut akan digunakan untuk economic benefits of the intangible assets originating from
kegiatan operasional hingga 30 September 2026. MFIN, whereby such assets will be used for operational
Sehubungan dengan hal tersebut, masa manfaat aset tak purposes until 30 September 2026. Accordingly, the useful
berwujud tersebut disesuaikan sehingga berakhir pada lives of the intangible assets were adjusted to end on that date,
tanggal tersebut, dengan nilai tercatat pada tanggal with carrying amount as of 31 December 2025 amounted to
31 Desember 2025 sebesar Rp28.942. Rp28,942.
16. ASET LAIN-LAIN 16. OTHER ASSETS
2024
Disajikan kembali/
2025 - Restated *) -
Uang muka 34.660 30.801 Advance payments
Uang jaminan 14.058 14.356 Security deposits
- 48.718 - 45.157
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
69
572 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 575
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
16. ASET LAIN-LAIN (lanjutan) 16. OTHER ASSETS (continued)
Transaksi yang mendasari pencatatan uang muka adalah Underlying transactions in recording advance payments are
pembayaran uang muka (down payment) untuk pembelian down payment for purchase goods or services. The advance
barang dan jasa. Uang muka tersebut akan direklas ke akun payments will be reclassified to the expenses or asset
biaya atau aset pada saat barang atau jasa diterima. accounts when the goods or services are received.
Uang jaminan merupakan security deposit yang dibayarkan Security deposit is a deposit that the Company pays to the
Perseroan kepada pemilik gedung pada saat Perseroan building owner when the Company rents office space. The
menyewa ruangan kantor. Uang jaminan akan dikembalikan security deposit will be returned by the building owner when
oleh pemilik gedung ketika masa sewa berakhir. the rental period ends.
17. PINJAMAN YANG DITERIMA 17. BORROWINGS
2024
Disajikan kembali/
2025 - Restated *) -
Pihak ketiga Third parties
Rupiah Rupiah
PT Bank Central Asia Tbk 1.326.098 1.170.988 PT Bank Central Asia Tbk
PT Bank Mandiri (Persero) Tbk 915.811 1.620.520 PT Bank Mandiri (Persero) Tbk
PT Bank Pan Indonesia Tbk 704.532 1.042.159 PT Bank Pan Indonesia Tbk
PT Bank Rakyat Indonesia Tbk 449.692 - PT Bank Rakyat Indonesia Tbk
Citibank, N.A., Indonesia 350.000 450.000 Citibank, N.A., Indonesia
PT Bank BCA Syariah 329.166 241.257 PT Bank BCA Syariah
PT Bank UOB Indonesia 175.000 250.000 PT Bank UOB Indonesia
PT Bank Maybank Indonesia Tbk 127.762 527.538 PT Bank Maybank Indonesia Tbk
PT Bank Negara Indonesia Tbk 70.816 528.455 PT Bank Negara Indonesia Tbk
PT Bank Muamalat Indonesia Tbk 41.666 2.500 PT Bank Muamalat Indonesia Tbk
PT Bank DKI 38.889 155.556 PT Bank DKI
PT Bank DBS Indonesia 24.984 108.244 PT Bank DBS Indonesia
PT Bank Maspion Indonesia Tbk - 201.677 PT Bank Maspion Indonesia Tbk
PT Bank Pembangunan Daerah Jawa Barat PT Bank Pembangunan Daerah Jawa Barat
dan Banten Tbk - 119.982 dan Banten Tbk
PT Bank Resona Perdania - 99.750 PT Bank Resona Perdania
PT Bank OCBC NISP Tbk - 16.652 PT Bank OCBC NISP Tbk
PT Bank Permata Tbk (termasuk PT Bank Permata Tbk (including
pinjaman sindikasi) - 16.622 syndicated loan)
PT Bank Oke Indonesia Tbk - 1.458 PT Bank Oke Indonesia Tbk
4.554.416 6.553.358
Dolar Amerika Serikat United States Dollar
The Islamic Corporation for the Development The Islamic Corporation for the Development
of the Private Sector (ICD) - 218.750 of the Private Sector (ICD)
4.554.416 6.772.108
Pihak berelasi Related parties
Rupiah Rupiah
PT Bank Danamon Indonesia Tbk 635.607 265.278 PT Bank Danamon Indonesia Tbk
MUFG Bank, Ltd. (Jakarta) 627.217 433.333 MUFG Bank, Ltd. (Jakarta)
1.262.824 698.611
Dolar Amerika Serikat United States Dollar
MUFG Bank, Ltd. (Hong Kong) - Sindikasi 2.584.625 4.104.225 MUFG Bank, Ltd. (Hong Kong) - Syndicated
MUFG Bank, Ltd. (Singapura) 500.250 - MUFG Bank, Ltd. (Singapore)
PT Bank Danamon Indonesia Tbk 380.766 - PT Bank Danamon Indonesia Tbk
3.465.641 4.104.225
Yen Jepang Japanese Yen
MUFG Bank, Ltd. (Singapura) 602.085 1.063.278 MUFG Bank, Ltd. (Singapore)
5.330.550 5.866.114
- 9.884.966 - 12.638.222
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
70
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 573
Page 576
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
17. PINJAMAN YANG DITERIMA (lanjutan) 17. BORROWINGS (continued)
Pada tanggal 31 Desember 2025, pinjaman yang diterima As of 31 December 2025, the borrowings include transaction
termasuk beban transaksi yang terkait langsung dengan costs directly attributable to the origination of borrowings
pinjaman yang diterima sebesar Rp3.447 (2024: Rp7.712) amounting to Rp3,447 (2024: Rp7,712) (see Note 2d.2).
(lihat Catatan 2d.2).
Rata-rata tertimbang tingkat suku bunga efektif per tahun The weighted average effective interest rate per annum on
atas pinjaman yang diterima pada tanggal 31 Desember borrowings as of 31 December 2025 was 6.63% (2024:
2025 adalah 6,63% (2024: 7,02%). 7.02%).
Rincian dari pinjaman yang diterima adalah sebagai berikut: The details of borrowings are as follows:
Batas maksimum Perjanjian terakhir/ Suku bunga kontraktual/
Nama Bank/ Fasilitas/ kredit/ Latest agreement Contractual interest rate Cicilan pokok/
Bank Name Facility Maximum credit Principal installment
Awal/Start Akhir/End 2025 2024
limit
Pinjaman/Borrowings – PT Adira Dinamika Multifinance Tbk
29 September/ 30 Juni/ Setiap satu bulan sekali/
I 2.000.000 7,15% - 7,22% 6,80% - 7,22%
September 2023 June 2026 Monthly basis
29 September/ 9 April/ Setiap satu bulan sekali/
II 2.000.000 6,74% - 7,20% 6,50% - 7,20%
PT Bank Mandiri September 2023 April 2028 Monthly basis
(Persero) Tbk 20 Agustus/ 1 Juli/ Setiap satu bulan sekali/
III 2.000.000 6,15% - 6,70% 6,55% - 6,70%
August 2025 July 2029 Monthly basis
26 Januari/ 25 Januari/ Setiap satu bulan sekali/
IV 250.000 6,55% -
January 2024 January 2026 Monthly basis
28 Maret/ 28 Desember/ Setiap satu bulan sekali/
I 1.000.000 7,35% 7,35%
March 2023 December 2026 Monthly basis
23 Juni/ 23 Maret/ Setiap satu bulan sekali/
PT Bank Maybank II 1.000.000 7,25% 6,50% - 7,25%
June 2023 March 2027 Monthly basis
Indonesia Tbk
Pembayaran penuh pada saat
19 Oktober/ 23 Juni/
III 250.000 - - jatuh tempo/Bullet payment
October 2025 June 2026
on maturity date
Pembayaran penuh pada saat
jatuh tempo/Bullet payment
Citibank, N.A., 25 September/ 9 Februari/ on maturity date
I 1.000.000 6,35 % - 6,75% 6,55% - 6,75%
Indonesia September 2025 February 2026 atau/or
Setiap satu bulan sekali/
Monthly basis
5 September/ 20 April/ Setiap satu bulan sekali/
I 1.000.000 7,16% - 7,19% 7,16% - 7,19%
September 2022 April 2026 Monthly basis
PT Bank Central Asia 27 Oktober/ 31 Desember/ Setiap satu bulan sekali/
II 1.000.000 5,75% - 7,00% 7,00%
Tbk October 2025 December 2028 Monthly basis
27 Oktober/ 27 Oktober/ Setiap satu bulan sekali/
III 600.000 - -
October 2025 October 2029 Monthly basis
24 Oktober/ 30 September/ Setiap satu bulan sekali/
I 7,25% - 7,35% 7,25% - 7,35%
October 2025 September 2031 Monthly basis
PT Bank BCA Syariah 545.000 Pembayaran penuh pada saat
24 Oktober/ 30 September/
II 5,50% - jatuh tempo/Bullet payment
October 2025 September 2031
on maturity date
7,00% 6,10% - 6,45%
(Penarikan dalam Rupiah/
Pembayaran penuh pada saat
7 Oktober/ 31 Januari/ Drawdown in IDR)
I 600.000 jatuh tempo/Bullet payment
October 2025 January 2026 4,98% -
on maturity date
(Penarikan dalam USD/
Drawdown in USD)
7,10% - 7,35% 5,20% - 7,35%
(Penarikan dalam Rupiah/
PT Bank Danamon 7 Oktober/ 31 Januari/ Drawdown in IDR) Setiap satu bulan sekali/
II
Indonesia Tbk October 2025 January 2029 4,54% 5,42% - Monthly basis
(Penarikan dalam USD/
Drawdown in USD)
1.900.000
7,20% 7,20%
(Penarikan dalam Rupiah/
7 Oktober/ 31 Januari/ Drawdown in IDR) Setiap satu bulan sekali/
III
October 2025 January 2029 4, 54% - 5,41% - Monthly basis
(Penarikan dalam USD/
Drawdown in USD)
* Tidak diaudit *Unaudited
71
574 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 577
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Rincian dari pinjaman yang diterima adalah sebagai berikut: The details of borrowings are as follows: (continued)
(lanjutan)
Batas maksimum Perjanjian terakhir/ Suku bunga kontraktual/
Nama Bank/ Fasilitas/ kredit/ Latest agreement Contractual interest rate Cicilan pokok/
Bank Name Facility Maximum credit Principal installment
limit
Awal/Start Akhir/End 2025 2024
Pinjaman/Borrowings – PT Adira Dinamika Multifinance Tbk (lanjutan/continued)
Pembayaran penuh pada
20 Juni/ 30 Desember/
I 500.000 4,70% - 6,40% 5,90% - 6,70% saat jatuh tempo/Bullet
June 2025 December 2026
payment on maturity date
21 Juni/ 3 Februari/ Setiap tiga bulan sekali/
II 800.000 6,00% - 6,60% 6,00% - 6,60%
MUFG Bank, Ltd. June 2023 February 2026 Quarterly basis
(Jakarta) 23 Desember/ 23 Juni/ Setiap tiga bulan sekali/
III 500.000 7,25% - 7,30% 7,25% - 7,30%
December 2022 June 2026 Quarterly basis
USD50.000.000
12 September/ 12 September/ Setiap tiga bulan sekali/
IV (Equivalent to 6,50% -
September 2024 September 2028 Quarterly basis
Rp770.750)
USD100.000.000
21 November/ 21 November/ Setiap tiga bulan sekali/
I (Equivalent to 0,57% - 0,72% 0,57% - 0,72%
MUFG Bank, Ltd. November 2023 November 2027 Quarterly basis
¥14.000.112.000)
(Singapura)
12 November/ 12 November/ Setiap tiga bulan sekali/
II USD100.000.000 4,58% -
November 2025 November 2029 Quarterly basis
MUFG Bank, Ltd.
1 Februari/ 1 November/ Setiap tiga bulan sekali/
(Hong Kong – I USD300.000.000 4,63% - 5,54% 5,27% - 6,29%
February 2024 November 2027 Quarterly basis
Sindikasi/Syndicated)
PT Bank Negara 19 Februari/ 18 Februari/ Setiap satu bulan sekali/
I 500.000 6,50% 6,50%
Indonesia Tbk February 2024 February 2028 Monthly basis
13 Maret/ 13 September/ Setiap tiga bulan sekali/
I 500.000 6,80% 6,80%
PT Bank UOB March 2024 September 2025 Quarterly basis
Indonesia 26 Juni/ 26 Desember/ Setiap tiga bulan sekali/
II 500.000 6,20% - 6,60% -
June 2025 December 2028 Quarterly basis
14 November/ 14 November/ Setiap satu bulan sekali/
I 1.000.000 6,90% - 7,30% 6,65% - 7,30%
November 2022 November 2026 Monthly basis
20 Februari/ 20 Februari/ Setiap satu bulan sekali/
II 1.000.000 7,10% 7,10%
PT Bank Pan February 2023 February 2027 Monthly basis
Indonesia Tbk 27 Maret/ 27 Maret/ Setiap satu bulan sekali/
III 1.000.000 7,10% 6,30% - 7,10%
March 2023 March 2027 Monthly basis
28 Februari/ 22 Desember/ Setiap satu bulan sekali/
IV 2.000.000 5,65% - 6,50% 6,30%
February 2025 December 2028 Monthly basis
PT Bank 27 Juli/ 27 April/ Setiap satu bulan sekali/
I 500.000 6,80% 6,60% - 6,80%
Pembangunan Daerah July 2023 April 2027 Monthly basis
Jawa Barat dan 25 April/ 25 Januari/ Setiap satu bulan sekali/
II 500.000 6,68% 6,68%
Banten Tbk April 2024 January 2028 Monthly basis
4 September/ 4 September/ Setiap tiga bulan sekali/
I 300.000 6,60% - 6,80% 6,60% - 6,80%
PT Bank DBS September 2023 September 2027 Quarterly basis
Indonesia 29 Juli/ 29 Januari/ Setiap tiga bulan sekali/
II 200.000 - -
July 2025 January 2029 Quarterly basis
PT Bank Muamalat 16 Januari/ 30 Agustus/ Setiap satu bulan sekali/
I 200.000 6,50% 6,35%
Indonesia Tbk January 2025 August 2026 Monthly basis
Pembayaran penuh pada
PT Bank CTBC 30 Desember/ 15 Maret/
I 175.000 6,78% 6,15% - 6,20% saat jatuh tempo/Bullet
Indonesia December 2025 March 2026
payment on maturity date
11 September/ 10 April/ Setiap satu bulan sekali/
PT Bank DKI I 184.722 7,35% 7,35%
September 2024 April 2026 Monthly basis
PT Bank Rakyat 18 September/ 23 September/ Setiap satu bulan sekali/
I 1.000.000 6,25% - 6,45% -
Indonesia Tbk September 2025 September 2028 Monthly basis
PT Bank CIMB Niaga 12 Desember/ 12 Desember/ Setiap satu bulan sekali/
I 800.000 - -
Tbk December 2025 December 2029 Monthly basis
* Tidak diaudit *Unaudited
72
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 575
Page 578
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
17. PINJAMAN YANG DITERIMA (lanjutan) 17. BORROWINGS (continued)
Rincian dari pinjaman yang diterima adalah sebagai berikut: The details of borrowings are as follows: (continued)
(lanjutan)
Batas maksimum Perjanjian terakhir/ Suku bunga kontraktual/
Nama Bank/ Fasilitas/ kredit/ Latest agreement Contractual interest rate Cicilan pokok/
Bank Name Facility Maximum credit Principal installment
limit Awal/Start Akhir/End 2025 2024
Pinjaman/Borrowings – ex-legacy (MFIN)
Pinjaman
Angsuran/ 19 Juli/ 28 Desember/ Setiap satu bulan sekali/
300.000 7,00% - 8,00% 7,00% - 8,25%
Installment July 2022 December 2025 Monthly basis
Loan 7
Pinjaman
PT Bank Central Angsuran/ 27 Oktober/ 22 Juli/ Setiap satu bulan sekali/
1.000.000 7,10% - 7,25% 7,10% - 7,25%
Asia Tbk Installment October 2025 July 2028 Monthly basis
Loan 8
Pinjaman
Angsuran/ 27 Oktober/ 18 Juli/ Setiap satu bulan sekali/
400.000 6,90% -
Installment October 2025 July 2029 Monthly basis
Loan 9
Kredit
PT Bank Danamon Berjangka/ 4 Desember/ 4 Juli/ Setiap satu bulan sekali/
Term Loan
850.000 7,00% - 7,35% 7,50%
Indonesia, Tbk December 2024 July 2027 Monthly basis
Facility
Kredit Modal
PT Bank Negara
Kerja/ 24 Februari/ 2 Juli/ Setiap satu bulan sekali/
Indonesia (Persero), Working
265.000 - 7,00% - 7,50%
February 2024 July 2026 Monthly basis
Tbk Capital Loan
Kredit
PT Bank Permata, Sindikasi/ 08 Juni/ 29 Juni/ Setiap tiga bulan sekali/
1.200.000 - 8,00%
Tbk Syndicated June 2022 June 2025 Quarterly basis
Loan
Kredit
PT Bank OCBC 27 Juli/ 31 Agustus/ Setiap satu bulan sekali/
Berjangka/ 150.000 - 7,15% - 7,20%
NISP, Tbk Term Loan
July 2023 August 2025 Monthly basis
Pinjaman
PT Bank Oke Modal Kerja/ 11 Juli/ 11 Januari/ Setiap satu bulan sekali/
50.000 - 8,00%
Indonesia, Tbk Working July 2022 January 2025 Monthly basis
Capital Loan
Kredit
Investasi/ 28 December/ 23 Maret/ Setiap satu bulan sekali/
Investment
85.000 - 8,25%
PT Bank December 2021 March 2027 Monthly basis
Credit
Mandiri(Persero),
Kredit Modal
Tbk Kerja/ 10 Juli/ 30 Januari/ Setiap satu bulan sekali/
500.000 7,00% - 7,25% 7,10% - 7,25%
Working July 2024 January 2027 Monthly basis
Capital Loan
Kredit
Angsuran
PT Bank Maspion Berjangka/ 6 November/ 26 Juni/ Setiap satu bulan sekali/
Term
250.000 - 7,50% - 7,60%
Indonesia, Tbk November 2023 June 2027 Monthly basis
Installment
Loan Facility
* Tidak diaudit *Unaudited
73
576 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 579
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
17. PINJAMAN YANG DITERIMA (lanjutan) 17. BORROWINGS (continued)
Rincian dari pinjaman yang diterima adalah sebagai berikut: The details of borrowings are as follows: (continued)
(lanjutan)
Batas maksimum Perjanjian terakhir/ Suku bunga kontraktual/
Nama Bank/ Fasilitas/ kredit/ Latest agreement Contractual interest rate Cicilan pokok/
Bank Name Facility Maximum credit Principal installment
limit Awal/Start Akhir/End 2025 2024
Pinjaman/Borrowings – ex-legacy (MFIN) (lanjutan/continued)
Kredit
Angsuran
PT Bank Resona Berjangka/ 12 Desember/ 23 Desember/ Setiap satu bulan sekali/
100.000 - 7,00%
Perdania Term December 2024 December 2026 Monthly basis
Installment
Loan Facility
Pembiayaan
PT Bank BCA Mudharabah/ 12 Desember/ 25 Juni/ Setiap satu bulan sekali/
190.000 7,25% - 8,50% 7,75% - 9,50%
Syariah Mudharabah December 2024 June 2028 Monthly basis
Financing
Mudharabah
PT Bank Danamon
Angsuran/ 7 Oktober/ 7 Oktober/ Setiap satu bulan sekali/
Indonesia, Tbk - 500.000 7,00% - 7,50% 7,50%
Installment October 2025 October 2029 Monthly basis
Divisi Syariah Mudharabah
Pembiayaan
PT Bank Muamalat Mudharabah/ 12 Desember/ 30 Maret/ Setiap satu bulan sekali/
100.000 - 7,75%
Indonesia, Tbk Mudharabah December 2024 March 2025 Monthly basis
Financing
Islamic Corporation
Fasilitas USD30.000.000
For The
Murabahah/ (nilai penuh/ 25 Maret/ 4 Agustus/ Setiap tiga bulan sekali/
Development Of - 8,93% - 9,61%
Murabahah full amount) March 2022 August 2026 Quarterly basis
The Private Sector Facility (Eq. to 462.200)
(ICD)
Informasi lainnya – PT Adira Dinamika Multifinance Tbk Other information – PT Adira Dinamika Multifinance Tbk
Untuk pinjaman sindikasi MUFG Bank, Ltd. (Hong Kong), For MUFG Bank, Ltd. (Hong Kong) syndicated borrowing,
CTBC Bank Co., Ltd., DBS Bank Ltd., Maybank Securities CTBC Bank Co., Ltd., DBS Bank Ltd., Maybank Securities
PTE Ltd., MUFG Bank, Ltd., dan United Overseas Bank PTE Ltd., MUFG Bank, Ltd., dan United Overseas Bank
Limited bertindak sebagai mandated lead arrangers dan Limited acted as mandated lead arrangers and bookrunners,
bookrunners, MUFG Bank, Ltd. (Hong Kong) sebagai agent. MUFG Bank, Ltd. (Hong Kong) acted as agent. CTBC Bank
CTBC Bank Co., Ltd. (Singapore), PT Bank DBS Indonesia, Co., Ltd. (Singapore), PT Bank DBS Indonesia, Malayan
Malayan Banking Berhad (Singapore), MUFG Bank, Ltd. Banking Berhad (Singapore), MUFG Bank, Ltd. (Singapore),
(Singapore), United Overseas Bank Limited, Bank of Baroda United Overseas Bank Limited, Bank of Baroda (IFSC Banking
(IFSC Banking Unit-GIFT City), PT Bank KEB Hana Unit-GIFT City), PT Bank KEB Hana Indonesia, The Korea
Indonesia, The Korea Development Bank (Singapore), Mega Development Bank (Singapore), Mega International
International Commercial Bank Co., Ltd. (Offshore Banking), Commercial Bank Co., Ltd. (Offshore Banking), Taipei Fubon
Taipei Fubon Commercial Bank Co., Ltd. (Singapore), Bank Commercial Bank Co., Ltd. (Singapore), Bank of China Limited
of China Limited (Singapore), Sumitomo Mitsui Trust Bank, (Singapore), Sumitomo Mitsui Trust Bank, Ltd. (Singapore),
Ltd. (Singapore), E.SUN Commercial Bank, Ltd. (Singapore), E.SUN Commercial Bank, Ltd. (Singapore), The Gunma Bank,
The Gunma Bank, Ltd., Hua Nan Commercial Bank, Ltd. Ltd., Hua Nan Commercial Bank, Ltd. (Offshore Banking), Hua
(Offshore Banking), Hua Nan Commercial Bank, Ltd. Nan Commercial Bank, Ltd. (Singapore), The Shanghai
(Singapore), The Shanghai Commercial & Saving Bank, Ltd. Commercial & Saving Bank, Ltd. (Offshore Banking), Taiwan
(Offshore Banking), Taiwan Cooperative Bank (Offshore Cooperative Bank (Offshore Banking), First Commercial Bank
Banking), First Commercial Bank (Offshore Banking), State (Offshore Banking), State Bank of India (Singapore), Taishin
Bank of India (Singapore), Taishin International Bank Co., International Bank Co., Ltd., Bank of Taiwan (Singapore),
Ltd., Bank of Taiwan (Singapore), Chang Hwa Commercial Chang Hwa Commercial Bank, Ltd. (Singapore), The Chugoku
Bank, Ltd. (Singapore), The Chugoku Bank, Ltd. (Hong Bank, Ltd. (Hong Kong), Far Eastern International Bank, Ltd.,
Kong), Far Eastern International Bank, Ltd., Sunny Bank, Sunny Bank, Ltd., Taiwan Business Bank, Ltd. (Offshore
Ltd., Taiwan Business Bank, Ltd. (Offshore Banking), Taiwan Banking), Taiwan Shin Kong Commercial Bank Co., Ltd., The
Shin Kong Commercial Bank Co., Ltd., The Chiba Bank, Ltd. Chiba Bank, Ltd. (Hong Kong), The Hyakugo Bank, Ltd., The
(Hong Kong), The Hyakugo Bank, Ltd., The Joyo Bank, Ltd., Joyo Bank, Ltd., PT Bank SBI Indonesia acted as original
PT Bank SBI Indonesia bertindak sebagai original lenders. lenders.
* Tidak diaudit *Unaudited
74
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 577
Page 580
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
17. PINJAMAN YANG DITERIMA (lanjutan) 17. BORROWINGS (continued)
Informasi lainnya – PT Adira Dinamika Multifinance Tbk Other information – PT Adira Dinamika Multifinance Tbk
(lanjutan) (continued)
Pinjaman yang diterima dari Citibank, N.A., Indonesia, PT The borrowings from Citibank, N.A., Indonesia, PT Bank BCA
Bank BCA Syariah, MUFG Bank, Ltd. (Jakarta) (fasilitas I), Syariah, MUFG Bank, Ltd. (Jakarta) (facility I), PT Bank
PT Bank Danamon Indonesia Tbk, PT Bank CTBC Indonesia Danamon Indonesia Tbk, PT Bank CTBC Indonesia and PT
dan PT Bank Maybank Indonesia Tbk (fasilitas III) Bank Maybank Indonesia Tbk (facility III) are revolving
merupakan fasilitas pinjaman modal kerja berulang. working capital facilities.
Seluruh pinjaman yang diterima oleh Perseroan digunakan All of the Company’s borrowings are used for working capital
untuk modal kerja. Selama pinjaman belum dilunasi, purposes. During the period that the loan is still outstanding,
Perseroan tidak diperkenankan antara lain, mengikat diri the Company is not allowed to, among others, act as a
sebagai penjamin atas pemenuhan kewajiban pihak ketiga, guarantor for the fulfillment of third party obligations, is
diharuskan untuk memenuhi ketentuan gearing ratio paling required to comply with gearing ratio provisions for a
tinggi 10 kali dan mempertahankan rasio saldo piutang maximum of 10 times and maintain the ratio of financing
pembiayaan (outstanding principal) dengan kategori kualitas receivable (outstanding principal) categorized as non-
piutang pembiayaan bermasalah (non-performing financing) performing financing after deducting allowance for
setelah dikurangi cadangan penyisihan penghapusan impairment losses at the maximum of 5% in accordance with
piutang pembiayaan paling tinggi sebesar 5% sesuai OJK provisions, and other reporting obligation.
ketentuan OJK, dan kewajiban penyampaian laporan
lainnya.
Informasi lainnya – PT Mandala Multifinance Tbk Other information – PT Mandala Multifinance Tbk
(“MFIN”) (“MFIN”)
Berdasarkan Akta Penggabungan Usaha No. 71 tanggal Based on the Merger Deed No. 71 dated 16 July 2025 and
16 Juli 2025 dan Akta No. 65 tanggal 30 September 2025, Deed No. 65 dated 30 September 2025, all assets and
seluruh aset dan liabilitas MFIN, termasuk namun tidak liabilities of MFIN, including but not limited to debts and
terbatas pada utang dan kewajiban pembayaran payment obligations under financial facilities of any form and
berdasarkan fasilitas keuangan berupa dan dengan nama name, have been legally transferred to the Company on the
apapun, telah beralih secara hukum kepada Perseroan pada Effective Date of the Merger (1 October 2025). Accordingly,
Tanggal Efektif Penggabungan (1 Oktober 2025). Dengan all loan facilities previously received by MFIN as described
demikian, seluruh fasilitas pinjaman yang sebelumnya above have been novated and become the obligations of the
diterima oleh MFIN sebagaimana diuraikan di atas ini telah Company since that date.
dinovasikan dan menjadi kewajiban Perseroan sejak tanggal
tersebut.
Untuk pinjaman sindikasi yang diterima, PT Bank Permata For the syndicated loan received, PT Bank Permata Tbk
Tbk bertindak sebagai joint mandated lead arranger dan acted as the joint mandated lead arranger and facility agent.
facility agent. PT Bank CIMB Niaga Tbk, PT Bank KEB Hana PT Bank CIMB Niaga Tbk, PT Bank KEB Hana Indonesia, PT
Indonesia, PT Bank Pembangunan Daerah Sulawesi Selatan Bank Pembangunan Daerah Sulawesi Selatan dan Sulawesi
dan Sulawesi Barat, PT Bank Pembangunan Daerah Papua, Barat, PT Bank Pembangunan Daerah Papua, and PT Bank
dan PT Bank Pembangunan Daerah Jawa Tengah bertindak Pembangunan Daerah Jawa Tengah acted as the original
sebagai kreditur pemberi pinjaman. Fasilitas pinjaman lenders. This syndicated loan facility was fully repaid in April
sindikasi ini telah dilunasi seluruhnya pada April 2025. 2025.
Pinjaman yang diterima MFIN terdiri dari fasilitas pinjaman The borrowings received by MFIN consist of installment loan
angsuran dan pinjaman rekening koran dari PT Bank Central and current account loan facilities from PT Bank Central Asia
Asia Tbk; fasilitas pinjaman kredit investasi dan pinjaman Tbk; investment credit loan and working capital credit loan
kredit modal kerja dari PT Bank Mandiri (Persero) Tbk; facilities from PT Bank Mandiri (Persero) Tbk; current account
fasilitas kredit rekening koran (revolving) dan kredit credit (revolving) and term credit (revolving) facilities from PT
berjangka (revolving) dari PT Bank Danamon Indonesia Tbk; Bank Danamon Indonesia Tbk; as well as sharia financing
serta fasilitas pembiayaan syariah berupa pembiayaan facilities in the form of working capital mudharabah financing
modal kerja mudharabah (revolving) dari PT Bank BCA (revolving) from PT Bank BCA Syariah and mudharabah
Syariah dan mudharabah angsuran (non-revolving) dari Unit installment (non-revolving) from the Sharia Unit of PT Bank
Usaha Syariah PT Bank Danamon Indonesia Tbk. Mayoritas Danamon Indonesia Tbk. The majority of these facilities are
fasilitas tersebut dijamin dengan fidusia atas piutang secured by a fiduciary transfer of the Company's consumer
pembiayaan konsumen Perseroan. Fasilitas pinjaman financing receivables. Other loan facilities from The Islamic
lainnya dari The Islamic Corporation for the Development of Corporation for the Development of the Private Sector (ICD),
the Private Sector (ICD), PT Bank Negara Indonesia PT Bank Negara Indonesia (Persero) Tbk, PT Bank Maspion
(Persero) Tbk, PT Bank Maspion Indonesia Tbk, dan PT Indonesia Tbk, and PT Bank Muamalat Indonesia Tbk were
Bank Muamalat Indonesia Tbk telah dilunasi selama tahun settled during the current year of 2025.
berjalan tahun 2025.
* Tidak diaudit *Unaudited
75
578 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 581
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
17. PINJAMAN YANG DITERIMA (lanjutan) 17. BORROWINGS (continued)
Informasi lainnya – PT Mandala Multifinance Tbk Other information – PT Mandala Multifinance Tbk
(“MFIN”) (lanjutan) (“MFIN”) (continued)
Selama pinjaman belum dilunasi, Perseroan tidak During the period that the borrowings are still outstanding,
diperkenankan antara lain, mengikat diri sebagai penjamin MFIN is not allowed to, among others, act as a guarantor for
atas pemenuhan kewajiban pihak ketiga, diharuskan untuk the fulfillment of third-party obligations, is required to comply
memenuhi berbagai ketentuan finansial termasuk gearing with various financial covenants including a maximum gearing
ratio paling tinggi 9 kali, mempertahankan rasio pembiayaan ratio of 9 times, maintaining its non-performing financing ratio
bermasalah (non-performing financing) paling tinggi sebesar at a maximum of 3.5%, and net credit losses shall not exceed
3,5%, dan net credit losses paling tinggi sebesar 7% sesuai 7% in accordance with OJK provisions, and is subject to other
ketentuan OJK, serta tunduk pada kewajiban pelaporan dan reporting and notification obligations to the lenders.
pemberitahuan lainnya kepada kreditur.
Pada tanggal 31 Desember 2024, MFIN tidak memenuhi As of December 31, 2024, MFIN did not meet several financial
(breach) beberapa pembatasan finansial terkait pinjaman debt covenants related to loans from PT Bank Mandiri
dari PT Bank Mandiri (Persero) Tbk, PT Bank Maspion (Persero) Tbk, PT Bank Maspion Indonesia Tbk and PT Bank
Indonesia Tbk dan PT Bank Muamalat Indonesia Tbk. MFIN Muamalat Indonesia Tbk. MFIN and the Bank have
dan Bank telah melakukan komunikasi atas kondisi breach communicated on this breach condition for which the Banks
ini dimana Bank meminta MFIN untuk menyampaikan asked MFIN to submit a commitment to improve the required
komitmen perbaikan rasio yang dipersyaratkan. Tidak ratios. There are no default of payment on MFIN's loans as of
terdapat tunggakan pembayaran atas pinjaman MFIN pada 31 December 2024, or an early payment request for this
tanggal 31 Desember 2024 maupun permintaan pembayaran breach condition by the Bank.
dipercepat atas kondisi breach ini oleh Bank.
MFIN telah melakukan pembayaran kewajiban atas seluruh MFIN has repaid all of its borrowings obligations in a timely
pinjaman secara tepat waktu. Per tanggal 30 September manner. As of 30 September 2025, MFIN has fulfilled the
2025, MFIN telah memenuhi pembatasan-pembatasan debts covenants requirements and other non-financial debt
finansial dan nonfinansial yang diwajibkan dalam perjanjian covenants.
pinjaman.
Informasi lainnya Other information
Saldo pinjaman yang diterima dalam mata uang asing The outstanding balance of the borrowings denominated in
sebesar USD207.834.528 dan JPY5.653.380.000 (nilai foreign currency amounted to USD207,834,528 and
penuh) pada tanggal 31 Desember 2025, dan sebesar JPY5,653,380,000 (full amount) as of 31 December 2025, and
USD268.619.040 dan JPY10.320.084.000 (nilai penuh) pada amounted to USD268,619,040 and JPY10,320,084,000 (full
tanggal 31 Desember 2024, termasuk bunganya telah amount) as of 31 December 2024, including the interest which
dilindung nilai dengan kontrak cross currency and interest hedged by cross currency and interest rate swap (see Notes
rate swap (lihat Catatan 11 dan 43). 11 and 43).
Pada tahun 2025 dan 2024, amortisasi beban provisi atas In 2025 and 2024, the amortisation of the provision expenses
pinjaman yang diterima yang dibebankan ke laporan laba rugi on borrowings was charged to the statement of profit or loss
diungkapkan pada Catatan 35. are disclosed in Note 35.
Pembayaran bunga dan pokok pinjaman telah dibayarkan Interest and principal loan payments have been paid by the
oleh Perseroan sesuai dengan jadwal. Company on schedule.
Pada tanggal 31 Desember 2025, Perseroan telah memenuhi As of 31 December 2025, the Company has complied with all
seluruh persyaratan yang disebutkan dalam perjanjian the requirements mentioned in the loan facility agreements.
fasilitas-fasilitas pinjaman ini.
Lihat Catatan 39 untuk rincian saldo dan transaksi dengan Refer to Note 39 for details of balances and transactions with
pihak berelasi. related parties.
Informasi mengenai klasifikasi dan nilai wajar pinjaman yang Information with respect to the classification and fair value of
diterima diungkapkan pada Catatan 41. borrowings are disclosed in Note 41.
* Tidak diaudit *Unaudited
76
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 579
Page 582
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
18. BEBAN YANG MASIH HARUS DIBAYAR 18. ACCRUED EXPENSES
2024
Disajikan kembali/
2025 - Restated *) -
Pihak ketiga Third parties
Promosi 146.521 89.720 Promotion
Bunga 110.761 92.366 Interest
Perolehan pembiayaan konsumen 78.020 78.839 Acquisition cost of consumer financing
Bagi hasil sukuk mudharabah 16.682 12.403 Revenue sharing for mudharabah bonds
Marjin mudharabah 973 951 Mudharabah margin
Lain-lain 325.530 317.995 Others
678.487 592.274
Pihak berelasi Related parties
Premi asuransi kesehatan 40.286 43.278 Health insurance premium
Bunga 36.019 47.996 Interest
Bagi hasil sukuk mudharabah 438 438 Revenue sharing for mudharabah bonds
Marjin mudharabah 366 10 Mudharabah margin
Premi asuransi aset tetap dan lainnya - 62 Insurance premium of fixed assets and others
77.109 91.784
- 755.596 - 684.058
Akun lain-lain terdiri dari beban operasional lainnya yang Others consist of other operating expenses accruals.
masih harus dibayar.
Lihat Catatan 39 untuk rincian saldo dan transaksi dengan Refer to Note 39 for details of balances and transactions with
pihak berelasi. related parties.
Informasi mengenai klasifikasi dan nilai wajar beban bunga, Information with respect to the classification and fair value of
bagi hasil sukuk mudharabah dan marjin mudharabah yang accrued interest expenses, revenue sharing for mudharabah
masih harus dibayar diungkapkan pada Catatan 41. bonds and mudharabah margin are disclosed in Note 41.
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
77
580 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 583
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
19. UTANG OBLIGASI 19. BONDS PAYABLE
2024
Disajikan kembali/
2025 - Restated *) -
Nilai nominal: Nominal value:
Obligasi Berkelanjutan V Tahap III Continuing Bonds V Phase III
Pihak ketiga 239.950 1.056.300 Third parties
Pihak berelasi 10.050 23.700 Related parties
Obligasi Berkelanjutan VI Tahap I Continuing Bonds VI Phase I
Pihak ketiga 1.194.250 1.191.900 Third parties
Pihak berelasi 100.750 103.100 Related parties
Obligasi Berkelanjutan VI Tahap II Continuing Bonds VI Phase II
Pihak ketiga 415.610 415.610 Third parties
Obligasi Berkelanjutan VI Tahap III Continuing Bonds VI Phase III
Pihak ketiga 520.796 1.600.000 Third parties
Obligasi Berkelanjutan VI Tahap IV Continuing Bonds VI Phase IV
Pihak ketiga 1.155.000 1.940.000 Third parties
Pihak berelasi 60.000 60.000 Related parties
Obligasi Berkelanjutan VI Tahap V Continuing Bonds VI Phase V
Pihak ketiga 2.066.793 - Third parties
Pihak berelasi 200 - Related parties
Obligasi Berkelanjutan VII Tahap I Continuing Bonds VII Phase I
Pihak ketiga 1.195.950 - Third parties
Pihak berelasi 4.050 - Related parties
Obligasi Berkelanjutan VII Tahap II Continuing Bonds VII Phase II
Pihak ketiga 1.642.000 - Third parties
Pihak berelasi 8.000 - Related parties
Dikurangi: Less:
Biaya emisi obligasi yang belum diamortisasi (17.374) (12.780) Unamortised bonds issuance costs
Utang obligasi - neto - 8.596.025 - 6.377.830 Bonds payable - net
Dikurangi: Less:
Bagian yang jatuh tempo dalam waktu satu
tahun 3.411.792 2.691.007 Current portion
Bagian yang jatuh tempo lebih dari satu tahun - 5.184.233 - 3.686.823 Non-current portion
Amortisasi biaya emisi obligasi yang Amortisation of bonds issuance
dibebankan ke laporan laba rugi costs charged to the statements of
(lihat Catatan 35) - 12.488 - 9.965 profit or loss (see Note 35)
Sesuai dengan perjanjian perwaliamanatan obligasi, rasio According to the trustee bonds agreement, debt to equity ratio
jumlah pinjaman terhadap ekuitas tidak melebihi ketentuan, should not exceed the provision, at maximum 10:1. Moreover,
yaitu maksimal 10:1. Selain itu, selama pokok obligasi belum during the time that the bonds principals are still outstanding,
dilunasi, Perseroan tidak diperkenankan, antara lain melakukan the Company is not allowed to, among others, merge unless
penggabungan usaha kecuali dilakukan pada bidang usaha performed on the same business and sell or assign more than
yang sama serta menjual atau mengalihkan lebih dari 40% aset 40% of the Company’s non-consumer financing receivables
Perseroan yang bukan piutang pembiayaan konsumen. assets.
Pada tanggal 31 Desember 2025 dan 2024, Perseroan telah As of 31 December 2025 and 2024, the Company had paid
melakukan pembayaran bunga obligasi sesuai dengan jatuh the bonds interest on schedule as stated in the trustee
tempo yang telah ditetapkan dalam perjanjian agreement and complied with all the requirements mentioned
perwaliamanatan dan telah memenuhi seluruh persyaratan in the trustee agreement. Total principal of bonds have been
yang disebutkan dalam perjanjian perwaliamanatan. Jumlah paid in accordance with the respective bonds’ maturity date.
pokok utang obligasi telah dibayarkan sesuai dengan tanggal
jatuh tempo obligasi yang bersangkutan.
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
78
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 581
Page 584
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
19. UTANG OBLIGASI (lanjutan) 19. BONDS PAYABLE (continued)
Pada tanggal 31 Desember 2025 dan 2024, seluruh obligasi As of 31 December 2025 and 2024, all of the Company’s
Perseroan mendapat peringkat idAAA dari PT Pemeringkat bonds are rated idAAA by PT Pemeringkat Efek Indonesia
Efek Indonesia (Pefindo). (Pefindo).
Beban bunga atas utang obligasi pada tahun 2025 sebesar The interest expenses of bonds payable in 2025 amounted to
Rp507.151 (2024 : Rp413.854) (lihat Catatan 35). Rp507,151 (2024: Rp413,854) (see Note 35).
Rata-rata tertimbang tingkat suku bunga efektif per tahun The weighted average effective interest rate per annum on
atas utang obligasi pada tanggal 31 Desember 2025 sebesar bonds payable as of 31 December 2025 was 6.37% (2024:
6,37% (2024: 6,33%). 6.33%).
Lihat Catatan 39 untuk rincian saldo dan transaksi dengan Refer to Note 39 for details of balances and transactions with
pihak berelasi. related parties.
Informasi mengenai klasifikasi dan nilai wajar utang obligasi Information with respect to the classification and fair value of
diungkapkan pada Catatan 41. bonds payable is disclosed in Note 41.
20. UTANG LAIN-LAIN 20. OTHER PAYABLES
2024
Disajikan kembali/
2025 - Restated *) -
Pihak ketiga Third parties
Pendapatan diterima dimuka 192.774 205.519 Deferred income
Titipan konsumen 111.491 36.182 Customers deposits
Utang kepada dealer 58.068 223.593 Payables to dealers
Premi asuransi 22.581 36.437 Insurance premium
Pengurusan fidusia 9.820 8.613 Fiduciary fees
Lain-lain 50.976 179.116 Others
445.710 689.460
Pihak berelasi Related parties
Pendapatan diterima dimuka 569.834 557.733 Deferred income
Premi asuransi 145.595 121.495 Insurance premium
Pemulihan dari piutang yang dihapus- Recovery of written off receivables from
bukukan porsi pembiayaan bersama 30.247 28.815 joint financing portion
Denda keterlambatan porsi pembiayaan
bersama 4.049 4.826 Late charges from joint financing portion
Utang kepada dealer - 48 Payables to dealers
Lain-lain 131.893 2.278 Others
881.618 715.195
- 1.327.328 - 1.404.655
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
79
582 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 585
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
20. UTANG LAIN-LAIN (lanjutan) 20. OTHER PAYABLES (continued)
Utang kepada dealer Payables to dealers
Utang kepada dealer merupakan liabilitas Perseroan kepada Payables to dealers represent the Company’s liabilities to
dealer atas kontrak pembiayaan yang telah disetujui dan dealers for the approved financing contracts and the dealers
pihak dealer telah menyerahkan kendaraan kepada have delivered the vehicles to the consumers.
konsumen.
Pendapatan diterima dimuka Deferred income
Berdasarkan perjanjian pada tanggal 27 September 2018, Based on the agreement dated 27 September 2018, the
Perseroan dan PT Zurich Asuransi Indonesia Tbk, pihak Company and PT Zurich Asuransi Indonesia Tbk, related
berelasi, setuju untuk bekerjasama dalam mempromosikan party, agreed to enter into a cooperation agreement in
dan memperkenalkan produk asuransi PT Zurich Asuransi promoting and introducing insurance products of PT Zurich
Indonesia Tbk kepada konsumen Perseroan selama masa Asuransi Indonesia Tbk to the Company’s consumers during
efektif, yaitu 20 tahun. Sebagai imbal balik, Perseroan telah the effective period of 20 years. In return, the Company
menerima access fee dari PT Zurich Asuransi Indonesia Tbk received access fees from PT Zurich Asuransi Indonesia
pada tanggal 27 November 2019 dan 24 Desember 2025 Tbk on 27 November 2019 and 24 December 2025
masing-masing sebesar Rp752.000 dan Rp50.000 yang amounted to Rp752,000 and Rp50,000 respectively, which
dicatat sebagai pendapatan diterima dimuka dan telah were recorded as deferred income and have been amortised
diamortisasi selama tahun 2025 dan 2024 masing-masing in 2025 and 2024 amounted to Rp37,899 and Rp37,600,
sebesar Rp37.899 dan Rp37.600. respectively.
Berdasarkan perjanjian pada tanggal 31 Maret 2020, Based on the agreement dated 31 March 2020, the
perusahaan induk Perseroan, PT Bank Danamon Indonesia Company’s parent entity, PT Bank Danamon Indonesia Tbk
Tbk (“Bank Danamon”) dan PT Asuransi Jiwa Manulife (“Bank Danamon”) and PT Asuransi Jiwa Manulife agreed to
setuju untuk memperpanjang collaboration agreement yang extend their existing collaboration agreement in promoting
ada dalam mempromosikan dan memperkenalkan produk and introducing insurance products of PT Asuransi Jiwa
asuransi PT Asuransi Jiwa Manulife kepada konsumen Bank Manulife to Bank Danamon and the Company’s consumers.
Danamon dan Perseroan. Sebagai imbal balik, Bank In return, Bank Danamon and the Company has received
Danamon dan Perseroan telah menerima collaboration fee collaboration fee from PT Asuransi Jiwa Manulife which
dari PT Asuransi Jiwa Manulife yang diakui sebagai were recognised as deferred income and amortised in
pendapatan diterima dimuka dan diamortisasi ke laporan statement of profit or loss.
laba rugi.
Lihat Catatan 39 untuk rincian saldo dan transaksi dengan Refer to Note 39 for details of balances and transactions with
pihak berelasi. related parties.
Informasi mengenai klasifikasi dan nilai wajar utang kepada Information with respect to the classification and fair value of
dealer dan utang premi asuransi diungkapkan pada Catatan payables to dealers and insurance premium payables is
41. disclosed in Note 41.
21. LIABILITAS SEWA 21. LEASE LIABILITIES
Analisis jatuh tempo liabilitas sewa yang didiskontokan Maturity analysis of discounted lease liabilities is as follows:
sebagai berikut:
2024
Disajikan kembali/
2025 - Restated *) -
< 1 tahun 30.599 28.370 < 1 year
1-5 tahun 79.066 109.608 1-5 years
109.665
1 137.978
1
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
80
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 583
Page 586
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
21. LIABILITAS SEWA (lanjutan) 21. LEASE LIABILITIES (continued)
Analisis jatuh tempo liabilitas sewa yang tidak didiskontokan Maturity analysis of undiscounted lease liabilities is as
sebagai berikut: follows:
2024
Disajikan kembali/
2025 - Restated *) -
< 1 tahun 38.336 38.336 < 1 year
1-5 tahun 87.653 125.989 1-5 years
- 125.989 - 164.325
Liabilitas sewa yang tercatat merupakan kewajiban Lease liabilities are the Company’s obligation as a lessee to
Perseroan sebagai penyewa untuk melakukan pembayaran make payments in accordance with the lease agreement
sesuai dengan perjanjian sewa yang didiskontokan terhadap which is discounted to the incremental borrowing interest
tingkat suku bunga pinjaman inkremental. Adapun perjanjian rate. The lease agreements consist of buildings and data
sewa terdiri dari bangunan dan data centre. centre.
Perseroan mengadakan perjanjian sewa sebagai berikut: The Company has lease agreement as follows:
Pihak lawan/ Item yang disewa/ Periode perjanjian/
Counterparties Leased items Period of agreement
Kantor pusat di Jakarta/ 16 September/September 2019 –
PT Permata Birama Sakti
Head office at Jakarta 15 September/September 2029
Data Centre di Jakarta/ 7 Oktober/October 2024 –
PT DCI Indonesia
Data Centre at Jakarta 6 Oktober/October 2027
22. PERPAJAKAN 22. TAXATION
a. Pajak dibayar dimuka a. Prepaid tax
2024
Disajikan kembali/
2025 - Restated *) -
Surat ketetapan pajak 39.763 61.281 Tax assessment letters
Pajak penghasilan badan ex-legacy (MFIN) 31.115 - Ex-legacy (MFIN) corporate income tax
Pajak penghasilan Pasal 21 - 12.528 Income tax Article 21
- 70.878 - 73.809
b. Utang pajak b. Taxes payable
2024
Disajikan kembali/
2025 - Restated *) -
Pajak pertambahan nilai dan meterai 13.883 7.550 Value added tax and duty stamp
Pajak penghasilan: Income tax:
Pasal 21 2.132 2.240 Article 21
Pasal 23 dan 26 6.715 9.428 Articles 23 and 26
Pasal 29 tahun 2024 - Perseroan - 118.185 Article 29 of 2024 - Company
Pasal 25 dan 29 tahun 2024 - Article 25 and 29 of 2024 -
Ex-legacy (MFIN) - 105.739 Ex-legacy (MFIN)
Pasal 29 tahun berjalan - Perseroan 160.203 - Article 29 current year - Company
Pasal 4(2) 1.155 1.947 Article 4(2)
- 184.088 - 245.089
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
81
584 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 587
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
22. PERPAJAKAN (lanjutan) 22. TAXATION (continued)
c. Beban pajak penghasilan c. Income tax expense
Untuk tahun yang berakhir 31 Desember 2025, beban For the year ended 31 December 2025, the Company’s
pajak penghasilan Perseroan mencakup pajak kini, income tax expense comprises current tax, deferred tax,
tangguhan dan penyesuaian tahun sebelumnya MFIN and prior-year tax adjustments of MFIN (see the table
(lihat tabel dibawah bagian Ex-legacy), yang timbul dari below under the Ex-legacy section), arising from the
hasil penggabungan laba rugi MFIN untuk periode 1 inclusion of MFIN’s statement of profit or loss for the
Januari 2025 sampai dengan 30 September 2025 period from 1 January 2025 to 30 September 2025 in
sesuai dengan PSAK 338 (lihat Catatan 2y). MFIN accordance with SFAS 338 (see Note 2y). MFIN has the
memiliki kewajiban untuk menyelesaikan kewajiban- obligation to fulfill these tax obligations with the
kewajiban perpajakan tersebut kepada Direktorat Directorate General of Taxes (“DGT”).
Jenderal Pajak (“DJP”).
2024
Disajikan kembali/
2025 - Restated *) -
PT Adira Dinamika Multi Finance Tbk PT Adira Dinamika Multi Finance Tbk
Kini 400.243 389.213 Current
Tangguhan (11.497) (45.083) Deferred
Surat ketetapan pajak 4.099 1.504 Tax assessment letter
392.845 345.634
Ex-legacy (PT Mandala Multifinance Tbk) Ex-legacy (PT Mandala Multifinance Tbk)
Kini 24.174 162.736 Current
Tangguhan 26.203 (33.609) Deferred
Penyesuaian tahun sebelumnya 684 810 Prior year adjustment
51.061 129.937
- 443.906 - 475.571
Rekonsiliasi antara laba sebelum beban pajak Reconciliation between income before income tax
penghasilan, sebagaimana yang disajikan dalam expense, as shown in the statement of profit or loss and
laporan laba rugi dengan laba kena pajak adalah taxable income is as follows:
sebagai berikut:
2024
Disajikan kembali/
2025 - Restated *) -
Laba sebelum beban pajak penghasilan Company's income before income tax
Perseroan (1 Januari - 31 Desember 2024) - 2.286.372 expense (1 January - 31 December 2024)
Laba sebelum beban pajak penghasilan MFIN's income before income tax expense
MFIN (1 April - 31 Desember 2024) - (554.166) (1 April - 31 December 2024)
Laba sebelum beban pajak penghasilan Company's income before income tax
Perseroan (1 Januari - 31 Desember 2025) 1.988.844 - expense (1 January - 31 December 2025)
Laba sebelum beban pajak penghasilan MFIN's income before income tax expense
MFIN (1 Januari - 30 September 2025) (194.193) - expense (1 January - 30 September 2025)
Dampak merger (7.562) 20.110 Merger impact
Laba sebelum beban pajak penghasilan 1.787.089
- 1.752.316
- Income before income tax expense
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
82
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 585
Page 588
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
22. PERPAJAKAN (lanjutan) 22. TAXATION (continued)
c. Beban pajak penghasilan (lanjutan) c. Income tax expense (continued)
Rekonsiliasi antara laba sebelum beban pajak Reconciliation between income before income tax
penghasilan, sebagaimana yang disajikan dalam expense, as shown in the statement of profit or loss and
laporan laba rugi dengan laba kena pajak adalah taxable income is as follows: (continued)
sebagai berikut: (lanjutan)
2024
Disajikan kembali/
2025 - Restated *) -
Laba sebelum beban pajak penghasilan 1.787.089 1.752.316 Income before income tax expense
Beda temporer: Temporary differences:
Imbalan kerja karyawan 81.727 72.893 Employees’ benefits
Pemasaran 55.031 (77.493) Marketing
Aset hak guna 16.257 22.884 Right-of-use assets
Lindung nilai arus kas 854 - Cash flow hedge
Penyisihan kerugian penurunan Provision for impairment losses
nilai piutang lain-lain 55 266 on other receivables
Penyisihan kerugian penurunan Provision for impairment losses
nilai piutang pembiayaan konsumen, on consumer financing receivables,
piutang pembiayaan murabahah, murabahah financing receivables,
dan piutang sewa pembiayaan (38.038) 376.615 and finance leases receivables
Penyusutan aset tetap (31.508) 6.033 Depreciation of fixed assets
Liabilitas sewa (18.384) (19.999) Lease liabilities
Biaya lainnya yang masih harus dibayar Accrued other expenses
dan kesejahteraan karyawan (13.734) (176.277) and employees’ welfare
52.260 204.922
Beda permanen: Permanent differences:
Laba bersih entitas asosiasi yang diserap 7.562 (20.110) Net income of associate absorbed
Pajak final atas pendapatan jasa giro Final tax of interest income from
dan penghasilan final lainnya 6.442 15.282 current accounts and other final income
Pendapatan jasa giro Interest income from current accounts
dan penghasilan final lainnya (33.800) (76.450) and other final income
Beban yang tidak dapat dikurangkan (264) (106.812) Non-deductible expenses
(20.060) (188.090)
Laba kena pajak 1.819.289 1.769.148 Taxable income
Beban pajak penghasilan 400.243 389.213 Income tax expense
Dikurangi: estimasi pajak dibayar dimuka (240.040) (271.028) Less: estimated prepaid taxes
Estimasi utang pajak penghasilan badan - 160.203 - 118.185 Estimated corporate income tax payable
Perhitungan pajak penghasilan badan untuk tahun The above calculation of income tax for the year ended
yang berakhir pada tanggal 31 Desember 2025 di atas 31 Desember 2025 was a preliminary estimate for
adalah suatu perhitungan sementara untuk tujuan accounting purposes and is subject to change at the time
akuntansi dan dapat berubah pada waktu Perseroan the Company submits its Annual Corporate Income Tax
menyampaikan Surat Pemberitahuan (SPT) Tahunan Return.
pajak penghasilan badan.
Laba kena pajak hasil rekonsiliasi untuk tahun 2024 Taxable income which resulted from reconciliation for the
sesuai dengan SPT Tahunan PPh Badan Perseroan. year 2024 conforms with the Company’s Annual
Corporate Income Tax Return.
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
83
586 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 589
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
22. PERPAJAKAN (lanjutan) 22. TAXATION (continued)
c. Beban pajak penghasilan (lanjutan) c. Income tax expense (continued)
Rekonsiliasi atas beban pajak penghasilan dengan The reconciliation between income tax expense and
perkalian laba sebelum beban pajak penghasilan dan income before income tax expense multiplied by the
tarif pajak maksimum yang berlaku adalah sebagai maximum marginal tax rate was as follows:
berikut:
2024
Disajikan kembali/
2025 - Restated *) -
Laba sebelum beban pajak penghasilan 1.787.089 1.752.316 Income before income tax expense
Dikurangi: pendapatan bunga dan penghasilan Less: net interest income and other
final lainnya yang dikenakan pajak final (27.358) (61.168) final income subjected to final tax
1.759.731 1.691.148
Tarif pajak 22% 387.140 372.053 Tax rate of 22%
Perbedaan permanen dengan tarif pajak 22% 1.606 (27.923) Permanent differences at 22%
Surat ketetapan pajak 4.099 1.504 Tax assessment letter
Beban pajak penghasilan - 392.845 - 345.634 Income tax expense
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
84
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 587
Page 590
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
22. PERPAJAKAN (lanjutan) 22. TAXATION (continued)
d. Aset/(liabilitas) pajak tangguhan - neto d. Deferred tax asset/(liabilities) - net
2025 1
Dikreditkan ke
(Dibebankan)/ ekuitas dari
dikreditkan ke pendapatan
laba tahun komprehensif
berjalan/ lain/
(Charged)/ Credited to
Saldo awal/ credited to equity from other Saldo akhir/
Beginning income for comprehensive Ending
- balance - the year - income - balance
Aset pajak tangguhan: Deferred tax assets:
Imbalan kerja yang
masih harus dibayar 167.556 (2.164) (8.221) 157.171 Accrued employees’ benefits
Biaya lainnya yang masih
harus dibayar dan Accrued other expenses and
kesejahteraan karyawan 72.912 (3.022) - 69.890 employees’ welfare
Cadangan kerugian Allowance for impairment
penurunan nilai atas losses on consumer
piutang pembiayaan financing receivables,
konsumen, piutang murabahah financing
pembiayaan murabahah dan receivables and
piutang sewa pembiayaan 224.251 (13.011) - 211.240 finance lease receivables
Pemasaran 20.815 12.107 - 32.922 Marketing
Lindung nilai arus kas
(menerapkan akuntansi Cash flow hedge
lindung nilai) 3.207 - 11.522 14.729 (apply hedge accounting)
Lindung nilai arus kas
(tidak menerapkan akuntansi Cash flow hedge
lindung nilai) - 188 - 188 (not apply hedge accounting)
Liabilitas sewa 28.170 (4.045) - 24.125 Lease liabilities
Cadangan kerugian Allowance for impairment
penurunan nilai losses on other
piutang lain-lain 121 12 - 133 receivables
517.032 (9.935) 3.301 510.398
Liabilitas pajak tangguhan: Deferred tax liabilities:
Penyusutan aset tetap (14.777) (8.347) - (23.124) Depreciation of fixed assets
Aset hak guna (20.440) 3.576 - (16.864) Right-of-use asset
Perubahan nilai wajar Changes in fair value on
investasi dalam saham (2.704) - (5.691) (8.395) investment in shares
(37.921) (4.771) (5.691) (48.383)
Aset pajak tangguhan - neto - 479.111 - (14.706) - (2.390) - 462.015 Deferred tax assets - net
* Tidak diaudit *Unaudited
85
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Page 591
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
22. PERPAJAKAN (lanjutan) 22. TAXATION (continued)
d. Aset/(liabilitas) pajak tangguhan - neto (lanjutan) d. Deferred tax asset/(liabilities) - net (continued)
2024
Disajikan kembali/Restated *) 1
Dikreditkan ke
ekuitas dari
(Dibebankan)/ pendapatan
dikreditkan ke komprehensif
laba tahun lain/ Penambahan
berjalan/ Credited to dari
(Charged)/ equity from penggabungan
Saldo awal/ credited to other usaha/ Saldo akhir/
Beginning income for comprehensive Additions from Ending
- balance - the year - income - merger - balance
Aset pajak tangguhan: Deferred tax assets:
Imbalan kerja yang
masih harus dibayar 134.171 19.781 2.187 11.417 167.556 Accrued employees’ benefits
Biaya lainnya yang masih
harus dibayar dan Accrued other expenses and
kesejahteraan karyawan 111.693 (38.781) - - 72.912 employees’ welfare
Cadangan kerugian Allowance for impairment
penurunan nilai atas losses on consumer
piutang pembiayaan financing receivables,
konsumen, piutang murabahah financing
pembiayaan murabahah dan receivables and
piutang sewa pembiayaan 81.388 112.925 - 29.938 224.251 finance lease receivables
Pemasaran 37.863 (17.048) - - 20.815 Marketing
Lindung nilai arus kas
(menerapkan akuntansi Cash flow hedge
lindung nilai) 211 - 2.996 - 3.207 (apply hedge accounting)
Liabilitas sewa 32.570 (4.400) - - 28.170 Lease liabilities
Cadangan kerugian Allowance for impairment
penurunan nilai losses on other
piutang lain-lain 63 58 - - 121 receivables
397.959 72.535 5.183 41.355 517.032
Liabilitas pajak tangguhan: Deferred tax liabilities:
Penyusutan aset tetap Depreciation of fixed assets
Penyusutan aset tetap (17.519) 1.122 - 1.620 (14.777) Depreciation of fixed assets
Aset hak guna (25.475) 5.035 - - (20.440) Right-of-use asset
Beban lain-lain Stock dividend
Perubahan nilai wajar Changes in fair value on
investasi dalam saham - - (2.704) - (2.704) investment in shares
(42.994) 6.157 (2.704) 1.620 (37.921)
Aset pajak tangguhan - neto - 354.965 - 78.692 - 2.479 - 42.975 - 479.111 Deferred tax assets - net
e. Sengketa pajak e. Tax disputes
Tahun pajak 2017 Fiscal year 2017
Pada tanggal 28 Juni 2022, Perseroan menerima SKP On 28 June 2022, the Company received Tax
untuk tahun fiskal 2017. Berdasarkan SKP tersebut, Assessment Letters for the fiscal year 2017. Based on the
Kantor Pajak menetapkan kurang bayar atas PPh Pasal Assessment Letters, the Tax Office confirmed the
21, PPh Pasal 23/26, PPN, dan Pajak Penghasilan underpayment of Article 21 Income Tax, Withholding Tax
Badan dengan jumlah keseluruhan Rp28.324 yang di Articles 23/26, VAT, and Corporate Income Tax
dalamnya terdapat porsi lebih bayar PPh Badan aggregating Rp28,324 which include Corporate Income
Rp14.909 yang disetujui oleh Kantor Pajak. Perseroan Tax overpayment of Rp14,909 agreed by Tax Office. The
setuju dengan koreksi lebih bayar PPh Badan sebesar Company agreed with correction on Corporate Income
Rp14.909 dan koreksi kurang bayar PPh Pasal 21, PPh Tax overpayment of Rp14,909 and correction on Article
Pasal 23/26, PPN Luar Negeri sebesar Rp1.274. 21, Articles 23/26, Overseas VAT underpayment of
Rp1,274.
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
86
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 589
Page 592
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
22. PERPAJAKAN (lanjutan) 22. TAXATION (continued)
e. Sengketa pajak (lanjutan) e. Tax disputes (continued)
Tahun pajak 2017 (lanjutan) Fiscal year 2017 (continued)
Pada tanggal 31 Agustus 2022, Perseroan mengajukan On 31 August 2022, the Company has submitted the
keberatan atas sisa ketetapan kurang bayar Pajak objection on Corporate Income Tax underpayment of
Penghasilan Badan sebesar Rp17.278 dan ketetapan Rp17,278 and VAT underpayment of Rp24,681 (including
kurang bayar PPN sebesar Rp24.681 (termasuk denda). penalties). For VAT case, on 30 March 2023, the Company
Untuk kasus PPN, pada tanggal 30 Maret 2023, has received Objection Decision reducing the VAT
Perseroan telah menerima Keputusan Keberatan yang payable from Rp24,681 to Rp21,976. For CIT case, on
isinya mengurangkan PPN terutang dari Rp24.681 2 May 2023, the Company has received Objection
menjadi Rp21.976. Untuk kasus PPh Badan, pada Decision that granted part of the Company's objection,
tanggal 2 Mei 2023, Perseroan telah menerima amounting to Rp12,791 out of a total request amounting to
Keputusan Keberatan yang isinya mengabulkan Rp17,278. The Company has received tax refund from the
sebagian permohonan keberatan sebesar Rp12.791 portion of CIT and VAT that was granted during the
dari total permohonan sebesar Rp17.278. Perseroan objection process. For rejected portion on CIT case of
telah menerima pengembalian pajak dari porsi PPh Rp4,487, the company agreed with CIT objection decision
Badan dan PPN yang dikabulkan pada proses amounting to Rp388 which was charged to the statement
keberatan. Atas porsi PPh Badan yang ditolak of profit or loss on June 2023.
keberatannya sebesar Rp4.487, Perseroan menyetujui
sebagian keputusan keberatan sebesar Rp388 yang
telah dibebankan ke laporan laba rugi Juni 2023.
Pada tanggal 14 Juni 2023, Perseroan mengajukan On 14 June 2023, the Company filed appeal request to
banding untuk kasus PPh Badan sebesar Rp4.099 dan Tax Court for CIT case of Rp4,099 and VAT case of
kasus PPN sebesar Rp21.976. Pada tanggal 15 Mei Rp21,976. On 15 May 2024, the Tax Court decided on the
2024, Pengadilan Pajak memutuskan sengketa PPh Company's CIT and VAT dispute. In the Tax Court's
Badan dan PPN Perseroan. Dalam Putusan Pengadilan Decision for the CIT case for Fiscal Year 2017, the Panel
Pajak untuk kasus PPh Badan Tahun Pajak 2017, of Judges rejected the Company's appeal amounting to
Majelis Hakim menolak permohonan banding Perseroan Rp4,099. In the Tax Court's Decision for the VAT case, the
sebesar Rp4.099. Dalam Putusan Pengadilan Pajak Panel of Judges rejected the Company's appeal
untuk kasus PPN, Majelis Hakim menolak permohonan amounting to Rp21,976.
banding Perseroan sebesar Rp21.976.
Pada tanggal 19 Juli 2024, Perseroan mengajukan On 19 July 2024, the Company has submitted a Judicial
Permohonan Peninjauan Kembali atas kasus PPh Review to Supreme Court for CIT case of Rp4,099 and
Badan sebesar Rp4.099 dan kasus PPN sebesar VAT case of Rp21,976 which was rejected by the Panel of
Rp21.976 yang ditolak oleh Majelis Hakim. Perseroan Judges. The Company has received Supreme Court
telah menerima Putusan Mahkamah Agung yang isinya Decisions that granted the Judicial Review of VAT case
mengabulkan Permohonan Peninjauan Kembali atas and reject the Judicial Review of CIT case. The Company
kasus PPN dan menolak Permohonan Peninjauan has received tax refund on the granted portion for the
Kembali atas kasus PPh Badan. Perseroan telah period June, July, August, October, November, and
menerima pengembalian pajak untuk Masa Pajak Juni, December 2017 amounted to Rp17,419 and for the
Juli, Agustus, Oktober, November dan Desember 2017 rejected CIT case amounting to Rp4.099 has been
sebesar Rp17.419 dan atas putusan PPh Badan charged to the statement of profit or loss in September
sebesar Rp4.099 telah dibebankan ke laporan laba rugi 2025.
pada bulan September 2025.
Tahun pajak 2018 Fiscal year 2018
Pada tanggal 5 September 2023, Perseroan menerima On 5 September 2023, the Company received Tax
SKP untuk tahun fiskal 2018. Berdasarkan SKP Assessment Letters for the fiscal year 2018. Based on the
tersebut, Kantor Pajak menetapkan kurang bayar atas Assessment Letters, the Tax Office confirmed the
PPh Pasal 21, PPh Pasal 21 Final, PPh Pasal 23/26, underpayment of Article 21 Income Tax, Article 21 Final
PPh Pasal 4 ayat (2), PPN, dan Pajak Penghasilan Income Tax, Withholding Tax Articles 23/26, Withholding
Badan dengan jumlah keseluruhan Rp38.473. Tax Article 4 paragraph (2), VAT, and Corporate Income
Perseroan setuju dengan koreksi kurang bayar PPh Tax aggregating Rp38,473. The Company agreed with
Pasal 21, PPh Pasal 21 Final, PPh Pasal 23/26, dan PPh correction on Article 21, Article 21 Final, Articles 23/26,
Pasal 4 ayat (2) sebesar Rp152. and Article 4 paragraph (2) underpayment of Rp152.
* Tidak diaudit *Unaudited
87
590 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 593
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
22. PERPAJAKAN (lanjutan) 22. TAXATION (continued)
e. Sengketa pajak (lanjutan) e. Tax disputes (continued)
Tahun pajak 2018 (lanjutan) Fiscal year 2018 (continued)
Pada tanggal 3 November 2023, Perseroan mengajukan On 3 November 2023, the Company has submitted the
keberatan atas ketetapan kurang bayar Pajak objection on Corporate Income Tax underpayment of
Penghasilan Badan sebesar Rp12.814 dan ketetapan Rp12,814 and VAT underpayment of Rp25,507 (including
kurang bayar PPN sebesar Rp25.507 (termasuk denda). penalties). For VAT case, on 31 July 2024, the Company
Untuk kasus PPN, pada tanggal 31 Juli 2024, Perseroan has received Objection Decision reducing the VAT
telah menerima Keputusan Keberatan yang isinya payable from Rp25,507 to Rp24,804. For CIT case, on 31
mengurangkan PPN terutang dari Rp25.507 menjadi July 2024, the Company has received Objection Decision
Rp24.804. Untuk kasus PPh Badan, pada tanggal 31 Juli reducing the CIT payable from Rp12,814 to Rp12,563. The
2024, Perseroan telah menerima Keputusan Keberatan Company has received tax refund from the portion of CIT
yang isinya mengurangkan PPh Badan terutang dari and VAT that was granted during the objection process.
Rp12.814 menjadi Rp12.563. Perseroan telah For rejected portion on CIT case of Rp12,563, the
menerima pengembalian pajak dari porsi PPh Badan Company agreed with CIT objection decision amounting to
dan PPN yang dikabulkan pada proses keberatan. Atas Rp2,161 which was charged to the statement of profit or
porsi PPh Badan yang ditolak keberatannya sebesar loss in October 2024.
Rp12.563, Perseroan menyetujui sebagian keputusan
keberatan sebesar Rp2.161 yang telah dibebankan ke
laporan laba rugi pada bulan Oktober 2024.
Pada tanggal 15 Oktober 2024, Perseroan mengajukan On 15 October 2024, the Company filed appeal request to
banding untuk kasus PPh Badan sebesar Rp10.402 dan Tax Court for CIT case of Rp10,402 and VAT case of
kasus PPN sebesar Rp24.804. Pada tanggal 26 Rp24,804. On 26 November 2025, the Tax Court decided
November 2025, Pengadilan Pajak memutuskan on the Company's CIT and VAT dispute. In the Tax Court's
sengketa PPh Badan dan PPN Perseroan. Dalam Decision for the CIT case for Fiscal Year 2018, the Panel
Putusan Pengadilan Pajak untuk kasus PPh Badan of Judges granted the Company's appeal amounting to
Tahun Pajak 2018, Majelis Hakim mengabulkan Rp10,402. In the Tax Court's Decision for the VAT case,
permohonan banding Perseroan sebesar Rp10.402. the Panel of Judges rejected the Company's appeal
Dalam Putusan Pengadilan Pajak untuk kasus PPN, amounting to Rp23,486.
Majelis Hakim menolak permohonan banding Perseroan
sebesar Rp23.486.
Perseroan akan mengajukan Permohonan Peninjauan The Company will submit a Reconsideration Request to
Kembali atas kasus banding PPN Masa September - Supreme Court for the appeal of VAT for the period
Desember 2018 yang ditolak oleh Majelis Hakim. September - December 2018 which was rejected by the
Panel of Judges.
f. Administrasi f. Administration
Sesuai dengan peraturan perpajakan di Indonesia, Under the taxation laws of Indonesia, the Company
Perseroan melaporkan/menyetorkan pajak berdasarkan reports/pays tax on the basis of self-assessment.
sistem self-assessment. Direktur Jenderal Pajak (“DJP”) Directorate General of Tax (“DJP”) may assess or amend
dapat menetapkan atau mengubah liabilitas pajak dalam tax liabilities within five years since the time the tax
waktu lima tahun sejak saat terutangnya pajak. becomes due.
Sampai dengan 31 Desember 2025, Perseroan masih Up to 31 December 2025, the Company is still assessing
menilai dampak implementasi atas Peraturan the impact on the implementation of the Global Anti-Base
Pengenaan Pajak Minimum Global (“Pilar Dua”) yang Erosion Model Rules (Pillar Two) which has been effective
telah disahkan oleh Menteri Keuangan Republik by the Ministry of Finance of the Republic of Indonesia’s
Indonesia No.136 tahun 2024 (PMK-136). Perseroan regulation No.136 Year 2024 (PMK-136). The Company is
menerapkan pengecualian PSAK 212 untuk mengakui applying the SFAS 212 exception to recognize and
dan mengungkapkan informasi tentang aset dan disclose information on deferred tax assets and liabilities
liabilitas pajak tangguhan yang terkait dengan pajak related to the Pillar Two income taxes. The Company
penghasilan pilar dua. Perseroan meyakini tidak ada believe there is no tax effect as the Company simulation
dampak pajak karena simulasi Tingkat Pajak Efektif Pilar Pillar Two Effective Tax Rate is more than 15 percent.
Dua Perseroan lebih dari 15 persen.
* Tidak diaudit *Unaudited
88
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 591
Page 594
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
22. PERPAJAKAN (lanjutan) 22. TAXATION (continued)
f. Administrasi (lanjutan) f. Administration (continued)
Sehubungan dengan penggabungan usaha antara In connection with the merger between the Company and
Perseroan dan MFIN, Perseroan sebagai pihak yang MFIN, whereby Company is the surviving entity continues
menerima penggabungan usaha melanjutkan hak the tax rights and/or obligations of MFIN after the effective
dan/atau kewajiban perpajakan MFIN setelah tanggal date of the merger. As of 31 December 2025, the
efektif penggabungan usaha. Pada tanggal 31 settlement of MFIN’s outstanding tax obligations and the
Desember 2025, proses pencabutan NPWP MFIN application for the deregistration of MFIN’s Tax
masih dalam proses. Identification Number (NPWP) were still in process.
23. SUKUK MUDHARABAH 23. MUDHARABAH BONDS
2024
Disajikan kembali/
2025 - Restated *) -
Nilai nominal: Nominal value:
Sukuk Mudharabah Berkelanjutan I Continuing Mudharabah Bonds I
Tahap II Phase II
Pihak ketiga - 196.500 Third parties
Sukuk Mudharabah Berkelanjutan I Continuing Mudharabah Bonds I
Tahap III Phase III
Pihak ketiga 200.000 200.000 Third parties
Sukuk Mudharabah Berkelanjutan IV Continuing Mudharabah Bonds IV
Tahap III Phase III
Pihak ketiga 98.000 147.000 Third parties
Sukuk Mudharabah Berkelanjutan V Continuing Mudharabah Bonds V
Tahap I Phase I
Pihak ketiga 206.000 206.000 Third parties
Pihak berelasi 30.000 30.000 Related party
Sukuk Mudharabah Berkelanjutan V Continuing Mudharabah Bonds V
Tahap II Phase II
Pihak ketiga 48.830 48.830 Third parties
Sukuk Mudharabah Berkelanjutan V Continuing Mudharabah Bonds V
Tahap III Phase III
Pihak ketiga 61.020 400.000 Third parties
Sukuk Mudharabah Berkelanjutan VI Continuing Mudharabah Bonds VI
Tahap I Phase I
Pihak ketiga 300.000 - Third parties
Sukuk Mudharabah Berkelanjutan VI Continuing Mudharabah Bonds VI
Tahap II Phase II
Pihak ketiga 700.000 - Third parties
Jumlah - neto - 1.643.850 - 1.228.330 Total - net
Dikurangi: Less:
Bagian yang jatuh tempo dalam waktu
satu tahun 995.689 584.480 Current portion
Bagian yang jatuh tempo lebih dari satu tahun - 648.161 - 643.850 Non-current portion
*) Informasi komparatif telah disajikan kembali akibat dari *) The comparative information has been restated as a result of the
penggabungan usaha yang dijelaskan pada Catatan 1d, Catatan 2y merger as discussed in Note 1d, Note 2y and Note 52.
dan Catatan 52.
* Tidak diaudit *Unaudited
89
592 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 595
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
23. SUKUK MUDHARABAH (lanjutan) 23. MUDHARABAH BONDS (continued)
Sesuai dengan perjanjian perwaliamanatan sukuk According to the trustee mudharabah bonds agreement,
mudharabah, rasio jumlah pinjaman terhadap ekuitas tidak debt to equity ratio should not exceed the provision, at
melebihi ketentuan, yaitu maksimal 10:1. Selain itu, selama maximum 10:1. Moreover, during the time that the
pokok sukuk mudharabah belum dilunasi, Perseroan tidak mudharabah bonds principals are still outstanding, the
diperkenankan, antara lain melakukan penggabungan usaha Company is not allowed to, among others, merge unless
kecuali dilakukan pada bidang usaha yang sama serta menjual performed on the same business and sell or assign more
atau mengalihkan lebih dari 40% aset Perseroan yang bukan than 40% of the Company’s non-murabahah financing
piutang pembiayaan murabahah. receivables assets.
Pendapatan bagi hasil sukuk mudharabah dihitung Revenue sharing for mudharabah bonds is calculated by
berdasarkan perkalian antara nisbah bagi hasil dengan marjin multiplication of revenue sharing ratio and margin that the
yang diperoleh Perseroan dari hasil pembiayaan murabahah. Company acquired from murabahah financing.
Pada tanggal 31 Desember 2025 dan 2024, Perseroan telah As of 31 December 2025 and 2024, the Company has paid
melakukan pembayaran bagi hasil sesuai dengan jatuh tempo the revenue sharing on schedule as stated in the trustee
yang telah ditetapkan dalam perjanjian perwaliamanatan dan agreement and complied with all the requirements
telah memenuhi seluruh persyaratan yang disebutkan dalam mentioned in the trustee agreement. Total principal of
perjanjian perwaliamanatan. Jumlah pokok sukuk mudharabah mudharabah bonds have been paid in accordance with the
telah dibayarkan sesuai dengan tanggal jatuh tempo sukuk respective mudharabah bonds’ maturity date.
mudharabah yang bersangkutan.
Pada tanggal 31 Desember 2025 dan 2024, seluruh sukuk As of 31 December 2025 and 2024, all of the Company’s
mudharabah Perseroan mendapat peringkat idAAA(sy) dari PT mudharabah bonds are rated idAAA(sy) by PT Pemeringkat
Pemeringkat Efek Indonesia (Pefindo). Efek Indonesia (Pefindo).
Bagi hasil atas sukuk mudharabah pada tahun 2025 sebesar The revenue sharing for mudharabah bonds in 2025
Rp79.147 dan (2024: Rp92.771). amounted to Rp79,147 (2024: 92,771).
Lihat Catatan 39 untuk rincian saldo dan transaksi dengan Refer to Note 39 for details of balances and transactions with
pihak berelasi. related parties.
Informasi mengenai klasifikasi dan nilai wajar sukuk Information with respect to the classification and fair value of
mudharabah diungkapkan pada Catatan 41. mudharabah bonds is disclosed in Note 41.
24. MODAL SAHAM DAN SAHAM TREASURI 24. SHARE CAPITAL AND TREASURY SHARE
Pemegang saham Perseroan pada tanggal 31 Desember The Company’s shareholders as of 31 December 2025 and
2025 dan 2024 adalah sebagai berikut: 2024 are as follows:
2025
Jumlah saham yang
ditempatkan dan Persentase
disetor penuh/ kepemilikan/
Number of shares Percentage of Jumlah/
Pemegang saham issued and fully paid ownership Total Shareholders
PT Bank Danamon Indonesia Tbk 920.700.000 74,50% 92.070 PT Bank Danamon Indonesia Tbk
MUFG Bank, Ltd 233.863.559 18,93% 23.386 MUFG Bank, Ltd
PT Zurich Asuransi Indonesia Tbk 4.204.800 0,34% 420 PT Zurich Asuransi Indonesia Tbk
Lain-lain (masing-masing dengan
kepemilikan di bawah 5%) 67.218.596 5,44% 6.722 Others (each owns below 5%)
Jumlah saham beredar 1.225.986.955 99,21% 122.598 Total outstanding shares
Saham treasuri 9.816.154 0,79% 982 Treasury share
Jumlah saham yang ditempatkan Total shares issued and
dan disetor penuh 1.235.803.109 100,00% 123.580 fully paid
* Tidak diaudit *Unaudited
90
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 593
Page 596
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
24. MODAL SAHAM DAN SAHAM TREASURI (lanjutan) 24. SHARE CAPITAL AND TREASURY SHARE (continued)
2024
Disajikan kembali/Restated *)
Jumlah saham yang
ditempatkan dan Persentase
disetor penuh/ kepemilikan/
Number of shares Percentage of Jumlah/
Pemegang saham issued and fully paid ownership Total Shareholders
PT Bank Danamon Indonesia Tbk 920.700.000 92,07% 92.070 PT Bank Danamon Indonesia Tbk
PT Zurich Asuransi Indonesia Tbk 4.204.800 0,42% 420 PT Zurich Asuransi Indonesia Tbk
Lain-lain (masing-masing dengan
kepemilikan di bawah 5%) 75.095.200 7,51% 7.510 Others (each owns below 5%)
Jumlah saham yang ditempatkan Total shares issued and
dan disetor penuh 1.000.000.000 100,00% 100.000 fully paid
Sehubungan dengan penggabungan usaha pada tanggal In accordance with the merger on 1 October 2025 between
1 Oktober 2025 antara Perseroan dan MFIN (lihat Catatan the Company and MFIN (refer to Note 1d), the Company
1d), Perseroan melakukan penerbitan 235.803.109 lembar issued 235,803,109 shares. From the total issued shares,
saham. Dari total saham yang diterbitkan tersebut, 235,722,555 shares were issued to shareholders of MFIN,
235.722.555 lembar saham diterbitkan kepada pemegang which include MUFG Bank, Ltd and others (each owns below
saham MFIN, yang mencakup MUFG Bank, Ltd dan lain-lain 5%), with nominal value of Rp100 per share (full amount) and
(masing-masing dengan kepemilikan di bawah 5%), dengan fair value of Rp27,784 per share (full amount) as calculated
nilai nominal sebesar Rp100 per lembar saham (nilai penuh) by KJPP Kusnanto & Rekan for the Company based on
dan nilai wajar sebesar Rp27.784 per lembar saham (nilai Independent Valuation Report No.00069/2.0162-
penuh) yang dihitung oleh KJPP Kusnanto & Rekan untuk 00/BS/09/0153/1/V/2025 dated 23 May 2025, and by KJPP
Perseroan sesuai Laporan Penilaian Independen No. Suwendho Rinaldy & Rekan for MFIN based on Independent
No.00069/2.0162-00/BS/09/0153/1/V/2025 pada tanggal Valuation Report No.00149/2.0059-02/BS/09/0242/1/V/2025
23 Mei 2025, dan KJJP Suwendho Rinaldy & Rekan untuk dated 23 May 2025.
MFIN sesuai Laporan Penilaian Independen
No.00149/2.0059-02/BS/09/0242/1/V/2025 pada tanggal
23 Mei 2025.
Sisa 80.554 lembar saham yang diterbitkan akan The remaining 80,554 shares from the shares issued will be
ditambahkan sebagai saham treasuri dengan nilai tercatat added as Company’s treasury shares with carrying value of
sebesar Rp277, sehubungan dengan kepemilikan MFIN Rp277, in accordance with repurchased shares by MFIN
atas saham yang dibeli kembali (buyback) sebelum tanggal before the date of the merger.
penggabungan usaha.
Sebelum terjadinya kegiatan penggabungan usaha, pada Before the merger, on 15 September 2025, the Company
tanggal 15 September 2025, Perseroan membeli kembali repurchased the Company’s shares amounted to 9,735,600
saham (buyback) Perseroan sebesar 9.735.600 lembar shares with total purchase price of Rp88,469. All
saham dengan jumlah pembelian sebesar Rp88.469. repurchased shares are accounted for and presented as
Seluruh saham yang dibeli kembali tersebut dicatat dan “treasury shares” under the equity section of the statement of
disajikan sebagai “saham treasuri” pada bagian ekuitas financial position. Therefore, total of repurchased shares and
dalam laporan posisi keuangan. Dengan demikian, total accounted for as treasury shares are 9,816,154 shares.
jumlah saham yang dibeli kembali (buyback) dan dicatat
sebagai saham treasuri sebesar 9.816.154 lembar saham.
Pada tanggal 31 Desember 2025, Perseroan memiliki As of 31 December 2025, the Company’s free float shares
saham free float sejumlah 67.218.596 saham yang amounted to 67,218,596 shares representing 5.44% of the
merupakan 5,44% dari jumlah modal ditempatkan dan total issued and paid-up capital, which is below the minimum
disetor, dimana tidak memenuhi Persyaratan Bursa Efek Free Float Requirement stipulated by the Indonesia Stock
Indonesia (BEI) terkait saham free float. Perseroan telah Exchange (IDX). The Company has received a waiver from
menerima Surat Persetujuan (Waiver) dari BEI untuk IDX to meet the requirement of 7,5% by 31 March 2026.
menunda pemenuhan persyaratan 7,5% paling lambat Furthermore, in relation to the merger, the Company has
tanggal 31 Maret 2026. Selain itu, sehubungan dengan committed to increase its free float to at least 10% within one
merger, Perseroan telah berkomitmen untuk meningkatkan year from the date of issuance of the Effective Statement of
jumlah saham free float menjadi paling sedikit 10% dalam the Merger from OJK (Capital Market Supervision), i.e. on
jangka waktu satu tahun sejak tanggal diterbitkannya 26 June 2026. The Company will coordinate with the
Pernyataan Efektif Merger dari OJK (Pengawas Pasar controlling shareholder to ensure compliance with the
Modal), yaitu pada tanggal 26 Juni 2026. Perseroan akan applicable regulation within the prescribed timeframe.
bekerjasama dengan pemegang saham pengendali untuk
memenuhi peraturan sesuai dengan batas waktu yang
sudah ditentukan.
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
91
594 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 597
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
25. TAMBAHAN MODAL DISETOR 25. ADDITIONAL PAID-IN CAPITAL
Pada tahun 2017, terdapat penyesuaian tambahan modal In 2017, there was an additional paid-in capital adjustment
disetor terkait aset pengampunan pajak berupa related to tax amnesty asset for the additional of fixed assets
penambahan aset tetap sebesar Rp6.750. amounted Rp6,750.
Pada tanggal 31 Desember 2025, Perseroan memiliki saldo As of 31 December 2025, the Company has additional paid-
tambahan modal disetor yang terdiri dari: in capital balance as follows:
2025 -
Saldo awal 6.750 Beginning balance
Selisih nilai nominal dan nilai wajar saham yang Difference between par value and fair value of
dikeluarkan sehubungan dengan penggabungan usaha 6.527.968 share issued due to merger
Selisih nilai transaksi restrukturisasi Restructuring transaction of entities
entitas sepengendali (3.686.776) under common control
Saldo akhir 2.847.942 Ending balance
-
Seperti diungkapkan dalam Catatan 1d, efektif pada tanggal As disclosed in Note 1d, the merger between the Company
1 Oktober 2025, Perseroan melakukan penggabungan and MFIN was effective on 1 October 2025, with Company
usaha dengan MFIN dimana Perseroan menjadi entitas yang as the surviving entity while MFIN being legally dissolved.
menerima penggabungan sedangkan MFIN secara hukum The merger between Company and MFIN has resulted in a
dibubarkan. Penggabungan usaha antara Perseroan dan DUCC balance amounting to (Rp3,686,776) which was
MFIN ini menimbulkan saldo SNTRES sebesar calculated as follows:
(Rp3.686.776) yang dihitung sebagai berikut:
2025 -
Nilai buku MFIN 3.725.972 MFIN's net book value
Investasi dalam asosiasi - MFIN (861.476) Investment in associate - MFIN
Nilai wajar saham baru yang dikeluarkan Fair value of new shared issued
(nilai akuisisi) (6.551.272) (acquisition costs)
Selisih nilai transaksi restrukturisasi Restructuring transaction of entities
entitas sepengendali (3.686.776) under common control
-
26. PENGGUNAAN LABA NETO 26. APPROPRIATION OF NET INCOME
Pada tanggal 25 Maret 2025, para pemegang saham On 25 March 2025, the shareholders agreed to declare cash
menyetujui untuk membagikan dividen kas sebesar dividends amounting to Rp703,000 or Rp703 (full amount)
Rp703.000 atau Rp703 (nilai penuh) per saham dan per share and to add to the general reserve of Rp14,067.
menambah cadangan umum sebesar Rp14.067. Dividen kas Cash dividends were paid on 25 April 2025.
yang dibayarkan pada tanggal 25 April 2025.
Pada tanggal 27 Maret 2024, para pemegang saham On 27 March 2024, the shareholders agreed to declare cash
menyetujui untuk membagikan dividen kas sebesar dividends amounting to Rp972,000 or Rp972 (full amount)
Rp972.000 atau Rp972 (nilai penuh) per saham dan per share and to add to the general reserve of Rp19,441.
menambah cadangan umum sebesar Rp19.441. Dividen kas Cash dividends were paid on 30 April 2024.
dibayarkan pada tanggal 30 April 2024.
Pada tanggal 31 Desember 2025, Perseroan telah As of 31 December 2025, the Company had a general
membentuk cadangan umum sejumlah Rp256.645 (2024: reserve amounting to Rp256,645 (2024: Rp242,578), in
Rp242.578) sesuai dengan Undang-undang Republik accordance with Law of the Republic of Indonesia
Indonesia No. 1/1995 yang telah digantikan dengan Undang- No. 1/1995 which had been replaced by the Law No. 40/2007
Undang No. 40/2007 efektif tanggal 16 Agustus 2007 tentang effective on 16 August 2007 regarding the Limited Liability
Perseroan Terbatas, yang mengharuskan perseroan di Company, which requires Indonesian companies to set up a
Indonesia untuk membuat penyisihan cadangan umum general reserve amounting to at least 20% of the Company’s
sebesar sekurang-kurangnya 20% dari jumlah modal yang issued and paid up share capital. There is no definite period
ditempatkan dan disetor penuh. Undang-undang tersebut of time over which this amount should be provided.
tidak mengatur jangka waktu untuk penyisihan cadangan
umum minimum tersebut.
* Tidak diaudit *Unaudited
92
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 595
Page 598
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. KERUGIAN KUMULATIF ATAS INSTRUMEN 27. CUMULATIVE LOSSES ON DERIVATIVE
DERIVATIF UNTUK LINDUNG NILAI ARUS KAS INSTRUMENTS FOR CASH FLOWS HEDGES
Perubahan kerugian kumulatif atas instrumen derivatif untuk The movements of cumulative losses on derivative
lindung nilai arus kas yang merupakan bagian efektif dari instruments for cash flows hedges which is an effective
akumulasi perubahan bersih nilai wajar instrumen lindung portion of the cumulative net change in the fair value of cash
nilai arus kas yang terkait dengan transaksi lindung nilai flows hedging instruments related to hedged transactions
yang belum mempengaruhi laba rugi adalah sebagai berikut: that have not yet affected the profit and loss are as follows:
2024
Disajikan kembali/
2025 - Restated *) -
Saldo awal tahun berjalan - Balance at the beginning of the year -
sebelum pajak penghasilan tangguhan (14.577) (959) before deferred income tax
Realisasi laba/(rugi) atas instrumen lindung nilai (37.537) (102.738) Realised gain/(loss) on hedging instruments
Realisasi laba/(rugi) atas item lindung nilai: Realised gain/(loss) on hedged items:
Selisih kurs (183.991) 11.634 Foreign exchange
Swap suku bunga 113.043 91.102 Interest rate swap
Perubahan nilai wajar instrumen lindung nilai 56.114 (13.616) Changes in fair value of hedging instruments
(66.948) (14.577)
Aset pajak tangguhan (lihat Catatan 22) 14.729 3.207 Deferred tax asset (see Note 22)
Saldo akhir tahun berjalan - Balance at the end of the year -
setelah pajak penghasilan tangguhan - (52.219) - (11.370) after deferred income tax
28. LABA PER SAHAM - DASAR 28. EARNINGS PER SHARE - BASIC
Laba per saham dihitung dengan membagi laba tahun berjalan Earnings per share is calculated by dividing income for the
dengan rata-rata tertimbang jumlah lembar saham yang beredar year by the weighted average number of outstanding shares
pada tahun bersangkutan. during the year.
2024
Disajikan kembali/
2025 - Restated *) -
Laba tahun berjalan 1.544.938 1.810.801 Income for the year
Rata-rata tertimbang jumlah Weighted average number of
saham yang beredar 1.232.898.603 1.177.174.467 outstanding shares
Laba per saham - dasar Earnings per share - basic
(dinyatakan dalam nilai Rupiah penuh) - 1.253 - 1.538 (expressed in full amount of Rupiah)
29. PENDAPATAN PEMBIAYAAN KONSUMEN 29. CONSUMER FINANCING INCOME
2024
Disajikan kembali/
2025 - Restated *) -
Pendapatan pembiayaan konsumen Consumer financing income
Pihak ketiga 10.040.454 9.600.776 Third parties
Pihak berelasi 995 892 Related parties
Dikurangi: Less:
Bagian pendapatan yang dibiayai pihak
berelasi sehubungan dengan transaksi Portion of funds financed by related
pembiayaan bersama (2.484.434) (2.446.121) party in relation to joint financing
- 7.557.015 - 7.155.547
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
93
596 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 599
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
29. PENDAPATAN PEMBIAYAAN KONSUMEN (lanjutan) 29. CONSUMER FINANCING INCOME (continued)
Pada tahun 2025, amortisasi biaya transaksi yang diakui In 2025, the amortisation of transaction costs recognised as
sebagai pengurang dari pendapatan pembiayaan konsumen a reduction to consumer financing income amounted to
sebesar Rp655.173 (2024: Rp735.307). Rp655,173 (2024: Rp735,307).
Lihat Catatan 39 untuk rincian saldo dan transaksi dengan pihak Refer to Note 39 for details of balances and transactions with
berelasi. related parties.
30. MARJIN MURABAHAH 30. MURABAHAH MARGIN
2024
Disajikan kembali/
2025 - Restated *) -
Marjin murabahah Murabahah margin
Pihak ketiga 2.552.795 2.770.067 Third parties
Pihak berelasi 293 55 Related parties
Dikurangi: Less:
Bagian pendapatan yang dibiayai pihak berelasi
sehubungan dengan transaksi Portion of funds financed by related party
pembiayaan bersama (842.856) (831.230) in relation to joint financing
- 1.710.232 - 1.938.892
Pada tahun 2025, amortisasi biaya transaksi yang diakui 0 In 2025, the amortisation of transaction costs recognised as
sebagai pengurang dari marjin murabahah sebesar 3 a reduction to murabahah margin amounted to Rp244,342
Rp244.342 (2024: Rp220.633). 9 (2024: Rp220,633).
Lihat Catatan 39 untuk rincian saldo dan transaksi dengan Refer to Note 39 for details of balances and transactions with
pihak berelasi. related parties.
31. BAGI HASIL MUSYARAKAH MUTANAQISAH 31. MUSYARAKAH MUTANAQISAH PROFIT
DISTRIBUTION
2024
Disajikan kembali/
2025 - Restated *) -
Bagi hasil musyarakah mutanaqisah - 394.321 - 350.110 Musyarakah mutanaqisah profit distribution
Pada tahun 2025, amortisasi biaya transaksi yang diakui 0 In 2025, the amortisation of transaction costs recognised as
sebagai penambah dari bagi hasil musyarakah mutanaqisah 3 an addition to musyarakah mutanaqisah profit distribution
sebesar Rp64.868 (2024: Rp33.011). 9 amounted to Rp64,868 (2024: Rp33,011).
32. PENDAPATAN SEWA PEMBIAYAAN 32. FINANCE LEASES INCOME
2024
Disajikan kembali/
2025 - Restated *) -
Pendapatan sewa pembiayaan 421.506
- 266.455
- Finance leases income
Pada tahun 2025, amortisasi biaya transaksi yang diakui In 2025, the amortisation of transaction costs recognised as
sebagai pengurang dari pendapatan sewa pembiayaan a reduction to finance leases income amounted to Rp22,838
sebesar Rp22.838 (2024: Rp7.396). (2024: Rp7,396).
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
94
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 597
Page 600
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
33. PENDAPATAN LAIN-LAIN 33. OTHER INCOME
2024
Disajikan kembali/
2025 - Restated *) -
Pihak ketiga Third parties
Administrasi 910.127 898.594 Administration
Denda keterlambatan 565.838 549.103 Late charges
Pemulihan dari piutang yang dihapusbukukan 330.732 281.805 Recovery of written-off receivables
Pinalti 114.552 112.601 Penalty
Jasa giro 31.249 83.791 Interest on current accounts
Komisi asuransi, sponsorship dan lainnya 14.876 74.715 Insurance commission, sponsorship and others
1.967.374 2.000.609
Pihak berelasi Related parties
Komisi asuransi, sponsorship dan lainnya 66.244 68.757 Insurance commission, sponsorship and others
Jasa giro 12.390 7.507 Interest on current accounts
78.634 76.264
- 2.046.008 - 2.076.873
Lihat Catatan 39 untuk rincian saldo dan transaksi dengan pihak Refer to Note 39 for details of balances and transactions with
berelasi. related parties.
34. BEBAN GAJI DAN TUNJANGAN 34. SALARIES AND BENEFITS EXPENSES
2024
Disajikan kembali/
2025 - Restated *) -
Pihak ketiga Third parties
Gaji dan tunjangan 2.787.571 2.546.640 Salaries and allowance
Imbalan pasca-kerja karyawan 361.297 171.499 Post-employment benefit
Pelatihan dan pendidikan 43.807 44.403 Training and education
3.192.675 2.762.542
Pihak berelasi Related parties
Gaji dan tunjangan 139.612 135.748 Salaries and allowance
Imbalan pasca-kerja karyawan 6.103 9.738 Post-employment benefit
145.715 145.486
- 3.338.390 - 2.908.028
Beban gaji dan tunjangan kepada Direksi pada tahun 2025 Salaries and benefits expenses for Directors in 2025
sebesar Rp60.445 (2024: Rp54.122). Beban gaji dan tunjangan amounted to Rp60,445 (2024: Rp54,122), respectively.
kepada Komisaris pada tahun 2025 sebesar Rp6.062 (2024: Salaries and benefits expenses for Commissioners in 2025
Rp6.403). amounted to Rp6,062 (2024: Rp6,403).
Lihat Catatan 39 untuk rincian saldo dan transaksi dengan pihak Refer to Note 39 for details of balances and transactions with
berelasi. related parties.
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
95
598 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 601
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
35. BEBAN BUNGA DAN KEUANGAN 35. INTEREST EXPENSE AND FINANCING CHARGES
2024
Disajikan kembali/
2025 - Restated *) -
Pihak ketiga Third parties
Bunga atas utang obligasi (lihat Catatan 19) 495.896 403.715 Interest on bonds payable (see Note 19)
Bunga atas pinjaman yang diterima 520.584 708.563 Interest on borrowings
Bagi hasil pinjaman mudharabah 19.491 21.903 Revenue sharing for mudharabah loans
Bunga atas liabilitas sewa 10.022 11.413 Interest on lease liabilities
Amortisation of mudharabah bonds
Amortisasi biaya emisi sukuk mudharabah 2.675 3.454 issuance cost
Beban provisi dan administrasi Provision and administration
pinjaman mudharabah 77 203 expenses on mudharabah loan
1.048.745 1.149.251
Pihak berelasi Related parties
Bunga atas pinjaman yang diterima 299.808 263.025 Interest on borrowings
Bagi hasil pinjaman mudharabah 11.634 11 Revenue sharing for mudharabah loans
Bunga atas utang obligasi (lihat Catatan 19) 11.255 10.139 Interest on bonds payable (see Note 19)
Beban provisi dan administrasi Provision and administration
pinjaman mudharabah 291 - expenses of mudharabah loan
322.988 273.175
- 1.371.733 - 1.422.426
Amortisasi biaya emisi obligasi yang diterbitkan pada tahun The amortisation of bonds issuance costs in 2025 amounting
2025 sebesar Rp12.488 (2024: Rp9.965) dicatat sebagai to Rp12,488 (2024: Rp9,965), was recorded as part of
bagian dari bunga atas utang obligasi, sedangkan amortisasi interest on bonds payable, while amortisation of provision
beban provisi atas pinjaman yang diterima pada tahun 2025 expenses on borrowings in 2025 amounting to Rp13,081
sebesar Rp13.081 (2024: Rp19.137) dicatat sebagai bagian (2024: Rp19,137), was recorded as part of interest on
dari bunga atas pinjaman yang diterima. borrowings.
Lihat Catatan 39 untuk rincian saldo dan transaksi dengan pihak Refer to Note 39 for details of balances and transactions with
berelasi. related parties.
36. BEBAN UMUM DAN ADMINISTRASI 36. GENERAL AND ADMINISTRATIVE EXPENSES
2024
Disajikan kembali/
2025 - Restated *) -
Pihak ketiga Third parties
Beban kantor 862.800 810.665 Office expenses
Beban sewa 256.976 235.646 Rental expenses
Perbaikan dan pemeliharaan 133.211 129.148 Repairs and maintenance
Penyusutan aset hak guna Depreciation of right-of-use assets
(lihat Catatan 14) 124.864 119.731 (see Note 14)
Transportasi 108.171 102.997 Transportation
Amortisasi aset tak berwujud Intangible assets amortisation
(lihat Catatan 15) 92.604 65.042 (see Note 15)
Jasa penerimaan angsuran 83.387 77.655 Installment collection fees
Penyusutan aset tetap (lihat Catatan 13) 73.732 70.999 Depreciation of fixed assets (see Note 13)
Lain-lain 238.889 158.799 Others
1.974.634 1.770.682
Pihak berelasi Related party
Asuransi aset tetap dan lainnya 2.279 3.168 Fixed assets and other insurance
- 1.976.913 - 1.773.850
Lihat Catatan 39 untuk rincian saldo dan transaksi dengan Refer to Note 39 for details of balances and transactions with
pihak berelasi. related parties.
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
96
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 599
Page 602
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
37. BEBAN LAIN-LAIN 37. OTHER EXPENSES
2024
Disajikan kembali/
2025 - Restated *) -
Penyisihan kerugian penurunan nilai Provision for impairment losses
piutang lain-lain 8.835 12.819 on other receivables
Lain-lain 7.237 3.793 Others
- 16.072 - 16.612
38. LIABILITAS IMBALAN KERJA 38. EMPLOYMENT BENEFIT LIABILITIES
2024
Disajikan kembali/
2025 - Restated *) -
Imbalan kerja jangka pendek 285.020 274.013 Short-term employee benefits
Imbalan pasca-kerja 647.224 711.995 Post-employment benefit
Imbalan kerja jangka panjang lainnya 47.249 46.312 Other long-term employment benefit
- 979.493 - 1.032.320
Imbalan kerja jangka pendek Short-term employee benefits
2024
Disajikan kembali/
2025 - Restated *) -
Bonus, THR, insentif, gaji, dan lain-lain Accrued bonus, THR, incentive,
yang masih harus dibayar - 285.020 - 274.013 salaries, and others
Imbalan pasca-kerja Post-employment benefit
Pada tanggal efektif penggabungan, terjadi peningkatan On the effective date of the merger, there was an increase
jumlah karyawan Perseroan sebagai akibat dari karyawan in the Company's total number of employees as a result of
MFIN yang menerima penawaran untuk bergabung sebagai MFIN employees who accepted the offer to join as
karyawan Perseroan berdasarkan hubungan kerja baru employees of the Company under new employment
sesuai dengan syarat dan ketentuan yang ditetapkan secara relationships in accordance with terms and conditions
wajar oleh Perseroan. reasonably determined by the Company.
Perseroan menyelenggarakan program pensiun imbalan The Company provides defined benefit pension program for
pasti untuk karyawan tetap sesuai dengan peraturan its permanent employees in accordance with the
Perseroan yang berlaku. Sejak 16 Mei 2007, Perseroan telah Company’s prevailing regulations. Since 16 May 2007, the
mengikuti program pembayaran iuran kepada DPLK sebagai Company has participated in a contribution payment
bagian dari pelaksanaan program pensiun tersebut untuk program to DPLK as part of the implementation of the
karyawan tetap yang telah memenuhi kriteria yang ditetapkan pension program for qualified permanent employees who
Perseroan. Program ini dikelola dan diadministrasikan oleh meet the Company's criteria. The program is managed and
PT Asuransi Jiwa Manulife Indonesia. administered by PT Asuransi Jiwa Manulife Indonesia.
Pada tahun 2025 dan 2024, Perseroan membayar iuran ke In 2025 and 2024, the Company paid pension contributions
DPLK sebesar 3% dari penghasilan tetap karyawan yang to DPLK amounting to 3% of the employees’ salaries which
diakui sebagai “beban gaji dan tunjangan” pada laporan laba were recognised as “salaries and benefits expenses” in the
rugi masing-masing sebesar Rp29.532 dan Rp27.931. statement of profit or loss amounting to Rp29,532 and
Rp27,931, respectively.
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
97
600 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 603
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
38. LIABILITAS IMBALAN KERJA (lanjutan) 38. EMPLOYMENT BENEFIT LIABILITIES (continued)
Imbalan pasca-kerja (lanjutan) Post-employment benefit (continued)
Sesuai dengan UU Ketenagakerjaan yang berlaku, In accordance with applicable Labour Law, the Company is
Perseroan wajib memberikan imbalan pasca-kerja kepada required to provide post-employment benefit to its
karyawannya pada saat pemutusan hubungan kerja atau employees when their employment is terminated or when
pada saat karyawan menyelesaikan masa kerjanya. Imbalan they retire. These benefits are primarily based on years of
pasca-kerja ini diberikan terutama berdasarkan masa kerja service and the employees’ compensation at termination or
dan kompensasi karyawan pada saat pemutusan hubungan retirement.
kerja atau selesainya masa kerja.
Pada tahun 2025, Perseroan telah menyisihkan dana untuk In 2025, the Company set aside funds to be used to support
mendukung pemenuhan liabilitas imbalan pasca-kerja the fulfillment of post-employment benefit obligations to the
karyawan sebesar Rp34.000 yang ditempatkan pada DPLK Company’s employees amounting to Rp34,000, which is
Manulife Indonesia dalam bentuk program Pengelolaan placed in DPLK Manulife Indonesia in the form of
Manfaat Pensiun untuk Dana Kompensasi Pasca Kerja, yang Management of Post-employment Benefit Compensation
memenuhi kriteria untuk dicatat sebagai aset program. Plan, that meet the criteria to be recorded as plan asset.
Liabilitas imbalan pasca-kerja pada tanggal 31 Desember The post-employment benefit liabilities as of
2025 dan 2024 dihitung oleh perusahaan konsultan aktuaria, 31 December 2025 and 2024 is calculated by a licensed
I Gde Eka Sarmaja, FSAI dan Rekan, dengan menggunakan actuarial consulting firm, I Gde Eka Sarmaja, FSAI and
metode Projected Unit Credit, masing-masing tertanggal Partner, using the Projected Unit Credit method, dated
8 Januari 2026 dan 30 Januari 2025. 8 January 2026 and 30 January 2025, respectively.
Liabilitas imbalan pasca-kerja PT Mandala Multifinance Tbk The post-employment benefit liabilities PT Mandala
pada tanggal 31 Desember 2024 dihitung oleh perusahaan Multifinance Tbk as of 31 December 2024 is calculated by a
konsultan aktuaria, I Gde Eka Sarmaja, FSAI dan Rekan, licensed actuarial consulting firm, I Gde Eka Sarmaja, FSAI
dengan menggunakan metode Projected Unit Credit, and Partner, using the Projected Unit Credit method, dated
masing-masing tertanggal 27 Februari 2025. 27 February 2025, respectively.
Liabilitas imbalan pasca-kerja yang diakui di laporan posisi The post-employment benefit liabilities recognized in the
keuangan adalah sebagai berikut: statement of financial position are as follows:
2024
Disajikan kembali/
2025 - Restated *) -
Nilai kini kewajiban imbalan Present value of obligation for post employment
pasca kerja 664.132 711.995 benefits
Nilai wajar aset program (16.908) - Fair value of plan assets
Liabilitas imbalan pasca-kerja neto - 647.224 - 711.995 Net post-employment benefit liabilities
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
98
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 601
Page 604
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
38. LIABILITAS IMBALAN KERJA (lanjutan) 38. EMPLOYMENT BENEFIT LIABILITIES (continued)
Imbalan pasca-kerja (lanjutan) Post-employment benefit (continued)
Perubahan liabilitas imbalan pasca-kerja neto adalah The movements of net post-employment benefit liabilities
sebagai berikut: are as follows:
2025 -
Liabilitas
imbalan
pasca-kerja/
Nilai kini Nilai wajar Post-
kewajiban/ aset program/ employment
Present value of Fair value of benefits
obligation - plan assets- liabilties -
Saldo pada awal tahun 711.995 - 711.995 Balance at beginning of year
Beban jasa kini 74.749 - 74.749 Current service cost
Beban/(penghasilan) bunga 47.039 (120) 46.919 Interest expense/(income)
Kerugian atas penyelesaian 168.499 - 168.499 Loss on settlements
Beban administrasi - 267 267 Administrative expenses
Pembayaran imbalan aset program (14.582) 14.582 - Benefit payment from asset program
Pembayaran penyelesaian (3.088) 3.088 - Settlement payment
Pembayaran imbalan pemberi kerja (279.748) - (279.748) Benefit payment from employer
Iuran pemberi kerja - (34.000) (34.000) Employer's contributions
Pengukuran kembali: Remeasurement:
- Perubahan dalam asumsi keuangan 5.395 - 5.395 Change in financial assumptions -
- Penyesuaian pengalaman kewajiban (46.127) - (46.127) Experience adjustment on obligation -
Imbal hasil aset program - (725) (725) Return on plan assets
Saldo pada akhir tahun - 664.132 - (16.908) - 647.224 Balance at end of year
2024
Disajikan kembali/Restated *) -
Liabilitas
imbalan
pasca-kerja/
Nilai kini Nilai wajar Post-
kewajiban/ aset program/ employment
Present value of Fair value of benefits
obligation - plan assets- liabilties -
Saldo pada awal tahun 561.160 - 561.160 Balance at beginning of year
Beban jasa kini 70.956 - 70.956 Current service cost
Beban jasa lalu 8.098 - 8.098 Past service cost
Beban bunga 42.578 - 42.578 Interest expense
Pembayaran imbalan (40.145) - (40.145) Benefit payment
Kerugian atas penyelesaian 6.067 - 6.067 Loss on settlements
Pengukuran kembali: Remeasurement:
- Perubahan dalam asumsi demografik (10.913) - (10.913) Change in demographic assumptions -
- Perubahan dalam asumsi keuangan (13.507) - (13.507) Change in financial assumptions -
- Penyesuaian pengalaman kewajiban 34.361 - 34.361 Experience adjustment on obligation -
Efek merging entity 53.340 - 53.340 Merging entity effect
Saldo pada akhir tahun - 711.995 - - - 711.995 Balance at end of year
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
99
602 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 605
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
38. LIABILITAS IMBALAN KERJA (lanjutan) 38. EMPLOYMENT BENEFIT LIABILITIES (continued)
Imbalan pasca-kerja (lanjutan) Post-employment benefit (continued)
Nilai yang diakui dalam laporan laba rugi dan penghasilan Amounts recognised in the statements of profit or loss and
komprehensif lain atas imbalan pasca-kerja adalah sebagai other comprehensive income in respects of post-
berikut: employment benefit are as follows:
2024
Disajikan kembali/
2025 - Restated *) -
Diakui pada laba rugi Recognised in profit or loss
Beban jasa kini 74.749 70.956 Current service cost
Beban jasa lalu - 8.098 Past service cost
Beban bunga 46.919 42.578 Interest expense
Kerugian atas penyelesaian 168.499 6.067 Loss on settlements
Beban administrasi 267 - Administrative expenses
290.434 127.699
Diakui pada penghasilan komprehensif lain Recognised in other comprehensive income
Efek perubahan dalam asumsi keuangan 5.395 (13.507) Effect of change in financial assumptions
Efek penyesuaian pengalaman (46.127) 34.361 Effect of experience adjustment
Imbal hasil aset program (725) - Return on plan assets
Efek penyesuaian dalam asumsi demografi - (10.913) Effect of change in demographic assumptions
(41.457) 9.941
Jumlah yang diakui di laporan laba rugi Total recognised in statement of profit or loss
dan penghasilan kemprehensif lain - 248.977 - 137.640 and other comprehensive income
Aset program seluruhnya (100%) diinvestasikan dalam Plan assets are fully (100%) invested in money market
instrumen pasar uang berupa deposito berjangka. instruments in the form of time deposits.
Perseroan diharapkan membayar iuran sebesar Rp17.000 The Company expects to make a contribution of Rp17,000
untuk program pensiun imbalan pasti dalam satu tahun ke to defined benefit pension program for the next year.
depan.
Asumsi-asumsi utama yang digunakan oleh aktuaria The major assumptions used by the independent actuary
independen adalah sebagai berikut: are as follows:
2024
Disajikan kembali/
2025 Restated *)
Asumsi ekonomi: Economic assumptions:
Tingkat diskonto per tahun 6,25% 7,00% Annual discount rate
Tingkat kenaikan penghasilan dasar per Annual salary growth rate:
tahun:
- Perseroan 6,50% 7,00% Company -
- PT Mandala Multifinance Tbk (“MFIN”) - 5,00% PT Mandala Multifinance Tbk -
(“MFIN”)
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
100
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 603
Page 606
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
38. LIABILITAS IMBALAN KERJA (lanjutan) 38. EMPLOYMENT BENEFIT LIABILITIES (continued)
Imbalan pasca-kerja (lanjutan) Post-employment benefit (continued)
Asumsi-asumsi utama yang digunakan oleh aktuaria The major assumptions used by the independent actuary
independen adalah sebagai berikut: (lanjutan) are as follows: (continued)
2024
Disajikan kembali/
2025 Restated *)
Asumsi lainnya: Other assumptions:
Usia pensiun normal 55 tahun/years Normal retirement age
Tingkat pengunduran peserta: Resignation rate:
- Perseroan 9,00% per tahun sampai dengan usia 25 tahun, 7,50% per tahun pada Company -
usia 26 tahun berkurang hingga 0,50% per tahun pada usia 54
tahun/9.00% per annum up to age 25, 7.50% per annum at age 26
decrease linearly to 0.50% per annum at age 54
- PT Mandala Multifinance Tbk (“MFIN”) - 10,00% per tahun sampai dengan PT Mandala Multifinance Tbk -
usia 29 tahun, 7,00% per tahun (“MFIN”)
pada usia 30 tahun berkurang
hingga 3,00% per tahun pada
usia 55/10.00% per annum at age
29, 7.00% per annum at age 30
and decrease linearly to 3.00%
per annum at age 55
Tingkat kematian Tabel mortalita Indonesia/Mortality table Indonesia 2019 (TMI’19) Mortality rate
Tingkat cacat: Disability rate:
- Perseroan 10% dari TMI’19/10% from TMI’19 Company -
- PT Mandala Multifinance Tbk (“MFIN”) - 5% dari TMI’19/5% from TMI’19 PT Mandala Multifinance Tbk -
(“MFIN”)
Durasi rata-rata tertimbang dari liabilitas program pensiun The weighted average duration of the defined benefit
imbalan pasti pada tanggal 31 Desember 2025 adalah 7,86 pension obligation as of 31 December 2025 are 7.86 (2024:
(2024: 8,23 tahun (Perseroan) dan 8,14 (MFIN)). 8.23 years (Company) and 8.14 (MFIN)).
Sensitivitas dari kewajiban manfaat pasti terhadap The sensitivity of defined benefit obligation to changes in the
perubahan asumsi aktuaria adalah sebagai berikut: actuarial assumptions is as follows:
2025
Dampak atas kewajiban imbalan pasti/
Impact on defined benefit obligation
Perubahan Kenaikan Penurunan
asumsi/Change asumsi/Increase asumsi/Decrease
in assumption in assumption in assumption
Asumsi ekonomi: Economic assumptions:
Tingkat diskonto per tahun 1,00% (49.111) 55.263 Annual discount rate
Tingkat kenaikan penghasilan dasar
per tahun 1,00% 70.222 (63.257) Annual salary growth rate
2024
Disajikan kembali/Restated *)
Dampak atas kewajiban imbalan pasti/
Impact on defined benefit obligation
Perubahan Kenaikan Penurunan
asumsi/Change asumsi/Increase asumsi/Decrease
in assumption in assumption in assumption
Asumsi ekonomi: Economic assumptions:
Tingkat diskonto per tahun 1,00% (40.524) 45.624 Annual discount rate
Tingkat kenaikan penghasilan dasar
per tahun 1,00% 58.550 (52.669) Annual salary growth rate
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
101
604 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 607
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
38. LIABILITAS IMBALAN KERJA (lanjutan) 38. EMPLOYMENT BENEFIT LIABILITIES (continued)
Imbalan pasca-kerja (lanjutan) Post-employment benefit (continued)
Analisa sensitivitas didasarkan pada perubahan atas satu The sensitivity analysis are based on a change in an
asumsi aktuarial dimana asumsi lainnya dianggap konstan. assumption while holding all other assumptions constant. In
Dalam praktiknya, hal ini jarang terjadi dan perubahan practice, this is unlikely to occur and changes in some of the
beberapa asumsi mungkin saling berkorelasi. Dalam assumptions may be correlated. When calculating the
perhitungan sensitivitas kewajiban imbalan pasti atas asumsi sensitivity of the defined benefit obligation to significant
aktuarial utama, metode yang sama (perhitungan nilai kini actuarial assumptions, the same method (present value of
kewajiban imbalan pasti dengan menggunakan metode the defined benefit obligation calculated with the Projected
Projected Unit Credit di akhir tahun) telah diterapkan seperti Unit Credit method at the end of year) has been applied as
dalam perhitungan kewajiban pensiun yang diakui dalam when calculating the pension liability recognised within the
laporan posisi keuangan. statements of financial position.
Analisis jatuh tempo yang diharapkan dari manfaat pensiun Expected maturity analysis of undiscounted pension
yang tidak terdiskonto adalah sebagai berikut: benefits are as follows:
2024
Disajikan kembali/
2025 - Restated *) -
Dalam waktu 10 tahun 841.904 918.704 Within next 10 years
Dalam waktu 10-20 tahun 1.452.732 1.992.395 Within 10-20 years
Dalam waktu 20-30 tahun 901.883 1.468.292 Within 20-30 years
Dalam waktu 30-40 tahun 20.014 78.905 Within 30-40 years
Imbalan kerja jangka panjang lainnya Other long-term employment benefit
Imbalan jangka panjang lainnya dalam bentuk penghargaan Other long-term employment benefit include service award
pengabdian didiskontokan ke nilai kini. is discounted to present value.
Liabilitas imbalan jangka panjang lainnya pada tanggal The other long-term liability benefits liabilities as of
31 Desember 2025 dan 2024 dihitung oleh perusahaan 31 December 2025 and 2024 is calculated by a licensed
konsultan aktuaria, I Gde Eka Sarmaja, FSAI dan Rekan, actuarial consulting firm, I Gde Eka Sarmaja, FSAI and
dengan menggunakan metode Projected Unit Credit, masing- Partner, using the Projected Unit Credit method, dated
masing tertanggal 8 Januari 2026 dan 30 Januari 2025. 8 January 2026 and 30 January 2025, respectively.
Perubahan nilai kini kewajiban imbalan kerja jangka panjang The movements of the present value of obligation for other
lainnya adalah sebagai berikut: long-term employment benefit are as follows:
2024
Disajikan kembali/
2025 - Restated *) -
Saldo pada awal tahun 46.312 45.391 Balance at beginning of year
Beban jasa kini 6.449 6.237 Current service cost
Beban bunga 2.984 2.814 Interest expense
Pengukuran kembali: Remeasurement:
- Penyesuaian pengalaman kewajiban (683) 3.519 Experience adjustment on obligation -
- Perubahan dalam asumsi keuangan 471 (573) Change in financial assumptions -
Imbalan yang di bayar (8.284) (11.076) Benefits paid
Saldo pada akhir tahun - 47.249 - 46.312 Balance at end of year
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
102
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 605
Page 608
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
38. LIABILITAS IMBALAN KERJA (lanjutan) 38. EMPLOYMENT BENEFIT LIABILITIES (continued)
Imbalan kerja jangka panjang lainnya (lanjutan) Other long-term employment benefit (continued)
Jumlah yang diakui pada laporan laba rugi adalah sebagai The amounts recognised in the statements of profit or loss
berikut: are as follows:
2024
Disajikan kembali/
2025 - Restated *) -
Beban jasa kini 6.449 6.237 Current service cost
Beban bunga 2.984 2.814 Interest expense
Pengukuran kembali yang diakui Remeasurements
selama tahun berjalan (212) 2.946 recognised during the year
Beban yang diakui pada tahun berjalan - 9.221 - 11.997 Expense to be recognised in the current year
Sensitivitas dari kewajiban imbalan kerja jangka panjang The sensitivity of other long-term employment benefit
lainnya terhadap perubahan asumsi aktuaria adalah sebagai obligation to changes in the actuarial assumptions is as
berikut: follows:
2025
Dampak atas kewajiban imbalan pasti/
Impact on defined benefit obligation
Perubahan Kenaikan Penurunan
asumsi/Change asumsi/Increase asumsi/Decrease
in assumption in assumption in assumption
Asumsi ekonomi: Economic assumptions:
Tingkat diskonto per tahun 1,00% (2.173) 2.377 Annual discount rate
Tingkat kenaikan penghasilan dasar per
tahun 1,00% 2.501 (2.327) Annual salary growth rate
2024
Disajikan kembali/Restated *)
Dampak atas kewajiban imbalan pasti/
Impact on defined benefit obligation
Perubahan Kenaikan Penurunan
asumsi/Change asumsi/Increase asumsi/Decrease in
in assumption in assumption assumption
Asumsi ekonomi: Economic assumptions:
Tingkat diskonto per tahun 1,00% (2.171) 2.375 Annual discount rate
Tingkat kenaikan penghasilan dasar per
tahun 1,00% 2.499 (2.324) Annual salary growth rate
Analisa sensitivitas didasarkan pada perubahan atas satu The sensitivity analysis are based on a change in an
asumsi aktuarial dimana asumsi lainnya dianggap konstan. assumption while holding all other assumptions constant. In
Dalam praktiknya, hal ini jarang terjadi dan perubahan practice, this is unlikely to occur and changes in some of the
beberapa asumsi mungkin saling berkorelasi. Dalam assumptions may be correlated. When calculating the
perhitungan sensitivitas kewajiban imbalan pasti atas asumsi sensitivity of the defined benefit obligation to significant
aktuarial utama, metode yang sama (perhitungan nilai kini actuarial assumptions, the same method (present value of
kewajiban imbalan pasti dengan menggunakan metode the defined benefit obligation calculated with the Projected
Projected Unit Credit di akhir tahun) telah diterapkan seperti Unit Credit method at the end of year) has been applied as
dalam penghitungan kewajiban pensiun yang diakui dalam when calculating the pension liability recognised within the
laporan posisi keuangan. statements of financial position.
Analisis jatuh tempo yang diharapkan dari imbalan kerja Expected maturity analysis of undiscounted other long-term
jangka panjang lainnya yang tidak terdiskonto adalah sebagai employment benefit are as follows:
berikut:
2024
Disajikan kembali/
2025 - Restated *) -
Dalam waktu 10 tahun 80.136 81.553 Within next 10 years
Dalam waktu 10-20 tahun 46.267 54.683 Within 10-20 years
Dalam waktu 20-30 tahun 6.931 10.248 Within 20-30 years
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
103
606 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 609
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
39. SALDO DAN TRANSAKSI DENGAN PIHAK-PIHAK 39. BALANCES AND TRANSACTIONS WITH RELATED
BERELASI PARTIES
Berikut adalah rincian sifat hubungan dengan pihak berelasi: The nature of relationships with related parties is summarised
as follows:
Pihak berelasi/ Sifat dari hubungan/ Sifat dari transaksi/
Related parties Nature of relationship Nature of transaction
PT Bank Danamon Indonesia Tbk Perusahaan induk/Parent company Kerjasama pembiayaan, pinjaman, kontrak cross currency and
interest rate swap, kas di bank dan pembelian obligasi/Financing
cooperation, borrowing, cross currency and interest rate swap
contracts, cash in bank and purchase of bonds.
PT Zurich Asuransi Indonesia Tbk Entitas asosiasi PT Bank Danamon Indonesia Kerjasama asuransi kendaraan pembiayaan konsumen, asuransi
Tbk/Associate entity of PT Bank Danamon aset tetap Perseroan, asuransi kesehatan dan pembelian
Indonesia Tbk obligasi/Insurance cooperation in respect of motor vehicles under
consumer financing, insurance of the Company’s fixed assets,
health insurance and purchase of bonds.
PT Home Credit Indonesia Dimiliki oleh pemegang saham pengendali Investasi dalam saham/Investment in shares.
perusahaan induk melalui Bank of Ayudhya
Public Company Limited/Owned by the
controlling shareholder of parent company
through Bank of Ayudhya Public Company
Limited
MUFG Bank, Ltd. Pemegang saham pengendali perusahaan Kas di bank dan pinjaman/Cash in bank and borrowing.
induk/The controlling shareholder of parent
company
PT Zurich General Takaful Indonesia Dimiliki oleh entitas asosiasi PT Bank Danamon Kerjasama asuransi kendaraan pembiayaan syariah dan
Indonesia Tbk/Owned by associate entity of pembelian sukuk mudharabah/Insurance cooperation in respect
PT Bank Danamon Indonesia Tbk of motor vehicles under sharia financing and purchase of
mudharabah bonds.
PT General Integrated Company Dimiliki oleh salah satu Komisaris Perusahaan Utang kepada dealer/Payables to dealers.
Induk/Owned by one Commissioner of Parent
Company
Personil manajemen kunci/ Direktur, komisaris dan pejabat eksekutif Kontrak pembiayaan konsumen dan murabahah, pembelian
Key management personnel /Directors, commissioners and executive obligasi, serta pembayaran gaji dan tunjangan direktur, komisaris
employees dan pejabat eksekutif/Consumer and murabahah financing
contract, purchase of bonds and allowances paid to directors,
commissioners and executive employees.
− Berdasarkan perjanjian pembiayaan bersama pada − Based on the joint financing agreement dated
tanggal 30 April 2004, dan diubah pada tanggal 30 April 2004, which was amended on 2 June 2025, the
2 Juni 2025, Perseroan dan PT Bank Danamon Company and PT Bank Danamon Indonesia Tbk agreed
Indonesia Tbk setuju untuk melakukan kerjasama to enter into a joint financing facility agreement for
pemberian fasilitas pembiayaan bersama kepada consumer. The portion of receivables financed by PT
konsumen. Porsi pembiayaan PT Bank Danamon Bank Danamon Indonesia Tbk is maximum at 99% of the
Indonesia Tbk adalah maksimal sebesar 99% dari jumlah balance to be financed and the portion of receivables
pembiayaan dan porsi Perseroan minimum sebesar 1% financed by the Company is minimum at 1% of the
dari jumlah pembiayaan. PT Bank Danamon Indonesia balance to be financed. PT Bank Danamon Indonesia Tbk
Tbk menentukan tingkat bunga pada tahun 2025 berkisar charged interest rates per annum in 2025 ranging from
antara 9,61% - 16,51% (2024: 10,81% - 16,34%). 9.61% - 16.51% (2024: 10.81% - 16.34%).
− Berdasarkan perjanjian wakalah pembiayaan bersama − Based on the wakalah agreement dated
pada tanggal 14 September 2017, dan diubah pada 14 September 2017, which was amended on 6 September
tanggal 6 September 2024, Perseroan dan PT Bank 2024, the Company and PT Bank Danamon Indonesia Tbk
Danamon Indonesia Tbk setuju untuk melakukan agreed to enter into a joint financing facility agreement for
kerjasama pemberian fasilitas pembiayaan bersama consumer. The portion of receivables financed by PT Bank
kepada konsumen. Porsi pembiayaan PT Bank Danamon Indonesia Tbk is maximum at 99% of the
Danamon Indonesia Tbk adalah maksimal sebesar 99% balance to be financed and the portion of receivables
dari jumlah pembiayaan dan porsi Perseroan minimum financed by the Company is minimum at 1% of the balance
sebesar 1% dari jumlah pembiayaan. PT Bank Danamon to be financed. PT Bank Danamon Indonesia Tbk charged
Indonesia Tbk menentukan tingkat bunga pada tahun interest rates per annum in 2025 ranging from 11.73% -
2025 berkisar antara 11,73% - 19,53% (2024: 13,80% - 19.53% (2024: 13.80% - 17.46%).
17,46%).
* Tidak diaudit *Unaudited
104
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 607
Page 610
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
39. SALDO DAN TRANSAKSI DENGAN PIHAK-PIHAK 39. BALANCES AND TRANSACTIONS WITH RELATED
BERELASI (lanjutan) PARTIES (continued)
− Perseroan memperoleh fasilitas pinjaman modal kerja − The Company has working capital facilities from
dari PT Bank Danamon Indonesia Tbk dan MUFG Bank, PT Bank Danamon Indonesia dan MUFG Bank, Ltd.
Ltd. (Jakarta) (lihat Catatan 17). (Jakarta) (see Note 17).
− Perseroan memiliki kas di bank pada PT Bank Danamon − The Company has cash in bank at PT Bank Danamon
Indonesia Tbk dan MUFG Bank, Ltd. (Jakarta) (lihat Indonesia Tbk and MUFG Bank, Ltd. (Jakarta) (see Note
Catatan 4). 4).
− Berdasarkan perjanjian pada tanggal 27 September − Based on the agreement dated 27 September 2018, the
2018, Perseroan dan PT Zurich Asuransi Indonesia Tbk Company and PT Zurich Asuransi Indonesia Tbk agreed
setuju untuk bekerjasama dalam mempromosikan dan to enter into a cooperation agreement in promoting and
memperkenalkan produk asuransi PT Zurich Asuransi introducing insurance products of PT Zurich Asuransi
Indonesia Tbk kepada konsumen Perseroan selama Indonesia Tbk to the Company’s consumers during the
masa efektif, yaitu 20 tahun. Sebagai imbal balik, effective period of 20 years. In return, on 27 November
Perseroan telah menerima access fee dari PT Zurich 2019, the Company received access fees from PT Zurich
Asuransi Indonesia Tbk (lihat Catatan 20). Asuransi Indonesia Tbk (see Note 20).
− Perseroan telah menunjuk PT Zurich Asuransi Indonesia − The Company appointed PT Zurich Asuransi Indonesia
Tbk untuk menyediakan perlindungan asuransi atas aset Tbk to provide insurance coverage for fixed assets.
tetap.
− Perseroan juga menunjuk PT Zurich Asuransi Indonesia − The Company has also appointed PT Zurich Asuransi
Tbk untuk menyediakan asuransi kesehatan untuk Indonesia Tbk to provide health insurance for the
karyawan Perseroan. Company’s employees.
− Perseroan telah menunjuk PT Zurich General Takaful − The Company appointed PT Zurich General Takaful
Indonesia untuk meyediakan perlindungan asuransi atas Indonesia to provide insurance cover for consumers motor
kendaraan bermotor konsumen dengan pembiayaan vehicles which are sharia financed by the Company.
syariah Perseroan.
− PT General Integrated Company merupakan salah satu − PT General Integrated Company is one of the dealers in
dealer dalam menyalurkan kendaraan bermotor kepada delivering motor vehicles to consumers who have received
konsumen yang telah memperoleh persetujuan kredit consumer financing contracts approval from Company.
dari Perseroan.
− Personil manajemen kunci adalah orang-orang yang − Key management personnel are those people who have
mempunyai wewenang dan tanggung jawab untuk the authority and responsibility to plan, lead, and control
merencanakan, memimpin, dan mengendalikan aktivitas activities of the Company, directly or indirectly. Key
Perseroan, secara langsung atau tidak langsung. management personnel consists of Directors,
Personil manajemen kunci Perseroan terdiri dari Commissioners, and executive employees of the
Direktur, Komisaris, dan pejabat ekskutif Perseroan, Company, parent company (PT Bank Danamon Indonesia
perusahaan induk (PT Bank Danamon Indonesia Tbk), Tbk), and other related parties.
dan pihak berelasi lainnya.
Seluruh transaksi yang signifikan dengan pihak-pihak All significant transactions with related parties are conducted
berelasi dilakukan dengan persyaratan dan kondisi usaha under commercial terms and condition which may not be
pada umumnya yang mungkin tidak sama sebagaimana similar to those conducted with third parties.
dilakukan dengan pihak ketiga.
* Tidak diaudit *Unaudited
105
608 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 611
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
39. SALDO DAN TRANSAKSI DENGAN PIHAK-PIHAK 39. BALANCES AND TRANSACTIONS WITH RELATED
BERELASI (lanjutan) PARTIES (continued)
Saldo dan transaksi dengan pihak berelasi adalah sebagai Balances and transactions with related parties are as follows:
berikut:
a. Kas dan setara kas (lihat Catatan 4) a. Cash and cash equivalents (see Note 4)
2024
Disajikan kembali/
2025 - Restated *) -
Perusahaan induk: Parent company:
PT Bank Danamon Indonesia Tbk 537.144 928.220 PT Bank Danamon Indonesia Tbk
Pihak berelasi lainnya: Other related party:
MUFG Bank, Ltd. (Jakarta) 29.180 29.026 MUFG Bank, Ltd. (Jakarta)
566.324
- 957.246
-
Persentase terhadap total aset 1,47%
-- 2,49%
-- Percentage to total assets
b. Piutang pembiayaan konsumen (lihat Catatan 5) b. Consumer financing receivables (see Note 5)
2024
Disajikan kembali/
2025 - Restated *) -
Personil manajemen kunci dari perusahaan Key management personnel of
induk: parent company:
Piutang pembiayaan konsumen - bruto 2.852 3.334 Consumer financing receivables - gross
Pendapatan pembiayaan konsumen yang
belum diakui (174) (340) Unearned consumer financing income
Cadangan kerugian penurunan nilai (6) (17) Allowance for impairment losses
2.672 2.977
Personil manajemen kunci dari Perseroan: Key management personnel of the Company:
Piutang pembiayaan konsumen - bruto 1.590 4.344 Consumer financing receivables - gross
Pendapatan pembiayaan konsumen yang
belum diakui (195) (308) Unearned consumer financing income
Cadangan kerugian penurunan nilai (29) (51) Allowance for impairment losses
1.366 3.985
Personil manajemen kunci dari pihak Key management personnel of
berelasi lainnya: other related parties:
Piutang pembiayaan konsumen - bruto 1.074 10 Consumer financing receivables - gross
Pendapatan pembiayaan konsumen yang
belum diakui (113) - Unearned consumer financing income
Cadangan kerugian penurunan nilai (5) - Allowance for impairment losses
956 10
4.994
- 6.972
-
Persentase terhadap total aset 0,01%
-- 0,02%
-- Percentage to total assets
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
106
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 609
Page 612
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
39. SALDO DAN TRANSAKSI DENGAN PIHAK-PIHAK 39. BALANCES AND TRANSACTIONS WITH RELATED
BERELASI (lanjutan) PARTIES (continued)
Saldo dan transaksi dengan pihak berelasi adalah sebagai Balances and transactions with related parties are as
berikut: (lanjutan) follows: (continued)
c. Piutang pembiayaan murabahah (lihat Catatan 6) c. Murabahah financing receivables (see Note 6)
2024
Disajikan kembali/
2025 - Restated *) -
Personil manajemen kunci dari perusahaan Key management personnel of
induk: parent company:
Piutang pembiayaan murabahah - bruto 881 862 Murabahah financing receivables - gross
Margin murabahah yang belum diakui (83) (39) Unearned murabahah margin
Cadangan kerugian penurunan nilai (35) (39) Allowance for impairment losses
763 784
Personil manajemen kunci dari Perseroan: Key management personnel of the Company:
Piutang pembiayaan murabahah - bruto 992 1 Murabahah margin receivables - gross
Margin murabahah yang belum diakui (72) - Unearned murabahah margin
Cadangan kerugian penurunan nilai (47) - Allowance for impairment losses
873 1
Personil manajemen kunci dari pihak Key management personnel of
berelasi lainnya: other related parties:
Piutang pembiayaan murabahah - bruto 26 - Murabahah margin receivables - gross
Margin murabahah yang belum diakui (3) - Unearned murabahah margin
Cadangan kerugian penurunan nilai (2) - Allowance for impairment losses
21 -
1.657
- 785
-
Persentase terhadap total aset 0,00%
-- 0,00%
-- Percentage to total assets
d. Beban dibayar dimuka (lihat Catatan 9) d. Prepaid expenses (see Note 9)
2024
Disajikan kembali/
2025 - Restated *) -
Perusahaan induk: Parent company:
PT Bank Danamon Indonesia Tbk 583 134 PT Bank Danamon Indonesia Tbk
Pihak berelasi lainnya: Other related party:
PT Zurich Asuransi Indonesia Tbk 51.222 44.053 PT Zurich Asuransi Indonesia Tbk
51.805
- 44.187
-
Persentase terhadap total aset -- 0,13% - 0,12% Percentage to total assets
-
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
107
610 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 613
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
39. SALDO DAN TRANSAKSI DENGAN PIHAK-PIHAK 39. BALANCES AND TRANSACTIONS WITH RELATED
BERELASI (lanjutan) PARTIES (continued)
Saldo dan transaksi dengan pihak berelasi adalah sebagai Balances and transactions with related parties are as
berikut: (lanjutan) follows: (continued)
e. Piutang lain-lain (lihat Catatan 10) e. Other receivables (see Note 10)
2024
Disajikan kembali/
` 2025 Restated *) -
Pihak berelasi lainnya: Other related parties:
PT Zurich Asuransi Indonesia Tbk 32.050 28.834 PT Zurich Asuransi Indonesia Tbk
PT Zurich General Takaful Indonesia 11.404 8.974 PT Zurich General Takaful Indonesia
Personil manajemen kunci dari Perseroan 13.011 16.431 Key management personnel of the Company
56.465
- 54.239
-
Persentase terhadap total aset 0,15%
-- 0,14%
-- Percentage to total assets
Tidak terdapat kerugian penurunan nilai atas piutang No impairment losses of other receivables from key
lain-lain dari personil manajemen kunci selama tahun management personnel during the year, and no
berjalan, dan tidak ada cadangan yang dibuat untuk allowance has been made for impairment losses of
kerugian penurunan nilai atas piutang lain-lain dari other receivables from key management personnel and
personil manajemen kunci dan anggota keluarga dekat their immediate family at the end of the year.
mereka pada akhir tahun.
f. Aset/liabilitas derivatif (lihat Catatan 11) f. Derivative assets/liabilities (see Note 11)
2024
Disajikan kembali/
2025 - Restated *) -
Aset derivatif Derivative assets
PT Bank Danamon Indonesia Tbk 857 - PT Bank Danamon Indonesia Tbk
857
- --
Persentase terhadap total aset 0,00%
-- 0,00%
-- Percentage to total assets
Liabilitas derivatif Derivative liabilities
PT Bank Danamon Indonesia Tbk 1.711 - PT Bank Danamon Indonesia Tbk
1.711
- --
Persentase terhadap total liabilitas 0,01%
-- 0,00%
-- Percentage to total liabilities
g. Investasi dalam saham (lihat Catatan 12) g. Investment in shares (see Note 12)
2024
Disajikan kembali/
2025 - Restated *) -
Pihak berelasi lainnya: Other related party:
PT Home Credit Indonesia 420.717
- 396.870
- PT Home Credit Indonesia
Persentase terhadap total aset 1,09%
-- 1,03%
-- Percentage to total assets
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
108
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 611
Page 614
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
39. SALDO DAN TRANSAKSI DENGAN PIHAK-PIHAK 39. BALANCES AND TRANSACTIONS WITH RELATED
BERELASI (lanjutan) PARTIES (continued)
Saldo dan transaksi dengan pihak berelasi adalah sebagai Balances and transactions with related parties are as
berikut: (lanjutan) follows: (continued)
h. Pinjaman yang diterima (lihat Catatan 17) h. Borrowings (see Note 17)
2024
Disajikan kembali/
2025 - Restated *) -
Perusahaan induk: Parent company:
PT Bank Danamon Indonesia Tbk 1.016.373 265.278 PT Bank Danamon Indonesia Tbk
Pihak berelasi lainnya: Other related parties:
MUFG Bank, Ltd. (Hong Kong) 2.584.625 4.104.225 MUFG Bank, Ltd. (Hong Kong)
MUFG Bank, Ltd. (Singapura) 1.102.335 1.063.278 MUFG Bank, Ltd. (Singapore)
MUFG Bank, Ltd. (Jakarta) 627.217 433.333 MUFG Bank, Ltd. (Jakarta)
- 5.330.550 - 5.866.114
Persentase terhadap total liabilitas -- 22,68% - 24,62% Percentage to total liabilities
-
i. Beban yang masih harus dibayar (lihat Catatan 18) i. Accrued expenses (see Note 18)
2024
Disajikan kembali/
2025 - Restated *) -
Perusahaan induk: Parent company:
PT Bank Danamon Indonesia Tbk 3.142 1.283 PT Bank Danamon Indonesia Tbk
Pihak berelasi lainnya: Other related parties:
PT Zurich Asuransi Indonesia Tbk 41.760 44.814 PT Zurich Asuransi Indonesia Tbk
MUFG Bank, Ltd. (Hong Kong) 18.181 30.457 MUFG Bank, Ltd. (Hong Kong)
MUFG Bank, Ltd. (Singapura) 9.056 9.880 MUFG Bank, Ltd. (Singapore)
MUFG Bank, Ltd. (Jakarta) 4.532 4.866 MUFG Bank, Ltd. (Jakarta)
PT Zurich General Takaful Indonesia 438 438 PT Zurich General Takaful Indonesia
Personil manajemen kunci dari Perseroan - 42 Key management personnel of the Company
Personil manajemen kunci dari pihak Key management personnel of the other
berelasi lainnya - 4 related parties
77.109
- 91.784
-
Persentase terhadap total liabilitas 0,33%
-- 0,39%
-- Percentage to total liabilities
j. Utang obligasi (lihat Catatan 19) j. Bonds payable (see Note 19)
2024
Disajikan kembali/
2025 - Restated *) -
Perusahaan induk: Parent company:
PT Bank Danamon Indonesia Tbk 73.050 70.600 PT Bank Danamon Indonesia Tbk
Pihak berelasi lainnya: Other related party:
PT Zurich Asuransi Indonesia Tbk 110.000 110.000 PT Zurich Asuransi Indonesia Tbk
Personil manajemen kunci dari Perseroan - 3.200 Key management personnel of the Company
Personil manajemen kunci dari pihak Key management personnel of the other
berelasi lainnya - 3.000 related parties
183.050
- 186.800
-
Persentase terhadap total liabilitas 0,78%
-- 0,78%
-- Percentage to total liabilities
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
109
612 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 615
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
39. SALDO DAN TRANSAKSI DENGAN PIHAK-PIHAK 39. BALANCES AND TRANSACTIONS WITH RELATED
BERELASI (lanjutan) PARTIES (continued)
Saldo dan transaksi dengan pihak berelasi adalah sebagai Balances and transactions with related parties are as
berikut: (lanjutan) follows: (continued)
k. Utang lain-lain (lihat Catatan 20) k. Other payables (see Note 20)
2024
Disajikan kembali/
2025 - Restated *) -
Perusahaan induk: Parent company:
PT Bank Danamon Indonesia Tbk 166.189 33.641 PT Bank Danamon Indonesia Tbk
MUFG Bank, Ltd - 2.278 MUFG Bank, Ltd
Pihak berelasi lainnya: Other related parties:
PT Zurich Asuransi Indonesia Tbk 676.486 650.991 PT Zurich Asuransi Indonesia Tbk
PT Zurich General Takaful Indonesia 38.943 28.237 PT Zurich General Takaful Indonesia
PT General Integrated Company - 48 PT General Integrated Company
881.618
- 715.195
-
Persentase terhadap total liabilitas 3,75%
- 3,00%
- Percentage to total liabilities
l. Sukuk mudharabah (lihat Catatan 23) l. Mudharabah bonds (see Note 23)
2024
Disajikan kembali/
2025 - Restated *) -
Pihak berelasi lainnya: Other related party:
PT Zurich General Takaful Indonesia 30.000
- 30.000
- PT Zurich General Takaful Indonesia
Persentase terhadap total liabilitas 0,13%
-- 0,13%
-- Percentage to total liabilities
m. Pendapatan pembiayaan konsumen m. Consumer financing income (see Note 29)
(lihat Catatan 29)
2024
Disajikan kembali/
2025 - Restated *) -
Personil manajemen kunci Key management personnels
dari Perseroan 525 392 of the Company
Personil manajemen kunci dari Key management personnel of
perusahaan induk 426 492 parent company
Personil manajemen kunci dari pihak Key management personnel of other
berelasi lainnya 44 8 related parties
995
- 892
-
Persentase terhadap total pendapatan 0,01%
-- 0,01%
-- Percentage to total income
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
110
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 613
Page 616
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
39. SALDO DAN TRANSAKSI DENGAN PIHAK-PIHAK 39. BALANCES AND TRANSACTIONS WITH RELATED
BERELASI (lanjutan) PARTIES (continued)
Saldo dan transaksi dengan pihak berelasi adalah sebagai Balances and transactions with related parties are as
berikut: (lanjutan) follows: (continued)
n. Marjin murabahah (lihat Catatan 30) n. Murabahah margin (see Note 30)
2024
Disajikan kembali/
2025 - Restated *) -
Personil manajemen kunci dari Key management personnel of
perusahaan induk 86 54 parent company
Personil manajemen kunci Key management personnels
dari Perseroan 206 1 of the Company
Personil manajemen kunci dari pihak Key management personnel of other
berelasi lainnya 1 - related parties
293
- -55
Persentase terhadap total pendapatan 0,00%
-- 0,00%
-- Percentage to total income
o. Pendapatan lain-lain (lihat Catatan 33) o. Other income (see Note 33)
2024
Disajikan kembali/
2025 - Restated *) -
Perusahaan induk: Parent company:
PT Bank Danamon Indonesia Tbk 10.629 7.874 PT Bank Danamon Indonesia Tbk
Pihak berelasi lainnya: Other related parties:
PT Zurich Asuransi Indonesia Tbk 58.703 63.759 PT Zurich Asuransi Indonesia Tbk
PT Zurich General Takaful Indonesia 9.302 4.631 PT Zurich General Takaful Indonesia
78.634- 76.264-
Persentase terhadap total pendapatan 0,65%
-- 0,65%
-- Percentage to total income
p. Beban gaji dan tunjangan (lihat Catatan 34) p. Salaries and benefits expenses (see Note 34)
2024
Disajikan kembali/
2025 - Restated *) -
Personil manajemen kunci dari Perseroan: Key management personnel of the Company:
Imbalan kerja jangka pendek 139.264 134.901 Short-term employees' benefits
Imbalan pasca-kerja 6.103 5.984 Post-employment benefits
Imbalan kerja jangka-panjang lainnya 348 847 Other long-term employees' benefits
Pesangon pemutusan kontrak kerja - 3.754 Termination benefits
145.715
- 145.486
-
Persentase terhadap total beban 1,44%
-- 1,53%
-- Percentage to total expenses
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
111
614 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 617
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
39. SALDO DAN TRANSAKSI DENGAN PIHAK-PIHAK 39. BALANCES AND TRANSACTIONS WITH RELATED
BERELASI (lanjutan) PARTIES (continued)
Saldo dan transaksi dengan pihak berelasi adalah sebagai Balances and transactions with related parties are as
berikut: (lanjutan) follows: (continued)
q. Beban bunga dan keuangan (lihat Catatan 35) q. Interest expense and financing charges
(see Note 35)
2024
Disajikan kembali/
2025 - Restated *) -
Perusahaan induk: Parent company:
PT Bank Danamon Indonesia Tbk 52.118 35.043 PT Bank Danamon Indonesia Tbk
Pihak berelasi lainnya: Other related parties:
MUFG Bank, Ltd. (Hong Kong) 196.066 163.838 MUFG Bank, Ltd. (Hong Kong)
MUFG Bank, Ltd. (Jakarta) 58.831 58.556 MUFG Bank, Ltd. (Jakarta)
MUFG Bank, Ltd. (Singapura) 9.057 8.411 MUFG Bank, Ltd. (Singapore)
PT Zurich Asuransi Indonesia Tbk 6.875 6.875 PT Zurich Asuransi Indonesia Tbk
Personil manajemen kunci dari Perseroan 3 284 Key management personnel of the Company
Personil manajemen kunci dari pihak berelasi Key management personnel of
lainnya 38 168 the other related parties
322.988- 273.175-
Persentase terhadap total beban -- 3,19% -- 2,88% Percentage to total expenses
r. Bagi hasil sukuk mudharabah r. Revenue sharing for mudharabah bonds
2024
Disajikan kembali/
2025 - Restated *) -
Pihak berelasi lainnya: Other related parties:
PT Zurich General Takaful Indonesia 1.875- 1.875- PT Zurich General Takaful Indonesia
Persentase terhadap total beban - 0,02% - 0,02% Percentage to total expenses
s. Penyisihan/(pemulihan) kerugian penurunan nilai s. Provision/(reversal) for impairment losses on
piutang pembiayaan konsumen (lihat Catatan 5) consumer financing receivables (see Note 5)
2024
Disajikan kembali/
2025 - Restated *) -
Personil manajemen kunci dari Key management personnel of
Perseroan (22) (41) the Company
Personil manajemen kunci dari Key management personnel of
perusahaan induk (11) 2 parent company
Personil manajemen kunci dari Key management personnels of the
pihak berelasi lainnya 5 - other related parties
(28)
- (39)
-
Persentase terhadap total beban 0,00%
-- 0,00%
-- Percentage to total expenses
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
112
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 615
Page 618
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
39. SALDO DAN TRANSAKSI DENGAN PIHAK-PIHAK 39. BALANCES AND TRANSACTIONS WITH RELATED
BERELASI (lanjutan) PARTIES (continued)
Saldo dan transaksi dengan pihak berelasi adalah sebagai Balances and transactions with related parties are as
berikut: (lanjutan) follows: (continued)
t. Penyisihan/(pemulihan) kerugian penurunan nilai t. Provision/(reversal) for impairment losses on
piutang pembiayaan murabahah (lihat Catatan 6) murabahah financing receivables (see Note 6)
2024
Disajikan kembali/
2025 - Restated *) -
Personil manajemen kunci dari Key management personnel of
perusahaan induk (4) 26 parent company
Personil manajemen kunci dari Key management personnel of
Perseroan 47 - the Company
Personil manajemen kunci dari Key management personnels of the
pihak berelasi lainnya 2 - other related parties
-45 26-
Persentase terhadap total beban 0,00% 0,00% Percentage to total expenses
-- --
u. Beban umum dan administrasi (lihat Catatan 36) u. General and administrative expenses (see Note 36)
2024
Disajikan kembali/
2025 - Restated *) -
Pihak berelasi lainnya: Other related party:
PT Zurich Asuransi Indonesia Tbk 2.279
- 3.168
- PT Zurich Asuransi Indonesia Tbk
Persentase terhadap total beban -- 0,02% - 0,03% Percentage to total expenses
-
v. Premi asuransi terkait pembiayaan kepada PT Zurich v. Insurance premiums related to financing to PT Zurich
Asuransi Indonesia Tbk pada tahun 2025 sebesar Asuransi Indonesia Tbk in 2025 amounted to
Rp1.086.452 (2024: Rp1.084.290). Perseroan Rp1,086,452 (2024: Rp1,084,290). The Company
memperoleh komisi, sponsorship dan lainnya dari PT earned commission, sponsorship and others from PT
Zurich Asuransi Indonesia Tbk pada tahun 2025 sebesar Zurich Asuransi Indonesia Tbk in 2025 amounted to
Rp343.847 (2024: Rp375.375). Rp343,847 (2024: Rp375,375).
w. Premi asuransi terkait pembiayaan kepada PT Zurich w. Insurance premiums related to financing to PT Zurich
General Takaful Indonesia pada tahun 2025 sebesar General Takaful Indonesia in 2025 amounted to
Rp370.087 (2024: Rp330.402). Perseroan memperoleh Rp370,087 (2024: Rp330,402). The Company earned
komisi dari PT Zurich General Takaful Indonesia pada commission from PT Zurich General Takaful Indonesia
tahun 2025 sebesar Rp115.084 (2024: Rp111.605). in 2025 amounted to Rp115,084 (2024: Rp111,605).
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
113
616 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 619
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
40. MANAJEMEN RISIKO KEUANGAN 40. FINANCIAL RISK MANAGEMENT
Pendahuluan dan gambaran umum Introduction and overview
Perseroan memiliki eksposur terhadap risiko-risiko atas The Company has exposure to the following risks from
instrumen keuangan sebagai berikut: financial instruments:
• Risiko pasar • Market risk
• Risiko kredit • Credit risk
• Risiko likuiditas • Liquidity risk
• Risiko operasional • Operational risk
Kerangka manajemen risiko Risk management framework
Mengingat bahwa penerapan praktik manajemen risiko yang Considering that implementation of good risk management
baik dapat mendukung kinerja dari perusahaan pembiayaan, practices could support the performance of a finance
maka manajemen risiko selalu menjadi elemen pendukung company, risk management would always be an important
penting bagi Perseroan dalam menjalankan bisnisnya. supporting element for the Company in conducting its
Sasaran dan tujuan utama dari diterapkannya praktik business. The target and main purpose of the implementation
manajemen risiko di Perseroan adalah untuk menjaga dan of risk management practices in the Company is to maintain
melindungi Perseroan melalui pengelolaan risiko kerugian and protect the Company through managing the risk of losses
yang mungkin timbul dari berbagai aktivitasnya serta which could arise from its various activities as well as
menjaga tingkat risiko agar sesuai dengan arahan yang maintaining risk level in order to match with the direction
ditetapkan oleh Perseroan. established by the Company.
Nilai-nilai kepatuhan terhadap peraturan yang ada dan The values of compliance to the existing and prevailing
berlaku harus dibudayakan dan melekat pada semua regulations should be cultivated and embedded into all
karyawan Perseroan yang dipimpin oleh jajaran manajemen employees of the Company, led by the management of the
Perseroan. Infrastruktur risiko dibangun melalui tersedianya Company. Risk infrastructure is built through the availability
kebijakan dan proses yang tepat dan sesuai dengan kondisi of appropriate policies and processes which are in line with
terkini, pengembangan sistem dan database risiko yang current conditions, continuous development of systems and
berkelanjutan, serta teknik dan metodologi pengelolaan yang risk database, as well as modern management techniques
modern. Membangun proses dan kemampuan risiko yang and methodologies. Building strong and healthy processes as
sehat dan kuat adalah sebuah pengkajian yang well as risk capabilities is a continuous assessment on
berkesinambungan terhadap tujuan penanganan risiko serta objectives of risks handling as well as various activities
berbagai aktivitas yang menyangkut penanganan risiko, involving risks handling, such as identification, measurement,
seperti identifikasi, pengukuran, pemantauan dan monitoring and controlling risk.
pengendalian risiko.
Satuan kerja manajemen risiko juga berkewajiban untuk Risk management unit is also obliged to maintain the
menjaga arahan risiko yang dapat diterima dan disetujui oleh direction of risk that is acceptable and approved by the
Dewan Komisaris dan Direksi dengan tetap berpedoman dan Boards of Commissioners and Directors so that it would
mampu menyesuaikan diri dengan perkembangan usaha. remain guided and capable of adapting with business
Terkait dengan “Penerapan Manajemen Risiko secara development. Related to the "Implementation of
Konsolidasi bagi Bank yang Melakukan Pengendalian Consolidated Risk Management for Banks Performing
terhadap Perusahaan Anak”, dilaksanakan Perseroan dalam Control on Subsidiary Companies", is implemented by the
kapasitasnya sebagai Entitas Anak dari PT Bank Danamon Company in its capacity as the Subsidiary of PT Bank
Indonesia Tbk, pemegang saham pengendali Perseroan. Danamon Indonesia Tbk, the controlling shareholder of the
Aktivitas ini mengacu kepada Peraturan Otoritas Jasa Company. This activity refers to Financial Services Authority
Keuangan (POJK) No. 38/POJK.03/2017 tertanggal Regulation (POJK) No. 38/POJK.03/2017 dated 12 July 2017
12 Juli 2017 dan No. 22 Tahun 2025 tertanggal and No. 22 Year 2025 dated 15 September 2025, in which
15 September 2025, yang mana penerapan manajemen the implementation of Company’s risk management is an
risiko Perseroan merupakan pendekatan terpadu dan integrated and consistent approach in conducting review,
konsisten dalam melakukan penelaahan, pengukuran, measurement, monitoring and management of risks to the
pemantauan dan pengelolaan risiko terhadap seluruh entire components of the Company’s group. This matter has
komponen kelompok Perseroan. Hal ini juga dipertegas oleh already been emphasised by POJK No. 17/POJK.03/2014
POJK No. 17/POJK.03/2014 dan Surat Edaran Otoritas Jasa and Circular Letter fo Financial Services Authority (SEOJK)
Keuangan (SEOJK) No.14/SEOJK.03/2015 mengenai No.14/SEOJK.03/2015 regarding the implementation of
penerapan manajemen risiko terintegrasi bagi konglomerasi integrated risk management for financial conglomerates, and
keuangan, serta POJK No. 30 Tahun 2024 mengenai POJK No. 30 Year 2024 regarding financial conglomeration
konglomerasi keuangan dan perusahaan induk konglomerasi and financial conglomerate holding company. Furthermore,
keuangan. Lebih lanjut, kemitraan antara Perseroan dengan the partnership between the Company and its Parent
Perusahaan Induk merupakan hal yang sangat penting, Company is an important matter, considering both companies
mengingat keduanya menghadapi tantangan regional dan face the same regional and global challenges in managing
global yang sama dalam mengelola pertumbuhan bisnis yang rapid business growth and intense competition atmosphere;
cepat dan dalam suasana kompetisi yang ketat, namun pada however, at the same time the Company must remain
saat yang bersamaan Perseroan harus tetap mampu capable of conducting the business practices, based upon
menyelenggarakan praktik bisnis tersebut berdasarkan dan and in reference to the prudence principle.
mengacu kepada prinsip kehati-hatian.
* Tidak diaudit *Unaudited
114
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 617
Page 620
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
40. MANAJEMEN RISIKO KEUANGAN (lanjutan) 40. FINANCIAL RISK MANAGEMENT (continued)
Kerangka manajemen risiko (lanjutan) Risk management framework (continued)
Sebagai Perseroan yang bergerak di bidang pembiayaan, As a company engaged in financing activities, the Company’s
manajemen Perseroan memiliki komitmen penuh untuk management is fully committed to implement risk
menerapkan manajemen risiko secara komprehensif yang management comprehensively, which essentially covers the
secara esensi mencakup kecukupan kebijakan, prosedur adequacy of policies, procedures and risk management
dan metodologi pengelolaan risiko sehingga kegiatan usaha methodology; hence, the Company's business activities
Perseroan tetap dapat terarah dan terkendali pada batasan could remain directed and controlled at an acceptable risk
risiko yang dapat diterima, serta tetap menguntungkan limit, at the same time the Company can still be profitable.
Perseroan. Direktorat Manajemen Risiko yang berperan Risk Management Directorate is playing an active role in
secara aktif dalam mengkoordinasikan tindakan-tindakan coordinating preventive, proactive and responsive actions
pencegahan, proaktif dan responsif dengan seluruh with all employees from various levels within the Company in
karyawan dari berbagai tingkatan yang ada di dalam order to support the implementation of risk management,
Perseroan untuk mendukung penerapan manajemen risiko because all divisions of the Company will play their
ini, karena semua bagian di dalam Perseroan masing- respective important roles.
masing akan memainkan peranan penting.
Dalam penerapan manajemen risiko, Perseroan menyadari In the implementation of risk management, the Company
pentingnya untuk memiliki sebuah mekanisme yang realises the importance of having an adequate mechanism to
memadai dalam mengakomodasi risiko-risiko yang dihadapi accommodate the risks faced by the Company. The
oleh Perseroan. Perseroan memiliki suatu mekanisme yang Company has a mechanism that is based upon 4 (four) risk
bertumpu pada 4 (empat) pilar manajemen risiko, yang dapat management pillars,which could be described as follows:
diuraikan sebagai berikut:
Pilar 1: Pengawasan Aktif Dewan Komisaris dan Direksi Pillar 1: Active Supervision by Boards of
Commissioners and Directors
Pengawasan aktif tersebut tercermin sejak perencanaan Active supervision is reflected since the planning of annual
bisnis tahunan, yang mencakup: business plan, which includes:
• Menyetujui dan melakukan evaluasi kebijakan • Approving and evaluating risk management policies on
manajemen risiko secara berkala; a regular basis;
• Melakukan evaluasi dan menyetujui aktivitas yang • Evaluating and approving activities that require approval
memerlukan persetujuan dari Dewan Komisaris atau from the Board of Commissioners or Board of Directors;
Direksi;
• Menetapkan kebijakan dan strategi manajemen risiko • Establishing risk management policies and strategies,
termasuk penetapan otoritas dalam pemberian batasan which include determining the authorisation in limits and
serta tinjauan atas kualitas portofolio secara berkala; reviewing the quality of portfolio on a regular basis;
• Terdapatnya Komite Audit dan Komite Pemantau Risiko • The presence of the Audit Committee and Risk
sebagai organ Dewan Komisaris dalam melaksanakan Oversight Committee as an organ of the Board of
fungsi pengawasannya; dan Commissioners in carrying out their supervisory
functions; and
• Membentuk komite yang terkait dengan penerapan • Establishing committees in relation to the
manajemen risiko, yaitu Komite Manajemen Risiko. implementation of risk management, i.e. the Risk
Management Committee.
Kerangka konsolidasi manajemen risiko dengan Perusahaan The consolidated risk management framework with Parent
Induk dibentuk dengan menempatkan wakil dari Perusahaan Company is established through placing representatives
Induk dalam jajaran Dewan Komisaris Perseroan. Kerangka from Parent Company in the Board of Commissioners. The
tersebut juga dilaksanakan melalui pemeriksaan kinerja framework is also implemented through regular performance
secara berkala oleh Perusahaan Induk terhadap Perseroan, assessment by the Parent Company on the Company,
menyangkut kinerja keuangan, pengawasan sistem concerning the financial performance, monitoring on
informasi akuntansi, serta tingkat kesehatan dan profil risiko accounting information system, as well as the level of
dari piutang pembiayaan. soundness and risk profile of the Company’s financing
receivables.
* Tidak diaudit *Unaudited
115
618 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 621
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
40. MANAJEMEN RISIKO KEUANGAN (lanjutan) 40. FINANCIAL RISK MANAGEMENT (continued)
Kerangka manajemen risiko (lanjutan) Risk management framework (continued)
Dalam penerapan manajemen risiko, Perseroan menyadari In the implementation of risk management, the Company
pentingnya untuk memiliki sebuah mekanisme yang realises the importance of having an adequate mechanism to
memadai dalam mengakomodasi risiko-risiko yang dihadapi accommodate the risks faced by the Company. The
oleh Perseroan. Perseroan memiliki suatu mekanisme yang Company has a mechanism that is based upon 4 (four) risk
bertumpu pada 4 (empat) pilar manajemen risiko, yang dapat management pillars,which could be described as follows:
diuraikan sebagai berikut: (lanjutan) (continued)
Pilar 2: Kecukupan Kebijakan, Prosedur dan Penetapan Pillar 2: Risk Management Policy, Procedures, and Limit
Limit Manajemen Risiko Setup
Perseroan menyusun kebijakan-kebijakan terkait The Company develops policies related to risk management,
manajemen risiko yang diperiksa secara berkala dan selalu which are assessed periodically and aligned constantly to fit
disesuaikan dengan keadaan usaha terkini. Kebijakan the most recent business situation. The policy is translated
tersebut diterjemahkan ke dalam Prosedur Operasi Standar into Standard Operating Procedures and Internal Memo,
dan Memo Internal yang disosialisasikan kepada seluruh which are being socialised to all employees. The Company
karyawan. Perseroan juga memiliki kebijakan-kebijakan also has policies regarding limitation on
mengenai batasan persetujuan/otorisasi untuk transaksi approval/authorisation for both credit and non-credit
kredit maupun yang bukan transaksi kredit. transactions.
Kerangka konsolidasi manajemen risiko dengan Perusahaan The consolidated risk management framework with Parent
Induk terselenggara mengingat Perseroan mendapatkan Company is established as the Company obtains approval
persetujuan dari Perusahaan Induk untuk pengajuan batasan from Parent Company for proposal of new limits and for new
baru maupun atas program kredit untuk produk baru (jika product credit programs (if any). The Company’s policy in
ada). Kebijakan cadangan kerugian penurunan nilai piutang relation with allowance for impairment losses on receivables
Perseroan juga mengikuti kebijakan penyisihan pada should also follow the Parent Company's policy, which is in
Perusahaan Induk yang sejalan dan patuh terhadap Standar line and in compliance with Indonesian Financial Accounting
Akuntansi Keuangan di Indonesia. Standards.
Pilar 3: Kecukupan Proses Identifikasi, Pengukuran, Pillar 3: Risk Identification, Measurement, Monitoring
Pemantauan dan Pengendalian Risiko, serta Sistem and Control, and Risk Management Information System
Informasi Manajemen Risiko
Perseroan memiliki perangkat untuk mengidentifikasi, The Company has a set of tools to identify, measure and
mengukur dan mengawasi risiko terutama risiko kredit dan monitor risks, especially credit risk and operational risk
risiko operasional melalui mekanisme pelaporan dan sistem through the existing reporting and management information
informasi manajemen yang ada serta melalui pertemuan system mechanism, as well as through the regular meetings
berkala Komite Audit dan Komite Pemantau Risiko of the Company’s Audit and Risk Oversight Committee. In
Perseroan. Selain itu, sistem teknologi informasi utama addition, the Company’s major information technology
Perseroan mampu menyediakan data/informasi secara cepat system is capable of providing data/information instantly and
dan akurat kepada pihak Manajemen, Perusahaan Induk accurately for the Management, Parent Company or other
atau pihak ketiga yang terkait lainnya. related third parties.
Kerangka konsolidasi manajemen risiko dengan Perusahaan The consolidated risk management framework with Parent
Induk terlaksana melalui penyampaian paparan risiko Company is conducted through the reporting of the
Perseroan yang ada secara berkala kepada Komite Company's risk exposure periodically to the Parent
Manajemen Risiko Perusahaan Induk, termasuk Company’s Risk Management Committee, including the
penyampaian laporan berkala terkait aspek kepatuhan, periodic reporting in relation to the compliance, legal and
hukum dan lainnya kepada Perusahaan Induk. other aspects to the Parent Company.
Pilar 4: Sistem Pengendalian Internal yang Menyeluruh Pillar 4: Comprehensive Internal Control System
Perseroan memiliki Divisi Audit Internal yang secara The Company has an Internal Audit Division which
independen melaporkan proses dan hasil pemeriksaannya independently reports on the process and results of
kepada Dewan Komisaris dan Direktur Utama. Akuntabilitas assessment to the Board of Commissioners and President
dari Divisi Audit Internal mencakup: Director. The accountability of the Internal Audit Division
includes:
• Menyediakan penilaian atas kecukupan dan efektivitas • Providing assessment on the adequacy and
dari semua proses yang ada di dalam Perseroan; effectiveness of all existing processes within the
Company;
• Melaporkan masalah-masalah penting yang terkait • Reporting on important issues related to the control
dengan proses pengendalian aktivitas-aktivitas di dalam process of activities within the Company, including
Perseroan, termasuk perbaikan yang potensial terhadap potential improvements to these processes; and
proses-proses tersebut; dan
• Koordinasi dengan satuan kerja/fungsi pengendali dan • Coordinating with other controlling and supervisory
pengawasan lainnya (manajemen risiko, kepatuhan, units/functions (risk management, compliance, legal and
hukum dan audit eksternal). external audit).
* Tidak diaudit *Unaudited
116
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 619
Page 622
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
40. MANAJEMEN RISIKO KEUANGAN (lanjutan) 40. FINANCIAL RISK MANAGEMENT (continued)
Kerangka manajemen risiko (lanjutan) Risk management framework (continued)
Kerangka konsolidasi manajemen risiko dengan Perusahaan The consolidated risk management framework with Parent
Induk juga dicerminkan dengan dilaksanakannya audit Company is also reflected in the implementation of regular
reguler/audit Teknologi Informasi/audit terintegrasi atas unit- audit/Information Technology audit/integrated audit on the
unit di Perseroan oleh Satuan Kerja Audit Internal (SKAI) business units in the Company by Parent Company’s
Perusahaan Induk. Internal Audit Unit (SKAI).
Risiko pasar Market risk
Risiko pasar merupakan risiko yang terutama disebabkan Market risk is the risk which is primarily caused by the
karena perubahan tingkat suku bunga dan nilai tukar mata changes in interest rates and exchange rate of Rupiah
uang Rupiah, yang dapat membawa risiko bagi Perseroan. currency, which could bring exposure to the Company. In the
Dalam perencanaan usaha Perseroan, risiko pasar yang Company's business planning, market risk with direct impact
memiliki dampak langsung kepada Perseroan adalah dalam to the Company is in terms of interest rates management.
hal pengelolaan tingkat bunga.
Perubahan tingkat bunga acuan akan menjadi risiko pada Changes in interest rates would become a risk at the point of
saat perubahannya, terutama ketika tingkat bunga change, especially when the interest rate is raised, which
dinaikkan, yang menyebabkan kerugian bagi Perseroan. would cause losses to the Company. Therefore, the
Untuk itu, Perseroan menerapkan pengelolaan tingkat Company consistently implements fixed interest rate
bunga tetap secara konsisten dengan menyesuaikan tingkat management by doing adjustment on lending interest rate
bunga kredit terhadap tingkat bunga pinjaman dan beban and cost of funds.
dana.
Sumber pendanaan Perseroan berasal dari skema Source of funding for the Company is from joint financing
pembiayaan bersama dengan PT Bank Danamon Indonesia scheme with PT Bank Danamon Indonesia Tbk, as well as
Tbk, pinjaman dalam negeri serta pinjaman dari luar negeri. from on-shore and off-shore loans.
Salah satu sumber pendanaan Perseroan berasal dari One of the Company’s sources of funding is from joint
skema pembiayaan bersama dengan PT Bank Danamon financing scheme with PT Bank Danamon Indonesia Tbk,
Indonesia Tbk, dengan tingkat bunga tetap dan jangka waktu with fixed interest rate and matching period with the
yang sama dengan piutang pembiayaan konsumen dan consumer financing receivable and murabahah financing
piutang pembiayaan murabahah. receivable.
Pinjaman dalam negeri sebagian besar dilakukan dalam Most of on-shore loans are in the form of bonds and
bentuk obligasi dan sukuk mudharabah dengan tingkat suku mudharabah bonds with fixed interest rate/revenue sharing.
bunga/bagi hasil yang tetap. Di samping itu, Perseroan juga In addition, the Company also acquires direct loans from
mendapat pinjaman secara langsung dari bank dalam domestic banks.
negeri.
Perseroan memiliki pinjaman luar negeri dalam mata uang The Company has off-shore loans in foreign currency and the
asing, dalam hal ini Perseroan sudah melakukan antisipasi Company has already anticipated the currency risk by
terhadap risiko nilai tukar, dengan telah menetapkan implementing hedging policy for loans in foreign currency.
kebijakan lindung nilai untuk pinjaman yang diterima dalam
mata uang asing.
Perseroan memiliki liabilitas keuangan dalam mata uang The Company has financial liabilities denominated in foreign
asing berupa pinjaman yang diterima sebesar currency for borrowings amounting to USD207,834,528 and
USD207.834.528 dan JPY5.653.380.000 (nilai penuh) atau JPY5,653,380,000 (full amount) or equivalent to
setara dengan Rp4.067.726 pada tanggal 31 Desember Rp4,067,726 as of 31 December 2025, and amounted to
2025, dan sebesar USD268.619.040 dan USD268,619,040 and JPY10,320,084,000 (full amount) or
JPY10.320.084.000 (nilai penuh) atau setara dengan equivalent to Rp5,387,614 as of 31 December 2024 which
Rp5.387.614 pada tanggal 31 Desember 2024 yang telah was hedged by derivative instruments such as cross
dilindung nilai melalui instrument derivative seperti kontrak currency and interest rate swap contracts (see Notes 11, 17
cross currency and interest rate swap (lihat Catatan 11, 17, and 43).
dan 43).
* Tidak diaudit *Unaudited
117
620 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 623
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
40. MANAJEMEN RISIKO KEUANGAN (lanjutan) 40. FINANCIAL RISK MANAGEMENT (continued)
Risiko pasar (lanjutan) Market risk (continued)
Dengan pola aktivitas usaha yang dijalankan Perseroan saat With the pattern of business activity currently operated by the
ini, risiko pasar Perseroan adalah minimal. Perseroan tidak Company, the market risk of the Company is minimal. The
mempunyai kegiatan usaha pembiayaan konsumen dalam Company does not have consumer financing transaction in
mata uang asing. foreign currency.
Tabel berikut menggambarkan rincian aset dan liabilitas The following table summarises the Company’s financial
keuangan Perseroan yang terdampak perubahan tingkat assets and liabilities that are affected by changes in interest
suku bunga dan dikelompokkan menurut mana yang lebih rates and categorised by the earlier of repricing or installment
awal antara tanggal repricing atau tanggal jatuh tempo due dates to see the impact of changes in interest rates:
angsuran untuk melihat dampak perubahan tingkat suku
bunga:
2025 -
Tingkat bunga mengambang/ Tingkat bunga tetap/
Floating rate - Fixed rate -
< 3 bulan/ 3-36 bulan/ < 3 bulan/ 3-12 bulan/ 1-2 tahun/ > 2 tahun/ Jumlah/
months - months - months - months - years - years - Total -
Aset keuangan Financial assets
Kas di bank 743.038 - - - - - 743.038 Cash in banks
Piutang pembiayaan Consumer financing
konsumen - neto - - 4.066.602 9.111.878 7.397.665 5.177.428 25.753.573 receivables - net
Piutang pembiayaan Murabahah financing
murabahah - neto - - 794.066 1.751.846 1.589.756 1.399.721 5.535.389 receivables - net
Piutang pembiayaan Musyarakah mutanaqisah
musyarakah financing receivables
mutanaqisah - neto - - 223.406 387.001 107.395 25.677 743.479 - net
Piutang sewa Finance leases
pembiayaan - neto - - 694.199 1.156.838 808.048 452.702 3.111.787 receivables - net
743.038 - 5.778.273 12.407.563 9.902.864 7.055.528 35.887.266
Liabilitas keuangan Financial liabilities
Pinjaman yang diterima 571.631 2.894.010 2.628.086 3.522.656 264.129 4.454 9.884.966 Borrowings
Sukuk mudharabah - - - 995.689 137.005 511.156 1.643.850 Mudharabah bonds
Utang obligasi - - 996.656 2.415.136 1.454.208 3.730.025 8.596.025 Bonds payable
571.631 2.894.010 3.624.742 6.933.481 1.855.342 4.245.635 20.124.841
Dampak dari derivatif
untuk tujuan manajemen Effect of derivative held
risiko (571.631) (2.894.010) 571.631 1.643.385 1.083.875 166.750 - for risk management
743.038
- -- 1.581.900
- 3.830.697
- 6.963.647
- 2.643.143
- 15.762.425
-
* Tidak diaudit *Unaudited
118
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 621
Page 624
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
40. MANAJEMEN RISIKO KEUANGAN (lanjutan) 40. FINANCIAL RISK MANAGEMENT (continued)
Risiko pasar (lanjutan) Market risk (continued)
Tabel berikut menggambarkan rincian aset dan liabilitas The following table summarises the Company’s financial
keuangan Perseroan yang terdampak perubahan tingkat assets and liabilities that are affected by changes in interest
suku bunga dan dikelompokkan menurut mana yang lebih rates and categorised by the earlier of repricing or installment
awal antara tanggal repricing atau tanggal jatuh tempo due dates to see the impact of changes in interest rates:
angsuran untuk melihat dampak perubahan tingkat suku (continued)
bunga: (lanjutan)
2024
Disajikan Kembali/Restated *) -
Tingkat bunga mengambang/ Tingkat bunga tetap/
Floating rate - Fixed rate 1
< 3 bulan/ 3-36 bulan/ < 3 bulan/ 3-12 bulan/ 1-2 tahun/ > 2 tahun/ Jumlah/
months - months - months - months - years - years - Total -
Aset keuangan Financial assets
Kas di bank 1.807.205 - - - - - 1.807.205 Cash in banks
Piutang pembiayaan Consumer financing
konsumen - neto - - 3.070.426 7.633.401 7.633.177 5.584.632 23.921.636 receivables - net
Piutang pembiayaan Murabahah financing
murabahah - neto - - 752.139 1.964.129 2.082.934 1.719.482 6.518.684 receivables - net
Piutang pembiayaan Musyarakah mutanaqisah
musyarakah financing receivables
mutanaqisah - neto - - 24.528 481.896 521.901 123.083 1.151.408 - net
Piutang sewa Finance leases
pembiayaan - neto - - 444.001 828.866 667.531 295.001 2.235.399 receivables - net
1.807.205 - 4.291.094 10.908.292 10.905.543 7.722.198 35.634.332
Liabilitas keuangan Financial liabilities
Pinjaman yang diterima 435.469 3.887.506 2.304.613 4.014.181 1.851.086 145.367 12.638.222 Borrowings
Sukuk mudharabah - - 49.000 535.480 389.730 254.120 1.228.330 Mudharabah bonds
Utang obligasi - - 829.787 1.861.220 793.583 2.893.240 6.377.830 Bonds payable
435.469 3.887.506 3.183.400 6.410.881 3.034.399 3.292.727 20.244.382
Dampak dari derivatif
untuk tujuan manajemen Effect of derivative held
risiko (435.469) (3.887.506) 435.469 1.306.406 1.695.875 885.225 - for risk management
1.807.205
- -- 672.225
- 3.191.005
- 6.175.269
- 3.544.246
- 15.389.950
-
Analisis sensitivitas Sensitivity analysis
Manajemen risiko tingkat suku bunga terhadap limit The management of interest rate risk against interest rate
perubahan tingkat suku bunga dilengkapi dengan gap limits is supplemented by monitoring the sensitivity of the
pemantauan atas sensitivitas aset dan liabilitas keuangan Company’s financial assets and liabilities to various standard
Perseroan terhadap beberapa skenario suku bunga baku and non-standard interest rate scenarios. Standard
maupun non-baku. Skenario baku yang dilakukan setiap scenarios that are considered on a monthly basis include
bulan mencakup analisis kenaikan atau penurunan kurva a 100 basis point (bp) parallel rise or fall in all yield curves.
imbal hasil sebesar 100 basis poin (bp).
Tabel berikut menunjukkan sensitivitas atas kemungkinan The following table demonstrates the sensitivity to
perubahan tingkat suku bunga pasar, dengan variabel lain a reasonably possible change in market interest rates, with
dianggap konstan, terhadap pendapatan pembiayaan neto: all other variables held constant, of the net financing income:
2024
Disajikan kembali/
2025 - Restated *) -
Kenaikan suku bunga dalam 100 basis poin 343.786 344.378 Increase in interest rate in 100 basis point
Penurunan suku bunga dalam 100 basis poin (343.786) (344.378) Decrease in interest rate in 100 basis point
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
119
622 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 625
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
40. MANAJEMEN RISIKO KEUANGAN (lanjutan) 40. FINANCIAL RISK MANAGEMENT (continued)
Risiko pasar (lanjutan) Market risk (continued)
Tabel berikut menunjukkan sensitivitas atas kemungkinan The following table demonstrates the sensitivity to
perubahan tingkat suku bunga pasar, dengan variabel lain a reasonably possible change in market interest rates, with
dianggap konstan, terhadap beban bunga dan keuangan: all other variables held constant, of the interest expense and
financing charges:
2024
Disajikan kembali/
2025 - Restated *) -
Kenaikan suku bunga dalam 100 basis poin 159.596 178.599 Increase in interest rate in 100 basis point
Penurunan suku bunga dalam 100 basis poin (159.596) (178.599) Decrease in interest rate in 100 basis point
Risiko kredit Credit risk
Risiko kredit merupakan risiko utama karena Perseroan Credit risk is a major risk because the Company is engaged
bergerak dalam bidang pembiayaan konsumen, dimana in the consumer financing activity, in which the Company
Perseroan menawarkan kredit kepada masyarakat yang offers credit to public who would like to own motor vehicle,
hendak memiliki kendaraan bermotor, barang durable, durable goods, and heavy equipment. Directly, the Company
maupun alat berat. Secara langsung, Perseroan menghadapi faces risks when consumers are not able to fulfill their
risiko seandainya konsumen tidak mampu memenuhi obligations in paying off loans already agreed upon in the
kewajibannya dalam melunasi kredit sesuai dengan contract between consumers and the Company.
perjanjian yang telah disepakati antara konsumen dengan
Perseroan.
Perseroan secara berkala melakukan identifikasi dan The Company periodically performs the identification and risk
pengukuran risiko kredit berdasarkan indikator-indikator yang measurement of credit risk based on the indicators relevant
relevan terhadap Perseroan serta selalu mengembangkan to the Company and continuously develops indicators of
indikator pengukuran risiko kredit sehingga risiko kredit dapat measuring credit risk to ensure that credit risk can be
terukur lebih tajam dan akurat. Perseroan juga senantiasa measured in a more sharp and accurate manner. The
memantau penerapan kebijakan kredit yang berlaku dan Company monitors the implementation of credit policies and
melakukan perubahan-perubahan yang diperlukan, sesuai performs adjustments as needed, in accordance with current
dengan kondisi yang sekarang dan akan dihadapi oleh and future conditions to be faced by the Company. The
Perseroan. Perseroan telah memiliki kebijakan dalam Company has a policy in encountering credit risk, namely
menghadapi risiko kredit, yakni dimulai dari proses awal starting from the initial receipt of credit application which is
penerimaan aplikasi kredit yang selektif dan ditangani handled with prudent principles, then going through survey
dengan prinsip kehati-hatian, yang mana aplikasi kredit akan and credit analysis processes by the Credit Committee.
melalui proses survei dan analisa kredit oleh Komite Kredit.
Perseroan juga menerapkan Pedoman Penerapan Prinsip The Company also implements the Manual for
Mengenal Nasabah yang diatur oleh POJK Implementation of Know Your Customer Principles as
No. 8 Tahun 2023 tentang Penerapan Program Anti regulated in POJK No. 8 Year 2023 about Implementation of
Pencucian Uang, Pencegahan Pendanaan Terorisme dan Anti Money Laundering, Counter Terrorism Financing
Pencegahan Pendanaan Proliferasi Senjata Pemusnah Program and Counter-Proliferation Financing of Weapons of
Massal di Sektor Jasa Keuangan dan SEOJK Mass Destruction in Financial Services Sector, and SEOJK
No. 37/SEOJK.05/2017 tentang Pedoman Penerapan No. 37/SEOJK.05/2017 about Guidelines for Implementation
Program Anti Pencucian Uang dan Pencegahan Pendanaan of Anti Money Laundering and Counter Terrorism Financing
Terorisme di Sektor Industri Keuangan Non Bank. Program in the Non Bank Financial Industry Sector.
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
120
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 623
Page 626
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
40. MANAJEMEN RISIKO KEUANGAN (lanjutan) 40. FINANCIAL RISK MANAGEMENT (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Untuk setiap kategori aset keuangan, Perseroan harus For each financial asset category, the Company should
mengungkapkan eksposur maksimum terhadap risiko kredit disclose maximum exposure to credit risk and concentration
dan analisa konsentrasi risiko kredit. of credit risk analysis.
i. Eksposur maksimum terhadap risiko kredit i. Maximum exposure to credit risk
Eksposur Perseroan terhadap risiko kredit terutama The Company’s exposure to credit risk mainly comes
berasal dari piutang pembiayaan konsumen, piutang from the consumer financing receivables, murabahah
pembiayaan murabahah, piutang pembiayaan MMQ dan financing receivables, MMQ financing receivables and
piutang sewa pembiayaan, dimana eksposur maksimum finance lease receivables, of which the maximum
terhadap risiko kredit sama dengan nilai tercatat. exposure to credit risk equals to the carrying amounts.
ii. Analisis konsentrasi risiko kredit ii. Concentration of credit risk analysis
Konsentrasi risiko kredit timbul ketika sejumlah konsumen Concentrations of credit risk arise when a number of
bergerak dalam aktivitas usaha yang sama atau consumers are engaged in similar business activities or
melakukan aktivitas dalam wilayah geografis yang sama, activities within the same geographic region, or when
atau ketika mereka memiliki karakteristik yang sejenis they have similar characteristics that would cause their
yang akan menyebabkan kemampuan untuk memenuhi ability to meet contractual obligations to be similarly
kewajiban kontraktualnya sama-sama dipengaruhi oleh affected by changes in economic or other conditions.
perubahan kondisi ekonomi atau yang lainnya.
Perseroan bergerak di bidang usaha pembiayaan The Company is currently engaged in consumer
konsumen yang pelanggannya kebanyakan adalah financing business which the consumers are mainly
individu dan tidak terkonsentrasi pada wilayah geografis individuals and they are not concentrated in any specific
tertentu. geographic region.
Tabel berikut menggambarkan jumlah risiko kredit dan The following table sets out the total credit risk and risk
konsentrasi risiko atas piutang pembiayaan konsumen, concentration of consumer financing receivables, murabahah
piutang pembiayaan murabahah, piutang pembiayaan MMQ financing receivables, MMQ financing receivables and
dan piutang sewa pembiayaan yang dimiliki Perseroan: finance lease receivables of the Company:
2024
Disajikan kembali/
2025 - Restated *) -
Piutang pembiayaan konsumen - neto Consumer financing receivables - net
Korporasi 1.118.064 756.105 Corporate
Ritel 24.635.509 23.165.531 Retail
25.753.573
- 23.921.636
-
Piutang pembiayaan murabahah - neto Murabahah financing receivables - net
Korporasi 193.286 191.123 Corporate
Ritel 5.342.103 6.327.561 Retail
5.535.389
- 6.518.684
-
Piutang pembiayaan musyarakah Musyarakah mutanaqisah financing
mutanaqisah - neto receivables - net
Korporasi - - Corporate
Ritel 743.479 1.151.408 Retail
743.479
- 1.151.408
-
Piutang sewa pembiayaan - neto Finance leases receivables - net
Korporasi 1.399.219 1.199.998 Corporate
Ritel 1.712.568 1.035.401 Retail
3.111.787
- 2.235.399
-
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
121
624 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 627
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
40. MANAJEMEN RISIKO KEUANGAN (lanjutan) 40. FINANCIAL RISK MANAGEMENT (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Tabel di bawah ini menyajikan aset keuangan pada tanggal The following table presents the financial assets as of
31 Desember 2025 dan 2024 berdasarkan staging dan 31 December 2025 and 2024 based on staging and risk rate:
tingkat risiko:
2025 -
Tahap 1/ Tahap 2/ Tahap 3/ Non-graded/ Jumlah/
Stage 1 - Stage 2- Stage 3 - Non-graded
- Total -
Kas di bank Cash in banks
Grade 1-22: Risiko yang dapat
diterima 743.038 - - - 743.038 Grade 1-22: Acceptable risk
Piutang pembiayaan konsumen Consumer financing receivables
Grade 1-22: Risiko yang dapat
diterima 23.508.685 37.063 - - 23.545.748 Grade 1-22: Acceptable risk
Grade 23-25: Risiko tinggi 2.470.323 564.470 - - 3.034.793 Grade 23-25: High risk
Grade 26-28: Pembiayaan Grade 26-28: Non-performing
bermasalah - - 562.290 - 562.290 financing
25.979.008 601.533 562.290 - 27.142.831
Cadangan kerugian penurunan nilai (810.574) (133.364) (445.320) - (1.389.258) Allowance of impairment loss
Nilai tercatat - bersih 25.168.434 468.169 116.970 - 25.753.573 Carrying amount - net
Piutang sewa pembiayaan Finance leases receivables
Konvensional Conventional
Grade 1-22: Risiko yang dapat
diterima 1.397.274 15.495 - - 1.412.769 Grade 1-22: Acceptable risk
Grade 23-25: Risiko tinggi 359.923 14.590 - - 374.513 Grade 23-25: High risk
Grade 26-28: Pembiayaan Grade 26-28: Non-performing
bermasalah - - 15.061 - 15.061 financing
financing
1.757.197 30.085 15.061 - 1.802.343
Cadangan kerugian penurunan nilai (53.407) (2.833) (11.638) - (67.878) Allowance of impairment loss
1.703.790 27.252 3.423 - 1.734.465
Syariah - - - 1.377.322 1.377.322 Sharia
Nilai tercatat - bersih 1.703.790 27.252 3.423 1.377.322 3.111.787 Carrying amount - net
Aset derivatif Derivative assets
Grade 1-22: Risiko yang dapat
diterima 60.396 - - - 60.396 Grade 1-22: Acceptable risk
Aset keuangan tanpa peringkat: Non-graded financial assets:
Piutang klaim asuransi - - - 10.436 10.436 Insurance claim receivables
Piutang komisi asuransi - - - 48.299 48.299 Insurance commission receivables
Piutang karyawan - - - 90.224 90.224 Employee receivables
27.675.658 495.421 120.393 1.526.281 29.817.753
- - - - -
* Tidak diaudit *Unaudited
122
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 625
Page 628
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
40. MANAJEMEN RISIKO KEUANGAN (lanjutan) 40. FINANCIAL RISK MANAGEMENT (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Tabel di bawah ini menyajikan aset keuangan pada tanggal The following table presents the financial assets as of
31 Desember 2025 dan 2024 berdasarkan staging dan 31 December 2025 and 2024 based on staging and risk rate:
tingkat risiko: (lanjutan) (continued)
2024
Disajikan kembali/Restated *) -
Tahap 1/ Tahap 2/ Tahap 3/ Non-graded/ Jumlah/
Stage 1 - Stage 2- Stage 3 - Non-graded
- Total -
Kas di bank Cash in banks
Grade 1-22: Risiko yang dapat
diterima 1.807.205 - - - 1.807.205 Grade 1-22: Acceptable risk
Piutang pembiayaan konsumen Consumer financing receivables
Grade 1-22: Risiko yang dapat
diterima 21.271.440 17.256 - - 21.288.696 Grade 1-22: Acceptable risk
Grade 23-25: Risiko tinggi 2.731.636 755.418 - - 3.487.054 Grade 23-25: High risk
Grade 26-28: Pembiayaan Grade 26-28: Non-performing
bermasalah - - 604.764 - 604.764 financing
financing
24.003.076 772.674 604.764 - 25.380.514
Cadangan kerugian penurunan nilai (820.715) (183.352) (454.811) - (1.458.878) Allowance of impairment loss
Nilai tercatat - bersih 23.182.361 589.322 149.953 - 23.921.636 Carrying amount - net
Piutang sewa pembiayaan Finance leases receivables
Konvensional Conventional
Grade 1-22: Risiko yang dapat
diterima 1.300.960 782 - - 1.301.742 Grade 1-22: Acceptable risk
Grade 23-25: Risiko tinggi 217.851 22.224 - - 240.075 Grade 23-25: High risk
Grade 26-28: Pembiayaan Grade 26-28: Non-performing
bermasalah - - 7.334 - 7.334 financing
financing
1.518.811 23.006 7.334 - 1.549.151
Cadangan kerugian penurunan nilai (32.023) (4.833) (5.388) - (42.244) Allowance of impairment loss
1.486.788 18.173 1.946 - 1.506.907
Syariah - - - 728.492 728.492 Sharia
Nilai tercatat - bersih 1.486.788 18.173 1.946 728.492 2.235.399 Carrying amount - net
Aset derivatif Derivative assets
Grade 1-22: Risiko yang dapat
diterima 71.069 - - - 71.069 Grade 1-22: Acceptable risk
Aset keuangan tanpa peringkat: Non-graded financial assets:
Piutang klaim asuransi - - - 12.865 12.865 Insurance claim receivables
Piutang komisi asuransi - - - 42.063 42.063 Insurance commission receivables
Piutang karyawan - - - 105.616 105.616 Employee receivables
26.547.423
- 607.495
- 151.899
- 889.036
- 28.195.853
-
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
123
626 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 629
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
40. MANAJEMEN RISIKO KEUANGAN (lanjutan) 40. FINANCIAL RISK MANAGEMENT (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Pada tanggal 31 Desember 2025 dan 2024, rincian kualitas As of 31 December 2025 and 2024, the quality of murabahah
piutang pembiayaan murabahah berdasarkan evaluasi financing receivable based on impairment assessment under
penurunan nilai PSAK 239 sebagai berikut: SFAS 239 as follows:
2025 -
Belum jatuh Jatuh tempo
tempo dan tidak tetapi tidak
mengalami mengalami
penurunan nilai/ penurunan nilai/ Mengalami
Neither past due Past due but penurunan nilai/ Jumlah/
nor impaired - non-impaired - Impaired - Total -
Piutang pembiayaan murabahah Murabahah financing receivables
Motor baru 2.099.116 518.764 67.764 2.685.644 New motorcycles
Motor bekas 68.426 22.152 2.588 93.166 Used motorcycles
Mobil baru 2.092.392 275.478 15.387 2.383.257 New cars
Mobil bekas 618.680 137.802 7.607 764.089 Used cars
Lainnya 3.499 948 369 4.816 Others
4.882.113 955.144 93.715 5.930.972
Cadangan kerugian penurunan nilai (287.219) (82.905) (25.459) (395.583) Allowance for impairment losses
4.882.113
1 955.144
1 93.715
1 5.535.389
-
2024
Disajikan kembali/Restated *) -
Belum jatuh Jatuh tempo
tempo dan tidak tetapi tidak
mengalami mengalami
penurunan nilai/ penurunan nilai/ Mengalami
Neither past due Past due but penurunan nilai/ Jumlah/
nor impaired - non-impaired - Impaired - Total -
Piutang pembiayaan murabahah Murabahah financing receivables
Motor baru 2.876.962 621.140 81.173 3.579.275 New motorcycles
Motor bekas 86.097 33.782 4.216 124.095 Used motorcycles
Mobil baru 2.044.965 409.005 31.578 2.485.548 New cars
Mobil bekas 525.332 160.645 10.193 696.170 Used cars
Lainnya 23.375 10.007 3.270 36.652 Others
5.556.731 1.234.579 130.430 6.921.740
Cadangan kerugian penurunan nilai (277.944) (87.230) (37.882) (403.056) Allowance for impairment losses
5.556.731 1.234.579
1 130.430
1 6.518.684
-
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
124
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 627
Page 630
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
40. MANAJEMEN RISIKO KEUANGAN (lanjutan) 40. FINANCIAL RISK MANAGEMENT (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Pada tanggal 31 Desember 2025 dan 2024, rincian kualitas As of 31 December 2025 and 2024, the quality of
piutang pembiayaan musyarakah mutanaqisah atas obyek musyarakah mutanaqisah financing receivable for
pembiayaan multiguna berdasarkan evaluasi penurunan nilai multipurpose financing object based on impairment
PSAK 239 sebagai berikut: assessment under SFAS 239 as follows:
2024
Disajikan kembali/
2025 - Restated *) -
Piutang pembiayaan musyarakah mutanaqisah Musyarakah mutanaqisah financing receivable
Belum jatuh tempo dan
tidak mengalami penurunan nilai 665.508 1.025.386 Neither past due nor impaired
Jatuh tempo tetapi tidak
mengalami penurunan nilai 126.789 150.928 Past due but non-impaired
Mengalami penurunan nilai 33.445 32.301 Impaired
825.742 1.208.615
Cadangan kerugian penurunan nilai (82.263) (57.207) Allowance for impairment losses
743.479
- 1.151.408
-
Sebagai jaminan atas piutang pembiayaan yang diberikan As collateral to the financing receivables of motor vehicles,
untuk kendaraan bermotor, Perseroan menerima jaminan the Company receives the Certificates of Ownership
dari konsumen berupa Bukti Pemilikan Kendaraan Bermotor (“BPKB”) of the motor vehicles financed by the Company.
(“BPKB”) atas kendaraan bermotor yang dibiayai Perseroan.
Analisa umur piutang pembiayaan konsumen dan piutang An aging analysis of consumer financing receivables and
sewa pembiayaan yang telah jatuh tempo pada tahap 1 dan finance leases receivables that are past due on stage 1 and
2 pada tanggal 31 Desember 2025 dan 2024 sebagai berikut: 2 as of 31 December 2025 and 2024 are set out below:
2025
Motor baru/ Motor bekas/
New Used Mobil baru/ Mobil bekas/ Lainnya/
motorcycles
- motorcycles
- New cars- Used cars- Others - Jumlah/Total
-
Piutang pembiayaan Consumer financing
konsumen receivables
1-30 hari 1.139.231 129.470 692.419 312.463 822.942 3.096.525 1-30 days
31-60 hari 161.742 10.049 41.471 20.009 77.096 310.367 31-60 days
61-90 hari 101.006 5.901 30.653 11.647 43.857 193.064 61-90 days
1.401.979
1 145.420
1 764.543
1 344.119
1 943.895
1 3.599.956
1
Piutang sewa Finance lease
pembiayaan (konvensional) receivables (conventional)
1-30 hari 48 - 8.567 1.474 86.375 96.464 1-30 days
31-60 hari - - 70 - 6.424 6.494 31-60 days
61-90 hari - - 105 - 1.761 1.866 61-90 days
-48 - - 8.742
- 1.474
- 94.560
- 104.824
-
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
125
628 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 631
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
40. MANAJEMEN RISIKO KEUANGAN (lanjutan) 40. FINANCIAL RISK MANAGEMENT (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Analisa umur piutang pembiayaan konsumen dan piutang An aging analysis of consumer financing receivables and
sewa pembiayaan yang telah jatuh tempo pada tahap 1 dan finance leases receivables that are past due on stage 1 and
2 pada tanggal 31 Desember 2025 dan 2024 sebagai berikut: 2 as of 31 December 2025 and 2024 are set out below:
(lanjutan) (continued)
2024
Disajikan kembali/Restated *)
Motor baru/ Motor bekas/
New Used Mobil baru/ Mobil bekas/ Lainnya/
motorcycles
- motorcycles
- New cars- Used cars- Others - Jumlah/Total
-
Piutang pembiayaan Consumer financing
konsumen receivables
1-30 hari 1.535.185 179.670 935.017 448.576 858.986 3.957.434 1-30 days
31-60 hari 174.828 17.560 48.622 29.609 90.815 361.434 31-60 days
61-90 hari 117.887 11.585 48.336 19.731 51.819 249.358 61-90 days
1.827.900
- 208.815
- 1.031.975
- 497.916
- 1.001.620
- 4.568.226
-
Piutang sewa Finance lease
pembiayaan (konvensional) receivables (conventional)
1-30 hari 31 - 24.090 337 85.985 110.443 1-30 days
31-60 hari - - 5.257 117 2.570 7.944 31-60 days
61-90 hari - - - - 9.661 9.661 61-90 days
-31 - - 29.347
- 454
- 98.216
- 128.048
-
Analisa umur piutang pembiayaan murabahah yang telah An aging analysis of murabahah financing receivables that
jatuh tempo tetapi tidak mengalami penurunan nilai pada are past due but not impaired of 31 December 2025 and
tanggal 31 Desember 2025 dan 2024 adalah sebagai berikut: 2024 are set out below:
2025
Motor baru/ Motor bekas/
New Used Mobil baru/ Mobil bekas/ Lainnya/
motorcycles
- motorcycles
- New cars- Used cars- Others - Jumlah/Total
-
Piutang pembiayaan Murabahah financing
murabahah receivables
1-30 hari 411.415 18.170 252.304 125.263 549 807.701 1-30 days
31-60 hari 68.595 2.695 14.456 7.611 230 93.587 31-60 days
61-90 hari 38.754 1.287 8.718 4.928 169 53.856 61-90 days
518.764
- 22.152
- 275.478
- 137.802
- 948
- 955.144
-
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
126
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 629
Page 632
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
40. MANAJEMEN RISIKO KEUANGAN (lanjutan) 40. FINANCIAL RISK MANAGEMENT (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Analisa umur piutang pembiayaan murabahah yang telah An aging analysis of murabahah financing receivables that
jatuh tempo tetapi tidak mengalami penurunan nilai pada are past due but not impaired of 31 December 2025 and
tanggal 31 Desember 2025 dan 2024 adalah sebagai berikut: 2024 are set out below: (continued)
(lanjutan)
2024
Disajikan kembali/Restated *)
Motor baru/ Motor bekas/
New Used Mobil baru/ Mobil bekas/ Lainnya/
motorcycles
- motorcycles
- New cars- Used cars- Others - Jumlah/Total
-
Piutang pembiayaan Murabahah financing
murabahah receivables
1-30 hari 512.368 28.821 370.345 146.760 7.617 1.065.911 1-30 days
31-60 hari 63.950 2.984 22.132 8.401 1.164 98.631 31-60 days
61-90 hari 44.822 1.977 16.528 5.484 1.226 70.037 61-90 days
621.140
- 33.782
- 409.005
- 160.645
- 10.007
- 1.234.579
-
Analisa umur piutang pembiayaan musyarakah mutanaqisah An aging analysis of musyarakah mutanaqisah financing
atas obyek pembiayaan multiguna yang telah jatuh tempo receivables for multipurpose financing object that are past
tetapi tidak mengalami penurunan nilai pada tanggal due but not impaired of 31 December 2025 and 2024 are set
31 Desember 2025 dan 2024 adalah sebagai berikut: out below:
2024
Disajikan kembali/
2025 - Restated *) -
Piutang pembiayaan Musyarakah mutanaqisah financing
musyarakah mutanaqisah receivables
1-30 hari 80.121 94.413 1-30 days
30-60 hari 30.930 37.053 30-60 days
61-90 hari 15.738 19.462 61-90 days
126.789
- 150.928
-
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
127
630 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 633
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
40. MANAJEMEN RISIKO KEUANGAN (lanjutan) 40. FINANCIAL RISK MANAGEMENT (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Tabel berikut menunjukkan perubahan nilai tercatat bruto The following tables show movement of the gross carrying
piutang pembiayaan konsumen dan piutang sewa amount of consumer financing receivables and finance lease
pembiayaan sebelum dikurangi cadangan kerugian receivables before deducted allowance for impairment
penurunan nilai selama tahun berjalan dan tahun losses during the year and prior year:
sebelumnya:
2025 -
Tahap 1/ Tahap 2/ Tahap 3/ Syariah/ Jumlah/
Stage 1 - Stage 2- Stage 3 - Sharia - Total -
Piutang pembiayaan konsumen
Saldo awal 24.003.076 772.674 604.764 - 25.380.514 Beginning balance
Pergerakan antar tahap: Interstage movement:
- Pindah ke tahap 1 1.100.717 (971.106) (129.611) - - -Transfer to Stage 1
- Pindah ke tahap 2 (2.697.220) 2.776.591 (79.371) - - -Transfer to Stage 2
- Pindah ke tahap 3 (506.543) (1.763.707) 2.270.250 - - -Transfer to Stage 3
Aset keuangan yang telah dilunasi, Financial assets that have been repaid,
perubahan pada biaya transaksi changes in transaction cost
dan piutang bunga pembiayaan (15.535.053) (219.481) (292.107) - (16.046.641) and accrued interest
Aset keuangan yang baru diperoleh New financial assets originated
atau dibeli 19.720.605 33.628 21.758 - 19.775.991 or purchased
Penghapusan (106.574) (27.066) (1.833.393) - (1.967.033) Write-offs
25.979.008 601.533 562.290 Ending Balance
Saldo akhir - - - - - 27.142.831
-
Piutang sewa pembiayaan Finance lease receivables
Saldo awal 1.518.811 23.006 7.334 760.702 2.309.853 Beginning balance
Pergerakan antar tahap: Interstage movement:
- Pindah ke tahap 1 37.188 (32.229) (4.959) - - -Transfer to Stage 1
- Pindah ke tahap 2 (83.100) 93.184 (10.084) - - -Transfer to Stage 2
- Pindah ke tahap 3 (10.273) (48.438) 58.711 - - -Transfer to Stage 3
Aset keuangan yang telah dilunasi, Financial assets that have been repaid,
perubahan pada biaya transaksi changes in transaction cost
dan piutang bunga pembiayaan (1.487.363) (5.429) (12.610) - (1.505.402) and accrued interest
Aset keuangan yang baru diperoleh New financial assets originated
atau dibeli 1.782.569 203 - - 1.782.772 or purchased
Penghapusan (635) (212) (23.331) - (24.178) Write-offs
Syariah - - - 666.453 666.453 Sharia
Saldo akhir 1.757.197 30.085 15.061 1.427.155 3.229.498 Ending Balance
- - - - -
* Tidak diaudit *Unaudited
128
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 631
Page 634
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
40. MANAJEMEN RISIKO KEUANGAN (lanjutan) 40. FINANCIAL RISK MANAGEMENT (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Tabel berikut menunjukkan perubahan nilai tercatat bruto The following tables show movement of the gross carrying
piutang pembiayaan konsumen dan piutang sewa amount of consumer financing receivables and finance lease
pembiayaan sebelum dikurangi cadangan kerugian receivables before deducted allowance for impairment
penurunan nilai selama tahun berjalan dan tahun losses during the year and prior year: (continued)
sebelumnya: (lanjutan)
2024
Disajikan kembali/Restated *) -
Tahap 1/ Tahap 2/ Tahap 3/ Syariah/ Jumlah/
Stage 1 - Stage 2- Stage 3 - Sharia - Total -
Piutang pembiayaan konsumen Consumer financing receivables
Saldo awal 20.806.901 654.848 489.470 - 21.951.219 Beginning balance
Pergerakan antar tahap: Interstage movement:
- Pindah ke tahap 1 1.094.934 (965.692) (129.242) - - -Transfer to Stage 1
- Pindah ke tahap 2 (3.072.261) 3.150.667 (78.406) - - -Transfer to Stage 2
- Pindah ke tahap 3 (626.874) (1.986.515) 2.613.389 - - -Transfer to Stage 3
Aset keuangan yang telah dilunasi, Financial assets that have been repaid,
perubahan pada biaya transaksi changes in transaction cost
dan piutang bunga pembiayaan (13.795.752) (196.844) (582.500) - (14.575.096) and accrued interest
Aset keuangan yang baru diperoleh 17.242.284 - - - 17.242.284 New financial assets originated
Penghapusan (131.425) (31.703) (1.815.982) - (1.979.110) Write-offs
Efek merging entity 2.485.269 147.913 108.035 - 2.741.217 Merging entity effect
Saldo akhir 24.003.076
- 772.674
- 604.764
- - - 25.380.514
- Ending Balance
Piutang sewa pembiayaan Finance lease receivables
Saldo awal 1.234.039 25.183 4.141 241.707 1.505.070 Beginning balance
Pergerakan antar tahap: Interstage movement:
- Pindah ke tahap 1 56.263 (52.284) (3.979) - - -Transfer to Stage 1
- Pindah ke tahap 2 (96.624) 100.007 (3.383) - - -Transfer to Stage 2
- Pindah ke tahap 3 (9.798) (47.779) 57.577 - - -Transfer to Stage 3
Aset keuangan yang telah dilunasi, Financial assets that have been repaid,
perubahan pada biaya transaksi changes in transaction cost
dan piutang bunga pembiayaan (963.277) (1.966) (19.988) - (985.231) and accrued interest
Aset keuangan yang baru diperoleh 1.298.728 - - - 1.298.728 New financial assets originated
Penghapusan (520) (155) (27.034) - (27.709) Write-offs
Syariah - - - 518.995 518.995 Sharia
Saldo akhir 1.518.811
- 23.006
- 7.334
- 760.702
- 2.309.853
- Ending Balance
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
129
632 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 635
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
40. MANAJEMEN RISIKO KEUANGAN (lanjutan) 40. FINANCIAL RISK MANAGEMENT (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Tabel berikut menunjukkan perubahan cadangan kerugian The following tables show movement of the allowance for
penurunan nilai piutang pembiayaan konsumen dan piutang impairment losses of consumer financing receivables and
sewa pembiayaan selama tahun berjalan dan tahun finance lease receivables during the year and prior year:
sebelumnya:
2025 -
Tahap 1/ Tahap 2/ Tahap 3/ Syariah/ Jumlah/
Stage 1 - Stage 2- Stage 3 - Sharia - Total -
Piutang pembiayaan konsumen Consumer financing receivables
Saldo awal 820.715 183.352 454.811 - 1.458.878 Beginning balance
Pergerakan antar tahap: Interstage movement:
- Pindah ke tahap 1 276.417 (190.315) (86.102) - - -Transfer to Stage 1
- Pindah ke tahap 2 (283.546) 331.559 (48.013) - - -Transfer to Stage 2
- Pindah ke tahap 3 (51.729) (438.582) 490.311 - - -Transfer to Stage 3
Aset keuangan yang Financial assets that
telah dilunasi (72.329) (36.116) (67.869) - (176.314) have been repaid
Pengukuran kembali penurunan Remeasurement of loss
nilai-bersih (601.397) 304.178 1.519.973 - 1.222.754 allowance
Perubahan parameter atau model 1.583 797 5.706 - 8.086 Change in model or parameters
Aset keuangan yang baru diperoleh 827.434 5.557 9.896 - 842.887 New financial assets originated
Penghapusan (106.574) (27.066) (1.833.393) - (1.967.033) Write-offs
Saldo akhir 810.574
- 133.364
- 445.320
- - - 1.389.258
- Ending Balance
Piutang sewa pembiayaan Finance lease receivables
Saldo awal 32.023 4.833 5.388 32.210 74.454 Beginning balance
Pergerakan antar tahap: Interstage movement:
- Pindah ke tahap 1 9.012 (5.717) (3.295) - - -Transfer to Stage 1
- Pindah ke tahap 2 (5.813) 10.393 (4.580) - - -Transfer to Stage 2
- Pindah ke tahap 3 (1.199) (9.436) 10.635 - - -Transfer to Stage 3
Aset keuangan yang Financial assets that
telah dilunasi (3.347) (3.386) (6.906) - (13.639) have been repaid
Pengukuran kembali penurunan Remeasurement of loss
nilai-bersih (30.162) 6.335 33.629 - 9.802 allowance
Perubahan parameter atau model 134 (1) 98 - 231 Change in model or parameters
Aset keuangan yang baru diperoleh 53.394 24 - - 53.418 New financial assets originated
Penghapusan (635) (212) (23.331) - (24.178) Write-offs
Syariah - - - 17.623 17.623 Sharia
Saldo akhir 53.407
- 2.833
- 11.638
- 49.833
- 117.711
- Ending Balance
* Tidak diaudit *Unaudited
130
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 633
Page 636
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
40. MANAJEMEN RISIKO KEUANGAN (lanjutan) 40. FINANCIAL RISK MANAGEMENT (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Tabel berikut menunjukkan perubahan cadangan kerugian The following tables show movement of the allowance for
penurunan nilai piutang pembiayaan konsumen dan piutang impairment losses of consumer financing receivables and
sewa pembiayaan selama tahun berjalan dan tahun finance lease receivables during the year and prior year:
sebelumnya: (lanjutan) (continued)
2024
Disajikan kembali/Restated *) -
Tahap 1/ Tahap 2/ Tahap 3/ Syariah/ Jumlah/
Stage 1 - Stage 2- Stage 3 - Sharia - Total -
Piutang pembiayaan konsumen Consumer financing receivables
Saldo awal 817.839 154.022 298.729 - 1.270.590 Beginning balance
Pergerakan antar tahap: Interstage movement:
- Pindah ke tahap 1 277.962 (202.402) (75.560) - - -Transfer to Stage 1
- Pindah ke tahap 2 (372.341) 416.676 (44.335) - - -Transfer to Stage 2
- Pindah ke tahap 3 (67.055) (551.545) 618.600 - - -Transfer to Stage 3
Aset keuangan yang Financial assets that
telah dilunasi (86.017) (81.179) (46.672) - (213.868) have been repaid
Pengukuran kembali penurunan Remeasurement of loss
nilai-bersih (513.821) 431.657 1.433.904 - 1.351.740 allowance
Perubahan parameter atau model (37.321) (6.560) 49 - (43.832) Change in model or parameters
Aset keuangan yang baru diperoleh 852.822 - - - 852.822 New financial assets originated
Penghapusan (131.425) (31.703) (1.815.982) - (1.979.110) Write-offs
Efek Entitas Merger 80.072 54.386 86.078 - 220.536 Merging Entity Effect
Saldo akhir 820.715
- 183.352
- 454.811
- - - 1.458.878
- Ending Balance
Piutang sewa pembiayaan Finance lease receivables
Saldo awal 43.915 4.641 1.931 10.283 60.770 Beginning balance
Pergerakan antar tahap: Interstage movement:
- Pindah ke tahap 1 15.652 (13.539) (2.113) - - -Transfer to Stage 1
- Pindah ke tahap 2 (6.904) 8.814 (1.910) - - -Transfer to Stage 2
- Pindah ke tahap 3 (892) (10.087) 10.979 - - -Transfer to Stage 3
Aset keuangan yang Financial assets that
telah dilunasi (3.083) (2.255) (2.476) - (7.814) have been repaid
Pengukuran kembali penurunan Remeasurement of loss
nilai-bersih (80.860) 17.690 26.034 - (37.136) allowance
Perubahan parameter atau model (3.038) (276) (23) - (3.337) Change in model or parameters
Aset keuangan yang baru diperoleh 67.753 - - - 67.753 New financial assets originated
Penghapusan (520) (155) (27.034) - (27.709) Write-offs
Syariah - - - 21.927 21.927 Sharia
Saldo akhir 32.023
- 4.833
- 5.388
- 32.210
- 74.454
- Ending Balance
Penjelasan mengenai istilah tahap 1, 2 dan 3, terdapat pada Explanation of the terms stage 1, 2, and 3 is included in Note
Catatan 2.h. 2.h.
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
131
634 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 637
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
40. MANAJEMEN RISIKO KEUANGAN (lanjutan) 40. FINANCIAL RISK MANAGEMENT (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Tabel berikut ini menyajikan perubahan cadangan kerugian The following table presents the movement of allowance for
penurunan nilai piutang pembiayaan murabahah impairment lossess of murabahah financing receivables
berdasarkan PSAK 239 untuk tahun berjalan dan tahun under SFAS 239 during the current year and prior year:
sebelumnya:
2025
Motor baru/ Motor bekas/
New Used Mobil baru/ Mobil bekas/ Lainnya/
motorcycles
- motorcycles
- New cars- Used cars- Others - Jumlah/Total
-
Piutang pembiayaan Murabahah financing
murabahah receivables
Saldo awal 235.195 7.120 134.601 19.673 6.467 403.056 Beginning balance
Penambahan 299.550 11.131 135.898 52.211 1.688 500.478 Additions
Penghapusan piutang (309.749) (14.125) (128.339) (48.467) (7.271) (507.951) Written-off receivables
224.996
- 4.126
- 142.160
- 23.417
- 884
- 395.583
-
2024
Disajikan kembali/Restated *)
Motor baru/ Motor bekas/
New Used Mobil baru/ Mobil bekas/ Lainnya/
motorcycles
- motorcycles
- New cars- Used cars- Others - Jumlah/Total
-
Piutang pembiayaan Murabahah financing
murabahah receivables
Saldo awal 144.924 12.044 110.125 17.367 7.648 292.108 Beginning balance
Penambahan 319.380 16.742 164.016 49.727 11.543 561.408 Additions
Penghapusan piutang (338.723) (21.683) (139.540) (47.421) (12.724) (560.091) Written-off receivables
Penambahan dari penggabungan
usaha 109.614 17 - - - 109.631 Additions from merger
235.195
- 7.120
- 134.601
- 19.673
- 6.467
- 403.056
-
Tabel berikut ini menyajikan perubahan cadangan kerugian The following table presents the movement of allowance for
penurunan nilai piutang pembiayaan musyarakah impairment lossess of murabahah financing receivables on
mutanaqisah atas obyek pembiayaan multiguna multipurpose financing object under SFAS 239 during the
berdasarkan PSAK 239 untuk tahun berjalan dan tahun current year and prior year:
sebelumnya:
2024
Disajikan kembali/
2025 - Restated *) -
Piutang pembiayaan Musyarakah mutanaqisah financing
musyarakah mutanaqisah receivables
Saldo awal 57.207 - Beginning balance
Penambahan 151.342 56.056 Additions
Penghapusan piutang (126.286) (36.338) Written-off receivables
Penambahan dari penggabungan usaha - 37.489 Additions from merger
82.263
- 57.207
-
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
132
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 635
Page 638
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
40. MANAJEMEN RISIKO KEUANGAN (lanjutan) 40. FINANCIAL RISK MANAGEMENT (continued)
Risiko likuiditas Liquidity risk
Risiko likuiditas merupakan risiko, yang mana Perseroan Liquidity risk is the risk, whereby the Company does not
tidak memiliki sumber keuangan yang mencukupi untuk have sufficient financial resources to discharge its matured
memenuhi kewajibannya yang telah jatuh tempo dan untuk liabilities as well as to run its business.
menjalankan usahanya.
Sumber pendanaan Perseroan berasal dari skema Sources of funding of the Company are from joint financing
pembiayaan bersama dengan PT Bank Danamon Indonesia scheme with PT Bank Danamon Indonesia Tbk; on-shore
Tbk; pinjaman dalam negeri, baik dalam bentuk pinjaman loans, in the form of direct loans as well as bonds and
secara langsung dari bank dalam negeri maupun melalui mudharabah bonds and off-shore loans.
obligasi dan sukuk mudharabah serta pinjaman luar negeri.
Selain itu, dalam pengelolaan risiko likuiditas, Perseroan Moreover, in liquidity risk management, the Company has
telah membentuk Komite Aset dan Kewajiban yang bertugas formed Asset and Liability Committee, whose
untuk memantau kondisi dan situasi yang berhubungan responsibilities are to monitor conditions and situations
dengan likuiditas perseroan serta melakukan tindakan related to Company’s liquidity as well as to perform any
mitigasi jika diperlukan. mitigation, if needed.
Selama ini, Perseroan memiliki rasio likuiditas yang sehat. So far, the Company has a healthy liquidity ratio. This could
Hal ini dapat dilihat dari solvabilitas, yakni pertumbuhan atas be seen in the Company’s solvability, i.e. the Company's
kemampuan Perseroan dalam memenuhi liabilitas jangka growing ability to discharge both short-term and long-term
pendek dan jangka panjangnya. Rasio liabilitas terhadap liabilities. The ratio of the Company’s liabilities to equity as
ekuitas Perseroan pada tanggal 31 Desember 2025 dan of 31 December 2025 and 2024 are 1.6. The ratio of liabilities
2024 sebesar 1,6. Rasio liabilitas terhadap jumlah aset pada over assets as of 31 December 2025 and 2024 are 0.6.
tanggal 31 Desember 2025 dan 2024 sebesar 0,6.
Tabel berikut menyajikan sisa umur kontraktual liabilitas The following table summarises the residual contractual
keuangan yang tidak didiskontokan Perseroan yang maturities of the Company’s undiscounted financial liabilities
menggambarkan eksposur Perseroan terhadap risiko that shows the Company’s exposure to liquidity risk as of
likuiditas pada tanggal 31 Desember 2025 dan 2024: 31 December 2025 and 2024:
2025
< 1 bulan/ 1-3 bulan/ 3-12 bulan/ 1-3 tahun/ > 3 tahun/ Jumlah/
month months months years years Total
- - - - - -
Pinjaman yang diterima 1.106.527 2.219.353 5.323.550 1.560.681 - 10.210.111 Borrowings
Sukuk mudharabah 18.089 7.579 1.059.854 653.648 60.767 1.799.937 Mudharabah bonds
Utang obligasi 82.533 1.053.665 2.766.321 4.705.589 1.061.633 9.669.741 Bonds payable
Utang kepada dealer 58.068 - - - - 58.068 Payables to dealers
Utang premi asuransi 168.176 - - - - 168.176 Insurance premium payables
Liabilitas sewa - 8.239 30.097 69.859 17.794 125.989 Lease liabilities
Liabilitas derivatif 2.671 4.498 21.070 14.842 - 43.081 Derivative liabilities
1.436.064 3.293.334 9.200.892 7.004.619 1.140.194 22.075.103
- - - - - -
* Tidak diaudit *Unaudited
133
636 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 639
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
40. MANAJEMEN RISIKO KEUANGAN (lanjutan) 40. FINANCIAL RISK MANAGEMENT (continued)
Risiko likuiditas (lanjutan) Liquidity risk (continued)
Tabel berikut menyajikan sisa umur kontraktual liabilitas The following table summarizes the residual contractual
keuangan yang tidak didiskontokan Perseroan yang maturities of the Company’s undiscounted financial liabilities
menggambarkan eksposur Perseroan terhadap risiko that shows the Company’s exposure to liquidity risk as of
likuiditas pada tanggal 31 Desember 2025 dan 2024: 31 December 2025 and 2024: (continued)
(lanjutan)
2024
Disajikan kembali/Restated *)
< 1 bulan/ 1-3 bulan/ 3-12 bulan/ 1-3 tahun/ > 3 tahun/ Jumlah/
month months months years years Total
- - - - - -
Pinjaman yang diterima 1.124.533 1.689.994 5.711.123 4.817.272 - 13.342.922 Borrowings
Sukuk mudharabah 6.489 64.220 580.938 571.052 123.771 1.346.470 Mudharabah bonds
Utang obligasi 53.088 878.111 2.101.731 2.648.594 1.555.485 7.237.009 Bonds payable
Utang kepada dealer 223.641 - - - - 223.641 Payables to dealers
Utang premi asuransi 157.932 - - - - 157.932 Insurance premium payables
Liabilitas sewa - 8.239 30.097 72.608 53.381 164.325 Lease liabilities
Liabilitas derivatif 6.433 13.127 58.680 104.352 - 182.592 Derivative liabilities
1.572.116 2.653.691 8.482.569 8.213.878 1.732.637 22.654.891
- - - - - -
Tabel berikut menggambarkan profil perbedaan jatuh tempo The following table summarises the maturity gap profile of
atas aset dan liabilitas keuangan Perseroan pada tanggal the Company’s financial assets and liabilities as of
31 Desember 2025 dan 2024: 31 December 2025 and 2024:
2025 1
Tidak memiliki
tanggal jatuh
tempo
kontraktual/
No contractual < 1 bulan/ 1-3 bulan/ 3-12 bulan/ 1-3 tahun/ > 3 tahun/ Jumlah/
maturity - month - months - months - years - years - Total -
Aset keuangan Financial assets
Kas dan setara kas - 820.916 - - - - 820.916 Cash and cash equivalents
Piutang pembiayaan Consumer financing
konsumen - bruto - 1.980.738 3.541.284 13.371.218 15.221.404 2.650.262 36.764.906 receivables - gross
Piutang pembiayaan Murabahah financing
murabahah - bruto - 395.798 729.138 2.698.938 3.397.800 645.696 7.867.370 receivables - gross
Piutang pembiayaan Musyarakah mutanaqisah
musyarakah financing receivables
mutanaqisah - bruto 79.678 149.150 500.304 266.881 47.312 1.043.325 - gross
Piutang sewa Finance lease
pembiayaan - bruto - 408.205 341.650 1.279.326 1.259.227 106.877 3.395.285 receivables - gross
Piutang karyawan - 3.515 6.659 26.552 44.290 9.208 90.224 Employee receivables
Piutang klaim asuransi - - 10.436 - - - 10.436 Insurance claim receivables
Insurance commission
Piutang komisi asuransi - 48.299 - - - - 48.299 receivables
Aset derivatif - 3.357 8.122 34.102 24.477 - 70.058 Derivative assets
Investasi dalam saham 420.717 - - - - - 420.717 Investment in shares
420.717 3.740.506 4.786.439 17.910.440 20.214.079 3.459.355 50.531.536
Liabilitas keuangan Financial liabilities
Pinjaman yang diterima - 1.106.527 2.219.353 5.323.550 1.560.681 - 10.210.111 Borrowings
Sukuk mudharabah - 18.089 7.579 1.059.854 653.648 60.767 1.799.937 Mudharabah bonds
Utang obligasi - 82.533 1.053.665 2.766.321 4.705.589 1.061.633 9.669.741 Bonds payable
Utang kepada dealer - 58.068 - - - - 58.068 Payables to dealers
Utang premi asuransi - 168.176 - - - - 168.176 Insurance premium payables
Liabilitas sewa - - 8.239 30.097 69.859 17.794 125.989 Lease liabilities
Liabilitas derivatif - 2.671 4.498 21.070 14.842 - 43.081 Derivative liabilities
- 1.436.064 3.293.334 9.200.892 7.004.619 1.140.194 22.075.103
Perbedaan jatuh tempo 420.717
- 2.304.442
- 1.493.105
- 8.709.548
- 13.209.460
- 2.319.161
- 28.456.433
- Maturity gap
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
134
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 637
Page 640
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
40. MANAJEMEN RISIKO KEUANGAN (lanjutan) 40. FINANCIAL RISK MANAGEMENT (continued)
Risiko likuiditas (lanjutan) Liquidity risk (continued)
Tabel berikut menggambarkan profil perbedaan jatuh tempo The following table summarises the maturity gap profile of
atas aset dan liabilitas keuangan Perseroan pada tanggal the Company’s financial assets and liabilities as of
31 Desember 2025 dan 2024: (lanjutan) 31 December 2025 and 2024: (continued)
2024
Disajikan kembali/Restated *) 1
Tidak memiliki
tanggal jatuh
tempo
kontraktual/
No contractual < 1 bulan/ 1-3 bulan/ 3-12 bulan/ 1-3 tahun/ > 3 tahun/ Jumlah/
maturity - month - months - months - years - years - Total -
Aset keuangan Financial assets
Kas dan setara kas - 1.959.219 - - - - 1.959.219 Cash and cash equivalents
Piutang pembiayaan Consumer financing
konsumen - bruto - 1.636.171 2.835.904 11.445.512 15.779.145 2.416.723 34.113.455 receivables - gross
Piutang pembiayaan Murabahah financing
murabahah - bruto - 401.211 715.614 2.966.633 4.189.336 733.128 9.005.922 receivables - gross
Piutang pembiayaan Musyarakah mutanaqisah
musyarakah financing receivables
mutanaqisah - bruto - 5.378 25.661 589.219 864.832 65.446 1.550.536 - gross
Piutang sewa Finance lease
pembiayaan - bruto - 238.231 252.305 939.663 987.261 75.648 2.493.108 receivables - gross
Piutang karyawan - 3.551 6.796 28.015 51.332 15.922 105.616 Employee receivables
Piutang klaim asuransi - 12.865 - - - - 12.865 Insurance claim receivables
Insurance commission
Piutang komisi asuransi - 42.063 - - - - 42.063 receivables
Aset derivatif - 2.742 4.923 19.247 27.293 - 54.205 Derivative assets
Investasi dalam saham 396.870 - - - - - 396.870 Investment in shares
396.870 4.301.431 3.841.203 15.988.289 21.899.199 3.306.867 49.733.859
Liabilitas keuangan Financial liabilities
Pinjaman yang diterima - 1.124.533 1.689.994 5.711.123 4.817.272 - 13.342.922 Borrowings
Sukuk mudharabah - 6.489 64.220 580.938 571.052 123.771 1.346.470 Mudharabah bonds
Utang obligasi - 53.088 878.111 2.101.731 2.648.594 1.555.485 7.237.009 Bonds payable
Utang kepada dealer - 223.641 - - - - 223.641 Payables to dealers
Utang premi asuransi - 157.932 - - - - 157.932 Insurance premium payables
Liabilitas sewa - - 8.239 30.097 72.608 53.381 164.325 Lease liabilities
Liabilitas derivatif - 6.433 13.127 58.680 104.352 - 182.592 Derivative liabilities
- 1.572.116 2.653.691 8.482.569 8.213.878 1.732.637 22.654.891
Perbedaan jatuh tempo 396.870
- 2.729.315
- 1.187.512
- 7.505.720
- 13.685.321
- 1.574.230
- 27.078.968
- Maturity gap
Risiko operasional Operational risk
Perseroan juga sangat sadar terhadap risiko operasional, The Company is also highly aware about operational risk,
karena permasalahan yang timbul sehubungan dengan risiko because problems arising in relation with this risk could bring
ini dapat berdampak dan berpengaruh luas terhadap kinerja significant impact and affect the Company’s overall
Perseroan secara keseluruhan. Secara umum, risiko performance. In general, operational risk is the risk caused
operasional merupakan risiko yang disebabkan karena by insufficiency and/or malfunction of internal processes,
ketidakcukupan dan/atau tidak berfungsinya proses internal, human errors, system failures and external problems that
kesalahan manusia, kegagalan sistem dan adanya problem affect the Company's whole operations.
eksternal yang mempengaruhi operasional Perseroan secara
keseluruhan.
Secara umum, Penanganan risiko operasional dalam In general, the operational risks in the Company are handled
Perseroan dilakukan dengan 4 (empat) langkah, yaitu: through 4 (four) steps as follows:
- Mengidentifikasikan risiko yang melekat dalam setiap - To identify risks attached to every product and
produk dan aktivitas operasional operational activity
- Mengukur profil risiko Perseroan agar mendapatkan - To measure the Company’s risk profile, in order to
gambaran dari efektifitas penerapan manajemen risiko understand the effectiveness of risk management’s
serta tingkat kepatuhan terhadap prosedur dan implementation as well as compliance level towards
kebijakan yang tersedia existing procedures and policies
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
135
638 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 641
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
40. MANAJEMEN RISIKO KEUANGAN (lanjutan) 40. FINANCIAL RISK MANAGEMENT (continued)
Risiko operasional (lanjutan) Operational risk (continued)
Secara umum, Penanganan risiko operasional dalam In general, the operational risks in the Company are handled
Perseroan dilakukan dengan 4 (empat) langkah, yaitu: through 4 (four) steps as follows: (continued)
(lanjutan)
- Memantau risiko yang telah diidentifikasi dan diukur - To monitor risks that have been identified and measured
Perseroan dalam suatu bentuk dokumentasi risiko by the Company in a form of risk documentation by using
dengan menggunakan sistem dan prosedur pemantauan risk monitoring systems and procedures performed both
risiko yang dilakukan baik oleh fungsi bisnis dan by the business and operational functions (risk-taking
operasional (risk-taking function) maupun oleh satuan function) and by the Risk Management unit on a regular
kerja Manajemen Risiko secara berkala dan basis and submitted to the Company’s management
disampaikan kepada pihak manajemen Perseroan
- Mengendalikan risiko berdasarkan hasil pemantuan - To control risks based on monitoring results in the form
dalam bentuk tindakan proaktif sehingga kerugian of proactive actions in order to manage operational loss
operasional yang terjadi tidak melewati batasan yang within specified limit and will not affect the Company’s
telah ditentukan dan tidak mengganggu jalannya usaha business.
Perseroan.
Keempat langkah di atas merupakan satu kesatuan proses The four steps above is an inseparable unified process. The
yang tidak terpisahkan. Langkah di atas telah diterjemahkan steps above have been converted to the Company's
Perseroan dalam mekanisme manajemen risiko operasional operational risk management mechanism as follows:
sebagai berikut:
• Risk Control Self Assessment (RCSA) • Risk Control Self Assessment (RCSA)
RCSA merupakan suatu konsep manajemen risiko yang RCSA is a concept of risk management, which was
dibentuk berdasarkan Prosedur Operasi Standar yang established based on applicable Standard Operating
berlaku dalam Perseroan, untuk menelaah dan Procedures in the Company, to examine and measure
mengukur besarnya potensi risiko-risiko yang the extent of potential risk occurring throughout the
berlangsung selama proses internal untuk menghasilkan internal processes in order to generate operational risk
status risiko operasional, dan dilaporkan secara periodik status, and is reported periodically (semi-annually) to the
(semesteran) kepada manajemen Perseroan. Unit kerja Company’s management. The appointed unit within the
yang telah ditetapkan di dalam Perseroan akan Company will conduct Self Assessment (Unit SA) which
melakukan Self Assessment (Unit SA) yang results in RSCA for each Unit SA.
menghasilkan rating RCSA bagi setiap Unit SA.
• Risk Register • Risk Register
Risk Register merupakan daftar atau tabel yang Risk Register is a list or table that describes the
menggambarkan risiko-risiko operasional yang diregister registered operational risks as a result of the risk
sebagai hasil proses manajemen risiko di suatu risk- management process in a risk-taking function at a certain
taking function pada periode tertentu. period.
• Operational Risk Management System (ORMS) • Operational Risk Management System (ORMS)
ORMS merupakan implementasi dari kewajiban ORMS is an implementation of the obligation of the
Perseroan sebagai Perusahaan Anak dari PT Bank Company as a Subsidiary of PT Bank Danamon
Danamon Indonesia Tbk untuk melakukan pengendalian Indonesia Tbk to carry out operational risk control by
risiko operasional dengan cara melakukan pencatatan recording risk event at the time this risk event occurred,
kejadian berisiko pada saat terjadinya kejadian berisiko as part of the Implementation of Integrated Risk
tersebut, sebagai bagian dari Penerapan Manajemen Management. ORMS is a web-based intranet application
Risiko Terintegrasi bagi Konglomerasi Keuangan. ORMS that is used as an operational risk management tool and
adalah sebuah aplikasi intranet berbasis web yang is designed for recording the operational risk event at the
digunakan sebagai alat bantu pengelola risiko time of occurrence of this risk event and stored into a
operasional yang dirancang agar pencatatan kejadian database that has been integrated with PT Bank
berisiko dapat dilakukan pada saat terjadinya kejadian Danamon Indonesia Tbk as Parent Company.
berisiko tersebut dan direkam ke dalam database yang
terintegrasi dengan PT Bank Danamon Indonesia Tbk
sebagai Perusahaan Induk.
Sebagai pendukung terhadap penerapan manajemen risiko As support for the implementation of operational risk
operasional, Perseroan secara terus menerus management, the Company continuously develops risk
mengembangkan indikator deteksi risiko operasional yang operational detection indicator, which result will be combined
hasilnya akan dikombinasikan dengan proses pengendalian with internal control process, thus can help the Company in
internal, sehingga dapat membantu Perseroan dalam detecting operational risk which might occur and take
mendeteksi risiko operasional yang mungkin timbul dan necessary action in minimising the effect of operational risk.
mengambil tindakan yang diperlukan dalam meminimalisir
akibat dari risiko operasional.
* Tidak diaudit *Unaudited
136
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 639
Page 642
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
40. MANAJEMEN RISIKO KEUANGAN (lanjutan) 40. FINANCIAL RISK MANAGEMENT (continued)
Risiko operasional (lanjutan) Operational risk (continued)
• Pengelolaan Kecurangan • Fraud Management
Seiring dengan semakin besar suatu perusahaan, Along with the company’s growth, the process is more
dengan proses yang semakin kompleks dan jumlah complex and the number of employees increases, strong
karyawan yang bertambah, pengendalian internal yang internal control becomes an issue to cover the gap of an
kuat menjadi sebuah isu untuk menutup celah dari sistem internal system that is still in the process of improvement.
internal yang masih terus dalam proses perbaikan. As a financing company that has a risk management
Sebagai perusahaan pembiayaan yang telah memiliki system, the Company has implemented POJK No. 12
sistem manajemen risiko, Perseroan telah menerapkan Year 2024 dated 23 July 2024 concerning the
POJK No. 12 Tahun 2024 tanggal 23 Juli 2024 tentang Implementation of Anti-Fraud Strategy for Financial
Penerapan Strategi Anti Fraud Bagi Lembaga Jasa Services Institutions, generally summarized as follows:
Keuangan yang secara umum terangkum sebagai
berikut:
• Pencegahan: Memuat anti-fraud awareness, • Prevention: Provide anti-fraud awareness,
identifikasi kerawanan, know your customer, dan identification of vulnerabilities, know your customer,
know your employee. and know your employee.
• Pendeteksian: Memuat kegiatan dalam • Detection: Provide activities to identify and find fraud
mengidentifikasi dan menemukan kejadian fraud. incidents.
• Investigasi, Pelaporan, dan Sanksi : Memuat • Investigation, Reporting and Sanctions: Provide the
standar investigasi Perseroan, mekanisme Company's investigative standards, mechanisms for
pelaporan kejadian fraud kepada internal Perseroan, reporting fraud incidents to the Company's internal
penerapan kebijakan sanksi untuk memberikan efek affairs, implementation of a sanction policy to provide
jera bagi pelaku fraud. a deterrent effect for perpetrators of fraud.
• Pemantauan, Evaluasi, dan Tindak lanjut: Memuat • Monitoring, Evaluation, and Action Plan: Provide
pemantauan terhadap tindak lanjut kejadian fraud, monitoring over the action plan of fraud incidents,
memelihara data kejadian fraud (fraud profiling) maintaining data on fraud incidents (fraud profiling)
guna mendukung pelaksanaan evaluasi, to support evaluation implementation, action plan
mekanisme tindak lanjut untuk menghindari kejadian mechanisms to prevent fraud incidents from reoccur.
fraud terulang kembali.
• Pengelolaan Kelangsungan Usaha (Business • Business Continuity Management (BCM)
Continuity Management - BCM)
BCM merupakan proses pengelolaan yang menyeluruh BCM is a comprehensive management process to
dalam mengidentifikasi dampak yang berpotensi identify the impact that potentially threaten business
mengancam kelangsungan usaha. BCM menjadi sebuah continuity. BCM becomes a framework in building
kerangka dalam membangun ketahanan dan kapabilitas resilience and the capability to respond to issues or
dalam merespon isu atau situasi secara efektif. Dengan situations effectively. Therefore, the interests of
demikian, kepentingan para pemangku kepentingan, stakeholders, the reputation of the Company and
reputasi Perseroan dan kelangsungan usaha dapat business continuity can be maintained.
terjaga.
Melalui BCM, Perseroan melakukan identifikasi terhadap Through BCM, the Company identified the critical
aktivitas-aktivitas/kejadian kritikal yang berpotensi terjadi activities/events that can potentially occur in the
dalam Perseroan, yang mana bila terjadi gangguan pada Company, which in case of disruption in that activities,
aktivitas tersebut, dapat mengancam kelangsungan could threaten the Company’s business continuity.
usaha Perseroan. Melalui hasil analisa tersebut, Through the analysis result, the Company prepared a
Perseroan menyusun Business Continuity Plan (BCP) Business Continuity Plan (BCP), which is a documented
yang merupakan kerangka kerja terdokumentasi untuk framework of response and recovery for critical activities
penanganan dan pemulihan terhadap aktivitas kritikal in a unit with a predetermined period of time.
dalam suatu unit kerja dengan periode waktu yang telah
ditetapkan.
Perseroan mengidentifikasi aktivitas-aktivitas operasional The Company identified that the critical operational activities
kritikal yang ada pada kegiatan usaha Perseroan terletak of the Company are located in: acquisition, credit,
pada: bagian akuisisi, kredit, operasional, penagihan, operational, collection, finance, information technology and
keuangan, teknologi informasi dan digital, penyimpanan digital, custodian for BPKB and branch services. Other than
BPKB kendaraan dan pelayanan cabang. Selain itu, that, the Company also identified that external crisis can arise
Perseroan pun mengidentifikasi bahwa krisis eksternal pun and affect the Company’s business continuity.
dapat timbul dan berpotensi memberikan dampak pada
kelangsungan usaha Perseroan.
* Tidak diaudit *Unaudited
137
640 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 643
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
41. ASET DAN LIABILITAS KEUANGAN 41. FINANCIAL ASSETS AND LIABILITIES
Tabel di bawah ini menyajikan nilai tercatat dan nilai wajar The following table sets out the carrying amounts and fair
dari instrumen keuangan Perseroan: values of the Company’s financial instruments:
2025 -
Nilai wajar
melalui Nilai wajar
Biaya laba rugi/ melalui
perolehan Fair value OCI/
diamortisasi/ through Fair value Nilai tercatat/
Amortised profit or through Carrying Nilai wajar/
cost - loss - OCI - value - Fair value
-
Aset keuangan Financial assets
Kas dan setara kas 820.916 - - 820.916 820.916 Cash and cash equivalents
Piutang pembiayaan Consumer financing
konsumen - bersih 25.753.573 - - 25.753.573 26.129.394 receivables - net
Piutang pembiayaan Murabahah financing
murabahah - bersih 5.535.389 - - 5.535.389 5.651.266 receivables - net
Piutang pembiayaan Musyarakah mutanaqisah
musyarakah mutanaqisah financing receivables
- bersih 743.479 - - 743.479 746.009 - net
Piutang sewa Finance lease
pembiayaan - bersih 3.111.787 - - 3.111.787 3.433.777 receivables - net
Piutang klaim asuransi 10.436 - - 10.436 10.436 Insurance claim receivables
Insurance commission
Piutang komisi asuransi 48.299 - - 48.299 48.299 receivables
Piutang karyawan 90.224 - - 90.224 99.349 Employee receivables
Aset derivatif - - 60.396 60.396 60.396 Derivative assets
Investasi dalam saham - - 420.717 420.717 420.717 Investment in shares
Jumlah aset keuangan 36.114.103
- -- 481.113
- 36.595.216
- 37.420.559
- Total financial assets
Liabilitas keuangan Financial liabilities
Pinjaman yang diterima 9.884.966 - - 9.884.966 9.896.150 Borrowings
Beban bunga yang masih harus Accrued interest
dibayar 146.780 - - 146.780 146.780 expenses
Bagi hasil sukuk mudharabah yang Accrued revenue sharing for
masih harus dibayar 17.120 - - 17.120 17.120 mudharabah bonds
Marjin mudharabah yang
masih harus dibayar 1.339 - - 1.339 1.339 Accrued mudharabah margin
Utang obligasi 8.596.025 - - 8.596.025 8.737.944 Bonds payable
Utang kepada dealer 58.068 - - 58.068 58.068 Payables to dealers
Utang premi asuransi 168.176 - - 168.176 168.176 Insurance premium payables
Liabilitas sewa 109.665 - - 109.665 109.665
Liabilitas derivatif - - 17.746 17.746 17.746 Derivative liabilities
Sukuk mudharabah 1.643.850 - - 1.643.850 1.660.993 Mudharabah bonds
Jumlah liabilitas keuangan 20.625.989
- -- 17.746
- 20.643.735
- 20.813.981
- Total financial liabilities
* Tidak diaudit *Unaudited
138
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 641
Page 644
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
41. ASET DAN LIABILITAS KEUANGAN (lanjutan) 41. FINANCIAL ASSETS AND LIABILITIES (continued)
Tabel di bawah ini menyajikan nilai tercatat dan nilai wajar The following table sets out the carrying amounts and fair
dari instrumen keuangan Perseroan: (lanjutan) values of the Company’s financial instruments: (continued)
2024
Disajikan kembali/Restated *) -
Nilai wajar
melalui Nilai wajar
Biaya laba rugi/ melalui
perolehan Fair value OCI/
diamortisasi/ through Fair value Nilai tercatat/
Amortised profit or through Carrying Nilai wajar/
cost - loss - OCI - value - Fair value
-
Aset keuangan Financial assets
Kas dan setara kas 1.959.219 - - 1.959.219 1.959.219 Cash and cash equivalents
Piutang pembiayaan Consumer financing
konsumen - bersih 23.921.636 - - 23.921.636 24.177.306 receivables - net
Piutang pembiayaan Murabahah financing
murabahah - bersih 6.518.684 - - 6.518.684 6.667.801 receivables - net
Piutang pembiayaan Musyarakah mutanaqisah
musyarakah mutanaqisah financing receivables
- bersih 1.151.408 - - 1.151.408 1.154.563 - net
Piutang sewa Finance lease
pembiayaan - bersih 2.235.399 - - 2.235.399 2.447.008 receivables - net
Piutang klaim asuransi 12.865 - - 12.865 12.865 Insurance claim receivables
Insurance commission
Piutang komisi asuransi 42.063 - - 42.063 42.063 receivables
Piutang karyawan 105.616 - - 105.616 93.717 Employee receivables
Aset derivatif - - 71.069 71.069 71.069 Derivative assets
Investasi dalam saham - - 396.870 396.870 396.870 Investment in shares
Jumlah aset keuangan 35.946.890
- -- 467.939
- 36.414.829
- 37.022.481
- Total financial assets
Liabilitas keuangan Financial liabilities
Pinjaman yang diterima 12.638.222 - - 12.638.222 12.620.661 Borrowings
Beban bunga yang masih harus Accrued interest
dibayar 140.362 - - 140.362 140.362 expenses
Bagi hasil sukuk mudharabah yang Accrued revenue sharing for
masih harus dibayar 12.841 - - 12.841 12.841 mudharabah bonds
Marjin mudharabah yang
masih harus dibayar 961 - - 961 961 Accrued mudharabah margin
Utang obligasi 6.377.830 - - 6.377.830 6.378.480 Bonds payable
Utang kepada dealer 223.641 - - 223.641 223.641 Payables to dealers
Utang premi asuransi 157.932 - - 157.932 157.932 Insurance premium payables
Liabilitas sewa 137.978 - - 137.978 137.978 Lease liabilities
Liabilitas derivatif - - 75.416 75.416 75.416 Derivative liabilities
Sukuk mudharabah 1.228.330 - - 1.228.330 1.230.797 Mudharabah bonds
Jumlah liabilitas keuangan 20.918.097
- -- 75.416
- 20.993.513
- 20.979.069
- Total financial liabilities
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
139
642 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 645
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
41. ASET DAN LIABILITAS KEUANGAN (lanjutan) 41. FINANCIAL ASSETS AND LIABILITIES (continued)
Metode dan asumsi yang digunakan untuk estimasi nilai Methods and assumptions are used to estimate the fair
wajar adalah sebagai berikut: values are as follows:
• Nilai wajar kas dan setara kas, piutang klaim asuransi, • The fair value of cash and cash equivalents, insurance
piutang komisi asuransi, utang kepada dealer, utang claim receivables, insurance commission receivables,
premi asuransi, liabilitas sewa, pinjaman yang diterima payables to dealers, insurance premium payables,
dengan tingkat suku bunga tetap dan akan jatuh tempo lease liabilities, borrowings which bear fixed interest
kurang dari satu tahun, beban bunga yang masih harus rate and will mature in less than one year, accrued
dibayar, bagi hasil sukuk mudharabah yang masih harus interest expenses, accrued revenue sharing for
dibayar, dan marjin mudharabah yang masih harus mudharabah bonds, and accrued mudharabah margin
dibayar mendekati nilai tercatat karena jangka waktu approximate their carrying amounts largerly due to
jatuh tempo yang singkat atas instrumen keuangan short-term mature of these instruments.
tersebut.
• Nilai wajar pinjaman yang diterima dengan tingkat suku • The fair value of floating-rate borrowings approximate
bunga mengambang mendekati nilai tercatatnya karena their carrying amounts because the interest rate is
tingkat suku bunganya sering ditinjau ulang. repriced frequently.
• Nilai wajar piutang pembiayaan konsumen, piutang • The fair value of consumer financing receivables,
pembiayaan murabahah, piutang pembiayaan MMQ, murabahah financing receivable, MMQ financing
piutang sewa pembiayaan, piutang karyawan dan receivables, finance lease receivables, employee
pinjaman yang diterima dengan tingkat suku bunga tetap receivables and borrowings which bear fixed interest
dan akan jatuh tempo lebih dari satu tahun dinilai rate and will mature in more than one year are
menggunakan diskonto arus kas berdasarkan tingkat determined by discounting cash flows using market
suku bunga pasar pada tanggal 31 Desember 2025 dan interest rate of similar instruments as of 31 December
2024. 2025 and 2024.
• Nilai wajar investasi dalam saham diukur menggunakan • The fair value of investment in shares is measured
hirarki nilai wajar tingkat 3. Perseroan menggunakan using level 3 fair value hierarchy. The Company
pendekatan pendapatan dengan membandingkan harga applied the income approach by comparing the shares
beli saham dengan nilai buku yang tercatat pada laporan purchase price with the book value recognized in the
keuangan entitas pada tanggal pembelian yang financial statements of the investee at the acquisition
kemudian disesuaikan dengan perubahan ekuitas dari date, then adjusted for changes in the investee’s equity
entitas yang diinvestasikan hingga tanggal pelaporan. up to the reporting date.
• Obligasi dan sukuk mudharabah Perseroan terdaftar di • The Company’s bonds and mudharabah bonds listed
Bursa Efek Indonesia. Nilai wajar utang obligasi dan in the Indonesia Stock Exchange. The fair value of
sukuk mudharabah ditentukan berdasarkan harga pasar bonds payable and mudharabah bonds are determined
kuotasi dari Bloomberg pada tanggal 31 Desember 2025 using quoted market price from Bloomberg as of
dan 2024. 31 December 2025 and 2024.
* Tidak diaudit *Unaudited
140
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 643
Page 646
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
41. ASET DAN LIABILITAS KEUANGAN (lanjutan) 41. FINANCIAL ASSETS AND LIABILITIES (continued)
Hirarki nilai wajar instrumen keuangan Fair value hierarchy of financial instruments
Tabel berikut ini merupakan hirarki nilai wajar dari The table below sets out the fair value hierarchy of the
aset/liabilitas keuangan pada tanggal 31 Desember 2025 financial assets/liabilities as of 31 December 2025 and 2024:
dan 2024:
2025 -
Nilai wajar
melalui Nilai wajar
Biaya laba rugi/ melalui
perolehan Fair value OCI/
diamortisasi/ through Fair value
Amortised profit or through Jumlah/
cost - loss - OCI - Total -
Aset keuangan Financial assets
Tingkat 2: Level 2:
Piutang pembiayaan Consumer financing
konsumen - bersih 26.129.394 - - 26.129.394 receivables - net
Piutang pembiayaan Murabahah financing
murabahah - bersih 5.651.266 - - 5.651.266 receivables - net
Piutang pembiayaan Musyarakah mutanaqisah
musyarakah mutanaqisah financing receivables
- bersih 746.009 - - 746.009 - net
Piutang sewa Finance lease
pembiayaan - bersih 3.433.777 - - 3.433.777 receivables - net
Piutang karyawan 99.349 - - 99.349 Employee receivables
Aset derivatif - - 60.396 60.396 Derivative assets
36.059.795
- -- 60.396
- 36.120.191
-
Tingkat 3: Level 3:
Investasi dalam saham - - 420.717 420.717 Investment in shares
-- -- 420.717
- 420.717
-
Liabilitas keuangan Financial liabilities
Tingkat 1: Level 1:
Utang obligasi 8.737.944 - - 8.737.944 Bonds payable
Sukuk mudharabah 1.660.993 - - 1.660.993 Mudharabah bonds
10.398.937
- -- -- 10.398.937
-
Tingkat 2: Level 2:
Pinjaman yang diterima 9.896.150 - - 9.896.150 Borrowings
Liabilitas derivatif - - 17.746 17.746 Derivative liability
9.896.150 - 1 17.746 9.913.896
- 1 - - 1 - 1
* Tidak diaudit *Unaudited
141
644 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 647
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
41. ASET DAN LIABILITAS KEUANGAN (lanjutan) 41. FINANCIAL ASSETS AND LIABILITIES (continued)
Hirarki nilai wajar instrumen keuangan (lanjutan) Fair value hierarchy of financial instruments (continued)
Tabel berikut ini merupakan hirarki nilai wajar dari The table below sets out the fair value hierarchy of the
aset/liabilitas keuangan pada tanggal 31 Desember 2025 financial assets/liabilities as of 31 December 2025 and 2024:
dan 2024: (lanjutan) (continued)
2024
Disajikan kembali/Restated *) -
Nilai wajar
melalui Nilai wajar
Biaya laba rugi/ melalui
perolehan Fair value OCI/
diamortisasi/ through Fair value
Amortised profit or through Jumlah/
cost - loss - OCI - Total -
Aset keuangan Financial assets
Tingkat 2: Level 2:
Piutang pembiayaan Consumer financing
konsumen - bersih 24.177.306 - - 24.177.306 receivables - net
Piutang pembiayaan Murabahah financing
murabahah - bersih 6.667.801 - - 6.667.801 receivables - net
Piutang pembiayaan Musyarakah mutanaqisah
musyarakah mutanaqisah financing receivables
- bersih 1.154.563 - - 1.154.563 - net
Piutang sewa Finance lease
pembiayaan - bersih 2.447.008 - - 2.447.008 receivables - net
Piutang karyawan 93.717 - - 93.717 Employee receivables
Aset derivatif - - 71.069 71.069 Derivative assets
34.540.395
- -- 71.069
- 34.611.464
-
Tingkat 3: Level 3:
Investasi dalam saham - - 396.870 396.870 Investment in shares
-- -- 396.870
- 396.870
-
Liabilitas keuangan Financial liabilities
Tingkat 1: Level 1:
Utang obligasi 6.378.480 - - 6.378.480 Bonds payable
Sukuk mudharabah 1.230.797 - - 1.230.797 Mudharabah bonds
7.609.277
- -- -- 7.609.277
-
Tingkat 2: Level 2:
Pinjaman yang diterima 12.620.661 - - 12.620.661 Borrowings
Liabilitas derivatif - 1 - 1 75.416
1 75.416
1 Derivative liability
12.620.661
- -- 75.416
- 12.696.077
-
Pada tanggal 31 Desember 2025 dan 2024, tidak ada As of 31 December 2025 and 2024, there are no transfer at
transfer pada level aset keuangan dan liabilitas keuangan. level of financial assets and financial liabilities.
42. MANAJEMEN MODAL 42. CAPITAL MANAGEMENT
Tujuan Perseroan dalam mengelola permodalan adalah The Company’s objective in managing its capital is to keep
untuk melindungi kemampuan Perseroan dalam the Company’s capability in maintaining its going concern,
mempertahankan kelangsungan usahanya, sehingga so the Company could distribute the return to shareholders.
Perseroan tetap memberikan imbal hasil bagi pemegang
saham.
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
142
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 645
Page 648
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
42. MANAJEMEN MODAL (lanjutan) 42. CAPITAL MANAGEMENT (continued)
Perseroan mempunyai komitmen untuk mengembalikan The Company has a commitment to deliver return on
investasi pemegang saham dalam bentuk dividen kas. Sejak investment to its shareholders in the form of cash dividend.
Penawaran Saham Perdana, Perseroan selalu membagikan Since the Initial Public Offering, the Company has
dividen kepada para pemegang sahamnya secara teratur consistently distributed dividends to its shareholders every
setiap tahun dan juga telah menetapkan kebijakan dividen year and has also determined the minimum dividend policy
minimal sebesar 20% dari laba neto tahun berjalan dengan of 20% from current year net income by still considering the
tetap mempertimbangkan kebutuhan dana Perseroan pada Company’s needs of funding in the following year and the
tahun berikutnya dan kebijakan dividen yang diambil oleh dividend policy of PT Bank Danamon Indonesia Tbk as the
PT Bank Danamon Indonesia Tbk selaku pemegang saham controlling shareholder.
pengendali.
Dalam mengelola permodalan, Perseroan melakukan analisa In managing capital, the Company conducts monthly
secara bulanan untuk memastikan bahwa Perseroan tetap analysis to ensure that the Company complies with POJK
mengikuti POJK No. 47/POJK.05/2020 tertanggal No. 47/POJK.05/2020 dated 17 November 2020 regarding
17 November 2020 tentang Perizinan Usaha dan Business Licesing and Institutional Financing Companies
Kelembagaan Perusahaan Pembiayaan dan Perusahaan and Sharia Financing Companies and POJK
Pembiayaan Syariah dan POJK No. 35/POJK.05/2018 No. 35/POJK.05/2018 dated 27 December 2018 regarding
tertanggal 27 Desember 2018 tentang Penyelenggaraan Business Operations of Financing Company, as lastly
Usaha Perusahaan Pembiayaan, sebagaimana telah diubah amended by POJK No. 46 Year 2024 regarding the
terakhir dengan POJK No. 46 Tahun 2024 tentang Development and Strengthening of Financing Companies,
Pengembangan Dan Penguatan Perusahaan Pembiayaan, Infrastructure Financing Companies, and Venture Capital
Perusahaan Pembiayaan Infrastruktur, dan Perusahaan Companies which have some provisions as follows:
Modal Ventura yang di antaranya mengatur ketentuan
sebagai berikut:
• Rasio permodalan Perseroan minimum 10%, • The Company’s capital ratio minimum 10%,
• Jumlah pinjaman yang dimiliki Perseroan dibandingkan • The amount of the Company’s loan to equity and
modal sendiri dan pinjaman subordinasi dikurangi subordinated loan deducted by investment is maximum
penyertaan maksimum 10 kali, baik untuk pinjaman luar 10 times, both for off-shore and on-shore loans.
negeri maupun dalam negeri.
Pada tanggal 31 Desember 2025 dan 2024, Perseroan telah As of 31 December 2025 and 2024, the Company has
memenuhi ketentuan tersebut (lihat Informasi Keuangan complied with those provisions (see Supplementary
Tambahan). Financial Information).
* Tidak diaudit *Unaudited
143
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Page 649
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
43. ASET/LIABILITAS DALAM MATA UANG ASING 43. ASSET/LIABILITY DENOMINATED IN FOREIGN
CURRENCY
Aset dan liabilitas dalam mata uang asing yang dimiliki The Company’s assets and liabilities denominated in foreign
Perseroan adalah sebagai berikut: currency are as follows:
2024
Disajikan kembali/
2025 - Restated *) -
Kas di bank Cash in banks
USD USD
Nilai penuh 3.449 52.862 Full amount
Ekuivalen (IDR) 57 852 Equivalent (IDR)
Pinjaman yang diterima Borrowings
USD USD
Nilai penuh (207.834.528) (268.619.040) Full amount
Ekuivalen (IDR) (3.465.641) (4.324.336) Equivalent (IDR)
JPY JPY
Nilai penuh (5.653.380.000) (10.320.084.000) Full amount
Ekuivalen (IDR) (602.085) (1.063.278) Equivalent (IDR)
Dikurangi: Less:
Lindung nilai arus kas Cashflow hedge
USD USD
Nilai penuh 207.834.528 268.619.040 Full amount
Ekuivalen (IDR) 3.465.641 4.324.336 Equivalent (IDR)
JPY JPY
Nilai penuh 5.653.380.000 10.320.084.000 Full amount
Ekuivalen (IDR) 602.085 1.063.278 Equivalent (IDR)
Aset neto USD Net asset USD
Dalam nilai penuh 3.449 52.862 In full amount
Dalam IDR ekuivalen 57 852 In IDR equivalent
Aset neto JPY Net asset JPY
Dalam nilai penuh - - In full amount
Dalam IDR ekuivalen -- -- In IDR equivalent
Perseroan telah menerapkan kebijakan lindung nilai untuk The Company has applied hedging policy to borrowings
pinjaman yang diterima dalam mata uang asing dan/atau denominated in foreign currencies with/without floating
memiliki tingkat suku bunga mengambang (lihat Catatan 11 interest rates (see Notes 11 and 17).
dan 17).
Atas aset dan liabilitas dalam mata uang asing, jumlah For assets and liabilities denominated in foreign currency,
laba/(rugi) selisih kurs yang diakui dalam laporan laba rugi gain/(loss) on foreign exchange recognised in the statement
pada tahun 2025 sebesar (Rp3.993) (2024: Rp2.821). of profit or loss in 2025 amounted to (Rp3,993) (2024:
Rp2,821).
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
144
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 647
Page 650
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
44. AKTIVITAS INVESTASI NON-KAS 44. NON-CASH INVESTING ACTIVITY
2024
Catatan/ Disajikan kembali/
Notes
- 2025 - Restated *) -
Aktivitas investasi non-kas: Non-cash investing activity:
Pengadaan aset tetap Acquisition of fixed asset which
yang masih terutang 10.126 4.877 is still payable
Pengadaan aset tak berwujud Acquisition of intangible asset which
yang masih terutang 28 67.582 is still payable
Pengadaan sehubungan dengan
transaksi penggabungan usaha Acquisition in relation to the
dengan MFIN: merger transaction with MFIN
- Penerbitan saham baru 24 23.303 - New share issuance -
- Peningkatan tambahan modal disetor 25 2.841.192 - Increase in additional paid-in capital -
2.874.649
- 72.459
-
45. REKONSILIASI AKTIVITAS PENDANAAN BERSIH 45. NET FINANCING ACTIVITIES RECONCILIATION
Rekonsiliasi dari aktivitas pendanaan adalah sebagai Reconciliation from financing activities are as follows:
berikut:
2025
Perubahan non-kas/
Non-cash changes -
Pergerakan
beban transaksi
dan beban
Pergerakan lainnya/
valuta asing/ Changes in
Saldo awal/ Movement transaction Saldo akhir/
Beginning Arus kas/ of foreign cost and Ending
balance - Cashflow - exchange *)- other cost - balance -
Pinjaman yang diterima 12.638.222 (2.866.308) 99.971 13.081 9.884.966 Borrowings
Utang obligasi 6.377.830 2.205.707 - 12.488 8.596.025 Bond payables
Sukuk mudharabah 1.228.330 415.520 - - 1.643.850 Mudharabah bonds
Liabilitas sewa 137.978 (38.335) - 10.022 109.665 Lease liabilities
Jumlah liabilitas dari Total liabilities from
aktivitas pendanaan 20.382.360
- (283.416)
- 99.971
- 35.591
- 20.234.506
- financing activities
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
145
648 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 651
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
45. REKONSILIASI AKTIVITAS PENDANAAN BERSIH 45. NET FINANCING ACTIVITIES RECONCILIATION
(lanjutan) (continued)
Rekonsiliasi dari aktivitas pendanaan adalah sebagai Reconciliation from financing activities are as follows:
berikut:
2024
Disajikan kembali/Restated *)
Perubahan non-kas/
Non-cash changes -
Pergerakan
beban transaksi
dan beban
Pergerakan lainnya/
valuta asing/ Changes in Efek
Saldo awal/ Movement transaction merging entity / Saldo akhir/
Beginning Arus kas/ of foreign cost and Merging entity Ending
balance - Cashflow- exchange -*) other cost - effect - balance -
Pinjaman yang diterima 9.312.972 1.843.243 1.403 19.137 1.461.467 12.638.222 Borrowings
Utang obligasi 5.885.106 (16.768) - 9.965 499.527 6.377.830 Bond payables
Sukuk mudharabah 859.000 (327.170) - - 696.500 1.228.330 Mudharabah bonds
Liabilitas sewa 148.048 (31.249) - 21.179 - 137.978 Lease liabilities
Jumlah liabilitas dari Total liabilities from
aktivitas pendanaan 16.205.126
- 1.468.056
- 1.403
- 50.281
- 2.657.494
- 20.382.360
- financing activities
*) Perseroan telah menerapkan kebijakan lindung nilai untuk *) The Company has applied hedging policy to borrowings
pinjaman yang diterima dalam mata uang asing dan/atau denominated in foreign currencies with/without floating
memiliki tingkat suku bunga mengambang (lihat Catatan 10 interest rates (see Notes 10 and 17).
dan 17).
46. LIABILITAS KONTINJENSI 46. CONTINGENT LIABILITY
Perseroan tidak memiliki liabilitas kontinjensi yang signifikan The Company does not have any significant contingent
pada tanggal 31 Desember 2025 dan 2024. liability as of 31 December 2025 and 2024.
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
146
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 649
Page 652
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. INFORMASI KEUANGAN TAMBAHAN - UNIT 47. SUPPLEMENTARY FINANCIAL INFORMATION -
SYARIAH SHARIA UNIT
2024
Disajikan kembali/
2025 - Restated *) -
ASET ASSETS
Kas dan kas di bank 76.940 251.717 Cash and cash in bank
Piutang pembiayaan murabahah - bruto 16.352.792 16.978.307 Murabahah financing receivables - gross
Marjin pembiayaan murabahah yang
belum diakui (3.705.390) (3.790.426) Unearned murabahah margin
Bagian piutang pembiayaan murabahah yang Portion of murabahah financing receivables
dibiayai pihak berelasi - neto (6.716.430) (6.266.141) financed by a related party - net
Cadangan kerugian penurunan nilai (395.583) (403.056) Allowance for impairment losses
Piutang pembiayaan murabahah - neto 5.535.389 6.518.684 Murabahah financing receivables - net
Piutang pembiayaan musyarakah Musyarakah mutanaqisah financing
mutanaqisah - bruto 1.015.677 1.509.485 receivables - gross
Bagi hasil musyarakah mutanaqisah yang Unearned musyarakah mutanaqisah
belum diakui (189.935) (300.870) profit distribution
Cadangan kerugian penurunan nilai (82.263) (57.207) Allowance for impairment losses
Piutang pembiayaan musyarakah Musyarakah mutanaqisah financing
mutanaqisah - neto 743.479 1.151.408 receivables - net
Aset IMBT 2.257.665 1.075.770 Asset IMBT
Akumulasi penyusutan (830.510) (315.068) Accumulated depreciation
Cadangan kerugian penurunan nilai (49.833) (32.210) Allowance for impairment losses
Aset IMBT - neto 1.377.322 728.492 Asset IMBT - net
Beban dibayar dimuka 4.764 3.246 Prepaid expenses
Piutang dan aset lain-lain - neto 84.970 97.648 Other receivables and asset - net
JUMLAH ASET 7.822.864
- 8.751.195
- TOTAL ASSETS
LIABILITAS LIABILITIES
Dana investasi 3.600.407 4.571.757 Investment funds
Sukuk mudharabah 1.643.850 1.228.330 Mudharabah bonds
Beban yang masih harus dibayar 43.967 138.403 Accrued expenses
Liabilitas lain-lain 205.954 308.299 Other liabilities
JUMLAH LIABILITAS 5.494.178 6.246.789 TOTAL LIABILITIES
EKUITAS EQUITY
Ekuitas 2.328.686 2.504.406 Equity
JUMLAH LIABILITAS DAN EKUITAS 7.822.864
- 8.751.195
- TOTAL LIABILITIES AND EQUITY
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
147
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Page 653
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. INFORMASI KEUANGAN TAMBAHAN - UNIT 47. SUPPLEMENTARY FINANCIAL INFORMATION -
SYARIAH (lanjutan) SHARIA UNIT (continued)
2024
Disajikan kembali/
2025 - Restated *) -
PENDAPATAN INCOME
Pendapatan marjin 1.710.232 1.938.892 Margin income
Bagi hasil musyarakah mutanaqisah 394.321 350.110 Musyarakah mutanaqisah profit distribution
Pendapatan IMBT - neto 252.666 103.347 IMBT income - net
Pendapatan lain-lain 394.010 360.308 Other income
JUMLAH PENDAPATAN OPERASIONAL 2.751.229 2.752.657 TOTAL OPERATING INCOME
Bagi hasil sukuk dan Revenue sharing for
pinjaman mudharabah (396.657) (387.255) mudharabah bonds and loans
PENDAPATAN OPERASIONAL SETELAH OPERATIONAL INCOME AFTER
DISTRIBUSI BAGI HASIL 2.354.572 2.365.402 REVENUE SHARING
BEBAN EXPENSES
Gaji dan tunjangan (719.304) (709.937) Salaries and benefits
Penyisihan kerugian penurunan nilai piutang Provision for impairment losses on
pembiayaan (700.920) (649.498) financing receivables
Umum dan administrasi (391.535) (450.184) General and administrative
Pemasaran (145.120) (141.327) Marketing
Amortisasi biaya emisi sukuk mudharabah, Amortisation of mudharabah bonds issuance,
provisi dan administrasi atas pinjaman provision, and administration expense
yang diterima (4.405) (5.098) of borrowing
Lain-lain (13.385) (18.503) Others
JUMLAH BEBAN (1.974.669) (1.974.547) TOTAL EXPENSES
LABA SEBELUM PAJAK PENGHASILAN 379.903 390.855 INCOME BEFORE INCOME TAX EXPENSE
Beban pajak penghasilan (82.928) (84.088) Income tax expense
LABA TAHUN BERJALAN 296.975
- 306.767
- NET INCOME FOR THE YEAR
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
148
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Page 654
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
48. SEGMEN OPERASI 48. OPERATING SEGMENT
Perseroan mengelola kegiatan usahanya dan The Company manages its business activities and identifies
mengidentifikasi segmen yang dilaporkan berdasarkan jenis its reported segments based on product categories and
produk dan wilayah geografis. Laba atau rugi dari masing- geographic area. Profit or loss from each segment is used to
masing segmen digunakan untuk menilai kinerja masing- measure performance of each segments’ information
masing segmen. Informasi yang berkaitan dengan segmen concerning the main segments are set out as follows:
usaha utama disajikan sebagai berikut:
2025 -
Barang durable
dan lainnya/
Sepeda motor/ Mobil/ Durable goods Jumlah/
Motorcycles
- Cars - and others- Total -
Pendapatan pembiayaan Consumer financing
konsumen 3.932.441 1.538.974 2.085.600 7.557.015 income
Marjin murabahah 1.188.023 518.226 3.983 1.710.232 Murabahah margin
Bagi hasil musyarakah Musyarakah mutanaqisah
mutanaqisah - - 394.321 394.321 profit distribution
Pendapatan sewa pembiayaan 339 57.158 364.009 421.506 Finance leases income
Interest expenses and financing
Beban bunga dan keuangan (543.548) (535.428) (282.735) (1.361.711) charges
Bagi hasil sukuk mudharabah (39.990) (35.493) (3.664) (79.147) Revenue sharing for mudharabah bonds
Laba tahun berjalan 1.685.601 361.315 1.229.491 3.276.407 Income for the year
Penyisihan kerugian Provision for
penurunan nilai impairment losses
Pembiayaan konsumen (1.040.981) (449.483) (406.949) (1.897.413) Consumer financing
Pembiayaan murabahah (310.708) (188.082) (1.688) (500.478) Murabahah financing
Pembiayaan musyarakah Musyarakah mutanaqisah
mutanaqisah - - (151.342) (151.342) financing
Sewa pembiayaan (13) (2.711) (96.297) (99.021) Finance leases
Aset 13.138.764 13.088.505 9.001.122 35.228.391 Assets
Liabilitas 6.694.361 9.266.892 5.030.116 20.991.369 Liabilities
* Tidak diaudit *Unaudited
149
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Page 655
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
48. SEGMEN OPERASI (lanjutan) 48. OPERATING SEGMENT (continued)
Perseroan mengelola kegiatan usahanya dan The Company manages its business activities and identifies
mengidentifikasi segmen yang dilaporkan berdasarkan jenis its reported segments based on product categories and
produk dan wilayah geografis. Laba atau rugi dari masing- geographic area. Profit or loss from each segment is used to
masing segmen digunakan untuk menilai kinerja masing- measure performance of each segments’ information
masing segmen. Informasi yang berkaitan dengan segmen concerning the main segments are set out as follows:
usaha utama disajikan sebagai berikut: (lanjutan) (continued)
2024
Disajikan kembali/Restated *) -
Barang durable
dan lainnya/
Sepeda motor/ Mobil/ Durable goods Jumlah/
Motorcycles
- Cars - and others- Total -
Pendapatan pembiayaan Consumer financing
konsumen 3.701.068 1.706.503 1.747.976 7.155.547 income
Marjin murabahah 1.332.951 582.322 23.619 1.938.892 Murabahah margin
Bagi hasil musyarakah Musyarakah mutanaqisah
mutanaqisah - - 350.110 350.110 profit distribution
Pendapatan sewa pembiayaan 363 57.854 208.238 266.455 Finance leases income
Interest expenses and financing
Beban bunga dan keuangan (578.010) (572.669) (260.334) (1.411.013) charges
Bagi hasil sukuk mudharabah (45.444) (33.761) (13.566) (92.771) Revenue sharing for mudharabah bonds
Laba tahun berjalan 1.778.929 451.120 921.088 3.151.137 Income for the year
Penyisihan kerugian penurunan nilai Provision impairment losses
penurunan nilai impairment losses
Pembiayaan konsumen (1.095.308) (527.561) (323.993) (1.946.862) Consumer financing
Pembiayaan murabahah (336.123) (213.743) (11.542) (561.408) Murabahah financing
Pembiayaan musyarakah Musyarakah mutanaqisah
mutanaqisah - - (56.056) (56.056) profit distribution
Sewa pembiayaan (29) (9.872) (41.600) (51.501) Finance leases
Aset 17.057.903 12.150.276 5.236.276 34.444.455 Assets
Liabilitas 8.672.381 7.927.839 4.704.787 21.305.007 Liabilities
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
* Tidak diaudit *Unaudited
150
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 653
Page 656
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
48. SEGMEN OPERASI (lanjutan) 48. OPERATING SEGMENT (continued)
Berikut adalah informasi yang berkaitan dengan segmen usaha utama The following tables present information concerning the main segments based on
berdasarkan wilayah geografis: geographic area:
2025 -
Bali dan
Nusa Tenggara/
Jabodetabekser/ Jawa Barat/ Jawa Tengah/ Jawa Timur/ Sumatera/ Kalimantan/ Sulawesi/ Bali and Jumlah/
Jabodetabekser
- West Java
- Central Java
- East Java
- Sumatera
- Kalimantan
- Sulawesi- Nusa Tenggara
- Total -
Pendapatan pembiayaan
konsumen 1.722.629 601.835 493.900 413.210 1.507.419 857.090 1.479.334 481.598 7.557.015 Consumer financing income
Marjin murabahah 202.388 123.665 111.859 108.392 617.260 95.813 421.509 29.346 1.710.232 Murabahah margin
654 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Bagi hasil musyarakah Musyarakah mutanaqisah
mutanaqisah 24.815 56.993 21.228 7.523 114.606 30.982 134.374 3.800 394.321 profit distribution
Pendapatan sewa
pembiayaan 169.879 12.563 40.645 22.207 83.901 24.438 61.910 5.963 421.506 Finance leases income
Beban bunga dan Interest expenses and
keuangan (341.682) (91.593) (101.021) (91.315) (297.877) (113.076) (242.990) (82.157) (1.361.711) financing charges
Bagi hasil sukuk Revenue sharing for
mudharabah (11.323) (7.594) (5.394) (4.604) (23.662) (2.746) (22.766) (1.058) (79.147) mudharabah bonds
Beban penyusutan (1.480) (3.095) (1.839) (2.113) (4.672) (2.914) (7.983) (785) (24.881) Depreciation expenses
Laba tahun berjalan 830.710 262.696 245.637 144.764 690.259 329.254 496.690 245.487 3.245.497 Income for the year
Penyisihan kerugian Provision for
penurunan nilai impairment losses
Pembiayaan konsumen (399.754) (137.960) (129.304) (108.521) (397.251) (219.300) (416.253) (89.070) (1.897.413) Consumer financing
Pembiayaan murabahah (60.098) (45.495) (30.158) (33.874) (181.578) (23.484) (116.201) (9.590) (500.478) Murabahah financing
Pembiayaan musyarakah Musyarakah
mutanaqisah (15.208) (21.010) (8.187) (2.956) (41.962) (11.211) (49.449) (1.359) (151.342) mutanaqisah financing
Sewa pembiayaan (39.748) (3.772) (7.043) (6.867) (15.451) (7.357) (17.964) (819) (99.021) Finance leases
Aset 7.988.687 2.224.234 2.511.463 2.123.020 8.178.415 3.210.776 7.206.209 2.142.972 35.585.776 Assets
Liabilitas 5.474.770 1.344.608 1.733.927 1.462.317 4.662.670 1.692.032 3.105.048 1.439.981 20.915.353 Liabilities
*Tidak diaudit *Unaudited
151
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PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
48. SEGMEN OPERASI (lanjutan) 48. OPERATING SEGMENT (continued)
Berikut adalah informasi yang berkaitan dengan segmen usaha utama The following tables present information concerning the main segments based on
berdasarkan wilayah geografis: (lanjutan) geographic area: (continued)
2024
Disajikan kembali/Restated *) -
Bali dan
Nusa Tenggara/
Jabodetabekser/ Jawa Barat/ Jawa Tengah/ Jawa Timur/ Sumatera/ Kalimantan/ Sulawesi/ Bali and Jumlah/
Jabodetabekser
- West Java
- Central Java
- East Java
- Sumatera
- Kalimantan
- Sulawesi- Nusa Tenggara
- Total -
Pendapatan pembiayaan
konsumen 1.781.869 643.271 503.901 439.183 1.397.044 731.008 1.212.249 447.022 7.155.547 Consumer financing income
Marjin murabahah 251.527 140.734 128.280 129.723 557.306 117.501 588.489 25.332 1.938.892 Murabahah margin
Bagi hasil musyarakah Musyarakah mutanaqisah
mutanaqisah 18.242 41.670 24.797 10.274 102.385 28.562 118.323 5.857 350.110 profit distribution
Pendapatan sewa
pembiayaan 136.555 8.282 15.914 9.227 61.102 15.134 18.505 1.736 266.455 Finance leases income
Beban bunga dan Interest expenses and
keuangan (354.481) (99.335) (102.252) (99.062) (299.962) (116.919) (260.390) (78.612) (1.411.013) financing charges
Bagi hasil sukuk Revenue sharing for
mudharabah (12.766) (8.067) (6.189) (5.489) (23.887) (4.272) (30.990) (1.111) (92.771) mudharabah bonds
Beban penyusutan (2.350) (2.698) (1.337) (1.070) (2.029) (1.138) (10.594) (661) (21.877) Depreciation expenses
Laba tahun berjalan 853.936 265.881 221.454 141.059 662.469 307.776 544.233 220.039 3.216.847 Income for the year
Penyisihan kerugian Provision for
penurunan nilai impairment losses
Pembiayaan konsumen (469.442) (178.941) (159.239) (128.650) (410.883) (188.694) (329.686) (81.327) (1.946.862) Consumer financing
Pembiayaan murabahah (95.286) (58.120) (40.262) (51.624) (137.086) (21.423) (148.135) (9.472) (561.408) Murabahah financing
Pembiayaan musyarakah Musyarakah
mutanaqisah (2.921) (6.672) (3.970) (1.645) (16.393) (4.573) (18.944) (938) (56.056) mutanaqisah financing
Sewa pembiayaan (14.884) (2.787) (5.145) (3.201) (12.995) (3.359) (8.459) (671) (51.501) Finance leases
Aset 8.188.102 2.471.682 2.345.642 2.207.566 7.266.381 2.850.550 7.419.693 1.863.811 34.613.427 Assets
Liabilitas 5.413.421 1.496.209 1.532.606 1.441.773 4.502.352 1.663.525 4.015.995 1.234.968 21.300.849 Liabilities
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan usaha yang dijelaskan *) The comparative information has been restated as a result of the merger as discussed in Note 1d, Note 2y
pada Catatan 1d, Catatan 2y dan Catatan 52. and Note 52.
*Tidak diaudit *Unaudited
2025 Annual Report PT Adira Dinamika Multi Finance Tbk
152
655
Page 658
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
48. SEGMEN OPERASI (lanjutan) 48. OPERATING SEGMENT (continued)
Berikut adalah rekonsiliasi laba neto, aset dan liabilitas untuk The reconciliation of net income, assets and liabilities for
segmen dilaporkan berdasarkan jenis produk: reportable segments based on product categories as follows:
2024
Disajikan kembali/
2025 - Restated *) -
Laba untuk segmen dilaporkan 3.276.407 3.151.137 Income for reportable segments
Jumlah yang tidak dialokasikan (1.731.469) (1.340.336) Unallocated amounts
Laba tahun berjalan 1.544.938
- 1.810.801
- Income for the year
Aset untuk segmen dilaporkan 35.228.391 34.444.455 Assets for reportable segments
Jumlah yang tidak dialokasikan 3.300.804 3.928.474 Unallocated amounts
Aset 38.529.195
- 38.372.929
- Assets
Liabilitas untuk segmen dilaporkan 20.991.369 21.305.007 Liabilities for reportable segments
Jumlah yang tidak dialokasikan 2.507.388 2.518.891 Unallocated amounts
Liabilitas 23.498.757
- 23.823.898
- Liabilities
Berikut adalah rekonsiliasi laba neto, aset dan liabilitas untuk The reconciliation of net income, assets and liabilities for
segmen dilaporkan berdasarkan wilayah geografis: reportable segments based on geographic area as follows:
2024
Disajikan kembali/
2025 - Restated *) -
Laba untuk segmen dilaporkan 3.245.497 3.216.847 Income for reportable segments
Jumlah yang tidak dialokasikan (1.700.559) (1.406.046) Unallocated amounts
Laba tahun berjalan 1.544.938
1 1.810.801
1 Income for the year
Aset untuk segmen dilaporkan 35.585.776 34.613.427 Assets for reportable segments
Jumlah yang tidak dialokasikan 2.943.419 3.759.502 Unallocated amounts
Aset 38.529.195
1 38.372.929
1 Assets
Liabilitas untuk segmen dilaporkan 20.915.353 21.300.849 Liabilities for reportable segments
Jumlah yang tidak dialokasikan 2.583.404 2.523.049 Unallocated amounts
Liabilitas 23.498.757
1 23.823.898
1 Liabilities
49. SALING HAPUS 49. OFFSETTING
Pada tanggal 31 Desember 2025 dan 2024, tidak terdapat As of 31 December 2025 and 2024, there is no financial
aset dan liabilitas keuangan yang saling hapus pada laporan assets and liabilities that are subject to offsetting in the
posisi keuangan. statements of financial position.
Perseroan memiliki aset dan liabilitas keuangan derivatif The Company has derivative assets and liabilities that are
yang tunduk pada perjanjian induk untuk menyelesaikan subject to enforceable master netting arrangements whereas
secara neto, dimana perjanjian antara Perseroan dan pihak the agreement between the Company and the counterparty
counterparty memperbolehkan penyelesaian neto atas aset allows for net settlement of the relevant financial assets and
dan liabilitas keuangan tersebut ketika kedua pihak memilih liabilities when both elect to settle on a net basis. Otherwise,
untuk menyelesaikan dengan dasar neto. Ketika kedua financial assets and liabilities will be settled on a gross basis.
pihak tidak memilih untuk menyelesaikan secara neto, aset However, each party to the master netting agreement will
dan liabilitas keuangan diselesaikan dengan dasar bruto, have the option to settle such amount on a net basis in the
akan tetapi masing-masing pihak dalam perjanjian induk event of default of the other party.
mempunyai opsi untuk menyelesaikan jumlah-jumlah
tersebut dengan dasar neto pada peristiwa di mana terjadi
gagal bayar salah satu pihak.
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
*Tidak diaudit *Unaudited
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Page 659
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
50. STANDAR AKUNTANSI YANG TELAH DISAHKAN 50. ACCOUNTING STANDARD ISSUED BUT NOT YET
NAMUN BELUM BERLAKU EFEKTIF EFFECTIVE
Dewan Standar Akuntansi Keuangan (DSAK) telah Financial Accounting Standards Board (DSAK) has issued
menerbitkan standar baru, amandemen dan interpretasi the following new standards, amendments and
berikut, namun belum berlaku efektif untuk tahun buku yang interpretations, but not yet effective for the financial year
dimulai pada 1 Januari 2025 sebagai berikut: beginning 1 January 2025 as follows:
• Amandemen dan Penyesuaian Tahunan PSAK 109 • Amendment to and Annual Improvement SFAS 109
"Instrumen Keuangan" “Financial Instruments”
• Amandemen dan Penyesuaian Tahunan PSAK 107 • Amendment to and Annual Improvement SFAS 107
"Instrumen Keuangan: Pengungkapan" “Financial Instruments: Disclosure”
• Penyesuaian Tahunan PSAK 110 "Laporan • Annual Improvement SFAS 110 “Consolidated Financial
Keuangan Konsolidasian" Statements”
• Penyesuaian Tahunan PSAK 207 "Laporan Arus • Annual Improvement SFAS 207 “Statement of Cash
Kas" Flows”
• Amandemen PSAK 338 "Kombinasi Bisnis Entitas • Amendment of SFAS 338 "Business Combination of
Sepengendali" Entities Under Common Control"
Standar tersebut telah berlaku efektif pada 1 Januari 2026. The above standards has been effective on 1 January 2026.
• PSAK 413 "Penurunan Nilai" • SFAS 413 "Impairment Losses"
• PSAK 118 "Penyajian dan Pengungkapan dalam • SFAS 118 "Presentation and Disclosure in Financial
Laporan Keuangan" Statements"
• PSAK 119 "Entitas Anak Tanpa Akuntabilitas Publik: • SFAS 119 "Subsidiaries without Public Accountability:
Pengungkapan" Disclosures"
• PSAK 401 "Penyajian dan Pengungkapan dalam • SFAS 401 "Presentation and Disclosure in Sharia
Laporan Keuangan Syariah" Financial Statements"
Standar tersebut akan berlaku efektif pada 1 Januari 2027. The above standards will be effective on 1 January 2027.
Pada saat penerbitan laporan keuangan Perseroan masih As at the authorisation date of these financial statements, the
mengevaluasi dampak yang mungkin timbul dari penerapan Company is still evaluating the potential impact of these new
standar baru dan revisi tersebut pada laporan keuangan and revised standards to the Company’s financial
Perseroan. statements.
51. PERISTIWA SETELAH TANGGAL NERACA 51. SUBSEQUENT EVENTS
Rapat Umum Pemegang Saham Luar Biasa (RUPSLB) Extraordinary General Meeting of Shareholders (EGMS)
Pada tanggal 27 Januari 2026, Perseroan On 27 January 2026, the Company held an EGMS to decide
menyelenggarakan RUPSLB untuk menetapkan dan and approve, among others, the following matters:
menyetujui beberapa hal, diantaranya sebagai berikut:
- Penyesuaian Pasal 3 Anggaran Dasar Perseroan dalam - Amendment to Article 3 of the Company’s Articles of
rangka penyelarasan dan pemenuhan ketentuan Association to align with and comply with Regulation of
Peraturan Badan Pusat Statistik Nomor 7 Tahun 2025 the Central Statistics Agency No. 7 Year 2025 concerning
tentang Klasifikasi Baku Lapangan Usaha Indonesia. the Indonesian Standard Industrial Classification.
- Pengunduran diri Harry Latif selaku Direktur Perseroan. - Resignation of Harry Latif as Director of the Company.
Rencana Penawaran Umum dan Penerbitan Obligasi Planned Public Offering and Issuance of Bonds and
dan Sukuk Mudharabah Mudharabah Bonds
Perseroan akan melaksanakan penawaran umum dan The Company plans to conduct a public offering and
penerbitan Obligasi Berkelanjutan VII Adira Finance Tahap issuance of Adira Finance Continuing Bonds VII Phase III
III Tahun 2026 dan Sukuk Mudharabah Berkelanjutan VI Year 2026 and Adira Finance Continuing Mudharabah
Adira Finance Tahap III Tahun 2026 dengan jumlah pokok Bonds VI Phase III Year 2026, with principal amounts of
masing-masing sebesar Rp2.000.000.000.000 dan Rp2,000,000,000,000 and Rp500,000,000,000 (full amount),
Rp500.000.000.000 (nilai penuh), yang diperkirakan akan respectively, which are expected to be completed by the end
of February 2026.
diselesaikan pada akhir Februari 2026.
*Tidak diaudit *Unaudited
154
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PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
52. PENYAJIAN KEMBALI LAPORAN KEUANGAN 52. RESTATEMENT OF FINANCIAL STATEMENTS
Laporan keuangan pada tanggal dan untuk tahun berakhir The financial statements as of and for the year ended 31
pada tanggal 31 Desember 2024 telah disajikan kembali December 2024 have been restated to reflect the merger of
untuk mencerminkan dampak penggabungan usaha MFIN MFIN into ADMF (see Note 1d) under pooling of interest
ke dalam ADMF (lihat catatan 1d) dengan metode method, for which the financial statements for the
penyatuan kepemilikan, dimana laporan keuangan untuk comparative period are restated retrospectively as if the
periode komparatif disajikan kembali secara retrospektif merger had occurred from the date MFIN became under
seolah-olah penggabungan usaha telah terjadi sejak common control with the Company, i.e. since 1 April 2024.
tanggal MFIN berada dalam satu pengendalian dengan
Perseroan, yaitu sejak 1 April 2024.
31 Desember/December 2024
Sebelum
penyajian
kembali/Before
restatement Penyajian kembali/Restatement
PT Adira
Dinamika PT Mandala Setelah penyajian
Multi Multifinance Penyesuaian/ kembali/After
Laporan Posisi Keuangan Finance Tbk- Tbk - Adjustment
- restatement - Statement of Financial Positions
ASET ASSETS
Kas dan setara kas Cash and cash equivalents
Kas 117.502 34.512 - 152.014 Cash on hand
Kas di bank Cash in banks
Pihak ketiga 580.860 269.099 - 849.959 Third parties
Pihak berelasi 855.496 101.750 - 957.246 Related parties
Piutang pembiayaan konsumen Consumer financing receivables
- neto - net
Pihak ketiga 20.143.154 3.771.510 - 23.914.664 Third parties
Pihak berelasi 6.972 - - 6.972 Related parties
Piutang pembiayaan murabahah Murabahah financing receivables
- neto - net
Pihak ketiga 5.551.137 966.762 - 6.517.899 Third parties
Pihak berelasi 785 - - 785 Related parties
Piutang pembiayaan musyarakah Musyarakah mutanaqisah financing
mutanaqisah - neto - 1.151.408 - 1.151.408 receivables - net
Piutang sewa pembiayaan - neto 2.235.399 - - 2.235.399 Finance lease receivables - net
Beban dibayar dimuka Prepaid expenses
Pihak ketiga 158.137 20.164 - 178.301 Third parties
Pihak berelasi 44.053 134 - 44.187 Related parties
Piutang lain-lain - neto Other receivables - net
Pihak ketiga 121.381 18.464 - 139.845 Third parties
Pihak berelasi 54.239 - - 54.239 Related parties
Aset derivatif 62.806 8.263 - 71.069 Derivative assets
Pajak dibayar dimuka 73.809 - - 73.809 Prepaid tax
Investasi dalam saham, Investment in shares,
pihak berelasi 396.870 - - 396.870 related party
Investasi pada entitas asosiasi 901.143 - (901.143) - Investment in associate
Aset tetap - neto 287.222 176.712 - 463.934 Fixed assets - net
Aset hak guna - neto 263.534 31.204 - 294.738 Right-of-use assets - net
Aset tak berwujud - neto 295.046 50.277 - 345.323 Intangible assets - net
Aset pajak tangguhan 397.545 81.566 - 479.111 Deferred tax assets
Aset lain-lain 41.101 4.056 - 45.157 Other assets
TOTAL ASET 32.588.191 6.685.881 (901.143) 38.372.929 TOTAL ASSETS
- - - -
*Tidak diaudit *Unaudited
155
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PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
52. PENYAJIAN KEMBALI LAPORAN KEUANGAN 52. RESTATEMENT OF FINANCIAL STATEMENTS
(lanjutan) (continued)
31 Desember/December 2024
Sebelum
penyajian
kembali/Before
restatement Penyajian kembali/Restatement
PT Adira
Dinamika PT Mandala Setelah penyajian
Multi Multifinance Penyesuaian/ kembali/After
Finance Tbk- Tbk - Adjustment
- restatement -
LIABILITAS LIABILITIES
Pinjaman yang diterima Borrowings
Pihak ketiga 4.849.352 1.922.756 - 6.772.108 Third parties
Pihak berelasi 5.816.114 50.000 - 5.866.114 Related parties
Beban yang masih harus dibayar Accrued expenses
Pihak ketiga 545.950 46.324 - 592.274 Third parties
Pihak berelasi 91.774 10 - 91.784 Related parties
Utang obligasi - neto Bonds payable - net
Pihak ketiga 6.191.030 - - 6.191.030 Third parties
Pihak berelasi 186.800 - - 186.800 Related parties
Utang lain-lain Other payables
Pihak ketiga 525.405 164.055 - 689.460 Third parties
Pihak berelasi 709.823 5.372 - 715.195 Related parties
Liabilitas sewa 137.978 - - 137.978 Lease liabilities
Utang pajak 136.152 108.937 - 245.089 Taxes payable
Liabilitas derivatif 75.416 - - 75.416 Derivative liabilities
Liabilitas imbalan kerja 934.823 97.497 - 1.032.320 Employement benefit liabilities
Sukuk mudharabah Mudharabah bonds
Pihak ketiga 801.830 396.500 - 1.198.330 Third parties
Pihak berelasi 30.000 - - 30.000 Related party
TOTAL LIABILITAS 21.032.447 2.791.451 - 23.823.898 TOTAL LIABILITIES
EKUITAS EQUITY
Share capital - par value Rp100
Modal saham - nilai nominal Rp100 (full amount) per share
(nilai penuh) per saham Authorised capital -
Modal dasar 4.000.000.000 saham 4,000,000,000 shares
Modal ditempatkan dan disetor Issued and fully paid -
penuh 1.000.000.000 saham 100.000 133.844 (133.844) 100.000 1,000,000,000 shares
Tambahan modal disetor 6.750 143.485 (143.485) 6.750 Additional paid-in capital
Ekuitas merging entity - - 2.993.287 2.993.287 Equity merging entity
Saldo laba Retained earnings
Telah ditentukan penggunaannya 242.578 26.500 (26.500) 242.578 Appropriated
Belum ditentukan penggunaannya 11.208.198 3.590.601 (3.590.601) 11.208.198 Unappropriated
Perubahan nilai wajar atas Changes in fair value on
investasi dalam saham investment in shares
yang diukur melalui pada nilai wajar measured at fair value through
penghasilan komprehensif lain 9.588 - - 9.588 other comprehensive income
Kerugian kumulatif atas instrumen Cumulative losses on derivative
derivatif untuk lindung nilai instrument for cash flows
arus kas - neto (11.370) - - (11.370) hedges - net
EKUITAS - NETO 11.555.744 3.894.430 (901.143) 14.549.031 EQUITY - NET
TOTAL LIABILITAS DAN TOTAL LIABILITIES AND
EKUITAS 32.588.191
- 6.685.881
- (901.143)
- 38.372.929
- EQUITY
*Tidak diaudit *Unaudited
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PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2025 dan 2024, as of 31 December 2025 and 2024,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
52. PENYAJIAN KEMBALI LAPORAN KEUANGAN 52. RESTATEMENT OF FINANCIAL STATEMENTS
(lanjutan) (continued)
31 Desember/December 2024
Sebelum
penyajian
kembali/
Before
restatement Penyajian kembali/Restatement
Setelah
PT Adira penyajian
Dinamika PT Mandala kembali/
Laporan Laba Rugi dan Multi Multifinance Penyesuaian/ After Statement of Profit or Loss and
Penghasilan Komprehensif Lain Finance Tbk- Tbk - Adjustment- restatement- Other Comprehensive Income
PENDAPATAN INCOME
Pembiayaan konsumen 6.190.857 964.690 - 7.155.547 Consumer financing
Marjin murabahah 1.561.549 377.343 - 1.938.892 Murabahah margin
Bagi hasil musyarakah mutanaqisah - 350.110 - 350.110 Musyarakah mutanaqisah profit distribution
Sewa pembiayaan 266.455 - - 266.455 Finance leases
Lain-lain 1.950.909 125.964 - 2.076.873 Others
Bagian laba bersih entitas asosiasi 20.110 - (20.110) - Share in net income of associate
TOTAL PENDAPATAN 9.989.880 1.818.107 (20.110) 11.787.877 TOTAL INCOME
BEBAN EXPENSES
Gaji dan tunjangan (2.485.620) (422.408) - (2.908.028) Salaries and benefits
Beban bunga dan keuangan (1.294.011) (128.415) - (1.422.426) Interest expense and financing charges
Penyisihan kerugian penurunan nilai Provision for impairment losses
Pembiayaan konsumen (1.659.412) (287.450) - (1.946.862) Consumer financing
Pembiayaan murabahah (514.803) (46.605) - (561.408) Murabahah financing
Pembiayaan musyarakah mutanaqisah - (56.056) - (56.056) Musyarakah mutanaqisah financing
Sewa pembiayaan (51.501) - - (51.501) Finance leases
Umum dan administrasi (1.541.136) (232.714) - (1.773.850) General and administrative
Pemasaran (624.993) (46.998) - (671.991) Marketing
Bagi hasil sukuk mudharabah (61.575) (31.196) - (92.771) Revenue sharing for mudharabah bonds
Lain-lain (4.513) (12.099) - (16.612) Others
TOTAL BEBAN (8.237.564) (1.263.941) - (9.501.505) TOTAL EXPENSES
LABA SEBELUM BEBAN INCOME BEFORE INCOME
PAJAK PENGHASILAN 1.752.316 554.166 (20.110) 2.286.372 TAX EXPENSE
Beban pajak penghasilan (345.634) (129.937) - (475.571) Income tax expense
LABA TAHUN BERJALAN 1.406.682 424.229 (20.110) 1.810.801 NET INCOME FOR THE YEAR
PENGHASILAN KOMPREHENSIF LAIN OTHER COMPREHENSIVE INCOME
Pos yang tidak akan direklasifikasi Items that will not be reclassified
ke laba rugi to profit or loss
Perubahan nilai wajar atas investasi dalam Changes in fair value on investment
saham yang diukur pada nilai wajar in shares measured at fair value
melalui penghasilan komprehensif lain 12.292 - - 12.292 through other comprehensive income
Pengukuran kembali atas program Remeasurement of post-
imbalan pasca-kerja 9.910 (17.664) - (7.754) employment benefit
Pajak penghasilan terkait Income tax relating to
penghasilan komprehensif lain yang other comprehensive income that
tidak akan direklasifikasi ke laba rugi (2.704) - - (2.704) will not be reclassified to profit or loss
Pos yang akan direklasifikasi Items that will be reclassified
ke laba rugi to profit or loss
Effective portion of the fair value change of
Bagian efektif atas perubahan nilai wajar the derivative instrument -
instrumen derivatif - lindung nilai arus kas cash flow hedge
Pajak penghasilan terkait (13.618) - - (13.618) Income tax relating to other
penghasilan komprehensif lain yang comprehensive income that will
akan direklasifikasi ke laba rugi 2.996 - - 2.996 be reclassified to profit or loss
KERUGIAN KOMPREHENSIF LAIN - OTHER COMPREHENSIVE LOSSES -
SETELAH PAJAK 8.876 (17.664) - (8.788) NET OF TAX
TOTAL PENGHASILAN KOMPREHENSIF TOTAL COMPREHENSIVE INCOME
TAHUN BERJALAN 1.415.558
1 406.565
1 (20.110)
1 1.802.013
1 FOR THE YEAR
LABA PER SAHAM - DASAR EARNINGS PER SHARE - BASIC
(dinyatakan dalam nilai Rupiah penuh) 1.407
1 1.538
1 (expressed in full amount of Rupiah)
*Tidak diaudit *Unaudited
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PT ADIRA DINAMIKA MULTI FINANCE Tbk
INFORMASI KEUANGAN TAMBAHAN SUPPLEMENTARY FINANCIAL INFORMATION
(TIDAK DIAUDIT) (UNAUDITED)
31 Desember 2025 dan 2024 31 December 2025 and 2024
RASIO - RASIO KEUANGAN OTORITAS JASA FINANCIAL RATIOS OF FINANCIAL SERVICES
KEUANGAN AUTHORITY
Berdasarkan POJK No. 35/POJK.05/2018 tertanggal Based on POJK No. 35/POJK.05/2018 dated 27 December
27 Desember 2018 tentang Penyelenggaraan Usaha 2018 regarding Business Operations of Financing Company, as
Perusahaan Pembiayaan, sebagaimana telah diubah terakhir lastly amended by POJK No. 46 Year 2024 regarding the
dengan POJK No. 46 Tahun 2024 tentang Pengembangan Dan Development and Strengthening of Financing Companies,
Penguatan Perusahaan Pembiayaan, Perusahaan Pembiayaan Infrastructure Financing Companies, and Venture Capital
Infrastruktur, dan Perusahaan Modal Ventura, Perseroan Companies, the Company is required to comply with several
diharuskan untuk memenuhi sejumlah rasio keuangan tertentu. financial ratios. These ratios have been prepared by the
Rasio-rasio ini dibuat oleh Perseroan berdasarkan formula Company based on the formula as prescribed in the OJK
sebagaimana ditentukan dalam peraturan OJK untuk tujuan regulation for regulatory compliance purposes, where such
kepatuhan terhadap peraturan, dimana rasio tersebut dapat ratios might differ had the ratios been computed based on
berbeda jika rasio tersebut dihitung berdasarkan standar Indonesian financial accounting standards.
akuntansi keuangan Indonesia.
Berikut ini adalah rasio-rasio keuangan berdasarkan Peraturan The following are the financial ratios based on OJK Regulation:
OJK:
2024
Disajikan kembali/
2025 Restated *)
Financing to asset ratio 91,21% 88,15% Financing to asset ratio
Rasio saldo piutang pembiayaan neto terhadap
total pendanaan yang diterima 174,63% 167,09% Net financing receivables to funding ratio
Rasio saldo piutang pembiayaan untuk
pembiayaan investasi dan modal kerja
dibandingkan dengan total saldo piutang Financing receivables for investment and working
pembiayaan 26,81% 23,80% capital financing to total financing receivables ratio
Rasio piutang pembiayaan bermasalah (NPF) 0,25% 0,35% Non-performing financing (NPF) ratio
Rasio permodalan 51,30% 49,42% Capital ratio
Gearing ratio 1,38 x 1,43 x Gearing ratio
Rasio ekuitas terhadap modal disetor 12.162% 14.549% Equity to paid up capital ratio
PENGUNGKAPAN KOLEKTIBILITAS INFORMATION ON COLLECTABILITY
a. Piutang pembiayaan konsumen a. Consumer financing receivables
Pengelompokan piutang pembiayaan konsumen bruto The breakdown of gross consumer financing receivables
menurut jumlah hari tunggakan adalah sebagai berikut: based on overdue days are as follows:
2024
Disajikan kembali/
2025 - Restated *) -
Lancar (0-10 hari) 52.533.692 46.629.564 Current (0-10 days)
Dalam perhatian khusus (11-90 hari) 6.939.376 11.250.673 Special mention (11-90 days)
Kurang lancar (91-120 hari) 360.157 405.707 Substandard (91-120 days)
Diragukan (121-180 hari) 622.046 753.212 Doubtful (121-180 days)
Piutang pembiayaan konsumen - bruto - 60.455.271 - 59.039.156 Consumer financing receivables - gross
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
*Tidak diaudit *Unaudited
158
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 661
Page 664
PT ADIRA DINAMIKA MULTI FINANCE Tbk
INFORMASI KEUANGAN TAMBAHAN SUPPLEMENTARY FINANCIAL INFORMATION
(TIDAK DIAUDIT) (UNAUDITED)
31 Desember 2025 dan 2024 31 December 2025 and 2024
PENGUNGKAPAN KOLEKTIBILITAS (lanjutan) INFORMATION ON COLLECTIBILITY (continued)
b. Piutang pembiayaan murabahah b. Murabahah financing receivables
Pengelompokan piutang pembiayaan murabahah bruto The breakdown of gross murabahah financing receivables
menurut jumlah hari tunggakan adalah sebagai berikut: based on overdue days are as follows:
2024
Disajikan kembali/
2025 - Restated *) -
Lancar (0-10 hari) 13.962.461 13.329.681 Current (0-10 days)
Dalam perhatian khusus (11-90 hari) 2.137.879 3.310.315 Special mention (11-90 days)
Kurang lancar (91-120 hari) 86.056 120.552 Substandard (91-120 days)
Diragukan (121-180 hari) 166.396 217.759 Doubtful (121-180 days)
Piutang pembiayaan murabahah - bruto - 16.352.792 - 16.978.307 Murabahah financing receivables - gross
c. Piutang pembiayaan musyarakah mutanaqisah c. Musyarakah mutanaqisah financing receivables
Pengelompokan piutang pembiayaan musyarakah The breakdown of gross musyarakah mutanaqisah
mutanaqisah bruto menurut jumlah hari tunggakan adalah financing receivables based on overdue days are as
sebagai berikut: follows:
2024
Disajikan kembali/
2025 - Restated *) -
Lancar (0-10 hari) 846.160 1.288.187 Current (0-10 days)
Dalam perhatian khusus (11-90 hari) 127.532 179.165 Special mention (11-90 days)
Kurang lancar (91-120 hari) 14.750 16.820 Substandard (91-120 days)
Diragukan (121-180 hari) 27.235 25.313 Doubtful (121-180 days)
Piutang pembiayaan murabahah - bruto - 1.015.677 - 1.509.485 Murabahah financing receivables - gross
d. Piutang sewa pembiayaan d. Finance lease receivables
Pengelompokan piutang sewa pembiayaan bruto menurut The breakdown of gross finance lease receivables based
jumlah hari tunggakan adalah sebagai berikut: on overdue days are as follows:
2024
Disajikan kembali/
2025 - Restated *) -
Lancar (0-10 hari) 3.111.949 2.235.633 Current (0-10 days)
Dalam perhatian khusus (11-90 hari) 301.297 265.659 Special mention (11-90 days)
Kurang lancar (91-120 hari) 7.214 3.315 Substandard (91-120 days)
Diragukan (121-180 hari) 12.408 6.039 Doubtful (121-180 days)
Piutang sewa pembiayaan - bruto - 3.432.868 - 2.510.646 Finance lease receivables - gross
*) Informasi komparatif telah disajikan kembali akibat dari penggabungan *) The comparative information has been restated as a result of the merger
usaha yang dijelaskan pada Catatan 1d, Catatan 2y dan Catatan 52. as discussed in Note 1d, Note 2y and Note 52.
*Tidak diaudit *Unaudited
159
662 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 665
LIST OF DISCLOSURE BASED ON
POJK NO.51/POJK.03/2017 & GRI CONTENT INDEX
WITH REFERENCE [SEOJK G.4]
No. Index Name of Index Pages
Sustainability Strategy
A.1 Explanation on Sustainability Strategies 401
Overview of Sustainability Aspects Performance
B.1 Economy Aspects 23
B.2 Environmental Aspects 23
B.3 Social Aspects 23
Company Profile
C.1 Vission, Mission, Sustainable Values 74-75
[2-6]
C.2 Company Address 63; 408; 410
[2-1]
[2-3]
C.3 Business Scale: 63; 77; 122; 134; 170; 408; 421
[2-1] a. Total assets or assets capitalizationm and total liabilities;
[2-7] b. Total employee based on gender, position, age, education and employment status;
[2-8] c. Percentage of share ownership; and
d. Operational area.
C.4 Product, Service and Business Activities 63; 70
[2-1]
[2-6]
C.5 Member Association 71
[2-28]
C.6 Significant Changes 408; 410
[2-2]
[2-4]
Director Explanation
D.1 Director Explanation 35-40; 45-55; 401
[2-22]
Sustainable Corporate Governance
E.1 Person in Charge Responsibility for Sustainable Finance 58-59; 251; 399; 400; 401; 403
[2-14]
E.2 Sustainable Finance Competency Development 252; 401
[2-17]
E.3 Sustainable Finance Risk Assessment Implementation 346
[2-18]
E.4 Stakeholders Relations 405-406
[2-29]
E.5 Sustainable Finance Implementation Problems 430
[2-25]
GENERAL STANDARD DISCLOSURE 2021 [ Governance]
2-9 Governance Structure and Composition 227; 272
2-10 Nomination and selection of the highest governance body 287
2-11 Chair of the highest governance body 288
2-12 Role of the highest governance body in overseeing the management of impacts. 399; 400
2-13 Delegation of responsibility for managing impacts 400
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 663
Page 666
No. Index Name of Index Pages
2-15 Conflicts of interest 345
2-16 Communication of critical concerns 370
2-19 Remuneration policies 290
2-20 Process to determine remuneration 291
2-21 Annual total compensation ratio. 292
GENERAL STANDARD DISCLOSURE 2021 [Strategy, policies and practices]
2-23 Policy commitments 401
2-24 Embedding policy commitments. 401
2-26 Mechanisms for seeking advice and raising concerns. 372
2-27 Compliance with laws and regulations 345
Sustainable Performance
F.1 The Activities of Building a Culture of Sustainability 402-403
GRI 3: Material Topics 2021
3-1 Process to determine material topics 402-403; 404; 408
3-2 List of material topics 402-403; 404; 409
Economic Performance
F.2 Comparison of Production Targets and Performance, Portfolio, Financial Targets, or 13
Investment, Revenue and Profit
F.3 Comparison of Portfolio Targets and Performance, Financing Targets, or Investments 15; 419
in Financial Instruments or Projects in Line With the Implementation of Sustainable
Finance
GRI 3: Material Topics 2021
3-3 Management of material topics 409
GRI 201: Economic Performance 2016
201-1 Direct Economic Value Generated and Distributed 216
GRI 3: Material Topics 2021
3-3 Pengelolaan topik-topik material | Management of material topics 409
GRI 203: Indirect Economic Impact 2016
203-2 Significant Indirect Economic Impacts 413
Environmental Performance
F.4 Environment Cost Incurred 435
Material Aspect
F.5 Use of Environmentally Friendly Materials 432
Aspek Energi
F.6 The Amount and Intensity of Energy Used 433
F.7 Efforts and Achievement of Energy Efficiency Including Use of Renewable Energy 433
Sources
GRI 3: Material Topics 2021
3-3 Management of material topics 409; 429
GRI 302: Energy 2016
Energy Consumption Within the Organization 433
302-1
Water Aspect
F.8 Water Used 432
Biodiversity Aspect
F.9 Impacts from Operational Areas Close to or in Conservation Areas or Having Biodiversity No impacts related to
conservation areas or
biodiversity from the
Company’s operations.
664 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 667
No. Index Name of Index Pages
F.10 Biodiversity Conservation Efforts 430
Emission Aspect
F.11 The Amount and Intensity of Emissions Produced by Type 433
F.12 Efforts and Achievement Emission Reduction Carried Out 434
GRI 3: Material Topics 2021
3-3 Management of material topics 409
GRI 305: Emission 2016
305-1 Direct GHG Emissions (Scope1) 433
Waste and Effluent Aspect
F.13 The Amount of Waste and Effluent Produced by Type Waste is managed by
a third party, and the
Company does not
calculate the volume.
F.14 Mechanism of Waste and Effluent Management 432
F.15 Spills that Occur (if any) Not applicable to the
Company’s business
activities.
Environmental Complaint Aspect
F.16 The Amount and Material of Environmental Complaints Received and Resolved No complaints regarding
environmental issues
Social Aspect
F.17 Commitment to Provide Services for Equivalent Products and/or Services to Consumers 436
Employment Aspect
F.18 Equality of Employment Opportunities 177
F.19 Child Labor and Forced Labor 422
F.20 The Regional Minimum Wage 178
F.21 Decent and Safe Working Environment 176; 420
F.22 Training and Capacity Building of Employees 123; 137; 172; 174; 423
[404-2]
GRI 3: Material Topics 2021
3-3 Management of material topics 168-170; 178
GRI 401: Employment 2016
401-1 New Employee Hires and Employee Turnover 171; 176; 422; 423
401-2 Benefits Provided to Full-time Employees That Are Not Provided to Temporary or Part- 172; 177; 425
Time Employees
403-1 Occupational Health and Safety Management System 420
403-5 Worker Training On Occupational Health and Safety 425
403-6 Promotion of Worker Health 426
403-9 Work-related injuries 427
404-1 Average hours of training per year per employee 423; 426
Society Aspect
F.23 Operational Impacts to the Surrounding Community 411
F.24 Public Complaints 412
F.25 Environmental and Social Responsibility Activities 411
[413-1]
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 665
Page 668
No. Index Name of Index Pages
Responsibilities for Developing Sustainable Products/Services
F.26 Innovation and Development of Sustainable Financial Products and/or Services 159
F.27 Products/Services that have been Evaluated for Safety for Customers 361
F.28 Products/Service Impacts 440
F.29 Number of Products Recalled 440
F.30 Customer Satisfaction Survey of Sustainable Finance and/or Services 438
Others
G.1 Written Verification from an Independent Party (if any) 408
[2-5]
G.2 Feedback Form 667
G.3 Feedback on Previous Year’s Sustainability Report There is no feedback from
previous Sustainability
Report.
G.4 Disclosure List Based on POJK No.51/POJK.03/2017 regarding the Implementation of 663
Sustainable Finance for Financial Services Institutions, Listed Companies and Public
Companies
666 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 669
FEEDBACK FORM [SEOJK G.2]
Thank you for your attention and appreciation on our Sustainability Report.
To improve our next report, please let us know what you think about the report by filling in the questionnaire
below, and return this feedback form to us. Your views, and critics are very much welcomed and appreciated.
No. Statements SA A SD D SD Comment
1 Laporan ini berisi/mengandung
informasi yang bermanfaat
mengenai komitmen Adira Finance
dan kebijakannya
2 Laporan ini menyediakan suatu
gambaran/summary mengenai
kinerja Adira Finance yang
sejalan dengan usaha pencapaian
sustainable development
3 Laporan ini mudah dimengerti
4 Informasi pada Laporan ini cukup
lengkap (detail)
5 Laporan ini layak/dapat
dipertanggung jawabkan
SA: Strongly Agree A: Agree SD: Somewhat Disagree D: Disagree SD: Strongly Disagree
Most interested information is (are) Least interested information is (are)
a.
b.
c.
Comments on content, design, layout, etc. Any additional comments
a.
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c.
2025 Annual Report PT Adira Dinamika Multi Finance Tbk 667
Page 670
YOUR PROFILE
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PT Adira Dinamika Multi Finance Tbk
Gedung Millennium Centennial Center, Lantai 53-61
Jl. Jend. Sudirman Kav. 25,
Jakarta Selatan 12920, Indonesia
Tel. : (62-21) 3973-3322/3232
Faks. : (62-21) 3973-4949
E-mail : af.corsec@adira.co.id
Website : www.adira.co.id
668 2025 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 671
Page 672
ANNUAL REPORT 2025 EMPOWERING GROWTH THROUGH INTEGRATION PT Adira Dinamika Multi Finance Tbk Gedung Millenium Centennial Center, 53nd, 56th-61st Floor Jl. Jend. Sudirman Kav. 25, Jakarta Selatan 12920 Indonesia Phone : (62-21) 3973-3322/3232, Facsimile : (62-21) 3973-4949 E-mail : af.corsec@adira.co.id Website : www.adira.co.id
Names mentioned 85 people and organisations named in the text · linked when the evidence is strong
unresolved
org
Financial Services Authority
p.17 ×9
unresolved
org
Indonesia Stock Exchange
p.19 ×4
unresolved
org
Yayasan Dokter Peduli
p.27
unresolved
person
dr. Lie A. Dharmawan III
p.27
unresolved
org
PT Arthaasia Finance
p.28 ×2
unresolved
person
CEO
· Direktur
p.30
unresolved
org
PT Infovesta Utama
p.30
unresolved
person
Dr. David Sutyanto
p.30 ×2
unresolved
org
PT Arthaasia
p.38
unresolved
org
Adira Finance. Mr. Eng Heng Nee Philip
· Commissioner
p.42
unresolved
org
PT Arthaasia Finance’s
p.48
unresolved
org
Management Discussion Finance Tbk
p.65
unresolved
org
Zurich Asuransi Indonesia Tbk
p.65 ×2
unresolved
person
Misahardi Wilamarta
· Notaris
p.65
unresolved
org
Minister of Justice
p.65
unresolved
org
South Jakarta District Court
p.65
unresolved
org
Bapepam
p.67 ×2
unresolved
person
Fathiah Helmi
p.68
unresolved
org
Minister of Justice and Human Rights
p.68
unresolved
org
Ministry of Law
p.69
unresolved
org
Finance Tbk.
p.69
unresolved
person
Mala Mukti
· Notaris
p.69 ×3
unresolved
org
Minister of Law
p.69 ×2
unresolved
org
Ministry of Law and Human Rights
p.69 ×2
unresolved
org
Minister of Law and Human Rights
p.69 ×2
unresolved
org
Minister of Law and Human
p.69
unresolved
org
PT Home Credit Indonesia
p.71
unresolved
org
PT Arthaasia Official Bank Partner.
p.71
unresolved
org
Adira Dinamika Denny Riza Farib Multi Finance Tbk
p.73 ×2
unresolved
person
H.P. Head
p.74
unresolved
—
Reappointed
· President Commissioner
p.81
unresolved
org
Ministry of Finance of Japan
p.81
unresolved
org
Gunawan Bonggowarsito Manggi Taruna Daisuke Ejima Indonesia Tbk
p.275
unresolved
org
PT Bank Congsin Gunadi Management Susila Habir Farib
p.275
unresolved
org
PT Home Credit Indonesia. Niko Kurniawan
p.275
unresolved
—
Congsin
p.288
unresolved
—
Honggo
p.288
unresolved
—
Swandajani
p.288
unresolved
—
Niko
p.288
unresolved
person
Partially
· Director
p.381 ×3
unresolved
org
Liana Ramon Xenia & Rekan
p.497 ×2
unresolved
person
H. Thamrin
p.497
unresolved
org
Financial Accounting Standards. Indonesia. Liana Ramon Xenia & Rekan
p.497
unresolved
org
Ministry of Finance
p.497
unresolved
org
Deloitte Southeast Asia Limited
p.497
unresolved
org
Deloitte Touche Tohmatsu Limited
p.497
unresolved
person
Prof. Dr. H. Noor Achmad
· Anggota
p.523
unresolved
person
Dr. Rini Fatma Kartika
· Anggota
p.523 ×2
unresolved
person
Restiana Ie Tjoe Linggadjaya
· Anggota
p.524 ×2
unresolved
person
Rio Erriad
· Anggota
p.524 ×2
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