20260130_POLA_Tanggapan atas Permintaan Penjelasan Bursa_32023237_lamp1.pdf

PAF Board of Directors, the OJK recommended that other receivables be reclassified into
Jinancing receivables because they meet the financing reguiremenis, which are the Company's
main business activities.

b. Penjelasan pengakuan piutang pembiayaan investasi — berelasi sebesar Rp 20,4 miliar

mengingat perubahan nilai piutang lain-lain pihak berelasi periode 30 September 2025 sebesar
Rp 17,5 miliar.

Explanation of the recognition of investment financing receivables — related parties amounting to IDR
20.4 billion considering the change in the value of other receivables from related parties for the period
30 September 2025 amounting to IDR 17.5 billion.

Penjelasan :
Explanation :

Selisih antara saldo piutang pembiayaan investasi dengan perubahan nilai piutang lain-lain
pihak berelasi periode September 2025 sebesar Rp. 2,9 miliar.
The difference between the balance of investment financing receivables and changes in the value of other
receivables from related parties for the period September 2025 amounted to IDR 2.9 billion,
Penjelasannya adalah sebagai berikut :
The explanation is as follows:
- Selama periode bulan Januari 2025 s/d Juli 2025 terdapat penambahan piutang lain-lain
pihak berelasi sebesar Rp. 2.4 miliar.
During the period from Jamuary 2025 to July 2025, there was an increase in other receivables from
related parties amounting to IDR 2-4 billion.
- Pada bulan September terdapat pembentukan akrual pendapatan bunga atas piutang
pembiayaan investasi pihak berelasi sebesar Rp. 467 juta.
In September, there was an accrual of interest income on investment financing receivables from
related parties amounting to IDR 467 million.

Perubahan Piutang lain-lain pihak berelasi periode 31 Desember 2024 s/d 30 September 2025
sebesar Rp 17,5 miliar disebabkan:

Changes in other receivables from related parties for the period December 31, 2024 to Seplember 30,
2025 amounting to IDR 17.5 billion were caused by:

Pada bulan Juli 2025 dilakukan reklasifikasi piutang lain-lain pihak berelasi menjadi piutang
pembiayaan investasi berelasi sebesar (-Rp. 19,9) miliar dan ditambah dengan penambahan
piutang lain-lain pihak berelasi periode bulan Januari 2025 s/d Juli 2025 sebesar Rp. 2.4 miliar.

In July 2025, other receivables from related parties were reclassified into related investment financing
receivables amounting to (-Rp. 19.9) billion and added with the addition ofother receivables from related
parties for the period January 2025 to July 2025 amounting to Rp. 2.4 billion.

Penjelasan terkait tindak lanjut yang dilakukan terhadap piutang pembiayaan investasi yang
telah jatuh tempo sebesar Rp 8 miliar atau 2096 dari total piutang pembiayaan investasi.
Explanation regarding the follow-up actions taken on investment financing receivables that have
matured amounting to IDK 8 billion or 2046 of the total investment financing receivables.

Penjelasan :
Explanation :

Piutang pembiayaan investasi Rp. 8 miliar yang telah jatuh tempo adalah terdiri dari 3 debitur,
yang posisi per September 2025 adalah NPF (Non Performing Financing) dan berdasarkan LK
Desember 2025 telah dibentuk cadangan 10076.

Perseroan tetap melakukan penagihan dan melakukan penjualan agunan, baik melalui penjualan
secara sukarela atau melalui lelang.

The investment financing receivables of Rp 8 billion that have matured consist of three debtors, each of
which was in the Non-Performing Financing (NPF) category as of September 2025, and a 10046 reserve
was established based on the December 2025 Financial Statement.

The Company continues to collect and sell collateral, cither through voluntary sales or auction.

3. Sehubungan dengan seluruh piutang pembiayaan ijarah periode 30 September 2025 sebesar Rp 8,8

miliar (40 dari total aset) telah jatuh tempo lebih dari 180 hari, agar dijelaskan latar belakang
seluruh piutang telah jatuh tempo dan tindak lanjut yang dilakukan untuk melakukan penagihan
atas piutang tersebut.

In connection with all ijarah financing receivables for the period af September 30, 2025 amounting to IDR
8.8 billion (496 of total assets) having matured for more than 180 days, please explain the background ofall
receivables being matured and the follow-up actions taken to colleci these receivables.

Penjelasan :

Explanation :

Piutang pembiayaan Ijarah Rp 8,8 miliar terdiri dari 4 debitur, dimana 2 debitur dengan piutang
sebesar Rp. 5.1 miliar telah dibentuk cadangan 100Y6 bulan September 2025, kemudian 1 debitur
dengan outstanding Rp. 3.3 miliar dibentuk cadangan 100 Yg di Desember 2025 dan 1 debitur
dengan outstanding Rp. 1.1 miliar pada bulan Oktober 2025 dilakukan restrukturisasi karena
Perseroan menilai bahwa debitur tersebut masih memiliki prospek usaha dan dapat melakukan
pembayaran ke Perseroan.

Ijarah financing receivables af Rp. 8.8 billion consist of 4 debtors, where 2 debtors with receivables of Rp.
5.1 billion have been set aside 10096 in September 2025, then I debtor with outstanding Rp. 3.3 billion has
been set aside 10096 in December 2025 and I debtor with outstanding Rp. 1.1 billion in October 2025 was
resiructured because the Company assessed that ihe debtor still has business prospects and can make
payments to the Company.

Berdasarkan perjanjian pinjaman dana talangan nomor 001/Perj PAF-PAI/X/2024 tanggal 15
Oktober 2024, terdapat agunan yang diberikan POOL berupa 2 sertifikat hak guna bangunan atas
nama PT Griya Nusantara Berkah, agar dijelaskan profil singkat PT Griya Nusantara Berkah
meliputi hubungan afiliasi dengan POOL dan Perseroan, bidang usaha dan pihak pengendali.
Based on the bridging loan agreement number 001/Perj PAF-PAI/X/2024 dated October 15, 2024, there is
collateral provided by POOL in the form of 2 building use rights certificates in Ihe name of PT Griya
Nusantara Berkah, so that a brief profile af PT Griya Nusantara Berkah is explained including the @affiliated
relationship with POOL and the Company, business felds and controlling parties.

Penjelasan :
Explanation :

PT Griya Nusantara Berkah (GNB) adalah Perusahaan yang bergerak di bidang pengembangan
property untuk rumah subsidi dan non subsidi yang berlokasi di Kp Pasar Sabut, Ds Sodong, Kec
Saketi, Kab Pandeglang, Prov Banten. GNB memiliki Perjanjian Kerjasama (PKS) dengan BP TWP
TNI AD dan DIVISI INFRANTRI 1/ KOSTRAD dimana GNB menjadi penyedia perumahan untuk
prajurit TNI AD dibawah Divisi Intrantri I Kostrad dengan sistim KPR Swakelola,

PT Griya Nusantara Berkah (GNB) is a company engaged in property development for subsidized and non-
subsidized houses located in Pasar Sabut Village, Sodong Village, Saketi District, Pandeglang Regency,
Banien Province. GNB has a Cooperation Agreement (PKS) with BP TWP TNI AD and DIVISION
INFRANTRI 1/KOSTRAD where GNB is a housing provider for TNI AD soldiers under Division I Intrantri
Kostrad with the Self-Managed KPR system.

POOL melakukan kerjasama dengan GNB dimana POOL menyediakan modal kerja untuk
pembangunan rumah yang akan dijual ke prajurit TNI AD maupun kepada masyarakat umum.
Dalam skema Perjanjian antara POOL dan GNB, POOL dapat menjaminkan aset GNB yang berupa
tanah kapling kepada pihak ketiga. Ah

POOL has partnered with GNB to provide working capital for the construction of houses to be sold to
Indonesian Army soldiers and the general public, Under the agreement, POOL can pledge GNB's land assets
to third parties.

Pihak pengendali GNB adalah Ibu Lupiyanti Bugis sebagai pemegang 8045 saham GNB. Ibu
Lupianti Bugis juga merupakan Direktur Utama PT Arkazh Pratama Mandiri, anak perusahaan
POOL dimana POOL memiliki 4996 saham.

The controlling party of GNB is Ms. Lupiyanti Bugis, who holds 8086 of GNB's shares. Ms. Lupiyanti Bugis
is also the President Director of PT Arkazh Pratama Mandiri, a subsidiary of POOL, in which POOL owns
4996.

Sehubungan dengan jatuh tempo perjanjian pinjaman dana talangan pada tanggal 31 Oktober 2025
dan surat sanggup membayar oleh POOL, agar dijelaskan:

In connection with the maturity of the bridging loan agreement on October 31, 2025 and the letter of
undertaking to pay by POOL, please explain:

a. Perkembangan terkini terkait pelunasan seluruh pinjaman POOL tersebut.
The latest developmenis regarding the repayment of all POOL loans.

Penjelasan :
Explanation :

Pinjaman tersebut yang semula dibukukan ke dalam piutang lain-lain pihak berelasi telah
dilakukan reklasifikasi menjadi Piutang Pembiayaan Investasi per tanggal 30 Juli 2025 sebesar
Rp. 20 miliar

The loan, which was originally recorded as other receivables from related parties, has been reclassified
as Investment Financing Receivables as of July 30, 2025, amounting to IDR 20 billion.

b. Tanggal pelunasan seluruh pinjaman POOL tersebut.
The date of repayment af all POOL loans.

Penjelasan :
Explanation :

Berdasarkan jadwal angsuran yang dibuat oleh POOL dan disetujui Perseroan yang didasarkan
pada proyeksi cash flow POOL akan lunas pada tanggal 30 Oktober 2027.

Based on (he installment schedule made by POOL and approved by the Company which is based on the
POOL cash flow projection, it will be paid off on October 30, 2027.

c. Apabila POOL belum melakukan pelunasan pembayaran sesuai jatuh tempo, apakah Perseroan
telah melakukan sita agunan dan penjelasan akun yang terdampak atas sita agunan tersebut.
If POOL has not made payment in full by ihe due date, has ihe Company seized collateral and an
explanation of the accounts affected by the collateral seizure.

Penjelasan :
Explanation :

Piutang Pembiayaan POOL yang didasarkan pada proyeksi cash flow POOL akan lunas pada
tanggal 30 Oktober 2027, dan sampai saat ini aktivitas pembangunan dan penjualan project
perumahan TWP lancar, sehingga Perseroan menilai piutang pembiayaan akan selesai sesuai
dengan jadwal.

POOL Financing Receivables based on POOL cash flow projections will be paid off on October 30,
2027, and to date the construction and sales activities of the TWP housing project are runming smoothly,
50 the Company assesses that the financing receivables will be completed according to schedule.

6. Pemulihan cadangan kerugian ekspektasian piutang pembiayaan yang paling besar adalah
pembiayaan Musyarakah Mutanagishah sebesar Rp11,7 miliar (66Y6 dari total pemulihan CKPN),
agar dijelaskan:

The largest recovery of expected loss reserves for financing receivables is Musyarakah Mutanagishah
Financing amounting to IDR 11.7 billion (6696 of Ihe total recovery of CKPN), please explain:

a. Latar belakang melakukan pemulihan sebesar Rp 11,7 miliar mengingat pelunasan piutang
pembiayaan Musyarakah Mutanagishah periode 30 September 2025 hanya sebesar Rp 1,2
miliar (pihak berelasi).

The background to the recovery of IDR 11.7 billion considering that the setilement of
Musyarakah Mutanagishah financing receivables for the period of September 30, 2025 was
only IDR 1.2 billion (related party).

Penjelasan :

Explanation :

Terhadap pemulihan CKPN Musyarakah Mutanagisah sebesar Rp 11,7 miliar sebagai berikut :

Regarding Musyarakah Mutanagisah's CKPN recovery amounting to IDR 11.7 billion as follows:

- Pada tanggal 31 Maret 2025, satu nasabah NPF melakukan pelunasan dengan Outsanding
Pokok sebesar Rp 14.8 miliar dan terhadap cadangan yang telah dibentuk sebesar Rp 11.5
miliar dilakukan pemulihan.

On March 31, 2025, one NPF customer made a repayment with an Outstanding Principal of IDR
14.8 billion anda recovery was made against the reserves that had been formed of IDR 11.5 billion.

- Pada tanggal 7 Agustus 2025, satu nasabah NPF melakukan pembayaran Pokok Sebagian

sebesar Rp 202 juta atas Outsanding pokok sebelumnya Sebesar Rp 1.97 miliar menjadi Rp
1.77 miliar, dengan cadangan yang telah dibentuk sebesar Rp 1.97 miliar sehingga terhadap
cadangan yang telah dibentuk dilakukan pemulihan sebesar Rp 202 juta.
On August 7, 2025, one NPF customer made a partial principal payment of IDR 202 million for the
previous principal outsanding of IDR 1.97 billion to IDR 1.77 billion, with reserves that had been
Jormed amounting to IDR 1.97 billion so that a recovery of IDR 202 million was made against the
reserves that had been formed.

- Pemulihan CKPN di atas adalah untuk nasabah Musyarakah Mutanagisah (pihak ketiga),
sementara penurunan Pokok Musyarakah Mutanagisah (pihak ketiga) sebesar Rp 15 miliar.
The recovery of CKPN above is for Musyarakah Mutanagisah (third party) customers, while the
reduction in Principal Musyarakah Mutanagisah (third party) is IDR 15 billion

Terhadap penurunan Pokok Musyarakah Mutanagisah sebesar Rp 1.2 miliar (pihak berelasi)

memang benar terjadi penurunan Pokok nasabah lancar yang belum dibentuk cadangan.

Regarding the decrease in the Musyarakah Mutanagisah Principal of IDR 1.2 billion (related parties),

it is Irue Ihat ihere was a decrease in the Principal of current customers for which reserves have not

been formed.

b. Nilai piutang outstanding pembiayaan Musyarakah Mutanagishah yang telah jatuh tempo
sebesar Rp 31 miliar atau 5896 dari total piutang, agar dijelaskan latar belakang 5896 piutang
telah jatuh tempo dan tindak lanjut yang dilakukan untuk melakukan penagihan atas piutang
tersebut.

The outstanding receivables of Musyarakah Mutanagishah financing that have matured amounted to
IDR 31 billion ar 5846 of Ihe total receivables, so that the background of the 5846 receivables that have
matured and the follow-up actions taken to colleci these receivables are explained.

Penjelasan :

Explanation :

Atas piutang MMO sebesar Rp 31 miliar terdiri dari 3 debitur yaitu :

MMO receivables amounting to IDR 31 billion consist of 3 debtors, namely:

- 1 (satu) debitur dengan O/S Rp. 19.3 miliar sudah NPF dan cadangan telah dibentuk 10096,
untuk penyelesaian atas debitur ini, saat ini sedang dilakukan proses lelang.

1 (one) debtor with O/S of IDR 19.3 billion is already NPF and reserves have been formed at 10096.
To settle this debtor, an auction process is currently underway.

- 1 (satu) debitur dengan O/S Rp. 1.7 miliar dan telah dibentuk cadangan 10096, telah
dilakukan restrukturisasi pada bulan Agustus 2025, dan sampai dengan saat ini pembayaran
angsurannya lancar.

1 (one) debtor with O/S of IDR 1.7 billion and 10056 reserves have been established, restructuring
has been carried out in August 2025, and until now the installment paymenis have been smooth.

- 1 (satu) debitur dengan O/S Rp. 10.8 miliar, terjadi keterlambatan berulang atas penerimaan
pembayaran dari bowheer yang berakibat keterlambatan juga terhadap pembayaran ke
Perseroan. Dilakukan monitoring dan pengawasan aktif atas project dan penjualan yang
dijalankan.

One debtor with an O/S of IDR 10.8 billion experienced repeated delays in receiving payments from
Bowheer, which also resulted in delays in payments to the Company. Active monitoring and
supervision af the project and sales being carried out.

8. Sehubungan dengan arus kas dari aktivitas operasi, agar dijelaskan rincian dari sub akun
Pembayaran Tenaga Kerja dan Penerimaan Angsuran Pembiayaan periode 30 September 2025.
In connection with cash flow from operating activities, please explain the details of the Labor Payment and
Financing Installment Receipt sub-accounis for the period 30 September 2025.

Penjelasan :

Explanation :

i. rincian dari sub akun Pembayaran Tenaga Kerja adalah terdiri dari Salary, THR, BPJS, JSHK,
Tunjangan Pajak, Tax allowance dll yang berhubungan dengan tenaga kerja.
Details of the Labor Payment sub-account consist of Salary, THR, BPJS, JSHK, Tax Allowance, Tax
Allowance, etc. related to labor.

ii. Rincian sub akun Penerimaan Angsuran Pembiayaan adalah uang masuk atas angsuran
pembiayaan dari debitur baik pokok maupun bunga
Details of the Financing Installment Receipt sub-account are incoming funds for financing installments
Jrom debtors, both principal and interest.

9. Sehubungan dengan rasio keuangan per 30 September 2025, agar dijelaskan:
In connection with the financial ratio as of September 30, 2025, please explain

a. Penjelasan dari peningkatan rasio permodalan dan penurunan NPF periode 30 September 2025.
Explanation of the increase in the capital ratio and decrease in NPF for the period 30 September 2025.

Penjelasan :
Explanation :

Peningkatan rasio permodalan dikarenakan Perseroan membukukan Pendapatan yang
berpengaruh terhadap Laba Tahun Berjalan. Penurunan NPF disebabkan terdapat beberapa
debitur/nasabah menyelesaikan tunggakannya.

The increase in the capital ratio was due to the Company's revenue, which impacted the current years

profit. The decrease in the NPF was due to several debtors/customers setiling their arrears. k

b. Rincian dari perhitungan NPF periode 30 September 2025 dan 31 Desember 2024.
Details of the NPF calculation for the period 30 September 2025 and 31 December 2024

Penjelasan :
Explanation :

30 September 2025

September 30, 2025

Piutang Pembiayaan Bermasalah Kotor
Gross Non-Performing Financing Receivables
Cadangan Piutang Pembiayaan Bermasalah - 36.283.451.635
Reserve for Problematic Financing Receivables

38.506.176.813

Piutang Pembiayaan Bermasalah Bersih - 2.222.725.178

Net Non-Performing Financing Receivables

Total Piutang Pembiayaan - 128.657.728.551

Total Financing Receivables

Rasio NPF - Piutang Pembiayaan Bermasalah Bersih : Total Piutang Pembiayaan
NPF ratio - Net Non-Performing Financing Receivables: Total Financing Receivables —

2.222.725.178 : 128.657.728.551 — 1.73Yo

31 Desember 2024

December 31, 2024

Piutang Pembiayaan Bermasalah Kotor - 62.048.816.523
Gross Non-Performing Financing Receivables
Cadangan Piutang Pembiayaan Bermasalah
Reserve for Problematic Financing Receivables
Piutang Pembiayaan Bermasalah Bersih
Piutang Pembiayaan Bermasalah Bersi

Total Piutang Pembiayaan

Total Financing Receivables

Rasio NPF - Piutang Pembiayaan Bermasalah Bersih : Total Piutang Pembiayaan
NPF ratio 5 Net Non-Performing Financing Receivables: Total Financing Receivables —
25.126.018.347 : 133.248.783.842 — 18.86Y4

)

36.922.798.176

"

25.126.018.347

133.248.783.842

d. Dampak penurunan signifikan NPF periode 30 September 2025 terhadap operasional
Perseroan.
The impact af the significant decrease in NPF for the period of September 30, 2025 on the Company's
gperations.
Penjelasan:
Explanation :
Dampaknya adalah meningkatkan Likuiditas dan Profitabilitas Perseroan.
The impact is to increase the Company's Liguidity and Profitability.

Demikian penjelasan kami. Terima kasih atas perhatiannya.
That concludes our explanation. Thank you for your attention.

Hormat Kami/Besi regards
PT. Pop Advst Finanee Tok | Di

Ferry Junarso Nuryatun
Direktur Utama/President Director Direktur/Director