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Page 1
MELAJU LEBIH TANGGUH
MOVING FORWARD WITH
GREATER RESILIENCE




                           2025
                       Laporan Tahunan
                          Annual Report
Page 2
DISCLAIMER

Penyusunan    Laporan    Tahunan      dan   Keberlanjutan   Perusahaan   The preparation of the 2025 Annual Report and Corporate Sustainability
tahun 2025 menggunakan standar yang tercantum dalam Peraturan            Report uses the standards set out in Financial Services Authority
Otoritas Jasa Keuangan No. 29/POJK.04/2016 tentang Laporan               Regulation No. 29/POJK.04/2016 concerning Annual Reports of Issuers
Tahunan Emiten atau Perusahaan Publik, serta Surat Edaran Otoritas       or Public Companies, as well as Financial Services Authority Circular
Jasa Keuangan No. 16/SEOJK.04/2021 tentang Bentuk dan Isi                Letter No. 16/SEOJK. 04/2021 concerning the Form and Content
Laporan Tahunan Emiten atau Perusahaan Publik serta Peraturan            of Annual Reports of Issuers or Public Companies and Financial
Otoritas Jasa Keuangan No. 51/POJK.03/2017 tentang Penerapan             Services Authority Regulation No. 51/POJK.03/2017 concerning
Keuangan Berkelanjutan bagi Lembaga Jasa Keuangan, Emiten, dan           the Implementation of Sustainable Finance for Financial Services
Perusahaan Publik.                                                       Institutions, Issuers, and Public Companies.

Laporan Tahunan ini memuat pernyataan kondisi keuangan, hasil            This Annual Report contains statements on the financial condition,
operasional, kebijakan, proyeksi, rencana, strategi, serta tujuan        operational results, policies, projections, plans, strategies, and
Perusahaan. Pernyataan- pernyataan prospektif dalam Laporan              objectives of the Company. The forward-looking statements in this
Tahunan ini dibuat berdasarkan berbagai asumsi mengenai kondisi          Annual Report are based on various assumptions regarding current and
terkini dan kondisi mendatang serta lingkungan di mana PT Hasnur         future conditions and the environment in which PT Hasnur Internasional
Internasional Shipping Tbk menjalankan kegiatan usaha.                   Shipping Tbk conducts its business activities.

Data   keuangan   yang    disajikan    pada   Laporan    Tahunan   dan   The financial data presented in this Annual and Sustainability Report is
Keberlanjutan ini merupakan data konsolidasian yang melibatkan           consolidated data involving all entities under the Company.
seluruh entitas yang berada di bawah Perusahaan.

Laporan Tahunan dan Keberlanjutan ini memuat            kata “HIS” dan   This Annual and Sustainability Report contains the terms “HIS” and
“Perseroan” yang merupakan definisi           PT Hasnur Internasional    “the Company,” which refer to PT Hasnur Internasional Shipping Tbk.
Shipping Tbk. Laporan ini disajikan dalam dua bahasa yaitu Bahasa        This report is presented in two languages, Indonesian and English. The
Indonesia dan Inggris. Laporan Tahunan dan Keberlanjutan dapat           Annual and Sustainability Report can be viewed and downloaded on the
dilihat dan diunduh di situs web resmi Perseroan yaitu www.pthis.id.     Company's official website, www.pthis.id.
Page 3
More Than
Just Shipping
Page 4
Penjelasan Tema
Theme Explanation




Melaju Lebih Tangguh
Moving Forward with Greater Resilience

Tahun 2025 merupakan periode yang menantang                 The year 2025 represents a challenging and pivotal
sekaligus menentukan bagi industri pelayaran dan            period for the shipping and maritime logistics industry,
logistik laut, seiring dinamika pasar komoditas global,     amid ongoing volatility in the global commodity market,
fluktuasi harga batu bara, serta tekanan pada tarif sewa    fluctuations in coal prices, and sustained pressure on
armada. Dalam konteks tersebut, PT Hasnur Internasional     charter rates. In this context, PT Hasnur Internasional
Shipping Tbk mengusung tema “Melaju Lebih Tangguh”          Shipping Tbk adopts the theme “Moving Forward with
sebagai refleksi atas kemampuan Perseroan untuk tidak       Greater Resilience,” reflecting the Company’s ability not
hanya bertahan, tetapi terus bergerak maju secara terarah   only to withstand industry pressures and uncertainties,
di tengah tekanan dan ketidakpastian industri.              but also to continue advancing in a focused and
                                                            disciplined manner.

Kata “tangguh” dalam tema ini memiliki makna strategis      The term “resilience” embodied in this theme carries
dan nilai yang mendalam. Pertama, tema ini mengadopsi       strategic significance and long-term value. First, the
semangat dari tema Hari Ulang Tahun Hasnur Group,           theme draws inspiration from Hasnur Group’s anniversary
“Tangguh Bersama Menggapai Visi”, yang menegaskan           theme, “Resilient Together in Achieving Our Vision,” which
pentingnya kebersamaan, sinergi, dan keselarasan            underscores the importance of togetherness, synergy,
langkah di seluruh entitas dalam grup. Bagi Perseroan,      and alignment across all entities within the Group. For the
nilai kebersamaan tersebut menjadi fondasi utama dalam      Company, this shared sense of togetherness serves as
menjaga kesinambungan operasional dan konsistensi           a fundamental pillar in maintaining operational continuity
arah strategis.                                             and ensuring consistency in strategic direction.

Kedua, “tangguh” merepresentasikan karakter Perseroan       Second, “resilience” reflects the Company’s character
dalam menghadapi dinamika dan tekanan industri              in navigating the dynamics and cyclical pressures of
pelayaran yang bersifat siklikal. Ketangguhan tersebut      the shipping industry. This resilience is demonstrated
tercermin dalam kepemimpinan yang adaptif, disiplin         through adaptive leadership, disciplined operations, and
operasional, serta kemampuan Perseroan dalam                the Company’s ability to respond to market changes by
merespons perubahan pasar melalui penguatan efisiensi,      strengthening efficiency, optimizing fleet utilization, and
optimalisasi armada, dan pengelolaan risiko yang terukur.   implementing measured risk management. Resilience,
Ketangguhan tidak dimaknai sebagai sikap defensif,          in this context, is not viewed as a defensive stance, but
melainkan sebagai kapasitas untuk bertransformasi           rather as the capacity for continuous transformation and
secara berkelanjutan.                                       long-term value creation.

Sementara itu, kata “melaju” menegaskan orientasi           Meanwhile, the phrase “moving forward” emphasizes the
Perseroan yang tetap progresif dan berwawasan ke            Company's progressive and forward-looking orientation.
depan. Di tengah tantangan, Perseroan terus menjaga         Amid ongoing challenges, the Company continues to
momentum pertumbuhan melalui penguatan fundamental          maintain its growth momentum by strengthening the




2                                                                                     PT Hasnur Internasional Shipping Tbk
Page 5
bisnis logistik laut kargo komoditas, diversifikasi         fundamentals of the commodity cargo sea logistics
layanan dalam ekosistem maritim, serta peningkatan          business, diversifying services in the maritime ecosystem,
nilai tambah bagi pelanggan. Melaju berarti bergerak        and increasing added value for customers. “Moving
maju dengan perhitungan yang matang, strategi yang          forward” therefore signifies advancing with prudent
disiplin, dan tujuan jangka panjang yang jelas.             assessment, disciplined execution, and clearly defined
                                                            long-term objectives.

Tema ini juga mencerminkan fokus Perseroan dalam            This theme also reflects the Company's focus on
memperkuat ketahanan internal, baik dari sisi sumber        strengthening internal resilience, both in terms of
daya manusia, tata kelola perusahaan, maupun                human resources, corporate governance, and digital
kapabilitas digital dan operasional. Dengan fondasi tata    and operational capabilities. With a solid governance
kelola yang kokoh dan budaya kerja yang menjunjung          foundation and a work culture that upholds integrity and
integritas serta profesionalisme, Perseroan membangun       professionalism, the Company is building an organization
organisasi     yang    mampu      menghadapi    tekanan     that is capable of withstanding external pressures
eksternal tanpa mengorbankan prinsip kehati-hatian          without compromising the principles of prudence
dan keberlanjutan.                                          and sustainability.

Lebih dari sekadar narasi, “Melaju Lebih Tangguh”           More than just a narrative, “Moving Forward with Greater
menjadi panduan strategis dalam pengambilan keputusan       Resilience” serves as a strategic guide for decision-
sepanjang tahun 2025. Tema ini mendorong Perseroan          making throughout 2025. This theme encourages the
untuk menyeimbangkan antara efisiensi jangka pendek         Company to balance short-term efficiency and long-
dan penciptaan nilai jangka panjang, antara kehati-hatian   term value creation, as well as prudence and courage in
dan keberanian untuk menangkap peluang yang relevan         seizing opportunities that are relevant to the Company's
dengan kompetensi inti Perseroan.                           core competencies.

Dengan semangat “Melaju Lebih Tangguh”, PT Hasnur           With the spirit of “Moving Forward with Greater
Internasional Shipping Tbk menegaskan komitmennya           Resilience,” PT Hasnur Internasional Shipping Tbk
untuk terus memperkuat peran sebagai penyedia logistik      reaffirms its commitment to continue strengthening its
laut yang andal, berdaya saing, dan berkelanjutan.          role as a reliable, competitive, and sustainable maritime
Berbekal ketangguhan sebagai karakter dan arah              logistics provider. Armed with resilience as its character
yang jelas sebagai tujuan, Perseroan siap melanjutkan       and a clear direction as its goal, the Company is ready
perjalanan menuju pertumbuhan yang lebih solid dan          to continue its journey toward more solid and valuable
bernilai bagi seluruh pemangku kepentingan.                 growth for all stakeholders.




Laporan Tahunan Annual Report 2025                                                                                  3
Page 6
Daftar Isi
Contents


    Disclaimer                                                  i    Perubahan Signifikan
                                                                                                                                    69
                                                                     Significant Changes
    Penjelasan Tema
                                                                2
    Theme Explanation                                                Struktur Organisasi
                                                                                                                                    70
                                                                     Organizational Structure
    Daftar Isi
                                                                4
    Contents                                                         Profil Direksi
                                                                                                                                    72
                                                                     Board of Directors Profiles
    Ikhtisar Data Keuangan dan Operasional
                                                                7    Profil Dewan Komisaris
                                                                                                                                    77
    Financial and Operational Highlights                             Board of Commissioners Profiles

    Ikhtisar Keuangan                                                Perubahan Komposisi Direksi dan Dewan Komisaris setelah
                                                                8    Tahun Buku Berakhir
    Financial Highlights                                                                                                            81
                                                                     Changes in the Composition of the Board of Directors and
    Ikhtisar Kinerja                                                 Board of Commissioners After the end of the Financial Year
                                                                11
    Performance Highlights
                                                                     Demografi Karyawan
                                                                                                                                    81
    Ikhtisar Saham                                                   Employee Demography
                                                                14
    Stock Highlights
                                                                     Struktur dan Komposisi Pemegang Saham
                                                                                                                                    83
    Penghentian Sementara Perdagangan Saham (Suspension)             Shareholders Structure and Composition
    dan/atau Penghapusan Pencatatan Saham (Delisting)
                                                                15   Struktur Grup Perusahaan
    Temporary Suspension of Stock Trading (Suspension) and/or                                                                       84
    Delisting of Stock (Delisting)                                   Corporate Group Structure

    Aksi Korporasi                                                   Entitas Anak dan Entitas Asosiasi
                                                                15                                                                  85
    Corporate Actions                                                Subsidiaries and Associated Entities

    Penghargaan dan Sertifikasi                                      Kronologis Pencatatan Saham
                                                                16                                                                  85
    Awards and Certifications                                        Chronology of Share Registration

    Peristiwa Penting Tahun 2025                                     Kronologis Penerbitan Efek Lainnya
                                                                20                                                                  86
    Important Events of 2025                                         Chronology of Other Securities Issues

                                                                     Auditor Eksternal
    Laporan Manajemen                                                External Auditor
                                                                                                                                    86
                                                                25
    Management Report
                                                                     Lembaga dan Profesi Penunjang Pasar Modal
                                                                                                                                    87
    Laporan Direksi                                                  Capital Market Supporting Institutions and Professions
                                                                26
    Report of the Board of Directors
                                                                     Analisis dan Pembahasan Manajemen
    Laporan Dewan Komisaris                                                                                                         89
    Report from the Board of Commissioners
                                                                42   Management Discussion and Analysis
    Pernyataan Tanggung Jawab Direksi dan                            Tinjauan Ekonomi dan Industri
                                                                                                                                    90
    Dewan Komisaris atas Laporan Tahunan 2025                        Economic and Industry Overview
                                                                52
    Statement of Responsibility of the Directors and
    the Board of Commissioners for the 2025 Annual Report            Tinjauan Operasi Per Segmen Usaha
                                                                                                                                    92
                                                                     Review of Operations by Business Segment
    Profil Perusahaan                                                Tinjauan Keuangan
                                                                55                                                                  93
    Company Profile                                                  Financial Review

                                                                     Posisi Keuangan Konsolidasian
    Informasi Umum Perusahaan                                                                                                       94
                                                                56   Consolidated Financial Position
    General Company Information
                                                                     Laba (Rugi) dan Penghasilan Komprehensif Lain Konsolidasian
    Sejarah Singkat Perusahaan
                                                                58   Consolidated Statements of Profit or Loss and Other            98
    Brief History
                                                                     Comprehensive Income
    Jejak Langkah
                                                                60   Arus Kas Konsolidasian
    Milestones                                                                                                                      100
                                                                     Consolidated Statement of Cash Flows
    Visi, Misi, dan Budaya Perusahaan
                                                                64   Kemampuan Membayar Utang dan Kolektibilitas Piutang
    Vision, Mission and Corporate Culture                                                                                           101
                                                                     Solvency and Collectibility of Receivables
    Bidang Usaha
                                                                66   Struktur Modal
    Business Activities                                                                                                             103
                                                                     Capital Structure
    Keanggotaan dalam Asosiasi
                                                                67   Informasi dan Fakta Material setelah tanggal Laporan Akuntan
    Membership in Association
                                                                     Material Information and Facts After the Accounting            104
    Strategi Perusahaan                                              Report Date
                                                                68
    Company Strategy
                                                                     Ikatan Material untuk Investasi Barang Modal
                                                                                                                                    104
    Wilayah Operasional                                              Material Commitments for Capital Goods Investments
                                                                69
    Operational Areas
                                                                     Investasi Barang Modal
                                                                                                                                    104
                                                                     Capital Expenditure

                                                                     Prospek Usaha
                                                                                                                                    105
                                                                     Business Outlook




4                                                                                                      PT Hasnur Internasional Shipping Tbk
Page 7
 Aspek Promosi dan Pemasaran                                            Perkara Penting
                                                                  106                                                                     165
 Promotion and Marketing Aspects                                        Legal Matters

 Kebijakan Dividen                                                      Program Kepemilikan Saham oleh Manajemen
                                                                  107
 Dividend Policy                                                        dan/atau Karyawan                                                 165
                                                                        Management and/or Employee Stock Ownership Program
 Realisasi Dana Hasil Penawaran Umum
                                                                  109
 Realization of Funds from Public Offering                              Kebijakan Pengungkapan Informasi Lainnya
                                                                                                                                          166
                                                                        Other Information Disclosure Policies
 Informasi Material Mengenai Investasi, Ekspansi, Divestasi,
 Penggabungan/Peleburan Usaha, Akuisisi, dan Restrukturisasi            Kode Etik
                                                                                                                                          167
 Utang                                                                  Code of Conduct
                                                                  109
 Material Information Regarding Investments, Expansion,
 Divestiture, Business Mergers/Ambition, Acquisitions, and              Sistem Pelaporan Pelanggaran
                                                                                                                                          168
 Debt/Capital Restructuring                                             Whistleblowing System

 Informasi Transaksi Material yang Mengandung Benturan                  Kebijakan Antikorupsi
                                                                                                                                          170
 Kepentingan dan/atau Transaksi Dengan Pihak Afiliasi/Berelasi          Anti-Corruption Policy
                                                                  110
 Information on Material Transactions Involving Conflicts of
 Interest and/or Transactions with Affiliated/Related Parties           Penerapan Pedoman Tata Kelola Perusahaan Terbuka
                                                                                                                                          171
                                                                        Implementation of Corporate Governance Guidelines
 Perubahan Peraturan Perundang-Undangan yang
 Berdampak Signifikan                                             111   Praktik Bad Corporate Governance
                                                                                                                                          175
 Changes in Legislation That Have A Significant Impact                  Bad Corporate Governance Practices

 Perubahan Kebijakan Akuntansi
                                                                  111   Laporan Keberlanjutan
 Changes in Accounting Policies                                                                                                           177
                                                                        Sustainability Report
 Tata Kelola Perusahaan                                                 Ikhtisar Keberlanjutan
                                                                  113                                                                     178
 Good Corporate Governance                                              Sustainability Highlights

 Komitmen Perseroan dalam Penerapan GCG                                 Komitmen Keberlanjutan Hasnur Internasional Shipping
                                                                  114                                                                     179
 The Company’s Commitment to Implementing GCG                           Hasnur Internasional Shipping's Commitment to Sustainability

 Kerangka Tata Kelola                                                   Tata Kelola Keberlanjutan
                                                                  117                                                                     182
 Corporate Governance Framework                                         Sustainable Governance

 Rapat Umum Pemegang Saham (RUPS)                                       Kinerja Keberlanjutan
                                                                  120                                                                     188
 General Meeting of Shareholders (GMS)                                  Sustainability Performance

 Direksi                                                                Tanggapan terhadap Umpan Balik Laporan Keberlanjutan
                                                                  131   Tahun Sebelumnya
 Board of Directors                                                                                                                       207
                                                                        Response to Feedback on the Previous Year's Sustainability
 Dewan Komisaris                                                        Report
                                                                  135
 Board of Commissioners
                                                                        Lembar Umpan Balik
                                                                                                                                          208
 Penilaian Kinerja Dewan Komisaris dan Direksi                          Feedback Form
 Performance Evaluation of the Board of Commissioners and         141
 the Board of Directors                                                 Referensi Silang Surat Edaran Otoritas Jasa Keuangan
                                                                        No. 16/SEOJK.04/2021
                                                                                                                                          210
 Kebijakan Nominasi dan Remunerasi Dewan Komisaris                      Cross Reference to Financial Services Authority Circular Letter
 dan Direksi                                                            No. 16/SEOJK.04/2021
                                                                  142
 Nomination and Remuneration Policy of
 the Board of Commissioners and Board of Directors                      Daftar Pengungkapan Sesuai POJK 51/2017 tentang
                                                                        Penerapan Keuangan Berkelanjutan Bagi Lembaga Jasa
 Pengungkapan Hubungan Afiliasi Anggota Dewan Komisaris,                Keuangan, Emiten dan Perusahaan Publik
                                                                                                                                          223
 Direksi, dan Pemegang Saham Utama dan/atau Pengendali                  Disclosure List in Accordance with POJK 51/2017 Concerning
 Disclosure of Affiliated Relationships of Members of the Board   144   the Implementation of Sustainable Finance for Financial
 of Commissioners, Board of Directors, and Major and/or                 Services Institutions, Issuers and Public Companies
 Controlling Shareholders
                                                                        Laporan Keuangan Konsolidasian
 Komite Audit                                                                                                                             226
 Audit Committee
                                                                  145   Consolidated Financial Statement
 Komite Nominasi dan Remunerasi
                                                                  150
 Nomination and Remuneration Committee

 Sekretaris Perusahaan
                                                                  151
 Corporate Secretary

 Unit Audit Internal
                                                                  154
 Internal Audit Unit

 Sistem Pengendalian Internal (SPI)
                                                                  160
 Internal Control System (SPI)

 Manajemen Risiko
                                                                  162
 Risk Management

 Sanksi Administratif
                                                                  165
 Administrative Sanctions



Laporan Tahunan Annual Report 2025                                                                                                              5
Page 8
    Ikhtisar Kinerja         Laporan Manajemen   Profil Perusahaan       Analisis dan Pembahasan Manajemen
    Highlights Performance   Management Report   Company Profile         Management Discussion and Analysis




6                                                                    PT Hasnur Internasional Shipping Tbk
Page 9
Tata Kelola Perusahaan               Laporan Keberlanjutan
Good Corporate Governance            Sustainability Report




                                                   IKHTISAR DATA
                                                   KEUANGAN DAN
                                                   OPERASIONAL
                                                   FINANCIAL AND
                                                   OPERATIONAL HIGHLIGHTS




Laporan Tahunan Annual Report 2025                                          7
Page 10
          Ikhtisar Kinerja               Laporan Manajemen                        Profil Perusahaan                         Analisis dan Pembahasan Manajemen
          Highlights Performance         Management Report                        Company Profile                           Management Discussion and Analysis




Ikhtisar Keuangan
Financial Highlights

Posisi Keuangan Konsolidasian
                                                                                                                         (dalam juta Rupiah, kecuali dinyatakan lain)
Consolidated Financial Position                                                                                       (in millions of Rupiah, unless stated otherwise)


 Keterangan                                   2025          2024           2023         2022             2021                                         Description

 Aset                                                                                                                                                      Assets

 Aset Lancar                                                                                                                                       Current Assets

 Kas dan Bank                                 122.845        164.738        148.154      182.884         168.017                                       Gross Profit

 Piutang Usaha                                                                                                                                   Trade Receivable

     - Pihak Ketiga                             95.757       100.665        59.840        25.893           12.192                                 Third Parties -

     - Pihak-Pihak Berelasi                    78.088         81.739        60.949        30.984          22.533                    Non-controlling Interests -

 Piutang dari Pihak Berelasi                       573                -           -                -              -                     Due from a Related Party

 Piutang Lain-Lain (Pihak Ketiga)               2.204          2.626         1.664           263              693           Comprehensive Income for the Year

     - Persediaan                               12.155         9.279        10.083          9.115          7.066                        Owners of the Parent -

     - Uang Muka Operasional                    11.887        10.294         9.314         5.877           3.985          Advance Payments for Operations -

 Beban dan Pajak Dibayar di Muka                22.421         5.660         2.613          2.210          4.515                    Prepaid Expenses and Taxes

Jumlah Aset Lancar                            345.930        375.000       292.617       257.225         219.002                             Total Current Assets

 Aset Tidak Lancar                                                                                                                            Non-Current Assets

     - Aset Tetap - Neto                    1.098.040        645.755       447.568        315.198        253.926                            Fixed Assets - Net -

     - Aset Tidak Lancar Lainnya               90.469        178.830       174.300         81.021         64.592                   Other Non-Current Assets -

 Jumlah Aset Tidak Lancar                    1.188.509       824.585       621.868       396.219         318.518                        Total Non-Current Assets

JUMLAH ASET [OJK C.3.a]                     1.534.439      1.199.585       914.485      653.445         537.520                                   TOTAL ASSETS




Liabilitas dan Ekuitas                                                                                                    dalam juta Rupiah, kecuali dinyatakan lain)
Liabilities and Equity                                                                                                (in millions of Rupiah, unless stated otherwise)



 Keterangan                                     2025         2024          2023        2022            2021                                           Description

 Liabilitas                                                                                                                                             Liabilities

 Liabilitas Jangka Pendek                                                                                                                        Current Liabilities

 Utang Usaha                                                                                                                                       Trade Payables

     - Pihak Berelasi                              1.836           1.539     1.247        4.496          2.279                                  Related Parties -

     - Pihak Ketiga                              98.953       95.664        44.678      40.309         33.447                                     Third Parties -

 Liabilitas yang masih harus dibayar             34.702       34.351        35.712       30.141          9.707                                  Accrued Liabilities

    Utang Pajak                                    7.184       5.592         3.673        2.652          1.472                                      Taxes Payable

 Bagian liabilitas jangka panjang yang jatuh tempo dalam 1 tahun                                                       Current maturities of long-term liabilities

     - Pinjaman bank                             80.189       54.930        21.480        6.480         6.480                                      Bank Loans -

     - Liabilitas sewa                            8.444       10.890         9.980             -              -                                Lease liabilities -

 Liabilitas jangka pendek lainnya                    779             19      3.591        1.064         16.346                                   Current liabilities

 Jumlah Liabilitas Jangka Pendek                232.088      202.986       120.361       85.141         69.731                             Total Current Liabilities

 Liabilitas Jangka Panjang                                                                                                                 Non-Current Liabilities

 Pinjaman bank Jangka Panjang - Setelah                                                                                     Long-term liabilities - net of current
 Dikurangi Bagian Jatuh Tempo dalam                                                                                                                     maturities
 Waktu 1 Tahun

     - Pinjaman bank                            439.332      192.624        75.325       13.055         19.535                                      Bank loans -

     - Liabilitas sewa                            15.765       34.139       45.029             -              -                                Lease liabilities -

 Liabilitas Imbalan Kerja Karyawan                8.369            7.386     7.631       16.218         15.663              Post-Employment Benefit Obligation

 Jumlah Liabilitas Jangka Panjang              463.493       234.149       127.985      29.273          35.198                       Total Non-Current Liabilities

 Total Liabilitas [OJK C.3.a]                   695.581       437.134      248.346      114.414        104.929                                      Total Liabilities


8                                                                                                                     PT Hasnur Internasional Shipping Tbk
Page 11
Tata Kelola Perusahaan                           Laporan Keberlanjutan
Good Corporate Governance                        Sustainability Report




                                                                                                                        (dalam juta Rupiah, kecuali dinyatakan lain)
                                                                                                                     (in millions of Rupiah, unless stated otherwise)


 Keterangan                                 2025              2024           2023         2022         2021                                          Description

 Ekuitas                                                                                                                                                  Equity

 Modal Ditempatkan dan Disetor Penuh        262.625           262.625        262.625      262.625      262.625                     Issued and Fully Paid Capital

 Tambahan Modal Disetor                     106.962            106.962       106.962      106.962      106.962                         Additional Paid-in Capital

 Transaksi dengan kepentingan non-                                                                                  Transactions with non-controlling interests
                                                 469               469              -             -            -
 pengendali

 Saldo Laba                                                                                                                                    Retained Earnings

    Telah Ditentukan Penggunaannya            52.525            52.525        42.000       42.000      42.000                                    Appropriated

    Belum Ditentukan Penggunaannya          356.738            310.319       252.453      125.454       19.205                                Unappropriated

 Total Ekuitas yang Dapat Diatribusikan kepada                                                                                       Total Equity Attributable to

    Pemilik Entitas Induk                   779.319           732.899        664.040      537.041      430.792                   Owners of the Parent Entity

    Kepentingan Non-Pengendali                59.540            29.551         2.100        1.990        1.799                      Non-Controlling Interests

 Jumlah Ekuitas                             838.858           762.450        666.140      539.030      432.592                                        Total Equity

 TOTAL LIABILITAS DAN EKUITAS             1.534.439           1.199.585      914.485      653.445      537.520                 TOTAL LIABILITIES AND EQUITY




Laba Rugi dan Penghasilan Komprehensif Lain Konsolidasian
Consolidated Profit and Loss and Other Comprehensive Income
                                                                                                                        (dalam juta Rupiah, kecuali dinyatakan lain)
                                                                                                                     (in millions of Rupiah, unless stated otherwise)


 Keterangan                                      2025            2024         2023         2022        2021                                          Description

 PENJUALAN NETO                                  880.578         1.018.112    941.908      781.001     428.316                                     NET REVENUE

 Beban Pokok Penjualan                           663.879         775.577       683.109     581.883     343.147                                 Cost of Revenues

 LABA BRUTO                                      216.699         242.535      258.799       199.118     85.169                                    GROSS PROFIT

 Beban Usaha - Beban Umum dan                                                                                                    Operating Expenses - General
                                                  90.893           96.191      85.782       73.567      42.473
 Administrasi                                                                                                                               and Administrative

 LABA USAHA                                      125.806         146.344       173.017     125.551      42.695                             OPERATING INCOME

    Pendapatan jasa keagenan (neto)                  254             268            124          111       233                Income Agency Services (net)

    Pendapatan Bunga                               2.279            2.777       3.333        2.776       1.429                                 Interest income

    Laba (Rugi) Selisih Kurs - Neto                  597            4.272        (153)       (237)            (2)     Gain (loss) on foreign exchange - net

    Beban Bunga                                  (27.326)         (17.708)     (6.909)     (2.803)      (4.134)                              Interest expense

    Lainnya (neto)                                   (51)             497           674        565         554                            Miscellaneous - net

 Jumlah Penghasilan (Beban) Lain-lain            (24.247)         (9.894)      (2.931)           413    (1.920)           Amount of Other Income (Expenses)

 LABA SEBELUM PAJAK PENGHASILAN                  101.559         136.449       170.086     125.964      40.775                 INCOME BEFORE TAX EXPENSE

 Beban Pajak Penghasilan                          14.435           15.163       12.574       9.832       5.754                                     Tax Expenses

 LABA TAHUN BERJALAN                               87.124         121.287      157.513      116.132     35.021                          INCOME FOR THE YEAR

 Jumlah Laba Komprehensif                         86.765          121.182      161.909     116.925      35.783                       Total Comprehensive Profit

 Laba Neto yang Dapat Diatribusikan Kepada:                                                                                Income for The Year Attributable to:

    Pemilik Entitas Induk                          87.135        120.968       157.402     115.980      34.955                    Owner of the Parent Entity

    Kepentingan Non-Pengendali                         (11)           318           110          151          65                    Non-controlling interests

 Laba Komprehensif yang Dapat                                                                                             Comprehensive Income for The Year
 Diatribusikan Kepada:                                                                                                                       Attributable to:

 Pemilik Entitas Induk                            86.777         120.863       161.799     116.735      35.708                       Owner of the Parent Entity

 Kepentingan Non-Pengendali                          (12)             319           110          190          75                       Non-controlling interests

 Laba per Saham yang Diatribusikan Kepada                                                                           Earnings per Share Attributable to Owners
                                                    33,18           46,06       59,93        44,16       15,66
 Pemilik Entitas Induk                                                                                                                     of the Parent Entity




Laporan Tahunan Annual Report 2025                                                                                                                                 9
Page 12
        Ikhtisar Kinerja                  Laporan Manajemen                     Profil Perusahaan                    Analisis dan Pembahasan Manajemen
        Highlights Performance            Management Report                     Company Profile                      Management Discussion and Analysis




Arus Kas Konsolidasian
Consolidated Cash Flow
                                                                                                                  (dalam juta Rupiah, kecuali dinyatakan lain)
                                                                                                               (in millions of Rupiah, unless stated otherwise)


 Keterangan                                    2025           2024       2023           2022        2021                                       Description

 Arus Kas dari Aktivitas Operasi               207.616         197.510    146.690        167.828     85.724          Cash Flow from Operating Activities

 Arus Kas dari Aktivitas Investasi            (501.879)    (293.470)     (223.134)      (121.123)   (71.246)        Cash Flows from Investing Activities

 Arus Kas dari Aktivitas Pendanaan             252.370        112.544       41.714      (31.839)     120.745       Cash Flow from Financing Activities

 Kenaikan Neto Kas dan Bank                    (41.893)        16.584    (34.730)         14.866    135.223            Net Increase in Cash and Banks

 Kas dan Bank Pada Awal Tahun                                                                                        Cash and Banks at the Beginning of
                                               164.738        148.154     182.884        168.017     32.794
                                                                                                                                               the Year

 Kas dan Bank Pada Akhir Tahun                 122.845        164.738     148.154       182.884      168.017    Cash and Banks at the End of the Year




Rasio Keuangan
Financial Ratios



 Keterangan                                    2025           2024       2023          2022         2021                                       Description

 Rasio Pertumbuhan (%)                                                                                                                    Growth Ratio (%)

 Pendapatan Bersih                               (13,51)         8,09       20,60         82,34       38,01                                     Net income

 Laba Bruto                                     (10,65)         (6,28)      29,97        133,79       32,41                                     Gross profit

 Laba Usaha                                     (14,03)        (15,42)       37,81       194,06       28,83                              Operating Income

 Laba Komprehensif                              (28,40)        (25,15)      38,47        226,76      132,04                        Comprehensive Income

 Laba Tahun Berjalan                             (28,17)      (23,00)       35,63        231,61       88,02                            Income for the Year

 Rasio Profitabilitas (%)                                                                                                            Profitability Ratio (%)

 Marjin Laba Usaha                                14,29         14,37       18,37         16,08        9,97                      Operating Income Margin

 Laba Usaha terhadap Jumlah Aset                   8,20         12,20       18,92          19,21       7,94             Operating Income to Total Assets

 Laba Usaha terhadap Ekuitas                      15,00          19,19      25,97         23,29        9,87                    Operating Income to Equity

 Laba Komprehensif terhadap Penjualan                                                                                  Comprehensive Profit to Net Sales
                                                   9,85          11,90       17,19        14,97        8,35
 Bersih

 Laba Komprehensif Berjalan terhadap                                                                               Current Comprehensive Profit to Total
                                                   5,65          10,10       17,70         17,89       6,66
 Jumlah Aset                                                                                                                                     Assets

 Laba Komprehensif Berjalan terhadap                                                                             Current Comprehensive Profit to Equity
                                                  10,34         15,89       24,31         21,69        8,27
 Ekuitas

 Rasio Likuiditas dan Solvabilitas (x)                                                                                   Liquidity and Solvability Ratio (x)

 Rasio Lancar                                      1,49           1,85       2,43          3,02        3,14                                   Current Ratio

 Liabilitas Jangka Panjang terhadap                                                                                        Long Term Liabilities to Equity
                                                   0,55           0,31        0,19         0,05        0,08
 Ekuitas

 Jumlah Liabilitas terhadap Ekuitas                0,83          0,57        0,37           0,21       0,24                       Total Liabilities to Equity

 Jumlah Liabilitas terhadap Jumlah Aset            0,45          0,36        0,27           0,18       0,20                Total Liabilities to Total Assets




10                                                                                                             PT Hasnur Internasional Shipping Tbk
Page 13
Tata Kelola Perusahaan                             Laporan Keberlanjutan
Good Corporate Governance                          Sustainability Report




Ikhtisar Kinerja
Performance Highlights

                                                                                                                 (dalam juta Rupiah, kecuali dinyatakan lain)
                                                                                                              (in millions of Rupiah, unless stated otherwise)



Kas dan Bank                                                               Aset Lancar
Cash and Banks                                                             Current Assets


               182.884                                                                                        375.000
    168.017                           164.738                                                                            345.930
                            148.154                                                                 292.617
                                                  122.845                                 257.225
                                                                              219.002




     2021       2022         2023       2024        2025                        2021       2022      2023      2024         2025




Total Aset                                                                 Liabilitas Jangka Pendek
Total Assets                                                               Current Liabilities


                                                  1.534.439                                                               232.088
                                                                                                              202.986
                                      1.199.585

                            914.485
                                                                                                    120.361
               653.445
   537.520                                                                                85.141
                                                                               69.731




     2021      2022          2023      2024         2025                       2021       2022      2023       2024        2025




Total Liabilitas                                                           Total Ekuitas
Total Liabilities                                                          Total Equity


                                                  695.581                                                                 838.858
                                                                                                              762.450
                                                                                                    666.140
                                      437.134                                             539.030
                                                                             432.592
                            248.346

   104.929     114.414



     2021       2022         2023       2024        2025                       2021       2022       2023      2024         2025




Laporan Tahunan Annual Report 2025                                                                                                                         11
Page 14
        Ikhtisar Kinerja                 Laporan Manajemen       Profil Perusahaan                  Analisis dan Pembahasan Manajemen
        Highlights Performance           Management Report       Company Profile                    Management Discussion and Analysis




Pendapatan Neto                                              Laba Bruto
Net Revenues                                                 Gross Profit


                                     1.018.112                                        258.799
                          941.908                                                               242.535
                                                 880.578                                                  216.699
               781.001                                                      199.118



     428.316
                                                                 85.169




      2021      2022        2023      2024        2025           2021       2022       2023      2024      2025




Laba Usaha                                                   Laba Tahun Berjalan
Operating Income                                             Income for the Year


                           173.017                                                    157.513
                                     146.344
                                                                            116.132             121.287
               125.551                           125.806
                                                                                                           87.124


     42.695                                                     35.021




      2021      2022        2023      2024        2025           2021       2022       2023      2024      2025




Total Laba Komprehensif                                      Pertumbuhan Pendapatan
Total Comprehensive Income                                   Net Revenues Growth


                          161.909                                           82,34%


               116.925               121.182

                                                 86.765
                                                                38,01%

     35.783                                                                           20,60%
                                                                                                 8,09%    (13,51)%


      2021      2022        2023      2024        2025
                                                                 2021       2022      2023       2024      2025




12                                                                                              PT Hasnur Internasional Shipping Tbk
Page 15
Tata Kelola Perusahaan                        Laporan Keberlanjutan
Good Corporate Governance                     Sustainability Report




Pertumbuhan Laba Usaha                                                Marjin Laba Usaha
Operating Profit Growth                                               Operating Profit Margin


               194,06                                                                         18,37
                                                                                    16,08
                                                                                                       14,37      14,29

                                                                           9,97



    28,83                   37,81

                                    (15,42)   (14,03)

                                                                          2021      2022      2023        2024    2025
     2021       2022        2023     2024      2025




Laba Usaha terhadap Jumlah Aset                                       Liabilitas Jangka Panjang terhadap Ekuitas
Operating Profit to Total Assets                                      Non-current Liabilities to Equity


                19,21       18,92                                                                                 0,55x



                                     12,20
                                                                                                          0,31x
      7,94                                     8,20
                                                                                               0,19x

                                                                          0,08x
                                                                                    0,05x


     2021       2022        2023     2024      2025                       2021      2022      2023        2024    2025




Rasio Lancar                                                          Jumlah Liabilitas terhadap Aset
Current Ratio                                                         Total Liabilities to Asset


     3,14x      3,02x                                                                                             0,45x

                            2,43x                                                                         0,36x

                                     1,85x                                                    0,27x
                                               1,49x                      0,20x      0,18x




     2021       2022        2023     2024      2025                       2021      2022      2023        2024    2025




Laporan Tahunan Annual Report 2025                                                                                        13
Page 16
       Ikhtisar Kinerja                  Laporan Manajemen                Profil Perusahaan                   Analisis dan Pembahasan Manajemen
       Highlights Performance            Management Report                Company Profile                     Management Discussion and Analysis




Ikhtisar Saham
Stock Highlights



Perseroan melakukan Penawaran Umum Perdana Saham                       The Company conducted an Initial Public Offering (IPO)
(Initial Public Offering/IPO) di Bursa Efek Indonesia (BEI)            on the Indonesia Stock Exchange (IDX) on 1 September
pada tanggal 1 September 2021, dengan total saham                      2021, with a total of 525,250,000 shares offered,
ditawarkan sebanyak 525.250.000 lembar saham atau 20%                  representing 20% of the paid-up capital and issued at
dari modal disetor dan ditempatkan dengan nilai nominal                a nominal value of Rp100 per share. After the Company
Rp100/saham. Pasca Perseroan melakukan IPO, nilai                      conducted the IPO, the Company’s paid-up and issued
modal disetor dan ditempatkan Perseroan menjadi sebesar                capital became 2,626,250,000 shares. At the same time
2.626.250.000 saham. Pada saat yang bersamaan dengan                   as the IPO, the Company implemented an Employee
IPO, Perseroan melaksanakan Program Alokasi Saham                      Stock Allocation Program of 1.15% or 6,018,500 shares
Karyawan sebesar 1,15% atau sebanyak 6.018.500 saham                   of the total offered in the Initial Public Offering.
dari jumlah yang ditawarkan dalam Penawaran Umum
Perdana Saham.

Data terkait dinamika harga saham HAIS di BEI selama 2                 Data related to the dynamics of HAIS share prices on the
tahun terakhir dijabarkan pada tabel di bawah ini:                     IDX over the past 2 years is outlined in the table below:




Harga dan Volume Transaksi Saham per Triwulan di BEI
Stock Prices and Transaction Volumes per Quarter on the IDX


                                Harga Saham (Rp)                Volume Perdagangan            Jumlah Saham Beredar       Kapitalisasi Pasar
 Triwulan                        Share Price (Rp)                 (Lembar Saham)                 (Lembar Saham)             (Rp miliar)
 Quarter        Tertinggi           Terendah        Penutupan       Trade Volume                Number of Shares        Market Capitalization
                Highest              Lowest          Closing           (Shares)                Outstanding (Shares)         (Rp billion)

                                                                   2025

 Q1                224                195             206          484.666.700                    2.626.250.000                 514,01

 Q2                214                185              187         530.233.600                    2.626.250.000                 491,11

 Q3               204                 184              197          158.800.100                   2.626.250.000                 517,37

 Q4                258                188             242          598.398.400                    2.626.250.000                635,55

                                                                   2024

 Q1                266                214             258             4.120.800                   2.626.250.000                677,57

 Q2                270                197             206             1.230.400                   2.626.250.000                 541,01

 Q3                228                204              218            5.182.200                   2.626.250.000                572,52

 Q4                238                204              214            5.279.700                   2.626.250.000                562,02




14                                                                                                        PT Hasnur Internasional Shipping Tbk
Page 17
Tata Kelola Perusahaan                Laporan Keberlanjutan
Good Corporate Governance             Sustainability Report




Harga dan Volume Transaksi Saham per Triwulan di BEI
Stock Prices and Transaction Volumes per Quarter on the IDX

  Harga Price                                                                                                                 Volume
  (Rp)                                                                                     (dalam juta lembar saham in million shares)

      250                                                                                                                    100.000




                                                                                                                             75.000

      200



                                                                                                                             50.000



         150

                                                                                                                             25.000




          0                                                                                                                  0

                            Okt Oct                           Nov                                 Des Dec




Penghentian Sementara Perdagangan Saham (Suspension)
dan/atau Penghapusan Pencatatan Saham (Delisting)
Temporary Suspension of Stock Trading (Suspension) and/or Delisting of Stock (Delisting)


Hingga 31 Desember 2025, Perseroan tidak pernah                     As of 31 December 2025, the Company has never been
dikenakan sanksi yang dapat berpengaruh terhadap                    subject to sanctions that could affect stock trading
aktivitas perdagangan saham di Bursa Efek tempat                    activities on the Stock Exchange where the Company lists
Perseroan mencatatkan saham dan memperdagangkan                     and trades its shares, including temporary suspension
saham, baik penghentian sementara perdagangan saham                 of stock trading (suspension) and/or delisting of shares
(suspension) dan/atau pembatalan pencatatan saham                   (delisting). Therefore, there is no information related to
(delisting). Dengan demikian, tidak terdapat informasi              the impact of temporary suspension of stock trading
terkait dampak dari penghentian sementara perdagangan               (suspension) and/or cancellation of stock listing (delisting)
saham (suspension) dan/atau pembatalan pencatatan                   that can be presented in this Annual Report.
saham (delisting), yang dapat disajikan dalam Laporan
Tahunan ini.




Aksi Korporasi
Corporate Actions


Pada tahun 2025, Perseroan melakukan aksi korporasi                 In 2025, the Company carried out corporate actions related
terkait saham dalam bentuk pembagian dividen tunai                  to shares in the form of cash dividends for the 2024 fiscal
untuk periode tahun buku 2024 sesuai dengan Keputusan               year in accordance with the Annual GMS Resolution dated
RUPS Tahunan tanggal 26 Maret 2025. Perseroan                       26 March 2025. The Company distributed stock dividends
telah membagikan dividen saham dengan jumlah                        in the amount of Rp40,357,308,499 or Rp15.37 per share
Rp40.357.308.499 atau sebesar Rp15,37 per lembar saham              from the Company’s net profit for 2024. The stock dividend
yang berasal dari laba bersih Perseroan tahun 2024.                 payment was made on 7 & 8 May 2025.
Pembayaran dividen saham telah dilaksanakan pada
tanggal 7 & 8 Mei 2025.

Laporan Tahunan Annual Report 2025                                                                                                  15
Page 18
     Ikhtisar Kinerja         Laporan Manajemen                 Profil Perusahaan             Analisis dan Pembahasan Manajemen
     Highlights Performance   Management Report                 Company Profile               Management Discussion and Analysis




Penghargaan dan Sertifikasi
Award and Certifications




                              PR INDONESIA Awards (PRIA) 2025
                              26 Februari / February 2025
                              Penyelenggara Organizer       :   PR INDONESIA
                              Award 			:                        PR INDONESIA Awards (PRIA) 2025




                              Public Company with Ruby Achievement in Emission Transparency
                              27 April 2025
                              Penyelenggara Organizer       :   Investortrust.id
                              Award 			:                        The best Corporate Emission Reduction Transparency
                                                                Awards 2025




                              Notable Enterprise in Regulatory Compliance
                              9 Mei / May 2025
                              Penyelenggara Organizer       :   Hukum Online
                              Award 			:                        Indonesia Regulatory Compliance Awards (IRCA) 2025




                              The Best Investortrust Companies 2025
                              27 Mei / May 2025
                              Penyelenggara Organizer       :   InvestorTrust
                              Award 			:                        The Best Investortrust Companies 2025 Sektor
                                                                Transportasi & Logistik / Transportation & Logistic Sector




                              Top CSR Awards 2025
                              11 Juni / June 2025
                              Penyelenggara Organizer       :   Top Business
                              Award 			:                        Kategori “Star 4 – Sangat Baik” & Kategori Top Leader on
                                                                CSR Commitment
                                                                Category “Star 4 – Very Good” & Top Leader in CSR
                                                                Commitment Category




16                                                                                        PT Hasnur Internasional Shipping Tbk
Page 19
Tata Kelola Perusahaan                   Laporan Keberlanjutan
Good Corporate Governance                Sustainability Report




                                     Katadata Environment Social Governance (ESG) Index Awards 2025
                                     11 September 2025
                                     Penyelenggara Organizer     :   Katadata
                                     Award 			:                      Katadata Environment Social Governance (ESG) Index
                                                                     Awards 2025 untuk kategori Transportation and Logistics
                                                                     Sector kategori “Transportasi dan Logistik” pada
                                                                     aspek Lingkungan.
                                                                     Katadata Environment Social Governance (ESG) Index
                                                                     Awards 2025 for the Transportation and Logistics Sector
                                                                     category in the Environment aspect.



                                     Indonesia In-House Counsel Summit & Awards 2025
                                     2 Oktober / October 2025
                                     Penyelenggara Organizer     :   Hukum Online
                                     Award 			:                      "Indonesian In-House Counsel Elite 2025" untuk Rengga
                                                                     Temenggung dan Kustiana Firdanti
                                                                     "Indonesian In-House Counsel Elite 2025" for Rengga
                                                                     Temenggung & Kustiana Firdanti



                                     Zero Accident Award
                                     9 Oktober / October 2025
                                     Penyelenggara Organizer     :   Pemerintah Provinsi Kalimantan Selatan melalui Dinas
                                                                     Tenaga Kerja dan Transmigrasi (Disnakertrans)
                                                                     The South Kalimantan Provincial Government through the
                                                                     Manpower and Transmigration Office (Disnakertrans)
                                     Award 			:                      4.716.546 jam kerja tanpa kecelakaan kerja, terhitung sejak
                                                                     1 Desember 2021 hingga 31 Desember 2024.
                                                                     4,716,546 hours of work without accidents, calculated from
                                                                     1 December 2021 to 31 December 2024.



                                     Media Relation Awards 2025
                                     20 Oktober / October 2025
                                     Penyelenggara Organizer     :   Serikat Perusahaan Pers
                                                                     Press Company Union
                                     Award 			:                      “Bronze Winner” untuk Kategori “Press Release Terbaik”
                                                                     “Bronze Winner” for the “Best Press Release” category



                                     Temu Karya Mutu dan Produktivitas Nasional (TKMPN) XXIX 2025
                                     29th National Quality and Productivity Meeting (TKMPN) 2025
                                     25 November 2025
                                     Penyelenggara Organizer     :   PT Wahana Kendali Mutu dan Asosiasi Manajemen Kualitas
                                                                     dan Produktivitas Indonesia.
                                                                     PT Wahana Kendali Mutu and the Indonesian Quality and
                                                                     Productivity Management Association.
                                     Award 			:                      2 Penghargaan Platinum
                                                                     2 Platinum Awards



Laporan Tahunan Annual Report 2025                                                                                             17
Page 20
        Ikhtisar Kinerja             Laporan Manajemen                  Profil Perusahaan              Analisis dan Pembahasan Manajemen
        Highlights Performance       Management Report                  Company Profile                Management Discussion and Analysis




Sertifikasi
Certifications




     Sertifikasi Sistem Manajemen 9001:2015 dan and ISO 45001:2018 dengan nomor registrasi sertifikat
     001416- 1- ID- 1-QNS:
     9001:2015 and ISO 45001:2018 Management System Certification with certificate registration number
     001416- 1- ID- 1-QNS:

     Penyelenggara Organizer       : Business Systems Certification

     Masa Berlaku Validity Period : Berlaku hingga 20 Maret 2026
                                     Valid until 20 March 2026

     Penerima Recipient		          : PT Hasnur Internasional Shipping Tbk

     Scope			                      : Provision of Shipping Services and Delivering Goods via Barge




     Dokumen Penyesuaian Manajemen Keselamatan No. AL.601/478/16/DK/2022
     Safety Management Adjustment Document No. AL.601/478/16/DK/2022

     Penyelenggara Organizer       : Perhubungan Laut, Kementerian Perhubungan
                                     Directorate General of Sea Transportation, Ministry of Transportation

     Masa Berlaku Validity Period : Tanggal terbit sertifikat: 17 Juni 2022
                                     Berlaku hingga 23 Januari 2027
                                     Certificate issue date: 17 June 2022
                                     Valid until 23 January 2027

     Penerima Recipient		          : PT Hasnur Internasional Shipping Tbk




     Sertifikat Manajemen Keselamatan No. AL.601/479/1/DK/2022
     Safety Management Certificate No. AL.601/479/1/DK/2022

     Penyelenggara Organizer       : Perhubungan Laut, Kementerian Perhubungan
                                     Directorate General of Sea Transportation, Ministry of Transportation

     Masa Berlaku Validity Period : Tanggal terbit sertifikat: 17 Juni 2022
                                     Berlaku hingga 13 Februari 2027
                                     Certificate issue date: 17 June 2022
                                     Valid until 13 February 2027

     Penerima Recipient            : Kapal Hasnur / Hasnur Ship 07




18                                                                                                 PT Hasnur Internasional Shipping Tbk
Page 21
Tata Kelola Perusahaan                     Laporan Keberlanjutan
Good Corporate Governance                  Sustainability Report




    Sertifikat Manajemen Keselamatan No. AL.601/479/9/DK/2022
    Safety Management Certificate No. AL.601/479/9/DK/2022

    Penyelenggara Organizer       : Perhubungan Laut, Kementerian Perhubungan
                                     Directorate General of Sea Transportation, Ministry of Transportation

    Masa Berlaku Validity Period : Tanggal terbit sertifikat: 17 Juni 2022
                                     Berlaku hingga 26 Januari 2027
                                     Certificate issue date: 17 June 2022
                                     Valid until 26 January 2027

    Penerima Recipient            : Kapal Hasnur / Hasnur Ship 10




    Sertifikat Manajemen Keselamatan No. AL.601/479/10/DK/2022
    Safety Management Certificate No. AL.601/479/10/DK/2022

    Penyelenggara Organizer       : Perhubungan Laut, Kementerian Perhubungan
                                     Directorate General of Sea Transportation, Ministry of Transportation

    Masa Berlaku Validity Period : Tanggal terbit sertifikat: 17 Juni 2022
                                     Berlaku hingga 8 Februari 2027
                                     Certificate issue date: 17 June 2022
                                     Valid until 8 February 2027

    Penerima Recipient            : Kapal Hasnur / Hasnur Ship 11




    Sertifikat Manajemen Keselamatan No. AL.601/479/2/DK/2022
    Safety Management Certificate No. AL.601/479/2/DK/2022

    Penyelenggara Organizer       : Perhubungan Laut, Kementerian Perhubungan
                                     Directorate General of Sea Transportation, Ministry of Transportation

    Masa Berlaku Validity Period : Tanggal terbit sertifikat: 17 Juni 2022
                                     Berlaku hingga 27 Januari 2027
                                     Certificate issue date: 17 June 2022
                                     Valid until 27 January 2027

    Penerima Recipient            : Kapal Hasnur / Hasnur Ship 12




    Sertifikat Manajemen Keselamatan No. AL.601/479/2/DK/2022
    Safety Management Certificate No. AL.601/479/2/DK/2022

    Penyelenggara Organizer       : Direktorat Jenderal Perhubungan Laut, Kementerian Perhubungan
                                     Directorate General of Sea Transportation, Ministry of Transportation

    Masa Berlaku Validity Period : Tanggal terbit sertifikat: 30 Mei 2023
                                     Berlaku hingga 17 Februari 2028
                                     Certificate issue date: 30 May 2023
                                     Valid until 17 February 2028

    Penerima Recipient            : Kapal Hasnur / Hasnur Ship 113




Laporan Tahunan Annual Report 2025                                                                           19
Page 22
     Ikhtisar Kinerja              Laporan Manajemen            Profil Perusahaan              Analisis dan Pembahasan Manajemen
     Highlights Performance        Management Report            Company Profile                Management Discussion and Analysis




Peristiwa Penting Tahun 2025
Important Events of 2025



3    Feb
     2025
                          Peresmian Pengoperasian armada baru, dua
                          tugboat (kapal tunda) TB Hasnur 21 dan TB
                          Hasnur 22, serta satu unit barge (tongkang),
                                                                           Inauguration of a new fleet, two tugboats, TB
                                                                           Hasnur 21 and TB Hasnur 22, and one barge,
                                                                           BG Hasnur 3311.
                          BG Hasnur 3311.




23        Jun
          2025
                          Pembukaan rute baru pengangkutan batu
                          bara dari Sumatra ke Jawa.
                                                                           Opening of a new coal transportation route
                                                                           from Sumatra to Java.




22        Jul
          2025
                          Peresmian pengoperasian satu set armada
                          baru yaitu tugboat (kapal tunda) TB Hasnur
                          23 dan barge (tongkang) BG Hasnur 312 .
                                                                           Inauguration of a new fleet consisting of the
                                                                           TB Hasnur 23 tugboat and the BG Hasnur 312
                                                                           barge.




20                                                                                         PT Hasnur Internasional Shipping Tbk
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17         Sep
           2025
                            Penyelenggaraan seremoni keel laying atau
                            peletakkan lunas kapal floating loading facility
                            (FLF) HMS88 milik PT Hasnur Multi Sinergi,
                                                                               Holding of the keel laying ceremony for the
                                                                               HMS88 floating loading facility (FLF) owned
                                                                               by PT Hasnur Multi Sinergi, a subsidiary of
                            cucu usaha PT Hasnur Internasional Shipping        PT Hasnur Internasional Shipping Tbk (HIS),
                            Tbk (HIS) yang merupakan perusahaan                which is a joint venture between PT Hasnur
                            joint venture antara PT Hasnur Resources           Resources Terminal (a subsidiary of HIS) and
                            Terminal (anak usaha HIS) dengan PT Multi          PT Multi Guna Maritim. The construction of
                            Guna Maritim. Pembangunan FLF HMS88 ini            FLF HMS88 is the first FLF to be built by a
                            merupakan pembangunan FLF pertama oleh             domestic shipyard.
                            galangan dalam negeri.




1      Okt
       2025
                            Penyelenggaraan Rapat Umum Pemegang
                            Saham Luar Biasa (RUPSLB) dengan agenda
                            pengumuman perubahan susunan Dewan
                                                                               Holding of an Extraordinary GMS with the
                                                                               agenda of announcing changes to the
                                                                               composition of the Board of Commissioners
                            Komisaris dan mengesahkan Hendra Iskandar          and approving Hendra Iskandar Lubis as
                            Lubis   sebagai   Komisaris  Independen            Independent Commissioner to replace Nur
                            menggantikan Nur Prasetyo.                         Prasetyo.




Laporan Tahunan Annual Report 2025                                                                                            21
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     Ikhtisar Kinerja              Laporan Manajemen              Profil Perusahaan             Analisis dan Pembahasan Manajemen
     Highlights Performance        Management Report              Company Profile               Management Discussion and Analysis




7    Nov
     2025
                          Peresmian pengoperasian satu set armada
                          yaitu tugboat (kapal tunda) TB Hasnur 25 dan
                          barge (tongkang) BG Hasnur 3312.
                                                                             Inauguration of a fleet consisting of the TB
                                                                             Hasnur 25 tugboat and the BG Hasnur 3312
                                                                             barge.




26        Nov
          2025
                          Penyelenggaraan Paparan Publik
                          kinerja Perseroan triwulan III 2025.
                                                                 terkait     Public Expose on the Company’s performance
                                                                             in the third quarter of 2025.




22                                                                                          PT Hasnur Internasional Shipping Tbk
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Tata Kelola Perusahaan                 Laporan Keberlanjutan
Good Corporate Governance              Sustainability Report




18           Des
             2025
                            Peluncuran situs web dengan
                            corporate identity yang baru.
                                                               desain   Launch of a website with a new corporate
                                                                        identity design.




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Highlights Performance   Management Report   Company Profile         Management Discussion and Analysis




24                                                               PT Hasnur Internasional Shipping Tbk
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                                                   LAPORAN
                                                   MANAJEMEN
                                                   MANAGEMENT REPORT




Laporan Tahunan Annual Report 2025                                     25
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Highlights Performance      Management Report   Company Profile         Management Discussion and Analysis




Laporan Direksi
Report of the Board of Directors




                                                                     Jayanti
                                                                     Sari
                                                                     Direktur Utama
                                                                     President Director




26                                                                  PT Hasnur Internasional Shipping Tbk
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      “ Di tengah berbagai tantangan yang dihadapi, Perseroan
        tetap fokus untuk mewujudkan pertumbuhan usaha yang
        berkelanjutan. Direksi telah mengambil sejumlah inisiatif
        strategis baik jangka pendek maupun jangka panjang untuk
        mewujudkan tujuan tersebut.
        Amid ongoing challenges, the Company remains focused on achieving sustainable
        business growth. To this end, the Board of Directors has implemented a range of strategic
        initiatives, spanning both short-term priorities and long-term objectives, to support the
        attainment of this goal.



        Pemegang Saham dan Pemangku Kepentingan yang Terhormat,

        Direksi PT Hasnur Internasional Shipping Tbk dengan penuh rasa syukur menyampaikan Laporan Direksi
        untuk Tahun Buku 2025. Sepanjang tahun 2025, industri pelayaran dan logistik komoditas mengalami
        tekanan signifikan akibat dinamika geopolitik global, penyesuaian harga batu bara, dan kondisi cuaca yang
        menantang. Namun, Perseroan berhasil menjaga stabilitas kinerja, melakukan penguatan operasional, dan
        menerapkan langkah efisiensi yang berkelanjutan.


        Dear Shareholders and Stakeholders,

        The Board of Directors of PT Hasnur Internasional Shipping
        Tbk is pleased to present this Directors’ Report for the
        2025 fiscal year. Throughout 2025, the shipping and
        commodity logistics industry faced significant pressures
        arising from global geopolitical developments, adjustments
        in coal prices, and challenging weather conditions. Despite
        these challenges, the Company was able to maintain stable
        performance, strengthen its operational foundation, and
        implement sustainable efficiency initiatives.




Laporan Tahunan Annual Report 2025                                                                                  27
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Ikhtisar Kinerja                        Laporan Manajemen        Profil Perusahaan             Analisis dan Pembahasan Manajemen
Highlights Performance                  Management Report        Company Profile               Management Discussion and Analysis




Dengan fondasi bisnis yang kuat dan strategi yang               With a strong business foundation and adaptive strategies,
adaptif, Perseroan tetap menunjukkan kinerja positif pada       the Company continued to show positive performance in a
sejumlah indikator utama serta menegaskan komitmen              number of key indicators and reaffirmed its commitment to
menjadi penyedia jasa pelayaran dan logistik yang amanah,       being a trusted, integrated, and competitive shipping and
terintegrasi, serta kompetitif.                                 logistics service provider.

Tinjauan Kondisi Eksternal dan Industri                         External and Industry Environment Review

Pertumbuhan ekonomi global pada 2025 diproyeksikan              The IMF projects global economic growth in 2025 to be
oleh IMF sekitar 3,0% hingga 3,2%, sedikit meningkat            around 3.0% to 3.2%, a slight increase from previous
dari proyeksi sebelumnya. Namun, ekonomi global masih           projections. However, the global economy still faces
menghadapi beberapa risiko, seperti pelemahan ekonomi           several risks, such as the weakening economies of China
China dan AS, ketegangan geopolitik, perubahan iklim,           and the US, geopolitical tensions, climate change, and
serta ketidakpastian kebijakan suku bunga global. Selain        uncertainty over global interest rate policies. In addition,
itu, ketegangan perdagangan dan kebijakan proteksionis          trade tensions and protectionist policies continue to weigh
masih membebani rantai pasok dan permintaan global.             on global supply chains and demand.

Di tengah kondisi ekonomi yang cukup menantang, ekonomi         Amidst     these   challenging     economic   conditions,
Indonesia menunjukkan ketahanan yang cukup baik                 Indonesia’s economy has shown considerable resilience
dengan pertumbuhan berkisar 4,7%-5,5%. Pertumbuhan              with growth of approximately 4.7%-5.5%. This growth
tersebut didukung oleh permintaan domestik yang kuat,           has been supported by strong domestic demand, solid
ekspor yang solid, investasi berorientasi keberlanjutan dan     exports, sustainability-oriented investment and business
ketahanan usaha dan kebijakan pemerintah yang optimal.          resilience, and optimal government policies. However,
Meski demikian, Indonesia juga menghadapi tantangan             Indonesia also faces challenges related to global
terkait tekanan global, ketegangan perdagangan, dan             pressures, trade tensions, and the need for structural
kebutuhan reformasi struktural untuk mempertahankan             reforms to maintain its growth momentum.		
momentum pertumbuhan.

Ketegangan geopolitik dan proteksionisme menyebabkan            Geopolitical tensions and protectionism have caused
perubahan rute pelayaran utama, memperpanjang waktu             changes in major shipping routes, extending travel times,
tempuh, biaya bahan bakar, dan biaya operasional kapal.         fuel costs, and ship operating costs. These high risks have
Risiko tinggi ini juga menyebabkan kenaikan premi asuransi      also led to an increase in marine hull insurance premiums,
marine hull, peningkatan risiko kecelakaan, dan kebutuhan       an increased risk of accidents, and a greater need for
perlindungan lebih besar. Beban biaya yang meningkat ini        protection. These increased costs are a major challenge
menjadi tantangan besar bagi industri pelayaran global          for the global shipping industry, which transports around
yang mengangkut sekitar 80% volume perdagangan dunia.           80% of the world’s trade volume.

Industri transportasi laut menghadapi tantangan berupa          The maritime transportation industry faces challenges
peningkatan biaya operasional akibat perubahan rute             in the form of increased operating costs due to changes
pelayaran global, tarif asuransi yang naik, dan risiko          in global shipping routes, rising insurance rates, and
keamanan di jalur pelayaran strategis. Di sisi lain, domestik   security risks on strategic shipping lanes. On the other
Indonesia mendapatkan dorongan melalui kebijakan                hand, Indonesia’s domestic sector is getting a boost
infrastruktur maritim yang mendukung penguatan                  through maritime infrastructure policies that support
konektivitas nasional, terutama di wilayah 3T (terdepan,        the strengthening of national connectivity, especially in
terluar, tertinggal). Permintaan angkutan laut untuk barang     the 3T (frontier, outermost, and disadvantaged) regions.
dan penumpang diperkirakan meningkat seiring dengan             Demand for sea transportation of goods and passengers
pertumbuhan ekonomi dan investasi infrastruktur.                is expected to increase in line with economic growth and
                                                                infrastructure investment.

Secara keseluruhan, industri transportasi laut global           Overall, the global maritime transportation industry is
terkendala oleh risiko geopolitik dan perubahan rute            constrained by geopolitical risks and route changes that
yang menambah biaya, sementara di Indonesia sektor              add to costs, while in Indonesia this sector is empowered
ini justru diberdayakan oleh program pemerintah untuk           by government programs to improve connectivity and
meningkatkan konektivitas dan efisiensi distribusi barang       efficiency in the distribution of goods that support domestic
yang mendukung pertumbuhan ekonomi domestik.                    economic growth.




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Strategi dan Inisiatif Utama 2025                            Key Strategies and Strategic Initiatives in 2025

Di tengah berbagai tantangan yang dihadapi sepanjang         Amidst the various challenges faced throughout 2025,
tahun 2025, Perseroan berupaya untuk tetap fokus untuk       the Company strives to remain focused on achieving
mewujudkan pertumbuhan usaha yang berkelanjutan.             sustainable business growth. We continue to strive to
Kami terus berupaya untuk menghadirkan keunggulan            deliver operational excellence and innovation in the
operasional dan inovasi dalam industri pelayaran.            shipping industry. Throughout 2025, the Company has
Sepanjang tahun 2025, Perseroan telah melaksanakan           implemented several strategic measures, including
beberapa langkah strategis, antara lain dengan melakukan     strengthening its fleet by adding new vessels to support
penguatan armada melalui penambahan armada baru untuk        increased capacity and operational sustainability. In
mendukung peningkatan kapasitas dan keberlanjutan            addition, the Company accelerated the optimization
operasional. Selain itu, Perseroan melakukan akselerasi      of scheduled docking programs, ship maintenance,
optimalisasi program docking terjadwal, pemeliharaan         and      equipment     modernization    to ensure   fleet
kapal, serta modernisasi peralatan untuk memastikan          reliability and operational efficiency.		
keandalan armada dan efisiensi operasional.

Langkah Perseroan untuk menambah armada merupakan            The Company’s move to add to its fleet is part of its
bagian dari upaya efisiensi biaya operasional dan            efforts to improve operational cost efficiency and
optimalisasi aset. Perseroan mengurangi penggunaan kapal     optimize assets. The Company has reduced its use of
sewa (rentship) dan mengoptimalisasi rute pengangkutan       chartered vessels and optimized transportation routes
dan pengaturan jadwal operasional. Perseroan juga            and operational schedules. The Company also focuses on
fokus pada ketepatan waktu dan keandalan layanan bagi        punctuality and reliability of service for its key customers
pelanggan utama sebagai upaya untuk meningkatkan             in an effort to improve service quality.		
kualitas layanan.

Upaya peningkatan kualitas layanan juga Kami lakukan         We are also improving service quality by enhancing safety
dengan peningkatan standardisasi keselamatan sesuai ISO      standards in accordance with ISO 9001:2015 and ISO
9001:2015 dan ISO 45001:2018.                                45001:2018.

Langkah strategis lain yang Kami jalankan adalah             Another strategic step we are taking is to expand our
melakukan perluasan basis pelanggan non-group, meski         non-group customer base, even though the Company's
saat ini kontribusi pendapatan terbesar Perseroan masih      biggest contributor to revenuecurrently still comes from
berasal dari Hasnur Group.                                   the Hasnur Group.

Peran Direksi dalam Perumusan Strategi dan                   Board of Directors’ Role in Strategy
Monitoring Penerapan Strategi                                and Oversight

Direksi memegang peran sentral dalam merumuskan dan          The Board of Directors plays a central role in formulating
mengimplementasikan strategi perusahaan yang adaptif         and implementing adaptive and sustainable corporate
dan berkelanjutan. Proses ini melibatkan analisis mendalam   strategies. This process involves in-depth analysis of
terhadap tren industri, kondisi pasar, dan kebutuhan         industry trends, market conditions, and customer needs
pelanggan agar strategi yang dirancang sesuai dengan         to ensure that the strategies designed are in line with
visi dan misi perusahaan. Rapat rutin Direksi digunakan      the company’s vision and mission. Regular Board of
sebagai forum utama untuk evaluasi pencapaian kinerja        Directors meetings serve as the main forum for evaluating
dan identifikasi peluang perbaikan melalui masukan dari      performance and identifying opportunities for improvement
tim operasional dan manajerial, sekaligus memperkuat         through input from operational and managerial teams,
kolaborasi antar departemen agar implementasi strategi       while strengthening interdepartmental collaboration to
berjalan sinergis.                                           ensure synergistic strategy implementation.

Dalam perencanaan strategis, Direksi melakukan               In strategic planning, the Board of Directors conducts
pengawasan, evaluasi, dan pengendalian secara                regular supervision, evaluation, and control to
berkala untuk memastikan kebijakan dan keputusan             ensure that strategic policies and resolutions remain
strategis tetap responsif terhadap dinamika pasar dan        responsive to market dynamics and external changes.
perubahan eksternal. Pendekatan yang transparan dan          A transparent and participatory approach to decision-
partisipatif di dalam proses pengambilan keputusan           making enables the Board of Directors to create
memungkinkan Direksi menciptakan strategi yang               strategies that support business sustainability and
mendukung keberlanjutan bisnis serta memperkuat posisi       strengthen the Company’s position in the face of market
Perusahaan dalam menghadapi ketidakpastian pasar.            uncertainty. This also includes the use of environmental
Hal ini juga mencakup penggunaan analisis lingkungan,        analysis, performance monitoring, and effective internal
pengawasan kinerja, dan koordinasi internal yang efektif     coordination to maintain and enhance the Company’s
untuk menjaga dan meningkatkan daya saing perusahaan         competitiveness on an ongoing basis.		
secara berkelanjutan.




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Highlights Performance                  Management Report         Company Profile                Management Discussion and Analysis




Secara garis besar, peran Direksi meliputi merumuskan visi,      In broad terms, the role of the Board of Directors
misi, dan tujuan jangka panjang, mengawasi implementasi          encompasses the formulation of the Company’s vision,
strategi, serta terus menyempurnakan perencanaan melalui         mission, and long-term objectives, oversight of strategy
evaluasi dan kolaborasi lintas departemen. Ini menjadikan        execution, and the continuous refinement of plans through
Direksi sebagai penggerak utama dalam memastikan                 regular evaluation and cross-functional collaboration.
Perusahaan mampu beradaptasi dan bertahan dalam                  Through this role, the Board of Directors serves as a key
lingkungan bisnis yang cepat berubah sambil menjaga              driver in ensuring the Company’s ability to adapt to a
kesinambungan nilai bagi para pemangku kepentingan.              rapidly evolving business environment while sustaining
                                                                 long-term value creation for its stakeholders.

Tantangan yang Dihadapi                                          Key Challenges

Sepanjang tahun 2025, PT Hasnur Internasional                    Throughout 2025, PT Hasnur Internasional Shipping Tbk
Shipping Tbk menghadapi lingkungan usaha yang penuh              faced a challenging business environment in line with
tantangan seiring dengan dinamika industri pelayaran             the dynamics of the shipping and sea freight logistics
dan logistik laut kargo komoditas. Penurunan harga batu          industry. The decline in global coal prices put pressure
bara global berdampak pada tekanan pada tarif charter            on charter rates, which impacted the Company’s revenue
yang berdampak terhadap kinerja pendapatan Perseroan.            performance. These conditions required the Board of
Kondisi ini menuntut Direksi untuk mengelola bisnis secara       Directors to manage the business in a more adaptive,
lebih adaptif, disiplin, dan berorientasi pada efisiensi tanpa   disciplined, and efficiency-oriented manner without
mengurangi keandalan layanan kepada pelanggan.                   compromising the reliability of customer service.

Selain tekanan pasar, Perseroan juga menghadapi                  In addition to market pressures, the Company also faced
volatilitas biaya operasional, khususnya terkait harga           volatility in operating costs, particularly related to fuel
bahan bakar dan biaya perawatan armada. Ketidakpastian           prices and fleet maintenance costs. This uncertainty
tersebut    meningkatkan     kompleksitas   perencanaan          increased the complexity of operational planning and
operasional dan pengendalian biaya. Untuk merespons              cost control. To respond to these challenges, the Board
tantangan ini, Direksi menerapkan kebijakan pengendalian         of Directors has implemented stricter cost control
biaya yang lebih ketat, optimalisasi jadwal operasional,         policies, optimized operational schedules, and increased
serta peningkatan pemantauan kinerja armada secara               real-time monitoring of fleet performance to ensure
real-time guna memastikan efisiensi dan ketepatan                efficiency and accuracy in decision-making.		
pengambilan keputusan.

Dari sisi operasional, tantangan turut muncul dalam              From an operational perspective, challenges have also
menjaga tingkat utilisasi armada di tengah fluktuasi             arisen in maintaining fleet utilization rates amid fluctuations
permintaan dan penyesuaian pola pengapalan pelanggan.            in demand and adjustments to customer shipping patterns.
Direksi merespons kondisi tersebut melalui optimalisasi          The Board of Directors responded to these conditions by
penempatan armada sewaan, renegosiasi kontrak secara             optimizing the placement of the charter fleet, selectively
selektif, serta penguatan koordinasi dengan pelanggan            renegotiating contracts, and strengthening coordination
dan mitra usaha untuk menjaga kesinambungan volume               with customers and business partners to maintain cargo
muatan. Upaya ini bertujuan untuk mempertahankan                 volume continuity. These efforts aim to maintain fleet
tingkat produktivitas armada sekaligus meminimalkan              productivity while minimizing the risk of idle capacity.
risiko tidak optimalnya utilisasi kapasitas.

Perseroan juga menghadapi tantangan terkait peningkatan          The Company also faces challenges related to the
kompleksitas regulasi di sektor maritim, termasuk aspek          increasing complexity of regulations in the maritime
keselamatan pelayaran, kepatuhan lingkungan, dan tata            sector, including aspects of shipping safety, environmental
kelola perusahaan terbuka. Untuk memastikan kepatuhan            compliance, and public company governance. To
yang berkelanjutan, Direksi memperkuat fungsi kepatuhan          ensure ongoing compliance, the Board of Directors is
dan pengendalian internal, meningkatkan koordinasi lintas        strengthening compliance and internal control functions,
fungsi, serta memastikan seluruh kebijakan operasional           improving cross-functional coordination, and ensuring that
dan administratif selaras dengan ketentuan regulator             all operational and administrative policies are in line with
yang berlaku.                                                    applicable regulatory requirements.

Di sisi internal, pengembangan kapabilitas sumber daya           Internally, the development of human resource capabilities
manusia menjadi perhatian utama, seiring meningkatnya            has become a major concern, in line with the increasing
kebutuhan akan kompetensi teknis dan digital dalam               need for technical and digital competencies in maritime
pengelolaan logistik laut. Direksi menindaklanjuti tantangan     logistics management. The Board of Directors is addressing
ini melalui program pelatihan yang terarah, penguatan            this challenge through targeted training programs,
budaya kinerja, serta pemanfaatan teknologi digital untuk        strengthening a performance culture, and utilizing digital
mendukung pengambilan keputusan berbasis data dan                technology to support data-driven decision-making and
peningkatan produktivitas tim operasional.                       increased operational team productivity.




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Good Corporate Governance            Sustainability Report




Sebagai bagian dari strategi jangka menengah, Direksi juga   As part of its medium-term strategy, the Board of Directors
mulai memperkuat diversifikasi dalam ekosistem logistik      has also begun to strengthen diversification in the maritime
laut, baik melalui perluasan jenis kargo yang dilayani,      logistics ecosystem, both through expanding the types of
peningkatan fleksibilitas armada, maupun pengembangan        cargo served, increasing fleet flexibility, and developing
layanan end-to-end dari titik muat hingga titik bongkar.     end-to-end services from loading to unloading points.
Langkah ini diambil untuk meningkatkan ketahanan             This step was taken to increase business resilience to
bisnis terhadap siklus komoditas serta membuka peluang       commodity cycles and open up opportunities for more
pertumbuhan yang lebih berkelanjutan.                        sustainable growth.

Melalui berbagai kebijakan strategis tersebut, Direksi       Through these various strategic policies, the Board
menegaskan komitmennya untuk menjaga ketahanan               of Directors affirms its commitment to maintaining
operasional dan keuangan Perseroan di tengah tantangan       the Company’s operational and financial resilience
industri. Dengan disiplin eksekusi, penguatan tata kelola,   amid industry challenges. With disciplined execution,
serta fokus pada kompetensi inti logistik laut kargo         strengthened governance, and a focus on core
komoditas, Perseroan terus melaju lebih tangguh dalam        competencies in commodity cargo maritime logistics,
menciptakan nilai jangka panjang bagi pemegang saham         the Company continues to move forward more resiliently
dan seluruh pemangku kepentingan.                            in creating long-term value for shareholders and
                                                             all stakeholders.

Kinerja Perseroan Tahun 2025                                 Performance Overview – 2025

Walau menghadapi sejumlah tantangan, Perseroan tetap         Despite facing a number of challenges, the Company
dapat membukukan kinerja yang positif kendati secara         was still able to record positive performance, although
umum mengalami tren penurunan dibandingkan kinerja           in general there was a downward trend compared to the
tahun sebelumnya. Perseroan membukukan pendapatan            previous year’s performance. The Company posted net
neto sebesar Rp880,58 miliar, terkoreksi 13,51% dari         revenue of Rp880.58 billion, a correction of 13.51% from
tahun sebelumnya sebesar Rp1.018,11 miliar. Penurunan        the previous year’s Rp1,018.11 billion. The decline in revenue
pendapatan tersebut utamanya mencerminkan kondisi            mainly reflected challenging market conditions, including a
pasar yang menantang, termasuk koreksi harga batu            correction in global coal prices that impacted demand and
bara global yang berdampak pada permintaan dan tarif         fleet charter rates, amid the Company's efforts to make
sewa armada, di tengah langkah Perseroan melakukan           operational adjustments and optimize its fleet portfolio to
penyesuaian operasional dan optimalisasi portofolio armada   maintain long-term performance sustainability.
untuk menjaga keberlanjutan kinerja jangka panjang.

Sejalan dengan penurunan pendapatan neto tersebut,           In line with the decline in net revenue, the Company’s
laba tahun berjalan yang dibukukan Perseroan juga            current year profit also decreased by 28.17% to
terkoreksi sebesar 28,17% menjadi Rp87,12 miliar dari        Rp87.12 billion from Rp121.29 billion in the previous
tahun sebelumnya sebesar Rp121,29 miliar. Namun              year. However, the Company recorded a significant
demikian, Perseroan mencatat peningkatan jumlah              increase in assets, from Rp1,199.58 billion at the
aset yang cukup signifikan, yaitu menjadi Rp1.534,44         end of 2024 to Rp1,534.44 billion. Similarly, the
miliar dari Rp1.199,58 miliar pada akhir tahun 2024.         Company’s equity increased to Rp838.86 billion from
Demikian juga dengan ekuitas Perseroan yang meningkat        Rp762.45 billion in the previous year.		
menjadi Rp838,86 miliar dari tahun sebelumnya sebesar
Rp762,45 miliar.

Tahun 2025, persentase kargo yang diangkut oleh kapal        In 2025, the proportion of cargo carried by the Company’s
milik Perseroan meningkat 16% dibandingkan periode           owned fleet increased by 16% year-on-year, while reliance
tahun 2024, sementara porsi kargo yang diangkut              on chartered vessels decreased by 29%, reflecting
menggunakan kapal sewaan menurun 29%, seiring dengan         improved fleet optimization and cost efficiency, in line with
upaya Perseroan untuk mengoptimalkan penggunaan              the Company’s efforts to optimize the use of its own ships,
kapal milik sendiri yang didukung oleh penambahan            supported by the addition of four sets of fleets in 2025.
4 set armada pada tahun 2025. Hal ini membuat EBITDA         This has enabled the Company’s EBITDA to continue to
Perseroan terus meningkat dan terjaga, didukung oleh         increase and remain stable, supported by the addition of
penambahan armada serta peningkatan utilisasi kapal.         the fleet and increased ship utilization.




                16%
                                            Persentase kargo kapal milik
                                            (ownship) Perseroan




Laporan Tahunan Annual Report 2025                                                                                      31
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Ikhtisar Kinerja                       Laporan Manajemen        Profil Perusahaan              Analisis dan Pembahasan Manajemen
Highlights Performance                 Management Report        Company Profile                Management Discussion and Analysis




Selain itu, volume pengangkutan kargo non-grup juga            In addition, the volume of non-group cargo transportation
terus mengalami peningkatan. Sepanjang tahun 2025,             also continued to increase. Throughout 2025, the volume
volume pengangkutan kargo non-grup mencapai 3,04 juta          of non-group cargo transportation reached 3.04 million
MT, yang berkontribusi sekitar 29% terhadap pendapatan         MT, contributing approximately 29% to the Company’s
Perseroan. Sejalan dengan meningkatnya jumlah armada,          revenue. In line with the increase in the number of fleets, the
Perseroan terus fokus menjalin kemitraan dan memperoleh        Company continues to focus on establishing partnerships
pelanggan baru untuk meningkatkan kinerja.                     and acquiring new customers to improve performance.

Strategi Pengelolaan Sumber Daya Manusia                       Human Capital Management Strategy (HR)
(SDM)

Sepanjang tahun 2025, Perseroan menempatkan                    Throughout 2025, the Company has positioned human
pengelolaan sumber daya manusia sebagai pilar strategis        resource management as a strategic pillar in strengthening
dalam memperkuat ketahanan organisasi dan menjaga              organizational resilience and maintaining performance
keberlanjutan kinerja di tengah dinamika industri pelayaran    sustainability amid the dynamics of the shipping and
dan logistik laut. Direksi meyakini bahwa SDM yang             maritime logistics industry. The Board of Directors believes
unggul tidak hanya ditentukan oleh kompetensi teknis,          that excellent human resources are determined not only
tetapi juga oleh karakter, kesejahteraan, dan tingkat          by technical competence, but also by the character, well-
keterikatan karyawan terhadap nilai serta tujuan jangka        being, and level of employee commitment to the company’s
panjang perusahaan.                                            long-term values and goals.

Dalam konteks pengembangan kepemimpinan dan                    In the context of leadership development and talent
kesinambungan talenta, Perseroan secara konsisten              continuity, the Company consistently involves employees
mengikutsertakan karyawan dari berbagai jenjang                from various levels of the organization in the Hasnur
organisasi dalam Hasnur Leadership Development Program         Leadership Development Program (HLDP) organized
(HLDP) yang diselenggarakan oleh perusahaan induk              by the Hasnur Group holding company. This program
Hasnur Group. Program ini dirancang untuk membentuk            is designed to develop adaptive, ethical, and strategic
pemimpin yang adaptif, berintegritas, dan berpandangan         leaders, while strengthening the alignment of values and
strategis, sekaligus memperkuat keselarasan nilai dan          leadership culture across all entities in the group.
budaya kepemimpinan di seluruh entitas dalam grup.

Sejalan dengan agenda peningkatan kapabilitas di               In line with the agenda of increasing capabilities in the
era digital, Perseroan menyediakan akses Learning              digital era, the Company provides access to a Learning
Management System (LMS) bagi seluruh karyawan, yang            Management System (LMS) for all employees, which
dilengkapi dengan berbagai modul pembelajaran daring.          is equipped with various online learning modules. In
Selain itu, Perseroan juga mendorong pengembangan              addition, the Company also encourages the development
kompetensi digital melalui partisipasi dalam short course      of digital competencies through participation in short
dan pelatihan tematik yang relevan dengan kebutuhan            courses and thematic training relevant to business needs,
bisnis, termasuk penguatan literasi data, pemanfaatan          including strengthening data literacy, utilizing digital
teknologi digital, serta peningkatan keterampilan              technology, and improving operational and managerial
pendukung operasional dan manajerial. Inisiatif ini            support skills. This initiative aims to build an adaptive,
bertujuan untuk membangun tenaga kerja yang adaptif,           future-ready workforce capable of supporting the
future-ready, dan mampu mendukung transformasi                 Company’s sustainable operational transformation.
operasional Perseroan secara berkelanjutan.

Untuk menumbuhkan budaya inovasi dan perbaikan                 To foster a culture of innovation and continuous
berkelanjutan, Perseroan secara rutin menyelenggarakan         improvement, the Company regularly organizes Quality
Quality Control Circle (QCC) sebagai wadah partisipasi aktif   Control Circles (QCCs) as a forum for active employee
karyawan dalam mengidentifikasi tantangan operasional          participation in identifying operational challenges and
dan merumuskan solusi yang aplikatif. Program ini tidak        formulating applicable solutions. This program not only
hanya mendorong efisiensi dan peningkatan kualitas proses      encourages efficiency and improvement in work processes,
kerja, tetapi juga memperkuat kolaborasi lintas fungsi serta   but also strengthens cross-functional collaboration and
menanamkan semangat kepemilikan, ketangguhan, dan              instills a spirit of ownership, resilience, and togetherness
kebersamaan di lingkungan kerja.                               in the work environment.




32                                                                                        PT Hasnur Internasional Shipping Tbk
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Tata Kelola Perusahaan                Laporan Keberlanjutan
Good Corporate Governance             Sustainability Report




Di sisi lain, Perseroan memandang kesejahteraan                On the other hand, the Company views employee
karyawan sebagai elemen penting dalam membangun                welfare as an important element in building a resilient
organisasi yang tangguh dan berkelanjutan. Oleh karena         and sustainable organization. Therefore, the Company
itu, Perseroan mengimplementasikan berbagai program            implements various holistic employee wellbeing programs,
employee wellbeing yang bersifat holistik, mencakup            covering physical, mental, and spiritual aspects. These
aspek fisik, mental, dan spiritual. Program tersebut           programs include umrah pilgrimage for employees with
antara lain pemberangkatan ibadah umroh bagi karyawan          a certain length of service as a form of appreciation
dengan masa kerja tertentu sebagai bentuk apresiasi            and reward, employee recitation activities to strengthen
dan penghargaan, kegiatan pengajian karyawan untuk             spiritual values and togetherness, and the organization
memperkuat nilai spiritual dan kebersamaan, serta              of regular sports activities relevant to employee interests,
penyelenggaraan aktivitas olahraga rutin yang relevan          such as padel, golf driving range, and group running.
dengan minat karyawan, seperti padel, driving range golf,
dan lari bersama.

Sebagai bagian dari penguatan tata kelola sumber daya          As part of strengthening human capital governance, the
manusia, Perseroan secara konsisten menginternalisasikan       Company consistently internalizes the Seven Core Values
Tujuh Nilai Inti Hasnur Group–Kesatuan Sikap, Dapat            of Hasnur Group–Unity of Attitude, Trustworthiness,
Dipercaya, Disiplin, Pantang Menyerah, Keadilan,               Discipline, Perseverance, Fairness, Togetherness, and
Kebersamaan, dan Bijaksana–sebagai fondasi budaya              Wisdom–as the foundation of an adaptive, collaborative,
kerja yang adaptif, kolaboratif, dan berintegritas. Nilai-     and integrity-based work culture. These values serve as
nilai tersebut menjadi acuan perilaku kerja, kepemimpinan,     a reference for work behavior, leadership, and decision-
serta pengambilan keputusan di seluruh tingkatan               making at all levels of the organization, ensuring alignment
organisasi, sehingga memastikan keselarasan antara             between business strategy, performance management, and
strategi bisnis, manajemen kinerja, dan penerapan              the implementation of good corporate governance. For the
tata kelola perusahaan yang baik. Bagi Perseroan,              Company, this value-based culture is a strategic asset that
budaya berbasis nilai ini merupakan aset strategis yang        supports consistent execution, prudent risk management,
mendukung konsistensi eksekusi, pengelolaan risiko yang        and the creation of long-term value for shareholders.
hati-hati dan terukur, serta penciptaan nilai jangka panjang
bagi pemegang saham.

Secara keseluruhan, strategi pengelolaan SDM Perseroan         Overall, the Company’s HR management strategy is aimed
diarahkan untuk membangun organisasi yang tidak hanya          at building an organization that is not only technically
kompeten secara teknis, tetapi juga kuat secara karakter       competent, but also strong in character and culture.
dan budaya. Dengan mengintegrasikan pengembangan               By integrating competency development, innovation,
kompetensi, inovasi, kepemimpinan, serta kesejahteraan         leadership, and employee welfare, the Company affirms
karyawan, Perseroan menegaskan komitmennya untuk               its commitment to creating superior human resources
menciptakan SDM unggul yang siap menghadapi tantangan          who are ready to face future challenges and support
masa depan dan mendukung keberhasilan Perseroan                the Company’s success in continuing to move forward
untuk terus "Melaju Lebih Tangguh".                            more resiliently.

Pengembangan dan Pemanfaatan                                   Information Technology Development
Teknologi Informasi                                            and Utilization

Pada tahun 2025, Perseroan terus memperkuat                    In 2025, the Company will continue to strengthen the
pengembangan dan pemanfaatan teknologi informasi               development and utilization of information technology as
sebagai fondasi utama dalam mendukung transformasi             a key foundation in supporting operational transformation,
operasional, peningkatan kualitas layanan, serta penguatan     service quality improvement, and strengthening corporate
tata kelola perusahaan. Teknologi informasi diposisikan        governance. Information technology is positioned as a
sebagai strategic enabler yang memungkinkan Perseroan          strategic enabler that allows the Company to respond to the
merespons dinamika industri pelayaran dan logistik laut        dynamics of the shipping and maritime logistics industry in
secara lebih adaptif, efisien, dan terukur.                    a more adaptive, efficient, and measurable manner.




Laporan Tahunan Annual Report 2025                                                                                      33
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Ikhtisar Kinerja                         Laporan Manajemen         Profil Perusahaan                Analisis dan Pembahasan Manajemen
Highlights Performance                   Management Report         Company Profile                  Management Discussion and Analysis




Perseroan melanjutkan pengembangan platform digital               The Company continues to develop the internal digital
internal GAGAS sebagai sistem terintegrasi yang                   platform GAGAS as an integrated system that supports
mendukung pemantauan operasional armada secara                    real-time monitoring of fleet operations. Through GAGAS,
real-time. Melalui GAGAS, manajemen memperoleh                    management obtains comprehensive and accurate
data operasional yang komprehensif dan akurat                     operational data to support strategic decision-making,
untuk mendukung pengambilan keputusan strategis,                  fleet performance control, and optimization of operational
pengendalian kinerja armada, serta optimalisasi                   planning. In 2025, the development of GAGAS will be
perencanaan       operasional.     Pada     tahun   2025,         expanded with the addition of a compliance dashboard
pengembangan GAGAS diperluas dengan penambahan                    module that serves to monitor the implementation of
modul dasbor kepatuhan yang berfungsi untuk memonitor             mandatory activities in accordance with applicable
pelaksanaan kegiatan wajib sesuai ketentuan regulasi dan          regulations and compliance standards. This module
standar kepatuhan yang berlaku. Modul ini meningkatkan            improves the visibility, accountability, and effectiveness of
visibilitas, akuntabilitas, serta efektivitas pengelolaan         compliance risk management across all of the Company’s
risiko kepatuhan di seluruh lini operasional Perseroan.           operational lines.

Sejalan dengan itu, Perseroan mengimplementasikan                 In line with this, the Company implemented an integrated
sistem manajemen aset yang terintegrasi guna                      asset management system to improve asset utilization
meningkatkan efisiensi pemanfaatan aset dan mendukung             efficiency and support more optimal asset lifecycle
pengelolaan siklus hidup aset secara lebih optimal.               management. The information technology infrastructure
Infrastruktur teknologi informasi juga diperkuat melalui          was also strengthened through the implementation of a
penerapan cloud-based disaster recovery center untuk              cloud-based disaster recovery center to ensure business
memastikan kontinuitas bisnis dan keamanan data dalam             continuity and data security under various conditions. In
berbagai kondisi. Selain itu, penerapan Microsoft 365             addition, the comprehensive implementation of Microsoft
secara menyeluruh di lingkungan kerja Perseroan telah             365 in the Company’s work environment has improved
meningkatkan kolaborasi, produktivitas, serta keamanan            collaboration, productivity, and information access
akses informasi antar unit kerja.                                 security between work units.

Melalui integrasi sistem dan digitalisasi proses bisnis,          Through system integration and business process
Perseroan      mendorong        peningkatan      transparansi,    digitalization, the Company encourages increased
keandalan data, serta koordinasi lintas fungsi yang               transparency, data reliability, and more effective cross-
lebih efektif. Inisiatif transformasi digital ini tidak hanya     functional coordination. This digital transformation initiative
mendukung efisiensi internal, tetapi juga meningkatkan            not only supports internal efficiency, but also improves the
kualitas layanan kepada pelanggan dan mitra usaha melalui         quality of services to customers and business partners
penyediaan informasi yang lebih cepat, akurat, dan dapat          through the provision of faster, more accurate, and reliable
diandalkan. Dengan komitmen berkelanjutan terhadap                information. With its ongoing commitment to information
pengembangan teknologi informasi, Perseroan optimistis            technology development, the Company is optimistic
dapat memperkuat daya saing, menjaga keberlanjutan                that it can strengthen its competitiveness, maintain
operasional, serta menciptakan nilai jangka panjang bagi          operational sustainability, and create long-term value for
seluruh pemangku kepentingan.                                     all stakeholders.




       Perseroan memperkuat posisinya dengan terus mengembangkan
       infrastruktur logistik terintegrasi, termasuk pengembangan fasilitas floating
       loading, sebagai landasan pertumbuhan berkelanjutan di tengah dinamika
       industri pelayaran.

       The Company reinforced its position by advancing the development of integrated logistics
       infrastructure, including floating loading facilities, to underpin sustainable growth amid
       continued shifts in the shipping industry.




34                                                                                            PT Hasnur Internasional Shipping Tbk
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Tata Kelola Perusahaan               Laporan Keberlanjutan
Good Corporate Governance            Sustainability Report




Penerapan Tata Kelola Perusahaan                             Corporate Governance Implementation

Sepanjang tahun 2025, Perseroan terus memperkuat             Throughout 2025, the Company continues to strengthen
penerapan Tata Kelola Perusahaan yang Baik (Good             the implementation of Good Corporate Governance
Corporate Governance/GCG) sebagai fondasi utama              (GCG) as the main foundation in maintaining operational
dalam menjaga ketahanan operasional dan mendukung            resilience and supporting sustainable business growth.
pertumbuhan bisnis yang berkelanjutan. Di tengah dinamika    Amidst the challenging dynamics of the shipping and
industri pelayaran dan logistik laut yang penuh tantangan,   maritime logistics industry, the Board of Directors views
Direksi memandang GCG tidak hanya sebagai pemenuhan          GCG not only as a compliance obligation, but also as
kewajiban kepatuhan, tetapi sebagai kerangka strategis       a strategic framework for ensuring quality decision-
dalam memastikan kualitas pengambilan keputusan,             making, execution discipline, and protection of the
disiplin eksekusi, serta perlindungan kepentingan seluruh    interests of all stakeholders.		
pemangku kepentingan.

Penguatan tata kelola dilakukan melalui kolaborasi yang      The strengthening of governance is carried out through
erat antara Direksi dan Dewan Komisaris, termasuk            close collaboration between the Board of Directors and
penyegaran susunan Dewan Komisaris yang bertujuan            the Board of Commissioners, including the rejuvenation
memperkuat fungsi pengawasan, independensi, dan              of the composition of the Board of Commissioners, which
kualitas diskusi strategis. Mekanisme pengawasan             aims to strengthen its supervisory function, independence,
dijalankan secara efektif melalui rapat rutin, evaluasi      and the quality of strategic discussions. The supervisory
kinerja, serta peran aktif komite-komite di bawah Dewan      mechanism is carried out effectively through regular
Komisaris, sehingga tercipta sistem checks and balances      meetings, performance evaluations, and the active role of
yang mendukung keberlanjutan kinerja Perseroan.              committees under the Board of Commissioners, thereby
                                                             creating a system of checks and balances that supports
                                                             the Company’s sustainable performance.

Dalam menghadapi tekanan pasar dan meningkatnya              In facing market pressures and increasing regulatory
kompleksitas regulasi, Perseroan mengintegrasikan            complexity, the Company integrates the implementation
penerapan GCG dengan manajemen risiko dan sistem             of GCG with risk management and a comprehensive
kepatuhan secara menyeluruh. Identifikasi dan mitigasi       compliance system. Risk identification and mitigation are
risiko dilakukan secara terstruktur untuk menjaga            carried out in a structured manner to maintain operational
kesinambungan operasional dan stabilitas kinerja. Sejalan    continuity and performance stability. In line with the digital
dengan agenda transformasi digital, Perseroan juga mulai     transformation agenda, the Company has also begun to
memanfaatkan teknologi informasi untuk meningkatkan          utilize information technology to improve visibility and
visibilitas dan pengendalian kepatuhan, termasuk             compliance control, including monitoring of mandatory
pemantauan kewajiban regulasi yang bersifat wajib.           regulatory obligations.

Komitmen terhadap prinsip transparansi, akuntabilitas, dan   The commitment to the principles of transparency,
integritas diwujudkan melalui penyampaian informasi yang     accountability, and integrity is manifested through the
akurat dan tepat waktu dan penerapan kebijakan etika         delivery of accurate and timely information and the
bisnis. Perseroan meyakini bahwa tata kelola yang efektif    implementation of business ethics policies. The Company
harus didukung oleh budaya organisasi yang menjunjung        believes that effective governance must be supported
tinggi integritas dan tanggung jawab di seluruh lini         by an organizational culture that upholds integrity and
operasional, khususnya dalam sektor transportasi dan         responsibility across all lines of operations, particularly in
logistik laut yang memiliki tingkat risiko tinggi.           the maritime transportation and logistics sector, which has
                                                             a high level of risk.

Penerapan GCG yang konsisten juga menjadi landasan           The consistent implementation of GCG also serves as the
dalam mendukung berbagai keputusan strategis Perseroan       foundation for supporting the Company’s various strategic
sepanjang tahun 2025, termasuk investasi penambahan          resolutions throughout 2025, including investments in
armada dan pengembangan fasilitas bongkar muat               fleet expansion and the development of a floating loading




Laporan Tahunan Annual Report 2025                                                                                      35
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Ikhtisar Kinerja                      Laporan Manajemen        Profil Perusahaan              Analisis dan Pembahasan Manajemen
Highlights Performance                Management Report        Company Profile                Management Discussion and Analysis




terapung. Seluruh inisiatif tersebut dilaksanakan dengan      facility. All of these initiatives are carried out with an
mengedepankan prinsip kehati-hatian, keselamatan,             emphasis on the principles of prudence, safety, legal
kepatuhan hukum, serta pertimbangan keberlanjutan             compliance, and long-term sustainability considerations,
jangka panjang, guna memastikan nilai tambah yang             in order to ensure optimal added value for the Company
optimal bagi Perusahaan dan pemegang saham.                   and its shareholders.

Ke depan, Perseroan akan terus menyempurnakan                 Going forward, the Company will continue to refine its
praktik tata kelola perusahaan agar tetap relevan dengan      corporate governance practices to remain relevant to
perkembangan regulasi, tuntutan pasar, dan praktik terbaik    regulatory developments, market demands, and industry
industri. Melalui penguatan kompetensi organ tata kelola,     best practices. Through strengthening the competence
penyempurnaan kebijakan internal, serta pemanfaatan           of its governance organs, refining internal policies, and
teknologi, Perseroan menegaskan komitmennya untuk             utilizing technology, the Company affirms its commitment
membangun sistem GCG yang adaptif dan berkelanjutan.          to building an adaptive and sustainable GCG system. With
Dengan tata kelola yang kokoh, Perseroan optimistis dapat     robust governance, the Company is optimistic that it can
melaju lebih tangguh dalam menghadapi dinamika industri       move forward more resiliently in facing industry dynamics
serta menciptakan nilai jangka panjang bagi seluruh           and create long-term value for all stakeholders.
pemangku kepentingan.

Prospek Usaha Tahun 2026                                      Business Outlook for 2026

Prospek ekonomi Indonesia pada tahun 2026 diperkirakan        Indonesia’s economic outlook in 2026 is expected to
tetap berada dalam jalur ekspansi meskipun menghadapi         remain on track for expansion despite structural and
tantangan struktural dan global. Indikator awal               global challenges. Early indicators of economic growth
pertumbuhan ekonomi menunjukkan tren moderat yang             show a moderate trend reflecting domestic and global
mencerminkan dinamika permintaan domestik dan global,         demand dynamics, while several key sectors, including
sementara beberapa sektor utama, termasuk manufaktur          manufacturing and commodity exports, have recorded
dan ekspor komoditas, mencatat perbaikan performa             improved performance despite still being below their
meskipun masih berada di bawah potensi penuh. Kondisi         full potential. These conditions signal a competitive
ini mengisyaratkan lingkungan bisnis yang kompetitif          business environment that is also full of opportunities,
sekaligus penuh peluang, terutama bagi perusahaan yang        especially for companies that are adaptive and responsive
adaptif dan responsif terhadap perubahan makroekonomi         to macroeconomic changes and fiscal policies.
serta kebijakan fiskal.

Di sektor komoditas, pemerintah Indonesia telah               In the commodities sector, the Indonesian government
mengumumkan rencana pemangkasan produksi batu                 has announced plans to cut coal production for 2026
bara untuk tahun 2026 menjadi sekitar 600 juta ton, lebih     to around 600 million tons, lower than the national
rendah dibandingkan realisasi produksi nasional sebesar       production realization of 790 million tons in 2025.
790 juta ton pada 2025. Kebijakan ini diambil sebagai         This policy was taken in response to global price
respons terhadap tekanan harga global akibat pasokan          pressures due to oversupply and aims to stabilize coal
yang berlebih dan bertujuan untuk menstabilkan harga          prices in the medium term. This production cut is seen
batu bara dalam jangka menengah. Langkah pemangkasan          as a strategic effort by the government to maintain
produksi ini dipandang sebagai upaya strategis pemerintah     the balance of the national and global coal markets,
untuk menjaga keseimbangan pasar batu bara nasional           which has an impact on reference prices.		
dan global yang berdampak pada harga acuan.

Di sisi kebijakan fiskal, pemerintah juga tengah              On the fiscal policy side, the government is also finalizing
memfinalisasi pengenaan bea keluar atas ekspor batu           the imposition of an export duty on coal exports, which is
bara yang direncanakan mulai berlaku sejak Januari 2026.      planned to take on January 2026. This policy is expected
Kebijakan ini diharapkan dapat menyumbang penerimaan          to contribute to state revenue in the range of tens to more
negara dalam kisaran belasan hingga lebih dari dua            than twenty trillion rupiah, while also having a redistributive
puluh triliun rupiah, sekaligus memberikan dampak             impact on the trade of strategic commodities. For
redistributif terhadap tata niaga komoditas strategis. Bagi   industry players, the export duty policy is expected to
pelaku industri, kebijakan bea keluar diperkirakan akan       affect export costs and freight rate structures, especially
mempengaruhi biaya ekspor serta struktur freight rate,        if the tariff is higher than initially estimated.
khususnya jika tarif pengenaan berada dalam rentang
yang lebih tinggi dari perkiraan awal.




36                                                                                       PT Hasnur Internasional Shipping Tbk
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Tata Kelola Perusahaan                  Laporan Keberlanjutan
Good Corporate Governance               Sustainability Report




       Sebagai bagian dari strategi pengembangan usaha, Perseroan akan memperluas basis
       layanan logistik ke segmen pasar di luar batu bara, termasuk kargo non-fosil dan
       komoditas bernilai tambah, serta memperkuat penetrasi pasar domestik dan regional.
       As part of its business development strategy, the Company will expand its logistics service base
       to market segments beyond coal, including non-fossil cargo and value-added commodities, and
       strengthen its domestic and regional market penetration.




Dalam konteks usaha pelayaran dan logistik batu bara,             In the context of coal shipping and logistics, the
kombinasi faktor produksi yang turun dan pengenaan                combination of declining production factors and the
bea keluar menimbulkan tantangan operasional dan                  imposition of export duties poses significant operational
ekonomi yang signifikan. Penurunan produksi akan                  and economic challenges. The decline in production will
berdampak langsung pada volume angkutan komoditas,                have a direct impact on commodity transport volumes,
sementara potensi beban tambahan biaya ekspor dapat               while the potential for additional export costs could affect
mempengaruhi daya saing angkutan laut Indonesia di pasar          the competitiveness of Indonesian sea transport in the
internasional. Kondisi ini mendorong Perseroan untuk              international market. These conditions have prompted
menyesuaikan strategi operasional, termasuk optimalisasi          the Company to adjust its operational strategy, including
kapasitas armada dan perencanaan rute yang efisien, guna          optimizing fleet capacity and efficient route planning, in
mempertahankan kinerja logistik yang kompetitif.                  order to maintain competitive logistics performance.

Namun demikian, kondisi tersebut juga membuka peluang             However, these conditions also open up strategic
strategis untuk memperluas basis layanan logistik ke              opportunities to expand the logistics service base to other
segmen pasar lain di luar batu bara, termasuk kargo non-          market segments beyond coal, including non-fossil cargo
fosil dan komoditas bernilai tambah, serta memperkuat             and value-added commodities, as well as strengthening
penetrasi pasar domestik dan regional. Pengembangan               domestic and regional market penetration. The
layanan yang lebih terintegrasi dan diversifikasi portofolio      development of more integrated services and customer
pelanggan menjadi bagian penting dari strategi Perseroan          portfolio diversification are an important part of the
untuk tetap tangguh di tengah dinamika sektor komoditas.          Company’s strategy to remain resilient amid the dynamics
                                                                  of the commodity sector.

Selain itu, transformasi digital serta peningkatan efisiensi      In addition, digital transformation and operational efficiency
operasional tetap menjadi fokus utama dalam menghadapi            improvements remains key priorities in the face of market
volatilitas pasar dan tekanan margin. Pemanfaatan teknologi       volatility and margin pressures. The use of increasingly
informasi yang semakin canggih, seperti pemantauan                sophisticated information technology, such as real-
secara real-time, pemanfaatan data analytics, serta               time monitoring, data analytics, and the implementation
penerapan sistem kepatuhan berbasis digital, diharapkan           of digital compliance systems, is expected to support
dapat mendukung ketepatan perencanaan operasional                 more accurate operational planning and more proactive
dan pengambilan keputusan yang lebih proaktif.                    resolution-making.

Secara keseluruhan, prospek usaha Perseroan di                    Overall, the Company’s business outlook for 2026 remains
tahun 2026 tetap positif namun menuntut strategi                  positive but requires flexible and responsive strategies.
yang fleksibel dan responsif.       Keberhasilan dalam            Success in maintaining performance stability will largely
menjaga stabilitas kinerja akan sangat bergantung pada            depend on the Company’s ability to navigate fiscal and
kemampuan Perseroan untuk menavigasi perubahan                    industry policy changes, adjust its operational strategy to
kebijakan fiskal dan industri, menyesuaikan strategi              coal volume dynamics, and continue to optimize the use of
operasional terhadap dinamika volume batu bara, serta             its fleet and technology to ensure the sustainability of its
terus mengoptimalkan penggunaan armada dan teknologi              shipping and commodity cargo logistics business.
untuk menjamin keberlanjutan bisnis pelayaran dan logistik




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laut kargo komoditas.                                       Implementation of Sustainability Practices

Penerapan Aspek Keberlanjutan                               The Company places sustainability at the core of its
                                                            business and operational strategies by balancing three
Perseroan menjadikan aspek keberlanjutan sebagai            main dimensions, namely social (people), environmental
inti dari strategi bisnis dan operasionalnya dengan         (planet), and economic (prosperity). We consistently
menyeimbangkan tiga dimensi utama, yaitu sosial (people),   implement good governance and compliance with ESG
lingkungan (planet), dan ekonomi (prosperity). Kami         (Environmental, Social, Governance) regulations and
secara konsisten menerapkan tata kelola yang baik serta     principles across all lines of business. In terms of the
kepatuhan pada regulasi dan prinsip ESG (Environmental,     environment, the Company focuses on energy efficiency
Social, Governance) di seluruh lini usaha. Dalam aspek      and the use of environmentally friendly technology, as
lingkungan, Perseroan fokus pada efisiensi energi dan       well as commodity diversification in order to minimize the
penggunaan teknologi ramah lingkungan serta diversifikasi   impact of its operations on the ecosystem.
komoditas agar dapat meminimalkan dampak operasional
                                                            In 2025, the Company initiated various flagship CSR
terhadap ekosistem.
                                                            programs, such as a nursery development initiative for
Tahun 2025, Perseroan menginisiasi berbagai program         2,000 tree seedlings in the KM01-Sungai Puting area, as
CSR unggulan, seperti inisiatif pengembangan fasilitas      a tangible manifestation of the Company's commitment to
persemaian untuk 2.000 bibit pohon di area KM01-Sungai      carbon sequestration efforts. The Company also adopted
Puting, sebagai wujud nyata komitmen Perseroan dalam        green shipping by operating a more environmentally
upaya penyerapan karbon. Perseroan juga mengadopsi          friendly fleet of ships, including the application of solar
green shipping dengan mengoperasikan armada kapal           panels on new ships to reduce dependence on fossil
yang lebih ramah lingkungan, termasuk penerapan             fuels. On the social side, the Company empowered the
panel surya di armada kapal baru untuk mengurangi           community and employees through welfare improvement
ketergantungan pada bahan bakar fosil. Di sisi sosial,      programs and various training and education activities.
Perseroan memberdayakan masyarakat dan karyawan
melalui program peningkatan kesejahteraan serta berbagai
                                                            Through this commitment, the Company integrates
kegiatan pelatihan dan edukasi.
                                                            sustainability into every aspect of its business, supporting
Melalui komitmen ini, Perseroan mengintegrasikan            responsible growth while preserving the environment and
keberlanjutan ke dalam setiap aspek bisnisnya, mendukung    providing a positive social impact. This approach is also
pertumbuhan yang bertanggung jawab sekaligus menjaga        reflected in the involvement of the Board of Directors in
kelestarian lingkungan dan memberikan dampak sosial         the supervision and implementation of ESG programs,
positif. Pendekatan ini juga tercermin pada pelibatan       including incorporating sustainability aspects into
Direksi dalam pengawasan dan implementasi program           individual KPIs and the internalization of corporate values
ESG, termasuk memasukkan aspek keberlanjutan dalam          on an ongoing basis.
KPI individu dan internalisasi nilai-nilai perusahaan
secara berkelanjutan.                                       Sustainability Performance in 2025

Kinerja Keberlanjutan Tahun 2025                            Throughout 2025, the Company will continue to integrate
                                                            sustainability principles into its business strategy to create
Sepanjang tahun 2025, Perseroan terus mengintegrasikan      long-term value for all stakeholders. The Company’s
prinsip keberlanjutan ke dalam strategi bisnis guna         sustainability     implementation       covers     economic,
menciptakan nilai jangka panjang bagi seluruh pemangku      environmental, social, and corporate governance aspects.
kepentingan. Implementasi keberlanjutan Perseroan
mencakup aspek ekonomi, lingkungan, sosial, dan tata
                                                            In 2025, the Company delivered solid sustainability
kelola perusahaan.
                                                            performance. From an economic perspective, despite
Pada tahun 2025, Perseroan menunjukkan capaian kinerja      lower revenue and profit compared to the previous year,
keberlanjutan yang cukup solid. Dari aspek ekonomi,         the Company continued to strengthen its logistics and




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kendati pendapatan dan laba mengalami penurunan dari         shipping fundamentals. It pursued operational efficiency
tahun sebelumnya, namun Perseroan terus memperkuat           and expanded value-added services, supporting resilient
fundamental usaha logistik dan pelayaran. Perseroan          performance amid volatility in the commodity and logistics
melanjutkan strategi efisiensi operasional dan penguatan     sectors. These achievements provide an important
layanan bernilai tambah sehingga kinerja keuangan tetap      foundation for sustaining investment, developing a
positif di tengah dinamika sektor komoditas dan logistik.    more environmentally friendly fleet, and boosting the
Pencapaian ini menjadi fondasi penting untuk mendukung       confidence of investors and other stakeholders.
investasi berkelanjutan, pengembangan armada yang
lebih ramah lingkungan, serta memperkuat kepercayaan
                                                             From a social perspective, the Company enhanced its
investor dan pemangku kepentingan.
                                                             Social and Environmental Responsibility (CSR) programs,
Dari aspek sosial, Perseroan memperkuat program              focusing on community economic development, quality-
Tanggung Jawab Sosial dan Lingkungan (TJSL/CSR)              of-life improvements, and harmonious relationships
yang berfokus pada pengembangan ekonomi masyarakat,          with communities around its operational areas. Through
peningkatan kualitas hidup, dan hubungan harmonis            initiatives such as community food-crop cultivation,
dengan komunitas sekitar wilayah operasional. Melalui        capacity-building programs, and ESG-aligned social
berbagai inisiatif, seperti program budi daya tanaman        activities, the Company received recognition through the
pangan di masyarakat, penguatan kapasitas masyarakat,        TOP CSR Awards 2025, underscoring the strength of its
serta program sosial yang sejalan dengan prinsip ESG,        governance and the tangible impact of its CSR programs.
Perseroan memperoleh pengakuan melalui penghargaan           This recognition reflects the alignment between the
TOP CSR Awards 2025 yang menegaskan kualitas tata            Company’s business strategy and its commitment to
kelola dan dampak sosial program CSR-nya. Penghargaan        supporting the Sustainable Development Goals (SDGs).
ini mencerminkan keselarasan antara strategi bisnis          		
dan komitmen Perseroan dalam berkontribusi terhadap
                                                             From an environmental perspective, the Company made
pencapaian tujuan pembangunan berkelanjutan (SDGs).
                                                             meaningful progress in managing its environmental impact
Dari aspek lingkungan, Perseroan menunjukkan kemajuan        through green shipping initiatives aimed at reducing
nyata dalam pengelolaan dampak lingkungan melalui            emissions. The Company increased the use of more
inisiatif green shipping untuk mengurangi emisi yang         environmentally friendly fuels and installed solar panels
dihasilkan. Perseroan mengimplementasikan penggunaan         on several vessels to help reduce fuel consumption. These
bahan bakar lebih ramah lingkungan, pemasangan panel         efforts were recognised through The Best Corporate Emission
surya di beberapa armada kapal untuk mengurangi              Reduction Transparency Award 2025 and the Katadata
konsumsi BBM. Komitmen ini mendapat apresiasi berupa         Green Initiative Award, reinforcing the Company's position
The Best Corporate Emission Reduction Transparency           as a shipping company that is serious about integrating
Award 2025 dan Katadata Green Initiative Award, yang         environmental principles into its operations.
menegaskan posisi Perseroan sebagai pelaku usaha
pelayaran yang serius mengintegrasikan prinsip lingkungan
dalam operasional bisnisnya.                                 Challenges in Sustainability Implementation

Tantangan Penerapan Keberlanjutan                            In implementing sustainability, the Company faces a
                                                             number of challenges. The first is the dynamics of the global
Dalam penerapan aspek keberlanjutan, Perseroan               market and commodity price fluctuations that affect the
menghadapi sejumlah tantangan. Pertama adalah                stability of revenue and operations, requiring the Company
dinamika pasar global dan fluktuasi harga komoditas yang     to maintain business efficiency and resilience while
mempengaruhi kestabilan pendapatan dan operasional,          continuing to prioritize sustainability principles. Second,
sehingga Perseroan harus menjaga efisiensi dan ketahanan     the adaptation of environmentally friendly technologies
bisnis sambil tetap memprioritaskan prinsip keberlanjutan.   such as green shipping requires large investments and a
Kedua, adaptasi teknologi ramah lingkungan seperti green     transformation of work culture that is not easy to implement
shipping membutuhkan investasi besar dan transformasi        quickly across all lines of operations.
budaya kerja yang tidak mudah diterapkan secara cepat di




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seluruh lini operasional.                                   In addition, another challenge is ensuring the involvement
                                                            and awareness of all stakeholders, including employees
Selain itu, tantangan lain adalah memastikan keterlibatan
                                                            and business partners, in the sustainability agenda so that
dan kesadaran seluruh pemangku kepentingan, termasuk
                                                            the program is effective and sustainable. The complexity
karyawan dan mitra bisnis, dalam agenda keberlanjutan
                                                            of regulations and compliance requirements for ESG
sehingga program menjadi efektif dan berkelanjutan.
                                                            (Environmental, Social, Governance) standards, as well as
Kompleksitas regulasi dan tuntutan kepatuhan terhadap
                                                            reporting transparency, also demand capable resources
standar ESG (Environmental, Social, Governance) serta
                                                            and management systems. The Company continues
transparansi pelaporan juga menuntut sumber daya dan
                                                            to strive to overcome these challenges with innovative
sistem manajemen yang mumpuni. Perusahaan terus
                                                            strategies and the strengthening of corporate values so
berupaya mengatasi tantangan-tantangan ini dengan
                                                            that sustainability is not just a slogan, but is truly integrated
strategi inovatif dan penguatan nilai-nilai perusahaan
                                                            into its daily culture and operations.
agar keberlanjutan tidak hanya menjadi slogan, tetapi
benar-benar terintegrasi dalam budaya dan operasional
sehari- hari.                                               With strong commitment, the Company is undergoing
                                                            a sustainability transformation process that requires a
Dengan komitmen kuat, Perseroan sedang menjalani proses
                                                            balance between economic efficiency, environmental
transformasi keberlanjutan yang menuntut keseimbangan
                                                            preservation, and social responsibility amid complex
antara efisiensi ekonomi, pelestarian lingkungan, dan
                                                            competition and dynamics in the maritime industry.
tanggung jawab sosial di tengah persaingan dan dinamika
industri maritim yang kompleks.
                                                            Closing
Penutup                                                     The Board of Directors would like to express its deepest
                                                            appreciation to all stakeholders, including shareholders,
Direksi menyampaikan apresiasi yang sebesar-besarnya
                                                            customers, business partners, regulators, and all
kepada seluruh pemangku kepentingan, termasuk
                                                            employees, for their support, trust, and dedication
pemegang saham, pelanggan, mitra usaha, regulator,
                                                            throughout 2025.
serta seluruh karyawan, atas dukungan, kepercayaan, dan
dedikasi sepanjang tahun 2025.                              The Company will continue to strengthen its operations,
                                                            improve governance, and create sustainable added value
Perseroan   akan     terus   memperkuat     operasional,
                                                            for all stakeholders.
meningkatkan tata kelola, serta menciptakan nilai tambah
yang berkelanjutan bagi seluruh pemangku kepentingan.




 Jakarta, Februari February 2026

 Atas nama Direksi
 On behalf of the Board of Directors




 Jayanti Sari

 Direktur Utama
 President Director




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Direksi
Board of Directors




                  Laorentina Devi          Rickie            Jayanti Sari         Rahmad Pudjotomo
                  Direktur                 Direktur          Direktur Utama       Direktur
                  Director                 Director          President Director   Director




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Laporan Dewan Komisaris
Report from the Board of Commissioners




                                                                  Zainal Hadi
                                                                  HAS HB
                                                                  Komisaris Utama
                                                                  President Commissioner




42                                              Annual Report 2025 PT PT
                                                                      Hasnur Internasional
                                                                         Hasnur InternasionalShipping
                                                                                              Shipping Tbk
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      “ Dewan Komisaris melakukan pengawasan terhadap
        implementasi strategi yang dijalankan Direksi untuk
        memastikan Perseroan telah dikelola sesuai visi, misi dan
        target yang telah ditetapkan. Selain itu, Dewan Komisaris
        juga memastikan Perseroan telah berjalan sesuai peraturan
        perundang-undangan yang berlaku.
        The Board of Commissioners oversees the implementation of strategies executed by
        the Board of Directors to ensure that the Company is managed in accordance with its
        vision, mission, and established objectives. The Board of Commissioners also ensures that
        the Company’s operations remain in full compliance with applicable laws and regulations.




        Pemegang Saham dan Pemangku Kepentingan yang Terhormat,

        Segala puji dan syukur kami panjatkan kepada Tuhan Yang Maha Esa atas rahmat-Nya yang melimpahkan
        ketangguhan bagi PT Hasnur Internasional Shipping Tbk dalam menghadapi dinamika pasar tahun 2025.
        Meskipun mengalami tekanan dari penurunan harga batu bara, Perseroan tetap mencatatkan hasil positif
        serta mempertahankan optimisme pertumbuhan melalui strategi operasional yang adaptif.


        Dear Shareholders and Stakeholders,

        We are grateful for the resilience and strength that have enabled PT Hasnur
        Internasional Shipping Tbk to navigate market dynamics throughout 2025.
        Despite pressures arising from declining coal prices, the Company continued to
        deliver positive performance and maintained a constructive outlook for growth
        through the implementation of adaptive operational strategies.




Laporan  Tahunan
Laporan Tahunan   2025
                Annual   PT Hasnur
                       Report 2025 Internasional Shipping Tbk                                                  43
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Highlights Performance                Management Report        Company Profile               Management Discussion and Analysis




Tahun 2025 menjadi tahun evaluasi strategis bagi              2025 was a year of strategic evaluation for the
Perseroan di tengah tantangan global seperti fluktuasi        Company amid global challenges such as commodity
harga komoditas dan tantangan domestik berupa                 price fluctuations and domestic challenges in the form
persaingan logistik yang ketat. Dengan komitmen tak           of intense logistics competition. With an unwavering
tergoyahkan terhadap Good Corporate Governance,               commitment to Good Corporate Governance, the Board of
Dewan Komisaris aktif mengawasi transformasi Direksi          Commissioners actively oversees the transformation of the
dalam mengoptimalkan armada, serta memperluas sinergi         Board of Directors in optimizing the fleet and expanding
dengan Hasnur Group untuk mendukung ekspor batu bara          synergies with Hasnur Group to support coal exports to
ke Asia Tenggara.                                             Southeast Asia.

Sebagai pilar bisnis transportasi dan logistik laut Hasnur    As the pillar of Hasnur Group’s marine transportation and
Group, Perseroan berperan aktif dalam mendukung               logistics business, the Company plays an active role in
perekonomian nasional melalui layanan pengangkutan            supporting the national economy through commodity cargo
kargo komoditas via laut. Peran strategis tersebut            transportation services by sea. This strategic role is carried
dijalankan dengan penguatan tata kelola perusahaan            out by strengthening effective corporate governance,
yang efektif, di bawah arahan Dewan Komisaris                 under the direction of the Board of Commissioners and the
serta kepemimpinan Direksi dalam menetapkan arah,             leadership of the Board of Directors in setting direction,
pengawasan, dan pengambilan keputusan strategis.              supervision, and strategic decision-making. Supported
Didukung oleh kompetensi dan dedikasi seluruh karyawan,       by the competence and dedication of all employees, the
Perseroan secara konsisten menjaga keberlangsungan            Company consistently maintains operational sustainability,
operasional, khususnya di wilayah Kalimantan dan jaringan     particularly in the Kalimantan region and vital river-sea
rute sungai–laut yang vital, guna menciptakan kinerja yang    route networks, in order to create sustainable and long-
berkelanjutan dan bernilai jangka panjang.                    term value.

Dewan Komisaris optimis momentum ketangguhan                  The Board of Commissioners is optimistic that this
ini akan melaju pada 2026 melalui inovasi digital,            momentum of resilience will continue in 2026 through
ekspansi layanan fasilitas bongkar muat terapung,             digital innovation, expansion of floating loading facilities,
serta penguatan pengelolaan risiko dalam menghadapi           and strengthening of risk management in the face of
volatilitas pasar.                                            market volatility.

Tinjauan Makroekonomi Global &                   Industri     Global     Macroeconomic         Overview        &
Transportasi dan Logistik di Indonesia                        Transportation and Logistics Industry in Indonesia

Memasuki tahun 2025, ekonomi global menunjukkan               As the Company entered 2025, the global economy is
tanda-tanda stabilitas yang lebih kuat setelah melewati       showing signs of stronger stability after going through
fase ketidakpastian pada tahun sebelumnya. Berdasarkan        a phase of uncertainty in the previous year. Based on
proyeksi terbaru IMF, pertumbuhan ekonomi global              the latest IMF projections, global economic growth
diperkirakan tetap berada di kisaran 3,2%, didukung oleh      is expected to remain at around 3.2%, supported by
penurunan inflasi di negara maju dan pemulihan bertahap       declining inflation in developed countries and a gradual
di sektor manufaktur serta perdagangan internasional.         recovery in the manufacturing sector and international
Meskipun demikian, ketegangan geopolitik, harga energi        trade. However, geopolitical tensions, fluctuating energy
yang masih berfluktuasi, serta perlambatan ekonomi di         prices, and economic slowdowns in several regions
beberapa wilayah Eropa dan Tiongkok tetap menjadi faktor      of Europe and China remain major risk factors.
risiko utama.

Di kawasan Asia, momentum pertumbuhan ekonomi tetap           In Asia, economic growth momentum remains robust,
terjaga, terutama berkat konsumsi domestik yang solid         driven primarily by solid domestic consumption and
dan ekspansi sektor teknologi dan industri hijau. Indonesia   expansion in the technology and green industry sectors.
terus menunjukkan ketahanan ekonomi yang kuat, dengan         Indonesia continues to demonstrate strong economic
pertumbuhan PDB pada tahun 2025 diperkirakan berada           resilience, with GDP growth in 2025 projected at around
di kisaran 5%, ditopang oleh kebijakan fiskal dan moneter     5%, supported by prudent fiscal and monetary policies,
yang terjaga, peningkatan investasi infrastruktur, serta      increased infrastructure investment, and increased
meningkatnya aktivitas ekspor.                                export activity.

Sektor transportasi dan logistik di Indonesia semakin         The transportation and logistics sector in Indonesia is
berperan penting dalam mendukung rantai pasok nasional        playing an increasingly important role in supporting
maupun     perdagangan    internasional. Pertumbuhan          the national supply chain and international trade. The
perdagangan elektronik, investasi kawasan industri,           growth of e-commerce, investment in industrial estates,
serta peningkatan volume perdagangan antarpulau dan           and increased inter-island and overseas trade volumes
luar negeri mendorong peningkatan permintaan layanan          are driving increased demand for sea, land, and air




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transportasi laut, darat, dan udara. Pemerintah juga           transportation services. The government is also continuing
melanjutkan sejumlah proyek strategis nasional, termasuk       a number of national strategic projects, including the
pengembangan pelabuhan laut dalam, digitalisasi sistem         development of deep-sea ports, the digitization of logistics
logistik, serta integrasi transportasi multimoda untuk         systems, and the integration of multimodal transportation
memperkuat efisiensi distribusi barang.                        to strengthen the efficiency of goods distribution.

Industri pelayaran nasional mendapatkan manfaat dari           The national shipping industry has benefited from
peningkatan kapasitas pelabuhan dan sistem logistik            increased port capacity and an integrated logistics system,
terpadu, yang turut memperkuat konektivitas maritim.           which has also strengthened maritime connectivity.
Namun, sektor ini tetap menghadapi tantangan berupa            However, the sector continues to face challenges in the
volatilitas harga bahan bakar, reformasi regulasi              form of fuel price volatility, environmental regulatory
lingkungan, dan ketidakpastian rantai pasok global. Oleh       reforms, and global supply chain uncertainty. Therefore,
karena itu, Perseroan perlu menerapkan strategi adaptif        the Company need to implement adaptive strategies that
yang mengutamakan efisiensi energi, diversifikasi pasar,       prioritize energy efficiency, market diversification, and the
serta pemanfaatan teknologi digital.                           use of digital technology.

Penerapan teknologi informasi, sistem otomasi, dan             The application of information technology, automation
solusi berbasis data menjadi kunci transformasi                systems, and data-based solutions will be key to the
industri transportasi dan logistik di tahun 2025. Selain       transformation of the transportation and logistics industry
meningkatkan efisiensi operasional, langkah ini juga           in 2025. In addition to improving operational efficiency, this
mendukung komitmen terhadap prinsip keberlanjutan dan          step also supports the commitment to sustainability and
pengurangan emisi karbon. Perseroan terus memperkuat           carbon emission reduction. The Company continues to
inisiatif digitalisasi dan inovasi hijau sebagai bagian dari   strengthen its digitalization and green innovation initiatives
strategi jangka panjang untuk menghadapi dinamika              as part of its long-term strategy to address industry
industri dan mempertahankan daya saing di pasar nasional       dynamics and maintain competitiveness in the national and
maupun global.                                                 global markets.

Penilaian Kinerja Direksi                                      Board of Directors Performance Assessment

Dewan Komisaris menilai bahwa Direksi telah melaksanakan       The Board of Commissioners assessed that the Board of
tugas dan tanggung jawabnya secara efektif dan hati-hati       Directors had carried out its duties and responsibilities
sepanjang tahun 2025, khususnya dalam menghadapi               effectively and prudently throughout 2025, particularly in
dinamika industri pelayaran yang menantang akibat              facing the challenging dynamics of the shipping industry
penurunan harga batu bara yang berdampak langsung              due to the decline in coal prices, which had a direct
pada tekanan tarif sewa. Dalam kondisi tersebut,               impact on charter rates. Under these conditions, the
Direksi menunjukkan kepemimpinan yang adaptif dan              Board of Directors demonstrated adaptive and responsive
responsif melalui pengambilan keputusan strategis yang         leadership through strategic decision-making focused
berfokus pada keberlanjutan kinerja dan perlindungan           on sustainability of performance and protection of the
nilai Perseroan.                                               Company’s value.

Meskipun pendapatan bersih konsolidasian mengalami             Although consolidated net income declined compared to
penurunan dibandingkan tahun sebelumnya, Dewan                 the previous year, the Board of Commissioners assessed
Komisaris menilai Direksi berhasil mengimplementasikan         that the Board of Directors successfully implemented
program efisiensi yang terukur dan berkelanjutan, antara       measurable and sustainable efficiency programs, including
lain melalui optimalisasi tingkat penggunaan (utilization      through the optimization of the utilization rate of the charter
rate) armada kapal sewa, pengendalian biaya operasional        fleet, strict control of operating costs, and a review of the
secara ketat, serta peninjauan ulang struktur biaya yang       cost structure in line with market conditions. In addition,
disesuaikan dengan kondisi pasar. Selain itu, Direksi juga     the Board of Directors was also able to strengthen revenue
mampu memperkuat diversifikasi sumber pendapatan               source diversification by increasing the contribution of the
dengan meningkatkan kontribusi segmen bongkar muat             loading–unloading segment through subsidiaries, thereby
melalui entitas anak, sehingga memberikan bantalan             providing a buffer for performance amid commodity
kinerja di tengah tekanan pasar komoditas.                     market pressures.

Dalam aspek pengelolaan risiko, Direksi dinilai berhasil       In terms of risk management, the Board of Directors was
menerapkan sistem manajemen risiko terintegrasi yang           deemed successful in implementing an effective integrated
efektif dalam memitigasi dampak fluktuasi pasar sewa dan       risk management system to mitigate the impact of charter
volatilitas harga bahan bakar. Sepanjang tahun pelaporan,      market fluctuations and fuel price volatility. Throughout the
tidak terdapat kejadian kerugian materiil yang bersumber       reporting year, there were no material losses arising from
dari risiko operasional maupun keuangan. Penguatan             operational or financial risks. The strengthening of the
sistem pengendalian internal melalui fungsi audit internal     internal control system through the internal audit function
serta tindak lanjut atas rekomendasi Komite Audit juga telah   and follow-up on the Audit Committee’s recommendations




Laporan Tahunan Annual Report 2025                                                                                         45
Page 48
Ikhtisar Kinerja                      Laporan Manajemen       Profil Perusahaan            Analisis dan Pembahasan Manajemen
Highlights Performance                Management Report       Company Profile              Management Discussion and Analysis




berjalan dengan baik, sehingga mendukung kepatuhan           has also been carried out well, thereby supporting
terhadap ketentuan OJK, BEI, serta regulasi maritim          compliance with OJK, IDX, and national and international
nasional dan internasional. Dewan Komisaris mencatat         maritime regulations. The Board of Commissioners noted
tidak adanya sanksi administratif maupun temuan material     that there were no administrative sanctions or material
dari pemeriksaan regulator selama periode tersebut.          findings from regulatory audits during the period.

Penerapan prinsip tata kelola perusahaan yang baik           The Board of Directors’ implementation of Good Corporate
oleh Direksi dinilai konsisten dan memadai, tercermin        Governance principles was deemed consistent and
dari keterbukaan informasi material yang tepat waktu,        adequate, as reflected in the timely disclosure of material
pengelolaan transaksi afiliasi dan pihak berelasi sesuai     information, the management of affiliated and related party
dengan Prinsip Kewajaran dan Kelaziman Usaha (Arm's          transactions in accordance with the arm’s length principle,
Length Principle), serta komunikasi dan koordinasi yang      and effective communication and coordination with the
efektif dengan Dewan Komisaris. Di sisi pengelolaan          Board of Commissioners. In terms of human resource
sumber daya manusia, Direksi juga menunjukkan komitmen       management, the Board of Directors also demonstrated its
terhadap penguatan kapabilitas organisasi melalui program    commitment to strengthening organizational capabilities
pelatihan, pengembangan, dan retensi karyawan, yang          through employee training, development, and retention
tercermin dari tingkat pergantian karyawan yang relatif      programs, as reflected in the relatively low turnover rate
rendah serta peningkatan produktivitas operasional.          and increased operational productivity.

Secara keseluruhan, Dewan Komisaris menilai kinerja          Overall, the Board of Commissioners assessed that the
Direksi, baik secara kolektif maupun individual, telah       performance of the Board of Directors, both collectively
memenuhi ekspektasi dalam menjaga ketahanan Perseroan        and individually, has met expectations in maintaining the
di tengah tekanan industri, sekaligus meletakkan fondasi     Company’s resilience amid industry pressures, while laying
yang kuat bagi penciptaan nilai jangka panjang bagi          a strong foundation for the creation of long-term value
pemegang saham.                                              for shareholders.

Mekanisme Pengawasan Dewan Komisaris                         Supervisory Mechanism of the Board of
                                                             Commissioners

Dewan Komisaris terus menjalankan pengawasan intensif        The Board of Commissioners continues to exercise
terhadap implementasi strategi melalui rapat berkala,        intensive supervision over the implementation of strategies
baik Rapat Dewan Komisaris maupun rapat gabungan             through regular meetings, both Board of Commissioners
dengan Direksi, serta evaluasi kinerja berdasarkan           Meetings and Joint Meetings with the Board of Directors,
indikator kinerja utama yang telah disesuaikan dengan        as well as performance evaluations based on Key
dinamika industri transportasi 2025. Pengawasan ini          Performance Indicators (KPIs) that have been adjusted
juga mencakup pemberian masukan strategis untuk              to the dynamics of the 2025 transportation industry. This
menyelaraskan Rencana Kerja dan Anggaran Perusahaan          supervision also includes providing strategic input to align
(RKAP) 2025 dengan visi jangka panjang Perseroan,            the 2025 Company Work Plan and Budget (RKAP) with
termasuk adaptasi terhadap pertumbuhan sektor logistik       the Company’s long-term vision, including adaptation
nasional yang diproyeksikan mencapai kisaran 12,53%.         to the projected at approximately 12.53% growth of the
Pendekatan ini memastikan strategi tetap relevan di tengah   national logistics sector. This approach ensures that the
ketidakpastian geopolitik dan transformasi digital.          strategy remains relevant amid geopolitical uncertainty
                                                             and digital transformation.

Melalui Komite Audit, pengelolaan risiko operasional, tata   Through the Audit Committee, operational risk
kelola keuangan, serta kepatuhan regulasi dijaga secara      management, financial governance, and regulatory
efektif sesuai prinsip tata kelola perusahaan yang baik.     compliance are effectively maintained in accordance
Proses ini memperkuat pengambilan keputusan berbasis         with the principles of good corporate governance (GCG).
data secara seketika (real-time), termasuk pemantauan        This process strengthens real-time data-driven decision
dampak fluktuasi harga bahan bakar dan regulasi              making, including monitoring the impact of fuel price
lingkungan baru pada tahun 2025, sehingga meminimalkan       fluctuations and new environmental regulations in 2025,
potensi disrupsi rantai pasok.                               thereby minimizing potential supply chain disruptions.

Pengawasan meluas ke efektivitas program keberlanjutan,      Oversight extends to the effectiveness of sustainability
seperti transisi ke bahan bakar rendah emisi (misalnya LNG   programs, such as the transition to low-emission fuels
atau biofuel) dan penerapan teknologi untuk pengurangan      (e.g., LNG or biofuel) and the application of technologies
emisi karbon sesuai target Net Zero Emission 2060.           for carbon emission reduction in line with the 2060
Dewan Komisaris aktif memberikan umpan balik kepada          Net Zero Emission target. The Board of Commissioners
Direksi terkait peluang seperti ekspansi pelabuhan laut      actively provides feedback to the Board of Directors
dalam dan tantangan volatilitas perdagangan global,          on opportunities such as deep-sea port expansion and
memastikan pencapaian target strategis Perseroan.            the challenges of global trade volatility, ensuring the
                                                             achievement of the Company’s strategic targets.



46                                                                                     PT Hasnur Internasional Shipping Tbk
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Tata Kelola Perusahaan                Laporan Keberlanjutan
Good Corporate Governance             Sustainability Report




Sistem pelaporan transparan dan akurat, termasuk                 A transparent and accurate reporting system, including
dasbor digital untuk pemantauan progres, terus didorong          a digital dashboard for progress monitoring, continues to
sebagai alat utama evaluasi strategi. Dengan mekanisme           be promoted as a key tool for strategy evaluation. With
ini, Dewan Komisaris menjaga keseimbangan check and              this mechanism, the Board of Commissioners maintains a
balance antara pengawasan dan dukungan Direksi, selaras          balance of checks and balances between supervision and
dengan pedoman tata kerja Dewan Komisaris tahun 2025.            support for the Board of Directors, in line with the 2025
                                                                 Board of Commissioners’ Charter.

Saran dan Nasihat Dewan Komisaris                                Recommendations and Advice from the Board
                                                                 of Commissioners

Dewan Komisaris merekomendasikan Perseroan untuk                 The Board of Commissioners recommends that the
terus memperkuat kapasitas sumber daya manusia (SDM)             Company continue to strengthen its human resource
melalui program pengembangan kompetensi berbasis                 capacity through competency development programs
digitalisasi dan pemanfaatan kecerdasan buatan (AI), guna        based on digitalization and the use of artificial intelligence
mendukung peningkatan produktivitas dan efektivitas              (AI) to support increased productivity and operational
operasional. Seiring dengan agenda transformasi logistik         effectiveness. In line with the 2025 logistics transformation
tahun 2025, adopsi teknologi seperti Internet of Things          agenda, the adoption of technologies such as the Internet
(IoT), big data, serta sistem manajemen operasional              of Things (IoT), big data, and integrated operational
terintegrasi    dinilai  strategis  untuk   meningkatkan         management systems is considered strategic to improve
visibilitas rantai pasok, keandalan layanan, dan efisiensi       supply chain visibility, service reliability, and fleet
pengelolaan armada.                                              management efficiency.

Fokus      pengembangan          usaha      diarahkan pada       The focus of business development is directed at
diversifikasi layanan logistik laut yang terintegrasi,           diversifying integrated maritime logistics services,
antara lain melalui perluasan jenis kargo yang dilayani,         including through expanding the types of cargo served,
penguatan dan diversifikasi armada sesuai karakteristik          strengthening and diversifying the fleet according to cargo
muatan, serta pengembangan layanan hulu ke hilir                 characteristics, and developing end-to-end maritime
logistik laut dari titik muat hingga titik bongkar.              logistics services from the point of loading to the point
                                                                 of unloading.

Direksi didorong untuk memperkuat hubungan dengan                The Board of Directors is encouraged to strengthen
pemangku kepentingan melalui komunikasi transparan,              relationships with stakeholders through transparent
kolaborasi strategis dengan mitra bisnis, pemasok, dan           communication and strategic collaboration with business
pemerintah, guna menciptakan nilai jangka panjang yang           partners, suppliers, and the government to create
berkelanjutan di sektor logistik yang diproyeksikan tumbuh       sustainable long-term value in the logistics sector, which
5,05%–12,53%. Pendekatan ini mencakup pembangunan                is projected to grow by 5.05%–12.53%. This approach
jaringan kuat untuk mengatasi persaingan ketat dan               includes building a strong network to overcome fierce
keterbatasan infrastruktur.                                      competition and infrastructure limitations.




               12,53%
                                                              Sektor
                                                              Logistik




Perseroan juga perlu meningkatkan adaptasi terhadap              The Company also needs to improve its adaptation to
regulasi baru tahun 2025, seperti kebijakan efisiensi rantai     new regulations in 2025, such as national supply chain
pasok nasional, standar emisi karbon, dan penataan logistik      efficiency policies, carbon emission standards, and
oleh Kementerian Perhubungan, yang dapat memengaruhi             logistics arrangements by the Ministry of Transportation,
operasional dan keuangan perusahaan. Dengan strategi             which may affect the Company’s operations and finances.
ini, Perseroan dapat memanfaatkan peluang pertumbuhan            With this strategy, the Company can take advantage of
ekonomi Indonesia sambil memitigasi tantangan seperti            Indonesia’s economic growth opportunities while mitigating
fluktuasi bahan bakar dan perang dagang global.                  challenges such as fuel fluctuations and global trade wars.




Laporan Tahunan Annual Report 2025                                                                                          47
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Ikhtisar Kinerja                        Laporan Manajemen       Profil Perusahaan             Analisis dan Pembahasan Manajemen
Highlights Performance                  Management Report       Company Profile               Management Discussion and Analysis




Pandangan atas Penerapan Tata Kelola                           Views on the Implementation of Corporate
Perusahaan                                                     Governance

Dewan Komisaris menilai bahwa Perseroan telah                  The Board of Commissioners considers that the
menunjukkan komitmen yang konsisten dan berkelanjutan          Company has demonstrated consistent and ongoing
dalam menerapkan prinsip-prinsip tata kelola perusahaan        commitment to implementing the principles of good
yang baik di seluruh aspek pengelolaan perusahaan.             corporate governance (GCG) in all aspects of company
Penerapan transparansi, akuntabilitas, responsibilitas,        management. The implementation of transparency,
independensi, dan kewajaran telah menjadi landasan             accountability, responsibility, independence, and fairness
utama dalam pengambilan keputusan dan pengelolaan              has become the main foundation for decision-making and
usaha, sehingga memperkuat kepercayaan pemangku                business management, thereby strengthening stakeholder
kepentingan serta mendukung kepatuhan terhadap                 trust and supporting compliance with applicable laws
peraturan perundang-undangan yang berlaku.                     and regulations.

Dalam rangka memperkuat kerangka tata kelola                   In order to strengthen the corporate governance
perusahaan, Perseroan telah mengimplementasikan                framework, the Company has implemented proactive
kebijakan dan mekanisme pengendalian yang proaktif dan         and comprehensive control policies and mechanisms,
komprehensif, termasuk sistem pelaporan pelanggaran            including a whistleblowing system as a safe and
sebagai sarana pelaporan pelanggaran yang aman dan             independent means of reporting violations. The Board
independen. Dewan Komisaris memandang bahwa                    of Commissioners considers that the implementation of
pelaksanaan audit internal dan audit eksternal secara          periodic internal and external audits has been effective
berkala telah berfungsi efektif dalam mengevaluasi             in evaluating the adequacy and effectiveness of the
kecukupan dan efektivitas sistem pengendalian internal,        internal control system, while ensuring that financial
sekaligus memastikan kesesuaian pelaporan keuangan             reporting complies with nationally and internationally
dengan standar akuntansi dan praktik terbaik yang berlaku      accepted accounting standards and best practices.
secara nasional maupun internasional.

Dewan Komisaris juga mendukung penguatan kapasitas             The Board of Commissioners also supports strengthening
dan kompetensi insan Perseroan melalui program pelatihan       the capacity and competence of the Company’s personnel
dan sosialisasi tata kelola perusahaan yang baik secara        through ongoing GCG training and socialization programs.
berkesinambungan. Upaya ini bertujuan untuk menanamkan         These efforts aim to instill a comprehensive understanding
pemahaman yang menyeluruh atas prinsip tata kelola             of good corporate governance principles, while building
perusahaan yang baik, sekaligus membangun budaya               a work culture that upholds integrity, transparency, and
kerja yang menjunjung tinggi integritas, transparansi, dan     accountability at all levels of the organization.
akuntabilitas di seluruh tingkatan organisasi.



       Dewan Komisaris mengapresiasi langkah yang dilakukan Direksi dalam
       mengantisipasi dinamika ekonomi dan bisnis sepanjang tahun 2025.
       Strategi dan kebijakan strategis yang dijalankan Direksi juga telah sejalan
       dengan rencana jangka panjang Perseroan.

       The Board of Commissioners appreciates the steps taken by the Board of Directors in anticipating
       economic and business dynamics throughout 2025. The strategies and strategic policies implemented by
       the Board of Directors are also in line with the Company’s long-term plans.




Pandangan atas Penerapan Praktik ESG                           Views on the Implementation of ESG Practices

Dewan Komisaris mendukung penuh inisiatif Perseroan            The Board of Commissioners fully supports the Company’s
dalam mengintegrasikan praktik lingkungan, sosial, tata        initiative to comprehensively integrate environment, social,
kelola (ESG) secara menyeluruh ke dalam operasi bisnis         governance (ESG) practices into its business operations
tahun 2025, yang menghasilkan penghargaan Katadata             in 2025, which resulted in the Katadata ESG Index
ESG Index Awards 2025 serta The Best Corporate                 Awards 2025 and The Best Corporate Emission Reduction
Emission Reduction Transparency Award 2025. Fokus              Transparency Award 2025. The focus is on energy
pada efisiensi energi melalui retrofitting armada,             efficiency through fleet retrofitting, zero-waste waste
pengelolaan limbah zero-waste, dan pemberdayaan                management, and local community empowerment and
masyarakat lokal serta penanaman bibit pohon. Langkah-         tree planting. These measures reflect HIS’s commitment
langkah ini mencerminkan komitmen Perseroan terhadap           to long-term sustainability, in line with the Sustainable
keberlanjutan jangka panjang, selaras dengan Tujuan            Development Goals (SDGs) and Asta Cita Nasional.
Pembangunan Berkelanjutan dan Asta Cita Nasional.


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Tata Kelola Perusahaan               Laporan Keberlanjutan
Good Corporate Governance            Sustainability Report




Pada aspek lingkungan, Perseroan telah mengadopsi             In terms of the environment, the Company has adopted
teknologi ramah lingkungan seperti penggunaan biodiesel       environmentally friendly technologies such as the use
B40 pada armada tugboat, mengurangi emisi karbon dan          of B40 biodiesel in its tugboat fleet, reducing carbon
memenuhi IMO sulfur cap 2025, serta optimalisasi rute         emissions and complying with the IMO sulfur cap 2025,
sehingga dapat menghemat BBM. Selain itu juga dilakukan       as well as optimizing routes to save fuel. In addition,
inisiatif pengembangan fasilitas persemaian untuk             development of a nursery for 2,000 tree seedlings in the
2.000 bibit pohon area KM01-Sungai Puting, penggunaan         KM01-Sungai Puting area, use solar panels on several
panel surya di beberapa armada sebagai sumber energi          fleets as an alternative energy source, and conduct
alternatif, kegiatan bersih-bersih Pantai Tabanio (beach      beach clean-ups at Tabanio Beach. The Company has
clean-up). Perseroan juga telah memberdayakan                 also empowered local communities through soft skills
masyarakat lokal melalui program pelatihan keterampilan       training programs for MSMEs in South Kalimantan,
nonteknis bagi UMKM Kalimantan Selatan, Program Jumat         the Jumat Berkah (Blessed Friday) program involving
Berkah yang melibatkan ratusan warga, Klinik Terapung         hundreds of residents, and the Floating Clinic for Alalak
bagi warga Alalak Utara, di mana berbagai program             Utara residents. These programs have earned the
tersebut membuat Perseroan berhasil meraih TOP CSR            Company the TOP CSR Awards Stars 4 2025.
Awards Stars 4 2025.

Pada aspek tata kelola, Perseroan telah melaksanakan          In terms of governance, the Company has implemented
pelaporan keberlanjutan secara transparan dan tepat waktu     transparent and timely sustainability reporting to the
kepada Otoritas Jasa Keuangan dan Bursa Efek Indonesia.       Financial Services Authority and the Indonesia Stock
Kepatuhan terhadap ketentuan peraturan perundang-             Exchange. Compliance with laws and regulations,
undangan, termasuk Peraturan Menteri Perhubungan              including Minister of Transportation Regulation No. 6 of
Nomor 6 Tahun 2025 serta perkembangan kebijakan               2025 and developments in policies related to the Logistics
terkait Rancangan Undang-Undang Logistik, dijaga melalui      Bill, is maintained through independent audit mechanisms.
mekanisme audit independen. Atas komitmen tersebut,           For this commitment, the Company received the 2025
Perseroan memperoleh penghargaan Indonesia Regulatory         Indonesia Regulatory Compliance Awards (IRCA).
Compliance Awards (IRCA) 2025.

Direksi memandang implementasi prinsip ESG bukan              The Board of Directors views the implementation of ESG
semata-mata sebagai kewajiban kepatuhan, melainkan            principles not merely as a compliance obligation, but as
sebagai peluang strategis dalam menciptakan keunggulan        a strategic opportunity to create competitive advantage
kompetitif dan nilai tambah jangka panjang. Pendekatan ini    and long-term added value. This approach is reflected
tercermin dari pengakuan InvestorTrust Best Companies         in the InvestorTrust Best Companies 2025 recognition
2025 pada sektor transportasi dan logistik, serta capaian     in the transportation and logistics sector, as well as the
penurunan emisi Scope 3 sebesar 25%. Dengan integrasi         achievement of a 25% reduction in Scope 3 emissions.
aspek keberlanjutan yang berkesinambungan, Dewan              With the integration of sustainable aspects, the Board of
Komisaris menilai Perseroan berada pada jalur yang            Commissioners considers the Company to be on the right
tepat untuk memperkuat posisinya sebagai perusahaan           track to strengthen its position as an environmentally
pelayaran dan logistik yang bertanggung jawab secara          and socially responsible shipping and logistics company
lingkungan dan sosial di Indonesia.                           in Indonesia.

Prospek Usaha                                                 Business Outlook

Memasuki tahun 2026, Perseroan memandang dinamika             As we move into 2026, the Company views market
pasar dengan optimisme yang terukur, seiring dengan           dynamics with measured optimism, in line with its revenue
target pertumbuhan pendapatan yang didukung oleh              growth targets supported by potential improvements in
potensi perbaikan harga komoditas batu bara serta             coal commodity prices and optimization of fleet utilization.
optimalisasi utilisasi armada. Di tengah ketidakpastian       Amid ongoing global uncertainty, the Company has a
global yang masih berlangsung, Perseroan memiliki fondasi     strong planning foundation through its RKAP and adaptive
perencanaan yang kuat melalui RKAP serta strategi adaptif,    strategies, including the use of floating loading facilities (FLF),
termasuk pemanfaatan floating loading facility (FLF), untuk   to strengthen operational and market risk mitigation.
memperkuat mitigasi risiko operasional dan pasar.

Selain itu, Perseroan terus mengembangkan layanan             In addition, the Company continues to develop
logistik laut terintegrasi yang didukung teknologi            integrated marine logistics services supported by real-
pemantauan real-time dan optimalisasi rute berbasis           time monitoring technology and artificial intelligence-
kecerdasan buatan. Upaya peningkatan efisiensi                based route optimization. Efforts to improve operational
operasional melalui penambahan armada secara selektif         efficiency through selective fleet additions and the
serta pengembangan inovasi end-to-end transshipment           development of end-to-end transshipment innovations
diharapkan menjadi pendorong utama dalam menangkap            are expected to be the main drivers in capturing market
peluang pasar dan menciptakan sumber pendapatan               opportunities and creating additional sources of revenue
tambahan bagi Perseroan.                                      for the Company.



Laporan Tahunan Annual Report 2025                                                                                            49
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Ikhtisar Kinerja                       Laporan Manajemen        Profil Perusahaan             Analisis dan Pembahasan Manajemen
Highlights Performance                 Management Report        Company Profile               Management Discussion and Analysis




Dewan Komisaris menilai, potensi sinergi dengan mitra          The Board of Commissioners assesses that the potential
strategis domestik sangat besar di Kalimantan Selatan.         for synergy with domestic strategic partners is enormous
Diversifikasi layanan curah kering (dry cargo) ke curah cair   in South Kalimantan. Diversification of dry cargo services
(liquid cargo) serta eksplorasi rute baru juga akan semakin    to liquid cargo and exploration of new routes will also
memperkuat ketahanan usaha.                                    further strengthen business resilience.

Seiring dengan pertumbuhan sektor logistik nasional dan        In line with the growth of the national logistics sector
berlanjutnya agenda hilirisasi di sektor pertambangan,         and the ongoing downstream agenda in the mining
Perseroan meyakini kemampuannya untuk menghadapi               sector, the Company believes in its ability to face various
berbagai tantangan sekaligus menciptakan nilai tambah          challenges while creating added value for stakeholders
bagi para pemangku kepentingan melalui penyediaan              through the provision of seamless port-to-port maritime
layanan logistik laut yang seamless dari port-to-port.         logistics services.

Penutup                                                        Closing

Sebagai penutup, Dewan Komisaris menyampaikan                  In closing, the Board of Commissioners would like to
apresiasi dan terima kasih kepada Direksi, seluruh             express its appreciation and gratitude to the Board of
karyawan, pemegang saham, mitra strategis, serta para          Directors, all employees, shareholders, strategic partners,
pemangku kepentingan atas dedikasi dan kerja sama              and stakeholders for their dedication and cooperation,
yang telah berkontribusi terhadap pencapaian kinerja           which have contributed to the Company's performance
Perseroan sepanjang tahun 2025. Di tengah tantangan            throughout 2025. Amidst industry challenges, including
industri, termasuk tekanan harga batu bara dan dinamika        pressure on coal prices and global geopolitical dynamics,
geopolitik global, kerja keras seluruh jajaran Perseroan       the hard work of the entire Company has enabled it to
memungkinkan diraihnya berbagai pengakuan eksternal,           achieve various external recognitions, including the
antara lain Katadata ESG Index Awards 2025, TOP CSR            Katadata ESG Index Awards 2025, TOP CSR Awards with
Awards dengan peringkat 4 Stars, serta InvestorTrust           a 4-Star rating, and InvestorTrust Best Companies.
Best Companies.

Dewan Komisaris menegaskan komitmennya untuk terus             The Board of Commissioners reaffirmed its commitment to
memberikan arahan strategis dan dukungan kepada                continue providing strategic direction and support to the
Direksi dalam menghadapi tantangan ke depan. Dengan            Board of Directors in facing future challenges. With a spirit
semangat kolaborasi, inovasi, dan sinergi yang kuat            of collaboration, innovation, and strong synergy across
di seluruh lini organisasi, Perseroan optimistis dapat         all lines of the organization, the Company is optimistic
melanjutkan perjalanan pertumbuhan yang berkelanjutan          that it can continue its journey of sustainable growth by
melalui penguatan diversifikasi kargo dan armada,              strengthening its cargo and fleet diversification, as well as
serta memperkokoh posisinya sebagai perusahaan                 solidifying its position as a competitive sea transportation
transportasi dan logistik laut yang kompetitif di Indonesia    and logistics company in Indonesia and abroad.
dan mancanegara.




Jakarta, Februari February 2026

Atas nama Dewan Komisaris
On behalf of the Board of Commissioners




Zainal Hadi HAS HB

Komisaris Utama
President Commissioner




50                                                                                        PT Hasnur Internasional Shipping Tbk
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Tata Kelola Perusahaan                 Laporan Keberlanjutan
Good Corporate Governance              Sustainability Report




Dewan Komisaris
Board of Commissioners




                            Iwanho                   Zainal Hadi HAS HB       Hendra Iskandar Lubis
                            Komisaris                Komisaris Utama          Komisaris Independen
                            Commissioner             President Commissioner   Independent Commissioner




Laporan Tahunan Annual Report 2025                                                                       51
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Ikhtisar Kinerja                        Laporan Manajemen        Profil Perusahaan            Analisis dan Pembahasan Manajemen
Highlights Performance                  Management Report        Company Profile              Management Discussion and Analysis




Pernyataan Tanggung Jawab Direksi dan
Dewan Komisaris atas Laporan Tahunan 2025
Statement of Responsibility of the Directors and
the Board of Commissioners for the 2025 Annual Report



Kami yang bertanda tangan di bawah ini menyatakan               We, the undersigned, hereby declare that all information in
bahwa semua informasi dalam Laporan Tahunan PT Hasnur           the Annual Report of PT Hasnur Internasional Shipping Tbk
Internasional Shipping Tbk tahun 2025 telah dimuat              year 2025 have been completely and responsibly stated,
secara lengkap, dan kami bertanggung jawab penuh atas           and we are fully responsible for the validity of the content
kebenaran isi laporan ini.                                      of the report hereby acknowledge.

Demikian pernyataan ini dibuat dengan sebenar-benarnya.         We certify that our statement is true.




                                               Jakarta, Februari February 2026




                                                 Dewan Komisaris
                                               Board of Commissioners




                                                   Zainal Hadi HAS HB
                                                     Komisaris Utama
                                                  President Commissioner




                     Hendra Iskandar Lubis                                               Iwanho
                       Komisaris Independen                                             Komisaris
                    Independent Commissioner                                          Commissioner




52                                                                                        PT Hasnur Internasional Shipping Tbk
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Tata Kelola Perusahaan               Laporan Keberlanjutan
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                                                             Direksi
                                                  Board of Directors




                                                        Jayanti Sari
                                                       Direktur Utama
                                                      President Director




           Rahmad Pudjotomo                           Laorentina Devi      Rickie
                     Direktur                                Direktur      Direktur
                     Director                                Director      Director




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Highlights Performance   Management Report   Company Profile         Management Discussion and Analysis




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                                                   PROFIL
                                                   PERUSAHAAN
                                                   COMPANY PROFILE




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Highlights Performance                 Management Report                        Company Profile           Management Discussion and Analysis




Informasi Umum Perusahaan
General Company Information



 Nama Perusahaan                 PT Hasnur Internasional Shipping Tbk
 Company Name


 Bidang Usaha                    Jasa pelayanan transportasi sungai dan laut, serta logistik
 Business Activities             River and sea transportation services, as well as logistics


 Tanggal Pendirian               14 Desember 2009
 Date of Establishment           14 December 2009




Komposisi Pemegang Saham [OJK C.3.c]
Shareholders Composition



                         5,60%
                 5,60%


                                                                       PT Nur Internasional Samudra
     5,60%
                                                                       Masyarakat | Public
                                                    40,82%
                                                                       Jayanti Sari
 5,60%
                                                                       Zainal Hadi HAS HB


5,60%                      2025                                        H. Rachmadi HAS

                                                                       Hasnuryadi Sulaiman SE

                                                                       Hasnuryani SE
 5,60%
                                                                       Nila Susanti

                                                                       Yuni Abdi Nur Sulaiman
         5,60%



                            19,98%




Dasar Hukum Pendirian
Legal Basis of Establishment


Akta No. 47 tertanggal 14 Desember 2009 yang dibuat di                 Deed No. 47 dated 14 December 2009, drawn up before
hadapan Ira Sudjono, S.H., M.Hum., M.Kn., M.M., Notaris di             Ira Sudjono, S.H., M.Hum., M.Kn., M.M., Notary in West
Jakarta Barat dan telah mendapatkan pengesahan Menteri                 Jakarta, and has been approved by the Minister of Law
Hukum dan Hak Asasi Manusia serta diumumkan dalam                      and Human Rights and announced in BNRI No. 82 dated
BNRI No. 82 tertanggal 6 Januari 2010 serta Tambahan                   6 January 2010 and BNRI Supplement No. 29410.
BNRI No. 29410




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Modal Dasar
Authorized Capital


Rp840.000.000.000




Modal Ditempatkan dan Disetor Penuh
Issued and Fully Paid Capital


Rp262.625.000.000
Rp262.625.000.000,- terbagi atas 2.626.250.000 lembar                       Rp262,625,000,000 divided into 2,626,250,000 shares
saham dengan nilai nominal Rp100                                            with a nominal value of Rp100.




 Pencatatan Saham                       1 September 2021
 Stock Listing


 Kode Saham                             HAIS
 Stock Ticker


 Alamat Kantor Pusat        [OJK C.2]
                                        Gedung Office 8, Lantai 3
 Head Office Address                    Office 8 Building, 3rd Floor
                                        Jl. Senopati 8B
                                        Kel. Senayan, Kec. Kebayoran Baru, Jakarta Selatan 12190 - Indonesia
                                        Telp.: +62 21 29 343 888
                                        Fax: +62 21 29 343 777


 Situs Web                              www.pthis.id
 Website


 E-Mail                                 corsec.his@hasnurgroup.com


 Sekretaris Perusahaan                  Rengga Temenggung
 Corporate Secretary




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Sejarah Singkat Perusahaan
Brief History




PT Hasnur Internasional Shipping Tbk didirikan pada          PT Hasnur Internasional Shipping Tbk was established
14 Desember 2009 berdasarkan Akta No. 47 yang dibuat         on 14 December 2009 based on Deed No. 47 drawn up
di hadapan Ira Sudjono, S.H., M.Hum., M.Kn., M.M., Notaris   before Ira Sudjono, S.H., M.Hum., M.Kn., M.M., Notary in
di Jakarta Barat. Perseroan memperoleh pengesahan dari       West Jakarta. The Company obtained approval from the
Menteri Hukum dan Hak Asasi Manusia serta diumumkan          Minister of Law and Human Rights and was announced in
dalam BNRI No. 82 tanggal 6 Januari 2010, dengan             BNRI No. 82 dated 6 January 2010, with BNRI Supplement
Tambahan BNRI No. 29410.                                     No. 29410.

Sebagai bagian dari Hasnur Group, Perseroan fokus            As part of the Hasnur Group, the Company focuses on
pada layanan transportasi sungai dan laut serta logistik.    river and sea transportation and logistics services. The
Hasnur Group sendiri mencakup berbagai sektor strategis      Hasnur Group itself covers various strategic sectors such
seperti Kehutanan, Pertambangan, Agribisnis, Jasa,           as Forestry, Mining, Agribusiness, Services, Media, and
Media, dan Logistik yang saling mendukung. Awalnya,          Logistics that support each other. Initially, the Company
Perseroan hanya melayani pengangkutan komoditas              only served the transportation of forestry industry
industri kehutanan. Namun, sejak Agustus 2010, seiring       commodities. However, since August 2010, in line with
pertumbuhan usaha dan meningkatnya permintaan pasar,         business growth and increasing market demand, services
layanan diperluas mencakup komoditas lain seperti batu       have been expanded to include other commodities such as
bara dan Crude Palm Oil (CPO).                               coal and CPO (Crude Palm Oil).

Pada tahun 2021, Perseroan memasuki babak baru dengan        In 2021, the Company entered a new phase by conducting
melaksanakan Penawaran Umum Perdana Saham (IPO)              an Initial Public Offering (IPO) on the Indonesia Stock
di Bursa Efek Indonesia. Langkah ini didasarkan pada         Exchange. This step was based on the Resolution of
keputusan RUPS Luar Biasa yang dituangkan dalam Akta         the Extraordinary General Meeting of Shareholders as
No. 9 tanggal 10 Maret 2021 di hadapan Notaris Muhammad      stated in Deed No. 9 dated 10 March 2021, before Notary
Hanafi, S.H.                                                 Muhammad Hanafi, S.H.

Anggaran Dasar Perseroan mengalami beberapa                  The Company's Articles of Association underwent several
perubahan, termasuk amandemen terkait perubahan              changes, including amendments related to changes in the
Anggaran Dasar serta perubahan susunan Direksi dan           Articles of Association and changes in the composition of
Dewan Komisaris. Perubahan ini terakhir kali dilakukan       the Board of Directors and Board of Commissioners. These
melalui Akta Notaris Muhammad Hanafi, S.H. No. 28 tanggal    changes were last made through Notarial Deed No. 28
21 April 2025 dan Akta No. 6 tanggal 14 Oktober 2025,        dated 21 April 2025, and Deed No. 6 dated 14 October 2025,
dan telah diterima oleh Kementerian Hukum dan                by Notary Muhammad Hanafi, S.H., and were accepted by
HAM pada 23 April 2025 dan 16 Oktober 2025.                  the Ministry of Law and Human Rights on 23 A 2025, and
                                                             16 October 2025.




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Demi meningkatkan kualitas layanan dan skala usaha,             In order to improve service quality and business scale,
Perseroan terus menambah armada. Hingga akhir 2025,             the Company continues to expand its fleet. By the end
Perseroan memiliki 22 kapal tunda (tugboat) dan                 of 2025, the Company has 22 tugboats and 22 barges with
22 tongkang (barge) dengan kapasitas angkut 7.500–              a carrying capacity of 7,500–10,000 metric tons, as well as
10.000 metrik ton, serta 1 kapal khusus pengangkut CPO.         1 special ship for transporting CPO.

Perseroan berkomitmen menjadi perusahaan pelayaran              The Company is committed to becoming an integrated
dan logistik yang terintegrasi dengan reputasi internasional,   shipping and logistics company with an international
memberikan manfaat bagi seluruh pemangku kepentingan,           reputation, providing benefits to all stakeholders, and
dan menjalankan usaha secara berkelanjutan dengan               conducting business in a sustainable manner with
memerhatikan aspek lingkungan, sosial, dan tata kelola          consideration for environmental, social, and governance
(ESG). Upaya ini didukung dengan entitas anak usaha,            (ESG) aspects. This effort is supported by a subsidiary
yaitu PT Hasnur Resources Terminal, yang mengelola              entity, PT Hasnur Resources Terminal, which manages
pelabuhan serta tiga Entitas Anak langsung dan tidak            the port and three direct and indirect subsidiaries,
langsung sebagai berikut:                                       as follows:

1. PT Hasnur Mitra Sarana, yang menyediakan layanan             1. PT Hasnur Mitra Sarana, which provides loading and
   bongkar muat di Pelabuhan Khusus Sungai Puting,                 unloading specifically in the Sungai Puting, Tapin,
   Tapin, Kalimantan Selatan.                                      South Kalimantan ports.

2. PT Barito Jaya Sarana, yang menyediakan layanan              2. PT Barito Jaya Sarana, which provides loading and
   bongkar muat di Pelabuhan Khusus Pendang, Barito                unloading specifically in the Pendang, South Barito,
   Selatan, Kalimantan Tengah                                      Central Kalimantan ports.

3. PT Hasnur Multi Sinergi yang menyediakan layanan             3. PT Hasnur Multi Sinergi, which provides floating
   floating loading facility.                                      loading facility services.

Hingga akhir 2025, nama Perseroan tetap konsisten               Until the end of 2025, the Company's name has
tanpa perubahan.                                                remained unchanged.

Perseroan terus melangkah maju dengan visi besar dan            The Company continues to move forward with a grand
langkah strategis untuk menciptakan pertumbuhan yang            vision and strategic steps to create sustainable growth
berkelanjutan dan memberikan nilai tambah bagi industri         and provide added value to the national shipping and
pelayaran dan logistik nasional.                                logistics industry.




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Jejak Langkah
Milestones


2009                                           2010                                                2011
   • Perseroan pertama kali                          Perseroan melakukan                            • Perseroan mulai melayani
     didirikan dengan nama                           kegiatan pelayaran                               pengangkutan batu selain
     PT Hasnur Internasional                         komersial pertamanya pada                        batu bara.
     Shipping (HIS) pada tanggal                     24 Oktober 2010.                                 The Company began
     14 Desember 2009.                               The Company conducted                            transporting commodities
      The Company was first                          its first commercial shipping                    other than coal.
      established under the name                     activity on 24 October 2010.
                                                                                                    • Pendirian Entitas Anak,
      PT Hasnur Internasional
                                                                                                      yaitu PT Hasnur Resources
      Shipping (HIS) on
                                                                                                      Terminal.
      14 December 2009.
                                                                                                      Establishment of a Subsidiary,
   • Pendirian Entitas Anak, yaitu                                                                    PT Hasnur Resources
     PT Hasnur Mitra Sarana pada                                                                      Terminal.
     tanggal 14 Desember 2009.
      Establishment of a subsidiary,
      PT Hasnur Mitra Sarana, on
      14 December 2009.




 2021                                                                   2022
     • Perseroan resmi mencatatkan sahamnya                               • Penambahan 1 kapal tunda (tugboat) pada
       di Bursa Efek Indonesia (BEI) melalui                                31 Maret 2022
       Penawaran Umum Perdana Saham (Initial                                 Addition of 1 tugboat on 31 March 2022
       Public Offering/ IPO) pada 1 September 2021.
                                                                          • Penambahan 2 tongkang (barge) baru pada
       The Company officially listed its shares
                                                                            31 Maret 2022 dan 15 Juli 2022.
       on the Indonesia Stock Exchange (IDX)
       through an Initial Public Offering (IPO) on                           Addition of 2 new barges on 31 March 2022, and
       1 September 2021.                                                     15 July 2022.

     • Perseroan berhasil mencatatkan rekor                               • Perseroan berhasil mencatatkan rekor tertinggi
       tertinggi pengangkutan mencapai 7,4 juta MT                          pengangkutan mencapai 9,6 juta MT.
       sejak pertama kali beroperasi.
                                                                             The Company successfully recorded its highest
       The Company has successfully recorded its                             transportation record of 9.6 million MT.
       highest transportation record of 7.4 million MT
       since it first began operations.

     • Total kapitalisasi pasar Perseroan dibukukan
       sebesar Rp449 miliar.
       The Company's total market capitalization was
       recorded at Rp449 billion.




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2013                                         2018                                       2020
   Pengoperasian armada kapal                   Perseroan mulai melayani pasar            Pengembangan pelayanan
   tunda (tugboat) dan tongkang                 tongkang berukuran 330 feet.              melalui peningkatan
   (barge) untuk mengangkut                     The Company began serving                 standardisasi operasional
   komoditas lain selain batu.                  the 330 feet barge market.                secara menyeluruh untuk
   Operation of a fleet of tugboats                                                       memenuhi kebutuhan pasar jasa
   and barges to transport                                                                pelayaran pada skala domestik,
   commodities other than coal.                                                           internasional, dan logistik.
                                                                                          Development of services
                                                                                          through comprehensive
                                                                                          improvement of operational
                                                                                          standardization to meet
                                                                                          the needs of the shipping
                                                                                          service market on a domestic,
                                                                                          international, and logistics scale.




2023

   • Penandatanganan Perjanjian Kerja Sama dengan PT Cumawis, anak usaha PT Samudera
     Indonesia Tbk, terkait pengangkutan batu bara atau komoditi lainnya milik Perseroan dengan
     menggunakan kapal tunda dan tongkang milik PT Cumawis pada 23 Februari 2023.
      Signing of a Cooperation Agreement with PT Cumawis, a subsidiary of PT Samudera Indonesia Tbk,
      regarding the transportation of coal or other commodities belonging to the Company using tugboats and
      barges owned by PT Cumawis on 23 February 2023.

   • Perseroan berkolaborasi dengan Institut Teknologi Sepuluh November Surabaya mengadakan acara
     final Kompetisi Desain Photovoltaic pada 4 Maret 2023.
      The Company collaborated with the Sepuluh November Institute of Technology in Surabaya to hold the
      final round of the Photovoltaic Design Competition on 4 March 2023.

   • Penambahan 1 kapal tunda (tugboat) pada 8 September 2023.
      Addition of 1 tugboat on 8 September 2023.

   • Perseroan berhasil mencatatkan rekor tertinggi pengangkutan mencapai 11,2 juta MT.
      The Company successfully recorded its highest transportation record of 11.2 million MT.

   • Penambahan 1 tongkang (barge) pada 19 Desember 2023.
      Addition of 1 barge on 19 December 2023.




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 2024
     • Penambahan 2 set kapal tunda dan tongkang pada 16 Mei 2024.
       Addition of 2 sets of tugboats and barges on 16 May 2024.

     • Perseroan berhasil meraih Penghargaan “The Best 6 Investor Trust Companies 2024” pada 17 Mei 2024.
       The Company won “The Best 6 Investor Trust Companies 2024” award on 17 May 2024.

     • Perseroan mendirikan Entitas Anak PT Barito Jaya Sarana pada 24 Juni 2024.
       The Company established its subsidiary PT Barito Jaya Sarana on 24 June 2024.

     • Perseroan berhasil meraih Katadata Green Initiative Award 2024 pada 8 Agustus 2024.
       The Company won the Katadata Green Initiative Award 2024 on 8 August 2024.

     • Perseroan mengirimkan kargo komoditas ke Vietnam pada 9 Agustus 2024.
       The Company shipped commodity cargo to Vietnam on 9 August 2024.

     • Perseroan melakukan ekspansi bisnis logistik laut, melalui anak usahanya PT Hasnur Resources Terminal
       dengan menandatangani Perjanjian Joint Venture dengan PT Multi Guna Maritim dan Perseroan mendirikan
       Entitas Anak PT Hasnur Multi Sinergi pada tanggal 23 Agustus 2024.
       The Company expanded its marine logistics business through its subsidiary PT Hasnur Resources Terminal
       by signing a Joint Venture Agreement with PT Multi Guna Maritim and establishing a subsidiary, PT Hasnur
       Multi Sinergi, on 23 August 2024.

     • Penambahan 1 set kapal tunda dan tongkang pada 16 Mei 2024 dan 2 set pada 17 September 2024.
       The Company added one set of tugboats and barges on 16 May 2024, and two sets on 17 September 2024.

     • Perseroan berhasil meraih Penghargaan Internasional 2024 Forbes Asia’s Best Under A Billion pada
       23 Oktober 2024.
       The Company won the 2024 Forbes Asia’s Best Under A Billion International Award on 23 October 2024.

     • Perseroan berhasil meraih Penghargaan Angkutan Curah Kering Terbaik dan Best CEO di Bisnis Indonesia
       Logistics Award 2024 pada 28 November 2024.
       The Company won the Best Dry Bulk Transportation and Best CEO awards at the Bisnis Indonesia Logistics
       Award 2024 on 28 November 2024.

     • Perseroan gelar Seminar Nasional Maritim dengan tema “Menyongsong Era Net Zero Emission di Sektor
       Pelayaran Tug & Barge”.
       The Company held a National Maritime Seminar with the theme “Welcoming the Era of Net Zero Emissions
       in the Tug & Barge Shipping Sector”.

     • Perseroan meluncurkan logo dan tagline baru, “More Than Just Shipping”.
       The Company launched a new logo and tagline, “More Than Just Shipping”.




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  2025
   • Peresmian pengoperasian 2 unit kapal tunda baru (TB Hasnur 21 dan TB Hasnur 22) dan 1 unit tongkang
     baru (BG Hasnur 3311) pada 3 Februari 2025.
     Inauguration of two new tugboats (TB Hasnur 21 and TB Hasnur 22) and one new barge (BG Hasnur 3311)
     on 3 February 2025.

   • Penggunaan Biodiesel 40 (B40) pada operasi seluruh armada kapal tunda pada April 2025.
     Use of Biodiesel 40 (B40) in the operation of the entire tugboat fleet in April 2025.

   • Peresmian pengoperasian 1 set armada baru (kapal tunda TB Hasnur 23 dan tongkang BG Hasnur 312)
     pada 22 Juli 2025.
     Inauguration of the operation of 1 new fleet (TB Hasnur 23 tugboat and BG Hasnur 312 barge) on 2 July
     2025.

   • Penyelenggaraan seremoni keel laying atau peletakkan lunas kapal floating loading facility (FLF) HMS88
     milik PT Hasnur Multi Sinergi, cucu usaha PT Hasnur Internasional Shipping Tbk (HIS) yang merupakan
     perusahaan joint venture antara PT Hasnur Resources Terminal (anak usaha HIS) dengan PT Multi Guna
     Maritim, pada 17 September 2025. Pembangunan FLF HMS88 ini merupakan pembangunan FLF pertama
     oleh galangan dalam negeri.
     The keel laying ceremony for the HMS88 floating loading facility (FLF) owned by PT Hasnur Multi
     Sinergi, a subsidiary of PT Hasnur Internasional Shipping Tbk (HIS), which is a joint venture between
     PT Hasnur Resources Terminal (a subsidiary of HIS) and PT Multi Guna Maritim, on 17 September 2025.
     The construction of the FLF HMS88 is the first FLF to be built by a domestic shipyard.

   • Peresmian pengoperasian 1 set armada baru (kapal tunda TB Hasnur 25 dan tongkang BG Hasnur 3312)
     pada 5 November 2025.
     Inauguration of the operation of a new fleet (TB Hasnur 25 tugboat and BG Hasnur 3312 barge)
     on 5 November 2025.




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Highlights Performance                 Management Report                 Company Profile          Management Discussion and Analysis




Visi, Misi, dan Budaya Perusahaan
Company Vision, Mission, and Corporate Culture




Visi                     Vision [OJK C.1]

Menjadi perusahaan pelayaran dan logistik yang amanah dan
terintegrasi dengan reputasi internasional, yang membawa manfaat
dan kebanggaan bagi seluruh pemangku kepentingan serta
memberikan kontribusi kepada masyarakat, bangsa, dan dunia.
To become a shipping and logistics company that is trustworthy and integrated with an international reputation, which
brings benefits and pride to all stakeholders and contributes to society, the nation and the world.




       Misi                     Mission

       1. Memberikan pelayanan terbaik, aman, tepat waktu, dan efisien bagi pelanggan.
       2. Mematuhi peraturan perundangan yang berlaku di setiap kegiatan operasional
          dengan tata kelola perusahaan dan keselamatan yang baik.
       3. Mengikuti dinamika usaha logistik dan pelayaran, serta mengembangkan sumber
          daya mutakhir dan kompetitif.
       4. Memberikan komitmen kepada prinsip usaha berkelanjutan dan bertanggung jawab
          terhadap alam dan lingkungan sekitar.
       1.   Providing the best, safe, timely and efficient service for
            customers.

       2. Comply with applicable laws and regulations in every
          operational activity with good corporate governance
          and safety.

       3. Following the dynamics of the logistics and shipping
          business, as well as developing up-to-date and
          competitive resources.

       4. Commit to the principles of sustainable and
          responsible business towards nature and the
          surrounding environment.




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Budaya Perusahaan
Corporate Culture

      KESATUAN SIKAP
     The Unity of Attitude
                                           DAPAT DIPERCAYA
      Keserasian pandangan,                    Trustable
 keyakinan, dan tindakan segenap
                                       Bekerja sepenuh hati, jujur,
   anggota Perusahaan terhadap
    suatu masalah penting demi
                                     memegang teguh nilai etika dan                   DISIPLIN
                                     moral, dan dapat diandalkan oleh
  tercapainya tujuan Perusahaan                                                       Discipline
                                      seluruh pemegang pemangku
  yang telah ditetapkan bersama.
                                     kepentingan dalam menghadapi              Mengarahkan diri sendiri dan
 Harmonization of perspectives,       setiap penugasan/tantangan.             orang lain untuk melaksanakan
     beliefs, and actions of all                                            tugas dan kewajiban yang berlaku
                                      Work wholeheartedly, honestly,
  members of the Company on                                                    secara terus menerus sesuai
                                      uphold ethical and moral values,
  an important issue in order to                                              dengan norma/peraturan yang
                                       and can be relied upon by all
achieve the goals of the Company                                                          berlaku.
                                        stakeholders in facing every
   that have been set together.
                                           assignment/challenge.             Continuously directing oneself
                                                                            and others to carry out duties and
                                                                             obligations in accordance with
                                                                              applicable norms/regulations.




                                                                                      PANTANG MENYERAH
                                                                                         Never Give Up
                                                                                  Selalu berusaha maksimal dan tuntas
                                                                                  dalam menghadapi setiap tantangan,
                                                                                   serta memiliki sikap ulet, tangguh
                                                                                   dan tidak mudah menyerah untuk
                                                                                  mewujudkan setiap tantangan/tugas
                                                                                           menjadi kenyataan.

                                                                                    Always try to do the best and be
                                                                                      thorough in dealing with every
                                                                                 challenge, and have a tenacious, tough
                                                                                   attitude and never give up easily to
                                                                                      conquer every challenge/task.



                                                                                       KEADILAN
                                                                                        Justice
                                              KEBERSAMAAN
                                                                               Memberikan perlakuan yang
                                               Togetherness                     seimbang antara hak dan
           BIJAKSANA
                                          Memiliki perasaan senasib          kewajiban yang dimiliki karyawan
              Wise                                                           dan Perusahaan, serta keinginan
                                         dan sepenanggungan, serta
    Selalu mempertimbangkan              saling memiliki, saling peduli,     untuk memberikan manfaat yang
  berbagai aspek, menggunakan            saling memperhatikan, saling        maksimal bagi seluruh pemangku
      akal dan nurani dalam               mengingatkan dalam ikatan             kepentingan Perusahaan.
   pengambilan keputusan guna           kekeluargaan sehingga tercipta         Providing impartial treatment
    mendapatkan manfaat yang            kedekatan hubungan personal         between the rights and obligations
  terbaik bagi seluruh pemangku            yang erat satu sama lain.         of employees and the Company,
           kepentingan.
                                           Have an attitude of shared           as well as the aspiration to
 Always consider various aspects,           responsibility, as well as       achieve maximum benefits for all
    use reason and conscience           belonging to, caring for, paying                Company’s.
   in making decisions in order        attention to, reminding each other
   to get the best benefit for all      in a family bond so as to create
           stakeholders.                   close personal closeness.


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Highlights Performance            Management Report                 Company Profile         Management Discussion and Analysis




Bidang Usaha                [OJK C.4]


Business Activities


Kegiatan Usaha Sesuai Anggaran Dasar Terakhir                 Business Activities in Accordance with the Latest
                                                              Articles of Association

Sesuai Anggaran Dasar Perseroan yang terakhir, yaitu Akta     In accordance with the Company's latest Articles of
No. 23 tanggal 24 Januari 2023, pada Pasal 3 menjelaskan      Association, namely Deed No. 23 dated 24 January 2023,
bahwa maksud dan tujuan Perseroan adalah menjalankan          Article 3 explains that the purpose and objective of the
kegiatan usaha utama di bidang pengangkutan barang            Company is to carry out its main business activities in
dengan menggunakan kapal laut yang dirancang                  the field of freight transportation using ships specifically
secara khusus untuk mengangkut suatu jenis barang             designed to transport certain types of goods, including the
tertentu, termasuk usaha persewaan angkutan laut              business of leasing sea transportation and its operators.
berikut operatornya.

Selain menjalankan kegiatan usaha utama tersebut,             In addition to carrying out these main business activities,
Perseroan juga melakukan kegiatan usaha penunjang untuk       the Company also conducts supporting business activities
mendukung tercapainya maksud dan tujuan Perusahaan            to support the achievement of the Company's aims and
di bidang pengangkutan, yaitu:                                objectives in the field of transportation, namely:

1. Usaha di bidang pengangkutan barang umum melalui           1. Business in the line of general cargo transportation
   laut dengan menggunakan kapal laut antar-pelabuhan            by sea using domestic inter-port ships serving
   dalam negeri dengan melayani trayek tetap dan teratur         fixed and regular or linear routes, including the
   atau linier, termasuk usaha persewaan angkutan laut           rental of sea transportation and its operators.
   berikut operatornya.

2. Usaha di bidang pengangkutan barang umum melalui           2. Business in the line of general cargo transportation by
   laut dengan menggunakan kapal laut antar pelabuhan            sea using domestic inter-port ships serving irregular
   dalam negeri dengan melayani trayek tidak tetap dan           and non-regular or tramp routes, including the
   tidak teratur atau tramper, termasuk usaha persewaan          rental of sea transportation and its operators.
   angkutan laut berikut operatornya.

Bidang Usaha yang Telah Dijalankan selama                     Line of Businesses Operated during 2025
Tahun 2025

Seluruh usaha yang dijalankan Perseroan               saat    All of the Company's current businesses are in accordance
ini telah sesuai dengan KBLI yang aktif di NIB.               with the KBLI (Indonesian Business Classification) active in
                                                              the NIB (National Business Identification Number).

Layanan Perusahaan                                            Company Services

Layanan Transportasi Sungai dan Laut                          River and Sea Transportation Services
Perseroan terus memperluas layanan transportasi               The Company continues to expand its river and sea
sungai dan laut guna memenuhi kebutuhan pasar yang            transportation services to meet the rapidly growing
berkembang pesat, terutama dalam pengangkutan                 market demand, especially in the transportation of various
berbagai jenis komoditas. Layanan ini dirancang agar          types of commodities. These services are designed to be
efektif dan efisien, mencakup aktivitas di pelabuhan          effective and efficient, covering activities at domestic and
bongkar muat domestik maupun internasional.                   international loading and unloading ports.

Jangkauan Komoditi Terangkut                                  Range of Commodities Transported
Pada awalnya, layanan transportasi Perseroan berpusat         Initially, the Company's transportation services focused
pada pelayaran sungai untuk mendukung pengangkutan            on river shipping to support the transportation of forestry
komoditas industri kehutanan di wilayah Kalimantan            commodities in Central Kalimantan and South Kalimantan.
Tengah dan Kalimantan Selatan. Namun, seiring waktu           However, over time and with the growth of its parent
dan pertumbuhan induk usaha, Perseroan memperluas             company, the Company has expanded its service range
jangkauan layanan untuk mengakomodasi transportasi            to accommodate the transportation of other commodities,
komoditas lain, seperti batu bara dan Crude Palm Oil (CPO).   such as coal and CPO (Crude Palm Oil).




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Jenis Armada yang Dimiliki Perseroan                                        Types of Fleet Owned by the Company
Guna memenuhi kebutuhan pasar yang terus meningkat,                         In order to meet growing market demand, the Company
Perseroan secara aktif menambah armada kapal tunda                          actively added tugboats and barges to its fleet. Up to
dan tongkang. Hingga Desember 2025, Perseroan memiliki                      December 2025, the Company had 22 sets of tugboats
22 set armada kapal tunda dan tongkang dengan kapasitas                     and barges with varying carrying capacities, ranging
angkut bervariasi, mulai dari 7.500 hingga 10.000 metrik                    from 7,500 to 10,000 metric tons, as well as one vessel
ton, serta satu kapal khusus untuk pengangkutan CPO.                        specifically for transporting CPO.

Pengelolaan Pelabuhan                                                       Port Management
Melalui anak perusahaan, PT Hasnur Resources Terminal                       Through its subsidiaries, PT Hasnur Resources Terminal
dan cucu perusahaan PT Barito Jaya Sarana, Perseroan                        and its sub-subsidiaries PT Barito Jaya Sarana,
mengelola dua pelabuhan strategis di Kalimantan, yaitu                      the Company manages two strategic ports in Kalimantan,
di Pendang (Kalimantan Tengah) dan Sungai Puting                            namely in Pendang (Central Kalimantan) and Sungai Puting
(Kalimantan Selatan). Selain itu, melalui PT Hasnur Mitra                   (South Kalimantan). In addition, through PT Hasnur Mitra
Sarana, Perseroan menyediakan layanan bongkar muat                          Sarana, the Company provides commodity loading and
komoditas di pelabuhan yang dikelola.                                       unloading services at the ports it manages.

Dengan langkah strategis ini, Perseroan terus                               With this strategic move, the Company remains committed
berkomitmen memberikan layanan transportasi yang                            to providing reliable and efficient transportation services,
andal dan efisien, mendukung aktivitas logistik domestik                    supporting domestic and international logistics activities,
maupun internasional, serta memenuhi tuntutan pasar                         and meeting the demands of a dynamic market.
yang dinamis.




Keanggotaan dalam Asosiasi                                            [OJK C.5]


Membership in Associations


Perseroan tercatat sebagai anggota aktif pada berbagai                      The Company is listed as an active member of various
organisasi dan asosiasi yang berhubungan dengan industri                    organizations and associations related to the industry in
yang dijalankan Perseroan. Gerakan tersebut dilakukan                       which the Company operates. This move is part of the
sebagai bagian dari strategi Perseroan dalam memperluas                     Company's strategy to expand its business network and
jaringan bisnis, serta untuk memastikan bahwa Perseroan                     ensure that it always obtains the latest information and
senantiasa memperoleh informasi dan perkembangan                            developments in the industry in which it operates.
terbaru di industri yang dijalankan Perseroan.

Dengan aktif berpartisipasi dalam organisasi dan asosiasi                   By actively participating in relevant organizations and
terkait, Perseroan tidak hanya memperkuat keterlibatan                      associations, the Company not only strengthens its
dengan pemangku kepentingan, tetapi juga memastikan                         engagement with stakeholders, but also ensures its position
posisinya sebagai perusahaan yang mampu beradaptasi                         as a company that is able to adapt to industry changes,
dengan perubahan industri, sekaligus terus berkembang                       while continuing to grow and make positive contributions
memberikan kontribusi positif dalam ekosistem bisnis.                       to the business ecosystem.

Hingga 2025, Perseroan              tergabung         dalam   asosiasi      Until 2025, the Company          is   a   member    of   the
sebagai berikut:                                                            following associations:

 Nama Asosiasi                                                               Status
 Association Name

 Indonesian National Shipowners’ Association (INSA)                          Anggota Aktif
                                                                             Active Member

 Indonesia Corporate Secretary Association (ICSA)                            Anggota Aktif
                                                                             Active Member

 Asosiasi Emiten Indonesia (AEI)                                             Anggota Aktif
 Indonesian Public Listed Companies Association                              Active Member

 Indonesian Corporate Counsel Association (ICCA)                             Anggota Aktif
                                                                             Active Member




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Highlights Performance              Management Report                     Company Profile         Management Discussion and Analysis




Strategi Perusahaan
Company Strategy


Dalam menghadapi dinamika industri pelayaran dan logistik           In response to the increasingly complex dynamics of the
laut yang semakin kompleks, Perseroan menetapkan                    shipping and maritime logistics industry, the Company
strategi bisnis yang berfokus pada penguatan ketahanan              has established a business strategy that focuses on
operasional, peningkatan efisiensi, serta penciptaan                strengthening operational resilience, improving efficiency,
nilai berkelanjutan bagi seluruh pemangku kepentingan.              and creating sustainable value for all stakeholders. The
Tahun 2025 menjadi periode penting bagi Perseroan                   year 2025 will be an important period for the Company
untuk menyeimbangkan antara respons jangka pendek                   to balance short-term responses to industry pressures
terhadap tekanan industri dengan pembangunan fondasi                with the development of a more adaptive and measurable
pertumbuhan jangka panjang yang lebih adaptif dan                   foundation for long-term growth. There are four pillars to
terukur. Terdapat 4 pilar strategi Perseroan, yaitu:                the Company's strategy, namely:

1. Keunggulan Operasional melalui Ketahanan Armada,                 1. Operational Excellence through Fleet Resilience,
   Efisiensi, dan Keselamatan                                          Efficiency, and Safety

     Perseroan memprioritaskan keunggulan operasional                  The Company prioritizes operational excellence as the
     sebagai fondasi utama dalam menjaga ketahanan                     main foundation in maintaining business resilience amid
     bisnis di tengah dinamika industri pelayaran dan                  the dynamics of the shipping and maritime logistics
     logistik laut. Strategi ini dijalankan melalui optimalisasi       industry. This strategy is implemented through the
     pemanfaatan armada, penyesuaian kapasitas angkut                  optimization of fleet utilization, selective adjustment of
     secara selektif, serta penerapan disiplin biaya yang              transport capacity, and the application of prudent cost
     prudent untuk menjaga tingkat utilisasi dan stabilitas            discipline to maintain utilization rates and business
     margin usaha.                                                     margin stability.

     Sejalan     dengan     upaya     efisiensi,  Perseroan            In line with its efficiency efforts, the Company
     menempatkan keselamatan, keandalan operasional,                   places safety, operational reliability, and compliance
     dan kepatuhan terhadap regulasi maritim sebagai                   with     maritime    regulations   as    non-negotiable
     prioritas yang tidak dapat ditawar. Peningkatan standar           priorities. Improving fleet maintenance standards,
     perawatan armada, penguatan sistem manajemen                      strengthening       safety     management     systems,
     keselamatan, serta kepatuhan terhadap ketentuan                   and complying with national and international
     nasional dan internasional menjadi bagian integral                regulations     are    integral  parts    of  ensuring
     dalam memastikan keberlangsungan operasional yang                 safe, reliable, and sustainable operations.
     aman, andal, dan berkelanjutan.

2. Diversifikasi         Terukur        dalam           Ekosistem   2. Measured     Diversification       in      the    Maritime
   Logistik Laut                                                       Logistics Ecosystem

     Sebagai perusahaan yang berfokus pada logistik                    As a company focused on commodity cargo maritime
     laut kargo komoditas, Perseroan mengembangkan                     logistics, the Company is developing measured
     diversifikasi secara terukur di dalam ekosistem maritim.          diversification within the maritime ecosystem.
     Diversifikasi diarahkan pada perluasan jenis kargo yang           Diversification is directed at expanding the types of
     dapat dilayani, pengembangan variasi armada yang                  cargo that can be served, developing a more flexible
     lebih fleksibel, serta penguatan layanan logistik laut            fleet, and strengthening integrated maritime logistics
     terintegrasi (end-to-end maritime logistics). Strategi ini        services (end-to-end maritime logistics). This strategy
     bertujuan untuk mengurangi ketergantungan pada satu               aims to reduce dependence on a single commodity
     komoditas sekaligus meningkatkan nilai tambah dan                 while increasing the added value and competitiveness
     daya saing layanan Perseroan.                                     of the Company's services.

3. Transformasi           Digital        dan            Penguatan   3. Digital Transformation       and        Strengthening      of
   Sistem Informasi                                                    Information Systems

     Transformasi digital menjadi pilar penting dalam                  Digital transformation is an important pillar in
     mendukung pengambilan keputusan yang cepat                        supporting fast and accurate resolutions. The
     dan akurat. Perseroan terus mengembangkan dan                     Company continues to develop and utilize digital
     memanfaatkan platform digital, termasuk sistem                    platforms, including operational monitoring and
     pemantauan operasional dan pengelolaan data                       integrated data management systems, to improve fleet
     terintegrasi, untuk meningkatkan visibilitas kinerja              performance visibility, operational efficiency, and risk
     armada, efisiensi operasional, serta pengendalian risiko          and compliance control. The use of this technology is
     dan kepatuhan. Pemanfaatan teknologi ini diharapkan               expected to strengthen the organization's resilience in
     memperkuat ketangguhan organisasi dalam menghadapi                facing future industry dynamics.
     dinamika industri ke depan.

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Tata Kelola Perusahaan                Laporan Keberlanjutan
Good Corporate Governance             Sustainability Report




4. Tata Kelola dan Pengembangan                SDM      sebagai   4. Governance and Human Resource Development as
   Penggerak Keberlanjutan                                           Drivers of Sustainability

    Penerapan tata kelola perusahaan yang baik (GCG)                  The implementation of good corporate governance
    dan pengembangan sumber daya manusia menjadi                      (GCG) and human resource development are the
    pilar penopang keberlanjutan strategi Perseroan.                  pillars that support the sustainability of the Company's
    Penguatan fungsi pengawasan, manajemen risiko,                    strategy. The strengthening of supervisory functions,
    serta pengembangan kompetensi dan kepemimpinan                    risk management, and the development of adaptive
    yang adaptif, didukung oleh internalisasi nilai inti              competencies and leadership, supported by the
    Hasnur Group, memastikan organisasi memiliki fondasi              internalization of Hasnur Group's core values, ensures
    tata kelola dan budaya kerja yang tangguh dalam                   that the organization has a strong governance foundation
    menghadapi tantangan jangka panjang.                              and work culture in facing long-term challenges.




Wilayah Operasional                       [OJK C.3.d]


Operational Areas




Kantor Pusat Perseroan berada di Jakarta, namun kegiatan          The Company's head office is located in Jakarta, but its
operasional Perseroan utamanya berada di Kalimantan               main operations are in South Kalimantan, namely:
Selatan yaitu:

•   Alalak, Barito Kuala, Kalimantan Selatan                      •   Alalak, Barito Kuala, South Kalimantan

•   Sungai Puting, Tapin, Kalimantan Selatan                      •   Sungai Puting, Tapin, South Kalimantan

•   Pendang, Kalimantan Tengah                                    •   Pendang, Kalimantan Tengah




Perubahan Signifikan                        [OJK C.6]


Significant Changes


Sepanjang tahun 2025, tidak terdapat perubahan signifikan         Throughout 2025, there were no significant changes
terkait Perseroan.                                                related to the Company.




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Ikhtisar Kinerja                   Laporan Manajemen      Profil Perusahaan           Analisis dan Pembahasan Manajemen
Highlights Performance             Management Report      Company Profile             Management Discussion and Analysis




Struktur Organisasi
Organizational Structure


                                                                                Board of
                                                                              Commissioners
Struktur organisasi Perseroan per 31 Desember 2025
adalah sebagai berikut:

The organizational structure of the Company as of
31 December 2025 is as follows:


                                                                                 President
                                                                                  Director




                           HCGS &
                                                                                FAT Legal &
                          Business
                                                                                  Corsec
                         Development
                                                                                  Director
                           Director




                                             Advisor




                            HCGS &
                                                                                FAT Division
                            Busdev
                                                                                   Head
                         Division Head




                          Supply Chain                        Investor
             HCGS                             Busdev                              Finance          Accounting &
                          Management                       Relation Dept.
           Dept. Head                        Dept. Head                          Dept. Head       Tax Dept. Head
                           Dept. Head                           Head




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Tata Kelola Perusahaan                       Laporan Keberlanjutan
Good Corporate Governance                    Sustainability Report




                              Audit
                                                                        Keterangan Remarks:
                            Committee
                                                                        Comm.     : Commissioner
                                                                        HCGS      : Human Capital General Services
                                                                        DPA       : Designated Person Ashore
                                                                        SHE       : Safety, Health and Environment
                                                                        Ops       : Operational
                                                                        FAT       : Finance Accounting Tax
                                                                        Busdev    : Business Development
                                                                        Dept.     : Department
                                                                        Mgt.      : Management
                                                                        Corcomm : Corporate Communication
                                                                        Dev       : Development


                            Internal Audit




                                                                                               Operation
                                                                                              & Technical
                                                                                                Support
                                                                                                Director




                                                                       DPA




                              Corporate                                                      Operations &
                              Secretary                                                      Tech. Support
                            Division Head                                                    Division Head




                                                                                                      Commercial
            Legal &                                                                                                   Technical
                                                  Corcomm            Operations          SHE             Fleet
          Compilance                                                                                                 Maintenance
                                                  Dept. Head         Dept. Head       Dept. Head      Management
          Dept. Head                                                                                                  Dept. Head
                                                                                                       Dept. Head




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Ikhtisar Kinerja             Laporan Manajemen                      Profil Perusahaan         Analisis dan Pembahasan Manajemen
Highlights Performance       Management Report                      Company Profile           Management Discussion and Analysis




Profil Direksi
Board of Directors Profiles


Pada   tahun    2025,    komposisi      Direksi     tidak    In 2025, the composition of the Board of Directors
mengalami perubahan                                          remained unchanged.




Jayanti Sari
Direktur Utama
President Director




 Usia Age                54 tahun years old

 Kewarganegaraan         Indonesia
 Nationality

 Domisili Residence      Jakarta

 Riwayat Pendidikan      Associate Diploma di bidang International Trade-Royal Melbourne Institute of Technology, Melbourne,
 Education History       Australia (1994)
                         Associate Diploma in International Trade-Royal Melbourne Institute of Technology, Melbourne,
                         Australia (1994)

 Riwayat Pekerjaan       • Komisaris Utama President Commissioner PT Barito Putera (1987–2004)
 Career History          • Manager Logistik & Peralatan Logistics & Equipment Manager PT Hasnur Jaya Utama (1996–1999)
                         • Manager Administrasi Keuangan Finance Administration Manager PT Hasnur Jaya Utama (1999–
                           2001)
                         • Direktur Utama President Director PT Hasnur Jaya Utama (2004–2006)
                         • Direktur Utama President Director PT Trikarsa Manunggal Jaya (2004–2006)
                         • Direktur Utama President Director PT Bhumi Rantau Energi (2005–2009)
                         • Direktur Utama President Director PT Energi Batubara Lestari (2006)
                         • Komisaris Utama President Commissioner PT Trikarsa Manunggal Jaya (2006–2007)
                         • Komisaris Utama President Commissioner PT Bhumi Rantau Energi (2009)
                         • Direktur Utama President Director PT Magma Sigma Utama (2009–2015)
                         • Komisaris Commissioner PT Energi Batubara Lestari (2009–2019)
                         • Direktur Utama President Director PT Sinar Fajar Sejahtera (2009–2020)
                         • Komisaris Commissioner PT Hasnur Mitra Sarana (2009–2020)
                         • Komisaris Commissioner PT Barito Putera Docking (2010–2011)
                         • Direktur Utama President Director PT Hasnur Jaya Energi (2011–2012)
                         • Direktur Utama President Director PT Hasnur Jaya International (2011–2018)
                         • Komisaris Commissioner PT Yuni Nurhas (2011–2018)
                         • Direktur Utama President Director PT Hasnur Resources Terminal (2011–2019)
                         • Komisaris Utama President Commissioner PT Trikarsa Manunggal Jaya (2011–2020)
                         • Komisaris Commissioner PT Barito Putera Industri (2011–2020)
                         • Komisaris Utama President Commissioner PT Radio Gema Oskar Lestari (2012)
                         • Direktur Utama President Director PT Hasnur Jaya Tambang (2012– 2017)
                         • Komisaris Commissioner PT Hasnur Jaya Energi, PT Antang Surya Persada, dan and PT Antang
                           Surya Persada (2012–2020)




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 Riwayat Karier               • Komisaris Commissioner PT Hasnur Jasa Terminal (2013–2020)
 Career History               • Direktur Utama President Director PT Hasnur Cipta Karya (2013–2020)
                              • Komisaris Utama President Commissioner PT Hasnur Cipta Karya (2020)
                              • Direktur Utama President Director PT Hasnur Jaya Utama (2009–2024)
                              • Direktur Director PT Barito Putera Plantation (2009–2023)
                              • Direktur Utama President Director PT Hasnur Graha Jaya (2011–2023)
                              • Komisaris Commissioner PT Hasnur Informasi Teknologi (2021–2024)
                              • Direktur Utama President Director PT Hasnur Sawit Jaya (2012–2023)
                              • Komisaris Utama President Commissioner PT Hasnur Mitra Sarana (2020–2024)
                              • Komisaris Utama President Commissioner PT Hasnur Jasa Terminal (2017–2024)
                              • Komisaris Utama President Commissioner PT Nur Sejahtera Utama (2022–2024)
                              • Komisaris Commissioner PT Gunung Mas Batubara Energi (2013–2023)
                              • Komisaris Commissioner PT Hasnur Jaya Tambang (2017–2025)

 Rangkap Jabatan              • Direktur Utama President Director PT Hasnur Citra Terpadu (2005–Sekarang present)
 Concurrent Positions         • Ketua Dewan Pengawas Koperasi Chairman of the Supervisory Board Teratai Putih Cooperative
                                (2008–sekarang present)
                              • Komisaris Utama President Commissioner PT Barito Putera Plantation (2023–sekarang present)
                              • Direktur Utama President Director PT Sinar Hasnur Putra (2009–sekarang present)
                              • Komisaris Utama President Commissioner PT Hasnur Binuang Putera Mulia (2009–sekarang
                                present)
                              • Anggota Dewan Pembina Member of the Board of Trustees Yayasan Hasnur Centre (2010–sekarang
                                present)
                              • Komisaris Utama President Commissioner PT Hasnur Riung Sinergi (2010–sekarang present)
                              • Komisaris Commissioner PT Hasnur Graha Jaya (2023–sekarang present)
                              • Komisaris Commissioner PT Barito Putera Docking (2021–sekarang present)
                              • Komisaris Commissioner PT Setia Bakti Putera HAS (2011–sekarang present)
                              • Komisaris Utama President Commissioner PT Hasnur Informasi Teknologi (2024–sekarang present)
                              • Komisaris Utama President Commissioner PT Hasnur Jaya Power (2011–sekarang present)
                              • Direktur Utama President Director PT Hasnur Jaya Lestari (2012–sekarang present)
                              • Komisaris Utama President Commissioner PT Hasnur Sawit Jaya (2023–sekarang present)
                              • Komisaris Utama President Commissioner PT Citra Kalimantan Mediatama (2014–sekarang present)
                              • Komisaris Utama President Commissioner PT Putra Banjar Grafika (2014–sekarang present present)
                              • Direktur Utama President Director PT Hasnur Group Indonesia (2017–sekarang present)
                              • Direktur Utama President Director PT Hasnur Agro Lestari (2018–sekarang present)
                              • Komisaris Commissioner PT Hasnur Barito Jaya (2018–sekarang present)
                              • Komisaris Utama President Commissioner PT Hasnur Resources Terminal (2019–sekarang present)
                              • Direktur Utama President Director PT Nur Internasional Samudra (2020–sekarang present)
                              • Komisaris Utama President Commissioner PT HIT Digital Indonesia (2021–sekarang present)
                              • Direktur Utama President Director PT Nur Jaya Samudra (2020–sekarang present)
                              • Komisaris Utama President Commissioner PT Hasnur Riung Sejahtera (2022–sekarang present)
                              • Komisaris Utama President Commissioner PT Hasnur Multi Sinergi (2024–sekarang present)
                              • Komisaris Utama President Commissioner PT Surya Sukses Sejahtera (2022–sekarang present)
                              • Komisaris Utama President Commissioner PT Sigma Rekayasa Prima (2024–sekarang present)
                              • Komisaris Utama President Commissioner PT Nuur Sehat Sejahtera (2022–sekarang present)

 Dasar Hukum Pengangkatan     Ditunjuk dan diangkat sebagai Direktur Utama berdasarkan Keputusan Rapat Umum Pemegang Saham
 Legal Basis of Appointment   Luar Biasa (RUPSLB) 2021.
                              Appointed and elected as President Director based on the 2021 Extraordinary GMS Resolution.

 Hubungan Afiliasi            Beliau memiliki hubungan afiliasi dengan sesama anggota Dewan Komisaris yaitu hubungan keluarga
 Affiliated Relationships     dengan Zainal Hadi HAS HB. Namun beliau tidak memiliki hubungan afiliasi dengan Direksi lainnya,
                              serta terafiliasi dengan Pemegang Saham
                              Utama/Pengendali.
                              She has an affiliation with fellow Board of Commissioners member Zainal Hadi HAS HB, who is a family
                              member. However, she has no affiliations with other members of the Board of Directors, nor is she
                              affiliated with any Major/Controlling Shareholders.

 Kepemilikan Saham HAIS       5,60%
 HAIS Share Ownership

 Periode Jabatan              1
 Term of Office




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Ikhtisar Kinerja                   Laporan Manajemen                          Profil Perusahaan           Analisis dan Pembahasan Manajemen
Highlights Performance             Management Report                          Company Profile             Management Discussion and Analysis




Rahmad Pudjotomo
Direktur
Director




 Usia Age                      63 tahun years old

 Kewarganegaraan Citizenship   Indonesia

 Domisili Residence            Jakarta

 Riwayat Pendidikan            Sarjana Muda, Jurusan Teknik Pertambangan, UPN Veteran Yogyakarta (1985)
 Education History             Diploma, Department of Mining Engineering, UPN Veteran Yogyakarta (1985)

 Riwayat Pekerjaan             • Superintendent di PT Bukit Baiduri Enterprise (1985–1987)
 Career History                  Superintendent at PT Bukit Baiduri Enterprise (1985–1987)
                               • Project Manager di PT Pamapersada Nusantara (1987–2008)
                                 Project Manager at PT Pamapersada Nusantara (1987–2008)
                               • President Director di PT Kalimantan Prima Persada (2008–2017)
                                 President Director at PT Kalimantan Prima Persada (2008–2017)
                               • Operation Director di PT Bangun Karya Persada Nusantara (2017–2020)
                                 Operation Director at PT Bangun Karya Persada Nusantara (2017–2020)
                               • Advisor to Board of Directors di PT Nipindo Group (2017–2020)
                                 Advisor to Board of Directors at PT Nipindo Group (2017–2020)
                               • Operation Head & Advisor to Board of Directors di PT TriMegah Adhirajasa (2020–2023)
                                 Operation Head & Advisor to Board of Directors at PT TriMegah Adhirajasa (2020–2023)
                               • Operation Head & Advisor to Board of Directors di PT Hamparan (2020–2023)
                                 Operation Head & Advisor to Board of Directors at PT Hamparan (2020–2023)
                               • Operation Head & Advisor to Board of Directors di PT Tri Sapta Sejahtera (2020–2023)
                                 Operation Head & Advisor to Board of Directors at PT Tri Sapta Sejahtera (2020–2023)
                               • Direktur Utama PT Hasnur Mitra Sarana (2023–2024)
                                 President Director of PT Hasnur Mitra Sarana (2023–2024)

 Jabatan Lainnya               • Direktur Utama PT Hasnur Resources Terminal (2023–sekarang)
 Concurrent Positions            President Director PT Hasnur Resources Terminal (2023–present)
                               • Direktur PT Hasnur Mitra Sarana (2024–sekarang)
                                 Director PT Hasnur Mitra Sarana (2024–present)
                               • Direktur PT Barito Jaya Sarana (2024–sekarang)
                                 Director PT Barito Jaya Sarana (2024–present)
                               • Direktur PT Hasnur Multi Sinergi (2024–sekarang)
                                 Director PT Hasnur Multi Sinergi (2024–present)
                               • Direktur PT Barito Putera Docking (2024–sekarang)
                                 Director PT Barito Putera Docking (2024–present)
                               • Direktur PT Nur Jaya Samudra (2024–sekarang)
                                 Director PT Nur Jaya Samudra (2024–present)
                               • Komisaris PT Jaya Agensi Kapal Indonesia (2024–sekarang)
                                 Commissioner PT Jaya Agensi Kapal Indonesia (2024–present)
                               • Direktur PT Nur Internasional Samudra (2024–sekarang)
                                 Director PT Nur Internasional Samudra (2024–present)
                               • Direktur PT Hasnur Jaya International (2025–sekarang)
                                 Director PT Hasnur Jaya International (2025–present)

 Dasar Hukum Pengangkatan      Ditunjuk dan diangkat sebagai Direktur berdasarkan Keputusan Rapat Umum Pemegang Saham Luar Biasa
 Legal Basis of Appointment    (RUPSLB) 2023.
                               Appointed and elected as Director based on the 2023 Extraordinary GMS Resolution.

 Hubungan Afiliasi             Beliau tidak memiliki hubungan afiliasi dengan sesama anggota Dewan Komisaris maupun Direksi lainnya,
 Affiliated Relationships      serta tidak terafiliasi dengan Pemegang Saham Utama/Pengendali.
                               He has no affiliations with other members of the Board of Commissioners or Board of Directors, nor is he
                               affiliated with any Major/Controlling Shareholders.

 Kepemilikan Saham HAIS        Tidak Ada
 HAIS Share Ownership

 Periode Jabatan               1
 Term of Office


74                                                                                                    PT Hasnur Internasional Shipping Tbk
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Tata Kelola Perusahaan                     Laporan Keberlanjutan
Good Corporate Governance                  Sustainability Report




Laorentina Devi
Direktur
Director




 Usia Age                      58 tahun years old

 Kewarganegaraan Citizenship   Indonesia

 Domisili Residence            Jakarta

 Riwayat Pendidikan            Sarjana Teknik Kimia dari Institut Teknologi Sepuluh Nopember, Surabaya (1992)
 Education History             Bachelor of Chemical Engineering from Institut Teknologi Sepuluh Nopember, Surabaya (1992)

 Riwayat Pekerjaan             • Staf Operasional di PT Esqarada, Batam (1993–1997)
 Career History                  Operational Staff at PT Esqarada, Batam (1993–1997)
                               • Manager Marketing & Operational di Bee Joo Singapore (1997–2000)
                                 Marketing & Operational Manager at Bee Joo Singapore (1997–2000)
                               • Manager Marketing & Operational di PT Graha Indonesia (2000–2003)
                                 Marketing & Operational Manager at PT Graha Indonesia (2000–2003)
                               • Senior Manager Marketing & Operational di PT Pulau Seroja Jaya (2003–2010)
                                 Senior Manager Marketing & Operations at PT Pulau Seroja Jaya (2003–2010)

 Jabatan Lainnya               • Direktur PT Nur Jaya Samudra (2022– sekarang)
 Concurrent Positions            Director of PT Nur Jaya Samudra (2022–present)
                               • Direktur PT Jaya Agensi Kapal Indonesia (2024–sekarang)
                                 Director of PT Jaya Agensi Kapal Indonesia (2024–present)

 Dasar Hukum Pengangkatan      Ditunjuk dan diangkat sebagai Direktur berdasarkan Keputusan Rapat Umum Pemegang Saham Luar Biasa
 Legal Basis of Appointment    (RUPSLB) 2023.
                               Appointed and elected as Director based on the 2023 Extraordinary GMS Resolution.

 Hubungan Afiliasi             Beliau tidak memiliki hubungan afiliasi dengan sesama anggota Dewan Komisaris maupun Direksi lainnya,
 Affiliated Relationships      serta tidak terafiliasi dengan Pemegang Saham Utama/Pengendali.
                               She has no affiliation with other members of the Board of Commissioners or Board of Directors, nor is she
                               affiliated with the Major/Controlling Shareholders.

 Kepemilikan Saham HAIS        0,01%
 HAIS Share Ownership

 Periode Jabatan               1
 Term of Office




Laporan Tahunan Annual Report 2025                                                                                                         75
Page 78
Ikhtisar Kinerja                   Laporan Manajemen                          Profil Perusahaan           Analisis dan Pembahasan Manajemen
Highlights Performance             Management Report                          Company Profile             Management Discussion and Analysis




Rickie
Direktur
Director




 Usia Age                      49 tahun years old

 Kewarganegaraan Citizenship   Indonesia

 Domisili Residence            Jakarta

 Riwayat Pendidikan            Sarjana Ekonomi dari Universitas Katolik Indonesia Atma Jaya, Jakarta (1995)
 Education History             Bachelor of Economics from Universitas Katolik Indonesia Atma Jaya, Jakarta (1995)

 Riwayat Pekerjaan             • Staf Accounting di PT Dongsuh Kolibindo Securities (2000–2002)
 Career History                  Accounting Staff at PT Dongsuh Kolibindo Securities (2000–2002)
                               • Internal Audit Supervisor di PT Surya Toto Indonesia Tbk (2002–2004)
                                 Internal Audit Supervisor at PT Surya Toto Indonesia Tbk (2002–2004)
                               • Finance & Accounting Manager di PT Victoria Sekuritas (2004–2008)
                                 Finance & Accounting Manager at PT Victoria Sekuritas (2004–2008)
                               • Financial Controller di PT Phillip Securities Indonesia (2008–2013)
                                 Financial Controller at PT Phillip Securities Indonesia (2008–2013)
                               • Associate Director di PT RHB Sekuritas Indonesia (2013–2022)
                                 Associate Director at PT RHB Sekuritas Indonesia (2013–2022)

 Jabatan Lainnya               • Direktur PT Hasnur Resources Terminal (2024–sekarang)
 Concurrent Positions            Director of PT Hasnur Resources Terminal (2024–present)
                               • Direktur PT Hasnur Multi Sinergi (2024–sekarang)
                                 Director of PT Hasnur Multi Sinergi (2024–present)

 Dasar Hukum Pengangkatan      Ditunjuk dan diangkat sebagai Direktur berdasarkan Keputusan Rapat Umum Pemegang Saham Luar Biasa
 Legal Basis of Appointment    (RUPSLB) 2023.
                               Appointed and elected as Director based on the 2023 Extraordinary GMS Resolution.

 Hubungan Afiliasi             Beliau tidak memiliki hubungan afiliasi dengan sesama anggota Dewan Komisaris maupun Direksi lainnya,
 Affiliated Relationships      serta tidak terafiliasi dengan Pemegang Saham Utama/Pengendali.
                               He has no affiliations with other members of the Board of Commissioners or Board of Directors, nor is he
                               affiliated with any Major/Controlling Shareholders.

 Kepemilikan Saham HAIS        Tidak Ada
 HAIS Share Ownership

 Periode Jabatan               1
 Term of Office




76                                                                                                   PT Hasnur Internasional Shipping Tbk
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Tata Kelola Perusahaan                     Laporan Keberlanjutan
Good Corporate Governance                  Sustainability Report




Profil Dewan Komisaris
Board of Commissioners Profile


Pada tahun 2025, terdapat perubahan pada komposisi                    In 2025, there was a change in the composition of the Board
Dewan Komisaris sesuai dengan Keputusan RUPS Luar                     of Commissioners in accordance with the Extraordinary
Biasa tanggal 1 Oktober 2025 dengan diangkatnya Bapak                 Annual GMS Resolution dated 1 October 2025, with the
Hendra Iskandar Lubis sebagai Komisaris Independen,                   appointment of Mr. Hendra Iskandar Lubis as Independent
menggantikan Bapak Nur Prasetyo yang mengundurkan                     Commissioner, replacing Mr. Nur Prasetyo who resigned
diri dari Perseroan.                                                  from the Company.




Zainal Hadi HAS HB
Komisaris Utama
President Commissioner




 Usia Age                      42 tahun years old

 Kewarganegaraan Nationality   Indonesia

 Domisili Residence            Jakarta

 Riwayat Pendidikan            • Diploma of Commerce di Melbourne Institute of Business and Technology di Jakarta (2002)
 Education History               Diploma of Commerce from Melbourne Institute of Business and Technology in Jakarta (2002)
                               • Bachelor of Commerce di bidang Marketing & International Trade di Deakin University, Australia (2006)
                                 Bachelor of Commerce in Marketing & International Trade from Deakin University, Australia (2006)
                               • Master of Commerce di bidang Accounting & Finance di Deakin University, Australia (2006)
                                 Master of Commerce in Accounting & Finance from Deakin University, Australia (2006)

 Riwayat Pekerjaan             • Finance PT Barito Putera (2006–2007)
 Career History                • Komisaris Commissioner PT Hasnur Binuang Putera Mulia (2007–2009)
                               • Direktur Director PT Tapin Suthra Berjaya (2007–2011)
                               • Direktur Director PT Putra Banjar Grafika (2008–2009)
                               • Direktur Director PT Citra Kalimantan Mediatama (2008–2009)
                               • Direktur Director PT Bhumi Rantau Energi (2009)
                               • Direktur Utama President Director PT Bhumi Rantau Energi (2009)
                               • Komisaris Commissioner PT Bhumi Rantau Energi (2009)
                               • Komisaris Utama President Commissioner PT Putra Banjar Grafika (2009–2014)
                               • Komisaris Commissioner PT Magma Sigma Utama (2009–2015)
                               • Direktur Director PT Energi Batubara Lestari (2009–2019)
                               • Direktur Director PT Barito Putera (2009–2020)
                               • Direktur Utama President Director PT Trikarsa Manunggal Jaya (2009–2020)
                               • Direktur Utama President Director PT Hasnur Mitra Sarana (2009–2020)
                               • Direktur Director PT Antang Surya Persada (2010–2012)
                               • Direktur Director PT Hasnur Riung Sinergi (2010–2018)
                               • Direktur Director PT Hasnur Jaya Energi (2011–2012)
                               • Direktur Director PT Hasnur Citra Terpadu (2011–2013)
                               • Direktur Director PT Bhumi Rantau Energi (2011–2013)
                               • Direktur Director PT Hasnur Jaya International (2011–2018)
                               • Direktur Utama President Director PT Yuni Nurhas (2011–2018)
                               • Direktur Director PT Hasnur Resources Terminal (2011–2019)
                               • Direktur Director PT Hasnur Jaya Tambang (2012–2017)
                               • Direktur Utama President Director PT Antang Surya Persada (2012–2020)



Laporan Tahunan Annual Report 2025                                                                                                       77
Page 80
Ikhtisar Kinerja                  Laporan Manajemen                           Profil Perusahaan            Analisis dan Pembahasan Manajemen
Highlights Performance            Management Report                           Company Profile              Management Discussion and Analysis




 Riwayat Pekerjaan            • Direktur Utama President Director PT Tapin Suthra Berjaya (2013)
 Career History               • Komisaris Commissioner Hasnur Graha Jaya (2013–2018)
                              • Direktur Utama President Director PT Bhumi Rantau Energi (2013–2018)
                              • Direktur Director PT Hasnur Cipta Karya (2013–2020)
                              • Direktur Director PT Hasnur Jasa Terminal (2013–2020)
                              • Direktur Director PT Barito Putera Plantation (2016–2019)
                              • Direktur Director PT Hasnur Jaya Utama (2009–2024)
                              • Komisaris Commissioner PT Hasnur Mitra Sarana (2020–2024)
                              • Direktur Utama President Director PT Hasnur Media Citra (2020–2024)
                              • Direktur Utama President Director PT Barito Putera Industri (2011–2023)
                              • Komisaris Utama President Commissioner PT Radio Gema Oskar Lestari (2020–2024)
                              • Komisaris Commissioner PT Barito Putera Docking (2014–2024)
                              • Komisaris Commissioner PT Hasnur Resources Terminal (2019–2024)
                              • Komisaris Commissioner PT Antang Surya Persada (2020–2023)
                              • Komisaris Commissioner PT Nur Jaya Samudra (2020–2024)
                              • Direktur Director PT Hasnur Graha Jaya (2018–2023)
                              • Direktur Utama President Director PT Gunung Mas Batubara Energi (2013–2023)
                              • Komisaris Commissioner PT HIT Digital Indonesia (2021–2023)
                              • Direktur Utama President Director PT Nur Sejahtera Utama (2022–2024)
                              • Direktur Utama President Director PT Hasnur Jaya Tambang (2017–2025)
                              • Komisaris Commissioner PT Hasnur Cipta Karya (2020–2025)

 Jabatan Lainnya              • Direktur Director PT Sinar Hasnur Putera (2006–sekarang present present)
 Concurrent Positions         • Direktur Utama President Director PT Setia Bhakti Putera HAS (2006–sekarang present present)
                              • Direktur Utama President Director PT Hasnur Jaya Utama (2024–sekarang present present)
                              • Direktur Utama President Director PT Putera Barito Berbakti (2011–sekarang present present)
                              • Komisaris Commissioner PT Hasnur Media Citra (2024–sekarang present)
                              • Direktur Director PT Barito Putera Industri (2023–sekarang present)
                              • Direktur Utama President Director PT Hasnur Jaya Energi (2012–sekarang present)
                              • Direktur Utama President Director PT Tapin Suthra Berjaya (2013–sekarang present)
                              • Direktur Director PT Hasnur Group Indonesia (2017–sekarang present)
                              • Komisaris Commissioner PT Hasnur Jaya Tambang (2025–sekarang present)
                              • Direktur Utama President Director PT Hasnur Barito Jaya (2018–sekarang present)
                              • Direktur Utama President Director PT Hasnur Jaya International (2018–sekarang present)
                              • Komisaris Utama President Commissioner PT Hasnur Syres Energy (2025–sekarang present)
                              • Komisaris Commissioner PT Energi Batubara Lestari (2020–sekarang present)
                              • Direktur Utama President Director PT Hasnur Jasa Terminal (2020–sekarang present)
                              • Komisaris Commissioner PT Trikarsa Manunggal Jaya (2020–sekarang present)
                              • Komisaris Commissioner PT Hasnur Jaya Power (2020–sekarang present)
                              • Komisaris Utama President Commissioner PT Hasnur Cipta Karya (2025 –sekarang present)
                              • Komisaris Commissioner PT Nur Internasional Samudra (2020–sekarang present)
                              • Komisaris Utama President Commissioner PT Nur Jaya Samudra (2024–sekarang present)
                              • Komisaris Commissioner PT Hasnur Media Citra (2024–sekarang present)
                              • Direktur Utama President Director PT Hasnur Graha Jaya (2023–sekarang present)
                              • Komisaris Utama President Commissioner Bayang Nyalo Hidro (2021–sekarang present)
                              • Direktur Utama President Director PT Energi Bhumi Lestari (2022–sekarang present)
                              • Komisaris Utama President Commissioner PT Energi Morowali Lestari (2022–sekarang present)
                              • Komisaris Utama President Commissioner PT Nur Sejahtera Utama (2024–sekarang present)
                              • Komisaris Utama President Commissioner PT Wana Agro Selaras (2023–sekarang present)
                              • Komisaris Commissioner PT Energi Banua Lestari (2022–sekarang present)
                              • Direktur Director PT Hasnur Riung Sejahtera (2022–sekarang present)
                              • Komisaris Utama President Commissioner PT Mitra Sigra Utama (2023–sekarang present)
                              • Komisaris Utama President Commissioner PT Graha Nusa Minergi (2024–sekarang present)
                              • Direktur Utama President Director PT Nuur Sehat Sejahtera (2022–sekarang present)
                              • Komisaris Commissioner PT Insan Pendidikan Indonesia (2024–sekarang present)
                              • Komisaris Utama President Commissioner PT Magma Sigma Utama (2025 - sekarang present)
                              • Komisaris Commissioner PT Cipta Daya Inovasi (2025 - sekarang present)

 Dasar Hukum Pengangkatan     Ditunjuk dan diangkat sebagai Komisaris Utama berdasarkan Keputusan Rapat Umum Pemegang Saham Luar
 Legal Basis of Appointment   Biasa (RUPSLB) 2021.
                              Appointed and elected as President Commissioner based on the 2021 Extraordinary GMS Resolution.

 Hubungan Afiliasi            Beliau tidak memiliki hubungan afiliasi dengan sesama anggota Dewan Komisaris. Namun beliau memiliki
 Affiliated Relationships     hubungan afiliasi dengan Direksi lainnya, yaitu hubungan keluarga dengan Direktur Utama, Jayanti Sari, serta
                              terafiliasi dengan Pemegang Saham Utama/Pengendali.
                              He has no affiliations with other members of the Board of Commissioners. However, he does have affiliations
                              with other members of the Board of Directors, namely family ties with the President Director, Jayanti Sari, and
                              affiliations with the Main/Controlling Shareholders.

 Kepemilikan Saham HAIS       5,60%
 HAIS Share Ownership

 Periode Jabatan              1
 Term of Office



78                                                                                                    PT Hasnur Internasional Shipping Tbk
Page 81
Tata Kelola Perusahaan                     Laporan Keberlanjutan
Good Corporate Governance                  Sustainability Report




Hendra Iskandar Lubis
Komisaris Independen
Independent Commissioner




 Usia Age                      59 tahun years old

 Kewarganegaraan Citizenship   Indonesia

 Domisili Residence            Jakarta

 Riwayat Pendidikan            • Master of Business Administration di The George Washington University (1994)
 Education History               Master of Business Administration from The George Washington University (1994)
                               • Sarjana Teknik Perencanaan Wilayah dan Kota di Institut Teknologi Bandung (1990)
                                 Bachelor of Regional and Urban Planning Engineering at the Bandung Institute of Technology (1990)

 Riwayat Pekerjaan             • Direktur Corporate Finance PT OSK Nusadana Securities Indonesia (2006–2012)
 Career History                  Director of Corporate Finance at PT OSK Nusadana Securities Indonesia (2006–2012)
                               • Komisaris Utama PT Daya Dimensi Indonesia (2007–2012)
                                 President Commissioner at PT Daya Dimensi Indonesia (2007–2012)
                               • Komisaris Utama PT Daya Lima Abisatya (2012–2021)
                                 President Commissioner of PT Daya Lima Abisatya (2012–2021)
                               • Komisaris Independen PT PN Bina Buana Raya Tbk (2012 -2021)
                                 Independent Commissioner of PT PN Bina Buana Raya Tbk (2012 -2021)
                               • Direktur Utama PT Pefindo Riset Konsultasi (2014–2016)
                                 President Director of PT Pefindo Riset Konsultasi (2014–2016)
                               • Komisaris Independen PT PPA Finance (2018–2021)
                                 Independent Commissioner of PT PPA Finance (2018–2021)
                               • Komite Perencanaan dan Pemantauan Risiko Perum Perumnas (2020–2025)
                                 Risk Planning and Monitoring Committee of Perum Perumnas (2020–2025)

 Jabatan Lainnya               • Komisaris Independen PT BCA Sekuritas (2017–sekarang)
 Concurrent Positions            Independent Commissioner of PT BCA Sekuritas (2017–present)
                               • Direktur Utama PT Central Sudirman Development (2021–sekarang)
                                 President Director of PT Central Sudirman Development (2021–present)

 Dasar Hukum Pengangkatan      Ditunjuk dan diangkat sebagai Komisaris berdasarkan Keputusan Rapat Umum Pemegang Saham Luar Biasa
 Legal Basis of Appointment    (RUPSLB) 2025.
                               Appointed and elected as Commissioner based on the 2025 Extraordinary GMS Resolution.

 Hubungan Afiliasi             Beliau tidak memiliki hubungan afiliasi dengan sesama anggota Dewan Komisaris maupun Direksi lainnya,
 Affiliated Relationships      serta tidak terafiliasi dengan Pemegang Saham Utama/Pengendali.
                               He has no affiliations with other members of the Board of Commissioners or the Board of Directors, nor is he
                               affiliated with any Major/Controlling Shareholders.

 Kepemilikan Saham HAIS        Tidak Ada
 HAIS Share Ownership

 Periode Jabatan               1
 Term of Office




Laporan Tahunan Annual Report 2025                                                                                                        79
Page 82
Ikhtisar Kinerja                   Laporan Manajemen                           Profil Perusahaan           Analisis dan Pembahasan Manajemen
Highlights Performance             Management Report                           Company Profile             Management Discussion and Analysis




Iwanho
Komisaris
Commissioner




 Usia Age                      54 tahun years old

 Kewarganegaraan Citizenship   Indonesia

 Domisili Residence            Jakarta

 Riwayat Pendidikan            • Sarjana Akuntansi di Universitas Trisakti (1994)
 Education History               Bachelor of Accounting from Trisakti University (1994)
                               • Magister Manajemen di IPMI (2008)
                                 Master of Management from IPMI (2008)

 Riwayat Pekerjaan             • Direktur KPMG (2001–2005)
 Career History                  Director of KPMG (2001–2005)
                               • Partner di Ernst & Young (2006–2010)
                                 Partner at Ernst & Young (2006–2010)
                               • Partner di Deloitte (2010–2015)
                                 Partner at Deloitte (2010–2015)
                               • CEO PT RHB Sekuritas Indonesia (2018–2021)
                                 CEO of PT RHB Sekuritas Indonesia (2018–2021)
                               • Direktur PT Nur Sejahtera Utama (2022–2025)
                                 Director of PT Nur Sejahtera Utama (2022–2025)
                               • Komisaris PT Nur Internasional Samudra (2023–2025)
                                 Commissioner of PT Nur Internasional Samudra (2023–2025)
                               • Komisaris PT Hasnur Jaya International (2024–2025)
                                 Commissioner of PT Hasnur Jaya International (2024–2025)

 Jabatan Lainnya               • Komisaris PT Hasnur Citra Terpadu (2022–sekarang)
 Concurrent Positions            Commissioner of PT Hasnur Citra Terpadu (2022–present)
                               • Komisaris PT Barito Putera Plantation (2022–sekarang)
                                 Commissioner of PT Barito Putera Plantation (2022–present)
                               • Komisaris PT Inti Bios Persada Sejahtera (2023–sekarang)
                                 Commissioner of PT Inti Bios Persada Sejahtera (2023–present)
                               • Komisaris PT Intibios Makmur Indonesia Sehat (2023–sekarang)
                                 Commissioner of PT Intibios Makmur Indonesia Sehat (2023–present)

 Dasar Hukum Pengangkatan      Ditunjuk dan diangkat sebagai Komisaris berdasarkan Keputusan Rapat Umum Pemegang Saham Luar Biasa
 Legal Basis of Appointment    (RUPSLB) 2022.
                               Appointed and elected as Commissioner based on the 2022 Extraordinary GMS Resolution.

 Hubungan Afiliasi             Beliau tidak memiliki hubungan afiliasi dengan sesama anggota Dewan Komisaris maupun Direksi lainnya,
 Affiliated Relationships      serta tidak terafiliasi dengan Pemegang Saham Utama/Pengendali.
                               He has no affiliations with other members of the Board of Commissioners or the Board of Directors, nor is he
                               affiliated with any Major/Controlling Shareholders.

 Kepemilikan Saham HAIS        Tidak Ada
 HAIS Share Ownership

 Periode Jabatan               1
 Term of Office




80                                                                                                    PT Hasnur Internasional Shipping Tbk
Page 83
Tata Kelola Perusahaan                   Laporan Keberlanjutan
Good Corporate Governance                Sustainability Report




Perubahan Komposisi Direksi dan Dewan Komisaris Setelah
Tahun Buku Berakhir
Changes in the Composition of the Board of Directors and Board of Commissioners
After the end of the Financial Year


Tidak ada perubahan Komposisi Direksi dan Dewan                         There were no changes in the composition of the Board of
Komisaris yang terjadi setelah tahun buku berakhir.                     Directors and Board of Commissioners after the end of the
                                                                        fiscal year.




Demografi Karyawan                            [OJK C.3.b]


Employee Demography


Sampai dengan Desember 2025, jumlah karyawan                            As of December 2025, the Company had 317 employees,
perseroan sebanyak 317 orang, mengalami peningkatan                     an increase of 10.45% compared to 287 employees
10,45% dibandingkan pada akhir tahun 2024 sebanyak                      at the end of 2024.			
287 orang.




Komposisi Karyawan Berdasarkan Jenis Kelamin
Employee Composition Based on Gender

 Jenis Kelamin
                                       2025       2024           2023                                             9,15%
 Gender

   Laki-laki Male                      288         258           213                             2025
   Perempuan Female                     29           29           27
                                                                                  90,85%
 Jumlah Total                          317         287           240




Komposisi Karyawan Berdasarkan Jenjang Jabatan
Employee Composition Based on Position Level

 Jenjang Jabatan                                                                                 1,25% 2,19%
                                       2025       2024           2023
 Position Level                                                                                    0,63% 1,56%

   Direktur Director                     4            4            4
                                                                                   30,63%
   Deputi Direktur Deputy Director       0            0            0

   Senior Manager                        2            1            0

   Manager                               7            9            8                             2025             42,50%
   Asisten Manager Assistant Manager     5            7            6

   Supervisor                          131         100            80

   Staf Staff                           63          87            72
                                                                                       21,25%
   Non-Staf Non-Staff                  105          79            70

 Jumlah Total                          317        287            240




Laporan Tahunan Annual Report 2025                                                                                             81
Page 84
Ikhtisar Kinerja                            Laporan Manajemen                      Profil Perusahaan       Analisis dan Pembahasan Manajemen
Highlights Performance                      Management Report                      Company Profile         Management Discussion and Analysis




Komposisi Karyawan Berdasarkan Usia
Employee Composition Based on Age
                                                                                                       0,63% 4,42%
 Jenjang Jabatan
                                              2025        2024           2023                                            16,72%
 Position Level

     > 55 tahun years old                       14          10             8

     45 - 54 tahun years old                   53          45             41

     35 - 44 tahun years old                   84          84             71             51,74%
                                                                                                        2025
     23 - 34 tahun years old                  164          146           118
                                                                                                                            26,50%
     18 - 22 tahun years old                    2               2          2

 Jumlah Total                                  317        287            240




Komposisi Karyawan Berdasarkan Tingkat Pendidikan
Employee Composition Based on Education Level
                                                                                                       0,95% 1,89%
 Tingkat Pendidikan                                                                                                      17,67%
                                               2025         2024          2023
 Education Level

     Pasca Sarjana Graduate/Post Graduate            6              9          6

     Sarjana Undergraduate                       56             60         48
                                                                                         46,37%
     Diploma/Akademi Diploma/Academy            105                 91     73                            2025
     SLTA High School                            147            124        107

  SLTP dan Lain-lain
                                                     3              3          6                                           33,2%
 Middle School and Others

 Jumlah Total                                    317        287           240




Komposisi Karyawan Berdasarkan Status Ketenagakerjaan                                                   0,32%
Employee Composition Based on Employment Status
                                                                                                                          26,50%
 Status Ketenagakerjaan
                                               2025         2024          2023
 Employment Status

     Karyawan Tetap Permanent Employee           84                 81     80
                                                                                                        2025
     ABK Vessel Crew                            232             192        152

     Karyawan Kontrak Contract Employee              1              14         8

 Jumlah Total                                    317        287           240               73,19%




Komposisi Karyawan Berdasarkan Lokasi
Employee Composition Based on Location
                                                                                                                10,73%
 Lokasi
                                               2025         2024          2023
 Location

     Jakarta                                     34             37         28                                              14,83%

     Alalak, Barito Kuala,                       47             53         54
     Kalimantan Selatan South Kalimantan                                                               2025                 1,26%
     Sungai Puting, Tapin,                           4              5          6
                                                                                         73,19%
     Kalimantan Selatan South Kalimantan

     Vessel Crew                                232             192        152

 Jumlah Total                                    317        287           240



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Struktur dan Komposisi Pemegang Saham                                                                               [OJK C.3.c]


Shareholders Structure and Composition


                            5,60%
                  5,60%


         5,60%

                                                                                        PT Nur Internasional Samudra

    5,60%                                                        40,82%                 Masyarakat | Public

                                                                                        Jayanti Sari

  5,60%                         2025                                                    Zainal Hadi HAS HB

                                                                                        H. Rachmadi HAS

    5,60%                                                                               Hasnuryadi Sulaiman SE

                                                                                        Hasnuryani SE

                                                                                        Nila Susanti
          5,60%
                                                                                        Yuni Abdi Nur Sulaiman


                                19,98%




                                                                                  1 Januari January 2025                            31 Desember December 2025
 Nama Pemegang Saham
 Shareholders Names                                                         Jumlah Saham               Persentase             Jumlah Saham          Persentase
                                                                             Total Shares              Percentage              Total Shares         Percentage

 Kepemilikan di atas 5%
 Ownership over 5%

   PT Nur Internasional Samudra                                              1.071.927.700              40,82%                    1.071.927.700       40,82%

   Jayanti Sari (Direktur Utama President Director)                           147.070.000                 5,60%                    147.070.000         5,60%

   Zainal Hadi HAS HB (Komisaris Utama President Commissioner)                147.070.000                 5,60%                    147.070.000         5,60%

   H. Rachmadi Has                                                            147.070.000                 5,60%                    147.070.000         5,60%

   Nila Susanti                                                               147.070.000                 5,60%                    147.070.000         5,60%

   Hasnuryadi Sulaiman SE                                                     147.070.000                 5,60%                    147.070.000         5,60%

   Hasnuryani SE                                                              147.070.000                 5,60%                    147.070.000         5,60%

   Yuni Abdi Nur Sulaiman                                                     147.070.000                 5,60%                    147.070.000         5,60%

 Kepemilikan di bawah 5%
 Ownership below 5%

   Masyarakat (di bawah 5%)                                                  524.832.300                 19,98%                   524.832.300          19,98%
   Public (below 5%)

 Total                                                                      2.626.250.000              100,00%               2.626.250.000           100,00%




Kepemilikan Saham oleh Direksi dan                                                  Share Ownership by the Board of Directors and
Dewan Komisaris                                                                     Board of Commissioners


                                                                                  1 Januari January 2025                            31 Desember December 2025
 Nama Pemegang Saham
 Shareholders Names                                                         Jumlah Saham               Persentase             Jumlah Saham          Persentase
                                                                             Total Shares              Percentage              Total Shares         Percentage

 Jayanti Sari (Direktur Utama President Director)                             147.070.000                 5,60%                    147.070.000         5,60%

 Zainal Hadi HAS HB (Komisaris Utama President Commissioner)                  147.070.000                 5,60%                    147.070.000         5,60%

 Laorentina Devi (Direktur / Director)                                            186.000                 0,01%                        186.000          0,01%




Laporan Tahunan Annual Report 2025                                                                                                                               83
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Ikhtisar Kinerja                            Laporan Manajemen                                 Profil Perusahaan                 Analisis dan Pembahasan Manajemen
Highlights Performance                      Management Report                                 Company Profile                   Management Discussion and Analysis




Komposisi Pemegang Saham Berdasarkan Status                                            Composition of Shareholders Based on Status


 Status Pemegang Saham                                Jumlah Pemegang Saham                        Jumlah Saham                             Kepemilikan
 Shareholders Status                                     Total Shareholders                         Total Shares                            Ownership

 Individu Lokal Local Individuals                                5.778                              1.290.963.300                                49,16%

 Individu Asing Foreign Individuals                                      2                                 78.000                                0,00%

 Institusi Lokal Local institutions                                  16                             1.313.446.900                                50,01%

 Institusi Asing Foreign Institutions                                10                                21.761.800                                0,83%

 Jumlah Total                                                    5.806                            2.626.250.000                              100,00%



Pemegang Saham Utama dan Pengendali                                                    Majority Shareholders and Controlling Shareholders

PT Nur Internasional Samudra, sebagai bagian dari Hasnur                               PT Nur Internasional Samudra, as part of the Hasnur
Group, merupakan pemegang saham utama Perseroan                                        Group, is the Company's majority shareholder with
dengan kepemilikan 40,82% saham.                                                       a 40.82% stake.

Peran strategis Hasnur Group dalam pengelolaan dan                                     The Hasnur Group's strategic role in the management and
pengendalian operasional Perseroan dipimpin oleh Jayanti                               control of the Company's operations is led by Jayanti Sari
Sari dan Zainal Hadi HAS HB, yang memastikan keselarasan                               and Zainal Hadi HAS HB, who ensure alignment with the
dengan visi dan misi grup secara menyeluruh.                                           group's overall vision and mission.




Struktur Grup Perusahaan
Corporate Group Structure


Berikut  adalah   struktur                 grup       Perusahaan              per      Below is the Company’s                     group     structure        as    of
31 Desember 2025:                                                                      31 December 2025:


                                                                                                                                        Yuni
                     H. Rachmadi
                                                          Jayanti Sari                        Hasnuryani SE                           Abdi Nur
                         HAS
                                                                                                                                      Sulaiman
                                                           5,60%                                5,60%
                         5,60%
                                                                                                                                      5,60%
                                        Zainal Hadi                                                               Hasnuryadi
                                                                               Nila Susanti
                                         HAS HB                                                                   Sulaiman SE
                                                                                5,60%
                                         5,60%                                                                     5,60%
        PT Nur
                                                                                                                                                      Masyarakat
     Internasional
                                                                                                                                                        Public
       Samudera
                                                                                                                                                          19,98%
      40,82%




                                                                                       98,65%


                                          1,35%                                PT Hasnur
                                                                               Resources
                                                                                Terminal




                                        99,8%                                99,8%                        55%


                      0,2%                  PT Hasnur                           PT Barito                   PT Hasnur
                                           Mitra Sarana                        Jaya Sarana                 Multi Sinergi



                      0,2%


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Entitas Anak dan Entitas Asosiasi
Subsidiaries and Associated Entities


                                                                       ENTITAS ANAK

                                                                                                                                       Tahun Operasi
                                                                                                                       Status
 Ruang Lingkup                                                                                                                         Komersial
                      Bidang Usaha                    Alamat                             Total Aset      Kepemilikan   Operasi
 Usaha                                                                                                                                 Year of
                      Line of Business                Address                            Total Asset     Ownership     Operating
 Business Scope                                                                                                                        Commercial
                                                                                                                       Status
                                                                                                                                       Operations

 Entitas Anak di Bawah Perusahaan
 Subsidiaries Under the Company

 PT Hasnur            Penyedia jasa terminal dan      Jl. Brigjend H. Hasan Basri,     169.540.006.178    98,65%       Beroperasi           2011
 Resources            fasilitas pelabuhan lainnya     Komp. Pertokoan Kayutangi                                        In operations
 Terminal (HRT)       Terminal service providers      Permai No. A2-A4, Kel. Sungai
                      and other port facilities       Miai, Banjarmasin Utara,
                                                      Kalimantan Selatan

 Entitas Anak di Bawah HRT
 Subsidiaries under HRT

 PT Hasnur Mitra      Jasa bongkar muat               Jl. Hauling Hasnur KM 01          7.442.495.010     99,80%       Beroperasi          2019
 Sarana               Loading and unloading           Kel. Sungai Puting, Kec. Candi                                   In operations
                      services                        Laras Utara, Tapin,
                                                      Kalimantan Selatan

 PT Barito Jasa       Jasa bongkar muat               Jl. Poros Pendang, Kel.             484.997.574     99,80%       Beroperasi          2024
 Sarana               Loading and unloading           Pendang, Kec. Dusun                                              In operations
                      services                        Utara, Kab. Barito Selatan,
                                                      Kalimantan Tengah

 PT Hasnur Multi      Angkutan Laut Dalam             Gedung Office 8, Lantai 3,        61.355.277.724    55,00%       Belum               2026
 Sinergi              Negeri untuk Barang Umum        Jl. Senopati No. 8B,                                             Beroperasi
                      dan Khusus                      Kel. Senayan, Kec. Kebayoran                                     Not yet in
                      Domestic Sea Transportation     Baru, Jakarta Selatan 12190                                      operations
                      for General and Special Goods



Ventura Bersama                                                               Joint Ventures

Hingga akhir tahun 2025, Perseroan tidak meluncurkan                          Until the end of 2025, the Company did not launch new
anak usaha baru maupun melakukan penambahan                                   subsidiaries or increase its share participation in joint
penyertaan saham pada ventura bersama, selain entitas                         ventures, apart from entities that it already owns.
yang telah dimiliki sebelumnya.




Kronologis Pencatatan Saham
Chronology of Share Registration


Perseroan melaksanakan Penawaran Umum Perdana Saham                           The Company conducted an Initial Public Offering (IPO)
(IPO) di Bursa Efek Indonesia pada 1 September 2021,                          on the Indonesia Stock Exchange on 1 September 2021,
dengan menawarkan 525.250.000 saham baru Perseroan                            offering 525,250,000 new shares of the Company with a
dengan nilai nominal Rp100 per lembar saham pada harga                        nominal value of Rp100 per share at an offering price of
penawaran Rp300 per lembar saham.                                             Rp300 per share.

Hingga akhir tahun 2025, tidak terdapat aksi korporasi lain                   Until the end of 2025, there were no other corporate
yang dilakukan Perseroan yang mempengaruhi komposisi                          actions carried out by the Company that affected the
kepemilikan saham, sehingga struktur kepemilikan saham                        composition of share ownership, so that the Company's
Perseroan tetap konsisten sejak IPO.                                          share ownership structure remained consistent since
                                                                              the IPO.




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Ikhtisar Kinerja                            Laporan Manajemen                               Profil Perusahaan           Analisis dan Pembahasan Manajemen
Highlights Performance                      Management Report                               Company Profile             Management Discussion and Analysis




                                                                                Nilai Nominal     Harga Penawaran
 Aksi Korporasi          Jumlah Saham Baru       Tanggal Pencatatan di Bursa                                         Jumlah Saham    Jumlah Modal Disetor
                                                                                Nominal Value      Offering Price
 Corporate Action         Total New Shares       Listing Date at the Exchange                                         Total Shares    Total Paid In Capital
                                                                                     (Rp)               (Rp)

 Penawaran Umum             525.250.000               1 September 2021                100                300         2.626.250.000     262.625.000.000
 Perdana (IPO)

Catatan/Notes:
Seluruh pelaksanaan penawaran umum saham dilaksanakan melalui Bursa Efek Indonesia.
All public offerings are conducted through Indonesia Stock Exchange




Kronologis Penerbitan Efek Lainnya
Chronology of Other Securities Issues


Sampai dengan 31 Desember 2025, Perseroan tidak                                   As of 31 December 2025, the Company has not issued
menerbitkan efek lain dalam bentuk apapun selain                                  any other securities other than those described in the
yang telah dijelaskan dalam kronologis penerbitan dan                             chronology of share issuance and listing above. Therefore,
pencatatan saham sebelumnya. Maka dari itu, tidak                                 there is no information that can be disclosed regarding the
terdapat informasi yang dapat disampaikan terkait                                 chronology of other securities listing, corporate actions,
kronologis pencatatan efek lain, aksi korporasi, perubahan                        changes in the number of securities, the name of the
jumlah efek, nama bursa tempat pencatatan efek lainnya,                           exchange where other securities are listed, or the rating
maupun peringkat efek.                                                            of securities.




Auditor Eksternal
External Auditor


Yang ditunjuk adalah Kantor Akuntan Publik Mirawati Sensi                         The appointed external auditor is Mirawati Sensi Idris
Idris (Moore) yang beralamat di EightyEight@Kasablanka                            (Moore) Public Accounting Firm, located at EightyEight@
Office 20th Floor Unit A Jl. Casablanca Kav. 88, Menteng                          Kasablanka Office 20th Floor Unit A Jl. Casablanca
Dalam, Tebet Jakarta Selatan 12870, sebagai Auditor                               Kav. 88, Menteng Dalam, Tebet, South Jakarta 12870, as
Eksternal Independen Perusahaan untuk memeriksa                                   the Company's Independent External Auditor to examine and
dan memberikan opininya atas Laporan Keuangan                                     provide its opinion on the Company's Financial Statements
Perusahaan untuk tahun buku yang berakhir pada tanggal                            for the fiscal year ending on 31 December 2025.
31 Desember 2025.

Komite Audit memandang penawaran harga yang                                       The Audit Committee considers the price offered by
diberikan oleh Kantor Akuntan Publik dimaksud merupakan                           the Public Accounting Firm to be reasonable and in
harga yang wajar dan sesuai dengan ruang lingkup jasa                             accordance with the scope of services provided.
yang diberikan.

Dalam menjalankan tugasnya, Auditor Eksternal Independen                          In carrying out its duties, the Independent External
menyatakan tidak terjadi benturan kepentingan dalam                               Auditor stated that there were no conflicts of interest in
pelaksanaan audit.                                                                the implementation of the audit.

Selain jasa audit keuangan, Kantor Akuntan Publik                                 Apart from financial audit services, the Public Accounting
Mirawati Sensi Idris (Moore) tidak memberikan jasa lain                           Mirawati Sensi Idris (Moore) does not provide other
kepada Perusahaan.                                                                services to the Company.




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Lembaga dan Profesi Penunjang Pasar Modal
Capital Market Supporting Institutions and Professions




Biro Administrasi Efek                                        Share Registrar

PT Adimitra Jasa Korpora                                      PT Adimitra Jasa Korpora

Kirana Boutique Office                                        Kirana Boutique Office
Jl. Kirana Avenue III Blok F3 No. 5                           Jl. Kirana Avenue III Blok F3 No. 5
Kelapa Gading - Jakarta Utara 14250                           Kelapa Gading - Jakarta Utara 14250
Telp.: 021-29745222                                           Telp.: 021-29745222
Fax: 021-29289961                                             Fax: 021-29289961
E-mail: opr@adimitra-jk.co.id                                 E-mail: opr@adimitra-jk.co.id




Bursa                                                         Stock Exchange

PT Bursa Efek Indonesia                                       PT Bursa Efek Indonesia

Indonesia Stock Exchange Building, Tower I, 6th Floor         Indonesia Stock Exchange Building, Tower I, 6th Floor
Jl. Jend. Sudirman Kav. 52 - 53                               Jl. Jend. Sudirman Kav. 52 - 53
Jakarta 12190, Indonesia                                      Jakarta 12190, Indonesia
Telp.: 021-5150515                                            Telp.: 021-5150515
Fax: 021-5150330                                              Fax: 021-5150330
E-mail: callcenter@idx.co.id                                  E-mail: callcenter@idx.co.id
Situs Web: www.idx.co.id                                      Website: www.idx.co.id




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Highlights Performance   Management Report   Company Profile         Management Discussion and Analysis




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                                                   ANALISIS DAN
                                                   PEMBAHASAN
                                                   MANAJEMEN
                                                   MANAGEMENT DISCUSSION
                                                   AND ANALYSIS




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Ikhtisar Kinerja                 Laporan Manajemen              Profil Perusahaan                 Analisis dan Pembahasan Manajemen
Highlights Performance           Management Report              Company Profile                   Management Discussion and Analysis




Tinjauan Ekonomi dan Industri
Economic and Industry Overview




Tahun 2025 menjadi periode dinamis bagi perekonomian           The year 2025 was a dynamic period for the global
global yang ditandai oleh pergeseran kebijakan moneter         economy, marked by shifts in key monetary policies
utama dan perubahan struktur perdagangan internasional.        and changes in the structure of international trade.
Setelah beberapa tahun menghadapi tekanan inflasi              After several years of facing post-pandemic inflationary
pasca-pandemi dan ketegangan geopolitik, banyak                pressures and geopolitical tensions, many countries
negara mulai menyesuaikan kebijakan suku bunga untuk           were beginning to adjust their interest rate policies to
menjaga stabilitas tanpa menghambat pertumbuhan.               maintain stability without hindering growth. The United
Amerika Serikat dan Uni Eropa cenderung mengarah               States and the European Union were leaning toward
pada fase normalisasi kebijakan menurunkan suku                policy normalization, gradually lowering interest rates
bunga secara bertahap untuk mendorong investasi dan            to encourage investment and consumption, while China
konsumsi, sementara Tiongkok fokus memperkuat sektor           focused on strengthening its domestic sector through
domestik melalui stimulus fiskal dan peningkatan daya beli     fiscal stimulus and increasing people's purchasing power.
masyarakat. Pemulihan harga komoditas juga memberikan          The recovery in commodity prices also provided a boost
dorongan bagi negara berkembang, khususnya yang                to developing countries, especially those with a base of
memiliki basis ekspor sumber daya alam.                        natural resource exports.

Di sisi lain, tantangan global tetap signifikan. Ketegangan    On the other hand, global challenges remained significant.
geopolitik di Timur Tengah dan perubahan iklim yang            Geopolitical tensions in the Middle East and increasingly
semakin nyata menyebabkan fluktuasi pada harga energi          apparent climate change caused fluctuations in energy
dan pangan. Perkembangan teknologi seperti kecerdasan          and food prices. Technological developments such
buatan (AI) dan otomasi industri mengubah peta pasar           as artificial intelligence (AI) and industrial automation
tenaga kerja global, menciptakan peluang efisiensi baru        changed the global labor market landscape, creating new
namun juga meningkatkan kesenjangan antarnegara.               opportunities for efficiency but also increasing disparities
Dalam konteks perdagangan, upaya deglobalisasi dan tren        between countries. In the context of trade, deglobalization
reshoring industri di negara maju turut menekan rantai         efforts and the trend of industrial reshoring in developed
pasok internasional, memaksa negara-negara berkembang          countries have been putting pressure on international
menyesuaikan strategi ekspornya agar lebih berorientasi        supply chains, forcing developing countries to adjust their
pada nilai tambah.                                             export strategies to be more value-added oriented.

Bagi Indonesia, tahun 2025 menjadi masa transisi menuju        For Indonesia, 2025 was a period of transition towards
keseimbangan ekonomi pasca periode pemulihan dan               economic balance after a period of recovery and intensive
digitalisasi intensif. Pertumbuhan tetap solid di kisaran 5%   digitalization. Growth remained solid at around 5%, driven
didorong oleh konsumsi domestik, investasi infrastruktur       by domestic consumption, green infrastructure investment,
hijau, dan peningkatan nilai ekspor hasil tambang serta        and increased export value of mining and manufacturing


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produk manufaktur. Stabilitas rupiah dan inflasi yang         products. The stability of the rupiah and controlled
terkendali memperkuat optimisme, meskipun risiko              inflation reinforce optimism, although external risks such
eksternal seperti fluktuasi harga minyak dan volatilitas      as oil price fluctuations and global market volatility still
pasar global masih perlu diwaspadai. Transformasi             needed to be watched. Economic transformation based
ekonomi berbasis hilirisasi sumber daya dan keberlanjutan     on resource downstreaming and sustainability became the
menjadi strategi utama pemerintah untuk menjaga daya          government's main strategy to maintain competitiveness
saing di tengah perubahan tatanan ekonomi global yang         amid a global economic order that is increasingly
semakin terdesentralisasi dan berbasis teknologi.             decentralized and technology-based.

Tahun 2025 juga menghadirkan tantangan berlapis bagi          The year 2025 also presented multiple challenges for
industri maritim Indonesia, terutama pada segmen angkutan     Indonesia's maritime industry, especially in the bulk
curah yang rentan terhadap tekanan eksternal dan internal.    transport segment, which is vulnerable to external and
Pajak berlapis seperti PBBKB 10% ditambah PPN 11% pada        internal pressures. Multiple taxes, such as a 10% PBBKB
BBM kapal meningkatkan biaya operasional hingga 30%,          (tax on goods and services) plus an 11% PPN (value added
membuat pelayaran nasional kalah saing dengan kapal           tax) on ship fuel, have increased operating costs by up
asing yang lebih murah. Selain itu, biaya pembangunan         to 30%, making national shipping less competitive than
kapal domestik melonjak akibat ketergantungan impor           cheaper foreign ships. In addition, domestic shipbuilding
komponen tanpa insentif pajak, sementara over kapasitas       costs have skyrocketed due to dependence on imported
armada dan fluktuasi harga komoditas seperti batu bara        components without tax incentives, while fleet overcapacity
serta nikel menekan margin keuntungan operator.               and fluctuations in commodity prices, such as coal and
                                                              nickel, have been squeezing operators' profit margins.

Selain itu, infrastruktur pelabuhan yang usang, sedimentasi   Furthermore,       outdated     port infrastructure, high
tinggi, dan yard occupation ratio di atas 65% menyebabkan     sedimentation, and a yard occupation ratio above 65%
dwelling time mencapai 3–5 hari, menghambat efisiensi         caused dwelling time to reach 3–5 days, hampering the
bongkar muat curah kering dan cair. Regulasi ketat            efficiency of dry and liquid bulk loading and unloading.
seperti IMSBC Code untuk kargo padat masih kekurangan         Strict regulations such as the IMSBC Code for solid cargo
tenaga ahli bersertifikat, ditambah birokrasi perizinan       still lacked certified experts, compounded by complicated
rumit serta risiko geopolitik global yang memburukkan         licensing bureaucracy and global geopolitical risks that
outlook pelayaran.                                            worsened the shipping outlook.

Tahun 2025 mencatat perkembangan positif angkutan             The year 2025 saw positive developments in bulk
curah di Indonesia, didorong oleh kebijakan hilirisasi        transportation   in   Indonesia,   driven   by     mineral
mineral dan peningkatan ekspor komoditas utama seperti        downstreaming policies and increased exports of key
batu bara, nikel, serta minyak sawit. Volume kargo curah      commodities such as coal, nickel, and palm oil. Liquid bulk
cair naik 4,8% menjadi 22,25 juta ton hingga triwulan III,    cargo volume rose 4.8% to 22.25 million tons by the third
sementara curah kering tumbuh 1,2% pada semester I,           quarter, while dry bulk grew 1.2% in the first half of the
didukung armada tug and barge yang ekspansif dan              year, supported by an expansive tug and barge fleet and
permintaan energi regional.                                   regional energy demand.

Sementara itu, kinerja ekspor Indonesia tahun 2025            Meanwhile, Indonesia's export performance in 2025
tumbuh cukup solid sekitar 8%–10% yang didorong               has steadily grown by around 8%–10%, driven by
oleh komoditas utama seperti minyak sawit, batu bara,         key commodities such as palm oil, coal, nickel, and
nikel, dan produk hilirisasi mineral yang mendominasi         mineral downstream products, which dominate 60%
60% total ekspor. Pasar tujuan utama seperti Tiongkok,        of total exports. Major destination markets such as
India, dan Pakistan menyerap volume besar, dengan             China, India, and Pakistan absorbed large volumes,
nilai ekspor mencapai proyeksi US$300 miliar, berkat          with export values reaching a projected US$300 billion,
kebijakan hilirisasi yang meningkatkan nilai tambah dan       thanks to downstreaming policies that increased added
ketahanan terhadap fluktuasi harga global. Kontribusi         value and resilience to global price fluctuations. This
ini memperkuat neraca perdagangan surplus, meski              contribution strengthened the trade surplus, although
tantangan seperti proteksionisme perdagangan global           challenges such as global trade protectionism slightly
sedikit menekan momentum.                                     dampened momentum.

Industri maritim menjadi tulang punggung logistik ekspor      The maritime industry is the backbone of this export
ini, dengan angkutan curah menangani 70% volume               logistics, with bulk transport handling 70% of goods
barang keluar melalui pelabuhan. Armada tug and barge         leaving through ports. The tug and barge fleet supported
mendukung konektivitas antar-pulau untuk batu bara            inter-island connectivity for coal and nickel, while the
serta nikel, sementara event Indonesia Maritime Week          Indonesia Maritime Week event accelerated infrastructure
mempercepat investasi infrastruktur untuk efisiensi rantai    investment for supply chain efficiency. This synergy
pasok. Sinergi ini tidak hanya memangkas biaya logistik       not only cut logistics costs by up to 12.5% but has also
hingga 12,5% tapi juga posisikan Indonesia sebagai hub        positioned Indonesia as a regional maritime hub.
maritim regional.




Laporan Tahunan Annual Report 2025                                                                                     91
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Ikhtisar Kinerja                Laporan Manajemen              Profil Perusahaan                   Analisis dan Pembahasan Manajemen
Highlights Performance          Management Report              Company Profile                     Management Discussion and Analysis




Tinjauan Operasi per Segmen Usaha
Review of Operations by Business Segment


Kegiatan usaha Perseroan dalam bidang jasa pelayaran          The Company's business activities in the field of river
transportasi sungai dan laut terbagi menjadi 2 (dua)          and sea transportation services are divided into two main
segmen utama, yaitu segmen pelayaran yang dilakukan           segments, namely shipping services provided directly by
langsung oleh Perseroan dan segmen bongkar muat yang          the Company and loading and unloading services provided
dilakukan oleh perusahaan entitas anak.                       by its subsidiaries.

Pengelompokan segmen usaha ini telah disusun sesuai           This business segment classification has been prepared
dengan Pernyataan Standar Akuntansi Keuangan (PSAK).          in accordance with the Indonesian Financial Accounting
                                                              Standards (PSAK).

Segmen Pelayaran                                              Shipping Segment

Segmen pelayaran menyediakan jasa transportasi sungai         The shipping segment provides river and sea transportation
dan laut untuk komoditas curah seperti batu bara, gypsum,     services for bulk commodities such as coal, gypsum, and
dan batu split, menggunakan armada 22 kapal tunda             split stone, using a fleet of 22 tugboats, 22 barges, and 1 set
(tugboat), 22 unit tongkang (barge), dan 1 set kapal tanker   of CPO tanker ships for domestic and Asian routes. The core
CPO untuk rute domestik dan Asia. Layanan inti yang           services provided include transportation from the loading
diberikan mencakup pengangkutan dari pelabuhan loading        port to the unloading port with operational excellence,
ke unloading dengan standar operation excellence, aman,       safety, and punctuality standards, plus a distribution
dan tepat waktu, ditambah pusat distribusi, konsolidasi       center, goods consolidation, and towing services.
barang, serta jasa penundaan kapal (towing services).

Pada 2025, Perseroan melakukan ekspansi dengan                In 2025, the Company expanded by adding 4 sets of
menambah armada sebanyak 4 set tugboat dan tongkang           tugboats and barges to its fleet to support the achievement
untuk mendukung pencapaian target volume 9,1 juta MT          of the 9.1 million MT volume target while continuing to
dengan tetap mengedepankan efisiensi logistik nasional.       prioritize national logistics efficiency.

Melalui pengembangan berkelanjutan ini, Perseroan             Through this sustainable development, the Company
memastikan      dapat   memberikan  layanan   yang            has ensured that it can provide optimal services
optimal sekaligus meningkatkan daya saing di pasar            while increasing competitiveness in the commodity
transportasi komoditas.                                       transportation market.

Kinerja Segmen Pelayaran                                      Shipping Segment Performance
Pada tahun 2025, segmen pelayaran mencatatkan                 In 2025, the shipping segment recorded a net revenue
pendapatan neto Rp851,85 miliar, menurun 13,45% dari          of Rp851.85 billion, a decrease of 13.45% from the
tahun sebelumnya sebesar Rp984,24 miliar. Namun               previous year's Rp984.24 billion. However, the Company's
demikian, pendapatan yang diperoleh Perseroan dari            revenue      from   third-party   transportation  actually
pengangkutan pihak ketiga justru mengalami peningkatan,       increased from Rp324.67 billion in 2024 to Rp355.20
dari Rp324,67 miliar pada tahun 2024 menjadi                  billion in 2025. This shows that the services provided by
Rp355,20 miliar pada tahun 2025. Hal ini menunjukkan          the Company are increasingly accepted by third parties.
layanan yang diberikan Perseroan semakin diterima oleh
pihak ketiga.

Laba usaha dari segmen pelayaran untuk tahun 2025             Operating profit from the shipping segment for 2025
adalah     Rp109,29    miliar dibandingkan    dengan          is Rp109.29 billion compared to Rp132.55 billion
Rp132,55 miliar pada tahun 2024, mengalami penurunan          in 2024, a decrease of approximately 17.55%.
sekitar 17,55%.

Hal ini disebabkan oleh meningkatnya biaya bahan bakar        This was due to higher fuel costs, fleet maintenance,
yang lebih tinggi, pemeliharaan armada, dan tantangan         and other logistical challenges that contributed to
logistik lainnya yang berkontribusi pada peningkatan biaya.   increased costs.

Segmen Bongkar Muat                                           Loading and Unloading Segment

Segmen bongkar muat merupakan segmen bisnis                   The loading and unloading segment is the Company's
Perseroan yang dijalankan melalui entitas anak Perseroan,     business segment that is carried out through the Company's
PT Hasnur Resources Terminal. Perseroan mengoperasikan        subsidiary, PT Hasnur Resources Terminal. The Company
pelabuhan bongkar muat yang berlokasi di Sungai Puting,       operates a loading and unloading port located in Sungai
Kalimantan Selatan. Segmen ini memainkan peran penting        Puting, South Kalimantan. This segment plays an important

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dalam mendukung kelancaran distribusi komoditas, serta        role in supporting the smooth distribution of commodities
memperkuat rantai logistik dari hulu ke hilir di wilayah      and strengthening the upstream to downstream logistics
operasional Perseroan.                                        chain in the Company's operational area.

Kinerja Segmen Bongkar Muat                                   Loading and Unloading Segment Performance
Pada tahun 2025, segmen bongkar muat membukukan               In 2025, the loading and unloading segment recorded
penurunan kinerja. Volume bongkar muat yang dilayani          a decline in performance. The loading and unloading
Perseroan menurun 20,87% menjadi 11,92 juta MT dari           volume served by the Company decreased by 20.87% to
15,06 juta MT di tahun 2024. Sehingga pendapatan neto         11.92 million MT from 15.06 million MT in 2024. As a result,
yang dibukukan Perseroan juga menurun 20,61% menjadi          the Company's net income also decreased by 20.61% to
Rp22,43 miliar dari Rp27,06 miliar di tahun 2024.             Rp22.43 billion from Rp27.06 billion in 2024.

Laba usaha yang dibukukan segmen ini meningkat 22,87%         The operating income recorded by this segment
menjadi Rp13,78 miliar pada 2025, dibandingkan dengan         increased by 22.87% to Rp13.78 billion in 2025, compared
Rp11,22 miliar pada 2024, karena dilakukannya efisiensi       to Rp11.22 billion in 2024, due to efficiency and cost
dan kontrol biaya.                                            control measures.

Sepanjang tahun 2025, segmen bongkar muat menghadapi          Throughout 2025, the loading and unloading segment
sejumlah    tantangan     operasional,    terutama    yang    faced a number of operational challenges, mainly
dipengaruhi oleh faktor eksternal. Kondisi cuaca yang tidak   influenced by external factors. Unpredictable weather
menentu berdampak pada fluktuasi pasang surut sungai          conditions affected river tides and limited access to
serta keterbatasan akses jalan menuju lokasi operasional,     operational locations, especially during periods of high
khususnya pada saat curah hujan tinggi. Dinamika tersebut     rainfall. These dynamics also affected the smooth running
turut memengaruhi kelancaran aktivitas bongkar muat dan       of loading and unloading activities and fleet scheduling.
penjadwalan armada. Selain itu, pergerakan harga batu         In addition, coal price movements throughout 2025
bara sepanjang tahun 2025 juga memberikan tekanan             also put pressure on the volume and pattern
tersendiri terhadap volume dan pola permintaan jasa           of demand for loading and unloading services.
bongkar muat.

Menyikapi tantangan tersebut, Perseroan menerapkan            In response to these challenges, the Company
sejumlah langkah strategis untuk menjaga keberlanjutan        implemented a number of strategic measures to maintain
kinerja segmen ini. Salah satu fokus utama adalah             the sustainability of this segment's performance. One of
perluasan pasar melalui penguatan relasi dengan para          the main focuses was market expansion by strengthening
shipper eksisting serta menjalin kerja sama dengan shipper    relationships with existing shippers and establishing
baru yang memiliki potensi pertumbuhan jangka panjang.        cooperation with new shippers with long-term growth
Upaya ini dilakukan untuk menjaga stabilitas volume           potential. These efforts are being made to maintain cargo
muatan sekaligus memperluas basis pelanggan.                  volume stability while expanding the customer base.

Di sisi operasional, Perseroan secara berkelanjutan           On the operational side, the Company is continuously
melakukan perbaikan dan peningkatan fasilitas bongkar         improving and upgrading its loading and unloading
muat melalui berbagai program improvement, baik               facilities through various improvement programs, including
berbasis mekanikal, elektrikal, maupun penerapan              mechanical, electrical, and digitalization initiatives. These
digitalisasi. Inisiatif ini diarahkan untuk meningkatkan      initiatives are aimed at improving the operational efficiency
efisiensi operasional armada, mengoptimalkan waktu            of the fleet, optimizing service time, and supporting
pelayanan, serta mendukung keandalan dan keselamatan          operational reliability and safety. Through a combination
operasional. Melalui kombinasi strategi pasar dan             of market strategies and operational strengthening, the
penguatan operasional tersebut, Perseroan optimistis          Company is optimistic that the loading and unloading
segmen bongkar muat dapat terus memberikan kontribusi         segment can continue to make a positive contribution on
positif secara berkelanjutan.                                 an ongoing basis.




Tinjauan Keuangan
Financial Review


Analisis dan pembahasan kinerja keuangan Laporan              The analysis and discussion of financial performance in the
Tahunan 2025 merujuk kepada Laporan Keuangan                  2025 Annual Report refer to the Company's Consolidated
Konsolidasian Perseroan untuk tahun 31 Desember 2025          Financial Statements for the years ended 31 December 2025
dan 31 Desember 2024 yang telah diaudit oleh Fendri           and 31 December 2024, which have been audited by Fendri
Sutejo dengan penanggung jawab Mirawati Sensi Idris           Sutejo with Mirawati Sensi Idris as the person in charge

Laporan Tahunan Annual Report 2025                                                                                      93
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Ikhtisar Kinerja                Laporan Manajemen                Profil Perusahaan                     Analisis dan Pembahasan Manajemen
Highlights Performance          Management Report                Company Profile                       Management Discussion and Analysis




dalam laporannya tertanggal 11 Februari 2026 dengan opini       in the report dated 11 February 2026 with an unqualified
wajar dalam semua hal yang material, posisi keuangan            opinion on all material respects, the consolidated financial
konsolidasian Grup tanggal 31 Desember 2025, serta kinerja      position of the Group as of 31 December 2025, as well as
keuangan konsolidasian dan arus kas konsolidasiannya            its consolidated financial performance and consolidated
untuk tahun yang berakhir pada tanggal tersebut, sesuai         cash flows for the year then ended, in accordance with
dengan Standar Akuntansi Keuangan di Indonesia.                 Financial Accounting Standards in Indonesia.

Penyajian dan pengungkapan Laporan Keuangan                     The presentation and disclosure of the Company's
Konsolidasian Perseroan ini disusun berdasarkan                 Consolidated Financial Statements are prepared in
Standar Akuntansi Keuangan (SAK) yang berlaku di                accordance with the Financial Accounting Standards
Indonesia, terdiri dari Pernyataan Standar Akuntansi            (SAK) applicable in Indonesia, consisting of the Financial
Keuangan (PSAK) dan Interpretasi Standar Akuntansi              Accounting Standards Statements (PSAK) and Financial
Keuangan (ISAK) yang dikeluarkan oleh Dewan Standar             Accounting Standards Interpretations (ISAK) issued by the
Akuntansi Keuangan Ikatan Akuntan Indonesia.                    Financial Accounting Standards Board of the Indonesian
                                                                Institute of Accountants.




Posisi Keuangan Konsolidasian
Consolidated Financial Position


Posisi keuangan Perseroan pada tahun 2025, menunjukkan          The Company's financial position in 2025 shows a fairly
peningkatan yang cukup baik. Total aset yang dibukukan          good improvement. The Company's total assets increased
Perseroan meningkat 27,91% menjadi Rp1.534,44 miliar            by 27.91% to Rp1,534.44 billion and equity increased by
dan ekuitas meningkat 10,02% menjadi Rp838,86 miliar.           10.02% to Rp838.86 billion. However, the Company's
Kendati demikian, liabilitas Perseroan juga naik 59,12%         liabilities also increased by 59.12% to Rp695.58 billion
menjadi Rp695,58 miliar.

Aset                                                            Assets
 dalam juta Rupiah, kecuali dinyatakan lain						                                            in millions Rupiah, unless stated otherwise

                                                                                                  Peningkatan/penurunan
                                                                                                    Increase/decrease
 Uraian                             2025            Proporsi     2024           Proporsi
                                                                                                 Rp                        %

 Aset lancar                      345.930           22,54%     375.000           31,26%       (29.070)                   (7,75)

 Aset tidak lancar                1.188.509          77,46%    824.585           68,74%       363.925                    44,13

 Total Aset                      1.534.439          100,00%    1.199.585        100,00%      334.854                     27,91


Total aset Perseroan pada akhir tahun 2025 tercatat sebesar     The Company's total assets at the end of 2025
Rp1.534,44 miliar, meningkat sebesar Rp334,85 miliar            were recorded at Rp1,534.44 billion, an increase of
atau 27,91% dibandingkan dengan akhir tahun 2024 yang           Rp334.85 billion or 27.91% compared to the end of 2024,
tercatat sebesar Rp1.199,58 miliar.                             which was recorded at Rp1,199.58 billion.

Komposisi aset Perseroan pada tahun 2025 sebagian               The composition of the Company's assets in 2025
besar terdiri dari aset tidak lancar, yang berkontribusi        consisted mostly of non-current assets, which contributed
sebesar 77,46% terhadap total aset, sementara sisanya           77.46%to total assets, while the rest were current assets,
berupa aset lancar, yang menyumbang 22,54%. Komposisi           which contributed 22.54%. The composition of the
aset Perseroan mengalami peningkatan yang disebabkan            Company's assets increased due to penambahan 4 sets
oleh penambahan 4 set armada kapal di tahun 2025.               of ships in 2025.




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Komposisi Total Aset
Total Asset Composition


                                            22,54%

                                                                                                                                              31,26%


                                                                                                  68,74%

                               2025                                                                                   2024

            77,46%
                                                            Aset Lancar | Current Assets

                                                            Aset Tidak Lancar | Non-Current Assets




Aset Lancar                                                                    Current Assets
 dalam juta Rupiah, kecuali dinyatakan lain						                                                                     in millions Rupiah, unless stated otherwise

                                                                                      Peningkatan/penurunan
                                                                                        Increase/decrease
 Keterangan                             2025                  2024                                                                                  Description
                                                                                      Rp                      %

 Aset                                                                                                                                                    Assets

 Aset Lancar                                                                                                                                    Current Assets

 Kas dan Bank                         122.845                164.738               (41.893)                (25,43)                              Cash and Bank

 Piutang Usaha                                                                                                                              Trade Receivables

 • Pihak Ketiga                         95.757               100.665                (4.908)                  (4,88)                             Third parties •

 • Pihak-Pihak Berelasi                78.088                 81.739                 (3.651)                 (4,47)                           Related parties •

 Piutang dari pihak-pihak berelasi         573                         -                   573              100,00           Receivables from Related Parties

 Piutang Lain-Lain (Pihak Ketiga)       2.204                  2.626                  (422)                 (16,07)         Other receivables (Third parties)

 Persediaan                             12.155                 9.279                  2.876                  31,00                                  Inventories

 Uang Muka Operasional                  11.887                10.294                  1.593                  15,48          Advance payments for operations

 Beban dibayar di Muka                  4.308                  3.730                       578               15,48                                Prepayments

 Pajak dibayar di muka                   18.113                1.929                 16.184                 838,77                                  Prepaid tax

 Jumlah Aset Lancar                   345.930               375.000               (29.070)                   (7,75)                      Total Current Assets


Aset lancar Perseroan pada tahun 2025 tercatat sebesar                         The Company's current assets in 2025 were recorded at
Rp345,93 miliar, menurun 7,75% dari tahun sebelumnya                           Rp345.93 billion, a decrease of 7.75% from the previous
sebesar Rp375,00 miliar. Hal tersebut disebabkan                               year's Rp375.00 billion. This was due to a decrease in cash
penurunan Saldo kas dan bank dari Rp164,74 miliar                              and bank balances from Rp164.74 billion to Rp122.85 billion
menjadi Rp122,85 miliar atas investasi 4 set armada kapal                      due to the investment in 4 sets of ships in 2025.
di tahun 2025.

Aset Tidak Lancar                                                              Non-Current Assets
 dalam juta Rupiah, kecuali dinyatakan lain						                                                                     in millions Rupiah, unless stated otherwise

                                                                                      Peningkatan/penurunan
                                                                                        Increase/decrease
 Keterangan                              2025                 2024                                                                                  Description
                                                                                      Rp                     %

 Aset Tidak Lancar                                                                                                                          Aset Tidak Lancar

 Estimasi tagihan pengembalian                                                                                                 Estimated claim for tax refund
                                         2.478                         -             2.478                 100,00
 pajak

 Uang muka pembelian aset tetap          19.412               73.747              (54.335)                 (73,68)          Uang muka pembelian aset tetap

 Aset Tetap - Neto                   1.098.040               645.755              452.285                   70,04                            Aset Tetap - Neto

 Aset Tak Berwujud                       1.032                         -              1.032                100,00                           Aset Tak Berwujud

 Aset hak guna                          21.260                42.641               (21.381)                (50,14)                               Aset hak guna

 Beban docking ditangguhkan             45.985                62.128               (16.143)                (25,98)              Beban docking ditangguhkan

 Aset pajak tangguhan                      302                   313                       (11)             (3,60)                      Aset pajak tangguhan

 Jumlah Aset Tidak Lancar             1.188.509             824.585               363.925                   44,13                  Jumlah Aset Tidak Lancar


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Highlights Performance                  Management Report                           Company Profile                                   Management Discussion and Analysis




Jumlah aset tidak lancar Perseroan pada tahun 2025                                 The Company's non-current assets in 2025 were
tercatat sebesar Rp1.188,51 miliar, meningkat 44,13%                               recorded at Rp1,188.51 billion, an increase of 44.13%
dari Rp824,58 miliar pada tahun 2024. Peningkatan                                  from Rp824.58 billion in 2024. This increase
tersebut utamanya disebabkan adanya penambahan 4 set                               was mainly due to the addition of 4 sets of ships.
armada kapal.

Liabilitas                                                                         Liabilitas
 dalam juta Rupiah, kecuali dinyatakan lain						                                                                           in millions Rupiah, unless stated otherwise

                                                                                                                                    Peningkatan/penurunan
                                                                                                                                      Increase/decrease
 Uraian                                 2025                   Proporsi               2024                Proporsi
                                                                                                                                    Rp                     %

 Liabilitas Jangka Pendek
                                       232.088                  33,37%              202.986                    46,44%             29.102                  14,34
 Current Liabilities

 Liabilitas Jangka Panjang
                                       463.493                  66,63%               234.149                   53,56%           229.344                   97,95
 Non-Current Liabilities

 Total Liabilitas                      695.581                 100,00%               437.134              100,00%               258.446                   59,12


Total liabilitas Perseroan per 31 Desember 2025 mencapai                           The Company's total liabilities as of 31 December 2025
Rp695,58 miliar, meningkat sebesar Rp258,45 miliar atau                            reached Rp695.58 billion, an increase of Rp258.45 billion
59,12% dibandingkan dengan akhir tahun 2024 yang                                   or 59.12% compared to the end of 2024, which was
tercatat sebesar Rp437,13 miliar.                                                  recorded at Rp437.13 billion.

Komposisi liabilitas Perseroan pada tahun 2025 didominasi                          The composition of the Company's liabilities in 2025 was
oleh liabilitas jangka panjang, yang menyumbang 66,63%                             dominated by non-current liabilities, which contributed
dari total liabilitas, sementara sisanya merupakan liabilitas                      66.63% of total liabilities, while the remainder was current
jangka pendek sebesar 33,37%. Hal ini berbeda dengan                               liabilities of 33.37%. This is different from 2024, where
tahun 2024, di mana liabilitas jangka panjang menyumbang                           non-current liabilities accounted for 53.56% of total
53,56% dari total liabilitas, menunjukkan liabilitas jangka                        liabilities, indicating that non-current liabilities provided a
panjang memberikan distribusi lebih besar dibandingkan                             greater distribution compared to current liabilities at the
dengan liabilitas jangka pendek per akhir tahun 2025.                              end of 2025.

Komposisi Total Liabilitas
Total Liabilities Composition




                                                      33,37%


                              2025                                                                   53,56%
                                                                                                                            2024                      46,44%




            66,63%

                                                         Liabilitas Jangka Pendek | Current Liabilities

                                                         Liabilitas Jangka Panjang | Non-Current Liabilities



Liabilitas Jangka Pendek                                                           Current Liabilities

 dalam juta Rupiah, kecuali dinyatakan lain						                                                                           in millions Rupiah, unless stated otherwise

                                                                                          Peningkatan/penurunan
                                                                                            Increase/decrease
 Keterangan                                2025                    2024                                                                                   Description
                                                                                          Rp                      %

 Utang Usaha                                                                                                                                         Trade payables

 - Pihak Berelasi                           1.836                  1.539                   297                   19,28                              Related parties -

 - Pihak Ketiga                           98.953                  95.664                 3.289                    3,44                                 Third parties -

 Utang lain-lain                                 11                   19                     (8)                (43,62)                               Other payables

 Liabilitas yang masih harus dibayar      34.702                  34.351                     351                   1,02                            Accrued liabilities

 Utang Pajak                                7.184                  5.592                  1.592                  28,46                                 Taxes payable

 Utang kepada pihak-pihak berelasi             768                        -                768                  100,00                        Due to related parties


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 dalam juta Rupiah, kecuali dinyatakan lain						                                                                   in millions Rupiah, unless stated otherwise

                                                                                     Peningkatan/penurunan
                                                                                       Increase/decrease
 Keterangan                                    2025                2024                                                                           Description
                                                                                     Rp                 %

 Bagian liabilitas jangka panjang yang jatuh tempo dalam 1 tahun                                                  Current maturities of long-term liabilities

 - Pinjaman bank                               80.189             54.930            25.259             45,98                                     Bank loans -

 - Liabilitas sewa                              8.444              10.890          (2.446)            (22,46)                               Lease liabilities -

 Jumlah Liabilitas Jangka Pendek             232.088            202.986             29.102             14,34                         Total Current Liabilities


Jumlah liabilitas jangka pendek pada tahun 2025 adalah                           The amount of current liabilities in 2025 was
sebesar Rp232,09 miliar, meningkat 14,34% dari tahun                             Rp232.09 billion, an increase of 14.34% from the previous
sebelumnya sebesar Rp202,99 miliar. Peningkatan                                  year's Rp202.99 billion. The increase was mainly due
tersebut utamanya disebabkan meningkatnya pinjaman                               to an increase in short-term bank loans, which are the
bank jangka pendek yang merupakan porsi pembayaran                               portion of long-term liabilities of current maturities.
utang bank yang jatuh tempo dalam setahun.

Liabilitas jangka panjang                                                        Non-Current Liabilities

 dalam juta Rupiah, kecuali dinyatakan lain						                                                                   in millions Rupiah, unless stated otherwise

                                                                                     Peningkatan/penurunan
                                                                                       Increase/decrease
 Keterangan                                     2025               2024                                                                           Description
                                                                                     Rp                 %

 Pinjaman bank Jangka Panjang - Setelah Dikurangi Bagian Jatuh Tempo                                        Long-term liabilities - net of current maturities
 dalam Waktu 1 Tahun

 - Pinjaman bank                              439.332            192.624            246.708           128,08                                     Bank loans -

 - Liabilitas sewa                              15.765             34.139           (18.374)          (53,82)                               Lease liabilities -

 - Liabilitas Imbalan Kerja Karyawan             8.396              7.386              1.010            13,68                   Employee benefit liabilities-

 Total Liabilitas Jangka Panjang              463.493           234.149            229.344             97,95                  Total Non-Current Liabilities


Tahun 2025, jumlah liabilitas jangka panjang meningkat                           In 2025, non-current liabilities Increased by 97.95%
sebesar 97,95% menjadi Rp463,49 miliar, dari sebesar                             to Rp463.49 billion, from Rp234.15 billion in 2024.
Rp234,15 miliar pada tahun 2024. Faktor utama yang                               The main factors affecting this growth included
memengaruhi pertumbuhan tersebut antara lain adanya                              the addition of financing facilities from banks.
penambahan fasilitas pembiayaan dari bank.

Ekuitas                                                                          Equity
 dalam juta Rupiah, kecuali dinyatakan lain						                                                                   in millions Rupiah, unless stated otherwise

                                                                                                                       Peningkatan/penurunan
 Keterangan                                                                                                              Increase/decrease
                                                                    2025                     2024
 Description
                                                                                                                     Rp                          %

 Ekuitas Equity

 Modal Ditempatkan dan Disetor Penuh
                                                                   262.625                262.625                         -                          -
 Issued and fully paid Capital

 Tambahan Modal Disetor Tambahan Modal Disetor
                                                                   106.962                106.962                         -                          -
 Additional paid-in capital

 Transaksi dengan kepentingan non-pengendali
                                                                        469                    469                        -                          -
 Transaction with non-controlling interest

 Proforma ekuitas dari transaksi restrukturisasi entitas sepengendali
 Pro forma equity from the restructuring transaction of the controlling entity

 Saldo Laba Retained earnings

 - Telah Ditentukan Penggunaannya Appropriated                      52.525                   52.525                       -                          -

 - Belum Ditentukan Penggunaannya Unappropriated                   356.738                310.319                  46.420                      14,96

 Total Ekuitas yang Dapat Diatribusikan kepada
 Total equity attributable to

 - Pemilik Entitas Induk the Owners of the Parent Entity            779.319               732.899                  46.420                       6,33

 - Kepentingan Non-Pengendali Non-controlling interest              59.540                   29.551                 29.989                    101,48

 Jumlah Ekuitas Total Equity                                       838.858                762.450                   76.408                     10,02

 Total Liabilitas dan Ekuitas Total Liabilities and Equity       1.534.439              1.199.585                 334.854                      27,91


Laporan Tahunan Annual Report 2025                                                                                                                           97
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Ikhtisar Kinerja                        Laporan Manajemen               Profil Perusahaan                          Analisis dan Pembahasan Manajemen
Highlights Performance                  Management Report               Company Profile                            Management Discussion and Analysis




Pada akhir tahun 2025, total ekuitas Perseroan mencapai                 At the end of 2025, the Company's total equity reached
Rp838,86 miliar, meningkat sebesar Rp76,41 miliar atau                  Rp838.86 billion, an increase of Rp76.41 billion or 10.02%
10,02% dibandingkan akhir tahun 2024 yang tercatat                      compared to the end of 2024, which was recorded
sebesar Rp762,45 miliar. Peningkatan ini didorong                       at Rp762.45 billion. This increase was driven by an
oleh kenaikan Saldo Laba (tidak dicadangkan) dari                       increase in retained earnings from Rp310.32 billion to
Rp310,32 miliar menjadi Rp356,74 miliar.                                Rp356.74 billion.




Laba (Rugi) dan Penghasilan Komprehensif Lain Konsolidasian
Consolidated Statements of Profit or Loss and Other Comprehensive Income


 dalam juta Rupiah, kecuali dinyatakan lain						                                                        in millions Rupiah, unless stated otherwise

                                                                           Peningkatan/penurunan
                                                                             Increase/decrease
 Keterangan                                  2025            2024                                                                      Description
                                                                            Rp                %

 PENJUALAN NETO                            880.578          1.018.112    (137.534)           (13,51)                              NET REVENUES

 Beban Pokok Penjualan                     663.879          775.577      (111.698)           (14,40)                            Cost of Revenues

 LABA BRUTO                                 216.699         242.535       (25.836)           (10,65)                              GROSS PROFIT

 Beban Usaha - Beban Umum                                                                                         Operating Expenses - General
                                            90.893            96.191       (5.298)            (5,51)
 dan Administrasi                                                                                                            and administrative

 LABA USAHA                                 125.806         146.344      (20.538)            (14,03)                        OPERATING INCOME

 - Pendapatan jasa keagenan (neto)             254              268           (14)            (4,96)                   Income agency services -

 - Pendapatan Bunga                           2.279           2.777         (498)            (17,93)                             Interest income -

 - Laba (Rugi) Selisih Kurs - Neto              597           4.272        (3.675)          (86,02)     Gain (loss) on foreign exchange - net -

 - Beban Bunga                             (27.326)         (17.708)       (9.618)            54,32                            Interest expense -

 - Lainnya (neto)                               (51)            497         (548)           (110,34)                        Miscellaneous - net -

 Jumlah Penghasilan (Beban) Lain-lain      (24.247)          (9.894)      (14.353)           145,06              Total Other Income (Expenses)

 LABA SEBELUM PAJAK PENGHASILAN             101.559         136.449       (34.891)           (25,57)            INCOME BEFORE TAX EXPENSE

 Beban Pajak                                 14.435           15.163        (728)             (4,80)                                Tax Expenses

 Final                                       10.222            11.811      (1.589)           (13,45)                                          Final

 Tidak final                                  3.394            3.142          252               8,01                                     Non Final

 Tahun sebelumnya - tidak final                 791                 -         791            100,00                          Prior year - non final

 Tangguhan                                       28             209          (181)          (86,53)                                       Deferred

 LABA TAHUN BERJALAN                         87.124         121.287       (34.163)           (28,17)                    INCOME FOR THE YEAR

 Jumlah Laba Komprehensif                    86.765          121.182      (34.417)          (28,40)                Total Comprehensive Income

 Laba Neto yang Dapat Diatribusikan                                                                        Income for The Year Attributable To:
 Kepada:

 - Pemilik Entitas Induk                     87.135         120.968      (33.834)            (27,97)                Owners of the parent entity-

 - Kepentingan Non-Pengendali                   (11)             318        (329)           (103,38)                   Non-controlling interest -

 Laba Komprehensif yang Dapat                                                                             Comprehensive Income For The Year
 Diatribusikan Kepada:                                                                                                       Attributable To:

 - Pemilik Entitas Induk                     86.777         120.863      (34.086)           (28,20)                Owners of the parent entity -

 - Kepentingan Non-Pengendali                   (12)             319         (331)          (103,63)                   Non-controlling interest -

 Laba per Saham yang Diatribusikan                                                                             Earning per Share Attributable to
                                              33,18           46,06           (13)           (27,96)
 Kepada Pemilik Entitas Induk                                                                                       Owners of the Parent Entity




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Tata Kelola Perusahaan               Laporan Keberlanjutan
Good Corporate Governance            Sustainability Report




Pendapatan Neto                                               Net Revenues

Tahun 2025, Perseroan mencatat pendapatan bersih              In 2025, the Company recorded net revenues of
sebesar Rp880,58 miliar, menurun Rp137,53 miliar atau         Rp880.58 billion, a decrease of Rp137.53 billion or
13,51% dibandingkan periode yang sama tahun 2024              13.51% compared to the same period in 2024 of
sebesar Rp1.018,11 miliar. Penurunan pendapatan neto ini      Rp1,018.11 billion. This decline in net income was mainly
terutama berasal dari penurunan volume cargo dan fluktuasi    due to a decrease in cargo volume and fluctuations in
harga pengangkutan.                                           transportation prices.

Beban Pokok Penjualan                                         Cost of Revenues

Beban pokok penjualan Perseroan pada tahun 2025 tercatat      The Company's cost of revenues in 2025 was recorded at
sebesar Rp663,88 miliar, menurun sebesar Rp111,70 miliar      Rp663.88 billion, a decrease of Rp111.70 billion or 14.40%
atau 14,40% dari tahun sebelumnya Rp775,58 miliar.            from the previous year's Rp775.58 billion. This decline was
Penurunan ini sejalan dengan penurunan volume cargo dan       in line with the decline in cargo volume and the increased
meningkatnya porsi penggunaan kapal milik sendiri.            use of the Company's own ships.

Laba Bruto                                                    Gross Profit

Laba bruto Perseroan pada tahun 2025 tercatat sebesar         The Company's gross profit in 2025 was recorded at
Rp216,70 miliar, mencerminkan penurunan sebesar 10,65%        Rp216.70 billion, reflecting a decrease of 10.65% compared
dibandingkan Rp242,53 miliar di tahun 2024. Hal ini terjadi   to Rp242.53 billion in 2024. This occurred due to a
karena penurunan volume cargo dan peningkatan biaya           decrease in cargo volume and an increase in fuel costs,
bahan bakar yang berkontribusi pada peningkatan biaya.        which contributed to higher costs.

Beban Usaha                                                   Operating Expenses

Selama tahun 2025, beban usaha Perseroan menurun 5,51%        During 2025, the Company's operating expenses
menjadi sebesar Rp90,89 miliar, dari Rp96,19 miliar pada      decreased by 5.51% to Rp90.89 billion, from Rp96.19 billion
tahun 2024. Hal ini sejalan dengan penurunan kegiatan         in 2024. This is in line with the decline in the Company's
operasi Perseroan.                                            operating activities.

Laba Usaha                                                    Operating Income

Laba usaha Perseroan pada tahun 2025 mencapai                 The Company's operating income in 2025 reached
Rp125,81 miliar, mencerminkan penurunan sebesar               Rp125.81 billion, reflecting a decrease of 14.03% compared
14,03% dibandingkan laba usaha tahun 2024 sebesar             to the 2024 operating income of Rp146.34 billion.
Rp146,34 miliar. Hal ini sejalan dengan penurunan kegiatan    This is in line with the decline in the Company's
operasi Perseroan.                                            operating activities.

Pendapatan (Beban) Lain-lain                                  Other Income (Expenses)

Pada tahun 2025, Perseroan mencatat beban lain-lain           In 2025, the Company recorded net other expenses
bersih sebesar Rp24,25 miliar, menurun dari Rp9,89 miliar     of Rp24.25 billion, down from Rp9.89 billion in
pada tahun 2024. Perubahan ini terutama disebabkan            2024. This change was mainly due to an increase in
oleh peningkatan beban bunga atas penambahan fasilitas        interest expenses on additional bank loan facilities.
pinjaman bank.

Beban Pajak                                                   Tax Expenses

Total beban pajak Perseroan pada tahun 2025 mencapai          The Company's total tax expenses in 2025 reached
minus Rp14,43 miliar, menurun sebesar 4,80%                   minus Rp14.43 billion, a decrease of 4.80% from
dari Rp15,16 miliar pada tahun 2024. Hal ini sejalan          Rp15.16 billion in 2024. This decline was driven by This
dengan penurunan pendapatan dan laba usaha yang               is in line with the decline in the Company's revenue and
diperoleh Perseroan.                                          operating income.

Laba Tahun Berjalan                                           Income for the Year

Laba tahun berjalan yang dicatat oleh Perseroan pada          The Income For The Year recorded by the Company
tahun 2025 mencapai Rp87,12 miliar, mengalami penurunan       in 2025 reached Rp87.12 billion, a decrease of 28.17%
sebesar 28,17% dibandingkan Rp121,29 miliar pada              compared to Rp121.29 billion in 2024. This decrease/



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Ikhtisar Kinerja                     Laporan Manajemen                  Profil Perusahaan                          Analisis dan Pembahasan Manajemen
Highlights Performance               Management Report                  Company Profile                            Management Discussion and Analysis




tahun 2024. Hal ini disebabkan oleh penurunan pendapatan               increase was mainly due to This was due to a decline in
dan laba usaha serta meningkatnya beban bunga atas                     revenue and operating income as well as an increase in
penambahan fasilitas pinjaman bank.                                    interest expenses on additional bank loan facilities.

Laba Komprehensif Tahun Berjalan                                       Comprehensive Income for the Year

Total laba komprehensif tahun berjalan yang dicatat oleh               The total comprehensive income for the year recorded by
Perseroan pada tahun 2025 mencapai Rp86,77 miliar,                     the Company in 2025 reached Rp86.77 billion, a decrease
mengalami penurunan sebesar 28,40% dibandingkan                        of 28.40% compared to Rp121.18 billion in 2024.
Rp121,18 miliar pada tahun 2024.

Laba per Saham Dasar/Dilusian                                          Basic/Diluted Earnings per Share

Sejalan dengan penurunan laba tahun berjalan Perseroan                 In line with the decline in the Company's income for
hingga tahun 2025, laba per saham dasar/dilusian juga                  the year to 2025, basic/diluted earnings per share also
menurun menjadi Rp33,18 dari Rp46,06 di tahun 2024.                    decreased to Rp33.18 from Rp46.06 in 2024.




Arus Kas Konsolidasian
Consolidated Statement of Cash Flows


 dalam juta Rupiah, kecuali dinyatakan lain						                                                        in millions Rupiah, unless stated otherwise

                                                                     Peningkatan/penurunan
                                                                       Increase/decrease
 Keterangan                           2025           2024                                                                              Description
                                                                       Rp               %

 Arus Kas dari Aktivitas Operasi      207.616            197.510      10.106                5,12           Cash Flows From Operating Activities

 Arus Kas dari Aktivitas Investasi   (501.879)     (293.470)       (208.409)            71,02               Cash Flows from Investing Activities

 Arus Kas dari Aktivitas Pendanaan    252.370        112.544        139.826            124,24              Cash Flows From Financing Activities

 Kenaikan Neto Kas dan Bank Net       (41.893)           16.584     (58.477)         (352,61)                    Net Increase of Cash and Bank

 Kas dan Bank Pada Awal Tahun         164.738            148.154      16.584                11,19   Cash and Bank At The Beginning of The Year

 Kas dan Bank Pada Akhir Tahun        122.845        164.738        (41.893)          (25,43)            Cash and Bank At The End of The Year


Manajemen arus kas telah menjadi fokus utama Perseroan,                Cash flow management has been a key focus for the
dengan manajemen piutang yang ketat dan belanja modal                  Company, with strict accounts receivable management
yang disiplin untuk memastikan posisi kas yang positif.                and disciplined capital expenditure to ensure a positive
Perseroan secara strategis mengalokasikan cadangan                     cash position. The Company strategically allocates cash
kas untuk investasi jangka panjang, seperti akuisisi kapal             reserves for long-term investments, such as the acquisition
baru dan pengembangan fasilitas pemuatan terapung                      of new vessels and the development of floating loading
untuk transshipment batu bara, sebuah upaya diversifikasi              facilities for coal transshipment, a diversification effort
melalui usaha patungan dengan PT Multi Guna Maritim.                   through a joint venture with PT Multi Guna Maritim.

Kas dan Saldo Bank                                                     Cash and Bank

Jumlah kas dan saldo bank Perseroan pada akhir                         The Company's cash and bank at the end of 2025 were
tahun 2025 tercatat sebesar Rp122,85 miliar, menurun                   recorded at Rp122.85 billion, a decrease compared to the
dibandingkan dengan akhir tahun 2024 sebesar                           end of 2024 of Rp164.74 billion. This decline was mainly
Rp164,74 miliar. Penurunan ini terutama disebabkan oleh                due to investments in the addition of 4 sets of ships to
investasi atas penambahan 4 set armada kapal.                          the fleet.




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Tata Kelola Perusahaan                        Laporan Keberlanjutan
Good Corporate Governance                     Sustainability Report




Arus Kas dari Aktivitas Operasi                                       Cash Flow from Operating Activities

Arus kas bersih yang diperoleh dari aktivitas operasi                 Net cash flow from operating activities in 2025
pada tahun 2025 mencapai Rp207,62 miliar, meningkat                   reached Rp207.62 billion, an increase compared
dibandingkan periode yang sama pada tahun 2024,                       to the same period in 2024, when the Company
di mana Perseroan memperoleh arus kas bersih dari                     obtained net cash flow from operating activities of
aktivitas operasi sebesar Rp197,51 miliar. Peningkatan                Rp197.51 billion. This increase was due to operational
ini disebabkan oleh efisiensi operasional selama                      efficiency during the period.			
periode tersebut.

Arus Kas untuk Aktivitas Investasi                                    Cash Flow for Investing Activities

Arus kas bersih yang digunakan untuk aktivitas investasi              Net cash flow used for investing activities in 2025
pada tahun 2025 sebesar Rp501,88 miliar, meningkat                    amounted to Rp501.88 billion, an increase compared
dibandingkan periode yang sama tahun 2024, di mana                    to the same period in 2024, where net cash flow
arus kas bersih yang digunakan untuk aktivitas investasi              used for investing activities was recorded at
tercatat sebesar Rp293,47 miliar. Peningkatan tersebut                Rp293.47 billion. Peningkatan tersebut utamanya
utamanya disebabkan adanya penambahan 4 set                           disebabkan adanya penambahan 4 set armada kapal.
armada kapal.

Arus Kas dari Aktivitas Pendanaan                                     Cash Flow from Financing Activities

Arus kas bersih yang diperoleh dari aktivitas pendanaan               Net cash flow from financing activities in 2025 reached
pada tahun 2025 mencapai Rp252,37 miliar, meningkat                   Rp252.37 billion, an increase compared to the same
dibandingkan periode yang sama tahun 2024, di mana                    period in 2024, where the Company obtained net cash
Perseroan memperoleh arus kas bersih dari aktivitas                   flow from financing activities of Rp112.54 billion. This
pendanaan sebesar Rp112,54 miliar. Peningkatan ini                    increase was due to additional bank loan facilities.
disebabkan oleh penambahan fasilitas pinjaman bank.




Kemampuan Membayar Utang dan Kolektibilitas Piutang
Solvency and Collectibility of Receivables


Kemampuan Perseroan dalam memenuhi seluruh                            The Company's ability to meet all its obligations,
kewajiban, baik jangka pendek maupun jangka panjang,                  both short-term and long-term, is measured through
dilakukan melalui pengukuran rasio likuiditas dan                     liquidity and solvency ratios. The liquidity ratio is
solvabilitas. Rasio likuiditas digunakan untuk mengukur               used to measure the Company's ability to pay off
kapabilitas Perseroan dalam melunasi kewajiban jangka                 short-term obligations, while the solvency ratio is
pendek, sedangkan rasio solvabilitas digunakan untuk                  used to assess its ability to meet all obligations.
menilai kemampuan pemenuhan seluruh kewajiban.

Perseroan juga berkomitmen memprioritaskan pemenuhan                  The Company is also committed to prioritizing the
hak kreditur melalui pembayaran pokok dan bunga                       fulfillment of creditors' rights through timely payment of
pinjaman yang tepat waktu. Upaya ini didukung dengan                  principal and interest on loans. These efforts are supported
pengelolaan likuiditas dengan hati-hati serta pemantauan              by careful liquidity management and regular monitoring
berkala terhadap jatuh tempo pembayaran pokok dan                     of the maturity dates of principal and interest payments
bunga pinjaman.                                                       on loans.

 Keterangan                                             2025                  2024                                           Description

 Rasio Likuiditas dan Solvabilitas (X)                                                                 Liquidity and Solvency Ratios (X)

 Rasio Lancar                                           1,49                   1,85                                        Current Ratio

 Liabilitas Jangka Panjang terhadap Ekuitas             0,55                   0,31                    Non-Current Liabilities to Equity

 Jumlah Liabilitas terhadap Ekuitas                     0,83                   0,57                            Total Liabilities to Equity

 Jumlah Liabilitas terhadap Jumlah Aset                 0,45                   0,36                      Total Liabilities to Total Assets




Laporan Tahunan Annual Report 2025                                                                                                     101
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Ikhtisar Kinerja                       Laporan Manajemen                    Profil Perusahaan                               Analisis dan Pembahasan Manajemen
Highlights Performance                 Management Report                    Company Profile                                 Management Discussion and Analysis




Dalam hal pembiayaan, Perseroan mempertahankan rasio                       In terms of financing, the Company maintains a healthy
utang terhadap ekuitas yang sehat dan mengeksplorasi                       debt-to-equity ratio and explores efficient funding
opsi pendanaan yang efisien untuk mendukung ekspansi                       options to support expansion while maintaining its
sekaligus menjaga neraca keuangan. Investasi yang akan                     financial balance sheet. Investments made in the
dilakukan pada sisa tahun 2025 antara lain penambahan                      remainder of 2025 included adding tugboats and
kapal tunda dan tongkang ke dalam armada serta                             barges to the fleet and injecting additional capital into
menyuntikkan modal tambahan ke anak perusahaan untuk                       subsidiaries to increase operational capacity.
meningkatkan kapasitas operasional.

Rasio Lancar                                                               Current Ratio

Tahun 2025, rasio lancar yang dibukukan Perseroan                          In 2025, the Company's current ratio was 1.49times,
adalah sebesar 1,49 kali, lebih rendah jika dibandingkan                   lower than the previous year's 1.85 times. This
dengan tahun sebelumnya sebesar 1,85 kali. Hal tersebut                    indicates that the Company's ability to pay its
menunjukkan tingkat kemampuan Perseroan dalam                              current liabilities is at a safe level, as seen from
membayar kewajiban lancarnya berada di level yang aman,                    the current ratio value which is greater than 1.
terlihat dari nilai rasio lancar yang lebih besar dari 1.

Liabilitas Jangka Panjang terhadap Ekuitas                                 Non-current Liabilities to Equity

Rasio liabilitas jangka panjang terhadap ekuitas dibukukan                 The non-current liabilities to equity ratio was
sebesar 0,55 kali, meningkat dibandingkan dibandingkan                     recorded at 0.55 times, an increase compared to the
tahun sebelumnya sebesar 0,31 kali. Hal ini menandakan                     previous year's figure of 0.31 times. This indicates
bahwa utang-utang dalam jangka panjang, ekuitas                            that the Company's equity is still sufficient to
Perseroan masih cukup untuk menutupi seluruh liabilitas                    cover all of its non-current liabilities.		
jangka panjangnya.

Rasio Jumlah Liabilitas terhadap Ekuitas                                   Total Liabilities to Equity Ratio

Rasio jumlah liabilitas terhadap total ekuitas dibukukan                   The total liabilities to total equity ratio was recorded at
sebesar 0,83 kali, meningkat dibandingkan tahun                            0.83 times, an increase compared to the previous year's
sebelumnya sebesar 0,57 kali. Hal ini menandakan bahwa                     figure of 0.57 times. This indicates that the Company's
utang Perseroan telah dikelola dengan baik dan memiliki                    debts have been managed well and that it has sufficient
kemampuan yang memadai untuk melunasi keseluruhan                          capacity to repay all of its debts using its equity.
utang tersebut dengan menggunakan ekuitas yang dimiliki.

Rasio Jumlah Liabilitas terhadap Jumlah Aset                               Liabilities to Assets Ratio

Rasio jumlah liabilitas terhadap total aset dibukukan                      The ratio of total liabilities to total assets was recorded at
sebesar 0,45 kali, meningkat dibandingkan tahun                            0.45 times, an increase from 0.36 times in the previous
sebelumnya sebesar 0,36 kali. Hal ini menandakan                           year. This indicates that the Company pays attention to the
bahwa Perseroan memerhatikan asas solvabilitas dalam                       principle of solvency in its asset procurement, where the
pengadaan asetnya, di mana mayoritas aset Perseroan                        majority of the Company's assets are financed by equity
dibiayai oleh ekuitas dan bukan utang.                                     rather than debt.

Tingkat Kolektibilitas Piutang                                             Receivables Collectivity Rate

 dalam juta Rupiah, kecuali dinyatakan lain						                                                                 in millions Rupiah, unless stated otherwise

                                                                                                                                 Peningkatan/penurunan
                                                                    2025                                 2024
                                                                                                                                   Increase/decrease
 Uraian
 Description                                                Nilai                                Nilai
                                                                              %                                     %
                                                           Amount                               Amount

 Belum jatuh tempo dan tidak mengalami penurunan nilai
                                                           58.875          33,87%               58.182           31,90%                        692
 Not yet mature and not subject to depreciation

 Jatuh tempo dan tidak mengalami penurunan nilai
 mature and not subject to depreciation

 1 - 30 hari day                                           58.154          33,45%               55.580           30,47%                      2.574

 31 - 90 hari day                                          47.134          27,11%               67.459           36,98%                   (20.325)

 > 90 hari day                                             20.149          11,59%               4.372             2,40%                     15.777




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Tata Kelola Perusahaan                           Laporan Keberlanjutan
Good Corporate Governance                        Sustainability Report




 dalam juta Rupiah, kecuali dinyatakan lain						                                                                 in millions Rupiah, unless stated otherwise

                                                                                                                                 Peningkatan/penurunan
                                                                          2025                             2024
                                                                                                                                   Increase/decrease
 Uraian
 Description                                                    Nilai                             Nilai
                                                                                   %                                 %
                                                               Amount                            Amount

 Cadangan kerugian penurunan nilai
                                                               (10.466)          (6,02%)         (3.189)          (1,75%)                   (7.277)
 Provision for impairment losses

 Jumlah Piutang Usaha
                                                               173.845           100,00%         182.404          100,00%                  (8.559)
 Total Trade Receivables


Kolektibilitas piutang Perseroan dinilai dari besarnya                           The collectibility of the Company's receivables is
nilai piutang yang sudah jatuh tempo dan hari rata-                              assessed based on the amount of past due receivables
rata piutang. Sebagian piutang, 33,87%, belum                                    and the average days outstanding. A portion of
jatuh tempo dan tidak mengalami penurunan nilai.                                 receivables, 33.87%, have yet to mature and is not subject
                                                                                 to depreciation.

Cadangan kerugian penurunan nilai piutang usaha                                  The allowance for impairment losses on trade receivables
yang dibentuk Perseroan dan entitas anak pada                                    established by the Company and its subsidiaries on
31 Desember 2025 dan 2024 berdasarkan penilaian                                  31 December 2025 and 2024 is based on the collective
cadangan kerugian penurunan nilai piutang usaha yang                             assessment of the allowance for impairment losses on
dibentuk Perseroan dan entitas anak berdasarkan penilaian                        trade receivables established by the Company and its
secara kolektif sesuai dengan PSAK 71.                                           subsidiaries in accordance with PSAK 71.

Manajemen Grup berpendapat bahwa cadangan kerugian                               Group management believes that the allowance for
penurunan nilai adalah cukup untuk menutupi kemungkinan                          impairment losses is sufficient to cover the possibility of
atas tidak tertagihnya piutang usaha.                                            uncollectible trade receivables.




Struktur Modal
Capital Structure


Manajemen Perseroan menerapkan kebijakan untuk                                   The Company's management implements a policy
menyeimbangkan ekuitas dan utang guna mendorong                                  of balancing equity and debt to encourage optimal
pertumbuhan optimal dengan tingkat risiko yang terjaga.                          growth with a controlled level of risk. The sources of
Sumber pembiayaan belanja modal dan proyek baru                                  financing for capital expenditure and new projects are
diutamakan berasal dari kas internal, utang jangka                               primarily internal cash, long-term debt, and/or bonds.
panjang, dan/atau obligasi. Lebih lanjut, Manajemen akan                         Furthermore, management will actively monitor economic
aktif memantau dinamika kondisi ekonomi serta melakukan                          conditions and make necessary adjustments to the
penyesuaian yang diperlukan terhadap struktur modal                              capital structure in line with changes that occur.
seiring dengan perubahan yang terjadi.

Rincian Struktur Modal                                                           Details of the Capital Structure

 dalam juta Rupiah, kecuali dinyatakan lain						                                                                 in millions Rupiah, unless stated otherwise

                                                    2025                                         2024
 Uraian                                                                                                                                         Description
                                      Nominal                                       Nominal
                                                                 %                                           %
                                      Amount                                        Amount

 Utang Bank                            519.521                 38,25%                  247.555              24,51%                              Bank Loans

 Ekuitas                              838.858                  61,75%                762.450                75,49%                                    Equity

 Jumlah Utang dan Ekuitas            1.358.379               100,00%               1.010.005               100,00%             Total Payables and Equity


Struktur modal Perseroan tahun 2025 utamanya berasal                             The Company's capital structure in 2025 mainly consisted
dari ekuitas, yaitu Rp838,86 miliar atau 61,75% dari struktur                    of equity, amounting to Rp838.86 billion or 61.75% of the
modal. Komposisi tersebut mengalami sedikit perubahan                            capital structure. This composition has changed slightly
dibandingkan tahun sebelumnya.                                                   compared to the previous year.




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Highlights Performance        Management Report               Company Profile                            Management Discussion and Analysis




Dasar Pemilihan Kebijakan Manajemen atas                     Basis for Management's Selection of Capital
Struktur Modal                                               Structure Policy

Sesuai dengan ketentuan Anggaran Dasar, Perseroan            In accordance with the provisions of the Articles of
mengalokasikan sebagian laba bersih untuk dana               Association, the Company allocates a portion of its net
cadangan wajib (minimal 20% dari modal ditempatkan),         profit to a mandatory reserve fund (minimum 20% of
yang     diperuntukkan  menutupi   kerugian    yang          issued capital), which is intended to cover losses incurred
dialami Perseroan.                                           by the Company.




Informasi dan Fakta Material Setelah Tanggal Laporan Akuntan
Material Information and Facts After the Accounting Report Date


Tidak terdapat informasi dan fakta material yang terjadi     There is no material information or facts that occurred after
setelah tanggal laporan akuntan.                             the accounting report date.




Ikatan Material untuk Investasi Barang Modal
Material Commitments for Capital Goods Investments


Perseroan melakukan investasi barang modal untuk             The Company invests in capital goods to expand
memperluas operasinya, meningkatkan produktivitas,           its   operations,      increase    productivity,   enhance
meningkatkan daya saing, dan mencapai tujuan jangka          competitiveness, and achieve the company's long-
panjang perusahaan. Investasi barang modal juga              term goals. Capital expenditure also helps the Company
membantu Perseroan untuk mempertahankan posisinya            maintain its position in the market and strengthen business
di pasar dan memperkuat pertumbuhan bisnis. Selama           growth. During 2025, the Company did not make any
tahun 2025, Perseroan tidak melakukan komitmen material      material commitments related to capital expenditure.
terkait investasi barang modal.




Investasi Barang Modal
Capital Expenditure


Sampai dengan akhir tahun 2025, belanja modal                Until the end of 2025, the capital expenditure incurred by
yang dilakukan oleh Perseroan adalah sebagaimana             the Company is as follows:
dijabarkan berikut:
 dalam juta Rupiah, kecuali dinyatakan lain						                                              in millions Rupiah, unless stated otherwise

                                                                       Peningkatan/penurunan
                                                                         Increase/decrease
 Keterangan                2025                   2024                                                                       Description
                                                                     Rp                    %

 Tanah                             -                     -                -                      -                                  Land

 Bangunan                          -               16.404        (16.404)               (100,00)                               Buildings

 Kapal                    253.446                 224.965          28.481                  12,66                                 Vessels

 Mesin                            17                 640            (623)                 (97,34)                           Machineries




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 dalam juta Rupiah, kecuali dinyatakan lain						                                                  in millions Rupiah, unless stated otherwise

                                                                           Peningkatan/penurunan
                                                                             Increase/decrease
 Keterangan                    2025                    2024                                                                      Description
                                                                         Rp                    %

 Kendaraan                            -                       -               -                      -                              Vehicles

 Peralatan Kantor               2.242                    4.613         (2.371)                (51,40)                        Office Supplies

 Aset Dalam Penyelesaian     260.486                          -      260.486                  100,00                   Assets in Settlement

 Total                         516.191                246.622        269.569                 109,30                                     Total



Sepanjang tahun 2025, terdapat penambahan nilai aset              Throughout 2025, there was an increase in fixed assets
tetap sebesar Rp516,19 miliar yang terdiri dari investasi         of Rp516.19 billion, consisting of investments in ships,
kapal, mesin, serta peralatan kantor.                             machinery, and office supplies.

Dibandingkan tahun 2024, penambahan nilai aset                    Compared to 2024, the increase in asset value in 2025
tahun 2025 meningkat cukup signifikan yang disebabkan             was quite significant due to investments in the addition of
adanya investasi penambahan 4 set armada kapal.                   4 sets of ship fleets.




Prospek Usaha
Business Outlook


Pada tahun 2026, prospek ekonomi Indonesia diperkirakan           In 2026, Indonesia's economic outlook is expected to
tetap berada dalam fase ekspansi moderat meskipun                 remain in a phase of moderate expansion despite facing
dihadapkan pada tantangan struktural dan dinamika global.         structural challenges and global dynamics. Relatively
Permintaan domestik yang relatif terjaga serta perbaikan          stable domestic demand and gradual improvements in the
bertahap pada sektor manufaktur dan perdagangan                   manufacturing and commodity trading sectors will be the
komoditas menjadi penopang utama aktivitas ekonomi,               main drivers of economic activity, although the growth rate
meskipun laju pertumbuhan belum sepenuhnya mencapai               has not yet fully reached its optimal potential.
potensi optimal.

Di sektor komoditas, khususnya batu bara, kebijakan               In the commodity sector, particularly coal, the
pemerintah untuk menurunkan target produksi nasional              government's policy to reduce the national production
menjadi sekitar 600 juta ton serta rencana pemberlakuan           target to around 600 million tons and the plan to impose
bea keluar ekspor mulai 2026 diperkirakan akan                    export duties starting in 2026 are expected to create
membentuk dinamika pasar yang lebih ketat. Penyesuaian            tighter market dynamics. Production adjustments are
produksi diharapkan dapat membantu stabilisasi harga              expected to help stabilize global coal prices in the medium
batu bara global dalam jangka menengah, namun di sisi             term, but on the other hand, they have the potential to
lain berpotensi menekan volume ekspor dan aktivitas               reduce export volumes and overall logistics activity.
logistik secara keseluruhan.

Bagi industri pelayaran dan logistik laut, kombinasi              For the shipping and maritime logistics industry, the
penurunan volume produksi dan peningkatan beban fiskal            combination of declining production volumes and
pada ekspor berpotensi mempengaruhi permintaan jasa               increased fiscal burdens on exports has the potential to
angkutan, struktur biaya, serta tingkat persaingan usaha.         affect demand for transportation services, cost structures,
Volatilitas harga komoditas dan perubahan kebijakan               and the level of business competition. Commodity price
menjadi faktor eksternal utama yang perlu dicermati oleh          volatility and policy changes are the main external factors
pelaku industri dalam menjaga keberlanjutan kinerja.              that industry players need to pay attention to in order to
                                                                  maintain sustainable performance.

Secara umum, prospek industri pelayaran dan logistik              In general, the outlook for the shipping and commodity
komoditas pada 2026 berada dalam kondisi yang                     logistics industry in 2026 is challenging but still holds
menantang namun tetap menyimpan peluang. Stabilitas               opportunities. Domestic economic stability, the potential
ekonomi domestik, potensi diversifikasi arus kargo, serta         for cargo flow diversification, and the need for sustainable
kebutuhan distribusi yang berkelanjutan menjadi faktor            distribution are supporting factors, while policy uncertainty
pendukung, sementara ketidakpastian kebijakan dan                 and global market dynamics remain external risks that
dinamika pasar global tetap menjadi risiko eksternal yang         require vigilance.
memerlukan kewaspadaan.

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Highlights Performance           Management Report                 Company Profile                            Management Discussion and Analysis




Perbandingan Target dan Realisasi Tahun 2025                      Comparison of Targets and Realization in 2025

Di tahun 2025, Perseroan berhasil memenuhi seluruh                In 2025, the Company successfully met all targets set by
target yang ditetapkan oleh RUPS:                                 the GMS:

 dalam juta Rupiah, kecuali dinyatakan lain						                                                   in millions Rupiah, unless stated otherwise

                               Target 2025               Realisasi 2025                Persentase (%)
 Keterangan                                                                                                                       Description
                               2025 Target              2025 Realization               Percentage (%)

 Pendapatan                       738.529                    880.578                        119                                      Revenue

 Laba Tahun Berjalan               65.237                      87.124                       134                        Income For The Year

 Struktur Modal                 1.245.870                  1.358.379                        109                             Capital Structure

 Kebijakan Dividen        33,33% dari Laba Bersih    33,33% dari Laba Bersih                100                              Dividend Policy
                           33,33% from Net Profit     33,33% from Net Profit

Pendapatan Perseroan melampaui dari target yang                   The Company's revenue exceeded of the specified
ditentukan yaitu Rp738,53 miliar dengan mencatatkan               target of Rp738.53 billion, recording a net income of
Pendapatan Neto sebesar Rp880,58 miliar. Demikian juga            Rp880.58 billion. Similarly, the current year's profit
dengan Laba Tahun Berjalan tahun 2025 yang tercatat               for 2025 was recorded at Rp87.12 billion, exceeding
sebesar Rp87,12 miliar, melebihi dari target yang ditentukan      the specified target of Rp65.24 billion. In terms of
yaitu Rp65,24 miliar. Dari segi struktur modal, Perseroan         capital structure, the Company also exceeded the
juga melampaui dari target 2025 yang ditentukan yaitu             specified 2025 target of Rp1,245.87 billion by recording
Rp1.245,87 miliar dengan mencatatkan realisasi struktur           a capital structure realization of Rp1,358.38 billion.
modal sebesar Rp1.358,38 miliar. Keberhasilan ini didukung        This success was supported by operational efficiency
oleh efisiensi operasional yang terus terjaga sepanjang           that was maintained throughout 2025.		
tahun 2025.




Aspek Promosi dan Pemasaran
Promotion and Marketing Aspects


Sepanjang tahun 2025, Perseroan menjalankan strategi              Throughout 2025, the Company has implemented a
pemasaran yang terfokus, selektif, dan berbasis hubungan          focused, selective, and long-term relationship-based
jangka panjang untuk memperkuat posisi Perseroan                  marketing strategy to strengthen its position as a reliable
sebagai penyedia layanan logistik laut kargo komoditas            provider of commodity cargo sea logistics services.
yang andal. Strategi ini dirancang selaras dengan fokus           This strategy was designed in line with the Company's
operasional Perseroan dalam menjaga keandalan layanan,            operational focus on maintaining service reliability, fleet
stabilitas utilisasi armada, serta kesinambungan kontrak di       utilization stability, and contract continuity amid industry
tengah tekanan industri akibat koreksi harga komoditas,           pressures due to commodity price corrections, market
volatilitas pasar, dan tantangan operasional.                     volatility, and operational challenges.

Pendekatan pemasaran Perseroan menitikberatkan                    The Company's marketing approach emphasizes
pada relationship-based marketing, khususnya dengan               relationship-based marketing, particularly with key
pelanggan utama di sektor pertambangan dan energi,                customers in the mining and energy sectors, through
melalui komunikasi yang intensif, pemahaman menyeluruh            intensive communication, a comprehensive understanding
atas kebutuhan operasional pelanggan, serta penyediaan            of customer operational needs, and the provision of
solusi logistik laut yang efisien dan adaptif. Konsistensi        efficient and adaptive sea logistics solutions. The
kinerja operasional tersebut tercermin dalam hasil Customer       consistency of operational performance is reflected in the
Satisfaction Survey (CSS) tahun 2025 yang mencatatkan             results of the 2025 Customer Satisfaction Survey (CSS),
tingkat kepuasan pelanggan sebesar 8,94, serta diperkuat          which recorded a customer satisfaction level of 8.94, and
oleh apresiasi dari pelanggan strategis yang memberikan           is reinforced by the appreciation of strategic customers
penilaian “Sangat Baik” atas kualitas layanan Perseroan.          who gave the Company's service quality a rating of “Very
Capaian ini menjadi indikator keberhasilan Perseroan              Good.” This achievement is an indicator of the Company's
dalam menjaga standar layanan di tengah kondisi pasar             success in maintaining service standards amid challenging
yang menantang.                                                   market conditions.

Efektivitas strategi pemasaran juga tercermin dari                The effectiveness of the marketing strategy is also
keberhasilan Perseroan dalam memperluas basis                     reflected in the Company's success in expanding its non-
pelanggan non-group. Sepanjang tahun 2025, komposisi              group customer base. Throughout 2025, the composition


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kargo non-group meningkat menjadi 29%, dibandingkan          of non-group cargo increased to 29%, compared to 24%
24% pada tahun 2024, menunjukkan penguatan penetrasi         in 2024, indicating stronger market penetration outside the
pasar di luar afiliasi grup serta meningkatnya kepercayaan   group's affiliates and increased trust from independent
pelanggan independen terhadap kapabilitas dan keandalan      customers in the Company's capabilities and service
layanan Perseroan. Peningkatan ini turut mendukung           reliability. This increase also supports the diversification
diversifikasi sumber pendapatan dan mengurangi               of revenue sources and reduces dependence on specific
ketergantungan pada segmen pelanggan tertentu.               customer segments.

Dalam aspek promosi, Perseroan menerapkan pendekatan         In terms of promotion, the Company implements a
yang terukur dan berorientasi nilai, dengan memanfaatkan     measured and value-oriented approach, utilizing various
berbagai kanal komunikasi korporasi untuk memperkuat         corporate communication channels to strengthen market
persepsi pasar terhadap keandalan operasional, kepatuhan     perception of operational reliability, regulatory compliance,
terhadap regulasi, serta komitmen Perseroan terhadap         and the Company's commitment to sustainable
praktik bisnis berkelanjutan. Aktivitas                      business practices.




Kebijakan Dividen
Dividend Policy


Perseroan dapat memberikan nilai tambah kepada para          The Company can provide added value to Shareholders
Pemegang Saham dalam bentuk dividen sebagai bentuk           in the form of dividends as a form of the Company's
pencapaian Perseroan setiap kali target laba Perseroan       achievement every time the Company's profit target is
berhasil dicapai.                                            successfully achieved.

Prinsip Pembagian Dividen                                    Dividend Distribution Principles

Dalam pembagian dividen, Perseroan memiliki kebijakan        In distributing dividends, the Company has a policy
dengan mempertimbangkan sejumlah faktor penting,             that takes into account a number of important
di antaranya:                                                factors, including:

Kebijakan dividen Perseroan mempertimbangkan sejumlah        The Company's dividend policy considers a number of
faktor penting, termasuk:                                    important factors, including:
1. Kondisi Keuangan Perseroan:                               1. The Company's financial condition:
   • Saldo kas, net gearing, imbal hasil atas ekuitas, dan      • Cash balance, net gearing, return on equity, and
      laba ditahan.                                                retained earnings.
   • Kemampuan keuangan yang diharapkan.                        • Expected financial capacity.
2. Rencana Investasi dan Pengeluaran Modal:                  2. Investment and Capital Expenditure Plans:
   • Proyeksi tingkat pengeluaran modal (capital                • Projected    capital    expenditure     and other
      expenditure) dan rencana investasi lain yang                 investment plans that are currently being or will
      sedang atau akan dilaksanakan.                               be implemented.
3. Tingkat Dividen:                                          3. Dividend Level:
   • Perbandingan       dengan     dividen  perusahaan          • Comparison with dividends of companies in similar
      di bidang sejenis secara global.                              fields globally.
   • Tingkat dividen yang diterima oleh Perseroan.              • Dividend level received by the Company.
4. Kepatuhan terhadap Perjanjian:                            4. Compliance with Agreements:
   • Tidak     adanya    negative covenant yang                 • There are no negative covenants that restrict
      membatasi atau menghambat Perseroan dalam                   or prevent the Company from distributing
      membagikan dividen.                                         dividends.

Prosedur Pembagian Dividen                                   Dividend Distribution Procedures
1. Dividen Tahunan:                                          1. Annual Dividends:
   • Dibagikan sesuai keputusan RUPS Tahunan atau               • Distributed in accordance with the resolutions
       RUPS Luar Biasa, sebagaimana diatur dalam                   of the Annual GMS or Extraordinary GMS, as
       Undang-Undang No. 40 Tahun 2007 tentang                     stipulated in Law No. 40 of 2007 concerning Limited
       Perseroan Terbatas.                                         Liability Companies.



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2. Dividen Interim:                                                            2. Interim Dividends:
   • Dapat dibagikan sebelum tahun buku berakhir                                  • May be distributed before the end of the fiscal
       jika   diperbolehkan  oleh  Anggaran    Dasar                                  year if permitted by the Company's Articles
       Perseroan.                                                                     of Association.
   • Penetapan dividen interim dilakukan oleh Direksi                             • The determination of interim dividends is made
       dengan persetujuan Dewan Komisaris.                                            by the Board of Directors with the approval of the
                                                                                      Board of Commissioners.

Dengan peraturan dan kebijakan yang terintegrasi,                              With     integrated  regulations    and    policies,  the
Perseroan memastikan pembagian dividen berlangsung                             Company ensures that the distribution of dividends
secara adil dan transparan yang selaras dengan                                 is fair and transparent, in line with the interests of all
kepentingan seluruh pemegang saham serta turut menjaga                         shareholders, while maintaining financial stability and
kestabilan keuangan dan mendorong pertumbuhan                                  encouraging sustainable growth in the future.
berkelanjutan di masa depan.

Berdasarkan     keputusan    RUPS      Tahunan     yang                        Based on the resolution of the Annual GMS held on
diselenggarakan pada 26 Maret 2025 memutuskan untuk                            26 March 2025, it was decided to distribute a cash dividend
membagikan dividen tunai sebesar Rp40.357.308.499,-                            of Rp40,357,308,499 or Rp15.37 per share. The cash
atau Rp15,37 per lembar saham. Dividen tunai telah                             dividend was paid by the Company on 7 & 8 May 2025.
dibayarkan oleh Perseroan pada tanggal 7 & 8 Mei 2025.

Kronologis pembayaran dividen Perseroan 2 (dua) tahun                          The chronology of the Company's dividend payments for
terakhir adalah sebagai berikut:                                               the last 2 (two) years is as follows:

                                                                                                                       Tahun Buku
 Uraian                                                                                                               Financial Year
 Description
                                                                                                            2024                        2023

 Laba bersih yang dapat diatribusikan kepada pemilik entitas induk (dalam Rupiah)                      121.050.636.164            157.389.744.662
 Profit For The Year Attributable to the Owners of the Parent Entity (in Rupiah)

 Jumlah dividen final (dalam Rupiah)                                                                   40.357.308.499              52.472.475.000
 Total final dividends (in Rupiah)

 Dividen per lembar saham                                                                                          15,37                     19,98
 Dividend per share

 Rasio pembayaran dividen                                                                                      33,33%                      33,33%
 Dividend payout ratio

 Tanggal pengumuman                                                                                       21 April 2025                5 April 2024
 Announcement date

 Tanggal pembayaran                                                                                 7 & 8 Mei May 2025            3 Mei May 2024
 Payment date




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Realisasi Dana Hasil Penawaran Umum
Realization of Funds from Public Offering


Sebagai    wujud     kepatuhan    terhadap ketentuan                 In    compliance     with     POJK      No.30/POJK.04/2015
POJK      No.30/POJK.04/2015       tentang Kewajiban                 concerning the Obligation to Submit Reports on the
Penyampaian Laporan Realisasi Penggunaan Dana Hasil                  Realization of the Use of Public Offering Proceeds,
Penawaran Umum, maka pada tanggal 17 Januari 2023                    on 17 January 2023, through letter No. 016/HIS-JKT/
melalui surat No. 016/HIS-JKT/CORSEC-UM05/I/2023,                    CORSEC-UM05/I/2023, the Company submitted a report
Perseroan telah menyampaikan laporan realisasi                       on the realization of the use of funds from the public
penggunaan dana atas penawaran umum kepada regulator                 offering to the regulator with the following details:
dengan rincian informasi sebagai berikut:

 Jenis Penawaran Publik                                               Penawaran Umum Saham Perdana
 Type of Public Offering                                              Initial Public Offering

 Nama Emisi Entity Name                                               HAIS

 Tanggal Efektif Effective Date                                       1 September 2021

 Jumlah Hasil Penawaran Umum (Satuan Mata Uang)                       157.575.000.000
 Total Public Offering Proceeds (Currency Unit)

 Biaya Penawaran Umum (Satuan Mata Uang)                              6.727.875.435
 Public Offering Costs (Currency Unit)

 Hasil Realisasi Bersih (Mata Uang)                                   150.847.124.565
 Net Realization Proceeds (Currency)

 Rencana Penggunaan Dana Menurut Prospektus (Satuan Mata Uang)        150.847.124.565
 Planned Use of Funds According to Prospectus (Currency Unit)

 Realisasi Penggunaan Dana Menurut Prospektus (Satuan Mata Uang)      150.847.124.565
 Actual Use of Funds According to Prospectus (Currency Unit)

 Sisa Dana (Satuan Mata Uang) Remaining Funds (Currency Unit)         -




Informasi Material Mengenai Investasi, Ekspansi,
Divestasi, Penggabungan/Peleburan Usaha, Akuisisi, dan
Restrukturisasi Utang
Material Information Regarding Investments, Expansion, Divestiture, Business Mergers/
Ambition, Acquisitions, and Debt/Capital Restructuring


Perseroan tidak memiliki informasi material mengenai                 The Company has no material information regarding
investasi, ekspansi, divestasi, penggabungan/peleburan               investments, expansion, divestiture, business mergers/
usaha, akuisisi dan restrukturisasi utang/modal.                     ambition, acquisitions, and debt/capital restructuring.




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Informasi Transaksi Material yang Mengandung Benturan
Kepentingan dan/atau Transaksi Dengan Pihak Afiliasi/
Berelasi
Information on Material Transactions Involving Conflicts of Interest and/or Transactions
with Affiliated/Related Parties


Transaksi Material                                                 Material Transactions

Sepanjang tahun 2025, Perseroan tidak melakukan                    Throughout 2025, the Company did not conduct any
transaksi material dengan pihak mana pun.                          material transactions with any party.

Transaksi Afiliasi                                                 Affiliated Transactions

Dalam kegiatan usaha normal, Perseroan dan Entitas Anak            In the normal course of business, the Company and its
melakukan transaksi dengan pihak-pihak berelasi, yang              Subsidiaries conduct transactions with related parties,
dilaksanakan berdasarkan tingkat harga dan persyaratan             which are carried out based on prices and terms agreed
yang telah disepakati oleh para pihak. Transaksi ini               upon by the parties. These transactions are in accordance
sesuai dengan definisi yang tercantum dalam PSAK No. 7             with the definitions set forth in PSAK No. 7 “Disclosure of
“Pengungkapan Pihak-pihak Berelasi” dan Peraturan                  Related Parties” and Bapepam-LK Regulation No. KEP347/
Bapepam-LK No. KEP347/BL/2012 tanggal 25 Juni 2012                 BL/2012 dated June 25, 2012 concerning “Presentation
tentang “Penyajian dan Pengungkapan Laporan Keuangan               and Disclosure of Financial Statements of Issuers or
Emiten atau Perusahaan Publik.”                                    Public Companies.”

Prosedur dan Prinsip Transaksi Afiliasi                            Affiliated Transaction Procedures and Principles
1. Direksi:                                                        1. Board of Directors:

      •   Menyatakan bahwa seluruh transaksi afiliasi telah            •    Declares that all affiliated transactions have
          melalui prosedur yang memadai untuk memastikan                    undergone adequate procedures to ensure that
          pelaksanaan transaksi sesuai dengan praktik bisnis                the transactions are carried out in accordance with
          yang berlaku umum.                                                generally accepted business practices.

      •   Seluruh transaksi dilakukan dengan memenuhi                  •    All transactions are carried out in accordance with
          prinsip transaksi yang wajar (arm’s length principle).            the arm's length principle.

2. Dewan Komisaris dan Komite Audit:                               2. Board of Commissioners and Audit Committee:

      •   Menelaah dan menyetujui transaksi afiliasi.                  •    Review and approve affiliated transactions.

      •   Memastikan transaksi tersebut telah memenuhi                 •    Ensuring that these transactions comply with the
          prinsip transaksi yang wajar, sesuai prosedur yang                arm's length principle, applicable procedures,
          berlaku, dan dilaksanakan berdasarkan praktik                     and are carried out in accordance with generally
          bisnis umum.                                                      accepted business practices.

Pada tahun 2025, Perseroan tidak melakukan transaksi               In 2025, the Company did not conduct significant affiliate
afiliasi yang signifikan.                                          transactions.

Transaksi Benturan Kepentingan                                     Conflict of Interest Transactions

Di tahun 2025 tidak terdapat transaksi afiliasi dan/atau           In 2025, there were no affiliate transactions and/or conflict
transaksi benturan kepentingan yang membutuhkan                    of interest transactions that required the approval of
persetujuan pemegang saham independen.                             independent shareholders.




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Perubahan Peraturan Perundang-Undangan yang Berdampak
Signifikan
Changes in Legislation That Have A Significant Impact


Hingga akhir tahun 2025, tidak terdapat perubahan              Until the end of 2025, there were nochanges in laws and
peraturan     perundang-undangan yang   berdampak              regulations that have a significant impact on the Company.
signifikan terhadap Perseroan.




Perubahan Kebijakan Akuntansi
Changes in Accounting Policies


Standar, Amendemen/Penyesuaian dan                             Standards, Amendments/Adjustments and
Interpretasi Standar yang Berlaku Efektif pada                 Interpretations of Standards Effective in the
Tahun Berjalan                                                 Current Year

Penerapan revisi Standar Akuntansi Keuangan yang mulai         The application of the revised Financial Accounting
berlaku efektif 1 Januari 2025 serta memiliki relevansi bagi   Standards that became effective on 1 January 2025 and
Perseroan, namun tidak menimbulkan perubahan material          are relevant to the Company, but do not cause material
terhadap nilai-nilai yang disajikan dalam laporan keuangan     changes to the values presented in the consolidated
konsolidasian, adalah sebagai berikut:                         financial statements, are as follows:

1. Amendemen PSAK 221, “Pengaruh Perubahan Kurs                1. Amendment to PSAK 221, “The Effect of Changes in
   Valuta Asing”: Kekurangan Ketertukaran                         Foreign Exchange Rates”: Lack of Interchangeability
2. Amendemen      PSAK  117, “Kontrak Asuransi”:               2. Amendment to PSAK 117, “Insurance Contracts”:
   Penerapan Awal PSAK 117 dan PSAK 109 -                         Initial Application of PSAK 117 and PSAK 109 -
   Informasi Komparatif                                           Comparative Information
3. PSAK 117, “Kontrak Asuransi”                                3. PSAK 117, “Insurance Contracts”

Standar dan Amendemen Standar Telah                            Standards and Amendments to Standards Issued
Diterbitkan Tapi Belum Diterapkan                              but Not Yet Applied

Standar Akuntansi Keuangan yang telah diterbitkan dan          Financial Accounting Standards that have been issued
berlaku efektif untuk periode yang dimulai pada atau           and are effective for periods beginning on or after
setelah tanggal 1 Januari 2025 namun belum diterapkan          1 January 2025, but have not yet been applied by
oleh Perseroan:                                                the Company:

1. Amendemen PSAK 221, “Pengaruh Perubahan Kurs                1. Amendment to PSAK 221, “The Effect of Changes in
   Valuta Asing”: Kekurangan Ketertukaran                         Foreign Exchange Rates”: Lack of Interchangeability

2. Amendemen     PSAK   117, “Kontrak Asuransi”:               2. Amendment to PSAK 117, “Insurance Contracts”:
   Penerapan Awal PSAK 117 dan PSAK 109 -                         Initial Application of PSAK 117 and PSAK 109 -
   Informasi Komparatif                                           Comparative Information

3. PSAK 117, “Kontrak Asuransi”                                3. PSAK 117, “Insurance Contracts”

Penerapan kebijakan akuntansi baru           tersebut tidak    The application of these new accounting policies
memberikan dampak yang material              bagi Laporan      did not have a material impact on the Company's
Keuangan Perseroan.                                            Financial Statements.




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Ikhtisar Kinerja         Laporan Manajemen   Profil Perusahaan       Analisis dan Pembahasan Manajemen
Highlights Performance   Management Report   Company Profile         Management Discussion and Analysis




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      Tata Kelola Perusahaan         Laporan Keberlanjutan
      Good Corporate Governance      Sustainability Report




                                                   TATA KELOLA
                                                   PERUSAHAAN
                                                   GOOD CORPORATE
                                                   GOVERNANCE




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Ikhtisar Kinerja                 Laporan Manajemen            Profil Perusahaan             Analisis dan Pembahasan Manajemen
Highlights Performance           Management Report            Company Profile               Management Discussion and Analysis




Komitmen Perseroan dalam Penerapan GCG
The Company’s Commitment to Implementing GCG




Komitmen Perseroan dalam menjalankan bisnis yang sehat        The Company’s commitment to conducting healthy
dan bertanggung jawab diterapkan dengan berlandaskan          and responsible business is implemented based on
pada prinsip-prinsip Tata Kelola Perusahaan yang Baik         the principles of Good Corporate Governance (GCG).
(Good Corporate Governance/GCG). Penerapan GCG                Consistent and optimal implementation of GCG is
yang konsisten dan optimal diyakini mampu meningkatkan        believed to be able to increase accountability, support
tingkat akuntabilitas, mendukung pelaksanaan transaksi        the implementation of fair and independent transactions,
yang wajar dan independen, menjamin kualitas dan              ensure the quality and reliability of information
keandalan informasi yang disampaikan kepada publik, serta     disclosed to the public, and be an important factor
menjadi faktor penting dalam menjaga keberlangsungan          in maintaining long-term business continuity.
usaha jangka panjang.

Bagi Perseroan, penerapan prinsip GCG bukan hanya             For the Company, the implementation of GCG principles
sekedar kepatuhan terhadap peraturan dan regulasi             is not merely a matter of compliance with applicable
yang berlaku, lebih dari itu Perseroan menganggap             rules and regulations; rather, the Company considers
penerapan prinsip GCG sebagai kebutuhan mutlak                the implementation of GCG principles to be an absolute
yang wajib terpenuhi. Oleh sebab itu, Perseroan terus         necessity that must be fulfilled. Therefore, the Company
berupaya untuk:                                               continues to strive to:

1. Memastikan ketersediaan infrastruktur GCG serta            1. Ensure the availability of GCG infrastructure and
   perangkat kebijakan yang memadai; dan                         adequate policy tools; and

2. Melakukan evaluasi berkala terkait penerapan               2. Conducting periodic evaluations of the implementation
   prinsip-prinsip dasar GCG guna menjaga kualitas               of basic GCG principles to maintain the quality of their
   pelaksanaannya.                                               implementation.

      Di tengah kondisi dunia usaha yang dinamis, Perseroan   Amidst dynamic business conditions, the Company believes
      berpandangan bahwa dengan penerapan GCG yang            that the optimal implementation of GCG and the support
      optimal serta pihak internal yang suportif dalam        of internal parties in implementing GCG can strengthen




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      Tata Kelola Perusahaan             Laporan Keberlanjutan
      Good Corporate Governance          Sustainability Report




   penerapan GCG dapat memperkuat posisi Perseroan                 the Company’s position in facing various challenges
   untuk menghadapi berbagai tantangan dan perubahan.              and changes. With a strong foundation, the Company is
   Dengan fondasi yang kuat, Perseroan semakin percaya             increasingly confident in maintaining its competitiveness
   diri untuk menjaga daya saing, dan mempertahankan               and sustaining growth as a shipping and logistics company
   pertumbuhan berkelanjutan sebagai perusahaan                    in line with the Company’s vision and mission.
   pelayaran dan logistik yang sesuai dengan visi dan
   misi Perseroan.

Dasar Hukum Penerapan GCG                                          Legal Basis for GCG Implementation

Penerapan GCG di Perseroan berlandaskan pada beberapa              The implementation of GCG in the Company is based
ketentuan, peraturan, dan perundang-undangan yang                  on several applicable provisions, regulations, and
berlaku, antara lain:                                              laws, including:

1. Undang-Undang No.              40   Tahun   2007      tentang   1. Law No. 40 of           2007    concerning      Limited
   Perseroan Terbatas;                                                Liability Companies;

2. Undang-Undang No. 8 Tahun 1995 tentang Pasar Modal;             2. Law No. 8 of 1995 concerning Capital Markets;

3. Peraturan    Otoritas    Jasa     Keuangan    (OJK)             3. Financial Services Authority (OJK) Regulation
   No.    33/POJK.04/2014      tentang   Direksi   dan                No. 33/POJK.04/2014 concerning the Board of
   Komisaris Emiten atau Perusahaan Publik;                           Directors and Board of Commissioners of Issuers or
                                                                      Public Companies;

4. Peraturan OJK No. 34/POJK.04/2014 tentang                       4. OJK Regulation No. 34/POJK.04/2014 concerning the
   Komite Nominasi dan Remunerasi Emiten atau                         Nomination and Remuneration Committee of Issuers or
   Perusahaan Publik;                                                 Public Companies;

5. Peraturan OJK No. 55/POJK.04/2015 tentang                       5. OJK Regulation No. 55/POJK.04/2015 concerning the
   Pembentukan dan Pedoman Pelaksanaan Kerja                          Establishment and Implementation Guidelines for the
   Komite Audit;                                                      Audit Committee;

6. Peraturan OJK No. 60/POJK.04/2015 tentang                       6. OJK Regulation No. 60/POJK.04/2015 concerning
   Keterbukaan Informasi Pemegang Saham Tertentu;                     Disclosure of Information on Certain Shareholders;

7. Peraturan OJK No. 8/POJK.04/2015 tentang Situs Web              7. OJK Regulation No. 8/POJK.04/2015 concerning the
   Emiten atau Perusahaan Publik;                                     Websites of Issuers or Public Companies;

8. Peraturan OJK No. 21/POJK.04/2015 tentang Penerapan             8. OJK Regulation No. 21/POJK.04/2015 concerning the
   Pedoman Tata Kelola Perusahaan Terbuka;                            Implementation of Corporate Governance Guidelines
                                                                      for Public Companies;

9. Surat Edaran OJK No. 32/SEOJK.04/2015 tentang                   9. OJK     Circular  Letter  No.    32/SEOJK.04/2015
   Pedoman Tata Kelola Perusahaan Terbuka;                            concerning Guidelines for Corporate Governance of
                                                                      Public Companies;

10. Peraturan OJK No. 29/POJK.04/2016 tentang Laporan              10. OJK Regulation No. 29/POJK.04/2016 concerning
    Tahunan Emiten atau Perusahaan Publik;                             Annual Reports of Issuers or Public Companies;

11. Surat Edaran OJK No. 16/SEOJK.04/2021 tentang                  11. OJK Circular Letter No. 16/SEOJK.04/2021 concerning
    Bentuk dan Isi Laporan Tahunan Emiten atau                         the Form and Content of Annual Reports of Issuers or
    Perusahaan Publik; dan                                             Public Companies; and

12. Pedoman Umum Governansi Korporat Indonesia                     12. The 2021 Indonesian Corporate Governance Guidelines
    (PUGKI) 2021 yang diterbitkan oleh Komite Nasional                 (PUGKI) published by the National Committee on
    Kebijakan Governansi (KNKG).                                       Governance Policy (KNKG).




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Ikhtisar Kinerja                          Laporan Manajemen                      Profil Perusahaan                       Analisis dan Pembahasan Manajemen
Highlights Performance                    Management Report                      Company Profile                         Management Discussion and Analysis




Prinsip-Prinsip Dasar GCG                                                       Basic Principles of GCG

Prinsip-prinsip dasar GCG yang digunakan sebagai acuan                          The basic principles of GCG used as a reference by the
oleh Perseroan dalam penerapan GCG mengacu pada                                 Company in the implementation of GCG refer to the 4 (four)
4 (empat) prinsip dasar GCG sesuai Pedoman Governansi                           basic principles of GCG in accordance with the Corporate
Korporat yang diterbitkan oleh Komite Nasional Kebijakan                        Governance Guidelines published by National Committee
Governansi (KNKG) tahun 2021, yang terdiri dari:                                on Governance (NCG/KNKG) in 2021, which consist of:


 Prinsip             Penjelasan                                                           Implementasi di Perseroan
 Principle           Explanation                                                          Implementation in the Company

 Perilaku Beretika   Dalam menjalankan kegiatan usahanya, Perseroan selalu                •   Pengambilan segala bentuk keputusan dilakukan secara
 Ethical Behavior    mengedepankan sikap kejujuran serta berkomitmen untuk                    objektif demi kepentingan Perseroan; 		
                     memperlakukan semua pihak dengan penuh rasa hormat (respect)             All resolutions are made objectively in the interests of
                     dan terus berupaya membangun serta menjaga nilai-nilai moral             the Company;
                     dan kepercayaan secara konsisten. Selain itu, Perseroan juga         •   Setiap insan Perseroan menjalankan tugas dan tanggung
                     memerhatikan kepentingan para Pemegang Saham dan pemangku                jawabnya dengan penuh integritas sebagaimana telah diatur
                     kepentingan lainnya dengan berlandaskan pada asas kewajaran              dalam Peraturan Perseroan dan Kode Etik Perseroan;
                     dan kesetaraan (fairness) serta memastikan jalannya pengurusan           Every individual in the Company carries out their duties and
                     perusahaan dilakukan secara independen sehingga masing-                  responsibilities with integrity as stipulated in the Company
                     masing organ Perseroan tidak saling mendominasi dan tidak dapat          Regulations and the Company Code of Conduct;
                     diintervensi oleh pihak lain.                                        •   Perseroan berkomitmen untuk memberikan perlakuan
                     In conducting its business activities, the Company always                yang setara kepada seluruh Pemegang Saham termasuk
                     prioritizes honesty and is committed to treating all parties with        Pemegang Saham Minoritas; dan		
                     respect and continuously strives to build and maintain moral             The Company is committed to providing equal treatment to all
                     values and trust consistently. In addition, the Company also pays        Shareholders, including Minority Shareholders; and
                     attention to the interests of Shareholders and other stakeholders    •   Perseroan memperlakukan seluruh rekanan/mitra usaha
                     based on the principles of fairness and equality, and ensures that       secara adil dan transparan.			
                     the management of the company is carried out independently so            The Company treats all business partners/associates fairly and
                     that each organ of the Company does not dominate each other and          transparently.
                     cannot be interfered with by other parties.

 Akuntabilitas       Perseroan mempertanggungjawabkan kinerjanya secara transparan        •   Perseroan memiliki Piagam dan Board Manual yang memuat
 Accountability      dan wajar melalui pengelolaan bisnis secara benar, terukur, dan          kejelasan tugas dan tanggung jawab dari setiap unit-unit kerja
                     sesuai dengan kepentingan Perseroan dengan tetap memerhatikan            yang berada di dalam struktur organisasi Perseroan;
                     kepentingan Pemegang Saham dan Pemangku Kepentingan lainnya.             The Company has a Charter and Board Manual that clearly
                     The Company is accountable for its performance in a transparent          outlines the duties and responsibilities of each work unit within
                     and reasonable manner through proper, measurable business                the Company’s organizational structure;
                     management in accordance with the interests of the Company           •   Dewan Komisaris dan Direksi mempertanggungjawabkan
                     while still considering the interests of Shareholders and other          pelaksanaan tugasnya kepada Pemegang Saham melalui
                     Stakeholders.                                                            Rapat Umum Pemegang Saham (RUPS); dan
                                                                                              The Board of Commissioners and Board of Directors are
                                                                                              accountable for the performance of their duties to the
                                                                                              Shareholders through the General Meeting of Shareholders
                                                                                              (GMS); and
                                                                                          •   Penetapan Key Performance Indicators (KPI) sebagai tolak
                                                                                              ukur penilaian kinerja karyawan dan unit-unit kerja.
                                                                                              The establishment of Key Performance Indicators (KPIs) as a
                                                                                              benchmark for evaluating the performance of employees and
                                                                                              work units.

 Transparansi        Perseroan menjamin ketersediaan informasi yang material dan          •   Penyampaian laporan publikasi berkala dilakukan secara
 Transparency        relevan secara jelas, terbuka, dan akurat melalui media yang mudah       tepat waktu kepada Regulator dan dapat diakses melalui
                     diakses dan dipahami oleh para Pemangku Kepentingan.                     situs web Bursa Efek Indonesia (BEI): www.idx.co.id dengan
                     The Company ensures the availability of material and relevant            memasukkan kode saham: “HAIS”; 		
                     information in a clear, open, and accurate manner through media          Periodic public reports are submitted in a timely manner to the
                     that is easily accessible and understandable by Stakeholders.            Regulator and can be accessed through the Indonesia Stock
                                                                                              Exchange (IDX) website: www.idx.co.id by entering the stock
                                                                                              code: “HAIS”;
                                                                                          •   Perseroan memiliki situs web resmi yang memuat beragam
                                                                                              informasi umum mengenai Perseroan dan dapat diakses dengan
                                                                                              mudah oleh publik, yaitu: https://www.pthis.id/ ; dan
                                                                                              The Company has an official website that contains a variety
                                                                                              of general information about the Company and is easily
                                                                                              accessible to the public, namely: https://www.pthis.id/ ; and
                                                                                          •   Selain situs web, Perseroan juga melakukan keterbukaan
                                                                                              informasi melalui media massa baik berupa media
                                                                                              cetak maupun media digital, apabila diperlukan.
                                                                                              In addition to the website, the Company also discloses
                                                                                              information through the mass media, both print and digital,
                                                                                              when necessary.

 Keberlanjutan       Agar kelangsungan usaha pada jangka panjang tetap terjaga,           •   Perseroan selalu mengikuti perkembangan terkini mengenai
 Sustainability      Perseroan memastikan pelaksanaan kegiatan usahanya senantiasa            regulasi pasar modal untuk memastikan kepatuhan perusahaan
                     mematuhi peraturan perundang-undangan yang berlaku. Selain itu,          sebagai entitas bisnis yang sahamnya tercatat di BEI;
                     Perseroan juga bertanggung jawab untuk memberikan manfaat dan            The Company always follows the latest developments
                     dampak positif kepada masyarakat dan lingkungan sekitar demi             regarding capital market regulations to ensure the Company’s
                     tercapainya agenda pembangunan berkelanjutan.                            compliance as a business entity whose shares are listed on
                     To ensure long-term business continuity, the Company ensures             the IDX;
                     that its business activities always comply with applicable laws      •   Perseroan menjamin kepatuhan terhadap peraturan, pedoman,
                     and regulations. In addition, the Company is also responsible for        perjanjian dan standar etika yang berlaku, di mana setiap
                     providing benefits and positive impacts to the community and             pelanggaran akan diberikan konsekuensi yang setimpal; dan
                     the surrounding environment in order to achieve a sustainable
                     development agenda.



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       Good Corporate Governance              Sustainability Report




Prinsip            Penjelasan                                                            Implementasi di Perseroan
Principle          Explanation                                                           Implementation in the Company

                                                                                                 The Company guarantees compliance with applicable
                                                                                                 regulations, guidelines, agreements, and ethical standards,
                                                                                                 whereby any violation will result in appropriate consequences;
                                                                                                 and
                                                                                         •       Pelaksanaan kegiatan Tanggung Jawab Sosial Perusahaan
                                                                                                 (Corporate Social Responsibility/”CSR”) setiap tahun.
                                                                                                 The implementation of Corporate Social Responsibility (CSR)
                                                                                                 activities every year.




Kerangka Tata Kelola
Corporate Governance Framework


Untuk mewujudkan komitmen Perseroan dalam pelaksanaan                         To realize the Company’s commitment to corporate
tata kelola perusahaan, Perseroan telah menyusun                              governance, the Company has developed the following
Corporate Governance Framework seperti di bawah ini.                          Corporate Governance Framework.



Struktur Tata Kelola    Proses Tata Kelola                                                   Hasil Penerapan Tata Kelola
Governance Structure    Governance Process                                                   Governance Outcome

•   Organ Utama         •   Pemenuhan hak Pemegang Saham dan perlakuan yang                  •    Memaksimalkan nilai Perseroan
    Key Organs              sama kepada seluruh Pemegang Saham                                    Maximizing the Company’s value
•   Organ Pendukung         Fulfillment of shareholders’ rights and equal treatment of       •    Meningkatkan daya saing Perseroan
    Supporting Organs       all shareholders                                                      Enhancing the Company’s competitiveness
•   Infrastruktur       •   Pemenuhan hak Pemangku Kepentingan                               •    Mendorong pengelolaan Perseroan secara transparan
    Infrastructure          Fulfillment of stakeholder rights                                     dan efisien
                        •   Pelaksanaan tugas dan tanggung jawab                                  Promoting transparent and efficient management of
                            Performance of duties and responsibilities                            the Company
                        •   Transparansi kondisi keuangan dan non-keuangan                   •    Mendorong organ Perseroan agar menjalankan Perusahaan
                            Perseroan.                                                            dengan dilandasi nilai moral yang tinggi dan kepatuhan
                            Transparency of the Company’s financial and non-financial             terhadap perundang-undangan
                            conditions.                                                           Encouraging the Company’s organs to run the Company
                                                                                                  based on high moral values and compliance with laws
                                                                                                  and regulations
                                                                                             •    Mengendalikan dan mengarahkan hubungan antar
                                                                                                  organ Perseroan
                                                                                                  Controlling and directing relationships between the
                                                                                                  Company’s organs
                                                                                             •    Mendorong kesadaran akan tanggung jawab sosial
                                                                                                  Perusahaan terhadap Pemangku Kepentingan
                                                                                                  Promoting awareness of the Company’s social responsibility
                                                                                                  towards Stakeholders
                                                                                             •    Meningkatkan kepercayaan pasar untuk mendorong
                                                                                                  investasi dan pertumbuhan ekonomi nasional
                                                                                                  Enhancing market confidence to encourage investment and
                                                                                                  national economic growth



Struktur Tata Kelola                                                          Governance Structure
Struktur tata kelola Perseroan berlandaskan pada Undang-                      The Company’s governance structure is based on Law
Undang No. 40 Tahun 2007 tentang Perseroan Terbatas,                          No. 40 of 2007 concerning Limited Liability Companies,
di mana struktur tata kelola perusahaan terdiri dari 3 (tiga)                 in which the corporate governance structure consists
organ utama, yaitu Rapat Umum Pemegang Saham (RUPS),                          of 3 (three) main organs, namely the General Meeting
Dewan Komisaris, dan Direksi. Adapun Organ Pendukung                          of Shareholders (GMS), the Board of Commissioners,
Perseroan antara lain adalah Komite Audit, Manajemen                          and the Board of Directors. The Company's supporting
Risiko, Compliance, Komite Nominasi & Remunerasi,                             bodies include the Audit Committee, Risk Management,
Sekretaris Perusahaan dan Internal Audit. Keenam organ                        Compliance, the Nomination and Remuneration Committee,
tersebut memiliki peran dan fungsi masing-masing                              the Company Secretary and Internal Audit. These six
dalam operasional Perseroan. Oleh karena itu Perseroan                        organs have their respective roles and functions in the
mengharapkan keenam organ tersebut mampu memahami                             Company’s operations. Therefore, the Company expects
dengan jelas fungsi dan tanggung jawabnya masing-                             these six organs to clearly understand their respective
masing, serta memiliki hubungan yang erat dan sinergis                        functions and responsibilities, as well as to have a close
guna mencapai hasil yang ingin dicapai Perseroan.                             and synergistic relationship with each other in order to
                                                                              achieve the Company’s desired results.

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Ikhtisar Kinerja                      Laporan Manajemen                    Profil Perusahaan             Analisis dan Pembahasan Manajemen
Highlights Performance                Management Report                    Company Profile               Management Discussion and Analysis




Sebagai Organ yang berperan dalam penentu arah, tujuan,                   As the organ responsible for determining the direction,
dan hasil yang ingin dicapai, Perseroan telah mengatur                    objectives, and results to be achieved, the Company
wewenang dan tanggung jawab masing-masing organ                           has regulated the authority and responsibilities of each
tata kelola sesuai dengan amanat yang tercantum dalam                     governance organ in accordance with the mandate set forth
Anggaran Dasar dan Peraturan Perundang-undangan.                          in the Articles of Association and Laws and Regulations.
Dengan pendekatan ini, Perseroan memastikan setiap                        With this approach, the Company ensures that each organ
organ dapat menjalankan perannya secara efektif demi                      can perform its role effectively in order to achieve the
tercapainya tujuan strategis perusahaan.                                  Company’s strategic objectives.



                                                                                                            Komite
                                                                                                             Audit
                                                            Board of
                                                          Commissioners                                     Audit
                                                                                                          Committee


                         Rapat Umum Pemegang
                             Saham (RUPS)
                           General Meeting                                                                 Unit Audit
                          Shareholders (GMS)                                                                Internal
                                                                                                          Internal Audit
                                                                                                               Unit

                                                      Board of Directors

                                                                                                           Sekretaris
                                                                                                          Perusahaan
                                                                                                           Corporate
                                                                                                           Secretary



1. RUPS                                                                   1. Annual GMS

      RUPS adalah forum tertinggi dalam struktur tata                         The Annual GMS is the highest forum in the Company’s
      Kelola Perseroan yang berfungsi sebagai wadah bagi                      governance structure, serving as a platform for
      pemegang saham untuk menggunakan hak suaranya                           shareholders to exercise their voting rights in
      dalam mengawasi dan mengarahkan jalannya                                supervising and directing the Company’s operations.
      perusahaan. RUPS mempunyai wewenang yang tidak                          The Annual GMS has authority that is not granted to
      diberikan kepada Direksi atau Dewan Komisaris dalam                     the Board of Directors or the Board of Commissioners
      batas yang ditentukan dalam Undang-Undang dan/                          within the limits specified in the Law and/or the Articles
      atau Anggaran Dasar.                                                    of Association.

      RUPS terbagi menjadi dua, yaitu RUPS Tahunan yang                       The Annual GMS is divided into two types, the Annual
      diselenggarakan satu tahun sekali selambat-lambatnya                    GMS, which is held once a year no later than 6 (six)
      6 (enam) bulan sejak tahun buku berakhir dan RUPS                       months after the end of the financial year, and the
      Luar Biasa yang dapat diselenggarakan sewaktu-waktu                     Extraordinary GMS, which can be held at any time
      berdasarkan kebutuhan.                                                  based on necessity.

2. Dewan Komisaris                                                        2. Board of Commissioners

      Dewan Komisaris adalah organ Perseroan yang                             The Board of Commissioners is the Company’s organ
      bertugas untuk mengawasi, mengarahkan, dan                              responsible for supervising, directing, and advising
      memberi nasihat kepada Direksi dalam menjalankan                        the Board of Directors in running the company’s
      operasional perusahaan, serta melakukan pengawasan                      operations, as well as conducting general and/or
      secara umum dan/atau khusus sesuai dengan                               specific supervision in accordance with the Articles of
      Anggaran Dasar.                                                         Association .

      Organ Pendukung: Komite Audit                                           Supporting organ: Audit Committee

3. Direksi                                                                3. Board of Directors

      Direksi adalah organ Perseroan yang berwenang dan                       The Board of Directors is the organ of the Company that
      bertanggung jawab penuh atas pengelolaan Perseroan                      has the authority and full responsibility for managing
      agar dapat mencapai tujuan Perseroan, sesuai dengan                     the Company in order to achieve the Company’s
      maksud dan tujuan Perseroan. Direksi mewakili                           objectives, in accordance with the Company’s aims
      Perseroan baik di dalam maupun di luar pengadilan,                      and objectives. The Board of Directors represents the
      sesuai dengan ketentuan Anggaran Dasar.                                 Company both in and out of court, in accordance with
                                                                              the provisions of the Articles of Association.

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    Organ Pendukung:                                                     Supporting organ:

    •    Sekretaris Perusahaan                                           •   Company Secretary

    •    Audit Internal                                                  •   Internal Audit

    Organ pendukung Dewan Komisaris dan Direksi                          Supporting organs for the Board of Commissioners and
    dibentuk sesuai dengan wewenang Dewan Komisaris                      the Board of Directors are formed in accordance with
    dan Direksi yang dapat membentuk organ pendukung                     the authority of the Board of Commissioners and the
    untuk membantunya dalam menjalankan tugas                            Board of Directors, which may form supporting organs
    dan fungsinya.                                                       to assist them in carrying out their duties and functions.

Proses Tata Kelola                                                   Governance Process

Perseroan tidak hanya memiliki infrastruktur GCG yang                The Company not only has a complete GCG infrastructure
lengkap untuk menciptakan lingkungan kerja beretika                  to create a highly ethical work environment, but is also
tinggi, tetapi juga dilengkapi dengan soft structure berupa          equipped with a soft structure in the form of internal
perangkat kebijakan internal. Kebijakan ini dirancang                policy tools. These policies are designed to ensure the
untuk memastikan penerapan prinsip-prinsip GCG yang                  implementation of quality GCG principles in all aspects of
berkualitas di seluruh aspek bisnis dan operasional.                 business and operations.

Beberapa perangkat kebijakan tersebut meliputi:                      Some of these policy tools include:

•   Anggaran Dasar;                                                  •   Articles of Association;

•   Kode Etik;                                                       •   Code of Conduct;

•   Peraturan Perusahaan (PP);                                       •   Company Regulations (PP);

•   Pedoman Kerja;                                                   •   Work Guidelines;

•   Sistem Pengendalian Internal;                                    •   Internal Control System;

•   Sistem Pelaporan                Pelanggaran    (Whistleblowing   •   Whistleblowing System; and
    System); dan
•   Perangkat pendukung lainnya.                                     •   Other supporting tools.

Mekanisme Tata Kelola                                                Governance Mechanism

Mekanisme tata Kelola yang diterapkan di Perseroan                   The governance mechanism implemented in the Company
berdasarkan prinsip kesetaraan, serta memastikan                     is based on the principle of equality and ensures that
setiap organ Perseroan bertindak sesuai fungsi dan                   each organ of the Company acts in accordance with its
tanggung jawabnya guna menjamin pelaksanaan GCG                      functions and responsibilities to guarantee the effective
yang efektif                                                         implementation of GCG.

•   Dewan Komisaris menjalankan fungsi pengawasan,                   •   The Board of Commissioners performs a supervisory
    yang didukung oleh Komite Audit.                                     function, supported by the Audit Committee.

•   Direksi bertugas menjalankan fungsi pengelolaan,                 •   The Board of Directors is tasked with performing
    dengan dukungan dari Unit Audit Internal dan                         management functions, with support from the Internal
    Sekretaris Perusahaan.                                               Audit Unit and the Corporate Secretary.

Penerapan Berkesinambungan                                           Sustainable Implementation

Prinsip-prinsip GCG secara konsisten diperkenalkan                   The principles of GCG are consistently introduced and
dan diintegrasikan ke seluruh jajaran organisasi oleh                integrated throughout the organization by the Company.
Perseroan. Melalui implementasi yang berkelanjutan dalam             Through continuous implementation in every business
setiap kegiatan usaha, memastikan tata kelola perusahaan             activity, corporate governance is ensured to be part of the
menjadi bagian dari budaya kerja Perseroan.                          Company’s work culture.

Dampak Tata Kelola                                                   Impact of Governance

Dampak positif yang dihasilkan dari Penerapan prinsip-               The positive impact resulting from the Company’s
prinsip Good Corporate Governance (GCG) secara                       consistent application of Good Corporate Governance
konsisten oleh Perseroan, dapat dibuktikan dari:                     (GCG) principles can be seen in:

•   Peningkatan skala usaha, yang menunjukkan                        •   An increase in business scale, which indicates
    pertumbuhan dan ekspansi bisnis yang berkelanjutan.                  sustainable business growth and expansion.

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Ikhtisar Kinerja                 Laporan Manajemen             Profil Perusahaan             Analisis dan Pembahasan Manajemen
Highlights Performance           Management Report             Company Profile               Management Discussion and Analysis




•     Kapitalisasi usaha yang semakin solid, mencerminkan     •   Increasingly solid business capitalization, reflecting the
      kepercayaan pasar dan pemangku kepentingan.                 confidence of the market and stakeholders.

•     Kinerja Perseroan yang terus menunjukkan tren positif   •   The Company’s performance continues to show
      dari waktu ke waktu, baik dalam aspek operasional           a positive trend over time, both in operational and
      maupun finansial.                                           financial aspects.

Pencapaian tersebut membuktikan bahwasanya GCG                These achievements prove that GCG is not only an ethical
bukan hanya sekedar landasan etika dalam kegiatan             foundation for business activities but also a key driver of
bisnis melainkan juga penggerak utama pertumbuhan dan         the Company’s growth and sustainability.
keberlanjutan Perusahaan.




Rapat Umum Pemegang Saham (RUPS)
General Meeting of Shareholders (GMS)


Rapat Umum Pemegang Saham (RUPS) merupakan                    The General Meeting of Shareholders (GMS) is the highest
forum tertinggi pada struktur tata kelola perusahaan yang     forum in the corporate governance structure that serves
berfungsi sebagai wadah para Pemegang Saham untuk             as a forum for Shareholders to exercise their rights in
dapat menggunakan haknya dalam pengambilan keputusan          strategic decision-making. The GMS has the highest
strategis. RUPS memiliki wewenang tertinggi dalam             authority in the Company, apart from the authority granted
Perseroan, di luar kewenangan yang diberikan kepada           to the Board of Commissioners and the Board of Directors,
Dewan Komisaris dan Direksi, sebagaimana diatur dalam         as stipulated in laws and regulations and the Articles of
peraturan perundang-undangan dan Anggaran Dasar.              Association. In addition, the Annual GMS serves as a
Selain itu, RUPS berperan sebagai sarana komunikasi           means of communication between shareholders and the
bagi Pemegang Saham dengan Dewan Komisaris dan                Board of Commissioners and Board of Directors to convey
Direksi guna menyampaikan pertanggungjawaban atas             accountability for the implementation of tasks and the
pelaksanaan tugas serta capaian kinerja Perseroan.            Company’s performance achievements.

Hak dan Proses Pengambilan Keputusan                          Rights and Resolution Process

Seluruh Pemegang Saham memiliki hak yang setara               All Shareholders have equal rights in the Annual GMS,
dalam RUPS, baik mayoritas maupun minoritas. Hak              whether they are majority or minority shareholders. These
tersebut digunakan untuk memutuskan hal-hal strategis         rights are used to decide on strategic matters that affect
yang berpengaruh pada keberlanjutan usaha dengan              the sustainability of the business through a decision-
mekanisme pengambilan keputusan melalui musyawarah            making mechanism involving deliberation and voting. The
maupun pemungutan suara. RUPS diikuti oleh Pemegang           Annual GMS is attended by Shareholders who are present
Saham yang hadir langsung maupun melalui perwakilan           in person or through a legal representative in accordance
yang sah sesuai ketentuan:                                    with the following provisions:

•     Pemegang Saham berhak mengajukan pertanyaan             •   Shareholders have the right to ask questions related to
      terkait agenda rapat.                                       the meeting agenda.

•     Direksi, Dewan Komisaris, atau perwakilan lain yang     •   The Board of Directors, Board of Commissioners,
      berwenang wajib memberikan jawaban memadai atas             or other authorized representatives are required to
      pertanyaan yang diajukan.                                   provide adequate answers to the questions raised.

Perlindungan Pemegang Saham Minoritas                         Protection of Minority Shareholders

Dalam rangka menjamin terpenuhinya hak Pemegang               In order to ensure that the rights of minority shareholders
Saham minoritas, Perseroan menerapkan mekanisme               are fulfilled, the Company implements a mechanism
dengan melibatkan Komisaris Independen. Komisaris             involving Independent Commissioners. These Independent
Independen tersebut bertanggung jawab untuk menjaga           Commissioners are responsible for safeguarding the interests
kepentingan Pemegang Saham minoritas agar dapat               of minority shareholders so that they are fulfilled, both in
terpenuhi, baik dalam pengambilan keputusan maupun            resolutions and in conveying constructive ideas.
dalam menyalurkan gagasan yang bersifat konstruktif.




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       Tata Kelola Perusahaan           Laporan Keberlanjutan
       Good Corporate Governance        Sustainability Report




Jenis RUPS                                                           Types of Annual GMS

RUPS terdiri dari Rapat Umum Pemegang Saham Tahunan                  The GMS consists of the Annual General Meeting of
(RUPST) dan Rapat Umum Pemegang Saham Luar Biasa                     Shareholders (AGMS) and the Extraordinary General
(RUPSLB). RUPST wajib diselenggarakan setiap tahun                   Meeting of Shareholders (EGMS). AGMS must be held
paling lambat 6 (enam) bulan setelah ditutupnya tahun buku           every year no later than 6 (six) months after the close
Perseroan, sedangkan RUPSLB dapat diadakan sewaktu-                  of the Company's financial year, while EGMS may be
waktu sesuai kebutuhan Perseroan. Proses pelaksanaan                 held at any time as required by the Company. The GMS
RUPS disesuaikan dengan mekanisme yang tercantum                     implementation process is adjusted to the mechanisms
dalam POJK No. 15/POJK.04/2020 dan POJK No. 16/                      set out in POJK No. 15/POJK.04/2020 and POJK No. 16/
POJK.04/2020.                                                        POJK.04/2020.

Mekanisme Penyelenggaraan RUPS Tahunan                               Mechanism for Holding Annual GMS

Mekanisme Penyelenggaraan RUPS Perseroan, baik                       The mechanism for holding the Company’s GMS, both
RUPST maupun RUPSLB berlandaskan pada ketentuan                      Annual GMS and Extraordinary GMS, is based on the
POJK No. 15/POJK.04/2020 tentang Rencana dan                         provisions of POJK No. 15/POJK.04/2020 concerning
Penyelenggaraan Rapat Umum Pemegang Saham                            the Plan and Implementation of General Meetings of
Perusahaan Terbuka, serta POJK No. 16/POJK.04/2020                   Shareholders of Public Companies, as well as POJK No. 16/
tentang Pelaksanaan Rapat Umum Pemegang Saham                        POJK.04/2020 concerning the Implementation of Electronic
Perusahaan Terbuka Secara Elektronik.                                General Meetings of Shareholders of Public Companies.

Sehingga     mekanisme        penyelenggaraan    RUPS      terdiri   Therefore, the mechanism for holding the Annual GMS
dari:                                                                consists of:

1. Pengumuman RUPS                                                   1. Announcement of the Annual GMS

   Perseroan     wajib    menyampaikan   pengumuman                     The Company is required to issue an announcement
   penyelenggaraan RUPS kepada Pemegang Saham                           regarding the conduct of the Annual GMS to
   paling lambat 15 hari sejak diterimanya permintaan                   shareholders no later than 15 days from the receipt
   penyelenggaraan RUPS, sebagaimana diatur dalam                       of the request for the conduct of the Annual GMS, as
   Pasal 3 ayat (1) POJK 15/2020.                                       stipulated in Article 3(1) of POJK 15/2020.

2. Pemanggilan RUPS                                                  2. GSM Summons

   Pemanggilan kepada Pemegang Saham dilakukan paling                   The summons to shareholders must be issued no
   lambat 21 hari sebelum tanggal RUPS, tidak termasuk                  later than 21 days before the date of the Annual GMS,
   tanggal pemanggilan dan tanggal pelaksanaan RUPS.                    excluding the date of the summons and the date of the
                                                                        Annual GMS.
   Melalui mekanisme tersebut, prinsip transparansi,
   keterbukaan informasi, serta kepatuhan Perseroan                     Through this mechanism, the principles of transparency,
   terhadap regulasi dapat dijaga, sehingga memungkinkan                information disclosure, and the Company’s compliance
   partisipasi dan keterlibatan dari seluruh Pemegang                   with regulations can be maintained, thereby enabling
   Saham dalam proses pengambilan keputusan strategis                   the participation and involvement of all Shareholders in
   Perseroan.                                                           the Company’s strategic resolution-making process.

Tata Tertib RUPS                                                     GSM Rules of Procedure

Tata Tertib RUPS Perseroan diatur dalam Anggaran Dasar               The Company’s Annual GMS Rules are regulated in the
Perseroan dan POJK No. 15/POJK.04/2020, dengan aturan                Company’s Articles of Association and POJK No. 15/
sebagai berikut:                                                     POJK.04/2020, with the following rules:

1. Permintaan Penyelenggaraan RUPS                                   1. Request for the Holding of an Annual GMS

   •    RUPS dapat diadakan atas permintaan:                            •   An Annual GMS may be held upon request by:

        −   1 (satu) orang atau lebih Pemegang Saham yang                   −   1 (one) or more Shareholders who collectively
            secara kolektif mewakili 1/10 (satu per sepuluh)                    represent 1/10 (one tenth) or more of all
            atau lebih dari seluruh saham dengan hak suara.                     voting shares.

        −   Dewan Komisaris, sesuai kebutuhan.                              −   The Board of Commissioners, as necessary.




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Ikhtisar Kinerja                      Laporan Manajemen                Profil Perusahaan              Analisis dan Pembahasan Manajemen
Highlights Performance                Management Report                Company Profile                Management Discussion and Analysis




2. Kuorum Kehadiran                                                  2. Quorum

      •   RUPS dapat berlangsung jika lebih dari ½ (satu per              •    An Annual GMS may proceed if more than ½
          dua) jumlah seluruh saham dengan hak suara hadir                     (one-half) of the total voting shares are present
          atau diwakili.                                                       or represented.

3. Mekanisme Pengambilan Keputusan                                   3. Decision-Making Mechanism for Resolutions

      •   Keputusan rapat diupayakan melalui musyawarah                   •    Resolutions at the meeting shall be made through
          untuk mufakat.                                                       deliberation to reach consensus.

      •   Jika mufakat tidak tercapai, keputusan dilakukan                •    If consensus cannot be reached, resolutions
          melalui pemungutan suara (voting), baik secara                       are made through voting, either physically or
          fisik maupun elektronik melalui platform eASY.KSEI,                  electronically through the eASY.KSEI platform,
          dengan penghitungan suara dilakukan oleh Biro                        with votes counted by an independent Securities
          Administrasi Efek independen.                                        Administration Bureau.

      •   Keputusan dianggap sah jika disetujui oleh lebih                •    Resolutions are considered valid if approved by
          dari ½ (satu per dua) jumlah saham dengan hak                        more than ½ (one half) of the total number of voting
          suara yang hadir.                                                    shares present.

4. Hak Pemegang Saham                                                4. Shareholder Rights

      •   Pemegang Saham atau kuasanya diberikan                          •    Shareholders or their proxies are given the
          kesempatan untuk mengajukan pertanyaan dan/                          opportunity to ask questions and/or express their
          atau menyampaikan pendapat terkait agenda rapat.                     opinions regarding the meeting agenda.

          Aturan tersebut memastikan RUPS berjalan                             These rules ensure that the Annual GMS is conducted
          transparan, akuntabel, serta sesuai dengan prinsip-                  transparently, accountably, and in accordance with
          prinsip tata kelola perusahaan yang baik.                            the principles of good corporate governance.

Pelaksanaan RUPS Tahun 2025                                          Implementation of the 2025 Annual GMS

Sepanjang tahun 2025, Perseroan telah menyelenggarakan               Throughout 2025, the Company held 3 (three) GMS,
3 (tiga) kali RUPS, yaitu RUPST dan RUPSLB yang                      namely the AGMS and EGMS held on 26 March 2025,
diselenggarakan pada tanggal 26 Maret            2025,               and the EGMS held on 1 October 2025.
serta RUPSLB yang diselenggarakan pada tanggal
1 Oktober 2025.

RUPST Tahun 2025                                                     2025 Annual GMS
Berikut adalah           tahapan   pelaksanaan        dari   RUPST   The following are the stages of the 2025 Annual GMS:
tahun 2025:

 Keterangan                                                          RUPST
 Description                                                         Annual GMS

 Pemberitahuan Penyelenggaraan RUPS kepada Regulator                 10 Februari 2025
 Notice of the Annual GMS to the Regulator                           10 February 2025

 Pengumuman RUPS                                                     17 Februari 2025
 Announcement of the Annual GMS                                      17 February 2025

 Pemanggilan RUPS                                                    4 Maret 2025
 Annual GMS Summons                                                  4 March 2025

 Penyelenggaraan RUPS                                                26 Maret 2025
 Holding of the Annual GMS                                           26 March 2025

 Pengumuman Ringkasan Risalah RUPS                                   8 April 2025
 Announcement of Summary of Annual GMS Minutes

 Penyampaian Risalah RUPS kepada OJK dan BEI                         22 April 2025
 Submission of the Annual GMS Minutes to the OJK and IDX




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          Tata Kelola Perusahaan                Laporan Keberlanjutan
          Good Corporate Governance             Sustainability Report




Pelaksanaan RUPST tahun 2025
Conduct of the 2025 Annual GMS

 Keterangan                                 RUPST
 Description                                Annual GMS

 Pimpinan Rapat                             Bapak Mr. Zainal Hadi Haji Abdussamad Sulaiman Haji Basirun
 Meeting Chairperson

 Kuorum Kehadiran                           1.974.970.100 saham atau mewakili 75,2% dari seluruh jumlah saham.
 Quorum                                     1,974,970,100 shares or representing 75.2% of the total number of shares.

 Kehadiran Direksi dan Dewan Komisaris      Dewan Komisaris Board of Commissioner:
 Attendance of the Board of Directors and   − Komisaris Utama President Commissioner		      : Bapak Mr. Zainal Hadi Haji Abdussamad Sulaiman
 Board of Commissioners                         					 Haji Basirun
                                            − Komisaris Commissioner			: Bapak Mr. Iwanho
                                            − Komisaris Independen Independent Commissioner : Bapak Mr. Nur Prasetyo
                                            Direksi Board of Directors
                                            − Direktur Utama President Director		           : Ibu Mrs. Jayanti Sari
                                            − Direktur Director				: Bapak Mr. Rahmad Pudjotomo
                                            − Direktur Director				: Ibu Mrs. Laorentina Devi
                                            − Direktur Director				: Bapak Mr. Rickie

 Pihak Independen untuk melakukan           PT Adimitra Jasa Korpora
 proses penghitungan suara dan
 validasinya
 Independent Party to conduct the vote
 counting and validation process

 Jumlah Pemegang Saham yang Bertanya        Terdapat 3 pemegang saham yang mengajukan pernyataan terkait dengan mata acara Rapat.
 Number of Shareholders Asking Questions    There are 3 shareholders who submitted statements related to the agenda of the Meeting.

 Mekanisme Pengambilan Keputusan            Keputusan Rapat dilakukan dengan cara musyawarah untuk mufakat. Apabila musyawarah untuk mufakat tidak
 Decision-making mechanism for              tercapai, maka dilakukan pemungutan suara.
 resolutions                                Resolutions are made through deliberation to reach consensus. If consensus cannot be reached, a vote is
                                            taken.




Keputusan RUPST Tahun 2025
Resolutions of the 2025 Annual GMS

 Mata Acara Rapat Pertama
 First Meeting Agenda

 Persetujuan Laporan Tahunan dan Laporan Keuangan Tahunan.
 Approval of the Annual Report and Annual Financial Statements.

 −   Pengesahan Laporan Keuangan Konsolidasian Perseroan untuk tahun buku yang. berakhir pada tanggal 31 Desember 2024; dan
     Approval of the Company's Consolidated Financial Statements for the financial year ending on 31 December 2024; and
 −   Pengesahan Laporan Tugas Pengurusan dan Pengawasan Perseroan oleh Direksi dan Dewan Komisaris Perseroan selama tahun buku yang berakhir
     pada Tanggal 31 Desember 2024.
     Approval of the Company's Management and Supervision Report by the Company's Board of Directors and Board of Commissioners for the financial
     year ending on 31 December 2024.

 Setuju                                             Abstain                                             Tidak Setuju
 Agree                                                                                                  Disagree

 1.974.970.100 suara atau mewakili 100%             0 suara atau mewakili 0%                            0 suara atau mewakili 0%
 1,974,970,100 votes or representing 100%           0 votes or representing 0%                          0 votes or representing 0%

 Keputusan Rapat:
 Meeting Resolutions:

 Menyetujui Laporan Tahunan Perseroan yang terdiri dari:
 Approved the Company's Annual Report consisting of:
 1. Menyetujui Laporan Keuangan Konsolidasian Perseroan untuk tahun buku yang berakhir pada tanggal 31 Desember 2024; dan
    Approving the Company's Consolidated Financial Statements for the financial year ending 31 December 2024; and
 2. Mengesahkan Laporan Tugas Pengurusan dan Pengawasan Perseroan oleh Direksi dan Dewan Komisaris Perseroan selama tahun buku yang berakhir
    pada tanggal 31 Desember 2024 serta memberikan pelunasan dan pembebasan tanggung jawab sepenuhnya (acquit et de charge) kepada segenap
    anggota Dewan Komisaris dan Direksi atas tindakan pengurusan yang telah dijalankan selama tahun buku 2024.
    Approving the Company's Management and Supervision Report by the Company's Board of Directors and Board of Commissioners for the financial
    year ending on 31 December 2024, and granting full acquittal and discharge (acquit et de charge) to all members of the Board of Commissioners and
    Board of Directors for the management actions carried out during the 2024 financial year.

 Status Pelaksanaan                                 Terlaksana
 Implementation Status                              Implemented


 Mata Acara Rapat Kedua
 Second Meeting Agenda

 Penetapan Penggunaan Laba Bersih Perseroan untuk tahun buku yang berakhir pada tanggal 31 Desember 2024.
 Determination of the Use of the Company's Net Profit for the financial year ending on 31 December 2024:

 Setuju                                             Abstain                                             Tidak Setuju
 Agree                                                                                                  Disagree

 1.974.970.100 suara atau mewakili 100%             0 suara atau mewakili 0%                            0 suara atau mewakili 0%
 1,974,970,100 votes or representing 100%           0 votes or representing 0%                          0 votes or representing 0%



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Ikhtisar Kinerja                         Laporan Manajemen                        Profil Perusahaan                     Analisis dan Pembahasan Manajemen
Highlights Performance                   Management Report                        Company Profile                       Management Discussion and Analysis




 Keputusan Rapat:
 Meeting Resolutions:

 1. Menetapkan penggunaan laba bersih atau Laba Tahun Berjalan yang Dapat Diatribusikan kepada Pemilik Entitas Induk Perseroan sesuai dengan
    Laporan Keuangan Konsolidasian Perseroan untuk tahun buku yang berakhir pada tanggal 31 Desember 2024 untuk digunakan sebagai berikut:
    To determine the use of net profit or Current Year Profit Attributable to Owners of the Parent Entity of the Company in accordance with the Company's
    Consolidated Financial Statements for the financial year ending on 31 December 2024, to be used as follows:
    a. Sebesar 33,33920% (tiga puluh tiga koma tiga tiga sembilan dua nol persen) atau Rp40.357.308.499 (empat puluh miliar tiga ratus lima puluh tujuh
        juta tiga ratus delapan ribu empat ratus sembilan puluh sembilan Rupiah) ditetapkan sebagai dividen tunai atau Rp15,37 (lima belas koma tiga puluh
        tujuh Rupiah) per lembar saham; dan
        33.33920% (thirty-three point three three nine two zero percent) or Rp40,357,308,499 (forty billion three hundred fifty-seven million three hundred
        eight thousand four hundred ninety-nine Rupiah) is designated as cash dividends or Rp 15.37 (fifteen point three seventy Rupiah) per share; and
    b. Sebesar 66,66080% (enam puluh enam koma enam enam nol delapan nol persen) atau Rp80.693.327.665 (delapan puluh miliar enam ratus
        sembilan puluh tiga juta tiga ratus dua puluh tujuh ribu enam ratus enam puluh lima Rupiah) sebagai Saldo Laba Ditahan.
        66.66080% (sixty-six point six six zero eight zero percent) or Rp80,693,327,665 (eighty billion six hundred ninety-three million three hundred
        twenty-seven thousand six hundred sixty-five Rupiah) as Retained Earnings.
 2. Menyetujui memberikan wewenang dan kuasa kepada Direksi Perseroan dengan hak substitusi untuk mengatur lebih lanjut mengenai tata cara dan
    pelaksanaan pembagian dividen tunai tersebut sesuai dengan ketentuan yang berlaku.
    Approving the granting of authority and power to the Company's Board of Directors with the right of substitution to further regulate the procedures
    and implementation of the cash dividend distribution in accordance with applicable regulations.

 Status Pelaksanaan                                  Terlaksana
 Implementation Status                               Implemented


 Mata Acara Rapat Ketiga
 Third Meeting Agenda

 Penetapan Remunerasi bagi seluruh anggota Dewan Komisaris dan Anggota Direksi untuk tahun 2025.
 Determination of remuneration for all members of the Board of Commissioners and Members of the Board of Directors of for the year 2025.

 Setuju                                              Abstain                                             Tidak Setuju
 Agree                                                                                                   Disagree

 1.974.968.100 suara atau mewakili 99,9999%          0 suara atau mewakili 0%                            2.000 suara atau mewakili 0,0001%
 1,974,968,100 votes or representing 99.9999%        0 votes or representing 0%                          2,000 votes or representing 0.0001%

 Keputusan Rapat:
 Meeting Resolutions:

 Memberi dan menyetujui pemberian wewenang dan kuasa kepada Dewan Komisaris Perseroan untuk menetapkan besarnya remunerasi Dewan Komisaris
 dan Direksi Perseroan untuk tahun 2025 melalui Rapat Dewan Komisaris.
 Granting and approving the authority and power to the Board of Commissioners of the Company to determine the amount of remuneration for the Board of
 Commissioners and Board of Directors of the Company for the year 2025 through a Board of Commissioners Meeting.

 Status Pelaksanaan                                  Terlaksana
 Implementation Status                               Implemented


 Mata Acara Rapat Keempat
 Fourth Meeting Agenda

 Penunjukan Akuntan Publik untuk melakukan audit atas Laporan Keuangan Perseroan tahun buku yang berakhir pada tanggal 31 Desember 2025.
 Appointment of a Public Accountant to audit the Company's Financial Statements for the financial year ending 31 December 2025.

 Setuju                                              Abstain                                             Tidak Setuju
 Agree                                                                                                   Disagree

 1.963.533.100 suara atau mewakili 99,4209%          0 suara atau mewakili 0%                            11.437.000 suara atau mewakili 0,5791%
 1,963,533,100 votes or representing 99.4209%        0 votes or representing 0%                          11,437,000 votes or representing 0.5791%

 Keputusan Rapat:
 Meeting Resolutions:

 1. Memberikan kuasa kepada Dewan Komisaris melalui Rapat Dewan Komisaris untuk menunjuk Kantor Akuntan Publik untuk melakukan audit atas
    Laporan Keuangan Perseroan Tahun Buku 2025; dan
    Authorize the Board of Commissioners through a Board of Commissioners Meeting to appoint a Public Accounting Firm to audit the Company's
    Financial Statements for the 2025 Financial Year; and
 2. Memberikan wewenang kepada Direksi Perseroan untuk menetapkan jumlah honorarium dan persyaratan lainnya sehubungan dengan penunjukan
    Kantor Akuntan Publik tersebut sesuai dengan ketentuan yang berlaku.
    Authorize the Company's Board of Directors to determine the amount of honorarium and other requirements related to the appointment of the Public
    Accounting Firm in accordance with applicable regulations.

 Status Pelaksanaan                                  Terlaksana
 Implementation Status                               Implemented




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          Tata Kelola Perusahaan                Laporan Keberlanjutan
          Good Corporate Governance             Sustainability Report




RUPSLB Tanggal 26 Maret 2025                                                   Extraordinary GMS on 26 March 2025
Berikut adalah           tahapan      pelaksanaan       dari    RUPSLB         The following are the implementation stages of the 2025
tahun 2025:                                                                    Extraordinary GMS:

 Keterangan                                                                      RUPSLB
 Description                                                                     Extraordinary GMS

 Pemberitahuan Penyelenggaraan RUPS kepada Regulator                             10 Februari 2025
 Notice of the Annual GMS to the Regulator                                       10 February 2025

 Pengumuman RUPS                                                                 17 Februari 2025
 Announcement of the Annual GMS                                                  17 February 2025

 Pemanggilan RUPS                                                                4 Maret 2025
 Annual GMS Summons                                                              4 March 2025

 Penyelenggaraan RUPS                                                            26 Maret 2025
 Holding of the Annual GMS                                                       26 March 2025

 Pengumuman Ringkasan Risalah RUPS                                               8 April 2025
 Announcement of Summary of Annual GMS Minutes

 Penyampaian Risalah RUPS kepada OJK dan BEI                                     22 April 2025
 Submission of the Annual GMS Minutes to the OJK and IDX




Pelaksanaan RUPSLB Tanggal 26 Maret 2025
Conduct of the Extraordinary GMS on 26 March 2025

 Keterangan                                 RUPSLB
 Description                                Extraordinary GMS

 Pimpinan Rapat                             Bapak Mr. Zainal Hadi Haji Abdussamad Sulaiman Haji Basirun
 Meeting Chairperson

 Kuorum Kehadiran                           1.994.038.200 saham atau mewakili 75,93% dari seluruh jumlah saham.
 Quorum                                     1,994,038,200 shares or representing 75.93% of the total number of shares.

 Kehadiran Direksi dan Dewan Komisaris      Dewan Komisaris Board of Commissioner:
 Attendance of the Board of Directors and   − Komisaris Utama President Commissioner		      : Bapak Mr. Zainal Hadi Haji Abdussamad Sulaiman
 Board of Commissioners                         					 Haji Basirun
                                            − Komisaris Commissioner			: Bapak Mr. Iwanho
                                            − Komisaris Independen Independent Commissioner : Bapak Mr. Nur Prasetyo
                                            Direksi Board of Directors
                                            − Direktur Utama President Director		           : Ibu Mrs. Jayanti Sari
                                            − Direktur Director				: Bapak Mr. Rahmad Pudjotomo
                                            − Direktur Director				: Ibu Mrs. Laorentina Devi
                                            − Direktur Director				: Bapak Mr. Rickie

 Pihak Independen untuk melakukan           PT Adimitra Jasa Korpora
 proses penghitungan suara dan
 validasinya
 Independent Party to conduct the vote
 counting and validation process

 Jumlah Pemegang Saham yang Bertanya        0
 Number of Shareholders Asking Questions

 Mekanisme Pengambilan Keputusan            Keputusan Rapat dilakukan dengan cara musyawarah untuk mufakat. Apabila musyawarah untuk mufakat tidak
 Decision-making mechanism for              tercapai, maka dilakukan pemungutan suara.
 resolutions                                Resolutions are made through deliberation to reach consensus. If consensus cannot be reached, a vote is taken.




Keputusan RUPSLB Tanggal 26 Maret 2025
Resolutions of the Extraordinary GMS on 26 March 2025

 Mata Acara Rapat Pertama
 First Meeting Agenda

 Persetujuan perubahan Ayat 2 Pasal 15 Anggaran Dasar Perseroan perihal Direksi.
 Approval of amendments to Paragraph 2 of Article 15 of the Company's Articles of Association regarding the Board of Directors.

 Setuju                                             Abstain                                             Tidak Setuju
 Agree                                                                                                  Disagree

 1.994.038.100 suara atau mewakili 99,99999%        0 suara atau mewakili 0%                            100 suara atau mewakili 0,00001%
 1,994,03 8,100 votes or representing 99.99999 %    0 votes or representing 0%                          100 votes or representing 0.00001%

 Keputusan Rapat:
 Meeting Resolutions:




Laporan Tahunan Annual Report 2025                                                                                                                     125
Page 128
Ikhtisar Kinerja                           Laporan Manajemen                        Profil Perusahaan                       Analisis dan Pembahasan Manajemen
Highlights Performance                     Management Report                        Company Profile                         Management Discussion and Analysis




 1. Menyetujui perubahan Ayat 2 Pasal 15 Anggaran Dasar Perseroan perihal Direksi, selanjutnya ayat pada pasal tersebut berbunyi dan dibaca sebagai
    berikut:
    Approved the amendment to Paragraph 2 of Article 15 of the Company's Articles of Association regarding the Board of Directors, whereby the
    paragraph in the article shall read as follows:
    DIREKSI BOARD OF DIRECTORS
    PASAL 15 ARTICLE 15
 2. Anggota Direksi diangkat oleh RUPS, untuk jangka waktu 3 (tiga) tahun terhitung sejak RUPS yang mengangkat mereka, sampai dengan penutupan
    RUPS pada akhir 1 (satu) periode masa jabatan tersebut dan dengan tidak mengurangi hak RUPS untuk memberhentikan mereka sewaktu-waktu
    dengan memperhatikan ketentuan peraturan perundang-undangan yang berlaku.
    Members of the Board of Directors are appointed by the Annual GMS for a term of 3 (three) years from the date of the Annual GMS that appointed
    them, until the closing of the Annual GMS at the end of 1 (one) term of office, without prejudice to the right of the Annual GMS to dismiss them at any
    time in accordance with the provisions of the applicable laws and regulations.
    Orang perseorangan yang menduduki jabatan sebagai anggota Direksi setelah masa jabatannya berakhir dapat diangkat kembali sesuai dengan
    keputusan RUPS.
    Individuals who hold the position of member of the Board of Directors after their term of office has ended may be reappointed in accordance with the
    Resolution of the Annual GMS.

 Status Pelaksanaan                                    Terlaksana
 Implementation Status                                 Implemented


 Mata Acara Rapat Kedua
 Second Meeting Agenda

 Persetujuan penambahan Ayat 8 Pasal 16 Anggaran Dasar Perseroan perihal Tugas dan Wewenang Direksi.
 Approval of the addition of Paragraph 8 of Article 16 of the Company's Articles of Association regarding the Duties and Authorities of the Board of Directors.

 Setuju                                                Abstain                                               Tidak Setuju
 Agree                                                                                                       Disagree

 1.982.601.100 suara atau mewakili 99,42644%           0 suara atau mewakili 0%                              11.437.100 suara atau mewakili 0,57356%
 1,982.60 1,100 votes or representing 99.42644%        0 votes or representing 0%                            11,437,100 votes or representing 0.57356%

 Keputusan Rapat:
 Meeting Resolutions:

 Memutuskan dan menyetujui penambahan Ayat 8 Pasal 16 Anggaran Dasar Perseroan perihal Tugas dan Wewenang Direksi, selanjutnya ayat pada pasal
 tersebut berbunyi dan dibaca sebagai berikut:
 Resolved and approved the addition of Paragraph 8 of Article 16 of the Company's Articles of Association regarding the Duties and Authorities of the
 Board of Directors, whereby the paragraph in the article reads as follows:
 TUGAS DAN WEWENANG DIREKSI DUTIES AND AUTHORITY OF THE BOARD OF DIRECTORS
 PASAL 16 ARTICLE 16
 8. Dalam hal Perseroan memiliki lebih dari 1 (satu) orang anggota Direksi dan hendak untuk mengikat Perseroan dengan pihak lain dan pihak lain dengan
 perseroan, maka pengikatan tersebut harus ditandatangani oleh 2 (dua) orang anggota Direksi.
 8. In the event that the Company has more than 1 (one) member of the Board of Directors and wishes to bind the Company to another party and the other
 party to the Company, such binding must be signed by 2 (two) members of the Board of Directors.

 Status Pelaksanaan                                    Terlaksana
 Implementation Status                                 Implemented


 Mata Acara Rapat Ketiga
 Third Meeting Agenda

 Persetujuan perubahan Ayat 2 Pasal 18 Anggaran Dasar Perseroan perihal Dewan Komisaris.
 Approval of amendments to Paragraph 2 of Article 18 of the Company's Articles of Association regarding the Board of Commissioners.

 Setuju                                                Abstain                                               Tidak Setuju
 Agree                                                                                                       Disagree

 1.994.038.100 suara atau mewakili 99,99999%           0 suara atau mewakili 0%                              100 suara atau mewakili 0,00001%
 1,994,03 8,100 votes or representing 99.99999 %       0 votes or representing 0%                            100 votes or representing 0.00001%

 Keputusan Rapat:
 Meeting Resolutions:

 Menyetujui perubahan ayat 2 Pasal 18 Anggaran Dasar Perseroan perihal Dewan Komisaris, yang sebelumnya masa jabatan Anggota Dewan Komisaris
 untuk jangka waktu 5 (lima) tahun menjadi 3 (tiga) tahun, selanjutnya ayat pada pasal tersebut berbunyi dan dibaca sebagai berikut:
 Approved the amendment to Paragraph 2 of Article 18 of the Company's Articles of Association regarding the Board of Commissioners, which previously
 stipulated that the term of office of Board of Commissioners members was 5 (five) years, now changed to 3 (three) years. The relevant clause in the
 article now reads as follows:
 DEWAN KOMISARIS BOARD OF COMMISSIONERS
 PASAL 18 ARTICLE 18
 2. Anggota Dewan Komisaris diangkat oleh RUPS, untuk jangka waktu 3 (tiga) tahun terhitung sejak RUPS yang mengangkat mereka, sampai dengan
 penutupan RUPS yang ketiga setelah tanggal pengangkatan mereka dan dengan tidak mengurangi hak RUPS untuk memberhentikannya sewaktu-waktu
 dengan memperhatikan ketentuan peraturan perundang-undangan yang berlaku.
 2. Members of the Board of Commissioners are appointed by the Annual GMS for a term of 3 (three) years starting from the Annual GMS that appointed
 them, until the closing of the third Annual GMS after the date of their appointment, without prejudice to the Annual GMS's right to dismiss them at any time
 in accordance with the applicable laws and regulations.

 Status Pelaksanaan                                    Terlaksana
 Implementation Status                                 Implemented




126                                                                                                                   PT Hasnur Internasional Shipping Tbk
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          Tata Kelola Perusahaan                Laporan Keberlanjutan
          Good Corporate Governance             Sustainability Report




RUPSLB Tanggal 1 Oktober 2025                                                  Extraordinary GMS on 1 October 2025
Berikut adalah tahapan pelaksanaan dari RUPSLB tanggal                         The following are the implementation stages of the
1 Oktober 2025:                                                                Extraordinary GMS on 1 October 2025:

 Keterangan                                                                      RUPSLB
 Description                                                                     Extraordinary GMS

 Pemberitahuan Penyelenggaraan RUPS kepada Regulator                             15 Agustus 2025
 Notice of the Annual GMS to the Regulator                                       15 August 2025

 Pengumuman RUPS                                                                 25 Agustus 2025
 Announcement of the Annual GMS                                                  25 August 2025

 Pemanggilan RUPS                                                                9 September 2025
 Annual GMS Summons

 Penyelenggaraan RUPS                                                            1 Oktober 2025
 Holding of the Annual GMS                                                       1 October 2025

 Pengumuman Ringkasan Risalah RUPS                                               3 Oktober 2025
 Announcement of Summary of Annual GMS Minutes                                   3 October 2025

 Penyampaian Risalah RUPS kepada OJK dan BEI                                     31 Oktober 2025
 Submission of the Annual GMS Minutes to the OJK and IDX                         31 October 2025




Pelaksanaan RUPSLB Tanggal 1 Oktober 2025
Conduct of the Extraordinary GMS on 1 October 2025

 Keterangan                                 RUPSLB
 Description                                Extraordinary GMS

 Pimpinan Rapat                             Bapak Mr. Zainal Hadi Haji Abdussamad Sulaiman Haji Basirun
 Meeting Chairperson

 Kuorum Kehadiran                           2.022.447.300 saham atau mewakili 77,01% dari seluruh jumlah saham.
 Quorum                                     2.022.447.300 saham atau mewakili 77,01% dari seluruh jumlah saham.

 Kehadiran Direksi dan Dewan Komisaris      Dewan Komisaris Board of Commissioner:
 Attendance of the Board of Directors and   − Komisaris Utama President Commissioner		      : Bapak Mr. Zainal Hadi Haji Abdussamad Sulaiman
 Board of Commissioners                         					 Haji Basirun
                                            − Komisaris Commissioner			: Bapak Mr. Iwanho
                                            − Komisaris Independen Independent Commissioner : Bapak Mr. Nur Prasetyo
                                            Direksi Board of Directors
                                            − Direktur Utama President Director		           : Ibu Mrs. Jayanti Sari
                                            − Direktur Director				: Bapak Mr. Rahmad Pudjotomo
                                            − Direktur Director				: Ibu Mrs. Laorentina Devi
                                            − Direktur Director				: Bapak Mr. Rickie

 Pihak Independen untuk melakukan           PT Adimitra Jasa Korpora
 proses penghitungan suara dan
 validasinya
 Independent Party to conduct the vote
 counting and validation process

 Jumlah Pemegang Saham yang Bertanya        Tidak terdapat pemegang saham yang mengajukan pernyataan terkait dengan mata acara Rapat.
 Number of Shareholders Asking Questions    No shareholders submitted statements related to the agenda of the Meeting.

 Mekanisme Pengambilan Keputusan            Keputusan Rapat dilakukan dengan cara musyawarah untuk mufakat. Apabila musyawarah untuk mufakat tidak
 Decision-making mechanism for              tercapai, maka dilakukan pemungutan suara.
 resolutions                                Resolutions are made through deliberation to reach consensus. If consensus cannot be reached, a vote is taken.




Keputusan RUPSLB Tanggal 1 Oktober 2025
Resolutions of the Extraordinary GMS on 1 October 2025

 Mata Acara Rapat Pertama
 First Meeting Agenda

 Persetujuan Perubahan Susunan Dewan Komisaris Perseroan.
 Approval of Changes to the Composition of the Company's Board of Commissioners.

 Setuju                                             Abstain                                             Tidak Setuju
 Agree                                                                                                  Disagree

 2.022.328.400 suara atau mewakili 99,99412%        4.900 suara atau mewakili 0,00024%                  114.000 suara atau mewakili 0,00564%
 2,022,328,400 votes or representing 99.99412%      4,900 votes or representing 0.00024%                114,000 votes or representing 0.00564%

 Keputusan Rapat:
 Meeting Resolutions:




Laporan Tahunan Annual Report 2025                                                                                                                     127
Page 130
Ikhtisar Kinerja                        Laporan Manajemen                       Profil Perusahaan                   Analisis dan Pembahasan Manajemen
Highlights Performance                  Management Report                       Company Profile                     Management Discussion and Analysis




 1. Menyetujui pengunduran diri Bapak Nur Prasetyo sebagai Komisaris Independen Perseroan efektif terhitung sejak ditutupnya Rapat ini, serta
    mengucapkan banyak terima kasih atas dedikasi dan kontribusi yang telah dilakukan selama menjabat sebagai Komisaris Independen Perseroan.
    To approve the resignation of Mr. Nur Prasetyo as Independent Commissioner of the Company, effective as of the closing of this Meeting, and to
    express our sincere gratitude for his dedication and contributions during his tenure as Independent Commissioner of the Company.
 2. Menyetujui untuk mengangkat Bapak Ir. Hendra Iskandar Lubis sebagai Komisaris Independen Perseroan untuk masa jabatan yang sama dengan
    anggota Dewan Komisaris lainnya terhitung sejak ditutupnya Rapat ini sampai dengan ditutupnya Rapat Umum Pemegang Saham Tahunan Perseroan,
    Tahun 2026 dengan tidak mengurangi hak Rapat Umum Pemegang Saham untuk memberhentikan anggota Dewan Komisaris tersebut sewaktu-waktu
    sebelum masa jabatannya berakhir, dengan memperhatikan ketentuan anggaran dasar Perseroan.
    Approved the appointment of Mr. Ir. Hendra Iskandar Lubis as Independent Commissioner of the Company for the same term as other members of
    the Board of Commissioners, effective from the closing of this Meeting until the closing of the Company's Annual General Meeting of Shareholders in
    2026, without prejudice to the right of the General Meeting of Shareholders to dismiss the member of the Board of Commissioners at any time before
    the end of his term of office, with due regard to the provisions of the Company's articles of association.
 3. Menyetujui pemberian dan pelimpahan wewenang kepada Dewan Komisaris Perseroan melalui Rapat Dewan Komisaris untuk menetapkan jumlah
    remunerasi dan/atau tunjangan anggota Dewan Komisaris yang baru diangkat dalam Rapat ini.
    To approve the granting and delegation of authority to the Board of Commissioners of the Company through the Board of Commissioners Meeting to
    determine the amount of remuneration and/or allowances for the members of the Board of Commissioners newly appointed at this Meeting.
 4. Adapun selanjutnya susunan selengkapnya Dewan Komisaris dan Direksi Perseroan adalah sebagai berikut:
    The complete composition of the Board of Commissioners and Board of Directors of the Company is as follows:
    Dewan Komisaris Board of Commissioner:
    Komisaris Utama President Commissioner		                 : Bapak Mr. Zainal Hadi HAS HB
    Komisaris Commissioner			: Bapak Mr. Iwanho
    Komisaris Independen Independent Commissioner            : Bapak Mr. Ir. Hendra Iskandar Lubis
    Direksi Board of Directors
    Direktur Utama President Director		                      : Ibu Mrs. Jayanti Sari
    Direktur Director				: Bapak Mr. Rahmad Pudjotomo
    Direktur Director				: Ibu Mrs. Laorentina Devi
    Direktur Director				: Bapak Mr. Rickie

 Status Pelaksanaan                                 Terlaksana
 Implementation Status                              Implemented




Keputusan RUPST Tahun Sebelumnya                                              Previous Year's Annual GMS Resolution
RUPST Tahun 2024                                                              2024 Annual GMS
Berikut adalah tahapan pelaksanaan dari RUPST tahun                           The following are the implementation stages of the 2024
2024:                                                                         Annual GMS:

 Keterangan                                                                     RUPST
 Description                                                                    Annual GMS

 Pemberitahuan Penyelenggaraan RUPS kepada Regulator                            15 Februari 2024
 Notice of the Annual GMS to the Regulator                                      15 February 2024

 Pengumuman RUPS                                                                22 Februari 2024
 Announcement of the Annual GMS                                                 22 February 2024

 Pemanggilan RUPS                                                               8 Maret 2024
 Annual GMS Summons                                                             8 March 2024

 Penyelenggaraan RUPS                                                           1 April 2024
 Holding of the Annual GMS

 Pengumuman Ringkasan Risalah RUPS                                              3 April 2024
 Announcement of Summary of Annual GMS Minutes

 Penyampaian Risalah RUPS kepada OJK dan BEI                                    16 April 2024
 Submission of the Annual GMS Minutes to the OJK and IDX




Pelaksanaan RUPST tahun 2024
Conduct of the 2024 Annual GMS

 Keterangan                                 RUPST
 Description                                Annual GMS

 Pimpinan Rapat                             Bapak Mr. Zainal Hadi Haji Abdussamad Sulaiman Haji Basirun
 Meeting Chairperson

 Kuorum Kehadiran                           1.676.609.300 saham atau 63,84% dari seluruh jumlah saham yang dikeluarkan Perseroan.
 Quorum                                     1,676,609,300 shares or 63.84% of the total number of shares issued by the Company.

 Kehadiran Direksi dan Dewan Komisaris      Dewan Komisaris Board of Commissioner:
 Attendance of the Board of Directors and   − Komisaris Utama President Commissioner		      : Bapak Mr. Zainal Hadi Haji Abdussamad Sulaiman
 Board of Commissioners                         					 Haji Basirun
                                            − Komisaris Commissioner			: Bapak Mr. Iwanho
                                            − Komisaris Independen Independent Commissioner : Bapak Mr. Nur Prasetyo
                                            Direksi Board of Directors
                                            − Direktur Utama President Director		           : Ibu Mrs. Jayanti Sari
                                            − Direktur Director				: Bapak Mr. Rahmad Pudjotomo
                                            − Direktur Director				: Ibu Mrs. Laorentina Devi
                                            − Direktur Director				: Bapak Mr. Rickie




128                                                                                                            PT Hasnur Internasional Shipping Tbk
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          Tata Kelola Perusahaan                Laporan Keberlanjutan
          Good Corporate Governance             Sustainability Report




 Pihak Independen untuk melakukan           PT Adimitra Jasa Korpora
 proses penghitungan suara dan
 validasinya
 Independent Party to conduct the vote
 counting and validation process

 Jumlah Pemegang Saham yang Bertanya        Tidak ada pemegang saham dan/atau kuasanya yang mengajukan pertanyaan dan/atau memberikan pendapat
 Number of Shareholders Asking Questions    atas mata acara Rapat.
                                            No shareholders submitted statements related to the agenda of the Meeting.

 Mekanisme Pengambilan Keputusan            Keputusan Rapat dilakukan dengan cara musyawarah untuk mufakat. Apabila musyawarah untuk mufakat tidak
 Decision-making mechanism for              tercapai, maka dilakukan pemungutan suara.
 resolutions                                Resolutions are made through deliberation to reach consensus. If consensus cannot be reached, a vote is taken.




Keputusan RUPST Tahun 2024
Resolutions of the 2024 Annual GMS

 Mata Acara Rapat Pertama
 First Meeting Agenda

 Persetujuan Laporan Tahunan dan Laporan Keuangan Tahunan.
 Approval of the Annual Report and Annual Financial Statements.

 −   Pengesahan Laporan Konsolidasian Perseroan untuk tahun buku yang berakhir pada tanggal 31 Desember 2023; dan
     Approval of the Company's Consolidated Financial Statements for the financial year ending on 31 December 2023; and
 −   Pengesahan Laporan Tugas Pengurusan dan Pengawasan Perseroan oleh Direksi dan Dewan Komisaris Perseroan selama tahun buku yang berakhir
     pada tanggal 31 Desember 2023.
     Approval of the Company's Management and Supervision Report by the Company's Board of Directors and Board of Commissioners for the financial
     year ending on 31 December 2023.

 Setuju                                             Abstain                                             Tidak Setuju
 Agree                                                                                                  Disagree

 1.676.609.300 suara atau mewakili 100%             0 suara atau mewakili 0%                            0 suara atau mewakili 0%
 1,676,609,300 votes or representing 100%           0 votes or representing 0%                          0 votes or representing 0%

 Keputusan Rapat:
 Meeting Resolutions:

 Menyetujui Laporan Tahunan Perseroan yang terdiri dari:
 Approved the Company's Annual Report consisting of:
 1. Menyetujui Laporan Keuangan Konsolidasian Perseroan untuk tahun buku yang berakhir pada tanggal 31 Desember 2023; dan
    Approving the Company's Consolidated Financial Statements for the financial year ending 31 December 2023; and
 2. Mengesahkan Laporan Tugas Pengurusan dan Pengawasan Perseroan oleh Direksi dan Dewan Komisaris Perseroan selama tahun buku yang berakhir
    pada tanggal 31 Desember 2023 serta memberikan pelunasan dan pembebasan tanggung jawab sepenuhnya (acquit et de charge) kepada segenap
    anggota Direksi atas tindakan pengurusan yang telah dijalankan selama tahun buku 2023.
    Approving the Company's Management and Supervision Report by the Company's Board of Directors and Board of Commissioners for the financial
    year ending on 31 December 2023, and granting full acquittal and discharge (acquit et de charge) to all members of the Board of Commissioners and
    Board of Directors for the management actions carried out during the 2023 financial year.

 Status Pelaksanaan                                 Terlaksana
 Implementation Status                              Implemented


 Mata Acara Rapat Kedua
 Second Meeting Agenda

 Penetapan Penggunaan Laba Bersih Perseroan untuk tahun buku yang berakhir pada tanggal 31 Desember 2023;
 Determination of the Use of the Company's Net Profit for the financial year ending on 31 December 2023;

 Setuju                                             Abstain                                             Tidak Setuju
 Agree                                                                                                  Disagree

 1.676.609.300 suara atau mewakili 100%             0 suara atau mewakili 0%                            0 suara atau mewakili 0%
 1,676,609,300 votes or representing 100%           0 votes or representing 0%                          0 votes or representing 0%

 Keputusan Rapat:
 Meeting Resolutions:




Laporan Tahunan Annual Report 2025                                                                                                                     129
Page 132
Ikhtisar Kinerja                         Laporan Manajemen                       Profil Perusahaan                     Analisis dan Pembahasan Manajemen
Highlights Performance                   Management Report                       Company Profile                       Management Discussion and Analysis




 1. Menetapkan penggunaan laba bersih atau Laba Tahun Berjalan yang Dapat Diatribusikan kepada Pemilik Entitas Induk Perseroan sesuai dengan
    Laporan Keuangan Konsolidasian Perseroan untuk tahun buku yang berakhir pada tanggal 31 Desember 2023 untuk digunakan sebagai berikut:
    To determine the use of net profit or Current Year Profit Attributable to Owners of the Parent Entity of the Company in accordance with the Company's
    Consolidated Financial Statements for the financial year ending on 31 December 2023 to be used as follows:
    a. Sebesar 1,89166% (satu koma delapan sembilan satu enam enam persen) atau Rp2.977.268.355,- (dua miliar sembilan ratus tujuh puluh tujuh juta
        dua ratus enam puluh delapan ribu tiga ratus lima puluh lima Rupiah) ditetapkan sebagai Cadangan Wajib untuk memenuhi ketentuan Pasal 70
        Undang Undang No. 40 tahun 2007 tentang Perseroan Terbatas;
        1.89166% (one point eight nine one six six percent) or Rp2,977,268,355 (two billion nine hundred seventy-seven million two hundred sixty-eight
        thousand three hundred fifty-five Rupiah) is designated as a Mandatory Reserve to comply with the provisions of Article 70 of Law No. 40 of 2007
        concerning the Company;
    b. Sebesar 33,33919% (tiga puluh tiga koma tiga tiga sembilan satu sembilan persen) atau Rp52.472.475.000,- (lima puluh dua miliar empat ratus
        tujuh puluh dua juta empat ratus tujuh puluh lima ribu Rupiah) ditetapkan sebagai dividen tunai atau Rp19,98 (sembilan belas koma sembilan
        delapan Rupiah) per lembar saham; dan
        33.33919% (thirty-three point three three nine one nine percent) or Rp52,472,475,000 (fifty-two billion four hundred seventy-two million four
        hundred seventy-five thousand Rupiah) is designated as cash dividends or Rp19.98 (nineteen point nine eight Rupiah) per share; and
    c. Sebesar 64,76915% (enam puluh empat koma tujuh enam sembilan satu lima persen) atau Rp101.940.001.307,- (seratus satu miliar sembilan ratus
        empat puluh juta seribu tiga ratus tujuh Rupiah) sebagai Saldo Laba Ditahan.
        64.76915% (sixty-four point seven six nine one five percent) or Rp101,940,001,307 (one hundred one billion nine hundred forty million one
        thousand three hundred seven Rupiah) as Retained Earnings.
 2. Menyetujui memberikan wewenang dan kuasa kepada Direksi Perseroan dengan hak substitusi untuk mengatur lebih lanjut mengenai tata cara dan
    pelaksanaan pembagian dividen tunai tersebut sesuai dengan ketentuan yang berlaku.
    Approving the granting of authority and power to the Company's Board of Directors with the right of substitution to further regulate the procedures
    and implementation of the cash dividend distribution in accordance with applicable regulations.

 Status Pelaksanaan                                 Terlaksana
 Implementation Status                              Implemented


 Mata Acara Rapat Ketiga
 Third Meeting Agenda

 Penetapan Remunerasi bagi seluruh anggota Dewan Komisaris dan anggota Direksi untuk tahun 2024; dan
 Determination of remuneration for all members of the Board of Commissioners and members of the Board of Directors for the year 2024; and

 Setuju                                             Abstain                                             Tidak Setuju
 Agree                                                                                                  Disagree

 1.676.590.300 suara atau mewakili 99,9989%         0 suara atau mewakili 0%                            0 suara atau mewakili 0%
 1,676,590,300 votes or representing 99.9989%       0 votes or representing 0%                          0 votes or representing 0%

 Keputusan Rapat:
 Meeting Resolutions:

 Memberi dan menyetujui pemberian wewenang dan kuasa kepada Dewan Komisaris Perseroan untuk menetapkan besarnya remunerasi anggota Dewan
 Komisaris dan anggota Direksi untuk tahun 2024 melalui Rapat Dewan Komisaris.
 Granting and approving the authority and power to the Board of Commissioners of the Company to determine the amount of remuneration for members of
 the Board of Commissioners and members of the Board of Directors for the year 2024 through a Board of Commissioners Meeting.

 Status Pelaksanaan                                 Terlaksana
 Implementation Status                              Implemented


 Mata Acara Rapat Keempat
 Fourth Meeting Agenda

 Penunjukan Akuntan Publik untuk melakukan audit atas Laporan Keuangan Perseroan tahun buku yang berakhir pada tanggal 31 Desember 2024.
 Appointment of a Public Accountant to conduct an audit of the Company's Financial Statements for the financial year ending 31 December 2024.

 Setuju                                             Abstain                                             Tidak Setuju
 Agree                                                                                                  Disagree

 1.676.609.300 suara atau mewakili 100%             0 suara atau mewakili 0%                            0 suara atau mewakili 0%
 1,676,609,300 votes or representing 100%           0 votes or representing 0%                          0 votes or representing 0%

 Keputusan Rapat:
 Meeting Resolutions:

 1. Memberikan kuasa kepada Dewan Komisaris melalui Rapat Dewan Komisaris untuk menunjuk Kantor Akuntan Publik yang akan melakukan audit
    Laporan Keuangan Konsolidasian Perseroan Tahun Buku 2024; dan
    To authorize the Board of Commissioners through the Board of Commissioners Meeting to appoint a Public Accounting Firm to audit the Company's
    Consolidated Financial Statements for the 2024 financial Year; and
 2. Memberikan wewenang kepada Direksi Perseroan untuk menetapkan jumlah honorarium dan persyaratan lainnya sehubungan dengan penunjukan
    Kantor Akuntan Publik tersebut sesuai dengan ketentuan yang berlaku.
    Authorizing the Company's Board of Directors to determine the amount of remuneration and other requirements related to the appointment of the
    Public Accounting Firm in accordance with applicable regulations.

 Status Pelaksanaan                                 Terlaksana
 Implementation Status                              Implemented




130                                                                                                              PT Hasnur Internasional Shipping Tbk
Page 133
      Tata Kelola Perusahaan         Laporan Keberlanjutan
      Good Corporate Governance      Sustainability Report




Direksi
Board of Directors


Direksi merupakan salah satu organ utama dalam struktur      The Board of Directors is one of the main organs in the
tata kelola Perseroan yang bertanggung jawab penuh           Company's governance structure that is fully responsible
atas pengurusan dan pengelolaan Perseroan di bawah           for the management and administration of the Company
pengawasan Dewan Komisaris. Direksi memiliki peran           under the supervision of the Board of Commissioners. The
dalam mewakili Perseroan, baik di dalam maupun di luar       Board of Directors has a role in representing the Company,
pengadilan sesuai dengan ketentuan yang tercantum            both in and out of court, in accordance with the provisions
dalam Anggaran Dasar dan peraturan perundang-                stated in the Articles of Association and applicable laws
undangan yang berlaku.                                       and regulations.

Dalam pelaksanaan tugasnya, Direksi harus memerhatikan       In carrying out its duties, the Board of Directors must
prinsip-prinsip Tata Kelola Perusahaan yang Baik             adhere to the principles of Good Corporate Governance
(Good Corporate Governance/GCG) untuk memastikan             (GCG) to ensure transparent, accountable, and highly
pengelolaan yang transparan, akuntabel, dan berintegritas    ethical management in order to achieve the Company's
tinggi, guna mencapai kepentingan dan tujuan perusahaan.     interests and objectives.

Pedoman Kerja Direksi                                        Board of Directors Charter

Pedoman Kerja (Board Manual) Dewan Komisaris dan Direksi     The Board of Commissioners Charter and the Board of
merupakan acuan utama Direksi dalam menjalankan tugas        Directors Charter are the main references for the Board
dan tanggung jawabnya sebagai pengurus dan pengelola         of Directors in carrying out its duties and responsibilities
Perseroan. Perseroan telah menetapkan Pedoman                as the management and administrators of the Company.
Kerja Dewan Komisaris dan Direksi yang telah disahkan        The Company has established the Board of Commissioners
melalui Surat Keputusan bersama Direksi dan Komisaris        Charter and Board of Directors Charter, which have been
Nomor 370/HIS-JKT/DIR-KOM-UM06/XI/2023. Pedoman              ratified through a joint Resolution of the Board of Directors
Kerja Direksi Perseroan antara lain berisikan:               and Board of Commissioners Number 370/HIS-JKT/DIR-
                                                             KOM-UM06/XI/2023. The Company's Board of Directors
                                                             Charter includes:

1. Persyaratan anggota Direksi;                              1. Requirements for members of the Board of Directors;

2. Rangkap jabatan;                                          2. Concurrent positions;

3. Masa jabatan dan pengangkatan serta pemberhentian         3. Term of office and appointment and dismissal of the
   Direksi;                                                     Board of Directors;

4. Tugas dan wewenang Direksi Perseroan;                     4. Duties and authorities of the Company's Board of
                                                                Directors;

5. Rapat Direksi Perseroan;                                  5. Company Board of Directors meetings;

6. Pelatihan;                                                6. Training;

7. Pelaporan dan pertanggungjawaban;                         7. Reporting and accountability;

8. Larangan; dan                                             8. Prohibitions; and

9. Lain-lain.                                                9. Others.

Masa Jabatan dan Komposisi Keanggotaan                       Term of Office and Composition of the Board of
Direksi Tahun 2025                                           Directors in 2025

Masa jabatan dan komposisi Direksi diatur dalam ketentuan    The term of office and composition of the Board of
Anggaran Dasar Perseroan. Sesuai dengan Anggaran             Directors are regulated in the Company's Articles of
Dasar Perseroan, komposisi anggota Direksi minimal terdiri   Association. In accordance with the Company's Articles
dari 2 (dua) orang anggota, di mana salah seorang anggota    of Association, the composition of the Board of Directors
di antaranya menjabat sebagai Direktur Utama. Untuk masa     shall consist of at least 2 (two) members, one of whom
jabatan, Direksi diangkat oleh RUPS, untuk jangka waktu      shall serve as President Director. The Board of Directors is
3 (tiga) tahun terhitung sejak RUPS yang mengangkat          appointed by the Annual GMS for a term of 3 (three) years
mereka, dan dapat diangkat kembali untuk periode jabatan     from the date of the Annual GMS that appointed them, and
berikutnya, dengan tidak mengurangi hak RUPS untuk           may be reappointed for the next term, without prejudice to
dapat memberhentikan mereka sewaktu-waktu.                   the Annual GMS's right to dismiss them at any time.

Laporan Tahunan Annual Report 2025                                                                                     131
Page 134
Ikhtisar Kinerja                        Laporan Manajemen                       Profil Perusahaan                    Analisis dan Pembahasan Manajemen
Highlights Performance                  Management Report                       Company Profile                      Management Discussion and Analysis




 Nama                    Jabatan     Dasar Pengangkatan                                                 Periode Jabatan
 Name                    Position    Basis of Appointment                                               Term of Office

 Jayanti Sari            Direktur    Akta No.9 berdasarkan hasil RUPSLB tanggal 10 Maret 2021           10 Maret 2021 – RUPST 2026 (Periode ke-2)
                         Utama       Certificate No. 9 based on the results of the Extraordinary GMS    10 March 2021 – 2026 Annual GMS (2nd Term)
                         President   on 10 March 2021
                         Director

 Rahmad Pudjotomo        Direktur    Akta No. 1 berdasarkan hasil RUPSLB tanggal 25 Oktober 2023        25 Oktober 2023 – RUPST 2026 (Periode ke-1)
                         Director    Deed No. 1 based on the results of the Extraordinary GMS held      25 October 2023 – 2026 Annual GMS (1st Period)
                                     on 25 October 2023

 Laorentina Devi         Direktur    Akta No. 24 berdasarkan hasil RUPSLB tanggal 9 Januari 2023        9 Januari 2023 – RUPST 2026 (Periode ke-1)
                         Director    Certificate No. 24 based on the results of the Extraordinary GMS   9 January 2023 – 2026 Annual GMS (1st Period)
                                     on 9 January 2023

 Rickie                  Direktur    Akta No. 16 berdasarkan hasil RUPSLB tanggal 27 Februari 2023      27 Februari 2023 – RUPST 2026 (Periode ke-1)
                         Director    Certificate No. 16 based on the results of the Extraordinary GMS   27 February 2023 – 2026 Annual GMS (1st Period)
                                     on 27 February 2023


Tugas dan Wewenang                                                             Duties and Authorities
Tugas dan wewenang                   Direksi      Perseroan diatur             The duties and authorities of the Company's Board of
dalam Pedoman Kerja                  Direksi,     yang dijabarkan              Directors are regulated in the Board of Directors Charter,
sebagai berikut:                                                               which are outlined as follows:

1. Direksi bertugas menjalankan dan bertanggung                                1. The Board of Directors is tasked with managing and
   jawab penuh atas pengurusan Perseroan untuk                                    taking full responsibility for the management of the
   kepentingan Perseroan sesuai dengan maksud dan                                 Company for the benefit of the Company in accordance
   tujuan Perseroan yang ditetapkan dalam Anggaran                                with the objectives and purposes of the Company as
   Dasar Perseroan dalam menjalankan seluruh fungsi                               stipulated in the Company's Articles of Association in
   pengelolaan Perseroan.                                                         carrying out all management functions of the Company.

2. Direksi bertanggung jawab penuh untuk menetapkan                            2. The Board of Directors is fully responsible for
   arah strategis jangka pendek dan jangka panjang dan                            determining the Company's short-term and long-term
   prioritas Perseroan.                                                           strategic direction and priorities.

3. Direksi wajib mengelola Perseroan sesuai dengan                             3. The Board of Directors is obliged to manage the
   kewenangan dan tanggung jawabnya yang tercantum                                Company in accordance with its authority and
   dalam Anggaran Dasar Perusahaan dan peraturan                                  responsibilities as stated in the Company's Articles of
   perundang-undangan yang berlaku.                                               Association and applicable laws and regulations.

4. Direksi wajib melaksanakan prinsip Tata Kelola                              4. The Board of Directors shall implement the principles
   Perusahaan yang Baik (GCG) dalam setiap kegiatan                               of Good Corporate Governance (GCG) in all of the
   usaha Perseroan pada setiap tingkatan dan hierarki                             Company's business activities at every level and
   organisasi Perseroan. Direksi wajib menindaklanjuti                            hierarchy of the Company's organization. The Board
   seluruh hasil temuan audit dan rekomendasi dari                                of Directors shall follow up on all audit findings and
   unit pemeriksaan/audit internal, audit eksternal,                              recommendations from the internal audit/examination
   hasil pemeriksaan dari Departemen Keuangan                                     unit, external audits, examination results from the
   dan/atau hasil pemeriksaan dari otoritas lain.                                 Ministry of Finance and/or examination results from
                                                                                  other authorities.

5. Direksi wajib mempertanggungjawabkan pelaksanaan                            5. The Board of Directors is required to be accountable
   tugasnya kepada pemegang saham melalui Rapat                                   for the performance of its duties to the shareholders
   Umum Pemegang Saham.                                                           through the General Meeting of Shareholders.

6. Direksi berwenang mewakili Perseroan di dalam                               6. The Board of Directors is authorized to represent
   dan di luar pengadilan tentang segala hal dalam                                the Company in and out of court in all matters and in
   segala kejadian.                                                               all circumstances.

7. Direksi berhak untuk mengikat Perseroan dengan                              7. The Board of Directors has the right to bind the
   pihak lain.                                                                    Company to other parties.

8. Pembagian tugas dan wewenang anggota Direksi                                8. The division of duties and authorities of the members
   Perseroan ditetapkan oleh RUPS dan wewenang                                    of the Company's Board of Directors is determined by
   tersebut oleh RUPS dapat dilimpahkan kepada Dewan                              the GMS and such authorities may be delegated by the
   Komisaris Perseroan. Direksi wajib menyelenggarakan                            GMS to the Company's Board of Commissioners. The
   RUPS tahunan dan RUPS lainnya sebagaimana                                      Board of Directors is required to hold an annual GMS
   diatur dalam peraturan perundang-undangan dan                                  and other GMS as stipulated in the laws and regulations
   Anggaran Dasar.                                                                and the Articles of Association.




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          Tata Kelola Perusahaan                 Laporan Keberlanjutan
          Good Corporate Governance              Sustainability Report




9. Setiap anggota Direksi wajib melaksanakan tugas dan                           9. Each member of the Board of Directors is obliged to
   tanggung jawab dengan itikad baik, penuh tanggung                                carry out their duties and responsibilities in good faith,
   jawab dan kehati-hatian.                                                         with full responsibility and prudence.

Tugas dan Tanggung Jawab Masing-Masing                                           Duties and Responsibilities of Each Member of
Direksi                                                                          the Board of Directors

Setiap Direksi memiliki tugas dan tanggung jawabnya                              Each member of the Board of Directors has their own
masing-masing dalam mengelola Perseroan. Pembagian                               duties and responsibilities in managing the Company. The
tugas dan tanggung jawab masing-masing Direksi                                   division of duties and responsibilities of each member of
dilakukan sesuai dengan keahlian dan latar belakang                              the Board of Directors is carried out in accordance with the
anggota Direksi. Setiap anggota Direksi memiliki peran                           expertise and background of the members of the Board of
spesifik namun saling melengkapi dalam mencapai                                  Directors. Each member of the Board of Directors has a
tujuan perseroan secara kolektif dan terkoordinasi.                              specific role but complements each other in achieving the
                                                                                 Company's goals collectively and in a coordinated manner.

Berikut penjabaran terkait pembagian tugas dan tanggung                          The following is a description of the division of duties and
jawab anggota Direksi:                                                           responsibilities of the Board of Directors:

 Nama                Jabatan      Tugas dan Tanggung Jawab
 Name                Position     Duties and Responsibilities

 Jayanti Sari        Direktur     Memimpin dan mengarahkan strategi perusahaan secara menyeluruh, memastikan sinergi antar direktorat serta pencapaian
                     Utama        visi dan tujuan jangka panjang. Bertanggung jawab atas pengambilan keputusan strategis, kinerja perusahaan, dan
                     President    keberlanjutan bisnis melalui tata kelola yang kuat dan hubungan strategis dengan para pemangku kepentingan.
                     Director     Leading and directing the company's overall strategy, ensuring synergy between directorates and the achievement of
                                  long-term vision and goals. Responsible for strategic decision-making, company performance, and business sustainability
                                  through strong governance and strategic relationships with stakeholders.

 Rahmad              Direktur     Bertanggung jawab untuk memperkuat strategi sumber daya manusia perusahaan, menumbuhkan budaya inovasi, dan
 Pudjotomo           Director     mengidentifikasi peluang bisnis yang mendorong pertumbuhan jangka panjang. Kepemimpinannya memastikan bahwa
                                  pengembangan bakat dan ekspansi perusahaan selaras dengan visi perusahaan.
                                  Responsible for strengthening the company's human resources strategy, fostering a culture of innovation, and identifying
                                  business opportunities that drive long-term growth. His leadership ensures that talent development and company
                                  expansion are aligned with the company's vision.

 Laorentina Devi     Direktur     Memimpin operasional perusahaan sehari-hari, memastikan efisiensi, produktivitas, dan eksekusi yang lancar di
                     Director     semua fungsi bisnis. Fokusnya adalah mengoptimalkan proses, meningkatkan pelayanan, dan mendorong keunggulan
                                  operasional untuk mendukung tujuan strategis perusahaan.
                                  Leads the company's day-to-day operations, ensuring efficiency, productivity, and smooth execution across all business
                                  functions. Her focus is on optimizing processes, improving service, and driving operational excellence to support the
                                  company's strategic goals.

 Rickie              Direktur     Mengawasi manajemen keuangan perusahaan, memastikan stabilitas keuangan, mitigasi risiko, dan kepatuhan terhadap
                     Director     peraturan. Dengan mempertahankan kontrol keuangan yang kuat dan perencanaan keuangan strategis, beliau menjaga
                                  profitabilitas dan kesehatan fiskal perusahaan.
                                  Oversees the company's financial management, ensuring financial stability, risk mitigation, and regulatory compliance.
                                  By maintaining strong financial controls and strategic financial planning, he safeguards the company's profitability and
                                  financial health.

Pelaksanaan tugas Direksi dilakukan secara kolektif                              The Board of Directors carries out its duties collectively,
dengan berpegang teguh pada prinsip tata kelola                                  adhering to the principles of good corporate governance
perusahaan yang baik (GCG), guna menjamin transparansi,                          (GCG) to ensure transparency, accountability, and the
akuntabilitas, dan terciptanya nilai jangka panjang bagi                         creation of long-term value for all stakeholders.
semua pemangku kepentingan.

Rapat Direksi                                                                    Board of Directors Meetings
Kebijakan Rapat                                                                  Meeting Policy
Sesuai Pedoman Kerja Dewan Komisaris dan Direksi,                                In accordance with the Board of Commissioners Charter
Rapat Direksi wajib dilaksanakan secara berkala, paling                          and Board of Directors Charter, Board of Directors
sedikit 1 (satu) kali dalam 1 (satu) bulan. Di luar rapat rutin,                 Meetings must be held regularly, at least once a month.
Direksi dapat mengadakan rapat sewaktu-waktu apabila                             Outside of regular meetings, the Board of Directors may
dianggap perlu oleh satu atau lebih anggota Direksi. Selain                      hold meetings at any time if deemed necessary by one
itu, Direksi diwajibkan mengadakan rapat bersama Dewan                           or more members of the Board of Directors. In addition,
Komisaris secara berkala minimal 1 (satu) kali setiap 4                          the Board of Directors is required to hold joint meetings
(empat) bulan, atau atas permintaan tertulis dari:                               with the Board of Commissioners periodically at least once
                                                                                 every four (4) months, or upon written request from:

1. Anggota Dewan Komisaris, atau                                                 1. A member of the Board of Commissioners, or




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Ikhtisar Kinerja                      Laporan Manajemen                    Profil Perusahaan                    Analisis dan Pembahasan Manajemen
Highlights Performance                Management Report                    Company Profile                      Management Discussion and Analysis




2. Pemegang Saham yang secara kolektif mewakili 1/10                      2. Shareholders who collectively represent 1/10 (one tenth)
   (satu per sepuluh) atau lebih dari jumlah seluruh saham                   or more of the total number of voting shares.
   dengan hak suara.

Kebijakan ini memastikan efektivitas koordinasi antara                    This policy ensures effective coordination between
Direksi, Dewan Komisaris, dan Pemegang Saham,                             the Board of Directors, the Board of Commissioners,
sekaligus mendukung pengambilan keputusan yang                            and Shareholders, while supporting strategic and
strategis dan transparan.                                                 transparent resolutions.

Frekuensi dan Tingkat Kehadiran                                           Frequency and Attendance Rate

Selama tahun 2025, Direksi telah mengadakan rapat                         During 2025, the Board of Directors held a total of 9 Board
sebanyak 9 kali Rapat Direksi dan 6 kali Rapat bersama                    of Directors meetings and 6 joint meetings with the Board
Dewan Komisaris, dengan tingkat kehadiran masing-                         of Commissioners, with the attendance rate of each Board
masing anggota Direksi adalah sebagai berikut:                            of Directors member as follows:

                                                                         Rapat Direksi                    Rapat Bersama Dewan Komisaris
                                                                  Board of Directors Meetings         Meetings with the Board of Commissioners
 Nama            Jabatan     Periode Menjabat Tahun 2025    Jumlah         Jumlah                      Jumlah            Jumlah
 Name            Position    Term of Office in 2025          Rapat        Kehadiran      Kehadiran      Rapat           Kehadiran     Kehadiran
                                                           Number of      Number of      Attendance   Number of         Number of     Attendance
                                                           Meetings       Attendees                   Meetings          Attendees

 Jayanti Sari    Direktur    1 Januari–31 Desember 2025       9                9               100%         6               6            100%
                 Utama       1 January–31 December 2025
                 President
                 Director

 Rahmad          Direktur    1 Januari–31 Desember 2025       9                8               88%          6               5            84%
 Pudjotomo       Director    1 January–31 December 2025

 Laorentina      Direktur    1 Januari–31 Desember 2025       9                8               88%          6               5            84%
 Devi            Director    1 January–31 December 2025

 Rickie          Direktur    1 Januari–31 Desember 2025       9                9               100%         6               6            100%
                 Director    1 January–31 December 2025



Pelatihan dan Peningkatan Kompetensi Anggota                              Training and Competency Improvement for
Direksi                                                                   Members of the Board of Directors
Pada tahun 2025, Perseroan menyediakan fasilitas                          In 2025, the Company will provide competency
pengembangan kompetensi bagi anggota Direksi. Hal                         development facilities for members of the Board of
ini guna meningkatkan kualitas dan kapabilitas Direksi                    Directors. This is to improve the quality and capabilities
dalam melaksanakan tugasnya sebagai pengelola                             of the Board of Directors in carrying out their duties as
Perseroan. Perseroan memastikan seluruh Anggota Direksi                   managers of the Company. The Company ensures that
memperoleh informasi terkini terkait bisnis, kebijakan, dan               all members of the Board of Directors receive the latest
perkembangan industri yang relevan dengan Perseroan.                      information related to business, policies, and industry
                                                                          developments relevant to the Company.

Dalam periode tersebut, Direksi melakukan pelatihan                       During this period, the Board of Directors conducted
dan pengembangan kompetensi secara mandiri. Selain                        independent training and competency development. In
itu Perseroan juga memastikan keselarasan pemahaman                       addition, the Company also ensures the alignment of the
Direksi melalui penyediaan informasi yang memadai                         Board of Directors' understanding by providing adequate
terkait kegiatan usaha, serta penjelasan mengenai tugas                   information related to business activities, as well as
dan tanggung jawab Direksi.			                                            explanations regarding the duties and responsibilities of
                                                                          the Board of Directors.

Penilaian Kinerja Organ Pendukung di Bawah                                Performance Assessment of Supporting Bodies
Direksi                                                                   under the Board of Directors
Sampai dengan akhir tahun 2025, Perseroan belum                           As of the end of 2025, the Company has not formed a
membentuk komite khusus yang berada di bawah dan                          special committee that is under and directly responsible to
bertanggung jawab langsung kepada Direksi. Namun                          the Board of Directors. However, in carrying out its duties,
demikian, dalam pelaksanaan tugasnya, Direksi dibantu                     the Board of Directors is assisted by two main supporting
oleh dua organ pendukung utama, yakni:                                    bodies, namely:

1. Sekretaris Perusahaan                                                  1.          Corporate Secretary

2. Unit Audit Internal                                                    2.          Internal Audit Unit


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      Tata Kelola Perusahaan             Laporan Keberlanjutan
      Good Corporate Governance          Sustainability Report




Evaluasi Kinerja 2025                                            2025 Performance Evaluation

Direksi melakukan evaluasi terhadap kedua organ yang             The Board of Directors evaluates the two organs under its
berada di bawahnya. Pada tahun 2025, Direksi menilai             authority. In 2025, the Board of Directors assessed that
bahwa kedua organ tersebut telah menjalankan tugas               both organs had performed their duties and responsibilities
dan tanggung jawabnya dengan baik, Penilaian tersebut            well. The assessment was based on a number of
didasarkan pada sejumlah kriteria, antara lain:                  criteria, including:

•   Pencapaian indikator kinerja kunci (Key Performance          •   Achievement of key performance indicators (KPIs);
    Indicators/KPI);                                                 						

•   Partisipasi aktif dalam rapat; dan                           •   Active participation in meetings; and

•   Upaya pengembangan kompetensi melalui pelatihan              •   Efforts to develop competencies through training or
    atau kegiatan peningkatan kapasitas lainnya.                     other capacity-building activities.

Kinerja positif ini menjadi bukti kontribusi Sekretaris          This positive performance is evidence of the contribution
Perusahaan dan Unit Audit Internal dalam mewujudkan              of the Corporate Secretary and the Internal Audit Unit
sistem pengelolaan Perseroan yang efektif, transparan,           in realizing an effective, transparent, and accountable
dan akuntabel                                                    management system for the Company.




Dewan Komisaris
Board of Commissioners


Dewan Komisaris adalah organ Perseroan yang bertugas             The Board of Commissioners is the Company's organ
untuk mengawasi, mengarahkan, dan memberi nasihat                tasked with supervising, directing, and advising the Board
kepada Direksi dalam menjalankan operasional Perseroan,          of Directors in running the Company's operations, as
serta melakukan pengawasan secara umum dan/atau                  well as conducting general and/or specific supervision in
khusus sesuai dengan Anggaran Dasar. Dewan Komisaris             accordance with the Articles of Association. The Board of
memastikan kegiatan operasional Perseroan tidak                  Commissioners ensures that the Company's operational
hanya berjalan efektif tetapi juga sesuai dengan prinsip-        activities are not only effective but also in accordance with
prinsip GCG serta peraturan dan perundang-undangan               GCG principles and applicable laws and regulations.
yang berlaku.

Dewan Komisaris berperan aktif dalam menegakkan                  The Board of Commissioners plays an active role in
akuntabilitas, transparansi, dan kewajaran pada setiap           upholding accountability, transparency, and fairness in
kegiatan operasional Perseroan yang dilakukan oleh               all operational activities of the Company carried out by
Direksi. Sebagai bentuk komitmennya dalam penerapan              the Board of Directors. As a form of its commitment to
GCG, Dewan Komisaris menjadikan prinsip-prinsip GCG              implementing GCG, the Board of Commissioners makes
dan kepatuhan hukum sebagai pedoman utama dalam                  GCG principles and legal compliance the main guidelines
menjalankan tugasnya. Upaya ini merupakan langkah                in carrying out its duties. This effort is a strategic step
strategis dalam menjaga keberlanjutan usaha dan                  in maintaining business sustainability and realizing the
mewujudkan tujuan-tujuan strategis Perseroan.                    Company's strategic objectives.

Piagam Dewan Komisaris                                           Board of Commissioners Charter

Pedoman Kerja Dewan Komisaris dan Direksi merupakan              The Board of Commissioners Charter and Board of
acuan utama Dewan Komisaris dalam menjalankan tugas              Directors Charter are the main references for the Board of
dan tanggung jawabnya sebagai pengawas dan pemberi               Commissioners in carrying out its duties and responsibilities
nasihat kepada Direksi dalam menjalankan operasional             as supervisors and advisors to the Board of Directors in
Perseroan. Perseroan telah menetapkan Pedoman Kerja              running the Company's operations. The Company has
Dewan Komisaris dan Direksi yang telah disahkan melalui          established the Board of Commissioners and Board of
Surat Keputusan bersama Direksi dan Komisaris Nomor              Directors Charter, which have been ratified through a
370/HIS-JKT/DIR-KOM-UM06/XI/2023. Pedoman Kerja                  joint Board of Directors and Board of Commissioners
Dewan Komisaris Perseroan antara lain berisikan:                 Resolution No. 370/HIS-JKT/DIR-KOM-UM06/XI/2023.
                                                                 The Company's Board of Commissioners Charter includes:




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Highlights Performance                    Management Report                     Company Profile                     Management Discussion and Analysis




Perseroan telah menyusun Pedoman Kerja Dewan                                   The Company has compiled the Board of Commissioners
Komisaris yang disahkan berdasarkan Surat Keputusan                            Charter, which has been ratified based on the Board of
Direksi dan Komisaris No. 370/HIS-JKT/DIR-KOM-UM06/                            Directors and Commissioners' Resolution No. 370/HIS-
XI/2023. Pedoman Kerja tersebut menjadi landasan bagi                          JKT/DIR-KOM-UM06/XI/2023. This Charter serves as
Dewan Komisaris dalam menjalankan tugas dan tanggung                           the basis for the Board of Commissioners in carrying out
jawabnya. Pedoman Kerja Dewan Komisaris Perseroan                              its duties and responsibilities. The Company's Board of
antara lain berisikan:                                                         Commissioners Charter includes:

1. Komposisi dan Persyaratan Anggota Dewan Komisaris;                          1. Composition and Requirements for Members of the
                                                                                  Board of Commissioners;

2. Komisaris Independen;                                                       2. Independent Commissioners;

3. Rangkap Jabatan;                                                            3. Concurrent Positions;

4. Masa Jabatan dan Pengangkatan Serta Pemberhentian                           4. Term of Office, Appointment, and Dismissal of the
   Dewan Komisaris;                                                               Board of Commissioners;

5. Tugas dan Wewenang Dewan Komisaris Perseroan;                               5. Duties and Powers                of   the    Company's       Board
                                                                                  of Commissioners;

6. Rapat Dewan Komisaris Perseroan;                                            6. Meetings of             the   Board    of   Commissioners         of
                                                                                  the Company;

7. Pelatihan;                                                                  7. Training;

8. Pelaporan dan Pertanggungjawaban;                                           8. Reporting and Accountability;

9. Larangan; dan                                                               9. Prohibitions; and

10. Lain-lain.                                                                 10. Others.

Masa Jabatan dan Komposisi Keanggotaan                                         Term of Office and Composition of the Board of
Dewan Komisaris Tahun 2025                                                     Commissioners in 2025

Masa jabatan dan komposisi anggota Dewan Komisaris                             The term of office and composition of the Board of
diatur dalam Pedoman Kerja Dewan Komisaris dan Direksi.                        Commissioners are regulated in the Board of Commissioners
Di tahun 2025, terdapat perubahan pada ayat 2 Pasal 18                         Charter and the Board of Directors Charter. In 2025,
Anggaran Dasar Perseroan perihal Dewan Komisaris,                              there will be changes to Article 2 of Article 18 of the
melalui RUPSLB tanggal 26 Maret 2025. Dengan                                   Company's Articles of Association regarding the Board of
perubahan Anggaran Dasar Perseroan, Pemegang Saham                             Commissioners, through the Extraordinary GMS on March
menyetujui perubahan masa jabatan anggota Dewan                                26, 2025. With the amendment to the Company's Articles of
Komisaris yang sebelumnya dapat menjabat selama 5                              Association, the Shareholders approved the change in the
(lima) tahun menjadi 3 (tiga) tahun. Sehingga Periode                          term of office of members of the Board of Commissioners,
menjabat anggota Dewan Komisaris per 2025 adalah 3                             which was previously 5 (five) years to 3 (three) years.
(tiga) tahun dan dapat diangkat kembali untuk periode                          Therefore, the term of office for members of the Board of
berikutnya, dengan tidak mengurangi hak RUPS untuk                             Commissioners as of 2025 is 3 (three) years and they may
dapat memberhentikan mereka sewaktu-waktu.                                     be reappointed for the next term, without prejudice to the
                                                                               right of the Annual GMS to dismiss them at any time.

Terdapat juga perubahan pada komposisi Dewan                                   There are also changes to the composition of the Board
Komisaris pada tahun 2025. Sesuai dengan RUPSLB                                of Commissioners in 2025. In accordance with the
tanggal 1 Oktober 2025, para Pemegang Saham menyetujui                         Extraordinary GMS on 1 October 2025, the Shareholders
pengunduran diri Bapak Nur Prasetyo sebagai Komisaris                          approved the resignation of Mr. Nur Prasetyo as Independent
Independen dan digantikan dengan pengangkatan Bapak                            Commissioner and replaced him with the appointment of
Ir. Hendra Iskandar Lubis sebagai Komisaris Independen,                        Mr. Ir. Hendra Iskandar Lubis as Independent Commissioner,
sehingga susunan keanggotaan Dewan Komisaris per                               so that the composition of the Board of Commissioners as of
31 Desember 2025 menjadi sebagai berikut:                                      31 December 2025 is as follows:

 Nama                          Jabatan                        Dasar Pengangkatan                           Periode Jabatan
 Name                          Position                       Basis of Appointment                         Term of Office

 Zainal Hadi Haji Abdussamad   Komisaris Utama                Akta No.9 berdasarkan hasil RUPSLB           10 Maret 2021 – RUPST 2026 (Periode ke-2)
 Sulaiman Haji Basirun         President Commissioner         tanggal 10 Maret 2021                        10 March 2021 – 2026 Annual GMS (2nd Term)
                                                              Certificate No. 9 based on the results of
                                                              the Extraordinary GMS on 10 March 2021




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        Tata Kelola Perusahaan                 Laporan Keberlanjutan
        Good Corporate Governance              Sustainability Report




 Nama                           Jabatan                     Dasar Pengangkatan                        Periode Jabatan
 Name                           Position                    Basis of Appointment                      Term of Office

 Hendra Iskandar Lubis          Komisaris Independen        Akta No. 6 berdasarkan hasil RUPSLB       1 Oktober 2025 – RUPST 2026 (Periode ke-1)
                                Independent Commissioner    tanggal 1 Oktober 2025                    1 October 2025 – 2026 Annual GMS (1st Period)
                                                            Deed No. 6 based on the results of the
                                                            Extraordinary GMS on 1 October 2025

 Iwanho                         Komisaris                   Akta No. 59 berdasarkan hasil RUPST       3 Juni 2022 – RUPST 2026 (Periode ke-1)
                                Commissioner                tanggal 3 Juni 2022                       3 June 2022 – 2026 Annual GMS (1st Period)
                                                            Deed No. 59 based on the results of the
                                                            Annual GMS on 3 June 2022


Tugas dan Wewenang                                                           Duties and Authorities
Tugas dan wewenang Dewan Komisaris tertera pada                              The duties and authorities of the Board of Commissioners
Pedoman Kerja Dewan Komisaris Perseroan, dengan                              are set forth in the Company's Board of Commissioners
penjabaran sebagai berikut:                                                  Charter, with the following details:

1. Dewan Komisaris bertugas melakukan pengawasan                             1. The Board of Commissioners is tasked with supervising
   dan bertanggung jawab atas pengawasan terhadap                               and being responsible for overseeing management
   kebijakan pengurusan, jalannya pengurusan pada                               policies, the general course of management, both
   umumnya, baik mengenai Emiten atau Perusahaan                                regarding Issuers or Public Companies and the
   Publik maupun usaha Emiten atau Perusahaan Publik,                           businesses of Issuers or Public Companies, and
   dan memberi nasihat kepada Direksi.                                          providing advice to the Board of Directors.

2. Dalam kondisi tertentu, Dewan Komisaris wajib                             2. Under certain conditions, the Board of Commissioners
   menyelenggarakan RUPS tahunan dan RUPS lainnya                               is required to hold annual GMS and other GMS in
   sesuai   dengan   kewenangannya    sebagaimana                               accordance with its authority as stipulated in laws and
   diatur dalam peraturan perundang-undangan dan                                regulations and the Articles of Association.
   Anggaran Dasar.

3. Dalam rangka mendukung efektivitas pelaksanaan                            3. In order to support the effectiveness of the performance
   tugas dan tanggung jawabnya, Dewan Komisaris                                 of its duties and responsibilities, the Board of
   wajib membentuk Komite Audit dan dapat membentuk                             Commissioners is required to form an Audit Committee
   komite lainnya.                                                              and may form other committees.

4. Dewan Komisaris wajib melakukan evaluasi terhadap                         4. The Board of Commissioners is required to evaluate
   kinerja komite yang membantu pelaksanaan tugas dan                           the performance of the committees that assist in the
   tanggung jawabnya setiap akhir tahun buku.                                   implementation of its duties and responsibilities at the
                                                                                end of each financial year.

5. Dewan    Komisaris  berwenang    memberhentikan                           5. The Board of Commissioners has the authority to
   sementara       anggota     Direksi     dengan                               temporarily dismiss members of the Board of Directors
   menyebutkan alasannya.                                                       by stating the reasons.

6. Dewan    Komisaris     dapat melakukan   tindakan                         6. The Board of Commissioners may take management
   pengurusan Perseroan dalam keadaan tertentu untuk                            actions on behalf of the Company under certain
   jangka waktu tertentu.                                                       circumstances for a specified period of time.

Komisaris Independen                                                         Independent Commissioner
Komisaris Independen adalah anggota Dewan Komisaris                          Independent Commissioners are members of the Board
yang tidak memiliki hubungan afiliasi baik dalam hal                         of Commissioners who have no affiliations in terms
keuangan, kepengurusan, kepemilikan saham, maupun                            of finance, management, share ownership, or family
hubungan keluarga dengan perusahaan, pemegang                                relationships with the company, controlling shareholders,
saham pengendali, Direksi, atau pihak-pihak lain yang                        the Board of Directors, or other parties that may influence
dapat mempengaruhi kemampuannya untuk bersikap                               their ability to act independently and objectively.
independen dan objektif. Komisaris Independen hadir                          Independent Commissioners act independently without
sebagai pihak yang bergerak secara independen tanpa                          pressure from any party so that they can carry out
tekanan dari pihak manapun agar dapat menjalankan                            their duties and responsibilities objectively and free
tugas dan tanggung jawabnya secara objektif dan bebas                        from conflicts of interest, and in accordance with the
dari konflik kepentingan, serta sesuai dengan prinsip Good                   principles of Good Corporate Governance (GCG).
Corporate Governance (GCG).




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Highlights Performance                    Management Report                        Company Profile                        Management Discussion and Analysis




Sesuai dengan ketentuan Peraturan OJK Nomor 33/                                   In accordance with the provisions of OJK Regulation
POJK.04/2014 tentang Dewan Komisaris, komposisi                                   Number 33/POJK.04/2014 concerning the Board of
minimal Komisaris Independen dalam Perseroan adalah                               Commissioners, the minimum composition of Independent
30% dari total keanggotaan Dewan Komisaris. Pada                                  Commissioners in the Company is 30% of the total
tahun 2025, komposisi Dewan Komisaris Perseroan telah                             membership of the Board of Commissioners. In 2025, the
memenuhi ketentuan regulasi dengan memiliki 1 (satu)                              composition of the Company's Board of Commissioners
orang Komisaris Independen dari total 3 (tiga) anggota                            has met regulatory requirements by having 1 (one)
Dewan Komisaris. Kehadiran Komisaris Independen                                   Independent Commissioner out of a total of 3 (three)
memegang      peranan     krusial   dalam    menciptakan                          members of the Board of Commissioners. The presence of
mekanisme      pengawasan       yang    transparan   dan                          Independent Commissioners plays a crucial role in creating
akuntabel terhadap tata kelola Perseroan.		                                       a transparent and accountable oversight mechanism for
                                                                                  the Company's governance.

Kriteria Penentuan Komisaris Independen                                           Criteria for Determining Independent Commissioners
Selain harus memenuhi persyaratan yang berlaku                                    In addition to meeting the requirements applicable to
bagi Direksi dan Dewan Komisaris sebagaimana diatur                               the Board of Directors and Board of Commissioners
dalam pasal 21 Peraturan OJK No. 33/POJK.04/2014,                                 as stipulated in Article 21 of OJK Regulation No. 33/
Komisaris Independen harus memenuhi kriteria khusus                               POJK.04/2014, Independent Commissioners must meet
sebagai berikut:                                                                  the following specific criteria:

1. Bukan merupakan orang yang bekerja atau mempunyai                              1. Not a person who works for or has the authority and
   wewenang dan tanggung jawab untuk merencanakan,                                   responsibility to plan, lead, control, or supervise
   memimpin, mengendalikan, atau mengawasi Kegiatan                                  the Company's activities within the last 6 (six)
   Perseroan dalam waktu 6 (enam) bulan terakhir,                                    months, except for reappointment as an Independent
   kecuali untuk pengangkatan kembali sebagai Komisaris                              Commissioner of the Company for the next term;
   Independen Perseroan pada periode berikutnya;

2. Tidak mempunyai saham baik langsung maupun tidak                               2. Does not own shares, either directly or indirectly, in
   langsung pada Perseroan;                                                          the Company;

3. Tidak memiliki hubungan afiliasi dengan Perseroan,                             3. Not have any affiliation with the Company, members of
   anggota Dewan Komisaris, anggota Direksi atau                                     the Board of Commissioners, members of the Board of
   pemegang saham utama Perseroan; dan                                               Directors, or major shareholders of the Company; and

4. Tidak mempunyai hubungan usaha baik langsung                                   4. Does not have any direct or indirect business
   maupun tidak langsung yang berkaitan dengan                                       relationships     related to the   Company's
   kegiatan usaha Perseroan.                                                         business activities.

 Kriteria
                                                                                                                                    Hendra Iskandar Lubis
 Criteria

 Tidak bekerja atau memiliki wewenang untuk merencanakan, memimpin, mengendalikan, atau mengawasi kegiatan                                    √
 Perseroan selama 6 bulan sebelum pengangkatannya, kecuali dalam tugas saya sebagai komisaris independen yang
 diangkat kembali.
 Has not worked for or had the authority to plan, lead, control, or supervise the Company's activities for 6 months prior to his
 appointment, except in my capacity as a reappointed independent commissioner.

 Tidak mempunyai saham baik langsung maupun tidak langsung pada Perseroan.                                                                    √
 Does not hold any shares, either directly or indirectly, in the Company.

 Tidak mempunyai hubungan Afiliasi dengan Emiten atau Perusahaan Publik, anggota Dewan Komisaris, anggota Direksi, atau                       √
 Pemegang Saham Utama Perseroan.
 Has no affiliation with the Issuer or Public Company, members of the Board of Commissioners, members of the Board of
 Directors, or Major Shareholders of the Company.

 Tidak mempunyai hubungan usaha baik langsung maupun tidak langsung yang berkaitan dengan kegiatan usaha Perseroan.                           √
 Has no direct or indirect business relationship related to the Company's business activities.




Pernyataan Independensi Komisaris Independen                                      Statement of               Independence            of     Independent
                                                                                  Commissioners
Sesuai peraturan perundang-undangan yang berlaku,                                 In accordance with applicable laws and regulations,
Komisaris Independen wajib menandatangani surat                                   Independent Commissioners are required to sign a
pernyataan independensi sebagai bukti bahwa Komisaris                             statement of independence as proof that they are
Independen bebas dari kepentingan lain dalam                                      free from other interests in carrying out their duties.
menjalankan tugasnya. Komitmen ini telah dipenuhi oleh                            This commitment has been fulfilled by the Company's
Komisaris Independen Perseroan.                                                   Independent Commissioners.




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        Good Corporate Governance               Sustainability Report




Pembagian Tugas Dewan Komisaris                                                 Division of Duties of the Board of Commissioners

Dewan Komisaris Perseroan menjalankan tugas secara                              The Company's Board of Commissioners performs
kolektif dan bersifat kolegial, sehingga belum ada                              its duties collectively and collegially, so there is no
pembagian tugas khusus untuk masing-masing anggota                              specific division of duties for each member of the Board
Dewan Komisaris.                                                                of Commissioners.

Namun, Hendra Iskandar Lubis, selaku Komisaris                                  However, Hendra Iskandar Lubis, as an Independent
Independen, diberikan tugas tambahan sebagai Ketua                              Commissioner, has been given the additional task of
Komite Audit Perseroan. Peran ini dilakukan untuk                               serving as Chair of the Company's Audit Committee.
memperkuat fungsi pengawasan dan memastikan                                     This role is carried out to strengthen the supervisory
pelaksanaan tata kelola perusahaan yang baik sesuai                             function and ensure the implementation of good corporate
dengan prinsip Good Corporate Governance (GCG).                                 governance in accordance with the principles of Good
                                                                                Corporate Governance (GCG).

Rapat Dewan Komisaris                                                           Board of Commissioners Meetings

Rapat Dewan Komisaris diatur dalam Piagam Dewan                                 Board of Commissioners meetings are regulated in the
Komisaris, POJK No. 33/2014, serta Anggaran Dasar                               Board of Commissioners Charter, POJK No. 33/2014,
Perseroan. Rapat Dewan Komisaris terbagi menjadi dua,                           and the Company's Articles of Association. Board of
rapat internal yang hanya dihadiri oleh anggota Dewan                           Commissioners meetings are divided into two types:
Komisaris dan rapat bersama Direksi yang dihadiri                               internal meetings attended only by members of the Board
oleh Dewan Komisaris dengan mengundang Direksi.                                 of Commissioners and joint meetings with the Board of
Sebagaimana diatur dalam Piagam Dewan Komisaris,                                Directors attended by the Board of Commissioners with
Rapat internal Dewan Komisaris wajib diadakan paling                            the Board of Directors invited. As stipulated in the Board of
sedikit 1 (satu) kali setiap 2 (dua) bulan, sedangkan                           Commissioners Charter, internal Board of Commissioners
Rapat bersama Direksi Diadakan secara berkala                                   Meetings must be held at least once every two months,
paling sedikit 1 (satu) kali setiap 3 (tiga) bulan.                             while joint meetings with the Board of Directors must be
                                                                                held periodically at least once every three months.

Kegiatan Rapat Tahun 2025                                                       Meeting Activities in 2025
Sepanjang tahun 2025, Dewan Komisaris telah                                     Throughout 2025, the Board of Commissioners held
menyelenggarakan rapat internal sebanyak 6 kali, dan                            internal meetings six times, and joint meetings with the
rapat bersama Direksi telah dilakukan sebanyak 4 kali.                          Board of Directors were held four times.

Kehadiran Dewan Komisaris                                                       Attendance of the Board of Commissioners
Frekuensi kehadiran anggota Dewan Komisaris dalam                               The attendance frequency of Board of Commissioners
rapat, termasuk partisipasi dalam RUPS, dapat dilihat pada                      members in meetings, including participation in the Annual
tabel berikut:                                                                  GMS, can be seen in the following table:

                                                                                 Rapat Komisaris                    Rapat Bersama Direksi
                                                                        Board of Commissioners Meetings       Meetings with the Board of Directors
 Nama           Jabatan             Periode Menjabat Tahun 2025    Jumlah          Jumlah                     Jumlah       Jumlah
 Name           Position            Term of Office in 2025          Rapat         Kehadiran     Kehadiran      Rapat      Kehadiran      Kehadiran
                                                                  Number of       Number of     Attendance   Number of    Number of      Attendance
                                                                  Meetings        Attendees                  Meetings     Attendees

 Zainal         Komisaris           1 Januari–31 Desember 2025           6            6           100%          6              6            100%
 Hadi Haji      Utama               1 January–31 December 2025
 Abdussamad     President
 Sulaiman       Commissioner
 Haji Basirun

 Hendra         Komisaris           1 Oktober–31 Desember 2025           6            2            34%          6              1            34%
 Iskandar       Independen          1 October –31 December 2025
 Lubis          Independent
                Commissioner

 Iwanho         Komisaris           1 Januari–31 Desember 2025           6            6           100%          6              6            100%
                Commissioner        1 January–31 December 2025




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Ikhtisar Kinerja                Laporan Manajemen              Profil Perusahaan             Analisis dan Pembahasan Manajemen
Highlights Performance          Management Report              Company Profile               Management Discussion and Analysis




Pelatihan dan Peningkatan Kompetensi Anggota                  Training and Competency Improvement for
Dewan Komisaris                                               Members of the Board of Commissioners

Perseroan memfasilitasi pelatihan dan peningkatan             The Company facilitates training and competency
kompetensi bagi Anggota Dewan Komisaris untuk                 improvement for Board of Commissioners members
meningkatkan kualitas dan kapabilitas Dewan Komisaris         to enhance the quality and capabilities of the Board of
dalam melaksanakan tugasnya sebagai pengawas                  Commissioners in performing their duties as supervisors
Perseroan. Perseroan memastikan seluruh Anggota               of the Company. The Company ensures that all Board of
Dewan Komisaris memperoleh informasi terkini terkait          Commissioners members receive the latest information
bisnis, kebijakan, dan perkembangan industri yang relevan     related to the business, policies, and industry developments
dengan Perseroan.                                             relevant to the Company.

Program Pelatihan Tahun 2025                                  2025 Training Program
Sepanjang 2025, anggota Dewan Komisaris mengikuti             Throughout 2025, members of the Board of
program pelatihan dan pengembangan kompetensi                 Commissioners participated in independent training
secara mandiri. Perseroan juga memiliki program               and competency development programs. The Company
orientasi untuk komisaris baru dengan memberikan              also has an orientation program for new commissioners,
informasi yang cukup terkait kegiatan usaha Perseroan         providing sufficient information regarding the Company's
dan penjelasan mengenai tugas dan tanggung jawab              business activities and an explanation of the duties and
Dewan Komisaris. Pada tahun 2025, program orientasi           responsibilities of the Board of Commissioners. In 2025, an
dilaksanakan untuk Bapak Hendra Iskandar Lubis yang           orientation program was conducted for Mr. Hendra Iskandar
baru diangkat menjadi Komisaris Independen sesuai             Lubis, who was newly appointed as an Independent
dengan keputusan RUPSLB tanggal 1 Oktober 2025.               Commissioner in accordance with the Resolution of the
                                                              Extraordinary GMS on 1 October 2025.

Penilaian Kinerja Komite di Bawah                             Performance Assessment of Committees under
Dewan Komisaris                                               the Board of Commissioners

Dalam menjalankan tugas dan tanggung jawabnya,                In carrying out its duties and responsibilities, the Board of
Dewan Komisaris dibantu oleh Komite Audit. Dewan              Commissioners is assisted by the Audit Committee. The
Komisaris melakukan penilaian terhadap Komite Audit.          Board of Commissioners conducts an assessment of the
Pada tahun 2025, Dewan Komisaris menilai Komite               Audit Committee. In 2025, the Board of Commissioners
Audit telah melaksanakan tugas dan tanggung jawabnya          assessed that the Audit Committee had performed its
dengan baik.                                                  duties and responsibilities well.

Evaluasi Kinerja 2025                                         2025 Performance Evaluation

Komite Audit dinilai telah bekerja dengan baik dan berhasil   The Audit Committee is considered to have performed well
mencapai sasaran kinerja yang ditetapkan bersama pada         and successfully achieved the performance targets set
awal tahun.                                                   jointly at the beginning of the year.

Seluruh anggota Komite Audit menunjukkan partisipasi          All members of the Audit Committee demonstrated
aktif dan efektif dalam mendukung tugas dan tanggung          active and effective participation in supporting the duties
jawab Dewan Komisaris. Kinerja Komite Audit yang optimal      and responsibilities of the Board of Commissioners.
ini mencerminkan komitmen Perseroan terhadap tata kelola      The optimal performance of the Audit Committee
perusahaan yang baik dan pengawasan yang akuntabel            reflects the Company's commitment to good corporate
untuk mendukung keberlanjutan usaha.                          governance and accountable supervision to support
                                                              business sustainability.




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      Good Corporate Governance      Sustainability Report




Penilaian Kinerja Dewan Komisaris dan Direksi
Performance Evaluation of the Board of Commissioners and the Board of Directors


Prosedur Penilaian Kinerja Dewan Komisaris                   Performance Assessment Procedures for the
dan Direksi                                                  Board of Commissioners and Board of Directors

Setiap tahun, Dewan Komisaris melakukan penilaian            Each year, the Board of Commissioners assesses its
kinerjanya dengan menggunakan metode penilaian               performance using a self-assessment method by each
mandiri (self-assessment) oleh masing-masing anggota         member of the Board of Commissioners. Meanwhile,
Dewan Komisaris. Sementara untuk Direksi, baik penilaian     for the Board of Directors, both collegial and individual
secara kolegial maupun individual dilakukan dengan 2         assessments are carried out using two methods,
(dua) metode, yaitu penilaian mandiri (self-assessment)      namely self-assessment and assessment by the Board
dan penilaian oleh Dewan Komisaris.                          of Commissioners.

Hasil penilaian mandiri yang sudah dilakukan oleh setiap     The results of the self-assessment conducted by each
anggota Dewan Komisaris dan Direksi dilaporkan kepada        member of the Board of Commissioners and Board of
Komisaris Utama untuk ditinjau dan disetujui, sebelum        Directors are reported to the President Commissioner for
akhirnya      dipertanggungjawabkan       bersama-sama       review and approval, before finally being jointly accounted
dalam RUPS.                                                  for at the Annual GMS.

Kriteria Penilaian Kinerja Dewan Komisaris dan Direksi       Performance Assessment Criteria for the Board of
                                                             Commissioners and Board of Directors

Penilaian kinerja tahunan Dewan Komisaris dan Direksi        The annual performance assessment of the Board of
berlandaskan pada sejumlah indikator utama yang telah        Commissioners and Board of Directors is based on a
ditetapkan Perseroan, antara lain:                           number of key indicators set by the Company, including:

•   Tingkat kehadiran dalam Rapat Direksi maupun             •   Attendance rate at Board of Directors meetings and
    Rapat Gabungan Direksi dan Dewan Komisaris;                  joint meetings of the Board of Directors and Board
                                                                 of Commissioners;

•   Kontribusi Dewan Komisaris dalam proses pengawasan       •   Contribution of the Board of Commissioners in the
    dan pemberian nasihat terhadap Jajaran Manajemen;            process of supervising and advising the Management;

•   Kesesuaian rencana dan tindakan dengan visi dan misi     •   The alignment of plans and actions with the Company's
    Perseroan dengan prinsip-prinsip GCG;                        vision and mission and with the principles of GCG;

•   Keberhasilan seluruh anggota Direksi baik secara         •   The success of all members of the Board of Directors,
    kolegial maupun individu dalam menjalankan pengurusan        both collectively and individually, in managing the
    perusahaan selama 1 (satu) tahun buku; dan                   company during one (1) financial year; and

•   Kepatuhan Perseroan terhadap Peraturan Perundang-        •   The Company's compliance with applicable laws and
    undangan yang berlaku dan kebijakan perusahaan.              regulations and company policies.

Pihak Penilai                                                Assessing Parties

Proses penilaian kinerja Dewan Komisaris dilaksanakan        The performance assessment of the Board of
oleh Pemegang Saham dalam RUPS. Di sisi lain, penilaian      Commissioners is carried out by the Shareholders at
kinerja Direksi dilakukan oleh Dewan Komisaris, yang         the Annual GMS. On the other hand, the performance
kemudian hasil dari penilaian tersebut disampaikan           assessment of the Board of Directors is carried out by the
kepada Pemegang Saham dalam RUPS.                            Board of Commissioners, and the results of the assessment
                                                             are then submitted to the Shareholders at the Annual GMS.

Pada RUPST tahun 2025, kinerja Direksi dan Dewan             At the 2025 Annual GMS, the performance of the Board
Komisaris yang tertuang dalam Laporan Tahunan,               of Directors and Board of Commissioners as outlined in
Laporan Keuangan, serta Laporan Pengawasan Dewan             the Annual Report, Financial Statements, and Board of
Komisaris telah diterima dengan baik oleh RUPS dan sudah     Commissioners' Supervisory Report was well received by
mendapatkan acquit de charge.                                the GMS and has been acquitted.




Laporan Tahunan Annual Report 2025                                                                                   141
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Ikhtisar Kinerja                 Laporan Manajemen            Profil Perusahaan             Analisis dan Pembahasan Manajemen
Highlights Performance           Management Report            Company Profile               Management Discussion and Analysis




Kebijakan Nominasi dan Remunerasi Dewan Komisaris dan
Direksi
Nomination and Remuneration Policy of the Board of Commissioners and Board of Directors


Kebijakan terkait nominasi dan remunerasi Dewan               Policies related to the nomination and remuneration of the
Komisaris dan Direksi merupakan wewenang pemegang             Board of Commissioners and the Board of Directors are the
saham yang diputuskan melalui mekanisme RUPS.                 authority of the shareholders, which are decided through
                                                              the Annual GMS mechanism.

Nominasi Dewan Komisaris dan Direksi                          Nomination of the Board of Commissioners and
                                                              Board of Directors

Nominasi Dewan Komisaris dan Direksi merupakan suatu          The nomination of the Board of Commissioners and Board
proses dalam tata kelola perusahaan yang bertujuan            of Directors is a process in corporate governance that aims
untuk memastikan komposisi kepemimpinan yang dimiliki         to ensure that the Company's leadership composition is
Perseroan kompeten, independen, serta selaras dengan          competent, independent, and in line with the Company's
visi jangka panjang Perseroan. Nominasi Dewan Komisaris       long-term vision. The nomination of the Board of
dan Direksi juga dilakukan sebagai upaya menyegarkan          Commissioners and Board of Directors is also carried
manajemen dan meningkatkan kinerja Perseroan.                 out as an effort to refresh management and improve the
                                                              Company's performance.

Prosedur nominasi anggota Dewan Komisaris dan Direksi         The procedure for nominating members of the Board
Perseroan dilakukan berlandaskan pada prinsip Good            of Commissioners and Board of Directors of the
Corporate Governance (GCG) dan peraturan perundang-           Company is based on the principles of Good Corporate
undangan yang berlaku. Dikarenakan Perseroan                  Governance (GCG) and applicable laws and regulations.
belum memiliki Komite Nominasi dan Remunerasi,                Since the Company does not yet have a Nomination and
maka dari itu tanggung jawab nominasi, evaluasi,              Remuneration Committee, the responsibility for nominating,
dan rekomendasi calon anggota Dewan Komisaris                 evaluating, and recommending candidates for the Board
dan Direksi berada di tangan Dewan Komisaris.                 of Commissioners and Board of Directors rests with the
                                                              Board of Commissioners.

Tahapan Nominasi                                              Nomination Stages
1. Penilaian Kriteria:                                        1. Criteria Assessment:

      •   Calon dinilai berdasarkan kriteria yang telah          •    Candidates are assessed based on predetermined
          ditentukan, termasuk kompetensi, pengalaman, dan            criteria, including competence, experience, and
          integritas.                                                 integrity.

      •   Profiling dilakukan secara menyeluruh untuk            •    Comprehensive profiling is conducted to ensure
          memastikan     kandidat memenuhi   kebutuhan                that candidates meet the Company's strategic
          strategis Perseroan.                                        needs.

2. Pengajuan dalam RUPS:                                      2. Submission to the Annual GMS:

      •   Setelah proses identifikasi dan evaluasi selesai,      •    After the identification and evaluation process is
          daftar kandidat diajukan dalam Rapat Umum                   complete, the list of candidates is submitted to
          Pemegang Saham (RUPS) untuk mendapatkan                     the General Meeting of Shareholders (GMS) for
          pertimbangan dan persetujuan.                               consideration and approval.

Melalui proses ini, Perseroan memastikan nominasi             Through this process, the Company ensures that the
anggota Dewan Komisaris dan Direksi dilaksanakan              nomination of members of the Board of Commissioners
dengan prinsip transparansi, akuntabilitas, serta             and Board of Directors is carried out with the principles
keselarasan terhadap kebutuhan strategis Perseroan.           of transparency, accountability, and alignment with the
                                                              Company's strategic needs.




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      Tata Kelola Perusahaan         Laporan Keberlanjutan
      Good Corporate Governance      Sustainability Report




Prosedur Penetapan Remunerasi                                Procedure for Determining the Remuneration
Dewan Komisaris dan Direksi                                  of the Board of Commissioners and Board of
                                                             Directors

Penetapan kebijakan remunerasi Dewan Komisaris dan           The determination of the remuneration policy for the
Direksi merupakan kewenangan Pemegang Saham yang             Board of Commissioners and the Board of Directors is the
dilakukan melalui RUPS, dengan mengacu pada peraturan        authority of the Shareholders, which is carried out through
perundang-undangan dan Anggaran Dasar Perseroan.             the Annual GMS, with reference to the laws and regulations
Pertimbangan penetapan remunerasi dilakukan dengan           and the Company's Articles of Association. Remuneration is
mempertimbangkan hasil penilaian kinerja tahunan Dewan       determined by taking into account the results of the annual
Komisaris. Untuk kompensasi Direksi, ditetapkan oleh RUPS    performance appraisal of the Board of Commissioners.
dengan kewenangan yang dilimpahkan kepada Dewan              The remuneration of the Board of Directors is determined
Komisaris atau pihak lain yang ditunjuk oleh RUPS dalam      by the Annual GMS, with the authority delegated to the
menentukan struktur dan besaran remunerasi Direksi.          Board of Commissioners or other parties appointed by
                                                             the Annual GMS to determine the structure and amount of
                                                             remuneration for the Board of Directors.

Indikator Penetapan Remunerasi Dewan Komisaris               Indicators for Determining the Remuneration of the
dan Direksi                                                  Board of Commissioners and Board of Directors
Beberapa indikator yang menjadi acuan Perseroan dalam        Several indicators are used as a reference by the
menetapkan remunerasi Dewan Komisaris dan Direksi,           Company in determining the remuneration of the Board of
antara lain:                                                 Commissioners and Board of Directors, including:

1. Remunerasi yang berlaku di industri sejenis;              1. Remuneration applicable in similar industries;

2. Pencapaian target kinerja atau kinerja masing-masing      2. Achievement of performance targets or the performance
   anggota Dewan Komisaris dan Direksi; dan                     of each member of the Board of Commissioners and
                                                                Board of Directors; and

3. Pencapaian kinerja keuangan dan operasional Perseroan.    3. The Company's financial and operational performance.

Struktur Remunerasi Dewan Komisaris dan Direksi              Remuneration   Structure   for    the         Board     of
                                                             Commissioners and Board of Directors
Struktur remunerasi untuk Dewan Komisaris dan Direksi        The remuneration structure for the Board of Commissioners
terdiri dari:                                                and Board of Directors consists of:

1. Honorarium                                                1. Honorarium.

2. Fasilitas                                                 2. Facilities.

Besaran Remunerasi Dewan Komisaris dan Direksi               Remuneration Amounts for the Board of Commissioners
Tahun 2025                                                   and Board of Directors in 2025
Pada tahun 2025, Dewan Komisaris menerima remunerasi         In 2025, the Board of Commissioners received remuneration
sebesar Rp2.405.013.293 dan Direksi Perseroan                amounting to Rp2,405,013,293 and the Company's
menerima remunerasi sebesar Rp19.012.912.376.                Board of Directors received remuneration amounting to
                                                             Rp19,012,912,376.




Laporan Tahunan Annual Report 2025                                                                                  143
Page 146
Ikhtisar Kinerja                     Laporan Manajemen                        Profil Perusahaan                         Analisis dan Pembahasan Manajemen
Highlights Performance               Management Report                        Company Profile                           Management Discussion and Analysis




Pengungkapan Hubungan Afiliasi Anggota Dewan Komisaris,
Direksi, dan Pemegang Saham Utama dan/atau Pengendali
Disclosure of Affiliated Relationships of Members of the Board of Commissioners,
Board of Directors, and Major and/or Controlling Shareholders


Pengungkapan hubungan afiliasi antara anggota Direksi,                       Disclosure of affiliate relationships between members
Dewan Komisaris, dan Pemegang Saham Pengendali                               of the Board of Directors, Board of Commissioners, and
digunakan sebagai salah satu kriteria untuk mengukur                         Controlling Shareholders is used as one of the criteria for
independensi organ Perseroan, yang meliputi:                                 measuring the independence of the Company's organs,
                                                                             which includes:

1. Hubungan    afiliasi    antara             anggota           Direksi      1. Affiliated relationships between members of the
   dengan anggota Direksi lainnya;                                              Board of Directors and other members of the Board
                                                                                of Directors;

2. Hubungan         afiliasi    antara                        anggota        2. Affiliated relationships between members of the
   Direksi dan anggota Dewan Komisaris;                                         Board of Directors and members of the Board
                                                                                of Commissioners;

3. Hubungan afiliasi antara anggota Direksi dengan                           3. Affiliated relationships between members of the
   Pemegang Saham Utama dan/atau pengendali;                                    Board of Directors and Major Shareholders and/or
                                                                                Controlling Shareholders;

4. Hubungan afiliasi antara anggota Dewan Komisaris                          4. Affiliated relationships between members of the Board
   dengan anggota Komisaris lainnya; dan                                        of Commissioners and other members of the Board of
                                                                                Commissioners; and

5. Hubungan afiliasi antara anggota Dewan Komisaris                          5. Affiliated relationships between members of the Board
   dengan Pemegang Saham Utama dan/atau pengendali.                             of Commissioners and Major Shareholders and/or
                                                                                Controlling Shareholders.

Hubungan     afiliasi     antara     Dewan       Komisaris,                  Affiliated   relationships between      the   Board     of
Direksi,  dan     Pemegang       Saham      Utama     dan/                   Commissioners, the Board of Directors, and Major
atau Pengendali dapat dilihat pada tabel berikut:                            Shareholders and/or Controlling Parties can be seen in the
                                                                             following table:


                                                                  Hubungan Keuangan dan Keluarga Komisaris
                                                              Financial and Family Relationships of Commissioners

                                        Hubungan Keuangan Dengan                                          Hubungan Keluarga Dengan
                                         Financial Relationship With                                       Family Relationship With
 Nama
                                                                    Pemegang Saham                                                      Pemegang Saham
 Name                    Dewan Komisaris                                                 Dewan Komisaris
                                                  Direksi              Pengendali                                  Direksi                 Pengendali
                            Board of                                                        Board of
                                             Board of Directors        Controlling                            Board of Directors           Controlling
                          Commissioners                                                   Commissioners
                                                                      Shareholders                                                        Shareholders

                          Ya      Tidak        Ya       Tidak        Ya        Tidak       Ya       Tidak       Ya            Tidak       Ya       Tidak
                          Yes      No          Yes       No          Yes        No         Yes       No         Yes            No         Yes       No

 Zainal Hadi HAS HB                 √                     √                      √                    √             √                      √

 Hendra Iskandar Lubis              √                     √                      √                    √                         √                    √

 Iwanho                             √                     √                      √                    √                         √                    √

 Jayanti Sari                       √                     √                      √          √                                   √          √

 Rahmad Pudjotomo                   √                     √                      √                    √                         √                    √

 Laorentina Devi                    √                     √                      √                    √                         √                    √

 Rickie                             √                     √                      √                    √                         √                    √




144                                                                                                           PT Hasnur Internasional Shipping Tbk
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       Tata Kelola Perusahaan           Laporan Keberlanjutan
       Good Corporate Governance        Sustainability Report




Komite Audit
Audit Committee


Komite Audit merupakan organ pendukung di bawah                 The Audit Committee is a supporting body under the Board
Dewan Komisaris yang bertugas membantu pelaksanaan              of Commissioners tasked with assisting the Board of
fungsi Dewan Komisaris dalam pengawasan khususnya               Commissioners in its supervisory functions, particularly in
di bidang keuangan, audit, dan kepatuhan. Peran Komite          the areas of finance, auditing, and compliance. The role of
Audit mencakup:                                                 the Audit Committee includes:

1. Pengawasan Laporan Keuangan:                                 1. Financial Statement Oversight:

   •    Memastikan keandalan sistem dan proses pelaporan           •   Ensuring the reliability of the Company's financial
        keuangan Perseroan; dan                                        reporting systems and processes; and

   •    Melakukan pengawasan terhadap proses audit atas            •   Overseeing the audit process of financial reports.
        laporan keuangan.

2. Evaluasi Sistem Pengawasan Internal:                         2. Evaluation of Internal Control Systems:

   •    Mengevaluasi pelaksanaan pengawasan internal               •   Evaluating the implementation of internal control;
        (internal control); dan                                        and

   •    Menilai kinerja Unit Audit Internal.                       •   Assessing the performance of the Internal Audit Unit.

3. Evaluasi Kinerja Teknis dan Operasional:                     3. Technical and Operational Performance Evaluation:

   •    Memberikan pendapat atas kinerja teknis dan                •   Providing opinions on the technical and operational
        operasional perusahaan.                                        performance of the company.

4. Kepatuhan terhadap Regulasi:                                 4. Regulatory Compliance:

   •    Memastikan Perseroan mematuhi ketentuan dan                •   Ensuring that the Company complies with applicable
        peraturan perundang-undangan yang berlaku.                     laws and regulations.

Pembentukan dan Landasan Hukum                                  Establishment and Legal Basis

Pembentukan Komite Audit Perseroan didasarkan pada              The establishment of the Company's Audit Committee is
Keputusan Rapat Dewan Komisaris Nomor 0387/HISJKT/              based on the Board of Commissioners' Meeting Resolution
COMOP053/III-2021 tertanggal 1 April 2021, dengan peran         Number        0387/HISJKT/COMOP053/III-2021         dated
dan fungsi komite yang berpedoman pada Peraturan                1 April 2021, with the role and function of the committee
Otoritas Jasa Keuangan (POJK) Nomor 55/POJK.04/2015             guided by Financial Services Authority Regulation (POJK)
mengenai Pembentukan dan Pedoman Pelaksanaan                    Number 55/POJK.04/2015 concerning the Establishment
Kerja Komite Audit, yang telah diundangkan pada                 and Guidelines for the Implementation of the Audit
23 Desember 2015.		                                             Committee, which was promulgated on 23 December 2015.

Piagam Komite Audit                                             Audit Committee Charter

Piagam Komite Audit disusun mengacu pada ketentuan              The Audit Committee Charter was prepared with
Peraturan Otoritas Jasa Keuangan (OJK) No. 55/                  reference to the provisions of Financial Services Authority
POJK.04/2015 tentang Pembentukan dan Pedoman                    (OJK) Regulation No. 55/POJK.04/2015 concerning the
Pelaksanaan Kerja Komite Audit, dan telah ditetapkan            Establishment and Guidelines for the Implementation
melalui SK Dewan Komisaris. Piagam Komite Audit                 of the Audit Committee's Work, and has been stipulated
berfungsi sebagai pedoman dalam melaksanakan peran              through a Board of Commissioners Decree. The Audit
dan tanggung jawabnya secara transparan, akuntabel,             Committee Charter serves as a guideline in carrying out
kompeten, dan independen dalam membantu pelaksanaan             its roles and responsibilities in a transparent, accountable,
tugas pengawasan Dewan Komisaris                                competent, and independent manner in assisting the Board
                                                                of Commissioners in performing its supervisory duties.




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Ikhtisar Kinerja                          Laporan Manajemen                          Profil Perusahaan                       Analisis dan Pembahasan Manajemen
Highlights Performance                    Management Report                          Company Profile                         Management Discussion and Analysis




Struktur, Keanggotaan, dan Masa Jabatan                                             Structure, Membership, and Term of Office

Struktur, keanggotaan, dan masa jabatan Komite Audit                                The structure, membership, and term of office of the
diatur dalam Anggaran Dasar Perseroan. Komite Audit                                 Audit Committee are regulated in the Company's Articles
diangkat dan diberhentikan oleh Dewan Komisaris,                                    of Association. The Audit Committee is appointed and
dengan ketentuan masa tugasnya tidak boleh melebihi                                 dismissed by the Board of Commissioners, with the
dari masa jabatan Dewan Komisaris dan dapat dipilih                                 provision that its term of office may not exceed that of the
kembali hanya untuk 1 (satu) periode berikutnya.                                    Board of Commissioners and may only be re-elected for
                                                                                    one (1) subsequent term.

Komposisi keanggotaan Komite Audit Perseroan terdiri                                The composition of the Company's Audit Committee
dari 3 (tiga) orang yang terdiri dari seorang Ketua Komite                          consists of 3 (three) persons, comprising a Committee
dan 2 (dua) orang anggota lainnya yang merupakan                                    Chair and 2 (two) other members who are external
tenaga profesional eksternal. Proses pengangkatan setiap                            professionals. The appointment process for each member
anggota senantiasa mempertimbangkan aspek kompetensi                                always considers aspects of competence and alignment
dan keselarasan dengan kebutuhan strategis Perseroan.                               with the Company's strategic needs.

Keanggotaan Komite Audit Perseroan mengalami                                        The membership of the Company's Audit Committee
perubahan di tahun 2025, berdasarkan Surat No. 589/                                 underwent changes in 2025, based on Letter No. 589/
HIS-JKT/CORSEC-UM06/XII/2025 dengan diangkatnya                                     HIS-JKT/CORSEC-UM06/XII/2025 with the appointment
Ir. Hendra Iskandar Lubis sebagai Ketua Komite Audit,                               of Ir. Hendra Iskandar Lubis as Chairman of the Audit
menggantikan Nur Prasetyo, dan mengangkat Yuli Purwanto                             Committee, replacing Nur Prasetyo, and the appointment
sebagai Anggota Komite Audit sehingga susunan Komite                                of Yuli Purwanto as a Member of the Audit Committee,
Audit per 31 Desember 2025, adalah sebagai berikut:                                 so that the composition of the Audit Committee as of
                                                                                    31 December 2025, is as follows:


 Nama                     Jabatan      Dasar Pengangkatan                                             Masa Jabatan                            Keterangan
 Name                     Position     Basis of Appointment                                           Term of Office                          Notes

 Hendra Iskandar Lubis    Ketua        Keputusan Dewan Komisaris Perseroan Nomor 455/HIS-             4 November 2025–1 April 2026            Komisaris
                          Chairman     JKT/KOMUM06/X/2025 tanggal 04 November 2025                                                            Independen
                                       Board of Commissioners' Resolution No. 455/HIS-JKT/                                                    Independent
                                       KOMUM06/X/2025 dated 4 November 2025                                                                   Commissioner

 Boy Hamdani Tamin        Anggota      Keputusan Dewan Komisaris Perseroan Nomor 0387/                29 Maret 2021–1 April 2026              Pihak Independen
                          Member       HIS-JKT/COM-OP053/III-2021 tanggal 29 Maret 2021               29 March 2021–1 April 2026              Independent Party
                                       Board of Commissioners Resolution No. 0387/HIS-JKT/
                                       COM-OP053/III-2021 dated 29 March 2021

 Yuli Purwanto            Anggota      Keputusan Dewan Komisaris Perseroan Nomor 528/HIS-             18 Desember 2025–1 April 2026           Pihak Independen
                          Member       JKT/KOM-UM06/XII/2025 tanggal 18 Desember 2025                 18 December 2025–1 April 2026           Independent Party
                                       Board of Commissioners' Resolution No. 528/HIS-JKT/
                                       KOM-UM06/XII/2025 dated 18 December 2025




 Hendra Iskandar Lubis
 Ketua Komite Audit
 Chairman of the Audit Committee


 Profil                              Profil beliau dapat dilihat pada bagian Profil Dewan Komisaris pada Bab Profil Perusahaan
 Profile                             His profile can be viewed in the Board of Commissioners Profile section in the Company Profile chapter




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        Tata Kelola Perusahaan                   Laporan Keberlanjutan
        Good Corporate Governance                Sustainability Report




 Boy Hamdani Tamin
 Anggota Komite Audit
 Member of the Audit Committee


 Usia Age                           68 tahun years old

 Kewarganegaraan Nationality        Indonesia

 Domisili Residence                 Bogor

 Riwayat Pendidikan                 Sarjana Ekonomi di STIE Perbanas (1992)
 Education History                  Bachelor of Economics at STIE Perbanas (1992)

 Riwayat Pekerjaan                  •   Akuntan di Kantor Akuntan Hans Kartikahadi (1979–1982);
 Career History                         Accountant at Hans Kartikahadi Accounting Firm (1979–1982);
                                    •   Manager di PT SK Cahaya Cemerlang (Dealer Hino) (1985);
                                        Manager at PT SK Cahaya Cemerlang (Hino Dealer) (1985);
                                    •   Finance Manager Proyek Pengembangan Briket Batu Bara di PT Batubara Bukit Asam (Persero) (1986–2002)
                                        Finance Manager for the Coal Briquette Development Project at PT Batubara Bukit Asam (the Company) (1986–2002)
                                    •   Project Manager di PT Kalimantan Energi Lestari (2003–2004)
                                        Project Manager at PT Kalimantan Energi Lestari (2003–2004)
                                    •   Kepala Keuangan di PT Professional Mining Services (2005–2010)
                                        Chief Financial Officer at PT Professional Mining Services (2005–2010)
                                    •   Direktur PT Professional Mining Services (2011–2013)
                                        Director at PT Professional Mining Services (2011–2013)
                                    •   Manager Mining Cost Control & Analyst di PT Dizamatra Powerindo (2014–2016)
                                        Manager of Mining Cost Control & Analyst at PT Dizamatra Powerindo (2014–2016)

 Jabatan Lainnya                    Tidak Ada
 Concurrent Positions               None

 Dasar Hukum Pengangkatan           Keputusan Dewan Komisaris Perseroan Nomor 0387/HIS-JKT/COM-OP053/III-2021 tanggal 29 Maret 2021
 Legal Basis for Appointment        Board of Commissioners' Resolution No. 0387/HIS-JKT/COM-OP053/III-2021 dated 29 March 2021

 Hubungan Afiliasi                  Tidak Memiliki hubungan afiliasi dengan anggota Dewan Komisaris, Direksi dan Pemegang Saham Pengendali
 Affiliated Relationships           No affiliation with members of the Board of Commissioners, Board of Directors, and Controlling Shareholders

 Periode Jabatan Term of Office     1




 Yuli Purwanto
 Anggota Komite Audit
 Member of the Audit Committee


 Usia Age                           59 tahun years old

 Kewarganegaraan Nationality        Indonesia

 Domisili Residence                 Jakarta

 Riwayat Pendidikan                 Sarjana Teknik Perkapalan di Institut Teknologi Sepuluh Nopember
 Education History                  Bachelor of Marine Engineering at Institut Teknologi Sepuluh Nopember

 Sertifikasi                        •   Naval Architecture, Institut Teknologi Sepuluh Nopember, Surabaya
 Certifications                     •   Senior Professional Engineer Certificate - PII
                                    •   Internal Auditor ISM, ISPS, MLC, ISO 9001, ISO 14001, ISO 45001
                                    •   Designated Person, CSO, MLC Inspector, Quality Management Representative

 Riwayat Pekerjaan                  •   Quality Assurance & Quality Control Manager di PT Jasa Marina Indah (1991–1992)
 Career History                         Quality Assurance & Quality Control Manager at PT Jasa Marina Indah (1991–1992)
                                    •   Planning Engineer di PT Samudera Indonesia (1993–1993)
                                        Planning Engineer at PT Samudera Indonesia (1993–1993)
                                    •   Management Information System & QMR PT Samudera Denholm Ship Management (1996–2000)
                                        Management Information System & QMR at PT Samudera Denholm Ship Management (1996–2000)
                                    •   Pengajar di BP3IP (2000–2007)
                                        Lecturer at BP3IP (2000–2007)
                                    •   Quality Control Manager, DPA, QMR, EMR, CSO di PT Samudera Indonesia Ship Management (2000–2018)
                                        Quality Control Manager, DPA, QMR, EMR, CSO at PT Samudera Indonesia Ship Management (2000–2018)
                                    •   Operation Division Head, DPA, QMR di PT Samudera Indonesia Ship Management (2018–2019)
                                        Operation Division Head, DPA, QMR at PT Samudera Indonesia Ship Management (2018–2019)
                                    •   Advisor to Director di PT Samudera Indonesia Ship Management (2023–2024)
                                        Advisor to Director at PT Samudera Indonesia Ship Management (2023–2024)
                                    •   Instruktur di Samudera Indonesia Corporate University (2019–Sekarang)
                                        Instructor at Samudera Indonesia Corporate University (2019–Present)

 Jabatan Lainnya                    Tidak Ada
 Concurrent Positions               None

 Dasar Hukum Pengangkatan           Keputusan Dewan Komisaris Perseroan Nomor 528/HIS-JKT/KOM-UM06/XII/2025 tanggal 18 Desember 2025
 Legal Basis for Appointment        Board of Commissioners' Resolution No. 528/HIS-JKT/KOM-UM06/XII/2025 dated 18 December 2025

 Hubungan Afiliasi                  Tidak Memiliki hubungan afiliasi dengan anggota Dewan Komisaris, Direksi dan Pemegang Saham Pengendali
 Affiliated Relationships           No affiliation with members of the Board of Commissioners, Board of Directors, and Controlling Shareholders

 Periode Jabatan Term of Office     1



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Ikhtisar Kinerja                Laporan Manajemen             Profil Perusahaan             Analisis dan Pembahasan Manajemen
Highlights Performance          Management Report             Company Profile               Management Discussion and Analysis




Independensi Komite Audit                                     Independence of the Audit Committee

Setiap anggota Komite Audit diwajibkan senantiasa menjaga     Each member of the Audit Committee is required to
integritas serta bersikap independen dalam melaksanakan       maintain integrity and independence in carrying out their
tugas dan tanggung jawabnya. Kepemimpinan Komite Audit        duties and responsibilities. The Audit Committee is led by
berada di bawah Komisaris Independen dan beranggotakan        an Independent Commissioner and consists of external
profesional dari eksternal, sebagaimana tertera Peraturan     professionals, as stipulated in OJK Regulation Number
OJK Nomor 55/POJK.04/2015 tentang Pembentukan dan             55/POJK.04/2015 concerning the Establishment and
Pedoman Pelaksanaan Kerja Komite Audit.                       Guidelines for the Implementation of the Audit Committee.

Komite Audit melaksanakan fungsi pengawasannya secara         The Audit Committee performs its supervisory functions
independen serta memiliki kewenangan penuh untuk              independently and has full authority to examine and
memeriksa serta mengevaluasi seluruh kebijakan, prosedur,     evaluate all of the Company's accounting policies,
dan praktik akuntansi Perseroan. Prinsip independensi         procedures, and practices. The principle of independence
Komite Audit diwujudkan dengan tidak memiliki hubungan        of the Audit Committee is realized by not having any
afiliasi baik dengan sesama anggota Komite Audit, Dewan       affiliations with fellow members of the Audit Committee,
Komisaris, Direksi, maupun Pemegang Saham.                    the Board of Commissioners, the Board of Directors,
                                                              or Shareholders.

Tugas, Tanggung Jawab, dan Wewenang Komite                    Duties, Responsibilities, and Authorities of the
Audit                                                         Audit Committee

Tugas dan Tanggung Jawab                                      Duties and Responsibilities
Tugas dan tanggung jawab Komite Audit diatur dalam            The duties and responsibilities of the Audit Committee
Piagam Komite Audit Perseroan, antara lain sebagai            are stipulated in the Company's Audit Committee Charter,
berikut:                                                      including the following:

1. Melakukan penelaahan atas informasi keuangan               1. Reviewing financial information to be disclosed by the
   yang akan dikeluarkan Perseroan kepada publik dan/            Company to the public and/or authorities, including
   atau pihak otoritas antara lain laporan keuangan,             financial statements, projections, and other reports
   proyeksi, dan laporan lainnya terkait dengan informasi        related to the Company's financial information;
   keuangan Perseroan;

2. Melakukan penelaahan atas ketaatan terhadap                2. Reviewing compliance with laws and regulations
   peraturan perundang-undangan yang berhubungan                 related to the Company's activities;
   dengan kegiatan Perseroan;

3. Memberikan pendapat independen dalam hal terjadi           3. Providing independent opinions in the event of
   perbedaan pendapat antara manajemen dan Akuntan               differences of opinion between management and the
   atas jasa yang diberikannya;                                  Accountant regarding the services provided;

4. Memberikan rekomendasi kepada Dewan Komisaris              4. Providing recommendations to the Board of
   mengenai penunjukan Akuntan yang didasarkan                   Commissioners regarding the appointment of
   pada independensi, ruang lingkup penugasan, dan               Accountants based on independence, scope of
   imbalan jasa;                                                 assignment, and service fees;

5. Melakukan penelaahan atas pelaksanaan pemeriksaan          5. Reviewing the implementation of audits by internal
   oleh auditor internal dan mengawasi pelaksanaan               auditors and supervising the implementation of follow-
   tindak lanjut oleh Direksi atas temuan auditor internal;      up actions by the Board of Directors on the findings of
                                                                 internal auditors;

6. Melakukan penelaahan terhadap aktivitas pelaksanaan        6. Reviewing the implementation of risk management
   manajemen risiko yang dilakukan oleh Direksi, jika            activities carried out by the Board of Directors, if the
   Perusahaan tidak memiliki fungsi pemantau risiko di           Company does not have a risk monitoring function
   bawah Dewan Komisaris;                                        under the Board of Commissioners;

7. Menelaah pengaduan yang berkaitan dengan proses            7. Reviewing complaints related to the Company's
   akuntansi dan pelaporan keuangan Perseroan;                   accounting and financial reporting processes;

8. Menelaah dan memberikan saran kepada Dewan                 8. Reviewing and providing advice to the Board of
   Komisaris terkait dengan adanya potensi benturan              Commissioners regarding potential conflicts of interest
   kepentingan Perseroan; dan                                    within the Company; and

9. Menjaga     kerahasiaan      dokumen,       data,   dan    9. Maintaining the confidentiality of the Company's
   informasi Perseroan.                                          documents, data, and information.



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        Good Corporate Governance                Sustainability Report




Wewenang                                                                       Authority
Komite Audit memiliki wewenang dalam melaksanakan                              The Audit Committee has the authority to carry out its
tugasnya, antara lain untuk:                                                   duties, including:

1. Mengakses dokumen, data, dan informasi Perusahaan                           1. Accessing the Company's documents, data, and
   tentang karyawan, dana, aset, dan sumber daya                                  information about employees, funds, assets, and
   perusahaan yang diperlukan;                                                    company resources as necessary;

2. Berkomunikasi langsung dengan karyawan, termasuk                            2. Communicating directly with employees, including the
   Direksi dan pihak yang menjalankan fungsi audit                                Board of Directors and parties performing internal audit,
   internal, manajemen risiko, dan Akuntan terkait tugas                          risk management, and accounting functions related to
   dan tanggung jawab Komite Audit;                                               the duties and responsibilities of the Audit Committee;

3. Melibatkan pihak independen di luar anggota Komite                          3. Involving independent parties outside the Audit
   Audit yang diperlukan untuk membantu pelaksanaan                               Committee members as necessary to assist in the
   tugasnya (jika diperlukan); dan                                                performance of its duties (if necessary); and

4. Melakukan kewenangan lain yang diberikan oleh                               4. Exercising other authorities granted by the Board of
   Dewan Komisaris.                                                               Commissioners.

Rapat Komite Audit                                                             Audit Committee Meetings
Rapat Komite Audit diatur dalam piagam Komite Audit                            Audit Committee meetings are regulated in the Audit
dengan ketentuan Komite Audit mengadakan rapat                                 Committee charter with the provision that the Audit
secara berkala paling sedikit 1 (satu) kali dalam 3 (tiga)                     Committee holds meetings periodically at least once
bulan, dengan kuorum yang dihadiri oleh lebih dari                             every 3 (three) months, with a quorum attended by more
setengah jumlah anggota. Pengambilan keputusan dalam                           than half of the members. Resolution-making in Audit
rapat Komite Audit dilakukan dengan cara musyawarah                            Committee meetings is carried out through deliberation to
untuk mufakat.                                                                 reach consensus.

Sepanjang tahun 2025, Komite Audit Perseroan telah                             Throughout 2025, the Company's Audit Committee has
mengadakan rapat internal Komite Audit sebanyak 4                              held internal Audit Committee meetings a total of 4 (four)
(empat) kali. Adapun frekuensi kehadiran anggota Komite                        times. The frequency of attendance of Audit Committee
Audit adalah sebagai berikut:                                                  members is as follows:


 Nama                           Jabatan                        Jumlah Rapat              Kehadiran                 Tingkat Kehadiran
 Name                           Position                       Number of Meetings        Attendance                Attendance Rate

 Hendra Iskandar Lubis          Ketua                          4                         4                         100%
                                Chairman

 Boy Hamdani Tamin              Anggota                        4                         4                         100%
                                Member

 Yuli Purwanto*                 Anggota                        1                         1                         100%
                                Member

 Keterangan | Notes:
 *) Menjabat sejak 18 Desember 2025 | In office since 18 December 2025.



Pengembangan Kompetensi Komite Audit                                           Audit Committee Competency Development
Perseroan memfasilitasi pelatihan dan peningkatan                              The Company facilitates training and competency
kompetensi bagi anggota Komite Audit untuk meningkatkan                        development for Audit Committee members to improve the
kualitas dan kapabilitas Komite Audit dalam melaksanakan                       quality and capabilities of the Audit Committee in performing
tugasnya dalam membantu Dewan Komisaris sebagai                                its duties in assisting the Board of Commissioners as the
pengawas Perseroan. Perseroan memastikan seluruh                               Company's supervisory body. The Company ensures
anggota Komite Audit memperoleh informasi terkini terkait                      that all Audit Committee members receive the latest
bisnis, kebijakan, dan perkembangan industri yang relevan                      information related to the business, policies, and industry
dengan Perseroan.                                                              developments relevant to the Company.

Program Pengembangan Kompetensi Tahun 2025                                     2025 Competency Development Program
Sepanjang tahun 2025, Komite Audit telah berpartisipasi                        Throughout 2025, the Audit Committee participated
dalam beberapa kegiatan pengembangan kompetensi                                in   several   competency  development  activities
yang dilakukan secara mandiri.                                                 conducted independently.




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Ikhtisar Kinerja                       Laporan Manajemen              Profil Perusahaan             Analisis dan Pembahasan Manajemen
Highlights Performance                 Management Report              Company Profile               Management Discussion and Analysis




Pelaksanaan Tugas Komite Audit Tahun 2025                             Implementation of the Audit Committee's Duties
                                                                      in 2025

Selama tahun 2025, Komite Audit Perseroan telah                       Throughout 2025, the Company's Audit Committee
melaksanakan tugas dan tanggung jawabnya dengan                       has carried out its duties and responsibilities with the
rincian sebagai berikut                                               following details

1. Menelaah laporan keuangan triwulan, semesteran dan                 1. Reviewing the Company's quarterly, semi-annual, and
   tahunan Perseroan sebelum dipublikasikan.                             annual financial reports prior to publication.

2. Memantau proses audit eksternal dan internal.                      2. Monitoring the external and internal audit processes.

3. Mengevaluasi          efektivitas     pengendalian      internal   3. Evaluating the effectiveness         of    the   Company's
   Perseroan.                                                            internal controls.

4. Mengkaji kepatuhan terhadap peraturan perundang-                   4. Reviewing     compliance      with        applicable    laws
   undangan yang berlaku.                                                and regulations.

5. Menyediakan saran dan rekomendasi kepada Direksi                   5. Providing advice and recommendations to the Board
   dan Dewan Komisaris terkait perbaikan proses dan                      of Directors and Board of Commissioners regarding
   pengendalian internal.                                                improvements to processes and internal controls.




Komite Nominasi dan Remunerasi
Nomination and Remuneration Committee


Hingga akhir tahun 2025, Perseroan belum membentuk                    Until the end of 2025, the Company has not formed
Komite Nominasi dan Remunerasi, dengan dengan                         a Nomination and Remuneration Committee, with
pertimbangan efektivitas struktur tata kelola serta skala dan         considering the effectiveness of the governance structure
kompleksitas kegiatan usaha Perseroan. Oleh karena itu,               and the scale and complexity of the Company's business
pelaksanaan fungsi nominasi dan remunerasi sepenuhnya                 activities. Therefore, the implementation of the nomination
menjadi tanggung jawab Dewan Komisaris, sesuai dengan                 and remuneration functions is entirely the responsibility
Pedoman Fungsi Nominasi dan Remunerasi Perseroan                      of the Board of Commissioners, in accordance with the
tertanggal 17 Mei 2021 yang telah menetapkan tugas dan                Company's Nomination and Remuneration Function
tanggung jawab Dewan Komisaris terkait pelaksanaan                    Guidelines dated May 17, 2021, which stipulates the
fungsi nominasi dan remunerasi. Pelaksanaan fungsi                    duties and responsibilities of the Board of Commissioners
nominasi dan remunerasi Perseroan yang dilakukan oleh                 regarding the implementation of the nomination and
Dewan Komisaris telah memenuhi ketentuan Peraturan                    remuneration functions. The implementation of the
Otoritas Jasa Keuangan Nomor 34/POJK.04/2014 (“POJK                   Company's nomination and remuneration functions
34/2014”) tentang Komite Nominasi dan Remunerasi                      by the Board of Commissioners has complied with the
Emiten atau Perusahaan Publik.                                        provisions of Financial Services Authority Regulation
                                                                      No. 34/POJK.04/2014 ("POJK 34/2014") concerning the
                                                                      Nomination and Remuneration Committee of Issuers or
                                                                      Public Companies.




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       Tata Kelola Perusahaan              Laporan Keberlanjutan
       Good Corporate Governance           Sustainability Report




Sekretaris Perusahaan
Corporate Secretary


Sekretaris Perusahaan merupakan organ pendukung                      The Corporate Secretary is a supporting organ under
yang berada di bawah dan bertanggung jawab langsung                  and directly responsible to the Board of Directors. The
kepada Direksi. Sekretaris Perusahaan memiliki tugas dan             Corporate Secretary has the duties and responsibilities
tanggung jawab sebagai penghubung antara perusahaan                  of liaising between the company and stakeholders,
dengan pemangku kepentingan, Memastikan kepatuhan                    ensuring compliance with laws and regulations, and
terhadap peraturan perundang-undangan, dan menjaga                   maintaining the Company's good image.
citra baik Perseroan.

Berikut penjabaran tugas             dan     tanggung        jawab   The following is a description of the duties and
Sekretaris Perusahaan:                                               responsibilities of the Company Secretary:

1. Liaison Officer                                                   1. Liaison Officer

   •    Mengelola komunikasi antara organ Perseroan                     •   Managing communication between the Company's
        (Direksi, Dewan Komisaris, dan RUPS); dan                           organs (Board of Directors, Board of Commissioners,
                                                                            and GMS); and
   •    Memastikan kelancaran hubungan antara Perseroan
        dengan pihak eksternal, termasuk Pemegang                       •   Ensuring smooth relations between the Company
        Saham, Regulator, dan pemangku kepentingan                          and external parties, including Shareholders,
        lainnya.                                                            Regulators, and other stakeholders.

2. Kepatuhan terhadap Regulasi                                       2. Regulatory Compliance

   •    Memastikan Perseroan mematuhi seluruh peraturan                 •   Ensuring the Company complies with all applicable
        perundang-undangan yang berlaku sebagai wujud                       laws and regulations as a manifestation of its
        komitmen penerapan Good Corporate Governance                        commitment to implementing Good Corporate
        (GCG).                                                              Governance (GCG).

3. Reputasi dan Citra Perseroan                                      3. Company Reputation and Image

   •    Menjaga dan meningkatkan citra Perseroan di mata                •   Maintaining and enhancing the Company's image in
        pemangku kepentingan.                                               the eyes of stakeholders.

Piagam Sekretaris Perusahaan                                         Corporate Secretary Charter

Piagam Sekretaris Perusahaan merupakan pedoman                       The Corporate Secretary Guidelines are official guidelines
resmi yang mengatur fungsi, tugas, dan tanggung jawab                that regulate the functions, duties, and responsibilities
Sekretaris Perusahaan dalam memastikan kepatuhan                     of the Corporate Secretary in ensuring the Company's
Perseroan terhadap peraturan perundang-undangan,                     compliance with laws and regulations, maintaining
menjaga komunikasi yang transparan dengan pemangku                   transparent communication with stakeholders, and
kepentingan, serta mendukung penerapan prinsip-                      supporting the implementation of good corporate
prinsip tata kelola perusahaan yang baik (GCG). Piagam               governance (GCG) principles. The Corporate Secretary
Sekretaris Perusahaan ditetapkan oleh Direksi dengan                 Charter is established by the Board of Directors based
berlandaskan Peraturan Otoritas Jasa Keuangan No 35/                 on Financial Services Authority Regulation No. 35/
POJK.04/2014 tentang Sekretaris Perusahaan Emiten atau               POJK.04/2014 concerning Corporate Secretaries of
Perusahaan Publik.                                                   Issuers or Public Companies.




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Ikhtisar Kinerja                         Laporan Manajemen                         Profil Perusahaan                      Analisis dan Pembahasan Manajemen
Highlights Performance                   Management Report                         Company Profile                        Management Discussion and Analysis




Profil Sekretaris Perusahaan                                                      Corporate Secretary Profile




 Rengga Temenggung
 Sekretaris Perusahaan
 Corporate Secretary


 Usia Age                      43 tahun years old

 Kewarganegaraan Nationality   Indonesia

 Domisili Residence            Jakarta

 Riwayat Pendidikan            Sarjana Hukum dari Universitas Trisakti, Jakarta (2005)
 Education History             Bachelor of Law from Trisakti University, Jakarta (2005)

 Riwayat Pekerjaan             •   Pengacara di Khaerul Saleh & Co. Law Office (2006–2009)
 Career History                    Attorney at Khaerul Saleh & Co. Law Office (2006–2009)
                               •   Pengacara Senior di AZP Legal Consultants (2009–2010)
                                   Senior Lawyer at AZP Legal Consultants (2009–2010)
                               •   Manager Corporate Legal, Communications & Secretariats di PT Jasa Angkasa Semesta, Tbk (2010–2019)
                                   Manager of Corporate Legal, Communications & Secretariats at PT Jasa Angkasa Semesta, Tbk (2010–2019)
                               •   Corporate Secretary & Legal Department Head di PT Sumberdaya Sewatama (Tiara Marga Trakindo Group) (2019)
                                   Corporate Secretary & Head of Legal Department at PT Sumberdaya Sewatama (Tiara Marga Trakindo Group) (2019)

 Jabatan Lainnya               Tidak Ada
 Concurrent Positions          None

 Dasar Hukum Pengangkatan      Surat Keputusan Direksi No. 011/HIS-JKT/DIR-OP05/I/2023 tertanggal 10 Januari 2023 tentang Pengangkatan Sekretaris Perusahaan.
 Legal Basis for Appointment   Board of Directors' Resolution No. 011/HIS-JKT/DIR-OP05/I/2023 dated 10 January regarding the Appointment of the Corporate
                               Secretary.

 Hubungan Afiliasi             Tidak Memiliki hubungan afiliasi dengan anggota Dewan Komisaris, Direksi dan Pemegang Saham Pengendali
 Affiliated Relationships      No affiliation with members of the Board of Commissioners, Board of Directors, and Controlling Shareholders




Tugas dan Tanggung Jawab Sekretaris                                               Duties and Responsibilities of the Corporate
Perusahaan                                                                        Secretary
Tugas dan tanggung jawab Sekretaris Perusahaan sesuai                             The duties and responsibilities of the Corporate Secretary
Anggaran Dasar, antara lain:                                                      in accordance with the Articles of Association include:

1. Keterbukaan informasi kepada masyarakat, termasuk                              1. Providing disclosure of information to the public,
   ketersediaan informasi pada Situs Web Perseroan;                                  including the availability of information on the
                                                                                     Company's website;

2. Penyampaian laporan kepada Otoritas Jasa Keuangan                              2. Submitting reports to the Financial Services Authority
   (OJK) dan Bursa Efek Indonesia (BEI) tepat waktu;                                 (OJK) and the Indonesia Stock Exchange (IDX) in a
                                                                                     timely manner;

3. Penyelenggaraan dan dokumentasi RUPS;                                          3. Organizing and             documenting           General      Meetings
                                                                                     of Shareholders;

4. Penyelenggaraan dan dokumentasi rapat Direksi dan/                             4. Conducting and documenting meetings of the Board of
   atau Dewan Komisaris; dan                                                         Directors and/or Board of Commissioners; and

5. Pelaksanaan program orientasi terhadap perusahaan                              5. Implementing orientation programs for the Board of
   bagi Direksi dan/atau Dewan Komisaris.                                            Directors and/or Board of Commissioners.




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        Good Corporate Governance             Sustainability Report




Pelaksanaan Tugas Sekretaris Perusahaan                                  Implementation of Corporate Secretary Duties
Tahun 2025                                                               in 2025

Selama tahun 2025, Sekretaris Perusahaan telah                           During 2025, the Corporate Secretary has performed his
melaksanakan tugas dengan rincian sebagai berikut:                       duties with the following details:

1. Penyelenggaraan kegiatan Perseroan, meliputi:                         1. Organization of the Company's activities, including:
   a. Penyelenggaraan 1 (satu) kali Rapat Umum                               a. Organizing 1 (one) Annual General Meeting of
      Pemegang    Saham  (RUPS)    Tahunan pada                                 Shareholders (GMS) on 26 March 2025;
      26 Maret 2025;
   b. Penyelenggaraan 2 (dua) kali Rapat Umum                                b. Holding two Extraordinary GMS (GMS)                         on
      Pemegang Saham Luar (RUPS) Luar Biasa pada                                26 March 2025 and 1 October 2025; and
      26 Maret 2025 dan 1 Oktober 2025; dan
   c. Penyelenggaraan                Paparan        Publik        pada       c. Holding   a     Public                 Presentation         on
      26 November 2025.                                                         26 November 2025.

2. Penyampaian laporan kepada regulator dan pemangku                     2. Submission of reports to regulators and stakeholders,
   kepentingan, meliputi:                                                   including:
   a. Laporan Keuangan Tahunan tahun buku 2024;                              a. Annual Financial Report for the 2024 financial year;
   b. Laporan Keuangan Triwulan I tahun buku 2025;                           b. Quarterly Financial Report for the first quarter of the
                                                                                2025 financial year;
   c. Laporan    Keuangan              Tengah        Tahun       tahun       c. Mid-Year Financial            Report      for    the    2025
      buku 2025;                                                                financial year;
   d. Laporan Keuangan Triwulan III tahun buku 2025;                         d. Third Quarter Financial Report for the 2025
                                                                                financial year;
   e. Laporan Tahunan dan Laporan Keberlanjutan tahun                        e. Annual Report and Sustainability                 Report     for
      buku 2024; dan                                                            the 2024 financial year; and
   f.    Laporan Bulanan Registrasi Pemegang Efek.                           f.   Monthly Securities Holder Registration Report.

3. Persiapan dan pendokumentasian rapat Direksi dan                      3. Preparation and documentation of Board of Directors
   Dewan Komisaris.                                                         and Board of Commissioners meetings.

4. Pelaksanaan korespondensi dan komunikasi dengan                       4. Correspondence and communication with the Financial
   Otoritas Jasa Keuangan dan Bursa Efek Indonesia.                         Services Authority and the Indonesia Stock Exchange.

5. Pengelolaan hubungan dengan media massa, melalui                      5. Management of relations with the mass media, through
   penerbitan 22 (dua puluh dua) siaran pers.                               the publication of 22 (twenty-two) press releases.

6. Pelaksanaan berbagai kegiatan komunikasi perusahaan                   6. Implementation of various corporate communication
   seperti public expose, pengelolaan website dan media                     activities such as public exposés, website and social
   sosial, serta kegiatan lainnya dalam rangka mendukung                    media management, and other activities in order to
   keterbukaan informasi dan citra positif Perseroan.                       support information disclosure and the positive image
                                                                            of the Company.

7. Pelatihan    dan/atau             Peningkatan         Kompetensi      7. Training and/or Competency                  Improvement         for
   Sekretaris Perusahaan.                                                   Corporate Secretaries.

Perseroan memfasilitasi pelatihan dan peningkatan                        The Company facilitates training and competency
kompetensi bagi anggota Sekretaris Perusahaan untuk                      improvement for members of the Corporate Secretary
meningkatkan kualitas dan kapabilitas Sekretaris                         to improve the quality and capabilities of the Corporate
Perusahaan dalam melaksanakan tugasnya. Perseroan                        Secretary in carrying out their duties. The Company
memastikan Sekretaris Perusahaan memperoleh informasi                    ensures that the Corporate Secretary obtains the latest
terkini terkait bisnis, kebijakan, dan perkembangan industri             information related to business, policies, and industry
yang relevan dengan Perseroan.                                           developments relevant to the Company.

Sepanjang tahun 2025 Sekretaris Perusahaan telah                         Throughout 2025, the Corporate Secretary has participated
mengikuti pendidikan dan pelatihan sebagai berikut:                      in the following education and training programs:


 Nama                     Jabatan                 Program Pengembangan Kompetensi          Penyelenggara           Waktu dan Tempat
 Name                     Position                Competency Development Program           Organizer               Date and Location

 Rengga Temenggung        Sekretaris Perusahaan                                                                    Jumat, 29 Agustus 2025
                                                  A Risk-Based Approach to ESG: Building   Indonesia Corporate
                          Corporate Secretary                                                                      Friday, 29 August 2025
                                                  Resilient Responsible Businesses         Secretary Association
                                                                                                                   Webinar




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Ikhtisar Kinerja                   Laporan Manajemen           Profil Perusahaan              Analisis dan Pembahasan Manajemen
Highlights Performance             Management Report           Company Profile                Management Discussion and Analysis




Unit Audit Internal
Internal Audit Unit


Unit Audit Internal merupakan bagian penting pada             The Internal Audit Unit is an important part of the Company's
struktur tata kelola perusahaan yang bertugas menilai         governance structure, tasked with assessing and ensuring
dan memastikan efektivitas pengendalian internal, tata        the effectiveness of internal controls, governance, and risk
kelola, dan manajemen risiko. Unit Audit Internal bersifat    management. The Internal Audit Unit is independent, but
independen, namun bertanggung jawab secara langsung           reports directly to the President Director. The Internal Audit
kepada Direktur Utama. Unit Audit Internal melakukan          Unit conducts various audit processes, including:
berbagai proses audit yang meliputi:

1. Pencegahan, Deteksi, dan Investigasi Fraud                 1. Prevention, Detection, and Investigation of Fraud

      •   Mencegah terjadinya fraud melalui audit proaktif.       •    Preventing fraud through proactive audits.

      •   Mendeteksi dan melakukan investigasi atas dugaan        •    Detecting and investigating suspected fraud to
          fraud untuk melindungi integritas perusahaan.                protect the integrity of the company.

2. Akses kepada Komite Audit                                  2. Access to the Audit Committee

      •   Unit Audit Internal memiliki akses langsung ke          •    The Internal Audit Unit has direct access to the Audit
          Komite Audit untuk berkoordinasi dan mengelola               Committee to coordinate and manage information
          informasi terkait kegiatan dan hasil audit.                  related to audit activities and results.

3. Jasa Assurance dan Consulting                              3. Assurance and Consulting Services

      •   Memberikan layanan assurance dan consulting             •    Providing independent and objective assurance
          secara independen dan objektif kepada unit-                  and consulting services to relevant units.
          unit terkait.

      •   Membantu Direktur Utama dan Komite Audit                •    Assisting the President Director and Audit
          dalam mengevaluasi dan meningkatkan efektivitas              Committee in evaluating and improving the
          pengelolaan risiko, sistem pengendalian internal,            effectiveness of risk management, internal control
          dan proses tata kelola perusahaan.                           systems, and corporate governance processes.

Landasan Pembentukan                                          Basis for Establishment

Pembentukan Unit Audit Internal berlandaskan pada             The establishment of the Internal Audit Unit is based on
ketentuan     POJK    No.   56/POJK.04/2015      tentang      the provisions of POJK No. 56/POJK.04/2015 concerning
Pembentukan dan Pedoman Penyusunan Piagam Unit Audit          the Establishment and Guidelines for the Preparation of the
Internal, dan disahkan dalam Surat Keputusan No. 0318a/       Internal Audit Unit Charter, and was ratified in Resolution
HIS-JKT/DIR-OP058.3/III-2021 pada tanggal 1 April 2021.       No. 0318a/HIS-JKT/DIR-OP058.3/III-2021 on 1 April 2021.

Piagam Audit Internal                                         Internal Audit Charter

Perseroan telah menyusun Piagam Audit Internal dengan         The Company has prepared an Internal Audit Charter with
mengacu pada Peraturan Otoritas Jasa Keuangan                 reference to Financial Services Authority Regulation (POJK)
(POJK) Nomor 56/POJK.04/2015 tentang Pembentukan              No. 56/POJK.04/2015 concerning the Establishment
dan Pedoman Penyusunan Piagam Audit Internal, serta           and Guidelines for the Preparation of an Internal Audit
mengadaptasi prinsip-prinsip Tata Kelola Terintegrasi         Charter, as well as adapting the principles of Integrated
dan standar yang diterbitkan oleh The Institute of            Governance and standards published by The Institute of
Internal Auditors (IIA). Piagam Audit Internal menjadi        Internal Auditors (IIA). The Internal Audit Charter serves
pedoman Unit Audit Internal dalam menjalankan tugas dan       as a guideline for the Internal Audit Unit in carrying out
tanggung jawabnya yang bersifat mengikat bagi seluruh         its duties and responsibilities, which are binding for all
auditor internal.                                             internal auditors.




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      Tata Kelola Perusahaan           Laporan Keberlanjutan
      Good Corporate Governance        Sustainability Report




Struktur, Kedudukan, dan Pertanggungjawaban                       Structure, Position, and Accountability of
Audit Internal                                                    Internal Audit

Struktur Unit Audit Internal berada di bawah Direktur             The Internal Audit Unit is structured under the President
Utama, namun dalam rangka menjalankan fungsinya,                  Director, but in order to carry out its functions, this
unit ini diberi kewenangan untuk berkomunikasi langsung           unit is authorized to communicate directly with the
dengan Dewan Komisaris dan Komite Audit untuk                     Board of Commissioners and the Audit Committee to
menyampaikan dan mendiskusikan temuan audit internal              convey and discuss material internal audit findings.
yang bersifat material.

Unit Audit Internal dipimpin oleh seorang Kepala Audit            The Internal Audit Unit is led by a Head of Internal Audit
Internal yang diangkat dan diberhentikan oleh Direktur            who is appointed and dismissed by the President Director
Utama atas persetujuan Dewan Komisaris. Auditor internal          with the approval of the Board of Commissioners. Other
lainnya yang bertugas di Unit Audit Internal bertanggung          internal auditors working in the Internal Audit Unit are
jawab secara langsung kepada Kepala Unit Audit Internal.          directly responsible to the Head of the Internal Audit Unit.

Pengangkatan dan Pemberhentian Kepala Divisi                      Appointment and Dismissal of the Head of the
Audit Internal                                                    Internal Audit Division

Kepala Unit Audit Internal diangkat dan diberhentikan oleh        The Head of the Internal Audit Unit is appointed and
Direktur Utama atas persetujuan Dewan Komisaris dengan            dismissed by the President Director with the approval of
mempertimbangkan rekomendasi Komite Audit.                        the Board of Commissioners, taking into consideration the
                                                                  recommendations of the Audit Committee.

Tugas dan Tanggung Jawab                                          Duties and Responsibilities

Tugas Unit Audit Internal adalah sebagai berikut:                 The duties of the Internal Audit Unit are as follows:

1. Menyusun      dan        melaksanakan    rencana       Audit   1. Developing and implementing the annual Internal
   Internal tahunan;                                                 Audit plan;

2. Menguji dan mengevaluasi pelaksanaan pengendalian              2. Testing and evaluating the implementation of internal
   internal dan sistem manajemen risiko sesuai dengan                controls and risk management systems in accordance
   kebijakan perusahaan;                                             with company policy;

3. Melakukan pemeriksaan dan penilaian atas efisiensi dan         3. Conducting examinations and assessments of
   efektivitas di bidang keuangan, akuntansi, operasional,           efficiency and effectiveness in the areas of finance,
   sumber daya manusia, pemasaran, teknologi informasi,              accounting, operations, human resources, marketing,
   dan kegiatan lainnya;                                             information technology, and other activities;

4. Memberikan saran perbaikan dan informasi yang                  4. Providing recommendations for improvement and
   objektif tentang kegiatan yang diperiksa pada semua               objective information about the activities examined at
   tingkat manajemen;                                                all management levels;

5. Membuat laporan hasil audit dan menyampaikan laporan           5. Preparing audit reports and submitting them to the
   tersebut kepada Direktur Utama dan Dewan Komisaris;               President Director and Board of Commissioners;

6. Memantau, menganalisis dan melaporkan pelaksanaan              6. Monitor, analyze, and report on the implementation of
   tindak lanjut perbaikan yang telah disarankan;                    recommended improvements;

7. Bekerja sama dengan Komite Audit;                              7. Collaborating with the Audit Committee;

8. Menyusun program untuk mengevaluasi mutu kegiatan              8. Developing programs to evaluate the quality of internal
   audit internal yang dilakukannya; dan                             audit activities; and

9. Melakukan pemeriksaan khusus apabila diperlukan.               9. Conducting special examinations when necessary.




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Ikhtisar Kinerja                           Laporan Manajemen                       Profil Perusahaan                       Analisis dan Pembahasan Manajemen
Highlights Performance                     Management Report                       Company Profile                         Management Discussion and Analysis




Wewenang                                                                          Authority

Dalam melaksanakan tugas dan tanggung jawabnya, Unit                              In carrying out its duties and responsibilities, the Internal
Audit Internal diberikan wewenang untuk:                                          Audit Unit is authorized to:

1. Mengakses seluruh informasi yang relevan tentang                               1. Access all relevant information about the Company and
   Perseroan dan anak perusahaan terkait dengan tugas                                its subsidiaries related to its duties and functions;
   dan fungsinya;

2. Berkomunikasi langsung dan/atau mengadakan rapat                               2. Communicate directly and/or hold regular and/
   secara berkala maupun insidentil dengan Direksi,                                  or incidental meetings with the Board of Directors,
   Dewan Komisaris, dan/atau Komite Audit serta                                      Board of Commissioners, and/or Audit Committee as
   anggota dari Direksi, Dewan Komisaris, dan/atau                                   well as members of the Board of Directors, Board of
   Komite Audit; dan                                                                 Commissioners, and/or Audit Committee; and

3. Melakukan koordinasi kegiatannya dengan kegiatan                               3. Coordinate its activities with those of external auditors.
   auditor eksternal.

Profil Kepala Unit Audit Internal                                                 Profile of the Head of the Internal Audit Unit

Di tahun 2025, terdapat perubahan pada Kepala Unit Audit                          In 2025, there was a change in the Head of the Internal
Internal, sesuai dengan Surat Keputusan Direksi 228/HIS-                          Audit Unit. In accordance with Board of Directors Resolution
JKT/DIR-OPO5.1/VI/2025 tanggal 1 Juli 2025, Perseroan                             228/HIS-JKT/DIR-OPO5.1/VI/2025 dated 1 July 2025, the
telah mengangkat Reni Oktasari sebagai Kepala Unit Audit                          Company appointed Reni Oktasari as Head of the Internal
Internal menggantikan Denny Prasetyo.                                             Audit Unit, replacing Denny Prasetyo.

Profil  Kepala              Unit   Audit      Internal      disampaikan           The profile of the Head of the Internal Audit Unit is as
sebagai berikut:                                                                  follows:




 Reni Oktasari
 Kepala Unit Audit Internal
 Kepala Unit Audit Internal


 Usia Age                           44 tahun years old

 Kewarganegaraan Nationality        Indonesia

 Domisili Residence                 Bekasi

 Riwayat Pendidikan                 Sarjana Akuntansi dari Universitas Mpu Tantular, Jakarta (2004)
 Education History                  Bachelor of Accounting from Mpu Tantular University , Jakarta (2004)

 Riwayat Pekerjaan                  •   Accounting Senior di PT Indomalkon Rekananda (2004–2007)
 Career History                         Senior Accountant at PT Indomalkon Rekananda (2004–2007)
                                    •   Accounting Senior di PT Mayer Sukses Jaya (2007)
                                        Senior Accountant at PT Mayer Sukses Jaya (2007)
                                    •   Accounting Senior di PT BB Diesel (2007–2008)
                                        Senior Accountant at PT BB Diesel (2007–2008)
                                    •   Kepala Keuangan dan Akunting di PT Saga Mas Asia (2008–2010)
                                        Head of Finance and Accounting at PT Saga Mas Asia (2008–2010)
                                    •   Treasury Section Head di PT Hasnur Internasional Shipping (2010–2016)
                                        Treasury Section Head at PT Hasnur Internasional Shipping (2010–2016)
                                    •   Finance Dept. Head di PT Hasnur Internasional Shipping Tbk (2017–2025)
                                        Finance Dept. Head at PT Hasnur Internasional Shipping Tbk (2017–2025)

 Jabatan Lainnya                    Tidak Ada
 Concurrent Positions               None

 Dasar Hukum Pengangkatan           Surat Keputusan Direksi 228/HIS-JKT/DIR-OPO5.1/VI/2025 tanggal 1 Juli 2025
 Legal Basis for Appointment        Board of Directors' Resolution Letter No. 228/HIS-JKT/DIR-OPO5.1/VI/2025 dated 1 July 2025

 Hubungan Afiliasi                  Tidak Memiliki hubungan afiliasi dengan anggota Dewan Komisaris, Direksi dan Pemegang Saham Pengendali
 Affiliated Relationships           No affiliation with members of the Board of Commissioners, Board of Directors, and Controlling Shareholders




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      Tata Kelola Perusahaan         Laporan Keberlanjutan
      Good Corporate Governance      Sustainability Report




Independensi Auditor Internal                                 Independence of Internal Auditors

Setiap auditor internal Perseroan wajib menjalankan           Every internal auditor of the Company is required to
fungsi pengendalian internal secara independen dengan         perform internal control functions independently by
berpedoman pada standar kode etik profesi auditor internal,   adhering to the professional Code of Conduct for internal
yang mewajibkan mereka untuk senantiasa menjaga               auditors, which requires them to maintain objectivity,
objektivitas, sikap tidak memihak, serta menghindari          impartiality, and avoid any form of conflict of interest
segala bentuk konflik kepentingan (conflict of interest)      that may compromise integrity in determining the scope,
yang dapat mengganggu integritas dalam penentuan ruang        conducting audits, and reporting audit results.
lingkup, pelaksanaan audit, dan pelaporan hasil audit.

Kriteria dan Kualifikasi Auditor Internal                     Criteria and Qualifications of Internal Auditors

Perseroan memastikan bahwa seluruh auditor internal           The Company ensures that all internal auditors within the
di dalam Unit Audit Internal telah memenuhi kualifikasi       Internal Audit Unit have met the individual qualifications
atau persyaratan individual sesuai ketentuan pasal 6          or requirements in accordance with the provisions of
POJK 56/2015. kualifikasi atau persyaratan individual yang    Article 6 of POJK 56/2015. The individual qualifications or
dimaksud adalah sebagai berikut:                              requirements referred to are as follows:

1. Memiliki integritas dan perilaku yang profesional,         1. Possess integrity and professional, independent,
   independen, jujur, dan objektif dalam pelaksanaan             honest, and objective behavior in the performance of
   tugasnya;                                                     their duties;

2. Memiliki pengetahuan dan pengalaman mengenai               2. Possess knowledge and experience in audit
   teknis audit dan disiplin ilmu lain yang relevan dengan       techniques and other disciplines relevant to their field
   bidang tugasnya;                                              of work;

3. Memiliki pengetahuan tentang peraturan perundang-          3. Possess knowledge of capital market laws
   undangan di bidang Pasar Modal dan peraturan                  and regulations and other related laws and
   perundang-undangan terkait lainnya;                           regulations;

4. Memiliki  kecakapan       untuk   berinteraksi     dan     4. Possess the ability to interact and communicate
   berkomunikasi baik lisan maupun tertulis secara efektif;      effectively both verbally and in writing;

5. Mematuhi standar profesi yang dikeluarkan oleh             5. Comply with professional standards issued by the
   asosiasi Audit Internal;                                      Internal Audit Association;

6. Mematuhi kode etik Audit Internal;                         6. Comply with the Internal Audit Code of Conduct;

7. Menjaga kerahasiaan informasi dan/atau data                7. Maintain the confidentiality of company information
   perusahaan terkait dengan pelaksanaan tugas dan               and/or data related to the performance of
   tanggung jawab Audit Internal kecuali diwajibkan              Internal Audit duties and responsibilities, unless
   berdasarkan peraturan perundang-undangan atau                 required by law or court order or decision;
   penetapan atau putusan pengadilan;

8. Memahami prinsip tata kelola perusahaan yang baik          8. Understand the principles of good             corporate
   dan manajemen risiko; dan                                     governance and risk management; and

9. Bersedia meningkatkan pengetahuan, keahlian,               9. Be willing to continuously improve their knowledge,
   dan kemampuan profesionalismenya secara terus-                expertise, and professional skills.
   menerus.

Per 31 Desember 2025, jumlah auditor internal Perseroan       As of 31 December, the Company had a total of 2 (two)
tercatat sebanyak 2 (dua) orang, termasuk Kepala Divisi       internal auditors, including the Head of the Internal
Audit Internal.                                               Audit Division.

Program Sertifikasi dan Pengembangan Profesi                  Internal Auditor Certification and Professional
Auditor Internal                                              Development Program

Dalam rangka meningkatkan kinerja perusahaan,                 In order to improve the Company's performance, the
Perseroan menempatkan auditor internal yang dengan            Company places highly capable internal auditors as
kapabilitas tinggi sebagai aset strategis Perseroan. Untuk    strategic assets of the Company. To ensure this, the
memastikan hal tersebut, Perseroan menyediakan program        Company provides competency development programs
pengembangan kompetensi bagi auditor internal melalui:        for internal auditors through:




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Highlights Performance                       Management Report                         Company Profile                       Management Discussion and Analysis




1. Pelatihan Kompetensi                                                               1. Competency Training

       •    Kegiatan     pelatihan   yang relevan untuk                                   •    Relevant training activities to improve the knowledge
            meningkatkan pengetahuan dan keterampilan                                          and technical skills of internal auditors.
            teknis auditor internal.

2. Program Sertifikasi Keahlian                                                       2. Professional Certification Program

       •    Program sertifikasi profesi untuk memastikan                                  •    A professional certification program to ensure that
            auditor internal memiliki pemahaman yang memadai                                   internal auditors have an adequate understanding
            mengenai berbagai standar audit internal yang                                      of various applicable internal audit standards, both
            berlaku, baik secara nasional maupun internasional.                                nationally and internationally.

Melalui program tersebut, Perseroan tidak hanya                                       Through these programs, the Company not only guarantees
sekadar menjamin profesionalitas auditor internal dalam                               the professionalism of internal auditors in carrying out their
menjalankan tugasnya, namun juga turut berkontribusi                                  duties, but also contributes to improving the effectiveness
terhadap peningkatan efektivitas manajemen risiko serta                               of risk management and corporate governance as
tata kelola perusahaan secara menyeluruh.                                             a whole.

Hingga akhir tahun 2025, sebanyak 2 anggota Unit Audit                                By the end of 2025, 2 members of the Internal Audit Unit
Internal telah memiliki sertifikasi profesi di bidang audit                           will have professional certifications in the field of internal
internal, antara lain:                                                                auditing, including:


 Nama Peserta                   Nama Sertifikasi                                        Penyelenggara                                  Lokasi       Tahun
 Participant Name               Certification Name                                      Organizer                                      Location     Year

 Reni Oktasari                  Pelatihan Internal Auditor Koda Manajemen               BKI Academy – PT Biro Klasifikasi Indonesia    Jakarta      2025
                                Keselamatan Internasional
                                Internal Auditor Training for International Safety
                                Management Code

                                Internal Audit ISO 9001:2015 dan ISO 45001:2018         Business Systems Certification                 Jakarta      2025
                                Internal Audit ISO 9001:2015 and ISO 45001:2018



Pelaksanaan Tugas Unit Audit Internal                                                 Implementation of Internal Audit Unit Tasks

Sepanjang tahun 2025, Unit Audit Internal telah                                       Throughout 2025, the Internal Audit Unit has carried out its
menjalankan tugas dengan rincian sebagai berikut:                                     duties with the following details:


 No.       Rencana                                                 Target Waktu       Pelaksanaan                                           Aktual Waktu
           Plan                                                    Target Time        Implementation                                        Actual Time

   1       Prosedur Barge Management                               Januari–Februari   Prosedur Barge Management                             Februari–Maret
                                                                   January–February                                                         February–March

  2        Prosedur Pengajuan Disposisi Premi Towing               Februari–Maret     Prosedur Pengajuan Disposisi Premi Towing             Agustus–Desember
           Towing Premium Disposition Submission Procedure         February–March     Towing Premium Disposition Submission Procedure       August–December

  3        Audit Lanjutan Evaluasi Vendor & Seleksi Supplier       Juli–Agustus       Audit Pengadaan Barang dan Jasa Tahun 2024            Mei–November
           Tahun 2024                                              Juli–August        Procurement Audit for Goods and Services in 2024      May–November
           Follow-up Audit Vendor Evaluation & Supplier
           Selection for 2024

  4        Audit Internal ISM Code SMC & DOC                       Mei–Oktober        Audit Internal ISM Code SMC & DOC                     Juni–Desember
           Internal Audit of ISM Code SMC & DOC                    May–October        Internal Audit of ISM Code SMC & DOC                  June–December

  5        Audit Internal ISO 9001:2015 & ISO 45001:2018           September          Audit Internal ISO 9001:2015 & ISO 45001:2018         November
           Internal Audit ISO 9001:2015 & ISO 45001:2018                              Tahun 2025
                                                                                      Internal Audit ISO 9001:2015 & ISO 45001:2018
                                                                                      Year 2025

  6        Audit Compliance POJK                                   Maret              Audit Compliance POJK Tahun 2025                      Mei
           POJK Compliance Audit                                   March              POJK Compliance Audit 2025                            May

  7        Audit Internal ISPS Code Terminal Khusus Sungai         Oktober            Audit Internal ISPS Code Terminal Khusus Sungai       Desember
           Puting Tahun 2025                                       October            Puting Tahun 2025                                     December
           Internal Audit of the ISPS Code for the Sungai                             Internal Audit of the ISPS Code for the Sungai
           Puting Special Terminal in 2025                                            Puting Special Terminal in 2025

  8        Compliance Test                                         Desember           Compliance Test Prosedur Sales Administration         Desember
                                                                   December           Tahun 2025                                            December
                                                                                      Compliance Test on Sales Administration
                                                                                      Procedures for 2025


Dalam menjalankan fungsinya, Unit Audit Internal                                      In carrying out its functions, the Internal Audit Unit may
dapat mengadakan rapat dengan Direksi dan Dewan                                       hold meetings with the Board of Directors and Board of
Komisaris, serta melakukan rapat berkala dengan Komite                                Commissioners, as well as conduct regular meetings
Audit. Selama tahun 2025, Unit Audit Internal telah                                   with the Audit Committee. During 2025, the Internal Audit


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          Good Corporate Governance              Sustainability Report




melakukan rapat dengan Direksi sebanyak 7 kali dan                                Unit held meetings with the Board of Directors a total of
rapat dengan Dewan Komisaris/Komite Audit sebanyak                                7 times and meetings with the Board of Commissioners/
6 kali. Tanggal pelaksanaan beserta agenda rapat                                  Audit Committee a total of 6 times. The dates and agendas
Unit Audit Internal dijabarkan pada tabel berikut:                                of the Internal Audit Unit meetings are detailed in the
                                                                                  following table:


 No.      Tangga                                              Agenda Rapat Internal Audit - Komite Audit
          Date                                                Internal Audit Meeting Agenda - Audit Committee

  1       24 Januari January 2025                             Pemaparan Rencana Kerja Internal Audit 2025
                                                              Presentation of the 2025 Internal Audit Work Plan

  2       19 Mei May 2025                                     Update Pelaksanaan Rencana Kerja IA Tahun 2025
                                                              Update on the Implementation of the 2025 Internal Audit Work Plan

  3       20 Agustus August 2025                              Update Pelaksanaan Rencana Kerja IA Tahun 2025
                                                              Update on the Implementation of the IA Work Plan for 2025

  4       26 September 2025                                   Update Performa Armada Kapal Januari–Agustus 2025
                                                              Update on Fleet Performance January–August 2025

  5       28 November 2025                                    Update Pelaksanaan Rencana Kerja IA Tahun 2025
                                                              Update on the Implementation of the IA Work Plan for 2025

  6       15 Desember December 2025                           Pemaparan Rencana Kerja Internal Audit 2026
                                                              Presentation of the 2026 Internal Audit Work Plan



Pengembangan Kompetensi Audit Internal                                            Development of Internal Audit Competencies
Perseroan memfasilitasi pelatihan dan peningkatan                                 The Company facilitates training and competency
kompetensi bagi anggota Audit Internal untuk meningkatkan                         development for Internal Audit members to improve the
kualitas dan kapabilitas Audit Internal dalam melaksanakan                        quality and capabilities of Internal Audit in performing its
tugasnya.     Perseroan    memastikan       Audit   Internal                      duties. The Company ensures that Internal Audit obtains
memperoleh informasi terkini terkait bisnis, kebijakan, dan                       the latest information related to the business, policies, and
perkembangan industri yang relevan dengan Perseroan.                              industry developments relevant to the Company.

Ruang Lingkup Pengembangan Kompetensi                                             Scope of Competency Development
1. Program Pelatihan Terstruktur:                                                 1. Structured Training Program:

      •    Dirancang untuk membekali tenaga auditor dengan                             •    Designed to equip auditors with adequate skills
           keahlian dan pengalaman yang memadai.                                            and experience.

      •    Fokus pada kemampuan teknis dan praktis yang                                •    Focuses on technical and practical skills relevant to
           relevan dengan pelaksanaan proses audit internal.                                the implementation of internal audit processes.

2. Program Sertifikasi Keahlian:                                                  2. Skills Certification Program:

      •    Ditujukan      untuk   meningkatkan    kompetensi                           •    Aimed at enhancing the professional competencies
           profesional auditor internal sesuai dengan standar                               of internal auditors in accordance with current
           audit terkini.                                                                   audit standards.

Pelaksanaan Program Tahun 2025                                                    Program Implementation in 2025
Selama tahun 2025, auditor internal telah mengikuti                               During 2025, internal auditors participated in several
beberapa program pelatihan untuk meningkatkan                                     training programs to enhance their competencies. These
kompetensi      auditor internal.  Program-program                                programs included:
tersebut meliputi:


 Nama Peserta          Jabatan                       Nama Pelatihan/Seminar/Workshop                   Penyelenggara   Tanggal            Media
 Participant Name      Position                      Training/Seminar/Workshop Name                    Organizer       Date

 Reni Oktasari         Kepala Unit Internal Audit    Excellence in Internal Audit: Insights from the   IIA             28 Juli 2025       Daring (Zoom)
                       Head of Internal Audit Unit   World’s Top CIA Scorer                                            28 July 2025       Online (Zoom)

 Julha Putra Sasura    Internal Audit Officer        Membangun Sistem Whistleblowing yang              ICSA            1 Desember 2025    Daring (Zoom)
                                                     Efektif dan Berintegritas Berbasis ISO                            1 December 2025    Online (Zoom)
                                                     37002:2021
                                                     Building an Effective and Integrity-
                                                     Based Whistleblowing System Based on
                                                     ISO 37002:2021

 Julha Putra Sasura    Internal Audit Officer        Internal Audit For New Internal Auditor           CIAR - YPIA     19 & 20 Mei 2025   Daring (Zoom)
                                                                                                                       19 & 20 May 2025   Online (Zoom)



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Ikhtisar Kinerja                 Laporan Manajemen             Profil Perusahaan             Analisis dan Pembahasan Manajemen
Highlights Performance           Management Report             Company Profile               Management Discussion and Analysis




Sistem Pengendalian Internal (SPI)
Internal Control System (SPI)


Sistem Pengendalian Internal (SPI) merupakan kerangka         The Internal Control System (SPI) is a structured framework
kerja terstruktur Perseroan yang diintegrasikan ke dalam      of the Company that is integrated into all of the Company's
seluruh aktivitas operasional Perseroan untuk memberikan      operational activities to provide reasonable assurance that
keyakinan memadai atas tercapainya tiga tujuan utama,         the three main objectives are achieved, namely:
yaitu:

1. Efektivitas dan Efisiensi Operasional: Mendukung           1. Operational Effectiveness and Efficiency: Supporting
   kelancaran dan optimalisasi proses bisnis Perseroan.          the smooth running and optimization of the Company's
                                                                 business processes.

2. Penyajian Data yang Akurat: Menjamin keandalan             2. Accurate Data Presentation: Ensuring the reliability of
   pelaporan keuangan dan operasional.                           financial and operational reporting.

3. Kepatuhan terhadap Regulasi dan Kebijakan:                 3. Compliance with Regulations and Policies: Ensuring
   Memastikan Perseroan mematuhi peraturan, kebijakan,           the Company complies with applicable regulations,
   dan prosedur yang berlaku.                                    policies, and procedures.

SPI dirancang sebagai sebuah proses berkelanjutan yang        The SPI is designed as a continuous process that involves all
melibatkan seluruh jajaran organisasi, mulai dari Dewan       levels of the organization, from the Board of Commissioners
Komisaris, Direksi, hingga karyawan, melalui pengendalian     and Board of Directors to employees, through control over
atas kegiatan operasional, pelaporan keuangan, serta          operational activities, financial reporting, and regulatory
kepatuhan terhadap peraturan. Penerapan SPI dapat             compliance. The implementation of the SPI can help the
membantu Perseroan sebagai pendorong kinerja                  Company as a driver of optimal operational performance
operasional yang optimal dan pendukung terwujudnya tata       and a supporter of good corporate governance.
kelola perusahaan yang baik.

Pendekatan SPI di Lingkungan Perseroan                        SPI Approach within the Company

SPI yang dijalankan Perseroan merupakan hasil kerja           The SPI implemented by the Company is the result
sama yang melibatkan Direksi, manajemen, dan seluruh          of cooperation involving the Board of Directors,
karyawan. Pendekatan Sistem Pengendalian Internal             management, and all employees. The Internal Control
(SPI) di lingkungan Perseroan diimplementasikan secara        System (SPI) approach within the Company is implemented
komprehensif dan terintegrasi dengan budaya serta             comprehensively and integrated with the company's
nilai-nilai perusahaan, dengan tujuan memberikan              culture and values, with the aim of providing assurance
keyakinan bahwa perusahaan dapat mencapai target yang         that the company can achieve its set targets.
telah ditetapkan.

Tanggung Jawab SPI                                            SPI Responsibilities

Tanggung jawab SPI diemban oleh setiap insan Perseroan,       SPI responsibilities are carried out by every individual
dengan Unit Audit Internal yang bertindak sebagai             in the Company, with the Internal Audit Unit acting as
pelaksana utama dalam evaluasi dan pengawasan SPI,            the main executor in the evaluation and supervision of
dan dukungan dari Seluruh Karyawan dan Unit Kerja dalam       SPI, and support from all Employees and Work Units in
pelaksanaan pengendalian internal dalam kegiatan sehari-      the implementation of internal control in daily activities.
hari. Melalui penerapan sistem pengendalian internal          Through the implementation of a comprehensive internal
yang komprehensif, Perseroan berkomitmen mendukung            control system, the Company is committed to supporting
keberlanjutan usaha dengan menerapkan prinsip-prinsip         business sustainability by applying the principles of
tata kelola yang baik.                                        good governance.

Aktivitas Pengendalian Internal di Perseroan                  Internal Control Activities in the Company

1. Pengendalian Keuangan                                      1. Financial Control

      Penerapan pengendalian internal di bidang keuangan          The implementation of internal control in the financial
      dilakukan oleh Perseroan guna menjamin laporan              sector is carried out by the Company to ensure accurate,
      keuangan yang akurat, andal, dan bebas dari kesalahan       reliable, and error-free financial reports. The steps
      material. Langkah-langkah yang diambil Perseroan            taken by the Company to achieve this include:
      dalam mewujudkan hal tersebut, di antaranya:


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       Good Corporate Governance      Sustainability Report




   •    Kebijakan dan Prosedur Internal: Menetapkan              •   Internal Policies and Procedures: Establishing
        aturan pencatatan keuangan dan akuntansi yang                clear and standardized financial and accounting
        jelas dan terstandardisasi.                                  recording rules.

   •    Penggunaan     Perangkat     Lunak    Keuangan:          •   Use of Financial Software: Applying           special
        Mengaplikasikan perangkat lunak khusus untuk                 software to minimize the risk of              human
        meminimalkan risiko human error dalam pencatatan             error in financial recording and reporting.
        dan pelaporan keuangan.

   •    Sistem Pemeriksaan Berjenjang:                           •   Tiered Review System:

        −   Data keuangan diperiksa secara teliti melalui            −   Financial data is carefully checked through a
            proses berjenjang.                                           multi-level process.

        −   Transaksi dan pembayaran hanya dapat                     −   Transactions and payments can only be
            diotorisasi oleh petugas atau pihak berwenang                authorized by different officers or authorized
            yang     berbeda,    sesuai   dengan    tingkat              parties, in accordance with their respective
            kewenangan masing-masing.                                    levels of authority.

2. Pengendalian Operasional                                   2. Operational Control

   Pada aspek operasional, Perseroan senantiasa menjaga          In terms of operations, the Company consistently
   praktik operasional yang sehat dan berkelanjutan              maintains sound and sustainable operational practices
   melalui beberapa dengan cara:                                 through several measures:

   •    Membekali setiap unit kerja dengan prosedur              •   Equipping each work unit with adequate internal
        operasi internal dan petunjuk teknis yang memadai.           operating procedures and technical guidelines.

   •    Menerapkan standar terbaik dalam pelaksanaan             •   Implementing best practices in the execution of
        kegiatan operasional untuk mendukung efisiensi               operational activities to support the efficiency and
        dan efektivitas proses bisnis.                               effectiveness of business processes.

3. Kepatuhan terhadap Perundang-Undangan                      3. Compliance with Laws and Regulations

   Sebagai wujud komitmen terhadap kepatuhan hukum,              As a manifestation of its commitment to legal
   Perseroan senantiasa menjalankan seluruh kegiatan             compliance, the Company always conducts all of its
   usahanya sesuai dengan ketentuan perundang-                   business activities in accordance with applicable laws
   undangan yang berlaku, yang diimplementasikan                 and regulations, which are implemented through the
   melalui langkah-langkah berikut:                              following measures:

   1. Peninjauan Berkala: Melakukan tinjauan rutin               1. Periodic Review: Conducting regular reviews
      terhadap kebijakan internal untuk memastikan                  of internal policies to ensure compliance with
      kepatuhan terhadap regulasi yang berlaku.                     applicable regulations.

   2. Sosialisasi Regulasi:                                      2. Regulatory Socialization:

        −   Aktif mengikuti kegiatan sosialisasi peraturan           −   Actively participating in regulatory and
            dan perundang-undangan yang diadakan oleh                    legislative outreach activities organized by
            regulator atau asosiasi terkait.                             regulators or relevant associations.

        −   Melibatkan pemangku kepentingan internal                 −   Involving internal stakeholders in understanding
            dalam memahami perubahan regulasi yang                       regulatory changes relevant to the Company's
            relevan dengan kegiatan usaha Perseroan.                     business activities.

Implementasi langkah-langkah tersebut menjadi bukti           The implementation of these measures is clear evidence
nyata komitmen Perseroan dalam menegakkan sistem              of the Company's commitment to enforcing a robust
pengendalian internal yang kokoh guna mendukung               internal control system to support the implementation
penerapan tata kelola perusahaan yang baik (Good              of good corporate governance (GCG).
Corporate Governance/GCG).




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Ikhtisar Kinerja                          Laporan Manajemen                       Profil Perusahaan             Analisis dan Pembahasan Manajemen
Highlights Performance                    Management Report                       Company Profile               Management Discussion and Analysis




Evaluasi atas Efektivitas Pengawasan dan                                       Evaluation of the Effectiveness of Internal
Pengendalian Internal Tahun 2025                                               Supervision and Control in 2025

Sepanjang tahun 2025, Sistem Pengendalian Internal                             Throughout 2025, the Company's Internal Control
Perseroan telah berjalan efektif, sebagaimana tercermin                        System has been running effectively, as reflected in the
dari kegiatan-kegiatan sebagai berikut:                                        following activities:


 No.    Kegiatan                                              Lembaga Audit                            Hasil
        Activities                                            Audit Institution                        Result

   1    Audit DOC ISM Code                                    Biro Klasifikasi Indonesia (BKI)         Endorsed DOC Certificate
                                                              Indonesian Classification Bureau

  2     Recertification Audit ISO 9001 & 45001                Business System Certification (BSC)      Renewal ISO Certificate

  3     Audit SMC ISM Code TB Hasnur 11                       Biro Klasifikasi Indonesia (BKI)         Endorsed SMC Certificate
                                                              Indonesian Classification Bureau

  4     Audit SMC ISM Code TB Hasnur 07                       Biro Klasifikasi Indonesia (BKI)         Endorsed SMC Certificate
                                                              Indonesian Classification Bureau

  5     Audit SMC ISM Code TB Hasnur 10                       Biro Klasifikasi Indonesia (BKI)         Endorsed SMC Certificate
                                                              Indonesian Classification Bureau

  6     Reguler Audit Internal (3 penugasan)                  Internal Audit                           Done
        Regular Internal Audit (3 assignments)

  7     Compliance Audit Internal (5 penugasan)               Internal Audit                           Done
        Compliance Internal Audit (5 assignments)



Pernyataan Kecukupan Sistem Pengendalian                                       Statement of Adequacy of Internal Control
Internal                                                                       System

Berdasarkan penilaian Direksi dan/atau Dewan Komisaris,                        Based on the assessment of the Board of Directors and/
implementasi Sistem Pengendalian Internal (SPI) Perseroan                      or Board of Commissioners, the implementation of the
telah berfungsi secara optimal dan memadai. Semua                              Company's Internal Control System (SPI) has functioned
aspek pengendalian operasional dan keuangan telah                              optimally and adequately. All aspects of operational and
dijalankan sesuai dengan peraturan-peraturan dan standar                       financial controls have been carried out in accordance with
yang berlaku. Evaluasi berkala akan terus dilakukan                            applicable regulations and standards. Periodic evaluations
oleh Direksi dan Dewan Komisaris guna memastikan                               will continue to be conducted by the Board of Directors
efektivitas berkelanjutan dari SPI Perseroan.                                  and Board of Commissioners to ensure the continued
                                                                               effectiveness of the Company's SPI.




Manajemen Risiko
Risk Management


Manajemen      risiko   merupakan    proses   sistematis                       Risk management is a systematic and structured process
dan terstruktur yang dilakukan Perseroan dalam                                 carried out by the Company in identifying, measuring,
mengidentifikasi, mengukur, mengevaluasi, memantau, dan                        evaluating, monitoring, and controlling various risks
mengendalikan berbagai risiko yang dapat menghambat                            that may hinder the achievement of organizational
pencapaian tujuan organisasi. Perseroan mengakui bahwa                         objectives. The Company recognizes that in conducting
dalam menjalankan kegiatan usaha, terdapat faktor-                             its business activities, there are factors, both internal
faktor baik dari internal maupun eksternal yang memiliki                       and external, that have the potential to pose risks to the
potensi menimbulkan risiko bagi Perseroan, oleh karena                         Company. Therefore, risk management is implemented
itu manajemen risiko diterapkan agar Perseroan dapat                           so that the Company can manage risks proportionally,
mengelola risiko secara proporsional, meminimalisir                            minimize the possibility of risks occurring, and facilitate
kemungkinan terjadinya risiko, dan mempermudah upaya                           efforts to prevent such risks. Risk management plays
pencegahan terhadap risiko tersebut. Manajemen risiko                          an important role in creating added value for the
memegang peran penting untuk menciptakan nilai tambah                          Company and ensuring business continuity. 		
bagi Perseroan dan memastikan kelangsungan usaha
yang berkelanjutan.



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        Good Corporate Governance      Sustainability Report




Sistem Manajemen Risiko                                         Risk Management System

Penerapan sistem manajemen risiko pada Perseroan                The implementation of the risk management system at the
dilakukan secara sistematis dengan melibatkan:                  Company is carried out systematically by involving:

1. Identifikasi Risiko: Mengidentifikasi potensi risiko yang    1. Risk Identification: Identifying potential risks that may
   mungkin terjadi dalam operasi Perseroan.                        occur in the Company's operations.

2. Analisis dan Evaluasi Risiko: Menilai dampak dan             2. Risk Analysis and Evaluation: Assessing the
   kemungkinan terjadinya risiko untuk menentukan                  impact and likelihood of risks to determine
   prioritas mitigasi.                                             mitigation priorities.

3. Pengelolaan    Risiko:  Mengembangkan      langkah-          3. Risk     Management:       Developing   strategic
   langkah strategis untuk mengurangi potensi kerugian             measures to reduce potential losses and improve
   dan meningkatkan kesiapan menghadapi situasi                    preparedness for unexpected situations.
   tidak terduga.

Melalui sistem tersebut, Perseroan dapat meminimalkan           Through this system, the Company can minimize losses
kerugian akibat risiko dan meningkatkan ketahanan bisnis.       due to risks and improve business resilience.

Komitmen terhadap Kebijakan Manajemen Risiko                    Commitment to Risk Management Policy

Perseroan berkomitmen untuk menciptakan keseimbangan            The Company is committed to creating an optimal
optimal antara penciptaan nilai bisnis dan risiko yang          balance between business value creation and the risks
dihadapi. Melalui pengelolaan risiko sebagai instrumen          faced. Through risk management as the main balancing
penyeimbang utama, Perseroan mewujudkannya melalui:             instrument, the Company realizes this through:

•   Sistem Terintegrasi dan Terukur: Penerapan sistem           •   Integrated and Measurable System: Implementation of
    manajemen risiko yang berfokus pada prinsip kehati-             a risk management system that focuses on the principle
    hatian sebagai bagian dari pengendalian internal.               of prudence as part of internal control.

•   Keterlibatan Seluruh Organisasi:                            •   Organizational-Wide Involvement:

    −    Mendorong partisipasi aktif dari seluruh karyawan          −   Encouraging  active    participation from all
         dan unit kerja dalam menerapkan prinsip-prinsip                employees and work units in applying risk
         manajemen risiko.                                              management principles.

    −    Memastikan setiap tindakan         sesuai     dengan       −   Ensuring that every action is in accordance with
         kebijakan risiko yang berlaku.                                 applicable risk policies.

Dengan pendekatan ini, Perseroan berupaya mencapai              With this approach, the Company strives to achieve
pertumbuhan bisnis yang sehat, berkelanjutan, dan mampu         healthy, sustainable business growth and be able to face
menghadapi tantangan di masa depan.                             future challenges.

Identifikasi Profil Risiko & Upaya Mitigasinya                  Risk Profile Identification & Mitigation Efforts

Selama      tahun    2025,    Perseroan     telah berhasil      During 2025, the Company has successfully identified
mengidentifikasi berbagai profil risiko utama yang dinilai      various key risk profiles that are considered to have a
memiliki dampak signifikan terhadap aktivitas operasional       significant impact on daily operational and business
dan bisnis sehari-hari, serta telah menyusun perencanaan        activities, and has developed structured and measurable
mitigasi risiko yang terstruktur dan terukur.                   risk mitigation plans.

Berikut ini adalah daftar profil risiko yang dikelola secara    The following is a list of risk profiles that are optimally
optimal oleh Perseroan, antara lain:                            managed by the Company, including:

1. Risiko kehilangan kontrak penting.                           1. Risk of losing important contracts.

2. Volatilitas harga bahan bakar terhadap biaya jasa            2. Fuel price volatility affecting water transportation
   angkut perairan.                                                service costs.

3. Tingkat efisiensi dan efektivitas tata kelola rantai pasok   3. The level of efficiency and effectiveness of coal and
   batu bara dan komoditas lain.                                   other commodity supply chain management.

4. Kondisi nonteknis di alur perairan yang digunakan            4. Non-technical conditions in the waterways used and
   dan dilalui oleh armada angkutan air Perseroan serta            traversed by the Company's water transportation fleet
   kegiatan usaha yang dilakukan oleh Entitas Anak.                and business activities carried out by Subsidiaries.

5. Kondisi alam dan nota keamanan pelayaran dari                5. Natural conditions and shipping safety notices from
   otoritas pelabuhan.                                             port authorities.


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6. Jenis dan tipe komoditas yang dilayani.                      6. Types and categories of commodities served.

7. Pelanggan utama yang tidak terdiversifikasi, yaitu           7. Undiversified main customers, with approximately 71%
   sekitar 71% melayani pelanggan terafiliasi.                     serving affiliated customers.

8. Ketergantungan pada sumber daya manusia yang                 8. Dependence         on      human         resources         with
   memiliki keahlian khusus.                                       specialized skills.

9. Kompetisi untuk mendapatkan sumber daya manusia              9. Competition to obtain          human       resources       with
   yang memiliki keahlian khusus.                                  specialized skills.

10. Risiko penurunan kondisi, kerusakan, dan kendala            10. Risk   of   deterioration,  damage,  and    other
    teknis lainnya yang mungkin dialami armada                      technical constraints that may be experienced by
    kapal Perseroan.                                                the Company's fleet.

11. Risiko ketergantungan terhadap fasilitas navigasi dan       11. Risk of dependence on adequate navigation and
    komunikasi yang memadai.                                        communication facilities.

12. Bencana alam yang memiliki pengaruh signifikan              12. Natural disasters that have a significant impact on
    terhadap kegiatan operasional                                   operational activities.

13. Risiko pendanaan.                                           13. Funding risks.

14. Risiko fluktuasi mata uang asing.                           14. Risks of foreign currency fluctuations.

15. Risiko terhadap fluktuasi atas tingkat suku bunga.          15. Risks related to fluctuations in interest rates.

16. Risiko terhadap kebijakan akuntansi.                        16. Risk of accounting policy changes.

17. Risiko terhadap cost overrun pada kegiatan operasional.     17. Risks related to cost overruns in operational activities.

18. Risiko terhadap   cost        overrun      pada      saat   18. Risk of cost overruns during business development.
    pengembangan usaha.

Tinjauan atas Efektivitas Sistem Manajemen                      Review of the Effectiveness of the Risk
Risiko Tahun 2025                                               Management System in 2025

Perseroan mengimplementasikan pendekatan third lines            The Company implements a third line model approach in
model dalam mengelola risiko usaha. Setiap departemen           managing business risks. Each department acts as the
berperan sebagai lini pertama dalam mengidentifikasi dan        first line in identifying and evaluating risks, while the Risk
mengevaluasi risiko, kemudian Departemen Manajemen              Management and Internal Audit Departments function as
Risiko dan Audit Internal berfungsi sebagai lini pertahanan     the second and third lines of defense that oversee the
kedua dan ketiga yang mengawal penerapan manajemen              implementation of risk management in the Company.
risiko di Perseroan.

Proses review dan perumusan strategi pengelolaan dan            The process of reviewing and formulating risk management
mitigasi risiko dilakukan dengan kerja sama Direksi, Unit       and mitigation strategies is carried out in collaboration
Audit Internal, dan Komite Audit, dengan Dewan Komisaris        with the Board of Directors, the Internal Audit Unit, and the
sebagai pengawas keseluruhan. Melalui keterlibatan              Audit Committee, with the Board of Commissioners acting
menyeluruh dari seluruh unsur organisasi, implementasi          as the overall supervisor. Through the comprehensive
manajemen risiko di Perseroan selama periode                    involvement of all elements of the organization, the
tahun 2025 telah berjalan secara efektif dan terukur.           implementation of risk management in the Company during
                                                                the 2025 period has been effective and measurable.

Pernyataan Kecukupan Sistem Manajemen Risiko                    Risk Management System Adequacy Statement

Berdasarkan penilaian Direksi dan/atau Dewan Komisaris,         Based on the assessment of the Board of Directors and/
Perseroan dinilai telah mengimplementasikan sistem              or the Board of Commissioners, the Company is deemed
manajemen risiko secara optimal. Sistem manajemen               to have implemented an optimal risk management
risiko yang dijalankan Perseroan telah terintegrasi             system. The risk management system implemented by
dengan strategi bisnis Perseroan, serta sesuai                  the Company is integrated with the Company's business
dengan standar industri dan peraturan yang berlaku.             strategy and complies with industry standards and
                                                                applicable regulations.




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      Good Corporate Governance      Sustainability Report




Sanksi Administratif
Administrative Sanctions


Hingga tahun buku 2025 berakhir, Perseroan tidak             As of the end of the 2025 fiscal year, the Company has
menerima satu pun sanksi administratif yang dilayangkan      not received any administrative sanctions imposed
otoritas maupun regulator, baik untuk Dewan Komisaris,       by authorities or regulators, either for the Board of
Direksi, Perusahaan, dan juga Anak Perusahaan.               Commissioners, the Board of Directors, the Company, or
                                                             its Subsidiaries.




Perkara Penting
Important Issues


Sepanjang tahun 2025, tidak terdapat kasus hukum dan/        Throughout 2025, there were no material legal cases and/
atau tuntutan yang bersifat material dari pihak ketiga       or claims from third parties against the Company.
kepada Perseroan.




Program Kepemilikan Saham oleh Manajemen
dan/atau Karyawan
Management and/or Employee Stock Ownership Program


Perseroan memiliki program Alokasi Saham Karyawan            The Company has an Employee Stock Allocation (ESA)
(ESA), yang dilakukan bersamaan dengan dilakukannya          program, which is carried out in conjunction with a corporate
aksi korporasi berupa IPO. Pada tahun 2025 Perseroan         action in the form of an IPO. In 2025, the Company did not
tidak menjalankan program ESA.                               implement the ESA program.

Tujuan Penerapan Program ESA                                 Purpose of Implementing the ESA Program

Pelaksanaan Program ESA dimaksudkan agar semua               The ESA Program is intended to foster a strong
karyawan mempunyai rasa memiliki (sense of belonging)        sense of belonging among all employees towards the
yang tinggi terhadap Perseroan sehingga diharapkan dapat     Company, thereby increasing their productivity, which
meningkatkan produktivitas kerja masing-masing yang          in turn will have a positive impact on the Company's
pada akhirnya berdampak positif terhadap peningkatan         overall performance. The main objectives of the
kinerja Perseroan secara keseluruhan. Adapun tujuan          ESA program are as follows: 			
utama program ESA, antara lain sebagai berikut:

1. Sebagai insentif bagi para pegawai atas kinerja yang      1. To serve as an incentive for employees for their
   telah dicapai;                                               achievements;

2. Memberikan kesempatan kepada pegawai untuk turut          2. To provide employees with the opportunity to own
   memiliki saham Perseroan;                                    shares in the Company;

3. Memberikan     motivasi    bagi  pegawai    untuk         3. To motivate employees to improve their performance
   meningkatkan prestasi dan kinerjanya, serta untuk            and achievements, as well as to achieve
   mencapai target Perseroan;                                   the Company's targets;

4. Mempertahankan pegawai yang telah berprestasi dan         4. To retain employees who have performed well and
   memberikan kontribusi penting bagi Perseroan; dan            made important contributions to the Company; and




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5. Menyelaraskan kepentingan pemegang saham dengan              5. To align the interests of shareholders with employees
   pegawai untuk kemajuan Perseroan.                               for the advancement of the Company.

Periode Pelaksanaan Program ESA                                 ESA Program Implementation Period

Saham ESA memiliki lock-up period selama 24 bulan               ESA shares have a lock-up period of 24 months from
terhitung dari tanggal efektif saham Perseroan                  the effective date of the Company's shares being
dicatatkan di Bursa Efek Indonesia (BEI), yakni tanggal         listed on the Indonesia Stock Exchange (IDX), which is
1 September 2021.                                               1 September 2021.

Persyaratan Karyawan dan/atau Manajemen                         Requirements for Employees and/or Management
yang Berhak Mengikuti Program ESA                               Eligible to Participate in the ESA Program

Pihak-pihak yang berhak untuk mengikuti Program ESA             Those eligible to participate in the ESA Program are:
adalah:

1. Pegawai yang tercatat pada tanggal 23 April 2021;            1. Employees registered as of 23 April 2021;

2. Pegawai yang tercatat pada saat program ESA Saham            2. Employees who are registered at the time the ESA
   Penghargaan dilaksanakan; dan                                   Stock Award Program is implemented; and

3. Pegawai yang          tidak   sedang    dikenakan   sanksi   3. Employees who are not            currently     subject     to
   administratif.                                                  administrative sanctions.

Sepanjang tahun 2025, Perseroan tidak mengadakan                Throughout 2025, the Company did not hold any new
program Management Stock Option Program (MSOP) dan              Management Stock Option Program (MSOP) and Employee
Employee Stock Ownership Program (ESOP) yang baru.              Stock Ownership Program (ESOP). 			




Kebijakan Pengungkapan Informasi Lainnya
Other Information Disclosure Policies



Kepemilikan Saham Anggota Direksi dan Anggota                   Share Ownership of Board of Directors and Board
Dewan Komisaris                                                 of Commissioners Members

Untuk menjaga keterbukaan informasi, Perseroan                  To maintain information transparency, the Company
mewajibkan semua Direksi dan Dewan Komisaris                    requires all Board of Directors and Board of
melaporkan kepemilikan sahamnya. Sebagai wujud                  Commissioners to report their share ownership. As a
komitmen terhadap transparansi, Perseroan memiliki              form of commitment to transparency, the Company
kebijakan internal yang mengatur mekanisme dan prosedur         has an internal policy that regulates the mechanism and
kepemilikan saham oleh Direksi dan Dewan Komisaris.             procedures for share ownership by Board of Directors
Kebijakan tersebut menjadi cerminan kepatuhan Perseroan         and Board of Commissioners. This policy reflects the
terhadap ketentuan POJK No. 11/POJK.04/2017 tentang             Company's compliance with the provisions of POJK No.
Laporan Kepemilikan atau Setiap Perubahan Kepemilikan           11/POJK.04/2017 concerning Reports on Ownership or
Saham Perusahaan Terbuka (“POJK 11/2017”). Setiap               Any Changes in Ownership of Shares in Public Companies
kepemilikan saham anggota Direksi dan Dewan Komisaris           ("POJK 11/2017"). Any share ownership by members of
dan/atau setiap perubahannya wajib dilaporkan kepada            the Board of Directors and Board of Commissioners and/
Sekretaris Perusahaan baik secara langsung maupun               or any changes thereto must be reported to the Corporate
tidak langsung, untuk kemudian dilaporkan kepada                Secretary, either directly or indirectly, for subsequent
pihak Regulator.                                                reporting to the Regulator.

Pelaksanaan Kebijakan                                           Implementation of the Policy

Pengungkapan mengenai kepemilikan saham oleh                    Disclosures regarding share ownership by the Board of
Dewan Komisaris dan Direksi dapat dilihat pada bagian           Commissioners and Board of Directors can be found in the
Profil Perusahaan.                                              Company Profile section.



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      Tata Kelola Perusahaan           Laporan Keberlanjutan
      Good Corporate Governance        Sustainability Report




Kode Etik
Code of Conduct


Kode Etik disusun sebagai komitmen bersama untuk                The Code of Conduct is formulated as a shared commitment
mewujudkan tata kelola perusahaan yang baik (Good               to realizing good corporate governance (GCG), creating a
Corporate Governance/GCG), menciptakan lingkungan               healthy work environment, and maintaining stakeholder
kerja yang sehat, serta menjaga kepercayaan pemangku            trust. Every individual at HIS, from the Board of Directors
kepentingan. Setiap individu di Perseroan, mulai dari           to employees, is expected to understand, internalize,
jajaran Direksi hingga karyawan, diharapkan untuk               and implement this Code of Conduct in their daily
memahami, menginternalisasi, dan menjalankan kode etik          activities. A strong corporate culture is the foundation
ini dalam aktivitas sehari-hari. Budaya perusahaan yang         for building a sustainable, transparent, and value-
kuat menjadi fondasi dalam membangun organisasi yang            oriented organization.						
berkelanjutan, transparan, dan berorientasi pada nilai.

Fungsi dan Tujuan                                               Functions and Objectives

Kode Etik menjelaskan standar perilaku yang diharapkan          The Code of Conduct outlines the standards of
dari karyawan dalam berbagai interaksi, baik dengan:            conduct expected of employees in various interactions,
                                                                including with:

•   Rekan kerja,                                                •   Colleagues,

•   Mitra bisnis,                                               •   Business partners,

•   Pelanggan, maupun                                           •   Customers, and

•   Konsumen.                                                   •   Consumers.

Kode Etik juga berfungsi sebagai panduan bagi Perseroan         The Code of Conduct also serves as a guide for the
dalam menjaga keseimbangan antara kepentingan                   Company in maintaining a balance between the interests
berbagai pihak, yaitu:                                          of various parties, namely:

•   Pemegang saham,                                             •   Shareholders,

•   Karyawan,                                                   •   Employees,

•   Konsumen,                                                   •   Consumers,

•   Mitra bisnis, dan                                           •   Business partners, and

•   Masyarakat umum.                                            •   The general public.

Kepatuhan terhadap Kode Etik menjadi fondasi bagi               Compliance with the Code of Conduct is the
Perseroan   dalam   menciptakan   lingkungan  kerja             foundation for the Company in creating an ethical,
yang beretika, profesional, dan harmonis, sekaligus             professional, and harmonious work environment,
menjadi pendukung terwujudnya keberlanjutan bisnis              as well as supporting the realization of sustainable
yang dapat dipertanggungjawabkan kepada seluruh                 business that is accountable to all stakeholders.
pemangku kepentingan.

Pengungkapan Kode Etik Berlaku bagi Seluruh                     Disclosure of the Code of Conduct Applies to All
Level Manajemen                                                 Levels of Management

Kode Etik dan nilai budaya Perseroan wajib dipahami, ditaati,   The Company's Code of Conduct and cultural values
dan diterapkan oleh seluruh karyawan, termasuk Dewan            must be understood, adhered to, and implemented by all
Komisaris, Direksi, serta organ-organ pendukungnya.             employees, including the Board of Commissioners, the
Hal ini secara jelas tertuang dalam Kode Etik Perusahaan        Board of Directors, and their supporting organs. This is
yang menjadi bagian dari Peraturan Perusahaan.                  clearly stated in the Company's Code of Conduct, which is
                                                                part of the Company Regulations.




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Page 170
Ikhtisar Kinerja               Laporan Manajemen             Profil Perusahaan             Analisis dan Pembahasan Manajemen
Highlights Performance         Management Report             Company Profile               Management Discussion and Analysis




Sosialisasi Kode Etik dan Upaya Penegakannya                 Socialization of the Code of Conduct and
                                                             Enforcement Efforts

Kode Etik Perseroan diperkenalkan kepada seluruh             The Company's Code of Conduct is introduced to all levels
tingkatan karyawan dalam bentuk tertulis pada                of employees in written form in the employment contract,
kontrak kerja yang harus dipahami, ditandatangani,           which must be understood, signed, and implemented by
dan diimplementasikan oleh seluruh karyawan. Setiap          all employees. Every employee is expected to behave in
karyawan diharapkan untuk berperilaku sesuai dengan          accordance with the Company's values and apply the
nilai-nilai Perseroan dan menerapkan Kode Etik dalam         Code of Conduct in their daily activities. To ensure its
kegiatan sehari-hari. Untuk memastikan efektivitasnya,       effectiveness, the Company periodically evaluates the
Perseroan secara berkala melakukan evaluasi terhadap         implementation of the Code of Conduct and conducts
penerapan Kode Etik dan mengadakan program sosialisasi       regular dissemination programs for all employees.
berkala bagi segenap karyawan.

Sanksi dan Pelanggaran Kode Etik                             Sanctions and Violations of the Code of Conduct

Sanksi akan diberikan bagi siapa saja yang terbukti          Sanctions will be imposed on anyone proven to have
melakukan pelanggaran Kode Etik Perseroan. Hal tersebut      violated the Company's Code of Conduct. This is done in
dilakukan guna menciptakan lingkungan kerja yang etis,       order to create an ethical and healthy work environment,
sehat, serta sebagai sikap Perseroan dalam penerapan         as well as to demonstrate the Company's commitment
Tata Kelola Perusahaan yang Baik. Apabila terdapat           to implementing Good Corporate Governance. Any
indikasi terkait pelanggaran Kode Etik harus segera          indications of violations of the Code of Conduct must be
dilaporkan untuk ditindaklanjuti. Pemberian sanksi bagi      reported immediately for follow-up. Sanctions for violators
pelaku pelanggaran Kode Etik akan disesuaikan menurut        of the Code of Conduct will be adjusted according to the
jenis dan tingkat pelanggaran yang terkait.                  type and level of the violation.

Jumlah Pelanggaran Kode Etik                                 Number of Code of Conduct Violations

Di tahun 2025, tidak terdapat pelanggaran kode etik          In 2025, there were no violations of the Code of Conduct
di Perseroan.                                                at the Company.

Pengungkapan Mengenai Budaya Perusahaan                      Disclosure Regarding Corporate Culture

Uraian lebih lanjut mengenai Nilai-Nilai Budaya Perusahaan   Further details regarding the Company's Cultural Values
sudah diungkapkan pada Bab Profil Perusahaan.                are disclosed in the Company Profile chapter.




Sistem Pelaporan Pelanggaran
Whistleblowing System


Sistem Pelaporan Pelanggaran (Whistleblowing System)         The Whistleblowing System is a Company policy that
merupakan kebijakan Perseroan yang memungkinkan              allows all stakeholders to report suspected violations in a
seluruh pemangku kepentingan untuk melaporkan dugaan         safe, structured, and confidential manner. In every daily
pelanggaran secara aman, terstruktur, dan kerahasiaan        operational and business activity, there is a possibility
terjamin. Dalam setiap aktivitas operasional dan bisnis      of violations occurring, either from internal employees
yang dijalankan sehari-hari, tidak menutup kemungkinan       or external parties, which can cause material or
akan terjadinya pelanggaran, baik berasal dari karyawan      immaterial damage to the Company.		
internal maupun pihak eksternal, yang dapat merugikan
Perseroan secara materiil maupun immaterial.

WBS berfungsi sebagai alat deteksi dini terhadap dugaan      The WBS serves as an early detection tool for suspected
tindak penyimpangan atau kecurangan di lingkungan            irregularities or fraud within the Company. By implementing
Perseroan. Dengan penerapan sistem ini, Perseroan            this system, the Company is committed to maintaining
berkomitmen untuk menjaga integritas dan tata kelola         integrity and good corporate governance (GCG).
perusahaan yang baik (Good Corporate Governance/GCG).




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       Tata Kelola Perusahaan          Laporan Keberlanjutan
       Good Corporate Governance       Sustainability Report




Tujuan dan Manfaat WBS                                            Purpose and Benefits of WBS

1. Mendorong Keberanian Pelaporan:                                1. Encouraging Courageous Reporting:

   •    Memberikan kesempatan bagi karyawan untuk                    •   Providing employees with the opportunity to report
        melaporkan tindak pelanggaran atau dugaan                        violations or suspected violations with a sense of
        pelanggaran dengan rasa aman, tanpa takut akan                   security, without fear of negative consequences
        dampak negatif atau pembalasan.                                  or retaliation.

2. Meningkatkan Deteksi dan Pencegahan:                           2. Improving Detection and Prevention:

   •    Memastikan      tindakan   pelanggaran            dapat      •   Ensuring that violations      can   be identified
        diidentifikasi dan ditangani sejak dini           untuk          and    addressed     early     on    to  protect
        melindungi kepentingan Perseroan.                                the Company's interests.

Dengan keberadaan WBS, Perseroan berharap dapat                   With the WBS in place, the Company hopes to
menciptakan lingkungan kerja yang transparan, jujur,              create a transparent, honest, and accountable work
dan akuntabel, sekaligus memitigasi risiko yang dapat             environment, while mitigating risks that could hinder
menghambat keberlanjutan usaha.                                   business continuity.		

Mekanisme Penyampaian Laporan Pelanggaran                         Mechanism for Reporting Violations

Pihak Pelapor dapat menyampaikan laporan pengaduan                Reporters can submit reports of            violations    or
pelanggaran atau dugaan terjadinya tindak kecurangan di           suspected fraud within the Company to:
lingkup Perseroan kepada:

  Sekretaris Perusahaan                                             Corporate Secretary
  Gedung Office 8 Lantai 3                                          Office 8 Building, 3rd Floor

  Jl. Senopati No. 8B Senayan, Kebayoran Baru,Jakarta               Jl. Senopati No. 8B Senayan, Kebayoran Baru, Jakarta
  12190 - Indonesia                                                 12190 - Indonesia
  Telp.             : +62 21 29 343 888 ; +62 21 29 343 777         Phone.        : +62 21 29 343 888 ; +62 21 29 343 777
  E-mail            : corsec.his@hasnurgroup.com                    E-mail        : corsec.his@hasnurgroup.com
  Situs Web         : www.pthis.id                                  Website       : www.pthis.id

Seluruh laporan yang masuk melalui WBS akan diproses              All reports submitted through the WBS will be processed
oleh Sekretaris Perusahaan dengan rentang waktu                   by the Corporate Secretary within the standard processing
penanganan sesuai standar dan prosedur internal                   timeframe in accordance with applicable internal standards
yang berlaku.                                                     and procedures.

Perlindungan bagi Pelapor                                         Protection for Whistleblowers

Perseroan     menjamin    keamanan     Pelapor  dengan            The Company guarantees the safety of Whistleblowers
merahasiakan identitas Pelapor dan memberikan                     by keeping their identities confidential and providing
perlindungan keamanan kepada Pelapor dari tindakan                security protection to Reporters from actions that could
yang dapat merugikan pihaknya. Komitmen Perseroan                 harm them. The Company's commitment to this is in
akan hal ini sesuai dengan UU No. 13 tahun 2006 tentang           accordance with Law No. 13 of 2006 concerning Witness
Perlindungan Saksi dan Korban dan tertuang dalam                  and Victim Protection and is outlined in the Company's
Kebijakan WBS Perseroan.                                          WBS Policy.

Proses Penanganan Pengaduan dan Pihak                             Complaint Handling Process and Complaint
Pengelola Aduan                                                   Management

Laporan pengaduan pelanggaran pertama kali diterima               Complaints regarding violations are first received by the
oleh Sekretaris Perusahaan untuk dipilah dan diidentifikasi.      Corporate Secretary for sorting and identification. If the
Apabila pengaduan atas pelanggaran tersebut didukung              complaint is supported by strong preliminary evidence,
dengan bukti-bukti awal yang kuat maka Sekretaris                 the Corporate Secretary will forward the report to
Perusahaan akan meneruskan laporan tersebut ke unit               the relevant work unit for immediate follow-up.
kerja terkait untuk segera ditindaklanjuti.




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Ikhtisar Kinerja                   Laporan Manajemen          Profil Perusahaan              Analisis dan Pembahasan Manajemen
Highlights Performance             Management Report          Company Profile                Management Discussion and Analysis




Selanjutnya, Direktur Utama akan menunjuk seorang            Next, the President Director will appoint an independent
independen    untuk     melakukan  penyelidikan    dan       party to conduct an investigation and submit the results of
menyampaikan hasil penyelidikan kepada Direktur Utama.       the investigation to the President Director. The findings of
Temuan     penyelidikan   kemudian   menjadi     bahan       the investigation will then be considered by the Board of
pertimbangan bersama antara Direksi dan Dewan                Directors and the Board of Commissioners in determining
Komisaris dalam menetapkan sanksi yang tepat atas            the appropriate sanctions for the violation.
pelanggaran tersebut.

Jumlah Pengaduan Tahun 2025                                  Number of Complaints in 2025

Hingga akhir tahun 2025, Perseroan tidak menerima laporan    As of the end of 2025, the Company has not received any
pelanggaran yang terjadi di dalam lingkungan Perseroan.      reports of violations occurring within the Company.




Kebijakan Antikorupsi
Anti-Corruption Policy


Sebagai perwujudan komitmen Perseroan dalam                  As a manifestation of the Company's commitment to
menciptakan lingkungan kerja yang bersih, transparan,        creating a clean, transparent, and corruption, collusion,
serta terbebas dari praktik Korupsi, Kolusi, dan Nepotisme   and nepotism (KKN)-free work environment, the
(KKN), Perseroan telah menyusun dan menetapkan               Company has formulated and established an Anti-
Kebijakan Antikorupsi yang berlandaskan pada Undang-         Corruption Policy based on Law Number 31 of 1999
Undang Nomor 31 Tahun 1999 tentang Pemberantasan             concerning Eradication of Corruption Crimes.
Tindak Pidana Korupsi.

Melalui kebijakan ini, Perseroan berupaya:                   Through this policy, the Company strives to:

1. Membangun budaya Antikorupsi di seluruh tingkatan         1. Build an anti-corruption culture at all levels of the
   organisasi; dan                                              organization; and

2. Menumbuhkan rasa tanggung jawab kepada seluruh            2. Foster a sense of responsibility among all employees
   karyawan untuk aktif mengawasi tindakan koruptif di          to actively monitor corrupt practices within
   lingkungan perusahaan.                                       the company.

Larangan dalam Kebijakan Antikorupsi                         Prohibitions in the Anti-Corruption Policy

Kebijakan ini melarang manajemen dan karyawan untuk          This policy prohibits management and employees from
memberikan, menjanjikan, atau mengotorisasi dalam            giving, promising, or authorizing any form of gift with a
bentuk pemberian apapun dengan nilai lebih dari Rp10.000     value of more than Rp10,000 (ten thousand rupiah) to:
(sepuluh ribu rupiah) kepada:

•     Pejabat pemerintahan.                                  •   Government officials.

•     Pihak lain, dengan tujuan:                             •   Other parties, for the purpose of:

      -   Memperoleh atau mempertahankan bisnis tertentu;        -    Obtaining or retaining specific business;

      -   Melindungi kepentingan tertentu; dan                   -    Protecting certain interests; and

      -   Memengaruhi keputusan secara tidak layak.              -    Influencing resolutions in an inappropriate manner.

Sosialisasi Kebijakan Antikorupsi                            Socialization of Anti-Corruption Policy

Untuk memastikan efektivitas implementasi kebijakan ini,     To ensure the effectiveness of this policy's implementation,
Perseroan melakukan sosialisasi secara berkala melalui:      the Company conducts regular socialization through:

1. Kegiatan internal karyawan, seperti pelatihan dan         1. Internal employee activities, such as regular training
   diskusi reguler.                                             and discussions.

2. Materi orientasi bagi karyawan baru, agar pemahaman       2. Orientation materials for new employees, so that
   tentang Kebijakan AntiKorupsi menjadi bagian dari            understanding of the Anti-Corruption Policy becomes
   budaya kerja sejak awal.                                     part of the work culture from the outset.

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       Tata Kelola Perusahaan                  Laporan Keberlanjutan
       Good Corporate Governance               Sustainability Report




Melalui komitmen ini, Perseroan menegaskan komitmennya                         Through this commitment, the Company affirms its
untuk mengedepankan integritas dalam seluruh aktivitas                         commitment to prioritizing integrity in all business activities
bisnis serta mendorong praktik tata kelola perusahaan                          and promoting good corporate governance practices.
yang baik.




Penerapan Pedoman Tata Kelola Perusahaan Terbuka
Implementation of Corporate Governance Guidelines


Penerapan GCG di Perseroan telah mengacu pada                                  The implementation of GCG in the Company has referred
Pedoman Tata Kelola Perusahaan Terbuka diatur                                  to the Guidelines for Corporate Governance of Public
berdasarkan POJK 21/2015 yang dijabarkan dalam                                 Companies regulated by POJK 21/2015 as elaborated in
SEOJK 31/2015 yang memuat 5 aspek, 8 prinsip dan                               SEOJK 31/2015, which contains 5 aspects, 8 principles,
25 rekomendasi penerapan prinsip tata kelola perusahaan                        and 25 recommendations for the implementation of good
yang baik di perusahaan publik dengan penjabaran                               corporate governance principles in public companies, as
sebagai berikut:                                                               elaborated below:

 No.   Prinsip                     Rekomendasi                Penjelasan Penerapan di PT Hasnur Internasional Shipping Tbk                     Keterangan
       Principle                   Recommendation             Explanation of Implementation at PT Hasnur Internasional Shipping Tbk            Description

  I    Aspek 1: Hubungan Perusahaan Terbuka dengan Pemegang Saham dalam menjamin hak-hak Pemegang Saham
       Aspect 1: Relationship between the Public Company and Shareholders in guaranteeing the rights of Shareholders

       Prinsip 1: Meningkatkan Nilai Penyelenggaraan RUPS
       Principle 1: Improving the Value of the Annual GMS

       Perusahaan Terbuka memiliki cara atau prosedur         Perseroan telah memiliki mekanisme dan prosedur pengambilan keputusan            Terpenuhi
       teknis pengumpulan suara (voting) baik secara          melalui pemungutan suara (voting) secara fisik dan elektronik. Pemungutan        Fulfilled
       terbuka maupun tertutup yang mengedepankan             suara secara fisik dilakukan dengan pemegang saham mengangkat tangan
       independensi, dan kepentingan pemegang saham.          sesuai dengan pilihan yang ditawarkan oleh Pimpinan RUPS. Sedangkan
       The Public Company has technical procedures            pemungutan suara secara elektronik dilakukan melalui aplikasi eASY.KSEI
       for collecting votes (voting), both openly and         dengan mengedepankan independensi dan kepentingan pemegang saham
       confidentially, that prioritize independence and the   sebagaimana dituangkan dalam Tata Tertib RUPS yang dibacakan dalam
       interests of shareholders.                             RUPS dan dibagikan kepada pemegang saham yang hadir.
                                                              The Company has mechanisms and procedures for resolution-making
                                                              through physical and electronic voting. Physical voting is conducted by
                                                              shareholders raising their hands in accordance with the options offered by the
                                                              GMS Chair. Meanwhile, electronic voting is conducted through the eASY.KSEI
                                                              application, prioritizing independence and shareholder interests as outlined
                                                              in the Annual GMS Rules of Procedure, which are read out at the Annual GMS
                                                              and distributed to shareholders in attendance.

       Seluruh anggota Direksi dan anggota Dewan              Seluruh anggota Direksi dan Dewan Komisaris hadir dalam RUPS Tahunan             Terpenuhi
       Komisaris Perusahaan Terbuka hadir dalam               tanggal 26 Maret 2025 baik secara fisik maupun elektronik.                       Fulfilled
       RUPS Tahunan.                                          All members of the Board of Directors and Board of Commissioners
       All members of the Board of Directors and Board of     were present at the Annual GMS on 26 March 2025, both physically and
       Commissioners of the Public Company were present       electronically.
       at the Annual GMS.

       Ringkasan risalah RUPS tersedia dalam Situs            Dalam rangka memenuhi ketentuan POJK No. 15/ POJK.04/2020 tentang                Terpenuhi
       Web Perusahaan Terbuka paling sedikit selama           Rencana dan Penyelenggaraan Rapat Umum Pemegang Saham Perusahaan                 Fulfilled
       1 (satu) tahun.                                        Terbuka dan POJK 16/POJK.04/2020 tentang Pelaksanaan Rapat Umum
       A summary of the minutes of the Annual GMS is          Pemegang Saham Perusahaan Terbuka Secara Elektronik, Perseroan telah
       available on the Public Company's website for at       mencantumkan Ringkasan Risalah RUPS pada situs web Perseroan dalam
       least 1 (one) year.                                    Bahasa Indonesia dan Bahasa Inggris. Informasi ini bisa diakses di https://
                                                              www. pthis.id/report-update
                                                              In order to comply with the provisions of POJK No. 15/POJK.04/2020
                                                              concerning the Plan and Implementation of General Meetings of Shareholders
                                                              of Public Companies and POJK 16/POJK.04/2020 concerning the
                                                              Implementation of Electronic General Meetings of Shareholders of Public
                                                              Companies, the Company has posted a summary of the GMS minutes on
                                                              the Company's website in Indonesian and English. This information can be
                                                              accessed at https://www. pthis.id/report-update




Laporan Tahunan Annual Report 2025                                                                                                                         171
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Ikhtisar Kinerja                          Laporan Manajemen                        Profil Perusahaan                     Analisis dan Pembahasan Manajemen
Highlights Performance                    Management Report                        Company Profile                       Management Discussion and Analysis




 No.    Prinsip                    Rekomendasi                  Penjelasan Penerapan di PT Hasnur Internasional Shipping Tbk                     Keterangan
        Principle                  Recommendation               Explanation of Implementation at PT Hasnur Internasional Shipping Tbk            Description

        Prinsip 2: Meningkatkan Kualitas Komunikasi Perusahaan Terbuka dengan Pemegang Saham atau Investor
        Principle 2: Improving the Quality of Communication between Public Companies and Shareholders or Investors

        Perusahaan Terbuka memiliki suatu kebijakan             Perseroan memiliki kebijakan komunikasi dengan Pemegang Saham dan                Terpenuhi
        komunikasi dengan pemegang saham atau investor.         investor. Sekretaris Perusahaan yang merangkap sebagai Investor Relations        Fulfilled
        The Public Company has a communication policy           Perseroan bertugas membina hubungan dan komunikasi dengan Pemegang
        with shareholders or investors.                         Saham dan para investor. Lingkup komunikasi yang dimaksud, antara lain
                                                                melalui RUPS, paparan publik, situs web Perseroan, siaran pers, laporan
                                                                tahunan, dan e-mail.
                                                                The Company has a communication policy with Shareholders and investors.
                                                                The Corporate Secretary, who also serves as the Company's Investor Relations
                                                                Officer, is responsible for fostering relationships and communication with
                                                                Shareholders and investors. The scope of communication includes, among
                                                                others, the Annual GMS, public presentations, the Company's website, press
                                                                releases, annual reports, and e-mails.

        Perusahaan Terbuka mengungkapkan kebijakan              Kebijakan komunikasi dengan Pemegang Saham dan investor telah                    Terpenuhi
        komunikasi Perusahaan Terbuka dengan pemegang           diungkapkan pada situs web Perseroan. Perseroan berkomitmen akan terus           Fulfilled
        saham atau investor dalam situs web.                    menyempurnakan kebijakan tersebut.
        The Public Company discloses its communication          The communication policy with shareholders and investors has been
        policy with shareholders or investors on its website.   disclosed on the Company's website. The Company is committed to
                                                                continuously improving this policy.

  II    Aspek 2: Fungsi dan Peran Dewan Komisaris
        Aspect 2: Functions and Roles of the Board of Commissioners

        Prinsip 3: Memperkuat Keanggotaan dan Komposisi Dewan Komisaris
        Principle 3: Strengthening the Membership and Composition of the Board of Commissioners

        Penentuan jumlah anggota Dewan Komisaris                Penentuan     jumlah    anggota     Dewan    Komisaris    Perseroan    telah     Terpenuhi
        mempertimbangkan kondisi Perusahaan Terbuka.            mempertimbangkan kondisi dan kapasitas Perseroan sesuai ketentuan                Fulfilled
        The determination of the number of members of           POJK 33/2014 tentang Direksi dan Dewan Komisaris Emiten atau Perusahaan
        the Board of Commissioners takes into account the       Publik, peraturan terkait lainnya termasuk Peraturan Bursa Efek Indonesia,
        conditions of the Public Company.                       Anggaran Dasar Perseroan serta Pedoman dan Tata Tertib Kerja Dewan
                                                                Komisaris.
                                                                The determination of the number of members of the Board of Commissioners
                                                                of the Company has taken into account the conditions and capacity of the
                                                                Company in accordance with the provisions of POJK 33/2014 concerning
                                                                the Board of Directors and Board of Commissioners of Issuers or Public
                                                                Companies, other related regulations including the Indonesia Stock Exchange
                                                                Regulations, the Company's Articles of Association, and the Board of
                                                                Commissioners Charter.

        Penentuan komposisi anggota Dewan Komisaris             Perseroan memiliki anggota Dewan Komisaris dengan beragam pengalaman             Terpenuhi
        memerhatikan keragaman keahlian, pengetahuan,           dan keahlian sebagaimana tercantum dalam profil dan tabel keberagaman            Fulfilled
        dan pengalaman yang dibutuhkan.                         komposisi Dewan Komisaris pada Laporan Tahunan Perseroan.
        The determination of the composition of the Board       The Company has members of the Board of Commissioners with diverse
        of Commissioners takes into account the diversity of    experience and expertise as stated in the profiles and diversity table of the
        expertise, knowledge, and experience required.          composition of the Board of Commissioners in the Company's Annual Report.

        Prinsip 4: Meningkatkan Kualitas Pelaksanaan Tugas dan Tanggung Jawab Dewan Komisaris
        Principle 4: Improving the Quality of the Implementation of the Duties and Responsibilities of the Board of Commissioners

        Dewan Komisaris mempunyai kebijakan penilaian           Pelaksanaan penilaian kinerja Dewan Komisaris secara kolegial dilakukan          Terpenuhi
        sendiri (Self Assessment) untuk menilai kinerja         melalui self-assessment oleh masing-masing anggota Dewan Komisaris               Fulfilled
        Dewan Komisaris.                                        setiap tahun. Dewan Komisaris melakukan review atas hasil penilaian sendiri
        The Board of Commissioners has its own self-            yang telah dikonsolidasi untuk mengukur efektivitasnya dan menentukan area
        assessment policy for evaluating the performance of     yang perlu ditingkatkan.
        the Board of Commissioners.                             The performance assessment of the Board of Commissioners is carried
                                                                out collegially through self-assessment by each member of the Board
                                                                of Commissioners every year. The Board of Commissioners reviews the
                                                                consolidated results of the self-assessment to measure its effectiveness and
                                                                determine areas for improvement.

        Kebijakan penilaian sendiri (Self Assessment) untuk     Perseroan    telah  mengungkapkan    kebijakan  penilaian   sendiri              Terpenuhi
        menilai kinerja Dewan Komisaris, diungkapkan            (self-assessment) untuk menilai kinerja Dewan Komisaris dalam                    Fulfilled
        melalui Laporan Tahunan Perusahaan Terbuka.             Laporan Tahunan Perseroan.
        The self-assessment policy for evaluating the           The Company has disclosed the self-assessment policy for evaluating
        performance of the Board of Commissioners is            the performance of the Board of Commissioners in the Company's
        disclosed in the Company's Annual Report.               Annual Report.

        Dewan Komisaris mempunyai kebijakan terkait             Pasal 18 Anggaran Dasar Perseroan mengatur pengunduran diri anggota              Terpenuhi
        pengunduran diri anggota Dewan Komisaris apabila        Dewan Komisaris.                                                                 Fulfilled
        terlibat dalam kejahatan keuangan.                      Article 18 of the Company's Articles of Association regulates the resignation
        The Board of Commissioners has a policy                 of members of the Board of Commissioners.
        regarding the resignation of members of the
        Board of Commissioners if they are involved in
        financial crimes.

        Dewan Komisaris atau Komite yang menjalankan            Kebijakan suksesi anggota Direksi digunakan untuk menjaga kesinambungan          Terpenuhi
        fungsi Nominasi dan Remunerasi menyusun kebijakan       kepemimpinan di masa mendatang. Pelaksanaan suksesi dilakukan dengan             Fulfilled
        suksesi dalam proses Nominasi anggota Direksi.          mengidentifikasi terhadap pejabat-pejabat eksekutif yang memiliki potensi
        The Board of Commissioners or the Committee that        untuk menempati posisi Manajemen Kunci, melalui proses talent management.
        performs the Nomination and Remuneration functions      The succession policy for members of the Board of Directors is used to
        formulates a succession policy in the process of        maintain continuity of leadership in the future. Succession is implemented by
        nominating members of the Board of Directors.           identifying executives who have the potential to fill key management positions
                                                                through a talent management process.




172                                                                                                                 PT Hasnur Internasional Shipping Tbk
Page 175
       Tata Kelola Perusahaan                     Laporan Keberlanjutan
       Good Corporate Governance                  Sustainability Report




 No.   Prinsip                      Rekomendasi                   Penjelasan Penerapan di PT Hasnur Internasional Shipping Tbk                         Keterangan
       Principle                    Recommendation                Explanation of Implementation at PT Hasnur Internasional Shipping Tbk                Description

 III   Aspek 3: Fungsi dan Peran Direksi
       Aspect 3: Functions and Roles of the Board of Directors

       Prinsip 5: Memperkuat Keanggotaan dan Komposisi Direksi
       Principle 5: Strengthening the Membership and Composition of the Board of Directors

       Penentuan          jumlah      anggota       Direksi       Penentuan jumlah anggota Direksi Perseroan telah mempertimbangkan                    Terpenuhi
       mempertimbangkan kondisi Perusahaan Terbuka                kondisi dan kapasitas Perseroan, sesuai ketentuan POJK 33/2014 tentang               Fulfilled
       serta efektivitas dalam pengambilan keputusan.             Direksi dan Dewan Komisaris Emiten atau Perusahaan Publik, peraturan
       The determination of the number of members of the          terkait lainnya termasuk Peraturan Peraturan Bursa Efek Indonesia, Anggaran
       Board of Directors takes into account the conditions       Dasar Perseroan serta Pedoman dan Tata Tertib Kerja Direksi.
       of the Public Company and the effectiveness of             The determination of the number of members of the Board of Directors of the
       resolution-making.                                         Company has taken into account the conditions and capacity of the Company,
                                                                  in accordance with the provisions of POJK 33/2014 concerning the Board of
                                                                  Directors and Board of Commissioners of Issuers or Public Companies, other
                                                                  relevant regulations including the Indonesia Stock Exchange Regulations, the
                                                                  Company's Articles of Association, and the Board of Directors Charter and
                                                                  Board of Commissioners Charter.

       Penentuan komposisi anggota Direksi memerhatikan,          Perseroan memiliki anggota Direksi dengan beragam pengalaman dan                     Terpenuhi
       keragaman keahlian, pengetahuan, dan pengalaman            keahlian sebagaimana tercantum dalam profil Direksi dan tabel keberagaman            Fulfilled
       yang dibutuhkan.                                           komposisi Direksi pada Laporan Tahunan Perseroan.
       The determination of the composition of the Board          The Company has Board of Directors members with diverse experience and
       of Directors takes into account the diversity of skills,   expertise as stated in the Board of Directors' profiles and the table of diversity
       knowledge, and experience required.                        in the composition of the Board of Directors in the Company's Annual Report.

       Anggota Direksi yang membawahi bidang akuntansi            Penetapan anggota Direksi yang membawahi bidang akuntansi atau keuangan              Terpenuhi
       atau   keuangan      memiliki   keahlian dan/atau          dilakukan dengan mempertimbangkan keahlian dan/atau pengetahuan di                   Fulfilled
       pengetahuan di bidang akuntansi.                           bidang akuntansi. Profil Direktur yang membawahi bidang akuntansi atau
       The member of the Board of Directors overseeing            keuangan tertera di dalam Laporan Tahunan Perseroan.
       accounting or finance has expertise and/or                 The appointment of the member of the Board of Directors overseeing
       knowledge in the field of accounting.                      accounting or finance is made by considering expertise and/or knowledge in
                                                                  the field of accounting. The profile of the Director overseeing accounting or
                                                                  finance are listed in the Company's Annual Report.

       Prinsip 6: Meningkatkan Kualitas Pelaksanaan Tugas dan Tanggung Jawab Direksi
       Principle 6: Improving the Quality of the Implementation of the Duties and Responsibilities of the Board of Directors

       Direksi mempunyai kebijakan penilaian sendiri              Kebijakan penilaian sendiri (self-assessment) Direksi merupakan suatu                Terpenuhi
       (Self Assessment) untuk menilai kinerja Direksi.           pedoman yang digunakan untuk penilaian kinerja Direksi secara kolegial.              Fulfilled
       The Board of Directors has its own assessment policy       Self-assessment dilakukan oleh masing-masing anggota Direksi berdasarkan
       (Self Assessment) to evaluate the performance of the       Indikator Kinerja Utama yang sudah ditetapkan di awal tahun, dengan kriteria
       Board of Directors.                                        penilaian antara lain pencapaian target, dan kepatuhan proses bisnis sesuai
                                                                  regulasi. Hasil penilaian self-assessment disampaikan oleh Direktur Utama ke
                                                                  Dewan Komisaris.
                                                                  The Board of Directors' self-assessment policy is a guideline used for
                                                                  the collegial assessment of the Board of Directors' performance. Self-
                                                                  assessment is carried out by each member of the Board of Directors based
                                                                  on Key Performance Indicators that have been set at the beginning of the
                                                                  year, with assessment criteria including target achievement and compliance
                                                                  with business processes in accordance with regulations. The results of
                                                                  the self-assessment are submitted by the President Director to the Board
                                                                  of Commissioners.

       Kebijakan penilaian sendiri (Self Assessment) untuk        Perseroan telah mengungkapkan kebijakan penilaian sendiri (self-                     Terpenuhi
       menilai kinerja Direksi diungkapkan melalui laporan        assessment) untuk menilai kinerja Direksi dalam Laporan Tahunan Perseroan.           Fulfilled
       tahunan Perusahaan Terbuka.                                The Company has disclosed its self-assessment policy for evaluating the
       The self-assessment policy for evaluating the              performance of the Board of Directors in the Company's Annual Report.
       performance of the Board of Directors is disclosed in
       the Company's annual report.

       Direksi mempunyai kebijakan terkait pengunduran            Pasal 15 Anggaran Dasar Perseroan mengatur mengenai pengunduran diri                 Terpenuhi
       diri anggota Direksi apabila terlibat dalam                anggota Direksi.                                                                     Fulfilled
       kejahatan keuangan.                                        Article 15 of the Company's Articles of Association regulates the resignation
       The Board of Directors has a policy regarding the          of members of the Board of Directors.
       resignation of Board members if they are involved in
       financial crimes.

 IV    Aspek 4: Partisipasi Pemangku Kepentingan
       Aspect 4: Stakeholder Participation

       Prinsip 7: Meningkatkan Aspek Tata Kelola Perusahaan melalui Partisipasi Pemangku Kepentingan
       Principle 7: Improving Corporate Governance through Stakeholder Participation

       Perusahaan Terbuka memiliki kebijakan untuk                Perseroan telah menetapkan Kebijakan Insider Trading melalui SK Dewan                Terpenuhi
       mencegah terjadinya insider trading.                       Komisaris dan Direksi, yang telah disosialisasikan kepada seluruh karyawan.          Fulfilled
       The Public Company has a policy to prevent                 Kode Etik Perseroan melarang Dewan Komisaris, Direksi, dan karyawan serta
       insider trading                                            pihak-pihak yang memiliki hubungan erat dengan mereka untuk melakukan
                                                                  perdagangan saham atau efek lain berdasarkan informasi dari dalam
                                                                  Perseroan yang belum dipublikasikan.
                                                                  The Company has established an Insider Trading Policy through a Board of
                                                                  Commissioners and Board of Directors Decree, which has been disseminated
                                                                  to all employees. The Company's Code of Conduct prohibits the Board of
                                                                  Commissioners, Board of Directors, employees, and parties closely related to
                                                                  them from trading shares or other securities based on inside information that
                                                                  has not been made public.




Laporan Tahunan Annual Report 2025                                                                                                                                 173
Page 176
Ikhtisar Kinerja                           Laporan Manajemen                        Profil Perusahaan                     Analisis dan Pembahasan Manajemen
Highlights Performance                     Management Report                        Company Profile                       Management Discussion and Analysis




 No.    Prinsip                     Rekomendasi                  Penjelasan Penerapan di PT Hasnur Internasional Shipping Tbk                      Keterangan
        Principle                   Recommendation               Explanation of Implementation at PT Hasnur Internasional Shipping Tbk             Description

        Perusahaan Terbuka memiliki kebijakan antikorupsi        Perseroan memiliki Kebijakan Antikorupsi dan Kebijakan Anti-Fraud                 Terpenuhi
        dan anti-fraud.                                          sebagaimana sudah diungkapkan dalam Laporan Tahunan Perseroan.                    Fulfilled
        The Public Company has an anti-corruption Policy         The Company has an Anti-Corruption Policy and an Anti-Fraud Policy as
        and anti-fraud policy.                                   disclosed in the Company's Annual Report

        Perusahaan Terbuka memiliki kebijakan tentang            Perseroan memiliki kebijakan tentang seleksi dan peningkatan kemampuan            Terpenuhi
        seleksi dan peningkatan kemampuan pemasok                pemasok atau vendor dalam rangka menjamin kontinuitas pasokan, baik dari          Fulfilled
        atau vendor.                                             segi kuantitas maupun kualitas yang dibutuhkan oleh Perseroan.
        The Public Company has a policy on the selection         The Company has a policy on the selection and improvement of supplier or
        and improvement of supplier or vendor capabilities.      vendor capabilities in order to ensure continuity of supply, both in terms of
                                                                 quantity and quality required by the Company.

        Perusahaan Terbuka memiliki kebijakan tentang            Perseroan menjaga hubungan baik yang saling menguntungkan dengan                  Terpenuhi
        pemenuhan hak-hak kreditur.                              kreditur dan selalu berupaya untuk memenuhi hak-hak kreditur seperti yang         Fulfilled
        The Public Company has a policy on the fulfillment of    tertuang dalam Perjanjian Kerja Sama.
        creditors' rights.                                       The Company maintains good, mutually beneficial relationships with
                                                                 creditors and always strives to fulfill the rights of creditors as set forth in
                                                                 the Cooperation Agreement.

        Perusahaan       Terbuka      memiliki      kebijakan    Perseroan memiliki kebijakan sistem whistleblowing sebagaimana sudah              Terpenuhi
        sistem whistleblowing.                                   diungkapkan dalam Laporan Tahunan.                                                Fulfilled
        The Public Company          has    a   whistleblowing    The Company has a whistleblowing system policy as disclosed in
        system policy.                                           the Annual Report.

        Perusahaan Terbuka memiliki kebijakan pemberian          Perseroan memiliki kebijakan pemberian insentif bagi Manajemen dan                Terpenuhi
        insentif jangka panjang kepada Direksi dan karyawan.     karyawan dalam Program Kepemilikan Saham Manajemen dan Karyawan.                  Fulfilled
        The Public Company has a policy of providing             Program tersebut masih berjalan sampai dengan saat ini.
        long-term incentives to the Board of Directors           The Company has a policy of providing incentives to Management and
        and employees.                                           employees in the Management and Employee Stock Ownership Program. The
                                                                 program is still ongoing to date.

  V     Aspek 5: Keterbukaan Informasi
        Aspect 5: Information Disclosure

        Prinsip 8: Meningkatkan Pelaksanaan Keterbukaan Informasi
        Principle 8: Improving the Implementation of Information Disclosure

        Perusahaan Terbuka memanfaatkan penggunaan               Selain melalui situs web, Perseroan juga memanfaatkan teknologi informasi         Terpenuhi
        teknologi informasi secara lebih luas selain situs web   secara lebih luas dalam penyebaran informasi, termasuk melalui situs web          Fulfilled
        sebagai media keterbukaan informasi.                     Bursa Efek Indonesia.
        The Company utilizes information technology              In addition to the website, the Company also utilizes information technology
        more broadly than just its website as a medium for       more broadly in the dissemination of information, including through the
        information disclosure.                                  Indonesia Stock Exchange website.

        Laporan       Tahunan      Perusahaan       Terbuka      Perseroan telah mengungkapkan informasi mengenai pemegang saham yang              Terpenuhi
        mengungkapkan pemilik manfaat akhir dalam                memiliki 5% (lima persen) atau lebih kepemilikan saham Perseroan di Laporan       Fulfilled
        kepemilikan saham Perusahaan Terbuka paling              Tahunan dan situs web Perseroan. Selain itu, Perseroan juga menyampaikan
        sedikit 5% (lima persen), selain pengungkapan            Laporan Registrasi Pemegang Efek mengenai kepemilikan saham Perseroan
        pemilik manfaat akhir dalam kepemilikan saham            setiap bulan melalui SPE OJK dan IDXnet.
        Perusahaan Terbuka melalui pemegang saham                The Company has disclosed information regarding shareholders who own 5%
        utama dan pengendali.                                    (five percent) or more of the Company's shares in the Annual Report and on
        The Public Company's Annual Report discloses             the Company's website. In addition, the Company also submits a Securities
        the ultimate beneficial owners of at least 5% (five      Holder Registration Report regarding the ownership of the Company's shares
        percent) of the Public Company's shares, in addition     every month through SPE OJK and IDXnet.
        to disclosing the ultimate beneficial owners of the
        Public Company's shares through major shareholders
        and controllers.




174                                                                                                                  PT Hasnur Internasional Shipping Tbk
Page 177
       Tata Kelola Perusahaan                  Laporan Keberlanjutan
       Good Corporate Governance               Sustainability Report




Praktik Bad Corporate Governance
Bad Corporate Governance Practices


Perseroan menyadari bahwa praktik-praktik bad corporate                       The Company is aware that bad corporate governance
governance akan mengganggu sistem Tata Kelola yang                            practices will disrupt the Good Corporate Governance
Baik (GCG) yang telah dibangun oleh Perseroan. Oleh                           (GCG) system that has been established by the Company.
karena itu, selama tahun 2025, Perseroan tidak melakukan                      Therefore, during 2025, the Company did not take any
segala tindakan serta kebijakan yang berkaitan dengan                         actions or implement any policies related to such practices
praktik itu yang ditunjukkan pada tabel sebagai berikut:                      as shown in the following table:


 No.   Keterangan                                                                                                                        Praktik
       Description                                                                                                                       Practices

  1    Adanya laporan sebagai perusahaan yang mencemari lingkungan                                                                       Tidak Ada
       Reports of the company polluting the environment                                                                                  None

  2    Perkara penting yang sedang dihadapi oleh perusahaan, entitas anak, anggota Direksi dan/atau anggota Dewan Komisaris yang         Tidak Ada
       sedang menjabat tidak diungkapkan dalam Laporan Tahunan                                                                           None
       Legal issues currently faced by the company, its subsidiaries, members of the Board of Directors and/or members of the Board of
       Commissioners who are currently in office are not disclosed in the Annual Report.

  3    Ketidakpatuhan dalam pemenuhan kewajiban perpajakan                                                                               Tidak Ada
       Non-compliance with tax obligations                                                                                               None

  4    Ketidaksesuaian penyajian laporan tahunan dan laporan keuangan dengan peraturan yang berlaku dan SAK                              Tidak Ada
       Non-compliance in the presentation of annual reports and financial statements with applicable regulations and SAK                 None

  5    Kasus terkait buruh dan karyawan                                                                                                  Tidak Ada
       Cases related to labor and employees                                                                                              None

  6    Tidak terdapat pengungkapan segmen operasi pada Perusahaan                                                                        Tidak Ada
       There is no disclosure of operating segments in the Company                                                                       None

  7    Terdapat ketidaksesuaian antara Laporan Tahunan hardcopy dengan Laporan Tahunan softcopy                                          Tidak Ada
       There is a discrepancy between the AR hardcopy and AR softcopy                                                                    None




Laporan Tahunan Annual Report 2025                                                                                                               175
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Ikhtisar Kinerja         Laporan Manajemen   Profil Perusahaan       Analisis dan Pembahasan Manajemen
Highlights Performance   Management Report   Company Profile         Management Discussion and Analysis




176                                                              PT Hasnur Internasional Shipping Tbk
Page 179
Tata Kelola Perusahaan               Laporan Keberlanjutan
Good Corporate Governance            Sustainability Report




                                                   LAPORAN
                                                   KEBERLANJUTAN
                                                   SUSTAINABILITY REPORT




Laporan Tahunan Annual Report 2025                                         177
Page 180
Ikhtisar Kinerja                       Laporan Manajemen                 Profil Perusahaan               Analisis dan Pembahasan Manajemen
Highlights Performance                 Management Report                 Company Profile                 Management Discussion and Analysis




Ikhtisar Keberlanjutan
Sustainability Highlights


Aspek Ekonomi [OJK B.1]
Economic Aspect

 Keterangan                                            Satuan
                                                                                       2025              2024                 2023
 Description                                           Unit

 Jumlah Layanan yang Diberikan                         Layanan
                                                                                               2                2                    2
 Number of Services Provided                           Services

 Pendapatan                                            Rp juta
                                                                                      880.578           1.018.112             941.908
 Revenue                                               Rp million

 Laba Bersih Tahun Berjalan                            Rp juta
                                                                                        87.124           121.287               157.513
 Net Income for the Year                               Rp million

 Jumlah Aset                                           Rp juta
                                                                                    1.534.439          1.199.585              914.485
 Total Assets                                          Rp million

 Jumlah Liabilitas                                     Rp juta
                                                                                      695.581            437.134             248.346
 Total Liabilities                                     Rp million

 Jumlah Armada Kapal Ramah Lingkungan                  Unit
                                                                                               3                3                    2
 Number of Environmentally Friendly Vessels

 Jumlah Pemasok Lokal                                  Perusahaan
                                                                                              32              30                   20
 Number of Local Suppliers                             Companies



Aspek Lingkungan [OJK B.2]
Environmental Aspect

 Keterangan                                            Satuan
                                                                                       2025              2024                 2023
 Description                                           Unit

 Penggunaan Listrik di Kantor
                                                       kWh                               4.496            4.785                 5.471
 Electricity Usage in the Office

 Konsumsi Energi pada Kapal
                                                       Giga Joule (GJ)                 468.291          399.775              302.286
 Energy Consumption on Ships

 Emisi GRK yang Dihasilkan
 GHG Emissions Produced

 Cakupan 1
                                                       KgCO2eq                          28.043           32.752                 21.175
 Scope 1

 Cakupan 2
                                                       KgCO2eq                           75,010          79,832                79,327
 Scope 2

 Penggunaan Air di Kapal
                                                       Meter kubik                       17.280           11.842               13.098
 Water Usage on Ships
                                                       Cubic Meters
 Penggunaan Air di Kantor                              (m3)                                  1.176          949                   824
 Water Usage in Offices

 Penggunaan Kertas di Kantor                           Lembar
                                                                                       255.500          450.000              205.000
 Paper Usage in the Office                             Sheets

 Limbah di Kantor
                                                                                         4,927                5,1                  5,7
 Waste in the Office
                                                       Tons
 Limbah di Kapal
                                                                                             29,7          20,16                16,89
 Waste on Ships

 Jumlah Kasus Tumpahan Minyak di Kapal                 Kasus
                                                                                                0               0                    0
 Number of Oil Spill Cases on Ships                    Cases

 Penanaman Pohon                                       Bibit Pohon
                                                                                             556           5700                 5.500
 Tree Planting                                         Seedlings




178                                                                                                  PT Hasnur Internasional Shipping Tbk
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Tata Kelola Perusahaan                            Laporan Keberlanjutan
Good Corporate Governance                         Sustainability Report




Aspek Sosial [OJK B.3]
Social Aspect

 Keterangan                                          Satuan
                                                                                      2025               2024                2023
 Description                                         Unit

 Jumlah Karyawan                                     Orang
                                                                                        317                287                240
 Number of Employees                                 People

 Jumlah Jam Pelatihan                                Jam
                                                                                        990               1.449               990
 Number of Training Hours                            Hours

 Rata-rata Jam Pelatihan per Karyawan per Tahun      Jam
                                                                                       32,5                13,2                 7
 Average Training Hours per Employee per Year        Hours

 Biaya CSR                                           Rp juta
                                                                                       1.291             2.800               2.245
 CSR Costs                                           Rp million

 Fatalitas Akibat Kecelakaan Kerja                   Orang
                                                                                          0                   0                 0
 Work-Related Fatalities                             People




Komitmen Keberlanjutan Hasnur Internasional Shipping
Hasnur Internasional Shipping's Commitment to Sustainability


Pada tahun 2025, Perseroan terus memperkuat                               In 2025, the Company continues to strengthen its
komitmennya terhadap prinsip keberlanjutan sebagai                        commitment to sustainability principles as an integral part
bagian integral dari strategi pertumbuhan dan tata kelola                 of its growth strategy and corporate governance. Adhering
perusahaan. Dengan berpegang pada tiga pilar utama                        to three main pillars, namely economy, society, and
yaitu ekonomi, sosial, dan lingkungan. Perseroan berupaya                 environment, the Company strives to carry out efficient,
menjalankan operasional pelayaran yang efisien, ramah                     environmentally friendly, and ethical shipping operations.
lingkungan, dan beretika. Langkah ini sejalan dengan visi                 This step is in line with Hasnur Group's vision to create
Hasnur Group untuk menciptakan nilai berkelanjutan bagi                   sustainable value for all stakeholders, while contributing
seluruh pemangku kepentingan, sekaligus berkontribusi                     to the achievement of national Sustainable Development
terhadap pencapaian Tujuan Pembangunan Berkelanjutan                      Goals (SDGs).				
(SDGs) nasional.

Selain fokus pada inovasi teknologi dalam kegiatan                        In addition to focusing on technological innovation in
operasional, Perseroan juga menaruh perhatian besar                       its operations, the Company also pays great attention
terhadap     peningkatan      kesejahteraan    karyawan,                  to improving employee welfare, empowering coastal
pemberdayaan masyarakat pesisir, dan perlindungan                         communities, and protecting the maritime ecosystem.
ekosistem maritim. Melalui program tanggung jawab sosial                  Through corporate social responsibility programs and the
perusahaan dan penerapan praktik bisnis hijau, perseroan                  implementation of green business practices, the Company
berupaya menyeimbangkan antara pertumbuhan usaha                          strives to balance business growth with environmental
dengan tanggung jawab lingkungan serta sosial. Komitmen                   and social responsibilities. This commitment to
keberlanjutan ini tidak hanya mencerminkan kesadaran                      sustainability not only reflects the Company's awareness
Perseroan terhadap tantangan global, tetapi juga menjadi                  of global challenges, but also serves as an important
fondasi penting dalam mewujudkan bisnis pelayaran                         foundation in realizing an adaptive, competitive, and
yang adaptif, berdaya saing, dan berkeadilan bagi                         equitable shipping business for future generations.
generasi mendatang.

Strategi Keberlanjutan [OJK A.1]                                          Sustainability Strategy [OJK A.1]

Sebagai entitas bisnis yang berperan penting dalam sektor                 As a business entity that plays an important role in the
pelayaran nasional, Perseroan memandang keberlanjutan                     national shipping sector, the Company views sustainability
sebagai fondasi utama dalam menjaga keseimbangan                          as the main foundation in maintaining a balance between
antara pertumbuhan ekonomi, pelestarian lingkungan,                       economic growth, environmental preservation, and social
dan kesejahteraan sosial. Di tengah dinamika industri                     welfare. Amidst the ever-evolving dynamics of the maritime
maritim yang terus berkembang, Perseroan berkomitmen                      industry, the Company is committed to implementing a
untuk mengimplementasikan strategi keberlanjutan yang                     sustainability strategy that focuses not only on profitability,
tidak hanya berfokus pada profitabilitas, tetapi juga pada                but also on making a real contribution to the sustainability of
kontribusi nyata terhadap keberlanjutan ekosistem bisnis                  the business ecosystem and the environment. This strategy


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Ikhtisar Kinerja                  Laporan Manajemen               Profil Perusahaan             Analisis dan Pembahasan Manajemen
Highlights Performance            Management Report               Company Profile               Management Discussion and Analysis




dan lingkungan. Strategi ini menjadi pedoman perusahaan          serves as a guideline for the company in strengthening
dalam memperkuat daya saing, meningkatkan reputasi,              its competitiveness, enhancing its reputation, and
dan memastikan keberlanjutan jangka panjang bagi seluruh         ensuring long-term sustainability for all stakeholders.
pemangku kepentingan.

Strategi keberlanjutan Perseroan dibangun di atas tiga pilar     The Company's sustainability strategy is built on three main
utama, yaitu tata kelola keberlanjutan, penataan lingkungan,     pillars, namely sustainability governance, environmental
dan tanggung jawab sosial. Pilar tata kelola keberlanjutan       management, and social responsibility. The sustainability
mencerminkan komitmen Perseroan dalam menerapkan                 governance pillar reflects the Company's commitment to
prinsip transparansi, akuntabilitas, dan integritas di seluruh   applying the principles of transparency, accountability, and
lini organisasi. Perseroan berupaya memastikan bahwa             integrity across all lines of the organization. The Company
setiap keputusan bisnis dilakukan secara etis dan sesuai         strives to ensure that every business resolution is
dengan praktik tata kelola yang baik (good corporate             made ethically and in accordance with good corporate
governance), termasuk penguatan kebijakan kepatuhan,             governance practices, including strengthening compliance
manajemen risiko, serta pengawasan internal yang efektif.        policies, risk management, and effective internal control.

Sementara itu, pilar penataan lingkungan menjadi wujud           Meanwhile, the environmental management pillar
kesadaran Perseroan terhadap pentingnya menjaga                  embodies the Company's awareness of the importance
kelestarian sumber daya alam yang menjadi penopang               of preserving natural resources, which are the mainstay
utama kegiatan usaha. Perseroan terus mengembangkan              of its business activities. The Company continues to
inisiatif efisiensi bahan bakar, pengendalian emisi,             develop fuel efficiency initiatives, emission control, and
serta penerapan teknologi ramah lingkungan dalam                 the application of environmentally friendly technology in its
operasional armada. Sedangkan pilar tanggung jawab               fleet operations. The social responsibility pillar is oriented
sosial berorientasi pada peningkatan kualitas hidup              towards improving the quality of life of communities in the
masyarakat di sekitar wilayah operasional melalui program        vicinity of its operational areas through empowerment,
pemberdayaan, pendidikan, dan kesehatan.                         education, and health programs.

Melalui tiga pilar strategis tersebut, Perseroan menegaskan      Through these three strategic pillars, the Company
bahwa keberlanjutan bukan sekadar kewajiban, melainkan           affirms that sustainability is not merely an obligation, but
bagian integral dari identitas dan budaya perusahaan             an integral part of the company's identity and culture
dalam membangun masa depan maritim Indonesia yang                in building a resilient and sustainable maritime future
berdaya tahan dan berkelanjutan.                                 for Indonesia.

Membangun Budaya Keberlanjutan [OJK F.1]                         Building a Culture of Sustainability [OJK F.1]

Perseroan meyakini implementasi keberlanjutan dapat              The Company believes that the implementation of
berjalan secara optimal dengan menanamkan budaya                 sustainability can run optimally by instilling a culture
keberlanjutan pada seluruh aspek operasional, sumber             of sustainability in all aspects of operations, human
daya manusia, dan hubungan dengan pemangku                       resources, and relationships with stakeholders. The
kepentingan. Komitmen Perseroan dalam membangun                  Company's commitment to building a culture of
budaya keberlanjutan dilakukan secara kolaboratif                sustainability is carried out collaboratively with all
bersama seluruh pemangku kepentingan, agar dapat                 stakeholders, so that it can be the main driver of our steps
menjadi pendorong utama langkah kami ke depan menuju             forward towards a healthy and clean Company.
Perusahaan yang sehat dan bersih.

1. Internalisasi Nilai Keberlanjutan                             1. Internalization of Sustainability Values
   Perseroan mengintegrasikan nilai-nilai keberlanjutan ke          The Company integrates sustainability values into
   dalam visi, misi, dan tata kelola perusahaan. Pada sesi          its vision, mission, and corporate governance.
   morning briefing setiap hari, dilakukan sharing session          During the daily morning briefing session, there is
   terkait materi-materi terkait program CSR Perseroan              a sharing session related to materials concerning
   dan konsep-konsep CSR secara umum. Sosialisasi ini               the Company's CSR program and CSR concepts in
   ditujukan untuk meningkatkan pemahaman dan empati                general. This socialization is aimed at increasing
   karyawan tentang menjalankan operasional yang                    employee understanding and empathy about carrying
   memerhatikan keselarasan manusia, lingkungan, dan                out operations that pay attention to the harmony
   ekonomi. Selain itu, kami berhenti menggunakan air               between people, the environment, and the economy.
   minum kemasan plastik dan mendorong efisiensi kertas.            In addition, we have stopped using plastic bottled
   Dengan begitu, kebiasaan minum menggunakan gelas                 water and are promoting paper efficiency. That way,
   dan mengurangi pemakaian kertas menjadi bagian dari              the habit of drinking from glasses and reducing paper
   budaya kerja berkelanjutan di Perseroan.                         usage has become part of the Company's sustainable
                                                                    work culture.




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Tata Kelola Perusahaan                    Laporan Keberlanjutan
Good Corporate Governance                 Sustainability Report




2. Kolaborasi untuk Keberlanjutan                                 2. Collaboration for Sustainability
   Bersama entitas induk Hasnur Group, kami membangun                Together with the parent entity Hasnur Group, we
   sinergi untuk sama-sama menjalankan program-                      build synergy to jointly implement TJSL programs that
   program TJSL yang berdampak nyata. Kami juga                      have a real impact. We also engage other stakeholders
   menggandeng para pemangku kepentingan lain untuk                  to ensure that sustainability is a shared priority.
   memastikan keberlanjutan menjadi prioritas bersama.               This form of collaboration is explained in the Social
   Bentuk kolaborasi ini dijelaskan pada bagian Tanggung             and Environmental Responsibility section.
   Jawab Sosial dan Lingkungan.

3. Penataan Lingkungan yang Optimal                               3. Optimal Environmental Management
   Perseroan telah mengoperasikan armada kapal dengan                The Company operates its fleet of ships by applying
   menerapkan prinsip ramah lingkungan sesuai dengan                 environmentally friendly principles in accordance
   ketentuan ISO Code. Kami juga telah memenuhi                      with ISO Code provisions. We have also met various
   berbagai standar keberlanjutan, termasuk penggunaan               sustainability standards, including the use of B40
   bahan bakar ramah lingkungan B40, penerapan standar               environmentally friendly fuel, the application of
   untuk lampu hemat energi di kapal, serta penggunaan               standards for energy-efficient lighting on ships, and the
   cat TBT-free anti-fouling system saat proses docking.             use of TBT-free anti-fouling paint during the docking
   Dalam menjalankan operasional ramah lingkungan,                   process. In carrying out environmentally friendly
   kami memiliki standar prosedur operasional yang                   operations, we have standard operating procedures
   harus dipatuhi awak kapal sehingga turut membangun                that must be followed by the ship's crew to help build a
   budaya keberlanjutan.                                             culture of sustainability.

4. Keterlibatan Komunitas                                         4. Community Involvement
   Melalui program pemberdayaan masyarakat dan                       Through       community       empowerment programs
   tanggung jawab sosial perusahaan, Perseroan aktif                 and corporate social responsibility, the Company
   berkontribusi    pada  peningkatan kesejahteraan                  actively contributes to improving the welfare of
   komunitas di sekitar wilayah operasionalnya.                      communities in the areas where it operates. This
   Pendekatan ini mencakup pendidikan, kesehatan,                    approach encompasses education, health, and
   dan pelatihan keterampilan yang relevan dengan                    skills training relevant to local needs.
   kebutuhan lokal.

Visi dan Misi Keberlanjutan [OJK C.1]                             Sustainability Vision and Mission [OJK C.1]

Memasuki tahun 2025, Perseroan semakin menegaskan                 Entering 2025, the Company further solidifies its position
posisinya sebagai perusahaan pelayaran nasional yang              as a national shipping company oriented towards
berorientasi pada prinsip sustainable growth. Dalam               the principles of sustainable growth. In facing global
menghadapi tantangan global seperti transisi energi,              challenges such as energy transition, climate change, and
perubahan iklim, dan tuntutan tata kelola yang lebih              demands for more transparent governance, the Company
transparan, Perseroan menyadari pentingnya memiliki arah          recognizes the importance of having a clear strategic
strategis yang jelas melalui visi dan misi keberlanjutan.         direction through its sustainability vision and mission.
Visi keberlanjutan ini tidak hanya menjadi panduan dalam          This sustainability vision not only guides the Company's
menjalankan kegiatan operasional, tetapi juga menjadi             operational activities, but also serves as the foundation
landasan bagi Perseroan untuk menciptakan nilai jangka            for creating long-term value that balances economic,
panjang yang seimbang antara aspek ekonomi, lingkungan,           environmental, and social aspects.				
dan sosial.                                                       				

Sebagai wujud komitmen tersebut, Perseroan merumuskan             As a manifestation of this commitment, the Company has
visi dan misi keberlanjutan yang selaras dengan strategi          formulated a sustainability vision and mission that are
bisnis serta Tujuan Pembangunan Berkelanjutan (SDGs).             aligned with its business strategy and the Sustainable
Visi keberlanjutan berfungsi sebagai gambaran masa                Development Goals (SDGs). The sustainability vision serves
depan yang ingin dicapai Perseroan, yakni menjadi pelaku          as a picture of the future that the Company wants to achieve,
usaha maritim yang bertanggung jawab dan berdaya                  namely to become a responsible and globally competitive
saing global melalui penerapan prinsip pembangunan                maritime business through the application of sustainable
berkelanjutan. Sementara itu, misi keberlanjutan menjadi          development principles. Meanwhile, the sustainability
arah operasional yang menegaskan langkah-langkah                  mission serves as an operational direction that outlines
konkret dalam menjaga efisiensi energi, melindungi                concrete steps to maintain energy efficiency, protect the
lingkungan laut, serta berkontribusi terhadap peningkatan         marine environment, and contribute to improving the welfare
kesejahteraan masyarakat pesisir. Dengan demikian,                of coastal communities. Thus, the Company places its
Perseroan menempatkan visi dan misi keberlanjutan                 sustainability vision and mission as a strategic compass to
sebagai kompas strategis untuk memastikan setiap                  ensure that every resolution and policy taken has a positive
keputusan dan kebijakan yang diambil membawa dampak               impact on the future of Indonesia's shipping industry.
positif bagi masa depan industri pelayaran Indonesia.



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Ikhtisar Kinerja               Laporan Manajemen             Profil Perusahaan              Analisis dan Pembahasan Manajemen
Highlights Performance         Management Report             Company Profile                Management Discussion and Analysis




Untuk mewujudkan komitmen tersebut, Perseroan               To     realize     this    commitment, the Company
menjabarkan misi perusahaan ke dalam prinsip-prinsip        outlines its corporate mission into the following
keberlanjutan sebagai berikut:                              sustainability principles:

1. Memberikan pelayanan terbaik, aman, tepat waktu, dan     1. Providing the best, safe, timely, and efficient service
   efisien bagi pelanggan. Perseroan memahami bahwa            to customers. The Company understands that the
   pelayanan terbaik tidak hanya mencakup kepuasan             best service not only includes customer satisfaction
   pelanggan tetapi juga mencerminkan efisiensi                but also reflects operational efficiency that supports
   operasional yang mendukung pengurangan dampak               the reduction of environmental impact. By prioritizing
   lingkungan. Dengan memprioritaskan keselamatan dan          safety and timeliness, the Company ensures reliable
   ketepatan waktu, Perseroan memastikan operasional           and environmentally friendly operations, including the
   yang andal dan ramah lingkungan, termasuk                   application of technology to reduce carbon emissions
   penerapan teknologi untuk mengurangi emisi karbon           and maximize energy efficiency.		
   dan memaksimalkan efisiensi energi.

2. Mematuhi peraturan perundangan yang berlaku di setiap    2. Comply with applicable laws and regulations in all
   kegiatan operasional dengan tata kelola perusahaan          operational activities with good corporate governance
   dan keselamatan yang baik. Kepatuhan terhadap               and safety. Compliance with laws and regulations is
   peraturan perundangan adalah wujud tanggung                 a manifestation of the Company's responsibility in
   jawab Perseroan dalam mendukung pembangunan                 supporting sustainable development. By integrating
   berkelanjutan. Dengan mengintegrasikan prinsip              the principles of Good Corporate Governance (GCG)
   Tata Kelola Perusahaan yang Baik (GCG) dan standar          and international safety standards, the Company
   keselamatan internasional, Perseroan menciptakan            creates transparent and accountable operations
   operasional yang transparan, akuntabel, dan                 and minimizes environmental risks.		
   meminimalkan risiko lingkungan.

3. Mengikuti dinamika usaha logistik dan pelayaran, serta   3. Keeping up with the dynamics of the logistics and
   mengembangkan sumber daya mutakhir dan kompetitif.          shipping business, as well as developing cutting-edge
   Dalam menghadapi perubahan dan tantangan industri           and competitive resources. In facing changes and
   logistik serta pelayaran, Perseroan berfokus pada           challenges in the logistics and shipping industry, the
   pengembangan sumber daya manusia dan teknologi              Company focuses on developing human resources and
   yang mendukung keberlanjutan. Investasi pada                technology that support sustainability. Investing in an
   armada ramah lingkungan, digitalisasi operasional,          environmentally friendly fleet, operational digitalization,
   dan pelatihan berkelanjutan bagi karyawan menjadi           and continuous training for employees are key to
   kunci untuk menjaga daya saing sekaligus mendukung          maintaining competitiveness while supporting the
   capaian SDGs.                                               achievement of SDGs.

4. Memberikan komitmen kepada prinsip usaha                 4. Committing to the principles of sustainable business
   berkelanjutan dan bertanggung jawab terhadap alam           and being responsible for nature and the surrounding
   dan lingkungan sekitar. Misi ini merupakan landasan         environment. This mission is the foundation of all
   dari seluruh strategi keberlanjutan Perseroan.              of the Company's sustainability strategies. We are
   Kami berkomitmen untuk melestarikan lingkungan              committed to preserving the environment through
   melalui pengelolaan limbah, efisiensi energi, dan           waste management, energy efficiency, and protection
   perlindungan ekosistem perairan. Selain itu, Perseroan      of aquatic ecosystems. In addition, the Company is
   aktif dalam inisiatif pemberdayaan masyarakat lokal         active in local community empowerment initiatives to
   untuk menciptakan dampak sosial yang positif dan            create a positive social impact and support the welfare
   mendukung kesejahteraan komunitas sekitar.                  of surrounding communities.




Tata Kelola Keberlanjutan
Sustainability Governance


Dalam menghadapi dinamika industri pelayaran yang           In facing the increasingly complex dynamics of the shipping
semakin kompleks, Kami menempatkan tata kelola              industry, we place sustainability governance as the main
keberlanjutan sebagai pondasi utama dalam membangun         foundation in building a company's performance that is
kinerja perusahaan yang berintegritas, transparan, dan      integrity, transparent, and responsible. The year 2025 is
bertanggung jawab. Tahun 2025 menjadi momentum              an important moment for the Company to strengthen the
penting bagi Perseroan untuk memperkuat penerapan           implementation of Good Corporate Governance (GCG)
prinsip Good Corporate Governance (GCG) yang selaras        principles that are in line with sustainability values. Through

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Tata Kelola Perusahaan                      Laporan Keberlanjutan
Good Corporate Governance                   Sustainability Report




dengan nilai-nilai keberlanjutan. Melalui tata kelola yang          good governance, the Company strives to ensure that
baik, Perseroan berupaya memastikan bahwa setiap proses             every business process, from strategic decision-making
bisnis, mulai dari pengambilan keputusan strategis hingga           to daily operations, is carried out ethically, complies with
operasional harian yang dijalankan secara etis, patuh               regulations, and is oriented towards a balance between
terhadap regulasi, dan berorientasi pada keseimbangan               economic, social, and environmental performance.
antara kinerja ekonomi, sosial, dan lingkungan.

Penerapan tata kelola keberlanjutan di Perseroan juga               The implementation of sustainable governance at
mencerminkan komitmen Perseroan dalam membangun                     the Company also reflects the Company's commitment
sistem manajemen yang adaptif, akuntabel, dan                       to building an adaptive, accountable, and sustainable
berkelanjutan. Perseroan mengembangkan struktur                     management system. The Company has developed
pengawasan dan kebijakan yang mampu mengintegrasikan                a supervisory structure and policies that are capable
aspek keberlanjutan ke dalam strategi bisnis, termasuk              of integrating sustainability aspects into its business
melalui pembentukan fungsi khusus dan pelibatan                     strategy, including through the establishment of special
pemangku kepentingan secara aktif. Dengan pendekatan                functions and the active involvement of stakeholders. With
ini, Perseroan tidak hanya memperkuat kepercayaan                   this approach, the Company not only strengthens public
publik dan investor, tetapi juga menegaskan perannya                and investor confidence, but also affirms its role as a
sebagai perusahaan pelayaran nasional yang menjunjung               national shipping company that upholds business ethics
tinggi etika bisnis dan tanggung jawab korporasi dalam              and corporate responsibility in supporting sustainable
mendukung pembangunan maritim yang berkelanjutan.                   maritime development.

Penanggung Jawab Implementasi                                       Person Responsible for Sustainability
Keberlanjutan[OJK E.1]                                              Implementation [OJK E.1]

Penerapan keberlanjutan di Perseroan berada di bawah                The implementation of sustainability in the Company is
tanggung jawab Direksi yang berperan sebagai pengambil              under the responsibility of the Board of Directors, which
keputusan strategis dalam memastikan integrasi aspek                acts as the strategic decision maker in ensuring the
ekonomi, sosial, dan lingkungan ke dalam seluruh                    integration of economic, social, and environmental aspects
aktivitas bisnis Perseroan. Direksi dibantu oleh unit               into all of the Company's business activities. The Board
kerja terkait, termasuk tim pengelola keberlanjutan dan             of Directors is assisted by relevant work units, including
fungsi pengawasan internal, yang bertugas merumuskan                the sustainability management team and internal control
kebijakan, memantau pelaksanaan program, serta                      function, which are tasked with formulating policies,
mengevaluasi capaian kinerja keberlanjutan secara                   monitoring program implementation, and evaluating
berkala. Struktur tanggung jawab ini memastikan bahwa               sustainability performance achievements on a regular
implementasi prinsip keberlanjutan berjalan secara                  basis. This structure of responsibility ensures that the
terarah, terukur, dan konsisten dengan strategi korporasi           implementation of sustainability principles is targeted,
serta sesuai dengan ketentuan tata kelola perusahaan                measurable, and consistent with corporate strategy and
yang baik.                                                          in accordance with good corporate governance principles.

Pengembangan Kompetensi terkait Operasional                         Competency Development related to Sustainable
Bisnis Berkelanjutan [OJK E.2]                                      Business Operations [OJK E.2]

Dalam      upaya   memperkuat      implementasi     prinsip         In an effort to strengthen the implementation of sustainability
keberlanjutan di seluruh lini operasional, Perseroan                principles across all operational lines, the Company places
menempatkan pengembangan kompetensi sebagai                         competency development as a strategic step to build
langkah strategis untuk membangun kapasitas sumber                  the capacity of human resources with a sustainability
daya manusia yang berwawasan keberlanjutan. Perseroan               perspective. The Company believes that success in
meyakini bahwa keberhasilan dalam mencapai target                   achieving sustainability targets is highly dependent on the
keberlanjutan sangat bergantung pada pemahaman,                     understanding, ability, and commitment of each employee
kemampuan, dan komitmen setiap karyawan dalam                       in implementing business practices that are responsible
menerapkan praktik bisnis yang bertanggung jawab                    for the environment and society. Therefore, the Company
terhadap lingkungan dan sosial. Oleh karena itu, Perseroan          continuously develops training programs, socialization,
secara berkelanjutan mengembangkan program pelatihan,               and internal awareness to enable each individual to
sosialisasi, serta peningkatan kesadaran internal agar              play an active role in supporting the achievement of
setiap individu mampu berperan aktif dalam mendukung                the Company's sustainability goals. The implementation of
tercapainya tujuan keberlanjutan Perseroan. Pelaksanaan             these programs is supported by the use of learning systems
program tersebut turut didukung oleh pemanfaatan                    and technologies that allow employees to access training
sistem dan teknologi pembelajaran yang memungkinkan                 materials independently, flexibly, and continuously.
karyawan mengakses materi pelatihan secara mandiri,
fleksibel, dan berkelanjutan.




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Highlights Performance          Management Report              Company Profile               Management Discussion and Analysis




Sebagai bagian dari upaya memperkuat penerapan                As part of its efforts to strengthen the implementation of
prinsip Environmental, Social, and Governance (ESG),          Environmental, Social, and Governance (ESG) principles,
Perseroan secara berkelanjutan mendorong peningkatan          the Company continuously encourages the improvement of
kompetensi karyawan di bidang ESG. Salah satunya              employee competencies in the field of ESG. One of the ways
melalui keikutsertaan Corporate Secretary dalam pelatihan     this is done is through the participation of the Corporate
“A Risk-Based Approach to ESG: Building Resilient             Secretary in the training program “A Risk-Based Approach
Responsible Businesses”.                                      to ESG: Building Resilient Responsible Businesses.”

Pelatihan ini menjadi langkah strategis untuk memperdalam     This training is a strategic step to deepen understanding
pemahaman mengenai pendekatan berbasis risiko dalam           of the risk-based approach in ESG implementation, while
penerapan ESG, sekaligus mendukung terciptanya tata           supporting the creation of more resilient, responsible,
kelola perusahaan yang lebih tangguh, bertanggung             and sustainable corporate governance.
jawab, dan berkelanjutan.

Penilaian Risiko atas Implementasi Keberlanjutan              Sustainability Implementation Risk Assessment
[OJK E.3]                                                     [OJK E.3]



Dalam rangka memastikan keberlangsungan operasional           In order to ensure responsible and adaptive operational
yang bertanggung jawab dan adaptif terhadap tantangan         sustainability in the face of global challenges, the Company
global,   Perseroan     menempatkan     penilaian  risiko     places sustainability risk assessment as an integral part of
keberlanjutan sebagai bagian integral dari kerangka           its risk management framework. This process is carried out
manajemen risikonya. Proses ini dilakukan untuk               to identify, analyze, and anticipate various potential risks
mengidentifikasi, menganalisis, dan mengantisipasi            that may impact the Company's economic, environmental,
berbagai potensi risiko yang dapat berdampak pada aspek       and social aspects, both in the short and long term. Through
ekonomi, lingkungan, dan sosial Perusahaan, baik dalam        a systematic and data-driven approach, the Company
jangka pendek maupun jangka panjang. Melalui pendekatan       strives to maintain operational stability while strengthening
yang sistematis dan berbasis data, Perseroan berupaya         business resilience to external dynamics such as climate
menjaga stabilitas operasional sekaligus memperkuat           change, environmental regulations, and stakeholder
ketahanan bisnis terhadap dinamika eksternal seperti          expectations regarding sustainability practices.
perubahan iklim, regulasi lingkungan, dan ekspektasi
pemangku kepentingan terhadap praktik keberlanjutan.

Risiko Ekonomi                                                Economic Risk
Batu bara masih menjadi kargo utama sehingga                  Coal remains the main cargo, so the decline/increase
penurunan/kenaikan harga batu bara tahun 2025 serta           in coal prices in 2025 and the global trend towards
tren global menuju pengurangan penggunaan batu bara           reducing coal use will also affect revenue. Although coal
turut memengaruhi pendapatan. Meskipun batu bara              is projected to remain dominant in the next 7-10 years, this
diproyeksikan tetap dominan dalam 7–10 tahun ke depan,        dependence presents a revenue risk. To reduce exposure
ketergantungan ini menghadirkan risiko pendapatan.            to this risk, the Company is seeking to diversify its cargo
Untuk mengurangi eksposur risiko ini, Perseroan berupaya      and vessel commodities, including by transporting high-
melakukan diversifikasi komoditas kargo dan kapal, antara     value commodities such as Crude Palm Oil (CPO). The
lain dengan mengangkut komoditas bernilai tinggi seperti      Company is also considering the purchase of new types
Crude Palm Oil (CPO). Perseroan juga mengkaji pembelian       of vessels that support diversification and operational
jenis kapal baru yang mendukung diversifikasi dan efisiensi   efficiency. In addition, the Company is developing
operasional. Selain itu, Perseroan mengembangkan              business diversification through the construction of
diversifikasi usaha melalui pembangunan armada lain           another fleet in the form of a Floating Loading Facility,
berupa Floating Loading Facility yang dilaksanakan oleh       which is being carried out by a subsidiary entity in
entitas cucu usaha dengan bersinergi bersama perusahaan       collaboration with other companies, as part of a long-term
lain, sebagai bagian dari strategi investasi jangka panjang   investment strategy oriented towards sustainability and
yang berorientasi pada keberlanjutan dan penguatan            strengthening the Company's revenue sources.
sumber pendapatan Perseroan.

Risiko Lingkungan                                             Environmental Risks
Operasional pelayaran menghadirkan risiko terhadap            Shipping operations pose risks to the environment,
lingkungan, termasuk emisi karbon, pencemaran                 including carbon emissions, water pollution, and ecosystem
perairan, dan dampak ekosistem. Perubahan iklim, seperti      impacts. Climate change, such as extreme weather and
cuaca ekstrem dan kenaikan permukaan air laut, juga           sea level rise, also adds to the challenges of shipping
menambah tantangan terhadap keamanan dan efisiensi            safety and efficiency. In addition, dependence on fossil
pelayaran. Selain itu, ketergantungan pada bahan bakar        fuels creates risks of fuel price fluctuations and pressure
fosil menciptakan risiko terhadap fluktuasi harga bahan       to reduce emissions. To mitigate environmental risks,
bakar dan tekanan untuk mengurangi emisi. Sebagai             the Company improves energy efficiency by optimizing
mitigasi risiko lingkungan, Perseroan melakukan efisiensi     ship routes and voyage durations. We also use B40 fuel,

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Good Corporate Governance                        Sustainability Report




energi melalui optimalisasi ritase kapal dan jangka waktu                TBT-free paint, and comply with ISO standards related to
per pelayaran. Kami juga menggunakan bahan bakar                         marine pollution prevention. In addition, several ships in
B40, cat TBT-free, dan mematuhi standar ISO terkait                      our fleet are equipped with solar panels as our first step
pencegahan polusi laut. Selain itu, beberapa armada kapal                toward using zero-emission renewable energy.
sudah dilengkapi panel surya sebagai langkah awal kami
menggunakan energi terbarukan yang nol emisi.

Risiko Sosial                                                            Social Risk
Risiko sosial dapat muncul dari ketidaktaatan terhadap                   Social risks can arise from non-compliance with safety
standar keselamatan atau relasi dengan warga setempat                    standards or poorly managed relations with local
tidak terkelola dengan baik, oleh karena itu, Perseroan                  communities. Therefore, the Company always prioritizes
selalu mengutamakan keselamatan dan kesehatan                            the safety and health of its employees and the surrounding
karyawan serta masyarakat sekitar. Perseroan berusaha                    community. The Company strives to minimize social risks
untuk meminimalisir risiko sosial dengan mengutamakan                    by prioritizing the safety and health of its employees
keamanan dan kesehatan karyawan serta masyarakat                         and the surrounding community, without compromising
sekitar, tanpa mengesampingkan kinerja yang efisien.                     efficient performance.

Sebagai bentuk atensi akan risiko sosial, Perseroan                      As a form of attention to social risks, the Company regularly
secara berkala menyelenggarakan pelatihan keselamatan                    conducts safety training for all crew members and strictly
bagi seluruh awak kapal dan secara ketat menerapkan                      implements operating procedures in accordance with
prosedur operasi yang sesuai dengan standar yang                         applicable standards. The Company is also active in
berlaku. Perseroan juga aktif dalam melaksanakan program                 implementing community empowerment programs that
pemberdayaan masyarakat yang mencakup pendidikan,                        include education, health, and skills training according to
kesehatan, dan pelatihan keterampilan sesuai kebutuhan                   local needs, which are expected to improve the welfare of
lokal, yang diharapkan dapat meningkatkan kesejahteraan                  the communities surrounding the operational area.
masyarakat sekitar wilayah operasional.

Pelibatan Pemangku Kepentingan [OJK E.4]                                 Stakeholder Engagement [OJK E.4]

Pelibatan pemangku kepentingan menjadi fondasi utama                     Stakeholder engagement is a key foundation of
dalam tata kelola keberlanjutan. Tujuannya adalah untuk                  sustainability governance. The objective is to identify
mengidentifikasi dampak operasional, baik yang aktual                    actual and potential operational impacts and design
maupun potensial, serta merancang langkah-langkah                        mitigation measures to minimize negative impacts. Through
mitigasi guna meminimalisir dampak negatif. Melalui                      this approach, the Company not only supports business
pendekatan tersebut, Perseroan tidak hanya mendukung                     continuity, but also prioritizes social responsibility,
kelangsungan usaha, tetapi juga memprioritaskan tanggung                 concern for environmental issues, and effective
jawab sosial, kepedulian terhadap isu-isu lingkungan, serta              communication with various strategic partners.
memprioritaskan komunikasi yang efektif dengan berbagai
mitra strategis.

Perseroan telah mengidentifikasi pemangku kepentingan                    The Company has identified stakeholders based on
berdasarkan tingkat kepentingan dan pengaruh mereka                      their level of interest and influence on operational
terhadap kegiatan operasional, sebagaimana dijelaskan                    activities, as explained in the following table.
pada tabel berikut.

       Pemangku Kepentingan   Isu Utama dan Kepentingan                  Metode Pelibatan                    Frekuensi Pelibatan
  No
       Stakeholder            Key Issues and Interests                   Engagement Method                   Frequency of Engagement

   1   Pelanggan              • Kualitas dan keamanan armada kapal;      • Media Sosial                      • Setiap saat
       Customers                Fleet quality and safety;                  Social                              At anytime
                              • Pengaduan pelanggan atas produk dan      • Layanan konsumen                  • Sesuai kebutuhan
                                layanan; dan                               Customer service                    As needed
                                Customer complaints about products       • Survei kepuasan konsumen          • 1 (satu) kali setahun
                                and services; and                          Customer satisfaction surveys       Once a year
                              • Informasi produk yang transparan.        • Komunikasi langsung               • Sesuai kebutuhan
                                Transparent product information.           Direct communication                As needed

  2    Karyawan               • Program pengembangan kompetensi          • Pertemuan internal                • Sesuai kebutuhan
       Employees                dan karier karyawan;                       Internal meetings                   As needed
                                Employee competency and career           • Pelatihan                         • Sesuai kebutuhan
                                development program;                       Training                            As needed
                              • Evaluasi kinerja karyawan;               • Knowledge Sharing                 • Sesuai kebutuhan
                                Employee performance evaluation;           Knowledge sharing                   As needed
                              • Remunerasi karyawan;                     • Media komunikasi internal         • Sesuai kebutuhan
                                Employee remuneration;                     Internal communication media        As needed
                              • Sarana dan fasilitas Keselamatan dan     • Employee Gathering                • 1 kali setahun
                                Kesehatan Kerja (K3);                      Employee gatherings                 Once a year
                                Occupational Safety and Health (OSH)
                                facilities and equipment;




Laporan Tahunan Annual Report 2025                                                                                                     185
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Ikhtisar Kinerja                      Laporan Manajemen                        Profil Perusahaan                     Analisis dan Pembahasan Manajemen
Highlights Performance                Management Report                        Company Profile                       Management Discussion and Analysis




        Pemangku Kepentingan     Isu Utama dan Kepentingan                     Metode Pelibatan                             Frekuensi Pelibatan
 No
        Stakeholder              Key Issues and Interests                      Engagement Method                            Frequency of Engagement

                                 • Hubungan industrial yang harmonis;
                                   dan
                                   Harmonious industrial relations; and
                                 • Sosialisasi kebijakan, peraturan dan
                                   hal-hal lain yang diperlukan dalam
                                   rangka mendukung kegiatan bisnis.
                                   Communication of policies, regulations,
                                   and other necessary matters to support
                                   business activities.

  3     Pemasok dan Rekan        • Kinerja Perseroan;                          • Komunikasi langsung melalui situs web,     • Setiap saat
        Bisnis                     Company Performance;                          media sosial, e-mail, materi tertulis        At any time
        Suppliers and Business   • Ketepatan pembayaran;                         seperti proposal, lembar umpan balik.      • Sesuai kebutuhan
        Partners                   Payment accuracy;                             Direct communication through                 As needed
                                 • Mekanisme pengadaan barang dan jasa           websites, social media, e-mail, written    • Sesuai kebutuhan
                                   secara fair;                                  materials such as proposals, feedback        As needed
                                   Fair procurement mechanisms for               sheets.
                                   goods and services;                         • Kontrak dan perjanjian kerja.
                                 • Transparansi proses seleksi pengadaan         Contracts and cooperation agreements.
                                   barang dan jasa; dan                        • Sosialisasi kebijakan internal terkait
                                   Transparency in the procurement               pengadaan barang dan jasa.
                                   selection process; and                        Internal policy dissemination related to
                                 • Termin pembayaran yang tepat waktu            goods and services procurement.
                                   sesuai perjanjian kerja sama.
                                   Timely payment terms in accordance
                                   with the cooperation agreement.

  4     Regulator                • Kepatuhan Perseroan terhadap                • Pemenuhan atas kewajiban regulasi          • Sesuai kebutuhan
                                   peraturan dan hukum yang berlaku.             untuk industri ritel dan pasar modal.        As needed
                                   The Company’s compliance to                   Compliance with regulatory                 • Sesuai periode pelaporan
                                   applicable regulations and laws.              obligations for the retail and capital       yang telah ditentukan
                                                                                 markets industries.                          According to the
                                                                               • Penyampaian laporan-laporan publikasi        reporting period that has
                                                                                 berkala maupun insidental sesuai             been determined
                                                                                 dengan peraturan yang berlaku.
                                                                                 Submission of periodic and incidental
                                                                                 publication reports in accordance with
                                                                                 applicable regulations.

  5     Pemegang Saham dan       • Pencapaian kinerja dan realisasi target     • RUPS                                       • 1 kali setahun
        Investor                   operasional bisnis;                           Annual GMS                                   Once a year
        Shareholders and           Business performance achievements           • RUPSLB                                     • Sesuai kebutuhan
        Investors                  and operational target realization;           Extraordinary GMS                            As needed
                                 • Perubahan kepengurusan manajemen;           • Paparan Publik                             • Paling sedikit 1 kali
                                   Changes in management;                        Public Disclosure                            setahun
                                 • Pembayaran dividen;                         • Laporan Tahunan dan Laporan                  At least once a year
                                   Dividend payments;                            Keberlanjutan                              • 1 kali setahun
                                 • Informasi yang akurat dan terkini terkait     Annual Report and Sustainability Report      Once a year
                                   aksi korporasi dan arahan strategis;
                                   Accurate and up-to-date information
                                   regarding corporate actions and
                                   strategic directions;
                                 • Rencana dan reputasi Perseroan; dan
                                   The Company's plans and reputation;
                                   and
                                 • Informasi material baik dari segi bisnis,
                                   tata kelola, dan dampak Perseroan
                                   terhadap lingkungan, masyarakat, dan
                                   ekonomi selama tahun buku pelaporan.
                                   Material information in terms of
                                   business, governance, and the
                                   Company's impact on the environment,
                                   society, and economy during the
                                   reporting financial year.

  6     Media Massa              • Keterbukaan informasi dan kinerja           • Siaran pers                                • Sesuai kebutuhan
        Mass Media                 Perseroan;                                    Press releases                               As needed
                                   Transparency of information and             • Konferensi pers                            • Sesuai kebutuhan
                                   performance of the Company;                   Press conferences                            As needed
                                 • Memperoleh data dan informasi yang          • Wawancara                                  • Sesuai kebutuhan
                                   akurat mengenai Perseroan; dan                Interview                                    As needed
                                   Obtaining accurate data and                 • Media komunikasi eksternal                 • Sesuai kebutuhan
                                   information about the Company; and            External communication media                 As needed
                                 • Menjalankan fungsi check and
                                   balances atas pengelolaan
                                   bisnis Perseroan.
                                   Exercising check and balances on
                                   the management of the Company's
                                   business.

  7     Masyarakat dan           • Pemberian bantuan kepada masyarakat         • Kegiatan CSR                               • Sesuai kebutuhan
        komunitas sekitar          sekitar melalui program CSR;                  CSR activities                               As needed
        Local Communities and      Providing assistance to the surrounding     • Situs resmi dan media sosial               • Sesuai kebutuhan
        Neighborhoods              community through CSR programs;               Official website and social media            As needed
                                 • Pembukaan lapangan pekerjaan bagi
                                   komunitas setempat.
                                   Creation of job opportunities for
                                   the local community.


186                                                                                                            PT Hasnur Internasional Shipping Tbk
Page 189
Tata Kelola Perusahaan                      Laporan Keberlanjutan
Good Corporate Governance                   Sustainability Report




Permasalahan atas Implementasi Operasional                          Issues in the Implementation of Sustainable
Bisnis Berkelanjutan [OJK E.5]                                      Business Operations [OJK E.5]

Dalam proses penerapan prinsip bisnis berkelanjutan,                In the process of implementing sustainable business
Perseroan menyadari bahwa transisi menuju operasional               principles, the Company realizes that the transition to more
yang lebih bertanggung jawab secara sosial dan lingkungan           socially and environmentally responsible operations is not
tidak lepas dari berbagai tantangan dan permasalahan                without complex challenges and issues. As a company
yang kompleks. Sebagai perusahaan yang bergerak di                  engaged in the shipping and logistics sector, HIS operates
sektor pelayaran dan logistik, Perseroan beroperasi dalam           in a highly dynamic business environment and is influenced
lingkungan bisnis yang sangat dinamis dan dipengaruhi               by external factors such as market fluctuations, government
oleh faktor eksternal seperti fluktuasi pasar, kebijakan            policies, and global geopolitical conditions. This dynamic
pemerintah, serta kondisi geopolitik global. Dinamika ini           environment requires the Company to be adaptable
menuntut Perusahaan untuk mampu beradaptasi tanpa                   without compromising its commitment to sustainability,
mengabaikan komitmennya terhadap keberlanjutan, baik                whether in terms of energy efficiency, shipping safety,
dari sisi efisiensi energi, keselamatan pelayaran, maupun           or the sustainability of natural resources, which are
keberlanjutan sumber daya alam yang menjadi penopang                the main pillars of its business activities.		
utama kegiatan usaha.

Selain faktor eksternal, Perseroan juga menghadapi                  In addition to external factors, the Company also faces
permasalahan internal yang berkaitan dengan integrasi               internal issues related to integrating sustainability
prinsip keberlanjutan ke dalam budaya organisasi dan                principles into its organizational culture and corporate
tata kelola perusahaan. Upaya untuk menyelaraskan                   governance. Efforts to align business objectives with
tujuan bisnis dengan nilai-nilai keberlanjutan memerlukan           sustainability values require a paradigm shift at all levels
perubahan paradigma di seluruh level organisasi, mulai              of the organization, from top management to operational
dari manajemen puncak hingga karyawan operasional.                  employees. Challenges arise when understanding and
Tantangan muncul ketika pemahaman dan kesadaran                     awareness of the importance of sustainability are not
terhadap pentingnya keberlanjutan belum merata,                     yet widespread, so that some of the initiatives designed
sehingga beberapa inisiatif yang dirancang belum                    are not yet fully effective. The Company continues
sepenuhnya berjalan efektif. Perseroan terus mendorong              to encourage the improvement of human resource
peningkatan kapasitas sumber daya manusia melalui                   capacity through training and ongoing communication
pelatihan dan komunikasi berkelanjutan agar setiap                  so that each individual has the same understanding of
individu memiliki pemahaman yang sama terhadap arah                 the Company's strategic direction for sustainability.
strategis keberlanjutan Perusahaan.

Dari sisi teknis, permasalahan lain yang dihadapi Perseroan         From a technical perspective, another issue faced by
terkait dengan kebutuhan investasi dalam teknologi ramah            the Company relates to the need for investment in
lingkungan, efisiensi energi, dan sistem pengelolaan                environmentally friendly technology, energy efficiency, and
limbah yang berstandar tinggi. Proses pengadaan armada              high-standard waste management systems. The process of
baru serta pemeliharaan kapal agar sesuai dengan                    procuring a new fleet and maintaining ships in accordance
ketentuan internasional seperti MARPOL (Marine Pollution            with international regulations such as MARPOL (Marine
Convention) membutuhkan pembiayaan yang besar dan                   Pollution Convention) requires significant funding and a
waktu implementasi yang tidak singkat. Selain itu, adaptasi         lengthy implementation period. In addition, adapting to new
terhadap regulasi baru di bidang lingkungan dan pelayaran           regulations in the environmental and shipping sectors often
sering kali menghadirkan tantangan administratif yang               presents administrative challenges that affect the speed at
mempengaruhi kecepatan Perusahaan dalam menyesuaikan                which the company can adjust its operational standards.
standar operasionalnya.

Permasalahan lain yang turut menjadi perhatian adalah               Another issue of concern is the need to strengthen the
perlunya penguatandalam sistem pelaporan dan pengukuran             sustainability performance reporting and measurement
kinerja keberlanjutan. Seiring dengan pengembangan                  system. In line with the ongoing development of sustainability
inisiatif keberlanjutan yang terus berjalan, Perseroan              initiatives, the Company is gradually strengthening
secara bertahap memperkuat mekanisme monitoring dan                 its monitoring and evaluation mechanisms so that the
evaluasi agar capaian program keberlanjutan dapat diukur            achievements of its sustainability programs can be measured
secara lebih akurat dan transparan. Keterlibatan pemangku           more accurately and transparently. The involvement of
kepentingan eksternal, seperti mitra usaha, masyarakat              external stakeholders, such as business partners, local
sekitar, dan instansi pemerintah, terus didorong untuk              communities, and government agencies, continues to be
ditingkatkan untuk menciptakan sinergi dalam pelaksanaan            encouraged in order to create synergy in the implementation
program yang berdampak luas. Dengan memahami                        of programs that have a broad impact. Understanding
tantangan-tantangan tersebut, Perseroan berkomitmen                 these challenges, the Company is committed to continuing
untuk terus melakukan evaluasi dan perbaikan sistematis             to conduct systematic evaluations and improvements to
guna memastikan implementasi bisnis berkelanjutan                   ensure that the implementation of sustainable business runs
berjalan efektif serta mendukung arah pembangunan                   effectively and supports the direction of national maritime
maritim nasional yang berwawasan lingkungan dan inklusif.           development that is environmentally friendly and inclusive.

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Ikhtisar Kinerja                 Laporan Manajemen            Profil Perusahaan             Analisis dan Pembahasan Manajemen
Highlights Performance           Management Report            Company Profile               Management Discussion and Analysis




Kinerja Keberlanjutan
Sustainability Performance


Sebagai bentuk komitmen terhadap penerapan prinsip            As a form of commitment to the application of sustainable
pembangunan berkelanjutan, Perseroan terus berupaya           development principles, the Company continues to strive
meningkatkan kinerja keberlanjutan yang mencakup aspek        to improve its sustainability performance, which covers
ekonomi, sosial, dan lingkungan. Melalui berbagai inisiatif   economic, social, and environmental aspects. Through
strategis, perusahaan berfokus pada peningkatan efisiensi     various strategic initiatives, the company focuses on
operasional, pengelolaan sumber daya yang bertanggung         improving operational efficiency, responsible resource
jawab, serta pemberdayaan masyarakat di sekitar               management, and empowering communities in the vicinity
wilayah operasional. Kinerja keberlanjutan ini tidak hanya    of its operational areas. This sustainability performance
mencerminkan kesuksesan Perseroan dalam menjaga               not only reflects The Company's success in maintaining
keseimbangan antara profitabilitas dan tanggung jawab         a balance between profitability and social responsibility,
sosial, tetapi juga menjadi indikator nyata atas kontribusi   but also serves as a tangible indicator of the company's
perusahaan dalam mendukung pencapaian Tujuan                  contribution to supporting the achievement of the
Pembangunan Berkelanjutan (SDGs) dan penguatan tata           Sustainable Development Goals (SDGs) and strengthening
kelola korporasi yang beretika dan transparan.                ethical and transparent corporate governance.

Kinerja Ekonomi                                               Economic Performance

Sebagai bagian dari strategi keberlanjutan, Perseroan fokus   As part of its sustainability strategy, the Company focuses
melakukan inovasi untuk mencapai efisiensi operasional        on innovation to achieve operational and cost efficiency,
dan biaya, di antaranya dengan optimalisasi ritase kapal      including through the optimization of ship routes and the
dan penggunaan teknologi ramah lingkungan. Untuk              use of environmentally friendly technology. To encourage
mendorong pertumbuhan yang kokoh, perusahaan juga             solid growth, the company is also diversifying by exploring
melakukan diversifikasi dengan mengkaji komoditas baru        new high-value commodities other than coal. The Company
bernilai tinggi selain batu bara. Perseroan juga memelihara   also maintains strong partnerships with business partners
hubungan kemitraan yang kuat dengan mitra usaha dan           and customers to ensure the continuity of contractual
pelanggan guna menjamin keberlangsungan kerja sama            cooperation that supports revenue stability.
kontrak yang mendukung stabilitas pendapatan.

Kinerja Operasional dan Keuangan [OJK F.2]
Operational and Financial Performance


                                                                      2025               2024                  2023
 Keterangan                                  Satuan
                                                                    Capaian            Capaian               Capaian
 Description                                 Unit
                                                                  Achievements       Achievements          Achievements

 Kinerja Operasional
 Operational Performance

                                             Ton                   10.573.295           12.091.739             11.168.657
 Segmen Pelayaran
 Shipping Segment                            Rp juta
                                                                       851.847            984.245                922.057
                                             Rp million

                                             Ton                    11.918.954         15.062.325             14.005.294
 Segmen Bongkar Muat
 Loading and Unloading Segment               Rp juta
                                                                        37.579             37.039                 26.999
                                             Rp million

 Kinerja Keuangan
 Financial Performance

 Penjualan Neto                              Rp juta
                                                                      880.578             1.018.112              941.908
 Net Revenue                                 Rp million

 Laba Sebelum pajak                          Rp juta
                                                                       101.559            136.449                170.086
 Income Before Tax                           Rp million

 Laba Tahun Berjalan                         Rp juta
                                                                        87.124            121.287                 157.513
 Income for the Year                         Rp million

 Jumlah Aset                                 Rp juta
                                                                    1.534.439            1.199.585               914.485
 Total Assets                                Rp million

 Jumlah Liabilitas                           Rp juta
                                                                       695.581            437.134               248.346
 Total Liabilities                           Rp million

 Jumlah Ekuitas                              Rp juta
                                                                      838.858             762.450                666.140
 Total Equity                                Rp million



188                                                                                     PT Hasnur Internasional Shipping Tbk
Page 191
Tata Kelola Perusahaan                        Laporan Keberlanjutan
Good Corporate Governance                     Sustainability Report




Kinerja Operasional Berkelanjutan [OJK F.3]
Sustainable Operational Performance

                                                                              2025                2024               2023
 Keterangan                                      Satuan
                                                                            Capaian             Capaian            Capaian
 Description                                     Unit
                                                                          Achievements        Achievements       Achievements

 Kinerja Operasional Berkelanjutan
 Sustainable Operational Performance

                                                 Ton                           1.324.011           899.206            400.726
 Segmen Pelayaran Ramah Lingkungan
 Environmentally Friendly Shipping Segment       Rp juta                        140.373
                                                                                                    111.347             55.619
                                                 Rp million



Dampak Ekonomi Tidak Langsung                                         Indirect Economic Impact
Di samping menjalankan operasional bisnis, Perseroan                  In addition to conducting business operations, the
memiliki komitmen untuk menciptakan nilai tambah                      Company is committed to creating added value for the
bagi masyarakat sekitar, dengan tujuan meningkatkan                   surrounding community, with the aim of improving their
kualitas hidup dan kesejahteraan mereka. Sebagai                      quality of life and welfare. As a form of commitment
bentuk komitmen terhadap lingkungan operasinya,                       to its operating environment, the Company prioritizes
Perseroan memprioritaskan penyerapan tenaga kerja                     the absorption of local labor based on competence
lokal berdasarkan kompetensi serta mengembangkan                      and develops cooperation with local and national
kerja sama dengan pemasok lokal dan nasional sebagai                  suppliers as strategic partners.		
mitra strategis.

Perluasan operasional yang meningkatkan permintaan                    Operational expansion that increases demand for goods
akan barang dan jasa turut membuka peluang bisnis baru                and services also opens up new business opportunities
bagi para mitra kerja, mendukung stabilitas ekonomi lokal,            for partners, supports local economic stability, and drives
dan mendorong perputaran ekonomi di berbagai sektor.                  economic turnover in various sectors.

Sepanjang tahun 2025, Perseroan telah bekerja                         Throughout 2025, the Company has collaborated with
sama dengan 32 mitra kerja aktif, yang seluruhnya                     32 active partners, all of which are national partners. In
merupakan mitra kerja nasional. Selain itu, Perseroan                 addition, the Company provides guidance programs to
memberikan program pembinaan kepada UMKM lokal                        local MSMEs by providing feedback on the demand for
dengan memberikan feedback mengenai permintaan                        goods and services in accordance with the specifications
barang dan jasa sesuai spesifikasi dan kualitas yang                  and quality required by the Company.
dibutuhkan Perseroan.

Kinerja Lingkungan                                                    Environmental Performance

Sebagai perusahaan yang beroperasi di sektor pelayaran                As a company operating in the shipping and logistics
dan logistik, Perseroan memiliki tanggung jawab besar                 sector, the Company has a major responsibility to preserve
dalam menjaga kelestarian lingkungan laut dan ekosistem               the marine environment and surrounding ecosystems.
sekitarnya. Perseroan menyadari bahwa kegiatan                        The Company realizes that operational activities such as the
operasional seperti pengangkutan barang melalui jalur                 transportation of goods by water, the use of fuel, and ship
perairan, penggunaan bahan bakar, serta perawatan kapal               maintenance have the potential to impact the environment if
berpotensi menimbulkan dampak terhadap lingkungan                     not managed properly. Therefore, the Company continues
apabila tidak dikelola dengan baik. Oleh karena itu,                  to strengthen its environmental management policies and
Perseroan terus memperkuat kebijakan dan praktik                      practices as part of its sustainability strategy, with an
pengelolaan lingkungan sebagai bagian dari strategi                   emphasis on energy efficiency, emission reduction, and
keberlanjutan, dengan menekankan pada efisiensi energi,               waste and hazardous material management in accordance
pengurangan emisi, serta pengelolaan limbah dan bahan                 with national and international regulations.
berbahaya sesuai regulasi nasional dan internasional.

Komitmen tersebut diwujudkan melalui berbagai program                 This commitment is manifested through various programs
dan inovasi yang bertujuan untuk menekan dampak                       and innovations aimed at reducing the environmental
lingkungan dari aktivitas operasional. Perseroan secara               impact of operational activities. The Company
berkelanjutan melakukan pemantauan kualitas emisi,                    continuously monitors emission quality, implements an
menerapkan sistem manajemen lingkungan berbasis                       ISO 14001:2015-based environmental management system,
standar ISO 14001:2015, serta mendorong digitalisasi                  and encourages the digitization of operational processes
proses operasional guna mengurangi penggunaan                         to reduce excessive use of resources. In addition, the
sumber daya secara berlebihan. Selain itu, perusahaan                 company also develops coastal and marine environmental
juga mengembangkan inisiatif pelestarian lingkungan                   conservation initiatives through educational activities and
pesisir dan laut melalui kegiatan edukasi dan kolaborasi              collaboration with local communities. With these measures,
dengan masyarakat sekitar. Dengan langkah-langkah                     the Company is committed to not only complying with

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Ikhtisar Kinerja                    Laporan Manajemen                   Profil Perusahaan                    Analisis dan Pembahasan Manajemen
Highlights Performance              Management Report                   Company Profile                      Management Discussion and Analysis




ini, Perseroan berkomitmen untuk tidak hanya mematuhi                  applicable environmental regulations, but also playing
ketentuan lingkungan yang berlaku, tetapi juga berperan                an active role in creating an environmentally friendly
aktif dalam menciptakan rantai nilai industri pelayaran                and sustainable shipping industry value chain.
yang ramah lingkungan dan berkelanjutan.

Biaya Lingkungan [OJK F.4]                                             Environmental Costs [OJK F.4]
Dalam rangka memperkuat kinerja lingkungan dan                         In order to strengthen its environmental performance and
memastikan operasional yang bertanggung jawab,                         ensure responsible operations, the Company allocates
Perseroan mengalokasikan biaya lingkungan sebagai                      environmental costs as part of the company's strategic
bagian dari investasi strategis perusahaan terhadap                    investment in long-term sustainability. These costs cover
keberlanjutan jangka panjang. Biaya tersebut mencakup                  various environmental management and monitoring
berbagai kegiatan pengelolaan dan pemantauan                           activities, such as emission control, hazardous waste
lingkungan, seperti pengendalian emisi, pengelolaan                    management,      environmental     management      system
limbah bahan berbahaya, pemeliharaan sistem manajemen                  maintenance, and employee training on environmentally
lingkungan, serta pelatihan karyawan terkait praktik ramah             friendly practices. The Company views environmental
lingkungan. Perseroan memandang pengeluaran di bidang                  expenditures not only as a compliance obligation, but also
lingkungan bukan sekadar kewajiban kepatuhan, tetapi                   as a tangible commitment to maintaining the balance of
juga sebagai bentuk komitmen nyata untuk menjaga                       the marine ecosystem and supporting the implementation
keseimbangan ekosistem laut dan mendukung penerapan                    of green shipping principles in line with sustainable
prinsip green shipping yang sejalan dengan tujuan                      development goals (SDGs).			
pembangunan berkelanjutan (SDGs).

Pada tahun 2025, Perseroan membayar biaya lingkungan                   In 2025, the Company paid environmental costs amounting
sebesar Rp0juta dengan rincian sebagai berikut:                        to Rp0 million with the following details:


 Kegiatan                       Biaya         Cakupan              Risiko apabila tidak ditangani
 Activity                       Cost          Scope                Risks if Not Addressed

 Nursery KM 01 HIS           Rp18.000.000     Kalimantan Selatan   Keterbatasan ketersediaan bibit tanaman
                                              South Kalimantan     Unable to contribute to reducing beach waste

 Beach Clean Up               Rp1.000.000     Kalimantan Selatan   Tidak dapat bersumbangsih dalam mengurangi sampah area pantai
                                              South Kalimantan     Unable to contribute to reducing beach waste

 River Clean Up               Rp1.000.000     Kalimantan Selatan   Menurunnya kualitas dan kebersihan sungai yang merupakan jalur operasional.
                                              South Kalimantan     Declining quality and cleanliness of rivers that serve as operational routes.



Penggunaan Material Ramah Lingkungan [OJK F.5]                         Use of Environmentally Friendly Materials [OJK F.5]
Komitmen Perseroan dalam memenuhi peraturan                            The Company's commitment to complying with
lingkungan hidup, standar internasional, serta komitmen                environmental regulations, international standards, and
internal Perseroan untuk menerapkan strategi bisnis yang               internal commitments to implementing environmentally
berwawasan ramah lingkungan dilakukan dengan menjaga                   friendly business strategies is carried out by maintaining a
keseimbangan antara kegiatan operasional dan upaya                     balance between operational activities and environmental
perlindungan lingkungan hidup dengan mengendalikan                     protection efforts by controlling and minimizing
serta meminimalkan dampak lingkungan.                                  environmental impacts.

Sebagai bagian dari tanggung jawab Perseroan, operasi                  As part of the Company's responsibility, business
bisnis dijalankan dengan prinsip ramah lingkungan, melalui             operations are carried out based on environmentally
pengurangan material yang memiliki dampak negatif                      friendly principles, through the reduction of materials that
terhadap lingkungan. Sejak tahun 2022, seluruh armada                  have a negative impact on the environment. Since 2022,
kapal yang digunakan untuk operasional Perseroan telah                 the entire fleet of ships used for the Company's operations
dikelola sesuai peraturan dan standar internasional yang               has been managed in accordance with international
memenuhi standar ramah lingkungan, termasuk ISO Code                   regulations and standards that meet environmentally
seperti penggunaan bahan bakar B40, lampu hemat                        friendly standards, including ISO Codes such as the use
energi, cat TBT-free anti-fouling system saat docking,                 of B40 fuel, energy-efficient lighting, TBT-free anti-fouling
serta pengurangan material plastik dan barang sekali                   paint systems during docking, and the reduction of plastic
pakai. Perawatan dan pengecekan rutin fasilitas kapal                  materials and disposable items. The Company conducts
dilakukan Perseroan untuk memastikan operasi yang                      routine maintenance and checks of ship facilities to ensure
efisien dan berkelanjutan.                                             efficient and sustainable operations.

Komitmen        ramah     lingkungan    Perseroan   juga               The Company's commitment to environmental friendliness
diimplementasikan pada kantor operasional. Salah satunya               is also implemented in its operational offices. One
melalui kebijakan penghapusan penggunaan air minum                     example is the policy of eliminating the use of bottled
dalam kemasan plastik untuk meminimalkan limbah plastik.               water in plastic containers to minimize plastic waste. In
Selain itu, seluruh karyawan didorong untuk memanfaatkan               addition, all employees are encouraged to use digital


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media digital dalam bertukar informasi guna mengurangi                                    media to exchange information in order to reduce
ketergantungan pada pencetakan kertas. Dari sisi fasilitas,                               dependence on paper printing. In terms of facilities,
pencahayaan kantor telah beralih menggunakan lampu                                        office lighting has switched to LED lights, which are more
LED yang lebih ramah lingkungan, hemat energi, dapat                                      environmentally friendly, energy efficient, recyclable,
didaur ulang, dan tidak mengandung bahan berbahaya                                        and do not contain hazardous materials (B3). This is
(B3), serta diiringi dengan penerapan upaya penghematan                                   accompanied by efforts to save electricity through more
listrik melalui pengelolaan penggunaan energi secara lebih                                efficient energy management in daily operations.
efisien dalam kegiatan operasional sehari-hari.

Pengelolaan Energi dan Air                                                                Energy and Water Management
Perseroan menerapkan prinsip pengelolaan sumber                                           The    Company     implements   responsible   resource
daya yang bertanggung jawab sebagai wujud komitmen                                        management principles as part of its commitment to
Perseroan terhadap keberlanjutan lingkungan. Pengelolaan                                  environmental sustainability. The Company manages
energi dan air dilakukan Perseroan seefisien mungkin                                      energy and water as efficiently as possible to reduce
untuk mengurangi dampak lingkungan serta mendorong                                        environmental impact and promote the Company's
efektivitas kinerja Perseroan.                                                            performance effectiveness.

Penggunaan Energi dan Intensitasnya [OJK F.6]                                             Energy Use and Intensity [OJK F.6]
Perseroan menggunakan dua sumber energi utama                                             The Company uses two main energy sources in carrying
dalam menjalankan kegiatan operasionalnya, yaitu listrik                                  out its operational activities, namely electricity and
dan bahan bakar minyak (BBM). Energi listrik digunakan                                    fuel oil (BBM). Electrical energy is used to support
untuk mendukung kegiatan operasional di kantor,                                           operational activities in the office, while fuel oil, gas,
sedangkan BBM, gas, dan panel surya digunakan untuk                                       and solar panels are used for ship operations.
operasional kapal.

 Cakupan                                    Sumber Energi                         Satuan
                                                                                                                    2025                 2024
 Scope                                      Energy Source                         Unit

 Energi terbarukan
 Renewable Energy

                                                                                  kWh                                23.682                 20.163
 Armada Kapal                               Panel Surya
 Vessel Fleet                               Solar Panels                          GJ                                  97,728                72, 59

 Energi Tidak Terbarukan
 Non-Renewable Energy

                                                                                  Liter                           11.649.709            9.945.241
                                            BBM Biodiesel B40
                                            B40 Biodiesel Fuel                    GJ                                468.291               399.775
 Armada Kapal
 Vessel Fleet                                                                     Kg                                  6.084             6.486,900
                                            Gas
                                                                                  GJ                                  0,369                 0,394

                                                                                  kWh                                 4.496                 4.785
 Kantor Pusat                               Listrik PLN
 Head Office                                PLN Electricity                       GJ                                   17,98                 19,14

 Total Energi yang Digunakan                                                                                    468.407,077            399.867,124
                                                                                  GJ
 Total Energy Used

 Pendapatan                                                                       Rp juta                           880.578               1.018.112
 Revenue                                                                          Rp million

 Intensitas Energi                                                                GJ/Rp juta                           0,53                   0,39
 Energy Intensity                                                                 GJ/Rp million

 Catatan | Note:
 (*) Faktor konversi menggunakan standar IPCC (UNEP) 2006, GHG Protocol (WBCSD, WRI).
     Conversion factor using IPCC (UNEP) 2006 standards, GHG Protocol (WBCSD, WRI).
 (*) Faktor konversi | Conversion factor:
    • 1 kWh = 0,004 GJoule | 1 kWh = 0.004 GJoule
    • 1 m3 Gas Alam = 0,034 GJ | 1 m³ Natural Gas = 0.034 GJ
    • 1 liter solar = 0,040 GJ | 1 liter of diesel = 0.040 GJ


Upaya Efisiensi Energi [OJK F.7]                                                          Energy Efficiency Efforts [OJK F.7]
Sebagai bagian dari komitmen terhadap pengelolaan                                         As part of its commitment to responsible environmental
lingkungan yang bertanggung jawab, Perseroan terus                                        management, the Company continues to strive to improve
berupaya meningkatkan efisiensi energi di seluruh kegiatan                                energy efficiency in all of its operational activities. Given
operasionalnya. Mengingat penggunaan bahan bakar                                          that fuel consumption is one of the main components in the
merupakan salah satu komponen utama dalam industri                                        shipping industry, the Company focuses on implementing
pelayaran, Perseroan fokus pada penerapan teknologi                                       technologies and operational practices that can reduce
dan praktik operasional yang dapat menurunkan konsumsi                                    energy consumption and carbon emissions. These efforts

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Highlights Performance           Management Report              Company Profile              Management Discussion and Analysis




energi serta mengurangi emisi karbon. Upaya tersebut           are carried out through the optimization of shipping
dilakukan melalui optimalisasi rute pelayaran, perawatan       routes, regular maintenance of the fleet to maintain engine
berkala armada untuk menjaga performa mesin, serta             performance, and the use of a digital-based energy
penggunaan sistem monitoring energi yang berbasis              monitoring system. In addition, the Company also actively
digital. Selain itu, Perseroan juga secara aktif mengedukasi   educates employees on the importance of energy efficiency
karyawan mengenai pentingnya efisiensi energi sebagai          as a concrete step in supporting the transition to greener
langkah nyata dalam mendukung transisi menuju                  and more sustainable maritime operations.		
operasional maritim yang lebih hijau dan berkelanjutan.

Perseroan menerapkan strategi penghematan energi               The Company implemented an energy saving strategy
melalui pengelolaan konsumsi BBM yang tepat dan terukur,       through proper and measured fuel consumption
antara lain dengan penetapan parameter operasional serta       management, including setting operational parameters
evaluasi dan reformulasi pola konsumsi BBM kapal. Selain       and evaluating and reformulating fuel consumption
itu, optimalisasi operasional armada dilakukan dengan          patterns for ships. In addition, fleet operations were
tetap mengoperasikan kapal yang dilengkapi panel surya         optimized by continuing to operate ships equipped with
(solar panel) untuk mendukung kebutuhan energi di atas         solar panels to support energy needs on board, as well as
kapal, serta penggunaan BBM B–40 pada seluruh armada.          using B-40 fuel across the entire fleet. These measures
Langkah-langkah tersebut ditujukan untuk meningkatkan          were aimed at gradually improving energy efficiency,
efisiensi energi secara bertahap, menjaga keandalan            maintaining operational reliability, and supporting
operasional, serta mendukung komitmen Perseroan                the Company's commitment to sustainability.
terhadap keberlanjutan.

Emisi Gas Rumah Kaca                                           Greenhouse Gas Emissions
Sebagai perusahaan yang berkomitmen untuk menjalankan          As a company committed to running a sustainable business,
bisnis yang berkelanjutan, Perseroan menyadari                 the Company recognizes the importance of reducing
pentingnya mengurangi emisi Gas Rumah Kaca (GRK)               greenhouse gas (GHG) emissions, which are a major
yang merupakan faktor utama perubahan iklim. Dalam             factor in climate change. In order to support the Indonesian
rangka mendukung komitmen Pemerintah Indonesia untuk           government's commitment to achieving Net Zero Emissions
mencapai Net Zero Emission pada tahun 2060, Perseroan          by 2060, the Company is committed to reducing GHG
berkomitmen untuk mengurangi emisi GRK melalui                 emissions through the implementation of policies aimed at
implementasi kebijakan yang ditujukan untuk mengurangi         reducing emissions from the Company's operations.
emisi dari operasional Perseroan.

Sebagai bagian dari industri pelayaran yang berperan           As part of the shipping industry, which plays an important
penting dalam rantai pasok global, Perseroan menyadari         role in the global supply chain, the Company recognizes
urgensi untuk turut serta dalam upaya pengendalian             the urgency of participating in efforts to control climate
perubahan iklim. Oleh karena itu, Perseroan berkomitmen        change. Therefore, the Company is committed to
untuk mendukung dan menyesuaikan diri dengan target            supporting and adapting to the Net Zero Emission target
Net Zero Emission yang telah ditetapkan oleh International     set by the International Maritime Organization (IMO). The
Maritime Organization (IMO). IMO telah menetapkan target       IMO has set a target to achieve net zero GHG emissions
untuk mencapai emisi GRK nol bersih (net zero emission)        by or around 2050. The Company uses this target as the
pada atau sekitar tahun 2050. Perseroan menjadikan target      main reference in formulating its strategic direction for
ini sebagai referensi utama dalam menyusun arah strategis      sustainability and operational decarbonization. [IDX E-06]
keberlanjutan dan dekarbonisasi operasional. [IDX E-06]

Dalam rangka mendukung pengurangan emisi karbon                In order to support the reduction of carbon dioxide (CO₂),
dioksida (CO₂), nitrogen oksida (NOₓ), dan sulfur oksida       nitrogen oxide (NOₓ), and sulfur oxide (SOₓ) emissions—
(SOₓ)—yang diketahui sebagai kontributor utama terhadap        which are known to be major contributors to ozone layer
kerusakan lapisan ozon—Perseroan menerapkan kebijakan          depletion—the Company implements an emission reduction
pengurangan emisi pada seluruh kapal. Kebijakan ini            policy on all ships. This policy emphasizes the importance
menekankan pentingnya efisiensi pembakaran bahan bakar         of fuel combustion efficiency in order to reduce exhaust
guna menekan emisi gas buang dari aktivitas pelayaran.         emissions from shipping activities.




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Emisi CO2 yang Dihasilkan Perseroan [OJK F.11][IDX E-01, E-02]
CO₂ Emissions Generated by the Company


                                                                                                         Kenaikan (Penurunan) Emisi GRK
                                                                                                            dengan tahun sebelumnya
 Sumber Emisi GRK                    Satuan                                                           Increase (Decrease) in GHG Emissions
                                                        2025                2024           2023           Compared to the Previous Year
 GHG Emission Sources                Unit
                                                                                                          Jumlah            Persentase
                                                                                                           Total            Percentage

 Cakupan 1
 Scope 1

 BBM (Biodiesel B40)
                                     KgCO2eq            26.678                 20.401        21.175           6.277           30,77%
 Fuel (B40 Biodiesel)

 Gas                                 KgCO2eq              1.365                12.351          N/A          (10.986)        (88,95)%

 Jumlah Emisi GRK (Scope 1)
                                     KgCO2eq            28.043                 32.752        21.175          (4.709)         (14,38)%
 Total GHG Emissions (Scope 1)

 Cakupan 2
 Scope 2

 Listrik PLN
                                     KgCO2eq             75,010                79,832       79,327           (4,822)         (6,04)%
 PLN Electricity

 Jumlah Emisi GRK (Scope 1 & 2)
                                     KgCO2eq         28.118,010           32.831,832     21.254,327      (4.713,822)         (14,36)%
 Total GHG Emissions (Scope 1 & 2)

 Pendapatan                          Rp juta
                                                       880.578              1.018.112      941.908         (137.534)         (13,51)%
 Revenue                             Rp million

                                     KgCO2eq/
 Intensitas Emisi GRK
                                     Rp juta             0,032                 0,032         0,022                 -              0%
 GHG Emission Intensity
                                     Rp million


Perseroan melakukan upaya pengurangan emisi melalui                        The Company made efforts to reduce emissions through
penerapan operasional yang lebih berkelanjutan dan                         the implementation of more sustainable operations and
pelaksanaan program lingkungan. Pada tahun 2025, secara                    environmental programs. In 2025, operationally, the
operasional, armada Perseroan menggunakan BBM B-40                         Company's fleet used B-40 fuel, which contributed to
yang berkontribusi dalam menekan emisi gas rumah kaca.                     reducing greenhouse gas emissions. In addition, the
Selain itu, Perseroan menjalankan program kelestarian                      Company has run environmental sustainability programs in
lingkungan berupa penanaman pohon, pengelolaan                             the form of tree planting, management of the KM 01 HIS
Nursery KM 01 HIS, serta kegiatan Beach Clean Up dan                       Nursery, as well as Beach Clean Up and River Clean Up
River Clean Up di wilayah operasional Perseroan. [OJK F.12]                activities in the Company's operational areas. [OJK F.12]

Penggunaan Air [OJK F.8]                                                   Water Usage [OJK F.8]
Air memegang peranan penting dalam operasional                             Water plays an important role in the Company's operations,
Perseroan, yang dimanfaatkan untuk berbagai keperluan                      which is used for various purposes such as employee
seperti sanitasi karyawan, fasilitas mushola, dapur,                       sanitation, prayer room facilities, kitchens, watering
penyiraman tanaman, serta kebutuhan operasional                            plants, and ship operational needs. In meeting these
kapal. Dalam memenuhi kebutuhan tersebut, Perseroan                        needs, the Company relies on two main sources of clean
mengandalkan dua sumber pasokan air bersih utama:                          water supply: the Regional Water Company (PDAM) for
Perusahaan Daerah Air Minum (PDAM) untuk kebutuhan                         office needs and surface water for the ship fleet.
kantor dan air permukaan untuk armada kapal.

Selaras dengan komitmen terhadap prinsip keberlanjutan,                    In line with its commitment to sustainability principles,
Perseroan secara konsisten mendorong efisiensi dalam                       the Company consistently promotes efficiency in
penggunaan air untuk menjaga kelangsungan sumber                           water use to preserve this resource and as part
daya ini, serta sebagai upaya Perseroan dalam mencapai                     of the Company's efforts to achieve SDG 6 (Clean
SDGs ke-6 (Air Bersih dan Sanitasi Layak). Berbagai                        Water and Sanitation). Various initiatives have been
inisiatif telah diimplementasikan guna mendukung upaya                     implemented to support these efforts, including:
tersebut, meliputi:

Sebagai bagian dari komitmen keberlanjutan, Perseroan                      As part of its sustainability commitment, the Company
terus berupaya melakukan efisiensi dalam penggunaan                        continues to strive for efficiency in water use to
air guna menjaga kelestarian sumber daya tersebut. Untuk                   preserve this resource. To support water use efficiency,
mendukung efisiensi penggunaan air, Perseroan telah                        the Company has taken various steps, including:
melakukan berbagai langkah, antara lain:

•   Menerapkan teknologi ship water maker di semua                         •    Implementing ship water maker technology on all ships
    kapal untuk menghasilkan air bersih secara mandiri;                         to produce clean water independently;


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Highlights Performance                 Management Report             Company Profile                      Management Discussion and Analysis




•     Mengimbau seluruh karyawan agar bijak dan hemat               •   Encouraging all employees to be wise and economical
      dalam menggunakan air di area kantor; dan                         in their use of water in the office area; and

•     Melakukan perawatan berkala pada instalasi air untuk          •   Conducting regular maintenance on water installations
      mendeteksi dan memperbaiki kebocoran secara cepat.                to quickly detect and repair leaks.

                                           Satuan
 Keterangan                                                2025     2024                 2023     Description
                                           Unit

 Penggunaan Air di Kapal (Air Permukaan)                   15.800    11.842              13.098   Water Use on Ships (Surface Water)

 Penggunaan Air di Kantor (Air PDAM)       M3               1.176       949                824    Water Use in Offices (PDAM Water)

 Jumlah                                                    16.976   12.791               13.922   Total



Keanekaragaman Hayati                                               Biodiversity
Wilayah operasional Perseroan melewati kawasan sungai               The Company's operational areas pass through rivers
dan laut yang memiliki keanekaragaman hayati tinggi. Kami           and seas with high biodiversity. We understand that
memahami, operasional Perseroan dapat saja memberi                  the Company's operations may have an impact on
dampak pada daerah tersebut.                                        these areas.

Keanekaragaman hayati yang dapat terdampak dari                     The biodiversity that may be affected by the Company's
aktivitas operasional Perseroan antara lain risiko                  operational activities includes the risk of water pollution
pencemaran air akibat tumpahan minyak dan limbah kapal,             due to oil spills and ship waste, noise pollution that disturbs
polusi suara yang mengganggu biota di perairan yang kami            the biota in the waters we pass through, and the risk of
lalui, serta risiko gangguan terhadap ekosistem sensitif            disruption to sensitive ecosystems such as coral reefs and
seperti terumbu karang dan hutan mangrove.                          mangrove forests.

Sebagai bentuk tanggung jawab Perseroan terhadap                    As part of the Company's responsibility towards
keanekaragaman hayati, Perseroan memiliki standar                   biodiversity, the Company has established operating
operasi yang dibentuk dengan mempertimbangkan                       standards that take into account the flora and fauna found
keberadaan flora dan fauna yang berada di sekitar wilayah           in the vicinity of its operational areas. The Company's
operasional. Upaya-upaya yang dilakukan Perseroan                   efforts include using Oil Water Separators (OWS), TBT-free
antara lain menggunakan Oil Water Separator (OWS),                  anti-fouling systems, ballast water management to prevent
cat TBT-free anti-fouling system, pengelolaan air ballast           invasive species, and mapping shipping routes that do not
untuk mencegah spesies invasif, serta pemetaan jalur                disturb important habitats. In addition, the Company is also
pelayaran yang tidak mengganggu habitat penting. Selain             committed to improving fuel efficiency in order to reduce
itu, Perseroan juga berkomitmen meningkatkan efisiensi              emissions and water pollution. [OJK F.9]
bahan bakar guna mengurangi emisi dan polusi perairan.
[OJK F.9]


Pada tahun 2025, Perseroan melaksanakan berbagai                    In 2025, the Company implemented various environmental
program konservasi lingkungan sebagai bagian dari                   conservation programs as part of its commitment to
komitmen terhadap penerapan prinsip keberlanjutan.                  applying sustainability principles. Activities carried out
Kegiatan    yang   dilaksanakan   mencakup    program               included tree planting programs, management of the
penanaman pohon, pengelolaan Nursery KM 01 HIS                      KM 01 HIS Nursery as a means of seedling and plant
sebagai sarana pembibitan dan penyediaan tanaman, serta             provision, as well as Beach Clean Up and River Clean Up
kegiatan Beach Clean Up dan River Clean Up di wilayah               activities in the Company's operational areas.
operasional Perseroan.

Program-program tersebut bertujuan untuk mendukung                  These programs were aimed to support environmental
pelestarian lingkungan, menjaga keseimbangan ekosistem              preservation, maintain the balance of terrestrial and aquatic
darat dan perairan, serta meningkatkan kepedulian dan               ecosystems, and increase the awareness and participation
partisipasi karyawan serta masyarakat sekitar terhadap              of employees and the surrounding community in protecting
perlindungan lingkungan hidup. [OJK F.10]                           the environment.[OJK F.10]

Pengelolaan Limbah dan Efluen                                       Waste and Effluent Management
Limbah yang dihasilkan dari kegiatan operasional                    Waste generated from the Company's operational
Perseroan mencakup limbah padat, cair, limbah B3 (Bahan             activities includes solid waste, liquid waste, hazardous
Beracun dan Berbahaya), serta limbah non-B3. Limbah                 and toxic waste (B3), and non-B3 waste. Waste can
yang dihasilkan dapat mencemari lingkungan apabila tidak            pollute the environment if not managed properly, so the
dikelola dengan baik, sehingga Perseroan berkomitmen                Company is committed to managing its waste as minimally
untuk mengelola limbah yang dihasilkannya seminim                   as possible and in accordance with regulations.
mungkin dan sesuai regulasi.




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Dalam mengelola limbah, Perseroan berpedoman pada                   In managing waste, the Company adheres to the 4R
prinsip 4R (reduce, reuse, recycle, recovery). Limbah               principle (reduce, reuse, recycle, recovery). Hazardous
Bahan Berbahaya dan Beracun (B3) yang berasal                       and Toxic Materials (B3) waste originating from the
dari armada kapal ditampung sementara di Tempat                     ship fleet is temporarily stored at a Temporary Storage
Penyimpanan Sementara (TPS) pelabuhan yang dilengkapi               Site (TPS) at the port equipped with waste reception
fasilitas penerimaan limbah, mengingat Perseroan belum              facilities, given that the Company does not yet have its
memiliki unit pengolahan sendiri. Sementara di kantor,              own processing unit. Meanwhile, at the office, waste
upaya pengurangan limbah difokuskan pada minimalisasi               reduction efforts are focused on minimizing paper use.
penggunaan kertas. Karyawan juga didorong untuk                     Employees are also encouraged to apply the reuse
menerapkan prinsip reuse dengan memanfaatkan kertas                 principle by utilizing used paper for internal purposes,
bekas untuk keperluan internal, sehingga dapat menekan              thereby gradually reducing paper consumption.
konsumsi kertas secara bertahap.

Dengan langkah-langkah ini, Perseroan berupaya                      Through these measures, the Company strives
mengelola limbah secara bertanggung jawab dan                       to    manage    waste     responsibly and support
mendukung pelestarian lingkungan.                                   environmental conservation.

Limbah yang dihasilkan [OJK F.13]
Waste Produced

                            Satuan
 Kategori Limbah                                  2025                    2024                 2023                Waste Category
                            Unit

 Limbah di Kantor                                                                                                      Office Waste

 Organik                    Ton                    3,51                    3,4                  3,6                        Organic

 Non Organik                Ton                     1,1                     2,1                 1,8                    Non-organic

 Limbah B3                  Ton                   0,315                    0,3                  0,15               Hazardous Waste

 Limbah di Kapal                                                                                                    Waste on Board

 Organik                    Ton                    17,8                    9,8                  10,5                       Organic

 Non Organik                Ton                    9,6                     6,3                  6,9                    Non-organic

 Limbah B3                  Ton                    2,3                     1,54                 1,31               Hazardous Waste

 Jumlah                     Ton                    29,7                   17,94                18,86                          Total



Perseroan bekerja sama dengan pihak ketiga yang memiliki            The Company works with third parties licensed by the
izin dari Kementerian Lingkungan Hidup dan Kementerian              Ministry of Environment and the Ministry of Transportation
Perhubungan untuk mengelola limbah yang dihasilkan dari             to manage waste generated from the operation of its fleet
aktivitas pengoperasian armada kapal dan kantor. [OJK F.14]         and offices. [OJK F.14]

Sebagai bagian dari komitmen berkelanjutan, Perseroan               As part of its ongoing commitment, the Company
secara konsisten menjalankan program pengelolaan dan                consistently implements environmental management
pemantauan lingkungan yang berpedoman pada standar                  and monitoring programs based on applicable
berlaku. Salah satu implementasi utamanya adalah                    standards. One of the main implementations is the
pelaksanaan perawatan kapal secara berkala, yang                    periodic maintenance of ships, which aims to prevent
bertujuan mencegah kebocoran minyak guna melindungi                 oil spills in order to protect river and marine ecosystems
ekosistem perairan sungai dan laut dari dampak negatif.             from negative impacts. During 2025, there were no
Selama tahun 2025, tidak terdapat insiden tumpahan                  incidents of oil spills (zero oil spills) or effluents or other
minyak (zero oil spill) atau efluen maupun cairan berbahaya         hazardous liquids from the Company's ships. [OJK F.15]
lain oleh kapal Perseroan. [OJK F.15]

Pengaduan Lingkungan [OJK F.16]                                     Environmental Complaints [OJK F.16]
Perseroan senantiasa membuka akses yang luas bagi                   The Company always provides broad access for the public
masyarakat maupun pemangku kepentingan lainnya                      and other stakeholders to submit complaints or grievances
untuk menyampaikan pengaduan atau keluhan terkait                   related to the environment caused by the Company's
lingkungan yang disebabkan oleh operasional Perseroan.              operations. Every complaint received will be followed
Setiap pengaduan yang masuk akan ditindaklanjuti oleh               up by the relevant unit in accordance with applicable
unit terkait sesuai prosedur yang berlaku, sebagai bentuk           procedures, as a form of the Company's commitment to
komitmen Perseroan terhadap transparansi dan tanggung               transparency and environmental responsibility.
jawab lingkungan.




Laporan Tahunan Annual Report 2025                                                                                              195
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Ikhtisar Kinerja               Laporan Manajemen             Profil Perusahaan             Analisis dan Pembahasan Manajemen
Highlights Performance         Management Report             Company Profile               Management Discussion and Analysis




Sepanjang tahun 2025, Perseroan tidak menerima               Throughout 2025,      the Company did not receive
pengaduan terkait lingkungan hidup dari masyarakat           any environmental     complaints from the public or
maupun pemangku kepentingan lainnya.                         other stakeholders.

Kinerja Sosial                                               Social Performance

Perseroan    menempatkan     kinerja  sosial sebagai         The Company places social performance as one of the
salah satu pilar penting dalam strategi keberlanjutan        important pillars in its corporate sustainability strategy.
perusahaan. Perseroan menyadari bahwa keberhasilan           The Company realizes that business success is not
bisnis tidak hanya diukur dari capaian ekonomi, tetapi       only measured by economic achievements, but also by
juga dari seberapa besar kontribusi perusahaan               how much the company contributes to improving social
terhadap peningkatan kesejahteraan sosial di wilayah         welfare in its operational areas. Through various social
operasionalnya. Melalui berbagai program tanggung            responsibility and community empowerment programs,
jawab     sosial   dan   pemberdayaan     masyarakat,        the Company is committed to creating a sustainable
Perseroan berkomitmen menciptakan dampak positif             positive impact by promoting the values of partnership,
yang berkelanjutan dengan mengedepankan nilai-               fairness, and concern for the social environment.
nilai kemitraan, keadilan, dan kepedulian terhadap
lingkungan sosial.

Kinerja sosial Perseroan tercermin dalam upaya               The Company's social performance is reflected in its
peningkatan     kapasitas   sumber     daya     manusia,     efforts to improve human resource capacity, strengthen
penguatan ekonomi lokal, serta dukungan terhadap             the local economy, and support education, health, and
bidang    pendidikan,    kesehatan,   dan    lingkungan      the environment. The company actively collaborates with
hidup. Perusahaan secara aktif berkolaborasi dengan          local governments, educational institutions, and local
pemerintah daerah, lembaga pendidikan, dan komunitas         communities in implementing various social programs that
setempat dalam mengimplementasikan berbagai program          are relevant to the needs of coastal and port communities.
sosial yang relevan dengan kebutuhan masyarakat              Through an inclusive and sustainable approach,
pesisir dan pelabuhan. Melalui pendekatan yang inklusif      the Company strives to build harmonious relationships
dan berkelanjutan, Perseroan berupaya membangun              with stakeholders, while strengthening the company's
hubungan harmonis dengan para pemangku kepentingan,          role as a social development partner that contributes to
sekaligus memperkuat peran perusahaan sebagai mitra          improving the quality of life and shared prosperity.
pembangunan sosial yang berkontribusi terhadap
peningkatan kualitas hidup dan kesejahteraan bersama.

Aspek Ketenagakerjaan                                        Employment Aspects
Dalam menjalankan kegiatan usahanya, Perseroan               In conducting its business activities, the Company
menempatkan aspek ketenagakerjaan sebagai prioritas          places employment aspects as a top priority in its social
utama dalam kinerja sosial dan implementasi prinsip          performance and implementation of sustainability
keberlanjutan. Perseroan meyakini bahwa sumber daya          principles. The Company believes that human resources
manusia merupakan aset strategis yang berperan penting       are a strategic asset that plays an important role in
dalam mendukung pertumbuhan bisnis yang berkelanjutan.       supporting sustainable business growth. Therefore,
Oleh karena itu, Perseroan secara konsisten berkomitmen      the Company is consistently committed to creating a
menciptakan lingkungan kerja yang aman, adil, dan inklusif   safe, fair, and inclusive work environment through the
melalui penerapan kebijakan ketenagakerjaan yang             implementation of employment policies that comply with
sesuai dengan peraturan perundangan, penghormatan            laws and regulations, respect for workers' rights, and
terhadap hak-hak pekerja, serta program pengembangan         continuous competency development programs. This
kompetensi berkelanjutan. Pendekatan ini tidak hanya         approach not only increases employee productivity and
meningkatkan produktivitas dan kesejahteraan karyawan,       welfare but also strengthens a corporate culture based
tetapi juga memperkuat budaya perusahaan yang                on integrity, professionalism, and collaboration.
berlandaskan integritas, profesionalisme, dan kolaborasi.

Kesempatan Bekerja yang Setara [OJK F.18]                    Equal Employment Opportunities [OJK F.18]
Sebagai perusahaan yang menjunjung tinggi nilai-nilai        As a company that upholds the values of sustainability
keberlanjutan dan tanggung jawab sosial, Perseroan           and social responsibility, the Company is committed
berkomitmen untuk menerapkan prinsip kesetaraan              to implementing the principle of equal employment
kesempatan bekerja di seluruh lini organisasi. Perseroan     opportunities across all lines of the organization.
meyakini bahwa keberagaman tenaga kerja merupakan            The Company believes that workforce diversity
aset penting yang memperkaya budaya perusahaan,              is an important asset that enriches the corporate
mendorong inovasi, serta memperkuat daya saing bisnis        culture, drives innovation, and strengthens business
di tengah tantangan industri pelayaran yang semakin          competitiveness amid the increasingly dynamic
dinamis. Dalam menjalankan kebijakan ketenagakerjaan,        challenges of the shipping industry. In implementing
perusahaan memastikan bahwa setiap individu memiliki         its employment policies, the company ensures that


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Tata Kelola Perusahaan                       Laporan Keberlanjutan
Good Corporate Governance                    Sustainability Report




kesempatan yang sama untuk berkontribusi dan                         every individual has the same opportunity to contribute
berkembang berdasarkan kompetensi serta kinerja, tanpa               and develop based on competence and performance,
diskriminasi atas dasar gender, usia, agama, suku, maupun            without discrimination on the basis of gender, age,
latar belakang sosial-ekonomi.                                       religion, ethnicity, or socioeconomic background.

Untuk mewujudkan komitmen tersebut, Perseroan                        To realize this commitment, the Company implements
menerapkan proses rekrutmen dan promosi yang                         a transparent, fair, and merit-based recruitment and
transparan, adil, dan berorientasi pada merit system.                promotion process. The Company also actively opens
Perusahaan juga secara aktif membuka akses bagi                      access for women to occupy strategic and technical
perempuan untuk menempati posisi strategis dan teknis                positions in operational and managerial fields, in line
di bidang operasional maupun manajerial, sejalan dengan              with efforts to promote gender equality in the workplace.
upaya mendorong kesetaraan gender dalam dunia kerja.                 In addition, the Company provides equal opportunities
Selain itu, Perseroan memberikan kesempatan yang setara              for young workers and experienced professionals
bagi tenaga kerja muda dan profesional berpengalaman                 to contribute through various training and capacity
untuk berkontribusi melalui berbagai program pelatihan               building programs designed to continuously improve
dan pengembangan kapasitas yang dirancang guna                       individual competence and performance.		
meningkatkan       kompetensi  serta  kinerja    individu
secara berkelanjutan.

Lebih jauh, Perseroan berupaya menciptakan lingkungan                Furthermore, the Company strives to create a safe, inclusive,
kerja yang aman, inklusif, dan saling menghormati, di mana           and mutually respectful work environment where every
setiap karyawan memiliki ruang untuk menyalurkan potensi             employee has the space to channel their best potential.
terbaiknya. Perusahaan juga membangun sistem pelaporan               The Company has also established an internal reporting
dan mekanisme pengaduan internal guna memastikan                     system and complaint mechanism to ensure that there is no
tidak terjadi tindakan diskriminatif di tempat kerja, serta          discriminatory behavior in the workplace and to guarantee
menjamin perlindungan terhadap hak-hak karyawan.                     the protection of employee rights. By implementing
Dengan penerapan prinsip kesetaraan kesempatan                       the principle of equal employment opportunities,
bekerja ini, Perseroan tidak hanya memperkuat fondasi                the Company not only strengthens the foundation of sound
tata kelola ketenagakerjaan yang sehat, tetapi juga                  employment governance but also fosters a harmonious
menumbuhkan budaya kerja yang harmonis, beretika, dan                and ethical work culture that supports the realization
mendukung terwujudnya visi keberlanjutan perusahaan                  of the company's overall sustainability vision.
secara menyeluruh.

Selain itu, Perseroan menegaskan bahwa setiap proses                 In addition, the Company emphasizes that every employee
seleksi karyawan berlandaskan pada kualifikasi dan                   selection process is based purely on qualifications and
kompetensi murni, tanpa diskriminasi. Pendekatan ini                 competencies, without discrimination. This approach
tidak hanya memperkaya keberagaman di tempat kerja,                  not only enriches diversity in the workplace but also
tetapi juga mengoptimalkan potensi setiap individu                   optimizes the potential of each individual to support
untuk mendukung keberlanjutan bisnis. Perseroan                      business sustainability. The Company also ensures
juga memastikan setiap orang mendapat kesempatan                     that everyone has a fair opportunity to develop
berkembang yang adil sesuai kemampuan, tanpa                         according to their abilities, regardless of gender.
memandang gender.

 Uraian                              2025                     2024                    2023                             Description

 Jumlah Karyawan                      317                      287                     240                     Number of Employees

 Jumlah Manajer Perempuan              2                         1                      1                Number of Female Managers

 Persentase Manajer Perempuan        0,63%                    0,34%                   0,42%           Percentage of Female Managers




Tenaga Kerja Anak dan Pekerja Paksa [OJK F.19]                       Child Labor and Forced Labor [OJK F.19]
Perseroan telah menetapkan batas usia minimal dan                    The Company has set a minimum age and working hours
jam kerja karyawan, sebagai bentuk Perseroan dalam                   for employees as part of its commitment to respecting
penghormatan hak asasi manusia serta dukungan terhadap               human rights and supporting the elimination of child labor
penghapusan pekerja anak dan kerja paksa. Sesuai                     and forced labor. In accordance with the provisions of Law
ketentuan Undang-Undang Nomor 11 Tahun 2022 tentang                  Number 11 of 2022 concerning Job Creation, the minimum
Cipta Kerja, batas usia minimal karyawan Perseroan adalah            age limit for the Company's employees is 18 years old, and
18 tahun, serta jam kerja yang diberlakukan oleh Perseroan           the working hours imposed by the Company are 8 hours
yaitu 8 jam per hari atau 40 jam per minggu untuk 5 hari             per day or 40 hours per week for 5 working days. The
kerja, Perseroan juga memastikan setiap karyawannya                  Company also ensures that each of its employees gets
mendapatkan waktu istirahat yang pantas dan memadai.                 proper and adequate rest time.




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Ikhtisar Kinerja                     Laporan Manajemen                 Profil Perusahaan               Analisis dan Pembahasan Manajemen
Highlights Performance               Management Report                 Company Profile                 Management Discussion and Analysis




Sepanjang tahun 2025, tidak ada/ada laporan pelanggaran              Throughout 2025, there were no/there were reports of
terkait praktik jam kerja atau penyalahgunaan tenaga kerja           violations related to working hours or the abuse of child
anak di lingkungan Perseroan maupun di mitra usaha.                  labor within the Company or its business partners.

Upah Minimum Regional [OJK F.20]                                     Regional Minimum Wage [OJK F.20]
Perseroan berkomitmen untuk menghormati hak asasi                    The Company is committed to respecting human rights,
manusia, salah satunya adalah memberi upah yang                      one of which is providing fair wages in accordance
layak sesuai dengan regulasi yang berlaku. Perseroan                 with applicable regulations. The Company provides
menyediakan remunerasi yang kompetitif di setiap jenjang             competitive remuneration at every job level, including for
jabatan, termasuk bagi karyawan fresh graduate. Sesuai               fresh graduate employees. In accordance with statutory
dengan ketentuan perundang-undangan, karyawan                        provisions, the lowest-level employees at the Company
golongan terendah di Perseroan menerima remunerasi                   receive remuneration that is at least equivalent to the
minimal setara dengan Upah Minimum Regional (UMR)                    Regional Minimum Wage (UMR) set by the Government.
yang ditetapkan Pemerintah. Perbandingan remunerasi                  A comparison of remuneration for 2025 is presented in the
tersebut untuk tahun 2025 disajikan pada tabel berikut.              following table.

                                                                                            Persentase Upah Karyawan Terendah
                         Imbal Jasa Karyawan Tetap Level Terendah
 Wilayah Operasional                                                Upah Minimum Regional   Perseroan terhadap UMR
                         Minimum Wage for Permanent Employees
 Operational Area                                                   Regional Minimum Wage   Percentage of Lowest Employee Salary
                         at the Lowest Level
                                                                                            the Company to UMR

 Jakarta                 6.043.000                                  5.396.761               3,3%

 Banjarmasin             3.643.000                                  3.599.182               2%


Karyawan Perseroan diberikan fasilitas atau manfaat non-             Company employees are provided with non-cash benefits
tunai, di luar dari gaji dan bonus tahunan, seperti asuransi         or facilities, in addition to their salaries and annual
kesehatan, BPJS Kesehatan, dan BPJS Ketenagakerjaan.                 bonuses, such as health insurance, BPJS Health, and
Hal tersebut diberikan kepada karyawan sebagai                       BPJS Employment. These are provided to employees as
bentuk komitmen Perseroan terhadap kesejahteraan                     a form of the Company's commitment to the welfare of
tenaga kerja                                                         its workforce.

Lingkungan Bekerja yang Layak dan Aman [OJK F.21]                    A Safe and Decent Working Environment [OJK F.21]
Lingkungan kerja yang aman dan nyaman merupakan                      A safe and comfortable working environment is key to the
kunci utama dari keberhasilan Perseroan. Oleh karena                 Company's success. Therefore, the Company provides
itu, Perseroan menyediakan berbagai program dan                      various programs and facilities that support the health,
fasilitas yang dapat mendukung kesehatan, keselamatan,               safety, and welfare of employees, in accordance with laws
dan kesejahteraan karyawan, sesuai dengan peraturan                  and regulations. Complaints regarding employment issues
perundang-undangan. Terkait pengaduan masalah                        can be submitted directly to supervisors, through labor
ketenagakerjaan      dapat   disampaikan     langsung                unions, or to the Human Resources Department.
kepada atasan, melalui serikat pekerja atau kepada
Departemen SDM.

Komitmen terhadap Kesehatan dan Keselamatan Kerja                    Commitment to Occupational Health and Safety (OHS)
(K3)
Komitmen Perseroan terhadap Kesehatan dan Keselamatan                The Company's commitment to Occupational Health
Kerja (K3) ditunjukkan dengan menciptakan lingkungan                 and Safety (OHS) is demonstrated by creating a decent,
kerja yang layak, aman, dan mendukung produktivitas                  safe, and productive work environment for all employees,
bagi seluruh karyawan, baik yang bekerja di kapal maupun             both those working on ships and in offices. Within the
di kantor. Dalam kerangka strategi keberlanjutannya,                 framework of its sustainability strategy, the Company
Perseroan menempatkan kesehatan dan keselamatan                      places occupational health and safety as a top priority,
kerja sebagai prioritas utama, yang tidak hanya mendorong            which not only promotes employee welfare but also
kesejahteraan karyawan tetapi juga memastikan                        ensures the Company's operational sustainability.
keberlanjutan operasional Perseroan.

Kesadaran akan pentingnya K3 mendorong Perseroan                     Awareness of the importance of OSH has encouraged the
untuk mengadopsi Sistem Manajemen Kesehatan dan                      Company to adopt a comprehensive Occupational Health
Keselamatan Kerja (SMK3) secara menyeluruh, sebagai                  and Safety Management System (OHSMS) as a form of
bentuk perlindungan terhadap karyawan dan peningkatan                protection for employees and to improve safe operational
kinerja operasional yang aman di seluruh unit usaha.                 performance across all business units.

Di sisi operasional kapal, Perseroan memastikan armada               On the operational side of the ships, the Company ensures
kapal telah memenuhi standar keselamatan internasional,              that its fleet meets international safety standards, such
seperti International Safety Management (ISM) Code,                  as the International Safety Management (ISM) Code,
ISO 45001:2018, dan peraturan nasional yang berlaku.                 ISO 45001:2018, and applicable national regulations. Each

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Tata Kelola Perusahaan                            Laporan Keberlanjutan
Good Corporate Governance                         Sustainability Report




Setiap kapal dikelola melalui inspeksi berkala, penyediaan                ship is managed through periodic inspections, the provision
alat pelindung diri, pemasangan tanda keselamatan,                        of personal protective equipment, the installation of safety
dan penerapan standar STCW Manila 2010 untuk                              signs, and the application of the STCW Manila 2010
pelatihan dan sertifikasi awak kapal. Kru kapal juga rutin                standards for crew training and certification. The ship's
mengikuti sosialisasi prosedur tanggap darurat untuk                      crew also regularly participates in emergency response
meningkatkan kesiapsiagaan.                                               procedure briefings to improve preparedness.

Sementara di kantor pusat, fasilitas seperti APAR, sistem                 Meanwhile, at the head office, facilities such as fire
hydrant, sprinkler, detektor asap, dan P3K disediakan                     extinguishers, hydrant systems, sprinklers, smoke
untuk mengantisipasi risiko yang mungkin akan terjadi, dan                detectors, and first aid kits are provided to anticipate
didukung dengan pelatihan dan pengawasan rutin guna                       potential risks, supported by regular training and
memastikan efektivitas langkah-langkah K3.                                supervision to ensure the effectiveness of K3 measures.

Dengan demikian, penerapan K3 tidak hanya mengurangi                      Thus, the implementation of K3 not only reduces potential
potensi bahaya, tetapi juga membentuk budaya sadar                        hazards but also fosters a safety-conscious culture that
keselamatan yang mendukung stabilitas operasional dan                     supports operational stability and the achievement of the
pencapaian tujuan jangka panjang Perseroan.                               Company's long-term goals.

Hingga 31 Desember 2025, implementasi K3 berjalan                         As of 31 December 2025, K3 implementation has been
secara efektif. Tidak ada kecelakaan kerja atau insiden                   effective. There were no work accidents or incidents that
yang mengakibatkan pekerja dirujuk ke Instalasi Gawat                     resulted in workers being referred to the Emergency Room
Darurat selama tahun 2025. Jam kerja aman tercatat                        during 2025. Safe working hours recorded during 2025
selama tahun 2025 adalah 1.994.436 jam kerja aman tanpa                   were 1,994,436 safe working hours without Lost
Lost Time Injury.                                                         Time Injury.

Konsistensi penerapan K3 ini juga tercermin dari capaian                  The consistency of K3 implementation was also reflected
Perseroan, pada tahun 2025 Perseroan berhasil meraih                      in the Company's achievements. in 2025 the Company
Penghargaan Kecelakaan Nihil (Zero Accident Award)                        won the Zero Accident Award from the South Kalimantan
dari Pemerintah Provinsi Kalimantan Selatan melalui Dinas                 Provincial Government through the Manpower and
Tenaga Kerja dan Transmigrasi (Disnakertrans), atas                       Transmigration Office (Disnakertrans), for achieving
pencapaian 4.716.546 jam kerja tanpa kecelakaan kerja                     4,716,546 working hours without work accidents from
terhitung sejak 1 Desember 2021 hingga 31 Desember 2024.                  1 December 2021 to 31 December 2024.

Pelatihan dan Pengembangan Kemampuan Pegawai                              Employee Training and Development [OJK F.22]
[OJK F.22]


Untuk menunjang kemajuan perusahaan, Perseroan                            To support the company's progress, the Company provides
menyediakan peningkatan kualitas dan kapabilitas                          quality and capability improvements for employees through
karyawan melalui berbagai program pengembangan                            various competency development programs, including
kompetensi, mencakup pengembangan soft skills dan                         soft skills and hard skills development, which are carried
hard skills yang dilaksanakan melalui In-house Training                   out through in-house training and public training. The
dan Public Training. Perseroan juga menyelenggarakan                      Company also organizes professional training, certification
pelatihan profesional, program sertifikasi, dan kegiatan                  programs, and activities to increase motivation, in
untuk meningkatkan motivasi, sesuai dengan kebutuhan                      accordance with the Company's needs, without neglecting
Perseroan, tanpa mengesampingkan prinsip kesetaraan.                      the principle of equality.

Pada tahun 2025, Perseroan telah melaksanakan program                     In 2025, the Company implemented a training program with
pelatihan dengan total 990 jam pelatihan, diikuti oleh                    a total of 990 training hours, attended by 45 participants.
45 peserta. Perseroan menginvestasikan dana sebesar                       The Company invested Rp144,185,500 to support this
Rp144.185.500 untuk mendukung program ini. Langkah ini                    program. This step reflects the Company's commitment to
mencerminkan komitmen Perseroan dalam menciptakan                         creating competent and competitive human resources.
sumber daya manusia yang kompeten dan berdaya saing.


Program Peningkatan Keterampilan Karyawan
Employee Skills Improvement Program

                                                                                                      Jumlah Peserta      Durasi Pelatihan
         Nama Program Pelatihan/Workshop           Tanggal                    Penyelenggara          Total Participants         (Jam)
  No.
         Training/Workshop Program Name            Date                       Organizer                                   Training Duration
                                                                                                       L/M       P/F           (Hours)

    1    General Affair Management                 14–15 Mei May 2025         Synergis T.C              1         -              16

    2    Hasnur Supervisory Development Program    15–23 September 2025       Hasnur Gorup              1         -              40
         (HLDP)

    3    Business Intelegence                      3 Maret March 2025         Hasnur Gorup              1         -              9

    4    Training Of Trainer                       24 April 2025              KM&I (Hasnur)             1         -              8


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Ikhtisar Kinerja                           Laporan Manajemen                    Profil Perusahaan                   Analisis dan Pembahasan Manajemen
Highlights Performance                     Management Report                    Company Profile                     Management Discussion and Analysis




                                                                                                                  Jumlah Peserta      Durasi Pelatihan
      Nama Program Pelatihan/Workshop                    Tanggal                    Penyelenggara                Total Participants         (Jam)
  No.
      Training/Workshop Program Name                     Date                       Organizer                                         Training Duration
                                                                                                                  L/M        P/F           (Hours)

   5    Hasnur Primary Development Program (HLDP)        9–18 Juni June 2025        Hasnur Gorup                    -         1              32

   6    Human Capital Management                         11–14 Maret March 2025     PPM Manajemen                   1         -              32

   7    Business Intelegence                             3 Maret March 2025         Hasnur Gorup                    1         -              9

   8    Hasnur Managerial Development Program (HLDP) 29–1 Oktober October           Hasnur Gorup                    1         -              32
                                                     2025

   9    Pemahaman Shipping Document & Prosedur           9–18 Juni June 2025        Hasnur Gorup                    -         1              32
        Kepabeanan Dalam Transaksi Ekspor Impor

   10   Hasnur Primary Development Program (HLDP)        28–29 April 2025           Jhonson Indonesia               1         -              16

   11   Management System                                9–18 Juni June 2025        Hasnur Gorup                    1         -              32

   12   Hasnur Primary Development Program (HLDP)        15–23 September 2025       Hasnur Gorup                    1         -              40

   13   Hasnur Supervisory Development Program (HLDP) 24 April 2025                 KM&I (Hasnur)                   1         -              8

  14    Training Of Trainer                              22–25 Juli July 2025       PPM Manajemen                   1         -              32

   15   Certified Logistic Manager                       25 Februari February       PR Indonesia                    1         -              8
                                                         2025

   16   Generativ AI & Otomatisasi sebagai game          15–23 September 2025       Hasnur Gorup                    1         -              40
        Changer

   17   Hasnur Supervisory Development Program (HLDP) 19–20 Mei May 2025            YIPA                            1         -              16

   18   Internal Audit For New Internal Auditor          9–17 September 2025        Hasnur Gorup                    1         -              32

   19   Hasnur Primary Development Program (HLDP)        20–21 November 2025        DONPRO                          1         -              16

  20    Internal Auditor ISPS Code                       28–29 April 2025           Jhonson Indonesia               1         -              16

   21   Management System                                9–18 Juni June 2025        Hasnur Gorup                    1         -              32

  22    Hasnur Primary Development Program (HLDP)        29–1 Oktober October       Hasnur Gorup                    1         -              32
                                                         2025

  23    Hasnur Managerial Development Program            4 Juli July 2025           ULM Bjm                         1         -              9
        (HLDP)

  24    Basic Financial Accounting                       19–20 Mei May 2025         PT HIT                          1         -              16

  25    Basic HRM For The Beginners                      19–20 Mei May 2025         PT HIT                          1         -              16

  26    Basic HRM For The Beginners                      3 Maret March 2025         Hasnur Gorup                    -         1              8

  27    Business Intelegence                             26–28 Februari February    PT. Tri Bhakti Inspektama       1         -              24
                                                         2025

  28    Petroleum and Liquid Cargo Inspection            4 Juli July 2025           ULM Bjm                         -         1              9

  29    Basic Financial Accounting                       11–14 Maret March 2025     PPM Manajemen                   -         1              32

  30    Human Capital Management                         15–23 September 2025       Hasnur Gorup                    -         1              40

   31   Hasnur Supervisory Development Program           12–13 Agustus August       BKI Academy                     -         1              16
        (HLDP)                                           2025

  32    Internal Auditor ISM Code                        3 Maret March 2025         Hasnur Gorup                    -         1              9

  33    Business Intelegence                             12–14 November 2025        Business System                 -         1              24
                                                                                    Certifivation

  34    Internal Auditor ISO 9001:2015, ISO 14001:2015   7–15 Juli July 2025        Hasnur Gorup                    -         1              32
        dan ISO 45001:2018

  35    Hasnur Supervisory Development Program           14–15 Mei May 2025         Synergis T.C                    -         1              16
        (HLDP)

  36    General Affair Management                        9–17 September 2025        Hasnur Gorup                    -         1              32

  37    Hasnur Primary Development Program (HLDP)        3 Maret March 2025         Hasnur Gorup                    -         1              9

  38    Problem Solving: Design Thinking                 2–4 Juni June 2025         Pertamina Training Center       1         -              24

  39    Designated Person Ashore                         7–15 Juli July 2025        Hasnur Gorup                    -         1              32

  40    Hasnur Supervisory Development Program           24 April 2025              KM&I (Hasnur)                   1         -              8
        (HLDP)

   41   Training Of Trainer                              18–21 Agustus August       Port Academy                    1         -              32
                                                         2025

  42    Sertifikasi IMSBC                                28–29 April 2025           Jhonson Indonesia               1         -              16

  43    Management System                                16–19 September 2025       KHS EDUCATION                   1         -              16




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                                                                                                                Jumlah Peserta        Durasi Pelatihan
      Nama Program Pelatihan/Workshop                     Tanggal                      Penyelenggara           Total Participants           (Jam)
  No.
      Training/Workshop Program Name                      Date                         Organizer                                      Training Duration
                                                                                                                L/M         P/F            (Hours)

  44    IMBSC CODE                                        28–31 Juli July 2025         Port Academy               1          -               32

  45    Corporate Secretary A Risk-Based Approach to      29 Juli July 2025            Indonesia Corporate        1                          8
        ESG: Building Resilient Responsible Businesses                                 Secretary Association


Data Kompilasi Rata-rata Jam Pelatihan Karyawan berdasarkan Gender dan Tingkat Jabatan
Compiled Data on Average Employee Training Hours by Gender and Position Level

                                                                        Jumlah Peserta Pelatihan
         Tingkat Jabatan                                                Total Training Participants                    Durasi Pelatihan (Jam)
  No.
         Position Level                                                                                               Training Duration (Hours)
                                                                      L/M                          P/F

   1.    Division Head                                                 1                            0                                8

   2.    Department Head                                               4                            1                               106

   3.    Section Head                                                  3                            3                               156

   4.    Officer                                                       11                           8                             720

 Jumlah Total
                                                                       19                          12                             990
 Total Amount


Aspek Masyarakat                                                                 Community
Melalui setiap kegiatan bisnisnya, Perseroan berkomitmen                         Through each of its business activities, the Company is
menciptakan manfaat yang luas, baik secara ekonomi                               committed to creating broad benefits, both economically
maupun sosial, bagi para pemangku kepentingan. Hal ini                           and socially, for its stakeholders. This is part of its
merupakan bagian dari upaya mencapai kinerja usaha                               efforts to achieve sustainable business performance and
berkelanjutan serta memberikan kontribusi dan nilai                              provide contributions and added value to society.
tambah bagi masyarakat.

Sebagai perwujudan Tanggung Jawab Sosial dan                                     As a manifestation of Social and Environmental
Lingkungan (TJSL) yang diamanatkan Undang-Undang                                 Responsibility (TJSL) mandated by Law No. 40 of 2007
No. 40 Tahun 2007 tentang Perseroan Terbatas,                                    concerning Limited Liability Companies, the Company
Perseroan secara aktif menjalankan program Community                             actively implements Community Development programs.
Development. Program TJSL ini diarahkan untuk                                    These TJSL programs are aimed at encouraging sustainable
mendorong pembangunan ekonomi berkelanjutan guna                                 economic development to improve living standards and
meningkatkan taraf hidup dan kualitas lingkungan, baik                           environmental quality, both for the surrounding community
bagi masyarakat sekitar maupun publik secara luas.                               and the wider public.

Dampak Operasi terhadap Masyarakat Sekitar [OJK F.23]                            Impact of Operations on the Surrounding Community
                                                                                 [OJK F.23]


Perseroan menyadari bahwa aktivitas operasionalnya                               The Company recognizes that its operational activities
berpotensi menimbulkan dampak negatif terhadap                                   have the potential to cause negative impacts on the
lingkungan, yang juga dapat memengaruhi komunitas di                             environment, which can also affect the surrounding
sekitarnya. Oleh karena itu, Perseroan secara sistematis                         community. Therefore, the Company systematically
melakukan pengukuran dan penilaian risiko lingkungan,                            measures and assesses environmental risks and
serta mengidentifikasi sejumlah paparan risiko yang                              identifies a number of potential risks. These risks include
berpotensi merugikan. Risiko-risiko tersebut meliputi emisi                      emissions from energy consumption, waste generated
dari konsumsi energi, limbah yang dihasilkan dari kegiatan                       from operational activities, and disruption to marine
operasi, serta gangguan terhadap ekosistem laut akibat                           ecosystems due to the operation of the fleet. As a form
pengoperasian armada kapal. Sebagai bentuk komitmen                              of commitment to mitigate these impacts, the Company is
untuk memitigasi dampak-dampak tersebut, Perseroan                               committed to carrying out all shipping activities based on
berkomitmen untuk menjalankan seluruh kegiatan pelayaran                         the principles of environmental sustainability.
dengan prinsip ramah lingkungan secara berkelanjutan.

Pada aspek sosial, Perseroan menjalankan program-                                On the social aspect, the Company implements strategic
program strategis yang berfokus pada isu kemanusiaan                             programs that focus on humanitarian and health issues,
dan kesehatan, terutama dalam penanganan bencana alam                            especially in handling natural disasters and improving
dan peningkatan kesehatan masyarakat. Pelaksanaan                                public health. The implementation of these programs has
program ini telah memberikan dampak yang positif,                                had a positive impact, including improving the health and
termasuk peningkatan taraf kesehatan dan kesejahteraan                           welfare of the community, which in turn encourages the
masyarakat, yang turut mendorong pengembangan usaha                              sustainable development of the Company's business.
Perseroan secara berkelanjutan.

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Untuk    memaksimalkan     manfaat     yang   diberikan,   To maximize the benefits provided, the Company first
Perseroan terlebih dahulu melakukan asesmen awal           conducts an initial assessment to identify the potential
guna mengidentifikasi potensi serta kebutuhan mendasar     and basic needs of the surrounding community.
masyarakat sekitar. Seluruh program yang dijalankan        All  programs     implemented   are   then    evaluated
kemudian dievaluasi secara berkala untuk mengukur          periodically to measure their effectiveness. The
tingkat efektivitasnya. Perseroan meyakini bahwa           Company believes that improving the welfare of the
peningkatan kesejahteraan masyarakat merupakan             community is the foundation for sustainable growth,
fondasi bagi pertumbuhan yang berkelanjutan, sekaligus     while also building harmonious relationships between
membangun hubungan harmonis antara Perseroan dengan        the Company and the surrounding community.
masyarakat di sekitar.

Pengaduan Masyarakat [OJK F.24]                            Community Complaints [OJK F.24]
Perseroan memiliki Mekanisme Pengaduan Masyarakat          The Company has a Community Complaints Mechanism
yang dirancang khusus untuk menangani setiap keluhan       specifically designed to handle any complaints related
terkait dampak operasional secara cepat, transparan,       to operational impacts quickly, transparently, and fairly.
dan adil. Melalui mekanisme ini, masyarakat di sekitar     Through this mechanism, communities in the vicinity
area operasional dapat menyampaikan pengaduan, baik        of the operational area can submit complaints, either
langsung maupun melalui berbagai saluran komunikasi        directly or through various available communication
yang tersedia. Seluruh laporan akan diverifikasi dan       channels. All reports will be verified and followed up by the
ditindaklanjuti oleh tim Government Relation & Community   Government Relations & Community Development team,
Development, yang bertanggung jawab memastikan setiap      which is responsible for ensuring that every complaint is
pengaduan diselesaikan hingga tuntas.                      resolved completely.

Setiap pengaduan yang masuk ditangani dengan               Every complaint received is handled with a solution-
pendekatan yang berorientasi pada solusi, mengutamakan     oriented approach, prioritizing fairness and considering
keadilan serta mempertimbangkan kepentingan seluruh        the interests of all parties involved. The Company is
pihak yang terlibat. Perseroan berkomitmen memberikan      committed to providing clarity to the community regarding
kejelasan kepada masyarakat mengenai setiap langkah        every step taken. Each resolution process is reported
yang diambil. Setiap proses penyelesaian dilaporkan        periodically to management to monitor effectiveness and
secara berkala kepada manajemen untuk memantau             encourage continuous improvement.
efektivitas dan mendorong perbaikan yang berkelanjutan.

Perseroan juga aktif mensosialisasikan mekanisme           The Company also actively disseminates information about
pengaduan kepada masyarakat agar Masyarakat dapat          the complaint mechanism to the public so that they can
memahami hak dan prosedur dalam penyampaian keluhan        understand their rights and the procedures for submitting
kepada Perseroan. Selama tahun 2025, Perseroan             complaints to the Company. During 2025, the Company
tidak menerima/menerima satu pengaduan terkait             did not receive any complaints related to its assistance
program pemberian bantuan dan pengaduan tersebut           programs, and all complaints were resolved.
telah diselesaikan.

Kegiatan Tanggung Jawab Sosial Lingkungan (TJSL)           Social and Environmental Responsibility Activities
[OJK F.25]                                                 (TJSL) [OJK F.25]
Kegiatan Tanggung Jawab Sosial dan Lingkungan (TJSL)       The Company's Social and Environmental Responsibility
Perseroan merupakan bentuk kontribusi nyata terhadap       (TJSL) activities are a form of tangible contribution to the
masyarakat dan lingkungan sekitar, guna mendukung          community and the surrounding environment, in order to
capaian SDGs. Program TJSL Perseroan mengacu pada          support the achievement of SDGs. The Company's CSR
lima pilar utama kegiatan TJSL Hasnur Group, meliputi      program refers to the five main pillars of Hasnur Group's
pendidikan, lingkungan, sosial budaya, kesehatan,          CSR activities, including education, environment, socio-
ekonomi, dan infrastruktur. Program ini tidak hanya        culture, health, economy, and infrastructure. This program
berfokus pada pengembangan masyarakat di sekitar           not only focuses on community development in the
wilayah operasional, tetapi juga memperkuat peran          surrounding operational areas, but also strengthens the
perusahaan dalam menciptakan manfaat jangka panjang        company's role in creating long-term benefits in line with
yang sejalan dengan visi keberlanjutan.                    its sustainability vision.

Pelaksanaan program TJSL dikelola oleh Departemen          The implementation of the TJSL program is managed by
Government Relation & Community Development,               the Government Relations & Community Development
yang secara langsung menjalankan berbagai kegiatan         Department, which directly carries out various community
pemberdayaan      dan      peningkatan kesejahteraan       empowerment and welfare improvement activities,
masyarakat, dengan tujuan menciptakan dampak positif       with the aim of creating measurable and sustainable
yang terukur dan berkelanjutan.                            positive impacts.




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Sejalan dengan bisnis utama dan aktivitas sosial lingkungan                      In line with the Company's core business and social and
yang dijalankan Perseroan, prioritas kegiatan TJSL dan                           environmental activities, the priorities of TJSL activities
tautannya dalam mendukung TPB adalah sebagai berikut:                            and their linkages in supporting the SDGs are as follows:

        Kegiatan CSR                                         Dampak   Satuan Dampak       Alokasi Biaya    Periode Pelaksanaan
  No                                                                                                                                  SDGs
        CSR Activity                                         Impact   Impact Unit        Cost Allocation   Implementation Period

 Kegiatan Sosial Budaya Keagamaan
 Social, Cultural, and Religious Activities

   1    Jumat Berbagi Berkah                                  1.332   Orang              Rp399.491.000     Januari January–Desember
        Friday Sharing Blessings                                      People                               December 2025




   2    Hewan Qurban                                           750    Orang              Rp324.000.000     Juni June 2025
        Sacrificial Animals                                           People




   3    Santunan Panti Asuhan                                  300    Orang               Rp12.000.000     Januari January–Desember
        Donation to Orphanage                                         People                               December 2025




   4    Bina Lingkungan ke Majelis Kubah Basirih             90.000   Orang                Rp9.000.000     April-Desember December
        Environmental Development to the Basirih                      People                               2025
        Dome Council

   5    Bantuan Uang tunai untuk 16 Musala/Masjid              320    Orang               Rp16.000.000     Februari February 2025
        pada bulan Ramadhan di Desa Berangas Timur                    People
        Cash assistance for 16 prayer rooms/mosques
        during Ramadan in Berangas Timur Village


   6    Sumbangan Peringatan Isra Mi'raj                       300    Orang                Rp4.500.000     Januari January 2025
        Isra Mi'raj Commemoration Donation                            People

   7    HIS Berbagi Berkah Ramadan                             500    Orang               Rp26.950.000     Februari February 2025
        HIS Sharing Ramadan Blessings                                 People




   8    Paket Ramadan untuk Instansi                            50    Orang               Rp12.750.000     Maret March 2025
        Ramadan Package for Institutions                              People

   9    Sumbangan Peringatan Maulid                             150   Orang                 Rp1.500.000    September 2025
        Nabi Muhammad SAW                                             People
        Donation for the Commemoration of
        the Prophet Muhammad's Birthday

  10    Peringatan 10 Muharram 1447 H                           20    Orang                Rp5.855.500     Juli July 2025
        Commemoration of the 10th of Muharram 1447 H                  People

   11   Buka Puasa Bersama perwakilan warga sekitar             50    Orang                Rp4.255.000     Maret March 2025
        kantor HG Alalak dan anak yatim                               People
        Iftar with representatives of residents around the
        HG Alalak office and orphans

  12    Proposal Koramil Rantau Badauh perbaikan                 15   Orang                Rp1.000.000     Agustus August 2025
        tempat parkir                                                 People
        Proposal from the Rantau Badauh Military District
        Command for parking lot improvements

  13    Proposal Bedapatan Menwa Universitas                    50    Orang                Rp1.000.000     Juni June 2025
        Lambung Mangkurat                                             People
        Proposal for the Establishment of the Menwa
        Unit at Lambung Mangkurat University

  14    Proposal 17 Agustus Desa Keladan                        100   Orang                  Rp500.000     Agustus August 2025
        August 17 Proposal for Keladan Village                        People




  15    Proposal 17 Agustus Desa Berangas Timur                 100   Orang                  Rp500.000     Agustus August 2025
        August 17 Proposal for Berangas Timur Village                 People




  16    Proposal 17 Agustus Desa Bagus (Hero Inspire            100   Orang                 Rp1.500.000    Agustus August 2025
        Pemuda Bakti Banua)                                           People
        August 17 Proposal for Bagus Village
        (Hero Inspire Pemuda Bakti Banua)




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Highlights Performance                    Management Report                    Company Profile                        Management Discussion and Analysis




         Kegiatan CSR                                        Dampak   Satuan Dampak      Alokasi Biaya    Periode Pelaksanaan
  No                                                                                                                                      SDGs
         CSR Activity                                        Impact   Impact Unit       Cost Allocation   Implementation Period

  17     Bansos kolaborasi dengan Polairud Polda               100    Orang               Rp16.000.000    Mei May 2025
         di Desa Bagus                                                People
         Social assistance collaboration with the Regional
         Marine Police Unit in Bagus Village


  18     Bakti Sosial Hari Bhayangkara Polairud Polresta        50    Orang                Rp2.500.000    Juli July 2025
         Banjarmasin                                                  People
         Social Service Day of the Bhayangkara Marine
         Police of the Banjarmasin City Police Department


  19     Bakti Sosial HUT AL                                   100    Orang               Rp16.000.000    September 2025
         Social Service for the Navy Anniversary                      People




 Kegiatan Lingkungan
 Environmental Activities

   1     Nursery KM 01 HIS (Estimasi Total                    2.314   Pohon               Rp18.000.000    Januari January–Desember
         Tanaman dipelihara)                                          Trees                               December 2025
         Nursery KM 01 HIS (Estimated Total
         Plants Maintained)


   2     Penanaman Pohon                                       556    Pohon                        Rp-    Januari January–Desember
         Tree Planting                                                Trees                               December 2025




   3     Beach Clean Up                                        300    Kg Sampah            Rp1.000.000    Juni June 2025
                                                                      Kg Waste




   4     Clean River                                          1200    Kg Sampah            Rp1.000.000    Agustus August 2025
                                                                      Kg Waste




 Kegiatan Pendidikan
 Educational Activities

   1     Yayasan Raudhatul Jannah                              100    Orang             Rp300.000.000     Januari January–Desember
         Raudhatul Jannah Foundation                                  People                              December 2025

   2     Beasiswa HIS-Scholarship                                3    Orang              Rp25.000.000     Januari January–Desember
                                                                      People                              December 2025




   3     Lentera Indonesia di Desa Sungai Puting               200    Orang                Rp1.000.000    Mei May 2025
         Lentera Indonesia in Sungai Puting Village                   People




   4     Dies Natalis Politeknik Hasnur ke 13                  314    Orang                Rp5.000.000    Juni June 2025
         13th Anniversary of Hasnur Polytechnic                       People

 Kegiatan Kesehatan
 Health Activities

   1     Poliklinik Terapung                                   326    Orang                Rp8.522.000    Februari February,Mei May
         Floating Clinic                                              People                              & November 2025




   2     Program Pencegahan Stunting (Workshop                 281    Orang                Rp4.386.000    Juli July
         Stunting)                                                    People
         Stunting Prevention Program (Stunting
         Workshop)




Aspek Pelanggan                                                                Customer Aspect
Perseroan berkomitmen untuk memberikan produk dan                              The Company is committed to providing the best
layanan terbaik guna memastikan kepuasan pelanggan                             products and services to ensure maximum customer
secara maksimal. Perseroan memandang pelanggan                                 satisfaction. The Company views customers as one of




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sebagai salah satu pemangku kepentingan utama yang                 the key stakeholders that determine the Company's
menentukan dapat perkembangan dan keberlanjutan                    development and sustainability, as customer trust is key to
Perseroan, karena kepercayaan pelanggan menjadi kunci              maintaining the Company's business continuity.
dalam menjaga keberlangsungan usaha Perseroan.

Pelayanan yang Setara untuk Konsumen [OJK F.17]                    Equal Service for Consumers [OJK F.17]
Perseroan berkomitmen untuk menyediakan layanan yang               The Company is committed to providing equal service to
setara bagi semua konsumen, tanpa membeda-bedakan                  all consumers, regardless of the scale of their business or
skala usaha maupun lokasi operasi mereka. Dengan                   location of their operations. With 15 years of experience in
pengalaman 15 tahun di bidang transportasi sungai, laut,           river, sea, and logistics transportation, the Company has
dan logistik, Perseroan telah membentuk reputasi baik              built a reputation as a reliable partner that always prioritizes
sebagai mitra andal yang senantiasa mengedepankan                  quality, safety, and sustainability in every service.
kualitas, keselamatan, dan prinsip keberlanjutan dalam
setiap layanan.

Perseroan berupaya untuk selalu bisa memenuhi kebutuhan            The Company strives to always meet the evolving needs of
pelanggan yang terus berkembang, sekaligus memperkuat              its customers, while strengthening its corporate image. As
citra perusahaan. Sebagai bentuk dari realisasi komitmen           a realization of this commitment, the marketing strategy has
ini, strategi pemasaran telah diperbarui dengan fokus              been updated with a focus on providing the best service.
pada pemberian layanan terbaik. Implementasinya                    Its implementation includes the application of Minimum
mencakup penerapan Standar Pelayanan Minimal (SPM)                 Service Standards (SPM) in ports and ships in accordance
di pelabuhan dan kapal sesuai regulasi, peningkatan                with regulations, improvement of operational performance,
kinerja operasional, serta penjaminan keselamatan kerja di         and ensuring work safety in all areas of operation.
semua wilayah operasi.

Dengan mengedepankan pendekatan yang profesional,                  By prioritizing a professional, transparent, and expertise-
transparan, serta mengutamakan keahlian, kami senantiasa           driven approach, we are committed to providing
berkomitmen untuk memberikan layanan yang adil dan                 fair and high-quality services to all consumers.
berkualitas tinggi bagi seluruh konsumen.

Untuk menjaga kualitas layanan dan reputasi yang telah             To maintain the quality of service and reputation that has
terbangun dengan baik, Perseroan selalu terbuka untuk              been well established, the Company is always open to
berkomunikasi dengan pelanggan. Pelanggan dapat                    communicating with customers. Customers can submit
menyampaikan keluhan, masukan, kritik, maupun saran                complaints, feedback, criticism, or suggestions via e-mail:
melalui e-mail: corsec.his@hasnurgroup.com, call center            corsec.his@hasnurgroup.com, call center (+62) 21-2934-
(+62) 21-2934-3888, Contact Center melalui WhatsApp                3888, Contact Center through WhatsApp at (+62) 811-
di (+62) 811-8112-5932, atau melalui saluran komunikasi            8112-5932, or through other communication channels,
lainnya, termasuk di media sosial. Setiap laporan yang             including social media. Every report received is taken
diterima ditindaklanjuti dengan serius dan digunakan               seriously and used as material for internal evaluation. The
sebagai bahan evaluasi internal. Proses penyelesaian               complaint resolution process is specifically regulated in the
keluhan diatur secara khusus dalam kebijakan Standar Mutu          Company's Service Quality Standards policy. Until the end
Pelayanan Perseroan. Hingga akhir tahun 2025, Perseroan            of 2025, the Company has not received any complaints
tidak menerima laporan pengaduan dari pelanggan.                   from customers.

Inovasi dan Pengembangan Produk dan Layanan                        Sustainable Product and Service Innovation and
Berkelanjutan [OJK F.26]                                           Development [OJK F.26]
Dalam menjalankan kegiatan usaha transportasi laut dan             In carrying out its sea transportation and logistics activities,
logistik, Perseroan memanfaatkan teknologi mutakhir                the Company utilizes the latest technology across its
pada seluruh armada kapal guna menjamin koordinasi dan             entire fleet of ships to ensure effective coordination and
komunikasi yang efektif. Setiap kapal dilengkapi dengan            communication. Each ship is equipped with a GPS system
sistem GPS serta koneksi internet untuk memantau posisi            and internet connection to monitor its position in real-time
secara real-time dengan akurasi tinggi.                            with high accuracy.

Perseroan mengadopsi standar internasional, seperti                The Company adopts international standards, such as
ISO 9001:2015 untuk Sistem Manajemen Mutu, untuk                   ISO 9001:2015 for Quality Management Systems, to
menjaga kualitas operasional. Aspek keselamatan dan                maintain operational quality. The safety and health of the
kesehatan awak kapal dijamin melalui sertifikasi laik              crew is guaranteed through seaworthiness certifications
laut seperti Document of Compliance (DOC) dan Safety               such as the Document of Compliance (DOC) and
Management Certificate (SMC), serta penerapan ISM                  Safety Management Certificate (SMC), as well as the
Code yang berfokus pada keselamatan dan pencegahan                 implementation of the ISM Code which focuses on safety
pencemaran laut. Sebagai upaya mitigasi risiko polusi,             and the prevention of marine pollution. As a pollution risk




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Highlights Performance          Management Report              Company Profile               Management Discussion and Analysis




Perseroan menggunakan teknologi Oil Water Separator           mitigation effort, the Company uses Oil Water Separator
(OWS) untuk mencegah tumpahan minyak yang dapat               (OWS) technology to prevent oil spills that can damage the
merusak ekosistem laut.                                       marine ecosystem.

Inovasi dan pengembangan teknologi ini bertujuan              These technological innovations and developments aim to
meningkatkan kualitas layanan, menjamin keselamatan           improve service quality, ensure crew safety, and guarantee
awak kapal, dan memastikan kepuasan pelanggan. Selain         customer satisfaction. In addition, the Company always
itu, Perseroan senantiasa mematuhi Standar Pelayanan          complies with the Minimum Service Standards (SPM) in
Minimal (SPM) sesuai Peraturan Menteri Perhubungan            accordance with Minister of Transportation Regulations
Nomor PM 39 Tahun 2019 dan PM 62 Tahun 2019, yang             No. PM 39 of 2019 and PM 62 of 2019, which serve as the
menjadi landasan dalam memberikan layanan terbaik             basis for providing the best service to customers.
kepada pelanggan.

Selama tahun 2025, Perseroan telah melakukan inovasi          During 2025, the Company has carried out sustainable
produk dan jasa berkelanjutan, antara lain dengan             product and service innovations, including the use of BM
penggunaan BM B-40 pada seluruh kapal dan masih               B-40 on all ships and continues to operate 5 ships with
mengoperasikan 5 kapal dengan tambahan teknologi panel        additional solar panel technology. As of 31 December 2025,
suryal. Hingga 31 Desember 2025, Perseroan memiliki           the Company has 5 tugboats with solar panels.
5 kapal tugboat dengan solar panel.

Produk, Jasa, dan Layanan yang Aman [OJK F.27]                Safe Products, Services, and Operations [OJK F.27]
Sebagai wujud komitmen Perseroan terhadap pelanggan           As a manifestation of the Company's commitment to
dan awak kapal, Perseroan senantiasa mengutamakan             customers and crew, the Company always prioritizes the
pelayanan terbaik serta jaminan keselamatan dan               best service and safety and security guarantees. The
keamanan. Seluruh armada dipastikan memenuhi Standar          entire fleet is ensured to meet the applicable Minimum
Pelayanan Minimal (SPM) yang berlaku melalui perawatan        Service Standards (SPM) through routine maintenance of
rutin peralatan dan fasilitas, sehingga selalu berada dalam   equipment and facilities, so that it is always in optimal and
kondisi optimal dan laik fungsi.                              functional condition.

Untuk menjaga kualitas layanan dan aspek keselamatan,         To maintain service quality and safety aspects, the
Perseroan menggunakan seperangkat tolok ukur sebagai          Company uses a set of benchmarks as operational
pedoman operasional. Pedoman ini dirancang guna               guidelines. These guidelines are designed to provide
mewujudkan layanan yang aman, cepat, mudah diakses,           safe, fast, accessible, affordable, and measurable
terjangkau, dan terukur. Hingga akhir 2025, semua armada      services. By the end of 2025, all operating vessels will
kapal yang beroperasi telah menjalani pemeriksaan berkala     have undergone periodic inspections in accordance with
sesuai ketentuan yang berlaku.                                applicable regulations.

Dampak Produk/Jasa [OJK F.28]                                 Impact of Products/Services [OJK F.28]
Sebagai perusahaan yang menyediakan layanan                   As a company that provides river, sea, and logistics
transportasi sungai, laut, dan logistik, Perseroan memiliki   transportation services, the Company has a strategic
peran strategis dalam mendorong keberlanjutan rantai          role in promoting the sustainability of the supply chain in
pasok pada berbagai sektor, serta menciptakan dampak          various sectors and creating a significant positive impact
positif yang signifikan bagi aspek ekonomi, sosial,           on economic, social, and environmental aspects.
dan lingkungan.

Melalui produk dan jasanya, Perseroan meningkatkan            Through its products and services, the Company
efisiensi rantai pasok dengan distribusi yang andal dan       improves supply chain efficiency with reliable and timely
tepat waktu, terutama untuk komoditas seperti batu bara       distribution, especially for commodities such as coal
dan CPO. Layanan ini tidak hanya mendukung kelancaran         and CPO. These services not only support the smooth
operasi bisnis pelanggan, tetapi juga berkontribusi           operation of customers' businesses, but also contribute
terhadap pertumbuhan ekonomi lokal. Secara langsung,          to local economic growth. Directly, the Company's
operasional Perseroan menciptakan lapangan kerja, dan         operations create jobs, and indirectly, they open up
secara tidak langsung membuka peluang usaha bagi              business opportunities for supplier partners, logistics
mitra pemasok, penyedia jasa logistik, serta sektor-sektor    service providers, and related supporting sectors.
pendukung terkait.

Layanan Perseroan memperluas aksesibilitas hingga ke          The Company services expand accessibility to
wilayah-wilayah terpencil melalui distribusi komoditas        remote areas through the distribution of essential
penting yang memenuhi kebutuhan masyarakat. Dengan            commodities that meet the needs of the community.
melibatkan tenaga kerja dan pemasok lokal, Perseroan          By involving local workers and suppliers, the Company
juga berperan aktif dalam memberdayakan komunitas             also plays an active role in empowering surrounding
sekitar. Program-program ini tidak hanya membangun            communities. These programs not only build local
kapasitas lokal, tetapi juga menciptakan dampak sosial        capacity but also create a sustainable social impact.
yang berkelanjutan.


206                                                                                      PT Hasnur Internasional Shipping Tbk
Page 209
Tata Kelola Perusahaan                         Laporan Keberlanjutan
Good Corporate Governance                      Sustainability Report




Di sisi lain, Perseroan menyadari risiko lingkungan yang               On the other hand, the Company is aware of the
melekat pada industri pelayaran. Sebagai langkah proaktif,             environmental risks inherent in the shipping industry. As a
berbagai upaya telah diambil Perseroan untuk memitigasi                proactive measure, the Company has taken various steps
dampak negatif operasional. Penggunaan bahan bakar                     to mitigate the negative impacts of its operations. The
ramah lingkungan seperti B40 dan teknologi Oil Water                   use of environmentally friendly fuels such as B40 and Oil
Separator (OWS) merupakan bukti konkret komitmen                       Water Separator (OWS) technology is concrete evidence
Perseroan dalam menjaga kelestarian ekosistem laut.                    of the Company's commitment to preserving the marine
Kepatuhan terhadap standar internasional seperti ISM                   ecosystem. Compliance with international standards such
Code juga memastikan setiap armada beroperasi dengan                   as the ISM Code also ensures that every fleet operates
prinsip tanggung jawab lingkungan.                                     with the principle of environmental responsibility.

Seluruh produk dan layanan Perseroan dirancang untuk                   All of the Company's products and services are designed
mendukung keberlanjutan bisnis sekaligus memberikan nilai              to support business sustainability while providing long-
jangka panjang bagi para pemangku kepentingan. Dengan                  term value for stakeholders. By integrating operational
mengintegrasikan efisiensi operasional, pemberdayaan                   efficiency, social empowerment, and responsible
sosial, dan pengelolaan lingkungan yang bertanggung                    environmental management, we constantly strive to create a
jawab, kami senantiasa berupaya menciptakan dampak                     tangible positive impact in all of the Company's activities.
positif yang nyata dalam setiap aktivitas Perseroan.

Jumlah Produk yang Ditarik Kembali [OJK F.29]                          Number of Products Recalled [OJK F.29]
Pada tahun 2025, seluruh armada kapal Perseroan                        Throughout 2025, all of the Company's vessels
beroperasi sesuai dengan standar keamanan perkapalan                   have operated in accordance with shipping safety
dan memenuhi kriteria Standar Pelayanan Minimal (SPM)                  standards and meet the Minimum Service Standards
yang telah ditetapkan oleh Pemerintah. Tidak ada/ada                   (SPM) set by the Government. There were no
insiden pelarangan operasi kapal yang terjadi selama                   incidents of vessel operation bans during 2025.
tahun 2025.

Survei Kepuasan Pelanggan [OJK F.30]                                   Customer Satisfaction Survey [OJK F.30]
Pada tahun 2025, Perseroan melalui Departemen                          In 2025, the Company, through its Commercial & Fleet
Commercial & Fleet Management melaksanakan Customer                    Management Department, conducted a Customer
Satisfaction Survey sebagai bagian dari upaya pengukuran               Satisfaction Survey as part of its efforts to measure
tingkat kepuasan dan loyalitas pelanggan. Survei ini                   customer satisfaction and loyalty levels. The survey
dilaksanakan pada November 2025 menggunakan                            was conducted in November 2025 using a Microsoft
kuesioner berbasis Microsoft Form dengan partisipasi                   Form-based questionnaire with the participation of
sebanyak 14 pelanggan.                                                 14 customers.

Hasil survei menunjukkan skor kepuasan pelanggan sebesar               The survey results showed a customer satisfaction
8,94 (skala 1–10), yang merefleksikan penilaian positif                score of 8.94 (scale of 1–10), which reflects a positive
terhadap kualitas layanan Perseroan. Sementara itu, Net                assessment of the Company's service quality. Meanwhile,
Promoter Score (NPS) Perseroan pada tahun 2025 tercatat                the Company's Net Promoter Score (NPS) in 2025 has
mengalami penyesuaian dibandingkan tahun sebelumnya,                   adjusted compared to the previous year, in line with the
sejalan dengan bertambahnya basis pelanggan yang                       increase in the customer base served. However, the
dilayani. Kendati demikian, capaian NPS Perseroan masih                Company's NPS achievement is still above the average for
berada di atas rata-rata industri logistik dan transportasi,           the logistics and transportation industry, indicating a good
yang mengindikasikan tingkat loyalitas pelanggan yang baik             level of customer loyalty and a tendency for customers to
serta kecenderungan pelanggan untuk merekomendasikan                   recommend the Company's services to others.
layanan Perseroan kepada pihak lain.




Tanggapan terhadap Umpan Balik Laporan Keberlanjutan
Tahun Sebelumnya                       [OJK G.3]


Response to Feedback on the Previous Year's Sustainability Report


Tidak terdapat/terdapat umpan balik yang diterima                      The Company did not receive any feedback on the
Perseroan dari penerbitan Laporan Keberlanjutan                        publication of the 2025 Sustainability Report, so there
tahun 2025, sehingga tidak ada/ada tanggapan terhadap                  is no response to feedback that can be conveyed in
umpan balik yang dapat disampaikan pada laporan ini.                   this report.

Laporan Tahunan Annual Report 2025                                                                                             207
Page 210
Ikhtisar Kinerja                      Laporan Manajemen       Profil Perusahaan                        Analisis dan Pembahasan Manajemen
Highlights Performance                Management Report       Company Profile                          Management Discussion and Analysis




Lembar Umpan Balik                              [OJK G.2]


Feedback Form


Terima kasih atas kesediaan Bapak/Ibu/Saudara/Saudari untuk membaca Laporan Keberlanjutan PT Hasnur Internasional
Shipping Tbk tahun 2025. Untuk meningkatkan transparansi kinerja keberlanjutan dan sebagai bahan evaluasi dalam
penyusunan Laporan Keberlanjutan tahun berikutnya, kami mengharapkan kesediaan Bapak/Ibu/Saudara/Saudari untuk
mengisi Lembar Umpan Balik yang telah disiapkan dan mengirimkan kembali kepada kami melalui e-mail atau pos.

Thank you for taking the time to read the 2025 Sustainability Report of PT Hasnur Internasional Shipping Tbk. To enhance
transparency regarding sustainability performance and as a basis for evaluation in preparing the next Sustainability
Report, we kindly request your willingness to complete the Feedback Form provided and return it to us via email or post.

Silahkan pilih salah satu kelompok pemangku kepentingan yang paling mewakili Anda:
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Silahkan pilih salah satu kelompok pemangku kepentingan yang paling mewakili Anda:
Please select the stakeholder group that best represents you:

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      Regulator                                              Lain-lain | Others: ...................................................

Bagaimana penilaian Anda terhadap laporan ini:
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                                                                    (1=BURUK sampai dengan 5=SANGAT BAIK) |(1=POOR to 5=EXCELLENT)

 Parameter                                                                 1              2              3              4              5

 Dapat memenuhi kebutuhan informasi yang anda butuhkan
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208                                                                                               PT Hasnur Internasional Shipping Tbk
Page 211
Tata Kelola Perusahaan                                                 Laporan Keberlanjutan
Good Corporate Governance                                              Sustainability Report




Laporan ini terdiri dari bagian-bagian berikut:
This report consists of the following sections:


                                                                                                                     Apakah bagian ini bermanfaat/memuat informasi
 Bagian                                                    Apakah anda mengakses bagian ini?
                                                                                                                     yang mencukupi?
 Section                                                   Did you access this section?
                                                                                                                     Is this section useful/contains sufficient information?

 Strategi Keberlanjutan
 Sustainability Strategy

 Ikhtisar Kinerja Keberlanjutan
 Sustainability Performance Highlights

 Tata Kelola Keberlanjutan
 Sustainability Governance

 Kinerja Ekonomi Berkelanjutan
 Economic Sustainability Performance

 Kinerja Lingkungan Berkelanjutan
 Environmental Sustainability Performance

 Kinerja Sosial Berkelanjutan
 Social Sustainability Performance



Material aspek apa yang menurut Anda paling informatif dan bermanfaat?
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                                                                       Apakah data dan informasi yang disajikan cukup untuk kebutuhan informasi Anda?
 Aspek Keberlanjutan Material                                             Is the data and information presented sufficient for your information needs?
 Material Sustainability Aspects                                      Terlalu Banyak                                   Mencukupi                                   Terlalu Sedikit
                                                                        Too Much                                       Sufficient                                    Too Little

 Kinerja Ekonomi
 Economic Performance

 Kinerja Lingkungan Hidup
 Environmental Performance

 Kinerja Sosial
 Social Performance

 Kegiatan CSR
 CSR Activities

 Produk dan Jasa Berkelanjutan
 Sustainable Products and Services



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Please provide your suggestions/recommendations/comments on this report:

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Laporan Tahunan Annual Report 2025                                                                                                                                                            209
Page 212
Ikhtisar Kinerja                            Laporan Manajemen                        Profil Perusahaan                     Analisis dan Pembahasan Manajemen
Highlights Performance                      Management Report                        Company Profile                       Management Discussion and Analysis




Referensi Silang Surat Edaran Otoritas Jasa Keuangan No. 16/
SEOJK.04/2021
Cross-Reference To Financial Services Authority Circular No. 16/SEOJK.04/2021


 Keterangan Isi Laporan Tahunan                                                                                                                           Halaman
 Annual Report Contents                                                                                                                                    Page

 1    Laporan Tahunan paling sedikit memuat:                                           The Annual Report shall at least contain:

      a    ikhtisar data keuangan penting                                              key financial highlights                                            6-13

      b   informasi saham (jika ada)                                                   stock information (if any)                                          14-15

      c   laporan Direksi                                                              report of the Board of Directors                                    26-40

      d   laporan Dewan Komisaris                                                      report of the Board of Commissioners                                42-50

      e   profil Emiten atau Perusahaan Publik                                         profile of the Issuer or Public Company                             54-87

      f   analisis dan pembahasan manajemen                                            management discussion and analysis                                  88-111

      g   tata kelola Emiten atau Perusahaan Publik                                    corporate governance of the Issuer or Public Company               112-175

      h   tanggung jawab sosial dan lingkungan Emiten atau Perusahaan Publik           social and environmental responsibility of the Issuer or
                                                                                                                                                          176-207
                                                                                       Public Company

      i   laporan keuangan tahunan yang telah diaudit                                  audited financial statements for the year

      j   surat pernyataan anggota Direksi dan anggota Dewan Komisaris tentang         statement of members of the Board of Directors and members
          tanggung jawab atas Laporan Tahunan                                          of the Board of Commissioners regarding their responsibility        52-53
                                                                                       for the Annual Report

 2    Uraian Isi Laporan Tahunan                                                       Details of the Annual Report Content

      a   Ikhtisar Data Keuangan Penting                                               Key Financial Highlights
          Ikhtisar data keuangan penting memuat informasi keuangan yang                Summary of important financial data including financial
          disajikan dalam bentuk perbandingan selama 3 (tiga) tahun buku atau          information presented in the form of a comparison for 3 (three)
          sejak memulai usahanya jika Emiten atau Perusahaan Publik tersebut           financial years or since starting the business if the Issuer or
          menjalankan kegiatan usahanya kurang dari 3 (tiga) tahun, paling sedikit     Public Company has carried out its business activities for less
          memuat:                                                                      than 3 (three) years, at least containing:

          1    pendapatan/penjualan                                                    revenue/sales

          2    laba bruto                                                              gross profit

          3    laba (rugi)                                                             profit (loss)

          4    jumlah laba (rugi) yang dapat diatribusikan kepada pemilik entitas      profit (loss) attributable to owners of the parent and non-
               induk dan kepentingan nonpengendali                                     controlling interests

          5    total laba (rugi) komprehensif                                          total comprehensive profit (loss)

          6    jumlah laba (rugi) komprehensif yang dapat diatribusikan kepada         total comprehensive profit (loss) attributable to owners of the
               pemilik entitas induk dan kepentingan nonpengendali                     parent and non-controlling interests

          7    laba (rugi) per saham                                                   profit (loss) per share                                              7-9

          8    jumlah aset                                                             total assets

          9    jumlah liabilitas                                                       total liabilities

          10   jumlah ekuitas                                                          total equity

          11   rasio laba (rugi) terhadap jumlah aset                                  return on assets

          12   rasio laba (rugi) terhadap ekuitas                                      return on equity

          13   rasio laba (rugi) terhadap pendapatan/penjualan                         net profit margin

          14   rasio lancar                                                            current ratio

          15   rasio liabilitas terhadap ekuitas                                       liabilities to equity ratio

          16   rasio liabilitas terhadap jumlah aset                                   liabilities to assets ratio

          17   informasi dan rasio keuangan lainnya yang relevan dengan Emiten         other information and financial ratios relevant to the Issuer or
               atau Perusahaan Publik dan jenis industrinya                            Public Company and the type of industry

      b   Informasi Saham                                                              Stock Information

          Informasi saham bagi Perusahaan Terbuka paling sedikit memuat:               Information on the stock of the Public Company shall at least
                                                                                       contain:

          1    saham yang telah diterbitkan untuk setiap masa triwulan yang            shares that have been issued for each quarterly period
               disajikan dalam bentuk perbandingan selama 2 (dua) tahun buku           presented in the form of a comparison for the last 2 (two)           14
               terakhir, paling sedikit memuat:                                        financial years, containing at least:

               a    jumlah saham yang beredar                                          number of shares outstanding



210                                                                                                                   PT Hasnur Internasional Shipping Tbk
Page 213
Tata Kelola Perusahaan                                  Laporan Keberlanjutan
Good Corporate Governance                               Sustainability Report




 Keterangan Isi Laporan Tahunan                                                                                                                        Halaman
 Annual Report Contents                                                                                                                                 Page

              b    kapitalisasi pasar berdasarkan harga pada bursa efek tempat      market capitalization based on the price on the stock exchange
                   saham dicatatkan                                                 where the shares are listed

              c    harga saham tertinggi, terendah, dan penutupan berdasarkan       highest, lowest, and closing prices based on the stock
                   harga pada bursa efek tempat saham dicatatkan                    exchange where the shares are listed

              d    volume perdagangan      pada   bursa   efek   tempat   saham     volume of trading on the stock exchange where the shares are
                   dicatatkan                                                       listed

              Informasi dalam huruf b), huruf c) dan huruf d) hanya diungkapkan     Information in points b), c), and d) is only disclosed if the
              jika sahamnya tercatat di bursa efek                                  shares are listed on the stock exchange

          2   dalam hal terjadi aksi korporasi yang menyebabkan terjadinya          in the event of a corporate action that causes changes in
              perubahan pada saham, seperti pemecahan saham (stock split),          shares, such as stock splits, reverse stock, stock dividends,
              penggabungan saham (reverse stock), dividen saham, saham              bonus shares, changes in the par value of shares, issuance
              bonus, perubahan nilai nominal saham, penerbitan efek konversi,       of convertible securities, as well as capital additions and          15
              serta penambahan dan pengurangan modal, informasi saham               deductions, the share information as referred to in number 1)
              sebagaimana dimaksud pada angka 1) ditambahkan penjelasan             shall at least include an explanation regarding:
              paling sedikit mengenai:

              a    tanggal pelaksanaan aksi korporasi                               date of implementation of corporate action

              b    rasio pemecahan saham (stock split), penggabungan saham          stock split ratio, reverse stock, stock dividends, bonus shares,
                   (reverse stock), dividen saham, saham bonus, jumlah efek         number of convertible securities issued, and changes in the
                   konversi yang diterbitkan, dan perubahan nilai nominal saham     par value of the shares

              c    jumlah saham beredar sebelum dan sesudah aksi korporasi          number of shares outstanding prior to and after the corporate
                                                                                    action

              d    jumlah efek konversi yang dilaksanakan (jika ada)                number of convertible securities executed (if any)

              e    harga saham sebelum dan sesudah aksi korporasi                   share price before and after corporate action

          3   dalam hal terjadi penghentian sementara perdagangan saham             in the event of a temporary suspension of trading and/or
              (suspension) dan/atau pembatalan pencatatan saham (delisting)         delisting of shares in the financial year, the reasons for such
              dalam tahun buku, dijelaskan alasan penghentian sementara             suspension and/or delisting shall be provided                        15
              perdagangan saham (suspension) dan/atau pembatalan pencatatan
              saham (delisting) tersebut

          4   dalam hal penghentian sementara perdagangan saham                     in the event that the temporary suspension of trading as
              (suspension) sebagaimana dimaksud pada angka 3) dan/                  referred to in number 3) and/or the process of delisting of the
              atau proses pembatalan pencatatan saham (delisting) masih             shares is ongoing until the end of the Annual Report period, the
              berlangsung hingga akhir periode Laporan Tahunan, dijelaskan          actions taken to resolve the temporary suspension of trading         15
              tindakan yang dilakukan untuk menyelesaikan penghentian               and/or delisting of the shares must be detailed
              sementara perdagangan saham (suspension) dan/atau pembatalan
              pencatatan saham (delisting) tersebut

      c   Laporan Direksi                                                           Report of the Board of Directors                                    26-40

          1   Laporan Direksi paling sedikit memuat uraian singkat mengenai:        The Board of Directors' report shall at least contain a brief
                                                                                    description of:

              a    strategi dan kebijakan strategis Emiten atau Perusahaan Publik   the Issuer or Public Company's strategic strategies and
                                                                                    policies

              b    peranan Direksi dalam perumusan strategi dan kebijakan           roles of the Board of Directors in formulating strategies and
                   strategis Emiten atau Perusahaan Publik                          strategic policies of the Issuer or Public Company

              c    proses yang dilakukan Direksi untuk memastikan implementasi      processes carried out by the Board of Directors to ensure the
                   strategi Emiten atau Perusahaan Publik                           implementation of the Issuer or Public Company's strategy

              d    perbandingan antara hasil yang dicapai dengan yang               comparison between the results achieved with those targeted
                   ditargetkan Emiten atau Perusahaan Publik                        by the Issuer or Public Company

              e    kendala yang dihadapi Emiten atau Perusahaan Publik              constraints faced by the Issuer or Public Company

          2   gambaran tentang prospek usaha Emiten atau Perusahaan Publik          overview of the business prospects of the Issuer or
                                                                                    Public Company

          3   penerapan tata kelola Emiten atau Perusahaan Publik                   implementation of governance in the Issuer or Public Company

      d   Laporan Dewan Komisaris                                                   Report of the Board of Commissioners                                42-50

          Laporan Dewan Komisaris paling sedikit memuat uraian singkat              The Board of Commissioners' report shall at least contain a
          mengenai:                                                                 brief description of:

          1   penilaian terhadap kinerja Direksi mengenai pengelolaan Emiten        assessment of the performance of the Board of Directors
              atau Perusahaan Publik, termasuk pengawasan Dewan Komisaris           regarding the management of the Issuer or Public Company,
              dalam perumusan dan implementasi strategi Emiten atau                 including the supervision of the Board of Commissioners in the
              Perusahaan Publik yang dilakukan oleh Direksi                         formulation and implementation of the strategy of the Issuer or
                                                                                    Public Company carried out by the Board of Directors

          2   pandangan atas prospek usaha Emiten atau Perusahaan Publik            views on the business prospects of the Issuer or Public
              yang disusun oleh Direksi                                             Company prepared by the Board of Directors

          3   pandangan atas penerapan tata kelola Emiten atau Perusahaan           views on the implementation of governance in the Issuer or
              Publik                                                                Public Company

      e   Profil Emiten atau Perusahaan Publik                                      Issuer or Public Company's Profile




Laporan Tahunan Annual Report 2025                                                                                                                       211
Page 214
Ikhtisar Kinerja                            Laporan Manajemen                       Profil Perusahaan                      Analisis dan Pembahasan Manajemen
Highlights Performance                      Management Report                       Company Profile                        Management Discussion and Analysis




 Keterangan Isi Laporan Tahunan                                                                                                                             Halaman
 Annual Report Contents                                                                                                                                      Page

           Profil Emiten atau Perusahaan Publik paling sedikit memuat informasi:      The profile of the Issuer or Public Company shall contain at
                                                                                      least the following information:

           1    nama Emiten atau Perusahaan Publik termasuk apabila terdapat          name of the Issuer or Public Company, including whether there
                perubahan nama, alasan perubahan, dan tanggal efektif perubahan       has been a change of name, the reason for the change, and              56-57
                nama pada tahun buku                                                  the effective date of the name change in the financial year

           2    akses terhadap Emiten atau Perusahaan Publik termasuk kantor          access to the Issuer or Public Company including branch
                cabang atau kantor perwakilan yang memungkinkan masyarakat            offices or representative offices that allow the public to obtain
                                                                                                                                                              57
                dapat memperoleh informasi mengenai Emiten atau Perusahaan            information about the Issuer or Public Company, including:
                Publik, meliputi:

                a   alamat                                                            address

                b   nomor telepon                                                     phone number

                c   alamat surat elektronik                                           e-mail address

                d   alamat situs web                                                  website

           3    riwayat singkat Emiten atau Perusahaan Publik                         brief history of the Issuer or Public Company                          58-59

           4    visi dan misi Emiten atau Perusahaan Publik serta budaya              vision and mission of the Issuer or Public Company as well as
                                                                                                                                                             64-65
                perusahaan (corporate culture) atau nilai-nilai perusahaan            the corporate culture or values

           5    kegiatan usaha menurut anggaran dasar terakhir, kegiatan usaha        business activities according to the latest articles of
                yang dijalankan pada tahun buku, serta jenis barang dan/atau jasa     association, business activities carried out in the financial          66-67
                yang dihasilkan                                                       year, and types of goods and/or services produced

          6     wilayah operasional Emiten atau Perusahaan Publik; wilayah            the operational area of ​​the Issuer or Public Company;
                operasional merupakan wilayah atau daerah pelaksanaan kegiatan        operational area is defined as the extent to which the                  69
                operasional atau jangkauan dari kegiatan operasional perusahaan.      company's operational activities take place

          7     struktur organisasi Emiten atau Perusahaan Publik dalam bentuk        the organizational structure of the Issuer or Public Company
                bagan, paling sedikit sampai dengan struktur 1 (satu) tingkat         in the form of a chart, at least up to a structure of 1 (one) level
                di bawah Direksi termasuk komite di bawah Direksi (jika ada)          below the Board of Directors including committees under the            70-71
                dan komite di bawah Dewan Komisaris, disertai dengan nama             Board of Directors (if any) and committees under the Board of
                dan jabatan                                                           Commissioners, alongside the names and positions

          8     daftar keanggotaan asosiasi industri baik dalam skala nasional        list of memberships in industry associations both on a national
                maupun internasional yang berkaitan dengan penerapan keuangan         and international scale related to the implementation of                67
                berkelanjutan                                                         sustainable finance

          9     profil Direksi, paling sedikit memuat:                                profile of the Board of Directors, at least containing:                72-76

                a   nama dan jabatan yang sesuai dengan tugas dan tanggung            name and position in accordance with the duties and
                    jawab                                                             responsibilities

                b   foto terbaru                                                      latest photo

                c   usia                                                              age

                d   kewarganegaraan                                                   citizenship

                e   riwayat pendidikan dan/atau sertifikasi                           education history and/or certification

                f   riwayat jabatan, meliputi informasi:                              work experience, including information on:

                    (1) dasar hukum pengangkatan sebagai anggota Direksi pada         (1) the legal basis for appointment as a member of the Board
                        Emiten atau Perusahaan Publik yang bersangkutan                   of Directors of the Issuer or Public Company
                    (2) rangkap jabatan, baik sebagai anggota Direksi, anggota        (2) concurrent positions, either as a member of the Board of
                        Dewan Komisaris, dan/atau anggota komite serta                    Directors, a member of the Board of Commissioners, and/
                        jabatan lainnya baik di dalam maupun di luar Emiten atau          or a member of committees and other positions both inside
                        Perusahaan Publik                                                 and outside the Issuer or Public Company
                        Dalam hal anggota Direksi tidak memiliki rangkap jabatan,         In the event that a member of the Board of Directors does
                        maka diungkapkan mengenai hal tersebut                            not have concurrent positions, then this shall be disclosed
                    (3) pengalaman kerja beserta periode waktunya baik di dalam       (3) work experience and period of time both inside and outside
                        maupun di luar Emiten atau Perusahaan Publik                      the Issuer or Public Company

                g   hubungan afiliasi dengan anggota Direksi lainnya, anggota         affiliation with other members of the Board of Directors,
                    Dewan Komisaris, pemegang saham utama, dan pengendali             members of the Board of Commissioners, majority
                    baik langsung maupun tidak langsung sampai kepada                 shareholders, and controlling shareholders, either directly
                    pemilik individu, meliputi nama pihak yang terafiliasi.           or indirectly, to individual owners, including names of the
                                                                                      affiliated parties.

                    Dalam hal anggota Direksi tidak memiliki hubungan afiliasi,       In the event that a member of the Board of Directors does not
                    maka Emiten atau Perusahaan Publik mengungkapkan hal              have an affiliated relationship, the Issuer or Public Company
                    tersebut                                                          shall disclose this matter

                h   perubahan    komposisi    anggota   Direksi   dan   alasan        changes in the composition of the members of the Board of
                    perubahannya. Dalam hal tidak terdapat perubahan komposisi        Directors and reasons for such changes. In the event of no
                    anggota Direksi, maka diungkapkan mengenai hal tersebut           change in the composition of the members of the Board of
                                                                                      Directors, this shall be disclosed

           10   profil Dewan Komisaris, paling sedikit memuat:                        profile of the Board of Commissioners, at least containing:            77-80

                a   nama dan jabatan                                                  name and position

                b   foto terbaru                                                      latest photo

                c   usia                                                              age



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 Annual Report Contents                                                                                                                                 Page

               d   kewarganegaraan                                                  citizenship

               e   riwayat pendidikan dan/atau sertifikasi                          education history and/or certification

               f   riwayat jabatan, meliputi informasi:                             work experience, including information on:
                   (1) dasar hukum pengangkatan sebagai anggota Dewan               (1) the legal basis for appointment as a member of the Board
                       Komisaris                                                        of Commissioners of the Issuer or Public Company
                   (2) dasar hukum pengangkatan pertama kali sebagai anggota        (2) Legal basis for the first appointment as a member of
                       Dewan Komisaris yang merupakan komisaris independen              the Board of Commissioners who is an independent
                       pada Emiten atau Perusahaan Publik yang bersangkutan             commissioner of the Issuer or Public Company concerned;
                   (3) rangkap jabatan, baik sebagai anggota Dewan Komisaris,       (3) Concurrent positions, either as a member of the Board of
                       anggota Direksi, dan/atau anggota komite serta jabatan           Commissioners, a member of the Board of Directors, and/
                       lainnya baik di dalam maupun di luar Emiten atau                 or a member of committees and other positions both inside
                       Perusahaan Publik                                                and outside the Issuer or Public Company
                       Dalam hal anggota Dewan Komisaris tidak memiliki rangkap         In the event that a member of the Board of Commissioners
                       jabatan, maka diungkapkan mengenai hal tersebut                  does not have concurrent positions, then this shall be
                                                                                        disclosed
                   (4) pengalaman kerja beserta periode waktunya baik di dalam      (4) Work experience and period of time both inside and
                       maupun di luar Emiten atau Perusahaan Publik                     outside the Issuer or Public Company

               g   hubungan afiliasi dengan anggota Dewan Komisaris lainnya,        affiliation with other members of the Board of Commissioners,
                   pemegang saham utama, dan pengendali baik langsung               members of the Board of Directors, majority shareholders,
                   maupun tidak langsung sampai kepada pemilik individu,            and controlling shareholders, either directly or indirectly, to
                   meliputi nama pihak yang terafiliasi Dalam hal anggota Dewan     individual owners, including names of the affiliated parties.
                   Komisaris tidak memiliki hubungan afiliasi, maka Emiten atau     In the event that a member of the Board of Commissioners
                   Perusahaan Publik mengungkapkan hal tersebut                     does not have an affiliated relationship, the Issuer or Public
                                                                                    Company shall disclose this matter

               h   pernyataan independensi komisaris independen dalam hal           statement   of    independence      of the independent
                   komisaris independen telah menjabat lebih dari 2 (dua) periode   commissioner(s) should the independent commissioner(s)
                                                                                    have served more than 2 (two) terms

               i   perubahan komposisi anggota Dewan Komisaris dan alasan           changes in the composition of the members of the Board of
                   perubahannya. Dalam hal tidak terdapat perubahan komposisi       Commissioners and reasons for such changes. In the event of
                   anggota Dewan Komisaris, maka diungkapkan mengenai               no change in the composition of the members of the Board of
                   hal tersebut                                                     Commissioners, this shall be disclosed

          11   dalam hal terdapat perubahan susunan anggota Direksi dan/atau        in the event that there is a change in the composition of the
               anggota Dewan Komisaris yang terjadi setelah tahun buku berakhir     members of the Board of Directors and/or members of the
               sampai dengan batas waktu penyampaian Laporan Tahunan,               Board of Commissioners that occurs after the financial year
               susunan yang dicantumkan dalam Laporan Tahunan adalah                ends, up to the deadline for submitting the Annual Report, the       81
               susunan anggota Direksi dan/atau anggota Dewan Komisaris yang        compositions presented in the Annual Report are the current
               terakhir dan sebelumnya                                              and previous compositions of the members of the Board of
                                                                                    Directors and/or members of the Board of Commissioners

          12   jumlah karyawan menurut jenis kelamin, jabatan, usia, tingkat        number of employees by gender, position, age, education
               pendidikan, dan status ketenagakerjaan (tetap/kontrak) dalam         level, and employment status (permanent/contract) in the
                                                                                                                                                        81-82
               tahun buku                                                           financial year
               Pengungkapan informasi dapat disajikan dalam bentuk tabel            This information can be presented in tabulated format

          13   nama pemegang saham dan persentase kepemilikan pada awal             names of shareholders and percentages of ownership at the
               dan akhir tahun buku, yang terdiri dari informasi mengenai:          beginning and end of the financial year, consisting of the          83-84
                                                                                    following information regarding:

               a   pemegang saham yang memiliki 5% (lima persen) atau lebih         shareholders who own 5% (five percent) or more shares of the
                   saham Emiten atau Perusahaan Publik                              Issuer or Public Company

               b   anggota Direksi dan anggota Dewan Komisaris yang                 members of the Board of Directors and members of the
                   memiliki saham Emiten atau Perusahaan Publik. Dalam hal          Board of Commissioners who own shares in the Issuer or
                   seluruh anggota Direksi dan/atau seluruh anggota Dewan           Public Company. In the event that all members of the Board of
                   Komisaris tidak memiliki saham, maka diungkapkan mengenai        Directors and/or all members of the Board of Commissioners
                   hal tersebut                                                     do not own shares, this shall be disclosed

               c   kelompok pemegang saham masyarakat, yaitu kelompok               public shareholders, namely shareholders who each own
                   pemegang saham yang masing-masing memiliki kurang dari           less than 5% (five percent) of the shares of the Issuer or
                   5% (lima persen) saham Emiten atau Perusahaan Publik.            Public Company. This information can be presented in
                   Informasi di atas dapat disajikan dalam bentuk tabel             tabulated format

          14   persentase kepemilikan tidak langsung atas saham Emiten              percentage of indirect ownership of the shares of the Issuer
               atau Perusahaan Publik oleh anggota Direksi dan anggota              or Public Company by members of the Board of Directors and
               Dewan Komisaris pada awal dan akhir tahun buku, termasuk             members of the Board of Commissioners at the beginning and
               informasi mengenai pemegang saham yang terdaftar dalam               end of the financial year, including the shareholders registered
               daftar pemegang saham untuk kepentingan kepemilikan tidak            in the shareholder register for indirect ownership of interests
               langsung anggota Direksi dan anggota Dewan Komisaris                 by members of the Board of Directors and members of the
                                                                                                                                                         84
                                                                                    Board of Commissioners

               Dalam hal seluruh anggota Direksi dan/atau seluruh anggota Dewan     In the event that all members of the Board of Directors and/
               Komisaris tidak memiliki kepemilikan tidak langsung atas saham       or all members of the Board of Commissioners do not have
               Emiten atau Perusahaan Publik, maka diungkapkan mengenai hal         indirect ownership of the shares of the Issuer or Public
               tersebut                                                             Company, this shall be disclosed

          15   jumlah pemegang saham dan persentase kepemilikan per akhir           number of shareholders and the percentage of ownership at
                                                                                                                                                         84
               tahun buku berdasarkan klasifikasi:                                  the end of the financial year, classified by:

               a   kepemilikan institusi lokal                                      local institutional ownership

               b   kepemilikan institusi asing                                      foreign institutional ownership

               c   kepemilikan individu lokal                                       local individual ownership



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Highlights Performance                     Management Report                            Company Profile                           Management Discussion and Analysis




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 Annual Report Contents                                                                                                                                          Page

                d   kepemilikan individu asing                                            foreign individual ownership

           16   informasi mengenai pemegang saham utama dan pengendali                    information regarding the majority and controlling shareholders
                Emiten atau Perusahaan Publik, baik langsung maupun tidak                 of the Issuer or Public Company, either directly or indirectly,
                                                                                                                                                                  84
                langsung, sampai kepada pemilik individu, yang disajikan dalam            down to the individual owners, presented in the form of a
                bentuk skema atau bagan                                                   scheme or chart

           17   nama entitas anak, perusahaan asosiasi, perusahaan ventura                names of subsidiaries, associated entities, joint ventures
                bersama di mana Emiten atau Perusahaan Publik memiliki                    in which the Issuer or Public Company has joint control
                pengendalian bersama entitas (jika ada), beserta persentase               of the entities (if any), along with the percentages of share
                kepemilikan saham, bidang usaha, total aset, dan status operasi           ownership, lines of business, total assets, and operating status
                                                                                                                                                                  85
                entitas anak, perusahaan asosiasi, perusahaan ventura bersama             of the subsidiaries, associated entities, and joint ventures

                Untuk entitas anak, ditambahkan informasi mengenai alamat                 For subsidiaries, their addresses must be provided
                entitas anak tersebut

           18   kronologi pencatatan saham, jumlah saham, nilai nominal, dan              chronology of share listing, number of shares, par value, and
                harga penawaran dari awal pencatatan hingga akhir tahun buku              offering price from the beginning of listing to the end of the
                serta nama bursa efek di mana saham Emiten atau Perusahaan                financial year as well as the name of the stock exchange where
                Publik dicatatkan, termasuk pemecahan saham (stock split),                the shares of the Issuer or Public Company are listed, including
                                                                                                                                                                 85-86
                penggabungan saham (reverse stock), dividen saham, saham                  events of stock splits, reverse stock, stock dividends , bonus
                bonus, dan perubahan nilai nominal saham, pelaksanaan efek                shares, and changes in the par value of shares, issuance of
                konversi, pelaksanaan penambahan dan pengurangan modal                    convertible securities, capital additions and subtractions
                (jika ada)                                                                (if any)

           19   informasi pencatatan efek lainnya selain efek sebagaimana                 information on the listing of securities other than those referred
                dimaksud pada angka 18), yang belum jatuh tempo pada tahun                to in number 18), which have not matured in the financial year,
                buku paling sedikit memuat nama efek, tahun penerbitan, tingkat           at least containing the names of the securities, issuance year,         86
                suku bunga/imbal hasil, tanggal jatuh tempo, nilai penawaran, dan         interest rate/yield, maturity date, offering value, and ratings
                peringkat efek (jika ada)                                                 (if any)

           20 informasi penggunaan jasa akuntan publik (AP) dan kantor akuntan            information on the procurement of services from public
              publik (KAP) beserta jaringan/asosiasi/aliansinya meliputi:                 accountants and public accounting firms along with their                86
                                                                                          networks/associations/alliances, including:

                a   nama dan alamat                                                       names and addresses

                b   periode penugasan                                                     assignment periods

                c   informasi jasa audit dan/atau non-audit yang diberikan                information on audit and/or non-audit services rendered

                d   biaya jasa (fee) audit dan/atau non-audit untuk masing-masing         audit and/or non-audit fee for each assignment performed
                    penugasan yang diberikan selama tahun buku                            during the financial year

                e   dalam hal AP dan KAP beserta jaringan/asosiasi/aliansinya,            In the event that the appointed public accountants and public
                    yang ditunjuk tidak memberikan jasa non-audit, maka                   accounting firms and their networks/associations/alliances did
                    diungkapkan mengenai informasi tersebut                               not provide non-audit services, this shall be disclosed

                    Pengungkapan informasi penggunaan jasa AP dan KAP                     Disclosure of information on the procurement of services from
                    beserta jaringan/asosiasi/aliansinya dapat disajikan dalam            public accountants and public accounting firms along with
                    bentuk tabel                                                          their networks/associations/alliances can be presented in
                                                                                          tabulated format

           21   nama dan alamat lembaga dan/atau profesi penunjang pasar modal            names and addresses of capital market supporting institutions
                selain AP dan KAP                                                         and/or professions other than the public accountants and                87
                                                                                          public accounting firms

      f    Analisis dan Pembahasan Manajemen                                              Management Analysis and Discussion

           Analisis dan pembahasan manajemen memuat analisis dan pembahasan               Management's analysis and discussion contains analysis
           mengenai laporan keuangan dan informasi penting lainnya dengan                 and discussion of financial statements and other important
           penekanan pada perubahan material yang terjadi dalam tahun buku,               information with an emphasis on material changes that
           yaitu paling sedikit memuat:                                                   occurred in the financial year, which at least contains:

           1    tinjauan operasi per segmen usaha sesuai dengan jenis industri            review of operations for each business segment, according to
                Emiten atau Perusahaan Publik, paling sedikit mengenai:                   the type of industry of the Issuer or Public Company, at least         93-94
                                                                                          regarding:

                a   produksi, yang         meliputi    proses,       kapasitas,   dan     production, which includes the process, capacity, and
                    perkembangannya                                                       developments thereof

                b   pendapatan/penjualan                                                  revenue/sales

                c   profitabilitas                                                        profitability

           2    kinerja keuangan komprehensif yang mencakup perbandingan                  comprehensive financial performance, which includes a
                kinerja keuangan dalam 2 (dua) tahun buku terakhir, penjelasan            comparison of financial performance in the last 2 (two)
                tentang penyebab adanya perubahan dan dampak perubahan                    financial years, an explanation of the causes of the changes
                tersebut, paling sedikit mengenai:                                        and the impact of these changes, at least regarding:

                a   aset lancar, aset tidak lancar, dan total aset                        current assets, non-current assets, and total assets
                                                                                                                                                                 93-98
                b   liabilitas jangka pendek, liabilitas jangka panjang, dan total        current liabilities, non-current liabilities, and total liabilities
                    liabilitas

                c   ekuitas                                                               equity

                d   pendapatan/penjualan, beban, laba (rugi), penghasilan                 revenue/sales, expenses, profit (loss), other comprehensive
                    komprehensif lain, dan total laba (rugi) komprehensif                 income, and total comprehensive profit (loss)




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 Annual Report Contents                                                                                                                                   Page

               e   arus kas                                                          cash flows

          3    kemampuan membayar utang atau kewajiban dengan menyajikan             ability to pay debts or obligations, by presenting the
                                                                                                                                                         101-103
               perhitungan rasio yang relevan                                        calculations for the relevant ratios

          4    tingkat kolektibilitas piutang Emiten atau Perusahaan Publik dengan   collectibility of the Issuer or Public Company's receivables, by
                                                                                                                                                           102
               menyajikan perhitungan rasio yang relevan                             presenting the calculations for the relevant ratios

          5    struktur modal dan kebijakan manajemen atas struktur modal            capital structure and management policy on the capital
                                                                                                                                                         103-104
               tersebut disertai dasar penentuan kebijakan dimaksud                  structure along with the basis for determining such policy

          6    bahasan mengenai ikatan yang material untuk investasi barang          discussion of material commitments for capital goods
                                                                                                                                                           104
               modal dengan penjelasan paling sedikit memuat:                        investments, with the explanation containing at least:

               a   tujuan dari ikatan tersebut                                       purposes of commitments

               b   sumber dana yang diharapkan untuk memenuhi ikatan tersebut        expected sources of funding to fulfill such commitments

               c   mata uang yang menjadi denominasi                                 currencies in which such commitments are denominated

               d   langkah yang direncanakan Emiten atau Perusahaan Publik           measures planned by the Issuer or Public Company to take
                   untuk melindungi risiko dari posisi mata uang asing yang          to protect against the risk arising from the related foreign
                   terkait                                                           currency positions

          7    bahasan mengenai investasi barang modal yang direalisasikan           discussion of capital goods investments realized in the last
                                                                                                                                                         104-105
               dalam tahun buku terakhir, paling sedikit memuat:                     financial year, containing at least:

               a   jenis investasi barang modal                                      types of capital goods investments

               b   tujuan investasi barang modal                                     purposes of capital goods investments

               c   nilai investasi barang modal yang dikeluarkan                     amounts disbursed in capital goods investments

          8    informasi dan fakta material yang terjadi setelah tanggal laporan     material information and facts occurring after the date of the
                                                                                                                                                           104
               akuntan (jika ada)                                                    accountant's report (if any)

          9    prospek usaha dari Emiten atau Perusahaan Publik dikaitkan            business prospects of the Issuer or Public Company related to
               dengan kondisi industri, ekonomi secara umum dan pasar                the conditions in the relevant industry, the general economy,
                                                                                                                                                         105-106
               internasional disertai data pendukung kuantitatif dari sumber data    and the international market, accompanied by supporting
               yang layak dipercaya                                                  quantitative data from reliable sources

          10    perbandingan antara target/proyeksi pada awal tahun buku             comparison between the target/projection at the beginning of
                                                                                                                                                           106
               dengan hasil yang dicapai (realisasi), mengenai:                      the financial year with the results achieved, regarding:

               a   pendapatan/penjualan                                              revenue/sales

               b   laba (rugi)                                                       profit (loss)

               c   struktur modal (capital structure) atau                           capital structure or

               d   hal lainnya yang dianggap penting bagi Emiten atau                other matters deemed important to the Issuer or Public
                   Perusahaan Publik                                                 Company

          11   target/proyeksi yang ingin dicapai Emiten atau Perusahaan Publik      targets/projections to be achieved by the Issuer or Public
                                                                                                                                                           106
               untuk 1 (satu) tahun mendatang, mengenai:                             Company for the next 1 (one) year, regarding:

               a   pendapatan/penjualan                                              revenue/sales

               b   laba (rugi)                                                       profit (loss)

               c   struktur modal (capital structure)                                capital structure

               d   kebijakan dividen atau                                            dividend policy or

               e   hal lainnya yang dianggap penting bagi Emiten atau                other matters deemed important to the Issuer or Public
                   Perusahaan Publik                                                 Company

          12   aspek pemasaran atas barang dan/atau jasa Emiten atau                 marketing aspects of the goods and/or services of the Issuer
               Perusahaan Publik, paling sedikit mengenai strategi pemasaran         or Public Company, at least regarding marketing strategy and        106-107
               dan pangsa pasar                                                      market share

          13   uraian mengenai dividen selama 2 (dua) tahun buku terakhir, paling    description of dividends for the last 2 (two) financial years, at
                                                                                                                                                         107-108
               sedikit:                                                              least containing:

               a   kebijakan dividen, antara lain memuat informasi persentase        dividend policy, which includes information on the ratio of
                   jumlah dividen yang dibagikan terhadap laba bersih                dividends to net income

               b   tanggal pembayaran dividen kas dan/atau tanggal distribusi        cash dividend payment date and/or non-cash dividend
                   dividen non-kas                                                   distribution date

               c   jumlah dividen per saham (kas dan/atau non-kas)                   amount of dividend per share (cash and/or non-cash)

               d   jumlah dividen per tahun yang dibayar                             amount of dividends disbursed per year

               Pengungkapan informasi dapat disajikan dalam bentuk tabel             This information can be presented in tabulated format
               Dalam hal Emiten atau Perusahaan Publik tidak membagikan              In the event that the Issuer or Public Company did not distribute
               dividen dalam 2 (dua) tahun terakhir, maka diungkapkan mengenai       dividends in the last 2 (two) years, this shall be disclosed
               hal tersebut

          14   realisasi penggunaan dana hasil penawaran umum, dengan                realization of the use of public offering proceeds, by taking
                                                                                                                                                           109
               ketentuan:                                                            into consideration the following:




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 Annual Report Contents                                                                                                                                         Page

                a   dalam hal selama tahun buku, Emiten memiliki kewajiban               in the event that during the financial year the Issuer has an
                    menyampaikan laporan realisasi penggunaan dana, maka                 obligation to submit a report on the realization of the use of
                    diungkapkan realisasi penggunaan dana hasil penawaran                proceeds, then the realization of the cumulative use of the
                    umum secara kumulatif sampai dengan akhir tahun buku                 public offering proceeds shall be disclosed up to the end of
                                                                                         the financial year

                b   dalam hal terdapat perubahan penggunaan dana sebagaimana             in the event of a change in the use of proceeds, as stipulated
                    diatur dalam Peraturan Otoritas Jasa Keuangan mengenai               in the Regulation of the Financial Services Authority regarding
                    laporan realisasi penggunaan dana hasil penawaran umum,              the report on the realization of the use of public offering
                    maka Emiten menjelaskan perubahan tersebut                           proceeds, the Issuer shall explain such change

           15   informasi material (jika ada), antara lain mengenai investasi,           material information (if any), among others regarding
                ekspansi, divestasi, penggabungan/peleburan usaha, akuisisi,             investments, expansions, divestments, business mergers/
                restrukturisasi utang/modal, transaksi material, transaksi afiliasi,     consolidations, acquisitions, debt/capital restructurings,
                                                                                                                                                                 110
                dan transaksi benturan kepentingan, yang terjadi pada tahun buku,        material transactions, affiliated transactions, and transactions
                paling sedikit memuat:                                                   with conflict of interest which occurred during the financial
                                                                                         year, containing at least:

                a   tanggal, nilai, dan objek transaksi                                  dates, values, and objects of the transactions

                b   nama pihak yang melakukan transaksi                                  names of parties conducting the transactions

                c   sifat hubungan afiliasi (jika ada)                                   nature of the affiliations (if any)

                d   penjelasan mengenai kewajaran transaksi                              explanation of the fairness of the transactions

                e   pemenuhan ketentuan terkait                                          compliance with related provisions

                f   dalam hal terdapat hubungan afiliasi, selain mengungkapkan           in the event that there is an affiliation relationship, in addition
                    informasi sebagaimana dimaksud dalam huruf a) sampai                 to disclosing the information as referred to in letters a) to e)
                    dengan huruf e), Emiten atau Perusahaan Publik juga                  above, the Issuer or Public Company also shall disclose the
                    mengungkapkan informasi:                                             following:

                    (1) pernyataan Direksi bahwa transaksi afiliasi telah melalui        (1) a statement from the Board of Directors that the affiliated
                    prosedur yang memadai untuk memastikan bahwa transaksi               transactions have undergone adequate procedures to ensure
                    afiliasi dilaksanakan sesuai dengan praktik bisnis yang              that affiliated transactions have been carried out in accordance
                    berlaku umum antara lain dilakukan dengan memenuhi prinsip           with generally accepted business practices, among others, by
                    transaksi yang wajar (armslength principle)                          complying with the arms-length principle

                    (2) peran Dewan Komisaris dan komite audit dalam melakukan           (2) the roles of the Board of Commissioners and the audit
                    prosedur yang memadai untuk memastikan bahwa transaksi               committee in undertaking the adequate procedures to
                    afiliasi dilaksanakan sesuai dengan praktik bisnis yang              ensure that the affiliated transactions have been carried out
                    berlaku umum antara lain dilakukan dengan memenuhi prinsip           in accordance with generally accepted business practices,
                    transaksi yang wajar (armslength principle)                          among others, by complying with the arms-length principle

                g   untuk transaksi afiliasi atau transaksi material yang merupakan      for affiliated transactions or material transactions that are
                    kegiatan usaha yang dijalankan dalam rangka menghasilkan             business activities carried out in order to generate business
                    pendapatan usaha dan dijalankan secara rutin, berulang,              revenue and are carried out regularly, repeatedly, and/or
                    dan/atau berkelanjutan, ditambahkan penjelasan bahwa                 continuously, an explanation shall be added that the affiliated
                    transaksi afiliasi atau transaksi material tersebut merupakan        transactions or material transactions are related to business
                    kegiatan usaha yang dijalankan dalam rangka menghasilkan             activities carried out in order to generate business revenue
                    pendapatan usaha dan dijalankan secara rutin, berulang, dan/         and are carried out regularly, repeatedly, and/or continuously
                    atau berkelanjutan

                    Dalam hal transaksi afiliasi atau transaksi material dimaksud        In the event that the affiliated transactions or material
                    telah diungkapkan dalam laporan keuangan tahunan,                    transactions have been disclosed in the annual financial
                    ditambahkan informasi mengenai rujukan pengungkapan                  statements, an information regarding the reference to such
                    dalam laporan keuangan tahunan tersebut                              disclosure in the annual financial statements shall be provided

                h   untuk pengungkapan transaksi afiliasi dan/atau transaksi             for disclosure of affiliated transactions and/or conflict of
                    benturan kepentingan yang merupakan hasil pelaksanaan                interest transactions resulting from the implementation of
                    transaksi afiliasi dan/atau transaksi benturan kepentingan           affiliated transactions and/or conflict of interest transactions
                    yang telah disetujui pemegang saham independen,                      that have been approved by independent shareholders,
                    ditambahkan informasi mengenai tanggal pelaksanaan RUPS              additional information regarding the date of the GMS which
                    yang menyetujui transaksi afiliasi dan/atau transaksi benturan       approved the affiliated transactions and/or transactions with
                    kepentingan tersebut                                                 conflict of interest shall be provided

                i   dalam hal tidak terdapat transaksi afiliasi dan/atau transaksi       in the event of no affiliated transaction and/or transaction with
                    benturan kepentingan, maka diungkapkan mengenai hal                  conflict of interest, this shall be disclosed
                    tersebut

           16       perubahan ketentuan peraturan perundang-undangan yang                changes in the laws and regulations that bear a significant
                    berpengaruh signifikan terhadap Emiten atau Perusahaan               effect on the Issuer or Public Company and their impact on the          111
                    Publik dan dampaknya terhadap laporan keuangan (jika ada)            financial statements (if any)

           17       perubahan kebijakan akuntansi, alasan dan dampaknya                  changes in accounting policies, the reasons for such changes,
                                                                                                                                                                 111
                    terhadap laporan keuangan (jika ada)                                 and their impact on the financial statements (if any)

      g    Tata Kelola Emiten atau Perusahaan Publik                                     Governance of the Issuer or Public Company

           Tata kelola Emiten atau Perusahaan Publik paling sedikit memuat uraian        Details on the governance of the Issuer or Public Company
           singkat mengenai:                                                             must contain at least a brief explanation on:

           1    RUPS, paling sedikit memuat:                                             GMS, at least regarding:                                              120-130

                a   Informasi mengenai keputusan RUPS pada tahun buku dan                Resolutions of the GMS in the financial year and 1 (one) year
                    1 (satu) tahun sebelum tahun buku meliputi:                          prior to the financial year, including:




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Good Corporate Governance                             Sustainability Report




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 Annual Report Contents                                                                                                                               Page

                   (1) keputusan RUPS pada tahun buku dan 1 (satu) tahun         (1) resolutions of the GMS in the financial year and 1 (one) year
                   sebelum tahun buku yang direalisasikan pada tahun buku        before the financial year that were implemented in the financial
                                                                                 year

                   (2) keputusan RUPS pada tahun buku dan 1 (satu) tahun         (2) resolutions of the GMS in the financial year and 1 (one) year
                   sebelum tahun buku yang belum direalisasikan beserta alasan   before the financial year that were not implemented along with
                   belum direalisasikan                                          the reasons for not implementing them

              b    dalam hal Emiten atau Perusahaan Publik menggunakan           in the event that the Issuer or Public Company uses an
                   pihak independen dalam pelaksanaan RUPS untuk melakukan       independent party at the GMS to calculate the votes, then this
                   perhitungan suara, maka diungkapkan mengenai hal tersebut     matter shall be disclosed

          2        Direksi, paling sedikit memuat:                               Board of Directors, at least regarding:                             131-135

              a    tugas dan tanggung jawab masing-masing anggota Direksi        Duties and responsibilities of each member of the Board of
                   Informasi mengenai tugas dan tanggung jawab masing-           Directors
                   masing anggota Direksi diuraikan dan dapat disajikan dalam    This information shall be described and may be presented in
                   bentuk tabel                                                  tabulated format

              b    pernyataan bahwa Direksi memiliki pedoman atau piagam         statement that the Board of Directors has guidelines or charter
                   (charter) Direksi                                             of the Board of Directors

              c    kebijakan dan pelaksanaan frekuensi rapat Direksi, rapat      policy and implementation of the frequency of meetings of the
                   Direksi bersama Dewan Komisaris, dan tingkat kehadiran        Board of Directors, meetings of the Board of Directors with
                   anggota Direksi dalam rapat tersebut termasuk kehadiran       the Board of Commissioners, and the level of attendance of
                   dalam RUPS                                                    members of the Board of Directors in these meetings including
                   Informasi tingkat kehadiran anggota Direksi dalam rapat       attendance at the GMS
                   Direksi, rapat Direksi bersama Dewan Komisaris, atau RUPS     Level of attendance of members of the Board of Directors in
                   dapat disajikan dalam bentuk tabel                            meetings of the Board of Directors, meetings of the Board of
                                                                                 Directors with the Board of Commissioners, or the GMS, can
                                                                                 be presented in tabulated format

              d    pelatihan dan/atau peningkatan kompetensi anggota Direksi:    training and/or competence development for members of the
                                                                                 Board of Directors:

                   (1) kebijakan pelatihan dan/atau peningkatan kompetensi       (1) policy on training and/or competence development for
                   anggota Direksi, termasuk program orientasi bagi anggota      members of the Board of Directors, including an orientation
                   Direksi yang baru diangkat (jika ada) dan                     program for newly appointed members of the Board of
                                                                                 Directors (if any) and

                   (2) pelatihan dan/atau peningkatan kompetensi yang diikuti    (2) training and/or competence development programs
                   anggota Direksi dalam tahun buku (jika ada)                   attended by members of the Board of Directors in the financial
                                                                                 year (if any)

              e    penilaian Direksi terhadap kinerja komite yang mendukung      The Board of Directors' assessment of the performance of
                   pelaksanaan tugas Direksi pada tahun buku paling sedikit      the committees that support the implementation of the duties
                   memuat:                                                       of the Board of Directors in the financial year shall at least
                                                                                 contain:

              1    1) prosedur penilaian kinerja                                 1) performance appraisal procedure

              2    2) kriteria yang digunakan seperti capaian kinerja selama     2) criteria used, such as performance achievements during the
                   tahun buku, kompetensi dan kehadiran dalam rapat              financial year, competence and attendance at meetings

              f    dalam hal Emiten atau Perusahaan Publik tidak memiliki        in the event that the Issuer or Public Company does not have
                   komite yang mendukung pelaksanaan tugas Direksi, maka         a committee that supports the implementation of the duties of
                   diungkapkan mengenai hal tersebut                             the Board of Directors, then this shall be disclosed

          3        Dewan Komisaris, paling sedikit memuat:                       The Board of Commissioners, at least regarding:                     135-140

              a    tugas dan tanggung jawab Dewan Komisaris                      duties and responsibilities of the Board of Commissioners

              b    pernyataan bahwa Dewan Komisaris memiliki pedoman atau        statement that the Board of Commissioners has guidelines or
                   piagam (charter) Dewan Komisaris                              charter of the Board of Commissioners

              c    kebijakan dan pelaksanaan frekuensi rapat Dewan Komisaris,    policy and implementation of the frequency of meetings
                   rapat Dewan Komisaris bersama Direksi dan tingkat kehadiran   of the Board of Commissioners, meetings of the Board of
                   anggota Dewan Komisaris dalam rapat tersebut termasuk         Commissioners with the Board of Directors, and the level of
                   kehadiran dalam RUPS                                          attendance of members of the Board of Commissioners in
                   Informasi tingkat kehadiran anggota Dewan Komisaris dalam     these meetings, including attendance at the GMS
                   rapat Dewan Komisaris, rapat Dewan Komisaris bersama          Level of attendance of members of the Board of Commissioners
                   Direksi, atau RUPS dapat disajikan dalam bentuk tabel         at the meeting of the Board of Commissioners, the meeting of
                                                                                 the Board of Commissioners with the Board of Directors, or the
                                                                                 GMS can be presented in tabulated format

              d    pelatihan dan/atau peningkatan kompetensi anggota Dewan       training and/or competence development for members of the
                   Komisaris:                                                    Board of Commissioners:

                   (1) kebijakan pelatihan dan/atau peningkatan kompetensi       (1) policy on training and/or competence development for
                       anggota Dewan Komisaris, termasuk program orientasi           members of the Board of Commissioners, including an
                       bagi anggota Dewan Komisaris yang baru diangkat               orientation program for newly appointed members of the
                       (jika ada)                                                    Board of Commissioners (if any)

                   (2) pelatihan dan/atau peningkatan kompetensi yang diikuti    (2) training and/or competence development programs
                       anggota Dewan Komisaris dalam tahun buku (jika ada)           attended by members of the Board of Commissioners in
                                                                                     the financial year (if any)

              e    penilaian kinerja Direksi dan Dewan Komisaris serta masing-   performance appraisal of the Board of Directors and the Board
                   masing anggota Direksi dan anggota Dewan Komisaris, paling    of Commissioners as well as each member of the Board of
                   sedikit memuat:                                               Directors and the Board of Commissioners, at least containing:



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Highlights Performance                    Management Report                         Company Profile                      Management Discussion and Analysis




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 Annual Report Contents                                                                                                                                  Page

                    (1) prosedur pelaksanaan penilaian kinerja                        (1) performance appraisal procedures

                    (2) kriteria yang digunakan seperti capaian kinerja selama        (2) criteria used, such as performance achievements
                        tahun buku, kompetensi dan kehadiran dalam rapat                  during the financial year, competence, and attendance
                                                                                          at meetings

                    (3) pihak yang melakukan penilaian                                (3) the party conducting the assessment

               f    penilaian Dewan Komisaris terhadap kinerja Komite yang            The Board of Commissioners’ assessment of the performance
                    mendukung pelaksanaan tugas Dewan Komisaris pada tahun            of the Committees that support the implementation of the
                    buku meliputi:                                                    duties of the Board of Commissioners in the financial year,
                                                                                      including:

                    (1) prosedur penilaian kinerja                                    (1) performance appraisal procedures

                    (2) kriteria yang digunakan seperti capaian kinerja selama        (2) criteria used, such as performance achievements
                        tahun buku, kompetensi dan kehadiran dalam rapat                  during the financial year, competence, and attendance
                                                                                          at meetings

           4   Nominasi dan remunerasi Direksi dan Dewan Komisaris, paling            The nomination and remuneration of the Board of Directors
                                                                                                                                                        142-143
               sedikit memuat:                                                        and the Board of Commissioners shall at least contain:

               a    prosedur nominasi, meliputi uraian singkat mengenai kebijakan     nomination procedure, including a brief description of the
                    dan proses nominasi anggota Direksi dan/atau anggota Dewan        policy and process of nomination of members of the Board of
                    Komisaris                                                         Directors and/or members of the Board of Commissioners

               b    prosedur dan pelaksanaan remunerasi Direksi dan Dewan             procedures and implementation of remuneration for the Board
                    Komisaris, antara lain:                                           of Directors and the Board of Commissioners, among others:

                    (1) prosedur penetapan remunerasi Direksi dan Dewan               (1) procedures for determining remuneration for the Board of
                        Komisaris                                                         Directors and the Board of Commissioners

                    (2) struktur remunerasi Direksi dan Dewan Komisaris seperti,      (2) the remuneration structure of the Board of Directors and
                        gaji, tunjangan, tantiem/bonus dan lainnya                        the Board of Commissioners, such as salary, allowances,
                                                                                          tantiem/bonus and others

                    (3) besarnya remunerasi masing-masing anggota Direksi dan         (3) the amount of remuneration for each member of the Board
                        anggota Dewan Komisaris                                           of Directors and member of the Board of Commissioners

               Pengungkapan informasi dapat disajikan dalam bentuk tabel              Disclosure of information can be presented in tabulated format

           5   Dewan pengawas syariah, bagi Emiten atau Perusahaan Publik             The sharia supervisory board, should the Issuer or Public
               yang menjalankan kegiatan usaha berdasarkan prinsip syariah            Company carry out business activities based on sharia
                                                                                                                                                          N/A
               sebagaimana tertuang dalam anggaran dasar, paling sedikit              principles as stated in the articles of association, at least
               memuat:                                                                regarding:

               a    nama                                                              names

               b    dasar hukum pengangkatan dewan pengawas syariah                   legal basis for appointment

               c    periode penugasan dewan pengawas syariah                          term of office

               d    tugas dan tanggung jawab dewan pengawas syariah                   duties and responsibilities

               e    frekuensi dan cara pemberian nasihat dan saran serta              frequency and method of providing advice and suggestions as
                    pengawasan pemenuhan prinsip syariah di pasar modal               well as supervision of compliance with sharia principles in the
                    terhadap Emiten atau Perusahaan Publik                            capital market for the Issuer or Public Company

           6   Komite audit, paling sedikit memuat:                                   The audit committee, at least contains:                           145-150

               a    nama dan jabatannya dalam keanggotaan komite                      name and position in the committee membership

               b    usia                                                              age

               c    kewarganegaraan                                                   citizenship

               d    riwayat pendidikan                                                educational background

               e    riwayat jabatan, meliputi informasi:                              work experience, including information on:

                    (1) dasar hukum penunjukan sebagai anggota komite                 (1) legal basis for appointment as committee member

                    (2) rangkap jabatan, baik sebagai anggota Dewan Komisaris,        (2) concurrent positions, either as a member of the Board of
                        anggota Direksi, dan/atau anggota komite serta jabatan            Commissioners, a member of the Board of Directors, and/
                        lainnya (jika ada)                                                or a member of a committee as well as other positions (if
                                                                                          any)

                    (3) pengalaman kerja beserta periode waktunya baik di dalam       (3) work experience and time period both inside and outside
                        maupun di luar Emiten atau Perusahaan Publik                      the Issuer or Public Company

               f    periode dan masa jabatan anggota komite audit                     period and term of office of audit committee members

               g    pernyataan independensi komite audit                              audit committee independence statement

               h    pelatihan dan/atau peningkatan kompetensi yang telah diikuti      training and/or competence development programs attended
                    dalam tahun buku (jika ada)                                       in the financial year (if any)

               i    kebijakan dan pelaksanaan frekuensi rapat komite audit dan        policies and implementation of the frequency of audit
                    tingkat kehadiran anggota komite audit dalam rapat tersebut       committee meetings and level of attendance of audit
                                                                                      committee members in these meetings




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 Annual Report Contents                                                                                                                                 Page

              j    pelaksanaan kegiatan komite audit pada tahun buku sesuai       implementation of audit committee activities in the financial
                   dengan yang dicantumkan dalam pedoman atau piagam              year in accordance with those stated in the audit committee
                   (charter) komite audit                                         guidelines or charter

          7   komite atau fungsi nominasi dan remunerasi Emiten atau              Committee or function of nomination and remuneration of the
                                                                                                                                                         150
              Perusahaan Publik, paling sedikit memuat:                           Issuer or Public Company, at least regarding:

              a    nama dan jabatannya dalam keanggotaan komite                   name and position in the committee membership

              b    usia                                                           age

              c    kewarganegaraan                                                citizenship

              d    riwayat pendidikan                                             educational background

              e    riwayat jabatan, meliputi informasi:                           work experience, including information on:

                   (1) dasar hukum penunjukan sebagai anggota komite              (1) legal basis for appointment as committee member

                   (2) rangkap jabatan, baik sebagai anggota Dewan Komisaris,     (2) concurrent positions, either as a member of the Board of
                       anggota Direksi, dan/atau anggota komite serta jabatan         Commissioners, a member of the Board of Directors, and/
                       lainnya (jika ada)                                             or a member of a committee as well as other positions (if
                                                                                      any)

                   (3) pengalaman kerja beserta periode waktunya baik di dalam    (3) work experience and time period both inside and outside
                       maupun di luar Emiten atau Perusahaan Publik                   the Issuer or Public Company

              f    periode dan masa jabatan anggota komite                        term and term of office of committee members

              g    pernyataan independensi komite                                 committee independence statement

              h    pelatihan dan/atau peningkatan kompetensi yang telah diikuti   training and/or competence development attended in the
                   dalam tahun buku (jika ada)                                    financial year (if any)

              i    uraian tugas dan tanggung jawab                                description of duties and responsibilities

              j    pernyataan bahwa telah memiliki pedoman atau piagam            a statement that the committee has a guideline or charter
                   (charter)

              k    kebijakan dan pelaksanaan frekuensi rapat dan tingkat          policy and implementation of the frequency of meetings and
                   kehadiran anggota dalam rapat tersebut                         the level of attendance of members in the meetings

              l    uraian singkat pelaksanaan kegiatan pada tahun buku            brief description of the activities carried out in the financial
                                                                                  year

              m    dalam hal tidak dibentuk komite nominasi dan remunerasi,       in the event that no nomination and remuneration committee
                   Emiten atau Perusahaan Publik cukup mengungkapkan              is formed, the Issuer or Public Company shall disclose the
                   informasi sebagaimana dimaksud dalam huruf i) sampai           information as referred to in letter i) to letter l) and disclose:
                   dengan huruf l) dan mengungkapkan:

                   (1) alasan tidak dibentuknya komite                            (1) reasons for not forming the committee

                   (2) pihak yang melaksanakan fungsi nominasi dan remunerasi     (2) the party carrying out the nomination and remuneration
                                                                                  function

          8        komite lain yang dimiliki Emiten atau Perusahaan Publik        other committees in the Issuer or Public Company that support
                   dalam rangka mendukung fungsi dan tugas Direksi (jika ada)     the functions and duties of the Board of Directors (if any) and/
                                                                                                                                                         N/A
                   dan/atau komite yang mendukung fungsi dan tugas Dewan          or committees that support the functions and duties of the
                   Komisaris, paling sedikit memuat:                              Board of Commissioners, at least regarding:

              a    nama dan jabatannya dalam keanggotaan komite                   name and position in the committee membership

              b    usia                                                           age

              c    kewarganegaraan                                                citizenship

              d    riwayat pendidikan                                             educational background

              e    riwayat jabatan, meliputi informasi:                           work experience, including information on:

                   (1) dasar hukum penunjukan sebagai anggota komite              (1) legal basis for appointment as committee member

                   (2) rangkap jabatan, baik sebagai anggota Dewan Komisaris,     (2) concurrent positions, either as a member of the Board of
                       anggota Direksi, dan/atau anggota komite serta jabatan         Commissioners, a member of the Board of Directors, and/
                       lainnya (jika ada)                                             or a member of a committee as well as other positions (if
                                                                                      any)

                   (3) pengalaman kerja beserta periode waktunya baik di dalam    (3) work experience and time period both inside and outside
                       maupun di luar Emiten atau Perusahaan Publik                   the Issuer or Public Company

              f    periode dan masa jabatan anggota komite                        term and term of office of committee members

              g    pernyataan independensi komite                                 committee independence statement

              h    pelatihan dan/atau peningkatan kompetensi yang telah diikuti   training and/or competence development attended in the
                   dalam tahun buku (jika ada)                                    financial year (if any)

              i    uraian tugas dan tanggung jawab                                description of duties and responsibilities

              j    pernyataan bahwa telah memiliki pedoman atau piagam            statement that the committee has a committee guideline or
                   (charter) komite                                               charter




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Highlights Performance                     Management Report                         Company Profile                         Management Discussion and Analysis




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 Annual Report Contents                                                                                                                                      Page

                k   kebijakan dan pelaksanaan frekuensi rapat komite dan tingkat       policy and implementation of the frequency of committee
                    kehadiran anggota komite dalam rapat tersebut                      meetings and the level of attendance of committee members
                                                                                       in the meetings

                l   uraian singkat pelaksanaan kegiatan komite pada tahun buku         brief description of the activities carried out in the financial
                                                                                       year

           9    Sekretaris perusahaan, paling sedikit memuat:                          Corporate Secretary, at least regarding:                             151-153

                a   nama                                                               name

                b   domisili                                                           domicile

                c   riwayat jabatan, meliputi:                                         work experience, including:

                    (1) dasar hukum penunjukan sebagai sekretaris perusahaan           (1) legal basis for appointment as company secretary

                    (2) pengalaman kerja beserta periode waktunya baik di dalam        (2) work experience and time period both inside and outside
                        maupun di luar Emiten atau Perusahaan Publik                       the Issuer or Public Company

                d   riwayat pendidikan                                                 educational background

                e   pelatihan dan/atau peningkatan kompetensi yang diikuti dalam       training and/or competence development attended in the
                    tahun buku                                                         financial year

                f   uraian singkat pelaksanaan tugas sekretaris perusahaan pada        brief description of the implementation of the duties of the
                    tahun buku                                                         company secretary in the financial year

           10   Unit audit internal, paling sedikit memuat:                            Internal audit unit, at least regarding:                             154-159

                a   nama kepala unit audit internal                                    name of head of internal audit unit

                b   riwayat jabatan, meliputi:                                         work experience, including:

                    (1) dasar hukum penunjukan sebagai kepala unit audit internal      (1) legal basis for appointment as head of internal audit unit

                    (2) pengalaman kerja beserta periode waktunya baik di dalam        (2) work experience and time period both inside and outside
                        maupun di luar Emiten atau Perusahaan Publik                       the Issuer or Public Company

                c   kualifikasi atau sertifikasi sebagai profesi audit internal        qualification or certification in the internal audit profession
                    (jika ada)                                                         (if any)

                d   pelatihan dan/atau peningkatan kompetensi yang diikuti dalam       training and/or competence development attended in the
                    tahun buku                                                         financial year

                e   struktur dan kedudukan unit audit internal                         structure and position of the internal audit unit

                f   uraian tugas dan tanggung jawab                                    description of duties and responsibilities

                g   pernyataan bahwa telah memiliki pedoman atau piagam                statement that there is a guideline or charter of the internal
                    (charter) unit audit internal                                      audit unit

                h   uraian singkat pelaksanaan tugas unit audit internal pada          brief description of the implementation of the duties of the
                    tahun buku termasuk kebijakan dan pelaksanaan frekuensi            internal audit unit in the financial year including the policy and
                    rapat dengan Direksi, Dewan Komisaris, dan/atau komite audit       implementation of the frequency of meetings with the Board
                                                                                       of Directors, Board of Commissioners, and/or audit committee

           11   uraian mengenai sistem pengendalian internal (internal control)        description of the internal control system implemented by the
                yang diterapkan oleh Emiten atau Perusahaan Publik, paling sedikit     Issuer or Public Company, at least regarding:                        160-162
                memuat:

                a   pengendalian keuangan dan operasional, serta kepatuhan             financial and operational control, as well as compliance with
                    terhadap peraturan perundang-undangan lainnya                      other laws and regulations

                b   tinjauan atas efektivitas sistem pengendalian internal             review of the effectiveness of the internal control system

                c   pernyataan Direksi dan/atau Dewan Komisaris atas kecukupan         statement of the Board of Directors and/or Board of
                    sistem pengendalian internal                                       Commissioners on the adequacy of the internal control system

           12   sistem manajemen risiko yang diterapkan oleh Emiten atau               risk management system implemented by the Issuer or Public
                                                                                                                                                            162-164
                Perusahaan Publik, paling sedikit memuat:                              Company, at least regarding:

                a   gambaran umum mengenai sistem manajemen risiko Emiten              overview of the risk management system in the Issuer or
                    atau Perusahaan Publik                                             Public Company

                b   jenis risiko dan cara pengelolaannya                               types of risks and ways to manage them

                c   tinjauan atas efektivitas sistem manajemen risiko Emiten atau      review of the effectiveness of the risk management system
                    Perusahaan Publik

                d   pernyataan Direksi dan/atau Dewan Komisaris atau komite            statement from the Board of Directors and/or the Board of
                    audit atas kecukupan sistem manajemen risiko                       Commissioners or the audit committee on the adequacy of the
                                                                                       risk management system

           13   perkara hukum yang berdampak material yang dihadapi oleh               legal cases with a material impact involving the Issuer or
                Emiten atau Perusahaan Publik, entitas anak, anggota Direksi dan       Public Company, its subsidiaries, the members of the Board
                                                                                                                                                              165
                anggota Dewan Komisaris (jika ada), paling sedikit memuat:             of Directors and members of the Board of Commissioners (if
                                                                                       any), at least regarding:

                a   pokok perkara/gugatan                                              legal case/lawsuit matter

                b   status penyelesaian perkara/gugatan                                status of settlement



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Good Corporate Governance                               Sustainability Report




 Keterangan Isi Laporan Tahunan                                                                                                                             Halaman
 Annual Report Contents                                                                                                                                      Page

               c   pengaruhnya terhadap kondisi Emiten atau Perusahaan Publik       effect on the condition of the Issuer or Public Company

          14   informasi tentang sanksi administratif/sanksi yang dikenakan         information on administrative sanctions imposed on the Issuer
               kepada Emiten atau Perusahaan Publik, anggota Dewan Komisaris        or Public Company, members of the Board of Commissioners
               dan anggota Direksi, oleh Otoritas Jasa Keuangan dan otoritas        and members of the Board of Directors, by the Financial                   165
               lainnya pada tahun buku (jika ada)                                   Services Authority and other authorities in the financial year
                                                                                    (if any)

          15   informasi mengenai kode etik Emiten atau Perusahaan Publik           information on the code of ethics prevailing in the Issuer or
                                                                                                                                                            167-168
               meliputi:                                                            Public Company, including:

               a   pokok-pokok kode etik                                            code of ethics

               b   bentuk sosialisasi kode etik dan upaya penegakannya              dissemination of the code of ethics and enforcement
                                                                                    mechanisms

               c   pernyataan bahwa kode etik berlaku bagi anggota Direksi,         statement that the code of ethics applies to members of the
                   anggota Dewan Komisaris, dan karyawan Emiten atau                Board of Directors, members of the Board of Commissioners,
                   Perusahaan Publik                                                and employees of the Issuer or Public Company

          16   uraian singkat mengenai kebijakan pemberian kompensasi jangka        brief description of the policy of providing long-term
               panjang berbasis kinerja kepada manajemen dan/atau karyawan          performance-based compensation to management and/or
               yang dimiliki oleh Emiten atau Perusahaan Publik (jika ada),         employees of the Issuer or Public Company (if any), including
               antara lain berupa program kepemilikan saham oleh manajemen          the management stock ownership program (MSOP) and/or                    165-166
               (management stock ownership program/MSOP) dan/atau program           employee stock ownership program (ESOP)
               kepemilikan saham oleh karyawan (employee stock ownership
               program/ESOP)

               Dalam hal pemberian kompensasi berupa program kepemilikan            In the event that the compensation is provided in the form of
               saham oleh manajemen (management stock ownership program/            MSOP and/or ESOP, the information disclosed must at least
               MSOP) dan/atau program kepemilikan saham oleh karyawan               contain:
               (employee stock ownership program/ESOP), informasi yang
               diungkapkan paling sedikit memuat:

               a   jumlah saham dan/atau opsi                                       number of shares and/or options

               b   jangka waktu pelaksanaan                                         implementation period

               c   persyaratan karyawan dan/atau manajemen yang berhak              requirements     for   the    eligibility   of   employees    and/or
                                                                                    management

               d   harga pelaksanaan atau penentuan harga pelaksanaan               exercise price or determination thereof

          17   uraian singkat mengenai kebijakan pengungkapan informasi             brief description      of    the   information   disclosure   policy,
                                                                                                                                                              166
               mengenai:                                                            regarding:

               a   kepemilikan saham anggota Direksi dan anggota Dewan              share ownership of members of the Board of Directors and
                   Komisaris paling lambat 3 (tiga) hari kerja setelah terjadinya   members of the Board of Commissioners no later than 3
                   kepemilikan atau setiap perubahan kepemilikan atas saham         (three) working days after the occurrence of ownership or any
                   Perusahaan Terbuka                                               change in ownership of shares of a Public Company

               b   pelaksanaan atas kebijakan dimaksud                              implementation of said policy

          18   uraian mengenai sistem pelaporan pelanggaran (whistleblowing         description of the whistleblowing system prevailing in the
                                                                                                                                                            168-170
               system) di Emiten atau Perusahaan Publik, paling sedikit memuat:     Issuer or Public Company, at least regarding:

               a   cara penyampaian laporan pelanggaran                             mechanism for reporting submission

               b   perlindungan bagi pelapor                                        protection for whistleblowers

               c   penanganan pengaduan                                             handling of complaints/reports

               d   pihak yang mengelola pengaduan                                   party managing the reports

               e   hasil dari penanganan pengaduan, paling sedikit:                 results of the handling of complaints/reports, at least:

                   (1) jumlah pengaduan yang masuk dan diproses dalam tahun         (1) the number of reports received and processed in the
                       buku                                                             financial year

                   (2) tindak lanjut pengaduan                                      (2) follow-up to the reports.

               Dalam hal Emiten atau Perusahaan Publik tidak memiliki               In the event that the Issuer or Public Company does not have a
               sistem pelaporan pelanggaran (whistleblowing system), maka           whistleblowing system, then this shall be disclosed
               diungkapkan mengenai hal tersebut

          19   uraian mengenai kebijakan antikorupsi Emiten atau Perusahaan         description of the anti-corruption policy of the Issuer or Public
                                                                                                                                                            170-171
               Publik, paling sedikit memuat:                                       Company, at least regarding:

               a   program dan prosedur yang dilakukan dalam mengatasi              programs and procedures carried out to address practices of
                   praktik korupsi, balas jasa (kickbacks), fraud, suap dan/atau    corruption, kickbacks, fraud, bribery and/or gratuities in the
                   gratifikasi dalam Emiten atau Perusahaan Publik                  Issuer or Public Company

               b   pelatihan/sosialisasi anti korupsi kepada karyawan Emiten        anti-corruption training/dissemination thereof to employees of
                   atau Perusahaan Publik                                           the Issuer or Public Company

               Dalam hal Emiten atau Perusahaan Publik tidak memiliki kebijakan     In the event that the Issuer or Public Company does not have
               anti korupsi, maka dijelaskan alasan tidak dimilikinya kebijakan     an anti-corruption policy, the reasons for not having said
               dimaksud                                                             policy shall be provided




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Highlights Performance                      Management Report                       Company Profile                        Management Discussion and Analysis




 Keterangan Isi Laporan Tahunan                                                                                                                           Halaman
 Annual Report Contents                                                                                                                                    Page

           20 penerapan atas pedoman tata kelola Perusahaan Terbuka bagi              implementation of the guidelines for the governance of issuers
              Emiten yang menerbitkan efek bersifat ekuitas atau Perusahaan           and public companies, including:                                    171-174
              Publik, meliputi:

               a    pernyataan mengenai rekomendasi yang telah dilaksanakan           a statement regarding the recommendations that have been
                    dan/atau                                                          implemented and/or

               b    penjelasan atas rekomendasi yang belum dilaksanakan,              an explanation of the recommendations that have not
                    disertai alasan dan alternatif pelaksanaannya (jika ada)          been implemented, along with reasons and alternative
                                                                                      implementations (if any)

               Pengungkapan informasi dapat disajikan dalam bentuk tabel              This information can be presented in tabulated format

      h    Tanggung Jawab Sosial dan Lingkungan Emiten atau Perusahaan Publik         Issuer or Public Company's               Corporate   Social   and
                                                                                      Environmental Responsibility

           1   Informasi yang diungkapkan dalam bagian tanggung jawab sosial          Information disclosed in the corporate social and environmental
               dan lingkungan merupakan Laporan Keberlanjutan (Sustainability         responsibility chapter shall be the Sustainability Report as
               Report) sebagaimana dimaksud dalam Peraturan Otoritas Jasa             referred to in the Financial Services Authority Regulation
                                                                                                                                                             v
               Keuangan Nomor 51/POJK.03/2017 tentang Penerapan Keuangan              No. 51/POJK.03/2017 on the Implementation of Sustainable
               Berkelanjutan bagi Lembaga Jasa Keuangan, Emiten, dan                  Finance for Financial Services Institutions, Issuers, and Public
               Perusahaan Publik, paling sedikit memuat:                              Companies, and the report shall contain at least:

               a    penjelasan strategi keberlanjutan                                 explanation of sustainability strategy

               b    ikhtisar aspek keberlanjutan (ekonomi, sosial, dan lingkungan     overview of sustainability aspects (economic, social, and
                    hidup)                                                            environmental)

               c    profil singkat Emiten atau Perusahaan Publik                      brief profile of the Issuer or Public Company

               d    penjelasan Direksi                                                explanation by the Board of Directors

               e    tata kelola keberlanjutan                                         sustainability governance

               f    kinerja keberlanjutan                                             sustainability performance

               g    verifikasi tertulis dari pihak independen, jika ada               written verification from an independent party, if any

               h    lembar umpan balik (feedback) untuk pembaca, jika ada             feedback sheet for readers, if any

               i    tanggapan Emiten atau Perusahaan Publik terhadap umpan            Issuer or Public Company's response to the previous year's
                    balik laporan tahun sebelumnya                                    report feedback

           2   Laporan Keberlanjutan sebagaimana dimaksud pada angka 1),              Sustainability Report as referred to in number 1) shall be
               harus disusun sesuai Pedoman Teknis Penyusunan Laporan                 prepared in accordance with the Technical Guidelines for the
               Keberlanjutan (Sustainability Report) Bagi Emiten dan Perusahaan       Preparation of Sustainability Reports for Issuers and Public
                                                                                                                                                             v
               Publik sebagaimana tercantum dalam Lampiran II yang merupakan          Companies, as contained in Appendix II of this Circular of the
               bagian tidak terpisahkan dari Surat Edaran Otoritas Jasa               Financial Services Authority
               Keuangan ini

          3    informasi Laporan Keberlanjutan (Sustainability Report) pada           information on the Sustainability Report in number 1) may:
                                                                                                                                                             v
               angka 1) dapat:

               a    diungkapkan pada bagian lain yang relevan di luar bagian          disclosed in other relevant sections outside of the social and
                    tanggung jawab sosial dan lingkungan, seperti penjelasan          environmental responsibility section, such as the Directors'
                    Direksi terkait Laporan Keberlanjutan diungkapkan dalam           explanation regarding the Sustainability Report disclosed in
                    bagian terkait Laporan Direksi dan/atau                           the section related to the Directors' Report and/or

               b    merujuk pada bagian lain di luar bagian tanggung jawab sosial     refer to other sections outside the social and environmental
                    dan lingkungan dengan tetap mengacu pada Pedoman Teknis           responsibility section while still referring to the Technical
                    Penyusunan Laporan keberlanjutan (Sustainability Report)          Guidelines for the Preparation of Sustainability Reports for
                    Bagi Emiten dan Perusahaan Publik sebagaimana tercantum           Issuers and Public Companies as listed in Appendix II which
                    alam Lampiran II yang merupakan bagian tidak terpisahkan          is an integral part of this Financial Services Authority Circular
                    dari Surat Edaran Otoritas Jasa Keuangan ini, seperti profil      Letter, such as profiles Issuer or Public Company
                    Emiten atau Perusahaan Publik

          4    Laporan Keberlanjutan (Sustainability Report) sebagaimana              The Sustainability Report as referred to in number 1) is an
               dimaksud pada angka 1) merupakan bagian yang tidak terpisahkan         inseparable part of the Annual Report, however it may be
                                                                                                                                                             v
               dari Laporan Tahunan namun dapat disajikan secara terpisah             presented separately from the Annual Report
               dengan Laporan Tahunan

          5    Dalam hal Laporan Keberlanjutan disajikan secara terpisah dengan       In the event that the Sustainability Report is presented
               Laporan Tahunan, informasi yang diungkapkan dalam Laporan              separately from the Annual Report, the information disclosed           v
               Keberlanjutan dimaksud harus:                                          in the Sustainability Report shall:

               a    memuat seluruh informasi sebagaimana dimaksud pada angka          contain all the information as referred to in number 1)
                    1)

               b    disusun sesuai Pedoman Teknis Penyusunan Laporan                  be prepared in accordance with the Technical Guidelines
                    Keberlanjutan (Sustainability Report) Bagi Emiten dan             for the Preparation of Sustainability Reports for Issuers and
                    Perusahaan Publik sebagaimana tercantum dalam Lampiran II         Public Companies as listed in Appendix II of this Circular of the
                    yang merupakan bagian tidak terpisahkan dari Surat Edaran         Financial Services Authority
                    Otoritas Jasa Keuangan ini

           6   Dalam hal Laporan Keberlanjutan disajikan secara terpisah dengan       In the event that the Sustainability Report is presented
               Laporan Tahunan, maka dalam bagian tanggung jawab sosial dan           separately from the Annual Report, then the social and
               lingkungan memuat informasi bahwa informasi mengenai tanggung          environmental responsibility section shall state that the
                                                                                                                                                             v
               jawab sosial dan lingkungan telah diungkapkan dalam Laporan            information regarding social and environmental responsibility
               Keberlanjutan yang disajikan secara terpisah dari Laporan Tahunan      is disclosed in the Sustainability Report presented separately
                                                                                      from the Annual Report



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Tata Kelola Perusahaan                                      Laporan Keberlanjutan
Good Corporate Governance                                   Sustainability Report




 Keterangan Isi Laporan Tahunan                                                                                                                        Halaman
 Annual Report Contents                                                                                                                                 Page

           7   Penyampaian Laporan Keberlanjutan (Sustainability Report)            Submission of the Sustainability Report which is presented
               yang disajikan secara terpisah dengan Laporan Tahunan harus          separately from the Annual Report must be done together with              v
               disampaikan bersamaan dengan penyampaian Laporan Tahunan             the submission of the Annual Report

       i   Laporan Keuangan Tahunan yang Telah Diaudit                              Audited Financial Statements for the Year
           Laporan keuangan tahunan yang dimuat dalam Laporan Tahunan disusun       The financial statements contained in the Annual Report shall
           sesuai dengan standar akuntansi keuangan di Indonesia dan telah          be prepared in accordance with the financial accounting
           diaudit oleh akuntan publik yang terdaftar di Otoritas Jasa Keuangan.    standards prevailing in Indonesia and have been audited by
           Laporan keuangan tahunan dimaksud memuat pernyataan mengenai             a public accountant registered with the Financial Services
           pertanggungjawaban atas laporan keuangan sebagaimana diatur dalam        Authority. Said annual financial statements shall contain
           Peraturan Otoritas Jasa Keuangan mengenai tanggung jawab Direksi         a statement regarding the accountability for the financial
           atas laporan keuangan atau peraturan perundang-undangan di sektor        statements as regulated in the Financial Services Authority
           pasar modal yang mengatur mengenai laporan berkala perusahaan efek       Regulation on the responsibility of the Board of Directors for
           dalam hal Emiten merupakan perusahaan efek                               financial reporting, or the laws and regulations in the capital
                                                                                    market which regulate the periodic reporting of securities
                                                                                    companies, in the event that the Issuer is a securities company

       j   Surat Pernyataan Anggota Direksi dan Anggota Dewan Komisaris             Statement Letter of Members of the Board of Directors
           tentang Tanggung Jawab atas Laporan Tahunan                              and Members of the Board of Commissioners regarding
                                                                                    Responsibility for the Annual Report
           Surat pernyataan anggota Direksi dan anggota Dewan Komisaris             The statement letter from members of the Board of Directors
           tentang tanggung jawab atas Laporan Tahunan disusun sesuai dengan        and members of the Board of Commissioners regarding the
           format Surat Pernyataan Anggota Direksi dan Anggota Dewan Komisaris      responsibility for the Annual Report shall be prepared in
           tentang Tanggung Jawab atas Laporan Tahunan sebagaimana                  accordance with the prescribed format provided in Appendix I
           tercantum dalam Lampiran I yang merupakan bagian tidak terpisahkan       of this Circular of the Financial Services Authority
           dari Surat Edaran Otoritas Jasa Keuangan ini




Daftar Pengungkapan Sesuai POJK 51/2017 tentang
Penerapan Keuangan Berkelanjutan Bagi Lembaga Jasa
Keuangan, Emiten dan Perusahaan Publik                                                                    [OJK G.4]


Disclosure List in Accordance with POJK 51/2017 Concerning the Implementation of
Sustainable Finance for Financial Services Institutions, Issuers and Public Companies


 No. indeks Nama Indeks                                                                                                                          Halaman
 Index No. Index Name                                                                                                                             Page

 A. Strategi Keberlanjutan | Sustainability Strategy

 A.1           Penjelasan Strategi Keberlanjutan
                                                                                                                                                  179-181
               Explanation of Sustainability Strategy

 B. Ikhtisar Kinerja Aspek Keberlanjutan | Overview of Sustainability Performance

 B.1           Aspek Ekonomi
                                                                                                                                                       178
               Economic Aspects

 B.2           Aspek Lingkungan Hidup
                                                                                                                                                       178
               Environmental Aspects

 B.3           Aspek Sosial
                                                                                                                                                       179
               Social Aspects

 C. Profil Perusahaan | Company Profile

 C.1           Visi, Misi, dan Nilai Keberlanjutan
                                                                                                                                                       181
               Vision, Mission, and Sustainability Values

 C.2           Alamat Perusahaan
                                                                                                                                                       57
               Company Address

 C.3           Skala Usaha
                                                                                                                                                       57
               Business Scale

 C.4           Produk, Layanan, dan Kegiatan Usaha yang Dijalankan
                                                                                                                                                      66-67
               Products, Services, and Business Activities

 C.5           Keanggotaan dalam Asosiasi
                                                                                                                                                       67
               Membership in Associations

 C.6           Perubahan Emiten dan Perusahaan Publik yang Bersifat Signifikan
                                                                                                                                                       69
               Significant Changes in Issuers and Public Companies




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Ikhtisar Kinerja                           Laporan Manajemen                      Profil Perusahaan                   Analisis dan Pembahasan Manajemen
Highlights Performance                     Management Report                      Company Profile                     Management Discussion and Analysis




 No. indeks Nama Indeks                                                                                                                       Halaman
 Index No. Index Name                                                                                                                          Page

 D. Penjelasan Direksi | Explanation by the Board of Directors

 D.1           Penjelasan Direksi
                                                                                                                                               26-40
               Explanation by the Board of Directors

 E. Tata Kelola Keberlanjutan | Sustainability Governance

 E.1           Penanggungjawab Penerapan Keuangan Berkelanjutan
                                                                                                                                                 183
               Person Responsible for Implementing Sustainable Finance

 E.2           Pengembangan Kompetensi terkait Keuangan Berkelanjutan
                                                                                                                                              183-184
               Development of Competencies related to Sustainable Finance

 E.3           Penilaian Risiko atas Penerapan Keuangan Berkelanjutan
                                                                                                                                              184-185
               Risk Assessment of Sustainable Finance Implementation

 E.4           Hubungan dengan Pemangku Kepentingan
                                                                                                                                               185-186
               Relationships with Stakeholders

 E.5           Permasalahan terhadap Penerapan Keuangan Berkelanjutan
                                                                                                                                                 187
               Issues Related to the Implementation of Sustainable Finance

 F. Kinerja Keberlanjutan | Sustainability Performance

 F.1           Kegiatan Membangun Budaya Keberlanjutan
                                                                                                                                               180-181
               Activities to Build a Culture of Sustainability

               Kinerja Ekonomi
               Economic Performance

 F.2           Perbandingan Target dan Kinerja Produksi, Portofolio, Target Pembiayaan, atau Investasi, Pendapatan dan Laba Rugi
               Comparison of Targets and Performance in Production, Portfolio, Financing Targets, or Investment, Revenue, and Profit and         188
               Loss

 F.3           Perbandingan Target dan Kinerja Portofolio, Target Pembiayaan, atau Investasi pada Instrumen Keuangan atau Proyek yang
               Sejalan dengan Penerapan Keuangan Berkelanjutan
                                                                                                                                                 188
               Comparison of Targets and Performance of Portfolio, Financing Targets, or Investments in Financial Instruments or Projects
               Aligned with the Implementation of Sustainable Finance

               Kinerja Lingkungan Hidup
               Environmental Performance

               Aspek Umum
               General Aspects

 F.4           Biaya Lingkungan Hidup
                                                                                                                                                 190
               Environmental Costs

               Aspek Material
               Material Aspects

 F.5           Penggunaan Material yang Ramah Lingkungan
                                                                                                                                                 190
               Use of Environmentally Friendly Materials

               Aspek Energi
               Energy Aspects

 F.6           Jumlah dan Intensitas Energi yang Digunakan
                                                                                                                                                 191
               Amount and Intensity of Energy Used

 F.7           Upaya dan Pencapaian Efisiensi Energi dan Penggunaan Energi Terbarukan
                                                                                                                                               191-192
               Efforts and Achievements in Energy Efficiency and Renewable Energy Use

               Aspek Air
               Water Aspects

 F.8           Penggunaan Air
                                                                                                                                              193-194
               Water Use

               Aspek Keanekaragaman Hayati
               Biodiversity Aspects

 F.9           Dampak dari Wilayah Operasional yang Dekat atau Berada di Daerah Konservasi atau Memiliki Keanekaragaman Hayati
                                                                                                                                                 194
               Impact of Operational Areas that are Close to or Located in Conservation Areas or Areas with Biodiversity

 F.10          Usaha Konservasi Keanekaragaman Hayati
                                                                                                                                                 194
               Biodiversity Conservation Efforts

               Aspek Emisi
               Emissions Aspects

 F.11          Jumlah dan Intensitas Emisi yang Dihasilkan Berdasarkan Jenisnya
                                                                                                                                              192-193
               Amount and Intensity of Emissions Generated Based on Type

 F.12          Upaya dan Pencapaian Pengurangan Emisi yang Dilakukan
                                                                                                                                                 193
               Efforts and Achievements in Emission Reduction




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Good Corporate Governance                               Sustainability Report




 No. indeks Nama Indeks                                                                                                                Halaman
 Index No. Index Name                                                                                                                   Page

              Aspek Limbah dan Efluen
              Waste and Effluent Aspects

 F.13         Jumlah Limbah dan Efluen yang Dihasilkan Berdasarkan Jenis
                                                                                                                                       194-195
              Amount of Waste and Effluent Generated by Type

 F.14         Mekanisme Pengelolaan Limbah dan Efluen
                                                                                                                                         195
              Waste and Effluent Management Mechanisms

 F.15         Tumpahan yang Terjadi (Jika Ada)
                                                                                                                                         195
              Spills that Occur (If Any)

              Aspek Pengaduan terkait Lingkungan Hidup
              Environmental Complaints

 F.16         Jumlah dan Materi Pengaduan Lingkungan Hidup yang Diterima dan Diselesaikan
                                                                                                                                         195
              Number and Subject Matter of Environmental Complaints Received and Resolved

              Kinerja Sosial
              Social Performance

 F.17         Komitmen LJK, Emiten, atau Perusahaan Publik untuk Memberikan Layanan Atas Produk dan/atau Jasa yang Setara
              kepada Konsumen
                                                                                                                                       204-205
              Commitment of LJK, Issuers, or Public Companies to Provide Services for Products and/or Services that are Equivalent
              to Consumers

              Aspek Ketenagakerjaan
              Employment Aspects

 F.18         Kesetaraan Kesempatan Bekerja
                                                                                                                                       196-197
              Equal Employment Opportunity

 F.19         Tenaga Kerja Anak dan Tenaga Kerja Paksa
                                                                                                                                         197
              Child Labor and Forced Labor

 F.20         Upah Minimum Regional
                                                                                                                                         198
              Regional Minimum Wage

 F.21         Lingkungan Bekerja yang Layak dan Aman
                                                                                                                                         198
              Decent and Safe Working Environment

 F.22         Pelatihan dan Pengembangan Kemampuan Pegawai
                                                                                                                                         199
              Employee Training and Development

              Aspek Masyarakat
              Community Aspects

 F.23         Dampak Operasi terhadap Masyarakat Sekitar
                                                                                                                                       201-202
              Impact of Operations on the Surrounding Community

 F.24         Pengaduan Masyarakat
                                                                                                                                         202
              Community Complaints

 F.25         Kegiatan Tanggung Jawab Sosial Lingkungan (TJSL)
                                                                                                                                       202-204
              Environmental and Social Responsibility Activities (TJSL)

              Tanggung Jawab Pengembangan Produk/Jasa Berkelanjutan
              Responsibility for Sustainable Product/Service Development

 F.26         Inovasi dan Pengembangan Produk/Jasa Keuangan Berkelanjutan
                                                                                                                                       205-206
              Innovation and Development of Sustainable Financial Products/Services

 F.27         Produk/Jasa yang Sudah Dievaluasi Keamanannya bagi Pelanggan
                                                                                                                                         206
              Products/Services That Have Been Evaluated for Customer Safety

 F.28         Dampak Produk/Jasa
                                                                                                                                         206
              Impact of Products/Services

 F.29         Jumlah Produk yang Ditarik Kembali
                                                                                                                                         207
              Number of Products Recalled

 F.30         Survei Kepuasan Pelanggan terhadap Produk dan/atau Jasa Keuangan Berkelanjutan
                                                                                                                                         207
              Customer Satisfaction Survey on Sustainable Financial Products and/or Services

 G. Lain-lain | Miscellaneous

 G.1          Verifikasi Tertulis dari Pihak Independen (Jika Ada)
                                                                                                                                         N/A
              Written Verification from an Independent Party (if any)

 G.2          Lembar Umpan Balik
                                                                                                                                         208
              Feedback Form

 G.3          Tanggapan terhadap Umpan Balik Laporan Keberlanjutan Tahun Sebelumnya
                                                                                                                                         207
              Response to Feedback on the Previous Year's Sustainability Report

 G.4          Daftar Pengungkapan Sesuai POJK 51/2017 tentang Penerapan Keuangan Berkelanjutan bagi Lembaga Jasa Keuangan, Emiten
              dan Perusahaan Publik
                                                                                                                                       210-225
              List of Disclosures in accordance with POJK 51/2017 concerning the Implementation of Sustainable Finance for Financial
              Services Institutions, Issuers, and Public Companies




Laporan Tahunan Annual Report 2025                                                                                                             225
Page 228
LAPORAN KEUANGAN
KONSOLIDASIAN
CONSOLIDATED
FINANCIAL STATEMENT

PT Hasnur Internasional Shipping Tbk
dan Entitas Anaknya and Its Subsidiaries
Laporan Keuangan Konsolidasian
Consolidated Financial Statements
Untuk Tahun yang Berakhir 31 Desember 2025
For the Year Ended 31 December 2025




226                                          PT Hasnur Internasional Shipping Tbk
Page 229
PT HASNUR INTERNASIONAL SHIPPING TBK DAN ENTITAS ANAK/AND ITS SUBSIDIARIES
DAFTAR ISI/TABLE OF CONTENTS


                                                                                                   Halaman/
                                                                                                     Page

  Laporan Auditor Independen/Independent Auditors’ Report

  Surat Pernyataan Direksi tentang Tanggung Jawab atas Laporan Keuangan Konsolidasian
      PT Hasnur Internasional Shipping Tbk dan Entitas Anak untuk Tahun-tahun yang Berakhir
      31 Desember 2025 dan 2024/
  The Directors’ Statement on the Responsibility for Consolidated Financial Statements of
      PT Hasnur Internasional Shipping Tbk and its Subsidiaries for the Years Ended December 31,
      2025 and 2024

  LAPORAN KEUANGAN KONSOLIDASIAN - Untuk Tahun-tahun yang Berakhir 31 Desember
     2025 dan 2024/
  CONSOLIDATED FINANCIAL STATEMENTS - For the Years Ended December 31, 2025 and
     2024

  Laporan Posisi Keuangan Konsolidasian/Consolidated Statements of Financial Position……………           234-235

  Laporan Laba Rugi dan Penghasilan Komprehensif Lain Konsolidasian/Consolidated Statements
  of Profit or Loss and Other Comprehensive Income………………………………….............................         236-237

  Laporan Perubahan Ekuitas Konsolidasian/Consolidated Statements of Changes in Equity………...           238

  Laporan Arus Kas Konsolidasian/Consolidated Statements of Cash Flows……………………………                      239

  Catatan atas Laporan Keuangan Konsolidasian/Notes to Consolidated Financial Statements………          240-315

  Lampiran I-V/Attachment I-V…………………………………………………………………………………                                         316-320




Laporan Tahunan Annual Report 2025                                                                             227
Page 230

          
Page 231

          
Page 232

          
Page 233

          
Page 234

          
Page 235

          
Page 236
PT HASNUR INTERNASIONAL SHIPPING TBK                                     PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                            AND ITS SUBSIDIARIES
Laporan Posisi Keuangan Konsolidasian                                    Consolidated Statements of Financial Position
31 Desember 2025 dan 2024                                                                 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                                 (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                     unless Otherwise Stated)




                                                         Catatan/
                                           2025           Notes            2024

ASET                                                                                       ASSETS

ASET LANCAR                                                                                CURRENT ASSETS
Kas dan setara kas                   122.845.319.643     4,25,26      164.738.143.232      Cash and cash equivalent
Piutang usaha - neto                                     5,25,26                           Trade receivables - net
  Pihak ketiga                        95.756.951.573                  100.664.949.140         Third parties
  Pihak berelasi                      78.087.834.996        24         81.738.769.887         Related parties
Piutang dari pihak berelasi              572.657.609     24,25,26                   -      Due from a related party
Piutang lain-lain                                                                          Other receivables
  Pihak ketiga                         2.204.192.193      25,26          2.625.986.695        Third parties
Persediaan                            12.154.854.845        6            9.278.620.568     Inventories
Beban dibayar dimuka                   4.307.850.417        7            3.730.453.209     Prepayments
                                                                                           Advance payments
Uang muka operasional                 11.887.048.213        8           10.293.697.514        for operations
Pajak dibayar dimuka                  18.113.058.863       16            1.929.447.426     Prepaid tax

TOTAL ASET LANCAR                    345.929.768.352                  375.000.067.671      TOTAL CURRENT ASSETS

ASET TIDAK LANCAR                                                                          NON-CURRENT ASSETS
Estimasi tagihan pengembalian pajak 2.478.401.500          16                          -   Estimated claim for tax refund
Uang muka pembelian                                                                        Advance for purchases
  aset tetap                            19.411.847.940      8           73.746.736.528        of property, plant and equipment
Aset tetap - setelah dikurangi                                                             Property, plant and equipment - net
  akumulasi penyusutan sebesar                                                                of accumulated depreciation of
  Rp381.870.196.549 pada                                                                      Rp381,870,196,549 as at
  tanggal 31 Desember 2025                                                                    December 31, 2025 and
  dan Rp317.963.847.986 pada                                                                  Rp317,963,847,986
  tanggal 31 Desember 2024           1.098.039.924.030      9         645.755.026.116         as at December 31, 2024
Aset takberwujud - setelah dikurangi                                                       Intangible Assets - net of
  akumulasi amortisasi sebesar                                                                accumulated amortization of
  Rp21.951.068 pada                                                                           Rp21,951,068 as at
  tanggal 31 Desember 2025               1.031.700.183     10                          -      December 31, 2025
Aset hak guna - setelah dikurangi
  akumulasi penyusutan sebesar                                                             Right-of-use assets - net of
  Rp25.307.028.337 pada                                                                      accumulated depreciation of
  tanggal 31 Desember 2025                                                                   Rp25,307,028,337 as at
  dan Rp15.505.954.914                                                                       December 31, 2025 and
  pada tanggal                                                                               Rp15,505,954,914 as at
  31 Desember 2024                      21.260.481.756    18,24         42.641.376.031       December 31, 2024
Beban docking ditangguhkan -                                                               Deferred charges on docking -
  setelah dikurangi amortisasi                                                               net of amortization of
  sebesar Rp181.030.634.694                                                                  Rp181,030,634,694 as at
  pada tanggal 31 Desember 2025                                                              December 31, 2025 and
  dan Rp141.680.428.765 pada                                                                 Rp141,680,428,765
  tanggal 31 Desember 2024              45.984.827.933    11,22         62.128.103.574       as at December 31, 2024
Aset pajak tangguhan                       302.195.747     16              313.497.158     Deferred tax asset

TOTAL ASET TIDAK                                                                           TOTAL NON-CURRENT
  LANCAR                           1.188.509.379.089                  824.584.739.407        ASSETS

TOTAL ASET                         1.534.439.147.441                1.199.584.807.078      TOTAL ASSETS




Lihat catatan atas laporan keuangan konsolidasian yang              See accompanying notes to the consolidated financial
merupakan bagian yang tidak terpisahkan dari laporan                statements which are an integral part of the consolidated
keuangan konsolidasian.                                             financial statements.

                                                            -1-
Page 237
PT HASNUR INTERNASIONAL SHIPPING TBK                                        PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                               AND ITS SUBSIDIARIES
Laporan Posisi Keuangan Konsolidasian                                       Consolidated Statements of Financial Position
31 Desember 2025 dan 2024                                                                    December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                                    (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                        unless Otherwise Stated)




                                                         Catatan/
                                          2025            Notes               2024

LIABILITAS DAN EKUITAS                                                                        LIABILITIES AND EQUITY

LIABILITAS                                                                                    LIABILITIES

LIABILITAS JANGKA PENDEK                                                                      CURRENT LIABILITIES
Utang usaha                                              12,25,26,30                          Trade payables
   Pihak ketiga                      98.953.363.215                        95.664.207.897       Third parties
   Pihak berelasi                     1.835.897.513          24             1.539.108.046       Related parties
Utang lain-lain                                                                               Other payables
   Pihak ketiga                          10.540.611       13,25,26             18.694.596       Third parties
Liabilitas yang masih
   harus dibayar                     34.702.042.214       14,25,26         34.351.444.857     Accrued liabilities
Utang pajak                           7.184.094.654          16             5.592.266.891     Taxes payable
Utang kepada pihak-pihak
   berelasi                             768.232.959       24,25,26                        -   Due to related parties
Bagian liabilitas jangka
   panjang yang jatuh tempo                                                                   Current maturities of
   dalam satu tahun                                                                             long-term liabilities
   Pinjaman bank                     80.189.120.788        15,25           54.930.247.797       Bank loans
   Liabilitas sewa                    8.444.339.130       18,24,25         10.889.859.809       Lease liabilities

TOTAL LIABILITAS                                                                              TOTAL CURRENT
  JANGKA PENDEK                     232.087.631.084                      202.985.829.893        LIABILITIES

LIABILITAS JANGKA PANJANG                                                                     NON-CURRENT LIABILITIES
Pinjaman jangka panjang
   setelah dikurangi bagian yang                                                              Long-term liabilities - net
   jatuh tempo dalam satu tahun                                                                 of current maturities
   Pinjaman bank                    439.331.700.854        15,25         192.624.375.316        Bank loans
   Liabilitas sewa                   15.765.216.034       18,24,25        34.138.656.111        Lease liabilities
Liabilitas imbalan kerja              8.396.134.729          17            7.385.543.610      Employee benefit liabilities

TOTAL LIABILITAS                                                                              TOTAL NON-CURRENT
  JANGKA PANJANG                    463.493.051.617                      234.148.575.037        LIABILITIES

TOTAL LIABILITAS                    695.580.682.701                      437.134.404.930      TOTAL LIABILITIES

EKUITAS                                                                                       EQUITY
Modal saham - nilai nominal                                                                   Share capital - per value
  Rp100 per saham                                                                                Rp100 per share
Modal dasar -                                                                                 Authorized capital -
  8.400.000.000 saham                                                                            8,400,000,000 shares
Modal ditempatkan dan disetor                                                                 Issued and fully paid -
  penuh - 2.626.250.000 saham       262.625.000.000         19           262.625.000.000         2,626,250,000 shares
Tambahan modal disetor - neto       106.961.981.615         20a          106.961.981.615      Additional paid-in capital - net
Transaksi dengan kepentingan                                                                  Transaction with non-controlling
  non-pengendali                         468.618.514         1d               468.618.514        interest
Saldo laba:                                                                                   Retained earnings:
  - Dicadangkan                      52.525.000.000          19           52.525.000.000         - Appropriated
  - Tidak dicadangkan               356.738.144.901                      310.318.503.070         - Unappropriated

Total ekuitas yang dapat                                                                      Total equity attributable to
  diatribusikan kepada                                                                          the Owners of
  Pemilik Entitas Induk             779.318.745.030                      732.899.103.199        the Parent Entity
Kepentingan non-pengendali           59.539.719.710         20b           29.551.298.949      Non-controlling interest

TOTAL EKUITAS                       838.858.464.740                      762.450.402.148      TOTAL EQUITY

TOTAL LIABILITAS DAN                                                                          TOTAL LIABILITIES AND
  EKUITAS                          1.534.439.147.441                   1.199.584.807.078        EQUITY




Lihat catatan atas laporan keuangan konsolidasian yang                 See accompanying notes to the consolidated financial
merupakan bagian yang tidak terpisahkan dari laporan                   statements which are an integral part of the consolidated
keuangan konsolidasian.                                                financial statements.
Page 238
PT HASNUR INTERNASIONAL SHIPPING TBK                                     PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                            AND ITS SUBSIDIARIES
Laporan Laba Rugi dan Penghasilan Komprehensif                           Consolidated Statements of Profit or Loss and
Lain Konsolidasian                                                                       Other Comprehensive Income
Untuk Tahun-tahun yang Berakhir                                                                   For the Years Ended
31 Desember 2025 dan 2024                                                                 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                                 (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                     unless Otherwise Stated)




                                                         Catatan/
                                          2025            Notes            2024

PENDAPATAN NETO                     880.577.917.948       21,24     1.018.111.562.653     NET REVENUES

BEBAN POKOK
  PENDAPATAN                        663.879.180.662       22,24       775.576.598.320     COST OF REVENUES

LABA BRUTO                          216.698.737.286                   242.534.964.333     GROSS PROFIT

BEBAN USAHA                                                                               OPERATING EXPENSES
Umum dan administrasi                90.892.871.502       23,24         96.191.175.801    General and administrative

LABA USAHA                          125.805.865.784                   146.343.788.532     OPERATING INCOME

PENDAPATAN (BEBAN)                                                                      OTHER INCOME
  LAIN-LAIN                                                                                (EXPENSES)
Pendapatan bunga                      2.278.652.645                      2.776.594.945 Interest income
                                                                                        Gain on foreign
Laba selisih kurs - neto                597.042.759                      4.271.506.050     exchange - net
Pendapatan jasa keagenan                                                                Income agency services
  - neto                                254.471.762                        267.759.993     - net
Beban bunga                         (27.325.963.872)     15,18,24      (17.707.556.385) Interest expense
Lain-lain - neto                        (51.421.734)                       497.202.912 Miscellaneous - net

Beban lain-lain - neto              (24.247.218.440)                    (9.894.492.485) Other expenses - net

LABA SEBELUM BEBAN                                                                        INCOME BEFORE
  PAJAK PENGHASILAN                 101.558.647.344                   136.449.296.047       TAX EXPENSE

BEBAN PAJAK                                                16                             TAX EXPENSES
Kini - final                         10.222.168.369                     11.810.938.175    Current - final
Kini - tidak final                    3.393.907.479                      3.142.325.906    Current - non final
Tahun sebelumnya - tidak final          790.537.261                                  -    Prior year - non final
Tangguhan                                28.223.064                        209.454.317    Deferred

Beban Pajak                          14.434.836.173                     15.162.718.398    Tax Expenses

LABA TAHUN BERJALAN                  87.123.811.171                   121.286.577.649     INCOME FOR THE YEAR

RUGI                                                                                    OTHER COMPREHENSIVE
  KOMPREHENSIF LAIN                                                                        LOSS
Pos yang tidak akan                                                                     Item that may not be
  direklasifikasi ke laba rugi:                                                            reclassified to profit or loss:
  - Pengukuran kembali                                                                     - Remeasurement of
     liabilitas imbalan kerja          (375.361.733)       17              (80.681.840)       employee benefit liabilities
  - Manfaat pajak                                                                          - Related income tax
     penghasilan terkait                 16.921.653        16              (23.525.245)       benefit

TOTAL RUGI                                                                                TOTAL OTHER
  KOMPREHENSIF LAIN                    (358.440.080)                      (104.207.085)     COMPREHENSIVE LOSS

TOTAL LABA KOMPREHENSIF                                                                   TOTAL COMPREHENSIVE
  TAHUN BERJALAN                     86.765.371.091                   121.182.370.564       INCOME FOR THE YEAR




Lihat catatan atas laporan keuangan konsolidasian yang              See accompanying notes to the consolidated financial
merupakan bagian yang tidak terpisahkan dari laporan                statements which are an integral part of the consolidated
keuangan konsolidasian.                                             financial statements.
Page 239
PT HASNUR INTERNASIONAL SHIPPING TBK                                     PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                            AND ITS SUBSIDIARIES
Laporan Laba Rugi dan Penghasilan Komprehensif                           Consolidated Statements of Profit or Loss and
Lain Konsolidasian                                                                       Other Comprehensive Income
Untuk Tahun-tahun yang Berakhir                                                                   For the Years Ended
31 Desember 2025 dan 2024                                                                 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                                 (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                     unless Otherwise Stated)




                                                         Catatan/
                                          2025            Notes            2024

LABA TAHUN BERJALAN                                                                       INCOME FOR THE YEAR
  DIATRIBUSIKAN KEPADA:                                                                     ATTRIBUTABLE TO:
Pemilik entitas induk                87.134.579.317         27        120.968.356.094     Owners of the parent entity
Kepentingan non-pengendali              (10.768.146)                      318.221.555     Non-controlling interest

TOTAL                                87.123.811.171                   121.286.577.649     TOTAL

TOTAL LABA KOMPREHENSIF                                                                   TOTAL COMPREHENSIVE
  TAHUN BERJALAN                                                                            INCOME FOR THE YEAR
  DIATRIBUSIKAN KEPADA:                                                                     ATTRIBUTABLE TO:
Pemilik entitas induk                86.776.950.330                   120.863.021.390     Owners of the parent entity
Kepentingan non-pengendali              (11.579.239)        20b           319.349.174     Non-controlling interest

TOTAL                                86.765.371.091                   121.182.370.564     TOTAL

LABA PER SAHAM                                                                            BASIC/DILUTED EARNINGS
  DASAR/DILUSIAN                                 33,18      27                    46,06     PER SHARE




Lihat catatan atas laporan keuangan konsolidasian yang              See accompanying notes to the consolidated financial
merupakan bagian yang tidak terpisahkan dari laporan                statements which are an integral part of the consolidated
keuangan konsolidasian.                                             financial statements.
Page 240
PT HASNUR INTERNASIONAL SHIPPING TBK                                                                                                                                          PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                                                                                                                                AND ITS SUBSIDIARIES
Laporan Perubahan Ekuitas Konsolidasian                                                                                                                                      Consolidated Statements of Changes in Equity
Untuk Tahun-tahun yang Berakhir 31 Desember 2025 dan 2024                                                                                                                 For the Years Ended December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali Dinyatakan Lain)                                                                                                   (Figures are Presented in Rupiah, unless Otherwise Stated)



                                                                           Total Ekuitas yang Dapat Diatribusikan kepada Pemilik Entitas Induk/
                                                                                Total Equity Attributable to the Owners of the Parent Entity

                                                          Modal             Tambahan            Transaksi dengan
                                                    Ditempatkan dan           Modal               Kepentingan                 Saldo Laba/Retained Earnings
                                                     Disetor Penuh/          Disetor/           Non-Pengendali/                                                                              Kepentingan
                                                     Share Capital -        Additional          Transaction with           Ditentukan             Tidak ditentukan                          Non-Pengendali/
                                         Catatan/      Issued and            Paid-in             non-controlling         penggunaannya/           penggunaannya/           Total/           Non-Controlling       Total Ekuitas/
                                          Notes         Fully Paid           Capital                interest              Appropriated            Unappropriated           Total                Interest           Total Equity

Saldo 1 Januari 2024/
Balance as at January 1, 2024                        262.625.000.000       106.961.981.615                       -           49.547.731.645          244.905.225.035     664.039.938.295        2.099.568.289        666.139.506.584

Laba tahun berjalan/
Income for the year                                                -                     -                       -                        -          120.968.356.094     120.968.356.094          318.221.555        121.286.577.649

Rugi komprehensif
  lain tahun berjalan/
Other comprehensive loss
  for the year                                                         -                 -                       -                        -             (105.334.704)       (105.334.704)           1.127.619           (104.207.085)

Pembentukan cadangan umum/
  Appropriation of general reserves        19                          -                 -                       -            2.977.268.355           (2.977.268.355)                  -                      -                    -

Dividen kas/Cash dividend                  19                          -                 -                       -                        -          (52.472.475.000)    (52.472.475.000)                     -      (52.472.475.000)

Transaksi dengan kepentingan
   non-pengendali/
Transaction with non-controlling
   interest                                1d                          -                 -            468.618.514                         -                          -      468.618.514          (468.618.514 )                    -
Pendirian entitas anak/
Incorporation of subsidiaries              20b                     -                     -                       -                        -                          -                 -       27.601.000.000         27.601.000.000
Saldo 31 Desember 2024/
Balance as at December 31, 2024                      262.625.000.000       106.961.981.615            468.618.514            52.525.000.000          310.318.503.070     732.899.103.199       29.551.298.949        762.450.402.148

Laba tahun berjalan/
Income for the year                                                -                     -                       -                        -           87.134.579.317      87.134.579.317          (10.768.146)        87.123.811.171

Rugi komprehensif
  lain tahun berjalan/
Other comprehensive loss
  for the year                                                     -                     -                       -                        -             (357.628.987)       (357.628.987)            (811.093)          (358.440.080)

Dividen kas/Cash dividend                  19                      -                     -                       -                        -          (40.357.308.499)    (40.357.308.499)                     -      (40.357.308.499)

Kenaikan modal saham yang menjadi
   bagian hak pemegang saham
   non-pengendali/
Increase in share capital attributable
   to the non-controlling interest         20b                     -                     -                       -                        -                          -                 -       30.000.000.000         30.000.000.000
Saldo 31 Desember 2025/
Balance as at December 31, 2025                      262.625.000.000       106.961.981.615            468.618.514            52.525.000.000          356.738.144.901     779.318.745.030       59.539.719.710        838.858.464.740




Lihat catatan atas laporan keuangan konsolidasian yang merupakan bagian yang tidak                                                        See accompanying notes to the consolidated financial statements whicha are an integral
terpisahkan dari laporan keuangan konsolidasian.                                                                                          part of the consolidated financial statements.



                                                                                                                          -5-
Page 241
PT HASNUR INTERNASIONAL SHIPPING TBK                                      PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                           AND ITS SUBSIDIARIES
Laporan Arus Kas Konsolidasian                                                 Consolidated Statements of Cash Flows
Untuk Tahun-tahun yang Berakhir                                                                  For the Years Ended
31 Desember 2025 dan 2024                                                                 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                                (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                     unless Otherwise Stated)


                                                                           2024
                                                                      (Reklasfikasi -
                                                                        Catatan 31/
                                                         Catatan/    As Reclasified -
                                          2025            Notes          Note 31)

ARUS KAS DARI                                                                          CASH FLOWS FROM
  AKTIVITAS OPERASI                                                                      OPERATING ACTIVITIES
Penerimaan kas dari pelanggan   975.857.289.501             31      1.055.335.832.281 Cash receipts from customers
Pembayaran kas kepada pemasok,                                                         Cash payments to suppliers,
  karyawan dan lainnya         (695.921.184.190)            31       (787.881.526.073)   employees and others
Pembayaran kas atas pajak       (47.272.840.149)            31        (55.013.559.528) Cash payments of taxes
Pembayaran kas atas beban                                                              Cash payments for interest
  bunga                         (27.325.963.872)                      (17.707.556.385)   expense
Penerimaan kas dari                                                                    Cash receipts from
  pendapatan bunga                2.278.652.645                         2.776.594.945    interest income

Kas neto yang diperoleh dari                                                              Net cash provided by
  aktivitas operasi                 207.615.953.935                   197.509.785.240       operating activities

ARUS KAS DARI AKTIVITAS                                                                 CASH FLOWS FROM
  INVESTASI                                                                               INVESTING ACTIVITIES
                                                                                        Acquisitions of property, plant
Perolehan aset tetap               (458.206.098.171)       9,29       (184.729.005.649)   and equipment
Penambahan beban docking                                                                Addition of deferred charges
  ditangguhkan                      (23.206.930.288)        11         (37.813.348.407)   on docking
Penambahan uang muka                                                                    Addition of advance for purchase
  pembelian aset tetap              (19.411.847.940)        8,9        (73.746.736.528)   of property, plant and equipment
Perolehan aset tak berwujud          (1.053.651.251)        10                       - Acquisition of intangible assets
Penurunan piutang                                                                       Decrease in due from
  pihak berelasi                                   -        29           2.819.330.581    related parties

Kas neto yang digunakan                                                                   Net cash used in investing
  untuk aktivitas investasi        (501.878.527.650)                  (293.469.760.003)     activities

ARUS KAS DARI AKTIVITAS                                                                   CASH FLOWS FROM
  PENDANAAN                                                                                 FINANCING ACTIVITIES
Penerimaan pinjaman bank            333.365.322.312        15,29      193.041.620.000     Receipts of bank loans
Pembayaran pinjaman bank            (61.399.123.783)       15,29      (42.291.796.887)    Payments of bank loans
Pembayaran utang kepada                                                                   Payments of due to
  pihak berelasi                                  -         29          (3.353.664.508)     related parties
Pembayaran kas dividen              (40.357.308.499)        19         (52.472.475.000)   Payment of cash dividends
                                                                                          Payment of principal
Pembayaran pokok sewa                (9.239.139.904)       18,29        (9.980.663.110)     portion of lease liabilities
Kenaikan modal saham
  dan pendirian entitas anak                                                              Increase in share capital and
  yang dapat diatribusikan                                                                   establishment of subsidiaries
  kepada kepentingan                                                                         attributable to the
  non-pengendali                     30.000.000.000         20b         27.601.000.000       non-controlling interests

Kas neto yang diperoleh dari                                                              Net cash provided by
  aktivitas pendanaan               252.369.750.126                   112.544.020.495       financing activities

KENAIKAN (PENURUNAN)                                                                      NET INCREASE
  NETO KAS DAN SETARA                                                                       (DECREASE) CASH AND
  KAS                               (41.892.823.589)                    16.584.045.732      CASH EQUIVALENT

KAS DAN SETARA KAS                                                                        CASH AND CASH EQUIVALENT
  PADA AWAL TAHUN                   164.738.143.232                   148.154.097.500       AT BEGINNING OF YEAR

KAS DAN SETARA KAS                                                                        CASH AND CASH EQUIVALENT
  PADA AKHIR TAHUN                  122.845.319.643          4        164.738.143.232       AT END OF YEAR




Lihat Catatan atas laporan keuangan konsolidasian yang              See accompanying notes to the consolidated financial
merupakan bagian yang tidak terpisahkan dari laporan                statements which are an integral part of the consolidated
keuangan konsolidasian.                                             financial statements.
Page 242
PT HASNUR INTERNASIONAL SHIPPING TBK                               PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                       AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                       Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                              For the Years Ended
31 Desember 2025 dan 2024                                                            December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                            (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                unless Otherwise Stated)


1.   Umum                                                    1.   General

     a.   Pendirian Grup dan informasi umum                       a. The Group’s establishment and general
                                                                     information

          PT Hasnur Internasional Shipping Tbk                      PT Hasnur Internasional Shipping Tbk
          (“Perusahaan”)      didirikan  di    Jakarta              (the “Company”) was established in Jakarta
          berdasarkan Akta Notaris Ira Sudjono, S.H.,               based on the Notarial Deed No. 47 of
          No. 47 tanggal 14 Desember 2009. Akta                     Ira Sudjono, S.H., dated December 14, 2009.
          Pendirian ini telah mendapat pengesahan dari              The Deed of Establishment was approved by
          Menteri Hukum dan Hak Asasi Manusia                       the Ministry of Law and Human Rights of
          Republik Indonesia dengan Surat Keputusan                 the Republic of Indonesia in its Decision Letter
          No. AHU-00350.AH.01.01.Tahun 2010 tanggal                 No. AHU-00350.AH.01.01.Tahun 2010 dated
          6 Januari 2010 dan telah diumumkan dalam                  January 6, 2010 and was published in the State
          Lembaran Berita Negara Republik Indonesia                 Gazette of the Republic of Indonesia No. 82,
          No. 82, Tambahan No. 29410 tanggal                        Supplement No. 29410 dated October 12, 2010.
          12 Oktober 2010.

          Anggaran Dasar Perusahaan telah mengalami                 The Company's Articles of Association have
          beberapa kali perubahan, terakhir dengan Akta             been amended several times, most recently with
          Muhammad Hanafi, S.H., No. 6 tanggal                      the Notarial Deed of Muhammad Hanafi, S.H.,
          14 Oktober 2025, sehubungan dengan                        No. 6 dated October 14, 2025, in connection
          perubahan susunan direksi dan komisaris.                  with changes in the composition of the boards
          Perubahan ini telah dilaporkan dan diterima               of commissioners and directors. This change
          oleh Menteri Hukum dan Hak Asasi Manusia                  has been reported and accepted by the Minister
          Republik Indonesia dalam Surat Penerimaan                 of Law and Human Rights of the Republic of
          No.      AHU-AH.01.09-0350872         tanggal             Indonesia in Acceptance Letter No. AHU-
          16 Oktober 2025.                                          AH.01.09-0350872 dated October 16, 2025.

          Perusahaan berkedudukan di Jakarta dan                    The Company is domiciled in Jakarta and its
          kantor pusatnya beralamat di Office 8, lantai 3,          head office is located at Office 8, 3rd floor,
          Jl. Senopati No. 8B, Jakarta Selatan, 12190.              Jl. Senopati No. 8B, South Jakarta, 12190.

          Sesuai dengan Pasal 3 Anggaran dasar                      In accordance with Article 3 of the Company’s
          Perusahaan, tujuan dan ruang lingkup                      Articles of Association, the Company’s objective
          kegiatan    Perusahaan     bergerak   dalam               and scope is to engage in the domestic ocean
          pengiriman barang laut domestik, termasuk                 freight      forwarding,      including    cargo
          transportasi kargo, pengiriman industri dan               transportation, industrial shipping and chartered
          layanan kapal sewaan.                                     vessel services.

          Perusahaan memulai usaha komersial pada                   The Company commenced its commercial
          Agustus 2010. Perusahaan dan Entitas                      operations in August 2010. The Company and
          Anaknya (Grup) merupakan bagian dari Grup                 its Subsidiaries (the Group) are part of Hasnur
          Hasnur.                                                   Group.

          Saat ini, Perusahaan dan Entitas Anaknya                  Currently, the Company and its Subsidiaries are
          bergerak dalam bidang usaha pengangkutan                  engaged in the business of transporting goods
          barang dengan menggunakan kapal laut yang                 using ships specifically designed to transport a
          dirancang secara khusus untuk mengangkut                  certain type of goods, including sea
          suatu jenis barang tertentu, termasuk usaha               transportation rental businesses and their
          persewaan angkutan laut berikut operatornya               operators and the Company has an office to
          dan Perusahaan memiliki kantor untuk                      support its operational activities in Jl. Berangas
          mendukung kegiatan operasionalnya di                      Timur No. 95A, North Alalak, South Kalimantan.
          Jl. Berangas Timur No. 95A, Alalak Utara,
          Kalimantan Selatan.
Page 243
PT HASNUR INTERNASIONAL SHIPPING TBK                                            PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                                    AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                    Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                           For the Years Ended
31 Desember 2025 dan 2024                                                                         December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                                         (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                             unless Otherwise Stated)


   b.   Penawaran umum saham Perusahaan                                        b. Public offering of the Company’s shares

        Pada tanggal 23 Agustus 2021, Perusahaan                                   On August 23, 2021, the Company received
        memperoleh Surat No. S-138/D.04/2021                                       Letter     No.    S-138/D.04/2021       regarding
        perihal Pemberitahuan Efektif Pernyataan                                   Notification on the Effectivity of Registration of
        Pendaftaran dalam rangka Penawaran Umum                                    PT Hasnur Internasional Shipping Tbk’s public
        Perdana Saham PT Hasnur Internasional                                      offering of shares from the Board of
        Shipping Tbk dari Dewan Komisioner Otoritas                                Commissioner of the Financial Services
        Jasa Keuangan (OJK).                                                       Authority (OJK).

        Perusahaan melakukan penawaran umum                                        The Company conducted its initial public
        perdana atas 525.250.000 saham-saham                                       offering of 525,250,000 shares with par value of
        barunya dengan nilai nominal Rp100 per                                     Rp100 per share through the Indonesian Stock
        saham melalui Bursa Efek Indonesia (BEI)                                   Exchange with offering price of Rp300 per
        dengan harga penawaran Rp300 per saham                                     share effective on September 1, 2021.
        dinyatakan efektif pada tanggal 1 September
        2021.

   c.   Dewan Komisaris, Direksi dan Karyawan                                  c. Boards of Commissioners, Directors and
                                                                                  Employees

        Manajemen kunci Perusahaan terdiri dari                                    The Company’s management comprises of
        anggota Dewan Komisaris dan Direksi.                                       Boards of Commissioners and Directors.

        Pada tanggal 31 Desember 2025, susunan                                     As at December 31, 2025, the composition of
        anggota Dewan Komisaris dan Direksi                                        the Company’s Boards of Commissioners and
        Perusahaan adalah sebagai berikut:                                         Directors was as follows:

        Dewan Komisaris                                                                Board of Commissioners
        Komisaris Utama                                :     Zainal Hadi HAS HB      : President Commissioner
        Komisaris                                      :            Iwanho           : Commissioner
        Komisaris Independen                           : Ir. Hendra Iskandar Lubis*) : Independent Commissioner

        Direksi                                                                               Board of Directors
        Direktur Utama                                 :          Jayanti Sari            :   President Director
        Direktur                                       :        Laorentina Devi           :   Director
        Direktur                                       :            Rickie                :   Director
        Direktur                                       :       Rahmad Pudjotomo           :   Director
        *)    mulai tanggal 1 Oktober 2025, menjabat sebagai Komisaris              *)        started October     1,   2025,   officiate   as   Independent
              Independen.                                                                     Commissioner.


        Pada tanggal 31 Desember 2024, susunan                                     As at December 31, 2024, the composition of
        anggota Dewan Komisaris dan Direksi                                        the Company’s Boards of Commissioners and
        Perusahaan adalah sebagai berikut:                                         Directors was as follows:

        Dewan Komisaris                                                                       Board of Commissioners
        Komisaris Utama                                :      Zainal Hadi HAS HB          :   President Commissioner
        Komisaris                                      :             Iwanho               :   Commissioner
        Komisaris Independen                           :         Nur Prasetyo             :   Independent Commissioner
        Direksi                                                                               Board of Directors
        Direktur Utama                                 :          Jayanti Sari            :   President Director
        Direktur                                       :        Laorentina Devi           :   Director
        Direktur                                       :            Rickie                :   Director
        Direktur                                       :       Rahmad Pudjotomo           :   Director

        Pada tanggal 31 Desember 2025, susunan                                     As at December 31, 2025, the composition of
        Komite Audit Perusahaan adalah sebagai                                     the Company’s Audit Committee is as follows:
        berikut:

        Komite Audit                                                                            Audit Commitee
        Ketua                                          :   Ir. Hendra Iskandar Lubis      :     Chairman
        Anggota                                        :       Boy Hamdani Tamin          :     Member
        Anggota                                        :        Yuli Purwanto**)          :     Member
        **)   mulai tanggal 4 November 2025, menjabat sebagai Komite                **)       started November 4, 2025, officiate as Audit Committee.
              Audit.
Page 244
PT HASNUR INTERNASIONAL SHIPPING TBK                                                          PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                                                  AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                  Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                         For the Years Ended
31 Desember 2025 dan 2024                                                                                       December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                                                       (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                                           unless Otherwise Stated)


        Pada tanggal 31 Desember 2024, susunan                                                      As at December 31, 2024, the composition of
        Komite Audit Perusahaan adalah sebagai                                                      the Company’s Audit Committee is as follows:
        berikut:

        Komite Audit                                                                                              Audit Commitee
        Ketua                                              :          Nur Prasetyo                     :          Chairman
        Anggota                                            :       Boy Hamdani Tamin                   :          Member
        Anggota                                            :   Ir. Hendra Iskandar Lubis               :          Member

        Pada tanggal 31 Desember 2025 dan 2024,                                                     As at December 31, 2025 and 2024, the Group
        Grup memiliki karyawan tetap masing-masing                                                  had a total of 88 and 91 permanent employees,
        sejumlah 88 dan 91 orang (tidak diaudit).                                                   respectively (unaudited).

        Untuk tahun-tahun yang berakhir pada                                                        For the years ended December 31, 2025 and
        31 Desember 2025 dan 2024, Grup telah                                                       2024, the Group made remuneration payment
        membayar remunerasi Dewan Komisaris                                                         to Boards of Commisioners and Directors
        dan    Direksi   masing-masing     sebesar                                                  amounting     to    Rp21,417,925,669  and
        Rp21.417.925.669 dan Rp25.183.541.547.                                                      Rp25,183,541,547, respectively.

   d.   Struktur Grup                                                                       d. The Group’s Structure

        Rincian entitas anak Grup pada akhir periode                                                Details of the Group’s subsidiaries at the end of
        pelaporan adalah sebagai berikut:                                                           the reporting period are as follows:

                                                                                  Tahun Usaha
                                                                                   Komersial                Persentase
                                                                                    Dimulai/            Kepemilikan Efektif/       Total Aset/Total Assets
                                                           Kedudukan,               Year of             Effective Ownership       (sebelum jurnal eliminasi/
                                  Ruang Lingkup        Tanggal Pendirian/         Commercial                Percentage            before elimination entries)
          Entitas Anak/            Usaha/Scope           Domicile, Date            Operations
           Subsidiary              of Activities        of Establishment            Started                2025        2024         2025             2024

        Kepemilikan
        Langsung/
        Direct Ownership
                               Penyedia
                               jasa terminal
                               dan fasilitas
                               pelabuhan               Kalimantan
                               lainnya/                Selatan,
        PT Hasnur              Terminal and            9 Mei 2011/
        Resources              other port              South Kalimantan,
        Terminal (HRT)         facilities              May 9, 2011                         2011            98,65%      98,65%         390.220         169.540

        Kepemilikan Tidak
        Langsung/
        Indirect
        Ownership

        Melalui HRT/
        Through HRT
                               Jasa bongkar            Kalimantan
                               muat/                   Selatan,
                               Loading and             14 Desember 2009/
        PT Hasnur Mitra        unloading               South Kalimantan,
        Sarana (HMS)           services                December 14, 2009                   2010            98,45%      98,45%          12.426            7.442

                               Jasa bongkar            Kalimantan
                               muat/                   Tengah,
                               Loading and             24 Juni 2024/
        PT Barito Jaya         unloading               Central Kalimantan,
        Sarana (BJS)           services                June 24, 2024                       2025            98,45%      98,45%              862              485

                               Jasa bongkar            Jakarta
                               muat/                   Selatan,
                               Loading and             23 Agustus 2024/
        PT Hasnur Multi        unloading               South Jakarta,
        Sinergi (HMLS)*        services                August 23, 2024                          -          54,25%      54,25%         305.002           61.355

        *) Belum beroperasi komersial pada 31 Desember 2025/It has not started commercial operation yet as at December 31, 2025
Page 245
PT HASNUR INTERNASIONAL SHIPPING TBK                              PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                      AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                      Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                             For the Years Ended
31 Desember 2025 dan 2024                                                           December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                           (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                               unless Otherwise Stated)


          Berdasarkan     Akta    Notaris    Utiek    R.           Based on the Notarial Deed No. 27 of Utiek R.
          Abdurachman, S.H., M.LI., M.Kn., No. 27                  Abdurachman, S.H., M.LI., M.Kn., dated June
          tanggal 27 Juni 2024, Perusahaan melakukan               27, 2024, the Company has increased its
          penambahan investasi pada HRT sebesar                    investment in HRT for 6,746,000 shares
          6.746.000      lembar       saham       senilai          amounting to Rp84,999,600,000, therefore, the
          Rp84.999.600.000,     sehingga    kepemilikan            Company's ownership in HRT has increased to
          Perusahaan pada HRT meningkat menjadi                    98.65%. This transaction was considered as an
          sebesar 98,65%. Transaksi ini dianggap                   equity transaction with the non-controlling
          sebagai transaksi ekuitas dengan kepentingan             interests. The difference between the recorded
          non-pengendali. Selisih antara jumlah tercatat           amount of non-controlling interests released
          kepentingan non-pengendali yang dilepas                  and the additional investment made by the
          dengan penambahan investasi yang dilakukan               Company amounted to Rp468,618,514 was
          oleh     Perusahaan        adalah     sebesar            recorded as part of "Transactions with non-
          Rp468.618.514 dicatat sebagai bagian dari                controlling interests" and presented as part of
          “Transaksi    dengan      kepentingan     non-           the equity component in the consolidated
          pengendali” dan disajikan sebagai bagian dari            statement of financial position.
          komponen ekuitas pada laporan posisi
          keuangan konsolidasian.

     e.   Penyelesaian         laporan        keuangan           e. Completion of the consolidated financial
          konsolidasian                                             statements
          Manajemen Grup bertanggung jawab atas                    The management of the Group is responsible
          penyusunan dan penyajian laporan keuangan                for the preparation and presentation of these
          konsolidasian yang telah diselesaikan dan                consolidated financial statements that were
          disetujui untuk diterbitkan oleh Direksi                 completed and authorized for issue by the
          Perusahaan pada tanggal 11 Februari 2026.                Company’s Directors on February 11, 2026.


2.   Ikhtisar Kebijakan Akuntansi yang Material             2.   Summary of Material Accounting Policies

     a.   Dasar penyusunan         laporan    keuangan           a. Basis of preparation of the consolidated
          konsolidasian                                             financial statements
          Laporan keuangan konsolidasian telah disusun             The consolidated financial statements have
          dan disajikan sesuai dengan Standar                      been prepared and presented in accordance
          Akuntansi Keuangan di Indonesia (“SAK”),                 with Indonesian Financial Accounting Standards
          yang mencakup Pernyataan dan Interpretasi                (“SAK”), which comprise the Statements and
          yang dikeluarkan oleh Dewan Standar                      Interpretations issued by the Financial
          Akuntansi Keuangan Ikatan Akuntan Indonesia              Accounting Standards Board of the Indonesian
          (“DSAK”) dan Peraturan-peraturan serta                   Institute of Accountants (“DSAK”) and the
          Pedoman Penyajian dan Pengungkapan                       Regulations and the Guidelines VIII.G.7 on
          laporan keuangan VIII.G.7 yang diterbitkan               Financial     Statement    Presentation    and
          oleh Otoritas Jasa Keuangan (OJK).                       Disclosures issued by Financial Services
                                                                   Authority (OJK).
          Kebijakan akuntansi yang diterapkan dalam                The accounting policies adopted in the
          penyusunan laporan keuangan konsolidasian                preparation of the consolidated financial
          untuk tahun yang berakhir 31 Desember 2025               statements for the year ended December 31,
          adalah konsisten dengan kebijakan akuntansi              2025 are consistent with those adopted in the
          yang diterapkan dalam penyusunan laporan                 preparation of the consolidated financial
          keuangan konsolidasian untuk tahun yang                  statements for the year ended December 31,
          berakhir 31 Desember 2024.                               2024.

          Grup telah menyusun laporan keuangan                     The Group has prepared the consolidated
          konsolidasian dengan dasar bahwa Grup akan               financial statements on the basis that it will
          terus mempertahankan kelangsungan usaha.                 continue to operate as a going concern.

          Laporan keuangan konsolidasian, kecuali                  The consolidated financial statements, except
          untuk laporan arus kas konsolidasian, disusun            for the consolidated statements of cash flows,
          berdasarkan      dasar    akrual      dengan             have been prepared on the accrual basis using
          menggunakan konsep biaya historis, kecuali               the historical cost concept of accounting, except
          untuk beberapa akun tertentu yang diukur                 for certain accounts which are measured on the
          berdasarkan     pengukuran      sebagaimana              basis described in the related accounting
          diuraikan dalam kebijakan akuntansi masing-              policies of each account.
          masing akun tersebut.
Page 246
PT HASNUR INTERNASIONAL SHIPPING TBK                      PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                              AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian              Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                     For the Years Ended
31 Desember 2025 dan 2024                                                   December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                   (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                       unless Otherwise Stated)


        Laporan arus kas konsolidasian yang disusun         The consolidated statements of cash flows,
        dengan menggunakan metode langsung,                 which have been prepared using the direct
        menyajikan penerimaan dan pengeluaran kas           method, present cash receipts and payments
        yang diklasifikasikan dalam aktivitas operasi,      classified into operating, investing and financing
        investasi dan pendanaan.                            activities.

        Mata uang pelaporan yang digunakan dalam            The presentation currency used in the
        penyusunan laporan keuangan konsolidasian           preparation of the consolidated financial
        adalah Rupiah, yang merupakan mata uang             statements is the Indonesian Rupiah, which is
        fungsional Perusahaan dan Entitas Anaknya.          the Company and its Subsidiaries’ functional
                                                            currency.

        Grup memilih menyajikan laporan laba rugi           The Group elected to present one single
        dan     penghasilan     komprehensif    lain        consolidated statement of profit or loss and
        konsolidasian dalam satu laporan dan                other comprehensive income and disclosed
        menyajikan tambahan pengungkapan sumber             source of estimation uncertainty in Note 3 and
        estimasi ketidakpastian pada Catatan 3 serta        capital management in Note 25.
        pengelolaan modal pada Catatan 25.

   b.   Prinsip-prinsip konsolidasi                      b. Principles of consolidation

        Laporan keuangan konsolidasian meliputi             The      consolidated     financial  statements
        laporan keuangan konsolidasian Perusahaan           incorporate      the    consolidated    financial
        dan entitas-entitas yang dikendalikan secara        statements of the Company and entities in
        langsung ataupun tidak langsung oleh                which the Company has the ability to directly or
        Perusahaan.                                         indirectly exercise control.
        Laporan keuangan Entitas Anak disusun               The financial statements of the Subsidiaries are
        dengan periode pelaporan yang sama dengan           prepared for the same reporting period as the
        Perusahaan Induk. Kebijakan akuntansi yang          Parent Company. The accounting policies
        digunakan dalam penyajian laporan keuangan          adopted in preparing the consolidated financial
        konsolidasian    telah   diterapkan     secara      statements have been consistently applied by
        konsisten oleh Grup, kecuali dinyatakan lain.       the Group, unless otherwise stated.

        Entitas-entitas anak dikonsolidasi secara           Subsidiaries are fully consolidated from the date
        penuh sejak tanggal akuisisi, yaitu tanggal         of acquisition, being the date on which the
        Grup memperoleh pengendalian sampai                 Group obtains control, and continue to be
        dengan        tanggal    Grup      kehilangan       consolidated until the date when such control
        pengendalian. Pengendalian dianggap ada             ceases. Control is presumed to exist if the
        ketika Grup memiliki secara langsung atau           Group owns, directly or indirectly through
        tidak langsung melalui entitas-entitas anak,        subsidiaries, more than half of the voting power
        lebih dari setengah kekuasaan suara entitas.        of an entity.
        Secara spesifik, Grup mengendalikan investee        Specifically, the Group controls an investee if
        jika dan hanya jika Grup memiliki seluruh hal       and only if the Group has:
        berikut ini:
        a. Kekuasaan atas investee (misal, hak yang         a.   Power over the investee (i.e., existing rights
             ada memberikan kemampuan kini untuk                 that give it the current ability to direct the
             mengarahkan aktivitas relevan investee).            relevant activities of the investee).
        b. Eksposur atau hak atas imbal hasil               b.   Exposure or rights to variable returns from
             variabel dari keterlibatannya dengan                its involvement with the investee, and
             investee, dan
        c. Kemampuan          untuk     menggunakan         c.   The ability to use its power over the
             kekuasaannya atas investee untuk                    investee to affect its returns.
             memengaruhi jumlah imbal hasil investor.

        Ketika Grup memiliki kurang dari hak suara          When the Group has less than a majority of the
        mayoritas, Grup dapat mempertimbangkan              voting or similar right of an investee, the Group
        semua fakta dan keadaan yang relevan dalam          considers all relevant facts and circumstances
        menilai apakah memiliki kekuasaan atas              in assessing whether it has power over an
        investee tersebut:                                  investee, including:
        a. Pengaturan kontraktual dengan pemilik             a. The contractual arrangement with the other
             hak suara yang lain.                                vote holders of the investee.
        b. Hak yang timbul dari pengaturan                   b. Rights arising from other contractual
             kontraktual lain.                                   arrangements.
        c. Hak suara dan hak suara potensial Grup.           c. The Group’s voting rights and potential
                                                                 voting rights.
Page 247
PT HASNUR INTERNASIONAL SHIPPING TBK                         PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                 AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                 Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                        For the Years Ended
31 Desember 2025 dan 2024                                                      December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                      (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                          unless Otherwise Stated)


       Grup menilai kembali apakah investor                    The Group re-assesses whether or not it
       mengendalikan investee jika fakta dan                   controls an investee if facts and circumstances
       keadaan mengindikasikan adanya perubahan                indicate that there are changes to one or more
       terhadap satu atau lebih dari tiga elemen               of the three elements of control. Consolidation
       pengendalian. Konsolidasi atas entitas anak             of subsidiaries begins when the Group obtains
       dimulai ketika Grup memiliki pengendalian atas          control over the subsidiaries and ceases when
       entitas anak dan berhenti ketika Grup                   the Group loses control of the subsidiaries.
       kehilangan pengendalian atas entitas anak.              Assets, liabilities, income, and expenses of
       Aset, liabilitas, penghasilan, dan beban atas           subsidiaries acquired or disposed of during the
       entitas anak yang diakuisisi atau dilepas               period are included in the consolidated
       selama periode termasuk dalam laporan laba              statement of profit or loss and other
       rugi dan penghasilan komprehensif lain                  comprehensive income from the date the
       konsolidasian dari tanggal Grup memperoleh              Group gains control until the date the Group
       pengendalian sampai dengan tanggal Grup                 ceases to control the subsidiaries.
       menghentikan pengendalian atas entitas anak.

       Laba atau rugi dan setiap komponen atas                 Profit or loss and each component of other
       penghasilan komprehensif lain diatribusikan             comprehensive income (OCI) are attributed to
       pada pemegang saham entitas induk Grup dan              the equity holders of the parent of the Group
       pada kepentingan non-pengendali (“KNP”),                and to the non-controlling interest (“NCI”), even
       walaupun hasil di kepentingan non-pengendali            if this results in the NCI having a deficit
       mempunyai saldo defisit.                                balance.
       Transaksi antar Perusahaan, saldo dan                   Inter-Company transactions, balances and
       keuntungan serta kerugian yang belum                    unrealized gains and losses on transactions
       direalisasi   dari  transaksi   antar     Grup          between Group companies are eliminated. All
       dieliminasi. Semua aset dan liabilitas, ekuitas,        intra-group assets and liabilities, equity,
       penghasilan, beban dan arus kas berkaitan               income, expenses and cash flows relating to
       dengan transaksi antar anggota Grup juga                transactions between members of the Group
       akan dieliminasi secara penuh dalam proses              are also eliminated in full on consolidation.
       konsolidasi.

       Bila diperlukan, penyesuaian dilakukan pada             When necessary, adjustments are made to the
       laporan keuangan Entitas Anak agar kebijakan            financial statements of Subsidiaries to bring
       akuntansinya     sesuai  dengan    kebijakan            their accounting policies in line with the
       akuntansi Grup.                                         Group’s accounting policies.

       Transaksi dengan kepentingan non-pengendali             Transactions with non-controlling interests that
       yang     tidak     mengakibatkan      hilangnya         do not result in loss of control are accounted
       pengendalian merupakan transaksi ekuitas.               for as equity transactions. The difference
       Selisih antara nilai wajar imbalan yang dibayar         between the fair value of any consideration
       dan bagian yang diakuisisi atas nilai tercatat          paid and the relevant share acquired of the
       aset neto entitas anak dicatat pada ekuitas.            carrying value of net assets of the subsidiaries
       Keuntungan      atau     kerugian    pelepasan          is recorded in equity. Gains or losses on
       kepentingan non-pengendali juga dicatat pada            disposals to non-controlling interests are also
       ekuitas.                                                recorded in equity.

       Perubahan kepemilikan pada entitas anak,                A change in the ownership interest of a
       tanpa kehilangan pengendalian, dihitung                 subsidiaries, without a loss of control, is
       sebagai transaksi ekuitas. Jika Grup                    accounted for as an equity transaction. If the
       kehilangan pengendalian atas Entitas Anak,              Group loses control over Subsidiaries, it:
       maka Grup:
       a. menghentikan pengakuan aset (termasuk                a.   derecognizes the assets (including
            setiap goodwill) dan liabilitas Entitas anak;           goodwill) and liabilities of the Subsidiaries;
       b. menghentikan pengakuan jumlah tercatat               b.   derecognizes the carrying amount of any
            setiap KNP;                                             NCI;
       c. menghentikan        pengakuan        akumulasi       c.   derecognizes the cumulative translation
            selisih penjabaran, yang dicatat di ekuitas,            differences, recorded in equity, if any;
            bila ada;
       d. mengakui nilai wajar pembayaran yang                 d.   recognizes the fair         value    of   the
            diterima;                                               consideration received;
       e. mengakui setiap sisa investasi pada nilai            e.   recognizes the fair        value    of    any
            wajarnya;                                               investment retained;
Page 248
PT HASNUR INTERNASIONAL SHIPPING TBK                          PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                  AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                  Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                         For the Years Ended
31 Desember 2025 dan 2024                                                       December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                       (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                           unless Otherwise Stated)


        f.     mengakui       setiap    perbedaan  yang          f.   recognizes any surplus or deficit in profit
               dihasilkan sebagai keuntungan atau                     or loss; and
               kerugian sebagai laba rugi; dan
        g.     mereklasifikasi ke laba rugi proporsi             g.   reclassifies the parent’s share of
               keuntungan dan kerugian yang telah                     components previously recognized in OCI
               diakui sebelumnya dalam penghasilan                    to profit or loss or retained earnings, as
               komprehensif lain atau saldo laba, begitu              appropriate, as would be required if the
               pula menjadi persyaratan jika Grup akan                Group had directly disposed of the related
               melepas secara langsung aset atau                      assets or liabilities.
               liabilitas yang terkait.

        KNP mencerminkan bagian atas laba atau rugi             NCI represents the portion of the profit or loss
        dan aset bersih dari Entitas Anak yang tidak            and net assets of the Subsidiaries not
        dapat diatribusikan secara langsung maupun              attributable directly or indirectly to the Company
        tidak langsung pada Perusahaan yang                     which are presented in the consolidated
        masing-masing disajikan dalam laporan laba              statement of profit or loss and other
        rugi dan penghasilan komprehensif lain                  comprehensive income and under the equity
        konsolidasian dan dalam ekuitas pada laporan            section of the consolidated statement of
        posisi keuangan konsolidasian, terpisah dari            financial position, respectively, separately from
        bagian yang dapat diatribusikan kepada                  the corresponding portion attributable to the
        pemilik entitas induk.                                  owner of the parent entity.

   c.   Klasifikasi lancar dan tidak lancar                  c. Current and non-current classification

        Grup menyajikan aset dan liabilitas dalam               The Group presents assets and liabilities in the
        laporan   posisi    keuangan      konsolidasian         consolidated statement of financial position
        berdasarkan klasifikasi lancar/tidak lancar.            based on current/non-current classification. An
        Suatu aset disajikan lancar bila:                       asset is current when it is:
         i) akan direalisasi, dijual atau dikonsumsi              i)  expected to be realized or intended to be
            dalam siklus operasi normal;                              sold or consumed in the normal operating
                                                                      cycle;
         ii)   untuk diperdagangkan;                             ii)  held primarily for the purpose of trading;
        iii)   akan direalisasi dalam 12 bulan setelah          iii)  expected to be realized within 12 months
               tanggal pelaporan, atau kas atau setara                after the reporting period, or cash or cash
               kas kecuali yang dibatasi penggunaannya                equivalent unless restricted from being
               atau akan digunakan untuk melunasi                     exchanged or used to settle a liability for
               suatu liabilitas dalam paling lambat                   at least 12 months after the reporting
               12 bulan setelah tanggal pelaporan.                    period.

        Seluruh aset lain diklasifikasikan sebagai tidak        All other assets are classified as non-current.
        lancar.

        Suatu liabilitas disajikan lancar bila:                 A liability is current when it is:
         i) akan dilunasi dalam siklus operasi normal;            i) expected to be settled in the normal
                                                                      operating cycle;
         ii) untuk diperdagangkan;                               ii) held primarily for the purpose of trading;
        iii) akan dilunasi dalam 12 bulan setelah               iii) due to be settled within 12 months after the
             tanggal pelaporan; atau                                  reporting period; or
        iv) tidak ada hak tanpa syarat untuk                    iv) there is no unconditional right to defer the
             menangguhkan      pelunasannya  dalam                    settlement of the liability for at least 12
             paling tidak 12 bulan setelah tanggal                    months after the reporting period.
             pelaporan.

        Seluruh liabilitas lain diklasifikasikan sebagai        All other liabilities are classified as non-current.
        tidak lancar.

        Aset      dan    liabilitas pajak    tangguhan          Deferred tax assets and liabilities are classified
        diklasifikasikan sebagai aset dan liabilitas tidak      as non-current assets and liabilities.
        lancar.
Page 249
PT HASNUR INTERNASIONAL SHIPPING TBK                        PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                       For the Years Ended
31 Desember 2025 dan 2024                                                     December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                     (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                         unless Otherwise Stated)


   d.   Kombinasi bisnis entitas sepengendali              d. Business combination of entities under
                                                              common control

        Kombinasi bisnis antara entitas sepengendali           Business combination involving entities under
        diperlakukan sesuai dengan PSAK 338.                   common control is accounted in accordance
        Berdasarkan PSAK 338, transaksi kombinasi              with PSAK 338. Under PSAK 338, business
        bisnis entitas sepengendali, berupa pengalihan         combination of entities under common control
        bisnis    yang    dilakukan    dalam   rangka          transactions, such as transfers of business
        reorganisasi entitas-entitas yang berada di            conducted within the framework of the
        dalam suatu Grup yang sama, bukan                      reorganization of the entities that are in the
        merupakan perubahan kepemilikan dalam arti             same group, is not a change of ownership in
        substansi ekonomi, sehingga transaksi                  terms of economic substance, so that the
        tersebut tidak menimbulkan laba atau rugi bagi         transaction does not result in a gain or loss for
        Grup secara keseluruhan ataupun bagi entitas           the Group as a whole or for individual entities
        individu dalam Grup tersebut.                          within the Group.

        Karena transaksi kombinasi bisnis entitas              Since the business combination transaction of
        sepengendali tidak menyebabkan perubahan               entities under common control does not result to
        substansi ekonomi kepemilikan atas bisnis              change of ownership in terms of the economic
        yang dipertukarkan, maka transaksi tersebut            substance of the business which are
        diakui pada jumlah tercatat berdasarkan                exchanged, the transaction is recognized in the
        metode penyatuan kepemilikan.                          carrying amount based on the pooling of
                                                               interest method.

        Dalam menerapkan metode penyatuan                      In applying pooling of interest method, the
        kepemilikan, unsur-unsur laporan keuangan              components of the financial statements for the
        dari entitas yang bergabung untuk periode              period during which the restructuring occurred
        terjadinya      kombinasi    bisnis    entitas         and for other periods presented for comparison
        sepengendali dan untuk periode komparatif              purposes are presented in such a manner as if
        sajian, disajikan sedemikian rupa seolah-olah          the restructuring has already happened since
        penggabungan tersebut telah terjadi sejak              the beginning of the entity is under common
        awal periode entitas yang bergabung berada             control. The carrying values of the elements of
        dalam sepengendalian. Jumlah tercatat dari             those statements are the carrying amount of the
        unsur-unsur laporan keuangan tersebut                  joining entity in a business combination under
        merupakan jumlah tercatat dari entitas yang            common control. The difference between the
        bergabung dalam kombinasi bisnis entitas               consideration transferred and the carrying
        sepengendali. Selisih antara imbalan yang              amount of any business combination under
        dialihkan dan jumlah tercatat dari setiap              common control transactions in equity are
        transaksi      kombinasi     bisnis    entitas         presented under additional paid-in capital.
        sepengendali disajikan di ekuitas dalam pos
        tambahan modal disetor.

   e.   Instrumen keuangan                                e.   Financial instruments

        Instrumen keuangan adalah setiap kontrak               A financial instrument is any contract that gives
        yang memberikan kenaikan nilai aset                    rise to a financial asset of one entity and a
        keuangan dari satu entitas dan liabilitas              financial liability or equity instrument of another
        keuangan atau instrumen ekuitas dari entitas           entity.
        lainnya.

        (i)   Aset keuangan                                    (i)   Financial assets

              Klasifikasi dan pengakuan awal                         Classification and initial recognition

              Klasifikasi dan pengukuran aset keuangan               Classification and measurement of financial
              harus didasarkan pada bisnis model dan                 assets are based on business model and
              arus kas kontraktual - apakah semata dari              contractual cash flows - whether from solely
              pembayaran pokok dan bunga.                            payment of principal and interest.
Page 250
PT HASNUR INTERNASIONAL SHIPPING TBK                        PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                       For the Years Ended
31 Desember 2025 dan 2024                                                     December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                     (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                         unless Otherwise Stated)


           Aset keuangan diklasifikasikan dalam dua              Financial assets are classified in the two
           kategori sebagai berikut:                             categories as follows:
           1. Aset keuangan yang diukur dengan                   1. Financial assets at amortized cost;
               biaya amortisasi;
           2. Aset keuangan yang diukur dengan                   2.   Financial assets at Fair Value Through
               nilai wajar melalui laba rugi atau                     Profit and Loss (FVTPL) or Other
               melalui penghasilan komprehensif                       Comprehensive Income (FVOCI).
               lain.

           Grup     menentukan     klasifikasi aset              The Group determines the classification of
           keuangan tersebut pada pengakuan awal                 its financial assets at initial recognition and
           dan tidak bisa melakukan perubahan                    can not change the classification already
           setelah penerapan awal tersebut.                      made at initial adoption.

           Semua aset keuangan pada awalnya                      All financial assets are recognized initially
           diakui sebesar nilai wajarnya ditambah                at fair value plus transaction costs, except
           dengan biaya-biaya transaksi, kecuali aset            in the case of financial assets which are
           keuangan dicatat pada nilai wajar melalui             recorded at fair value through consolidated
           laporan laba rugi dan penghasilan                     statement of profit or loss and other
           komprehensif lain konsolidasian.                      comprehensive income.

           Klasifikasi    aset    keuangan       pada            The classification of financial assets at
           pengakuan      awal    tergantung     pada            initial recognition depends on the financial
           karakteristik arus kas kontraktual aset               asset’s contractual cash flow characteristics
           keuangan dan model bisnis Grup dalam                  and the Group’s business model for
           mengelola aset keuangan tersebut.                     managing them. With the exception of trade
           Kecuali untuk piutang usaha yang tidak                receivables that do not contain a significant
           memiliki komponen pendanaan yang                      financing component for which the Group
           signifikan dan atau saat Grup menerapkan              has applied the practical expedient, the
           panduan praktis, pada saat pengakuan                  Group initially measures a financial asset at
           awal Grup mengukur aset keuangan pada                 its fair value plus, in the case of a financial
           nilai wajarnya ditambah, dalam hal aset               asset not at FVTPL, transactions costs.
           keuangan tidak diukur pada FVTPL, biaya               Trade receivables that do not contain a
           transaksi. Untuk piutang usaha yang tidak             significant financing component or which
           memiliki komponen pendanaan yang                      the Group has applied the practical
           signifikan atau ketika Grup menerapkan                expedient are measured at the transaction
           panduan praktis, diukur sesuai harga                  price determined under PSAK 115.
           transaksi seperti yang didefinisikan dalam
           PSAK 115.

           Pembelian atau penjualan aset keuangan                Purchases or sales of financial assets that
           yang memerlukan penyerahan aset dalam                 require delivery of assets within a time
           kurun waktu yang ditetapkan oleh                      frame established by regulation or
           peraturan atau kebiasaan yang berlaku di              convention in the marketplace (regular way
           pasar (perdagangan yang lazim) diakui                 trades) are recognized on the trade date,
           pada tanggal perdagangan, yaitu pada                  i.e., the date that the Group commits to
           tanggal Grup berkomitmen untuk membeli                purchase or sell the assets.
           atau menjual aset tersebut.

           Aset keuangan Grup meliputi kas dan                   The Group’s financial assets include cash
           setara kas, piutang usaha, piutang lain-              and cash equivalent, trade receivables,
           lain dan piutang dari pihak berelasi yang             other receivables and due from a related
           diklasifikasikan sebagai aset keuangan                party which are classified as financial
           yang diukur dengan biaya perolehan                    assets at amortized cost. Financial assets
           diamortisasi.        Aset         keuangan            in this category are classified as current
           diklasifikasikan sebagai aset lancar jika             assets if expected to be settled within 12
           jatuh tempo dalam waktu 12 bulan, jika                months, otherwise they are classified as
           tidak     maka     aset    keuangan       ini         non-current.
           diklasifikasikan sebagai aset tidak lancar.
Page 251
PT HASNUR INTERNASIONAL SHIPPING TBK                         PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                 AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                 Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                        For the Years Ended
31 Desember 2025 dan 2024                                                      December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                      (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                          unless Otherwise Stated)


           Pengukuran setelah pengakuan awal                      Subsequent measurement

           Aset keuangan yang diukur dengan biaya                 Financial assets at amortized cost.
           diamortisasi.

           Aset keuangan yang diukur dengan biaya                 Financial assets at amortized cost are
           diamortisasi selanjutnya diukur dengan                 subsequently measured using the Effective
           menggunakan metode suku bunga efektif                  Interest Rate (“EIR”) method, less
           (Effective Interest Rate) (“EIR”), setelah             impairment. Amortized cost is calculated by
           dikurangi dengan penurunan nilai. Biaya                taking into account any discount or
           perolehan yang diamortisasi dihitung                   premium on acquisition fees or costs that
           dengan memperhitungkan diskonto atau                   are an integral part of the EIR. The EIR
           premi atas biaya akuisisi atau biaya yang              amortization is included in the consolidated
           merupakan bagian integral dari EIR                     profit or loss. The losses arising from
           tersebut. Amortisasi EIR dicatat dalam                 impairment are also recognized in the
           laporan laba rugi dan penghasilan                      consolidated statement of profit or loss and
           komprehensif lain konsolidasian. Kerugian              other comprehensive income.
           yang timbul dari penurunan nilai juga
           diakui pada laporan laba rugi dan
           penghasilan        komprehensif        lain
           konsolidasian.

       (ii) Liabilitas keuangan                               (ii) Financial liabilities

           Pengakuan awal                                         Initial recognition

           Liabilitas keuangan dalam lingkup PSAK                 Financial liabilities within the scope of
           109 diklasifikasikan sebagai berikut:                  PSAK 109 are classified as follows:

           1.   Liabilitas keuangan yang diukur                   1.   Financial liabilities at amortized cost;
                dengan biaya diamortisasi;
           2.   Liabilitas keuangan yang diukur                   2.   Financial liabilities at Fair Value
                dengan nilai wajar melalui laba rugi.                  Through Profit and Loss (FVTPL).

           Grup menentukan klasifikasi liabilitas                 The Group determines the classification of
           keuangan mereka pada saat pengakuan                    its financial liabilities at initial recognition.
           awal.

           Seluruh liabilitas keuangan diakui pada                All financial liabilities are recognized initially
           awalnya sebesar nilai wajar, dan dalam                 at fair value, and in the case of loans and
           hal pinjaman dan utang, termasuk biaya                 borrowings, inclusive of directly attributable
           transaksi yang dapat diatribusikan secara              transaction costs.
           langsung.

           Liabilitas keuangan Grup meliputi utang                The Group’s financial liabilities include
           usaha, utang lain-lain, liabilitas yang                trade payables, other payables, accrued
           masih harus dibayar, pinjaman bank                     liabilities, long-term bank loan, due to
           jangka panjang, utang kepada pihak-pihak               related parties, and lease liabilities which
           berelasi dan liabilitas sewa yang                      are classified as financial liabilities at
           diklasifikasikan       sebagai      liabilitas         amortized cost. Financial liabilities are
           keuangan yang diukur pada biaya                        classified as non-current liabilities when the
           perolehan        diamortisasi.     Liabilitas          remaining maturity is more than 12 months,
           keuangan        diklasifikasikan    sebagai            and as current liabilities when the remaining
           liabilitas jangka panjang jika jatuh tempo             maturity is less than 12 months.
           melebihi 12 bulan dan sebagai liabilitas
           jangka pendek jika jatuh tempo yang
           tersisa kurang dari 12 bulan.
Page 252
PT HASNUR INTERNASIONAL SHIPPING TBK                         PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                 AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                 Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                        For the Years Ended
31 Desember 2025 dan 2024                                                      December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                      (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                          unless Otherwise Stated)


           Pengukuran setelah pengakuan awal                      Subsequent measurement

           Liabilitas keuangan yang diukur dengan                 Financial liabilities at amortized cost.
           biaya diamortisasi.

           Liabilitas keuangan yang diukur pada                   Financial liabilities at amortized cost (e.g
           biaya amortisasi (misalnya pinjaman dan                interest-bearing loans and borrowings) are
           utang yang dikenakan bunga) selanjutnya                subsequently measured using the EIR
           diukur dengan menggunakan metode EIR.                  method. The EIR amortization is included in
           Amortisasi EIR termasuk di dalam biaya                 finance costs in the consolidated statement
           keuangan dalam laporan laba rugi                       of profit or loss.
           konsolidasian.

           Keuntungan atau kerugian diakui dalam                  Gains or losses are recognized in the
           laporan laba rugi konsolidasian pada                   consolidated profit or loss when the
           saat    liabilitas tersebut dihentikan                 liabilities are derecognized as well as
           pengakuannya serta melalui proses                      through the EIR amortization process.
           amortisasi EIR.

           Saling hapus dari instrumen keuangan                   Offsetting of financial instruments

           Aset keuangan dan liabilitas keuangan                  Financial assets and financial liabilities are
           disaling hapus dan nilai bersihnya                     offset and the net amount reported in the
           disajikan dalam laporan posisi keuangan                consolidated statement of financial position
           konsolidasian jika, dan hanya jika, entitas            if, and only if, there is a currently
           saat ini memiliki hak yang dapat                       enforceable legal right to offset the
           dipaksakan      secara     hukum     untuk             recognized amounts and there is an
           melakukan saling hapus atas jumlah yang                intention to settle on a net basis, or to
           telah    diakui    dan     berniat   untuk             realize the assets and settle the liabilities
           menyelesaikan secara neto, atau untuk                  simultaneously. The legally enforceable
           merealisasikan aset dan menyelesaikan                  right must not be contingent on future
           kewajibannya secara simultan. Hak yang                 events and must be enforceable in the
           berkekuatan hukum tersebut tidak harus                 normal course of business and in the event
           bergantung pada kejadian masa depan                    of default, insolvency or bankruptcy of the
           dan harus dapat dilaksanakan dalam                     Group or the counterparty.
           kegiatan usaha normal dan dalam hal
           gagal bayar, pailit atau kebangkrutan dari
           Grup atau pihak lawan.

           Nilai wajar dari instrumen keuangan                    Fair value of financial instruments

           Grup   menilai instrumen keuangan,                     The Group measures financial instruments,
           termasuk derivatif, sebesar nilai wajar                including derivatives, at fair value at each
           pada setiap tanggal laporan posisi                     consolidated statement of financial position
           keuangan konsolidasian.                                date.

           Nilai wajar adalah harga yang akan                     Fair value is the price that would be
           diterima untuk menjual suatu aset atau                 received to sell an asset or paid to transfer
           harga       yang    akan     dibayar     untuk         a liability in an orderly transaction between
           mengalihkan suatu liabilitas dalam                     market participants at the measurement
           transaksi teratur antara pelaku pasar pada             date. The fair value measurement is based
           tanggal pengukuran. Pengukuran nilai                   on the presumption that the transaction to
           wajar mengasumsikan bahwa transaksi                    sell the asset or transfer the liability takes
           untuk menjual aset atau mengalihkan                    place either:
           liabilitas terjadi:
           - di pasar utama untuk aset dan liabilitas             -   in the principal market for the asset and
               tersebut, atau                                         liability, or
           - jika tidak terdapat pasar utama, di                  -   in the absence of a principal market, in
               pasar yang paling menguntungkan                        the most advantageous market for the
               untuk aset atau liabilitas tersebut.                   asset or liability.
Page 253
PT HASNUR INTERNASIONAL SHIPPING TBK                         PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                 AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                 Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                        For the Years Ended
31 Desember 2025 dan 2024                                                      December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                      (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                          unless Otherwise Stated)


           Grup harus memiliki akses ke pasar                     The principal or the most advantageous
           utama   atau   pasar   yang  paling                    market must be accessible to by the Group.
           menguntungkan.

           Nilai wajar aset atau liabilitas diukur                The fair value of an asset or a liability is
           menggunakan      asumsi     yang    akan               measured using the assumptions that
           digunakan     pelaku    pasar     ketika               market participants would use when pricing
           menentukan harga aset atau liabilitas                  the asset or liability, assuming that market
           tersebut, dengan asumsi bahwa pelaku                   participants act in their economic best
           pasar     utamanya    bertindak   untuk                interest.
           kepentingan ekonomi terbaik mereka.

           Pengukuran nilai wajar atas aset                       The measurement of fair value of a
           non-keuangan         memperhitungkan                   non-financial asset takes into account the
           kemampuan     pelaku   pasar   dalam                   ability of market participants to generate the
           menghasilkan manfaat ekonomi tertinggi                 highest economic benefit in the use of the
           dalam penggunaan aset atau dengan                      asset or by selling it to another market
           menjualnya kepada pelaku pasar lain                    participant who will make maximum use of
           yang akan menggunakan aset tersebut                    the asset.
           secara maksimal.

           Grup menggunakan teknik penilaian yang                 The Group uses valuation techniques that
           sesuai dengan keadaan dan dimana data                  are appropriate in the circumstances and
           memadai tersedia untuk mengukur nilai                  for which sufficient data are available to
           wajar, memaksimalkan penggunaan input                  measure fair value, maximizing the use of
           yang dapat diobservasi yang relevan dan                relevant observable inputs and minimizing
           meminimalkan penggunaan input relevan                  the use of unobservable inputs.
           yang tidak dapat diobservasi.

           Seluruh aset dan liabilitas yang mana nilai            All assets and liabilities for which fair value
           wajar aset atau liabilitas tersebut diukur             is measured or disclosed in the
           atau diungkapkan, dikategorikan dalam                  consolidated financial statements are
           hirarki nilai wajar sebagai berikut:                   categorized within the fair value hierarchy
                                                                  as follows:
           -   Level 1 - Harga kuotasian (tanpa                   -    Level 1 - Quoted (unadjusted) market
               penyesuaian) di pasar aktif untuk aset                  prices in active markets for identical
               atau liabilitas yang identik;                           assets or liabilities;
           -   Level 2 - Teknik penilaian dimana input            -    Level 2 - Valuation techniques for
               level    terendah      yang     signifikan              which the lowest level input that is
               terhadap pengukuran nilai wajar yang                    significant    to      the   fair    value
               dapat      diobservasi     baik    secara               measurement is directly or indirectly
               langsung atau tidak langsung;                           observable;
           -   Level 3 - Teknik penilaian dimana input            -    Level 3 - Valuation techniques for
               level    terendah      yang     signifikan              which the lowest level input that is
               terhadap pengukuran yang tidak dapat                    significant    to      the   fair    value
               diobservasi.                                            measurement is unobservable.

            Untuk aset dan liabilitas yang diakui                 For assets and liabilities that are recognized
            sebesar nilai wajar dalam laporan                     at fair value in the consolidated financial
            keuangan konsolidasian secara berulang,               statements on a recurring basis, the Group
            Grup menentukan apakah terjadi transfer               determines     whether       transfers   have
            antar Level di dalam hierarki dengan cara             occurred between Levels in the hierarchy
            mengevaluasi kategori (berdasarkan                    by re-assessing categorization (based on
            input level terendah yang signifikan                  the lowest level input that is significant to
            dalam pengukuran nilai wajar secara                   the fair value measurement as a whole) at
            keseluruhan) pada setiap akhir periode                the end of each reporting year.
            pelaporan.

            Untuk tujuan pengungkapan nilai wajar,                For the purpose of fair value disclosures,
            Grup telah menentukan kategori aset dan               the Group has determined classes of assets
            liabilitas berdasarkan sifat, karakteristik,          and liabilities on the basis of the nature,
            dan risiko dari aset atau liabilitas tersebut         characteristics and risks of the asset or
            dan level hierarki nilai wajar seperti                liability and the level of the fair value
            dijelaskan di atas.                                   hierarchy as explained above.
Page 254
PT HASNUR INTERNASIONAL SHIPPING TBK                       PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                               AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian               Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                      For the Years Ended
31 Desember 2025 dan 2024                                                    December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                    (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                        unless Otherwise Stated)


            Penyesuaian risiko kredit                           Credit risk adjustment

            Grup melakukan penyesuaian harga                    The Group adjusts the price in the more
            dalam kondisi pasar yang lebih                      advantageous market to reflect any
            menguntungkan untuk mencerminkan                    differences in counterparty credit risk
            adanya perbedaan risiko kredit di pihak             between instruments traded in that market
            lawan     antara     instrumen      yang            and the ones being valued for financial
            diperdagangkan di pasar tersebut dengan             asset positions. In determining the fair value
            instrumen yang sedang dinilai untuk                 of financial liability positions, the Group's
            posisi    aset     keuangan.      Dalam             own credit risk associated with the
            menentukan     nilai   wajar    liabilitas          instrument is taken into account.
            keuangan, risiko kredit Grup terkait
            dengan instrumen harus diperhitungkan.

            Penurunan nilai aset keuangan                       Impairment of financial assets

            Grup mengakui cadangan untuk kerugian               The Group recognizes an allowance for
            kredit ekspektasian (“ECL”) untuk seluruh           expected credit losses (“ECL”) for all debt
            instrumen       utang      yang      tidak          instruments not held at FVTPL. ECL are
            diklasifikasikan sebagai diukur pada                based on the difference between the
            FVTPL. ECL didasarkan pada perbedaan                contractual cash flows due in accordance
            antara arus kas kontraktual yang tertuang           with the contract and all the cash flows that
            dalam kontrak dan seluruh arus kas yang             the Group expects to receive, discounted at
            diharapkan      akan    diterima    Grup,           an approximation of the original effective
            didiskontokan menggunakan suku bunga                interest rate. The expected cash flows will
            efektif awal. Arus kas yang diharapkan              include cash flows from the sale of
            akan diterima tersebut mencakup arus                collateral held or other credit enhancements
            kas dari penjualan agunan yang dimiliki             that are integral to the contractual terms.
            atau perluasan kredit lainnya yang
            merupakan       bagian     integral    dari
            persyaratan kontrak.

            ECL diakui dalam dua tahap. Untuk risiko            ECL are recognized in two stages. For
            kredit atas instrumen keuangan yang                 credit exposures for which there has not
            tidak mengalami peningkatan secara                  been a significant increase in credit risk
            signifikan   sejak    pengakuan    awal,            since initial recognition, ECL are provided
            pengukuran        penyisihan    kerugian            for credit losses that result from default
            dilakukan sejumlah ECL 12 bulan. Untuk              events that are possible within the next 12
            risiko kredit atas instrumen keuangan               months. For those credit exposures for
            yang mengalami peningkatan secara                   which there has been a significant increase
            signifikan   sejak    pengakuan    awal,            in credit risk since initial recognition, a loss
            penyisihan kerugian dilakukan sepanjang             allowance is required for credit losses
            sisa umurnya, terlepas dari waktu                   expected over the remaining life of the
            terjadinya default (ECL sepanjang umur).            exposure, irrespective of the timing of the
                                                                default (a lifetime ECL).

            Karena piutang usaha tidak memiliki                 Because its trade receivables do not
            komponen pembiayaan signifikan, Grup                contain significant financing component,
            menerapkan       pendekatan        yang             the Group applies a simplified approach in
            disederhanakan dalam perhitungan ECL.               calculating ECL. Therefore, the Group does
            Oleh karena itu, Grup tidak menelusuri              not track changes in credit risk, but instead
            perubahan dalam risiko kredit, namun                recognizes a loss allowance based on
            justru mengakui penyisihan kerugian                 lifetime ECL at each reporting date. The
            berdasarkan ECL sepanjang umurnya                   Group established a provision matrix that is
            pada setiap tanggal pelaporan. Grup                 based on its historical credit loss
            membentuk matriks provisi berdasarkan               experience, adjusted for forward-looking
            pengalaman kerugian kredit masa                     factors specific to the debtors and the
            lampau, disesuaikan dengan perkiraan                economic environment.
            masa depan (forward-looking) atas faktor
            yang spesifik untuk debitur dan
            lingkungan ekonomi.
Page 255
PT HASNUR INTERNASIONAL SHIPPING TBK                       PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                               AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian               Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                      For the Years Ended
31 Desember 2025 dan 2024                                                    December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                    (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                        unless Otherwise Stated)


            Grup mempertimbangkan aset keuangan                 The Group considers a financial asset in
            memenuhi definisi default ketika telah              default when contractual payments are 90
            menunggak lebih dari 90 hari. Namun,                days past due. However, in certain cases,
            dalam kasus-kasus tertentu, Grup juga               the Group may also consider a financial
            dapat menganggap aset keuangan                      asset to be in default when internal or
            dalam keadaan default ketika informasi              external information indicates that the
            internal atau eksternal menunjukkan                 Group is unlikely to receive the outstanding
            bahwa Grup tidak mungkin menerima                   contractual amounts in full before taking
            arus kas kontraktual secara penuh tanpa             into account any credit enhancements held
            melakukan perluasan persyaratan kredit.             by the Group. Trade receivables is written
            Piutang usaha dihapusbukukan ketika                 off when there is low possibility of
            kecil kemungkinan untuk memulihkan                  recovering the contractual cash flow, after
            arus kas kontraktual, setelah semua                 all collection efforts have been done and
            upaya penagihan telah dilakukan dan                 have been fully provided for allowance.
            telah sepenuhnya dilakukan penyisihan.

            Penghentian pengakuan                                Derecognition

            (i) Aset keuangan                                   (i) Financial assets

               Suatu aset keuangan, atau mana                     A financial asset, or where applicable a
               yang berlaku, bagian dari aset                     part of a financial asset or part of a group
               keuangan atau bagian dari kelompok                 of    similar     financial    assets,     is
               aset keuangan sejenis, dihentikan                  derecognized when:
               pengakuannya pada saat:
               a) Hak kontraktual atas arus kas                    a)   The contractual rights to receive
                   yang berasal dari aset keuangan                      cash flows from the financial asset
                   tersebut berakhir; atau                              have expired; or
               b) Grup         mentransfer          hak            b)   The Group has transferred its
                   kontraktual untuk menerima arus                      contractual rights to receive cash
                   kas yang berasal dari aset                           flows from the financial asset or has
                   keuangan atau menanggung                             assumed an obligation to pay them
                   kewajiban untuk membayar arus                        in full without material delay to a
                   kas    yang      diterima     tanpa                  third party under a “pass-through”
                   penundaan       yang      signifikan                 arrangement and either (i) has
                   kepada pihak ketiga melalui                          transferred substantially all the risks
                   suatu kesepakatan penyerahan                         and rewards of the financial asset,
                   dan (i) secara substansial                           or (ii) has neither transferred nor
                   mentransfer seluruh risiko dan                       retained substantially all the risks
                   manfaat atas kepemilikan aset                        and rewards of the financial asset,
                   keuangan tersebut, atau (ii)                         but has transferred control of the
                   secara       substansial       tidak                 financial asset.
                   mentransfer dan tidak memiliki
                   seluruh risiko dan manfaat atas
                   kepemilikan     aset     keuangan
                   tersebut,       namun          telah
                   mentransfer pengendalian atas
                   aset keuangan tersebut.

              Ketika Grup telah mentransfer hak                     When the Group has transferred its
              untuk menerima arus kas dari aset                     rights to receive cash flows from an
              atau       telah     menandatangani                   asset or has entered into a pass-
              kesepakatan pelepasan (pass through                   through arrangement, and has neither
              arrangement), dan secara substansial                  transferred nor retained substantially all
              tidak mentransfer dan tidak memiliki                  of the risks and rewards of the asset nor
              seluruh risiko dan manfaat atas aset                  transferred control of the asset, the
              keuangan,      maupun    mentransfer                  asset is recognized to the extent of the
              pengendalian atas aset, aset tersebut                 Group’s continuing involvement in the
              diakui        sejauh     keterlibatan                 asset.
              berkelanjutan Grup terhadap aset
              keuangan tersebut.
Page 256
PT HASNUR INTERNASIONAL SHIPPING TBK                       PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                               AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian               Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                      For the Years Ended
31 Desember 2025 dan 2024                                                    December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                    (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                        unless Otherwise Stated)


              Keterlibatan   berkelanjutan   yang                   Continuing involvement that takes the
              berbentuk pemberian jaminan atas                      form of a guarantee over the transferred
              aset yang ditransfer diukur sebesar                   asset is measured at the lower of the
              jumlah terendah dari jumlah tercatat                  original carrying amount of the asset
              aset dan jumlah maksimal dari                         and     the    maximum     amount      of
              pembayaran yang diterima yang                         consideration that the Group could be
              mungkin harus dibayar kembali.                        required to repay.

              Dalam hal ini, Grup juga mengakui                     In that case, the Group also recognizes
              liabilitas terkait. Aset yang ditransfer              an associated liability. The transferred
              dan liabilitas terkait diukur dengan                  asset and the associated liability are
              dasar yang mencerminkan hak dan                       measured on a basis that reflects the
              liabilitas yang masih dimiliki Grup.                  rights and obligations that the Group
                                                                    has retained.

              Pada saat penghentian pengakuan                       On derecognition of a financial asset in
              atas     aset    keuangan       secara                its entirety, the difference between the
              keseluruhan, maka selisih antara nilai                carrying amount and the sum of (i) the
              tercatat   dan     jumlah    dari   (i)               consideration received, including any
              pembayaran yang diterima, termasuk                    new asset obtained less any new
              setiap aset baru yang diperoleh                       liability   assumed;      and    (ii)  any
              dikurangi setiap liabilitas baru yang                 cummulative gain or loss that has been
              harus ditanggung; dan (ii) setiap                     recognized directly in equity is
              keuntungan atau kerugian kumulatif                    recognized       in    the    consolidated
              yang telah diakui secara langsung                     statements of profit or loss and other
              dalam ekuitas harus diakui pada                       comprehensive income.
              laporan laba rugi dan penghasilan
              komprehensif lain konsolidasian.

           (ii) Liabilitas keuangan                             (ii) Financial liabilities

              Liabilitas    keuangan      dihentikan                A financial liability is derecognized when
              pengakuannya ketika liabilitas yang                   the obligation specified in the contract is
              ditetapkan dalam kontrak dihentikan                   discharged or cancelled or expired.
              atau dibatalkan atau kedaluwarsa.                     The difference between the carrying
              Selisih antara jumlah tercatat liabilitas             amount of the financial liability
              keuangan         yang       dihentikan                derecognized and the consideration
              pengakuannya dan imbalan yang                         paid and payable is recognized in profit
              dibayarkan dan utang diakui dalam                     or loss.
              laba rugi.

              Ketika liabilitas keuangan saat ini                   When an existing financial liability is
              digantikan dengan yang lain dari                      replaced by another from the same
              pemberi pinjaman yang sama dengan                     lender on substantially different terms,
              persyaratan yang berbeda secara                       or the terms of an existing liability are
              substansial, atau modifikasi secara                   substantially    modified,     such      an
              substansial atas ketentuan liabilitas                 exchange or modification is treated as a
              keuangan yang saat ini ada, maka                      derecognition of the original liability and
              pertukaran atau modifikasi tersebut                   the recognition of a new liability, and the
              dicatat sebagai penghapusan liabilitas                difference in the respective carrying
              keuangan awal dan pengakuan                           amounts is recognized in profit or loss.
              liabilitas keuangan baru, dan selisih
              antara nilai tercatat liabilitas keuangan
              tersebut diakui sebagai laba rugi.
Page 257
PT HASNUR INTERNASIONAL SHIPPING TBK                          PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                  AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                  Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                         For the Years Ended
31 Desember 2025 dan 2024                                                       December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                       (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                           unless Otherwise Stated)


   f.   Transaksi dengan pihak-pihak berelasi                f. Transactions with related parties

        Pihak-pihak berelasi adalah orang atau entitas          A related party is a person or entity that is
        yang terkait dengan Grup:                               related to the Group:

        a. Orang atau anggota keluarga dekatnya                 a.     A person or a close member of that
           yang mempunyai relasi dengan Grup jika                      person's family is related to the Group if
           orang tersebut:                                             that person:
           (i) memiliki        pengendalian     atau                   (i) has control or joint control over
                 pengendalian bersama atas Grup;                             the Group;
           (ii) memiliki pengaruh signifikan atas                      (ii) has      significant influence    over
                 Grup; atau                                                  the Group; or
           (iii) personil manajemen kunci Grup atau                    (iii) is a member of the key management
                 entitas induk Grup.                                         personnel of the Group or of a parent
                                                                             of the Group.

        b. Suatu entitas berelasi dengan Grup jika               b.      An entity is related to the Group if any of
           memenuhi salah satu hal berikut:                              the following conditions applies:
           (i)    entitas dan Grup adalah anggota dari                   (i) the entity and the Group are
                  Grup usaha yang sama (artinya                                members of the same Group (which
                  entitas induk, entitas anak, dan                             means that each parent, subsidiaries
                  entitas    anak     berikutnya    saling                     and fellow subsidiaries is related to
                  berelasi dengan entitas lainnya);                            the others);
           (ii) satu entitas adalah entitas asosiasi                  (ii) one entity is an associate or joint
                  atau ventura bersama dari entitas lain                    venture of the other entity (or an
                  (atau entitas asosiasi atau ventura                       associate or joint venture of a member
                  bersama yang merupakan anggota                            of a group of which the other entity is a
                  suatu kelompok usaha, yang mana                           member);
                  entitas     lain     tersebut    adalah
                  anggotanya);
           (iii) kedua entitas tersebut adalah ventura                (iii) both entities are joint ventures of
                  bersama dari pihak ketiga yang sama;                      the same third party;
           (iv) satu entitas adalah ventura bersama                   (iv) one entity is a joint venture of a third
                  dari entitas ketiga dan entitas yang                      entity and the other entity is an
                  lain adalah entitas asosiasi dari                         associate of the third entity;
                  entitas ketiga;
           (v) entitas tersebut adalah suatu program                  (v) the entity is a post-employment
                  imbalan pasca kerja untuk imbalan                        defined benefit plan for the benefit of
                  kerja dari salah satu entitas pelapor                    employees of either the reporting entity
                  atau entitas yang terkait dengan                         or      an     entity     related       to
                  Grup;                                                    the Group;
           (vi) entitas yang dikendalikan atau                        (vi) the entity is controlled or jointly
                  dikendalikan bersama oleh orang                          controlled by a person identified in a);
                  yang diidentifikasi dalam huruf a);
           (vii) orang yang diidentifikasi dalam huruf                (vii) a person identified in a) i) has
                  a) i) memiliki pengaruh signifikan atas                    significant influence over the entity or
                  entitas atau merupakan personil                            is a member of the key management
                  manajemen kunci entitas (atau entitas                      personnel of the entity (or of a parent
                  induk dari entitas);                                       of the entity);
           (viii) entitas, atau anggota dari kelompok                 (viii) the entity, or any member of a group of
                  yang mana entitas merupakan bagian                         which it is a part, provides key
                  dari kelompok tersebut, menyediakan                        management personnel services to the
                  jasa personil manajemen kunci                              Group      or    to   the   parent    of
                  kepada Grup atau kepada entitas                            the Group.
                  induk dari Grup.

        Seluruh transaksi dan saldo yang signifikan             All significant transactions and balances with
        dengan pihak-pihak berelasi diungkapkan                 related parties are disclosed in the relevant
        dalam catatan atas laporan keuangan                     notes to the consolidated financial statements.
        konsolidasian.
Page 258
PT HASNUR INTERNASIONAL SHIPPING TBK                       PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                               AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian               Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                      For the Years Ended
31 Desember 2025 dan 2024                                                    December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                    (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                        unless Otherwise Stated)


   g.   Kas dan Setara Kas                                g. Cash and Cash Equivalents

        Kas terdiri dari kas dan bank. Setara kas            Cash consists of cash on hand and in banks.
        adalah semua investasi yang bersifat jangka          Cash equivalents are short-term, highly liquid
        pendek dan sangat likuid yang dapat segera           investments that are readily convertible to
        dikonversikan menjadi kas dengan jatuh tempo         known amounts of cash with original maturities
        dalam waktu tiga (3) bulan atau kurang sejak         of three (3) months or less from the date of
        tanggal penempatannya, serta tidak digunakan         placement, and which are not used as
        sebagai     jaminan   dan    tidak    dibatasi       collateral and are not restricted.
        penggunaannya.

   h.   Beban dibayar dimuka                              h. Prepaid expenses

        Beban dibayar dimuka diamortisasi sesuai             Prepaid expenses are amortized over their
        masa manfaat dengan menggunakan metode               beneficial periods using the straight-line
        garis lurus.                                         method.

        Biaya pemugaran (docking) kapal dikapitalisasi       Vessel dry docking costs are capitalized when
        pada saat terjadinya dan diamortisasi dengan         incurred and are amortized on a straight-line
        metode garis lurus sampai dengan biaya               method over the period to the next dry docking,
        pemugaran kapal berikutnya atas kapal                and is shown as “Deferred Charges on
        tersebut, dan disajikan sebagai “Beban               Docking” in the consolidated statements of
        Docking Ditangguhkan” pada laporan posisi            financial position.
        keuangan konsolidasian.

   i.   Persediaan                                        i. Inventories

        Persediaan diukur berdasarkan biaya atau nilai       Inventories are stated at cost or net realizable
        realisasi neto, mana yang lebih rendah. Biaya        value, whichever is lower. Cost is determined
        perolehan ditentukan dengan menggunakan              using the weighted-average method. Net
        metode rata-rata tertimbang. Nilai realisasi         realizable value is the estimated selling price in
        neto adalah estimasi harga jual dalam                the ordinary course of business less
        kegiatan usaha biasa setelah dikurangi               the estimated costs of completion and
        dengan estimasi biaya penyelesaian dan               estimated cost necessary to make the sale.
        estimasi biaya yang timbul untuk penjualan.          Allowance for decline in the value of
        Penyisihan untuk penurunan nilai persediaan          the inventory is provided to reduce the carrying
        ditetapkan untuk mengurangi nilai tercatat           value of inventory to its net realizable value.
        persediaan ke nilai realisasi neto.

        Penyisihan persediaan usang dilakukan atas           Allowance for inventory obsolescence is
        dasar hasil penelaahan secara periodik               provided based on the periodic review of
        terhadap kondisi persediaan.                         the condition of inventory.

   j.   Aset tetap                                        j. Property, plant and equipment

        Grup memilih model biaya sebagai kebijakan           The Group has chosen the cost model as a
        akuntansi pengukuran aset tetap.                     measurement of its property, plant and
                                                             equipment accounting policy.

        Aset tetap dinyatakan sebesar harga                  Property, plant and equipment are stated at
        perolehan dikurangi akumulasi penyusutan             cost less accumulated depreciation and
        dan rugi penurunan nilai, jika ada. Biaya            impairment losses, if any. Such cost includes
        perolehan termasuk biaya penggantian bagian          the cost of replacing part of the property, plant
        aset tetap saat biaya tersebut terjadi, jika         and equipment when that cost is incurred, if the
        memenuhi kriteria pengakuan. Selanjutnya,            recognition criteria are met. Likewise, when a
        pada saat inspeksi yang signifikan dilakukan,        major inspection is performed, its cost is
        biaya inspeksi itu diakui ke dalam jumlah nilai      recognized in the carrying amount of the
        tercatat (“carrying amount”) aset tetap sebagai      property, plant and equipment as a
        suatu penggantian jika memenuhi kriteria             replacement if the recognition criteria are
        pengakuan. Semua biaya pemeliharaan dan              satisfied. All other repairs and maintenance
        perbaikan yang tidak memenuhi kriteria               costs that do not meet the recognition criteria
        pengakuan diakui dalam laporan laba rugi dan         are recognized in the consolidated statements
        penghasilan komprehensif lain konsolidasian          of profit or loss and other comprehensive
        pada saat terjadinya.                                income as incurred.
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PT HASNUR INTERNASIONAL SHIPPING TBK                              PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                      AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                      Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                             For the Years Ended
31 Desember 2025 dan 2024                                                           December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                           (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                               unless Otherwise Stated)


       Penyusutan dihitung dengan menggunakan                        Depreciation is computed using the straight-
       metode garis lurus (straight-line method)                     line method based on the estimated useful
       berdasarkan estimasi masa manfaat ekonomis                    lives of the assets, as follows:
       aset tetap sebagai berikut:
                                                              Persentase/
                                               Tahun/Years    Percentage

       Bangunan                                   10-20       5,00%-10,00%        Buildings
       Kapal                                      16-20       5,00%-6,25%         Vessels
       Mesin                                       4-8       12,50%-25,00%        Machineries
       Kendaraan                                   4-8       12,50%-25,00%        Vehicles
       Peralatan kantor                             4            25,00%           Office equipment

       Penyusutan        untuk      kapal      dihitung              Depreciation of vessels is computed using
       menggunakan        nilai  residu    dari     nilai            residual value of its original acquisition cost.
       perolehannya. Estimasi nilai residu merupakan                 The estimated residual value of the original
       estimasi terbaik manajemen berdasarkan data                   acquisition cost is based on management's
       historis atas laba penjualan kapal yang dimiliki              best estimate of the historical data related to
       oleh Grup, setelah memperhitungkan biaya-                     gain on sale of vessels owned by
       biaya yang dikeluarkan agar kapal tersebut                    the Group, after taking into account the costs
       dapat dijual, untuk lebih mencerminkan                        incurred in order for the vessels to be ready for
       periode pengakuan pendapatan dan biaya                        sale, to properly reflect the period of
       yang lebih baik.                                              recognition of revenues and expenses.

       Tanah dinyatakan sebesar harga perolehan                      Land is stated at cost and not amortized as the
       dan tidak diamortisasi karena manajemen                       management is of the opinion that is highly
       berpendapat bahwa besar kemungkinan hak                       probable the titles of land rights can be
       atas tanah tersebut dapat diperbaharui/                       renewed/ extended upon expiration.
       diperpanjang pada saat jatuh tempo.

       Nilai residu, masa manfaat dan metode                         The residual values, useful lives and methods
       penyusutan aset ditelaah dan disesuaikan                      of depreciation are reviewed and adjusted
       secara prospektif, apabila diperlukan, pada                   prospectively, if appropriate, at each financial
       setiap akhir tahun buku.                                      year end.

       Jumlah tercatat aset tetap dihentikan                         An item of property, plant and equipment is
       pengakuannya pada saat dilepaskan atau saat                   derecognized upon disposal or when no future
       tidak ada manfaat ekonomis masa depan yang                    economic benefits are expected from its use or
       diharapkan       dari     penggunaan      atau                disposal. Any gain or loss arising on
       pelepasannya. Laba atau rugi yang timbul dari                 derecognition of the asset (calculated as the
       penghentian pengakuan aset (dihitung sebagai                  difference between the net disposal proceeds
       perbedaan antara jumlah neto hasil pelepasan                  and the carrying amount of the asset) is
       dan nilai tercatat dari aset) dimasukkan dalam                included in the consolidated statements of
       laporan     laba     rugi    dan    penghasilan               profit or loss and other comprehensive income
       komprehensif lain konsolidasian pada periode                  in the year the asset is derecognized.
       aset tersebut dihentikan pengakuannya.

       Aset Dalam Penyelesaian                                       Construction in Progress

       Aset dalam penyelesaian merupakan aset                        Construction in progress represents property
       dalam tahap konstruksi, yang dinyatakan pada                  and equipment under construction which is
       biaya perolehan dan tidak disusutkan.                         stated at cost and is not depreciated. The
       Akumulasi biaya akan direklasifikasi ke akun                  accumulated costs will be reclassified to the
       aset tetap yang bersangkutan dan akan                         respective property and equipment account
       disusutkan pada saat konstruksi selesai                       and will be depreciated when the construction
       secara substansial dan aset tersebut telah siap               is substantially complete and the asset is ready
       digunakan sesuai tujuannya.                                   for its intended use.
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PT HASNUR INTERNASIONAL SHIPPING TBK                      PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                              AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian              Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                     For the Years Ended
31 Desember 2025 dan 2024                                                   December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                   (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                       unless Otherwise Stated)


   k.   Aset Takberwujud                                 k.   Intangible Assets

        Aset takberwujud yang diperoleh secara                Intangible assets acquired separately are
        terpisah diukur pada saat pengakuan awal              measured on initial recognition at cost.
        sebesar biaya perolehan. Setelah pengakuan            Following initial recognition, intangible assets
        awal,    aset     takberwujud    dinyatakan           are carried at cost less any accumulated
        berdasarkan biaya perolehan dikurangi                 amortization and any accumulated impairment
        akumulasi amortisasi dan akumulasi kerugian           losses.
        penurunan nilai.
        Lisensi peranti lunak merupakan aset                  Software license is an intagible assets with
        takberwujud yang memiliki masa manfaat                definite useful life and is amortized using the
        terbatas dan diamortisasi menggunakan                 straight-line method over the estimated useful
        metode garis lurus selama 4 tahun.                    lives of 4 years.
        Umur manfaat aset takberwujud dinilai terbatas        The useful lives of intangible assets are
        atau tidak terbatas. Aset takberwujud dengan          assessed as either finite or indefinite.
        umur manfaat terbatas diamortisasi selama             Intangible assets with finite lives are amortized
        masa manfaat ekonomis dan menguji                     over the useful economic life and assessed for
        penurunan nilai apabila terdapat indikasi aset        impairment whenever there is an indication
        takberwujud mengalami penurunan nilai.                that the intangible asset may be impaired.
        Periode amortisasi dan metode amortisasi              The amortization period and the amortization
        ditelaah minimum setiap akhir tahun buku.             method are reviewed at least at each financial
        Perubahan masa manfaat yang diharapkan                year end. Changes in the expected useful life
        atau pola yang diharapkan dari konsumsi               or the expected pattern of consumption of
        manfaat ekonomi masa depan dari aset dicatat          future economic benefits embodied in the
        dengan mengubah periode amortisasi atau               asset is accounted for by changing the
        metode, yang sesuai, dan diperlakukan                 amortization period or method, as appropriate,
        sebagai perubahan estimasi akuntansi. Beban           and are treated as change in accounting
        amortisasi aset takberwujud dengan masa               estimates. The amortization expense on
        manfaat terbatas diakui dalam laporan laba            intangible assets with finite lives is recognized
        rugi dan penghasilan komprehensif lain dalam          in the statements of profit or loss and other
        kategori biaya sesuai dengan fungsi dari aset         comprehensive income in the expense
        takberwujud.                                          category consistent with the function of the
                                                              intangible assets.

        Laba atau rugi yang timbul dari penghentian           Gain or loss arising from derecognition of an
        pengakuan aset takberwujud diukur sebagai             intangible asset is measured as the difference
        perbedaan antara jumlah neto hasil pelepasan          between the net disposal proceeds and the
        dan nilai tercatat aset dan diakui dalam              carrying amount of the asset and is recognized
        laporan    laba   rugi   dan    penghasilan           in the statement of profit or loss and other
        komprehensif lain pada saat aset tersebut             comprehensive income when the asset is
        dihentikan pengakuannya.                              derecognized.

   l.   Biaya Pinjaman                                   l.   Borrowing Costs

        Biaya pinjaman yang dapat diatribusikan               Borrowing costs which are directly attributable
        secara      langsung  dengan     perolehan,           to the acquisition, construction, or production
        konstruksi, atau pembuatan aset kualifikasian         of qualifying assets are capitalized as part of
        dikapitalisasi sebagai bagian dari biaya              the acquisition cost of the qualifying assets.
        perolehan aset tersebut. Biaya pinjaman               Other borrowing costs are recognized as
        lainnya diakui sebagai beban pada saat                expense in the period in which they are
        terjadinya.                                           incurred.

        Jika Grup meminjam dana secara khusus                 To the extent that the Group borrows funds
        untuk tujuan memeroleh aset kualifikasian,            specifically for the purpose of obtaining a
        maka entitas menentukan jumlah biaya                  qualifying asset, the entity determines the
        pinjaman yang layak dikapitalisasikan sebesar         amount of borrowing costs eligible for
        biaya pinjaman aktual yang terjadi selama             capitalization as the actual borrowing costs
        tahun berjalan dikurangi penghasilan investasi        incurred on that borrowing during the year less
        atas investasi sementara dari pinjaman                any investment income on the temporary
        tersebut.                                             investment of those borrowings.
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PT HASNUR INTERNASIONAL SHIPPING TBK                       PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                               AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian               Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                      For the Years Ended
31 Desember 2025 dan 2024                                                    December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                    (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                        unless Otherwise Stated)


        Untuk pinjaman yang tidak dapat diatribusikan        For borrowings that are not directly attributable
        secara langsung pada suatu aset kualifikasian,       to a qualifying asset, the amount to be
        jumlah yang dikapitalisasi ditentukan dengan         capitalized is determined by applying a
        mengalikan tingkat kapitalisasi terhadap             capitalization rate to the amount expended on
        jumlah yang dikeluarkan untuk memperoleh.            the qualifying assets. The capitalization rate is
        Tingkat kapitalisasi dihitung berdasarkan rata-      the weighted average of the total borrowing
        rata tertimbang biaya pinjaman yang dibagi           costs applicable to the total borrowings
        dengan jumlah pinjaman yang tersedia selama          outstanding during the period, other than
        periode, selain pinjaman yang secara spesifik        borrowings made specifically for the purpose
        diambil untuk tujuan memperoleh suatu aset           of obtaining a qualifying asset.
        kualifikasian.

        Kapitalisasi biaya pinjaman dimulai pada saat        Capitalization of borrowing costs commences
        aktivitas      yang       diperlukan    untuk        when the activities to prepare the qualifying
        mempersiapkan aset agar dapat digunakan              asset for its intended use are in progress and
        sesuai dengan maksudnya, dan pengeluaran             the expenditures for the qualifying asset and
        untuk     aset    kualifikasian    dan  biaya        the borrowing costs have been incurred.
        pinjamannya telah terjadi.

        Jika     pengembangan     aktif atas   aset          The Group suspends capitalization of
        kualifikasian dihentikan, Grup menghentikan          borrowing costs during extended periods in
        kapitalisasi biaya pinjaman selama periode           which it suspends active development of a
        yang diperpanjang tersebut.                          qualifying asset.

        Kapitalisasi biaya pinjaman dihentikan saat          The Group ceases capitalizing borrowing costs
        selesainya secara subtansi seluruh aktivitas         when substantially all the activities necessary
        yang diperlukan untuk mempersiapkan aset             to prepare the qualifying asset for its intended
        kualifikasian agar dapat digunakan atau dijual       use or sale are complete.
        sesuai dengan maksudnya.

   m. Penurunan nilai aset non-keuangan                   m. Impairment of non-financial assets

        Pada setiap akhir periode pelaporan, Grup            The Group assesses at the end of each annual
        menilai apakah terdapat indikasi suatu aset          reporting period whether there is an indication
        mengalami penurunan nilai. Jika terdapat             that an asset may be impaired. If any such
        indikasi tersebut atau pada saat pengujian           indication exists, or when annual impairment
        penurunan nilai aset diperlukan, maka Grup           testing for an asset is required, the Group
        membuat estimasi jumlah terpulihkan aset             makes an estimate of the asset’s recoverable
        tersebut.                                            amount.

        Berdasarkan penilaian manajemen, tidak ada           Based on the evaluation of the management,
        kejadian-kejadian atau perubahan-perubahan           there are no events or changes in
        keadaan yang mengindikasikan penurunan               circumstances which may indicate impairment
        nilai aset non-keuangan pada tanggal                 in the value of non-financial assets as at
        31 Desember 2025 dan 2024.                           December 31, 2025 and 2024.

   n.   Sewa                                              n. Leases

        Sebagai penyewa                                      As lessee

        Pada tanggal permulaan kontrak, Grup menilai         At the inception of a contract, the Group
        apakah     kontrak      merupakan,     atau          assesses whether the contract is, or contains, a
        mengandung, sewa. Suatu kontrak merupakan            lease. A contract is or contains a lease if the
        atau mengandung sewa jika kontrak tersebut           contract conveys the right to control the use of
        memberikan    hak    untuk    mengendalikan          an identified assets for a period of time in
        penggunaan aset identifikasian selama suatu          exchange for consideration.
        jangka waktu untuk dipertukarkan dengan
        imbalan.
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PT HASNUR INTERNASIONAL SHIPPING TBK                     PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                             AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian             Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                    For the Years Ended
31 Desember 2025 dan 2024                                                  December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                  (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                      unless Otherwise Stated)


       Untuk menilai apakah kontrak memberikan hak         To assess whether a contract conveys the right
       untuk mengendalikan penggunaan aset                 to control the use of an identified asset, the
       identifikasian, Grup harus menilai apakah:          Group shall assesses whether:
       - Grup memiliki hak untuk mendapatkan               - The Group has the right to obtain
          secara subtansial seluruh manfaat ekonomi           substantially all the economic benefits from
          dari penggunaan aset identifikasian; dan            use of the asset throughout the period of
                                                              use; and
       -   Grup memiliki hak untuk mengarahkan             - The Group has the right to direct the use of
           penggunaan aset identifikasian. Grup               the asset. The Group has this right when it
           memiliki hak ini ketika Grup memiliki hak          has the decision-making rights that are the
           untuk pengambilan keputusan yang                   most relevant to changing how and for what
           relevan tentang bagaimana dan untuk                purpose     the     asset  is   used      are
           tujuan apa aset digunakan telah ditentukan         predetermined:
           sebelumnya dan:
            1. Grup       memiliki     hak      untuk           1.   The Group has the right to operate
                 mengoperasikan aset;                                the assets;
            2. Grup telah mendesain aset dengan                 2.   The Group has designed the asset in
                 cara    menetapkan      sebelumnya                  a way that predetermined how and for
                 bagaimana dan untuk tujuan apa aset                 what purpose it will be used.
                 akan digunakan selama periode
                 penggunaan.

       Pada tanggal awal dimulainya kontrak atau           At the inception or on reassessment of a
       pada tanggal penilaian kembali atas kontrak         contract that contains a lease component, the
       yang mengandung sebuah komponen sewa,               Group allocates the consideration in the
       Grup mengalokasikan imbalan dalam kontrak           contract to each lease component on the basis
       ke     masing-masing    komponen      sewa          of their relative stand-alone prices and the
       berdasarkan harga tersendiri relatif dari           aggregate stand-alone price of the non-lease
       komponen sewa dan harga tersendiri agregat          components.
       dari komponen non-sewa.

       Pada tanggal permulaan sewa, Grup                   The Group recognizes a right-of-use assets
       mengakui aset hak-guna dan liabilitas sewa.         and a lease liability at the lease
       Aset hak-guna diukur pada biaya perolehan,          commencement date. The right-of-use assets
       dimana meliputi jumlah pengukuran awal              are initially measured at cost, which comprises
       liabilitas sewa yang disesuaikan dengan             the initial amount of the lease liability adjusted
       pembayaran sewa yang dilakukan pada atau            for any lease payment made at or before the
       sebelum tanggal permulaan.                          commencement date.

       Aset    hak-guna    kemudian      disusutkan        The right-of-use assets are subsequently
       menggunakan metode garis lurus dari tanggal         depreciated using the straight-line method from
       permulaan hingga tanggal yang lebih awal            the commencement date to the earlier of the
       antara akhir umur manfaat aset hak-guna atau        end of the useful life of the right-of-use assets
       akhir masa sewa.                                    or the end of the lease term.

       Liabilitas sewa diukur pada nilai kini              The lease liability is initially measured at the
       pembayaran sewa yang belum dibayar pada             present value of the lease payments that are
       tanggal permulaan, didiskontokan dengan             not paid at the commencement date,
       menggunakan suku bunga implisit dalam sewa          discounted using the interest rate implicit in the
       atau jika suku bunga tersebut tidak dapat           lease or, if that rate cannot be readily
       ditentukan, maka menggunakan suku bunga             determined, using incremental borrowing rate.
       pinjaman inkremental. Pada umumnya, Grup            Generally, the Group uses its incremental
       menggunakan      suku      bunga     pinjaman       borrowing rate as the discount rate.
       inkremental sebagai tingkat bunga diskonto.

       Pembayaran sewa yang termasuk dalam                 Lease payments included in the measurement
       pengukuran     liabilitas   sewa  meliputi          of the lease liability comprise the following:
       pembayaran berikut ini:
       -   pembayaran tetap, termasuk pembayaran           -    fixed payments, including in-substance
           tetap secara substansi;                              fixed payments;
Page 263
PT HASNUR INTERNASIONAL SHIPPING TBK                     PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                             AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian             Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                    For the Years Ended
31 Desember 2025 dan 2024                                                  December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                  (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                      unless Otherwise Stated)


       -   pembayaran       sewa      variabel   yang      -    variable lease payments that depend on
           bergantung pada indeks atau suku bunga               an index or a rate, initially measured using
           yang pada awalnya diukur dengan                      the index or rate as at the commencement
           menggunakan indeks atau suku bunga                   date;
           pada tanggal permulaan;
       -   jumlah      yang     diperkirakan     akan      -    amounts expected to be payable under a
           dibayarkan     oleh     penyewa     dengan           residual value guarantee;
           jaminan nilai residual;
       -   harga eksekusi opsi beli jika Grup cukup        -    the exercise price under a purchase option
           pasti untuk mengeksekusi opsi tersebut;              that the Group is reasonably certain to
           dan                                                  exercise; and
       -   penalti karena penghentian awal sewa            -    penalties for early termination of a lease
           kecuali jika Grup cukup pasti untuk tidak            unless the Group is reasonably certain not
           menghentikan lebih awal.                             to terminate early.

       Liabilitas sewa disajikan sebagai pos terpisah      The lease liabilities is presented as a separate
       dalam laporan posisi keuangan konsolidasian.        line in the consolidated statements of financial
                                                           positions.

       Liabilitas sewa selanjutnya diukur dengan           The lease liability is subsequently measured by
       meningkatkan     jumlah     tercatat   untuk        increasing the carrying amount to reflect the
       merefleksikan bunga atas liabilitas sewa            interest on the lease liability (using the effective
       (menggunakan metode suku bunga efektif)             interest method) and by reducing the carrying
       dan dengan mengurangi jumlah tercatat untuk         amount to reflect the lease payments made.
       merefleksikan sewa yang telah dibayar.

       Setiap pembayaran sewa dialokasikan antara          Each lease payment is allocated between the
       liabilitas dan biaya keuangan. Biaya keuangan       liability and finance cost. The finance cost is
       dibebankan pada laba rugi selama periode            charged to profit or loss over the lease period
       sewa sehingga menghasilkan tingkat suku             so as to produce a constant periodic rate of
       bunga periodik yang konstan atas saldo              interest on the remaining balance of the liability
       liabilitas untuk setiap periode.                    for each period.

       Jika sewa mengalihkan kepemilikan aset              If the lease transfers ownership of the
       pendasar kepada Grup pada akhir masa sewa           underlying asset to the Group by the end of the
       atau jika biaya perolehan aset hak-guna             lease term or if the cost of the right-of-use
       merefleksikan Grup akan mengeksekusi opsi           assets reflects that the Group will exercise a
       beli, maka Grup menyusutkan aset hak-guna           purchase option, the Group depreciates the
       dari tanggal permulaan hingga akhir umur            right-of-use assets from the commencement
       manfaat aset pendasar. Jika tidak, maka Grup        date to the end of the useful life of the
       menyusutkan aset hak-guna dari tanggal              underlying asset. Otherwise, the Group
       permulaan hingga tanggal yang lebih awal            depreciates the right-of-use assets from the
       antara akhir umur manfaat aset hak-guna atau        commencement date to the earlier of the end of
       akhir masa sewa.                                    the useful life of the right-of-use assets or the
                                                           end of the lease term.

       Sewa jangka-pendek                                  Short-term leases

       Grup memutuskan untuk tidak mengakui aset           The Group has elected not to recognize right-
       hak-guna dan liabilitas sewa untuk sewa             of-use assets and lease liabilities for short-
       jangka-pendek yang memiliki masa sewa 12            term leases that have a lease term of 12
       bulan   atau   kurang.    Grup     mengakui         months or less. The Group recognizes the
       pembayaran sewa atas sewa tersebut sebagai          leases payments associated with these leases
       beban dengan dasar garis lurus selama masa          as an expense on a straight-line basis over the
       sewa.                                               lease term.
Page 264
PT HASNUR INTERNASIONAL SHIPPING TBK                            PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                    AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                    Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                           For the Years Ended
31 Desember 2025 dan 2024                                                         December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                         (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                             unless Otherwise Stated)


       Modifikasi sewa                                            Lease modification

       Grup mencatat modifikasi sewa sebagai sewa                 The Group accounts for a lease modification as
       terpisah jika:                                             a separate lease if both:

       -   modifikasi meningkatkan ruang lingkup                  -       the modification increases the scope of the
           sewa dengan menambahkan hak untuk                              lease by adding the right to use one or
           menggunakan satu aset pendasar atau                            more underlying assets; and
           lebih; dan
       -   imbalan sewa meningkat sebesar jumlah                  -       the consideration for the lease increases by
           yang setara dengan harga tersendiri untuk                      an amount commensurate with the stand-
           peningkatan dalam ruang lingkup dan                            alone price for the increase in scope and
           penyesuaian yang tepat pada harga                              any appropriate adjustments to that stand-
           tersendiri tersebut untuk merefleksikan                        alone price to reflect the circumstances of
           kondisi kontrak tertentu.                                      the particular contract.

       Untuk modifikasi sewa yang tidak dicatat                   For a lease modification that is not accounted
       sebagai sewa terpisah, pada tanggal efektif                for as a separate lease, at the effective date of
       modifikasi sewa, Grup:                                     the lease modification, the Group:

       -   mengukur kembali dan mengalokasikan                    -       remeasures         and       allocates      the
           imbalan kontrak modifikasian;                                  consideration in the modified contract;
       -   menentukan masa sewa dari sewa                         -        determine the lease term of the modified
           modifikasian;                                                   lease;
       -   mengukur kembali liabilitas sewa dengan                -       remeasures       the     lease    liability  by
           mendiskontokan pembayaran sewa revisi                          discounting the revised lease payments
           menggunakan tingkat diskonto revisi                            using a revised discount rate on the basis
           berdasarkan sisa umur sewa dan sisa                            of the remaining lease term and the
           pembayaran sewa dengan melakukan                               remaining      lease      payment      with   a
           penyesuaian terhadap aset hak-guna.                            corresponding adjustment to the right-of-
           Tingkat diskonto revisi ditentukan sebagai                     use assets. The revised discount rate is
           suku bunga pinjaman inkremental Grup                           determined as the Group’s incremental
           pada tanggal efektif modifikasi;                               borrowing rate at the effective date of the
                                                                          modification;
       -   menurunkan jumlah tercatat aset hak-guna               -       decreases the carrying amount of the right-
           untuk merefleksikan penghentian sebagian                       of-use asset to reflect the partial or full
           atau sepenuhnya sewa untuk modifikasi                          termination of the lease for lease
           sewa yang menurunkan ruang lingkup                             modifications that decrease the scope of
           sewa. Grup mengakui dalam laba rugi                            the lease. The Group recognize in profit or
           setiap laba rugi yang terkait dengan                           loss any gain or loss relating to the partial
           penghentian sebagian atau sepenuhnya                           or full termination of the lease; and
           sewa tersebut; dan
       -   membuat penyesuaian terkait dengan aset                    -   makes a corresponding adjustment to the
           hak-guna untuk seluruh modifikasi sewa                         right-of-use assets for all other lease
           lainnya.                                                       modifications.

       Aset hak guna disusutkan secara garis lurus                Right-of-use assets are depreciated on a
       selama jangka waktu sewa yang lebih pendek                 straight-line basis over the shorter of the lease
       dan estimasi masa manfaat aset, sebagai                    term and the estimated useful lives of the
       berikut:                                                   assets, as follows:
                                                 Tahun/Years

       Kapal                                            5                 Vessels

       Aset hak-guna disajikan sebagai pos terpisah               The right-of-use assets are presented as a
       di laporan posisi keuangan konsolidasian.                  separate line in the consolidated statements of
                                                                  financial position.
Page 265
PT HASNUR INTERNASIONAL SHIPPING TBK                       PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                               AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian               Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                      For the Years Ended
31 Desember 2025 dan 2024                                                    December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                    (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                        unless Otherwise Stated)


   o.   Biaya emisi utang dan biaya emisi saham          o.   Debt issuance costs and share issuance
                                                              costs
        Biaya emisi utang dari pinjaman jangka                Debt issuance costs of long-term loans are
        panjang    dikurangkan   dari  penerimaan             deducted from the proceeds of long-term loans.
        pinjaman jangka panjang. Biaya emisi utang            The debt issuance costs are amortized using
        diamortisasi dengan menggunakan metode                effective interest rate method.
        suku bunga efektif.
        Biaya-biaya yang terjadi sehubungan dengan            Costs incurred related to issuance of the
        penerbitan saham       Perusahaan kepada              Company’s shares to public, are deducted from
        masyarakat disajikan sebagai pengurang dari           “Additional Paid-In Capital” presented as a
        “Tambahan Modal Disetor” pada bagian                  component of equity in the consolidated
        ekuitas dalam laporan posisi keuangan                 statements of financial position.
        konsolidasian.

   p.   Pengakuan pendapatan dan beban                   p. Revenue and expenses recognition

        Pendapatan diukur berdasarkan imbalan yang            Revenue is measured based on the
        Grup perkirakan menjadi haknya dalam                  consideration to which the Group expects to be
        kontrak dengan pelanggan dan tidak termasuk           entitled in a contract with a customer and
        jumlah yang ditagih atas nama pihak ketiga.           excludes amounts collected on behalf of third
        Grup     mengakui      pendapatan     ketika          parties. The Group recognizes revenue when it
        mengalihkan pengendalian barang atau jasa             transfers control of a product or service to a
        kepada pelanggan.                                     customer.

        Pendapatan dari jasa pelayaran/angkutan laut          Revenues from shipping/marine transportation
        diakui berdasarkan kesepakatan bersama                are recognized based on agreement between
        antara Grup dan penyewa kapal sebagai                 the Group and customers are as follows:
        berikut:
        1. Pendapatan dari jasa pengangkutan                  1. Revenues from freight operations based on
           berdasarkan spot diakui ketika barang                 spot are recognized when the goods are
           diangkut, sesuai dengan Bill of Lading dan            transported, in accordance with Bill of
           pendapatan dari demurrage terjadi ketika              Lading and revenues from demurrage
           proses pengangkutan melebihi waktu yang               occurs when the shipping process exceeds
           disepakati, biasanya karena terjadi hal-hal           the agreed time, usually because of
           yang berada di luar kendali Grup, nilai               circumstances that happen beyond the
           penalti telah tertuang dalam perjanjian               Group’s control, the value of the penalty
           (Surat Perjanjian Angkutan Laut-SPAL).                has been contained in the agreement
                                                                 (Surat Perjanjian Angkutan Laut-SPAL).
        2. Pendapatan dari bantuan layanan bongkar            2. Revenues from assistance of loading
           muat dan layanan jasa tug assist diakui               unloading services and tug assist services
           ketika layanan diberikan atau disediakan              are recognized when the services are
           secara signifikan dan manfaat telah                   rendered or significantly provided and the
           diterima oleh pelanggan.                              benefits have been received by the
                                                                 customers.
        3. Pendapatan dari charter diakui secara              3. Revenue from charter is recognized
           proporsional selama periode yang dicakup              proportionally over the period covered in
           sesuai dengan kontrak.                                accordance with the contract.

        Beban                                                 Expenses

        Beban dari kontrak dengan pelanggan dan               Expenses from contracts with customers and
        beban lainnya                                         other expenses

        Biaya yang secara langsung berhubungan                The costs that directly relate to the contract
        dengan kontrak, menghasilkan sumber daya              generate resources to satisfy the contract (“cost
        untuk memenuhi kontrak (“biaya untuk                  to fulfill”) or is incremental of obtaining a
        memenuhi”)      atau     penambahan      untuk        contract (“cost to obtain”) and are expected to
        mendapatkan       kontrak     (“biaya    untuk        be recovered. These costs are therefore eligible
        memperoleh”)      dan     diharapkan     dapat        for capitalization under PSAK 115 and
        dipulihkan. Beban tersebut dengan demikian            recognized as other current assets. Such cost
        memenuhi syarat kapitalisasi berdasarkan              will be amortized on a systematic basis that is
        PSAK 115 dan diakui sebagai aset lancar lain-         consistent with the transfer of the goods or
        lain. Beban tersebut diamortisasi dengan cara         services to which such asset relates.
        sistematis sejalan dengan penyerahan barang
        atau jasa yang terkait dengan aset tersebut.
Page 266
PT HASNUR INTERNASIONAL SHIPPING TBK                          PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                  AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                  Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                         For the Years Ended
31 Desember 2025 dan 2024                                                       December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                       (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                           unless Otherwise Stated)


        Beban lain-lain                                        Other expenses

        Beban diakui pada saat terjadinya (dasar               Expenses are       recognized     when     incurred
        akrual).                                               (accrual basis).

   q.   Imbalan kerja                                        q. Employee benefits

        Grup mengakui kewajiban imbalan kerja yang             The Group recognized unfunded employee
        tidak didanai sesuai dengan Peraturan                  benefits liability in accordance with Government
        Pemerintah No. 35 Tahun 2021 (PP 35/2021)              Regulation Number 35 Year 2021 (PP 35/2021)
        yang menerapkan pengaturan Peraturan                   that implement the provisions of Government
        Pemerintah    Pengganti   Undang-Undang                Regulation in Lieu of Law (“Perppu”) No. 2/2022
        (Perppu) No. 2/2022 tentang Cipta Kerja.               on Job Creation. Perppu Cipta Kerja 2/2022 has
        Perppu Cipta Kerja 2/2022 telah ditetapkan             been enacted into law on March 31, 2023,
        menjadi   Undang-Undang    pada     tanggal            based on Law No. 6 of 2023.
        31 Maret 2023 berdasarkan Undang-Undang
        No. 6 Tahun 2023.

        Berdasarkan PSAK 219, perhitungan estimasi             Under PSAK 219, the calculation of estimated
        liabilitas atas imbalan kerja berdasarkan              liability for employees benefits based on Labor
        Undang-undang Ketenagakerjaan No. 13/2003              Law No. 13/2003, is determined using the
        ditentukan dengan menggunakan metode                   “Projected Unit Credit” method.
        penilaian aktuaria “Projected Unit Credit”.

        Pengukuran kembali atas liabilitas (aset)              Remeasurement on net defined benefit liability
        imbalan pasti neto, yang diakui sebagai                (asset),      which   recognized        as    other
        penghasilan komprehensif lain, terdiri dari:           comprehensive income, consists of:
        i.   Keuntungan dan kerugian aktuarial;                 i. Actuarial gain and losses;
        ii. Imbal hasil atas aset program, tidak                ii. Return on program asset, excluding
             termasuk jumlah yang dimasukkan dalam                   the amount included in liabilities (asset) net
             bunga neto liabilitas (aset);                           interest;
        iii. Setiap perubahan dampak batas aset,                iii. Every changes in asset ceiling, excluding
             tidak termasuk jumlah yang dimasukkan                   the amount included in liabilities (asset) net
             dalam bunga neto atas liabilitas (aset).                interest.

        Pengukuran kembali atas liabilitas (aset)              Remeasurement on net defined benefit liabilities
        imbalan pasti neto, yang diakui sebagai                (asset),  which       recognized       as    other
        penghasilan       komprehensif       lain    tidak     comprehensive income will not be reclassified
        direklasifikasi ke laba rugi periode berikutnya.       subsequently to profit or loss in the next period.

        Keuntungan dan kerugian aktuarial yang                 Actuarial gain and losses arising from
        timbul dari penyelesaian dan perubahan                 experience adjustments and changes in
        asumsi aktuaria dibebankan atau dikreditkan            actuarial assumptions are charged or credited
        ke ekuitas pada penghasilan komprehensif               to equity in other comprehensive income in
        lainnya pada periode/tahun di mana terjadinya          period/year in which they arise.
        perubahan tersebut.

        Keuntungan atau kerugian atas kurtailmen               Gains or losses on the curtailment or settlement
        atau penyelesaian suatu program imbalan                of a defined benefit plan are recognized when
        pasti   diakui    ketika kurtailmen  atau              the curtailment or settlement occurs.
        penyelesaian terjadi.

   r.   Pajak penghasilan                                    r. Income tax

        Beban pajak penghasilan merupakan jumlah               Income tax expense represents the sum of
        dari pajak penghasilan badan yang terutang             the corporate income tax currently payable and
        saat ini dan pajak tangguhan. Pajak                    deferred tax. Income tax is recognized in
        penghasilan diakui dalam laporan laba rugi,            the profit or loss, except to the extent that it
        kecuali jika pajak tersebut terkait dengan             relates to items recognized in other
        transaksi atau kejadian yang diakui di                 comprehensive income or directly in equity. In
        penghasilan komprehensif lain atau langsung            this case, the tax is also recognized in other
        diakui ke ekuitas. Dalam hal ini, pajak tersebut       comprehensive income or directly in equity,
        masing-masing diakui dalam penghasilan                 respectively.
        komprehensif lain atau ekuitas.
Page 267
PT HASNUR INTERNASIONAL SHIPPING TBK                       PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                               AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian               Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                      For the Years Ended
31 Desember 2025 dan 2024                                                    December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                    (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                        unless Otherwise Stated)


       Pajak kini                                           Current tax

       Aset dan liabilitas pajak kini untuk periode         Current income tax assets and liabilities for
       berjalan diukur sebesar jumlah yang                  the current period are measured at the amount
       diharapkan dapat direstitusi dari atau               expected to be recovered from or paid to the tax
       dibayarkan kepada otoritas perpajakan. Tarif         authority. The tax rates and tax laws used as a
       pajak dan peraturan pajak yang digunakan             basis for computation are those that have been
       untuk menghitung jumlah tersebut adalah yang         enacted or substantively enacted as at
       telah berlaku atau secara substansial telah          the reporting dates.
       berlaku pada tanggal pelaporan.

       Kekurangan atau kelebihan pembayaran pajak           Underpayment or overpayment of corporate
       penghasilan badan dicatat sebagai bagian dari        income tax are presented as part of current
       beban pajak kini dalam laporan laba rugi dan         income tax expense in the consolidated
       penghasilan komprehensif lain konsolidasian.         statement of profit or loss and other
                                                            comprehensive income.
       Koreksi terhadap liabilitas perpajakan dicatat       Amendments to taxation obligations are
       saat surat ketetapan pajak diterima atau             recorded when an assessment is received or if
       apabila dilakukan banding, ketika hasil              appealed against, when the results of
       banding sudah diputuskan.                            the appeal are determined.

       Pajak tangguhan                                      Deferred tax

       Pajak tangguhan diukur dengan metode                 Deferred tax is provided using the liability
       liabilitas atas beda waktu pada tanggal              method on temporary differences at the
       pelaporan antara dasar pengenaan pajak               reporting date between the tax bases of assets
       untuk aset dan liabilitas dengan nilai               and liabilities and their carrying amounts for
       tercatatnya untuk tujuan pelaporan keuangan.         financial reporting purposes. Deferred tax
       Liabilitas pajak tangguhan diakui untuk semua        liabilities are recognized for all taxable
       perbedaan temporer kena pajak dengan                 temporary differences with certain exceptions.
       beberapa pengecualian. Aset pajak tangguhan          Deferred tax assets are recognized for
       diakui untuk perbedaan temporer yang boleh           deductible temporary differences and tax losses
       dikurangkan dan rugi fiskal apabila terdapat         carry-forward to the extent that it is probable
       kemungkinan besar bahwa jumlah laba kena             that taxable income will be available in future
       pajak pada masa mendatang akan memadai               years against which the deductible temporary
       untuk mengkompensasi perbedaan temporer              differences and tax losses carry-forward can be
       dan rugi fiskal.                                     utilized.

       Jumlah tercatat aset pajak tangguhan dikaji          The carrying amount of a deferred tax asset is
       ulang pada akhir periode pelaporan, dan              reviewed at each reporting date and reduced to
       mengurangi jumlah tercatat jika kemungkinan          the extent that it is no longer probable that
       besar laba kena pajak tidak lagi tersedia dalam      sufficient taxable income will be available to
       jumlah yang memadai untuk mengkompensasi             allow all or part of the benefit of that deferred
       sebagian atau seluruh aset pajak tangguhan.          tax asset to be utilized. Unrecognized deferred
       Aset pajak tangguhan yang belum diakui dinilai       tax assets are reassessed at each reporting
       kembali pada setiap akhir periode pelaporan          date and are recognized to the extent that it has
       dan diakui sepanjang kemungkinan besar laba          become probable that future taxable income will
       kena pajak mendatang akan memungkinkan               allow the deferred tax assets to be recovered.
       aset pajak tangguhan tersedia untuk
       dipulihkan.

       Aset dan liabilitas pajak tangguhan dihitung         Deferred tax assets and liabilities are measured
       berdasarkan tarif yang akan dikenakan pada           at the tax rates that are expected to apply to the
       periode saat aset direalisasikan atau liabilitas     period when the asset is realized or the liability
       tersebut diselesaikan, berdasarkan undang-           is settled, based on tax laws that have been
       undang pajak yang berlaku atau berlaku               enacted or substantively enacted at the end of
       secara substantif pada akhir periode laporan         reporting period. The related tax effects of the
       keuangan. Pengaruh pajak terkait dengan              provisions for and/or reversals of all temporary
       penyisihan     dan/atau    pemulihan    semua        differences during the year, including the effect
       perbedaan temporer selama tahun berjalan,            of change in tax rates, are credited or charged
       termasuk pengaruh perubahan tarif pajak,             to current period operations, except to the
       dikreditkan atau dibebankan pada periode             extent that they relate to items previously
       operasi berjalan, untuk transaksi-transaksi          charged or credited to equity.
       yang sebelumnya telah langsung dibebankan
       atau dikreditkan ke ekuitas.
Page 268
PT HASNUR INTERNASIONAL SHIPPING TBK                         PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                 AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                 Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                        For the Years Ended
31 Desember 2025 dan 2024                                                      December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                      (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                          unless Otherwise Stated)


        Aset dan liabilitas pajak tangguhan disajikan           Deferred tax assets and liabilities are offset
        secara saling hapus saat hak yang dapat                 when a legally enforceable right exists to offset
        dipaksakan secara hukum ada untuk saling                current tax assets against current tax liabilities,
        hapus aset pajak kini dan liabilitas pajak kini,        or the deferred tax assets and the deferred tax
        atau aset pajak tangguhan dan liabilitas pajak          liabilities relate to the same taxable entity, or the
        tangguhan berkaitan dengan entitas kena                 Group intends to settle its current assets and
        pajak yang sama, atau Grup bermaksud untuk              liabilities on a net basis.
        menyelesaikan aset dan liabilitas pajak kini
        dengan dasar neto.

   s.   Pajak penghasilan final                            s. Final income tax

        Berdasarkan     Surat    Keputusan     Menteri          Based on the Decision Letters No. 416/
        Keuangan Republik Indonesia No. 416/                    KMK.04/1996 dated June 14, 1996 of the
        KMK.04/1996 tanggal 14 Juni 1996 dan Surat              Ministry of Finance of the Republic of Indonesia
        Edaran Direktorat Jenderal Pajak No. 29/PJ.4/           and Circular Letter No. 29/PJ.4/1996 dated
        1996 tanggal 13 Agustus 1996, pendapatan                August 13, 1996 of the Directorate General of
        dari jasa pengangkutan dan sewa kapal yang              Taxes, revenues from freight operations and
        diterima Wajib Pajak Dalam Negeri dikenakan             charter of vessels are subject to final income tax
        pajak bersifat final sebesar 1,2% dari                  computed at 1.2% of the revenues for domestic
        pendapatan yang diterima Wajib Pajak Dalam              companies, and the related costs and expenses
        Negeri, serta biaya sehubungan dengan                   are considered non-deductible for income tax
        kegiatan di atas tidak dapat dikurangkan untuk          purposes.
        tujuan perhitungan pajak penghasilan.

        Beban pajak penghasilan tahun berjalan                  Current tax expense related to income subject
        sehubungan dengan penghasilan yang                      to final income tax is recognized in proportion to
        dikenakan pajak penghasilan final diakui                total income recognized during the current
        secara proporsional dengan total pendapatan             period for accounting purposes.
        yang diakui pada periode berjalan untuk tujuan
        akuntansi.

        Selisih lebih (kurang) antara jumlah pajak              The positive (negative) difference between the
        penghasilan final yang telah dibayar dengan             final income tax paid and the amount charged
        jumlah yang dibebankan sebagai beban pajak              as final income tax expense in the consolidated
        penghasilan final pada laporan laba rugi dan            statements of profit or loss and other
        penghasilan komprehensif lain konsolidasian             comprehensive income is recognized as
        diakui sebagai pajak dibayar dimuka (utang              prepaid tax (tax payable).
        pajak).

   t.   Provisi dan kontinjensi                            t.   Provisions and contingencies

        Provisi diakui jika Grup memiliki kewajiban kini        Provisions are recognized when the Group has
        (baik bersifat hukum maupun bersifat                    a present obligation (legal or constructive)
        konstruktif) yang akibat peristiwa masa lalu            where, as a result of a past event, it is probable
        besar       kemungkinannya         penyelesaian         that an outflow of resources embodying
        kewajiban tersebut mengakibatkan arus keluar            economic benefits will be required to settle the
        sumber daya yang mengandung manfaat                     obligation and a reliable estimate can be made
        ekonomi dan estimasi yang andal mengenai                of the amount of the obligation.
        jumlah kewajiban tersebut dapat dibuat.

        Provisi ditelaah pada setiap akhir periode              Provisions are reviewed at each end of
        pelaporan        dan      disesuaikan   untuk           reporting period and adjusted to reflect the
        mencerminkan estimasi terbaik yang paling               current best estimate. If it is no longer probable
        kini. Jika arus keluar sumber daya untuk                that an outflow of resources embodying
        menyelesaikan kewajiban kemungkinan besar               economic benefits will be required to settle the
        tidak terjadi, maka provisi dibatalkan.                 obligation, the provision is reversed.
Page 269
PT HASNUR INTERNASIONAL SHIPPING TBK                       PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                               AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian               Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                      For the Years Ended
31 Desember 2025 dan 2024                                                    December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                    (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                        unless Otherwise Stated)


        Aset dan liabilitas kontinjensi tidak diakui         Contingent assets and liabilities are not
        dalam laporan keuangan konsolidasian.                recognized in the consolidated financial
        Liabilitas kontinjensi diungkapkan dalam             statements. Contingent liabilities are disclosed
        laporan keuangan konsolidasian, kecuali arus         in the consolidated financial statements, unless
        keluar sumber daya yang mengandung                   the possibility of an outflow of resources
        manfaat ekonomi kemungkinannya kecil. Aset           embodying economic benefits is remote.
        kontinjensi diungkapkan dalam laporan                Contingent assets are disclosed in the
        keuangan     konsolidasian,   jika   terdapat        consolidated financial statements where an
        kemungkinan besar arus masuk manfaat                 inflow of economic benefits is probable.
        ekonomis akan diperoleh.

   u.   Dividen                                           u. Dividends

        Pembagian dividen kepada para pemegang               Dividend    distribution    to   the    Group’s
        saham Grup diakui sebagai liabilitas dalam           shareholders is recognized as a liability in the
        laporan keuangan konsolidasian pada tahun            consolidated financial statements in the year in
        ketika dividen tersebut disetujui oleh para          which the dividends are approved by the
        pemegang saham Grup.                                 Group’s shareholders.

   v.   Laba per saham dasar                              v. Basic earnings per share

        Laba per saham dasar dihitung dengan                Basic earnings per share amounts are
        membagi total laba tahun berjalan yang dapat        computed by dividing the total income for the
        diatribusikan kepada pemilik entitas induk          year attributable to owners of the parent entity
        dengan jumlah rata-rata tertimbang saham            by the weighted average number of ordinary
        biasa yang beredar pada tahun yang                  shares outstanding during the year.
        bersangkutan.

        Perusahaan tidak mempunyai efek berpotensi           The Company has no outstanding dilutive
        saham biasa yang bersifat dilutif pada tanggal       potential ordinary shares as at December 31,
        31 Desember 2025 dan 2024, dan oleh                  2025 and 2024, and accordingly, no diluted
        karenanya, laba per saham dilusian tidak             earnings per share is calculated and presented
        dihitung dan disajikan pada laporan laba rugi        in the consolidated statements of profit or loss
        dan      penghasilan    komprehensif       lain      and other comprehensive income.
        konsolidasian.

   w. Informasi segmen                                    w. Segment information

        Segmen adalah bagian khusus dari Grup yang           A segment is a distinguishable component of
        terlibat baik dalam menyediakan produk dan           the Group that is engaged either in providing
        jasa (segmen usaha), maupun dalam                    certain products (business segment), or in
        menyediakan produk dalam lingkungan                  providing certain products within a particular
        ekonomi tertentu (segmen geografis), yang            economic environment (geographical segment),
        memiliki risiko dan imbalan yang berbeda dari        which is subject to risk and rewards that are
        segmen lainnya.                                      different from those of other segments.

        Jumlah setiap unsur segmen dilaporkan                The amount of each segment item reported
        merupakan ukuran yang dilaporkan kepada              shall be the measure reported to the chief
        pengambil keputusan operasional untuk tujuan         operating decision maker for the purposes of
        pengambilan keputusan untuk mengalokasikan           making decisions about allocating resources to
        sumber daya kepada segmen dan menilai                the segment and assessing its performance.
        kinerjanya.

        Pendapatan, beban, hasil, aset dan liabilitas        Segment revenue, expenses, result, assets and
        segmen termasuk item-item yang dapat                 liabilities include items directly attributable to a
        diatribusikan langsung kepada suatu segmen           segment as well as those that can be allocated
        serta hal-hal yang dapat dialokasikan dengan         on a reasonable basis to that segment. They
        dasar yang sesuai terhadap segmen tersebut.          are determined before intra-group balances and
        Segmen ditentukan sebelum saldo dan                  intra-group transactions are eliminated in the
        transaksi antar Grup dieliminasi sebagai             consolidation process.
        bagian dari proses konsolidasi.
Page 270
PT HASNUR INTERNASIONAL SHIPPING TBK                        PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                       For the Years Ended
31 Desember 2025 dan 2024                                                     December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                     (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                         unless Otherwise Stated)


   x.   Transaksi dan Saldo dalam Mata Uang                x. Transactions       and   Balances     in   Foreign
        Asing                                                 Currency

        Transaksi dalam mata uang asing dijabarkan              Foreign currency transactions are translated
        ke dalam mata uang fungsional menggunakan               into the functional currency using the exchange
        kurs pada tanggal transaksi. Keuntungan atau            rates prevailing at the dates of the transactions.
        kerugian selisih kurs yang timbul dari                  Foreign exchange gains and losses resulting
        penyelesaian transaksi dan dari penjabaran              from the settlement of such transactions and
        pada kurs akhir tahun atas aset dan liabilitas          from the translation at year end exchange rates
        moneter dalam mata uang asing diakui dalam              of monetary assets and liabilities denominated
        laba rugi.                                              in foreign currencies are recognized in profit or
                                                                loss
        Pada tanggal 31 Desember 2025 dan 2024,                 As at December 31, 2025 and 2024, Bank
        kurs tengah Bank Indonesia masing-masing                Indonesia's middle exchange rate was
        sebesar Rp13.069 dan Rp11.919 per 1 SGD.                Rp13,069 and Rp11,919 per 1 SGD.

   y.   Standar, amendemen/penyesuaian dan                 y.    Standards, amendments/improvements and
        interpretasi standar yang berlaku efektif                interpretation to standards effective in the
        pada tahun berjalan                                      current year

        Penerapan standar akuntansi keuangan dan                 The following are the financial accounting
        amandemen yang berlaku efektif 1 Januari                 standards and amandmends which are
        2025, namun tidak menyebabkan perubahan                  effective from January 1, 2025 and had no
        material    terhadap    jumlah-jumlah    yang            material effect on the amounts reported in the
        dilaporkan     dalam     laporan    keuangan             consolidated financial statements:
        konsolidasian:
        - Amendemen PSAK 221, “Pengaruh                         --   Amendments to PSAK 221, “The Effects of
            Perubahan      Kurs     Valuta     Asing”:               Changes in Foreign Exchange Rates”: Lack
            Kekurangan Ketertukaran                                  of Exchangeability
        - Amendemen         PSAK      117,    “Kontrak           -   Amendments to PSAK 117, “Insurance
            Asuransi”: Penerapan Awal PSAK 117 dan                   Contracts”: Initial Application of PSAK 117
            PSAK 109 - Informasi Komparatif                          and PSAK 109 - Comparative Information
        - PSAK 117, “Kontrak Asuransi”                           -   PSAK 117, “Insurance Contracts”

   z.   Standar dan Amendemen Standar Telah                z.    Standard and Amendments to Standards
        Diterbitkan Tapi Belum Diterapkan                        Issued not yet Adopted

        Amendemen standar akuntansi keuangan                     Amendments to financial accounting standards
        yang telah diterbitkan yang bersifat wajib untuk         issued that are mandatory for the financial
        tahun buku yang dimulai pada atau setelah:               year beginning or after:

        Efektif untuk periode yang dimulai pada atau             Effective for periods beginning on or after
        setelah tanggal 1 Januari 2026                           January 1, 2026
        - Amendemen PSAK 109, “Instrumen                         -   Amendments to PSAK 109, “Financial
           Keuangan” dan PSAK 107, “Instrumen                        Instruments” and PSAK 107, “Financial
           Keuangan - Pengungkapan”: Klasifikasi                     Instruments - Disclosures"
           dan Pengukuran Instrumen Keuangan
        - Amendemen PSAK 109, “Instrumen                         -    Amendment to PSAK 109, “Financial
           Keuangan” dan PSAK 107, “Instrumen                         Instruments” and PSAK 107, “Financial
           Keuangan:       Pengungkapan”     tentang                  Instruments: Disclosure” about Contracts
           Kontrak Yang Mengacu Pada Listrik                          Referencing Nature-Dependent Electricity
           Bergantung Alam
        - PSAK 338 (Revisi 2025), “Kombinasi Bisnis              -    PSAK 338 (Revised 2025), “Business
           Entitas Sepengendali”                                      Combinations of Entities Under Common
                                                                      Control”

        Efektif untuk periode yang dimulai pada atau             Effective for periods beginning on or after
        setelah tanggal 1 Januari 2027                           January 1, 2027
        - PSAK 413, “Penurunan Nilai”                            -   PSAK 413, “Impairment”
        - PSAK 414, “Penurunan Nilai Aset                        -   PSAK 414, “Impairment of Sharia
           Keuangan Syariah bagi Entitas yang                        Financial Assets for Entities Applying
           Menerapkan SAK Indonesia untuk Entitas                    Indonesian       Financial      Accounting
           Privat”                                                   Standards for Private Entities”
Page 271
PT HASNUR INTERNASIONAL SHIPPING TBK                              PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                      AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                      Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                             For the Years Ended
31 Desember 2025 dan 2024                                                           December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                           (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                               unless Otherwise Stated)


         -   PSAK 118, “Penyajian dan Pengungkapan                   -      PSAK 118, “Presentation and Disclosure
             dalam Laporan Keuangan”                                        in Financial Statements”
         -   PSAK      119,   “Entitas   Anak    Tanpa               -      PSAK 119, “Subsidiaries without Public
             Akuntabilitas Publik: Pengungkapan”                            Accountability: Disclosures”

         Sampai dengan tanggal penerbitan laporan                        As at the date of authorization of these
         keuangan     konsolidasian,   Grup    masih                     consolidated financial statements, the Group
         mempelajari dampak yang mungkin timbul dari                     is still evaluating the potential impact of the
         penerapan amendemen PSAK tersebut dan                           above amendments to PSAKs and has not
         dampak dari penerapan amendemen PSAK                            yet determined the related effects on the
         tersebut pada laporan keuangan konsolidasian                    consolidated financial statements.
         belum dapat ditentukan.

     aa. Peristiwa setelah periode pelaporan                     aa. Events after the reporting period

         Peristiwa setelah periode pelaporan yang                        Events after the reporting period that provide
         memberikan informasi tambahan tentang                           additional information about the Group’s
         posisi Grup pada periode pelaporan (peristiwa                   position at the reporting period (adjusting
         yang memerlukan penyesuaian) tercermin                          events) are reflected in the consolidated
         dalam laporan keuangan konsolidasian.                           financial statements.

         Peristiwa setelah periode pelaporan yang tidak                  Events after the reporting period that are not
         memerlukan       penyesuaian,     jika    ada,                  adjusting events, if any, are disclosed when
         diungkapkan ketika material terhadap laporan                    material to the consolidated financial
         keuangan konsolidasian.                                         statements.

3.   Penggunaan Estimasi,          Pertimbangan,    dan     3.   Management Use of Estimates, Judgments, and
     Asumsi Manajemen                                            Assumptions

     Penyusunan laporan keuangan konsolidasian Grup              The preparation of the Group’s consolidated
     mengharuskan manajemen untuk membuat                        financial statements requires management to make
     pertimbangan, estimasi dan asumsi yang                      judgments, estimates and assumptions that affect
     memengaruhi jumlah yang dilaporkan dari                     the reported amounts of revenues, expenses,
     pendapatan, beban, aset dan liabilitas, dan                 assets and liabilities, and the disclosure of
     pengungkapan atas liabilitas kontinjensi, pada akhir        contingent liabilities, at the end of the reporting
     periode pelaporan. Ketidakpastian mengenai                  period. Uncertainty about these assumptions and
     asumsi dan estimasi tersebut dapat mengakibatkan            estimates could result in outcomes that require a
     penyesuaian material terhadap nilai tercatat pada           material adjustment to the carrying amount of the
     aset dan liabilitas dalam periode pelaporan                 asset and liability affected in future periods.
     berikutnya.

     Pertimbangan                                                Judgments

     Pertimbangan berikut ini dibuat oleh manajemen              The following judgments are made by management
     dalam rangka penerapan kebijakan akuntansi Grup             in the process of applying the Group’s accounting
     yang memiliki pengaruh paling signifikan atas               policies that have the most significant effects on the
     jumlah yang diakui dalam laporan keuangan                   amounts recognized in the consolidated financial
     konsolidasian:                                              statements:

     Klasifikasi aset dan liabilitas keuangan                    Classification of financial assets and liabilities

     Grup menetapkan klasifikasi atas aset dan liabilitas        The Group determines the classifications of certain
     tertentu sebagai aset keuangan dan liabilitas               assets and liabilities as financial assets and
     keuangan dengan mempertimbangkan bila definisi              financial liabilities by judging if they meet
     yang ditetapkan PSAK 109 dipenuhi. Dengan                   the definition set forth in PSAK 109. Accordingly,
     demikian, aset keuangan dan liabilitas keuangan             the financial assets and financial liabilities are
     diakui sesuai dengan kebijakan akuntansi Grup               accounted for in accordance with the Group’s
     seperti diungkapkan pada Catatan 2e.                        accounting policies disclosed in Note 2e.
Page 272
PT HASNUR INTERNASIONAL SHIPPING TBK                       PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                               AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian               Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                      For the Years Ended
31 Desember 2025 dan 2024                                                    December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                    (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                        unless Otherwise Stated)


   Estimasi dan asumsi                                    Estimates and assumptions

   Asumsi utama masa depan dan sumber utama               The key assumptions concerning the future and
   estimasi ketidakpastian lain pada tanggal              other key sources of estimation uncertainty at
   pelaporan yang memiliki risiko signifikan bagi         the reporting date that have a significant risk of
   penyesuaian yang material terhadap nilai tercatat      causing a material adjustment to the carrying
   aset dan liabilitas untuk tahun berikutnya             amounts of assets and liabilities within the next
   diungkapkan di bawah ini.                              financial year are disclosed below.

   Grup mendasarkan asumsi dan estimasi pada              The Group based its assumptions and estimates
   parameter yang tersedia pada saat laporan              on parameters available when the financial
   keuangan disusun. Asumsi dan situasi mengenai          statements were prepared. Existing circumstances
   perkembangan masa depan mungkin berubah                and assumptions about future developments may
   akibat perubahan pasar atau situasi di luar kendali    change due to market changes or circumstances
   Grup. Perubahan tersebut dicerminkan dalam             arising beyond the control of the Group. Such
   asumsi terkait pada saat terjadinya.                   changes are reflected in the assumptions when
                                                          they occur.

   Estimasi provisi untuk kerugian penurunan nilai        Estimating provision     for   impairment   loss   on
   atas piutang                                           receivables

   Tingkat provisi yang spesifik dievaluasi oleh          The level of a specific provision is evaluated by
   manajemen dengan dasar faktor-faktor yang              management on the basis of factors that affect the
   memengaruhi tingkat tertagihnya piutang tersebut.      collectibility of the accounts. In these cases, the
   Dalam kasus ini, Grup menggunakan pertimbangan         Group uses judgement based on the best available
   berdasarkan fakta dan kondisi terbaik yang             facts and circumstances, including but not limited
   tersedia meliputi tetapi tidak terbatas pada jangka    to, the length of the Group’s relationship with the
   waktu hubungan Grup dengan pelanggan dan               customers and customers’ credits status based on
   status kredit pelanggan berdasarkan laporan dari       third-party credit reports and known market factors,
   pihak ketiga dan faktor-faktor pasar yang telah        to record specific reserves for customers against
   diketahui, untuk mencatat pencadangan spesifik         amounts due in order to reduce the Group’s
   untuk pelanggan terhadap jumlah jatuh tempo            receivables to amounts that it expects to collect.
   untuk mengurangi piutang Grup menjadi jumlah
   yang diharapkan tertagih.

   Pencadangan secara spesifik ini dievaluasi kembali     These specific reserves are re-evaluated and
   dan disesuaikan jika terdapat informasi tambahan       adjusted as additional information received affects
   yang diterima yang memengaruhi jumlah yang             the amounts estimated. In addition to specific
   diestimasikan. Selain provisi khusus terhadap          provision      against     individually    significant
   piutang yang signifikan secara individual, Grup juga   receivables, the Group also recognizes a collective
   mengakui provisi penurunan nilai secara kolektif       impairment provision against credit exposure of its
   terhadap risiko kredit debitur yang dikelompokkan      debtors which are grouped based on common
   berdasarkan karakteristik kredit yang sama, dan        credit characteristics, and although not specifically
   meskipun tidak secara spesifik diidentifikasi          identified as requiring a specific provision, have a
   membutuhkan provisi khusus, memiliki risiko gagal      greater risk of default than when the receivables
   bayar lebih tinggi daripada ketika piutang pada        were originally granted to the debtors.
   awalnya diberikan kepada debitur.

   Grup       menerapkan         pendekatan       yang    The Group applies simplified approach to
   disederhanakan untuk mengukur kerugian kredit          measuring expected credit losses which uses a
   ekspektasian yang menggunakan cadangan                 lifetime expected loss allowance for all trade
   kerugian kredit ekspektasian seumur hidup untuk        receivables. In determining expected credit losses,
   seluruh piutang usaha. Dalam penentuan kerugian        management is required to exercise judgement in
   kredit ekspektasian, manajemen diharuskan untuk        defining what is considered to be a significant
   menggunakan pertimbangan dalam mendefinisikan          increase in credit risk and in making assumptions
   hal apa yang dianggap sebagai kenaikan risiko          and estimates, to incorporate relevant information
   kredit yang signifikan dan dalam pembuatan             about past events, current conditions and forecasts
   asumsi dan estimasi, untuk menghubungkan               of economic conditions. Judgement has been
   informasi yang relevan tentang kejadian masa lalu,     applied in determining the lifetime and point of
   kondisi terkini dan perkiraan atas kondisi ekonomi.    initial recognition of receivables.
   Pertimbangan diaplikasikan dalam menentukan
   periode seumur hidup dan titik pengakuan awal
   piutang.
Page 273
PT HASNUR INTERNASIONAL SHIPPING TBK                     PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                             AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian             Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                    For the Years Ended
31 Desember 2025 dan 2024                                                  December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                  (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                      unless Otherwise Stated)


   Imbalan kerja                                        Employee benefits

   Penentuan biaya liabilitas imbalan kerja Grup        The determination of the Group’s cost for employee
   bergantung pada pemilihan          asumsi yang       benefits liabilities is dependent on its selection of
   digunakan oleh aktuaris independen dalam             certain assumptions used by the independent
   menghitung jumlah tersebut. Asumsi tersebut          actuaries in calculating such amounts. Those
   termasuk antara lain, tingkat diskonto, tingkat      assumptions include among others, discount rates,
   kenaikan gaji tahunan, tingkat pengunduran diri      future annual salary increase, annual employee
   karyawan tahunan, tingkat kecacatan, umur            turn-over rate, disability rate, retirement age and
   pensiun dan tingkat kematian. Hasil aktual yang      mortality rate. Actual results that differ from the
   berbeda dari asumsi yang ditetapkan Grup             Group’s assumptions are recognized immediately
   langsung diakui dalam laba atau rugi pada saat       in the profit or loss as and when they occurred.
   terjadinya. Sementara Grup berkeyakinan bahwa        While the Group believes that its assumptions are
   asumsi tersebut adalah wajar dan sesuai,             reasonable and appropriate, significant differences
   perbedaan signifikan pada hasil aktual atau          in the Group’s actual experiences or significant
   perubahan signifikan dalam asumsi yang               changes in the Group’s assumptions may
   ditetapkan Grup dapat memengaruhi secara             materially affect its estimated liabilities for
   material liabilitas diestimasi atas pensiun dan      employee benefits and net employee benefits
   imbalan kerja dan beban imbalan kerja neto.          expense. Further details are disclosed in Notes 2q
   Penjelasan lebih rinci diungkapkan dalam             and 17.
   Catatan 2q dan 17.

   Penyusutan aset tetap                                Depreciation of property, plant and equipment

   Biaya perolehan aset tetap disusutkan dengan         The costs of property, plant and equipment are
   menggunakan metode garis lurus berdasarkan           depreciated on a straight-line method over their
   taksiran masa manfaat ekonomisnya. Manajemen         estimated useful lives. Management estimates the
   mengestimasi masa manfaat ekonomis aset tetap        useful lives of these property, plant and equipment
   antara 4 sampai dengan 20 tahun. Ini merupakan       to be within 4 to 20 years. These are common life
   masa manfaat ekonomis yang secara umum               expectancies applied in the industries where the
   diharapkan    dalam     industri dimana    Grup      Group conducts its businesses. Changes in the
   menjalankan     bisnisnya.   Perubahan   tingkat     expected level of usage and technological
   pemakaian dan perkembangan teknologi dapat           development could impact the economic useful
   memengaruhi masa manfaat ekonomis dan nilai          lives and the residual values of these assets, and
   sisa aset, dan karenanya biaya penyusutan masa       therefore future depreciation charges could be
   depan mungkin direvisi. Penjelasan lebih rinci       revised. Further details are disclosed in Notes 2j
   diungkapkan dalam Catatan 2j dan 9.                  and 9.

   Instrumen keuangan                                   Financial instruments

   Grup mencatat aset dan liabilitas keuangan           The Group recorded certain financial assets and
   tertentu berdasarkan nilai wajar pada pengakuan      liabilities initially based on fair values, which
   awal, yang mengharuskan penggunaan estimasi          requires the use of accounting estimates.
   akuntansi. Sementara komponen signifikan atas        While significant components of fair value
   pengukuran nilai wajar ditentukan menggunakan        measurement were determined using verifiable
   bukti objektif yang dapat diverifikasi, jumlah       objective evidences, the amount of changes in fair
   perubahan nilai wajar dapat berbeda bila Grup        values would differ if the Group utilized different
   menggunakan metodologi penilaian yang berbeda.       valuation methodology. Any changes in fair values
   Perubahan nilai wajar aset dan liabilitas keuangan   of these financial assets and liabilities would affect
   tersebut dapat memengaruhi secara langsung           directly the Group’s statement of profit or loss and
   laporan laba rugi dan penghasilan komprehensif       other comprehensive income. Further details are
   lain Grup. Penjelasan lebih rinci dijelaskan dalam   disclosed in Notes 2e and 26.
   Catatan 2e dan 26.

   Pajak penghasilan                                    Income tax

   Pertimbangan       signifikan   dilakukan  dalam     Significant judgment is involved in determining
   menentukan provisi atas pajak penghasilan badan.     the provision for corporate income tax. There are
   Terdapat transaksi dan perhitungan tertentu yang     certain transactions and computation for which
   penentuan pajak akhirnya adalah tidak pasti          the ultimate tax determination is uncertain during
   sepanjang kegiatan usaha normal. Grup mengakui       the ordinary course of business. The Group
   liabilitas    atas   pajak    penghasilan  badan     recognizes liabilities for expected corporate income
   berdasarkan estimasi apakah akan terdapat            tax issues based on estimates of whether
   tambahan pajak penghasilan badan. Penjelasan         additional corporate income tax will be due. Further
   lebih rinci diungkapkan dalam Catatan 16.            details are disclosed in Note 16.
Page 274
PT HASNUR INTERNASIONAL SHIPPING TBK                                PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                        AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                        Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                               For the Years Ended
31 Desember 2025 dan 2024                                                             December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                             (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                 unless Otherwise Stated)


     Estimasi suku bunga pinjaman inkremental untuk                Estimating the incremental borrowing rate for
     sewa                                                          leases

     Grup tidak dapat langsung menentukan tingkat                  The Group cannot readily determine the interest
     bunga implisit dalam sewa, oleh karena itu, Grup              rate implicit in the lease, therefore, it uses its
     menggunakan suku bunga pinjaman inkremental                   incremental borrowing rate (IBR) to measure lease
     (“IBR”) untuk mengukur kewajiban sewa. IBR                    liabilities. The IBR is the rate of interest that the
     adalah tingkat bunga yang harus dibayar Grup                  Group would have to pay to borrow over a similar
     untuk meminjam dalam jangka waktu yang sama,                  term, and with a similar security, the funds
     dan dengan jaminan serupa, dana yang diperlukan               necessary to obtain an asset of a similar value to
     untuk memperoleh aset dengan nilai yang sama                  the right-of-use asset in a similar economic
     dengan aset hak guna dalam lingkungan ekonomi                 environment. IBR therefore reflects what the Group
     yang sama. Oleh karena itu, IBR mencerminkan                  ‘would have to pay’, which requires estimation
     apa yang 'harus dibayar' oleh Grup, yang                      when no observable rates are available or when
     memerlukan perkiraan ketika tidak ada tarif yang              they need to be adjusted to reflect the terms and
     tersedia sebagai acuan atau ketika perlu                      conditions of the lease. The Group estimates the
     disesuaikan untuk mencerminkan syarat dan                     IBR using observable inputs (such as market
     ketentuan sewa. Grup memperkirakan IBR                        interest rates).
     menggunakan input yang dapat diamati (seperti
     suku bunga pasar).


4.   Kas dan Setara Kas                                     4.     Cash and Cash Equivalent
                                                2025                2024

     Kas - Rupiah                               2.265.938           5.357.300 Cash on hand - Rupiah

     Bank                                                                        Cash in banks
     Pihak ketiga - Rupiah                                                       Third parties - Rupiah
       PT Bank Syariah Indonesia Tbk       58.390.168.755    41.449.307.749        PT Bank Syariah Indonesia Tbk
       PT Bank Mandiri (Persero) Tbk       40.421.714.057    30.856.520.741        PT Bank Mandiri (Persero) Tbk
       PT Bank Central Asia Tbk            23.931.404.044     5.040.007.139        PT Bank Central Asia Tbk
       PT Bank Negara Indonesia                                                    PT Bank Negara Indonesia
         (Persero) Tbk                         99.766.849        5.836.950.303        (Persero) Tbk

     Sub-total                            122.843.053.705    83.182.785.932 Sub-total

     Deposito berjangka                                                     Time deposit
     Pihak ketiga - Rupiah                                                  Third party - Rupiah
       PT Bank Syariah Indonesia Tbk                    -    81.550.000.000   PT Bank Syariah Indonesia Tbk

     Total                                122.845.319.643   164.738.143.232        Total


     Tingkat suku bunga deposito bank jangka pendek                Interest rates on short-term bank deposits are as
     adalah sebagai berikut:                                       follows:
                                                2025               2024

     Rupiah                                 5,00% - 6,00%    5,65% - 6,00% Rupiah



5.   Piutang Usaha                                          5.     Trade Receivables
                                                2025                2024

     Pihak berelasi (Catatan 24)                                                 Related parties (Note 24)
     Rupiah                                                                      Rupiah
       PT Bhumi Rantau Energi              35.466.015.535    33.400.677.205        PT Bhumi Rantau Energi
       PT Energi Batubara Lestari          30.960.338.013    37.560.764.752        PT Energi Batubara Lestari
       PT Hasnur Jaya International        11.661.481.448    10.204.041.447        PT Hasnur Jaya International
       PT Nur Jaya Samudra                              -       573.286.483        PT Nur Jaya Samudra

     Sub-total                             78.087.834.996    81.738.769.887 Sub-total
Page 275
PT HASNUR INTERNASIONAL SHIPPING TBK                               PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                       AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                       Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                              For the Years Ended
31 Desember 2025 dan 2024                                                            December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                            (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                unless Otherwise Stated)


                                               2025               2024

   Pihak ketiga                                                                Third parties
   Rupiah                                                                      Rupiah
     PT Kaltim Prima Coal                  64.181.257.744     71.974.563.660     PT Kaltim Prima Coal
     PT Maritime Power                     15.709.273.696      5.119.525.744     PT Maritime Power
     PT Manggala Duta Makmur                5.193.016.138      5.193.016.138     PT Manggala Duta Makmur
     PT Permata Lintas Abadi                4.331.009.982      2.878.207.571     PT Permata Lintas Abadi
     PT Watama Lintas Abadi                 3.226.709.301                  -     PT Watama Lintas Abadi
     PT Wahana Baratama Mining              2.921.117.025      6.971.204.475     PT Wahana Baratama Mining
     PT Sumber Rezeki Samudra Jaya          2.679.372.656                  -     PT Sumber Rezeki Samudra Jaya
     PT Bima Maritimindo                    1.570.177.140      1.333.598.400     PT Bima Maritimindo
     PT Rizky Armada Transportasi           1.425.000.000      1.425.000.000     PT Rizky Armada Transportasi
     PT Bara Tabang                         1.280.574.393      1.131.948.458     PT Bara Tabang
     PT Fajar Sakti Prima                   1.250.656.596      1.703.212.553     PT Fajar Sakti Prima
     PT Arutmin Indonesia                   1.073.636.520                  -     PT Arutmin Indonesia
     PT Tiwa Abadi                            626.610.305      2.790.449.173     PT Tiwa Abadi
     PT Tanur Jaya                            620.056.540      1.094.904.000     PT Tanur Jaya
     PT Watama Samudra Prima                            -      1.002.925.511     PT Watama Samudra Prima
     Lain-lain (masing-masing                                                    Others (each below
       dibawah Rp500 juta)                    134.820.600      1.235.017.741        Rp500 million)

   Sub-total                              106.223.288.636    103.853.573.424 Sub-total
   Total                                  184.311.123.632    185.592.343.311 Total
   Dikurangi: penyisihan atas
     Penurunan nilai                      (10.466.337.063)    (3.188.624.284) Less: provision for impairment

   Total - neto                           173.844.786.569    182.403.719.027 Total - net



   Analisis umur piutang usaha adalah sebagai                    The aging analysis of trade receivables is as
   berikut:                                                      follows:
                                               2025               2024

   Belum jatuh tempo                       58.874.523.568     58.181.602.573 Not yet due
   Jatuh tempo:                                                              Due:
     Sampai dengan 30 hari                 58.154.032.936     55.580.189.722   Up to 30 days
     31 - 90 hari                          47.133.849.578     67.459.035.489   31 - 90 days
     > 90 hari                             20.148.717.550      4.371.515.527   > 90 days

   Total                                  184.311.123.632    185.592.343.311 Total

   Dikurangi: penyisihan atas
     penurunan nilai                      (10.466.337.063)    (3.188.624.284) Less: provision for impairment

   Total - neto                           173.844.786.569    182.403.719.027 Total - net



   Mutasi penyisihan penurunan nilai piutang usaha:              Movement of allowances for impairment of trade
                                                                 receivables:

                                               2025               2024

   Saldo awal                              (3.188.624.284)      (174.307.188) Beginning balance
   Pembentukan cadangan (Catatan 23)       (7.277.712.779)    (3.014.317.096) Provision (Note 23)

   Total - neto                           (10.466.337.063)    (3.188.624.284) Total - net
Page 276
PT HASNUR INTERNASIONAL SHIPPING TBK                                  PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                          AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                          Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                 For the Years Ended
31 Desember 2025 dan 2024                                                               December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                               (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                   unless Otherwise Stated)


     Cadangan kerugian penurunan nilai piutang usaha                 The expected loss provision of trade receivables
     yang dibentuk Perusahaan dan entitas anak pada                  established by the Company and its subsidiaries as
     31 Desember 2025 dan 2024 berdasarkan                           at December 31, 2025 and 2024 was based on
     penilaian cadangan kerugian penurunan nilai                     expected loss provision of trade receivables
     piutang usaha yang dibentuk Perusahaan dan                      established by the Company and its subsidiaries
     entitas anak berdasarkan penilaian secara kolektif              based on the results of a collective review in
     sesuai dengan PSAK 109.                                         accordance with PSAK 109.

     Manajemen Grup berpendapat bahwa cadangan                       The management of the Group believes that
     kerugian penurunan nilai adalah cukup untuk                     the allowance for impairment losses is adequate to
     menutupi kemungkinan atas tidak tertagihnya                     cover any loss from uncollectible accounts.
     piutang usaha.


6.   Persediaan                                               6.     Inventories

     Akun ini terdiri dari:                                          This account consists of:

                                                 2025                 2024

     Bahan bakar                             11.649.165.115        8.814.835.277 Fuel
     Suku cadang                                505.689.730          463.785.291 Spareparts

     Total                                   12.154.854.845        9.278.620.568 Total


     Manajemen Grup berpendapat bahwa nilai tercatat                 The Group’s management is of the opinion that
     persediaan mendekati nilai realisasi neto-nya.                  the carrying amount of inventories approximate
                                                                     their net realizable value.
7.   Beban Dibayar Dimuka                                     7.     Prepayments

                                                 2025                 2024

     Asuransi                                 4.233.850.385        3.653.263.375 Insurance
     Lain-lain                                   74.000.032           77.189.834 Others

     Total                                    4.307.850.417        3.730.453.209 Total




8.   Uang Muka Operasional dan Pembelian Aset                 8.     Advance Payments for Operations and
     Tetap                                                           Purchase of Property, Plant and Equipment

     a.   Uang muka operasional:                                     a. Advance payments for operations:

                                                 2025                 2024

          Biaya kapal                         4.751.263.212        6.092.245.695 Vessels Cost
          Docking                             4.472.820.176        3.219.958.147 Docking
          Lain-lain                           2.662.964.825          981.493.672 Others

          Total                              11.887.048.213    10.293.697.514 Total


     b.   Uang muka pembelian aset tetap:                            b. Advance for purchase of property, plant and
                                                                        equipment:

                                                 2025                 2024

          Kapal dan tongkang                 19.411.847.940    38.443.041.908 Vessel and barge
          Floating Loading Facilities                     -    19.914.375.000 Floating Loading Facilities
          Renovasi kantor                                 -    15.389.319.620 Office renovation

          Total                              19.411.847.940    73.746.736.528 Total
Page 277
PT HASNUR INTERNASIONAL SHIPPING TBK                    PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                            AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian            Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                   For the Years Ended
31 Desember 2025 dan 2024                                                 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                 (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                     unless Otherwise Stated)


   Berdasarkan Akta Notaris Yondri Darto, S.H.,        Based on Notarial Deed of Notaris Yondri Darto,
   No. 29 tanggal 21 Januari 2025, Perusahaan          S.H., No. 29 dated January 21, 2025, the
   sepakat mengadakan perjanjian pembangunan dan       Company agreed to enter into a shipbuilding and
   jual beli kapal dengan PT ASL Shipyard Indonesia.   sales purchase agreement with PT ASL Shipyard
   Perusahaan memiliki komitmen untuk membeli          Indonesia. The Company has a commitment to
   1     (satu)    unit  tongkang   dengan    harga    purchase 1 (one) unit of barge at a price of
   SGD3.255.000.                                       SGD3,255,000.

   Berdasarkan Akta Notaris Dr. Yudo Diharjo           Based on Notarial Deed of Dr. Yudo Diharjo
   Lantanea No. 4, 5, 6 tanggal 12 Februari 2025,      Lantanea No. 4, 5, 6 dated February 12, 2025, the
   Perusahaan sepakat mengadakan perjanjian            Company agreed to enter into a shipbuilding and
   pembangunan dan jual beli kapal dengan              sales purchase agreement with PT Palma
   PT Palma Progress Shipyard. Perusahaan memiliki     Progress Shipyard. The Company has a
   komitmen untuk membeli 3 (tiga) unit tugboat        commitment to purchase 3 (three) unit of tugboats
   masing-masing berukuran 29,61 meter dengan          each measuring 29.61 meters at a price of
   harga SGD2.290.000.                                 SGD2,290,000.

   Berdasarkan Akta Notaris Yondri Darto, S.H.,        Based on Notarial Deed of Yondri Darto, S.H.,
   No. 9093/L/V/2025 dan 9094/L/V/2025 tanggal         No. 9093/L/V/2025 and 9094/L/V/2025 dated
   21 Mei 2025, Perusahaan sepakat mengadakan          May 21, 2025, the Company agreed to enter into
   perjanjian pembangunan dan jual beli kapal          shipbuilding  and   trading  agreement    with
   dengan PT Tunas Karya Bahari Indonesia.             PT Tunas Karya Bahari Indonesia. The Company
   Perusahaan memiliki komitmen untuk membeli 2        has a commitment to buy 2 (two) units of barge
   (dua) unit tongkang dengan harga masing-masing      price at SGD2,500,000 and SGD3,255,000
   SGD2.500.000 dan SGD3.255.000.                      respectively.

   Berdasarkan Akta Notaris Utiek R. Abdurachman,      Based on Notarial Deed of Utiek R. Abdurachman,
   S.H., M.LI., M.Kn. No. 33 tanggal 30 Juni 2025,     S.H., M.LI., M.Kn. No. 33 dated June 30, 2025, the
   Perusahaan sepakat mengadakan perjanjian            Company agreed to enter into a shipbuilding and
   pembangunan dan jual beli kapal dengan              sales purchase agreement with PT Bahtera Bahari
   PT Bahtera Bahari Shipyard. Perusahaan memiliki     Shipyard. The Company has a commitment to
   komitmen untuk membeli 1 (satu) unit tugboat        purchase 1 (one) unit of tugboats measuring 29.00
   berukuran     29,00    meter   dengan     harga     meters each at a price of SGD2,000,000.
   SGD2.000.000.

   Berdasarkan Akta Notaris Yondri Darto, S.H.,        Based on Notarial Deed No. 9153/L/IX/2025 of
   No. 9153/L/IX/2025 tanggal 18 September 2025,       Yondri Darto, S.H., dated September 18, 2025, the
   Perusahaan sepakat mengadakan perjanjian            Company agreed to enter into a ship construction
   pembangunan dan jual beli kapal dengan              and sale and purchase agreement with PT Tunas
   PT Tunas Karya Bahari Indonesia. Perusahaan         Karya Bahari Indonesia. The Company has
   memiliki komitmen untuk membeli 1 (satu) unit       committed to purchase 1 (one) 270 feet barge unit
   tongkang berukuran 270 feet dengan harga            at a price of SGD1,998,000.
   SGD1.998.000.

   Berdasarkan Akta Notaris Dr. Yudo Diharjo           Based on Notarial Deed of Dr. Yudo Diharjo
   Lantanea No. 12 tanggal 28 Agustus 2024,            Lantanea No. 12 dated August 28, 2024, the
   Perusahaan sepakat mengadakan perjanjian            Company agreed to enter into a shipbuilding and
   pembangunan dan jual beli kapal dengan              sales purchase agreement with PT Palma Progress
   PT Palma Progress Shipyard. Perusahaan memiliki     Shipyard. The Company has a commitment to
   komitmen    untuk   membeli    1   (satu) unit      purchase 1 (one) unit of tugboat measuring 29.61
   tugboat berukuran 29,61 meter dengan harga          meters at a price of SGD2,270,000. Tugboat will be
   SGD2.270.000. Tugboat akan diserahkan tidak         delivered no later than four (4) months after the first
   lebih dari empat (4) bulan setelah pembayaran       payment. The tugboat has been received by the
   uang muka. Tugboat telah diterima oleh              Company in January 2025.
   Perusahaan pada Januari 2025.
Page 278
PT HASNUR INTERNASIONAL SHIPPING TBK                                               PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                                       AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                       Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                              For the Years Ended
31 Desember 2025 dan 2024                                                                            December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                                            (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                                unless Otherwise Stated)


     Berdasarkan Akta Notaris Utiek R. Abdurachman,                               Based on Notarial Deed of Utiek R. Abdurachman,
     S.H., M.LI., M.Kn. No. 7 tanggal 13 September                                S.H., M.LI., M.Kn. No. 7 dated September 13,
     2024, Perusahaan sepakat mengadakan perjanjian                               2024, the Company agreed to enter into a
     pembangunan dan jual beli kapal dengan                                       shipbuilding and sales purchase agreement with
     PT Bahtera Bahari Shipyard. Perusahaan memiliki                              PT Bahtera Bahari Shipyard. The Company has a
     komitmen untuk membeli 1 (satu) unit tugboat                                 commitment to purchase 1 (one) unit of tugboats
     berukuran     29,00   meter    dengan    harga                               measuring 29.00 meters each at a price of
     SGD2.000.000.                                                                SGD2,000,000.

     Berdasarkan Akta Notaris Yondri Darto, S.H.,                                 Based on Notarial Deed of Yondri Darto, S.H.,
     No. 8911/L/VIII/2024 tanggal 29 Agustus 2024,                                No. 8911/L/VIII/2024 dated August 29, 2024, the
     Perusahaan sepakat mengadakan perjanjian                                     Company agreed to enter into shipbuilding and
     pembuatan dan jual beli kapal dengan PT Tunas                                trading agreement with PT Tunas Karya Bahari
     Karya Bahari Indonesia. Perusahaan memiliki                                  Indonesia. The Company has a commitment to buy
     komitmen untuk membeli 1 (satu) unit tongkang                                1 (one) unit of barge price at SGD3,280,000.
     dengan harga SGD3.280.000.

     Berdasarkan perjanjian No. SF2024-001517                                     Based on the agreement No. SF2024-001517
     tanggal      17    Oktober     2024      tentang                             dated October 17, 2024 regarding the
     Penjualan/Pembelian Solusi Pelabuhan dan                                     Sale/Purchase of Port and Transshipment Solution
     pengiriman Muatan Tengah Laut dari Kapal ke                                  of Mid-Sea Cargo with Libherr-MCCtec Rostock
     kapal dengan Libherr-MCCtec Rostock GmbH,                                    GmbH, the subsidiary intends to purchase 2 (two)
     entitas anak bermaksud untuk membeli 2 (dua) unit                            units of Cranes at a price EUR4,750,000.
     Crane dengan harga EUR4.750.000.


9.   Aset Tetap - Neto                                                   9.       Property, Plant and Equipment - Net
                                                    31 Desember/December 31, 2025

                            Saldo Awal/                                                                     Saldo Akhir/
                             Beginning      Penambahan/       Pengurangan/          Reklasifikasi/            Ending
                              Balance        Additions         Deductions          Reclassification           Balance

     Harga Perolehan                                                                                                          Acquisition Cost
     Kepemilikan Langsung                                                                                                     Direct Ownership
       Tanah               28.161.669.205                 -                   -                       -      28.161.669.205      Land
       Bangunan            95.232.793.092                 -                   -                       -      95.232.793.092      Buildings
       Kapal              820.606.176.437   253.446.385.970                   -                       -   1.074.052.562.407      Vessels
       Mesin                1.929.981.661        17.000.000                   -                       -       1.946.981.661      Machineries
       Kendaraan            3.833.946.943                 -                   -                       -       3.833.946.943      Vehicles
       Peralatan kantor    13.954.306.764     2.241.842.118                   -                       -      16.196.148.882      Office equipment
       Aset dalam                                                                                                                Construction in
          penyelesaian                  -   260.486.018.389                   -                       -    260.486.018.389          progress

     Sub-total            963.718.874.102   516.191.246.477                   -                       -   1.479.910.120.579   Sub-total

     Akumulasi Penyusutan                                                                                                     Accumulated Depreciation
     Kepemilikan Langsung                                                                                                     Direct Ownership
       Bangunan             8.646.755.607     8.170.652.512                   -                       -     16.817.408.119       Buildings
       Kapal              297.551.094.041    52.565.478.778                   -                       -    350.116.572.819       Vessels
       Mesin                1.399.593.773       169.913.061                   -                       -      1.569.506.834       Machineries
       Kendaraan            2.849.069.492       266.605.901                   -                       -      3.115.675.393       Vehicles
       Peralatan kantor     7.517.335.073     2.733.698.311                   -                       -     10.251.033.384       Office equipment

     Sub-total            317.963.847.986    63.906.348.563                   -                       -    381.870.196.549    Sub-total

     Nilai Tercatat       645.755.026.116                                                                 1.098.039.924.030   Carrying Value


                                                    31 Desember/December 31, 2024

                            Saldo Awal/                                                                     Saldo Akhir/
                             Beginning      Penambahan/       Pengurangan/          Reklasifikasi/            Ending
                              Balance        Additions         Deductions          Reclassification           Balance

     Harga Perolehan                                                                                                          Acquisition Cost
     Kepemilikan Langsung                                                                                                     Direct Ownership
       Tanah               28.161.669.205                 -                   -                       -     28.161.669.205       Land
       Bangunan            78.828.718.130    16.404.074.962                   -                       -     95.232.793.092       Buildings
       Kapal              595.641.308.387   224.964.868.050                   -                       -    820.606.176.437       Vessels
       Mesin                1.290.412.750       639.568.911                   -                       -      1.929.981.661       Machineries
       Kendaraan            3.833.946.943                 -                   -                       -      3.833.946.943       Vehicles
       Peralatan kantor     9.341.115.258     4.613.191.506                   -                       -     13.954.306.764       Office equipment

     Sub-total            717.097.170.673   246.621.703.429                   -                       -    963.718.874.102    Sub-total
Page 279
PT HASNUR INTERNASIONAL SHIPPING TBK                                               PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                                       AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                       Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                              For the Years Ended
31 Desember 2025 dan 2024                                                                            December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                                            (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                                unless Otherwise Stated)

                                                 31 Desember/December 31, 2024

                          Saldo Awal/                                                                     Saldo Akhir/
                           Beginning      Penambahan/          Pengurangan/         Reklasifikasi/          Ending
                            Balance        Additions            Deductions         Reclassification         Balance

   Akumulasi Penyusutan                                                                                                     Accumulated Depreciation
   Kepemilikan Langsung                                                                                                     Direct Ownership
     Bangunan             2.165.754.351    6.481.001.256                      -                       -     8.646.755.607      Buildings
     Kapal              258.017.174.807   39.533.919.234                      -                       -   297.551.094.041      Vessels
     Mesin                1.258.100.250      141.493.523                      -                       -     1.399.593.773      Machineries
     Kendaraan            2.572.123.516      276.945.976                      -                       -     2.849.069.492      Vehicles
     Peralatan kantor     5.516.472.424    2.000.862.649                      -                       -     7.517.335.073      Office equipment

   Sub-total            269.529.625.348   48.434.222.638                      -                       -   317.963.847.986   Sub-total

   Nilai Tercatat       447.567.545.325                                                                   645.755.026.116   Carrying Value



   Pembebanan penyusutan adalah sebagai berikut:                                  Depreciation is charged as follows:

                                                        2025                       2024
   Beban pokok pendapatan (Catatan 22)           52.565.478.778           39.533.919.234 Cost of revenues (Note 22)
   Beban usaha (Catatan 23)                      11.340.869.785            8.900.303.404 Operating expenses (Note 23)

   Total                                         63.906.348.563           48.434.222.638 Total



   Pada tanggal 31 Desember 2025, aset dalam                                      As at December 31, 2025, the construction in
   penyelesaian merupakan Floating Loading Facility                               progress pertains to the Floating Loading Facility.
   (FLF). Konstruksi tersebut diperkirakan akan                                   The construction is expected to be completed in
   selesai pada tahun 2026 dengan persentase                                      2026 with a completion percentage as at December
   penyelesaian pada tanggal 31 Desember 2025                                     31, 2025 of 48.41%. Management does not see any
   adalah 48,41%. Manajemen tidak melihat adanya                                  events that will hinder the completion of
   peristiwa yang akan menghambat penyelesaian                                    construction in progress.
   aset dalam penyelesaian tersebut.

   Grup telah mengkapitalisasi biaya pinjaman                                     The Group has capitalized borrowing costs on
   sebesar Rp3.347.598.248 pada 2025 atas aset                                    construction     in    progress     amounting     to
   dalam penyelesaian. Biaya pinjaman dikapitalisasi                              Rp3,347,598,248 in 2025. Borrowing costs were
   pada tingkat bunga sebesar 7,50% per tahun.                                    capitalized at the rate of its general borrowings of
                                                                                  7.50% per anum.

   Aset tetap Grup, seperti kapal telah diasuransikan                             The Group’s property, plant and equipment such as
   terhadap risiko kerugian akibat kecelakaan kapal                               vessels were covered by insurance against losses
   laut dan risiko lainnya berdasarkan suatu paket                                from marine accidents and other risks under certain
   polis tertentu pada PT Asuransi Tri Pakarta dan                                blanket policies for PT Asuransi Tri Pakarta and
   PT Howden Insurances Broker Indonesia,                                         PT Howden Insurances Broker Indonesia, third
   pihak ketiga dengan nilai pertanggungan pada                                   parties with sum insured as at December 31, 2025
   31    Desember 2025        dan     2024    masing-                             and 2024 amounting to Rp1,074,052,562,407 and
   masing     sebesar    Rp1.074.052.562.407      dan                             Rp820,606,176,437,         respectively.       The
   Rp820.606.176.437. Manajemen berpendapat                                       management is of the opinion that the sums
   bahwa nilai pertanggungan tersebut cukup untuk                                 insured are adequate to cover possible losses from
   menutupi kemungkinan kerugian atas aset yang                                   such risks.
   dipertanggungkan.

   Pada tanggal 31 Desember 2025 dan 2024, rincian                                As at December 31, 2025 and 2024, details of fully
   dari aset yang sudah disusutkan penuh namun                                    depreciated assets that are still used by the Group
   masih digunakan oleh Grup untuk menunjang                                      in its operation are as follows:
   operasional adalah sebagai berikut:
                                                        2025                       2024

   Peralatan kantor                                5.141.699.696              3.846.122.605     Office equipment
   Kendaraan                                       1.955.096.001              1.678.500.000     Vehicles
   Mesin                                           1.257.412.750              1.257.412.750     Machines
   Bangunan                                          112.400.000                          -     Building

   Total                                           8.466.608.447              6.782.035.355 Total
Page 280
PT HASNUR INTERNASIONAL SHIPPING TBK                                          PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                                  AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                  Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                         For the Years Ended
31 Desember 2025 dan 2024                                                                       December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                                       (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                           unless Otherwise Stated)


   Pada tanggal 31 Desember 2025, 1 set kapal FLF                            As at December 31, 2025, 1 set of FLF vessels was
   Grup dijaminkan sebagai jaminan pinjaman jangka                           guaranteed as a long-term loan collateral from
   panjang dari PT Bank Central Asia Tbk.                                    PT Bank Central Asia Tbk (Note 15).
   (Catatan 15).

   Pada tanggal 31 Desember 2025 dan 2024, kapal                             As at December 31, 2025 and 2024, the Group’s
   Grup yang terdiri dari 5 tugboats dan 6 tongkang                          vessels which consist of 5 tugboats and 6 barges,
   dijaminkan sebagai jaminan pinjaman jangka                                are pledged as collaterals for long-term bank loans
   panjang dari PT Bank Mandiri (Persero) Tbk                                from PT Bank Mandiri (Persero) Tbk (Note 15).
   (Catatan 15).

   Pada tanggal 31 Desember 2024, kapal Grup yang                            As at December 31, 2024, the Group’s vessels
   terdiri dari 4 set tugboats dan tongkang dijaminkan                       which consist of 4 set tugboats and barges, are
   sebagai jaminan pinjaman jangka panjang dari                              pledged as collaterals for long-term bank loans
   PT Bank Syariah Indonesia Tbk (Catatan 15).                               from PT Bank Syariah Indonesia Tbk (Note 15).

   Berdasarkan hasil evaluasi manajemen, tidak ada                           Based on the assessment of the management,
   peristiwa  atau    perubahan    keadaan     yang                          there are no events or changes in circumstances
   mengindikasikan adanya penurunan nilai aset tetap                         which may indicate impairment in value of property,
   pada tanggal 31 Desember 2025 dan 2024.                                   plant and equipment as at December 31, 2025 and
                                                                             2024.


10. Aset Takberwujud - Neto                                            10. Intangible Assets – Net
                                                    31 Desember/December 31, 2025

                           Saldo Awal/                                                           Saldo Akhir/
                            Beginning        Penambahan/     Pengurangan/      Reklasifikasi/      Ending
                             Balance           Additions      Deductions      Reclassification     Balance

   Lisensi peranti lunak                                                                                          Software license
   Harga Perolehan                       -   1.053.651.251               -                   -    1.053.651.251   Acquisition Cost
   Akumulasi                                                                                                      Accumulated
      amortisasi                         -      21.951.068               -                   -      21.951.068      amortization

   Nilai Tercatat                        -                                                        1.031.700.183   Carrying Value




11. Beban Docking Ditangguhkan - Neto                                  11. Deferred Charges on Docking - Net

                                                         2025                 2024

   Docking                                         227.015.462.627     203.808.532.339 Docking
   Akumulasi amortisasi                           (181.030.634.694)   (141.680.428.765) Accumulated amortization

   Total                                            45.984.827.933      62.128.103.574 Total


   Amortisasi   sebesar     Rp39.350.205.929 dan                             Amortization amounted to Rp39,350,205,929 and
   Rp30.414.909.271, masing-masing untuk tahun                               Rp30,414,909,271, for 2025 and 2024, respectively
   2025 dan 2024 dibebankan pada beban pokok                                 were charged to cost of revenues (Note 22).
   pendapatan (Catatan 22).


12. Utang Usaha                                                        12. Trade Payables

                                                         2025                 2024

   Pihak berelasi (Catatan 24)                                                             Related parties (Note 24)
   Rupiah                                                                                  Rupiah
     PT Nur Jaya Samudra                               926.500.000       1.176.000.000       PT Nur Jaya Samudra
     PT Jaya Agensi Kapal Indonesia                    710.479.310                   -       PT Jaya Agensi Kapal Indonesia
     PT Hasnur Informasi Teknologi                     118.117.850         248.352.140       PT Hasnur Informasi Teknologi
     PT Barito Putera Docking                           53.235.353         106.470.706       PT Barito Putera Docking
     PT Hasnur Cipta Karya                              27.565.000           8.285.200       PT Hasnur Cipta Karya

   Sub-total                                         1.835.897.513       1.539.108.046 Sub-total
Page 281
PT HASNUR INTERNASIONAL SHIPPING TBK                              PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                      AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                      Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                             For the Years Ended
31 Desember 2025 dan 2024                                                           December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                           (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                               unless Otherwise Stated)

                                                2025              2024

    Pihak ketiga                                                              Third parties
    Rupiah                                                                    Rupiah
      PT AKR Corporindo Tbk                22.419.258.388    11.966.190.446     PT AKR Corporindo Tbk
      PT Borneo Samudra Perkasa             9.893.403.610     1.264.839.029     PT Borneo Samudra Perkasa
      PT Walasuji Padmarin Nusantara        8.234.400.781     1.133.050.643     PT Walasuji Padmarin Nusantara
      PT Baruna Power Line                  5.682.777.176     4.408.974.832     PT Baruna Power Line
      PT Saga Mas Asia                      5.281.750.508     2.469.552.962     PT Saga Mas Asia
      PT Indomobil Prima Energi             4.202.270.212                 -     PT Indomobil Prima Energi
      PT Ambang Barito Nusapersada          3.888.102.992     2.884.915.778     PT Ambang Barito Nusapersada
      PT Lumena Mandiri Nusantara           3.100.209.281     4.056.028.901     PT Lumena Mandiri Nusantara
      PT Pulau Seroja Jaya                  2.645.049.367     4.510.870.405     PT Pulau Seroja Jaya
      PT Perusahaan Pelayaran Cumawis       2.426.240.016     1.456.999.276     PT Perusahaan Pelayaran Cumawis
      PT Baruna Dirga Dharma                1.910.031.347     1.134.991.819     PT Baruna Dirga Dharma
      PT Maritime Power                     1.645.869.192     2.382.402.378     PT Maritime Power
      PT Andika Teguhsetya                  1.221.154.062                 -     PT Andika Teguhsetya
      PT Permata Lintas Abadi               1.212.510.552       960.149.509     PT Permata Lintas Abadi
      PT Kreasi Inti Jaya                               -    16.266.915.819     PT Kreasi Inti Jaya
      PT Gamatara Transocean Shipyard                   -     6.228.901.575     PT Gamatara Transocean Shipyard
      PT Habco Primatama                                -     2.185.983.463     PT Habco Primatama
      PT Masada Jaya Lines                              -     2.011.960.758     PT Masada Jaya Lines
      PT Sumber Rezeki Cahaya Alam                      -     1.623.761.965     PT Sumber Rezeki Cahaya Alam
      PT Mitra Sarana Lines                             -     1.160.679.638     PT Mitra Sarana Lines
      PT Transindo Lanser                               -     1.026.053.173     PT Transindo Lanser
      Lain-lain (masing-masing                                                  Others (each below
        dibawah Rp1 miliar)                  6.918.033.719    9.843.705.528        Rp1 billion)
    Sub-total                              80.681.061.203    78.976.927.897 Sub-total
    Pihak ketiga                                                            Third parties
    Dollar Singapura (Catatan 30)                                           Dollar Singapore (Note 30)
      PT Tunas Karya Bahari Indonesia      18.272.302.012                 -   PT Tunas Karya Bahari Indonesia
      PT Bahtera Bahari Shipyard                        -    16.687.280.000   PT Bahtera Bahari Shipyard
    Total                                 100.789.260.728    97.203.315.943 Total


    Rincian umur utang usaha adalah sebagai berikut:             Details of trade payables by aging are as follows:
                                                2025              2024
    Belum jatuh tempo                      51.975.879.328    21.266.371.898 Not yet due
    Jatuh tempo:                                                            Due:
      Sampai dengan 30 hari                39.688.575.743    71.498.170.963   Up to 30 days
      31 - 90 hari                          9.124.805.657     4.438.773.082   31 - 90 days
      > 90 hari                                         -                 -   > 90 days

    Total                                 100.789.260.728    97.203.315.943 Total



13. Utang Lain-lain                                          13. Other Payables
                                                2025              2024
    Pihak ketiga - Rupiah                                                     Third parties - Rupiah
      Lain-lain                                10.540.611        18.694.596     Others



14. Liabilitas yang Masih Harus Dibayar                      14. Accrued Liabilities

                                                2025              2024
    Rupiah                                                                  Rupiah
      Kompensasi karyawan                  16.470.803.664    21.313.152.306   Employees’ compensation
      Pengangkutan                         14.680.109.966    10.737.691.879   Freight
      Jasa profesional                      1.719.694.588     1.169.950.016   Profesional fees
      Lain-lain (masing-masing                                                Others (each below
        dibawah Rp500 juta)                  1.831.433.996    1.130.650.656     Rp500 million)
    Total                                  34.702.042.214    34.351.444.857 Total
Page 282
PT HASNUR INTERNASIONAL SHIPPING TBK                                 PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                         AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                         Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                For the Years Ended
31 Desember 2025 dan 2024                                                              December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                              (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                  unless Otherwise Stated)


15. Pinjaman Bank Jangka Panjang                               15. Long-Term Bank Loans

                                                   2025             2024
   Pihak ketiga                                                                Third parties
   Rupiah                                                                      Rupiah
   PT Bank Central Asia Tbk                  175.943.232.312                 - PT Bank Central Asia Tbk
   PT Bank Syariah Indonesia Tbk             173.163.529.330   161.363.003.113 PT Bank Syariah Indonesia Tbk
   PT Bank Mandiri (Persero) Tbk             170.414.060.000    86.191.620.000 PT Bank Mandiri (Persero) Tbk
   Total                                     519.520.821.642   247.554.623.113 Total

   Dikurangi: bagian yang jatuh
     tempo dalam satu tahun                   80.189.120.788    54.930.247.797 Less: current maturities
   Utang jangka panjang - setelah
     dikurangi bagian yang jatuh                                                 Long term bank loan - net of
     tempo dalam satu tahun                  439.331.700.854   192.624.375.316     current maturities


    PT Bank Mandiri (Persero) Tbk                                   PT Bank Mandiri (Persero) Tbk

    Berdasarkan perjanjian No.WCO.KP/0086/KI/2023                   Based on agreement No. WCO.KP/0086/KI/2023
    tanggal 25 Januari 2023, Perusahaan sepakat                     dated January 25, 2023, the Company agreed to
    mengadakan perjanjian kredit dengan PT Bank                     enter into the loan agreement with PT Bank
    Mandiri (Persero) Tbk (“Mandiri”). Perusahaan                   Mandiri (Persero) Tbk (“Mandiri”). The Company
    memperoleh fasilitas pinjaman dari Mandiri dalam                obtained credit facility Mandiri in the form of
    bentuk    “Kredit    Investasi”    dengan      jumlah           “Investment Credit” with total maximum credit
    maksimum          fasilitas     kredit       sebesar            facility amounting to Rp90,000,000,000 with
    Rp90.000.000.000 dengan suku bunga sebesar                      interest rate of 8.75% per annum. This credit
    8,75% per tahun. Fasilitas kredit ini berlaku selama            facility is valid for 78 months period starting from
    jangka waktu 78 bulan terhitung sejak 25 Januari                January 25, 2023 until July 24, 2029. This facility
    2023 sampai dengan 24 Juli 2029. Fasilitas ini                  has        been       disbursed   amounting        to
    telah dicairkan sebesar Rp90.000.000.000 pada                   Rp90,000,000,000 in July 2023 and will mature in
    Juli 2023 dan akan jatuh tempo pada Juli 2029.                  July 2029.

    Pada bulan April 2024, Perusahaan mendapatkan                   In April 2024, the Company received an
    penyesuaian suku bunga atas fasilitas kredit                    adjustment of the interest rate on the credit facility
    menjadi 8,50%. Pada bulan Maret 2025,                           to 8.50%. In March 2025, the Company received
    Perusahaan mendapatkan penyesuaian suku                         an adjustment in the interest rate on the credit
    bunga atas fasilitas kredit menjadi 8,25%.                      facility to 8.25%. Based on the Notary Deed of
    Berdasarkan Akta Notaris Muhammad Hanafi,                       Muhammad Hanafi, S.H., No. 26 dated
    S.H., No. 26 tanggal 16 Oktober 2024, Perusahaan                October 16, 2024, the Company agreed to enter
    sepakat mengadakan perjanjian kredit dengan                     into a credit agreement with PT Bank Mandiri
    PT Bank Mandiri (Persero) Tbk (“Mandiri”).                      (Persero) Tbk ("Mandiri"). The Company obtained
    Perusahaan memperoleh fasilitas pinjaman dari                   a loan facility from Mandiri in the form of an
    Mandiri dalam bentuk “Kredit Investasi” dengan                  "Investment Loan" with a maximum amount of
    jumlah maksimum fasilitas kredit sebesar                        credit facility of Rp39,904,000,000 with an interest
    Rp39.904.000.000 dengan suku bunga sebesar                      rate of 8.5% per year. In March 2025, the
    8,5% per tahun. Pada bulan Maret 2025,                          Company received an adjustment in the interest
    Perusahaan mendapatkan penyesuaian suku                         rate on the credit facility to 8.25%. This credit
    bunga atas fasilitas kredit menjadi 8,25%. Fasilitas            facility is valid for a period of 81 months from
    kredit ini berlaku selama jangka waktu 81 bulan                 October 16, 2024 to July 16, 2031. This facility has
    terhitung sejak 16 Oktober 2024 sampai dengan                   been       disbursed     in    the    amount        of
    16 Juli 2031. Fasilitas ini telah dicairkan sebesar             Rp17,441,620,000 in December 2024 and will
    Rp17.441.620.000 pada Desember 2024 dan akan                    mature in December 2030. This facility has been
    jatuh tempo pada Desember 2030. Fasilitas ini                   disbursed in the amount of Rp22,295,000,000 in
    telah dicairkan sebesar Rp22.295.000.000 pada                   February 2025 and will mature in February 2031.
    Februari 2025 dan akan jatuh tempo pada Februari
    2031.
Page 283
PT HASNUR INTERNASIONAL SHIPPING TBK                        PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                       For the Years Ended
31 Desember 2025 dan 2024                                                     December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                     (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                         unless Otherwise Stated)


    Berdasarkan Akta Notaris Muhammad Hanafi,               Based on Notaril Deed of Muhammad Hanafi,
    S.H., No. 56 tanggal 30 April 2025, Perusahaan          S.H., No. 56 dated April 30, 2025, the Company
    sepakat mengadakan perjanjian kredit dengan             agreed to enter into the loan agreement with
    PT Bank Mandiri (Persero) Tbk (“Mandiri”).              PT Bank Mandiri (Persero) Tbk (“Mandiri”).
    Perusahaan memperoleh fasilitas pinjaman dari           The Company obtained credit facility Mandiri in the
    Mandiri dalam bentuk “Kredit Investasi” dengan          form of “Investment Credit” with total maximum
    jumlah maksimum fasilitas kredit sebesar                credit facility amounting to Rp136,764,000,000
    Rp136.764.000.000 dengan suku bunga sebesar             with interest rate of 8.00% per annum. This credit
    8,00% per tahun. Fasilitas kredit ini berlaku selama    facility is valid for 84 months period starting from
    jangka waktu 84 bulan terhitung sejak 30 April          April 30, 2025 until April 29, 2032. This facility has
    2025 sampai dengan 29 April 2032. Fasilitas ini         been disbursed amounting to Rp44,049,000,000 in
    telah dicairkan sebesar Rp44.049.000.000 pada           May 2025 and will mature in May 2031. This
    Mei 2025 dan akan jatuh tempo pada Mei 2031.            facility has been disbursed amounting to
    Fasilitas    ini   telah      dicairkan      sebesar    Rp41,162,000.000 in July 2025 and will mature in
    Rp41.162.000.000 pada Juli 2025 dan akan jatuh          July 2031.
    tempo pada Juli 2031.

   Fasilitas pinjaman ini dijamin dengan tugboat dan        This loan facility is collateralized by the tugboat
   tongkang (Catatan 9).                                    and barge (Note 9).

   Fasilitas ini memuat beberapa pembatasan tertentu       This facility contain certain restrictions requiring the
   yang mewajibkan Perusahaan untuk menjaga dan            Company to meet and maintain financial ratio,
   mempertahankan rasio keuangan, antara lain:             among others:
   1. Current Ratio diluar CPLTD lebih besar dari          1. Current Ratio excluding CPLTD is greater than
       110%.                                                   110%.
   2. Debt Equity Ratio lebih kecil 200%.                  2. Debt Equity Ratio smaller by 200%.
   3. Debt Service Coverage Ratio (DSCR), di atas          3. Debt Service Coverage Ratio (DSCR), above
       1,2 kali.                                               1.2 times.
   4. Debt capacity maksimal 3,5 kali.                     4. Debt capacity maximum 3.5 times.

   Sepanjang tahun 2025 dan 2024, Perusahaan               Throughout 2025 and 2024, the Company made
   melakukan pembayaran untuk fasilitas pinjaman ini       payments for this loan facility amounting to
   masing-masing sebesar Rp23.283.560.000 dan              Rp23,283,560,000       and    Rp15,000,000,000,
   Rp15.000.000.000. Pada tanggal 31 Desember              respectively. As at December 31, 2025 and 2024,
   2025    dan    2024   saldo       pinjaman    ini       the loan balance is Rp170,414,060,000 and
   masing-masing sebesar Rp170.414.060.000 dan             Rp86,191,620,000, respectively.
   Rp86.191.620.000.

   Beban bunga yang diakui untuk tahun 2025 dan            The interest expenses recognized in 2025 and
   2024 masing-masing sebesar Rp11.931.939.166             2024 amounted to Rp11,931,939,166 and
   dan Rp6.725.111.843 dan dicatat sebagai bagian          Rp6,725,111,843, respectively, was recorded as
   dari “Beban Lain-lain - Beban Bunga” pada laporan       part of “Other Expenses - Interest Expense” in the
   laba rugi dan penghasilan komprehensif lain             consolidated statements of profit or loss and other
   konsolidasian.                                          comprehensive income.

   Manajemen Perusahaan berpendapat bahwa                  The Company’s management is of the opinion that
   semua pembatasan dari Bank Mandiri telah                all the Bank Mandiri’s covenants have been met.
   dipenuhi.

   PT Bank Syariah Indonesia Tbk                           PT Bank Syariah Indonesia Tbk

   Berdasarkan    perjanjian   No.  04/038/CB1-            Based       on    agreement     No.   04/038/CB1-
   FOG/VI/2024/MMQ tanggal 24 Juni 2024,                   FOG/VI/2024/MMQ dated June 24, 2024, the
   Perusahaan    sepakat     mengadakan    akad            Company agreed to enter into a financing
   pembiayaan berdasarkan Prinsip Musyarakah               agreement        based   on     the    Musyarakah
   Mutanaqishah dengan PT Bank Syariah Indonesia           Mutanaqishah Principles with PT Bank Syariah
   Tbk (“BSI”). Perusahaan memperoleh fasilitas            Indonesia Tbk ("BSI"). The Company obtained a
   pinjaman dari BSI dalam bentuk “Akad                    loan facility from BSI in the form of a "Financing
   Pembiayaan”    dengan     jumlah   maksimum             Agreement" with a maximum financing amount of
Page 284
PT HASNUR INTERNASIONAL SHIPPING TBK                        PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                       For the Years Ended
31 Desember 2025 dan 2024                                                     December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                     (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                         unless Otherwise Stated)


   pembiayaan sebesar Rp73.605.722.000 dengan              Rp73,605,722,000 with nisbah rate of 8.50% per
   nisbah sebesar 8,50% per tahun. Pada bulan Juni         year. In June 2025, the Company will receive an
   2025, Perusahaan mendapatkan penyesuaian                adjustment in the nisbah on the credit facility to
   nisbah atas fasilitas kredit menjadi 8,00%. Fasilitas   8.00%. This credit facility is valid for a period of 69
   kredit ini berlaku selama jangka waktu 69 bulan         months starting from July 24, 2024 to March 23,
   terhitung sejak 24 Juli 2024 sampai dengan 23           2030. This facility was disbursed in the amount of
   Maret 2030. Fasilitas ini telah dicairkan sebesar       Rp73,605,722,000 in June 2024 and will mature in
   Rp73.605.722.000        pada    Juni    2024    dan     March 2030.
   akan jatuh tempo pada Maret 2030.

   Berdasarkan      perjanjian   No.     04/051/CB1-       Based       on    agreement       No.     04/051/CB1-
   FOG/VII/2024/MMQ tanggal 31 Juli 2024,                  FOG/VII/2024/MMQ dated July 31, 2024, the
   Perusahaan       sepakat    mengadakan       akad       Company agreed to enter into a financing
   pembiayaan berdasarkan Prinsip Musyarakah               agreement        based     on      the     Musyarakah
   Mutanaqishah dengan PT Bank Syariah Indonesia           Mutanaqishah Principles with PT Bank Syariah
   Tbk (“BSI”). Perusahaan memperoleh fasilitas            Indonesia Tbk ("BSI"). The Company obtained a
   pinjaman dari BSI dalam bentuk “Akad                    loan facility from BSI in the form of a "Financing
   Pembiayaan”       dengan    jumlah      maksimum        Agreement" with a maximum financing amount of
   pembiayaan sebesar Rp31.915.036.440 dengan              Rp31,915,036,440 with nisbah rate of 8.50% per
   nisbah sebesar 8,50% per tahun. Fasilitas kredit ini    annum. This credit facility is valid for a period of 68
   berlaku selama jangka waktu 68 bulan terhitung          months starting from July 31, 2024 to March 31,
   sejak 31 Juli 2024 sampai dengan 31 Maret 2030.         2030. This facility was disbursed in the amount of
   Fasilitas    ini    telah   dicairkan     sebesar       Rp31,915,036,440 in August 2024 and will mature
   Rp31.915.036.440 pada Agustus 2024 dan akan             in March 2030.
   jatuh tempo pada Maret 2030.

   Berdasarkan       perjanjian     No.    04/060/CM1-     Based       on    agreement       No.     04/060/CM1-
   FOG/VIII/2024/MMQ tanggal 26 Agustus 2024,              FOG/VIII/2024/MMQ dated August 26, 2024,
   Perusahaan        sepakat     mengadakan       akad     the Company agreed to enter into a financing
   pembiayaan berdasarkan Prinsip Musyarakah               agreement        based     on      the     Musyarakah
   Mutanaqishah dengan PT Bank Syariah Indonesia           Mutanaqishah Principles with PT Bank Syariah
   Tbk (“BSI”). Perusahaan memperoleh fasilitas            Indonesia Tbk ("BSI"). The Company obtained a
   pinjaman dari BSI dalam bentuk “Akad                    loan facility from BSI in the form of a "Financing
   Pembiayaan”        dengan      jumlah     maksimum      Agreement" with a maximum financing amount of
   pembiayaan sebesar Rp21.592.720.000 dengan              Rp21,592,720,000 with nisbah rate of 8.50% per
   nisbah sebesar 8,50% per tahun. Pada bulan Juni         annum. In June 2025, the Company will receive an
   2025, Perusahaan mendapatkan penyesuaian                adjustment in the nisbah on the credit facility to
   nisbah atas fasilitas kredit menjadi 8,00%. Fasilitas   8.00%. This credit facility is valid for a period of 67
   kredit ini berlaku selama jangka waktu 67 bulan         months starting from August 26, 2024 to March 26,
   terhitung sejak 26 Agustus 2024 sampai dengan 26        2030. This facility was disbursed in the amount of
   Maret 2030. Fasilitas ini telah dicairkan sebesar       Rp21,592,720,000 in August 2024 and will mature
   Rp21.592.720.000 pada Agustus 2024 dan akan             in March 2030.
   jatuh tempo pada Maret 2030.

   Berdasarkan       perjanjian     No.    04/061/CM1-     Based       on    agreement       No.     04/061/CM1-
   FOG/VIII/2024/MMQ tanggal 26 Agustus 2024,              FOG/VIII/2024/MMQ dated August 26, 2024, the
   Perusahaan        sepakat     mengadakan        akad    Company agreed to enter into a financing
   pembiayaan berdasarkan Prinsip Musyarakah               agreement        based     on      the     Musyarakah
   Mutanaqishah dengan PT Bank Syariah Indonesia           Mutanaqishah Principles with PT Bank Syariah
   Tbk (“BSI”). Perusahaan memperoleh fasilitas            Indonesia Tbk ("BSI"). The Company obtained a
   pinjaman dari BSI dalam bentuk “Akad                    loan facility from BSI in the form of a "Financing
   Pembiayaan”        dengan      jumlah     maksimum      Agreement" with a maximum financing amount of
   pembiayaan sebesar Rp28.486.521.560 dengan              Rp28,486,521,560 with nisbah rate of 8.50% per
   nisbah sebesar 8,50% per tahun. Pada bulan Juni         annum. In June 2025, the Company will receive an
   2025, Perusahaan mendapatkan penyesuaian                adjustment in the nisbah on the credit facility to
   nisbah atas fasilitas kredit menjadi 8,00%. Fasilitas   8.00%. This credit facility is valid for a period of 67
   kredit ini berlaku selama jangka waktu 67 bulan         months starting from August 26, 2024 to March 26,
   terhitung sejak 26 Agustus 2024 sampai dengan           2030. This facility was disbursed in the amount of
   26 Maret 2030. Fasilitas ini telah dicairkan sebesar    Rp28,486,521,560 in August 2024 and will mature
   Rp28.486.521.560 pada Agustus 2024 dan akan             in March 2030.
   jatuh tempo pada Maret 2030.
Page 285
PT HASNUR INTERNASIONAL SHIPPING TBK                         PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                 AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                 Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                        For the Years Ended
31 Desember 2025 dan 2024                                                      December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                      (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                          unless Otherwise Stated)


   Berdasarkan       perjanjian     No.    04/079/CM1-     Based       on    agreement     No.     04/079/CM1-
   FOG/IX/2024/MMQ tanggal 19 September 2024,              FOG/IX/2024/MMQ dated September 19, 2024, the
   Perusahaan        sepakat     mengadakan       akad     Company agreed to enter into a financing
   pembiayaan berdasarkan Prinsip Musyarakah               agreement        based    on    the      Musyarakah
   Mutanaqishah dengan PT Bank Syariah Indonesia           Mutanaqishah Principles with PT Bank Syariah
   Tbk (“BSI”). Perusahaan memperoleh fasilitas            Indonesia Tbk ("BSI"). The Company obtained a
   pinjaman dari BSI dalam bentuk “Akad                    loan facility from BSI in the form of a "Financing
   Pembiayaan”        dengan      jumlah     maksimum      Agreement" with a maximum financing amount of
   pembiayaan sebesar Rp20.000.000.000 dengan              Rp20,000,000,000 with nisbah rate of 8.50% per
   nisbah sebesar 8,50% per tahun. Pada bulan Juni         annum. In June 2025, the Company will receive an
   2025, Perusahaan mendapatkan penyesuaian                adjustment in the nisbah on the credit facility to
   nisbah atas fasilitas kredit menjadi 8,00%. Fasilitas   8.00%. This credit facility is valid for a period of
   kredit ini berlaku selama jangka waktu 24 bulan         24 months starting from September 19, 2024 to
   terhitung sejak 19 September 2024 sampai dengan         September 19, 2026. This facility was disbursed in
   19 September 2026. Fasilitas ini telah dicairkan        the amount of Rp20,000,000,000 in September
   sebesar Rp20.000.000.000 pada September 2024            2024 and will mature in September 2026.
   dan akan jatuh tempo pada September 2026.
   Berdasarkan      perjanjian   No.   05/863/CM1-         Based       on    agreement     No.     05/863/CM1-
   FOG/XI/2025/MMQ tanggal 21 November 2025,               FOG/XI/2025/MMQ dated November 21, 2025, the
   Perusahaan       sepakat    mengadakan       akad       Company agreed to enter into a financing
   pembiayaan berdasarkan Prinsip Musyarakah               agreement        based   on     the      Musyarakah
   Mutanaqishah dengan PT Bank Syariah Indonesia           Mutanaqishah Principles with PT Bank Syariah
   Tbk (“BSI”). Perusahaan memperoleh fasilitas            Indonesia Tbk ("BSI"). The Company obtained a
   pinjaman dari BSI dalam bentuk “Akad                    loan facility from BSI in the form of a "Financing
   Pembiayaan”       dengan    jumlah      maksimum        Agreement" with a maximum financing amount of
   pembiayaan sebesar Rp49.916.090.000 dengan              Rp49,916,090,000 with nisbah rate of 8.00% per
   nisbah sebesar 8,00% per tahun. Fasilitas kredit ini    annum. This credit facility is valid for a period of
   berlaku selama jangka waktu 70 bulan terhitung          70 months starting from November 21, 2025 to
   sejak 21 November 2025 sampai dengan                    September 21, 2031. This facility was disbursed in
   21 September 2031. Fasilitas ini telah dicairkan        the amount of Rp49,916,090,000 in November
   sebesar Rp49.916.090.000 pada November 2025             2025 and will mature in September 2031.
   dan akan jatuh tempo pada September 2031.

   Fasilitas ini memuat beberapa pembatasan tertentu       This facility contain certain restrictions requiring the
   yang mewajibkan Perusahaan untuk menjaga dan            Company to meet and maintain financial ratio,
   mempertahankan rasio keuangan, antara lain;             among others;
   1. Current Ratio 100%.                                  1. Current Ratio is greater than 100%.
   2. Debt Equity Ratio lebih kecil 300%.                  2. Debt Equity Ratio smaller by of 300%.
   3. Debt Service Coverage Ratio (DSCR), di atas          3. Debt Service Coverage Ratio (DSCR), above
        1 kali.                                                1 time.
   4. Menjaga ekuitas positif yang tercermin pada          4. Maintain positive equity reflected in financial
        laporan keuangan.                                      statements.

   Fasilitas pinjaman ini dijamin dengan tugboat dan       This loan facility is collateralized by Company’s
   tongkang milik Perusahaan (Catatan 9).                  tugboat and barge (Note 9).

   Pada bulan Juni 2025, Perusahaan mendapatkan            In June 2025, the Company received an adjustment
   penyesuaian nisbah atas fasilitas kredit menjadi        in the nisbah on the credit facility to 8.00%.
   8,00%.

   Sepanjang tahun 2025 dan 2024, Perusahaan               A
                                                           Throughout 2025 and 2024, the Company made
   melakukan pembayaran untuk pinjaman ini sebesar         R
                                                           payments for these loans amounting to
   Rp38.115.563.783 dan Rp14.236.996.887. Pada             Rp38,115,563,783       and    Rp14,236,996,887,
   tanggal 31 Desember 2025 dan 2024 saldo                 respectively. As at December 31, 2025 and 2024,
   pinjaman     ini    masing-masing       sebesar         the loan balance is Rp173,163,529,330 and
   Rp173.163.529.330 dan Rp161.363.003.113.                Rp161,363,003,113.
Page 286
PT HASNUR INTERNASIONAL SHIPPING TBK                       PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                               AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian               Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                      For the Years Ended
31 Desember 2025 dan 2024                                                    December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                    (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                        unless Otherwise Stated)


    Beban bunga yang diakui untuk tahun 2025 dan         The interest expenses recognized in 2025 and 2024
    2024 masing-masing sebesar Rp12.365.422.675          amounted        to     Rp12,365,422,675        and
    dan Rp5.942.203.053 dan dicatat sebagai bagian       Rp5,942,203,053, respectively, was recorded as
    dari “Beban Lain-lain - Beban Bunga” pada laporan    part of “Other Expenses - Interest Expense” in the
    laba rugi dan penghasilan komprehensif lain          consolidated statements of profit or loss and other
    konsolidasian.                                       comprehensive income.

   Manajemen Perusahaan berpendapat bahwa                The Company’s management is of the opinion that
   semua pembatasan dari PT Bank Syariah                 all the PT Bank Syariah Indonesia’s covenants have
   Indonesia telah dipenuhi.                             been met.

   PT Bank Central Asia Tbk                              PT Bank Central Asia Tbk

   Berdasarkan Akta Notaris Sri Buena Brahmana,          Based on the Notary Deed of Sri Buena Brahmana,
   S.H., M.Kn., No. 33 tanggal 12 Februari 2025,         S.H., M.Kn., No. 33 dated February 12, 2025,
   HMLS sepakat mengadakan perjanjian kredit             HMLS agrees to enter into a credit agreement with
   dengan PT Bank Central Asia Tbk (“BCA”). HMLS         PT Bank Central Asia Tbk ("BCA"). HMLS obtains a
   memperoleh fasilitas pinjaman dalam bentuk            loan facility in the form of an "Investment Loan" for
   “Kredit Investasi” untuk pembangunan 1 (satu) set     the construction of 1 (one) set of a Floating and
   kapal Floating and Loading Facility (FLF) dengan      Loading Facility (FLF) vessel with an installed
   kapasitas terpasang 35.000 MT per hari, dengan        capacity of 35,000 MT per day, with a maximum
   jumlah maksimum fasilitas kredit sebesar ekuivalen    amount of credit facility equivalent amonting to
   USD21.000.000, fasilitas Letter of Credit (Usance     USD21,000,000, a Usance Letter of Credit (L/C)
   L/C) dengan jumlah maksimum ekuivalen                 facility with a maximum limit equivalent to
   USD12.000.000, serta fasilitas Forex Forward Line     USD12,000,000, as well as a Forex Forward Line
   dengan       jumlah       maksimum       ekuivalen    facility with a maximum limit equivalent to
   USD12.000.000 dalam berbagai mata uang dengan         USD12,000,000 in multicurrency, with a maximum
   jangka waktu maksimal 12 bulan, dengan suku           tenor of 12 months, with an interest rate of 7.50%
   bunga sebesar 7,50% per tahun. Fasilitas kredit ini   per annum. This credit facility is valid for a period of
   berlaku selama jangka waktu 84 bulan termasuk         84 months starting from August 5, 2025 to August
   Grace Period 18 bulan terhitung sejak 5 Agustus       5, 2032 including a 18 months grace period. This
   2025 sampai dengan 5 Agustus 2032. Fasilitas ini      facility has been disbursed in the amount of
   telah dicairkan sebesar Rp175.943.232.312 pada        Rp175,943,232,312 in September 2025 and will
   September 2025 dan akan jatuh tempo pada              mature in August 2032.
   Agustus 2032.

   Fasilitas pinjaman ini dijamin dengan 1 set kapal     This loan facility is guaranteed with 1 set of FLF
   FLF pembiayaan Kredit Investasi dan Letter of         ships financed by Kredit Investment and a Letter of
   Undertaking sebesar porsi kepemilikan masing-         Undertaking in the amount of the ownership portion
   masing pemegang saham.                                of each shareholder.

   Fasilitas ini memuat beberapa pembatasan tertentu      This facility contain certain restrictions requiring
   yang mewajibkan HMLS untuk menjaga dan                 HMLS to meet and maintain financial ratio, among
   mempertahankan rasio keuangan, antara lain:            others:
   1. Debt Service Coverage minimal sebesar 1 kali.       1. Debt Service Coverage minimum 1 time.
   2. Debt to Equity Ratio maksimal sebesar 4 kali.       2. Debt Equity Ratio maximum 4 times.

   Sepanjang tahun 2025, HMLS melakukan                  A
                                                         In 2025, HMLS has not made any payment for this
   pembayaran untuk pinjaman ini sebesar nihil. Pada     R
                                                         loan. As at December 31, 2025, the outstanding
   tanggal 31 Desember 2025 saldo pinjaman ini           balance    of   this   loan    amounted      to
   sebesar Rp175.943.232.312.                            Rp175,943,232,312.

   Beban     bunga     yang   dikapitalisasi untuk       Capitalized interest expense for December 31, 2025
   31 Desember 2025 sebesar Rp3.347.598.248 dan          amounted to Rp3,347,598,248 and was recorded
   dicatat sebagai bagian dari “Aset dalam               as part of "Construction in progress" in the
   penyelesaian” pada laporan posisi keuangan            consolidated statement of financial position
   konsolidasian (Catatan 9).                            (Note 9).

   Manajemen HMLS berpendapat bahwa semua                The HMLS’s management is of the opinion that all
   pembatasan dari BCA telah dipenuhi.                   the BCA’s covenants have been met.
Page 287
PT HASNUR INTERNASIONAL SHIPPING TBK                                PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                        AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                        Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                               For the Years Ended
31 Desember 2025 dan 2024                                                             December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                             (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                 unless Otherwise Stated)


16. Perpajakan                                                 16. Taxation
   a.   Pajak dibayar dimuka:                                      a.     Prepaid tax:
                                                  2025            2024

        Pajak Pertambahan Nilai               18.062.067.527                - Value Added Tax
        Pajak Penghasilan Pasal 21                50.991.336    1.929.447.426 Income Tax Article 21

        Total                                 18.113.058.863    1.929.447.426 Total


   b.   Estimasi tagihan pengembalian pajak                       b.      Estimated claim for tax refund

        Pada tanggal 31 Desember 2025, estimasi                           As at December 31, 2025, the estimated claim
        tagihan pengembalian pajak merupakan                              for tax refund represented overpayment of
        kelebihan atas pembayaran pajak penghasilan                       income tax Article 22 amounting to
        Pasal 22 sebesar Rp2.478.401.500.                                 Rp2,478,401,500.

   c.   Utang pajak:                                               c.     Taxes payable:

                                                  2025                 2024

        Pajak penghasilan:                                                    Income taxes:
          Pasal 4 ayat 2 - Final                  13.542.027       39.730.239    Article 4(2) - Final
          Pasal 15 - Final                     2.353.244.779    2.513.121.778    Article 15 - Final
          Pasal 21                                 1.992.949          200.000    Article 21
          Pasal 23                               388.881.827      346.164.033    Article 23
          Pasal 25                               181.203.281       80.383.703    Article 25
          Pasal 26                               739.819.076                -    Article 26
          Pasal 29                               727.671.942    1.452.112.851    Article 29
        Surat Tagihan Pajak (STP)                          -      161.303.202 Tax Collection Letter (STP)
        Pajak Pertambahan Nilai                2.777.738.773      999.251.085 Value Added Tax

        Total                                  7.184.094.654    5.592.266.891 Total


   d.   Komponen beban (manfaat) pajak penghasilan                d.    The components of income tax expenses
        adalah sebagai berikut:                                         (benefit) are as follows:

                                                  2025                 2024

        Pajak penghasilan badan:                                                 Corporate income tax:
        Perusahaan                                                               Company
          Kini - Final                        10.222.168.369   11.810.938.175      Current - Final
          Kini - Tidak Final                      56.652.994      140.587.528      Current - Non Final
        Entitas Anak                                                             Subsidiaries
          Kini - Tidak Final                   3.337.254.485    3.001.738.378      Current - Non Final
          Tahun sebelumnya - Tidak Final         790.537.261                -      Prior year - Non Final
          Tangguhan                               28.223.064      209.454.317      Deferred

        Beban pajak penghasilan               14.434.836.173   15.162.718.398 Income tax expenses


   e.   Pajak penghasilan pasal 15 - final:                       e. Income tax article 15 - final:

        Perusahaan bergerak di bidang pelayaran                         The Company is engaged in shipping, which is
        yang dikenakan PPh pasal 15 final sebesar                       subject to final income tax article 15 rate of
        1,2% dari peredaran bruto sesuai Keputusan                      1.2% from gross revenue based on Finance
        Menteri Keuangan No. 416/KMK.04/1996                            Ministry Decisions No. 416/KMK.04/1996 dated
        tanggal 14 Juni 1996 dan SE-29/PJ.4/1996                        June 14, 1996 and SE-29/PJ.4/1996 dated
        tanggal 13 Agustus 1996.                                        August 13, 1996.
Page 288
PT HASNUR INTERNASIONAL SHIPPING TBK                                PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                        AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                        Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                               For the Years Ended
31 Desember 2025 dan 2024                                                             December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                             (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                 unless Otherwise Stated)


        Perhitungan     pajak   penghasilan  final                      The calculations of the final income tax in
        sehubungan dengan operasional Perusahaan                        connection with the operation of the Company
        adalah sebagai berikut:                                         are as follows:
                                                2025                2024

                                                                               Total service revenue from
        Total pendapatan atas jasa                                                vessel rentals freight
          sewa kapal dan demurrage         851.847.364.096    984.244.847.935     services and demurrage
        Pajak penghasilan pasal 15 -                                           Income tax article 15
          pajak final 1,2%                  10.222.168.369     11.810.938.175     - final tax at 1.2%
        Pajak penghasilan pasal 15 -                                           Income tax article 15
          pajak final dipotong                                                    - final tax deducted in
          pada tahun berjalan              (10.222.168.369)   (11.810.938.175)    the current year

        Utang pajak penghasilan                                               Income tax payable
          pasal 15 - final                               -                    -  article 15 - final
        Pajak penghasilan pasal 15                                            Income tax article 15 - final
          - final dipotong dari pemasok      2.353.244.779      2.511.201.778    withheld from vendor

        Utang pajak penghasilan                                               Income tax payable
          pasal 15 - final                                                       article 15 - final
          Perusahaan                         2.353.244.779      2.511.201.778    The Company
          Entitas anak                                   -          1.920.000    Subsidiary

        Total                                2.353.244.779      2.513.121.778 Total



   f.   Pajak Kini                                                 f.   Current Tax
                                                2025                2024

        Laba sebelum manfaat (beban)                                           Income before income tax
           pajak penghasilan menurut                                              benefit (expense) per
           laporan laba rugi dan                                                  consolidated statements
           penghasilan komprehensif lain                                          of profit or loss and other
           konsolidasian                   101.558.647.344    136.449.296.047     comprehensive income
        Laba sebelum manfaat (beban)                                           Income before income
           pajak penghasilan                                                      tax benefit (expense) of
           Entitas Anak                     21.650.510.420     17.152.767.317     the Subsidiaries
        Eliminasi                          (25.854.940.940)   (20.599.901.497) Elimination

        Laba sebelum manfaat (beban)                                          Income before income
          pajak penghasilan                                                      tax benefit (expense) of
          Perusahaan                        97.354.216.824    133.002.161.867    the Company

        Pajak dihitung pada tarif                                              Tax calculated based on
          yang berlaku                      21.417.927.701     29.260.475.611    applicable tax rate
        Pengaruh pajak atas                                                    Tax effect of permanent
          beda tetap                       (11.139.106.338)   (17.308.949.908)   differences

        Manfaat (beban) pajak                                                 Income tax benefit
          penghasilan:                                                           (expense) of:
          Perusahaan                        10.278.821.363     11.951.525.703 The Company
          Entitas anak - neto                4.156.014.810      3.211.192.695 Subsidiaries - net

        Taksiran beban pajak penghasilan                                      Estimated Income tax expense
          - neto menurut laporan laba                                           - net per consolidated statements
          (rugi) dan penghasilan                                                of profit (loss) and
          komprehensif lain                                                     other comprehensive
          konsolidasian                     14.434.836.173     15.162.718.398   income
Page 289
PT HASNUR INTERNASIONAL SHIPPING TBK                                    PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                            AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                            Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                   For the Years Ended
31 Desember 2025 dan 2024                                                                 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                                 (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                     unless Otherwise Stated)


        Taksiran laba kena pajak Perusahaan untuk                            Estimated taxable income of the Company for
        tahun fiskal 2025 dan 2024, hasil rekonsiliasi                       fiscal year 2025 and 2024, resulting from the
        seperti yang tercantum dalam tabel di atas                           reconciliation as shown in the table above
        menjadi dasar dalam pengisian Surat                                  become the basis for filing the Corporate
        Pemberitahuan Tahunan PPh Badan (SPT)                                Annual Tax Returns (SPT) submitted to Tax
        yang disampaikan ke Kantor Pajak.                                    Office.

   g.   Aset Pajak Tangguhan                                               g. Deferred Tax Asset
                                                31 Desember/December 31, 2025
                                                  Ditambahkan (Dikreditkan) ke/
                                                       Added (Credited) to
                                 Saldo Awal                          Penghasilan          Saldo Akhir
                                 1 Januari/        Laba             Komprehensif         31 Desember/
                                 Beginning         Rugi/            Lainnya/Other           Ending
                                  Balance         Profit or        Comprehensive            Balance
                                 January 1         Loss                Income            December 31

        Entita s anak:                                                                                   Subsidiaries:
        Imbalan kerja karyawan    313.497.158     (28.223.064)          16.921.653         302.195.747   Employee benefits


                                                31 Desember/December 31, 2024
                                                  Ditambahkan (Dikreditkan) ke/
                                                       Added (Credited) to
                                 Saldo Awal                          Penghasilan          Saldo Akhir
                                 1 Januari/        Laba             Komprehensif         31 Desember/
                                 Beginning         Rugi/            Lainnya/Other           Ending
                                  Balance         Profit or        Comprehensive            Balance
                                 January 1         Loss                Income            December 31

        Entita s anak:                                                                                   Subsidiaries:
        Imbalan kerja karyawan    546.476.720    (209.454.317)         (23.525.245)        313.497.158   Employee benefits



   h.   Surat Ketetapan Pajak                                         h.     Tax Assesment Letters

        Perusahaan                                                           The Company

        Untuk tahun yang berakhir pada tanggal                               For the year ended December 31, 2025, the
        31 Desember 2025, Perusahaan menerima                                Company       received   Underpayment      Tax
        Surat Ketetapan Pajak Kurang Bayar (SKPKB)                           Assessment Letter (“SKPKB”) on Value Added
        untuk Pajak Pertambahan Nilai, Pajak                                 Tax, Income Tax Article 15, Income Tax Articles
        Penghasilan Pasal 21, Pajak Penghasilan                              21, and Tax Articles 23 of fiscal year 2023
        Pasal 15 dan Pajak Penghasilan 23 tahun                              amounting to Rp2,506,104,506. The expenses
        fiskal 2023 sebesar Rp2.506.104.506. Beban                           related to those SKPKB were recorded as part
        yang terjadi akibat SKPKB tersebut dicatat                           of “Operating Expenses - Others” in the
        sebagai dari “Beban usaha - Lain-lain” dalam                         consolidated statements of profit or loss and
        laporan    laba    rugi    dan   penghasilan                         other comprehensive income.
        komprehensif lain konsolidasian.

        Untuk tahun yang berakhir pada tanggal                               For the year ended December 31, 2024, the
        31 Desember 2024, Perusahaan menerima                                Company       received    Underpayment     Tax
        Surat Ketetapan Pajak Kurang Bayar (SKPKB)                           Assessment Letter (“SKPKB”) Income Tax
        Pajak Penghasilan Pasal 15,             Pajak                        Article 15, Income Tax Article 21 and Income
        Penghasilan Pasal 21 dan Pajak Penghasilan                           Tax Article 23 of fiscal year 2021 with total
        Pasal 23 tahun fiskal 2021 dengan jumlah total                       amount of Rp161,303,202. The underpayment
        sebesar Rp161.303.202. Pada 3 Januari 2025,                          has been paid by the Company on January 3,
        Perusahaan telah melakukan pembayaran                                2025. The expenses related to those SKPKB
        atas pajak yang dinyatakan kurang bayar                              were recorded as part of “Operating Expenses -
        tersebut. Beban yang terjadi akibat SKPKB                            Others” in the consolidated statements of profit
        tersebut dicatat sebagai dari “Beban usaha -                         or loss and other comprehensive income.
        Lain-lain” dalam laporan laba rugi dan
        penghasilan komprehensif lain konsolidasian.
Page 290
PT HASNUR INTERNASIONAL SHIPPING TBK                    PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                            AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian            Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                   For the Years Ended
31 Desember 2025 dan 2024                                                 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                 (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                     unless Otherwise Stated)


       Entitas Anak                                      The Subsidiaries

       Untuk tahun yang berakhir pada tanggal            For the year ended December 31, 2025, HRT
       31 Desember 2025, HRT menerima Surat              received an Underpayment Determination Letter
       Ketetapan Kurang Bayar (SKPKB) untuk Pajak        (SKPKB) for Income Tax article 21 and Income
       Penghasilan Pasal 21 dan Pajak Penghasilan        Tax Article 23, fiscal years 2021 to 2022
       Pasal 23, tahun fiskal 2021 sampai 2022           amounting to Rp29,132,375. The expenses
       sebesar Rp29.132.375. Beban yang terjadi          incurred due to the SKPKB are recorded as
       akibat SKPKB tersebut dicatat sebagai dari        from "Operating expenses - Other" in the
       “Beban usaha - Lain-lain” dalam laporan laba      consolidated statements of profit or loss and
       rugi dan penghasilan komprehensif lain            other comprehensive income.
       konsolidasian.

       Untuk tahun yang berakhir pada tanggal            For the year ended December 31, 2025, HRT
       31 Desember 2025, HRT menerima Surat              received an Underpayment Determination Letter
       Ketetapan Kurang Bayar (SKPKB) untuk Pajak        (SKPKB) for Income Tax Article 29, fiscal years
       Penghasilan Pasal 29, 2022 dan 2024 sebesar       2022 and 2024 amounting to Rp53,653,824.
       Rp53.653.824. Beban yang terjadi akibat           The expenses incurred due to the SKPKB are
       SKPKB tersebut dicatat sebagai dari “Beban        recorded as from "Tax expenses - Prior year" in
       pajak - Tahun sebelumnya” dalam laporan           the consolidated statements of profit or loss and
       laba rugi dan penghasilan komprehensif lain       other comprehensive income.
       konsolidasian.

       Untuk tahun yang berakhir pada tanggal            For the year ended December 31, 2024, HRT
       31 Desember 2024, HRT menerima Surat              received Tax Collection Letter (STP) on Tax
       Tagihan Pajak (STP) untuk Pajak Penghasilan       Article 21 and Tax Article 29 of fiscal year 2018
       Pasal 21 dan Pajak Penghasilan Pasal 29,          to 2022 amounting to Rp300,000. The
       tahun fiskal 2018 sampai 2022 sebesar             expenses related to those STP were recorded
       Rp300.000. Beban yang terjadi akibat STP          as part of “Operating Expenses - Others” in the
       tersebut dicatat sebagai dari “Beban usaha -      consolidated statements of profit or loss and
       Lain-lain” dalam laporan laba rugi dan            other comprehensive income.
       penghasilan komprehensif lain konsolidasian.

       Untuk tahun yang berakhir pada tanggal            For the year ended December 31, 2025, HRT
       31 Desember 2025, HMS menerima Surat              received an Underpayment Determination Letter
       Ketetapan Kurang Bayar (SKPKB) untuk Pajak        (SKPKB) for Income Tax article 21 fiscal
       Penghasilan Pasal 21, tahun fiskal 2022           year 2022 amounting to Rp18,845,369.
       sebesar Rp18.845.369. Beban yang terjadi          The expenses incurred due to the SKPKB are
       akibat SKPKB tersebut dicatat sebagai dari        recorded as from "Operating expenses - Other"
       “Beban usaha - Lain-lain” dalam laporan laba      in the consolidated statements of profit or loss
       rugi dan penghasilan komprehensif lain            and other comprehensive income.
       konsolidasian.

       Untuk tahun yang berakhir pada tanggal            For the year ended December 31, 2025, HRT
       31 Desember 2025, HMS menerima Surat              received an Underpayment Determination Letter
       Ketetapan Kurang Bayar (SKPKB) untuk Pajak        (SKPKB) for Income Tax article 29 fiscal year
       Penghasilan Pasal 29, tahun fiskal 2022 dan       2022 and 2024 amounting to Rp736,883,437.
       2024 sebesar Rp736.883.437. Beban yang            The expenses incurred due to the SKPKB are
       terjadi akibat SKPKB tersebut dicatat sebagai     recorded as from "Tax expenses - Prior year" in
       dari “Beban pajak - Tahun sebelumnya” dalam       the consolidated statements of profit or loss and
       laporan     laba   rugi    dan   penghasilan      other comprehensive income.
       komprehensif lain konsolidasian.

       Untuk tahun yang berakhir pada tanggal            For the year ended December 31, 2024, HMS
       31 Desember 2024, HMS menerima Surat              received Tax Collection Letter (STP) on Value
       Tagihan Pajak (STP) untuk Pajak Penghasilan       Added Tax, Income Tax Article 21, 2021
       Pasal 21 tahun fiskal 2021 sebesar                amounting to Rp402,339. The expenses related
       Rp402.339. Beban yang terjadi akibat STP          to those STP were recorded as part of
       tersebut dicatat sebagai dari “Beban usaha -      “Operating Expenses - Others” in the
       Lain-lain” dalam laporan laba rugi dan            consolidated statements of profit or loss and
       penghasilan komprehensif lain konsolidasian.      other comprehensive income.
Page 291
PT HASNUR INTERNASIONAL SHIPPING TBK                                          PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                                  AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                  Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                         For the Years Ended
31 Desember 2025 dan 2024                                                                       December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                                       (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                           unless Otherwise Stated)


    i.   Administrasi Pajak di Indonesia                                i.     Tax Administration in Indonesia

         Undang-undang Perpajakan yang berlaku di                              The taxation laws of Indonesia require that each
         Indonesia mengatur bahwa masing-masing                                company in the Group within Indonesia submits
         entitas dalam Grup menghitung, menetapkan                             individual tax returns on the basis of self-
         dan membayar sendiri besarnya jumlah pajak                            assessment. Under prevailing regulations the
         yang terutang secara individu. Berdasarkan                            Director General of Tax (DGT) may assess or
         peraturan perundang-undangan yang berlaku,                            amend taxes within a certain period. This period
         Direktur   Jenderal  Pajak    (DJP)    dapat                          is within five years of the time the tax becomes
         menetapkan atau mengubah jumlah pajak                                 due.
         terutang dalam jangka waktu tertentu. Jangka
         waktu tersebut adalah lima tahun sejak saat
         terutangnya pajak.

17. Liabilitas Imbalan Kerja                                         17. Employee Benefits Liabilities

    Grup memberikan imbalan kerja jangka panjang                         The Group provides long-term employee benefits to
    kepada karyawan sesuai dengan Undang-Undang                          employees in accordance with Law No.6/2023
    No.6/2023      tentang      Penetapan      Perppu                    concerning the Stipulation of Perppu Law
    UU No.2/2022 Cipta Kerja dan Peraturan                               No.2/2022 on Job Creation and Government
    Pemerintah      No.35/2021     serta    Peraturan                    Regulation No.35/2021 and Company Regulations.
    Perusahaan. Imbalan tersebut tidak didanai. Tabel                    The benefits are not funded. The following tables
    berikut menyajikan komponen dari beban imbalan                       summarize the components of net benefits
    neto yang diakui dalam laporan laba rugi dan                         expense recognized in the consolidated statements
    penghasilan komprehensif lain konsolidasian dan                      of profit or loss and other comprehensive income
    jumlah yang diakui dalam laporan posisi keuangan                     and the amounts recognized in the consolidated
    konsolidasian untuk liabilitas diestimasi imbalan                    statements of financial position for the estimated
    kerja yang dihitung oleh KKA Nurichwan, aktuaris                     liabilities for employees’ benefits as calculated by
    independen masing-masing untuk tahun-tahun                           an independent actuary, KKA Nurichwan and
    yang berakhir 31 Desember 2025 dan 2024                              for the years ended December 31, 2025 and 2024,
    berdasarkan laporannya masing-masing pada                            in its reports dated February 3, 2026 and February
    tanggal 3 Februari 2026 dan 5 Februari 2025.                         5, 2025, respectively. The actuarial calculation
    Penilaian aktuaris dihitung dengan menggunakan                       used the “Projected Unit Credit” method with the
    metode “Projected Unit Credit” yang berdasarkan                      following assumptions:
    asumsi-asumsi berikut:

                                               2025                                     2024

    Tingkat kenaikan gaji              10% per tahun/per annum                  10% per tahun/per annum       Salary increment rate
    Tingkat diskonto aktuaria             5,87-6,70% per tahun/                    7,06-7,11% per tahun/      Discount rate
                                                      per annum                                per annum
    Tingkat mortalita                               TMI-IV 2019                              TMI-IV 2019      Mortality rate
    Tingkat cacat                       5% dari tingkat mortalita/               5% dari tingkat mortalita/   Disability rate
                                              from mortality rate                      from mortality rate
    Tingkat pengunduran diri               5%, ≤ 39 tahun/years                     5%, ≤ 39 tahun/years      Resignation rate
                                         3%, 40 - 44 tahun/years                  3%, 40 - 44 tahun/years
                                         2%, 45 - 49 tahun/years                  2%, 45 - 49 tahun/years
                                         1%, 50 - 54 tahun/years                  1%, 50 - 54 tahun/years

    Rincian berikut ini menyajikan komponen beban                        The following tables summarize the components of
    dan liabilitas imbalan kerja karyawan Grup:                          employee benefits expense and liabilities of the
                                                                         Group:

    a.   Beban imbalan kerja karyawan:                                   a. Employee benefits expense:

                                                   2025                      2024

         Biaya jasa kini                       1.022.696.296            988.496.790 Current service cost
         Biaya bunga                             524.733.341            518.653.251 Interest cost

         Total                                  1.547.429.637         1.507.150.041 Total
Page 292
PT HASNUR INTERNASIONAL SHIPPING TBK                                 PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                         AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                         Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                For the Years Ended
31 Desember 2025 dan 2024                                                              December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                              (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                  unless Otherwise Stated)


   b.   Liabilitas imbalan kerja karyawan:                         b.    Employee benefits liabilities:
                                                    2025                2024

        Nilai kini kewajiban                                                      Present value of employee
           imbalan pasti                        8.396.134.729    7.385.543.610      benefits obligation


   c.   Mutasi liabilitas imbalan kerja karyawan:                  c.    The movements        in   the employee benefit
                                                                         liabilities:
                                                    2025                2024

        Saldo awal                              7.385.543.610     7.631.272.020 Beginning balance
        Pembayaran manfaat                       (716.624.901)   (1.726.577.081) Benefit payment
        Rugi (penghasilan)
          komprehensif lain                       375.361.733       80.681.840 Other comprehensive loss (income)
        Transfer liabilitas imbalan kerja        (195.575.350)    (106.983.210) Transfer PBO
        Beban imbalan                                                           Current year employee
          kerja tahun berjalan                  1.547.429.637    1.507.150.041    benefit expenss

        Saldo akhir                             8.396.134.729    7.385.543.610 Ending balance


   d.   Perubahan atas nilai kini kewajiban imbalan                 d. Changes in the present value of defined benefit
        pasti:                                                         obligation:
                                                    2025                2024

        Saldo awal                              7.385.543.610     7.631.272.020 Beginning balance
        Beban jasa kini                         1.022.696.296       988.496.790 Current service cost
        Beban bunga                               524.733.341       518.653.251 Interest cost
        Transfer liabilitas imbalan kerja        (195.575.350)     (106.983.210) Transfer PBO
        Pembayaran manfaat                       (716.624.901)   (1.726.577.081) Benefit payment
        Kerugian aktuarial                        375.361.733        80.681.840 Actuarial loss

        Total                                   8.396.134.729    7.385.543.610 Total


   Analisis sensitivitas untuk risiko tingkat diskonto              Sensitivity analysis for discount rate risk

   Pada tanggal 31 Desember 2025, jika tingkat                      As at December 31, 2025, if the discount rate is
   diskonto meningkat sebesar 1 persen dengan                       higher by 1 percent with all other variables held
   semua variabel lain konstan, maka nilai kini                     constant, the present value of defined benefit
   kewajiban pasti akan lebih rendah sebesar                        obligation would have been Rp719,567,830 lower,
   Rp719.567.830, sedangkan jika tingkat diskonto                   while if the discount rate is lower by 1 percent, the
   menurun 1 persen, maka nilai kini kewajiban pasti                present value of defined benefit obligation would
   akan lebih tinggi sebesar Rp827.060.632.                         have been Rp827,060,632 higher.

   Analisis sensitivitas untuk risiko tingkat kenaikan              Sensitivity analysis for salary increase rate risk
   gaji

   Pada tanggal 31 Desember 2025, jika tingkat                      As at December 31, 2025, if the salary increase
   kenaikan gaji meningkat sebesar 1 persen dengan                  rate is higher by 1 percent with all other variables
   semua variabel konstan, maka nilai kini liabilitas               held constant, the present value of defined benefits
   imbalan pasti lebih tinggi sebesar Rp792.154.411,                obligation would have been Rp792,154,411 higher,
   sedangkan jika tingkat kenaikan gaji menurun                     while if the salary increase rate is lower by
   1 persen, maka nilai kini liabilitas imbalan pasti               1 percent, the present value of defined benefits
   lebih rendah sebesar Rp704.817.487.                              obligation would have been Rp704,817,487 lower.
Page 293
PT HASNUR INTERNASIONAL SHIPPING TBK                                        PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                                AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                       For the Years Ended
31 Desember 2025 dan 2024                                                                     December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                                     (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                         unless Otherwise Stated)


   Profil jatuh tempo liabilitas imbalan pasti                             The maturity profile of discounted defined benefit
   terdiskonto pada tanggal 31 Desember 2025                               obligation as at December 31, 2025 is as follows:
   adalah sebagai berikut:
                                                              2025

   Sampai dengan 2 tahun                                     1.138.489.264       Up to 2 years
   2 tahun - 5 tahun                                         1.169.597.555       2 years to 5 years
   Lebih dari 5 tahun                                        6.088.047.910       More than 5 years

   Total                                                     8.396.134.729       Total


   Manajemen Grup telah mereviu asumsi yang                                The management of the Group has reviewed
   digunakan dan berpendapat bahwa asumsi                                  the assumptions used and agrees that these
   tersebut    sudah       memadai.        Manajemen                       assumptions are adequate. Management believes
   berkeyakinan bahwa liabilitas tersebut memadai                          that the liability for employee benefits is sufficient to
   untuk memenuhi liabilitas imbalan kerja Grup.                           cover the Group’s liability for its employee benefits.


18. Sewa                                                             18. Leases
   Perusahaan memiliki kontrak sewa tugboat dan                            The Company has tugboat and barge rental
   barge yang digunakan dalam operasinya kepada                            contracts used in its operations with PT Nur Jaya
   PT Nur Jaya Samudra (“NJS”), pihak berelasi,                            Samudra (“NJS”), a related party, with a period of
   dengan jangka waktu 60 bulan dari tanggal 18                            60 months from August 18, 2023 to August 18,
   Agustus 2023 sampai dengan 18 Agustus 2028                              2028 and August 27, 2023 to August 26, 2028,
   dan 27 Agustus 2023 sampai dengan 26 Agustus                            respectively.
   2028.

   Berdasarkan       surat     0356/HIS-JKT/DIR                            Based on letter 0356/HIS-JKT/DIR-UM05/VI/2025
   UM05/VI/2025 tanggal 26 Juni 2025 perihal                               dated on June 26, 2025 there was an adjustment of
   penyesuaian harga bareboat charter yang                                 the bareboat charter price rented to NJS.
   disewakan kepada pihak NJS.

   Berikut adalah jumlah tercatat aset hak-guna yang                       The following are the carrying amounts of right-of-
   diakui dan mutasinya selama tahun berjalan:                             use assets recognized and the movements during
                                                                           the year:
                                                       31 Desember/December 31, 2025

                      Saldo Awal/                                                              Saldo Akhir/
                       Beginning      Penambahan/         Pengurangan/       Reklasifikasi/      Ending
                        Balance         Additions          Deductions       Reclassification     Balance

   Harga Perolehan                                                                                              Acquisition Cost
     Kapal           58.147.330.945                 -     11.579.820.852                   -   46.567.510.093     Vessels

   Akumulasi                                                                                                    Accumulated
     Penyusutan                                                                                                   Depreciation
     Kapal           15.505.954.914    9.801.073.423                   -                   -   25.307.028.337     Vessels

   Nilai Tercatat    42.641.376.031                                                            21.260.481.756   Carrying Value


                                                       31 Desember/December 31, 2024

                      Saldo Awal/                                                              Saldo Akhir/
                       Beginning      Penambahan/         Pengurangan/       Reklasifikasi/      Ending
                        Balance         Additions          Deductions       Reclassification     Balance

   Harga Perolehan                                                                                              Acquisition Cost
     Kapal           58.147.330.945                 -                  -                   -   58.147.330.945     Vessels

   Akumulasi                                                                                                    Accumulated
     Penyusutan                                                                                                   Depreciation
     Kapal            3.876.488.729   11.629.466.185                   -                   -   15.505.954.914     Vessels

   Nilai Tercatat    54.270.842.216                                                            42.641.376.031   Carrying Value
Page 294
PT HASNUR INTERNASIONAL SHIPPING TBK                                 PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                         AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                         Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                For the Years Ended
31 Desember 2025 dan 2024                                                              December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                              (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                  unless Otherwise Stated)


   Berikut adalah jumlah tercatat liabilitas sewa dan              The following are the carrying amounts of lease
   mutasinya selama tahun berjalan:                                liabilities and the movements during the year:
                                                2025                 2024

   Saldo awal                               45.028.515.920      55.009.179.030 Beginning balance
   Pengurangan                             (11.579.820.852)                  - Deduction
   Beban bunga                               3.028.602.031       4.419.336.889 Interest expense
   Pembayaran                                                                   Payments
     Pokok                                  (9.239.139.904)     (9.980.663.110)   Principals
     Bunga                                  (3.028.602.031)     (4.419.336.889)   Interest
   Saldo akhir                              24.209.555.164      45.028.515.920 Ending balance

   Lancar                                    8.444.339.130      10.889.859.809 Current
   Tidak lancar                             15.765.216.034      34.138.656.111 Non-current
   Total                                    24.209.555.164      45.028.515.920 Total


   Analisis jatuh tempo liabilitas sewa adalah sebagai             The maturity analysis of the lease liabilities are as
   berikut:                                                        follows:
                                                2025                 2024
   Tidak lebih dari 1 tahun                  8.444.339.130      10.889.859.809 Not later than 1 year
   Lebih dari 1 tahun dan                                                      Later than 1 year and
      kurang dari 3 tahun                   15.765.216.034      34.138.656.111   not later than 3 years
   Total                                    24.209.555.164      45.028.515.920 Total


   Penambahan liabilitas sewa berasal dari perjanjian              The addition to lease liabilities comes from a new
   aset sewa baru pada periode berjalan yang                       lease agreement in the current period that meets
   memenuhi kriteria untuk diakui sebagai aset hak                 the criteria to be recognized as a right-of-use asset.
   guna.

   Jumlah total yang diakui dalam laporan laba rugi                Total amount recognized in profit or loss relating to
   sehubungan dengan aset hak guna terdiri dari:                   right of use assets consists of the following:
                                                2025                 2024
   Beban depresiasi atas                                                       Depreciation expenses of
     aset hak guna                                                                right-of-use assets
   Beban pokok pendapatan (Catatan 22)       9.801.073.423      11.629.466.185 Cost of revenues (Note 22)
   Beban bunga liabilitas sewa               3.028.602.031       4.419.336.889 Interest expense on lease liabilities
   Total yang diakui dalam laba rugi        12.829.675.454      16.048.803.074 Total amount recognized in profit or loss



19. Modal Saham                                                19. Share Capital

   Susunan pemegang saham Perusahaan pada                          The  Company’s     shareholders     is              as      at
   tanggal 31 Desember 2025 dan 2024 menjadi                       December 31, 2025 and 2024 as follows:
   sebagai berikut:
                                                                                                         Persentase
                                                                                 Nilai                  Kepemilikan/
                                                   Jumlah Saham/            Nominal/Nominal             Percentage of
                                                  Number of Shares              Value                    Ownership
   PT Nur Internasional Samudra                          1.071.927.700         107.192.770.000                     40,82%
   Rachmadi A. Sulaiman                                    147.070.000          14.707.000.000                      5,60%
   Hasnuryadi                                              147.070.000          14.707.000.000                      5,60%
   Hasnuryani                                              147.070.000          14.707.000.000                      5,60%
   Nila Susanti                                            147.070.000          14.707.000.000                      5,60%
   Yuni Abdi Nur Sulaiman                                  147.070.000          14.707.000.000                      5,60%
   Jayanti Sari (Direktur Utama/
      President Director)                                 147.070.000            14.707.000.000                        5,60%
   Zainal Hadi HAS HB (Komisaris
      Utama/President Commissioner)                       147.070.000            14.707.000.000                     5,60%
   Masyarakat/Public                                      524.832.300            52.483.230.000                    19,98%
   Total                                                 2.626.250.000         262.625.000.000                   100,00%
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PT HASNUR INTERNASIONAL SHIPPING TBK                   PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                           AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian           Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                  For the Years Ended
31 Desember 2025 dan 2024                                                December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                    unless Otherwise Stated)


   Dividen                                            Dividend

   Berdasarkan Akta Notaris Muhammad Hanafi, S.H.,    Based on Notarial Deed No. 27 of Muhammad
   No. 27 tanggal 21 April 2025, pemegang saham       Hanafi, S.H., dated April 21, 2025, the
   Perusahaan menyetujui pembagian kas dividen        shareholders of the Company approved the cash
   sebesar Rp40.357.308.499 dari saldo laba tahun     dividends amounting to Rp40,357,308,499 from
   buku 2024.                                         retained earnings 2024.

   Berdasarkan Akta Notaris Muhammad Hanafi, S.H.,    Based on Notarial Deed No. 10 of Muhammad
   No. 10 tanggal 5 April 2024, pemegang saham        Hanafi, S.H., dated April 5, 2024, the shareholders
   Perusahaan menyetujui pembagian kas dividen        of the Company approved the cash dividends
   sebesar Rp52.472.475.000 dari saldo laba tahun     amounting to Rp52,472,475,000 from retained
   buku 2023.                                         earnings 2023.

   Cadangan Saldo Laba                                Appropriated Retained Earnings

   Undang-Undang Perseroan Terbatas Republik          Limited Liability Company Law of the Republic of
   Indonesia No.1/1995 yang diterbitkan di bulan      Indonesia No.1/1995 introduced in March 1995,
   Maret 1995, dan telah diubah dengan Undang-        and amended by Law No.40/2007, issued in
   Undang No.40/2007 yang diterbitkan pada bulan      August 2007, requires the establishment of a
   Agustus 2007, mengharuskan pembentukan             general reserve from net income amounting to at
   cadangan umum dari laba bersih sejumlah minimal    least 20% of a Company’s issued and paid-up
   20% dari jumlah modal yang ditempatkan dan         capital. There is no time limit on the establishment
   disetor penuh. Tidak ada batasan waktu untuk       of the reserve.
   membentuk cadangan tersebut.

   Berdasarkan Akta Notaris Muhammad Hanafi, S.H.,    Based on Notarial Deed of Muhammad Hanafi,
   No. 1 tanggal 1 April 2024, pemegang saham         S.H., No. 1 dated April 1 2024, the Company's
   Perusahaan menyetujui melakukan pencadangan        shareholders agreed to reserve retained earnings
   laba ditahan sebesar Rp2.977.268.355 atau setara   in the amount of Rp2,977,268,355 or the equivalent
   dengan 1,89166% (satu koma delapan sembilan        of 1.89166% (one point eight nine one six six
   satu enam enam persen) dari laba bersih            percent) of the Company's net profit in 2023.
   Perusahaan tahun 2023.

   Program Kepemilikan Saham oleh Karyawan (ESA)      Employee Stock Allocation Program (ESA)

   Perusahaan memberikan program kepemilikan          The Company provide a bonus share ownership
   saham bonus kepada karyawan dalam bentuk           program for employees in the form of ESA
   alokasi ESA untuk karyawan berdasarkan SK          allocation for employees pursuant to the Board of
   Direksi No. 0325a/HIS-JKT/DIR-OP057/III/2021       Directors’ Directive No. 0325a/HIS-JKT/DIR-
   tanggal 18 Maret 2021. Program ESA ini             OP057/III/2021 dated March 18, 2021. The ESA
   dialokasikan sebesar 5% dari jumlah saham yang     Program is allocated 5% of the total shares offered
   ditawarkan dalam Penawaran Umum.                   in the Initial Public Offering.

   Peserta    program    ESA    adalah    karyawan    The ESA program participants are the Company
   Perusahaan dan Entitas Anak dan tidak              and its Subsidiaries’ employees, and the program is
   diperuntukkan bagi Direksi dan Dewan Komisaris     not provided for the Board of Directors and Board
   Perusahaan serta Entitas Anak, dengan syarat-      of Commissioners of the Company and of the
   syarat:                                            Subsidiaries, subject to the following conditions:
   •   merupakan karyawan tetap Perusahaan            •    permanent employees of the Company and/or
       dan/atau Entitas Anak dengan masa kerja             its Subsidiaries, with a minimum 1 (one) year
       sekurang-kurangnya 1 (satu) tahun;                  of service;
   •   karyawan yang disebutkan pada butir 1 (satu)   •    the employees referred to in point 1 (one)
       diatas haruslah karyawan yang telah                 above must be employees designated as ESA
       ditetapkan melalui Surat Keputusan Direksi          Program participants under the Company’s
       Perusahaan menjadi peserta Program ESA;             Board of Directors’ Directive letter; and
       dan
   •   karyawan tersebut tidak dalam status terkena   •   the employee must not be under any
       sanksi administratif pada saat implementasi        administrative sanction upon implementation
       program ESA.                                       of the Bonus Share ESA Program.
Page 296
PT HASNUR INTERNASIONAL SHIPPING TBK                                         PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                                 AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                 Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                        For the Years Ended
31 Desember 2025 dan 2024                                                                      December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                                      (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                          unless Otherwise Stated)


20. Tambahan Modal Disetor dan Kepentingan Non                          20. Additional Paid-in Capital and Non-controlling
    Pengendali                                                              Interest
   a.   Tambahan modal disetor - neto                                       a.     Additional paid-in capital - Net
        Rincian tambahan modal disetor pada tanggal                                Detail of additional paid-in capital as at
        31 Desember 2025 dan 2024 adalah sebagai                                   December 31, 2025 and 2024 is as follows:
        berikut:

                                       Tahun
                                     transaksi/
                                    Transaction
                 Transaksi              year               2025                    2024                       Transactions
        Pelepasan dari PT Barito                                                               Disposal of PT Barito
          Putera Docking                    2018       7.483.332.075         7.483.332.075       Putera Docking
        Akuisisi PT Hasnur                                                                     Acquisitions of PT Hasnur
          Resources Terminal                2020        (289.159.429)            (289.159.429)   Resources Terminal
        Selisih lebih harga
          penawaran umum saham
          perdana dengan nilai                                                              Excess of the initial public offering
          nominal saham                     2021     105.050.000.000       105.050.000.000   share price over par value
        Biaya emisi efek ekuitas            2021      (5.282.191.031)       (5.282.191.031) Share issuance costs
        Total                                        106.961.981.615       106.961.981.615     Total


   b.   Kepentingan non-pengendali                                          b.     Non-controlling interest

        Kepentingan non-pengendali atas aset neto                                  Non-controlling interests in Subsidiaries’ net
        Entitas Anak adalah sebagai berikut:                                       assets are as follows:
                                                       2025                 2024

        PT Hasnur Multi Sinergi                    57.382.881.307       27.590.671.225     PT Hasnur Multi Sinergi
        PT Hasnur Resources Terminal                2.140.741.917        1.952.471.825     PT Hasnur Resources Terminal
        PT Hasnur Mitra Sarana                         14.620.192            7.227.382     PT Hasnur Mitra Sarana
        PT Barito Jaya Sarana                           1.476.294              928.517     PT Barito Jaya Sarana

        Total                                      59.539.719.710       29.551.298.949 Total

        Saldo awal tahun                           29.551.298.949        1.630.949.775 Balance at beginning of year
        Pendirian dan kenaikan                                                         Incorporation and increase in share
          modal Entitas Anak                       30.000.000.000       27.601.000.000    capital of Subsidiary
        Bagian laba (rugi) tahun berjalan             (11.579.239)         319.349.174 Share of income (loss) for the year

        Total                                      59.539.719.710       29.551.298.949 Total



        Berdasarkan Akta Notaris Inayati Noor Thahir,                             Based on Notarial Deed of Inayati Noor Thahir,
        S.H., M.Kn. No. 8 tanggal 20 Mei 2025,                                    S.H., M.Kn. No. 8 dated May 20, 2025, HMLS
        HMLS telah melakukan peningkatan modal                                    increased its issued and paid-up capital from
        ditempatkan dan modal disetor dari semula                                 previously         Rp12,500,000,000          to
        sebesar Rp12.500.000.000 menjadi sebesar                                  Rp128,000,000,000. The increase in issued and
        Rp128.000.000.000.    Peningkatan      modal                              paid-up capital was carried out through the
        ditempatkan dan disetor dilakukan dengan                                  conversion of capital advance amounting to
        mengkonversi uang muka setoran modal                                      Rp48,833,333,333 and cash contributions
        sebesar Rp48.333.333.333 dan setoran                                      amounting to Rp66,666,666,667. HRT and the
        tunai sebesar Rp66.666.666.667. HRT dan                                   non-controlling shareholder converted advances
        pemegang saham minoritas melakukan                                        for    capital   contributions  amounting   to
        konversi   uang    muka     setoran    modal                              Rp26,858,333,333 and Rp21,975,000,000,
        masing-masing sebesar Rp26.858.333.333                                    respectively, and also made cash capital
        dan Rp21.975.000.000, serta melakukan                                     injections     of     Rp36,666,666,667     and
        setoran   tunai   masing-masing      sebesar                              Rp30,000,000,000, respectively.
        Rp36.666.666.667 dan Rp30.000.000.000.
Page 297
PT HASNUR INTERNASIONAL SHIPPING TBK                                           PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                                   AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                   Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                          For the Years Ended
31 Desember 2025 dan 2024                                                                        December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                                        (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                            unless Otherwise Stated)


        Pada tanggal 23 Agustus 2024, HRT                                         On August 23, 2024, HRT established
        mendirikan PT Hasnur Multi Sinergi (Entitas                               PT Hasnur Multi Sinergi (Subsidiary), whereby
        Anak), dimana Perusahaan menempatkan                                      the Company placed a total of 6,875 shares at a
        sejumlah 6.875 lembar saham dengan harga                                  price of Rp6,875,000,000, while minority
        sebesar      Rp6.875.000.000,    sedangkan                                interest paid in capital a total of 5,625 shares at
        pemegang saham minoritas menyetorkan                                      price of Rp5,625,000,000. In addition, during
        sejumlah 5.625 lembar saham dengan harga                                  2024, the Company and minority interest made
        sebesar Rp5.625.000.000. Selain itu, selama                               advances subscription of share capital
        tahun 2024, Perusahaan dan pemegang                                       amounting       to     Rp26,858,333,333        and
        saham minoritas melakukan uang muka                                       Rp21,975,000,000, respectively. Paid in capital
        setoran modal masing-masing sebesar                                       from non-controlling interests are presented as
        Rp26.858.333.333 dan Rp21.975.000.000.                                    part of the "Non-controlling interests" in
        Setoran modal dari kepentingan non-                                       the equity section of the consolidated statement
        pengendali disajikan sebagai bagian dari                                  of financial position.
        “Kepentingan non-pengendali” pada bagian
        ekuitas dalam laporan posisi keuangan
        konsolidasian.

        Pada tanggal 24 Juni 2024, HRT mendirikan                                 On June 24, 2024, HRT established
        PT Barito Jaya Sarana (Entitas Anak), dimana                              PT Barito Jaya Sarana (Subsidiary) in which is
        Perusahaan menempatkan sejumlah 499                                       the Company placed a total of 499 shares at a
        lembar saham dengan harga sebesar                                         price of Rp499,000,000, while minority interest
        Rp499.000.000, sedangkan pemegang saham                                   paid a total 1 share at a price of Rp1,000,000.
        minoritas menyetorkan sejumlah 1 lembar                                   Paid in capital from non-controlling interests are
        saham dengan harga sebesar Rp1.000.000.                                   presented as part of the "Non-controlling
        Setoran modal dari kepentingan non-                                       interests" in the equity section of the
        pengendali disajikan sebagai bagian dari                                  consolidated statement of financial position.
        “Kepentingan non-pengendali” pada bagian
        ekuitas dalam laporan posisi keuangan
        konsolidasian.

   Ringkasan informasi keuangan pada masing-                                  Summarized financial information in respect of
   masing entitas anak Grup yang memiliki                                     each of the Group’s subsidiaries that has material
   kepentingan       nonpengendali yang   material                            non-controlling interests is set out below. The
   ditetapkan di bawah ini. Ringkasan informasi                               summarized financial information below represents
   keuangan di bawah ini merupakan jumlah sebelum                             amounts before intragroup eliminations:
   eliminasi intra grup:
                                          PT Hasnur Multi Sinergi          PT Hasnur Resources Terminal

                                           2025               2024               2025               2024

   Aset lancar                        42.037.388.422    41.440.902.724     46.418.026.858     73.852.763.529    Current assets
   Aset tidak lancar                 262.964.419.889    19.914.375.000    107.151.414.605     67.044.485.916    Non-current assets

   Liabilitas jangka pendek            1.541.061.984        42.675.000      2.521.691.413      3.648.679.549    Current liabilities
   Liabilitas jangka panjang         175.943.232.312                 -        985.494.747      1.112.276.752    Non-current liabilities

   Pendapatan                                      -                  -    20.989.375.570     12.840.414.617    Revenue

   Laba (rugi) tahun berjalan          (461.755.377)       (20.730.609)    13.970.877.466     11.220.297.564    Profit (loss) for the year

   Jumlah penghasilan komprehensif                                                                              Total comprehensive
     tahun berjalan                    (461.755.377)       (20.730.609)    13.925.962.159     11.307.346.093      income for the year

   Kas masuk (keluar) bersih dari:                                                                              Net cash inflow (outflow) from:
   Kegiatan Operasi                  (3.792.034.695)        21.064.391      9.306.344.341      9.875.858.050    Operating activities

   Kegiatan Investasi                (256.333.231.611) (19.914.375.000)   (36.739.666.667)   (32.996.788.225)   Investing activities

   Kegiatan Pendanaan                242.609.898.979    61.333.333.333                   -    84.999.600.000    Financing activities
Page 298
PT HASNUR INTERNASIONAL SHIPPING TBK                              PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                      AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                      Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                             For the Years Ended
31 Desember 2025 dan 2024                                                           December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                           (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                               unless Otherwise Stated)


21. Pendapatan Neto                                         21. Net Revenues

   Akun ini merupakan pendapatan neto dari:                     This account represents net revenues from:

                                              2025                2024

   Pihak berelasi (Catatan 24)                                              Related parties (Note 24)
   Pengangkutan                          496.650.081.877    643.232.095.962 Freight
   Jasa bantuan pemuatan dan                                                Assistance of loading and
     pembongkaran                         22.435.053.852     25.000.376.716   unloading services
   Tug assist                              6.295.500.000      6.808.500.000 Tug assist

   Pihak ketiga                                                             Third parties
   Pengangkutan                          355.197.282.219    324.669.359.056 Freight
   Jasa bantuan pemuatan dan                                                Assistance of loading and
     pembongkaran                                      -      2.057.838.002   unloading services
   Charter                                             -     16.343.392.917 Charter

   Total                                 880.577.917.948   1.018.111.562.653 Total

   (Pelanggan yang melebihi 10%                                             (Customers exceeding 10%
     dari total pendapatan neto):                                             of total net revenues):
   Pendapatan neto:                                                         Net revenues:
   PT Bhumi Rantau Energi                453.692.432.131    480.978.263.939 PT Bhumi Rantau Energi
   PT Kaltim Prima Coal                  132.416.344.078    114.991.498.845 PT Kaltim Prima Coal
   PT Energi Batubara Lestari             42.957.469.747    162.253.832.023 PT Energi Batubara Lestari

   Total                                 629.066.245.956    758.223.594.807 Total




22. Beban Pokok Pendapatan                                  22. Cost of Revenues

                                              2025                2024

   Spot kapal                            266.711.049.437    442.540.652.446   Vessel spot
   Bahan bakar                           157.681.449.769    119.534.852.774   Fuel
   Penyusutan (Catatan 9 dan 18)          62.366.552.201     51.163.385.419   Depreciation (Note 9 and 18)
   Biaya operasional kapal                56.770.629.552     51.811.733.494   Vessel operation cost
   Docking (Catatan 11)                   39.350.205.929     30.414.909.271   Docking (Note 11)
   Channel fee                            37.191.069.853     44.006.117.048   Channel fee
   Keagenan                               15.065.428.662      8.105.458.166   Agency
   Perbaikan dan pemeliharaan              9.759.061.281      9.430.042.897   Repair and maintenance
   Biaya penarikan kapal                   3.282.900.000      3.618.250.000   Towing fee
   Biaya pelabuhan                           587.148.133        645.907.040   Port fee
   Lain-lain (masing-masing
     dibawah Rp2 miliar)                  15.113.685.845     14.305.289.765 Others (each below Rp2 billion)

   Total                                 663.879.180.662    775.576.598.320 Total


   Pada tahun 2025 dan 2024, pembelian yang                     In 2025 and 2024, purchases that exceeded 10%
   melebihi 10% dari jumlah penjualan neto dilakukan            of the total net revenue are from PT AKR
   kepada PT AKR Corporindo Tbk dengan                          Corporindo Tbk with a purchase value of
   nilai   pembelian     masing-masing       sebesar            Rp163,213,911,255    and    Rp124,928,763,387,
   Rp163.213.911.255 dan Rp124.928.763.387.                     respectively.
Page 299
PT HASNUR INTERNASIONAL SHIPPING TBK                                          PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                                  AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                  Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                         For the Years Ended
31 Desember 2025 dan 2024                                                                       December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                                       (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                           unless Otherwise Stated)


23. Beban Usaha                                                         23. Operating Expenses

   Rincian dari beban usaha adalah sebagai berikut:                          The details of operating expenses are as follows:

                                                         2025                 2024

   Umum dan administrasi                                                                General and administrative
   Kompensasi karyawan                               45.954.421.358      53.382.374.551 Employees’ compensation
   Penyusutan (Catatan 9 dan 10)                     11.362.820.853       8.900.303.404 Depreciation (Notes 9 and 10)
   Penyisihan piutang usaha                                                             Provision for impairment
      (Catatan 5)                                     7.277.712.779       3.014.317.096    on trade receivables (Note 5)
   Jasa profesional                                   7.697.161.359       8.071.520.392 Professional fee
   Biaya administrasi                                 7.674.687.111       5.440.781.159 Administrative cost
   Perjalanan dinas dan transportasi                  3.852.718.328       4.511.595.325 Travel and transportation
   Perjamuan                                          3.516.446.525       7.367.598.528 Entertainment
   Beban imbalan kerja (Catatan 17)                   1.547.429.637       1.507.150.041 Employee benefits expense (Note 17)
   Utilitas                                           1.347.188.084       1.388.592.675 Utilities
   Lain-lain (masing-masing                                                             Miscellaneous
      dibawah Rp300 juta)                              662.285.468        2.606.942.630    (each below Rp300 million)

   Total                                             90.892.871.502      96.191.175.801 Total




24. Saldo dan        Transaksi       dengan        Pihak-pihak          24. Balances and Transactions with Related Parties
    Berelasi

   Rincian saldo dengan pihak-pihak berelasi adalah                          The details of balances with related parties are as
   sebagai berikut:                                                          follows:
                                                                          Persentase Terhadap Total Aset/
                                             Jumlah/Amount                  Percentage to Total Assets

                                      2025                   2024            2025                   2024

   Piutang usaha (Catatan 5)                                                                                        Trade receivables (Note 5)
   PT Bhumi Rantau Energi         35.466.015.535       33.400.677.205               2,31%               2,78%       PT Bhumi Rantau Energi
   PT Energi Batubara Lestari     30.960.338.013       37.560.764.752               2,02%               3,13%       PT Energi Batubara Lestari
   PT Hasnur Jaya International   11.661.481.448       10.204.041.447               0,76%               0,85%       PT Hasnur Jaya International
   PT Nur Jaya Samudra                         -          573.286.483               0,00%               0,05%       PT Nur Jaya Samudra

   Total                          78.087.834.996       81.738.769.887               5,09%               6,81%       Total

   Piutang dari pihak berelasi                                                                                      Due from related party
   PT Hasnur Jaya Tambang           572.657.609                     -               0,04%                       -   PT Hasnur Jaya Tambang

   Aset hak guna                                                                                                    Right-of-use assets
   PT Nur Jaya Samudra            21.260.481.756       42.641.376.031               1,39%               3,55%       PT Nur Jaya Samudra


                                                                        Persentase Terhadap Total Liabilitas/
                                             Jumlah/Amount                 Percentage to Total Liabilities

                                      2025                   2024            2025                   2024

   Utang usaha (Catatan 12)                                                                                         Trade payables (Note 12)
   PT Nur Jaya Samudra              926.500.000         1.176.000.000               0,13%               0,27%       PT Nur Jaya Samudra
   PT Jaya Agensi Kapal                                                                                             PT Jaya Agensi Kapal
      Indonesia                     710.479.310                     -               0,10%               0,00%          Indonesia
   PT Hasnur Informasi                                                                                              PT Hasnur Informasi
     Teknologi                      118.117.850          248.352.140                0,02%               0,06%          Teknologi
   PT Barito Putera Docking          53.235.353          106.470.706                0,01%               0,02%       PT Barito Putera Docking
   PT Hasnur Cipta Karya             27.565.000            8.285.200                0,00%               0,00%       PT Hasnur Cipta Karya

   Total                           1.835.897.513        1.539.108.046               0,26%               0,35%       Total
Page 300
PT HASNUR INTERNASIONAL SHIPPING TBK                                               PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                                       AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                       Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                              For the Years Ended
31 Desember 2025 dan 2024                                                                            December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                                            (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                                unless Otherwise Stated)

                                                                            Persentase Terhadap Total Liabilitas/
                                               Jumlah/Amount                   Percentage to Total Liabilities

                                        2025                   2024              2025                   2024

   Utang kepada pihak-
     pihak berelasi                                                                                                     Due to related parties
   PT Jaya Agensi Kapal                                                                                                 PT Jaya Agensi Kapal
     Indonesia                        425.803.143                     -                 0,06%                       -     Indonesia
   PT Hasnur Citra Terpadu            342.429.816                     -                 0,05%                       -   PT Hasnur Citra Terpadu

   Total                              768.232.959                     -                 0,11%                       -   Total

   Liabilitas sewa                                                                                                      Lease liability
   PT Nur Jaya Samudra              24.209.555.164      45.028.515.920                  3,48%              10,30%       PT Nur Jaya Samudra


                                                                           Persentase Terhadap Total Pendapatan/
                                               Jumlah/Amount                   Percentage to Total Revenues

                                        2025                   2024              2025                   2024

   Pendapatan (Catatan 21)                                                                                              Revenues (Note 21)
   PT Bhumi Rantau Energi          453.692.432.131     480.978.263.939                51,52%               47,24%       PT Bhumi Rantau Energi
   PT Energi Batubara Lestari       42.957.649.747     162.253.832.023                 4,88%               15,94%       PT Energi Batubara Lestari
   PT Hasnur Jaya International     28.730.553.851      31.808.876.716                 3,26%                3,12%       PT Hasnur Jaya International

   Total                           525.380.635.729     675.040.972.678                59,66%               66,30%       Total


                                                                              Persentase Terhadap Total Beban
                                                                              Pokok Pendapatan/Percentage to
                                               Jumlah/Amount                       Total Cost of Revenues

                                        2025                   2024              2025                   2024

   Beban pokok pendapatan                                                                                               Cost of revenues
   PT Nur Jaya Samudra               9.801.073.423      11.629.466.185                  1,48%               1,50%       PT Nur Jaya Samudra
   PT Hasnur Jaya International        826.800.000         860.600.000                  0,12%               0,11%       PT Hasnur Jaya International

   Total                            10.627.873.423      12.490.066.185                  1,60%               1,61%       Total


                                                                           Persentase Terhadap Total Beban Umum
                                                                            dan Administrasi/Percentage to Total
                                               Jumlah/Amount                 General and Administrative Expense

                                        2025                   2024              2025                   2024

   Beban umum dan                                                                                                       General and administrative
     administrasi                                                                                                         expense
   PT Hasnur Informasi Teknologi     2.613.081.172       2.294.782.055                  2,85%               2,39%       PT Hasnur Informasi Teknologi
   PT Barito Putera Docking            632.499.240         632.499.240                  0,69%               0,66%       PT Barito Putera Docking
   PT Nur Ummi Rabani                  405.605.641         505.942.500                  0,44%               0,53%       PT Nur Ummi Rabani
   PT Hasnur Cipta Karya                27.565.000           8.285.200                  0,03%               0,01%       PT Hasnur Cipta Karya
   PT Magma Sigma Utama                          -          45.310.103                       -              0,05%       PT Magma Sigma Utama
   PT Hasnur Jaya International                  -          35.714.286                       -              0,04%       PT Hasnur Jaya International

   Total                             3.678.751.053       3.522.533.384                  4,01%               3,68%       Total


                                                                           Persentase Terhadap Total Pendapatan
                                                                            (Beban) Lain-Lain/Percentage to Total
                                               Jumlah/Amount                      Other Income (Expense)

                                        2025                   2024              2025                   2024

   Pendapatan (beban)
     lain-lain                                                                                                          Other income (expense)
   PT Magma Sigma Utama                          -            3.412.350                     -               0,03%       PT Magma Sigma Utama
   PT Nur Jaya Samudra              (3.028.602.031)      (4.419.336.889)             (12,49%)             (44,66%)      PT Nur Jaya Samudra

   Total                            (3.028.602.031)      (4.415.924.539)             (12,49%)             (44,63%)      Total
Page 301
PT HASNUR INTERNASIONAL SHIPPING TBK                                      PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                              AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                              Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                     For the Years Ended
31 Desember 2025 dan 2024                                                                   December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                                   (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                       unless Otherwise Stated)


   Remunerasi Dewan Komisaris dan Direksi yang                                Remuneration   payment       to    Board    of
   dibayarkan adalah sebagai berikut:                                         Commisioners and Directors is as a follows:
                                                 2025                     2024

   Imbalan kerja jangka pendek                                                     Short-term employee benefits
   Dewan Komisaris                          2.405.013.293            5.784.715.673 Board of Commissioners
   Direksi                                 19.012.912.376           19.398.825.874 Board of Directors

   Total                                   21.417.925.669           25.183.541.547 Total


   Hubungan dan sifat saldo/transaksi antara Grup                        The relationship and the nature of accounts/
   dan pihak-pihak berelasi di atas adalah sebagai                       transactions    between       the     Group and
   berikut:                                                              the above related parties are as follows:
            Pihak-pihak Berelasi/                    Hubungan/                            Sifat Saldo Akun/Transaksi/
               Related Parties                      Relationship                        Nature of Accounts/Transactions
   PT Hasnur Jaya International (HJI)    Entitas afiliasi/Affiliated entity        Piutang usaha, pendapatan, beban pokok
                                                                                   pendapatan, beban umum dan administrasi
                                                                                   dan jaminan korporasi/Trade receivable,
                                                                                   revenue, cost of revenue, general and
                                                                                   administration    expense  and   corporate
                                                                                   guarantee.
   Jayanti Sari                          Pemegang saham/Shareholder                Memberikan jaminan aset tetap untuk
                                                                                   pinjaman bank/Providing fixed assets as
                                                                                   guarantee for bank loan.
   PT Energi Batubara Lestari (EBL)      Entitas afiliasi/Affiliated entity        Piutang     usaha    dan  pendapatan/Trade
                                                                                   receivable and revenue.
   PT Bhumi Rantau Energi (BRE)          Entitas afiliasi/Affiliated entity        Piutang       usaha   dan      pendapatan/Trade
                                                                                   receivable and revenue.
   PT Hasnur Jaya Utama (HJU)            Entitas afiliasi/Affiliated entity        Piutang dari pihak berelasi, utang kepada
                                                                                   pihak berelasi dan pendapatan lain-lain/Due
                                                                                   from a related party, due to a related party and
                                                                                   other income.
   PT Magma Sigma Utama (MSU)            Entitas afiliasi/Affiliated entity        Beban       umum     dan      administrasi   dan
                                                                                   pendapatan          lain-lain/General        and
                                                                                   administration expenses and other income.
   PT Barito Putera Docking (BPD)        Entitas afiliasi/Affiliated entity        Utang        usaha,    beban      umum       dan
                                                                                   administrasi/Trade payables, general and
                                                                                   administration expenses.
   PT Hasnur Informasi Teknologi (HIT)   Entitas afiliasi/Affiliated entity        Utang usaha dan beban umum dan
                                                                                   administrasi/Trade payable and general and
                                                                                   administration expenses.
   PT Hasnur Citra Terpadu (HCT)         Entitas afiliasi/Affiliated entity        Utang kepada pihak berelasi/Due to related
                                                                                   party.
   PT Nur Jaya Samudra (NJS)             Entitas afiliasi/Affiliated entity        Piutang usaha, aset hak guna, utang usaha,
                                                                                   liabilitas sewa, beban pokok pendapatan,
                                                                                   pendapatan (beban) lain-lain/Trade receivable,
                                                                                   right-of-Use assets, trade payable, lease
                                                                                   liabilities, cost of revenue, other income
                                                                                   (expense).
   PT Nur Ummi Rabani (NUR)              Entitas afiliasi/Affiliated entity        Beban umum dan administrasi/General and
                                                                                   administration expenses.
   PT Hasnur Cipta Karya (HCK)           Entitas afiliasi/Affiliated entity        Utang usaha dan beban umum dan
                                                                                   administrasi/Trade payables and general and
                                                                                   administration expenses.
   PT Hasnur Jaya Tambang (HJT)          Entitas afiliasi/Affiliated entity        Piutang dari pihak berelasi/Due from related
                                                                                   party.
   PT Jaya Agensi Kapal Indonesia        Entitas afiliasi/Affiliated entity        Utang kepada pihak berelasi/Due to related
    (JAKI)                                                                         party.
Page 302
PT HASNUR INTERNASIONAL SHIPPING TBK                     PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                             AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian             Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                    For the Years Ended
31 Desember 2025 dan 2024                                                  December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                  (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                      unless Otherwise Stated)


   Entitas   afiliasi    adalah     entitas   dibawah   Affiliated entity is an entity controlled by the same
   pengendalian pemegang saham yang sama                shareholders and/or have the same board of
   dan/atau memiliki direksi atau komisaris yang sama   directors or commissioners with the Group.
   dengan Grup.

   Transaksi dengan pihak-pihak yang berelasi adalah    The details of the transactions with related parties
   sebagai berikut:                                     are as follows:

   Pada tanggal 31 Desember 2025 dan 2024,              As at December 31, 2025 and 2024, trade
   piutang usaha dari EBL, BRE dan HJI merupakan        receivables from EBL, BRE and HJI represent
   piutang dari freight charter dan pendapatan          receivable from freight charter and demurrage
   demurrage.                                           revenues.

   PT Bhumi Rantau Energi (BRE)                         PT Bhumi Rantau Energi (BRE)

   Berdasarkan perjanjian No. 0550/HIS-JKT/DIR-         Based on agreement No. 0550/HIS-JKT/DIR-
   LG033.3/VI-2020 pada tanggal 29 Mei 2020,            LG033.3/VI-2020 on May 29, 2020, the Company
   Perusahaan menerima perjanjian pengangkutan          entered into agreement of transportation of long
   batubara jarak jauh (long towing) dengan BRE         towing coal agreement with BRE which is valid
   berlaku sejak tanggal 1 Juni 2020 sampai dengan      from June 1, 2020 until December 31, 2020. This
   31 Desember 2020. Perjanjian ini telah di            agreement has been renewed with amendment VII
   perbaharui dengan amendemen VII No. 035/HIS-         No.    035/HIS-JKT/DIR-LGL03.3/VI/2024     dated
   JKT/DIR-LGL03.3/VI/2024 tanggal 28 Juni 2024         June 28, 2024, which is valid from July 1, 2024
   berlaku sejak 1 Juli 2024 sampai 31 Desember         until December 31, 2026.
   2026.

   Berdasarkan perjanjian No. 006a/HIS-JKT/DIR-         Based on agreement No. 006a/HIS-JKT/DIR-
   LG033.51/I-2020 pada tanggal 2 Januari 2020,         LG033.51/I-2020 on January 2, 2020, the
   Perusahaan menerima perpanjangan jangka waktu        Company received renewal of transportation of
   atas perjanjian pengangkutan batubara jarak dekat    transhipment coal agreement with BRE which is
   (transhipment) dengan BRE yang berlaku sejak         valid from January 1, 2020 until December 31,
   tanggal 1 Januari 2020 sampai dengan                 2030. This agreement has been renewed with
   31      Desember       2030.    Perjanjian     ini   amendment        XXXIV    No.     052/HIS-JKT/DIR-
   telah diperbaharui dengan amendemen XXXIV            LGL.03.3/XII/2025 dated December 1, 2025, which
   No.            052/HIS-JKT/DIR-LGL.03.3/XII/2025.    is valid until December 31, 2025.
   Perjanjian ini berlaku mulai dari tanggal
   1 Desember 2025 sampai dengan 31 Desember
   2025.

   PT Energi Batubara Lestari (EBL)                     PT Energi Batubara Lestari (EBL)

   Berdasarkan perjanjian No. 039/HIS-JKT/DIR-          Based on agreement No. 039/HIS-JKT/DIR-
   LGL03/VI/2021 pada tanggal 24 Juni 2021,             LGL03/VI/2021 on June 24, 2021, the Company
   Perusahaan menerima perjanjian pengangkutan          accepted a long towing and transhipment coal
   batubara jarak jauh (long towing) dan jarak dekat    transportation   agreement    with EBL.   This
   (transhipment) dengan EBL. Perjanjian ini telah      Agreement has been renewed by amendment IX
   diperbaharui dengan amendemen IX No. 047/HIS-        No.     047/HIS-JKT/DIR-LGL03/XI/2025    dated
   JKT/DIR-LGL03/XI/2025 tanggal 3 November             November 3, 2025. This agreement is valid from
   2025. Perjanjian ini berlaku mulai dari tanggal 24   June 24, 2021 to June 23, 2031.
   Juni 2021 sampai dengan 23 Juni 2031.

   Berdasarkan    perjanjian No.   051/SPAL/HIS-        Based on agreement No. 051/SPAL/HIS-
   PTEBL/II/2022 pada tanggal 4 Februari 2022,          PTEBL/II/2022 on February 4, 2022, the Company
   Perusahaan menerima perjanjian pengangkutan          entered into agreement of transportation of
   batubara (overseas) dengan EBL.                      overseas coal agreement with EBL.
Page 303
PT HASNUR INTERNASIONAL SHIPPING TBK                     PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                             AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian             Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                    For the Years Ended
31 Desember 2025 dan 2024                                                  December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                  (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                      unless Otherwise Stated)


   Berdasarkan perjanjian No. 215/SPAL/HIS-PT           Based on agreement No. 215/SPAL/HIS-PT
   EBL/VIII/2022 pada tanggal 12 Agustus 2022,          EBL/VIII/2022 on August 12, 2022, the Company
   Perusahaan menerima perjanjian pengangkutan          entered into agreement of transportation of
   batubara (overseas) dengan EBL.                      overseas coal agreement with EBL.

   PT Barito Putera Docking (BPD)                       PT Barito Putera Docking (BPD)

   Pada tanggal 2 Januari 2025 dan 2024,                On January 2, 2025 and 2024, the Company
   Perusahaan mengadakan perjanjian sewa gedung         entered into building office rental agreement with
   kantor dengan BPD. Perjanjian ini berlaku sejak      BPD. This agreement is applied from January 1,
   1 Januari 2025 hingga 31 Desember 2025 dan           2025 to December 31, 2025 and January 1, 2024
   1 Januari 2024 hingga 31 Desember 2024.              to December 31, 2024.

   Untuk tahun yang berakhir pada tanggal               For the years ended December 31, 2025 and 2024,
   31 Desember 2025 dan 2024, beban sewa atas           the    related   rental  expenses    amounting
   transaksi     ini    masing-masing       sebesar     Rp632,499,240 and Rp632,499,240, respectively,
   Rp632.499.240     dan   Rp632.499.240      dicatat   are recorded as part of “General and
   sebagai bagian dari “Beban Umum dan                  Administrative Expenses” in the consolidated
   Administrasi” dalam laporan laba rugi dan            statements of profit or loss and other
   penghasilan komprehensif lainnya konsolidasian.      comprehensive income.

   PT Nur Jaya Samudra (NJS)                            PT Nur Jaya Samudra (NJS)

   Berdasarkan perjanjian No. 187a/HIS-JKT/DIR-         Based on agreement No. 187a/HIS-JKT/DIR-
   LGL03.1/VIII/2022 tanggal 15 Agustus 2022,           LGL03.1/VIII/2022 dated August 15, 2022, the
   Perusahaan mengadakan perjanjian sewa kapal          Company entered into a tugboat rental agreement
   tunda (tugboat) dengan NJS. Perjanjian ini telah     with NJS. This agreement has been renewed with
   diperbaharui dengan amandemen IV No. 036/HIS-        amendment IV No. 036/HIS-JKT/DIR-LGL.03.3/
   JKT/DIR-LGL.03.3/VIII/2025 tanggal 27 Agustus        VIII/2025 dated August 27, 2025 with a change in
   2025 dengan perubahan tarif sewa. Perjanjian ini     rental rates. This agreement is valid for 5 years and
   berlaku 5 tahun dan berlaku efektif sejak tanggal    is effective from August 18, 2023 to August 18,
   18 Agustus 2023 sampai dengan 18 Agustus 2028.       2028.

   Berdasarkan perjanjian No. 289a/HIS-JKT/DIR-         Based on agreement No. 289a/HIS-JKT/DIR-
   LGL03.1/VIII/2023 tanggal 24 Agustus 2023,           LGL03.1/VIII/2023 dated August 24, 2023, the
   Perusahaan mengadakan perjanjian sewa kapal          Company entered into a barge charter agreement
   tongkang (barge) dengan NJS. Perjanjian ini telah    with NJS. This agreement has been renewed
   diperbaharui dengan Amandemen I No. 037/HIS-         with Amendment I No. 037/HIS-JKT/DIR-
   JKT/DIR-LGL.03.3/VIII/2025 tanggal 27 Agustus        LGL.03.3/VIII/2025 dated August 27, 2025. This
   2025. Perjanjian ini berlaku 5 tahun dan berlaku     agreement is valid for 5 years and is effective from
   efektif sejak tanggal 27 Agustus 2023 sampai         August 27, 2023 to August 26, 2028.
   dengan 26 Agustus 2028.

   Untuk tahun yang berakhir pada tanggal               For the years ended December 31, 2025 and 2024,
   31 Desember 2025 dan 2024, sewa atas transaksi       expenses on this transaction were recorded
   ini dicatat sebagai bagian dari “Beban Lain-lain -   as part of "Other Expenses - Interest Expense" of
   Beban       Bunga”     masing-masing      sebesar    Rp3,028,602,031       and        Rp4,419,336,889,
   Rp3.028.602.031 dan Rp4.419.336.889 dan              respectively, and “Cost of Revenues” of
   “Beban Pokok Pendapatan” masing-masing               Rp9,801,073,423       and       Rp11,629,466,185,
   sebesar Rp9.801.073.423 dan Rp11.629.466.185         respectively,   in  the     consolidated      income
   dalam laporan laba rugi dan penghasilan              statements of profit or loss and other
   komprehensif lainnya konsolidasian, dan “Aset Hak    comprehensive              income,                and
   Guna” masing-masing sebesar Rp21.260.481.756         "Right-of-Use Assets" of Rp21,260,481,756
   dan Rp42.641.376.031 dan “Liabilitas Sewa”           and     Rp42,641,376,031,      respectively,      and
   masing-masing sebesar Rp24.209.555.164 dan           "Lease Liabilities" of Rp24,209,555,164 and
   Rp45.028.515.920 dalam laporan posisi keuangan       Rp45,028,515,920,      respectively,       in      the
   konsolidasian.                                       consolidated statements of financial position.
Page 304
PT HASNUR INTERNASIONAL SHIPPING TBK                          PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                  AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                  Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                         For the Years Ended
31 Desember 2025 dan 2024                                                       December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                       (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                           unless Otherwise Stated)


   PT Hasnur Informasi Teknologi (HIT)                       PT Hasnur Informasi teknologi (HIT)

   Berdasarkan perjanjian No. 0444d/HIT-JKT/DIR-             Based on agreement no. 0444d/HIT-JKT/DIR-
   LG033.72/VI-2022 tanggal 27 Juni 2022,                    LG033.72/VI-2022 dated June 27 2022, the
   Perusahaan mengadakan perjanjian kerjasama                Company entered into a SAP service provider
   penyedia jasa SAP dengan HIT. Perjanjian ini              cooperation agreement with HIT. This agreement is
   berlaku sejak tanggal 1 Januari 2022 sampai               valid from January 1, 2022 to December 31, 2022.
   dengan 31 Desember 2022. Pada tanggal 25 Maret            On the date March 25, 2024 this agreement has
   2024 perjanjian ini telah diperbaharui dengan             been updated with new agreement No. 017/HIS-
   perjanjian    baru     No.    017/HIS-JKT/DIR-            JKT/DIR-LGL03.3/IV/2025 for Managed Services
   LGL03.3/IV/2025 atas Jasa Managed Service                 with a valid period from 1 January 2025 to
   dengan jangka waktu yang berlaku sejak tanggal            December 31, 2025. As at the completion date of
   1 Januari 2025 sampai dengan 31 Desember 2025.            the consolidated financial statements, the
   Sampai dengan tanggal penyelesaian laporan                amendment of such agreement is still in process.
   keuangan konsolidasian, perpanjangan perjanjian
   tersebut masih dalam proses.

    Berdasarkan perjanjian No. 0499/HIT-JKT/DIR-             Based on agreement No. 0499/HIT-JKT/DIR-
    LG033.72/IV-2024 tanggal 3 April 2024, HRT               LG033.72/IV-2024 dated April 3, 2024, HRT agreed
    sepakat menunjuk HIT sebagai penyedia jasa               to appoint HIT as a Managed Service provider. HIT
    Managed Service. HIT akan melaksanakan                   will carry out the work based on the Service Level
    pekerjaan berdasarkan Service Level Agreement            Agreement Managed Service (SLA) Infrastructure.
    Managed Service (SLA) Infrastructure. Jangka             The agreement is valid from January 1, 2024 to
    waktu perjanjian terhitung sejak 1 Januari 2024          December 31, 2024.
    sampai dengan 31 Desember 2024.

    Pada tanggal 21 April 2025 perjanjian ini telah          On the date April 21, 2024 this agreement has
    diperbaharui dengan perjanjian baru No. 002/HRT-         been updated with new agreement No. 002/HRT-
    JKT/DIR-LGL.03.3/IV/2025 atas Jasa Managed               JKT/DIR-LGL.03.3/IV/2025 for Managed Services
    Service dengan jangka waktu yang berlaku sejak           with a valid period from 1 January 2025 to
    tanggal 1 Januari 2025 sampai dengan                     December 31, 2025.
    31 Desember 2025.

   Untuk tahun yang berakhir pada tanggal                    For the years ended December 31, 2025 and 2024,
   31 Desember 2025 dan 2024, saldo atas transaksi           the expenses for this transaction amounted to
   tersebut masing-masing sebesar Rp2.613.081.172            Rp2,613,081,172         and      Rp2,294,782,055,
   dan Rp2.294.782.055 dicatat sebagai bagian dari           respectively, were recorded as part of the
   “Beban Usaha - Umum dan Administrasi” dalam               "Operating Expenses - General and Administrative"
   laporan laba rugi dan penghasilan komprehensif            in the consolidated statement of income and other
   lainnya konsolidasian.                                    comprehensive income.

   PT Hasnur Jaya International (HJI)                        PT Hasnur Jaya International (HJI)

    Pada tahun 2019, HRT menandatangani perjanjian           In 2019, HRT entered into “Operating and
    “Pengoperasian dan Perawatan Terminal Khusus             Maintenance of a Special Terminal for Pendang
    Batubara Pendang” dengan HJI. Perjanjian ini telah       Coal” agreement with HJI. This agreement has
    di    perbaharui      dengan       amendemen       III   been renewed with amendment III No. 010b/HRT-
    No. 010b/HRT-JKT/DIR-LGL03.3/VIII/2022 tanggal           JKT/DIR-LGL03.3/VIII/2022 dated August 1, 2022
    1 Agustus 2022, perjanjian ini berlaku hingga            and valid until December 31, 2023. This agreement
    31 Desember 2023. Perjanjian ini telah                   has been updated with addendum VI No. 001/HRT-
    diperbaharui dengan adendum VI No. 001/HRT-              JKT/DIR-LGL.03.3/I/2025 dated January 2, 2025.
    JKT/DIR-LGL.03.3/I/2025 tanggal 2 Januari 2025.          This agreement is effective from January 1, 2025
    Perjanjian ini berlaku efektif sejak tanggal 1 Januari   to December 31, 2025. As at the completion date
    2025 sampai dengan 31 Desember 2025. Sampai              of the consolidated financial statements, the
    dengan tanggal penyelesaian laporan keuangan             amendment of such agreement is still in process.
    konsolidasian, perpanjangan perjanjian tersebut
    masih dalam proses.
Page 305
PT HASNUR INTERNASIONAL SHIPPING TBK                          PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                  AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                  Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                         For the Years Ended
31 Desember 2025 dan 2024                                                       December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                       (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                           unless Otherwise Stated)


    Berdasarkan perjanjian No. 0745a/HJI-JKT/DIR-            Based on agreement No. 0745a/HJI-JKT/DIR-
    LG033.55/V-2025 tanggal 28 Mei 2025, BJS                 LG033.55/V-2025 dated May 28, 2025, BJS
    mengadakan perjanjian penyedia jasa kegiatan             entered into an agreement for the service provider
    bongkar muat batubara di terminal khusus                 of coal loading and unloading activities at a special
    batubara Pendang dengan HJI.                             terminal for coal in Pendang with HJI.

    Berdasarkan perjanjian No. 0375a/HJI-JKT/DIR-            Based on agreement No. 0375a/HJI-JKT/DIR-
    LG03.5/VI-2022 tanggal 1 Juni 2022, HMS                  LG03.5/VI-2022 dated June 1, 2022, HMS entered
    mengadakan perjanjian penyedia jasa kegiatan             into an agreement for the service provider of coal
    bongkar muat batubara di terminal khusus                 loading and unloading activities at a special
    batubara Pendang dengan HJI. Perjanjian ini telah        terminal for coal in Pendang with HJI. This
    diperbaharui     dengan         amendemen           II   agreement has been updated with amendment II
    No. 002a/HMS-JKT/DIR-LGL03.3/I/2024 tanggal              No. 002a/HMS-JKT/DIR-LGL03.3/I/2024 dated
    29 Januari 2024. Perjanjian ini berlaku efektif sejak    January 29, 2024. This agreement is effective from
    tanggal 1 Januari 2024 sampai dengan                     January 1, 2024 to December 31, 2024.
    31 Desember 2024.

    Berdasarkan perjanjian No. 1024a/HJI-JKT/DIR-            Based on agreement No. 1024a/HJI-JKT/DIR-
    LG033.6/XII-2020 tanggal 1 Desember 2020, HMS            LG033.6/XII-2020 dated December 1, 2020, HMS
    mengadakan perjanjian penyedia jasa kegiatan             entered into an agreement for the service provider
    bongkar muat batubara di terminal khusus                 of coal loading and unloading activities at a special
    batubara Sungai Puting dengan HJI. Perjanjian ini        terminal for coal in Sungai Puting with HJI. This
    telah diperbaharui dengan amendemen VII                  agreement has been updated with amendment VII
    No. 010/HMS-JKT/DIR-LGL03.3/XII/2024 tanggal             No. 010/HMS-JKT/DIR-LGL03.3/XII/2024 dated
    31 Desember 2024. Perjanjian ini berlaku efektif         December 31, 2024. This agreement is effective
    sejak tanggal 1 Januari 2025 sampai dengan               from January 1, 2025 to December 31, 2025. As at
    31 Desember 2025. Sampai dengan tanggal                  the completion date of the consolidated financial
    penyelesaian laporan keuangan konsolidasian,             statements, the amendment of such agreement is
    perpanjangan perjanjian tersebut masih dalam             still in process.
    proses.

   Pada tanggal 2 Januari 2024, HJI dan HRT                  On January 2, 2024, HJI and HRT signed an
   menandatangani perjanjian No. 002/HRT-JKT/DIR-            agreement No. 002/HRT-JKT/DIR-LGL03.3/II/2024
   LGL03.3/II/2024 tentang kerja sama penyediaan             regarding cooperation in the provision of tugboat
   jasa tugboat assist di terminal khusus Sungai             assist services at the Sungai Puting special
   Puting. HJI menunjuk HRT sebagai penyedia jasa            terminal. HJI appointed HRT as a provider of
   tugboat assist dan HRT setuju untuk menyediakan           tugboat assist services and HRT agreed to provide
   jasa tugboat guna mendukung kegiatan loading              tugboat services to support coal loading activities in
   Batubara di Sungai Puting. Perjanjian ini berlaku         Sungai Puting. This agreement is valid for 2 years
   efektif selama 2 tahun terhitung sejak 1 Januari          from January 1, 2024 to December 31, 2025.
   2024 hingga 31 Desember 2025.

    Selama 2025 dan 2024, pendapatan dari HJI                During 2025 and 2024, revenues from HJI
    berupa pemuatan batubara, bantuan atas jasa              represent coal loading, assistance of loading and
    bongkar-muat dan tugboat yang disediakan oleh            unloading services and tugboat assistance
    HRT      dan   HMS       masing-masing    sebesar        provided to HRT and HMS amounted to
    Rp28.730.553.851 dan Rp31.808.876.716. Pada              Rp28,730,553,851        and      Rp31,808,876,716,
    tanggal 31 Desember 2025 dan 2024, saldo                 respectively. As at December 31, 2025 and 2024,
    terutang dari transaksi ini adalah sebesar               the outstanding balance from this transaction
    Rp11.661.481.448        dan     Rp10.204.041.447,        amounting       to      Rp11,661,481,448       and
    disajikan sebagai “Piutang Usaha - Pihak Berelasi”       Rp10,204,041,447, respectively, are presented as
    dalam laporan posisi keuangan konsolidasian.             “Trade Receivables - Related Party” in the
                                                             consolidated financial position.
Page 306
PT HASNUR INTERNASIONAL SHIPPING TBK                           PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                   AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                   Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                          For the Years Ended
31 Desember 2025 dan 2024                                                        December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                        (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                            unless Otherwise Stated)


    Selama 2025 dan 2024, beban pokok pendapatan              During 2025 and 2024, cost of revenue of HJI
    dari HJI berupa biaya sewa mess dan kantor,               represent mess and office rent, utilities expense,
    biaya air dan listrik, biaya surcharge, dan biaya         surcharge fee and rent of heavy equipment
    sewa    alat   berat     masing-masing    sebesar         amounted to Rp826,800,000 and Rp860,600,000,
    Rp826.800.000 dan Rp860.600.000 dan disajikan             respectively, and were presented as part of “Cost
    sebagai “Beban Pokok Pendapatan - Biaya                   of Revenues - Port fee” in the consolidated
    pelabuhan” pada laporan laba rugi dan                     statements of profit or loss and other
    penghasilan komprehensif lain konsolidasian.              comprehensive income. There was no outstanding
    Saldo terutang dari transaksi pada 31 Desember            balance from this transaction as at December 31,
    2025 dan 2024.                                            2025 and 2024.

   PT Magma Sigma Utama (MSU)                                 PT Magma Sigma Utama (MSU)

    Berdasarkan perjanjian No. 0730/HRT-JKT/DIR-              Based on agreement No. 0730/HRT-JKT/DIR-
    LG035.1/VI-2020 tanggal 30 Juni 2020, pinjaman            LG035.1/VI-2020 dated June 30, 2020, due from
    MSU sebesar Rp207.174.000 merupakan pinjaman              MSU amounting to Rp207,174,000 represents loan
    yang diberikan oleh Perusahaan untuk keperluan            provided by the Company for capital expenditures
    belanja modal sebagai tambahan dana. Pinjaman             purposes as additional funds. This receivable bears
    ini dikenakan bunga 9,5% per tahun dan telah jatuh        interest of 9.5% per annum and mature on June 30,
    tempo pada tanggal 30 Juni 2021. Perjanjian ini           2021. This agreement has been updated with
    telah    diperbarui  dengan     amendemen        III      amendment         III   No.     021/HRT-JKT/DIR-
    No.     021/HRT-JKT/DIR-LGL03.3/VI/2023       atas        LGL03.3/VI/2023 to extend the loan repayment
    perpanjangan jangka waktu pembayaran pinjaman             period to July 1, 2024.
    menjadi 1 Juli 2024.

    Efektif pada tanggal 27 Agustus 2024, sesuai              Effective on August 27, 2024, according to letter
    dengan surat No. 041/HRT-JKT/DIR-UM06/                    No.      041/HRT-JKT/DIR-UM06/VIII/2024,     the
    VIII/2024, Perusahaan menyetujui penghapusan              Company agreed to write-off interest on the
    bunga atas piutang senilai Rp45.310.103.                  receivables amounting to Rp45,310,103.


25. Manajemen Risiko Keuangan dan Pengelolaan              25. Financial Risk       Management         and     Capital
    Modal                                                      Management

   Manajemen Risiko Keuangan                                  Financial Risks Management

   Grup mendefinisikan risiko keuangan sebagai                The Group defines financial risk as the possibility of
   kemungkinan kerugian atau laba yang hilang, yang           losses or profits foregone, which may be caused by
   disebabkan oleh faktor internal dan eksternal yang         internal or external factors which might have
   berpotensi negatif terhadap pencapaian tujuan              negative potential impact to the achievement of the
   Grup.                                                      Group’s objectives.

   Dalam menjalankan aktivitas operasi, investasi dan         In its operating, investing and financing activities
   pendanaan, Grup menghadapi risiko keuangan                 the Group are exposed to the following financial
   yaitu: risiko kredit, risiko suku bunga dan risiko         risks: credit risk, interest rate risk and liquidity risk.
   likuiditas.

   a.   Risiko kredit                                         a. Credit risk

        Grup mengelola risiko kredit yang terkait                The Group manages credit risk exposed from its
        dengan kas di bank dengan memonitor                      cash in banks by monitoring bank’s reputation
        reputasi dan peringkat kredit bank. Aset                 and credit rating. The financial assets that
        keuangan Grup yang memiliki potensi                      potentially subject the Group to significant
        konsentrasi secara signifikan risiko kredit pada         concentrations of credit risk consist principally of
        dasarnya terdiri dari bank, piutang usaha,               cash in banks, trade receivables, other
        piutang lain-lain dan piutang pihak-pihak                receivables and due from related parties. The
        berelasi. Grup memiliki kebijakan kredit dan             Group has in place credit policies and
        prosedur untuk memastikan berlangsungnya                 procedures to ensure the ongoing credit
        evaluasi kredit dan pemantauan akun secara               evaluation and active account monitoring.
        aktif.
Page 307
PT HASNUR INTERNASIONAL SHIPPING TBK                                            PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                                    AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                    Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                           For the Years Ended
31 Desember 2025 dan 2024                                                                         December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                                         (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                             unless Otherwise Stated)


        Risiko kredit Grup timbul dari kegagalan bayar                             The Group’s exposure to credit risk arises from
        pihak lain, dengan risiko maksimum sama                                    default of other parties, with maximum exposure
        dengan jumlah tercatat instrumen tersebut.                                 equal to the carrying amount of these
        Pada tanggal laporan posisi keuangan                                       instruments. At the consolidated statements of
        konsolidasian, tidak terdapat konsentrasi risiko                           financial position date, there were no significant
        kredit secara signifikan.                                                  concentrations of credit risk.

        Tabel berikut ini menunjukkan informasi                                    The following table provides information
        mengenai eksposur risiko kredit berdasarkan                                regarding the credit risk exposure based on
        evaluasi penurunan nilai pada aset keuangan                                impairment assesment on the Group’s financial
        Grup per tanggal 31 Desember 2025 dan                                      assets as at December 31, 2025 and 2024:
        2024:
                                                          31 Desember 2025/December 31, 2025

                               Belum jatuh                           Telah jatuh
                             tempo maupun                            tempo dan
                               mengalami                             mengalami
                             penurunan nilai/                        penurunan     Penyisihan atas
                                 Neither          Telah jatuh           nilai/     penurunan nilai/
                                past due            tempo/            Past due      Provision for            Total/
                              nor impaired         Past due         and impaired     impairment              Total

        Bank                 122.843.053.705                  -                -                   -     122.843.053.705   Cash in banks
        Piutang usaha         58.874.523.568    125.436.600.064                -     (10.466.337.063 )   173.844.786.569   Trade receivables
        Piutang dari pihak                                                                                                 Due from a related
           berelasi              572.657.609                    -              -                    -        572.657.609      party
        Piutang lain-lain      2.204.192.193                    -              -                    -      2.204.192.193   Other receivables

        Total                184.494.427.075    125.436.600.064                -     (10.466.337.063 )   299.464.690.076   Total



                                                          31 Desember 2024/December 31, 2024

                               Belum jatuh                           Telah jatuh
                             tempo maupun                            tempo dan
                               mengalami                             mengalami
                             penurunan nilai/                        penurunan     Penyisihan atas
                                 Neither          Telah jatuh           nilai/     penurunan nilai/
                                past due            tempo/            Past due      Provision for            Total/
                              nor impaired         Past due         and impaired     impairment              Total

        Bank                 164.732.785.932                  -                -                   -     164.732.785.932   Cash in banks
        Piutang usaha         58.181.602.573    127.410.740.738                -      (3.188.624.284 )   182.403.719.027   Trade receivables
        Piutang lain-lain      2.625.986.695                  -                -                   -       2.625.986.695   Other receivables

        Total                225.540.375.200    127.410.740.738                -      (3.188.624.284 )   349.762.491.654   Total



   b.   Risiko suku bunga                                                     b. Interest rate risk

        Grup dibiayai melalui pinjaman pinjaman bank                               The Group is financed through long-term bank
        jangka panjang dan pinjaman lainnya seperti                                loans and other borrowings such as loans from
        pinjaman dari pihak-pihak berelasi.                                        related parties.

        Oleh karena itu, Grup terekspos terhadap                                   Therefore, the Group is exposed to market risk
        risiko pasar untuk perubahan tingkat suku                                  for changes in interest rates primarily related to
        bunga terkait terutama terhadap kewajiban                                  long-term borrowing obligations and interest-
        pinjaman jangka panjang dan aset dan                                       bearing assets and liabilities.
        kewajiban berbunga.

        Tabel berikut menunjukkan nilai tercatat, dari                             The following table sets out the carrying
        jatuh tempo, instrumen keuangan Grup yang                                  amount, by maturity, of the Group financial
        terdapat risiko suku bunga:                                                instruments that are exposed to interest rate
                                                                                   risk:
Page 308
PT HASNUR INTERNASIONAL SHIPPING TBK                                     PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                             AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                             Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                    For the Years Ended
31 Desember 2025 dan 2024                                                                  December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                                  (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                      unless Otherwise Stated)


        Suku bunga mengambang                                              Floating rate

                                                31 Desember 2025/December 31, 2025

                                                                      Lebih dari
                              Dalam 1 tahun/       1-2 tahun/       2 tahun/More            Total/
                               Within 1 year       1-2 years        than 2 years            Total

        Liabilitas Keuangan                                                                             Financial Liability
        Pinjaman bank
           jangka panjang      80.189.120.788     73.762.720.783    365.568.980.071   519.520.821.642   Long-term bank loan


                                                31 Desember 2024/December 31, 2024

                                                                      Lebih dari
                              Dalam 1 tahun/       1-2 tahun/       2 tahun/More            Total/
                               Within 1 year       1-2 years        than 2 years            Total

        Liabilitas Keuangan                                                                             Financial Liability
        Pinjaman bank
           jangka panjang      54.930.247.797     98.371.604.001     94.252.771.315   247.554.623.113   Long-term bank loan



        Grup menganalisis tingkat suku bunga mereka                        The Group analyses its interest rate exposure
        secara dinamis. Berbagai skenario simulasi                         on a dynamic basis. Various scenarios are
        dengan    mempertimbangkan       pembiayaan                        simulated taking into consideration refinancing,
        kembali, pembaharuan posisi yang ada dan                           renewal of existing positions and alternative
        pendanaan alternatif. Berdasarkan skenario                         financing. Based on these scenarios, the Group
        tersebut, Grup menghitung dampak pada                              calculates the impact on consolidated
        laporan   laba    rugi    dan    penghasilan                       statements of profit or loss and other
        komprehensif    lain    konsolidasian   dari                       comprehensive income of a defined interest rate
        perubahan suku bunga yang ditetapkan.                              shift. The Group’s long-term bank loans are
        Pinjaman bank jangka panjang Grup adalah                           denominated in Indonesian Rupiah.
        dalam mata uang Rupiah.

        Pada tanggal 31 Desember 2025, jika tingkat                        As at December 31, 2025, if the interest rates of
        suku bunga pinjaman meningkat/menurun                              the loans have been 50 basis points
        sebesar 50 basis poin dengan semua variabel                        higher/lower with all other variables held
        konstan, laba sebelum beban (manfaat) pajak                        constant, the income before tax expense
        untuk tahun yang berakhir pada tanggal                             (benefit) for the year then ended would have
        tersebut    lebih   rendah/tinggi   sebesar                        been Rp1,311,939,763 lower/higher, mainly as
        Rp1.311.939.763 terutama sebagai akibat                            a result of higher/lower interest expense on
        kenaikan/penurunan     biaya   bunga   atas                        loans with floating interest rates.
        pinjaman dengan tingkat bunga mengambang.

   c.   Risiko likuiditas                                               c. Liquidity risk

        Grup dapat terekspos terhadap risiko likuiditas                    The Group is exposed to liquidity risk if there is
        apabila ada perbedaan waktu signifikan antara                      significant mismatch in the timing difference
        penerimaan piutang dengan penyelesaian                             between the collection of receivables and
        utang dan pinjaman.                                                settlement of payables and borrowings.

        Grup mengelola risiko likuiditas dengan                            The Group manages the liquidity risk by
        pengawasan proyeksi arus kas dan arus kas                          ongoing monitoring over the projected and
        aktual secara berkesinambungan serta                               actual cash flow as well as the adequacy of
        menjaga kecukupan kas dan setara kas dan                           cash and cash equivalent and available credit
        fasilitas pinjaman yang tersedia. Risiko ini juga                  facilities. This risk is also minimized by
        diminimalisir dengan mengelola berbagai                            managing diversified funding resources from
        sumber pembiayaan dari para pemberi                                reliable quality lenders.
        pinjaman yang dapat diandalkan.
Page 309
PT HASNUR INTERNASIONAL SHIPPING TBK                                                    PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                                            AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                            Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                   For the Years Ended
31 Desember 2025 dan 2024                                                                                 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                                                 (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                                     unless Otherwise Stated)


       Analisis tabel berikut adalah rincian liabilitas                                   The following table analysis are the breakdown
       keuangan berdasarkan jatuh tempo:                                                  of financial liabilities by its maturity:
                                                         31 Desember 2025/December 31, 2025

                                                                                     Lebih dari
                                     Dalam 1 tahun/            1-2 tahun/          2 tahun/More          Total/
                                      Within 1 year            1-2 years           than 2 years          Total

       Liabilitas Keuangan                                                                                               Financial Liabilities
       Utang usaha                    100.789.260.728                       -                     -    100.789.260.728   Trade payables
       Utang lain-lain                     10.540.611                       -                     -         10.540.611   Other payables
       Utang kepada pihak berelasi        768.232.959                       -                     -        768.232.959   Due to related parties
       Liabilitas yang masih
           harus dibayar                34.702.042.214                      -                     -     34.702.042.214   Accrued liabilities
       Pinjaman bank
           jangka panjang               80.189.120.788         73.762.720.783       365.568.980.071    519.520.821.642   Long-term bank loans
       Liabilitas sewa                   8.444.339.130         15.765.216.034                     -     24.209.555.164   Lease liabilities

       Total                          224.903.536.430          89.527.936.817       365.568.980.071    680.000.453.318   Total




                                                         31 Desember 2024/December 31, 2024

                                                                                     Lebih dari
                                     Dalam 1 tahun/            1-2 tahun/          2 tahun/More          Total/
                                      Within 1 year            1-2 years           than 2 years          Total

       Liabilitas Keuangan                                                                                               Financial Liabilities
       Utang usaha                      97.203.315.943                      -                     -     97.203.315.943   Trade payables
       Utang lain-lain                      18.694.596                      -                     -         18.694.596   Other payables
       Liabilitas yang masih
           harus dibayar                34.351.444.857                      -                     -     34.351.444.857   Accrued liabilities
       Pinjaman bank
           jangka panjang               54.930.247.797         98.371.604.001        94.252.771.315    247.554.623.113   Long-term bank loans
       Liabilitas sewa                  10.889.859.809         34.138.656.111                     -     45.028.515.920   Lease liabilities

       Total                          197.393.563.002         132.510.260.112        94.252.771.315    424.156.594.429   Total




   Pengelolaan Modal                                                                  Capital Management

   Grup bertujuan mencapai struktur modal yang                                        The Group aims to achieve an optimal capital
   optimal untuk memenuhi tujuan usaha, diantaranya                                   structure in pursuit of its business objectives, which
   dengan mempertahankan rasio modal yang sehat                                       include maintaining healthy capital ratios and
   dan maksimalisasi nilai pemegang saham.                                            maximizing shareholders value.

   Kebijakan Grup adalah untuk menjaga rasio modal                                    The Group’s policy is to maintain a healthy capital
   yang sehat dalam rangka untuk mengamankan                                          structure in order to secure access to finance at a
   pembiayaan pada biaya yang wajar.                                                  reasonable cost.

   Konsisten dengan entitas lain dalam industri yang                                  Consistent with others in the industry, the Group
   sama, Grup memonitor permodalan berdasarkan                                        monitors capital on the basis of the gearing ratio.
   rasio gearing. Rasio ini dihitung dengan membagi                                   This ratio is calculated as net debt divided by total
   jumlah utang neto dengan jumlah modal. Utang                                       capital. Net debt is calculated as total borrowings
   neto dihitung dari jumlah pinjaman (termasuk                                       (including “current and non-current” borrowings as
   pinjaman “jangka pendek dan jangka panjang”                                        shown in the statement of financial position). Total
   yang disajikan pada laporan posisi keuangan).                                      capital is calculated as “equity” as shown in the
   Jumlah modal dihitung dari “ekuitas” seperti yang                                  consolidated statement of financial position plus net
   ada pada laporan posisi keuangan ditambah utang                                    debt.
   neto.
Page 310
PT HASNUR INTERNASIONAL SHIPPING TBK                                     PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                             AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                             Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                    For the Years Ended
31 Desember 2025 dan 2024                                                                  December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                                  (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                      unless Otherwise Stated)


    Gearing ratio pada tanggal 31 Desember 2025 dan                     The gearing ratio as at December 31, 2025 and
    2024 adalah sebagai berikut:                                        2024 are as follows:
                                                    2025                 2024

    Pinjaman bank                             519.520.821.642       247.554.623.113 Bank loans
    Ekuitas                                   838.858.464.545       762.450.402.148 Equity

    Rasio pinjaman - bersih
      terhadap modal                                   61,93%                32,47% Net debt to equity ratio



    Manajemen      memantau          modal     dengan                   Management monitors capital using several
    menggunakan       beberapa      ukuran   leverage                   financial leverage measurements such as debt to
    keuangan seperti rasio utang terhadap ekuitas.                      equity ratio.


26. Nilai Wajar Aset dan Liabilitas Keuangan                        26. Fair Value of Financial Assets and Liabilities

    PSAK 107, “Instrumen Keuangan: Pengungkapan”                        PSAK 107, “Financial Instruments: Disclosures”,
    mensyaratkan pengungkapan atas pengukuran                           require disclosure of fair value measurements by
    nilai wajar dengan tingkat hierarki nilai wajar                     level of the following fair value measurement
    sebagai berikut:                                                    hierarchy:
     a. Tingkat 1 : Harga dikutip (tidak disesuaikan)           :        a.   Level 1 : Quoted prices (unadjusted) in active
          dari pasar yang aktif untuk aset atau liabilitas                    markets for identical assets or liabilities;
          yang identik;
     b. Tingkat 2 : Input selain harga yang dikutip                     b.      Level 2 : Inputs other than quoted prices
          dari pasar yang disertakan pada tingkat                               included within level 1 that are observable
          1 yang dapat diobservasi untuk aset dan                               for the asset or liability, either directly or
          liabilitas, baik secara langsung atau secara                          indirectly; and
          tidak langsung; dan
     c. Tingkat 3 : Input untuk aset atau liabilitas                    c.      Level 3 : Inputs for the asset or liability that
          yang tidak didasarkan pada data pasar yang                            are not based on observable market data.
          dapat diobservasi.

    Nilai tercatat (berdasarkan jumlah nosional) kas                    The carrying amounts (based on notional amounts)
    dan setara kas, piutang usaha, piutang dari pihak                   of cash and cash equivalent, trade receivables, due
    berelasi, piutang lain-lain, utang usaha, utang lain-               from a related party, other receivables, trade
    lain, liabilitas yang masih harus dibayar, dan utang                payables, other payables, accrued liabilities, and
    kepada pihak berelasi yang jatuh tempo dalam satu                   due to related parties in the financial statements
    tahun dalam laporan posisi keuangan mendekati                       reasonably approximate their fair values because
    nilai wajarnya karena merupakan jangka pendek.                      they are short-term in nature. Due from a related
    Piutang pihak berelasi dan utang kepada pihak-                      party and due to related parties are not stated at
    pihak berelasi tidak dinyatakan berdasarkan harga                   quoted market price and whose fair value cannot
    pasar dan yang nilai wajarnya tidak dapat diukur                    be reliably measured without incurring excessive
    secara andal tanpa menimbulkan biaya berlebihan,                    costs, are carried at their nominal amounts less any
    dicatat sebesar jumlah nominal dikurangi kerugian                   impairment losses.
    penurunan nilai.

    Pinjaman bank jangka panjang adalah kewajiban                       Long-term bank loans are liabilities with interest
    dengan suku bunga yang disesuaikan dengan                           rates which are adjusted with the movements of
    pergerakan suku bunga pasar, sehingga nilai                         market interest rates, thus the carrying values of
    tercatat liabilitas keuangan tersebut mendekati nilai               the financial liabilities approximates their fair
    wajarnya.                                                           values.
Page 311
PT HASNUR INTERNASIONAL SHIPPING TBK                                                  PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                                          AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                          Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                 For the Years Ended
31 Desember 2025 dan 2024                                                                               December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                                               (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                                   unless Otherwise Stated)


27. Laba Per Saham                                                          27. Earnings Per Share

   Perhitungan laba per saham dasar adalah sebagai                                   The computation of basic earnings per share is as
   berikut:                                                                          follows:
                                                                    Rata-rata
                                                                   Tertimbang
                                                                  Saham Biasa
                                         Laba Tahun              yang Beredar/
                                          Berjalan/             Weighted-Average
                                       Total Income for        Number of Ordinary         Laba per Saham/
         Tahun                             the Year            Shares Outstanding        Earnings per Share              Year
                                   _______________________
   31 Desember 2025                         87.134.579.317           2.626.250.000                     33,18      December 31, 2025


   31 Desember 2024                        120.968.356.094           2.626.250.000                     46,06      December 31, 2024



   Grup tidak memiliki efek berpotensi saham biasa                                   The Group has no outstanding dilutive
   yang bersifat dilutif pada tanggal 31 Desember                                    potential ordinary shares as at December 31, 2025
   2025 dan 2024 dan oleh karenanya, laba per                                        and 2024, and accordingly, no diluted earnings per
   saham dilusian tidak dihitung dan disajikan pada                                  share is calculated and presented in the
   laporan laba rugi dan penghasilan komprehensif                                    consolidated statements of profit or loss and other
   lain konsolidasian.                                                               comprehensive income.


28. Informasi Segmen                                                        28. Segment Information
   Grup beroperasi di Indonesia dan memiliki dua                                 The Group operates in Indonesia and has two main
   divisi operasi utama yaitu pelayaran dan bongkar                              operating divisions, which are shipping and loading
   muat. Divisi-divisi tersebut menjadi dasar pelaporan                          unloading. Those divisions form the basis for the
   informasi segmen Grup.                                                        segment reporting of the Group.
                                                                    2025

                                                     Bongkar Muat/
                              Pelayaran/              Loading and                 Eliminasi/                  Total/
                               Shipping                Unloading                 Elimination                  Total

   PENDAPATAN NETO            851.847.364.096          37.579.500.531            (8.848.946.679)       880.577.917.948       NET REVENUES

   BEBAN POKOK
     PENDAPATAN               659.346.900.427          13.381.226.914            (8.848.946.679)       663.879.180.662       COST OF REVENUES

   LABA BRUTO                 192.500.463.669          24.198.273.617                          -       216.698.737.286       GROSS PROFIT

   BEBAN USAHA                 83.212.064.761             7.680.806.741                        -        90.892.871.502       OPERATING EXPENSES

   LABA USAHA                 109.288.398.908          16.517.466.876                          -       125.805.865.784       OPERATING INCOME

   PENGHASILAN (BEBAN)                                                                                                       OTHER INCOME
     LAIN-LAIN                                                                                                                   (EXPENSES)
   Pendapatan bunga              961.783.351              1.316.869.294                        -          2.278.652.645      Interest income
                                                                                                                             Gain on foreign
   Laba selisih kurs - neto      434.792.759                 162.250.000                       -              597.042.759        exchange - net
   Pendapatan jasa                                                                                                           Income agency
      keagenan - neto             254.471.762                         -                       -             254.471.762          services - net
   Beban bunga                (27.325.963.872)                        -                       -         (27.325.963.872)     Interest expense
   Lain-lain - neto            13.740.733.916             3.653.924.249        (17.446.079.899)-            (51.421.734)     Miscellaneous - net

   PENGHASILAN (BEBAN)                                                                                                       OTHER INCOME
     LAIN-LAIN - NETO         (11.934.182.084)            5.133.043.543        (17.446.079.899)        (24.247.218.440)        (EXPENSES) - NET


   LABA SEBELUM                                                                                                              INCOME BEFORE
     MANFAAT (BEBAN)                                                                                                            INCOME TAX
     PAJAK PENGHASILAN         97.354.216.824          21.650.510.419          (17.446.079.899)        101.558.647.344          BENEFIT (EXPENSE)

   BEBAN PAJAK                                                                                                               INCOME TAX
      PENGHASILAN                                                                                                               EXPENSE
   Kini - final                10.222.168.369                         -                        -        10.222.168.369       Final - current
   Kini - tidak final              56.652.994             3.337.254.485                                  3.393.907.479          Non final - current
   Pajak tahun sebelumnya                   -               790.537.261                        -           790.537.261       Prior year tax
   Tangguhan                                -                28.223.064                        -            28.223.064       Deferred

   Beban Pajak                                                                                                               Income Tax
     Penghasilan - Neto        10.278.821.363             4.156.014.810                        -        14.434.836.173          Expense - Net

   LABA TAHUN                                                                                                                INCOME
     BERJALAN                  87.075.395.461          17.494.495.609          (17.446.079.899)         87.123.811.171          FOR THE YEAR
Page 312
PT HASNUR INTERNASIONAL SHIPPING TBK                                                               PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                                                       AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                       Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                              For the Years Ended
31 Desember 2025 dan 2024                                                                                            December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                                                            (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                                                unless Otherwise Stated)

                                                                               2025

                                                                Bongkar Muat/
                                        Pelayaran/               Loading and                     Eliminasi/                Total/
                                         Shipping                 Unloading                     Elimination                Total

   PENGHASILAN (RUGI)                                                                                                                       OTHER COMPREHENSIVE
      KOMPREHENSIF LAIN                                                                                                                        INCOME (LOSS)
   Pos yang tidak akan                                                                                                                      Item that may not be
      direklasifikasi ke laba rugi:                                                                                                            reclassified to profit or loss:
   - Pengukuran kembali                                                                                                                     - Remeasurement of- employee
      liabilitas imbalan kerja             (298.445.131)                (76.916.602)                           -           (375.361.733)       benefits liabilities
   - Manfaat pajak                                                                                                                          - Related income tax
      penghasilan terkait                             -                  16.921.653                            -            16.921.653         expenses

   TOTAL PENGHASILAN                                                                                                                        TOTAL OTHER
     (RUGI) KOMPREHENSIF                                                                                                                      COMPREHENSIVE
     LAIN                                  (298.445.131)                (59.994.949)                           -           (358.440.080)      INCOME (LOSS)

   TOTAL LABA
     KOMPREHENSIF                                                                                                                           TOTAL COMPREHENSIVE
     TAHUN BERJALAN                     86.776.950.330            17.434.500.660               (17.446.079.899)       86.765.371.091          INCOME FOR THE YEAR

   LABA TAHUN BERJALAN
     YANG DAPAT                                                                                                                             INCOME FOR THE YEAR
     DIATRIBUSIKAN KEPADA:                                                                                                                     ATTRIBUTABLE TO:
     Pemilik entitas induk                                                                                            87.134.579.317           Owners of the parent entity
     Kepentingan nonpengendali                                                                                           (10.768.146)          Non-controlling interests

   TOTAL                                                                                                              87.123.811.171        TOTAL

   TOTAL LABA
     KOMPREHENSIF
     TAHUN BERJALAN                                                                                                                         TOTAL COMREHENSIVE
     DAPAT DIATRIBUSIKAN                                                                                                                      INCOME FOR THE YEAR
     KEPADA:                                                                                                                                  ATTRIBUTABLE TO:
     Pemilik entitas induk                                                                                            86.776.950.330          Owners of the parent entity
     Kepentingan nonpengendali                                                                                           (11.579.239)         Non-controlling interests

   TOTAL                                                                                                              86.765.371.091        TOTAL


   LABA PER SAHAM                                                                                                                           BASIC EARNINGS
     DASAR YANG                                                                                                                               PER SHARE
     DIATRIBUSIKAN KEPADA                                                                                                                     ATTRIBUTABLE TO
     ENTITAS                                                                                                                                  OWNERS OF THE
     INDUK                                                                                                                          33,18     PARENT ENTITY

   INFORMASI LAINNYA                                                                                                                        OTHER INFORMATION
   Aset Segmen                        1.291.961.613.721          471.859.357.460          (229.381.823.740)        1.534.439.147.441        Segment Assets

   Liabilitas Segmen                   512.822.327.775           186.231.345.032                (3.472.990.106)      695.580.682.701        Segment Liabilities

   Penyusutan                           73.381.938.207                  325.483.770                            -      73.707.421.977        Depreciation



   Informasi Lain atas                                                                                                                      Other Information on
      Pendapatan Neto                                                                                                                         Net Revenue
      (Pelanggan yang melebihi 10%                                                                                                            (Customers exceeding 10%
         dari total pendapatan neto):                                                                                                             of total net revenues):
                                                                            Bongkar muat/
                                                           Pelayaran/        Loading and              Total/
                                                            Shipping          unloading               Total
                                                                                       _____

   Pendapatan neto:                                                                                                Net revenues:
   PT Bhumi Rantau Energi                            453.692.432.131                       - 453.692.432.131       PT Bhumi Rantau Energi
   PT Kaltim Prima Coal                              132.416.344.078                       - 132.416.344.078       PT Kaltim Prima Coal
   PT Energi Batubara Lestari                         42.957.469.747                       - 42.957.469.747        PT Energi Batubara Lestari
                                                                                       _____

   Total                                             629.066.245.956                       - 629.066.245.956       Total
Page 313
PT HASNUR INTERNASIONAL SHIPPING TBK                                                       PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                                               AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                               Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                      For the Years Ended
31 Desember 2025 dan 2024                                                                                    December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                                                    (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                                        unless Otherwise Stated)

                                                                                2024

                                                            Bongkar Muat/
                                      Pelayaran/             Loading and                 Eliminasi/                Total/
                                       Shipping               Unloading                 Elimination                Total

   PENDAPATAN NETO                    984.244.847.935        43.847.192.463             (9.980.477.745)       1.018.111.562.653    NET REVENUES

   BEBAN POKOK
     PENDAPATAN                       767.674.646.371        17.882.429.694             (9.980.477.745)        775.576.598.320     COST OF REVENUES

   LABA BRUTO                         216.570.201.564        25.964.762.769                           -        242.534.964.333     GROSS PROFIT

   BEBAN USAHA                         84.016.360.036        12.174.815.765                           -         96.191.175.801     OPERATING EXPENSES

   LABA USAHA                         132.553.841.528        13.789.947.004                           -        146.343.788.532     OPERATING INCOME

   PENGHASILAN (BEBAN)                                                                                                             OTHER INCOME
     LAIN-LAIN                                                                                                                        (EXPENSES)
   Pendapatan bunga                     2.261.190.852           515.404.093                           -           2.776.594.945    Interest income
   Pendapatan jasa                                                                                                                 Income agency
     keagenan - neto                      267.759.993                       -                         -             267.759.993       services - net
   Beban bunga                        (17.707.556.385)                      -                         -         (17.707.556.385)   Interest expense
                                                                                                                                   Gain on foreign
   Laba selisih kurs - neto             4.271.506.050                     -                          -            4.271.506.050       exchange - net
   Lain-lain - neto                    11.355.419.829         2.847.416.220            (13.705.633.137)             497.202.912    Miscellaneous - net

   PENGHASILAN (BEBAN)                                                                                                             OTHER INCOME
     LAIN-LAIN - NETO                    448.320.339          3.362.820.313            (13.705.633.137)          (9.894.492.485)     (EXPENSES) - NET

   LABA SEBELUM                                                                                                                    INCOME
     MANFAAT (BEBAN)                                                                                                                  BEFORE INCOME TAX
     PAJAK PENGHASILAN                133.002.161.867        17.152.767.317        (13.705.633.137)            136.449.296.047        BENEFIT (EXPENSE)

   BEBAN PAJAK                                                                                                                     INCOME TAX
      PENGHASILAN                                                                                                                     EXPENSE
   Kini - final                        11.810.938.175                     -                           -         11.810.938.175     Final - current
   Kini - tidak final                     140.587.528         3.001.738.378                           -          3.142.325.906     Non final - current
   Tangguhan                                            -       209.454.317                           -            209.454.317     Deferred

   Beban Pajak                                                                                                                     Income Tax
     Penghasilan - Neto                11.951.525.703         3.211.192.695                           -         15.162.718.398        Expense - Net

   LABA TAHUN                                                                                                                      INCOME
     BERJALAN                         121.050.636.164        13.941.574.622        (13.705.633.137)            121.286.577.649        FOR THE YEAR


   PENGHASILAN (RUGI)                                                                                                              OTHER COMPREHENSIVE
      KOMPREHENSIF LAIN                                                                                                               INCOME (LOSS)
   Pos yang tidak akan                                                                                                             Item that may not be
      direklasifikasi ke laba rugi:                                                                                                   reclassified to profit or loss:
   - Pengukuran kembali                                                                                                            - Remeasurement of- employee
      liabilitas imbalan kerja           (187.614.773)          106.932.933                           -             (80.681.840)      benefits liabilities
   - Manfaat pajak                                                                                                                 - Related income tax
      penghasilan terkait                           -           (23.525.245)                              -         (23.525.245)      expenses

   TOTAL PENGHASILAN                                                                                                               TOTAL OTHER
     (RUGI) KOMPREHENSIF                                                                                                             COMPREHENSIVE
     LAIN                                (187.614.773)           83.407.688                           -            (104.207.085)     INCOME (LOSS)

   TOTAL LABA
     KOMPREHENSIF                                                                                                                  TOTAL COMPREHENSIVE
     TAHUN BERJALAN                   120.863.021.391        14.024.982.310        (13.705.633.137)            121.182.370.564     INCOME FOR THE YEAR

   LABA TAHUN BERJALAN
     YANG DAPAT                                                                                                                    INCOME FOR THE YEAR
     DIATRIBUSIKAN KEPADA:                                                                                                            ATTRIBUTABLE TO:
     Pemilik entitas induk                                                                                     120.968.356.094        Owners of the parent entity
     Kepentingan nonpengendali                                                                                     318.221.555        Non-controlling interests

   TOTAL                                                                                                       121.286.577.649     TOTAL

   TOTAL LABA
     KOMPREHENSIF
     TAHUN BERJALAN                                                                                                                TOTAL COMREHENSIVE
     DAPAT DIATRIBUSIKAN                                                                                                             INCOME FOR THE YEAR
     KEPADA:                                                                                                                         ATTRIBUTABLE TO:
     Pemilik entitas induk                                                                                     120.863.021.390       Owners of the parent entity
     Kepentingan nonpengendali                                                                                     319.349.174       Non-controlling interests

   TOTAL                                                                                                       121.182.370.564     TOTAL
Page 314
PT HASNUR INTERNASIONAL SHIPPING TBK                                                           PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                                                   AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                   Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                          For the Years Ended
31 Desember 2025 dan 2024                                                                                        December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                                                        (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                                            unless Otherwise Stated)

                                                                             2024

                                        Pelayaran/            Bongkar Muat/                  Eliminasi/                Total/
                                         Shipping           Loading Unloading               Elimination                Total

   LABA PER SAHAM                                                                                                                       BASIC EARNINGS
     DASAR YANG                                                                                                                           PER SHARE
     DIATRIBUSIKAN KEPADA                                                                                                                 ATTRIBUTABLE TO
     ENTITAS                                                                                                                              OWNERS OF THE
     INDUK                                                                                                                      46,06     PARENT ENTITY

   INFORMASI LAINNYA                                                                                                                    OTHER INFORMATION
   Aset Segmen                    1.164.049.163.135            210.180.019.753         (174.644.375.810)       1.199.584.807.078        Segment Assets



   Liabilitas Segmen                431.329.519.020              8.653.174.651              (2.848.288.741)      437.134.404.930        Segment Liabilities

   Penyusutan                           59.771.361.049                292.327.774                          -       60.063.688.823       Depreciation

   Informasi Lain atas                                                                                                                  Other Information on
      Pendapatan Neto                                                                                                                     Net Revenue
      (Pelanggan yang melebihi 10%                                                                                                        (Customers exceeding 10%
         dari total pendapatan neto):                                                                                                         of total net revenues):
                                                                          Bongkar muat/
                                                         Pelayaran/          Loading              Total/
                                                          Shipping          unloading             Total
                                                                                    _____

   Pendapatan neto:                                                                                            Net revenues:
   PT Bhumi Rantau Energi                            480.978.263.939                    - 480.978.263.939      PT Bhumi Rantau Energi
   PT Energi Batubara Lestari                        162.253.832.023                    - 162.253.832.023      PT Energi Batubara Lestari
   PT Kaltim Prima Coal                              114.991.498.845                    - 114.991.498.845      PT Kaltim Prima Coal
                                                                                    _____

   Total                                             758.223.594.807                    - 758.223.594.807      Total



   Kebijakan akuntansi segmen operasi adalah sama                                            The accounting policy of the operating segments is
   sebagaimana dijelaskan pada ikhtisar kebijakan                                            the same with the summary of material accounting
   akuntansi yang material pada Catatan 2.                                                   policies in Note 2.


29. Informasi Tambahan untuk Laporan Arus Kas                                        29. Supplementary Information for Cash Flows

   Rekonsiliasi aset yang timbul dari aktivitas investasi                                    Reconciliation of asset arising from investing
                                                                                             activities

   Tabel di bawah ini menjelaskan perubahan dalam                                             The table below details changes in the Group’s
   aset Grup yang timbul dari aktivitas investasi,                                            assets arising from investing activities, including
   termasuk perubahan yang timbul dari arus kas dan                                           both cash and non-cash changes.
   perubahan non-kas.
                                                                  2025                       2024
   Aset tetap - neto:                                                                                Property, plant and equipment - net:
   Saldo awal                                              645.755.026.116           447.567.545.325 Beginning balance

   Arus Kas                                                                                          Cash Flows
   Perolehan aset tetap                                    458.206.098.171           184.729.005.649 Acquisitions of property and equipment
   Pajak Pertambahan Nilai                                 (18.062.070.937)                        - Value Added Tax
   Pajak Penghasilan Pasal 23                                2.300.482.715                         - Income Tax Article 23
   Transaksi Non-Kas:                                                                                Non-Cash Transaction:
   Reklasifkasi dari
     uang muka                                              73.746.736.528            61.892.697.780 Reclasified from advance
   Depresiasi                                              (63.906.348.563)          (48.434.222.638) Depreciation

   Total                                                 1.098.039.924.030           645.755.026.116 Total
Page 315
PT HASNUR INTERNASIONAL SHIPPING TBK                                        PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                                AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                       For the Years Ended
31 Desember 2025 dan 2024                                                                     December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                                     (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                         unless Otherwise Stated)


   Rekonsiliasi     aktivitas    investasi    non-kas     yang             Reconciliation of significant non-cash investing
   signifikan                                                              activities
                                                         2025             2024
   Aktivitas investasi                                                                 Significant non-cash
     non-kas yang signifikan:                                                             investing activities
   Penambahan piutang dari                                                             Increase in due from a related party
     pihak berelasi atas transfer                                                         from transfer of employee
     liabilitas imbalan kerja                           572.657.609                 -     benefit obligations
   Penghapusan bunga piutang                                                           Write-off interest in due from
     pihak-pihak berelasi                                         -       (45.310.103)    related parties
   Pendapatan bunga                                                                    Interest in due from
     piutang pihak-pihak berelasi                                 -         3.412.350     related parties

   Rekonsiliasi liabilitas yang timbul dari aktivitas                      Reconciliation of liabilities arising from financing
   pendanaan                                                               activities

   Tabel di bawah ini menjelaskan perubahan dalam                          The table below details changes in the Group’s
   liabilitas Grup yang timbul dari aktivitas pendanaan,                   liabilities arising from financing activities, including
   termasuk perubahan yang timbul dari arus kas dan                        both cash and non-cash changes.
   perubahan non-kas.

                                                         2025              2024

   Pinjaman bank jangka panjang:                                                      Long-term bank loans:
   Saldo Awal                                    247.554.623.113       96.804.800.000 Beginning Balance
   Arus Kas:                                                                           Cash Flows:
   Penambahan pinjaman                                                                 Receipt of long-term
     bank jangka panjang                         333.365.322.312      193.041.620.000    bank loans
   Pembayaran pinjaman                                                                 Payments of long-term
     bank jangka panjang                          (61.399.123.783)    (42.291.796.887)   bank loans

   Saldo Akhir                                   519.520.821.642      247.554.623.113 Ending Balance

   Utang pihak-pihak berelasi:                                                        Due to related parties:
   Saldo awal                                                     -     3.353.664.508 Beginning balance

   Arus Kas:                                                                           Cash Flows:
   Pembayaran utang                                                                    Payments of due to
     pihak berelasi                                               -    (3.353.664.508)    related parties
   Transaksi Non-Kas:                                                                  Non-Cash Transaction:
   Penambahan utang pihak berelasi                                                     Increase in related party liabilities due to
     Atas transfer liabilitas imbalan kerja             768.232.959                 -     transfer of employee benefit obligations

   Saldo akhir                                          768.232.959                  - Ending balance

   Liabilitas sewa:                                                                   Lease liabilities:
   Saldo awal                                     45.028.515.920       55.009.179.030 Beginning balance

   Arus Kas:                                                                           Cash Flows:
   Pembayaran liabilitas sewa                                                          Payments of leasee liabilities
     Pokok                                         (9.239.139.904)     (9.980.663.110)   Principals
     Bunga                                         (3.028.602.031)     (4.419.336.889)   Interest
   Transaksi Non-Kas:                                                                  Non-Cash Transaction:
   Pengurangan liabilitas sewa                    (11.579.820.852)                  - Deduciton of lease liabilities
   Beban bunga                                      3.028.602.031       4.419.336.889 Interest expense

   Saldo akhir                                    24.209.555.164       45.028.515.920 Ending balance
Page 316
PT HASNUR INTERNASIONAL SHIPPING TBK                                      PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                              AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                              Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                     For the Years Ended
31 Desember 2025 dan 2024                                                                   December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                                   (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                       unless Otherwise Stated)


30. Aset dan Liabilitas Moneter dalam Mata Uang                    30. Monetary Assets and Liabilities in foreign
    Asing                                                              Currency

   Pada tanggal 31 Desember 2025, aset dan liabilitas                    As at December 31, 2025, the Group's monetary
   moneter Grup dalam mata uang asing adalah                             assets and liabilities in foreign currencies are as
   sebagai berikut:                                                      follows:

                                            Mata Uang
                                              Asing/                 Dalam Rupiah/
                                         Foreign Currency          Rupiah Equivalent

    Liabilitas                                                                              Liability
    Utang usaha                        SGD         1.391.600           18.272.302.012       Trade payables

    Analisis sensitivitas untuk risiko mata uang asing                  Sensitivity analysis for foreign exchange risk

    Pada tanggal 31 Desember 2025, jika nilai tukar                      As at December 31, 2025, if the exchange rates of
    Rupiah terhadap mata uang asing terapresiasi                         Rupiah against foreign currencies appreciated by
    sebanyak 10% dengan semua variabel lain                              10% with all other variables held constant, the
    konstan, laba sebelum beban (manfaat) pajak                          income before tax expense (benefit) for the year
    untuk tahun yang berakhir pada tanggal tersebut                      then ended would have been Rp1,827,230,201
    lebih tinggi sebesar Rp1.827.230.201, terutama                       higher, mainly as result of foreign exchange
    sebagai akibat kerugian/keuntungan translasi                         losses/gains on the translation net monetary
    liabilitas moneter neto dalam mata uang asing,                       liability denominated in foreign currencies, while, if
    sedangkan jika nilai tukar Rupiah terhadap mata                      the exchange rates of Rupiah against foreign
    uang asing terdepresiasi sebanyak 10%, maka                          currencies depreciated by 10%, the income before
    laba sebelum beban (manfaat) pajak untuk tahun                       tax expense (benefit) for the year then ended
    yang berakhir pada tanggal tersebut lebih rendah                     would have been Rp1,827,230,201 lower.
    sebesar Rp1.827.230.201.


31. Reklasifikasi Akun                                             31. Reclassification of Account

    Beberapa angka perbandingan dalam laporan arus                       Certain comparative figures in the consolidated
    kas konsolidasian untuk tahun yang berakhir pada                     cash flows statements for the year ended
    tanggal 31 Desember 2024 telah direklasifikasi                       December 31, 2024 has been reclassified to
    sesuai dengan penyajian laporan arus kas                             conform with the presentation of the consolidated
    konsolidasian untuk tahun yang berakhir pada                         cash flows statements for the year ended
    tanggal 31 Desember 2025.                                            December 31, 2025.

    Ikhtisar perubahan pada laporan arus kas                             The summary of changes to the 2024 consolidated
    konsolidasian tahun 2024 adalah sebagai berikut:                     cash flows statements are as follow:

                                           Tahun yang berakhir pada tanggal 31 Desember 2024/
                                                     Year ended December 31, 2024

                                          Disajikan
                                        sebelumnya/                               Direklasifikasikan
                                        As previously        Reklasifikasi/            kembali/
                                         presented          Reclassifications      As Reclassified

    ARUS KAS DARI                                                                                              CASH FLOWS FROM
      AKTIVITAS OPERASI                                                                                  OPERATING ACTIVITIES
    Penerimaan kas dari pelanggan       956.497.139.196        98.838.693.085      1.055.335.832.281    Cash receipts from customers
    Pembayaran kas kepada pemasok,                                                                       Cash payments to suppliers,
      karyawan dan lainnya              (727.125.365.731)      (60.756.160.342)     (787.881.526.073)        employees and others
      Pembayaran kas atas pajak          (16.931.026.785)      (38.082.532.743)      (55.013.559.528)        Cash payments of taxes
Page 317
PT HASNUR INTERNASIONAL SHIPPING TBK                                      PT HASNUR INTERNASIONAL SHIPPING TBK
DAN ENTITAS ANAKNYA                                                                              AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                              Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                     For the Years Ended
31 Desember 2025 dan 2024                                                                   December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                                   (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                       unless Otherwise Stated)


32. Peristiwa Setelah Periode Pelaporan                            32. Events After the Reporting Period

    Berdasarkan     Surat   Penawaran      Realisasi                    Based on the Financing Realization Offer Letter
    Pembiayaan No. 06/001/CM1-FOG/I/2026/MMQ                            No.       06/001/CM1-FOG/I/2026/MMQ             dated
    tanggal 07 Februari 2026, Perusahaan sepakat                        February 7, 2026, the Company agreed to enter
    mengadakan akad pembiayaan berdasarkan                              into a financing contract based on the principle of
    prinsip   Musyarakah   Mutanaqishah     dengan                      Musyarakah Mutanaqishah with PT Bank Syariah
    PT Bank Syariah Indonesia Tbk (“BSI”).                              Indonesia Tbk ("BSI"). The Company obtained a
    Perusahaan memperoleh fasilitas pinjaman dari                       loan facility from BSI in the form of a "Financing
    BSI dalam bentuk “Akad Pembiayaan” dengan                           Agreement" with a maximum financing amount of
    jumlah     maksimum     pembiayaan      sebesar                     Rp50,083,910,000 with nisbah sharing profit of
    Rp50.083.910.000 dengan nisbah bagi hasil                           31.90% of revenue. This credit facility is valid for a
    sebesar 31,90% dari pendapatan. Fasilitas kredit                    period of 68 months from the signing of the
    ini berlaku selama jangka waktu 68 bulan                            financing realization contract.
    terhitung sejak penandatanganan akad realisasi
    pembiayaan.

    Fasilitas pinjaman ini dijamin dengan tugboat,                      This loan facility is guaranteed by tugboats, barges
    tongkang dan piutang usaha.                                         and accounts receivable


33. Informasi Keuangan Tersendiri Perusahaan                       33. The Company’s Separate Financial Statements

    Informasi keuangan tersendiri Entitas Induk                         Separate financial information of the Parent Entity
    menyajikan informasi laporan posisi keuangan,                       presents statements of financial position,
    laporan laba rugi dan penghasilan komprehensif                      statements of profit or loss and other
    lain, laporan perubahan ekuitas dan laporan arus                    comprehensive income, change in equity and cash
    kas, dimana penyertaan saham pada entitas anak                      flows in which the investment in subsidiaries are
    dicatat dengan metode ekuitas.                                      recorded using the equity method.

    Informasi keuangan tersendiri Entitas Induk                         The separate financial information of the Parent
    disajikan sebagai lampiran pada laporan keuangan                    Entity are presented as attachment to these
    konsolidasian ini.                                                  consolidated financial statements.

    Beberapa angka perbandingan dalam laporan arus                      Certain comparative figures in the consolidated
    kas tersendiri Enitas Induk untuk tahun yang                        cash flows statements for the year ended
    berakhir pada tanggal 31 Desember 2024 telah                        December 31, 2024 has been reclassified to
    direklasifikasi sesuai dengan penyajian laporan                     conform with the presentation of the consolidated
    arus kas tersendiri Entitas Induk untuk tahun yang                  cash flows statements for the year ended
    berakhir pada tanggal 31 Desember 2025.                             December 31, 2025.

    Ikhtisar perubahan pada laporan arus kas tersendiri                 The summary of changes to the 2024 consolidated
    Entitas Induk tahun 2024 adalah sebagai berikut:                    cash flows statements are as follow:

                                           Tahun yang berakhir pada tanggal 31 Desember 2024/
                                                     Year ended December 31, 2024

                                          Disajikan
                                        sebelumnya/                              Direklasifikasikan
                                        As previously        Reklasifikasi/           kembali/
                                         presented          Reclassifications     As Reclassified

    ARUS KAS DARI                                                                                      CASH FLOWS FROM
      AKTIVITAS OPERASI                                                                                  OPERATING ACTIVITIES
    Penerimaan kas dari pelanggan       926.701.392.002        94.949.560.209     1.021.650.952.211    Cash receipts from customers
    Pembayaran kas kepada pemasok,                                                                     Cash payments to suppliers,
      karyawan dan lainnya              (713.518.455.094)     (57.980.563.032)     (771.499.018.126)     employees and others
    Pembayaran kas atas pajak            (11.250.536.805)     (36.968.997.177)      (48.219.533.982)   Cash payments of taxes
Page 318
Lampiran I                                                                                                Attachment I

PT HASNUR INTERNASIONAL SHIPPING TBK                             PT HASNUR INTERNASIONAL SHIPPING TBK
(ENTITAS INDUK)                                                                          (PARENT COMPANY)
Laporan Posisi Keuangan                                                       Statements of Financial Position
31 Desember 2025 dan 2024                                                         December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                        (Figures are Presented in Rupiah, unless otherwise
kecuali dinyatakan lain)                                                                                stated)



                                           2025                  2024

ASET                                                                          ASSETS

ASET LANCAR                                                                   CURRENT ASSETS
Kas dan setara kas                     55.780.837.788        55.688.456.323   Cash and cash equivalent
Piutang usaha - neto                  162.183.305.122       172.199.677.582   Trade receivables - net
Piutang lain-lain                       1.812.912.051         2.235.746.054   Other receivables
Persediaan                             11.468.214.281         8.741.090.504   Inventories
Beban dibayar dimuka                    4.307.850.417         3.707.305.076   Prepayment
Uang muka operasional                  11.635.680.541        10.275.519.631   Advance payments for operational
Pajak dibayar di muka                               -         1.877.284.095   Prepaid tax

TOTAL ASET LANCAR                     247.188.800.200       254.725.079.265 TOTAL CURRENT ASSETS

ASET TIDAK LANCAR                                                             NON-CURRENT ASSETS
                                                                              Advance for purchase of property,
Uang muka pembelian aset tetap         19.411.847.940        53.832.361.528      plant and equipment
Aset tetap - neto                     808.769.243.798       616.717.880.503   Property, plant and equipment - net
Aset Takberwujud - neto                 1.031.700.183                     -   Intangible assets - net
Aset hak guna - neto                   21.260.481.756        42.641.376.031   Right-of-use assets - net
Beban docking ditangguhkan - neto      45.984.827.933        62.128.103.574   Deferred charges on docking - net
Piutang dari pihak-pihak berelasi         572.657.609                     -   Due from related parties
Investasi pada entitas anak           147.742.054.302       134.004.362.234   Investment in subsidiaries

TOTAL ASET TIDAK                                                              TOTAL NON-CURRENT
  LANCAR                            1.044.772.813.521       909.324.083.870     ASSETS

TOTAL ASET                          1.291.961.613.721      1.164.049.163.135 TOTAL ASSETS




                                                  - 83 -
Page 319
Lampiran II                                                                                                 Attachment II

PT HASNUR INTERNASIONAL SHIPPING TBK                              PT HASNUR INTERNASIONAL SHIPPING TBK
(ENTITAS INDUK)                                                                           (PARENT COMPANY)
Laporan Posisi Keuangan                                                        Statements of Financial Position
31 Desember 2025 dan 2024                                                          December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                         (Figures are Presented in Rupiah, unless otherwise
kecuali dinyatakan lain)                                                                                 stated)




                                           2025                   2024

LIABILITAS DAN EKUITAS                                                         LIABILITIES AND EQUITY

LIABILITAS                                                                     LIABILITIES

LIABILITAS JANGKA PENDEK                                                    CURRENT LIABILITIES
Utang usaha                            99.668.459.772        96.351.834.346 Trade payables
Utang lain-lain                            10.540.611            18.694.596 Other payables
Liabilitas yang masih
   harus dibayar                       32.495.065.617        32.649.032.461 Accrued liabilities
Utang pajak                             5.070.366.616         3.766.262.059 Taxes payable
Utang kepada pihak-pihak
   berelasi                              768.232.959                       - Due to related parties
Bagian liabilitas jangka
   panjang yang jatuh tempo                                                 Current maturities of
   dalam satu tahun                                                           long-term liabilities
   Pinjaman bank                       80.189.120.788        54.930.247.797   Bank loans
   Liabilitas sewa                      8.444.339.130        10.889.859.809   Lease liabilities

TOTAL LIABILITAS                                                               TOTAL CURRENT
  JANGKA PENDEK                       226.646.125.493       198.605.931.068      LIABILITIES

LIABILITAS JANGKA PANJANG                                                      NON-CURRENT LIABILITIES
Liabilitas jangka panjang
   setelah dikurangi bagian yang                                            Long-term liabilities - net
   jatuh tempo dalam satu tahun                                               of current maturities
   Pinjaman bank                      263.388.468.553       192.624.375.316   Bank loans
   Liabilitas sewa                     15.765.216.034        34.138.656.111   Lease liabilities
Liabilitas imbalan kerja                7.022.517.695         5.960.556.525 Employee benefits liabilities

TOTAL LIABILITAS                                                               TOTAL NON-CURRENT
  JANGKA PANJANG                      286.176.202.282       232.723.587.952      LIABILITIES

TOTAL LIABILITAS                      512.822.327.775       431.329.519.020 TOTAL LIABILITIES

EKUITAS                                                                        EQUITY
Modal saham - nilai nominal                                                    Share capital - per value
  Rp100 per saham                                                                 Rp100 per share
Modal dasar - 8.400.000.000 saham                                              Authorized - 8,400,000,000 shares
Modal ditempatkan dan disetor                                                  Issued and fully paid -
5 penuh - 2.626.250.000 saham         262.625.000.000       262.625.000.000       2,626,250,000 share
Tambahan modal disetor                107.251.141.044       107.251.141.044    Additional paid-in capital
Saldo laba:                                                                    Retained earnings:
  - Dicadangkan                        52.525.000.000        52.525.000.000       - Appropriated
  - Tidak dicadangkan                 356.738.144.902       310.318.503.071       - Unappropriated

TOTAL EKUITAS                         779.139.285.946       732.719.644.115 TOTAL EQUITY

TOTAL LIABILITAS DAN                                                           TOTAL LIABILITIES AND
  EKUITAS                           1.291.961.613.721      1.164.049.163.135     EQUITY




                                                  - 84 -
Page 320
Lampiran III                                                                                               Attachment III

PT HASNUR INTERNASIONAL SHIPPING TBK                               PT HASNUR INTERNASIONAL SHIPPING TBK
(ENTITAS INDUK)                                                                          (PARENT COMPANY)
Laporan Laba Rugi dan Pendapatan Komprehensif                           Statements of Profit or Loss and Other
Lain                                                                                   Comprehensive Income
Untuk Tahun-tahun yang Berakhir                                                           For the Years Ended
31 Desember 2025 dan 2024                                                         December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                         (Figures are Presented in Rupiah,
kecuali dinyatakan lain)                                                              unless otherwise stated)




                                            2025                 2024

PENDAPATAN NETO                        851.847.364.096      984.244.847.935 NET REVENUES

BEBAN POKOK PENDAPATAN                 659.346.900.427      767.674.646.371 COST OF REVENUES

LABA BRUTO                             192.500.463.669      216.570.201.564 GROSS PROFIT

BEBAN USAHA                                                                 OPERATING EXPENSES
Umum dan administrasi                   83.212.064.761       84.016.360.036 General and administrative

LABA USAHA                             109.288.398.908      132.553.841.528 OPERATING INCOME

PENDAPATAN (BEBAN)                                                           OTHER INCOME
  LAIN-LAIN                                                                     (EXPENSES)
Laba dari entitas anak                  13.737.692.067       10.984.144.879 Profit of subsidiaries
Pendapatan bunga                           961.783.351        2.261.190.852 Interest income
Laba selisih kurs - neto                   434.792.759        4.271.506.050 Gain on foreign exchange - net
Pendapatan jasa                                                              Income agency services
  keagenan - neto                          254.471.762          267.759.993     - net
Beban bunga                            (27.325.963.872)     (17.707.556.385) Interest expense
Lain-lain - neto                             3.041.849          371.274.950 Miscellaneous - net

Penghasilan (beban) lain-lain - neto   (11.934.182.084)        448.320.339 Other income (expenses) - net

LABA SEBELUM BEBAN                                                            INCOME BEFORE INCOME
  PAJAK PENGHASILAN                     97.354.216.824      133.002.161.867     TAX EXPENSE

BEBAN PAJAK
   PENGHASILAN                                                              INCOME TAX EXPENSE
Final                                   10.222.168.369       11.810.938.175 Final
Tidak final                                 56.652.994          140.587.528 Non final

Beban Pajak Penghasilan                 10.278.821.363       11.951.525.703 Income Tax Expense

LABA TAHUN BERJALAN                     87.075.395.461      121.050.636.164 INCOME FOR THE YEAR

RUGI                                                                         OTHER COMPREHENSIVE
  KOMPREHENSIF LAIN                                                             LOSS
Pos yang tidak akan direklasifikasi                                          Item that may not be
  ke laba rugi:                                                                 reclassified to profit or loss:
  - Pengukuran kembali                                                       - Remeasurement of employee
     liabilitas imbalan kerja             (298.445.131)        (187.614.773)    benefit liabilities

TOTAL LABA KOMPREHENSIF                                                       TOTAL COMPREHENSIVE
  TAHUN BERJALAN                        86.776.950.330      120.863.021.391     INCOME FOR THE YEAR




                                                   - 85 -
Page 321
Lampiran IV                                                                                                        Attachment IV

PT HASNUR INTERNASIONAL SHIPPING TBK                                         PT HASNUR INTERNASIONAL SHIPPING TBK
(ENTITAS INDUK)                                                                                   (PARENT COMPANY)
Laporan Perubahan Ekuitas                                                              Statements of Changes in Equity
Untuk Tahun-tahun yang Berakhir                                                                    For the Years Ended
31 Desember 2025 dan 2024                                                                  December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                                  (Figures are Presented in Rupiah,
kecuali dinyatakan lain)                                                                       unless otherwise stated)



                                          Modal
                                    Ditempatkan dan      Tambahan             Saldo Laba/Retained Earnings
                                     Disetor Penuh/        Modal
                                     Share Capital -      Disetor/                                  Belum
                                       Issued and        Additional          Dicadangkan/        Dicadangkan/      Total Ekuitas/
                                        Fully Paid     Paid-in Capital       Appropriated       Unappropriated      Total Equity

Saldo 1 Januari 2024/
Balance as at January 1, 2024       262.625.000.000    107.251.141.044       49.547.731.645     244.905.225.035    664.329.097.724

Laba tahun berjalan/
Income for the year                                -                     -                  -   121.050.636.164    121.050.636.164

Rugi komprehensif
  lain tahun berjalan/
Other comprehensive loss
  for the year                                     -                     -                  -      (187.614.773)      (187.614.773 )

Pembentukan cadangan umum/
Appropriation of general reserves                  -                     -    2.977.268.355      (2.977.268.355)                    -

Dividen kas/
Cash dividends                                     -                     -                  -   (52.472.475.000)   (52.472.475.000 )

Saldo 31 Desember 2024/
Balance as at December 31, 2024     262.625.000.000    107.251.141.044       52.525.000.000     310.318.503.071    732.719.644.115

Laba tahun berjalan/
Income for the year                                -                     -                  -    87.075.395.461     87.075.395.461

Rugi komprehensif
  lain tahun berjalan/
Other comprehensive loss
  for the year                                     -                     -                  -      (298.445.131)      (298.445.131 )

Dividen kas/
Cash dividends                                     -                     -                  -   (40.357.308.499)   (40.357.308.499 )

Saldo 31 Desember 2025/
Balance as at December 31, 2025     262.625.000.000    107.251.141.044       52.525.000.000     356.738.144.902    779.139.285.946




                                                          - 86 -
Page 322
Lampiran V                                                                                             Attachment V

PT HASNUR INTERNASIONAL SHIPPING TBK                            PT HASNUR INTERNASIONAL SHIPPING TBK
(ENTITAS INDUK)                                                                      (PARENT COMPANY)
Laporan Arus Kas                                                                Statements of Cash Flows
Untuk Tahun-tahun yang Berakhir                                                       For the Years Ended
31 Desember 2025 dan 2024                                                     December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                     (Figures are Presented in Rupiah,
kecuali dinyatakan lain)                                                          unless otherwise stated)




                                        2025                  2024

ARUS KAS DARI AKTIVITAS                                              CASH FLOWS FROM
  OPERASI                                                              OPERATING ACTIVITIES
Penerimaan kas dari                                                  Cash receipts from
  pelanggan                       945.246.757.150 1.021.650.952.211    customers
Pembayaran kas kepada pemasok,                                       Cash payments to suppliers,
  karyawan dan lainnya           (679.455.195.348) (771.499.018.126)   employees and others
Pembayaran kas beban                                                 Cash payments for
  bunga                           (27.325.963.872)  (17.707.556.385)   interest expense
Pembayaran kas pajak              (40.289.221.601)  (48.219.533.982) Cash payments of tax
Penerimaan kas dari                                                  Cash receipts from
  pendapatan bunga                    961.783.351     2.261.190.852    interest income

Kas neto yang diperoleh dari                                                Net cash provided by
  aktivitas operasi               199.138.159.680       186.486.034.570       operating activities

ARUS KAS DARI AKTIVITAS                                                   CASH FLOWS FROM
  INVESTASI                                                                 INVESTING ACTIVITIES
Penurunan piutang                                                         Decrease in due
  dari pihak - pihak berelasi                     -        1.705.704.397    from related parties
                                                                          Acquisitions of property,
Perolehan aset tetap             (202.853.517.811)      (184.326.524.508)   plant and equipment
Penambahan beban docking                                                  Addition of deferred
  ditangguhkan                    (23.206.930.288)       (37.813.348.407)   charges on docking
Penambahan uang muka                                                      Addition of advance for
  pembelian aset tetap            (19.411.847.940)       (53.832.361.528)   purchase of fixed assets
Penambahan investasi pada                                                 Addition of investment in
  entitas anak                                    -      (84.999.600.000)   subsidiary

Kas neto yang digunakan                                                     Net cash used in
  untuk aktivitas investasi      (245.472.296.039)      (359.266.130.046)     investing activities

ARUS KAS DARI AKTIVITAS                                                  CASH FLOWS FROM
  PENDANAAN                                                                FINANCING ACTIVITIES
Penerimaan pinjaman bank          157.422.090.000       193.041.620.000 Receipts of bank loans
Pembayaran pinjaman bank          (61.399.123.773)      (42.291.796.887) Payments of bank loans
Pembayaran utang kepada
  pihak-pihak berelasi                          -         (4.170.392.343) Payments of due to related parties
Pembayaran kas dividen            (40.357.308.499)       (52.472.475.000) Payment of cash dividends
Pembayaran liabilitas sewa         (9.239.139.904)        (9.980.663.110) Payments of lease liabilities

Kas neto yang diperoleh dari                                                Net cash provided by
  aktivitas pendanaan              46.426.517.824        84.126.292.660       financing activities

KENAIKAN (PENURUNAN)                                                        NET INCREASE (DECREASE) IN
  NETO KAS DAN SETARA KAS              92.381.465        (88.653.802.816)     CASH AND CASH EQUIVALENT

KAS DAN KAS SETARA KAS                                                      CASH AND CASH EQUIVALENT
  PADA AWAL TAHUN                  55.688.456.323       144.342.259.139       AT BEGINNING OF YEAR

KAS DAN BANK                                                                CASH ON HAND AND
  PADA AKHIR TAHUN                 55.780.837.788        55.688.456.323       IN BANKS AT END OF YEAR




                                               - 87 -
Page 323

          
Page 324

          
Page 325

          
Page 326
2025
Laporan Tahunan
Annual Report




Office 8 Building, 3rd Floor
Jl. Senopati No. 8B, Senayan,
Kebayoran Baru
Jakarta 12190
Phone : +62 21 29 343 888
Fax : +62 21 29 343 777
Web : www.pthis.id

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Names mentioned 161 people and organisations named in the text · linked when the evidence is strong

linked org Hasnur Internasional Shipping Tbk. · Nama Perusahaan p.2 ×221
linked org Pemerintah Provinsi p.19
linked person Nur Prasetyo. · Commissioner p.23 ×21
linked person Laorentina Devi p.43 ×13
linked person Rahmad Pudjotomo p.43 ×12
linked person Zainal Hadi HAS HB p.44 ×14
linked org Nur Internasional p.58 ×11
linked — Nila Susanti p.58 ×4
linked — Yuni Abdi Nur Sulaiman p.58 ×3
linked org PT Hasnur Resources Terminal p.61 ×37
linked org Samudera Indonesia Tbk p.63 ×5
linked org Fajar Sejahtera p.74
linked org Putera Mulia p.75 ×2
linked org PT Pamapersada Nusantara p.76 ×3
linked org Bangun Karya p.76 ×2
linked org Surya Toto Indonesia Tbk p.78 ×5
linked org PT BCA Sekuritas p.81 ×3
possible org Otoritas Jasa Keuangan p.2 ×4
possible org Bursa Efek Indonesia p.16 ×9
possible person Hendra Iskandar Lubis · Komisaris Independen p.23 ×16
possible org PT Cumawis p.63 ×4
possible org Phillip Securities p.78 ×2
possible org Persada Sejahtera p.82 ×2
possible person Mr. Iwanho p.125 ×5
possible person Mr. Rickie p.130
possible — Program ESA p.167 ×2
unresolved org Financial Services Authority p.2 ×5
unresolved org PT Hasnur p.2 ×7
unresolved org Shipping Tbk p.2 ×2
unresolved org PT Hasnur Internasional p.2 ×5
unresolved org Greater Internasional Shipping Tbk p.5
unresolved person Cross Reference · Komisaris p.7
unresolved org Indonesia Stock Exchange p.16 ×7
unresolved org Pemerintah Provinsi Kalimantan Selatan p.19
unresolved org PT Wahana Kendali Mutu p.19 ×2
unresolved org Kementerian Perhubungan Directorate General of Sea Transportation p.20 ×6
unresolved org Ministry of Transportation Masa Berlaku Validity Period p.20 ×6
unresolved org Direktorat Jenderal Perhubungan Laut p.21
unresolved org PT Hasnur Multi Sinergi p.23 ×13
unresolved org PT Hasnur Resources p.23 ×2
unresolved org PT Multi p.23
unresolved org PT Multi Guna Maritim. p.23 ×5
unresolved org Hasnur Internasional Hasnur InternasionalShipping Shipping Tbk p.44 ×2
unresolved org Internasional Shipping Tbk p.45
unresolved org Kementerian Perhubungan p.49
unresolved org Ministry of Transportation p.49
unresolved org Menteri Perhubungan p.51
unresolved org Minister of Transportation Regulation p.51
unresolved org PT Nur Internasional Samudra p.58 ×11
unresolved person H. Rachmadi HAS Hasnuryadi Sulaiman SE Hasnuryani SE p.58 ×8
unresolved person Ira Sudjono · Notaris p.58 ×6
unresolved person Rengga Temenggung · Sekretaris Perusahaan p.59
unresolved org Menteri Hukum dan Hak Asasi Manusia p.60
unresolved org Minister of Law and Human Rights p.60
unresolved person Notary Hanafi p.60
unresolved person Akta Notaris Muhammad Hanafi p.60 ×2
unresolved org Kementerian p.60
unresolved person Notary Muhammad Hanafi p.60
unresolved org Ministry of Law and Human Rights p.60
unresolved org PT Hasnur Mitra Sarana p.61 ×14
unresolved org PT Barito Jaya Sarana p.61 ×8
unresolved org PT Hasnur Resources Shipping p.62
unresolved org PT Hasnur Mitra p.69 ×2
unresolved org PT Barito Putera p.74 ×3
unresolved org PT Hasnur Jaya Utama p.74 ×6
unresolved org PT Trikarsa Manunggal Jaya p.74 ×5
unresolved org PT Bhumi Rantau Energi p.74 ×7
unresolved org PT Energi Batubara Lestari p.74 ×4
unresolved org PT Magma Sigma Utama p.74 ×3
unresolved org PT Sinar Fajar Sejahtera p.74
unresolved org PT Barito Putera Docking p.74 ×5
unresolved org PT Hasnur Jaya Energi p.74 ×4
unresolved org PT Hasnur Jaya International p.74 ×7
unresolved org PT Yuni Nurhas p.74 ×2
unresolved org PT Barito Putera Industri p.74 ×3
unresolved org PT Radio Gema Oskar Lestari p.74 ×2
unresolved org PT Hasnur Jaya Tambang p.74 ×5
unresolved org PT Antang Surya Persada p.74 ×5
unresolved org PT Hasnur Jasa Terminal p.75 ×4
unresolved org PT Hasnur Cipta Karya p.75 ×5
unresolved org PT Barito Putera Plantation p.75 ×5
unresolved org PT Hasnur Graha Jaya p.75 ×4
unresolved org PT Hasnur Informasi Teknologi p.75 ×2
unresolved org PT Hasnur Sawit Jaya p.75 ×2
unresolved org PT Nur Sejahtera Utama p.75 ×5
unresolved org PT Gunung Mas Batubara Energi p.75 ×2
unresolved org PT Hasnur Citra Terpadu p.75 ×4
unresolved org Koperasi p.75
unresolved org PT Sinar Hasnur Putra p.75
unresolved org PT Hasnur Binuang Putera Mulia p.75 ×2
unresolved org Yayasan Hasnur Centre p.75
unresolved org PT Hasnur Riung Sinergi p.75 ×2
unresolved org PT Setia Bakti Putera HAS p.75
unresolved org PT Hasnur Jaya Power p.75 ×2
unresolved org PT Hasnur Jaya Lestari p.75
unresolved org PT Citra Kalimantan Mediatama p.75 ×2
unresolved org PT Putra Banjar Grafika p.75 ×3
unresolved org PT Hasnur Group Indonesia p.75 ×2
unresolved org PT Hasnur Agro Lestari p.75
unresolved org PT Hasnur Barito Jaya p.75 ×2
unresolved org PT HIT Digital Indonesia p.75 ×2
unresolved org PT Nur Jaya Samudra p.75 ×7
unresolved org PT Hasnur Riung Sejahtera p.75 ×2
unresolved org PT Surya Sukses Sejahtera p.75
unresolved org PT Sigma Rekayasa Prima p.75
unresolved org PT Nuur Sehat Sejahtera p.75 ×2
unresolved org PT Bukit Baiduri Enterprise p.76 ×2
unresolved org PT Kalimantan Prima Persada p.76 ×2
unresolved org PT Bangun Karya Persada Nusantara p.76 ×2
unresolved org PT Nipindo Group p.76 ×2
unresolved org PT TriMegah Adhirajasa p.76 ×2
unresolved org PT Hamparan p.76 ×2
unresolved org PT Tri Sapta Sejahtera p.76 ×2
unresolved org PT Jaya Agensi Kapal Indonesia p.76 ×4
unresolved org PT Esqarada p.77 ×2
unresolved org PT Graha Indonesia p.77 ×2
unresolved org PT Pulau Seroja Jaya p.77 ×2
unresolved org PT Dongsuh Kolibindo Securities p.78 ×2
unresolved org PT Victoria Sekuritas p.78 ×2
unresolved org PT Phillip Securities Indonesia p.78 ×2
unresolved org PT RHB Sekuritas Indonesia p.78 ×4
unresolved org PT Tapin Suthra Berjaya p.79 ×3
unresolved org PT Hasnur Media Citra p.80 ×3
unresolved org PT Sinar Hasnur Putera p.80
unresolved org PT Setia Bhakti Putera HAS p.80
unresolved org PT Putera Barito Berbakti p.80
unresolved org PT Hasnur Syres Energy p.80
unresolved org PT Energi Bhumi Lestari p.80
unresolved org PT Energi Morowali Lestari p.80
unresolved org PT Wana Agro Selaras p.80
unresolved org PT Energi Banua Lestari p.80
unresolved org PT Mitra Sigra Utama p.80
unresolved org PT Graha Nusa Minergi p.80
unresolved org PT Insan Pendidikan Indonesia p.80
unresolved org PT Cipta Daya Inovasi p.80
unresolved org PT OSK Nusadana Securities Indonesia p.81 ×2
unresolved org PT Daya Dimensi Indonesia p.81 ×2
unresolved org PT Daya Lima Abisatya p.81 ×2
unresolved org PN Bina Buana Raya Tbk p.81 ×4
unresolved org PT Pefindo Riset Konsultasi p.81 ×2
unresolved org PT PPA Finance p.81 ×2
unresolved org PT Central Sudirman Development p.81 ×2
unresolved org PT Inti Bios Persada Sejahtera p.82 ×2
unresolved org PT Intibios Makmur Indonesia Sehat p.82 ×2
unresolved person Deputi · Direktur p.83
unresolved person H. Rachmadi Jayanti Sari p.86 ×23
unresolved org PT Nur Masyarakat Internasional Public Samudera p.86
unresolved org PT Barito p.86
unresolved person H. Hasan Basri p.87
unresolved org PT Barito Jasa p.87
unresolved org PT Hasnur Multi p.87
unresolved org Kantor Akuntan Publik Mirawati Sensi p.88
unresolved — Share Registrar · Biro Administrasi Efek p.89
unresolved org PT Adimitra Jasa Korpora p.89 ×5
unresolved org PT Adimitra Jasa Korpora Kirana Boutique Office p.89
unresolved org PT Bursa Efek Indonesia Indonesia Stock Exchange Building p.89
unresolved org Bapepam-LK p.112 ×4
unresolved person Bapak Mr. Zainal Hadi Haji Abdussamad Sulaiman Haji Basirun · Pimpinan Rapat p.125 ×12
unresolved person Mr. Rickie Pihak p.125 ×3
unresolved person Mr. Rickie Status Pelaksanaan p.130

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