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Page 1
2025
Laporan Tahunan dan Laporan Keberlanjutan
Annual Report and Sustainability Report




                                          PT HEXINDO ADIPERKASA TBK

Page 2
Sangkalan dan Batas Tanggung Jawab
Disclaimer and Limitation of Liability

Laporan Tahunan ini berisikan pernyataan-pernyataan kondisi                  This annual report contains financial condition, operation results,
keuangan, hasil operasi, proyeksi, rencana, strategi, kebijakan, serta       projections, plans, strategies, policy, as well as the Company’s
tujuan Perusahaan, yang digolongkan sebagai pernyataan ke depan              objectives, which is classified as forward-looking statements in the
dalam pengertian perundang-undangan yang berlaku, kecuali hal-hal            implementation of the prevailing laws, excluding historical matters.
yang bersifat historis.


Pernyataan-pernyataan tersebut bersifat prospektif yang memiliki             Such forward-looking statements are subject to known and unknown
risiko dan ketidakpastian serta dapat mengakibatkan perkembangan             risks (prospective), uncertainties, and other factors that could cause
aktual   secara    material   berbeda   dari   yang   tertulis   dalam       actual results to differ materially from expected results. Prospective
pernyataanpernyataan tersebut. Pernyataan prospektif dalam laporan           statements in this annual report are prepared based on numerous
tahunan ini dibuat berdasarkan berbagai asumsi mengenai kondisi              assumptions concerning current conditions and future events of the
terkini dan kondisi mendatang dari Perusahaan serta lingkungan               Company and the business environment where the Company conducts
bisnis di mana Perusahaan menjalankan kegiatan usaha. Perusahaan             business. The Company shall have no obligation to guarantee that the
tidak menjamin bahwa segala tindakan yang telah diambil untuk                entire valid document presented will bring specific results as expected.
memastikan keabsahan dokumen ini akan membawa hasil-hasil
tertentu sesuai harapan.


Perseroan menyadari bahwa tantangan di masa depan akan semakin               The Company recognizes that future challenges will become
kompleks, ditandai dengan ketidakpastian ekonomi global, perubahan           increasingly complex, driven by global economic uncertainty, climate
iklim, dan dinamika geopolitik yang terus berkembang. Untuk                  change, and evolving geopolitical dynamics. In response, the Company
menjawab tantangan tersebut, Perseroan terus memperkuat fundamental          continues to strengthen its business fundamentals by enhancing
bisnis melalui peningkatan efisiensi operasional, penguatan kualitas         operational efficiency, improving service quality, optimizing the use
layanan, optimalisasi pemanfaatan teknologi dan sumber daya, serta           of technology and resources, and implementing sound corporate
penerapan tata kelola yang baik. Di saat yang sama, Perseroan tetap          governance. At the same time, the Company remains committed to
berkomitmen menjalankan praktik bisnis yang berkelanjutan dengan             sustainable business practices by integrating economic, social, and
mengintegrasikan aspek ekonomi, sosial, dan lingkungan ke dalam              environmental considerations into its operations, enabling it to create
setiap kegiatan operasional, sehingga mampu menciptakan nilai tambah         sustainable value for all stakeholders.
yang berkelanjutan bagi seluruh pemangku kepentingan.


Laporan Tahunan dan Keberlanjutan ini memuat kata “Perseroan”,               This Annual and Sustainability Report uses the terms “the Company”
“Perusahaan”, dan “Hexindo” yang didefinisikan sebagai PT Hexindo            and “Hexindo,” to refer to PT Hexindo Adiperkasa Tbk, which
Adiperkasa Tbk yang menjalankan kegiatan usaha utama di bidang               engages primarily in the trading and rental of heavy equipment as
perdagangan dan penyewaan alat berat serta pelayanan purna jual.             well as aftersales services. For the sake of simplicity, the term “we” is
Adakalanya kata “kami” digunakan atas dasar kemudahan untuk                  occasionally used to refer to PT Hexindo Adiperkasa Tbk in a general
menyebut PT Hexindo Adiperkasa Tbk secara umum. Laporan ini                  context. This report contains data and information related to the
memuat data dan informasi terkait kinerja yang dilakukan Perseroan           Company’s performance throughout the 2025 fiscal year, which began
sepanjang tahun buku 2025, yang dimulai sejak tanggal 1 April 2025           on April 1, 2025, and ended on March 31, 2026.
dan berakhir pada tanggal 31 Maret 2026.



PT Hexindo Adiperkasa Tbk                                                2                                  Laporan Tahunan & Laporan Keberlanjutan 2025

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                                                                                                                                  01

Penjelasan Tema
Theme Explanation




Kemampuan untuk tetap bertahan, beradaptasi, dan terus                The ability to endure, adapt, and continue growing amid
berkembang di tengah perubahan merupakan fondasi                      change is the cornerstone of building a resilient organization.
utama dalam membangun organisasi yang tangguh. Bagi                   For the Company, every challenge encountered throughout
Perseroan, setiap tantangan yang dihadapi sepanjang tahun             the year has become an opportunity to strengthen its
menjadi momentum untuk memperkuat fundamental bisnis,                 business fundamentals, enhance operational efficiency, foster
meningkatkan efisiensi operasional, mendorong inovasi, serta          innovation, and elevate service quality to create sustainable
memperkuat kualitas layanan guna menciptakan nilai yang               value for all stakeholders.
berkelanjutan bagi seluruh pemangku kepentingan.


Semangat tersebut menjadi landasan bagi tema "Stronger Than           This spirit forms the foundation of the theme "Stronger Than
Ever", yang mencerminkan tekad Perseroan untuk tidak hanya            Ever", reflecting the Company's determination not only to
menghadapi dinamika industri dengan ketangguhan yang                  navigate industry dynamics with greater resilience but also to
lebih baik, tetapi juga terus membangun daya saing melalui tata       continuously strengthen its competitiveness through sound
kelola yang baik, pengembangan sumber daya manusia, budaya            corporate governance, human capital development, a strong
keselamatan kerja, dan praktik bisnis yang berkelanjutan.             safety culture, and sustainable business practices. With an
Dengan fondasi yang semakin kokoh, Perseroan optimistis               even stronger foundation, the Company remains confident in
mampu menciptakan pertumbuhan yang berkelanjutan dan                  its ability to achieve sustainable growth and deliver long-term
memberikan nilai jangka panjang bagi seluruh pemangku                 value to all stakeholders.
kepentingan.




2025 Annual Report & Sustainability Report                        3                                            PT Hexindo Adiperkasa Tbk

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Kesinambungan Tema
Theme Continuity




                                  2021                                                                                  2022
              DRIVING GROWTH                                                                             CONTINUING SOLID
           TOWARDS SUSTAINABILITY                                                                           RECOVERY
Pemulihan ekonomi di sejumlah negara maju yang lebih cepat dari prakiraan             Pemulihan ekonomi global yang terus berlanjut dan konflik geopolitik yang
menyebabkan permintaan dan harga komoditas global meningkat tajam                     berdampak pada disrupsi rantai pasok telah mengakibatkan kenaikan harga
sehingga semua sektor pengguna alat berat memacu volume produksi untuk                komoditas yang jauh melebihi perkiraan. Hal ini mendorong kenaikan
memanfaatkan momentum.                                                                permintaan alat berat terutama untuk sektor pertambangan dan agroindustri.

Di sisi lain, pandemi COVID-19 masih menjadi tantangan besar dengan                   Kondisi pasar yang positif memberikan peluang bagi Hexindo untuk memacu
munculnya varian Delta yang lebih berbahaya di sepanjang tahun 2021 dan               pertumbuhan. Kami menjalin komunikasi proaktif dengan pelanggan untuk
varian Omicron yang sangat cepat penyebarannya di awal tahun 2022. Sejumlah           memahami kebutuhan mereka dan menawarkan solusi terbaik. Untuk mengatasi
negara termasuk Indonesia kembali memberlakukan pembatasan kegiatan                   kekosongan stok unit baru, kami meningkatkan layanan remanufacturing dan
masyarakat yang berdampak langsung pada aktivitas usaha Hexindo.                      refurbishment dengan dukungan tim technical support yang mumpuni.

Namun setiap tantangan adalah bagian dari dinamika usaha yang memotivasi              Keberhasilan Perseroan membukukan pencapaian kinerja yang kuat
kami untuk lebih baik lagi dalam menjaga nilai-nilai integritas dan                   menunjukkan bahwa strategi bisnis yang kami terapkan berjalan dengan baik.
profesionalisme. Kami terus berinovasi untuk memberikan pelayanan terbaik             Tahun buku 2022 menjadi momentum pemulihan yang solid untuk meraih
bagi pelanggan, senantiasa menerapkan praktik bisnis berwawasan lingkungan            pertumbuhan yang positif dan berkelanjutan.
dan sosial, serta mendukung pencapaian tujuan pembangunan berkelanjutan.
                                                                                      The ongoing global economic recovery and geopolitical conflicts that impact
Keberhasilan Hexindo meraih kinerja melampaui target menunjukkan bahwa                supply chain disruptions resulted in a hike commodity price that far exceeded
kami telah menerapkan strategi yang tepat untuk mendorong pertumbuhan                 expectations. This has pushed heavy equipment demand, especially for the mining
menuju keberlanjutan usaha jangka panjang.                                            and agro-industrial sectors. Positive market conditions provided opportunities
                                                                                      for Hexindo to spur growth. We established proactive communication with
The faster-than-expected economic recovery in developed countries caused              customers to understand their needs and offer the best solutions.
global commodity demand and prices to rise sharply, resulting in all sectors of
heavy equipment users spurring production volumes to take advantage of the            To overcome the stockout of new units, we improved our remanufacturing and
momentum.                                                                             repair services supported with qualified technical support teams.

On the other hand, the COVID-19 pandemic is still a major challenge, with             The success of the Company in achieving strong performance shows that the
the emergence of the more dangerous Delta variant throughout 2021 and the             business strategy that we implemented is going well. The fiscal year 2022 was a
Omicron variant, which spread very quickly in early 2022. As a result, many           solid recovery momentum to achieve positive and sustainable growth.
countries, including Indonesia, have again imposed restrictions on public
activities that directly impacted Hexindo’s business activities.

However, every challenge is part of the business dynamics that motivates us
to perform better in maintaining the values of integrity and professionalism.
Therefore, we continue to innovate to provide the best service for customers,
consistently implement environmentally and socially sound business practices,
and support the achievement of sustainable development goals.

Hexindo’s success in achieving performance beyond the target shows that we
have implemented the proper strategies to drive growth towards long-term
business sustainability.



PT Hexindo Adiperkasa Tbk                                                         4                                    Laporan Tahunan & Laporan Keberlanjutan 2025

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                                                                                                                                                                  01




                                   2023                                                                                    2024
                                 TOUGH                                                                            NAVIGATING
                                                                                                                 UNCERTAINTY
Penurunan harga komoditas global menyebabkan permintaan alat berat di sektor             Kondisi global yang penuh ketidakpastian dan dinamika kompleks berdampak
pertambangan melambat dan dinamika tahun politik menghadapi Pemilihan                    signifikan pada berbagai sektor, termasuk industri alat berat. Fluktuasi ekonomi
Umum berpengaruh pada permintaan di sektor konstruksi. Perseroan berupaya                yang tidak menentu, gangguan rantai pasok global, serta persaingan yang
menjaga kesinambungan pertumbuhan melalui berbagai strategi bisnis yang                  semakin ketat menuntut perusahaan untuk dapat beradaptasi secara cepat
inovatif dan efektif, serta efisiensi biaya di semua lini. Komitmen Perseroan            dan tepat terhadap tekanan pasar. Kondisi ini mendorong Perseroan untuk
adalah memberikan pelayanan terbaik dan reliable solutions bagi para pelanggan.          meningkatkan fleksibilitas operasional, memperkuat layanan pelanggan,
Hasilnya, Perseroan mampu mencatatkan pertumbuhan laba bersih yang positif               serta mengembangkan inovasi produk dan teknologi yang responsif terhadap
dan pangsa pasar yang meningkat.                                                         kebutuhan pasar yang dinamis. Dengan ketangguhan dan komitmen yang kuat,
                                                                                         Hexindo mampu mempertahankan kinerja positif di tengah ketidakpastian dan
The decline in the global commodity prices led to a slowdown in demand for               tantangan yang ada.
heavy equipment in the mining sector, while the political dynamics facing the
General Election impacted demand in the construction sector. The Company                 The global landscape, marked by uncertainty and complex dynamics, has
strives to maintain growth continuity through various innovative and effective           significantly impacted various sectors, including the heavy equipment industry.
business strategies, as well as cost efficiency in all lines. The Company’s              Unpredictable economic fluctuations, disruptions in global supply chains,
commitment is to provide the best service and reliable solutions to its customers.       and intensifying competition have compelled companies to adapt swiftly and
As a result, the Company was able to record positive net profit growth and               effectively to market pressures. These conditions have driven the Company
increased market share.                                                                  to enhance operational flexibility, strengthen customer service, and develop
                                                                                         innovative products and technologies that are responsive to the evolving needs
                                                                                         of the market. Through resilience and a strong commitment, Hexindo has
                                                                                         succeeded in maintaining positive performance amid prevailing uncertainties
                                                                                         and challenges.




2025 Annual Report & Sustainability Report                                           5                                                       PT Hexindo Adiperkasa Tbk

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Daftar Isi
Table of Contents




Penjelasan Tema                     3       Profil Dewan Komisaris                                                 74
Theme Explanation                           Board of Commissioners’ Profile
                                            Informasi tentang Saham dan Pemegang Saham                             76
Kesinambungan Tema                  4
                                            Information on Shares and Shareholders
Themes Continuity
                                            Lembaga dan Profesi Penunjang                                          83
Daftar Isi                          6       Supporting Institutions and Professions
Contents
                                            Situs Web Perusahaan                                                   84
                                            The Company’s Website




  01 Ikhtisar Kinerja
     Performance Highlights
                                                        Analisis dan Pembahasan
                                                        Manajemen
Ikhtisar Kinerja Keuangan
Financial Performance Highlights
                                   10
                                              04 Management Discussion and Analysis
Grafik Kinerja Keuangan            11
Financial Performance Charts                Tinjauan Ekonomi dan Industri                                          88
Ikhtisar Saham                     12       Economic and Industry Overview
Stock Highlights
                                            Tinjauan Operasi per Segmen Usaha                                      92
Kilas Peristiwa                    13       Operational Review by Business Segment
Event Highlights
                                            Tinjauan Kinerja Keuangan                                              100
Penghargaan dan Sertifikasi        16       Financial Performance Review
Awards and Certifications
                                            Kemampuan Menghasilkan Keuntungan                                      112
                                            Profit Generating Ability
                                            Kemampuan Membayar Utang                                               114
                                            Solvency


  02 Laporan Manajemen                      Tingkat Kolektibilitas Piutang                                         116
                                            Receivables Collectibility
     Management Report                      Ikatan yang Material untuk Investasi Barang Modal                      116
                                            Material Commitments for Capital Expenditures
Laporan Dewan Komisaris            25
                                            Struktur Modal dan Dasar Kebijakan Manajemen atas Struktur             117
Board of Commissioners’ Report              Modal Perseroan
Laporan Direksi                    31       Capital Structure and Management’s Policy Basis on the Company’s
Board of Directors’ Report                  Capital Structure
                                            Realisasi Investasi Barang Modal                                       118
                                            Realization of Capital Expenditure
                                            Informasi dan Fakta Material yang Terjadi Setelah Tanggal              119
                                            Laporan Akuntan

  03 Profil Perusahaan                      Material Information and Facts that Occurred After the Accountant’s
                                            Reporting Data
     Company Profile
                                            Perbandingan Target dan Realisasi Tahun Buku 2025                      120
                                            Comparison of Targets and Realizations in the 2025 Fiscal Year
Identitas Perusahaan               42
Corporate Identity                          Target Tahun Buku 2026                                                 121
                                            Target for Fiscal Year 2026
Riwayat Singkat Perusahaan         43
Brief History of Hexindo                    Aspek Pemasaran                                                        122
                                            Marketing Aspect
Jejak Langkah                      44       Kebijakan Dividen dan Pembagiannya                                     123
Milestones                                  Dividend Policy and its Distribution
Visi, Misi, dan Nilai Inti         46       Informasi tentang Penggunaan Dana Hasil Penawaran Umum                 124
Vision, Mission, and Core Values            Information on the Use of Proceeds from the Public Offering
Logo Perusahaan                    48       Informasi Material Mengenai Investasi, Ekspansi, Divestasi,            124
Company Logo                                Penggabungan Usaha, Akuisisi, dan/atau Restrukturisasi
Kegiatan Usaha                     49       Utang/Modal
Business Activities                         Material Information Regarding Investment, Expansion,
                                            Divestment, Business Merger, Acquisition, and/or Debt/Capital
Keanggotaan dalam Asosiasi         52       Restructuring
Membership in Associations
                                            Informasi Transaksi Material yang Mengandung Benturan                  125
Wilayah Operasi                    53       Kepentingan dan/atau Transaksi dengan Pihak Afiliasi/
Operating Areas                             Pihak Berelasi
Jaringan Kantor                    56       Material Transaction Information Containing Conflicts of Interest
Office Network                              and/or Transaction with Affiliated Parties/Related Parties
Struktur Organisasi                58
Organizational Structure
Profil Direksi                     62
Board of Directors’ Profile




PT Hexindo Adiperkasa Tbk               6                                     Laporan Tahunan & Laporan Keberlanjutan 2025

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                                                                                                                                              01




                                                                             06 Laporan     Keberlanjutan
Perubahan Peraturan Perundang-undangan yang                      127
Berpengaruh Signifikan terhadap Perusahaan
Changes in Laws and Regulation that Significantly Affect the                    Sustainability Report
Company
Perubahan Kebijakan Akuntansi dan Dampaknya terhadap             128       Ikhtisar Kinerja Keberlanjutan                                    220
Perusahaan                                                                 Sustainability Performance Highlights
Changes in Accounting Policies and Their Impact on the Company
                                                                           Strategi dan Budaya Keberlanjutan                                 222
Prospek Usaha Tahun Buku 2026                                    128       Sustainability Strategy and Culture
Business Outlook for the Fiscal Year 2026
                                                                           Pesan tentang Keberlanjutan                                       225
                                                                           Message on Sustainability
                                                                           Aspek Tata Kelola                                                 236
                                                                           Governance Aspect
                                                                           Aspek Ekonomi                                                     247

  05 Corporate Governance
            Tata Kelola Perusahaan                                         Economic Aspect
                                                                           Aspek Lingkungan                                                  251
                                                                           Environmental Aspect
Penerapan Tata Kelola Perusahaan yang Baik                       132       Aspek Sosial                                                      269
Implementation of Good Corporate Governance                                Social Aspect

Rapat Umum Pemegang Saham                                        140       Aspek Produk dan Jasa                                             318
General Meeting of Shareholders                                            Products and Services Aspect

Direksi                                                          146       Tentang Laporan                                                   327
Board of Directors                                                         About this Report

Dewan Komisaris                                                  157
Board of Commissioners
Nominasi dan Remunerasi Dewan Komisaris dan Direksi              164
Nomination and Remuneration of the Board of Commissioners and
Directors                                                                  Surat Pernyataan Dewan Komisaris dan Direksi tentang              335
                                                                           Tanggung Jawab atas Laporan Tahunan dan Laporan
Organ Pendukung Direksi                                          168
                                                                           Keberlanjutan 2025
Supporting Organs of the Board of Directors
                                                                           Statement Letter of the Board of Commissioners and Directors
Organ Pendukung Dewan Komisaris                                  189       regarding Responsibility for the 2025 Annual Report and
Supporting Organs of the Board of Commissioners                            Sustainability Report
Pedoman Perilaku                                                 204       Indeks SEOJK No. 16/SEOJK.04/2021                                 337
Code of Conduct                                                            SEOJK No. 16/SEOJK.04/2021 Index
Kebijakan Antikorupsi                                            206       Indeks POJK No. 51/POJK.03/2017                                   358
Anti-Corruption Policy                                                     POJK No. 51/POJK.03/2017 Index
Sistem Pelaporan Pelanggaran                                     208       Indeks Isi GRI                                                    361
Whistleblowing System                                                      GRI Content Index
Sistem Pengendalian Internal                                     212       Lembar Umpan Balik                                                367
Internal Control System                                                    Feedback Form
Manajemen Risiko                                                 215       Laporan Keuangan                                                  373
Risk Management                                                            Financial Statements
Perkara Hukum dan Sanksi Administratif                           217
Legal Cases and Administrative Sanctions




2025 Annual Report & Sustainability Report                             7                                                   PT Hexindo Adiperkasa Tbk

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Page 9
Ikhtisar
Kinerja
Performance
  Highlights

Page 10
Ikhtisar 2025 | 2025 Highlights                                                                          Tata Kelola Perusahaan | Corporate Governance
Laporan Manajemen | Management Report                                                                    Laporan Keberlanjutan | Sustainability Report
Profil Perusahaan | Company Profile                                                                      Laporan Keuangan | Financial Report
Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Ikhtisar Kinerja Keuangan
Financial Performance Highlights



Laba Rugi dan Penghasilan Komprehensif Lain
Profit or Loss and Other Comprehensive Income
                                                                                                                                                                              dalam USD | in USD

                  Uraian                             FY2025                 FY2024                FY2023                 FY2022                 FY2021                Description
 Penghasilan Neto                                    515.423.217            522.714.838            612.326.209           630.495.198            463.262.626                    Net Revenues
 Beban Pokok Penghasilan                           (425.239.963)          (412.414.203)         (473.947.811)          (505.529.926)         (346.861.680)                  Cost of Revenues
 Laba Bruto                                            90.183.254           110.300.635            138.378.398           124.965.272            116.400.946                      Gross Profit
 Laba Usaha                                            27.648.992             47.138.143            77.214.295             70.125.867            70.820.772                  Operating Profit
 Laba Sebelum Pajak Penghasilan                        20.552.106             40.025.936            71.421.276             66.347.491            70.863.889         Profit Before Income Tax
 Laba Tahun Berjalan*                                  15.983.119             31.061.735            55.711.878             51.620.039            55.083.408                 Net for the Year*
                                                                                                                                                                      Other Comprehensive
 Penghasilan (Rugi) Komprehensif
                                                         (300.605)             (186.952)              (992.106)           (1.495.982)                778.928      Income (Loss) for the Year,
 Lain, Setelah Pajak
                                                                                                                                                                                  Net of Tax
 Total Penghasilan Komprehensif                                                                                                                                 Total Comprehensive Income
                                                       15.682.514             30.874.783            54.719.772             50.124.057            55.862.336
 Tahun Berjalan*                                                                                                                                                               for the Year*
 Laba Neto per Saham Dasar                                    0,019                  0,037                 0,066                  0,061                 0,066       Basic Earnings Per Share
 *) Perseroan tidak memiliki entitas anak; dengan demikian, tidak terdapat laba dan penghasilan yang dapat diatribusikan kepada kepentingan non pengendali.
 *) The Company does not have any subsidiary entities; accordingly, there are no profits and income attributable to non-controlling interests.



Posisi Keuangan
Financial Position
                                                                                                                                                                              dalam USD | in USD

                  Uraian                             FY2025                 FY2024                FY2023                 FY2022                 FY2021                Description
 Aset Lancar                                         356.413.660            395.100.949            343.007.074           403.743.683            260.976.764                   Current Assets
 Aset Tidak Lancar                                     50.618.825             61.859.161            66.424.447             59.588.647            43.671.232              Non-Current Assets
 Jumlah Asset                                        407.032.485            456.960.110            409.431.521           463.332.330            304.647.996                      Total Assets
 Liabilitas Jangka Pendek                            221.698.473            267.951.014            215.255.933           284.201.001            133.011.436                Current Liabilities
 Liabilitas Jangka Panjang                             20.333.892             17.948.090            14.991.050             13.370.532            11.933.094          Non-Current Liabilities
 Jumlah Liabilitas                                   242.032.365            285.899.104            230.246.983           297.571.533            144.944.530                   Total Liabilities
 Jumlah Ekuitas                                      165.000.120            171.061.006            179.184.538           165.760.797            159.703.466                      Total Equity
 Jumlah Liabilitas dan Ekuitas                       407.032.485            456.960.110            409.431.521           463.332.330            304.647.996       Total Liabilities and Equity


Arus Kas
Cash Flows
                                                                                                                                                                              dalam USD | in USD

                  Uraian                             FY2025                 FY2024                FY2023                 FY2022                 FY2021                Description
 Kas Neto yang Diperoleh dari
                                                                                                                                                                 Net Cash Provided by (Used
 (Digunakan untuk) Aktivitas                         103.444.891              23.585.753            41.156.805          (31.254.234)             51.534.804
                                                                                                                                                                     in) Operating Activities
 Operasi
 Kas Neto yang Digunakan untuk                                                                                                                                    Net Cash Used in Investing
                                                      (2.176.570)            (5.640.011)           (1.797.923)            (5.019.894)            (1.248.378)
 Aktivitas Investasi                                                                                                                                                               Activities
 Kas Neto yang Diperoleh dari
                                                                                                                                                                 Net Cash Provided by (Used
 (Digunakan untuk) Aktivitas                       (103.937.598)           (17.010.693)           (47.783.279)             47.370.106          (69.628.788)
                                                                                                                                                                     in) Financing Activities
 Pendanaan
 Kenaikan (Penurunan) Neto Kas                                                                                                                                    Net Increase (Decrease) in
                                                      (2.669.277)                935.049           (8.424.397)             11.095.978          (19.342.362)
 dan Bank                                                                                                                                                        Cash on Hand and in Banks
                                                                                                                                                                    Net Effect of Changes in
 Dampak Neto Perubahan Nilai
                                                         (330.070)             (541.543)              (849.325)             (797.164)              (235.273)     Exchange Rates on Cash on
 Tukar atas Kas dan Bank
                                                                                                                                                                         Hand and in Banks
                                                                                                                                                                 Cash on Hand and in Banks
 Kas dan Bank Awal Tahun                               17.802.237             17.408.731            26.682.453             16.383.639            35.961.274
                                                                                                                                                                        at Beginning of Year
                                                                                                                                                                 Cash on Hand and in Banks
 Kas dan Bank Akhir Tahun                              14.802.890             17.802.237            17.408.731             26.682.453            16.383.639
                                                                                                                                                                             at End of Year


PT Hexindo Adiperkasa Tbk                                                                          10                                              Laporan Tahunan & Laporan Keberlanjutan 2025

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                                                                                                                                                                        01




Rasio Keuangan
Financial Ratios
                                                                                                                                                                dalam % | in %

               Uraian                        FY2025            FY2024             FY2023         FY2022             FY2021                      Description
 Margin Laba Bruto                                  17,5               21,1              22,6              19,8              25,1                   Gross Profit Margin
 Margin Laba Usaha                                   5,4                9,0              12,6              11,1              15,3            Operating Profit Margin
 Margin Laba Bersih                                  3,1                5,9               9,1               8,2              11,9                     Net Profit Margin
 Tingkat Pengembalian Aset                           3,9                6,8              13,6              11,1              18,1                      Return on Assets
 Tingkat Pengembalian Ekuitas                        9,7               18,2              31,1              31,1              34,5                      Return on Equity
 Liabilitas terhadap Aset                           59,5               62,6              56,2              64,2              47,6                          Debt to Assets
 Liabilitas terhadap Ekuitas                       146,7              167,1             128,5          179,5                 90,8                          Debt to Equity
 Rasio Lancar                                      160,8              147,5             159,3          142,1                196,2                           Current Ratio
 Rasio Kas                                           6,7                6,6               8,1               9,4              12,3                               Cash Ratio
 Rasio Cepat                                        59,4               64,9              61,7              64,2              94,8                             Quick Ratio




Grafik Kinerja Keuangan
Financial Performance Charts
                                                                                                                                    dalam jutaan Rupiah, kecuali dinyatakan lain
                                                                                                                                       in million Rupiah, unless otherwise stated



Penghasilan Neto                                                                       Laba Bruto
Net Revenues                                                                           Gross Profit


2025                                               515.423                             2025                                           90.183


2024                                                       522.715                     2024                                                  110.310


2023                                                                  612.326          2023                                                                       138.378


2022                                                                      630.495      2022                                                                124.965


2021                                     463.263                                       2021                                                     116.401




Jumlah Aset                                                                            Jumlah Liabilitas
Total Assets                                                                           Total Liabilities


2025                                                407.023                            2025                                                   242.032


2024                                                                 456.960           2024                                                                     285.899


2023                                                  409.432                          2023                                           230.247


2022                                                                    463.332        2022                                                                          297.572


2021                                   304.648                                         2021                       144.944



2025 Annual Report & Sustainability Report                                        11                                                          PT Hexindo Adiperkasa Tbk

Page 12
Ikhtisar 2025 | 2025 Highlights                                                                         Tata Kelola Perusahaan | Corporate Governance
Laporan Manajemen | Management Report                                                                   Laporan Keberlanjutan | Sustainability Report
Profil Perusahaan | Company Profile                                                                     Laporan Keuangan | Financial Report
Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Ikhtisar Saham
Stock Highlights



Informasi Perdagangan Saham Triwulanan HEXA (FY2024-FY2025)
HEXA Quarterly Stock Trading Information (FY2024-FY2025)
                                                Harga Saham/Lembar (Rp)                                                     Jumlah Saham                        Volume              Kapitalisasi
                                                      Stock Price per Share (Rp)                                               Beredar                        Perdagangan           Pasar (Rp)
   Periode                                                                                                                    (Lembar)                         (Lembar)                Market
                   Pembukaan                          Tertinggi                Terendah           Penutupan                        Total
    Period                                                                                                                                                    Trading Volume        Capitalization
                       Opening                         Highest                  Lowest             Closing                     Outstanding
                                                                                                                                                                 (Shares)               (Rp)
                                                                                                                              Shares (Shares)
 FY2025 (1 April 2025 - 31 Maret 2026 | April 1, 2025 - March 31, 2026)
      Q1                            4.200                   5.200                     3.920                       4.950                 840.000.000                 12.625.500     4.158.000.000.000
      Q2                            4.950                   5.700                     4.670                       4.770                 840.000.000                 35.675.600     4.006.800.000.000
      Q3                            4.770                   4.770                     4.140                       4.300                 840.000.000                 16.852.700     3.612.000.000.000
      Q4                            4.300                   4.550                     4.080                       4.360                 840.000.000                 19.197.600     3.662.400.000.000
 FY2024 (1 April 2024 - 31 Maret 2025 | April 1, 2024 - March 31, 2025)
      Q1                            6.250                   6.300                     5.875                       6.175                 840.000.000                 20.538.900     5.187.000.000.000
      Q2                            6.200                   6.800                     5.975                       6.525                 840.000.000                 61.052.200     5.481.000.000.000
      Q3                            6.525                   6.550                     4.580                       4.810                 840.000.000                 47.917.100     4.040.400.000.000
      Q4                            4.810                   4.950                     4.000                       4.210                 840.000.000                 11.883.600     3.536.400.000.000



Grafik Perdagangan Saham HEXA (FY2024-FY2025)
HEXA Stock Trading Chart (FY2024-FY2025)



   5.000.000
      5.000.000                                                                                                                                                                           8.000
                                                                                                                                                                                          8.000

   4.500.000
      4.500.000
                                                                                                                                                                                          7.000
                                                                                                                                                                                          7.000
   4.000.000
      4.000.000
                                                                                                                                                                                          6.000
                                                                                                                                                                                          6.000
   3.500.000
      3.500.000

   3.000.000
      3.000.000
                                                                                                                                                                                          5.000
                                                                                                                                                                                          5.000

   2.500.000
      2.500.000                                                                                                                                                                           4.000
                                                                                                                                                                                          4.000

   2.000.000
      2.000.000
                                                                                                                                                                                          3.000
                                                                                                                                                                                          3.000
   1.500.000
      1.500.000
                                                                                                                                                                                          2.000
                                                                                                                                                                                          2.000
   1.000.000
      1.000.000

      500.000
        500.000                                                                                                                                                                           1.000
                                                                                                                                                                                          1.000

                  0                                                                                                                                                                       0
                        FY2024


                                          FY2024



                                                                   FY2024



                                                                                      FY2024


                                                                                                      FY2025


                                                                                                                            FY2025



                                                                                                                                                  FY2025



                                                                                                                                                                       FY2025
                           FY2024



                                             FY2024




                                                                      FY2024




                                                                                         FY2024




                                                                                                         FY2025



                                                                                                                               FY2025




                                                                                                                                                     FY2025




                                                                                                                                                                          FY2025
                      Q1Q1


                                        Q2Q2



                                                                 Q3Q3



                                                                                    Q4Q4


                                                                                                    Q1Q1


                                                                                                                          Q2Q2



                                                                                                                                                Q3Q3



                                                                                                                                                                     Q4Q4




                                                                                                  VOLUME                                CLOSE
                                                                                      Volume                              Close




PT Hexindo Adiperkasa Tbk                                                                          12                                                    Laporan Tahunan & Laporan Keberlanjutan 2025

Page 13
                                                                                                                                               01

AKSI KORPORASI                                                                     CORPORATE ACTIONS
Sepanjang tahun buku 2025, Perseroan tidak melaksanakan                            Throughout the 2025 financial year, the Company did not
aksi korporasi yang berdampak pada perubahan saham,                                undertake any corporate actions that affected its shares, such
seperti pemecahan saham, penggabungan saham, dividen                               as stock splits, reverse stock splits, stock dividends, bonus
saham, saham bonus, maupun perubahan nilai nominal                                 shares, or changes in the nominal value of shares. In addition,
saham. Selain itu, Perseroan juga tidak melakukan penerbitan                       the Company did not issue any Bonds/Sukuk.
Obligasi/Sukuk.


PENGHENTIAN SEMENTARA PERDAGANGAN                                                  TEMPORARY SUSPENSION OF SHARE
SAHAM DAN/ATAU PENGHAPUSAN                                                         TRADING AND/OR DELISTING OF SHARES
PENCATATAN SAHAM
Sepanjang tahun buku 2025, Perseroan tidak pernah                                  Throughout the 2025 financial year, the Company was never
dikenakan sanksi terkait perdagangan saham dari Bursa, baik                        subject to any sanctions related to share trading imposed by
berupa penghentian sementara perdagangan saham, maupun                             the Stock Exchange, including temporary suspension of share
penghapusan pencatatan saham.                                                      trading or delisting of shares.




Kilas Peristiwa
Event Highlights



April | April
Peluncuran Aplikasi HSA Mobile                      Launching HSA Mobile Apps

Pada 26 April 2025, PT Hexindo Adiperkasa Tbk       April 26, 2025 – PT Hexindo Adiperkasa Tbk
meluncurkan Hexindo Smart Assistant (Mobile         launched the Hexindo Smart Assistant mobile
Apps) sebagai platform digital untuk memudahkan     application, a digital platform designed to enable
customer mengakses informasi unit, spare parts,     customers to access information on equipment
layanan servis, status transaksi, promo, serta      units, spare parts, service support, transaction
komunikasi dengan tim Hexindo secara cepat dan      status, promotions, and communication with the
efisien.                                            Hexindo team quickly and efficiently.




Agustus | August
Peluncuran Produk Baru ConSite Genuine              Launching New Product ConSite Genuine
Coolant 30%                                         Coolant 30%

Pada 6 Agustus 2025, Perusahaan meluncurkan         August 6, 2025 – The Company launched ConSite
ConSite Genuine Coolant 30% sebagai solusi          Genuine Coolant 30% as an engine cooling
pendingin engine sesuai standar performa unit.      solution that meets equipment performance
Produk ini berfungsi menjaga suhu kerja mesin dan   standards. The product is designed to maintain
mencegah korosi pada sistem pendingin. Varian       optimal engine operating temperatures and
30% memenuhi standar JIS K2234 dan dirancang        prevent corrosion within the cooling system. The
untuk engine Jepang seperti Hitachi ZX Series.      30% variant complies with JIS K2234 standards
                                                    and is specifically developed for Japanese engines,
                                                    including the Hitachi ZX Series.




2025 Annual Report & Sustainability Report                                    13                                            PT Hexindo Adiperkasa Tbk

Page 14
Ikhtisar 2025 | 2025 Highlights                                                         Tata Kelola Perusahaan | Corporate Governance
Laporan Manajemen | Management Report                                                   Laporan Keberlanjutan | Sustainability Report
Profil Perusahaan | Company Profile                                                     Laporan Keuangan | Financial Report
Analisis & Pembahasan Manajemen | Management Discussion & Analysis




September | September
Peluncuran ZX550LC-7G, ZX350LC-7G                       Launching ZX550LC-7G, ZX350LC-7G
Material Handling, dan Foton EV                         Material Handling, and Foton EV

Pada 11 September 2025, PT Hexindo Adiperkasa           September 11, 2025 – PT Hexindo Adiperkasa
Tbk meluncurkan tiga produk unggulan, yaitu             Tbk introduced three flagship products—Hitachi
Hitachi ZX550LC-7G, Hitachi ZX350LC-7G                  ZX550LC-7G, Hitachi ZX350LC-7G Material
Material Handling, dan Foton EV 8x4 dalam ajang         Handling, and the Foton EV 8x4—at Construction
Construction & Mining Indonesia 2025 di JIEXpo,         & Mining Indonesia 2025 held at JIExpo
Kemayoran, sebagai upaya memenuhi kebutuhan             Kemayoran, as part of its efforts to meet the needs
industri alat berat di Indonesia.                       of Indonesia’s heavy equipment industry.




Rapat Umum Pemegang Saham Tahunan                       Annual General Meeting of Shareholders
dan Paparan Publik                                      and Public Expose

Perseroan menyelenggarakan Rapat Umum                   The Company held its Annual General Meeting
Pemegang Saham Tahunan pada 16 September 2025           of Shareholders on 16 September 2025 at the
di Kantor Pusat Perseroan, Jakarta. Pada hari yang      Company's Head Office in Jakarta. On the same
sama, Perseroan juga menggelar Paparan Publik           day, the Company also conducted a Public Expose
bagi investor dan media.                                for investors and the media.




Oktober | October
Kegiatan Mining Customer Gathering                      Mining Customer Gathering

Pada 16 Oktober 2025, PT Hexindo Adiperkasa             October 16, 2025 – PT Hexindo Adiperkasa Tbk
Tbk menyelenggarakan Mining Customer Gathering          hosted a Mining Customer Gathering in Balikpapan
di Balikpapan sebagai ajang mempererat hubungan         to strengthen relationships with customers while
dengan pelanggan sekaligus memperkenalkan               showcasing its flagship products and after-sales
produk dan layanan purna jual unggulan.                 services.




Desember | December
Memperkenalkan TIANLI Tire ke Customer                  Introducing TIANLI Tires to Customers

Pada 15 Desember 2025, Hexindo memperkenalkan           December 15, 2025 – Hexindo introduced its
kerja sama dengan TIANLI dalam Customer                 partnership with TIANLI during a Customer
Gathering sebagai solusi ban kendaraan operasional.     Gathering event as a solution for operational vehicle
Produk ini tidak hanya untuk FOTON Truck, tetapi        tires. The products are suitable not only for FOTON
juga dapat digunakan pada berbagai jenis truk           trucks but also for various types of trucks based on
sesuai spesifikasi yang dibutuhkan.                     the required specifications.




PS Awards Semester I Tahun Buku 2025                    PS Award Semester I FY2025

Pada 11–12 Desember 2025, PT Hexindo                    December 11–12, 2025 – PT Hexindo Adiperkasa
Adiperkasa Tbk menyelenggarakan Product                 Tbk held the Product Support Award for the First
Support Award Semester I FY2025 sebagai bentuk          Semester of FY2025 to recognize the achievements
apresiasi atas kinerja tim Product Support, serta       of its Product Support team, as well as the Annual
Annual Meeting Semester II FY2025 untuk evaluasi        Meeting for the Second Semester of FY2025 to
dan penyelarasan strategi perusahaan.                   evaluate performance and align the Company’s
                                                        strategic direction.




PT Hexindo Adiperkasa Tbk                                                          14                                        Laporan Tahunan & Laporan Keberlanjutan 2025

Page 15
                                                                                                                             01

Januari 2026 | January 2026
Peluncuran Produk Baru ConSite Genuine              Launching New Product ConSite Genuine
Coolant 50%                                         Coolant 50%

Pada 20 Januari 2026, Perusahaan meluncurkan        January 20, 2026 – The Company launched ConSite
ConSite Genuine Coolant 50% sebagai solusi          Genuine Coolant 50% as an engine cooling solution
pendingin engine sesuai standar performa            that meets equipment performance standards. The
unit. Produk ini menjaga suhu kerja mesin           product helps maintain optimal engine operating
dan membantu mencegah korosi pada sistem            temperatures and prevent corrosion in cooling
pendingin. Varian 50% memenuhi spesifikasi OEM      systems. The 50% variant complies with OEM
seperti Cummins, MTU, Deutz, dan lainnya.           specifications, including those of Cummins, MTU,
                                                    Deutz, and other manufacturers.



Kegiatan Parts Customer Gathering                   Parts Customer Gathering

Pada 20 Januari 2026, PT Hexindo Adiperkasa Tbk     January 20, 2026 – PT Hexindo Adiperkasa Tbk
menyelenggarakan Parts Customer Gathering di        held a Parts Customer Gathering in Jambi, attended
Jambi dengan menghadirkan lebih dari 70 customer,   by more than 70 customers. The event also served
sekaligus memperkenalkan produk dan layanan         as a platform to introduce the Company's products
purna jual, termasuk ConSite Genuine Coolant.       and after-sales services, including ConSite Genuine
                                                    Coolant.




2025 Annual Report & Sustainability Report                                    15                          PT Hexindo Adiperkasa Tbk

Page 16
Ikhtisar 2025 | 2025 Highlights                                                      Tata Kelola Perusahaan | Corporate Governance
Laporan Manajemen | Management Report                                                Laporan Keberlanjutan | Sustainability Report
Profil Perusahaan | Company Profile                                                  Laporan Keuangan | Financial Report
Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Penghargaan dan Sertifikasi
Awards and Certifications




Penghargaan | Awards

                                                             Deskripsi Penghargaan   PT Hexindo Adiperkasa Tbk meraih Penghargaan Predikat Hijau pada Mitra
                                                             Award Description       Kerja Award 2024 atas prestasi kinerja dalam pengelolaan keselamatan,
                                                                                     kesehatan kerja, dan lingkungan pada bidang perawatan dan perbaikan
                                                                                     peralatan pertambangan di area kerja Sims Jaya Kaltim.
                                                                                     PT Hexindo Adiperkasa Tbk received the Green Rating Award at the Partner
                                                                                     Award 2024 in recognition of its outstanding performance in managing
                                                                                     occupational safety, health, and environmental practices in mining equipment
                                                                                     maintenance and repair operations at the Sims Jaya Kaltim work area.
                                                             Tanggal                 18 Februari 2025
                         1                                   Date                    February 18, 2025
                                                             Pemberi Penghargaan     PT Sims Jaya Kaltim
                                                             Issuer




                                                             Deskripsi Penghargaan   PT Hexindo Adiperkasa Tbk kembali menorehkan prestasi di bidang kepatuhan
                                                             Award Description       dengan meraih penghargaan tertinggi (Sapphire) pada Indonesia Regulatory
                                                                                     Compliance Awards 2025 (IRCA 2025), sebagai Best Enterprise in Regulatory
                                                                                     Compliance kategori Trade (Wholesale & Retail). Penghargaan ini merupakan
                                                                                     bukti komitmen perusahaan dalam menerapkan budaya kepatuhan dan tata
                                                                                     kelola perusahaan yang baik.
                                                                                     PT Hexindo Adiperkasa Tbk has once again made an achievement in the
                                                                                     field of compliance by winning the highest award (Sapphire) at the Indonesia
                                                                                     Regulatory Compliance Awards 2025 (IRCA 2025), as the Best Enterprise in
                                                                                     Regulatory Compliance in the Trade (Wholesale & Retail) category. This award
                                                                                     proofed the company's commitment to implementing a culture of compliance
                                                                                     and good corporate governance.
                         2
                                                             Tanggal                 9 Mei 2025
                                                             Date                    May 9, 2025
                                                             Pemberi Penghargaan     Hukumonline Indonesia Regulatory Compliance Awards 2025 (IRCA 2025)
                                                             Issuer




                                                             Deskripsi Penghargaan   PT Hexindo Adiperkasa Tbk meraih penghargaan atas pencapaian 524.553 jam
                                                             Award Description       kerja tanpa kecelakaan yang mengakibatkan kehilangan waktu kerja (Lost Time
                                                                                     Injury/LTI), sebagai wujud komitmen perusahaan dalam menerapkan standar
                                                                                     keselamatan dan kesehatan kerja secara konsisten.
                                                                                     PT Hexindo Adiperkasa Tbk received an award for achieving 524,553 Lost
                                                                                     Time Injury (LTI)-free manhours, reflecting the Company's commitment to
                                                                                     consistently maintaining high occupational safety and health standards.
                                                             Tanggal                 24 Mei 2025
                                                             Date                    May 24, 2025
                         3
                                                             Pemberi Penghargaan     PT Darma Henwa Tbk – Bengalon Coal Project
                                                             Issuer




                                                             Deskripsi Penghargaan   PT Hexindo Adiperkasa Tbk meraih penghargaan atas pencapaian Safety
                                                             Award Description       Accountability terbaik pada periode Juni 2025 sebagai bentuk apresiasi atas
                                                                                     komitmen perusahaan dalam menerapkan budaya keselamatan kerja secara
                                                                                     konsisten.
                                                                                     PT Hexindo Adiperkasa Tbk received an award for achieving the best Safety
                                                                                     Accountability performance in June 2025, recognizing the Company's
                                                                                     commitment to consistently fostering a strong safety culture.
                                                             Tanggal                 Juni 2025
                                                             Date                    June 2025
                         4
                                                             Pemberi Penghargaan     PT Darma Henwa Tbk – Bengalon Coal Project
                                                             Issuer




PT Hexindo Adiperkasa Tbk                                                       16                                        Laporan Tahunan & Laporan Keberlanjutan 2025

Page 17
                                                                                                                                            01

                                             Deskripsi Penghargaan   PT Hexindo Adiperkasa Tbk Site Adaro Tabalong meraih penghargaan K3
                                             Award Description       Zero Accident Award 2024 - 2025 sebagai bentuk apresiasi atas komitmen dan
                                                                     konsistensi perusahaan dalam menjaga standar keselamatan dan kesehatan
                                                                     kerja (K3) di seluruh aktivitas operasionalnya.
                                                                     PT Hexindo Adiperkasa Tbk's Adaro Tabalong Site received the Occupational
                                                                     Health and Safety (OHS) Zero Accident Award 2024–2025 in recognition of the
                                                                     Company's commitment and consistency in maintaining occupational health
                                                                     and safety standards across all operational activities.
                                             Tanggal                 Juni 2025
                         5                   Date                    June 2025
                                             Pemberi Penghargaan     Pemerintah Provinsi Kalimantan Selatan
                                             Issuer                  South Kalimantan Provincial Government




                                             Deskripsi Penghargaan   PT Hexindo Adiperkasa Tbk – Balikpapan meraih Peringkat Biru dalam
                                             Award Description       Program Penilaian Kinerja dalam Pengelolaan Lingkungan Hidup Provinsi
                                                                     Kalimantan Timur Periode 2024–2025 sebagai pengakuan atas kepatuhan
                                                                     dan komitmen perusahaan dalam pengelolaan lingkungan hidup yang
                                                                     berkelanjutan.
                                                                     PT Hexindo Adiperkasa Tbk – Balikpapan received the Blue Rating in the East
                                                                     Kalimantan Environmental Performance Assessment Program 2024–2025 in
                                                                     recognition of the Company's compliance and commitment to sustainable
                                                                     environmental management practices.
                                             Tanggal                 23 Juni 2025
                                             Date                    June 23, 2025
                                             Pemberi Penghargaan     DLH Provinsi Kalimantan Timur
                         6                   Issuer                  East Kalimantan Provincial Environmental Agency




                                             Deskripsi Penghargaan   PT Hexindo Adiperkasa Tbk meraih penghargaan atas keberhasilannya
                                             Award Description       mempertahankan kinerja Zero Accident KPLH di area operasional
                                                                     PT Saptaindra Sejati selama periode tahun 2025, yang mencerminkan
                                                                     komitmen perusahaan dalam menerapkan standar keselamatan kerja dan
                                                                     perlindungan lingkungan secara konsisten.
                                                                     PT Hexindo Adiperkasa Tbk received an award for successfully maintaining
                                                                     Zero Accident KPLH performance in PT Saptaindra Sejati's operational area
                                                                     throughout 2025, reflecting the Company's commitment to consistently
                                                                     implementing occupational safety and environmental protection standards.
                         7                   Tanggal                 2025
                                             Date
                                             Pemberi Penghargaan     PT Saptaindra Sejati ADMO Jobsite (AlamTri Geo)
                                             Issuer




                                             Deskripsi Penghargaan   PT Hexindo Adiperkasa Tbk Site Melak, Kabupaten Kutai Barat meraih
                                             Award Description       Penghargaan Kecelakaan Nihil (Zero Accident) Tahun 2024 atas keberhasilannya
                                                                     mencatat 921.697 jam kerja tanpa kecelakaan kerja selama periode 1 Januari
                                                                     2019 hingga 31 Desember 2024.
                                                                     PT Hexindo Adiperkasa Tbk Melak Site, West Kutai Regency, received the 2024
                                                                     Zero Accident Award for successfully achieving 921,697 work hours without a
                                                                     workplace accident during the period from January 1, 2019 to December 31,
                                                                     2024.
                                             Tanggal                 26 Juni 2025
                         8                   Date                    June 26, 2025
                                             Pemberi Penghargaan     Disnaker Provinsi Kalimantan Timur
                                             Issuer                  East Kalimantan Provincial Manpower Office




                                             Deskripsi Penghargaan   PT Hexindo Adiperkasa Tbk Site Bengalon Project meraih Penghargaan
                                             Award Description       Kecelakaan Nihil (Zero Accident) Tahun 2024 atas keberhasilannya mencatat
                                                                     524.553 jam kerja tanpa kecelakaan kerja selama periode 1 Agustus 2021
                                                                     hingga 31 Desember 2024.
                                                                     PT Hexindo Adiperkasa Tbk Bengalon Project Site received the 2024 Zero
                                                                     Accident Award for successfully achieving 524,553 work hours without a
                                                                     workplace accident during the period from August 1, 2021 to December 31,
                                                                     2024.
                                             Tanggal                 26 Juni 2025
                         9                   Date                    June 26, 2025
                                             Pemberi Penghargaan     Disnaker Provinsi Kalimantan Timur
                                             Issuer                  East Kalimantan Provincial Manpower Office



2025 Annual Report & Sustainability Report                      17                                                     PT Hexindo Adiperkasa Tbk

Page 18
Ikhtisar 2025 | 2025 Highlights                                                      Tata Kelola Perusahaan | Corporate Governance
Laporan Manajemen | Management Report                                                Laporan Keberlanjutan | Sustainability Report
Profil Perusahaan | Company Profile                                                  Laporan Keuangan | Financial Report
Analisis & Pembahasan Manajemen | Management Discussion & Analysis




                                                             Deskripsi Penghargaan   PT Hexindo Adiperkasa Tbk Site Kabupaten Paser meraih penghargaan
                                                             Award Description       kategori Platinum atas keberhasilannya dalam melaksanakan Program
                                                                                     Pencegahan dan Penanggulangan HIV & AIDS di Tempat Kerja sebagai bentuk
                                                                                     komitmen perusahaan dalam menciptakan lingkungan kerja yang sehat, aman,
                                                                                     dan inklusif.
                                                                                     PT Hexindo Adiperkasa Tbk's Paser Regency Site received the Platinum
                                                                                     category award for its successful implementation of the Workplace HIV &
                                                                                     AIDS Prevention and Control Program, reflecting the Company's commitment
                                                                                     to fostering a healthy, safe, and inclusive work environment.
                         10                                  Tanggal                 26 Juni 2025
                                                             Date                    June 26, 2025
                                                             Pemberi Penghargaan     Disnaker Provinsi Kalimantan Timur
                                                             Issuer                  East Kalimantan Provincial Manpower Office




                                                             Deskripsi Penghargaan   PT Hexindo Adiperkasa Tbk Site Kabupaten Paser meraih penghargaan kategori
                                                             Award Description       Platinum atas keberhasilannya dalam melaksanakan Program Penanggulangan
                                                                                     Tuberkulosis di Tempat Kerja sebagai bentuk komitmen perusahaan dalam
                                                                                     menciptakan lingkungan kerja yang sehat, aman, dan produktif.
                                                                                     PT Hexindo Adiperkasa Tbk in Paser Regency Site received the Platinum
                                                                                     category award for its successful implementation of the Workplace Tuberculosis
                                                                                     Control Program, reflecting the Company's commitment to fostering a healthy,
                                                                                     safe, and productive work environment.
                                                             Tanggal                 26 Juni 2025
                         11                                  Date                    June 26, 2025
                                                             Pemberi Penghargaan     Disnaker Provinsi Kalimantan Timur
                                                             Issuer                  East Kalimantan Provincial Manpower Office




                                                             Deskripsi Penghargaan   PT Hexindo Adiperkasa Tbk Site Sangatta, Kabupaten Kutai Timur meraih
                                                             Award Description       penghargaan kategori Platinum atas keberhasilannya dalam melaksanakan
                                                                                     Program Pencegahan dan Penanggulangan HIV & AIDS di Tempat Kerja
                                                                                     sebagai bentuk komitmen perusahaan dalam menciptakan lingkungan kerja
                                                                                     yang sehat, aman, dan inklusif.
                                                                                     PT Hexindo Adiperkasa Tbk Sangatta Site, East Kutai Regency, received the
                                                                                     Platinum category award for its successful implementation of the Workplace
                                                                                     HIV & AIDS Prevention and Control Program, reflecting the Company's
                                                                                     commitment to fostering a healthy, safe, and inclusive work environment.
                         12                                  Tanggal                 26 Juni 2025
                                                             Date                    June 26, 2025
                                                             Pemberi Penghargaan     Disnaker Provinsi Kalimantan Timur
                                                             Issuer                  East Kalimantan Provincial Manpower Office




                                                             Deskripsi Penghargaan   PT Hexindo Adiperkasa Tbk Site Sangatta, Kabupaten Kutai Timur meraih
                                                             Award Description       penghargaan kategori Platinum atas keberhasilannya dalam melaksanakan
                                                                                     Program Penanggulangan Tuberkulosis di Tempat Kerja sebagai bentuk
                                                                                     komitmen perusahaan dalam menciptakan lingkungan kerja yang sehat, aman,
                                                                                     dan produktif.
                                                                                     PT Hexindo Adiperkasa Tbk Sangatta Site, East Kutai Regency, received the
                                                                                     Platinum category award for its successful implementation of the Workplace
                                                                                     Tuberculosis Control Program, reflecting the Company's commitment to
                                                                                     fostering a healthy, safe, and productive work environment.
                         13                                  Tanggal                 26 Juni 2025
                                                             Date                    June 26, 2025
                                                             Pemberi Penghargaan     Disnaker Provinsi Kalimantan Timur
                                                             Issuer                  East Kalimantan Provincial Manpower Office




                                                             Deskripsi Penghargaan   PT Hexindo Adiperkasa Tbk Site Sangatta, Kabupaten Kutai Timur
                                                             Award Description       meraih Penghargaan Kecelakaan Nihil (Zero Accident) Tahun 2024 atas
                                                                                     keberhasilannya mencatat 3.052.902 jam kerja tanpa kecelakaan kerja selama
                                                                                     periode 22 Oktober 2020 hingga 31 Desember 2024.
                                                                                     PT Hexindo Adiperkasa Tbk Sangatta Site, East Kutai Regency, received the
                                                                                     2024 Zero Accident Award for successfully achieving 3,052,902 work hours
                                                                                     without a workplace accident during the period from October 22, 2020 to
                                                                                     December 31, 2024.
                                                             Tanggal                 26 Juni 2025
                         14                                  Date                    June 26, 2025
                                                             Pemberi Penghargaan     Disnaker Provinsi Kalimantan Timur
                                                             Issuer                  East Kalimantan Provincial Manpower Office



PT Hexindo Adiperkasa Tbk                                                       18                                        Laporan Tahunan & Laporan Keberlanjutan 2025

Page 19
                                                                                                                                             01

                                             Deskripsi Penghargaan   PT Hexindo Adiperkasa Kota Balikpapan meraih penghargaan kategori
                                             Award Description       Platinum atas keberhasilannya dalam melaksanakan Program Pencegahan
                                                                     dan Penanggulangan HIV & AIDS di Tempat Kerja sebagai bentuk komitmen
                                                                     perusahaan dalam menciptakan lingkungan kerja yang sehat, aman, dan inklusif.
                                                                     PT Hexindo Adiperkasa in Balikpapan City received the Platinum category
                                                                     award for its successful implementation of the Workplace HIV & AIDS
                                                                     Prevention and Control Program, reflecting the Company's commitment to
                                                                     fostering a healthy, safe, and inclusive work environment.
                                             Tanggal                 26 Juni 2025
                        15                   Date                    June 26, 2025
                                             Pemberi Penghargaan     Disnaker Provinsi Kalimantan Timur
                                             Issuer                  East Kalimantan Provincial Manpower Office




                                             Deskripsi Penghargaan   Perwakilan dari Departemen Reman Balikpapan (tim Reman 2) meraih
                                             Award Description       Excellence Prize di Small Group Activity Convention Event 2025.
                                                                     Representatives from the Reman Department Balikpapan (Reman Team 2)
                                                                     received the Excellence Prize at the Small Group Activity Convention Event
                                                                     2025.
                                             Tanggal                 6-7 November 2025
                                             Date                    November 6-7, 2025
                                             Pemberi Penghargaan     HCM Group
                        16
                                             Issuer




                                             Deskripsi Penghargaan   PT Hexindo Adiperkasa Tbk kembali menorehkan prestasi membanggakan
                                             Award Description       dengan meraih Penghargaan K3 Provinsi Kalimantan Timur Tahun 2025.
                                                                     Penghargaan ini mencakup beberapa kategori, termasuk Zero Accident (ZA),
                                                                     P2HIV, dan P2TB, sebagai bentuk pengakuan atas konsistensi perusahaan
                                                                     dalam menjaga keselamatan, kesehatan, dan produktivitas kerja.
                                                                     PT Hexindo Adiperkasa Tbk once again achieved a significant milestone by
                                                                     receiving the 2025 East Kalimantan Occupational Health and Safety (OHS)
                                                                     Award. The award covered several categories, including Zero Accident (ZA),
                                                                     HIV/AIDS Prevention and Control (P2HIV), and Tuberculosis Prevention
                                                                     and Control (P2TB), recognizing the Company's consistent efforts to maintain
                        17
                                                                     workplace safety, employee health, and productivity.
                                             Tanggal                 11 November 2025
                                             Date                    November 11, 2025
                                             Pemberi Penghargaan     Provinsi Kalimantan Timur
                                             Issuer                  East Kalimantan Provincial




                                             Deskripsi Penghargaan   PT Hexindo Adiperkasa Tbk meraih Penghargaan Paramakarya 2025 sebagai
                                             Award Description       pengakuan atas keberhasilan dalam penerapan sistem manajemen peningkatan
                                                                     produktivitas.
                                                                     PT Hexindo Adiperkasa Tbk received the 2025 Paramakarya Award in
                                                                     recognition of its successful implementation of a productivity improvement
                                                                     management system.
                                             Tanggal                 25 November 2025
                                             Date                    November 25, 2025
                        18                   Pemberi Penghargaan     Kementerian Ketenagakerjaan Republik Indonesia (Kemnaker RI)
                                             Issuer                  Ministry of Manpower of the Republic of Indonesia (Kemnaker RI)




                                             Deskripsi Penghargaan   PT Hexindo Adiperkasa Tbk meraih penghargaan Best Maintenance
                                             Award Description       Subcontractor atas pencapaian kinerja keselamatan terbaik (Best Safety
                                                                     Performance) selama tahun 2025.
                                                                     PT Hexindo Adiperkasa Tbk received the Best Maintenance Subcontractor
                                                                     award in recognition of its outstanding safety performance throughout 2025.
                                             Tanggal                 Januari 2026
                                             Date                    January 2026
                                             Pemberi Penghargaan     KPP Mining
                        19
                                             Issuer




2025 Annual Report & Sustainability Report                      19                                                      PT Hexindo Adiperkasa Tbk

Page 20
Ikhtisar 2025 | 2025 Highlights                                                      Tata Kelola Perusahaan | Corporate Governance
Laporan Manajemen | Management Report                                                Laporan Keberlanjutan | Sustainability Report
Profil Perusahaan | Company Profile                                                  Laporan Keuangan | Financial Report
Analisis & Pembahasan Manajemen | Management Discussion & Analysis




                                                             Deskripsi Penghargaan   PT Hexindo Adiperkasa Tbk meraih Penghargaan Program Pencegahan dan
                                                             Award Description       Penanggulangan HIV/AIDS di Tempat Kerja Tahun 2025 dengan predikat
                                                                                     Platinum untuk Site Balikpapan, Kideco, dan Samarinda sebagai pengakuan
                                                                                     atas keberhasilan perusahaan dalam menerapkan program pencegahan dan
                                                                                     penanggulangan HIV/AIDS di lingkungan kerja.
                                                                                     PT Hexindo Adiperkasa Tbk received the 2025 Workplace HIV/AIDS
                                                                                     Prevention and Control Program Award with a Platinum rating for the
                                                                                     Balikpapan, Kideco, and Samarinda Sites in recognition of the Company's
                                                                                     successful implementation of HIV/AIDS prevention and control programs in
                                                                                     the workplace.
                                                             Tanggal                 11 Februari 2026
                                                             Date                    February 11, 2026
                         20                                  Pemberi Penghargaan     Kementerian Ketenagakerjaan Republik Indonesia
                                                             Issuer                  Ministry of Manpower of the Republic of Indonesia




                                                             Deskripsi Penghargaan   PT Hexindo Adiperkasa Tbk meraih Penghargaan Program Pencegahan dan
                                                             Award Description       Penanggulangan HIV/AIDS di Tempat Kerja Tahun 2025 dengan predikat
                                                                                     Gold untuk Site Sangatta sebagai bentuk apresiasi atas komitmen perusahaan
                                                                                     dalam menjalankan program pencegahan dan penanggulangan HIV/AIDS di
                                                                                     lingkungan kerja.
                                                                                     PT Hexindo Adiperkasa Tbk received the 2025 Workplace HIV/AIDS
                                                                                     Prevention and Control Program Award with a Gold rating for the Sangatta
                                                                                     Site in recognition of the Company's commitment to implementing HIV/AIDS
                                                                                     prevention and control programs in the workplace.
                                                             Tanggal                 11 Februari 2026
                                                             Date                    February 11, 2026
                                                             Pemberi Penghargaan     Kementerian Ketenagakerjaan Republik Indonesia
                         21
                                                             Issuer                  Ministry of Manpower of the Republic of Indonesia




                                                             Deskripsi Penghargaan   PT Hexindo Adiperkasa Tbk meraih President Director Award Kategori Emas
                                                             Award Description       sebagai bentuk apresiasi atas partisipasi dan pencapaian luar biasa yang
                                                                                     ditunjukkan dalam kegiatan President Award Periode Tahun 2025.
                                                                                     PT Hexindo Adiperkasa Tbk received the President Director Award – Gold
                                                                                     Category in recognition of its outstanding participation and achievements
                                                                                     demonstrated during the 2025 President Award program.
                                                             Tanggal                 12 Februari 2026
                                                             Date                    February 12, 2026
                                                             Pemberi Penghargaan     PT Kideco Jaya Agung
                         22
                                                             Issuer




                                                             Deskripsi Penghargaan   PT Hexindo Adiperkasa Tbk meraih Juara 2 kategori Mitra Kerja Terbaik
                                                             Award Description       pada Bulan K3 Nasional BUMA–Adaro Tahun 2025 sebagai pengakuan atas
                                                                                     komitmen perusahaan dalam menerapkan budaya keselamatan kerja dan
                                                                                     membangun kemitraan yang unggul.
                                                                                     PT Hexindo Adiperkasa Tbk earned 2nd Place in the Best Business Partner
                                                                                     category at the BUMA–Adaro National Occupational Health and Safety Month
                                                                                     2025 in recognition of its commitment to promoting a strong safety culture and
                                                                                     fostering excellent partnership practices.
                                                             Tanggal                 19 Februari 2026
                         23                                  Date                    February 19, 2026
                                                             Pemberi Penghargaan     PT Bukit Makmur Mandiri Utama (BUMA) – Jobsite Adaro
                                                             Issuer




PT Hexindo Adiperkasa Tbk                                                       20                                        Laporan Tahunan & Laporan Keberlanjutan 2025

Page 21
                                                                                                                                                 01

Sertifikasi | Certification

                                             Deskripsi Sertifikasi        ISO 9001:2015 - Sistem Manajemen Mutu Lingkup: Penjualan dan distribusi
                                             Certification                alat berat dan jasa pertambangan pada Kantor Pusat dan Cabang Jakarta, serta
                                             Description                  Jasa Pertambangan, Product Support, dan Remanufacturing Balikpapan.
                                                                          ISO 9001:2015 - Quality Management System Scope: Sales and distribution of
                                                                          heavy equipment and mining services at the Head Office and Jakarta Branch,
                                                                          as well as Mining Services, Product Support, and Remanufacturing at the
                                                                          Balikpapan.
                                             Masa Berlaku                 22 Februari 2024 - 10 Januari 2027
                                             Validity Period              February 22, 2024 - January 10, 2027
                                             Pemberi Sertifikasi          SGS
                                             Issuer

                         1




                                             Deskripsi Sertifikasi        ISO 14001:2015 - Sistem Manajemen Lingkungan Lingkup: Penjualan dan
                                             Certification                distribusi alat berat dan jasa pertambangan pada Kantor Pusat, Cabang,
                                             Description                  Jakarta, Cabang Balikpapan, Product Support dan Remanufacturing Balikpapan.
                                                                          ISO 14001:2015 - Environmental Management System Scope: Sales and
                                                                          distribution of heavy equipment and mining services at the Head Office,
                                                                          Jakarta Branch, and Balikpapan Branch, including Product Support and
                                                                          Remanufacturing in Balikpapan.
                                             Masa Berlaku                 11 Februari 2025 - 1 Februari 2028
                                             Validity Period              February 11, 2025 - February 1, 2028
                                             Pemberi Sertifikasi          SGS
                                             Issuer

                         2




                                             Deskripsi Sertifikasi        ISO 45001:2018 - Sistem Manajemen K3 Lingkup: Penjualan dan distribusi
                                             Certification                alat berat dan jasa pertambangan pada Kantor Pusat dan Cabang Jakarta,
                                             Description                  serta Jasa Pertambangan, Product Support, dan Remanufacturing pada Cabang
                                                                          Balikpapan.
                                                                          ISO 45001:2018 - OHS Management System Scope: Sales and distribution of
                                                                          heavy equipment and mining services at the Head Office and Jakarta Branch,
                                                                          as well as Mining Services, Product Support, and Remanufacturing at the
                                                                          Balikpapan Branch.
                                             Masa Berlaku                 13 Februari 2025 - 11 Februari 2028
                                             Validity Period              February 13, 2025 - February 11, 2028
                                             Pemberi Sertifikasi          SGS
                                             Issuer
                         3




                                             Deskripsi Sertifikasi        Sistem Manajemen Keselamatan dan Kesehatan Kerja (SMK3) - Emas Lingkup:
                                             Certification                Penjualan alat berat merk Hitachi dan Bell, penyediaan suku cadang, dukungan
                                             Description                  service dan kontrak pemeliharaan penuh - Wilayah Kerja Kantor Pusat dan
                                                                          Kantor Balikpapan.
                                                                          Occupational Health and Safety Management System (SMK3) - Gold Scope:
                                                                          Sales of Hitachi and Bell brand heavy equipment, provision of spare parts,
                                                                          service support, and full maintenance contracts - Head Office and Balikpapan
                                                                          Office Coverage
                                             Masa Berlaku                 6 Oktober 2025 - 6 Oktober 2028
                                             Validity Period              October 6, 2025 - October 6, 2028
                                             Pemberi Sertifikasi          KEMNAKER RI
                                             Issuer                       Ministry of Manpower of Indonesia
                         4




2025 Annual Report & Sustainability Report                           21                                                     PT Hexindo Adiperkasa Tbk

Page 22

Page 23
  Laporan
Manajemen
Management Report

Page 24
 Ikhtisar 2025 | 2025 Highlights                                           Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                     Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                       Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




PT Hexindo Adiperkasa Tbk                                             24                                        Laporan Tahunan & Laporan Keberlanjutan 2025

Page 25
                                                                                                                                  02

Laporan Dewan Komisaris
Board of Commissioners Report




Toto                                                            "Kinerja Direksi sepanjang 2025 menunjukkan
                                                                kemampuan Perseroan untuk bertumbuh di
Wahyudiyanto                                                    tengah tantangan pasar melalui strategi yang
                                                                adaptif, eksekusi yang efektif, dan fokus pada
                                                                penciptaan nilai yang berkelanjutan."

Presiden Komisaris (Komisaris Independen)                       "The Board of Directors' performance throughout 2025
President Commissioner (Independent Commissioner)
                                                                demonstrated the Company's ability to grow amid
                                                                challenging market conditions through adaptive strategies,
                                                                effective execution, and a strong focus on creating
                                                                sustainable value."




Pemegang Saham dan Pemangku Kepentingan yang Terhormat,
Dear Shareholders and Stakeholders,



Dari sudut pandang Dewan Komisaris, tahun buku 2025                  From the Board of Commissioners' perspective, the fiscal year
adalah tahun yang menegaskan kematangan dan ketangguhan              2025 demonstrated the Company's maturity and resilience in
Perseroan dalam menavigasi pasar yang menantang. Di tengah           navigating a challenging market environment. Amid slowing
permintaan alat berat nasional yang melandai dan tekanan             demand for heavy equipment in Indonesia and margin
margin yang menekan seluruh pelaku industri, Direksi berhasil        pressure across the industry, the Board of Directors successfully
menjaga Perseroan tetap tumbuh secara volume, memperkuat             maintained sales volume growth, strengthened the Company's
posisi pasar, dan mempertahankan arus kas serta neraca               market position, preserved healthy cash flow and a sound
yang sehat, sekaligus melaksanakan transisi kepemimpinan             balance sheet, while also carrying out a smooth leadership
dan agenda diversifikasi produk secara terarah. Dewan                transition and advancing its product diversification strategy.
Komisaris menilai capaian ini sebagai cerminan tata kelola           The Board of Commissioners considers these achievements to
dan kepemimpinan yang responsif, dan memandang tahun ini             reflect responsive leadership and sound corporate governance,
sebagai fondasi yang kokoh bagi pertumbuhan berkelanjutan            and views the year as a solid foundation for the Company's
Perseroan ke depan.                                                  sustainable growth in the years ahead.


TINJAUAN KINERJA DAN PENGAWASAN                                      OVERVIEW OF PERFORMANCE AND
                                                                     SUPERVISORY
Sepanjang tahun buku 2025, Dewan Komisaris menjalankan               Throughout the fiscal year 2025, the Board of Commissioners
fungsi pengawasan dan pemberian nasihat atas jalannya                carried out its supervision and advisory responsibilities over
pengurusan Perseroan oleh Direksi, sebagaimana diamanatkan           the management of the Company by the Board of Directors,
dalam anggaran dasar dan peraturan perundang-undangan                in accordance with the Company's Articles of Association
yang berlaku. Pengawasan dilakukan secara berkesinambungan           and the applicable laws and regulations. Supervision was
melalui rapat Dewan Komisaris, rapat gabungan dengan                 conducted continuously through Board of Commissioners
Direksi, penelaahan laporan berkala kinerja operasional dan          meetings, joint meetings with the Board of Directors, reviews
keuangan, serta pemberian arahan dan rekomendasi atas isu-           of periodic operational and financial performance reports,




2025 Annual Report & Sustainability Report                      25                                             PT Hexindo Adiperkasa Tbk

Page 26
 Ikhtisar 2025 | 2025 Highlights                                           Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                     Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                       Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




isu strategis. Dalam menjalankan fungsi ini, Dewan Komisaris               and the provision of guidance and recommendations on
dibantu oleh Komite Audit sebagai perpanjangan tangan                      strategic matters. In performing these duties, the Board of
pengawasan, khususnya dalam menelaah laporan keuangan,                     Commissioners was supported by the Audit Committee,
efektivitas pengendalian internal, dan proses manajemen                    particularly in reviewing the financial statements, evaluating
risiko.                                                                    the effectiveness of internal controls, and overseeing the
                                                                           Company's risk management processes.


Dewan Komisaris terlibat aktif dalam mengawasi proses                      The Board of Commissioners was actively involved in
perumusan strategi yang dilakukan Direksi. Dewan Komisaris                 overseeing the formulation of the Company's strategy by the
menelaah asumsi-asumsi yang mendasari Rencana Kerja                        Board of Directors. It reviewed the key assumptions underlying
dan Anggaran Perusahaan (RKAP) tahun buku 2025,                            the 2025 Annual Work Plan and Budget, provided input on
memberikan masukan atas arah strategis di tengah proyeksi                  the Company's strategic direction amid a weakening market
pasar yang melemah, dan memastikan strategi yang ditetapkan                outlook, and ensured that the adopted strategy was realistic
realistis serta selaras dengan visi dan misi Perseroan. Dewan              and aligned with the Company's vision and mission. The
Komisaris menilai bahwa keputusan Direksi untuk menempuh                   Board considers the Board of Directors' decision to pursue
strategi diversifikasi produk, perluasan sektor pengguna, dan              product diversification, expand into new customer sectors,
penguatan layanan purnajual merupakan langkah yang tepat                   and strengthen after-sales services to be the right approach for
untuk mengurangi ketergantungan pada siklus komoditas.                     reducing the Company's dependence on commodity cycles.


Dewan Komisaris menilai kinerja Direksi dalam mengelola                    Overall, the Board of Commissioners believes that the Board
Perseroan pada tahun buku 2025 secara keseluruhan baik                     of Directors performed well in managing the Company
dan patut diapresiasi, dengan mempertimbangkan kondisi                     during financial year 2025, particularly given the challenging
pasar yang tidak mudah. Dari sisi operasional, Direksi                     market conditions. Operationally, the Company recorded an
berhasil membukukan pertumbuhan volume penjualan unit                      18.2% increase in unit sales volume and exceeded the heavy
sebesar 18,2% dan melampaui sasaran penjualan alat berat                   equipment sales target set out in the Annual Work Plan and
yang ditetapkan dalam RKAP, di saat pasar nasional justru                  Budget, despite expectations of a contraction in the national
diperkirakan terkontraksi. Keberhasilan penetrasi segmen                   market. The successful expansion into the agribusiness sector,
agribisnis sebagai kontributor terbesar penjualan ekskavator               which became the largest contributor to excavator sales,
menunjukkan bahwa strategi diversifikasi sektor pengguna                   demonstrated the effective implementation of the Company's
telah dijalankan secara efektif.                                           customer sector diversification strategy.


Dari sisi keuangan, Dewan Komisaris mencatat bahwa                         From a financial perspective, the Board of Commissioners
penghasilan neto relatif terjaga, namun laba bersih berada di              noted that net revenue remained relatively stable, while net
bawah sasaran RKAP akibat kompresi margin dan pergeseran                   profit fell below the target set in the Annual Work Plan and
bauran penjualan menuju unit baru serta melemahnya                         Budget due to margin compression, a shift in the sales mix
kontribusi suku cadang. Dewan Komisaris memandang hal                      toward new equipment, and lower contributions from spare
ini sebagai konsekuensi wajar dari pilihan mempertahankan                  parts sales. The Board considers this to be a reasonable
pertumbuhan volume dan pangsa pasar di tengah persaingan                   consequence of the Company's decision to prioritize sales
harga yang ketat, dan menekankan agar pemulihan margin                     volume growth and market share in an increasingly competitive
menjadi prioritas perbaikan pada tahun-tahun berikutnya. Di                pricing environment, while emphasizing that improving
sisi lain, Dewan Komisaris memberikan apresiasi khusus atas                profitability should remain a key priority in the coming years.
lonjakan arus kas dari aktivitas operasi yang meningkat lebih              On the other hand, the Board highly appreciates the more than
dari empat kali lipat, serta struktur permodalan yang tetap                fourfold increase in cash flows from operating activities and
sehat sebagai bukti bahwa Direksi mengelola likuiditas dan                 the Company's continued healthy capital structure, reflecting
modal kerja secara disiplin. Secara umum, Dewan Komisaris                  disciplined liquidity and working capital management by the
menilai Direksi telah menjalankan pengelolaan Perseroan                    Board of Directors. Overall, the Board believes that the Board
dengan penuh tanggung jawab, hati-hati, dan berorientasi                   of Directors managed the Company responsibly, prudently,
pada keberlanjutan.                                                        and with a strong focus on long-term sustainability.




PT Hexindo Adiperkasa Tbk                                             26                                        Laporan Tahunan & Laporan Keberlanjutan 2025

Page 27
                                                                                                                                     02




PANDANGAN ATAS PROSPEK USAHA                                          VIEW ON BUSINESS PROSPECTS
Dewan Komisaris telah menelaah prospek usaha yang disusun             The Board of Commissioners has reviewed the business
oleh Direksi dan pada dasarnya sependapat dengan pandangan            outlook prepared by the Board of Directors and generally
tersebut. Prospek yang disusun Direksi bertumpu pada                  agrees with its assessment. The outlook is based on improving
indikator makro dan industri yang membaik, antara lain target         macroeconomic and industry indicators, including the
pertumbuhan ekonomi nasional 2026 sebesar 5,4% dalam                  Indonesian Government's 2026 economic growth target of
APBN 2026, keberlanjutan program prioritas pemerintah                 5.4% as set out in the 2026 State Budget, the continuation of
di bidang ketahanan pangan (termasuk food estate), energi,            government priority programs in food security (including
dan infrastruktur, serta proyeksi Asosiasi Industri Alat Berat        food estate projects), energy, and infrastructure, as well as the
Indonesia (HINABI) bahwa produksi alat berat nasional 2026            Indonesian Heavy Equipment Industry Association's (HINABI)
akan tumbuh pada kisaran 5%–10%. Dewan Komisaris menilai              projection that national heavy equipment production will grow
asumsi-asumsi ini realistis dan tercermin secara memadai              by approximately 5% to 10% in 2026. The Board considers
dalam arah strategi Perseroan.                                        these assumptions to be realistic and appropriately reflected in
                                                                      the Company's strategic direction.


Dewan Komisaris mendukung kelanjutan strategi diversifikasi           The Board supports the continuation of the Company's product
produk dan sektor pengguna, termasuk pendalaman lini truk             and customer sector diversification strategy, including the
Foton beserta varian listriknya yang memposisikan Perseroan           expansion of the Foton truck business and its electric vehicle
pada tren elektrifikasi dan keberlanjutan, serta penguatan            variants, which position the Company to benefit from the
lini ekskavator Hitachi generasi terbaru. Dewan Komisaris             growing trends of electrification and sustainability, as well as the
menekankan bahwa peluang pertumbuhan tersebut perlu                   strengthening of the latest generation Hitachi excavator product




2025 Annual Report & Sustainability Report                       27                                               PT Hexindo Adiperkasa Tbk

Page 28
 Ikhtisar 2025 | 2025 Highlights                                           Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                     Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                       Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




diimbangi dengan fokus pada pemulihan profitabilitas,                      line. The Board emphasizes that these growth opportunities
penguatan kembali kontribusi pendapatan berulang dari                      should be accompanied by continued efforts to improve
suku cadang dan jasa purnajual, serta kehati-hatian dalam                  profitability, strengthen recurring income from spare parts
mengelola risiko pasar, nilai tukar, dan modal kerja. Dengan               and after-sales services, and maintain prudent management of
posisi kas yang kuat dan portofolio produk yang semakin                    market, foreign exchange, and working capital risks. With its
lengkap, Dewan Komisaris meyakini Perseroan berada pada                    strong cash position and increasingly comprehensive product
posisi yang baik untuk memanfaatkan peluang usaha ke depan                 portfolio, the Board believes the Company is well positioned to
secara berkelanjutan.                                                      capture future business opportunities and deliver sustainable
                                                                           growth.


PANDANGAN ATAS PENERAPAN TATA KELOLA                                       VIEW ON THE IMPLEMENTATION OF GOOD
                                                                           CORPORATE GOVERNANCE
Dewan Komisaris menilai bahwa Perseroan telah menerapkan                   The Board of Commissioners believes that the Company
prinsip-prinsip tata kelola perusahaan yang baik (Good                     consistently implemented the principles of Good Corporate
Corporate Governance/GCG) secara konsisten sepanjang tahun                 Governance (GCG) throughout financial year 2025. The
buku 2025. Direksi telah menjalankan fungsi pengurusan                     Board of Directors carried out its management responsibilities
secara kolegial dengan pembagian tugas yang jelas dan menjaga              collectively, with a clear division of duties, while maintaining
hubungan kerja yang konstruktif dengan Dewan Komisaris                     a constructive working relationship with the Board of
melalui rapat berkala serta pelaporan yang transparan,                     Commissioners through regular meetings and transparent
sehingga fungsi pengawasan dapat berjalan efektif.                         reporting, enabling effective oversight.


Dewan Komisaris memandang bahwa fungsi kepatuhan                           The Board also believes that the Company's compliance
(compliance) telah dijalankan dengan baik, tercermin dari                  function was implemented effectively, as reflected in its
ketaatan Perseroan terhadap peraturan perundang-undangan,                  adherence to applicable laws and regulations, the requirements
ketentuan Otoritas Jasa Keuangan (OJK) dan Bursa Efek                      of the Financial Services Authority (OJK) and the Indonesia
Indonesia, keterbukaan informasi yang tepat waktu, serta                   Stock Exchange, timely information disclosure, and fulfillment
pemenuhan kewajiban pelaporan berkala.                                     of its periodic reporting obligations.


Dewan Komisaris juga menilai penerapan manajemen risiko                    In addition, the Board considers the Company's risk
telah berjalan memadai, dengan mitigasi yang relevan atas                  management framework to be adequate, with appropriate
risiko pasar dan siklus komoditas melalui diversifikasi, serta             mitigation measures for market and commodity cycle risks
pengendalian risiko kredit, nilai tukar, dan modal kerja. Melalui          through diversification, as well as effective management of
Komite Audit, Dewan Komisaris memastikan efektivitas                       credit, foreign exchange, and working capital risks. Through
pengendalian internal dan integritas pelaporan keuangan tetap              the Audit Committee, the Board of Commissioners ensured
terjaga. Dewan Komisaris mendorong Direksi untuk terus                     that the effectiveness of internal controls and the integrity of
meningkatkan kualitas penerapan tata kelola dan memperkuat                 financial reporting were maintained. The Board encourages
integrasi aspek keberlanjutan ke dalam kegiatan usaha.                     the Board of Directors to continue strengthening corporate
                                                                           governance practices and further integrate sustainability
                                                                           considerations into the Company's business activities.




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                                                                                                                                      02

APRESIASI DAN PENUTUP                                                    APPRECIATION AND CLOSING
Mengakhiri laporan ini, atas nama Dewan Komisaris, kami                  In closing, on behalf of the Board of Commissioners, we
menyampaikan penghargaan dan terima kasih yang setinggi-                 would like to express our sincere appreciation to the Board
tingginya kepada Direksi atas kepemimpinan, kerja keras, dan             of Directors for its leadership, dedication, and hard work in
dedikasinya dalam mengelola Perseroan sepanjang tahun buku               managing the Company responsibly throughout financial year
2025 dengan penuh tanggung jawab di tengah tantangan yang                2025 despite the challenging business environment. We also
tidak ringan. Kami juga menyampaikan apresiasi yang tulus                extend our heartfelt appreciation to all employees for their
kepada seluruh karyawan Perseroan atas komitmen, integritas,             commitment, integrity, and valuable contributions, which
dan kontribusinya yang menjadi kekuatan utama dalam                      remain the foundation of the Company's competitiveness.
menjaga daya saing Perseroan.


Kepada para pemegang saham, pelanggan, mitra usaha,                      We also thank our shareholders, customers, business
prinsipal, lembaga keuangan, serta otoritas dan pemerintah,              partners, principals, financial institutions, and government
kami menyampaikan terima kasih atas kepercayaan dan                      authorities for their continued trust and support. The Board of
dukungan yang berkelanjutan. Dewan Komisaris optimistis                  Commissioners remains confident that, with strong corporate
bahwa dengan tata kelola yang kuat, strategi yang tepat, dan             governance, the right strategy, and the continued collaboration
kerja sama seluruh pemangku kepentingan, Perseroan akan                  of all stakeholders, the Company will continue to grow
terus tumbuh dan menciptakan nilai jangka panjang secara                 sustainably and create long-term value for all stakeholders.
berkelanjutan.




                                                      Atas nama Dewan Komisaris,
                                                  On Behalf of the Board of Commissioners,




                                                        Toto Wahyudiyanto
                                               Presiden Komisaris (Komisaris Independen)
                                             President Commissioner (Independent Commissioner)




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 Ikhtisar 2025 | 2025 Highlights                                           Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                     Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                       Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




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                                                                                                                                             02

Laporan Direksi
Board of Directors Report




Dwi                                                                  "Volume penjualan Perseroan tumbuh 16,4%
                                                                     menjadi 3.880 unit pada 2025, didukung
Swasono                                                              kontribusi terbesar segmen agribisnis sebanyak
                                                                     1.409 unit, yang mencerminkan keberhasilan
                                                                     strategi diversifikasi sektor."

Presiden Direktur                                                        "The Company's sales volume grew by 16.4% to 3,880 units
President Director
                                                                         in 2025, supported by the agribusiness segment as the
                                                                         largest contributor with 1,409 units, reflecting the success of
                                                                         its sector diversification strategy."




Pemegang Saham dan Pemangku Kepentingan yang Terhormat,
Dear Shareholders and Stakeholders,



Tahun buku 2025 adalah tahun ketika Perseroan memilih                         Financial year 2025 was a year in which the Company chose
untuk terus tumbuh di tengah pasar yang menantang. Di saat                    to continue growing despite challenging market conditions.
permintaan alat berat nasional melandai dan tekanan harga                     While demand for heavy equipment in Indonesia softened
menekan profitabilitas industri, Perseroan justru berhasil                    and pricing pressure weighed on industry profitability, the
memperluas penjualan dan memperkuat posisi pasarnya                           Company successfully expanded its sales and strengthened its
melalui strategi diversifikasi produk dan penetrasi sektor                    market position through its product diversification strategy
pengguna yang lebih beragam. Ketahanan arus kas dan                           and broader penetration into various customer sectors. The
kekuatan neraca tetap terjaga sebagai fondasi keberlanjutan,                  Company maintained strong cash flow and a healthy balance
seiring transisi kepemimpinan Direksi yang berlangsung mulus                  sheet as the foundation for sustainable growth, while the
dan menegaskan kesinambungan arah strategi Perseroan.                         smooth leadership transition within the Board of Directors
Tahun ini menjadi bukti bahwa ketangguhan Perseroan tidak                     reinforced the continuity of the Company's strategic direction.
semata bertumpu pada satu siklus komoditas, melainkan pada                    This year demonstrated that the Company's resilience is built
kemampuan beradaptasi dan melayani beragam kebutuhan                          not on a single commodity cycle, but on its ability to adapt and
pelanggan.                                                                    serve the diverse needs of its customers.


TINJAUAN EKONOMI DAN INDUSTRI ALAT                                            ECONOMIC AND HEAVY EQUIPMENT
BERAT                                                                         INDUSTRY OVERVIEW
Sepanjang tahun buku 2025, perekonomian Indonesia tetap                       Throughout financial year 2025, Indonesia's economy
tumbuh pada kisaran 5% ditopang oleh konsumsi domestik                        continued to grow at around 5%, supported by stable domestic
yang     stabil,    keberlanjutan        proyek-proyek   infrastruktur        consumption, the continuation of strategic infrastructure
strategis, serta aktivitas sektor pertambangan dan perkebunan                 projects, and solid activity in the mining and plantation
yang masih solid. Pemerintah melanjutkan pembangunan                          sectors. The Government continued the development of the
Ibu Kota Nusantara (IKN), jalan tol, pelabuhan, bandara, dan                  Nusantara Capital City (IKN), toll roads, ports, airports,
kawasan industri, yang seluruhnya menjadi mesin permintaan                    and industrial estates, all of which supported demand for
bagi alat berat konstruksi. Di sisi lain, harga komoditas                     construction equipment. At the same time, commodity prices,
khususnya batu bara dan nikel bergerak fluktuatif sehingga                    particularly coal and nickel, remained volatile, leading some


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 Ikhtisar 2025 | 2025 Highlights                                                        Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                  Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                    Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




belanja modal sebagian pelaku pertambangan menjadi lebih                                mining companies to adopt a more cautious approach to
selektif.                                                                               capital expenditure.


Industri alat berat nasional bergerak dalam kondisi yang                                The national heavy equipment industry operated in a
menantang. Penjualan alat berat baru nasional pada 2025                                 challenging environment. Sales of new heavy equipment in
diperkirakan berada di kisaran 23.000 unit, atau turun sekitar                          Indonesia were estimated at approximately 23,000 units in
5% dibandingkan tahun sebelumnya, terutama akibat sikap                                 2025, representing a decline of around 5% from the previous
wait-and-see pelaku tambang di tengah wacana pemangkasan                                year. This was mainly due to a wait-and-see approach among
Rencana Kerja dan Anggaran Biaya (RKAB) serta volatilitas                               mining companies amid discussions on reductions to the Work
harga komoditas. Karakteristik industri ini sangat bergantung                           Plan and Budget (RKAB) and continued commodity price
pada sektor pengguna, lebih dari separuh permintaan berasal                             volatility. The industry remains highly dependent on end-user
dari pertambangan (batu bara, nikel, emas, timah, dan bauksit),                         sectors, with more than half of total demand coming from
sementara sisanya tersebar pada konstruksi/infrastruktur,                               mining, including coal, nickel, gold, tin, and bauxite, while
kehutanan, dan agribisnis/perkebunan kelapa sawit.                                      the remainder is driven by construction and infrastructure,
                                                                                        forestry, and agribusiness, particularly oil palm plantations.


Bagi Perseroan, keragaman sektor pengguna ini merupakan                                 For the Company, this diversity of end-user sectors provides
peluang       sekaligus       penyeimbang.            Ketika          permintaan        both opportunities and balance. As demand from the
tambang melandai, sektor agribisnis dan perkebunan justru                               mining sector softened, the agribusiness and plantation
menunjukkan pertumbuhan permintaan yang kuat sebagai                                    sectors experienced stronger demand driven by equipment
pengganti alat berat yang telah berumur (replacement) maupun                            replacement and plantation expansion, while government
perluasan area, sementara proyek infrastruktur pemerintah                               infrastructure projects continued to support demand in the
menjaga permintaan pada segmen konstruksi. Kombinasi                                    construction segment. This diversified customer base enabled
ini memungkinkan Perseroan memitigasi siklus komoditas                                  the Company to mitigate commodity cycle risks by serving a
dengan menyebar basis pelanggannya ke banyak sektor                                     broader range of end-user industries.
pengguna akhir.


STRATEGI DAN KEBIJAKAN STRATEGIS 2025                                                   STRATEGY AND STRATEGIC POLICIES IN 2025
Menghadapi pasar yang diproyeksikan menyusut, Direksi                                   In anticipation of a contracting market, the Board of Directors
menetapkan strategi bertahan sekaligus tumbuh yang                                      adopted a strategy focused on both resilience and growth, built
bertumpu pada tiga pilar utama yaitu diversifikasi produk,                              on three key pillars: product diversification, expansion into
perluasan sektor pengguna, dan penguatan layanan purnajual                              new customer sectors, and strengthening after-sales services as
sebagai sumber pendapatan berulang.                                                     a source of recurring revenue.


Pada pilar diversifikasi produk, Perseroan memperluas                                   Under the product diversification strategy, the Company
portofolio di luar lini utama ekskavator Hitachi. Perseroan                             expanded its portfolio beyond its core Hitachi excavator
memperkenalkan generasi terbaru ekskavator Hitachi seri                                 business. It introduced the latest Hitachi ZX-7G Series
ZX-7G termasuk ZX550LC-7G dan ZX350LC-7G Material                                       excavators, including the ZX550LC-7G and ZX350LC-7G
Handling, serta memperkuat lini truk melalui merek Foton asal                           Material Handling models, while strengthening its truck
Tiongkok, dilengkapi dengan layanan penjualan dan reparasi.                             business through the Foton brand from China, supported by
Langkah paling menonjol adalah pengenalan Foton EV 8×4,                                 comprehensive sales and repair services. One of the Company's
truk listrik ramah lingkungan berbobot operasi 24.800 kg                                most significant initiatives was the introduction of the Foton
bertenaga baterai CATL berkapasitas 352,08 kWh yang mampu                               EV 8×4, an environmentally friendly electric truck with an
menempuh hingga 110 km dengan pengisian daya hanya satu                                 operating weight of 24,800 kg, powered by a 352.08 kWh CATL
jam, menandai masuknya Perseroan ke era elektrifikasi alat                              battery. The vehicle offers a driving range of up to 110 km with
angkut. Perseroan juga menghadirkan Morooka carrier dump                                only one hour of charging, marking the Company's entry into
untuk kebutuhan pengangkutan di perkebunan kelapa sawit                                 the electrification era of commercial transport equipment.
dan unit BX100 Backhoe Loader untuk melengkapi solusi bagi                              The Company also introduced the Morooka carrier dump for
pelanggan.                                                                              transportation needs in oil palm plantations and the BX100
                                                                                        Backhoe Loader unit to further enhance its customer solutions.


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                                                                                                                                            02

Pada pilar perluasan sektor pengguna, Perseroan secara aktif                   To expand its customer base, the Company actively developed
menggarap sektor agribisnis, kehutanan, perkebunan, dan                        business opportunities in the agribusiness, forestry, plantation,
konstruksi untuk mengurangi ketergantungan pada siklus                         and construction sectors to reduce its dependence on mining
pertambangan. Strategi ini terbukti efektif dengan indikasi                    cycles. This strategy proved effective, as the agribusiness
bahwa sektor agribisnis menjadi andalan pertumbuhan                            sector became the primary driver of excavator sales growth
penjualan ekskavator pada tahun buku 2025. Pada pilar layanan                  during the financial year 2025. In terms of after-sales
purnajual, Perseroan terus memperkuat jaringan 18 cabang                       services, the Company continued to strengthen its network
utama dan dukungan suku cadang serta jasa pemeliharaan                         of 18 main branches, supported by spare parts availability
sebagai fondasi hubungan jangka panjang dengan pelanggan                       and maintenance services. These efforts reinforced long-term
sekaligus penyangga pendapatan di saat penjualan unit                          customer relationships while providing a stable source of
berfluktuasi.                                                                  revenue when equipment sales fluctuated.


PERAN DIREKSI DALAM PERUMUSAN                                                  THE ROLE OF THE BOARD OF DIRECTORS IN
STRATEGI                                                                       STRATEGY FORMULATION
Direksi mengemban tanggung jawab penuh atas perumusan                          The Board of Directors bears full responsibility for formulating
arah strategis Perseroan, dengan berpedoman pada visi, misi,                   the Company's strategic direction, guided by the Company's
dan Rencana Jangka Panjang Perusahaan serta memperhatikan                      vision, mission, and Long-Term Corporate Plan, while
masukan        dan     pengawasan            Dewan   Komisaris.   Dalam        taking into account the input and oversight of the Board of
menyusun strategi tahun buku 2025, Direksi melakukan                           Commissioners. In developing the strategy for financial year
analisis menyeluruh atas tren pasar, dinamika harga komoditas,                 2025, the Board of Directors conducted a comprehensive
kebijakan pemerintah, serta posisi kompetitif Perseroan,                       assessment of market trends, commodity price movements,
kemudian menerjemahkannya ke dalam Rencana Kerja dan                           government policies, and the Company's competitive position,
Anggaran Perusahaan (RKAP) yang terukur.                                       and translated these analyses into a measurable Annual Work
                                                                               Plan and Budget (RKAP).


Perumusan strategi dilakukan secara kolegial. Setiap anggota                   The strategy formulation process was carried out collectively.
Direksi membawahi bidang tugas tertentu dan memberikan                         Each member of the Board of Directors was responsible for
sudut pandang sesuai kompetensinya, namun keputusan                            specific areas of management and contributed expertise from
strategis diambil secara kolektif untuk memastikan keselarasan                 their respective fields, while strategic decisions were made
lintas fungsi. Direksi secara berkala mengevaluasi asumsi                      jointly to ensure alignment across all functions. The Board of
yang mendasari strategi terhadap perkembangan pasar dan                        Directors regularly reviewed the assumptions underlying its
menyesuaikan prioritas apabila diperlukan, sehingga arah                       strategy against market developments and adjusted priorities
usaha Perseroan tetap relevan dengan kondisi yang dihadapi.                    when necessary, ensuring that the Company's strategic
                                                                               direction remained relevant to changing business conditions.


PROSES IMPLEMENTASI STRATEGI                                                   STRATEGY IMPLEMENTATION PROCESS
Strategi yang telah dirumuskan diterjemahkan oleh Direksi                      The Board of Directors translated the approved strategy into
ke dalam pelaksanaan operasional melalui mekanisme yang                        operational execution through a structured and systematic
terstruktur dan berjenjang. Arah strategis dijabarkan menjadi                  process. The strategic direction was incorporated into the
sasaran kerja dan anggaran tahunan (RKAP), yang selanjutnya                    Annual Work Plan and Budget (RKAP), which was then
diturunkan menjadi target terukur pada tingkat unit kerja,                     cascaded into measurable targets for business units, branch
cabang, dan lini produk. Direksi mengalokasikan sumber                         offices, and product lines. Financial resources, human capital,
daya baik anggaran, sumber daya manusia, maupun dukungan                       and operational support were allocated in line with the
operasional secara selaras dengan prioritas strategis yang telah               Company's strategic priorities.
ditetapkan.


Dalam pelaksanaannya, Direksi menempatkan koordinasi                           During implementation, the Board of Directors emphasized
lintas fungsi sebagai kunci agar strategi berjalan konsisten                   cross-functional coordination to ensure consistent execution
dari kantor pusat hingga jaringan cabang. Setiap Direktur                      across the head office and branch network. Each Director
menjalankan fungsi pengarahan dan pengawasan atas bidang                       provided direction and oversight within his or her respective


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 Ikhtisar 2025 | 2025 Highlights                                           Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                     Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                       Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




tugasnya, memastikan kebijakan diterjemahkan menjadi                       area of responsibility, ensuring that corporate policies were
program kerja yang konkret serta didukung oleh kesiapan                    translated into practical work programs supported by capable
kompetensi tenaga penjualan dan teknisi. Penyelarasan antara               sales and technical personnel. Close alignment among the
fungsi penjualan, purnajual, keuangan, dan operasional dijaga              sales, after-sales, finance, and operational functions ensured
agar setiap inisiatif berjalan saling menguatkan.                          that each initiative complemented and reinforced the others.


Direksi memantau kemajuan implementasi secara berkala                      The Board of Directors regularly monitored implementation
melalui rapat Direksi, evaluasi pencapaian target terhadap                 progress through Board meetings, reviews of performance
rencana, serta tinjauan atas indikator kinerja utama. Deviasi              against planned targets, and evaluations of key performance
yang muncul ditindaklanjuti dengan langkah korektif secara                 indicators.       Any       deviations          were   addressed     promptly
tepat waktu. Perkembangan pelaksanaan strategi beserta                     through appropriate corrective actions. Progress in strategy
kinerjanya dilaporkan secara transparan kepada Dewan                       implementation and overall performance was reported
Komisaris, sehingga fungsi pengawasan dapat berjalan                       transparently to the Board of Commissioners, enabling
efektif dan pengambilan keputusan tetap akuntabel. Melalui                 effective oversight and ensuring accountability in decision-
mekanisme ini, Direksi memastikan bahwa strategi tidak                     making. Through this structured approach, the Board of
berhenti sebagai rencana, melainkan terlaksana secara                      Directors ensured that the Company's strategy was not merely
konsisten dan terukur.                                                     a plan, but one that was executed consistently and effectively.


TINJAUAN KINERJA                                                           PERFORMANCE OVERVIEW
Secara operasional, tahun buku 2025 merupakan tahun                        From an operational perspective, the financial year 2025
yang menunjukan peningkatan dari volume penjualan. Total                   was marked by strong growth in sales volume. Total unit
penjualan unit mencapai 3.880 unit, tumbuh 18,2% dari 3.283                sales reached 3,880 units, an increase of 18.2% from 3,283
unit pada tahun sebelumnya, terutama didorong oleh segmen                  units in the previous year. This growth was mainly driven
ekskavator kelas menengah (termasuk mining excavator) yang                 by the medium-sized excavator segment, including mining
naik 21,8% menjadi 3.164 unit. Berdasarkan sektor pengguna,                excavators, whose sales increased by 21.8% to 3,164 units. By
segmen agribisnis menjadi kontributor terbesar penjualan                   end-user sector, agribusiness became the largest contributor
ekskavator dengan 1.409 unit (tumbuh 37,9%), mengungguli                   to excavator sales, with 1,409 units sold, representing growth
konstruksi (544 unit), kehutanan (528 unit), dan pertambangan              of 37.9%. This was followed by the construction sector with
(299 unit) konfirmasi keberhasilan strategi diversifikasi sektor.          544 units, forestry with 528 units, and mining with 299 units,
                                                                           confirming the success of the Company's customer sector
                                                                           diversification strategy.


Secara finansial, penghasilan neto tercatat USD515,4 juta, relatif         From a financial perspective, net revenue amounted to
stabil dengan penurunan tipis 1,4% dibanding USD522,7 juta                 USD515.4 million, remaining relatively stable with a slight
tahun sebelumnya. Meskipun volume unit tumbuh signifikan,                  decline of 1.4% from USD522.7 million in the previous year.
pendapatan tertahan oleh pergeseran bauran menuju unit                     Despite the significant increase in unit sales, revenue growth
baru bermargin lebih tipis serta penurunan pendapatan suku                 was constrained by a shift in the sales mix toward new
cadang sebesar 22,6% menjadi USD83,5 juta. Akibatnya, laba                 equipment with lower margins, as well as a 22.6% decline in
bruto turun 18,2% menjadi USD90,2 juta dengan margin bruto                 spare parts revenue to USD83.5 million. As a result, gross
menyusut dari 21,1% menjadi 17,5%, dan laba bersih tahun                   profit decreased by 18.2% to USD90.2 million, while the gross
berjalan tercatat USD16,0 juta atau turun 48,5% dari USD31,1               profit margin declined from 21.1% to 17.5%. Profit for the year
juta. Laba per saham menjadi USD0,019 dari USD0,037.                       amounted to USD16.0 million, down 48.5% from USD31.1
                                                                           million in the previous year. Earnings per share also declined
                                                                           to USD0.019 from USD0.037.


Meski profitabilitas tertekan, fundamental keuangan Perseroan              Despite the decline in profitability, the Company's financial
tetap kokoh. Arus kas neto dari aktivitas operasi melonjak                 fundamentals remained strong. Net cash generated from
menjadi USD103,4 juta dari USD23,6 juta, meningkat lebih dari              operating activities increased more than fourfold to USD103.4
empat kali lipat berkat penagihan yang kuat dan pengelolaan                million from USD23.6 million in the previous year, supported
modal kerja yang disiplin. Total ekuitas terjaga pada USD165,0             by strong collections and disciplined working capital


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juta, mencerminkan struktur permodalan yang sehat. Sebagai          management. Total equity remained solid at USD165.0 million,
wujud komitmen terhadap imbal hasil pemegang saham,                 reflecting a healthy capital structure. As part of its commitment
Perseroan membagikan dividen kas sebesar USD21,7 juta atau          to delivering returns to shareholders, the Company distributed
USD0,025885 per saham pada Oktober 2025 yang bersumber              cash dividends totaling USD21.7 million, or USD0.025885
dari laba tahun buku sebelumnya.                                    per share, in October 2025 from the previous financial year's
                                                                    earnings.


PERBANDINGAN TARGET 2025 DAN AKTUAL                                 COMPARISON BETWEEN 2025 TARGETS AND
2025                                                                ACTUAL RESULTS
Direksi menetapkan sasaran tahun buku 2025 dengan                   The Board of Directors established the Company's targets for
bertumpu pada pertahanan pangsa pasar dan pertumbuhan               financial year 2025 with a focus on maintaining market share
volume di tengah pasar nasional yang diperkirakan melemah,          and achieving sales volume growth despite expectations of a
disertai kehati-hatian atas profitabilitas mengingat tekanan        weaker domestic market, while taking a prudent approach to
harga dan bauran produk. Perbandingan antara arah/sasaran           profitability in view of pricing pressure and changes in the
dan realisasi disajikan pada tabel berikut.                         product mix. A comparison between the Company's targets
                                                                    and actual performance is presented in the following table.


                            Uraian                Satuan            RKAP 2025              Realisasi 2025          Pencapaian (%)
                          Description               Unit             Target 2025           Realization 2025        Achievement (%)
 Penjualan alat berat (Excavator 6T Over)
                                                    Unit                           2.929                3.164                      108,0
 (Excavator 6T Over) Sales of heavy equipment
 Penghasilan neto
                                                    USD                    609.864.684            515.423.217                       84,5
 Net revenues
 Laba bruto
                                                    USD                    116.683.458              90.183.254                      77,3
 Gross profit
 Laba usaha
                                                    USD                     51.476.732              27.648.992                      53,7
 Operating income
 Laba bersih
                                                    USD                     34.976.100              15.983.119                      45,7
 Net income
 Struktur modal:
 Capital structure :
    Liabilitas jangka pendek
                                                    USD                    253.119.864            221.698.473                       87,6
    Current liabilities
    Liabilitas jangka panjang
                                                    USD                     17.947.440              20.333.892                     113,3
    Current liabilities
    Jumlah liabilitas
                                                    USD                    271.067.304            242.032.365                       89,3
    Total liabilities
    Jumlah ekuitas
                                                    USD                    183.784.653            165.000.120                       89,8
    Total equity
    Jumlah liabilitas dan ekuitas
                                                    USD                    454.851.957            407.032.485                       89,5
    Total equity
    Rasio liabilitas terhadap ekuitas
                                                     %                             147,5                 146,7                      99,5
    Liabilities to equity ratio



Secara keseluruhan, Perseroan berhasil melampaui sasaran            Overall, the Company successfully exceeded its targets for
volume dan penguatan posisi pasar serta mengeksekusi                sales volume and market position while effectively executing
agenda diversifikasi dengan baik. Sasaran yang tidak                its product diversification strategy. The only target that was
sepenuhnya tercapai adalah laba bersih, yang terkoreksi             not fully achieved was net profit, which declined due to
akibat kompresi margin dan pergeseran bauran yang menjadi           margin compression and changes in the sales mix. The Board
sebuah trade-off yang disadari Direksi sebagai konsekuensi          of Directors recognizes this as a deliberate trade-off resulting
dari mempertahankan pertumbuhan volume di pasar yang                from its decision to prioritize sales volume growth in a highly
kompetitif, dan yang akan menjadi fokus perbaikan pada              competitive market. Improving profitability will therefore
tahun-tahun berikutnya.                                             remain a key focus in the years ahead.




2025 Annual Report & Sustainability Report                     35                                                PT Hexindo Adiperkasa Tbk

Page 36
 Ikhtisar 2025 | 2025 Highlights                                           Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                     Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                       Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




KENDALA DAN TANTANGAN                                                      CHALLENGES AND CONSTRAINTS
Perseroan menghadapi sejumlah kendala sepanjang tahun                      The Company faced several challenges throughout financial
buku 2025. Tantangan utama adalah kompresi margin sebagai                  year 2025. The primary challenge was margin compression
dampak dari intensitas persaingan harga dan pergeseran                     resulting from intense price competition and a shift in the sales
bauran penjualan ke arah unit baru yang menekan margin                     mix toward new equipment, which reduced the gross profit
bruto dari 21,1% menjadi 17,5%, sementara kontribusi lini                  margin from 21.1% to 17.5%. At the same time, revenue from
bermargin lebih tinggi, khususnya suku cadang menurun                      higher-margin businesses, particularly spare parts, declined by
22,6%. Hal ini menjadikan pertumbuhan volume tidak serta-                  22.6%. As a result, the increase in sales volume did not translate
merta diikuti pertumbuhan laba.                                            into higher profitability.


Tantangan kedua bersumber dari volatilitas harga komoditas                 The second challenge stemmed from commodity price
dan kebijakan sektor pertambangan. Fluktuasi harga batu                    volatility and developments in the mining sector. Fluctuations
bara dan nikel serta wacana pemangkasan RKAB membuat                       in coal and nickel prices, together with discussions regarding
sebagian pelanggan tambang menahan belanja modal,                          reductions to the Work Plan and Budget (RKAB), led some
sehingga penjualan ke sektor pertambangan menurun. Ketiga,                 mining customers to delay capital expenditure, resulting in
Perseroan menanggung eksposur terhadap nilai tukar dan biaya               lower sales to the mining sector. Third, the Company remained
pendanaan, tercermin dari beban bunga sekitar USD7,3 juta,                 exposed to foreign exchange fluctuations and financing costs, as
di tengah kebutuhan pembiayaan modal kerja dan persediaan.                 reflected in interest expenses of approximately USD7.3 million,
Keempat, masuknya lini produk baru menuntut investasi pada                 while continuing to finance working capital and inventory
kompetensi tenaga penjual, teknisi, serta ketersediaan suku                requirements. Finally, the introduction of new product lines
cadang pendukung. Direksi menyikapi seluruh tantangan ini                  required additional investment in the capabilities of sales
melalui diversifikasi sektor pengguna, disiplin modal kerja,               personnel and service technicians, as well as the availability
dan penguatan layanan purnajual.                                           of supporting spare parts. The Board of Directors addressed
                                                                           these challenges by diversifying the Company's customer base,
                                                                           maintaining disciplined working capital management, and
                                                                           strengthening after-sales services.


PENERAPAN PRAKTIK TATA KELOLA                                              IMPLEMENTATION OF CORPORATE
                                                                           GOVERNANCE PRACTICES
Direksi berkomitmen menerapkan prinsip-prinsip tata                        The Board of Directors is committed to implementing the
kelola perusahaan yang baik (Good Corporate Governance/                    principles of Good Corporate Governance (GCG), transparency,
GCG) yaitu transparansi, akuntabilitas, tanggung jawab,                    accountability, responsibility, independence, and fairness, as
independensi, dan kewajaran sebagai fondasi pengelolaan                    the foundation for the Company's sustainable management.
Perseroan yang berkelanjutan. Sepanjang tahun buku 2025,                   Throughout financial year 2025, the Board of Directors carried
Direksi menjalankan fungsi pengurusan secara kolegial                      out its management responsibilities collectively, with a clear
dengan pembagian tugas yang jelas, serta menjaga hubungan                  division of duties, while maintaining a constructive working
kerja yang konstruktif dengan Dewan Komisaris melalui rapat                relationship with the Board of Commissioners through regular
berkala dan pelaporan yang transparan.                                     meetings and transparent reporting.


Perseroan didukung oleh Dewan Komisaris yang menjalankan                   The Company was supported by the Board of Commissioners
fungsi pengawasan dan pemberian nasihat serta fungsi                       in carrying out its supervisory and advisory functions,
pengawasan internal yang diperkuat melalui Komite Audit.                   with internal oversight further strengthened by the Audit
Perseroan menyelenggarakan RUPS Tahunan pada 16                            Committee. The Company also held its Annual General
September 2025 sebagai wujud akuntabilitas kepada pemegang                 Meeting of Shareholders (AGMS) on 16 September 2025 as
saham, mencakup pengesahan laporan, penetapan penggunaan                   part of its accountability to shareholders. The meeting approved
laba termasuk pembagian dividen, dan pemutakhiran susunan                  the annual reports and financial statements, determined
pengurus.                                                                  the appropriation of profit, including dividend distribution,
                                                                           and approved changes to the composition of the Company's
                                                                           governing bodies.



PT Hexindo Adiperkasa Tbk                                             36                                        Laporan Tahunan & Laporan Keberlanjutan 2025

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                                                                                                                                            02

Pada aspek kepatuhan (compliance), Direksi memastikan                          In terms of compliance, the Board of Directors ensured that
seluruh kegiatan usaha dijalankan sesuai dengan peraturan                      all business activities were conducted in accordance with
perundang-undangan yang berlaku, ketentuan Otoritas Jasa                       applicable laws and regulations, the requirements of the
Keuangan (OJK) dan Bursa Efek Indonesia, serta anggaran                        Financial Services Authority (OJK) and the Indonesia Stock
dasar dan kebijakan internal Perseroan. Perseroan menjaga                      Exchange, as well as the Company's Articles of Association
keterbukaan informasi kepada publik dan pemegang saham                         and internal policies. The Company maintained timely and
secara tepat waktu, memenuhi kewajiban pelaporan berkala,                      transparent disclosure of information to the public and
serta menegakkan kode etik dan standar perilaku bagi                           shareholders, fulfilled its periodic reporting obligations, and
seluruh jajaran. Ketaatan terhadap ketentuan perpajakan,                       upheld its code of ethics and standards of conduct across
ketenagakerjaan, serta perizinan usaha turut menjadi bagian                    the organization. Compliance with tax, employment, and
dari budaya kepatuhan yang dibangun Perseroan.                                 business licensing requirements also remained integral to the
                                                                               Company's corporate culture.


Pada aspek manajemen risiko, Direksi menerapkan pengelolaan                    In the area of risk management, the Board of Directors
risiko yang melekat pada proses bisnis untuk mengidentifikasi,                 implemented an integrated risk management framework to
mengukur, memitigasi, dan memantau risiko-risiko utama                         identify, assess, mitigate, and monitor the key risks facing the
yang dihadapi Perseroan. Risiko pasar dan siklus komoditas                     Company. Market and commodity cycle risks were mitigated
dimitigasi melalui diversifikasi produk dan sektor pengguna                    through product diversification and expansion into various
agar Perseroan tidak bergantung pada satu segmen. Risiko nilai                 customer sectors, reducing the Company's dependence on
tukar dan pendanaan dikelola melalui pemantauan eksposur                       any single market segment. Foreign exchange and financing
mata uang dan struktur pembiayaan yang berhati-hati. Risiko                    risks were managed through careful monitoring of currency
kredit dan modal kerja dikendalikan melalui disiplin kebijakan                 exposure and prudent financing arrangements. Credit and
penjualan, penilaian pelanggan, dan penagihan yang ketat,                      working capital risks were controlled through disciplined
sementara risiko persediaan dijaga melalui perencanaan                         sales policies, thorough customer assessments, and effective
pasokan yang selaras dengan permintaan. Direksi meyakini                       collection procedures, while inventory risk was managed
penerapan tata kelola, kepatuhan, dan manajemen risiko yang                    through supply planning aligned with market demand. The
konsisten menjadi landasan bagi pengelolaan Perseroan yang                     Board of Directors believes that the consistent implementation
berkelanjutan dan mendorong penerapan aspek keberlanjutan                      of good governance, compliance, and risk management
dalam kegiatan usaha.                                                          provides a strong foundation for the Company's sustainable
                                                                               growth and supports the integration of sustainability principles
                                                                               into its business operations.


PERUBAHAN SUSUNAN DIREKSI                                                      CHANGES IN THE COMPOSITION OF THE
                                                                               BOARD OF DIRECTORS
Tahun buku 2025 menandai transisi kepemimpinan yang                            Financial year 2025 marked an important leadership
penting bagi Perseroan. Melalui Rapat Umum Pemegang                            transition for the Company. At the Annual General Meeting
Saham Tahunan yang diselenggarakan pada 16 September                           of Shareholders held on 16 September 2025, Mr. Dwi
2025, susunan Direksi diperbarui dengan pengangkatan Bapak                     Swasono was appointed as President Director, succeeding
Dwi Swasono sebagai Presiden Direktur, menggantikan Bapak                      Mr. Ir. Djonggi TP. Gultom. The Board of Directors expresses
Ir. Djonggi TP. Gultom. Direksi menyampaikan penghargaan                       its sincere appreciation for Mr. Ir. Djonggi TP. Gultom's
yang tinggi atas kepemimpinan dan pengabdian Bapak Ir.                         leadership, dedication, and valuable contributions throughout
Djonggi TP. Gultom selama masa jabatannya. Transisi ini                        his tenure. The transition was carried out smoothly, reflecting
berlangsung mulus dan menegaskan komitmen Perseroan                            the Company's commitment to leadership continuity and the
terhadap        kesinambungan                kepemimpinan   (leadership        consistent implementation of its long-term strategic direction.
continuity) serta keberlanjutan arah strategi yang telah
ditetapkan.




2025 Annual Report & Sustainability Report                                37                                             PT Hexindo Adiperkasa Tbk

Page 38
 Ikhtisar 2025 | 2025 Highlights                                                   Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                             Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                               Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Susunan Direksi Perseroan per 31 Maret 2026 adalah sebagai                         The composition of the Company's Board of Directors as of 31
berikut:                                                                           March 2026 was as follows:


                                     Jabatan                                                                            Nama
                                     Position                                                                            Name
 Presiden Direktur
                                                                               Dwi Swasono
 President Director
 Direktur
                                                                               Yasumasa Zaizen
 Director
 Direktur
                                                                               Nobuyasu Hagiwara
 Director
 Direktur
                                                                               Teru Karahashi
 Director
 Direktur
                                                                               Yoshendri
 Director
 Direktur
                                                                               Akihiro Yoshida
 Director
 Direktur
                                                                               Hiroki Majima
 Director
 Direktur
                                                                               Ryoji Tanaka
 Director



PROSPEK USAHA                                                                      BUSINESS PROSPECT
Direksi memandang prospek usaha ke depan dengan                                    The Board of Directors remains cautiously optimistic about the
optimisme yang terukur, ditopang oleh indikator makro                              Company's future business prospects, supported by improving
dan industri yang membaik. Pemerintah menetapkan target                            macroeconomic and industry fundamentals. The Government
pertumbuhan ekonomi 2026 sebesar 5,4% dalam APBN 2026,                             has set an economic growth target of 5.4% for 2026 in the
sementara Bank Indonesia memproyeksikan pertumbuhan                                2026 State Budget, while Bank Indonesia projects economic
pada kisaran 5,1%–5,6%. Belanja negara diarahkan pada                              growth in the range of 5.1% to 5.6%. Government spending
program-program prioritas yang berdampak langsung pada                             will continue to focus on priority programs that are expected
permintaan alat berat, antara lain ketahanan pangan (termasuk                      to drive demand for heavy equipment, including food security
food estate), energi, serta kelanjutan pembangunan Ibu Kota                        initiatives such as food estate projects, the energy sector, and
Nusantara yang memperoleh alokasi anggaran sekitar Rp6,26                          the continued development of the Nusantara Capital City
triliun pada 2026.                                                                 (IKN), which has been allocated approximately Rp6.26 trillion
                                                                                   in the 2026 State Budget.


Pada        tataran    industri,       prospek        juga      menunjukkan        Industry prospects also indicate a gradual recovery. The
pemulihan. Asosiasi Industri Alat Berat Indonesia (HINABI)                         Indonesian Heavy Equipment Industry Association (HINABI)
memproyeksikan produksi alat berat nasional tahun 2026                             projects national heavy equipment production to grow by
tumbuh sekitar 5%–10% menjadi kisaran 9.000–9.500 unit,                            approximately 5% to 10% in 2026, reaching around 9,000 to
dari sekitar 8.693 unit pada 2025. Pertumbuhan ini digerakkan                      9,500 units, compared with approximately 8,693 units in 2025.
oleh sektor pertambangan (batu bara, nikel, emas, dan mineral                      This growth is expected to be driven by the mining sector,
lainnya), perkebunan seiring program biodiesel dan food estate,                    including coal, nickel, gold, and other minerals, the plantation
konstruksi melalui Proyek Strategis Nasional, serta terbukanya                     sector supported by the biodiesel and food estate programs,
peluang pasar ekspor. Ketahanan permintaan pada segmen                             construction activities under National Strategic Projects, and
agribisnis dan kehutanan diperkirakan berlanjut, memberikan                        expanding export market opportunities. Demand from the
penyeimbang atas siklus komoditas pertambangan.                                    agribusiness and forestry sectors is also expected to remain
                                                                                   resilient, providing a balance against the cyclical nature of the
                                                                                   mining industry.




PT Hexindo Adiperkasa Tbk                                                     38                                        Laporan Tahunan & Laporan Keberlanjutan 2025

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                                                                                                                                                   02

Menyikapi peluang tersebut, Perseroan akan melanjutkan                             In response to these opportunities, the Company will continue
strategi     diversifikasi      produk         dan   sektor      pengguna,         to implement its product and customer sector diversification
memperdalam penetrasi lini truk Foton termasuk varian listrik                      strategy, further expand the Foton truck business, including
Foton EV yang memposisikan Perseroan pada tren elektrifikasi                       the Foton EV electric vehicle range, positioning the Company
dan keberlanjutan, serta memperkuat lini ekskavator Hitachi                        to benefit from the growing trends of electrification and
generasi terbaru. Fokus perbaikan tahun mendatang diarahkan                        sustainability, and strengthen its portfolio of the latest generation
pada pemulihan margin melalui optimalisasi bauran produk,                          Hitachi excavators. The Company's priorities for the coming year
penguatan kembali kontribusi suku cadang dan jasa purnajual                        will focus on improving profit margins through product mix
sebagai sumber pendapatan berulang, serta pengelolaan modal                        optimization, increasing the contribution of spare parts and after-
kerja yang berkelanjutan. Dengan posisi kas yang kuat, jaringan                    sales services as recurring sources of revenue, and maintaining
18 cabang utama, basis pelanggan yang terdiversifikasi, dan                        disciplined working capital management. Supported by a strong
portofolio produk yang semakin lengkap, Direksi meyakini                           cash position, a network of 18 main branches, a diversified
Perseroan berada pada posisi yang baik untuk tumbuh secara                         customer base, and an increasingly comprehensive product
berkelanjutan.                                                                     portfolio, the Board of Directors believes that the Company is
                                                                                   well positioned to achieve sustainable growth.


APRESIASI DAN PENUTUP                                                              APPRECIATION AND CLOSING
Mengakhiri         laporan      ini,    atas    nama    Direksi,       kami        In closing, on behalf of the Board of Directors, we would
menyampaikan penghargaan dan terima kasih yang setinggi-                           like to express our sincere appreciation and gratitude to all
tingginya kepada seluruh pemangku kepentingan. Kepada                              stakeholders. We thank our shareholders for their continued
para pemegang saham, kami sampaikan terima kasih atas                              trust and confidence in the Company. We also extend our
kepercayaan yang berkelanjutan. Kepada Dewan Komisaris,                            appreciation to the Board of Commissioners for its valuable
kami menghaturkan apresiasi atas pengawasan, nasihat, dan                          oversight, guidance, and constructive advice throughout the
arahan yang konstruktif sepanjang tahun.                                           year.


Kami juga menyampaikan terima kasih kepada para pelanggan,                         We also express our gratitude to our customers, business
mitra usaha, prinsipal, lembaga keuangan, serta otoritas dan                       partners,   principals,    financial   institutions,   government
pemerintah atas kepercayaan dan kerja samanya. Secara                              authorities, and regulators for their continued trust and
khusus, kami mengapresiasi seluruh karyawan Perseroan atas                         cooperation. Above all, we sincerely thank all of the Company's
dedikasi, kerja keras, dan integritasnya, yang menjadi kekuatan                    employees for their dedication, hard work, and integrity,
utama dalam mencapai kinerja tahun buku 2025 dan menjaga                           which have been the driving force behind the Company's
daya saing Perseroan. Dengan dukungan seluruh pemangku                             performance in financial year 2025 and the foundation of its
kepentingan, Direksi optimistis Perseroan akan terus tumbuh                        continued competitiveness. With the continued support of all
dan menciptakan nilai jangka panjang secara berkelanjutan.                         stakeholders, the Board of Directors remains confident that the
                                                                                   Company will continue to grow sustainably and create long-
                                                                                   term value for all stakeholders.



                                                                     Atas nama Direksi,
                                                              On Behalf of the Board of Directors




                                                                      Dwi Swasono
                                                                     Presiden Direktur
                                                                      President Directors




2025 Annual Report & Sustainability Report                                    39                                                PT Hexindo Adiperkasa Tbk

Page 40
 Ikhtisar 2025 | 2025 Highlights                                           Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                     Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                       Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




PT Hexindo Adiperkasa Tbk                                             40                                        Laporan Tahunan & Laporan Keberlanjutan 2025

Page 41
                                                                              02




                                                  Profil
                                             Perusahaan
                                                  Company Profile




2025 Annual Report & Sustainability Report   41            PT Hexindo Adiperkasa Tbk

Page 42
 Ikhtisar 2025 | 2025 Highlights                                                          Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                    Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                      Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Identitas Perusahaan                                        [GRI 2-1]

Corporate Identity




                      Nama Perusahaan | Company Name                                                                      Nama Sebutan | Nickname

                      PT HEXINDO ADIPERKASA TBK                                                                           HEXINDO



          Bentuk Hukum                                  Bidang Usaha                                Tanggal Pendirian                              Kode Saham
          Legal Form                                    Line of Business                            Date of Establishment                          Stock Ticker

  Perseroan Terbatas (PT) &                  Perdagangan serta layanan                    28 November 1988                                HEXA
  Perusahaan Terbuka (Tbk)                   purna jual untuk produk alat                 November 28, 1988
  Limited Liability Company (LLC)            berat
  & Publicly Listed Company                  Trading and after-sales services
  (PLC)                                      for heavy equipment products




                    Dasar Hukum Pendirian
                    Legal Basis of Establishment

                    Perseroan didirikan berdasarkan Akta Pendirian Nomor 37                       The Company was established pursuant to Deed of Establishment
                    tanggal 28 November 1988, yang dibuat di hadapan Mohamad                      No. 37 dated November 28, 1988, drawn up before Mohamad Ali,
                    Ali, S.H., Notaris di Jakarta. Anggaran Dasar Perseroan telah                 S.H., a Notary in Jakarta. The Company’s Articles of Association have
                    mengalami penyesuaian dengan Undang-undang Perseroan                          been amended to comply with the Limited Liability Company Law
                    Terbatas melalui Akta Nomor 159 tanggal 21 Juli 2008, yang                    through Deed No. 159 dated July 21, 2008, drawn up before Robert
                    dibuat di hadapan Robert Purba, S.H., Notaris di Jakarta.                     Purba, S.H., a Notary in Jakarta. Subsequently, the most recent
                                                                                                  amendments to the Articles of Association were made to conform
                    Selanjutnya, Anggaran Dasar terakhir disesuaikan dengan
                                                                                                  with regulations issued by the Financial Services Authority (OJK),
                    peraturan Otoritas Jasa Keuangan (OJK), sebagaimana tertuang
                                                                                                  as stipulated in Deed No. 192 dated May 24, 2023, drawn up before
                    dalam Akta Nomor 192 tanggal 24 Mei 2023 yang dibuat di                       Christina Dwi Utami, S.H., M.Hum., M.Kn., a Notary in Jakarta,
                    hadapan Christina Dwi Utami, S.H., M.Hum., M.Kn., Notaris                     and Deed No. 19 dated September 24, 2024, drawn up before Gatot
                    di Jakarta, serta Akta Nomor 19 tanggal 24 September 2024 yang                Widodo, S.E., S.H., M.Kn., a Notary in Jakarta.
                    dibuat di hadapan Gatot Widodo, S.E., S.H., M.Kn., Notaris di
                    Jakarta.



                                                                                                   Modal Ditempatkan dan
          Pencatatan Saham                            Modal Dasar                                  Disetor                                        Jumlah Saham Beredar
          Share Listing                               Authorized Capital                           Issued and Paid-up Capital                     Outstanding Shares


  Tercatat di Bursa Efek Indonesia           Rp168.000.000.000,-                          Rp84.000.000.000,-                              840.000.000
  sejak 13 Februari 1995
  Listed on the Indonesia Stock              (seratus enam puluh delapan miliar)          (Delapan puluh empat miliar)                    Lembar Saham | Shares
  Exchange since February 13, 1995           (one hundred and sixty eight billion)        (Eighty four billion)




            Alamat dan Kontak                                                                                            +62 21 4611 688
            Address and Contact Information

            Kawasan Industri Pulo Gadung,                  Pulo Gadung Industrial Area,                                  www.hexindo-tbk.co.id
            Jl. Pulo Kambing II Kav. I-II No. 33,          Jl. Pulo Kambing II Kav. I-II No. 33,
            Jakarta Timur 13930, Indonesia                 East Jakarta 13930, Indonesia                                 corporate@hexindo-tbk.co.id




PT Hexindo Adiperkasa Tbk                                                            42                                        Laporan Tahunan & Laporan Keberlanjutan 2025

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                                                                                                                                                    03

Riwayat Singkat Perusahaan
Brief History of Hexindo



RIWAYAT SINGKAT HEXINDO                                                        BRIEF HISTORY OF HEXINDO
PT Hexindo Adiperkasa Tbk (“Hexindo” atau “Perseroan”) didirikan               PT Hexindo Adiperkasa Tbk (“Hexindo” or the “Company”) was
pada 28 November 1988 berdasarkan Akta Nomor 37 tanggal 28                     established on November 28, 1988 based on Deed No. 37 dated
November 1988 yang dibuat di hadapan Notaris Mohamad Ali, S.H., di             November 28, 1988 drawn up before Notary Mohamad Ali, S.H., in
Jakarta. Akta pendirian tersebut telah disahkan oleh Menteri Kehakiman         Jakarta. The deed of establishment was approved by the Minister of
Republik Indonesia melalui Surat Keputusan Nomor C2- 4389.                     Justice of the Republic of Indonesia through Decree No. C2-4389.
HT.01.01.TH.89 tanggal 12 Mei 1989, dan diumumkan dalam Berita                 HT.01.01.TH.89 dated May 12, 1989, and was published in the State
Negara Republik Indonesia Nomor 54 Tambahan Nomor 1251 tanggal                 Gazette of the Republic of Indonesia No. 54 Supplement No. 1251
7 Juli 1989. Hexindo mulai menjalankan kegiatan operasionalnya secara          dated July 7, 1989. Hexindo commenced its commercial operations
komersial pada Januari 1989 dan ditunjuk sebagai distributor resmi alat        in January 1989 and was appointed as the authorized distributor of
berat merek Hitachi di Indonesia pada tahun 1990.                              Hitachi heavy equipment in Indonesia in 1990.


Pada 13 Februari 1995, Hexindo mencatatkan sahamnya di Bursa Efek              On February 13, 1995, Hexindo listed its shares on the Indonesia Stock
Indonesia (sebelumnya Bursa Efek Jakarta dan Bursa Efek Surabaya)              Exchange (formerly the Jakarta Stock Exchange and Surabaya Stock
dengan kode saham HEXA, sebanyak 10 juta lembar saham dengan                   Exchange) under the stock code HEXA, offering 10 million shares with
nilai nominal Rp1.000 per saham dan harga penawaran sebesar                    a par value of Rp1,000 per share and an offering price of Rp2,800 per
Rp2.800 per saham. Langkah ini menandai transformasi Perseroan                 share. This marked the Company’s transformation into a publicly listed
menjadi perusahaan terbuka. Pada tahun 1998, Hexindo memperkuat                company. In 1998, Hexindo strengthened its capital structure through
struktur permodalannya melalui Penawaran Umum Terbatas I                       a Limited Public Offering I of 42 million shares. In addition to focusing
sebanyak 42 juta lembar saham. Selain fokus pada ekspansi bisnis,              on business expansion, Hexindo also demonstrated its commitment to
Hexindo juga menunjukkan komitmennya terhadap layanan purna                    after-sales services by establishing a remanufacturing facility in 1999.
jual dengan mendirikan fasilitas remanufacturing pada tahun 1999.


Perkembangan Perseroan terus berlanjut. Pada tahun 2003, Hexindo               The Company continued to grow. In 2003, Hexindo was appointed
ditunjuk sebagai distributor resmi alat berat kehutanan merek John             as the authorized distributor of John Deere forestry equipment.
Deere. Kemudian, Perseroan menjalin kerja sama strategis melalui               Subsequently, the Company entered into a strategic partnership through
penandatanganan Nota Kesepahaman untuk pendirian PT Hitachi                    the signing of a Memorandum of Understanding for the establishment
Construction Machinery Finance Indonesia (HCMFI) di tahun 2008.                of PT Hitachi Construction Machinery Finance Indonesia (HCMFI)
Hexindo terus memperluas infrastruktur operasionalnya dengan                   in 2008. Hexindo continued to expand its operational infrastructure
meresmikan fasilitas pengelasan di Samarinda serta membangun                   by inaugurating a welding facility in Samarinda and constructing
gudang pertambangan di Banjarmasin pada tahun 2013. Dua tahun                  a mining warehouse in Banjarmasin in 2013. Two years later, the
berikutnya, Perseroan memperkuat eksistensinya dengan meresmikan               Company further strengthened its presence by inaugurating its new
gedung kantor pusat baru di Jakarta.                                           head office building in Jakarta.


Hingga akhir tahun buku 2025, Perseroan tercatat sebagai salah                 As of the end of fiscal year 2025, the Company was recognized as one
satu perusahaan dengan kapitalisasi pasar terbesar di industri alat            of the largest companies by market capitalization in Indonesia’s heavy
berat Indonesia. Selain itu, Perseroan juga menjadi pemimpin pasar             equipment industry. In addition, the Company became the market
untuk alat berat merek Jepang, khususnya Hitachi, melalui jaringan             leader for Japanese heavy equipment brands, particularly Hitachi,
operasional yang mencakup 18 kantor cabang, 18 kantor perwakilan,              supported by an operational network consisting of 18 branch offices,
15 kantor proyek pertambangan, serta 5 fasilitas lainnya yang tersebar         18 representative offices, 15 mining project offices, and 5 other facilities
di berbagai wilayah di Indonesia.                                              located throughout Indonesia.


PERUBAHAN SIGNIFIKAN TERHADAP                                                  SIGNIFICANT CHANGES TO THE COMPANY
PERUSAHAAN [C.6]
Sepanjang tahun buku 2025, tidak terdapat perubahan                            Throughout fiscal year 2025, there were no significant changes in the
signifikan dalam struktur maupun kegiatan operasional                          Company’s structure or operational activities, such as mergers, the
Perseroan, seperti merger, pembukaan, serta penutupan                          opening or closure of branches, or the establishment of new business
cabang maupun unit usaha baru. Selain itu, Perseroan juga                      units. In addition, the Company did not undergo any change in its
tidak mengalami perubahan nama selama periode tersebut.                        name during the period.



2025 Annual Report & Sustainability Report                                43                                                     PT Hexindo Adiperkasa Tbk

Page 44
 Ikhtisar 2025 | 2025 Highlights                                                         Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                   Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                     Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Jejak Langkah
Milestone




     1988                                                    1989                                                         1990
     Pendirian Perusahaan dengan nama PT                     Penjualan unit pertama eksavator                             Penunjukan sebagai distributor resmi alat
     Hexindo Adiperkasa.                                     hidraulik Hitachi seri EX200.                                berat Hitachi di Indonesia.
     Establishment of the company under the                  Sale of the first hydraulic excavator unit, the              Appointment as the authorized distributor of
     name PT Hexindo Adiperkasa.                             Hitachi EX200 series.                                        Hitachi heavy equipment in Indonesia.




     1998                                                    1999                                                         2002
     Pelaksanaan Penawaran Umum Terbatas                     Pendirian fasilitas remanufacturing                          Pencapaian 1 juta jam kerja pada unit
     I sebanyak 42 juta lembar saham di Bursa                sebagai dukungan perawatan                                   ekskavator Hitachi.
     Efek Jakarta dan Bursa Efek Surabaya.                   komprehensif.                                                Achieved 1 million operating hours on
     Executed the First Limited Public Offering              Established a remanufacturing facility                       Hitachi excavator units.
     of 42 million shares on the Jakarta Stock               to support comprehensive maintenance
     Exchange and Surabaya Stock Exchange.                   services.




     2013                                                                                     2014
     • Peresmian fasilitas pengelasan •          Inaugurated a welding facility in            • Pembukaan empat kantor                   • Opened four new branch offices
       (welding) di Samarinda.                   Samarinda.                                     cabang baru di Cilegon,                    in Cilegon, Cirebon, Kupang, and
     • Keberlanjutan program CSR      •          Continued the CSR program in                   Cirebon, Kupang, dan                       Gorontalo.
       melalui kerja sama dengan                 collaboration with UGM – the D4                Gorontalo.
       UGM - Program D4 Alat Berat.              Heavy Equipment Program.                     • Peluncuran produk Hexindo                • Launched Hexindo Engine Oil
                                                                                                Engine Oil dan Hydraulic Oil.              and Hydraulic Oil products.




     2018                                                     2021
     Perkenalan teknologi ConSite Shot dan                    • Pendirian kantor proyek Toka Tindung                     • Established the Toka Tindung project office
     ConSite Pocket.                                            di lokasi tambang emas, Desa Winuri,                       at the gold mining site in Winuri Village,
     Introduced ConSite Shot and ConSite Pocket                 Minahasa Utara, untuk mendukung                            North Minahasa, to support operations of
     technologies.                                              operasional PT Geopersada Mulia Abadi                      PT Geopersada Mulia Abadi and PT Thiess
                                                                dan PT Thiess Indonesia.                                   Indonesia.
                                                              • Peluncuran program Rent-to-Buy sebagai                   • Launched the Rent-to-Buy program as a
                                                                solusi kepemilikan alat berat yang fleksibel.              flexible heavy equipment ownership solution.




     2023                                                                                     2024
     • Menerima penghargaan dari      • Received the TEMPO-                                   Peluncuran seri ekskavator hidraulik terbaru ZAXIS-7G untuk kelas 30
       TEMPO-IDNFinancials atas         IDNFinancials Award for                               ton, 40 ton, dan 80 ton (ZX350H-7G, ZX490LC-7G, dan ZX890LCH-
       portofolio kinerja keuangan      consistent financial performance                      7G), yang menonjolkan kualitas tinggi dan daya tahan prima.
       Hexindo yang terus meningkat     over the past five years                              Launched the latest ZAXIS-7G hydraulic excavator series for the 30-ton,
       dalam lima tahun terakhir        until March 2023 and was                              40-ton, and 80-ton classes (ZX350H7G, ZX490LC-7G, and ZX890LCH7G),
       hingga periode Maret 2023,       designated as a constituent of                        showcasing superior quality and durability
       dengan menjadi konstituen        the TEMPOIDNFinancials 52
       Indeks TEMPO-IDNFinancials       Index under the “High Dividend”
       52 dengan kategori “High         category.
       Dividend”.
     • Peluncuran 35 unit ekskavator • Launched 35 batik-themed
       seri batik (ZX200-5G dan         excavator units (ZX200-5G and
       ZX210F-5G) dalam rangka          ZX210F-5G) in celebration of
       perayaan 35 tahun Hexindo.       Hexindo’s 35th anniversary.
       Unit ini memiliki desain batik   These units feature an exclusive
       eksklusif pada arm, boom, dan    batik design on the arm, boom,
       engine body, sebagai apresiasi   and engine body as a gesture of
       kepada pelanggan setia.          appreciation to loyal customers

PT Hexindo Adiperkasa Tbk                                                           44                                        Laporan Tahunan & Laporan Keberlanjutan 2025

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                                                                                                                                                               03




      1991                                                 1995
      Penandatanganan kontrak perawatan                    • Pelaksanaan Penawaran Umum Perdana                 • Conducted an Initial Public Offering (IPO)
      penuh dengan PT Kaltim Prima Coal                      (IPO) sebanyak 10 juta lembar saham                  of 10 million shares on the Jakarta Stock
      (KPC).                                                 di Bursa Efek Jakarta dan Bursa Efek                 Exchange and Surabaya Stock Exchange.
      Signing of a full maintenance contract with            Surabaya.
      PT Kaltim Prima Coal (KPC).                          • Status sebagai perusahaan publik secara            • Officially attained public company status.
                                                             resmi diperoleh.




      2008                                                 2011
      Penandatanganan Nota Kesepahaman                     Penandatanganan Nota Kesepahaman
      pendirian Hitachi Construction Machinery             dengan Universitas Gadjah Mada (UGM)
      Finance Indonesia (HCMFI).                           dalam bidang pendidikan alat berat.
      Signing of Memorandum of Understanding               Signed an Memorandum of Understanding
      on the establishment of Hitachi Construction         with Gadjah Mada University (UGM) in the
      Machinery Finance Indonesia (HCMFI).                 field of heavy equipment education.




      2015                                          2016                                2014
      Peresmian gedung baru Kantor                  Pembukaan kantor baru               • Peluncuran ekskavator terbaru, •       Launched the latest excavator
      Pusat Hexindo di Jakarta.                     Cabang Manado.                        yaitu ZX110MF-5G, ZX130-5G,            models: ZX110MF-5G, ZX130-
      Inaugurated the new Hexindo Head              Opening of Manado branch              dan ZX138MF-5G.                        5G, and ZX138MF-5G.
      Office building in Jakarta.                   office.                             • Peluncuran Articulated Dump •          Introduced the Bell B60E
                                                                                          Truck (ADT) Bell B60E.                 Articulated Dump Truck (ADT).




      2022
      • Peresmian berbagai fasilitas dan kantor             • Inaugurated various support facilities and
        pendukung, seperti Wetar Site Support,                offices, including Wetar Site Support, Morowali
        Morowali Contact Office, dan GAM Site                 Contact Office, and GAM Site Support.
        Support.
      • Peresmian kantor cabang Bandung.                    • Officially opened the Bandung branch office.




      2025
      • PT Hexindo Adiperkasa Tbk meluncurkan               • PT Hexindo Adiperkasa Tbk launched
        tiga produk unggulan, yaitu Hitachi                   three flagship products, namely the Hitachi
        ZX550LC-7G, Hitachi ZX350LC-7G                        ZX550LC-7G, Hitachi ZX350LC-7G Material
        Material Handling, dan Foton EV 8x4 dalam             Handling, and Foton EV 8x4 at Construction
        ajang Construction & Mining Indonesia                 & Mining Indonesia 2025 held at JIEXpo,
        2025 di JIEXpo, Kemayoran, sebagai upaya              Kemayoran, as part of its efforts to meet the
        memenuhi kebutuhan industri alat berat di             needs of Indonesia’s heavy equipment industry.
        Indonesia.
      • PT Hexindo Adiperkasa Tbk meluncurkan               • PT Hexindo Adiperkasa Tbk launched the
        Hexindo Smart Assistant (Mobile Apps)                 Hexindo Smart Assistant (Mobile App) as a
        sebagai platform digital untuk memudahkan             digital platform to enable customers to access
        customer mengakses informasi unit, spare              unit information, spare parts, service support,
        parts, layanan servis, status transaksi,              transaction status, promotional programs, and
        promo, serta komunikasi dengan tim                    communication with the Hexindo team quickly
        Hexindo secara cepat dan efisien.                     and efficiently.




2025 Annual Report & Sustainability Report                                     45                                                      PT Hexindo Adiperkasa Tbk

Page 46
 Ikhtisar 2025 | 2025 Highlights                                           Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                     Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                       Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Visi, Misi dan Nilai Inti
Vision, Mission and Core Value




PT Hexindo Adiperkasa Tbk                                             46                                        Laporan Tahunan & Laporan Keberlanjutan 2025

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                                                                                                                                                                                 03




Visi
Vision

Menjadi perusahaan berkelas dunia dalam industri alat-alat berat di
Indonesia dengan kualitas pelayanan terbaik bagi kepuasan semua pihak yang
berkepentingan.
To be a world-class company in heavy equipment industry in Indonesia through high quality of service
for the satisfaction of the stakeholders.




Misi
Mission
            Menjadi mitra pelanggan yang paling diandalkan dalam pengadaan                              Menghadirkan kebanggaan di mata dunia melalui kontribusi nyata
  01        alat-alat berat sekaligus menjadi ahli yang terpercaya dalam                           03   bagi kesejahteraan umum, masyarakat dan bangsa.
            memberikan solusi terbaik mengenai produk dan jasa.                                         To present to the world a true contribution to the public and nation’s welfare.
            To be a reliable partner in heavy equipment services and trusted expert to give
            best solution in products and services.



            Meningkatkan kualitas kinerja para karyawan secara                                          Menjamin imbalan keuangan yang pasti serta memastikan
  02        berkesinambungan dalam lingkungan kerja yang semakin kondusif                          04   pertumbuhan yang terus meningkat bagi investasi para pemegang
            sekaligus membantu mereka mencapai kesejahteraan.                                           saham.
            To sustainably improve performance quality of employees in a conducive                      To ensure a fixed financial yield and increasing growth for the interest of
            working environment as well as lead them to achieve better welfare.                         shareholder’s investment.




Nilai Inti
Core Value




Kepercayaan                                                     Dedikasi                                                  Kinerja yang Tinggi
Trust                                                           Dedication                                                High Performance



Perseroan membangun dan menjaga                                 Loyalitas, antusiasme dan pengabdian                      Perseroan     mendorong       peningkatan
kepercayaan     masyarakat        khususnya                     menjadi modal penting yang membentuk                      kinerja yang optimal melalui peningkatan
pelanggan berdasarkan integritas, komitmen                      dedikasi yang kuat seluruh elemen dalam                   kompetensi,      profesionalisme     dan
dan kejujuran.                                                  Perseroan terhadap pekerjaaan dan tanggung                kepemimpinan.
                                                                jawabnya.
The Company develops and maintains public                                                                                 The Company encourages optimal performance
trust, particularly customers, based on integrity,              Loyalty, enthusiasm and devotion are important            improvement through increasing competence,
commitment and honesty.                                         assets that lead the strong dedication of all             professionalism and leadership.
                                                                elements in the Company to their job and
                                                                responsibilities.

2025 Annual Report & Sustainability Report                                                    47                                                       PT Hexindo Adiperkasa Tbk

Page 48
 Ikhtisar 2025 | 2025 Highlights                                                      Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                  Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Logo Perusahaan
Company Logo



       Logogram                                                       Logotype                                                   Warna | Colour




Keterangan | Description

Logo Perseroan merupakan kesatuan dari kombinasi antara                               Logogram yang terdiri dari huruf “H” berwarna hitam, dan
elemen Logogram dan Logotype yang selalu digunakan secara                             huruf “A” berwarna oranye, merupakan nama pendek atau
bersamaan.                                                                            akronim dari Perseroan, PT Hexindo Adiperkasa Tbk. Selain
The Company’s logo comprises a combination of Logogram and                            itu, bentuk segitiga pada Logogram merefleksikan perhatian
Logotype elements that are always displayed simultaneously.                           Perseroan terhadap tiga elemen penting yang sesuai dengan
                                                                                      visi dan misi Perseroan, yaitu: pemegang saham, karyawan,
                                                                                      serta bangsa dan negara.
                                                                                      The logogram, which consists of the letter “H” in black and
                                                                                      the letter “A” in orange, is the short name or acronym of the
                                                                                      Company, PT Hexindo Adiperkasa Tbk. In addition, the
                                                                                      triangular shape in the logogram reflects the Company’s
                                                                                      attention to three important elements in accordance with
                                                                                      the Company’s vision and mission, namely: shareholders,
                                                                                      employees, and the nation and state.




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Kegiatan Usaha [C.4]
Business Activity



KEGIATAN USAHA BERDASARKAN ANGGARAN                                BUSINESS ACTIVITIES BASED ON THE ARTICLES OF
DASAR                                                              ASSOCIATION
Berdasarkan Pasal 3 Akta No. 19/2024, maksud dan tujuan            Based on Article 3 of Deed No. 19/2024, the purpose and
Perseroan adalah berusaha dalam bidang perdagangan, jasa,          objective of the Company is to engage in trading, services,
konstruksi, industri dan real estat.                               construction, industrial, and real estate businesses.


Untuk mencapai maksud dan tujuan tersebut, Perseroan               To achieve such purpose and objective, the Company conducts
melakukan kegiatan usaha sebagai berikut:                          the following business activities:
•   Kegiatan Usaha Utama                                           •    Main Business Activities
    1. Perdagangan                                                      1. Trading
        a. Perdagangan Besar Mesin, Peralatan dan                            a. Wholesale of Machinery, Equipment and Other
             Perlengkapan Lainnya (KBLI 46599);                                   Supplies (KBLI 46599);
        b. Perdagangan Besar Alat Transportasi Darat                         b. Wholesale of Land Transportation Equipment
             (Bukan Mobil, Sepeda Motor, dan Sejenisnya),                         (Excluding Cars, Motorcycles and Similar
             Suku Cadang dan Perlengkapannya (KBLI                                Vehicles), Spare Parts and Accessories (KBLI
             46593); dan                                                          46593); and
        c. Perdagangan Besar Mesin, Peralatan dan                            c. Wholesale         of  Agricultural   Machinery,
             Perlengkapan Pertanian (KBLI 46530);                                 Equipment and Supplies (KBLI 46530);
    2. Jasa                                                             2. Services
        a. Aktivitas Penyewaan dan Sewa Guna Usaha                           a. Rental and Leasing Activities without Option
             tanpa Hak Opsi Mesin, Peralatan dan Barang                           Rights for Other Tangible Machinery,
             Berwujud Lainnya YTDL (Yang Tidak Dapat                              Equipment and Goods N.E.C. (Not Elsewhere
             Diklasifikasikan di Tempat Lain) (KBLI 77399);                       Classified) (KBLI 77399);
        b. Aktivitas Penyewaan dan Sewa Guna Usaha                           b. Rental and Leasing Activities without Option
             tanpa Hak Opsi Mobil, Bus, Truk Dan                                  Rights for Cars, Buses, Trucks and Similar
             Sejenisnya (KBLI 77100);                                             Vehicles (KBLI 77100);
        c. Aktivitas Penyewaan dan Sewa Guna Usaha                           c. Rental and Leasing Activities without Option
             tanpa Hak Opsi Mesin dan Peralatan Industri                          Rights for Processing Industry Machinery and
             Pengolahan (KBLI 77391);                                             Equipment (KBLI 77391);
        d. Aktivitas Penyewaan dan Sewa Guna Usaha                           d. Rental and Leasing Activities without Option
             tanpa Hak Opsi Mesin Pertanian Dan                                   Rights for Agricultural Machinery and
             Peralatannya (KBLI 77392);                                           Equipment (KBLI 77392);
        e. Aktivitas Penyewaan dan Sewa Guna Usaha                           e. Rental and Leasing Activities without Option
             tanpa Hak Opsi Mesin dan Peralatan Konstruksi                        Rights for Construction and Civil Engineering
             Dan Teknik Sipil (KBLI 77393);                                       Machinery and Equipment (KBLI 77393);
        f. Aktivitas Penyewaan dan Sewa Guna tanpa Hak                       f. Rental and Leasing Activities without Option
             Opsi Mesin Pertambangan dan Energi serta                             Rights for Mining and Energy Machinery and
             Peralatannya (KBLI 77395); dan                                       Equipment (KBLI 77395); and
        g. Reparasi Mobil (KBLI 45201);                                      g. Car Repair Services (KBLI 45201);
    3. Konstruksi Penyewaan Alat Konstruksi dengan                      3. Rental of Construction Equipment with Operators
        Operator (KBLI 43905);                                               (KBLI 43905);
    4. Industri                                                         4. Industry
        a. Jasa Industri Untuk Berbagai Pengerjaan Khusus                    a. Industrial Services for Various Specialized
             Logam Dan Barang Dari Logam (KBLI 25920);                            Metal and Metal Product Works (KBLI 25920);
        b. Reparasi Mesin untuk Keperluan Khusus (KBLI                       b. Repair of Machinery for Special Purposes
             33122); dan                                                          (KBLI 33122); and


2025 Annual Report & Sustainability Report                    49                                          PT Hexindo Adiperkasa Tbk

Page 50
    Ikhtisar 2025 | 2025 Highlights                                           Tata Kelola Perusahaan | Corporate Governance
    Laporan Manajemen | Management Report                                     Laporan Keberlanjutan | Sustainability Report
    Profil Perusahaan | Company Profile                                       Laporan Keuangan | Financial Report
    Analisis & Pembahasan Manajemen | Management Discussion & Analysis




               c.Industri Mesin Penambangan, Penggalian dan                                 c.Manufacture of Mining, Quarrying and
                 Konstruksi (KBLI 28240);                                                     Construction Machinery (KBLI 28240);
•       Kegiatan Usaha Penunjang                                              •      Supporting Business Activities
        1. Perdagangan                                                               1. Trading
            a. Perdagangan Besar Peralatan Telekomunikasi                                a. Wholesale of Telecommunication Equipment
                 (KBLI 46523);                                                                (KBLI 46523);
            b. Perdagangan Besar Bahan Bakar Padat, Cair                                 b. Wholesale of Solid, Liquid and Gas Fuels and
                 dan Gas dan Produk YBDI (KBLI 46610); dan                                    Related Products (KBLI 46610); and
            c. Perdagangan Besar Tekstil (KBLI 46411);                                   c. Wholesale of Textiles (KBLI 46411);
        2. Real Estat Yang Dimiliki Sendiri atau Disewa (KBLI                        2. Owned or Leased Real Estate (KBLI 68111).
            68111).


KEGIATAN USAHA YANG DIJALANKAN PADA                                           BUSINESS ACTIVITIES CONDUCTED IN FISCAL
TAHUN BUKU 2025                                                               YEAR 2025
Hingga akhir tahun buku 2025, Perseroan telah menjalankan                     As of the end of fiscal year 2025, the Company had conducted
seluruh kegiatan usaha sesuai dengan yang tercantum dalam                     all of its business activities in accordance with Article 3 of the
Pasal 3 Anggaran Dasar Perseroan, sebagaimana diuraikan di                    Company's Articles of Association, as described above, except
atas, kecuali Konstruksi Penyewaan Alat Konstruksi dengan                     for Construction Equipment Rental with Operators (KBLI
Operator (KBLI 43905). Adapun rincian mengenai produk,                        43905). The details of the products, services, support, and
layanan, dukungan, serta fasilitas yang ditawarkan oleh Perseroan             facilities offered by the Company are as follows:
adalah sebagai berikut:

Produk                                                                        Products
Untuk memenuhi permintaan pasar akan alat berat di berbagai                   To meet market demand for heavy equipment across various
sektor seperti Kehutanan, Pertambangan, Konstruksi dan                        sectors such as Forestry, Mining, Construction, and Plantation,
Perkebunan, Hexindo menyediakan berbagai macam produk                         Hexindo provides a wide range of products, including
termasuk Excavator, Mini Excavator, Wheel Loader, Backhoe                     Excavator, Mini Excavator, Wheel Loader, Backhoe Loader,
Loader, Dump Truck, Heavy Duty Truck, Rollers, Carrier Dump,                  Dump Truck, Heavy Duty Truck, Rollers, Carrier Dump,
dan attachment dari merek-merek ternama seperti Hitachi,                      and attachment from renowned brands such as Hitachi, Bell,
Bell, Dynapac, Foton dan Morooka.                                             Dynapac, Foton, and Morooka.




Layanan                                                                       Services
Dalam rangka meningkatkan kepuasan pelanggan, Hexindo                         To enhance customer satisfaction, Hexindo maintains an
memiliki cakupan layanan yang luas di seluruh wilayah                         extensive service network throughout Indonesia with full-
Indonesia dengan layanan penuh. Dukungan dan fasilitas yang                   service support. The support and facilities provided include:
disediakan meliputi:


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•     Remanufaktur                                                       •    Remanufacturing
      Untuk mendukung proses remanufaktur komponen                            To specifically support the remanufacturing process of
      Hitachi secara khusus, Perseroan menyediakan layanan                    Hitachi components, the Company provides reliable
      yang andal dengan kualitas dan presisi tinggi melalui                   services with high quality and precision through its
      fasilitas remanufaktur. Setiap komponen dirakit ulang                   remanufacturing facility. Each component is reassembled
      dan diuji sesuai dengan pedoman ketat dari Hitachi.                     and tested in accordance with Hitachi’s stringent
      Oleh karena itu, Hexindo memberikan garansi (setara                     guidelines. Therefore, Hexindo provides a warranty
      komponen baru) serta jaminan performa atas komponen                     (equivalent to that of a new component) as well as a
      tersebut.                                                               performance guarantee for such components.
•     Welding Center                                                     •    Welding Center
      Perseroan menyediakan layanan pengelasan yang                           The Company provides welding services designed to
      dirancang untuk memenuhi dan melampaui harapan                          meet and exceed customer expectations through superior
      pelanggan melalui kualitas terbaik, harga yang kompetitif,              quality, competitive pricing, and timely delivery. These
      dan ketepatan waktu pengerjaan. Layanan ini didukung                    services are supported by periodic Non-Destructive
      oleh Pengujian Nondestruktif (NDT) yang dilakukan                       Testing (NDT) to ensure the reliability of the work
      secara berkala untuk menjamin keandalan hasil kerja.                    performed. In addition, Hexindo offers fabrication and
      Selain itu, Hexindo juga menawarkan jasa fabrikasi dan                  reassembly services for heavy equipment components in
      perakitan ulang komponen alat berat sesuai dengan                       accordance with Hitachi Standard Procedures to ensure
      Prosedur Standar Hitachi, guna memastikan performa                      optimal performance and technical compliance.
      optimal dan kesesuaian teknis.
•     E-Service                                                          •    E-Service
      E-Service merupakan solusi berbasis teknologi tinggi yang               E-Service is a high-technology solution designed to assist
      dirancang untuk membantu pelanggan dalam mengontrol                     customers in controlling and monitoring their equipment
      dan memantau unit mereka secara efisien melalui platform                efficiently through the GES (Global E-Service) platform.
      GES (Global E-Service). Layanan ini memungkinkan                        This service enables increased productivity, minimizes
      peningkatan produktivitas, meminimalkan downtime,                       downtime, and promotes overall cost efficiency. With
      serta mendorong efisiensi biaya secara keseluruhan.                     access available anytime and anywhere via the internet,
      Dengan akses yang tersedia kapan saja dan di mana saja                  E-Service serves as an optimal solution to support
      melalui internet, E-Service menjadi pilihan terbaik untuk               customers’ operational performance.
      mendukung kinerja operasional pelanggan secara optimal.


Suku Cadang                                                              Spare Parts
Dalam rangka mewujudkan kepuasan pelanggan dalam layanan                 As part of its commitment to achieving customer satisfaction in
purna jual, Perseroan menjadikan ketersediaan suku cadang                after-sales services, the Company regards spare parts availability
sebagai salah satu pilar utamanya. Perusahaan menyediakan lebih          as one of its key pillars. The Company provides more than
dari 88.000 item suku cadang yang didistribusikan melalui outlet-        88,000 spare part items distributed through strategically located
outlet stok yang tersebar secara strategis di seluruh Indonesia.         stocking outlets across Indonesia. Inventory management is
Pengelolaan stok ini menggunakan Sistem Global HCM Jepang,               supported by the HCM Japan Global System, enabling fast
sehingga memungkinkan pemrosesan data secara cepat dan                   and accurate data processing at each outlet. Supported by
akurat di setiap outlet. Dengan dukungan gudang utama di Jakarta         main warehouses in Jakarta and Balikpapan, as well as direct
dan Balikpapan, serta suplai langsung dari Hitachi Singapura dan         supplies from Hitachi Singapore and Japan, Hexindo ensures a
Jepang, Hexindo memastikan tingkat ketersediaan suku cadang              high level of spare parts availability and efficient delivery times.
yang tinggi dan waktu pengiriman yang efisien.


Training Center                                                          Training Center
Perseroan mengembangkan Pusat Pelatihan sebagai sarana                   The Company has developed a Training Center as a facility
untuk mempersiapkan pemimpin bisnis masa depan yang                      to prepare future business leaders with strong technical,
andal di bidang teknis, operasional, strategis, dan visioner.            operational, strategic, and visionary capabilities. Through
Melalui pelaksanaan program pelatihan kepemimpinan ini,                  the implementation of leadership development programs,
karyawan didorong untuk berpartisipasi dalam berbagai                    employees are encouraged to participate in various training
program, baik teknis maupun nonteknis, yang bertujuan                    programs, both technical and non-technical, aimed at
untuk meningkatkan keterampilan kerja serta memperkuat                   enhancing work-related skills and strengthening their overall
kompetensi mereka secara menyeluruh.                                     competencies.
2025 Annual Report & Sustainability Report                          51                                               PT Hexindo Adiperkasa Tbk

Page 52
 Ikhtisar 2025 | 2025 Highlights                                                        Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                  Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                    Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Keanggotaan dalam Asosiasi                                                      [C.5]

Membership in Associations



Hingga akhir tahun buku 2025, Perseroan tercatat sebagai                                As of the end of fiscal year 2025, the Company was registered as
anggota dan tergabung dalam beberapa asosiasi berikut                                   a member of and affiliated with several associations relevant to
yang relevan dengan kegiatan usaha serta mendukung                                      its business activities and supportive of the Company's business
pengembangan bisnis Perseroan:                                                          development, as follows:




                              Kadin Indonesia                                                                           APINDO
                              Kamar Dagang dan Industri Indonesia                                                       Asosiasi Pengusaha Indonesia
                              Indonesian Chamber of Commerce                                                            Indonesian Employers Association
                              and Industry



          Lingkup     Nasional               Status Keanggotaan       Anggota                      Lingkup      Nasional                Status Keanggotaan   Anggota
          Scope       National               Membership Status        Member                       Scope        National                Membership Status    Member




                              GINSI                                                                                     ASPINDO
                              Gabungan Importir Nasional Seluruh
                                                                                                                        Asosiasi Jasa Pertambangan Indonesia
                              Indonesia
                                                                                                                        Indonesian Mining Services Association
                              National Association of Indonesian
                              Importersand Industry



          Lingkup     Nasional               Status Keanggotaan       Anggota                      Lingkup      Nasional                Status Keanggotaan   Anggota
          Scope       National               Membership Status        Member                       Scope        National                Membership Status    Member




                              PAABI                                                                                     AEI
                              Perhimpunan Agen Pengusaha Alat
                                                                                                                        Asosiasi Emiten Indonesia
                              Berat Indonesia
                                                                                                                        Indonesian Issuers Association
                              Indonesian Heavy Equipment Sole Agent
                              Associationand Industry



          Lingkup     Nasional               Status Keanggotaan       Anggota                      Lingkup      Nasional                Status Keanggotaan   Anggota
          Scope       National               Membership Status        Member                       Scope        National                Membership Status    Member




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                                                                                                                                                      03

Wilayah Operasi                              [POJK C.3] [GRI 2-1]

Operating Area




      Lokasi                                                        Alamat                                                         Telepon
         Area                                                       Address                                                        Telephone
 Wilayah Barat
 West Area
 Kantor Cabang
 Branch Offices
                        Jl. Prof. Moh. Hasan No. 133, Lampeuneurut Gampong Kecamatan Darul Imarah, Aceh Besar
 Banda Aceh                                                                                                              (0651) 8054092
                        Nanggroe Aceh Darussalam 23352.
 Bandung                Jln. Gatot Subroto No. 259, Kel. Cibangkong, Kec. Batununggal, Bandung, Jawa Barat 40274         (022) 87354190
                        Kawasan Industri Pulo Gadung - Jl. Pulo Kambing II Kav. I-II No. 33, Jakarta Timur, Jakarta
 Jakarta                                                                                                                 (021) 4603738
                        13930.
 Jambi                  Jl. Marsda Surya Darma No. 48 Km. 10 Kenali Asam Bawah, Kota Baru, Jambi 36128.                  (0741) 42500 / 40677
                                                                                                                         (061) 7941728 / 7941723 /
 Medan                  Jl. Medan Tanjung Morawa Km. 11,5, Medan, Sumatera Utara 20362.
                                                                                                                         7941724
 Padang                 Jl. Raya Bypass Km. 20 Tanjung Aur, Kec. Koto Tangah, Padang, Sumatera Barat 25171.              (0751) 483366
 Palembang              Jl Letjen Harun Sohar No. 81 Simpang Tanjung Api-api, Palembang, Sumatera Selatan 30152.         (0711) 419425 / 419632
 Pekanbaru              Jl. Soekarno Hatta No. 62 A Pekanbaru, Riau 28292.                                               (0761) 587943
                        Jl. Adi Sucipto KM.12 Arang Limbung, kec, Sungai Raya, kab. Kubu Raya, Kalimantan Barat
 Pontianak                                                                                                               (0561) 725354 / 6726215
                        78391.
 Kantor Perwakilan
 Contact Offices
 Bandar Lampung         Jl. By Pass Soekarno Hatta Km 09 No 09 Tanjung Senang, Bandar Lampung 35141.                     (0721) 781533
                        Jl. Lingkar Selatan Cilegon KM. 2, Kp. Larangan RT 003/RW 002, Desa Harjatani, Kec.
 Cilegon                                                                                                                 (0254) 7819416 / 7819436
                        Kramatwatu 42161
 Ketapang               Jl. Pawan 1 No. 47, Desa Baru, Kecamatan Benua Kayong, Ketapang, Kalimantan Barat 78822.         (0534) 3067776
 Muara Enim             Jl. Jenderal Sudirman KM 3,5 Desa Muara Enim, Kec. Muara Enim, Sumatera Selatan 31311.           (0734) 4251 757 / 4251 838
                        Jl. Jend. Sudirman No. 9, Kel. Selindung Baru, Kec. Gabek, Pangkalpinang, Kep. Bangka Belitung
 Pangkalpinang                                                                                                           (0717) 431644
                        33117.
                        Jl. Abdul Rahman Saleh no.191 RT.07/ RW.07, Kel. Kembangarum, Kec. Semarang Barat,
 Semarang                                                                                                                (024) 7622128
                        Semarang, Jawa Tengah 50145.
 Sungai Baung           Sinar Mas Forestry - Jalan Distrik Jelutung, Sungai Baung (OKI)                                  0813-2432-0385
                        Jl. Jend Sudirman km.7 no. 08 rt.12 rw.04 Air Raya Ujung 1 Desa Perawas, Tanjug Pandan,
 Tanjung Pandan                                                                                                          (0719) 24500
                        Belitung 33131
 Wilayah Timur
 East Area
 Kantor Cabang
 Branch Offices
                        Jl. A. Yani Km. 23 RT. 09 RW 03 Landasan Ulin Banjarbaru, Banjarmasin, Kalimantan Selatan        (0511) 4706056 / 4705544 /
 Banjarmasin
                        70724.                                                                                           470517
 Balikpapan             Jl. Mulawarman No. 99 Batakan, Balikpapan 76116.                                                 (0542) 760320 / 760322
 Jayapura               Jl. Raya Sentani No. 92, Kel. Hedam, Kec. Heram Abepura, Jayapura, Papua 99351.                  (0967) 5189565
 Makassar               Jl. Kima Raya I Kav. K.1A Makassar Industrial Estate Daya - Makassar, Sulawesi Selatan 90241.    (0411) 510853 / 510857
                        Jl. Raya Manado-Bitung (Maumbi), Desa Watutumou II Jaga VII Kec. Kalawat Kab. Minahasa           (0431) 7005200 / 7005184 /
 Manado
                        Utara Sulut, Manado 90245.                                                                       7005194
 Surabaya               Jl. Rungkut Industri II No. 59 RT. 003 RW 006, Surabaya, Jawa Timur 60293.                       (031) 8420096
                        Jl. Jenderal Sudirman Km.45 Mentawa Baru Hulu, Mentawa Baru Ketapang, Kab. Kotawaringin
 Sampit                                                                                                                  (0531) 31941
                        Timur, Kalimantan Tengah 74332
 Samarinda              Jl. Cipto Mangunkusumo No. 19 Kel. Gunung Panjang - Samarinda, Kalimantan Timur 75131.           (0541) 261608 / 261070
 Tarakan                Jl Aki Balak RT 03, Kelurahan Juata Kerikil, Kec Tarakan Utara Kota Tarakan                      (0551) 51778 / 51779
 Kantor Perwakilan
 Contact Offices
 Batu Licin             Jl. Raya Batulicin RT 17 RW 03 No 109 Kec. Batulicin, Kalimantan Selatan 72171.                  (0518) 71788
 GAM Site               Jl. Soekarno Hatta RT. 02 Dusun Kalimaya, Desa Sempayau, Kec. Sangkulirang, Kab. Kutai
                                                                                                                         -
 Support                Timur, Kalimantan Timur 75684
 Gorontalo              Jl Arif Rahman Hakim RT02 RW06, Kel. Pulubala, Kec. Kota Tengah, Gorontalo 96127                 (0435) 828223



2025 Annual Report & Sustainability Report                                    53                                                PT Hexindo Adiperkasa Tbk

Page 54
 Ikhtisar 2025 | 2025 Highlights                                                     Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                               Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                 Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




        Lokasi                                                        Alamat                                                                   Telepon
         Area                                                         Address                                                                  Telephone
                        Jl. Y. Wayong No 25 -26 By Pass Lepo-lepo, Kel. Wundudopi Kec. Baruga, Kendari, Sulawesi
 Kendari                                                                                                                             (0401) 3139158 / 3139159
                        Tenggara 93116
 Kupang                 Jl. Veteran Kel. Kelapa Lima, Kec. Kelapa Lima Kota Kupang                                                   (0380) 832986
 Merauke                Jl. Noari, Karang Indah 99614, Merauke                                                                       -
                        Jl. Trans Sulawesi RRSL 00065, Desa / Kel IPI, Kec. Bungku Tengah, Kabupaten Morowali,
 Morowali                                                                                                                            -
                        Sulawesi Tengah, 94673
                        Jl. Soekarno Hatta, Tondo Mantikulore, Kel Tondo, Kec Palu Timur, Palu - Sulawesi Tengah
 Palu                                                                                                                                (0451) - 423003
                        94119
 Sorong                 Jl. Basuki Rahmat, km 8 Kota Sorong, Papua Barat Daya                                                        (0951) 3131569
                                                                                                                                     (0431) 7005200 / 7005184
 Weda                   Dusun II, Desa Lelilef Waybulan, Kec. Weda Tengah, Kab. Halmahera Tengah, Maluku Utara.
                                                                                                                                     / 7005194
 Wilayah Pertambangan Balikpapan dan Proyek
 Mining Balikpapan and Project Areas
 Proyek Pertambangan
 Mining Projects
 Adaro BUMA             Jl. Hauling Road KM.73 Paringin - Kalimantan Selatan 71611                                                   (0813) 49743398
 Adaro SIS              Hauling Road Adaro KM.76 Tanjung - Tabalong, Kalimantan Selatan 71571                                        (0811) 517892
 Balikpapan
                        Jl. Mulawarman No. 99 Batakan, Balikpapan Kalimantan Timur 76116.                                            (0542) 763020 / 763022
 Mining
                        PT Darma Henwa Tbk, 8 Paso Timur Dulun Kelawitan, Dusun II Desa Sepaso Timur Kec.
 Bengalon                                                                                                                            -
                        Bengalon, Kab. Kutai Timur 75618.
 Berau                  Jl. M Iswahyudi Km. 5, Kel. Rinding, Kec. Teluk Bayur, Kalimantan Timur 77135.                               (0544) 2703110 / 2027208
 Kideco PAMA &
                        Desa Batu Kajang, Kecamatan Batu Sopang, Kabupaten Pasir, Kalimantan Timur 76252.                            -
 SIMS
                        Warehouse Talang Camp Sidi KPUC - Coal Project Langap, Long Loreh, Kec. Malinau Selatan,
 Malinau                                                                                                                             -
                        Kab. Malinau, Kalimantan Utara
 Melak                  Jl. Sendawar Raya RT. 04 - Royoq, Kp. Sekolaq Oday, Kutai Barat, Kalimantan Timur 75313                      (0545) 41788
 Muara Bungo
                        Tambang PT KIM Desa Tanjung Belit, Kecamatan Jujuhan, Jambi 76114                                            -
 ATP
                        Jalan Muara Teweh - Kandui KM.7 No.59, RT.04B, RW.02, Kel. Jingah, Kec. Teweh Baru, Kab.
 Muara Teweh                                                                                                                         -
                        Barito Utara
 Pani Gold Project      Dusun Melati Desa Marisa Utara Kec. Marisa Kab. Pohuwato Prov. Gorontalo, Indonesia 96266                    0852-4762-7055
 Samarinda
                        Jl. Cipto Mangunkusumo No. 19 Kel. Sungai Kunjang - Samarinda, Kalimantan Timur 75131.                       (0541) 261608 / 261070
 Mining
 Sangatta               KPC Project Sangatta, Tango Delta - Sangatta, Kutai Timur, Kalimantan Timur 75387                            (0549) 21524 / 521259
                        Bontsora Area, Vale Project Sorowako - Plant Site Sorowako, Kab. Luwu Timur Sulawesi Selatan
 Sorowako Vale                                                                                                                       (021) 5249100 ext. 5786
                        92984
                        Amman Mineral Nusa Tenggara Project, Workshop Shovel & Drill PT AMNT, Sekongkang,
 Sumbawa AMNT                                                                                                                        -
                        Sumbawa Barat
 Toka Tindung           Supported by Pani Gold Project                                                                               -
 Wetar                  Desa Lurang, Kec. Wetar Utara, Kab. Maluku Barat Daya, Provinsi Maluku                                       -
 Fasilitas Lainnya
 Other Facilities
 Balikpapan             Jl. Mulawarman No. 99 Batakan, Balikpapan 76116.
                                                                                                                                     (0542) 760320 / 760322
 Remanufacturing
 Balikpapan
                        Jl. Jend. Sudirman No. 20 RT 45 Balikpapan 76114.                                                            (0542) 765764
 Training Center
 Samarinda
                        Jl. Cipto Mangunkusumo No. 19 Kel. Sungai Kunjang - Samarinda, Kalimantan Timur 75131.                       (0541) 261608
 Welding
 Sangatta Welding       KPC Project Sangatta, Tango Delta - Sangatta, Kutai Timur, Kalimantan Timur 75387                            (0549) 21524 / 521259
 Jakarta Training       Kawasan Industri Pulo Gadung - Jl. Pulo Kambing II Kav. I-II No. 33, Jakarta Timur,
                                                                                                                                     (021) 4611688
 Center                 Jakarta 13930




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2025 Annual Report & Sustainability Report   55   PT Hexindo Adiperkasa Tbk

Page 56
 Ikhtisar 2025 | 2025 Highlights                                               Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                         Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                           Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Jaringan Kantor                               [C.3][2.1]

Office Network




     Alamat Kantor
     Office Address

     Kantor Pusat | Head Office
     Kawasan Industri Pulo Gadung
     (Jakarta Industrial Estate Pulo Gadung)
     Jl. Pulo Kambing II Kav. I-II No.33
     Jakarta 13930

     Telepon | Telephone : 021-4611688




         Kantor Cabang                                                                   Kantor Proyek Pertambangan
         Branch Offices                                                                  Mining Project Offices

1.   Banda Aceh              8. Jakarta                    15. Tarakan         1. Adaro                      7. Kideco PAMA               12. Sangatta
2.   Medan                   9. Bandung                    16. Makassar        2. Pani                           & SIMS                   13. Muara Teweh
3.   Pekanbaru               10. Surabaya                  17. Jayapura        3. Muara Bungo                8. Malinau                   14. Balikpapan
4.   Jambi                   11. Banjarmasin               18. Manado             ATP                        9. Melak                         Mining
5.   Padang                  12. Balikpapan                                    4. Bengalon                   10. Sumbawa                  15. Sorowako Vale
6.   Palembang               13. Sampit                                        5. Berau                          AMNT
7.   Pontianak               14. Samarinda                                     6. Wetar                      11. Samarinda
                                                                                                                 Mining




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                                                 Jaringan operasional Perseroan mencakup 18 kantor
                                                     cabang, 18 kantor perwakilan, 15 kantor proyek
                                                pertambangan, serta 5 fasilitas lainnya yang tersebar
                                                                    di berbagai wilayah di Indonesia.
                                                  The Company’s operational network comprises 18 branch offices, 18
                                                 representative offices, 15 mining project offices, and 5 other facilities,
                                                                        distributed across various regions in Indonesia.




         Kantor Perwakilan                                                  Fasilitas Lainnya
         Contact Offices                                                    Other Facilities

1. Tanjung                 6. Semarang       12. Kendari           1.   Balikpapan Remanufacturing
   Pandan                  7. Muara Enim     13. Morowali          2.   Balikpapan Training Center
2. Pangkalpinang           8. Sungai Baung   14. Gorontalo         3.   Samarinda Welding
3. Cilegon                     Site Office   15. Weda              4.   Jakarta Training Center
4. Ketapang                9. Palu           16. GAM Site          5.   Sangatta Welding
5. Bandar                  10. Kupang            Support
   Lampung                 11. Batu Licin    17. Sorong
                                             18. Merauke




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Page 58
 Ikhtisar 2025 | 2025 Highlights                                                      Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                  Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Struktur Organisasi
Organizational Structure
                                                                                                               Rapat Umum Pemegang Saham
                                                                                                               General Meeting of Shareholders


                                                                                                                      Dewan Komisaris
                                                                                                                    Board of Commissioners

                                                                                                                   Toto Wahyudiyanto
                                                                                                        Presiden Komisaris (Komisaris Independen)
                                                                                                   President Commissioner (Independent Commissioner)

                                                                                                                          Harry Danui
                                                                                                                      Komisaris Independen
                                                                                                                    Independent Commissioner



                                                                                                                              Direksi
                                                                                                                         Board of Directors
                                                      Komite Kepatuhan dan
    Komite Keselamatan &                                                                                                 Dwi Swasono
                                                        Manajemen Risiko
       Kesehatan Kerja                                                                                        Presiden Direktur | President Director
                                                       Compliance and Risk
  Occupation Safety Committee
                                                      Management Committee                                                Yasumasa Zaizen
                                                      Advisor: Nobuyasu Hagiwara                                          Direktur | Director
   Chairman: Presiden Direktur                                 (Director)
                                                       Chairman: Dea Deskarina                                           Nobuyasu Hagiwara
  Vice Chairman: Ichsan Armanda                                                                                           Direktur Director
  Secretary: Rosiana Rizki Amelia                      (Legal Department Head)
                                                                                                                              Yoshendri
                                                                                                                          Direktur | Director

                                                                                                                           Teru Karahashi
                                                                                                                          Direktur | Director

                                                                                                                           Hiroki Majima
                                                                                                                          Direktur | Director

                                                                                                                            Ryoji Tanaka
                                                                                                                          Direktur | Director

                                                                                                                          Akihiro Yoshida
                                                                                                                          Direktur | Director


                                  Unit Usaha
                                 Business Unit




              Cabang                                                   Product Support Project Operation
              Branches                                  Binar Yustanto – Product Support Project Operation Division Head


           Wilayah Barat                                              Operasional Proyek 1 | Project Operational 1
            West Area                                                     Ade Sule – Project Operation Head


          Wilayah Timur                                               Operasional Proyek 2 | Project Operational 2
            East Area                                                   Iwan Purnomo – Project Operation Head


                                                                      Operasional Proyek 3 | Project Operational 3
                                                                        Iwan Purnomo – Project Operation Head




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                                               Komite Audit
                                              Audit Committee

                                                Harry Danui
                                              Ketua | Chairman

                                             Bambang Dewandaru
                                              Anggota | Member

                                              Junarto Tjahjadi
                                              Anggota | Member




                                 Sekretaris Perusahaan                            Audit Internal
                                  Corporate Secretary                             Internal Audit

                                  Listiana A. Kurniawati                         Muhammad Thamrin




                                                                  Unit Usaha
                                                                 Business Unit



                      Human Capital Division                                                    Sales Admin Division
                     Zahirman - Division Head                                                Eiji Kimura – Division Head
               Thomas Cahyono – Deputy Division Head                                  Felix Simatupang – Deputy Division Head
                                                                                                Mining Sales Division
                     Finance & Credit Division                                               Darrel Wolf – Division Head
                 Maruyama Ryoichi - Division Head                                     Sannomiya Naoto – Deputy Division Head
           Agus Sudarsono – Finance Deputy Division Head
           Rachmat Andri K – Credit Deputy Division Head                                     Product Support Division
                                                                                             Sudarsono – Division Head
           IT & Corporate Strategic Management Division                               Rikiya Munekata – Deputy Division Head
                    Zahirman – Division Head
                                                                                             Training Center Division
                                                                                          Syamsul Ariefin – Division Head
                    General Sales Support Division
                      Eiji Kimura – Division Head                                                 Parts Division
                  Dedih Ifandi – Deputy Division Head                                      Shinya Tahata – Division Head
                 Catur B. Riyadi – Deputy Division Head
                                                                                       Parts & Service Sales Support Division
                                                                                              M. Nasir – Division Head



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Page 60
 Ikhtisar 2025 | 2025 Highlights                                                   Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                             Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                               Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




                                                                      YOSHENDRI                                         DWI SWASONO
                                                                        Direktur                                        Presiden Direktur
                                                                        Director                                         President Director



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         NOBUYASU HAGIWARA                   KOJI SATO*   TERU KARAHASHI
               Direktur                       Direktur        Direktur
                        Director               Director       Director



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Page 62
 Ikhtisar 2025 | 2025 Highlights                                                    Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                              Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Profil Direksi                        [2-9]

Board of Directors’ Profile




DWI
SWASONO
Presiden Direktur
President Director


 Usia | Age
 55 Tahun
 55 Years Old
 Kewarganegaraan | Citizenship
 Warga Negara Indonesia
 Indonesian citizen
 Domisili | Domicille
 Bekasi
 Dasar Pengangkatan | Basis of Appointment
 Diangkat sebagai Presiden Direktur Perseroan untuk periode pertama berdasarkan
 Keputusan RUPST tanggal 16 September 2025 dengan masa jabatan hingga penutupan
 RUPST 1 (satu) tahun berikutnya.
 He was appointed as President Director of the Company for his first term based on the
 resolution of the Annual General Meeting of Shareholders (AGMS) held on September 16,
 2025, with a term of office until the closing of the next AGMS.
 Riwayat Pendidikan | Education Background
 Teknik Mesin Kelautan, Politeknik Pembangunan Kapal, Institut Teknologi Sepuluh
 Nopember, Surabaya.
 He holds a degree in Marine Engineering from the Shipbuilding Development Polytechnic,
 Institut Teknologi Sepuluh Nopember (ITS), Surabaya.
 Riwayat Pekerjaan | Career History
 Beliau memulai karier di Perseroan pada tahun 1993 sebagai mekanik di beberapa
 cabang dan proyek selama kurang lebih 2 (dua) tahun hingga diangkat sebagai Staf
 Teknik di Kantor Pusat pada tahun 1995. Selain itu, beliau juga pernah menjabat
 sebagai Kepala Cabang Jakarta (2008) serta Kepala Divisi Parts & Service (2014).
 He began his career with the Company in 1993 as a mechanic and served at several branches
 and project sites for approximately two years before being appointed as a Technical Staff
 member at the Head Office in 1995. He subsequently held several key positions, including
 Head of the Jakarta Branch (2008) and Head of the Parts & Service Division (2014).
 Rangkap Jabatan | Concurrent Positions
 Saat ini, beliau tidak memiliki rangkap jabatan pada perusahaan lain.
 He currently holds no concurrent positions at other companies.
 Hubungan Afiliasi | Affiliation Relationship
 Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, Direksi, maupun
 Pemegang Saham Pengendali Perseroan.
 Has no affiliated relationship with any member of the Board of Commissioners, the Board of
 Directors, or the Company's Controlling Shareholder.




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KOJI
SATO*
Direktur
Director


 Usia | Age
 55 Tahun
 55 Years Old
 Kewarganegaraan | Citizenship
 Warga Negara Jepang
 Japanese citizen
 Domisili | Domicille
 Jakarta (Sementara / Temporary)
 Dasar Pengangkatan | Basis of Appointment
 Diangkat sebagai Direktur Perseroan untuk periode pertama berdasarkan keputusan
 RUPSLB tanggal 19 Mei 2026 dengan masa jabatan hingga penutupan RUPST 2026.
 Appointed as Director of the Company for the first term based on the resolution of the
 Extraordinary General Meeting of Shareholders (EGMS) dated 19 May 2026, with a term of
 office until the 2026 AGMS.
 Riwayat Pendidikan | Education Background
 Bachelor of Merchant Marine Engineering, Tokyo University of Mercantile Marine
 (1993).
 Bachelor of Merchant Marine Engineering, Tokyo University of Mercantile Marine (1993).
 Riwayat Pekerjaan | Career History
 Sebelum bergabung dengan Perseroan, beliau memulai kariernya di Hitachi
 Construction Machinery Co., Ltd. pada tahun 1993. Selama lebih dari tiga dekade
 berkarier, beliau telah menduduki berbagai posisi strategis, antara lain sebagai Staff,
 Kyushu Branch, Fukuoka Office Service Supervisor Customer Support (1993–2001);
 Assistant Manager, West Japan Business Division, Service Department (2001–2005);
 Assistant Manager, GO Project, Business Process Innovation Division (2005–2007);
 Manager, GO Project, Business Process Innovation Division (2007–2010); Manager,
 Service Support Department, Customer Support Division (2010–2016); Product
 Support Director, Asia Business Division, Marketing Group, yang diperbantukan ke PT
 Hexindo Adiperkasa Tbk, Indonesia (2016–2022); serta Senior Office General Manager,
 Customer Support Division, Spare Parts & Service Business Unit, Hitachi Construction
 Machinery Headquarters, Jepang (2022–2026).
 Prior to joining the Company, he began his career at Hitachi Construction Machinery Co.,
 Ltd. in 1993. Over more than three decades of professional experience, he held various
 strategic positions, including Staff, Kyushu Branch, Fukuoka Office Service Supervisor
 Customer Support (1993–2001); Assistant Manager, West Japan Business Division, Service
 Department (2001–2005); Assistant Manager, GO Project, Business Process Innovation
 Division (2005–2007); Manager, GO Project, Business Process Innovation Division (2007–
 2010); Manager, Service Support Department, Customer Support Division (2010–2016);
 Product Support Director, Asia Business Division, Marketing Group, seconded to PT
 Hexindo Adiperkasa Tbk, Indonesia (2016–2022); and Senior Office General Manager,
 Customer Support Division, Spare Parts & Service Business Unit, Hitachi Construction
 Machinery Headquarters, Japan (2022–2026).
 Rangkap Jabatan | Concurrent Positions
 Saat ini, beliau tidak memiliki rangkap jabatan pada perusahaan lain.
 He currently holds no concurrent positions at other companies.
 Hubungan Afiliasi | Affiliation Relationship
 Memiliki hubungan afiliasi dengan Pemegang Saham Pengendali Perseroan, namun
 tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris maupun Direksi.
 Has an affiliated relationship with the Company's Controlling Shareholder but has no
 affiliated relationship with any member of the Board of Commissioners or the Board of
 Directors.
*Menjabat sebagai Direktur Perseroan sejak 19 Mei 2026.
*Has served as Director of the Company since 19 May 2026.


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Page 64
 Ikhtisar 2025 | 2025 Highlights                                                       Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                 Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                   Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




NOBUYASU
HAGIWARA
Direktur
Director


 Usia | Age
 52 Tahun
 52 Years Old
 Kewarganegaraan | Citizenship
 Warga Negara Jepang
 Japanese Citizen
 Domisili | Domicille
 Jakarta (Sementara / Temporary)
 Dasar Pengangkatan | Basis of Appointment
 Diangkat sebagai Direktur Perseroan untuk periode pertama berdasarkan keputusan
 RUPSLB tanggal 24 Mei 2023 dan diangkat kembali untuk jabatan yang sama pada
 RUPST tanggal 16 September 2025 dengan masa jabatan hingga penutupan RUPST 1
 (satu) tahun berikutnya.
 First appointed as a Director of the Company based on the resolution of the Extraordinary
 General Meeting of Shareholders (EGMS) held on May 24, 2023, and was reappointed to the
 same position at the Annual General Meeting of Shareholders (AGMS) on September 16,
 2025, with a term of office until the closing of the next AGMS.
 Riwayat Pendidikan | Education Background
 Bachelor of Engineering, Yokohama National University (1996).
 Bachelor of Engineering degree from Yokohama National University (1996).
 Riwayat Pekerjaan | Career History
 Sebelum bergabung dengan Perseroan, beliau memulai karirnya di Itochu Corporation
 pada tahun 1996 sebagai Business Staff. Selanjutnya, beliau dipercaya untuk menduduki
 berbagai posisi manajerial strategis, antara lain sebagai Deputy Manager, Construction
 Machinery Section No. 3, Construction Machinery Department, Itochu Corporation,
 Tokyo, Jepang (2011); Marketing Manager, KENT, Ashgabat, Turkmenistan (2015);
 Manager, Construction Machinery Section No. 3, Construction Machinery Department,
 Itochu Corporation, Tokyo, Jepang (2017); Manager, Construction Machinery Section,
 Construction Machinery & Industrial Machinery Department, Itochu Corporation,
 Tokyo, Jepang (2018); serta General Manager, Itochu Corporation Nairobi Liaison
 Office, Nairobi, Kenya (2019).
 Prior to joining the Company, he began his career at Itochu Corporation in 1996 as a Business
 Staff member. He subsequently held various strategic managerial positions, including Deputy
 Manager, Construction Machinery Section No. 3, Construction Machinery Department,
 Itochu Corporation, Tokyo, Japan (2011); Marketing Manager, KENT, Ashgabat,
 Turkmenistan (2015); Manager, Construction Machinery Section No. 3, Construction
 Machinery Department, Itochu Corporation, Tokyo, Japan (2017); Manager, Construction
 Machinery Section, Construction Machinery & Industrial Machinery Department, Itochu
 Corporation, Tokyo, Japan (2018); and General Manager, Itochu Corporation Nairobi
 Liaison Office, Nairobi, Kenya (2019).
 Rangkap Jabatan | Concurrent Positions
 Saat ini, beliau memiliki rangkap jabatan pada perusahaan lain.
 He currently holds concurrent positions in other companies.
 Hubungan Afiliasi | Affiliation Relationship
 Memiliki hubungan afiliasi dengan Pemegang Saham Pengendali Perseroan, namun
 tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris maupun Direksi.
 Has an affiliated relationship with the Company's Controlling Shareholder but has no
 affiliated relationship with any member of the Board of Commissioners or the Board of
 Directors.




PT Hexindo Adiperkasa Tbk                                                         64                                        Laporan Tahunan & Laporan Keberlanjutan 2025

Page 65
                                                                                                                 03




TERU
KARAHASHI
Direktur
Director


 Usia | Age
 53 Tahun
 53 Years Old
 Kewarganegaraan | Citizenship
 Warga Negara Jepang
 Japanese Citizen
 Domisili | Domicille
 Jakarta (Sementara / Temporary)
 Dasar Pengangkatan | Basis of Appointment
 Diangkat sebagai Direktur Perseroan untuk periode pertama berdasarkan keputusan
 RUPSLB tanggal 22 Juni 2022 dan diangkat kembali untuk jabatan yang sama pada
 RUPST tanggal 16 September 2025 dengan masa jabatan hingga penutupan RUPST 1
 (satu) tahun berikutnya.
 First appointed as a Director of the Company based on the resolution of the Extraordinary
 General Meeting of Shareholders (EGMS) held on June 22, 2022, and was reappointed to the
 same position at the Annual General Meeting of Shareholders (AGMS) on September 16,
 2025, with a term of office until the closing of the next AGMS.
 Riwayat Pendidikan | Education Background
 Osaka Prefectural Seijo Technical.
 Osaka Prefectural Seijo Technical School.
 Riwayat Pekerjaan | Career History
 Sebelum bergabung dengan Perseroan, beliau memulai karir di (HCM) Jepang pada
 tahun 1991 di Service Department, Kansai Regional Branch Office dan telah menempati
 berbagai posisi penting antara lain Deputy General Manager HCM Shanghai (2000);
 Direktur SHCM Service Co., Ltd. Thailand (2008); serta Manager (Group Leader)
 Service Planning Group, Technical Support Department, HCM Life Cycle Support
 Operations Division
 Before joining the Company, he began his career with Hitachi Construction Machinery Co.,
 Ltd. (HCM), Japan, in 1991 in the Service Department at the Kansai Regional Branch Office.
 Throughout his career, he held various key positions, including Deputy General Manager of
 HCM Shanghai (2000), Director of SHCM Service Co., Ltd., Thailand (2008), and Manager
 (Group Leader) of the Service Planning Group, Technical Support Department, HCM Life
 Cycle Support Operations Division.
 Rangkap Jabatan | Concurrent Positions
 Saat ini, beliau tidak memiliki rangkap jabatan pada perusahaan lain.
 He currently holds no concurrent positions at other companies.
 Hubungan Afiliasi | Affiliation Relationship
 Memiliki hubungan afiliasi dengan Pemegang Saham Pengendali Perseroan, namun
 tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris maupun Direksi.
 Has an affiliated relationship with the Company's Controlling Shareholder but has no
 affiliated relationship with any member of the Board of Commissioners or the Board of
 Directors.




2025 Annual Report & Sustainability Report                                     65             PT Hexindo Adiperkasa Tbk

Page 66
 Ikhtisar 2025 | 2025 Highlights                                                       Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                 Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                   Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




YOSHENDRI
Direktur
Director




 Usia | Age
 57 Tahun
 57 Years Old
 Kewarganegaraan | Citizenship
 Warga Negara Indonesia
 Indonesian Citizen
 Domisili | Domicille
 Jakarta
 Dasar Pengangkatan | Basis of Appointment
 Diangkat sebagai Direktur Perseroan untuk periode pertama berdasarkan keputusan
 RUPST tanggal 18 September 2020 dan diangkat kembali untuk jabatan yang sama
 pada RUPST tanggal 16 September 2025 dengan masa jabatan hingga penutupan
 RUPST 1 (satu) tahun berikutnya.
 First appointed as a Director of the Company based on the resolution of the Annual General
 Meeting of Shareholders (AGMS) held on September 18, 2020, and was reappointed to the
 same position at the AGMS held on September 16, 2025, with a term of office until the closing
 of the next AGMS.
 Riwayat Pendidikan | Education Background
 Sarjana dari Fakultas Ekonomi, Universitas Sumatera Utara, Medan.
 Bachelor's degree in Economics from the Faculty of Economics, University of North Sumatra,
 Medan.
 Riwayat Pekerjaan | Career History
 Beliau memulai karier di Perseroan pada tahun 1997 sebagai Staf Finance di Cabang
 Medan. Seiring waktu, beliau dipercaya untuk mengemban berbagai posisi strategis,
 antara lain sebagai Kepala Departemen Finance & Treasury di Kantor Pusat pada (2013
 - 2015) dan Kepala Divisi Keuangan.
 He began his career with the Company in 1997 as a Finance Staff member at the Medan
 Branch. Over the years, he was entrusted with various strategic positions, including Head of
 the Finance & Treasury Department at the Head Office (2013–2015) and Head of the Finance
 Division (2015–2020).
 Rangkap Jabatan | Concurrent Positions
 Saat ini, beliau tidak memiliki rangkap jabatan pada perusahaan lain.
 He currently holds no concurrent positions at other companies.
 Hubungan Afiliasi | Affiliation Relationship
 Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, Direksi, maupun
 Pemegang Saham Pengendali Perseroan.
 Has no affiliated relationship with any member of the Board of Commissioners, the Board of
 Directors, or the Company's Controlling Shareholder.




PT Hexindo Adiperkasa Tbk                                                         66                                        Laporan Tahunan & Laporan Keberlanjutan 2025

Page 67
                                                                                                                    03




HIROKI
MAJIMA
Direktur Nonresiden
Non-Resident Director


 Usia | Age
 47 Tahun
 47 Years Old
 Kewarganegaraan | Citizenship
 Warga Negara Jepang
 Japanese Citizen
 Domisili | Domicille
 Jepang
 Japan
 Dasar Pengangkatan | Basis of Appointment
 Diangkat sebagai Direktur Perseroan untuk periode pertama berdasarkan keputusan
 RUPST tanggal 26 September 2023 dan diangkat kembali untuk jabatan yang sama
 pada RUPST tanggal 16 September 2025 dengan masa jabatan hingga penutupan
 RUPST 1 (satu) tahun berikutnya.
 First appointed as a Director of the Company based on the resolution of the Annual General
 Meeting of Shareholders (AGMS) held on September 26, 2023, and was reappointed to the
 same position at the AGMS held on September 16, 2025, with a term of office until the closing
 of the next AGMS.
 Riwayat Pendidikan | Education Background
 Gakushuin University (2001)
 Gakushuin University in 2001
 Riwayat Pekerjaan | Career History
 Sebelum bergabung dengan Perseroan, beliau mengawali karirnya di Biprogy Inc.
 (sebelumnya bernama Nihon Unisys Co., Ltd.) pada tahun 2002. Pada tahun 2006,
 beliau bergabung dengan Hitachi Construction Machinery Trading Co., Ltd. di
 Accounting Department hingga menjabat sebagai Manager. Pada tahun 2016, beliau
 bergabung dengan Hitachi Construction Machinery Co., Ltd. (HCM) Jepang dan
 menjabat sebagai Manager (2018), kemudian dipromosikan sebagai Director di HCM
 Thailand hingga saat ini.
 Before joining the Company, he began his career at Biprogy Inc. (formerly Nihon Unisys Co.,
 Ltd.) in 2002. In 2006, he joined Hitachi Construction Machinery Trading Co., Ltd. in the
 Accounting Department, where he advanced to the position of Manager. In 2016, he joined
 Hitachi Construction Machinery Co., Ltd. (HCM), Japan, and served as Manager from 2018.
 He was subsequently promoted to Director of HCM Thailand, a position he continues to
 hold.
 Rangkap Jabatan | Concurrent Positions
 Saat ini, beliau tidak memiliki rangkap jabatan pada perusahaan lain.
 He currently holds no concurrent positions at other companies.
 Hubungan Afiliasi | Affiliation Relationship
 Memiliki hubungan afiliasi dengan Pemegang Saham Pengendali Perseroan, namun
 tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris maupun Direksi.
 Has an affiliated relationship with the Company's Controlling Shareholder but has no
 affiliated relationship with any member of the Board of Commissioners or the Board of
 Directors.




2025 Annual Report & Sustainability Report                                        67             PT Hexindo Adiperkasa Tbk

Page 68
 Ikhtisar 2025 | 2025 Highlights                                                    Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                              Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




RYOJI
TANAKA
Direktur Nonresiden
Non-Resident Director


 Usia | Age
 52 Tahun
 52 Years Old
 Kewarganegaraan | Citizenship
 Warga Negara Jepang
 Japanese citizen
 Domisili | Domicille
 Jepang
 Japan
 Dasar Pengangkatan | Basis of Appointment
 Diangkat sebagai Direktur Perseroan untuk periode pertama berdasarkan keputusan
 RUPSLB tanggal 19 Juli 2024 dan diangkat kembali untuk jabatan yang sama pada
 RUPST tanggal 16 September 2025 dengan masa jabatan hingga penutupan RUPST 1
 (satu) tahun berikutnya.
 First appointed as a Director of the Company based on the resolution of the Extraordinary
 General Meeting of Shareholders (EGMS) held on July 19, 2024, and was reappointed to the
 same position at the Annual General Meeting of Shareholders (AGMS) held on September
 16, 2025, with a term of office until the closing of the next AGMS.
 Riwayat Pendidikan | Education Background
 Hosei University of Social Sciences (1996).
 Faculty of Social Sciences, Hosei University, in 1996.
 Riwayat Pekerjaan | Career History
 Sebelum bergabung dengan Perseroan, beliau memulai karier di Hitachi Construction
 Machinery Co., Ltd. Jepang pada April 1996, kemudian pada September tahun yang
 sama ditugaskan di Sales Department, Tokyo Regional Office. Selanjutnya, beliau
 menempati berbagai posisi penting antara lain sebagai Manager Sales Planning
 Department HCM Jepang (2017), Director Hitachi Construction Machinery Asia and
 Pacific Pte Ltd (2019), Managing Director Hitachi Construction Machinery (Malaysia)
 Sdn. Bhd. (2020), serta General Manager Sales & Marketing II Department, HCM
 Jepang (2024).
 Before joining the Company, he began his career with Hitachi Construction Machinery Co.,
 Ltd. (HCM), Japan, in April 1996. In September of the same year, he was assigned to the
 Sales Department at the Tokyo Regional Office. Throughout his career, he has held various
 key positions, including Manager of the Sales Planning Department at HCM Japan (2017),
 Director of Hitachi Construction Machinery Asia and Pacific Pte. Ltd. (2019), and Managing
 Director of Hitachi Construction Machinery (Malaysia) Sdn. Bhd. (2020), and General
 Manager of Sales & Marketing II Department at HCM Japan (2024).
 Rangkap Jabatan | Concurrent Positions
 Saat ini, beliau tidak memiliki rangkap jabatan pada perusahaan lain.
 He currently holds no concurrent positions at other companies.
 Hubungan Afiliasi | Affiliation Relationship
 Memiliki hubungan afiliasi dengan Pemegang Saham Pengendali Perseroan, namun
 tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris maupun Direksi.
 Has an affiliated relationship with the Company's Controlling Shareholder but has no
 affiliated relationship with any member of the Board of Commissioners or the Board of
 Directors.




PT Hexindo Adiperkasa Tbk                                                      68                                        Laporan Tahunan & Laporan Keberlanjutan 2025

Page 69
                                                                                                                  03




JUNJI
FUKAGAWA*
Direktur Nonresiden
Non-Resident Director


 Usia | Age
 44 Tahun
 44 Years Old
 Kewarganegaraan | Citizenship
 Warga Negara Jepang
 Japanese Citizen
 Domisili | Domicille
 Jepang
 Japan
 Dasar Pengangkatan | Basis of Appointment
 Diangkat sebagai Direktur Perseroan untuk periode pertama berdasarkan keputusan
 RUPSLB tanggal 19 Mei 2026 dengan masa jabatan hingga penutupan RUPST 2026.
 Appointed as Director of the Company for the first term based on the resolution of the
 Extraordinary General Meeting of Shareholders (EGMS) dated 19 May 2026, with a term of
 office until the 2026 AGMS.
 Riwayat Pendidikan | Education Background
 Meiji University (2005)
 Meiji University (2005)
 Riwayat Pekerjaan | Career History
 Sebelum bergabung dengan Perseroan, beliau memulai kariernya di Hitachi
 Construction Machinery Co., Ltd. pada tahun 2005. Dalam perjalanan kariernya,
 beliau telah menduduki berbagai posisi strategis, antara lain sebagai Sales Manager,
 Kanto Central Branch Tokyo Integrated Sales Office (2010); Office Manager, Tokyo West
 Office, Hitachi Construction Machinery Japan Co., Ltd. (2015); Assistant Manager,
 Sales Planning Department, Hitachi Construction Machinery Japan Co., Ltd. (2019);
 Manager, Global Marketing Division, Hitachi Construction Machinery Co., Ltd.
 (2022); Director and President of Marketing, Hitachi Construction Machinery Asia and
 Pacific Pte. Ltd. (2023); serta Managing Director, Hitachi Construction Machinery Asia
 and Pacific Pte. Ltd. (2026–sekarang).
 Prior to joining the Company, he began his career at Hitachi Construction Machinery Co.,
 Ltd. in 2005. Throughout his professional journey, he has held various strategic positions,
 including Sales Manager, Kanto Central Branch Tokyo Integrated Sales Office (2010); Office
 Manager, Tokyo West Office, Hitachi Construction Machinery Japan Co., Ltd. (2015);
 Assistant Manager, Sales Planning Department, Hitachi Construction Machinery Japan Co.,
 Ltd. (2019); Manager, Global Marketing Division, Hitachi Construction Machinery Co., Ltd.
 (2022); Director and President of Marketing, Hitachi Construction Machinery Asia and
 Pacific Pte. Ltd. (2023); and Managing Director, Hitachi Construction Machinery Asia and
 Pacific Pte. Ltd. (2026–present).
 Rangkap Jabatan | Concurrent Positions
 Saat ini, beliau memiliki rangkap jabatan pada perusahaan lain.
 He currently holds concurrent positions in other companies.
 Hubungan Afiliasi | Affiliation Relationship
 Memiliki hubungan afiliasi dengan Pemegang Saham Pengendali Perseroan, namun
 tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris maupun Direksi.
 Has an affiliated relationship with the Company's Controlling Shareholder but has no
 affiliated relationship with any member of the Board of Commissioners or the Board of
 Directors.
*Menjabat sebagai Direktur Perseroan sejak 19 Mei 2026.
*Has served as Director of the Company since 19 May 2026.




2025 Annual Report & Sustainability Report                                      69             PT Hexindo Adiperkasa Tbk

Page 70
 Ikhtisar 2025 | 2025 Highlights                                                    Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                              Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




YASUMASA
ZAIZEN*
Direktur
Director


 Usia | Age
 56 Tahun
 56 Years Old
 Kewarganegaraan | Citizenship
 Warga Negara Jepang
 Japanese citizen
 Domisili | Domicille
 Jakarta (Sementara / Temporary)
 Dasar Pengangkatan | Basis of Appointment
 Diangkat sebagai Direktur Perseroan untuk periode pertama berdasarkan keputusan
 RUPSLB tanggal 31 Mei 2021 dan diangkat kembali untuk jabatan yang sama pada
 RUPST tanggal 16 September 2025 dengan masa jabatan hingga penutupan RUPST 1
 (satu) tahun berikutnya.
 First appointed as a Director of the Company based on the resolution of the Extraordinary
 General Meeting of Shareholders (EGMS) held on May 31, 2021, and was reappointed to the
 same position at the Annual General Meeting of Shareholders (AGMS) on September 16,
 2025, with a term of office until the closing of the next AGMS.
 Riwayat Pendidikan | Education Background
 Kindai University (1994).
 Kindai University in 1994.
 Riwayat Pekerjaan | Career History
 Sebelum bergabung dengan Perseroan, beliau memiliki pengalaman lebih dari 28
 tahun di Hitachi Construction Machinery Co., Ltd. (HCM) Jepang dan pernah
 menjabat sebagai General Manager Mining Sales and Service Division.
 Before joining the Company, he had more than 28 years of experience with Hitachi
 Construction Machinery Co., Ltd. (HCM), Japan, where he previously served as General
 Manager of the Mining Sales and Service Division.
 Rangkap Jabatan | Concurrent Positions
 Saat ini, beliau memiliki rangkap jabatan pada perusahaan lain.
 He currently holds concurrent positions in other companies.
 Hubungan Afiliasi | Affiliation Relationship
 Memiliki hubungan afiliasi dengan Pemegang Saham Pengendali Perseroan, namun
 tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris maupun Direksi.
 Has an affiliated relationship with the Company's Controlling Shareholder but has no
 affiliated relationship with any member of the Board of Commissioners or the Board of
 Directors.

*Tidak lagi menjabat sebagai Direktur Perseroan terhitung sejak 19 Mei 2026.
*No longer served as the Company’s Director effective as of May 19, 2025.




PT Hexindo Adiperkasa Tbk                                                      70                                        Laporan Tahunan & Laporan Keberlanjutan 2025

Page 71
                                                                                                                  03




AKIHIRO
YOSHIDA*
Direktur Nonresiden
Non-Resident Director


 Usia | Age
 50 Tahun
 50 Years Old
 Kewarganegaraan | Citizenship
 Warga Negara Jepang
 Japanese citizen
 Domisili | Domicille
 Jepang
 Japan
 Dasar Pengangkatan | Basis of Appointment
 Diangkat sebagai Direktur Perseroan untuk periode pertama berdasarkan keputusan
 RUPSLB tanggal 19 Juli 2024 dan diangkat kembali untuk jabatan yang sama pada
 RUPST tanggal 16 September 2025 dengan masa jabatan hingga penutupan RUPST 1
 (satu) tahun berikutnya.
 First appointed as a Director of the Company based on the resolution of the Extraordinary
 General Meeting of Shareholders (EGMS) held on July 19, 2024, and was reappointed to the
 same position at the Annual General Meeting of Shareholders (AGMS) held on September
 16, 2025, with a term of office until the closing of the next AGMS.
 Riwayat Pendidikan | Education Background
 Toyo University of Mechanical Engineering (1998).
 Mechanical Engineering from Toyo University in 1998.
 Riwayat Pekerjaan | Career History
 Sebelum bergabung dengan Perseroan, beliau memulai karir di Hitachi Construction
 Machinery Co., Ltd. Jepang pada April 1998 dan pernah menduduki berbagai posisi
 strategis antara lain sebagai Product Support Department - Kansai Regional Office
 (1999); Assistant Manager Dealer Support Department (2010); Senior Manager (2013)
 dan Director (2017) di Hitachi Construction Machinery (Malaysia) Sdn. Bhd; Manager
 Marketing Division (2019) dan General Manager CS Planning (2021) di Hitachi
 Construction Machinery Co., Ltd.); serta Managing Director di Hitachi Construction
 Machinery Asia and Pacific Pte. Ltd. (2024).
 Before joining the Company, he began his career with Hitachi Construction Machinery
 Co., Ltd. (HCM), Japan, in April 1998. Throughout his career, he has held various strategic
 positions, including Product Support Department, Kansai Regional Office (1999); Assistant
 Manager, Dealer Support Department (2010); Senior Manager (2013) and Director (2017) at
 Hitachi Construction Machinery (Malaysia) Sdn. Bhd.; Manager, Marketing Division (2019)
 and General Manager, CS Planning (2021) at Hitachi Construction Machinery Co., Ltd.; and
 Managing Director of Hitachi Construction Machinery Asia and Pacific Pte. Ltd. (2024).
 Rangkap Jabatan | Concurrent Positions
 Saat ini, beliau memiliki rangkap jabatan pada perusahaan lain.
 He currently holds concurrent positions in other companies.
 Hubungan Afiliasi | Affiliation Relationship
 Memiliki hubungan afiliasi dengan Pemegang Saham Pengendali Perseroan, namun
 tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris maupun Direksi.
 Has an affiliated relationship with the Company's Controlling Shareholder but has no
 affiliated relationship with any member of the Board of Commissioners or the Board of
 Directors.

*Tidak lagi menjabat sebagai Direktur Perseroan terhitung sejak 19 Mei 2026.
*No longer served as the Company’s Director effective as of May 19, 2025.




2025 Annual Report & Sustainability Report                                      71             PT Hexindo Adiperkasa Tbk

Page 72
 Ikhtisar 2025 | 2025 Highlights                                                                   Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                             Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                               Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




IR. DJONGGI
TP. GULTOM*
Presiden Direktur
President Director


 Usia | Age
 64 Tahun
 64 Years Old
 Kewarganegaraan | Citizenship
 Warga Negara Indonesia
 Indonesian citizen
 Domisili | Domicille
 Jakarta
 Dasar Pengangkatan | Basis of Appointment
 Diangkat sebagai Presiden Direktur Perseroan untuk periode pertama berdasarkan
 keputusan RUPST tanggal 27 September 2019 dan diangkat kembali untuk jabatan
 yang sama pada RUPST tanggal 24 September 2024 dengan masa jabatan hingga
 penutupan RUPST 1 (satu) tahun berikutnya.
 He was appointed as the President Director of the Company for his first term pursuant to the
 resolution of the AGMS dated September 27, 2019, and was reappointed to the same position
 at the AGMS on September 24, 2024, with a term of office ending at the close of the next
 AGMS held 1 (one) year thereafter.
 Riwayat Pendidikan | Education Background
 Sarjana Teknik Mesin dari Universitas Indonesia (1987)
 Bachelor’s degree in Mechanical Engineering from the University of Indonesia (1987)
 Riwayat Pekerjaan | Career History
 Sebelum bergabung dengan Perseroan pada tahun 1994, beliau pernah menjabat
 sebagai Branch Manager di Makassar, Balikpapan, dan Surabaya. Selanjutnya, beliau
 dipercaya mengemban peran sebagai General Manager Regional I Sumatera (2005-
 2009), General Manager National Sales and Marketing (2009-2011), serta Direktur
 Perseroan (2011-2019).
 Prior to joining the Company in 1994, he served as Branch Manager in Makassar, Balikpapan,
 and Surabaya. He later held several key positions including General Manager of Regional I
 Sumatra (2005-2009), General Manager of National Sales and Marketing (2009-2011), and
 Director of the Company (2011-2019).
 Rangkap Jabatan | Concurrent Positions
 Saat ini, beliau tidak memiliki rangkap jabatan pada perusahaan lain.
 He currently holds no concurrent positions at other companies.
 Hubungan Afiliasi | Affiliation Relationship
 Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, Direksi, maupun
 Pemegang Saham Pengendali Perseroan.
 Has no affiliated relationship with any member of the Board of Commissioners, the Board of
 Directors, or the Company's Controlling Shareholder.
*Tidak lagi menjabat sebagai Presiden Direktur Perseroan terhitung sejak 16 September 2025.
*No longer served as the Company’s President Director effective as of September 16, 2025.




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2025 Annual Report & Sustainability Report   73   PT Hexindo Adiperkasa Tbk

Page 74
 Ikhtisar 2025 | 2025 Highlights                                                     Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                               Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                 Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Profil Dewan Komisaris                                                [2-9]

Board of Directors’ Profile




Drs. TOTO
WAHYUDIYANTO
Presiden Komisaris (Komisaris Independen)
President Commissioner (Independent Commissioner)


 Usia | Age
 76 Tahun
 76 Years Old
 Kewarganegaraan | Citizenship
 Warga Negara Indonesia
 Indonesian citizen
 Domisili | Domicille
 Jakarta
 Dasar Pengangkatan | Basis of Appointment
 Diangkat sebagai Presiden Komisaris (Komisaris Independen) Perseroan untuk
 periode pertama berdasarkan keputusan RUPST tanggal 18 September 2020 dan
 diangkat kembali untuk jabatan yang sama pada RUPST tanggal 26 September 2023
 dengan masa jabatan hingga penutupan RUPST 3 (satu) tahun berikutnya.
 He was first appointed as the President Commissioner (Independent Commissioner) of
 the Company pursuant to the resolution of the AGMS on September 18, 2020, and was
 reappointed to the same position at the AGMS on September 26, 2023, with a term of office
 ending at the close of the next AGMS held 3 (three) years thereafter.
 Riwayat Pendidikan | Education Background
 Master of Business Administration, Washington International University, Amerika
 Serikat.
 Master of Business Administration degree from Washington International University, United
 States.
 Riwayat Pekerjaan | Career History
 Sebelum bergabung dengan Perseroan, beliau memulai kariernya di PT Star Motor Indonesia
 pada tahun 1973 sebagai Chief Accountant. Selanjutnya, beliau bergabung dengan PT Teijin
 Indonesia Fiber Corporation Tbk (TIFICO) sebagai Finance & Legal Manager (1974–1982) dan
 melanjutkan karier di PT Tira Austenite dengan menduduki berbagai posisi strategis, mulai
 dari Finance Manager, General Manager, Direktur, hingga Presiden Direktur (1982–2008).
 Beliau juga dipercaya menjabat sebagai Presiden Direktur dan Presiden Komisaris di berbagai
 perusahaan, antara lain PT Alpha Austenite, PT Multi Guna Gas, PT Aneka Gas Industri, PT
 Maxima Performa Indonesia, dan PT Tata Wahana Sejahtera (TWS). Di bidang organisasi,
 beliau aktif di Asosiasi Emiten Indonesia (AEI) sebagai Chairman for Community Development
 (2005–2008) dan Vice Secretary General (2008–2020). Beliau bergabung dengan Perseroan
 sebagai Komisaris (2010–2020) dan Ketua Komite Audit (2014–2020). Sejak 2020, beliau
 menjabat sebagai Presiden Komisaris PT Hexindo Adiperkasa Tbk hingga saat ini.
 Prior to joining the Company, he began his career at PT Star Motor Indonesia in 1973 as
 Chief Accountant. He subsequently joined PT Teijin Indonesia Fiber Corporation Tbk
 (TIFICO) as Finance & Legal Manager (1974–1982) and later held various strategic positions
 at PT Tira Austenite, progressing from Finance Manager and General Manager to Director
 and ultimately President Director (1982–2008). He also held positions as President Director
 and President Commissioner at several companies, including PT Alpha Austenite, PT Multi
 Guna Gas, PT Aneka Gas Industri, PT Maxima Performa Indonesia, and PT Tata Wahana
 Sejahtera (TWS). He was also active in the Indonesian Listed Companies Association
 (AEI), serving as Chairman for Community Development (2005–2008) and Vice Secretary
 General (2008–2020). He joined the Company as Commissioner (2010–2020) and served
 as Chairman of the Audit Committee (2014–2020). Since 2020, he has served as President
 Commissioner of PT Hexindo Adiperkasa Tbk.
 Rangkap Jabatan | Concurrent Positions
 Saat ini, beliau tidak memiliki rangkap jabatan pada perusahaan lain.
 He currently holds no concurrent positions at other companies.
 Hubungan Afiliasi | Affiliation Relationship
 Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, Direksi, maupun
 Pemegang Saham Pengendali Perseroan.
 Has no affiliated relationship with any member of the Board of Commissioners, the Board of
 Directors, or the Company's Controlling Shareholder.

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                                                                                                                  03




HARRY
DANUI
Komisaris Independen
Independent Commissioner


 Usia | Age
 65 Tahun
 65 Years Old
 Kewarganegaraan | Citizenship
 Warga Negara Indonesia
 Indonesian citizen
 Domisili | Domicille
 Jakarta
 Dasar Pengangkatan | Basis of Appointment
 Diangkat sebagai Komisaris Perseroan untuk periode pertama berdasarkan keputusan
 RUPST tanggal 18 September 2020 dan diangkat kembali untuk jabatan yang sama
 pada RUPST tanggal 26 September 2023 dengan masa jabatan hingga penutupan
 RUPST 3 (satu) tahun berikutnya.
 He was first appointed as a Commissioner of the Company pursuant to the resolution of the
 AGMS held on September 18, 2020, and was reappointed to the same position at the AGMS
 on September 26, 2023, with a term of office ending at the close of the next AGMS held 3
 (three) years thereafter.
 Riwayat Pendidikan | Education Background
 Bachelor of Business Administration, Simon Fraser University, Kanada
 Bachelor of Business Administration degree from Simon Fraser University, Canada.
 Riwayat Pekerjaan | Career History
 Sebelum bergabung dengan Perseroan, beliau memulai kariernya sebagai Manajer Keuangan
 Supitron Pramesti Group (1984–1990) dan PT Sun Hung Kai Securities Indonesia (1990–
 1993). Selanjutnya, beliau berkarier di PT Sigma Batara hingga menjabat sebagai Operations
 Director (1994–2000), kemudian melanjutkan karier sebagai Operations Director PT Standard
 Chartered Indonesia (1997), Operations Director PT DBS Vickers Securities Indonesia (2001–
 2002), Direktur Keuangan PT Gunung Agung Tbk (2002–2003), Direktur PT Efata Papua
 Airlines (2004–2007), Manajer Emirates Airlines (2009–2011), Operations Director PT RHB
 OSK Securities Indonesia (2011–2013), serta Direktur Keuangan dan Komisaris Independen
 PT Mahaka Media Tbk (2013–2022). Beliau juga menjabat sebagai Komisaris Independen
 (2016–2018) dan Wakil Direktur Utama (2018–2019) PT Paramita Bangun Sarana Tbk,
 Direktur PT Moladin Finance Indonesia (dahulu PT Procar Finance Indonesia) (2020–2023),
 serta Komisaris Independen PT Jaya Trishindo Tbk (2021–2023). Beliau menjabat sebagai
 Komisaris Independen Perseroan sejak 2003 dan, sejak 2024, juga sebagai Komisaris Utama
 PT Supra Sekuritas Indonesia dan PT BPR Hagati Wiradana Sejahtera.
 Prior to joining the Company, he began his career as Finance Manager of Supitron Pramesti
 Group (1984–1990) and PT Sun Hung Kai Securities Indonesia (1990–1993). He subsequently
 held various positions at PT Sigma Batara, ultimately serving as Operations Director (1994–
 2000), before serving as Operations Director of PT Standard Chartered Indonesia (1997),
 Operations Director of PT DBS Vickers Securities Indonesia (2001–2002), Finance Director
 of PT Gunung Agung Tbk (2002–2003), Director of PT Efata Papua Airlines (2004–2007),
 Manager at Emirates Airlines (2009–2011), Operations Director of PT RHB OSK Securities
 Indonesia (2011–2013), and Finance Director and Independent Commissioner of PT
 Mahaka Media Tbk (2013–2022). He also served as Independent Commissioner (2016–
 2018) and Vice President Director (2018–2019) of PT Paramita Bangun Sarana Tbk, Director
 of PT Moladin Finance Indonesia (formerly PT Procar Finance Indonesia) (2020–2023),
 and Independent Commissioner of PT Jaya Trishindo Tbk (2021–2023). He has served
 as Independent Commissioner of the Company since 2003 and, since 2024, as President
 Commissioner of PT Supra Sekuritas Indonesia and PT BPR Hagati Wiradana Sejahtera.
 Rangkap Jabatan | Concurrent Positions
 Saat ini, beliau tidak memiliki rangkap jabatan pada perusahaan lain.
 He currently holds no concurrent positions at other companies.
 Hubungan Afiliasi | Affiliation Relationship
 Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, Direksi, maupun
 Pemegang Saham Pengendali Perseroan.
 Has no affiliated relationship with any member of the Board of Commissioners, the Board of
 Directors, or the Company's Controlling Shareholder.

2025 Annual Report & Sustainability Report                                      75             PT Hexindo Adiperkasa Tbk

Page 76
 Ikhtisar 2025 | 2025 Highlights                                                       Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                 Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                   Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Informasi Tentang Saham dan Pemegang Saham
Information on Shareholders and Shareholders



KRONOLOGI PENERBITAN DAN/ATAU                                                          CHRONOLOGY OF SHARE ISSUANCE AND/OR
PENCATATAN SAHAM                                                                       LISTING
Pada 13 Februari 1995, Perseroan mencatatkan sahamnya di                               On February 13, 1995, the Company listed its shares on the
Bursa Efek Indonesia (sebelumnya Bursa Efek Jakarta dan                                Indonesia Stock Exchange (previously the Jakarta Stock
Bursa Efek Surabaya) dengan kode saham HEXA, sebanyak 10                               Exchange and Surabaya Stock Exchange) under the stock
juta lembar saham dengan nilai nominal Rp1.000 per saham                               code HEXA, consisting of 10 million shares with a par value
dan harga penawaran sebesar Rp2.800 per saham. Selanjutnya,                            of Rp1,000 per share and an offering price of Rp2,800 per
Perseroan melakukan Penawaran Umum Terbatas I sebanyak                                 share. Subsequently, the Company conducted a Limited Public
42 juta lembar saham pada tahun 1998.                                                  Offering I of 42 million shares in 1998.


Dalam perjalanannya, Perseroan beberapa kali melakukan                                 Throughout its history, the Company has undertaken several
aksi korporasi yang membuat jumlah saham Perseroan yang                                corporate actions that resulted in changes to the number of
diperdagangkan di bursa mengalami perubahan. Hingga akhir                              shares traded on the stock exchange. As of the end of fiscal year
tahun buku 2025, Perseroan hanya mencatatkan sahamnya di                               2025, the Company only had its shares listed on the Indonesia
Bursa Efek Indonesia dan tidak menerbitkan efek lain seperti                           Stock Exchange and did not issue any other securities such as
obligasi, sukuk, atau obligasi konversi di bursa manapun.                              bonds, sukuk, or convertible bonds on any stock exchange. The
Berikut adalah rincian penerbitan dan/atau pencatatan saham                            following are the details of the Company's share issuance and/
Perseroan dari awal hingga akhir tahun buku 2025:                                      or listing from its inception through the end of fiscal year 2025:


Kronologi Penerbitan dan/atau Pencatatan Saham
Chronology of Issuance and/or Listing of Shares
                                                                                                           Jumlah Saham (Lembar)
                                                                                                            Number of Shares (Share)                    Harga
  Tahun Buku                         Aksi Korporasi                        Nilai Nominal (Rp)
    Fiscal Year                      Corporate Action                       Nominal Value (Rp)
                                                                                                                                                    Penawaran (Rp)
                                                                                                           Sebelum                Sesudah            Offer Price (Rp)
                                                                                                              Before                   After
                        Penawaran Umum Perdana Saham (IPO)
        1994                                                                            1.000                 10.000.000               42.000.000            1.000
                        Initial Public Offering (IPO)
                        Penawaran Umum Terbatas (PUT)
        1998                                                                            1.000                 42.000.000               84.000.000            1.000
                        Limited Public Offering (LPO)
                        Pemecahan Saham (1:2)
        2000                                                                            1.000                 84.000.000           168.000.000                 500
                        Stock Split (1:2)
                        Pemecahan Saham (1:5)
        2004                                                                              500                168.000.000           840.000.000                 100
                        Stock Split (1:5)


Adapun rincian kepemilikan saham Perseroan diuraikan pada                              The details of the Company's share ownership are presented in
tabeltabel berikut:                                                                    the following tables:
Komposisi Pemegang Saham Perseroan
Composition of the Shareholders of the Company
                                                                                 1 April 2025                                            31 Maret 2025
                   Pemegang Saham                                                 April 1, 2025                                           Maret 31, 2025
                        Shareholders                              Jumlah Saham (Lembar)                                 Jumlah Saham (Lembar)
                                                                                                            %                                                   %
                                                                      Number of Shares (Shares)                          Number of Shares (Shares)
 Kepemilikan Saham 5% atau Lebih
 Share Ownership of 5% or More
 Hitachi Construction Machinery Co., Ltd., Japan                                 408.180.000                48,59                         408.180.000          48,59
 Itochu Corporation, Japan                                                       210.400.000                25,05                         210.400.000          25,05
 Hitachi Construction Machinery Asia and Pacific Pte.
                                                                                   42.620.000                5,07                          42.620.000           5,07
 Ltd., Singapore



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                                                                                                                                                                     03

                                                                                         1 April 2025                                     31 Maret 2025
                    Pemegang Saham                                                        April 1, 2025                                    Maret 31, 2025
                         Shareholders                                 Jumlah Saham (Lembar)                                   Jumlah Saham (Lembar)
                                                                                                                 %                                                %
                                                                       Number of Shares (Shares)                                Number of Shares (Shares)
 Kepemilikan Saham Kurang dari 5%
 Ownership of Share Less Than 5%
 Masyarakat*
                                                                                         178.800.000            21,29                      178.800.000           21,29
 Public*
 Total                                                                                   840.000.000          100,00                       840.000.000         100,00
 *) Masing-masing dengan kepemilikan di bawah 5% | Each with ownership of less than 5%



20 Pemegang Saham Terbesar (31 Maret 2026)
Top 20 Shareholders (March 31, 2026)

                                                                                                                                                            Persentase
                                      Nama Pemegang Saham                                                                            Jumlah Saham
  No.                                                                                                          Status                                       Percentage
                                          Name of Shareholders                                                                         Total Shares
                                                                                                                                                               (%)
                                                                                                           Institusi Asing
    1     Hitachi Construction Machinery Co., Ltd                                                                                         408.180.000           48,59
                                                                                                          Foreign Institution
                                                                                                           Institusi Asing
    2     ITOCHU Corporation                                                                                                              210.400.000           25,05
                                                                                                          Foreign Institution
                                                                                                           Institusi Asing
    3     Hitachi Construction Machinery Asia and Pasific Pte. Ltd.                                                                        42.620.000            5,07
                                                                                                          Foreign Institution
          JPMSE Lux RE UCITS CLT RE-Franklin Templeton Investment Funds ,                                  Institusi Asing
    4                                                                                                                                      20.508.400            2,44
          SICAV                                                                                           Foreign Institution
                                                                                                           Institusi Asing
    5     DBS Vickers Secs (Singapore) Pte. Ltd. (A/C Clients)                                                                             16.497.700            1,96
                                                                                                          Foreign Institution
                                                                                                           Individu Lokal
    6     Drs. Rustam Effendi                                                                                                               6.000.000            0,71
                                                                                                           Local Individual
                                                                                                           Individu Lokal
    7     Hj. Yuslizarti                                                                                                                    5.588.000            0,67
                                                                                                           Local Individual
                                                                                                           Individu Lokal
    8     Lim Ik Nen                                                                                                                        4.568.900            0,54
                                                                                                           Local Individual
                                                                                                           Institusi Asing
    9     Phillip Securities Pte. Ltd.                                                                                                      2.938.600            0,35
                                                                                                          Foreign Institution
                                                                                                           Individu Lokal
   10     Husni Effendy                                                                                                                     2.680.000            0,32
                                                                                                           Local Individual
                                                                                                           Institusi Asing
   11     Citibank New York S/A National Financial Services LLC                                                                             2.250.000            0,27
                                                                                                          Foreign Institution
                                                                                                           Individu Lokal
   12     H. Iryadi Arifin                                                                                                                  2.145.000            0,26
                                                                                                           Local Individual
                                                                                                           Institusi Asing
   13     OCBC Securities Pte. Ltd. (Client A/C)                                                                                            2.038.600            0,24
                                                                                                          Foreign Institution
                                                                                                           Institusi Asing
   14     Socgen S/A Nanjia Capital ICAV                                                                                                    2.004.340            0,24
                                                                                                          Foreign Institution
                                                                                                           Institusi Asing
   15     Citibank New York S/A Rainbow Fund LP                                                                                             1.725.800            0,21
                                                                                                          Foreign Institution
          Citibank New York S/A Emerging Markets Core Equity 2 Portfolio of DFA                            Institusi Asing
   16                                                                                                                                       1.676.656            0,20
          Investment Dimensions Group Inc.                                                                Foreign Institution
                                                                                                           Institusi Asing
   17     UOB Kay Hian Pte. Ltd.                                                                                                            1.610.300            0,19
                                                                                                          Foreign Institution
                                                                                                           Individu Lokal
   18     Indra Hutauruk                                                                                                                    1.578.500            0,19
                                                                                                           Local Individual
                                                                                                           Institusi Asing
   19     UBS Switzerland AG (Client Assets -2049584001)                                                                                    1.435.800            0,17
                                                                                                          Foreign Institution
                                                                                                           Individu Lokal
   20     Robertus Lay F Jin Se,. Ak                                                                                                        1.176.000            0,14
                                                                                                           Local Individual




2025 Annual Report & Sustainability Report                                               77                                                      PT Hexindo Adiperkasa Tbk

Page 78
 Ikhtisar 2025 | 2025 Highlights                                                     Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                               Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                 Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Persentase Kepemilikan Saham Dewan Komisaris dan Direksi
Percentage of Share Ownership by the Board of Commissioners and Directors
                                                                          Kepemilikan Langsung                            Kepemilikan Tidak Langsung
                      Nama dan Jabatan                                          Direct Ownership                                         Indirect Ownership
                       Name and Position                              1 April 2025          31 Maret 2026                1 April 2025               31 Maret 2026
                                                                       April 1, 2025           March 31, 2026             April 1, 2025             March 31, 2026
 Dewan Komisaris
 Board of Commissioner
 Toto Wahyudiyanto
 Presiden Komisaris (Komisaris Independen)                                  0                         0                              0                        0
 President Commissioner (Independent Commissioner)
 Harry Danui
 Komisaris Independen                                                       0                         0                              0                        0
 Independent Commissioner
 Direksi
 Board of Directors
 Dwi Swasono
 Presiden Direktur                                                          0                         0                              0                        0
 President Director
 Yasumasa Zaizen
 Direktur                                                                   0                         0                              0                        0
 Director
 Nobuyasu Hagiwara
 Direktur                                                                   0                         0                              0                        0
 Director
 Teru Karahashi
 Direktur                                                                   0                         0                              0                        0
 Director
 Yoshendri
 Direktur                                                                   0                         0                              0                        0
 Director
 Hiroki Majima
 Direktur                                                                   0                         0                              0                        0
 Director
 Ryoji Tanaka
 Direktur                                                                   0                         0                              0                        0
 Director
 Akihiro Yoshida
 Direktur                                                                   0                         0                              0                        0
 Director



Kepemilikan Saham Berdasarkan Klasifikasi Domisili (31 Maret 2026)
Share Ownership by Domicile Classification (March 31, 2026)
               Pemegang Saham                                Jumlah Pemegang Saham                         Jumlah Saham (lembar)                                  %
                  Shareholders                                  Number of Shareholders                      Number of Shares (shares)
 Pemodal Domestik
 Domestic Investors
 Perorangan
                                                                                     16.590                                     113.370.785                   13,497
 Individuals
 Perseroan Terbatas
                                                                                         23                                              425.113               0,051
 Limited Liability Companies
 Reksadana
                                                                                           1                                              60.000               0,007
 Mutual Fund
 Asuransi
                                                                                           1                                             101.000               0,012
 Insurance
 Yayasan
                                                                                           2                                               4.300               0,001
 Foundations
 Koperasi
                                                                                           2                                             800.000               0,095
 Cooperatives
 Subtotal Pemodal Domestik
                                                                                     16.619                                    114.761.198                13,662
 Subtotal of Domestic Investors




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               Pemegang Saham                            Jumlah Pemegang Saham               Jumlah Saham (lembar)                      %
                     Shareholders                         Number of Shareholders              Number of Shares (shares)
 Pemodal Asing
 Foreign Investors
 Perorangan
                                                                                   64                           740.900                0,088
 Individuals
 Badan Usaha
                                                                                   69                       724.497.902               86,250
 Business Entities
 Sub Jumlah Investor Asing
                                                                               133                          725.238.802              86,338
 Sub Total Foreign Investor
 Total                                                                       16.752                         840.000.000             100,000


PROGRAM KEPEMILIKAN SAHAM OLEH                                               EMPLOYEE AND/OR MANAGEMENT STOCK
KARYAWAN DAN/ATAU MANAJEMEN                                                  OWNERSHIP PROGRAM
Hingga akhir tahun buku 2025, Perseroan tidak memiliki                       As of the end of fiscal year 2025, the Company did not have
program kepemilikan saham oleh karyawan dan/atau                             an Employee Stock Ownership Program and/or Management
manajemen (ESOP/ MSOP).                                                      Stock Ownership Program (ESOP/MSOP).


KEPEMILIKAN SAHAM DIREKSI DAN DEWAN                                          SHARE OWNERSHIP OF THE BOARD OF
KOMISARIS                                                                    DIRECTORS AND BOARD OF COMMISSIONERS
Sepanjang tahun buku 2025, seluruh anggota Direksi dan                       Throughout fiscal year 2025, none of the members of the Board
Dewan Komisaris Perseroan tidak memiliki saham Perseroan,                    of Directors and Board of Commissioners held shares in the
baik secara langsung maupun tidak langsung.                                  Company, either directly or indirectly.


Kebijakan            Pengungkapan            Informasi      Perubahan        Policy on Disclosure of Changes in Share Ownership
Kepemilikan Saham                                                            Information
Berdasarkan POJK No. 11/2017, anggota Dewan Komisaris                        Pursuant to POJK No. 11/2017, members of the Board of
dan Direksi wajib melaporkan kepada Sekretaris Perusahaan                    Commissioners and Board of Directors are required to report
mengenai kepemilikan saham mereka di Perseroan, termasuk                     their share ownership in the Company, including any changes
setiap perubahan (penambahan atau pengurangan) atas                          (increase or decrease) in such ownership, to the Corporate
kepemilikan tersebut. Laporan tersebut disampaikan paling                    Secretary. The report must be submitted no later than 3
lambat 3 (tiga) hari kerja setelah terjadinya perubahan, untuk               (three) working days after the change occurs and subsequently
kemudian diteruskan kepada Otoritas Jasa Keuangan (OJK)                      reported to the Financial Services Authority (OJK) and the
dan Bursa Efek Indonesia (BEI).                                              Indonesia Stock Exchange (IDX).


Pelaksanaan            Pengungkapan          Informasi      Perubahan        Implementation of Disclosure of Changes in Share
Kepemilikan Saham Tahun Buku 2025                                            Ownership Information in Fiscal Year 2025
Sepanjang tahun buku 2025, tidak terdapat pembelian dan/                     Throughout fiscal year 2025, there were no purchases and/
atau penjualan saham yang dilakukan oleh anggota Dewan                       or sales of the Company's shares by members of the Board of
Komisaris dan Direksi Perseroan.                                             Commissioners and Board of Directors.


PEMEGANG SAHAM UTAMA DAN PENGENDALI                                          MAJOR AND CONTROLLING SHAREHOLDERS
Pada akhir tahun buku 2025, pemegang saham utama dan                         As of the end of fiscal year 2025, the Company's major and
pengendali Perseroan adalah Hitachi Construction Machinery                   controlling shareholders were Hitachi Construction Machinery
Co., Ltd. Jepang dan ITOCHU Corporation.                                     Co., Ltd., Japan and ITOCHU Corporation.




2025 Annual Report & Sustainability Report                              79                                                PT Hexindo Adiperkasa Tbk

Page 80
 Ikhtisar 2025 | 2025 Highlights                                                      Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                  Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Struktur Grup Perusahaan
Company Group Structure


                                                                                                                      Hitachi Construction
                  ITOCHU Corporation
                                                                                                                     Machinery Co., Ltd., Japan

                                                         25,05%                                        48,59%




       37,50%                                                                                                                                         15,00%


                                                          PT HEXINDO ADIPERKASA TBK

                                                                                      15,00%

                             PT Itochu Indonesia                                                           Tokyo Century Corporation


                                               12,50%                                                              20,00%




                                                                    PT Hexa Finance Indonesia



ENTITAS ANAK, PERUSAHAAN ASOSIASI, DAN                                                SUBSIDIARIES, ASSOCIATED COMPANIES, AND
VENTURA BERSAMA                                                                       JOINT VENTURES
Hingga akhir tahun buku 2025, Perseroan hanya memiliki                                As of the end of fiscal year 2025, the Company had only 1 (one)
1 (satu) entitas asosiasi, yaitu PT Hexa Finance Indonesia.                           associated company, namely PT Hexa Finance Indonesia. In
Selain itu, Perseroan tidak memiliki entitas anak maupun                              addition, the Company did not have any subsidiaries or joint
ventura bersama. Adapun informasi mengenai entitas asosiasi                           ventures. The information regarding the Company's associated
Perseroan adalah sebagai berikut:                                                     company is as follows:


                                                                    PT Hexa Finance Indonesia
                                                                           (Hexa Finance)
 Alamat                                            Trinity Tower, lantai 15, suites 01, 02, 03, dan 05,
 Address                                           Jl. H.R. Rasuna Said No. 6, Karet Kuningan, Setiabudi, Jakarta Selatan 12940.
 Bidang Usaha                                      Pembiayaan Unit Alat Berat
 Line of Business                                  Heavy Equipment Unit Financing
 Kepemilikan Saham
                                                   15%
 Share Ownership
 Jumlah Aset (Rp ribu)
                                                   4,616,267,451*
 Total Assets (Rp thousand)
                                                   Beroperasi
 Status
                                                   Operating
 *Per 31 Desember 2025 | As of December 31, 2025




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                                                                                                                                          03

PT Hexa Finance Indonesia didirikan pada 1 September 2008               PT Hexa Finance Indonesia was established on September 1,
berdasarkan Akta No. 6 yang dibuat di hadapan Notaris Robert            2008 based on Deed No. 6 drawn up before Notary Robert
Purba, S.H., dengan nama awal PT Hitachi Construction                   Purba, S.H., under its original name PT Hitachi Construction
Machinery Finance Indonesia, disingkat PT HCM Finance                   Machinery Finance Indonesia, abbreviated as PT HCM
Indonesia (HCMFI). Pada saat pendirian, kepemilikan saham               Finance Indonesia (HCMFI). At the time of its establishment,
HCMFI terdiri atas 85% oleh Hitachi Construction Machinery              HCMFI's share ownership consisted of 85% held by Hitachi
(HCM) Co., Ltd. Jepang dan 15% oleh Perseroan.                          Construction Machinery (HCM) Co., Ltd., Japan and 15% held
                                                                        by the Company.


Pada Maret 2015, ITOCHU Corporation (bagian dari                        In March 2015, ITOCHU Corporation (part of the ITOCHU
ITOCHU Group, Jepang) dan Tokyo Century Corporation,                    Group, Japan) and Tokyo Century Corporation, Japan
Jepang (sebelumnya dikenal sebagai Century Tokyo Leasing                (formerly known as Century Tokyo Leasing Corporation)
Corporation) mengakuisisi saham Hitachi Construction                    acquired the shares of Hitachi Construction Machinery Group
Machinery Group di HCMFI, masing-masing sebesar 50% dan                 in HCMFI, representing 50% and 20%, respectively.
20%.


Melalui akuisisi tersebut, ITOCHU Group mengambil peran                 Through this acquisition, the ITOCHU Group assumed a
dalam memberikan arahan strategis pada bidang sales finance             strategic role in providing direction for sales finance services
services di Indonesia, sementara Tokyo Century Corporation              in Indonesia, while Tokyo Century Corporation contributed its
berkontribusi dalam aspek leasing and finance. Tujuan                   expertise in leasing and finance. The primary objectives of this
utama dari akuisisi ini adalah untuk menyediakan layanan                acquisition were to provide high-quality financing services for
pembiayaan berkualitas tinggi bagi HCM Jepang, mendorong                HCM Japan, support the growth of HCM Japan product sales
peningkatan penjualan produk-produk HCM Jepang di                       in Indonesia, anticipate increasing demand in the construction
Indonesia, mengantisipasi pertumbuhan permintaan di                     and infrastructure sectors, and enhance the corporate value of
sektor konstruksi dan infrastruktur, serta meningkatkan nilai           HCMFI.
perusahaan HCMFI.


Berdasarkan Akta Notaris Hasbullah Abdul Rasyid, S.H.,                  Based on Notarial Deed No. 140 dated February 17, 2015 of
M.Kn., No. 140 tanggal 17 Februari 2015, nama PT Hitachi                Hasbullah Abdul Rasyid, S.H., M.Kn., PT Hitachi Construction
Construction Machinery Finance Indonesia resmi berganti                 Machinery Finance Indonesia officially changed its name to
menjadi PT Hexa Finance Indonesia, dengan struktur                      PT Hexa Finance Indonesia, with the following shareholding
kepemilikan saham sebagai berikut:                                      structure:


                                                                                     Kepemilikan
              Pemegang Saham                                                          Ownership
                  Shareholders               Jumlah Saham (Lembar)            Modal Ditempatkan dan Disetor (Rp)                      %
                                             Number of Shares (Shares)               Issued and Paid-Up Capital (Rp)
 ITOCHU Corporation                                       112.500.000                                   112.500.000.000               37,50
 Tokyo Century Corporation                                 60.000.000                                    60.000.000.000               20,00
 PT Hexindo Adiperkasa Tbk                                 45.000.000                                    45.000.000.000               15,00
 Hitachi Construction Machinery Co. Ltd.,
                                                           45.000.000                                    45.000.000.000               15,00
 Japan
 PT Itochu Indonesia                                       37.500.000                                    37.500.000.000               12,50
 Jumlah
                                                         300.000.000                                   300.000.000.000               100,00
 Total




2025 Annual Report & Sustainability Report                       81                                                    PT Hexindo Adiperkasa Tbk

Page 82
 Ikhtisar 2025 | 2025 Highlights                                                     Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                               Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                 Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Hexa Finance merupakan perusahaan yang bergerak di bidang                            Hexa Finance is a financing company engaged in the financial
lembaga pembiayaan. Dalam menjalankan operasionalnya,                                services industry. In conducting its operations, Hexa Finance
Hexa Finance berfokus pada kegiatan pembiayaan investasi,                            focuses on investment financing, working capital financing,
pembiayaan modal kerja, pembiayaan multiguna, serta berbagai                         multipurpose financing, and various other financing activities
bentuk pembiayaan lain yang telah mendapatkan persetujuan                            that have received approval from the OJK. The Company's
dari OJK. Fokus utama Hexa Finance terletak pada pembiayaan                          primary focus is investment financing, particularly through
investasi, khususnya melalui skema sewa pembiayaan serta jual                        finance lease and sale and lease back schemes. The financing
dan sewa kembali (sale and lease back). Dana pembiayaan yang                         facilities provided are intended to support customers’
disalurkan ditujukan untuk mendukung aktivitas produktif                             productive activities, particularly for the purchase of the
para pelanggan, terutama dalam pembelian produk excavator                            Company's excavator products.
dari Perseroan.


Untuk      menjaga        kualitas      pembiayaan,          Hexa     Finance        To maintain financing quality, Hexa Finance targets industry
menargetkan sektor industri dengan tingkat risiko yang                               sectors with relatively low risk profiles. In implementing
relatif aman. Dalam penerapan prinsip kehati-hatian (prudent                         prudent financing principles, credit decisions are made by the
financing), keputusan kredit berada di tangan Presiden Direktur                      President Director following an assessment process conducted
setelah melalui proses analisis oleh tim Marketing dan Credit                        by the Marketing and Credit Risk Management teams. Hexa
Risk Management. Hexa Finance juga menerapkan kebijakan                              Finance also implements strict credit policies to minimize
kredit yang ketat guna menekan potensi piutang bermasalah.                           the potential for non-performing receivables. In addition,
Di samping itu, kegiatan penagihan menjadi salah satu elemen                         collection activities play an important role in maintaining
penting dalam menjaga tingkat kolektibilitas yang sehat.                             healthy collectability levels.


Sebagai     bentuk       pengembangan            usaha,      Hexa     Finance        As part of its business development efforts, Hexa Finance
memperluas segmen layanannya melalui sewa operasi.                                   has expanded its service segment through operating leases.
Skema ini memungkinkan pelanggan untuk menggunakan                                   This scheme allows customers to utilize company-owned
aset milik perusahaan dalam jangka waktu tertentu tanpa                              assets for a specified period without assuming ownership
harus menanggung beban kepemilikan. Meski demikian,                                  responsibilities. Nevertheless, ownership of the assets remains
kepemilikan aset tetap berada pada perusahaan, dan pelanggan                         with the company, while customers make periodic payments
melakukan pembayaran secara berkala atas penggunaannya.                              for their use. The implementation of operating leases is carried
Pelaksanaan sewa operasi ini sesuai dengan ketentuan POJK                            out in accordance with POJK No. 35 of 2018, provided that it
No. 35 Tahun 2018, selama tidak bertentangan dengan                                  does not conflict with applicable regulations. This model offers
regulasi yang berlaku. Model ini memberikan fleksibilitas bagi                       flexibility for customers while generating a stable source of
pelanggan sekaligus menciptakan arus pendapatan yang stabil                          income for PT Hexa Finance Indonesia.
bagi PT Hexa Finance Indonesia.


Sebagai perusahaan pembiayaan yang melayani captive                                  As a financing company serving the captive market of
market dari produk-produk Perseroan, PT Hexa Finance                                 the Company's products, PT Hexa Finance Indonesia has
Indonesia memiliki potensi besar untuk terus berkembang dan                          significant potential to continue growing and expanding its
memperluas bisnisnya di masa mendatang.                                              business in the future.




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Lembaga dan Profesi Penunjang
Supporting Institution and Professionals



Akuntan Publik dan Kantor Akuntan Publik
Public Accountant and Public Accountant Firm

   Periode                                                                                                             Jasa                          Biaya Jasa
  Penugasan          Akuntan Publik                   Kantor Akuntan Publik                                          Service                         (Rp juta)
  Assignment         Public Accountant                  Public Accounting Firm                                                Nonaudit               Services Fee
    Period                                                                                            Audit                                          (Rp million)
                                                                                                                              Non-Audit
     FY2025          Daniel Amdhani           KAP Purwanto Susanti dan Surja                      Laporan             Jasa penanganan                   2.005,0
                     Judistira Reg. No:       (dahulu bernama Kantor Akuntan Publik               Keuangan            kontrol independen
                     AP.1810                  Purwantono, Sungkoro & Surja)                       Perusahaan          melalui sistem Japanese
                                                                                                  The Company’s       Sarbanes-Oxley (J-SOX).
                                              Gedung Bursa Efek Indonesia, Tower 2,               Financial           Independent control
                                              Lantai 7. Jl. Jend. Sudirman Kav. 52-53,            Statement           handling services through
                                              Jakarta, 12190.                                                         the Japanese Sarbanes-
                                              Tel: +62 21 5289 5000                                                   Oxley (J-SOX) system.
                                              Tel: +62 21 5289 4100
     FY2024          Daniel Amdhani           KAP Purwantono, Sungkoro & Surja (Ernst                                                                   1.685,0
                     Judistira Reg. No:       & Young)
                     AP.1810
                                              Gedung Bursa Efek Indonesia, Tower 2,
     FY2023          Benediktio Salim                                                                                                                   1.533,8
                                              Lantai 7. Jl. Jend. Sudirman Kav. 52-53,
                     Reg. No: AP.1561
                                              Jakarta, 12190.
     FY2022          Benediktio Salim         Tel: +62 21 5289 5000                                                                                     1.481,3
                     Reg. No: AP.1561         Tel: +62 21 5289 4100
     FY2021          Benediktio Salim                                                                                                                   1.481,3
                     Reg. No: AP.1561



Biro Administrasi Efek
Securities Administration Bureau

 PT Raya Saham Registra
                                Gedung Plaza Sentral lantai 2
 Alamat
                                Jl. Jend. Sudirman Kav. 47-48, Jakarta 12930
 Address
                                Tel: +62 21 2525666
 Periode Penugasan
                                FY2025
 Assignment Period
                                Pencatatan Daftar Pemegang Saham (DPS) dan pencatatan atas perubahan-perubahan pada DPS atas nama Perseroan serta
 Jasa yang Diberikan            jasa administrasi saham di pasar sekunder yang terdaftar di Bursa Efek Indonesia.
 Services Provided              Registration of the Shareholders Register (DPS) and the recording of any changes to the DPS on behalf of the Company, as well as share
                                administration services in the secondary market listed on the Indonesia Stock Exchange.
 Biaya Jasa (Rp juta)
                                39,0
 Service Fee (Rp million)



Notaris
Notary
 Gatot Widodo, S.E., S.H., M.Kn,
 Alamat                          Jl. Cikampek No.7, Menteng, Jakarta Pusat, Kode Pos 10310
 Address                         Tel: 021-21238054, 0898 1392066
 Periode Penugasan
                                 FY2025
 Assignment Period
 Jasa yang Diberikan             Jasa kenotariatan untuk pembuatan akta RUPS Tahunan PT Hexindo Adiperkasa Tbk tahun buku 2024.
 Services Provided               Notarial services for the preparation of the deed of the AGMS for the fiscal year 2024.
 Biaya Jasa (Rp juta)
                                 19,98
 Service Fee (Rp million)




2025 Annual Report & Sustainability Report                                        83                                                       PT Hexindo Adiperkasa Tbk

Page 84
 Ikhtisar 2025 | 2025 Highlights                                           Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                     Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                       Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Situs Web Perusahaan
The Company’s Website




Perseroan mengelola situs www.hexindo-tbk.co.id dalam                      The Company manages www.hexindo-tbk.co.id in both
Bahasa Indonesia dan Inggris sebagai sarana penyampaian                    Indonesian and English as a means of providing information to
informasi kepada publik dan pemangku kepentingan.                          the public and stakeholders. The management of the Company's
Pengelolaan situs web Perseroan telah memenuhi kewajiban                   website complies with the information disclosure requirements
penyampaian informasi sesuai dengan Pasal 6 POJK No. 8/                    stipulated in Article 6 of POJK No. 8/POJK.04/2015, which
POJK.04/2015, yang mewajibkan Emiten atau Perusahaan                       requires Issuers or Public Companies to provide:
Publik untuk memuat:
1. Informasi Umum Emiten atau Perusahaan Publik;                           1. General Information on the Issuer or Public Company;
2. Informasi bagi Pemodal atau Investor;                                   2. Information for Investors;
3. Informasi Tata Kelola Perusahaan; serta                                 3. Corporate Governance Information; and
4. Informasi Tanggung Jawab Sosial Perusahaan.                             4. Corporate Social Responsibility Information.


Adapun informasi yang tersedia dalam situs web Perseroan                   The information available on the Company's website is as
adalah sebagai berikut:                                                    follows:




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 01                                                      02                                                       03
Beranda                                                 Produk                                                   Suku Cadang
Home                                                    Products                                                 Parts
Menyajikan navigasi utama ke berbagai bagian            Menampilkan beragam jenis produk alat berat              Berisi informasi mengenai berbagai komponen
penting, seperti Produk, Suku Cadang, Layanan           Perseroan, yaitu Mini Excavators, Medium                 suku cadang, yaitu Lubricants, Filters,
& Dukungan, Perusahaan, Hubungi Kami,                   Excavators, Large Excavators, Wheel Loaders,             Undercarriage, Hitachi O-Ring Kit for Control
Pencari Cabang, Majalah Alat Berat, dan Lebih           Rigid Dump Trucks, BELL Articulated Dump                 Valve, Ground Engaging Tools (GET), Hexindo
Lanjut.                                                 Trucks, Camino - Tandem Road Roller, Dynapac             Parts, Seal Kit, dan Komponen Remanufakturing
Provides primary navigation to various key sections,    - Single Drum Roller, Foton - Heavy Duty Truck,          Hitachi.
including Products, Parts, Service & Support,           Morooka - Carrier Dump, Attachment, Industry             This section provides information on various spare
Company, Contact Us, Branch Locator, Alat Berat         Solutions, dan Used Equipment.                           part components, including Lubricants, Filters,
Magazine, and Find More.                                This section showcases the Company’s diverse range       Undercarriage, O-Ring Kit for Control Valve,
                                                        of heavy equipment products, which include Mini          Ground Engaging Tools (GET), Hexindo Parts, Seal
                                                        Excavators, Medium Excavators, Large Excavators,         Kit, and Remanufactured Components.
                                                        Wheel Loaders, Backhoe Loaders, Rigid Dump
                                                        Trucks, BELL Articulated Dump Trucks, Camino
                                                        - Tandem Road Roller, Dynapac - Single Drum
                                                        Roller, Foton - Heavy Duty Truck, Morooka -
                                                        Carrier Dump, Attachment, Machine Application,
                                                        Industry Solutions, and Used Equipment.




 04                                                      05                                                       06
Layanan & Dukungan                                      Perusahaan                                               Hubungi Kami
Service & Support                                       Company                                                  Contact Us
Menyediakan layanan dan dukungan bagi                   Memuat informasi lengkap seputar Perseroan,              Menyediakan akses komunikasi untuk berbagai
pelanggan, seperti ConSite dan Wenco.                   antara lain Tentang Kami, Manajemen,                     kebutuhan, seperti Peralatan Baru, Layanan
Providing services and support to customers, such       Hubungan Investor, Jaringan Global, Karier,              & Dukungan, Peralatan Bekas, Suku Cadang,
as ConSite and Wenco.                                   Siaran Pers, Tata Kelola Perusahaan, Tanggung            Pertanyaan umum, dan Whistleblowing System.
                                                        Jawab Sosial Perusahaan, Pengumuman                      Providing communication access for various needs,
                                                        Perusahaan, dan Mengapa HCM.                             including New Equipment, Service & Support,
                                                        Contains comprehensive information about the             Used Equipment, Parts, General Inquiry, and
                                                        Company, including About Us, Management,                 Whistleblowing System.
                                                        Investor Relations, Global Network, Careers, Press
                                                        Release, Corporate Governance, Corporate Social
                                                        Responsibility, Corporate Announcement, and
                                                        Why HCM.




 07                                                      08                                                       09
Pencari Cabang                                          Alat Berat                                               Lebih Lanjut
Branch Locator                                          Heavy Equipment                                          Find More
Fitur yang memudahkan untuk menemukan                   Media elektronik yang diterbitkan sejak 2016             Menyediakan akses komunikasi untuk berbagai
lokasi cabang terdekat.                                 sebagai informasi bagi pemilik, operator, dan            kebutuhan, seperti Peralatan Baru, Layanan
A feature that facilitates finding the nearest branch   pelanggan Perseroan agar mudah memperoleh                & Dukungan, Peralatan Bekas, Suku Cadang,
location.                                               informasi seputar Perusahaan, serta produk dan           Pertanyaan umum, dan Whistleblowing System.
                                                        layanan terkini dari Hexindo.                            Providing communication access for various needs,
                                                        An electronic media publication launched in 2016,        including New Equipment, Service & Support,
                                                        serving as an information source for the Company’s       Used Equipment, Parts, General Inquiry, and
                                                        owners, operators, and customers. It aims to             Whistleblowing System.
                                                        facilitate access to information about the Company,
                                                        as well as the latest products and services offered by
                                                        Hexindo.




2025 Annual Report & Sustainability Report                                      85                                                      PT Hexindo Adiperkasa Tbk

Page 86
 Ikhtisar 2025 | 2025 Highlights                                           Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                     Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                       Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




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                                                                              03




                                              Analisa dan
                                             Pembahasan
                                              Manajemen
                                                    Management
                                                   Discussion and
                                                         Analysis




2025 Annual Report & Sustainability Report    87           PT Hexindo Adiperkasa Tbk

Page 88
 Ikhtisar 2025 | 2025 Highlights                                                      Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                  Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Tinjauan Ekonomi dan Industri
Economic and Industry Overview



KONDISI PEREKONOMIAN GLOBAL                                                           GLOBAL ECONOMIC CONDITIONS
Perekonomian global sepanjang tahun 2025 bergerak                                     Throughout 2025, the global economy operated under
dalam bayang-bayang ketidakpastian yang tinggi, seiring                               considerable uncertainty as the world adapted to a landscape
dunia beradaptasi dengan lanskap yang ditandai oleh                                   marked by intensifying protectionism and trade fragmentation.
menguatnya proteksionisme dan fragmentasi perdagangan.                                Trade tensions escalated sharply after the United States imposed
Ketegangan dagang meningkat tajam setelah Amerika Serikat                             broad-based import tariffs in early April 2025, triggering
memberlakukan tarif impor secara luas pada awal April                                 volatility in global financial markets and dampening the pace
2025, yang memicu volatilitas pasar keuangan global dan                               of recovery. The International Monetary Fund (IMF) projected
menahan laju pemulihan. Dana Moneter Internasional (IMF)                              global economic growth to slow from 3.3% in 2024 to 3.2%
memproyeksikan pertumbuhan ekonomi global melambat                                    in 2025 and 3.1% in 2026, with advanced economies growing
dari 3,3% pada 2024 menjadi 3,2% pada 2025 dan 3,1% pada                              at around 1.5% and emerging economies slightly above 4%.
2026, dengan negara maju tumbuh di kisaran 1,5% dan negara                            Global inflation generally continued to decline, although it
berkembang sedikit di atas 4%. Inflasi global secara umum                             remained above target in a number of countries, particularly
terus menurun, meski tetap berada di atas target di sejumlah                          the United States.
negara, terutama Amerika Serikat.


Di tengah tekanan tersebut, perekonomian dunia menunjukkan                            Amid these pressures, the global economy demonstrated
ketahanan yang relatif lebih baik dari perkiraan awal tahun.                          resilience that was relatively better than initial-year
IMF sempat merevisi ke atas proyeksi pertumbuhan global                               expectations. The IMF subsequently revised its global growth
menjadi 3,0% pada pertengahan 2025, didukung oleh front-                              projection upward to 3.0% in mid-2025, supported by front-
loading menjelang pemberlakuan tarif, tarif efektif yang lebih                        loading ahead of tariff implementation, effective tariff rates
rendah dari kekhawatiran awal, kondisi keuangan yang lebih                            lower than initially feared, looser financial conditions including
longgar termasuk pelemahan dolar AS, serta ekspansi fiskal di                         a weaker US dollar, and fiscal expansion in a number of
sejumlah negara. Meskipun demikian, berbagai risiko masih                             countries. Nonetheless, risks remained tilted to the downside.
cenderung mengarah pada pelemahan. Ketidakpastian yang                                Prolonged uncertainty, escalating protectionist policies,
berkepanjangan, eskalasi kebijakan proteksionis, kerentanan                           fiscal vulnerabilities, and the potential for financial market
fiskal, serta potensi koreksi pasar keuangan termasuk penilaian                       corrections — including elevated technology stock valuations
saham teknologi yang tinggi seiring lonjakan investasi                                amid surging artificial intelligence investment — continued to
kecerdasan buatan menjadi sumber kerawanan bagi stabilitas                            pose risks to global economic stability. Persistent geopolitical
ekonomi global. Ketegangan geopolitik yang berlarut, termasuk                         tensions, including conflicts in the Middle East and Eastern
konflik di Timur Tengah dan Eropa Timur, turut menambah                               Europe, further added pressure to commodity prices and
tekanan pada harga komoditas dan arus perdagangan dunia.                              global trade flows.


KONDISI PEREKONOMIAN INDONESIA                                                        INDONESIA'S ECONOMIC CONDITIONS
Di tengah ketidakpastian ekonomi global yang masih                                    Amid ongoing global economic uncertainty, Indonesia's
berlangsung, perekonomian Indonesia tetap menunjukkan                                 economy continued to demonstrate resilience and maintained
resiliensi     dan      mampu          mempertahankan                 momentum        its growth momentum. According to data from Statistics
pertumbuhan. Berdasarkan data Badan Pusat Statistik (BPS),                            Indonesia (BPS), Indonesia's economy grew by 5.11% (c-to-c)
ekonomi Indonesia pada tahun 2025 tumbuh sebesar 5,11%                                in 2025, an improvement from 5.03% growth in the previous
(c-to-c), meningkat dibandingkan pertumbuhan sebesar                                  year. This performance was supported by fourth-quarter 2025
5,03% pada tahun sebelumnya. Kinerja tersebut didukung oleh                           economic growth of 5.39% (yoy), the highest quarterly growth
pertumbuhan ekonomi pada triwulan IV-2025 yang mencapai                               since the end of the Covid-19 pandemic period. Meanwhile,
5,39% (yoy), menjadi pertumbuhan triwulanan tertinggi                                 growth in the first through third quarters was recorded at
sejak berakhirnya periode pandemi Covid-19. Sementara                                 4.87%, 5.12%, and 5.04%, respectively. Although slightly below
itu, pertumbuhan pada triwulan I hingga III masing-masing                             the 2025 State Budget (APBN) target of 5.2%, this achievement

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tercatat sebesar 4,87%, 5,12%, dan 5,04%. Meskipun sedikit              reflects the resilience of the national economy amid various
berada di bawah target APBN 2025 sebesar 5,2%, capaian                  external challenges.
tersebut mencerminkan daya tahan ekonomi nasional di
tengah berbagai tantangan eksternal.


Dari sisi pengeluaran, konsumsi rumah tangga tetap menjadi              From the expenditure side, household consumption remained
kontributor       utama       pertumbuhan    ekonomi,   didukung        the main contributor to economic growth, supported by
oleh peningkatan investasi dan kinerja ekspor yang solid.               increased investment and solid export performance. The
Komponen ekspor barang dan jasa mencatatkan pertumbuhan                 export of goods and services component recorded the highest
tertinggi sebesar 7,03% sepanjang tahun 2025, mencerminkan              growth at 7.03% throughout 2025, reflecting the continued
daya saing produk Indonesia di pasar global yang tetap terjaga.         competitiveness of Indonesian products in the global market.
Sementara itu, investasi terus meningkat seiring berlanjutnya           Meanwhile, investment continued to rise in line with the
pembangunan Ibu Kota Nusantara (IKN), pelaksanaan berbagai              ongoing development of the Nusantara Capital City (IKN), the
Proyek Strategis Nasional (PSN), serta implementasi kebijakan           implementation of various National Strategic Projects (PSN),
stimulus yang mendorong aktivitas ekonomi domestik pada                 and stimulus policies that boosted domestic economic activity
paruh kedua tahun. Secara keseluruhan, Produk Domestik                  in the second half of the year. Overall, Indonesia's Gross
Bruto (PDB) Indonesia atas dasar harga berlaku pada tahun               Domestic Product (GDP) at current prices reached Rp23,821.1
2025 mencapai Rp23.821,1 triliun.                                       trillion in 2025.


Di sisi lain, pertumbuhan ekonomi yang relatif kuat belum               On the other hand, relatively strong economic growth has
terjadi secara merata di seluruh sektor usaha. Meskipun                 not occurred evenly across all business sectors. While most
sebagian besar lapangan usaha mencatatkan pertumbuhan                   sectors recorded positive growth, the mining sector contracted
positif, sektor pertambangan mengalami kontraksi sepanjang              throughout 2025. This condition is one of the factors influencing
tahun 2025. Kondisi ini menjadi salah satu faktor yang                  the dynamics of the national heavy equipment market, given
memengaruhi dinamika pasar alat berat nasional, mengingat               that the mining sector is one of the main segments contributing
sektor pertambangan merupakan salah satu segmen utama                   to heavy equipment demand in Indonesia. Nonetheless,
yang berkontribusi terhadap permintaan alat berat di                    continued investment activity in infrastructure, construction,
Indonesia. Meski demikian, keberlanjutan aktivitas investasi di         and various other productive sectors continues to open growth
sektor infrastruktur, konstruksi, dan berbagai sektor produktif         opportunities for the heavy equipment industry as a whole.
lainnya tetap membuka peluang pertumbuhan bagi industri
alat berat secara keseluruhan.


TINJAUAN INDUSTRI PENGGUNA ALAT BERAT                                   OVERVIEW OF HEAVY EQUIPMENT END-USER
                                                                        INDUSTRIES
Industri alat berat di Indonesia tetap memiliki peran strategis         The heavy equipment industry in Indonesia continues to play
dalam mendukung aktivitas sektor-sektor ekonomi utama,                  a strategic role in supporting the activities of key economic
khususnya pertambangan, konstruksi, perkebunan, dan                     sectors, particularly mining, construction, plantations, and
kehutanan. Sepanjang tahun 2025, permintaan alat berat                  forestry. Throughout 2025, heavy equipment demand showed
menunjukkan dinamika yang beragam di setiap sektor                      varied dynamics across end-user sectors. Weakening activity
pengguna. Pelemahan aktivitas pada sektor pertambangan                  in the mining sector due to declining commodity prices led to
akibat penurunan harga komoditas mendorong perlambatan                  a slowdown in demand in that segment, though this was partly
permintaan di segmen tersebut, namun kondisi ini sebagian               offset by growing heavy equipment needs in the agribusiness
diimbangi oleh pertumbuhan kebutuhan alat berat pada sektor             and forestry sectors as well as continued infrastructure
agrobisnis, kehutanan, dan pembangunan infrastruktur yang               development.
tetap berjalan.


Sektor pertambangan masih menjadi salah satu pasar terbesar             The mining sector remains one of the largest markets for the
bagi industri alat berat nasional. Namun, sepanjang tahun 2025          national heavy equipment industry. However, throughout
sektor ini menghadapi tantangan akibat melemahnya harga                 2025 this sector faced challenges due to weakening prices
sejumlah komoditas, terutama batu bara. Produksi batu bara              for a number of commodities, particularly coal. National
nasional tercatat sekitar 790 juta ton, menurun dibandingkan            coal production was recorded at approximately 790 million

2025 Annual Report & Sustainability Report                         89                                             PT Hexindo Adiperkasa Tbk

Page 90
 Ikhtisar 2025 | 2025 Highlights                                                       Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                 Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                   Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




realisasi tahun sebelumnya yang mencapai 836 juta ton.                                 tons, a decrease from the previous year's realization of 836
Penurunan volume produksi tersebut turut memengaruhi                                   million tons. This decline in production volume affected the
aktivitas operasional dan belanja modal sejumlah pelaku                                operational activities and capital expenditure of a number of
usaha pertambangan, sehingga berdampak pada permintaan                                 mining companies, thereby impacting demand for both new
alat berat baru maupun penggantian unit. Meski demikian,                               heavy equipment units and replacement units. Nevertheless,
kebutuhan terhadap alat berat untuk mendukung kegiatan                                 demand for heavy equipment to support mining operations
operasional tambang tetap terjaga, terutama pada perusahaan-                           remained steady, particularly among companies with stable
perusahaan dengan tingkat produksi yang stabil dan kontrak                             production levels and long-term contracts.
jangka panjang.


Di sektor konstruksi, permintaan alat berat tetap didukung                             In the construction sector, heavy equipment demand continued
oleh keberlanjutan pembangunan infrastruktur nasional.                                 to be supported by the ongoing development of national
Pertumbuhan sektor konstruksi yang tetap positif sepanjang                             infrastructure. The construction sector's continued positive
tahun mencerminkan berlanjutnya aktivitas pembangunan                                  growth throughout the year reflects the continuation of various
berbagai proyek strategis, termasuk infrastruktur konektivitas,                        strategic projects, including connectivity infrastructure,
kawasan industri, fasilitas energi, serta proyek pembangunan                           industrial estates, energy facilities, and the development of the
Ibu Kota Nusantara (IKN). Dukungan belanja pemerintah                                  Nusantara Capital City (IKN). Government spending support
pada sektor pekerjaan umum dan infrastruktur turut menjaga                             for public works and infrastructure also sustained demand
kebutuhan terhadap berbagai jenis alat berat, seperti excavator,                       for various types of heavy equipment, such as excavators,
wheel loader, dan peralatan konstruksi lainnya yang digunakan                          wheel loaders, and other construction equipment used in
dalam pembangunan dan pemeliharaan infrastruktur.                                      infrastructure development and maintenance.


Sektor perkebunan, khususnya kelapa sawit, juga terus menjadi                          The plantation sector, particularly palm oil, also continues
salah satu kontributor penting terhadap permintaan alat berat.                         to be an important contributor to heavy equipment demand.
Peningkatan produksi minyak sawit mentah (CPO) pada tahun                              The increase in crude palm oil (CPO) production in 2025
2025 mencerminkan tetap kuatnya aktivitas operasional dan                              reflects continued strong operational activity and plantation
pengembangan lahan perkebunan. Selain itu, implementasi                                land development. In addition, the implementation of the
kebijakan mandatori biodiesel B40 sebagai bagian dari strategi                         mandatory B40 biodiesel policy as part of the national energy
ketahanan energi nasional semakin memperkuat prospek                                   security strategy further strengthens the long-term prospects
industri sawit dalam jangka panjang. Kebijakan tersebut                                of the palm oil industry. This policy is expected to increase
diperkirakan akan meningkatkan kebutuhan bahan baku                                    domestic raw material requirements and encourage investment
domestik dan mendorong investasi di sektor perkebunan,                                 in the plantation sector, which in turn has the potential to
yang pada gilirannya berpotensi mendukung permintaan alat                              support heavy equipment demand for land clearing, plantation
berat untuk kegiatan pembukaan lahan, pemeliharaan kebun,                              maintenance, and operational logistics management.
maupun pengelolaan logistik operasional.


Sementara itu, sektor kehutanan tetap menjadi pasar yang                               Meanwhile, the forestry sector remains an important market
penting bagi industri alat berat, terutama melalui aktivitas                           for the heavy equipment industry, particularly through the
pengelolaan Hutan Tanaman Industri (HTI) dan industri                                  management of Industrial Plantation Forests (HTI) and the
pulp serta kertas. Indonesia terus mempertahankan posisinya                            pulp and paper industry. Indonesia continues to maintain its
sebagai salah satu produsen pulp dan kertas utama di dunia,                            position as one of the world's leading pulp and paper producers,
didukung oleh ketersediaan bahan baku yang kompetitif                                  supported by the availability of competitive raw materials and
dan produktivitas hutan tanaman yang tinggi. Beroperasinya                             high plantation forest productivity. The operation of new
fasilitas produksi baru serta berlanjutnya pengembangan                                production facilities and continued development of HTI areas
kawasan HTI turut menjaga kebutuhan terhadap alat berat                                have sustained demand for heavy equipment used in planting,
yang digunakan dalam kegiatan penanaman, pemanenan,                                    harvesting, timber transportation, and the construction of
pengangkutan          kayu,      dan      pembangunan             infrastruktur        supporting infrastructure.
pendukung.




PT Hexindo Adiperkasa Tbk                                                         90                                        Laporan Tahunan & Laporan Keberlanjutan 2025

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                                                                                                                                           03

KINERJA INDUSTRI ALAT BERAT                                                    HEAVY EQUIPMENT INDUSTRY PERFORMANCE
Setelah mengalami perlambatan dalam beberapa tahun                             After experiencing a slowdown in recent years, the national
terakhir, industri alat berat nasional mulai menunjukkan                       heavy equipment industry began showing signs of recovery in
tanda-tanda pemulihan pada tahun 2025. Berdasarkan                             2025. According to data from the Indonesian Heavy Equipment
data Himpunan Industri Alat Berat Indonesia (Hinabi),                          Industry Association (Hinabi), national heavy equipment
produksi alat berat nasional mencapai 8.693 unit, meningkat                    production reached 8,693 units, an increase from 7,022 units
dibandingkan realisasi tahun 2024 yang sebesar 7.022 unit.                     in 2024. This increase reflects improving domestic heavy
Peningkatan tersebut mencerminkan membaiknya aktivitas                         equipment manufacturing activity amid a market environment
manufaktur alat berat domestik di tengah kondisi pasar yang                    still marked by various challenges. Production throughout
masih diwarnai berbagai tantangan. Produksi sepanjang                          the year was dominated by hydraulic excavators, followed by
tahun didominasi oleh hydraulic excavator, diikuti bulldozer,                  bulldozers, dump trucks, compactors, pneumatic tire rollers,
dump truck, compactor, pneumatic tire roller, road stabilizer,                 road stabilizers, and graders. This performance further
dan grader. Kinerja ini turut memperkuat posisi Indonesia                      strengthens Indonesia's position as one of the largest heavy
sebagai salah satu pasar dan basis produksi alat berat terbesar                equipment markets and production bases in the ASEAN region.
di kawasan ASEAN.


Di sisi permintaan, industri alat berat mengalami perubahan                    On the demand side, the heavy equipment industry
struktur pasar yang cukup signifikan. Jika pada tahun-tahun                    experienced a fairly significant shift in market structure.
sebelumnya sektor pertambangan menjadi penggerak utama                         Whereas in previous years the mining sector was the main
permintaan, pada tahun 2025 kontribusi terbesar justru berasal                 driver of demand, in 2025 the largest contribution instead
dari sektor agrobisnis dan kehutanan. Pergeseran ini terjadi                   came from the agribusiness and forestry sectors. This shift
seiring melemahnya aktivitas investasi dan belanja modal di                    occurred as investment activity and capital expenditure in
sektor pertambangan akibat penurunan harga batu bara dan                       the mining sector weakened due to declining coal and other
komoditas lainnya. Sebaliknya, aktivitas operasional yang                      commodity prices. Conversely, continued high operational
tetap tinggi di sektor perkebunan dan kehutanan mendorong                      activity in the plantation and forestry sectors drove increased
peningkatan kebutuhan alat berat untuk mendukung                               demand for heavy equipment to support productivity and land
produktivitas dan pengelolaan lahan.                                           management.


Sementara itu, sektor konstruksi tetap memberikan kontribusi                   Meanwhile, the construction sector continued to provide a
yang stabil terhadap permintaan alat berat, didukung oleh                      stable contribution to heavy equipment demand, supported
berlanjutnya       pembangunan           infrastruktur   nasional   dan        by the continuation of national infrastructure development
berbagai proyek strategis di sejumlah wilayah. Diversifikasi                   and various strategic projects across a number of regions. This
sumber permintaan dari berbagai sektor pengguna tersebut                       diversification of demand sources across different end-user
menjadi faktor penting dalam menjaga ketahanan industri alat                   sectors is an important factor in maintaining the resilience of
berat nasional di tengah dinamika siklus komoditas.                            the national heavy equipment industry amid commodity cycle
                                                                               dynamics.


Dari sisi pasar, Perhimpunan Agen Tunggal Alat Berat                           In terms of market outlook, the Indonesian Heavy Equipment
Indonesia (PAABI) memperkirakan penjualan alat berat                           Distributors Association (PAABI) estimates that national new
baru nasional pada tahun 2025 mencapai sekitar 23.000 unit.                    heavy equipment sales reached approximately 23,000 units
Meskipun masih sedikit lebih rendah dibandingkan tahun                         in 2025. Although still slightly lower than the previous year,
sebelumnya, prospek industri tetap positif seiring ekspektasi                  the industry outlook remains positive amid expectations of
membaiknya aktivitas ekonomi dan investasi pada berbagai                       improving economic activity and investment across various
sektor pengguna. Dengan fundamental permintaan yang                            end-user sectors. With demand fundamentals remaining
tetap terjaga serta dukungan pembangunan nasional yang                         sound and continued support from national development, the
berkelanjutan, industri alat berat diperkirakan memiliki                       heavy equipment industry is expected to have the opportunity
peluang untuk kembali mencatatkan pertumbuhan yang lebih                       to record stronger growth in the years ahead.
kuat pada tahun-tahun mendatang.




2025 Annual Report & Sustainability Report                                91                                            PT Hexindo Adiperkasa Tbk

Page 92
 Ikhtisar 2025 | 2025 Highlights                                                             Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                       Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                         Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Tinjauan Operasi Per Segmen Usaha
Operational Overview by Business Segment



Pembahasan tinjauan per segmen usaha pada Laporan Tahunan                                    The discussion of the business segment overview in this
ini disajikan sesuai dengan pembagian segmen yang tercantum                                  Annual Report is presented in accordance with the segment
dalam Laporan Keuangan Perseroan. Untuk tujuan manajemen,                                    classification set out in the Company's Financial Statements.
Perseroan dibagi menjadi dua segmen operasi berdasarkan                                      For management purposes, the Company is divided into
usaha dan geografis yang dikelola secara independen oleh                                     two operating segments based on business and geography,
masing-masing pengelola segmen yang bertanggung jawab atas                                   each managed independently by its respective segment
kinerja dari masing-masing segmen. Segmen usaha Perseroan                                    manager who is responsible for that segment's performance.
terdiri dari penjualan alat berat, jasa penyewaan alat berat,                                The Company's business segments consist of sales of heavy
penjualan suku cadang serta jasa pemeliharaan dan perbaikan.                                 equipment, rental of heavy equipment, sales of spare parts,
Sedangkan berdasarkan segmen geografis terdiri dari segmen                                   and repair and maintenance services. Based on geographic
Pulau Jawa dan segmen Luar Pulau Jawa.                                                       segments, the Company is divided into the Java segment and
                                                                                             the Outside Java segment.


Sumber Pendapatan dan Kontribusinya terhadap Total Pendapatan Perseroan
Sources of Revenue and Contribution to Total Company Revenue
                                                                                                                                             Kenaikan (Penurunan)
                                                                      FY2025                                   FY2024                           FY2024-FY2025
                                                                                                                                                Increase (Decrease)
                 Pendapatan                                                                                                                       FY2024-FY2025
                    Revenue
                                                         Jumlah               Kontribusi             Jumlah            Kontribusi                               Persentase
                                                                                                                                             Nominal
                                                            Total         Contribution                 Total           Contribution                             Percentage
                                                           USD                    %                    USD                    %                USD                     %
 Penjualan Alat Berat
                                                          339.218.927                 65,8           317.693.512                  60,8         21.525.415                   6,8
 Sales of Heavy Equipment
 Jasa Penyewaan Alat Berat
                                                            9.696.415                  1,9            14.672.997                   2,8        (4.976.582)                 (33,9)
 Rental of Heavy Equipment
 Penjualan Suku Cadang
                                                           83.507.421                 16,2           107.930.829                  20,6       (24.423.408)                 (22,6)
 Sales of Spare Parts
 Jasa Pemeliharaan dan Perbaikan
                                                           83.000.454                 16,1            82.417.500                  15,8            582.954                   0,7
 Repair and Maintenance Service
 Jumlah
                                                         515.423.217               100,0            522.714.838                 100,0         (7.291.621)                  (1,4)
 Total




        16,1%                                                            15,8%

                                                                                                                                               Penjualan Alat Berat
                                                                                                                                               Sales of Heavy Equipment
                                                                                                                                               Jasa Penyewaan Alat Berat
                                                                                                                                               Rental of Heavy Equipment
16,2%                   FY2025                     65,8%         20,6%                  FY2024                           60,8%                 Penjualan Suku Cadang
                                                                                                                                               Sales of Spare Parts
                                                                                                                                               Jasa Pemeliharaan dan Perbaikan
 1,9%                                                                                                                                          Repair and Maintenance Service

                                                                       2,8%




Dari tabel dan bagan di atas, dapat dilihat bahwa pendapatan                                 From the table and chart above, it can be seen that revenue
dari penjualan alat berat berkontribusi paling besar terhadap                                from heavy equipment sales contributed the largest share to the
pendapatan Perseroan di tahun 2025 yakni sebesar 65,8%.                                      Company's revenue in 2025, at 65.8%. The business activities
Berikut disampaikan kegiatan usaha dan pencapaian kinerja                                    and performance achievements of each business segment are
dari masing-masing segmen usaha.                                                             presented below.

PT Hexindo Adiperkasa Tbk                                                             92                                          Laporan Tahunan & Laporan Keberlanjutan 2025

Page 93
                                                                                                                                       03

PENJUALAN ALAT BERAT                                                   SALES OF HEAVY EQUIPMENT
Salah satu kegiatan usaha yang sekaligus menjadi kontributor           Sales of heavy equipment is one of the Company's business
utama pendapatan Hexindo adalah penjualan alat berat.                  activities and, at the same time, its primary revenue
Dalam menjalankan kegiatan usahanya, segmen usaha ini                  contributor. In carrying out this business, the segment sells a
melakukan penjualan berbagai produk alat berat. Jenis produk           variety of heavy equipment products. The types of products
yang dijual meliputi Excavator 6-ton ke atas, Mini Excavator,          sold include Excavators of 6-tons and above, Mini Excavators,
Wheel Loader, Rigid Dump Truck (RDT), Articulated Dump                 Wheel Loaders, Rigid Dump Trucks (RDT), Articulated Dump
Truck (ADT), Heavy Duty Truck, Road Roller, Carrier Dump,              Trucks (ADT), Heavy Duty Trucks, Road Rollers, Carrier
dan attachment.. Konsumen dari produk tersebut berasal dari            Dumps, and attachments. Customers of these products come
sektor pertambangan, konstruksi, forestry, dan agrobisnis.             from the mining, construction, forestry, and agribusiness
Untuk dapat menjangkau pasar yang lebih luas, Perseroan                sectors. To reach a wider market, the Company continues to
berupaya untuk terus memperluas lini produk (product line              pursue product line extension with new products that bring
extension) dengan produk-produk baru yang menghadirkan                 various innovations to meet customer needs.
berbagai inovasi untuk memenuhi kebutuhan pelanggan.


Kinerja Tahun Buku 2025                                                Fiscal Year 2025 Performance

Kinerja Segmen Penjualan Seluruh Jenis Alat Berat Berdasarkan Produk
Sales Segment Performance of All Heavy Equipment by Product
                                                                                             Kenaikan (Penurunan)
                                                                Penjualan                       FY2024-FY2025
                                                                      Sales                      Increase (Decrease)
                       Jenis Alat Berat                                                            FY2024-FY2025
                    Heavy Equipment Type
                                                       FY2025                 FY2024                         Persentase
                                                                                               Unit           Percentage
                                                        (Unit)                 (Unit)                            (%)
 Mini Excavator                                                 243                249                (6)              (2,4)

 Mid Excavator > 6T incl. mining excavator                 3.164                  2.597              567               21,8

 Wheel Loader                                                   42                  37                 5               13,5

 Rigid Dump Truck (HITACHI)                                      0                      0              0                0,0        -

 Articulated Dump Truck (BELL)                                   0                      3             (3)         (100,0)

 Foton Dump Truck                                               384                397             (13)                (3,3)

 Dynapac Soil Roller                                             8                  29             (21)               (72,4)

 Morooka Carrier Dump                                           23                  21                 2                9,5

 Waratah Harvester                                               0                      0              0                0,0        -

 BX 100 Backhoe Loader                                          16                      0             16
 Jumlah
                                                           3.880                  3.333            547                 16,4
 Total



Kinerja Segmen Penjualan Mid Excavator > 6 T (Including Mining Excavator) Berdasarkan Sektor Pengguna
Sales Performance of the Mid Excavator > 6 T (Including Mining Excavator) Segment by End-User Sector

                                                                                             Kenaikan (Penurunan)
                                                                Penjualan                       FY2024-FY2025
     Penjualan Alat Berat Berdasarkan Sektor                          Sales                     Increase (Decrease)
                    Pengguna                                                                      FY2024-FY2025
         Heavy Equipment Sales by End-User Sector                                                            Persentase
                                                      FY2025                  FY2024
                                                                                              Unit           Percentage
                                                       (Unit)                  (Unit)                           (%)
 Agrobisnis
                                                            1.409                 1.022               387               37,9
 Agribusiness
 Kehutanan
                                                                528                 542              (14)              (2,6)
 Forestry
 Konstruksi
                                                                544                 563               -19              (3,4)
 Construction



2025 Annual Report & Sustainability Report                      93                                               PT Hexindo Adiperkasa Tbk

Page 94
 Ikhtisar 2025 | 2025 Highlights                                                        Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                  Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                    Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




                                                                                                                       Kenaikan (Penurunan)
                                                                                Penjualan                                 FY2024-FY2025
     Penjualan Alat Berat Berdasarkan Sektor                                           Sales                               Increase (Decrease)
                    Pengguna                                                                                                 FY2024-FY2025
         Heavy Equipment Sales by End-User Sector                                                                                           Persentase
                                                                         FY2025                 FY2024
                                                                                                                         Unit               Percentage
                                                                          (Unit)                 (Unit)                                        (%)
 Pertambangan
                                                                                299                      326                    (27)               (8,3)
 Mining
 Lainnya
                                                                                384                      144                    240               166,7
 Others
 Jumlah
                                                                               3.164                   2.597                    567                21,8
 Total



Sepanjang tahun buku 2025, Perseroan berhasil melakukan                                 During fiscal year 2025, the Company successfully sold a total
penjualan sejumlah 3.164 Ekskavator. Jumlah ini mengalami                               of 3,164 excavators. This represented an increase from the
peningkatan dari tahun sebelumnya yang sebanyak 2.597 unit.                             previous year, when sales reached 2,597 units.


Profitabilitas Tahun Buku 2025                                                          Fiscal Year 2025 Profitability
                                                                                                                      Kenaikan (Penurunan)
                                                                                                                         FY2024-FY2025
                                                                                                                           Increase (Decrease)
         Penjualan Alat Berat                    Satuan                                                                      FY2024-FY2025
                                                                      FY2025                   FY2024
         Heavy Equipment Type                      Unit
                                                                                                                                            Persentase
                                                                                                                      Nominal                Percentage
                                                                                                                                                (%)
 Penghasilan
                                                   USD                339.218.927              317.693.512               21.525.415                  6,8
 Revenues

 Beban Pokok Penghasilan
                                                   USD                313.015.197              290.753.433               22.261.764                  7,7
 Cost of Revenues

 Laba Bruto
                                                   USD                 26.203.730               26.940.079                 (736.349)               (2,7)
 Gross Profit
 Marjin Laba Bruto
                                                     %                      7,7%                      8,5%                              -                -
 Gross Profit Margin



Segmen penjualan alat berat tetap menjadi kontributor utama                             The heavy equipment sales segment remained the Company's
pendapatan Perseroan pada tahun buku 2025 dengan kontribusi                             primary revenue contributor in fiscal year 2025, accounting
sebesar 65,8% dari total pendapatan, meningkat dibandingkan                             for 65.8% of total revenue, up from 60.8% in the previous year.
60,8% pada tahun sebelumnya. Pendapatan segmen ini tumbuh                               Revenue from this segment grew by 6.8% to USD339.2 million,
6,8% menjadi USD339,2 juta, didukung oleh membaiknya                                    supported by improving heavy equipment demand across
permintaan alat berat di berbagai sektor pengguna. Meski                                various end-user sectors. Nevertheless, an increase in cost of
demikian, kenaikan beban pokok penghasilan yang lebih tinggi                            revenues that outpaced revenue growth caused gross profit to
dibandingkan pertumbuhan pendapatan menyebabkan laba                                    decline slightly to USD26.2 million, with gross profit margin
bruto turun tipis menjadi USD26,2 juta, dengan marjin laba                              narrowing from 8.5% to 7.7%. Despite this margin pressure,
bruto menurun dari 8,5% menjadi 7,7%. Di tengah tekanan                                 the Company succeeded in significantly increasing the
marjin tersebut, Perseroan berhasil meningkatkan laba usaha                             segment's operating profit to USD15.2 million, compared to
segmen secara signifikan menjadi USD15,2 juta dibandingkan                              USD5.5 million in fiscal year 2024, reflecting the effectiveness
USD5,5 juta pada tahun buku 2024, mencerminkan efektivitas                              of operating cost management and the segment's continued
pengelolaan biaya operasional serta kuatnya peran segmen ini                            strength as the main driver of the Company's business growth.
sebagai penggerak utama pertumbuhan bisnis Perseroan.


Rencana Tahun Buku 2026                                                                 Fiscal Year 2026 Plan
Untuk mendorong pertumbuhan kinerja segmen penjualan                                    To drive the growth of its heavy equipment sales segment, the
alat berat, Perseroan akan merilis beberapa produk baru                                 Company plans to introduce several new products, including
seperti Foton light truck 4x2 for the agricultural sector, Wixim                        the Foton 4×2 Light Truck for the agricultural sector and Wixim
by LANDCROS dengan model wheel loader dan dozer. Selain                                 by LANDCROS wheel loader and dozer models. In addition,

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itu, Perseroan juga melakukan improvisasi terhadap berbagai              the Company continues to enhance its value proposition by
jenis penawaran kepada customer. Program yang ditawarkan                 offering a wider range of customer-oriented solutions. These
seperti pemberian program held stock sebagai after sales service,        include held stock programs as part of its after-sales services,
standby mechanic, atau full maintenance contract dengan biaya            standby mechanic support, and full maintenance contracts
yang lebih terjangkau. Memperkuat kolaborasi dengan leasing              at more competitive rates. The Company also continues to
untuk mendukung pendanaan. Disamping itu, Perseroan terus                strengthen its collaboration with leasing companies to facilitate
mengembangkan bisnis trade-in (tukar tambah unit) sebagai                customer financing. Furthermore, the Company is expanding
peluang yang mampu mendukung kinerja penjualan unit alat                 its trade-in business as a strategic initiative to support the
berat.                                                                   growth of heavy equipment sales.


JASA PENYEWAAN ALAT BERAT                                                RENTAL OF HEAVY EQUIPMENT
Setelah disahkan menjadi segmen usaha tersendiri melalui                 Following its establishment as a separate business segment
RUPS Luar Biasa di tahun 2023 lalu, segmen usaha jasa                    through the Extraordinary General Meeting of Shareholders
penyewaan alat berat menawarkan jasa penyewaan alat berat                in 2023, the heavy equipment rental services segment offers
untuk berbagai sektor industri serta paket penyewaan alat                equipment rental services to various industry sectors, as well as
berat beserta operator.                                                  rental packages that include operators.


Untuk dapat memanfaatkan peluang di tengah kondisi bisnis                To capture opportunities amid challenging business conditions,
yang menantang, Perseroan menawarkan skema Rent-to-Buy                   the Company offers a Rent-to-Buy scheme as one solution for
sebagai salah satu solusi bagi pelanggan untuk memiliki unit             customers to own Hitachi excavator units with a lighter and
excavator Hitachi dengan investasi yang lebih ringan dan                 more competitive investment. The Company also continues to
kompetitif. Perseroan juga terus berupaya menjalin kerja sama            pursue partnerships with a number of financing companies to
dengan sejumlah perusahaan pembiayaan untuk menawarkan                   offer various conveniences for customers.
berbagai kemudahan bagi pelanggan.


Kinerja Tahun Buku 2025                                                  Fiscal Year 2025 Performance
Di tengah berbagai tantangan yang dihadapi, segmen usaha                 Amid the various challenges encountered, the heavy equipment
jasa penyewaan alat berat terus menunjukkan pertumbuhan                  rental business segment continued to demonstrate growth over
dalam beberapa tahun terakhir. Pada tahun buku 2025, jumlah              the past several years. In fiscal year 2025, the number of rented
unit yang disewakan mencapai 27 unit. Jumlah ini meningkat               units reached 27 units, increasing from 25 units in the previous
dari tahun sebelumnya yang sebanyak 25 unit. Peningkatan ini             year. This growth was primarily driven by customers' demand
terutama didorong oleh kebutuhan pelanggan akan fleksibilitas            for greater operational flexibility and the optimization of heavy
operasional serta optimalisasi biaya investasi alat berat.               equipment investment costs.


Profitabilitas Tahun Buku 2025                                           Fiscal Year 2025 Profitability
                                                                                                Kenaikan (Penurunan)
                                                                                                   FY2024-FY2025
                                                                                                   Increase (Decrease)
         Penyewaan Alat Berat                Satuan                                                  FY2024-FY2025
                                                        FY2025               FY2024
         Heavy Equipment Type                 Unit
                                                                                                               Persentase
                                                                                               Nominal          Percentage
                                                                                                                   (%)
 Penghasilan
                                              USD            9.696.415         14.672.997       (4.976.582)              (33,9)
 Revenues
 Beban Pokok Penghasilan
                                              USD            5.078.347          7.723.976       (2.645.629)              (34,3)
 Cost of Revenues
 Laba Bruto
                                              USD            4.618.068          6.949.021       (2.330.953)              (33,5)
 Gross Profit
 Marjin Laba Bruto
                                               %                47,6%              47,4%                  -                   -
 Gross Profit Margin




2025 Annual Report & Sustainability Report                          95                                             PT Hexindo Adiperkasa Tbk

Page 96
 Ikhtisar 2025 | 2025 Highlights                                                       Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                 Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                   Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Segmen jasa penyewaan alat berat mencatatkan penurunan                                 The heavy equipment rental services segment recorded a
kinerja pada tahun buku 2025, dengan pendapatan turun                                  decline in performance in fiscal year 2025, with revenue down
33,9% menjadi USD9,7 juta dibandingkan USD14,7 juta                                    33.9% to USD9.7 million compared to USD14.7 million in the
pada tahun sebelumnya. Sejalan dengan penurunan tersebut,                              previous year. In line with this decline, the segment's gross
laba bruto segmen menurun menjadi USD4,6 juta. Namun                                   profit decreased to USD4.6 million. Nevertheless, gross profit
demikian, marjin laba bruto tetap terjaga pada level 47,6%,                            margin remained steady at 47.6%, slightly higher than 47.4% in
sedikit lebih tinggi dibandingkan 47,4% pada tahun buku                                fiscal year 2024, making it the segment with the highest margin
2024, menjadikannya segmen dengan tingkat marjin tertinggi                             among all of the Company's business lines. Although revenue
di antara seluruh lini usaha Perseroan. Meskipun pendapatan                            contracted, the segment's operating profit increased to USD4.4
mengalami         kontraksi,       laba     usaha      segmen         meningkat        million compared to USD3.3 million in the previous year,
menjadi USD4,4 juta dibandingkan USD3,3 juta pada tahun                                reflecting the effectiveness of operating cost management and
sebelumnya, mencerminkan efektivitas pengelolaan biaya                                 the segment's continued strong profitability amid declining
operasional dan tetap kuatnya profitabilitas segmen di tengah                          rental activity.
penurunan aktivitas penyewaan.


Rencana Tahun Buku 2026                                                                Fiscal Year 2026 Plan
Dalam kondisi ekonomi yang tidak menentu, banyak                                       Amid uncertain economic conditions, many companies have
Perusahaan yang melakukan efisiensi dan penundaan investasi                            adopted cost-efficiency measures and postponed investments in
akan alat berat. Dengan masih tingginya kebutuhan akan alat                            heavy equipment. Nevertheless, the continued demand for heavy
berat dalam mendukung operasional berbagai sektor serta                                equipment to support operations across various industries and
proyek strategis nasional, hal ini justru menciptakan peluang                          National Strategic Projects has created new opportunities in the
baru berupa bisnis penyewaan alat berat. Oleh karena itu                               heavy equipment rental business. Accordingly, the Company
Perseroan berupaya untuk terus melakukan penetrasi pasar                               will continue to strengthen its market penetration by offering
dengan menawarkan berbagai skema sewa alat berat yang lebih                            a range of more attractive and flexible heavy equipment rental
menarik.                                                                               schemes tailored to customers’ needs.


PENJUALAN SUKU CADANG                                                                  SALES OF SPARE PARTS
Untuk mendukung usahanya, Perseroan juga menyediakan                                   To support its business, the Company also provides genuine,
suku cadang orisinal, aksesori, dan consumables yang                                   warrantied, and high-quality spare parts, accessories, and
berkualitas dan bergaransi sebagai bentuk layanan purna                                consumables as a form of after-sales service to support the
jual untuk mendukung keandalan alat berat yang telah dijual                            reliability of heavy equipment already sold to customers.
kepada pelanggan. Dengan dukungan principal, Perseroan                                 With the support of its principals, the Company supplies
telah memasok berbagai varian unit alat berat dengan berbagai                          a wide range of heavy equipment units with various types
jenis suku cadang ke seluruh Indonesia. Perseroan telah                                of spare parts throughout Indonesia. The Company has an
memiliki jaringan suku cadang yang luas melalui jaringan                               extensive spare parts network through the HCM Japan group
grup HCM Jepang, hal ini dimaksudkan agar setiap kebutuhan                             network, ensuring that customer spare parts needs anywhere
pelanggan akan suku cadang dimanapun di wilayah Indonesia                              in Indonesia can be met within a short period of time. The
dapat terpenuhi dalam waktu yang singkat. Perseroan juga                               Company also has a network of representative offices and
memiliki jaringan kantor perwakilan dan kantor proyek yang                             project offices spread across Indonesia.
tersebar di seluruh Indonesia.


Selain itu, sistem inventory Perseroan juga telah terhubung                            In addition, the Company's inventory system is also connected
dengan pusat distribusi suku cadang grup HCM Jepang                                    to the HCM Japan group's spare parts distribution center, so
sehingga informasi mengenai ketersediaan, status pesanan,                              that information regarding availability, order status, and other
dan informasi penting lainnya terkait suku cadang dapat                                important information related to spare parts can be easily
diakses dengan mudah.                                                                  accessed.




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Perseroan juga memiliki program remanufaktur yang dapat                         The Company also has a remanufacturing program that can
merekondisi, menguji, dan menjual kembali komponen lama                         recondition, test, and resell used components at a quality
dengan kualitas yang mendekati komponen baru. Dengan                            approaching that of new components. With comprehensive
kontrol kualitas yang menyeluruh, Perseroan menjamin                            quality control, the Company guarantees that reconditioned
kualitas komponen rekondisi telah memenuhi spesifikasi                          components meet standard specifications. The remanufacturing
standar.     Layanan       remanufaktur      dapat    menjadi     solusi        service can be a solution for customers to reduce engine
pelanggan untuk mengurangi biaya perbaikan mesin dan                            repair costs and minimize the environmental impact of heavy
meminimalisir dampak limbah alat berat terhadap lingkungan.                     equipment waste. To make it easier for customers to order
Untuk memberikan kemudahan bagi pelanggan dalam                                 spare parts, the Company has developed the Part & ConSite
memesan suku cadang, Perseroan telah mengembangkan Part                         ISF (Intelligent Service Part Finder) online webshop to help
& ConSite ISF (Intelligent Service Part Finder) online webshop                  customers plan the right repairs, thereby minimizing heavy
untuk membantu memudahkan pelanggan menyusun rencana                            equipment idle time. The Company has developed its online
perbaikan yang tepat sehingga meminimalisir waktu idle alat                     sales system to be closer to consumers and to expand its market
berat. Perseroan mengembangkan sistem penjualan online agar                     reach without limits. In addition to hexindopart.com and
lebih dekat dengan konsumen dan memperluas jangkauan                            ConSite ISF, customers can also purchase spare parts through
pasar tanpa batas. Selain di hexindopart.com dan ConSite ISF,                   blibli.com.
pelanggan dapat membeli suku cadang melalui blibli.com.


Kinerja Tahun Buku 2025                                                         Fiscal Year 2025 Performance
Kinerja segmen penjualan suku cadang tidak dapat dipisahkan                     The performance of the spare parts sales segment cannot
dengan kinerja segmen Jasa Pemeliharaan dan Perbaikan.                          be separated from the performance of the Repair and
Sebagian rencana aksi dalam inisiatif strategi Perusahaan                       Maintenance Services segment. Some of the action plans
seperti program promosi bertujuan untuk mendorong                               under the Company's strategic initiatives, such as promotional
penjualan suku cadang dan consumable seperti komponen,                          programs, aim to drive sales of spare parts and consumables
pelumas, filter, undercarriage, GET (Ground Engaging Tools),                    such as components, lubricants, filters, undercarriage, GET
hose, dan non-moving parts.                                                     (Ground Engaging Tools), hoses, and non-moving parts.


                                                                                                     Kenaikan (Penurunan)
                                                                                                        FY2024-FY2025
                                                                                                         Increase (Decrease)
     Penjualan Suku Cadang                   Satuan                                                        FY2024-FY2025
                                                           FY2025                  FY2024
            Spare Parts Sales                 Unit
                                                                                                                     Persentase
                                                                                                     Nominal          Percentage
                                                                                                                         (%)
 Penghasilan
                                              USD               83.507.421          107.930.829      (24.423.408)              (22,6)
 Revenues
 Beban Pokok Penghasilan
                                              USD               55.981.592           68.545.493      (12.563.901)              (18,3)
 Cost of Revenues
 Laba Bruto
                                              USD               27.525.829           39.385.336      (11.859.507)              (30,1)
 Gross Profit
 Marjin Laba Bruto
                                               %                    33,0%                36,5%                  -                   -
 Gross Profit Margin



Segmen penjualan suku cadang mencatatkan penurunan                              The spare parts sales segment recorded a decline in
kinerja pada tahun buku 2025, dengan pendapatan turun                           performance in fiscal year 2025, with revenue down 22.6%
22,6% menjadi USD83,5 juta dibandingkan USD107,9 juta                           to USD83.5 million compared to USD107.9 million in the
pada tahun sebelumnya. Kontribusi segmen ini terhadap total                     previous year. This segment's contribution to the Company's
pendapatan Perseroan turut menurun menjadi 16,2% dari                           total revenue also decreased to 16.2% from 20.6% in fiscal
20,6% pada tahun buku 2024. Penurunan pendapatan tersebut                       year 2024. The decline in revenue was followed by a decrease
diikuti oleh menurunnya laba bruto menjadi USD27,5 juta,                        in gross profit to USD27.5 million, compressing gross profit
sehingga marjin laba bruto terkompresi dari 36,5% menjadi                       margin from 36.5% to 33.0%. Nevertheless, this segment
33,0%. Meskipun demikian, segmen ini tetap menjadi salah                        remains one of the Company's main profitability contributors,
satu kontributor profitabilitas utama Perseroan dengan laba                     with operating profit of USD22.6 million. The spare parts



2025 Annual Report & Sustainability Report                                 97                                             PT Hexindo Adiperkasa Tbk

Page 98
 Ikhtisar 2025 | 2025 Highlights                                           Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                     Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                       Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




usaha sebesar USD22,6 juta. Kinerja segmen suku cadang                     segment's performance continued to be supported by strong
masih ditopang oleh operasional di luar Pulau Jawa yang                    profitability from operations outside Java, while the Java region
mencatatkan profitabilitas yang kuat, sementara wilayah Jawa               faced pressures that affected the segment's overall performance
menghadapi tekanan yang memengaruhi kinerja segmen                         throughout fiscal year 2025.
secara keseluruhan sepanjang tahun buku 2025.


Rencana Tahun Buku 2026                                                    Fiscal Year 2026 Plan
Dalam mengoptimalkan kinerja segmen penjualan suku                         To optimize the performance of its spare parts sales segment,
cadang, Perseroan akan melakukan penambahan varian                         the Company will expand its product portfolio by introducing
suku cadang dengan terus mengupayakan pemberian                            additional spare parts variants while continuing to offer more
harga yang lebih kompetitif. Perseroan juga akan berupaya                  competitive pricing. The Company will also seek to maximize
mengoptimalkan penjualan attachment, tire, MTU engine dan                  sales of attachments, tires, MTU engines, and other related
lain-lain. Selain itu, Perseroan juga memperkuat penjualan                 products. In addition, the Company is strengthening its sales
melalui e-commerce. Hal ini diharapkan akan mampu                          channels through e-commerce platforms to enhance customer
meningkatkan kinerja segmen penjualan suku cadang pada                     accessibility and improve market reach. These initiatives are
tahun mendatang                                                            expected to drive stronger performance in the spare parts sales
                                                                           segment in the coming year.


JASA PEMELIHARAAN DAN PERBAIKAN                                            REPAIR AND MAINTENANCE SERVICES
Segmen usaha Jasa Pemeliharaan dan Perbaikan menawarkan                    The Repair and Maintenance Services segment offers
layanan perawatan agar alat berat yang dimiliki pelanggan                  maintenance services to keep customers' heavy equipment
selalu dalam kondisi prima dan mengoptimalkan umur pakai                   in optimal condition and to maximize its useful life. The
alat berat. Bentuk layanan pemeliharaan dan perbaikan yang                 maintenance and repair services offered include the SPE
ditawarkan antara lain program SPE (Service Part Engineering)              (Service Part Engineering) program, which involves regular
yang berupa kunjungan mekanik Perseroan secara berkala ke                  visits by the Company's mechanics to customer project sites to
lokasi proyek pelanggan untuk melakukan inspeksi alat berat.               inspect heavy equipment.


Selain itu, Perseroan juga menawarkan program CBM (ConSite-                In addition, the Company also offers the CBM (ConSite-based
base Maintenance), yakni pemantauan kondisi aktual alat                    Maintenance) program, which monitors the actual condition
berat untuk menentukan jenis pemeliharaan yang diperlukan.                 of heavy equipment to determine the type of maintenance
Disamping itu, Perseroan juga mengikutsertakan program                     required. The Company also includes the CPM (ConSite
CPM (ConSite Preventive Maintenance) sebagai bagian dari                   Preventive Maintenance) program as part of unit sales, so
penjualan unit sehingga selain mendapatkan unit baru                       that in addition to receiving a new unit, customers also
pelanggan juga memperoleh paket jasa inspeksi, perawatan,                  receive a package of inspection, maintenance, and spare parts
dan penggantian suku cadang dalam periode tertentu.                        replacement services for a certain period.


Upaya tersebut bertujuan untuk memperluas potensi penjualan                These efforts aim to expand the potential for spare parts sales
suku cadang beserta jasa pemeliharaan dan perbaikan selain                 together with repair and maintenance services, in addition to
sebagai bagian dari layanan purna jual yang ditawarkan                     being part of the after-sales service offered by the Company.
Perseroan.


Kinerja Tahun Buku 2025                                                    Fiscal Year 2025 Performance
Kinerja segmen Jasa Pemeliharaan dan Perbaikan menghadapi                  The Maintenance and Repair Services segment faced
tekanan pada tahun buku 2025. Sejumlah pelanggan utama                     significant pressure during fiscal year 2025. Several of the
Perseroan di sektor pertambangan, yang menjadi kontributor                 Company's key customers in the mining sector, which are
penting terhadap pendapatan segmen ini, melakukan                          major contributors to this segment's revenue, reduced their
pengurangan biaya operasional sebagai dampak penurunan                     operating costs in response to declining commodity prices. In
harga komoditas. Selain itu, pelanggan memilih untuk                       addition, customers opted to extend equipment service life by
memperpanjang masa pakai mesin dengan menerapkan                           implementing a run-to-failure strategy for major components
strategi run-to-failure pada komponen utama guna menekan                   to reduce maintenance costs. Some customers also developed


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biaya pemeliharaan. Beberapa pelanggan juga mengembangkan            in-house remanufacturing facilities as part of their cost-
fasilitas remanufaktur internal sebagai bagian dari upaya            efficiency initiatives.
efisiensi biaya.


                                                                                               Kenaikan (Penurunan)
                                                                                                  FY2024-FY2025
                                                                                                   Increase (Decrease)
  Pemeliharaan dan Perbaikan                 Satuan                                                  FY2024-FY202
                                                      FY2025              FY2024
        Maintenance and Repair                Unit
                                                                                                               Persentase
                                                                                               Nominal          Percentage
                                                                                                                   (%)
 Penghasilan
                                              USD      83.000.454           82.417.500             582.954                 0,7
 Revenues
 Beban Pokok Penghasilan
                                              USD      51.164.827           45.391.301           5.773.526                12,7
 Cost of Revenues
 Laba Bruto
                                              USD      31.835.627           37.026.199          (5.190.572)              (14,0)
 Gross Profit
 Marjin Laba Bruto
                                               %           38,4%                44,9%                     -                   -
 Gross Profit Margin



Segmen jasa pemeliharaan dan perbaikan mencatatkan kinerja           The repair and maintenance services segment recorded
yang relatif stabil pada tahun buku 2025, dengan pendapatan          relatively stable performance in fiscal year 2025, with revenue
tumbuh 0,7% menjadi USD83,0 juta dibandingkan USD82,4                growing 0.7% to USD83.0 million compared to USD82.4
juta pada tahun sebelumnya. Kontribusi segmen ini terhadap           million in the previous year. This segment's contribution
total pendapatan Perseroan meningkat menjadi 16,1% dari              to the Company's total revenue increased to 16.1% from
15,8%, mencerminkan pentingnya bisnis purna jual dalam               15.8%, reflecting the importance of the after-sales business in
mendukung keberlanjutan kinerja Perseroan. Meskipun                  supporting the sustainability of the Company's performance.
demikian, kenaikan beban pokok penghasilan yang lebih                Nevertheless, an increase in cost of revenues that outpaced
tinggi dibandingkan pertumbuhan pendapatan menyebabkan               revenue growth caused gross profit to decline to USD31.8
laba bruto turun menjadi USD31,8 juta, dengan marjin laba            million, with gross profit margin narrowing from 44.9% to
bruto menurun dari 44,9% menjadi 38,4%. Di tengah tekanan            38.4%. Amid this pressure, the segment still recorded solid
tersebut, segmen ini tetap membukukan laba usaha yang solid          operating profit of USD22.3 million, relatively comparable to
sebesar USD22,3 juta, relatif setara dengan USD22,9 juta pada        USD22.9 million in fiscal year 2024, supported by effective
tahun buku 2024, didukung oleh pengelolaan biaya operasional         operating cost management and continued strong demand for
yang efektif serta tetap kuatnya permintaan terhadap layanan         heavy equipment maintenance and repair services.
pemeliharaan dan perbaikan alat berat.


Rencana Tahun Buku 2026                                              Fiscal Year 2026 Plan
Sebagai upaya untuk meningkatkan segmen usaha jasa                   To strengthen the performance of its maintenance and repair
pemeliharaan dan perbaikan, Perseroan akan menawarkan                services segment, the Company will offer customers a wider
berbagai pilihan skema pemeliharaan dan perbaikan yang               range of attractive and flexible maintenance and repair
menarik dan beragam bagi pelanggan. Selain itu, Implementasi         schemes. In addition, the Company will continue to implement
rencana aksi strategi inisiatif Perusahaan yang akan terus           its strategic initiatives more intensively and proactively through
dilakukan dengan lebih intensif dan agresif seperti program          promotional programs, component remanufacturing, and
promosi, remanufaktur komponen dan lain-lain. Target                 other value-added services. Routine inspections and condition
inspeksi dan pemantauan rutin kondisi alat berat pelanggan           monitoring of customers’ heavy equipment through Service
melalui aktivitas Service Parts Engineering (SPE), Condition-        Parts Engineering (SPE), Condition-Based Maintenance
Based Maintenance (CBM) dan ConSite Support System masih             (CBM), and the ConSite Support System will remain the
akan menjadi main tools Perseroan untuk meningkatkan rasio           Company’s primary tools for increasing service transactions in
transaksi di tahun mendatang.                                        the coming year.




2025 Annual Report & Sustainability Report                      99                                                 PT Hexindo Adiperkasa Tbk

Page 100
 Ikhtisar 2025 | 2025 Highlights                                                      Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                  Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Tinjauan Kinerja Keuangan
Financial Performance Overview



Informasi tinjauan keuangan yang disajikan dalam Laporan                              The financial review information presented in this Annual
Tahunan ini mengacu kepada Laporan Keuangan PT Hexindo                                Report refers to the Financial Statements of PT Hexindo
Adiperkasa Tbk untuk tahun yang berakhir pada tanggal 31                              Adiperkasa Tbk for the year ended March 31, 2026, which have
Maret 2026 yang telah diaudit oleh Kantor Akuntan Publik                              been audited by the Public Accounting Firm Purwanto Susanti
Purwanto Susanti dan Surja sesuai dengan Laporan Audit                                dan Surja in accordance with Audit Report No. 01875/2.1505/
No.       01875/2.1505/AU.1/05/1810-2/1/VI/2026                       ,   dengan      AU.1/05/1810-2/1/VI/2026, expressing an opinion that the
opini wajar, dalam semua hal yang material, posisi keuangan                           financial statements present fairly, in all material respects, the
Perseroan tanggal 31 Maret 2026, serta kinerja keuangan dan                           Company's financial position as of March 31, 2026, and its
arus kasnya untuk tahun yang berakhir pada tanggal tersebut,                          financial performance and cash flows for the year then ended, in
sesuai dengan Standar Akuntansi Keuangan di Indonesia.                                accordance with Indonesian Financial Accounting Standards.
Pembahasan kinerja keuangan Perseroan juga disampaikan                                The discussion of the Company's financial performance is also
dengan memperhatikan penjelasan pada catatan Laporan                                  presented with reference to the explanations in the Notes to
Keuangan sebagai bagian yang tidak terpisahkan dari Laporan                           the Financial Statements, which form an integral part of this
Tahunan ini.                                                                          Annual Report.


LAPORAN POSISI KEUANGAN                                                               STATEMENT OF FINANCIAL POSITION
Kinerja Posisi Keuangan Periode FY2024 – FY2025
Financial Position Performance, Period FY2024 – FY2025
                                                                                                                Kenaikan (Penurunan)
                                                                                                                   FY2024-FY2025
                                                                                                                     Increase (Decrease)
                      Uraian                                   FY2025                FY2024                            FY2024-FY2025
                     Description                                 (USD)                   (USD)
                                                                                                                                      Persentase
                                                                                                               Nominal                  Percentage
                                                                                                                   (USD)
                                                                                                                                           (%)
 Aset
 Assets
 Jumlah Aset
                                                                 407.032.485             456.960.110             (49.927.625)                 (10,9)
 Total Assets
 Liabilitas dan Ekuitas
 Liabilities and Equity
 Jumlah Liabilitas
                                                                 242.032.365             285.899.104             (43.866.739)                 (15,3)
 Total Liabilities
 Jumlah Ekuitas
                                                                 165.000.120             171.061.006               (6.060.886)                 (3,5)
 Total Equity
 Jumlah Liabilitas dan Ekuitas
                                                                 407.032.485             456.960.110             (49.927.625)                 (10,9)
 Total Liabilities and Equity


Aset                                                                                  Asset
                                                                                                                          Kenaikan (Penurunan)
                                                  FY2025                                  FY2024                             FY2024-FY2025
                                                                                                                              Increase (Decrease)
            Uraian                                                                                                              FY2024-FY2025
          Description
                                                           Kontribusi                            Kontribusi                                 Persentase
                                       FY2025                                  FY2024                                    Nominal
                                                          Contribution                           Contribution                                Percentage
                                         USD                     %                 USD                  %                   USD                  %
 Aset Lancar
                                       356.413.660                     87,6    395.100.949                  86,5         (38.687.289)                  (9,8)
 Current Assets
 Aset Tidak Lancar
                                        50.618.825                     12,4     61.859.161                  13,5         (11.240.336)                (18,2)
 Non-Current Assets
 Jumlah Aset
                                      407.032.485                     100,0    456.960.110                100,0         (49.927.625)                 (10,9)
 Total Assets


PT Hexindo Adiperkasa Tbk                                                        100                                       Laporan Tahunan & Laporan Keberlanjutan 2025

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                                                                                                                                03

Jumlah aset Perseroan pada 31 Maret 2026 tercatat sebesar         The Company's total assets as of March 31, 2026 stood at
USD407 juta, menurun 10,9% atau senilai USD49,9 juta dari         USD407 million, a decrease of 10.9%, or USD49.9 million,
31 Maret 2025 yang sebesar USD457 juta. Penurunan tersebut        from USD457 million as of March 31, 2025. This decrease was
disebabkan oleh turunnya Aset Lancar sebesar 9,8% atau            attributable to a decline in Current Assets of 9.8%, or USD38.7
senilai USD38,7 juta serta Aset Tidak Lancar sebesar 18,2%        million, and Non-Current Assets of 18.2%, or USD11.2 million,
atau senilai USD11,2 juta sebagaimana dijelaskan di bawah ini.    as explained below.


Aset Lancar                                                       Current Assets
                                                                                        Kenaikan (Penurunan)
                                                                                           FY2024-FY2025
                                                                                           Increase (Decrease)
                          Uraian                 FY2025               FY2024                 FY2024-FY2025
                       Description                (USD)               (USD)
                                                                                                        Persentase
                                                                                        Nominal          Percentage
                                                                                         (USD)
                                                                                                            (%)
 Kas dan Bank
                                                   14.802.890           17.802.237       (2.999.347)             (16,8)
 Cash in hand and in banks
 Piutang Usaha - neto
                                                  113.420.961          156.019.163      (42.598.202)             (27,3)
 Trade receivables - net
 Piutang Non-Usaha - neto
                                                      593.799            6.144.026       (5.550.227)             (90,3)
 Non-trade receivables - net
 Piutang Derivatif
                                                      116.277             111.172              5.105               4,6
 Derivative receivables
 Persediaan
                                                  224.724.975          211.853.148        12.871.827               6,1
 Inventories
 Uang Muka
                                                    1.379.262            2.447.955       (1.068.693)             (43,7)
 Advances
 Biaya Dibayar di Muka
                                                      379.394             344.179            35.215               10,2
 Prepaid expenses
 Pajak Dibayar di Muka - neto
                                                      996.102             379.069           617.033              162,8
 Prepaid taxes - net
 Jumlah Aset Lancar
                                                  356.413.660         395.100.949       (38.687.289)              (9,8)
 Total Current Assets



Saldo aset lancar Perseroan pada 31 Maret 2026 mencapai           The Company's current assets balance as of March 31, 2026
USD356,4 juta, menurun 9,8% atau setara USD38,7 juta dari         reached USD356.4 million, a decrease of 9.8%, or the equivalent
tahun sebelumnya yang sebesar USD395,1 juta. Penurunan            of USD38.7 million, from USD395.1 million in the previous
aset lancar terutama disebabkan oleh berkurangnya saldo           year. The decline in current assets was mainly due to a decrease
piutang usaha neto dari USD156,0 juta menjadi USD113,4 juta       in net trade receivables from USD156.0 million to USD113.4
seiring dengan penerimaan pembayaran dari pelanggan, serta        million, in line with collections from customers, as well as a
penurunan piutang non-usaha.                                      decrease in non-trade receivables.


Penurunan tersebut sebagian terkompensasi oleh meningkatnya       This decrease was partly offset by an increase in the inventory
saldo persediaan barang dagang berupa alat berat dan suku         balance of merchandise, comprising heavy equipment and
cadang dari USD211,9 juta menjadi USD224,7 juta.                  spare parts, from USD211.9 million to USD224.7 million.




2025 Annual Report & Sustainability Report                      101                                          PT Hexindo Adiperkasa Tbk

Page 102
 Ikhtisar 2025 | 2025 Highlights                                                          Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                    Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                      Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Aset Tidak Lancar                                                                         Non-Current Assets
                                                                                                                       Kenaikan (Penurunan)
                                                                                                                          FY2024-FY2025
                                                                                                                           Increase (Decrease)
                       Uraian                                  FY2025                     FY2024                             FY2024-FY2025
                      Description                                (USD)                     (USD)
                                                                                                                                            Persentase
                                                                                                                   Nominal                  Percentage
                                                                                                                       (USD)
                                                                                                                                               (%)
 Aset Keuangan Tidak Lancar
                                                                       4.756.610              4.823.537                    (66.927)                 (1,4)
 Non-current financial assets
 Aset tetap - neto
                                                                      36.394.810             47.146.115                (10.751.305)                (22,8)
 Fixed assets - net
 Aset hak-guna - neto
                                                                       1.350.168              2.917.391                 (1.567.223)                (53,7)
 Right-of-use assets - net
 Aset tak berwujud - neto
                                                                       1.798.223              2.230.219                  (431.996)                 (19,4)
 Intangible assets - net
 Estimasi tagihan pajak
                                                                       1.345.655                 256.981                 1.088.674                 423,6
 Estimates claims for tax refund
 Aset pajak tangguhan - neto
                                                                       4.940.636              4.451.258                    489.378                   11,0
 Deferred tax assets -net
 Uang jaminan
                                                                         32.723                   33.660                     (937)                  (2,8)
 Security deposits
 Jumlah Aset Tidak Lancar
                                                                  50.618.825                61.859.161              (11.240.336)                   (18,2)
 Total Non-Current Assets



Jumlah aset tidak lancar Perseroan pada 31 Maret 2026                                     The Company's total non-current assets as of March 31,
mencapai USD50,6 juta, menurun 18,2% atau setara USD11,2                                  2026 reached USD50.6 million, a decrease of 18.2%, or the
juta dari tahun sebelumnya yang sebesar USD61,9 juta.                                     equivalent of USD11.2 million, from USD61.9 million in the
Penurunan tersebut utamanya disebabkan oleh berkurangnya                                  previous year. This decrease was mainly due to a decline in
saldo aset tetap neto dari USD47,1 juta menjadi USD36,4 juta,                             the net fixed assets balance from USD47.1 million to USD36.4
seiring dengan adanya reklasifikasi sebagian aset tetap menjadi                           million, in line with the reclassification of a portion of fixed
persediaan dan beban penyusutan tahun berjalan. Selain itu,                               assets to inventory and current-year depreciation expense. In
saldo aset hak-guna neto dan aset takberwujud neto juga                                   addition, the net right-of-use assets and net intangible assets
mengalami penurunan.                                                                      balances also decreased.


Liabilitas                                                                                Liabilities
                                                                                                                              Kenaikan (Penurunan)
                                                  FY2025                                    FY2024                               FY2024-FY2025
                                                                                                                                  Increase (Decrease)
            Uraian                                                                                                                  FY2024-FY2025
         Description
                                                          Kontribusi                                 Kontribusi                                Persentase
                                       FY2025                                      FY2024                                    Nominal
                                                          Contribution                               Contribution                               Percentage
                                         USD                     %                   USD                    %                   USD                  %
 Liabilitas Jangka Pendek
                                       221.698.473                     91,6        267.951.014                  93,7         (46.252.541)              (17,3)
 Short Term Liabilities
 Liabilitas Jangka Panjang
                                        20.333.892                      8,4         17.948.090                   6,3            2.385.802                13,3
 Long Term Liabilities
 Jumlah Liabilitas
                                      242.032.365                     100,0        285.899.104                100,0         (43.866.739)              (15,3)
 Total Liabilities



Jumlah liabilitas Perseroan per 31 Maret 2026 tercatat sebesar                            The Company's total liabilities as of March 31, 2026 stood at
USD242,0 juta, menurun 15,3% atau setara USD43,9 juta dari                                USD242.0 million, a decrease of 15.3%, or the equivalent of
tahun sebelumnya yang sebesar USD285,9 juta. Penurunan                                    USD43.9 million, from USD285.9 million in the previous year.
ini terutama disebabkan oleh berkurangnya liabilitas jangka                               This decrease was mainly due to a decline in current liabilities
pendek sebesar 17,3% atau senilai USD46,3 juta, yang sebagian                             of 17.3%, or USD46.3 million, which was partly offset by an
terkompensasi oleh naiknya liabilitas jangka panjang sebesar                              increase in non-current liabilities of 13.3%, or USD2.4 million,
13,3% atau senilai USD2,4 juta sebagaimana dijelaskan di                                  as explained below.
bawah ini.


PT Hexindo Adiperkasa Tbk                                                            102                                       Laporan Tahunan & Laporan Keberlanjutan 2025

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                                                                                                                                      03

Liabilitas Jangka Pendek                                                 Short Term Liabilities
                                                                                               Kenaikan (Penurunan)
                                                                                                  FY2024-FY2025
                                                                                                  Increase (Decrease)
                         Uraian                        FY2025                FY2024                 FY2024-FY2025
                       Description                     (USD)                 (USD)
                                                                                                               Persentase
                                                                                               Nominal          Percentage
                                                                                                (USD)
                                                                                                                   (%)
 Utang bank jangka pendek
                                                         93.308.350           165.242.897       (71.934.547)            (43,5)
 Short-term bank loans
 Utang usaha
                                                        104.326.097            74.485.853        29.840.244               40,1
 Trade Payable
 Utang non-usaha
                                                          2.625.113             2.577.103            48.010                1,9
 Non-trade payables
 Uang muka pelanggan
                                                          8.111.969             3.426.403         4.685.566              136,7
 Customers deposits
 Beban akrual
                                                          9.723.674            11.392.652        (1.668.978)            (14,6)
 Accrued expenses

 Liabilitas imbalan kerja jangka pendek
                                                          2.666.317             4.369.458        (1.703.141)            (39,0)
 Short-term employee benefits liability

 Utang pajak
                                                           504.831              4.995.878        (4.491.047)            (89,9)
 Tax payable
 Liabilitas sewa yang jatuh tempo dalam waktu
 satu tahun                                                371.134              1.044.469         (673.335)             (64,5)
 Current maturities of lease liabilities
 Liabilitas jangka pendek lainnya
                                                            60.988               416.301          (355.313)             (85,4)
 Other current liabilities
 Jumlah Liabilitas Jangka Pendek
                                                       221.698.473           267.951.014       (46.252.541)             (17,3)
 Total Short-Term Liabilities



Jumlah liabilitas jangka pendek Perseroan pada 31 Maret                  The Company's total current liabilities as of March 31, 2026
2026 adalah USD221,7 juta, menurun 17,3% atau senilai                    were USD221.7 million, a decrease of 17.3%, or the equivalent
USD46,3 juta dibandingkan tahun sebelumnya yang sebesar                  of USD46.3 million, compared to USD268.0 million in the
USD268,0 juta. Penurunan tersebut terutama disebabkan oleh               previous year. This decrease was mainly due to a decline in
berkurangnya utang bank jangka pendek dari USD165,2 juta                 short-term bank loans from USD165.2 million to USD93.3
menjadi USD93,3 juta seiring dengan pembayaran kembali                   million, in line with the Company's repayment of bank loans.
utang bank oleh Perseroan.


Penurunan tersebut sebagian terkompensasi oleh meningkatnya              This decrease was partly offset by an increase in trade payables
utang usaha dari USD74,5 juta menjadi USD104,3 juta serta                from USD74.5 million to USD104.3 million, as well as an
naiknya uang muka pelanggan.                                             increase in customer advances.


Liabilitas Jangka Panjang                                                Long Term Liabilities
                                                                                               Kenaikan (Penurunan)
                                                                                                  FY2024-FY2025
                                                                                                  Increase (Decrease)
                         Uraian                        FY2025                FY2024                 FY2024-FY2025
                       Description                     (USD)                 (USD)
                                                                                                               Persentase
                                                                                               Nominal          Percentage
                                                                                                 (USD)
                                                                                                                   (%)
 Liabilitas sewa-setelah dikurangi bagian yang jatuh
 tempo dalam waktu satu tahun                                  6.175             316.258          (310.083)             (98,0)
 Lease liabilities - net of current maturities
 Liabilitas imbalan pasca kerja jangka panjang
                                                         20.327.717            17.631.832         2.695.885              15,3
 Long-Term Liabilities
 Jumlah Liabilitas Jangka Panjang
                                                        20.333.892            17.948.090          2.385.802              13,3
 Total Long-Term Liabilities




2025 Annual Report & Sustainability Report                             103                                         PT Hexindo Adiperkasa Tbk

Page 104
 Ikhtisar 2025 | 2025 Highlights                                                        Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                  Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                    Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Nilai liabilitas jangka panjang Perseroan per 31 Maret 2026                             The Company's total non-current liabilities as of March 31,
tercatat sebesar USD20,3 juta, meningkat 13,3% atau senilai                             2026 stood at USD20.3 million, an increase of 13.3%, or the
USD2,4 juta dari tahun sebelumnya yang sebesar USD17,9                                  equivalent of USD2.4 million, from USD17.9 million in the
juta. Kenaikan ini terutama disebabkan oleh naiknya saldo                               previous year. This increase was mainly due to a rise in the
liabilitas imbalan paska kerja jangka panjang dari USD17,6 juta                         long-term post-employment benefits liability balance from
menjadi USD20,3 juta.                                                                   USD17.6 million to USD20.3 million.


Ekuitas                                                                                 Equity
                                                                                                                      Kenaikan (Penurunan)
                                                                                                                         FY2024-FY2025
                                                                                                                          Increase (Decrease)
                        Uraian                                        FY2025                  FY2024                        FY2024-FY2025
                      Description                                      (USD)                   (USD)
                                                                                                                                             Persentase
                                                                                                                      Nominal                 Percentage
                                                                                                                        (USD)
                                                                                                                                                 (%)
 Modal ditempatkan dan disetor penuh
                                                                        23.232.926              23.232.926                              0            0,0
 Issued and fully paid shares
 Tambahan modal disetor - neto
                                                                         7.998.836               7.998.836                              0            0,0
 Additional paid-in capital - net
 Saldo laba telah ditentukan penggunaannya
                                                                         4.646.585               4.646.585                              0            0,0
 Retained earnings appropriate
 Saldo laba belum ditentukan penggunaannya
                                                                       130.091.975             135.852.256               (5.760.281)                (4,2)
 Retained earnings unappropriate
 Penghasilan komprehensif lain
                                                                          (970.202)               (669.597)                (300.605)               (44,9)
 Other comprehensive income
 Jumlah Ekuitas
                                                                       165.000.120             171.061.006              (6.060.886)                 (3,5)
 Total Equity



Pada 31 Maret 2026, saldo ekuitas Perseroan tercatat sebesar                            As of March 31, 2026, the Company's equity balance stood
USD165,0 juta, menurun 3,5% atau senilai USD6,1 juta                                    at USD165.0 million, a decrease of 3.5%, or the equivalent of
dibandingkan tahun sebelumnya yang sebesar USD171,1                                     USD6.1 million, compared to USD171.1 million in the previous
juta. Penurunan tersebut disebabkan oleh turunnya saldo laba                            year. This decrease was due to a decline in the unappropriated
belum ditentukan penggunaannya dari USD135,9 juta menjadi                               retained earnings balance from USD135.9 million to USD130.1
USD130,1 juta, seiring dengan laba tahun berjalan sebesar                               million, in line with current-year profit of USD16.0 million
USD16,0 juta yang lebih rendah dari pembagian dividen kas                               being lower than the cash dividend distribution of USD21.7
sebesar USD21,7 juta.                                                                   million.


LAPORAN LABA RUGI DAN PENGHASILAN                                                       STATEMENT OF PROFIT OR LOSS AND OTHER
KOMPREHENSIF LAIN                                                                       COMPREHENSIVE INCOME
                                                                                                                   Kenaikan (Penurunan)
                                                                                                                      FY2024-FY2025
                                                                                                                       Increase (Decrease)
                       Uraian                                   FY2025                      FY2024                       FY2024-FY2025
                    Description                                   (USD)                     (USD)
                                                                                                                                            Persentase
                                                                                                                  Nominal                   Percentage
                                                                                                                     (USD)
                                                                                                                                               (%)
 Penghasilan Neto
                                                                  515.423.217               522.714.838               (7.291.621)                 (1,4)
 Net Revenues
 Beban Pokok Penghasilan
                                                                  425.239.963               412.414.203                12.825.760                   3,1
 Cost of Revenues
 Laba Bruto
                                                                      90.183.254            110.300.635              (20.117.381)                (18,2)
 Gross Profit
 Beban penjualan
                                                                      28.927.354             28.113.751                   813.603                   2,9
 Selling expenses
 Beban umum dan administrasi
                                                                      34.542.702             34.446.627                     96.075                  0,3
 General and administrative expenses
 Pendapatan lainnya
                                                                       2.538.161              2.274.441                   263.720                  11,6
 Other income




PT Hexindo Adiperkasa Tbk                                                             104                                    Laporan Tahunan & Laporan Keberlanjutan 2025

Page 105
                                                                                                                                                         03

                                                                                                         Kenaikan (Penurunan)
                                                                                                            FY2024-FY2025
                                                                                                               Increase (Decrease)
                        Uraian                             FY2025                  FY2024                        FY2024-FY2025
                       Description                         (USD)                   (USD)
                                                                                                                              Persentase
                                                                                                        Nominal                   Percentage
                                                                                                          (USD)
                                                                                                                                     (%)
 Beban lainnya
                                                             1.602.367                2.876.555                (1.274.188)             (44,3)
 Other expenses
 Laba Usaha
                                                            27.648.992               47.138.143           (19.489.151)                 (41,3)
 Operating Profit
 Penghasilan bunga
                                                                 242.661               200.956                     41.705               20,8
 Interest income
 Beban bunga
                                                             7.339.547                7.313.163                    26.384                 0,4
 Interest expenses
 Laba Sebelum Pajak Penghasilan
                                                            20.552.106               40.025.936           (19.473.830)                 (48,7)
 Profit Before Income Tax
 Beban pajak penghasilan - neto
                                                             4.568.987                8.964.201                (4.395.214)             (49,0)
 Income tax expense - net
 Laba Tahun Berjalan
                                                            15.983.119               31.061.735           (15.078.616)                 (48,5)
 Profit For The Year
 Jumlah Penghasilan Komprehensif Lain Tahun
 Berjalan Setelah Pajak
                                                             (300.605)                (186.952)                 (113.653)              (60,8)
 Other Comprehensive Income For The Year, Net
 of Tax
 Total Penghasilan Komprehensif Tahun
 Berjalan                                                   15.682.514               30.874.783           (15.192.269)                 (49,2)
 Total Comprehensive Income For the Year
 Laba Per Saham Dasar
                                                                  0,019                    0,037                  (0,018)              (48,6)
 Basic Earnings Per Share


Penghasilan Neto                                                                 Net Revenues
Perseroan memiliki 4 (empat) sumber penghasilan dalam                            The Company has 4 (four) sources of revenue in its business
kegiatan usahanya, yaitu penjualan alat berat, jasa penyewaan                    activities, namely sales of heavy equipment, rental of heavy
alat berat, penjualan suku cadang, dan jasa pemeliharaan dan                     equipment, sales of spare parts, and repair and maintenance
perbaikan.                                                                       services.


Sumber Pendapatan dan Kontribusinya terhadap Total Pendapatan Perseroan
Sources of Revenue and Contribution to Total Company Revenue
                                                                                                                    Kenaikan (Penurunan)
                                                        FY2025                             FY2024                      FY2024-FY2025
                                                                                                                       Increase (Decrease)
              Penghasilan                                                                                                FY2024-FY2025
                   Revenue
                                               Jumlah       Kontribusi          Jumlah         Kontribusi                            Persentase
                                                                                                                    Nominal
                                                Total       Contribution           Total       Contribution                           Percentage
                                                USD               %                USD              %                  USD                %
 Penjualan Alat Berat
                                             339.218.927              65,8    317.693.512               60,8        21.525.415                  6,8
 Sales of Heavy Equipment
 Jasa Penyewaan Alat Berat
                                               9.696.415               1,9     14.672.997                2,8        (4.976.582)            (33,9)
 Rental of Heavy Equipment
 Penjualan Suku Cadang
                                              83.507.421              16,2    107.930.829               20,6       (24.423.408)            (22,6)
 Sales of Spare Parts
 Jasa Pemeliharaan dan Perbaikan
                                              83.000.454              16,1     82.417.500               15,8           582.954                  0,7
 Repair and Maintenance Service
 Jumlah
                                             515.423.217           100,0      522.714.838            100,0         (7.291.621)              (1,4)
 Total




2025 Annual Report & Sustainability Report                                   105                                                      PT Hexindo Adiperkasa Tbk

Page 106
 Ikhtisar 2025 | 2025 Highlights                                                     Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                               Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                 Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Penghasilan neto Hexindo pada tahun buku 2025 tercatat                               Hexindo's net revenue in fiscal year 2025 stood at USD515.4
sebesar USD515,4 juta, menurun tipis 1,4% atau setara USD7,3                         million, a slight decrease of 1.4%, or the equivalent of USD7.3
juta dari tahun sebelumnya yang sebesar USD522,7 juta.                               million, from USD522.7 million in the previous year. This
Penurunan ini terutama disebabkan oleh turunnya penjualan                            decrease was mainly due to lower sales of spare parts and
suku cadang dan jasa penyewaan alat berat, yang sebagian                             heavy equipment rental services, which was largely offset by an
besar terkompensasi oleh meningkatnya penjualan alat berat                           increase in heavy equipment sales and repair and maintenance
serta jasa pemeliharaan dan perbaikan.                                               services.


Beban Pokok Penghasilan                                                              Cost of Revenues
                                                                                                                    Kenaikan (Penurunan)
                                                                                                                       FY2024-FY2025
                                                                                                                         Increase (Decrease)
                           Uraian                                     FY2025               FY2024                          FY2024-FY2025
                        Description                                   (USD)                  (USD)
                                                                                                                                       Persentase
                                                                                                                    Nominal             Percentage
                                                                                                                      (USD)
                                                                                                                                           (%)
 Penjualan Alat Berat
                                                                       313.015.197           290.753.433              22.261.764                 7,7
 Sales of Heavy Equipment
 Jasa Penyewaan Alat Berat
                                                                         5.078.347              7.723.976            (2.645.629)              (34,3)
 Rental of Heavy Equipment
 Penjualan Suku Cadang
                                                                        55.981.592             68.545.493           (12.563.901)              (18,3)
 Sales of Spare Parts
 Jasa Pemeliharaan dan Perbaikan
                                                                        51.164.827             45.391.301              5.773.526                12,7
 Repair and Maintenance Service
 Jumlah
                                                                      425.239.963            412.414.203             12.825.760                  3,1
 Total



Beban pokok penghasilan Perseroan meningkat 3,1% atau                                The Company's cost of revenues increased by 3.1%, or the
senilai USD12,8 juta, dari USD412,4 juta menjadi USD425,2                            equivalent of USD12.8 million, from USD412.4 million to
juta. Peningkatan ini terutama berasal dari naiknya beban                            USD425.2 million. This increase was mainly attributable to
pokok penjualan alat berat serta jasa pemeliharaan dan                               higher cost of revenues from heavy equipment sales and repair
perbaikan, di tengah penurunan beban pokok penjualan suku                            and maintenance services, amid a decline in cost of revenues
cadang dan jasa penyewaan. Kenaikan beban pokok di tengah                            from spare parts sales and rental services. The increase in cost
penghasilan neto yang relatif stabil mengakibatkan marjin laba                       of revenues amid relatively stable net revenue resulted in a
bruto Perseroan menurun.                                                             decline in the Company's gross profit margin.

Beban Penjualan                                                                      Selling Expenses
                                                                                                                   Kenaikan (Penurunan)
                                                                                                                      FY2024-FY2025
                                                                                                                        Increase (Decrease)
                           Uraian                                     FY2025               FY2024                         FY2024-FY2025
                        Description                                   (USD)                  (USD)
                                                                                                                                      Persentase
                                                                                                                    Nominal            Percentage
                                                                                                                      (USD)
                                                                                                                                          (%)
 Gaji, upah dan imbalan kerja karyawan
                                                                        10.283.131             10.699.285              (416.154)              (3,9)
 Salaries, wages and employee benefits
 Royalti
                                                                        10.204.890             10.408.167              (203.277)              (2,0)
 Royalty
 Servis berkala
                                                                         1.889.000              1.529.167                359.833              23,5
 Periodical service
 Inspeksi pra-penyerahan
                                                                         2.530.212              1.798.896                731.316              40,7
 Pre-delivery inspection
 Lain-lain
                                                                         4.020.121              3.678.236                341.885               9,3
 Others

 Jumlah
                                                                       28.927.354             28.113.751                 813.603               2,9
 Total




PT Hexindo Adiperkasa Tbk                                                       106                                       Laporan Tahunan & Laporan Keberlanjutan 2025

Page 107
                                                                                                                                  03

Perseroan membukukan beban penjualan sepanjang tahun                The Company recorded selling expenses of USD28.9 million
buku 2025 sebesar USD28,9 juta, meningkat 2,9% atau senilai         in fiscal year 2025, an increase of 2.9%, or the equivalent of
USD0,8 juta dari tahun sebelumnya yang sebesar USD28,1              USD0.8 million, from USD28.1 million in the previous year.
juta. Peningkatan ini terutama disebabkan oleh naiknya beban        This increase was mainly due to higher pre-delivery inspection
inspeksi pra-penyerahan dan servis berkala, yang sebagian           and periodic service expenses, which was partly offset by a
terkompensasi oleh penurunan beban gaji dan royalti.                decrease in salary and royalty expenses.


Beban Umum dan Administrasi                                         General and Administrative Expense
                                                                                           Kenaikan (Penurunan)
                                                                                              FY2024-FY2025
                                                                                              Increase (Decrease)
                         Uraian                   FY2025                FY2024                  FY2024-FY2025
                      Description                  (USD)                  (USD)
                                                                                                          Persentase
                                                                                           Nominal         Percentage
                                                                                            (USD)
                                                                                                              (%)
 Gaji, upah dan imbalan kerja karyawan
                                                       13.089.443             14.210.751    (1.121.308)             (7,9)
 Salaries, wages and employee benefits
 Penyusutan aset tetap
                                                        3.434.563              4.029.546     (594.983)          (14,8)
 Depreciation of fixed assets
 Keperluan kantor
                                                        4.316.585              3.592.750       723.835              20,1
 Office supplies
 Penyusutan aset hak-guna
                                                        2.569.767              2.659.110      (89.343)              (3,4)
 Depreciation of right-of-use assets
 Tenaga kerja honorer
                                                        2.697.953              2.597.005       100.948               3,9
 Honorary
 Asuransi
                                                        1.415.304              1.465.645      (50.341)              (3,4)
 Insurance
 Komunikasi
                                                        1.312.289              1.345.296      (33.007)              (2,5)
 Communication
 Perjalanan dinas
                                                        1.558.088              1.344.655       213.433              15,9
 Travelling
 Perbaikan dan pemeliharaan
                                                        1.058.530              1.182.940     (124.410)          (10,5)
 Repair and maintenance
 Lain-lain
                                                        3.090.180              2.018.929     1.071.251              53,1
 Others
 Jumlah
                                                       34.542.702             34.446.627        96.075               0,3
 Total



Beban umum dan administrasi Perseroan relatif stabil,               The Company's general and administrative expenses were
meningkat tipis 0,3% atau senilai USD96,1 ribu, dari USD34,4        relatively stable, increasing slightly by 0.3%, or the equivalent
juta menjadi USD34,5 juta. Kenaikan terutama berasal dari           of USD96.1 thousand, from USD34.4 million to USD34.5
beban keperluan kantor dan lain-lain, yang hampir seluruhnya        million. The increase was mainly attributable to office supplies
terkompensasi oleh penurunan beban gaji serta beban                 and other expenses, which was almost entirely offset by a
penyusutan aset tetap.                                              decrease in salary expenses and depreciation expense on fixed
                                                                    assets.




2025 Annual Report & Sustainability Report                     107                                             PT Hexindo Adiperkasa Tbk

Page 108
 Ikhtisar 2025 | 2025 Highlights                                                        Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                  Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                    Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Pendapatan Lainnya                                                                      Other Income
                                                                                                                       Kenaikan (Penurunan)
                                                                                                                          FY2024-FY2025
                                                                                                                            Increase (Decrease)
                          Uraian                                       FY2025                  FY2024                         FY2024-FY2025
                       Description                                      (USD)                   (USD)
                                                                                                                                              Persentase
                                                                                                                       Nominal                Percentage
                                                                                                                         (USD)
                                                                                                                                                 (%)
 Pendapatan klaim garansi - neto
                                                                               56.926                 741.740              (684.814)               (92,3)
 Warranty claim income - net
 Laba atas pelepasan aset tetap - neto
                                                                              220.378                 609.994              (389.616)               (63,9)
 Gain on disposal of fixed assets - net
 Pendapatan dividen kas
                                                                              527.325                 363.353                163.972                 45,1
 Cash dividends
 Pendapatan komisi
                                                                                    -                 158.124                           -                    -
 Commission income
 Pemulihan kerugian penurunan nilai piutang non-
 usaha                                                                              -                       121                         -                    -
 Recovery of impairment losses on non-trade receivables
 Laba neto selisih kurs atas aktivitas operasi
                                                                          1.307.892                           -                         -                    -
 Gain on foreign exchange of operating activities
 Lain-lain
                                                                              425.640                 401.109                 24.531                     6,1
 Others
 Jumlah
                                                                          2.538.161                2.274.441                263.720                  11,6
 Total



Perseroan mencatat pendapatan lainnya sebesar USD2,5                                    The Company recorded other income of USD2.5 million, an
juta, meningkat 11,6% atau setara USD263,7 ribu dari tahun                              increase of 11.6%, or the equivalent of USD263.7 thousand,
sebelumnya yang sebesar USD2,3 juta. Peningkatan ini                                    from USD2.3 million in the previous year. This increase was
terutama disebabkan oleh adanya laba neto selisih kurs atas                             mainly due to a net gain on foreign exchange from operating
aktivitas operasi sebesar USD1,3 juta serta naiknya pendapatan                          activities of USD1.3 million and higher cash dividend income,
dividen kas, yang sebagian terkompensasi oleh penurunan                                 which was partly offset by a decrease in warranty claim income
pendapatan klaim garansi dan tidak adanya pendapatan komisi                             and the absence of commission income this year.
pada tahun ini.


Beban Lainnya                                                                           Other Expenses
                                                                                                                    Kenaikan (Penurunan)
                                                                                                                       FY2024-FY2025
                                                                                                                         Increase (Decrease)
                        Uraian                                    FY2025                  FY2024                           FY2024-FY2025
                     Description                                      (USD)                 (USD)
                                                                                                                                            Persentase
                                                                                                                   Nominal                  Percentage
                                                                                                                     (USD)
                                                                                                                                               (%)
 Rugi neto selisih kurs atas aktivitas operasi
                                                                                -              1.975.565                        -                        -
 Loss on foreign exchange of operating activities
 Rugi atas perubahan nilai wajar derivatif, setelah
 dikurangi dengan realisasi transaksi derivatif
                                                                         788.663                 722.289                  66.374                    9,2
 Loss on changes in fair value of derivative, net with
 realization of derivative transactions
 Penyisihan kerugian kredit ekspektasian piutang
 usaha
                                                                         699.165                 128.156                571.009                   445,6
 Provision for expected credit loss on trade
 receivables
 Rugi atas penghapusan aset hak-guna
                                                                         114.539                   27.134                 87.405                  322,1
 Loss on disposal of right-of-use assets
 Beban pajak
                                                                                -                  23.411                       -                        -
 Tax expense
 Jumlah
                                                                       1.602.367               2.876.555            (1.274.188)                  (44,3)
 Total




PT Hexindo Adiperkasa Tbk                                                           108                                      Laporan Tahunan & Laporan Keberlanjutan 2025

Page 109
                                                                                                                                03

Perseroan mencatat beban lainnya sebesar USD1,6 juta,              The Company recorded other expenses of USD1.6 million, a
menurun 44,3% atau setara USD1,3 juta dari tahun                   decrease of 44.3%, or the equivalent of USD1.3 million, from
sebelumnya yang sebesar USD2,9 juta. Penurunan ini terutama        USD2.9 million in the previous year. This decrease was mainly
disebabkan oleh tidak adanya rugi neto selisih kurs pada tahun     due to the absence of a net loss on foreign exchange this year
ini (tahun sebelumnya sebesar USD2,0 juta), yang sebagian          (compared to USD2.0 million in the previous year), which was
terkompensasi oleh meningkatnya penyisihan kerugian kredit         partly offset by an increase in the provision for expected credit
ekspektasian piutang usaha.                                        losses on trade receivables.


Penghasilan (Beban) Bunga                                          Interest Income (Expenses)
Pada tahun buku 2025, Perseroan mencatat penghasilan bunga         In fiscal year 2025, the Company recorded interest income from
dari jasa giro sebesar USD242,7 ribu. Perseroan juga mencatat      current account services of USD242.7 thousand. The Company
beban bunga sebesar USD7,3 juta yang berasal dari bunga            also recorded interest expense of USD7.3 million, arising from
atas utang bank dan liabilitas sewa, relatif stabil dibandingkan   interest on bank loans and lease liabilities, relatively stable
tahun sebelumnya.                                                  compared to the previous year.


Beban Pajak Penghasilan - Neto                                     Income Tax Expense - Net
Beban pajak penghasilan-neto Perseroan pada tahun buku             The Company's net income tax expense in fiscal year 2025
2025 sebesar USD4,6 juta, menurun 49,0% atau setara                was USD4.6 million, a decrease of 49.0%, or the equivalent
USD4,4 juta dari tahun sebelumnya yang sebesar USD9,0 juta.        of USD4.4 million, from USD9.0 million in the previous year.
Penurunan ini sejalan dengan berkurangnya laba sebelum             This decrease was in line with the decline in current-year profit
pajak penghasilan tahun berjalan.                                  before income tax.


Laba Tahun Berjalan                                                Profit for the Year
Perseroan membukukan laba tahun berjalan sebesar USD16,0           The Company recorded profit for the year of USD16.0
juta, menurun 48,5% atau setara USD15,1 juta dibandingkan          million, a decrease of 48.5%, or the equivalent of USD15.1
tahun sebelumnya yang sebesar USD31,1 juta. Penurunan              million, compared to USD31.1 million in the previous year.
ini terutama disebabkan oleh turunnya laba bruto akibat            This decrease was mainly due to lower gross profit resulting
kompresi marjin, seiring dengan meningkatnya beban pokok           from margin compression, in line with the increase in cost of
penghasilan di tengah penghasilan neto yang relatif stabil.        revenues amid relatively stable net revenue.


Penghasilan (Rugi) Komprehensif Lain                               Other Comprehensive Income (Loss)
Pada tahun buku 2025, Perseroan mencatat rugi komprehensif         In fiscal year 2025, the Company recorded other comprehensive
lain sebesar USD300,6 ribu yang berasal dari pengukuran            loss of USD300.6 thousand, arising from the remeasurement of
kembali atas program imbalan pasti dan perubahan nilai wajar       the defined benefit program and changes in the fair value of
investasi saham beserta pajak penghasilan tangguhan terkait.       equity investments, together with the related deferred income
                                                                   tax.
Laba Komprehensif Tahun Berjalan                                   Comprehensive Income for the Year
Perseroan membukukan laba komprehensif tahun berjalan              The Company recorded comprehensive income for the year
sebesar USD15,7 juta, menurun 49,2% atau senilai USD15,2           of USD15.7 million, a decrease of 49.2%, or the equivalent of
juta dari tahun sebelumnya yang sebesar USD30,9 juta.              USD15.2 million, from USD30.9 million in the previous year.


Laba Bersih Per Saham                                              Basic Earnings Per Share
Perseroan mencatatkan laba bersih per saham dasar pada             The Company recorded basic earnings per share of USD0.019
tahun buku 2025 sebesar USD0,019, menurun dari USD0,037            in fiscal year 2025, a decrease from USD0.037 in the previous
pada tahun sebelumnya.                                             year.




2025 Annual Report & Sustainability Report                     109                                           PT Hexindo Adiperkasa Tbk

Page 110
 Ikhtisar 2025 | 2025 Highlights                                                      Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                  Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




LAPORAN ARUS KAS                                                                      CASH FLOW STATEMENT
                                                                                                                      Kenaikan (Penurunan)
                                                                                                                         FY2024-FY2025
                                                                                                                          Increase (Decrease)
                          Uraian                                      FY2025                 FY2024                         FY2024-FY2025
                        Description                                    (USD)                  (USD)
                                                                                                                                         Persentase
                                                                                                                      Nominal             Percentage
                                                                                                                        (USD)
                                                                                                                                             (%)
 Kas Neto yang Diperoleh dari Aktivitas Operasi
                                                                       103.444.891              23.585.753               79.859.138             338,6
 Net Cash Provided by Operating Activities
 Kas Neto yang Digunakan dari Aktivitas Investasi
                                                                        (2.176.570)             (5.640.011)               3.463.441              61,4
 Net Cash Used in Investing Activities
 Kas Neto yang Digunakan untuk Aktivitas
 Pendanaan                                                            (103.937.598)           (17.010.693)             (86.926.905)           (511,0)
 Net Cash Used in Financing Activities
 Kenaikan (Penurunan) Neto Kas dan Bank
                                                                        (2.669.277)                 935.049             (3.604.326)           (385,5)
 Net Increase (Decrease) in Cash on Hand and In Banks
 Dampak Neto Perubahan Nilai Tukar atas Kas dan
 Bank
                                                                         (330.070)                (541.543)                 211.473              39,1
 Net Effect of Changes in Exchange Rates on Cash on
 Hand and In Banks
 Kas dan Bank Awal Tahun
                                                                        17.802.237              17.408.731                  393.506                2,3
 Cash on Hand and In Banks at Beginning of Year
 Kas dan Bank Akhir Tahun
                                                                        14.802.890              17.802.237              (2.999.347)             (16,8)
 Cash on Hand and In Banks at End of Year



Per 31 Maret 2026, Hexindo mencatat kas dan bank sebesar                              As of March 31, 2026, Hexindo recorded cash and cash
USD14,8 juta, menurun 16,9% atau setara USD3,0 juta dari                              equivalents of USD14.8 million, a decrease of 16.9%, or the
tahun sebelumnya yang sebesar USD17,8 juta. Penurunan                                 equivalent of USD3.0 million, from USD17.8 million in the
ini terutama disebabkan oleh meningkatnya kas neto yang                               previous year. This decrease was mainly due to an increase in
digunakan untuk aktivitas pendanaan, yang sebagian besar                              net cash used for financing activities, which was largely offset
terkompensasi oleh kuatnya kas neto yang diperoleh dari                               by strong net cash provided by operating activities.
aktivitas operasi.


Arus Kas dari Aktivitas Operasi                                                       Cash Flows from Operating Activities
                                                                                                                      Kenaikan (Penurunan)
                                                                                                                         FY2024-FY2025
                                                                                                                          Increase (Decrease)
                          Uraian                                      FY2025                 FY2024                         FY2024-FY2025
                        Description                                    (USD)                  (USD)
                                                                                                                                         Persentase
                                                                                                                      Nominal             Percentage
                                                                                                                         (USD)
                                                                                                                                             (%)
 Penerimaan dari pelanggan
                                                                       559.832.767             482.988.177               76.844.590              15,9
 Receipt from customers
 Pembayaran kepada pemasok
                                                                      (383.908.610)          (378.041.976)               (5.866.634)             (1,6)
 Payment to suppliers
 Pembayaran untuk gaji, upah dan kesejahteraan
 karyawan                                                              (33.762.995)           (33.690.271)                  (72.724)             (0,2)
 Payment for salaries, wages and benefits
 Pembayaran untuk beban usaha
                                                                       (31.200.512)           (31.366.497)                   165.985               0,5
 Payment for operating expenses
 Kas neto yang diperoleh dari operasi
                                                                       110.960.650              39.889.433               71.071.217             178,2
 Nest cash generated from operations
 Penerimaan dari penghasilan bunga
                                                                           242.661                  200.956                   41.705             20,8
 Receipt of interest income
 Pembayaran pajak penghasilan
                                                                        (9.117.722)             (9.114.837)                   (2.885)            (0,0)
 Payment of income taxes
 Pembayaran untuk kegiatan usaha lainnya
                                                                         1.359.302              (7.389.799)                8.749.101            118,4
 Payment of other operating activities
 Kas neto yang diperoleh dari aktivitas operasi
                                                                       103.444.891              23.585.753               79.859.138             338,6
 Net cash provided by operating activities




PT Hexindo Adiperkasa Tbk                                                       110                                        Laporan Tahunan & Laporan Keberlanjutan 2025

Page 111
                                                                                                                                      03

Pada tahun buku 2025, Perseroan mencatat kas neto yang               In fiscal year 2025, the Company recorded net cash provided by
diperoleh dari aktivitas operasi sebesar USD103,4 juta,              operating activities of USD103.4 million, a significant increase
meningkat signifikan 338,6% atau setara USD79,9 juta                 of 338.6%, or the equivalent of USD79.9 million, compared to
dibandingkan tahun sebelumnya yang sebesar USD23,6 juta.             USD23.6 million in the previous year. This increase was mainly
Peningkatan ini terutama disebabkan oleh naiknya penerimaan          due to higher cash receipts from customers, which rose from
kas dari pelanggan dari USD483,0 juta menjadi USD559,8 juta.         USD483.0 million to USD559.8 million.


Arus Kas dari Aktivitas Investasi                                    Cash Flows from Investing Activities
                                                                                                  Kenaikan (Penurunan)
                                                                                                     FY2024-FY2025
                                                                                                     Increase (Decrease)
                            Uraian                     FY2025                FY2024                    FY2024-FY2025
                          Description                   (USD)                 (USD)
                                                                                                                 Persentase
                                                                                                  Nominal         Percentage
                                                                                                    (USD)
                                                                                                                     (%)
 Hasil penjualan aset tetap
                                                              255.809               614.209         (358.400)         (58,4)
 Proceeds from sale of fixed assets
 Penerimaan dividen kas
                                                              527.325               363.353           163.972             45,1
 Receipt from cash dividends
 Perolehan aset tetap
                                                         (2.965.745)            (4.769.009)         1.803.264             37,8
 Acquisition of fixed assets
 Perolehan aset takberwujud
                                                              (1.244)           (1.848.564)         1.847.320             99,9
 Acquisition of intangible assets
 Penerimaan dari pelepasan aset hak-guna
                                                                7.285                      -            7.285                    -
 Proceeds from disposal of right-of-use assets
 Kas neto yang digunakan untuk aktivitas investasi
                                                         (2.176.570)            (5.640.011)         3.463.441             61,4
 Net cash used in investing activities



Sepanjang tahun buku 2025, kas neto yang digunakan                   Throughout fiscal year 2025, net cash used by the Company
Perseroan untuk aktivitas investasi sebesar USD2,2 juta,             for investing activities amounted to USD2.2 million, a decrease
menurun 61,4% atau setara USD3,5 juta dari tahun sebelumnya          of 61.4%, or the equivalent of USD3.5 million, from USD5.6
yang sebesar USD5,6 juta. Penurunan ini terutama disebabkan          million in the previous year. This decrease was mainly due
oleh berkurangnya pengeluaran untuk perolehan aset tetap             to lower expenditure on the acquisition of fixed assets and
dan aset tak berwujud.                                               intangible assets.

Arus Kas dari Aktivitas Pendanaan                                    Cash Flows from Financing Activities
                                                                                                Kenaikan (Penurunan)
                                                                                                   FY2024-FY2025
                                                                                                    Increase (Decrease)
                           Uraian                    FY2025                FY2024                     FY2024-FY2025
                        Description                   (USD)                 (USD)
                                                                                                                Persentase
                                                                                                Nominal         Percentage
                                                                                                  (USD)
                                                                                                                   (%)
 Penerimaan dari utang bank
                                                      144.824.732            344.009.887       (199.185.155)         (57,9)
 Proceeds from short-term bank loans

 Pembayaran utang bank jangka pendek
                                                     (217.588.310)         (312.021.015)         94.432.705               30,3
 Payment of short-term bank loans

 Pembayaran dividen kas
                                                      (21.743.400)          (38.998.315)         17.254.915               44,2
 Payment if cash dividends
 Pembayaran beban bunga
                                                       (7.249.039)           (7.313.163)             64.124                0,9
 Payment of interest expenses
 Pembayaran liabilitas sewa
                                                       (2.181.581)           (2.688.087)            506.506               18,8
 Payment of lease liabilities
 Kas neto yang digunakan untuk aktivitas pendanaan
                                                     (103.937.598)          (17.010.693)        (86.926.905)        (511,0)
 Net cash used in financing activities




2025 Annual Report & Sustainability Report                     111                                                 PT Hexindo Adiperkasa Tbk

Page 112
 Ikhtisar 2025 | 2025 Highlights                                                       Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                 Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                   Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Perseroan mencatat kas neto yang digunakan untuk aktivitas                             The Company recorded net cash used for financing activities
pendanaan pada tahun buku 2025 sebesar USD103,9                                        in fiscal year 2025 of USD103.9 million, a significant increase
juta, meningkat signifikan dari USD17,0 juta pada tahun                                from USD17.0 million in the previous year. This increase was
sebelumnya. Peningkatan ini terutama disebabkan oleh                                   mainly due to net repayment of short-term bank loans and the
pembayaran kembali utang bank jangka pendek secara                                     payment of cash dividends, in line with the Company's strategy
neto serta pembayaran dividen kas, sejalan dengan strategi                             to reduce its level of interest-bearing debt.
Perseroan menurunkan tingkat utang berbunga.




Kemampuan Menghasilkan Keuntungan
Profit Generating Ability


Dalam mengukur kemampuan menghasilkan keuntungan,                                      In measuring its profit-generating capability, the Company
Perseroan       menggunakan            beberapa         rasio     yang   dapat         uses several ratios that can be classified as profitability ratios.
digolongkan ke dalam rasio profitabilitas.


                                                                                                                                       Kenaikan (Penurunan)
                              Uraian                                         FY2025                             FY2024                    FY2024-FY2025
                                                                                                                                           Increase (Decrease)
                            Description                                          (%)                               (%)
                                                                                                                                             FY2024-FY2025
                                                                                                                                                   (%)
 Margin Laba Bruto
                                                                                   17,5                                21,1                   (3,6)
 Gross Profit Margin
 Margin Laba Usaha
                                                                                       5,4                               9,0                  (3,6)
 Operating Profit Margin
 Margin Laba Bersih
                                                                                       3,1                               5,9                  (2,8)
 Net Profit Margin
 Tingkat Pengembalian Aset
                                                                                       3,9                               6,8                  (2,9)
 Return on Assets
 Tingkat Pengembalian Ekuitas
                                                                                       9,7                             18,2                   (8,5)
 Return on Equity
 Perputaran Aset
                                                                                  119,3                               120,7                   (1,4)
 Asset Turnover


Kemampuan Perseroan dalam menghasilkan keuntungan pada                                 The Company's profit-generating capability in fiscal year 2025
tahun buku 2025 mengalami tekanan yang tercermin pada                                  came under pressure, as reflected across all key profitability
seluruh indikator profitabilitas utama, meskipun Perseroan                             indicators, although the Company continued to record a
tetap membukukan kinerja yang positif secara absolut.                                  positive performance in absolute terms. Gross profit margin
Marjin laba kotor (gross profit margin) terkoreksi dari 21,10%                         declined from 21.10% to 17.50%, reflecting a combination of
menjadi 17,50%, mencerminkan kombinasi antara pergeseran                               the shift in revenue composition toward the heavy equipment
komposisi pendapatan ke arah segmen penjualan alat berat                               sales segment — whose contribution rose from 60.8% to 65.8%
yang kontribusinya naik dari 60,8% menjadi 65,8% dari total                            of total revenue but which carries an inherently thinner margin
pendapatan namun memiliki marjin yang secara inheren lebih                             — as well as margin compression that occurred across almost
tipis, serta kompresi marjin yang terjadi hampir di seluruh lini                       all business lines, most severely in the repair and maintenance
usaha, dimana paling dalam pada segmen jasa pemeliharaan                               services segment (from 44.9% to 38.4%) and spare parts sales
dan perbaikan (dari 44,9% menjadi 38,4%) dan penjualan suku                            (from 36.5% to 33.0%).
cadang (dari 36,5% menjadi 33,0%).




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                                                                                                                                03

Tekanan berlanjut ke level operasional, di mana marjin laba        Pressure continued at the operating level, where operating
usaha turun dari 9,0% menjadi 5,4%. Penurunan pada level           profit margin fell from 9.0% to 5.4%. This decline was driven
ini murni bersumber dari kompresi laba bruto, mengingat            purely by gross profit compression, given that total operating
total beban usaha (beban penjualan dan beban umum &                expenses (selling expenses and general & administrative
administrasi) relatif terkendali dengan kenaikan gabungan          expenses) remained relatively well controlled, with a combined
hanya 1,5%, jauh di bawah laju penurunan laba bruto                increase of only 1.5%, far below the 18.2% rate of decline in
sebesar 18,2% yang mengindikasikan disiplin pengendalian           gross profit — indicating that the Company's operating cost
biaya operasional Perseroan tetap terjaga di tengah tekanan        discipline remained intact amid revenue pressure.
pendapatan.


Penurunan justru semakin dalam pada level laba sebelum             The decline deepened further at the pre-tax profit level, which
pajak, yang terkoreksi 48,7% dari USD40,0 juta menjadi             fell 48.7% from USD40.0 million to USD20.6 million, a sharper
USD20,6 juta atau lebih tajam dibandingkan penurunan laba          decline than the 41.3% decrease in operating profit. This
usaha sebesar 41,3%. Divergensi ini terjadi karena beban bunga     divergence occurred because the Company's interest expense
Perseroan relatif tetap (USD7,3 juta di kedua tahun) sebagai       remained relatively fixed (USD7.3 million in both years), as
konsekuensi dari struktur utang berbunga yang baru mulai           a consequence of an interest-bearing debt structure that only
diturunkan signifikan menjelang akhir tahun buku, sehingga         began to be significantly reduced toward the end of the fiscal
beban keuangan yang bersifat tetap tersebut menyerap porsi         year, causing this fixed financing cost to absorb a much larger
yang jauh lebih besar dari laba usaha yang menyusut. Marjin        portion of the shrinking operating profit. Net profit margin also
laba bersih turut terkoreksi dari 5,9% menjadi 3,1%, dengan        declined, from 5.9% to 3.1%, with the decrease proportionally
penurunan yang secara proporsional sejalan dengan laba             in line with pre-tax profit, given that income tax expense fell
sebelum pajak, mengingat beban pajak penghasilan turun             49.0%, keeping the Company's effective tax rate relatively stable
49,0% sehingga tarif pajak efektif Perseroan relatif stabil pada   at around 22%.
kisaran 22%.


Dari perspektif imbal hasil, Return on Assets (ROA) turun          From a return perspective, Return on Assets (ROA) fell from
dari 6,8% menjadi 3,9%, sementara Return on Equity (ROE)           6.8% to 3.9%, while Return on Equity (ROE) declined from
terkoreksi dari 18,2% menjadi 9,7%. Berbeda dengan pola            18.2% to 9.7%. Unlike the typical pattern in which declining
umum di mana penurunan ROA/ROE sering diperberat oleh              ROA/ROE is often compounded by an expanding asset or equity
ekspansi basis aset atau ekuitas, pada tahun buku 2025 total       base, in fiscal year 2025 the Company's total assets and equity
aset dan ekuitas Perseroan justru menyusut masing-masing           instead contracted by 10.9% and 3.5%, respectively, in line
10,9% dan 3,5%, sejalan dengan strategi deleveraging melalui       with its deleveraging strategy through bank loan repayments
pembayaran utang bank menggunakan arus kas operasi yang            funded by strong operating cash flow. This contraction in the
kuat. Kontraksi basis aset dan ekuitas tersebut semestinya         asset and equity base should have supported return ratios;
menopang rasio imbal hasil, namun penurunan laba bersih            however, the 48.5% decline in net profit far outpaced the rate
sebesar 48,5% jauh melampaui laju penyusutan basis tersebut,       of contraction of these bases, such that ROA and ROE still
sehingga ROA dan ROE tetap terkoreksi signifikan meski basis       declined significantly despite the smaller denominator.
penyebutnya mengecil.


Perputaran aset relatif stabil, hanya turun tipis dari 120,7%      Asset turnover remained relatively stable, declining only
menjadi 119,3%, mencerminkan bahwa efisiensi Perseroan             slightly from 120.7% to 119.3%, reflecting that the Company's
dalam memanfaatkan asetnya untuk menghasilkan pendapatan           overall efficiency in utilizing its assets to generate revenue
secara umum masih terjaga.                                         remained sound.




2025 Annual Report & Sustainability Report                     113                                           PT Hexindo Adiperkasa Tbk

Page 114
 Ikhtisar 2025 | 2025 Highlights                                        Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                  Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                    Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Kemampuan Membayar Utang
Solvency



Kemampuan Perseroan dalam membayar utang dapat diukur                   The Company's debt-paying capability can be measured
melalui beberapa rasio likuiditas dan solvabilitas seperti              through several liquidity and solvency ratios as described
dijelaskan sebagai berikut:                                             below:


                                                       Uraian                                                   FY2025                  FY2024
                                                     Description
 Rasio Likuiditas
 Liquidity Ratio
 Rasio Lancar (kali)
                                                                                                                        1,6                   1,5
 Current Ratio (times)
 Rasio Cepat (kali)
                                                                                                                        0,6                   0,7
 Quick Ratio (times)
 Rasio Kas (kali)
                                                                                                                        0,1                   0,1
 Cash Ratio (times)
 Rasio Solvabilitas
 Solvency Ratio
 Rasio Liabilitas terhadap Jumlah Ekuitas (%)
                                                                                                                  146,7%                 167,1%
 Debt to Equity Ratio
 Rasio Liabilitas terhadap Jumlah Aset (%)
                                                                                                                    59,5%                  62,6%
 Debt to Assets Ratio
 Ekuitas terhadap Aset (%)
                                                                                                                    40,5%                  37,4%
 Equity Ratio
 Rasio Kemampuan Membayar Bunga (kali)
                                                                                                                        3,8                   6,4
 Interest Coverage Ratio (times)


RASIO LIKUIDITAS                                                        LIQUIDITY RATIOS
Rasio lancar Perseroan meningkat dari 1,5 kali menjadi 1,6              The Company's current ratio increased from 1.5 times to 1.6
kali. Peningkatan ini bukan disebabkan oleh pertumbuhan                 times. This increase was not due to growth in current assets
aset lancar namun sebaliknya, aset lancar justru menurun                — on the contrary, current assets actually decreased by 9.8%.
9,8%. Hal ini dikarenakan liabilitas jangka pendek menyusut             Rather, it was because current liabilities contracted more
lebih tajam, yaitu 17,3%, seiring dengan pembayaran kembali             sharply, by 17.3%, in line with the Company's repayment of
utang bank jangka pendek oleh Perseroan. Dengan kata lain,              short-term bank loans. In other words, the improvement in
perbaikan rasio lancar mencerminkan deleveraging pada sisi              the current ratio reflects deleveraging on the liabilities side, not
liabilitas, bukan penguatan pada sisi aset.                             strengthening on the assets side.


Namun demikian, rasio cepat justru bergerak berlawanan                  However, the quick ratio actually moved in the opposite
arah, turun dari 0,7 kali menjadi 0,6 kali. Divergensi ini terjadi      direction, declining from 0.7 times to 0.6 times. This divergence
karena komposisi aset lancar bergeser ke arah yang kurang               occurred because the composition of current assets shifted
likuid. Piutang usaha neto sebagai komponen aset lancar                 toward less liquid assets. Net trade receivables, as the most
paling likuid setelah kas turun tajam 27,3% dari USD156,0               liquid current asset component after cash, fell sharply by 27.3%
juta menjadi USD113,4 juta, sementara persediaan yang tidak             from USD156.0 million to USD113.4 million, while inventory
diperhitungkan dalam rasio cepat justru meningkat 6,1%                  — which is excluded from the quick ratio — actually increased
menjadi USD224,7 juta. Akibatnya, meskipun rasio lancar                 by 6.1% to USD224.7 million. As a result, although the current
membaik karena penurunan liabilitas jangka pendek yang lebih            ratio improved due to the faster decline in current liabilities,
cepat, kualitas aset lancar sebagai penyangga likuiditas jangka         the quality of current assets as a short-term liquidity buffer
pendek justru sedikit melemah. Dari sisi rasio kas relatif stabil       actually weakened slightly. The cash ratio remained relatively
pada 0,1 kali di kedua tahun, karena saldo kas dan liabilitas           stable at 0.1 times in both years, as cash balances and current
jangka pendek menurun secara proporsional.                              liabilities decreased proportionally.




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RASIO SOLVABILITAS                                               SOLVENCY RATIOS
Pada sisi solvabilitas, struktur permodalan Perseroan bergeser   On the solvency side, the Company's capital structure shifted
ke arah yang lebih konservatif. Rasio liabilitas terhadap        toward a more conservative position. The liabilities-to-equity
ekuitas turun signifikan dari 167,1% menjadi 146,7%, dan         ratio declined significantly from 167.1% to 146.7%, and the
rasio liabilitas terhadap aset turun dari 62,6% menjadi 59,5%,   liabilities-to-assets ratio fell from 62.6% to 59.5%, mirrored
berbanding terbalik dengan rasio ekuitas terhadap aset yang      by an increase in the equity-to-assets ratio from 37.4% to
naik dari 37,4% menjadi 40,5%. Perbaikan ini didorong oleh       40.5%. This improvement was driven by a 15.3% decrease in
penurunan total liabilitas sebesar 15,3%, jauh lebih cepat       total liabilities, far outpacing the 3.5% decrease in total equity
dibandingkan penurunan total ekuitas sebesar 3,5% (yang          (which was itself due to cash dividend distributions exceeding
sendiri disebabkan oleh pembagian dividen kas yang melebihi      current-year profit). This is consistent with the Company's
laba tahun berjalan). Hal ini konsisten dengan arus kas          operating cash flow, which increased sharply by 338.6% in
operasi Perseroan yang meningkat tajam 338,6% pada tahun         fiscal year 2025, most of which was allocated to accelerate
buku 2025, sebagian besar dialokasikan untuk mempercepat         the repayment of short-term bank loans, as described in the
pembayaran utang bank jangka pendek sebagaimana telah            financing cash flow section.
diuraikan pada bagian arus kas pendanaan.


Meskipun struktur neraca membaik, kemampuan membayar             Although the balance sheet structure improved, the Company's
bunga dari laba operasional justru melemah signifikan, dengan    ability to cover interest payments from operating profit
rasio kemampuan membayar bunga turun dari 6,4 kali menjadi       actually weakened significantly, with the interest coverage
3,8 kali. Penurunan ini bukan disebabkan oleh kenaikan beban     ratio declining from 6.4 times to 3.8 times. This decline was
bunga yang relatif tetap di kisaran USD7,3 juta pada kedua       not caused by an increase in interest expense, which remained
tahun, mengingat penurunan utang bank baru terjadi signifikan    relatively fixed at around USD7.3 million in both years, given
menjelang akhir tahun buku, melainkan oleh laba usaha yang       that the reduction in bank loans only became significant toward
menyusut 41,3%. Di satu sisi Perseroan berhasil memperkuat       the end of the fiscal year, but rather by the 41.3% contraction
struktur permodalannya melalui deleveraging, namun di sisi       in operating profit. On one hand, the Company succeeded in
lain kemampuan laba operasional dalam menutup kewajiban          strengthening its capital structure through deleveraging; on the
bunga tahun berjalan menipis. Meski demikian, dengan rasio       other hand, its operating profit's capacity to cover current-year
kemampuan membayar bunga yang masih berada jauh di               interest obligations narrowed. Nevertheless, with an interest
atas 1 kali, kapasitas Perseroan dalam memenuhi kewajiban        coverage ratio still well above 1 time, the Company's capacity
bunganya tetap berada pada level yang aman.                      to meet its interest obligations remains at a safe level.




2025 Annual Report & Sustainability Report                   115                                             PT Hexindo Adiperkasa Tbk

Page 116
 Ikhtisar 2025 | 2025 Highlights                                            Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                      Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                        Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Tingkat Kolektibilitas Piutang
Receivables Collectibility




                                                                                                                            Kenaikan (Penurunan)
                     Keterangan                                Satuan                                                          FY2024-FY2025
                                                                          FY2025                     FY2024
                     Description                                  Unit                                                          Increase (Decrease)
                                                                                                                                  FY2024-FY2025
 Piutang usaha
                                                                  USD      113.420.961                 156.019.163              (42.598.202)
 Trade receivables
 Perputaran Piutang                                               Kali
                                                                                    3,8                           3,9                   (0,1)
 Receivables Turnover Ratio                                      Times
 Rata-rata tingkat penagihan piutang                              Hari
                                                                                  95,4                          94,8                    (0,6)
 Average receivables collection rate                              Days



Saldo piutang usaha neto Perseroan pada akhir tahun                         The Company's net trade receivables balance at the end of
buku 2025 tercatat sebesar USD113,4 juta, menurun 27,3%                     fiscal year 2025 stood at USD113.4 million, a decrease of 27.3%
dibandingkan USD156,0 juta pada akhir tahun sebelumnya.                     compared to USD156.0 million at the end of the previous year.
Penurunan ini sejalan dengan meningkatnya penerimaan                        This decrease was in line with higher cash collections from
kas dari pelanggan sepanjang tahun, yang mencerminkan                       customers throughout the year, reflecting the effectiveness of
efektivitas pengelolaan penagihan piutang. Meskipun saldo                   the Company's receivables collection management. Although
piutang menurun signifikan, rasio perputaran piutang dan                    the receivables balance declined significantly, the receivables
rata-rata periode penagihan relatif stabil masing-masing                    turnover ratio and average collection period remained relatively
pada 3,8 kali dan 95,4 hari, menunjukkan bahwa kualitas                     stable at 3.8 times and 95.4 days, respectively, indicating that
pengelolaan piutang secara keseluruhan tetap terjaga. Di                    the overall quality of receivables management remained sound.
sisi lain, Perseroan meningkatkan cadangan kerugian kredit                  On the other hand, the Company increased its provision for
ekspektasian atas piutang usaha menjadi USD1,2 juta dari                    expected credit losses on trade receivables to USD1.2 million
USD605,3 ribu pada tahun sebelumnya sebagai langkah                         from USD605.3 thousand in the previous year, as a prudent
kehati-hatian dalam mengantisipasi risiko kredit. Manajemen                 measure to anticipate credit risk. Management believes that the
meyakini bahwa cadangan yang telah dibentuk memadai untuk                   provision established is adequate to cover potential losses from
menutup potensi kerugian akibat tidak tertagihnya piutang                   uncollectible trade receivables, such that the Company's asset
usaha, sehingga kualitas aset dan profil risiko Perseroan tetap             quality and risk profile remain well managed.
terkelola dengan baik.




Ikatan yang Material untuk Investasi Barang Modal
Material Commitments for Capital Expenditure


Pada tahun buku 2025, Perseroan tidak memiliki ikatan                       In the 2025 fiscal year, the Company had no material
material terkait investasi barang modal. Investasi barang                   commitments related to capital expenditures. All capital
modal dilakukan secara langsung menggunakan dana yang                       expenditures were carried out directly using budgeted funds.
telah dianggarkan.




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Struktur Modal dan Dasar Kebijakan Manajemen atas
Struktur Modal
Capital Structure And Management’s Policy Basis on the Capital Structure


STRUKTUR MODAL                                                        CAPITAL STRUCTURE
Tujuan utama pengelolaan modal Perseroan adalah untuk                 The primary objective of the Company's capital management is
memastikan terpeliharanya rasio permodalan yang sehat                 to ensure the maintenance of a healthy capital ratio to support
guna mendukung keberlangsungan dan pertumbuhan usaha,                 business continuity and growth, while maximizing value for
sekaligus memaksimalkan nilai bagi pemegang saham.                    shareholders. The Company's capital structure as of March 31,
Struktur modal Perseroan per 31 Maret 2026 dan 31 Maret               2026 and March 31, 2025 is described in the table below.
2025 dijelaskan dalam tabel di bawah ini.


                                                            FY2025                                          FY2024
                      Uraian                                 Persentase Terhadap                             Persentase Terhadap
                     Description             FY2025             Jumlah Modal                FY2024              Jumlah Modal
                                             (USD)          Percentage to Total Capital     (USD)           Percentage to Total Capital
                                                                       (%)                                             (%)
 Liabilitas Jangka Pendek
                                              221.698.473                 54,5                267.951.014                 58,6
 Short Term Liabilities
 Liabilitas Jangka Panjang
                                               20.333.892                  5,0                 17.948.090                  3,9
 Long Term Liabilities
 Jumlah Liabilitas
                                              242.032.365                 59,5                285.899.104                 62,6
 Total Liabilities
 Jumlah Ekuitas
                                              165.000.120                 40,5                171.061.006                 37,4
 Total Equity
 Jumlah Liabilitas dan Ekuitas
                                              407.032.485                100,0                456.960.110                100,0
 Total Liabilities and Equity
 Rasio liabilitas terhadap ekuitas
                                                            146,7%                                          167,1%
 Liability to equity ratio



Hingga akhir tahun buku 2025, struktur modal Perseroan                By the end of fiscal year 2025, the Company's capital structure
menunjukkan perbaikan dengan menurunnya proporsi                      showed improvement, with the proportion of liabilities to total
liabilitas terhadap total modal dari 62,6% menjadi 59,5%,             capital declining from 62.6% to 59.5%, while the proportion
sementara proporsi ekuitas meningkat dari 37,4% menjadi               of equity increased from 37.4% to 40.5%. This development
40,5%. Perkembangan ini sejalan dengan membaiknya rasio               is consistent with the improvement in the liabilities-to-equity
liabilitas terhadap ekuitas dari 167,1% menjadi 146,7%.               ratio from 167.1% to 146.7%. The improvement in capital
Perbaikan struktur modal terutama didorong oleh penurunan             structure was mainly driven by a decrease in current liabilities,
liabilitas jangka pendek, seiring pelunasan sebagian utang bank       in line with the partial repayment of bank loans supported
yang didukung oleh kuatnya arus kas operasional sepanjang             by strong operating cash flow throughout the year. On the
tahun. Di sisi lain, proporsi liabilitas jangka panjang meningkat     other hand, the proportion of non-current liabilities increased
sedikit, terutama terkait liabilitas imbalan pascakerja.              slightly, mainly related to post-employment benefits liabilities.
Meskipun saldo ekuitas menurun akibat pembagian dividen               Although the equity balance decreased due to cash dividend
kas, penurunan liabilitas yang lebih besar dibandingkan               distributions, the larger decrease in liabilities compared to the
penurunan ekuitas menghasilkan struktur permodalan yang               decrease in equity resulted in a healthier capital structure and
lebih sehat dan memperkuat fleksibilitas keuangan Perseroan           strengthened the Company's financial flexibility to support its
dalam mendukung kegiatan usaha ke depan.                              business activities going forward.




2025 Annual Report & Sustainability Report                       117                                             PT Hexindo Adiperkasa Tbk

Page 118
 Ikhtisar 2025 | 2025 Highlights                                                       Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                 Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                   Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




KEBIJAKAN STRUKTUR MODAL                                                               CAPITAL STRUCTURE POLICY
Perseroan menerapkan kebijakan struktur modal dengan                                   The Company implements a capital structure policy that
mengutamakan penggunaan dana internal untuk membiayai                                  prioritizes the use of internal funds to finance working capital
keperluan modal kerja dan pengembangan usaha. Kebijakan                                needs and business development. Management's policy on
manajemen atas struktur modal didasarkan guna melindungi                               capital structure is designed to protect the Company's ability
kemampuan Perseroan dalam mempertahankan kelangsungan                                  to sustain its business continuity so as to continue providing
usaha untuk dapat tetap memberikan imbal hasil yang                                    optimal returns to shareholders and broad benefits to
optimal bagi pemegang saham dan manfaat secara luas bagi                               stakeholders, while maintaining an optimal capital structure to
pemangku kepentingan, di samping mempertahankan struktur                               reduce the cost of capital.
permodalan yang optimal untuk mengurangi biaya modal.


Perseroan mengelola struktur permodalan dan melakukan                                  The Company manages its capital structure and makes
penyesuaian terhadap perubahan kondisi ekonomi. Untuk                                  adjustments in response to changes in economic conditions.
memelihara dan menyesuaikan struktur permodalan, Perseroan                             To maintain and adjust its capital structure, the Company may
dapat menyesuaikan pembayaran dividen kepada pemegang                                  adjust dividend payments to shareholders, issue new shares,
saham, menerbitkan saham baru atau mengusahakan pendanaan                              or seek financing through borrowings. The implementation of
melalui pinjaman. Penerapan kebijakan ini tercermin secara                             this policy was clearly reflected in fiscal year 2025, in which the
nyata pada tahun buku 2025, di mana Perseroan memanfaatkan                             Company leveraged the momentum of strong operating cash
momentum arus kas operasi yang kuat untuk mempercepat                                  flow to accelerate the reduction of interest-bearing liabilities,
penurunan liabilitas berbunga, sejalan dengan tujuan menjaga                           in line with the objective of maintaining an optimal capital
struktur permodalan yang optimal.                                                      structure.




Realisasi Investasi Barang Modal
Capital Expenditure Realization


Investasi barang modal atau capital expenditure (capex)                                Capital expenditure (capex) refers to the acquisition of fixed
merupakan aktivitas pembelian sejumlah aset tetap atau untuk                           assets or the enhancement of existing fixed assets expected to
menambah nilai aset tetap yang diharapkan dapat memberikan                             provide future economic benefits.
nilai manfaat di masa yang akan datang.


Investasi barang modal yang dilakukan Perseroan sepanjang                              The Company's capital expenditure activities throughout the
tahun buku 2025 dapat dilihat pada tabel berikut ini:                                  2025 fiscal year are presented in the following table:


      Investasi Barang Modal                         FY2025                                                 Tujuan Investasi
           Capital Expenditure                       (USD)                                                Investment Objectives
 Mesin                                                   145.999      Mendukung pencapaian rencana bisnis Perseroan dan menghasilkan kinerja operasional
 Machinery                                                            yang optimal
                                                                      To support the achievement of the Company's business plans and deliver optimal operational
                                                                      performance
 Kendaraan                                             1.827.195      Mendukung pencapaian rencana bisnis Perseroan dan menghasilkan kinerja operasional
 Vehicle                                                              yang optimal
                                                                      To support the achievement of the Company's business plans and deliver optimal operational
                                                                      performance
 Peralatan kantor                                        199.209      Mendukung pencapaian rencana bisnis Perseroan dan menghasilkan kinerja operasional
 Office equipment                                                     yang optimal
                                                                      To support the achievement of the Company's business plans and deliver optimal operational
                                                                      performance
 Perabotan Kantor                                         53.025      Mendukung pencapaian rencana bisnis Perseroan dan menghasilkan kinerja operasional
 Furniture and fixtures                                               yang optimal
                                                                      To support the achievement of the Company's business plans and deliver optimal operational
                                                                      performance



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                                                                                                                                                 03

         Investasi Barang Modal              FY2025                                          Tujuan Investasi
           Capital Expenditure               (USD)                                         Investment Objectives
 Peralatan pelayanan purna jual                210.971   Mendukung pencapaian rencana bisnis Perseroan dan menghasilkan kinerja operasional
 Tools for after-sales services                          yang optimal
                                                         To support the achievement of the Company's business plans and deliver optimal operational
                                                         performance
 Aset dalam penyelesaian                       529.346   Mendukung pencapaian rencana bisnis Perseroan dan menghasilkan kinerja operasional
 Construction in-progress                                yang optimal
                                                         To support the achievement of the Company's business plans and deliver optimal operational
                                                         performance
 Jumlah                                      2.965.745
 Total



Total realisasi investasi barang modal Perseroan pada tahun               Total realized capital expenditure by the Company in fiscal year
buku 2025 tercatat sebesar hampir USD3,0 juta, menurun 37,8%              2025 amounted to nearly USD3.0 million, a decrease of 37.8%
dibandingkan USD4,8 juta pada tahun buku 2024. Penurunan                  compared to USD4.8 million in fiscal year 2024. This decrease
ini konsisten dengan kas neto yang digunakan Perseroan untuk              is consistent with the net cash used by the Company for
aktivitas investasi yang juga menurun 61,4% sebagaimana                   investing activities, which also decreased by 61.4% as described
telah diuraikan pada bagian arus kas, mencerminkan sikap                  in the cash flow section, reflecting the Company's more
Perseroan yang lebih selektif dalam belanja modal di tengah               selective approach to capital expenditure amid its focus on
fokus pada penguatan likuiditas dan percepatan pembayaran                 strengthening liquidity and accelerating bank loan repayment.
utang bank.


Dari sisi komposisi, investasi kendaraan mendominasi realisasi            In terms of composition, vehicle investment dominated this
capex tahun ini dengan kontribusi 61,6% dari total investasi,             year's capex realization, contributing 61.6% of total investment,
terutama untuk pembaruan armada kendaraan operasional                     mainly for the renewal of the operational and after-sales
dan layanan purna jual. Investasi lainnya tersebar pada aset              service vehicle fleet. Other investments were spread across
dalam penyelesaian (17,8%), peralatan pelayanan purna jual                construction in progress (17.8%), after-sales service tools
(7,1%), peralatan kantor (6,7%), mesin (4,9%), dan perabotan              (7.1%), office equipment (6.7%), machinery (4.9%), and office
kantor (1,8%).                                                            furniture (1.8%).




Informasi dan Fakta Material yang Terjadi Setelah Tanggal
Laporan Akuntan
Material Information and Facts That Occurred after the Accountant’s Reporting Data


Berikut adalah informasi dan fakta material yang terjadi                  The following is material information and facts that occurred
setelah tanggal laporan akuntan dan sebelum penyampaian                   after the date of the accountant's report and prior to the
laporan tahunan tahun buku 2025:                                          submission of the 2025 fiscal year annual report:
1.    Dividen Kas dari PT Hexa Finance Indonesia                          1.    Cash Dividend from PT Hexa Finance Indonesia
      Berdasarkan Keputusan Sirkuler Pemegang Saham sebagai                     Based on the Circular Resolution of Shareholders in Lieu
      Pengganti Rapat Umum Pemegang Saham tanggal 22 Juni                       of a General Meeting of Shareholders dated June 22, 2026,
      2026, para pemegang saham PT Hexa Finance Indonesia                       the shareholders of PT Hexa Finance Indonesia approved
      menyetujui pembagian dividen kas, di mana Perseroan                       a cash dividend distribution, under which the Company
      akan menerima dividen kas sebesar Rp9.101.550.000.                        will receive a cash dividend of Rp9,101,550,000. On June
      Pada tanggal 29 Juni 2026, Perseroan telah menerima                       29, 2026, the Company received a cash dividend from
      dividen kas dari Hexa sebesar Rp9.101.550.000 (setara                     Hexa of Rp9,101,550,000 (equivalent to USD509,687).
      dengan USD509.687).




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Page 120
 Ikhtisar 2025 | 2025 Highlights                                                  Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                            Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                              Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




2.    Perubahan Susunan Direksi Perseroan                                         2.      Change in the Composition of the Company's Board of
                                                                                          Directors
      Berdasarkan keputusan Rapat Umum Pemegang Saham                                     Based on the resolution of the Company's Extraordinary
      Luar Biasa Perseroan yang diadakan pada tanggal 19 Mei                              General Meeting of Shareholders held on May 19, 2026, as
      2026, sebagaimana dinyatakan dalam Akta Notaris Gatot                               stated in Notarial Deed No. 6 of Gatot Widodo, S.E., S.H.,
      Widodo, S.E., S.H., M.Kn. No. 6 pada tanggal yang sama,                             M.Kn., dated the same date, the shareholders approved
      para pemegang saham menyetujui perubahan susunan                                    a change in the composition of the Company's Board of
      Direksi Perseroan. Perubahan ini telah diberitahukan                                Directors. This change has been notified to the Ministry of
      kepada Kementerian Hukum Republik Indonesia melalui                                 Law of the Republic of Indonesia through Letter No. AHU-
      Surat No. AHU-AH.01.09-0313953 tanggal 8 Juni 2026.                                 AH.01.09-0313953 dated June 8, 2026. The composition of
      Susunan Direksi Perseroan menjadi sebagai berikut:                                  the Company's Board of Directors is as follows:


                                      Jabatan                                                                          Nama
                                      Position                                                                          Name
 Direktur Utama
                                                                                 Dwi Swasono
 President Director
 Direktur
                                                                                 Koji Sato
 Director
 Direktur
                                                                                 Nobuyasu Hagiwara
 Director
 Direktur
                                                                                 Teru Karahashi
 Director
 Direktur
                                                                                 Yoshendri
 Director
 Direktur
                                                                                 Hiroki Majima
 Director
 Direktur
                                                                                 Ryoji Tanaka
 Director
 Direktur
                                                                                 Junji Fukagawa
 Director




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


Secara berkala, Perseroan melakukan evaluasi terhadap hasil                          The Company periodically evaluates its operational and
kinerja operasional dan keuangan yang dicapai pada tahun                             financial performance achieved during the fiscal year. This
buku. Hal tersebut dilakukan dengan mengukur kinerja                                 is done by measuring the Company's performance based on
Perseroan berdasarkan perbandingan antara target atau                                a comparison between the targets set out in the Corporate
Rencana Kerja dan Anggaran Perusahaan (RKAP) yang                                    Work Plan and Budget (RKAP) at the beginning of the year
ditetapkan pada awal tahun dengan realisasi pada tahun                               and the actual results achieved during the budget year. The
anggaran. Perbandingan antara target dan realisasi pada tahun                        comparison between targets and actual results for fiscal year
buku 2025 dapat dilihat pada tabel berikut:                                          2025 is presented in the following table:


                            Uraian                                    Satuan     RKAP FY2025                  Realisasi FY2025             Pencapaian (%)
                         Description                                   Unit          Target FY2025            Realization FY2025            Achievement (%)
 Penjualan Mid Excavator > 6T incl. mining excavator
                                                                       Unit                     2.929                             3.164                  108,0
 Mid Excavator > 6T incl. mining excavator Sales
 Penghasilan neto
                                                                       USD                609.864.684                   515.423.217                       84,5
 Net revenues
 Laba bruto
                                                                       USD                116.683.458                    90.183.254                       77,3
 Gross profit
 Laba usaha
                                                                       USD                 51.476.732                    27.648.992                       53,7
 Operating income




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                                                                                                                         03

                              Uraian            Satuan     RKAP FY2025           Realisasi FY2025       Pencapaian (%)
                          Description            Unit          Target FY2025     Realization FY2025     Achievement (%)
 Laba bersih
                                                 USD                34.976.100          15.983.119                     45,7
 Net income
 Struktur modal:
 Capital structure :
    Liabilitas jangka pendek
                                                 USD               253.119.864         221.698.473                     87,6
    Current liabilities
    Liabilitas jangka panjang
                                                 USD                17.947.440          20.333.892                   113,3
    Current liabilities
    Jumlah liabilitas
                                                 USD               271.067.304         242.032.365                     89,3
    Total liabilities
    Jumlah ekuitas
                                                 USD               183.784.653         165.000.120                     89,8
    Total equity
    Jumlah liabilitas dan ekuitas
                                                 USD               454.851.957         407.032.485                     89,5
    Total liabilities and equity
    Rasio liabilitas terhadap ekuitas
                                                  %                      147,5               146,7                     99,5
    Liabilities to equity ratio




Target Tahun Buku 2026
Target For Ficscal Year 2026


Untuk menghadapi tahun tahun buku 2026, Perseroan telah    To prepare for the 2026 fiscal year, the Company has established
menetapkan target operasional dan keuangan yang termuat    operational and financial targets as outlined in the Corporate
pada Rencana Kerja dan Anggaran Perusahaan yang dapat      Work Plan and Budget, which are presented in the following
dilihat pada tabel berikut:                                table:


                              Uraian            Satuan    Realisasi FY2025        RKAP FY2026          Pertumbuhan (%)
                          Description            Unit     Realization FY2025       Target FY2026           Growth (%)
 Penjualan alat berat (Excavator 6T Over)
                                                 Unit                   3.164                3.094                   (2,2)
 (Excavator 6T Over) Sales of heavy equipment
 Penghasilan neto
                                                 USD              515.423.217          589.375.469                    14,3
 Net revenues
 Laba bruto
                                                 USD               90.183.254           95.082.123                     5,4
 Gross profit
 Laba usaha
                                                 USD               27.648.992           28.841.102                     4,3
 Operating income
 Laba bersih
                                                 USD               15.983.119           18.383.638                    15,0
 Net income
 Struktur modal:
 Capital structure :
    Liabilitas jangka pendek
                                                 USD              221.698.473          226.618.500                     2,2
    Current liabilities
    Liabilitas jangka panjang
                                                 USD               20.333.892           20.016.291                   (1,6)
    Non-current liabilities
    Jumlah liabilitas
                                                 USD              242.032.365          246.634.791                     1,9
    Total liabilities
    Jumlah ekuitas
                                                 USD              165.000.120          171.871.020                     4,2
    Total equity
    Jumlah liabilitas dan ekuitas
                                                 USD              407.032.485          418.505.811                     2,8
    Total liabilities and equity
    Rasio liabilitas terhadap ekuitas
                                                  %                     146,7                143,5
    Liabilities to equity ratio




2025 Annual Report & Sustainability Report               121                                          PT Hexindo Adiperkasa Tbk

Page 122
 Ikhtisar 2025 | 2025 Highlights                                             Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                       Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                         Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Aspek Pemasaran
Marketing Aspect



STRATEGI PEMASARAN                                                           MARKETING STRATEGY
Perseroan menerapkan beberapa strategi pemasaran untuk                       The Company implements several marketing strategies to
meningkatkan penjualan, antara lain:                                         increase sales, including:
1.    Menawarkan solusi andal melalui dukungan purna jual                    1.     Offering reliable solutions through after-sales support.
      Perseroan menyediakan layanan remanufacturing untuk                           The      Company          provides       remanufacturing        services
      unit construction equipment serta program refurbishment                       for construction equipment units and refurbishment
      pada unit mining sebagai perluasan layanan penjualan,                         programs for mining units as an extension of its sales
      serta mengembangkan sistem baru untuk mendorong                               services, while also developing a new system to drive
      pertumbuhan melalui parts online shop.                                        growth through its parts online shop.
2.    Meningkatkan peluang penjualan dengan memperluas                       2.     Increasing sales opportunities by expanding its product
      lini produk (product line extension) dengan produk-                           line (product line extension) with new products that offer
      produk baru yang menghadirkan berbagai inovasi untuk                          various innovations to meet customer needs.
      memenuhi kebutuhan pelanggan.
3.    Menyediakan solusi bisnis penyewaan dan penjualan                      3.     Providing heavy equipment rental solutions and premium
      premium used dengan standar kelas dunia dari HCM                              used equipment with world-class standards from HCM
      Jepang.                                                                       Japan.
4.    Menyediakan penawaran paket-paket menarik bagi                         4.     Offering attractive packages to customers, including:
      pelanggan diantaranya :
      •     FMC (Full Maintenance Contract)                                         •      FMC (Full Maintenance Contract)
      •     SSA (Site Support Agreement)                                            •      SSA (Site Support Agreement)
      •     CCS (Customer Support Contract)                                         •      CCS (Customer Support Contract)
      •     VHS (Vendor Hold Stock)                                                 •      VHS (Vendor Hold Stock)
      •     CPM (ConSite Preventive Maintenance)                                    •      CPM (ConSite Preventive Maintenance)
      •     HOS (Hydraulic Oil Supply)                                              •      HOS (Hydraulic Oil Supply)


Disamping itu, untuk mendukung strategi tersebut, Perseroan                  In addition, to support these strategies, the Company continues
juga tetap menerapkan Program “ONE HEXINDO &                                 to implement the "ONE HEXINDO & KENKIJIN SPIRIT"
KENKIJIN SPIRIT” dalam upaya membentuk budaya                                Program in an effort to foster a stronger corporate culture,
Perusahaan        yang      lebih      baik      serta     program-program   as well as employee competency development programs,
pengembangan kompetensi karyawan termasuk karyawan                           including for employees assigned to sales and marketing
yang bertugas di bidang penjualan/pemasaran.                                 functions.


PANGSA PASAR                                                                 MARKET SHARE
Perseroan memiliki berbagai jenis produk alat berat untuk                    The Company offers a wide range of heavy equipment products
memenuhi kebutuhan pelanggan di berbagai segmen. Pangsa                      to meet customer needs across various segments. Market share
pasar berdasarkan jenis produk Perseroan pada tahun 2025                     by product type for fiscal year 2025 is as follows:
adalah sebagai berikut:




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                                                                                                                                                          03

                                                                    FY2025                                                      FY2024
                                               Permintaan                                                 Permintaan
            Jenis Alat Berat                                        Penjualan            Pangsa                                 Penjualan          Pangsa
                                                  Pasar                   Sales           Share
                                                                                                             Pasar                  Sales           Share
                                              Market Demand                                              Market Demand
                                                                         (Unit)            (%)                                     (Unit)            (%)
                                                  (Unit)                                                     (Unit)
 Mini Excavator                                       1.362                 243              17,8                   1.498              249              16,6
 Mid Excavator >6T incl. mining
                                                     18.919               3.164              16,7                  15.695             2.597             16,5
 excavator
 Wheel Loader                                         1.317                  42               3,2                   1.878               37               2,0

 Rigid Dump Truck (HITACHI)                             621                   -                   -                 1.198                   -               0
 Articulated Dump Truck (BELL)                          435                   0               0,0                    315                    3            1,0




Kebijakan Dividen
Dividend Policy


DASAR KEBIJAKAN PEMBAGIAN DIVIDEN                                                   BASIS OF THE COMPANY'S DIVIDEND POLICY
PERSEROAN
Mengacu pada Undang-undang RI No. 40 Tahun 2007 tentang                             In accordance with the Law of the Republic of Indonesia No. 40
Perseroan Terbatas, dividen hanya boleh dibagikan apabila                           of 2007 on Limited Liability Companies, dividends may only
Perseroan mempunyai “saldo laba yang positif ”. Pembagian                           be distributed if the Company has a positive retained earnings
dividen kepada pemegang saham diakui sebagai liabilitas                             balance. Dividend distribution to shareholders is recognized as
dalam laporan keuangan Perseroan pada periode di mana                               a liability in the Company's financial statements in the period
dividen dideklarasikan.                                                             in which the dividend is declared.


Perseroan berkomitmen untuk membagikan dividen tunai                                The Company is committed to distributing cash dividends at
sekurang-kurangnya sekali dalam setahun. Jumlah dividen                             least once a year. The amount of dividend distributed depends
yang dibagikan tergantung dari laba Perseroan pada tahun                            on the Company's profit for the relevant fiscal year, while also
buku yang bersangkutan, dengan tidak mengabaikan tingkat                            considering the Company's financial condition, and without
kesehatan Perseroan dan tanpa mengurangi hak dari RUPS                              limiting the rights of the General Meeting of Shareholders
untuk menentukan lain sesuai dengan Anggaran Dasar                                  (GMS) to determine otherwise in accordance with the
Perseroan.                                                                          Company's Articles of Association.


PEMBAGIAN DIVIDEN                                                                   DIVIDEND DISTRIBUTION
Pada periode tahun buku 2022, 2023, dan 2024, Perseroan                             For the 2022, 2023, and 2024 fiscal years, the Company
melakukan pembagian dividen sesuai dengan risalah RUPST                             distributed dividends in accordance with the resolutions of
yang kronologisnya dapat dilihat pada tabel berikut ini:                            the Annual General Meeting of Shareholders (AGMS), the
                                                                                    chronology of which is presented in the following table:


                                   Uraian                                     Satuan              FY2024                    FY 2023             FY 2022
                                Description                                       Unit
 Laba Bersih
                                                                                  USD                 31.061.735              55.711.878            51.620.039
 Net income
 Dividen tunai dibagikan
                                                                                  USD                 21.743.400              38.998.315            41.296.031
 Distributed cash dividend
 Tambahan dividen tunai dari saldo laba ditahan yang belum
 ditentukan penggunaannya
                                                                                  USD                          -                        -                       -
 Additional cash dividend from retained earnings balance which has not
 been decided of its use
 Total dividen tunai dibagikan
                                                                                  USD                 21.743.400              38.998.315            41.296.031
 Total distributed cash dividend



2025 Annual Report & Sustainability Report                                   123                                                       PT Hexindo Adiperkasa Tbk

Page 124
 Ikhtisar 2025 | 2025 Highlights                                            Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                      Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                        Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




                                   Uraian                             Satuan               FY2024                    FY 2023                FY 2022
                                Description                            Unit
 Dividen per saham
                                                                       USD                        0,025885                  0,046427              0,049162
 Dividend per share
 Rasio pembayaran
                                                                        %                              70%                      70%                    80%
 Payout ratio
 Tanggal pembayaran                                                                      17 Oktober 2025           25 Oktober 2024        21 Oktober 2023
 Payment date                                                                             October 17, 2025          October 25, 2024       October 21, 2023




Informasi tentang Penggunaan Dana Hasil Penawaran Umum
Information on the Use of Proceeds from the Public Offering


Perseroan telah melaksanakan Penawaran Umum Perdana                         The Company conducted an Initial Public Offering (IPO) to
(IPO) kepada masyarakat pada tahun 1994 sejumlah                            the public in 1994, comprising 10,000,000 shares at an offering
10.000.000 saham dengan harga penawaran sebesar Rp2.800                     price of Rp2,800 per share, followed by a first limited public
per saham, dan penawaran umum terbatas pertama kepada                       offering to shareholders through a Rights Issue in 1998,
para pemegang saham dalam rangka penerbitan Hak Memesan                     comprising 42,000,000 shares at an offering price of Rp1,000
Efek Terlebih Dahulu (HMETD) pada tahun 1998 sejumlah                       per share. The proceeds from these public offerings have been
42.000.000 saham dengan harga penawaran sebesar Rp1.000                     fully utilized in accordance with the objectives stated in the
per saham. Seluruh dana hasil penawaran umum tersebut                       prospectus in prior periods, and all of the Company's shares
telah direalisasikan penggunaannya sesuai dengan tujuan                     are currently listed on the Indonesia Stock Exchange.
yang dinyatakan dalam prospektus pada periode-periode
sebelumnya, dan seluruh saham Perseroan saat ini telah
tercatat di Bursa Efek Indonesia.


Sampai dengan 31 Maret 2026, Perseroan tidak melakukan                      As of March 31, 2026, the Company did not conduct any new
penawaran umum saham baru kepada publik. Oleh sebab                         public offering of shares. Therefore, there is no realization of
itu, tidak terdapat realisasi penggunaan dana hasil penawaran               proceeds from public offerings to be disclosed for the 2025
umum yang perlu diungkapkan pada tahun buku 2025 ini.                       fiscal year.




Informasi Material mengenai Investasi, Ekspansi, Divestasi,
Penggabungan Usaha, Akuisisi, dan/atau Restrukturisasi
Utang/Modal.
Material Information regarding Investment, Expansion, Divestment, Business Merger,
Acquisition, and/or Debt/Capital Restructuring


Pada tahun buku 2025, Perseroan tidak melakukan kegiatan                 In the 2025 fiscal year, the Company did not undertake
investasi, ekspansi, divestasi, penggabungan usaha, akuisisi             any investment, expansion, divestment, business merger,
serta restrukturisasi utang/modal. Dengan demikian, informasi            acquisition, or debt/capital restructuring activities. Accordingly,
mengenai hal tersebut tidak tersedia untuk diungkapkan pada              there is no information to be disclosed in this section.
bagian ini.




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                                                                                                                                                       03

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


Perusahaan melakukan transaksi dengan pihak berelasi                               The Company engages in transactions with related parties
sesuai dengan definisi yang diuraikan pada PSAK No. 224,                           as defined under PSAK No. 224, “Related Party Disclosures”.
“Pengungkapan Pihak-pihak Berelasi”. Transaksi ini dilakukan                       These transactions are carried out based on terms agreed upon
berdasarkan persyaratan yang disetujui oleh kedua belah                            by both parties, which may differ from those made with non-
pihak, yang mungkin tidak sama dengan transaksi lain yang                          related parties. This is disclosed in Note 2b of the Financial
dilakukan dengan pihak-pihak yang tidak berelasi. Hal ini                          Statements.
sesuai catatan Laporan Keuangan No. 2b.


SIFAT HUBUNGAN DAN TRANSAKSI DENGAN                                                NATURE OF TRANSACTIONS WITH RELATED
PIHAK BERELASI                                                                     PARTIES
Daftar pihak berelasi beserta hubungan antara Perseroan dan                        The list of related parties and the nature of the relationships
pihak berelasi yang dijelaskan sebagai berikut:                                    between the Company and the related parties are described as
                                                                                   follows:


                                             Pihak Berelasi                                         Sifat Hubungan dengan Pihak Berelasi
   No.                                       Related Parties                                         Nature of Relationship with Related Parties
                                                                                              Pemegang saham
     1       Hitachi Construction Machinery Co. Ltd., Jepang
                                                                                              Shareholders
                                                                                              Pemegang saham
     2       Hitachi Construction Machinery Asia and Pacific Pte. Ltd., Singapura
                                                                                              Shareholders
                                                                                              Pemegang saham
     3       ITOCHU Corporation, Jepang
                                                                                              Shareholders
                                                                                              Entitas Sepengendali
     4       PT Hitachi Construction Machinery Indonesia
                                                                                              Entities under Common Control
                                                                                              Entitas Sepengendali
     5       Hitachi Asia Ltd., Singapura
                                                                                              Entities under Common Control
                                                                                              Entitas Sepengendali
     6       Hitachi Construction Machinery Americas Inc., Amerika Serikat
                                                                                              Entities under Common Control
                                                                                              Entitas Sepengendali
     7       Hitachi Construction Machinery (Malaysia) Sdn. Bhd., Malaysia
                                                                                              Entities under Common Control
                                                                                              Entitas Sepengendali
     8       Hitachi Construction Machinery Australia Pty. Ltd., Australia
                                                                                              Entities under Common Control
                                                                                              Entitas Sepengendali
     9       Wenco International Mining Systems Ltd., Kanada
                                                                                              Entities under Common Control
                                                                                              Entitas Sepengendali
    10       PT Bradken Indonesia
                                                                                              Entities under Common Control
                                                                                              Entitas Sepengendali
    11       Bradken Resources Pty Ltd., Australia
                                                                                              Entities under Common Control
                                                                                              Entitas Sepengendali
    12       Tata Hitachi Construction Machinery Company Private Limited, India
                                                                                              Entities under Common Control
                                                                                              Entitas Sepengendali
    13       Hitachi Ltd., Jepang
                                                                                              Entities under Common Control
                                                                                              Entitas Sepengendali
    14       Hitachi Construction Truck Manufacturing Ltd., Kanada
                                                                                              Entities under Common Control
                                                                                              Entitas Sepengendali
    15       Hitachi Kenki Logistics Technology Co. Ltd., Jepang
                                                                                              Entities under Common Control
                                                                                              Entitas Sepengendali
    16       Hitachi Construction Machinery Co. Ltd., Thailand
                                                                                              Entities under Common Control
                                                                                              Entitas Asosiasi yang Merupakan Anggota Kelompok Usaha
                                                                                              dimana Perusahaan adalah Anggotanya
    17       PT Hexa Finance Indonesia
                                                                                              Associate of a Member of a Group of which the Company is a
                                                                                              Member

2025 Annual Report & Sustainability Report                                   125                                                   PT Hexindo Adiperkasa Tbk

Page 126
 Ikhtisar 2025 | 2025 Highlights                                        Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                  Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                    Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




ALASAN DILAKUKANNYA TRANSAKSI                                           REASON FOR UNDERTAKING AFFILIATE
AFILIASI                                                                TRANSACTIONS
Transaksi afiliasi yang dilakukan oleh Perusahaan merupakan             The affiliate transactions carried out by the Company are part
kegiatan usaha yang dijalankan dalam rangka menghasilkan                of its regular business operations aimed at generating revenue,
pendapatan usaha dan dilakukan secara rutin, berulang, dan/             and are conducted on a routine, recurring, or ongoing basis. The
atau berkelanjutan. Manajemen Perusahaan berkeyakinan                   Company's management is confident that these transactions
bahwa transaksi afiliasi dilakukan sesuai praktik bisnis yang           are conducted in accordance with prevailing business practices.
berlaku umum.


Transaksi afiliasi pada tahun buku 2025 telah diungkapkan               The affiliate transactions conducted by the Company in the
pada Catatan Nomor 6 dalam Laporan Keuangan tahun buku                  2025 fiscal year were carried out as part of its normal business
2025 yang menjadi bagian tidak terpisahkan dari Laporan                 activities to generate operating income, and were undertaken on
Tahunan ini.                                                            a routine, recurring, and/or ongoing basis. These transactions
                                                                        have been disclosed in Note 6 of the 2025 fiscal year Financial
                                                                        Statements, which form an integral part of this Annual Report.


PERNYATAAN KEWAJARAN TRANSAKSI OLEH                                     FAIRNESS STATEMENT ON TRANSACTIONS BY
DIREKSI                                                                 THE BOARD OF DIRECTORS
Direksi memastikan bahwa transaksi afiliasi yang dilakukan              The Board of Directors affirms that the affiliate transactions
pada tahun buku 2025 telah melalui prosedur yang memadai                conducted in the 2025 fiscal year were subject to adequate
untuk memastikan masing-masing transaksi dilakukan                      procedures to ensure that each transaction was carried out
sesuai prinsip arm's length principle, memenuhi peraturan               on an arm's length basis, in compliance with applicable
perundang-undangan yang berlaku, serta dilaporkan kepada                laws and regulations, and properly reported to the Financial
OJK. Prosedur dan kewajaran seluruh transaksi afiliasi secara           Services Authority (OJK). The fairness and procedures of all
berkala dievaluasi oleh Dewan Komisaris melalui Komite                  affiliate transactions are regularly reviewed by the Board of
Audit.                                                                  Commissioners through the Audit Committee.

KEBIJAKAN PERSEROAN TERKAIT MEKANISME                                   COMPANY POLICY ON THE REVIEW MECHANISM FOR
REVIEW ATAS TRANSAKSI AFILIASI                                          AFFILIATE TRANSACTIONS
Mekanisme review terhadap seluruh transaksi yang dijalankan             The review mechanism for all transactions carried out by
Perseroan dengan pihak-pihak terafiliasi diterapkan sejak               the Company with affiliated parties is implemented from the
tahap awal sebelum transaksi dilakukan dengan melibatkan                initial stage, prior to execution, involving the Audit Committee
Komite Audit dan dilaporkan kepada Dewan Komisaris,                     and reporting to the Board of Commissioners, and continues
hingga setelah transaksi tersebut dilakukan baik melalui                after the transaction is completed through both internal and
kegiatan audit internal maupun audit eksternal.                         external audit activities




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                                                                                                                                          03

Perubahan Peraturan Perundang-undangan yang
Berpengaruh Signifikan terhadap Perseroan
Changes In LawsaAnd Regulation That Significantly Affect The Company


Berbeda dengan tahun buku 2024, pada tahun buku 2025                      Unlike fiscal year 2024, in fiscal year 2025 there were a number
terdapat sejumlah perubahan regulasi di sektor pertambangan               of regulatory changes in the mineral and coal mining sector —
mineral dan batubara sebagai salah satu sektor pengguna utama             one of the main end-user sectors for the Company's products
produk dan jasa Perseroan yang perlu dicermati meskipun                   and services — that warrant attention, although they did not
tidak berdampak langsung terhadap laporan keuangan                        have a direct impact on the Company's financial statements.
Perseroan. Perubahan-perubahan tersebut antara lain:                      These changes include:
1.    Undang-Undang No. 2 Tahun 2025 tentang Perubahan                    1.   Law No. 2 of 2025 concerning the Fourth Amendment to
      Keempat atas Undang-Undang No. 4 Tahun 2009 tentang                      Law No. 4 of 2009 on Mineral and Coal Mining, enacted
      Pertambangan Mineral dan Batubara, disahkan DPR pada                     by the House of Representatives (DPR) on February 18,
      18 Februari 2025. Perubahan ini antara lain mengatur                     2025. This amendment, among other things, provides for
      pemberian Wilayah Izin Usaha Pertambangan (WIUP)                         the priority allocation of Mining Business License Areas
      secara prioritas kepada koperasi, badan usaha kecil dan                  (WIUP) to cooperatives, small and medium enterprises,
      menengah, badan usaha milik organisasi kemasyarakatan                    business entities owned by religious community
      keagamaan,         serta     perguruan   tinggi,   di   samping          organizations, and universities, in addition to adjustments
      penyesuaian ketentuan penerimaan negara bukan pajak                      to non-tax state revenue provisions from mining business
      dari kegiatan usaha pertambangan.                                        activities.
2.    Peraturan Menteri ESDM No. 17 Tahun 2025 tentang Tata               2.   Ministry of Energy and Mineral Resources Regulation No.
      Cara Penyusunan, Penyampaian, dan Persetujuan Rencana                    17 of 2025 concerning the Procedures for the Preparation,
      Kerja dan Anggaran Biaya (RKAB), yang mengembalikan                      Submission, and Approval of Work Plans and Budgets
      siklus persetujuan RKAB dari sistem tiga tahunan menjadi                 (RKAB), which reverts the RKAB approval cycle from a
      tahunan mulai tahun 2026, disertai digitalisasi proses                   three-year system to an annual system starting in 2026,
      pengajuan melalui sistem MinerbaOne. Pemegang izin                       accompanied by the digitalization of the submission
      usaha pertambangan yang sebelumnya telah memiliki                        process through the MinerbaOne system. Mining
      RKAB tiga tahunan diwajibkan mengajukan penyesuaian                      business license holders that previously held three-year
      RKAB 2026 paling lambat Oktober 2025.                                    RKABs are required to submit an adjusted 2026 RKAB no
                                                                               later than October 2025.
3.    Peraturan Pemerintah No. 18 Tahun 2025 tentang                      3.   Government Regulation No. 18 of 2025 concerning the
      Perubahan atas PP No. 15 Tahun 2022 mengenai Perlakuan                   Amendment to Government Regulation No. 15 of 2022
      Perpajakan dan/atau Penerimaan Negara Bukan Pajak di                     on Taxation Treatment and/or Non-Tax State Revenue
      Bidang Usaha Pertambangan Batubara, beserta PP No.                       in the Coal Mining Business, together with Government
      39 Tahun 2025 tentang Perubahan Kedua atas PP No.                        Regulation No. 39 of 2025 concerning the Second
      96 Tahun 2021 mengenai Pelaksanaan Kegiatan Usaha                        Amendment to Government Regulation No. 96 of 2021
      Pertambangan Mineral dan Batubara.                                       on the Implementation of Mineral and Coal Mining
                                                                               Business Activities.


Perubahan regulasi tersebut, khususnya transisi siklus RKAB               These regulatory changes, particularly the transition of the
dari tiga tahunan menjadi tahunan, berpotensi menciptakan                 RKAB cycle from a three-year to an annual system, may
periode penyesuaian bagi para pelaku usaha pertambangan                   create an adjustment period for mining businesses in planning
dalam merencanakan produksi dan belanja modal jangka                      medium-term production and capital expenditure, including
menengah, termasuk keputusan investasi alat berat. Manajemen              heavy equipment investment decisions. The Company's
Perseroan senantiasa memantau perkembangan regulasi ini                   management         continuously   monitors      these    regulatory
untuk mengantisipasi dampaknya terhadap permintaan pasar                  developments to anticipate their impact on heavy equipment
alat berat dari sektor pertambangan.                                      market demand from the mining sector.




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 Ikhtisar 2025 | 2025 Highlights                                                Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                          Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                            Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Di luar sektor pertambangan, tidak terdapat perubahan                           Outside the mining sector, there were no other changes in
peraturan perundang-undangan lain yang berpengaruh                              laws and regulations that had a significant direct impact on the
signifikan secara langsung terhadap kegiatan usaha maupun                       Company's business activities or financial reporting in fiscal
pelaporan keuangan Perseroan pada tahun buku 2025.                              year 2025.




Perubahan Kebijakan Akuntansi dan Dampaknya
Terhadap Perseroan
Information on the Use of Proceeds from the Public Offering


Perseroan menerapkan standar baru dan/atau yang direvisi                        The Company applies new and/or revised standards effective
yang berlaku efektif untuk periode yang dimulai pada atau                       for periods beginning on or after January 1, 2025, including the
setelah 1 Januari 2025, termasuk standar yang direvisi berikut                  following revised standards that affect the Company's financial
ini yang memengaruhi laporan keuangan Perseroan:                                statements:


                         Perubahan Kebijakan Akuntansi                                Dampak terhadap Pelaporan Keuangan Perseroan
 No.                       Changes in Accounting Principles                                  Effects on the Company’s Financial Statements

   1      Amandemen PSAK No. 221, "Kekurangan Ketertukaran"                     Amandemen ini tidak berdampak terhadap laporan keuangan Perseroan.
          Amendment to PSAK No. 221, "Lack of Exchangeability"                  This amendment does not have any impact on the Company's financial
                                                                                statements.
   2      Amandemen PSAK No. 212, "Pajak Penghasilan" — terkait                 Amandemen ini memberikan pengecualian wajib sementara dari
          penerapan kerangka Pilar Dua OECD (Pillar Two) melalui Peraturan      pengakuan atau pengungkapan pajak tangguhan terkait Pilar Dua. Dengan
          Menteri Keuangan No. 136/2024                                         demikian, tidak terdapat dampak pengakuan pajak tangguhan tambahan
          Amendment to PSAK No. 212, "Income Taxes" — concerning the            pada laporan keuangan Perseroan untuk tahun buku 2025 sehubungan
          implementation of the OECD Pillar Two framework through Minister of   dengan kerangka ini.
          Finance Regulation No. 136/2024                                       This amendment provides a mandatory temporary exception from the
                                                                                recognition or disclosure of deferred taxes related to Pillar Two. Accordingly,
                                                                                there is no impact from the recognition of additional deferred taxes in the
                                                                                Company's financial statements for fiscal year 2025 in connection with this
                                                                                framework.




Prospek Usaha Tahun Buku 2026
Business Outlook for the Fiscal Year 2025


Pertumbuhan ekonomi global diproyeksikan melambat                               Global economic growth is projected to slow to 3.0% in 2026,
menjadi 3,0% pada tahun 2026, turun dari 3,5% pada tahun                        down from 3.5% in 2025, before rebounding to 3.4% in 2027,
2025, sebelum kembali menguat ke 3,4% pada tahun 2027                           well below the historical average (2000–2019) of 3.7%. This
atau jauh di bawah rata-rata historis (2000–2019) sebesar                       slowdown is primarily driven by the outbreak of armed conflict
3,7%. Perlambatan ini terutama dipicu oleh pecahnya konflik                     in the Middle East between the United States/Israel and Iran
bersenjata di Timur Tengah antara Amerika Serikat/Israel dan                    in late February 2026, which triggered an energy supply shock
Iran pada akhir Februari 2026, yang menimbulkan guncangan                       and risk of disruption to the Strait of Hormuz, one of the
pasokan energi dan risiko gangguan terhadap Selat Hormuz,                       world's vital hydrocarbon distribution routes. Global inflation
salah satu jalur distribusi hidrokarbon global yang vital. Inflasi              is instead expected to rise to 4.7% in 2026 (from 4.1% in 2025),
global diperkirakan justru meningkat menjadi 4,7% pada                          before easing to 3.9% in 2027. Nevertheless, the artificial
tahun 2026 (dari 4,1% pada tahun 2025), sebelum mereda ke                       intelligence (AI)-driven technology investment cycle continues
3,9% pada tahun 2027. Meskipun demikian, siklus investasi                       to provide support that has helped contain a deeper slowdown.
teknologi yang didorong oleh kecerdasan buatan (AI) turut
menjadi penopang yang menahan perlambatan lebih dalam.



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Di tengah dinamika tersebut, International Monetary Fund           Amid these dynamics, the International Monetary Fund (IMF)
(IMF) tetap mempertahankan proyeksi pertumbuhan ekonomi            maintains its projection for Indonesia's economic growth at
Indonesia sebesar 5,0% pada tahun 2026 dan meningkat               5.0% in 2026, rising to 5.1% in 2027, unchanged from its April
menjadi 5,1% pada tahun 2027, tidak berubah dari proyeksi          2026 projection, and above the average growth of the ASEAN-5
April 2026, dan berada di atas rata-rata pertumbuhan kawasan       region (4.1%) and emerging Asia (4.8%). This figure is slightly
ASEAN-5 (4,1%) maupun negara berkembang Asia (4,8%).               below the Indonesian Government's target of 5.4%, although
Angka ini sedikit di bawah target Pemerintah Indonesia sebesar     early-year data shows optimism, with first-quarter 2026
5,4%, meski data awal tahun menunjukkan optimisme dengan           economic growth reaching 5.61% (yoy) according to Statistics
realisasi pertumbuhan ekonomi kuartal I 2026 mencapai 5,61%        Indonesia.
(yoy) menurut Badan Pusat Statistik.


Pada sektor pengguna alat berat, industri pertambangan             In the heavy equipment end-user sector, the coal mining
batubara memasuki tahun 2026 dengan tantangan yang lebih           industry enters 2026 facing greater challenges following a cut
berat menyusul pemangkasan target Rencana Kerja dan                in the national coal production Work Plan and Budget (RKAB)
Anggaran Biaya (RKAB) produksi batubara nasional menjadi           target to approximately 600 million tons, a decrease of around
sekitar 600 juta ton atau turun sekitar 24% dari realisasi         24% from 2025 production of approximately 790 million tons.
produksi 2025 yang mencapai sekitar 790 juta ton. Menurut          According to the Indonesian Heavy Equipment Distributors
Perhimpunan Agen Tunggal Alat Berat Indonesia (PAABI),             Association (PAABI), this decline in the coal production target
penurunan target produksi batubara ini berpotensi menekan          could pressure national heavy equipment sales by 5–10%,
penjualan alat berat nasional sebesar 5–10%, mengingat             given that the coal mining segment accounts for approximately
segmen tambang batubara menyumbang sekitar 30–35% dari             30–35% of total heavy equipment demand. Nevertheless,
total permintaan alat berat. Meski demikian, industri alat berat   the heavy equipment industry as a whole is still projected to
secara keseluruhan tetap diproyeksikan tumbuh moderat pada         grow moderately in 2026, with demand estimated to reach
2026, dengan estimasi permintaan mencapai 23.000–25.000            23,000–25,000 units worth approximately USD3.62 billion,
unit senilai sekitar USD3,62 miliar, didukung oleh pergeseran      supported by a shift in momentum toward the construction
momentum ke sektor konstruksi dan infrastruktur (proyek            and infrastructure sector (national strategic projects, the
strategis nasional, kelanjutan pembangunan IKN, jalan tol,         continued development of IKN, toll roads, and ports) and
dan pelabuhan) serta tambang nikel, di samping program             nickel mining, alongside the biodiesel program and potential
biodiesel dan potensi proyek food estate di sektor perkebunan      food estate projects in the plantation and agriculture sectors.
dan pertanian.


Untuk dapat mempertahankan kinerja Perseroan di tengah             To sustain its performance amid global economic uncertainty
ketidakpastian ekonomi global serta transisi kebijakan RKAB        and the transition of RKAB policy in the mining sector,
di sektor pertambangan, Perseroan akan terus memantau              the Company will continue to closely monitor market
perkembangan pasar secara cermat dan menyesuaikan                  developments and adjust its sales, rental, spare parts, and
strategi penjualan, penyewaan, suku cadang, serta layanan          repair and maintenance service strategies to capture growth
pemeliharaan dan perbaikan guna menangkap peluang                  opportunities in demand from the construction, infrastructure,
pertumbuhan permintaan dari sektor konstruksi, infrastruktur,      and plantation sectors, which are projected to be the main
dan perkebunan yang diproyeksikan menjadi penopang utama           pillars of the national heavy equipment market in 2026.
pasar alat berat nasional pada tahun 2026.




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 Ikhtisar 2025 | 2025 Highlights                                        Tata Kelola Perusahaan | Good Corporate Governance
 Laporan Manajemen | Management Report                                  Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                    Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




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                                                                              03




                                             Tata Kelola
                                             Perusahaan
                                              yang Baik
                                                   Good Corporate
                                                      Governance



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 Ikhtisar 2025 | 2025 Highlights                                        Tata Kelola Perusahaan | Good Corporate Governance
 Laporan Manajemen | Management Report                                  Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                    Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Penerapan Tata Kelola Perusahaan yang Baik
Implementation of Good Corporate Governance




DASAR DAN PEDOMAN PENERAPAN TATA                                        BASIS AND GUIDELINES FOR THE
KELOLA PERUSAHAAN YANG BAIK                                             IMPLEMENTATION OF GOOD CORPORATE
                                                                        GOVERNANCE
Perseroan berkomitmen untuk menerapkan GCG dalam setiap                 The Company is committed to implementing Good Corporate
aktivitas operasionalnya. Komitmen ini dijalankan dengan                Governance (GCG) in all of its business activities and
mengacu pada ketentuan dan peraturan perundang-undangan                 operations. This commitment is carried out in accordance with
berikut:                                                                the following laws and regulations:
1.   Undang-Undang Republik Indonesia yang terkait dengan               1.     Laws of the Republic of Indonesia relating to the Capital
     Pasar Modal dan Perseroan Terbatas;                                       Market and Limited Liability Companies;
2.   Peraturan Otoritas Jasa Keuangan (POJK) dan Surat                  2.     Financial Services Authority Regulations (POJK) and
     Edaran Otoritas Jasa Keuangan (SEOJK), khususnya                          Financial Services Authority Circular Letters (SEOJK),
     yang berkaitan dengan Tata Kelola, Laporan Tahunan,                       particularly those related to Corporate Governance,
     Manajemen Risiko, serta berbagai POJK dan SEOJK yang                      Annual Reports, Risk Management, and other relevant
     relevan dengan penerapan tata kelola; dan                                 POJK and SEOJK governing the implementation of good
                                                                               corporate governance; and
3.   Anggaran Dasar Perusahaan.                                         3.     The Company's Articles of Association.

Ketentuan dan peraturan perundang-undangan tersebut                     These laws and regulations serve as the foundation for the
menjadi dasar dalam penyusunan pedoman GCG Perseroan,                   development of the Company’s GCG guidelines, which consist
yang terdiri dari 10 (sepuluh) pedoman operasional berikut:             of the following ten (10) operational guidelines:




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                                                                              10
                                      Pedoman Pelaksanaan Fungsi Nominasi
                                      & Remunerasi, diterbitkan pada 1
                                      Februari 2023.
                                      Implementation of Nomination and
                                      Remuneration Function Guidelines,
                                      issued on February 1, 2023.

                                                                                                                         01
                                             09                                    Pedoman Perilaku, diterbitkan pada
    Pedoman Transaksi Afiliasi &                                                   tahun 2017;
    Benturan Kepentingan, diterbitkan                                              Code of Conduct, issued in 2017;
    pada 24 Juli 2024;
    Affiliate Transactions and Conflict
    of Interest Guidelines, issued on July
                                                                                                                                                            02
                                                                                                                Piagam Direksi, diterbitkan pada 28
    24, 2024;                                                                                                   Februari 2016;
                                                                                                                Board of Directors Charter, issued on
                            08                                                                                  February 28, 2016;
 Prosedur Pembelian
 Barang dan Jasa melalui
 Sistem e-Procurement
 yang ditetapkan dalam
 Keputusan Direksi No.                                                                                                                                      03
 355/SK-DIR/2024 pada                                                                                                        Piagam Dewan Komisaris,
 22 April 2024;                                                                                                              diterbitkan pada 29 Februari

                                                                   Panduan
 Procedures for the                                                                                                          2016;
 Procurement of Goods                                                                                                        Board of Commissioners
 and Services through the                                                                                                    Charter, issued on February
 e-Procurement System,                                              GCG                                                      29, 2016;
 stipulated in the Board
 of Directors Decree No.                                       GCG Guidelines
 355/SK-DIR/2024 dated
 April 22, 2024;

                                                                                                                                                            04
Pedoman Pelaporan
                                 07                                                                                     Piagam Komite Audit, diterbit-
                                                                                                                        kan pada 20 Desember 2021;
Whistleblowing System yang
                                                                                                                        Audit Committee Charter,
ditetapkan dalam Keputusan
                                                                                                                        issued on December 20, 2021;
Direksi No. 072/SK-DIR/2016
pada 1 April 2016;
Whistleblowing System                                                                                                                     05
Reporting Guidelines,                                                                                 Piagam Audit Internal,
stipulated in the Board of                                                                            diterbitkan pada September 2023.
Directors Decree No. 072/SK-                                                                          Internal Audit Charter, issued in
DIR/2016 dated April 1, 2016;                                                06                       September 2023.
                                              Regulasi Antikorupsi;
                                              Anti-Corruption Regulations;




SOSIALISASI DAN INTERNALISASI                                                     SOCIALIZATION AND INTERNALIZATION
Sebagai bagian dari penerapan GCG, sosialisasi dan internalisasi                  As part of the implementation of GCG, the Company conducts
prinsip GCG dilakukan kepada seluruh karyawan melalui                             the socialization and internalization of GCG principles to all
orientasi, pelatihan, dan media komunikasi internal seperti                       employees through orientation programs, training sessions,
wallpaper, e-learning, poster, video, email blast, welcoming                      and internal communication media such as wallpapers,
text, dan sebagainya. Proses ini bertujuan untuk memastikan                       e-learning platforms, posters, videos, email blasts, welcoming
pemahaman dan penerapan prinsip GCG, sehingga dapat                               messages, and other communication channels. This process
menjadi bagian dari budaya Perusahaan.                                            aims to ensure that employees understand and apply GCG
                                                                                  principles in their daily activities, enabling these principles to
                                                                                  become an integral part of the Company's corporate culture.


ROADMAP PENERAPAN GCG                                                             GCG IMPLEMENTATION ROADMAP
Sebagai      kelanjutan       dari     komitmen       Perseroan     dalam         As a continuation of the Company's commitment to
menerapkan GCG melalui dasar dan pedoman yang telah                               implementing GCG through the established policies and
ditetapkan serta sosialisasi yang telah dilakukan, Perseroan                      guidelines, as well as the socialization initiatives that have been
menyusun Roadmap GCG yang mencakup 4 (empat) inisiatif                            carried out, the Company has developed a GCG Roadmap.
strategis berikut untuk membangun perusahaan yang beretika                        The roadmap encompasses four (4) strategic initiatives aimed
dan bertanggung jawab:                                                            at building an ethical and responsible organization, as follows:

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 Ikhtisar 2025 | 2025 Highlights                                                                 Tata Kelola Perusahaan | Good Corporate Governance
 Laporan Manajemen | Management Report                                                           Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                             Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Roadmap GCG
GCG Roadmap

      Perusahaan yang dipercaya masyarakat dan pelanggan karena integritas, komitmen, dan kejujurannya
      A company that is trusted by the society and customers for its integrity, commitment, and trustworthiness

                           Anti-Fraud Campaign                                                                     Business Process Improvement
   Serangkaian kampanye berkesinambungan sebagai upaya untuk menghindari
     segala bentuk penyimpangan (fraud) atas peraturan Perusahaan (anti-fraud
  wallpaper, e-learning, poster, video, penyuluhan/sosialisasi melalui email blast dan                   Perbaikan proses bisnis yang dinilai memiliki potensi risiko.
                                     welcoming text).
                                                                                                     Improvement of business processes identified as having potential risks.
  A series of continuous campaigns have been carried out as part of the Company’s efforts
  to prevent any form of deviation or fraud against corporate regulations. These initiatives
   include anti-fraud wallpapers, e-learning modules, posters, videos, as well as awareness
           and dissemination activities through email blasts and welcoming texts.




                          Whistleblowing System                                                               Hitachi Global Compliance Program (HGCP)

    Sistem pengelolaan pengaduan/pengungkapan informasi secara rahasia
     dan independen mengenai pelanggaran yang dilakukan oleh individu                                  Program yang menekankan aspek kepatuhan: antikorupsi, anti-
       Perseroan terhadap peraturan Perusahaan dan Pedoman Perilaku.                                                 trust, dan antitransaksi sosial.
   A whistleblowing system that facilitates the confidential and independent                               A program emphasizing compliance aspects, including anti-
   reporting or disclosure of violations committed by individuals within the                               corruption, anti-trust, and anti-social transaction measures.
    Company, in breach of corporate regulations and the Code of Conduct.




   Evaluasi Penerapan GCG
   Evaluation of GCG Implementation
                                                                                 Sebagai bagian dari komitmen untuk memastikan implementasi GCG yang
                                                                                 efektif, Perseroan menerapkan mekanisme pengawasan yang melibatkan Komite
                                                                                 Kepatuhan dan Manajemen Risiko serta Sekretaris Perusahaan yang langsung
                                                                                 bertanggung jawab kepada Direksi. Selain itu, Dewan Komisaris juga berperan
                                                                                 penting dalam melakukan pengawasan, yang dibantu oleh Komite Audit dan
                                                                                 bekerja sama dengan Internal Audit untuk menilai efektivitas pengendalian
                         GCG                                                     internal, audit eksternal, serta akuntabilitas laporan keuangan.
                      Assessment
                                                                                 As part of its commitment to ensuring the effective implementation of GCG, the
                                                                                 Company has implemented a supervisory mechanism involving the Compliance
                                                                                 and Risk Management Committee, as well as the Corporate Secretary who reports
                                                                                 directly to the Board of Directors. Additionally, the Board of Commissioners plays
                                                                                 a key role in overseeing the process, with assistance from the Audit Committee and
                                                                                 collaboration with Internal Audit to assess the effectiveness of internal controls,
                                                                                 external audits, and the accountability of financial statements.




STRUKTUR TATA KELOLA [2-9]                                                                       CORPORATE GOVERNANCE STRUCTURE
Struktur        Tata        Kelola         Perusahaan             dirancang           guna       The Company's Corporate Governance Structure is designed
memperkuat penerapan GCG yang mencakup pelaksanaan                                               to strengthen the implementation of Good Corporate
pedoman, sosialisasi, dan roadmap yang telah ditetapkan                                          Governance (GCG), including the execution of established
serta mendukung evaluasi berkelanjutan untuk menjaga                                             policies, socialization programs, and the GCG roadmap, while
akuntabilitas dan integritas di seluruh operasional Perusahaan.                                  supporting continuous evaluation to maintain accountability
Struktur tata kelola Perseroan selaras dengan Undang-Undang                                      and integrity across all Company operations. The governance
No. 40 Tahun 2007 tentang Perseroan Terbatas, yang mencakup                                      structure is aligned with Law No. 40 of 2007 concerning
3 (tiga) organ utama berikut:                                                                    Limited Liability Companies and comprises the following three
                                                                                                 (3) principal corporate organs:




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                                                                                                                                               03

1.    Rapat Umum Pemegang Saham (RUPS);                                      1.   General Meeting of Shareholders (GMS);
2.    Dewan Komisaris; dan                                                   2.   Board of Commissioners; and
3.    Direksi.                                                               3.   Board of Directors.


Dalam penerapannya, Perseroan menerapkan two-tier board                      In its implementation, the Company adopts a two-tier board
system, sehingga Dewan Komisaris berperan sebagai Dewan                      system. Under this structure, the Board of Commissioners
Pengawas (non eksekutif) yang didukung oleh Komite Audit.                    serves as the supervisory body (non-executive) and is supported
Sementara itu, Direksi berperan sebagai Dewan Manajemen                      by the Audit Committee. Meanwhile, the Board of Directors
(eksekutif) dan didukung oleh Komite Kepatuhan dan                           acts as the management body (executive) and is supported
Manajemen Risiko, Komite Keselamatan Kerja, Sekretaris                       by the Compliance and Risk Management Committee, the
Perusahaan dan Audit Internal. Berikut adalah bagan                          Occupational Health and Safety Committee, the Corporate
yang menggambarkan struktur Tata Kelola Perseroan:dan                        Secretary, and the Internal Audit function.The following chart
bertanggung jawab:                                                           illustrates the Company's Corporate Governance Structure:

Struktur Tata Kelola
Governance Structure



                                                                      RUPS
                                                                       GMS




                                                                                                               Komite Kepatuhan dan
                                                                Dewan Komisaris                                 Manajemen Risiko
                                                               Board of Commissioners                       Compliance and Risk Management
                                                                                                                      Committee


                                                                                                               Komite Keselamatan dan
             Komite Audit                                             Direksi                                    Kesehataan Kerja
             Audit Committee                                     Board of Directors                           Occupational Safety and Health
                                                                                                                       Committee




                                      Sekretaris Perusahaan                               Audit Internal
                                         Corporate Secretary                               Internal Audit




PENERAPAN ATAS PEDOMAN TATA KELOLA                                           IMPLEMENTATION OF THE CORPORATE
PERUSAHAAN TERBUKA                                                           GOVERNANCE GUIDELINES FOR PUBLIC
                                                                             COMPANIES
Berdasarkan POJK No. 21/POJK.04/2015 tentang Penerapan                       Pursuant to POJK No. 21/POJK.04/2015 concerning the
Pedoman Tata Kelola Perusahaan Terbuka dan SEOJK No.                         Implementation of Corporate Governance Guidelines for
32/ SEOJK.04/2015 tentang Pedoman Tata Kelola Perusahaan                     Public Companies and SEOJK No. 32/SEOJK.04/2015
Terbuka, terdapat 5 (lima) aspek, 8 (delapan) prinsip, serta                 concerning Corporate Governance Guidelines for Public
25 (dua puluh lima) rekomendasi tata kelola yang diterbitkan                 Companies, the OJK has established five (5) governance
oleh OJK. Berikut adalah penerapan aspek, prinsip, dan                       aspects, eight (8) governance principles, and twenty-five (25)
rekomendasi tersebut oleh Perseroan dengan menggunakan                       governance recommendations. The following outlines the
pendekatan “comply or explain” :                                             Company's implementation of these aspects, principles, and
                                                                             recommendations using the "comply or explain" approach:




2025 Annual Report & Sustainability Report                             135                                              PT Hexindo Adiperkasa Tbk

Page 136
 Ikhtisar 2025 | 2025 Highlights                                                     Tata Kelola Perusahaan | Good Corporate Governance
 Laporan Manajemen | Management Report                                               Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                 Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Penerapan atas Pedoman Tata Kelola Perusahaan Terbuka
Implementation of the Guidelines for the Corporate Governance of Public Companies
                         Aspek, Prinsip, dan Rekomendasi
                                                                                                                                Status
                        Aspect, Principles, and Recommendations
 A.    Hubungan Perusahaan Terbuka dengan Pemegang Saham dalam Menjamin Hak-Hak Pemegang Saham
       Relationship Between the Public Company and Shareholders in Ensuring Shareholder Rights
         1.    Meningkatkan nilai penyelenggaraan Rapat Umum Pemegang Saham (RUPS)
                Enhancing the Value of the General Meeting of Shareholders (GMS)

                 1.1.     Perusahaan terbuka memiliki cara atau prosedur teknis               Terpenuhi / Complied
                          pengumpulan suara (voting) baik secara terbuka maupun
                          tertutup yang mengedepankan independensi, dan kepentingan           Prosedur pemungutan suara diatur dalam peraturan RUPS yang
                          pemegang saham.                                                     dibagikan kepada para pemegang saham pada setiap pelaksanaan
                          The public company has established technical procedures for         RUPS.
                          vote collection (voting), both open and closed, that prioritize     The voting procedure is governed by the GMS rules, which are
                          independence and the interests of shareholders.                     distributed to shareholders at each GMS session.

                 1.2.     Seluruh anggota Direksi dan anggota Dewan Komisaris                 Tidak Terpenuhi / Not Complied
                          perusahaan terbuka hadir dalam RUPS Tahunan.
                          All members of the Board of Directors and the Board of              Dalam RUPST yang diselenggarakan pada 16 September 2025, salah
                          Commissioners of the public company are present at the Annual       satu Direktur Nonresiden Perseroan, yaitu Hiroki Majima, tidak
                          GMS.                                                                dapat menghadiri rapat karena tidak berdomisili dan tidak berada
                                                                                              di Indonesia pada saat pelaksanaan RUPST. Sementara itu, seluruh
                                                                                              anggota Dewan Komisaris hadir secara lengkap.
                                                                                              At the AGMS held on September 16, 2025, one of the Company’s
                                                                                              Non-Resident Directors, Mr. Hiroki Majima, was unable to attend the
                                                                                              meeting as he was not domiciled in nor present in Indonesia at the time
                                                                                              of the AGMS. Meanwhile, all members of the Board of Commissioners
                                                                                              were in full attendance.

                 1.3.     Ringkasan risalah RUPS tersedia dalam situs web perusahaan          Terpenuhi / Complied
                          terbuka paling sedikit selama 1 (satu) tahun.
                          A summary of the minutes of the GMS is available on the company’s   Ringkasan risalah RUPS tersedia dalam situs web resmi Perseroan
                          website for at least 1 (one) year.                                  dengan jangka waktu lebih dari 1 (satu) tahun.
                                                                                              A summary of the GMS minutes is available on the Company’s official
                                                                                              website for a period of more than 1 (one) year.
         2.    Meningkatkan Kualitas Komunikasi Perusahaan Terbuka dengan Pemegang Saham atau Investor
                Improving Communication Quality Between the Public Company and Shareholders or Investors

                 2.1.     Perusahaan terbuka memiliki suatu kebijakan komunikasi              Terpenuhi / Complied
                          dengan pemegang saham atau investor.
                          The public company has a communication policy with shareholders     Perseroan memiliki kebijakan komunikasi untuk berinteraksi dengan
                          or investors.                                                       pemegang saham atau investor serta menyediakan berbagai saluran
                                                                                              komunikasi yang dikelola oleh Sekretaris Perusahaan.
                                                                                              The Company has a communication policy for interacting with
                                                                                              shareholders or investors and provides various communication
                                                                                              channels managed by the Corporate Secretary.

                 2.2.     Perusahaan terbuka mengungkapkan kebijakan komunikasi               Terpenuhi / Complied
                          perusahaan terbuka dengan pemegang saham atau investor
                          dalam situs web.                                                    Perseroan telah mengungkapkan kebijakan komunikasi dengan
                          The public company discloses its communication policy with          pemegang saham atau investor melalui situs web Perusahaan.
                          shareholders or investors on its website.                           The Company has disclosed its communication policy with
                                                                                              shareholders or investors through the Company’s website.
 B.    Fungsi dan Peran Dewan Komisaris
       Functions and Roles of the Board of Commissioners
         3.    Memperkuat Keanggotaan dan Komposisi Dewan Komisaris
                Strengthening the Membership and Composition of the Board of Commissioners

                 3.1.     Penentuan     jumlah      anggota     Dewan       Komisaris         Terpenuhi / Complied
                          mempertimbangkan kondisi perusahaan terbuka.
                          The determination of the number of members of the Board of          Perseroan menetapkan jumlah anggota Dewan Komisaris dengan
                          Commissioners takes into account the condition of the public        mempertimbangkan kondisi serta kebutuhan operasional Perseroan,
                          company.                                                            mengacu pada POJK No. 33/POJK.04/2014 tentang Direksi dan
                                                                                              Dewan Komisaris Emiten atau Perusahaan Publik.
                                                                                              The Company determines the number of members of the Board of
                                                                                              Commissioners by taking into account the Company’s condition and
                                                                                              operational needs, with reference to POJK No. 33/POJK.04/2014
                                                                                              concerning the Board of Directors and the Board of Commissioners of
                                                                                              Issuers or Public Companies.




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                                                                                                                                                                03

                         Aspek, Prinsip, dan Rekomendasi
                                                                                                                              Status
                        Aspect, Principles, and Recommendations
                 3.2.     Penentuan    komposisi   anggota  Dewan    Komisaris                 Terpenuhi / Complied
                          memperhatikan keberagaman keahlian, pengetahuan dan
                          pengalaman yang dibutuhkan.                                          Perseroan menetapkan komposisi Dewan Komisaris dengan
                          The composition of the members of the Board of Commissioners is      mempertimbangkan keberagaman keahlian, pengetahuan, dan
                          designed to ensure diversity in the required expertise, knowledge,   pengalaman yang relevan. Informasi mengenai keahlian dan
                          and experience.                                                      pengalaman masing-masing anggota Dewan Komisaris dapat
                                                                                               ditemukan dalam profil Dewan Komisaris yang disajikan dalam
                                                                                               Laporan ini.
                                                                                               The Company determines the composition of the Board of
                                                                                               Commissioners by taking into account the diversity of expertise,
                                                                                               knowledge, and experience. Information regarding the expertise and
                                                                                               experience of each member of the Board of Commissioners can be
                                                                                               found in the Board of Commissioners’ profiles presented in this Report.
         4.     Meningkatkan Kualitas Pelaksanaan Tugas dan Tanggung Jawab Dewan Komisaris
                Enhancing the Quality of the Board of Commissioners' Duties and Responsibilities

                 4.1.     Dewan Komisaris mempunyai kebijakan penilaian sendiri                Terpenuhi / Complied
                          (self-assessment) untuk menilai kinerja Dewan Komisaris.
                          The Board of Commissioners has a self-assessment policy to           Perseroan telah memiliki kebijakan self-assessment untuk menilai
                          evaluate its performance.                                            kinerja Dewan Komisaris. Namun, kebijakan tersebut belum
                                                                                               dituangkan secara formal dalam Piagam Dewan Komisaris.
                                                                                               The Company has established a self-assessment policy to evaluate the
                                                                                               performance of the Board of Commissioners. However, this policy has
                                                                                               not yet been formally incorporated into the Charter of the Board of
                                                                                               Commissioners.

                 4.2.     Kebijakan penilaian sendiri (self-assessment) untuk menilai          Terpenuhi / Complied
                          kinerja Dewan Komisaris, diungkapkan melalui laporan
                          tahunan perusahaan terbuka.                                          Perseroan telah mengungkapkan kebijakan self-assessment Dewan
                          The Board of Commissioners’ self-assessment policy for evaluating    Komisaris dalam Laporan ini. Kebijakan self-assessment Dewan
                          performance is disclosed in the company’s annual report.             Komisaris Perseroan dapat dilihat pada bagian “Penilaian Kinerja
                                                                                               Dewan Komisaris” dalam Laporan ini.
                                                                                               The Company has disclosed the Board of Commissioners’ self-
                                                                                               assessment policy in this Report. The Company’s Board of
                                                                                               Commissioners self-assessment policy can be found in the section
                                                                                               titled “Performance Evaluation of the Board of Commissioners” in this
                                                                                               Report.

                 4.3.     Dewan Komisaris mempunyai kebijakan terkait pengunduran              Terpenuhi / Complied
                          diri anggota Dewan Komisaris apabila terlibat dalam kejahatan
                          keuangan.                                                            Perseroan memiliki kebijakan pengunduran diri untuk anggota Dewan
                          The Board of Commissioners has a policy regarding the resignation    Komisaris yang terlibat dalam kejahatan keuangan sebagaimana
                          of members of the Board of Commissioners in the event of             dimuat dalam Piagam Dewan Komisaris.
                          involvement in financial crimes.                                     The Company has a resignation policy for members of the Board of
                                                                                               Commissioners who are involved in financial crimes, as stipulated in
                                                                                               the Charter of the Board of Commissioners.

                 4.4.     Dewan Komisaris atau Komite yang menjalankan fungsi                  Terpenuhi / Complied
                          nominasi dan remunerasi menyusun kebijakan suksesi dalam
                          proses nominasi anggota Direksi.                                     Perseroan menyusun kebijakan suksesi melalui Dewan Komisaris yang
                          The Board of Commissioners, or the Committee responsible for         menjalankan fungsi Nominasi dan Remunerasi dengan mengacu pada
                          the nomination and remuneration functions, develops a succession     POJK No. 33/POJK.04/2014 tentang Direksi dan Dewan Komisaris
                          policy for the nomination process of members of the Board of         Emiten atau Perusahaan Publik.
                          Directors.                                                           The Company formulates its succession policy through the Board of
                                                                                               Commissioners, which carries out the Nomination and Remuneration
                                                                                               functions, in accordance with POJK No. 33/POJK.04/2014 concerning
                                                                                               the Board of Directors and the Board of Commissioners of Issuers or
                                                                                               Public Companies.
 C.     Fungsi dan Peran Direksi
        Functions and Roles of the Board of Directors
         5.     Memperkuat Keanggotaan dan Komposisi Direksi
                Strengthening the Membership and Composition of the Board of Directors

                 5.1.     Penentuan jumlah anggota Direksi mempertimbangkan                    Terpenuhi / Complied
                          kondisi perusahaan terbuka serta efektivitas dalam
                          pengambilan keputusan.                                               Perseroan menetapkan jumlah anggota Direksi dengan
                          The determination of the number of members of the Board of           mempertimbangkan kondisi internal Perseroan serta untuk
                          Directors takes into account the condition of the public company     memastikan efektivitas dalam proses pengambilan keputusan,
                          and the effectiveness of decision-making.                            mengacu pada POJK No. 33/POJK.04/2014 tentang Direksi dan
                                                                                               Dewan Komisaris Emiten atau Perusahaan Publik.
                                                                                               The Company determines the number of members of the Board of
                                                                                               Directors by considering the Company’s internal conditions and
                                                                                               ensuring effectiveness in the decision-making process, with reference
                                                                                               to POJK No. 33/POJK.04/2014 concerning the Board of Directors and
                                                                                               the Board of Commissioners of Issuers or Public Companies.




2025 Annual Report & Sustainability Report                                     137                                                         PT Hexindo Adiperkasa Tbk

Page 138
 Ikhtisar 2025 | 2025 Highlights                                                        Tata Kelola Perusahaan | Good Corporate Governance
 Laporan Manajemen | Management Report                                                  Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                    Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




                         Aspek, Prinsip, dan Rekomendasi
                                                                                                                                   Status
                        Aspect, Principles, and Recommendations
                 5.2.     Penentuan komposisi anggota Direksi memperhatikan                      Terpenuhi / Complied
                          keberagaman, keahlian, pengetahuan, dan pengalaman yang
                          dibutuhkan.                                                            Perseroan menetapkan komposisi anggota Direksi dengan
                          The composition of the members of the Board of Directors considers     mempertimbangkan keberagaman keahlian, pengetahuan, dan
                          the required diversity, expertise, knowledge, and experience.          pengalaman yang relevan. Informasi mengenai keahlian dan
                                                                                                 pengalaman masing-masing anggota Direksi dapat ditemukan dalam
                                                                                                 profil Direksi yang disajikan dalam Laporan ini.
                                                                                                 The Company determines the composition of the Board of Directors
                                                                                                 by considering the diversity of expertise, knowledge, and relevant
                                                                                                 experience. Information regarding the expertise and experience of
                                                                                                 each member of the Board of Directors can be found in the Board of
                                                                                                 Directors’ profiles presented in this Report.

                 5.3.     Anggota Direksi yang membawahi bidang akuntansi atau                   Terpenuhi / Complied
                          keuangan memiliki keahlian dan/atau pengetahuan di bidang
                          akuntansi.                                                             Anggota Direksi Perseroan yang membawahi bidang akuntansi atau
                          Members of the Board of Directors responsible for accounting or        keuangan memiliki keahlian dan/atau pengetahuan di bidang tersebut,
                          finance possess expertise and/or knowledge in accounting.              sebagaimana tercantum pada bagian Profil Direksi dalam Laporan ini.
                                                                                                 Members of the Company’s Board of Directors responsible for
                                                                                                 accounting or finance possess expertise and/or knowledge in the
                                                                                                 respective fields, as disclosed in the Board of Directors’ Profile section
                                                                                                 of this Report.
         6.    Meningkatkan Kualitas Pelaksanaan Tugas dan Tanggung Jawab Direksi
                Enhancing the Quality of the Board's Duties and Responsibilities

                 6.1.     Direksi mempunyai kebijakan penilaian sendiri (self-                   Terpenuhi / Complied
                          assessment) untuk menilai kinerja Direksi.
                          The Board of Directors has a self-assessment policy to evaluate its    Perseroan telah memiliki kebijakan self-assessment untuk menilai
                          performance.                                                           kinerja Direksi. Namun, kebijakan tersebut belum dituangkan secara
                                                                                                 formal dalam Piagam Direksi.
                                                                                                 The Company has established a self-assessment policy to evaluate the
                                                                                                 performance of the Board of Directors. However, the policy has not yet
                                                                                                 been formally incorporated into the Charter of the Board of Directors.

                 6.2.     Kebijakan penilaian sendiri (self-assessment) untuk menilai            Terpenuhi / Complied
                          kinerja Direksi diungkapkan melalui laporan tahunan
                          perusahaan terbuka.                                                    Perseroan telah mengungkapkan kebijakan self-assessment Direksi
                          The self-assessment policy for evaluating the performance of the       dalam Laporan ini. Kebijakan self-assessment Direksi Perseroan dapat
                          Board of Directors is disclosed in the annual report of the public     dilihat pada bagian “Penilaian Kinerja Direksi” dalam Laporan ini.
                          company.                                                               The Company has disclosed the Board of Directors’ self-assessment
                                                                                                 policy in this Report. The policy can be found in the section
                                                                                                 “Performance Evaluation of the Board of Directors” in this Report.

                 6.3.     Direksi mempunyai kebijakan terkait pengunduran diri                   Terpenuhi / Complied
                          anggota Direksi apabila terlibat dalam kejahatan keuangan.
                          The Board of Directors has a policy regarding the resignation of       Perseroan memiliki kebijakan pengunduran diri untuk anggota
                          members of the Board of Directors involved in financial crimes.        Direksi yang terlibat dalam kejahatan keuangan sebagaimana dimuat
                                                                                                 dalam Piagam Direksi.
                                                                                                 The Company has a resignation policy for members of the Board of
                                                                                                 Directors involved in financial crimes, as stipulated in the Charter of
                                                                                                 the Board of Directors.
 D.    Partisipasi Pemangku Kepentingan
       Stakeholder Participation
         7.    Meningkatkan Aspek Tata Kelola Perusahaan melalui Partisipasi Pemangku Kepentingan
                Enhancing Corporate Governance through Stakeholder Participation

                 7.1.     Perusahaan terbuka memiliki kebijakan untuk mencegah                   Terpenuhi / Complied
                          terjadinya insider trading.
                          The public company has a policy to prevent insider trading.            Perseroan memiliki kebijakan untuk mencegah terjadinya insider
                                                                                                 trading yang terdapat pada Pedoman Perilaku Perseroan dan tercakup
                                                                                                 dalam lingkup Sistem Pengendalian Internal Perseroan.
                                                                                                 The Company has a policy to prevent insider trading as stipulated in
                                                                                                 the Company’s Code of Conduct and covered under the Company’s
                                                                                                 Internal Control System.

                 7.2.     Perusahaan terbuka memiliki kebijakan anti korupsi dan anti-           Terpenuhi / Complied
                          fraud The public company has anti-corruption and anti-fraud
                          policies.                                                              Perseroan memiliki kebijakan yang mendukung pencegahan korupsi
                                                                                                 dan fraud dan tercakup dalam Pedoman Antikorupsi Perseroan.
                                                                                                 The Company has policies supporting the prevention of corruption
                                                                                                 and fraud, as outlined in the Company’s Anti-Corruption Guidelines.




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                                                                                                                                                                  03

                         Aspek, Prinsip, dan Rekomendasi
                                                                                                                               Status
                        Aspect, Principles, and Recommendations
                 7.3.     Perusahaan terbuka memiliki kebijakan tentang seleksi dan            Terpenuhi / Complied
                          peningkatan kemampuan pemasok atau vendor.
                          The public company has policies regarding the selection and          Perseroan menerapkan kebijakan seleksi terhadap pemasok atau
                          capability enhancement of suppliers or vendors.                      vendor yang dituangkan dalam “Kebijakan Seleksi Vendor” yang
                                                                                               disusun oleh Procurement & Investment Department.
                                                                                               The Company implements a supplier or vendor selection policy
                                                                                               as stipulated in the “Vendor Selection Policy” prepared by the
                                                                                               Procurement & Investment Department.

                 7.4.     Perusahaan terbuka memiliki kebijakan untuk pemenuhan                Terpenuhi / Complied
                          hak-hak kreditor.
                          The public company has policies to fulfill creditors’ rights.        Kebijakan tentang pemenuhan hak-hak kreditor tercantum dalam
                                                                                               perjanjian yang dibuat oleh masing-masing kreditor dengan Perseroan.
                                                                                               Policies regarding the fulfillment of creditors’ rights are stipulated in
                                                                                               agreements made between each creditor and the Company.

                 7.5.     Perusahaan terbuka memiliki kebijakan sistem whistleblowing.         Terpenuhi / Complied
                          The public company has a whistleblowing system policy.
                                                                                               Perseroan telah memiliki dan menerapkan kebijakan whistleblwoing
                                                                                               system.
                                                                                               The Company has established and implemented a whistleblowing
                                                                                               system policy.

                 7.6.     Perusahaan terbuka memiliki kebijakan pemberian insentif             Terpenuhi / Complied
                          jangka panjang kepada Direksi dan karyawan.
                          The public company has a policy for providing long-term incentives   Perseroan memiliki kebijakan pemberian insentif jangka panjang
                          to the Board of Directors and employees.                             berupa bonus berbasis kinerja jangka panjang dan/atau manfaat pasca
                                                                                               kerja kepada Direksi dan karyawan.
                                                                                               The Company has a long-term incentive policy in the form of long-
                                                                                               term performance-based bonuses and/or post-employment benefits
                                                                                               for the Board of Directors and employees.
 E.     Keterbukaan Informasi
        Information Disclosure
         8.     Meningkatkan pelaksanaan keterbukaan informasi
                Enhancing the Implementation of Information Disclosure

                 8.1.     Perusahaan terbuka memanfaatkan penggunaan teknologi                 Terpenuhi / Complied
                          informasi secara lebih luas selain situs web sebagai media
                          keterbukaan informasi.                                               Selain menggunakan situs web resmi, Perseroan juga memanfaatkan
                          The public company utilizes information technology more broadly,     media sosial untuk menyebarluaskan informasi terkait dengan
                          beyond its website, as a medium for information disclosure.          informasi terkini Perseroan.
                                                                                               In addition to using the official website, the Company also utilizes
                                                                                               social media to disseminate information related to the Company’s
                                                                                               latest developments.

                 8.2.     Laporan tahunan perusahaan terbuka mengungkapkan                     Terpenuhi / Complied
                          pemilik manfaat akhir dalam kepemilikan saham perusahaan
                          terbuka paling sedikit 5% (lima persen) selain pengungkapan          Perseroan telah mengungkapkan pemilik manfaat akhir dalam
                          pemilik manfaat akhir dalam kepemilikan saham perusahaan             kepemilikan saham Perseroan, yang dapat dilihat pada bagian
                          terbuka melalui pemegang saham utama dan pengendali.                 Pemegang Saham Utama dan Pengendali dalam Laporan ini.
                          The annual report of the public company discloses the ultimate       The Company has disclosed the ultimate beneficial owners of the
                          beneficial owners holding at least 5% (five percent) of shares, in   Company’s share ownership, as presented in the Major and Controlling
                          addition to the disclosure of ultimate beneficial owners through     Shareholders section of this Report.
                          major and controlling shareholders.




2025 Annual Report & Sustainability Report                                         139                                                      PT Hexindo Adiperkasa Tbk

Page 140
 Ikhtisar 2025 | 2025 Highlights                                              Tata Kelola Perusahaan | Good Corporate Governance
 Laporan Manajemen | Management Report                                        Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                          Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Rapat Umum Pemegang Saham
General Meetings of Shareholders



RUPS merupakan organ tertinggi dalam struktur tata kelola                     The GMS is the highest governing body within the Company's
Perusahaan dengan kewenangan yang tidak dimiliki oleh                         corporate governance structure. It holds authorities that are not
Direksi maupun Dewan Komisaris, sesuai dengan peraturan                       vested in the Board of Directors or the Board of Commissioners,
perundang-undangan yang berlaku dan/atau Anggaran Dasar                       as stipulated by applicable laws and regulations and/or the
Perseroan.                                                                    Company's Articles of Association.


DASAR HUKUM                                                                   LEGAL BASIS
Dasar hukum mengenai penyelenggaraan RUPS Perseroan                           The legal basis governing the conduct of the Company's GMS
mengacu pada ketentuan dan peraturan perundang-undangan                       refers to the following laws and regulations:
berikut:
1.   UU No. 40 Tahun 2007 tentang Perseroan Terbatas;                         1.     Law No. 40 of 2007 concerning Limited Liability
                                                                                     Companies;
2.   POJK No. 15/POJK.04/2020 tentang Rencana dan                             2.     Financial Services Authority Regulation (POJK) No. 15/
     Penyelenggaraan            Rapat      Umum         Pemegang      Saham          POJK.04/2020 concerning the Planning and Conduct of
     Perusahaan Terbuka;                                                             General Meetings of Shareholders of Public Companies;
3.   Peraturan Otoritas Jasa Keuangan Republik Indonesia                      3.     Financial Services Authority of the Republic of Indonesia
     No. 14 Tahun 2025 Tentang Pelaksanaan Rapat Umum                                Regulation No. 14 of 2025 concerning the Electronic
     Pemegang Saham, Rapat Umum Pemegang Obligasi, Dan                               Implementation of General Meetings of Shareholders,
     Rapat Umum Pemegang Sukuk secara Elektronik; dan                                General Meetings of Bondholders, and General Meetings
                                                                                     of Sukuk Holders; and
4.   Anggaran Dasar Perseroan.                                                4.     The Company's Articles of Association.


JENIS RUPS                                                                    TYPES OF GMS
Menurut UU No. 40 Tahun 2007, RUPS terbagi menjadi 2                          Pursuant to Law No. 40 of 2007, there are two (2) types of
(dua) jenis, yaitu:                                                           General Meetings of Shareholders:
1.   RUPS Tahunan, yang wajib dilaksanakan dalam jangka                       1.     Annual GMS, which must be held no later than six (6)
     waktu paling lambat 6 (enam) bulan setelah tahun buku                           months after the end of the financial year; and
     berakhir; dan
2.   RUPS Luar Biasa, yang dapat dilaksanakan sewaktu-waktu                   2.     Extraordinary GMS, which may be held at any time as
     berdasarkan kebutuhan untuk kepentingan Perseroan.                              required in the interests of the Company.


WEWENANG RUPS                                                                 AUTHORITIES OF THE GMS
Kewenangan RUPS diatur dalam UU No. 40 Tahun 2007,                            The authorities of the GMS, as regulated under Law No. 40 of
antara lain:                                                                  2007, include the following:
1.   Perubahan Anggaran Dasar Perseroan;                                      1.     Amendments to the Company's Articles of Association;
2.   Penggabungan,            Peleburan,         Pengambilalihan,      atau   2.     Mergers,       consolidations,          acquisitions,    or    spin-offs
     Pemisahan Perseroan;                                                            involving the Company;
3.   Pembubaran Perseroan;                                                    3.     The dissolution of the Company;
4.   Permohonan Pernyataan Pailit Perseroan;                                  4.     The filing of a bankruptcy petition for the Company;
5.   Menyetujui pembagian dividen dan penggunaan laba                         5.     Approving dividend distributions and the allocation of
     bersih;                                                                         net profit;
6.   Mengangkat, memberhentikan, dan menentukan gaji/                         6.     Appointing and dismissing members of the Board of
     honorarium Direksi dan Dewan Komisaris;                                         Directors and Board of Commissioners, and determining
                                                                                     their salaries and/or honoraria;



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7.    Memberhentikan sementara atau tetap anggota Direksi;                            7.     Temporarily or permanently dismissing members of the
                                                                                             Board of Directors;
8.    Menyetujui pengalihan atau penjaminan lebih dari 50%                            8.     Approving the transfer or encumbrance of assets
      kekayaan bersih Perseroan;                                                             representing more than 50% of the Company's net assets;
9.    Menyetujui pembelian kembali saham oleh Perseroan;                              9.     Approving share buyback programs conducted by the
                                                                                             Company;
10. Menyetujui penambahan atau pengurangan modal;                                     10. Approving increases or reductions in the Company's
                                                                                             capital;
11. Menyetujui laporan tahunan, termasuk laporan keuangan                             11. Approving the Annual Report, including the audited
      yang telah diaudit; dan                                                                financial statements; and
12. Dapat        menyerahkan             kewenangan          kepada   Dewan           12. Delegating authority to the Board of Commissioners to
      Komisaris untuk menyetujui pelaksanaan keputusan                                       approve the implementation of GMS resolutions relating
      RUPS terkait pembelian kembali saham atau penambahan                                   to share buybacks or capital increases.
      modal.


PELAKSANAAN RUPS                                                                      IMPLEMENTATION OF THE GMS
Pelaksanaan RUPS dilakukan sesuai dengan ketentuan                                    The GMS was conducted in accordance with the Company's
Anggaran Dasar Perseroan dan prinsip-prinsip tata kelola                              Articles of Association and the principles of good corporate
perusahaan yang baik, yang mencakup tahapan-tahapan                                   governance, encompassing the following stages:
sebagai berikut:


Tahapan Pelaksanaan RUPS
Stages of the GMS Implementation

                  Pemberitahuan Rencana RUPS
                                                                       Pengumuman Penyelenggaraan                         Pemanggilan Penyelenggaraan
                       kepada Regulator
       1          Notification of the GMS Plan to the          2                RUPS
                                                                           Announcement of the GMS
                                                                                                                 3                  RUPS
                                                                                                                                 Invitation to the GMS
                               Regulator

                   Paling lambat 5 (lima) hari kerja                    Paling lambat 14 (empat belas)                    Paling lambat 21 (dua puluh satu)
                    sebelum Pengumuman RUPS.                           hari sebelum pemanggilan RUPS,                      hari sebelum pelaksanaan RUPS,
                                                                       tanpa memperhitungkan tanggal                       tanpa memperhitungkan tanggal
                   No later than 5 (five) working days                  pemanggilan dan pengumuman                       pelaksanaan dan pemanggilan RUPS.
                   prior to the GMS announcement.                                   RUPS.
                                                                                                                            No later than 21 (twenty-one) days
                                                                       No later than 14 (fourteen) days prior            prior to the GMS, excluding the dates of
                                                                         to the GMS invitation, excluding                   the GMS and the GMS invitation.
                                                                        the dates of the GMS invitation and
                                                                                  announcement.




                    Penyampaian Risalah RUPS                          Pengumuman Ringkasan Risalah
                        kepada Regulator                                        RUPS
       6          Submission of the GMS Minutes to             5       Announcement of the Summary of            4               Pelaksanaan RUPS
                                                                                                                                 Execution of the GMS
                           the Regulator                                     the GMS Minutes

                  Paling lambat 30 (tiga puluh) hari                    Paling lambat 2 (dua) hari kerja                 RUPST dilaksanakan paling lambat
                      setelah pelaksanaan RUPS.                           setelah pelaksanaan RUPS.                      6 (enam) bulan setelah tahun buku
                                                                                                                         berakhir, sedangkan RUPSLB dapat
                  No later than 30 (thirty) days after the            No later than 2 (two) working days after              dilaksanakan sewaktu-waktu.
                   General Meeting of Shareholders.                               the GMS is held.
                                                                                                                          The AGMS shall be held no later than
                                                                                                                            6 (six) months after the end of the
                                                                                                                         financial year, while the EGMS may be
                                                                                                                                     held at any time.




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Page 142
 Ikhtisar 2025 | 2025 Highlights                                                       Tata Kelola Perusahaan | Good Corporate Governance
 Laporan Manajemen | Management Report                                                 Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                   Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




PELAKSANAAN RUPS                                                                       CONDUCT OF THE GMS
Sepanjang tahun 2025, Perseroan hanya melaksanakan 1                                   Throughout 2025, the Company held one (1) General Meeting
(satu) kali Rapat Umum Pemegang Saham (RUPS), yaitu                                    of Shareholders (GMS), namely the Annual General Meeting
Rapat Umum Pemegang Saham Tahunan (RUPST) yang                                         of Shareholders (AGMS), which was convened on September
diselenggarakan pada tanggal 16 September 2025.                                        16, 2025.


RUPST diselenggarakan secara hybrid, yaitu dengan kehadiran                            The AGMS was conducted in a hybrid format, combining
fisik serta partisipasi daring melalui aplikasi Electronic                             physical attendance with virtual participation through the
General Meeting System (eASY.KSEI) yang disediakan oleh                                Electronic General Meeting System (eASY.KSEI) application
PT Kustodian Sentral Efek Indonesia (KSEI). Berikut adalah                             provided by PT Kustodian Sentral Efek Indonesia (KSEI).The
rincian pelaksanaan dan hasil keputusan RUPST pada tahun                               following presents the details of the AGMS and the resolutions
2025:                                                                                  adopted at the 2025 meeting:

Pelaksanaan RUPS Tahun Buku 2025
Implementation of the GMS for the Fiscal Year 2025

 Hari, Tanggal                                      Selasa, 16 september 2025
 Day, Date                                          Tuesday, September 16,2025
 Waktu                                              10.22 – 11.24 WIB
 Time                                               10.22 – 11.24 WIB (Western Indonesian Time)
 Tempat                                             Kantor Pusat Perseroan - Kawasan Industri Pulogadung, jalan Pulo Kambing II Kavling I dan II nomor 33,
 Venue                                              Jakarta Timur 13930, Indonesia.
                                                    The Company's Head Office – Pulo Gadung Industrial Estate, Jalan Pulo Kambing II Kav. I and II number 33, East
                                                    Jakarta 13930, Indonesia.
 Kuorum Kehadiran                                   Rapat dihadiri oleh para pemegang saham atau kuasanya yang sah sejumlah 695.892.651 saham atau
 Quorum of Attendance                               82,844% dari total 840.000.000 saham yang merupakan seluruh saham dengan hak suara yang sah yang
                                                    telah dikeluarkan oleh Perseroan.
                                                    The Meeting was attended by 695.892.651 shares or equivalent to 82.844% shareholders or the authorized proxy
                                                    of shareholders with valid voting rights of the 840,000,000 shares which are all shares with valid voting rights that
                                                    have been issued by the Company.
 Kehadiran Direksi dan Dewan Komisaris              Direksi / Board of Directors:
 Attendance of the Board of Directors and the       •      Direktur/Director
 Board of Commissioners                                    Yasumasa Zaizen
                                                    •      Direktur/Director
                                                           Nobuyasu Hagiwara
                                                    •      Direktur/Director
                                                           Teru Karahashi
                                                    •      Direktur/Director
                                                           Dwi Swasono
                                                    •      Direktur/Director
                                                           Yoshendri
                                                    •      Direktur/Director
                                                           Ryoji Tanaka
                                                    •      Direktur/Director
                                                           Akihiro Yoshida

                                                    Dewan Komisasris / Board of Commissioners:
                                                    •      Presiden Komisaris (Komisaris Independen)/President Commissioner (Independent Commissioner)
                                                           Drs. Toto Wahyudiyanto
                                                    •      Komisaris Independen/Independent Commissioner
                                                           Harry Danui
                                                    Untuk melakukan validasi dan verifikasi terhadap penghitungan suara dalam Rapat, Perseroan menunjuk
                                                    PT Raya Saham Registra sebagai Biro Administrasi Efek dan Gatot Widodo, S.E., S.H., M.Kn. sebagai
 Pihak Independen
 Independent Parties
                                                    Notaris, yang berstatus sebagai pihak independent.
                                                    To validate and verify the vote counting at the Meeting, the Company appointed PT Raya Saham Registra as the
                                                    Share Registrar and Gatot Widodo, S.E., S.H., M.Kn. as the Notary, both of whom act as independent parties.



Hasil keputusan RUPST tersebut dituangkan dalam Akta                                   The resolutions of the AGMS were documented in Deed of
Berita Acara RUPST Perseroan No. 3 tanggal 16 September                                Minutes of the Company's AGMS No. 3 dated September 16,
2025, yang dibuat di hadapan Gatot Widodo, S.E., S.H., M.Kn.,                          2025, drawn up before Gatot Widodo, S.E., S.H., M.Kn., Notary
Notaris di Jakarta. Berikut adalah realisasi atas keputusan                            in Jakarta. The following outlines the implementation of the
RUPST tersebut                                                                         resolutions adopted at the AGMS:




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Mata Acara RUPS dan Keputusannya serta Tindak Lanjut Manajemen atas Hasil Keputusan Rapat
Meeting Agenda of the GMS and its Resolutions, as Well as the Folow-up to the Resolution of the Meeting

                                                                           Mata Acara 1
                                                                             1st Agenda
 Persetujuan dan pengesahan Laporan Tahunan Perseroan untuk tahun buku              Approval and ratification of the Company's Annual Report for the fiscal
 yang berakhir pada tanggal 31 Maret 2025, termasuk di dalamnya Laporan             year ended March 31, 2025, which includes: the Company's Activity
 Kegiatan Perseroan, Laporan Pengawasan Dewan Komisaris dan Laporan                 Report, the Board of Commissioners' Supervisory Report and Company's
 Keuangan Perseroan untuk tahun buku yang berakhir pada tanggal 31                  Financial Statement for the fiscal year ended March 31, 2025; and to give
 Maret 2025, serta pemberian pelunasan dan pembebasan tanggung jawab                full discharge and release of responsibility (acquit et de charge) to the
 sepenuhnya (acquit et de charge) kepada Direksi dan Dewan Komisaris                Board of Directors and the Board of Commissioners for their management
 Perseroan atas tindakan pengurusan dan pengawasan yang mereka lakukan              and supervision during financial year ended March 31, 2025.
 dalam tahun buku yang berakhir pada tanggal 31 Maret 2025.
                                                                             Keputusan
                                                                              Decision
 Menyetujui dan mengesahkan Laporan Tahunan Perseroan untuk tahun                   Approved and ratified the Company's Annual Report for the fiscal year
 buku yang berakhir pada tanggal 31 Maret 2025, termasuk di dalamnya                ended March 31, 2025, which includes: the Company's Activity Report, the
 Laporan Kegiatan Perseroan, Laporan Pengawasan Dewan Komisaris dan                 Board of Commissioners' Supervisory Report and Company's Financial
 Laporan Keuangan Perseroan untuk tahun buku yang berakhir pada tanggal             Statement for the fiscal year ended March 31, 2025; and grant full release
 31 Maret 2025, serta memberikan pelunasan dan pembebasan tanggung                  and discharge of responsibility (acquit et de charge) to the Board of
 jawab sepenuhnya (acquit et de charge) kepada Direksi dan Dewan Komisaris          Directors and the Board of Commissioners for their management and
 Perseroan atas tindakan pengurusan dan pengawasan yang mereka lakukan              supervision during financial year ended March 31, 2025.
 dalam tahun buku yang berakhir pada tanggal 31 Maret 2025.
                                                                       Hasil Pemungutan Suara
                                                                             Voting Result
 Setuju                                      695.831.051 (99,99115%)                Agree                                    695,831,051 (99.99115%)
 Abstain                                     61.600 (0,00885%)                      Abstain                                  61,600 (0.00885%)
 Tidak Setuju                                0                                      Disagree                                 0
 Total Suara Setuju                          695.892.651 (100%)                     Total Votes Agree                        695,892,651 (100%)
                                                                             Realisasai
                                                                             Realization
 Telah direalisasikan pada tahun buku 2025.                                         It has been realized in the fiscal year 2025.


                                                                           Mata Acara 2
                                                                             2nd Agenda
 Penetapan Penggunaan Laba Perseroan untuk tahun buku yang berakhir                  Stipulation of the utilization of the Company’s profit for the financial year
 pada tanggal 31 Maret 2025.                                                         ended on March 31, 2025.
                                                                             Keputusan
                                                                              Decision
 a. Menyetujui penggunaan laba bersih Perseroan untuk tahun buku yang                a. Approve of the Company’s net profit usage for fiscal year ended on
    berakhir pada tanggal 31 Maret 2025, yaitu:                                         March 31, 2025.
    i. sebesar USD21.743.400 atau sebesar 70% dari laba bersih Perseroan                i. in the amount of USD21,743,400 or 70% of the net profit of the
        untuk tahun buku yang berakhir pada tanggal 31 Maret 2025,                         Company for fiscal year ended on March 31, 2025, distribute as
        dibagikan sebagai dividen tunai kepada para pemegang saham                         cash dividend to the shareholders of the Company, so every share
        Perseroan sehingga setiap saham akan memperoleh dividen tunai                      will obtain cash dividend in the amount of USD0.025885.
        sebesar USD0,025885.
    ii. Sisa laba bersih untuk tahun buku yang berakhir pada tanggal 31                 ii. The remaining net profit for fiscal year ended on March 31, 2025,
        Maret 2025 dibukukan sebagai laba ditahan;                                          booked as retained earnings.
 b. Memberikan kuasa dan wewenang kepada Direksi Perseroan untuk                     b. Grants power of attorney and authority to the Board of Directors of the
    melakukan setiap dan semua tindakan yang diperlukan sehubungan                      Company to do every and each action needed related to the resolution
    dengan keputusan tersebut di atas, sesuai dengan peraturan perundang-               above, in accordance with the prevailing laws and regulations.
    undangan yang berlaku.
                                                                       Hasil Pemungutan Suara
                                                                             Voting Result
 Setuju                                          695.173.251 (99,89662%)             Agree                                   695,173,251 (99.89662%)
 Abstain                                         61.600 (0,00885%)                   Abstain                                 61,600 (0.00885%)
 Tidak Setuju                                    657,800 (0.09426%)                  Disagree                                657,800 (0.09426%)
 Total Suara Setuju                              695.234.851 (99,90547%)             Total Votes Agree                       695,234,851 (99.90547%)
                                                                             Realisasai
                                                                             Realization
 Telah direalisasikan pada tahun buku 2025.                                          It has been realized in the fiscal year 2025.




2025 Annual Report & Sustainability Report                                     143                                                      PT Hexindo Adiperkasa Tbk

Page 144
 Ikhtisar 2025 | 2025 Highlights                                                    Tata Kelola Perusahaan | Good Corporate Governance
 Laporan Manajemen | Management Report                                              Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




                                                                          Mata Acara 3
                                                                            3rd Agenda
 Penunjukan Akuntan Publik dan/atau Kantor Akuntan Publik untuk tahun              Appointment of Public Accountant and/or Public Accountant Office for
 buku 1 April 2025 sampai dengan 31 Maret 2026.                                    the financial year April 1, 2025, until March 31, 2026.
                                                                            Keputusan
                                                                             Decision
 a. Menyetujui penunjukan Kantor Akuntan Publik Purwanto Susanti dan               a. Approve of appointment of Public Accountant Firm Purwanto Susanti
    Surja (dahulu bernama Kantor Akuntan Publik Purwantono, Sungkoro                  dan Surja (formerly named of Public Accountant Firm Purwantono,
    & Surja) sebagai Kantor Akuntan Publik Perseroan untuk mengaudit                  Sungkoro & Surja) as Public Accountant Firm of the Company to audit
    Laporan Keuangan Perseroan untuk tahun buku yang berakhir pada                    the Company’s Financial Report for fiscal year ended on March 31,
    tanggal 31 Maret 2026;                                                            2026;
 b. Memberikan wewenang kepada Dewan Komisaris dengan batasan atau                 b. Grants authority to the Board of Commissioners with limitation
    kriteria penunjukan Akuntan Publik dan/atau Kantor Akuntan Publik,                or criteria of the Public Accountant appointment, also appoint and
    serta menunjuk dan menetapkan akuntan publik dan/atau kantor                      stipulate replacement public accounting firm if the appointed public
    akuntan publik pengganti bilamana kantor akuntan publik yang ditunjuk             accountant firm cannot carry out their duties upon the provision of the
    tidak dapat melaksanakan tugasnya berdasarkan ketentuan pasar modal               capital market in Indonesia;
    di Indonesia;
 c. Memberikan wewenang kepada Direksi Perseroan untuk menetapkan                  c. Grants authority to the Board of Directors of the Company to stipulate
    remunerasinya, syarat-syarat penunjukannya.                                       its remuneration, terms of its appointment.
                                                                      Hasil Pemungutan Suara
                                                                            Voting Result
 Setuju                                   691.978.595 (99,43755%)                  Agree                                       691,978,595 (99.43755%)
 Abstain                                  62.300 (0,00895%)                        Abstain                                     62,300 (0.00895%)
 Tidak Setuju                             3.851.756 (0,55350%)                     Disagree                                    3,851,756 (0.55350%)
 Total Suara Setuju                       692.040.895 (99,44650%)                  Total Votes Agree                           692,040,895 (99.44650%)
                                                                            Realisasai
                                                                            Realization
 Telah direalisasikan pada tahun buku 2025.                                        It has been realized in the fiscal year 2025.


                                                                         Mata Acara 4
                                                                            4th Agenda
 Penetapan gaji dan tunjangan bagi anggota Dewan Komisaris dan Direksi.            Determination of the Company’s Board of Directors and Board of
                                                                                   Commissioner’s remuneration and allowances.
                                                                            Keputusan
                                                                             Decision
 a. Melimpahkan wewenang kepada Dewan Komisaris Perseroan untuk                    a. To delegate authority to the Board of Commissioners of the Company
    menetapkan besarnya gaji dan tunjangan Direksi Perseroan dengan                   to determine the amount of remuneration and allowances of the Board
    memperhatikan ketentuan Pasal 96 ayat 1 dan 2 UUPT.                               of Directors of the Company in reference to Article 96 paragraph 1 and
                                                                                      2 of the Company Law.
 b. Menetapkan besarnya gaji atau honorarium dan tunjangan bagi anggota            b. Determine the amount of salary or honorarium and allowances for
    Dewan Komisaris adalah sama dengan tahun buku 2024 atau bila ada                  members of the Board of Commissioners to be the same as for the 2024
    kenaikan, kenaikan tersebut tidak melebihi 9% dari tahun buku 2024.               financial year or if there is an increase, the increase does not exceed 9%
                                                                                      from the 2024 financial year.
                                                                      Hasil Pemungutan Suara
                                                                            Voting Result
 Setuju                                   695.149.651 (99,89323%)                  Agree                                       695,149,651 (99.89323%)
 Abstain                                  62.300 (0,0895%)                         Abstain                                     62,300 (0.0895%)
 Tidak Setuju                             680.700 (0,09782%)                       Disagree                                    680,700 (0.09782%)
 Total Suara Setuju                       695.211.951 (99,90218%)                  Total Votes Agree                           695,211,951 (99.90218%)
                                                                            Realisasai
                                                                            Realization
 Telah direalisasikan pada tahun buku 2025.                                        It has been realized in the fiscal year 2025.




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                                                                          Mata Acara 5
                                                                             5th Agenda
 Perubahan dan/atau Pengangkatan Kembali Direksi dan/atau Dewan                      Changes and/or Reappointment of Board of Directors and/or Board of
 Komisaris Perseroan.                                                                Commissioners Company.
                                                                             Keputusan
                                                                              Decision
 a. Menerima pengunduran diri Tuan Insinyur DJONGGI TUMBUR                           a. Accept the resignation of Mister Ir. DJONGGI TUMBUR
    PARNINGOTAN GULTOM selaku Presiden Direktur Perseroan, dengan                       PARNINGOTAN GULTOM as the Director of the Company, with
    ucapan terima kasih atas jasa dan kinerjanya dalam Perseroan;                       gratitude for his service and performance in the Company.
 b. Mengangkat Tuan DWI SWASONO selaku Presiden Direktur Perseroan,                  b. Appoint Mister DWI SWASONO as the President Director, counted
    terhitung sejak ditutupnya Rapat ini;                                               since the closing of this Meeting.
 c. Mengangkat kembali Tuan YASUMASA ZAIZEN, Tuan NOBUYASU                           c. Reappoint of Mister YASUMASA ZAIZEN, Mister NOBUYASU
    HAGIWARA, Tuan TERU KARAHASHI, Tuan YOSHENDRI, Tuan                                 HAGIWARA, Mister TERU KARAHASHI, Mister YOSHENDRI,
    HIROKI MAJIMA, Tuan RYOJI TANAKA, dan Tuan AKIHIRO                                  Mister HIROKI MAJIMA, Mister RYOJI TANAKA and Mister
    YOSHIDA, masing-masing selaku Direktur terhitung sejak ditutupnya                   AKIHIRO YOSHIDA, as Company’s Directors as of the closing of this
    Rapat ini;                                                                          meeting.
 d. Menetapkan susunan Direksi dan Dewan Komisaris Perseroan terhitung               d. Determine the composition of the Board of Directors and Board of
    sejak ditutupnya Rapat ini sampai dengan ditutupnya Rapat Umum                      Commissioners of the Company counted since the closing of this
    Pemegang Saham Tahunan yang diselenggarakan pada tahun 2026,                        Meeting until the closing of the Annual GMS which will be held in
    sebagai berikut:                                                                    2026 as follows:
    Direksi:                                                                            The Board of Directors:
    Presiden Direktur: Tuan DWI SWASONO                                                 President Director: Mister DWI SWASONO
    Direktur: Tuan YASUMASA ZAIZEN                                                      Director: Mister YASUMASA ZAIZEN;
    Direktur: Tuan NOBUYASU HAGIWARA                                                    Director: Mister NOBUYASU HAGIWARA;
    Direktur: Tuan TERU KARAHASHI                                                       Director: Mister TERU KARAHASHI;
    Direktur: Tuan YOSHENDRI                                                            Director: Mister YOSHENDRI;
    Direktur: Tuan HIROKI MAJIMA                                                        Director: Mister HIROKI MAJIMA;
    Direktur: Tuan RYOJI TANAKA                                                         Director: Mister RYOJI TANAKA;
    Direktur: Tuan AKIHIRO YOSHIDA                                                      Director: Mister AKIHIRO YOSHIDA.

     Dewan Komisaris:                                                                      The Board of Commissioners:
     Presiden Komisaris (Komisaris Independen): Tuan Drs. TOTO                             President Commissioner (Independent Commissioner): Mister Drs.
     WAHYUDIYANTO                                                                          TOTO WAHYUDIYANTO
     Komisaris Independen: Tuan HARRY DANUI                                                Independent Commissioner: Mister HARRY DANUI

 e. Memberikan wewenang dan kuasa kepada Direksi Perseroan, dengan                   e. Grants authority and power of attorney to the Board of Directors of the
    hak substitusi, untuk menuangkan/ menyatakan keputusan mengenai                     Company, with substitution right, to state the resolution regarding the
    susunan anggota Direksi dan Dewan Komisaris Perseroan tersebut di                   composition of the Board of Directors and Board of Commissioners
    atas dalam akta yang dibuat dihadapan Notaris, dan untuk selanjutnya                of the Company abovementioned in a deed made before Notary, and
    memberitahukannya pada pihak yang berwenang, serta melakukan semua                  hereinafter notify the authorized party, and do all and every necessary
    dan setiap tindakan yang diperlukan sehubungan dengan keputusan                     action related to the resolution in accordance with the prevailing laws
    tersebut sesuai dengan peraturan perundangan undangan yang berlaku.                 and regulations.
                                                                       Hasil Pemungutan Suara
                                                                             Voting Result
 Setuju                                      695.830.651 (99,99109%)                 Agree                                   695,830,651 (99.99109%)
 Abstain                                     62.000 (0,00891%)                       Abstain                                 62,000 (0.00891%)
 Tidak Setuju                                0                                       Disagree                                0
 Total Suara Setuju                          695.892.651 (100%)                      Total Votes Agree                       695,892,651 (100%)
                                                                             Realisasai
                                                                             Realization
 Telah direalisasikan pada tahun buku 2025.                                          It has been realized in the fiscal year 2025.


Pelaksanaan RUPS pada Tahun Buku 2024                                                Implementation of GMS in Financial Year 2024
Sepanjang tahun buku 2024, Perseroan telah menyelenggarakan                          During the 2024 financial year, the Company held three (3)
3 (tiga) kali RUPS, yaitu:                                                           GMS, namely:
1.    RUPSLB Pertama pada 19 Juli 2024;                                              1.     The First EGMS on July 19, 2024;
2.    RUPST Tahun Buku 2023 tanggal 24 September 2024; dan                           2.     The AGMS for the Financial Year 2023 on September 24,
                                                                                            2024; and
3.    RUPSLB Kedua pada 24 September 2024.                                           3.     The Second EGMS on September 24, 2024.


Seluruh keputusan pada RUPS tersebut telah direalisasikan                            All resolutions passed at these meetings were fully implemented
sepenuhnya pada tahun buku 2024.                                                     during the 2024 financial year.




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 Ikhtisar 2025 | 2025 Highlights                                        Tata Kelola Perusahaan | Good Corporate Governance
 Laporan Manajemen | Management Report                                  Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                    Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Direksi
Board of Directors



Direksi merupakan organ Perseroan yang memiliki wewenang                The Board of Directors is the Company's governing body
dan tanggung jawab penuh dalam mengelola serta mewakili                 with full authority and responsibility to manage and represent
Perusahaan, baik di dalam maupun di luar pengadilan, sesuai             the Company, both inside and outside the court of law, in
dengan maksud, tujuan dan anggaran dasar Perseroan.                     accordance with the Company's objectives, purposes, and
                                                                        Articles of Association.


DASAR HUKUM                                                             LEGAL BASIS
Dasar hukum mengenai pembentukan, tugas, tanggung jawab,                The establishment, duties, responsibilities, and authority of the
dan wewenang Direksi Perseroan mengacu pada ketentuan                   Company's Board of Directors are governed by the following
dan peraturan perundang-undangan berikut:                               laws and regulations:
1.   UU No. 40 Tahun 2007 tentang Perseroan Terbatas;                   1.     Law No. 40 of 2007 concerning Limited Liability
                                                                               Companies;
2.   POJK No. 33/POJK.04/2014 tentang Direksi dan Dewan                 2.     OJK Regulation No. 33/POJK.04/2014 concerning the
     Komisaris Emiten atau Perusahaan Publik;                                  Board of Directors and Board of Commissioners of
                                                                               Issuers or Public Companies;
3.   Anggaran Dasar Perseroan; dan                                      3.     The Company's Articles of Association; and
4.   Piagam Direksi.                                                    4.     The Board of Directors Charter.


PIAGAM DIREKSI                                                          BOARD OF DIRECTORS CHARTER
Direksi Perseroan memiliki Piagam Direksi yang telah disetujui          The Company has a Board of Directors Charter, which was
dan ditandatangani oleh seluruh anggota Direksi pada 29                 approved and signed by all members of the Board of Directors
Februari 2016. Piagam ini juga telah diunggah pada situs web            on February 29, 2016. The Charter has also been published on
Perseroan dan memuat ketentuan-ketentuan berikut:                       the Company's website and covers the following matters:
1. Landasan Hukum                                                       1. Legal Basis;
2. Organisasi;                                                          2. Organization;
3. Persyaratan Umum;                                                    3. General Requirements;
4. Rangkap Jabatan;                                                     4. Concurrent Positions;
5. Masa Jabatan;                                                        5. Term of Office;
6. Pengunduran Diri;                                                    6. Resignation;
7. Pemberhentian Sementara; 8                                           7. Temporary Suspension;
8. Susunan Direksi;                                                     8. Composition of the Board of Directors;
9. Tugas, Tanggung Jawab, dan Wewenang;                                 9. Duties, Responsibilities, and Authority;
10. Etika dan Integritas;                                               10. Ethics and Integrity;
11. Waktu Kerja;                                                        11. Working Hours;
12. Rapat; dan                                                          12. Meetings; and
13. Pelaporan dan Pertanggungjawaban.                                   13. Reporting and Accountability.


TUGAS DAN TANGGUNG JAWAB DIREKSI                                        DUTIES AND RESPONSIBILITIES OF THE
                                                                        BOARD OF DIRECTORS
Sebagaimana tercantum dalam Piagam Direksi, tugas dan                   As stipulated in the Board of Directors Charter, the duties and
tanggung jawab Direksi Perseroan adalah sebagai berikut:                responsibilities of the Board of Directors are as follows:
1.   Menjalankan kepengurusan Perseroan sesuai dengan                   1.     Managing the Company in accordance with the Articles
     Anggaran Dasar.                                                           of Association.




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2.    Wajib menyelenggarakan RUPS tahunan dan RUPS                       2.   Convening the Annual General Meeting of Shareholders
      lainnya sebagaimana diatur dalam peraturan perundang-                   (AGMS) and other General Meetings of Shareholders
      undangan dan Anggaran Dasar.                                            (GMS) as required by applicable laws and regulations and
                                                                              the Articles of Association.
3.    Wajib melaksanakan tugas dan tanggung jawab dengan                 3.   Performing duties and responsibilities in good faith, with
      itikad baik, penuh tanggung jawab dan kehati-hatian.                    full responsibility and due care.
4.    Dapat membentuk Komite guna mendukung efektivitas                  4.   Establishing committees to support the effective
      pelaksanaan tugas dan tanggung jawabnya dan wajib                       implementation of its duties and responsibilities, and
      melakukan evaluasi atas kinerja Komite tersebut setiap                  evaluating the performance of such committees at the end
      akhir tahun buku.                                                       of each financial year.
5.    Tiap Direksi bertanggung jawab secara tanggung renteng             5.   Each member of the Board of Directors shall be jointly
      atas kerugian, kecuali:                                                 and severally liable for losses incurred by the Company,
                                                                              except where:
      a.     Kerugian         yang    bukan     atas   kesalahan   dan        a.   The losses were not caused by his or her fault or
             kelalaiannya;                                                         negligence;
      b.     Telah beritikad baik penuh tanggung jawab dan                    b.   He or she has managed the Company in good faith,
             kehatihatian dalam kepengurusan;                                      with full responsibility and due care;
      c.     Tidak      ada     benturan      kepentingan   (langsung/        c.   There was no direct or indirect conflict of interest in
             tidak langsung) atas tindakan pengurusan yang                         the management actions that resulted in the losses; and
             menyebabkan kerugian;
      d.     Telah mengambil tindakan untuk mencegah timbul                   d.   Has taken measures to prevent the occurrence or
             atau berlanjutnya kerugian tersebut.                                  continuation of such losses.
6.    Direksi berhak mewakili Perseroan di dalam maupun                  6.   The Board of Directors is authorized to represent the
      di luar pengadilan tentang segala hal dan dalam segala                  Company both inside and outside the court of law in all
      kejadian, mengikat Perseroan dengan pihak lain dan                      matters and circumstances, bind the Company to other
      pihak lain dengan Perseroan, serta menjalankan segala                   parties and vice versa, and undertake all actions relating to
      tindakan, baik yang mengenai kepengurusan maupun                        management and ownership. However, the following actions
      kepemilikan, akan tetapi dengan pembatasan bahwa                        require the prior written approval of, and/or the relevant
      untuk:                                                                  deed to be jointly signed by, the Board of Commissioners:
     a.     Meminjam atau meminjamkan uang atas nama                          a.   Borrowing or lending money on behalf of the
            Perseroan (tidak termasuk mengambil uang dari                          Company (excluding withdrawals from existing
            kredit yang telah dibuka);                                             credit facilities);
     b.     Memperoleh dan/atau membeli, memindahkan                          b.   Acquiring and/or purchasing, transferring rights
            hak dan/ atau menjual barang tidak bergerak milik                      to, and/or selling the Company's immovable assets,
            Perseroan, dengan memperhatikan ketentuan ayat 2                       subject to the applicable provisions of the Articles of
            tersebut di bawah ini;                                                 Association;
     c.     Mengagunkan/meminjamkan dalam bentuk apapun                       c.   Pledging or encumbering the Company's immovable
            juga barang-barang tidak bergerak milik Perseroan,                     assets in any form, subject to the applicable provisions
            dengan memperhatikan ketentuan ayat 2 tersebut di                      of the Articles of Association;
            bawah ini;
     d.     Melakukan penyertaan modal atau melepaskan                        d.   Making or divesting investments in other companies,
            penyertaan modal dalam Perseroan lain tanpa                            without prejudice to the approval of the relevant
            mengurangi izin yang berwenang dan dengan                              authorities and in compliance with applicable laws
            memperhatikan ketentuan hukum dan peraturan                            and regulations;
            perundang-undangan yang berlaku;
     e.     Mengalihkan, melepaskan hak dan menjadikan                        e.   Transferring, relinquishing rights to, or using
            jaminan hutang dengan nilai sampai dengan kurang                       as collateral assets with a value of less than 75%
            dari 75% (tujuh puluh lima persen) harta kekayaan                      (seventy-five percent) of the Company's total assets,
            (aktiva) Perseroan dalam 1 (satu) transaksi atau                       whether in a single transaction or several separate or
            beberapa transaksi yang berdiri sendiri ataupun yang                   related transactions;
            berkaitan satu sama lain;

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 Ikhtisar 2025 | 2025 Highlights                                        Tata Kelola Perusahaan | Good Corporate Governance
 Laporan Manajemen | Management Report                                  Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                    Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




           •      Harus dengan persetujuan tertulis dari dan atau                   •      This must be subject to the written consent
                  akta yang bersangkutan turut ditandatangani                              of the Board of Commissioners and/or the
                  oleh Dewan Komisaris.                                                    relevant deed must be co-signed by the Board of
                                                                                           Commissioners.
7.   Perbuatan hukum untuk mengalihkan, melepaskan hak                  7.     Any legal action involving the transfer, disposal, or
     atau menjadikan jaminan utang seluruh atau dengan nilai                   encumbrance of assets amounting to 75% (seventy-five
     sebesar 100% (seratus persen) atau sebagian besar yaitu                   percent) or more, up to 100% (one hundred percent),
     dengan nilai sebesar 75% (tujuh puluh lima persen) atau                   of the Company's total assets within one financial year,
     lebih dari harta kekayaan (aktiva) Perseroan dalam satu                   whether through a single transaction or several separate
     tahun buku dalam satu transaksi atau beberapa transaksi                   or related transactions, must obtain prior approval from
     yang berdiri sendiri, ataupun yang berkaitan satu sama                    the General Meeting of Shareholders (GMS).
     lain harus mendapat persetujuan Rapat Umum Pemegang
     Saham.
8.   Untuk menjalankan perbuatan hukum berupa transaksi                 8.     For legal actions involving transactions that contain
     yang memuat benturan kepentingan ekonomis pribadi                         a conflict of interest between the personal economic
     anggota Direksi, Dewan Komisaris atau pemegang                            interests of members of the Board of Directors, Board
     saham, dengan kepentingan ekonomis Perseroan, Direksi                     of Commissioners, or shareholders and the economic
     memerlukan persetujuan RUPS berdasarkan suara setuju                      interests of the Company, the Board of Directors must
     terbanyak dari pemegang saham yang tidak mempunyai                        obtain approval from the GMS based on the affirmative
     benturan kepentingan sebagaimana yang dimaksud                            vote of the majority of shareholders who do not have a
     dalam Pasal 11 ayat 6 Anggaran Dasar Perseroan.                           conflict of interest, as stipulated in Article 11 paragraph 6
                                                                               of the Company's Articles of Association.
9.   2 (dua) orang anggota Direksi secara bersama-sama                  9.     Any two (2) members of the Board of Directors acting
     berhak dan berwenang bertindak untuk dan atas nama                        jointly shall have the authority to act for and on behalf of
     Direksi serta mewakili Perseroan.                                         the Board of Directors and represent the Company.
10. Direksi dan Dewan Komisaris wajib menyusun kode etik                10. The Board of Directors and the Board of Commissioners
     yang berlaku bagi seluruh anggota Direksi dan anggota                     are required to prepare and implement a code of ethics
     Dewan Komisaris, karyawan serta pendukung organ yang                      applicable to all members of the Board of Directors,
     dimiliki Perseroan.                                                       members of the Board of Commissioners, employees, and
                                                                               supporting organs of the Company.


Untuk memastikan pelaksanaan tugas yang optimal, Direksi                To ensure the effective performance of its duties, the Board of
membagi tugas berdasarkan keahlian masing-masing anggota                Directors allocates responsibilities according to the expertise
dan secara berkala meninjau serta memperbarui pembagian                 of each member and periodically reviews and updates such
tersebut. Adapun pembagian tugas dan tanggung jawab                     allocation. The division of duties and responsibilities among
anggota Direksi adalah sebagai berikut:                                 the members of the Board of Directors is as follows:




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Tugas dan Tanggung Jawab Masing-Masing Anggota Direksi
Duties and Responsibilities og Each Member of the Board of Directors

           Jabatan                                                             Tugas dan Tanggung Jawab
           Position                                                              Duties and Responsibilities
 Presiden Direktur                1. Bertanggung jawab dalam menetapkan, mengelola, dan            1. Responsible for establishing, managing, and overseeing
 President Director                  mengendalikan pengawasan terhadap kepengurusan                   the Company's governance, legal compliance,
                                     Perseroan, kepatuhan pada hukum, komunikasi, serta               communications, and relationships with shareholders.
                                     hubungan Perseroan dengan para pemegang saham;
                                  2. Merencanakan,       mengoordinasikan,       mengarahkan,      2. Plan, coordinate, direct, control, supervise, and evaluate
                                     mengendalikan, mengawasi, dan mengevaluasi tugas                 corporate and business unit activities to ensure all
                                     korporasi serta unit bisnis agar seluruh kegiatan dapat          operations are carried out in accordance with the
                                     berjalan sesuai dengan visi, misi, sasaran usaha, strategi,      Company's vision, mission, business objectives,
                                     kebijakan, dan program kerja yang ditetapkan;                    strategies, policies, and approved work programs.
                                  3. Membawahi, mengembangkan, dan mengendalikan                   3. Oversee, develop, and control the internal audit function
                                     fungsi serta kebijakan mengenai audit internal;                  and related policies.
                                  4. Membawahi, mengelola, dan mengendalikan fungsi                4. Oversee, manage, and control the Corporate Secretary
                                     Sekretaris Perusahaan;                                           function.
                                  5. Membawahi, mengembangkan, dan mengendalikan                   5. Oversee, develop, and control the functions and policies
                                     fungsi serta kebijakan mengenai Sumber Daya Manusia              related to Human Resources (HR), organizational
                                     (SDM), pengembangan organisasi, kepatuhan, dan bagian            development, compliance, and general affairs.
                                     umum Perseroan; dan
                                  6. Mengembangkan dan mengendalikan kebijakan                     6. Develop and control policies related to the Company's
                                     mengenai Quality, Safety, Health, and Environment                Quality, Safety, Health, and Environment (QSHE).
                                     (QSHE) Perseroan.
 Direktur Operasional             1. Bertanggung      jawab   untuk      mengoordinasikan,         1. Responsible for coordinating, controlling, and evaluating
 Operational Director                mengendalikan, dan mengevaluasi tugas operasional                operational activities in finance, budgeting, and
                                     di bidang keuangan, anggaran, akuntansi, sekaligus               accounting, while ensuring the availability of funding to
                                     memastikan penyediaan pendanaan bagi pengembangan                support the Company's growth and development.
                                     Perseroan;
                                  2. Bertanggung      jawab   untuk      mengoordinasikan,         2. Responsible for coordinating, controlling, and evaluating
                                     mengendalikan, dan mengevaluasi tugas operasional di             operational activities related to the Company's business
                                     bidang pengembangan usaha Perseroan;                             development.
                                  3. Bertanggung      jawab   untuk      mengoordinasikan,         3. Responsible for coordinating, controlling, and evaluating
                                     mengendalikan, dan mengevaluasi tugas operasional di             operational activities in sales and marketing.
                                     bidang penjualan dan pemasaran; dan
                                  4. Bertanggung      jawab   untuk      mengoordinasikan,         4. Responsible for coordinating, controlling, and evaluating
                                     mengendalikan, dan mengevaluasi tugas operasional di             operational activities related to product support.
                                     bidang product support.
 Direktur Keuangan                1. Menetapkan, mengelola, dan mengendalikan kebijakan            1. Establish, manage, and control the Company's policies
 Finance Director                    Perseroan dalam bidang keuangan, anggaran, akuntansi,            in the areas of finance, budgeting, and accounting,
                                     sekaligus memastikan penyediaan pendanaan bagi                   while ensuring the availability of funding to support the
                                     pengembangan Perseroan;                                          Company's growth and development.
                                  2. Menetapkan, mengelola, dan mengendalikan fungsi               2. Establish, manage, and control the Company's accounts
                                     manajemen piutang Perseroan;                                     receivable management function.
                                  3. Menetapkan, mengelola, dan mengawasi kebijakan                3. Establish, manage, and oversee the Company's policies
                                     Perseroan yang berhubungan dengan peraturan                      related to tax regulations.
                                     perpajakan; dan
                                  4. Mengawasi dan mengendalikan kegiatan aksi korporasi           4. Oversee and control the Company's corporate actions
                                     Perseroan.                                                       and related activities.
 Direktur Pengembangan            1. Menetapkan, mengelola, dan mengendalikan kebijakan            1. Establish, manage, and control the Company's policies in
 Usaha                               Perseroan dalam bidang pengembangan usaha;                       the area of business development.
 Business Development             2. Menetapkan, mengelola, dan mengendalikan kebijakan            2. Establish, manage, and control the Company's policies in
 Director                            Perseroan dalam bidang corporate planning dan strategic          corporate planning and strategic management.
                                     management;
                                  3. Mengelola dan mengendalikan kebijakan Perseroan               3. Manage and control the Company's policies in the areas
                                     dalam bidang hukum dan teknologi informasi (TI); dan             of legal affairs and information technology (IT).
                                  4. Menetapkan, mengelola, dan mengendalikan kebijakan            4. Establish, manage, and control the Company's policies in
                                     Perseroan dalam bidang pengadaan dan pengelolaan aset.           procurement and asset management.
 Direktur Penjualan               1. Mengendalikan, mengelola, dan merancang kebijakan             1. Control, manage, and formulate the Company's policies
 Sales Director                      Perseroan dalam aspek-aspek penjualan dan logistik               relating to sales and logistics within the Heavy Equipment
                                     dalam Segmen Usaha Penjualan dan Penyewaan Alat                  Sales and Rental Business Segment.
                                     Berat;
                                  2. Mengembangkan hubungan baik dengan mitra strategis            2. Develop and maintain strong relationships with strategic
                                     serta mencari peluang bisnis baru dalam Segmen Usaha             partners and identify new business opportunities within
                                     Penjualan dan Penyewaan Alat Berat; dan                          the Heavy Equipment Sales and Rental Business Segment.
                                  3. Menetapkan, mengelola, dan mengendalikan kebijakan            3. Establish, manage, and control the Company's policies
                                     Perseroan dalam bidang administrasi penjualan Segmen             relating to sales administration within the Heavy
                                     Usaha Penjualan dan Penyewaan Alat Berat.                        Equipment Sales and Rental Business Segment.




2025 Annual Report & Sustainability Report                                    149                                                      PT Hexindo Adiperkasa Tbk

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 Ikhtisar 2025 | 2025 Highlights                                                  Tata Kelola Perusahaan | Good Corporate Governance
 Laporan Manajemen | Management Report                                            Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                              Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




          Jabatan                                                              Tugas dan Tanggung Jawab
           Position                                                             Duties and Responsibilities
 Direktur Product Support         1. Mengendalikan, mengelola, dan merancang kebijakan            1. Control, manage, and formulate the Company's policies
 Product Support Director            Perseroan dalam aspek-aspek pemasaran dan logistik              relating to marketing and logistics within the Parts Sales
                                     dalam Segmen Usaha Penjualan Suku Cadang, Segmen                Business Segment and the Maintenance and Repair
                                     Usaha Jasa Pemeliharaan, dan Perbaikan;                         Services Business Segment.
                                  2. Mengembangkan hubungan baik dengan mitra strategis           2. Develop and maintain strong relationships with
                                     serta menggali dan membuka peluang bisnis baru dalam            strategic partners and explore and create new business
                                     Segmen Usaha Penjualan Suku Cadang, Segmen Usaha                opportunities within the Parts Sales Business Segment
                                     Jasa Pemeliharaan, dan Perbaikan;                               and the Maintenance and Repair Services Business
                                                                                                     Segment.
                                  3. Menetapkan, mengelola, dan mengendalikan fungsi              3. Establish, manage, and control the Company's
                                     remanufacturing Perseroan; dan                                  remanufacturing function.
                                  4. Menetapkan, mengelola, dan mengendalikan pusat               4. Establish, manage, and control the Company's technical
                                     pelatihan teknik Perseroan.                                     training center.


MASA JABATAN DIREKSI                                                              TERM OF OFFICE OF THE BOARD OF
                                                                                  DIRECTORS
Anggota Direksi diangkat oleh RUPS untuk masa jabatan                             Members of the Board of Directors are appointed by the GMS
yang     dimulai       sejak     tanggal      pengangkatannya         hingga      for a term commencing from the date of their appointment
penutupan RUPS Tahunan berikutnya. Masa jabatan tersebut                          until the closing of the next Annual GMS. The term of office
dapat berakhir lebih cepat jika RUPS memutuskan untuk                             may end earlier if the GMS resolves to dismiss a member of
memberhentikan anggota Direksi sebelum masa jabatannya                            the Board of Directors before the expiration of their term, in
berakhir, sesuai dengan kewenangan RUPS.                                          accordance with the authority vested in the GMS.


SUSUNAN DAN KOMPOSISI DIREKSI                                                     STRUCTURE AND COMPOSITION OF THE
                                                                                  BOARD OF DIRECTORS
Ketentuan mengenai susunan, komposisi, dan masa jabatan                           The provisions regarding the structure, composition, and term
Direksi Perseroan tercantum dalam Piagam Direksi. Direksi                         of office of the Company's Board of Directors are outlined in
terdiri dari minimal 2 (dua) anggota, yaitu seorang Presiden                      the Board Charter. The Board of Directors consists of at least
Direktur dan 1 (satu) atau lebih Direktur. Jika jumlah Direksi                    2 (two) members, comprising a President Director and 1 (one)
lebih dari 2 (dua), salah satu diantaranya dapat diangkat                         or more Directors. If the Board consists of more than 2 (two)
menjadi Wakil Presiden Direktur. Selain itu, anggota Direksi                      members, one of them may be appointed as Vice President
dapat berasal dari warga negara Indonesia atau asing yang                         Director.Members of the Board of Directors may be Indonesian
memenuhi persyaratan sesuai dengan peraturan perundang-                           citizens or foreign nationals who meet the requirements
undangan yang berlaku.                                                            stipulated under the applicable laws and regulations.


    Direktur Nonresiden
    Non-Resident Director
    Dalam struktur Direksi Perseroan, terdapat posisi Direktur Nonresiden yang berfungsi sebagai representasi manajerial dari pemegang
    saham mayoritas Perseroan, yaitu Hitachi Construction Machinery (HCM) Co., Ltd, Jepang. Direktur Nonresiden tersebut tidak
    berdomisili di Indonesia dan tidak terlibat langsung dalam pengelolaan operasional Perusaahaan. Pada akhir tahun buku 2025, terdapat 3
    (tiga) Direktur Perseroan yang menjabat sebagai Direktur Nonresiden, yaitu Akihiro Yoshida, Ryoji Tanaka, dan Hiroki Majima.
    In the structure of the Company’s Board of Directors, there is a position of Non-Resident Director, which functions as the managerial representative
    of the Company’s majority shareholder, Hitachi Construction Machinery (HCM) Co., Ltd, Japan. The Non-Resident Director is not domiciled in
    Indonesia and is not directly involved in the Company’s operational management. As of the end of the 2025 fiscal year, there are 3 (three) Directors
    serving as Non-Resident Directors, namely Akihiro Yoshida, Ryoji Tanaka, and Hiroki Majima.




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                                                                                                                                03

SUSUNAN DAN KOMPOSISI DIREKSI PADA                              BOARD OF DIRECTORS STRUCTURE AND
TAHUN BUKU 2025                                                 COMPOSITION IN THE FINANCIAL YEAR 2025
Berdasarkan keputusan RUPST pada 16 September 2025,             Based on the resolution of the Annual GMS held on September
para pemegang saham menyetujui perubahan pada komposisi         16, 2025, the shareholders approved changes to the composition
anggota Direksi Perseroan. Perubahan ini sehubungan dengan      of the Company's Board of Directors. These changes were made
pengunduran diri Djonggi Tumbur Parningotan Gultom dari         following the resignation of Djonggi Tumbur Parningotan
jabatannya sebagai Presiden Direktur, serta pengangkatan Dwi    Gultom from his position as President Director and the
Swasono sebagai pengganti. Sehubungan dengan keputusan          appointment of Dwi Swasono as his successor. Accordingly,
tersebut, berikut adalah susunan dan komposisi Direksi          the structure and composition of the Company's Board of
Perseroan hingga akhir tahun buku 2025, sebagaimana             Directors as of the end of fiscal year 2025, as stipulated in Deed
tertuang dalam Akta Berita Acara RUPST Perseroan No. 3          of Minutes of the Company's AGMS No. 3 dated September 16,
tanggal 16 September 2025:                                      2025, were as follows:


Susunan dan Komposisi Direksi (31 Maret 2026)
Structure and Composition of the Board of Directors (March 31, 2026)
                           Nama                                                             Jabatan
                                      Name                                                   Position
                                                               Presiden Direktur
 Dwi Swasono
                                                               President Director
                                                               Direktur
 Yasumasa Zaizen
                                                               Director
                                                               Direktur
 Nobuyasu Hagiwara
                                                               Director
                                                               Direktur
 Teru Karahashi
                                                               Director
                                                               Direktur
 Yoshendri
                                                               Director
                                                               Direktur
 Hiroki Majima
                                                               Director
                                                               Direktur
 Ryoji Tanaka
                                                               Director
                                                               Direktur
 Akihiro Yoshida
                                                               Director



Susunan dan Komposisi Direksi Setelah Tahun Buku                Board of Directors Structure and Composition After
2025                                                            Fiscal Year 2025
Setelah berakhirnya tahun buku 2025 hingga diterbitkannya       Subsequent to the end of the 2025 financial year and up to the
Laporan ini, terdapat perubahan pada komposisi anggota          issuance of this Report, there was a change in the composition
Direksi Perseroan berdasarkan keputusan Rapat Umum              of the Company's Board of Directors based on the resolution
Pemegang Saham Luar Biasa (RUPSLB) yang diselenggarakan         of the Extraordinary General Meeting of Shareholders (EGMS)
pada 19 Mei 2026.                                               held on 19 May 2026.


HUBUNGAN AFILIASI DIREKSI                                       AFFILIATED RELATIONSHIPS OF THE BOARD
                                                                OF DIRECTORS
Hubungan afiliasi antara anggota Direksi, Dewan Komisaris,      Affiliated relationships among members of the Board of
dan Pemegang Saham Pengendali meliputi hubungan                 Directors, the Board of Commissioners, and the Controlling
keluarga dan hubungan keuangan yang dapat mempengaruhi          Shareholder include family and financial relationships that
dinamika pengambilan keputusan Perusahaan serta berpotensi      may influence the Company's decision-making process and
menimbulkan konflik kepentingan.                                potentially give rise to conflicts of interest.




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Page 152
  Ikhtisar 2025 | 2025 Highlights                                                                      Tata Kelola Perusahaan | Good Corporate Governance
  Laporan Manajemen | Management Report                                                                Laporan Keberlanjutan | Sustainability Report
  Profil Perusahaan | Company Profile                                                                  Laporan Keuangan | Financial Report
  Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Berikut adalah uraian mengenai hubungan afiliasi antara                                                The following is a description of the affiliated relationships
sesama anggota Direksi, serta hubungan antara Direksi dengan                                           among members of the Board of Directors, as well as the
Dewan Komisaris dan Pemegang Saham Pengendali pada                                                     relationships between the Board of Directors, the Board of
tahun buku 2025:                                                                                       Commissioners, and the Controlling Shareholder during fiscal
                                                                                                       year 2025:
Hubungan Afiliasi Direksi
Affiliation Relationships of the Board of Directors
                                                          Hubungan Keluarga dengan                                                   Hubungan Keuangan dengan
                                                                 Family Relationship with                                                  Financial Relationship with
                                                                                                 Pemegang                                                            Pemegang
                                               Dewan                                                                        Dewan
                                                                              Direksi              Saham                                             Direksi           Saham
   Nama dan Jabatan                           Komisaris                                                                    Komisaris
     Name and Position                       Board of C
                                                                             Board of           Pengendalian               Board of
                                                                                                                                                     Board of       Pengendalian
                                                                             Directors            Controlling                                        Directors         Controlling
                                            ommissioner                                                                  Commissioner
                                                                                                 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
 Ir. Djonggi TP. Gultom*
 Presiden Direktur                                           √                              √                  √                       √                      √                   √
 President Director
 Dwi Swasono
 Presiden Direktur                                           √                              √                  √                       √                      √                   √
 President Director
 Yasumasa Zaizen
 Direktur                                                    √                              √                  √                       √                      √        √
 Director
 Nobuyasu Hagiwara
 Direktur                                                    √                              √                  √                       √                      √        √
 Director
 Teru Karahashi
 Direktur                                                    √                              √                  √                       √                      √        √
 Director
 Yoshendri
 Direktur                                                    √                              √                  √                       √                      √                   √
 Director
 Hiroki Majima
 Direktur                                                    √                              √                  √                       √                      √        √
 Director
 Ryoji Tanaka
 Direktur                                                    √                              √                  √                       √                      √        √
 Director
 Akihiro Yoshida
 Direktur                                                    √                              √                  √                       √                      √        √
 Director

*Tidak lagi menjabat sebagai Presiden Direktur Perseroan terhitung sejak 16 September 2025.
*No longer served as the Company’s President Director effective as of September 16, 2025.


RAPAT DIREKSI                                                                                          BOARD OF DIRECTORS MEETINGS
Rapat Direksi merupakan forum penting untuk pengambilan                                                Board of Directors meetings serve as an important forum for
keputusan strategis dan evaluasi kinerja Perusahaan, serta                                             strategic decision-making and evaluation of the Company's
sebagai wadah koordinasi antar anggota Direksi dalam                                                   performance, as well as a means of coordination among
menjalankan tugas dan tanggung jawabnya.                                                               members of the Board of Directors in carrying out their duties
                                                                                                       and responsibilities.


Kebijakan Rapat Direksi                                                                                Board of Directors Meeting Policy
Berdasarkan ketentuan dalam POJK No. 33/2014, Direksi                                                  In accordance with the provisions of OJK Regulation No. 33/
wajib menyelenggarakan rapat internal setidaknya 1 (satu) kali                                         POJK.04/2014, the Board of Directors is required to hold
dalam sebulan dan rapat gabungan dengan Dewan Komisaris                                                internal meetings at least once a month and joint meetings with
setidaknya 1 (satu) kali dalam 4 (empat) bulan.                                                        the Board of Commissioners at least once every four months.


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                                                                                                                                                                    03

Pelaksanaan Rapat Direksi                                                                            Implementation of Board of Directors Meetings
Sepanjang tahun buku 2025, Direksi Perseroan telah                                                   Throughout fiscal year 2025, the Company's Board of Directors
melaksanakan 12 (dua belas) kali rapat internal dan 4 (empat)                                        held 12 (twelve) internal meetings and 4 (four) joint meetings
kali rapat gabungan dengan tingkat kehadiran sebagai berikut:                                        with the Board of Commissioners. The attendance record was
                                                                                                     as follows:

Kehadiran Direksi dalam Rapat Internal dan Rapat Gabungan Tahun Buku 2025
Attendance of the Board of Directors in Internal and Joint Meetings in the 2025 Fiscal Year
                                                                                  Rapat Internal                                   Rapat Gabungan
                                                                                  Internal Meeting                                      Joint Meeting
             Nama dan Jabatan
               Name and Position                              Jumlah Rapat                  Kehadiran                  Jumlah Rapat           Kehadiran
                                                                                                              %                                                    %
                                                               Total Meetings               Attendances                Total Meetings         Attendances
 Ir. Djonggi TP. Gultom*
 Presiden Direktur                                                      5                       4             80              1                     1             100
 President Director
 Dwi Swasono
 Presiden Direktur                                                      12                      11            92              4                     4             100
 President Director
 Yasumasa Zaizen
 Direktur                                                               12                      10            83              4                     3              75
 Director
 Nobuyasu Hagiwara
 Direktur                                                               12                      12            100             4                     4             100
 Director
 Teru Karahashi
 Direktur                                                               12                      12            100             4                     4             100
 Director
 Yoshendri
 Direktur                                                               12                      12            100             4                     4             100
 Director
 Hiroki Majima
 Direktur                                                               12                      12            100             4                     4             100
 Director
 Ryoji Tanaka
 Direktur                                                               12                      11            92              4                     4             100
 Director
 Akihiro Yoshida
 Direktur                                                               12                      7             58              4                     2              50
 Director

*Tidak lagi menjabat sebagai Presiden Direktur Perseroan terhitung sejak 16 September 2025.
*No longer served as the Company’s President Director effective as of September 16, 2025.


Selain itu, Direksi Perseroan juga berpartisipasi dalam                                              In addition, the Company's Board of Directors participated
menghadiri RUPS. Informasi mengenai tingkat kehadiran                                                in the General Meetings of Shareholders (GMS). Information
anggota Direksi pada RUPS yang diselenggarakan sepanjang                                             regarding the attendance of members of the Board of Directors
tahun buku 2025 dapat ditemukan pada subbab Rapat Umum                                               at the GMS held during fiscal year 2025 can be found in the
Pemegang Saham dalam Laporan Tahunan dan Keberlanjutan                                               General Meeting of Shareholders section of this Annual and
ini.                                                                                                 Sustainability Report.

PENGEMBANGAN KOMPETENSI DIREKSI [2-17]                                                               BOARD OF DIRECTORS COMPETENCY
                                                                                                     DEVELOPMENT
Program pengembangan kompetensi berperan penting dalam                                               Competency development programs play an important role
mendukung efektivitas peran Direksi, khususnya dalam                                                 in supporting the effectiveness of the Board of Directors,
merespons dinamika bisnis dan pengambilan keputusan yang                                             particularly in responding to business developments
tepat untuk keberlanjutan Perseroan.                                                                 and making sound decisions to ensure the Company's
                                                                                                     sustainability.




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Page 154
  Ikhtisar 2025 | 2025 Highlights                                                                    Tata Kelola Perusahaan | Good Corporate Governance
  Laporan Manajemen | Management Report                                                              Laporan Keberlanjutan | Sustainability Report
  Profil Perusahaan | Company Profile                                                                Laporan Keuangan | Financial Report
  Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Kebijakan Pengembangan Kompetensi Direksi                                                            Board of Directors Competency Development Policy
Sejalan dengan ketentuan Pasal 4 ayat (1) POJK 33/2014,                                              In accordance with Article 4 paragraph (1) of OJK Regulation
Perseroan mendukung kegiatan pengembangan kompetensi                                                 No. 33/POJK.04/2014, the Company supports the competency
Direksi melalui partisipasi dalam pelatihan, seminar, dan                                            development of the Board of Directors through participation in
forum profesional yang relevan. Upaya ini disesuaikan dengan                                         relevant training programs, seminars, and professional forums.
kebutuhan masing-masing anggota Direksi dan dilaksanakan                                             These initiatives are tailored to the needs of each member of
sebagai bagian dari komitmen terhadap GCG.                                                           the Board of Directors and are implemented as part of the
                                                                                                     Company's commitment to GCG.


Kegiatan Pengembangan Kompetensi Direksi                                                             Board of Directors Competency Development
                                                                                                     Activities
Sepanjang tahun buku 2025, Direksi Perseroan telah mengikuti                                         Throughout fiscal year 2025, the Company's Board of Directors
kegiatan pelatihan dan/atau peningkatan kompetensi berikut:                                          participated in the following training and competency
                                                                                                     development activities:

Kegiatan Pengembangan Kompetensi Direksi pada Tahun Buku 2025
Board of Directors Competency Development Activities in the 2025 Fiscal Year
      Nama dan Jabatan                                                   Materi                                       Tanggal                             Penyelenggara
        Name and Position                                                  Topic                                         Date                               Organizer
 Ir. Djonggi TP. Gultom*                      Workshop IFRS S1 and S2                                      19 Juni 2025                        Internal Hexindo
 Presiden Direktur                                                                                         June 19, 2025
 President Director
 Dwi Swasono                                  Workshop IFRS S1 and S2                                      19 Juni 2025                        Internal Hexindo
 Presiden Direktur                                                                                         June 19, 2025
 President Director
 Nobuyasu Hagiwara                            Workshop IFRS S1 and S2                                      19 Juni 2025                        Internal Hexindo
 Direktur                                                                                                  June 19, 2025
 Director
 Teru Karahashi                               Workshop IFRS S1 and S2                                      19 Juni 2025                        Internal Hexindo
 Direktur                                                                                                  June 19, 2025
 Director
 Yoshendri                                    Workshop IFRS S1 and S2                                      19 Juni 2025                        Internal Hexindo
 Direktur                                                                                                  June 19, 2025
 Director                                     Economic and FX Implications of the US–                      30 Juli 2025                        MUFG Bank
                                              Indonesia Trade Deal                                         July 30, 2025
                                              Workshop on IFRS Sustainability Standards                    23 September 2025                   IDX-UN SSE
                                                                                                           September 23, 2025
                                              EY Indonesia Thought Leadership Corporate                    25 September 2025                   EY Indonesia
                                              Financial Reporting Updates Webinar                          September 25, 2025
                                              Fundamental Corporate                  Finance   (Simulasi   9 Desember 2025                     Ikatan Akuntan Indonesia Wilayah
                                              berbasis MS. Excel)                                          December 9, 2025                    DKI Jakarta
                                              Fundamental Corporate Finance (MS Excel-Based                                                    Indonesian Institute of Accountants –
                                              Simulation)                                                                                      Jakarta Chapter
                                              Proses Bisnis Initial Public Offering (IPO) dan              10 Desember 2025                    Assosiasi Emiten Indonesia & IKPI
                                              Dampak Perpajakannya                                         December 10, 2025                   Indonesian Public Listed Companies
                                              Initial Public Offering (IPO) Business Process and Its                                           Association & IKPI
                                              Tax Implications
                                              Manajemen Risiko Pajak atas                       SP2DK,     16 Desember 2025                    SF Consultant
                                              Pemeriksaan, dan Bukti Permulaan                             December 16, 2025
                                              Tax Risk Management for SP2DK, Tax Audits, and
                                              Preliminary Evidence
                                              Persiapan Perhitungan PPh Pasal 21/26 Akhir                  18 Desember 2025                    SF Consultant
                                              Tahun dan Pengenalan BP A1 Era Coretax                       December 18, 2025
                                              Year-End Article 21/26 Income Tax Calculation
                                              Preparation and Introduction to BP A1 in the
                                              Coretax Era

*Tidak lagi menjabat sebagai Presiden Direktur Perseroan terhitung sejak 16 September 2025.
*No longer served as the Company’s President Director effective as of September 16, 2025.




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                                                                                                                                     03

PROGRAM ORIENTASI DIREKSI                                         BOARD OF DIRECTORS ORIENTATION
                                                                  PROGRAM
Program Orientasi Direksi bertujuan untuk memberikan              The Board of Directors Orientation Program is designed to
pemahaman mendalam kepada anggota Direksi yang baru               provide newly appointed Directors with a comprehensive
diangkat mengenai visi, misi, dan operasional Perusahaan,         understanding of the Company's vision, mission, and
sehingga mereka dapat melaksanakan tugas dan tanggung             operations, enabling them to perform their duties and
jawabnya dengan efektif dan efisien.                              responsibilities effectively and efficiently.


Kebijakan Program Orientasi Direksi                               Board of Directors Orientation Program Policy
Perseroan memiliki kebijakan pelaksanaan program orientasi        The Company has established an orientation program for
bagi anggota Direksi yang baru diangkat berupa presentasi,        newly appointed members of the Board of Directors, which
pertemuan, kunjungan ke cabang atau proyek, serta kegiatan        may include presentations, meetings, visits to branch offices
lain yang disesuaikan dengan kebutuhan. Program ini               or project sites, and other activities tailored to their needs.
diorganisir oleh Sekretaris Perusahaan yang bertanggung jawab     The program is organized by the Corporate Secretary, who is
untuk menyiapkan materi, jadwal pertemuan dengan Dewan            responsible for preparing the materials, arranging meetings
Komisaris dan manajemen, serta kunjungan jika diperlukan.         with the Board of Commissioners and management, and
                                                                  coordinating site visits when necessary.


Pelaksanaan Program Orientasi Direksi                             Implementation of the Board of Directors
                                                                  Orientation Program
Pada tahun buku 2025, tidak ada pengangkatan anggota baru         During fiscal year 2025, there were no new appointments to the
Direksi. Oleh karena itu, Perseroan tidak menyelenggarakan        Board of Directors. Therefore, the Company did not conduct
program orientasi bagi anggota Direksi pada tahun 2025.           an orientation program for members of the Board of Directors
                                                                  in 2025.


PENILAIAN KINERJA DIREKSI                                         BOARD OF DIRECTORS PERFORMANCE
                                                                  ASSESSMENT
Sebagai bentuk akuntabilitas dan penerapan GCG, Perseroan         As part of its commitment to accountability and the
secara berkala melakukan penilaian terhadap kinerja Direksi.      implementation of Good Corporate Governance (GCG), the
Evaluasi ini bertujuan untuk mengukur efektivitas pelaksanaan     Company regularly evaluates the performance of the Board of
tugas serta kontribusi Direksi dalam mencapai sasaran strategis   Directors. This assessment aims to measure the effectiveness
Perusahaan.                                                       of the Board in carrying out its duties and its contribution to
                                                                  achieving the Company's strategic objectives.


Prosedur Penilaian dan Pihak Penilai Kinerja Direksi              Performance Assessment Procedures and Evaluators
Kinerja Direksi dievaluasi berdasarkan pencapaian Key             The performance of the Board of Directors is evaluated based
Performance Indicators (KPI) tahunan dan triwulanan melalui       on the achievement of annual and quarterly Key Performance
2 (dua) mekanisme:                                                Indicators (KPIs) through the following two mechanisms:
1.    Self-assessment, yaitu penilaian mandiri terhadap kinerja   1.   Self-assessment, namely an evaluation of individual
      individu dan kolektif; dan                                       and collective performance conducted by the Board of
                                                                       Directors.
2.    Penilaian Dewan Komisaris, yaitu penilaian yang             2.   Board of Commissioners assessment, namely an
      dilakukan oleh Dewan Komisaris selaku pihak yang                 evaluation conducted by the Board of Commissioners in
      menjalankan fungsi Nominasi dan Remunerasi.                      its capacity as the body performing the Nomination and
                                                                       Remuneration functions.




2025 Annual Report & Sustainability Report                    155                                                 PT Hexindo Adiperkasa Tbk

Page 156
 Ikhtisar 2025 | 2025 Highlights                                              Tata Kelola Perusahaan | Good Corporate Governance
 Laporan Manajemen | Management Report                                        Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                          Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Hasil     penilaian       kinerja      Direksi       disampaikan      dalam   The results of the Board of Directors' performance assessment
RUPS Tahunan sebagai bentuk pertanggungjawaban atas                           are presented at the Annual GMS as a form of accountability
pelaksanaan tugas selama tahun berjalan. Selain itu, hasil                    for the performance of duties during the year. In addition, the
evaluasi kinerja individu Direksi juga menjadi salah satu dasar               results of each Director's individual performance evaluation
pertimbangan pemegang saham dalam pengangkatan kembali                        serve as one of the considerations for shareholders in deciding
atau pemberhentian anggota Direksi pada periode berikutnya.                   on the reappointment or dismissal of Directors for the
                                                                              subsequent term.


Kriteria Penilaian Kinerja Direksi                                            Board of Directors Performance Assessment Criteria
Penilaian kinerja Direksi dilakukan secara individu dan                       The performance of the Board of Directors is assessed both
kolektif berdasarkan KPI yang mencakup indikator-indikator                    individually and collectively based on KPIs that include,
umum, seperti:                                                                among others:
1.   Kepemimpinan, kerja sama tim, komunikasi, dan                            1.     Leadership, teamwork, communication, and professional
     kompetensi yang baik;                                                           competence.
2.   Pelaksanaan praktik GCG dalam setiap kegiatan usaha                      2.     Implementation of GCG practices in all business activities
     Perseroan;                                                                      of the Company.
3.   Tindak lanjut dari Direksi terhadap laporan/rekomendasi                  3.     Follow-up actions taken by the Board of Directors in
     Internal Audit, Auditor Eksternal, atau pengawasan OJK.                         response to reports and recommendations from Internal
                                                                                     Audit, External Auditors, and supervisory findings or
                                                                                     recommendations from the OJK.


Hasil Penilaian Kinerja Masing-Masing Anggota                                 Performance Assessment Results of Individual
Direksi                                                                       Directors
Sepanjang tahun buku 2025, masing-masing anggota Direksi                      Throughout fiscal year 2025, each member of the Board
telah melaksanakan tugas dan tanggung jawabnya dengan baik                    of Directors performed his duties and responsibilities
sesuai dengan prosedur, kriteria, dan mekanisme penilaian                     satisfactorily in accordance with the established procedures,
yang telah ditetapkan.                                                        assessment criteria, and evaluation mechanisms.




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Dewan Komisaris
Board of Commissioners



Dewan       Komisaris        merupakan       organ    Perseroan   yang    The Board of Commissioners is a corporate organ responsible
bertugas menjalankan fungsi pengawasan secara umum/                       for carrying out general and specific supervisory functions in
khusus       sesuai      dengan        ketentuan     Anggaran     Dasar   accordance with the Company's Articles of Association, as well
Perusahaan, serta memberikan nasihat kepada Direksi.                      as providing advice to the Board of Directors.


DASAR HUKUM                                                               LEGAL BASIS
Dasar hukum mengenai pembentukan, tugas, tanggung jawab,                  The legal basis governing the establishment, duties,
dan wewenang Dewan Komisaris Perseroan mengacu pada                       responsibilities, and authority of the Company's Board of
ketentuan dan peraturan perundang-undangan berikut:                       Commissioners refers to the following laws and regulations:
1.    UU No. 40 Tahun 2007 tentang Perseroan Terbatas;                    1.   Law No. 40 of 2007 concerning Limited Liability
                                                                               Companies.
2.    POJK No. 33/POJK.04/2014 tentang Direksi dan Dewan                  2.   OJK Regulation No. 33/POJK.04/2014 concerning the
      Komisaris Emiten atau Perusahaan Publik;                                 Board of Directors and Board of Commissioners of
                                                                               Issuers or Public Companies.
3.    Anggaran Dasar Perseroan; dan                                       3.   The Company's Articles of Association.
4.    Piagam Dewan Komisaris.                                             4.   The Board of Commissioners Charter.


PIAGAM DEWAN KOMISARIS                                                    BOARD OF COMMISSIONERS CHARTER
Dewan Komisaris Perseroan memiliki Piagam Dewan                           The Company has a Board of Commissioners Charter, which
Komisaris yang telah disetujui dan ditandatangani oleh seluruh            was approved and signed by all members of the Board of
anggota Dewan Komisaris pada tanggal 29 Februari 2016.                    Commissioners on February 29, 2016. The Charter has also
Piagam ini juga telah diunggah pada situs web Perseroan dan               been published on the Company's website and contains
memuat ketentuan-ketentuan berikut:                                       provisions regarding:
1.    Persyaratan Umum;                                                   1.   General Requirements.
2.    Rangkap Jabatan;                                                    2.   Concurrent Positions.
3.    Masa Jabatan;                                                       3.   Term of Office.
4.    Pengunduran Diri;                                                   4.   Resignation.
5.    Tugas, Tanggung Jawab, dan Wewenang;                                5.   Duties, Responsibilities, and Authority.
6.    Etika dan Integritas;                                               6.   Ethics and Integrity.
7.    Waktu Kerja;                                                        7.   Working Hours.
8.    Rapat; dan                                                          8.   Meetings.
9.    Pelaporan.                                                          9.   Reporting.


TUGAS, TANGGUNG JAWAB, DAN WEWENANG                                       DUTIES, RESPONSIBILITIES, AND AUTHORITY
DEWAN KOMISARIS                                                           OF THE BOARD OF COMMISSIONERS
Sebagaimana tercantum dalam Piagam Dewan Komisaris,                       As stipulated in the Board of Commissioners Charter, the
tugas dan tanggung jawab Dewan Komisaris Perseroan adalah                 duties and responsibilities of the Board of Commissioners are
sebagai berikut:                                                          as follows:
1.    Dewan Komisaris bertugas dan bertanggung jawab                      1.   The Board of Commissioners is responsible for supervising
      melakukan pengawasan dan memberi nasihat kepada                          and providing advice to the Board of Directors.
      Direksi.




2025 Annual Report & Sustainability Report                            157                                          PT Hexindo Adiperkasa Tbk

Page 158
 Ikhtisar 2025 | 2025 Highlights                                                   Tata Kelola Perusahaan | Good Corporate Governance
 Laporan Manajemen | Management Report                                             Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                               Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




2.   Dalam kondisi tertentu, Dewan Komisaris wajib                                 2.     Under certain circumstances, the Board of Commissioners
     menyelenggarakan RUPS tahunan dan RUPS lainnya                                       is required to convene the Annual General Meeting of
     sesuai dengan peraturan perundang-undangan dan                                       Shareholders (AGMS) and other General Meetings of
     Anggaran Dasar.                                                                      Shareholders (GMS) in accordance with applicable laws
                                                                                          and regulations and the Company's Articles of Association.
3.   Anggota Dewan Komisaris wajib melaksanakan tugas                              3.     Members of the Board of Commissioners must perform
     dengan itikad baik, penuh tanggung jawab dan kehati-                                 their duties in good faith, with full responsibility and due
     hatian.                                                                              care.
4.   Dalam rangka mendukung efektivitas pelaksanaan                                4.     To support the effective execution of its duties and
     tugas dan tanggung jawabnya, Dewan Komisaris wajib                                   responsibilities, the Board of Commissioners is required
     membentuk Komite Audit dan dapat membentuk komite                                    to establish an Audit Committee and may establish
     lainnya bila dianggap perlu sesuai kebutuhan serta                                   other committees as deemed necessary. The Board
     wajib melakukan evaluasi terhadap kinerja komite yang                                of Commissioners is also required to evaluate the
     membantu pelaksanaan tugas dan tanggung jawabnya                                     performance of the committees that assist in carrying out
     tersebut.                                                                            its duties and responsibilities.
5.   Tiap anggota Dewan Komisaris tanggung jawab tanggung                          5.     Each member of the Board of Commissioners is jointly
     renteng atas kerugian, kecuali:                                                      and severally liable for any losses incurred by the
                                                                                          Company, except where:
      a.     Kerugian         yang     bukan       atas     kesalahan       dan           a.      The losses were not caused by his or her fault or
             kelalaiannya;                                                                        negligence.
      b.     Telah beritikad baik penuh tanggung jawab dan                                b.      Performed supervisory duties in good faith, with full
             kehati-hatian dalam kepengurusan;                                                    responsibility and due care.
      c.     Tidak      ada     benturan        kepentingan           (langsung/          c.      Had no direct or indirect conflict of interest in the
             tidak langsung) atas tindakan pengurusan yang                                        actions that resulted in the losses.
             menyebabkan kerugian;
      d.     Telah mengambil tindakan untuk mencegah timbul                               d.      Took appropriate measures to prevent the occurrence
             atau berlanjutnya kerugian tersebut.                                                 or continuation of such losses.
6.   Dewan Komisaris berwenang memberhentikan sementara                            6.     The Board of Commissioners has the authority to
     anggota Direksi dengan menyebutkan alasannya.                                        temporarily suspend a member of the Board of Directors
                                                                                          by stating the reasons for such suspension.
7.   Dewan Komisaris setiap waktu dalam jam kerja kantor                           7.     During the Company's business hours, the Board of
     Perseroan berhak memasuki bangunan dan halaman                                       Commissioners has the right to enter any building,
     atau tempat lain yang dipergunakan atau dikuasai oleh                                premises, or other locations used or controlled by the
     Perseroan dan berhak memeriksa semua pembukuan,                                      Company. The Board also has the right to examine all
     surat dan alat bukti lainnya, memeriksa dan mencocokkan                              books, records, correspondence, and other supporting
     keadaan uang kas dan lain-lain serta berhak untuk                                    documents, verify cash balances and other assets, and
     mengetahui segala tindakan yang telah dijalankan oleh                                obtain information regarding all actions taken by the
     Direksi.                                                                             Board of Directors.
8.   Direksi dan setiap anggota Direksi wajib untuk                                8.     The Board of Directors and each Director are required to
     memberikan           penjelasan        tentang       segala      hal   yang          provide explanations regarding any matters requested by
     ditanyakan oleh Dewan Komisaris.                                                     the Board of Commissioners.
9.   Dewan         Komisaris         diwajibkan         untuk         sementara    9.     The Board of Commissioners is required to temporarily
     mengurus Perseroan, dalam hal seluruh anggota Direksi                                manage the Company if all members of the Board of
     diberhentikan untuk sementara atau Perseroan tidak                                   Directors are suspended or if the Company has no
     mempunyai seorangpun anggota Direksi. Dalam hal                                      serving Director. In such circumstances, the Board of
     demikian, Dewan Komisaris berhak untuk memberikan                                    Commissioners may delegate temporary authority to
     kekuasaan sementara kepada seorang atau lebih anggota                                one or more of its members on behalf of the Board of
     Dewan Komisaris atas tanggungan Dewan Komisaris.                                     Commissioners.




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10. Dalam hal hanya ada seorang anggota Dewan Komisaris,            10. If the Company has only one member of the Board of
      segala tugas dan wewenang yang diberikan kepada                     Commissioners, all duties and authorities assigned to
      Presiden Komisaris atau anggota Dewan Komisaris dalam               the President Commissioner or members of the Board
      Anggaran Dasar berlaku pula baginya.                                of Commissioners under the Articles of Association shall
                                                                          also apply to that sole member.


MASA JABATAN DEWAN KOMISARIS                                        TERM OF OFFICE OF THE BOARD OF
                                                                    COMMISSIONERS
Anggota Dewan Komisaris diangkat oleh RUPS untuk jangka             Members of the Board of Commissioners are appointed by
waktu yang dimulai sejak tanggal yang ditentukan dalam RUPS         the GMS for a term commencing on the date specified in the
yang mengangkat mereka, dan berakhir pada penutupan RUPS            GMS resolution approving their appointment and ending
tahunan yang ketiga sejak tanggal pengangkatan.                     at the closing of the third AGMS following the date of their
                                                                    appointment.


SUSUNAN DAN KOMPOSISI DEWAN KOMISARIS                               STRUCTURE AND COMPOSITION OF THE
                                                                    BOARD OF COMMISSIONERS
Ketentuan mengenai susunan, komposisi, dan masa jabatan             The provisions regarding the structure, composition, and
Dewan Komisaris Perseroan tercantum dalam Piagam Dewan              term of office of the Company's Board of Commissioners are
Komisaris. Dewan Komisaris terdiri dari minimal 2 (dua)             outlined in the Board of Commissioners Charter. The Board
anggota, yaitu seorang Presiden Komisaris dan 1 (satu) atau         of Commissioners consists of at least 2 (two) members,
lebih anggota Komisaris. Jika jumlah Dewan Komisaris lebih          comprising a President Commissioner and 1 (one) or more
dari 2 (dua), maka Komisaris Independen harus mencakup              Commissioners. If the Board of Commissioners consists of
minimal 30% dari total anggota. Selain itu, anggota Dewan           more than 2 (two) members, Independent Commissioners
Komisaris dapat berasal dari warga negara Indonesia atau asing      must represent at least 30% of the total membership. Members
yang memenuhi persyaratan sesuai peraturan perundang-               of the Board of Commissioners may be Indonesian citizens or
undangan yang berlaku.                                              foreign nationals who meet the requirements stipulated under
                                                                    the applicable laws and regulations.

Susunan dan Komposisi Dewan Komisaris pada                          Structure and Composition of the Board of
Tahun Buku 2025                                                     Commissioners in Fiscal Year 2025
Sepanjang tahun buku 2025, tidak terdapat perubahan                 There were no changes to the composition of the Company's
komposisi anggota Dewan Komisaris Perseroan. Berdasarkan            Board of Commissioners throughout fiscal year 2025. Based
Akta Berita Acara RUPST No. 3 tanggal 16 September 2025,            on the Deed of Minutes of the Annual General Meeting of
susunan dan komposisi Dewan Komisaris Perseroan pada                Shareholders No. 3 dated September 16, 2025, the structure
akhir tahun buku 2025 adalah sebagai berikut:                       and composition of the Company's Board of Commissioners
                                                                    as of the end of fiscal year 2025 were as follows:

Susunan dan Dewan Komisaris (3I Maret 2026)
Structured and Composition of the Board of Commissioners (March 31, 2026)

                         Nama                                                            Jabatan
                         Name                                                            Position
                                             Presiden Komisaris (Komisaris Independen)
 Toto Wahyudiyanto
                                             President Commissioner (Independent Commissioner)
                                             Komisaris Independen
 Harry Danui
                                             Independent Commissioner



Susunan dan Komposisi Dewan Komisaris Setelah                       Structure and Composition of the Board of
Tahun Buku 2025                                                     Commissioners After Fiscal Year 2025
Setelah berakhirnya tahun buku 2025 hingga diterbitkannya           From the end of fiscal year 2025 until the issuance of this
Laporan ini, tidak terdapat perubahan pada komposisi anggota        Report, there have been no changes to the composition of the
Dewan Komisaris Perseroan.                                          Company's Board of Commissioners.


2025 Annual Report & Sustainability Report                     159                                             PT Hexindo Adiperkasa Tbk

Page 160
 Ikhtisar 2025 | 2025 Highlights                                                          Tata Kelola Perusahaan | Good Corporate Governance
 Laporan Manajemen | Management Report                                                    Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                      Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




HUBUNGAN AFILIASI DEWAN KOMISARIS                                                         AFFILIATED RELATIONSHIPS OF THE BOARD
                                                                                          OF COMMISSIONERS
Hubungan afiliasi antara anggota Dewan Komisaris, Direksi,                                Affiliated relationships among members of the Board of
dan     Pemegang         Saham       Pengendali          meliputi     hubungan            Commissioners, the Board of Directors, and the Controlling
keluarga dan hubungan keuangan yang dapat mempengaruhi                                    Shareholder include family and financial relationships that
dinamika pengambilan keputusan Perusahaan serta berpotensi                                may influence the Company's decision-making process and
menimbulkan konflik kepentingan. Berikut adalah uraian                                    potentially give rise to conflicts of interest. The following is
mengenai hubungan afiliasi antara sesama anggota Dewan                                    a description of the affiliated relationships among members
Komisaris, serta hubungan antara Dewan Komisaris dengan                                   of the Board of Commissioners, as well as the relationships
Direksi dan Pemegang Saham Pengendali pada tahun buku 2025:                               between the Board of Commissioners, the Board of Directors,
                                                                                          and the Controlling Shareholder during fiscal year 2025:
Hubungan Afiliasi Dewan Komisaris
Affiliation Relationships of the Board of Commissioners
                                                  Hubungan Keluarga dengan                                              Hubungan Keuangan dengan
                                                         Family Relationship with                                             Financial Relationship with
                                                                                     Pemegang                                                              Pemegang
                                          Dewan                                                               Dewan
                                                                    Direksi            Saham                                          Direksi                Saham
      Nama dan Jabatan                   Komisaris                                                           Komisaris
      Name and Position                  Board of
                                                                  Board of          Pengendalian              Board of
                                                                                                                                     Board of             Pengendalian
                                                                  Directors            Controlling                                   Directors              Controlling
                                       Commissioner                                                         Commissioner
                                                                                      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
 Toto Wahyudiyanto
 Presiden Komisaris
 (Komisaris Independen)                              √                      √                      √                     √                     √                      √
 President Commissioner
 (Independent Commissioner)
 Harry Danui
 Komisaris Independen                                √                      √                      √                     √                     √                      √
 Independent Commissioner



INDEPENDENSI KOMISARIS INDEPENDEN                                                         INDEPENDENCE OF INDEPENDENT
                                                                                          COMMISSIONERS
Seluruh anggota Dewan Komisaris Perseroan menyatakan                                      All members of the Company's Board of Commissioners have
bahwa seluruh tugas dan tanggung jawabnya dilaksanakan                                    declared that they perform their duties and responsibilities
secara independen serta telah memenuhi persyaratan                                        independently           and        have     fulfilled     the        independence
independensi sesuai dengan ketentuan dalam POJK No.                                       requirements set forth under OJK Regulation No. 33/
33/2014 berikut:                                                                          POJK.04/2014, as follows:


                                              Kriteria Independensi                                                                 Toto
                                                                                                                                                           Harry Danui
                                                Independence Criteria                                                            Wahyudiyanto
 Bukan merupakan orang yang bekerja atau mempunyai wewenang dan tanggung jawab untuk merencanakan,
 memimpin, mengendalikan, atau mengawasi kegiatan Perseroan dalam waktu 6 (enam) bulan terakhir, kecuali
 untuk pengangkatan kembali sebagai Komisaris Independen Perseroan pada periode berikutnya;                                               √                       √
 Not being employed nor having the authority and responsibility to plan, lead, control, or supervise the Company’s
 activities within the last 6 (six) months, except for re-appointment as the Independent Commissioner in the
 subsequent period;
 Tidak mempunyai saham baik langsung maupun tidak langsung pada Perseroan;
                                                                                                                                          √                       √
 Not having any shares in the Company, either directly or indirectly;
 Tidak memiliki hubungan afiliasi dengan Perseroan, anggota Dewan Komisaris, anggota Direksi atau
 pemegang saham utama Perseroan;
                                                                                                                                          √                       √
 Not having any affiliation relationship with the Company, members of the Board of Commissioners, members of the
 Board of Directors, or the Company’s majority shareholders;
 Tidak mempunyai hubungan usaha baik langsung maupun tidak langsung yang berkaitan dengan kegiatan
 usaha Perseroan.                                                                                                                         √                       √
 Not having any business relationship, either directly or indirectly, that is related to the Company’s business activities.




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RAPAT DEWAN KOMISARIS                                                   BOARD OF COMMISSIONERS MEETINGS
Rapat Dewan Komisaris merupakan rapat formal yang                       Board of Commissioners meetings are formal meetings held on
diadakan secara berkala atau sewaktu-waktu apabila dianggap             a regular basis or whenever deemed necessary by the President
perlu oleh Presiden Komisaris atau oleh satu atau lebih anggota         Commissioner or one or more members of the Board of
Dewan Komisaris. Jika diperlukan, Dewan Komisaris juga                  Commissioners. When necessary, the Board of Commissioners
dapat mengundang Direksi untuk hadir dalam rapat tersebut.              may also invite members of the Board of Directors to attend
                                                                        such meetings.


Kebijakan Rapat Dewan Komisaris                                         Board of Commissioners Meeting Policy
Sesuai dengan ketentuan dalam POJK No. 33/2014, Dewan                   In accordance with OJK Regulation No. 33/POJK.04/2014, the
Komisaris diwajibkan untuk menyelenggarakan rapat internal              Board of Commissioners is required to hold internal meetings
minimal 1 (satu) kali dalam 2 (dua) bulan, serta rapat gabungan         at least once every two months and joint meetings with the
dengan Direksi minimal 1 (satu) kali dalam 4 (empat) bulan.             Board of Directors at least once every four months.


Pelaksanaan Rapat Dewan Komisaris                                       Implementation of Board of Commissioners
                                                                        Meetings
Sepanjang tahun buku 2025, Dewan Komisaris telah                        Throughout fiscal year 2025, the Board of Commissioners held
melaksanakan 6 (Enam) kali rapat internal dan 4 (empat) kali            6 (six) internal meetings and 4 (four) joint meetings with the
rapat gabungan bersama Direksi dengan tingkat kehadiran                 Board of Directors. The attendance record was as follows:
sebagai berikut:


Kehadiran Dewan Komisaris dalam Rapat Internal dan Rapat Gabungan Tahun Buku 2025
Attendance of the Board of Commissioners in Internal and Joint Meetings in the 2025 Fiscal Year

                                                         Rapat Internal                                Rapat Gabungan
                                                          Internal Meeting                                Joint Meeting
            Nama dan Jabatan
             Name and Position               Jumlah Rapat         Kehadiran                 Jumlah Rapat         Kehadiran
                                                                                    %                                               %
                                             Total Meetings       Attendances               Total Meetings       Attendances
 Toto Wahyudiyanto
 Presiden Komisaris (Komisaris Independen)         6                    6           100           4                   4            100
 President Director
 Harry Danui
 Komisaris Independen                              6                    6           100           4                   4            100
 Independent Commissioner



Selain itu, Dewan Komisaris Perseroan juga berpartisipasi               In addition, the Company's Board of Commissioners
dalam menghadiri RUPS. Informasi mengenai tingkat                       participated in the General Meetings of Shareholders (GMS).
kehadiran anggota Dewan Komisaris pada RUPS yang                        Information regarding the attendance of members of the Board
diselenggarakan sepanjang tahun buku 2025 dapat ditemukan               of Commissioners at the GMS held during fiscal year 2025 can
pada subbab Rapat Umum Pemegang Saham dalam Laporan                     be found in the General Meeting of Shareholders section of this
Tahunan dan Keberlanjutan ini.                                          Annual and Sustainability Report.


PENGEMBANGAN KOMPETENSI DEWAN                                           BOARD OF COMMISSIONERS COMPETENCY
KOMISARIS [2-17]                                                        DEVELOPMENT
Kegiatan pengembangan kompetensi berperan penting bagi                  Competency development activities play an important role
Dewan Komisaris dalam memperkuat fungsi pengawasan dan                  in strengthening the Board of Commissioners' supervisory
pemberian nasihat strategis kepada Direksi, terutama dalam              function and its ability to provide strategic advice to the
menjaga akuntabilitas, kepatuhan, serta keberlanjutan tata              Board of Directors, particularly in maintaining accountability,
kelola Perseroan.                                                       compliance, and sustainable corporate governance.




2025 Annual Report & Sustainability Report                         161                                           PT Hexindo Adiperkasa Tbk

Page 162
 Ikhtisar 2025 | 2025 Highlights                                                     Tata Kelola Perusahaan | Good Corporate Governance
 Laporan Manajemen | Management Report                                               Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                 Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Kebijakan Pengembangan Kompetensi Dewan                                              Board of Commissioners Competency Development
Komisaris                                                                            Policy
Perseroan memiliki kebijakan untuk mendukung pelatihan dan                           The Company has established a policy to support training
peningkatan kompetensi bagi anggota Dewan Komisaris yang                             and competency development for members of the Board of
bertujuan untuk meningkatkan pengetahuan, keterampilan,                              Commissioners. This policy aims to enhance the knowledge,
dan wawasan anggota Dewan Komisaris dalam mendukung                                  skills, and insights of the Board of Commissioners in carrying
pelaksanaan tugas pengawasan atas Direksi dan Perseroan,                             out its supervisory responsibilities over the Board of Directors
serta memastikan penerapan GCG.                                                      and the Company, while ensuring the implementation of GCG.


Kegiatan Pengembangan Kompetensi Dewan                                               Board of Commissioners Competency Development
Komisaris                                                                            Activities
Sepanjang tahun buku 2025, Dewan Komisaris Perseroan                                 Throughout fiscal year 2025, the Company's Board of
telah mengikuti kegiatan pelatihan dan/atau peningkatan                              Commissioners participated in the following training and
kompetensi berikut:                                                                  competency development activities:


Kegiatan Pengembangan Kompetensi Dewan Komisaris pada Tahun 2025
Board of Commissioners Competency Development Activities in the 2025 Fiscal Year
           Nama dan Jabatan                                             Materi                                       Tanggal                  Penyelenggara
            Name and Position                                            Topic                                          Date                     Organizer
 Toto Wahyudiyanto                                Workshop IFRS S1 dan S2                                    19 Juni 2025                 Internal Hexindo
 Presiden Komisaris (Komisaris Independen)                                                                   June 19, 2025
 President Director
 Harry Danui                                      Workshop IFRS S1 dan S2                                    19 Juni 2025                 Internal Hexindo
 Komisaris Independen                                                                                        June 19, 2025
 Independent Commissioner                         Risk and Governance Summit                                 19 Agustus 2025              OJK Institute
                                                                                                             August 19, 2025
                                                  Peran Komite Audit dalam ICOFR                             26 Agustus 2025              OJK Institute
                                                  The Role of the Audit Committee in ICOFR                   August 26, 2025
                                                  Risk Appetite and Risk Culture: Pilar Utama dalam          9 Oktober 2025               OJK Institute
                                                  Penguatan Manajemen Risiko di Sektor Keuangan              October 9, 2025
                                                  Risk Appetite and Risk Culture: Key Pillars in
                                                  Strengthening Risk Management in the Financial Sector
                                                  Economic Outlook 2026                                      19 Februari 2026             OJK Institute
                                                                                                             February 19, 2026



PROGRAM ORIENTASI DEWAN KOMISARIS                                                    BOARD OF COMMISSIONERS ORIENTATION
                                                                                     PROGRAM
Program Orientasi Dewan Komisaris bertujuan untuk                                    The Board of Commissioners Orientation Program is
memberikan pemahaman yang komprehensif kepada anggota                                designed to provide newly appointed members of the Board
Dewan Komisaris yang baru diangkat mengenai visi, misi,                              of Commissioners with a comprehensive understanding of the
tata kelola, serta strategi dan operasional Perusahaan. Dengan                       Company's vision, mission, governance framework, strategy,
demikian, anggota Dewan Komisaris dapat menjalankan                                  and operations. This enables them to effectively carry out
fungsi pengawasan dan pemberian nasihat secara optimal                               their supervisory and advisory functions in accordance with
sesuai dengan peraturan perundang-undangan yang berlaku.                             applicable laws and regulations.


Kebijakan Program Orientasi Dewan Komisaris                                          Board of Commissioners Orientation Program Policy
Perseroan memiliki kebijakan pelaksanaan program orientasi                           The Company has established an orientation program for
bagi anggota Dewan Komisaris yang baru diangkat melalui                              newly appointed members of the Board of Commissioners.
penyampaian materi berbentuk presentasi, diskusi bersama                             The program may include presentations, discussions with the
Direksi dan manajemen, kunjungan ke unit usaha atau proyek                           Board of Directors and management, visits to business units or
strategis, serta kegiatan lain yang relevan. Program orientasi                       strategic projects, and other relevant activities. The orientation
ini diselenggarakan oleh Sekretaris Perusahaan, yang bertugas                        program is organized by the Corporate Secretary, who is




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menyiapkan materi, mengatur jadwal pertemuan dengan              responsible for preparing the materials, arranging meetings
Direksi dan unit terkait, serta memastikan kelancaran kegiatan   with the Board of Directors and relevant units, and ensuring
orientasi.                                                       the smooth implementation of the program.


Pelaksanaan Program Orientasi Dewan Komisaris                    Implementation of the Board of Commissioners
                                                                 Orientation Program
Sepanjang tahun buku 2025, tidak ada pengangkatan anggota        Throughout fiscal year 2025, there were no new appointments
Dewan Komisaris yang baru. Oleh karena itu, Perseroan tidak      to the Board of Commissioners. Therefore, the Company
menyelenggarakan program orientasi bagi Dewan Komisaris          did not conduct an orientation program for the Board of
pada tahun buku 2025.                                            Commissioners during fiscal year 2025.


PENILAIAN KINERJA DEWAN KOMISARIS                                BOARD OF COMMISSIONERS PERFORMANCE
                                                                 ASSESSMENT
Sebagai wujud transparansi dan tanggung jawab atas fungsi        As part of its commitment to transparency and accountability
pengawasan, Perseroan secara berkala melakukan evaluasi          in carrying out its supervisory function, the Company regularly
terhadap kinerja Dewan Komisaris. Penilaian ini bertujuan        evaluates the performance of the Board of Commissioners. The
untuk menilai efektivitas pelaksanaan tugas pengawasan serta     assessment aims to measure the effectiveness of its supervisory
kontribusi dalam menjaga penerapan GCG.                          duties and its contribution to maintaining the implementation
                                                                 of GCG.


Prosedur Penilaian dan Pihak Penilai Kinerja Dewan               Performance Assessment Procedures and Evaluators
Komisaris
Penilaian kinerja Dewan Komisaris dilakukan setiap tahun         The performance of the Board of Commissioners is evaluated
melalui mekanisme self-assessment, berdasarkan indikator         annually through a self-assessment mechanism based on
umum yang ditetapkan dalam Rapat Dewan Komisaris.                general indicators established at Board of Commissioners
Hasil penilaian tersebut disusun dalam bentuk laporan            meetings. The assessment results are compiled in the form of
pertanggungjawaban dan disampaikan kepada para pemegang          an accountability report and presented to shareholders at the
saham dalam RUPS Tahunan.                                        Annual GMS.

Kriteria Penilaian Kinerja Dewan Komisaris                       Board of Commissioners Performance Assessment
                                                                 Criteria
Penilaian kinerja dilakukan secara kolektif dan individual       The performance assessment is conducted both collectively
berdasarkan indikator umum yang ditetapkan dalam Rapat           and individually based on general indicators established by the
Dewan Komisaris, seperti:                                        Board of Commissioners, including:
1.    Efektivitas pengawasan terhadap pelaksanaan tugas          1.   Effectiveness in supervising the performance of the Board
      Direksi;                                                        of Directors.
2.    Keterlibatan aktif dalam fungsi Nominasi dan Remunerasi;   2.   Active involvement in the Nomination and Remuneration
                                                                      function.
3.    Kepatuhan terhadap peraturan perundang-undangan,           3.   Compliance with applicable laws and regulations, the
      Anggaran Dasar Perseroan, dan keputusan RUPS;                   Company's Articles of Association, and resolutions of the
                                                                      General Meeting of Shareholders.
4.    Kualitas komunikasi dan koordinasi antar anggota serta     4.   Quality of communication and coordination among
      dengan Direksi; serta                                           Board members and with the Board of Directors.
5.    Kontribusi dalam pengambilan keputusan strategis dan       5.   Contribution to strategic decision-making and the
      pengelolaan risiko Perseroan.                                   Company's risk management.




2025 Annual Report & Sustainability Report                   163                                          PT Hexindo Adiperkasa Tbk

Page 164
 Ikhtisar 2025 | 2025 Highlights                                        Tata Kelola Perusahaan | Good Corporate Governance
 Laporan Manajemen | Management Report                                  Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                    Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Hasil Penilaian Kinerja Masing-Masing Anggota                           Performance Assessment Results of Individual
Dewan Komisaris                                                         Members of the Board of Commissioners
Sepanjang tahun buku 2025, masing-masing anggota Dewan                  Throughout fiscal year 2025, each member of the Board of
Komisaris telah melaksanakan tugas dan tanggung jawabnya                Commissioners performed his duties and responsibilities
dengan baik sesuai dengan prosedur, kriteria, dan mekanisme             satisfactorily in accordance with the established procedures,
penilaian yang telah ditetapkan.                                        assessment criteria, and evaluation mechanisms.




Nominasi dan Remunerasi Dewan Komisaris dan Direksi
Nomination and Remueneration of the Board of Commissioners and Directors


Nominasi adalah pengusulan seseorang untuk diangkat                     Nomination refers to the proposal of an individual for
sebagai anggota Direksi atau Dewan Komisaris. Sementara itu,            appointment as a member of the Board of Directors or the Board
remunerasi adalah imbalan yang diberikan kepada anggota                 of Commissioners. Remuneration refers to the compensation
Direksi dan Dewan Komisaris sebagai kompensasi atas peran,              provided to members of the Board of Directors and the Board
tanggung jawab, dan wewenang yang mereka jalankan dalam                 of Commissioners in recognition of the roles, responsibilities,
Perusahaan.                                                             and authority they carry out within the Company.


DASAR HUKUM                                                             LEGAL BASIS
Dasar hukum mengenai pelaksanaan nominasi dan remunerasi                The legal basis governing the implementation of nomination
Dewan Komisaris dan Direksi Perseroan mengacu pada                      and remuneration functions for the Board of Commissioners
ketentuan dan peraturan perundang-undangan berikut:                     and the Board of Directors refers to the following regulations:
1.   POJK No. 34/POJK.04/2014 tentang Komite Nominasi                   1.     OJK Regulation No. 34/POJK.04/2014 concerning the
     dan Remunerasi Emiten atau Perusahaan Publik;                             Nomination and Remuneration Committee of Issuers or
                                                                               Public Companies.
2.   POJK No. 21/POJK.04/2015 tentang Penerapan Pedoman                 2.     OJK Regulation No. 21/POJK.04/2015 concerning the
     Tata Kelola Perusahaan Terbuka; dan                                       Implementation of Corporate Governance Guidelines for
                                                                               Public Companies.
3.   Pedoman Pelaksanaan Fungsi Nominasi & Remunerasi                   3.     The Company's Guidelines for the Implementation of
     Perseroan.                                                                Nomination and Remuneration Functions.


PELAKSANA FUNGSI NOMINASI DAN                                           IMPLEMENTATION OF NOMINATION AND
REMUNERASI                                                              REMUNERATION FUNCTIONS
Hingga akhir tahun buku 2025, fungsi nominasi dan                       As of the end of fiscal year 2025, the nomination and
remunerasi dijalankan oleh Dewan Komisaris. Alasan tidak                remuneration functions were carried out by the Board
dibentuknya Komite Nominasi dan Remunerasi adalah karena                of Commissioners. The Company has not established a
mempertimbangkan efisiensi, efektivitas, dan kompleksitas               Nomination and Remuneration Committee, taking into
Perusahaan yang masih memungkinkan fungsi ini dijalankan                consideration efficiency, effectiveness, and the Company's
oleh Dewan Komisaris.                                                   level of complexity, which still allows these functions to be
                                                                        performed directly by the Board of Commissioners.




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PEDOMAN PELAKSANAAN FUNGSI NOMINASI                                      GUIDELINES FOR THE IMPLEMENTATION
DAN REMUNERASI                                                           OF NOMINATION AND REMUNERATION
                                                                         FUNCTIONS
Perseroan telah menetapkan Pedoman Pelaksanaan Fungsi                    The    Company       has   established   Guidelines     for    the
Nominasi dan Remunerasi yang telah disahkan oleh Dewan                   Implementation of Nomination and Remuneration Functions,
Komisaris pada 1 Februari 2023. Pedoman ini juga telah                   which were approved by the Board of Commissioners on
diunggah pada situs web Perseroan dan memuat ketentuan-                  February 1, 2023. The guidelines have also been published on
ketentuan berikut:                                                       the Company's website and contain provisions regarding:
1.    Tugas dan Tanggung Jawab;                                          1.    Duties and Responsibilities.
2.    Tata Cara dan Prosedur Kerja;                                      2.    Work Procedures and Processes.
3.    Penyelenggaraan Rapat; dan                                         3.    Meeting Administration.
4.    Pelaporan.                                                         4.    Reporting.


TUGAS DAN TANGGUNG JAWAB PELAKSANA                                       DUTIES AND RESPONSIBILITIES OF THE
FUNGSI NOMINASI DAN REMUNERASI                                           NOMINATION AND REMUNERATION
                                                                         FUNCTION
Sebagaimana tercantum dalam Pedoman Pelaksanaan Fungsi                   As stipulated in the Guidelines for the Implementation of
Nominasi dan Remunerasi, Dewan Komisaris memiliki                        Nomination and Remuneration Functions, the Board of
tugas dan tanggung jawab berikut dalam menjalankan fungsi                Commissioners has the following duties and responsibilities in
nominasi dan remunerasi:                                                 carrying out the nomination and remuneration functions:
•     Terkait dengan fungsi nominasi:                                    •     With respect to the nomination function:
      1.     Menyusun dan memberikan rekomendasi kepada                        1.   Prepare and provide recommendations to the Board
             Dewan Komisaris mengenai:                                              of Commissioners regarding:
             a.    Komposisi jabatan anggota Direksi dan/atau                       a.   The composition of positions within the
                   anggota Dewan Komisaris;                                              Board of Directors and/or the Board of
                                                                                         Commissioners.
             b.    Kebijakan dan kriteria yang dibutuhkan dalam                     b.   Policies and criteria required for the nomination
                   proses nominasi; dan                                                  process.
             c.    Kebijakan evaluasi kinerja bagi anggota Direksi                  c.   Performance evaluation policies for members
                   dan/ atau anggota Dewan Komisaris;                                    of the Board of Directors and/or the Board of
                                                                                         Commissioners.
      2.     Membantu Dewan Komisaris melakukan penilaian                      2.   Assist the Board of Commissioners in assessing the
             kinerja anggota Direksi dan/atau anggota Dewan                         performance of members of the Board of Directors
             Komisaris berdasarkan tolak ukur yang telah disusun                    and/or the Board of Commissioners based on
             sebagai bahan evaluasi;                                                established performance indicators for evaluation
                                                                                    purposes.
      3.     Memberikan rekomendasi kepada Dewan Komisaris                     3.   Provide     recommendations     to   the   Board     of
             mengenai program pengembangan kemampuan                                Commissioners regarding competency development
             anggota Direksi dan/atau Dewan Komisaris; serta                        programs for members of the Board of Directors
                                                                                    and/or the Board of Commissioners.
      4.     Memberikan usulan calon yang memenuhi syarat                      4.   Recommend qualified candidates for membership
             sebagai anggota Direksi dan/atau anggota Dewan                         of the Board of Directors and/or the Board of
             Komisaris        kepada         Dewan   Komisaris   untuk              Commissioners to the Board of Commissioners for
             disampaikan kepada RUPS.                                               submission to the General Meeting of Shareholders
                                                                                    (GMS).


•     Terkait dengan fungsi remunerasi:                                  •     With respect to the remuneration function:
      1.     Memberikan rekomendasi kepada Dewan Komisaris                     1.   Provide     recommendations     to   the   Board     of
             mengenai:                                                              Commissioners regarding:



2025 Annual Report & Sustainability Report                           165                                           PT Hexindo Adiperkasa Tbk

Page 166
 Ikhtisar 2025 | 2025 Highlights                                        Tata Kelola Perusahaan | Good Corporate Governance
 Laporan Manajemen | Management Report                                  Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                    Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




            a.     Struktur remunerasi anggota Direksi dan                            a.     The remuneration structure for members
                   anggota Dewan Komisaris;                                                  of the Board of Directors and the Board of
                                                                                             Commissioners.
            b.     Kebijakan atas remunerasi anggota Direksi dan                      b.     Remuneration            policies   for    members        of
                   anggota Dewan Komisaris; dan                                              the Board of Directors and the Board of
                                                                                             Commissioners.
            c.     Besaran atas remunerasi anggota Direksi dan                        c.     The amount of remuneration for members
                   anggota Dewan Komisaris;                                                  of the Board of Directors and the Board of
                                                                                             Commissioners.
     2.     Melakukan penilaian kinerja dengan kesesuaian                      2.     Assess the alignment between the performance of each
            Remunerasi yang diterima masing-masing anggota                            member of the Board of Directors and/or the Board of
            Direksi dan/atau anggota Dewan Komisaris.                                 Commissioners and the remuneration received.


RAPAT FUNGSI NOMINASI DAN REMUNERASI                                    NOMINATION AND REMUNERATION
                                                                        FUNCTION MEETINGS
Rapat Fungsi Nominasi dan Remunerasi merupakan wadah                    Meetings of the Nomination and Remuneration Function
penting untuk memastikan transparansi dalam pengusulan                  serve as an important forum to ensure transparency in the
anggota Direksi dan Dewan Komisaris serta penetapan                     nomination of members of the Board of Directors and the Board
kebijakan remunerasi yang sesuai dengan peran dan tanggung              of Commissioners, as well as in determining remuneration
jawab mereka.                                                           policies that are aligned with their roles and responsibilities.


Kebijakan Rapat Fungsi Nominasi dan Remunerasi                          Nomination and Remuneration Function Meeting
                                                                        Policy
Sesuai dengan ketentuan dalam Pedoman Pelaksanaan                       In accordance with the Guidelines for the Implementation
Fungsi Nominasi dan Remunerasi, rapat fungsi nominasi                   of Nomination and Remuneration Functions, meetings must
dan remunerasi diselenggarakan minimal 1 (satu) kali dalam              be held at least once every four months. These meetings may
4 (empat) bulan. Selain itu, rapat ini juga dapat digabungkan           be conducted in conjunction with Board of Commissioners
dengan Rapat Dewan Komisaris dan hanya dapat dilaksanakan               meetings and may only proceed if attended by a majority of the
jika dihadiri oleh mayoritas anggota Dewan Komisaris.                   members of the Board of Commissioners.


Pelaksanaan Rapat Fungsi Nominasi dan Remunerasi                        Implementation of Nomination and Remuneration
                                                                        Function Meetings
Sepanjang tahun buku 2025, rapat fungsi nominasi dan                    Throughout fiscal year 2025, meetings of the Nomination and
remunerasi dilaksanakan bersamaan dengan rapat Dewan                    Remuneration Function were conducted in conjunction with
Komisaris, yang diselenggarakan sebanyak 6 (enam) kali.                 Board of Commissioners meetings, which were held 6 (six)
Informasi mengenai tingkat kehadiran Dewan Komisaris                    times. Information regarding the attendance of the Board of
dalam rapat tersebut dapat ditemukan pada subbab Dewan                  Commissioners at these meetings can be found in the Board of
Komisaris dalam Laporan Tahunan dan Keberlanjutan ini.                  Commissioners section of this Annual and Sustainability Report.


PROSEDUR NOMINASI DEWAN KOMISARIS                                       NOMINATION PROCEDURES FOR THE
DAN DIREKSI [2-10]                                                      BOARD OF COMMISSIONERS AND BOARD OF
                                                                        DIRECTORS
Prosedur nominasi Dewan Komisaris dan Direksi dirancang                 The nomination procedures for the Board of Commissioners
untuk memastikan proses seleksi yang objektif, transparan,              and the Board of Directors are designed to ensure an objective,
dan sesuai dengan kebutuhan Perusahaan.                                 transparent, and needs-based selection process.




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Kebijakan Nominasi Dewan Komisaris dan Direksi                      Nomination Policy for the Board of Commissioners
                                                                    and Board of Directors
Dalam melaksanakan fungsi nominasi dan remunerasi,                  In carrying out the nomination and remuneration functions,
Dewan Komisaris menetapkan komposisi anggota Dewan                  the Board of Commissioners determines the composition
Komisaris dan Direksi dengan mempertimbangkan kondisi               of the Board of Commissioners and the Board of Directors
Perseroan serta memastikan keberagaman dalam hal keahlian,          by considering the Company's circumstances and ensuring
pengetahuan, dan pengalaman relevan yang dimiliki oleh              diversity in terms of expertise, knowledge, and relevant
setiap calon.                                                       experience among candidates.


Proses Nominasi Dewan Komisaris dan Direksi                         Nomination Process for the Board of Commissioners
                                                                    and Board of Directors
Pengusulan calon anggota Dewan Komisaris dan Direksi                The nomination of candidates for membership of the Board
Perseroan dilakukan dengan melalui beberapa tahapan berikut:        of Commissioners and the Board of Directors is conducted
1.    Penilaian terhadap kebutuhan posisi yang tersedia;            through the following stages:
2.    Evaluasi terhadap calon kandidat yang memenuhi                1.   Assessment of the available position requirements.
      kualifikasi; dan                                              2.   Evaluation of qualified candidates.
3.    Pengajuan         nama       kandidat   untuk   mendapatkan   3.   Submission of candidate nominations for approval at the
      persetujuan dalam RUPS.                                            General Meeting of Shareholders (GMS).


PROSEDUR DAN PELAKSANAAN REMUNERASI                                 PROCEDURES AND IMPLEMENTATION
DEWAN KOMISARIS DAN DIREKSI [2-19, 2-20]                            OF REMUNERATION FOR THE BOARD OF
                                                                    COMMISSIONERS AND BOARD OF DIRECTORS
Prosedur remunerasi Dewan Komisaris dan Direksi ditetapkan          The remuneration procedures for the Board of Commissioners
untuk memastikan kesesuaian antara kompensasi yang                  and the Board of Directors are established to ensure
diberikan dengan kinerja dan kontribusi yang dihasilkan.            that compensation is aligned with the performance and
                                                                    contributions of each member.


Prosedur Penetapan Remunerasi Dewan Komisaris                       Procedure for Determining Remuneration of the
dan Direksi                                                         Board of Commissioners and Board of Directors
Berdasarkan Pedoman Pelaksanaan Fungsi Nominasi dan                 Based on the Company's Guidelines for the Implementation of
Remunerasi Perseroan, prosedur penetapan jumlah remunerasi          Nomination and Remuneration Functions, the determination of
yang diterima oleh Dewan Komisaris dan Direksi dilakukan            remuneration for members of the Board of Commissioners and
dengan mempertimbangkan hal-hal berikut:                            the Board of Directors takes into account the following factors:
1.    Remunerasi yang berlaku pada industri dengan kegiatan         1.   Remuneration practices within companies of similar
      usaha dan/atau skala usaha sejenis dari Perseroan;                 industry and business scale.
2.    Peran, tanggung jawab dan wewenang anggota Direksi            2.   The roles, responsibilities, and authority of members of
      dan anggota Dewan Komisaris dikaitkan dengan                       the Board of Directors and the Board of Commissioners
      pencapaian tujuan dan kinerja Perseroan;                           in relation to the achievement of the Company's objectives
                                                                         and performance.
3.    Target dan kinerja masing-masing anggota Direksi dan          3.   The targets and performance of each member of the Board
      anggota Dewan Komisaris; dan                                       of Directors and the Board of Commissioners.
4.    Keseimbangan tunjangan yang bersifat tetap dan bersifat       4.   An appropriate balance between fixed and variable
      variabel.                                                          compensation components.




2025 Annual Report & Sustainability Report                      167                                            PT Hexindo Adiperkasa Tbk

Page 168
 Ikhtisar 2025 | 2025 Highlights                                         Tata Kelola Perusahaan | Good Corporate Governance
 Laporan Manajemen | Management Report                                   Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                     Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Struktur Remunerasi Dewan Komisaris dan Direksi                          Remuneration Structure of the Board of
                                                                         Commissioners and Board of Directors
Struktur remunerasi Dewan Komisaris dan Direksi Perseroan                The remuneration structure for members of the Board of
mencakup:                                                                Commissioners and the Board of Directors includes:
1.   Gaji;                                                               1.      Salaries;
2.   Honorarium;                                                         2.      Honoraria;
3.   Insentif; dan                                                       3.      Incentives;
4.   Tunjangan lainnya.                                                  4.      Other allowances and benefits;


Remunerasi Dewan Komisaris dan Direksi                                   Remuneration of the Board of Commissioners and
                                                                         Board of Directors
Jumlah remunerasi yang diterima oleh seluruh anggota Dewan               The total remuneration received by all members of the
Komisaris dan Direksi Perseroan pada tahun buku 2025, yang               Company's Board of Commissioners and Board of Directors
terdiri dari 2 (dua) anggota Dewan Komisaris dan 8 (Delapan)             during fiscal year 2025, comprising 2 (two) members of the
anggota Direksi, beserta perbandingannya dengan tahun buku               Board of Commissioners and 8 (eight) members of the Board
sebelumnya adalah sebagai berikut:                                       of Directors, together with a comparison to the previous fiscal
                                                                         year, is presented as follows:

                                                                                                                                         (dalam USD | in USD)

                        Jabatan
                                                                      FY2025                                                  FY2024
                         Position
 Dewan Komisaris
                                                                        36.018                                                  36.406
 Board of Commissioners
 Direksi
                                                                       675.708                                                 626.804
 Board of Directors
 Jumlah
                                                                       711.726                                                 663.210
 Total




Organ Pendukung Direksi
Supporting Organs of the Board of Directors


Dalam melaksanakan tugas dan tanggung jawabnya, Direksi                  In carrying out its duties and responsibilities, the Board of
dibantu oleh 2 (dua) komite, yaitu Komite Kepatuhan dan                  Directors is supported by 2 (two) committees, namely the
Manajemen Risiko serta Komite Keselamatan Kerja. Selain itu,             Compliance and Risk Management Committee and the
Direksi juga memiliki 2 (dua) organ pendukung lainnya, yaitu             Occupational Safety Committee. In addition, the Board
Sekretaris Perusahaan dan Audit Internal.                                of Directors is also supported by 2 (two) other supporting
                                                                         functions, namely the Corporate Secretary and Internal Audit.


KOMITE KEPATUHAN DAN MANAJEMEN                                           COMPLIANCE AND RISK MANAGEMENT
RISIKO                                                                   COMMITTEE
Komite Kepatuhan dan Manajemen Risiko merupakan unit                     The Compliance and Risk Management Committee is a strategic
kerja strategis yang dibentuk untuk mendukung penerapan                  working committee established to support the implementation
GCG melalui pengawasan, identifikasi, dan mitigasi terhadap              of Good Corporate Governance (GCG) through the oversight,
risiko serta isu kepatuhan yang timbul dalam aktivitas                   identification, and mitigation of risks and compliance issues
operasional Perusahaan.                                                  arising from the Company's operational activities.




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Dasar Hukum                                                                                Legal Basis
Dasar hukum mengenai pembentukan, fungsi, serta pedoman                                    The legal basis for the establishment, functions, and operating
kerja Komite Kepatuhan dan Manajemen Risiko mengacu                                        guidelines of the Compliance and Risk Management
pada Surat Keputusan Direksi No. 239/SK-DIR/2020 tanggal                                   Committee refers to Board of Directors Decree No. 239/SK-
1 Juli 2020 tentang Komite Kepatuhan dan Manajemen Risiko.                                 DIR/2020 dated July 1, 2020, concerning the Compliance and
                                                                                           Risk Management Committee.


Susunan dan Komposisi Komite Kepatuhan dan                                                 Structure and Composition of the Compliance and
Manajemen Risiko                                                                           Risk Management Committee
Keanggotaan Komite Kepatuhan dan Manajemen Risiko                                          Membership of the Compliance and Risk Management
bersifat struktural dan melekat pada jabatan, bukan individu.                              Committee is based on organizational positions rather than
Penunjukan anggota komite yang mewakili Departemen/                                        individuals. Committee members representing a Department
Divisi dilakukan berdasarkan persetujuan Direktur Function                                 or Division are appointed with the approval of the relevant
(Direktur yang membawahi Departemen/Divisi terkait).                                       Functional Director (the Director responsible for overseeing
                                                                                           the respective Department or Division).


Selain itu, Komite Kepatuhan dan Manajemen Risiko juga                                     In addition, the Compliance and Risk Management Committee
memiliki kewenangan untuk menunjuk anggota ad-hoc dari                                     has the authority to appoint ad hoc members from relevant
unit kerja terkait guna memberikan pandangan teknis atau                                   business units to provide technical expertise or address specific
menyelesaikan permasalahan tertentu sesuai dengan lingkup                                  issues in accordance with the Committee's requirements. The
kebutuhan komite. Adapun struktur keanggotaan Komite                                       structure of the Compliance and Risk Management Committee
Kepatuhan dan Manajemen Risiko adalah sebagai berikut:                                     is as follows:


Struktur Keanggotaan Komite Kepatuhan dan Manajemen Risiko
Membership Structure of the Compliance and Risk Management Committee

           Jabatan dalam Komite                                                                 Jabatan dalam Perusahaan
           Position in the Committee                                                                  Position in the Company
 Penasehat                                                Direktur Pengembangan Bisnis
 Advisor                                                  Business Development Director
 Ketua                                                    Kepala Departemen Legal
 Chairman                                                 Legal Department Head
                                                          Perwakilan Divisi Finance
                                                          Representative of Finance Division
                                                          Perwakilan Divisi HR & GA
                                                          Representative of HR & GA Division
                                                          Perwakilan Divisi Internal Audit
                                                          Representative of Internal Audit Division
                                                          Perwakilan Divisi IT, QSHE, CP & SMO
                                                          Representative of IT, QSHE, CP & SMO Division
 Anggota                                                  Perwakilan Divisi Procurement, Asset Management & Import Control
 Members                                                  Representative of Procurement, Asset Management & Import Control Division
                                                          Perwakilan Departemen Branch Sales Administration
                                                          Representative of Branch Sales Administration Department
                                                          Perwakilan Divisi Part & Service
                                                          Representative of Parts & Services Division
*Struktur keanggotaan mengacu pada SK Direksi No. 239/SK-DIR/20 tanggal 1 Juli 2020
*Membership structure refers to SK Direksi No. 239/SK-DIR/2020 dated July 1, 2020



Masa Jabatan Komite Kepatuhan dan Manajemen                                                Term of Office of the Compliance and Risk
Risiko                                                                                     Management Committee
Masa jabatan Komite Kepatuhan dan Manajemen Risiko                                         The term of office of the Compliance and Risk Management
terhitung sejak 1 Juli 2020 sampai dengan adanya keputusan                                 Committee commenced on July 1, 2020, and shall continue
pemberhentian oleh Direktur.                                                               until a dismissal decision is issued by the Director.




2025 Annual Report & Sustainability Report                                            169                                             PT Hexindo Adiperkasa Tbk

Page 170
 Ikhtisar 2025 | 2025 Highlights                                              Tata Kelola Perusahaan | Good Corporate Governance
 Laporan Manajemen | Management Report                                        Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                          Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Tugas, Tanggung Jawab, dan Wewenang Komite                                    Duties, Responsibilities, and Authorities of the
Kepatuhan dan Manajemen Risiko                                                Compliance and Risk Management Committee
Sebagaimana tercantum dalam SK Direksi No. 239/SK-                            As stipulated in Board of Directors Decree No. 239/SK-
DIR/2020, Komite Kepatuhan dan Manajemen Risiko                               DIR/2020, the Company's Compliance and Risk Management
Perseroan memiliki tugas, tanggung jawab, serta wewenang                      Committee has the following duties, responsibilities, and
berikut:                                                                      authorities:
1.   Menerima laporan, mengidentifikasi kejadian, melakukan                   1.     Receive reports, identify incidents, and conduct clarification
     klarifikasi terhadap risiko dan masalah kepatuhan yang                          of risks and compliance issues arising from the Company's
     terjadi dalam aktivitas Perusahaan dengan mengacu                               activities in accordance with the fundamental principles
     kepada prinsip dasar dan panduan kepatuhan dan                                  and guidelines of compliance and risk management.
     manajemen risiko;
2.   Melakukan dan mengukur langkah-langkah yang dapat                        2.     Assess and recommend appropriate measures to address
     direkomendasikan untuk mengatasi suatu masalah,                                 issues and reduce or prevent risks and compliance violations
     dalam mengurangi atau mencegah terjadinya resiko dan                            (policy-making), to be submitted to the Board of Directors
     masalah kepatuhan (Policy Making) untuk disampaikan                             (intermediary function) prior to decision-making.
     kepada Direksi (Fungsi Intermediasi) sebelum dilakukan
     suatu keputusan;
3.   Merumuskan kebijakan manajemen risiko Perusahaan;                        3.     Formulate the Company's risk management policies.
4.   Melakukan identifikasi secara rutin potensi risiko atas isu              4.     Regularly identify potential risks arising from internal and
     internal dan eksternal (inherent risk) dan mengidentifikasi                     external issues (inherent risks) and assess the impact after
     dampak setelah dilakukannya mitigasi (residual risk);                           mitigation measures have been implemented (residual risks).
5.   Melakukan pendampingan dan memberikan rekomendasi                        5.     Provide assistance and recommendations to the relevant
     kepada departemen terkait langsung dengan masalah                               departments regarding risk and compliance matters.
     risiko dan kepatuhan terkait;
6.   Mendorong dan mengedukasi isu-isu kepatuhan dan                          6.     Promote awareness and provide education on compliance
     manajemen risiko dalam lingkungan perusahaan melalui/                           and risk management issues throughout the Company
     dengan perantara department terkait;                                            through the relevant departments.
7.   Apabila dianggap perlu, dalam hal terjadi suatu masalah                  7.     Where deemed necessary, in the event of a compliance
     kepatuhan ataupun adanya suatu resiko tertentu, Komite                          issue or specific risk, report the matter to the Compliance
     dapat melakukan pelaporan kepada Compliance and Risk                            and Risk Management Division of HCM Japan, c.q.
     Management Division HCM Jepang c.q the Secretary of                             the Secretary of Compliance or the Secretary of Risk
     Compliance atau the Secretary of Risk Management; dan                           Management.
8.   Apabila diperlukan, dalam melaksanakan tugasnya                          8.     Where necessary, appoint representatives from relevant
     Komite dapat menunjuk departemen terkait, untuk                                 departments to serve as Ad Hoc Committee members in
     duduk sebagai anggota Ad-Hoc Komite dalam menangani                             addressing specific issues.
     masalah tertentu.


Independensi Komite Kepatuhan dan Manajemen                                   Independence of the Compliance and Risk
Risiko                                                                        Management Committee
Seluruh anggota Komite Kepatuhan dan Manajemen Risiko                         All members of the Compliance and Risk Management
tidak memiliki hubungan afiliasi dengan anggota Direksi                       Committee are free from any affiliation with other members
lainnya, Dewan Komisaris, maupun Pemegang Saham                               of the Board of Directors, the Board of Commissioners, or
Pengendali Perseroan yang dapat menimbulkan benturan                          the Company's Controlling Shareholders that could create a
kepentingan        atau      mempengaruhi             independensi    serta   conflict of interest or impair their independence and objectivity
objektivitas dalam pelaksanaan tugas dan tanggung jawabnya.                   in carrying out their duties and responsibilities.




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Rapat Komite Kepatuhan dan Manajemen Risiko                                       Compliance and Risk Management Committee
                                                                                  Meetings
Rapat Komite Kepatuhan dan Manajemen Risiko merupakan                             Meetings of the Compliance and Risk Management Committee
forum strategis untuk memastikan efektivitas pengelolaan                          serve as a strategic forum to ensure the effectiveness of risk and
risiko dan kepatuhan, serta mendukung pengambilan                                 compliance management and to support decision-making that
keputusan yang selaras dengan prinsip GCG.                                        is aligned with the principles of Good Corporate Governance
                                                                                  (GCG).


Kebijakan Rapat Komite Kepatuhan dan Manajemen                                    Policy on Compliance and Risk Management
Risiko                                                                            Committee Meetings
Rapat      Komite        Kepatuhan           dan   Manajemen          Risiko      The Compliance and Risk Management Committee shall
diselenggarakan minimal 1 (satu) kali setiap triwulan, dan                        convene at least once every quarter and may hold additional
dapat dilaksanakan sewaktu-waktu apabila dipandang perlu.                         meetings whenever deemed necessary.


Pelaksanaan Rapat Komite Kepatuhan dan                                            Implementation of Compliance and Risk
Manajemen Risiko                                                                  Management Committee Meetings
Sepanjang tahun buku 2025, Komite Kepatuhan dan                                   Throughout the 2025 financial year, the Compliance and Risk
Manajemen Risiko telah melaksanakan 4 kali rapat dengan                           Management Committee held 4 meetings, with attendance
tingkat kehadiran sebagai berikut:                                                rates as follows:


Rapat Komite Kepatuhan dan Manajemen Risiko
Meetings of Comliance and Risk Management Committee
           Tanggal                                                     Agenda Rapat                                        Tingkat Kehadiran
              Date                                                     Meeting Agendas                                        Attendance Rate
 10 Juni 2025
                                   Business Continuity Plan (BCP)                                                                   90%
 June 10, 2025
 4 September 2025
                                   Strategic Steps in Business Continuity Plan (BCP) Development                                    100%
 September 4, 2025
 11 Desember 2025
                                   Risk Minimization (New Register)                                                                 80%
 December 11, 2025
 3 Februari 2026
                                   Risk Register Consolidation & Prioritization Review                                              100%
 February 3, 2026



Pengembangan Kompetensi Komite Kepatuhan dan                                      Competency Development of the Compliance and
Manajemen Risiko                                                                  Risk Management Committee
Untuk menjaga efektivitas pengawasan serta penerapan prinsip                      To maintain effective oversight and ensure the optimal
kepatuhan dan manajemen risiko yang optimal, Perseroan                            implementation of compliance and risk management principles,
memandang            penting      penguatan        kompetensi       anggota       the Company recognizes the importance of strengthening
Komite Kepatuhan dan Manajemen Risiko melalui program                             the competencies of the Compliance and Risk Management
pengembangan yang berkesinambungan dan sesuai dengan                              Committee members through continuous development
dinamika regulasi serta praktik terbaik industri.                                 programs that are aligned with regulatory developments and
                                                                                  industry best practices.


Kebijakan Pengembangan Kompetensi Komite                                          Policy on Competency Development of the
Kepatuhan dan Manajemen Risiko                                                    Compliance and Risk Management Committee
Perseroan memiliki kebijakan untuk memberikan pelatihan                           The Company has established a policy to provide structured
dan pengembangan kompetensi yang terstruktur bagi anggota                         training and competency development programs for members
Komite Kepatuhan dan Manajemen Risiko, agar mampu                                 of the Compliance and Risk Management Committee, enabling
menjalankan fungsi pengawasan dan pengendalian risiko                             them to carry out their oversight and risk control functions
secara proaktif, responsif, dan sesuai ketentuan yang berlaku.                    proactively, effectively, and in accordance with applicable
                                                                                  regulations.



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Page 172
 Ikhtisar 2025 | 2025 Highlights                                        Tata Kelola Perusahaan | Good Corporate Governance
 Laporan Manajemen | Management Report                                  Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                    Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Kegiatan Pengembangan Kompetensi Komite                                 Competency Development Activities of the
Kepatuhan dan Manajemen Risiko                                          Compliance and Risk Management Committee
Informasi terkait pelatihan dan/atau peningkatan kompetensi             Information regarding training programs and competency
yang diikuti anggota Komite Kepatuhan dan Manajemen Risiko              development activities attended by members of the Compliance
disajikan pada bagian Kegiatan Pengembangan Kompetensi                  and Risk Management Committee is presented in the Board of
Direksi dalam Laporan ini.                                              Directors’ Competency Development Activities section of this
                                                                        Report.


Pelaksanaan Tugas Komite Kepatuhan dan                                  Implementation of the Duties of the Compliance and
Manajemen Risiko                                                        Risk Management Committee
Sepanjang tahun buku 2025, Komite Kepatuhan dan                         Throughout the 2025 financial year, the Compliance and Risk
Manajemen Risiko telah melaksanakan tugas-tugas berikut:                Management Committee carried out the following activities:
1.   Menindaklanjuti laporan risiko dan kepatuhan yang                  1.     Followed up on risk and compliance reports arising from
     terjadi di unit kerja;                                                    operational units.
2.   Menyusun rekomendasi kebijakan mitigasi risiko dan                 2.     Prepared risk mitigation policy recommendations and
     menyampaikannya kepada Direksi;                                           submitted them to the Board of Directors.
3.   Melakukan identifikasi rutin atas risiko inheren dan               3.     Conducted regular identification of inherent risks and
     residual risk;                                                            residual risks.
4.   Memberikan pendampingan dan rekomendasi kepada                     4.     Provided guidance and recommendations to the relevant
     departemen terkait; serta                                                 departments.
5.   Melaksanakan edukasi dan sosialisasi isu kepatuhan dan             5.     Conducted education and awareness programs on
     risiko.                                                                   compliance and risk-related matters.


Penilaian Kinerja Komite Kepatuhan dan Manajemen                        Performance Assessment of the Compliance and Risk
Risiko                                                                  Management Committee
Sebagai bagian dari penerapan GCG, evaluasi kinerja                     As part of the implementation of Good Corporate Governance
Komite Kepatuhan dan Manajemen Risiko dilakukan untuk                   (GCG), the performance of the Compliance and Risk
memastikan efektivitas pelaksanaan fungsi pengawasan,                   Management Committee is evaluated to ensure the effectiveness
pengelolaan risiko, dan kepatuhan terhadap regulasi.                    of its oversight function, risk management activities, and
                                                                        compliance with applicable regulations.


Prosedur Penilaian Kinerja Komite Kepatuhan dan                         Performance Assessment Procedure of the
Manajemen Risiko                                                        Compliance and Risk Management Committee
Direksi melakukan evaluasi kinerja Komite Kepatuhan dan                 The Board of Directors conducts an annual performance
Manajemen Risiko setiap tahun menggunakan metode                        evaluation of the Compliance and Risk Management
penilaian yang didasarkan pada pelaksanaan tugas dan                    Committee using an assessment method based on the
tanggung jawab yang telah dilaksanakan beserta kriteria                 implementation of its duties and responsibilities, as well as the
penilaian yang telah ditetapkan.                                        established evaluation criteria.


Kriteria Penilaian Kinerja Komite Kepatuhan dan                         Performance Assessment Criteria of the Compliance
Manajemen Risiko                                                        and Risk Management Committee
Berikut adalah kriteria yang digunakan dalam melakukan                  The following criteria are used to assess the performance of the
penilaian atas kinerja Komite Kepatuhan dan Manajemen                   Company's Compliance and Risk Management Committee:
Risiko Perseroan:
1.   Ketepatan dalam identifikasi dan pelaporan risiko serta            1.     Accuracy in identifying and reporting risks and
     masalah kepatuhan;                                                        compliance issues.
2.   Efektivitas rekomendasi dan kebijakan yang disusun;                2.     Effectiveness of recommendations and policies developed.
3.   Konsistensi evaluasi risiko internal dan eksternal;                3.     Consistency in evaluating internal and external risks.
4.   Kualitas pendampingan kepada departemen terkait;                   4.     Quality of support provided to the relevant departments.



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                                                                                                                                 03

5.    Peran dalam edukasi dan sosialisasi kepatuhan;              5.   Contribution to compliance education and awareness
                                                                       programs.
6.    Responsif terhadap isu-isu kepatuhan dan risiko; serta      6.   Responsiveness to compliance and risk-related issues.
7.    Kolaborasi lintas departemen dalam penanganan masalah.      7.   Cross-departmental collaboration in addressing issues.


Hasil Penilaian Kinerja Komite Kepatuhan dan                      Results of the Performance Assessment of the
Manajemen Risiko                                                  Compliance and Risk Management Committee
Berdasarkan prosedur dan kriteria penilaian kinerja yang          Based on the performance assessment procedures and criteria
diterapkan pada tahun buku 2025, masing-masing anggota            applied during the 2025 financial year, each member of the
Komite Kepatuhan dan Manajemen Risiko telah menjalankan           Compliance and Risk Management Committee performed his
tugas dan tanggung jawabnya dengan baik.                          or her duties and responsibilities satisfactorily.


KOMITE KESELAMATAN KERJA [403-4]                                  OCCUPATIONAL SAFETY COMMITTEE
Komite Keselamatan Kerja adalah unit kerja strategis yang         The Occupational Safety Committee is a strategic working
bertugas untuk mendukung manajemen dalam penyusunan               unit responsible for supporting management in formulating
kebijakan dan pengawasan implementasi K3, guna memastikan         policies and overseeing the implementation of Occupational
operasional yang aman, efisien, dan produktif.                    Health and Safety (OHS) programs to ensure safe, efficient, and
                                                                  productive operations.


Dasar Hukum                                                       Legal Basis
Dasar hukum mengenai pembentukan, fungsi, serta pedoman           The establishment, functions, and working guidelines of the
kerja Keselamatan Kerja mengacu pada ketentuan dan                Occupational Safety Committee are based on the following
peraturan perundang-undangan berikut:                             laws and regulations:
1.    UU No. 1 Tahun 1970 tentang Keselamatan Kerja;              1.   Law No. 1 of 1970 concerning Occupational Safety.
2.    UU No. 13 Tahun 2003 tentang Ketenagakerjaan;               2.   Law No. 13 of 2003 concerning Manpower.
3.    Peraturan Menteri Tenaga Kerja No. 4 Tahun 1987 tentang     3.   Minister of Manpower Regulation No. 4 of 1987
      Panitia Pembina Keselamatan dan Kesehatan Kerja serta            concerning Occupational Safety and Health Committees
      Tata Cara Penunjukan Ahli Keselamatan Kerja;                     and Procedures for the Appointment of Occupational
                                                                       Safety Experts.
4.    Peraturan Gubernur No. 147 Tahun 2019 tentang               4.   Governor Regulation No. 147 of 2019 concerning the
      Organisasi dan Tata Kerja Dinas Tenaga Kerja                     Organizational Structure and Work Procedures of the
      Transmigrasi dan Energi Provinsi DKI Jakarta; dan                Jakarta Provincial Manpower, Transmigration, and
                                                                       Energy Agency.
5.    Keputusan Kepala Dinas Tenaga Kerja Transmigrasi dan        5.   Decree of the Head of the Jakarta Provincial Manpower,
      Energi Provinsi DKI Jakarta No. 1525 Tahun 2025 tentang          Transmigration, and Energy Agency No. 1525 of 2025
      Pengesahan Panitia Pembina Keselamatan dan Kesehatan             concerning the Approval of Occupational Safety and
      Kerja (P2K3) di Perusahaan.                                      Health Committees (P2K3) within Companies.


Susunan dan Komposisi Komite Keselamatan Kerja                    Structure and Composition of the Occupational
                                                                  Safety Committee
Komite Keselamatan Kerja (P2K3) Perusahaan terdiri atas           The Company's Occupational Safety Committee (P2K3)
perwakilan dari unsur manajemen (pengusaha) dan pekerja,          consists of representatives from management (employers)
dengan struktur keanggotaan yang mencakup Ketua, Sekretaris,      and employees, with a membership structure comprising a
dan Anggota. Sekretaris P2K3 dijabat oleh tenaga ahli di bidang   Chairperson, Secretary, and Members. The position of P2K3
K3 yang berasal dari internal Perusahaan. Penetapan susunan       Secretary is held by an Occupational Health and Safety
keanggotaan P2K3 dilakukan oleh Menteri Ketenagakerjaan           expert from within the Company. The composition of P2K3
atau pejabat yang diberi kewenangan, berdasarkan usulan           membership is determined by the Minister of Manpower or
yang disampaikan oleh pihak manajemen Perusahaan. Adapun          an authorized official based on a proposal submitted by the
struktur keanggotaan Komite Keselamatan Kerja Perseroan           Company's management. The membership structure of the
adalah sebagai berikut:                                           Company's Occupational Safety Committee is as follows:


2025 Annual Report & Sustainability Report                     173                                            PT Hexindo Adiperkasa Tbk

Page 174
 Ikhtisar 2025 | 2025 Highlights                                                 Tata Kelola Perusahaan | Good Corporate Governance
 Laporan Manajemen | Management Report                                           Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                             Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Susunan dan Komposisi Komite Keselamatan Kerja
Structure and Composition of the Occupational Safety Committee
                      Jabatan dalam Komite                                                        Jabatan dalam Perusahaan
                     Position in the Committee                                                        Position in the Company
 Ketua                                                                Dwi Swasono
 Chairman                                                             President Director
 Sekretaris (Ahli K3 Umum)                                            Rosiana Rizky Amelia
 Secretary (Certified OHS Expert)                                     QSHE Department Head
 Wakil Ketua                                                          Ichsan Armanda
 Vice Chairman                                                        ISO, SMK3, SMKP Management Representative, Deputy Division Head (QSHE & FM)
 Seksi Pengawas Program K3 Perusahaan                                 Zahirman
 OHS Program Supervision Division                                     Human Capital Division Head
 Seksi Investigasi Kecelakaan Kerja                                   M. Nasir
 Workplace Accident Investigation Division                            Product Support Division Head
 Seksi HIV/AIDS, NAPZA & TBC                                          Thomas Cahyono
 HIV/AIDS, Narcotics & TB Division                                    Deputy Human Capital Division Head
 Seksi Pengelola Lingkungan Hidup                                     Kherta Lugina
 Environmental Management Division                                    Technical Control Department Head
 Seksi Kepatuhan & Internal Control                                   M. Thamrin
 Compliance & Internal Control Division                               Chief Internal Auditor
                                                                      Dea Deskarina
                                                                      Legal Department Head
 Perwakilan Serikat Pekerja                                           Sugeng Purnomo
 Workers' Union Representative                                        Warehouse Department Head
                                                                      Wisnu Nugroho
                                                                      Service Admin Department Head
 Anggota                                                              Sudarsono
 Members                                                              Product Support Division Head
                                                                      Binar Yustanto
                                                                      Product Support Division Head
                                                                      Syamsul Ariefin
                                                                      Technical Control Division Head
                                                                      Kuki Dwi Martiana
                                                                      General Affair & Asset Management Department Head
                                                                      Pairun
                                                                      New & Used Equipment Sales Department Head
                                                                      Listiana A. Kurniawati
                                                                      Corporate Secretary, Corporate Planning & SMO Department Head
                                                                      Arnold Rodrigo
                                                                      Deputy Procurement & Inventory Department Head
                                                                      Pramono Edward MJ
                                                                      Sales Department Head
                                                                      Robet Manalu
                                                                      Jakarta Branch Head
                                                                      Sentot M. Sulistyo
                                                                      Foreman Jakarta Branch
                                                                      Hilman Iman Effendi
                                                                      Deputy Market Development Department Head
                                                                      Awang Suzai Chairul
                                                                      Sales Section Head
                                                                      Yogo Edi Priyanto
                                                                      Service Admin Section Head
                                                                      Nugroho
                                                                      Business Support System Section Head
                                                                      Anggi Noviyana
                                                                      Internal Audit Section Head




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Masa Jabatan Komite Keselamatan Kerja                                       Term of Office of the Occupational Safety Committee
Masa jabatan Komite Keselamatan Kerja ditetapkan selama 3                   The term of office of the Occupational Safety Committee is set
(tiga) tahun, terhitung sejak 5 Desember 2025.                              for a period of three (3) years, effective from December 5, 2025.


Tugas dan Tanggung Jawab Komite Keselamatan                                 Duties and Responsibilities of the Occupational
Kerja                                                                       Safety Committee
Sebagaimana tercantum dalam Keputusan Kepala Dinas                          As stipulated in the Decree of the Head of the Jakarta Provincial
Tenaga Kerja Transmigrasi dan Energi Provinsi DKI Jakarta                   Manpower, Transmigration, and Energy Agency No. 1525 of
No. 1525 Tahun 2025 tentang Pengesahan Panitia Pembina                      2025 concerning the Approval of Occupational Safety and
Keselamatan dan Kesehatan Kerja (P2K3) di Perusahaan,                       Health Committees (P2K3) within Companies, the Company's
Komite Keselamatan Kerja Perseroan memiliki tugas dan                       Occupational Safety Committee has the following duties and
tanggung jawab berikut:                                                     responsibilities:
1.    Memberikan saran dan mempertimbangkan baik diminta                    1.   Providing      advice   and     recommendations,      whether
      maupun tidak kepada Pengusaha atau Pengurus mengenai                       requested or not, to the Employer or Management
      masalah Keselamatan dan Kesehatan Kerja (K3).                              regarding Occupational Safety and Health (OSH) matters.
2.    Membantu Pimpinan Perusahaan menyusun kebijaksanaan                   2.   Assisting      Company    Management        in    formulating
      manajemen dan pedoman kerja dalam rangka upaya                             management policies and work guidelines aimed at
      meningkatkan keselamatan kerja, higiene perusahaan,                        improving occupational safety, industrial hygiene,
      kesehatan kerja, ergonomi dan gizi tenaga kerja.                           occupational health, ergonomics, and workers’ nutrition.
3.    Mencegah dan mengurangi terjadinya kecelakaan kerja,                  3.   Preventing and reducing the occurrence of occupational
      kebakaran, peledakan, keracunan, penyakit akibat kerja                     accidents, fires, explosions, poisoning, occupational
      serta pencemaran lingkungan dalam rangka melancarkan                       diseases, and environmental pollution in order to ensure
      jalannya proses produksi sehingga akan meningkatkan                        smooth production processes, thereby improving work
      efisiensi dan produktivitas kerja.                                         efficiency and productivity.


Independensi Komite Keselamatan Kerja                                       Independence of the Occupational Safety Committee
Seluruh anggota Komite Keselamatan Kerja tidak memiliki                     All members of the Occupational Safety Committee are free
hubungan afiliasi dengan anggota Direksi lainnya, Dewan                     from any affiliation with other members of the Board of
Komisaris, maupun Pemegang Saham Pengendali Perseroan                       Directors, the Board of Commissioners, or the Company's
yang dapat menimbulkan benturan kepentingan atau                            Controlling Shareholders that could create a conflict of interest
mempengaruhi           independensi          serta   objektivitas   dalam   or impair their independence and objectivity in carrying out
pelaksanaan tugas dan tanggung jawabnya.                                    their duties and responsibilities.


Rapat Komite Keselamatan Kerja                                              Occupational Safety Committee Meetings
Rapat      Komite      Keselamatan           Kerja   merupakan      forum   Meetings of the Occupational Safety Committee serve
strategis untuk membahas, mengevaluasi, dan memberikan                      as a strategic forum to discuss, evaluate, and provide
rekomendasi terhadap kebijakan, program, serta pelaksanaan                  recommendations on occupational health and safety policies,
K3 di lingkungan Perseroan.                                                 programs, and their implementation within the Company.


Kebijakan Rapat Komite Keselamatan Kerja                                    Policy on Occupational Safety Committee Meetings
Rapat Komite Keselamatan Kerja diselenggarakan minimal 1                    The Occupational Safety Committee shall convene at least once
(satu) kali setiap triwulan, dan dapat dilaksanakan sewaktu-                every quarter and may hold additional meetings whenever
waktu apabila dipandang perlu.                                              deemed necessary.


Pelaksanaan Rapat Komite Keselamatan Kerja                                  Implementation of Occupational Safety Committee
                                                                            Meetings
Sepanjang tahun buku 2025, Keselamatan Kerja telah                          Throughout the 2025 financial year, the Occupational Safety
melaksanakan 6 kali rapat dengan tingkat kehadiran sebagai                  Committee held 6 meetings, with attendance rates as follows:
berikut:



2025 Annual Report & Sustainability Report                              175                                             PT Hexindo Adiperkasa Tbk

Page 176
 Ikhtisar 2025 | 2025 Highlights                                                      Tata Kelola Perusahaan | Good Corporate Governance
 Laporan Manajemen | Management Report                                                Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                  Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Rapat Komite Keselamatan Kerja
Meetings of Occupational Health Committee

       Tanggal                                                        Agenda Rapat                                                         Tingkat Kehadiran (%)
         Date                                                         Meeting Agendas                                                        Attendance Rate (%)
 15 Mei 2025               Perubahan Anggota P2K3, Bimbingan Teknis dan Serah Terima SK Kepengurusan P2K3.                                           92
 May 15, 2025              Changes in P2K3 Members, Technical Guidance and Handover of the P2K3 Management Decree Letter
                           (SK).
 24 Juni 2025              Evaluasi kinerja keselamatan kerja, peningkatan kompetensi P2K3, kesiapan pengoperasian                                   73
 June 24 2025              fasilitas baru, serta penguatan budaya keselamatan melalui berbagai inisiatif digitalisasi dan
                           penguatan komunikasi kerja aman.
                           Evaluation of occupational safety performance, enhancement of P2K3 competencies, readiness for
                           the operation of new facilities, and strengthening of the safety culture through various digitalization
                           initiatives and the reinforcement of safe work communication.
 17 Juli 2025              Sosialisasi hasil Health Risk Assessment, diskusi hasil analisis dan rekomendasi tindak lanjut.                           58
 July 17, 2025             Socialization of Health Risk Assessment results, discussion of analysis findings, and recommendations
                           for follow-up actions.
 2 September 2025          Tinjauan tren keselamatan kerja, pengembangan kompetensi pekerja baru, penguatan sistem                                   88
 September 2, 2025         manajemen QSHE, serta kesiapan menghadapi audit eksternal dan perubahan regulasi.
                           Review of occupational safety trends, development of new employee competencies, strengthening of the
                           QSHE management system, and preparedness for external audits and regulatory changes.
 26 November 2025          Pembahasan Kinerja K3, pemantauan ketaatan peraturan perundang-undangan dan standard                                      79
 November 26, 2026         K3, dan pemantauan status tindak lanjut ketidaksesuaian hasil audit sebelumnya.
                           Discussion of OHS Performance, monitoring compliance with occupational safety and health
                           regulations and standards, and monitoring the follow-up status of non-conformities identified in
                           previous audit results.
 15 Januari 2026           Tinjauan kinerja K3L tahunan, hasil audit internal dan eksternal, kesiapan sumber daya                                    96
 January 15, 2026          pendukung, serta evaluasi efektivitas implementasi Sistem Manajemen Keselamatan
                           Pertambangan (SMKP) untuk mendukung perbaikan berkelanjutan.
                           Review of annual HSE performance, internal and external audit results, readiness of supporting
                           resources, and evaluation of the effectiveness of Mining Safety Management System (SMKP)
                           implementation to support continuous improvement.



Pengembangan Kompetensi Komite Keselamatan                                            Competency Development of the Occupational Safety
Kerja                                                                                 Committee
Perseroan berkomitmen untuk meningkatkan kapabilitas                                  The Company is committed to enhancing the capabilities of
Komite Keselamatan Kerja melalui program pengembangan                                 the Occupational Safety Committee through structured and
kompetensi yang terstruktur dan berkelanjutan, guna                                   continuous competency development programs to support the
mendukung terciptanya budaya kerja yang aman dan patuh                                establishment of a safe workplace culture and compliance with
terhadap regulasi.                                                                    applicable regulations.


Kebijakan Pengembangan Kompetensi Komite                                              Policy on Competency Development of the
Keselamatan Kerja                                                                     Occupational Safety Committee
Perseroan memiliki kebijakan untuk memastikan setiap                                  The Company has established a policy to ensure that each
anggota Komite Keselamatan Kerja memperoleh pelatihan dan                             member of the Occupational Safety Committee receives relevant
pembekalan yang relevan secara berkala, guna mendukung                                training and professional development on a regular basis. This
peran mereka dalam menjaga standar keselamatan kerja                                  policy supports their role in maintaining occupational health
serta mendorong perbaikan berkelanjutan di lingkungan                                 and safety standards and promoting continuous improvement
operasional.                                                                          throughout the Company's operations.


Kegiatan Pengembangan Kompetensi Komite                                               Competency Development Activities of the
Keselamatan Kerja                                                                     Occupational Safety Committee
Informasi terkait pelatihan dan/atau peningkatan kompetensi                           Information regarding training programs and competency
yang diikuti anggota Komite Keselamatan Kerja disajikan pada                          development activities attended by members of the
bagian Kegiatan Pengembangan Kompetensi Direksi serta                                 Occupational Safety Committee is presented in the Board of
Kegiatan Pengembangan Kompetensi Sekretaris Perusahaan                                Directors' Competency Development Activities section and
dalam Laporan ini.                                                                    the Corporate Secretary's Competency Development Activities
                                                                                      section of this Report.




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Pelaksanaan Tugas Komite Keselamatan Kerja                         Implementation of the Duties of the Occupational
                                                                   Safety Committee
Sepanjang tahun buku 2025, Komite Keselamatan Kerja telah          Throughout the 2025 financial year, the Occupational Safety
melaksanakan tugas-tugas berikut:                                  Committee carried out the following activities:
1.    Memberikan saran dan pertimbangan kepada manajemen           1.   Provided advice and recommendations to management
      terkait isu K3;                                                   on Occupational Health and Safety (OHS) matters.
2.    Mendukung pelaksanaan dan pemutakhiran kebijakan             2.   Supported the implementation and updating of OHS-
      serta pedoman kerja terkait K3; dan                               related policies and work guidelines.
3.    Melaksanakan upaya pencegahan kecelakaan kerja,              3.   Conducted initiatives to prevent workplace accidents,
      penyakit akibat kerja, dan pencemaran lingkungan dari             occupational diseases, and environmental pollution
      aktivitas bisnis Perseroan.                                       arising from the Company's business activities.


Penilaian Kinerja Komite Keselamatan Kerja                         Performance Assessment of the Occupational Safety
                                                                   Committee
Penilaian kinerja Komite Keselamatan Kerja dilakukan untuk         The performance of the Occupational Safety Committee
memastikan peran strategisnya dalam mendukung penerapan            is evaluated to ensure its strategic role in supporting the
standar keselamatan dan kesehatan kerja, serta kontribusinya       implementation of occupational health and safety standards,
dalam menciptakan lingkungan kerja yang aman dan                   as well as its contribution to creating a safe and sustainable
berkelanjutan.                                                     working environment.


Prosedur Penilaian Kinerja Komite Keselamatan                      Performance Assessment Procedure of the
Kerja                                                              Occupational Safety Committee
Direksi melakukan evaluasi kinerja Komite Keselamatan Kerja        The Board of Directors conducts an annual performance
setiap tahun menggunakan metode penilaian yang didasarkan          evaluation of the Occupational Safety Committee using an
pada pelaksanaan tugas dan tanggung jawab yang telah               assessment method based on the implementation of its duties
dilaksanakan beserta kriteria penilaian yang telah ditetapkan.     and responsibilities, as well as the established evaluation
                                                                   criteria.


Kriteria Penilaian Kinerja omite Keselamatan Kerja                 Performance Assessment Criteria of the Occupational
                                                                   Safety Committee
Berikut adalah kriteria yang digunakan dalam melakukan             The following criteria are used to assess the performance of the
penilaian atas kinerja Komite Keselamatan Kerja Perseroan:         Company's Occupational Safety Committee:
1.    Kemampuan memberikan saran dan pertimbangan                  1.   Ability to provide advice and recommendations to
      kepada manajemen terkait isu K3;                                  management on Occupational Health and Safety (OHS)
                                                                        matters.
2.    Peran aktif dalam membantu Direksi menyusun kebijakan        2.   Active involvement in assisting the Board of Directors in
      dan pedoman kerja; dan                                            developing policies and work guidelines.
3.    Efektivitas upaya pencegahan kecelakaan kerja, penyakit      3.   Effectiveness of initiatives aimed at preventing workplace
      akibat kerja, serta pencemaran lingkungan.                        accidents, occupational diseases, and environmental
                                                                        pollution.


Hasil Penilaian Kinerja Komite Keselamatan Kerja                   Results of the Performance Assessment of the
                                                                   Occupational Safety Committee
Berdasarkan prosedur dan kriteria penilaian kinerja yang           Based on the performance assessment procedures and criteria
diterapkan pada tahun buku 2025, masing-masing anggota             applied during the 2025 financial year, each member of the
Komite Keselamatan Kerja telah menjalankan tugas dan               Occupational Safety Committee performed his or her duties
tanggung jawabnya dengan baik.                                     and responsibilities satisfactorily.




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Page 178
 Ikhtisar 2025 | 2025 Highlights                                                   Tata Kelola Perusahaan | Good Corporate Governance
 Laporan Manajemen | Management Report                                             Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                               Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




SEKRETARIS PERUSAHAAN                                                              CORPORATE SECRETARY
Sekretaris Perusahaan adalah organ Perusahaan yang                                 The Corporate Secretary is a corporate organ responsible
bertugas memastikan kepatuhan Perseroan terhadap regulasi,                         for ensuring the Company's compliance with applicable
mendukung komunikasi dengan pemegang saham dan                                     regulations, supporting communication with shareholders
pemangku kepentingan, serta mengelola implementasi GCG.                            and other stakeholders, and overseeing the implementation of
                                                                                   GCG.


Dasar Hukum                                                                        Legal Basis
Dasar hukum mengenai pembentukan, tugas, tanggung jawab,                           The        legal   basis     governing         the   appointment,       duties,
dan fungsi Sekretaris Perusahaan mengacu pada ketentuan                            responsibilities, and functions of the Corporate Secretary
dan peraturan perundang-undangan berikut:                                          refers to the following regulations and resolutions:
1.   POJK         No.      35/POJK.04/2014             tentang        Sekretaris   1.     OJK Regulation No. 35/POJK.04/2014 concerning the
     Perusahaan Emiten atau Perusahaan Publik; dan                                        Corporate Secretary of Issuers or Public Companies; and
2.   Surat Keputusan Direksi No. 731/MT-PA/0619 tanggal 14                         2.     Board of Directors Decree No. 731/MT-PA/0619 dated
     Juni 2019.                                                                           June 14, 2019.


Tugas dan Tanggung Jawab Sekretaris Perusahaan                                     Duties and Responsibilities of the Corporate
                                                                                   Secretary
Sebagaimana tercantum dalam POJK No. 35/POJK.04/2014,                              As stipulated in OJK Regulation No. 35/POJK.04/2014,
Sekretaris Perusahaan memiliki tugas dan tanggung jawab                            the Corporate Secretary has the following duties and
berikut:                                                                           responsibilities:
1.   Mengikuti perkembangan Pasar Modal khususnya                                  1.     Monitor developments in the capital market, particularly
     peraturan dan perundang-undangan yang berlaku di                                     regulations and laws applicable to the capital market.
     bidang Pasar Modal;
2.   Memberikan rekomendasi kepada Direksi dan Dewan                               2.     Provide recommendations to the Board of Directors and
     Komisaris untuk mematuhi ketentuan, peraturan dan                                    the Board of Commissioners regarding compliance with
     perundangundangan di bidang Pasar Modal;                                             capital market laws, regulations, and other applicable
                                                                                          requirements.
3.   Membantu Direksi dan Dewan Komisaris dalam                                    3.     Assist the Board of Directors and the Board of
     pengelolaan Perseroan yang meliputi:                                                 Commissioners in the management of the Company,
                                                                                          including:
      a.     Keterbukaan           informasi        kepada        masyarakat,            a.      Ensuring information disclosure to the public,
             termasuk ketersediaan informasi di Situs Web                                        including the availability of information on the
             Perseroan;                                                                          Company's website.
      b.     Penyampaian laporan kepada OJK tepat waktu;                                 b.      Ensuring the timely submission of reports to the OJK.
      c.     Penyelenggaraan dan dokumentasi RUPS;                                       c.      Organizing and maintaining documentation of GMS.
      d.     Penyelenggaraan dan dokumentasi rapat Direksi                               d.      Organizing and maintaining documentation of
             dan/atau Dewan Komisaris; dan                                                       meetings of the Board of Directors and/or the Board
                                                                                                 of Commissioners.
      e.     Penyelenggaraan program orientasi untuk Direksi                             e.      Organizing orientation programs for members
             dan/ atau Dewan Komisaris.                                                          of the Board of Directors and/or the Board of
                                                                                                 Commissioners.
4.   Menjadi penghubung antara Perseroan dengan pemegang                           4.     Serve as a liaison between the Company and its
     saham Perseroan, OJK, dan pemangku kepentingan                                       shareholders, the Financial Services Authority (OJK), and
     lainnya.                                                                             other stakeholders.


Profil Sekretaris Perusahaan                                                       Profile of the Corporate Secretary
Berikut adalah profil singkat Sekretaris Perusahaan yang                           The following is a brief profile of the Corporate Secretary who
menjabat selama tahun buku 2025:                                                   served during the 2025 financial year:



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                                                          Listiana A. Kurniawati
                                                          Sekretaris Perusahaan
                                                          Corporate Secretary


                                                          Usia | Age          Kewarganegaraan | Citizenship           Domisili | Domicile
                                                          52 Tahun            Warga Negara Indonesia                  Jakarta
                                                          52 Years Old        Indonesian Citizen




 Dasar Pengangkatan           Surat Keputusan Direksi No. 731/MT-PA/0619 tanggal 14             The Board of Directors’ Decree No. 731/MT-PA/0619 dated
 Basis of Appointment         Juni 2019, dengan masa jabatan yang akan berakhir apabila         June 14, 2019, with a term of office that will remain in effect
                              terdapat perubahan sesuai dengan Keputusan Rapat Direksi.         until amended in accordance with a resolution of the Board of
                                                                                                Directors’ meeting.
 Riwayat Pendidikan           Sarjana Ekonomi dari Universitas Indonesia.                       Bachelor’s degree in Economics from the University of
 Education Background                                                                           Indonesia.
 Riwayat Pekerjaan            Beliau telah bergabung dengan Perseroan sejak tahun 2006          She previously joined the Company in 2006 and began her
 Career History               dan memulai karier di Departemen Strategic Management             career in the Strategic Management Office (SMO) Department.
                              Office (SMO).
 Rangkap Jabatan              Saat ini, selain menjabat sebagai Sekretaris Perusahaan, beliau   Currently, in addition to serving as Corporate Secretary, she
 Concurrent Positions         juga mengelola Departemen Corporate Planning dan SMO.             also oversees the Corporate Planning and SMO Departments.
 Hubungan Afiliasi            Tidak memiliki hubungan afiliasi dengan anggota Dewan             Does not have any affiliation with other members of the Board
 Affiliation Relationship     Komisaris lain, anggota Direksi, dan Pemegang Saham.              of Commissioners, members of the Board of Directors, or
                                                                                                Shareholders.




Pengembangan Kompetensi Sekretaris Perusahaan                                      Competency Development of the Corporate Secretary
Dalam mendukung peran strategis Sekretaris Perusahaan                              To support the strategic role of the Corporate Secretary as a
sebagai penghubung antara Perseroan dengan pemangku                                liaison between the Company and its stakeholders, as well
kepentingan serta dalam memastikan kepatuhan terhadap                              as to ensure compliance with capital market regulations, the
regulasi pasar modal, Perseroan secara konsisten mendorong                         Company consistently promotes competency enhancement
peningkatan kompetensi melalui pelatihan dan pengembangan                          through relevant training and professional development
profesional yang relevan.                                                          programs.


Kebijakan Pengembangan Kompetensi Sekretaris                                       Policy on Competency Development of the Corporate
Perusahaan                                                                         Secretary
Perseroan memiliki kebijakan untuk memastikan Sekretaris                           The Company has established a policy to ensure that the
Perusahaan mengikuti pelatihan, seminar, dan pembaruan                             Corporate Secretary regularly participates in training
regulasi secara berkala guna menunjang pelaksanaan tugas dan                       programs, seminars, and regulatory updates to support the
tanggung jawabnya secara efektif dan akuntabel.                                    effective and accountable performance of his or her duties and
                                                                                   responsibilities.




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Page 180
 Ikhtisar 2025 | 2025 Highlights                                                   Tata Kelola Perusahaan | Good Corporate Governance
 Laporan Manajemen | Management Report                                             Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                               Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Kegiatan Pengembangan Kompetensi Sekretaris                                        Competency Development Activities of the
Perusahaan                                                                         Corporate Secretary
Sepanjang tahun buku 2025, Sekretaris Perusahaan telah                             Throughout the 2025 financial year, the Corporate Secretary
mengikuti        kegiatan        pelatihan       dan/atau         peningkatan      participated in the following training and competency
kompetensi berikut:                                                                development activities:


Kegiatan Pengembangan Kompetensi Sekretaris Perusahaan pada Tahun Buku 2025
Corporate Secretary Competency Development Program fo the 2025 Fiscal Year
                                                       Materi                                                               Tanggal            Penyelenggara
                                                       Material                                                                Date                Organizer
 Peran Corporate Secretary dalam Mendorong Governansi, Manajemen Risiko, dan Kepatuhan (GRK) yang
                                                                                                                          17 April 2025
 Baik                                                                                                                                                ICSA
                                                                                                                          April 17, 2025
 The Role of the Corporate Secretary in Promoting Good Governance, Risk Management, and Compliance (GRC)
 Pendalaman Peraturan Nomor I-E tentang Kewajiban Penyampaian Informasi                                                   22 April 2025
                                                                                                                                                     ICSA
 In-Depth Study of Regulation Number I-E concerning Information Disclosure Obligations                                    April 22, 2025
                                                                                                                          24 April 2025
 Communication Evaluation: Measuring the Impact of Communications to Stakeholders                                                                    ICSA
                                                                                                                          April 24, 2025
 Pendalaman Peraturan Otoritas Jasa Keuangan Nomor 29 Tahun 2023 tentang Pembelian Kembali Saham
 yang Dikeluarkan oleh Perusahaan Terbuka                                                                                  15 Mei 2025
                                                                                                                                                     ICSA
 In-Depth Study of Financial Services Authority Regulation Number 29 of 2023 concerning Share Buybacks Issued              May 15, 2025
 by Public Companies
 Kesiapan Perusahaan dalam Menghadapi Volatilitas Pasar Global: Perspektif Investor Relations dan
                                                                                                                           20 Mei 2025
 Corporate Secretary                                                                                                                                 ICSA
                                                                                                                           May 20, 2025
 Company Readiness in Facing Global Market Volatility: Investor Relations and Corporate Secretary Perspectives
 Pendalaman POJK Nomor 14/POJK.04/2019 tentang Penambahan Modal Perusahaan Terbuka dengan
 Memberikan Hak Memesan Efek Terlebih Dahulu                                                                               16 Juni 2025
                                                                                                                                                     ICSA
 In-Depth Study of POJK Number 14/POJK.04/2019 concerning Capital Increase of Public Companies through                     June 16, 2025
 Pre-Emptive Rights
                                                                                                                           19 Juni 2025
 Digital Governance: Automating Compliance and Disclosure with AI Tools Confirmation                                                                 ICSA
                                                                                                                           June 19, 2025
                                                                                                                           22 Juni 2025
 Embracing Diversity, Equality, Inclusion in the Workplace                                                                                           ICSA
                                                                                                                           June 22, 2025
 Pendalaman Peraturan Otoritas Jasa Keuangan Nomor 4 Tahun 2024 tentang Laporan Kepemilikan atau
 Setiap Perubahan Kepemilikan Saham Perusahaan Terbuka dan Laporan Aktivitas Menjaminkan Saham
                                                                                                                           29 Juli 2025
 Perusahaan Terbuka                                                                                                                                  ICSA
                                                                                                                           July 29, 2025
 In-Depth Study of Financial Services Authority Regulation Number 4 of 2024 concerning Share Ownership Reports
 or Changes in Share Ownership of Public Companies and Reports on Share Pledging Activities
 Webinar Finance for Non-Finance: Memahami Angka untuk Komunikasi yang Efektif                                           5 Agustus 2025
                                                                                                                                                     ICSA
 Finance for Non-Finance Webinar: Understanding Numbers for Effective Communication                                       August 5, 2025
 Strategi Peningkatan Kepesertaan Dana Pensiun di Sektor Informal                                                       21 Agustus 2025
                                                                                                                                                      OJK
 Strategies to Increase Pension Fund Participation in the Informal Sector                                                August 21, 2025
 Pendalaman Peraturan Otoritas Jasa Keuangan Nomor 17 Tahun 2020 tentang Transaksi Material dan
 Perubahan Kegiatan Usaha                                                                                               1 September 2025
                                                                                                                                                     ICSA
 In-Depth Study of Financial Services Authority Regulation Number 17 of 2020 concerning Material Transactions           September 1, 2025
 and Changes in Business Activities
 e-RUPS & eASY.KSEI: Solusi Modern Tata Kelola RUPS                                                                     9 September 2025
                                                                                                                                                     ICSA
 e-RUPS & eASY.KSEI: Modern Solutions for General Meeting Governance                                                    September 9, 2025
 Webinar Tax for Non Tax: Peran Corporate Secretary dalam Kewajiban Pajak Emiten, M&A, dan Transaksi
 Saham                                                                                                                 19 September 2025
                                                                                                                                                     ICSA
 Tax for Non-Tax Webinar: The Role of the Corporate Secretary in Issuer Tax Obligations, M&A, and Share                September 19, 2025
 Transactions
 Peluang Generative Engine Optimization (GEO) dalam menghadapi dominasi Search Engine Optimization
 (SEO)                                                                                                                 25 September 2025
                                                                                                                                                      OJK
 Opportunities for Generative Engine Optimization (GEO) in Facing the Dominance of Search Engine Optimization          September 25, 2025
 (SEO)
                                                                                                                         1 Oktober 2025
 Webinar From Policy to Impact: Best Practice in ESG Journey                                                                                         ICSA
                                                                                                                         October 1, 2025
 Webinar Pendalaman Peraturan Otoritas Jasa Keuangan Nomor 9 Tahun 2025 tentang Dematerialisasi Efek
 Bersifat Ekuitas dan Pengelolaan Aset yang Tidak Diklaim di Pasar Modal                                                14 Oktober 2025
                                                                                                                                                     ICSA
 Webinar on In-Depth Study of Financial Services Authority Regulation Number 9 of 2025 concerning                        October 14, 2025
 Dematerialization of Equity Securities and Management of Unclaimed Assets in the Capital Market
                                                                                                                        21 Oktober 2025
 Webinar Empowering Communities, Strengthening Sustainability                                                                                        ICSA
                                                                                                                        October 21, 2025




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                                                     Materi                                                          Tanggal               Penyelenggara
                                                     Material                                                          Date                   Organizer
 Integrasi Cyber Security dalam Good Corporate Governance (GCG): Peran Penting Corporate Secretary
                                                                                                                  29 Oktober 2025
 Integration of Cyber Security in Good Corporate Governance (GCG): The Important Role of the Corporate                                           ICSA
                                                                                                                  October 29, 2025
 Secretary
                                                                                                                 7 November 2025
 Webinar From Compliance to Confidence: Redefining ACGS through ESG and Digital Governance                                                       ICSA
                                                                                                                 November 7, 2025
                                                                                                                 13 November 2025
 Webinar IFRS 1 & 2 Update and Practical Insights for Public Companies                                                                           ICSA
                                                                                                                 November 13, 2025
 Webinar Media Handling 4.0: Peran Corporate Secretary dalam Era AI dan Reputasi Digital                         20 November 2025
                                                                                                                                                 ICSA
 Webinar Media Handling 4.0: The Role of the Corporate Secretary in the Era of AI and Digital Reputation         November 20, 2025
 Webinar Pendalaman Peraturan Otoritas Jasa Keuangan Nomor 42 Tahun 2020 tentang Transaksi Afiliasi
 dan Transaksi Benturan Kepentingan                                                                              2 Desember 2025
                                                                                                                                                 ICSA
 Webinar on In-Depth Study of Financial Services Authority Regulation Number 42 of 2020 concerning Affiliated    December 2, 2025
 Transactions and Conflict of Interest Transactions
 Workshop Finance for Non Finance: Memahami Angka untuk Komunikasi yang Efektif                                  3 Desember 2025
                                                                                                                                                 ICSA
 Workshop Finance for Non Finance: Understanding Numbers for Effective Communication                             December 3, 2025
 Webinar Pendalaman Peraturan Nomor I-A tentang Pencatatan Saham dan Efek Bersifat Ekuitas Selain
 Saham yang Diterbitkan oleh Perusahaan Tercatat                                                                 9 Desember 2025
                                                                                                                                                 ICSA
 Webinar on In-Depth Study of Regulation Number I-A concerning the Listing of Shares and Equity Securities       December 9, 2025
 Other than Shares Issued by Listed Companies
 Investor Relations bagi Corp Sec: Tata Kelola dan Kepercayaan Investor                                           15 Januari 2026
                                                                                                                                                 ICSA
 Investor Relations for Corp Sec: Governance and Investor Confidence                                              January 15, 2026
 Laporan Keberlanjutan 2024: Insight, Tren, Tantangan bagi Corporate Secretary                                    27 Januari 2026
                                                                                                                                                 ICSA
 Sustainability Report 2024: Insights, Trends, and Challenges for the Corporate Secretary                         January 27, 2026
 8 Rencana Aksi Percepatan Reformasi Pasar Modal: Strategi Kepatuhan dan Mitigasi Risiko bagi Emiten             11 Februari 2026
                                                                                                                                                 ICSA
 8 Action Plans for Accelerating Capital Market Reform: Compliance Strategies and Risk Mitigation for Issuers     February 11, 2026
 Peran dan Strategi Corporate Secretary dalam Menguatkan Corporate Branding yang Kredibel melalui GCG            12 Februari 2026
                                                                                                                                                 ICSA
 The Role and Strategy of the Corporate Secretary in Strengthening Credible Corporate Branding through GCG        February 12, 2026
 Dari Standar ke Praktik: Strategi Penyusunan AR yang Berkualitas                                                23 Februari 2026
                                                                                                                                                 ICSA
 From Standards to Practice: Strategies for Preparing High-Quality Annual Reports                                 February 23, 2026
 ESG Rating dalam Praktik                                                                                        26 Februari 2026
                                                                                                                                                 ICSA
 ESG Rating in Practice                                                                                           February 26, 2026
 Sosialisasi POJK No.29/POJK.04/2016 dan SEOJK No.16/POJK.04/2021 – Annual Report                                27 Februari 2026
                                                                                                                                                 ICSA
 Dissemination of POJK No.29/POJK.04/2016 and SEOJK No.16/POJK.04/2021 – Annual Report                            February 27, 2026
 ESG Risk Governance, Peranan Corp Sec dalam Tata Kelola dan Pelaporan Risiko                                      6 Maret 2026
                                                                                                                                                 ICSA
 ESG Risk Governance, The Role of the Corp Sec in ESG Governance and ESG Risk Reporting                            March 6, 2026



Pelaksanaan Tugas Sekretaris Perusahaan                                              Implementation of the Duties of the Corporate
                                                                                     Secretary
Sepanjang tahun buku 2025, Sekretaris Perusahaan telah                               Throughout the 2025 financial year, the Corporate Secretary
melaksanakan tugas-tugas berikut:                                                    carried out the following activities:
1.    Memantau dan mengikuti perkembangan regulasi                                   1.     Monitored developments in capital market regulations
      di bidang Pasar Modal serta melaporkannya kepada                                      and reported relevant updates to management for
      manajemen untuk ditindaklanjuti;                                                      appropriate follow-up actions.
2.    Memberikan rekomendasi kepada Direksi dan Dewan                                2.     Provided recommendations to the Board of Directors and
      Komisaris terkait kepatuhan terhadap peraturan dan                                    the Board of Commissioners regarding compliance with
      perundang-undangan Pasar Modal;                                                       capital market laws and regulations.
3.    Mendukung Direksi dan Dewan Komisaris dalam                                    3.     Supported the Board of Directors and the Board of
      pengelolaan Perseroan melalui:                                                        Commissioners in the management of the Company
                                                                                            through:
      a.     Penyediaan dan pemutakhiran informasi yang                                     a.   Providing and updating transparent information on
             transparan melalui Situs Web Perseroan;                                             the Company's website.
      b.     Penyampaian laporan rutin dan insidentil kepada                                b.   Ensuring the timely submission of periodic and
             OJK secara tepat waktu;                                                             incidental reports to the OJK.
      c.     Penyelenggaraan dan dokumentasi RUPS;                                          c.   Organizing and maintaining documentation of
                                                                                                 GMS.




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Page 182
 Ikhtisar 2025 | 2025 Highlights                                                    Tata Kelola Perusahaan | Good Corporate Governance
 Laporan Manajemen | Management Report                                              Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




     d.     Penyelenggaraan dan dokumentasi rapat Direksi                                  d.     Organizing and maintaining documentation of
            serta Dewan Komisaris;                                                                meetings of the Board of Directors and the Board of
                                                                                                  Commissioners.
     e.     Pelaksanaan program orientasi bagi anggota Direksi                             e.     Conducting          orientation        programs     for    newly
            dan/ atau Dewan Komisaris yang baru;                                                  appointed members of the Board of Directors and/or
                                                                                                  the Board of Commissioners.
4.   Menjalin komunikasi yang efektif antara Perseroan                              4.     Maintained         effective      communication          between      the
     dengan        pemegang         saham,       OJK,      dan        pemangku             Company and its shareholders, the OJK, and other
     kepentingan lainnya.                                                                  stakeholders.


Hubungan Investor                                                                   Investor Relations
Unit Hubungan Investor berada di bawah tanggung jawab                               The Investor Relations function operates under the
Sekretaris Perusahaan dan memiliki fungsi serta tugas sebagai                       responsibility of the Corporate Secretary and has the following
berikut:                                                                            roles and responsibilities:
1.   Menjembatani komunikasi antara Perseroan dan para                              1.     Facilitate communication between the Company and
     pemangku kepentingan eksternal, khususnya para                                        external stakeholders, particularly shareholders and
     pemegang saham serta lembaga pemerintah yang terkait                                  government institutions related to the capital market and
     dengan pasar modal dan investasi;                                                     investment sectors.
2.   Mengoordinasikan              penyusunan          Laporan         Tahunan      2.     Coordinate the preparation of the Company's Annual
     Perseroan serta mengelola proses publikasinya melalui                                 Report and manage its publication through the Company's
     situs web resmi Perseroan; dan                                                        official website.
3.   Menyelenggarakan serta mengoordinasikan berbagai                               3.     Organize and coordinate various corporate activities,
     kegiatan korporasi, seperti RUPS dan Paparan Publik.                                  including GMS and Public Exposures.


Adapun kegiatan Hubungan Investor yang telah dilaksanakan                           The Investor Relations activities carried out throughout the
di sepanjang tahun buku 2025 adalah sebagai berikut:                                2025 financial year are as follows:


Kegiatan Hubungan Investor pada Tahun Buku 2025
Investor Relations Actvities in the 2025 Fiscal Year
                           Kegiatan                                           Tanggal                                               Lokasi
                            Activity                                             Date                                              Location
 RUPST Tahun Buku 2024                                                    16 September 2025             Kantor Pusat Perseroan
 AGMS for the Fiscal Year 2024                                            September 16, 2025            The Company's Head Office
 Paparan Publik 2025                                                      16 September 2025             Kantor Pusat Perseroan
 2025 Public Expose                                                       September 16, 2025            The Company's Head Office



Penilaian Kinerja Sekretaris Perusahaan                                             Performance Assessment of the Corporate Secretary
Dalam rangka memastikan pelaksanaan fungsi Sekretaris                               To ensure that the Corporate Secretary effectively carries
Perusahaan berjalan secara optimal dan selaras dengan prinsip                       out his or her functions in line with the principles of Good
GCG, Direksi melakukan penilaian atas kinerja Sekretaris                            Corporate Governance (GCG), the Board of Directors conducts
Perusahaan untuk mengukur efektivitas kontribusi Sekretaris                         a performance assessment to evaluate the effectiveness of the
Perusahaan dalam mendukung kelancaran operasional serta                             Corporate Secretary's contribution in supporting smooth
pengambilan keputusan strategis oleh Direksi dan Dewan                              business operations and strategic decision-making by the
Komisaris.                                                                          Board of Directors and the Board of Commissioners.


Prosedur Penilaian Kinerja Sekretaris Perusahaan                                    Performance Assessment Procedure of the Corporate
                                                                                    Secretary
Direksi melakukan evaluasi kinerja Sekretaris Perusahaan                            The Board of Directors conducts an annual performance
setiap tahun menggunakan metode penilaian yang didasarkan                           evaluation of the Corporate Secretary using an assessment
pada pelaksanaan tugas dan tanggung jawab yang telah                                method based on the implementation of his or her duties and
dilaksanakan beserta kriteria penilaian yang telah ditetapkan.                      responsibilities, as well as the established evaluation criteria.


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Kriteria Penilaian Kinerja Sekretaris Perusahaan               Performance Assessment Criteria of the Corporate
                                                               Secretary
Berikut adalah kriteria yang digunakan dalam melakukan         The following criteria are used to assess the performance of the
penilaian atas kinerja Sekretaris Perusahaan:                  Corporate Secretary:
1.    Kualitas rekomendasi kepada Direksi dan Dewan            1.   Quality of recommendations provided to the Board of
      Komisaris;                                                    Directors and the Board of Commissioners.
2.    Dukungan terhadap keterbukaan informasi dan pelaporan    2.   Support for information disclosure and reporting to the
      kepada OJK;                                                   OJK.
3.    Penyelenggaraan dan dokumentasi RUPS serta rapat         3.   Organization       and   documentation     of    GMS      and
      Direksi/ Dewan Komisaris;                                     meetings of the Board of Directors and/or the Board of
                                                                    Commissioners.
4.    Pelaksanaan program orientasi; dan                       4.   Implementation of orientation programs.
5.    Peran sebagai penghubung dengan pemegang saham,          5.   Effectiveness in serving as a liaison between the Company
      OJK, dan pemangku kepentingan.                                and its shareholders, the OJK, and other stakeholders.


Hasil Penilaian Kinerja Sekretaris Perusahaan                  Results of the Performance Assessment of the
                                                               Corporate Secretary
Berdasarkan prosedur dan kriteria penilaian kinerja yang       Based on the performance assessment procedures and criteria
diterapkan pada tahun buku 2025, Sekretaris Perusahaan telah   applied during the 2025 financial year, the Corporate Secretary
menjalankan tugas dan tanggung jawabnya dengan baik.           performed his or her duties and responsibilities satisfactorily.


AUDIT INTERNAL                                                 INTERNAL AUDIT
Audit Internal adalah organ pendukung Direksi yang bertugas    The Internal Audit function is a supporting organ of the Board
untuk memberikan penilaian independen terhadap efektivitas     of Directors responsible for providing independent assurance
manajemen risiko, pengendalian internal, dan GCG.              on the effectiveness of risk management, internal controls, and
                                                               the implementation of GCG).


Piagam Audit Internal                                          Internal Audit Charter
Audit Internal Perseroan memiliki Piagam Audit Internal        The Company's Internal Audit function operates under an
yang telah disahkan oleh Dewan Komisaris dan Direksi pada      Internal Audit Charter, which was approved by the Board of
September 2023. Piagam ini juga telah diunggah pada situs      Commissioners and the Board of Directors in September 2023.
web Perseroan dan memuat ketentuan-ketentuan berikut:          The Charter has also been published on the Company's website
                                                               and covers the following matters:
1.    Tugas dan Tanggung Jawab;                                1.   Duties and Responsibilities;
2.    Kewenangan;                                              2.   Authorities;
3.    Ruang Lingkup Tugas;                                     3.   Scope of Work;
4.    Sasaran;                                                 4.   Objectives;
5.    Hubungan Kemitraan dengan Komite Audit;                  5.   Working Relationship with the Audit Committee;
6.    Hubungan dengan Auditor Eksternal; dan                   6.   Relationship with the External Auditor; and
7.    Kode Etik Auditor Internal.                              7.   Code of Ethics for Internal Auditors.


Tugas, Tanggung Jawab, dan Wewenang Audit                      Duties, Responsibilities, and Authorities of Internal
Internal                                                       Audit
Berdasarkan ketentuan dalam Piagam Audit Internal, tugas dan   In accordance with the provisions of the Internal Audit Charter,
tanggung jawab yang dimiliki oleh Auditor Internal Perseroan   the Company's Internal Audit function has the following duties
adalah sebagai berikut:                                        and responsibilities:
1.    Menyusun dan melaksanakan rencana audit tahunan          1.   Prepare and implement an annual audit plan covering
      di seluruh area kerja perusahaan dengan metode audit          all areas of the Company's operations using a risk-based
      berbasis risiko, termasuk audit teknologi informasi;          audit approach, including information technology audits.



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 Ikhtisar 2025 | 2025 Highlights                                               Tata Kelola Perusahaan | Good Corporate Governance
 Laporan Manajemen | Management Report                                         Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                           Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




2.   Melakukan kegiatan konsultansi jika diperlukan dan atau                   2.     Conduct consulting activities, where necessary or upon
     atas permintaan manajemen terkait Governansi, Risiko, &                          management's request, relating to Governance, Risk, and
     Pengendalian;                                                                    Control.
3.   Melakukan audit khusus atas perintah Direksi, Komite                      3.     Perform special audits as instructed by the Board of
     audit, dan atau berdasarkan informasi Whistleblowing                             Directors, the Audit Committee, and/or based on
     System;                                                                          information received through the Whistleblowing System.
4.   Membantu Direksi dalam memenuhi tanggung jawab                            4.     Assist the Board of Directors in fulfilling its responsibilities
     pengelolaan PT Hexindo Adiperkasa Tbk, yaitu dengan                              for managing PT Hexindo Adiperkasa Tbk by assessing,
     menilai, mengevaluasi, menguji kecukupan dan efektivitas                         evaluating, and testing the adequacy and effectiveness of
     sistem pengendalian internal perusahaan;                                         the Company's internal control system.
5.   Membantu Direksi dalam meningkatkan tata kelola                           5.     Support the Board of Directors in strengthening corporate
     perusahaan PT Hexindo Adiperkasa Tbk, terutama                                   governance at PT Hexindo Adiperkasa Tbk, particularly
     dengan mendorong efektivitas organ-organ Tata Kelola                             by promoting the effectiveness of governance organs,
     Perusahaan,         serta     efektivitas      proses      pengendalian          internal control processes, risk management practices,
     internal, manajemen risiko, implementasi etika bisnis,                           business ethics implementation, and organizational
     dan pengukuran kinerja organisasi;                                               performance measurement.
6.   Memberikan rekomendasi dan informasi yang objektif                        6.     Provide objective recommendations and information
     pada proses atau area yang dinilai agar kegiatan perusahaan                      regarding the processes or areas reviewed to support
     mengarah pada pencapaian tujuan dan sasarannya secara                            the effective achievement of the Company's goals and
     efektif, dapat menciptakan nilai tambah, serta membantu                          objectives, create added value, and assist management in
     manajemen mengarahkan perhatian terhadap perubahan                               addressing environmental changes, emerging business
     lingkungan, risiko bisnis yang muncul, serta hal-hal lain                        risks, and other factors that may affect the Company's
     yang mempengaruhi hasil dan kinerja perusahaan;                                  performance and results.
7.   Melaporkan hasil pemeriksaan dan pengawasan kepada                        7.     Report audit and monitoring results to the Board of
     Direksi & Komite audit;                                                          Directors and the Audit Committee.
8.   Memberikan informasi mengenai perkembangan pada                           8.     Provide updates to the Board of Directors and the Audit
     hasilhasil pelaksanaan dari rencana audit tahunan serta                          Committee regarding the implementation of the annual
     kecukupan sumber daya audit kepada Direksi dan Komite                            audit plan and the adequacy of audit resources.
     Audit; serta
9.   Menyusun program untuk mengevaluasi kualitas kegiatan                     9.     Develop programs to evaluate the quality of audit activities
     audit yang telah dilakukan.                                                      performed.


Adapun wewenang yang dimiliki oleh Auditor Internal                            The Company's Internal Audit function has the following
Perseroan adalah sebagai berikut:                                              authorities:
1.   Melakukan audit di seluruh area PT Hexindo Adiperkasa                     1.     Conduct audits across all areas of PT Hexindo Adiperkasa
     Tbk, serta memberikan evaluasi dan rekomendasi audit;                            Tbk and provide audit evaluations and recommendations.
2.   Mendapatkan akses tidak terbatas atas semua data,                         2.     Obtain unrestricted access to all data, documents,
     dokumen, kegiatan, dan aset perusahaan yang diperlukan                           activities, and Company assets necessary for the
     dalam rangka pelaksanaan tugas fungsi audit internal;                            performance of internal audit duties.
3.   Melakukan komunikasi secara langsung dengan Direksi,                      3.     Communicate directly with the Board of Directors, the
     Dewan Komisaris, dan/atau Komite Audit;                                          Board of Commissioners, and/or the Audit Committee.
4.   Mengadakan rapat secara berkala dengan Komite Audit                       4.     Hold regular meetings with the Audit Committee
     dan dengan Direksi, Dewan Komisaris jika diperlukan                              and, where necessary, with the Board of Directors and
     terkait issue yang signifikan/insidentil; dan                                    the Board of Commissioners regarding significant or
                                                                                      incidental issues.
5.   Melakukan koordinasi dengan pihak terkait baik internal                   5.     Coordinate with relevant internal and external parties in
     maupun eksternal terkait dengan tugas audit.                                     relation to audit activities.




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Kualifikasi Audit Internal                                                Qualifications of Internal Auditors
Berdasarkan POJK No. 56/2015, setiap Auditor internal wajib               In accordance with OJK Regulation No. 56/POJK.04/2015,
memenuhi persyaratan sebagai berikut:                                     Internal Auditors must meet the following qualifications:
a.    Memiliki integritas dan perilaku yang profesional,                  a.   Possess     integrity   and   demonstrate       professional,
      independen, jujur, dan objektif dalam pelaksanaan                        independent, honest, and objective conduct in carrying
      tugasnya;                                                                out their duties.
b.    Memiliki pengetahuan dan pengalaman mengenai teknis                 b.   Have knowledge and experience in auditing techniques
      audit dan disiplin ilmu lain yang relevan dengan bidang                  and other disciplines relevant to their responsibilities.
      tugasnya;
c.    Memiliki pengetahuan tentang peraturan perundang                    c.   Possess knowledge of capital market regulations and other
      undangan di bidang Pasar Modal dan peraturan                             applicable laws and regulations.
      perundang-undangan terkait lainnya;
d.    Memiliki         kecakapan             untuk   berinteraksi   dan   d.   Have effective verbal and written communication skills.
      berkomunikasi baik lisan maupun tertulis secara efektif;
e.    Mematuhi standar profesi yang dikeluarkan oleh asosiasi             e.   Comply with professional standards issued by the relevant
      Audit Internal;                                                          Internal Audit association.
f.    Mematuhi kode etik Audit Internal;                                  f.   Adhere to the Internal Audit Code of Ethics.
g.    Menjaga kerahasiaan informasi dan/atau data Perusahaan              g.   Maintain the confidentiality of Company information
      terkait dengan pelaksanaan tugas dan tanggung jawab                      and/or data obtained in the course of performing Internal
      Audit Internal kecuali diwajibkan berdasarkan peraturan                  Audit duties and responsibilities, except where disclosure
      perundangundangan atau penetapan atau putusan                            is required by laws and regulations or by a court order or
      pengadilan;                                                              decision.
h.    Memahami prinsip tata kelola perusahaan yang baik dan               h.   Understand the principles of Good Corporate Governance
      manajemen risiko; dan                                                    and risk management.
i.    Bersedia meningkatkan pengetahuan, keahlian, dan                    i.   Be committed to continuously enhancing their knowledge,
      kemampuan profesionalismenya secara terus menerus.                       expertise, and professional capabilities.


Struktur dan Kedudukan Audit Internal                                     Structure and Position of Internal Audit
Audit Internal Perseroan terdiri dari 6 (enam) orang yang                 The Company's Internal Audit function consist of 6 (six)
bertanggung jawab kepada Presiden Direktur. Kepala Audit                  personnel and reports to the President Director. The Head of
Internal diangkat oleh Presiden Direktur atas persetujuan                 Internal Audit is appointed by the President Director with the
Dewan Komisaris.                                                          approval of the Board of Commissioners.


Secara struktural, Kepala Audit Internal bertanggung jawab                From a structural perspective, the Head of Internal Audit
dan melapor kepada Direksi. Sedangkan secara fungsional,                  is accountable and reports to the Board of Directors. From
Kepala Audit Internal bertanggung jawab dan melapor kepada                a functional perspective, the Head of Internal Audit is
Komite Audit.                                                             accountable and reports to the Audit Committee.


Profil Kepala Audit Internal                                              Profile of the Head of Internal Audit
Berikut adalah profil singkat Kepala Audit Internal yang                  The following is a brief profile of the Head of Internal Audit
menjabat selama tahun buku 2025:                                          who served during the 2025 financial year:




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Page 186
 Ikhtisar 2025 | 2025 Highlights                                                   Tata Kelola Perusahaan | Good Corporate Governance
 Laporan Manajemen | Management Report                                             Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                               Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




                                                              Muhammad Thamrin
                                                              Kepala Audit Internal
                                                              Head of Internal Audit


                                                              Usia | Age       Kewarganegaraan | Citizenship               Domisili | Domicile
                                                              48 Tahun         Warga Negara Indonesia                      Jakarta
                                                              48 Years Old     Indonesian Citizen




 Dasar Pengangkatan           Surat Keputusan Direksi No. 606/SK-Dir/PA/0517 tanggal 29          The Board of Directors’ Decree No. 606/SK-Dir/PA/0517
 Basis of Appointment         Mei 2017, dengan masa jabatan yang berlaku hingga adanya           dated May 29, 2017, with a tenure effective until any changes
                              perubahan sesuai dengan Keputusan Rapat Direksi.                   are made in accordance with the resolution of the Board of
                                                                                                 Directors’ Meeting.
 Riwayat Pendidikan           • Sarjana Ekonomi, Jurusan Akuntansi dari Sekolah Tinggi           • Bachelor’s degree in Economics, majoring in accounting,
 Education Background           Ilmu Ekonomi YKPN, Yogyakarta;                                     from the YKPN School of Economics, Yogyakarta;
                              • Sertifikasi Qualified Internal Auditor (QIA); dan
                              • Certified Corporate Forensic Auditor (CCFA).                     • Qualifications of Qualified Internal Auditor (QIA); and
                                                                                                 • Certified Corporate Forensic Auditor (CCFA).
 Riwayat Pekerjaan            Sebelum bergabung dengan Perseroan, beliau pernah                  Prior to joining the Company, he held various strategic
 Career History               menduduki berbagai posisi strategis, antara lain sebagai           positions, including Branch Manager of Bank BTPN MUR
                              Branch Manager Bank BTPN MUR Cabang Jatinegara, Quality            Jatinegara Branch, Quality Assurance Manager at PT
                              Assurance Manager PT Bank BTPN Tbk, Internal Audit Deputy          Bank BTPN Tbk, Internal Audit Deputy Manager at PT
                              Manager PT Adira Quantum MF Tbk, serta Auditor Senior di           Adira Quantum MF Tbk, and Senior Auditor at the Public
                              Kantor Akuntan Publik HLB Hadori Sugiarto Adi & Rekan.             Accounting Firm HLB Hadori Sugiarto Adi & Rekan.
 Hubungan Afiliasi            Tidak memiliki hubungan afiliasi dengan anggota Dewan              Does not have any affiliation with other members of the Board
 Affiliation Relationship     Komisaris lain, anggota Direksi, dan Pemegang Saham.               of Commissioners, members of the Board of Directors, or
                                                                                                 Shareholders.



Rapat Audit Internal                                                               Internal Audit Meetings
Berdasarkan ketentuan dalam POJK No. 56/2015, Audit                                In accordance with OJK Regulation No. 56/POJK.04/2015,
Internal Perseroan dapat menyelenggarakan rapat secara                             the Company's Internal Audit function may hold regular and
berkala dan insidentil dengan Direksi, Dewan Komisaris, dan/                       ad hoc meetings with the Board of Directors, the Board of
atau Komite Audit.                                                                 Commissioners, and/or the Audit Committee.


Pengembangan Kompetensi Audit Internal                                             Competency Development of Internal Audit
Untuk menjaga kualitas pengawasan dan evaluasi internal yang                       To maintain the quality of objective and independent internal
objektif dan independen, Perseroan berkomitmen untuk terus                         oversight and evaluation, the Company is committed to
meningkatkan kompetensi auditor internal melalui program                           continuously enhancing the competencies of its internal
pelatihan yang sesuai dengan perkembangan standar audit dan                        auditors through training programs that align with evolving
kebutuhan bisnis.                                                                  audit standards and business needs.




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Kebijakan Pengembangan Kompetensi Audit Internal                                 Policy on Competency Development of Internal
                                                                                 Audit
Perseroan memiliki kebijakan untuk memberikan pelatihan                          The Company has established a policy to provide ongoing
teknis dan sertifikasi profesional secara berkelanjutan kepada                   technical training and professional certification programs for
auditor internal guna memastikan pelaksanaan fungsi audit                        internal auditors to ensure the effective performance of the
yang efektif, sesuai prinsip GCG.                                                internal audit function in accordance with the principles of
                                                                                 GCG.


Kegiatan Pengembangan Kompetensi Audit Internal                                  Competency Development Activities of Internal
                                                                                 Audit
Sepanjang tahun buku 2025, Audit Internal Perseroan                              Throughout the 2025 financial year, the Company's Internal
telah mengikuti kegiatan pelatihan dan/atau peningkatan                          Audit function participated in the following training and
kompetensi berikut:                                                              competency development activities:


Kegiatan Pengembangan Kompetensi Audit Internal pada Tahun Buku 2025
Internal Audit Competency Activities in the 2025 Fiscal Year
                  Peserta                                         Materi                            Tanggal                   Penyelenggara
                 Participant                                        Topic                              Date                       Organizer
 Muhammad Thamrin, SE., QIA, CCFA            HCM_information security                          29 April 2025          HCM
 Kepala Audit Internal                                                                         April 29, 2025
 Head of Internal Audit
                                             HCM_Approporiate management and handling          29 April 2025          HCM
                                             of confidential information                       April 29, 2025
                                             HCM_Compliance program training                   21 Mei 2025            HCM
                                                                                               May 21, 2025
                                             HAP_Design thinking                               13 Oktober 2025        Hexindo
                                                                                               October 13, 2025
                                             HAP_Communciation                                 30 Januari 2026        Hexindo
                                                                                               January 30, 2026
                                             HAP_Emotional intelligence                        20 Februari 2026       Hexindo
                                                                                               February 20, 2026
                                             HAP_Stress Management                             27 Maret 2026          Hexindo
                                                                                               March 27, 2026
 Anton Novalino, SE., QIA                    Certified Corporate Forensic Auditor (CCFA)       6 -16 Oktober 2025     PPM Manajemen
 Wakil Kepala Audit Internal                                                                   October 6 - 16, 2025
 Deputy Head of Internal Audit
                                             Communication Skills For Business                 22 Januari 2026        Hexindo
                                                                                               January 22, 2026
                                             Emotional Intelligence                            30 Januari 2026        Hexindo
                                                                                               January 30, 2026
                                             Landcros                                          19 Frbruari 2026       Hexindo
                                                                                               February 19, 2026
                                             The 5’s Activities                                24 Februari 2026       Hexindo
                                                                                               February 24, 2026
                                             Information Security Education 2025               5 Maret 2026           Hexindo
                                                                                               March 5 2026
                                             Stress Management                                 16 Maret 2026          Hexindo
                                                                                               March 16, 2026
                                             Design Thinking Creativity                        31 Maret 2026          Hexindo
                                                                                               March 31, 2026
 M. Rezky Iqbal Putra, SE., MM., CRMP.,      Membangun Budaya anti fraud                       13 Juni 2025           ACFE
 QIA                                         Building an Anti-Fraud Culture                    June 13, 2025
 Wakil Kepala Pengendalian Internal
                                             Internal Audit & Fight Against Corruption and     20 Agustus 2025        THE IIAC.
 Deputy Head of Internal Control
                                             Future ethical, Corruption resilient Governance   August 20, 2025        Global Compact Network Indonesia.
                                                                                                                      UN office on drug & Crime.
                                             Strenghtening Governance: Integrating ICoFR,      22 Oktober 2025        THE IIAC.
                                             investigative audit and Digital Forensic          October 22, 2025       Global Compact Network Indonesia.
                                                                                                                      UN office on drug & Crime.
                                             Appropriate Management & Handling of              21 Mei 2025            HCM
                                             confidential information                          May 21, 2025

                                             Information Security                              21 Mei 2025            HCM
                                                                                               May 21, 2025
                                             Program Instruksi kepatuhan                       28 Mei 2025            HCM
                                             Compliance Instruction Program                    May 28, 2025


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 Ikhtisar 2025 | 2025 Highlights                                               Tata Kelola Perusahaan | Good Corporate Governance
 Laporan Manajemen | Management Report                                         Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                           Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Pelaksanaan Tugas Audit Internal                                               Implementation of Internal Audit Duties
Pada tahun buku 2025, Audit Internal telah menyusun Laporan                    During the 2025 financial year, the Internal Audit function
Hasil Audit (LHA) atas pelaksanaan audit di setiap cabang,                     prepared Audit Reports on audit activities conducted at each
proyek, dan departemen dengan menggunakan metode risk-                         branch, project, and department using a risk-based audit
based audit. LHA disampaikan kepada Dewan Komisaris                            approach. The Audit Reports were submitted to the Board
melalui Komite Audit, Direksi, serta departemen terkait. LHA                   of Commissioners through the Audit Committee, the Board
berisi temuan, rekomendasi, dan kesimpulan atas kegiatan                       of Directors, and the relevant departments. These reports
audit yang telah dilakukan.                                                    contained audit findings, recommendations, and conclusions
                                                                               resulting from the audit activities performed.


Adapun kegiatan Audit Internal selama tahun buku 2025                          The Internal Audit function carried out the following activities
adalah sebagai berikut:                                                        during the 2025 financial year:
1.   Melaksanakan program audit tahunan.                                       1.     Implemented the annual audit program.
2.   Menyelenggarakan 4 (empat) kali rapat konsultasi dan                      2.     Conducted 4 (four) consultation and coordination
     koordinasi dengan Komite Audit.                                                  meetings with the Audit Committee.
3.   Melaksanakan pengujian atas efektivitas pengendalian                      3.     Performed testing of the effectiveness of the Company's
     internal Perusahaan, dengan rincian sebagai berikut:                             internal controls, with the following scope:
     •      Subject Pengujian: Proses Bisnis, Entity Level Control,                   •      Subjects of Testing: Business Processes, Entity-Level
            dan Financial Closing Reporting Process.                                         Controls, and Financial Closing and Reporting
                                                                                             Process.
     •      Metode Pengujian: Test of Design Effectiveness (TOD)                      •      Testing Methods: Test of Design Effectiveness (TOD)
            dan Test of Operating Effectiveness (TOE).                                       and Test of Operating Effectiveness (TOE).
4.   Melakukan program audit khusus.                                           4.     Conducted special audit programs.
5.   Melakukan rapat koordinasi untuk perbaikan bisnis                         5.     Held coordination meetings to improve business
     proses, baik itu perubahan regulasi maupun pembuatan                             processes, including responding to regulatory changes
     regulasi baru berdasarkan temuan audit.                                          and developing new regulations based on audit findings.
6.   Melakukan monitoring dan tindak lanjut atas rekomendasi                   6.     Monitored and followed up on corrective actions relating
     perbaikan atas temuan audit.                                                     to audit recommendations and findings.
7.   Memberikan sosialisasi dengan topik terkait internal                      7.     Conducted awareness and training sessions on internal
     control, compliance dan GCG.                                                     control, compliance, and Good Corporate Governance
                                                                                      (GCG).


Penilaian Kinerja Audit Internal                                               Performance Assessment of Internal Audit
Sebagai bagian dari upaya menjaga efektivitas fungsi                           As part of its efforts to maintain the effectiveness of the
pengawasan, Direksi secara berkala melakukan penilaian                         oversight function, the Board of Directors periodically
terhadap       kinerja      Audit      Internal       untuk       memastikan   evaluates the performance of the Internal Audit function to
pelaksanaan fungsi audit berjalan efektif dan sesuai dengan                    ensure that audit activities are carried out effectively and in line
tujuan Perseroan.                                                              with the Company's objectives.


Prosedur Penilaian Kinerja Audit Internal                                      Performance Assessment Procedure of Internal Audit
Direksi melakukan evaluasi kinerja Audit Internal setiap                       The Board of Directors conducts an annual performance
tahun menggunakan metode penilaian yang didasarkan pada                        evaluation of the Internal Audit function using an assessment
pelaksanaan tugas dan tanggung jawab yang telah dilaksanakan                   method based on the implementation of its duties and
beserta kriteria penilaian yang telah ditetapkan.                              responsibilities, as well as the established evaluation criteria.


Kriteria Penilaian Kinerja Audit Internal                                      Performance Assessment Criteria of Internal Audit
Berikut adalah kriteria yang digunakan dalam melakukan                         The following criteria are used to assess the performance of the
penilaian atas kinerja Audit Internal Perseroan:                               Company's Internal Audit function:
1.   Pelaksanaan rencana audit tahunan berbasis risiko secara                  1.     Comprehensive and timely implementation of the risk-
     menyeluruh dan tepat waktu.                                                      based annual audit plan.


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2.    Kualitas pelaksanaan audit khusus serta kegiatan              2.   Quality of special audit engagements and consulting
      konsultansi kepada manajemen.                                      activities provided to management.
3.    Kontribusi dalam peningkatan pengendalian internal,           3.   Contribution to the enhancement of internal controls,
      manajemen risiko, dan GCG.                                         risk management, and GCG.
4.    Objektivitas rekomendasi serta nilai tambah yang              4.   Objectivity of recommendations and the value added in
      diberikan       dalam       mendukung   pencapaian   tujuan        supporting the achievement of the Company's objectives.
      Perusahaan.
5.    Kualitas pelaporan, komunikasi hasil audit, dan evaluasi      5.   Quality of reporting, communication of audit results, and
      internal atas kegiatan audit.                                      internal evaluation of audit activities.


Hasil Penilaian Kinerja Audit Internal                              Results of the Performance Assessment of Internal
                                                                    Audit
Berdasarkan prosedur dan kriteria penilaian kinerja yang            Based on the performance assessment procedures and criteria
diterapkan pada tahun buku 2025, masing-masing anggota              applied during the 2025 financial year, each member of the
Audit Internal telah menjalankan tugas dan tanggung jawabnya        Internal Audit function performed his or her duties and
dengan baik.                                                        responsibilities satisfactorily.




Organ Pendukung Dewan Komisaris
Supporting Organs of the Board of Commissioners



Dalam melaksanakan fungsi pengawasan atas Perseroan,                In carrying out its oversight function over the Company, the
Dewan Komisaris dibantu oleh Komite Audit.                          Board of Commissioners is assisted by the Audit Committee.


KOMITE AUDIT                                                        AUDIT COMMITTEE
Komite Audit adalah komite yang dibentuk oleh Dewan                 The Audit Committee is a committee established by the
Komisaris untuk membantu menjalankan fungsi pengawasan,             Board of Commissioners to assist in performing its oversight
khususnya terkait pelaporan keuangan, pengelolaan risiko,           function, particularly in relation to financial reporting, risk
kepatuhan terhadap regulasi, dan pengawasan atas audit              management, regulatory compliance, and oversight of both
internal maupun eksternal.                                          internal and external audits.


Piagam Komite Audit                                                 Audit Committee Charter
Tugas, tanggung jawab, dan wewenang Komite Audit tercantum          The duties, responsibilities, and authorities of the Audit
dalam Piagam Komite Audit yang telah disahkan pada tanggal          Committee are set out in the Audit Committee Charter, which
20 Desember 2021 sebagai berikut:                                   was approved on December 20, 2021. The Charter covers the
                                                                    following matters:
1.    Maksud dan Tujuan;                                            1.   Purpose and Objectives;
2.    Tugas, Tanggung Jawab, dan Wewenang;                          2.   Duties, Responsibilities, and Authorities;
3.    Otoritas;                                                     3.   Authority;
4.    Organisasi;                                                   4.   Organization;
5.    Perubahan Piagam dan Kinerja Komite Audit; dan                5.   Amendments to the Charter and Audit Committee
                                                                         Performance; and
6.    Lain-Lain.                                                    6.   Other Provisions.




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 Laporan Manajemen | Management Report                                             Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                               Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Tugas, Tanggung Jawab, dan Wewenang Komite                                         Duties, Responsibilities, and Authorities of the Audit
Audit                                                                              Committee
Sebagaimana tercantum dalam Piagam Komite Audit, tugas                             As stipulated in the Audit Committee Charter, the Audit
dan tanggung jawab Komite Audit Perseroan adalah sebagai                           Committee has the following duties and responsibilities:
berikut:
1.   Rapat dan Tanggung Jawab Tertentu                                             1.     Meetings and Specific Responsibilities
     a.     Mengadakan rapat setidaknya satu kali dalam satu                              a.     Hold meetings at least once every quarter and meet
            triwulan, rapat dengan Internal Audit dan kantor                                     with Internal Audit and the Public Accounting Firm
            akuntan publik setidaknya satu kali. Komite Audit                                    at least once annually. The Audit Committee may
            dapat mengundang Direksi dan Internal Audit                                          invite the Board of Directors and Internal Audit to
            untuk pertemuan khusus untuk mendiskusikan                                           special meetings to discuss audit-related matters in
            permasalahan audit lebih lanjut.                                                     greater detail.
     b.     Meminta setiap pejabat atau karyawan Perseroan                                b.     Request any officer or employee of the Company to
            untuk menghadiri rapat dengan Komite Audit dan/                                      attend meetings with the Audit Committee and/or
            atau dengan penasihat dari kantor akuntan publik.                                    advisors from the Public Accounting Firm.
     c.     Jika diperlukan, Komite Audit berwenang untuk                                 c.     If necessary, engage legal, accounting, or other
            menyewa penasihat hukum, akuntansi, atau lainnya                                     external advisors with the prior approval of the
            dari luar Perseroan dengan persetujuan terlebih dahulu                               Board of Commissioners and request adequate
            dari Dewan Komisaris serta berhak meminta kapasitas                                  human resources to support the fulfillment of its
            Sumber Daya Manusia (SDM) yang memadai untuk                                         duties and responsibilities.
            membantu pemenuhan tugas dan tanggung jawabnya.
     d.     Meninjau ulang Piagam Komite Audit setiap tahun                               d.     Review the Audit Committee Charter annually and
            dan merekomendasikan pembaruan isi piagam                                            recommend any necessary amendments to the Board
            kepada       Dewan        Komisaris        untuk          dimintakan                 of Commissioners for approval.
            persetujuan.
     e.     Menyusun laporan evaluasi berkala mengenai                                    e.     Prepare periodic evaluation reports on the quality
            kualitas dan integritas laporan keuangan Perseroan,                                  and integrity of the Company's financial statements,
            kepatuhan         Perseroan         terhadap        hukum       dan                  the Company's compliance with applicable laws
            peraturan, serta independensi kantor akuntan publik                                  and regulations, and the independence of the
            dan auditor eksternal kepada Dewan Komisaris.                                        Public Accounting Firm and external auditors for
                                                                                                 submission to the Board of Commissioners.
     f.     Memberikan respons yang tepat terhadap keluhan                                f.     Provide       appropriate         responses     to     complaints
            yang diterima Perseroan mengenai akuntansi,                                          received by the Company regarding accounting,
            kontrol akuntansi internal, atau masalah-masalah                                     internal accounting controls, or auditing matters.
            audit. Selain itu, Komite Audit juga bertanggung                                     The Audit Committee is also responsible for
            jawab menerima pengaduan secara rahasia dan                                          receiving confidential and anonymous complaints
            anonim dari karyawan Perseroan terkait masalah                                       from employees concerning accounting or auditing
            akuntansi atau audit.                                                                issues.


2.   Pengawasan Hubungan Perseroan dengan Auditor                                  2.     Oversight of the Company's Relationship with External
     Eksternal dan Internal                                                               and Internal Auditors
     a.     Memberikan rekomendasi kepada Dewan Komisaris                                 a.     Provide       recommendations            to     the    Board    of
            mengenai pengangkatan, pengangkatan kembali,                                         Commissioners              regarding      the        appointment,
            pemberhentian atau penggantian, periode pekerjaan                                    reappointment,            dismissal,      replacement,         and
            akuntan publik untuk kemudian diusulkan pada                                         engagement period of the Public Accounting Firm
            RUPST.                                                                               for subsequent submission to the Annual General
                                                                                                 Meeting of Shareholders (AGMS).
     b.     Meminta kantor akuntan publik untuk menyerahkan                               b.     Require the Public Accounting Firm to submit a
            laporan kepada Komite Audit, setidaknya setahun                                      report to the Audit Committee at least once a year
            sekali, mengenai:                                                                    regarding:


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             •     Prosedur Internal Quality Control Auditor; dan                         •    The     auditor's   Internal      Quality     Control
                                                                                               procedures; and
             •     Semua masalah terkini yang dikemukakan                                 •    Any issues raised through internal quality
                   oleh Internal Quality Control atau peer-review/                             control reviews, peer reviews, government
                   pertanyaan/investigasi dari pihak pemerintah                                inquiries, professional investigations, or other
                   dan profesional dalam periode lima tahun,                                   examinations during the preceding five years
                   dengan memperhatikan satu atau lebih audit                                  relating to one or more independent audits
                   independen yang dilaksanakan kantor akuntan                                 conducted by the Public Accounting Firm,
                   publik serta langkah penyelesaiannya. Kantor                                including the status of corrective actions taken.
                   akuntan publik wajib menyampaikan laporan
                   tersebut      kepada       Komite     Audit     sesegera
                   mungkin setelah melakukan pengkajian ulang
                   dan penyelidikan.
      c.     Meminta          kantor         akuntan     publik      untuk           c.   Require the Public Accounting Firm to provide
             menyampaikan pernyataan tertulis kepada Komite                               a written statement to the Audit Committee on a
             Audit secara rutin, sedikitnya sekali dalam setahun.                         regular basis, at least annually, detailing the full scope
             Pernyataan tersebut wajib memuat seluruh lingkup                             of services provided to the Company, including any
             pekerjaan audit antara kantor akuntan publik dan                             non-audit services, if applicable.
             Perseroan, termasuk jasa non-audit yang diberikan
             kepada Perseroan, jika ada.
      d.     Melakukan pembahasan dengan kantor akuntan                              d.   Discuss with the Public Accounting Firm any
             publik terkait setiap pengungkapan hubungan, jasa,                           relationships, services, or other factors that may
             atau faktorfaktor lain yang dapat mempengaruhi                               affect its objectivity and independence.
             objektivitas serta independensi akuntan publik
             tersebut.
      e.     Memberikan rekomendasi kepada Dewan Komisaris                           e.   Provide     recommendations       to     the     Board   of
             untuk memastikan independensi kantor akuntan                                 Commissioners to ensure the independence of
             publik. Dalam rangka memastikan independensi                                 the Public Accounting Firm. In evaluating audit
             audit     secara      berkala,     Komite     Audit     harus                independence,      the   Audit      Committee       should
             mempertimbangkan adanya perubahan pada kantor                                periodically consider the rotation or replacement of
             akuntan publik yang ditunjuk oleh Perseroan.                                 the Public Accounting Firm engaged by the Company.
      f.     Mengadakan pembahasan mengenai masalah yang                             f.   Discuss issues arising from financial reporting
             timbul dalam pelaporan keuangan dengan Dewan                                 with the Board of Commissioners, the Board of
             Komisaris, Direksi dan kantor akuntan publik. Komite                         Directors, and the Public Accounting Firm. The
             Audit dan kantor akuntan publik secara bersama-sama                          Audit Committee and the Public Accounting Firm
             mengkaji ulang setiap masalah yang timbul dalam                              jointly review such issues, taking into account the
             pelaporan keuangan dengan mempertimbangkan                                   responses of the Board of Commissioners and the
             respons Dewan Komisaris dan Direksi.                                         Board of Directors.


3.    Dalam hal pengawasan kepatuhan terhadap peraturan                         3.   Oversight of Compliance with Laws and Regulations The
      dan perundang-undangan yang berlaku, Komite Audit                              Audit Committee is responsible for:
      bertugas untuk:
      a.     Menerima komunikasi dan informasi tentang                               a.   Receiving     communications           and     information
             kendala operasional dan pengendalian internal yang                           regarding significant operational and internal
             signifikan.                                                                  control issues.
      b.     Menindaklanjuti status investigasi dalam laporan                        b.   Monitoring the status of investigations arising
             audit internal secara berkala dari dari Internal Audit                       from Internal Audit reports and updates provided
             dan Direksi, kemudian melakukan penyelidikan                                 by Internal Audit and the Board of Directors, and
             lain dalam urusan Perseroan sebagaimana dianggap                             conducting further inquiries into Company matters
             perlu dan sesuai.                                                            where necessary and appropriate.


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 Laporan Manajemen | Management Report                                             Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                               Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




     c.     Menerima informasi secara berkala dari Direksi dan                            c.     Receiving periodic information from the Board of
            kantor akuntan publik terkait identifikasi dan tindak                                Directors and the Public Accounting Firm regarding
            lanjut kendala pengendalian internal, termasuk                                       the identification and resolution of internal control
            setiap kekurangan yang signifikan dalam desain atau                                  issues, including significant deficiencies in the
            operasi pengendalian internal yang mempengaruhi                                      design or operation of internal controls that may
            kemampuan Perseroan untuk mencatat, memproses,                                       affect the Company's ability to record, process, and
            dan melaporkan data keuangan.                                                        report financial information.
     d.     Menerima informasi mengenai tindakan fraud, baik                              d.     Receiving information regarding material and non-
            yang bersifat material maupun nonmaterial yang                                       material fraud involving members of the Board
            melibatkan Direksi dan/atau karyawan lain yang                                       of Directors and/or employees with significant
            berperan penting dalam kegiatan pengendalian                                         responsibilities related to the Company's internal
            internal Perseroan.                                                                  control activities.
     e.     Mengkaji ulang kepatuhan Perseroan terhadap                                   e.     Reviewing         the      Company's        compliance       with
            peraturan,         perundang-undangan,                dan      Kode                  applicable laws, regulations, and Code of Ethics
            Etik yang berlaku bersama-sama dengan Dewan                                          together with the Board of Commissioners and the
            Komisaris dan Direksi.                                                               Board of Directors.
     f.     Mengkaji ulang laporan pemeriksaan yang signifikan                            f.     Reviewing significant examination reports issued by
            dari regulator yang bersangkutan dengan Perseroan.                                   regulators relevant to the Company.
     g.     Menerima komunikasi dan informasi dari Direksi                                g.     Receiving         communications            and     information
            tentang ikhtisar laporan aktivitas yang mencurigakan                                 from the Board of Directors regarding summaries
            yang diajukan oleh entitas kepada regulator.                                         of suspicious activity reports submitted by the
                                                                                                 Company to regulators.


4.   Dalam hal pernyataan dan pengungkapan hal-hal                                 4.     Financial Reporting and Disclosure Responsibilities, the
     keuangan, Komite Audit bertugas untuk:                                               Audit Committee is responsible for:
     a.     Mengkaji ulang dan mengadakan diskusi dengan                                  a.     Reviewing and discussing the audit scope with the
            Dewan Komisaris, Direksi, dan Internal Audit                                         Board of Commissioners, the Board of Directors,
            mengenai lingkup audit, sedikitnya sekali dalam                                      and Internal Audit at least once during each financial
            setiap tahun buku.                                                                   year.
     b.     Mengkaji ulang dan mengadakan diskusi dengan                                  b.     Reviewing         and       discussing      audited     financial
            Direksi terkait laporan keuangan yang telah diaudit,                                 statements, quarterly financial statements, and other
            laporan keuangan triwulanan, serta laporan-laporan                                   significant reports and disclosures with the Board of
            lain yang signifikan termasuk pengungkapan-                                          Directors.
            pengungkapan tertentu.
     c.     Mengkaji ulang dan mengadakan diskusi dengan                                  c.     Reviewing and discussing significant accounting
            Direksi, kantor akuntan publik, serta Internal Audit                                 policies, issues, and judgments with the Board of
            terkait kebijakan, isu, serta penilaian signifikan                                   Directors, the Public Accounting Firm, and Internal
            termasuk dalam hal akuntansi, pajak penghasilan,                                     Audit, including matters relating to accounting,
            laporan keuangan, serta laporan-laporan lain yang                                    income tax, financial statements, and other
            signifikan.                                                                          significant reports.
     d.     Mengkaji ulang laporan pengendalian akuntansi                                 d.     Reviewing internal accounting control reports
            internal      (management           letters)     yang       diajukan                 (management letters) issued by the independent
            oleh kantor akuntan publik yang terdaftar dan                                        registered Public Accounting Firm.
            independen.
     e.     Mengadakan diskusi dengan kantor akuntan publik                               e.     Discussing matters necessary for the implementation
            terkait hal-hal yang diperlukan untuk melakukan                                      of audit and control processes with the Public
            proses      pengendalian,         termasuk        namun        tidak                 Accounting          Firm,       including    any      constraints
            terbatas pada setiap kendala yang dihadapi dalam                                     encountered during their execution.
            pelaksanaannya.




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      f.     Mengadakan diskusi terkait ruang lingkup kegiatan             f.   Discussing the scope of the Public Accounting Firm's
             kantor akuntan publik, akses informasi, dan                        work, access to information, and any significant
             perbedaan pendapat yang signifikan dengan Direksi.                 differences of opinion with the Board of Directors.


5.    Dalam hal penyusunan dan pelaporan Laporan Tahunan,             5.   Annual       Report       Preparation         and      Reporting
      Komite Audit:                                                        Responsibilities, the Audit Committee is responsible for:
      a.     Menyiapkan laporan Komite Audit sesuai ketentuan              a.   Preparing the Audit Committee Report in accordance
             OJK dan menyertakannya dalam laporan tahunan                       with OJK regulations for inclusion in the Company's
             Perseroan.                                                         Annual Report.
      b.     Menyusun Laporan Tahunan secara tepat waktu                   b.   Supporting the timely preparation of the Annual
             yang menyertakan laporan pengendalian internal                     Report,      including     transparent     and     objective
             yang transparan dan objektif.                                      reporting on internal controls.
      c.     Menyusun ikhtisar laporan kerja Komite Audit                  c.   Preparing a summary of the Audit Committee's
             untuk periode satu tahun sebelumnya, termasuk                      activities     for   the   preceding      year,    including
             namun tidak terbatas pada pendapat Komite Audit                    comprehensive, competent, adequate, and objective
             yang lengkap, cakap, cukup, dan berintegritas.                     opinions of the Audit Committee.
      d.     Membantu Dewan Komisaris memeriksa kualifikasi                d.   Assisting the Board of Commissioners in assessing
             dan independensi kantor akuntan publik yang                        the qualifications and independence of the Public
             ditunjuk oleh Perseroan.                                           Accounting Firm appointed by the Company.
      e.     Mengkaji kinerja Internal Audit dan kantor akuntan            e.   Reviewing the performance of Internal Audit and
             publik.                                                            the Public Accounting Firm.
      f.     Menyelesaikan perbedaan pendapat yang timbul                  f.   Resolving differences of opinion arising in the
             dalam proses pelaporan keuangan.                                   financial reporting process.
      g.     Mengawasi pelaksanaan tugas dan tanggung jawab                g.   Overseeing the implementation of the duties and
             Dewan Komisaris dan Direksi dalam memastikan                       responsibilities of the Board of Commissioners and
             dan menerapkan sistem kontrol yang efektif.                        the Board of Directors in ensuring and maintaining
                                                                                an effective internal control system.


Dalam melaksanakan tugasnya, Komite Audit memiliki                    In carrying out its duties, the Audit Committee has the
kewenangan sebagai berikut:                                           following authorities:
1.    Mengakses dokumen, data dan informasi Perusahaan                1.   Access the Company's documents, data, and information
      mengenai kebutuhan karyawan, dana, aset dan sumber                   relating to employees, funding, assets, and other corporate
      daya Perusahaan.                                                     resources.
2.    Berkomunikasi langsung dengan karyawan, termasuk                2.   Communicate         directly    with   employees,       including
      Direksi dan pihak yang menjalankan fungsi audit internal,            members of the Board of Directors and personnel
      manajemen risiko, dan akunting.                                      responsible for internal audit, risk management, and
                                                                           accounting functions.
3.    Komite Audit memiliki tanggung jawab pelaporan yang             3.   The Audit Committee also has the following reporting
      meliputi:                                                            responsibilities:
      a.     Laporan       tertulis      kepada   Dewan   Komisaris        a.   Submit a written report to the Board of Commissioners
             sekurangkurangnya satu kali setiap triwulan yang                   at least once every quarter, containing details of the
             memuat rincian kegiatan Komite Audit, rekomendasi                  Audit Committee's activities, recommendations for
             tindak lanjut, dan pemaparan hal-hal penting yang                  follow-up actions, and other significant matters that
             perlu disampaikan kepada Dewan Komisaris.                          should be brought to the attention of the Board of
                                                                                Commissioners.
      b.     Memberikan rekomendasi kepada Dewan Komisaris                 b.   Provide      recommendations       to     the     Board   of
             mengenai penunjukan Auditor Eksternal dengan                       Commissioners regarding the appointment of the
             memperhatikan ruang lingkup pekerjaan dan                          External Auditor, taking into consideration the scope
             independensi. Komite Audit juga akan menunjuk                      of work and independence of the auditor. The Audit




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 Laporan Manajemen | Management Report                                               Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                 Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




            biaya untuk ukuran layanan audit eksternal yang                                        Committee also reviews and recommends the audit
            diusulkan oleh manajemen.                                                              fees proposed by management for external audit
                                                                                                   services.


Dalam rangka memastikan pelaksanaan tugas secara optimal,                            To ensure the effective execution of its duties, the Audit
Komite Audit menetapkan pembagian tugas sebagai berikut:                             Committee has established the following division of
                                                                                     responsibilities:


Tugas dan Tanggung Jawab Masing-masing Anggota Komite Audit
Duties and Responsilities of Each Member of the Audit Committee

    Nama dan Jabatan                                                            Tugas dan Tanggung Jawab
     Name and Position                                                             Duties and Responsibilities
 Harry Danui                       Mengoordinasikan fungsi dan peran Komite Audit serta memastikan kepatuhan Perseroan terhadap peraturan perundang-
 Ketua                             undangan yang berlaku, termasuk ketentuan di bidang pasar modal dan pelaporan keuangan.
 Chairman                          Coordinate the functions and roles of the Audit Committee and ensure the Company’s compliance with applicable laws and
                                   regulations, including provisions related to capital markets and financial reporting.
 Junarto Tjahjadi                  Menelaah informasi keuangan Perseroan dan melakukan tindakan yang diperlukan untuk memperoleh data yang akurat,
 Anggota                           termasuk melakukan kunjungan lapangan apabila diperlukan.
 Member                            Review the Company's financial information and take necessary actions to obtain accurate data, including conducting site visits
                                   when required.
 Bambang Dewandaru                 Menganalisis kondisi keuangan dan risiko yang dihadapi Perseroan, menelaah rencana kerja, serta mengevaluasi kegiatan
 Anggota                           pemeriksaan yang dilakukan oleh Internal Audit.
 Member                            Analyze the Company’s financial condition and risks, review work plans, and evaluate audit activities conducted by the Internal
                                   Audit unit.



Susunan, Periode, dan Masa Jabatan Komite Audit                                      Composition, Term, and Tenure of the Audit
                                                                                     Committee
Komite Audit dipimpin oleh Komisaris Independen Perseroan                            The Audit Committee is chaired by the Company's Independent
dan terdiri dari sedikitnya 2 (dua) anggota independen. Salah                        Commissioner and consists of at least 2 (two) independent
satu anggota tersebut wajib memiliki keahlian di bidang                              members. At least one member must possess expertise in
keuangan dan/ atau akuntansi dengan pengalaman minimal                               finance and/or accounting, with a minimum of 5 (five) years
5 (lima) tahun. Masa jabatan anggota Komite Audit tidak                              of relevant experience. The term of office of Audit Committee
boleh melebihi masa jabatan Dewan Komisaris sebagaimana                              members shall not exceed the term of office of the Board of
ditetapkan dalam Anggaran Dasar Perseroan, namun anggota                             Commissioners as stipulated in the Company's Articles of
dapat diangkat kembali untuk masa jabatan berikutnya.                                Association. However, members may be reappointed for
                                                                                     subsequent terms.


Adapun susunan dan komposisi Komite Audit Perseroan pada                             The composition and membership of the Company's Audit
akhir tahun buku 2025 adalah sebagai berikut:                                        Committee as of the end of the 2025 financial year were as
                                                                                     follows:




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 Ikhtisar 2025 | 2025 Highlights                                                                 Tata Kelola Perusahaan | Good Corporate Governance
 Laporan Manajemen | Management Report                                                           Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                             Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




                                                                    Harry Danui*
                                                                    Ketua Komite Audit
                                                                    Chairman of Audit Committee


                                                                    Usia | Age             Kewarganegaraan | Citizenship                   Domisili | Domicile
                                                                    65 Tahun               Warga Negara Indonesia                          Jakarta
                                                                    65 Years Old           Indonesian Citizen




 Dasar Pengangkatan               Surat Keputusan Dewan Komisaris Nomor 002/SKDekom/                            Decree of the Board of Commissioners Number 002/
 Basis of Appointment             HEXA/ IX/2020 tanggal 18 September 2020 untuk masa                            SKDekom/HEXA/ IX/2020 dated September 18, 2020, for his
                                  jabatan pertama.                                                              first term of office

*Profil lengkap Ketua Komite Audit dapat dilihat pada bagian Profil Dewan Komisaris dalam Laporan Tahunan ini
* The complete profile of the Chairman of the Audit Committee can be found in the Board of Commissioners Profile section of this Annual Report.




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                                                           Bambang Dewandaru
                                                           Anggota Komite Audit
                                                           Member of Audit Committee


                                                           Usia | Age          Kewarganegaraan | Citizenship           Domisili | Domicile
                                                           69 Tahun            Warga Negara Indonesia                  Jakarta
                                                           69 Years Old        Indonesian Citizen




 Dasar Pengangkatan           Surat Keputusan Dewan Komisaris No. 01/SKDekom/HEXA/               The Board of Commissioners’ Decree No. 01/SKDekom/
 Basis of Appointment         IX/2023 tanggal 26 September 2023 untuk periode jabatan            HEXA/IX/2023 dated September 26, 2023, for his first term
                              pertama.                                                           of office.
 Riwayat Pendidikan           • Sarjana Teknik, Institut Teknologi Bandung (1981);               • Bachelor of Engineering, Institut Teknologi Bandung
 Education Background                                                                              (1981);
                              • Postgraduate Diploma in Telecommunication and Information        • Postgraduate Diploma in Telecommunication and Information
                                Systems, University of Essex (1988);                               Systems, University of Essex (1988);
                              • Business Administration, Northeastern University (1993);         • Business Administration, Northeastern University (1993);
                              • Magister Sains Teknik Elektro (Master of Science in Electrical   • Master of Science in Electrical Engineering (MSEE),
                                Engineering/MSEE), Northeastern University (1993).                 Northeastern University (1993).
 Riwayat Pekerjaan            Sebelum menjabat sebagai anggota Komite Audit Perseroan,           Prior to his appointment as a member of the Company’s
 Career History               beliau memiliki pengalaman profesional yang luas di bidang         Audit Committee, he accumulated extensive professional
                              jaringan komunikasi satelit, antara lain di PT Telkom              experience in satellite communication networks, including
                              Indonesia (Persero) Tbk dan Bakrie Communication Group.            roles at PT Telkom Indonesia (Persero) Tbk and the Bakrie
                              Beliau juga pernah menjabat sebagai technical advisor, trainer,    Communication Group. He has also served as a technical
                              dan konsultan di bidang satelit komunikasi, serta menjadi          advisor, trainer, and consultant in the field of satellite
                              dosen Teknik Elektro di beberapa perguruan tinggi, di              communications, as well as a lecturer in Electrical Engineering
                              antaranya President University                                     at several universities, including President University
 Hubungan Afiliasi            Tidak memiliki hubungan afiliasi dengan anggota Dewan              Does not have any affiliation with other members of the Board
 Affiliation Relationship     Komisaris lain, anggota Direksi, dan Pemegang Saham.               of Commissioners, members of the Board of Directors, or
                                                                                                 Shareholders.




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 Ikhtisar 2025 | 2025 Highlights                                                 Tata Kelola Perusahaan | Good Corporate Governance
 Laporan Manajemen | Management Report                                           Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                             Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




                                                              Junarto Tjahjadi
                                                              Anggota Komite Audit
                                                              Member of Audit Committee


                                                              Usia | Age     Kewarganegaraan | Citizenship               Domisili | Domicile
                                                              61 Tahun       Warga Negara Indonesia                      Jakarta
                                                              61 Years Old   Indonesian Citizen




 Dasar Pengangkatan           Keputusan Dewan Komisaris No. 002/SKDekom/HEXA/                  The Board of Commissioners’ Decree No. 002/ SKDekom/
 Basis of Appointment         IX/2020 tanggal 18 September 2020 untuk periode jabatan          HEXA/IX/2020 dated September 18, 2020, for his first term
                              pertama.                                                         of office
 Riwayat Pendidikan           • Sarjana Akuntansi dari Universitas Tarumanegara; dan           • Bachelor’s degree in Accounting from Tarumanagara
 Education Background         • Sertifikasi sebagai Akuntan Publik.                              University; and
                                                                                               • Certified as a Public Accountant.
 Riwayat Pekerjaan            Saat ini, beliau juga menjabat sebagai Managing Partner di       Currently, he also serves as the Managing Partner at KAP
 Career History               KAP Tjahjadi & Tamara (Member of Morison KSi).                   Tjahjadi & Tamara (Member of Morison KSi).
 Hubungan Afiliasi            Tidak memiliki hubungan afiliasi dengan anggota Dewan            Does not have any affiliation with other members of the Board
 Affiliation Relationship     Komisaris lain, anggota Direksi, dan Pemegang Saham.             of Commissioners, members of the Board of Directors, or
                                                                                               Shareholders.




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Independensi Komite Audit                                                                  Independence of the Audit Committee
Seluruh anggota Komite Audit Perseroan menyatakan bahwa                                    All members of the Company's Audit Committee have
seluruh tugas dan tanggung jawabnya dilaksanakan secara                                    affirmed that they perform their duties and responsibilities
independen sesuai dengan ketentuan yang berlaku. Hal ini                                   independently and in accordance with applicable regulations.
tercermin dari kepemimpinan Ketua Komite Audit yang                                        This is reflected in the composition of the Audit Committee,
merupakan Komisaris Independen, serta 2 (dua) anggota                                      which is chaired by an Independent Commissioner and
lainnya yang merupakan profesional eksternal yang juga                                     supported by two (2) other members who are independent
independen. Selain itu, seluruh anggota Komite Audit juga                                  external professionals. In addition, all members of the Audit
telah memenuhi kriteria independensi sesuai dengan ketentuan                               Committee have met the independence criteria stipulated in
dalam POJK No. 55/2015, antara lain sebagai berikut:                                       OJK Regulation No. 55/POJK.04/2015, including the following:


Pernyataan Independensi Komite Audit
Statment of Independence of the Audit Committee

                                      Kriteria Independensi                                                                  Junarto              Bambang
                                                                                                         Harry Danui
                                        Independence Criteria                                                                Tjahjadi            Dewandaru
 Tidak memiliki hubungan keuangan dengan Dewan Komisaris dan Direksi.
 Does not have any financial relationship with the Board of Commissioners and the Board of                       √                  √                 √
 Directors.
 Tidak memiliki hubungan kepemilikan saham di Perseroan.
                                                                                                                 √                  √                 √
 Does not hold any ownership interest in the Company’s shares.
 Tidak memiliki hubungan kepengurusan di Perusahaan, maupun perusahaan afiliasi.
                                                                                                                 √                  √                 √
 Does not have any managerial relationship in the Company or its affiliated companies.
 Tidak memiliki hubungan keluarga dengan Dewan Komisaris, Direksi, dan/atau sesama
 anggota Komite Audit.
                                                                                                                 √                  √                 √
 Does not have any familial relationship with the Board of Commissioners, Board of Directors, and/
 or fellow members of the Audit Committee.
 Tidak menjabat sebagai pengurus partai politik, pejabat, dan pemerintah.
                                                                                                                 √                  √                 √
 Does not hold a position as a political party official, government official, or public officer.



Pengembangan Kompetensi Komite Audit                                                       Competency Development of the Audit Committee
Dalam rangka mendukung efektivitas fungsi pengawasan                                       To support the effective oversight of financial reporting,
terhadap proses pelaporan keuangan, audit, dan pengendalian                                audit activities, and internal control processes, the Company
internal,      Perseroan         secara      berkelanjutan           mendorong             continuously promotes the competency development of Audit
pengembangan kompetensi anggota Komite Audit agar tetap                                    Committee members to ensure alignment with evolving
selaras dengan perkembangan regulasi dan praktik tata kelola                               regulations and good governance practices.
yang baik.


Kebijakan Pengembangan Kompetensi Komite Audit                                             Policy on Competency Development of the Audit
                                                                                           Committee
Perseroan memiliki kebijakan untuk menyediakan program                                     The Company has established a policy to provide training
pelatihan, workshop, dan akses informasi terkini bagi anggota                              programs, workshops, and access to up-to-date information
Komite Audit guna memperkuat kapasitas dalam menjalankan                                   for Audit Committee members to strengthen their capabilities
fungsi pengawasan secara independen dan profesional.                                       in performing their oversight duties independently and
                                                                                           professionally.


Kegiatan Pengembangan Kompetensi Komite Audit                                              Competency Development Activities of the Audit
                                                                                           Committee
Informasi terkait pelatihan dan/atau peningkatan kompetensi                                Information       regarding   training       and/or    competency
yang diikuti anggota Komite Audit disajikan pada bagian                                    development activities attended by Audit Committee members
Kegiatan Pengembangan Kompetensi Dewan Komisaris dalam                                     is presented in the Board of Commissioners’ Competency
Laporan ini.                                                                               Development Activities section of this Report.




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    Ikhtisar 2025 | 2025 Highlights                                                  Tata Kelola Perusahaan | Good Corporate Governance
    Laporan Manajemen | Management Report                                            Laporan Keberlanjutan | Sustainability Report
    Profil Perusahaan | Company Profile                                              Laporan Keuangan | Financial Report
    Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Rapat Komite Audit                                                                   Audit Committee Meetings
Rapat Komite Audit merupakan sarana pengawasan strategis                             Audit Committee meetings serve as a strategic oversight
yang dilakukan untuk memastikan kepatuhan, transparansi,                             mechanism          to     ensure       compliance,      transparency,       and
dan integritas operasional Perusahaan. Forum ini bertujuan                           operational integrity within the Company. These meetings
untuk mendukung efektivitas fungsi pengawasan oleh Dewan                             support the effectiveness of the Board of Commissioners'
Komisaris.                                                                           supervisory function.


Kebijakan Rapat Komite Audit                                                         Policy on Audit Committee Meetings
Ketentuan pelaksanaan rapat Komite Audit merujuk pada                                The implementation of Audit Committee meetings is governed
POJK No. 55/2015 dan Piagam Komite Audit, dengan rincian                             by OJK Regulation No. 55/POJK.04/2015 and the Audit
sebagai berikut:                                                                     Committee Charter, with the following provisions:
1.      Komite Audit mengadakan rapat setidaknya setiap                              1.     The Audit Committee shall convene at least once every
        triwulan. Agenda formal dan lokasi pertemuan termasuk                               quarter. The meeting agenda, venue, and information
        informasi tentang isu-isu utama akan disampaikan                                    regarding key issues to be discussed shall be distributed
        sebelum hari pertemuan.                                                             prior to the meeting date.
2.      Komite Audit dapat mengundang pihak-pihak terkait                            2.     The Audit Committee may invite relevant parties to attend
        untuk menghadiri rapat Komite Audit sejauh dianggap                                 meetings whenever deemed necessary.
        perlu.
3.      Jika diperlukan, Komite Audit dapat mengadakan rapat                         3.     Where required, the Audit Committee may hold private
        tertutup dengan Internal Audit, Corporate Secretary,                                meetings with Internal Audit, the Corporate Secretary,
        External Auditor dan pihak terkait lainnya di Perusahaan.                           the External Auditor, and other relevant parties within
                                                                                            the Company.
4.      Seluruh        proses,       termasuk         perbedaan          pendapat,   4.     All proceedings, including any dissenting opinions, shall
        didokumentasikan dalam risalah rapat. Risalah rapat                                 be documented in meeting minutes. The minutes shall
        dibagikan kepada Komite Audit dan Dewan Komisaris.                                  be distributed to the Audit Committee members and the
                                                                                            Board of Commissioners.
5.      Kuorum rapat adalah minimal 2/3 anggota Komite Audit.                        5.     A quorum shall be achieved when at least two-thirds (2/3)
        Rapat ditunda jika kuorum tidak terpenuhi. Keputusan                                of the Audit Committee members are present. Meetings
        dapat diambil jika disetujui oleh lebih dari ½ anggota                              shall be postponed if the quorum requirement is not met.
        Komite Audit.                                                                       Resolutions may be adopted with the approval of more
                                                                                            than one-half (1/2) of the Audit Committee members.
6.      Keputusan Komite Audit dibuat berdasarkan musyawarah                         6.     Audit Committee resolutions shall be made based on
        dan mufakat.                                                                        deliberation and consensus.


Pelaksanaan Rapat Komite Audit                                                       Implementation of Audit Committee Meetings
Sepanjang tahun buku 2025, Komite Audit telah melaksanakan                           Throughout the 2025 financial year, the Audit Committee held
15 (lima belas) kali rapat, yang terdiri dari:                                       15 (fifteen) meetings, consisting of:
•       4 (empat) kali rapat bersama Dewan Komisaris;                                •      4 (four) meetings with the Board of Commissioners;
•       4 (empat) kali rapat bersama Audit Internal;                                 •      4 (four) meetings with Internal Audit;
•       2 (dua) kali rapat bersama Auditor Eksternal;                                •      2 (two) meetings with the External Auditor;
•       4 (empat) kali rapat bersama divisi lainnya; dan                             •      4 (four) meetings with other divisions; and
•       1 (satu) kali rapat internal Komite Audit.                                   •      1 (one) internal Audit Committee meetings.


Adapun rincian pelaksanaan rapat komite audit di sepanjang                           The details of the Audit Committee meetings held during the
tahun buku 2025 adalah sebagai berikut:                                              2025 financial year are as follows:




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Rapat Komite Audit bersama Dewan Komisaris
Audit Committee Meeting with the Board of Commissioners

        Tanggal                                           Agenda Rapat                                     Harry   Junarto          Bambang
           Date                                            Meeting Agenda                                  Danui   Tjahjadi        Dewandaru
 26 Juni 2025                Pengesahan Laporan Keuangan Tahun Buku 2024
                                                                                                             √        √                  √
 June 26, 2025               Approval of the Financial Statements for Fiscal Year 2024
 30 Juli 2025                Pengesahan Laporan Keuangan Triwulan I tahun buku 2025
                                                                                                             √        √                  √
 July 30, 2025               Approval of the First Quarter Financial Statements for Fiscal Year 2025
 30 Oktober 2025             Pengesahan Laporan Keuangan Triwulan II tahun buku 2025
                                                                                                             √        √                  √
 October 30, 2025            Approval of the Second Quarter Financial Statements for Fiscal Year 2025
 30 Januari 2026             Pengesahan Laporan Keuangan Triwulan III tahun buku 2025
 January 30, 2026            Approval of the Third Quarter Financial Statements for Fiscal Year 2025
                                                                                                             √        √                  √
 Tingkat Kehadiran (%)
 Attendance Rate (%)
                                                                                                            100      100                100


Rapat Komite Audit bersama Audit Internal
Audit Committee Meeting with Internal Audit
        Tanggal                                           Agenda Rapat                                     Harry   Junarto          Bambang
           Date                                            Meeting Agenda                                  Danui   Tjahjadi        Dewandaru
 27 Mei 2025                 Laporan Internal Audit Q2 1 Juli 2024 sampai 31 Maret 2025
                                                                                                             √        √                  √
 May 27, 2025                Internal Audit Report Q2 from 1 July 2024 to 31 March 2025
 14 Agustus 2025             Laporan Internal Audit Q1 30 Juni 2025
                                                                                                             √        √                  √
 August 14, 2025             Internal Audit Report Q1 as of 30 June 2025
 28 November 2025            Laporan Internal Audit Q2 30 September 2025
                                                                                                             √        √                  √
 November 28, 2025           Internal Audit Report Q2 as of 30 September 2025
 12 Maret 2026               Laporan Internal Audit Q3 31 Desember 2025
 March 12, 2026              Internal Audit Report Q3 as of 31 December 2025
                                                                                                             √        √                  √
 Tingkat Kehadiran (%)
 Attendance Rate (%)
                                                                                                            100      100                100


Rapat Komite Audit bersama Audit Eksternal
Audit Committee Meeting with External Audit

        Tanggal                                           Agenda Rapat                                     Harry   Junarto          Bambang
           Date                                            Meeting Agenda                                  Danui   Tjahjadi        Dewandaru
 24 Juni 2025                Pembahasan laporan audit EY atas Laporan Keuangan per 31 Maret 2025
                                                                                                             √        √                  √
 June 24, 2025               Discussion on EY's Audit Report on Financial Statements as of 31 March 2025
 27 Januari 2026             Pembahasan Rencana Audit Laporan Keuangan per 31 Maret 2026 - EY
 January 27, 2025            Discussion on EY's Audit Plan for Financial Statements as of 31 March 2026      √        √                  √
                             - EY
 Tingkat Kehadiran (%)
 Attendance Rate (%)
                                                                                                            100      100                100


Rapat Komite Audit bersama Divisi Finance
Audit Committee Meeting with Finance Divisions

        Tanggal                                           Agenda Rapat                                     Harry   Junarto          Bambang
           Date                                            Meeting Agenda                                  Danui   Tjahjadi        Dewandaru
 30 Juli 2025                Pembahasan Laporan Keuangan Triwulan I – 30 Juni 2025
                                                                                                             √        √                  √
 July 30, 2025               Discussion on the First Quarter Financial Statements – 30 June 2025
 25 Agustus 2025             Pembahasan Evaluasi KAP/AP
 August 25, 2025             Discussion on the Evaluation of the Public Accounting Firm and Public           √        √                  √
                             Accountant
 30 Oktober 2025             Pembahasan Laporan Keuangan Triwulan II – 30 September 2025
                                                                                                             √        √                  √
 October 30, 2025            Discussion on the Second Quarter Financial Statements – 30 September 2025
 29 Januari 2026             Pembahasan Laporan Keuangan Triwulan III – 31 Desember 2025
 january 29, 2026            Discussion on the Third Quarter Financial Statements – 31 December 2025
                                                                                                             √        √                  √
 Tingkat Kehadiran (%)
 Attendance Rate (%)
                                                                                                            100      100                100




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Page 202
 Ikhtisar 2025 | 2025 Highlights                                               Tata Kelola Perusahaan | Good Corporate Governance
 Laporan Manajemen | Management Report                                         Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                           Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Rapat Internal Komite Audit
Internal Meeting Audit Committee
        Tanggal                                             Agenda Rapat                                     Harry                  Junarto      Bambang
          Date                                              Meeting Agenda                                   Danui                  Tjahjadi    Dewandaru
 16 September 2025           Diskusi perihal Isu-isu Perseroan
 September 16, 2025          Discussion on Matters Relating to the Company
                                                                                                                 √                     √               √
 Tingkat Kehadiran (%)
 Attendance Rate (%)
                                                                                                                100                   100            100


Pelaksanaan Kegiatan Komite Audit                                              Implementation of Audit Committee Activities
Sepanjang tahun buku 2025, Komite Audit Perseroan telah                        Throughout the 2025 financial year, the Company's Audit
melaksanakan tugas-tugas berikut:                                              Committee carried out the following activities:
1.   Menelaah dan membahas Laporan Keuangan Perseroan                          1.     Reviewed and discussed the Company's Financial
     untuk tahun buku 2024 serta laporan triwulan pertama,                            Statements for the 2024 financial year, as well as the first,
     kedua, dan ketiga tahun buku 2025 bersama Divisi                                 second, and third quarter financial statements for the
     Finance, untuk kemudian mendapatkan persetujuan dari                             2025 financial year, together with the Finance Division,
     Direksi dan Dewan Komisaris sebelum laporan tersebut                             prior to obtaining approval from the Board of Directors
     disampaikan kepada pihak otoritas dan dipublikasikan                             and the Board of Commissioners before submission to the
     kepada publik.                                                                   relevant authorities and public disclosure.
2.   Membahas dan mengevaluasi kinerja kantor akuntan                          2.     Discussed and evaluated the performance of the Public
     publik terkait penugasan dan hasil audit atas Laporan                            Accounting Firm in relation to its engagement and audit
     Keuangan tahun buku 2024, serta melaporkan hasil                                 results for the 2024 financial year, and reported the
     evaluasi tersebut kepada Dewan Komisaris.                                        evaluation results to the Board of Commissioners.
3.   Menelaah dan membahas secara triwulanan laporan dan                       3.     Reviewed and discussed, on a quarterly basis, reports and
     temuan dari Internal Audit, termasuk tindak lanjut yang                          findings from Internal Audit, including follow-up actions
     dilakukan oleh Direksi atas temuan audit, pelaksanaan                            taken by the Board of Directors on audit findings, the
     penerapan GCG, serta kepatuhan Perseroan terhadap                                implementation of Good Corporate Governance (GCG),
     peraturan perundang-undangan yang berlaku, kemudian                              and the Company's compliance with applicable laws
     memberikan rekomendasi yang diperlukan.                                          and regulations, and provided recommendations where
                                                                                      necessary.
4.   Menyampaikan laporan pelaksanaan tugas secara berkala                     4.     Submitted periodic reports on the implementation of its
     kepada Dewan Komisaris.                                                          duties to the Board of Commissioners.
5.   Memberikan rekomendasi kepada Dewan Komisaris                             5.     Provided recommendations to the Board of Commissioners
     terkait penunjukan akuntan publik dan/atau kantor                                regarding the appointment of the public accountant and/or
     akuntan publik yang akan mengaudit Laporan Keuangan                              Public Accounting Firm to audit the Company's Financial
     Perseroan untuk tahun buku 2025.                                                 Statements for the 2025 financial year.
6.   Melakukan diskusi dan evaluasi efektivitas pengendalian                   6.     Discussed and evaluated the effectiveness of internal
     internal bersama Internal Audit guna memastikan sistem                           controls together with Internal Audit to ensure that the
     pengendalian berjalan dengan optimal.                                            internal control system operated effectively.
7.   Melakukan diskusi dan evaluasi kinerja setiap divisi,                     7.     Conducted          discussions         and       evaluations     of    the
     serta menyusun usulan dan rekomendasi tindak lanjut                              performance of each division and prepared proposals and
     yang dipandang perlu untuk disampaikan kepada Dewan                              recommendations for follow-up actions to be submitted
     Komisaris agar mendapatkan perhatian dan tindak lanjut                           to the Board of Commissioners for further consideration
     dari Direksi dalam pengelolaan Perseroan.                                        and direction to the Board of Directors in managing the
                                                                                      Company.




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Penilaian Kinerja Komite Audit                                          Performance Assessment of the Audit Committee
Dewan Komisaris melakukan evaluasi atas efektivitas                     The Board of Commissioners evaluates the effectiveness of the
pelaksanaan tugas Komite Audit untuk menilai sejauh mana                Audit Committee's performance to assess the extent to which
Komite Audit dapat mendukung fungsi pengawasan Dewan                    the Audit Committee supports the Board of Commissioners'
Komisaris, serta menjaga integritas proses pelaporan keuangan           oversight function and safeguards the integrity of the financial
dan kepatuhan terhadap regulasi yang berlaku.                           reporting process and compliance with applicable regulations.
Prosedur Penilaian Kinerja Komite Audit                                 Performance Assessment Procedure of the Audit
                                                                        Committee
Dewan Komisaris melakukan evaluasi kinerja Komite Audit                 The Board of Commissioners conducts an annual performance
setiap tahun menggunakan metode penilaian yang didasarkan               evaluation of the Audit Committee using an assessment method
pada pelaksanaan tugas dan tanggung jawab yang telah                    based on the implementation of its duties and responsibilities,
dilaksanakan beserta kriteria penilaian yang telah ditetapkan.          as well as the established evaluation criteria.


Kriteria Penilaian Kinerja Komite Audit                                 Performance Assessment Criteria of the Audit
                                                                        Committee
Berikut adalah kriteria yang digunakan dalam melakukan                  The following criteria are used to assess the performance of the
penilaian atas kinerja Komite Audit Perseroan:                          Company's Audit Committee:
1.    Pelaksanaan pengawasan atas laporan keuangan dan                  1.   Effectiveness of oversight over financial reporting and
      proses audit;                                                          audit processes.
2.    Efektivitas       pemantauan           manajemen   risiko   dan   2.   Effectiveness of monitoring risk management and internal
      pengendalian internal;                                                 control systems.
3.    Penelaahan atas kepatuhan hukum dan peraturan;                    3.   Review of compliance with applicable laws and regulations.
4.    Independensi dan objektivitas dalam pelaksanaan tugas;            4.   Independence and objectivity in carrying out duties and
      serta                                                                  responsibilities.
5.    Kualitas rekomendasi dan nasihat kepada Dewan                     5.   Quality of recommendations and advice provided to the
      Komisaris.                                                             Board of Commissioners.


Hasil Penilaian Kinerja Komite Audit                                    Results of the Performance Assessment of the Audit
                                                                        Committee
Berdasarkan prosedur dan kriteria penilaian kinerja yang                Based on the performance assessment procedures and
diterapkan pada tahun buku 2025, masing-masing anggota                  criteria applied during the 2025 financial year, each member
Komite Audit telah menjalankan tugas dan tanggung jawabnya              of the Audit Committee performed his or her duties and
dengan baik.                                                            responsibilities satisfactorily.




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Page 204
 Ikhtisar 2025 | 2025 Highlights                                        Tata Kelola Perusahaan | Good Corporate Governance
 Laporan Manajemen | Management Report                                  Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                    Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Pedoman Perilaku
Code of Conduct



Pedoman Perilaku Perseroan merupakan acuan utama dalam                  The Company's Code of Conduct serves as the primary guideline
mengatur tata kelola dan hubungan antara manajemen,                     governing corporate governance practices and relationships
karyawan, dan pemangku kepentingan eksternal. Pedoman ini               among management, employees, and external stakeholders.
bertujuan memastikan bahwa setiap tindakan dan keputusan                The Code is intended to ensure that all actions and decisions
yang diambil selaras dengan nilai integritas, transparansi, serta       are aligned with the principles of integrity, transparency, and
kepatuhan terhadap hukum dan regulasi yang berlaku.                     compliance with applicable laws and regulations.


POKOK-POKOK PEDOMAN PERILAKU                                            KEY PRINCIPLES OF THE CODE OF CONDUCT
Pedoman Perilaku Perseroan memuat prinsip dan ketentuan                 The Company's Code of Conduct outlines the principles and
yang harus dipatuhi oleh seluruh pihak yang terlibat dalam              provisions that must be observed by all parties involved in the
pengelolaan operasional, bisnis, serta hubungan dengan                  Company's operations, business activities, and stakeholder
pemangku kepentingan, antara lain:                                      relationships, including the following:
1.   Kondisi Tempat Kerja Ideal                                         1.     Ideal Workplace Conditions
     •      Menghormati hak asasi manusia dan privasi.                         •      Respect human rights and privacy.
     •      Melarang diskriminasi dan pelecehan seksual.                       •      Prohibit discrimination and sexual harassment.
     •      Menciptakan lingkungan kerja aman, sehat, dan                      •      Foster a safe, healthy, and comfortable working
            nyaman.                                                                   environment.
     •      Mendorong budaya kerja kolaboratif dan profesional.                •      Promote a collaborative and professional work
                                                                                      culture.
2.   Kualitas, Keselamatan, Kesehatan, dan Lingkungan                   2.     Quality, Safety, Health, and Environment (QSHE)
     (QSHE)
     •      Kepatuhan terhadap standar QSHE.                                   •      Comply with QSHE standards and requirements.
     •      Pencegahan kecelakaan kerja dan pencemaran                         •      Prevent workplace accidents and environmental
            lingkungan.                                                               pollution.
     •      Promosi kesehatan fisik dan mental karyawan.                       •      Promote the physical and mental well-being of
                                                                                      employees.
3.   Aset-Aset Perusahaan                                               3.     Company Assets
     •      Penggunaan aset (fisik, TI, kekayaan intelektual)                  •      Use Company assets, including physical assets,
            secara efisien dan sesuai aturan.                                         information technology resources, and intellectual
                                                                                      property, efficiently and in accordance with
                                                                                      applicable policies.
     •      Larangan pencurian atau penyalahgunaan aset.                       •      Prohibit theft, misuse, or unauthorized use of
                                                                                      Company assets.
     •      Perlindungan hak kekayaan intelektual.                             •      Protect intellectual property rights.
4.   Kualitas Produk & Layanan                                          4.     Product and Service Quality
     •      Menyediakan produk/jasa terbaik untuk kepuasan                     •      Provide high-quality products and services to ensure
            pelanggan.                                                                customer satisfaction.
     •      Komplain pelanggan dianggap sebagai masukan                        •      Treat customer complaints as valuable feedback for
            berharga untuk perbaikan.                                                 continuous improvement.
     •      Menyampaikan informasi produk/jasa secara jujur                    •      Provide        accurate,        honest,     and     transparent
            dan transparan.                                                           information regarding products and services.
     •      Tidak mencemarkan reputasi pesaing (menghindari                    •      Refrain from actions that may harm the reputation
            praktik negatif seperti black campaign).                                  of competitors, including negative campaigning or
                                                                                      other unfair business practices.


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      •      Melakukan          audit        internal/eksternal    untuk         •    Conduct internal and external audits to ensure that
             memastikan prosedur bisnis sesuai hukum dan                              business processes comply with applicable laws,
             regulasi perusahaan.                                                     regulations, and Company policies.
5.    Perdagangan Saham oleh Orang Dalam                                    5.   Insider Trading
      Karyawan dilarang melakukan perdagangan saham                              Employees are prohibited from trading securities based
      berdasarkan informasi internal.                                            on non-public or confidential Company information.
6.    Kerahasiaan atas Hak dan Kekayaan Intelektual                         6.   Confidentiality and Intellectual Property Rights
      •      Tidak        mengungkapkan            informasi      rahasia        •    Maintain     the     confidentiality    of    Company
             Perusahaan.                                                              information.
      •      Melindungi data pribadi dan dokumen Perusahaan.                     •    Protect personal data and Company documents
                                                                                      from unauthorized disclosure or misuse.
7.    Hukum Kompetisi                                                       7.   Competition Law
      Menghindari praktik kartel, monopoli, atau pengaturan                      Avoid cartel practices, monopolistic conduct, price-fixing
      harga.                                                                     arrangements, or other anti-competitive activities.
8.    Pemberian dan Perjamuan bisnis di Luar Jam Kerja                      8.   Business Gifts and Entertainment Outside Working Hours
      Larangan menerima/memberi hadiah atau uang yang                            Prohibit the giving or receiving of gifts, hospitality, money,
      dapat mempengaruhi keputusan bisnis.                                       or other benefits that may influence business decisions.
9.    Konflik Kepentingan                                                   9.   Conflict of Interest
      Karyawan harus menghindari kepentingan pribadi yang                        Employees must avoid personal interests that may conflict
      bertentangan dengan Perusahaan.                                            with the interests of the Company.
10. Aktivitas Pengadaan                                                     10. Procurement Activities
      •      Seleksi vendor melalui proses transparan.                           •    Conduct vendor selection through a transparent
                                                                                      process.
      •      Larangan interaksi langsung antara pengguna dan                     •    Restrict direct interactions between end users and
             vendor.                                                                  vendors where required by procurement procedures.
      •      Penandatanganan pakta integritas oleh vendor.                       •    Require vendors to sign an integrity pact.
11. Hubungan dengan Masyarakat                                              11. Community Relations
      •      Kontribusi sosial dan kepatuhan terhadap hukum                      •    Contribute positively to society and comply with
             lingkungan.                                                              environmental laws and regulations.
      •      Larangan donasi atau pemberian kepada partai                        •    Prohibit donations or contributions to political
             politik/ pemerintah untuk kepentingan bisnis.                            parties or government officials for business-related
                                                                                      purposes.


SOSIALISASI DAN UPAYA PENEGAKAN                                             SOCIALIZATION AND ENFORCEMENT OF THE
PEDOMAN PERILAKU                                                            CODE OF CONDUCT
Perseroan telah melaksanakan sosialisasi Pedoman Perilaku                   The Company has disseminated the Code of Conduct to
kepada seluruh anggota Dewan Komisaris, Direksi, dan                        all members of the Board of Commissioners, the Board
karyawan melalui berbagai saluran komunikasi internal.                      of Directors, and employees through various internal
Sosialisasi tersebut mencakup program orientasi untuk                       communication channels. Such dissemination includes
karyawan baru, penyampaian informasi melalui video,                         orientation programs for new employees, informational
serta distribusi informasi melalui email blasting dan media                 videos, email communications, and other relevant internal
komunikasi internal lainnya yang relevan.                                   communication media.


Selain itu, Perseroan juga melakukan penegakan Pedoman                      In addition, the Company enforces the Code of Conduct
Perilaku dengan menyediakan saluran whistleblowing system.                  through the implementation of a whistleblowing system.
Berdasarkan upaya tersebut, tidak terdapat pelanggaran                      Based on these efforts, there were no violations of the Code
terhadap Pedoman Perilaku yang dilakukan oleh karyawan                      of Conduct by employees or management during the 2025
maupun manajemen Perseroan selama tahun buku 2025.                          financial year.




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 Ikhtisar 2025 | 2025 Highlights                                        Tata Kelola Perusahaan | Good Corporate Governance
 Laporan Manajemen | Management Report                                  Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                    Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




PEMBERLAKUAN PEDOMAN PERILAKU                                           IMPLEMENTATION OF THE CODE OF
                                                                        CONDUCT
Pedoman Perilaku Perseroan berlaku bagi seluruh individu                The Company's Code of Conduct applies to all individuals
yang terlibat dalam operasional Perusahaan, termasuk anggota            involved in the Company's operations, including members of
Dewan Komisaris, Direksi, dan seluruh karyawan.                         the Board of Commissioners, the Board of Directors, and all
                                                                        employees.



Kebijakan Antikorupsi
Anti-Corruption Policy


PROGRAM DAN PROSEDUR ANTIKORUPSI                                        ANTI-CORRUPTION PROGRAMS AND
                                                                        PROCEDURES
Perseroan memiliki peraturan antikorupsi yang dibuat untuk              The Company has established an Anti-Corruption Policy to
memastikan kepatuhan terhadap Standar Perilaku Perusahaan               ensure compliance with the Standards of Conduct of Hitachi
Hitachi Construction Machinery Co., Ltd. (HCM) Jepang                   Construction Machinery Co., Ltd. (HCM) Japan and the HCM
dan Kode Etik Grup HCM Jepang, yang mengarahkan bahwa                   Group Code of Ethics. These standards require all HCM Group
setiap karyawan grup HCM Jepang harus bertindak sesuai                  employees to act in accordance with applicable laws and ethical
aturan hukum dan kejujuran perusahaan yang etis melalui                 business principles by conducting business lawfully and in
menjalankan bisnis secara sah dan sesuai dengan Undang-                 compliance with both domestic and international anti-bribery
undang Antisuap dalam dan luar negeri.                                  laws.


Istilah “korupsi” dalam Peraturan ini meliputi setiap tindakan          Under this Policy, the term “corruption” includes any act of
memberi, atau menawarkan atau menjanjikan untuk memberi,                giving, offering, promising to give, or authorizing the giving
atau mengizinkan pemberian, uang atau sesuatu yang berharga,            of money or anything of value, directly or indirectly, to obtain
secara langsung atau tidak langsung, untuk memperoleh                   an improper business advantage or benefit for the purpose of:
keuntungan atau keuntungan yang tidak adil dalam bisnis,
untuk tujuan:
a.   Mempengaruhi tindakan atau keputusan resmi siapapun;               a.      Influencing the actions or official decisions of any person;
b.   Mendorong suatu tindakan atau kelalaian yang melanggar             b.      Inducing a person to act or refrain from acting in violation
     kewajiban sah seseorang, atau                                              of their lawful duties; or
c.   Membujuk siapapun untuk menggunakan pengaruhnya                    c.      Influencing a person to use their position or influence to
     untuk mempengaruhi tindakan atau keputusan resmi                           affect the actions or decisions of a public official.
     pejabat publik.


LANGKAH-LANGKAH MENCEGAH PRAKTIK                                        MEASURES TO PREVENT CORRUPTION
KORUPSI                                                                 PRACTICES
a.   Kontrak dengan Mitra Bisnis                                        a.      Contracts with Business Partners
      Sebelum membuat kontrak dengan Mitra Bisnis,                              Before entering into a contract with a business partner,
      persetujuan harus diperoleh dari manajer yang berwenang                   approval must be obtained from the authorized manager
      setelah meninjau integritas Mitra Bisnis, riwayat bisnis,                 following a review of the business partner’s integrity,
      dan hubungan dengan Pejabat Publik (yaitu proses uji                      business history, and relationship with public officials
      tuntas), dan legalitas serta kesesuaian ketentuan kontrak                 (due diligence process), as well as an assessment of
      dengan Pedoman yang berlaku;                                              the legality and compliance of the contract terms with
                                                                                applicable guidelines.




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b.    Pembayaran kepada Mitra Usaha                                       b.   Payments to Business Partners
      Sebelum pembayaran komisi atau biaya kompensasi                          Before any commission or compensation payment is
      kepada mitra usaha, persetujuan harus diperoleh dari                     made to a business partner, approval must be obtained
      manajer yang berwenang setelah mengevaluasi kesesuaian                   from the authorized manager after evaluating whether
      rincian pembayaran dengan Pedoman yang berlaku;                          the payment details comply with applicable guidelines.


c.    Hiburan dan Hadiah                                                  c.   Entertainment and Gifts
       Menawarkan hiburan dan hadiah kepada pihak luar, baik                   The offering of entertainment and gifts to external
       pejabat publik atau bukan, atau sebaliknya karyawan                     parties, whether public officials or non-public officials, as
       menerima pemberian dari pihak luar harus mematuhi                       well as the acceptance of gifts or benefits by employees
       ketentuan UndangUndang Antipenyuapan dan pedoman                        from external parties, must comply with applicable anti-
       yang berlaku;                                                           bribery laws and internal guidelines.


d.    Kontribusi Amal atau Politik                                        d.   Charitable and Political Contributions
       Memberikan sumbangan amal atau politik harus                            Any charitable or political contribution must be made in
       mematuhi         Undang-Undang            Antipenyuapan     dan         compliance with applicable anti-bribery laws and internal
       pedoman yang berlaku;                                                   guidelines.


e.    Mempekerjakan Mantan Pejabat Publik atau Pejabat                    e.   Employment of Former or Current Public Officials
      Publik yang Masih Aktif
       Mempekerjakan atau mendiskusikan kemungkinan                            The employment of, or discussions regarding employment
       pekerjaan atau hubungan konsultasi dengan mantan                        or consultancy arrangements with, former public officials,
       pejabat publik atau pejabat publik yang masih aktif atau                current public officials, or their family members must
       anggota keluarga mereka harus mematuhi Undang-                          comply with applicable anti-bribery laws and internal
       Undang Antipenyuapan dan pedoman yang berlaku;                          guidelines.


f.    Uang Pelicin                                                        f.   Facilitation Payments
       Uang pelicin dilarang berdasarkan peraturan ini dengan                  Facilitation payments are prohibited under this Policy,
       pengecualian pada kasus berikut:                                        except in the following circumstances:
       1.     Karyawan         dihadapkan        pada   bahaya    yang          1.   The employee faces an immediate threat to life or
              mengancam jiwa mereka; atau                                            personal safety; or
       2.     Pejabat publik dapat memberikan tanda terima                      2.   The public official provides an official receipt or
              resmi atau konfirmasi tertulis tentang legalitasnya.                   written confirmation demonstrating the legality of
                                                                                     the payment.


Karyawan yang memberikan uang pelicin harus melapor ke                    Employees who make a facilitation payment under the
Departemen Legal segera mungkin. Semua uang pelicin harus                 permitted exceptions must report the matter to the Legal
didokumentasikan secara akurat dalam catatan keuangan dan                 Department as soon as possible. All facilitation payments
akuntansi.                                                                must be accurately recorded in the Company's financial and
                                                                          accounting records.


PELATIHAN DAN SOSIALISASI ANTI KORUPSI                                    ANTI-CORRUPTION TRAINING AND
                                                                          AWARENESS PROGRAMS
Untuk memastikan kepatuhan karyawan terhadap Undang-                      To ensure employee compliance with anti-bribery laws, the
Undang Antipenyuapan, Departemen Legal bekerja sama                       Legal Department, in collaboration with the Human Capital
dengan Divisi HC menyelenggarakan program pendidikan                      (HC) Division, continuously conducts education and training
dan     pelatihan        terkait     kebijakan    antikorupsi    secara   programs related to the Company's anti-corruption policies.
berkesinambungan.




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Page 208
 Ikhtisar 2025 | 2025 Highlights                                          Tata Kelola Perusahaan | Good Corporate Governance
 Laporan Manajemen | Management Report                                    Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                      Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Sistem Pelaporan Pelanggaran                                           [2-26]

Whistleblowing System




Whistleblowing System adalah sistem yang dikelola secara                  The Whistleblowing System is a confidential and independent
rahasia dan independen untuk menerima dan menangani                       mechanism established to receive and address reports of alleged
pengaduan atas dugaan pelanggaran terhadap peraturan                      violations of Company regulations by employees. It is intended
Perusahaan oleh pekerja, guna mendorong partisipasi                       to encourage active participation in fostering a compliant and
aktif dalam menciptakan lingkungan kerja yang patuh dan                   ethical work environment.
berintegritas.


DASAR HUKUM                                                               LEGAL BASIS
Dasar hukum mengenai penerapan sistem pelaporan                           The implementation of the Company's Whistleblowing System
pelanggaran Perseroan mengacu pada ketentuan internal                     is based on the following internal regulations:
berikut:
1.   SK Direksi No. 072/SK-DIR/2016 tentang Pedoman                       1.     Board of Directors Decree No. 072/SK-DIR/2016
     Pelaporan Whistleblowing System;                                            concerning the Whistleblowing System Guidelines;
2.   Pedoman Perilaku Perseroan;                                          2.     The Company's Code of Conduct;
3.   Perjanjian Kerja Bersama (PKB) Perseroan; dan                        3.     The Company's Collective Labor Agreement (CLA); and
4.   Peraturan terkait Internal Control Perseroan.                        4.     The Company's Internal Control policies.


PENERAPAN SISTEM PELAPORAN                                                IMPLEMENTATION OF THE WHISTLEBLOWING
PELANGGARAN                                                               SYSTEM
Penerapan Sistem Pelaporan Pelanggaran bertujuan untuk                    The Whistleblowing System is designed to facilitate the
memfasilitasi pelaporan pelanggaran yang terjadi di Perusahaan.           reporting of violations occurring within the Company. Types
Jenis pelanggaran yang dapat dilaporkan melalui Whistleblowing            of violations that may be reported through the Whistleblowing
System antara lain mencakup, namun tidak terbatas pada:                   System include, but are not limited to:




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1.    Korupsi, kolusi dan nepotisme (KKN);                        1.   Corruption, collusion, and nepotism;
2.    Suap;                                                       2.   Bribery;
3.    Gratifikasi (pemberian pihak ketiga kepada pekerja);        3.   Gratification (gifts or benefits provided by third parties to
                                                                       employees);
4.    Pencurian;                                                  4.   Theft;
5.     Penggelapan dan penipuan;                                  5.   Embezzlement and fraud;
6.    Pemalsuan dokumen;                                          6.   Document forgery;
7.    Melanggar hukum dan peraturan Perusahaan;                   7.   Violations of laws and Company regulations;
8.    Benturan Kepentingan;                                       8.   Conflicts of interest;
9.    Pelecehan;                                                  9.   Harassment;
10. Pemerasan;                                                    10. Extortion;
11. Perbuatan Curang; dan                                         11. Fraudulent acts; and
12. Permintaan hadiah atau Fasilitas Khusus.                      12. Requests for gifts or special favors.


PROSEDUR PENYAMPAIAN LAPORAN                                      PROCEDURES FOR SUBMITTING A REPORT
PELANGGARAN
Laporan pelanggaran harus disampaikan secara lengkap              Reports must be submitted clearly and comprehensively
dan jelas agar dapat ditindaklanjuti dengan baik. Informasi       to enable proper follow-up. At a minimum, the following
minimum yang perlu disampaikan oleh pelapor mencakup              information should be provided:
hal-hal berikut:
1.    Data diri pelapor                                           1.   Reporter Information
       Sekurang-kurangnya memuat: nama, cabang/project/                At a minimum, the report should include the reporter's
       departemen/instansi atau perusahaan, jabatan, nomor             name,       branch/project/department/institution            or
       yang bisa dihubungi, email.                                     company, position, contact number, and email address.
2.    Masalah yang diadukan                                       2.   Description of the Reported Issue
      a.     Pokok       pengaduan/pengungkapan    dan   jumlah        a.   A clear description of the reported allegation and the
             kerugian (Apabila bisa ditentukan).                            estimated amount of loss, if applicable.
      b.     Setiap pengaduan hanya ditujukan pada satu                b.   Each report should relate to only one issue or case.
             masalah/ kasus.
3.    Pihak yang terlibat                                         3.   Parties Involved
       Dalam pengaduan wajib menjelaskan siapa yang                    The report must identify the individuals responsible for
       seharusnya bertanggung jawab atas kejadian tersebut             the incident, any witnesses, and the parties who benefited
       termasuk saksi dan siapa/pihak mana yang diuntungkan/           from or were adversely affected by the incident.
       dirugikan.
4.    Lokasi Kejadian                                             4.   Location of the Incident
       Lokasi dimana kejadian tersebut terjadi, dengan spesifik        The report should specify where the incident occurred,
       menyebutkan nama tempat atau departemen/cabang/                 including the relevant location, department, branch, or
       project yang terkait.                                           project.
5.    Waktu Kejadian                                              5.   Time of the Incident
       Periode kejadian dari masalah tersebut baik berupa              The report should indicate when the incident occurred,
       tanggal, bulan dan tahun tertentu saat masalah tersebut         including the relevant date, month, and year, if known.
       terjadi.
6.    Bagaimana terjadinya dan sebutkan buktinya.                 6.   How the incident occurred and any supporting evidence.
7.    Apakah kasus ini pernah dilaporkan kepada pihak lain.       7.   Whether the case has previously been reported to another
                                                                       party.
8.    Apakah kasus ini pernah terjadi sebelumnya.                 8.   Whether a similar incident has occurred previously.




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 Ikhtisar 2025 | 2025 Highlights                                                   Tata Kelola Perusahaan | Good Corporate Governance
 Laporan Manajemen | Management Report                                             Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                               Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




SALURAN DAN MEKANISME PELAPORAN                                                    REPORTING CHANNELS AND MECHANISM
Laporan atas dugaan pelanggaran dapat disampaikan melalui                          Reports of alleged violations may be submitted through the
saluransaluran berikut dengan tetap menjamin kerahasiaan                           following channels while ensuring the confidentiality of the
pelapor:                                                                           reporter:
1.   Metode pelaporan dapat menggunakan:                                           1.     Reporting Methods
      a.     Pertemuan langsung.                                                          a.     Direct meeting;
      b.     Hotline: 021-4611688 ext 397                                                 b.     Hotline: 021-4611688 ext. 397;
      c.     Email: hapwb@hexindo-tbk.co.id                                               c.     Email: hapwb@hexindo-tbk.co.id;
      d.     Intranet/Website Perusahaan.                                                 d.     Company Intranet/Website.
2.   Setiap      Laporan        yang      diberikan       akan        dilaporkan   2.     All reports received will be reviewed and processed further
     dan diproses lebih lanjut melalui koordinasi dengan                                  in coordination with the Internal Audit Department.
     Departemen Internal Audit; dan
3.   Apabila pihak yang dilaporkan terbukti melakukan                              3.     If the reported party is found to have violated Company
     pelanggaran terhadap peraturan perusahaan, maka                                      regulations, appropriate actions will be taken in
     akan ditindak lanjuti sesuai ketentuan Perusahaan yang                               accordance with the applicable Company policies and
     berlaku.                                                                             procedures.


PERLINDUNGAN BAGI PELAPOR                                                          PROTECTION FOR WHISTLEBLOWERS
Perusahaan berkomitmen untuk memberikan perlindungan yang                          The Company is committed to providing maximum protection
maksimal kepada pelapor sebagai bagian dari upaya menciptakan                      to whistleblowers as part of its efforts to maintain a fair and
lingkungan kerja yang adil dan transparan, antara lain:                            transparent work environment, including:
1.   Perlindungan kerahasiaan identitas whistleblower;                             1.     Protection         of     the     whistleblower's       identity     and
                                                                                          confidentiality;
2.   Perlindungan dari tindakan balasan dari pihak yang                            2.     Protection against retaliation by the reported party in
     dilaporkan/ terlapor yang berhubungan dengan aktivitas                               relation to employment activities, including protection
     pekerjaan (Perlindungan dari tekanan, penundaan                                      from intimidation, delayed promotion, or termination;
     promosi, pemecatan); dan                                                             and
3.   Apabila Pelapor terlibat atas pelanggaran, namun tetap                        3.     If a whistleblower is involved in the reported violation
     beritikad baik untuk mengungkapkan penyimpangan,                                     but acts in good faith to disclose the misconduct, the
     maka Pelapor tersebut akan dipertimbangkan untuk                                     whistleblower may be considered for a reduction of
     mendapatkan             pengurangan            sanksi       administratif            administrative sanctions. Any decision regarding such
     Perusahaan, dalam hal ini pengurangan sanksi administratif                           reduction shall be at the sole discretion of the Board of
     tersebut akan menjadi wewenang BOD sepenuhnya.                                       Directors.


PENGELOLA WBS DAN MEKANISME                                                        WBS ADMINISTRATION AND COMPLAINT
PENANGANAN PENGADUAN                                                               HANDLING MECHANISM
Proses penanganan pengaduan dalam sistem whistleblowing                            The complaint-handling process under the Company's
perusahaan dimulai dengan penyampaian laporan indikasi                             Whistleblowing System begins with the submission of a report
pelanggaran oleh pelapor. Laporan yang diterima kemudian                           of an alleged violation by the whistleblower. Reports received
akan diperiksa oleh Audit Internal untuk memastikan apakah                         are reviewed by Internal Audit to determine whether the
pelanggaran yang dilaporkan sesuai dengan ketentuan dan                            reported violation is valid and in accordance with applicable
peraturan yang berlaku di perusahaan.                                              Company regulations and policies.

Apabila laporan tersebut dinyatakan valid, Audit Internal akan                     If the report is deemed valid, Internal Audit submits the
menyerahkan hasil pemeriksaan kepada Komite Kepatuhan                              findings to the Compliance and Risk Management Committee
dan Manajemen Risiko untuk ditindaklanjuti lebih lanjut.                           for further review. The Committee is responsible for providing
Komite Kepatuhan dan Manajemen Risiko memiliki tugas                               recommendations that serve as the basis for decision-making
untuk memberikan rekomendasi yang akan menjadi dasar bagi                          by the Board of Directors.
pengambilan keputusan oleh Direksi.



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Setelah mempertimbangkan rekomendasi yang diberikan oleh                    After considering the Committee's recommendations, the
Komite, Direksi akan mengambil keputusan yang tepat terkait                 Board of Directors determines the appropriate sanctions based
sanksi yang sesuai dengan jenis pelanggaran yang ditemukan.                 on the nature of the violation identified. The Board's decision
Keputusan Direksi mengenai sanksi tersebut kemudian                         is then communicated to the reported party for follow-up in
disampaikan kepada terlapor untuk dilakukan tindak lanjut                   accordance with the applicable procedures.
sesuai prosedur yang berlaku.


TINDAK LANJUT LAPORAN PELANGGARAN                                           FOLLOW-UP ON WHISTLEBLOWING REPORTS
PADA TAHUN BUKU 2025                                                        IN THE 2025 FINANCIAL YEAR
Sepanjang tahun buku 2025, Perseroan menerima sebanyak 10                   During the 2025 financial year, the Company received ten (10)
(sepuluh) laporan pelanggaran melalui saluran Whistleblowing                reports through the Whistleblowing System. All reports were
System. Seluruh laporan telah selesai ditindaklanjuti sesuai                fully addressed and resolved in accordance with the Company's
dengan kebijakan dan prosedur penanganan pengaduan yang                     complaint-handling policies and procedures.
berlaku di lingkungan Perseroan.


Rekap Sistem Pelaporan Pelanggaran Tahun Fiskal 2025
Fiscal Year 2025 Violation Reporting System Recap
                                             Kategori Laporan                               Tanggal Laporan         Status Penyelesaian
 No
                                              Reports Category                                   Report Date          Completion Status
         Korupsi, kolusi dan nepotisme (KKN)                                             2 Juli 2025               Ditindaklanjuti - selesai
   1
         Corruption, Collusion, and Nepotism                                             July 2, 2025              Followed Up - Completed
         Melanggar Peraturan Perundang-Undangan atau Peraturan Perusahaan                14 Juli 2025              Ditindaklanjuti - selesai
   2     Violation of Laws and Regulations or Company Policies                           July 14, 2025             Followed Up - Completed
         Melanggar Peraturan Perundang-Undangan atau Peraturan Perusahaan                4 September 2025          Ditindaklanjuti - selesai
   3     Violation of Laws and Regulations or Company Policies                           September 4, 2025         Followed Up - Completed
         Melanggar Peraturan Perundang-Undangan atau Peraturan Perusahaan                22 September 2025         Ditindaklanjuti - selesai
   4     Violation of Laws and Regulations or Company Policies                           September 22, 2025        Followed Up - Completed
         Melanggar Peraturan Perundang-Undangan atau Peraturan Perusahaan                17 Oktober 2025           Ditindaklanjuti - selesai
   5     Violation of Laws and Regulations or Company Policies                           October 17, 2025          Followed Up - Completed
         Peyalahgunaan kekuasaan                                                         3 Oktober 2025            Ditindaklanjuti - selesai
   6     Abuse of Authority                                                              October 3, 2025           Followed Up - Completed
         Melanggar Peraturan Perundang-Undangan atau Peraturan Perusahaan                10 November 2025          Ditindaklanjuti - selesai
   7     Violation of Laws and Regulations or Company Policies                           November 10, 2025         Followed Up - Completed
         Melanggar Peraturan Perundang-Undangan atau Peraturan Perusahaan                28 November 2025          Ditindaklanjuti - selesai
   8     Violation of Laws and Regulations or Company Policies                           November 28, 2025         Followed Up - Completed
         Pelecehan                                                                       22 Januari 2026           Ditindaklanjuti - selesai
   9     Harassment                                                                      January 22, 2026          Followed Up - Completed
         Perbuatan Curang                                                                10 Februari 2026          Ditindaklanjuti - selesai
  10     Fraudulent Acts                                                                 February 10, 2026         Followed Up - Completed




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 Ikhtisar 2025 | 2025 Highlights                                             Tata Kelola Perusahaan | Good Corporate Governance
 Laporan Manajemen | Management Report                                       Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                         Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Sistem Pengendalian Internal
Internal Control System



Sistem Pengendalian Internal Perseroan mencakup seluruh                      The Company's Internal Control System encompasses all
kebijakan, prosedur, dan aktivitas pengawasan yang diterapkan                policies, procedures, and monitoring activities that are
secara terintegrasi pada setiap fungsi operasional. Tujuannya                implemented in an integrated manner across all operational
adalah untuk memastikan efektivitas dan efisiensi operasional,               functions. Its purpose is to ensure operational effectiveness and
keandalan pelaporan keuangan, serta kepatuhan terhadap                       efficiency, the reliability of financial reporting, and compliance
peraturan dan perundang-undangan yang berlaku.                               with applicable laws and regulations.


PENGENDALIAN KEUANGAN DAN                                                    FINANCIAL AND OPERATIONAL CONTROLS,
OPERASIONAL, SERTA KEPATUHAN TERHADAP                                        AND COMPLIANCE WITH REGULATIONS
REGULASI
Sistem pengendalian internal Perseroan mengacu pada                          The Company's Internal Control System is based on the
Internal Control - Integrated Framework yang dikembangkan                    Internal Control – Integrated Framework developed by the
oleh Committee of Sponsoring Organizations of the Treadway                   Committee of Sponsoring Organizations of the Treadway
Commission (COSO). Kerangka kerja ini menetapkan 3 (tiga)                    Commission (COSO). This framework establishes three (3)
tujuan utama pengendalian internal, yaitu:                                   primary objectives of internal control:
1.   Efektivitas dan efisiensi operasional;                                  1.     Effectiveness and efficiency of operations;
2.   Keandalan pelaporan keuangan; dan                                       2.     Reliability of financial reporting; and
3.   Kepatuhan terhadap peraturan serta ketentuan yang                       3.     Compliance with applicable laws, regulations, and
     berlaku.                                                                       requirements.

Untuk      mencapai         tujuan      tersebut,      framework      COSO   To achieve these objectives, the COSO framework identifies
mengidentifikasi 5 (lima) komponen utama pengendalian                        five (5) key components of internal control:
internal, yaitu:
1.   Lingkungan Pengendalian;                                                1.     Control Environment;
2.   Penilaian Risiko;                                                       2.     Risk Assessment;
3.   Aktivitas Pengendalian;                                                 3.     Control Activities;
4.   Informasi dan Komunikasi; dan                                           4.     Information and Communication; and
5.   Pemantauan.                                                             5.     Monitoring Activities.


Dalam penerapannya, Perseroan mengikuti kebijakan dari                       In implementing its Internal Control System, the Company
Hitachi Construction Machinery (HCM) Jepang sebagai entitas                  follows the policies established by Hitachi Construction
induk, yang mewajibkan setiap entitas anak untuk menerapkan                  Machinery (HCM) Japan as the parent company. These policies
sistem pengendalian internal berbasis J-SOX (Japanese                        require each subsidiary to implement a J-SOX (Japanese
Sarbanes-Oxley).                                                             Sarbanes-Oxley) based internal control system.


J-SOX merupakan sistem pengendalian internal berbasis                        J-SOX is a risk-based internal control framework that covers
risiko yang mencakup proses pada level entitas, level bisnis,                entity-level controls, business process controls, financial
pelaporan keuangan, dan teknologi informasi (TI). Sistem ini                 reporting controls, and information technology (IT) controls.
dirancang untuk mendukung terciptanya proses manajemen                       The system is designed to support effective and efficient
yang efektif dan efisien.                                                    management processes throughout the organization.




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                                                                                                                                      03

Struktur Pengendalian Internal Berbasis J-SOX
Internal Control Structure Based on J-SOX

                                                              Level Entitas
                                                               Entity-Level


                                                              Level Bisnis
                                                              Business-Level


                                                                Level TI
                                                                 IT-Level


Tujuan utama penerapan pengendalian internal berbasis                  The primary objective of implementing the J-SOX-based
J-SOX adalah untuk memitigasi potensi kerugian akibat risiko           internal control system is to mitigate potential losses arising
operasional melalui identifikasi potensi risiko dan penerapan          from operational risks through the identification of potential
pengendalian atas setiap aktivitas transaksi. Sebagai entitas          risks and the implementation of controls over all transaction
anak yang diklasifikasikan ke dalam Kategori 1 dalam Grup              activities. As a subsidiary classified as a Category 1 entity within
Hitachi, Perseroan wajib menerapkan pengendalian internal              the Hitachi Group, the Company is required to implement
yang mencakup:                                                         internal controls covering the following areas:
1.    Pengendalian Proses Level Entitas                                1.      Entity-Level Process Controls
      Pengendalian ini dilaksanakan berdasarkan prinsip-                       These controls are implemented based on the principles
      prinsip       GCG,       dan      mencerminkan   peningkatan             of Good Corporate Governance (GCG) and reflect the
      berkelanjutan atas kepatuhan kinerja dari setiap                         Company's commitment to continuously improving
      divisi, departemen cabang, maupun proyek. Dalam                          compliance and performance across all divisions,
      pelaksanaannya,            Perseroan    memberikan    ruang              branch departments, and project units. In practice, the
      partisipasi kepada karyawan melalui whistleblowing                       Company encourages employee participation through
      system guna mengoptimalkan pengawasan terhadap                           its whistleblowing system to enhance oversight of
      risiko, baik dari aspek keuangan maupun nonkeuangan.                     both financial and non-financial risks. The Company's
      Komitmen Perseroan terhadap GCG juga tercermin                           commitment to GCG is also demonstrated through the
      dalam pelaksanaan Pedoman Perilaku yang diterapkan                       consistent implementation of its Code of Conduct at all
      secara konsisten di seluruh jenjang manajemen.                           levels of management.
2.    Pengendalian Proses Level Bisnis                                 2.      Business Process Controls
      Pada tahun buku 2025, pengawasan difokuskan pada                         During the 2025 financial year, oversight was focused
      proses bisnis utama, yang mencakup aktivitas penjualan,                  on key business processes, including sales, inventory,
      persediaan, piutang, dan pelaporan keuangan. Dalam                       accounts receivable, and financial reporting activities.
      penyusunan laporan keuangan, Perseroan senantiasa                        In preparing its financial statements, the Company
      mengacu pada standar akuntansi yang berlaku.                             consistently adheres to applicable accounting standards.
3.    Pengendalian Proses Level TI                                     3.      Information Technology (IT) Controls
      a.     Pengendalian pada aspek TI mencakup:                              a.   IT controls cover the following areas:
      b.     Pengelolaan User ID;                                              b.   User ID management;
      c.     Manajemen Password;                                               c.   Password management;
      d.     Penguatan keamanan jaringan dan sistem; serta                     d.   Strengthening network and system security; and
      e.     Peningkatan infrastruktur TI sesuai dengan standar                e.   Enhancement of IT infrastructure in accordance
             J-SOX.                                                                 with J-SOX standards.


Seluruh pengawasan atas pengendalian internal di level TI              Oversight of internal controls at the IT level is conducted
dilakukan secara langsung oleh principal Hitachi Construction          directly by the principal Hitachi Construction Machinery
Machiner (HCM) Jepang sebagai pengendali utama.                        (HCM) Japan, as the ultimate controlling party.


Adapun pelaksanaan pengendalian dan pengawasan internal                The Company's internal control and monitoring activities are
Perseroan dilakukan secara berjenjang melalui organ-organ              implemented through the following governance organs:
tata kelola berikut:

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    Ikhtisar 2025 | 2025 Highlights                                              Tata Kelola Perusahaan | Good Corporate Governance
    Laporan Manajemen | Management Report                                        Laporan Keberlanjutan | Sustainability Report
    Profil Perusahaan | Company Profile                                          Laporan Keuangan | Financial Report
    Analisis & Pembahasan Manajemen | Management Discussion & Analysis




•       Dewan Komisaris, bertugas mengawasi dan memberikan                         •    Board of Commissioners, responsible for overseeing and
        nasihat atas pengelolaan Perusahaan, pengembangan                               providing advice on the management of the Company,
        usaha, serta manajemen risiko, dengan menerapkan                                business development, and risk management while
        prinsip kehatihatian.                                                           applying the principle of prudence.
•       Direksi, bertanggung jawab untuk mengembangkan dan                       •      Board of Directors, responsible for developing and
        memastikan sistem pengendalian internal Perseroan                               ensuring the effectiveness of the Company's internal
        berjalan efektif dalam melindungi investasi dan aset                            control system in safeguarding the Company's investments
        Perusahaan.                                                                     and assets.
•       Audit Internal, mendukung Direksi dalam pelaksanaan                      •      Internal Audit, responsible for supporting the Board of
        audit atas aspek keuangan dan operasional Perusahaan,                           Directors by conducting audits of the Company's financial
        termasuk         menilai       efektivitas       pengendalian    serta          and operational activities, assessing the effectiveness of
        memberikan rekomendasi perbaikan.                                               internal controls, and providing recommendations for
                                                                                        improvement.
•       Komite Audit, melakukan penilaian terhadap pelaksanaan                   •      Audit Committee, responsible for evaluating audit
        audit oleh Audit Internal serta memberikan rekomendasi                          activities performed by Internal Audit and providing
        guna penyempurnaan sistem pengendalian internal.                                recommendations to enhance the effectiveness of the
                                                                                        internal control system.


TINJAUAN ATAS EFEKTIVITAS SISTEM                                                 REVIEW OF THE EFFECTIVENESS OF THE
PENGENDALIAN INTERNAL                                                            INTERNAL CONTROL SYSTEM
Pada tahun buku 2025, sistem pengendalian internal                               During the 2025 financial year, the Company's internal control
Perseroan dinilai telah berjalan secara efektif dalam                            system was considered effective in supporting the reliability
mendukung keandalan pelaporan keuangan, peningkatan                              of financial reporting, improving operational efficiency, and
efisiensi operasional, serta kepatuhan terhadap peraturan dan                    ensuring compliance with applicable laws and regulations.
perundang-undangan yang berlaku. Evaluasi atas efektivitas                       Evaluations of the effectiveness of the internal control system
sistem pengendalian internal tersebut dilakukan secara berkala                   were conducted periodically by the Board of Commissioners
oleh Dewan Komisaris melalui Komite Audit, serta oleh                            through the Audit Committee and by the Board of Directors
Direksi melalui fungsi Audit Internal, yang mencakup seluruh                     through the Internal Audit function, covering all business lines
lini bisnis dan unit operasional.                                                and operational units.


PERNYATAAN DIREKSI DAN/ATAU DEWAN                                                STATEMENT OF THE BOARD OF DIRECTORS
KOMISARIS ATAS KECUKUPAN SISTEM                                                  AND/OR BOARD OF COMMISSIONERS ON THE
PENGENDALIAN INTERNAL                                                            ADEQUACY OF THE INTERNAL CONTROL
                                                                                 SYSTEM
Direksi dan Dewan Komisaris menyatakan bahwa sistem                              The Board of Directors and the Board of Commissioners
pengendalian internal Perusahaan untuk tahun buku 2025                           affirm that the Company's internal control system for the
telah berjalan secara efektif dan memadai. Pernyataan ini                        2025 financial year operated effectively and was adequate.
didasarkan pada hasil evaluasi dan review yang dilakukan oleh                    This statement is based on the results of evaluations and
Komite Audit serta Audit Internal sepanjang tahun berjalan.                      reviews conducted by the Audit Committee and Internal
Sistem pengendalian internal tersebut dinilai telah mampu                        Audit throughout the year. The internal control system was
mendukung pencapaian tujuan Perusahaan melalui:                                  considered capable of supporting the achievement of the
                                                                                 Company's objectives through:
1.      Pengelolaan risiko secara;                                               1.     Effective risk management;
2.      Penyelenggaraan operasional yang efektif dan efisien;                    2.     Efficient and effective business operations;
3.      Penyusunan dan penyampaian laporan keuangan yang                         3.     The preparation and submission of accurate, reliable, and
        akurat, andal, dan tepat waktu; serta                                           timely financial reports; and
4.      Kepatuhan terhadap peraturan perundang-undangan                          4.     Compliance with applicable laws and regulations.
        yang berlaku.




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                                                                                                                               03

Manajemen Risiko
Risk Management



Manajemen risiko merupakan bagian integral dari proses             Risk management is an integral part of the Company's
bisnis yang bertujuan untuk mengidentifikasi, menilai, dan         business processes, aimed at identifying, assessing, and
mengendalikan potensi risiko yang dapat mempengaruhi               managing potential risks that may affect business continuity.
keberlangsungan usaha. Perseroan mengelola risiko secara           The Company manages risks strategically and adaptively in
strategis dan adaptif sebagai respon terhadap dinamika bisnis      response to the continuously evolving business environment.
yang terus berkembang.


PENERAPAN SISTEM MANAJEMEN RISIKO                                  IMPLEMENTATION OF THE RISK
                                                                   MANAGEMENT SYSTEM
Perseroan menerapkan sistem manajemen risiko untuk                 The Company implements a risk management system
meminimalkan dampak negatif dan memaksimalkan peluang              to minimize potential adverse impacts and maximize
dari dinamika bisnis. Proses manajemen risiko Perseroan            opportunities arising from business dynamics. The Company's
mencakup tahapan identifikasi risiko, pemantauan terhadap          risk management process includes risk identification,
dinamika eksternal dan internal, pembaruan kebijakan dan           monitoring of external and internal developments, periodic
prosedur secara berkala, serta penerapan sistem pengendalian       updates to policies and procedures, and the implementation of
internal yang efektif. Pengelolaan risiko dilakukan melalui tata   effective internal control systems. Risk management is carried
kelola yang melibatkan Dewan Komisaris, Direksi, Komite            out through a governance structure involving the Board
Audit, Komite Kepatuhan dan Manajemen Risiko, serta Audit          of Commissioners, Board of Directors, Audit Committee,
Internal.                                                          Compliance and Risk Management Committee, and Internal
                                                                   Audit.


                                                                   The Board of Commissioners and the Board of Directors
Dewan Komisaris dan Direksi bertanggung jawab atas
                                                                   are responsible for ensuring the effectiveness of the risk
efektivitas sistem melalui pengawasan berkala, didukung
                                                                   management system through regular oversight. Their efforts
oleh Komite Audit serta Komite Kepatuhan dan Manajemen
                                                                   are supported by the Audit Committee and the Compliance
Risiko yang merumuskan kebijakan, memitigasi risiko, dan
                                                                   and Risk Management Committee, which are responsible
memastikan kepatuhan terhadap ketentuan internal maupun
                                                                   for formulating policies, mitigating risks, and ensuring
eksternal, termasuk standar internasional seperti ISO
                                                                   compliance    with   internal   and   external   requirements,
9001:2015, ISO 14001:2015, ISO 45001:2018, serta J-SOX dan
                                                                   including international standards such as ISO 9001:2015, ISO
rekomendasi dari HCM Jepang selaku entitas induk. Di sisi
                                                                   14001:2015, ISO 45001:2018, as well as J-SOX requirements and
lain, Audit Internal bertugas untuk mengevaluasi pengendalian
                                                                   recommendations from HCM Japan as the parent company.
internal, penerapan GCG, dan efektivitas manajemen risiko
                                                                   Meanwhile, the Internal Audit function is responsible for
berbasis pendekatan berbasis risiko, dengan hasil audit yang
                                                                   evaluating internal controls, the implementation of GCG,
mendorong perbaikan berkelanjutan.
                                                                   and the effectiveness of risk management using a risk-based
                                                                   approach. The results of these audits support the Company's
                                                                   continuous improvement efforts.


PROFIL DAN UPAYA MITIGASI RISIKO                                   RISK PROFILE AND MITIGATION MEASURES
Perseroan melakukan evaluasi berkala terhadap lingkungan           The Company conducts periodic evaluations of its business
bisnisnya untuk memantau berbagai potensi risiko yang              environment to monitor potential risks that may arise. The
mungkin timbul. Adapun risiko yang dihadapi Perseroan              key risks faced by the Company during the 2025 financial year
sepanjang tahun buku 2025, beserta langkah-langkah mitigasi        along with the mitigation measures undertaken, are presented
yang telah dilakukan adalah sebagai berikut:                       as follows:




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Page 216
 Ikhtisar 2025 | 2025 Highlights                                                    Tata Kelola Perusahaan | Good Corporate Governance
 Laporan Manajemen | Management Report                                              Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Jenis Risiko dan Upaya Mitigasinya
Risk Types and Mitigation
                                                                   Risiko Tingkat Suku Bunga
                                                                         Interest Rate Risk
 Risiko tingkat suku bunga timbul akibat fluktuasi tingkat suku bunga yang         Interest rate risk arises from fluctuations in interest rates that may affect the
 dapat mempengaruhi kinerja keuangan Perseroan.                                    Company’s financial performance.
                                     Mitigasi                                                                          Mitigation
 Perseroan secara selektif memilih bank yang menawarkan suku bunga                 The Company selectively chooses banks that offer competitive and lower
 pinjaman yang kompetitif dan lebih rendah.                                        lending rate


                                                                          Risiko Kredit
                                                                            Credit Risk
 Risiko kredit terjadi apabila pelanggan tidak mampu memenuhi kewajiban           Credit risk occurs when customers are unable to fulfill their payment
 pembayaran, yang dapat menyebabkan kerugian keuangan bagi Perseroan.             obligations, potentially resulting in financial losses for the Company.
                                     Mitigasi                                                                          Mitigation
 Perseroan menetapkan batasan risiko yang dapat diterima, menyusun                The Company sets acceptable risk limits, establishes stringent credit
 kebijakan kredit yang ketat, serta secara berkala memantau eksposur risiko       policies, and regularly monitors risk exposure to ensure compliance with
 untuk memastikan kepatuhan terhadap kebijakan tersebut.                          these policies.


                                                                        Risiko Likuiditas
                                                                           Liquidity Risk
 Risiko likuiditas muncul ketika arus kas masuk jangka pendek tidak               Liquidity risk arises when short-term cash inflows are insufficient to meet
 mencukupi untuk memenuhi kewajiban jangka pendek Perseroan.                      the Company’s short-term obligations.
                                     Mitigasi                                                                          Mitigation
 Perseroan menjaga saldo kas dan setara kas pada tingkat yang memadai             The Company maintains adequate cash and cash equivalents to support
 untuk mendukung kegiatan operasional, serta menjaga ketersediaan                 operational activities and ensures the availability of credit facilities from
 fasilitas pinjaman dari perbankan.                                               banking institutions.


                                                            Risiko Nilai Tukar Mata Uang Asing
                                                                       Foreign Exchange Risk
 Risiko nilai tukar mata uang asing timbul akibat fluktuasi nilai tukar mata       Foreign exchange risk arises from fluctuations in foreign currency exchange
 uang asing yang dapat mempengaruhi nilai wajar atau arus kas masa depan           rates that may impact the fair value or future cash flows of financial
 dari instrumen keuangan.                                                          instruments.
                                     Mitigasi                                                                          Mitigation
 Perseroan meminimalkan eksposur terhadap risiko ini dengan                        The Company minimizes exposure to this risk by maintaining trade
 mempertahankan piutang usaha, utang usaha, liabilitas imbalan kerja               receivables, trade payables, short-term employee benefit liabilities, tax
 jangka pendek, utang pajak, dan utang jangka panjang dalam mata uang              payables, and long-term payables in Indonesian Rupiah.
 Rupiah.


Dalam rangka menjaga stabilitas kinerja keuangan, Perseroan                         To maintain the stability of its financial performance, the
secara     berkala       menyelenggarakan            sosialisasi      mengenai      Company periodically conducts risk management awareness
manajemen risiko melalui serangkaian kegiatan komunikasi                            programs through a series of structured communication
yang terstruktur.                                                                   activities.

TINJAUAN ATAS EFEKTIVITAS SISTEM                                                    REVIEW OF THE EFFECTIVENESS OF THE RISK
MANAJEMEN RISIKO                                                                    MANAGEMENT SYSTEM
Perseroan       secara     berkala       meninjau        efektivitas    sistem      The Company regularly reviews the effectiveness of its risk
manajemen risiko guna memastikan fungsinya berjalan                                 management system to ensure that it functions optimally in
optimal dalam mengidentifikasi dan mengelola eksposur                               identifying and managing risk exposures arising from operational
risiko yang timbul dari aktivitas operasional. Tanggung jawab                       activities. Responsibility for the effectiveness of this system rests
atas efektivitas penerapan sistem ini berada pada Direksi dan                       with the Board of Directors and the Board of Commissioners,
Dewan Komisaris, yang melaksanakan pengawasan melalui                               which exercise oversight through the Audit Committee and the
Komite Audit serta Komite Kepatuhan dan Manajemen Risiko.                           Compliance and Risk Management Committee.




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Peninjauan dilakukan terhadap kecukupan sistem dalam            The review assesses the adequacy of the system in responding
merespons dinamika bisnis, perubahan lingkungan usaha,          to business developments, changes in the operating
serta perkembangan regulasi, sehingga Perseroan dapat           environment, and regulatory updates, enabling the Company
menjaga kesinambungan operasional dan memperkuat                to maintain operational continuity and strengthen business
ketahanan bisnis. Pada tahun buku 2025, sistem manajemen        resilience. During the 2025 financial year, the Company's risk
risiko Perseroan berjalan efektif dalam mendukung kebijakan     management system operated effectively in supporting business
dan proses bisnis tanpa risiko signifikan yang mengganggu       policies and processes, with no significant risks identified that
kelangsungan usaha Perseroan.                                   could adversely affect the Company's business continuity.


PERNYATAAN DEWAN KOMISARIS DAN                                  STATEMENT OF THE BOARD OF
DIREKSI ATAS PENERAPAN SISTEM                                   COMMISSIONERS AND THE BOARD OF
MANAJEMEN RISIKO                                                DIRECTORS ON THE IMPLEMENTATION OF
                                                                THE RISK MANAGEMENT SYSTEM
Dalam rangka mengelola risiko secara efektif, Perseroan telah   To ensure effective risk management, the Company has
menerapkan sistem manajemen risiko yang terstruktur dan         implemented a structured and adequate risk management
memadai, dengan komponen utama sebagai berikut:                 system, which includes the following key components:
1.    Pengawasan aktif dari Dewan Komisaris dan Direksi         1.   Active oversight by the Board of Commissioners and
      terhadap pelaksanaan strategi dan aktivitas operasional        the Board of Directors over the implementation of the
      Perseroan.                                                     Company's strategies and operational activities.
2.    Evaluasi dan pembaruan berkala terhadap kebijakan,        2.   Periodic evaluation and updating of policies, internal
      peraturan internal, serta SOP untuk memastikan                 regulations, and Standard Operating Procedures (SOPs)
      kesesuaian dengan kondisi terkini.                             to ensure alignment with current business conditions.
3.    Proses identifikasi, pengukuran, pemantauan, dan          3.   A systematic process for identifying, measuring,
      pengendalian risiko yang dilakukan secara sistematis           monitoring, and controlling risks across all potential risk
      terhadap seluruh potensi risiko yang dapat mempengaruhi        areas that may affect the Company's performance.
      kinerja Perseroan.
4.    Penerapan sistem informasi manajemen yang mendukung       4.   The implementation of a management information
      pelaksanaan pengendalian internal dan pelaporan risiko         system that supports internal control activities and
      secara komprehensif.                                           comprehensive risk reporting.

Dewan Komisaris dan Direksi menilai bahwa sistem                The Board of Commissioners and the Board of Directors
manajemen risiko yang diterapkan pada tahun buku 2025           believe that the risk management system implemented during
telah mampu memitigasi risiko secara efektif dan mendukung      the 2025 financial year was effective in mitigating risks and
kelangsungan operasional Perseroan.                             supporting the Company's operational sustainability.




Perkara Hukum Sanksi Admistratif                                        [2-27]

Legal Case and Administration Sanctions


Sepanjang tahun buku 2025, Perseroan beserta seluruh            Throughout the 2025 financial year, the Company, as well
anggota Direksi dan Dewan Komisaris tidak terlibat dalam        as all members of the Board of Directors and the Board of
perkara perdata, pidana, maupun tuntutan hukum lainnya,         Commissioners, were not involved in any civil, criminal,
serta tidak menerima sanksi administratif dalam bentuk          or other legal proceedings, and did not receive any form of
apapun. Selain itu, tidak terdapat pelanggaran hukum maupun     administrative sanctions. In addition, there were no violations
peraturan yang dilakukan oleh Perseroan yang mengakibatkan      of laws or regulations committed by the Company that resulted
denda, sanksi nonmoneter, atau kewajiban pembayaran akibat      in fines, non-monetary sanctions, or payment obligations
ketidakpatuhan.                                                 arising from non-compliance.




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 Ikhtisar 2025 | 2025 Highlights                                        Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                  Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                    Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




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                                                                                02




                                                  Laporan
                                             Keberlanjutan
                                              Sustainability Report




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 Ikhtisar 2025 | 2025 Highlights                                                             Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                       Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                         Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Ikhtisar Kinerja Keberlanjutan                                                             [B.1, B.2, B.3]

Sustainability Performance Highlights



Aspek Ekonomi, Produk, dan Jasa [2-27, 416-1, 416-2] [B.1.a, B.1.e, F.27]
Economic, Product, and Service Aspects
                                                            Satuan
                   Keterangan                                               FY2025           FY2024          FY2023                             Description
                                                              Unit
 Kuantitas Penjualan Produk                                                                                                                            Product Sales Quantity
 Mid Excavator > 6T incl. mining excavator                    Unit              3.164            2.597            2.614          Mid Excavator > 6T incl. mining excavator
 Mini Excavator                                               Unit                  243            249              265                                         Mini Excavator
 Articulated Dump Truck (BELL)                                Unit                    0               3              33                       Articulated Dump Truck (BELL)
 Wheel Loader                                                 Unit                   42             37               33                                          Wheel Loader
 Rigid Dump Truck (HITACHI)                                   Unit                    0               0              22                        Rigid Dump Truck (HITACHI)
 Lainnya*                                                     Unit                  431            447               64                                                 Others
 Kualitas serta Keamanan Produk dan Jasa                                                                                      Quality and Safety of Products and Services
 Produk yang Telah Dievaluasi Terkait Aspek                                                                                      Products Evaluated for Safety and Security
                                                                %               100,0            100,0            100,0
 Keamanan dan Keselamatannya                                                                                                                                       Aspects
                                                             Produk
 Jumlah Produk yang Ditarik Kembali                                                   0               0               0                          Number of Recalled Products
                                                             Product
 Pelibatan Pihak Lokal                                                                                                                           Engagement of Local Parties
 Proporsi Karyawan Lokal (WNI)                                  %                 99,3            99,3             99,2        Proportion of Local Employees (Indonesian)
 Kepatuhan                                                                                                                                                         Compliance
 Pelanggaran Terkait Aspek Keamanan dan                      Kasus                                                             Violations Related to Product and/or Service
                                                                                      0               0               0
 Keselamatan Produk dan/atau Jasa                             Case                                                                              Safety and Security Aspects
 * Terdiri dari Foton Dump Truck, Dynapac Soil Roller, Morooka Carrier Dump, Waratah Harvester, dan BX100 Backhoe Loader.
 * Consists of Foton Dump Truck, Dynapac Soil Roller, Morooka Carrier Dump, Waratah Harvester, and BX100 Backhoe Loader.



Aspek Lingkungan Hidup [302-1, 302-2, 302-3, 302-4, 305-1, 305-2, 305-3, 305-4, 305-5, 306-3] [B.2.a, B.2.b, B.2.c, F.6, F.7, F.8, F.11, F.12, F.13, F.15, F.16]
Environmental Aspects
                                                 Satuan
              Keterangan                                               FY2025                 FY2024                   FY2023                         Description
                                                   Unit
 Energi                                                                                                                                                                Energy
 Penggunaan Energi                                                                                                                                      Energy Consumption
 Di dalam Perusahaan                                 GJ                     9.374                  9.093                     9.407                       Within the Company
 Di luar Perusahaan                                  GJ                    24.586                 27.973                    25.557                      Outside the Company
 Jumlah                                              GJ                    33.960                 37.066                    34.964                                        Total
 Pengurangan (Kenaikan) Penggunaan Energi                                                                                   Reduction (Increase) in Energy Consumption
 Di dalam Perusahaan                                 GJ                     (281)                     314                     (97)                       Within the Company
 Di luar Perusahaan                                  GJ                     3.387                (2.416)                         -                      Outside the Company
 Jumlah                                              GJ                     3.106                (2.102)                      (97)                                        Total
 Intensitas Penggunaan Energi                                                                                                                 Energy Consumption Intensity
 Di dalam Perusahaan                             MJ/USD                     0,018                  0,017                     0,015                       Within the Company
 Di luar Perusahaan                              MJ/USD                     0,048                  0,054                     0,042                      Outside the Company
 Jumlah                                          MJ/USD                     0,066                  0,071                     0,057                                        Total
 Emisi                                                                                                                                                               Emission
 Pelepasan Emisi                                                                                                                                            Emission Release
 Cakupan 1                                        tCO₂e                       128                    117                      113                                      Scope 1
 Cakupan 2                                        tCO₂e                     2.120                  2.082                     2.196                                     Scope 2
 Cakupan 3                                        tCO₂e                     1.981                  2.240                     2.051                                     Scope 3
 Cakupan 1 dan 2                                  tCO₂e                     2.248                  2.199                     2.309                               Scope 1 and 2
 Cakupan 1, 2, dan 3                              tCO₂e                     4.229                  4.439                     4.360                            Scope 1, 2, and 3




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                                              Satuan
             Keterangan                                      FY2025               FY2024                   FY2023                Description
                                               Unit
 Pengurangan (Kenaikan) Emisi                                                                                             Emission Reduction (Increase)
 Cakupan 1                                     tCO₂e              (11)                     (4)                (53)                                Scope 1
 Cakupan 2                                     tCO₂e              (38)                     114                 198                                Scope 2
 Cakupan 3                                     tCO₂e               259                   (189)                    -                               Scope 3
 Cakupan 1 dan 2                               tCO₂e              (49)                     110                 145                         Scope 1 and 2
 Cakupan 1, 2, dan 3                           tCO₂e               210                    (79)                 145                       Scope 1, 2, and 3
 Intensitas Emisi                                                                                                                     Emission Intensity
 Cakupan 1                                   gCO₂e/USD            0,25                    0,22                0,18                                Scope 1
 Cakupan 1 dan 2                             gCO₂e/USD            4,36                    4,21                3,77                         Scope 1 and 2
 Cakupan 1, 2, dan 3                         gCO₂e/USD            8,20                    8,49                7,12                       Scope 1, 2, and 3
 Limbah                                                                                                                                            Waste
 Timbulan Limbah                                                                                                                        Waste Generated
 Limbah B3                                      ton                6,2                     7,4                 7,3                      Hazardous Waste
 Limbah Non-B3                                  ton              101,4                   181,5               123,9                 Non-Hazardous Waste
 Jumlah                                         ton              107,6                   188,9               131,2                                  Total
 Pengurangan (Kenaikan) Timbulan Limbah                                                                         Reduction (Increase) in Waste Generation
 Limbah B3                                      ton                1,2                    (0,1)               (0,6)                     Hazardous Waste
 Limbah Non-B3                                  ton               80,1                (57,6)                  97,8                 Non-Hazardous Waste
 Jumlah                                         ton               81,3                (57,7)                  97,2                                  Total
 Tumpahan                                                                                                                                        Spillage
 Volume Tumpahan                                ton                     0                    0                   0                       Spillage Volume
 Air                                                                                                                                               Water
 Penggunaan Air                                 m³              18.957               16.442                 18.915                           Water Usage
 Intensitas Penggunaan Air                    ML/USD            0,0368               0,0315                 0,0309                  Water Usage Intensity
 Kepatuhan                                                                                                                                   Compliance
 Pengaduan Terkait Aspek                      Laporan                                                                              Complaint Regarding
                                                                        0                    0                   0
 Lingkungan Hidup                            Complaint                                                                            Environmental Aspects


Aspek Sosial dan Tata Kelola [2-7, 2-30, 401-1, 403-9, 403-10, 404-1] [B.3, F.22, F.24]
Social and Governance Aspects
                                               Satuan
             Keterangan                                       FY2025          FY2024              FY2023                    Description
                                                 Unit
 Sumber Daya Manusia                                                                                                                     Human Capital
                                                Orang
 Jumlah Karyawan                                                1.979           1.949              1.931                           Number of Employees
                                                Person
 Proporsi Karyawan Wanita                         %               8,0              8,0               7,8                  Proportion of Female Employees
 Tingkat Perputaran Karyawan                      %               3,6              4,4               3,9                         Employee Turnover Rate
 Proporsi Anggota Serikat Pekerja                 %              86,1             85,6              93,0              Proportion of Labor Union Members
                                             Jam/Karyawan
 Rata-Rata Jam Pelatihan Karyawan                                21,8             14,2              13,4                Average Employee Training Hours
                                             Hour/Employee
 Kesehatan dan Keselamatan Kerja                                                                                         Occupational Health and Safety
                                                 Kali
 Jumlah Kecelakaan Kerja                                           13              10                12                        Number of Work Accidents
                                                 Time
                                                Kasus
 Jumlah Penyakit Akibat Kerja                                       0                0                0                  Number of Occupational Diseases
                                                 Case
 Masyarakat                                                                                                                                  Community
 Penyaluran Dana CSR                             USD           55.090          22.148             27.347                       Distribution of CSR Funds
 Kepatuhan                                                                                                                                   Compliance
                                                Kasus
 Pelanggaran Hak Asasi Manusia                                      0                0                0                         Human Rights Violations
                                                 Case
                                               Laporan
 Pengaduan Masyarakat                                               0                0                0                                Public Complaints
                                               Complaint
                                                Kasus
 Insiden Diskriminasi                                               0                0                0                          Discrimination Incidents
                                                 Case



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 Ikhtisar 2025 | 2025 Highlights                                        Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                  Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                    Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Strategi dan Budaya Keberlanjutan                                                 [2-23] [A.1, F.1]

Sustainability Strategy and Culture




STRATEGI KEBERLANJUTAN [2-23] [A.1]                                     SUSTAINABILITY STRATEGY
Perjalanan bisnis Hexindo tidak terlepas dari kepercayaan               Hexindo’s business journey is built upon the trust of its
para pemangku kepentingan yang telah berperan penting                   stakeholders, whose support has played a vital role in
dalam mendukung keberlanjutan perusahaan. Sebagai wujud                 sustaining the Company's long-term growth. In appreciation
apresiasi atas kepercayaan tersebut, kami merancang strategi            of this trust, we have developed a sustainability strategy
keberlanjutan yang mengintegrasikan pencapaian target                   that integrates the achievement of financial and operational
finansial dan operasional dengan perluasan dampak positif               targets with the creation of broader positive impacts for our
terhadap para pemangku kepentingan, termasuk masyarakat                 stakeholders, including local communities and the surrounding
dan lingkungan sekitar. Hal ini kami lakukan dengan                     environment. This commitment is realized through the
mengoptimalkan seluruh sumber daya yang kami miliki secara              effective and responsible optimization of all resources available
efektif dan bertanggung jawab.                                          to the Company.


Di tengah dinamika industri yang semakin kompetitif, Hexindo            Amid increasingly competitive industry dynamics, Hexindo
terus memperkuat komitmennya terhadap keberlanjutan.                    continues to strengthen its commitment to sustainability. We
Kami mengelola aspek ekonomi, lingkungan, dan sosial secara             manage economic, environmental, and social aspects through
holistik melalui inovasi berkelanjutan, penyediaan produk dan           a holistic approach by fostering continuous innovation,
layanan berkualitas tinggi, peningkatan efisiensi operasional,          delivering high-quality products and services, enhancing
pelestarian lingkungan, serta pemberdayaan masyarakat                   operational efficiency, preserving the environment, and



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sekitar. Strategi keberlanjutan ini merupakan perwujudan dari          empowering local communities. This sustainability strategy
visi Hexindo untuk menjadi perusahaan kelas dunia di industri          reflects Hexindo’s vision of becoming a world-class company
alat berat Indonesia, dengan kualitas layanan terbaik demi             in Indonesia’s heavy equipment industry, delivering superior
kepuasan seluruh pemangku kepentingan.                                 service quality to ensure the satisfaction of all stakeholders.




                       Menjadikan pemberdayaan keselamatan,
                         lingkungan dan kepatuhan sebagai
                                                                                Menawarkan solusi andal bagi
                        prioritas utama dalam setiap proses
                                                                           pelanggan melalui dukungan purna jual.
                                 bisnis Perusahaan.
                                                                            Providing reliable solutions to customers
                        Placing safety, environmental stewardship,
                                                                           through comprehensive after-sales support.
                        and regulatory compliance at the forefront
                                of every business process.




                           Meningkatkan peluang penjualan                   Meningkatkan pemahaman karyawan
                         dengan menyediakan rentang produk                  terhadap budaya perusahaan melalui
                                     yang luas.                                  Konsep ONE HEXINDO.
                       Expanding sales opportunities by offering a            Enhancing employee understanding
                               broad range of products.                      of corporate culture through the ONE
                                                                                     HEXINDO concept.




Perseroan secara berkala mengevaluasi strategi keberlanjutan           The Company periodically reviews its sustainability strategy
untuk memastikan keselarasan dengan dinamika eksternal                 to ensure alignment with the continuously evolving external
yang terus berkembang, serta menetapkan inisiatif strategis            landscape, while establishing consistent and integrated
yang konsisten dan terintegrasi guna mengelola risiko dan              strategic initiatives to effectively manage risks and capitalize on
memanfaatkan peluang secara optimal.                                   opportunities.




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 Ikhtisar 2025 | 2025 Highlights                                        Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                  Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                    Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




                                                                                                                Dwi
                                                                                                                Swasono
                                                                                                                Presiden Direktur
                                                                                                                President Director




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Pesan Keberlanjutan                                   [D.1]

Message on Sustainability



Pemegang Saham dan Pemangku Kepentingan yang                                  Dear Esteemed Shareholders and Stakeholders,
Terhormat,


Melalui Laporan Keberlanjutan ini, kami menyampaikan                          Through this Sustainability Report, we present the Company's
perkembangan kinerja keberlanjutan Perseroan selama tahun                     sustainability performance throughout the reporting year,
pelaporan, termasuk berbagai kebijakan, program, dan strategi                 including the policies, programs, and strategies implemented
yang diterapkan untuk menciptakan nilai jangka panjang serta                  to create long-term value while strengthening the integration of
memperkuat penerapan prinsip keberlanjutan dalam kegiatan                     sustainability principles into the Company's business activities
usaha dan operasional Perseroan.                                              and operations.


KEBIJAKAN UNTUK MERESPON TANTANGAN                                            POLICIES TO ADDRESS CHALLENGES IN
DALAM PEMENUHAN STRATEGI                                                      IMPLEMENTING THE SUSTAINABILITY
KEBERLANJUTAN [2-22, 2-23] [D.1.A]                                            STRATEGY
Dalam menjalankan komitmennya terhadap keberlanjutan,                         In fulfilling its commitment to sustainability, the Company
Perseroan senantiasa menyesuaikan arah kebijakan dan                          continuously aligns its policies and business strategies with
strategi bisnis dengan perkembangan lingkungan usaha yang                     the evolving business environment. A flexible and long-term
terus berubah. Pendekatan yang fleksibel dan berorientasi                     approach is adopted to maintain a balance between business
jangka panjang diterapkan untuk memastikan keseimbangan                       growth, environmental impact management, and value
antara pertumbuhan usaha, pengelolaan dampak lingkungan,                      creation for all stakeholders. Through this approach, the
serta penciptaan manfaat bagi seluruh pemangku kepentingan.                   Company strengthens its business resilience while supporting
Dengan demikian, Perseroan dapat menjaga ketahanan bisnis                     the achievement of its sustainability objectives on an ongoing
sekaligus mendukung pencapaian tujuan keberlanjutan secara                    basis.
berkesinambungan.


Nilai Keberlanjutan Perusahaan                                                Corporate Sustainability Values
Perseroan       meyakini       bahwa         keberhasilan     bisnis   yang   The Company believes that sustainable business success can
berkelanjutan hanya dapat dicapai melalui keseimbangan                        only be achieved by maintaining a balance between economic
antara pertumbuhan ekonomi, tanggung jawab terhadap                           growth, environmental responsibility, and social contribution.
lingkungan, dan kontribusi sosial. Oleh karena itu, prinsip                   Accordingly, sustainability principles are integrated into all
keberlanjutan diintegrasikan ke dalam seluruh aktivitas usaha                 business activities as the foundation for creating long-term
sebagai landasan dalam menciptakan nilai jangka panjang bagi                  value for stakeholders.
para pemangku kepentingan.


Dalam aspek ekonomi, Perseroan berupaya mendorong                             From an economic perspective, the Company strives to
pertumbuhan yang inklusif melalui dukungan terhadap                           foster inclusive growth by supporting various National
berbagai proyek strategis nasional serta pengembangan inovasi                 Strategic Projects while developing innovations that address
yang menjawab kebutuhan industri yang terus berkembang.                       the evolving needs of the industry. This commitment is
Komitmen tersebut diwujudkan melalui penyediaan solusi dan                    reflected in the provision of more efficient solutions and
teknologi yang lebih efisien, termasuk pengembangan alat berat                technologies, including the development of electric-powered
berbasis listrik serta digitalisasi layanan guna meningkatkan                 heavy equipment and the digitalization of services to enhance
produktivitas dan kualitas layanan kepada pelanggan.                          productivity and improve customer service quality.




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 Ikhtisar 2025 | 2025 Highlights                                                Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                          Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                            Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Pada aspek lingkungan, Perseroan menerapkan berbagai                            From an environmental perspective, the Company implements
inisiatif untuk meminimalkan dampak operasional terhadap                        various initiatives to minimize the environmental impacts
lingkungan. Upaya tersebut mencakup peningkatan efisiensi                       of its operations. These initiatives include improving energy
energi, pengelolaan limbah berdasarkan prinsip Reduce,                          efficiency, managing waste based on the Reduce, Reuse,
Reuse, Recycle (3R), pengurangan emisi gas rumah kaca,                          Recycle (3R) principles, reducing greenhouse gas emissions,
serta perlindungan keanekaragaman hayati. Perseroan juga                        and conserving biodiversity. The Company also utilizes solar
mengimplementasikan penggunaan panel surya sebagai                              panels as a renewable energy source, implements component
sumber       energi      terbarukan,        program         remanufacturing     remanufacturing programs to extend product life cycles,
komponen untuk memperpanjang siklus penggunaan produk,                          develops infiltration wells, and carries out waste recycling
pengelolaan sumur resapan, serta kegiatan daur ulang limbah                     activities as part of its commitment to environmental
sebagai bagian dari komitmen terhadap pelestarian lingkungan.                   preservation.


Dari sisi sosial, Perseroan menjunjung tinggi penerapan tata                    From a social perspective, the Company upholds Good
kelola perusahaan yang baik dengan mengedepankan prinsip                        Corporate Governance by promoting the principles of
transparansi, akuntabilitas, integritas, dan praktik antikorupsi.               transparency, accountability, integrity, and anti-corruption
Selain itu, Perseroan secara konsisten mendukung penerapan                      practices. In addition, the Company consistently supports
kesehatan dan keselamatan kerja, pengembangan kompetensi                        occupational health and safety, human capital development,
sumber daya manusia, kesetaraan gender, serta pemberdayaan                      gender equality, and community empowerment through
masyarakat melalui berbagai program tanggung jawab sosial                       various sustainable corporate social responsibility programs.
yang berkelanjutan.


Komitmen keberlanjutan Perseroan juga selaras dengan Tujuan                     The Company's sustainability commitment is also aligned with
Pembangunan Berkelanjutan (Sustainable Development Goals                        the Sustainable Development Goals (SDGs), particularly the
atau SDGs), khususnya pada 7 (tujuh) tujuan yang memiliki                       seven goals that are closely related to its business activities. Its
keterkaitan erat dengan kegiatan usaha Perseroan. Kontribusi                    contribution to SDG 9 (Industry, Innovation and Infrastructure)
pada SDG 9 (Industry, Innovation and Infrastructure)                            is demonstrated through the development of innovative
diwujudkan melalui pengembangan teknologi inovatif seperti                      technologies, such as electric-powered heavy equipment and
alat berat listrik dan digitalisasi layanan. Pada aspek lingkungan,             digitalized services. From an environmental perspective, the
Perseroan mendukung pencapaian SDG 7 (Affordable                                Company supports the achievement of SDG 7 (Affordable
and Clean Energy) dan SDG 13 (Climate Action) melalui                           and Clean Energy) and SDG 13 (Climate Action) through the
pemanfaatan energi terbarukan dan pengurangan emisi, serta                      utilization of renewable energy and greenhouse gas emission
SDG 6 (Clean Water and Sanitation) dan SDG 12 (Responsible                      reduction, as well as SDG 6 (Clean Water and Sanitation)
Consumption and Production) melalui pengelolaan sumber                          and SDG 12 (Responsible Consumption and Production)
daya air dan pengolahan limbah yang bertanggung jawab.                          through responsible water resource management and waste
Sementara itu, pada aspek sosial, Perseroan berkontribusi                       treatment. Meanwhile, from a social perspective, the Company
terhadap SDG 4 (Quality Education) melalui penyelenggaraan                      contributes to SDG 4 (Quality Education) by providing various
berbagai pelatihan dan pengembangan kompetensi, serta SDG                       training and competency development programs, and to SDG
8 (Decent Work and Economic Growth) melalui penciptaan                          8 (Decent Work and Economic Growth) by fostering a safe,
lingkungan kerja yang aman, sehat, dan produktif.                               healthy, and productive working environment.


Strategi    keberlanjutan         Perseroan        dilaksanakan       melalui   The Company's sustainability strategy is implemented through
berbagai program yang mengintegrasikan aspek ekonomi,                           various programs that integrate economic, environmental,
lingkungan, dan sosial. Dalam aspek ekonomi, Perseroan                          and social aspects. From an economic perspective, the
mengembangkan skema sewa alat berat dan program trade-in                        Company has introduced heavy equipment rental schemes
guna meningkatkan aksesibilitas pelanggan terhadap produk                       and trade-in programs to improve customer access to its
dan layanan. Perseroan juga menjalin kerja sama dengan                          products and services. The Company also collaborates with
pemerintah maupun lembaga swadaya masyarakat dalam                              government institutions and non-governmental organizations
mendukung berbagai program pembangunan berkelanjutan,                           in supporting sustainable development initiatives, including
termasuk proyek food estate. Pada aspek lingkungan, Perseroan                   food estate projects. From an environmental perspective,
menerapkan sistem pengelolaan lingkungan yang mengacu                           the Company implements an environmental management


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pada standar ISO 14001 serta mengembangkan penggunaan                system based on ISO 14001 and promotes the adoption of
teknologi rendah karbon, termasuk ekskavator listrik, untuk          low-carbon technologies, including electric excavators, to
mendukung upaya pengurangan emisi gas rumah kaca.                    support greenhouse gas emission reduction efforts. From a
Dari sisi sosial, Perseroan menjalankan program CSR yang             social perspective, the Company carries out Corporate Social
berfokus pada empat pilar utama, yaitu pendidikan, kesehatan,        Responsibility (CSR) programs focusing on four key pillars:
lingkungan, serta sosial dan budaya. Selain itu, pengembangan        education, health, environment, and social and cultural
kompetensi karyawan dilakukan secara berkelanjutan melalui           development. In addition, employee competency development
platform pembelajaran Hexindo Academy LMS.                           is continuously enhanced through the Hexindo Academy
                                                                     Learning Management System (LMS).


Perumusan dan penerapan nilai-nilai keberlanjutan dilakukan          The formulation and implementation of the Company's
melalui mekanisme yang terstruktur dengan melibatkan                 sustainability values are carried out through a structured
Direksi dan Dewan Komisaris sebagai bagian dari proses               governance mechanism involving the Board of Directors
pengambilan keputusan strategis Perseroan. Dalam aspek               and the Board of Commissioners as part of the Company's
ekonomi, evaluasi terhadap implementasi keberlanjutan                strategic decision-making process. From an economic
dilakukan secara berkala melalui berbagai forum manajemen,           perspective, sustainability implementation is periodically
sejalan dengan kebijakan pengelolaan sumber daya manusia             evaluated through various management forums in line with
yang mengacu pada standar grup. Pada aspek lingkungan,               the Group's human capital management policies. From an
komitmen keberlanjutan tercermin dalam penerapan Kebijakan           environmental perspective, the Company's commitment to
QSHE serta pelaksanaan audit internal maupun eksternal guna          sustainability is reflected in the implementation of its QSHE
memastikan efektivitas implementasinya. Adapun pada aspek            Policy and the conduct of both internal and external audits to
sosial, Perseroan mendorong keterlibatan aktif para pemangku         ensure its effective implementation. From a social perspective,
kepentingan, termasuk karyawan, pelanggan, pemerintah, dan           the Company actively encourages stakeholder engagement—
lembaga masyarakat, dalam pelaksanaan berbagai program               including employees, customers, government institutions, and
sosial, kesehatan dan keselamatan kerja, serta penyampaian           community organizations—in implementing social initiatives,
informasi secara transparan melalui publikasi Laporan                occupational health and safety programs, and transparent
Tahunan dan Laporan Keberlanjutan.                                   information disclosure through the publication of its Annual
                                                                     Report and Sustainability Report.


Respon Perusahaan Terhadap Isu-Isu yang Terkait                      The Company's Response to Sustainable Finance-
Keuangan Berkelanjutan                                               Related Issues
Perseroan memahami bahwa penerapan prinsip keuangan                  The Company recognizes that the implementation of sustainable
berkelanjutan merupakan faktor penting dalam menjaga                 finance principles is essential to maintaining business resilience
ketahanan bisnis dan menciptakan nilai jangka panjang.               and creating long-term value. As environmental, social, and
Seiring meningkatnya perhatian terhadap aspek lingkungan,            governance (ESG) considerations continue to gain greater
sosial, dan tata kelola, Perseroan terus memperkuat strategi         attention, the Company remains committed to strengthening
dan kebijakan yang mendukung pertumbuhan usaha yang                  strategies and policies that promote responsible business
bertanggung jawab serta selaras dengan kebutuhan para                growth while addressing the expectations of its stakeholders.
pemangku kepentingan.


Dalam        menjalankan          kegiatan   usahanya,   Perseroan   In conducting its business activities, the Company has
mengidentifikasi sejumlah isu keberlanjutan yang berpotensi          identified a number of sustainability issues that may affect
memengaruhi kinerja operasional maupun finansial. Pada               both operational and financial performance. From an
aspek lingkungan, isu yang menjadi perhatian meliputi                environmental perspective, key issues include greenhouse gas
emisi gas rumah kaca yang berasal dari penggunaan                    emissions generated from the use of fossil fuel-powered heavy
alat berat berbahan bakar fosil, konsumsi energi dalam               equipment, energy consumption in operational activities, the
kegiatan operasional, pengelolaan limbah B3 dan non-B3               management of hazardous and non-hazardous waste generated
yang dihasilkan dari aktivitas workshop, serta tingginya             from workshop operations, and the high dependence on
ketergantungan terhadap sumber energi konvensional. Selain           conventional energy sources. In addition, climate change has




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 Profil Perusahaan | Company Profile                                    Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




itu, perubahan iklim juga menjadi salah satu faktor eksternal           been identified as an external factor that may pose risks to the
yang berpotensi menimbulkan risiko terhadap kelangsungan                Company's operations and supply chain continuity.
operasional dan rantai pasok Perseroan.


Dari aspek sosial, Perseroan menempatkan kesehatan                      From a social perspective, the Company places occupational
dan keselamatan kerja sebagai prioritas utama mengingat                 health and safety as a top priority, considering the inherently
karakteristik industri yang memiliki tingkat risiko operasional         high operational risks associated with the industry. The
yang tinggi. Perseroan juga memberikan perhatian terhadap               Company also places significant emphasis on sustainable
pengembangan sumber daya manusia yang berkelanjutan                     human capital development, as well as promoting diversity and
serta peningkatan keberagaman dan kesetaraan kesempatan di              equal opportunities in the workplace.
lingkungan kerja.


Sementara itu, pada aspek tata kelola dan ekonomi, Perseroan            Meanwhile, from governance and economic perspectives, the
menyadari pentingnya pengelolaan risiko yang berkaitan                  Company recognizes the importance of managing risks related
dengan integritas bisnis, stabilitas kinerja keuangan, serta            to business integrity, financial performance stability, and
dinamika pasar yang dipengaruhi oleh kondisi sektor                     market dynamics influenced by conditions in the commodity
komoditas. Oleh karena itu, berbagai langkah mitigasi                   sector. Accordingly, various mitigation measures continue to be
terus dilakukan guna menjaga keberlangsungan usaha dan                  implemented to safeguard business continuity and strengthen
meningkatkan kepercayaan para pemangku kepentingan.                     stakeholder confidence.


Sebagai bentuk respons terhadap berbagai isu tersebut,                  In response to these sustainability issues, the Company
Perseroan menjalankan sejumlah inisiatif strategis yang                 has undertaken various strategic initiatives, including
mencakup efisiensi energi melalui penggunaan lampu LED,                 improving energy efficiency through the use of LED lighting,
pemantauan konsumsi bahan bakar secara real-time, serta                 implementing real-time fuel consumption monitoring, and
pengembangan penggunaan teknologi yang lebih ramah                      promoting the adoption of more environmentally friendly
lingkungan. Perseroan juga secara bertahap meningkatkan                 technologies. The Company is also progressively increasing the
pemanfaatan energi terbarukan melalui pemasangan panel                  utilization of renewable energy through the installation of solar
surya dan pengembangan solusi alat berat yang mendukung                 panels and the development of heavy equipment solutions that
pengurangan emisi.                                                      contribute to greenhouse gas emission reduction.


Dalam pengelolaan limbah, Perseroan menerapkan prinsip                  In waste management, the Company applies the Reduce, Reuse,
Reduce, Reuse, Recycle (3R) untuk meminimalkan timbulan                 Recycle (3R) principles to minimize waste generation while
limbah sekaligus meningkatkan pemanfaatan kembali material              maximizing the reuse of materials that retain economic value.
yang masih memiliki nilai guna. Pengelolaan limbah B3                   Hazardous waste is managed in collaboration with licensed
dilakukan bekerja sama dengan pihak berizin dan didukung                service providers and supported by the electronic reporting
sistem pelaporan elektronik (e-Manifest) guna memastikan                system (e-Manifest) to ensure compliance and transparency
kepatuhan dan transparansi dalam proses pengelolaannya.                 throughout the waste management process.


Pada aspek sosial, Perseroan mengimplementasikan Sistem                 From a social perspective, the Company has implemented
Manajemen Keselamatan dan Kesehatan Kerja (SMK3)                        an Occupational Health and Safety Management System
yang mengacu pada standar ISO 45001:2018, didukung                      (OHSMS) based on ISO 45001:2018, supported by various
oleh berbagai program pelatihan keselamatan kerja dan                   occupational         safety      training       programs      and    technical
pengembangan kompetensi teknis karyawan. Upaya tersebut                 competency development initiatives for employees. These
dilakukan untuk menciptakan lingkungan kerja yang aman,                 efforts are intended to foster a safe, healthy, and productive
sehat, dan produktif bagi seluruh pekerja.                              working environment for all employees.


Untuk memperkuat praktik tata kelola perusahaan yang baik,              To reinforce Good Corporate Governance practices, the
Perseroan menerapkan Hitachi Group Compliance Policy                    Company has adopted the Hitachi Group Compliance Policy
(HGCP) sebagai pedoman perilaku dan kepatuhan dalam                     (HGCP) as the primary guideline for ethical conduct and
menjalankan kegiatan usaha. Perseroan juga menerapkan                   compliance in conducting its business activities. The Company


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kebijakan zero tolerance terhadap praktik korupsi melalui             also enforces a zero-tolerance policy against corruption
penyelenggaraan pelatihan antikorupsi, penguatan sistem               through anti-corruption training, the strengthening of internal
pengendalian internal, serta penerapan klausul antikorupsi            control systems, and the incorporation of anti-corruption
dalam berbagai perjanjian bisnis.                                     clauses into business agreements.


Selain itu, Perseroan terus mendorong inovasi melalui                 Furthermore, the Company continues to drive innovation
pengembangan layanan remanufacturing dan digitalisasi                 through the development of remanufacturing services and the
layanan guna meningkatkan efisiensi operasional, transparansi         digitalization of its services to improve operational efficiency,
proses bisnis, serta kualitas pelayanan kepada pelanggan.             enhance business process transparency, and deliver superior
Untuk menjaga daya saing dan ketahanan finansial di                   customer service. To maintain competitiveness and financial
tengah dinamika pasar, Perseroan juga menyediakan skema               resilience amid changing market conditions, the Company also
penyewaan alat berat dan program trade-in yang memberikan             offers heavy equipment rental schemes and trade-in programs,
fleksibilitas lebih besar bagi pelanggan dalam memenuhi               providing customers with greater flexibility in meeting their
kebutuhan operasionalnya.                                             operational requirements.


Komitmen Pimpinan dalam Menerapkan Keuangan                           Management's Commitment to Implementing
Berkelanjutan                                                         Sustainable Finance
Kami meyakini bahwa keberlanjutan merupakan fondasi                   We believe that sustainability is a fundamental pillar for
penting       dalam       menjaga        pertumbuhan   usaha   yang   maintaining sustainable business growth and creating long-
berkesinambungan dan menciptakan nilai jangka panjang                 term value for all stakeholders. Accordingly, we are committed
bagi seluruh pemangku kepentingan. Oleh karena itu, kami              to integrating economic, environmental, social, and governance
berkomitmen untuk mengintegrasikan aspek ekonomi,                     considerations into our business strategy and decision-making
lingkungan, sosial, dan tata kelola ke dalam strategi bisnis serta    processes across all levels of the organization.
proses pengambilan keputusan di seluruh tingkat organisasi.


Dalam menghadapi dinamika industri alat berat dan tantangan           In response to the evolving dynamics of the heavy equipment
operasional yang terus berkembang, kami secara konsisten              industry and increasingly complex operational challenges, we
mendorong penerapan praktik bisnis yang lebih efisien dan             consistently promote more efficient and responsible business
bertanggung jawab. Upaya tersebut diwujudkan melalui                  practices. These efforts include improving energy efficiency,
peningkatan efisiensi energi, pengurangan emisi gas rumah             reducing greenhouse gas emissions, utilizing environmentally
kaca, pemanfaatan teknologi ramah lingkungan seperti                  friendly technologies such as electric excavators, and
ekskavator listrik, serta penggunaan sistem telematik untuk           implementing telematics systems to monitor fuel consumption
memantau konsumsi bahan bakar dan kinerja operasional                 and operational performance more effectively.
secara lebih efektif.


Kami juga memberikan perhatian besar terhadap aspek sosial            We also place strong emphasis on social aspects by strengthening
melalui penguatan budaya kesehatan dan keselamatan kerja,             our occupational health and safety culture, enhancing employee
pengembangan kompetensi karyawan, serta peningkatan                   competencies, and continuously improving the quality of
kualitas sumber daya manusia. Penerapan Sistem Manajemen              our human capital. The implementation of an Occupational
Keselamatan dan Kesehatan Kerja (SMK3) yang mengacu pada              Health and Safety Management System (OHSMS) based on
standar ISO 45001:2018 menjadi salah satu wujud komitmen              ISO 45001:2018 reflects our commitment to providing a safe,
kami dalam menciptakan lingkungan kerja yang aman, sehat,             healthy, and productive working environment for all Company
dan produktif bagi seluruh insan Perseroan.                           personnel.


Pada aspek tata kelola, kami menjunjung tinggi integritas,            From a governance perspective, we uphold the principles of
transparansi, dan akuntabilitas dalam setiap kegiatan usaha.          integrity, transparency, and accountability in every aspect of
Melalui penerapan kebijakan zero tolerance terhadap korupsi,          our business operations. Through the implementation of a
penguatan budaya kepatuhan, serta integrasi prinsip-prinsip           zero-tolerance policy against corruption, the strengthening of
antikorupsi dalam proses bisnis, kami berupaya memastikan             our compliance culture, and the integration of anti-corruption
bahwa pertumbuhan Perseroan tidak hanya menghasilkan                  principles into our business processes, we strive to ensure


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 Profil Perusahaan | Company Profile                                                                    Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




kinerja ekonomi yang berkelanjutan, tetapi juga memberikan                                              that the Company's growth not only delivers sustainable
manfaat positif bagi lingkungan, masyarakat, dan seluruh                                                economic performance but also creates positive value for the
pemangku kepentingan.                                                                                   environment, society, and all stakeholders.


PENERAPAN KEUANGAN BERKELANJUTAN                                                                        IMPLEMENTATION OF SUSTAINABLE FINANCE
[D.1.B]

Perseroan menerapkan prinsip-prinsip keuangan berkelanjutan                                             The Company implements sustainable finance principles by
dengan        mengintegrasikan                aspek        ekonomi,           lingkungan,               integrating economic, environmental, social, and governance
sosial, dan tata kelola ke dalam strategi bisnis serta kegiatan                                         (ESG) considerations into its business strategy and operational
operasional. Melalui pendekatan tersebut, Perseroan berupaya                                            activities. Through this approach, the Company seeks to
menciptakan            pertumbuhan               usaha         yang       berkelanjutan,                achieve sustainable business growth, manage risks responsibly,
mengelola risiko secara bertanggung jawab, meningkatkan                                                 enhance operational efficiency, and create added value for its
efisiensi operasional, serta memberikan nilai tambah bagi para                                          stakeholders while taking into account the long-term impacts
pemangku kepentingan dengan tetap memperhatikan dampak                                                  of its operations on the environment and society.
jangka panjang terhadap lingkungan dan masyarakat.


Pencapaian Kinerja Penerapan Keberlanjutan                                                              Sustainability Performance Achievement Against
Dibandingkan dengan Target [D.1.A]                                                                      Targets
Sepanjang          tahun        2025,        Perseroan           terus       memperkuat                 Throughout 2025, the Company continued to strengthen its
kinerja keberlanjutan melalui berbagai inisiatif pada aspek                                             sustainability performance through various initiatives across
ekonomi, lingkungan, sosial, dan tata kelola. Upaya tersebut                                            the economic, environmental, social, and governance aspects.
menghasilkan perkembangan yang positif dibandingkan                                                     These efforts resulted in positive progress compared with the
periode sebelumnya, sebagaimana tercermin dalam indikator                                               previous period, as reflected in the following sustainability
kinerja keberlanjutan berikut:                                                                          performance indicators:
Pencapaian Kinerja Keberlanjutan [D.1.a, D.1.b]
Sustainability Performance Achievement
                                                                                                                 Capaian
                                                                Satuan                                          Achievement
               Keterangan                                                                                                                                      Description
                                                                  Unit
                                                                                                 FY2025                      FY2024
 Aspek Ekonomi                                                                                                                                                       Economic Aspects
 Penghasilan Neto                                                 USD                               515.423.217                522.714.838                                 Net Revenues
 Laba Tahun Berjalan                                              USD                                15.983.119                  31.061.735                            Profit for the Year
 Aspek Lingkungan Hidup                                                                                                                                          Environmental Aspects
 Penggunaan Energi¹⁾                                                GJ                                     33.960                     37.066                      Energy Consumption¹⁾
 Intensitas Penggunaan Energi¹⁾                                 MJ/USD                                         0,066                   0,071             Energy Consumption Intensity¹⁾
 Pelepasan Emisi²⁾                                               tCO₂e                                         4.223                   4.439              Number of Released Products²⁾
 Intensitas Emisi²⁾                                          gCO₂e/USD                                          8,20                    8,49                        Emission Intensity²⁾
 Timbulan Limbah³⁾                                                 ton                                         137,6                   188,9                          Waste Generated³⁾
 Penggunaan Air                                                     m³                                     18.957                     16.442                                Water Usage
 Intensitas Penggunaan Air                                     ML/USD                                      0,0368                     0,0315                       Water Usage Intensity
 Aspek Sosial                                                                                                                                                            Social Aspects
                                                                 Orang
 Jumlah Karyawan                                                                                               1.979                   1.949                      Number of Employees
                                                                 Person
 Proporsi Karyawan Wanita                                           %                                            8,0                      8,0            Proportion of Female Employees
 Turnover Karyawan                                                  %                                            3,6                      4,4                   Employee Turnover Rate
                                                            Jam/Karyawan
 Rata-Rata Jam Pelatihan                                                                                        21,8                    14,2            Average Employee Training Hours
                                                            Hour/Employee
                                                                   Kali
 Kecelakaan Kerja                                                                                                13                       10                  Number of Work Accidents
                                                                  Time
                                                                  Kasus
 Penyakit Akibat Kerja                                                                                            0                         0           Number of Occupational Diseases
                                                                   Case
 Penyaluran Dana CSR                                              USD                                      55.090                     22.148                  Distribution of CSR Funds
 1)
    Penggunaan energi di dalam dan di Luar Perusahaan |1) Energy consumption within and outside the company.
 2)
    Emisi scope 1, 2, dan 3. | 2) Scope 1, 2, and 3 emissions.
 3)
    Limbah B3 dan non-B3. | 3) Hazardous and non-hazardous waste.




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Prestasi dan Peristiwa Penting Keberlanjutan                                Sustainability Achievements and Significant
                                                                            Milestones
Sepanjang       tahun      2025,      Perseroan    terus    memperkuat      Throughout 2025, the Company continued to strengthen the
implementasi keberlanjutan melalui berbagai inisiatif yang                  implementation of sustainability through various initiatives
mencakup aspek ekonomi, lingkungan, sosial, dan tata kelola.                encompassing      economic,     environmental,     social,    and
Berbagai program yang dijalankan difokuskan pada peningkatan                governance aspects. These initiatives focused on improving
efisiensi    operasional,       pengelolaan       dampak     lingkungan,    operational efficiency, managing environmental impacts,
penguatan budaya keselamatan kerja, pengembangan sumber                     strengthening the occupational safety culture, developing
daya manusia, serta penerapan tata kelola perusahaan yang                   human capital, and reinforcing Good Corporate Governance
baik guna mendukung keberlangsungan usaha dalam jangka                      practices to support the Company's long-term business
panjang.                                                                    sustainability.


Komitmen Perseroan terhadap aspek keselamatan, kesehatan                    The Company's commitment to occupational safety, health,
kerja, dan lingkungan memperoleh pengakuan dari berbagai                    and environmental stewardship was recognized by various
pemangku kepentingan melalui sejumlah penghargaan yang                      stakeholders through a number of awards received during
diraih sepanjang tahun 2025. Penghargaan tersebut antara                    2025. These recognitions included awards in the Zero Accident
lain mencakup kategori Zero Accident, Safety Accountability,                category, Safety Accountability, the Workplace HIV/AIDS
Program Pencegahan dan Penanggulangan HIV/AIDS dan                          and Tuberculosis Prevention and Control Program, the Green
Tuberkulosis di Tempat Kerja, Penghargaan Predikat Hijau                    Rating under the Mitra Kerja Award, the Blue Rating in the
pada Mitra Kerja Award, Peringkat Biru dalam Program                        East Kalimantan Provincial Environmental Performance
Penilaian Kinerja Pengelolaan Lingkungan Hidup Provinsi                     Assessment Program, and the 2025 Paramakarya Award
Kalimantan Timur, serta Penghargaan Paramakarya 2025 dari                   presented by the Ministry of Manpower of the Republic of
Kementerian Ketenagakerjaan Republik Indonesia.                             Indonesia.


Berbagai capaian tersebut mencerminkan komitmen Perseroan                   These achievements reflect the Company's commitment to
untuk terus meningkatkan kinerja keberlanjutan melalui                      continuously enhancing its sustainability performance through
praktik bisnis yang bertanggung jawab, sekaligus menciptakan                responsible business practices while creating sustainable value
nilai tambah yang berkelanjutan bagi seluruh pemangku                       for all stakeholders.
kepentingan.


Tantangan dalam Penerapan Keuangan                                          Challenges in the Implementation of Sustainable
Berkelanjutan [D.1.a]                                                       Finance
Dalam       menerapkan          prinsip      keuangan      berkelanjutan,   In implementing sustainable finance principles, the Company
Perseroan menghadapi berbagai tantangan yang perlu dikelola                 faces various challenges that must be carefully managed
secara cermat untuk memastikan keberlangsungan usaha dan                    to ensure business continuity and the achievement of its
pencapaian target keberlanjutan. Tantangan tersebut berasal                 sustainability targets. These challenges arise from both internal
dari faktor internal maupun eksternal yang memengaruhi                      and external factors that influence the Company's economic,
kinerja ekonomi, lingkungan, sosial, dan tata kelola perusahaan.            environmental, social, and governance performance.
Pada aspek ekonomi, Perseroan menghadapi dinamika industri                  From an economic perspective, the Company operates in an
yang dipengaruhi oleh fluktuasi harga komoditas, perubahan                  industry affected by commodity price fluctuations, changes
kondisi ekonomi global, serta ketidakpastian pasar yang dapat               in global economic conditions, and market uncertainties
memengaruhi tingkat permintaan dari sektor-sektor utama                     that may influence demand from the major sectors utilizing
pengguna alat berat. Kondisi tersebut menuntut Perseroan                    heavy equipment. These conditions require the Company
untuk terus menjaga daya saing dan ketahanan bisnis di tengah               to continuously strengthen its competitiveness and business
perubahan lingkungan usaha yang berlangsung secara cepat.                   resilience amid a rapidly evolving business environment.


Dari aspek lingkungan, tantangan yang dihadapi meliputi                     From an environmental perspective, the Company faces
pengelolaan konsumsi energi, pengurangan emisi gas rumah                    challenges related to energy consumption management,
kaca, pengelolaan limbah operasional secara bertanggung                     greenhouse gas emission reduction, responsible operational
jawab, serta optimalisasi penggunaan teknologi yang lebih                   waste management, and the optimization of environmentally


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 Laporan Manajemen | Management Report                                  Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                    Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




ramah lingkungan. Selain itu, risiko yang terkait dengan                friendly technologies. In addition, climate change risks and
perubahan iklim dan meningkatnya ekspektasi terhadap                    increasing expectations regarding environmental performance
kinerja lingkungan mendorong Perseroan untuk terus                      encourage the Company to continuously enhance the
meningkatkan efektivitas pengelolaan lingkungan dalam                   effectiveness of environmental management across all
seluruh aktivitas operasionalnya.                                       operational activities.


Pada aspek sosial, Perseroan dihadapkan pada tantangan                  From a social perspective, the Company is committed to
untuk terus menjaga standar kesehatan dan keselamatan kerja             maintaining high occupational health and safety standards,
yang tinggi, meningkatkan keberagaman dan inklusivitas di               promoting diversity and inclusivity in the workplace, and
lingkungan kerja, serta memastikan pengembangan kompetensi              ensuring that human capital development remains aligned with
sumber daya manusia yang selaras dengan kebutuhan bisnis                the evolving needs of the business. The Company also strives
yang terus berkembang. Perseroan juga berupaya untuk terus              to generate positive contributions to society through relevant
memberikan kontribusi positif kepada masyarakat melalui                 and sustainable community programs while strengthening
program-program yang relevan dan berkelanjutan, sekaligus               its culture of compliance and the implementation of Good
memperkuat budaya kepatuhan dan penerapan prinsip good                  Corporate Governance principles throughout all business
corporate governance dalam seluruh kegiatan usaha.                      activities.


STRATEGI PENCAPAIAN TARGET [D.1.c]                                      STRATEGIES FOR ACHIEVING TARGETS
Perseroan menerapkan berbagai strategi yang terintegrasi untuk          The Company implements a range of integrated strategies to
mencapai target keberlanjutan yang telah ditetapkan. Strategi           achieve its established sustainability targets. These strategies
tersebut difokuskan pada peningkatan kinerja operasional,               focus on improving operational performance, strengthening
penguatan tata kelola perusahaan, pengelolaan dampak                    corporate governance, managing environmental impacts
lingkungan secara bertanggung jawab, serta pengembangan                 responsibly,        and      fostering          sustainable   human     capital
sumber daya manusia yang berkelanjutan. Selain itu, Perseroan           development. In addition, the Company continues to promote
terus mendorong inovasi, pemanfaatan teknologi, peningkatan             innovation, leverage technology, enhance resource efficiency,
efisiensi penggunaan sumber daya, serta penguatan kolaborasi            and strengthen collaboration with stakeholders to support the
dengan para pemangku kepentingan guna mendukung                         creation of long-term value and sustainable business growth.
terciptanya nilai jangka panjang dan pertumbuhan usaha yang
berkelanjutan.


Pengelolaan Risiko atas Penerapan Keuangan                              Risk Management for the Implementation of
Berkelanjutan                                                           Sustainable Finance
Perseroan menerapkan berbagai strategi untuk mengelola risiko           The Company adopts various strategies to manage risks that
yang dapat memengaruhi pencapaian target keberlanjutan                  may affect the achievement of its sustainability targets across
pada aspek ekonomi, lingkungan, dan sosial. Pada aspek                  the economic, environmental, and social aspects. From an
ekonomi, Perseroan berupaya menjaga ketahanan bisnis di                 economic perspective, the Company seeks to strengthen
tengah dinamika industri, fluktuasi harga komoditas, serta              business resilience amid industry dynamics, commodity
perubahan kondisi ekonomi global melalui penguatan efisiensi            price fluctuations, and changes in global economic conditions
operasional, diversifikasi pasar, pengembangan layanan yang             by improving operational efficiency, diversifying markets,
sesuai dengan kebutuhan pelanggan, dan pengelolaan risiko               developing customer-oriented services, and implementing
yang prudent. Langkah-langkah tersebut dilakukan untuk                  prudent risk management practices. These initiatives are
menjaga stabilitas kinerja dan mendukung pertumbuhan                    undertaken to maintain stable business performance and
usaha yang berkelanjutan.                                               support sustainable growth.


Pada aspek lingkungan, Perseroan fokus pada pengelolaan                 From an environmental perspective, the Company focuses
risiko yang berkaitan dengan konsumsi energi, emisi gas                 on managing risks associated with energy consumption,
rumah kaca, pengelolaan limbah, serta dampak perubahan                  greenhouse gas emissions, waste management, and the impacts
iklim terhadap operasional. Untuk itu, Perseroan terus                  of climate change on its operations. To address these challenges,
meningkatkan efisiensi penggunaan sumber daya, memperkuat               the Company continuously improves resource efficiency,
sistem pengelolaan lingkungan, menerapkan pemantauan                    strengthens its environmental management system, conducts


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dan evaluasi secara berkala, serta mendorong pemanfaatan                   regular monitoring and evaluation, and promotes the adoption
teknologi yang mendukung pengurangan dampak lingkungan                     of technologies that help reduce the environmental impacts of
dari kegiatan usaha.                                                       its business activities.


Sementara itu, pada aspek sosial, Perseroan berupaya memitigasi            Meanwhile, from a social perspective, the Company seeks to
risiko yang berkaitan dengan kesehatan dan keselamatan                     mitigate risks related to occupational health and safety, employee
kerja, pengembangan kompetensi karyawan, keberagaman                       competency development, workforce diversity, and community
tenaga kerja, serta hubungan dengan masyarakat sekitar.                    relations. Various training programs, the strengthening of
Berbagai program pelatihan, penguatan budaya K3, penerapan                 occupational safety culture, the implementation of inclusive
kebijakan yang inklusif, serta pelaksanaan program tanggung                policies, and the continuous execution of corporate social
jawab sosial perusahaan secara berkelanjutan menjadi bagian                responsibility programs form an integral part of the Company's
dari strategi Perseroan dalam menciptakan lingkungan kerja                 strategy to foster a safe, harmonious, and productive working
yang aman, harmonis, dan produktif sekaligus memberikan                    environment while delivering positive benefits to communities
manfaat bagi masyarakat dan pemangku kepentingan lainnya.                  and other stakeholders.


Pemanfaatan Peluang dan Prospek Usaha                                      Leveraging Opportunities and Business Prospects
Perseroan melihat berbagai peluang yang dapat mendukung                    The Company recognizes a wide range of opportunities to
pencapaian kinerja keberlanjutan sekaligus memperkuat                      enhance its sustainability performance while strengthening
daya saing usaha di masa mendatang. Pada aspek ekonomi,                    its future business competitiveness. From an economic
peluang tersebut berasal dari kebutuhan industri terhadap                  perspective, these opportunities arise from growing industry
solusi alat berat yang semakin beragam, perkembangan sektor                demand for more diverse heavy equipment solutions,
pertambangan, perkebunan, konstruksi, dan infrastruktur,                   the continued development of the mining, plantation,
serta meningkatnya kebutuhan pelanggan terhadap layanan                    construction, and infrastructure sectors, and increasing
yang lebih efisien dan bernilai tambah. Untuk memanfaatkan                 customer demand for more efficient, value-added services. To
peluang tersebut, Perseroan terus memperkuat portofolio                    capitalize on these opportunities, the Company continues to
produk dan layanannya melalui peluncuran HSA Mobile                        strengthen its product and service portfolio through the launch
Apps, ConSite Genuine Coolant 30% dan 50%, ZX550LC-                        of HSA Mobile Apps, ConSite Genuine Coolant 30% and 50%,
7G, ZX350LC-7G Material Handling, serta Foton EV. Selain                   ZX550LC-7G, ZX350LC-7G Material Handling, and Foton
itu, Perseroan juga memperkenalkan ban TIANLI kepada                       EV. In addition, the Company has introduced TIANLI tires to
pelanggan, memperluas layanan rental, mengembangkan                        customers, expanded its equipment rental services, enhanced
layanan pemeliharaan dan perbaikan yang lebih kompetitif,                  its maintenance and repair services, and broadened its range of
serta menyediakan pilihan suku cadang yang semakin lengkap                 spare parts to deliver greater value to customers.
guna meningkatkan nilai tambah bagi pelanggan.


Pada aspek lingkungan, meningkatnya kesadaran terhadap                     From an environmental perspective, growing awareness of the
pentingnya pengelolaan lingkungan yang berkelanjutan                       importance of sustainable environmental management has
membuka peluang bagi Perseroan untuk mengembangkan                         created opportunities for the Company to develop initiatives
berbagai inisiatif yang mendukung efisiensi sumber daya dan                that promote resource efficiency and reduce environmental
pengurangan dampak lingkungan. Perseroan memanfaatkan                      impacts. The Company has leveraged these opportunities
peluang       tersebut      melalui          penggunaan   panel   surya,   through the use of solar panels, the development of electric-
pengembangan alat berat bertenaga listrik, penerapan program               powered heavy equipment, the implementation of the Reduce,
Reduce, Reuse, Recycle (3R), pengembangan program                          Reuse, Recycle (3R) program, the expansion of its component
remanufacturing komponen, penggunaan teknologi Vehicle                     remanufacturing program, the utilization of Vehicle Telematics
Telematics (VT), digitalisasi dokumen, serta kolaborasi dengan             (VT) technology, document digitalization, and collaboration
pemerintah, lembaga masyarakat, dan mitra usaha dalam                      with government agencies, community organizations, and
mendukung berbagai program lingkungan.                                     business partners in supporting various environmental
                                                                           initiatives.




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 Ikhtisar 2025 | 2025 Highlights                                              Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                        Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                          Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Sementara itu, pada aspek sosial, Perseroan melihat peluang                   Meanwhile, from a social perspective, the Company sees
untuk meningkatkan kualitas sumber daya manusia dan                           opportunities to further enhance the quality of its human
memperluas kontribusi sosial kepada masyarakat. Berbagai                      capital while expanding its social contributions to communities.
program       pendidikan,         pelatihan      teknis,      pengembangan    Various education programs, technical training, competency
kompetensi,        layanan        kesehatan,        serta      pemberdayaan   development initiatives, healthcare services, and community
masyarakat terus dikembangkan guna mendukung terciptanya                      empowerment programs continue to be developed to support
sumber daya manusia yang unggul dan berdaya saing.                            the creation of a highly capable and competitive workforce. The
Perseroan juga mendorong pelaksanaan program CSR yang                         Company also promotes CSR programs aligned with the SDGs,
selaras dengan SDGs, penguatan kompetensi melalui pelatihan                   strengthens employee competencies through Basic Technical
Basic Technical Skill dan sertifikasi K3, serta pengembangan                  Skill training and occupational safety certification, and fosters
hubungan industrial yang harmonis melalui forum komunikasi                    harmonious industrial relations through communication
antara manajemen dan karyawan.                                                forums between management and employees.


Situasi Eksternal Terkait Ekonomi, Lingkungan                                 External Economic, Environmental, and Social
Hidup, dan Sosial                                                             Conditions
Dinamika industri alat berat pada tahun 2025 masih                            The heavy equipment industry in 2025 continued to be
dipengaruhi oleh fluktuasi harga komoditas, perubahan pola                    influenced by commodity price fluctuations, changing
investasi, serta ketidakpastian ekonomi global yang berdampak                 investment patterns, and global economic uncertainty, all
pada aktivitas sektor pertambangan, perkebunan, konstruksi,                   of which affected activities across the mining, plantation,
dan kehutanan. Di sisi lain, kebutuhan terhadap peningkatan                   construction, and forestry sectors. At the same time, the
produktivitas dan efisiensi operasional di berbagai sektor                    increasing need for higher productivity and greater operational
tersebut tetap menjadi faktor yang mendukung permintaan                       efficiency across these sectors continued to support demand
terhadap produk dan layanan Perseroan.                                        for the Company's products and services.


Pada aspek lingkungan, meningkatnya perhatian terhadap                        From an environmental perspective, growing attention to
transisi energi, pengurangan emisi gas rumah kaca, dan                        the energy transition, greenhouse gas emission reduction,
pengelolaan sumber daya yang lebih efisien mendorong industri                 and more efficient resource management has encouraged
alat berat untuk terus beradaptasi dengan perkembangan                        the heavy equipment industry to adapt continuously to the
teknologi yang lebih ramah lingkungan. Kondisi ini                            development of environmentally friendly technologies. These
menciptakan kebutuhan yang semakin besar terhadap solusi                      conditions have created increasing demand for operational
operasional yang mampu mendukung produktivitas sekaligus                      solutions capable of improving productivity while minimizing
meminimalkan dampak lingkungan.                                               environmental impacts.


Sementara itu, pada aspek sosial, kebutuhan akan tenaga                       Meanwhile, from a social perspective, the need for a competent
kerja yang kompeten, budaya keselamatan kerja yang kuat,                      workforce, a strong occupational safety culture, and rising
serta peningkatan ekspektasi masyarakat terhadap kontribusi                   public      expectations         regarding       corporate      contributions
perusahaan menjadi faktor yang semakin penting dalam                          have become increasingly important factors in supporting
mendukung keberlanjutan usaha. Oleh karena itu, Perseroan                     sustainable business growth. Accordingly, the Company
terus memperkuat pengembangan sumber daya manusia,                            continues        to    strengthen         human      capital    development,
penerapan standar kesehatan dan keselamatan kerja, serta                      implement high standards of occupational health and safety,
pelaksanaan program sosial yang memberikan manfaat bagi                       and carry out social programs that deliver tangible benefits to
masyarakat dan lingkungan sekitar wilayah operasional.                        communities and the areas surrounding its operational sites.




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APRESIASI DAN PENUTUP                                             APPRECIATION AND CLOSING
Kami menyampaikan apresiasi yang setinggi-tingginya               We extend our deepest appreciation to the Board of
kepada Dewan Komisaris, Direksi, seluruh Karyawan,                Commissioners, the Board of Directors, all Employees,
Pemegang Saham, serta seluruh Pemangku Kepentingan atas           Shareholders, and all Stakeholders for their trust, support, and
kepercayaan, dukungan, dan kolaborasi yang telah diberikan        collaboration throughout the year. This strong partnership
sepanjang tahun. Sinergi tersebut menjadi fondasi penting         has served as a key foundation for the Company in achieving
bagi Perseroan dalam mewujudkan pertumbuhan yang                  sustainable growth while creating lasting value for the economy,
berkelanjutan sekaligus memberikan nilai tambah bagi aspek        the environment, and society. Moving forward, the Company
ekonomi, lingkungan, dan masyarakat. Ke depan, Perseroan          remains committed to strengthening the implementation of
akan terus memperkuat komitmen terhadap prinsip-prinsip           sustainability principles as part of its ongoing efforts to build a
keberlanjutan sebagai bagian dari upaya menciptakan masa          better future for all stakeholders.
depan yang lebih baik bagi seluruh pemangku kepentingan.




                                                      Jakarta, July 2026

                                                    Atas Nama Direksi
                                             On Behalf of the Board of Directors
                                               PT Hexindo Adiperkasa Tbk




                                                      Dwi Swasono
                                                     Presiden Direktur
                                                     President Director




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    Ikhtisar 2025 | 2025 Highlights                                                Tata Kelola Perusahaan | Corporate Governance
    Laporan Manajemen | Management Report                                          Laporan Keberlanjutan | Sustainability Report
    Profil Perusahaan | Company Profile                                            Laporan Keuangan | Financial Report
    Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Aspek Tata Kelola
Governance Aspect




                                                                          Anti Korupsi
                         Topik Material yang                              Anti-Corruption
                         Tercakup [3-2]
                         Material Topic Covered



KOMITMEN TERHADAP TATA KELOLA YANG                                                 COMMITMENT TO SUSTAINABLE
BERKELANJUTAN [3-3]                                                                GOVERNANCE
Sebagai wujud implementasi prinsip-prinsip GCG yang                                As part of its commitment to implementing Good Corporate
berlandaskan transparansi, akuntabilitas, dan responsibilitas,                     Governance (GCG) principles based on transparency,
Perseroan mengintegrasikan kebijakan antikorupsi sebagai                           accountability, and responsibility, the Company has integrated
bagian dari pedoman GCG Perusahaan. Peran tata kelola dalam                        its Anti-Corruption Policy into its corporate governance
upaya ini diwujudkan melalui penguatan fungsi pengawasan                           framework. Governance plays a critical role in this commitment
dan kontrol internal oleh manajemen, serta penerapan sistem                        through the strengthening of management oversight and
pelaporan yang mendukung pencegahan dan penanganan                                 internal control functions, supported by reporting mechanisms
pelanggaran.                                                                       that facilitate the prevention, detection, and resolution of
                                                                                   violations.


Dampak dan Pengelolaan Dampak [E.5]                                                Impacts and Impact Management
Kegiatan operasional Perseroan berpotensi menimbulkan                              The Company's operational activities are exposed to potential
risiko korupsi, seperti mark-up harga dan praktik suap                             corruption risks, including price mark-ups and bribery
dalam proses pengadaan alat berat. Risiko-risiko ini dapat                         practices in the heavy equipment procurement process. These
menyebabkan pembengkakan biaya, mendorong praktik bisnis                           risks may result in increased costs, encourage unfair business
yang tidak sehat, serta memperparah ketimpangan sosial.                            practices, and contribute to wider social inequality. To mitigate
Untuk memitigasi dampak tersebut, Perseroan secara aktif                           these potential impacts, the Company conducts due diligence
melakukan due diligence terhadap mitra bisnis, melarang                            on business partners, strictly prohibits all forms of gifts and
segala        bentuk       pemberian         hadiah/entertainment,         serta   entertainment, and provides anti-corruption training to
memberikan pelatihan tentang antikorupsi kepada karyawan.                          employees.


Komitmen dan Kebijakan                                                             Commitment and Policy
Komitmen            antikorupsi        Perseroan        diwujudkan       melalui   The Company's anti-corruption commitment is reflected in the
penerapan Kebijakan Antikorupsi yang sejalan dengan                                implementation of its Anti-Corruption Policy, which is aligned
HCM Jepang Group Standards of Conduct. Kebijakan ini                               with the HCM Japan Group Standards of Conduct. This
menetapkan prinsip zero tolerance terhadap segala bentuk                           policy establishes a zero-tolerance approach toward all forms
suap, termasuk larangan pemberian fasilitas kepada pejabat                         of bribery, including the prohibition of providing benefits to
publik, serta mewajibkan pelaporan pelanggaran melalui                             public officials, and requires the reporting of violations through
sistem whistleblowing. Implementasi kebijakan ini diwujudkan                       the whistleblowing system. The policy is implemented through
melalui:                                                                           the following measures:


•       Pembentukan Komite Kepatuhan dan Manajemen Risiko                          •      Establishment of the Compliance and Risk Management
        yang berperan dalam mengawasi pelaksanaan kepatuhan;                              Committee to oversee compliance implementation;
•       Integrasi klausul antikorupsi ke dalam seluruh kontrak                     •      Integration of anti-corruption clauses into all business
        bisnis; dan                                                                       contracts; and



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•     Penerapan mekanisme multilevel approval untuk setiap          •    Implementation of a multi-level approval mechanism for
      pembayaran kepada mitra bisnis.                                    all payments made to business partners.


Tindakan dan Efektivitas                                            Actions and Effectiveness
Dalam memperkuat budaya antikorupsi, Departemen Legal               To strengthen its anti-corruption culture, the Legal
bekerja sama dengan Divisi HC dalam menyelenggarakan                Department collaborates with the HC Division in conducting
program edukasi dan pelatihan antikorupsi. Selain itu,              anti-corruption education and training programs. In addition,
Perseroan juga menjalankan sistem due diligence terhadap            the Company carries out due diligence procedures for business
mitra bisnis serta menyediakan saluran whistleblowing.              partners and provides a whistleblowing channel for reporting
Seluruh inisiatif ini terbukti efektif, yang tercermin dari tidak   suspected violations. These initiatives have proven effective, as
adanya insiden korupsi yang terjadi dan terbukti sepanjang          reflected by the absence of any confirmed corruption incidents
tahun buku 2025.                                                    throughout the 2025 financial year.


Keterlibatan Pemangku Kepentingan                                   Stakeholder Engagement
Bentuk keterlibatan pemangku kepentingan Perseroan dalam            The Company's stakeholder engagement in preventing and
upaya pencegahan dan pemberantasan korupsi, antara lain:            combating corruption includes:
•     Pemerintah menerbitkan regulasi antikorupsi sebagai           •    The Government, through the issuance of anti-corruption
      landasan hukum;                                                    regulations that serve as the legal framework;
•     Dewan Komisaris, Direksi, Komite Kepatuhan dan                •    The Board of Commissioners, the Board of Directors,
      Manajemen Risiko, serta Departemen Audit Internal yang             the Compliance and Risk Management Committee, and
      menjalankan fungsi pengawasan;                                     the Internal Audit Department, which perform oversight
                                                                         functions;
•     Keterlibatan manajemen dan karyawan dalam pelatihan           •    The participation of management and employees in anti-
      antikorupsi; dan                                                   corruption training programs; and
•     Persyaratan penandatanganan pakta integritas oleh mitra       •    The requirement for business partners to sign an integrity
      bisnis sebagai bagian dari kontrak kerja sama.                     pact as part of contractual agreements.


STRUKTUR DAN KOMPOSISI TATA KELOLA                                  GOVERNANCE STRUCTURE AND
[2-9, 405-1]
                                                                    COMPOSITION
Sesuai dengan UU No. 40 Tahun 2007 tentang Perseroan                In accordance with Law No. 40 of 2007 concerning Limited
Terbatas serta Anggaran Dasar Perusahaan, struktur tata kelola      Liability Companies and the Company's Articles of
Perseroan terdiri dari 3 (tiga) organ utama, yaitu Rapat Umum       Association, the Company's governance structure comprises
Pemegang Saham (RUPS), Dewan Komisaris, dan Direksi.                three principal governing bodies: the General Meeting of
Hexindo menerapkan two-tier board system, di mana Dewan             Shareholders (GMS), the Board of Commissioners, and the
Komisaris berperan sebagai Dewan Pengawas (noneksekutif)            Board of Directors. Hexindo adopts a two-tier board system,
dan Direksi sebagai Dewan Manajemen (eksekutif).                    under which the Board of Commissioners serves as the non-
                                                                    executive supervisory board, while the Board of Directors
                                                                    functions as the executive management board.


Dalam pelaksanaan tugasnya, Dewan Komisaris didukung                In carrying out its duties, the Board of Commissioners is
oleh Komite Audit. Sedangkan Direksi didukung oleh Komite           supported by the Audit Committee. Meanwhile, the Board
Kepatuhan dan Manajemen Risiko, Komite Keselamatan Kerja,           of Directors is supported by the Compliance and Risk
Sekretaris Perusahaan, serta Audit Internal. Berikut adalah         Management Committee, the Occupational Safety Committee,
bagan yang menggambarkan struktur Tata Kelola Perseroan:            the Corporate Secretary, and the Internal Audit function.
                                                                    The following diagram illustrates the Company's governance
                                                                    structure:




2025 Annual Report & Sustainability Report                      237                                           PT Hexindo Adiperkasa Tbk

Page 238
 Ikhtisar 2025 | 2025 Highlights                                                      Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                  Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Struktur Tata Kelola
Governance Structure



                                                                               RUPS
                                                                                GMS




                                                                                                                                       Komite Kepatuhan dan
                                                                       Dewan Komisaris                                                  Manajemen Risiko
                                                                      Board of Commissioners                                    Compliance and Risk Management
                                                                                                                                          Committee


                                                                                                                                       Komite Keselamatan dan
             Komite Audit                                                     Direksi                                                    Kesehataan Kerja
            Audit Committee                                             Board of Directors                                            Occupational Safety and Health
                                                                                                                                               Committee




                                       Sekretaris Perusahaan                                             Audit Internal
                                          Corporate Secretary                                             Internal Audit




                     Badan Tata Kelola Tertinggi
                     The Highest Governance Bodies
                     Struktur tata kelola Hexindo menerapkan sistem two-tier board sebagaimana diatur dalam peraturan perundang-undangan di
                     Indonesia. Dalam sistem ini, badan tata kelola tertinggi terdiri dari 2 (dua) organ yang terpisah secara struktural, yaitu Dewan
                     Komisaris dan Direksi, yang masing-masing memiliki peran, tanggung jawab, dan kewenangan yang berbeda namun saling
                     melengkapi. Dewan Komisaris dipimpin oleh Komisaris Utama dan bertugas melakukan pengawasan atas kebijakan pengelolaan
                     serta jalannya pengurusan Perseroan oleh Direksi. Dewan Komisaris juga bertanggung jawab memastikan bahwa manajemen
                     melaksanakan kegiatan usaha sesuai dengan prinsip GCG.

                     Sementara itu, Direksi dipimpin oleh Presiden Direktur dan bertanggung jawab penuh atas pengurusan serta operasional Perseroan
                     sehari-hari. Presiden Direktur menjalankan fungsi eksekutif tertinggi dalam organisasi, yang secara fungsional setara dengan peran
                     Chief Executive Officer (CEO) dalam sistem one-tier. Dengan diterapkannya struktur two-tier board ini, pemilahan peran antara
                     Chairman of the Board dan CEO telah terimplementasi secara sistemik dan kelembagaan. Tidak terdapat konsentrasi kekuasaan
                     pada satu individu, karena fungsi pengawasan dan fungsi pengelolaan dijalankan oleh 2 (dua) organ berbeda yang independen satu
                     sama lain. Pemisahan ini mencerminkan komitmen Hexindo terhadap prinsip check and balance, transparansi, dan akuntabilitas
                     dalam menjalankan GCG.

                     Hexindo adopts a two-tier board governance structure in accordance with the prevailing laws and regulations of Indonesia. Under this
                     governance model, the Company's highest governing body comprises two structurally separate organs, namely the Board of Commissioners
                     and the Board of Directors, each of which has distinct yet complementary roles, responsibilities, and authorities. The Board of Commissioners
                     is chaired by the President Commissioner and is responsible for supervising the Company's management policies and overseeing the
                     management of the Company by the Board of Directors. The Board of Commissioners also ensures that management conducts the Company's
                     business activities in accordance with the principles of Good Corporate Governance (GCG).

                     Meanwhile, the Board of Directors is led by the President Director and assumes full responsibility for the day-to-day management and
                     operations of the Company. The President Director serves as the highest executive officer within the organization, functionally equivalent
                     to the role of a Chief Executive Officer (CEO) under a one-tier board system. Through the implementation of this two-tier board structure,
                     the roles of the Chairman of the Board and the Chief Executive Officer (CEO) are institutionally and systematically separated. As a result,
                     no concentration of authority rests with a single individual, as the supervisory and executive management functions are carried out
                     independently by two separate governing bodies. This governance structure reflects Hexindo's commitment to the principles of checks and
                     balances, transparency, and accountability in the implementation of Good Corporate Governance.




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Pada akhir tahun buku 2025, struktur tata kelola Perseroan                 As of the end of the 2025 financial year, the Company's
terdiri dari 2 (dua) anggota Dewan Komisaris, yang seluruhnya              governance structure comprised 2 (two) members of the
merupakan Komisaris Independen, serta 8 (delapan) anggota                  Board of Commissioners, all of whom served as Independent
Direksi. Meski demikian, tidak terdapat anggota dari kelompok              Commissioners, and 8 (eight) members of the Board of
sosial yang kurang terwakili dalam struktur tersebut. Rangkap              Directors. However, there were no members representing
jabatan yang dimiliki oleh masing-masing anggota Dewan                     underrepresented social groups within the governance
Komisaris dan Direksi tidak bersifat signifikan karena tidak               structure. Any concurrent positions held by members of the
mengganggu waktu, perhatian, maupun kewajiban mereka di                    Board of Commissioners and the Board of Directors were not
Perusahaan.                                                                considered significant, as they did not interfere with the time,
                                                                           attention, or responsibilities required in carrying out their
                                                                           duties at the Company.
Keberagaman Dewan Komisaris dan Direksi [405-1]
Diversity of the Board of Commissioners and Board of Directors
                                             FY2025                            FY2024                               FY2023
          Uraian            Dewan Komisaris           Direksi       Dewan Komisaris       Direksi      Dewan Komisaris          Direksi
        Description              Board of             Board of          Board of         Board of          Board of             Board of
                               Commissioners          Directors       Commissioners      Directors       Commissioners          Directors
 Jenis Kelamin
 Gender
 Pria
                                       2                   8               2                   9               2                    9
 Male
 Wanita
                                       0                   0               0                   0               0                    0
 Female
 Usia
 Age
 > 50 Tahun
                                       2                   6               2                   7               2                    6
 > 50 Years Old
 30 - 50 Tahun
                                       0                   2               0                   2               0                    3
 30 - 50 Years Old
 < 30 Tahun
                                       0                   0               0                   0               0                    0
 < 30 Years Old
 Kewarganegaraan
 Citizenship
 WNI
                                       2                   2               2                   3               2                    3
 Indonesian Citizen
 WNA
                                       0                   6               0                   6               0                    6
 Foreign National
 Jumlah
                                       2                   8               2                   9               2                    9
 Total



NOMINASI DEWAN KOMISARIS DAN DIREKSI                                       NOMINATION OF THE BOARD OF
[2-9, 2-10]                                                                COMMISSIONERS AND THE BOARD OF
                                                                           DIRECTORS
Proses pencalonan anggota Dewan Komisaris dan Direksi                      The nomination process for members of the Board of
dilaksanakan oleh Dewan Komisaris selaku pelaksana fungsi                  Commissioners and the Board of Directors is carried out
Nominasi dan Remunerasi. Dalam menjalankan fungsi ini,                     by the Board of Commissioners in its capacity as the body
Dewan Komisaris melakukan evaluasi terhadap kelayakan                      performing the Nomination and Remuneration function.
calon berdasarkan kriteria yang telah ditetapkan sebelum                   In performing this function, the Board of Commissioners
diajukan kepada Pemegang Saham dalam RUPS. Penetapan                       evaluates the eligibility of prospective candidates based on
akhir         atas   pencalonan     dilakukan    melalui       mekanisme   the established criteria before submitting the nominations
pemungutan suara dalam RUPS, dengan mempertimbangkan                       to the Shareholders at the General Meeting of Shareholders
masukan dari para pemegang saham.                                          (GMS). Final appointments are determined through the voting
                                                                           mechanism at the GMS, taking into consideration the views of
                                                                           the Shareholders.




2025 Annual Report & Sustainability Report                             239                                           PT Hexindo Adiperkasa Tbk

Page 240
 Ikhtisar 2025 | 2025 Highlights                                                   Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                             Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                               Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Kriteria pemilihan anggota Dewan Komisaris dan/atau Direksi                        The selection criteria for members of the Board of
Perseroan ditetapkan dengan mengacu pada ketentuan yang                            Commissioners and/or the Board of Directors are established
berlaku dalam POJK No. 33/2014, dengan rincian sebagai                             in accordance with the provisions of POJK No. 33/2014 and
berikut:                                                                           include the following requirements:
a.   Memenuhi persyaratan berikut pada saat pengangkatan                           a.     Candidates must satisfy the following requirements at the
     dan selama menjabat:                                                                 time of appointment and throughout their term of office:
     1.     Mempunyai akhlak, moral dan integritas yang baik;                             1.     Possess good character, moral values, and integrity;
     2.     Cakap melakukan perbuatan hukum;                                              2.     Have the legal capacity to perform legal acts.
     3.      Dalam 5 (lima) tahun sebelum pengangkatan dan                                3.     Within the five years prior to appointment and
            selama menjabat:                                                                     during their term of office, candidates must:
             a)    Tidak pernah dinyatakan pailit;                                               a)     Never have been declared bankrupt;
             b)    Tidak       pernah       menjadi        anggota       Dewan                   b)     Never have served as a member of a Board of
                   Komisaris dan/atau Direksi yang dinyatakan                                           Commissioners and/or Board of Directors
                   bersalah       menyebabkan           suatu         perusahaan                        found responsible for causing a company to be
                   dinyatakan pailit;                                                                   declared bankrupt;
             c)    Tidak pernah dihukum karena melakukan                                         c)     Never have been convicted of a criminal offense
                   tindak pidana yang merugikan keuangan                                                involving state financial losses and/or matters
                   negara dan/atau yang berkaitan dengan sektor                                         relating to the financial sector; and
                   keuangan; dan
             d)    Tidak       pernah       menjadi        anggota       Dewan                   d)     Never have served as a member of a Board of
                   Komisaris dan/atau Direksi yang selama masa                                          Commissioners and/or Board of Directors
                   jabatannya:                                                                          during whose tenure:
                   1)     Pernah tidak menyelenggarakan RUPS                                            1)     The Company failed to convene an Annual
                          Tahunan;                                                                             General Meeting of Shareholders;
                   2)     Pertanggungjawabannya sebagai anggota                                         2)     Their accountability as a member of the
                          Dewan Komisaris dan/atau Direksi tidak                                               Board of Commissioners and/or Board
                          diterima oleh RUPS atau pernah tidak                                                 of Directors was rejected by the GMS, or
                          memberikan pertanggungjawaban sebagai                                                they failed to submit accountability to the
                          anggota       Dewan          Komisaris        dan/atau                               GMS; or
                          Direksi kepada RUPS;                                                          3)     The Company failed to fulfill its obligation
                   3)     Pernah menyebabkan perusahaan yang                                                   to submit annual reports and/or financial
                          memperoleh           izin,     persetujuan        atau                               statements to the Financial Services
                          pendaftaran dari OJK tidak memenuhi                                                  Authority (OJK) despite having obtained
                          kewajiban penyampaian laporan tahunan                                                licenses, approvals, or registrations from
                          dan/ atau laporan keuangan kepada OJK.                                               OJK.
b.   Memiliki           komitmen        untuk      mematuhi            peraturan   b.     Demonstrate a commitment to complying with all
     perundangundangan yang berlaku; dan                                                  applicable laws and regulations; and
c.   Memiliki pengetahuan dan/atau keahlian di bidang yang                         c.     Possess the knowledge and/or expertise required by the
     dibutuhkan Perusahaan.                                                               Company.


Sementara itu, kriteria kompetensi yang mempertimbangkan                           At present, competency criteria specifically incorporating ESG
aspek ESG belum diintegrasikan secara khusus dalam proses                          considerations have not yet been integrated into the selection
seleksi anggota Dewan Komisaris dan Direksi.                                       process for members of the Board of Commissioners and the
                                                                                   Board of Directors.


Dalam aspek keberagaman, Perseroan baru menerapkan                                 With respect to diversity, the Company currently applies
kebijakan keberagaman kewarganegaraan, khususnya untuk                             a nationality diversity policy, particularly through the
Direktur Nonresiden sebagai perwakilan dari pemegang saham                         appointment           of     Non-Resident         Directors      representing
mayoritas, yaitu HCM Jepang. Adapun penunjukan Komisaris                           the majority shareholder, HCM Japan. Meanwhile, the
Independen, Perseroan berpedoman pada POJK No. 33/2014,                            appointment of Independent Commissioners is carried out


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yang menetapkan kriteria independensi, termasuk tidak                  in accordance with POJK No. 33/2014, which stipulates
adanya hubungan afiliasi dengan pemegang saham pengendali              independence requirements, including the absence of
serta tidak terlibat dalam kegiatan operasional Perseroan.             affiliation with controlling shareholders and non-involvement
                                                                       in the Company's operational activities.


REMUNERASI DEWAN KOMISARIS DAN                                         REMUNERATION OF THE BOARD OF
DIREKSI [2-19, 2-20]                                                   COMMISSIONERS AND THE BOARD OF
                                                                       DIRECTORS
Penetapan remunerasi Dewan Komisaris dan Direksi                       The remuneration of the Board of Commissioners and the
dilakukan melalui mekanisme yang melibatkan pengawasan                 Board of Directors is determined through a process overseen
oleh fungsi Nominasi dan Remunerasi yang dijalankan oleh               by the Nomination and Remuneration function performed by
Dewan Komisaris. Pemegang saham dilibatkan melalui proses              the Board of Commissioners. Shareholders participate through
RUPS untuk mempertimbangkan dan menyetujui kebijakan                   the General Meeting of Shareholders (GMS) in considering
remunerasi, termasuk pemberian wewenang kepada Dewan                   and approving the remuneration policy, including granting
Komisaris dan/atau Direksi untuk menetapkan sendiri                    authority to the Board of Commissioners and/or the Board of
remunerasinya.                                                         Directors to determine their respective remuneration.


Keputusan dalam RUPS diambil berdasarkan hasil pemungutan              Resolutions at the GMS are adopted through a voting process
suara, sejalan dengan ketentuan peraturan perundang-                   in accordance with the prevailing laws and regulations as
undangan yang berlaku serta Anggaran Dasar Perusahaan.                 well as the Company's Articles of Association. To date, the
Hingga saat ini, Perseroan tidak memiliki kebijakan remunerasi         Company has not established a specific remuneration policy
khusus yang mencakup pembayaran tidak tetap, bonus untuk               covering variable compensation, sign-on bonuses, recruitment
anggota baru, insentif perekrutan, pembayaran pesangon,                incentives, severance payments, clawback mechanisms, or
mekanisme penarikan kembali, maupun tunjangan pensiun                  pension benefits for members of the Board of Commissioners
bagi anggota Dewan Komisaris dan Direksi.                              and the Board of Directors.


Seluruh kebijakan remunerasi disusun dengan mengacu pada               All remuneration policies are formulated based on individual
kinerja individu, kondisi keuangan Perseroan, dan kewajaran            performance, the Company's financial condition, and prevailing
pasar, serta ditetapkan melalui proses yang transparan                 market practices, and are determined through a transparent
dan akuntabel. Adapun hingga saat ini, Perseroan belum                 and accountable process. As of the reporting period, the
mengimplementasikan skema remunerasi yang mengaitkan                   Company has not implemented a remuneration scheme that
kompensasi Dewan Komisaris dan Direksi dengan kinerja                  links the compensation of the Board of Commissioners and the
pengelolaan aspek ESG.                                                 Board of Directors to ESG performance.


PENGELOLAAN BENTURAN KEPENTINGAN [2-15]                                MANAGEMENT OF CONFLICTS OF INTEREST
Hexindo telah menetapkan mekanisme untuk mencegah                      Hexindo has established mechanisms to prevent and manage
dan mengelola benturan kepentingan yang dapat timbul di                conflicts of interest that may arise among members of the
antara anggota Direksi dan Dewan Komisaris. Mekanisme                  Board of Directors and the Board of Commissioners. These
ini dirancang untuk menghindari potensi penyalahgunaan                 mechanisms are designed to prevent the misuse of authority
jabatan dan wewenang demi kepentingan pribadi, keluarga,               and position for personal, family, or group interests that could
atau kelompok tertentu, yang dapat mengganggu independensi             compromise independence and objectivity in the decision-
serta objektivitas mereka dalam proses pengambilan keputusan.          making process.


Ketentuan       mengenai        benturan     kepentingan   tercantum   The Company's conflict-of-interest provisions are set out in
dalam Pedoman Perilaku, Piagam Direksi, dan Piagam                     the Code of Conduct, the Board of Directors Charter, and the
Dewan Komisaris. Seluruh anggota Direksi dan Dewan                     Board of Commissioners Charter. All members of the Board of
Komisaris berkomitmen untuk menjaga profesionalisme                    Directors and the Board of Commissioners are committed to
dan independensi serta menghindari potensi benturan                    maintaining professionalism and independence while avoiding
kepentingan, termasuk dengan menghindari kepemilikan                   potential conflicts of interest, including refraining from share
saham yang dapat menimbulkan konflik, hubungan keluarga                ownership that could create conflicts, family relationships


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  Ikhtisar 2025 | 2025 Highlights                                                 Tata Kelola Perusahaan | Corporate Governance
  Laporan Manajemen | Management Report                                           Laporan Keberlanjutan | Sustainability Report
  Profil Perusahaan | Company Profile                                             Laporan Keuangan | Financial Report
  Analisis & Pembahasan Manajemen | Management Discussion & Analysis




dengan pihak terkait, maupun keterlibatan dalam keputusan                         with related parties, and participation in decisions involving
yang mengandung benturan kepentingan.                                             conflicts of interest.


Hingga akhir tahun buku 2025, tidak terdapat anggota Direksi                      As of the end of the 2025 financial year, no member of the
dan Dewan Komisaris Perseroan yang memiliki saham di                              Board of Directors or the Board of Commissioners held shares
Hexindo secara langsung maupun tidak langsung. Informasi                          in Hexindo, either directly or indirectly. Information regarding
mengenai hubungan afiliasi antara anggota Direksi, Dewan                          affiliations among members of the Board of Directors, the
Komisaris, dan Pemegang Saham Utama dan/atau Pengendali                           Board of Commissioners, and the Major and/or Controlling
dapat ditemukan pada bagian Direksi dan Dewan Komisaris                           Shareholders is presented in the Board of Directors and Board
dalam Laporan Ini.                                                                of Commissioners section of this Report.


Perseroan melakukan transaksi dengan pihak berelasi sesuai                        The Company conducts related-party transactions in
ketentuan POJK No. 42/POJK.04/2020 tentang Transaksi                              accordance with POJK No. 42/POJK.04/2020 concerning
Afiliasi dan Transaksi Benturan Kepentingan. Transaksi                            Affiliated Transactions and Conflict of Interest Transactions.
tersebut merupakan kegiatan usaha rutin dan dilaksanakan                          Such transactions are part of the Company's ordinary course
dengan prinsip kewajaran (arm’s length principle), sesuai                         of business and are conducted based on the arm's length
dengan ketentuan perundang-undangan, serta dilaporkan                             principle, in compliance with applicable laws and regulations,
kepada OJK. Informasi mengenai sifat hubungan afiliasi,                           and are duly reported to OJK. Information regarding the nature
jenis transaksi, serta saldo transaksi diungkapkan pada dalam                     of affiliated relationships, transaction types, and outstanding
Laporan Keuangan Perseroan.                                                       balances is disclosed in the Company's Financial Statements.


Setiap anggota Direksi dan Dewan Komisaris wajib                                  Each member of the Board of Directors and the Board of
mengungkapkan             secara       transparan        potensi       benturan   Commissioners is required to disclose transparently any
kepentingan yang dapat mempengaruhi independensi dalam                            potential conflicts of interest that may affect their independence
pengambilan keputusan. Hal ini mencakup, namun tidak                              in decision-making. Such disclosures include, but are not
terbatas pada kepemilikan saham pribadi dan/atau keluarga,                        limited to, personal and/or family share ownership, business
hubungan bisnis, serta jabatan rangkap.                                           relationships, and concurrent positions.


Informasi material terkait potensi konflik kepentingan                            Material information relating to potential conflicts of interest is
tersebut disampaikan kepada para pemangku kepentingan                             disclosed to stakeholders through the Annual Report and the
melalui Laporan Tahunan dan Laporan Keuangan yang telah                           audited Financial Statements. These disclosures include share
diaudit. Pengungkapan ini mencakup kepemilikan saham,                             ownership, relationships with related parties, and related-
hubungan dengan pihak terkait, serta transaksi dengan pihak                       party transactions, together with any outstanding balances or
terkait beserta saldo terutang atau kewajiban yang timbul dari                    obligations arising from such transactions.
transaksi tersebut.


MANAJEMEN DAMPAK PERUSAHAAN                                                       MANAGEMENT OF THE COMPANY'S IMPACTS
[2-12, 2-13] [E.1, E.3]

Dewan Komisaris dan Direksi berperan dalam menyetujui dan                         The Board of Commissioners and the Board of Directors are
mengawasi pelaksanaan kebijakan keberlanjutan Perusahaan                          responsible for approving and overseeing the implementation
yang diselaraskan dengan pedoman dari HCM Jepang selaku                           of the Company's sustainability policies, which are aligned
entitas induk. Dalam pelaksanaannya, Direksi mendelegasikan                       with the guidelines established by HCM Japan as the parent
pengelolaan isu-isu ESG kepada unit-unit terkait melalui                          entity. In carrying out these responsibilities, the Board of
mekanisme pelaporan triwulanan dan tahunan yang mencakup                          Directors delegates the management of ESG-related matters to
evaluasi kinerja operasional, dampak terhadap lingkungan dan                      the relevant organizational units through quarterly and annual
sosial, serta tindak lanjut atas pemantauan risiko keberlanjutan.                 reporting mechanisms covering operational performance
                                                                                  evaluations, environmental and social impacts, as well as
                                                                                  follow-up actions arising from sustainability risk monitoring.




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Departemen CP & SMO bertanggung jawab atas pelaksanaan            The CP & SMO Department is responsible for implementing
program CSR, yang dirancang berdasarkan hasil identifikasi        the Company's CSR programs, which are designed based on
dampak sosial. Realisasi dan capaian program CSR ini              the results of social impact assessments. The implementation
dilaporkan secara berkala kepada Direksi. Sementara               and performance of these CSR programs are reported regularly
itu, Departemen QSHE mengelola aspek lingkungan dan               to the Board of Directors. Meanwhile, the QSHE Department
keselamatan kerja, dengan dukungan sistem manajemen               oversees environmental and occupational safety matters,
terstandarisasi ISO 9001, ISO 14001, dan ISO 45001.               supported by management systems certified to ISO 9001, ISO
                                                                  14001, and ISO 45001 standards.


Proses identifikasi dampak ESG dilakukan secara partisipatif      The ESG impact identification process is conducted through
dengan melibatkan pemangku kepentingan eksternal seperti          a participatory approach involving external stakeholders,
LSM, pelanggan, pemerintah daerah, dan masyarakat lokal.          including      non-governmental      organizations      (NGOs),
Masukan dari para pemangku kepentingan ini menjadi bahan          customers, local governments, and local communities. Input
pertimbangan penting dalam perumusan program CSR,                 from these stakeholders serves as an important consideration
pengambilan keputusan operasional, serta evaluasi terhadap        in formulating CSR programs, supporting operational
kinerja keberlanjutan Perusahaan.                                 decision-making, and evaluating the Company's sustainability
                                                                  performance.


Pemantauan terhadap aspek risiko, termasuk risiko terkait         The monitoring of risks, including ESG-related risks, is carried
ESG, dilakukan oleh Komite Kepatuhan dan Manajemen                out by the Compliance and Risk Management Committee,
Risiko yang dikepalai oleh Kepala Departemen Legal. Hasil         which is chaired by the Head of the Legal Department. The
pemantauan tersebut disampaikan secara berkala kepada             results of this monitoring are reported regularly to the Board of
Direksi sebagai bahan evaluasi dalam pengembangan kebijakan       Directors as the basis for evaluating policies and continuously
dan penyempurnaan praktik keberlanjutan.                          improving the Company's sustainability practices.


Dewan Komisaris menjalankan fungsi pengawasan melalui             The Board of Commissioners performs its oversight function
mekanisme pelaporan dari Direksi, dengan fokus pada               through reporting mechanisms established by the Board of
keselarasan antara strategi keberlanjutan Perusahaan dan          Directors, with particular emphasis on ensuring alignment
kebijakan grup HCM Jepang, dalam rangka memastikan                between the Company's sustainability strategy and the policies
praktik keberlanjutan Perusahaan berjalan sejalan dengan          of the HCM Japan Group, thereby ensuring that the Company's
kebijakan HCM Jepang.                                             sustainability practices remain consistent with the Group's
                                                                  sustainability framework.


KOMUNIKASI MASALAH PENTING [2-16, 2-26]                           COMMUNICATION OF CRITICAL ISSUES
Hexindo telah menetapkan mekanisme yang sistematis untuk          Hexindo has established a systematic mechanism for
mengidentifikasi, mengelola, dan mengkomunikasikan isu-isu        identifying, managing, and communicating critical issues
kritis kepada Direksi dan Dewan Komisaris. Masalah kritis         to the Board of Directors and the Board of Commissioners.
mencakup isu-isu yang berpotensi memberikan dampak                Critical issues include matters that may have significant
signifikan terhadap operasional, keuangan, reputasi, kepatuhan    impacts on the Company's operations, financial performance,
terhadap peraturan yang berlaku, serta aspek keberlanjutan        reputation, regulatory compliance, and other sustainability
lainnya seperti ekonomi, sosial, lingkungan, dan HAM.             aspects, including economic, social, environmental, and
                                                                  human rights matters.


Penyampaian isu-isu tersebut dilakukan melalui jalur              Such issues are communicated through structured reporting
komunikasi yang terstruktur, disesuaikan dengan karakteristik     channels tailored to their nature and level of urgency. Under
dan tingkat urgensinya. Dalam situasi umum, karyawan dapat        normal circumstances, employees may report issues through
melaporkan permasalahan melalui jalur hierarki formal,            the formal reporting hierarchy, beginning with their immediate
dimulai dari atasan langsung yang kemudian dapat meneruskan       supervisors, who may escalate the matter to higher levels of
laporan tersebut ke jenjang manajerial yang lebih tinggi sesuai   management according to the nature of the issue and the level
dengan kebutuhan dan tingkat risiko yang diidentifikasi.          of risk identified.


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Page 244
 Ikhtisar 2025 | 2025 Highlights                                             Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                       Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                         Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Untuk isu-isu yang bersifat sensitif atau berisiko tinggi, seperti           For sensitive or high-risk matters, such as suspected fraud,
dugaan fraud, pelanggaran HAM, atau pelanggaran kepatuhan,                   human rights violations, or compliance breaches, the
Perusahaan menyediakan saluran pelaporan khusus melalui                      Company provides a dedicated reporting channel through
mekanisme whistleblowing yang dikelola oleh Divisi Audit                     its whistleblowing mechanism, which is administered by
Internal. Laporan yang diterima melalui saluran ini akan                     the Internal Audit Division. Reports submitted through this
diverifikasi dan ditindaklanjuti oleh Komite Kepatuhan dan                   channel are verified and followed up by the Compliance and
Manajemen Risiko, dan disampaikan kepada Direksi jika                        Risk Management Committee before being escalated to the
terbukti valid.                                                              Board of Directors when substantiated.


Di sisi lain, isu-isu yang berkaitan dengan hubungan industrial              Meanwhile, matters relating to industrial relations or employee
atau pemenuhan hak-hak karyawan disalurkan melalui forum                     rights are addressed through a bipartite forum involving
bipartit antara manajemen dan perwakilan serikat pekerja.                    management and employee union representatives. This forum
Forum ini berfungsi sebagai wadah komunikasi resmi untuk                     serves as the Company's formal communication platform for
membahas dan mencari solusi atas permasalahan yang                           discussing issues and identifying appropriate solutions before
dihadapi sebelum disampaikan kepada Direksi.                                 they are escalated to the Board of Directors.


Apabila suatu masalah dinilai memiliki dampak strategis                      Where an issue is considered to have strategic implications or
atau mengandung risiko tinggi terhadap keberlangsungan                       poses significant risks to the Company's business continuity,
Perusahaan, Direksi akan membahasnya dalam rapat internal                    the Board of Directors will deliberate on the matter through
dan/atau rapat gabungan dengan Dewan Komisaris guna                          internal meetings and/or joint meetings with the Board of
memperoleh arahan dan keputusan strategis.                                   Commissioners to obtain strategic direction and appropriate
                                                                             decisions.


PENGEMBANGAN KOMPETENSI                                                      SUSTAINABILITY COMPETENCY
KEBERLANJUTAN [2-9, 2-17]                                                    DEVELOPMENT
Perseroan menyadari bahwa penerapan prinsip keberlanjutan                    The Company recognizes that the effective implementation of
yang efektif memerlukan dukungan kompetensi yang memadai                     sustainability principles requires the Board of Commissioners
dari Dewan Komisaris dan Direksi. Oleh karena itu, Perseroan                 and the Board of Directors to possess adequate competencies.
secara berkelanjutan mendorong pengembangan pengetahuan                      Accordingly, the Company continuously promotes the
dan pemahaman terkait aspek ekonomi, lingkungan, sosial,                     enhancement of knowledge and understanding relating to
dan tata kelola (Environmental, Social, and Governance atau                  economic, environmental, social, and governance (ESG)
ESG) melalui berbagai program pengembangan kompetensi,                       matters through various competency development programs,
seminar, pelatihan, maupun forum diskusi yang relevan                        seminars, training sessions, and discussion forums that are
dengan perkembangan industri dan praktik keberlanjutan.                      relevant to industry developments and evolving sustainability
                                                                             practices.


Selain kompetensi yang mendukung pelaksanaan fungsi                          In addition to strengthening the competencies required to
pengawasan dan pengelolaan perusahaan, Dewan Komisaris                       perform their supervisory and management functions, members
dan Direksi juga didorong untuk memperdalam pemahaman                        of the Board of Commissioners and the Board of Directors are
mengenai isu-isu keberlanjutan yang dapat memengaruhi                        encouraged to deepen their understanding of sustainability
kinerja dan keberlangsungan usaha Perseroan. Upaya                           issues that may affect the Company's performance and long-
tersebut diharapkan dapat memperkuat kualitas pengambilan                    term business continuity. These initiatives are expected
keputusan strategis sekaligus mendukung integrasi aspek                      to enhance the quality of strategic decision-making while
keberlanjutan dalam kegiatan usaha Perseroan.                                supporting the integration of sustainability considerations into
                                                                             the Company's business activities.


Informasi lebih lanjut mengenai partisipasi Dewan Komisaris                  Further information regarding the participation of the
dan    Direksi      dalam       berbagai       kegiatan       pengembangan   Board of Commissioners and the Board of Directors in
kompetensi dapat dilihat pada bagian Kegiatan Pengembangan                   competency development programs is presented in the Board




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Kompetensi Dewan Komisaris dan Kegiatan Pengembangan                            of Commissioners Competency Development Activities and
Kompetensi Direksi dalam Laporan ini.                                           Board of Directors Competency Development Activities
                                                                                sections of this Report.


EVALUASI KINERJA DEWAN KOMISARIS DAN                                            PERFORMANCE EVALUATION OF THE BOARD
DIREKSI [2-18]                                                                  OF COMMISSIONERS AND THE BOARD OF
                                                                                DIRECTORS
Perseroan melakukan evaluasi kinerja terhadap Dewan                             The Company conducts performance evaluations of the Board
Komisaris       dan      Direksi       guna        memastikan     efektivitas   of Commissioners and the Board of Directors to ensure the
pengawasan dan pencapaian tujuan strategis, khususnya                           effectiveness of oversight and the achievement of strategic
terkait      dampak       ekonomi            dan    keberlanjutan     usaha.    objectives, particularly those relating to economic performance
Evaluasi ini dilakukan setiap tahun oleh Dewan Komisaris                        and business sustainability. These evaluations are conducted
secara independen, selaku pelaksana fungsi Nominasi                             annually by the Board of Commissioners in its capacity as the
dan Remunerasi, dengan mengacu pada pencapaian Key                              body performing the Nomination and Remuneration function,
Performance Indicators (KPI) tahunan. Selain itu, Direksi dan                   based on the achievement of annual Key Performance Indicators
Dewan Komisaris juga menerapkan kebijakan self-assessment                       (KPIs). In addition, both the Board of Commissioners and the
untuk memperkuat akuntabilitas masing-masing.                                   Board of Directors conduct self-assessments to further strengthen
                                                                                individual and collective accountability.


Hasil evaluasi disampaikan kepada Pemegang Saham melalui                        The results of the evaluations are presented to the
RUPS Tahunan, dan menjadi dasar pengambilan keputusan                           Shareholders at the Annual General Meeting of Shareholders
strategis,    termasuk        rotasi     atau       penggantian     anggota,    (AGMS) and serve as the basis for strategic decisions,
penyusunan ulang strategi operasional, pengembangan                             including board rotation or replacement, the refinement of
kompetensi, dan penyesuaian remunerasi. Hingga akhir tahun                      operational strategies, competency development initiatives,
buku 2025, evaluasi kinerja Direksi dan Dewan Komisaris                         and remuneration adjustments. As of the end of the 2025
masih difokuskan pada kinerja ekonomi dan pengawasan                            financial year, the performance evaluations of the Board of
kinerja Perusahaan, adapun evaluasi atas kinerja ESG masih                      Commissioners and the Board of Directors remained primarily
dalam tahap perencanaan.                                                        focused on economic performance and the oversight of the
                                                                                Company's overall performance, while the evaluation of ESG
                                                                                performance was still in the planning stage.


MANAJEMEN DAN IMPLEMENTASI                                                      ANTI-CORRUPTION MANAGEMENT AND
ANTIKORUPSI [205-1, 205-2, 205-3]                                               IMPLEMENTATION
Sebagai bagian dari komitmen terhadap GCG, Perseroan telah                      As part of its commitment to Good Corporate Governance
melakukan identifikasi dan penilaian terhadap risiko korupsi                    (GCG), the Company has conducted the identification and
di seluruh aktivitas operasional.                                               assessment of corruption risks across all operational activities.


Untuk mengelola risiko tersebut, Perseroan telah menetapkan                     To manage these risks, the Company has established and
dan menerapkan berbagai kebijakan serta prosedur antikorupsi                    implemented a range of anti-corruption policies and
yang dituangkan dalam Kebijakan Antikorupsi, Pedoman                            procedures, which are set out in the Anti-Corruption Policy,
Perilaku, Piagam Direksi, dan Piagam Dewan Komisaris yang                       the Code of Conduct, the Board of Directors Charter, and
dapat diakses publik melalui situs web resmi Perseroan sebagai                  the Board of Commissioners Charter. These documents are
bentuk transparansi dan akuntabilitas. Selain itu, Perseroan                    publicly accessible through the Company's official website as
juga aktif mengkomunikasikan komitmen antikorupsi melalui                       part of its commitment to transparency and accountability.
media sosial, agar tidak hanya sebatas disampaikan dalam                        In addition, the Company actively communicates its anti-
lingkungan internal, melainkan juga kepada masyarakat luas.                     corruption commitment through social media, ensuring
                                                                                that this commitment is communicated not only within the
                                                                                organization but also to the wider public.




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    Ikhtisar 2025 | 2025 Highlights                                        Tata Kelola Perusahaan | Corporate Governance
    Laporan Manajemen | Management Report                                  Laporan Keberlanjutan | Sustainability Report
    Profil Perusahaan | Company Profile                                    Laporan Keuangan | Financial Report
    Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Selain itu, Direksi dan manajemen memiliki peran penting                   Furthermore, the Board of Directors and management play
dalam mendorong budaya integritas, sekaligus menjadi                       a key role in fostering a culture of integrity while setting the
contoh dalam penerapan standar etika dan kepatuhan. Untuk                  standard for ethical conduct and regulatory compliance. To
memperkuat sistem yang ada, Perseroan telah:                               strengthen its anti-corruption framework, the Company has:
•       Menyediakan sumber daya yang memadai;                              •      Provided adequate resources to support anti-corruption
                                                                                  initiatives;
•       Membentuk Komite Kepatuhan dan Manajemen Risiko;                   •      Established the Compliance and Risk Management
        serta                                                                     Committee; and
•       Melakukan sosialisasi kebijakan kepada karyawan melalui            •      Conducted policy awareness programs for employees
        berbagai media, seperti e-learning, poster, video, email                  through various communication channels, including
        blast, dan materi penyambutan karyawan baru.                              e-learning, posters, videos, email blasts, and new employee
                                                                                  orientation materials.


Hingga akhir tahun buku 2025, kebijakan dan prosedur                       As of the end of the 2025 financial year, the Company's anti-
antikorupsi telah dikomunikasikan kepada seluruh anggota                   corruption policies and procedures had been communicated
Dewan Komisaris, Direksi, karyawan, dan Mitra Bisnis                       to all members of the Board of Commissioners, the Board of
Perseroan. Perseroan secara konsisten menerapkan prinsip                   Directors, employees, and the Company's Business Partners.
integritas dan zero tolerance terhadap segala bentuk korupsi               The Company consistently upholds the principles of integrity
melalui penguatan budaya kepatuhan, sosialisasi kebijakan,                 and a zero-tolerance approach to all forms of corruption
serta penerapan pengendalian internal yang mendukung                       by strengthening its compliance culture, continuously
praktik bisnis yang etis dan bertanggung jawab.                            communicating its policies, and implementing internal control
                                                                           systems that support ethical and responsible business practices.


Sebagai mekanisme pengaduan, Perseroan memiliki Sistem                     As part of its grievance mechanism, the Company has
WBS berdasarkan SK Direksi No. 072/SK-DIR/2016 yang                        established a Whistleblowing System (WBS) based on Board
digunakan untuk menangani laporan terkait:                                 of Directors Decree No. 072/SK-DIR/2016, which is used to
                                                                           handle reports relating to:
•       Pelanggaran Pedoman Perilaku;                                      •      Violations of the Code of Conduct;
•       Pelanggaran hukum dan SOP; serta                                   •      Violations of laws and the Company's Standard Operating
                                                                                  Procedures (SOPs); and
•       Risiko yang berpotensi merugikan secara finansial,                 •      Risks that may result in financial losses, reputational
        reputasi, atau lingkungan.                                                damage, or environmental impacts.


Berbagai inisiatif tersebut berkontribusi terhadap terciptanya             These initiatives have contributed to fostering a clean and high-
lingkungan kerja yang bersih dan berintegritas. Sepanjang                  integrity working environment. Throughout the 2025 financial
tahun buku 2025, Perseroan tidak menghadapi kasus hukum                    year, the Company recorded no confirmed corruption incidents
atau insiden korupsi yang terbukti. Selain itu, tidak terdapat             or legal cases related to corruption. Furthermore, there were no
pemberhentian, sanksi terhadap karyawan, maupun pemutusan                  employee dismissals, disciplinary sanctions, or termination of
hubungan kerja dengan mitra bisnis yang disebabkan oleh                    business relationships with business partners resulting from
pelanggaran tindak pidana korupsi.                                         corruption-related offenses.




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                                                                                                                                 03

Aspek Ekonomi
Economic Aspect




                                                          Kinerja Ekonomi
                      Topik Material                      Economic Performance
                      yang Tercakup [3-2]
                      Material Topic Covered




KOMITMEN TERHADAP KEBERLANJUTAN                                    COMMITMENT TO ECONOMIC
EKONOMI [3-3]                                                      SUSTAINABILITY
Kinerja ekonomi mencerminkan kapabilitas Perusahaan dalam          The Company's economic performance reflects its ability to
menciptakan nilai berkelanjutan bagi pemegang saham dan            create sustainable value for shareholders and stakeholders.
pemangku kepentingan, sehingga Perseroan perlu menjaga             Accordingly, the Company is committed to maintaining sound
stabilitas keuangan guna mendukung keberlanjutan usaha.            financial stability to support long-term business sustainability.


Dampak dan Pengelolaan Dampak [E.5]                                Impacts and Impact Management
Kegiatan usaha Perseroan terus memberikan kontribusi               The Company's business activities continue to contribute to
terhadap pertumbuhan ekonomi nasional melalui penyediaan           national economic growth through the provision of heavy
alat berat dan layanan purna jual bagi sektor-sektor strategis,    equipment and after-sales services for strategic sectors,
seperti pertambangan, konstruksi, kehutanan, dan perkebunan.       including mining, construction, forestry, and plantations. As
Seiring meningkatnya kebutuhan akan produktivitas dan              demand for higher productivity and operational efficiency
efisiensi operasional, Perseroan mendukung berbagai proyek         continues to increase, the Company supports various national
nasional serta aktivitas industri melalui penyediaan solusi alat   projects and industrial activities by delivering reliable heavy
berat yang andal, layanan pemeliharaan, dan inovasi digital        equipment solutions, comprehensive maintenance services,
yang meningkatkan kinerja pelanggan.                               and digital innovations that enhance customer performance.


Di sisi lain, Perseroan menghadapi berbagai tantangan,             At the same time, the Company faces a number of challenges,
antara lain dinamika permintaan alat berat yang dipengaruhi        including fluctuations in heavy equipment demand driven
kondisi ekonomi global, transisi menuju praktik bisnis             by global economic conditions, the transition toward more
yang lebih berkelanjutan, serta meningkatnya ekspektasi            sustainable business practices, and increasing expectations for
terhadap efisiensi energi dan pengurangan emisi. Untuk             energy efficiency and greenhouse gas emission reduction. In
menjawab tantangan tersebut, Perseroan terus memperkuat            response, the Company continues to strengthen its Condition-
layanan Condition-Based Monitoring (CBM), program                  Based Monitoring (CBM) services, expand its component
remanufacturing komponen, digitalisasi layanan melalui HSA         remanufacturing program, accelerate service digitalization
Mobile Apps, serta menghadirkan produk dan solusi baru yang        through HSA Mobile Apps, and introduce new products and
mendukung produktivitas pelanggan sekaligus menciptakan            solutions that enhance customer productivity while creating
nilai jangka panjang secara berkelanjutan.                         sustainable long-term value.




2025 Annual Report & Sustainability Report                     247                                            PT Hexindo Adiperkasa Tbk

Page 248
    Ikhtisar 2025 | 2025 Highlights                                              Tata Kelola Perusahaan | Corporate Governance
    Laporan Manajemen | Management Report                                        Laporan Keberlanjutan | Sustainability Report
    Profil Perusahaan | Company Profile                                          Laporan Keuangan | Financial Report
    Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Komitmen dan Kebijakan                                                           Commitment and Policy
Perseroan berkomitmen untuk menciptakan pertumbuhan                              The Company is committed to fostering sustainable economic
ekonomi yang berkelanjutan melalui penyediaan solusi                             growth by providing innovative, efficient, and customer-
alat berat yang inovatif, efisien, dan berorientasi pada                         oriented heavy equipment solutions. This commitment
kebutuhan pelanggan. Komitmen tersebut diwujudkan                                is demonstrated through the continuous enhancement of
melalui pengembangan layanan purna jual yang terintegrasi,                       integrated after-sales services, the expansion of component
program remanufacturing komponen, layanan Condition-                             remanufacturing programs, the implementation of Condition-
Based Monitoring (CBM), serta digitalisasi layanan melalui                       Based Monitoring (CBM) services, and the digitalization of
HSA Mobile Apps guna meningkatkan keandalan operasional                          customer services through HSA Mobile Apps to improve
pelanggan.                                                                       customers' operational reliability.


Tindakan dan Efektivitas                                                         Actions and Effectiveness
Perseroan terus memperkuat kapabilitas layanan dan inovasi                       The Company continues to strengthen its service capabilities
bisnis guna menjawab dinamika industri serta kebutuhan                           and business innovation to address industry dynamics
pelanggan yang terus berkembang. Upaya tersebut diwujudkan                       and the evolving needs of its customers. These efforts
melalui penguatan layanan purna jual, pemanfaatan Condition-                     include enhancing after-sales services, expanding the use
Based         Monitoring         (CBM),        program         remanufacturing   of Condition-Based Monitoring (CBM), strengthening its
komponen, serta digitalisasi layanan melalui HSA Mobile                          component remanufacturing program, and accelerating
Apps untuk meningkatkan keandalan alat berat dan efisiensi                       service digitalization through HSA Mobile Apps to improve
operasional pelanggan. Perseroan juga menyediakan berbagai                       heavy equipment reliability and customers' operational
solusi bernilai tambah, seperti Full Maintenance Contract                        efficiency. In addition, the Company provides various value-
(FMC), penyediaan suku cadang yang lebih lengkap, serta                          added solutions, including Full Maintenance Contracts (FMC),
layanan teknis yang responsif.                                                   a more comprehensive range of spare parts, and responsive
                                                                                 technical support services.


Pengembangan portofolio produk melalui peluncuran Hitachi                        The expansion of the Company's product portfolio through
ZX550LC-7G, ZX350LC-7G Material Handling, ConSite                                the introduction of the Hitachi ZX550LC-7G, ZX350LC-7G
Genuine Coolant 30% dan 50%, Foton EV, serta TIANLI                              Material Handling, ConSite Genuine Coolant 30% and 50%,
Tire semakin memperkuat kemampuan Perseroan dalam                                Foton EV, and TIANLI Tires has further strengthened its
memenuhi kebutuhan pelanggan. Berbagai inisiatif tersebut                        capability to meet customers' diverse operational requirements.
turut mendukung peningkatan produktivitas, keandalan                             Collectively, these initiatives contribute to higher productivity,
operasional, serta penciptaan nilai jangka panjang yang                          improved operational reliability, and the creation of sustainable
berkelanjutan.                                                                   long-term value.


Keterlibatan Pemangku Kepentingan                                                Stakeholder Engagement
Bentuk keterlibatan pemangku kepentingan Perseroan dalam                         The Company's stakeholder engagement in supporting
mendukung ekonomi yang berkelanjutan, antara lain:                               sustainable economic growth includes:
•       Pelanggan yang berkontribusi melalui penyampaian                         •      Customers, through the provision of feedback on products
        masukan terhadap layanan serta pemanfaatan teknologi                            and services and the utilization of digital technologies to
        digital dalam pemantauan kebutuhan operasional;                                 monitor operational requirements;
•       Manajemen Perusahaan yang menjalankan fungsi                             •      Company Management, through oversight of business
        pengawasan melalui evaluasi transaksi dan pelaporan                             transactions and performance reporting; and
        kinerja; serta
•       Pemegang saham dan investor yang memperoleh                              •      Shareholders          and      investors,     through      transparent
        informasi transparan terkait keberlanjutan melalui                              sustainability disclosures presented in the Company's
        Laporan Tahunan yang telah diaudit.                                             audited Annual Report.




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                                                                                                                                                       03

PERFORMA BISNIS HEXINDO                                                                HEXINDO BUSINESS PERFORMANCE
Sebagai wujud komitmen terhadap keberlanjutan, Perseroan                               As part of its commitment to sustainability, the Company
senantiasa menjaga kinerja ekonomi yang sehat sekaligus                                consistently maintains sound economic performance while
berkontribusi nyata bagi pemangku kepentingan melalui                                  creating tangible value for stakeholders through economic
distribusi nilai ekonomi dan inisiatif sosial serta lingkungan.                        value distribution and various social and environmental
                                                                                       initiatives.


Kinerja Ekonomi dan Bisnis [201-1] [C.2, F.2]                                          Economic and Business Performance
Di tengah dinamika industri dan perubahan kondisi pasar,                               Amid evolving industry dynamics and changing market
Perseroan terus berupaya menjaga keberlanjutan usaha melalui                           conditions, the Company continues to safeguard business
pengelolaan operasional yang efektif dan strategi bisnis yang                          sustainability through effective operational management and
adaptif. Kinerja ekonomi dan bisnis Perseroan dalam 3 (tiga)                           adaptive business strategies. The Company's economic and
tahun buku terakhir disajikan sebagai berikut:                                         business performance over the past three financial years is
                                                                                       presented as follows:
Kinerja Ekonomi dan Bisnis [C.3,F.2]
Economic and Business Performance
                                             FY2025                                      FY2024                                     FY2023
       Uraian
     Description                             Realisasi                                    Realisasi                                 Realisasi
                            Target           Realization
                                                             %           Target           Realization
                                                                                                            %         Target        Realization
                                                                                                                                                      %
 Penjualan (Unit)
 Sales (Unit)
 Mid Excavator >6T
 including mining                 2.929            3.164     108,0            2.356               2.597     110,2           2.797          2.614        93,5
 excavator
 Mini Excavator                     262              243         92,8          330                    249      75,5          400             265        66,3
 Articulated Dump
                                     31                0          0,0             60                    3       5,0            33             33       100,0
 Truck (BELL)
 Wheel Loader                        32               42     131,3                27                   37   137,0              50             33        66,0
 Rigid Dump Truck
                                       -                 -          -              -                    -         -            22             22       100,0
 (HITACHI)
 Foton Dump Truck²⁾               1.000              384         38,4         1.000                   397      39,7             -             17        N/A
 Dynapac Soil Roller                 10                8         80,0             50                  29       58,0             -                 9     N/A
 Morooka Carrier
                                     30               23         76,7             50                  21       42,0             -                 7     N/A
 Dump
 Waratah Harvester                     -                 -          -             25                    0       0,0             -             31        N/A
 BX100 Backhoe
                                     20               16         80,0              -                    -         -             -                 -     N/A
 Loader
 Kinerja Keuangan (USD)
 Financial Performance (USD)
 Penghasilan Neto
                           609.864.684       515.423.217         84,5   572.874.229        522.714.838         91,2   651.289.000    612.326.209        94,0
 Net Revenues
 Laba Bruto
                           116.683.458        90.183.254         77,3   125.959.702        110.300.635         87,6   136.424.000    138.378.398       101,4
 Gross Profit
 Laba Usaha
                            51.476.732        27.648.992         53,7    58.484.722          47.138.143        80,6    70.716.000     77.214.295       109,2
 Operating Profit
 Laba Tahun
 Berjalan                   34.976.100        15.983.119         45,7    44.067.878          31.061.735        70,5    51.534.000     55.711.878       108,1
 Profit for the Year
 Struktur Modal (USD)
 Capital Structure (USD)
 Liabilitas Jangka
 Pendek                    253.119.864       221.698.473         87,6   228.903.198        267.951.014      117,1     212.151.000    215.255.933       101,5
 Current Liabilities
 Liabilitas Jangka
 Panjang
                            17.947.440        20.333.892     113,3       15.130.062          17.948.090     118,6      12.700.000     14.991.050       118,0
 Non-Current
 Liabilities




2025 Annual Report & Sustainability Report                                   249                                                    PT Hexindo Adiperkasa Tbk

Page 250
 Ikhtisar 2025 | 2025 Highlights                                                           Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                     Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                       Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




                                            FY2025                                            FY2024                                             FY2023
       Uraian
     Description                            Realisasi                                          Realisasi                                          Realisasi
                               Target       Realization
                                                                %             Target          Realization
                                                                                                                     %            Target          Realization
                                                                                                                                                                      %

 Jumlah Liabilitas
                              271.067.304   242.032.365               89,3   244.033.260        285.899.104           117,2      224.851.000       230.246.983         102,4
 Total Liabilities
 Jumlah Ekuitas
                              183.784.653   165.000.120               89,8   179.592.327        171.061.006            95,2      171.540.000       179.184.538         104,5
 Total Equity
 Jumlah Liabilitas
 dan Ekuitas
                              454.851.957   407.032.485               89,5   423.625.587        456.960.110           107,9      396.391.000       409.431.521         103,3
 Total Liabilities and
 Equity



Selain itu, kinerja Perseroan juga tercermin dari nilai ekonomi                            In addition, the Company's performance is reflected in the
yang dihasilkan, didistribusikan, dan ditahan sebagai cerminan                             economic value generated, distributed, and retained, which
atas kontribusi Perseroan terhadap kesejahteraan pemangku                                  demonstrates its contribution to stakeholder prosperity and
kepentingan dan keberlangsungan operasional Perusahaan.                                    the long-term sustainability of the Company's operations. The
Adapun distribusi nilai ekonomi Perseroan dalam 3 (tiga)                                   distribution of the Company's economic value over the past
tahun buku terakhir adalah sebagai berikut:                                                three financial years is presented as follows:


Nilai Ekonomi yang Dihasilkan, Didistribusikan, dan Ditahan [201-1]
Economic Value Generated, Distributed, and Retained
                                                    FY2025                       FY2024                      FY2023
                     Uraian                                                                                                                    Description
                                                      (USD)                       (USD)                        (USD)
 Nilai Ekonomi yang Dihasilkan (a)                                                                                                         Economic Value Generated (a)
 Penerimaan kas                                     560.865.847                 484.166.695                 651.019.467                                         Cash inflows
 Nilai Ekonomi yang Didistribusikan (b)                                                                                                    Economic value distributed (b)
 Biaya Operasional                                  413.694.730                 416.776.124                 558.922.193                               Operating Expenses
 Upah dan tunjangan karyawan                         33.762.995                  33.690.271                   33.636.056                      Employee wages and benefits
 Pembayaran kepada penyandang
                                                     28.992.439                  46.311.478                   47.259.391                   Payments to providers of capital
 dana
 Pembayaran kepada pemerintah                         9.117.722                   9.114.837                   16.432.409                          Payments to government
 Investasi kemasyarakatan (CSR)                           55.090                     22.148                        27.347                   Community investments (CSR)
 Jumlah Nilai Ekonomi yang
                                                   485.622.976                  505.914.858                 656.277.396                Total Economic Value Distributed
 Didistribusikan
 Nilai Ekonomi yang Ditahan (a − b)                                                                                                Total Economic Value Retained (a-b)
 Nilai Ekonomi yang Ditahan                         75.242.871                 (21.748.163)                 (5.257.929)                    Total Economic Value Retained


Kinerja Keuangan Berkelanjutan [201-2] [F.3]                                               Sustainable Financial Performance
Selain mengukur pencapaian dari sisi finansial, Perseroan                                  In addition to measuring its financial achievements, the
juga menilai kinerjanya berdasarkan kontribusi terhadap                                    Company also evaluates its performance based on its
keberlanjutan melalui praktik bisnis yang bertanggung                                      contribution to sustainability through responsible business
jawab dan berdampak positif jangka panjang. Cerminan dari                                  practices that create long-term positive impacts. This
komitmen ini terlihat dalam alokasi dana untuk kegiatan                                    commitment is reflected in the allocation of resources to
sosial, lingkungan, serta pengembangan kapasitas karyawan.                                 social and environmental initiatives, as well as employee
Adapun kinerja keuangan berkelanjutan Perseroan dalam 3                                    capacity development. The Company's sustainable financial
(tiga) tahun buku terakhir adalah sebagai berikut:                                         performance over the past three financial years is presented as
                                                                                           follows:




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                                                                                                                                                    03

Kinerja Keuangan Berkelanjutan [202-1] [F.3, F.4]
Sustainable Financial Performance
                                    FY2025                                FY2024                              FY2023
      Uraian                          Realisasi                            Realisasi                           Realisasi               Description
                         Target                        %      Target                      %       Target                     %
                                     Realization                           Realization                         Realization
                                                                                                                                          CSR Expenses
 Biaya CSR (USD)           56.870             55.090   96,9     51.590          22.148    42,9      73.889          27.347   37,0
                                                                                                                                                (USD)
                                                                                                                                         Environmental
 Biaya Lingkungan
                          718.395            638.847   88,9    834.437         725.518    86,9     903.439         865.057   95,8         Expenses (Rp
 (Rp ribu)
                                                                                                                                             thousand)
 Biaya Pelatihan                                                                                                                      Employee Training
 Karyawan               5.501.740       3.930.551      71,4   4.061.000      2.747.168    67,6    9.545.264      4.165.204   43,6                 Costs
 (Rp ribu)                                                                                                                               (Rp thousand)


Bantuan Finansial dari Pemerintah [201-4]                                         Financial Assistance from the Government
Selama tahun buku 2025, Perseroan tidak menerima bantuan                          Throughout the 2025 financial year, the Company did not
keuangan maupun insentif finansial dari Pemerintah.                               receive any financial assistance or financial incentives from the
                                                                                  Government.




Aspek Lingkungan
Environmental Aspect



                                                                       Energi            Limbah
                      Topik Material                                   Energy            Waste
                      yang Tercakup [3-2]
                      Material Topic Covered




KOMITMEN TERHADAP KEBERLANJUTAN                                                   COMMITMENT TO ENVIRONMENTAL
LINGKUNGAN [3-3]                                                                  SUSTAINABILITY
Kegiatan       operasional       Perseroan         membutuhkan      energi        The Company's operations require substantial energy
dalam jumlah besar yang berkontribusi terhadap emisi,                             consumption, which contributes to emissions and generates
serta menghasilkan limbah. Oleh karena itu, Hexindo perlu                         waste. Accordingly, Hexindo is committed to optimizing
mengoptimalkan penggunaan energi dan mengelola limbah                             energy use and managing waste effectively to minimize its
secara efektif untuk meminimalkan dampak terhadap                                 environmental impacts.
lingkungan.


Dampak dan Pengelolaan Dampak                                                     Impacts and Impact Management
Kegiatan operasional Perseroan berpotensi menimbulkan                             The Company's operational activities have the potential to
dampak lingkungan, seperti emisi GRK dari penggunaan                              generate environmental impacts, including greenhouse gas
energi fosil dan emisi konvensional dari aktivitas workshop,                      (GHG) emissions from fossil fuel consumption, conventional
disertai dengan limbah B3 dan non-B3 yang dihasilkan. Untuk                       emissions from workshop activities, and the generation of




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    Ikhtisar 2025 | 2025 Highlights                                              Tata Kelola Perusahaan | Corporate Governance
    Laporan Manajemen | Management Report                                        Laporan Keberlanjutan | Sustainability Report
    Profil Perusahaan | Company Profile                                          Laporan Keuangan | Financial Report
    Analisis & Pembahasan Manajemen | Management Discussion & Analysis




memitigasinya, Perseroan menjalankan program efisiensi                           hazardous and non-hazardous waste. To mitigate these impacts,
energi dan pengurangan emisi GRK, mengelola limbah                               the Company implements energy efficiency and GHG emission
melalui prinsip 3R serta kemitraan dengan bank sampah, dan                       reduction programs, manages waste in accordance with the
menerapkan teknologi penghematan serta daur ulang air.                           Reduce, Reuse, Recycle (3R) principles in collaboration with
                                                                                 waste banks, and applies water-saving and water recycling
                                                                                 technologies.


Komitmen dan Kebijakan                                                           Commitment and Policy
Komitmen Perseroan terhadap pengelolaan lingkungan                               The Company's commitment to environmental management is
diwujudkan melalui penerapan Kebijakan QSHE yang                                 reflected in the implementation of its QSHE Policy, which is
mengacu pada standar keberlanjutan dan kepatuhan terhadap                        aligned with sustainability standards and compliance with both
regulasi nasional maupun internasional. Kebijakan ini memuat                     national and international regulations. The policy establishes
prinsip pengelolaan lingkungan yang bertanggung jawab dan                        principles for responsible environmental management and
mendukung pencapaian SDGs, khususnya SDG 7 (Energi                               supports the achievement of the Sustainable Development Goals
Bersih dan Terjangkau) serta SDG 13 (Penanganan Perubahan                        (SDGs), particularly SDG 7 (Affordable and Clean Energy) and
Iklim). Implementasi kebijakan ini dilakukan melalui:                            SDG 13 (Climate Action). The policy is implemented through:
•       Pelarangan penggunaan bahan kimia perusak ozon                           •      Prohibiting the use of ozone-depleting substances such
        seperti CFC dan PCB sesuai ketentuan Protokol Montreal;                         as CFCs and PCBs in accordance with the Montreal
                                                                                        Protocol;
•       Pengembangan bertahap sumber energi terbarukan,                          •      Gradually expanding the use of renewable energy sources,
        antara lain melalui instalasi panel surya di fasilitas                          including the installation of solar panels at operational
        operasional; dan                                                                facilities; and
•       Penerapan sistem pemantauan dan evaluasi kinerja                         •      Implementing continuous environmental performance
        lingkungan secara berkelanjutan untuk memastikan                                monitoring and evaluation systems to ensure compliance
        kesesuaian dengan komitmen QSHE.                                                with the Company's QSHE commitments.


Tindakan dan Efektivitas                                                         Actions and Effectiveness
Dalam mengelola dampak lingkungan, Perseroan menjalankan                         To manage its environmental impacts, the Company
berbagai inisiatif, mulai dari pemantauan emisi kendaraan                        implements various initiatives, ranging from vehicle emission
dan penggunaan material ramah lingkungan, hingga kerja                           monitoring and the use of environmentally friendly materials
sama dengan vendor berizin untuk pengolahan limbah B3.                           to collaboration with licensed waste management service
Upaya ini diperkuat dengan program CSR penghijauan serta                         providers for the treatment of hazardous waste. These efforts are
digitalisasi dokumen. Seluruh tindakan tersebut menunjukkan                      further strengthened through environmental CSR programs,
efektivitas nyata, tercermin dari penurunan konsumsi energi,                     including tree-planting initiatives and document digitalization.
emisi GRK, dan volume limbah, serta tidak adanya tumpahan                        The effectiveness of these initiatives is demonstrated by
B3 sepanjang 2025.                                                               reductions in energy consumption, greenhouse gas emissions,
                                                                                 and waste generation, as well as the absence of hazardous
                                                                                 material spills throughout 2025.


Keterlibatan Pemangku Kepentingan                                                Stakeholder Engagement
Bentuk keterlibatan pemangku kepentingan Perseroan dalam                         The Company's stakeholder engagement in environmental
pengelolaan lingkungan hidup dan pengurangan dampak                              management and ecological impact reduction includes:
ekologis, antara lain:
•       Dinas       Lingkungan         Hidup        yang     berperan    dalam   •      Environmental Agencies, which provide education on
        memberikan sosialisasi mengenai pengelolaan sampah                              waste management and support the implementation of
        dan mendukung pelaksanaan program penghijauan;                                  greening programs;
•       Bank Sampah dan LSM yang berkontribusi dalam                             •      Waste Banks and non-governmental organizations
        proses daur ulang limbah anorganik yang memiliki nilai                          (NGOs), which contribute to the recycling of economically
        ekonomis;                                                                       valuable inorganic waste;



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•     Karyawan yang terlibat melalui pelatihan K3L serta            •    Employees, who participate through Occupational Health,
      partisipasi aktif dalam implementasi program 3R dan                Safety, and Environmental (OHSE) training, as well as the
      kegiatan CSR di bidang lingkungan; dan                             implementation of 3R initiatives and environmental CSR
                                                                         programs; and
•     Vendor pengelola limbah yang dimonitor secara                 •    Waste management service providers, whose activities are
      transparan melalui sistem e-Manifest sebagai bentuk                monitored transparently through the e-Manifest system
      akuntabilitas pengelolaan limbah.                                  to ensure accountability in waste management.


RISIKO, PELUANG, DAN DAMPAK                                         ENVIRONMENTAL AND CLIMATE CHANGE
LINGKUNGAN DAN PERUBAHAN IKLIM [201-2]                              RISKS, OPPORTUNITIES, AND IMPACTS
Perubahan iklim menimbulkan berbagai risiko lingkungan              Climate change presents a range of environmental and
dan regulasi yang dapat mempengaruhi operasional Perseroan.         regulatory risks that may affect the Company's operations.
Meski demikian, perubahan ini juga membuka peluang untuk            At the same time, it creates opportunities to strengthen
memperkuat praktik keberlanjutan melalui inisiatif hijau dan        sustainability practices through green initiatives and more
pengelolaan limbah yang lebih efisien.                              efficient waste management.


Risiko Lingkungan dan Peluang Adaptasi Iklim                        Environmental Risks and Climate Adaptation
                                                                    Opportunities
Risiko utama yang dihadapi oleh Perseroan meliputi                  The Company's principal environmental risks include declining
penurunan kualitas udara akibat emisi dari workshop, genset,        air quality resulting from emissions generated by workshop
dan kendaraan operasional, potensi pencemaran air dari              activities, generators, and operational vehicles, potential water
limbah cair domestik maupun limbah B3, serta kebisingan             pollution from domestic wastewater and hazardous waste,
yang ditimbulkan dari aktivitas operasional. Selain itu, terdapat   and noise generated by operational activities. In addition, the
risiko regulatif berupa potensi ketidakpatuhan terhadap baku        Company faces regulatory risks associated with potential non-
mutu lingkungan sebagaimana diatur dalam Permen LHK                 compliance with environmental quality standards stipulated
maupun Peraturan Pemerintah terkait.                                under regulations issued by the Ministry of Environment and
                                                                    Forestry and other relevant Government regulations.


Di sisi lain, perubahan iklim juga membuka sejumlah peluang,        Conversely, climate change also presents opportunities,
antara lain melalui pelaksanaan program penghijauan,                including   the   implementation     of   greening    initiatives,
pembangunan biopori dan sumur resapan, serta kerja sama             the development of biopores and infiltration wells, and
dalam pengelolaan limbah untuk meningkatkan efisiensi dan           collaboration in waste management to improve operational
keberlanjutan operasional.                                          efficiency and sustainability.


Dampak dan Implikasi Operasional                                    Operational Impacts and Implications
Secara operasional, perubahan iklim dapat menyebabkan               From an operational perspective, climate change may disrupt
gangguan pada aktivitas workshop dan area kerja (yard),             workshop activities and yard operations, particularly due
terutama akibat akumulasi polusi udara atau genangan                to increased air pollution or flooding resulting from heavy
air saat curah hujan tinggi. Kegagalan dalam memenuhi               rainfall. Failure to comply with environmental standards may
standar lingkungan juga berisiko mengganggu kelangsungan            also disrupt business continuity and expose the Company to
operasional serta dapat menimbulkan sanksi administratif            administrative or criminal sanctions.
maupun pidana.


Berdasarkan UU No. 32 Tahun 2009 tentang Perlindungan dan           Pursuant to Law No. 32 of 2009 concerning Environmental
Pengelolaan Lingkungan Hidup, pelanggaran terhadap baku             Protection and Management, violations of environmental
mutu lingkungan dapat dikenakan denda hingga Rp15 miliar            quality standards may result in fines of up to Rp15 billion
apabila pencemaran menyebabkan korban jiwa, serta denda             where pollution causes fatalities, and up to Rp3 billion for
hingga Rp3 miliar untuk pelanggaran administratif seperti           administrative violations such as the unauthorized disposal of
pembuangan limbah tanpa izin.                                       waste.



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Page 254
  Ikhtisar 2025 | 2025 Highlights                                                  Tata Kelola Perusahaan | Corporate Governance
  Laporan Manajemen | Management Report                                            Laporan Keberlanjutan | Sustainability Report
  Profil Perusahaan | Company Profile                                              Laporan Keuangan | Financial Report
  Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Mitigasi, Adaptasi dan Alokasi Biaya [F.4]                                         Mitigation, Adaptation, and Cost Allocation
Sebagai bentuk mitigasi dan adaptasi, Perseroan menerapkan                         As part of its mitigation and adaptation efforts, the Company
sejumlah           strategi,   antara     lain     program        penghijauan,     implements a number of initiatives, including greening
pemeliharaan rutin genset, IPAL dengan sistem grease trap,                         programs,         routine       generator       maintenance,       wastewater
serta pemilahan sampah dan kerja sama dengan mitra dalam                           treatment facilities equipped with grease trap systems, waste
pengelolaan limbah.                                                                segregation, and collaboration with business partners in waste
                                                                                   management.


Sepanjang tahun buku 2025, total biaya lingkungan yang                             Throughout the 2025 financial year, the Company's total
dikeluarkan oleh Perseroan tercatat sebesar Rp638.847.420.                         environmental expenditure amounted to Rp638.847.420.
Biaya ini mencakup uji lingkungan, pengelolaan limbah                              These expenditures covered environmental testing, domestic
domestik dan B3, serta pemeliharaan IPAL. Seluruh langkah                          and hazardous waste management, and the maintenance of
ini terbukti efektif dalam menjaga kepatuhan terhadap baku                         wastewater treatment facilities. These initiatives have proven
mutu lingkungan yang berlaku.                                                      effective in ensuring continued compliance with applicable
                                                                                   environmental quality standards.


Pengaduan Terkait Lingkungan [2-27][F.16]                                          Environmental Grievances
Perseroan belum membentuk saluran pengaduan khusus                                 The Company has not established a dedicated grievance
yang secara spesifik menangani masalah lingkungan. Meski                           mechanism specifically for environmental issues. Nevertheless,
demikian, keluhan atau pengaduan terkait isu lingkungan dapat                      environmental complaints or concerns may be submitted
disampaikan melalui saluran komunikasi resmi Perseroan,                            through the Company's official communication channels,
antara lain:                                                                       including:


     CONTACT US

                   Website                                             Email                                               Phone

                   www.hexindo-tbk.co.id                               corporate@hexindo-tbk.co.id                         +62 21 4611 688



Sepanjang tahun buku 2025, Perseroan tidak menerima                                Throughout the 2025 financial year, the Company received no
pengaduan dari masyarakat sekitar terkait lingkungan, dan                          environmental complaints from surrounding communities
tidak terdapat kasus ketidakpatuhan terhadap peraturan                             and recorded no cases of non-compliance with environmental
perundang-undangan di bidang lingkungan hidup dari                                 laws and regulations arising from its operational activities.
kegiatan operasional Perusahaan.


PENGELOLAAN ENERGI [302-1, 302-2, 302-3, 302-4, 302-5]                             ENERGY MANAGEMENT
[F.6, F.7, F.12]

Sebagai bagian dari komitmen keberlanjutan, Perseroan                              As part of its sustainability commitment, the Company
senantiasa mengoptimalkan penggunaan energi melalui                                continuously          optimizes        energy      consumption         through
efisiensi operasional dan inovasi teknologi. Pengelolaan energi                    operational efficiency and technological innovation. Energy
dilakukan secara terukur untuk meminimalkan dampak                                 management is carried out in a systematic and measurable
lingkungan, menekan biaya operasional, serta mendukung                             manner to minimize environmental impacts, reduce operating
SDG 7 dan 13.                                                                      costs, and support the achievement of SDG 7 and SDG 13.




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Sumber Energi                                                                Energy Sources
Perseroan menggunakan 3 (tiga) jenis sumber energi untuk                     The Company utilizes three types of energy sources in its
kegiatan operasionalnya, yaitu:                                              operational activities:
•       Bensin dan solar untuk kendaraan operasional dan                     •    Gasoline and diesel fuel for operational vehicles and
        genset; serta                                                             generators; and
•       Listrik dari PLN untuk operasional perkantoran.                      •    Electricity supplied by PLN for office operations.


Hingga akhir tahun buku 2025, pemanfaatan energi                             As of the end of the 2025 financial year, renewable energy had
terbarukan belum menunjukkan kontribusi yang signifikan,                     not yet made a significant contribution to the Company's overall
di mana hampir seluruh kebutuhan energi Perseroan masih                      energy consumption, with the majority of energy requirements
bergantung pada sumber energi berbasis fosil. Menyikapi hal                  still being met through fossil fuel-based sources. In response,
tersebut, Perseroan secara bertahap mengembangkan strategi                   the Company has progressively developed an energy
diversifikasi sumber energi sebagai bagian dari komitmen                     diversification strategy as part of its long-term commitment to
jangka panjang terhadap keberlanjutan operasional dan                        operational sustainability and energy efficiency.
efisiensi energi.


Konsumsi dan Intensitas Energi                                               Energy Consumption and Intensity
Sepanjang tahun buku 2025, total konsumsi energi Perseroan                   Throughout fiscal year 2025, the Company's total energy
tercatat      sebesar    33.960      GJ,     menurun   sebesar    8,38%      consumption amounted to 33,960 GJ, representing a decrease
dibandingkan dengan 37.066 GJ pada tahun buku sebelumnya.                    of 8.38% compared to 37,066 GJ recorded in the previous fiscal
Penurunan ini terutama dipengaruhi oleh berkurangnya                         year. This decline was primarily attributable to lower indirect
konsumsi energi tidak langsung yang berasal dari aktivitas                   energy consumption resulting from reduced business travel
perjalanan dinas menggunakan pesawat terbang. Perseroan                      by air. The Company continues to optimize its energy use
terus berupaya mengoptimalkan penggunaan energi melalui                      by implementing more efficient operational practices as part
penerapan praktik operasional yang lebih efisien sebagai                     of its commitment to sustainability. The Company’s energy
bagian dari komitmen terhadap keberlanjutan. Adapun jumlah                   consumption and energy intensity over the past three financial
dan intensitas konsumsi energi Perseroan selama tiga tahun                   years are presented in the following table.
buku terakhir disajikan pada tabel berikut.


Penggunaan Energi [302-1, 302-2, 302-3, 302-3, 302-5]
Energy Consumption
                                             Satuan
               Uraian                                       FY2025               FY2024          FY2023                 Description
                                              Unit
    Penggunaan Energi di dalam Perusahaan                                                              Energy Consumption within the Company
                                              Liter                11.802             9.816            12.674
    Bensin                                                                                                                             Gasoline
                                               GJ                     389              324               418
                                              Liter                37.189            35.025            31.061
    Solar                                                                                                                                Diesel
                                               GJ                   1.339             1.261             1.118
                                              kWh                2.123.976        2.085.715         2.186.280
    Listrik                                                                                                                          Electricity
                                               GJ                   7.646             7.509             7.871
    Jumlah Penggunaan Energi di                                                                                      Total Energy Consumption
                                               GJ                   9.374            9.094              9.407
    dalam Perusahaan                                                                                                        within the Company
    Penggunaan Energi di luar Perusahaan                                                               Energy Consumption outside the Company
                                               Kg                8.280.785        9.264.641         8.501.465
    Perjalanan Dinas                                                                                                             Business Travel
                                               GJ                  24.586            27.973            25.557
    Jumlah Penggunaan Energi di                                                                                      Total Energy Consumption
                                               GJ                  24.586           27.973             25.557
    luar Perusahaan                                                                                                        outside the Company
    Jumlah Seluruh Penggunaan                                                                                              Total Overall Energy
                                               GJ                  33.960           37.066             34.964
    Energi                                                                                                                        Consumption




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Page 256
 Ikhtisar 2025 | 2025 Highlights                                                                   Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                             Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                               Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




                                                      Satuan
                 Uraian                                                         FY2025                  FY2024                FY2023                       Description
                                                        Unit
 Pengurangan (Kenaikan) Konsumsi Energi                                                                                         Reduction (Increase) in Energy Consumption
 Penggunaan Energi di dalam                                                                                                                         Energy Consumption within the
                                                          GJ                               (281)                 314                   565
 Perusahaan                                                                                                                                                            Company
 Penggunaan Energi di luar                                                                                                                         Energy Consumption outside the
                                                          GJ                               3.387            (2.416)                       -
 Perusahaan                                                                                                                                                            Company
 Seluruh Penggunaan Energi                                GJ                               3.106            (2.102)                    565           Overall Energy Consumption
 Intensitas Penggunaan Energi                                                                                                                       Energy Consumption Intensity
 Penghasilan Neto                                       USD                      515.423.217            522.714.838          612.326.209                            Net Revenues
 Penggunaan Energi di dalam                                                                                                                         Energy Consumption within the
                                                      MJ/USD                               0,018               0,017                 0,015
 Perusahaan                                                                                                                                                            Company
 Penggunaan Energi di luar                                                                                                                         Energy Consumption outside the
                                                      MJ/USD                               0,048               0,054                 0,042
 Perusahaan                                                                                                                                                            Company
 Seluruh Penggunaan Energi                            MJ/USD                               0,066              0,071                 0,057            Overall Energy Consumption
 Catatan: Cakupan perhitungan meliputi Kantor Pusat serta Cabang Jakarta dan Balikpapan.
 Note: The calculation covers the Head Office and the Jakarta and Balikpapan Branches.




Program serta Inisiatif Pengurangan Konsumsi                                                       Energy Conservation and Emission Reduction
Energi dan Penurunan Emisi [F.7, F.12]                                                             Programs and Initiatives
Dalam rangka mendukung efisiensi energi dan menurunkan                                             To improve energy efficiency and reduce greenhouse gas
emisi GRK, Perseroan telah menerapkan berbagai inisiatif,                                          (GHG) emissions, the Company has implemented a number of
antara lain:                                                                                       initiatives, including:
1.    Penggantian lampu TL dengan LED yang lebih hemat                                             1.     Replacing conventional fluorescent (TL) lamps with more
      energi;                                                                                             energy-efficient LED lighting;
2.    Pemanfaatan cahaya matahari                               untuk mengurangi                   2.     Maximizing the use of natural daylight to reduce
      penggunaan lampu pada siang hari;                                                                   electricity consumption during daytime operations;
3.    Pemantauan suhu dan kelembaban ruangan menggunakan                                           3.     Monitoring indoor temperature and humidity using
      termometer dan hygrometer guna mengoptimalkan                                                       thermometers           and      hygrometers         to   optimize    air-
      penggunaan pendingin udara;                                                                         conditioning usage;
4.    Pemadaman lampu saat jam istirahat (12.00-13.00) dan di                                      4.     Switching off lighting during lunch breaks (12:00–13:00)
      ruang kerja yang tidak terpakai;                                                                    and in unoccupied work areas;
5.    Pemadaman AC setelah pukul 18.00 untuk menghindari                                           5.     Turning off air-conditioning systems after 6:00 p.m.
      pemborosan energi di luar jam operasional;                                                          to prevent unnecessary energy consumption outside
                                                                                                          operational hours;
6.    Kampanye dan pelatihan hemat energi, termasuk                                                6.     Conducting energy conservation campaigns and training
      pelibatan Dinas Lingkungan Hidup dan pembentukan                                                    programs, including collaboration with the Environmental
      Duta K3L; serta                                                                                     Agency and the establishment of Occupational Health,
                                                                                                          Safety, and Environment (OHSE) Ambassadors; and
7.    Pemasangan Vehicle Telematics (VT) pada kendaraan                                            7.     Installing Vehicle Telematics (VT) systems in Company
      kantor          untuk          memantau              perilaku          pengemudi,                   vehicles to monitor driving behavior, optimize travel
      mengoptimalkan rute, melacak konsumsi BBM secara                                                    routes, track fuel consumption in real time, prevent fuel
      real-time, mencegah pemborosan, serta meningkatkan                                                  wastage, and enhance vehicle safety and service life.
      keselamatan dan umur kendaraan.
8.    Pemasangan sistem pencahayaan berbasis sensor gerak                                          8.     Installation of motion sensor-based lighting systems
      dan detektor suhu pada beberapa area operasional,                                                   and temperature sensors in several operational areas,
      penggantian refrigeran pendingin ruangan ke jenis                                                   replacement          of    air-conditioning         refrigerants    with
      yang lebih ramah lingkungan, serta penerapan sistem                                                 more         environmentally             friendly   alternatives,    and
      pendingin terpusat dengan pengaturan suhu yang lebih                                                implementation of a centralized cooling system with
      terkendali.                                                                                         improved temperature control.




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Penggunaan Energi Terbarukan [F.7]                                Renewable Energy Utilization
Saat ini, mayoritas energi yang digunakan Perseroan masih         At present, the majority of the Company's energy consumption
berasal dari sumber energi fosil. Pemanfaatan energi terbarukan   continues to be supplied by fossil fuel-based energy sources.
belum dilakukan secara signifikan dan masih dalam tahap           The utilization of renewable energy remains limited and
awal pengembangan. Sebagai bagian dari komitmen terhadap          is currently at an early stage of development. As part of
efisiensi energi dan keberlanjutan lingkungan, Perseroan          its commitment to energy efficiency and environmental
sedang melakukan kajian investasi pemasangan panel surya          sustainability, the Company is currently assessing investments
untuk sistem penerangan dalam beberapa tahun ke depan.            in solar panel installations to support its lighting systems over
                                                                  the coming years.


Sebagai langkah awal, penerapan penerangan berbasis               As an initial step, solar-powered lighting has been installed
tenaga surya telah direalisasikan di area akses masuk Cabang      at the entrance area of the Balikpapan Branch. This initiative
Balikpapan. Inisiatif ini merupakan bentuk komitmen               reflects the Company's commitment to gradually expanding
Perseroan dalam mendukung pemanfaatan energi terbarukan           the utilization of renewable energy in a sustainable manner.
secara bertahap dan berkelanjutan.


PENGENDALIAN EMISI                                                EMISSION MANAGEMENT
Perseroan melakukan identifikasi dan pemantauan terhadap          The Company identifies and monitors various types of
berbagai jenis emisi yang timbul dari kegiatan operasional,       emissions generated from its operational activities, including
mencakup emisi Gas Rumah Kaca (GRK), Zat Perusak                  greenhouse gas (GHG) emissions, ozone-depleting substances
Ozon (ODS), dan emisi konvensional, guna memastikan               (ODS), and conventional air emissions, to ensure compliance
kesesuaiannya dengan regulasi dan standar lingkungan yang         with applicable environmental regulations and standards.
berlaku.


Emisi Gas Rumah Kaca (GRK) [305-1, 305-2,305-3, 305-4, 305-5]     Greenhouse Gas (GHG) Emissions
Emisi GRK yang dihasilkan oleh Perseroan terbagi menjadi          The Company's greenhouse gas (GHG) emissions are classified
2 (dua) kategori, yaitu emisi langsung (Cakupan 1) dan emisi      into two categories: direct emissions (Scope 1) and indirect
tidak langsung (Cakupan 2 dan 3). Emisi GRK langsung              emissions (Scopes 2 and 3). Scope 1 emissions arise from the
bersumber dari penggunaan bensin dan solar untuk kendaraan        consumption of gasoline and diesel fuel for operational vehicles
operasional serta genset. Sementara itu, emisi tidak langsung     and generators. Meanwhile, indirect emissions comprise
berasal dari konsumsi listrik PLN (Cakupan 2) dan perjalanan      electricity consumption supplied by PLN (Scope 2) and
dinas menggunakan pesawat oleh karyawan dan manajemen             business air travel undertaken by employees and management
(Cakupan 3).                                                      (Scope 3).


Sepanjang tahun buku 2025, total emisi gas rumah kaca             Throughout the 2025 financial year, the Company’s total
(GRK) Perseroan berasal dari emisi Cakupan 1 sebesar 128          greenhouse gas (GHG) emissions comprised 128 tCO₂e of
tCO₂e, emisi Cakupan 2 sebesar 2.120 tCO₂e yang dihasilkan        Scope 1 emissions, 2,120 tCO₂e of Scope 2 emissions generated
dari penggunaan listrik, serta emisi Cakupan 3 sebesar 1.981      from electricity consumption, and 1,981 tCO₂e of Scope 3
tCO₂e yang berasal dari aktivitas perjalanan udara. Perseroan     emissions resulting from air travel. The Company continues to
terus memantau dan mengelola sumber-sumber emisi tersebut         monitor and manage these sources of emissions as part of its
sebagai bagian dari upaya mendukung operasional yang lebih        commitment to supporting more sustainable operations. The
berkelanjutan. Adapun total emisi GRK Perseroan selama tiga       Company’s total GHG emissions over the past three financial
tahun buku terakhir disajikan pada tabel berikut.                 years are presented in the following table.




2025 Annual Report & Sustainability Report                      257                                         PT Hexindo Adiperkasa Tbk

Page 258
 Ikhtisar 2025 | 2025 Highlights                                                      Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                  Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Emisi yang Dihasilkan, Intensitas Emisi, dan Pengurangan Emisi [305-1, 305-2, 305-3, 305-4, 305-5] [B.2.b, F.11, F.12]
Emissions Produced, Emission Intensity, and Emission Reduction
                                                Satuan
                Uraian                                                FY2025              FY2024                FY2023                      Description
                                                  Unit
 Emisi yang Dihasilkan                                                                                                                         Emissions Produced
 Emisi Cakupan 1                                                                                                                                  Scope 1 Emissions
 Bensin                                           tCO₂e                       28                    23                      30                              Gasoline
 Solar                                            tCO₂e                      100                    94                      83                                 Diesel
 Jumlah Emisi Cakupan 1                          tCO₂e                       128                  117                      113              Total Scope 1 Emissions
 Emisi Cakupan 2                                                                                                                                  Scope 2 Emissions
 Listrik                                          tCO₂e                     2.120               2.082                    2.196                             Electricity
 Jumlah Emisi Cakupan 2                          tCO₂e                     2.120                2.082                   2.196               Total Scope 2 Emissions
 Jumlah Emisi Scope 1 dan 2                      tCO₂e                     2.248                2.199                   2.309         Total Scope 1 and 2 Emissions
 Emisi Cakupan 3                                                                                                                                  Scope 3 Emissions
 Perjalanan Dinas                                 tCO₂e                     1.981               2.240                    2.051                       Business Travel
 Jumlah Emisi Scope 3                            tCO₂e                     1.981                2.240                   2.051               Total Scope 3 Emissions
                                                                                                                                             Total Scope 1, 2, and 3
 Jumlah Emisi Scope 1, 2, dan 3                  tCO₂e                     4.229                4.439                   4.360
                                                                                                                                                         Emissions
 Pengurangan (Kenaikan) Emisi GRK                                                                                         Reduction (Increase) of GHG Emissions
 Emisi Cakupan 1                                  tCO₂e                      (11)                  (4)                    (53)                    Scope 1 Emissions
 Emisi Cakupan 2                                  tCO₂e                      (38)                 114                      198                    Scope 2 Emissions
 Emisi Cakupan 3                                  tCO₂e                      259                (189)                         -                   Scope 3 Emissions
 Intensitas Emisi                                                                                                                                Emission Intensity
 Penghasilan Neto                                 USD                 515.423.217         522.714.838            612.326.209                           Net Revenues
 Emisi Cakupan 1                              gCO₂e/USD                      0,25                 0,22                    0,18                    Scope 1 Emissions
 Emisi Cakupan 1 dan 2                        gCO₂e/USD                      4,36                 4,21                    3,77              Scope 1 and 2 Emissions
 Emisi Cakupan 1, 2, dan 3                    gCO₂e/USD                      8,20                 8,49                    7,12           Scope 1, 2, and 3 Emissions
 Catatan: Cakupan perhitungan meliputi Kantor Pusat serta Cabang Jakarta dan Balikpapan.
 Note: The calculation covers the Head Office and the Jakarta and Balikpapan Branches.


Capaian program konservasi energi Perseroan turut dimonitor                           The Company's energy conservation program achievements
oleh Hitachi Construction Machinery (HCM) dan Itochu,                                 are also monitored by Hitachi Construction Machinery
serta diinput ke dalam basis data global sebagai bagian dari                          (HCM) and Itochu, and uploaded to a global database as part of
pemantauan inisiatif keberlanjutan internasional, melalui                             international sustainability monitoring through an application
aplikasi yang dilengkapi dukungan kecerdasan buatan (AI).                             equipped with artificial intelligence (AI) capabilities.


Emisi Zat Perusak Ozon (ODS) [305-6]                                                  Ozone-Depleting Substance (ODS) Emissions
Sebagai bagian dari komitmen Perseroan terhadap keberlanjutan                         As part of the Company's commitment to sustainability
dan perlindungan lingkungan, evaluasi berkala terhadap                                and environmental protection, periodic evaluations of its
pelaksanaan Upaya Pengelolaan Lingkungan (UKL) dan Upaya                              Environmental Management Efforts (UKL) and Environmental
Pemantauan Lingkungan (UPL) dilakukan 2 (dua) kali dalam                              Monitoring Efforts (UPL) are conducted twice each year. In
satu tahun. Sejalan dengan ketentuan Protokol Montreal,                               line with the provisions of the Montreal Protocol, the Company
Perseroan menjalankan program penggantian refrigeran R22                              implemented a refrigerant replacement program, replacing R22
(HCFC-22) dengan refrigeran yang lebih ramah lingkungan,                              (HCFC-22) with more environmentally friendly refrigerants,
yaitu R410A, R407C, dan R32, disertai penerapan sistem                                namely R410A, R407C, and R32, while also implementing
pendingin terpusat yang lebih efisien. Kegiatan operasional                           a more energy-efficient centralized cooling system. The
Perseroan tidak menggunakan bahan perusak ozon jenis CFC,                             Company's operational activities did not use ozone-depleting
Halon, maupun Methyl Bromide.                                                         substances (ODS), including chlorofluorocarbons (CFCs),
                                                                                      Halons, or Methyl Bromide.




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Emisi Konvensional [305-7]                                           Conventional Emissions
Kegiatan operasional Perseroan memiliki potensi menghasilkan         The Company's operational activities have the potential to
emisi konvensional yang berasal dari berbagai aktivitas, seperti     generate conventional air emissions from various sources,
penggunaan genset, kendaraan operasional, serta pergerakan           including generators, operational vehicles, and the movement
alat berat di area kerja (yard). Emisi yang dihasilkan mencakup      of heavy equipment within operational yards. These emissions
gas pencemar udara, seperti Nitrogen Dioksida (NO₂), Karbon          include air pollutants such as Nitrogen Dioxide (NO₂), Carbon
Monoksida (CO), Sulfur Dioksida (SO₂), serta partikel                Monoxide (CO), Sulfur Dioxide (SO₂), and particulate matter,
debu, seperti TSP, PM₁₀, dan PM₂.₅. Sebagian besar emisi ini         including Total Suspended Particulates (TSP), PM₁₀, and PM₂.₅.
bersumber dari proses pembakaran bahan bakar fosil, seperti          Most of these emissions originate from the combustion of fossil
solar dan bensin. Selain itu, aktivitas perawatan mesin di           fuels, particularly diesel and gasoline. In addition, equipment
workshop juga berkontribusi terhadap peningkatan kadar debu          maintenance activities carried out in the workshop also
dan hidrokarbon di udara.                                            contribute to increased levels of airborne dust and hydrocarbons.


Sebagai bentuk tanggung jawab terhadap pengelolaan                   As part of its commitment to responsible environmental
lingkungan,        Perseroan         menerapkan   berbagai   upaya   management, the Company implements various conventional
pengendalian emisi konvensional, di antaranya:                       emission control measures, including:
•     Melakukan pengujian emisi secara rutin, yaitu setiap           •    Conducting routine emission testing annually for
      tahun untuk kendaraan operasional dan setiap dua tahun              operational vehicles and every two years for forklifts and
      untuk forklift dan genset;                                          generators;
•     Melaksanakan perawatan berkala terhadap kendaraan,             •    Performing regular maintenance on vehicles, forklifts,
      forklift, dan genset, termasuk penggantian pelumas, filter          and generators, including the replacement of lubricants,
      oli, serta suku cadang sesuai masa pakai guna menjaga emisi         oil filters, and spare parts according to their service life to
      tetap berada dalam ambang batas yang ditetapkan; dan                ensure emissions remain within the prescribed limits; and
•     Menindaklanjuti hasil uji emisi yang melebihi baku mutu        •    Taking corrective actions and conducting re-testing
      dengan melakukan perbaikan dan uji ulang sebelum                    whenever emission test results exceed the applicable
      kendaraan atau peralatan kembali dioperasikan.                      emission standards before the vehicles or equipment are
                                                                          returned to operation.


Selain itu, Perseroan juga melengkapi pengendalian emisi             In addition, the Company complements its emission control
melalui strategi tambahan yang mendukung keberlanjutan               efforts through environmental sustainability initiatives,
lingkungan, seperti pengembangan ruang terbuka hijau dan             including the development of green open spaces and the
penanaman pohon peneduh yang berperan sebagai penyerap               planting of shade trees that function as natural air pollutant
polutan. Pemantauan kualitas udara dilakukan secara rutin            absorbers. Air quality monitoring is conducted regularly in
mengacu pada ketentuan dalam Permen LHK No. 11 Tahun                 accordance with the requirements of Ministry of Environment
2021 tentang Emisi dari Mesin Pembakaran Dalam.                      and Forestry Regulation No. 11 of 2021 concerning Emissions
                                                                     from Internal Combustion Engines.


Berdasarkan hasil pemantauan, tingkat emisi yang dihasilkan          Based on the monitoring results, all emission levels remained
masih berada di bawah ambang batas baku mutu yang berlaku.           below the applicable regulatory thresholds. This demonstrates
Hal ini menunjukkan bahwa emisi dari kegiatan operasional            that emissions generated from the Company's operational
Perseroan masih dapat dikendalikan secara efektif, sehingga          activities are effectively controlled, thereby minimizing their
dampaknya terhadap kualitas udara di sekitar area operasional        impact on air quality in the surrounding operational areas.
tetap minimal dan berkelanjutan.


PENANGANAN LIMBAH [306-1, 306-2, 306-3]                              WASTE MANAGEMENT
Secara umum, limbah yang dihasilkan dari aktivitas operasional       In general, waste generated from the Company's operational
Perseroan diklasifikasikan ke dalam 2 (dua) kategori utama,          activities is classified into two primary categories: non-
yaitu limbah Non-B3 (non-Bahan Berbahaya dan Beracun) dan            hazardous waste (Non-B3) and hazardous waste (B3). Both
limbah B3 (Bahan Berbahaya dan Beracun). Kedua jenis limbah          categories are managed in accordance with applicable laws
ini dikelola sesuai dengan ketentuan perundang-undangan              and regulations as well as the Company's established internal
yang berlaku serta standar internal yang telah ditetapkan.           standards.

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 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Pengelolaan Timbulan Limbah [F.14]                                             Waste Generation Management
Untuk memastikan pengelolaan limbah yang bertanggung                           To ensure responsible waste management, the Company
jawab, Perseroan menerapkan pendekatan berbeda terhadap                        applies different management approaches to each category of
masing-masing jenis limbah, antara lain:                                       waste generated from its operations.
1.   Pengelolaan Limbah Non-B3 (Domestik)                                      1.     Non-Hazardous Waste (Domestic Waste) Management
     Limbah Non-B3 dihasilkan dari aktivitas rutin di                                 Non-hazardous waste is generated from routine workplace
     lingkungan kerja, seperti perkantoran, pantry, dapur, serta                      activities, including office operations, pantries, kitchens,
     kegiatan kebersihan ruangan dan area lapangan. Limbah                            housekeeping, and outdoor maintenance activities. This
     ini dikategorikan menjadi 3 (tiga) jenis utama, yaitu:                           waste is classified into three primary categories:
      •      Sampah organik, seperti sisa makanan dan daun;                           •      Organic waste, such as food waste and leaves;
      •      Sampah anorganik, seperti kertas, plastik, dan                           •      Inorganic waste, such as paper, plastics, and metal
             kaleng; serta                                                                   cans; and
      •      Residu, seperti styrofoam, tisu toilet, dan lainnya.                     •      Residual waste, including styrofoam, toilet tissue,
                                                                                             and other non-recyclable materials.


     Agar pengelolaan limbah Non-B3 berjalan efektif dan                              To ensure effective and environmentally responsible
     ramah lingkungan, Perseroan menerapkan sejumlah                                  management of non-hazardous waste, the Company
     prosedur berikut:                                                                implements the following procedures:
      1.     Pemisahan Limbah di Sumber                                               1.     Waste Segregation at Source
             Setiap lokasi kerja dilengkapi dengan tempat sampah                             Separate waste bins are provided at each work
             terpisah guna memudahkan proses pemilahan                                       location to facilitate the segregation of organic and
             antara limbah organik dan anorganik sejak dari                                  inorganic waste at the point of generation.
             sumbernya.
      2.     Identifikasi dan Klasifikasi Sampah                                      2.     Waste Identification and Classification
             Sampah diklasifikasikan lebih lanjut berdasarkan                                Waste is further classified according to its
             karakteristiknya, meliputi sampah yang mudah                                    characteristics, including biodegradable waste,
             terurai, dapat digunakan kembali, dapat didaur                                  reusable materials, recyclable materials, and residual
             ulang, serta residu yang tidak dapat dimanfaatkan                               waste that cannot be recovered.
             kembali.
      3.     Penyimpanan Sementara yang Higienis Fasilitas                            3.     Hygienic Temporary Storage Temporary storage
             penyimpanan           sementara          disediakan      dengan                 facilities are maintained in accordance with hygiene
             memperhatikan standar kebersihan, bebas dari bau                                standards, ensuring they are free from unpleasant
             menyengat, serta dirancang agar tidak menarik                                   odors and designed to prevent the presence of pests
             perhatian hama atau vektor penyakit.                                            and disease vectors.
      4.     Kemitraan Pengelolaan Perseroan menjalin kerja                           4.     Waste Management Partnerships The Company
             sama dengan pihak ketiga yang memiliki kompetensi                               collaborates with qualified and licensed third parties,
             dan izin resmi, di antaranya:                                                   including:
            •      Bank sampah yang dikelola LSM lokal untuk                                  •      Waste        banks        managed    by      local   non-
                   pengelolaan limbah anorganik yang memiliki                                        governmental organizations (NGOs) for the
                   nilai ekonomis.                                                                   collection and recycling of economically
                                                                                                     valuable inorganic waste; and
            •      Vendor pengangkut limbah domestik, guna                                    •      Licensed domestic waste transportation service
                   menjamin limbah diangkut dan diolah di                                            providers to ensure that waste is transported
                   Tempat Pembuangan Akhir (TPA) sesuai                                              and disposed of at authorized final disposal
                   ketentuan yang berlaku.                                                           facilities     in    compliance       with     applicable
                                                                                                     regulations.
      5.     Penerapan Prinsip 3R (Reduce, Reuse, Recycle)                            5.     Implementation of the 3R Principles (Reduce, Reuse,
                                                                                             Recycle)
             Upaya pengurangan volume dan dampak limbah                                      The Company minimizes waste generation and
             dilakukan melalui:                                                              environmental impacts through:


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             •      Pengomposan              sampah        organik       untuk                •    Composting organic waste to produce compost
                    menghasilkan pupuk kompos;                                                     fertilizer;
             •      Daur ulang sampah seperti kardus, botol                                   •    Recycling cardboard, plastic bottles, and paper
                    plastik, dan kertas bekerja sama dengan Bank                                   in collaboration with Gunung Mas Waste
                    Sampah Gunung Mas;                                                             Bank; and
             •      Kemitraan dengan penyedia jasa pengangkutan                               •    Partnering with integrated waste management
                    terintegrasi        untuk      optimalisasi          proses                    service providers to optimize the overall waste
                    pengelolaan limbah secara keseluruhan.                                         management process.
      6.     Dokumentasi          dan        Pelaporan     Setiap      aktivitas        6.   Documentation         and        Reporting    All     waste
             pengelolaan        limbah        didokumentasikan           secara              management          activities      are      systematically
             sistematis oleh Penanggung Jawab (PIC) khusus                                   documented by designated Persons in Charge (PICs)
             dan dilaporkan secara berkala kepada instansi                                   and reported periodically to the relevant government
             pemerintah terkait sebagai bentuk transparansi dan                              authorities as part of the Company's commitment to
             akuntabilitas.                                                                  transparency and accountability.


2.    Pengelolaan Limbah B3                                                        2.   Hazardous Waste (B3 Waste) Management
      Sejalan dengan meningkatnya kompleksitas kegiatan                                 In line with the increasing complexity of operational
      operasional, terutama di area workshop dan warehouse,                             activities, particularly within workshops and warehouses,
      Perseroan juga menghasilkan limbah B3, baik dalam bentuk                          the Company also generates hazardous waste in both liquid
      cair maupun padat. Jenis limbah ini antara lain, seperti oli                      and solid forms. This includes used lubricating oil, sludge,
      bekas, sludge, aki bekas, filter bekas, kemasan terkontaminasi,                   used batteries, used filters, contaminated packaging, oily
      majun, dan spill kit bekas. Limbah ini umumnya dihasilkan                         rags, and used spill kits. Such waste is primarily generated
      dari kegiatan seperti perawatan alat berat, penggantian oli,                      from heavy equipment maintenance, oil replacement, and
      hingga pembersihan komponen mekanikal.                                            mechanical component cleaning activities.


      Mengacu pada PP No. 22 Tahun 2021 tentang                                         In accordance with Government Regulation No. 22 of
      Penyelenggaraan            Perlindungan            dan     Pengelolaan            2021 concerning the Implementation of Environmental
      Lingkungan Hidup, Perseroan menjalankan prosedur                                  Protection and Management, the Company manages
      pengelolaan limbah B3 sebagai berikut:                                            hazardous waste through the following procedures:
      •      Pengumpulan dan Penampungan                                                •    Collection and Containment
             Limbah       B3     dikumpulkan          di       dalam     sistem              Hazardous waste is collected in technically compliant
             penampungan berstandar teknis, dilengkapi dengan                                containment systems equipped with labels and
             label dan simbol sesuai dengan karakteristik masing-                            hazard symbols appropriate to the characteristics of
             masing limbah.                                                                  each waste type.
      •      Penyimpanan Sementara yang Terkontrol                                      •    Controlled Temporary Storage
             Sebelum dilakukan pengangkutan, limbah disimpan                                 Prior to transportation, hazardous waste is stored at
             di Tempat Penampungan Sementara (TPS) Limbah                                    the Company's Temporary Hazardous Waste Storage
             B3 milik Perseroan yang telah memenuhi syarat                                   Facility (TPS B3), which complies with all applicable
             teknis dan administratif.                                                       technical and administrative requirements.
      •      Pengangkutan oleh Mitra Berizin                                            •    Transportation by Licensed Service Providers
             Proses pengangkutan dan pengolahan limbah                                       Hazardous waste is transported and treated
             B3 hanya dilakukan oleh mitra kerja yang telah                                  exclusively by business partners holding valid
             memiliki izin resmi dari KLHK atau instansi terkait                             licenses issued by the Ministry of Environment and
             lainnya.                                                                        Forestry or other competent authorities.
      •      Pemantauan          dan     Pencatatan        melalui      Sistem          •    Monitoring and Recording through the e-Manifest
             e-Manifest                                                                      System
             Untuk memastikan ketertelusuran limbah B3,                                      To ensure full traceability, the Company utilizes
             Perseroan menggunakan sistem e-Manifest guna                                    the e-Manifest system to digitally record the type,
             mencatat jenis, jumlah, dan rute pengangkutan                                   quantity, and transportation route of hazardous
             secara digital dan real-time.                                                   waste in real time.


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 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




      •      Pelaporan Reguler                                                             •      Regular Reporting
             Kegiatan pengelolaan limbah B3 dilaporkan secara                                     Hazardous waste management activities are reported
             berkala kepada otoritas yang berwenang sebagai                                       periodically to the relevant authorities as part of the
             bentuk pemenuhan kewajiban hukum dan komitmen                                        Company's legal compliance and commitment to
             terhadap tata kelola lingkungan yang baik.                                           sound environmental governance.


     Seluruh upaya ini sejalan dengan implementasi Kebijakan                               These practices are fully aligned with the implementation
     QSHE serta prinsip K3, Keselamatan Operasi, dan                                       of the Company's QSHE Policy, as well as its Occupational
     Perlindungan Lingkungan Hidup, yang menjadi fondasi                                   Health and Safety, Operational Safety, and Environmental
     utama dalam setiap aspek operasional Perseroan.                                       Protection principles, which serve as the foundation of all
                                                                                           operational activities.


3.   Prosedur Seleksi Vendor Pengelola Limbah                                       3.     Waste Management Vendor Selection Procedures
     Dalam rangka memastikan pengelolaan limbah, baik                                      To ensure that both non-hazardous and hazardous waste are
     limbah non-B3 maupun limbah B3, dilaksanakan sesuai                                   managed in accordance with applicable laws and regulations,
     ketentuan peraturan perundang-undangan yang berlaku,                                  the selection of waste management service providers is
     pemilihan vendor pengelola limbah dilakukan oleh Tim                                  conducted jointly by the Procurement, QSHE, and General
     Procurement, QSHE, dan GA melalui tahapan berikut:                                    Affairs (GA) teams through the following process:
      1.     Inspeksi Lapangan                                                             1.     Site Inspection
             Tim gabungan melakukan inspeksi langsung ke                                          A joint assessment team conducts on-site inspections
             fasilitas calon vendor untuk menilai kesesuaian                                      of prospective vendors' facilities to evaluate the
             sistem dan sarana pengelolaan limbah terhadap                                        adequacy of their waste management systems and
             ketentuan        hukum         dan      standar          operasional                 facilities in meeting legal requirements and the
             perusahaan.                                                                          Company's operational standards.


      2.     Verifikasi Dokumen Legalitas                                                  2.     Verification of Legal Documentation
             Calon vendor diwajibkan menyerahkan seluruh                                          Prospective vendors are required to submit all
             dokumen legal yang relevan, yang kemudian akan                                       relevant legal documentation, which is subsequently
             diverifikasi oleh tim untuk memastikan kepatuhan                                     verified by the evaluation team to ensure compliance
             terhadap regulasi yang berlaku.                                                      with applicable regulations.


      3.     Penyusunan Perjanjian Kerja Sama                                              3.     Preparation of Cooperation Agreements
             Setelah lolos verifikasi, dilakukan penyusunan                                       Following successful verification, a legally binding
             dan     penandatanganan            perjanjian       kerja      sama                  cooperation agreement is prepared and executed
             yang sah secara hukum antara perusahaan dan                                          between the Company and the selected vendor, as
             vendor, serta pihak terkait lainnya bila diperlukan.                                 well as other relevant parties where necessary. The
             Klausul perjanjian wajib mencakup komitmen                                           agreement includes mandatory clauses covering
             terhadap aspek keselamatan kerja, kesehatan, dan                                     commitments to occupational health and safety,
             perlindungan lingkungan.                                                             environmental protection, and regulatory compliance.


      4.     Pencatatan dan Pemantauan Limbah                                              4.     Waste Recording and Monitoring
             Seluruh limbah yang diserahkan kepada vendor                                         All waste transferred to waste management service
             wajib dicatat dalam dokumen manifest. Untuk                                          providers is recorded through a manifest system.
             limbah B3, pengangkutan dilakukan paling lambat                                      Hazardous waste must be transported within a
             dalam jangka waktu 90 (sembilan puluh) hari.                                         maximum period of ninety (90) days. The Company
             Perusahaan memantau status limbah B3 tersebut                                        continuously monitors the status of hazardous waste
             secara berkala melalui sistem Festronik/e-Manifest.                                  through the Festronik/e-Manifest system.




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      5.     Evaluasi Berkala                                                 5.   Periodic Evaluation
             Tim melakukan evaluasi secara berkala untuk                           Periodic evaluations are conducted to ensure that
             memastikan bahwa seluruh dokumen perizinan dan                        all permits and legal documentation held by waste
             legalitas vendor tetap berlaku dan sesuai dengan                      management service providers remain valid and
             perkembangan peraturan yang berlaku.                                  continue to comply with prevailing regulatory
                                                                                   requirements.


Pengurangan Timbulan Limbah                                              Waste Reduction
Perseroan melakukan berbagai inisiatif untuk mengurangi                  The Company implements various initiatives to reduce
timbulan limbah di seluruh lini operasional Perusahaan                   waste generation across all operational activities through the
melalui implementasi Gerakan 3R beserta sejumlah program                 implementation of the 3R Movement (Reduce, Reuse, Recycle)
strategis berikut:                                                       and several strategic programs, including:
•     Edukasi dan Sosialisasi                                            •    Education and Awareness Programs
      Menyelenggarakan webinar bertajuk “Bijak Kelola                         Organizing the "Wise Waste Management" webinar in
      Sampah” bekerja sama dengan Dinas Lingkungan Hidup                      collaboration with the Jakarta Provincial Environmental
      Provinsi DKI Jakarta, guna meningkatkan kesadaran dan                   Agency     to      enhance   employees'   awareness      and
      pemahaman seluruh karyawan mengenai pengelolaan                         understanding of responsible waste management across
      sampah yang bertanggung jawab di seluruh kantor cabang                  all Hexindo branch offices and project sites.
      dan proyek Hexindo.
•     Fasilitas Pengelolaan Sampah Terintegrasi                          •    Integrated Waste Management Facilities
      Menyediakan tempat sampah terpilah untuk 4 (empat)                      Providing segregated waste bins for four primary waste
      kategori utama, yaitu sampah organik, anorganik, residu,                categories—organic waste, inorganic waste, residual
      dan limbah B3, guna memudahkan proses pengelolaan                       waste, and hazardous waste—to facilitate proper waste
      dan pemrosesan sampah sesuai klasifikasinya.                            segregation and processing.
•     Pemilahan Sampah Rutin                                             •    Routine Waste Segregation
      Melaksanakan kegiatan pemilahan sampah secara rutin                     Conducting waste segregation activities twice each month
      sebanyak 2 (dua) kali setiap bulan.                                     as part of routine waste management practices.
•     Pengurangan Limbah Sekali Pakai                                    •    Reduction of Single-Use Waste
      Mendorong penggunaan botol minum atau tumbler yang                      Encouraging employees to use reusable drinking bottles
      dapat digunakan ulang untuk mengurangi konsumsi                         or tumblers to reduce the consumption of single-use
      botol plastik sekali pakai.                                             plastic bottles.
•     Digitalisasi Dokumen                                               •    Document Digitalization
      Mengurangi          penggunaan         kertas   dalam   kegiatan        Reducing paper consumption in operational activities
      operasional        dengan       mengalihkan     sebagian   besar        by converting the majority of documents into digital or
      dokumen menjadi versi digital atau softcopy.                            electronic formats.
•     Kemitraan dengan Bank Sampah                                       •    Partnership with Waste Banks
      Mengumpulkan dan menyalurkan sampah yang memiliki                       Collecting and channeling recyclable materials, including
      nilai daur ulang, seperti kardus, kertas, dan botol bekas,              cardboard, paper, and used plastic bottles, through
      melalui kerja sama dengan Yayasan Bank Sampah.                          collaboration with the Waste Bank Foundation.
•     Pengolahan Sampah Organik Skala Kecil                              •    Small-Scale Organic Waste Composting
      Menerapkan penggunaan compost bag sederhana di                          Utilizing simple compost bags within office premises to
      lingkungan kantor sebagai upaya untuk mengurangi                        reduce the volume of organic waste generated.
      volume sampah organik.


Penanganan Tumpahan [F.15]                                               Spill Response
Dalam rangka memitigasi risiko tumpahan B3, Hexindo telah                To mitigate the risk of hazardous material spills, Hexindo
menetapkan dan mengimplementasikan sejumlah langkah                      has established and implemented a range of preventive and
preventif dan responsif yang tertuang dalam Dokumen Manual               responsive measures set out in the Hazardous Waste Emergency
Kedaruratan Limbah B3 No. MAN/HO/HAP/002, yang telah                     Response Manual No. MAN/HO/HAP/002, which was approved
disahkan oleh Presiden Direktur pada 17 Januari 2020. Selain             by the President Director on 17 January 2020. In addition, the


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 Ikhtisar 2025 | 2025 Highlights                                                  Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                            Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                              Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




itu, Perseroan juga telah menyediakan spill control kit di area                   Company has provided spill control kits at strategic work areas
kerja strategis sebagai bagian dari kesiapsiagaan darurat.                        as part of its emergency preparedness measures.


Sebagai bagian dari upaya identifikasi dan pengendalian risiko                    As part of its efforts to identify and control emergency risks
kedaruratan yang berkaitan dengan pengelolaan bahan dan                           associated with the management of hazardous materials and
limbah B3 di seluruh area operasional, Hexindo menerapkan                         hazardous waste across all operational areas, Hexindo applies a
pendekatan sistematis yang mencakup tahapan berikut:                              systematic approach comprising the following stages:
1.   Melakukan inventarisasi terhadap seluruh jenis bahan                         1.     Conducting an inventory of all hazardous materials used
     B3 yang digunakan di setiap area atau departemen yang                               in each area or department engaged in activities involving
     memiliki aktivitas terkait B3.                                                      hazardous substances.
2.   Melakukan verifikasi karakteristik bahaya dari masing-                       2.     Verifying the hazard characteristics of each hazardous
     masing bahan B3 berdasarkan lembar Material Safety Data                             material based on the applicable Material Safety Data
     Sheet (MSDS) yang tersedia. Untuk bahan B3 yang belum                               Sheet (MSDS). Where an MSDS is unavailable, the
     memiliki MSDS, Perseroan mewajibkan permintaan                                      Company requires the document to be obtained from the
     dokumen tersebut kepada pemasok, produsen, atau                                     relevant supplier, manufacturer, or authorized distributor.
     distributor resmi.
3.   Memasang MSDS board di seluruh area kerja yang                               3.     Installing MSDS information boards in all work areas
     berpotensi terdampak penggunaan bahan B3.                                           where hazardous materials are used or handled.
4.   Menyusun matriks identifikasi risiko yang mencakup:                          4.     Preparing a comprehensive risk identification matrix
                                                                                         covering:
      a.     Jenis bahan atau limbah B3;                                                 a.     Types of hazardous materials or hazardous waste;
      b.     Jumlah bahan atau limbah B3;                                                b.     Quantities of hazardous materials or hazardous
                                                                                                waste;
      c.     Karakteristik bahan B3;                                                     c.     Hazard characteristics of the materials;
      d.     Kategori bahan atau limbah B3 sesuai dengan                                 d.     Classification of hazardous materials and hazardous
             ketentuan Peraturan Pemerintah No. 101 Tahun                                       waste in accordance with Government Regulation
             2014;                                                                              No. 101 of 2014;
      e.     Potensi bahaya terhadap keselamatan karyawan dan                            e.     Potential risks to employee safety and the
             lingkungan;                                                                        environment;
      f.     Analisis risiko kedaruratan;                                                f.     Emergency risk assessments;
      g.     Penyusunan SOP penanggulangan;                                              g.     Development of emergency response Standard
                                                                                                Operating Procedures (SOPs);
      h.     Pembentukan tim tanggap darurat; serta                                      h.     Establishment of emergency response teams; and
      i.     Analisis       kebutuhan          sarana       dan       prasarana          i.     Assessment of supporting facilities and infrastructure
             pendukung.                                                                         requirements.


Sebagai bentuk komitmen terhadap keselamatan kerja dan                            As part of its commitment to occupational safety and regulatory
kepatuhan terhadap regulasi, seluruh penanggung jawab kegiatan                    compliance, all personnel responsible for activities involving
serta karyawan yang terlibat langsung dengan penggunaan                           hazardous materials and hazardous waste, as well as employees
bahan dan pengelolaan limbah B3 telah mendapatkan sosialisasi                     directly engaged in such activities, have received awareness
serta pelatihan terkait prosedur penanganan tumpahan B3.                          programs and training on hazardous spill response procedures.
Pelatihan ini merujuk pada dokumen Prosedur Penanganan                            The training is conducted in accordance with the Hazardous
Tumpahan B3 No. IK/HO/ BDEV/017-001.                                              Spill Response Procedure No. IK/HO/BDEV/017-001.


Melalui berbagai upaya tersebut, tidak terdapat tumpahan                          Through these comprehensive measures, the Company
dalam pelaksanaan kegiatan operasional Perusahaan sepanjang                       recorded no hazardous material spills throughout the 2025
tahun buku 2025.                                                                  financial year.




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Timbulan dan Pengelolaan                                                                                    Waste Generation and Management
Limbah Sepanjang tahun buku 2025, jumlah limbah B3 yang                                                     Throughout the 2025 financial year, the Company generated a
dihasilkan oleh Perseroan tercatat sebesar 6,2 ton, mengalami                                               total of 6.2 tonnes of hazardous waste, representing a decrease
penurunan sebesar 16,22% dibandingkan periode sebelumnya                                                    of 16.22% compared with the previous year's total of 7.4 tonnes.
yang mencapai 7,4 ton. Sementara itu, timbulan limbah non-B3                                                Meanwhile, non-hazardous waste generation totaled 101.4
tercatat sebesar 101,4 ton, menurun 44,13% dari periode                                                     tonnes, representing a decrease of 44.13% from the previous
sebelumnya yang mencapai 181,5 ton. Penurunan volume limbah                                                 year's 181.5 tonnes. The reduction in waste generation reflects
ini mencerminkan efektivitas berbagai program pengurangan                                                   the effectiveness of the Company's waste reduction initiatives
timbulan limbah yang telah diterapkan oleh Perusahaan. Adapun                                               implemented across its operations. The Company's waste
jumlah timbulan dan pengelolaan limbah Perseroan dalam 3                                                    generation and waste management performance over the past
(tiga) tahun buku terakhir adalah sebagai berikut:                                                          3 (three) financial years are presented as follows:


Timbulan dan Pengelolaan Limbah [306-3, 306-4, 306-5] [B.2.c, F.13]
Waste Generation and Management
                                                                                                                                                                                        dalam Ton | in Tons

                         Uraian                                       FY2025                         FY2024                       FY2023                                Description
     Timbulan Limbah                                                                                                                                                               Waste Generation
     Limbah B3                                                                                                                                                                      Hazardous Waste
     Oli/Sludge Bekas                                                           2,5                         5,5                          2,7                                          Used Oil/Sludge
     Aki/Baterai                                                                1,0                         0,3                          1,8                                             Used Batteries
     Limbah Elektronik                                                          0,7                         0,6                          0,9                                          Electronic Waste
     Kemasan                                                                                                                                                     Hazardous Waste-Contaminated
                                                                                0,7                         0,1                          0,2
     Terkontaminasi B3                                                                                                                                                              Packaging
     Majun Bekas                                                                0,2                         0,4                          0,5                                     Used Cleaning Rags
     Spill Kit Bekas                                                            0,1                         0,0                          0,2                                             Used Spill Kits
     Limbah Terkontaminasi                                                      0,2                         0,1                          0,4                                    Contaminated Waste
     Scrap Terkontaminasi                                                       0,0                         0,0                          0,0                                     Contaminated Scrap
     Filter Bekas                                                               0,1                         0,2                          0,1                                                Used Filters
     Sisa Bahan Kimia                                                                                                                                            Residual Chemical Materials (Ex
                                                                                0,3                         0,2                          0,5
     (Ex Chemical)                                                                                                                                                                  Chemicals)
     Produk cat tidak memenuhi                                                                                                                                         Paint product does not meet
                                                                                0,4                         0,0                          0,0
     spesifikasi (kadaluwarsa)                                                                                                                                              specifications (expired)
     Jumlah                                                                     6,2                         7,4                          7,3                                                         Total
     Limbah Non-B3 (Sampah Domestik)                                                                                                                Non-Hazardous Waste (Domestic Waste)
     Anorganik (Dapat Didaur Ulang)                                           62,8                        65,0                          26,8                                  Inorganic (Recyclable)
     Organik (Mudah Terurai)                                                  35,3                       115,8                          94,8                                 Organic (Compostable)
     Residu                                                                     3,3                         0,7                          2,3                                            Residual Waste
     Jumlah                                                                 101,4                       181,5                         123,9                                                          Total
     Jumlah Timbulan Limbah                                                 107,6                       188,9                         131,2                                  Total Waste Generated
     Pengurangan (Kenaikan) Timbulan Limbah                                                                                                       Reduction (Increase) in Waste Generation
     Limbah B3                                                                  1,2                       (0,1)                        (0,6)                                         Hazardous Waste
     Limbah Non-B3                                                            80,1                      (57,6)                          97,8                                  Non-Hazardous Waste
     Jumlah                                                                   81,3                      (57,7)                         97,2                                                          Total
     Pengelolaan Limbah                                                                                                                                                          Waste Management
     Limbah B3                                                                                                                                                                      Hazardous Waste
     Diserahkan ke Pihak Ketiga Berizin            1)
                                                                                6,2                         7,4                          7,3               Transferred to Licensed Third Party 1)
     Jumlah                                                                     6,2                         7,4                          7,3                                                         Total
     Limbah Non-B3                                                                                                                                                           Non-Hazardous Waste
     Dialihkan dari TPA (Didaur Ulang /                                                                                                                        Diverted from Landfill (Recycled/
                                                                              58,2                          0,0                          0,0
     Dikompos)                                                                                                                                                                     Composted)
     Dikirimkan ke TPA (Residu Sampah
                                                                              43,2                       181,0                        123,1                         Directed to Disposal (Landfill)
     Domestik)
     Jumlah                                                                 101,4                       181,0                         123,1                                                          Total
1)
     Limbah B3 diserahkan kepada pengangkut dan pengelola Limbah B3 berizin, serta seluruh perpindahannya dilaporkan melalui SPEED/SIMPEL KLH.
     Hazardous waste was transferred to licensed hazardous waste transporters and waste management facilities, with all waste movements reported through the Ministry of Environment's SPEED/SIMPEL system.


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    Laporan Manajemen | Management Report                                             Laporan Keberlanjutan | Sustainability Report
    Profil Perusahaan | Company Profile                                               Laporan Keuangan | Financial Report
    Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Penggunaan Material yang Ramah Lingkungan [F.5]                                       Environmentally Friendly Material Usage
Perseroan senantiasa menerapkan kebijakan QSHE untuk                                  The Company consistently implements its QSHE Policy to limit
membatasi penggunaan material yang berisiko tinggi                                    the use of materials that pose significant environmental risks.
terhadap lingkungan. Kebijakan ini merujuk pada peraturan                             This policy is aligned with applicable government regulations
pemerintah serta standar internasional, seperti Protokol                              and international standards, including the Kyoto Protocol on
Kyoto (pengurangan emisi GRK) dan Protokol Montreal                                   greenhouse gas (GHG) emission reduction and the Montreal
(pengendalian bahan perusak ozon).                                                    Protocol on the control of ozone-depleting substances.


Seluruh sistem pendingin udara di fasilitas Hexindo telah                             All air conditioning systems installed at Hexindo's facilities are
bebas dari refrigeran CFC, sementara trafo dan kapasitor yang                         free from CFC-based refrigerants, while the transformers and
digunakan tidak mengandung minyak pendingin berbasis                                  capacitors in operation do not contain PCB-based insulating
PCB, sesuai dengan ketentuan dalam Permen LHK No. 29                                  oil, in accordance with the requirements of Ministry of
Tahun 2020. Inisiatif tersebut telah tertuang dalam Nota                              Environment and Forestry Regulation No. 29 of 2020. This
Internal No. 001/NI-QSHE/HAP/IV/2022 tentang Pelarangan                               commitment is formalized through Internal Memorandum
Penggunaan Bahan Kimia Tertentu.                                                      No. 001/NI-QSHE/HAP/IV/2022 concerning the Prohibition
                                                                                      of the Use of Certain Hazardous Chemicals.


Selain itu, Hexindo secara bertahap menggantikan lampu                                In addition, Hexindo has progressively replaced conventional
TL konvensional dengan lampu LED hemat energi di Kantor                               fluorescent (TL) lighting with energy-efficient LED lighting
Pusat, Cabang Jakarta, dan Cabang Balikpapan. Upaya ini tidak                         at its Head Office, Jakarta Branch, and Balikpapan Branch.
hanya mengurangi konsumsi listrik dan emisi GRK, tetapi juga                          This initiative not only reduces electricity consumption and
menekan limbah B3, seperti merkuri dari limbah lampu. Di sisi                         greenhouse gas emissions but also minimizes hazardous waste
lain, penggunaan penerangan tenaga surya telah diterapkan                             generation, including mercury-containing waste from lighting
di area akses masuk Cabang Balikpapan sebagai bentuk                                  equipment. Furthermore, solar-powered lighting has been
pemanfaatan energi terbarukan. Perseroan juga telah beralih                           installed at the entrance area of the Balikpapan Branch as part
ke bahan pembersih berbasis air untuk meminimalkan dampak                             of the Company's gradual adoption of renewable energy. The
jangka panjang terhadap kesehatan karyawan dan lingkungan.                            Company has also transitioned to water-based cleaning agents
                                                                                      to minimize long-term impacts on employee health and the
                                                                                      environment.


Dalam           kegiatan        operasional          sehari-hari,          Hexindo    In its day-to-day operations, Hexindo has comprehensively
mengimplementasikan                 konsep        paperless       office     secara   implemented a paperless office concept through various digital
menyeluruh melalui berbagai inisiatif digital, antara lain:                           initiatives, including:
•       Digitalisasi proses administrasi, termasuk penerapan                          •      Digitalizing administrative processes, including the
        digital approval system;                                                             implementation of a digital approval system;
•       Pemanfaatan ulang kertas bekas non-rahasia dengan                             •      Reusing non-confidential paper by utilizing blank pages
        menggunakan sisi kosong untuk kebutuhan internal;                                    for internal purposes;
•       Distribusi materi promosi melalui kanal digital seperti                       •      Distributing promotional materials through digital
        WhatsApp, email, dan QR code;                                                        platforms such as WhatsApp, email, and QR codes; and
•       Implementasi e-receipt untuk transaksi ritel yang dikirim                     •      Implementing electronic receipts (e-receipts) for retail
        langsung ke email pelanggan.                                                         transactions, which are sent directly to customers via email.


Adapun jumlah penggunaan kertas dalam 3 (tiga) tahun buku                             The Company's paper consumption over the past three
terakhir adalah sebagai berikut:                                                      financial years is presented as follows:




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Jumlah Penggunaan Kertas
Total Paper Consumption
             Uraian                          FY2025                  FY2024                       FY2023                  Description
    Bahan Baku Kertas (rim)                                                                                       Paper Raw Materials (reams)
    A3                                            5                         0                            10                                A3
    A4                                         1.210                     1.759                         1.018                               A4
    F4                                            5                         5                             0                                 F4
    Continuous Form                             860                       132                           507                  Continuous Form
    Jumlah                                     2.080                     1.896                         1.535                             Total
    Lainnya (Produk Jadi)                                                                                          Others (Finished Products)
    Buku                                        558                       251                           729                              Book


Kenaikan dibandingkan 2 (dua) periode sebelumnya, hal                       An increase compared with the previous two reporting
tersebut tidak mencerminkan perubahan arah kebijakan.                       periods does not indicate a change in the Company's policy
Peningkatan ini lebih disebabkan oleh kebutuhan dokumentasi                 direction. The increase was primarily attributable to additional
tambahan pada proyek proyek tertentu. Secara keseluruhan,                   documentation requirements associated with certain projects.
arah kebijakan Perseroan tetap konsisten dalam mendorong                    Overall, the Company's policy remains consistently focused on
pengurangan penggunaan material berbasis kertas.                            reducing the use of paper-based materials.


PENGELOLAAN SUMBER DAYA AIR [F.8]                                           WATER RESOURCE MANAGEMENT
Air merupakan sumber daya penting untuk menunjang aktivitas                 Water is an essential resource supporting the Company's
operasional Perusahaan, mulai dari proses pembersihan                       operational activities, ranging from component cleaning in
komponen dalam kegiatan remanufaktur, operasional bengkel                   remanufacturing processes and workshop operations requiring
yang membutuhkan sistem pendingin dan sanitasi, hingga                      cooling and sanitation systems to supporting facilities for after-
fasilitas pendukung untuk layanan purna jual.                               sales services.


Sumber Pasokan Air                                                          Water Supply Sources
Perseroan memanfaatkan 2 (dua) sumber air utama untuk                       The Company utilizes two primary water sources for its
operasionalnya, yaitu pasokan dari jaringan PDAM dan air                    operations, namely water supplied by the regional water
tanah yang diambil melalui sumur bor. Sumber daya air ini                   utility (PDAM) and groundwater extracted through deep
digunakan untuk memenuhi kebutuhan domestik seperti                         wells. These water resources are used to meet domestic needs,
toilet, dapur, dan kebersihan, serta kebutuhan operasional                  including sanitation, pantry and kitchen facilities, and general
seperti pencucian peralatan di workshop.                                    housekeeping, as well as operational requirements such as
                                                                            equipment washing in workshop facilities.


Inisiatif Konservasi dan Efisiensi Air                                      Water Conservation and Efficiency Initiatives
Sebagai bagian dari komitmen terhadap efisiensi dan konservasi              As part of its commitment to water conservation and efficient
sumber daya air, Perseroan telah mengimplementasikan                        resource utilization, the Company has implemented various
berbagai inisiatif strategis, antara lain:                                  strategic initiatives, including:
•        Instalasi flow meter untuk memantau konsumsi air secara            •    Installing flow meters to monitor water consumption in
         realtime serta mendeteksi potensi kebocoran secara dini;                real time and detect potential leaks at an early stage;
•        Penerapan sistem daur ulang air untuk kebutuhan                    •    Implementing water recycling systems for non-potable
         nonkonsumsi,       seperti      penyiraman    tanaman     dan           applications, such as landscape irrigation and equipment
         pendinginan mesin;                                                      cooling;
•        Pemanfaatan teknologi water-saving fixtures, seperti               •    Utilizing water-saving fixtures, including sensor-operated
         keran sensor dan toilet dual-flush di fasilitas kantor;                 faucets and dual-flush toilet systems, throughout office
                                                                                 facilities;
•        Pembangunan sumur resapan dan lubang biopori guna                  •    Constructing infiltration wells and biopore systems to
         meningkatkan cadangan air tanah;                                        enhance groundwater recharge;
•        Optimalisasi Ruang Terbuka Hijau (RTH) sebagai area                •    Optimizing Green Open Spaces (RTH) as natural water
         resapan alami;                                                          infiltration areas;

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    Analisis & Pembahasan Manajemen | Management Discussion & Analysis




•       Pemanfaatan air kondensat dari sistem pendingin udara                            •         Utilizing condensate water from air conditioning (AC)
        (AC) untuk penyiraman tanaman;                                                             systems for landscape irrigation;
•       Penerapan sistem drainase terpadu dengan pemeliharaan                            •         Implementing integrated drainage systems supported by
        saluran air secara berkala;                                                                routine maintenance of drainage channels;
•       Penampungan air hujan untuk kebutuhan operasional                                •         Collecting rainwater for supplementary operational
        tambahan;                                                                                  purposes;
•       Pengembangan lanskap ramah air, yang dirancang untuk                             •         Developing water-sensitive landscaping designed to
        meminimalkan limpasan air serta mendukung sistem                                           minimize surface runoff while enhancing natural water
        resapan alami;                                                                             infiltration;
•       Kampanye internal hemat air melalui pemasangan poster/                           •         Conducting internal water conservation campaigns
        stiker, penyebaran flyer digital via internet dan surel                                    through posters, stickers, and digital awareness materials
        kepada seluruh karyawan; serta                                                             distributed via the internet and email to all employees; and
•       Pengaturan debit air pada wastafel dan perangkat sanitasi                        •         Regulating water flow rates at wash basins and other sanitary
        lainnya untuk menekan konsumsi berlebih.                                                   facilities to minimize excessive water consumption.


Penggunaan Air [F.8]                                                                     Water Consumption
Sepanjang tahun buku 2025, total konsumsi air Perseroan                                  Throughout the 2025 financial year, the Company's total water
tercatat sebesar 18.957 m³, meningkat 15,30% dibandingkan                                consumption amounted to 18,957m³, representing an increase
dengan periode sebelumnya yang mencapai 16.442 m³.                                       of 15.30% compared with the previous year's consumption of
Peningkatan dibandingkan periode sebelumnya, terutama                                    16,442 m³. An increase compared to the previous reporting
seiring       bertambahnya           aktivitas      operasional          perseroan,      period, primarily driven by the expansion of the Company's
namun upaya mengelola konsumsi air secara terukur melalui                                operational activities. Nevertheless, the Company continued its
pemasangan flow meter, daur ulang air non-konsumsi, water-                               efforts to manage water consumption in a controlled manner
saving fixtures, serta sumur resapan dan lubang biopori.                                 through the installation of flow meters, non-potable water
Adapun jumlah penggunaan air selama 3 (tiga) tahun buku                                  recycling, water-saving fixtures, as well as infiltration wells and
terakhir adalah sebagai berikut:                                                         biopore infiltration holes. The Company's water consumption
                                                                                         over the past three financial years is presented as follows:
Penggunaan Air [F.8]
Water Consumption
                                                     FY2025                       FY2024                           FY2023
                 Uraian                                                                                                                          Description
                                                        (m3)                          (m3)                           (m3)
    Air PDAM Regional                                     18.872                        16.316                          18.915               Drinking Water Company
    Air Tanah                                                  85                            126                               -                          Groundwater
    Jumlah                                                18.957                       16.442                           18.915                                     Total
    Catatan: Cakupan perhitungan meliputi Kantor Pusat serta Cabang Jakarta dan Balikpapan.
    Note: The calculation covers the Head Office and the Jakarta and Balikpapan Branches.


PELESTARIAN KEANEKARAGAMAN HAYATI                                                        BIODIVERSITY CONSERVATION
[F.9, F.10]

Hingga akhir tahun buku 2025, seluruh wilayah operasional                                As of the end of the 2025 financial year, none of the Company's
Perseroan tidak berada di dekat maupun di dalam kawasan                                  operational sites were located within or adjacent to protected
konservasi, serta tidak berada di area yang memiliki                                     conservation areas or in locations with significant biodiversity
keanekaragaman hayati yang signifikan. Meski demikian,                                   value. Nevertheless, the Company remains committed to
Perseroan tetap berupaya untuk mendukung pelestarian                                     supporting environmental conservation through various
lingkungan melalui berbagai inisiatif penghijauan di sekitar                             greening initiatives implemented around its office premises.
area kantor. Upaya ini mencakup:                                                         These initiatives include:
1.      Penanaman berbagai jenis pohon peneduh dan tanaman                               1.        Planting various species of shade trees and leafy vegetation
        berdaun rimbun untuk meningkatkan keberagaman flora                                        to enhance floral diversity within the office environment;
        di lingkungan sekitar kantor;
2.      Penambahan varietas tanaman hias dan hortikultura guna                           2.        Introducing a wider variety of ornamental and
        memperkaya ruang terbuka hijau dengan spesies tanaman                                      horticultural plants to enrich green open spaces with
        yang beragam; serta                                                                        diverse plant species; and

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3.    Pelaksanaan pemeliharaan rutin, seperti penyiraman,           3.   Conducting routine maintenance activities, including
      pemupukan, dan pemangkasan, untuk memastikan                       watering, fertilizing, and pruning, to ensure healthy plant
      pertumbuhan tanaman yang optimal dan mendukung                     growth and support biodiversity conservation within
      pelestarian keanekaragaman hayati di area tersebut.                these areas.


Selain itu, Perseroan secara konsisten terlibat dalam program       In addition, since 2017 the Company has consistently participated
CSR yang berfokus pada pelestarian keanekaragaman                   in Corporate Social Responsibility (CSR) programs focusing on
hayati dan peningkatan kesadaran lingkungan di kalangan             biodiversity conservation and environmental awareness within
masyarakat sejak tahun 2017. Dalam program ini, Perseroan           local communities. Through these programs, the Company
telah menjalin kemitraan dengan berbagai organisasi lokal           has partnered with various local organizations to undertake
untuk melaksanakan restorasi lingkungan di area kritis,             environmental restoration initiatives in environmentally sensitive
serta melibatkan karyawan secara aktif guna menumbuhkan             areas while actively encouraging employee participation to foster
rasa kepedulian terhadap pelestarian alam. Hingga saat ini,         greater awareness and responsibility for nature conservation. To
Perseroan telah menanam lebih dari 6.000 bibit tanaman di 5         date, the Company has planted more than 6,000 tree seedlings
(lima) area kritis, yaitu Jakarta Utara, Sentul, Cirebon, Cariu,    across five critical areas, namely North Jakarta, Sentul, Cirebon,
dan Sukabumi.                                                       Cariu, and Sukabumi.




Aspek Sosial
Social Aspect



                                                            • Keberadaan Pasar
                      Topik Material                          Market Prsence
                      yang Tercakup [3-2]                   • Kepegawaian
                      Material Topic Covered                  Employment
                                                            • Kesehatan dan Keselamatan Kerja
                                                              Occupational Health and Safety
                                                            • Pendidikan dan Pelatihan
                                                              Educational and Training
                                                            • Keanekaragaman dan Kesetaraan Peluang
                                                              Diversity and Equal Opportunity




KOMITMEN TERHADAP KEBERLANJUTAN                                     COMMITMENT TO SOCIAL SUSTAINABILITY
SOSIAL [3-3]
Dalam menghadapi tantangan operasi Perusahaan yang tersebar         In addressing the challenges of operating across diverse
di berbagai wilayah dengan karakteristik sosial ekonomi yang        regions with varying socio-economic characteristics, the
beragam, Perseroan perlu menyesuaikan strategi operasional,         Company continuously adapts its operational strategies,
mengembangkan SDM secara berkelanjutan, menerapkan                  develops its human capital on an ongoing basis, implements
sistem K3 yang ketat, menyediakan pelatihan yang relevan, serta     a robust occupational health and safety management system,
menerapkan manajemen inklusif demi menjamin kesetaraan              provides relevant employee training, and promotes inclusive
bagi seluruh karyawan, serta membangun hubungan yang                management practices to ensure equal opportunities for all
harmonis dengan masyarakat sekitar.                                 employees while fostering harmonious relationships with
                                                                    surrounding communities.




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    Ikhtisar 2025 | 2025 Highlights                                                Tata Kelola Perusahaan | Corporate Governance
    Laporan Manajemen | Management Report                                          Laporan Keberlanjutan | Sustainability Report
    Profil Perusahaan | Company Profile                                            Laporan Keuangan | Financial Report
    Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Dampak dan Pengelolaan Dampak [E.5]                                                Impacts and Impact Management
Perseroan berkontribusi terhadap dampak sosial positif                             The Company contributes to positive social outcomes through
melalui pembukaan lapangan kerja serta pengembangan                                job creation and the continuous development of employee
kompetensi karyawan melalui pelatihan teknis dan manajerial.                       competencies through technical and managerial training
Program CSR yang selaras dengan 7 prioritas SDGs turut                             programs. In addition, its Corporate Social Responsibility
mendorong pemberdayaan masyarakat sekitar. Tantangan                               (CSR) initiatives, which are aligned with seven priority
seperti ketimpangan gender, risiko K3, dan isu ketenagakerjaa                      Sustainable Development Goals (SDGs), support the sustainable
dikelola melalui kebijakan non-diskriminasi, penerapan SMK3                        empowerment of local communities. Social challenges, including
berbasis ISO 45001:2018, serta pengawasan atas pemenuhan                           gender inequality, occupational health and safety risks, and
hak tenaga kerja.                                                                  labor-related issues, are managed through non-discrimination
                                                                                   policies, the implementation of an Occupational Health and
                                                                                   Safety Management System (OHSMS) based on ISO 45001:2018,
                                                                                   and continuous oversight of labor rights compliance.
Komitmen dan Kebijakan
Perseroan berkontribusi terhadap dampak sosial positif                             Commitment and Policy
melalui        penciptaan         lapangan        kerja     dan      peningkatan   The Company is committed to generating positive social
kompetensi karyawan melalui pelatihan teknis maupun                                impacts through employment creation and continuous
manajerial. Selanjutnya, melalui program CSR yang selaras                          employee competency development by providing both
dengan 7 (tujuh) prioritas SDGs, Perseroan turut mendorong                         technical and managerial training. Furthermore, through CSR
pemberdayaan masyarakat sekitar secara berkelanjutan.                              programs aligned with seven priority SDGs, the Company
                                                                                   actively promotes sustainable community empowerment
                                                                                   within its operational areas.
Tindakan dan Efektivitas
Perusahaan menerapkan tindakan preventif melalui pelatihan                         Actions and Effectiveness
K3, inspeksi rutin, dan edukasi Safety Golden Rules.                               The Company implements preventive measures through
Penanganan insiden dilakukan oleh tim P2K3, didukung                               occupational health and safety training, routine inspections,
layanan BPJS dan telemedicine sebagai bagian dari dukungan                         and education on the Safety Golden Rules. Incident
medis dan tindak lanjut pascainsiden. Dampak positif dikelola                      management is carried out by the Occupational Health
melalui program beasiswa, apresiasi loyalitas, dan pelatihan                       and Safety Committee (P2K3), supported by BPJS services
budaya kerja. Efektivitas tercermin dari penurunan angka                           and telemedicine facilities as part of post-incident medical
kecelakaan kerja, nihilnya kasus penyakit akibat kerja, serta                      assistance and follow-up. Positive social impacts are further
evaluasi kinerja berbasis KPI secara menyeluruh.                                   enhanced through scholarship programs, employee loyalty
                                                                                   recognition initiatives, and corporate culture development
                                                                                   programs. The effectiveness of these initiatives is reflected
                                                                                   in the reduction of workplace accident rates, the absence of
                                                                                   occupational disease cases, and comprehensive performance
                                                                                   evaluations based on Key Performance Indicators (KPIs).


Keterlibatan Pemangku Kepentingan                                                  Stakeholder Engagement
Bentuk keterlibatan pemangku kepentingan Perseroan dalam                           The Company's stakeholder engagement in managing social
pengelolaan dampak sosial dan ketenagakerjaan mencakup:                            and labor-related impacts includes:
•       Karyawan dilibatkan melalui Forum Bipartit untuk dialog                    •      Employees, through the Bipartite Forum for labor
        ketenagakerjaan, partisipasi dalam P2K3 untuk evaluasi                            dialogue, participation in the Occupational Health and
        K3, serta akses terhadap Whistleblowing System sebagai                            Safety Committee (P2K3) for OHS evaluations, and access
        kanal pelaporan;                                                                  to the Whistleblowing System as a reporting mechanism;
•       Masyarakat diberdayakan melalui program CSR yang                           •      Local communities, through CSR programs aligned
        selaras dengan SDGs, dijalankan bersama pemerintah                                with the SDGs and implemented in collaboration
        dan LSM untuk memastikan dampak sosial yang tepat                                 with government institutions and non-governmental
        sasaran; serta                                                                    organizations (NGOs) to ensure targeted and sustainable
                                                                                          social impacts; and


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•     Pemasok dipantau secara berkala guna memastikan            •    Suppliers, through periodic monitoring to ensure
      kepatuhan terhadap standar ketenagakerjaan, termasuk            compliance    with   labor    standards,    including     the
      pelarangan pekerja anak dan kerja paksa dalam rantai            prohibition of child labor and forced labor throughout
      pasok.                                                          the supply chain.


MANAJEMEN SUMBER DAYA MANUSIA [2-7, 405-1]                       HUMAN CAPITAL MANAGEMENT
Perseroan menempatkan penghormatan terhadap hak asasi            The Company places the highest priority on respecting human
manusia, tenaga kerja, hubungan ketenagakerjaan, serta           rights, labor rights, employment relations, and fair recruitment
proses rekrutmen dan retensi karyawan sebagai prioritas          and employee retention practices as fundamental elements
dalam pengelolaan sumber daya manusia yang profesional           of professional and ethical human capital management. This
dan berintegritas. Komitmen ini menjadi landasan dalam           commitment serves as the foundation for fostering a fair,
menciptakan lingkungan kerja yang adil, inklusif, dan kondusif   inclusive, and supportive working environment for all Hexindo
bagi seluruh karyawan Hexindo.                                   employees.




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Page 272
 Ikhtisar 2025 | 2025 Highlights                                                Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                          Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                            Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




                                     LET'S WORK TOGETHER WITH
                    KENKIJIN SPIRIT & ONE HEXINDO                                                          ONE HEXINDO
                    PEOPLE OF HITACHI CONSTRUCTION MACHINERY                                       YOUR NEIGHBOR IS YOUR CUSTOMER



                                  CHALLENGE                                             INTERNAL
                         01 Take up challenges without fear of failure
                                  to become better solutions professionals.                        Proactive

                                                                                                   Support Each Other
                                  CUSTOMER
                         02 Think about what customers truly want.                                 Problem Solving

                                                                                                   Responsive to other Unit Request


                                 COMMUNICATION                                         EKSTERNAL
                         03 Act with a belief in teamwork.
                                                                                                   Responsive Customer Inquiries

                                                                                                   Positive Attitude and Behaviour

                                                                                                   Innovative

                                                                                                   Professional




Komitmen terhadap Prinsip-Prinsip Hak Asasi                                     Commitment to Human Rights Principles
Manusia [2-23]
Perseroan berkomitmen untuk menghormati dan melindungi                          The Company is committed to respecting and protecting human
hak asasi manusia dalam setiap aspek operasionalnya.                            rights across all aspects of its operations. This commitment is
Komitmen ini diwujudkan melalui pengintegrasian nilai-                          reflected through the integration of universal human rights
nilai universal ke dalam Peraturan Perusahaan dan PKB, yang                     principles into the Company's Regulations and the Collective
mencakup:                                                                       Labor Agreement (CLA), which encompass:
1.   Sistem remunerasi yang adil dan transparan;                                1.     A fair and transparent remuneration system;
2.   Penghormatan terhadap kebebasan berserikat;                                2.     Respect for freedom of association;
3.   Pelarangan segala bentuk diskriminasi; serta                               3.     The prohibition of all forms of discrimination; and
4.   Penyediaan program pengembangan dan peningkatan                            4.     The provision of employee development and competency
     kompetensi karyawan.                                                              enhancement programs.


Untuk memastikan pemahaman yang menyeluruh atas                                 To ensure a comprehensive understanding of these policies,
kebijakan ini, Perseroan secara konsisten melakukan sosialisasi                 the Company consistently communicates the Company's
Peraturan Perusahaan dan PKB kepada seluruh karyawan,                           Regulations and the Collective Labor Agreement (CLA) to
termasuk melalui program orientasi karyawan baru (induction                     all employees, including through its new employee induction
program).                                                                       program.




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Nondiskriminasi dan Pencegahan Pelecehan Seksual                Non-Discrimination and Prevention of Sexual
[406-1]                                                         Harassment
Perseroan berkomitmen untuk menciptakan lingkungan kerja        The Company is committed to fostering a workplace that is
yang bebas dari diskriminasi dan pelecehan dalam bentuk         free from discrimination and harassment in any form. Every
apa pun. Setiap individu dihargai dan diperlakukan secara       individual is respected and treated fairly regardless of gender,
adil tanpa membedakan jenis kelamin, usia, ras, agama,          age, race, religion, belief, cultural background, or physical
kepercayaan, latar belakang budaya, atau kondisi fisik.         condition.


Perseroan juga memiliki kebijakan yang tegas dalam mencegah     The Company also maintains a firm policy to prevent and
dan menindak segala bentuk pelecehan seksual di tempat kerja.   address all forms of sexual harassment in the workplace.
Setiap tindakan atau perilaku yang mengarah pada pelecehan,     Any conduct or behavior constituting verbal or non-verbal
baik secara verbal maupun non-verbal, tidak dapat diterima      harassment is strictly prohibited and will be subject to sanctions
dan akan dikenai sanksi sesuai ketentuan yang berlaku.          in accordance with applicable regulations. Preventing sexual
Pencegahan terhadap pelecehan seksual merupakan bagian          harassment is an integral part of the Company's commitment
penting dari upaya menciptakan tempat kerja yang aman,          to maintaining a safe, respectful, and professional working
bermartabat, dan profesional.                                   environment.


Sebagai bagian dari implementasi Pedoman Perilaku,              As part of the implementation of the Company's Code of
Perseroan menghormati hak privasi setiap karyawan, menjaga      Conduct, the Company respects every employee's right to
kerahasiaan data pribadi, serta menyediakan sarana pelaporan    privacy, safeguards the confidentiality of personal data, and
yang aman dan responsif untuk setiap kasus pelanggaran yang     provides secure and responsive reporting channels for any
terjadi. Seluruh elemen organisasi didorong untuk membangun     violations that may occur. All members of the organization
budaya kerja yang sehat, saling menghormati, dan berorientasi   are encouraged to foster a healthy workplace culture based on
pada kesejahteraan bersama.                                     mutual respect, professionalism, and shared well-being.


Sepanjang tahun buku 2025, tidak terdapat kasus diskriminasi    Throughout the 2025 financial year, the Company recorded no
yang terjadi di lingkungan Perseroan.                           cases of discrimination within its operations.


Tenaga Kerja                                                    Workforce
Perseroan mengelompokkan tenaga kerja ke dalam 2 (dua)          The Company classifies its workforce into two categories:
kategori, yaitu karyawan yang dipekerjakan langsung oleh        employees directly employed by the Company and outsourced
Perusahaan dan tenaga kerja outsourcing yang berasal dari       personnel engaged through third-party service providers.
pihak ketiga. Pada akhir tahun buku 2025, total tenaga kerja    As of the end of the 2025 financial year, the Company's total
Perseroan tercatat sebanyak 2.489 orang, terdiri atas 1.979     workforce amounted to 2,489 personnel, comprising 1.979
karyawan dan 510 tenaga kerja outsourcing. Adapun jumlah        permanent employees and 510 outsourced workers. The
tenaga kerja Perseroan dalam 3 (tiga) tahun terakhir adalah     composition of the Company's workforce over the past three
sebagai berikut:                                                financial years is presented as follows:




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 Ikhtisar 2025 | 2025 Highlights                                                        Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                  Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                    Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Komposisi Tenaga Kerja
Workers Composition

20,49%                                                      20,84%                                                      20,83%




                 FY2025                          79,51%                       FY2024                       79,16%                       FY2023                     79,17%




                   2.489                                                       2.462                                                      2.439
           Tenaga Kerja | Workers                                     Tenaga Kerja | Workers                                      Tenaga Kerja | Workers


    Karyawan            Pekerja Outsourcing |
    Employees           Outsourced Workers


Dari total 1.979 karyawan yang dipekerjakan oleh Perseroan                              From the Company's total workforce of 1,979 employees at the
pada akhir tahun buku 2025, sebanyak 92,07% merupakan                                   end of fiscal year 2025, 92.07% were male employees, while
karyawan pria, sedangkan 7,93% merupakan karyawan wanita.                               7.93% were female employees. This workforce composition
Hal ini sejalan dengan sifat industri alat berat yang menuntut                          reflects the nature of the heavy equipment industry, which
keahlian fisik dan teknis, yang umumnya lebih diminati oleh                             requires specialized physical and technical competencies that
pria. Meski demikian, Perseroan tetap berkomitmen untuk                                 have traditionally attracted a predominantly male workforce.
menciptakan lingkungan kerja yang inklusif dan mendorong                                Nevertheless, the Company remains committed to fostering
kesetaraan peluang bagi seluruh karyawan. Keberagaman                                   an inclusive workplace and providing equal employment
tersebut tercermin dalam komposisi karyawan Perseroan                                   opportunities for all employees. The diversity of the Company's
selama 3 (tiga) tahun buku terakhir, sebagaimana berikut:                               workforce over the past three financial years is presented as
                                                                                        follows:
Demografi Karyawan [2-7, 405-1] [C.3]
Employee Demographic
                                      FY2025                                   FY2024                                     FY2023
        Uraian            Pria        Wanita         Jumlah           Pria     Wanita        Jumlah           Pria        Wanita        Jumlah        Description
                          Male         Female         Total           Male     Female          Total          Male        Female         Total
 Wilayah Kerja                                                                                                                                             Work Area
 Kantor Pusat                240                60         300         243         61              304          228             55         283             Head Office
 Wilayah Barat               311                35         346         280         28              308          280             27         307              West Area
 Wilayah Timur               293                28         321         296         31              327          288             33         321               East Area
 Proyek
                             978                34        1.012        975         35            1.010          985             35        1.020        Mining Project
 Pertambangan
 Kelompok Usia                                                                                                                                             Age Group
 > 50 Tahun                  105                12         117         110          9              119          115              7         122              > 50 Years
 41-50 Tahun                 372                40         412         370         37              407          339             33         372         41-50 Years Old
 31-40 Tahun                 694                68         762         623         70              693          560             70         630         31-40 Years Old
 21-30 Tahun                 541                37         578         587         39              626          673             40         713         21-30 Years Old
 ≤ 20 Tahun                  110                 0         110         104          0              104           94              0           94         ≤ 20 Years Old
 Tingkat Jabatan                                                                                                                                        Position Level
 Direksi                        5                0           5           6          0                  6            6            0            6     Board of Directors
 Kepala Divisi                21                 1          22          20          1               21           20              1           21         Division Head
 Kepala
                              92                 7          99         102          7              109           99              7         106      Department Head
 Departemen
 Kepala Seksi                176                33         209         180         32              213          169             31         200           Section Head
 Kepala Unit                 131                 1         132         132          1              133          129              1         130              Unit Head
 Staf                      1.397           115            1.512       1.353       114            1.467        1.358           110         1.468                   Staff




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                                      FY2025                          FY2024                               FY2023
      Uraian              Pria       Wanita        Jumlah    Pria     Wanita         Jumlah       Pria    Wanita     Jumlah          Description
                          Male        Female        Total    Male     Female          Total       Male     Female      Total
 Status Ketenagakerjaan                                                                                                           Employment Status
                                                                                                                                           Permanent
 Karyawan Tetap            1.748             151     1.899    1.729        149          1.878     1.715       149       1.864
                                                                                                                                            Employee
 Karyawan Tidak                                                                                                                              Contract
                              74               6       80       65           6            71        66          1          67
 Tetap                                                                                                                                      Employee
 Tingkat Pendidikan                                                                                                                  Education Level
 S2                            8               4       12        6           4            10         6          4          10            Postgraduate
 S1                          405             104      509      409         100           509       403         92         495                Bachelor
 D3                          190              34      224      188          36           224       188         38         226               Diploma 3
 D2                           15               1       16       15           1            16        16          1          17               Diploma 2
 D1                            9               5       14        9           5            14        10          5          15               Diploma 1
                                                                                                                                         Senior High
 SMA/Sederajat             1.193               9     1.202    1.165          9          1.174     1.155        10       1.165
                                                                                                                                    School Equivalent
                                                                                                                                          Junior High
 SMP                           2               0        2        2           0                2      3          0           3
                                                                                                                                               School
 Jumlah                   1.822              157    1.979    1.794         155         1.949      1.781       150       1.931                    Total


Selain itu, Perseroan juga mempekerjakan tenaga kerja                            In addition to its directly employed workforce, the Company
outsourcing melalui perusahaan penyedia jasa tenaga kerja.                       also engages outsourced personnel through third-party
Hubungan kontrak mereka diatur antara pekerja dengan                             workforce service providers. The employment relationship is
penyedia jasa, sementara Perseroan berperan sebagai pengguna                     established between the outsourced workers and their respective
jasa yang menentukan standar operasional dan pengawasan                          service providers, while the Company acts as the service user
kinerja.     Seluruh       aspek      administrasi      ketenagakerjaan,         responsible for defining operational standards and supervising
termasuk pengupahan dan jaminan sosial, menjadi tanggung                         work performance. All employment administration matters,
jawab penyedia jasa sesuai dengan ketentuan dan peraturan                        including remuneration and social security benefits, remain
perundang-undangan yang berlaku.                                                 the responsibility of the service providers in accordance with
                                                                                 applicable laws and regulations.


Tenaga kerja ini berperan dalam mendukung operasional dan                        These outsourced personnel support the Company's operational
administrasi Perusahaan, mencakup posisi seperti Security                        and administrative activities across various functions, including
Officers, Office Boys/Girls, Drivers, Receptionists, Gardeners,                  Security Officers, Office Boys/Girls, Drivers, Receptionists,
General Support personnel, Crane Operators, Helper Technicians,                  Gardeners, General Support personnel, Crane Operators,
Radio Operators, Welders, Warehouse Helpers, Administrative                      Helper Technicians, Radio Operators, Welders, Warehouse
Staff, Building Maintenance personnel, Mess Keepers, dan                         Helpers, Administrative Staff, Building Maintenance personnel,
General Administration personnel.                                                Mess Keepers, and General Administration personnel.


Pada akhir tahun buku 2025, jumlah tenaga kerja outsourcing                      At the end of fiscal year 2025, the Company employed 510
Perseroan tercatat sebanyak 510 orang, menurun sebesar                           outsourced workers, representing a 0.58% decrease compared
0,58% dibandingkan dengan tahun buku 2024 yang berjumlah                         to 513 outsourced workers in fiscal year 2024. The decrease
513 orang. Penurunan tersebut mencerminkan penyesuaian                           reflects adjustments to the Company's outsourced workforce
kebutuhan tenaga kerja outsourcing sesuai dengan kebutuhan                       requirements in line with its operational needs during the
operasional Perseroan selama periode pelaporan. Adapun                           reporting period. The number of outsourced personnel over
jumlah pekerja outsourcing Perseroan dalam 3 (tiga) tahun                        the past three financial years is presented as follows:
buku terakhir adalah sebagai berikut:




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 Ikhtisar 2025 | 2025 Highlights                                                  Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                            Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                              Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Pekerja Outsourcing
Outsourced Workers
             Uraian                           FY2025                         FY2024                          FY2023                        Description
 Jumlah Pekerja Outsourcing                               510                         513                                 508         Total Outsourced Workers


Tenaga Kerja Anak dan Tenaga Kerja Paksa [F.19]                                   Child Labor and Forced Labor
[408-1, 409-1]

Perseroan berkomitmen untuk menghormati HAM dan                                   The Company is committed to respecting human rights and
memastikan praktik ketenagakerjaan yang etis di seluruh                           ensuring ethical labor practices throughout its business
aktivitas bisnis dan rantai pasok. Untuk itu, Perseroan secara                    operations and supply chain. Accordingly, the Company
tegas melarang keberadaan tenaga kerja anak dan kerja paksa.                      strictly prohibits the use of child labor and any form of forced
Rekrutmen karyawan dilakukan dengan mematuhi batas                                labor. Employee recruitment is conducted in compliance with
usia minimum 18 tahun, sesuai dengan ketentuan peraturan                          the minimum employment age of 18 years, in accordance with
perundang-undangan yang berlaku.                                                  applicable laws and regulations.


Perseroan         juga   memastikan           bahwa       hubungan        kerja   The Company also ensures that all employment relationships
dijalankan atas dasar kesepakatan sukarela tanpa paksaan,                         are established on the basis of voluntary agreement, free from
intimidasi, ancaman, tekanan, atau penipuan dalam bentuk                          coercion, intimidation, threats, undue pressure, or deception
apa pun. Seluruh bentuk kerja paksa ditolak dalam praktik                         of any kind. All forms of forced or compulsory labor are strictly
ketenagakerjaan Perseroan. Dalam mendukung prinsip ini,                           prohibited within the Company's employment practices. To
Perusahaan secara aktif memantau dan mengevaluasi proses                          uphold this commitment, the Company continuously monitors
ketenagakerjaan, serta mendorong seluruh mitra kerja untuk                        and evaluates its employment practices while encouraging all
menerapkan prinsip serupa di lingkungan kerjanya.                                 business partners to implement the same principles within
                                                                                  their respective organizations.


Kebijakan ini selaras dengan komitmen dalam Pedoman                               This policy is aligned with the Company's Code of Conduct,
Perilaku Perseroan untuk menciptakan lingkungan kerja                             which is designed to foster a safe, comfortable, and respectful
yang nyaman, aman, dan menjunjung tinggi integritas serta                         working environment while upholding integrity and protecting
perlindungan terhadap martabat individu. Sepanjang tahun                          the dignity of every individual. Throughout the 2025 financial
buku 2025, Perseroan tidak memiliki operasi dan pemasok                           year, the Company had no operations or suppliers identified as
yang berisiko signifikan baik dari segi jenis operasi maupun                      having significant risks related to forced or compulsory labor,
wilayah geografis terhadap insiden kerja paksa atau wajib kerja                   child labor, or young workers engaged in hazardous work,
serta insiden pekerja anak atau pekerja muda yang terpapar                        either by the nature of their operations or their geographical
pekerjaan berbahaya.                                                              location.


Hubungan Ketenagakerjaan [2-30, 407-1]                                            Industrial Relations
Hexindo          berkomitmen        untuk       membangun             hubungan    Hexindo is committed to fostering fair, inclusive, and
ketenagakerjaan yang adil, inklusif, dan harmonis, dengan                         harmonious industrial relations by upholding the principles
menjunjung tinggi prinsip kesetaraan tanpa diskriminasi                           of equality without discrimination based on ethnicity, race,
berdasarkan suku, ras, agama, maupun gender. Komitmen ini                         religion, or gender. This commitment is reflected through
diwujudkan melalui berbagai kebijakan dan langkah konkret,                        various policies and practical initiatives, including the provision
salah satunya dengan menyediakan sarana dan prasarana                             of employee support facilities and programs such as sports
pendukung, seperti kegiatan olahraga, keagamaan, hingga                           activities, religious events, and employee gatherings designed
employee gathering yang bertujuan mempererat ikatan antara                        to strengthen engagement and foster closer relationships
karyawan dan Perusahaan.                                                          between employees and the Company.




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                     Perjanjian Kerja Bersama (PKB)
                     Collective Labor Agreement (CLA)
                     Manajemen bersama perwakilan karyawan secara berkala meninjau dan memperbarui PKB sebagai bentuk komitmen untuk
                     menjaga keselarasan hubungan industrial serta menjamin hak dan kewajiban kedua belah pihak. PKB yang telah disusun dan
                     disahkan berlaku mengikat serta memberikan perlindungan langsung bagi seluruh karyawan. Pada Oktober 2023, manajemen dan
                     Serikat Pekerja menyepakati pembaruan PKB untuk periode 2023-2025, yang mulai berlaku efektif pada 1 Oktober 2023 hingga 30
                     September 2025.

                     The management, together with employee representatives, regularly reviews and updates the CLA as a form of commitment to maintaining
                     harmonious industrial relations and ensuring the rights and obligations of both parties. The finalized and ratified CLA is binding and provides
                     direct protection for all employees. In October 2023, the management and the Labor Union agreed on an updated CLA for the 2023–2025
                     period, which became effective on October 1, 2023, and will remain in effect until September 30, 2025.




Selain itu, Hexindo senantiasa menghormati dan mendukung                               Furthermore, Hexindo fully respects and supports the right
hak seluruh karyawan untuk membentuk serta menjadi                                     of all employees to establish and become members of a Labor
anggota Serikat Pekerja (SP) sebagai bagian dari perlindungan                          Union (LU) as part of the protection of employees' labor
hak-hak ketenagakerjaan. Dalam hal ini, SP Hexindo yang                                rights. Established on 17 November 2003, the Hexindo Labor
didirikan pada 17 November 2003 berperan aktif sebagai                                 Union has played an active role as the representative body for
wadah representatif bagi karyawan. SP Hexindo menganut                                 employees. The Union adopts an active membership system
sistem keanggotaan aktif yang mendorong partisipasi                                    that encourages constructive participation in fostering sound
konstruktif dalam menciptakan hubungan industrial yang                                 and sustainable industrial relations.
sehat dan berkelanjutan.


Sebagai bentuk sinergi antara manajemen dan karyawan,                                  As part of the Company's commitment to maintaining
koordinasi secara rutin dilakukan dalam rangka pembaruan                               constructive        collaboration        between        management              and
Perjanjian Kerja Bersama (PKB), guna memastikan seluruh                                employees, regular coordination is conducted in connection
kebijakan ketenagakerjaan senantiasa relevan dan selaras                               with the renewal of the Collective Labor Agreement (CLA).
dengan      perkembangan           kebutuhan        serta     dinamika        di       This process ensures that the Company's employment policies
lingkungan kerja.                                                                      remain relevant and aligned with evolving business needs and
                                                                                       workplace dynamics.


Sebagai bentuk dukungan terhadap kegiatan Serikat Pekerja,                             To support the activities of the Labor Union, the Company
Perseroan memberikan berbagai bentuk dukungan, antara lain:                            provides various forms of assistance, including:
•     Menyediakan fasilitas kantor sekretariat;                                        •     Providing office facilities for the Union's secretariat;
•     Membantu pemotongan iuran serikat pekerja melalui                                •     Facilitating the deduction of union membership dues
      sistem payroll sesuai dengan Anggaran Dasar, yang                                      through the payroll system in accordance with the Union's
      kemudian disetorkan langsung ke rekening serikat                                       Articles of Association, with the collected contributions
      pekerja; dan                                                                           remitted directly to the Union's bank account; and
•     Memfasilitasi kebutuhan ruang pertemuan organisasi                               •     Providing meeting facilities for Union activities, provided
      selama tidak mengganggu kegiatan operasional.                                          that such activities do not disrupt the Company's
                                                                                             operational activities.


Hingga akhir tahun buku 2025, Perseroan memiliki Serikat                               As of the end of the 2025 financial year, the Company maintained
Pekerja (SP) yang secara aktif berperan dalam menjaga                                  an active Labor Union that plays an important role in fostering
keharmonisan hubungan industrial antara manajemen dan                                  harmonious industrial relations between management and
karyawan. Melalui Perjanjian Kerja Bersama (PKB), Serikat                              employees. Through the Collective Labor Agreement (CLA),
Pekerja menjadi wadah aspirasi mayoritas karyawan dalam                                the Labor Union serves as the primary channel for representing
membangun hubungan industrial yang sehat dan produktif.                                the aspirations of the majority of employees in promoting
Adapun proporsi karyawan yang merupakan anggota SP dalam                               healthy and productive industrial relations. The proportion of
3 (tiga) tahun buku terakhir adalah sebagai berikut:                                   employees who were members of the Labor Union over the past
                                                                                       three financial years is presented as follows:


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 Ikhtisar 2025 | 2025 Highlights                                                       Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                 Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                   Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Anggota Serikat Pekerja [2-30]
Member of the Labor Union
                                                   Satuan
                  Uraian                                              FY2025         FY2024              FY2023                             Description
                                                     Unit
                                                    Orang
 Jumlah Anggota Serikat Pekerja                                          1.493           1.465                    1.796                Number of Labor Union Members
                                                   Persons
                                                    Orang
 Jumlah Anggota Serikat Buruh                                              211             203                        0                Number of Labor Union Members
                                                   Persons
                                                    Orang
 Jumlah Seluruh Karyawan                                                 1.979           1.949                    1.931                     Total Number of Employees
                                                   Persons
 Proporsi Karyawan yang Tercakup
                                                                                                                               Proportion of Employees Covered by
 dalam Serikat Pekerja dan Serikat                    %                   86,1             85,6                    93,0
                                                                                                                                the Worker Union and Labor Union
 Buruh


Pada akhir tahun buku 2025, jumlah anggota Serikat Buruh                               At the end of fiscal year 2025, the number of Labor Union
tercatat sebanyak 211 orang. Secara keseluruhan, jumlah                                members stood at 211. Overall, a total of 1,704 employees
karyawan yang tergabung dalam Serikat Pekerja dan Serikat                              were members of the Employees' Union and Labor Union,
Buruh mencapai 1.704 orang, atau setara dengan 86,1% dari                              representing 86.1% of the Company's total workforce.
total karyawan Perseroan.


Adapun bagi karyawan yang belum tercakup dalam Perjanjian                              For employees who are not covered by the Collective Labor
Kerja Bersama (PKB), hak dan kewajiban mereka tetap dijamin                            Agreement (CLA), their rights and obligations remain
melalui kontrak kerja individu yang merujuk pada ketentuan                             protected        through        individual         employment       agreements
UU No. 13 Tahun 2003 tentang Ketenagakerjaan serta UU                                  prepared in accordance with Law No. 13 of 2003 on Manpower
No. 11 Tahun 2020 tentang Cipta Kerja. Keberadaan Serikat                              and Law No. 11 of 2020 on Job Creation. The role of the Labor
Pekerja tidak hanya tercermin dalam cakupan PKB, tetapi                                Union extends beyond the implementation of the Collective
juga dalam peran aktifnya melalui forum komunikasi bersama                             Labor Agreement, as it also actively represents employees
dengan manajemen, salah satunya melalui Forum Bipartit.                                through formal communication forums with management,
                                                                                       including the Bipartite Forum.



                     Forum Bipartit
                     Bipartite Forum
                     Untuk memperkuat komunikasi dua arah dan mendorong terciptanya hubungan industrial yang harmonis dan partisipatif,
                     manajemen dan perwakilan karyawan membentuk Forum Komunikasi Pekerja (FKP), yaitu forum bipartit yang beranggotakan
                     wakil dari manajemen dan serikat pekerja. Forum ini menjadi wadah resmi untuk membahas berbagai isu ketenagakerjaan
                     secara berkala dan kolektif. FKP dijalankan dengan prinsip kesetaraan, keterbukaan, dan tanggung jawab, serta bertujuan untuk
                     mendukung terciptanya hubungan kerja yang harmonis, pencegahan konflik (zero conflict), peningkatan produktivitas, efisiensi
                     operasional, dan pengurangan kecelakaan kerja (zero accident). Pertemuan FKP diselenggarakan secara berkala, minimal setiap tiga
                     bulan, dan hasil-hasilnya menjadi acuan bersama dalam menjaga iklim ketenagakerjaan yang kondusif.

                     To strengthen two-way communication and foster the development of a harmonious and participative industrial relationship, the management
                     and employee representatives have established the Workers Communication Forum (Forum Komunikasi Pekerja/ FKP), a bipartite forum
                     consisting of representatives from both management and the labor union. This forum serves as the official platform for regularly and
                     collectively discussing various labor-related issues. The FKP operates on the principles of equality, transparency, and accountability, and aims
                     to support the creation of a harmonious working relationship, the prevention of conflicts (zero conflict), the improvement of productivity,
                     operational efficiency, and the reduction of workplace accidents (zero accident). FKP meetings are held regularly, at a minimum once every
                     three months, and the outcomes serve as a shared reference in maintaining a conducive labor climate.



Sepanjang tahun buku 2025, Perseroan telah menyelenggarakan                            Throughout the 2025 financial year, the Company conducted
6 (enam) kali perundingan bipartit bersama perwakilan                                  6 (six) bipartite negotiation meetings with employee
pekerja untuk membahas berbagai isu ketenagakerjaan secara                             representatives to discuss various employment-related matters
terbuka dan konstruktif. Seluruh hasil perundingan tersebut                            in an open and constructive manner. The outcomes of these
dilaporkan kepada Dinas Ketenagakerjaan Jakarta Timur                                  negotiations were reported to the East Jakarta Manpower
sebagai bentuk kepatuhan terhadap peraturan perundang-                                 Office as part of the Company's compliance with applicable
undangan yang berlaku.                                                                 labor regulations.




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                                                                                                                                          03

Mekanisme Penanganan Masalah Ketenagakerjaan                               Employment Dispute Resolution Mechanism
[2-25, 2-26]

Dalam          penyelesaian     perselisihan    hubungan     industrial,   In resolving industrial relations disputes, the Company
Perseroan mengedepankan mekanisme bipartit sebagai                         prioritizes a bipartite consultation mechanism as the initial
langkah awal penyelesaian secara musyawarah antara                         stage of settlement through deliberation between management
manajemen dan perwakilan karyawan. Secara khusus,                          and employee representatives. Specifically, in the event
apabila terjadi pemutusan hubungan kerja (PHK), Perseroan                  of employment termination, the Company first engages
terlebih dahulu melakukan perundingan langsung dengan                      in direct negotiations with the affected employee or their
karyawan yang bersangkutan atau dengan perwakilannya                       representative to reach a mutual agreement. If no agreement
untuk mencapai kesepakatan bersama. Apabila kesepakatan                    can be achieved, the dispute will proceed through the tripartite
tidak tercapai, maka penyelesaian akan dilanjutkan melalui                 dispute resolution mechanism in accordance with prevailing
mekanisme tripartit sesuai ketentuan peraturan perundang-                  laws and regulations. This dispute resolution process is also
undangan yang berlaku. Mekanisme penyelesaian tersebut                     stipulated under Article 68 of the Collective Labor Agreement
juga telah diatur dalam PKB Pasal 68 tentang “Penyelesaian                 (CLA) concerning the "Settlement of Differences of Opinion."
Perbedaan Pendapat”. Selama proses berlangsung, para pihak                 Throughout the process, all parties are required to continue
tetap diwajibkan menjalankan tugas dan tanggung jawabnya                   fulfilling their respective duties and responsibilities while
serta menjaga suasana kerja yang kondusif.                                 maintaining a conducive working environment.


Selain         itu, Hexindo terus berkomitmen menciptakan                  Furthermore, Hexindo remains committed to fostering a fair,
lingkungan kerja yang adil, setara, dan inklusif dengan                    equitable, and inclusive workplace by consistently applying
menerapkan prinsip nondiskriminatif terhadap suku, ras,                    non-discriminatory principles regardless of ethnicity, race,
agama, maupun gender. Perusahaan juga menyediakan                          religion, or gender. The Company also provides facilities and
sarana dan prasarana yang memungkinkan karyawan untuk                      programs that enable employees to participate in activities
menjalankan aktivitas di luar pekerjaan, seperti kegiatan                  beyond their daily work responsibilities, including sports
olahraga, keagamaan, serta employee/family gathering,                      activities, religious events, and employee and family gatherings,
guna       memperkuat         hubungan       antarkaryawan    sekaligus    with the aim of strengthening employee relationships while
meningkatkan kualitas hidup mereka secara menyeluruh.                      enhancing their overall well-being.


Melalui berbagai upaya tersebut, tidak terdapat operasi                    Through these initiatives, throughout the 2025 financial
maupun pemasok Perseroan yang berisiko melanggar hak                       year the Company identified no operations or suppliers with
kebebasan berserikat dan perundingan kolektif di sepanjang                 significant risks related to violations of the rights to freedom of
tahun buku 2025.                                                           association or collective bargaining.


Rekrutmen dan Retensi Karyawan [3-3, 401-1]                                Employee Recruitment and Retention
Sejalan dengan pertumbuhan dan perkembangan bisnis,                        In line with its business growth and development, Hexindo
Hexindo terus mengelola proses rekrutmen secara sistematis                 continues to manage its recruitment process systematically
untuk memastikan terpenuhinya kebutuhan tenaga kerja yang                  to ensure that workforce requirements are fulfilled with
sesuai dengan standar kualifikasi. Perusahaan menerapkan                   candidates who meet the Company's qualification standards.
sistem rekrutmen terbuka, memberikan kesempatan bagi                       The Company adopts an open recruitment system, providing
individu dari berbagai latar belakang untuk bergabung. Proses              equal opportunities for individuals from diverse backgrounds
rekrutmen dilakukan secara bertahap, dimulai dari seleksi awal,            to join the organization. The recruitment process is conducted
wawancara, tes kesehatan, hingga penempatan kerja. Divisi                  through several stages, including initial screening, interviews,
HC secara rutin menginventarisasi kebutuhan karyawan, baik                 medical examinations, and employee placement. The Human
umum maupun teknis, berdasarkan permintaan dari masing-                    Capital (HC) Division regularly assesses staffing requirements,
masing divisi.                                                             covering both general and technical positions, based on
                                                                           requests submitted by each business unit.




2025 Annual Report & Sustainability Report                             279                                             PT Hexindo Adiperkasa Tbk

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 Ikhtisar 2025 | 2025 Highlights                                           Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                     Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                       Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Selain membuka kesempatan bagi kandidat eksternal,                         In addition to recruiting external candidates, the Company
perusahaan juga menjalankan rekrutmen internal sebagai                     also implements internal recruitment as part of its talent
bagian dari strategi manajemen talenta dan pengembangan                    management strategy and employee competency development
kompetensi karyawan yang sudah ada. Untuk menjaring                        program. To attract experienced professionals from outside
tenaga profesional berpengalaman dari luar perusahaan,                     the organization, the HC Division collaborates with online
Divisi HC bekerja sama dengan penyedia layanan online                      recruitment service providers. Furthermore, Hexindo has
recruitment. Di samping itu, Hexindo juga menjalin kemitraan               established partnerships with several vocational high schools
dengan sejumlah Sekolah Menengah Kejuruan (SMK) di                         (SMKs) across Java and Kalimantan to conduct direct
pulau Jawa dan Kalimantan untuk melaksanakan rekrutmen                     recruitment programs. Candidates who successfully complete
langsung. Siswa yang lolos seleksi akan mengikuti program                  the selection process participate in a six-month Basic Technical
Basic Technical Skill selama 6 (enam) bulan, yang terdiri dari             Skill Program, consisting of three months of classroom training
pelatihan di kelas dan pelatihan langsung di tempat kerja,                 followed by three months of on-the-job training.
masing-masing selama 3 (tiga) bulan.


Sepanjang tahun buku 2025, Perseroan merekrut 100 karyawan                 Throughout the 2025 financial year, the Company recruited
baru, sedikit lebih rendah dibandingkan 103 karyawan pada                  100 new employees, slightly lower than the 103 employees
tahun buku sebelumnya. Penurunan ini mencerminkan                          recruited in the previous financial year. This decrease reflects
penyesuaian kebutuhan rekrutmen seiring meningkatnya                       adjustments to recruitment needs in line with improved
produktivitas serta terjaganya stabilitas sumber daya manusia.             productivity and a stable workforce. The Company continues
Perseroan tetap menerapkan proses rekrutmen yang selektif                  to implement a selective recruitment process to ensure
untuk memastikan pemenuhan kebutuhan talenta yang                          the acquisition of competent talent aligned with business
kompeten sesuai dengan perkembangan bisnis dan kebutuhan                   developments and operational requirements. The details of
operasional. Adapun rincian rekrutmen karyawan Hexindo                     Hexindo’s employee recruitment over the past three financial
dalam 3 (tiga) tahun buku terakhir adalah sebagai berikut:                 years are presented in the following table.


Rekrutmen Karyawan
Employee Recruitment
                  Uraian                             FY2025           FY2024                 FY2023                           Description
 Jenis Kelamin                                                                                                                                    Gender
 Pria                                                       96            94                        176                                              Male
 Wanita                                                      4             9                          7                                            Female
 Kelompok Usia                                                                                                                                Age Group
 > 35 Tahun                                                  5            49                         71                                    > 35 Years Old
 31-35 Tahun                                                 4            32                         59                                   31-35 Years Old
 26-30 Tahun                                                 9            10                         30                                   26-30 Years Old
 21-25 Tahun                                                22             6                         10                                   21-25 Years Old
 17-20 Tahun                                                60             6                         13                                   17-20 Years Old
 Wilayah Kerja                                                                                                                                Work Area
 Kantor Pusat                                                6            20                         22                                       Head Office
 Wilayah Barat                                              22            22                         43                                         West Area
 Wilayah Timur                                              22            22                         34                                         East Area
 Proyek Pertambangan                                        50            39                         84                                    Mining Project
 Jumlah                                                   100            103                       183                                               Total


Di sisi lain, jumlah karyawan yang keluar sepanjang tahun                  On the other hand, the number of employees leaving
buku 2025 mencapai 70 orang, menurun 17,6% dari tahun                      the Company during the 2025 financial year reached 70,
sebelumnya yang berjumlah 85 orang. Kenaikan ini terutama                  representing a decrease of 17.6% compared with 85 employees
disebabkan oleh banyaknya karyawan yang memasuki usia                      in the previous year. This increase was primarily attributable to
pensiun selama tahun buku berjalan. Berikut adalah rincian                 the higher number of employees reaching retirement age during
perputaran karyawan Hexindo dalam 3 (tiga) tahun buku                      the reporting year. Details of Hexindo's employee turnover over
terakhir:                                                                  the past three financial years are presented as follows:


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Karyawan Keluar [401-1]
Employee Resignation
             Uraian                          FY2025       FY2024                FY2023                    Description
 Jenis Kelamin                                                                                                              Gender
 Pria                                             68             81                     63                                    Male
 Wanita                                               2            4                    11                                  Female
 Kelompok Usia                                                                                                          Age Group
 > 35 Tahun                                       39             46                     42                           > 35 Years Old
 31-35 Tahun                                          8            8                    13                         31-35 Years Old
 26-30 Tahun                                      11             14                     12                         26-30 Years Old
 21-25 Tahun                                      11             13                      7                         21-25 Years Old
 17-20 Tahun                                          1            4                     0                         17-20 Years Old
 Wilayah Kerja                                                                                                          Work Area
 Kantor Pusat                                         9          16                     16                             Head Office
 Wilayah Barat                                    12               9                    13                               West Area
 Wilayah Timur                                    19             14                     14                                East Area
 Proyek Pertambangan                              30             46                     31                          Mining Project
 Jumlah                                           70             85                     74                                    Total


Adapun rincian alasan keluarnya karyawan Perseroan beserta     The breakdown of employee separations by reason, together
jumlahnya dalam 3 (tiga) tahun buku terakhir adalah sebagai    with the corresponding number of employees over the past
berikut:                                                       three financial years, is presented as follows:


Alasan Keluar Karyawan
Reason for Employee Resignation
             Uraian                          FY2025       FY2024                FY2023                    Description
 Permintaan Sendiri                               26             18                     22                  Voluntary Resignation

 Meninggal Dunia                                      4            1                     1                             Passed Away

 Menolak Mutasi                                       3            7                     2                       Refusal of Transfer

 Akhir Masa Percobaan                                 0            3                     1                End of Probation Period

 Pensiun                                          18             20                     18                              Retirement
                                                                                                            Committing a Serious
 Melakukan Kesalahan Berat                            5          18                     14
                                                                                                                    Misconduct

 Sakit Berkepanjangan                                 0            1                     1                        Prolonged Illness

 Akhir Masa Kontrak                               14             17                     15                 End of Contract Period

 Jumlah                                           70             85                     74                                    Total


Secara keseluruhan, tingkat perputaran karyawan pada           Overall, the employee turnover rate in fiscal year 2025 was 3.6%,
tahun buku 2025 mencapai 3,6%, menurun sebesar 0,8%            representing a decrease of 0.8% compared to 4.4% in fiscal year
dibandingkan dengan tahun buku 2024 yang tercatat sebesar      2024. The decrease was primarily attributable to retirements
4,4%. Penurunan tersebut terutama dipengaruhi oleh faktor      and adjustments to the Company's human resources structure,
pensiun dan penyesuaian struktur SDM yang berdampak pada       which affected employee inflow and outflow dynamics during
dinamika keluar-masuk karyawan selama periode pelaporan.       the reporting period. Details of Hexindo's employee turnover
Adapun adalah rincian perputaran karyawan Hexindo dalam 3      over the past three financial years are presented as follows:
(tiga) tahun buku terakhir adalah sebagai berikut:




2025 Annual Report & Sustainability Report                 281                                            PT Hexindo Adiperkasa Tbk

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 Ikhtisar 2025 | 2025 Highlights                                                 Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                           Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                             Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Perputaran Karyawan [401-1]
Employee Turnover
                     Uraian                             FY2025        FY2024             FY2023                                  Description
 Karyawan pada Awal Tahun Buku                               1.949       1.931                 1.822             Employees at the Beginning of the Fiscal Year
 Karyawan Baru                                                 100        103                    183                                            New Employees
 Karyawan Keluar                                                70         85                     74                                        Employees who Left
 Karyawan pada Akhir Tahun Buku                              1.979       1.949                 1.931                     Employees at the End of the Fiscal Year
 Tingkat Perputaran Karyawan (%)                               3,6         4,4                   3,9                               Employee Turnover Rate (%)


KEBERAGAMAN DAN KESETARAAN [405-1] [F.18]                                        DIVERSITY AND EQUAL OPPORTUNITY
Perseroan berkomitmen untuk menciptakan lingkungan                               The Company is committed to fostering an inclusive, fair, and
kerja yang inklusif, adil, dan bebas dari diskriminasi.                          discrimination-free workplace. In conducting its operations
Dalam menjalankan kegiatan operasional dan membangun                             and engaging with stakeholders, Hexindo upholds respect for
hubungan dengan para pemangku kepentingan, Hexindo                               human rights and embraces diversity as an integral part of
menjunjung tinggi penghormatan terhadap HAM serta                                its corporate culture. This commitment is reflected through
nilai-nilai keberagaman sebagai bagian integral dari budaya                      internal policies, the implementation of equitable human
kerja. Komitmen ini diwujudkan melalui kebijakan internal,                       capital management practices, and an open environment that
implementasi sistem manajemen SDM yang setara, serta                             encourages employee participation and feedback.
keterbukaan terhadap aspirasi karyawan.


Kesetaraan Kesempatan Bekerja [F.18]                                             Equal Employment Opportunity
Hexindo menjamin setiap individu memiliki kesempatan                             Hexindo ensures that every individual is provided with
yang setara untuk bekerja, berkembang, dan berkontribusi                         equal opportunities to work, develop, and contribute,
tanpa diskriminasi berdasarkan latar belakang pribadi apa                        without discrimination based on any personal background.
pun. Dalam seluruh proses rekrutmen, pengangkatan jabatan,                       Throughout             all       employment            processes—including
pelatihan, pengembangan karier, dan pemberian remunerasi,                        recruitment, appointments, training, career development, and
Perseroan tidak membedakan individu berdasarkan jenis                            remuneration—the Company does not differentiate individuals
kelamin, usia, ras, kebangsaan, agama, kepercayaan, atau                         based on gender, age, race, nationality, religion, beliefs, or
kondisi fisik.                                                                   physical condition.


Komitmen ini tertuang dalam Peraturan Perusahaan, PKB,                           This commitment is embedded in the Company's Regulations,
serta Pedoman Perilaku yang menjadi pedoman etika kerja                          the Collective Labor Agreement (CLA), and the Code of
di seluruh jenjang organisasi. Pasal 8 Ayat 7 PKB secara tegas                   Conduct, which serve as the ethical framework for employees
mengatur bahwa penerimaan karyawan dilakukan secara                              across all organizational levels. Article 8 Paragraph 7 of
adil dan bebas diskriminasi berdasarkan jenis kelamin, suku,                     the Collective Labor Agreement explicitly stipulates that
agama, dan ras.                                                                  employee recruitment shall be conducted fairly and without
                                                                                 discrimination based on gender, ethnicity, religion, or race.


Selain menjamin kesetaraan, Perseroan juga mendorong                             In addition to ensuring equal opportunity, the Company actively
partisipasi aktif seluruh karyawan dalam menyampaikan                            encourages all employees to contribute ideas, suggestions, and
ide, masukan, dan saran yang konstruktif untuk peningkatan                       constructive feedback to support continuous organizational
kinerja. Manajemen diharapkan turut mendorong kolaborasi                         improvement. Management is also expected to promote cross-
lintas departemen guna menciptakan budaya kerja yang                             functional collaboration to cultivate an inclusive, open, and
inklusif, terbuka, dan saling menghargai.                                        mutually respectful workplace culture.


Cerminan dari pelaksanaan prinsip kesetaraan ini dapat dilihat                   The implementation of these equal opportunity principles is
pada komposisi karyawan Perseroan berdasarkan tingkat                            reflected in the composition of the Company's workforce by
jabatan, jenis kelamin, dan kelompok usia dalam 3 (tiga) tahun                   job level, gender, and age group over the past three financial
buku terakhir, sebagai berikut:                                                  years, as presented below:




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Komposisi Karyawan berdasarkan Tingkat Jabatan, Jenis Kelamin, dan Kelompok Usia [405-1]
Employee Composition by Position Level, Gender, and Age Group
                                                                       Jenis Kelamin dan Kelompok Usia
                                                                                  Gender and Age Group
      Tingkat                                               Pria                                                         Wanita                       Grand
      Jabatan*                                              Male                                                          Female                                     %
                                                                                                                                                        Total
   Position Level*
                              18-         26-        36-        46-                  Jumlah           18-   26-     36-     46-          Jumlah
                                                                           >55                                                     >55
                              25          35         45         55                      Total         25    35      45      55            Total
 FY2025
 Executive-Level                  0          0          0          4          1                5       0        0    0        0     0         0              5       0,3
 Senior-Level                     0          6         50         51          6              113       0        1    2        4     1         8           121        6,1
 Mid-Level                        0        73        162          70          2              307       0        7   14       11     2        34           341       17,2
 Entry-Level                   358        640        296        102           1             1.397     11       54   40       10     0       115          1.512      76,4
 Jumlah
                              358         719        508        227         10          1.822         11    62      56       25     3       157         1.979      100,0
 Total
 FY2024
 Executive-Level                  0          0          0          4          2                6       0        0    0        0     0         0              6       0,3
 Senior-Level                     0          5         54         55          9              123       0        0    3        5     0         8           131        6,7
 Mid-Level                        0        80        163          68          1              312       0        9   11       12     1        33           345       17,7
 Entry-Level                   358        618        275        102           0             1.353      9       59   37        9     0       114          1.467      75,3
 Jumlah
                              358         703        492        229         12          1.794          9    68      51       26     1       155         1.949      100,0
 Total
 FY2023
 Executive-Level                  0          0          0          5          1                6       0        0    0        0     0         0              6       0,3
 Senior-Level                     0          4         50         55        10               119       0        2    1        5     0         8           127        6,6
 Mid-Level                        0          0         78       218           2              298       0       10   11       11     0        32           330       17,1
 Entry-Level                   355        643        267          93          0             1.358      7       62   34        7     0       110          1.468      76,0
 Jumlah
                              355         647        395        371         13          1.781          7    74      46       23     0       150         1.931      100,0
 Total
 *) Catatan | Note:
    Executive-level: Direksi | Board of Directors
    Senior-level: Kepala Departemen dan Kepala Divisi | Department Head and Division Head
    Mid-level: Kepala Unit dan Kepala Seksi | Unit Head and Section Head
    Entry-level: Staf | Staff




Keberagaman Karyawan [202-1, 405-1]                                                                 Workforce Diversity
Hexindo memandang bahwa keberagaman merupakan                                                       Hexindo believes that diversity is a strategic strength that
kekuatan yang memperkaya perspektif organisasi dan                                                  enriches organizational perspectives and enhances the
mendukung keunggulan kompetitif. Perseroan menghargai                                               Company's competitive advantage. The Company values
dan menerima perbedaan latar belakang budaya, suku, agama,                                          and embraces differences in cultural background, ethnicity,
jenis kelamin, dan kewarganegaraan sebagai bagian dari                                              religion, gender, and nationality as positive elements that
dinamika positif dalam lingkungan kerja.                                                            contribute to a dynamic and inclusive workplace.

Komitmen terhadap keberagaman juga tercermin dalam                                                  The Company's commitment to diversity is also reflected in the
komposisi kewarganegaraan karyawan, yang menunjukkan                                                nationality composition of its workforce, demonstrating the
keterlibatan tenaga kerja lokal dan asing dalam mendukung                                           contribution of both local and foreign employees in supporting
pertumbuhan bisnis Hexindo. Rincian komposisi karyawan                                              Hexindo's business growth. The composition of employees by
berdasarkan kewarganegaraan dalam 3 (tiga) tahun buku                                               nationality over the past three financial years is presented as
terakhir adalah sebagai berikut:                                                                    follows:




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 Laporan Manajemen | Management Report                                               Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                 Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Komposisi Karyawan berdasarkan Kewarganegaraan [405-1]
Employee Composition by Nationality
                   Uraian                                FY2025                   FY2024               FY2023                             Description
 Warga Negara Indonesia (Lokal)                                1.965                 1.936                    1.918                        Indonesian Citizen (Local)
 Warga Negara Asing                                                   14                13                        16                                 Foreign National
 Jumlah                                                        1.979                 1.949                    1.934                                               Total


Sebagai wujud komitmen terhadap keberagaman dan                                      As part of its commitment to diversity and the empowerment
pemberdayaan tenaga kerja lokal, Perseroan memastikan                                of the local workforce, the Company ensures the representation
keterwakilan karyawan lokal dalam jajaran manajemen senior,                          of local employees within its senior management, specifically at
yaitu pada posisi Kepala Divisi yang berada 1 (satu) tingkat                         the Division Head level, which is one level below the Board of
di bawah Direksi. Adapun proporsi manajemen senior lokal                             Directors. The proportion of local senior management over the
dalam 3 (tiga) tahun buku terakhir adalah sebagai berikut:                           past three financial years is presented as follows:


Proporsi Manajemen Senior Lokal Level Kepala Divisi [202-2]
Proportion of Local Senior Management Division Head Level
                                                  Satuan
                  Uraian                                               FY2025           FY2024                FY2023                        Description
                                                    Unit
 Jumlah Manajemen                                  Orang                                                                              Total Local Senior Management
                                                                            16                 16                      16
 Senior Lokal (WNI)                               Persons                                                                                        (Indonesian Citizen)
 Jumlah Manajemen                                  Orang
                                                                            22                 21                      21                   Total Senior Management
  Senior                                          Persons
 Proporsi Manajemen                                                                                                                     Proportion of Local Senior
                                                     %                     72,7              76,2                   76,2
 Senior Lokal (WNI)                                                                                                               Management (Indonesian Citizen)


KESEJAHTERAAN KARYAWAN                                                               EMPLOYEE WELFARE
Sebagai bentuk komitmen terhadap terciptanya lingkungan                              As part of its commitment to fostering a fair and sustainable
kerja yang adil dan berkelanjutan, Perseroan secara konsisten                        workplace, the Company consistently promotes employee
memperhatikan kesejahteraan karyawan melalui kebijakan                               welfare through competitive compensation policies, the
upah yang kompetitif, penerapan prinsip kesetaraan dalam                             application        of    equitable         remuneration        principles,     the
remunerasi, pemberian tunjangan, kesetaraan remunerasi,                              provision of employee benefits, equal remuneration practices,
pemenuhan hak cuti karyawan, serta penyediaan program                                the fulfillment of employee leave entitlements, and the
pensiun.                                                                             implementation of retirement benefit programs.


Kompensasi Karyawan [2-21, 202-2, 405-2] [F.20]                                      Employee Compensation
Sebagai wujud komitmen terhadap prinsip keadilan, Perseroan                          As a reflection of its commitment to fairness, the Company
menetapkan upah minimum karyawan di atas Upah Minimum                                establishes minimum employee wages that exceed the applicable
Provinsi (UMP) yang berlaku di setiap wilayah operasional.                           Provincial Minimum Wage (UMP) in each of its operational
Penetapan remunerasi dilakukan secara konsisten di seluruh                           areas. Remuneration is determined consistently across all
unit kerja, dengan mempertimbangkan tingkat remunerasi di                            business units by taking into account compensation levels
industri sejenis, indikator ekonomi makro, kinerja, kompetensi,                      within comparable industries, macroeconomic indicators,
dan pengalaman individu, serta faktor eksternal seperti regulasi                     individual performance, competencies, and experience, as well
ketenagakerjaan, standar industri, upah minimum, kondisi                             as external factors such as labor regulations, industry standards,
keuangan perusahaan, dan situasi makroekonomi. Adapun                                minimum wage requirements, the Company's financial
perbandingan antara upah minimum karyawan Perseroan dan                              condition, and the prevailing macroeconomic environment.
UMP pada tahun buku 2025 adalah sebagai berikut:                                     A comparison between the Company's minimum employee
                                                                                     wages and the applicable Provincial Minimum Wage (UMP)
                                                                                     for the 2025 financial year is presented as follows:




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Perbandingan Upah Minimum Karyawan dengan Upah Minimum Regional [202-1] [F.20]
Comparison of Employee Minimum Wage with Regional Minimum Wage
     Wilayah Kerja                     Upah Minimum Setempat (Rp)                        Upah Minimum Karyawan (Rp)                     %
        Work Area                            Local Minimum Wages (Rp)                     Employee Minimum Wages (Rp)
 DKI Jakarta                                                      5.729.876                                      5.800.000             101,2
 Balikpapan                                                       3.856.694                                      3.860.000             100,1


Dalam pemberian remunerasi, Perseroan juga senantiasa                         In determining remuneration, the Company consistently
menjunjung tinggi prinsip kesetaraan gender. Hal ini                          upholds the principle of gender equality. This commitment is
tercermin dalam rasio gaji pokok dan total remunerasi antara                  reflected in the ratio of basic salaries and total remuneration
karyawan pria dan wanita yang menunjukkan perlakuan yang                      between male and female employees, demonstrating equal
setara tanpa memandang gender. Adapun rasio gaji pokok dan                    treatment regardless of gender. The ratio of basic salary and
remunerasi berdasarkan gender selama 3 (tiga) tahun buku                      total remuneration by gender over the past three financial years
terakhir adalah sebagai berikut:                                              is presented as follows:


Rasio Gaji Pokok dan Remunerasi Pria Dibandingkan Wanita [405-2]
Ratio of Basic Salary and Remuneration of Male to Female
                                             Wanita terhadap Pria                   Pria terhadap Wanita
           Uraian                             Women against Men                       Men against Women                      Description
                                  FY2025          FY2024       FY2023         FY2025        FY2024       FY2023
 Kantor Pusat DKI Jakarta             0,85            0,83          0,86          1,17         1,20           1,16       DKI Jakarta Head Office
 Kantor Cabang DKI
                                      0,78            1,31          1,20          1,28         0,76           0,83      DKI Jakarta Branch Office
 Jakarta
 Kantor Cabang
                                      0,77            1,03          0,94          1,30         0,97           1,06      Balikpapan Branch Office
 Balikpapan


Selain menjunjung tinggi prinsip kesetaraan gender, Perseroan                 In addition to upholding the principle of gender equality, the
juga memperhatikan aspek proporsionalitas dalam struktur                      Company also emphasizes proportionality within its overall
kompensasi secara keseluruhan. Salah satu indikatornya                        compensation structure. One of the indicators is reflected in the
tercermin dalam rasio antara total remunerasi individu                        ratio between the remuneration of the highest-paid individual
dengan remunerasi tertinggi dan rata-rata remunerasi seluruh                  and the average remuneration of all employees (excluding
karyawan (tidak termasuk individu dengan remunerasi                           the highest-paid individual). In fiscal year 2025, the ratio was
tertinggi). Pada tahun buku 2025, rasio tersebut tercatat                     recorded at 2.53, representing an increase of approximately
sebesar 2,53, meningkat sekitar 0,4% dibandingkan dengan                      0.4% compared to 2.52 in fiscal year 2024. The increase reflects
tahun buku 2024 yang sebesar 2,52. Kenaikan tersebut                          changes in the Company's remuneration distribution structure
mencerminkan adanya perubahan dalam struktur distribusi                       during the reporting period.
remunerasi Perseroan selama periode pelaporan.


Dengan demikian, rasio rata-rata remunerasi seluruh                           Accordingly, the ratio of the average remuneration of all
karyawan (tidak termasuk individu dengan remunerasi                           employees (excluding the highest-paid individual) to the
tertinggi) terhadap remunerasi individu dengan remunerasi                     remuneration of the highest-paid individual decreased from
tertinggi mengalami penurunan dari 0,40 pada tahun buku                       0.40 in fiscal year 2024 to 0.39 in fiscal year 2025, representing
2024 menjadi 0,39 pada tahun buku 2025, atau turun sebesar                    a decline of 2.5%. This decrease reflects changes in the
2,5%. Penurunan tersebut mencerminkan adanya perubahan                        remuneration composition between the average employee
komposisi remunerasi antara rata-rata karyawan dan individu                   remuneration and the remuneration of the highest-paid
dengan remunerasi tertinggi selama tahun pelaporan.                           individual during the reporting period.


Perkembangan ini mencerminkan komitmen Perseroan dalam                        This development demonstrates the Company's commitment
menerapkan prinsip keadilan dan proporsionalitas dalam                        to implementing the principles of fairness and proportionality
sistem kompensasi, guna menciptakan struktur remunerasi                       within its compensation system, thereby fostering a
yang adil dan merata. Adapun rincian rasio kompensasi total                   remuneration structure that is equitable and balanced. Details



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    Analisis & Pembahasan Manajemen | Management Discussion & Analysis




tahunan karyawan Perseroan dalam 3 (tiga) tahun buku                                of the Company's annual total compensation ratio over the past
terakhir adalah sebagai berikut:                                                    three financial years are presented as follows:


Rasio Kompensasi Total Tahunan Karyawan [2-21]
Annual Total Employee Compensation Ratio
                         Uraian                                FY2025       FY2024           FY2023                                 Description
    Individu dengan bayaran tertinggi terhadap                       2,53        2,52              2,72        The highest-paid individual in relation to all other
    seluruh karyawan (tidak termasuk individu                                                                  employees (excluding the highest-paid individual)
    dengan bayaran tertinggi)
    Seluruh karyawan (tidak termasuk individu                        0,39        0,40              0,37               All other employees (excluding the highest-
    dengan bayaran tertinggi) terhadap individu                                                                    paid individual) in relation to the highest-paid
    dengan bayaran tertinggi                                                                                                                             individual


Tunjangan dan Insentif Karyawan [201-3, 401-2]                                      Employee Benefits and Incentives
Sebagai bagian dari struktur remunerasi yang selaras dengan                         As part of its remuneration structure, which is designed to
kontribusi dan kebutuhan karyawan, Perseroan memberikan                             align with employees' contributions and needs, the Company
berbagai         tunjangan        dan     insentif      guna      meningkatkan      provides a comprehensive range of benefits and incentives to
kesejahteraan dan motivasi karyawan. Inisiatif ini bertujuan                        enhance employee welfare and motivation. These initiatives
untuk mendukung stabilitas finansial serta meningkatkan                             are intended to support employees' financial well-being while
kualitas hidup karyawan secara menyeluruh.                                          improving their overall quality of life.


Sebagai bagian dari upaya tersebut, Perseroan menyediakan                           To support this commitment, the Company provides various
beragam tunjangan dan fasilitas tambahan, seperti subsidi                           employee benefits and additional facilities, including housing
sewa rumah, tunjangan transportasi, bantuan kesehatan,                              rental subsidies, transportation allowances, healthcare assistance,
bantuan pembelian kacamata, fasilitas makan, tunjangan lokasi,                      eyewear reimbursement, meal facilities, location allowances,
keanggotaan serikat pekerja, serta program jaminan sosial.                          labor union membership, and social security programs.


Dalam rangka meningkatkan motivasi dan mempertahankan                               To further strengthen employee motivation and foster long-
loyalitas karyawan, Hexindo juga memberikan penghargaan                             term loyalty, Hexindo also offers recognition and incentive
dan insentif guna memupuk semangat, kedisiplinan, dan                               programs designed to encourage enthusiasm, discipline, and
dedikasi dalam bekerja. Selain insentif bulanan yang                                dedication in the workplace. In addition to monthly incentives
diberikan berdasarkan pencapaian penjualan, Perseroan juga                          based on sales performance, the Company provides various
menyediakan bentuk apresiasi lainnya, seperti:                                      forms of employee recognition, including:
•       Program beasiswa bagi anak-anak karyawan yang                               •      Scholarship programs for high-achieving employees'
        berprestasi, guna mendukung pengembangan potensi,                                  children to support the development of their talents,
        kemampuan, dan prestasi mereka secara optimal; dan                                 capabilities, and academic achievements; and
•       Penghargaan berupa logam mulia kepada karyawan yang                         •      Long-service awards in the form of precious metals
        telah mengabdi selama 10, 15, 20, dan 25 tahun sebagai                             presented to employees who have completed 10, 15, 20,
        bentuk penghormatan atas loyalitas dan dedikasi mereka.                            and 25 years of service in recognition of their loyalty and
                                                                                           dedication.


Seluruh ketentuan terkait fasilitas, tunjangan, serta bentuk                        All provisions relating to employee facilities, benefits, and
penghargaan karyawan diatur dalam PKB yang berlaku di                               recognition programs are governed by the Collective Labor
lingkungan Perseroan. Selain itu, Perseroan juga memberikan                         Agreement (CLA) applicable within the Company. In addition,
program manfaat pensiun untuk mendukung kesejahteraan                               the Company provides retirement benefit programs to support
karyawan yang memasuki masa purna tugas, dengan mengacu                             employees as they transition into retirement, in accordance
pada ketentuan BPJS Ketenagakerjaan.                                                with the provisions of BPJS Ketenagakerjaan.




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Cuti Melahirkan [401-3]                                               Maternity Leave
Sebagai wujud kepedulian terhadap kesejahteraan karyawan,             As part of its commitment to employee well-being, particularly
khususnya wanita, Perseroan juga memberikan fasilitas cuti            for female employees, the Company provides maternity leave
melahirkan sesuai dengan ketentuan yang berlaku. Pemberian            in accordance with applicable laws and regulations. This
hak cuti ini merupakan bagian dari komitmen Perusahaan                entitlement reflects the Company's commitment to protecting
dalam melindungi hak-hak wanita serta mendorong terciptanya           women's rights while promoting a healthy balance between
keseimbangan antara kehidupan kerja dan keluarga. Adapun              employees' professional and family responsibilities. The
karyawan wanita Perseroan yang telah mengambil cuti                   number of female employees who utilized maternity leave over
melahirkan dalam 3 (tiga) tahun buku terakhir adalah sebagai          the past three financial years is presented as follows:
berikut:

Cuti Melahirkan [401-3]
Parental Leave
                      Uraian                      FY2025         FY2024       FY2023                       Description
 Karyawan yang Berhak Mendapat Cuti
                                                          100         98             98      Employees that were Entitled to Parental Leave
 Melahirkan
 Karyawan yang Mengambil Cuti Melahirkan                    8         13              8                 Employees that took Parental Leave
 Karyawan yang Kembali Bekerja pada Periode                                                       Employees that Returned to Work in the
                                                            8         13              8
 Pelaporan Setelah Cuti Melahirkan Berakhir                                                   Reporting Period After Parental Leave Ended
 Karyawan yang Kembali Bekerja Setelah
                                                                                           Employees that Returned to Work After Parental
 Cuti Melahirkan Berakhir, yang Masih
                                                            8         13              8          Leave Ended that were Still Employed 12
 Dipekerjakan 12 Bulan Setelah Kembali
                                                                                                       Months After Their Return to Work
 Bekerja
 Tingkat Karyawan yang Kembali Bekerja dan
                                                                                                    Return to Work and Retention Rates of
 Dapat Dipertahankan Setelah Mengambil Cuti            100,0%     100,0%        100,0%
                                                                                                      Employees that Took Parental Leave
 Melahirkan


PENGEMBANGAN KOMPETENSI SDM [404-1, 404-2]                            HUMAN CAPITAL COMPETENCY
[F.22]                                                                DEVELOPMENT
Sebagai komitmen terhadap pengembangan sumber daya                    As part of its commitment to sustainable human capital
manusia yang berkelanjutan, Hexindo mengelola Training                development, Hexindo operates dedicated Training Centers
Center (TC) yang berlokasi di Jakarta dan Balikpapan. Fasilitas       (TC) located in Jakarta and Balikpapan. These facilities serve
ini berperan sebagai pusat pelatihan teknis dan manajerial            as centers of excellence for technical and managerial training,
yang dilengkapi dengan peralatan mutakhir serta kurikulum             equipped with modern training equipment and competency-
berbasis kompetensi, guna memastikan keselarasan program              based curricula to ensure that learning programs remain
pelatihan dengan kebutuhan strategis Perusahaan.                      aligned with the Company's strategic business needs.


Dalam rangka mendukung rencana suksesi dan pertumbuhan                To support succession planning and long-term business
bisnis, Divisi HC secara proaktif melaksanakan Talent Mapping         growth, the Human Capital (HC) Division proactively
Program. Program ini bertujuan untuk mengidentifikasi serta           implements the Talent Mapping Program. This initiative is
memetakan kompetensi individu yang berpotensi menempati               designed to identify and assess employees with the potential
posisi-posisi       strategis,     khususnya   dalam     menghadapi   to assume strategic positions, particularly in preparation
masa transisi seperti pensiun karyawan kunci. Proses ini              for organizational transitions such as the retirement of key
mencakup asesmen komprehensif terhadap karyawan yang                  personnel. The program includes comprehensive competency
direkomendasikan oleh masing-masing direktorat, disertai              assessments of employees nominated by each directorate,
penyusunan Individual Development Plan (IDP) guna                     followed by the preparation of Individual Development Plans
menjembatani kesenjangan kompetensi yang teridentifikasi.             (IDPs) to address identified competency gaps.


Kompetensi yang dibutuhkan diidentifikasi berdasarkan                 Required competencies are identified based on business
proses bisnis pada bidang teknik, after-sales, dan strategic          processes across the engineering, after-sales, and strategic
marketing. Hasil identifikasi ini menjadi dasar pelaksanaan           marketing functions. The results of this assessment form
Training Needs Analysis (TNA), yang dilakukan melalui                 the basis of the Company's Training Needs Analysis (TNA),
kuesioner kepada setiap unit atau user. TNA digunakan untuk           which is conducted through questionnaires distributed to each
memetakan kesenjangan kompetensi dan menjadi acuan                    business unit or user department. The TNA is used to identify


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dalam penyusunan rencana pelatihan selama satu tahun.                      competency gaps and serves as the primary reference for
Selain itu, TNA juga menjadi dasar dalam penetapan anggaran                developing the annual training plan. In addition, it provides
pelatihan agar lebih terarah dan sesuai dengan kebutuhan                   the basis for determining the annual training budget, ensuring
pengembangan karyawan.                                                     that employee development initiatives are targeted and aligned
                                                                           with organizational requirements.


Hexindo juga menerapkan program pembentukan karakter                       Hexindo also implements the One Hexindo and Kenkijin Spirit
One Hexindo dan Kenkijin Spirit sebagai upaya strategis untuk              character-building programs as strategic initiatives to cultivate
membangun budaya kerja yang proaktif, solutif, dan kolaboratif             a proactive, solution-oriented, and collaborative workplace
di seluruh lini organisasi. Nilai-nilai ini diinternalisasikan             culture throughout the organization. These core values are
melalui berbagai inisiatif, antara lain:                                   embedded through various initiatives, including:
•       Program induksi karyawan baru yang terintegrasi dalam              •      A new employee induction program integrated into the
        platform Learning Management System (LMS);                                Learning Management System (LMS);
•       Pelatihan kepemimpinan berbasis nilai; serta                       •      Values-based leadership development programs; and
•       Kampanye perilaku positif di lingkungan kerja.                     •      Positive workplace behavior campaigns.


Implementasi program ini terbukti berkontribusi signifikan                 The implementation of these initiatives has made a significant
terhadap peningkatan etos kerja, khususnya dalam aspek kerja               contribution to strengthening employees' work ethic,
tim dan pelayanan pelanggan, sekaligus menjadi fondasi dalam               particularly in the areas of teamwork and customer service
pengembangan budaya Perusahaan yang berkelanjutan.                         excellence, while also serving as a strong foundation for the
                                                                           sustainable development of the Company's corporate culture.

                                                 Hexindo Academy Learning Management System (LMS)




        Sebagai wujud komitmen dalam mengembangkan SDM, Hexindo            As part of its commitment to human capital development, Hexindo
        secara aktif mendorong setiap karyawan untuk terus meningkatkan    actively encourages every employee to continuously enhance
        kompetensinya. Untuk mendukung hal tersebut, Hexindo               their competencies. To support this objective, the Company has
        menghadirkan “Hexindo Academy Learning Management                  established the Hexindo Academy Learning Management System
        System” (LMS), sebuah platform pembelajaran digital yang           (LMS), a digital learning platform that offers a wide range of
        menyediakan berbagai modul pelatihan dengan berbagai               training modules across various competency categories. The
        kategori. LMS ini dapat diakses oleh seluruh karyawan secara       LMS is accessible online to all employees anytime and anywhere,
        online, kapan pun dan di mana pun, sehingga memungkinkan           enabling flexible and continuous learning opportunities. Through
        proses pembelajaran yang fleksibel dan berkelanjutan. Melalui      this platform, employees can participate in training programs
        platform ini, karyawan dapat mengikuti pelatihan berdasarkan       assigned by the Company or independently enroll in courses based
        penugasan dari Perusahaan maupun secara mandiri sesuai minat       on their individual interests and professional development needs.
        dan kebutuhan pengembangan diri. Terdapat 7 (tujuh) kategori       The platform offers seven training categories: Knowing Your
        pelatihan yang tersedia, antara lain Knowing Your Organization,    Organization, Management & Leadership, Personal Development,
        Management & Leadership, Personal Development, Selling             Selling Skills, Technical Knowledge, Safety Knowledge, and
        Skill, Technical Knowledge, Safety Knowledge, serta Product        Product Knowledge, all of which are designed to strengthen both
        Knowledge, yang dirancang untuk memperkuat kompetensi              technical expertise and leadership capabilities.
        teknis maupun kepemimpinan.




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Pengembangan kompetensi karyawan mencakup pelatihan,                      Employee     competency     development      includes   training,
pembinaan (coaching), dan motivasi, yang menjangkau                       coaching, and motivation programs covering all levels of
seluruh jenjang organisasi mulai dari level manajer, penyelia,            the organization, ranging from managers, supervisors, unit
kepala unit, teknisi, staf, hingga karyawan baru. Secara garis            heads, technicians, and staff to new employees. In general,
besar, program pelatihan yang diselenggarakan oleh Perseroan              the Company's training programs are divided into two main
terbagi menjadi 2 (dua) kategori utama, yaitu pelatihan umum              categories, namely general training and specialized training.
dan pelatihan khusus.
Pelatihan      umum        merupakan         program    pengembangan      General training is an employee competency development
kompetensi karyawan yang diselenggarakan oleh Divisi                      program organized by the Human Capital Division to
Human Capital untuk memperkuat kapasitas manajerial serta                 strengthen managerial capabilities and essential skills in order
keterampilan dasar yang esensial guna mendukung efektivitas               to support work effectiveness and productivity throughout the
dan produktivitas kerja di seluruh lini organisasi. Program               organization. These training programs include:
pelatihan ini meliputi:
1.    Pelatihan Manajerial                                                1.   Managerial Training
      Hexindo menyelenggarakan 2 (dua) program utama                           Hexindo organizes 2 (two) main programs as part of its
      sebagai bagian dari pelatihan manajerial, yaitu:                         managerial training, namely:
      •      Hexindo Middle Management Program (HMMP)                          •     Hexindo Middle Management Program (HMMP)
             Pelatihan       yang       berfokus    pada    penguatan                A training program focused on strengthening
             keterampilan presentasi, pemahaman finansial                            presentation skills, financial knowledge for non-
             untuk non-keuangan (Finance for Non-Finance/                            financial personnel (Finance for Non-Finance/
             FINON), serta kepemimpinan.                                             FINON), and leadership.
      •      Hexindo Basic Management Program I & II (HBMP                     •     Hexindo Basic Management Program I & II (HBMP
             I & II)                                                                 I & II)
             Program HBMP I & II dirancang untuk memperkuat                          The HBMP I & II program is designed to strengthen
             pemahaman            peserta    terhadap   prinsip-prinsip              participants' understanding of the basic management
             manajemen dasar, yaitu Planning, Organizing,                            principles of Planning, Organizing, Actuating, and
             Actuating, dan Controlling (POAC).                                      Controlling (POAC).


2.    Pelatihan Teknis                                                    2.   Technical Training
      Pelatihan yang berfokus pada peningkatan keterampilan                    Training focused on improving operational technical
      teknis operasional, termasuk pelatihan alat berat dan                    skills, including heavy equipment training and the latest
      teknologi terbaru guna mendukung efisiensi dan                           technologies to support greater efficiency and effectiveness
      efektivitas kerja di lapangan.                                           in field operations.


3.    Pelatihan Non-Teknis                                                3.   Non-Technical Training
      Mencakup topik yang mendukung soft skills dan                            This category covers topics that support soft skills and
      kepatuhan organisasi, antara lain:                                       organizational compliance, including:
      •      Pelatihan Keselamatan, Kesehatan Kerja dan                        •     Occupational Health, Safety, and Environment
             Lingkungan (K3L)                                                        (OHSE) Training
             Program        ini    bertujuan    untuk   meningkatkan                 This program aims to enhance employees' awareness
             kesadaran dan pemahaman karyawan terhadap                               and understanding of OHSE practices, reduce
             praktik K3L, mengurangi risiko kecelakaan kerja, serta                  workplace accident risks, and create a sustainable
             menciptakan lingkungan kerja yang berkelanjutan.                        working environment.
      •      Sertifikasi K3L                                                   •     OHSE Certification
             Hexindo bekerja sama dengan lembaga sertifikasi                         Hexindo collaborates with accredited certification
             terakreditasi untuk memastikan karyawan memiliki                        institutions to ensure that employees possess
             kompetensi dalam penerapan standar K3L.                                 the competencies required to implement OHSE
                                                                                     standards.




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 Ikhtisar 2025 | 2025 Highlights                                                 Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                           Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                             Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




      •      Pelatihan Komunikasi Efektif                                               •      Effective Communication Training
             Dikembangkan untuk memperkuat kemampuan                                           Designed to strengthen interpersonal communication,
             interpersonal, negosiasi, dan kolaborasi antardivisi,                             negotiation, and cross-departmental collaboration
             sehingga mendukung terciptanya sinergi dan budaya                                 skills, thereby supporting organizational synergy and
             kerja yang harmonis.                                                              a harmonious working culture.
      •      Pelatihan Pra-Pensiun                                                      •      Pre-Retirement Training
             Perseroan        berkomitmen           untuk       mendampingi                    The      Company          is      committed     to    supporting
             karyawan yang memasuki masa persiapan pensiun                                     employees who are approaching retirement (over 50
             (usia >50 tahun) melalui program pembekalan                                       years of age) through a comprehensive preparation
             yang dirancang secara komprehensif. Program                                       program. The program is delivered through
             ini diselenggarakan dalam bentuk workshop yang                                    workshops tailored to individual needs and aligned
             disesuaikan dengan kebutuhan individu serta                                       with management policies and directions. It aims
             selaras dengan kebijakan dan arahan manajemen.                                    to build self-confidence, maintain motivation and
             Tujuan       dari     pembekalan          ini     adalah   untuk                  productivity, and prepare employees psychologically
             membangun kepercayaan diri, menjaga semangat                                      to enter retirement in a calm, healthy, and happy
             dan produktivitas, serta mempersiapkan karyawan                                   manner.
             secara psikologis agar dapat menjalani masa pensiun
             dengan tenang, sehat, dan Bahagia.
      •      Sosialisasi Kepatuhan dan Regulasi (bagi Kepala                            •      Compliance and Regulatory Socialization (for
             Divisi)                                                                           Division Heads)
             Kegiatan ini bertujuan untuk memastikan para                                      This program is intended to ensure that division
             pimpinan        divisi     memahami             tanggung   jawab                  heads understand their compliance responsibilities,
             kepatuhan, termasuk aspek hukum, etika bisnis, dan                                including legal, business ethics, and Good Corporate
             GCG, sehingga dapat mengimplementasikannya                                        Governance (GCG) aspects, enabling them to
             dalam pengambilan keputusan strategis.                                            implement these principles in strategic decision-
                                                                                               making.


4.   Pelatihan Khusus Penjualan                                                  4.     Specialized Sales Training
     Untuk mendukung kinerja tim penjualan, Hexindo juga                                To support the performance of its sales team, Hexindo
     memberikan pelatihan selling skills bagi pimpinan cabang                           also provides selling skills training for branch managers
     dan tenaga penjual.                                                                and sales personnel.


5.   Pelatihan Unit Kerja                                                        5.     Departmental Training
     Pelatihan        tambahan         yang      diselenggarakan        secara          Additional         training       programs       are    independently
     independen oleh masing-masing departemen, sesuai                                   organized by each department according to the specific
     kebutuhan spesifik di kantor pusat, cabang, maupun                                 needs of the Head Office, branch offices, and project sites.
     lokasi proyek.


Sepanjang tahun buku 2025, Divisi Human Capital telah                            Throughout the 2025 financial year, the Human Capital
melaksanakan berbagai program pengembangan kompetensi                            Division       conducted          various        competency        development
melalui penyelenggaraan 84 subjek pelatihan, yang terdiri                        programs covering 84 training subjects through both in-house
dari pelatihan in-house maupun out-house, baik secara online                     and out-house training, delivered either online or offline. Of
maupun offline. Dari total pelatihan tersebut, 33 kegiatan                       the total training activities, 33 were conducted in-house, while
diselenggarakan secara in-house, sementara 51 kegiatan                           the remaining 51 were organized in collaboration with external
lainnya dilaksanakan melalui kerja sama dengan mitra                             partners (out-house). To support these training activities, the
eksternal (out-house). Untuk mendukung seluruh kegiatan                          Company allocated a training budget of Rp3,930,550,571.
pelatihan tersebut, Perusahaan mengalokasikan anggaran
pelatihan sebesar Rp3.930.550.571.




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Secara keseluruhan, program pelatihan ini diikuti oleh 574                          Overall, these training programs were attended by 574
karyawan, yang terdiri dari 515 peserta pria dan 59 peserta                         employees, consisting of 515 male participants and 59 female
wanita, dengan total 12.536 jam pelatihan yang tercatat.                            participants, with a total of 12,536 training hours recorded. A
Adapun rekapitulasi jumlah peserta dan total jam pelatihan                          summary of the number of participants and total employee
karyawan dalam 3 (tiga) tahun buku terakhir adalah sebagai                          training hours over the past 3 (three) financial years is
berikut:                                                                            presented as follows:


Jumlah Peserta dan Jam Pelatihan Karyawan [404-1] [F.22]
Number of Participants and Employee Training Hours
                                        FY2025                               FY2024                                 FY2023
        Uraian              Pria       Wanita        Jumlah      Pria       Wanita        Jumlah        Pria        Wanita      Jumlah          Description
                            Male        Female        Total      Male        Female         Total       Male        Female        Total
                                                                                                                                                         Training
 Peserta Pelatihan
                               515             59         574      1.042            49        1.091      1.144           104        1.248             Participants
 (Orang)
                                                                                                                                                         (People)
                                                                                                                                                  Training Hours
 Jam Pelatihan (Jam)        11.328           1.208     12.536    14.806            708       15.514     15.501         1.164       16.665
                                                                                                                                                         (Hours)
 Rata-Rata Jam                                                                                                                                   Average Training
                               22,0           20,5       21,8       14,2          14,4         14,2       13,5          11,2         13,4
 Pelatihan (Jam)                                                                                                                                   Hours (Hours)




                     Pelatihan Khusus untuk Teknisi Alat Berat
                     Special Training for Heavy Equipment Technicians
                     Selain program pelatihan umum yang dikelola oleh HC, Perseroan juga menyelenggarakan program pelatihan khusus teknisi alat
                     berat yang dikelola oleh Divisi Product Support. Pelatihan ini dilaksanakan di 2 (dua) Training Center (TC) yang berlokasi di Jakarta
                     dan Balikpapan. Pelatihan ini ditujukan baik untuk lulusan baru SMK dalam program Basic Technical Skill yang dipersiapkan
                     menjadi fresh technician, maupun teknisi berpengalaman yang ditugaskan untuk menangani produk-produk baru. Dengan
                     dukungan fasilitas workshop dan metode pembelajaran hybrid (offline dan online melalui Learning Management System/ LMS),
                     teknisi dapat mengakses materi pelatihan dari mana saja, termasuk dari lokasi proyek terpencil.

                     In addition to the general training programs managed by the Human Capital (HC) department, the Company also conducts specialized
                     training programs for heavy equipment technicians, organized by the Product Support Division. These training programs are held at two
                     Training Centers (TC) located in Jakarta and Balikpapan. The programs are designed for both fresh vocational high school graduates through
                     the Basic Technical Skill program, preparing them to become entry-level technicians, and experienced technicians assigned to handle new
                     products. Supported by workshop facilities and a hybrid learning approach (offline and online via the Learning Management System/LMS),
                     technicians are able to access training materials from anywhere,




               56                                    14.763                                  1.142                               Rp 2.009.741.500

           Topik Pelatihan                                                                   Peserta Pelatihan                     Biaya Pelatihan Teknis
                                                      Jam Pelatihan                                                                 Technical Training Cost
           Training Subjects                          Training Hours                        Training Participants




Evaluasi Kinerja dan Pengembangan Karier [404-3]                                    Performance Evaluation and Career Development
Sebagai bagian dari sistem manajemen kinerja terpadu,                               As part of its integrated performance management system,
Perseroan secara berkala melaksanakan evaluasi kinerja                              the Company conducts periodic employee performance
karyawan guna mendorong pencapaian individu sekaligus                               evaluations to encourage individual achievement while
mendukung pengembangan karier jangka panjang. Proses                                supporting long-term career development. The evaluation
ini bertujuan untuk menilai tingkat pencapaian karyawan                             process is intended to assess employees' achievement of
terhadap target dan Key Performance Indicators (KPI) yang                           predetermined targets and Key Performance Indicators (KPIs),
telah ditetapkan, serta mempertimbangkan baik hasil maupun                          taking into account both work outcomes and work processes



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 Ikhtisar 2025 | 2025 Highlights                                        Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                  Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                    Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




proses kerja melalui pemantauan kinerja yang dilakukan oleh             through performance monitoring conducted by Division
Kepala Divisi selama 1 (satu) tahun penuh.                              Heads throughout the financial year.


Penilaian kinerja dimulai sebelum tahun buku berjalan,                  The performance evaluation process begins before the start
dengan tahap awal berupa pengisian format evaluasi atas target          of each financial year with the completion of performance
yang harus dicapai oleh setiap karyawan, termasuk Kepala                evaluation forms outlining the targets to be achieved by
Divisi. Target-target tersebut ditetapkan berdasarkan program           each employee, including Division Heads. These targets are
kerja yang telah disepakati antara atasan dan staf, dengan              established based on work programs agreed upon between
mengacu pada target penjualan serta target umum Perseroan.              supervisors and employees, with reference to the Company's
Menjelang akhir tahun buku, dilakukan evaluasi menyeluruh               sales targets and overall corporate objectives. Toward the end
atas pencapaian target setiap karyawan.                                 of the financial year, a comprehensive evaluation is conducted
                                                                        to assess each employee's achievement against these targets.


Hasil evaluasi menjadi dasar penting dalam pengambilan                  The evaluation results serve as an important basis for
keputusan terkait pengembangan karier, termasuk promosi                 career      development           decisions,      including       promotions,
jabatan, penyesuaian remunerasi, serta identifikasi kebutuhan           remuneration adjustments, and the identification of training
pelatihan. Penetapan remunerasi juga disesuaikan dengan                 needs. Remuneration determination is also aligned with the
capaian keuntungan Perusahaan pada tahun buku berjalan.                 Company's profit performance during the relevant financial
Selain itu, evaluasi kinerja digunakan sebagai acuan dalam              year. In addition, performance evaluation outcomes are used
kebijakan rotasi, terminasi, serta pemberian apresiasi                  as a reference for employee rotation, termination decisions,
seperti bonus dan insentif, yang pada akhirnya mendukung                and the granting of rewards such as bonuses and incentives,
perencanaan strategis pengembangan organisasi.                          ultimately supporting the Company's strategic organizational
                                                                        development planning.


Di sisi lain, evaluasi kinerja juga menjadi dasar pertimbangan          Furthermore, performance evaluations also serve as a basis
dalam pengangkatan karyawan kontrak menjadi karyawan                    for considering the appointment of contract employees as
tetap, sebagaimana diatur dalam Pasal 10 Ayat 6 PKB.                    permanent employees, as stipulated in Article 10 Paragraph 6 of
Ketentuan ini menegaskan komitmen Perseroan dalam                       the Collective Labor Agreement (CLA). This provision reflects
menciptakan peluang karier yang berkelanjutan secara objektif           the Company's commitment to providing sustainable career
dan transparan berdasarkan pencapaian kinerja yang terukur.             opportunities through an objective and transparent process
Sebagai bentuk komitmen dalam pengembangan SDM,                         based on measurable performance achievements. As part of its
Perseroan telah mengembangkan sistem manajemen karier                   commitment to human capital development, the Company has
yang dirancang untuk memberikan ruang bagi setiap karyawan              established a career management system designed to provide
dalam mengembangkan potensi diri dan merencanakan                       employees with opportunities to develop their potential and plan
jenjang karier yang sejalan dengan kompetensinya. Perseroan             career progression in line with their competencies. The Company
memberikan kesempatan yang setara dan terbuka kepada                    provides equal and open opportunities for all employees to
seluruh karyawan untuk mencapai jenjang tertinggi dalam                 advance to the highest levels within the organizational structure,
struktur organisasi, termasuk hingga posisi Direksi, sesuai             including positions on the Board of Directors, based on their
dengan kapabilitas dan kontribusi masing-masing.                        respective capabilities and contributions.


Sepanjang tahun buku 2025, seluruh (100%) karyawan                      Throughout the 2025 financial year, all (100%) of the Company's
Perseroan telah menjalani proses evaluasi kinerja berbasis KPI.         employees underwent KPI-based performance evaluations.


MANAJEMEN K3                                                            OCCUPATIONAL HEALTH AND SAFETY (OHS)
                                                                        MANAGEMENT
Sebagai dasar penerapan SMK3 dan ISO 45001:2018,                        As the foundation for implementing the Occupational Health
Hexindo menetapkan Kebijakan QSHE (Revisi 4, 3 Mei                      and Safety Management System (SMK3) and ISO 45001:2018,
2024) yang mencakup komitmen terhadap kualitas, K3L,                    Hexindo has established the QSHE Policy (Revision 4, dated
dan lingkungan. Kebijakan ini dikomunikasikan ke seluruh                3 May 2024), which embodies the Company's commitment
karyawan serta tersedia untuk pihak eksternal, dengan prinsip           to quality, occupational health, safety, and the environment.


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“Health and Safety Comes First” dan kampanye “Safety is My                             This policy has been communicated to all employees and is
Responsibility”. Adapun isi dari Kebijakan QSHE tersebut                               also made available to external stakeholders. It is guided by the
memuat 9 (sembilan) poin utama berikut:                                                principles of "Health and Safety Comes First" and the "Safety is
                                                                                       My Responsibility" campaign. The QSHE Policy comprises the
                                                                                       following 9 (nine) key principles:
Poin-Poin Utama Kebijakan QSHE
Key Points of the QSHE Policy
                                                                             Kebijakan QSHE
  No.                                                                            QSHE Policy
   1      Memberikan pelayanan untuk kepuasan pelanggan sesuai persyaratan yang berlaku.
          Providing services for customer satisfaction in accordance with applicable requirements.
   2      Memenuhi kewajiban kepatuhan peraturan perundang-undangan Pemerintah RI dan peraturan lain yang berlaku.
          Complying obligations with Indonesian Government laws and regulations and other applicable regulations.
   3      Menciptakan kegiatan operasional yang aman, efisien, dan produktif, mencegah terjadinya kecelakaan kerja, kejadian berbahaya, penyakit
          akibat kerja, dan kejadian akibat penyakit tenaga kerja, serta kerusakan aset, dengan mengutamakan kualitas, keselamatan dan kesehatan kerja,
          keselamatan operasi, dan lingkungan hidup (QSHE).
          Creating safe, efficient and productive operational activities, preventing work accidents, dangerous incidents, work-related diseases and incidents resulting
          from worker illnesses, as well as damage to assets, by prioritizing quality, work safety and health, operational safety and the environment (QSHE).
   4      Melakukan perlindungan terhadap lingkungan, mengeliminasi bahaya dan menurunkan risiko keselamatan dan kesehatan kerja, keselamatan
          operasi, dan lingkungan hidup.
          Protecting the environment, eliminate dangers and reduce risks to occupational safety and health, operational safety and the environment.
   5      Mengidentifikasi, mengevaluasi, serta menilai semua ketidaksesuaian, aspek dan potensi ancaman QSHE.
          Identifying, evaluating, and examining all QSHE nonconformities, aspects and potential threats.
   6      Melaksanakan pengelolaan dan pemantauan berkala terhadap QSHE.
          Carrying out regular management and monitoring of QSHE.
   7      Melakukan perbaikan terus-menerus terhadap sistem dan kinerja QSHE.
          Carrying out continuous improvements to the QSHE system and performance.
   8      Meningkatkan kompetensi sumber daya manusia, sarana, prasarana, instalasi, dan peralatan berdasarkan persyaratan, kebutuhan, dan teknologi.
          Improving the competency of human capitals, facilities, infrastructure, installations and equipment based on requirements, needs and technology.
   9      Menerapkan partisipasi, konsultasi, dan keterlibatan pekerja serta perwakilan pekerja berkaitan dengan QSHE.
          Implementing participation, consultation and involvement of workers and worker representatives in relation to QSHE.



Lingkungan Bekerja yang Layak dan Aman [F.21]                                          Decent and Safe Working Environment
Perseroan berkomitmen untuk menciptakan lingkungan kerja                               The Company is committed to providing a safe, healthy, and
yang aman, sehat, dan layak bagi seluruh pekerja. Komitmen                             decent working environment for all workers. This commitment
ini dituangkan dalam Kebijakan QSHE serta penerapan                                    is reflected in the QSHE Policy and the implementation of the
SMK3 dan standar ISO 45001:2018, yang dilaksanakan secara                              Occupational Health and Safety Management System (SMK3)
konsisten di seluruh unit operasional. Selain kebijakan formal,                        and ISO 45001:2018, which are consistently applied across all
Hexindo juga memperkuat komitmennya melalui Code of                                    operational units. In addition to these formal policies, Hexindo
Conduct, yang mewajibkan seluruh pekerja untuk mematuhi                                reinforces its commitment through its Code of Conduct,
ketentuan terkait kualitas, keselamatan, kesehatan kerja, dan                          which requires all workers to comply with provisions relating
lingkungan. Pekerja didorong untuk melaporkan potensi                                  to quality, occupational health and safety, and environmental
masalah QSHE, mencegah kecelakaan dan pencemaran, serta                                protection. Employees are encouraged to report potential
menjaga keselamatan diri sendiri dan orang lain. Dengan                                QSHE issues, prevent workplace accidents and environmental
dasar kebijakan dan pedoman perilaku tersebut, perusahaan                              pollution, and safeguard both their own safety and that of
memastikan terciptanya lingkungan kerja yang aman, sehat,                              others. Through these policies and codes of conduct, the
dan sesuai standar yang berlaku bagi seluruh pekerja.                                  Company ensures a safe, healthy, and standards-compliant
                                                                                       working environment for all workers.


Sistem Manajemen Kesehatan dan Keselamatan Kerja                                       Occupational Health and Safety Management System
(SMK3) [403-1, 403-8] [F.21]                                                           (SMK3)
Perseroan telah menerapkan Sistem Manajemen Kesehatan                                  The Company has implemented an Occupational Health
dan Keselamatan Kerja (SMK3) sesuai dengan ketentuan                                   and Safety Management System (SMK3) in accordance with
peraturan perundang undangan yang berlaku, antara lain:                                applicable laws and regulations, including:




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 Ikhtisar 2025 | 2025 Highlights                                               Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                         Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                           Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




1.   UU No. 1 Tahun 1970 tentang Keselamatan Kerja;                            1.     Law No. 1 of 1970 concerning Occupational Safety;
2.   Permenaker No. 04/MEN/1987 tentang Panitia Pembina                        2.     Minister of Manpower Regulation No. 04/MEN/1987
     Keselamatan dan Kesehatan Kerja (P2K3) serta Tata Cara                           concerning         the     Occupational        Health     and     Safety
     Penunjukkan Ahli Keselamatan Kerja; serta                                        Committee (P2K3) and Procedures for the Appointment
                                                                                      of Occupational Safety Experts; and
3.   PP No. 50 Tahun 2012 tentang Penerapan Sistem                             3.     Government Regulation No. 50 of 2012 concerning the
     Manajemen Kesehatan dan Keselamatan Kerja (SMK3).                                Implementation of the Occupational Health and Safety
                                                                                      Management System (SMK3).


Selain itu, Hexindo juga mengadopsi standar ISO 45001:2018                     In addition, Hexindo has adopted the independently certified
yang telah terakreditasi secara independen. Penerapan standar                  ISO 45001:2018 standard. The implementation of this standard
ini mencakup program pencegahan kecelakaan kerja, identifikasi                 covers workplace accident prevention programs, hazard
bahaya, pengendalian risiko, pelaksanaan inspeksi, audit berkala,              identification, risk control, inspections, periodic audits, and
serta pemenuhan sertifikasi kompetensi bagi tenaga kerja.                      competency certification for employees. The scope of ISO
Ruang lingkup penerapan ISO 45001:2018 mencakup aktivitas                      45001:2018 certification includes heavy equipment sales
penjualan dan distribusi alat berat serta jasa pertambangan yang               and distribution, mining services, the Head Office, Jakarta
dilakukan di Kantor Pusat, Cabang Jakarta, Cabang Balikpapan,                  Branch, Balikpapan Branch, Product Support unit, and the
unit Product Support, dan fasilitas Remanufaktur di Balikpapan.                Remanufacturing facility in Balikpapan.


Di samping itu Perseroan juga telah memperoleh Sertifikasi                     Furthermore, the Company has obtained SMK3 certification
SMK3 dari Kemnaker, yang secara khusus mencakup kegiatan                       from the Ministry of Manpower, specifically covering the sales
penjualan alat berat merek Hitachi dan Bell, penyediaan                        of Hitachi and Bell heavy equipment, spare parts supply, repair
suku cadang, layanan perbaikan, serta pelaksanaan kontrak                      services, and Full Maintenance Contract operations conducted
pemeliharaan penuh yang beroperasi di Wilayah Kerja Kantor                     at the Head Office and Balikpapan Office Coverage.
Pusat dan Kantor Balikpapan.


Seluruh tenaga kerja yang berada dalam ruang lingkup lokasi                    All workers within the scope of ISO 45001:2018 and the
dan aktivitas yang tercakup dalam ISO 45001:2018 dan SMK3                      Ministry of Manpower's SMK3 certification have been fully
Kemnaker telah sepenuhnya terintegrasi ke dalam sistem ini,                    integrated into the system, covering 100% of both employees
yang mencakup 100% pekerja, baik karyawan maupun bukan                         and non-employees. In addition, Hexindo ensures that all
karyawan. Selain itu, Hexindo juga memastikan bahwa seluruh                    locations covered by these standards undergo internal and
lokasi yang termasuk dalam cakupan kedua standar tersebut                      external audits, including certification by an independent
telah menjalani proses audit internal dan eksternal, termasuk                  certification body for ISO 45001:2018 and by the Ministry of
sertifikasi oleh lembaga independen untuk ISO 45001:2018                       Manpower for SMK3.
dan oleh Kementerian Ketenagakerjaan untuk SMK3.


Adapun pekerja, aktivitas, atau lokasi di luar cakupan ISO                     Workers, activities, or locations outside the scope of ISO
45001:2018 dan SMK3 Kemnaker belum termasuk dalam                              45001:2018 and the Ministry of Manpower's SMK3 certification
penerapan sistem ini, sejalan dengan prioritas Perusahaan                      are currently not included in the system, in line with the
yang berfokus pada lokasi dengan tingkat risiko keselamatan                    Company's priority of focusing on locations with higher
dan kesehatan kerja yang lebih tinggi sebagai pusat kegiatan                   occupational health and safety risks that serve as its primary
bisnis utama.                                                                  business operations.


Partisipasi, Konsultasi, dan Komunikasi Pekerja                                Worker Participation, Consultation, and
tentang K3 [403-4]                                                             Communication on Occupational Health and Safety
Dalam rangka memastikan keterlibatan pekerja dalam                             To ensure active worker participation in occupational health and
implementasi        K3,     Perseroan        telah     membentuk      sistem   safety implementation, the Company has established a system
yang mendukung partisipasi aktif melalui Panitia Pembina                       that promotes employee involvement through the Occupational
Keselamatan dan Kesehatan Kerja (P2K3) sebagai forum resmi                     Health and Safety Committee (P2K3), which serves as the formal
yang menjembatani kolaborasi antara manajemen dan karyawan.                    platform for collaboration between management and employees.



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P2K3 berfungsi sebagai wadah strategis bagi keterlibatan           P2K3 functions as a strategic forum that enables active worker
aktif pekerja dalam pengambilan keputusan terkait K3, mulai        participation in occupational health and safety decision-
dari proses penyusunan kebijakan hingga evaluasi program.          making, from policy formulation to program evaluation.
Komite ini terdiri dari perwakilan manajemen dan serikat           The committee consists of representatives from management
pekerja, dengan struktur organisasi yang menetapkan Presiden       and the labor union, with the President Director serving as
Direktur sebagai Ketua dan Kepala Departemen QSHE sebagai          Chairperson and the Head of the QSHE Department serving
Sekretaris. Rapat P2K3 dilaksanakan secara setiap tiga bulan,      as Secretary. P2K3 meetings are held quarterly to ensure
untuk memastikan kesinambungan dialog dan pengambilan              continuous dialogue and consensus-based decision-making.
keputusan berbasis konsensus.


Dalam pelaksanaannya, P2K3 memiliki kewenangan untuk               In carrying out its responsibilities, P2K3 has the authority to
memberikan rekomendasi kebijakan K3 yang bersifat                  provide binding recommendations on occupational health
mengikat. Selanjutnya, Departemen QSHE bertanggung jawab           and safety policies. The QSHE Department is responsible for
atas implementasi teknis dari hasil konsultasi tersebut, yang      implementing these recommendations through 3 (three) main
dijalankan melalui 3 (tiga) seksi utama:                           sections:
1.    QSHE Management System, Bertugas mengidentifikasi            1.   QSHE Management System, responsible for identifying
      risiko K3L, menyusun prosedur, dan melakukan audit                OHSE risks, developing procedures, and conducting
      sistem.                                                           system audits.
2.    SHE Operational, Melaksanakan inspeksi lapangan,             2.   SHE Operational, responsible for conducting field
      mengevaluasi regulasi, dan mengawasi pekerjaan berisiko           inspections, evaluating regulatory compliance, and
      tinggi.                                                           supervising high-risk activities.
3.    Branch Support, Memantau kepatuhan terhadap K3L              3.   Branch Support, responsible for monitoring OHSE
      di seluruh cabang serta melakukan investigasi terhadap            compliance across all branches and investigating incidents.
      insiden.


Sebagai bagian dari sistem keterbukaan dan inklusivitas,           As part of its commitment to openness and inclusiveness,
karyawan yang bukan anggota P2K3 dan pekerja outsourcing           employees who are not members of P2K3 and outsourced
dapat menyampaikan laporan atau masukan secara langsung            workers may submit reports or suggestions directly to the
kepada Departemen QSHE.                                            QSHE Department.


Sistem komunikasi K3 yang dibangun mengedepankan                   The Company's occupational health and safety communication
efektivitas dan jangkauan luas, dengan memanfaatkan berbagai       system emphasizes effectiveness and broad outreach by utilizing
media seperti papan pengumuman, spanduk informasi,                 various communication channels, including notice boards,
portal internal, serta kanal digital termasuk webinar dan sesi     banners, the internal portal, webinars, and interactive online
interaktif daring. Departemen QSHE secara aktif menginisiasi       sessions. The QSHE Department actively organizes awareness
program sosialisasi, identifikasi risiko, penyusunan prosedur,     programs, hazard identification, procedure development, and
serta pelatihan yang dirancang berdasarkan hasil evaluasi          training based on recommendations generated through P2K3
kebutuhan dari forum P2K3.                                         forums.


Untuk memastikan konsistensi implementasi di seluruh lini          To ensure consistent implementation throughout the
organisasi, dilakukan pemantauan lapangan melalui inspeksi         organization, field monitoring is conducted through routine
rutin oleh tim QSHE bersama perwakilan pekerja. Proses ini         inspections carried out jointly by the QSHE team and employee
sekaligus memperkuat konektivitas antara kebijakan pusat           representatives. This process strengthens alignment between
dan pelaksanaan di unit-unit operasional melalui jaringan          corporate policies and implementation across operational
P2K3 di tingkat cabang. Evaluasi sistem dijalankan secara          units through the branch-level P2K3 network. System
berkala melalui audit lapangan, analisis insiden, serta tinjauan   evaluations are conducted periodically through field audits,
efektivitas program, yang membentuk siklus perbaikan               incident analyses, and program effectiveness reviews, creating
berkelanjutan dengan partisipasi aktif seluruh pekerja.            a continuous improvement cycle supported by active employee
                                                                   participation.




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 Ikhtisar 2025 | 2025 Highlights                                        Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                  Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                    Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Risiko, Pencegahan, dan Penanganan Insiden K3 [403-2,                   Occupational Health and Safety Risks, Prevention,
403-7] [E.3, F.21]
                                                                        and Incident Management
Proses identifikasi bahaya terkait aspek K3 di lingkungan               Hazard identification relating to occupational health and safety
Perseroan dilakukan secara rutin melalui Hazard Identification          is conducted regularly through the Hazard Identification, Risk
Risk Assessment and Determining Control (HIRADC) form                   Assessment, and Determining Control (HIRADC) process,
yang mencakup bahaya fisika, kimia, biologi, dan ergonomi,              covering physical, chemical, biological, and ergonomic hazards,
dengan pembaruan tahunan. Hierarki pengendalian dimulai                 with annual updates. Risk control follows the hierarchy of
dari eliminasi, substitusi, engineering control, administrative         controls, beginning with elimination, substitution, engineering
control, hingga penyediaan Alat Pelindung Diri (APD).                   controls, administrative controls, and finally the provision of
                                                                        personal protective equipment (PPE).


Sebagai bentuk komitmen terhadap keselamatan kerja,                     As part of its commitment to workplace safety, the Company
Perseroan menyediakan alat kerja, pakaian kerja, dan APD                provides work equipment, work clothing, and PPE appropriate
yang disesuaikan dengan jabatan dan lokasi kerja masing-                to employees' respective positions and work locations. All
masing. Seluruh perlengkapan tersebut diperiksa secara                  equipment is periodically inspected by the QSHE Department
berkala oleh Departemen QSHE guna memastikan kelayakan                  to ensure its adequacy and effectiveness.
dan efektivitasnya.


Untuk menjamin kualitas pelaksanaan HIRADC, audit                       To ensure the quality of HIRADC implementation, internal
internal dilakukan oleh Departemen QSHE, yang seluruh                   audits are conducted by the QSHE Department, whose audit
tim pelaksananya memiliki kompetensi di bidang K3. Hasil                personnel possess occupational health and safety competencies.
identifikasi bahaya ini kemudian dimanfaatkan secara                    The results of hazard identification are systematically used to
sistematis untuk memperbarui prosedur kerja, menyusun                   update work procedures, develop specialized training programs,
program pelatihan khusus, serta meningkatkan desain fasilitas           improve workplace design, and support management reviews
kerja. Selain itu, hasil tersebut juga menjadi bahan evaluasi           of the SMK3 implementation under ISO 45001:2018.
dalam tinjauan manajemen terhadap implementasi SMK3
berdasarkan standar ISO 45001:2018.


Selain itu, Perusahaan juga menyediakan saluran Whistleblowing          The Company also provides a Whistleblowing System (WBS)
System (WBS) sebagai sarana pelaporan bahaya terkait aspek K3           as a reporting channel for workplace occupational health and
di lingkungan kerja. Mekanisme anti-pembalasan diatur dalam             safety hazards. Anti-retaliation provisions are stipulated in
SK Direksi No. 072/SK-DIR/2016 tentang Pedoman Pelaporan                Board of Directors Decree No. 072/SK-DIR/2016 concerning
Whistleblowing System serta PKB, di mana pelaku intimidasi              the Whistleblowing System Guidelines and the Collective
dapat dikenai sanksi hingga pemutusan hubungan kerja. Selain            Labor Agreement (CLA), under which intimidation or
itu, Hexindo juga menerapkan kebijakan untuk meninggalkan               retaliation may result in disciplinary sanctions up to
pekerjaan situasi berbahaya yang memungkinkan pekerja                   termination of employment. Hexindo also applies a "stop work"
menghentikan aktivitas jika menemukan kondisi berbahaya,                policy that allows employees to cease work upon identifying
setelah melapor ke atasan. Proses verifikasi akan ditangani oleh        hazardous conditions after reporting them to their supervisors.
P2K3 dan Departemen QSHE, dengan jaminan perlindungan                   Verification is subsequently handled by P2K3 and the QSHE
penuh melalui prosedur WBS yang dikelola oleh Divisi Audit              Department, while full whistleblower protection is provided
Internal.                                                               through the WBS managed by the Internal Audit Division.


Pada tahun buku 2025, fokus program diarahkan pada                      During the 2025 financial year, the program focused on
penguatan partisipasi pekerja, keterbukaan komunikasi, dan              strengthening employee participation, open communication,
kepemimpinan keselamatan di tingkat cabang, melengkapi                  and safety leadership at the branch level, building upon the
program penguatan aturan dan kompetensi teknis yang telah               initiatives to strengthen safety rules and technical competencies
berjalan pada periode sebelumnya. Berikut adalah beberapa               implemented in the previous reporting period. The following
inisiatif utama yang telah diterapkan:                                  are some of the key initiatives implemented:




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1.    Safety Friend Zone sebagai wadah komunikasi terbuka                     1.   Safety Friend Zone, an open communication platform for
      bagi pekerja operasional untuk menyampaikan kendala                          operational employees to raise work-related issues, on-
      kerja, kekhawatiran di lapangan, serta potensi risiko                        site concerns, and potential safety hazards that have not
      keselamatan yang belum teridentifikasi.                                      yet been identified.
2.    We Care Movement sebagai gerakan internal untuk                         2.   We Care Movement, an internal initiative to promote
      meningkatkan           kepedulian          antarpekerja      terhadap        greater care among employees for their own safety and
      keselamatan diri sendiri maupun rekan kerja.                                 the safety of their colleagues.
3.    Safety Townhall yang melibatkan manajemen dan pekerja                   3.   Safety Townhall, bringing together management and
      sebagai forum evaluasi keselamatan, pembelajaran                             employees as a forum for safety performance reviews,
      insiden, dan penguatan komitmen budaya K3.                                   incident learning, and reinforcing commitment to the
                                                                                   occupational health and safety (OHS) culture.
4.    Digital interactive safety guidance yang merangkum                      4.   Digital   Interactive   Safety    Guidance,    providing     a
      regulasi, standar, dan panduan keselamatan kerja sebagai                     compilation of regulations, standards, and occupational
      media pembelajaran yang lebih mudah diakses pekerja.                         safety guidelines as an easily accessible learning resource
                                                                                   for employees.
5.    Wake Up Call berupa sharing kasus kecelakaan dan lesson                 5.   Wake Up Call, featuring accident case sharing and lessons
      learned untuk meningkatkan awareness serta mencegah                          learned to enhance safety awareness and prevent similar
      kejadian serupa terulang kembali.                                            incidents from recurring.
6.    Mental Health Webinar bersama psikolog dan terapis                      6.   Mental Health Webinar, conducted with professional
      profesional dengan tema komunikasi lintas generasi di                        psychologists and therapists on the theme of cross-
      lingkungan kerja.                                                            generational communication in the workplace.
7.    Branch      Leader       Safety        Awareness   Program     untuk    7.   Branch Leader Safety Awareness Program, aimed at
      meningkatkan keterlibatan pimpinan cabang dalam                              strengthening branch leaders' involvement in monitoring
      pengawasan         perilaku       berkendara       pekerja    melalui        employees' driving behavior through the use of Vehicle
      pemanfaatan Vehicle Tracking (VT).                                           Tracking (VT).
8.    Safety Campaign Program yang berkolaborasi dengan                       8.   Safety Campaign Program, conducted in collaboration
      pihak Kepolisian untuk memperkuat budaya keselamatan                         with the Police to strengthen a culture of responsible
      berkendara yang bertanggung jawab baik di lingkungan                         driving both in the workplace and the wider community.
      kerja maupun masyarakat.
9.    Kegiatan Bulan K3 Nasional seperti Safety Voice Notes                   9.   National OHS Month activities, including the Safety Voice
      Battle, Safety Champion Quiz, kampanye keselamatan,                          Notes Battle, Safety Champion Quiz, safety campaigns,
      dan Fun Run guna membangun budaya keselamatan yang                           and a Fun Run, aimed at fostering a more participatory
      lebih partisipatif dan berkelanjutan.                                        and sustainable safety culture.


Selain inisiatif tersebut, Perseroan juga terus memperkuat                    In addition to these initiatives, the Company continues to
pelaksanaan program-program rutin sebagai pilar utama                         strengthen the implementation of routine programs as the
dalam sistem manajemen K3, antara lain:                                       main pillars of its Occupational Health and Safety (OHS)
                                                                              management system, including the following:
1.    Inovasi Teknologi dan Solusi Digital untuk Keselamatan                  1.   Technology Innovation and Digital Solutions for Safety
      •      Pemasangan Vehicle Telematic (VT Program)                             •    Implementation of Vehicle Telematics (VT Program)
             Mengintegrasikan teknologi pemantauan perilaku                             Integrating driver behavior monitoring technology
             pengemudi pada kendaraan operasional guna                                  into operational vehicles to enhance driving safety
             meningkatkan keselamatan berkendara secara real-                           through real-time monitoring.
             time.
      •      Pengembangan Chatbot pada QSHE Call Center                            •    Development of the QSHE Call Center Chatbot
             Menyediakan layanan informasi K3L yang cepat,                              Providing fast, efficient, and integrated Occupational
             efisien, dan terintegrasi melalui kanal digital bagi                       Health, Safety, and Environment (HSE) information
             seluruh karyawan.                                                          services through digital channels for all employees.




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 Ikhtisar 2025 | 2025 Highlights                                              Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                        Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                          Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




      •      Pelatihan Berbasis Teknologi                                            •      Technology-Based Training
             Meningkatkan efektivitas pelatihan K3 melalui                                  Enhancing the effectiveness of OHS training through
             platform Hexindo Academy dan penggunaan                                        the Hexindo Academy platform and the use of
             perangkat         Virtual       Reality       sebagai    media                 Virtual Reality devices as interactive learning media.
             pembelajaran interaktif.
      •      Monitoring Lisensi K3                                                   •      OHS License Monitoring
             Sistem pemantauan terpadu untuk memastikan                                     Implementing an integrated monitoring system to
             seluruh sertifikasi K3 tetap aktif dan sesuai dengan                           ensure that all OHS certifications remain valid and
             regulasi yang berlaku.                                                         comply with applicable regulations.


2.   Penguatan Sinergi dan Kolaborasi untuk Keselamatan dan                   2.     Strengthening Synergy and Collaboration for Safety and
     Lingkungan                                                                      the Environment
      •      Program Nasional Duta K3L                                               •      National HSE Ambassador Program
             Inisiatif penguatan komunikasi dan pengawasan                                  An initiative to strengthen communication and
             antara kantor pusat dan cabang guna memastikan                                 supervision between the Head Office and branch
             pelaksanaan K3L secara konsisten di seluruh wilayah                            offices to ensure the consistent implementation of
             operasional.                                                                   HSE practices across all operational areas.
      •      Keterlibatan Aktif Manajemen dalam Komunikasi                           •      Active       Management            Involvement        in    OHS
             K3                                                                             Communication
             General Safety Talk secara berkala bersama                                     Conducting regular General Safety Talks with top
             pimpinan puncak sebagai bentuk kepemimpinan                                    management as a demonstration of leadership
             yang berorientasi pada keselamatan.                                            commitment to workplace safety.
      •      Briefing Rutin Mingguan                                                 •      Weekly Briefings
             Kolaborasi intensif dengan Product Support Division                            Strengthening collaboration with the Product
             untuk meningkatkan efektivitas implementasi K3L                                Support Division to enhance the effectiveness of
             secara nasional.                                                               HSE implementation nationwide.
      •      Kemitraan dengan Pemerintah untuk Skrining TB                           •      Partnership with the Government for Tuberculosis
             Bersinergi dengan Puskesmas Cakung dalam                                       Screening
             pelaksanaan skrining tuberkulosis di tempat kerja                              Collaborating with Puskesmas Cakung to conduct
             untuk deteksi dini dan peningkatan kesadaran                                   workplace tuberculosis screening for early detection
             kesehatan karyawan.                                                            and to enhance employee health awareness.


3.   Pengembangan Kapasitas melalui Edukasi dan Kesadaran                     3.     Capacity Development Through OHS Education and
     K3                                                                              Awareness
      •      Pelaksanaan Safety Induction                                            •      Implementation of Safety Induction
             Pembekalan awal mengenai kebijakan dan prosedur                                Providing introductory training on basic OHS
             dasar K3 bagi seluruh pihak internal maupun                                    policies and procedures for all internal and external
             eksternal.                                                                     parties.
      •      Rapat Berkala P2K3                                                      •      Regular OHS Committee Meetings
             Forum rutin untuk mengevaluasi isu-isu terkini                                 Conducting regular forums to evaluate current OHS
             terkait K3 dan merumuskan langkah tindak lanjut.                               issues and formulate appropriate follow-up actions.
      •      Weekly Safety Talk & Safety Education                                   •      Weekly Safety Talk & Safety Education
             Sesi diskusi mingguan lintas departemen dan cabang                             Holding         weekly        discussion     sessions      across
             guna menjaga kesadaran kolektif akan pentingnya                                departments and branches to maintain collective
             keselamatan kerja.                                                             awareness of the importance of workplace safety.
      •      Pelatihan dan Refreshment K3                                            •      OHS Training and Refresher Programs
             Program pelatihan berkelanjutan yang dilaksanakan                              Conducting continuous training programs both
             secara internal maupun melalui kemitraan eksternal.                            internally and in collaboration with external partners.




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      •      Webinar Kampanye Kesehatan                                 •   Health Awareness Webinars
             Edukasi kesehatan terkini yang melibatkan tenaga               Providing health education through webinars
             medis internal dan eksternal sebagai narasumber.               featuring internal and external medical professionals
                                                                            as speakers.


4.    Program Kesehatan Terpadu di Tempat Kerja                    4.   Integrated Workplace Health Programs
      •      Layanan Kesehatan Internal                                 •   Internal Healthcare Services
             Fasilitas konsultasi medis dengan tenaga kesehatan             Providing medical consultation facilities with
             profesional di kantor pusat dan ruang First Aid di             professional healthcare personnel at the Head Office
             kantor Balikpapan.                                             and First Aid facilities at the Balikpapan Office.
      •      Pengelolaan Kelelahan dan Stres Kerja                      •   Fatigue and Work-Related Stress Management
             Pemantauan kondisi fisik dan mental secara real-               Monitoring     employees'    physical    and    mental
             time melalui aplikasi Hexindo Apps yang didukung               conditions in real time through the Hexindo Apps
             oleh analisis tenaga medis.                                    platform, supported by analysis from the Company's
                                                                            medical personnel.
      •      Health Risk Assessment                                     •   Health Risk Assessment
             Identifikasi dan mitigasi potensi bahaya kesehatan             Identifying and mitigating potential health hazards
             di lingkungan kerja guna mencegah Penyakit Akibat              in the workplace to prevent Occupational Diseases
             Kerja (PAK).                                                   (ODs).


5.    Komitmen Berkelanjutan terhadap Keselamatan dan              5.   Continuous Commitment to Safety and the Environment
      Lingkungan
      •      Penggunaan Pembersih Ramah Lingkungan                      •   Use of Environmentally Friendly Cleaning Products
             Implementasi bahan pembersih berbasis air sebagai              Implementing water-based cleaning products as part
             upaya pengurangan dampak negatif terhadap                      of the Company's efforts to reduce adverse impacts
             kesehatan dan lingkungan.                                      on employee health and the environment.
      •      Pengukuran Lingkungan Kerja Secara Berkala                 •   Periodic Workplace Environmental Monitoring
             Evaluasi sistematis terhadap potensi bahaya di area            Conducting systematic evaluations of potential
             kerja sebagai dasar perbaikan berkelanjutan.                   hazards in the workplace as the basis for continuous
                                                                            improvement.
      •      Inspeksi Fasilitas Darurat                                 •   Emergency Facility Inspections
             Pemeriksaan berkala terhadap sistem proteksi                   Performing periodic inspections of fire protection
             kebakaran dan fasilitas darurat lainnya guna                   systems and other emergency facilities to ensure
             memastikan kesiapsiagaan optimal.                              optimum emergency preparedness.
      •      Peringatan Bulan K3 Nasional                               •   National Occupational Safety and Health Month
             Partisipasi aktif dalam kampanye nasional K3                   Actively participating in the national OHS campaign
             melalui rangkaian kegiatan selama dua bulan                    through a series of activities conducted over two
             berturut-turut sebagai dukungan terhadap program               consecutive months in support of government
             pemerintah.                                                    programs.
      •      Audit Internal dan Inspeksi Berkala                        •   Internal Audits and Periodic Inspections
             Evaluasi menyeluruh terhadap kepatuhan serta                   Conducting      comprehensive       evaluations       of
             identifikasi potensi risiko baru melalui pendekatan            compliance and identifying potential new risks
             yang sistematis dan berkelanjutan.                             through a systematic and continuous approach.


Pelatihan K3 [403-5] [F.22]                                        Occupational Health and Safety (OHS) Training
Sebagai bagian dari komitmen terhadap Keselamatan dan              As part of its commitment to occupational health and
Kesehatan Kerja (K3) dan pengembangan kompetensi SDM,              safety (OHS) and human capital competency development,
Perseroan secara konsisten menyelenggarakan berbagai               the Company consistently conducts a wide range of OHS
pelatihan di bidang K3. Inisiatif ini bertujuan untuk              training programs. These initiatives are intended to enhance
meningkatkan pemahaman dan kesadaran seluruh karyawan              employees' understanding and awareness of the importance


2025 Annual Report & Sustainability Report                      299                                         PT Hexindo Adiperkasa Tbk

Page 300
    Ikhtisar 2025 | 2025 Highlights                                                       Tata Kelola Perusahaan | Corporate Governance
    Laporan Manajemen | Management Report                                                 Laporan Keberlanjutan | Sustainability Report
    Profil Perusahaan | Company Profile                                                   Laporan Keuangan | Financial Report
    Analisis & Pembahasan Manajemen | Management Discussion & Analysis




terhadap pentingnya penerapan prinsip K3 dalam setiap aspek                               of implementing OHS principles across all aspects of the
operasional Perusahaan.                                                                   Company's operations.


Seluruh program pelatihan, baik yang bersifat sertifikasi                                 All training programs, including both certification and
maupun non-sertifikasi, terintegrasi dalam kerangka kerja                                 non-certification courses, are integrated into the employee
pengembangan kompetensi karyawan yang dikelola oleh                                       competency development framework managed by the HC
Departemen HC Training & Career Development. Adapun                                       Training & Career Development Department. The certification
jenis pelatihan bersertifikasi yang dilaksanakan oleh Hexindo                             programs conducted by Hexindo include the following:
adalah sebagai berikut:
•       Pengawas Operasional Pertama (POP);                                               •      First-Level Operational Supervisor (POP);
•       Pengawas Operasional Madya (POM);                                                 •      Intermediate Operational Supervisor (POM);
•       Penanggung Jawab Operasional Instalasi Pencegahan                                 •      Person in Charge of Air Pollution Prevention Installation
        Pencemaran Udara (POPU);                                                                 Operations (POPU);
•       Tenaga Kerja Bangunan Tinggi (TKBT);                                              •      High-Rise Building Worker (TKBT);
•       Operator Excavator, Forklift, dan Overhead Crane;                                 •      Excavator, Forklift, and Overhead Crane Operator;
•       Petugas Pertolongan Pertama pada Kecelakaan (P3K);                                •      First Aid Officer (P3K); and
        dan
•       Petugas Pemadam Kebakaran Kelas D.                                                •      Class D Firefighting Officer.


Sementara itu, pelatihan non-sertifikasi yang diselenggarakan                             Meanwhile, the non-certification training programs cover the
mencakup topik-topik berikut:                                                             following topics:
•       First Aid;                                                                        •      First Aid;
•       Safety Training;                                                                  •      Safety Training;
•       Integrated Management System Internal Audit;                                      •      Integrated Management System Internal Audit;
•       Defensive Driving; dan                                                            •      Defensive Driving; and
•       Emergency Response (Fire Extinguisher).                                           •      Emergency Response (Fire Extinguisher).


Seluruh         pelatihan       diselenggarakan          di    berbagai         lokasi    All training programs are conducted across the Company's
operasional Perusahaan, baik di Kantor Pusat, Kantor Cabang,                              operational locations, including the Head Office, Branch
maupun site project, dengan metode pelaksanaan yang                                       Offices, and project sites, using flexible delivery methods
fleksibel, serta mencakup tatap muka dan online.                                          through both face-to-face and online sessions.


Sepanjang tahun buku 2025, Hexindo telah menyelenggarakan                                 During the 2025 financial year, Hexindo conducted 62 training
62 subyek pelatihan yang diikuti oleh 808 peserta dengan                                  subjects attended by 808 participants, with a total of 15,176
total waktu pelatihan mencapai 15.176 jam. Adapun program                                 training hours. The training programs conducted are presented
pelatihan yang telah dilaksanakan adalah sebagai berikut:                                 as follows:


Sertifikasi K3
OHS Certification
                                                                         Jumlah Peserta
                                                                           Number of                                      Jenis
                              Materi                                       Participants        Jumlah Jam              Sertifikasi*              Penyelenggara
                               Topic                                                            Total Hours              Type of                     Organizer
                                                                         Pria       Wanita                             Certification*
                                                                         Male       Female
    DKI Jakarta
    BIMTEK SNI Faktor Ergonomi                                                  0          1    24 Jam/Hours            PJK3 Umum          Pusat Higine Perusahaan K3
    Technical Guidance on SNI Ergonomic Factors
    Bimtek Penilaian Tingkat Pencapaian Kinerja                              14            5   456 Jam/Hours            PJK3 Umum          PPSDM Geominerba
    Keselamatan Pertambangan
    Technical Guidance on the Assessment of Mining Safety
    Performance Achievement
    Defensive Driving Technician Batch 2                                     16            0   256 Jam/Hours            PJK3 Umum          ORD Rekacipta
    Defensive Driving Technician Batch 3                                     16            0   256 Jam/Hours            PJK3 Umum          ORD Rekacipta
    Defensive Driving Technician Batch 4                                     16            0   256 Jam/Hours            PJK3 Umum          ORD Rekacipta


PT Hexindo Adiperkasa Tbk                                                            300                                       Laporan Tahunan & Laporan Keberlanjutan 2025

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                                                                                                                                         03

                                                           Jumlah Peserta
                                                             Number of                              Jenis
                           Materi                            Participants        Jumlah Jam      Sertifikasi*          Penyelenggara
                              Topic                                               Total Hours      Type of                Organizer
                                                           Pria       Wanita                     Certification*
                                                           Male       Female
 Defensive Driving Training for BTS                            16            0   384 Jam/Hours    PJK3 Umum       ORD Rekacipta
 Defensive Driving Training for Technician Batch 1             14            0   224 Jam/Hours    PJK3 Umum       ORD Rekacipta
 P2K3                                                             1          0   24 Jam/Hours     PJK3 Umum       Pusat Higine
 Sertifikasi Ahli K3 Umum                                         0          1   80 Jam/Hours    KEMNAKER RI      Garuda Systrain
 General Occupational Health and Safety (OHS) Expert
 Certification
 Sertifikasi Forklift                                          13            0   312 Jam/Hours   KEMNAKER RI      Tranindo Pratama
 Forklift Operator Certification
 Sertifikasi Operator Alat Berat Excavator (Kemenaker)         16            0   512 Jam/Hours   KEMNAKER RI      Tranindo Pratama
 Excavator Heavy Equipment Operator Certification
 (Ministry of Manpower)
 Sertifikasi Operator Dump Truck                               23            0   736 Jam/Hours   KEMNAKER RI      Tranindo Pratama Mulia
 Dump Truck Operator Certification
 Sertifikasi Operator Wheel Loader                             10            0   320 Jam/Hours   KEMNAKER RI      Tranindo Pratama Mulia
 Wheel Loader Operator Certification
 Sertifikasi Overhead Crane                                    15            0   360 Jam/Hours   KEMNAKER RI      Indotrain Consultant
 Overhead Crane Operator Certification
 Sertifikasi P3K di Tempat Kerja                                  3         11   336 Jam/Hours   KEMNAKER RI      Tranindo Pratama Mulia
 Workplace First Aid Certification
 Pengawas Operasional Pertama (POP)                            11            0   352 Jam/Hours       BNSP         Tranindo Pratama Mulia
 First-Line Operational Supervisor (POP) Certification
 Penanggung Jawab Operasional Instalasi Pencegahan                1          0   16 Jam/Hours        BNSP         PT Lingkungan Lestari Jaya
 Pencemaran Udara
 Certification for Person in Charge of Air Pollution
 Prevention Installation Operations
 Petugas Pemadam Kebakaran Kelas D                                5          0   120 Jam/Hours   KEMNAKER RI      PT Sarana Katiga Nusantara
 Class D Firefighting Officer Certification
 Operator Excavator Batch 1                                    12            0   384 Jam/Hours   KEMNAKER RI      PT Tranindo Pratama Mulia
 Operator Excavator Batch 2                                    15            0   480 Jam/Hours   KEMNAKER RI      PT Tranindo Pratama Mulia
 Operator Forklift                                             14            0   448 Jam/Hours   KEMNAKER RI      PT Tranindo Pratama Mulia
 Forklift Operator Training
 Operator Overhead Crane (Manado)                                 3          0   96 Jam/Hours    KEMNAKER RI      PT Tranindo Pratama Mulia
 Overhead Crane Operator Training (Manado)
 Operator Overhead Crane (Samarinda)                              2          0   64 Jam/Hours    KEMNAKER RI      PT Tranindo Pratama Mulia
 Overhead Crane Operator Training (Samarinda)
 Awareness 6s in Workplace                                     37            3   296 Jam/Hours    PJK3 Umum       PT Garuda Systrain
                                                                                                                  Interindo
 Awareness of Operational Health & Safety Culture              12            3   192 Jam/Hours    PJK3 Umum       PT Sarana Katiga Nusantara
 Improvement
 First Aid Refreshment Training                                10            2   80 Jam/Hours     PJK3 Umum       RS Hermina Podomoro
 Racking Inspection based on EN 15-635 Standard                   2          0   16 Jam/Hours     PJK3 Umum       PT TUV Nord Indonesia
 Refreshment Internal Audit of ISO 9001:2015, ISO              26            4   416 Jam/Hours    PJK3 Umum       PT TUV Nord Indonesia
 14001:2015, ISO 45001 : 2018 & SMK3PP 50/ 2012
 Based on New Audit Standard ISO 19011:2018
 Defensive Driving Training Batch 1 (Teknisi/Technician)       16            0   256 Jam/Hours    PJK3 Umum       PT ORD Rekacipta
                                                                                                                  Dinamika
 Defensive Driving Training Batch 2 (Teknisi/Technician)       16            0   256 Jam/Hours    PJK3 Umum       PT ORD Rekacipta
                                                                                                                  Dinamika
 Defensive Driving Training Batch 3 (Teknisi/Technician)       16            0   256 Jam/Hours    PJK3 Umum       PT ORD Rekacipta
                                                                                                                  Dinamika
 Defensive Driving Training Batch 4 (Teknisi/Technician)       16            0   256 Jam/Hours    PJK3 Umum       PT ORD Rekacipta
                                                                                                                  Dinamika
 Defensive Driving Training BTS 76                             16            0   384 Jam/Hours    PJK3 Umum       PT ORD Rekacipta
                                                                                                                  Dinamika
 Balikpapan
 Bimbingan Teknik Good Mining Practice (GMP)                      1          0   16 Jam/Hours        BNSP         PPSDM Geominerba
 Technical Guidance on Good Mining Practice (GMP)
 Diklat Implementasi - Lifting Supervisory                        2          0   16 Jam/Hours        BNSP         Prosyd Academy
 Training on Lifting Supervisory Implementation


2025 Annual Report & Sustainability Report                             301                                            PT Hexindo Adiperkasa Tbk

Page 302
 Ikhtisar 2025 | 2025 Highlights                                                       Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                 Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                   Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




                                                                      Jumlah Peserta
                                                                        Number of                                      Jenis
                           Materi                                       Participants        Jumlah Jam              Sertifikasi*              Penyelenggara
                             Topic                                                           Total Hours              Type of                     Organizer
                                                                      Pria       Wanita                             Certification*
                                                                      Male       Female
 Implementasi SMKP                                                           1          0    24 Jam/Hours                BNSP           PPSDM Geominerba
 Mining Safety Management System (SMKP)
 Implementation
 Pengawas Operasional Pertama (POP)                                          5          1   192 Jam/Hours                BNSP           Indotrain Consultant
 First-Line Operational Supervisor (POP) Certification
 Sertifikasi Damkar Kelas D                                                 15          0   360 Jam/Hours          KEMNAKER RI          Indotrain Consultant
 Class D Firefighting Officer Certification
 Sertifikasi Operator Alat Berat Excavator (BNSP)                           15          0   480 Jam/Hours                BNSP           Media Edutama Indonesia
 BNSP Excavator Heavy Equipment Operator Certification
 Sertifikasi Operator Crane Truck Kelas 3                                    1          0    24 Jam/Hours          KEMNAKER RI          Indotrain Consultant
 Class 3 Crane Truck Operator Certification
 Sertifikasi Petugas P3K di Tempat Kerja                                    15          1   384 Jam/Hours          KEMNAKER RI          Indotrain Consultant
 Workplace First Aid Officer Certification
 Sertifikasi Teknisi K3 Listrik                                              2          0    96 Jam/Hours          KEMNAKER RI          Insurin Adhiraya
 Electrical Occupational Health and Safety (OHS)
 Technician Certification
 Sertifikasi Teknisi K3 Ruang Terbatas                                       2          0    64 Jam/Hours          KEMNAKER RI          Indotrain Consultant
 Confined Space Occupational Health and Safety (OHS)
 Technician Certification
 Sertifikasi Ultrasonic Testing (NDT Level II)                               2          0   176 Jam/Hours          KEMNAKER RI          Sarana Quality Teknik
 Ultrasonic Testing (NDT Level II) Certification
 Sertifikasi Welder Kelas 1 4G                                               4          0   128 Jam/Hours          KEMNAKER RI          Insurin Adhiraya
 Class 1 4G Welder Certification
 Ultrasonic Testing (MTPT) Level 2                                           1          0    88 Jam/Hours          KEMNAKER RI          Sarana Quality Teknik
 Balikpapan dan Project
 Pengawas Operasional Pertama                                                8          0   256 Jam/Hour                 BNSP           PT Indotrain Consultant
 First-Line Operational Supervisor (POP) Certification
 Pengawas Operasional Madya                                                  5          0   160 Jam/Hour                 BNSP           PT Insurin
 Intermediate Operational Supervisor (POM) Certification
 Tenaga Kerja Bangunan Tinggi                                                7          0   224 Jam/Hour                 BNSP           PT Insurin
 Work at Height Personnel Certification
 Operator Forklift Batch 1                                                  15          0   480 Jam/Hour                 BNSP           PT Insurin
 Forklift Operator Training – Batch 1
 Operator Forklift Batch 2                                                  15          0   480 Jam/Hour                 BNSP           PT Insurin
 Forklift Operator Training – Batch 2
 Petugas Pertolongan Pertama pada Kecelakaan                                14          1   360 Jam/Hour           KEMNAKER RI          PT Indotrain Consultant
 First Aid Officer Certification
 Petugas Pemadam Kebakaran Kelas D                                          15          0   360 Jam/Hour           KEMNAKER RI          PT Indotrain Consultant
 Class D Firefighting Officer Certification
 Defensive Driving Training (Sangatta)                                      21          0   336 Jam/Hour             PJK3 Umum          PT Insurin
 Defensive Driving Training (Melak)                                         15          0   240 Jam/Hour             PJK3 Umum          PT Insurin
 Melak Project
 Defensive Driving Training for Melak Project                               10          0   160 Jam/Hour             PJK3 Umum          ORD Rekacipta Dinamika
 Online
 Awareness P2K3                                                             26          4   240 Jam/Hour             PJK3 Umum          Alva Mitra Sertama
 E-Learning Safety Golden Rules                                             44          0    88 Jam/Hour             PJK3 Umum          Hexindo Academy
 E-Learning Safety Golden Rules (Batch 2 FY25)                               8         21    58 Jam/Hour             PJK3 Umum          Hexindo Academy
 E-Learning Safety Golden Rules (Batch 3 FY25)                              13         10    46 Jam/Hour             PJK3 Umum          Hexindo Academy
 Refreshment QSHE Ms Internal Audit ISO 9001, 14001,                        34          5   312 Jam/Hour             PJK3 Umum          Alva Mitra Sertama
 & 45001


Pelatihan K3
OHS Training

                                                                                                                                                 Rata-Rata Jam
  Peserta Wanita                   Peserta Pria           Peserta Pelatihan            Subjek Pelatihan               Jam Pelatihan                Pelatihan
 Female Participants           Male Participants         Training Participants          Training Subjects             Training Hours             Average Training
                                                                                                                                                      Hours
            73                          735                           808                       62                          15.176                     18,78




PT Hexindo Adiperkasa Tbk                                                         302                                       Laporan Tahunan & Laporan Keberlanjutan 2025

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                                                                                                                                                                03

Layanan dan Kualitas Kesehatan Pekerja [401-2, 403-3, 403-6]                          Employee Healthcare Services and Quality
Hexindo menyediakan jaminan kesehatan menyeluruh bagi                                 Hexindo provides comprehensive healthcare coverage for
seluruh karyawan dan keluarganya melalui kepesertaan dalam                            all employees and their families through participation in the
Program Jaminan Kesehatan Nasional (JKN) yang dikelola                                National Health Insurance (JKN) program administered by
oleh BPJS Kesehatan, sebagaimana diatur dalam Perjanjian                              BPJS Kesehatan, as stipulated in Article 50 of the Collective
Kerja Bersama (PKB) Pasal 50.                                                         Labor Agreement (CLA).


Selain itu, Perseroan juga menyediakan fasilitas kesehatan                            In addition, the Company provides the following supplementary
tambahan, meliputi:                                                                   healthcare benefits:
1.    Pusat pelayanan kesehatan di kantor pusat yang didukung                         1.    An on-site healthcare center at the Head Office, supported
      oleh dokter spesialis okupasi, dokter hiperkes, dan                                   by occupational medicine specialists, occupational health
      perawat hiperkes yang bertugas untuk melayani kesehatan                               physicians, and occupational health nurses, providing
      dan konsultasi medis bagi karyawan;                                                   healthcare services and medical consultations for employees;
2.    Layanan Telemedicine yang memungkinkan karyawan                                 2.    Telemedicine services, enabling employees and their
      beserta keluarga berkonsultasi medis secara online 24/7,                              families to access online medical consultations 24 hours
      di mana pun berada;                                                                   a day, 7 days a week, from any location;
3.    Tunjangan rawat jalan dan pembelian obat (PKB Pasal                             3.    Outpatient medical and medication benefits (CLA Article
      51);                                                                                  51);
4.    Tunjangan rawat inap untuk karyawan dan keluarga (PKB                           4.    Inpatient healthcare benefits for employees and their
      Pasal 52);                                                                            families (CLA Article 52);
5.    Tunjangan melahirkan hingga anak ketiga (PKB Pasal 54);                         5.    Maternity benefits for up to the third child (CLA Article 54);
6.    Tunjangan perawatan gigi (PKB Pasal 55); dan                                    6.    Dental care benefits (CLA Article 55); and
7.    Tunjangan kacamata (PKB Pasal 56).                                              7.    Eyeglasses benefits (CLA Article 56).



                     Fasilitas Telemedicine
                     Telemedicine Facility
                     Sebagai bagian dari upaya peningkatan kualitas kesehatan pekerja secara sukarela, Perseroan menyediakan layanan Telemedicine
                     yang memungkinkan karyawan dan keluarganya melakukan konsultasi medis secara daring dengan tenaga medis profesional.
                     Layanan ini ditujukan untuk membantu mengidentifikasi dan menangani berbagai risiko kesehatan, baik yang berkaitan dengan
                     aktivitas kerja maupun yang tidak terkait dengan pekerjaan. Layanan ini merupakan kolaborasi strategis antara Hexindo dan mitra
                     penyedia layanan klinik agar dapat diakses 24/7 melalui teknologi komunikasi digital, sehingga karyawan memiliki akses yang
                     mudah dan cepat ke layanan kesehatan di mana pun mereka berada.

                     As part of its voluntary efforts to improve employee health and well-being, the Company provides a Telemedicine service that enables
                     employees and their families to consult with professional medical personnel online. This service is designed to help identify and address
                     various health risks, whether work-related or not. It represents a strategic collaboration between Hexindo and its clinical service partners,
                     ensuring 24/7 accessibility through digital communication technology. This allows employees to conveniently and promptly access healthcare
                     services wherever they are.



Sebagai langkah preventif, Hexindo juga melaksanakan                                  As a preventive measure, Hexindo also conducts periodic
Medical Check-Up (MCU) untuk seluruh pekerjanya secara                                Medical Check-Up (MCU) for all employees at least once a
berkala minimal setahun sekali. Proses ini dikoordinasikan                            year. The process is coordinated by the HCPA Department,
oleh Departemen HCPA mulai dari perencanaan, seleksi                                  covering planning, vendor selection, scheduling, budgeting,
vendor, penyusunan jadwal dan anggaran, hingga pelaksanaan                            and the implementation of the MCU, with support from the
MCU dengan dukungan Departemen QSHE.                                                  QSHE Department.


Evaluasi hasil dilakukan bersama Departemen QSHE dan                                  The evaluation of the results is carried out jointly by the
Departemen HCPA berdasarkan hasil MCU dan daftar 10                                   QSHE Department and the HCPA Department based on the
besar penyakit akibat kerja. Tindak lanjut mengacu pada                               MCU findings and the list of the top 10 occupational diseases.
prosedur PRO/HO/BDEV/033 jika ditemukan indikasi medis.                               Follow-up actions are implemented in accordance with
Seluruh hasil pemeriksaan bersifat rahasia dan dikelola sesuai                        Procedure PRO/HO/BDEV/033 whenever medical indications




2025 Annual Report & Sustainability Report                                      303                                                        PT Hexindo Adiperkasa Tbk

Page 304
 Ikhtisar 2025 | 2025 Highlights                                                          Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                    Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                      Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




prosedur internal. Adapun alur lengkap proses pemeriksaan                                 are identified. All medical examination results are treated as
kesehatan bagi pekerja Perseroan adalah sebagai berikut:                                  confidential and managed in accordance with the Company's
                                                                                          internal procedures. The complete employee medical
                                                                                          examination process is presented as follows:


Alur Pemeriksaan Kesehatan Pekerja
Worker Health Screening Flow

                                                                          Mulai
                                                                           Start


                                             Departemen HCPA/HCPA Department                                       01
                                 • Penentuan Tanggal dan Peserta MCU
                                    MCU Schedule and Participant
                                 • Seleksi Vendor
                                    Vendor Selection
                                 • Penentuan Paket MCU*)
                                    MCU Package*)

                                                              Formulir Seleksi Vendor
                                                               Vendor Selection Form


                                             Departemen HCPA/HCPA Department                                       02
                                 • Sosialisasi Alur dan Tata Cara MCU
                                     MCU Flow and Instruction Socialization
                                 • Proses MCU
                                     MCU Process

                                                                      Daftar Hadir
                                                                Attendance List Form


                                      Departemen HCPA, Departemen QSHE, & Vendor
                                                                                                                  03
                                      HCPA Department, QSHE Department, & Vendor
                                 • Pembahasaan Hasil MCU dan Tindak Lanjutnya
                                     MCU Flow and Instruction Socialization
                                 • Review Top 10 Disease dan Potensial Kasus PAK
                                     Review of Top 10 Disease and Potential Occupational Disease

                                                                      Resume MCU



                                                                                                                 Ya
                                                                       Indikasi PAK ?                            Yes                      PRO/HO/BDEV/033**)
                                                                Occupational Disease Indicated?

                                                                                                     Tidak
                                                                                                       No



                                             Departemen HCPA/ HCPA Department                                      04
                                  • Laporan Ke DISNAKER
                                     Report To DISNAKER
                                  • Informasi Salinan Laporan ke Departemen QSHE
                                     Copy of Information Report to QSHE Department

                                                           Formulir DISNAKER & Surel
                                                              DISNAKER Form & Email



                                                                          Selesai
                                                                            End




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                                                                                                                                03




Dari hasil pemeriksaan tersebut, jika muncul indikasi Penyakit   Based on the examination results, if any indication of an
Akibat Kerja (PAK), temuan akan dianalisis lebih lanjut oleh     Occupational Disease (OD) is identified, the findings are further
Dokter Perusahaan untuk memastikan validitas indikasi            analyzed by the Company's physician to verify the validity of
tersebut. Jika tidak terdapat indikasi PAK, proses dinyatakan    the indication. If no indication of an Occupational Disease is
selesai. Namun, jika indikasi terkonfirmasi, Departemen          identified, the process is concluded. However, if the indication is
HCPA dan Departemen QSHE akan menyusun laporan                   confirmed, the HCPA Department and the QSHE Department
resmi menggunakan Occupational Disease Report Form dan           prepare an official report using the Occupational Disease Report
melaporkannya kepada Dinas Tenaga Kerja (Disnaker).              Form and submit it to the Regional Manpower Office (Disnaker).


Selanjutnya, Disnaker akan menilai apakah kasus yang             Subsequently, Disnaker assesses whether the reported case
dilaporkan memenuhi kriteria sebagai PAK. Jika tidak, proses     meets the criteria for an Occupational Disease. If the case does
dihentikan. Namun, jika diakui sebagai PAK, Perusahaan           not meet the criteria, the process is discontinued. However,
akan menindaklanjuti dengan pelaporan ke sistem registrasi       if it is officially recognized as an Occupational Disease, the
nasional dan penerapan langkah perbaikan sesuai ketentuan        Company proceeds with reporting the case through the
internal. Seluruh dokumen terkait dikelola dan diarsipkan        national registration system and implementing corrective
sebagai bagian dari pelaporan resmi Perusahaan. Adapun alur      actions in accordance with the Company's internal procedures.
lengkap proses diagnosis dan pelaporan PAK adalah sebagai        All related documentation is managed and archived as part of
berikut:                                                         the Company's official reporting process. The complete process
                                                                 for the diagnosis and reporting of Occupational Diseases is
                                                                 presented as follows:




2025 Annual Report & Sustainability Report                   305                                             PT Hexindo Adiperkasa Tbk

Page 306
 Ikhtisar 2025 | 2025 Highlights                                                        Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                  Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                    Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Alur Diagnosis dan Pelaporan PAK
Occupational Disease Diagnosis and Reporting Procedure

                                                                                  Mulai
                                                                                   Start


                                                              Medical Check - Up Vendor                                    01
                                           • Hasil Pemerikasaan Kesehatan
                                              MCU Result
                                           • Analisa Hasil MCU dengan Dokter Okupasi
                                              MCU Result Analysis by Company Doctor
                                                                      Hasil Pemeriksaan Kesehataan
                                                                               MCU Result


                                                                                                                       Tidak
                                                                                                                         No

                                                                          Penyakit Akibat Kerja ?
                                                                            Occupational Disease



                                                                                                      Ya
                                                                                                      Yes

                                                     Departemen HCPA & Departemen QSHE
                                                                                                                           02
                                                     HCPA Department & QSHE Department
                                           Melakukan Pelaporan Ke DISNAKER
                                           Report to DISNAKER

                                                                       Dokumen Pelaporan PAK
                                                                  Occupational Disease Report Form


                                                                        DISNAKER                                           03
                                           Melakukan Analisa Pelaporan
                                           Occupational Disease Report Analysis

                                                                       Dokumen Pelaporan PAK
                                                                  Occupational Disease Report Form



                                                                                                                        Tidak
                                                                                                                          No
                                                                          Penyakit Akibat Kerja ?
                                                                            Occupational Disease




                                                                                                      Ya
                                                                                                      Yes
                                                     Departemen HCPA & Departemen QSHE
                                                                                                                           04
                                                     HCPA Department & QSHE Department
                                           Follow - Up Sesuai Regulasi
                                           Follow - Up According to Regulations

                                                                       Dokumen Pelaporan PAK
                                                                  Occupational Desease Report Form

                                                                                  Selesai
                                                                                    End




PT Hexindo Adiperkasa Tbk                                                         306                                        Laporan Tahunan & Laporan Keberlanjutan 2025

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                                                                                                                                    03

Evaluasi dan Mitigasi Risiko K3 [403-4, 403-9, 403-10]                 OHS Risk Assessment and Mitigation
Sebagai wujud komitmen terhadap penerapan Keselamatan                  As part of its commitment to implementing occupational
dan Kesehatan Kerja (K3), Perseroan mengimplementasikan                health and safety (OHS), the Company applies the Hazard
metode HIRADC (Hazard Identification, Risk Assessment, and             Identification, Risk Assessment, and Determining Control
Determining Control) dalam melakukan identifikasi bahaya,              (HIRADC) methodology to identify hazards, assess risks,
penilaian risiko, serta penetapan langkah pengendalian guna            and establish appropriate control measures to prevent
mencegah kecelakaan kerja dan penyakit akibat kerja (PAK) di           workplace accidents and occupational diseases (ODs) across
seluruh aktivitas operasional.                                         all operational activities.

Tahapan pertama dalam proses ini adalah identifikasi bahaya,           The first stage of the process is hazard identification, which
yang dilakukan melalui peninjauan menyeluruh terhadap                  involves a comprehensive review of activities, locations, and
aktivitas, lokasi, serta kondisi operasional yang dikategorikan        operational conditions categorized as routine (R), non-routine
sebagai rutin (R), tidak rutin (NR), normal (N), abnormal              (NR), normal (N), abnormal (AN), or emergency (E). At this
(AN), atau darurat (E). Pada tahap ini, sumber bahaya                  stage, potential hazard sources are analyzed, including the
dianalisis mencakup alat dan bahan yang digunakan, jenis               equipment and materials used, the types of hazards that may
bahaya yang berpotensi terjadi, serta kemungkinan dampak               arise, and their potential impacts. This process is intended to
yang ditimbulkan. Langkah ini bertujuan untuk mengenali                identify potential risks at an early stage before they develop
potensi risiko secara dini sebelum berkembang menjadi                  into incidents.
insiden yang merugikan.


Selanjutnya, penilaian risiko dilakukan dengan mengevaluasi            The next stage involves risk assessment, which evaluates
tingkat risiko berdasarkan dua parameter utama, yaitu severity         the level of risk based on two key parameters: severity and
(tingkat keparahan) dan likelihood (kemungkinan terjadinya).           likelihood. These two values are multiplied to determine
Kedua nilai ini dikalikan untuk memperoleh skor risiko awal.           the initial risk score. The assessment also considers the
Evaluasi juga mencakup efektivitas pengendalian risiko yang            effectiveness of existing risk controls to identify any remaining
telah diterapkan guna mengidentifikasi sisa risiko (residual           residual risk. The entire process is aligned with applicable
risk) yang masih ada. Seluruh proses ini diselaraskan dengan           OHS regulations and standards to ensure compliance with
regulasi serta standar K3 yang berlaku untuk menjamin                  established requirements.
kepatuhan terhadap ketentuan yang ditetapkan.


Proses      pengendalian          risiko     kemudian   dilaksanakan   Risk control measures are then implemented based on the
berdasarkan hasil penilaian, dengan mengikuti prinsip                  assessment results by following the hierarchy of controls,
hierarki pengendalian, yaitu eliminasi (El), substitusi (Sub),         namely elimination (El), substitution (Sub), engineering
rekayasa teknik (Re), administratif (Adm), dan penggunaan              controls (Eng), administrative controls (Adm), and the use
alat pelindung diri (APD). Untuk menjamin pelaksanaan yang             of Personal Protective Equipment (PPE). To ensure effective
efektif, ditetapkan penanggung jawab (PIC) serta jangka waktu          implementation, a Person in Charge (PIC) and a defined
implementasi yang terukur.                                             implementation timeline are assigned for each control measure.

Sebagai bagian dari tata kelola risiko yang berkelanjutan,             As part of its continuous risk management process, the
monitoring dan evaluasi secara berkala dilakukan guna                  Company conducts regular monitoring and evaluation to
menilai efektivitas pengendalian yang telah diterapkan,                assess the effectiveness of the implemented controls, identify
mengidentifikasi potensi risiko baru, serta menentukan                 emerging risks, and determine the necessary corrective and
langkah korektif dan preventif yang diperlukan. Berdasarkan            preventive actions. Based on the hazard identification and
hasil identifikasi bahaya dan penilaian risiko yang telah              risk assessment conducted, the following are the Company's
dilakukan, berikut adalah bahaya dan risiko utama terkait              principal workplace accident and occupational disease (OD)
kecelakaan kerja serta penyakit akibat kerja (PAK) di                  hazards and risks:
lingkungan Perusahaan:




2025 Annual Report & Sustainability Report                         307                                           PT Hexindo Adiperkasa Tbk

Page 308
 Ikhtisar 2025 | 2025 Highlights                                                      Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                  Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Bahaya dan Risiko Utama Terkait Kecelakaan Kerja Serta PAK
Main Hazards and Risks Related to Workplace Accidents and Occupational Diseases
 Jenis Bahaya                      Sumber Risiko                                Konsekuensi                                 Tindakan Pengendalian
 Type of Hazard                      Source of Risk                             Consequences                                      Control Measures
 Fisik                Mesin dan aktivitas servis                      Cedera fisik, seperti luka, patah        •      Pemasangan pelindung mesin (machine
 Physical             Machines and servicing activities               tulang, atau amputasi                           guard)
                                                                      Physical injuries, such as cuts,         •      Penggunaan alat kerja standar
                                                                      fractures, or amputations                •      Penerapan SOP yang ketat
                                                                                                               •      Pelatihan teknis berkala
                                                                                                               •      Penggunaan APD sesuai risiko
                                                                                                               •      Installation of machine guards
                                                                                                               •      Use of standardized work tools
                                                                                                               •      Implementation of strict SOPs
                                                                                                               •      Regular technical training
                                                                                                               •      Use of Personal Protective Equipment (PPE)
                                                                                                                      according to risk
 Kimia                Pelumas, grease, dan deterjen                   Iritasi kulit atau reaksi alergi         •      Penggunaan bahan kimia berisiko rendah
 Chemical             Lubricants, greases, and detergents             Skin irritation or allergic reactions           dan berbasis air
                                                                                                               •      Penyediaan dan sosialisasi MSDS (Material
                                                                                                                      Safety Data Sheet)
                                                                                                               •      Penggunaan APD sesuai standar keselamatan
                                                                                                                      kerja
                                                                                                               •      Use of low-risk, water-based chemicals
                                                                                                               •      Provision and dissemination of MSDS
                                                                                                               •      Use of PPE in accordance with occupational
                                                                                                                      safety standards
 Biologi              Vektor penyakit (misalnya nyamuk),              Penyakit akibat gigitan/sengatan         •      Pemasangan alat pengusir serangga (lampu UV/
 Biological           hewan penggigit (misalnya lebah), dan           (DBD, malaria, anafilaksis), atau               repellent)
                      hewan liar di area kerja atau jalur kerja       kecelakaan saat menghindari              •      Penggunaan pakaian kerja lengan panjang
                      Disease vectors (e.g., mosquitoes), stinging    hewan                                    •      Edukasi pencegahan penyakit vector
                      animals (e.g., bees), and wild animals in the   Diseases from bites/stings such as       •      Pelatihan defensif berkendara
                      work area or work pathways                      dengue, malaria, anaphylaxis, or         •      Installation of insect repellent devices (UV
                                                                      accidents while avoiding animals                lamps/repellent)
                                                                                                               •      Use of long-sleeved work clothing
                                                                                                               •      Education on vector-borne disease prevention
                                                                                                               •      Defensive driving training
 Ergonomi             Posisi kerja tidak ergonomis, beban fisik       Gangguan otot dan rangka                 •      Pelatihan ergonomi di tempat kerja
 Ergonomic            berulang                                        (MSDs) atau myalgia                      •      Sosialisasi Penyakit Akibat Kerja (PAK)
                      Poor working posture, repetitive physical       Musculoskeletal disorders and            •      Pemeriksaan kesehatan rutin termasuk uji
                      load                                            myalgia                                         Lasegue
                                                                                                               •      Survei ergonomi oleh tenaga ahli
                                                                                                               •      Workplace ergonomics training
                                                                                                               •      Awareness programs on Occupational Diseases
                                                                                                                      (OD)
                                                                                                               •      Routine health checks including Lasegue tests
                                                                                                               •      Ergonomic surveys conducted by certified
                                                                                                                      professionals
 Psikososial          Beban kerja tinggi dengan tenggat waktu         Gangguan kesehatan mental,               •      Skrining kesehatan mental secara berkala
 Psychosocial         High workload with due date                     seperti burnout atau kecemasan           •      Konsultasi dengan psikolog klinis atau dokter
                                                                      Mental health issues, such as                   perusahaan
                                                                      burnout or anxiety                       •      Akses layanan telemedicine
                                                                                                               •      Program olahraga bagi karyawan
                                                                                                               •      Regular mental health screenings
                                                                                                               •      Consultations with a clinical psychologist or
                                                                                                                      company doctor
                                                                                                               •      Access to telemedicine services
                                                                                                               •      Employee fitness and wellness programs



Dari sejumlah jenis bahaya yang telah teridentifikasi,                                Among the identified hazards, traffic accidents remain the
kecelakaan berkendara merupakan penyumbang terbesar                                   largest contributor to workplace accidents based on the
dalam angka kecelakaan kerja berdasarkan data historis di                             Company's historical data.
lingkungan Perusahaan.




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                                                                                                                                                                                                  03

Setiap       tahunnya,           Perseroan           menetapkan              target       zero-          Each year, the Company establishes a zero-accident target
accident melalui penerapan program mitigasi risiko secara                                                through the continuous implementation of risk mitigation
berkelanjutan. Sepanjang tahun buku 2025 Perseroan                                                       programs. During fiscal year 2025, the Company recorded 13
mencatat 13 kejadian, terdiri atas 8 kecelakaan berkendara dan                                           incidents, comprising 8 traffic accidents and 5 work-related
5 kecelakaan kerja dengan cedera. Seluruh cedera tergolong                                               injuries. All injuries were classified as minor injuries and did
ringan (minor injury) dan tidak mengakibatkan hilangnya hari                                             not result in any lost workdays, resulting in an LTIFR of 0.00
kerja, sehingga LTIFR tercatat 0,00 per satu juta jam kerja,                                             per one million working hours, an improvement from 0.18. The
membaik dari 0,18. Recordable Injury Rate meningkat dari 0,36                                            Recordable Injury Rate increased from 0.36 to 0.88, reflecting
menjadi 0,88 seiring menguatnya budaya pelaporan insiden                                                 a stronger incident reporting culture across all operational
di seluruh area operasional. Kecelakaan berkendara masih                                                 areas. Traffic accidents remained the largest contributor, and
menjadi penyumbang terbesar, dan Perseroan meresponsnya                                                  the Company responded by implementing vehicle driving
melalui pemantauan perilaku berkendara berbasis Vehicle                                                  behavior monitoring through the Vehicle Tracking system,
Tracking, Branch Leader Safety Awareness Program, serta                                                  the Branch Leader Safety Awareness Program, and road safety
kampanye keselamatan berkendara bersama pihak Kepolisian.                                                campaigns in collaboration with the Police.


Selaras dengan komitmen tersebut, Perseroan juga secara                                                  In line with this commitment, the Company also consistently
konsisten melakukan pemantauan kesehatan kerja guna                                                      monitors employees' health to prevent the occurrence of
mencegah timbulnya penyakit akibat kerja (PAK). Berdasarkan                                              Occupational Diseases (ODs). Based on the evaluation and
hasil evaluasi dan pelaporan yang dilakukan selama 3 (tiga)                                              reporting conducted over the past 3 (three) financial years,
tahun buku terakhir, tidak terdapat kasus PAK yang terjadi di                                            no cases of Occupational Diseases were recorded within the
lingkungan Perseroan.                                                                                    Company.


Adapun statistik kecelakaan kerja yang terjadi di lingkungan                                             The workplace accident statistics recorded by the Company
Perseroan dalam 3 (tiga) tahun buku terakhir adalah sebagai                                              over the past 3 (three) financial years are presented as follows:
berikut:

Statistik Kecelakaan Kerja
Work-Related Injuries Statistics
                                                       Satuan
               Uraian                                                                 FY2025                    FY2024                   FY2023                           Description
                                                          Unit
                                                           Jam
 Jumlah Jam Kerja                                                                       5.656.560                 5.564.880               5.330.880                   Number of Working Hours
                                                         Hours
                                                         Kasus
 Jumlah Kecelakaan Kerja¹⁾                                                                       13                         10                     12                 Number of Accident Case¹⁾
                                                          Case
 Jumlah Kecelakaan Fatalitas                             Kasus                                                                                                                   Number of Fatality
                                                                                                   0                         0                       0
 (Kematian)                                               Case                                                                                                                           Accident
 Tingkat Kejadian Kecelakaan                    Per 1 Juta Jam Kerja
                                                                                                   0                         0                       0                                    Fatality Rate
 Fatal                                        Per 1 Million Man Hours

 Cedera terkait Pekerjaan yang Dapat Dicatat²⁾                                                                                                             Recordable Work-Related Injuries²⁾
                                                         Kasus
 Jumlah LTI dengan Disabilitas                                                                     0                         0                       0            Number of LTI with Disability
                                                          Case
                                                         Kasus
 Jumlah LTI tanpa Disabilitas                                                                      0                         1                       1        Number of LTI without Disability
                                                          Case
                                                         Kasus
 Jumlah Non-LTI3)                                                                                  5                         1                       3                        Number of Non-LTI3)
                                                          Case
 Jumlah Cedera terkait                                   Kasus                                                                                                     Number of Recordable Work-
                                                                                                   5                         2                       4
 Pekerjaan yang Dapat Dicatat                             Case                                                                                                                 Related Injuries
                                                Per 1 Juta Jam Kerja
 Recordable Injury Rate                                                                        0,88                      0,36                    0,75                       Recordable Injury Rate
                                              Per 1 Million Man Hours
 Lost Time Injury Frequency                     Per 1 Juta Jam Kerja                                                                                           Lost Time Injury Frequency Rate
                                                                                               0,00                      0,18                    0,19
 Rate (LTIFR)                                 Per 1 Million Man Hours                                                                                                                 (LTIFR)
 1)
    Seluruh kecelakaan kerja, yang mencakup LTI, non-LTI, serta kerusakan properti signifikan yang menyebabkan hilangnya fungsi atau menimbulkan kerugian besar (lebih dari Rp10 juta).
 2)
    LTI (Lost Time Injuries): Cedera yang menyebabkan kehilangan hari kerja.
 3)
    Non-LTI: Cedera ringan yang tidak menyebabkan kehilangan hari kerja.
 1)
    All work-related incidents, including LTIs, non-LTIs, and significant property damage that results in loss of function or substantial financial loss (exceeding Rp10 million).
 2)
    LTI (Lost Time Injuries): Injuries that result in lost workdays.
 3)
    Non-LTI: Minor injuries that do not result in lost workdays.




2025 Annual Report & Sustainability Report                                                        309                                                                      PT Hexindo Adiperkasa Tbk

Page 310
 Ikhtisar 2025 | 2025 Highlights                                                   Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                             Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                               Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Kecelakaan Kerja berdasarkan Lokasi
Work-Related Injuries by Location
                  Uraian                              FY2025            FY2024                      FY2023                              Description
 Kantor, Workshop, dan Warehouse                                0                   1                          2                   Office, Workshop, and Warehouse
 Site (Tambang dan Perkebunan)                                  6                   1                          1                       Site (Mining and Plantation)
 Pelabuhan                                                      0                   0                          0                                        At the Port
 Perjalanan                                                     7                   8                          9                                   During the Trip
 Jumlah                                                        13                 10                          12                                             Total


PERFORMA K3                                                                        OHS PERFORMANCE
Sebagai bentuk komitmen terhadap penerapan Keselamatan                             As part of its commitment to implementing Occupational
dan Kesehatan Kerja (K3), Perseroan berhasil meraih berbagai                       Health and Safety (OHS), the Company received various awards
penghargaan dari lembaga pemerintah dan mitra terkait.                             from government institutions and business partners. The
Adapun penghargaan yang diperoleh sebagai bentuk apresiasi                         awards presented below reflect recognition of the Company's
atas kinerja K3 Perusahaan sepanjang tahun buku 2025 adalah                        OHS performance throughout the 2025 financial year:
sebagai berikut:


Penghargaan K3
OHS Awards
                                Penghargaan                                  Tanggal                                   Pemberi Penghargaan
 No                                  Awards                                       Date                                         Awarded by
 Proyek Adaro
 Adaro Project
        Nihil Kecelakaan                                              Juni 2025                      Pemerintah Provinsi Kalimantan Selatan
   1
        Zero Accident                                                 June 2025                      South Kalimantan Provincial Government
   2    Performance ZA                                                2025                           PT Saptaindra Sejati (SIS)
        Mitra Kerja Terbaik (Juara II)                                Februari 2026
   3                                                                                                 PT Bukit Makmur Mandiri Utama (BUMA)
        Best Business Partner (Second Place)                          February 2026
 Proyek Balikpapan
 Balikpapan Project
        P2 HIV/AIDS (Platinum)                                        Juni 2025                      Dinas Ketenagakerjaan Provinsi Kalimantan Timur
   4
        HIV/AIDS Prevention and Control Program (Platinum)            June 2025                      Department of Manpower of East Kalimantan Province
 Proyek Bengalon
 Bengalon Project
                                                                      Januari 2026
   5    Best Safety Performance Maintenance Subcontractor                                            KPP Mining
                                                                      January 2026
        Nihil Kecelakaan                                              Juni 2025                      Dinas Ketenagakerjaan Provinsi Kalimantan Timur
   6
        Zero Accident                                                 June 2025                      Department of Manpower of East Kalimantan Province
        Safety Accountability Terbaik                                 Juni 2025
   7                                                                                                 PT Darma Henwa
        Best Safety Accountability                                    June 2025
                                                                      Mei 2025
   8    LTI Free Manhours                                                                            PT Darma Henwa
                                                                      May 2025
 Proyek Kideco
 Kideco Project
        P2 HIV/AIDS (Platinum)                                        Februari 2026                  Kementerian Ketenagakerjaan RI
   9
        HIV/AIDS Prevention and Control Program (Platinum)            February 2026                  Ministry of Manpower of Indonesia
        P2 HIV/AIDS (Platinum)                                        Juni 2025                      Dinas Ketenagakerjaan Provinsi Kalimantan Timur
  10
        HIV/AIDS Prevention and Control Program (Platinum)            June 2025                      Department of Manpower of East Kalimantan Province
        P2 TBC (Platinum)                                             Juni 2025                      Dinas Ketenagakerjaan Provinsi Kalimantan Timur
  11
        Tuberculosis Prevention and Control Program (Platinum)        June 2025                      Department of Manpower of East Kalimantan Province
        President Director (Emas)                                     Februari 2026
  12                                                                                                 PT Kideco Jaya Agung
        President Director Award (Gold)                               February 2026
 Proyek Melak
 Melak Project
        Nihil Kecelakaan                                              Juni 2025                      Dinas Ketenagakerjaan Provinsi Kalimantan Timur
  13
        Zero Accident                                                 June 2025                      Department of Manpower of East Kalimantan Province
 Proyek Samarinda
 Samarinda Project
        P2 HIV/AIDS (Platinum)                                        Februari 2026                  Kementerian Ketenagakerjaan RI
  14
        HIV/AIDS Prevention and Control Program (Platinum)            February 2026                  Ministry of Manpower of Indonesia




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                                                                                                                                                     03

                               Penghargaan                               Tanggal                             Pemberi Penghargaan
 No                                 Awards                                    Date                                    Awarded by
 Proyek Sangatta
 Sangatta Project
         P2 HIV/AIDS (Gold)                                       Februari 2026               Kementerian Ketenagakerjaan RI
  15
         HIV/AIDS Prevention and Control Program (Gold)           February 2026               Ministry of Manpower of Indonesia
         P2 HIV/AIDS (Platinum)                                   Juni 2025                   Dinas Ketenagakerjaan Provinsi Kalimantan Timur
  16
         HIV/AIDS Prevention and Control Program (Platinum)       June 2025                   Department of Manpower of East Kalimantan Province
         P2 TBC (Platinum)                                        Juni 2025                   Dinas Ketenagakerjaan Provinsi Kalimantan Timur
  17
         Tuberculosis Prevention and Control Program (Platinum)   June 2025                   Department of Manpower of East Kalimantan Province
         Nihil Kecelakaan                                         Juni 2025                   Dinas Ketenagakerjaan Provinsi Kalimantan Timur
  18
         Zero Accident                                            June 2025                   Department of Manpower of East Kalimantan Province


PEMBERDAYAAN MASYARAKAT                                                        COMMUNITY EMPOWERMENT
Dalam rangka mendukung pembangunan berkelanjutan dan                           To support sustainable development and foster harmonious
menciptakan hubungan harmonis dengan masyarakat sekitar,                       relationships with surrounding communities, the Company
Perseroan secara konsisten melaksanakan berbagai inisiatif                     consistently implements various community empowerment
pemberdayaan masyarakat. Upaya ini diwujudkan melalui                          initiatives. These efforts are carried out through responsible
pengelolaan dampak operasional yang bertanggung jawab,                         management of operational impacts, the implementation of
pelaksanaan program Corporate Social Responsibility (CSR)                      well-planned Corporate Social Responsibility (CSR) programs,
yang terencana, serta kolaborasi aktif dengan para pemangku                    and active collaboration with stakeholders.
kepentingan.


Komitmen terhadap Tujuan Pembangunan                                           Commitment to the Sustainable Development Goals
Berkelanjutan (SDGs)                                                           (SDGs)
Sebagai wujud komitmen terhadap prinsip pembangunan                            As part of its commitment to sustainable development, the
berkelanjutan, Perseroan menetapkan 7 (tujuh) dari 17 (tujuh                   Company has identified 7 (seven) of the 17 (seventeen) United
belas) Tujuan Pembangunan Berkelanjutan (SDGs) yang                            Nations Sustainable Development Goals (SDGs) as the primary
diinisiasi oleh PBB sebagai fokus utama dalam implementasi                     focus of its Corporate Social Responsibility (CSR) programs.
program Tanggung Jawab Sosial dan Lingkungan (CSR).                            The following 7 (seven) SDGs represent the Company's key
Adapun 7 (tujuh) SDGs yang menjadi prioritas utama                             priorities:
Perseroan adalah sebagai berikut:


                                                                                         Pendidikan Berkualitas
                                                                                         Quality Education


                                                                                         Kesetaraan Gender
                                                                                         Gender Equality


                                                                                         Air Bersih dan Sanitasi Layak
                                                                                         Clean Water and Sanitation


                                                                                         Energi Bersih dan Terjangkau
                                                                                         Affordable and Clean Energy


                                                                                         Pekerjaan Layak dan Pertumbuhan Ekonomi
                                                                                         Decent Work and Economic Growth


                                                                                         Industri, Inovasi, dan Infrastruktur
                                                                                         Industy, Innovation, and Infrastructure


                                                                                         Konsumsi dan Produksi yang Bertanggung Jawab
                                                                                         Responsible Consumption and Production




2025 Annual Report & Sustainability Report                             311                                                        PT Hexindo Adiperkasa Tbk

Page 312
 Ikhtisar 2025 | 2025 Highlights                                                       Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                 Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                   Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Sebagai tindak lanjut dari komitmen tersebut, Perseroan                                As a follow-up to this commitment, the Company has
merumuskan Kerangka Kerja CSR bertema “Pemberdayaan                                    established a CSR Framework under the theme "Social
Sosial untuk Kehidupan yang Lebih Baik” yang berlandaskan                              Empowerment for a Better Life" which is built upon the
pada 4 (empat) pilar, yaitu:                                                           following 4 (four) pillars:


Kerangka Kerja CSR Hexindo
Hexindo CSR Framework




                                                 Pemberdayaan Sosial untuk Kehidupan yang Lebih Baik
                                                                  Social Empowerment for Better Life




                         Pendidikan                          Lingkungan                         Kesehatan                              Sosial dan
                          Education                             Hidup                              Health                               Budaya
                                                             Environment                                                           Social and Culture




                                                                      Kerangka Kerja CSR Hexindo
                                                                         Hexindo’s CSR Framework




Kerangka tersebut menjadi acuan pelaksanaan program CSR                                The framework serves as the foundation for implementing
Perseroan agar selaras dengan inisiatif keberlanjutan Hitachi                          the Company's CSR programs, ensuring alignment with
Construction Machinery (HCM) Jepang, serta dilaksanakan                                Hitachi Construction Machinery (HCM) Japan's sustainability
melalui kolaborasi dengan pemangku kepentingan strategis,                              initiatives. Its implementation is carried out through
seperti lembaga pendidikan, LSM, pemerintah daerah, dan                                close collaboration with strategic stakeholders, including
komunitas lokal. Sejalan dengan hal tersebut, Perseroan                                educational institutions, non-governmental organizations
menetapkan sejumlah program unggulan yang dinilai paling                               (NGOs), local governments, and local communities. In line
relevan dan berdampak, antara lain:                                                    with this commitment, the Company has established several
                                                                                       flagship programs that are considered the most relevant and
                                                                                       impactful, as follows:




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           Program Air Bersih dan Sanitasi                                                                   Kemitraan untuk Mencapai Tujuan
                                                         Program Pendidikan Berkualitas                      (Aspek Lingkungan)
           Layak
                                                         Quality Education Program                           Partnership for the Goals Program
           Clean Water and Sanitation Program
                                                                                                             (Environmental Aspect)




                Tujuan | Goals                               Tujuan | Goals                                       Tujuan | Goals

   Mendukung komunitas lokal di daerah           Menyediakan fasilitas pendidikan dan                Berpartisipasi dalam meningkatkan
   pascabencana dalam penyediaan air             menginspirasi siswa untuk meraih citacita           kesadaran lingkungan dan memberikan
   bersih dan sanitasi yang layak.               melalui berbagi pengetahuan.                        manfaat ekonomi bagi masyarakat.
   To support local communities in               To provide educational facilities and inspire       To participate in raising environmental
   postdisaster areas by providing access to     students to pursue their aspirations through        awareness and providing economic benefits
   clean water and proper sanitation.            the sharing of knowledge.                           to the community.




                Inisiatif | Initiatives                      Inisiatif | Initiatives                              Inisiatif | Initiatives

   Penyediaan fasilitas sanitasi (toilet         Donasi infrastruktur dalam bentuk buku              Kegiatan penanaman pohon dan
   dan tangki air) serta penyelenggaraan         dan keranjang penyimpanan, serta Kelas              penyediaan program pendidikan dan
   seminar kesehatan untuk warga.                Inspirasi yang diadakan oleh Top/Middle             pembelajaran.
   Provision of sanitation facilities (toilets   Management.                                         Tree planting activities and the provision of
   and water tanks) and the organization of      Infrastructure donations in the form of books       educational and learning programs.
   health seminars for residents.                and storage baskets, as well as Inspiration
                                                 Classes conducted by top/middle management.


            Pemangku Kepentingan yang Terlibat           Pemangku Kepentingan yang Terlibat                  Pemangku Kepentingan yang Terlibat
            Stakeholder Involved                         Stakeholder Involved                                Stakeholder Involved

   LSM lokal untuk membangun fasilitas.          Perwakilan pelanggan dan lembaga                    LSM dan pemerintah daerah mendukung
   Local NGOs to build facilities.               pendidikan.                                         penyediaan bibit dan memfasilitasi
                                                 Customer representatives and educational            seminar.
                                                 institutions.                                       NGOs and local government to support
                                                                                                     seedling provision and facilitate seminars




Program TJSL [F.23, F.25]                                                   CSR Programs
Program CSR Perseroan dirancang dan diajukan sebelum                        The Company's CSR programs are planned and proposed prior
tahun buku berjalan, lengkap dengan alokasi anggaran yang                   to the beginning of each financial year, accompanied by an
sesuai. Dalam proses perencanaannya, Perusahaan melakukan                   appropriate budget allocation. During the planning process,
interaksi langsung dengan pemangku kepentingan seperti                      the Company engages directly with stakeholders, including
pemerintah daerah, tokoh masyarakat, dan LSM guna                           local governments, community leaders, and non-governmental
memahami kebutuhan riil di lapangan. Hal ini bertujuan                      organizations (NGOs), to better understand the actual needs
untuk memastikan bahwa program CSR memberikan manfaat                       of the communities. This approach is intended to ensure that
optimal sesuai dengan harapan masyarakat.                                   CSR programs deliver optimal benefits in line with community
                                                                            expectations.


Penanggung jawab pelaksanaan program CSR adalah                             The implementation of the Company's CSR programs is
Corporate Communication Section di bawah Departemen                         overseen by the Corporate Communication Section under
Corporate Planning & SMO. Unit ini bertugas untuk                           the Corporate Planning & SMO Department. This unit
merencanakan, melaksanakan, memantau, mengevaluasi,                         is responsible for planning, implementing, monitoring,
dan melakukan perbaikan terhadap program CSR. Selain itu,                   evaluating, and continuously improving CSR initiatives. In
Corporate Communication Section juga berkoordinasi dengan                   addition, the Corporate Communication Section coordinates
kantor cabang, proyek, dan pihak eksternal untuk mencapai                   with branch offices, project sites, and external stakeholders to
target program secara efektif.                                              ensure the effective achievement of program objectives.

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 Ikhtisar 2025 | 2025 Highlights                                                 Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                           Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                             Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Pada tahun buku 2025, total biaya yang dialokasikan untuk                        During the 2025 financial year, the total budget allocated for
program CSR tercatat sebesar USD55.090. Dana tersebut                            CSR programs amounted to USD55,090. These funds were
digunakan untuk merealisasikan sejumlah program CSR                              utilized to implement various CSR initiatives throughout the
yang telah dilaksanakan sepanjang tahun, antara lain sebagai                     year, as follows:
berikut:




                                                                      Education for All
 Akses terhadap pendidikan yang berkualitas merupakan salah satu fondasi       Access to quality education is one of the fundamental pillars in developing
 penting dalam membangun sumber daya manusia yang unggul dan                   capable and competitive human resources. Nevertheless, limited educational
 berdaya saing. Namun demikian, keterbatasan sarana pembelajaran serta         facilities and inadequate access to reading materials remain challenges in a
 akses terhadap bahan bacaan yang memadai masih menjadi tantangan              number of regions across Indonesia. These conditions highlight the importance
 di sejumlah wilayah di Indonesia. Kondisi tersebut mendorong perlunya         of collaboration among various stakeholders to foster a more inclusive and high-
 kolaborasi berbagai pihak untuk mendukung terciptanya lingkungan              quality learning environment.
 belajar yang lebih inklusif dan berkualitas.

 Sebagai wujud komitmen terhadap pembangunan berkelanjutan, Perseroan          As part of its commitment to sustainable development, the Company consistently
 secara konsisten melaksanakan program tanggung jawab sosial perusahaan        implements its Corporate Social Responsibility (CSR) initiatives through the
 (Corporate Social Responsibility/CSR) melalui pilar Education for All.        Education for All pillar. The program focuses on improving literacy, expanding
 Program ini difokuskan pada peningkatan literasi, perluasan akses terhadap    access to learning resources, and supporting the development of future
 sumber belajar, serta pengembangan potensi generasi muda melalui              generations through educational facilities and inspirational learning activities.
 penyediaan fasilitas pendidikan dan kegiatan edukatif.
 Pada Tahun Buku 2025, Perseroan menyalurkan donasi buku nonpelajaran          In FY2025, the Company donated non-textbook reading materials to 4 (four)
 kepada 4 (empat) Sekolah Dasar (SD) di Pontianak dan Merauke pada             elementary schools in Pontianak and Merauke on November 3 and 5, 2025. In
 3 dan 5 November 2025. Selain itu, Perseroan juga menyelenggarakan            addition, the Company organized an Inspirational Class at SMKN 52 Jakarta on
 kegiatan Kelas Inspirasi di SMKN 52 Jakarta pada 22 Oktober 2025 yang         October 22, 2025, which was accompanied by the inauguration of a renovated
 dirangkaikan dengan peresmian renovasi lapangan basket sebagai bagian         basketball court as part of its efforts to provide a more conducive learning
 dari upaya menciptakan lingkungan belajar yang lebih nyaman serta             environment while encouraging students' character development and creativity.
 mendorong pengembangan karakter dan kreativitas peserta didik.

 Sejak pertama kali dilaksanakan pada tahun 2016, program Education for        Since its launch in 2016, the Education for All program has reached more than
 All telah menjangkau lebih dari 62 sekolah di 18 kota di Indonesia dengan     62 schools across 18 cities in Indonesia through the distribution of over 20,000
 penyaluran lebih dari 20.000 buku nonpelajaran. Melalui keberlanjutan         non-textbook reading materials. Through the continued implementation of this
 program ini, Perseroan berharap dapat terus memberikan kontribusi             program, the Company seeks to make a meaningful contribution to improving
 nyata terhadap peningkatan kualitas pendidikan sekaligus mendukung            the quality of education while supporting sustainable community development.
 terwujudnya pembangunan masyarakat yang berkelanjutan.




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                                             Donasi Kemanusiaan bagi Korban Bencana Banjir di Sumatra
                                              Humanitarian Assistance for the Victims of the Sumatra Floods
 Bencana banjir yang melanda sejumlah wilayah di Sumatra memberikan           Floods that struck several areas in Sumatra had a significant impact on
 dampak yang signifikan terhadap aktivitas masyarakat, infrastruktur,         local communities, infrastructure, and regional economic recovery. These
 serta proses pemulihan ekonomi di daerah terdampak. Kondisi tersebut         conditions highlighted the importance of collaboration among various
 mendorong perlunya kolaborasi berbagai pihak dalam mempercepat               stakeholders to accelerate emergency response efforts and support post-
 penanganan darurat dan mendukung proses rehabilitasi pascabencana.           disaster rehabilitation.
 Sebagai bentuk kepedulian terhadap masyarakat serta komitmen dalam           As part of its commitment to Corporate Social Responsibility (CSR), the
 menjalankan tanggung jawab sosial perusahaan (Corporate Social               Company actively participated in disaster relief initiatives by providing
 Responsibility/CSR), Perseroan berpartisipasi aktif dalam mendukung          humanitarian assistance and operational support to affected communities.
 upaya penanggulangan bencana melalui penyediaan bantuan kemanusiaan
 dan dukungan operasional di lokasi terdampak.

 Pada November 2025, PT Hexindo Adiperkasa Tbk menyalurkan bantuan            In November 2025, PT Hexindo Adiperkasa Tbk supported flood recovery
 pemulihan banjir di Sumatra melalui penyediaan 1 (satu) unit ekskavator      efforts in Sumatra by deploying 1 (one) Hitachi ZX210F-5G excavator and
 Hitachi ZX210F-5G dan 1 (satu) unit crawler carrier Morooka MST800           1 (one) Morooka MST800 crawler carrier to assist evacuation activities
 untuk mendukung proses evakuasi serta pemulihan infrastruktur. Selain itu,   and infrastructure restoration. In addition, the Company donated
 Perseroan juga menyalurkan donasi kemanusiaan sebesar Rp104.678.705          Rp104,678,705 in humanitarian aid to help address the immediate needs of
 guna membantu pemenuhan kebutuhan masyarakat terdampak.                      affected communities.

 Melalui inisiatif tersebut, Perseroan berharap dapat berkontribusi dalam     Through this initiative, the Company aims to contribute to accelerating
 mempercepat proses pemulihan pascabencana sekaligus memberikan               post-disaster recovery while delivering meaningful benefits to the affected
 manfaat nyata bagi masyarakat. Program ini juga mencerminkan komitmen        communities. The program also reflects the Company's commitment to
 Perseroan untuk senantiasa hadir dan memberikan dukungan pada saat           standing alongside society by providing timely support during emergencies
 masyarakat menghadapi situasi darurat maupun tantangan kemanusiaan.          and humanitarian challenges.




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 Ikhtisar 2025 | 2025 Highlights                                                      Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                  Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




                                                     Pembangunan Fasilitas Sanitasi di Cipinang Besar Utara
                                                     Construction of Sanitation Facilities in Cipinang Besar Utara
 Akses terhadap fasilitas sanitasi yang layak merupakan salah satu faktor           Access to adequate sanitation facilities is a key factor in improving
 penting dalam meningkatkan kualitas kesehatan dan kesejahteraan                    public health and overall community well-being. However, a number of
 masyarakat. Namun demikian, masih terdapat wilayah yang menghadapi                 communities still face limited access to proper sanitation infrastructure,
 keterbatasan sarana sanitasi sehingga memerlukan dukungan berbagai                 highlighting the need for collaborative efforts to create healthier and more
 pihak untuk menciptakan lingkungan yang lebih sehat dan layak huni.                livable environments.


 Sebagai bentuk komitmen terhadap pembangunan berkelanjutan,                        As part of its commitment to sustainable development, the Company
 Perseroan secara konsisten menjalankan program tanggung jawab sosial               consistently implements its Corporate Social Responsibility (CSR)
 perusahaan (Corporate Social Responsibility/CSR) melalui pilar Hygiene             initiatives through the Hygiene for All pillar. The program is designed to
 for All. Program ini bertujuan meningkatkan akses masyarakat terhadap              improve community access to proper sanitation facilities while promoting
 fasilitas sanitasi yang memadai sekaligus mendukung terciptanya perilaku           clean and healthy living practices.
 hidup bersih dan sehat.

 Pada 15 Januari 2026, PT Hexindo Adiperkasa Tbk melaksanakan program               On January 15, 2026, PT Hexindo Adiperkasa Tbk carried out a sanitation
 pembangunan fasilitas sanitasi di Kelurahan Cipinang Besar Utara, Jakarta          facility development program in Cipinang Besar Utara, East Jakarta,
 Timur, melalui pembangunan 2 (dua) unit kamar mandi dan 5 (lima)                   through the construction of 2 (two) bathrooms and 5 (five) toilets serving
 unit WC yang diperuntukkan bagi 83 Kepala Keluarga (KK). Program ini               83 households. The program was implemented in collaboration with the
 dilaksanakan bekerja sama dengan Palang Merah Indonesia (PMI) Kota                 Indonesian Red Cross (PMI) of East Jakarta as part of a joint effort to
 Jakarta Timur sebagai bentuk kolaborasi dalam meningkatkan kualitas                improve community well-being.
 hidup masyarakat.

 Sejak pertama kali dilaksanakan pada FY2021, program Hygiene for All telah         Since its inception in FY2021, the Hygiene for All program has been
 direalisasikan di berbagai wilayah, antara lain Donggala, Sumatra Barat,           implemented in several regions, including Donggala, West Sumatra,
 Jakarta Timur, dan Cianjur. Melalui keberlanjutan program ini, Perseroan           East Jakarta, and Cianjur. Through the continuation of this initiative,
 berharap dapat terus berkontribusi dalam meningkatkan akses masyarakat             the Company aims to further improve community access to proper
 terhadap sanitasi yang layak serta mendukung terciptanya lingkungan yang           sanitation facilities while supporting healthier and more sustainable living
 lebih sehat dan berkelanjutan.                                                     environments.




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                                                                 Plantation di Sentul
                                                                 Plantation in Sentul
 Pelestarian lingkungan merupakan bagian penting dari upaya menjaga          Environmental conservation plays an important role in maintaining
 keseimbangan ekosistem dan mendukung keberlanjutan kehidupan bagi           ecosystem balance and supporting a sustainable future for generations to
 generasi mendatang. Oleh karena itu, diperlukan kolaborasi berbagai pihak   come. Accordingly, collaboration among various stakeholders is essential to
 dalam meningkatkan tutupan vegetasi serta menjaga kelestarian lingkungan    enhance green cover and preserve the environment through conservation
 melalui berbagai kegiatan konservasi.                                       initiatives.

 Sebagai bentuk komitmen terhadap pembangunan berkelanjutan,                 As part of its commitment to sustainable development, the Company
 Perseroan secara konsisten melaksanakan program tanggung jawab sosial       consistently implements its Corporate Social Responsibility (CSR)
 perusahaan (Corporate Social Responsibility/CSR) melalui pilar Nature for   initiatives through the Nature for All pillar. The program aims to support
 All. Program ini bertujuan mendukung pelestarian lingkungan sekaligus       environmental conservation while raising public awareness of the
 meningkatkan kesadaran masyarakat akan pentingnya menjaga ekosistem         importance of protecting ecosystems and natural resources.
 dan sumber daya alam.

 Pada 18 Februari 2026, PT Hexindo Adiperkasa Tbk menyelenggarakan           On February 18, 2026, PT Hexindo Adiperkasa Tbk organized the Plantation
 kegiatan Plantation "Back to Nature" di Sentul melalui penanaman 570        "Back to Nature" program in Sentul by planting 570 matoa tree seedlings as
 bibit pohon matoa sebagai upaya mendukung penghijauan dan pelestarian       part of its efforts to promote reforestation and environmental conservation.
 lingkungan.

 Sejak pertama kali dilaksanakan pada tahun 2017, program Nature             Since its launch in 2017, the Nature for All program has remained an
 for All terus menjadi bagian dari komitmen berkelanjutan Perseroan          integral part of the Company's long-term commitment to preserving the
 dalam menjaga kelestarian lingkungan di berbagai wilayah Indonesia.         environment across various regions of Indonesia. Through this initiative,
 Melalui program ini, Perseroan berharap dapat memberikan kontribusi         the Company seeks to make a meaningful contribution to improving
 nyata terhadap peningkatan kualitas lingkungan sekaligus mendukung          environmental quality while supporting a greener and more sustainable
 terciptanya masa depan yang lebih hijau dan berkelanjutan.                  future.


Pengaduan Masyarakat [F.24]                                                   Community Grievance Mechanism
Hingga akhir tahun buku 2025, Perseroan belum menyediakan                     As of the end of the 2025 financial year, the Company had
saluran khusus untuk menerima keluhan dan/atau pengaduan                      not established a dedicated channel to receive complaints
dari masyarakat terkait dampak isu sosial dan lingkungan yang                 and/or grievances from the public regarding the social and
timbul dari aktivitas operasional Perusahaan. Meski demikian,                 environmental impacts arising from its operational activities.
masyarakat tetap dapat menyampaikan pengaduan dan/atau                        Nevertheless, members of the public may submit complaints
keluhannya melalui saluran Whistleblowing System (WBS),                       and/or grievances through the Company's Whistleblowing
surat elektronik, media sosial, situs web serta ke kantor pusat,              System (WBS), email, social media platforms, corporate
cabang, dan project terdekat.                                                 website, or by contacting the nearest Head Office, Branch
                                                                              Office, and project site.


Sepanjang tahun buku 2025, tidak terdapat keluhan maupun                      Throughout the 2025 financial year, the Company did not
pengaduan dari masyarakat yang diterima oleh Perseroan                        receive any complaints or grievances from the public regarding
terkait dampak negatif yang timbul akibat kegiatan bisnis                     adverse impacts arising from its business activities or products.
maupun produk Perusahaan.




2025 Annual Report & Sustainability Report                              317                                                     PT Hexindo Adiperkasa Tbk

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 Ikhtisar 2025 | 2025 Highlights                                             Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                       Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                         Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Aspek Produk dan Jasa
Products and Services Aspect




                                                                      Kesehatan dan Keamanan Konsumen
                      Topik Material                                  Customer Health and Safety
                      yang Tercakup [3-2]
                      Material Topic Covered




KOMITMEN TERHADAP KEBERLANJUTAN                                              COMMITMENT TO SOCIAL SUSTAINABILITY
SOSIAL [3-3]
Produk alat berat memiliki implikasi keselamatan yang                        Heavy equipment products have critical safety implications for
kritis terhadap keselamatan pengguna, sehingga Perusahaan                    users. Therefore, the Company is responsible for ensuring the
bertanggung jawab untuk memastikan kualitas dan keamanan                     quality and safety of every product it distributes.
produk yang didistribusikan.


Dampak dan Pengelolaan Dampak [E.5]                                          Impact and Impact Management
Operasional Hexindo berpotensi menimbulkan dampak                            Hexindo's operations may generate environmental and
lingkungan dan sosial, seperti emisi, kebisingan, dan gangguan               social impacts, including emissions, noise, and ecosystem
ekosistem. Untuk memitigasinya, Perseroan mematuhi regulasi                  disturbance. To mitigate these impacts, the Company complies
nasional dan internasional serta menghindari kerja sama                      with applicable national and international regulations and
dengan pihak berisiko tinggi. Selain itu, penyediaan produk                  avoids engaging with high-risk counterparties. In addition,
ramah lingkungan turut mendukung pengurangan emisi dan                       the provision of environmentally friendly products supports
peningkatan efisiensi, sekaligus menjaga keselamatan dan                     emission reduction and operational efficiency while enhancing
keandalan operasional melalui penerapan sistem pemantauan                    safety and equipment reliability through the implementation of
real-time.                                                                   real-time monitoring systems.


Komitmen dan Kebijakan                                                       Commitment and Policies
Perseroan berkomitmen untuk melindungi hak konsumen                          The Company is committed to protecting consumer rights in
sebagaimana diatur dalam UU No. 8 Tahun 1999, serta                          accordance with Law No. 8 of 1999 on Consumer Protection
memastikan penyediaan produk dan layanan secara adil dan                     and to providing fair, high-quality products and services.
berkualitas. Komitmen ini didukung oleh sertifikasi ISO                      This commitment is supported by ISO 9001:2015 certification
9001:2015 untuk proses penjualan, distribusi, dan layanan                    covering sales, distribution, and after-sales service processes.
purna jual. Selain itu, Perusahaan juga menerapkan kebijakan                 The Company also enforces a policy prohibiting transactions
larangan transaksi dengan entitas berisiko tinggi, selaras                   with high-risk entities in line with the guidelines of HCM
dengan pedoman dari HCM Jepang. Selain itu, Hexindo hanya                    Japan. Furthermore, Hexindo exclusively supplies products
menyediakan produk dari merek ternama seperti Hitachi,                       from reputable brands such as Hitachi, Bell, Dynapac, Foton,
Bell, Dynapac, Foton, dan Morooka yang didukung oleh                         and Morooka, supported by comprehensive spare parts
ketersediaan suku cadang, layanan purna jual responsif, dan                  availability, responsive after-sales services, and technical
pelatihan teknis bagi pelanggan.                                             training for customers.


Tindakan dan Efektivitas                                                     Actions and Effectiveness
Perseroan mengelola dampak operasional melalui pendekatan                    The Company manages its operational impacts through
pencegahan, mitigasi, dan penguatan dampak positif.                          preventive measures, mitigation initiatives, and programs
Upaya ini mencakup remanufaktur komponen berstandar                          designed to enhance positive outcomes. These efforts include
Hitachi, pemanfaatan E-Service (GES) untuk pemantauan                        Hitachi-standard component remanufacturing, the utilization


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                                                                                                                                      03

preventif, serta pelatihan teknis bagi operator. Dampak                  of the Global E-Service (GES) platform for preventive
negatif ditangani melalui distribusi suku cadang secara real-            monitoring, and technical training for equipment operators.
time dan pengendalian mutu ketat. Selain itu, inovasi produk             Potential adverse impacts are addressed through real-time spare
ramah lingkungan dan layanan berbasis teknologi terus                    parts distribution and stringent quality control processes. In
dikembangkan untuk memperkuat kontribusi positif secara                  addition, the Company continues to develop environmentally
berkelanjutan.                                                           friendly products and technology-based services to strengthen
                                                                         its long-term positive contribution.


Keterlibatan Pemangku Kepentingan                                        Stakeholder Engagement
Bentuk keterlibatan pemangku kepentingan Perseroan dalam                 The Company's stakeholder engagement in managing product
pengelolaan dampak produk dan layanan mencakup:                          and service impacts includes:
•     Survei kepuasan pelanggan sebagai dasar perbaikan                  •    Customer satisfaction surveys as a basis for continuous
      berkelanjutan;                                                          improvement;
•     Penyediaan saluran komunikasi terbuka melalui website,             •    Open communication channels through the Company's
      telepon, dan email untuk menampung keluhan serta                        website, telephone, and email to receive complaints and
      permintaan informasi;                                                   information requests;
•     Pelatihan       operator      dan      teknisi   guna   menjamin   •    Operator and technician training to ensure safe equipment
      pengoperasian yang aman; serta                                          operation; and
•     Kolaborasi dengan prinsipal terpercaya untuk memastikan            •    Collaboration with trusted principals to ensure product
      kualitas produk dan dukungan teknis yang optimal.                       quality and optimal technical support.


KUALITAS SERTA KEAMANAN PRODUK DAN                                       PRODUCT AND SERVICE QUALITY AND
JASA                                                                     SAFETY
Hexindo berkomitmen untuk menghadirkan produk dan                        Hexindo is committed to delivering safe, high-quality products
layanan yang aman, berkualitas, serta sesuai dengan standar              and services that comply with national and international
nasional dan internasional. Seluruh upaya difokuskan untuk               standards. These efforts are focused on ensuring customer
menjamin kepuasan dan perlindungan pelanggan secara                      satisfaction and protection on a sustainable basis.
berkelanjutan.


Perlindungan Hak Pelanggan                                               Customer Rights Protection
Sebagai bagian dari grup perusahaan global, Hexindo                      As part of a global corporate group, Hexindo implements
menerapkan praktik bisnis yang selaras dengan pedoman                    business practices aligned with the guidelines of its parent
perusahaan induk di Jepang, khususnya dalam menjaga                      company in Japan, particularly in maintaining integrity
integritas melalui kebijakan anti-transaksi dengan pihak-                through its policy against transactions with high-risk parties.
pihak berisiko. Dalam menjalankan operasionalnya, Hexindo                In conducting its operations, Hexindo ensures compliance
memastikan kepatuhan terhadap regulasi global maupun                     with both global and national regulations by strictly avoiding
nasional dengan secara ketat menghindari transaksi dengan                transactions with parties included on United Nations sanctions
pihak yang tercantum dalam daftar hitam PBB atau yang terlibat           lists or involved in terrorism or narcotics-related activities.
dalam aktivitas terorisme dan narkotika. Komitmen ini juga               This commitment is also consistent with Law No. 8 of 1999 on
sejalan dengan UU No. 8 Tahun 1999 tentang Perlindungan                  Consumer Protection, under which Hexindo places customer
Konsumen, di mana Hexindo menempatkan hak pelanggan                      rights as a top priority, including ensuring the safety of the
sebagai prioritas utama, termasuk dalam menjamin keamanan                products and services it provides.
produk dan layanan yang diberikan.


Komitmen terhadap Produk dan Jasa yang Setara                            Commitment to Equal Products and Services for
Kepada Pelanggan [F.17]                                                  Customers
Perseroan berkomitmen untuk menyediakan produk dan                       The Company is committed to providing high-quality
layanan berkualitas tinggi bagi seluruh pelanggan tanpa                  products and services to all customers without discrimination.
diskriminasi. Komitmen ini didukung oleh sertifikasi sistem              This commitment is supported by ISO 9001:2015 Quality
manajemen mutu ISO 9001:2015 untuk seluruh proses                        Management System certification covering all sales, heavy


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 Ikhtisar 2025 | 2025 Highlights                                                    Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                              Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




penjualan, distribusi alat berat, dan jasa pertambangan di                          equipment distribution, and mining services conducted at
Kantor Pusat, Cabang Jakarta, Cabang Balikpapan, Product                            the Head Office, Jakarta Branch, Balikpapan Branch, Product
Support,     serta      Remanufacturing           Balikpapan.         Sertifikasi   Support Division, and Balikpapan Remanufacturing Facility.
ini menjadi bukti kesesuaian Hexindo dengan standar                                 This certification demonstrates Hexindo's compliance with
internasional dalam menjamin kualitas produk dan layanan.                           international standards in ensuring product and service quality.


Sebagai bagian dari komitmen tersebut, Hexindo menawarkan                           As part of this commitment, Hexindo offers heavy equipment
alat berat dari merek ternama, seperti Hitachi, Bell, Foton,                        from leading brands, including Hitachi, Bell, Foton, Morooka,
Morooka dan Dynapac untuk berbagai sektor seperti                                   and Dynapac, serving industries such as mining, construction,
pertambangan, konstruksi, perkebunan, dan kehutanan.                                plantations, and forestry. The Company's key capabilities
Adapun dukungan yang Perseroan miliki, antara lain:                                 include:
1.   Layanan lengkap                                                                1.     Comprehensive Services
     Remanufaktur            komponen          dengan        garansi      setara           Component remanufacturing with warranties equivalent
     baru, welding center berkualitas, dan e-service untuk                                 to new components, a high-quality Welding Center,
     pemantauan alat berat secara real-time.                                               and e-service solutions for real-time heavy equipment
                                                                                           monitoring.
2.   Suku cadang                                                                    2.     Spare Parts
     Tersedia lebih dari 88.000 item dengan distribusi cepat di                            More than 88,000 spare parts are available through a
     seluruh Indonesia.                                                                    nationwide fast distribution network.
3.   Pelatihan                                                                      3.     Training
     Program peningkatan kompetensi teknis dan manajerial                                  Technical and managerial competency development
     untuk tim Perseroan.                                                                  programs for the Company's personnel.


Perseroan memastikan bahwa seluruh pelanggan mendapatkan                            The Company ensures that all customers receive equal service
layanan setara, dukungan cepat, dan solusi tepat kebutuhan                          quality, prompt support, and solutions tailored to their
sesuai     dengan       komitmen         Perusahaan,         yaitu     kualitas,    operational requirements, in line with its commitment to
ketersediaan, dan kepuasan pelanggan.                                               quality, availability, and customer satisfaction.


Inovasi serta Pengembangan Produk dan Jasa [F.26]                                   Product and Service Innovation
Hexindo terus berinovasi dalam pengembangan produk dan                              Hexindo continues to innovate in product and service
layanan, baik dari segi teknologi, efisiensi operasional, maupun                    development by improving technology, operational efficiency,
dampak lingkungan. Berikut adalah beberapa inisiatif utama                          and environmental performance. Key initiatives include:
yang telah dilakukan:
1.   Produk Ramah Lingkungan                                                        1.     Environmentally Friendly Products
     Hexindo menyediakan alat berat dengan teknologi terkini                               Hexindo          provides         heavy      equipment        equipped
     yang dirancang untuk mengurangi dampak lingkungan,                                    with advanced technologies designed to minimize
     seperti: [B.1.d]                                                                      environmental impacts, including:
      •      Zero Tail Swing Mini Excavators                                               •      Zero Tail Swing Mini Excavators
             Model seperti ZX33U-5A dan ZX48U-5A dirancang                                        Models such as the ZX33U-5A and ZX48U-5A
             dengan fitur ramah lingkungan, termasuk tingkat                                      feature      environmentally          friendly    technologies,
             kebisingan rendah dan emisi gas buang rendah.                                        including low noise levels and reduced exhaust
             Desain zero tail swing memungkinkan alat ini                                         emissions. Their zero tail swing design enables safe
             beroperasi di ruang sempit tanpa risiko merusak                                      operation in confined spaces while minimizing the
             lingkungan sekitar. Selain itu, produk ini juga                                      risk of damage to surrounding areas. These models
             dilengkapi dengan fitur keselamatan, seperti TOPS                                    are also equipped with TOPS (Tip-Over Protective
             (Tip-Over Protective Structure) dan FOPS (Falling                                    Structure) and FOPS (Falling Object Protective
             Object Protective Structure) untuk meningkatkan                                      Structure) to enhance operator safety.
             perlindungan bagi operator.




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      •      Ekskavator Listrik (Electric Drive)                             •    Electric Drive Excavators
             Hexindo menghadirkan ekskavator listrik dalam seri                   Hexindo offers the EX3600E-6 and EX5600E-6
             EX3600E-6 dan EX5600E-6 yang mengandalkan                            electric excavators, which are powered by electricity
             tenaga listrik dan dapat mengurangi emisi gas                        and produce lower exhaust emissions while
             buang. Ekskavator listrik ini menawarkan performa                    delivering performance comparable to conventional
             setara dengan model konvensional namun dengan                        models.
             dampak lingkungan yang lebih rendah.
      •      Ekskavator Bertenaga Baterai                                    •    Battery-Powered Excavators
             HCM Jepang meluncurkan produk ZX55U-6EB,                             HCM Japan has introduced the ZX55U-6EB, the
             ekskavator 5-ton bertenaga baterai bebas emisi                       first zero-emission 5-ton battery-powered excavator
             pertama di pasar Eropa, untuk memenuhi kebutuhan                     launched in the European market. The model offers
             pelanggan akan alat berat berkelanjutan. Produk ini                  two operating options: a 39 kWh lithium-ion battery
             menawarkan dua opsi pengoperasian, yaitu baterai                     or a direct connection to a three-phase CEE 400VAC
             lithium-ion 39 kWh atau koneksi kabel langsung ke                    power supply.
             sumber listrik 3 fase CEE 400VAC.
      •      Wheel Loader dengan Hydrostatic Transmission                    •    Wheel Loaders with Hydrostatic Transmission
             (HST)                                                                (HST)
             Generasi terbaru wheel loader dari Hexindo kini                      The latest generation of Hexindo wheel loaders
             hadir dengan inovasi unggulan melalui penerapan                      features     Hydrostatic     Transmission       (HST)
             sistem Hydrostatic Transmission (HST). Teknologi                     technology, delivering improved fuel efficiency,
             ini memberikan berbagai keunggulan, mulai                            reduced noise and exhaust emissions, and enhanced
             dari peningkatan efisiensi bahan bakar hingga                        mobility across various working conditions, making
             pengurangan polusi suara dan emisi gas buang.                        them more energy-efficient and environmentally
             Selain itu, desain HST juga dapat meningkatkan                       friendly.
             mobilitas di berbagai medan kerja, sehingga
             menjadikan wheel loader ini sebagai solusi yang
             lebih hemat energi dan ramah lingkungan.


2.    Layanan Purna Jual Inovatif                                       2.   Innovative After-Sales Services
      Prseroan menghadirkan berbagai layanan purna jual                      The Company offers various innovative after-sales
      inovatif yang dirancang untuk meningkatkan efisiensi,                  services designed to improve efficiency, reliability, and
      keandalan, dan keberlanjutan, antara lain:                             sustainability, including:
      •      Global E-Service (GES)                                          •    Global E-Service (GES)
             Platform digital ini memungkinkan pelanggan                          This digital platform enables customers to monitor
             memantau kondisi alat berat mereka secara real-time,                 equipment conditions in real time, analyze machine
             menganalisis performa mesin, dan menjadwalkan                        performance, and schedule preventive maintenance,
             perawatan        preventif.     Layanan   ini   membantu             thereby reducing downtime and optimizing spare
             mengurangi          downtime      dan     mengoptimalkan             parts utilization.
             penggunaan suku cadang.
      •      Layanan Komponen Remanufaktur                                   •    Remanufacturing Component Services
             Komponen bekas diproses ulang di fasilitas                           Used components are restored at Hexindo's
             remanufaktur Hexindo hingga setara baru. Proses                      remanufacturing facility to a condition equivalent
             ini mengikuti standar ketat dari Hitachi dan                         to new products, following Hitachi's stringent
             disertai garansi performa, sehingga tidak hanya                      standards and supported by performance warranties.
             memperpanjang umur pakai produk, tetapi juga
             dapat mengurangi limbah.




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 Ikhtisar 2025 | 2025 Highlights                                                     Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                               Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                 Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




      •      Program Service Part Engineering (SPE)                                         •      Service Part Engineering (SPE) Program
             Perseroan        menyediakan          program            SPE    yang                  The SPE program includes:
             mencakup:
             a.     Technical         Analysis         Program,             berupa                  a.     Technical         Analysis     Program,        providing
                    pemeriksaan menyeluruh kinerja mesin/unit                                              comprehensive             machine    and     equipment
                    untuk memastikan kelayakan komponen.                                                   performance           assessments       to    determine
                                                                                                           component condition.
             b.     Inspeksi berkala sesuai masa garansi (2.000-                                    b.     Periodic inspections based on warranty periods
                    4.000 jam/unit).                                                                       (2,000–4,000 operating hours per unit).
             c.     Pemeriksaan          undercarriage         gratis       untuk                   c.     Complimentary undercarriage inspections to
                    menilai kondisi unit secara akurat.                                                    accurately assess equipment conditions.
             d.     Promosi suku cadang, pemasangan gratis                                          d.     Spare parts promotions, free installation
                    untuk komponen tertentu, serta garansi purna                                           for selected components, and after-sales
                    jual (part & service).                                                                 warranties covering both parts and services.


     Program SPE didukung oleh mekanik bersertifikasi,                               The SPE program is supported by certified mechanics,
     peralatan         canggih,         dan       fasilitas      berteknologi        advanced equipment, and state-of-the-art facilities, enabling
     tinggi, sehingga dapat membantu pelanggan dalam                                 customers to plan spare parts replacement more efficiently.
     merencanakan pergantian suku cadang secara efisien.


3.   Pengelolaan Suku Cadang yang Efisien                                            3.     Efficient Spare Parts Management
     Hexindo menerapkan sistem manajemen persediaan                                         Hexindo utilizes an advanced IBM-AS400 inventory
     mutakhir berbasis IBM-AS400 yang terhubung secara                                      management system connected in real time to its
     real-time dengan seluruh jaringan distribusi di Indonesia.                             nationwide distribution network. This system is supported
     Sistem ini didukung oleh:                                                              by:
      •      Gudang utama di Jakarta dan Balikpapan;                                        •      Main warehouses in Jakarta and Balikpapan;
      •      Koneksi dengan pusat suku cadang Hitachi di                                    •      Connectivity with Hitachi spare parts centers in
             Singapura dan Jepang; serta                                                           Singapore and Japan; and
      •      Lebih dari 88.000 item suku cadang yang tersebar di                            •      More than 88,000 spare parts available across
             seluruh Indonesia.                                                                    Indonesia.


     Inovasi ini dapat mempercepat perbaikan, mengurangi                                    This integrated system accelerates repairs, reduces
     pemborosan sumber daya, dan meminimalkan delay                                         resource waste, and minimizes operational delays.
     operasional.


Evaluasi serta Dampak Produk dan Jasa [F.27, F.28]                                   Product and Service Evaluation and Impacts
Industri alat berat berpotensi menimbulkan emisi, kebisingan,                        The heavy equipment industry may generate emissions, noise,
dan gangguan ekosistem, serta risiko downtime akibat                                 ecosystem disturbance, and operational downtime resulting
ketergantungan suku cadang impor. Namun, Perseroan                                   from reliance on imported spare parts. Nevertheless, the
memastikan bahwa seluruh produk dan layanan (100%) yang                              Company ensures that all of its products and services (100%)
ditawarkan telah memenuhi standar keamanan, keselamatan,                             comply with applicable safety, health, and quality standards,
dan kesehatan, sehingga dampak negatif yang timbul dapat                             thereby significantly minimizing potential adverse impacts.
diminimalkan secara signifikan. Komitmen ini diwujudkan                              This commitment is demonstrated through the following
melalui berbagai upaya, antara lain: [416-1]                                         measures:
1.   Prinsipal Berkualitas                                                           1.     High-Quality Principals
     Produk alat berat seperti excavator, wheel loader, dan                                 Heavy equipment products, including excavators, wheel
     dump truck disediakan oleh merek ternama (Hitachi, Bell,                               loaders, and dump trucks, are supplied by trusted brands
     Dynapac, Foton, Morooka) yang telah teruji keandalan                                   such as Hitachi, Bell, Dynapac, Foton, and Morooka, all
     dan keselamatannya.                                                                    recognized for their reliability and safety.




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2.    Proses Produksi dan Pengujian                                  2.   Production and Testing Processes
      •      Komponen remanufaktur dirakit ulang dan diuji                •    Remanufactured components are rebuilt and tested
             sesuai pedoman ketat Hitachi, dengan garansi setara               in accordance with Hitachi's stringent standards
             komponen baru.                                                    and are supported by warranties equivalent to new
                                                                               components.
      •      Layanan pengelasan (Welding Center) didukung                 •    Welding Center services are supported by regular
             oleh uji nondestruktif secara berkala serta mengikuti             non-destructive testing and follow Hitachi's standard
             prosedur standar Hitachi.                                         operating procedures.


3.    Dukungan Teknologi dan Pemantauan                              3.   Technology and Monitoring Support
      GES (Global E-Service) memungkinkan pemantauan real-                Global E-Service (GES) enables real-time monitoring of
      time unit pelanggan untuk mengurangi downtime dan                   customer equipment to reduce downtime and improve
      meningkatkan keamanan operasional, serta Monitoring                 operational safety and Excavator Monitoring Systems
      System pada excavator dapat mencatat data pergerakan                record movement and pressure data for preventive risk
      dan tekanan untuk analisis pencegahan risiko.                       analysis.


4.    Kepatuhan Lingkungan dan Keselamatan                           4.   Environmental and Safety Compliance
      Produk seperti mini excavator dirancang dengan emisi                Products such as mini excavators feature low-emission
      rendah dan reduksi kebisingan untuk konstruksi malam                and low-noise technologies suitable for nighttime
      hari, memenuhi standar ramah lingkungan. Selain itu,                construction activities. In addition, the Company's Rigid
      produk Rigid Dump Truck Perseroan juga menggunakan                  Dump Truck products are equipped with efficient and
      teknologi Cummins/ MTU yang efisien dan aman untuk                  reliable Cummins/MTU engine technology, designed to
      operasi pertambangan skala besar.                                   support safe and high-performance operations in large-
                                                                          scale mining environments.


5.    Suku Cadang dan Pemeliharaan                                   5.   Spare Parts and Maintenance
      •      Suku cadang asli dikelola dengan sistem Global               •    Genuine spare parts are managed through the
             Hitachi        dan didistribusikan melalui jaringan               Global Hitachi system and distributed via a real-
             real-time untuk memastikan ketersediaan dan                       time network to ensure availability and authenticity.
             orisinalitas.
      •      Penggunaan           Hitachi Lubricants, Filters, dan        •    Hitachi Lubricants, Filters, and Undercarriage
             Undercarriage           yang dirancang khusus untuk               components are specifically designed for extreme
             kondisi ekstrem memperpanjang usia produk dan                     operating conditions, extending product life and
             mengurangi risiko kerusakan.                                      reducing the risk of failure.


Dengan kolaborasi mitra terpercaya dan proses kontrol                Through collaboration with trusted business partners and
kualitas yang ketat, Hexindo menjamin keamanan produk/jasa           rigorous quality control processes, Hexindo ensures the safety
bagi pelanggan dari tahap produksi hingga purna jual. Melalui        of its products and services throughout the entire lifecycle,
berbagai upaya tersebut, tidak terdapat insiden ketidakpatuhan       from production to after-sales support. As a result of these
terkait dampak kesehatan dan keselamatan dari produk                 efforts, no incidents of non-compliance relating to the health
maupun jasa Perseroan yang terjadi di sepanjang tahun buku           and safety impacts of the Company's products or services were
2025.                                                                recorded during the 2025 financial year.




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Page 324
 Ikhtisar 2025 | 2025 Highlights                                                  Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                            Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                              Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Produk yang Ditarik Kembali dan/atau Layanan yang                                 Product Recalls and/or Service Discontinuation
Dihentikan [F.29]
Sistem jaminan kualitas untuk alat berat merek Hitachi                            The quality assurance system for Hitachi heavy equipment
mewajibkan Perseroan untuk memastikan bahwa setiap unit                           requires the Company to ensure that every unit delivered
yang dikirim ke pelanggan telah melalui prosedur Quality                          to customers has passed rigorous Quality Control (QC)
Control (QC) yang ketat. Setiap produk dari prinsipal harus                       procedures. Each product received from the principal
menjalani proses QC menyeluruh, mencakup pemeriksaan                              undergoes comprehensive QC inspections covering the
fisik dan fungsi semua komponen pada saat receiving di pabrik.                    physical condition and functionality of all components upon
Jika produk dinyatakan lulus QC (ditandai dengan status OK                        arrival. Once the product passes QC (indicated by an "OK"
dalam formulir inspeksi), maka tanggung jawab atas produk                         status on the inspection form), responsibility for the unit is
tersebut beralih ke Perseroan. Selanjutnya, prosedur QC                           transferred to the Company. A second QC inspection is then
kembali dilakukan sebelum unit dikirim ke pelanggan untuk                         conducted prior to customer delivery to ensure the equipment
memastikan bahwa alat berat memenuhi standar kualitas dan                         meets all quality standards and is fully ready for delivery.
dalam kondisi ready for delivery.


Untuk menjamin kepuasan pelanggan setelah penyerahan                              To maintain customer satisfaction following product delivery,
produk, Perseroan juga menjalankan layanan purna jual yang                        the Company also provides structured after-sales services
didukung oleh sistem operasional terstruktur dan sumber daya                      supported by an integrated operating system and qualified
yang mumpuni. Jaringan logistik yang terkoordinasi memastikan                     personnel. A coordinated logistics network ensures the timely
ketersediaan dan pengiriman komponen teknis secara tepat                          availability and delivery of technical components. In addition,
waktu. Selain itu, fasilitas workshop dan tim teknis Perseroan                    the Company's workshop facilities and technical teams remain
senantiasa siap memberikan dukungan maksimal, termasuk                            ready to provide comprehensive support, including digital
melalui sistem pemantauan digital yang memungkinkan deteksi                       monitoring systems that enable early detection of maintenance
dini atas kebutuhan perawatan atau perbaikan.                                     and repair requirements.


Dengan integrasi sistem QC, layanan purna jual yang                               Through the integration of stringent QC procedures,
terstruktur, serta SDM yang terlatih, tidak terdapat produk                       structured after-sales services, and a highly trained workforce,
Perseroan yang ditarik kembali atau layanan yang dihentikan                       the Company recorded no product recalls or service
karena alasan teknis maupun nonteknis di sepanjang tahun                          discontinuations due to either technical or non-technical
buku 2025. [416-2]                                                                reasons throughout the 2025 financial year.


KESELAMATAN, KESEHATAN, DAN KEPUASAN                                              CUSTOMER SAFETY, HEALTH, AND
PELANGGAN                                                                         SATISFACTION
Sebagai Perusahaan yang menyediakan alat berat untuk berbagai                     As a provider of heavy equipment serving various industries,
sektor industri, Perseroan menyadari pentingnya keselamatan,                      the Company recognizes the importance of customer safety,
kesehatan, dan kepuasan pelanggan dalam mendukung                                 health, and satisfaction in supporting smooth field operations.
kelancaran operasional di lapangan. Hal ini menjadi dasar                         These principles form the foundation of every product and
dalam setiap produk dan layanan yang ditawarkan.                                  service offered by the Company.


Keselamatan dan Kesehatan Pelanggan [416-1]                                       Customer Safety and Health
Seluruh produk (100%) yang Perseroan tawarkan dirancang                           All products (100%) offered by the Company are designed to
untuk     mengutamakan             kenyamanan,          keselamatan,       dan    prioritize user comfort, safety, and security. During the sales
keamanan pengguna. Dalam proses negosiasi, tim sales                              process, the Company's sales team provides comprehensive
Perusahaan akan mempresentasikan produk secara lengkap,                           product presentations, including proper operating procedures
termasuk standar pengoperasian yang benar dan prosedur                            and safety requirements. Prior to delivery, the Company
keselamatan.        Sebelum        penyerahan          produk,        Perseroan   conducts a Machine Delivery Inspection (MDI) to ensure
menerapkan proses             Machine Delivery Inspection (MDI)                   that every inspection requirement has been fulfilled. Each
untuk memastikan semua aspek inspeksi terpenuhi. Setiap                           inspection item is thoroughly explained to customers to ensure
poin pemeriksaan dijelaskan secara rinci kepada pelanggan                         complete understanding.
agar dipahami sepenuhnya.

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Selain itu, Perseroan juga memastikan pelanggan memiliki         The Company also ensures that customers possess adequate
pemahaman yang memadai dalam mengoperasikan alat berat.          knowledge and skills to operate heavy equipment safely.
Untuk itu, Perseroan menyediakan opsi pelatihan operator         Accordingly, operator training is offered as part of the sales
sebagai bagian dari skema penjualan, terutama untuk produk       package, particularly for equipment used in the mining sector.
yang digunakan di sektor pertambangan. Adapun pelatihan          The Company provides 2 (two) types of training:
yang disediakan Perseroan terdiri dari 2 (dua) jenis, yaitu:
1.    Pelatihan Operator                                         1.   Operator Training
      Pelatihan ini bertujuan untuk membekali operator dengan         Designed to equip operators with the knowledge and
      kemampuan pengoperasian produk secara optimal dan               skills required to operate equipment safely and efficiently
      aman, serta meminimalkan risiko mis-use dan mis-                while minimizing the risks of misuse and misapplication.
      application.
2.    Pelatihan Teknisi                                          2.   Technician Training
      Pelatihan ini bertujuan untuk melatih teknisi dalam             Designed to train technicians in proper equipment
      melakukan perawatan alat berat agar tetap produktif dan         maintenance to maximize productivity and extend
      memiliki masa pakai panjang.                                    equipment service life.


Pelatihan tersebut dilaksanakan secara tatap muka (kelas dan     These training programs are delivered through classroom
praktik lapangan) selama 4-5 hari kerja. Setelah pelatihan,      instruction and field practice over a period of four to
dilakukan evaluasi untuk memastikan peserta memahami             five working days. Following completion of the training,
seluruh materi dengan baik.                                      participants undergo evaluations to ensure that all training
                                                                 materials have been fully understood.


Kepuasan Pelanggan [F.30]                                        Customer Satisfaction
Dalam rangka meningkatkan kualitas produk dan layanan,           To continuously improve the quality of its products and
Perseroan melaksanakan survei kepuasan pelanggan guna            services, the Company conducts customer satisfaction surveys
mengevaluasi kinerja serta memperoleh umpan balik atas           to evaluate its performance and obtain customer feedback. The
produk dan layanan Perusahaan. Berikut adalah beberapa           following are several customer testimonials collected through
testimoni pelanggan Perseroan dari hasil survei kepuasan         the Company's customer satisfaction survey during the 2025
pelanggan pada tahun buku 2025:                                  financial year:




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 Ikhtisar 2025 | 2025 Highlights                                                    Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                              Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Testimonials

                                                             Foton Dump Truck 6x4
                 ALI SATIBI
                                                             “Jaringan Hexindo ada di mana-mana. Kemudian product sales-nya atau product
                 Owner of PT Permata Intan                   support -nya juga bagus. Karena itu saya sangat percaya.”
                 Kapuas
                                                             “Hexindo has an extensive network. Their product sales and product support are also
                                                             excellent. That’s why I have strong trust in them.”




                                                             ZX890LCH-7G & ZX350H-7G
                 ANDREAS                                     “Dari sisi performance-nya, dalam 3 tahun terakhir tidak ada kendala besar
                 JOKO SUBAGIO                                di engine. Uniknya, produk Hitachi ini semakin besar unitnya justru semakin
                 Project Manager                             lincah. Dari sisi cycle time juga masih masuk dan target bisa tercapai,.”
                 PT Mitra Alam Persada                       “In terms of performance, over the past three years there have been no major engine
                                                             issues. Interestingly, the larger the Hitachi unit, the more agile it becomes. Cycle time is
                                                             still within range, and targets can be achieved.”




                                                             EX2600-7 & ZX890LCH-7G

                 YUWANA                                      "EX2600-7 memiliki tenaga yang besar dan cocok digunakan untuk operasional
                                                             tambang yang menantang, sedangkan ZX890LCH-7G dilengkapi teknologi
                 DIPOWIKORO                                  Aerial Angle untuk meningkatkan visibilitas dan awareness , serta desain yang
                 Owner of PT Arkananta Apta                  memudahkan perawatan rutin."
                 Pratista
                                                             "The EX2600-7 offers high power and is well suited for demanding mining operations,
                                                             while the ZX890LCH-7G is equipped with Aerial Angle technology to enhance visibility
                                                             and situational awareness, along with a design that facilitates routine maintenance."




                                                             BX100

                 ISLAMUDDIN                                  "Operator hanya butuh waktu sebentar untuk menguasai BX100 dan bisa
                                                             langsung menggunakannya dengan baik."
                 Director of PT Manpower
                 Putra Sawerigading                          "Operators only needed a short time to master the BX100 and could quickly operate it
                                                             effectively."




                                                             ZX200-5G, ZX350H-7G & Bell B45E

                                                             "Penerapan sistem ConSite membantu memantau performa mesin, konsumsi bahan
                 ANDI                                        bakar, dan pola penggunaan alat untuk meningkatkan efisiensi dan produktivitas.
                                                             ZX200-5G dan ZX350H-7G masih beroperasi hingga saat ini, sementara Bell B45E
                 TENRY BALI                                  mampu bekerja secara optimal di area pertambangan yang menantang. Apabila
                 Owner of PT Ariano Bintang                  terdapat kendala, Hexindo selalu siap memberikan dukungan."
                 Cemerlang                                   "The ConSite system helps monitor machine performance, fuel consumption, and
                                                             equipment usage patterns to improve efficiency and productivity. The ZX200-5G and
                                                             ZX350H-7G remain in operation, while the Bell B45E is capable of operating optimally
                                                             in challenging mining environments. Whenever issues arise, Hexindo is always ready to
                                                             provide support."



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Tentang Laporan
About The Report



SEKILAS TENTANG LAPORAN [2-2, 2-3, 2-4, 2-5][G.1, G.3]                  OVERVIEW OF THIS REPORT
Laporan ini merupakan laporan tahunan dan keberlanjutan                 This Annual and Sustainability Report of PT Hexindo
PT Hexindo Adiperkasa Tbk yang diterbitkan secara rutin                 Adiperkasa Tbk is published annually and presents the
setiap tahun. Laporan ini memuat informasi mengenai kinerja             Company's economic, environmental, social, and governance
ekonomi, lingkungan, sosial, serta tata kelola Perusahaan.              performance. The reporting scope and period are aligned with
Cakupan dan periode pelaporan ini disesuaikan dengan laporan            the Company's financial statements, covering the period from
keuangan Perseroan, yaitu untuk periode 1 April 2025 hingga             1 April 2025 to 31 March 2026. As no feedback was received on
31 Maret 2026. Sehubungan dengan tidak adanya umpan balik               the previous report published on July 2025, this report does not
atas laporan sebelumnya yang diterbitkan pada bulan Juli 2025,          include any follow-up actions related to such feedback.
maka laporan ini tidak memuat tindak lanjut atas umpan balik
tersebut.


Selain itu, laporan ini juga memuat data dan informasi dengan           This report also contains certain information and data identified
keterangan “pengungkapan kembali” yang disebabkan oleh                  as "restated disclosures," reflecting changes in calculation
perubahan metode dan/atau cakupan perhitungan, tanpa                    methodologies and/or reporting scope. These restatements
memberikan dampak signifikan terhadap data yang dilaporkan.             do not have a material impact on the information presented.
Hingga saat ini, Perseroan belum menggunakan jasa assurance             As of the reporting period, the Company has not engaged an
dari pihak independen untuk Laporan Keberlanjutan ini. Meski            independent assurance provider to verify this Sustainability
demikian, Perseroan memastikan bahwa seluruh informasi                  Report. Nevertheless, the Company is committed to ensuring
yang disajikan dalam laporan ini telah disusun dengan benar             that all information contained in this report has been prepared
dan akurat. Untuk informasi lebih lanjut mengenai laporan ini,          accurately, reliably, and in accordance with the applicable
silakan menghubungi kontak berikut:                                     reporting standards. For further information regarding this
                                                                        report, please contact:


                                                          Sekretaris Perusahaan
                                                             Corporate Secretary

                                                        PT Hexindo Adiperkasa Tbk
                                                       Kawasan Industri Pulo Gadung
                                                   (Jakarta Industrial Estate Pulo Gadung)
                                             Jl. Pulo Kambing II Kav. I-II No.33 - Jakarta 13930

                                                           Telp: +62 21 4611688
                                                    Email: corporate@hexindo-tbk.co.id



Konten Laporan [2-14]                                                   Report Content
Laporan ini disusun dengan mengacu pada standar dan                     This report has been prepared in accordance with the following
ketentuan berikut:                                                      standards and regulations:
•     SEOJK No. 16/SEOJK.04/2021 tentang Bentuk dan Isi                 •     SEOJK No. 16/SEOJK.04/2021 concerning the Form
      Laporan Tahunan Emiten atau Perusahaan Publik;                          and Content of Annual Reports for Issuers or Public
                                                                              Companies;
•     POJK No. 51/POJK.03/2017 tentang Penerapan Keuangan               •     POJK     No.        51/POJK.03/2017      concerning        the
      Berkelanjutan bagi Lembaga Jasa Keuangan, Emiten, dan                   Implementation of Sustainable Finance for Financial
      Perusahaan Publik; dan                                                  Services Institutions, Issuers, and Public Companies; and
•     GRI Standards 2021.                                               •     GRI Standards 2021.




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Page 328
 Ikhtisar 2025 | 2025 Highlights                                                          Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                    Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                      Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Dalam penyusunan Laporan ini, Direksi yang mewakili badan                                 In preparing this Report, the Board of Directors, representing
tata kelola tertinggi Perusahaan berperan dalam mengkaji,                                 the Company's highest governance body, is responsible for
memutuskan, dan mengevaluasi proses pelaporan. Direksi                                    reviewing, approving, and evaluating the reporting process.
bertanggung jawab atas substansi laporan, termasuk identifikasi                           The Board of Directors is accountable for the substance of the
dan pengungkapan topik material. Penentuan topik material                                 report, including the identification and disclosure of material
dilakukan melalui mekanisme Focus Group Discussion (FGD)                                  topics. Material topics are determined through a Focus Group
dengan melibatkan manajemen untuk memastikan relevansi                                    Discussion (FGD) involving management to ensure the
informasi yang disajikan.                                                                 relevance of the information presented.


Untuk menjamin akurasi dan keandalan isi laporan, Sekretaris                              To ensure the accuracy and reliability of the report, the
Perusahaan turut berperan aktif dalam mendukung Direksi,                                  Corporate Secretary actively supports the Board of Directors
khususnya dalam melakukan kajian teknis terhadap laporan                                  by conducting technical reviews to ensure compliance with
agar sesuai dengan ketentuan peraturan perundang-undangan                                 applicable laws, regulations, and reporting standards, including
serta standar pelaporan yang berlaku, termasuk SEOJK, POJK,                               the SEOJK, POJK, and GRI Standards. The review and approval
dan GRI. Seluruh proses peninjauan dan persetujuan laporan                                process is carried out in stages, beginning with an evaluation
dilaksanakan secara bertahap, dimulai dari evaluasi oleh                                  by the Board of Directors and followed by a final review by the
Direksi hingga pengkajian akhir oleh Dewan Komisaris.                                     Board of Commissioners.


Sebagai bentuk bukti keterlibatan dan persetujuan, terlampir                              As evidence of their involvement and approval, the Statement
“Surat Pernyataan Dewan Komisaris dan Direksi tentang                                     of Responsibility of the Board of Commissioners and Board
Tanggung Jawab atas Laporan Tahunan dan Keberlanjutan                                     of Directors for the 2025 Annual and Sustainability Report
2025”, yang menyatakan tanggung jawab anggota Direksi dan                                 is attached to this Report, confirming the responsibility of
Dewan Komisaris atas informasi yang disampaikan dalam                                     the members of the Board of Directors and the Board of
Laporan ini.                                                                              Commissioners for the information disclosed herein.


Adapun tahapan yang dilaksanakan dalam menentukan topik                                   The stages undertaken in determining the material topics
material pada laporan ini adalah sebagai berikut:                                         presented in this Report are as follows:

Proses Penentuan Topik Material [3-1, 3-2]
Material Topic Determination Process

 TAHAP 1-3                                                                              TAHAP 4

  MENGIDENTIFKASI DAN                                                                   MENENTUKAN TOPIK                                    Topik Material
  MENILAI DAMPAK SECARA                                                                 MATERIAL UNTUK                                      Material Topics
  BERKESINAMBUNGAN                                                                      PELAPORAN
  Identifying and Assessing Impacts                                                     Determining Material Topics            1. Kinerja Ekonomi
  Continuously                                                                          for Reporting                              Economic Performance
                                                                                                                               2. Keberadaan Pasar
                                                                                                                                   Market Presence
                                                                                                                               3. Antikorupsi
                                                                                                                                   Anti-Corruption
                                                                                                                               4. Energi
                                                                                                                                   Energy
                                                                                                                               5. Limbah
                                                                                                                                   Waste
                                                                                                                               6. Kepegawaian
                                                                                                                                   Employment
                                                                                                                               7. Kesehatan dan Keselamatan Kerja
          1                              2                              3                                   4                      Occupational Health and Safety
 Memahami konteks              Mengidentifikasi               Menilai signifikansi                Memprioritaskan              8. Pendidikan dan Pelatihan
 Perusahaan                    dampak aktual dan              dampak                              dampak yang                      Education and Training
 Understanding the             potensial                      Assessing the impact’s              paling signifikan            9. Keberagaman dan Kesetaraan Peluang
 Company’s context             Identifying actual and         significance                        untuk pelaporan                  Diversity and Equal Opportunity
                               potential impacts                                                  Prioritizing the most        10. Kesehatan dan Keamanan Konsumen
                                                                                                  significant impact for           Customer Health and Safety
                                                                                                  reporting purposes




Dari serangkaian proses tersebut, Perseroan menetapkan                                    From this series of processes, the Company has determined the
topiktopik material yang dianggap paling signifikan dan                                   material topics deemed most significant and relevant to be
relevan untuk dilaporkan, yaitu:                                                          reported, namely:


PT Hexindo Adiperkasa Tbk                                                              328                                     Laporan Tahunan & Laporan Keberlanjutan 2025

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                                                                                                                                                           03

Topik Material [3-2]
Material Topic
          SDGs                 Topik Material         Referensi                                       Latar Belakang
                                 Material Topic       Reference                                           Background
                             Kinerja Ekonomi           GRI 201    Kinerja ekonomi mencerminkan kapabilitas Perusahaan dalam menciptakan nilai
                             Economic Performance                 berkelanjutan bagi pemegang saham dan pemangku kepentingan, sehingga Perseroan
                                                                  perlu menjaga stabilitas keuangan guna mendukung keberlanjutan usaha.
                                                                  Economic performance reflects the Company's capability to create sustainable value for
                                                                  shareholders and stakeholders. Therefore, the Company must maintain financial stability
                                                                  to support business continuity.
                             Keberadaan Pasar          GRI 202    Operasi Perseroan tersebar di berbagai wilayah dengan karakteristik sosial ekonomi
                             Market Presence                      yang beragam, sehingga Perusahaan perlu menyesuaikan strategi operasional dan
                                                                  pendekatan bisnis dengan kebutuhan lokal.
                                                                  The Company's operations are spread across various regions with diverse socio-economic
                                                                  characteristics, necessitating the adaptation of operational strategies and business
                                                                  approaches to local needs.
                             Antikorupsi               GRI 205    Bisnis distribusi alat berat melibatkan banyak transaksi dengan berbagai pihak,
                             Anti-Corruption                      sehingga Perusahaan perlu memperkuat sistem pengawasan internal untuk mencegah
                                                                  potensi penyimpangan dan menjaga integritas proses bisnis.
                                                                  The heavy equipment distribution business involves numerous transactions with various
                                                                  parties. Accordingly, the Company must strengthen its internal control systems to prevent
                                                                  potential irregularities and uphold the integrity of business processes.
                             Energi                    GRI 302    Operasional distribusi alat berat membutuhkan konsumsi energi yang cukup
                             Energy                               signifikan, sehingga Perusahaan perlu mengoptimalkan efisiensi energi untuk
                                                                  mengurangi dampak lingkungan dan menekan biaya operasional.
                                                                  Heavy equipment distribution operations demand substantial energy consumption. Thus,
                                                                  the Company must optimize energy efficiency to reduce environmental impact and control
                                                                  operational costs.


                             Limbah                    GRI 306    Kegiatan operasional Perseroan menghasilkan berbagai jenis limbah, sehingga
                             Waste                                Perusahaan perlu menerapkan sistem pengelolaan limbah yang tepat guna
                                                                  mengurangi dampak negatif terhadap lingkungan.
                                                                  The Company's operational activities generate various types of waste. Thus, it is essential
                                                                  to implement an effective waste management system to mitigate adverse environmental
                                                                  impacts.
                             Kepegawaian               GRI 401    Ketersediaan tenaga kerja terampil merupakan tantangan dalam industri alat berat,
                             Employment                           sehingga Perusahaan perlu menjalankan program pengembangan SDM secara
                                                                  berkelanjutan untuk mendukung efektivitas operasional.
                                                                  The availability of skilled labor poses a challenge in the heavy equipment industry. Therefore,
                                                                  the Company must continuously implement human capital development programs to
                                                                  enhance operational effectiveness.
                             Kesehatan dan             GRI 403    Industri alat berat memiliki risiko keselamatan kerja yang tinggi, sehingga Perusahaan
                             Keselamatan Kerja                    perlu menerapkan sistem K3 secara ketat untuk melindungi karyawan dari potensi
                             Occupational Health                  bahaya.
                             and Safety                           The heavy equipment industry is inherently associated with high safety risks. The Company
                                                                  must enforce stringent occupational health and safety systems to protect employees from
                                                                  potential hazards.
                             Pendidikan dan            GRI 404    Dinamika perkembangan teknologi di bidang alat berat menuntut peningkatan
                             Pelatihan                            kompetensi karyawan, sehingga Perusahaan perlu menyediakan program pelatihan
                             Education and Training               yang relevan agar kemampuan senantiasa selaras dengan kebutuhan dan tuntutan
                                                                  industri.
                                                                  The dynamic development of technology in the heavy equipment sector necessitates
                                                                  continuous enhancement of employee competencies. Therefore, the Company must provide
                                                                  relevant training programs to ensure that employees' skills remain aligned with industry
                                                                  needs and demands.
                             Keanekaragaman dan        GRI 405    Lingkungan kerja yang beragam membutuhkan pendekatan manajemen yang
                             Kesetaraan Peluang                   inklusif, sehingga Perusahaan perlu memastikan terciptanya kesetaraan kesempatan
                             Diversity and Equal                  bagi seluruh karyawan tanpa diskriminasi.
                             Opportunity                          A diverse work environment requires an inclusive management approach. Accordingly, the
                                                                  Company must ensure equal opportunities for all employees without discrimination.
                             Kesehatan dan             GRI 416    Produk alat berat memiliki implikasi keselamatan yang kritis terhadap keselamatan
                             Keamanan Konsumen                    pengguna, sehingga Perseroan bertanggung jawab untuk memastikan kualitas dan
                             Customer Health and                  keamanan produk yang didistribusikan.
                             Safety                               Heavy equipment products have critical safety implications for users. Therefore, the
                                                                  Company is responsible for ensuring the quality and safety of the distributed products.




2025 Annual Report & Sustainability Report                              329                                                          PT Hexindo Adiperkasa Tbk

Page 330
 Ikhtisar 2025 | 2025 Highlights                                                                                                           Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                                                                     Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                                                                       Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




                                                                                            Low                                        Medium                                                High




                                                                                                                                                                                                                       High
                                                                                                                                                                              6                            1
 Berpengaruh terhadap Pemangku Kepentingan




                                                                                                                                                                                              8
                                                                                                                         9                        5
                                             Impact on Stakeholders




                                                                                                                                                                              2                                3




                                                                                                                                                                                                                       Medium
                                                                                                                                                  4                                                            10
                                                                                                                                                                              7




                                                                                                                                                                                                                       Low
                                                                                                  1




                                                                                                                 Berpengaruh terhadap Keberlajutan Hexindo
                                                                                                                      Impact on Hexindo’s Sustainability


                                                                      1. Kinerja Ekonomi                            4. Energi                                               8. Pendidikan dan Pelatihan
                                                                         Economic Performance                            Energy                                                   Education and Training
                                                                      2. Keberadaan Pasar                           5. Limbah                                               9. Keanekaragaman dan Peluang Setara
                                                                         Market Presence                                 Waste                                                    Diversity and Equal Opportunity
                                                                      3. Antikorupsi                                6. Kepegawaian                                          10. Kesehatan dan Keselamatan Pelanggan
                                                                         Anti-Corruption                                 Employment                                               Customer Health and Safety
                                                                                                                    7. Kesehatan dan Keselamatan Kerja
                                                                                                                         Occupational Health and Safety




KETERLIBATAN PEMANGKU KEPENTINGAN                                                                                                          STAKEHOLDER ENGAGEMENT
[2-29][E.4]

Hexindo memandang pemangku kepentingan sebagai elemen                                                                                      Hexindo recognizes stakeholders as key partners in achieving
kunci dalam keberhasilan bisnis berkelanjutan. Oleh karena                                                                                 sustainable business success. Accordingly, the Company
itu, Perseroan secara aktif menjalin hubungan harmonis                                                                                     actively fosters constructive relationships and strives to address
dan berupaya memenuhi ekspektasi mereka. Pelibatan ini                                                                                     their expectations. Stakeholder engagement is intended to:
bertujuan untuk:
1.                                                    Menyelaraskan kepentingan bisnis dengan kebutuhan                                    1.     Align the Company's business objectives with stakeholder
                                                      pemangku kepentingan;                                                                       expectations;
2.                                                    Meningkatkan transparansi dan akuntabilitas dalam                                    2.     Enhance transparency and accountability in decision-
                                                      pengambilan keputusan;                                                                      making;
3.                                                    Mengidentifikasi risiko dan peluang melalui masukan                                  3.     Identify risks and opportunities through insights from
                                                      dari berbagai perspektif; dan                                                               diverse stakeholder perspectives; and
4.                                                    Membangun                        kepercayaan    jangka   panjang       melalui       4.     Build long-term trust through inclusive and responsive
                                                      keterlibatan yang inklusif dan responsif.                                                   engagement.


Pemangku kepentingan Perseroan diidentifikasi melalui                                                                                      The Company's stakeholders are identified through a
analisis materialitas yang mempertimbangkan:                                                                                               materiality assessment that considers:
1.                                                    Tingkat dampak aktivitas Perusahaan terhadap mereka;                                 1.     The extent to which the Company's activities impact each
                                                                                                                                                  stakeholder group;




PT Hexindo Adiperkasa Tbk                                                                                                           330                                         Laporan Tahunan & Laporan Keberlanjutan 2025

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                                                                                                                                                    03

2.    Tingkat ketergantungan atau pengaruh mereka terhadap                        2.     The level of stakeholder influence on or dependence upon
      operasi Perusahaan; dan                                                            the Company's operations; and
3.    Frekuensi interaksi dan urgensi kepentingan yang                            3.     The frequency of engagement and the significance of the
      disampaikan.                                                                       issues raised.


Berdasarkan analisis tersebut, Perseroan mengelompokkan                           Based on this assessment, the Company classifies its
pemangku kepentingan ke dalam 6 (enam) kategori utama,                            stakeholders into the following 6 (six) principal groups:
yaitu:
Pemangku Kepentingan Perusahaan
Stakeholders of the Company
     Pemangku Kepentingan                       Metode Pelibatan                        Frekuensi                   Kepentingan Utama
            Stakeholders                       Engagement Methods                        Frequency                        Key Interests
 Pemegang Saham                         Rapat Umum Pemegang Saham              Minimal sekali dalam          •   Evaluasi kinerja usaha Perusahaan
 Shareholders                           (RUPS)                                 setahun                       •   Perolehan dividen
                                        General Meeting of Shareholders        At least once a year          •   Persetujuan terhadap aksi korporasi
                                        (GMS)                                                                •   Penetapan anggota Dewan Komisaris
                                                                                                                 dan Direksi
                                                                                                             •
                                                                                                             •   Evaluation of the Company's business
                                                                                                                 performance
                                                                                                             •   Dividend acquisition
                                                                                                             •   Approval of corporate actions
                                                                                                             •   Appointment of members of the
                                                                                                                 Board of Commissioners and
                                                                                                                 Directors
 Pelanggan                              Saluran layanan Pelanggan              Setiap saat                   •   Kualitas produk dan layanan sesuai
 Customers                              Customer service channel               At any time                       ekspektasi
                                                                                                             •   Ketepatan waktu pengiriman
                                        Technical support                      Setiap saat
                                                                               At any time                   •   Harga yang kompetitif
                                                                                                             •   Skema penjualan yang
                                        Sistem monitoring perawatan dan        Setiap saat                       menguntungkan
                                        perbaikan unit                         At any time                   •   Ketersediaan suku cadang
                                        Monitoring system for unit                                           •   Dukungan purna jual yang prima
                                        maintenance and repairs                                              •   Pelayanan yang komunikatif dan
                                                                                                                 solutif
                                                                                                             •   Program loyalitas pelanggan
                                                                                                             •
                                                                                                             •   Product and service quality aligned with
                                                                                                                 expectations
                                                                                                             •   Timely delivery
                                                                                                             •   Competitive pricing
                                                                                                             •   Profitable sales schemes
                                                                                                             •   Availability of spare parts
                                                                                                             •   Excellent after-sales support
                                                                                                             •   Communicative and solution-oriented
                                                                                                                 service
                                                                                                             •   Customer loyalty programs
 Karyawan                               Sarana komunikasi antara               Sesuai kebutuhan              •   Kejelasan hak dan kewajiban
 Employees                              manajemen dengan karyawan              As needed                     •   Kesetaraan dalam penilaian,
                                        Communication channel between                                            pengembangan, karier, dan
                                        management and employees                                                 remunerasi
                                        Pelatihan dan pengembangan             Sesuai kebutuhan              •   Jaminan K3 (keamanan, kesehatan,
                                        kompetensi                             As needed                         dan keselamatan kerja)
                                        Training and competency development                                  •   Kebebasan berserikat dan berkumpul
                                                                                                             •
                                        Perjanjian Kerja Bersama (PKB)         Diperbarui setiap 2 (dua)     •   Clarity of rights and obligations
                                        Collective Labor Agreement (CLA)       tahun                         •   Equality in assessment, career
                                                                               Updated every 2 (two) years       development, career progression, and
                                                                                                                 remuneration
                                        Pertemuan Lembaga Kerja Sama           Sesuai kebutuhan              •   Assurance of Occupational Health,
                                        (LKS)                                  As needed
                                                                                                                 Safety, and Security (OHS)
                                        Bipartit Bipartite Cooperation                                       •   Freedom of association and assembly
                                        Institution (LKS) Meeting




2025 Annual Report & Sustainability Report                                    331                                               PT Hexindo Adiperkasa Tbk

Page 332
 Ikhtisar 2025 | 2025 Highlights                                                      Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                  Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




  Pemangku Kepentingan                           Metode Pelibatan                           Frekuensi                                 Kepentingan Utama
             Stakeholders                       Engagement Methods                           Frequency                                   Key Interests
 Pemerintah/Regulator                    Penyampaian laporan keuangan              Setiap triwulan dan akhir             •      Akurasi dan akuntabilitas laporan
 Government/Regulator                    triwulanan dan tahunan                    tahun buku                                   keuangan
                                         Submission of quarterly and annual        Every quarter and at the end of       •      Keterbukaan informasi
                                         financial reports                         the fiscal year                       •      Kepatuhan terhadap praktik
                                         Laporan keterbukaan informasi             Sesuai kebutuhan                             hubungan industrial
                                         Information disclosure reports            As needed                             •      Kontribusi sosial dan ketepatan
                                                                                                                                penyampaian laporan
                                         Penyampaian Laporan Tahunan               Maksimal 4 (empat) bulan
                                         Submission of the Annual Report           setelah tahun buku berakhir           •      Accuracy and accountability of financial
                                                                                   No later than 4 (four) months                reports
                                                                                   after the end of the fiscal year      •      Transparency of information
                                                                                                                         •      Compliance with industrial relations
                                                                                                                                practices
                                                                                                                         •      Social contributions and timely reporting
 Prinsipal                               Prakiraan penjualan tahunan               Setiap awal tahun buku                •      Jaminan Kualitas, Biaya, dan
 Principals                              Annual sales forecasts                    At the beginning of each fiscal              Pengiriman (QCD)
                                                                                   year                                  •      Produk yang sesuai kebutuhan
                                         Analisis kondisi pasar                    Setiap awal tahun buku                       pelanggan
                                         Market condition analysis                 At the beginning of each fiscal       •      Penguatan rantai pasok global
                                                                                   year                                  •      Kepatuhan terhadap regulasi izin
                                                                                                                                tenaga kerja asing
                                         Konsultasi teknis                         Sesuai kebutuhan
                                         Technical consultations                   As needed                             •      Assurance of Quality, Cost, and Delivery
                                         Pelatihan mengenai pengetahuan            Sesuai kebutuhan                             (QCD)
                                                                                   As needed                             •      Products that meet customer needs
                                         produk
                                                                                                                         •      Strengthening of the global supply chain
                                         Product knowledge training
                                                                                                                         •      Compliance with foreign labor permit
                                                                                                                                regulations
 Masyarakat                              Pelibatan dalam program CSR               Sesuai kebutuhan                      •      Hubungan yang harmonis dengan
 Public                                  Participation in CSR programs             As needed                                    masyarakat
                                                                                                                         •      Dampak sosial dan lingkungan yang
                                         masyarakat dan pemerintah daerah          Sesuai kebutuhan
                                                                                   As needed                                    terkelola dengan baik
                                         setempat
                                         Communication with community                                                    •      Kontribusi positif dan kesempatan
                                         leaders and local government officials                                                 kerja bagi masyarakat local

                                                                                                                         •      Harmonious relations with the
                                                                                                                                community
                                                                                                                         •      Well-managed social and environmental
                                                                                                                                impacts
                                                                                                                         •      Positive contribution and employment
                                                                                                                                opportunities for the local community




PT Hexindo Adiperkasa Tbk                                                         332                                        Laporan Tahunan & Laporan Keberlanjutan 2025

Page 333
                                                                      03




2025 Annual Report & Sustainability Report   333   PT Hexindo Adiperkasa Tbk

Page 334
 Ikhtisar 2025 | 2025 Highlights                                                   Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                             Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                               Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




                                                            Halaman ini sengaja dikosongkan
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PT Hexindo Adiperkasa Tbk                                                     334                                       Laporan Tahunan & Laporan Keberlanjutan 2025

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                                                                                                                                              03

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


Kami yang bertanda tangan di bawah ini menyatakan bahwa                        We, the undersigned, hereby declare that all information
semua informasi dalam Laporan Tahunan dan Laporan                              contained in the Annual Report and Sustainability Report
Keberlanjutan PT Hexindo Adiperkasa Tbk tahun buku 2025                        of PT Hexindo Adiperkasa Tbk for the fiscal year 2025 has
telah dimuat secara lengkap dan kami bertanggung jawab                         been presented in full, and we bear full responsibility for the
penuh atas kebenaran isi Laporan Tahunan dan Laporan                           accuracy of the contents of the Company’s Annual Report and
Keberlanjutan Perusahaan.                                                      Sustainability Report.


Demikian pernyataan ini dibuat dengan sebenarnya.                              This statement is made truthfully.


                                                                  Jakarta, Juli 2026
                                                                   Jakarta, July 2026


                                                                DEWAN KOMISARIS
                                                                Board of Commissioners




                         Toto Wahyudiyanto                                                                 Harry Danui
              Presiden Komisaris (Komisaris Independen)                                              Komisaris Independen
            President Commissioner (Independent Commissioner)                                       Independent Commissioner



                                                                      DIREKSI
                                                                  Board of Directors




               Dwi Swasono                                            Koji Sato                                 Nobuyasu Hagiwara
               Presiden Direktur                                       Direktur                                          Direktur
                President Director                                      Director                                         Director




                                             Teru Karahashi                                  Yoshendri
                                                Direktur                                       Direktur
                                                 Director                                       Director




              Junji Fukugawa                                       Ryoji Tanaka                                     Hiroki Majima
            Direktur Non-Residen                                 Direktur Non-Residen                            Direktur Non-Residen
              Non-Resident Director                               Non-Resident Director                           Non-Resident Director




2025 Annual Report & Sustainability Report                               335                                               PT Hexindo Adiperkasa Tbk

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 Ikhtisar 2025 | 2025 Highlights                                                   Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                             Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                               Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




                                                            Halaman ini sengaja dikosongkan
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PT Hexindo Adiperkasa Tbk                                                     336                                       Laporan Tahunan & Laporan Keberlanjutan 2025

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                                                                                                                                                 03

Indeks SEOJK No. 16/SEOJK.04/2021
SEOJK No. 16/SEOJK.04/2021 Index




                                                                     Halaman
                              Keterangan                                                                 Description
                                                                      Page
 I.     Ketentuan Umum                                                         I.   General Disclosure

        1.   Dalam Surat Edaran Otoritas Jasa Keuangan ini yang         √           1.   In this Financial Services Authority Circular Letter what
             dimaksud dengan:                                                            is meant by:

             a.    Laporan       Tahunan       adalah     laporan       √                a.   Annual Report is a report on the accountability of the
                   pertanggungjawaban direksi dan dewan komisaris                             Board of Directors and the Board of Commissioners
                   dalam melakukan pengurusan dan pengawasan                                  in managing and supervising issuers or public
                   terhadap emiten atau perusahaan publik dalam                               companies within a period of 1 (one) financial year
                   kurun waktu 1 (satu) tahun buku kepada                                     to the General Meeting of Shareholders based on
                   rapat umum pemegang saham yang disusun                                     the provisions of the Financial Services Authority
                                                                                              Regulation regarding the Annual Report of Issuers or
                   berdasarkan ketentuan dalam Peraturan Otoritas
                                                                                              Public Companies.
                   Jasa Keuangan mengenai Laporan Tahunan
                   Emiten atau Perusahaan Publik.
             b.    Emiten adalah pihak yang melakukan penawaran         √                b.   Issuers are parties who make public offerings.
                   umum.
             c.    Perusahaan Publik adalah perseroan yang              √                c.   A public Company is a company whose shares are
                   sahamnya telah dimiliki paling sedikit oleh 300                            owned by at least 300 (three hundred) shareholders
                   (tiga ratus) pemegang saham dan memiliki modal                             and has a paid-up capital of at least Rp3,000,000,000.00
                   disetor paling sedikit Rp3.000.000.000,00 (tiga                            (three billion rupiah) or a number of shareholders
                   miliar rupiah) atau suatu jumlah pemegang saham                            and paid-up capital as determined by the Financial
                   dan modal disetor yang ditetapkan oleh Otoritas                            Services Authority.
                   Jasa Keuangan.
             d.    Perusahaan Terbuka adalah Emiten yang telah          √                d.   Public Company is an Issuer that has made a public
                   melakukan penawaran umum efek bersifat ekuitas                             offering of equity securities or a Public Company.
                   atau Perusahaan Publik.
             e.    Laporan Keberlanjutan (Sustainability Report)        √                e.   A Sustainability Report is a report published to the
                   adalah laporan yang diumumkan kepada                                       public that contains the economic, financial, social,
                   masyarakat yang memuat kinerja ekonomi,                                    and environmental performance of a financial service
                   keuangan, sosial, dan lingkungan hidup suatu                               institution, Issuer, and Public Company in running a
                   lembaga jasa keuangan, Emiten, dan Perusahaan                              sustainable business.
                   Publik dalam menjalankan bisnis berkelanjutan.
             f.    Direksi:                                             √                f.   Board of Directors:

                    1)   Bagi Emiten atau Perusahaan Publik             √                      1)   For an Issuer or a Public Company in the form
                         berbentuk badan hukum perseroan terbatas                                   of a limited liability company, the Board of
                         adalah Direksi sebagaimana dimaksud dalam                                  Directors as referred to in the Financial Services
                         Peraturan Otoritas Jasa Keuangan mengenai                                  Authority Regulation concerning the Board of
                         Direksi dan Dewan Komisaris Emiten atau                                    Directors and Board of Commissioners of an
                         Perusahaan Publik; dan                                                     Issuer or Public Company; and

                    2)   Bagi Emiten atau Perusahaan Publik             √                      2)   For an Issuer or Public Company in the form
                         berbentuk badan hukum selain perseroan                                     of a legal entity other than a limited liability
                         terbatas adalah organ yang melaksanakan                                    company is an organ that runs the management
                         pengurusan     badan   hukum    tersebut                                   of the legal entity as referred to in the laws and
                         sebagaimana dimaksud dalam peraturan                                       regulations concerning the legal entity.
                         perundang-undangan mengenai badan
                         hukum tersebut.
             g.    Dewan Komisaris:                                     √                g.   Board of Commissioners:

                    1)   Bagi Emiten atau Perusahaan Publik             √                      1)   For an Issuer or Public Company in the form
                         berbentuk badan hukum perseroan terbatas                                   of a limited liability company is the Board of
                         adalah Dewan Komisaris sebagaimana                                         Commissioners as referred to in the Financial
                         dimaksud dalam Peraturan Otoritas Jasa                                     Services Authority Regulation concerning the
                         Keuangan mengenai Direksi dan Dewan                                        Board of Directors and Board of Commissioners
                         Komisaris Emiten atau Perusahaan Publik;                                   of Issuers or Public Companies; and
                         dan
                    2)   Bagi Emiten atau Perusahaan Publik             √                      2)   For an Issuer or Public Company in the form
                         berbentuk badan hukum selain perseroan                                     of a legal entity other than a limited liability
                         terbatas adalah organ yang melakukan                                       company is an organ that supervises the legal
                         pengawasan badan hukum tersebut                                            entity as referred to in the laws and regulations
                         sebagaimana dimaksud dalam peraturan                                       concerning the legal entity.
                         perundang-undangan mengenai badan
                         hukum tersebut.



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 Ikhtisar 2025 | 2025 Highlights                                              Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                        Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                          Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




                                                                      Halaman
                             Keterangan                                                                             Description
                                                                       Page
             h.   Rapat Umum Pemegang Saham yang selanjutnya             √                         h.    General Meeting of            Shareholders   hereinafter
                  disingkat RUPS:                                                                        abbreviated as GMS:

                   1)    Bagi Emiten atau Perusahaan Publik              √                                1)   For an Issuer or Public Company in the form
                         berbentuk badan hukum perseroan terbatas                                              of a limited liability company is the GMS as
                         adalah RUPS sebagaimana dimaksud dalam                                                referred to in the Financial Services Authority
                         Peraturan Otoritas Jasa Keuangan mengenai                                             Regulation concerning the Plan and Organizing
                         Rencana dan Penyelenggaraan Rapat Umum                                                of the General Meeting of Shareholders of a
                         Pemegang Saham Perusahaan Terbuka;                                                    Public Company;

                   2)    Bagi Emiten atau Perusahaan Publik              √                                2)   For an Issuer or Public Company in the form
                         berbentuk badan hukum selain perseroan                                                of a legal entity other than a limited liability
                         terbatas adalah organ yang mempunyai                                                  company is an organ that has authority that
                         wewenang yang diberikan kepada organ yang                                             could not be given to an organ that carries out
                         melaksanakan fungsi pengurusan dan fungsi                                             management and supervisory functions, within
                         pengawasan, dalam batas yang ditentukan                                               the limits specified in the laws and/or articles of
                                                                                                               association governing the legal entity.
                         dalam peraturan perundang-undangan dan/
                         atau anggaran dasar yang mengatur badan
                         hukum tersebut.
        2.   Laporan Tahunan Emiten atau Perusahaan Publik               √                    2.   The Annual Report of a listed company is one of the most
             merupakan sumber informasi penting bagi investor                                      important sources as the base for investors or shareholders
             atau pemegang saham sebagai salah satu dasar                                          in making an investment decision, and is a means of
             pertimbangan dalam pengambilan keputusan investasi                                    monitoring an issuer or public company.
             dan sarana pengawasan terhadap Emiten atau
             Perusahaan Publik.
        3.   Seiring dengan perkembangan pasar modal dan                 √                    3.   Along with the development of the Capital Market and
             meningkatnya kebutuhan investor atau pemegang                                         the growing needs of investors or shareholders regarding
             saham atas keterbukaan informasi, Direksi dan Dewan                                   information disclosure, the Board of Directors and the
             Komisaris dituntut untuk menyajikan informasi yang                                    Board of Commissioners are required to improve the
             berkualitas, akurat, dan akuntabel melalui Laporan                                    quality of information disclosure through an annual report.
             Tahunan Emiten atau Perusahaan Publik.
        4.   Laporan Tahunan yang disusun secara teratur dan             √                    4.   Annual Report should be prepared in an orderly manner
             informatif dapat memberikan kemudahan bagi investor                                   and should be informative to provide conveniences for the
             atau pemegang saham dan pemangku kepentingan                                          investors or shareholders in getting the information they
             dalam memperoleh informasi yang dibutuhkan.                                           need.

        5.   Surat Edaran Otoritas Jasa Keuangan ini merupakan           √                    5.   This Circular Letter of the Financial Services Authority
             pedoman bagi Emiten atau Perusahaan Publik yang                                       serves as guidelines for Issuers or Public Companies that
             wajib diterapkan dalam menyusun Laporan Tahunan                                       should be applied in preparing their Annual Report.
             dan Laporan Keberlanjutan.
 II.    Bentuk Laporan Tahunan                                           √            II.    Format of Annual Report

        1.   Laporan Tahunan disajikan dalam bentuk dokumen              √                    1.   Annual Report should be presented in the printed format
             cetak dan salinan dokumen elektronik.                                                 and in electronic document copy.

        2.   Laporan Tahunan yang disajikan dalam bentuk                 √                    2.   The printed version of the Annual Report should be printed
             dokumen cetak, dicetak pada kertas yang berwarna                                      on light-colored paper of fine quality, in A4 size, bound and
             terang, berkualitas baik, berukuran A4, dijilid, dan                                  can be reproduced in good quality.
             dapat diperbanyak dengan kualitas yang baik.
        3.   Laporan Tahunan dapat menyajikan informasi berupa           √                    3.   Annual Report may present the information in form of
             gambar, grafik, tabel, dan/atau diagram dengan                                        images, charts, tables, and diagrams are presented by
             mencantumkan judul dan/atau keterangan yang jelas,                                    mentioning the title and/or clear description, that is easy to
             sehingga mudah dibaca dan dipahami.                                                   read and be understood.

        4.   Laporan Tahunan yang disajikan dalam bentuk salinan         √                    4.   The Annual Report presented in electronic document
             dokumen elektronik merupakan Laporan Tahunan                                          format is the Annual Report converted into portable
             yang dikonversi dalam portable document format                                        document format.
             (PDF).
 III.   Isi Laporan Tahunan                                              √            III.   Format of Annual Report

        1.   Laporan Tahunan paling sedikit memuat:                      √                    1.   Annual Report should contain at least the following
                                                                                                   information:
             a.   Ikhtisar data keuangan penting;                        √                         a.    Summary of key financial information;

             b.   Informasi saham (jika ada);                            √                         b.    Stock information (if any);

             c.   Laporan Direksi;                                       √                         c.    The Board of Directors report;

             d.   Laporan Dewan Komisaris;                               √                         d.    The Board of Commissioners report;

             e.   Profil Emiten atau Perusahaan Publik;                  √                         e.    Profile of Issuer or Public Company;

             f.   Analisis dan pembahasan manajemen;                     √                         f.    Management Discussion and Analysis;




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                                                                         Halaman
                              Keterangan                                                                Description
                                                                          Page
             g.    Tata kelola Emiten atau Perusahaan Publik;               √           g.   Corporate governance applied by the Issuer or Public
                                                                                             Company;
             h.    Tanggung jawab sosial dan lingkungan Emiten              √           h.   Corporate social and environmental responsibility of
                   atau Perusahaan Publik;                                                   the Issuer or Public Company;

             i.    Laporan keuangan tahunan yang telah diaudit; dan         √           i.   Audited annual report; and

             j.    Surat pernyataan anggota Direksi dan anggota             √           j.   Statement that the Board of Directors and the Board
                   Dewan Komisaris tentang tanggung jawab atas                               of Commissioners are fully responsible for the Annual
                   Laporan Tahunan.                                                          Report.

        2.   Uraian Isi Laporan Tahunan                                     √      2.   Description of Content of Annual Report

             a.    Ikhtisar Data Keuangan Penting                         10-11         a.   Summary of Key Financial Information
                   Ikhtisar Data Keuangan Penting memuat                                     Summary of Key Financial Information contains
                   informasi keuangan yang disajikan dalam                                   financial information presented in comparison
                   bentuk perbandingan selama 3 (tiga) tahun buku                            with the previous 3 (three) fiscal years or since the
                   atau sejak memulai usahanya jika Emiten atau                              commencement of business if the Issuers or the
                   Perusahaan Publik tersebut menjalankan kegiatan                           Public Company commencing the business less than
                                                                                             3 (three) years, at least contain:
                   usahanya kurang dari 3 (tiga) tahun, paling sedikit
                   memuat:
                    1)   Pendapatan/penjualan;                              √                 1)   Income/sales;

                    2)   Laba bruto;                                        √                 2)   Gross profit;

                    3)   Laba (rugi);                                       √                 3)   Profit (loss);

                    4)   Jumlah laba (rugi) yang dapat diatribusikan       N/A                4)   Total profit (loss) attributable to equity holders
                         kepada pemilik entitas induk dan                                          of the parent entity and non-controlling
                         kepentingan non pengendali;                                               interest;

                    5)   Total laba (rugi) komprehensif;                    √                 5)   Total comprehensive profit (loss);

                    6)   Jumlah laba (rugi) komprehensif yang dapat        N/A                6)   Total comprehensive profit (loss) attributable
                         diatribusikan kepada pemilik entitas induk                                to equity holders of the parent entity and non-
                         dan kepentingan non pengendali;                                           controlling interest;

                    7)   Laba (rugi) per saham;                             √                 7)   Earnings (loss) per share;

                    8)   Jumlah aset;                                       √                 8)   Total assets;

                    9)   Jumlah liabilitas;                                 √                 9)   Total liabilities;

                    10) Jumlah ekuitas;                                     √                 10) Total equities;

                    11) Rasio laba (rugi) terhadap jumlah aset;             √                 11) Profit (loss) to total assets ratio;

                    12) Rasio laba (rugi) terhadap ekuitas;                 √                 12) Profit (loss) to equities ratio;

                    13) Rasio laba (rugi) terhadap pendapatan/              √                 13) Profit (loss) to income ratio;
                        penjualan;
                    14) Rasio lancar;                                       √                 14) Current ratio;

                    15) Rasio liabilitas terhadap ekuitas;                  √                 15) Liabilities to equities ratio;

                    16) Rasio liabilitas terhadap jumlah aset;              √                 16) Liabilities to total assets ratio;

                    17) Informasi dan rasio keuangan lainnya yang           √                 17) Other information and financial ratios relevant
                        relevan dengan Emiten atau Perusahaan                                     to the Issuer or Public Company and type of
                        Publik dan jenis industrinya.                                             industry.

             b.    Informasi Saham                                         12           b.   Stock Information
                   Informasi saham bagi Perusahaan Terbuka paling                            Stock Information for Public Company at least
                   sedikit memuat:                                                           contains:

                    1)   Saham yang telah diterbitkan untuk setiap          √                 1)   Shares issued for each three-month period
                         masa triwulan yang disajikan dalam bentuk                                 in the last 2 (two) fiscal years (if any), at least
                         perbandingan selama 2 (dua) tahun buku                                    covering:
                         terakhir (jika ada), paling sedikit memuat:
                         a)   Jumlah saham yang beredar;                    √                      a)    Number of outstanding shares;

                         b)   Kapitalisasi pasar berdasarkan harga          √                      b)    Market capitalization based on the price at
                              pada Bursa Efek tempat saham                                               the Stock Exchange where the shares are
                              dicatatkan;                                                                listed on;

                         c)   Harga saham tertinggi, terendah, dan          √                      c)    Highest share price, lowest share price, and
                              penutupan berdasarkan harga pada                                           closing share price at the Stock Exchange
                              Bursa Efek tempat saham dicatatkan;                                        where the shares are listed on;
                              dan




2025 Annual Report & Sustainability Report                                339                                              PT Hexindo Adiperkasa Tbk

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 Ikhtisar 2025 | 2025 Highlights                                                 Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                           Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                             Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




                                                                         Halaman
                              Keterangan                                                                                Description
                                                                          Page
                         d)   Volume perdagangan pada Bursa Efek            √                                     d)     Share volume at the Stock Exchange where
                              tempat saham dicatatkan.                                                                   the shares are listed on;

                              Informasi dalam huruf b), huruf c),           √                                            Information in point b), point c), and
                              dan huruf d) hanya diungkapkan jika                                                        point d) only be disclosed if the Issuer is
                              sahamnya tercatat di Bursa Efek.                                                           a public company whose shares is listed in
                                                                                                                         the Stock Exchange.
                   2)    Dalam hal terjadi aksi korporasi yang             13                                2)   In the event of corporate actions, including
                         menyebabkan terjadinya perubahan pada                                                    stock split, reverse stock, dividend, bonus share,
                         saham, seperti pemecahan saham (stock split),                                            and change in par value of shares, the share
                         penggabungan saham (reverse stock), dividen                                              price referred to in point 1), should be added
                         saham, saham bonus, perubahan nilai                                                      with explanation on:
                         nominal saham, penerbitan efek konversi,
                         serta penambahan dan pengurangan modal,
                         informasi saham sebagaimana dimaksud
                         pada angka 1) ditambahkan penjelasan
                         paling sedikit mengenai:
                         a)   Tanggal pelaksanaan aksi korporasi;          N/A                                    a)     Date of corporate action;

                         b)   Rasio pemecahan saham (stock split),         N/A                                    b)     Stock split ratio, reverse stock, dividend,
                              penggabungan saham (reverse stock),                                                        bonus shares, number of conversion shares
                              dividen saham, saham bonus, jumlah                                                         proceeds (if any), and change in par value
                              efek konversi yang diterbitkan, dan                                                        of shares;
                              perubahan nilai nominal saham;
                         c)   Jumlah saham beredar sebelum dan             N/A                                    c)     Number of outstanding shares prior to and
                              sesudah aksi korporasi;                                                                    after corporate action;

                         d)   Jumlah efek konversi yang dilaksanakan       N/A                                    d)     Number of conversion shares proceeds (if
                              (jika ada); dan                                                                            any); and

                         e)   Harga saham sebelum dan sesudah aksi         N/A                                    e)     Share price prior to and after corporate
                              korporasi.                                                                                 action.

                   3)    Dalam hal terjadi penghentian sementara           N/A                               3)   In the event that the company's shares were
                         perdagangan saham (suspension) dan/atau                                                  suspended and/or delisted from trading during
                         pembatalan pencatatan saham (delisting)                                                  the year under review, then the Issuers or Public
                         dalam tahun buku, dijelaskan alasan                                                      Company should provide explanation on the
                         penghentian     sementara       perdagangan                                              reason for the suspension and/or delisting; and
                         saham (suspension) dan/atau pembatalan
                         pencatatan saham (delisting) tersebut; dan
                   4)    Dalam       hal    penghentian     sementara      N/A                               4)   In the event that the suspension and/or delisting
                         perdagangan           saham      (suspension)                                            as referred to in point 3) was still in effect until
                         sebagaimana dimaksud pada angka 3) dan/                                                  the date of the Annual Report, the Issuer or
                         atau proses pembatalan pencatatan saham                                                  the Public Company should also explain the
                         (delisting) masih berlangsung hingga periode                                             corporate actions taken by the company in
                         Laporan Tahunan, dijelaskan tindakan yang                                                resolving the suspension and/or delisting.
                         dilakukan untuk menyelesaikan penghentian
                         sementara perdagangan saham (suspension)
                         dan/atau pembatalan pencatatan saham
                         (delisting) tersebut.
             c.   Laporan Direksi                                         31-39                       c.    The Board of Directors Report
                  Laporan Direksi paling sedikit memuat uraian                                              The Board of Directors Report should at least contain
                  singkat mengenai:                                                                         the following items:

                   1)    Kinerja Emiten atau Perusahaan Publik,             √                                1)   The performance of the Issuer or Public
                         paling sedikit memuat:                                                                   Company, at least covering:

                         a)   Strategi dan kebijakan strategis Emiten       √                                     a)     Strategy and strategic policies of the Issuer
                              atau Perusahaan Publik;                                                                    or Public Company;

                         b)   Peranan Direksi dalam perumusan               √                                     b)     The Board of Directors roles in formulating
                              strategi dan kebijakan strategis Emiten                                                    strategies and strategic policies of Issuers
                              atau Perusahaan Publik;                                                                    or Public Companies;

                         c)   Proses yang dilakukan Direksi untuk           √                                     c)     The process carried out by the Board of
                              memastikan implementasi strategi                                                           Directors to ensure the implementation
                              Emiten atau Perusahaan Publik;                                                             of the Issuer or Public Company strategy;

                         d)   Perbandingan antara hasil yang dicapai        √                                     d)     Comparison between achievement of
                              dengan yang ditargetkan Emiten atau                                                        results and targets;
                              Perusahaan Publik; dan
                         e)   Kendala yang dihadapi Emiten atau             √                                     e)     Challenges faced by the Issuer or Public
                              Perusahaan Publik.                                                                         Company.

                   2)    Gambaran tentang prospek usaha Emiten              √                                2)   Description on business prospects of the Issuer
                         atau Perusahaan Publik; dan                                                              or Public Company; and



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                                                                         Halaman
                              Keterangan                                                          Description
                                                                          Page
                    3)   Penerapan tata kelola         Emiten     atau      √           3)   Implementation of good corporate governance
                         Perusahaan Publik.                                                  by Issuer or Public Company.

             d.    Laporan Dewan Komisaris                                25-29    d.   The Board of Commissioners Report
                   Laporan Dewan Komisaris paling sedikit memuat                        The Board of Commissioners Report should at least
                   uraian singkat mengenai:                                             contain the following items:

                    1)   Penilaian terhadap kinerja Direksi mengenai        √           1)   Assessment of the performance of the Board
                         pengelolaan Emiten atau Perusahaan Publik,                          of Directors in managing the Issuer or Public
                         termasuk pengawasan Dewan Komisaris                                 Company, including the supervision of the
                         dalam perumusan dan implementasi                                    Board of Commissioners in the formulation
                         strategi Emiten atau Perusahaan Publik yang                         and implementation of the strategy of the Issuer
                         dilakukan oleh Direksi;                                             or Public Company carried out by the Board of
                                                                                             Directors;
                    2)   Pandangan atas prospek usaha Emiten                √           2)   View on the business prospects of the Issuer or
                         atau Perusahaan Publik yang disusun oleh                            Public Company as established by the Board of
                         Direksi; dan                                                        Directors; and

                    3)   Pandangan atas penerapan tata kelola Emiten        √           3)   View on the implementation of the corporate
                         atau Perusahaan Publik.                                             governance by the Issuer or Public Company.

             e.    Profil Emiten atau Perusahaan Publik                   41-85    e.   Profile of the Issuer or Public Company
                   Profil Emiten atau Perusahaan Publik paling                          Profile of the Issuer or Public Company should cover
                   sedikit memuat informasi:                                            at least:

                    1)   Nama Emiten atau Perusahaan Publik                42           1)   Name of Issuer or Public Company, including
                         termasuk apabila terdapat perubahan                                 change of name, the reason for the change, and
                         nama, alasan perubahan, dan tanggal efektif                         the effective date of the change of name during
                         perubahan nama pada tahun buku;                                     the year under review;

                    2)   Akses terhadap Emiten atau Perusahaan             42           2)   Access to Issuer or Public Company, including
                         Publik termasuk kantor cabang atau kantor                           branch office or representative office, where the
                         perwakilan yang memungkinkan masyarakat                             public can have access of information of the
                         dapat memperoleh informasi mengenai                                 Issuer or Public Company, which include:
                         Emiten atau Perusahaan Publik, meliputi:
                         a)   Alamat;                                       √                a)   Address;

                         b)   Nomor telepon;                                √                b)   Telephone number;

                         c)   Alamat surat elektronik; dan                  √                c)   E-mail address; and

                         d)   Alamat Situs Web;                             √                d)   Website address;

                    3)   Riwayat singkat Emiten atau Perusahaan            43           3)   Brief history of the Issuer or Public Company;
                         Publik;
                    4)   Visi dan misi Emiten atau Perusahaan Publik      46-48         4)   Vision and mission of the Issuer or Public
                         serta budaya perusahaan (corporate culture)                         Company as well as corporate culture or values;
                         atau nilai-nilai perusahaan;
                    5)   Kegiatan usaha menurut anggaran dasar            49-51         5)   Line of business according to the latest Articles
                         terakhir, kegiatan usaha yang dijalankan                            of Association, and types of products and/or
                         pada tahun buku, serta jenis barang dan/atau                        services produced;
                         jasa yang dihasilkan;
                    6)   Wilayah operasional Emiten atau Perusahaan       53-57         6)   The operational area of the Issuer or Public
                         Publik; wilayah operasional merupakan                               Company; operational area is the area or district
                         wilayah atau daerah pelaksanaan kegiatan                            for implementing operational activities or the
                         operasional atau jangkauan dari kegiatan                            range of the company's operational activities.
                         operasional perusahaan.
                    7)   Struktur organisasi Emiten atau Perusahaan       58-59         7)   Structure of organization of the Issuer or Public
                         Publik dalam bentuk bagan, paling sedikit                           Company in chart form, at least 1 (one) level
                         sampai dengan struktur 1 (satu) tingkat di                          below the Board of Directors, with the names
                         bawah Direksi termasuk komite di bawah                              and titles;
                         Direksi (jika ada) dan komite di bawah
                         Dewan Komisaris, disertai dengan nama dan
                         jabatan;
                    8)   Daftar keanggotaan asosiasi industri baik         52           8)   A list of industry association memberships both
                         dalam skala nasional maupun internasional                           on a national and international scale related to
                         yang berkaitan dengan penerapan keuangan                            the implementation of sustainable finance;
                         berkelanjutan;
                    9)   Profil Direksi, paling sedikit memuat:           60-71         9)   The Board of Directors profiles include:

                         a)   Nama dan jabatan yang sesuai dengan           √                a)   Name and short description of duties and
                              tugas dan tanggung jawab;                                           functions;

                         b)   Foto terbaru;                                 √                b)   Latest photograph;

                         c)   Usia;                                         √                c)   Age;



2025 Annual Report & Sustainability Report                                341                                        PT Hexindo Adiperkasa Tbk

Page 342
 Ikhtisar 2025 | 2025 Highlights                                                  Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                            Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                              Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




                                                                          Halaman
                              Keterangan                                                                                 Description
                                                                           Page
                         d)   Kewarganegaraan;                               √                                     d)     Citizenship;

                         e)   Riwayat pendidikan dan/atau sertifikasi;       √                                     e)     Education;

                         f)   Riwayat jabatan, meliputi informasi:           √                                     f)     History position, covering information on:

                              1)      Dasar hukum penunjukan sebagai         √                                            1)     Legal basis for appointment as
                                      anggota Direksi pada Emiten                                                                member of the Board of Directors to
                                      atau Perusahaan Publik yang                                                                the said Issuer or Public Company;
                                      bersangkutan;
                              2)      Rangkap jabatan, baik sebagai          √                                            2)     Concurrent position, as member of
                                      anggota Direksi, anggota Dewan                                                             the Board of Directors, member of
                                      Komisaris, dan/atau anggota                                                                the Board of Commissioners, and/
                                      komite serta jabatan lainnya                                                               or member of committee, and other
                                      baik di dalam maupun di luar                                                               positions both inside and outside
                                      Emiten atau Perusahaan Publik.                                                             the Issuer or Public Company. In the
                                                                                                                                 event that a member of the Board of
                                      Dalam hal anggota Direksi tidak
                                                                                                                                 Directors does not have concurrent
                                      memiliki rangkap jabatan, maka
                                                                                                                                 positions, then this is disclosed; and
                                      diungkapkan     mengenai    hal
                                      tersebut; dan
                              3)      Pengalaman kerja beserta periode       √                                            3)     Working experience and period
                                      waktunya baik di dalam maupun                                                              in and outside the Issuer or Public
                                      di luar Emiten atau Perusahaan                                                             Company;
                                      Publik;
                         g)   Hubungan afiliasi dengan anggota               √                                     g)     Disclosure of affiliation with other
                              Direksi lainnya, anggota Dewan                                                              members of the Board of Directors,
                              Komisaris, pemegang saham utama,                                                            members of the Board of Commissioners,
                              dan pengendali baik langsung maupun                                                         and major or controlling shareholders,
                              tidak langsung sampai kepada pemilik                                                        either directly or indirectly, to individual
                              individu, meliputi nama pihak yang                                                          owners, including the names of affiliated
                                                                                                                          parties. In the event that a member of the
                              terafiliasi. Dalam hal anggota Direksi
                                                                                                                          Board of Directors has no affiliation, the
                              tidak memiliki hubungan afiliasi,
                                                                                                                          Issuer or Public Company shall disclose
                              maka Emiten atau Perusahaan Publik                                                          this matter; and
                              mengungkapkan hal tersebut; dan
                         h)   Perubahan komposisi anggota Direksi         150-151                                  h)     Changes in the composition of the
                              dan alasan perubahannya. Dalam hal                                                          Board of Directors and the reasons for
                              tidak terdapat perubahan komposisi                                                          the changes. In the event that there is no
                              anggota Direksi, maka diungkapkan                                                           change in the composition of the Board of
                              mengenai hal tersebut;                                                                      Directors, this matter shall be disclosed;

                   10) Profil Dewan Komisaris, paling sedikit              74-75                              10) The Board of Commissioners profiles, at least
                       memuat:                                                                                    include:

                         a)   Nama dan jabatan;                              √                                     a)     Name;

                         b)   Foto terbaru;                                  √                                     b)     Latest photograph;

                         c)   Usia;                                          √                                     c)     Age;

                         d)   Kewarganegaraan;                               √                                     d)     Citizenship;

                         e)   Riwayat pendidikan dan/atau sertifikasi;       √                                     e)     Education;

                         f)   Riwayat jabatan, meliputi informasi:           √                                     f)     History position, covering information on:

                              1)      Dasar hukum pengangkatan               √                                             1)     Legal basis for appointment
                                      sebagai anggota Dewan Komisaris;                                                            as member of the Board of
                                                                                                                                  Commissioners;
                              2)      Dasar hukum pengangkatan               √                                             2)     Legal     bases    for   the   first
                                      pertama kali sebagai anggota                                                                appointments as member of the
                                      Dewan        Komisaris    yang                                                              Board of Commissioners who also
                                      merupakan komisaris independen                                                              Independent Commissioner at the
                                      pada Emiten atau Perusahaan                                                                 said Issuer or Public Company;
                                      Publik yang bersangkutan;
                              3)      Rangkap jabatan, baik sebagai          √                                             3)     Concurrent position, as member
                                      anggota     Dewan      Komisaris,                                                           of the Board of Commissioners,
                                      anggota Direksi, dan/atau anggota                                                           member of the Board of Directors,
                                      komite serta jabatan lainnya baik                                                           and/or member of committee,
                                      di dalam maupun di luar Emiten                                                              and other positions both inside
                                      atau Perusahaan Publik. Dalam                                                               and outside the Issuer or Public
                                                                                                                                  Company. In the event that a
                                      hal anggota Dewan Komisaris
                                                                                                                                  member of the Board of Directors
                                      tidak memiliki rangkap jabatan,
                                                                                                                                  does not have concurrent positions,
                                      maka diungkapkan mengenai hal                                                               then this is disclosed; and
                                      tersebut; dan




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                                                                        Halaman
                              Keterangan                                                   Description
                                                                         Page
                              4)    Pengalaman kerja beserta periode       √                4)   Working experience and period
                                    waktunya baik di dalam maupun                                in and outside the Issuer or Public
                                    di luar Emiten atau Perusahaan                               Company;
                                    Publik;
                         g)   Hubungan afiliasi dengan anggota             √          g)   Disclosure of affiliation with other
                              Dewan Komisaris lainnya, anggota                             members of the Board of Commissioners,
                              Direksi, pemegang saham utama, dan                           members of the Board of Directors, and
                              pengendali baik langsung maupun                              major or controlling shareholders, either
                              tidak langsung sampai kepada pemilik                         directly or indirectly, to individual owners,
                              individu, meliputi nama pihak yang                           including the names of affiliated parties.
                                                                                           In the event that a member of the Board
                              terafiliasi. Dalam hal anggota Dewan
                                                                                           of Commissioners has no affiliation, the
                              Komisaris tidak memiliki hubungan
                                                                                           Issuer or Public Company shall disclose
                              afiliasi, maka Emiten atau Perusahaan                        this matter;
                              Publik mengungkapkan hal tersebut;
                         h)   Pernyataan independensi komisaris           160         h)   Statement of independence of Independent
                              independen dalam hal komisaris                               Commissioner in the event that the
                              independen telah menjabat lebih dari 2                       Independent Commissioner has been
                              (dua) periode; dan                                           appointed more than 2 (two) periods; and

                         i)   Perubahan komposisi anggota Dewan           159         i)   Changes in the composition of the Board
                              Komisaris dan alasan perubahannya.                           of Commissioners and the reasons for
                              Dalam hal tidak terdapat perubahan                           the changes. In the event that there is no
                              komposisi anggota Dewan Komisaris,                           change in the composition of the members
                              maka diungkapkan mengenai hal                                of the Board of Commissioners, this
                              tersebut;                                                    matter shall be disclosed;

                    11) Dalam hal terdapat perubahan susunan              159     11) In the event there were changes in the
                        anggota Direksi dan/atau anggota Dewan                        composition of the Board of Commissioners
                        Komisaris yang terjadi setelah tahun buku                     and/or the Board of Directors occurred
                        berakhir sampai dengan batas waktu                            between the period after year-end until the
                        penyampaian Laporan Tahunan, susunan                          date the Annual Report submitted, then the last
                        yang dicantumkan dalam Laporan Tahunan                        and the previous composition of the Board of
                                                                                      Commissioners and/or the Board of Directors
                        adalah susunan anggota Direksi dan/atau
                                                                                      shall be stated in the Annual Report;
                        anggota Dewan Komisaris yang terakhir dan
                        sebelumnya;
                    12) Jumlah karyawan menurut jenis kelamin,          274-275   12) Number of employees by gender, position,
                        jabatan, usia, tingkat pendidikan, dan status                 age, education level, and employment status
                        ketenagakerjaan (tetap/kontrak) dalam                         (permanent/contracted) in the financial year;
                        tahun buku; Pengungkapan informasi dapat                      Disclosure of information can be presented in
                        disajikan dalam bentuk tabel.                                 table form.

                    13) Nama pemegang saham dan persentase               76-78    13) Names of shareholders and ownership
                        kepemilikan pada awal dan akhir tahun                         percentage at the end of the fiscal year,
                        buku, yang terdiri dari informasi mengenai:                   including:

                         a)   Pemegang saham yang memiliki 5%              √          a)   Shareholders having 5% (five percent) or
                              (lima persen) atau lebih saham Emiten                        more shares of Issuer or Public Company;
                              atau Perusahaan Publik;
                         b)   Anggota Direksi dan anggota Dewan            √          b)   Members of the Board of Directors and
                              Komisaris yang memiliki saham                                the Board of Commissioners who own
                              Emiten atau Perusahaan Publik. Dalam                         shares in Issuers or Public Companies. In
                              hal seluruh anggota Direksi dan/atau                         the event that all members of the Board of
                              seluruh anggota Dewan Komisaris tidak                        Directors and/or all members of the Board
                              memiliki saham, maka diungkapkan                             of Commissioners do not own shares, then
                                                                                           this matter is disclosed; and
                              mengenai hal tersebut; dan
                         c)   Kelompok         pemegang         saham      √          c)   Groups of public shareholders, or groups
                              masyarakat, yaitu kelompok pemegang                          of shareholders, each with less than 5%
                              saham yang masing-masing memiliki                            (five percent) ownership shares of the
                              kurang dari 5% (lima persen) saham                           Issuers or Public Company;
                              Emiten atau Perusahaan Publik;
                              Informasi di atas dapat disajikan dalam
                              bentuk tabel.




2025 Annual Report & Sustainability Report                               343                                PT Hexindo Adiperkasa Tbk

Page 344
 Ikhtisar 2025 | 2025 Highlights                                                  Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                            Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                              Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




                                                                          Halaman
                              Keterangan                                                                                 Description
                                                                           Page
                   14) Persentase kepemilikan tidak langsung                78                                14) The percentage of indirect ownership of
                       atas saham Emiten atau Perusahaan                                                          the shares of the Issuer or Public Company
                       Publik oleh anggota Direksi dan anggota                                                    by members of the Board of Directors and
                       Dewan Komisaris pada awal dan akhir                                                        members of the Board of Commissioners
                       tahun buku, termasuk informasi mengenai                                                    at the beginning and end of the financial
                       pemegang saham yang terdaftar dalam                                                        year, including information on shareholders
                                                                                                                  registered in the shareholder register for the
                       daftar pemegang saham untuk kepentingan
                                                                                                                  benefit of indirect ownership of members of
                       kepemilikan tidak langsung anggota Direksi
                                                                                                                  the Board of Directors and members of the
                       dan anggota Dewan Komisaris; Dalam hal                                                     Board of Commissioners; In the event that all
                       seluruh anggota Direksi dan/atau seluruh                                                   the members of the Board of Directors and/or
                       anggota Dewan Komisaris tidak memiliki                                                     all members of the Board of Commissioners do
                       kepemilikan tidak langsung atas saham                                                      not have indirect ownership of the shares of the
                       Emiten atau Perusahaan Publik, maka                                                        Issuer or Public Company, this matter shall be
                       diungkapkan mengenai hal tersebut.                                                         disclosed.
                   15) Jumlah pemegang saham dan persentase                78-79                              15) Number of shareholders and ownership
                       kepemilikan per akhir tahun buku                                                           percentage at the end of the fiscal year, based
                       berdasarkan klasifikasi:                                                                   on:

                         a)   Kepemilikan institusi lokal;                   √                                     a)     Ownership of local institutions;

                         b)   Kepemilikan institusi asing;                   √                                     b)     Ownership of foreign institutions;

                         c)   Kepemilikan individu lokal; dan                √                                     c)     Ownership of local individual; and

                         d)   Kepemilikan individu asing;                    √                                     d)     Ownership of foreign individual.

                   16) Informasi mengenai pemegang saham utama              80                                16) Information on major shareholders and
                       dan pengendali Emiten atau Perusahaan                                                      controlling shareholders of Issuers or Public
                       Publik, baik langsung maupun tidak                                                         Company, directly or indirectly, and also
                       langsung, sampai kepada pemilik individu,                                                  individual shareholder, presented in the form of
                       yang disajikan dalam bentuk skema atau                                                     scheme or diagram;
                       bagan;
                   17) Nama entitas anak, perusahaan asosiasi,             80-82                              17) Name of subsidiaries, associated companies,
                       perusahaan ventura bersama dimana                                                          joint venture controlled by Issuers or Public
                       Emiten atau Perusahaan Publik memiliki                                                     Company, with entity, percentage of stock
                       pengendalian bersama entitas (jika ada),                                                   ownership, line of business, total assets and
                       beserta persentase kepemilikan saham,                                                      operating status of the Issuers of Public
                       bidang usaha, total aset, dan status                                                       Company (if any); For subsidiaries, include the
                                                                                                                  addresses of the said subsidiaries;
                       operasi entitas anak, perusahaan asosiasi,
                       perusahaan ventura bersama; Untuk entitas
                       anak, ditambahkan informasi mengenai
                       alamat entitas anak tersebut.
                   18) Kronologis pencatatan saham, jumlah                  76                                18) Chronology of share listing, number of shares,
                       saham, nilai nominal, dan harga penawaran                                                  par value, and bid price from the beginning of
                       dari awal pencatatan hingga akhir tahun                                                    listing up to the end of the financial year, and
                       buku serta nama bursa efek dimana saham                                                    name of Stock Exchange where the Issuers or
                       Emiten atau Perusahaan Publik dicatatkan,                                                  Public Company shares are listed;
                       termasuk pemecahan saham (stock split),
                       penggabungan saham (reverse stock), dividen
                       saham, saham bonus, dan perubahan nilai
                       nominal saham, pelaksanaan efek konversi,
                       penambahan dan pengurangan modal (jika
                       ada);
                   19) Informasi pencatatan efek lainnya selain efek        76                                19) Chronology of securities listing in addition to
                       sebagaimana dimaksud pada angka 18), yang                                                  the said security in point 18), which at least
                       belum jatuh tempo pada tahun buku paling                                                   should contain the name of the Securities, year
                       sedikit memuat nama efek, tahun penerbitan,                                                of issuance, date of maturity, bid price, and
                       tingkat suku bunga/imbal hasil, tanggal jatuh                                              rating of the securities (if any);
                       tempo, nilai penawaran, dan peringkat efek
                       (jika ada);
                   20) Informasi penggunaan jasa akuntan publik             83                                20) Information on public accounting services (AP)
                       (AP) dan kantor akuntan publik (KAP)                                                       and public accounting firms (KAP) and their
                       beserta    jaringan/   asosiasi/aliansinya                                                 networks/associations/allies includes:
                       meliputi:
                         a)   Nama dan alamat;                               √                                     a)     Name and address;

                         b)   Periode penugasan;                             √                                     b)     Assignment period;

                         c)   Informasi jasa audit dan/atau non audit        √                                     c)     Information on audit and/or non-audit
                              yang diberikan;                                                                             services provided;

                         d)   Biaya jasa (fee) audit dan/atau non audit      √                                     d)     Audit and/or non-audit fee for each
                              untuk masing-masing penugasan yang                                                          assignment given during the financial
                              diberikan selama tahun buku; dan                                                            year; and




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                                                                          Halaman
                              Keterangan                                                            Description
                                                                           Page
                         e)   Dalam hal AP dan KAP beserta                   √                 e)   In the event that AP and KAP and their
                              jaringan/asosiasi/aliansinya,       yang                              network/association/alliance,        which
                              ditunjuk tidak memberikan jasa non                                    are appointed do not provide non-audit
                              audit, maka diungkapkan mengenai                                      services, then the information is disclosed
                              informasi tersebut; dan Pengungkapan                                  and Disclosure of information on AP
                              informasi penggunaan jasa AP dan KAP                                  and KAP services and their networks/
                                                                                                    associations/alliances can be presented in
                              beserta      jaringan/asosiasi/aliansinya
                                                                                                    table form.
                              dapat disajikan dalam bentuk tabel.
                    21) Nama dan alamat lembaga dan/atau profesi            83           21) Name and address of capital market supporting
                        penunjang pasar modal selain AP dan KAP.                             institutions and/or professions other than AP
                                                                                             and KAP.
             f.    Analisis dan Pembahasan Manajemen                       88-129   f.   Management Discussion and Analysis
                   Analisis dan pembahasan manajemen memuat                              Management Discussion and Analysis should contain
                   analisis dan pembahasan mengenai laporan                              discussion and analysis on financial statements and
                   keuangan dan informasi penting lainnya dengan                         other material information emphasizing material
                   penekanan pada perubahan material yang terjadi                        changes that occurred during the year under review,
                   dalam tahun buku, yaitu paling sedikit memuat:                        at least including:

                    1)   Tinjauan operasi per segmen operasi               92-99         1)   Operational review per business segment,
                         sesuai dengan jenis industri Emiten atau                             according to the type of industry of the Issuer or
                         Perusahaan Publik, paling sedikit mengenai:                          Public Company including:

                         a)   Produksi, yang meliputi proses,                √                 a)   Production, which includes           process,
                              kapasitas, dan perkembangannya;                                       capacity and its development;

                         b)   Pendapatan/penjualan; dan                      √                 b)   Income/sales; and

                         c)   Profitabilitas;                                √                 c)   Profitability;

                    2)   Kinerja keuangan komprehensif yang               100-112        2)   Comprehensive financial performance analysis
                         mencakup perbandingan kinerja keuangan                               which includes a comparison between the
                         dalam 2 (dua) tahun buku terakhir,                                   financial performance of the last 2 (two) fiscal
                         penjelasan tentang penyebab, adanya                                  years, and explanation on the causes and effects
                         perubahan dan dampak perubahan tersebut                              of such changes, among others concerning:
                         paling sedikit mengenai:
                         a)   Aset lancar, aset tidak lancar, dan total      √                 a)   Current assets, non-current assets, and
                              aset;                                                                 total assets;

                         b)   Liabilitas jangka pendek, liabilitas           √                 b)   Short-term liabilities, long-term liabilities,
                              jangka panjang, dan total liabilitas;                                 total liabilities;

                         c)   Ekuitas;                                       √                 c)   Equities;

                         d)   Pendapatan/penjualan, beban, laba              √                 d)   Sales, operating revenues, expenses
                              (rugi), penghasilan komprehensif lain,                                and profit (loss), other comprehensive
                              dan total laba (rugi) komprehensif;                                   revenues, and total comprehensive profit
                                                                                                    (loss);
                         e)   Arus kas;                                      √                 e)   Cash flows;

                    3)   Kemampuan        membayar  utang    atau         114-115        3)   The capacity to pay debts by including the
                         kewajiban dengan menyajikan perhitungan                              computation of relevant ratios;
                         rasio yang relevan;
                    4)   Tingkat kolektibilitas piutang Emiten atau         116          4)   Accounts receivable collectability of the Issuer or
                         Perusahaan Publik dengan menyajikan                                  Public Company, including the computation of
                         perhitungan rasio yang relevan;                                      the relevant ratios;

                    5)   Struktur modal (capital structure) dan           117-118        5)   Capital structure and management policies
                         kebijakan manajemen atas struktur modal                              concerning capital structure, including the basis
                         (capital structure) tersebut disertai dasar                          for determining the said policy;
                         penentuan kebijakan dimaksud;
                    6)   Bahasan mengenai ikatan yang material              116          6)   Discussion on material ties for the investment
                         untuk investasi barang modal dengan                                  of capital goods, including the explanation on
                         penjelasan paling sedikit meliputi:                                  at least:

                         a)   Tujuan dari ikatan tersebut;                  N/A                a)   The purpose of such ties;

                         b)   Sumber dana yang diharapkan untuk             N/A                b)   Source of funds expected to fulfill the said
                              memenuhi ikatan tersebut;                                             ties;

                         c)   Mata uang yang menjadi denominasi;            N/A                c)   Currency of denomination; and
                              dan
                         d)   Langkah yang direncanakan Emiten              N/A                d)   Steps taken by the Issuer or Public
                              atau    Perusahaan     Publik     untuk                               Company to protect the position of a
                              melindungi risiko dari posisi mata uang                               related foreign currency against risks;
                              asing yang terkait;




2025 Annual Report & Sustainability Report                                 345                                        PT Hexindo Adiperkasa Tbk

Page 346
 Ikhtisar 2025 | 2025 Highlights                                                 Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                           Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                             Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




                                                                         Halaman
                              Keterangan                                                                                Description
                                                                          Page
                   7)    Bahasan mengenai investasi barang modal         118-119                            7)   Discussion on investment of capital goods which
                         yang direalisasikan dalam tahun buku                                                    was realized in the last fiscal year, at least include:
                         terakhir, paling sedikit meliputi:
                         a)   Jenis investasi barang modal;                 √                                     a)     Type of investment of capital goods;

                         b)   Tujuan investasi barang modal; dan            √                                     b)     Objective of the investment of capital
                                                                                                                         goods; and
                         c)   Nilai investasi barang modal yang             √                                     c)     Value of the investment of capital goods;
                              dikeluarkan;
                   8)    Informasi dan fakta material yang terjadi       119-120                            8)   Material information and facts that occurring
                         setelah tanggal laporan akuntan (jika ada);                                             after the date of the accountant's report (if any);

                   9)    Prospek usaha dari Emiten atau Perusahaan       128-129                            9)   Information on the prospects of the Issuer or the
                         Publik dikaitkan dengan kondisi industri,                                               Company in connection with industry, economy
                         ekonomi secara umum dan pasar                                                           in general, accompanied with supporting
                         internasional disertai data pendukung                                                   quantitative data if there is a reliable data source;
                         kuantitatif dari sumber data yang layak
                         dipercaya;
                   10) Perbandingan antara target/proyeksi pada          120-121                            10) Comparison between target/projection at
                       awal tahun buku dengan hasil yang dicapai                                                beginning of year and result (realization),
                       (realisasi), mengenai:                                                                   concerning:

                         a)   Pendapatan/penjualan;                         √                                     a)     Income/sales;

                         b)   Laba (rugi);                                  √                                     b)     Profit (loss);

                         c)   Struktur modal (capital structure); atau      √                                     c)     Capital structure; or

                         d)   Hal lainnya yang dianggap penting bagi        √                                     d)     Others that deemed necessary for the
                              Emiten atau Perusahaan Publik;                                                             Issuer or Public Company;

                   11) Target/proyeksi yang ingin dicapai Emiten           121                              11) Target/projection at most for the next one year of
                       atau Perusahaan Publik untuk 1 (satu) tahun                                              the Issuer or Public Company, concerning:
                       mendatang, mengenai:
                         a)   Pendapatan/penjualan;                         √                                     a)     Income/sales;

                         b)   Laba (rugi);                                  √                                     b)     Profit (loss);

                         c)   Struktur modal (capital structure); atau      √                                     c)     Capital structure; or

                         d)   Kebijakan dividen; atau                       √                                     d)     Dividend policy; or

                         e)   Hal lainnya yang dianggap penting bagi        √                                     e)     Others that deemed necessary for the
                              Emiten atau Perusahaan Publik.                                                             Issuer or Public Company.

                   12) Aspek pemasaran atas barang dan/atau              122-123                            12) Marketing aspects of the company's products
                       jasa Emiten atau Perusahaan Publik, paling                                               and/or services the Issuer or Public Company,
                       sedikit mengenai strategi pemasaran dan                                                  among others marketing strategy and market
                       pangsa pasar;                                                                            share;

                   13) Uraian mengenai dividen selama 2 (dua)            123-124                            13) Description regarding the dividend policy
                       tahun buku terakhir, paling sedikit:                                                     during the last 2 (two) fiscal years, at least:

                         a)   Kebijakan dividen, antara lain memuat         √                                     a)     Dividend     policy,    which     includes
                              informasi persentase jumlah dividen                                                        information on the percentage of
                              yang dibagikan terhadap laba bersih;                                                       dividends distributed to net income;

                         b)   Tanggal pembayaran dividen kas dan/           √                                     b)     The date of the payment of cash dividend
                              atau tanggal distribusi dividen non kas;                                                   and/or date of distribution of non-cash
                                                                                                                         dividend;
                         c)   Jumlah dividen per saham (kas dan/atau        √                                     c)     Amount of cash per share (cash and/or
                              non kas); dan                                                                              non-cash); and

                         d)   Jumlah dividen per tahun yang dibayar;        √                                     d)     The amount of dividends paid per
                              Pengungkapan       informasi      dapat                                                    year; Disclosure of information can be
                              disajikan dalam bentuk tabel. Dalam hal                                                    presented in table form. In the event that
                              Emiten atau Perusahaan Publik tidak                                                        the Issuer or Public Company does not
                              membagikan dividen dalam 2 (dua)                                                           distribute dividends in the last 2 (two)
                              tahun terakhir, maka diungkapkan                                                           years, this matter shall be disclosed.
                              mengenai hal tersebut.
                   14) Realisasi penggunaan dana hasil Penawaran            √                               14) Use of proceeds from Public Offerings, under the
                       Umum, dengan ketentuan:                                                                  condition of:




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                                                                          Halaman
                              Keterangan                                                       Description
                                                                           Page
                         a)   Dalam hal selama tahun buku, Emiten           N/A           a)   During the year under review, on which
                              memiliki kewajiban menyampaikan                                  the Issuer has the obligation to report
                              laporan      realisasi  penggunaan                               the realization of the use of proceeds,
                              dana, maka diungkapkan realisasi                                 then the realization of the cumulative use
                              penggunaan dana hasil Penawaran                                  of proceeds until the year end should be
                              Umum secara kumulatif sampai dengan                              disclosed; and
                              akhir tahun buku; dan
                         b)   Dalam hal terdapat perubahan                  124           b)   In the event that there were changes in
                              penggunaan      dana   sebagaimana                               the use of proceeds as stipulated in the
                              diatur dalam Peraturan Otoritas Jasa                             Regulation of the Financial Services
                              Keuangan tentang Laporan Realisasi                               Authority on the Report of the Utilization
                              Penggunaan Dana Hasil Penawaran                                  of Proceeds from Public Offering, then
                              Umum, maka Emiten menjelaskan                                    Issuer should explain the said changes;
                              perubahan tersebut;
                    15) Informasi material (jika ada), antara lain          N/A     15) Material information (if any), among others
                        mengenai investasi, ekspansi, divestasi,                        concerning investment, expansion, divestment,
                        penggabungan/peleburan usaha, akuisisi,                         acquisition,       debt/capital      restructuring,
                        restrukturisasi  utang/modal,      transaksi                    transactions with related parties and transactions
                        material, transaksi afiliasi, dan transaksi                     with conflict of interest that occurred during the
                        benturan kepentingan, yang terjadi pada                         year under review, among others include:
                        tahun buku, paling sedikit memuat:
                         a)   Tanggal, nilai, dan objek transaksi;          N/A           a)   Transaction date, value, and object;

                         b)   Nama pihak yang melakukan transaksi;        124-126         b)   Name of transacting parties;

                         c)   Sifat hubungan Afiliasi (jika ada);           N/A           c)   Nature of affiliate relationship (if any);

                         d)   Penjelasan      mengenai       kewajaran      N/A           d)   Description of the fairness of the
                              transaksi;                                                       transaction;

                         e)   Pemenuhan ketentuan terkait; dan                            e)   Compliance with        related    rules      and
                                                                                               regulations; and
                         f)   Dalam hal terdapat hubungan afiliasi,         N/A           f)   In the event there is an affiliation
                              selain  mengungkapkan     informasi                              relationship, in addition to disclosing the
                              sebagaimana     dimaksud      dalam                              information as referred to in letter a) to
                              huruf a) sampai dengan huruf e),                                 letter e), the Issuer or Public Company also
                              Emiten atau Perusahaan Publik juga                               discloses information:
                              mengungkapkan informasi:
                              1)    Pernyataan        Direksi     bahwa     N/A                1)   A statement from the Board of
                                    transaksi afiliasi telah melalui                                Directors that the affiliate transaction
                                    prosedur yang memadai untuk                                     has conducted through adequate
                                    memastikan bahwa transaksi                                      procedures to ensure that the affiliate
                                    afiliasi dilaksanakan sesuai dengan                             transaction is in line with generally
                                    praktik bisnis yang berlaku umum                                accepted business practices, among
                                                                                                    others, by complying with the arm's
                                    antara lain dilakukan dengan
                                                                                                    length principle; and
                                    memenuhi prinsip transaksi yang
                                    wajar (arm's length principle); dan
                              2)    Peran Dewan Komisaris dan               N/A                2)   The Board of Commissioners and
                                    komite audit dalam melakukan                                    the audit committee roles in carrying
                                    prosedur yang memadai untuk                                     out adequate procedures to ensure
                                    memastikan bahwa transaksi                                      that affiliate transactions are carried
                                    afiliasi dilaksanakan sesuai dengan                             out in accordance with generally
                                    praktik bisnis yang berlaku umum                                accepted business practices, among
                                                                                                    others, by complying with the arm's
                                    antara lain dilakukan dengan
                                                                                                    length principle;
                                    memenuhi prinsip transaksi yang
                                    wajar (arm's length principle);




2025 Annual Report & Sustainability Report                                 347                                   PT Hexindo Adiperkasa Tbk

Page 348
 Ikhtisar 2025 | 2025 Highlights                                                 Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                           Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                             Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




                                                                         Halaman
                              Keterangan                                                                                Description
                                                                          Page
                         g)   Untuk transaksi afiliasi atau transaksi       √                                     g)     For affiliate transactions or material
                              material yang merupakan kegiatan                                                           transactions which are business activities
                              usaha yang dijalankan dalam rangka                                                         carried out in order to generate business
                              menghasilkan pendapatan usaha dan                                                          income and are carried out regularly,
                              dijalankan secara rutin, berulang,                                                         repeatedly, and/or continuously, an
                              dan/atau berkelanjutan, ditambahkan                                                        explanation is added that the affiliate
                                                                                                                         transactions or material transactions are
                              penjelasan bahwa transaksi afiliasi atau
                                                                                                                         business activities carried out in order
                              transaksi material tersebut merupakan
                                                                                                                         to generate business income and are
                              kegiatan usaha yang dijalankan dalam                                                       carried out regularly, repeatedly, and/or
                              rangka menghasilkan pendapatan usaha                                                       continuously. In the event that the affiliated
                              dan dijalankan secara rutin, berulang,                                                     transactions or material transactions
                              dan/atau     berkelanjutan.      Dalam                                                     referred to have been disclosed in the
                              hal transaksi afiliasi atau transaksi                                                      annual financial statements, additional
                              material dimaksud telah diungkapkan                                                        information regarding the disclosure
                              dalam laporan keuangan tahunan,                                                            reference in the annual financial
                              ditambahkan informasi mengenai                                                             statements is added.
                              rujukan pengungkapan dalam laporan
                              keuangan tahunan tersebut.
                         h)   Untuk      pengungkapan       transaksi      N/A                                    h)     For disclosure of affiliate transactions
                              afiliasi dan/atau transaksi benturan                                                       and/or conflict of interest transactions
                              kepentingan yang merupakan hasil                                                           resulting from the implementation of
                              pelaksanaan transaksi afiliasi dan/                                                        affiliate transactions and/or conflict
                              atau transaksi benturan kepentingan                                                        of interest transactions that have been
                              yang telah disetujui pemegang saham                                                        approved by independent shareholders,
                                                                                                                         additional information regarding the date
                              independen, ditambahkan informasi
                                                                                                                         of the GMS which approved the affiliated
                              mengenai tanggal pelaksanaan RUPS
                                                                                                                         transactions and/or conflict of interest
                              yang menyetujui transaksi afiliasi dan/                                                    transactions is added;
                              atau benturan kepentingan tersebut;
                         i)   Dalam hal tidak terdapat transaksi           N/A                                    i)     In the event that there is no affiliate
                              afiliasi dan/atau transaksi benturan                                                       transaction and/or conflict of interest
                              kepentingan,     maka    diungkapkan                                                       transaction, then this matter shall be
                              mengenai hal tersebut;                                                                     disclosed;

                   16) Perubahan ketentuan peraturan perundang-          127-128                            16) Changes in regulation which have a significant
                       undangan yang berpengaruh signifikan                                                     effect on the Issuer or Public Company and
                       terhadap Emiten atau Perusahaan Publik dan                                               impacts on the company (if any); and
                       dampaknya terhadap laporan keuangan (jika
                       ada); dan
                   17) Perubahan kebijakan akuntansi, alasan dan           128                              17) Changes in the accounting policy, rationale and
                       dampaknya terhadap laporan keuangan (jika                                                impact on the financial statement (if any).
                       ada).
             g.   Tata Kelola Emiten atau Perusahaan Publik              132-217                     g.     Corporate Governance of the Issuer or Public
                  Tata kelola Emiten atau Perusahaan Publik paling                                          Company
                  sedikit memuat uraian singkat mengenai:                                                   Corporate Governance of the Issuer or Public
                                                                                                            Company contains at least:
                   1)    RUPS, paling sedikit memuat:                    140-145                            1)   GMS, at least contains:

                         a)   Informasi mengenai keputusan RUPS             √                                     a)     Information on the resolution from
                              pada tahun buku dan 1 (satu) tahun                                                         the AGM of the previous 1 (one) year,
                              sebelum tahun buku meliputi:                                                               covering:

                              1)    Keputusan RUPS pada tahun buku          √                                            1)   Resolutions of the GMS in the
                                    dan 1 (satu) tahun sebelum tahun                                                          financial year and 1 (one) year before
                                    buku yang direalisasikan pada                                                             the financial year are realized in the
                                    tahun buku; dan                                                                           financial year; and

                              2)    Keputusan RUPS pada tahun               √                                            2)   Resolutions of the GMS for the
                                    buku dan 1 (satu) tahun                                                                   financial year and 1 (one) year prior
                                    sebelum tahun buku yang belum                                                             to the financial year that have not
                                    direalisasikan beserta alasan                                                             been realized and the reasons for not
                                    belum direalisasikan;                                                                     realizing them;

                         b)   Dalam hal Emiten atau Perusahaan              √                                     b)     In the event that the Issuer or Public
                              Publik menggunakan pihak independen                                                        Company uses an independent party
                              dalam pelaksanaan RUPS untuk                                                               in GMS to calculate the votes, then this
                              melakukan perhitungan suara, maka                                                          matter shall be disclosed;
                              diungkapkan mengenai hal tersebut;
                   2)    Direksi, paling sedikit memuat:                 146-156                            2)   The Board of Directors, covering:




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                                                                         Halaman
                              Keterangan                                                     Description
                                                                          Page
                         a)   Tugas dan tanggung jawab masing-              √           a)   Duties and responsibilities of each member
                              masing anggota Direksi; Informasi                              of the Board of Directors; Information
                              mengenai tugas dan tanggung jawab                              regarding the duties and responsibilities
                              masing-masing    anggota     Direksi                           of each member of the Board of Directors
                              diuraikan dan dapat disajikan dalam                            is described and can be presented in table.
                              bentuk tabel.
                         b)   Pernyataan bahwa Direksi memiliki             √           b)   A statement that the Board of Directors
                              pedoman atau piagam (charter) Direksi;                         has guidelines or charter for the Board of
                                                                                             Directors;
                         c)   Kebijakan dan pelaksanaan frekuensi           √           c)   Policies and frequency of Board of
                              rapat Direksi, rapat Direksi bersama                           Directors meetings, joint meetings of
                              Dewan      Komisaris,    dan   tingkat                         the Board of Directors with the Board
                              kehadiran anggota Direksi dalam                                of Commissioners, and the attendance
                              rapat tersebut termasuk kehadiran                              of members of the Board of Directors in
                              dalam RUPS; Informasi tingkat                                  the meeting including attendance at the
                                                                                             GMS; Information on the attendance of
                              kehadiran anggota Direksi dalam rapat
                                                                                             members of the Board of Directors at the
                              Direksi, rapat Direksi bersama Dewan
                                                                                             meeting of the Board of Directors, joint
                              Komisaris, atau RUPS dapat disajikan                           meeting of the Board of Directors with the
                              dalam bentuk tabel.                                            Board of Commissioners, or the GMS can
                                                                                             be presented in table.
                         d)   Pelatihan    dan/atau    peningkatan          √           d)   Training and/or competency of members
                              kompetensi anggota Direksi:                                    of the Board of Directors:

                              1)    Kebijakan pelatihan dan/atau            √                1)   Policies related to training and/or
                                    peningkatan kompetensi anggota                                the competency improvement of
                                    Direksi,   termasuk       program                             members of the Board of Directors,
                                    orientasi bagi anggota Direksi                                including an orientation program
                                    yang baru diangkat (jika ada); dan                            for newly appointed members of the
                                                                                                  Board of Directors (if any); and
                              2)    Pelatihan dan/atau peningkatan          √                2)   Training      and/or     competency
                                    kompetensi yang diikuti anggota                               improvement attended by members
                                    Direksi dalam tahun buku (jika                                of the Board of Directors in the
                                    ada);                                                         financial year (if any);

                         e)   Penilaian Direksi terhadap kinerja            √           e)   The Board of Directors' assessment of the
                              komite yang mendukung pelaksanaan                              committees' performance that support the
                              tugas Direksi pada tahun buku paling                           implementation of the Board of Directors'
                              sedikit memuat:                                                duties for the financial year shall at least
                                                                                             contain:
                              1)    Prosedur penilaian kinerja; dan         √                1)   Performance appraisal procedures;
                                                                                                  and
                              2)    Kriteria yang digunakan seperti         √                2)   The criteria used such as performance
                                    capaian kinerja selama tahun                                  achievements during the financial
                                    buku, kompetensi dan kehadiran                                year, competence and attendance at
                                    dalam rapat; dan                                              meetings; and

                              3)    Dalam hal Emiten atau Perusahaan        √                3)   In the event the Issuer or Public
                                    Publik tidak memiliki komite                                  Company does not have a committee
                                    yang mendukung pelaksanaan                                    that supports the implementation of
                                    tugas Direksi, maka diungkapkan                               the duties of the Board of Directors,
                                    mengenai hal tersebut.                                        then this shall be disclosed.

                    3)   Dewan Komisaris, paling sedikit memuat:         157-164   3)   The Board of Commissioners, at least contains:

                         a)   Tugas dan tanggung jawab Dewan             157-159        a)   Duties and responsibilities of the Board of
                              Komisaris;                                                     Commissioners;

                         b)   Pernyataan bahwa Dewan Komisaris             157          b)   Statement that the Board of Commissioner
                              memiliki pedoman atau piagam                                   has already have the board manual or
                              (charter) Dewan Komisaris;                                     charter;

                         c)   Kebijakan dan pelaksanaan frekuensi           √           c)   Policies and the frequency of the Board
                              rapat Dewan Komisaris, rapat Dewan                             of Commissioners meetings, joint
                              Komisaris bersama Direksi dan                                  meetings of the Board of Commissioners
                              tingkat kehadiran anggota Dewan                                with the Board of Directors and the
                              Komisaris dalam rapat tersebut                                 attendance of members of the Board of
                              termasuk kehadiran dalam RUPS;                                 Commissioners at the meeting including
                                                                                             attendance at the GMS; Information on
                              Informasi tingkat kehadiran anggota
                                                                                             the attendance of members of the Board
                              Dewan Komisaris dalam rapat Dewan
                                                                                             of Commissioners at the meetings of the
                              Komisaris, rapat Dewan Komisaris                               Board of Commissioners, the meeting
                              bersama Direksi, atau RUPS dapat                               of the Board of Commissioners with the
                              disajikan dalam bentuk tabel.                                  Board of Directors, or the GMS can be
                                                                                             presented in table.




2025 Annual Report & Sustainability Report                                349                                 PT Hexindo Adiperkasa Tbk

Page 350
 Ikhtisar 2025 | 2025 Highlights                                               Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                         Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                           Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




                                                                       Halaman
                              Keterangan                                                                              Description
                                                                        Page
                         d)   Pelatihan    dan/atau   peningkatan         √                                     d)     Training      and/or       competency
                              kompetensi anggota Dewan Komisaris:                                                      improvement of members of the Board of
                                                                                                                       Commissioners:
                              1)    Kebijakan pelatihan dan/atau          √                                            1)   Policies   on    training    and/or
                                    peningkatan kompetensi anggota                                                          the     competency     improvement
                                    Dewan Komisaris, termasuk                                                               of members of the Board of
                                    program orientasi bagi anggota                                                          Commissioners             including
                                    Dewan Komisaris yang baru                                                               orientation programs for newly
                                    diangkat (jika ada); dan                                                                appointed members of the Board of
                                                                                                                            Commissioners (if any); and
                              2)    Pelatihan dan/atau peningkatan        √                                            2)   Training      and/or     competency
                                    kompetensi yang diikuti anggota                                                         improvement attended by members
                                    Dewan Komisaris dalam tahun                                                             of the Board of Commissioners in the
                                    buku (jika ada);                                                                        financial year (if any);

                         e)   Penilaian kinerja Direksi dan Dewan         √                                     e)     Performance appraisal of the Board
                              Komisaris serta masing-masing anggota                                                    of Directors and the Board of
                              Direksi dan anggota Dewan Komisaris,                                                     Commissioners as well as each member
                              paling sedikit memuat:                                                                   of the Board of Directors and the Board of
                                                                                                                       Commissioners, at least contain:
                              1)    Prosedur pelaksanaan penilaian        √                                            1)   Procedure for the implementation of
                                    kinerja;                                                                                performance assessment;

                              2)    Kriteria yang digunakan seperti       √                                            2)   The criteria used such as performance
                                    capaian kinerja selama tahun                                                            achievements during the financial
                                    buku, kompetensi dan kehadiran                                                          year, competence and attendance at
                                    dalam rapat; dan                                                                        meetings; and

                              3)    Pihak yang melakukan penilaian;       √                                            3)   Assessor; and
                                    dan
                         f)   Penilaian Dewan Komisaris terhadap          √                                     f)     The Board of Commissioners' assessment
                              kinerja Komite yang mendukung                                                            of the Committees' performance that
                              pelaksanaan tugas Dewan Komisaris                                                        support the implementation of the duties
                              pada tahun buku meliputi:                                                                of the Board of Commissioners in the
                                                                                                                       financial year includes:
                              1)    Prosedur penilaian kinerja; dan       √                                            1)   Performance appraisal procedures;
                                                                                                                            and
                              2)    Kriteria yang digunakan seperti       √                                            2)   The criteria used such as performance
                                    capaian kinerja selama tahun                                                            achievements during the financial
                                    buku, kompetensi dan kehadiran                                                          year, competence and attendance at
                                    dalam rapat.                                                                            meetings.

                   4)    Nominasi dan remunerasi Direksi dan           164-168                             4)   The nomination and remuneration of the Board
                         Dewan Komisaris, paling sedikit memuat:                                                of Directors and the Board of Commissioners
                                                                                                                shall at least contain:
                         a)   Prosedur nominasi, meliputi uraian          √                                     a)     Nomination procedure, including a brief
                              singkat mengenai kebijakan dan proses                                                    description of the policies and process for
                              nominasi anggota Direksi dan/atau                                                        nomination of members of the Board of
                              anggota Dewan Komisaris; dan                                                             Directors and/or members of the Board of
                                                                                                                       Commissioners; and
                         b)   Prosedur dan pelaksanaan remunerasi         √                                     b)     Procedures and implementation of
                              Direksi dan Dewan Komisaris, antara                                                      remuneration for the Board of Directors
                              lain:                                                                                    and the Board of Commissioners,
                                                                                                                       including:
                              1)    Prosedur penetapan remunerasi         √                                            1)   The procedure for determining
                                    Direksi dan Dewan Komisaris;                                                            the remuneration of the Board
                                                                                                                            of Directors and the Board of
                                                                                                                            Commissioners;
                              2)    Struktur remunerasi Direksi dan       √                                            2)   The remuneration structure of the
                                    Dewan Komisaris seperti, gaji,                                                          Board of Directors and the Board
                                    tunjangan, tantiem/bonus dan                                                            of Commissioners such as salary,
                                    lainnya; dan                                                                            allowances, tantiem/bonus and
                                                                                                                            others; and
                              3)    Besarnya remunerasi masing-           √                                            3)   The amount of remuneration for
                                    masing anggota Direksi dan                                                              each member of the Board of
                                    anggota     Dewan     Komisaris;                                                        Directors and member of the Board
                                    Pengungkapan informasi dapat                                                            of Commissioners; Disclosure of
                                    disajikan dalam bentuk tabel.                                                           information can be presented in
                                                                                                                            table.




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                    5)   Dewan Pengawas Syariah, bagi Emiten                 N/A     5)   Sharia Supervisory Board, for Issuer or Public
                         atau Perusahaan Publik yang menjalankan                          Company that conduct business based on sharia
                         kegiatan usaha berdasarkan prinsip syariah                       law, as stipulated in the articles of association, at
                         sebagaimana tertuang dalam anggaran dasar,                       least containing:
                         paling sedikit memuat:
                         a)   Nama;                                          N/A          a)   Name;

                         b)   Dasar hukum pengangkatan Dewan                 N/A          b)   Legal basis of appointment of Sharia
                              Pengawas Syariah;                                                Supervisory Board;

                         c)   Periode penugasan Dewan Pengawas               N/A          c)   Term of office of Sharia Supervisory Board;
                              Syariah;
                         d)   Tugas dan tanggung jawab Dewan                 N/A          d)   Duty and responsibility            of   Sharia
                              Pengawas Syariah; dan                                            Supervisory Board; and

                         e)   Frekuensi dan cara pemberian nasihat           N/A          e)   Frequency and procedure in providing
                              dan saran serta pengawasan pemenuhan                             advice and suggestions, as well as the
                              prinsip syariah di pasar modal terhadap                          compliance of Sharia Principles of the
                              Emiten atau Perusahaan Publik.                                   Issuer or Public Company in the Capital
                                                                                               Market.
                    6)   Komite Audit, mencakup antara lain:               189-203   6)   Audit Committee, among others covering:

                         a)   Nama     dan    jabatannya         dalam        √           a)   Name and position in the committee;
                              keanggotaan komite;
                         b)   Usia;                                           √           b)   Age;

                         c)   Kewarganegaraan;                                √           c)   Citizenship;

                         d)   Riwayat pendidikan;                             √           d)   Education background;

                         e)   Riwayat jabatan, meliputi informasi:            √           e)   History of position, including:

                              1)      Dasar hukum penunjukan sebagai          √                1)     Legal basis for the appointment as
                                      anggota komite;                                                 member of the committee;

                              2)      Rangkap jabatan, baik sebagai           √                2)     Concurrent position, as a member of
                                      anggota     Dewan      Komisaris,                               Board of Commissioners, member of
                                      anggota Direksi, dan/atau anggota                               Board of Directors, and/or member
                                      komite serta jabatan lainnya (jika                              of the committee, and other position
                                      ada); dan                                                       (if any); and

                              3)      Pengalaman kerja beserta periode        √                3)     Working experience and period
                                      waktunya baik di dalam maupun                                   in and outside the Issuer or Public
                                      di luar Emiten atau Perusahaan                                  Company;
                                      Publik;
                         f)   Periode dan masa jabatan anggota                √           f)   Period and terms of office of the member
                              Komite Audit;                                                    of Audit Committee;

                         g)   Pernyataan independensi Komite Audit;           √           g)   Statement of independence of the Audit
                                                                                               Committee;
                         h)   Pelatihan    dan/atau   peningkatan             √           h)   Training and competency development
                              kompetensi yang telah diikuti dalam                              participated in during the book year (if
                              tahun buku (jika ada);                                           any);

                         i)   Kebijakan dan pelaksanaan frekuensi             √           i)   Policies and implementation of the
                              rapat komite audit dan tingkat                                   frequency of meeting of the Audit
                              kehadiran anggota komite audit dalam                             Committee and attendance of member of
                              rapat tersebut; dan                                              Audit Committee; and

                         j)   Pelaksanaan kegiatan Komite Audit               √           j)   The activities of the Audit Committee in
                              pada tahun buku sesuai dengan yang                               the year under review, in accordance with
                              dicantumkan dalam pedoman atau                                   the Audit Committee Charter.
                              piagam (charter) Komite Audit.
                    7)   Komite atau fungsi nominasi dan remunerasi        164-168   7)   Committee or remuneration and nomination
                         Emiten atau Perusahaan Publik, paling                            functions of Issuer or Public Company at least
                         sedikit memuat:                                                  contains:

                         a)   Nama     dan    jabatannya         dalam       N/A          a)   Name and position in the committee;
                              keanggotaan komite;
                         b)   Usia;                                          N/A          b)   Age;

                         c)   Kewarganegaraan;                               N/A          c)   Citizenship;

                         d)   Riwayat pendidikan;                            N/A          d)   Education background;

                         e)   Riwayat jabatan, meliputi informasi:           N/A          e)   History of position; including:




2025 Annual Report & Sustainability Report                                  351                                   PT Hexindo Adiperkasa Tbk

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 Ikhtisar 2025 | 2025 Highlights                                                      Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                  Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




                                                                              Halaman
                              Keterangan                                                                                     Description
                                                                               Page
                              1)      Dasar hukum penunjukan sebagai            N/A                                            1)     Legal basis for the appointment as
                                      anggota komite;                                                                                 member of the committee;

                              2)      Rangkap jabatan, baik sebagai             N/A                                            2)     Concurrent position, as a member
                                      anggota     Dewan      Komisaris,                                                               of Board of Commissioners,
                                      anggota Direksi, dan/atau anggota                                                               member of Board of Directors, and/
                                      komite serta jabatan lainnya (jika                                                              or member of the committee, and
                                      ada); dan                                                                                       other position (if any); and

                              3)      Pengalaman kerja beserta periode          N/A                                            3)     Working experience and period
                                      waktunya baik di dalam maupun                                                                   in and outside the Issuer or Public
                                      di luar Emiten atau Perusahaan                                                                  Company;
                                      Publik;
                         f)   Periode dan masa jabatan anggota                  N/A                                    f)     Period and terms of office of the member
                              Komite Audit;                                                                                   of Audit Committee;

                         g)   Pernyataan independensi komite;                   N/A                                    g)     Independence       statement      of   Audit
                                                                                                                              Committee;
                         h)   Pelatihan    dan/atau   peningkatan               N/A                                    h)     Training and/or competency development
                              kompetensi yang telah diikuti dalam                                                             participated in during the book year (if
                              tahun buku (jika ada);                                                                          any);

                         i)   Uraian tugas dan tanggung jawab;                   √                                     i)     Description of Duties and Responsibilities;

                         j)   Pernyataan bahwa telah memiliki                    √                                     j)     A statement that already has charter or
                              pedoman atau piagam (charter);                                                                  guidelines;

                         k)   Kebijakan dan pelaksanaan frekuensi                √                                     k)     Policies and frequency of meeting and
                              rapat dan tingkat kehadiran anggota                                                             attendance level at the meeting;
                              dalam rapat tersebut;
                         l)   Uraian singkat pelaksanaan kegiatan                √                                     l)     Description of duties implementation
                              pada tahun buku; dan                                                                            during the book year; and

                         m) Dalam hal tidak dibentuk komite                      √                                     m) In the event that nomination and
                            nominasi dan remunerasi, Emiten                                                               remuneration committee is not formed,
                            atau     Perusahaan  Publik     cukup                                                         the Issuer or Public Company is sufficient
                            mengungkapkan informasi sebagaimana                                                           to disclose the information as referred to
                            dimaksud dalam huruf i) sampai dengan                                                         in letter i) to letter l) and disclose:
                            huruf l) dan mengungkapkan:
                              1)      Alasan tidak dibentuknya komite;           √                                             1)     The reason why does not form the
                                      dan                                                                                             committee; and

                              2)      Pihak yang melaksanakan fungsi             √                                             2)     The party who carries out the
                                      nominasi dan remunerasi.                                                                        nomination and remuneration
                                                                                                                                      function;
                   8)    Komite lain yang dimiliki Emiten                     168-189                             8)   Other committees owned by the Issuer or Public
                         atau Perusahaan Publik dalam rangka                                                           Company in order to support the duties of the
                         mendukung fungsi dan tugas Direksi (jika                                                      Board of Directors (if any) and/or committees
                         ada) dan/atau komite yang mendukung                                                           that support the functions and duties of the
                         fungsi dan tugas Dewan Komisaris, paling                                                      Board of Commissioners, at least contains;
                         sedikit memuat:
                         a)   Nama     dan    jabatannya              dalam      √                                     a)     Name and position in the committee;
                              keanggotaan komite;
                         b)   Usia;                                              √                                     b)     Age;

                         c)   Kewarganegaraan;                                   √                                     c)     Citizenship;

                         d)   Riwayat pendidikan;                                √                                     d)     Education background;

                         e)   Riwayat jabatan, meliputi informasi:               √                                     e)     History of position; including:

                               1)     Dasar hukum penunjukan sebagai             √                                             1)     Legal basis of appointment as
                                      anggota komite;                                                                                 member of Committee;

                               2)     Rangkap jabatan, baik sebagai              √                                             2)     Concurrent position, as a member
                                      anggota     Dewan      Komisaris,                                                               of Board of Commissioners,
                                      anggota Direksi, dan/atau anggota                                                               member of Board of Directors, and/
                                      komite serta jabatan lainnya (jika                                                              or member of the committee, and
                                      ada); dan                                                                                       other position (if any); and

                               3)     Pengalaman kerja beserta periode           √                                             3)     Work experience and period of time
                                      waktunya baik di dalam maupun                                                                   both inside and outside the Issuer or
                                      di luar Emiten atau Perusahaan                                                                  Public Company;
                                      Publik;
                         f)   Periode dan masa jabatan anggota                   √                                     f)     Period and tenure of Committee member;
                              komite;



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                                                                           Halaman
                              Keterangan                                                       Description
                                                                            Page
                         g)   Pernyataan independensi komite;                 √           g)   Statement of independence of Committee;

                         h)   Pelatihan    dan/atau      peningkatan          √           h)   Training        and/or     Competency
                              kompetensi yang telah diikuti dalam                              Development participated in during the
                              tahun buku (jika ada); dan                                       book year (if any); and

                         i)   Uraian tugas dan tanggung jawab;                √           i)   Description of Duties and Responsibilities;

                         j)   Pernyataan bahwa telah memiliki                 √           j)   Statement that already have work guideline
                              pedoman atau piagam (charter) komite;                            and board charter;

                         k)   Kebijakan dan pelaksanaan frekuensi             √           k)   Policies and frequency of meetings, and
                              rapat komite dan tingkat kehadiran                               attendance level at the meetings; and
                              anggota komite dalam rapat tersebut;
                              dan
                         l)   Uraian singkat pelaksanaan kegiatan             √           l)   Description of Duties Implementation
                              komite pada tahun buku;                                          during the book year.

                    9)   Sekretaris     perusahaan,   paling     sedikit   178-183   9)   Corporate Secretary, including:
                         memuat:
                         a)   Nama;                                           √           a)   Name;

                         b)   Domisili;                                       √           b)   Domicile;

                         c)   Riwayat jabatan, meliputi:                      √           c)   History of position, including:

                              1)      Dasar hukum penunjukan sebagai          √                 1)   Legal basis for the appointment as
                                      sekretaris perusahaan; dan                                     Corporate Secretary; and

                              2)      Pengalaman kerja beserta periode        √                 2)   Working experience and period
                                      waktunya baik di dalam maupun                                  in and outside the Issuer or Public
                                      di luar Emiten atau Perusahaan                                 Company;
                                      Publik;
                         d)   Riwayat pendidikan;                             √           d)   Education background;

                         e)   Pelatihan   dan/atau     peningkatan            √           e)   Training and competency development
                              kompetensi yang diikuti dalam tahun                              participated in during the book year; and
                              buku; dan
                         f)   Uraian singkat pelaksanaan tugas                √           f)   Brief description on the implementation
                              sekretaris perusahaan pada tahun buku;                           of duties of the Corporate Secretary in the
                                                                                               year under review;
                    10) Unit audit internal, paling sedikit memuat:        183-189   10) Internal Audit Unit, among others including:
                         a)   Nama kepala unit audit internal;                √           a)   Name of Head of Internal Audit Unit;

                         b)   Riwayat jabatan, meliputi:                      √           b)   History of position, including:

                              1)      Dasar hukum penunjukan sebagai          √                 1)   Legal basis for the appointment as
                                      kepala unit audit internal; dan                                Head of Internal Audit Unit; and

                              2)      Pengalaman kerja beserta periode        √                 2)   Working experience and period
                                      waktunya baik di dalam maupun                                  in and outside the Issuer or Public
                                      di luar Emiten atau Perusahaan                                 Company;
                                      Publik;
                         c)   Kualifikasi atau sertifikasi sebagai            √           c)   Qualification or certification as internal
                              profesi audit internal (jika ada);                               auditor (if any);

                         d)   Pelatihan   dan/atau     peningkatan            √           d)   Training     and/or        Competency
                              kompetensi yang diikuti dalam tahun                              Development participated in during the
                              buku;                                                            book year;

                         e)   Struktur dan kedudukan unit audit               √           e)   Structure and position of Internal Audit
                              internal;                                                        Unit;

                         f)   Uraian tugas dan tanggung jawab;                √           f)   Description of duties and responsibilities;

                         g)   Pernyataan bahwa telah memiliki                 √           g)   A statement that the Internal Audit Unit
                              pedoman atau piagam (charter) unit                               has already had Internal Audit Unit
                              audit internal; dan                                              charter; and

                         h)   Uraian singkat pelaksanaan tugas                √           h)   Brief description of the duties
                              unit audit internal pada tahun buku                              implementation of the internal audit unit
                              termasuk kebijakan dan pelaksanaan                               in the financial year including the policy
                              frekuensi rapat dengan Direksi, Dewan                            and implementation of the frequency of
                              Komisaris, dan/atau komite audit;                                meetings with the Board of Directors,
                                                                                               Board of Commissioners, and/or audit
                                                                                               committee;




2025 Annual Report & Sustainability Report                                  353                                 PT Hexindo Adiperkasa Tbk

Page 354
 Ikhtisar 2025 | 2025 Highlights                                                       Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                 Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                   Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




                                                                               Halaman
                              Keterangan                                                                                      Description
                                                                                Page
                   11) Uraian mengenai sistem pengendalian                     212-214                             11) Description on internal control system
                       internal (internal control) yang diterapkan                                                     adopted by the Issuer or Public Company, at
                       oleh Emiten atau Perusahaan Publik, paling                                                      least covering:
                       sedikit mengenai:
                         a)   Pengendalian        keuangan      dan               √                                     a)     Financial and operational control, and
                              operasional, serta kepatuhan terhadap                                                            compliance to the other prevailing rules;
                              peraturan         perundang-undangan                                                             and
                              lainnya; dan
                         b)   Tinjauan atas efektivitas               sistem      √                                     b)     Review on the effectiveness of internal
                              pengendalian internal; dan                                                                       control systems; and

                         c)   Pernyataan Direksi dan/atau Dewan                   √                                     c)     Statement of the Board of Directors and/or
                              Komisaris atas kecukupan sistem                                                                  Board of Commissioners on the adequacy
                              pengendalian internal;                                                                           of the internal control system;

                   12) Sistem manajemen risiko yang diterapkan                 215-217                             12) Risk management system implemented by
                       oleh Emiten atau Perusahaan Publik, paling                                                      the company, at least includes:
                       sedikit mengenai:
                         a)   Gambaran umum mengenai sistem                       √                                     a)     General description about the company's
                              manajemen risiko Emiten atau                                                                     risk management system the Issuer or
                              Perusahaan Publik;                                                                               Public Company;

                         b)   Jenis risiko dan cara pengelolaannya;               √                                     b)     Types of risk and the management;

                         c)   Tinjauan atas efektivitas sistem                    √                                     c)     Review the effectiveness of the risk
                              manajemen risiko Emiten atau                                                                     management system applied by the Issuer
                              Perusahaan Publik; dan                                                                           or Public Company; and

                         d)   Pernyataan Direksi dan/atau Dewan                   √                                     d)     Statement of the Board of Directors and/or
                              Komisaris atau komite audit atas                                                                 the Board of Commissioners or the audit
                              kecukupan sistem manajemen risiko;                                                               committee on the adequacy of the risk
                                                                                                                               management system;
                   13) Perkara hukum yang berdampak material                     217                               13) Legal cases that have a material impact faced
                       yang dihadapi oleh Emiten atau Perusahaan                                                       by Issuers or Public Companies, subsidiaries,
                       Publik, entitas anak, anggota Direksi dan                                                       members of the Board of Directors and
                       anggota Dewan Komisaris (jika ada), paling                                                      members of the Board of Commissioners (if
                       sedikit memuat:                                                                                 any), at least contain:
                         a)   Pokok perkara/gugatan;                             N/A                                    a)     Substance of the case/claim;

                         b)   Status penyelesaian perkara/gugatan;               N/A                                    b)     Status of settlement of case/claim; and
                              dan
                         c)   Pengaruhnya terhadap kondisi Emiten                N/A                                    c)     Potential impacts on the condition of the
                              atau Perusahaan Publik;                                                                          Issuer or Public Company;

                   14) Informasi tentang sanksi administratif/                   217                               14) Information about administrative sanctions
                       sanksi yang dikenakan kepada Emiten                                                             imposed to Issuer or Public Company,
                       atau Perusahaan Publik, anggota Dewan                                                           members of the Board of Commissioners
                       Komisaris dan anggota Direksi, oleh Otoritas                                                    and the Board of Directors, by the Capital
                       Jasa Keuangan dan otoritas lainnya pada                                                         Market Authority and other authorities
                       tahun buku (jika ada);                                                                          during the last fiscal year (if any);
                   15) Informasi mengenai kode etik Emiten atau                204-206                             15) Information about codes of conduct of the
                       Perusahaan Publik meliputi:                                                                     Issuer or Public Company, includes:
                         a)   Pokok-pokok kode etik;                              √                                     a)     Key points of the code of conduct;

                         b)   Bentuk sosialisasi kode etik dan upaya              √                                     b)     Socialization of the code of conduct and
                              penegakannya; dan                                                                                enforcement; and

                         c)   Pernyataan bahwa kode etik berlaku                  √                                     c)     Statement that the code of conduct is
                              bagi anggota Direksi, anggota Dewan                                                              applicable for the Board of Commissioners,
                              Komisaris, dan karyawan Emiten atau                                                              the Board of Directors, and employees of
                              Perusahaan Publik;                                                                               the Issuer or Public Company;




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                                                                         Halaman
                              Keterangan                                                    Description
                                                                          Page
                    16) Uraian    singkat    mengenai       kebijakan      79      16) A brief description of the policy for
                        pemberian kompensasi jangka panjang                            providing long-term performance-based
                        berbasis kinerja kepada manajemen dan/                         compensation to management and/
                        atau karyawan yang dimiliki oleh Emiten                        or employees owned by the Issuer or
                        atau Perusahaan Publik (jika ada), antara lain                 Public Company (if any), including the
                        berupa program kepemilikan saham oleh                          management stock ownership program
                        manajemen (management stock ownership                          (MSOP) and/or employee stock ownership
                        program/MSOP)        dan/atau        program                   program (ESOP). In terms of providing
                        kepemilikan saham oleh karyawan (employee                      compensation in the form of a management
                        stock ownership program/ESOP). Dalam hal                       stock ownership program (MSOP) and/or
                        pemberian kompensasi berupa program                            employee stock ownership program (ESOP),
                        kepemilikan saham oleh manajemen                               the information disclosed must at least
                        (management stock ownership program/                           contain:
                        MSOP) dan/atau program kepemilikan
                        saham oleh karyawan (employee stock
                        ownership program/ESOP), informasi yang
                        diungkapkan paling sedikit memuat:
                         a)   Jumlah saham dan/atau opsi;                  N/A         a)   Number of share and/or option;

                         b)   Jangka waktu pelaksanaan;                    N/A         b)   Period;

                         c)   Persyaratan   karyawan     dan/atau          N/A         c)   The requirement for eligible employee
                              manajemen yang berhak; dan                                    and/or management; and

                         d)   Harga pelaksanaan atau penentuan             N/A         d)   Exercised price;
                              harga pelaksanaan;
                    17) Uraian   singkat   mengenai   kebijakan            79      17) Description of employee or management
                        pengungkapan informasi mengenai:                               stock ownership program of the Issuer or
                                                                                       Public Company, among others contains:
                         a)   Kepemilikan saham anggota Direksi             √          a)   Share ownership of members of the Board
                              dan anggota Dewan Komisaris paling                            of Directors and members of the Board
                              lambat 3 (tiga) hari kerja setelah                            of Commissioners no later than 3 (three)
                              terjadinya kepemilikan atau setiap                            working days after the occurrence of
                              perubahan kepemilikan atas saham                              ownership or any change in ownership of
                              Perusahaan Terbuka; dan                                       shares of a Public Company; and

                         b)   Pelaksanaan atas kebijakan dimaksud;          √          b)   Implementation of that policy;

                    18) Uraian    mengenai    sistem  pelaporan          208-211   18) A description of whistleblowing system at
                        pelanggaran (whistleblowing system) di                         the Issuer or Public Company, among others
                        Emiten atau Perusahaan Publik, paling                          include:
                        sedikit memuat:
                         a)   Cara penyampaian laporan pelanggaran;         √          a)   Mechanism for violation reporting;

                         b)   Perlindungan bagi pelapor;                    √          b)   Protection for the whistle-blower;

                         c)   Penanganan pengaduan;                         √          c)   Handling of violation reports;

                         d)   Pihak yang mengelola pengaduan; dan           √          g)   Unit responsible for handling of violation
                                                                                            report;
                         e)   Hasil dari penanganan pengaduan,              √          e)   Results from violation report handling, at
                              paling sedikit:                                               least includes:

                              1)    Jumlah pengaduan yang masuk             √                1)   Number of complaints received and
                                    dan diproses dalam tahun buku;                                processed during the fiscal year; and
                                    dan
                              2)    Tindak lanjut pengaduan;                √                2)   Follow up of complaints;
                                    Dalam      hal    Emiten   atau                               In the event that the Issuer or
                                    Perusahaan Publik tidak memiliki                              Public Company does not have
                                    sistem pelaporan pelanggaran                                  a whistleblowing system, it is
                                    (whistleblowing system), maka                                 disclosed regarding this matter.
                                    diungkapkan      mengenai   hal
                                    tersebut.
                    19) Uraian mengenai kebijakan anti korupsi           206-207   19) A description of the anti-corruption policy
                        Emiten atau Perusahaan Publik, paling                          of the Issuer or Public Company, at least
                        sedikit memuat:                                                contains:
                         a)   Program dan prosedur yang dilakukan           √          a)   Programs and procedures implemented in
                              dalam mengatasi praktik korupsi,                              overcoming corrupt practices, kickbacks,
                              balas jasa (kickbacks), fraud, suap dan/                      fraud, bribery and/or gratuities in Issuers
                              atau gratifikasi dalam Emiten atau                            or Public Companies; and
                              Perusahaan Publik; dan




2025 Annual Report & Sustainability Report                                355                                  PT Hexindo Adiperkasa Tbk

Page 356
 Ikhtisar 2025 | 2025 Highlights                                                      Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                  Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




                                                                              Halaman
                              Keterangan                                                                                     Description
                                                                               Page
                         b)   Pelatihan/sosialisasi   anti    korupsi            √                                     b)     Anti-corruption      training/socialization
                              kepada     karyawan     Emiten     atau                                                         to employees of Issuers or Public
                              Perusahaan Publik. Dalam hal Emiten                                                             Companies; In the event that the Issuer
                              atau Perusahaan Publik tidak memiliki                                                           or Public Company does not have an
                              kebijakan anti korupsi, maka dijelaskan                                                         anti-corruption policy, the reason for not
                              alasan tidak dimilikinya kebijakan                                                              having the said policy are explained.
                              dimaksud.
                   20) Penerapan atas Pedoman Tata Kelola                       N/A                               20) Implementation       of  the     Guidelines
                       Perusahaan Terbuka bagi Emiten yang                                                            of Corporate Governance for Public
                       menerbitkan Efek Bersifat Ekuitas atau                                                         Companies for Issuer issuing Equity-based
                       Perusahaan Publik, meliputi:                                                                   Securities or Public Company, including:
                         a)   Pernyataan mengenai rekomendasi yang            135-139                                  a)     Statement regarding the recommendation
                              telah dilaksanakan; dan/atau                                                                    that has been implemented; and/or

                         b)   Penjelasan atas rekomendasi yang                   √                                     b)     Description of recommendation that has
                              belum dilaksanakan, disertai alasan dan                                                         not been implemented, along with the
                              alternatif pelaksanaannya (jika ada);                                                           reason and alternatives of implementation
                                                                                                                              (if any);
                              Pengungkapan       informasi            dapat      √                                            Disclosure of information         can   be
                              disajikan dalam bentuk tabel.                                                                   presented in table.

             h.   Tanggung Jawab Sosial dan Lingkungan Emiten                 220-332                      h.    Social and Environmental Responsibility of the
                  atau Perusahaan Publik                                                                         Issuer or Public Company
                   1)    Informasi yang diungkapkan dalam bagian                 √                                1)   Information disclosed in the social
                         tanggung jawab sosial dan lingkungan                                                          and environmental responsibility is a
                         merupakan       Laporan      Keberlanjutan                                                    Sustainability Report as referred to in the
                         (Sustainability   Report)      sebagaimana                                                    Financial Services Authority Regulation
                         dimaksud dalam Peraturan Otoritas Jasa                                                        Number 51/POJK.03/2017 concerning the
                         Keuangan Nomor 51/POJK.03/2017 tentang                                                        Implementation of Sustainable Finance for
                         Penerapan Keuangan Berkelanjutan bagi                                                         Financial Services Institutions, Issuers, and
                         Lembaga Jasa Keuangan, Emiten dan                                                             Public Companies, containing at least:
                         Perusahaan Publik paling sedikit memuat:
                         a)   Penjelasan strategi keberlanjutan;                 √                                     a)     Sustainability strategy explanation;

                         b)   Ikhtisar aspek keberlanjutan (ekonomi,             √                                     b)     Sustainability aspects overview (economic,
                              sosial, dan lingkungan hidup);                                                                  social and environmental);

                         c)   Profil singkat Emiten atau Perusahaan              √                                     c)     Brief Profile of Issuer or Public Company;
                              Publik;
                         d)   Penjelasan Direksi;                                √                                     d)     The Board of Directors explanation;

                         e)   Tata kelola keberlanjutan;                         √                                     e)     Sustainability Governance;

                         f)   Kinerja keberlanjutan;                             √                                     f)     Sustainability performance;

                         g)   Verifikasi    tertulis       dari       pihak      √                                     g)     Written verification from an Independent
                              independen, jika ada;                                                                           Party (if any);

                         h)   Lembar umpan balik (feedback) untuk                √                                     h)     Feedback sheet for stakeholders (if any);
                              pembaca, jika ada; dan                                                                          and

                         i)   Tanggapan Emiten atau Perusahaan                   √                                     i)     The Issuer or Public Company response to
                              Publik terhadap umpan balik laporan                                                             the previous year's report feedback;
                              tahun sebelumnya;
                   2)    Laporan      Keberlanjutan       sebagaimana            √                                2)   The Sustainability Report as referred to in
                         dimaksud pada angka 1), harus disusun                                                         number 1) must be prepared in accordance
                         sesuai Pedoman Teknis Penyusunan                                                              with the Technical Guidelines for the
                         Laporan      Keberlanjutan     (Sustainability                                                Preparation of a Sustainability Report for
                         Report) Bagi Emiten dan Perusahaan Publik                                                     Issuers and Public Companies as contained
                         sebagaimana tercantum dalam Lampiran I                                                        in Attachment II which is an integral part of
                         yang merupakan bagian tidak terpisahkan                                                       this Financial Services Authority Circular
                         dari Surat Edaran Otoritas Jasa Keuangan ini;                                                 Letter;
                   3)    Informasi        Laporan       Keberlanjutan            √                                3)   Information on the Sustainability Report in
                         (Sustainability Report) pada angka 1) dapat:                                                  number 1) shall be:
                         a)   Diungkapkan pada bagian lain yang                  √                                     a)     Is disclosed in other relevant sections
                              relevan di luar bagian tanggung                                                                 outside of the social and environmental
                              jawab sosial dan lingkungan, seperti                                                            responsibility section, such as the
                              penjelasan Direksi terkait Laporan                                                              Directors' explanation regarding the
                              Keberlanjutan diungkapkan dalam                                                                 Sustainability Report disclosed in the
                              bagian terkait Laporan Direksi; dan/                                                            section related to the Directors' Report;
                                                                                                                              and/or
                              atau




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                                                                           Halaman
                              Keterangan                                                             Description
                                                                            Page
                         b)   Merujuk pada bagian lain di luar                √                 b)   Referring to other sections outside the
                              bagian tanggung jawab sosial dan                                       social and environmental responsibility
                              lingkungan dengan tetap mengacu                                        section while still referring to the
                              pada Pedoman Teknis Penyusunan                                         Technical Guidelines for the Preparation
                              Laporan Keberlanjutan (Sustainability                                  of Sustainability Reports for Issuers and
                              Report) Bagi Emiten dan Perusahaan                                     Public Companies as listed in Appendix II
                                                                                                     which is an integral part of this Financial
                              Publik sebagaimana tercantum dalam
                                                                                                     Services Authority Circular Letter, such as
                              Lampiran II yang merupakan bagian
                                                                                                     profile of Issuer or Public Company;
                              tidak terpisahkan dari Surat Edaran
                              Otoritas Jasa Keuangan ini, seperti profil
                              Emiten atau Perusahaan Publik;
                    4)   Laporan     Keberlanjutan   (Sustainability          √            4)   The Sustainability Report as referred to
                         Report) sebagaimana dimaksud pada angka                                in number 1) is an inseparable part of
                         1) merupakan bagian yang tidak terpisahkan                             the Annual Report but can be presented
                         dari Laporan Tahunan namun dapat                                       separately from the Annual Report;
                         disajikan secara terpisah dengan Laporan
                         Tahunan;
                    5)   Dalam hal Laporan Keberlanjutan disajikan            √            5)   In the event that the Sustainability Report
                         secara terpisah dengan Laporan Tahunan,                                is presented separately from the Annual
                         informasi yang diungkapkan dalam Laporan                               Report, the information disclosed in the said
                         Keberlanjutan dimaksud harus:                                          Sustainability Report must:
                         a)   Memuat seluruh informasi sebagaimana            √                 a)   Contains all the information as referred to
                              dimaksud pada angka 1); dan                                            in number 1); and

                         b)   Disusun sesuai Pedoman Teknis                   √                 b)   Compiled according to the Technical
                              Penyusunan Laporan Keberlanjutan                                       Guidelines for the Preparation of a
                              (Sustainability Report) Bagi Emiten                                    Sustainability Report for Issuers and
                              dan Perusahaan Publik sebagaimana                                      Public Companies as listed in Appendix II
                              tercantum dalam Lampiran II yang                                       which is an integral part of this Financial
                              merupakan bagian tidak terpisahkan                                     Services Authority Circular Letter;
                              dari Surat Edaran Otoritas Jasa
                              Keuangan ini;
                    6)   Dalam hal Laporan Keberlanjutan disajikan            √            6)   In the event that the Sustainability Report
                         secara terpisah dengan Laporan Tahunan,                                is presented separately from the Annual
                         maka dalam bagian tanggung jawab sosial                                Report, the section contains information
                         dan lingkungan memuat informasi bahwa                                  that information regarding social and
                         informasi mengenai tanggung jawab sosial                               environmental responsibility has been
                         dan lingkungan telah diungkapkan dalam                                 disclosed in the Sustainability Report which
                         Laporan Keberlanjutan yang disajikan secara                            is presented separately from the Annual
                         terpisah dari Laporan Tahunan; dan                                     Report; and
                    7)   Penyampaian     Laporan    Keberlanjutan             √            7)   Submission of the Sustainability Report
                         (Sustainability Report) yang disajikan                                 which is presented separately from the
                         secara terpisah dengan Laporan Tahunan                                 Annual Report must be submitted together
                         harus disampaikan bersamaan dengan                                     with the submission of the Annual Report.
                         penyampaian Laporan Tahunan.
             i.    Laporan Keuangan Tahunan yang Telah Diaudit               373     i.   Audited Financial Statements
                   Laporan keuangan tahunan yang dimuat dalam                             The annual financial statements contained in the
                   Laporan Tahunan disusun sesuai dengan standar                          Annual Report are prepared in accordance with
                   akuntansi keuangan di Indonesia dan telah                              financial accounting standards in Indonesia and have
                   diaudit oleh akuntan publik yang terdaftar di                          been audited by a public accountant registered with
                   Otoritas Jasa Keuangan. Laporan keuangan                               the Financial Services Authority. The said annual
                   tahunan dimaksud memuat pernyataan mengenai                            financial report contains a statement regarding the
                                                                                          accountability for financial statements as regulated in
                   pertanggungjawaban atas laporan keuangan
                                                                                          the Financial Services Authority Regulation regarding
                   sebagaimana diatur dalam Peraturan Otoritas
                                                                                          the Board of Directors' responsibility for financial
                   Jasa Keuangan mengenai tanggung jawab Direksi                          reports or the laws and regulations in the capital
                   atas laporan keuangan atau peraturan perundang-                        market sector which regulates the periodic reports of
                   undangan di sektor pasar modal yang mengatur                           securities companies in the event that the Issuer is a
                   mengenai laporan berkala perusahaan efek dalam                         securities company.
                   hal Emiten merupakan perusahaan efek.
             j.    Surat Pernyataan Anggota Direksi dan Anggota              335     j.   Statement Letter of Members of the Board of
                   Dewan Komisaris tentang Tanggung Jawab atas                            Directors and the Board of Commissioners
                   Laporan Tahunan                                                        regarding Responsibility for the Annual Report
                   Surat pernyataan anggota Direksi dan anggota                           Statement letters from members of the Board
                   Dewan Komisaris tentang tanggung jawab atas                            of Directors and members of the Board of
                   Laporan Tahunan disusun sesuai dengan format                           Commissioners regarding responsibilities for the
                   Surat Pernyataan Anggota Direksi dan Anggota                           Annual Report are prepared in accordance with
                   Dewan Komisaris tentang Tanggung Jawab                                 the format of Statement Letters of Members of the
                   atas Laporan Tahunan sebagaimana tercantum                             Board of Directors and Members of the Board of
                                                                                          Commissioners regarding Responsibilities for the
                   dalam Lampiran I yang merupakan bagian tidak
                                                                                          Annual Report as contained in Appendix I which is
                   terpisahkan dari Surat Edaran Otoritas Jasa
                                                                                          an integral part of this Circular Letter of the Financial
                   Keuangan ini.                                                          Services Authority.

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 Ikhtisar 2025 | 2025 Highlights                                                         Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                   Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                     Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Indeks POJK No. 51/POJK.03/2017
POJK No. 51/POJK.03/2017 Index




 No Indeks                                                                       Indeks                                                                     Halaman
   Index No                                                                          Index                                                                     Page
 A. Strategi Keberlanjutan | Sustainability Strategy
                   Penjelasan Strategi Keberlanjutan
      A.1                                                                                                                                                    222-223
                   Elaboration of Sustainability Strategy
 B. Ikhtisar Kinerja Aspek Keberlanjutan | Overview of Performance on Sustainability Aspects
      B.1          Aspek Ekonomi
                                                                                                                                                                220
                   Economic Aspects
                   a. Kuantitas Produksi atau Jasa yang Dijual
                                                                                                                                                                220
                      Quantity of Products or Services Sold
                   b. Pendapatan atau Penjualan
                                                                                                                                                                10
                      Revenue or Sales
                   c. Laba atau Rugi Bersih
                                                                                                                                                                10
                      Net Profit or Loss
                   d. Produk Ramah Lingkungan
                                                                                                                                                             320-322
                      Environment-Friendly Products
                   e. Pelibatan Pihak Lokal yang Berkaitan dengan Proses Bisnis Keuangan Keberlanjutan
                                                                                                                                                                220
                      Engagement of Local Stakeholders Concerning The Sustainable Finance Business Process
      B.2          Aspek Lingkungan Hidup
                                                                                                                                                                220
                   Environmental Aspects
                   a. Penggunaan Energi
                                                                                                                                                           220, 255-257
                      Energy Consumption
                   b. Pengurangan Emisi yang Dihasilkan
                                                                                                                                                           221, 257-259
                      Emission Reductions Achieved
                   c. Pengurangan Limbah dan Efluen
                                                                                                                                                           221, 259-265
                      Reduction of Waste and Effluen
                   d. Pelestarian Keanekaragaman Hayati
                                                                                                                                                             268-269
                      Biodiversity Conservation
      B.3          Aspek Sosial
                                                                                                                                                                221
                   Social Aspect
 C. Profil Perusahaan | Company Profile
                   Visi, Misi, dan Nilai Keberlanjutan
      C.1                                                                                                                                                      45-48
                   Vision, Mission, and Sustainability Values
                   Alamat Perusahaan
      C.2                                                                                                                                                       42
                   Company Address
      C.3          Skala Usaha
                   Business Scale
                   1) Total Aset atau Kapitalisasi Aset, dan Total Kewajiban
                                                                                                                                                                10
                      Total Assets or Assets Capitalization, and Total Liabilities
                   2) Jumlah Karyawan menurut Jenis Kelamin, Jabatan, Usia Pendidikan, dan Status Ketenagakerjaan
                                                                                                                                                             274-275
                      Number of Employees by Gender, Position, Educational Age, And Employment Status
                   3) Nama Pemegang Saham dan Persentase Kepemilikan Saham
                                                                                                                                                               76-78
                      Name of Shareholders and Shareholding Percentage
                   4) Wilayah Operasional
                                                                                                                                                               53-57
                      Operational Area
                   Produk, Layanan, dan Kegiatan Usaha yang Dijalankan
      C.4                                                                                                                                                      49-51
                   Products, Services, and Business Activities
                   Keanggotaan pada Asosiasi
      C.5                                                                                                                                                       52
                   Membership of Associations
                   Perubahan Emiten dan Perusahaan Publik Yang Bersifat Signifikan
      C.6                                                                                                                                                       43
                   Significant Changes in Issuers and Public Companies




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  No Indeks                                                                    Indeks                                                              Halaman
   Index No                                                                     Index                                                                 Page
 D. Penjelasan Direksi | Elaboration of Board of Directors
       D.1         Penjelasan Direksi
                   Elaboration of Board of Directors
                   a. Kebijakan untuk Merespons Tantangan dalam Pemenuhan Strategi Keberlanjutan
                                                                                                                                                       225
                      Policy for Responding To Challenges In Fulfilling The Sustainability Strategy
                   b. Penerapan Keuangan Berkelanjutan
                                                                                                                                                       230
                      Application of Sustainable Finance
                   c. Strategi Pencapaian Target
                                                                                                                                                       232
                      Target Achievement Strategy
 E. Tata Kelola Keberlanjutan | Sustainability Governance
                   Penanggung Jawab Penerapan Keuangan Berkelanjutan
       E.1                                                                                                                                             242
                   Responsible on The Application of Sustainable Finance
                   Pengembangan Kompetensi terkait Keuangan Berkelanjutan                                                                            153-154,
       E.2
                   Competency Development on Sustainable Finance                                                                                     161-162
                   Penilaian Risiko atas Penerapan Keuangan Berkelanjutan
       E.3                                                                                                                                             242
                   Risk Assessment of Sustainable Finance
                   Hubungan dengan Pemangku Kepentingan
       E.4                                                                                                                                             330
                   Relationship with Stakeholders
                   Permasalahan terhadap Penerapan Keuangan Berkelanjutan
       E.5                                                                                                                                             236
                   Problems on The Application of Sustainable Finance
 F. Kinerja Keberlanjutan | Sustainability Performance
                   Kegiatan Membangun Budaya Keberlanjutan
       F.1                                                                                                                                             222
                   Sustainable Culture Development Activities
 Kinerja Ekonomi | Economic Performance
                   Perbandingan Target dan Kinerja Produksi, Portofolio, Target Pembiayaan, atau Investasi, Pendapatan dan Laba Rugi
       F.2                                                                                                                                           249-250
                   Comparison of Target and Performance of Production, Portfolio, Financing Targets, or Investment, Income and Profit or Loss
                   Perbandingan Target dan Kinerja Portofolio, Target Pembiayaan, Atau Investasi pada Instrumen Keuangan atau Proyek
                   yang Sejalan dengan Keuangan Berkelanjutan.
       F.3                                                                                                                                             251
                   Comparison of Target and Performance of Portfolio, Financing Target, or Investments In Financial Instruments or Projects In
                   Line with The Sustainable Finance.
 Kinerja Lingkungan Hidup | Environmental Performance
 Aspek Umum | General Aspect
                   Biaya Lingkungan Hidup
       F.4                                                                                                                                             254
                   Environmental Costs
 Aspek Energi | Energy Aspect
                   Penggunaan Material yang Ramah Lingkungan
       F.5                                                                                                                                             266
                   Environment-Friendly Material Consumption
 Aspek Material | Material Aspect
                   Jumlah dan Intensitas Energi yang Digunakan
       F.6                                                                                                                                           255-256
                   Amount and Intensity of The Energy Consumed
                   Upaya dan Pencapaian Efisiensi Energi dan Penggunaan Energi Terbarukan
       F.7                                                                                                                                           257-259
                   Efforts and Achievement Made For Energy Efficiency Including The Use of Renewable Energy Sources
 Aspek Air | Water Aspect
                   Penggunaaan Air
       F.8                                                                                                                                             268
                   Water Consumption
 Aspek Keanekaragagaman Hayati | Biodiversity Aspect
                   Dampak dari Wilayah Operasional yang Dekat atau Berada di Daerah Konservasi atau Memiliki Keanekaragaman
       F.9         Hayati                                                                                                                              268
                   Impacts from Operational Areas Close to or Situated In Areas of Conservation or Otherwise Those That Contain Biodiversity
                   Usaha Konservasi Keanekaragaman Hayati
      F.10                                                                                                                                             268
                   Biodiversity Conservation Efforts
 Aspek Emisi | Emissions Aspect
                   Jumlah dan Intensitas Emisi yang Dihasilkan Berdasarkan Jenisnya
      F.11                                                                                                                                             258
                   Amount and Intensity of Emissions Generated by Type




2025 Annual Report & Sustainability Report                                      359                                                     PT Hexindo Adiperkasa Tbk

Page 360
 Ikhtisar 2025 | 2025 Highlights                                                   Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                             Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                               Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




 No Indeks                                                                    Indeks                                                                  Halaman
   Index No                                                                   Index                                                                      Page
                   Upaya dan Pencapaian Pengurangan Emisi yang Dilakukan
      F.12                                                                                                                                                256
                   Efforts and Achievements Made In Emission Reduction
 Aspek Limbah dan Efluen | Waste and Effluent
                   Jumlah Limbah dan Efluen yang Dihasilkan Berdasarkan Jenisnya
      F.13                                                                                                                                                265
                   Amount of Waste End Effluent Generated by Type
                   Mekanisme Pengelolaan Limbah dan Efluen
      F.14                                                                                                                                             259-265
                   Waste and Effluent Management Mechanism
                   Tumpahan yang Terjadi (Jika Ada)
      F.15                                                                                                                                             263-264
                   Spill That Occurs (If Any)
 Aspek Pengaduan Terkait Lingkungan Hidup | Environmental Complaint Aspect
                   Jumlah dan Materi Pengaduan Lingkungan Hidup yang Diterima, dan Diselesaikan
      F.16                                                                                                                                                254
                   Number and Content of Environmental Complaint Received and Resolved
 Kinerja Sosial | Social Performance
                   Komitmen untuk Memberikan Layanan atas Produk dan/atau Jasa yang Setara kepada Konsumen
      F.17                                                                                                                                                319
                   Commitment to Provide Services for The Equal Product and/or Services to Customers
 Aspek Ketenagakerjaan| Employment Aspect
                   Kesetaraan Kesempatan Bekerja
      F.18                                                                                                                                                282
                   Equality of Employment
                   Tenaga Kerja Anak dan Tenaga Kerja Paksa
      F.19                                                                                                                                                276
                   Child Labour and Forced Labour
                   Upah Minimum Regional
      F.20                                                                                                                                                285
                   Regional Minimum Wage
                   Lingkungan Bekerja yang Layak dan Aman
      F.21                                                                                                                                                293
                   Proper and Safe Work Environment
                   Pelatihan dan Pengembangan Kemampuan Pegawai
      F.22                                                                                                                                           291, 299-302
                   Training and Capabilities Development for Employees
 Aspek Masyarakat | Community Aspect
                   Dampak Operasi terhadap Masyarakat Sekitar
      F.23                                                                                                                                                318
                   Operation Impacts on Local Communities
                   Pengaduan Masyarakat
      F.24                                                                                                                                                317
                   Community Complaint
                   Kegiatan Tanggung Jawab Sosial Lingkungan (TJSL)
      F.25                                                                                                                                             313-317
                   Corporate Social Responsibility (CSR)
 Tanggung Jawab Pengembangan Produk/Jasa Berkelanjutan | Responsibility For Sustainable Products/ Services
                   Inovasi dan Pengembangan Produk/Jasa Keuangan Berkelanjutan
      F.26                                                                                                                                             320-322
                   Innovation and Development of Sustainable Finance Products/Services
                   Produk/Jasa yang Sudah Dievaluasi Keamanannya Bagi Pelanggan
      F.27                                                                                                                                             322-323
                   Products/Services that Have Been Undergone Safety Test for Customers
                   Dampak Produk/Jasa
      F.28                                                                                                                                                322
                   Impact of Products/Services
                   Jumlah Produk yang Ditarik Kembali
      F.29                                                                                                                                                324
                   Number of Products Recalled
                   Survei Kepuasan Pelanggan terhadap Produk dan/atau Jasa Keuangan Berkelanjutan
      F.30                                                                                                                                                325
                   Customer Satisfaction Survey on Sustainable Finance Product and/or Services
 G. Lain-Lain | Others
                   Verifikasi Tertulis dari Pihak Independen (Jika Ada)
      G.1                                                                                                                                                 327
                   Written Independent Verification (If Any)
                   Lembar Umpan Balik
      G.2                                                                                                                                              367-368
                   Feedback Sheets
                   Tanggapan terhadap Umpan Balik Laporan Keberlanjutan Tahun Sebelumnya
      G.3                                                                                                                                                 327
                   Response on Feedback Sustainability Report Previous Year
                   Daftar Pengungkapan Sesuai Peraturan Otoritas Jasa Keuangan Nomor 51/POJK.03/2017 tentang Penerapan Keuangan
                   Berkelanjutan Bagi Lembaga Jasa Keuangan, Emiten, dan Perusahaan Publik
      G.4                                                                                                                                              358-360
                   List of Disclosures According to Financial Services Authority Regulation Number 51/POJK.03/2017 concerning The
                   Implementation Sustainable Finance for Financial Services Institutions, Issuers And Public Company




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                                                                                                                                                        03

Indeks Isi GRI
GRI Content Index




 Pernyataan Penggunaan                            PT Hexindo Adiperkasa Tbk telah melaporkan sesuai dengan Standar GRI untuk periode 1 April
 Statement of Use                                 2025 sampai dengan 31 Maret 2026
                                                  PT Hexindo Adiperkasa Tbk has reported in accordance with the GRI Standards for the period April 1,
                                                  2025 until March 31, 2026
 GRI 1 yang Digunakan                             GRI 1: Landasan 2021
 GRI 1 Used                                       GRI 1: Foundation 2021
 Standar Sektor GRI yang Berlaku                  Tidak terdapat standar sektor yang berlaku
 Applicable GRI Sector Standard                   There are no applicable sector standards




                                                                                                    Yang Tidak Dicantumkan                      No.
                                                                                                           Omission                           Rujukan
  Standar GRI/                                                                Lokasi/                                                         Standar
  Sumber Lain                          Pengungkapan                           Halaman         Persyaratan                                      Sektor
  GRI Standard/                              Disclosure                        Location/      yang Tidak                                        GRI
                                                                                                                 Alasan     Penjelasan
  Other Source                                                                   Page        Dicantumkan         Reason      Explanation     GRI Sector
                                                                                               Requirement                                    Standard
                                                                                                 Omitted                                      Ref. No.
 Pengungkapan Umum
 General Disclosure
 GRI 2:             Organisasi dan praktik pelaporan
 Pengungkapan       The organization and its reporting practices
 Umum 2021          2-1         Rincian organisasi                            42,53-57,76            -              -             -               -
 General                        Organizational details
 Disclosure 2021
                    2-2         Entitas yang termasuk dalam laporan               327                -              -             -               -
                                keberlanjutan organisasi
                                Entities included in the
                                organization’s sustainability
                                reporting
                    2-3         Periode pelaporan, frekuensi dan                  327                -              -             -               -
                                titik kontak
                                Reporting period, frequency and
                                contact point
                    2-4         Pengungkapan kembali atas                         327                -              -             -               -
                                informasi
                                Restatements of information
                    2-5         Penjamin eksternal                                327                -              -             -               -
                                External assurance
                    Aktivitas dan pekerja
                    Activities and workers
                    2-6         Aktivitas, rantai nilai dan hubungan             47-49               -              -             -               -
                                bisnis lainnya
                                Activities, value chain and other
                                business relationships
                    2-7         Karyawan                                        274-276              -              -             -               -
                                Employees
                    2-8         Pekerja yang bukan karyawan                     274-276              -              -             -               -
                                Workers who are not employees
                    Tata Kelola
                    Governance
                    2-9         Struktur dan komposisi tata kelola           134-135,237-            -              -             -               -
                                Governance structure and                         239
                                composition
                    2-10        Nominasi dan pemilihan badan tata               166,239              -              -             -               -
                                kelola tertinggi
                                Nomination and selection of the
                                highest governance body
                    2-11        Ketua badan tata kelola tertinggi                 238                -              -             -               -
                                Chair of the highest governance
                                body




2025 Annual Report & Sustainability Report                                    361                                                 PT Hexindo Adiperkasa Tbk

Page 362
 Ikhtisar 2025 | 2025 Highlights                                                Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                          Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                            Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




                                                                                                    Yang Tidak Dicantumkan                           No.
                                                                                                           Omission                                Rujukan
  Standar GRI/                                                            Lokasi/                                                                  Standar
  Sumber Lain                           Pengungkapan                      Halaman            Persyaratan                                            Sektor
  GRI Standard/                             Disclosure                     Location/         yang Tidak                                              GRI
                                                                                                                    Alasan       Penjelasan
  Other Source                                                               Page           Dicantumkan              Reason      Explanation      GRI Sector
                                                                                              Requirement                                          Standard
                                                                                                Omitted                                            Ref. No.
                        2-12       Peran badan tata kelola tertinggi        242-243                   -                  -             -                -
                                   dalam mengawasi pengelolaan
                                   dampak
                                   Role of the highest governance body
                                   in overseeing the management of
                                   impacts
                        2-13       Pendelegasian tanggung jawab untuk       242-243                   -                  -             -                -
                                   mengelola dampak
                                   Delegation of responsibility for
                                   managing impacts
                        2-14       Peran badan tata kelola tertinggi        327-328                   -                  -             -                -
                                   dalam pelaporan keberlanjutan
                                   Role of the highest governance body
                                   in sustainability reporting
                        2-15       Konflik kepentingan                      241-242                   -                  -             -                -
                                   Conflicts of interest
                        2-16       Komunikasi kepentingan kritis              243                     -                  -             -                -
                                   Communication of critical concerns
                        2-17       Pengetahuan kolektif dari badan tata   153-154, 161-               -                  -             -                -
                                   kelola tertinggi                         162, 244
                                   Collective knowledge of the highest
                                   governance body
                        2-18       Evaluasi kinerja badan tata kelola         245                     -                  -             -                -
                                   tertinggi
                                   Evaluation of the performance of the
                                   highest governance body
                        2-19       Kebijakan remunerasi                     167-168                   -                  -             -                -
                                   Remuneration policies
                        2-20       Proses untuk menentukan                  167-168                   -                  -             -                -
                                   remunerasi
                                   Process to determine remuneration
                        2-21       Rasio kompensasi total tahunan           285-286                   -                  -             -                -
                                   Annual total compensation ratio
                        Strategi, kebijakan, dan praktik
                        Strategy, policies and practices
                        2-22       Pernyataan tentang strategi              225-229                   -                  -             -                -
                                   pembangunan berkelanjutan
                                   Statement on sustainable
                                   development strategy
                        2-23       Komitmen kebijakan                     222-223, 225-               -                  -             -                -
                                   Policy commitments                       229, 272
                        2-24       Menyematkan komitmen kebijakan         222-223, 225-               -                  -             -                -
                                   Embedding policy commitments             229, 272
                        2-25       Proses untuk memulihkan dampak             279                     -                  -             -                -
                                   negatif
                                   Processes to remediate negative
                                   impacts
                        2-26       Mekanisme untuk mencari saran            208-211                   -                  -             -                -
                                   dan menyampaikan kekhawatiran
                                   Mechanisms for seeking advice and
                                   raising concerns
                        2-27       Kepatuhan terhadap hukum dan             217, 254                  -                  -             -                -
                                   peraturan
                                   Compliance with laws and
                                   regulations
                        2-28       Keanggotaan asosiasi                        52                     -                  -             -                -
                                   Membership associations
                        Keterlibatan Pemangku Kepentingan
                        Stakeholder engagement
                        2-29       Pendekatan keterlibatan pemangku         330-332                   -                  -             -                -
                                   kepentingan
                                   Approach to stakeholder
                                   engagement
                        2-30       Perjanjian perundingan kolektif          276-278                   -                  -             -                -
                                   Collective bargaining agreements




PT Hexindo Adiperkasa Tbk                                                 362                                        Laporan Tahunan & Laporan Keberlanjutan 2025

Page 363
                                                                                                                                        03

                                                                                             Yang Tidak Dicantumkan              No.
                                                                                                    Omission                   Rujukan
  Standar GRI/                                                              Lokasi/                                            Standar
  Sumber Lain                          Pengungkapan                         Halaman      Persyaratan                            Sektor
  GRI Standard/                              Disclosure                     Location/    yang Tidak                              GRI
                                                                                                       Alasan   Penjelasan
  Other Source                                                                Page      Dicantumkan    Reason   Explanation    GRI Sector
                                                                                         Requirement                            Standard
                                                                                           Omitted                              Ref. No.
 Topik material
 Material topics
 Kinerja Ekonomi
 Economic Performance
 GRI 201:          3-3              Manajemen topik material                 247-248          -          -           -              -
 Kinerja Ekonomi                    Management of material topics
 2016              201-1            Nilai ekonomi langsung yang              249-251          -          -           -              -
 Economic
                                    didapatkan dan didistribusikan
 Performance 2016
                                    Direct economic value generated and
                                    distributed
                        201-2       Implikasi keuangan dan risiko serta       253             -          -           -              -
                                    peluang lainnya akibat perubahan
                                    iklim
                                    Financial implications and other
                                    risks and opportunities due to
                                    climate change
                        201-3       Kewajiban program pensiun manfaat         286             -          -           -              -
                                    pasti dan program pensiun lainnya
                                    Defined benefit plan obligations and
                                    other retirement plans
                        201-4       Bantuan finansial yang diterima dari      251             -          -           -              -
                                    pemerintah
                                    Financial assistance received from
                                    government
 Antikorupsi
 Anti-Corruption
 GRI 205:               3-3         Manajemen topik material                 236-237          -          -           -              -
 Antikorupsi 2016                   Management of material topics
 Anticorruption         205-1       Operasi-operasi yang dinilai             245-246          -          -           -              -
 2016                               memiliki risiko terkait korupsi
                                    Operations assessed for risks related
                                    to corruption
                        205-2       Komunikasi dan pelatihan tentang         245-246          -          -           -              -
                                    kebijakan dan prosedur antikorupsi
                                    Communication and training
                                    about anticorruption policies and
                                    procedures
                        205-3       Insiden korupsi yang terbukti dan        245-246          -          -           -              -
                                    tindakan yang diambil
                                    Confirmed incidents of corruption
                                    and actions taken
 Energi
 Energy
 GRI 302:               3-3         Manajemen topik material                 251-253          -          -           -              -
 Energi 2016                        Management of material topics
 Energy 2016            302-1       Konsumsi energi dalam organisasi          255             -          -           -              -
                                    Energy consumption within the
                                    organization
                        302-2       Konsumsi energi di luar organisasi        255             -          -           -              -
                                    Energy consumption outside the
                                    organization
                        302-3       Intensitas Energi                         256             -          -           -              -
                                    Energy intensity
                        302-4       Pengurangan konsumsi energi               256             -          -           -              -
                                    Reduction of energy consumption
                        302-5       Pengurangan kebutuhan energi              255             -          -           -              -
                                    produk dan jasa
                                    Reductions in energy requirements
                                    of products and services




2025 Annual Report & Sustainability Report                                  363                                     PT Hexindo Adiperkasa Tbk

Page 364
 Ikhtisar 2025 | 2025 Highlights                                            Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                      Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                        Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




                                                                                                Yang Tidak Dicantumkan                           No.
                                                                                                       Omission                                Rujukan
  Standar GRI/                                                          Lokasi/                                                                Standar
  Sumber Lain                           Pengungkapan                    Halaman          Persyaratan                                            Sektor
  GRI Standard/                             Disclosure                  Location/        yang Tidak                                              GRI
                                                                                                                Alasan       Penjelasan
  Other Source                                                            Page          Dicantumkan              Reason      Explanation      GRI Sector
                                                                                          Requirement                                          Standard
                                                                                            Omitted                                            Ref. No.
 Limbah
 Waste
 GRI 306:               3-3         Manajemen topik material             251-253                  -                  -             -                -
 Limbah 2020                        Management of material topics
 Waste 2020             306-1       Timbulan sampah dan dampak            259                     -                  -             -                -
                                    signifikan terkait sampah
                                    Waste generation and significant
                                    waste-related impacts
                        306-2       Pengelolaan dampak signifikan         259                     -                  -             -                -
                                    terkait limbah
                                    Management of significant waste-
                                    related impacts
                        306-3       Limbah yang dihasilkan                265                     -                  -             -                -
                                    Waste generated
                        306-4       Limbah dialihkan dari pembuangan      265                     -                  -             -                -
                                    Waste diverted from disposal
                        306-5       Limbah diarahkan ke pembuangan        265                     -                  -             -                -
                                    Waste directed to disposal
 Kepegawaian
 Employment
 GRI 401:               3-3    Manajemen topik material                  269-271                  -                  -             -                -
 Kepegawaian                   Management of material topics
 2016               401-1      Perekrutan karyawan baru dan              279-282                  -                  -             -                -
 Employment 2016               pergantian karyawan
                               New employee hires and employee
                               turnover
                    401-2      Tunjangan yang diberikan kepada            286                     -                  -             -                -
                               karyawan purnawaktu yang
                               tidak diberikan kepada karyawan
                               sementara atau paruh waktu
                               Benefit provided to full-time
                               employees that are not provided to
                               temporary or part-time employee
                    401-3      Cuti melahirkan                            287                     -                  -             -                -
                               Parental leave
 Kesehatan dan Keselamatan Kerja
 Occupational Health and Safety
 GRI 403:           3-3        Manajemen topik material                  269-271                  -                  -             -                -
 Kesehatan dan                 Management of material topics
 Keselamatan        403-1      Sistem pengelolaan kesehatan dan           293                     -                  -             -                -
 Kerja 2018                    keselamatan kerja
 Occupational                  Occupational health and safety
 Health and Safety             management system
 2018
                    403-2      Identifikasi bahaya, penilaian risiko,    292-302                  -                  -             -                -
                               dan investigasi insiden
                               Hazard identification, risk
                               assessment, and incident
                               investigation
                    403-3      Pelayanan kesehatan kerja                  303                     -                  -             -                -
                               Occupational health services
                    403-4      Partisipasi pekerja, konsultasi, dan       294                     -                  -             -                -
                               komunikasi tentang kesehatan dan
                               keselamatan kerja
                               Worker participation, consultation,
                               and communication on occupational
                               health and safety
                    403-5      Pelatihan bagi pekerja mengenai           299-302                  -                  -             -                -
                               keselamatan dan kesehatan kerja
                               Worker training on occupational
                               health and safety
                    403-6      Peningkatan kualitas kesehatan             303                     -                  -             -                -
                               pekerja
                               Promotion of worker helath




PT Hexindo Adiperkasa Tbk                                               364                                      Laporan Tahunan & Laporan Keberlanjutan 2025

Page 365
                                                                                                                                      03

                                                                                           Yang Tidak Dicantumkan              No.
                                                                                                  Omission                   Rujukan
  Standar GRI/                                                            Lokasi/                                            Standar
  Sumber Lain                          Pengungkapan                       Halaman      Persyaratan                            Sektor
  GRI Standard/                              Disclosure                   Location/    yang Tidak                              GRI
                                                                                                     Alasan   Penjelasan
  Other Source                                                              Page      Dicantumkan    Reason   Explanation    GRI Sector
                                                                                       Requirement                            Standard
                                                                                         Omitted                              Ref. No.
                        403-7       Pencegahan dan mitigasi dampak         296-300          -          -           -              -
                                    kesehatan dan keselamatan kerja
                                    yang terkait langsung dengan
                                    hubungan bisnis
                                    Prevention and mitigation of
                                    occupational health and safety
                                    impacts directly linked by business
                                    relationships
                        403-8       Pekerja yang dicakup oleh sistem        293             -          -           -              -
                                    manajemen kesehatan dan
                                    keselamatan kerja
                                    Workers covered by an occupational
                                    health and safety management
                                    system
                        403-9       Cedera terkait pekerjaan               308-310          -          -           -              -
                                    Work-related injuries
                        403-10      Kesehatan yang berhubungan             308-310          -          -           -              -
                                    dengan pekerjaan
                                    Work-related ill health
 Pelatihan dan Pendidikan
 Training and Education
 GRI 404:            3-3       Manajemen topik material                                     -          -           -              -
 Pelatihan dan                 Management of material topics
 Pendidikan 2016     404-1     Rata-rata jam pelatihan per tahun            291             -          -           -              -
 Training and                  per karyawan
 Education 2016                Average hour of training per year per
                               employee
                     404-2     Program untuk meningkatkan                   287             -          -           -              -
                               keterampilan karyawan dan program
                               bantuan peralihan
                               Programs for upgrading employee
                               skills and transition assistance
                               programs
                     404-3     Persentase karyawan yang menerima            291             -          -           -              -
                               ulasan kinerja dan pengembangan
                               karir secara berkala
                               Percentage of employees receiving
                               regular performance and career
                               development reviews
 -Keanekaragaman dan Peluang Setara
 -Diversity and Equal Opportunity
 GRI 405:            3-3       Manajemen topik material                    269-270          -          -           -              -
 Keanekaragaman                Management of material topics
 dan Peluang         405-1     Keanekaragaman badan tata kelola             271             -          -           -              -
 Setara 2016                   dan karyawan
 Diversity                     Diversity of governance bodies and
 and Equal                     employees
 Opportunity 2016
                     405-2     Rasio gaji pokok dan remunerasi              285             -          -           -              -
                               perempuan terhadap laki-laki
                               Ratio of basic salary and
                               remuneration of women to men
 Kesehatan dan Keselamatan Pelanggan
 Customer Health and Safety
 GRI 416:            3-3       Manajemen topik material                    318-319          -          -           -              -
 Kesehatan dan                 Management of material topics
 Keselamatan         416-1     Penilaian dampak kesehatan dan               324             -          -           -              -
 Pelanggan 2016                keselamatan dari kategori produk
 Customer Health               dan layanan
 and Safety 2016               Assessment of the health and safety
                               impacts of product and service
                               categories
                     416-2     Insiden ketidakpatuhan terkait               324             -          -           -              -
                               dampak kesehatan dan keselamatan
                               dari produk dan layanan
                               Incidents of non-compliance
                               concerning the health and safety
                               impacts of products and services



2025 Annual Report & Sustainability Report                                365                                     PT Hexindo Adiperkasa Tbk

Page 366
 Ikhtisar 2025 | 2025 Highlights                                                        Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                                  Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                                    Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Topik dalam Standar GRI yang Ditentukan sebagai
Topik yang Bukan Material
Topics in the GRI Standards Identified as Non-Material Topic


            Topik                                                             Pengungkapan                                                       Lokasi/Halaman
              Topic                                                                Disclosure                                                       Location/Page
 GRI 305:                             305-1      Emisi gas rumah kaca (Scope 1) langsung                                                                  258
 Emisi 2016                                      Direct (Scope 1) GHG emissions
 Emission 2016
                                      305-2      Energi tidak langsung (Cakupan 2) emisi GRK                                                              258
                                                 Energy indirect (Scope 2) GHG emissions
                                      305-3      Emisi GRK (Cakupan 3) tidak langsung lainnya                                                             258
                                                 Other indirect (Scope 3) GHG emissions
                                      305-4      Intensitas emisi gas rumah kaca                                                                       257-259
                                                 GHG emissions intensity
                                      305-5      Pengurangan emisi gas rumah kaca                                                                      257-259
                                                 Reduction of GHG emissions

                                      305-6      Emisi zat perusak ozon (ODS)                                                                             258
                                                 Ozone-Depleting Substance (ODS) Emissions

                                      305-7      Nitrogen oksida (NOx), sulfur oksida (SOx), dan signifikan emisi udara lainnya                           259
                                                 Nitrogen oxides (NOx), sulfur oxides (SOx), and other significant air emissions
 GRI 406:                             406-1      Insiden diskriminasi dan tindakan perbaikan yang dilakukan                                               273
 Nondiskriminasi 2016                            Incidents of discrimination and corrective actions taken
 Non-discrimination 2016
 GRI 407:                             407-1      Operasi dan pemasok di mana hak atas kebebasan berserikat dan perundingan                                276
 Kebebasan Berserikat dan                        kolektif mungkin berisiko
 Perundingan Kolektif 2016                       Operations and suppliers in which the right to freedom of association and collective
 Freedom of Association and                      bargaining may be at risk
 Collective Bargaining 2016
 GRI 408:                             408-1      Operasi dan pemasok yang berisiko signifikan terhadap insiden pekerja anak                               276
 Pekerja anak 2016                               Operations and suppliers at significant risk for incidents of child labor
 Child Labor 2016
 GRI 409:                             409-1      Operasi dan pemasok yang berisiko signifikan terhadap insiden kerja paksa atau                           276
 Kerja Paksa atau Wajib Kerja                    wajib kerja
 2016                                            Operations and suppliers at significant risk for incidents of forced or compulsory labor
 Forced or Compulsory Labor
 2016




PT Hexindo Adiperkasa Tbk                                                         366                                        Laporan Tahunan & Laporan Keberlanjutan 2025

Page 367
                                                                                                                                                   03

Lembar Umpan Balik                                        [G.2]

Feedback Form



Terima kasih kepada Bapak/Ibu/Saudara yang telah berkenan                            Thank you to the ladies and gentlemen who have kindly taken the
membaca Laporan Keberlanjutan PT Hexindo Adiperkasa Tbk Tahun                        time to read the Sustainability Report of PT Hexindo Adiperkasa
Buku 2025. Dalam rangka meningkatkan isi Laporan Keberlanjutan                       Tbk for the 2025 fiscal year. To support the improvement of future
pada tahun-tahun mendatang, kami berharap anda bersedia untuk                        Sustainability Reports, we kindly request that you complete this
mengisi Lembar Umpan Balik ini, kemudian mengirimkannya kepada                       Feedback Form and return it to us.
kami.


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2025 Annual Report & Sustainability Report                                    367                                               PT Hexindo Adiperkasa Tbk

Page 368
 Ikhtisar 2025 | 2025 Highlights                                                 Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                           Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                             Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




Penilaian Anda terhadap isi laporan ini:
Your assessment of the content of this report:
                                                                                                                                         Tidak         Tidak
                                                       Parameter                                                           Setuju
                                                        Parameter                                                           Agree
                                                                                                                                         Setuju        Tahu
                                                                                                                                         Disagree      Unsure
 Laporan Keberlanjutan ini sudah memberikan informasi yang jelas mengenai kinerja ekonomi, sosial
 dan lingkungan PT Hexindo Adiperkasa Tbk
 This Sustainability Report provides clear information on the economic, social, and environmental performance
 of PT Hexindo Adiperkasa Tbk
 Laporan Keberlanjutan ini sudah memberikan informasi yang jelas mengenai pemenuhan tanggung
 jawab sosial dan lingkungan PT Hexindo Adiperkasa Tbk
 This Sustainability Report provides clear information on the fulfillment of social and environmental
 responsibility of PT Hexindo Adiperkasa Tbk
 Materi dan data dalam Laporan Keberlanjutan ini mudah dimengerti dan dipahami
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 Apakah desain, tata letak, grafis dan foto-foto dalam Laporan Keberlanjutan ini sudah bagus
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Penilaian Anda terhadap isi laporan ini:
Your assessment of the content of this report:
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 ditambahkan pada Laporan Keberlanjutan mendatang?
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Mohon untuk memberikan saran/usul/komentar Anda atas laporan ini:
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Terima kasih atas partisipasi Anda. Mohon agar formulir ini                         Thank you for your participation. We kindly request to send back this
dikirimkan ke alamat berikut:                                                       form to:

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Corporate Secretary

PT Hexindo Adiperkasa Tbk
Kawasan Industri Pulo Gadung
(Jakarta Industrial Estate Pulo Gadung)
Jl. Pulo Kambing II Kav. I-II No.33 - Jakarta 13930

Telp: +62 21 4611688
Email: corporate@hexindo-tbk.co.id




PT Hexindo Adiperkasa Tbk                                                     368                                     Laporan Tahunan & Laporan Keberlanjutan 2025

Page 369
                                                                                                         03




                                             Halaman ini sengaja dikosongkan
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2025 Annual Report & Sustainability Report                   369                      PT Hexindo Adiperkasa Tbk

Page 370
 Ikhtisar 2025 | 2025 Highlights                                        Tata Kelola Perusahaan | Corporate Governance
 Laporan Manajemen | Management Report                                  Laporan Keberlanjutan | Sustainability Report
 Profil Perusahaan | Company Profile                                    Laporan Keuangan | Financial Report
 Analisis & Pembahasan Manajemen | Management Discussion & Analysis




PT Hexindo Adiperkasa Tbk                                             370                                    Laporan Tahunan & Laporan Keberlanjutan 2025

Page 371
                                                                             03




                                                     Laporan
                                                    Keuangan
                                             Financial Statement




2025 Annual Report & Sustainability Report    371         PT Hexindo Adiperkasa Tbk

Page 372
Halaman ini sengaja dikosongkan
This page is intentionally left blank.

Page 373
PT Hexindo Adiperkasa Tbk

Laporan keuangan tanggal 31 Maret 2026 dan
untuk tahun yang berakhir pada tanggal tersebut
beserta laporan auditor independen/
Financial statements as of March 31, 2026 and
for the year then ended
with independent auditor’s report

Page 374

Page 375
           PT HEXINDO ADIPERKASA Tbk                                                              PT HEXINDO ADIPERKASA Tbk
               LAPORAN KEUANGAN                                                                      FINANCIAL STATEMENTS
             TANGGAL 31 MARET 2026                                                                    AS OF MARCH 31, 2026
      DAN UNTUK TAHUN YANG BERAKHIR PADA                                                                AND FOR THE YEAR
               TANGGAL TERSEBUT                                                                           THEN ENDED
      BESERTA LAPORAN AUDITOR INDEPENDEN                                                      WITH INDEPENDENT AUDITOR’S REPORT


                                 Daftar Isi                                                                   Table of Contents


                                                                              Halaman/
                                                                               Page

Laporan Auditor Independen...........................................           i - ix   ...................................Independent Auditor’s Report

Laporan Posisi Keuangan ..............................................          1-2      ............................... Statement of Financial Position

Laporan Laba Rugi dan                                                                                                 Statement of Profit or Loss and
    Penghasilan Komprehensif Lain .............................                   3      ......................... Other Comprehensive Income

Laporan Perubahan Ekuitas ...........................................             4      .............................. Statement of Changes in Equity

Laporan Arus Kas ..........................................................       5      ........................................ Statement of Cash Flows

Catatan Atas Laporan Keuangan ................................... 6 - 106 ........................... Notes to the Financial Statements



                                                                  ***************************

Page 376
                                                                                               The original report included herein
                                                                                                    is in the Indonesian language.

Laporan Audit or Independen                                               Independent Audit or’s Report

Laporan No.                    01875/ 2.1505/ AU.1/ 05/ 1810-             Report No.       01875/ 2.1505/ AU.1/ 05/ 1810-
2/ 1/ VI/ 2026                                                            2/ 1/ VI/ 2026


Pemegang     Saham,     Dewan                            Komisaris,       The Shareholders and t he               Boards      of
dan Direksi                                                               Commissioners and Direct ors
PT Hexindo Adiperkasa Tbk                                                 PT Hexindo Adiperkasa Tbk

Opini                                                                     Opinion

Kami telah mengaudit laporan keuangan                                     We have audited the accompanying financial
PT Hexindo Adiperkasa Tbk (“ Perusahaan” )                                statements of PT Hexindo Adiperkasa Tbk
terlampir, yang terdiri dari laporan posisi                               (the “ Company” ), which comprise the
keuangan tanggal 31 Maret 2026, serta laporan                             statement of financial position as of March 31,
laba rugi dan penghasilan komprehensif lain,                              2026, and the statement of profit or loss and
laporan perubahan ekuitas, dan laporan arus kas                           other comprehensive income, statement of
untuk tahun yang berakhir pada tanggal tersebut,                          changes in equity, and statement of cash flows
serta catatan atas laporan keuangan, termasuk                             for the year then ended, and notes to the
informasi kebijakan akuntansi material.                                   financial statements,      including material
                                                                          accounting policy information.

Menurut opini kami, laporan keuangan terlampir                            In our opinion, the accompanying financial
menyajikan secara wajar, dalam semua hal yang                             statements present fairly, in all material
material, posisi keuangan Perusahaan tanggal                              respects, the financial position of the Company
31 Maret 2026, serta kinerja keuangan dan arus                            as of March 31, 2026, and its financial
kasnya untuk tahun yang berakhir pada tanggal                             performance and cash flows for the year then
tersebut, sesuai dengan Standar Akuntansi                                 ended, in accordance with Indonesian Financial
Keuangan di Indonesia.                                                    Accounting Standards.

Basis opini                                                               Basis for opinion

Kami melaksanakan audit kami berdasarkan                                  We conducted our audit in accordance with
Standar Audit yang ditetapkan oleh Institut                               Standards on Auditing established by the
Akuntan Publik Indonesia (“ IAPI” ). Tanggung                             Indonesian Institute of Certified Public
jawab kami menurut standar tersebut diuraikan                             Accountants (“ IICPA” ). Our responsibilities
lebih lanjut dalam paragraf Tanggung Jawab                                under those standards are furt her described in
Auditor terhadap Audit atas Laporan Keuangan                              the Auditor’s Responsibilities for the Audit of
pada laporan kami. Kami independen terhadap                               the Financial St atements paragraph of our
Perusahaan berdasarkan ketentuan etika yang                               report. We are independent of the Company in
relevan dalam audit kami atas laporan keuangan                            accordance with the ethical requirements
di Indonesia, dan kami telah memenuhi tanggung                            relevant to our audit of the financial statements
jawab etika lainnya berdasarkan ketentuan                                 in Indonesia, and we have fulfilled our other
tersebut. Kami yakin bahwa bukti audit yang telah                         ethical responsibilities in accordance with such
kami peroleh adalah cukup dan tepat untuk                                 requirements. We believe that the audit
menyediakan suatu basis bagi opini kami.                                  evidence we have obtained is sufficient and
                                                                          appropriate to provide a basis for our opinion.




KAP Purwanto Susanti dan Surja
Registered Public Accountants KMK No. 69/ MK/ SK/ 2025
                                                                      i
A member firm of Ernst & Young Global Limited

Page 377
                                                                                 The original report included herein
                                                                                      is in the Indonesian language.

Laporan Audit or Independen                                Independent Audit or’s Report

Laporan No. 01875/ 2.1505/ AU.1/ 05/ 1810-                 Report No. 01875/ 2.1505/ AU.1/ 05/ 1810-
2/ 1/ VI/ 2026 (lanjutan)                                  2/ 1/ VI/ 2026 (continued)


Hal audit ut ama                                           Key audit mat t ers

Hal audit utama adalah hal-hal yang, menurut               Key audit matters are those matters that, in our
pertimbangan profesional kami, merupakan hal               professional    judgment,    were of       most
yang paling signifikan dalam audit kami atas               significance in our audit of the financial
laporan keuangan periode kini. Hal audit utama             statements of the current period. Such key audit
tersebut disampaikan dalam konteks audit kami              matters were addressed in the context of our
atas laporan keuangan secara keseluruhan, dan              audit of the financial statements taken as a
dalam merumuskan opini kami atas laporan                   whole, and in forming our opinion thereon, and
keuangan terkait, dan kami tidak menyatakan                we do not provide a separate opinion on such
suatu opini terpisah atas hal audit utama tersebut.        key audit matters. For the key audit matter
Untuk hal audit utama di bawah ini, penjelasan             below, our description of how our audit
kami tentang bagaimana audit kami merespons                addressed such key audit matter is provided in
hal tersebut disampaikan dalam konteks tersebut.           such context.

Kami telah memenuhi tanggung jawab yang                    We have fulfilled the responsibilities described
diuraikan dalam paragraf Tanggung Jawab                    in t he Audit or’s Responsibilities for t he Audit of
Auditor terhadap Audit atas Laporan Keuangan               the Financial St atements paragraph of our
pada laporan kami, termasuk sehubungan dengan              report, including in relation to the key audit
hal audit utama yang dikomunikasikan di bawah              matter communicated below. Accordingly, our
ini. Oleh karena itu, audit kami mencakup                  audit included the performance of procedures
pelaksanaan prosedur yang didesain untuk                   designed to respond to our assessment of the
merespons penilaian kami atas risiko kesalahan             risks of material misstatement of the
penyajian material dalam laporan keuangan                  accompanying financial statements. The results
terlampir. Hasil prosedur audit kami, termasuk             of our audit procedures, including the
prosedur yang dilakukan untuk merespons hal                procedures performed to address the key audit
audit utama di bawah ini, menyediakan basis bagi           matter below, provide the basis for our opinion
opini kami atas laporan keuangan terlampir.                on the accompanying financial statements.




                                                      ii
A member firm of Ernst & Young Global Limited

Page 378
                                                                               The original report included herein
                                                                                    is in the Indonesian language.

Laporan Audit or Independen                               Independent Audit or’s Report

Laporan No. 01875/ 2.1505/ AU.1/ 05/ 1810-                Report No. 01875/ 2.1505/ AU.1/ 05/ 1810-
2/ 1/ VI/ 2026 (lanjutan)                                 2/ 1/ VI/ 2026 (continued)


Hal audit ut ama (lanjut an)                              Key audit mat t ers (cont inued)

Evaluasi penurunan nilai piutang usaha                    Impairment assessment of trade receivables

Penjelasan atas hal audit utama:                          Description of the key audit matter:

Pada tanggal 31 Maret 2026, Perusahaan                    As of March 31, 2026, the Company recognized
mengakui piutang usaha dengan nilai tercatat              trade receivables with a carrying amount of
$AS113 juta atau sekitar 28% dari total aset.             US$113 million or approximately 28% of the
Sesuai persyaratan PSAK 109: Instrumen                    total asset s. In accordance with PSAK 109:
Keuangan, Perusahaan mencatat piutang usaha               Financial Instruments, the Company recorded
sebagai aset keuangan pada biaya perolehan                trade receivables as financial asset at amortized
diamortisasi dikurangi akumulasi penurunan nilai.         cost      less     accumulated       impairment.
Perusahaan menugaskan pakar manajemen untuk               The Company engaged a management ’s expert
melakukan estimasi penyisihan penurunan nilai             to estimate impairment of trade receivables
piutang usaha menggunakan pendekatan yang                 using the simplified approach in calculating
disederhanakan dalam menghitung kerugian                  expected credit losses (“ ECL” ) by est ablishing a
kredit ekspektasian (“ KKE” ) dengan menetapkan           provision matrix based on historical credit loss
matriks penyisihan berdasarkan pengalaman                 experience adjusted for forward-looking
kerugian kredit historis yang disesuaikan dengan          information of the customers and the related
informasi yang bersifat perkiraan masa depan              macroeconomic variables. The disclosures of
(forward-looking)    pelanggan     dan   variabel         trade receivables are presented in Notes 2 and
makroekonomi terkait. Pengungkapan terkait                5 to the financial statements.
piutang usaha disajikan dalam Catatan 2 dan 5
atas laporan keuangan.

Evaluasi penurunan nilai piutang usaha ini                This impairment        assessment     of    trade
merupakan hal audit utama bagi kami karena                receivables is a key audit matter to us because
saldo piutang usaha material terhadap laporan             t he balance of t rade receivables is mat erial t o
keuangan secara keseluruhan dan evaluasi                  the financial statements as a whole and such an
tersebut melibatkan estimasi manajemen yang               assessment required significant estimation
signifikan.                                               from the management.

Respons audit:                                            Audit response:

Kami mengevaluasi rancangan pengendalian                  We evaluated the design of the key controls over
utama atas proses evaluasi penurunan nilai                the process for impairment assessment of trade
piutang usaha. Kami mengevaluasi metodologi               receivables. We evaluated the methodologies
dan asumsi utama yang digunakan dalam model               and key assumptions used in the model used to
yang digunakan dalam mengestimasi penyisihan              estimate the allowance for impairment of those
penurunan nilai piutang usaha tersebut.                   trade receivables.




                                                    iii
A member firm of Ernst & Young Global Limited

Page 379
                                                                               The original report included herein
                                                                                    is in the Indonesian language.

Laporan Audit or Independen                              Independent Audit or’s Report

Laporan No. 01875/ 2.1505/ AU.1/ 05/ 1810-               Report No. 01875/ 2.1505/ AU.1/ 05/ 1810-
2/ 1/ VI/ 2026 (lanjutan)                                2/ 1/ VI/ 2026 (continued)


Hal audit ut ama (lanjut an)                             Key audit mat t ers (cont inued)

Evaluasi penurunan nilai piutang usaha (lanjutan)        Impairment assessment of trade receivables
                                                         (continued)

Respons audit: (lanjutan)                                Audit response: (continued)

Kami mengevaluasi segmentasi Perusahaan                  We evaluated the Company’s segmentation of
terhadap eksposur risiko kreditnya sesuai                its credit risk exposure based on credit risk
karakteristik risiko kredit pelanggan dan menguji        characteristics of the customers and tested the
definisi gagal bayar dengan membandingkan                definition of default against historical analysis
analisis historis dan kebijakan Perusahaan. Kami         and the Company’s policy. We tested the trade
menguji umur piutang dan tingkat kerugian                receivables’ aging and tested historical loss
historis dengan menelusur i sesuai data keuangan         rates by inspecting historical recoveries and
dan dokumen Perusahaan. Kami juga menguji                write-offs to the Company’s financial data and
kelayakan metode, asumsi dan data yang                   documents. We also tested the reasonableness
digunakan, dan asumsi informasi makroekonomi             of the method, assumptions and data used, and
bersifat perkiraan masa depan (forward-looking)          testing     forward-looking      macroeconomic
yang digunakan dalam perhitungan dengan                  information assumptions used in the calculation
menggunakan uji statistik dan mendapatkan bukti          through statistical test and corroboration using
yang menguatkan berdasarkan data yang dapat              publicly accessible data source.
diakses publik.

Kami      juga     mengevaluasi     kompetensi,          We also evaluated the competence, objectivity,
obyektivitas, dan kemampuan pakar manajemen              and capabilit ies of t he management’s expert by
dengan       mempertimbangkan        kualifikasi,        considering their qualifications, experience and
pengalaman dan tanggung jawab pelaporan                  reporting responsibilit ies. We also assessed the
mereka. Kami juga melakukan evaluasi atas                adequacy of these matters in the notes to the
kecukupan pengungkapan terkait hal ini pada              accompanying financial statements.
catatan atas laporan keuangan terlampir.

Informasi lain                                           Ot her informat ion

Manajemen bertanggung jawab atas informasi               Management is responsible for the other
lain. Informasi lain terdiri dari informasi yang         information. Other information comprises the
tercantum dalam Laporan Tahunan 2025                     information included in the 2025 Annual Report
(“ Laporan Tahunan” ) selain laporan keuangan            (“ the Annual Report” ) other than the
terlampir dan laporan auditor independen kami.           accompanying financial statements and our
Laporan Tahunan diharapkan akan tersedia bagi            independent auditor’s report thereon. The
kami setelah tanggal laporan auditor independen          Annual Report is expected to be made available
ini.                                                     to us after the date of this independent auditor’s
                                                         report.




                                                    iv
A member firm of Ernst & Young Global Limited

Page 380
                                                                           The original report included herein
                                                                                is in the Indonesian language.

Laporan Audit or Independen                            Independent Audit or’s Report

Laporan No. 01875/ 2.1505/ AU.1/ 05/ 1810-             Report No. 01875/ 2.1505/ AU.1/ 05/ 1810-
2/ 1/ VI/ 2026 (lanjutan)                              2/ 1/ VI/ 2026 (continued)


Informasi lain (lanjut an)                             Ot her informat ion (cont inued)

Opini kami atas laporan keuangan terlampir tidak       Our opinion on the accompanying financial
mencakup Laporan Tahunan, dan oleh karena itu,         statements does not cover the Annual Report,
kami tidak menyatakan bentuk keyakinan apapun          and accordingly, we do not express any form of
atas Laporan Tahunan tersebut.                         assurance on the Annual Report.

Sehubungan dengan audit kami atas laporan              In connection with our audit of the
keuangan terlampir, tanggung jawab kami adalah         accompanying financial statements, our
untuk      membaca       Laporan     Tahunan           responsibility is to read the Annual Report when
ketika tersedia dan, dalam melaksanakannya,            it becomes available and, in doing so, consider
mempertimbangkan apakah Laporan Tahunan                whether the Annual Report is materially
mengandung      ketidakkonsistensian  material         inconsistent with the accompanying financial
dengan laporan keuangan terlampir atau                 statements or our knowledge obtained in the
pemahaman yang kami peroleh selama audit,              audit, or otherwise appears to be materially
atau mengandung kesalahan penyajian material.          misstated.

Ketika kami membaca Laporan Tahunan, jika              When we read the Annual Report, if we conclude
kami menyimpulkan bahwa terdapat suatu                 that there is a material misstatement therein,
kesalahan penyajian material di dalamnya, kami         we are required to communicate the matter to
diharuskan    untuk   mengomunikasikan      hal        those charged with governance and take
tersebut kepada pihak yang bertanggung jawab           appropriate actions based on the applicable
atas tata kelola dan melakukan tindakan yang           laws and regulations.
tepat   berdasarkan peraturan perundang-
undangan yang berlaku.

Tanggung jawab manajemen dan pihak yang                Responsibilit ies of management and t hose
bert anggung jawab at as t at a kelola t erhadap       charged wit h governance for t he financial
laporan keuangan                                       st at ement s

Manajemen bertanggung jawab atas penyusunan            Management is responsible for the preparation
dan penyajian wajar laporan keuangan tersebut          and fair presentation of the financial statements
sesuai dengan Standar Akuntansi Keuangan di            in accordance with Indonesian Financial
Indonesia, dan atas pengendalian internal yang         Accounting Standards, and for such internal
dianggap    perlu   oleh   manajemen     untuk         control as management determines is necessary
memungkinkan penyusunan laporan keuangan               to enable the preparation of financial
yang bebas dari kesalahan penyajian material,          statements that are free from material
baik yang disebabkan oleh kecurangan maupun            misstatement, whether due to fraud or error.
kesalahan.




                                                   v
A member firm of Ernst & Young Global Limited

Page 381
                                                                               The original report included herein
                                                                                    is in the Indonesian language.

Laporan Audit or Independen                               Independent Audit or’s Report

Laporan No. 01875/ 2.1505/ AU.1/ 05/ 1810-                Report No. 01875/ 2.1505/ AU.1/ 05/ 1810-
2/ 1/ VI/ 2026 (lanjutan)                                 2/ 1/ VI/ 2026 (continued)


Tanggung jawab manajemen dan pihak yang                   Responsibilit ies of management and t hose
bert anggung jawab at as t at a kelola t erhadap          charged wit h governance for t he financial
laporan keuangan (lanjut an)                              st at ement s (cont inued)

Dalam     penyusunan       laporan      keuangan,         In preparing the financial statements,
manajemen bertanggung jawab untuk menilai                 management is responsible for assessing the
kemampuan Perusahaan dalam mempertahankan                 Company’s ability to continue as a going
kelangsungan usahanya, mengungkapkan, sesuai              concern, disclosing, as applicable, matters
dengan kondisinya, hal-hal yang berkaitan dengan          related to going concern, and using the going
kelangsungan usaha, dan menggunakan basis                 concern      basis    of    accounting, unless
akuntansi     kelangsungan     usaha,      kecuali        management either intends to liquidate
manajemen memiliki intensi untuk melikuidasi              the Company or to cease its operations, or has
Perusahaan atau menghentikan operasi atau tidak           no realistic alternative but to do so.
memiliki   alternatif   yang    realistis   selain
melaksanakannya.

Pihak yang bertanggung jawab atas tata kelola             Those charged with governance are responsible
bertanggung jawab untuk mengawasi proses                  for overseeing the Company’s financial
pelaporan keuangan Perusahaan.                            reporting process.

Tanggung jawab audit or t erhadap audit at as             Audit or’s responsibilit ies for t he audit of t he
laporan keuangan                                          financial st at ement s

Tujuan kami adalah untuk memeroleh keyakinan              Our objectives are to obtain reasonable
memadai tentang apakah laporan keuangan                   assurance about whet her the financial
secara keseluruhan bebas dari kesalahan                   statements t aken as a whole are free from
penyajian material, baik yang disebabkan oleh             material misstatement, whether due to fraud or
kecurangan maupun kesalahan, dan untuk                    error, and to issue an independent auditor’s
menerbitkan laporan auditor independen yang               report that includes our opinion. Reasonable
mencakup opini kami. Keyakinan memadai                    assurance is a high level of assurance, but is not
merupakan suatu tingkat keyakinan tinggi, namun           a guarantee that an audit conducted in
bukan merupakan suatu jaminan bahwa audit                 accordance with Standards on Auditing
yang dilaksanakan berdasarkan Standar Audit               established by the IICPA will always detect a
yang ditetapkan oleh IAPI akan selalu mendeteksi          material misstatement         when it exist s.
kesalahan penyajian material ketika hal tersebut          Misstatements can arise from fraud or error and
ada. Kesalahan penyajian dapat disebabkan oleh            are considered material if, individually or in the
kecurangan maupun kesalahan dan dianggap                  aggregate, they could reasonably be expected
material jika, baik secara individual maupun              to influence the economic decisions of users
agregat, dapat diekspektasikan secara wajar akan          taken on the basis of these financial statements.
memengaruhi keputusan ekonomi yang diambil
oleh pengguna berdasarkan laporan keuangan
tersebut.




                                                     vi
A member firm of Ernst & Young Global Limited

Page 382
                                                                                  The original report included herein
                                                                                       is in the Indonesian language.

Laporan Audit or Independen                                  Independent Audit or’s Report

Laporan No. 01875/ 2.1505/ AU.1/ 05/ 1810-                   Report No. 01875/ 2.1505/ AU.1/ 05/ 1810-
2/ 1/ VI/ 2026 (lanjutan)                                    2/ 1/ VI/ 2026 (continued)


Tanggung jawab audit or t erhadap audit at as                Audit or’s responsibilit ies for t he audit of t he
laporan keuangan (lanjut an)                                 financial st at ement s (cont inued)

Sebagai bagian dari suatu audit berdasarkan                  As part of an audit in accordance with Standards
Standar Audit yang ditetapkan oleh IAPI, kami                on Auditing established by the IICPA, we
menerapkan pertimbangan profesional dan                      exercise professional judgment and maintain
mempertahankan skeptisisme profesional selama                professional skepticism throughout the audit.
audit. Kami juga:                                            We also:

      Mengidentifikasi dan menilai risiko kesalahan            Ident ify and assess the risks of material
       penyajian material dalam laporan keuangan,                misstatement of the financial statements,
       baik yang disebabkan oleh kecurangan                      whether due to fraud or error, design and
       maupun       kesalahan,    mendesain      dan             perform audit procedures responsive to
       melaksanakan prosedur audit yang responsif                such risks, and obtain audit evidence that is
       terhadap risiko tersebut, serta memeroleh                 sufficient and appropriate to provide a basis
       bukti audit yang cukup dan tepat untuk                    for our opinion. The risk of not detecting a
       menyediakan basis bagi opini kami. Risiko                 material misstatement resulting from fraud
       tidak terdeteksinya suatu kesalahan penyajian             is higher than for one resulting from error,
       material yang disebabkan oleh kecurangan                  as fraud may involve collusion, forgery,
       lebih tinggi dari yang disebabkan oleh                    intentional omissions, misrepresentations,
       kesalahan,     karena    kecurangan     dapat             or override of internal control.
       melibatkan kolusi, pemalsuan, penghilangan
       secara sengaja, pernyataan salah, atau
       pengabaian atas pengendalian internal.

      Memeroleh suatu pemahaman tentang                        Obtain an understanding of internal control
       pengendalian internal yang relevan dengan                 relevant to the audit in order to design audit
       audit untuk mendesain prosedur audit yang                 procedures that are appropriate in the
       tepat sesuai dengan kondisinya, tetapi bukan              circumstances, but not for the purpose of
       untuk tujuan menyatakan opini atas                        expressing an opinion on the effectiveness
       keefektivitasan    pengendalian      internal             of the Company’s internal control.
       Perusahaan.

      Mengevaluasi ketepatan kebijakan akuntansi               Evaluate the appropriateness of accounting
       yang digunakan serta kewajaran estimasi                   policies used and the reasonableness of
       akuntansi dan pengungkapan terkait yang                   accounting     estimates   and     related
       dibuat oleh manajemen.                                    disclosures made by management.




                                                       vii
A member firm of Ernst & Young Global Limited

Page 383
                                                                                    The original report included herein
                                                                                         is in the Indonesian language.

Laporan Audit or Independen                                    Independent Audit or’s Report

Laporan No. 01875/ 2.1505/ AU.1/ 05/ 1810-                     Report No. 01875/ 2.1505/ AU.1/ 05/ 1810-
2/ 1/ VI/ 2026 (lanjutan)                                      2/ 1/ VI/ 2026 (continued)


Tanggung jawab audit or t erhadap audit at as                  Audit or’s responsibilit ies for t he audit of t he
laporan keuangan (lanjut an)                                   financial st at ement s (cont inued)

Sebagai bagian dari suatu audit berdasarkan                    As part of an audit in accordance with Standards
Standar Audit yang ditetapkan oleh IAPI, kami                  on Auditing established by the IICPA, we
menerapkan pertimbangan profesional dan                        exercise professional judgment and maintain
mempertahankan skeptisisme profesional selama                  professional skepticism throughout the audit.
audit. Kami juga: (lanjutan)                                   We also: (continued)

      Menyimpulkan ketepatan penggunaan basis                    Conclude on the appropriateness of
       akuntansi     kelangsungan      usaha     oleh              management’s use of the going concern
       manajemen dan, berdasarkan bukti audit yang                 basis of accounting and, based on the audit
       diperoleh,     apakah     terdapat       suatu              evidence obtained, whether a material
       ketidakpastian material yang terkait dengan                 uncertainty exists related to events or
       peristiwa    atau    kondisi    yang     dapat              conditions that may cast significant doubt
       menyebabkan keraguan signifikan atas                        on the Company ability to continue as a
       kemampuan           Perusahaan           untuk              going concern. If we conclude that a
       mempertahankan kelangsungan usahanya.                       material uncertainty exists, we are required
       Ketika kami menyimpulkan bahwa terdapat                     to draw attention in our independent
       suatu     ketidakpastian     material,    kami              auditor’s report to the related disclosures in
       diharuskan untuk menarik perhatian dalam                    the financial statements or, if such
       laporan auditor independen kami ke                          disclosures are inadequate, to modify our
       pengungkapan      terkait    dalam     laporan              opinion. Our conclusion is based on the
       keuangan atau, jika pengungkapan tersebut                   audit evidence obtained up to the date of
       tidak memadai, memodifikasi opini kami.                     our independent auditor’s report. However,
       Kesimpulan kami didasarkan pada bukti audit                 future events or conditions may cause the
       yang diperoleh hingga tanggal laporan auditor               Company to cease to continue as a going
       independen kami. Namun, peristiwa atau                      concern.
       kondisi masa depan dapat menyebabkan
       Perusahaan tidak dapat mempertahankan
       kelangsungan usaha.

      Mengevaluasi penyajian, struktur, dan isi                  Evaluate    the    overall    present ation,
       laporan keuangan secara keseluruhan,                        structure, and content of the financial
       termasuk pengungkapannya, dan apakah                        statements, including the disclosures, and
       laporan keuangan mencerminkan transaksi                     whether the financial statements represent
       dan peristiwa yang mendasarinya dengan                      the underlying transactions and events in a
       suatu cara yang mencapai penyajian wajar.                   manner that achieves fair presentation.

Kami mengomunikasikan kepada pihak yang                        We communicate with those charged with
bertanggung jawab atas tata kelola mengenai,                   governance regarding, among other matters,
antara lain, ruang lingkup dan saat yang                       the planned scope and timing of the audit and
direncanakan atas audit serta temuan audit                     significant audit findings, including any
signifikan, termasuk setiap defisiensi signifikan              significant deficiencies in internal control that
dalam pengendalian internal yang teridentifikasi               we identify during our audit.
oleh kami selama audit.


                                                        viii
A member firm of Ernst & Young Global Limited

Page 384
A member firm of Ernst & Young Global Limited

Page 385
                                                                                   The original financial statements included herein
                                                                                                    are in the Indonesian language.

             PT HEXINDO ADIPERKASA Tbk                                         PT HEXINDO ADIPERKASA Tbk
             LAPORAN POSISI KEUANGAN                                        STATEMENT OF FINANCIAL POSITION
                  Tanggal 31 Maret 2026                                             As of March 31, 2026
         (Disajikan dalam Dolar Amerika Serikat,                             (Expressed in United States Dollar,
                 Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


                                      31 Maret 2026/          Catatan/      31 Maret 2025/
                                      March 31, 2026           Notes        March 31, 2025

ASET                                                                                                                       ASSETS

ASET LANCAR                                                                                                   CURRENT ASSETS
Kas dan bank                                 14.802.890    2,4,32,35              17.802.237            Cash on hand and in banks
Piutang usaha - neto                                       2,5,32,35                                       Trade receivables - net
  Pihak berelasi                             7.486.693         6a                  5.445.876                     Related parties
  Pihak ketiga - neto                      105.934.268       28,34               150.573.287                   Third parties - net
Piutang non-usaha - neto                                    2,32,35                                     Non-trade receivables - net
  Pihak berelasi                               481.959         6b                  5.929.474                     Related parties
  Pihak ketiga - neto                          111.840       27,34                   214.552                   Third parties - net
Piutang derivatif                              116.277    2,33f,33g,35               111.172                Derivative receivables
Persediaan - neto                          224.724.975       2,7,34              211.853.148                       Inventories - net
Uang muka                                    1.379.262         8a                  2.447.955                              Advances
Biaya dibayar di muka                          379.394         8b                    344.179                     Prepaid expenses
Pajak dibayar di muka                          996.102        18a                    379.069                            Prepaid tax

Total Aset Lancar                          356.413.660                           395.100.949                  Total Current Assets


ASET TIDAK LANCAR                                                                                        NON-CURRENT ASSETS
Aset keuangan tidak lancar                    4.756.610       2,9,27,35             4.823.537           Non-current financial assets
                                                                2,10
Aset tetap - neto                            36.394.810       26,27,34            47.146.115                      Fixed assets - net
                                                                2,11,
Aset hak-guna - neto                          1.350.168       26,28,34              2.917.391              Right-of-use assets - net
Aset takberwujud - neto                       1.798.223         12,34               2.230.219                Intangible assets - net
Estimasi tagihan pajak                        1.345.655          13                   256.981        Estimated claims for tax refund
Aset pajak tangguhan - neto                   4.940.636         2,31                4.451.258             Deferred tax assets - net
Uang jaminan                                     32.723         2,35                   33.660                     Security deposits

Total Aset Tidak Lancar                      50.618.825                           61.859.161             Total Non-current Assets

TOTAL ASET                                 407.032.485           34              456.960.110                       TOTAL ASSETS




   Catatan atas laporan keuangan terlampir merupakan bagian           The accompanying notes to the financial statements form an
                integral dari laporan keuangan ini.                           integral part of these financial statements.

                                                                1

Page 386
                                                                                    The original financial statements included herein
                                                                                                     are in the Indonesian language.

            PT HEXINDO ADIPERKASA Tbk                                          PT HEXINDO ADIPERKASA Tbk
        LAPORAN POSISI KEUANGAN (lanjutan)                             STATEMENT OF FINANCIAL POSITION (continued)
                 Tanggal 31 Maret 2026                                              As of March 31, 2026
        (Disajikan dalam Dolar Amerika Serikat,                              (Expressed in United States Dollar,
                Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


                                      31 Maret 2026/          Catatan/       31 Maret 2025/
                                      March 31, 2026           Notes         March 31, 2025

LIABILITAS DAN EKUITAS                                                                                   LIABILITIES AND EQUITY

LIABILITAS                                                                                                               LIABILITIES

LIABILITAS JANGKA PENDEK                                                                                    CURRENT LIABILITIES
                                                              2,14,30,
Utang bank jangka pendek                     93.308.350       32,35,36            165.242.897                  Short-term bank loans
                                                              2,15,32,
Utang usaha                                                    35,36                                                 Trade payables
  Pihak berelasi                             97.044.178          6c                65.137.662                      Related parties
  Pihak ketiga                                7.281.919                             9.348.191                         Third parties
Utang non-usaha                                               2,32,35,36                                          Non-trade payables
  Pihak berelasi                                637.406           6d                   511.312                     Related parties
  Pihak ketiga                                1.987.707                              2.065.791                        Third parties

Uang muka pelanggan                           8.111.969          2,16                3.426.403                   Customers’ deposits
                                                                2,17,
Beban akrual                                  9.723.674       33e,35,36            11.392.652                     Accrued expenses
Liabilitas imbalan kerja                                       2,17,32                                          Short-term employee
   jangka pendek                              2.666.317         35,36,               4.369.458                     benefits liability
Utang pajak                                     504.831       2,18b,32,              4.995.878                        Taxes payable
Liabilitas sewa yang jatuh tempo                               2,11,30,                                         Current maturities of
   dalam waktu satu tahun                       371.134       32,35,36               1.044.469                      lease liabilities
Liabilitas jangka pendek lainnya                 60.988                                416.301                 Other current liabilities

Total Liabilitas Jangka Pendek             221.698.473                            267.951.014               Total Current Liabilities


LIABILITAS JANGKA PANJANG                                                                              NON-CURRENT LIABILITIES
Liabilitas sewa - setelah dikurangi
   bagian yang jatuh tempo                                    2,11,30,                                Lease liabilities - net of current
   dalam waktu satu tahun                         6.175       32,35,36                 316.258                             maturities
Liabilitas imbalan kerja                                                                                        Long-term employee
   jangka panjang                            20.327.717         2,19               17.631.832                    benefits liabilities

Total Liabilitas Jangka Panjang              20.333.892                            17.948.090          Total Non-current Liabilities

TOTAL LIABILITAS                           242.032.365           34               285.899.104                   TOTAL LIABILITIES

EKUITAS                                                                                                                      EQUITY
Modal saham - nilai nominal                                                                                 Share capital - par value
  Rp100 per saham                                                                                                 Rp100 per share
  Modal dasar -                                                                                                        Authorized -
    1.680.000.000 saham                                                                                  1,680,000,000 shares
  Modal ditempatkan dan disetor                                                                             Issued and fully paid -
    penuh - 840.000.000 saham                23.232.926          20                23.232.926              840,000,000 shares
Tambahan modal disetor - neto                 7.998.836          21                 7.998.836          Additional paid-in capital - net
Saldo laba                                                                                                         Retained earnings
  Telah ditentukan penggunaannya             4.646.585                              4.646.585                         Appropriated
  Belum ditentukan penggunaannya           130.091.975           22               135.852.256                      Unappropriated
Penghasilan komprehensif lain                 (970.202)                              (669.597)         Other comprehensive income

TOTAL EKUITAS                              165.000.120                            171.061.006                        TOTAL EQUITY

TOTAL LIABILITAS DAN EKUITAS               407.032.485                            456.960.110    TOTAL LIABILITIES AND EQUITY




   Catatan atas laporan keuangan terlampir merupakan bagian            The accompanying notes to the financial statements form an
                integral dari laporan keuangan ini.                            integral part of these financial statements.

                                                                 2

Page 387
                                                                                     The original financial statements included herein
                                                                                                      are in the Indonesian language.

            PT HEXINDO ADIPERKASA Tbk                                            PT HEXINDO ADIPERKASA Tbk
              LAPORAN LABA RUGI DAN                                          STATEMENT OF PROFIT OR LOSS AND
         PENGHASILAN KOMPREHENSIF LAIN                                         OTHER COMPREHENSIVE INCOME
           Untuk Tahun yang Berakhir pada                                             For the Year Ended
                 Tanggal 31 Maret 2026                                                   March 31, 2026
        (Disajikan dalam Dolar Amerika Serikat,                                (Expressed in United States Dollar,
                Kecuali Dinyatakan Lain)                                            Unless Otherwise Stated)


                                        Tahun yang berakhir pada tanggal 31 Maret/
                                                 Year ended March 31,

                                                          Catatan/
                                           2026            Notes                2025

PENGHASILAN NETO                         515.423.217      2,6e,23,34           522.714.838                          NET REVENUES

BEBAN POKOK PENGHASILAN                  (425.239.963)       2,6e,24          (412.414.203)                    COST OF REVENUES

LABA BRUTO                                90.183.254           34              110.300.635                           GROSS PROFIT

                                                        2,11,25,
Beban penjualan                           (28.927.354)   33e,34                (28.113.751)                          Selling expenses
                                                        2,10,11,
Beban umum dan administrasi               (34.542.702)    26,34                (34.446.627)     General and administrative expenses
Pendapatan lainnya                          2.538.161 2,9,10,27,34               2.274.441                            Other income
                                                           2,5,
Beban lainnya                              (1.602.367)  11,28,34                 (2.876.555)                          Other expenses

LABA USAHA                                27.648.992           34               47.138.143                     OPERATING PROFIT

Penghasilan bunga                            242.661         2,29,34               200.956                             Interest income
                                                             2,11,14,
Beban bunga                                (7.339.547)        30,34              (7.313.163)                        Interest expenses

LABA SEBELUM                                                                                                       PROFIT BEFORE
PAJAK PENGHASILAN                         20.552.106           34               40.025.936                            INCOME TAX

Beban pajak penghasilan - neto             (4.568.987)       2,31,34             (8.964.201)                 Income tax expense - net
LABA TAHUN BERJALAN                       15.983.119           34               31.061.735                  PROFIT FOR THE YEAR

PENGHASILAN (RUGI)                                                                                       OTHER COMPREHENSIVE
KOMPREHENSIF LAIN                                                                                                   INCOME (LOSS)
Pos-pos yang tidak akan                                                                                        Items that will not be
  direklasifikasi ke laba rugi                                                                        reclassified to profit or loss
  Pengukuran kembali atas                                                                               Remeasurement of defined
     program imbalan pasti                   (318.464)         19                  173.179                          benefit plans
  Pajak penghasilan tangguhan terkait          70.062                              (38.099)            Related deferred income tax

  Perubahan nilai wajar                                                                                          Fair value change
    investasi saham                           (66.927)          9                 (412.862)              of investment in shares
  Pajak penghasilan tangguhan terkait          14.724                               90.830             Related deferred income tax

PENGHASILAN                                                                                                            OTHER
KOMPREHENSIF LAIN                                                                                       COMPREHENSIVE INCOME
TAHUN BERJALAN,                                                                                                FOR THE YEAR,
SETELAH PAJAK                                (300.605)                            (186.952)                       NET OF TAX

TOTAL PENGHASILAN                                                                                         TOTAL COMPREHENSIVE
KOMPREHENSIF                                                                                                            INCOME
TAHUN BERJALAN                            15.682.514                            30.874.783                        FOR THE YEAR

LABA PER SAHAM DASAR                              0,019       2,38                     0,037        BASIC EARNINGS PER SHARE




  Catatan atas laporan keuangan terlampir merupakan bagian              The accompanying notes to the financial statements form an
               integral dari laporan keuangan ini.                              integral part of these financial statements.

                                                                3

Page 388
                                                                                                                                                   The original financial st

                             PT HEXINDO ADIPERKASA Tbk                                                                                                            PT HEXIND
                            LAPORAN PERUBAHAN EKUITAS                                                                                                          STATEMENT O
                  Untuk Tahun yang Berakhir pada Tanggal 31 Maret 2026                                                                                          For the Year
                         (Disajikan dalam Dolar Amerika Serikat,                                                                                                (Expressed i
                                 Kecuali Dinyatakan Lain)                                                                                                            Unless


                                                                                                                                            Penghasilan Komprehensif Lain/
                                                                                                                                             Other Comprehensive Income

                                                                                                        Saldo Laba/                         Pengukuran
                                                   Modal Saham            Tambahan                   Retained Earnings                        Kembali               Perubahan
                                                  Ditempatkan dan           Modal                                                          atas Program             Nilai Wajar
                                                   Disetor Penuh/       Disetor - Neto/             Telah               Belum             Imbalan Pasti/        Investasi Saham/
                                                     Issued and           Additional             Ditentukan           Ditentukan         Remeasurement          Fair Value Change
                                       Catatan/       Fully Paid           Paid-in            Penggunaannya/       Penggunaannya/            of Defined           of Investment
                                        Note       Share Capital         Capital - Net          Appropriated        Unappropriated         Benefit Plans             in Shares

Saldo 1 April 2024                                    23.232.926             7.998.836              4.646.585          143.788.836             (994.819)                 512.17

Dividen kas                              22                         -                     -                    -         (38.998.315)                      -

Laba tahun berjalan                                                 -                     -                    -         31.061.735                        -

Penghasilan (rugi) komprehensif lain                                -                     -                    -                     -          135.080                  (322.03

Saldo 31 Maret 2025                                   23.232.926             7.998.836              4.646.585          135.852.256             (859.739)                 190.14

Dividen kas                              22                         -                     -                    -         (21.743.400)                      -

Laba tahun berjalan                                                 -                     -                    -         15.983.119                        -

Rugi komprehensif lain                                              -                     -                    -                     -          (248.402)                 (52.20

Saldo 31 Maret 2026                                   23.232.926             7.998.836              4.646.585          130.091.975            (1.108.141)                137.93




               Catatan atas laporan keuangan terlampir merupakan bagian integral dari                                                     The accompanying notes to the
                                       laporan keuangan ini.                                                                                                   these

                                                                                                                         4

Page 389
tatements included herein are in the Indonesian language.                                             The original financial statements included herein
                                                                                                                       are in the Indonesian language.
DO ADIPERKASA Tbk
OF CHANGES IN EQUITY PT HEXINDO ADIPERKASA Tbk                                                      PT HEXINDO ADIPERKASA Tbk
r Ended March 31, 2026          LAPORAN ARUS KAS                                                    STATEMENT OF CASH FLOWS
 in United States Dollar, Untuk Tahun yang Berakhir pada                                                 For the Year Ended
  Otherwise Stated)             Tanggal 31 Maret 2026                                                       March 31, 2026
                       (Disajikan dalam Dolar Amerika Serikat,                                    (Expressed in United States Dollar,
                               Kecuali Dinyatakan Lain)                                                Unless Otherwise Stated)


                                                            Tahun yang berakhir pada tanggal 31 Maret/
                                                                     Year ended March 31,
                                                                              Catatan/
/
e
                                                                2026           Notes              2025
        Total Ekuitas/
                   ARUS KAS DARI
         Total Equity                                                                                                             CASH FLOWS FROM
                AKTIVITAS OPERASI                                                                                            OPERATING ACTIVITIES
74       179.184.538
                Penerimaan dari Balance, April 1, 2024
                                 pelanggan                    559.832.767                       482.988.177                    Receipts from customers
                Pembayaran kepada pemasok                    (383.908.610)                     (378.041.976)                      Payments to suppliers
    -    (38.998.315)                  Cash dividends
                Pembayaran untuk:                                                                                                         Payments for:
    -              Gaji,
          31.061.735     upah dan kesejahteraan
                                     Profit for the year                                                                 Salaries, wages and benefits
                      karyawan                                (33.762.995)                       (33.690.271)                        of employees
32)                Beban   usaha
            (186.952) Other comprehensive income (loss)       (31.200.512)                       (31.366.497)                     Operating expenses

42              Kas neto yangBalance,
         171.061.006          diperoleh dari 31, 2025
                                      March                                                                                    Net cash generated from
                    operasi                                   110.960.650                        39.889.433                                 operations
    -            Penerimaan dari penghasilan
          (21.743.400)                         bunga
                                        Cash dividends            242.661       29                  200.956                   Receipt of interest income
                 Pembayaran pajak penghasilan                  (9.117.722)                       (9.114.837)                  Payment of income taxes
    -      15.983.119
                 Pembayaran untuk Profit for the year                                                                                        Payment of
                    kegiatan usaha lainnya                      1.359.302                         (7.389.799)                other operating activities
03)         (300.605)          Other comprehensive loss
                Kas Neto yang Diperoleh dari                                                                                     Net Cash Provided by
39       165.000.120         Balance, March 31, 2026
                  Aktivitas Operasi                           103.444.891                        23.585.753                      Operating Activities

                ARUS KAS DARI                                                                                                    CASH FLOWS FROM
                AKTIVITAS INVESTASI                                                                                          INVESTING ACTIVITIES
                Hasil penjualan aset tetap                        255.809       10                   614.209         Proceeds from sale of fixed assets
                Penerimaan dividen kas                            527.325        9                   363.353              Receipt from cash dividends
                Penerimaan dari pelepasan aset                                                                              Proceeds from disposal of
                  hak-guna                                           7.285                                 -                      right-of-use assets
                Perolehan aset tetap                            (2.965.745)     10                (4.769.009)               Acquisition of fixed assets
                Perolehan aset takberwujud                          (1.244)     12                (1.848.564)           Acquisition of intangible assets

                Kas Neto yang Digunakan untuk                                                                                        Net Cash Used in
                  Aktivitas Investasi                           (2.176.570)                       (5.640.011)                    Investing Activities

                 ARUS KAS DARI                                                                                                  CASH FLOWS FROM
                 AKTIVITAS PENDANAAN                                                                                         FINANCING ACTIVITIES
                 Penerimaan dari utang bank                                                                                  Proceeds from short-term
e financial statements formpendek
                   jangka   an integral part of               144.824.732       36c             344.009.887                               bank loans
financial statements.
                 Pembayaran utang bank                                                                                          Payment of short-term
                   jangka pendek                             (217.588.310)      36c            (312.021.015)                              bank loans
                 Pembayaran dividen kas                       (21.743.400)                      (38.998.315)                Payment of cash dividends
                 Pembayaran beban bunga                        (7.249.039)      30               (7.313.163)              Payment of interest expenses
                 Pembayaran liabilitas sewa                    (2.181.581)      11               (2.688.087)                Payment of lease liabilities

                Kas Neto yang Digunakan untuk                                                                                        Net Cash Used in
                  Aktivitas Pendanaan                        (103.937.598)                       (17.010.693)                    Financing Activities

                KENAIKAN (PENURUNAN)                                                                                 NET INCREASE (DECREASE) IN
                NETO KAS DAN BANK                               (2.669.277)                          935.049         CASH ON HAND AND IN BANKS

                DAMPAK NETO PERUBAHAN                                                                                   NET EFFECT OF CHANGES
                NILAI TUKAR ATAS                                                                                         IN EXCHANGE RATES ON
                KAS DAN BANK                                     (330.070)                          (541.543)        CASH ON HAND AND IN BANKS

                KAS DAN BANK                                                                                         CASH ON HAND AND IN BANKS
                AWAL TAHUN                                     17.802.237                        17.408.731               AT BEGINNING OF YEAR

                KAS DAN BANK                                                                                         CASH ON HAND AND IN BANKS
                AKHIR TAHUN                                    14.802.890        4               17.802.237                     AT END OF YEAR


                Tambahan informasi arus kas disajikan pada Catatan 37.                   Supplementary cash flows information is presented in Note 37.




                    Catatan atas laporan keuangan terlampir merupakan bagian             The accompanying notes to the financial statements form an
                                 integral dari laporan keuangan ini.                             integral part of these financial statements.

                                                                                 5

Page 390
                                                                           The original financial statements included herein
                                                                                            are in the Indonesian language.

           PT HEXINDO ADIPERKASA Tbk                                    PT HEXINDO ADIPERKASA Tbk
       CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Maret 2026 dan untuk                                As of March 31, 2026 and for
     Tahun yang Berakhir pada Tanggal Tersebut                               the Year then Ended
       (Disajikan dalam Dolar Amerika Serikat,                        (Expressed in United States Dollar,
               Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)


1.   UMUM                                                        1. GENERAL

     a.   Pendirian Perusahaan                                     a. Establishment of the Company

          PT Hexindo Adiperkasa Tbk (“Perusahaan”)                    PT Hexindo Adiperkasa Tbk (the “Company”)
          didirikan di Indonesia berdasarkan Akta Notaris             was established in Indonesia based on Deed
          Mohamad Ali, S.H., No. 37 tanggal                           No. 37 dated November 28, 1988 of Mohamad
          28 November 1988. Akta Pendirian ini telah                  Ali, S.H. The Deed of Establishment was
          disahkan oleh Kementerian Kehakiman                         approved by the Ministry of Justice of Republic
          Republik Indonesia dalam Surat Keputusan                    Indonesia in its Decision Letter No. C2-
          No. C2-4389.HT.01.01.TH.89 tanggal 12 Mei                   4389.HT.01.01.TH.89 dated May 12, 1989, and
          1989, serta diumumkan dalam Berita Negara                   was published in Supplement No. 1251 of the
          Republik Indonesia No. 54 Tambahan No. 1251                 State Gazette No. 54 dated July 7, 1989. The
          tanggal 7 Juli 1989. Anggaran Dasar                         Company’s Articles of Association has been
          Perusahaan telah mengalami beberapa kali                    amended several times, the latest amendment
          perubahan, perubahan terakhir dinyatakan                    was notarized through Deed No. 4 dated
          dalam Akta Gatot Widodo, S.E., S.H., M.Kn.,                 September 16, 2025 of Gatot Widodo, S.E., S.H.,
          No. 4 tanggal 16 September 2025, antara lain                M.Kn., among others, concerning the change in
          mengenai       perubahan    susunan      Direksi            the composition of the Company’s Board of
          Perusahaan.       Perubahan    tersebut    telah            Directors. The amendment of the Articles of
          diberitahukan kepada Kementerian Hukum                      Association was acknowledged by the Ministry of
          Republik        Indonesia     dalam       Surat             Law of the Republic of Indonesia in its Letter
          No.       AHU-0223512.AH.01.11          tanggal             No.        AHU-0223512.AH.01.11          dated
          24 September 2025.                                          September 24, 2025.

          Perusahaan memulai operasi komersial pada                   The Company started its commercial operations
          bulan Januari 1989.                                         in January 1989.

          Sesuai dengan Pasal 3 Anggaran Dasar                        According to Article 3 of the Company’s Articles
          Perusahaan, kegiatan usaha Perusahaan                       of Association, its scope of activities mainly
          terutama meliputi perdagangan besar mesin,                  comprises wholesale trade in machinery,
          peralatan dan perlengkapan, alat transportasi               equipment and supplies, land transportation
          darat, jasa penyewaan dan sewa guna usaha                   equipment, rental and leasing services without
          tanpa hak opsi, penyewaan alat konstruksi                   option rights, rental of construction equipment
          dengan operator dan jasa industri. Saat ini,                with operators and industrial services. Presently,
          Perusahaan bertindak selaku distributor alat-               the Company acts as a distributor of certain
          alat berat jenis tertentu dan suku cadang dari              heavy equipment and related spare parts under
          merek “Hitachi” dan “Bell”. Perusahaan                      “Hitachi” and “Bell” trademarks. The Company is
          berkedudukan di Jakarta yang berlokasi di                   domiciled in Jakarta, located in Kawasan Industri
          Kawasan Industri Pulogadung, Jalan Pulo                     Pulogadung, Jalan Pulo Kambing II Kav. I-II
          Kambing II Kav. I-II No. 33, Jakarta 13930.                 No. 33, Jakarta 13930. As of March 31, 2026,
          Pada tanggal 31 Maret 2026, Perusahaan                      the Company has 18 main branches,
          memiliki 18 cabang utama, 18 kantor                         18 representative offices and 15 project offices
          perwakilan dan 15 kantor proyek (tidak diaudit),            (unaudited), while as of March 31, 2025, the
          sedangkan pada tanggal 31 Maret 2025,                       Company        has      19     main     branches,
          Perusahaan memiliki 19 cabang utama,                        14 representative offices and 16 project offices
          14 kantor perwakilan dan 16 kantor proyek                   (unaudited), all of which are located at various
          (tidak diaudit), yang tersebar di seluruh                   places in Indonesia.
          Indonesia.

          Hitachi Construction Machinery Co. Ltd., yang               Hitachi Construction Machinery Co. Ltd.,
          didirikan di Jepang, adalah entitas induk                   incorporated in Japan, is the parent entity of the
          Perusahaan.                                                 Company.




                                                             6

Page 391
                                                                           The original financial statements included herein
                                                                                            are in the Indonesian language.

           PT HEXINDO ADIPERKASA Tbk                                    PT HEXINDO ADIPERKASA Tbk
       CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Maret 2026 dan untuk                                As of March 31, 2026 and for
     Tahun yang Berakhir pada Tanggal Tersebut                               the Year then Ended
       (Disajikan dalam Dolar Amerika Serikat,                        (Expressed in United States Dollar,
               Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)


1.   UMUM (lanjutan)                                         1. GENERAL (continued)

     b.   Penawaran Umum Saham Perusahaan                          b. Company’s Initial Public Offering

          Berikut  adalah   perubahan  permodalan                     The following are the changes of the Company’s
          Perusahaan sejak penawaran umum perdana                     capital structure since the initial public offering of
          saham Perusahaan:                                           the Company’s shares:

                                                        Tahun/
               Kebijakan/Tindakan Perusahaan                                     Policy/Corporate Actions
                                                         Year
           Penawaran       umum    perdana    kepada        1994        Initial public offering of 10,000,000 shares
           masyarakat sejumlah 10.000.000 saham                         (with Rp1,000 par value per share) at an offer
           (nilai nominal sebesar Rp1.000 per saham)                    price of Rp2,800 per share.
           dengan harga penawaran sebesar Rp2.800
           per saham.

           Penawaran umum terbatas pertama kepada           1998        First    limited    public    offering   of
           para pemegang saham dalam rangka                             42,000,000 shares (with Rp1,000 par value
           penerbitan hak memesan efek terlebih                         per share) to shareholders with pre-emptive
           dahulu sejumlah 42.000.000 saham (nilai                      rights at an offering price of Rp1,000 per
           nominal sebesar Rp1.000 per saham)                           share.
           dengan harga penawaran sebesar Rp1.000
           per saham.

           Perubahan nilai nominal saham dari sebesar       2000        Change in par value from Rp1,000 per share
           Rp1.000 per saham menjadi sebesar Rp500                      to Rp500 per share, increasing the number of
           per saham, yang mengakibatkan kenaikan                       shares outstanding to 168,000,000 shares.
           jumlah saham yang beredar menjadi
           168.000.000 saham.

           Perubahan nilai nominal saham dari sebesar       2004        Change in par value from Rp500 per share to
           Rp500 per saham menjadi sebesar Rp100                        Rp100 per share, increasing the number of
           per saham, yang mengakibatkan kenaikan                       shares outstanding to 840,000,000 shares.
           jumlah saham yang beredar menjadi
           840.000.000 saham.

          Seluruh saham Perusahaan telah tercatat di                  All of the Company’s shares are listed on the
          Bursa Efek Indonesia.                                       Indonesia Stock Exchange.

     c.   Dewan Komisaris dan Direksi, Komite Audit                c. The Boards of Commissioners and Directors,
          dan Karyawan                                                Audit Committee and Employees

          Susunan Dewan Komisaris dan Direksi                         The composition of the Company’s Boards of
          Perusahaan pada tanggal 31 Maret 2026                       Commissioners      and     Directors as of
          adalah sebagai berikut:                                     March 31, 2026 is as follows:

          Dewan Komisaris:                                                                    Board of Commissioners:
          Komisaris Utama                                                                      President Commissioner
            (Komisaris Independen)             Toto Wahyudiyanto                        (Independent Commissioner)
          Komisaris Independen                    Harry Danui                               Independent Commissioner

          Direksi:                                                                                             Directors:
          Direktur Utama                          Dwi Swasono                                          President Director
          Direktur                              Yasumasa Zaizen                                                  Director
          Direktur                             Nobuyasu Hagiwara                                                 Director
          Direktur                               Teru Karahashi                                                  Director
          Direktur                                 Yoshendri                                                     Director
          Direktur                               Akihiro Yoshida                                                 Director
          Direktur                                Hiroki Majima                                                  Director
          Direktur                                Ryoji Tanaka                                                   Director

                                                        7

Page 392
                                                                             The original financial statements included herein
                                                                                              are in the Indonesian language.

           PT HEXINDO ADIPERKASA Tbk                                   PT HEXINDO ADIPERKASA Tbk
       CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Maret 2026 dan untuk                               As of March 31, 2026 and for
     Tahun yang Berakhir pada Tanggal Tersebut                              the Year then Ended
       (Disajikan dalam Dolar Amerika Serikat,                       (Expressed in United States Dollar,
               Kecuali Dinyatakan Lain)                                   Unless Otherwise Stated)


1.   UMUM (lanjutan)                                           1. GENERAL (continued)

     c.   Dewan Komisaris dan Direksi, Komite Audit               c. The Boards of Commissioners and Directors,
          dan Karyawan (lanjutan)                                    Audit Committee and Employees (continued)

          Susunan Dewan Komisaris dan Direksi                            The composition of the Company’s Boards of
          Perusahaan pada tanggal 31 Maret 2025                          Commissioners      and     Directors as of
          adalah sebagai berikut:                                        March 31, 2025 is as follows:

          Dewan Komisaris:                                                                     Board of Commissioners:
          Komisaris Utama                                                                       President Commissioner
            (Komisaris Independen)               Toto Wahyudiyanto                       (Independent Commissioner)
          Komisaris Independen                      Harry Danui                              Independent Commissioner

          Direksi:                                                                                               Directors:
          Direktur Utama                         Djonggi TP. Gultom                                      President Director
          Direktur                                Yasumasa Zaizen                                                  Director
          Direktur                               Nobuyasu Hagiwara                                                 Director
          Direktur                                 Teru Karahashi                                                  Director
          Direktur                                  Dwi Swasono                                                    Director
          Direktur                                   Yoshendri                                                     Director
          Direktur                                 Akihiro Yoshida                                                 Director
          Direktur                                  Hiroki Majima                                                  Director
          Direktur                                  Ryoji Tanaka                                                   Director

          Susunan Komite Audit, Sekretaris dan Ketua                     The composition of the Company’s Audit
          Internal Audit Perusahaan pada tanggal                         Committee, Secretary and Head of Internal Audit
          31 Maret 2026 dan 2025 adalah sebagai                          as of March 31, 2026 and 2025 is as follows:
          berikut:

          Ketua                                     Harry Danui                                                   Chairman
          Anggota                               Bambang Dewandaru                                                  Member
          Anggota                                 Junarto Tjahjadi                                                 Member

          Sekretaris Perusahaan                 Listiana A. Kurniawati                               Corporate Secretary
          Ketua Audit Internal                  Muhammad Thamrin                                    Head of Internal Audit

          Pembentukan Komite Audit Perusahaan telah                   The establishment of the Company’s Audit
          sesuai dengan Peraturan Otoritas Jasa                       Committee has complied with Financial Services
          Keuangan (“OJK”) No. 55 tahun 2015.                         Authority (“Otoritas Jasa Keuangan” or “OJK”)
                                                                      Rule No. 55 year 2015.

          Manajemen kunci Perusahaan mencakup                         Key management of the Company includes the
          Direksi dan Dewan Komisaris. Total beban                    Boards of Directors and Commissioners. Total
          kompensasi      bagi     manajemen   kunci                  compensation     expenses  for   the    key
          Perusahaan untuk tahun yang berakhir pada                   management of the Company for the years
          tanggal-tanggal 31 Maret 2026 dan 2025                      ended March 31, 2026 and 2025 are described
          dijelaskan pada Catatan 6.                                  in Note 6.

          Pada tanggal 31 Maret 2026 dan 2025,                        As of March 31, 2026 and 2025, the Company
          Perusahaan memiliki 1.890 dan 1.874 orang                   has 1,890 and 1,874 permanent employees,
          karyawan tetap (tidak diaudit).                             respectively (unaudited).

     d.   Penyelesaian Laporan Keuangan                           d. Completion of Financial Statements

          Manajemen Perusahaan bertanggung jawab                      The management of the Company is responsible
          atas penyusunan laporan keuangan yang                       for the preparation of these financial statements
          diselesaikan dan diotorisasi untuk terbit oleh              which were completed and authorized for
          Direksi pada tanggal 30 Juni 2026.                          issuance by the Directors on June 30, 2026.



                                                           8

Page 393
                                                                       The original financial statements included herein
                                                                                        are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                  PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                              NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                              As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                             the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                      (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                  Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                    2. SUMMARY     OF  MATERIAL              ACCOUNTING
   MATERIAL                                                     POLICIES INFORMATION

  a. Dasar Penyajian Laporan Keuangan                          a. Basis of Presentation of the Financial
                                                                  Statements

      Laporan keuangan telah disusun sesuai dengan                The financial statements have been prepared in
      Standar Akuntansi Keuangan (“SAK”) di                       accordance        with    Indonesian    Financial
      Indonesia, yang mencakup Pernyataan Standar                 Accounting Standards (“SAK”), which comprise
      Akuntansi Keuangan (“PSAK”) dan Interpretasi                the Statements of Financial Accounting
      Standar Akuntansi Keuangan (“ISAK”) yang                    Standards (“PSAK”) and Interpretations of
      dikeluarkan oleh Dewan Standar Akuntansi                    Financial Accounting Standards (“ISAK”) issued
      Keuangan Ikatan Akuntan Indonesia (“DSAK                    by the Financial Accounting Standards Board of
      IAI”) dan Peraturan-Peraturan serta Pedoman                 the Institute of Indonesia Chartered Accountants
      Penyajian    dan    Pengungkapan     Laporan                (“Dewan Standar Akuntansi Keuangan Ikatan
      Keuangan yang diterbitkan oleh Otoritas Jasa                Akuntan Indonesia” or “DSAK IAI”) and the
      Keuangan (“OJK”).                                           Regulations and Guidelines on Financial
                                                                  Statement Presentation and Disclosures issued
                                                                  by Financial Services Authority (“Otoritas Jasa
                                                                  Keuangan” or “OJK”).

      Laporan keuangan disusun berdasarkan konsep                 The financial statements have been prepared on
      akrual, kecuali laporan arus kas, dengan                    the accrual basis, except for the statement of
      menggunakan konsep biaya historis, kecuali                  cash flows, using the historical cost concept of
      seperti yang disebutkan dalam Catatan atas                  accounting, except as disclosed in the relevant
      laporan keuangan yang relevan.                              Notes to the financial statements herein.

      Laporan arus kas menyajikan informasi                       The statement of cash flows presents the
      penerimaan dan pengeluaran kas dan bank yang                receipts and payments of cash on hand and in
      dikelompokkan dalam aktivitas operasi, investasi            banks classified into operating, investing and
      dan pendanaan, dengan arus kas dari aktivitas               financing activities, with cash flows from
      operasi   disajikan  menggunakan         metode             operating activities presented using the direct
      langsung.                                                   method.

      Perusahaan telah menyusun laporan keuangan                  The Company has prepared the financial
      dengan dasar bahwa Perusahaan akan terus                    statements on the basis that it will continue to
      beroperasi secara berkesinambungan.                         operate as a going concern.

      Tahun buku Perusahaan adalah 1 April sampai                 The financial reporting period of the Company is
      dengan 31 Maret.                                            April 1 to March 31.

      Mata uang pelaporan yang digunakan dalam                    The reporting currency used in the financial
      laporan keuangan adalah Dolar Amerika Serikat               statements is the United States (“US”) Dollar
      (“AS”) yang merupakan mata uang fungsional                  which is the functional currency of the Company.
      Perusahaan.




                                                         9

Page 394
                                                                         The original financial statements included herein
                                                                                          are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                    PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                               the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                        (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                     2. SUMMARY     OF  MATERIAL      ACCOUNTING
   MATERIAL (lanjutan)                                           POLICIES INFORMATION (continued)

  a. Dasar     Penyajian      Laporan      Keuangan              a. Basis of Presentation           of   the   Financial
     (lanjutan)                                                     Statements (continued)

      Perubahan Kebijakan Akuntansi                                 Changes in Accounting Principles

      Perusahaan menerapkan pertama kali seluruh                    The Company made first time adoption of all the
      standar baru dan/atau yang direvisi yang berlaku              new and/or revised standards effective for the
      efektif untuk periode yang dimulai pada atau                  periods beginning on or after January 1, 2025,
      setelah 1 Januari 2025, termasuk standar yang                 including the following revised standards that
      direvisi berikut ini yang memengaruhi laporan                 have affected the financial statements of the
      keuangan Perusahaan:                                          Company:

      Amendemen PSAK No. 221, ”Kekurangan                           Amendment of PSAK No. 221,                  “Lack of
      Ketertukaran”                                                 Exchangeability”

      Amandemen tersebut menetapkan bagaimana                       The amendment specifies how an entity should
      entitas harus menilai apakah suatu mata uang                  assess whether a currency is exchangeable and
      dapat dipertukarkan serta bagaimana entitas                   how it should determine a spot exchange rate
      harus menentukan kurs spot ketika ketertukaran                when      exchangeability    is    lacking.    The
      (exchangeability) tidak tersedia. Amandemen                   amendments also require disclosure of
      tersebut juga mensyaratkan pengungkapan                       information that enables users of its financial
      informasi yang memungkinkan pengguna                          statements to understand how the currency not
      laporan keuangan untuk memahami bagaimana                     being exchangeable into the other currency
      ketidakmampuan mata uang tersebut untuk                       affects, or is expected to affect, the entity’s
      dipertukarkan dengan mata uang lainnya                        financial performance, financial position and cash
      memengaruhi,       atau    diharapkan     akan                flows.
      memengaruhi,      kinerja  keuangan,     posisi
      keuangan, dan arus kas entitas.

      Amandemen ini tidak berdampak terhadap                        This amendment did not have any impact on the
      laporan keuangan Perusahaan.                                  Company’s financial statements.

  b. Transaksi dengan Pihak Berelasi                             b. Transactions with Related Parties

      Perusahaan melakukan transaksi dengan pihak                   The Company has transactions with related
      berelasi sesuai dengan definisi yang diuraikan                parties as defined in PSAK No. 224, “Related
      pada PSAK No. 224, “Pengungkapan Pihak-                       Party Disclosures”.
      pihak Berelasi”.

      Transaksi ini dilakukan berdasarkan persyaratan               The transactions are made based on terms
      yang disetujui oleh kedua belah pihak, yang                   agreed by the parties, which may not be the same
      mungkin tidak sama dengan transaksi lain yang                 as those made with unrelated parties.
      dilakukan dengan pihak-pihak yang tidak
      berelasi.

      Transaksi dan saldo yang material dengan pihak                Significant transactions and balances with related
      berelasi diungkapkan dalam Catatan 6.                         parties are disclosed in Note 6.

      Kecuali diungkapkan khusus sebagai pihak                      Unless specifically identified as related parties,
      berelasi, maka pihak-pihak lain yang disebutkan               the parties disclosed in the Notes to the financial
      dalam Catatan atas laporan keuangan                           statements are unrelated parties.
      merupakan pihak tidak berelasi.




                                                         10

Page 395
                                                                            The original financial statements included herein
                                                                                             are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                       PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                   As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                  the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                           (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2. SUMMARY     OF  MATERIAL      ACCOUNTING
   MATERIAL (lanjutan)                                              POLICIES INFORMATION (continued)

  c. Pengukuran Nilai Wajar                                        c. Fair Value Measurement

      Perusahaan mengukur jumlah terpulihkan dari                      The Company measures certain recoverable
      unit penghasil kas (“UPK”) tertentu berdasarkan                  amounts of the cash generating unit (“CGU”)
      nilai wajar dikurangi biaya pelepasan, dan aset                  using fair value less cost of disposal (“FVLCD”)
      keuangan tertentu pada nilai wajar melalui                       and certain financial assets at fair value through
      penghasilan komprehensif lain (“NWPKL”).                         other comprehensive income (“FVOCI”).

      Nilai wajar adalah harga yang akan diterima dari                 Fair value is the price that would be received to
      menjual suatu aset atau harga yang akan                          sell an asset or paid to transfer a liability in an
      dibayar untuk mengalihkan suatu liabilitas dalam                 orderly transaction between market participants
      transaksi teratur antara pelaku pasar pada                       at the measurement date. The fair value
      tanggal pengukuran. Pengukuran nilai wajar                       measurement is based on the presumption that
      mengasumsikan bahwa transaksi untuk menjual                      the transaction to sell the asset or transfer the
      aset atau mengalihkan liabilitas terjadi:                        liability takes place either:
      i) Di pasar utama untuk aset atau liabilitas                     i) In the principal market for the asset or liability,
          tersebut, atau                                                    or
      ii) Jika tidak terdapat pasar utama, di pasar                    ii) In the absence of a principal market, in the
          yang paling menguntungkan untuk aset atau                         most advantageous market for the asset or
          liabilitas tersebut.                                              liability.

      Pasar utama atau pasar yang paling                               The principal or the most advantageous market
      menguntungkan tersebut harus dapat diakses                       must be accessible by the Company.
      oleh Perusahaan.

      Nilai wajar dari aset atau liabilitas diukur dengan              The fair value of an asset or a liability is measured
      menggunakan asumsi yang akan digunakan                           using the assumptions that market participants
      pelaku pasar ketika menentukan harga aset atau                   would use when pricing the asset or liability,
      liabilitas tersebut, dengan asumsi bahwa pelaku                  assuming that market participants act in their
      pasar bertindak dalam kepentingan ekonomi                        economic best interest.
      terbaiknya.

      Pengukuran nilai wajar dari suatu aset                           A fair value measurement of a non-financial asset
      nonkeuangan memperhitungkan kemampuan                            takes into account a market participant's ability to
      pelaku pasar untuk menghasilkan manfaat                          generate economic benefits by using the asset in
      ekonomik dengan menggunakan aset dalam                           its highest and best use or by selling it to another
      penggunaan tertinggi dan terbaiknya atau                         market participant that would use the asset in its
      dengan menjualnya kepada pelaku pasar lain                       highest and best use.
      yang akan menggunakan aset tersebut pada
      penggunaan tertinggi dan terbaiknya.

      Perusahaan menggunakan teknik penilaian yang                     The Company uses valuation techniques that are
      sesuai dengan keadaan dan data yang memadai                      appropriate in the circumstances and for which
      tersedia untuk mengukur nilai wajar, dengan                      sufficient data are available to measure fair value,
      memaksimalkan masukan yang dapat diamati                         maximizing the use of relevant observable inputs
      (observable    input)   yang   relevan   dan                     and minimizing the use of unobservable inputs.
      meminimalkan masukan yang tidak dapat
      diamati (unobservable input).




                                                            11

Page 396
                                                                            The original financial statements included herein
                                                                                             are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                     PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                 As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                         (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2. SUMMARY     OF  MATERIAL     ACCOUNTING
   MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

  c. Pengukuran Nilai Wajar (lanjutan)                            c. Fair Value Measurement (continued)

      Semua aset dan liabilitas yang nilai wajarnya                  All assets and liabilities for which fair value is
      diukur atau diungkapkan dalam laporan                          measured or disclosed in the financial
      keuangan dikategorikan dalam hierarki nilai                    statements are categorized within the fair value
      wajar berdasarkan level masukan (input) paling                 hierarchy, described as follows, based on the
      rendah yang signifikan terhadap pengukuran                     lowest level input that is significant to the fair
      nilai wajar secara keseluruhan sebagai berikut:                value measurement as a whole:
      i) Level 1 - Harga kuotasian (tanpa                            i) Level 1 - Quoted (unadjusted) market prices
           penyesuaian) di pasar aktif untuk aset atau                   in active markets for identical assets or
           liabilitas yang identik yang dapat diakses                    liabilities.
           entitas pada tanggal pengukuran.
      ii) Level 2 - Teknik penilaian yang                            ii)   Level 2 - Valuation techniques for which the
           menggunakan tingkat masukan (input) yang                        lowest level input that is significant to the fair
           paling rendah yang signifikan terhadap                          value measurement is directly or indirectly
           pengukuran nilai wajar yang dapat diamati                       observable.
           (observable) baik secara langsung atau tidak
           langsung.
      iii) Level 3 - Teknik penilaian yang                           iii) Level 3 - Valuation techniques for which the
           menggunakan tingkat masukan (input) yang                       lowest level input that is significant to the fair
           paling rendah yang signifikan terhadap                         value measurement is unobservable.
           pengukuran nilai wajar yang tidak dapat
           diamati (unobservable).

      Untuk aset dan liabilitas yang diakui pada                     For assets and liabilities that are recognized in
      laporan keuangan secara berulang, Perusahaan                   the financial statements on a recurring basis, the
      menentukan apakah terdapat perpindahan                         Company determines whether transfers have
      antara level dalam hierarki dengan melakukan                   occurred between levels in the hierarchy by
      evaluasi ulang atas penetapan kategori                         re-assessing categorization (based on the lowest
      (berdasarkan level masukan (input) paling                      level input that is significant to the fair value
      rendah yang signifikan terhadap pengukuran                     measurement as a whole) at the end of each
      nilai wajar secara keseluruhan) pada tiap akhir                reporting period.
      periode pelaporan.

      Tim     pelaporan     keuangan     Perusahaan                  The Company’s financial reporting team is in
      bertanggung-jawab atas penilaian dalam                         charge of valuation to determine the policies and
      menentukan kebijakan dan prosedur untuk                        procedures for recurring fair value measurement,
      pengukuran nilai wajar berulang, seperti nilai                 such as fair value (less costs of disposal) of the
      wajar (dikurangi biaya untuk menjual) dari UPK                 CGU (for impairment test purpose) and financial
      (untuk uji penurunan nilai) dan aset keuangan                  assets at FVOCI.
      pada NWPKL.

      Untuk tujuan pengungkapan nilai wajar,                         For the purpose of fair value disclosures,
      Perusahaan menentukan klasifikasi aset dan                     the Company has determined classes of assets
      liabilitas berdasarkan sifat, karakteristik dan                and liabilities on the basis of the nature,
      risikonya dan level pada hierarki nilai wajar                  characteristics and risks of the asset or liability
      sebagaimana dijelaskan di atas.                                and the level of the fair value hierarchy as
                                                                     explained above.




                                                          12

Page 397
                                                                          The original financial statements included herein
                                                                                           are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                    PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                               the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                        (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                     2. SUMMARY     OF  MATERIAL      ACCOUNTING
   MATERIAL (lanjutan)                                           POLICIES INFORMATION (continued)

  d. Persediaan - Neto                                           d. Inventories - Net

      Persediaan dinyatakan berdasarkan nilai yang                   Inventories are stated at the lower of cost or net
      lebih rendah antara biaya perolehan atau nilai                 realizable value.
      realisasi neto.

      Biaya perolehan persediaan alat berat                          The cost of heavy equipment inventories is
      ditentukan dengan metode identifikasi khusus,                  determined by the specific identification method,
      sedangkan biaya perolehan suku cadang                          while the cost of spare parts is determined using
      ditentukan dengan metode rata-rata.                            the average method.

      Nilai realisasi neto adalah estimasi harga jual                Net realizable value is the estimated selling price
      dalam kegiatan usaha biasa dikurangi estimasi                  in the ordinary course of business less estimated
      biaya penyelesaian dan estimasi biaya yang                     costs of completion and the estimated costs
      diperlukan untuk melakukan penjualan.                          necessary to make the sale.

      Penyisihan penurunan nilai pasar ditentukan                    Allowance for decline in market value of
      berdasarkan hasil penelahaan persediaan                        inventories is provided based on a review of the
      terhadap keadaan persediaan pada tanggal                       condition of the inventories at reporting date.
      pelaporan.

  e. Aset Tetap - Neto                                           e. Fixed Assets - Net

      Aset tetap pada awalnya diakui sebesar biaya                   All fixed assets are initially recognized at cost,
      perolehan, yang terdiri atas harga perolehan dan               which comprises its purchase price and any
      biaya-biaya tambahan yang dapat diatribusikan                  costs directly attributable in bringing the asset to
      langsung untuk membawa aset ke lokasi dan                      its working condition and to the location where it
      kondisi yang diinginkan agar aset siap                         is intended to be used.
      digunakan.

      Setelah pengakuan awal, aset ini dinyatakan                    Subsequent to initial recognition, these assets
      pada biaya perolehan dikurangi akumulasi                       are carried at cost less any subsequent
      penyusutan (kecuali tanah yang tidak                           accumulated depreciation (except for land that is
      disusutkan) dan kerugian penurunan nilai.                      not depreciated) and impairment losses.

      Penyusutan aset dimulai pada saat aset tersebut                Depreciation of an asset starts when it is
      siap     untuk digunakan     sesuai    maksud                  available for its intended use and is computed
      penggunaannya      dan     dihitung     dengan                 using the straight-line method based on the
      menggunakan metode garis lurus berdasarkan                     estimated useful life of the asset as follows:
      estimasi umur manfaat ekonomis sebagai
      berikut:

                                                   Tahun/        Tarif/
                                                   Years         Rate

      Bangunan                                           20        5%                                        Buildings
      Mesin                                          5 - 10 10% - 20%                                       Machinery
      Kendaraan, peralatan kantor dan                                                  Vehicles, office equipment and
        perabotan kantor                              3 - 5 20% - 33%                         furniture and fixtures
      Peralatan pelayanan purna jual                      2       50%                   Tools for after-sales services
      Alat berat yang disewakan                      5 - 10 10% - 20%                       Heavy equipment - rental

      Jumlah tercatat aset ini direviu atas penurunan                The carrying amounts of these assets are
      nilai jika terdapat peristiwa atau perubahan                   reviewed for impairment when events or
      keadaan yang mengindikasikan bahwa jumlah                      changes in circumstances indicate that their
      tercatat mungkin tidak dapat seluruhnya                        carrying values may not be fully recoverable.
      terealisasi.



                                                         13

Page 398
                                                                           The original financial statements included herein
                                                                                            are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                    PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                               the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                        (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                     2. SUMMARY     OF  MATERIAL     ACCOUNTING
   MATERIAL (lanjutan)                                           POLICIES INFORMATION (continued)

  e. Aset Tetap - Neto (lanjutan)                                e.   Fixed Assets - Net (continued)

      Jumlah tercatat komponen dari suatu aset                        The carrying amount of an item of these assets
      dihentikan pengakuannya pada saat dilepaskan                    is derecognized upon disposal or when no future
      atau saat sudah tidak ada lagi manfaat ekonomi                  economic benefits are expected from its use or
      masa depan yang diharapkan dari penggunaan                      disposal. Any gain or loss arising from the
      maupun pelepasannya. Keuntungan atau                            derecognition of the asset (calculated as the
      kerugian yang timbul dari penghentian                           difference between the net disposal proceeds
      pengakuan tersebut (ditentukan sebesar selisih                  and the carrying amount of the asset) is directly
      antara jumlah hasil pelepasan neto dan jumlah                   included in the profit or loss of year the item is
      tercatatnya) dimasukkan ke dalam laba rugi                      derecognized.
      pada tahun penghentian pengakuan tersebut
      dilakukan.

      Nilai residu, umur manfaat dan metode                           The residual values, useful lives and
      penyusutan aset tetap dievaluasi setiap akhir                   depreciation method of fixed assets are reviewed
      tahun pelaporan dan disesuaikan secara                          at the end of each reporting year and adjusted
      prospektif jika dipandang perlu.                                prospectively, if necessary.

      Aset tetap dalam pembangunan dicatat sebesar                    Constructions in-progress are stated at cost,
      biaya perolehan, yang mencakup kapitalisasi                     including capitalized borrowing costs and other
      beban pinjaman dan biaya-biaya lainnya yang                     charges incurred in connection with the financing
      terjadi sehubungan dengan pendanaan aset                        of the said asset constructions. The accumulated
      tetap dalam penyelesaian tersebut. Akumulasi                    costs will be reclassified to the appropriate
      biaya perolehan akan direklasifikasi ke akun                    “Fixed Assets” account when the construction is
      “Aset Tetap” yang bersangkutan pada saat aset                   completed. Assets under construction are not
      tetap tersebut telah selesai dikerjakan dan siap                depreciated until they fulfill criteria for recognition
      untuk digunakan. Aset tetap dalam penyelesaian                  as fixed assets as disclosed above.
      tidak disusutkan sampai memenuhi syarat
      pengakuan sebagai aset tetap seperti
      diungkapkan di atas.

      Beban pemeliharaan dan perbaikan dibebankan                     Repairs and maintenance expenses are taken to
      pada laba rugi pada saat terjadinya. Beban                      the profit or loss when they are incurred. The cost
      pemugaran dan penambahan dalam jumlah                           of major renovation and restoration is included in
      besar dikapitalisasi kepada jumlah tercatat aset                the carrying amount of the related asset when it
      terkait bila besar kemungkinan bagi Perusahaan                  is probable that future economic benefits in
      manfaat ekonomi masa depan menjadi lebih                        excess of the originally assessed standard of
      besar dari standar kinerja awal yang ditetapkan                 performance of the existing asset will flow to the
      sebelumnya dan disusutkan sepanjang sisa                        Company and is depreciated over the remaining
      masa manfaat aset terkait.                                      useful life of the related asset.

      Tanah termasuk biaya pengurusan legal hak                       Land, including legal cost of land rights in the
      atas tanah dalam bentuk Hak Guna Usaha                          form of Right to Cultivate (“Hak Guna Usaha” or
      (“HGU”), Hak Guna Bangunan (“HGB”) dan Hak                      “HGU”), Right to Build (“Hak Guna Bangunan” or
      Pakai (“HP”) ketika tanah diperoleh pertama kali                “HGB”) and Right to Use (“Hak Pakai” or “HP”)
      dinyatakan sebesar biaya perolehan dan tidak                    when the land rights were acquired initially, is
      diamortisasi karena manajemen berpendapat                       stated at cost and not amortized as the
      bahwa kemungkinan besar hak atas tanah                          management is of the opinion that it is probable
      tersebut dapat diperbaharui/diperpanjang pada                   the titles of land rights can be renewed/extended
      saat masa berlakunya selesai.                                   upon expiration.




                                                         14

Page 399
                                                                              The original financial statements included herein
                                                                                               are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                      PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                  As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                 the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                          (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                       2. SUMMARY     OF  MATERIAL     ACCOUNTING
   MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

  f.   Aset Takberwujud - Neto                                     f.   Intangible Assets - Net

       Aset takberwujud yang diperoleh secara terpisah                  Intangible assets acquired separately are
       diukur pada pengakuan awal sebesar biaya                         measured on initial recognition at cost.
       perolehan. Setelah pengakuan awal, aset                          Subsequent to initial recognition, intangible
       takberwujud dinyatakan pada biaya perolehan                      assets are carried at cost less accumulated
       dikurangi dengan akumulasi amortisasi dan                        amortization and accumulated impairment
       akumulasi rugi penurunan nilai, jika ada.                        losses, if any.

       Aset takberwujud adalah berupa perangkat                         Intangible assets comprising software and
       lunak dan perizinan termasuk seluruh biaya                       license, include all direct costs related to
       langsung terkait persiapan untuk tujuan                          preparation of the assets for their intended use.
       penggunaan. Aset takberwujud diamortisasi                        Intangible assets are amortized using straight-
       dengan menggunakan metode garis lurus                            line method based on the estimated useful life of
       (straight-line method) berdasarkan estimasi                      the asset as follows:
       umur manfaat ekonomis sebagai berikut:

                                                    Tahun/         Tarif/
                                                    Years          Rate

       Piranti lunak                                        5           20%                                         Software
       Perizinan                                           20            5%                                          License

       Aset takberwujud dihentikan pengakuannya                         An intangible asset is derecognized upon
       pada saat pelepasan (yaitu, pada tanggal                         disposal (i.e., at the date the recipient obtains
       penerima memperoleh kendali) atau ketika tidak                   control) or when no future economic benefits are
       ada manfaat ekonomi masa depan yang                              expected from its use or disposal. Any gain or
       diharapkan     dari    penggunaan         atau                   loss arising upon derecognition of the asset
       pelepasannya. Keuntungan atau kerugian yang                      (calculated as the difference between the net
       timbul dari penghentian pengakuan aset                           disposal proceeds and the carrying amount of the
       (dihitung sebagai perbedaan antara hasil                         asset) is included in the statement of profit or
       pelepasan neto dan jumlah tercatat aset)                         loss.
       dimasukkan dalam laporan laba rugi.

       Pada setiap akhir periode pelaporan, umur                        At each reporting date, the useful lives and
       manfaat dan metode amortisasi dikaji oleh                        amortization method are reviewed by the
       manajemen Perusahaan, dan jika diperlukan                        management of the Company, and if appropriate
       akan disesuaikan secara prospektif.                              will be adjusted prospectively.

  g. Penurunan Nilai Aset Non-keuangan                             g. Impairment of Non-financial Assets

       Pada     setiap    akhir   periode    pelaporan,                 The Company assesses at the end of each
       Perusahaan menilai apakah terdapat indikasi                      reporting period whether there is an indication
       suatu aset mengalami penurunan nilai. Jika                       that an asset may be impaired. If any such
       terdapat indikasi tersebut atau pada saat                        indication exists, or when impairment testing for
       pengujian penurunan nilai aset diperlukan, maka                  an asset is required, the Company makes an
       Perusahaan membuat estimasi formal jumlah                        estimate of the asset’s recoverable amount.
       terpulihkan aset tersebut.




                                                          15

Page 400
                                                                             The original financial statements included herein
                                                                                              are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                        PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                    As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                   the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                            (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                         2. SUMMARY     OF  MATERIAL     ACCOUNTING
   MATERIAL (lanjutan)                                               POLICIES INFORMATION (continued)

  g. Penurunan        Nilai    Aset      Non-keuangan                g. Impairment       of     Non-financial        Assets
     (lanjutan)                                                         (continued)

      Jumlah terpulihkan yang ditentukan untuk aset                     An asset’s recoverable amount is the higher of
      individual adalah jumlah yang lebih tinggi antara                 the asset or its CGU’s fair value less costs to sell
      nilai wajar aset atau UPK dikurangi biaya untuk                   and its value-in-use (“VIU”), and is determined for
      menjual dengan nilai pakainya, kecuali aset                       an individual asset, unless the asset does not
      tersebut tidak menghasilkan arus kas masuk                        generate cash inflows that are largely
      yang sebagian besar independen dari aset atau                     independent of those from other assets or groups
      kelompok aset lain. Jika nilai tercatat aset atau                 of assets. Where the carrying amount of an asset
      UPK lebih besar daripada jumlah terpulihkannya,                   or CGU exceeds its recoverable amount, the
      maka aset tersebut dipertimbangkan mengalami                      asset is considered impaired and is written down
      penurunan nilai dan nilai tercatat aset diturunkan                to its recoverable amount.
      menjadi sebesar jumlah terpulihkannya.

      Dalam menghitung nilai pakai, estimasi arus kas                   In assessing the VIU, the estimated net future
      masa depan neto didiskontokan ke nilai kini                       cash flows are discounted to their present value
      dengan menggunakan tingkat diskonto sebelum                       using a pre-tax discount rate that reflects current
      pajak yang menggambarkan penilaian pasar kini                     market assessments of the time value of money
      dari nilai waktu uang dan risiko spesifik atas aset.              and the risks specific to the asset. In determining
      Dalam menentukan nilai wajar dikurangi biaya                      fair value less costs to sell, recent market
      untuk menjual, digunakan harga penawaran                          transactions are taken into account, if available.
      pasar terakhir, jika tersedia. Jika tidak terdapat                If no such transactions can be identified, an
      transaksi tersebut, Perusahaan menggunakan                        appropriate valuation model is used to determine
      model penilaian yang sesuai untuk menentukan                      the fair value of the assets. These calculations
      nilai wajar aset. Perhitungan-perhitungan ini                     are corroborated by valuation multiples or other
      dikuatkan oleh penilaian berganda atau indikator                  available fair value indicators.
      nilai wajar yang tersedia.

      Kerugian penurunan nilai dari operasi yang                        Impairment losses of continuing operations, if
      berkelanjutan, jika ada, diakui pada laba rugi                    any, are recognized in the profit or loss in those
      sesuai dengan kategori biaya yang konsisten                       expense categories consistent with the functions
      dengan fungsi dari aset yang diturunkan nilainya.                 of the impaired asset.

  h. Sewa                                                            h. Leases

      Perusahaan menilai pada saat insepsi kontrak                      The Company assesses at contract inception
      apabila kontrak    tersebut adalah,       atau                    whether a contract is, or contains, a lease. That
      mengandung, sewa. Yaitu, bila kontrak tersebut                    is, if the contract conveys the right to control the
      memberikan   hak     untuk     mengendalikan                      use of an identified asset for a period of time in
      penggunaan aset identifikasian selama suatu                       exchange for consideration.
      jangka waktu untuk dipertukarkan dengan
      imbalan.

      Perusahaan sebagai Penyewa                                        The Company as a Lessee

      Perusahaan      menerapkan        pendekatan                      The Company applies a single recognition and
      pengakuan dan pengukuran tunggal untuk                            measurement approach for all leases, except for
      semua sewa, kecuali untuk sewa jangka pendek                      short-term leases and leases of low-value
      dan sewa yang aset pendasarnya bernilai                           assets. The Company recognizes lease liabilities
      rendah. Perusahaan mengakui liabilitas sewa                       to make lease payments and right-of-use assets
      untuk melakukan pembayaran sewa dan aset                          representing the right to use the underlying
      hak-guna    yang     mewakili    hak    untuk                     assets.
      menggunakan aset pendasar.




                                                             16

Page 401
                                                                           The original financial statements included herein
                                                                                            are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                      PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                  As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                 the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                          (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                       2. SUMMARY     OF  MATERIAL     ACCOUNTING
   MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

  h. Sewa (lanjutan)                                               h. Leases (continued)

      Perusahaan sebagai Penyewa (lanjutan)                           The Company as a Lessee (continued)
      Aset Hak-guna                                                   Right-of-use Assets
      Perusahaan mengakui aset hak-guna pada                          The Company recognizes right-of-use assets at
      tanggal permulaan sewa (yaitu tanggal aset                      the commencement date of the lease (i.e., the
      pendasar tersedia untuk digunakan). Aset hak-                   date the underlying asset is available for use).
      guna diukur pada harga perolehan, dikurangi                     Right-of-use assets are measured at cost, less
      akumulasi penyusutan dan penurunan nilai,                       any accumulated depreciation and impairment
      serta disesuaikan dengan pengukuran kembali                     losses, and adjusted for any remeasurement of
      liabilitas sewa. Biaya perolehan aset hak-guna                  lease liabilities. The cost of right-of-use assets
      mencakup jumlah liabilitas sewa yang diakui,                    includes the amount of lease liabilities
      biaya langsung awal yang terjadi, dan                           recognized, initial direct costs incurred, and
      pembayaran sewa yang dilakukan pada atau                        lease payments made at or before the
      sebelum tanggal permulaan dikurangi setiap                      commencement date less any lease incentives
      insentif sewa yang diterima. Aset hak-guna                      received. Right-of-use assets are depreciated on
      disusutkan dengan metode garis lurus selama                     a straight-line basis over the lease term.
      masa sewa.
      Jika kepemilikan aset pendasar sewa beralih ke                  If ownership of the leased asset transfers to the
      Perusahaan pada akhir masa sewa atau biaya                      Company at the end of the lease term or the cost
      perolehan     aset    hak-guna   merefleksikan                  reflects the exercise of a purchase option,
      Perusahaan akan mengeksekusi opsi beli, maka                    depreciation is calculated using the estimated
      penyusutan       aset     hak-guna    dihitung                  useful life of the asset. The right-of-use assets
      menggunakan estimasi masa manfaat aset. Aset                    are also assessed for impairment (Note 2g).
      hak-guna juga dievaluasi untuk penurunan nilai
      (Catatan 2g).
      Liabilitas Sewa                                                 Lease Liabilities
      Pada tanggal permulaan sewa, Perusahaan                         At the commencement date of the lease, the
      mengakui liabilitas sewa yang diukur pada nilai                 Company recognizes lease liabilities measured
      kini pembayaran sewa yang harus dilakukan                       at the present value of lease payments to be
      selama masa sewa.                                               made over the lease term.
      Pembayaran sewa juga mencakup harga                             The lease payments also include the exercise
      pelaksanaan dari opsi beli yang secara wajar                    price of a purchase option reasonably certain to
      pasti dilaksanakan oleh Perusahaan dan                          be exercised by the Company and payments of
      pembayaran penalti untuk mengakhiri sewa, jika                  penalties for terminating the lease, if the lease
      masa sewa merefleksikan adanya opsi dapat                       term reflects exercising the option to terminate.
      mengakhiri sewa. Pembayaran sewa variabel                       Variable lease payments that do not depend on
      yang tidak bergantung pada indeks atau tarif                    an index or a rate are recognized as expenses in
      diakui sebagai beban pada periode terjadinya                    the period in which the event or condition that
      peristiwa atau kondisi yang memicu terjadinya                   triggers the payment occurs.
      pembayaran tersebut.
      Dalam menghitung nilai kini pembayaran sewa,                    In calculating the present value of lease
      Perusahaan menggunakan Suku Bunga                               payments, the Company uses its Incremental
      Pinjaman Inkremental (“SBPI”) pada tanggal                      Borrowing Rate (“IBR”) at the lease
      permulaan sewa karena suku bunga implisit                       commencement date because the interest rate
      dalam sewa tidak dapat langsung ditentukan.                     implicit in the lease is not readily determinable.
      Setelah tanggal permulaan, jumlah kewajiban                     After the commencement date, the amount of
      sewa ditingkatkan untuk mencerminkan akresi                     lease liabilities is increased to reflect the
      bunga (atas efek diskonto) dan dikurangi untuk                  accretion of interest and reduced for the lease
      pembayaran sewa yang dilakukan. Selain itu,                     payments made. In addition, the carrying amount
      nilai tercatat liabilitas sewa diukur kembali jika              of lease liabilities is remeasured if there is a
      terdapat modifikasi, perubahan masa sewa,                       modification, a change in the lease term, a
      perubahan pembayaran sewa, atau perubahan                       change in the lease payments or a change in the
      penilaian atas opsi untuk membeli aset                          assessment of an option to purchase the
      pendasar.                                                       underlying asset.
                                                           17

Page 402
                                                                              The original financial statements included herein
                                                                                               are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                         PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                     As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                    the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                             (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2. SUMMARY     OF  MATERIAL     ACCOUNTING
   MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

  h. Sewa (lanjutan)                                              h. Leases (continued)

       Perusahaan sebagai Penyewa (lanjutan)                             The Company as a Lessee (continued)

       Sewa Jangka Pendek dan Sewa dengan Aset                           Short-term Leases and Leases of Low-value
       Bernilai Rendah                                                   Assets

       Perusahaan       menerapkan       pengecualian                    The Company applies the short-term lease
       pengakuan sewa jangka pendek untuk sewa                           recognition exemption to its short-term leases
       yang jangka waktu sewanya pendek (yaitu, sewa                     (i.e., those leases that have a lease term of
       yang     memiliki    jangka     waktu    sewa                     12 months or less from the commencement date
       12 bulan atau kurang dari tanggal permulaan                       and do not contain a purchase option). The
       dan tidak memiliki opsi beli). Perusahaan juga                    Company also applies the lease of low-value
       menerapkan pengecualian pengakuan sewa                            assets recognition exemption to leases that are
       dengan aset bernilai rendah untuk sewa yang                       considered to be low value. Lease payments on
       aset pendasarnya dianggap bernilai rendah.                        short-term leases and leases of low-value
       Pembayaran sewa untuk sewa jangka pendek                          underlying assets are recognized as expense on
       dan sewa dari aset bernilai rendah diakui                         a straight-line basis over the lease term.
       sebagai beban dengan metode garis lurus
       selama masa sewa.

       Perusahaan sebagai Pesewa                                         The Company as a Lessor

       Sewa yang dalam pengaturannya Perusahaan                          Leases in which the Company does not transfer
       tidak mengalihkan secara substansial seluruh                      substantially all the risks and rewards incidental
       risiko dan manfaat yang terkait dengan                            to ownership of an asset are classified as
       kepemilikan suatu aset diklasifikasikan sebagai                   operating leases. Lease income arising is
       sewa operasi. Pendapatan sewa yang timbul                         accounted for on a straight-line basis over the
       dicatat dengan metode garis lurus selama masa                     lease terms and is included in other operating
       sewa dan diakui sebagai bagian dari pendapatan                    income in the profit or loss due to its operating
       usaha pada laba rugi karena sifatnya. Biaya                       nature. Initial direct costs incurred in negotiating
       langsung awal yang terjadi dalam negosiasi dan                    and arranging an operating lease are added to
       pengaturan sewa operasi ditambahkan ke                            the carrying amount of the leased asset and
       jumlah tercatat dari aset sewaan dan diakui                       recognized over the lease term on the same
       selama masa sewa atas dasar yang sama                             basis as lease income.
       dengan pendapatan sewa.

  i.   Pendapatan dari Kontrak dengan Pelanggan                   i.     Revenue from Contracts with Customers and
       dan Pengakuan Beban                                               Recognition of Expenses

       Pendapatan dari kontrak dengan pelanggan                          Revenue from contracts with customers is
       diakui ketika pengendalian atas barang atau jasa                  recognized when control of the goods or services
       dialihkan kepada pelanggan pada suatu jumlah                      are transferred to the customers at an amount
       yang mencerminkan imbalan yang diharapkan                         that reflects the consideration to which the
       Perusahaan sebagai imbalan atas barang atau                       Company expects to be entitled in exchange for
       jasa tersebut. Secara umum, Perusahaan                            those goods or services. The Company has
       menyimpulkan bahwa mereka bertindak sebagai                       generally concluded that it is the principal in its
       prinsipal dalam pengaturan pendapatannya.                         revenue arrangements.

       Piutang usaha merupakan hak Perusahaan atas                       Trade receivables represent the Company’s right
       sejumlah imbalan yang tidak bersyarat (yaitu,                     to an amount of consideration that is
       hanya berlalunya waktu yang perlu terjadi                         unconditional (i.e., only the passage of time is
       sebelum pembayaran imbalan tersebut jatuh                         required before payment of the consideration is
       tempo). Lihat kebijakan akuntansi aset                            due). Refer to accounting policies of financial
       keuangan di bagian “Instrumen Keuangan”                           assets in “Financial Instruments” section
       mengenai pengakuan awal dan pengukuran                            regarding initial recognition and subsequent
       selanjutnya (Catatan 2k).                                         measurement (Note 2k).


                                                          18

Page 403
                                                                                  The original financial statements included herein
                                                                                                   are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                             PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                         As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                        the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                                 (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                             Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                          2. SUMMARY     OF  MATERIAL     ACCOUNTING
   MATERIAL (lanjutan)                                                POLICIES INFORMATION (continued)

  i.   Pendapatan dari Kontrak dengan Pelanggan                      i.      Revenue from Contracts with Customers and
       dan Pengakuan Beban (lanjutan)                                        Recognition of Expenses (continued)

       Jika pelanggan membayar imbalan sebelum                               If a customer pays consideration before
       Perusahaan mengalihkan barang atau jasa                               the Company transfers goods or services to the
       kepada pelanggan, liabilitas kontrak diakui pada                      customer, a contract liability is recognized when
       saat pembayaran dilakukan atau pembayaran                             the payment is made or the payment is due
       imbalan jatuh tempo (mana yang lebih awal).                           (whichever is earlier). Contract liabilities are
       Liabilitas kontrak diakui sebagai pendapatan                          recognized as revenue when the Company
       pada saat Perusahaan telah memenuhi apa                               performs under the contract.
       yang harus dilaksanakan sesuai kontrak.

       Penghasilan/Beban Bunga                                               Interest Income/Expense

       Untuk semua instrumen keuangan yang diukur                            For all financial instruments measured at
       pada biaya perolehan diamortisasi, penghasilan                        amortized cost, interest income or expense is
       atau beban bunga dicatat dengan menggunakan                           recorded using the Effective Interest Rate (“EIR”)
       metode Suku Bunga Efektif (“SBE”), yaitu tingkat                      method, which is the rate that exactly discounts
       suku bunga digunakan mendiskontokan secara                            the estimated future cash payments or receipts
       tepat estimasi pembayaran atau penerimaan                             over the expected life of the financial instrument
       arus kas di masa yang akan datang selama umur                         or a shorter period, where appropriate, to the net
       ekpektasian dari instrumen keuangan, atau jika                        carrying amount of the financial asset or liability.
       lebih sesuai, selama periode yang lebih singkat,
       untuk jumlah tercatat neto dari aset atau liabilitas
       keuangan.

       Beban                                                                 Expenses

       Beban diakui pada saat terjadinya (asas akrual).                      Expenses are recognized when they are incurred
                                                                             (accrual basis).

  j.   Imbalan Kerja                                                  j.     Employee Benefits

       Perusahaan mencatat penyisihan manfaat untuk                          The Company provides provisions on top of the
       memenuhi dan menutup imbalan minimum yang                             benefits provided under defined contribution
       harus dibayar kepada karyawan-karyawan                                pension programs in order to meet and cover the
       sesuai dengan Perjanjian Kerja Bersama,                               minimum benefits required to be paid to the
       Peraturan Perusahaan, Undang-undang tentang                           qualified employees under Collective Labor
       Cipta    Kerja   No.    6/2023    (“UU    Cipta                       Agreement, Company’s Policy, Government
       Kerja”/”UUCK”) dan Peraturan Pemerintah                               Regulation of Law No. 6/2023 (the “Cipta Kerja
       No. 35/2021. Penyisihan tambahan tersebut                             Law”/”UUCK”) and Government Regulation
       diestimasi dengan menggunakan perhitungan                             No. 35/2021. The said additional provisions are
       aktuarial metode “Projected Unit Credit”.                             estimated using actuarial calculations using the
                                                                             “Projected Unit Credit” method.

       Pengukuran kembali, terdiri atas keuntungan                           Re-measurements, comprising of actuarial gains
       dan kerugian aktuarial, segera diakui pada                            and losses, are recognized immediately in the
       laporan posisi keuangan dengan pengaruh                               statement of financial position with a
       langsung didebit atau dikreditkan kepada saldo                        corresponding debit or credit to retained
       laba melalui Penghasilan Komprehensif Lain                            earnings through Other Comprehensive Income
       (“PKL”) pada periode terjadinya. Pengukuran                           (“OCI”) in the period in which they occur.
       kembali tidak direklasifikasi ke laba rugi pada                       Re-measurements are not reclassified to profit or
       periode berikutnya.                                                   loss in subsequent periods.




                                                              19

Page 404
                                                                               The original financial statements included herein
                                                                                                are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                          PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                      As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                     the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                              (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                       2. SUMMARY     OF  MATERIAL     ACCOUNTING
   MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

  j.   Imbalan Kerja (lanjutan)                                    j.     Employee Benefits (continued)

       Biaya jasa lalu harus diakui sebagai beban pada                    Past service costs are recognized in profit or loss
       saat yang lebih awal antara:                                       at the earlier between:
       i. ketika program amandemen atau kurtailmen                        i. the date of the plan amendment or
           terjadi; dan                                                        curtailment; and
       ii. ketika entitas mengakui biaya restrukturisasi                  ii. the date the Company recognizes related
           atau imbalan terminasi terkait.                                     restructuring costs.

       Bunga neto dihitung dengan menerapkan tingkat                      Net interest is calculated by applying the
       diskonto yang digunakan terhadap liabilitas                        discount rate to the net defined benefit liability.
       imbalan kerja. Perusahaan mengakui perubahan                       The Company recognizes the following changes
       berikut pada kewajiban obligasi neto pada akun                     in the net defined benefit obligation under “Cost
       “Beban Pokok Penghasilan”, “Beban Penjualan”                       of Revenues”, “Selling Expenses” and “General
       dan “Beban Umum dan Administrasi” pada                             and Administrative Expenses” as appropriate in
       laporan laba rugi dan penghasilan komprehensif                     the statement of profit or loss and other
       lain:                                                              comprehensive income:
       i. Biaya jasa terdiri atas biaya jasa kini, biaya                  i. Service costs comprising current service
            jasa lalu, keuntungan atau kerugian atas                           costs, past-service costs, gains or losses on
            penyelesaian (curtailment) tidak rutin, dan                        curtailments and non-routine settlements,
                                                                               and
       ii.   Beban atau penghasilan bunga neto.                           ii. Net interest expense or income.

  k. Instrumen Keuangan                                            k. Financial Instruments

       Instrumen keuangan adalah setiap kontrak yang                      A financial instrument is any contract that gives
       memberikan aset keuangan bagi satu entitas                         rise to a financial asset of one entity and a
       dan liabilitas keuangan atau ekuitas bagi entitas                  financial liability or equity instrument of another
       lain.                                                              entity.

       Aset Keuangan                                                      Financial Assets

       Pengakuan dan Pengukuran Awal                                      Initial Recognition and Measurement

       Pada pengakuan awal, Perusahaan mengukur                           At initial recognition, the Company measures a
       aset keuangan pada nilai wajarnya ditambah                         financial asset at its fair value plus transaction
       biaya transaksi, dalam hal aset keuangan tidak                     costs, in the case of a financial asset not at fair
       diukur pada nilai wajar melalui laba rugi                          value through profit or loss (“FVTPL”). Trade
       (“NWLR”).    Piutang    usaha     yang   tidak                     receivables that do not contain a significant
       mengandung komponen pembiayaan yang                                financing component, for which the Company
       signifikan,   dimana      Perusahaan     telah                     has applied the practical expedient are
       menerapkan cara praktis, yaitu diukur pada                         measured at the transaction price determined
       harga transaksi yang ditentukan sesuai PSAK                        under PSAK No. 115, “Revenue from Contracts
       No. 115, “Pendapatan dari Kontrak dengan                           with Customers”, as disclosed in Note 2i.
       Pelanggan”,     seperti   diungkapkan    pada
       Catatan 2i.

       Agar aset keuangan diklasifikasikan dan diukur                     In order for a financial asset to be classified and
       pada biaya perolehan diamortisasi atau NWPKL,                      measured at amortized cost or FVOCI, it needs
       aset keuangan harus menghasilkan arus kas                          to give rise to cash flows that are ‘solely
       yang semata dari pembayaran pokok dan bunga                        payments of principal and interest (“SPPI”)’ on
       (“SPPB”) dari jumlah pokok terutang. Penilaian                     the principal amount outstanding. This
       ini disebut sebagai uji SPPB dan dilakukan pada                    assessment is referred to as the SPPI test and is
       tingkat instrumen.                                                 performed at an instrument level.




                                                           20

Page 405
                                                                        The original financial statements included herein
                                                                                         are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                   PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                               As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                              the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                       (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                   Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                    2. SUMMARY     OF  MATERIAL     ACCOUNTING
   MATERIAL (lanjutan)                                          POLICIES INFORMATION (continued)

  k. Instrumen Keuangan (lanjutan)                              k. Financial Instruments (continued)

      Aset Keuangan (lanjutan)                                     Financial Assets (continued)

      Pengakuan dan Pengukuran Awal (lanjutan)                     Initial Recognition and Measurement (continued)

      Model bisnis Perusahaan untuk mengelola aset                 The Company’s business model for managing
      keuangan mengacu pada bagaimana mereka                       financial assets refers to how it manages its
      mengelola     aset     keuangannya        untuk              financial assets in order to generate cash flows.
      menghasilkan    arus    kas.   Model     bisnis              The business model determines whether cash
      menentukan apakah arus kas akan dihasilkan                   flows will result from collecting contractual cash
      dari penerimaan arus kas kontraktual, penjualan              flows, selling the financial assets, or both.
      aset keuangan, atau keduanya.

      Pengukuran Selanjutnya                                       Subsequent Measurement

      Untuk tujuan pengukuran selanjutnya, aset                    For purposes of subsequent measurement,
      keuangan diklasifikasikan dalam empat kategori:              financial assets are classified in four categories:
      - Aset keuangan pada biaya perolehan                         - Financial assets at amortized cost (debt
         diamortisasi (instrumen utang),                               instruments),
      - Aset keuangan pada NWPKL dengan                            - Financial assets at FVOCI with recycling of
         reklasifikasi ke keuntungan dan kerugian                      cumulative gains and losses (debt
         kumulatif (instrumen utang),                                  instruments),
      - Aset keuangan pada NWPKL tanpa                             - Financial assets designated at FVOCI with
         reklasifikasi ke keuntungan dan kerugian                      no recycling of cumulative gains and losses
         kumulatif atas pelepasan (instrumen                           upon derecognition (equity instruments), and
         ekuitas), dan
      - NWLR.                                                      -   FVTPL.

      Pengukuran selanjutnya dari aset keuangan                    The subsequent measurement of financial
      tergantung kepada klasifikasi masing-masing                  assets depends on their classification as
      aset keuangan seperti berikut ini:                           described below:

      Aset Keuangan pada Biaya            Perolehan                Financial Assets at Amortized Cost (Debt
      Diamortisasi (Instrumen Utang)                               Instruments)

      Perusahaan mengukur aset keuangan pada                       The Company measures financial assets at
      biaya perolehan diamortisasi jika kedua kondisi              amortized cost if both of the following conditions
      berikut terpenuhi:                                           are met:
      - Aset keuangan dimiliki dalam model bisnis                  - The financial asset is held within a business
          dengan tujuan untuk memiliki aset keuangan                   model with the objective to hold financial
          dalam rangka mendapatkan arus kas                            assets in order to collect contractual cash
          kontraktual, dan                                             flows, and
      - Persyaratan kontraktual dari aset keuangan                 - The contractual terms of the financial asset
          menghasilkan arus kas pada tanggal                           give rise on specified dates to cash flows that
          tertentu yang merupakan SPPB dari jumlah                     are SPPI on the principal amount
          pokok terutang.                                              outstanding.

      Aset keuangan yang diukur pada biaya                         Financial assets at amortized cost are
      perolehan diamortisasi selanjutnya diukur                    subsequently measured using the EIR method
      dengan menggunakan metode SBE dan menjadi                    and are subject to impairment. Gains and losses
      subyek penurunan nilai. Keuntungan dan                       are recognized in profit or loss when the asset is
      kerugian diakui dalam laba rugi pada saat aset               derecognized, modified or impaired.
      dihentikan pengakuannya, dimodifikasi atau
      diturunkan nilainya.




                                                        21

Page 406
                                                                            The original financial statements included herein
                                                                                             are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                      PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                  As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                 the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                          (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2. SUMMARY     OF  MATERIAL     ACCOUNTING
   MATERIAL (lanjutan)                                              POLICIES INFORMATION (continued)

  k. Instrumen Keuangan (lanjutan)                                 k. Financial Instruments (continued)

      Aset Keuangan (lanjutan)                                         Financial Assets (continued)

      Pengukuran Selanjutnya (lanjutan)                                Subsequent Measurement (continued)

      Pengukuran selanjutnya dari aset keuangan                       The subsequent measurement of financial assets
      tergantung kepada klasifikasi masing-masing                     depends on their classification as described
      aset keuangan seperti berikut ini: (lanjutan)                   below: (continued)

      Aset Keuangan pada Biaya Perolehan                               Financial Assets at Amortized Cost (Debt
      Diamortisasi (Instrumen Utang) (lanjutan)                        Instruments) (continued)

      Aset keuangan Perusahaan yang diukur pada                        The Company’s financial assets at amortized
      biaya perolehan diamortisasi termasuk kas dan                    cost include cash on hand and in banks, trade
      bank, piutang usaha, piutang non-usaha dan                       receivables, non-trade receivables and security
      uang jaminan.                                                    deposits.

      Aset Keuangan pada NWPKL (Instrumen                              Financial Assets at FVOCI (Debt Instruments)
      Utang)

      Untuk instrumen utang yang diukur pada                           For debt instruments at FVOCI, interest income,
      NWPKL, pendapatan bunga, revaluasi mata                          foreign exchange revaluation and impairment
      uang asing dan kerugian penurunan nilai atau                     losses or reversals are recognized in the
      pembalikan diakui dalam laporan laba rugi dan                    statement of profit or loss and computed in the
      dihitung dengan cara yang sama seperti untuk                     same manner as for financial assets measured
      aset keuangan yang diukur pada biaya                             at amortized cost. The remaining fair value
      perolehan diamortisasi. Perubahan nilai wajar                    changes are recognized in OCI. Upon
      yang tersisa diakui di PKL. Pada saat                            derecognition, the cumulative fair value change
      penghentian pengakuan, perubahan nilai wajar                     recognized in OCI is recycled to profit or loss.
      kumulatif yang diakui di PKL direklasifikasi ke                  The Company has no debt instruments
      laba rugi. Perusahaan tidak memiliki instrumen                   measured at FVOCI.
      utang yang diukur pada NWPKL.

      Aset Keuangan pada NWPKL Tanpa                                   Financial Assets Designated at FVOCI with
      Reklasifikasi Keuntungan dan Kerugian                            No Recycling of Cumulative Gains and
      Kumulatif Setelah Pelepasan (Instrumen                           Losses     upon   Derecognition   (Equity
      Ekuitas)                                                         Instruments)

      Pada pengakuan awal, Perusahaan dapat                            Upon initial recognition, the Company can elect
      memilih untuk menetapkan klasifikasi yang tak                    to classify irrevocably its investments in equity
      terbatalkan atas investasi pada instrumen                        instruments at FVOCI when they meet the
      ekuitas sebagai NWPKL jika memenuhi definisi                     definition of equity under PSAK No. 232,
      ekuitas sesuai PSAK No. 232, “Instrumen                          “Financial instruments: Presentation” and are not
      Keuangan: Penyajian” dan tidak dimiliki untuk                    held for trading. The classification is determined
      diperdagangkan. Klasifikasi ditentukan atas                      on an instrument-by-instrument basis.
      basis instrumen per instrumen.

      Keuntungan dan kerugian atas aset keuangan ini                   Gains and losses on these financial assets are
      tidak pernah direklasifikasi ke laba rugi, dan aset              never recycled to profit or loss, and these
      keuangan ini tidak menjadi subyek penurunan                      financial assets are not subject to impairment
      nilai. Dividen diakui sebagai penghasilan lain-                  assessment. Dividends are recognized as other
      lain dalam laba rugi pada saat hak atas                          income in the profit or loss when the right of
      pembayaran telah ditetapkan.                                     payment has been established.




                                                            22

Page 407
                                                                          The original financial statements included herein
                                                                                           are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                    PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                               the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                        (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2. SUMMARY     OF  MATERIAL     ACCOUNTING
   MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

  k. Instrumen Keuangan (lanjutan)                               k. Financial Instruments (continued)

      Aset Keuangan (lanjutan)                                      Financial Assets (continued)

      Pengukuran Selanjutnya (lanjutan)                              Subsequent Measurement (continued)

      Pengukuran selanjutnya dari aset keuangan                      The subsequent measurement of financial assets
      tergantung kepada klasifikasi masing-masing                    depends on their classification as described
      aset keuangan seperti berikut ini: (lanjutan)                  below: (continued)

      Aset Keuangan pada NWPKL Tanpa                                 Financial Assets Designated at FVOCI with
      Reklasifikasi Keuntungan dan Kerugian                          No Recycling of Cumulative Gains and
      Kumulatif Setelah Pelepasan (Instrumen                         Losses     upon     Derecognition (Equity
      Ekuitas) (lanjutan)                                            Instruments) (continued)

      Perusahaan      memilih   untuk    menetapkan                  The Company elected to classify irrevocably
      klasifikasi yang tak terbatalkan atas investasi                under this category its non-listed equity
      pada instrumen ekuitas yang tidak terdaftar di                 investments presented under “Non-current
      bursa disajikan sebagai “Aset Keuangan Tidak                   Financial Assets”.
      Lancar”.

      Aset Keuangan pada Nilai Wajar Melalui Laba                   Financial Assets at Fair Value Through Profit
      Rugi (“NWLR”)                                                 or Loss (“FVTPL”)

      Aset keuangan pada NWLR tercatat dalam                        Financial assets at FVTPL are carried in the
      laporan posisi keuangan pada nilai wajar dengan               statement of financial position at fair value with
      perubahan neto nilai wajar yang diakui dalam                  net changes in fair value recognized in the
      laporan laba rugi.                                            statement of profit or loss.

      Kategori ini termasuk instrumen derivatif dan                  This category includes derivative instruments
      investasi ekuitas yang diperdagangkan di bursa                 and listed equity investments which the
      efek      yang     mana      oleh    Perusahaan                Company had not irrevocably elected to classify
      diklasifikasikan secara tak terbatalkan pada                   at FVOCI. Dividends on listed equity investments
      NWPKL. Dividen atas investasi ekuitas yang                     are recognized as other income in the statement
      tercatat di bursa diakui sebagai pendapatan lain-              of profit or loss when the right of payment has
      lain dalam laporan laba rugi pada saat hak atas                been established.
      pembayaran telah ditetapkan.

      Derivatif melekat dalam kontrak hibrida, dengan                A derivative embedded in a hybrid contract, with
      liabilitas keuangan atau kontrak derivatif non-                a financial liability or non-financial host, is
      keuangan, dipisahkan dari kontrak utamanya                     separated from the host and accounted for as a
      dan dicatat sebagai derivatif terpisah jika:                   separate      derivative   if:  the    economic
      karakteristik ekonomi dan risiko tidak berkaitan               characteristics and risks are not closely related
      erat dengan kontrak utamanya; derivatif terpisah               to the host; a separate instrument with the same
      dengan persyaratan yang sama dengan derivatif                  terms as the embedded derivative would meet
      melekat akan memenuhi definisi derivatif; dan                  the definition of a derivative; and the hybrid
      kontrak hibrida ini tidak diukur pada NWLR.                    contract is not measured at FVTPL. Embedded
      Derivatif melekat diukur pada nilai wajar dengan               derivatives are measured at fair value with
      perubahan nilai wajar diakui dalam laba rugi.                  changes in fair value recognized in profit or loss.
      Penilaian ulang hanya terjadi jika terdapat                    Reassessment only occurs if there is either a
      perubahan baik dalam persyaratan kontrak yang                  change in the terms of the contract that
      secara signifikan mengubah arus kas yang                       significantly modifies the cash flows that would
      sebaliknya akan diperlukan, atau reklasifikasi                 otherwise be required or a reclassification of a
      derivatif keuangan di luar dari kategori NWLR.                 financial asset out of the FVTPL category. The
      Perusahaan memiliki derivatif keuangan yang                    Company has financial assets measured as
      diukur pada NWLR dan dicatat sebagai piutang                   FVTPL and recorded as derivative receivables.
      derivatif.


                                                          23

Page 408
                                                                               The original financial statements included herein
                                                                                                are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                          PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                      As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                     the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                              (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                           2. SUMMARY     OF  MATERIAL     ACCOUNTING
   MATERIAL (lanjutan)                                                 POLICIES INFORMATION (continued)

  k. Instrumen Keuangan (lanjutan)                                     k. Financial Instruments (continued)

      Aset Keuangan (lanjutan)                                            Financial Assets (continued)

      Penghentian Pengakuan                                               Derecognition

      Aset keuangan (atau, sesuai dengan kondisinya,                      A financial asset (or, where applicable, a part of
      bagian dari aset keuangan atau bagian dari                          a financial asset or part of a group of similar
      kelompok aset keuangan serupa) terutama                             financial assets) is primarily derecognized (i.e.,
      dihentikan pengakuannya (yaitu, dihapuskan                          removed from the Company’s statement of
      dari laporan posisi keuangan Perusahaan)                            financial position) when:
      ketika:
      - Hak untuk menerima arus kas dari aset telah                       -   The rights to receive cash flows from the
          berakhir, atau                                                      asset have expired, or
      - Perusahaan telah mengalihkan haknya                               -   The Company has transferred its rights to
          untuk menerima arus kas dari aset atau                              receive cash flows from the asset or has
          menanggung kewajiban untuk membayar                                 assumed an obligation to pay the received
          arus kas yang diterima tersebut secara                              cash flows in full without material delay to a
          penuh tanpa penundaan yang material                                 third party under a “pass-through”
          kepada      pihak    ketiga     berdasarkan                         arrangement; and either (a) the Company
          kesepakatan “pass-through”; dan salah satu                          has transferred substantially all the risks and
          dari (a) Perusahaan telah mengalihkan                               rewards of the asset, or (b) the Company has
          secara substansial seluruh risiko dan                               neither transferred nor retained substantially
          manfaat atas aset, atau (b) Perusahaan                              all the risks and rewards of the asset, but has
          tidak mengalihkan maupun tidak memiliki                             transferred control of the asset.
          secara substansial atas seluruh risiko dan
          manfaat atas aset, tetapi telah mengalihkan
          kendali atas aset.

      Ketika Perusahaan telah mengalihkan haknya                          When the Company has transferred its rights to
      untuk menerima arus kas dari suatu aset atau                        receive cash flows from an asset or has entered
      telah menandatangani kesepakatan “pass-                             into a pass-through arrangement, it evaluates if,
      through”, Perusahaan mengevaluasi jika, dan                         and to what extent, it has retained the risks and
      sejauh         mana,        Perusahaan         masih                rewards of ownership. When it has neither
      mempertahankan risiko dan manfaat atas                              transferred nor retained substantially all of the
      kepemilikan aset. Ketika Perusahaan tidak                           risks and rewards of the asset, nor transferred
      mengalihkan maupun seluruh risiko dan manfaat                       control of the asset, the Company continues to
      atas aset dipertahankan secara substansial,                         recognize the transferred asset to the extent of
      maupun tidak mengalihkan kendali atas aset,                         its continuing involvement. In that case, the
      Perusahaan tetap mengakui aset yang dialihkan                       Company also recognizes an associated liability.
      sebesar keterlibatan berkelanjutannya. Dalam                        The transferred asset and the associated liability
      kasus tersebut, Perusahaan juga mengakui                            are measured on a basis that reflects the rights
      liabilitas terkait. Aset yang dialihkan dan liabilitas              and obligations that the Company has retained.
      terkait diukur dengan basis yang mencerminkan
      hak dan kewajiban yang masih dipertahankan
      oleh Perusahaan.

      Keterlibatan berkelanjutan dalam bentuk                             Continuing involvement that takes the form of a
      jaminan atas aset yang ditransfer, diukur pada                      guarantee over the transferred asset is
      nilai yang lebih rendah antara jumlah tercatat                      measured at the lower of the original carrying
      awal aset dan jumlah maksimum imbalan yang                          amount of the asset and the maximum amount of
      dibutuhkan oleh Perusahaan untuk membayar                           consideration that the Company could be
      kembali.                                                            required to repay.




                                                               24

Page 409
                                                                          The original financial statements included herein
                                                                                           are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                     PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                 As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                         (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2. SUMMARY     OF  MATERIAL     ACCOUNTING
   MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

  k. Instrumen Keuangan (lanjutan)                                k. Financial Instruments (continued)

      Aset Keuangan (lanjutan)                                       Financial Assets (continued)

      Penurunan Nilai                                                Impairment

      Perusahaan mengakui cadangan kerugian kredit                   The Company recognizes an allowance for
      ekspektasian (“KKE”) untuk semua instrumen                     expected credit loss (“ECL”) for all debt
      utang yang bukan diukur pada NWLR dan                          instruments not held at FVTPL and financial
      kontrak jaminan keuangan. KKE ditentukan atas                  guarantee contracts. ECLs are based on the
      perbedaan antara arus kas kontraktual menurut                  difference between the contractual cash flows
      kontrak dan semua arus kas yang diharapkan                     due in accordance with the contract and all the
      akan diterima oleh Perusahaan, yang                            cash flows that the Company expects to receive,
      didiskontokan dengan perkiraan SBE orisinal.                   discounted at an approximation of the original
      Arus kas yang diharapkan mencakup setiap arus                  EIR. The expected cash flows include any cash
      kas dari penjualan agunan yang dimiliki atau                   flows from the sale of collateral held or other
      perbaikan kredit lainnya yang merupakan bagian                 credit enhancements that are integral to the
      yang tidak terpisahkan dalam ketentuan kontrak.                contractual terms.

      KKE diakui dalam dua tahap. Bila belum                         ECLs are recognized in two stages. When there
      terdapat peningkatan risiko kredit signifikan                  have not been significant increases in credit risks
      sejak pengakuan awal, KKE diakui untuk                         since initial recognition, ECLs are provided for
      kerugian kredit yang dihasilkan dari peristiwa                 credit losses that result from default events that
      gagal bayar yang mungkin terjadi dalam jangka                  are possible within the next 12-months (a 12-
      waktu 12 bulan ke depan (KKE 12 bulan).                        month ECL). But, when there have been
      Namun, bila telah terdapat peningkatan                         significant increases in credit risks since initial
      signifikan risiko kredit sejak pengakuan awal,                 recognition, a loss allowance is recognized for
      penyisihan kerugian diakui untuk kerugian kredit               credit losses expected over the remaining life of
      yang diperkirakan selama sisa umur aset, tanpa                 the asset, irrespective of timing of the default (a
      mempertimbangkan waktu gagal bayar (KKE                        lifetime ECL).
      sepanjang umurnya).

      Karena piutang usaha tidak memiliki komponen                   Because its trade receivables do not contain
      pembiayaan         signifikan,      Perusahaan                 significant financing component, the Company
      menerapkan pendekatan yang disederhanakan                      applies a simplified approach in calculating ECL.
      dalam perhitungan KKE. Oleh karena itu,                        Therefore, the Company does not track changes
      Perusahaan tidak menelusuri perubahan dalam                    in credit risk, but instead recognizes a loss
      risiko kredit, namun justru mengakui penyisihan                allowance based on lifetime ECL at each
      kerugian berdasarkan KKE sepanjang umurnya                     reporting date. The Company established a
      pada setiap tanggal pelaporan. Perusahaan                      provision matrix that is based on its historical
      membentuk matriks provisi berdasarkan                          credit loss experience, adjusted for forward-
      pengalaman kerugian kredit masa lampau,                        looking factors specific to the customers and the
      disesuaikan dengan perkiraan masa depan                        economic environment.
      (forward-looking) atas faktor yang spesifik untuk
      pelanggan dan lingkungan ekonomi.

      Liabilitas Keuangan                                            Financial Liabilities

      Pengakuan dan Pengukuran Awal                                  Initial Recognition and Measurement

      Liabilitas keuangan diklasifikasikan, pada                     Financial liabilities are classified, at initial
      pengakuan awal, sebagai liabilitas keuangan                    recognition, as financial liabilities at FVTPL,
      yang diukur pada NWLR, utang dan pinjaman                      loans and borrowings as appropriate or financial
      ditetapkan sesuai dengan kondisinya atau                       liabilities as amortized cost.
      liabilitas keuangan pada biaya perolehan
      diamortisasi.



                                                          25

Page 410
                                                                           The original financial statements included herein
                                                                                            are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                    PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                               the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                        (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2. SUMMARY     OF  MATERIAL     ACCOUNTING
   MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

  k. Instrumen Keuangan (lanjutan)                                k. Financial Instruments (continued)

      Liabilitas Keuangan (lanjutan)                                 Financial Liabilities (continued)

      Pengakuan dan Pengukuran Awal (lanjutan)                       Initial Recognition and Measurement (continued)

      Semua liabilitas keuangan diakui pada nilai wajar              All financial liabilities are recognized initially at
      saat pengakuan awal dan, dalam hal liabilitas                  fair value and, in the case of loans and
      keuangan diklasifikasi sebagai utang dan                       borrowings and payables, net of directly
      pinjaman, diakui pada nilai wajar setelah                      attributable transaction costs.
      dikurangi    biaya     transaksi  yang      dapat
      diatribusikan secara langsung.

      Perusahaan menetapkan liabilitas keuangannya                   The Company designates its financial liabilities
      sebagai utang dan pinjaman, seperti utang bank                 as loans and borrowings, such as short-term
      jangka pendek, utang usaha, utang non-usaha,                   bank loans, trade payables, non-trade payables,
      beban akrual dan liabilitas imbalan kerja jangka               accrued expenses and short-term employee
      pendek. Perusahaan tidak memiliki liabilitas                   benefits liability. The Company has no financial
      keuangan yang diukur pada NWLR.                                liabilities measured at FVTPL.

      Pengukuran Selanjutnya                                         Subsequent Measurement

      Pengukuran selanjutnya dari liabilitas keuangan                The subsequent measurement of financial
      ditentukan oleh klasifikasinya sebagai berikut:                liabilities depends on their classification as
                                                                     described below:

      Liabilitas Keuangan pada Biaya Perolehan                       Financial Liabilities at Amortized Cost (Loans
      Diamortisasi (Utang dan Pinjaman)                              and Borrowings)

      i.    Utang dan Pinjaman Jangka Panjang yang                   i.    Long-term Interest-bearing         Loans      and
            Dikenakan Bunga                                                Borrowings

            Setelah pengakuan awal, utang dan                              Subsequent to initial recognition, long-term
            pinjaman jangka panjang yang berbunga                          interest-bearing loans and borrowings are
            diukur pada biaya perolehan yang                               measured at amortized acquisition costs
            diamortisasi dengan menggunakan metode                         using EIR method. At the reporting dates,
            SBE. Pada tanggal pelaporan, biaya bunga                       accrued interest is recorded separately from
            yang masih harus dibayar dicatat secara                        the associated borrowings within the current
            terpisah dari pokok pinjaman terkait, dalam                    liabilities section. Gains and losses are
            bagian liabilitas jangka pendek. Keuntungan                    recognized in the profit or loss when the
            dan kerugian diakui pada laba rugi ketika                      liabilities are derecognized as well as
            liabilitas dihentikan pengakuannya maupun                      through the EIR amortization process.
            melalui proses amortisasi menggunakan
            metode SBE.

            Biaya    amortisasi    dihitung    dengan                      Amortized cost is calculated by taking into
            mempertimbangkan setiap diskonto atau                          account any discount or premium on
            premium atas akusisi dan komisi atau biaya                     acquisition and fee or costs that are an
            yang merupakan bagian tidak terpisahkan                        integral part of the EIR. The EIR amortization
            dari SBE. Amortisasi SBE dicatat sebagai                       is included in finance costs in the profit or
            beban keuangan pada laba rugi.                                 loss.

      ii.   Utang dan Akrual                                         ii.   Payables and Accruals

            Liabilitas untuk utang bank jangka pendek,                     Liabilities for short-term bank loans, current
            utang usaha dan utang non-usaha jangka                         trade payables and non-trade payables,
            pendek, beban akrual dan liabilitas imbalan                    accrued expenses and short-term employee
            kerja jangka pendek dinyatakan sebesar                         benefits liability are stated at carrying
            jumlah tercatat (jumlah nosional), yang                        amounts        (notional   amounts),    which
            kurang lebih sebesar nilai wajarnya.                           approximate their fair values.

                                                          26

Page 411
                                                                              The original financial statements included herein
                                                                                               are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                       PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                   As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                  the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                           (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                         2. SUMMARY     OF  MATERIAL     ACCOUNTING
   MATERIAL (lanjutan)                                               POLICIES INFORMATION (continued)

  k. Instrumen Keuangan (lanjutan)                                   k. Financial Instruments (continued)

       Liabilitas Keuangan (lanjutan)                                    Financial Liabilities (continued)

       Penghentian Pengakuan                                             Derecognition

       Suatu      liabilitas  keuangan dihentikan                        A financial liability is derecognized when the
       pengakuannya pada saat kewajiban yang                             obligation under the contract is discharged or
       ditetapkan dalam kontrak berakhir atau                            cancelled or expired.
       dibatalkan atau kedaluwarsa.

       Ketika sebuah liabilitas keuangan ditukar dengan                  When an existing financial liability is replaced by
       liabilitas keuangan lain dari pemberi pinjaman                    another from the same lender on substantially
       yang sama atas persyaratan yang secara                            different terms, or the terms of an existing liability
       substansial berbeda, atau bila persyaratan dari                   are substantially modified, such an exchange or
       liabilitas keuangan tersebut secara substansial                   modification is treated as derecognition of the
       dimodifikasi,    pertukaran     atau    modifikasi                original liability and recognition of a new liability,
       persyaratan       tersebut     dicatat     sebagai                and the difference in the respective carrying
       penghentian pengakuan liabilitas keuangan                         amounts is recognized in the profit or loss.
       orisinal dan pengakuan liabilitas keuangan baru,
       dan selisih antara nilai tercatat masing-masing
       liabilitas keuangan tersebut diakui pada laba rugi.

       Saling Hapus Instrumen Keuangan                                   Offsetting of Financial Instruments

       Aset keuangan dan liabilitas keuangan                             Financial assets and financial liabilities are
       disalinghapuskan dan nilai netonya disajikan                      offset, and the net amount reported in the
       dalam laporan posisi keuangan jika, dan hanya                     statement of financial position if, and only if, there
       jika, terdapat hak secara hukum untuk melakukan                   is a currently enforceable legal right to offset the
       saling hapus atas jumlah tercatat dari aset                       recognized amounts and there is an intention to
       keuangan dan liabilitas keuangan tersebut dan                     settle on a net basis, or to realize the assets and
       terdapat intensi untuk menyelesaikan secara                       settle the liabilities simultaneously.
       neto, atau untuk merealisasikan aset dan
       menyelesaikan liabilitas secara bersamaan.

  l.   Instrumen Keuangan Derivatif                                 l.   Derivative Financial Instruments

       Pengakuan dan Pengukuran Awal                                     Initial Recognition and Measurement

       Perusahaan menggunakan instrumen keuangan                         The Company uses derivative financial
       derivatif, seperti kontrak mata uang forward untuk                instruments, such as forward currency contracts,
       melindungi risiko mata uang asing. Instrumen                      to hedge its foreign currency risks. Such
       keuangan derivatif tersebut pada awalnya diakui                   derivative financial instruments are initially
       pada nilai wajar pada saat kontrak derivatif                      recognized at fair value on the date on which a
       ditandatangani dan kemudian dinilai kembali                       derivative contract is entered into and are
       pada nilai wajar. Derivatif dicatat sebagai aset                  subsequently re-measured at fair value.
       keuangan ketika nilai wajarnya positif dan                        Derivatives are carried as financial assets when
       sebagai liabilitas keuangan ketika nilai wajarnya                 the fair value is positive and as financial liabilities
       negatif.                                                          when the fair value is negative.




                                                             27

Page 412
                                                                              The original financial statements included herein
                                                                                               are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                        PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                    As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                   the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                            (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                          2. SUMMARY     OF  MATERIAL     ACCOUNTING
   MATERIAL (lanjutan)                                                POLICIES INFORMATION (continued)

  l.   Instrumen Keuangan Derivatif (lanjutan)                       l.   Derivative Financial Instruments (continued)

       Pengakuan dan Pengukuran Awal (lanjutan)                           Initial Recognition and Measurement (continued)

       Untuk tujuan akuntansi lindung nilai, lindung nilai                For the purpose of hedge accounting, hedges
       diklasifikasikan sebagai:                                          are classified as:
        Lindung nilai nilai wajar ketika melakukan                        Fair value hedges when hedging the
            lindung nilai atas eksposur terhadap                              exposure to changes in the fair value of a
            perubahan nilai wajar aset atau liabilitas yang                   recognized asset or liability or an
            diakui atau komitmen pasti yang tidak diakui.                     unrecognized firm commitment.
        Lindung nilai arus kas ketika melakukan                           Cash flow hedges when hedging the
            lindung nilai atas eksposur terhadap                              exposure to variability in cash flows that is
            variabilitas dalam arus kas yang dapat                            either attributable to a particular risk
            diatribusikan pada risiko tertentu yang terkait                   associated with a recognized asset or liability
            dengan aset atau liabilitas yang diakui atau                      or a highly probable forecast transaction or
            prakiraan transaksi yang kemungkinan besar                        the foreign currency risk in an unrecognized
            terjadi atau risiko mata uang asing dalam                         firm commitment.
            komitmen pasti yang tidak diakui.
        Lindung nilai investasi neto kegiatan usaha                         Hedges of a net investment in a foreign
            luar negeri.                                                      operation.

       Pada saat insepsi hubungan lindung nilai,                          At the inception of a hedge relationship, the
       Perusahaan secara formal menetapkan dan                            Company formally designates and documents
       mendokumentasikan hubungan lindung nilai                           the hedge relationship to which it wishes to apply
       yang mana ingin diterapkan akuntansi lindung                       hedge accounting and the risk management
       nilai dan tujuan serta strategi manajemen risiko                   objective and strategy for undertaking the hedge.
       untuk melakukan lindung nilai.

       Dokumentasi mencakup identifikasi instrumen                        The documentation includes identification of the
       lindung nilai, item lindung nilai, sifat risiko yang               hedging instrument, the hedged item, the nature
       dilindung nilai dan bagaimana Perusahaan akan                      of the risk being hedged and how the Company
       menilai apakah hubungan lindung nilai memenuhi                     will assess whether the hedging relationship
       persyaratan efektivitas lindung nilai (termasuk                    meets the hedge effectiveness requirements
       analisis sumber ketidakefektifan lindung nilai dan                 (including the analysis of sources of hedge
       bagaimana rasio lindung nilai ditentukan).                         ineffectiveness and how the hedge ratio is
       Hubungan lindung nilai memenuhi syarat untuk                       determined). A hedging relationship qualifies for
       akuntansi lindung nilai jika memenuhi semua                        hedge accounting if it meets all of the following
       persyaratan efektivitas berikut:                                   effectiveness requirements:
        Ada 'hubungan ekonomik' antara item                               There is ‘an economic relationship’ between
            lindung nilai dan instrumen lindung nilai.                         the hedged item and the hedging instrument.
        Pengaruh risiko kredit tidak 'mendominasi                         The effect of credit risk does not ‘dominate
            perubahan nilai' yang dihasilkan dari                              the value changes’ that result from that
            hubungan ekonomik tersebut.                                        economic relationship.
        Rasio lindung nilai dari hubungan lindung                         The hedge ratio of the hedging relationship
            nilai adalah rasio yang sama yang dihasilkan                       is the same as that resulting from the
            dari kuantitas item lindung nilaian yang aktual                    quantity of the hedged item that the
            digunakan oleh Perusahaan melindungi nilai                         Company actually hedges and the quantity
            sejumlah kuantitas instrumen lindung nilaian                       of the hedging instrument that the Company
            yang secara aktual digunakan oleh                                  actually uses to hedge that quantity of
            Perusahaan untuk melindungi sejumlah                               hedged item.
            kuantitas item lindung nilaian.




                                                              28

Page 413
                                                                              The original financial statements included herein
                                                                                               are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                       PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                   As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                  the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                           (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                         2. SUMMARY     OF  MATERIAL     ACCOUNTING
   MATERIAL (lanjutan)                                               POLICIES INFORMATION (continued)

  l.   Instrumen Keuangan Derivatif (lanjutan)                      l.   Derivative Financial Instruments (continued)

       Pengakuan dan Pengukuran Awal (lanjutan)                          Initial Recognition and Measurement (continued)

       Lindung nilai yang memenuhi semua kriteria                        Hedges that meet all the qualifying criteria for
       kualifikasian untuk akuntansi lindung nilai yang                  hedge accounting are accounted for, as
       dicatat, seperti yang dijelaskan di bawah ini:                    described below:

       Lindung Nilai atas Nilai Wajar                                    Fair Value Hedges

       Perubahan nilai wajar instrumen lindung nilai                     The change in the fair value of a hedging
       diakui dalam laporan laba rugi sebagai beban                      instrument is recognized in the statement of
       lain-lain. Perubahan nilai wajar item lindung                     profit or loss as other expense. The change in
       nilaian yang disebabkan oleh risiko yang lindung                  the fair value of the hedged item attributable to
       nilai dicatat sebagai bagian dari jumlah tercatat                 the risk hedged is recorded as part of the
       item lindung nilaian dan juga diakui dalam                        carrying value of the hedged item and is also
       laporan laba rugi sebagai beban lain-lain.                        recognized in the statement of profit or loss as
                                                                         other expense.

       Untuk lindung nilai atas nilai wajar terkait dengan               For fair value hedges relating to items carried at
       item yang dicatat pada biaya perolehan                            amortized cost, any adjustment to carrying value
       diamortisasi, setiap penyesuaian jumlah tercatat                  is amortized through profit or loss over the
       diamortisasi melalui laba rugi selama sisa jangka                 remaining term of the hedge using the EIR
       waktu lindung nilai dengan menggunakan                            method.
       metode SBE.

       Amortisasi SBE dapat dimulai segera setelah                       The EIR amortization may begin as soon as an
       penyesuaian terjadi dan tidak lebih dari saat item                adjustment exists and no later than when the
       lindung nilaian tidak lagi disesuaikan dengan                     hedged item ceases to be adjusted for changes
       perubahan nilai wajarnya yang dapat diatribusi                    in its fair value attributable to the risk being
       untuk risiko yang dilindungi nilai.                               hedged.

       Jika    item    lindung   nilaian    dihentikan                   If the hedged item is derecognized, the
       pengakuannya, nilai wajar yang belum                              unamortized fair value is recognized immediately
       diamortisasi langsung segera diakui dalam laba                    in profit or loss.
       rugi.

       Ketika komitmen pasti yang belum diakui                           When an unrecognized firm commitment is
       ditetapkan sebagai item lindung nilaian,                          designated as a hedged item, the subsequent
       perubahan kumulatif selanjutnya dari nilai wajar                  cumulative change in the fair value of the firm
       komitmen pasti yang diatribusikan pada risiko                     commitment attributable to the hedged risk is
       yang dilindungi nilai tersebut diakui sebagai aset                recognized as an asset or liability with a
       atau liabilitas dengan keuntungan atau kerugian                   corresponding gain or loss recognized in profit or
       terkait yang diakui dalam laba rugi.                              loss.

  m. Transaksi dan Saldo dalam Mata Uang Asing                      m. Foreign Currency Transactions and Balances

       Perusahaan     mempertimbangkan         indikator                 The Company considers the primary indicators
       utama dan indikator lainnya dalam menentukan                      and other indicators in determining its functional
       mata uang fungsionalnya, jika ada indikator yang                  currency, if indicators are mixed and the
       tercampur dan mata uang fungsional tidak jelas,                   functional currency is not obvious, management
       manajemen menggunakan penilaian untuk                             uses its judgment to determine the functional
       menentukan mata uang fungsional yang paling                       currency that most faithfully represents the
       tepat menggambarkan pengaruh ekonomi dari                         economic effects of the underlying transactions,
       transaksi,  kejadian     dan    kondisi     yang                  events and conditions.
       mendasarinya.



                                                             29

Page 414
                                                                           The original financial statements included herein
                                                                                            are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                    PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                               the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                        (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                     2. SUMMARY     OF  MATERIAL     ACCOUNTING
   MATERIAL (lanjutan)                                           POLICIES INFORMATION (continued)

  m. Transaksi dan Saldo dalam Mata Uang Asing                  m. Foreign Currency Transactions and Balances
     (lanjutan)                                                    (continued)

      Laporan keuangan disajikan dalam Dolar AS,                    The financial statements are presented in US
      yang merupakan mata uang fungsional                           Dollar, which is the Company’s functional
      Perusahaan. Transaksi dalam mata uang selain                  currency. Transactions in currencies other than
      Dolar AS dicatat ke dalam Dolar AS berdasarkan                US Dollar are recorded in US Dollar amounts at
      nilai tukar yang berlaku pada saat transaksi                  the prevailing exchange rate at the time the
      dilakukan. Pada tanggal laporan posisi                        transactions are conducted. At statement of
      keuangan, aset dan liabilitas moneter dalam                   financial position date, monetary assets and
      mata uang selain Dolar AS disesuaikan ke dalam                liabilities denominated in currencies other than
      mata uang Dolar AS berdasarkan kurs tengah                    US Dollar are adjusted to US Dollar based on
      transaksi Bank Indonesia yang berlaku pada                    Bank Indonesia’s middle rate of transactions
      tanggal tersebut. Laba atau rugi kurs yang                    applicable on that date. The resulting gains or
      terjadi, dikreditkan atau dibebankan pada                     losses are credited or charged to operations of
      operasi tahun berjalan.                                       the current year.

      Pada tanggal 31 Maret 2026 dan 2025, kurs                     As of March 31, 2026 and 2025, the rates of
      terhadap Dolar AS yang digunakan, dihitung                    exchange to US Dollar used, computed by taking
      berdasarkan rata-rata kurs tukar transaksi yang               the average of the transaction exchange rate by
      diterbitkan oleh Bank Indonesia sebagai berikut:              Bank Indonesia, are as follows:

                                      31 Maret 2026/     31 Maret 2025/
                                      March 31, 2026     March 31, 2025
       1 Dolar Singapura (SGD)             0,7757362           0,7479160                         1 Singapore Dollar (SGD)
       1 Yen Jepang (¥JP)                  0,0062586           0,0066492                            1 Japanese Yen (JP¥)
       10.000 Rupiah (Rp)                  0,5884776           0,6028454                               10,000 Rupiah (Rp)
       1 Dolar Australia (AUD)             0,6851006           0,6318507                         1 Australian Dollar (AUD)

  n. Perpajakan                                                  n. Taxation

      Pajak Final                                                   Final Tax

      Sesuai peraturan perpajakan di Indonesia, pajak               In accordance with the tax regulation in
      final dikenakan atas nilai bruto transaksi, dan               Indonesia, final tax is applied to the gross value
      tetap dikenakan walaupun atas transaksi                       of transactions, even when the parties carrying
      tersebut pelaku transaksi mengalami kerugian.                 the transaction recognizing losses.

      Pajak final tersebut tidak termasuk dalam                     Final tax is scope out from PSAK No. 212,
      lingkup yang diatur oleh PSAK No. 212, “Pajak                 “Income Taxes”.
      Penghasilan”.

      Pajak Penghasilan Kini                                        Current Income Tax

      Aset dan liabilitas pajak kini untuk periode                  Current income tax assets and liabilities for the
      berjalan diukur sebesar jumlah yang diharapkan                current period are measured at the amount
      dapat direstitusi dari atau dibayarkan kepada                 expected to be recovered from or paid to the
      otoritas perpajakan. Tarif pajak dan peraturan                taxation authority. The tax rates and tax laws
      pajak yang digunakan untuk menghitung jumlah                  used to compute the amount are those that have
      tersebut adalah yang telah berlaku atau secara                been enacted or substantively enacted as at the
      substantif telah berlaku pada tanggal pelaporan               reporting date in the countries where the
      di negara tempat Perusahaan beroperasi dan                    Company operates and generates taxable
      menghasilkan pendapatan kena pajak.                           income.




                                                         30

Page 415
                                                                            The original financial statements included herein
                                                                                             are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                       PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                   As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                  the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                           (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2. SUMMARY     OF  MATERIAL     ACCOUNTING
   MATERIAL (lanjutan)                                              POLICIES INFORMATION (continued)

  n. Perpajakan (lanjutan)                                          n. Taxation (continued)

      Pajak Penghasilan Kini (lanjutan)                                Current Income Tax (continued)

      Bunga dan denda disajikan sebagai bagian dari                    Interests and penalties are presented as part of
      penghasilan atau beban operasi lain karena                       other operating income or expenses since they
      tidak dianggap sebagai bagian dari beban pajak                   are not considered as part of the income tax
      penghasilan.                                                     expense.

      Pajak penghasilan kini terkait dengan pos-pos                    Current income tax relating to items recognized
      yang diakui secara langsung di ekuitas diakui                    directly in equity is recognized in equity and not
      dalam ekuitas dan bukan dalam laporan laba                       in the statement of profit or loss. Management
      rugi. Manajemen secara berkala mengevaluasi                      periodically evaluates positions taken in the tax
      posisi yang diambil dalam Surat Pemberitahuan                    returns with respect to situations in which
      Tahunan (“SPT”) sehubungan dengan situasi di                     applicable tax regulations are subject to
      mana peraturan perpajakan yang berlaku tunduk                    interpretation and establishes provisions where
      pada interpretasi dan menetapkan ketentuan                       appropriate.
      yang sesuai.

      Sebagai tanggapan terhadap penerapan                             In response to the implementation of the
      kerangka Pilar Dua Organisasi untuk Kerja                        Organization for Economic Co-operation and
      Sama        dan        Pembangunan         Ekonomi               Development (“OECD”) Pillar Two framework, on
      (Organization for Economic Co-operation and                      December 31, 2024, Indonesian Government
      Development       atau "OECD"), pada tanggal                     implemented Pillar Two framework through
      31 Desember 2024, Pemerintah Indonesia                           Ministry       of       Finance        Regulation
      menerapkan kerangka Pilar Dua melalui                            No. 136/2024 (PMK 136/2024). The Pillar Two
      Peraturan Menteri Keuangan No. 136/2024                          model      rules    as      implemented     under
      (PMK 136/2024). Aturan model Pilar Dua                           PMK 136/2024 will take effect for fiscal years
      sebagaimana diterapkan dalam PMK 136/2024                        beginning on or after January 1, 2025. For the
      akan berlaku untuk tahun fiskal yang dimulai                     year ended March 31, 2026, the Company has
      pada atau setelah tanggal 1 Januari 2025. Untuk                  applied amendments to PSAK No. 212, “Income
      tahun      yang       berakhir     pada     tanggal              Taxes”, which provide mandatory temporary
      31 Maret 2026, Perusahaan telah menerapkan                       exception from recognizing or disclosing
      amandemen         PSAK       No.     212,    “Pajak              deferred taxes related to Pillar Two. PMK
      Penghasilan”, yang memberikan pengecualian                       136/2024 applies new taxing mechanisms under
      wajib sementara dari pengakuan atau                              which a Multinational Enterprises (“MNE”) should
      pengungkapan pajak tangguhan terkait Pilar                       pay a top-up tax in a jurisdiction whenever their
      Dua. PMK 136/2024 menerapkan mekanisme                           efective tax rate, determined on a jurisdictional
      perpajakan       baru      yang       mensyaratkan               basis under the Pillar 2, is below a 15% minimum
      Perusahaan Multinasional ("PMN") untuk                           rate.
      membayar pajak tambahan pada yurisdiksi
      tertentu ketika tarif pajak efektif yang ditentukan
      per yurisdiksi menurut Pilar 2 lebih rendah dari
      tarif minimum 15%.

      Pajak Tangguhan                                                  Deferred Tax

      Pajak tangguhan diakui dengan menggunakan                        Deferred tax is provided using the liability method
      metode liabilitas atas perbedaan temporer pada                   on temporary differences at the reporting date
      tanggal pelaporan antara dasar pengenaan                         between the tax bases of assets and liabilities
      pajak dari aset dan liabilitas dan jumlah                        and their carrying amounts for financial reporting
      tercatatnya untuk tujuan pelaporan keuangan                      purposes at the reporting date.
      pada tanggal pelaporan.




                                                            31

Page 416
                                                                           The original financial statements included herein
                                                                                            are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                     PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                 As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                         (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                       2. SUMMARY     OF  MATERIAL     ACCOUNTING
   MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

  n. Perpajakan (lanjutan)                                        n. Taxation (continued)

      Pajak Tangguhan (lanjutan)                                     Deferred Tax (continued)

      Liabilitas pajak tangguhan diakui untuk semua                  Deferred tax liabilities are recognized for all
      perbedaan temporer yang kena pajak, kecuali:                   taxable temporary differences, except:
      i) liabilitas pajak tangguhan yang terjadi dari                i) where the deferred tax liability arises from the
          pengakuan awal goodwill atau dari aset atau                    initial recognition of goodwill or of an asset or
          liabilitas dari transaksi yang bukan transaksi                 liability in a transaction that is not a business
          kombinasi bisnis, dan pada waktu transaksi                     combination and, at the time of the
          tidak memengaruhi laba akuntansi dan laba                      transaction affects neither the accounting
          kena pajak/rugi pajak;                                         profit nor taxable profit or loss;
      ii) dari perbedaan temporer kena pajak atas                    ii) in respect of taxable temporary differences
          investasi pada entitas anak, yang saat                         associated with investments in subsidiaries,
          pembalikannya dapat dikendalikan dan                           when the timing of the reversal of the
          besar kemungkinannya bahwa beda                                temporary differences can be controlled and
          temporer itu tidak akan dibalik dalam waktu                    it is probable that the temporary differences
          dekat.                                                         will not reverse in the foreseeable future.

      Aset pajak tangguhan diakui untuk seluruh                      Deferred tax assets are recognized for all
      perbedaan temporer yang dapat dikurangkan                      deductible temporary differences and carry
      dan akumulasi rugi pajak belum dikompensasi,                   forward of unused tax losses, to the extent that it
      bila kemungkinan besar laba kena pajak akan                    is probable that taxable profits will be available
      tersedia sehingga perbedaan temporer dapat                     against which deductible temporary differences,
      dikurangkan tersebut, dan rugi pajak belum                     and the carry forward of unused tax losses can
      dikompensasi dapat dimanfaatkan, kecuali:                      be utilized, except:
      i) jika aset pajak tangguhan timbul dari                       i) where the deferred tax asset relating to the
           pengakuan awal aset atau liabilitas dalam                     deductible temporary difference arises from
           transaksi yang bukan transaksi kombinasi                      the initial recognition of an asset or liability in
           bisnis, dan pada waktu transaksi tidak                        a transaction that is not a business
           memengaruhi laba akuntansi maupun laba                        combination and, at the time of the
           kena pajak/rugi pajak; atau                                   transaction affects neither the accounting
                                                                         profit nor taxable profit or loss; or
      ii)   dari perbedaan temporer yang dapat                       ii) in respect of deductible temporary
            dikurangkan atas investasi pada entitas                      differences associated with investments in
            anak, aset pajak tangguhan hanya diakui                      subsidiaries, deferred tax assets are
            bila besar kemungkinannya bahwa beda                         recognized only to the extent that it is
            temporer itu tidak akan dibalik dalam waktu                  probable that the temporary differences will
            dekat dan laba kena pajak dapat                              reverse in the foreseeable future and taxable
            dikompensasi dengan beda temporer                            profit will be available against which the
            tersebut.                                                    temporary differences can be utilized.
      Jumlah tercatat aset pajak tangguhan ditelaah                  The carrying amount of a deferred tax asset is
      pada setiap tanggal pelaporan dan diturunkan                   reviewed at each reporting date and reduced to
      apabila laba kena pajak mungkin tidak memadai                  the extent that it is no longer probable that
      untuk mengkompensasi sebagian atau semua                       sufficient taxable profit will be available to allow
      manfaat aset pajak tangguhan. Aset pajak                       all or part of the benefit of that deferred tax asset
      tangguhan yang tidak diakui ditinjau ulang pada                to be utilized. Unrecognized deferred tax assets
      setiap tanggal pelaporan dan akan diakui                       are reassessed at each reporting date and are
      apabila besar kemungkinan bahwa laba kena                      recognized to the extent that it has become
      pajak pada masa yang akan datang akan                          probable that future taxable profit will allow the
      tersedia untuk pemulihannya.                                   deferred tax assets to be recovered.

      Aset dan liabilitas pajak tangguhan diukur                     Deferred tax assets and liabilities are measured
      dengan menggunakan tarif pajak yang                            at the tax rates that are expected to apply to the
      diharapkan akan berlaku pada tahun saat aset                   year when the asset is realized or the liability is
      dipulihkan    atau    liabilitas diselesaikan                  settled, based on tax rates and tax laws that have
      berdasarkan tarif pajak dan peraturan pajak                    been enacted or substantively enacted as at the
      yang berlaku atau yang secara substantif telah                 reporting date.
      berlaku pada tanggal pelaporan.
                                                           32

Page 417
                                                                           The original financial statements included herein
                                                                                            are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                      PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                  As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                 the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                          (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                       2. SUMMARY     OF  MATERIAL      ACCOUNTING
   MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

  n. Perpajakan (lanjutan)                                         n. Taxation (continued)

      Pajak Tangguhan (lanjutan)                                      Deferred Tax (continued)

      Pajak tangguhan terkait dengan pos-pos yang                     Deferred tax relating to items recognized outside
      diakui di luar laba rugi diakui di luar laba rugi.              profit or loss is recognized outside profit or loss.
      Item pajak tangguhan diakui sesuai dengan                       Deferred tax items are recognized in correlation
      transaksi yang mendasarinya baik di PKL                         to the underlying transaction either in OCI or
      maupun secara langsung di ekuitas.                              directly in equity.

      Manfaat pajak yang diperoleh sebagai bagian                     Tax benefits acquired as part of a business
      dari kombinasi bisnis, tetapi tidak memenuhi                    combination, but not satisfying the criteria for
      kriteria untuk pengakuan terpisah pada tanggal                  separate recognition at that date, are recognised
      tersebut, diakui selanjutnya jika informasi baru                subsequently if new information about facts and
      tentang      fakta    dan    keadaan    berubah.                circumstances change. The adjustment is either
      Penyesuaian tersebut diperlakukan sebagai                       treated as a reduction in goodwill (as long as it
      pengurangan goodwill (selama tidak melebihi                     does not exceed goodwill) if it was incurred
      goodwill) jika terjadi selama periode pengukuran                during the measurement period or recognized in
      atau diakui dalam laba rugi.                                    profit or loss.

      Perusahaan melakukan saling hapus aset pajak                    The Company offsets deferred tax assets and
      tangguhan dan liabilitas pajak tangguhan jika,                  deferred tax liabilities if, and only, if it has a
      dan hanya jika, memiliki hak yang berkekuatan                   legally enforceable right to set off current tax
      hukum untuk saling hapus aset pajak kini dan                    assets and current tax liabilities and the deferred
      liabilitas pajak kini dan aset pajak tangguhan dan              tax assets and deferred tax liabilities relate to
      liabilitas pajak tangguhan terkait dengan pajak                 income taxes levied by the same taxation
      penghasilan yang dikenakan oleh otoritas                        authority on either the same taxable entity or
      perpajakan yang sama baik atas entitas kena                     different taxable entities which intend either to
      pajak yang sama atau entitas kena pajak yang                    settle current tax liabilities and assets on a net
      berbeda yang bermaksud untuk menyelesaikan                      basis, or to realize the assets and settle the
      liabilitas dan aset pajak kini secara neto, atau                liabilities simultaneously, in each future period in
      untuk merealisasikan aset dan menyelesaikan                     which significant amounts of deferred tax
      liabilitas secara bersamaan, pada setiap periode                liabilities or assets are expected to be settled or
      masa depan di mana jumlah liabilitas atau aset                  recovered.
      pajak tangguhan yang signifikan diharapkan
      untuk diselesaikan atau dipulihkan.

      Pajak Pertambahan Nilai (“PPN”)                                 Value Added Tax (“VAT”)

      Pendapatan, beban-beban dan aset-aset diakui                    Revenue, expenses and assets are recognized
      neto atas jumlah PPN kecuali:                                   net of the amount of VAT except:
      - PPN yang muncul dari pembelian aset atau                      - VAT incurred on a purchase of assets or
          jasa yang tidak dapat dikreditkan, yang                         services is not recoverable, in which case
          dalam hal ini PPN diakui sebagai bagian dari                    the VAT is recognized as part of the cost of
          biaya perolehan aset atau sebagai bagian                        acquisition of the asset or as part of the
          dari item beban-beban yang terkait; dan                         expense item as applicable; and
      - piutang dan utang yang disajikan termasuk                     - receivables and payables are stated with the
          dengan jumlah PPN.                                              amount of VAT included.

      Jumlah PPN neto yang terpulihkan dari, atau                     The net amount of VAT recoverable from, or
      terutang kepada, kantor pajak termasuk sebagai                  payable to, the taxation authorities is included as
      bagian dari piutang atau utang pada laporan                     part of receivables or payables in the statement
      posisi keuangan.                                                of financial position.




                                                           33

Page 418
                                                                            The original financial statements included herein
                                                                                             are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                       PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                   As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                  the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                           (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                         2. SUMMARY     OF  MATERIAL     ACCOUNTING
   MATERIAL (lanjutan)                                               POLICIES INFORMATION (continued)

  o. Laba per Saham Dasar                                           o. Basic Earnings per Share

      Laba per saham dasar dihitung dengan                             Basic earnings per share is computed by dividing
      membagi laba tahun berjalan dengan jumlah                        the profit for the year with the weighted-average
      rata-rata tertimbang saham yang beredar pada                     number of the shares outstanding during the year.
      tahun yang bersangkutan. Jumlah rata-rata                        The weighted-average number of shares
      tertimbang saham yang beredar untuk tahun                        outstanding       for    the      years     ended
      yang berakhir pada tanggal-tanggal 31 Maret                      March 31, 2026 and 2025 is 840,000,000 shares.
      2026 dan 2025 sejumlah 840.000.000 saham.

      Perusahaan tidak mempunyai efek berpotensi                       As of March 31, 2026 and 2025, the Company has
      saham biasa yang bersifat dilutif pada tanggal                   no outstanding potential dilutive ordinary shares.
      31 Maret 2026 dan 2025, dan oleh karenanya,                      Accordingly, no diluted earnings per share is
      laba per saham dilusian tidak dihitung dan                       calculated and presented in the statement of profit
      disajikan pada laporan laba rugi dan                             or loss and other comprehensive income.
      penghasilan komprehensif lain.

  p. Informasi Segmen                                               p. Segment Information

      Untuk tujuan manajemen, Perusahaan dibagi                        For management purposes, the Company is
      menjadi dua segmen operasi berdasarkan                           organized into two operating segments based on
      usaha dan geografis yang dikelola secara                         their business and geographical location which
      independen oleh masing-masing pengelola                          are independently managed by the respective
      segmen yang bertanggung jawab atas kinerja                       segment managers          responsible     for  the
      dari masing-masing segmen. Para pengelola                        performance of the respective segments under
      segmen melaporkan secara langsung kepada                         their charge. The segment managers report
      manajemen Perusahaan yang secara teratur                         directly to the management who regularly review
      mengkaji laba segmen sebagai dasar untuk                         the segment results in order to allocate resources
      mengalokasikan sumber daya ke masing-                            to the segments and to assess the segment
      masing segmen dan untuk menilai kinerja                          performance.
      segmen.

      Pengungkapan tambahan pada masing-masing                         Additional disclosures on each of these segments
      segmen terdapat dalam Catatan 34, termasuk                       are shown in Note 34, including the factors used
      faktor yang digunakan untuk mengidentifikasi                     to identify the reportable segments and the
      segmen yang dilaporkan dan dasar pengukuran                      measurement basis of segment information.
      informasi segmen.

  q. Provisi                                                        q. Provision

      Provisi diakui jika Perusahaan memiliki                          Provisions are recognized when the Company
      kewajiban kini (baik bersifat hukum maupun                       has a present obligation (legal or constructive)
      bersifat konstruktif) jika, sebagai akibat peristiwa             where, as a result of a past event, it is probable
      masa lalu, besar kemungkinan penyelesaian                        that an outflow of resources embodying economic
      kewajiban tersebut mengakibatkan arus keluar                     benefits will be required to settle the obligation
      sumber daya mengandung manfaat ekonomi                           and a reliable estimate can be made of the
      dan total kewajiban dapat diestimasi secara                      amount of the obligation.
      andal.

      Provisi ditelaah pada setiap akhir periode                       Provisions are reviewed at the end of each
      pelaporan        dan      disesuaikan   untuk                    reporting period and adjusted to reflect the
      mencerminkan estimasi terbaik yang paling kini.                  current best estimate. If it is no longer probable
      Jika arus keluar sumber daya untuk                               that an outflow of resources embodying economic
      menyelesaikan kewajiban kemungkinan besar                        benefits will be required to settle the obligation,
      tidak terjadi, maka provisi dibatalkan.                          the provision is reversed.




                                                             34

Page 419
                                                                          The original financial statements included herein
                                                                                           are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                   PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                               As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                              the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                       (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                   Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                    2. SUMMARY     OF  MATERIAL     ACCOUNTING
   MATERIAL (lanjutan)                                          POLICIES INFORMATION (continued)

  r. Peristiwa setelah Periode Pelaporan                        r.   Events after the Reporting Period

      Peristiwa setelah akhir periode/tahun yang                     Post period/year-end events that provide
      memberikan tambahan informasi mengenai                         additional information about the Company’s
      posisi keuangan Perusahaan pada tanggal                        financial position at the reporting date (adjusting
      pelaporan (peristiwa penyesuai), jika ada,                     events), if any, are reflected in the financial
      dicerminkan dalam laporan keuangan. Peristiwa                  statements. Post period/year-end events that are
      setelah akhir periode/tahun yang bukan                         not adjusting events are disclosed in the notes to
      peristiwa penyesuai diungkapkan dalam catatan                  the financial statements when material.
      atas laporan keuangan jika material.

  s. Standar Akuntansi yang telah Diterbitkan                   s. Accounting Standards Issued but not yet
     namun Belum Berlaku Efektif                                   Effective

      Standar akuntansi yang telah diterbitkan sampai                The accounting standards that have been issued
      tanggal    penerbitan     laporan     keuangan                 up to the date of issuance of the Company’s
      Perusahaan namun belum berlaku efektif                         financial statements, but not yet effective are
      diungkapkan berikut ini. Manajemen bermaksud                   disclosed below. The management intends to
      untuk menerapkan standar-standar tersebut                      adopt these standards that are considered
      yang    dipertimbangkan     relevan    terhadap                relevant to the Company when they become
      Perusahaan pada saat efektif, dan dampaknya                    effective, and the impact to the financial position
      terhadap posisi dan kinerja keuangan                           and performance of the Company is still being
      Perusahaan masih diestimasi pada tanggal                       estimated as of June 30, 2026:
      30 Juni 2026:

      Mulai efektif pada atau setelah tanggal                        Effective    beginning          on      or      after
      1 Januari 2026                                                 January 1, 2026

      Amendemen PSAK No. 109 dan PSAK No. 107,                       Amendments to PSAK No. 109 and PSAK
      “Klasifikasi dan Pengukuran   Instrumen                        No. 107, “Classification and Measurement of
      Keuangan”                                                      Financial Instruments”

      Amandemen tersebut mencakup klarifikasi atas                   The amendments includes a clarification that a
      suatu    liabilitas  keuangan       dihentikan                 financial liability is derecognised on the ‘settlement
      pengakuannya pada “tanggal penyelesaian”                       date’ and the introduction of an accounting policy
      serta memperkenalkan pilihan kebijakan                         choice (if specific conditions are met) to
      akuntansi (apabila kondisi tertentu terpenuhi)                 derecognize financial liabilities settled using an
      untuk menghentikan pengakuan liabilitas                        electronic payment system before the settlement
      keuangan yang diselesaikan melalui sistem                      date.
      pembayaran elektronik sebelum tanggal
      penyelesaian.

      Selain itu, panduan tambahan ditambahkan                       Further, additional guidance is added on how the
      mengenai bagaimana arus kas kontraktual untuk                  contractual cash flows for financial assets with
      aset keuangan dengan fitur lingkungan, sosial,                 Environmental, Social and Corporate Governance
      dan tata kelola perusahaan (“LST”) serta fitur                 (“ESG”) and similar features should be assessed.
      serupa harus dinilai. Amandemen tersebut juga                  The amendments also clarifies what constitute
      mengklarifikasi apa saja yang merupakan fitur                  ‘non-recourse features’ and what are the
      non-recourse dan karakteristik instrumen yang                  characteristics of contractually linked instruments.
      terkait   secara    kontraktual.  Selain   itu,                The amendments also introduces of disclosures for
      amandemen        tersebut     memperkenalkan                   financial instruments with contingent features and
      persyaratan pengungkapan untuk instrumen                       additional disclosure requirements for equity
      keuangan dengan fitur kontinjensi serta                        instruments classified at fair value through Other
      persyaratan pengungkapan tambahan untuk                        Comprehensive Income (“OCI”).
      instrumen ekuitas yang diklasifikasikan pada
      nilai wajar melalui Penghasilan Komprehensif
      Lain (“PKL”).


                                                        35

Page 420
                                                                        The original financial statements included herein
                                                                                         are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                   PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                               As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                              the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                       (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                   Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                    2. SUMMARY     OF  MATERIAL     ACCOUNTING
   MATERIAL (lanjutan)                                          POLICIES INFORMATION (continued)

  s. Standar Akuntansi yang telah Diterbitkan                   s. Accounting Standards Issued but not yet
     namun Belum Berlaku Efektif (lanjutan)                        Effective (continued)

      Standar akuntansi yang telah diterbitkan sampai              The accounting standards that have been issued
      tanggal    penerbitan     laporan     keuangan               up to the date of issuance of the Company’s
      Perusahaan namun belum berlaku efektif                       financial statements, but not yet effective are
      diungkapkan berikut ini. Manajemen bermaksud                 disclosed below. The management intends to
      untuk menerapkan standar-standar tersebut                    adopt these standards that are considered
      yang    dipertimbangkan     relevan    terhadap              relevant to the Company when they become
      Perusahaan pada saat efektif, dan dampaknya                  effective, and the impact to the financial position
      terhadap posisi dan kinerja keuangan                         and performance of the Company is still being
      Perusahaan masih diestimasi pada tanggal                     estimated as of June 30, 2026: (continued)
      30 Juni 2026: (lanjutan)

      Mulai efektif pada atau setelah tanggal                      Effective    beginning    on            or      after
      1 Januari 2026 (lanjutan)                                    January 1, 2026 (continued)

      Amendemen PSAK No. 109 dan PSAK No. 107,                     Amendments to PSAK No. 109 and PSAK
      “Klasifikasi dan     Pengukuran Instrumen                    No. 107, “Classification and Measurement of
      Keuangan” (lanjutan)                                         Financial Instruments” (continued)

      Amandemen tersebut berlaku efektif untuk                     The Amendments are effective for annual
      periode tahunan yang dimulai pada atau setelah               periods starting on or after January 1, 2026 with
      1 Januari 2026, dengan penerapan dini                        early adoption permitted for classification of
      diperkenankan hanya untuk klasifikasi aset                   financial assets and related disclosures only.
      keuangan      dan    pengungkapan      terkait.              The Company does not anticipate that the
      Perusahaan tidak memperkirakan bahwa                         amendments will have a material effect on the
      amandemen tersebut akan memberikan dampak                    Company’s financial statements.
      material    terhadap    laporan     keuangan
      Perusahaan.

      Penyesuaian tahunan 2024                                     Annual Improvements 2024

      DSAK IAI menerbitkan Penyesuaian Tahunan                     The DSAK IAI issued Annual Improvements
      2024 SAK Indonesia yang mencakup klarifikasi,                2024 to SAK Indonesia, which include
      penyederhanaan, koreksi atau perubahan untuk                 clarifications, simplifications, corrections or
      meningkatkan konsistensi dalam PSAK No. 107,                 changes to improve consistency in PSAK
      “Instrumen Keuangan: Pengungkapan”, PSAK                     No. 107, “Financial instruments: Disclosure”,
      No. 109, “Instrumen Keuangan”, PSAK No. 110,                 PSAK No. 109, “Financial Instruments”, PSAK
      “Laporan Keuangan Konsolidasian”, dan PSAK                   No. 110, “Consolidated Financial Statements”
      No. 207, “Laporan Arus Kas”. Amandemen                       and PSAK No. 207, “Statements of Cash Flows”.
      tersebut akan berlaku efektif untuk periode                  The amendments will be effective for reporting
      pelaporan yang dimulai pada atau setelah                     periods beginning on or after January 1, 2026.
      1 Januari 2026. Penerapan lebih awal                         Earlier application is permitted and must be
      diperkenankan      dan    harus    diungkapkan.              disclosed. The amendments are not expected to
      Amandemen        tersebut    tidak   diharapkan              have a material impact on the Company’s
      menimbulkan dampak material terhadap laporan                 financial statements.
      keuangan Perusahaan.




                                                        36

Page 421
                                                                        The original financial statements included herein
                                                                                         are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                   PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                               As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                              the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                       (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                   Unless Otherwise Stated)


2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                    2. SUMMARY     OF  MATERIAL     ACCOUNTING
   MATERIAL (lanjutan)                                          POLICIES INFORMATION (continued)

  s. Standar Akuntansi yang telah Diterbitkan                   s. Accounting Standards Issued but not yet
     namun Belum Berlaku Efektif (lanjutan)                        Effective (continued)

      Standar akuntansi yang telah diterbitkan sampai              The accounting standards that have been issued
      tanggal    penerbitan     laporan     keuangan               up to the date of issuance of the Company’s
      Perusahaan namun belum berlaku efektif                       financial statements, but not yet effective are
      diungkapkan berikut ini. Manajemen bermaksud                 disclosed below. The management intends to
      untuk menerapkan standar-standar tersebut                    adopt these standards that are considered
      yang    dipertimbangkan     relevan    terhadap              relevant to the Company when they become
      Perusahaan pada saat efektif, dan dampaknya                  effective, and the impact to the financial position
      terhadap posisi dan kinerja keuangan                         and performance of the Company is still being
      Perusahaan masih diestimasi pada tanggal                     estimated as of June 30, 2026: (continued)
      30 Juni 2026: (lanjutan)

      Mulai efektif pada atau setelah 1 Januari 2027               Effective beginning on or after January 1, 2027

      PSAK No. 118, “Penyajian dan Pengungkapan                    PSAK No. 118, “Presentation and Disclosure in
      dalam Laporan Keuangan”                                      Financial Statements”

      PSAK No. 118 akan menggantikan PSAK                          PSAK No. 118 will replace PSAK No. 201. The
      No. 201. Standar baru ini memperkenalkan                     new standard introduces new requirements for
      persyaratan baru terkait penyajian dalam                     presentation within the statement of profit or loss,
      laporan laba rugi, termasuk total dan subtotal               including specified totals and subtotals.
      tertentu. Selain itu, entitas diwajibkan untuk               Furthermore, entities are required to classify all
      mengklasifikasikan seluruh pendapatan dan                    income and expenses within the statement of
      beban dalam laporan laba rugi ke dalam salah                 profit or loss into one of five categories:
      satu dari lima kategori: operasi, investasi,                 operating, investing, financing, income taxes and
      pendanaan, pajak penghasilan, dan operasi                    discontinued operations.
      yang dihentikan.

      Standar ini juga mensyaratkan pengungkapan                   The standard requires disclosure of newly
      ukuran kinerja yang didefinisikan manajemen,                 defined    management-defined   performance
      subtotal pendapatan dan beban, serta                         measures, subtotals of income and expenses,
      mencakup persyaratan baru terkait agregasi dan               and it also includes new requirements for
      disagregasi informasi keuangan.                              aggregation and disaggregation of financial
                                                                   information.

      PSAK No. 118 berlaku efektif untuk periode                   PSAK No. 118 are effective for reporting periods
      pelaporan yang dimulai pada atau setelah                     beginning on or after January 1, 2027, but earlier
      1 Januari 2027, dengan penerapan dini                        application is permitted and must be disclosed.
      diperkenankan dan harus diungkapkan. PSAK                    PSAK No. 118 will apply retrospectively.
      No. 118 akan diterapkan secara retrospektif.

      Perusahaan saat ini sedang mengidentifikasi                  The Company is currently working to identify all
      seluruh dampak yang akan timbul atas laporan                 impacts the amendments will have on the
      keuangan utama dan catatan atas laporan                      primary financial statements and notes to the
      keuangan terkait implementasi amandemen                      financial statements.
      tersebut.




                                                        37

Page 422
                                                                          The original financial statements included herein
                                                                                           are in the Indonesian language.

        PT HEXINDO ADIPERKASA Tbk                                    PT HEXINDO ADIPERKASA Tbk
    CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Maret 2026 dan untuk                                As of March 31, 2026 and for
  Tahun yang Berakhir pada Tanggal Tersebut                               the Year then Ended
    (Disajikan dalam Dolar Amerika Serikat,                        (Expressed in United States Dollar,
            Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)


3. PERTIMBANGAN, ESTIMASI DAN                ASUMSI           3. SIGNIFICANT ACCOUNTING JUDGEMENTS,
   AKUNTANSI YANG SIGNIFIKAN                                     ESTIMATES AND ASSUMPTIONS

  Penyusunan laporan keuangan Perusahaan                        The preparation of the Company’s financial
  mensyaratkan      manajemen         untuk  membuat            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, assets
  pendapatan, beban, aset dan liabilitas, serta                 and liabilities, and the disclosure of contingent
  pengungkapan atas liabilitas kontinjensi, pada akhir          liabilities, at the end of the reporting period.
  tahun     pelaporan.      Ketidakpastian   mengenai           Uncertainty about these judgments, assumptions
  pertimbangan, asumsi dan estimasi tersebut dapat              and estimates could result in outcomes that require
  mengakibatkan penyesuaian material terhadap nilai             a material adjustment to the carrying amounts of the
  tercatat aset dan liabilitas dalam periode pelaporan          assets and liabilities affected in future reporting
  berikutnya.                                                   periods.

  Pertimbangan                                                  Judgments

  Pertimbangan berikut ini dibuat oleh manajemen                The following judgments are made by management
  dalam rangka penerapan kebijakan akuntansi                    in the process of applying the Company’s accounting
  Perusahaan yang memiliki pengaruh paling                      policies that have the most significant effects on the
  signifikan atas jumlah yang diakui dalam laporan              amounts recognized in the financial statements:
  keuangan:

  Penentuan Mata Uang Fungsional                                Determination of Functional Currency

  Mata uang fungsional dari Perusahaan adalah mata              The functional currency of the Company is the
  uang dari lingkungan ekonomi primer dimana                    currency of the primary economic environment in
  Perusahaan beroperasi. Manajemen menentukan                   which the Company operates. Management
  bahwa mata uang fungsional Perusahaan adalah                  determined that the functional currency of the
  Dolar AS. Mata uang tersebut adalah mata uang                 Company is US Dollar. It is the currency that mainly
  yang memengaruhi pendapatan dan beban dari jasa               influences the revenue and cost of rendering
  yang diberikan.                                               services.

  Pengukuran Nilai Wajar                                        Fair Value Measurement

  Ketika nilai wajar dari aset dan liabilitas keuangan          When the fair value of financial assets and liabilities
  dicatat dalam laporan posisi keuangan tidak dapat             recorded in the statement of financial position cannot
  diambil dari pasar yang aktif, maka nilai wajarnya            be derived from active markets, their fair value is
  ditentukan dengan menggunakan teknik penilaian.               determined using valuation techniques. The inputs to
  Masukan untuk model tersebut dapat diambil dari               these models are taken from observable markets
  pasar yang dapat diobservasi, tetapi apabila hal ini          where possible, but where this is not feasible, a
  tidak dimungkinkan, sebuah tingkat pertimbangan               degree of judgment is required in establishing fair
  disyaratkan dalam menetapkan nilai wajar.                     values. The judgments include considerations of
  Pertimbangan tersebut mencakup penggunaan                     inputs, such as liquidity risk, credit risk and volatility.
  masukan seperti risiko likuiditas, risiko kredit dan          Changes in assumptions about these factors could
  volatilitas. Perubahan dalam asumsi mengenai                  affect the reported fair value of financial instruments.
  faktor-faktor tersebut dapat memengaruhi nilai wajar
  dari instrumen keuangan yang dilaporkan.

  Opsi Pembaruan dan Penghentian dalam Kontrak -                Lease Term of Contracts with Renewal and
  Perusahaan Sebagai Penyewa                                    Termination Options - the Company as a Lessee

  Perusahaan menentukan masa sewa sesuai masa                   The Company determines the lease term as the non-
  sewa yang tidak dapat terbatalkan, ditambah dengan            cancellable term of the lease, together with any
  setiap periode yang dicakup oleh opsi untuk                   periods covered by an option to extend the lease if it
  memperpanjang sewa jika cukup pasti untuk                     is reasonably certain to be exercised, or any periods
  mengeksekusi, atau setiap periode yang dicakup                covered by an option to terminate the lease, if it is
  oleh opsi untuk menghentikan sewa, jika cukup pasti           reasonably certain not to be exercised.
  untuk tidak mengeksekusi opsi tersebut.



                                                         38

Page 423
                                                                          The original financial statements included herein
                                                                                           are in the Indonesian language.

        PT HEXINDO ADIPERKASA Tbk                                     PT HEXINDO ADIPERKASA Tbk
    CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Maret 2026 dan untuk                                 As of March 31, 2026 and for
  Tahun yang Berakhir pada Tanggal Tersebut                                the Year then Ended
    (Disajikan dalam Dolar Amerika Serikat,                         (Expressed in United States Dollar,
            Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


3. PERTIMBANGAN, ESTIMASI DAN ASUMSI                           3. SIGNIFICANT ACCOUNTING JUDGEMENTS,
   AKUNTANSI YANG SIGNIFIKAN (lanjutan)                           ESTIMATES AND ASSUMPTIONS (continued)

  Pertimbangan (lanjutan)                                        Judgments (continued)

  Opsi Pembaruan dan Penghentian dalam Kontrak -                 Lease Term of Contracts with Renewal and
  Perusahaan Sebagai Penyewa (lanjutan)                          Termination Options - the Company as a Lessee
                                                                 (continued)

  Perusahaan memiliki kontrak sewa yang mencakup                 The Company has lease contract that include
  opsi perpanjangan dan terminasi. Perusahaan                    extension and termination options. The Company
  menerapkan pertimbangan dalam mengevaluasi                     applies judgement in evaluating whether it is
  apakah secara wajar akan menggunakan opsi untuk                reasonably certain to exercise the option to renew or
  memperbarui atau mengakhiri sewa. Perusahaan                   terminate the lease or not. The Company considers
  mempertimbangkan semua faktor relevan yang                     all relevant factors that create an economic incentive
  membentuk insentif ekonomi untuk melakukan                     for them to exercise either the renewal or termination.
  pembaruan atau penghentian. Setelah tanggal                    After the commencement date, the Company
  permulaan, Perusahaan menilai kembali masa sewa                reassesses the lease term if there is a significant
  jika terdapat peristiwa atau perubahan signifikan              event or change in circumstances that is within its
  yang berada dalam kendalinya dan memengaruhi                   control and affects its ability to exercise or not to
  kemampuannya untuk menjalankan atau tidak                      exercise the option to renew or to terminate.
  menggunakan opsi untuk memperbarui atau untuk
  mengakhiri.

  Pengungkapan lebih lanjut mengenai sewa terdapat               Further disclosures of leases are made in Note 11.
  pada Catatan 11.

  Tagihan dan Keberatan atas Hasil Pemeriksaan                   Claims for Tax Refund and Tax Assessments Under
  Pajak                                                          Appeal

  Berdasarkan peraturan perpajakan yang berlaku                  Based on the tax regulations currently enacted, the
  saat ini, manajemen mempertimbangkan apakah                    management judges if the amounts recorded under
  jumlah yang tercatat dalam akun di atas dapat                  the above account are recoverable and refundable
  dipulihkan dan dikembalikan oleh Kantor Pajak.                 by the Tax Office.

  Penjelasan lebih lanjut atas akun ini diungkapkan              Further explanations regarding this account are
  pada Catatan 13.                                               provided in Note 13.

  Perpajakan                                                     Taxes

  Ketidakpastian atas interpretasi dari peraturan pajak          Uncertainties exist with respect to the interpretation
  yang kompleks, perubahan peraturan pajak dan                   of complex tax regulations, changes in tax laws, and
  jumlah dan timbulnya penghasilan kena pajak di                 the amount and timing of future taxable income,
  masa depan, dapat menyebabkan penyesuaian di                   could necessitate future adjustments to tax income
  masa depan atas penghasilan dan beban pajak yang               and expense already recorded.
  telah dicatat.

  Pertimbangan juga dilakukan dalam menentukan                   Judgment is also involved in determining the
  penyisihan atas pajak penghasilan badan. Terdapat              provision for corporate income tax. There are certain
  transaksi dan perhitungan tertentu yang penentuan              transactions and computation for which the ultimate
  pajak akhirnya adalah tidak pasti sepanjang kegiatan           tax determination is uncertain during the ordinary
  usaha normal.                                                  course of business.

  Perusahaan mengakui liabilitas atas pajak                      The Company recognizes liabilities for expected
  penghasilan badan berdasarkan estimasi apakah                  corporate income tax issues based on estimates of
  akan terdapat tambahan pajak penghasilan badan.                whether additional corporate income tax will be due.

  Penjelasan lebih rinci mengenai utang pajak                    Further details regarding income tax payables are
  penghasilan diungkapkan dalam Catatan 18b.                     disclosed in Note 18b.



                                                          39

Page 424
                                                                           The original financial statements included herein
                                                                                            are in the Indonesian language.

        PT HEXINDO ADIPERKASA Tbk                                     PT HEXINDO ADIPERKASA Tbk
    CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Maret 2026 dan untuk                                 As of March 31, 2026 and for
  Tahun yang Berakhir pada Tanggal Tersebut                                the Year then Ended
    (Disajikan dalam Dolar Amerika Serikat,                         (Expressed in United States Dollar,
            Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


3. PERTIMBANGAN, ESTIMASI DAN ASUMSI                           3. SIGNIFICANT ACCOUNTING JUDGEMENTS,
   AKUNTANSI YANG SIGNIFIKAN (lanjutan)                           ESTIMATES AND ASSUMPTIONS (continued)

  Estimasi dan Asumsi                                            Estimates and Assumptions

  Asumsi utama masa depan dan sumber utama                       The key assumptions concerning the future and other
  estimasi ketidakpastian lain pada tanggal pelaporan            key sources of uncertainty of estimation at the
  yang memiliki risiko signifikan bagi penyesuaian               reporting date that have a significant risk of causing
  yang material terhadap nilai tercatat aset dan                 material adjustments to the carrying amounts of
  liabilitas untuk tahun berikutnya diungkapkan di               assets and liabilities within the next financial year are
  bawah ini. Perusahaan mendasarkan asumsi dan                   disclosed below. The Company based its
  estimasi pada parameter yang tersedia pada saat                assumptions and estimates on parameters available
  laporan keuangan disusun. Asumsi dan situasi                   when the financial statements were prepared.
  mengenai perkembangan masa depan mungkin                       Existing circumstances and assumptions about
  berubah akibat perubahan pasar atau situasi di luar            future developments may change due to market
  kendali      Perusahaan.     Perubahan      tersebut           changes or circumstances arising beyond the control
  dicerminkan dalam asumsi terkait pada saat                     of the Company. Such changes are reflected in the
  terjadinya.                                                    assumptions when they occur.

  Penyisihan atas Penurunan Nilai Piutang Usaha                  Allowance for Impairment of Trade Receivables

  Perusahaan menetapkan estimasi penyisihan                      The Company estimates impairment allowance for
  penurunan nilai piutang usaha menggunakan                      trade receivables using simplified approach of ECL.
  pendekatan yang disederhanakan dari KKE. Matriks               A provision matrix is used to determine ECL for trade
  provisi digunakan untuk menghitung KKE untuk                   receivables, where the provision rates are based on
  piutang usaha. Tarif provisi didasarkan pada hari              days past due for groupings of various customer
  tunggakan untuk pengelompokan berbagai segmen                  segments that have similar loss patterns.
  pelanggan yang memiliki pola kerugian serupa.

  Matriks provisi awalnya didasarkan pada riwayat                The provision matrix is initially based on the
  tingkat kerugian pelanggan. Perusahaan akan                    customers historical observed loss rates. The
  melakukan penyesuaian pengalaman kerugian                      Company will adjust the historical observed loss
  historis dengan informasi berwawasan ke depan.                 experience with forward-looking information. For
  Misalnya, jika prakiraan kondisi ekonomi yang terkait          instance, if forecast economic conditions closely
  erat dengan riwayat tingkat kerugian diperkirakan              related to the historical observed loss are expected
  akan memburuk pada tahun berikutnya yang dapat                 to deteriorate over the next year which can lead to an
  menyebabkan peningkatan jumlah gagal bayar pada                increased number of defaults in the sectors where
  sektor-sektor pelanggan beroperasi, riwayat tingkat            customers are operating, the historical losses are
  kerugian disesuaikan. Pada setiap tanggal                      adjusted accordingly. At every reporting date, the
  pelaporan, riwayat tingkat gagal bayar yang diamati            historical observed loss rates are updated and
  diperbarui dan perubahan dalam estimasi                        changes in the forward-looking estimates are
  berwawasan ke depan dianalisis.                                analyzed.

  Evaluasi atas korelasi antara tingkat gagal bayar              The assessment of the correlation between historical
  yang diamati secara historis, prakiraan kondisi                observed loss rates, forecast economic conditions
  ekonomi dan KKE, adalah estimasi signifikan.                   and ECLs, is a significant estimate. The amount of
  Jumlah KKE sensitif terhadap perubahan keadaan                 ECLs is sensitive to changes in circumstances and
  dan prakiraan kondisi ekonomi. Kerugian kredit                 of forecast economic conditions. The Company’s
  historis Perusahaan dan perkiraan kondisi ekonomi              historical observed loss rate and forecast of
  mungkin tidak mewakili tingkat gagal bayar                     economic conditions may not be representative of
  pelanggan aktual di masa depan.                                customer’s actual default in the future.




                                                          40

Page 425
                                                                           The original financial statements included herein
                                                                                            are in the Indonesian language.

        PT HEXINDO ADIPERKASA Tbk                                      PT HEXINDO ADIPERKASA Tbk
    CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Maret 2026 dan untuk                                  As of March 31, 2026 and for
  Tahun yang Berakhir pada Tanggal Tersebut                                 the Year then Ended
    (Disajikan dalam Dolar Amerika Serikat,                          (Expressed in United States Dollar,
            Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


3. PERTIMBANGAN, ESTIMASI DAN ASUMSI                            3. SIGNIFICANT ACCOUNTING JUDGEMENTS,
   AKUNTANSI YANG SIGNIFIKAN (lanjutan)                            ESTIMATES AND ASSUMPTIONS (continued)

  Estimasi dan Asumsi (lanjutan)                                  Estimates and Assumptions (continued)

  Penyisihan atas Penurunan Nilai Piutang Usaha                   Allowance for Impairment of Trade Receivables
  (lanjutan)                                                      (continued)

  Evaluasi Kolektif                                               Collective Assessment

  Bila Perusahaan memutuskan bahwa tidak terdapat                 If the Company determines that no objective
  bukti obyektif atas penurunan nilai pada evaluasi               evidence of impairment exists for an individually
  individual atas piutang usaha, baik yang nilainya               assessed trade receivables, whether significant or
  signifikan       maupun          tidak,    Perusahaan           not, it includes the asset in a Company of trade
  menyertakannya dalam kelompok piutang usaha                     receivables with similar credit risk characteristics and
  dengan risiko kredit yang serupa karakteristiknya               collectively assesses them for impairment. The
  dan melakukan evaluasi kolektif atas penurunan                  characteristics chosen are relevant to the estimation
  nilai. Karakteristik yang dipilih memengaruhi estimasi          of future cash flows for groups of such trade
  arus kas masa depan atas kelompok piutang usaha                 receivables by being indicative of the customers’
  tersebut     karena     merupakan       indikasi  bagi          ability to pay all amounts due.
  kemampuan pelanggan untuk melunasi jumlah
  terutang.

  Arus kas masa depan pada kelompok piutang usaha                 Future cash flows in a group of trade receivables that
  yang dievaluasi secara kolektif untuk penurunan nilai           are collectively evaluated for impairment are
  diestimasi berdasarkan pengalaman kerugian                      estimated on the basis of historical loss experience
  historis bagi piutang usaha dengan karakteristik                for the trade receivables with credit risk
  risiko kredit yang serupa dengan piutang usaha pada             characteristics similar to those in the group.
  kelompok tersebut.

  Penjelasan lebih rinci diungkapkan dalam Catatan 5.             Further details are disclosed in Note 5.

  Penyisihan Penurunan Nilai Pasar Persediaan                     Allowance for Decline in Market Value of Inventories

  Penyisihan penurunan nilai pasar persediaan                     Allowance for decline in market value of inventories
  diestimasi berdasarkan fakta dan situasi yang                   is estimated based on the best available facts and
  tersedia, termasuk namun tidak terbatas kepada,                 circumstances, including but not limited to, the
  kondisi fisik persediaan yang dimiliki, harga jual              physical conditions of the inventories, their market
  pasar, estimasi biaya penyelesaian dan estimasi                 selling prices, estimated costs of completion and
  biaya yang timbul untuk penjualan. Provisi dievaluasi           estimated costs to be incurred for their sales. The
  kembali dan disesuaikan jika terdapat tambahan                  provision is re-evaluated and adjusted as additional
  informasi yang memengaruhi jumlah yang                          information received affects the amount estimated.
  diestimasi.

  Penjelasan    lebih   lanjut    diungkapkan     dalam           Further details are disclosed in Note 7.
  Catatan 7.

  Penyusutan Aset Tetap          dan Amortisasi    Aset           Depreciation of Fixed Assets and Amortization of
  Takberwujud                                                     Intangible Assets

  Biaya perolehan aset tetap dan aset takberwujud                 The costs of fixed assets and intangible assets are
  disusutkan dan diamortisasi dengan menggunakan                  depreciated and amortized on a straight-line basis
  metode garis lurus berdasarkan taksiran masa                    over their estimated useful lives. Management
  manfaat ekonomisnya. Manajemen mengestimasi                     estimates the useful lives of these fixed assets and
  masa manfaat ekonomis aset tetap dan aset                       intangible assets as disclosed in Notes 2e and 2f.
  takberwujud sebagaimana diungkapkan dalam                       These are common life expectancies applied in the
  Catatan 2e dan 2f. Ini adalah umur yang secara                  industry where the Company conduct their business.
  umum     diharapkan    dalam    industri dimana
  Perusahaan menjalankan bisnisnya.



                                                           41

Page 426
                                                                          The original financial statements included herein
                                                                                           are in the Indonesian language.

        PT HEXINDO ADIPERKASA Tbk                                     PT HEXINDO ADIPERKASA Tbk
    CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Maret 2026 dan untuk                                 As of March 31, 2026 and for
  Tahun yang Berakhir pada Tanggal Tersebut                                the Year then Ended
    (Disajikan dalam Dolar Amerika Serikat,                         (Expressed in United States Dollar,
            Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


3. PERTIMBANGAN, ESTIMASI DAN ASUMSI                           3. SIGNIFICANT ACCOUNTING JUDGEMENTS,
   AKUNTANSI YANG SIGNIFIKAN (lanjutan)                           ESTIMATES AND ASSUMPTIONS (continued)

  Estimasi dan Asumsi (lanjutan)                                 Estimates and Assumptions (continued)

  Penyusutan Aset Tetap          dan Amortisasi    Aset          Depreciation of Fixed Assets and Amortization of
  Takberwujud (lanjutan)                                         Intangible Assets (continued)

  Perubahan tingkat pemakaian dan perkembangan                   Changes in the expected level of usage and
  teknologi dapat memengaruhi masa manfaat                       technological developments could impact the
  ekonomis dan nilai sisa aset, dan karenanya biaya              economic useful lives and the residual values of
  penyusutan dan amortisasi masa depan mungkin                   these assets, and therefore future depreciation and
  direvisi.                                                      amortization charges could be revised.

  Penjelasan lebih       rinci   diungkapkan      dalam          Further details are disclosed in Notes 10 and 12.
  Catatan 10 dan 12.

  Ketidakpastian Liabilitas Perpajakan                           Uncertain Tax Exposure

  Dalam situasi tertentu, Perusahaan tidak dapat                 In certain circumstances, the Company, may not be
  menentukan secara pasti jumlah liabilitas pajak                able to determine the exact amount of its current or
  mereka pada saat ini atau masa depan karena                    future tax liabilities due to possibility of examination
  kemungkinan adanya pemeriksaan dari otoritas                   by the taxation authority. Uncertainties exist with
  perpajakan. Ketidakpastian timbul terkait dengan               respect to the interpretation of complex tax
  interpretasi dari peraturan perpajakan yang                    regulations and the amount and timing of future
  kompleks dan jumlah dan waktu dari penghasilan                 taxable income. In determining the amount to be
  kena pajak di masa depan. Dalam menentukan                     recognized in respect of an uncertain tax liability, the
  jumlah yang harus diakui terkait dengan liabilitas             Company applies similar considerations as it would
  pajak yang tidak pasti, Perusahaan menerapkan                  use in determining the amount of a provision to be
  pertimbangan yang sama yang akan mereka                        recognized in accordance with PSAK No. 237,
  gunakan dalam menentukan jumlah cadangan yang                  “Provisions, Contingent Liabilities and Contingent
  harus diakui sesuai dengan PSAK No. 237, “Provisi,             Assets”. The Company analyzes all tax positions
  Liabilitas Kontinjensi dan Aset Kontinjensi”.                  related to income taxes to determine if a tax liability
  Perusahaan menganalisa semua posisi pajak terkait              for uncertain tax exposure should be recognized.
  dengan pajak penghasilan untuk menentukan
  liabilitas pajak untuk beban yang belum pasti yang
  harus diakui.

  Aset Pajak Tangguhan                                           Deferred Tax Assets

  Aset pajak tangguhan diakui atas seluruh rugi fiskal           Deferred tax assets are recognized for all unused tax
  yang     belum    digunakan    sepanjang     besar             losses to the extent that it is probable that taxable
  kemungkinannya bahwa penghasilan kena pajak                    profit will be available against which the losses can
  akan tersedia sehingga rugi fiskal tersebut dapat              be utilized. Significant management estimates are
  digunakan. Estimasi signifikan digunakan oleh                  required to determine the amount of deferred tax
  manajemen dalam menentukan jumlah aset pajak                   assets that can be recognized, based upon the likely
  tangguhan yang dapat diakui, berdasarkan saat                  timing and the level of future taxable profits together
  penggunaan dan tingkat penghasilan kena pajak dan              with future tax planning strategies.
  strategi perencanaan pajak masa depan.

  Taksiran ini berdasarkan hasil pencapaian                      This forecast is based on the Company’s past results
  Perusahaan di masa lalu dan ekspektasi di masa                 and future expectations as to revenues and
  depan    terhadap      pendapatan    dan   beban,              expenses as well as future tax planning strategies.
  sebagaimana juga dengan strategi perencanaan                   However, there is no assurance that the Company
  perpajakan di masa depan. Tetapi tidak terdapat                will generate sufficient taxable income to allow all or
  kepastian bahwa Perusahaan dapat menghasilkan                  part of the deferred tax assets to be utilized.
  penghasilan kena pajak yang cukup untuk
  memungkinkan penggunaan sebagian atau seluruh
  bagian dari aset pajak tangguhan tersebut.

  Penjelasan    lebih   lanjut   diungkapkan      dalam          Further details are disclosed in Note 31.
  Catatan 31.


                                                          42

Page 427
                                                                             The original financial statements included herein
                                                                                              are in the Indonesian language.

        PT HEXINDO ADIPERKASA Tbk                                       PT HEXINDO ADIPERKASA Tbk
    CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Maret 2026 dan untuk                                   As of March 31, 2026 and for
  Tahun yang Berakhir pada Tanggal Tersebut                                  the Year then Ended
    (Disajikan dalam Dolar Amerika Serikat,                           (Expressed in United States Dollar,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


3. PERTIMBANGAN, ESTIMASI DAN ASUMSI                             3. SIGNIFICANT ACCOUNTING JUDGEMENTS,
   AKUNTANSI YANG SIGNIFIKAN (lanjutan)                             ESTIMATES AND ASSUMPTIONS (continued)

  Estimasi dan Asumsi (lanjutan)                                   Estimates and Assumptions (continued)

  Aset Pajak Tangguhan (lanjutan)                                  Deferred Tax Assets (continued)

  Estimasi signifikan oleh manajemen disyaratkan                   Significant management estimates are required to
  dalam menentukan jumlah aset pajak tangguhan                     determine the amount of deferred tax assets that can
  yang dapat diakui, berdasarkan saat penggunaan                   be recognized, based upon the likely timing and the
  dan tingkat penghasilan kena pajak dan strategi                  level of future taxable profits, together with future tax
  perencanaan pajak masa depan.                                    planning strategies.

  Imbalan Kerja Karyawan                                           Employee Benefits

  Penentuan liabilitas imbalan kerja jangka panjang                The determination of the Company’s long-term
  Perusahaan bergantung pada pemilihan asumsi                      employee benefits liability is dependent on its
  yang digunakan oleh aktuaris independen dalam                    selection of certain assumptions used by the
  menghitung jumlah-jumlah tersebut dan peraturan                  independent actuary in calculating such amounts
  Perusahaan. Asumsi tersebut termasuk, antara lain,               and the Company’s policy. Those assumptions
  tingkat diskonto, tingkat kenaikan gaji tahunan,                 include, among others, discount rates, future annual
  tingkat kecacatan, umur pensiun dan tingkat                      salary increase, disability rate, retirement age and
  kematian.                                                        mortality rate.

  Keuntungan dan kerugian aktuarial diakui dalam                   Actuarial gains and losses are recognized in the
  laporan laba rugi dan penghasilan komprehensif lain.             statement of profit or loss and other comprehensive
  Sementara Perusahaan berkeyakinan bahwa                          income. While the Company believes that its
  asumsi tersebut adalah wajar dan sesuai, perbedaan               assumptions are reasonable and appropriate,
  signifikan pada hasil aktual atau perubahan                      significant differences in the Company results or
  signifikan    dalam     asumsi   yang    ditetapkan              significant changes in the Company assumptions
  Perusahaan dapat memengaruhi secara material                     may materially affect its long-term employee benefits
  liabilitas imbalan kerja jangka panjang dan beban                liability and employee benefits expenses.
  imbalan kerja karyawan.

  Penjelasan    lebih    lanjut   diungkapkan     dalam            Further details are disclosed in Note 19.
  Catatan 19.

  Penurunan Nilai Aset Non-keuangan                                Impairment of Non-financial Assets

  Penurunan nilai terjadi ketika nilai tercatat dari aset          An impairment exists when the carrying value of an
  atau UPK melebihi nilai terpulihkannya, yang mana                asset or CGU exceeds its recoverable amount, which
  merupakan lebih tinggi dari nilai wajar dikurangi                is the higher of its fair value less costs to sell and its
  biaya untuk menjual dan nilai pakai. Perhitungan nilai           VIU. The fair value less costs to sell calculation is
  wajar dikurangi biaya untuk menjual berdasarkan                  based on available data from binding sales
  data yang tersedia dari transaksi penjualan yang                 transactions in an arm’s length transaction of similar
  mengikat dalam sebuah transaksi wajar dari aset                  assets or observable market prices less incremental
  serupa atau harga pasar yang dapat diobservasi                   costs for disposing the asset. The VIU calculation is
  dikurangi biaya pelepasan untuk menjual aset                     based on a discounted cash flow model. The cash
  tersebut. Perhitungan nilai pakai berdasarkan pada               flow data are derived from budget for the next five
  model arus kas yang didiskontokan. Data arus kas                 years and do not include restructuring activities that
  diambil dari anggaran untuk lima tahun yang akan                 the Company is not yet committed to or significant
  datang dan tidak termasuk aktivitas restrukturisasi              future investments that will enhance the asset’s
  yang belum dilakukan oleh Perusahaan atau                        performance of the CGU being tested.
  investasi signifikan di masa datang yang akan
  memutakhirkan kinerja aset dari UPK yang diuji.




                                                            43

Page 428
                                                                                 The original financial statements included herein
                                                                                                  are in the Indonesian language.

           PT HEXINDO ADIPERKASA Tbk                                        PT HEXINDO ADIPERKASA Tbk
       CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Maret 2026 dan untuk                                    As of March 31, 2026 and for
     Tahun yang Berakhir pada Tanggal Tersebut                                   the Year then Ended
       (Disajikan dalam Dolar Amerika Serikat,                            (Expressed in United States Dollar,
               Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


3. PERTIMBANGAN, ESTIMASI DAN ASUMSI                              3. SIGNIFICANT ACCOUNTING JUDGEMENTS,
   AKUNTANSI YANG SIGNIFIKAN (lanjutan)                              ESTIMATES AND ASSUMPTIONS (continued)

     Estimasi dan Asumsi (lanjutan)                                    Estimates and Assumptions (continued)

     Penurunan Nilai Aset Non-keuangan (lanjutan)                      Impairment of Non-financial Assets (continued)

     Nilai terpulihkan paling dipengaruhi oleh tingkat                 The recoverable amount is most sensitive to the
     diskonto yang digunakan dalam model arus kas yang                 discount rate used for the discounted cash flow
     didiskontokan, sebagaimana juga jumlah arus kas                   model as well as the expected future cash inflows
     masuk di masa datang yang diharapkan dan tingkat                  and the growth rate used for extrapolation purposes.
     pertumbuhan yang digunakan untuk tujuan
     ekstrapolasi.

     Manajemen berkeyakinan bahwa tidak terdapat                       Management believes that there are no events or
     peristiwa  atau   perubahan     keadaan     yang                  changes in circumstances that may indicate any
     mengindikasikan adanya penurunan nilai aset non-                  impairment in value of its non-financial assets as of
     keuangan pada tanggal 31 Maret 2026 dan 2025.                     March 31, 2026 and 2025.

     Estimasi atas Suku Bunga Pinjaman Inkremental                     Estimating the Incremental Borrowing Rate of a
     dari Suatu Sewa                                                   Lease

     Perusahaan tidak dapat langsung menentukan                        The Company cannot readily determine the interest
     tingkat bunga implisit dalam sewa, oleh karena itu,               rate implicit in the lease, therefore, it uses its IBR to
     Perusahaan menggunakan SBPI untuk mengukur                        measure lease liabilities. The IBR is the rate of
     liabilitas sewa. SBPI adalah tingkat bunga yang                   interest that the Company would have to pay to
     harus dibayar oleh Perusahaan untuk meminjam                      borrow over a similar term.
     dalam jangka waktu yang sama.

     Dengan demikian, SBPI mencerminkan tingkat                        The IBR therefore reflects interest the Company
     bunga yang harus dibayar oleh Perusahaan, yang                    would have to pay, which requires estimation when
     perlu diestimasi ketika tidak ada tingkat bunga yang              no observable rates are available (such as for entities
     dapat langsung diamati (seperti untuk entitas dalam               within the Company that do not enter into financing
     Perusahaan yang tidak melakukan transaksi                         transactions) or when they need to be adjusted to
     pembiayaan) atau ketika tingkat bunga perlu                       reflect the terms and conditions of the lease.
     disesuaikan untuk mencerminkan persyaratan dan
     kondisi sewa.

     Perusahaan       menetapkan          estimasi    SBPI             The Company estimates the IBR using observable
     menggunakan input yang dapat diamati (seperti suku                inputs (such as market interest rates) when available
     bunga pasar) jika tersedia dan membuat estimasi                   and make certain entity-specific estimates as
     spesifik untuk entitas tertentu jika diperlukan.                  necessary.


4.   KAS DAN BANK                                                 4.   CASH ON HAND AND IN BANKS

     Akun ini terdiri dari:                                            This account consists of:

                                             31 Maret 2026/       31 Maret 2025/
                                             March 31, 2026       March 31, 2025

      Kas                                                                                                           Cash on hand
        Rekening Rupiah                                                                                        Rupiah Accounts
          (Rp133.697.850 pada                                                                                (Rp133,697,850
          tanggal 31 Maret 2026                                                                         as of March 31, 2026
          dan Rp164.294.700 pada                                                                         and Rp164,294,700
          tanggal 31 Maret 2025)                       7.868                  9.904                    as of March 31, 2025)




                                                             44

Page 429
                                                                            The original financial statements included herein
                                                                                             are in the Indonesian language.

           PT HEXINDO ADIPERKASA Tbk                                    PT HEXINDO ADIPERKASA Tbk
       CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Maret 2026 dan untuk                                As of March 31, 2026 and for
     Tahun yang Berakhir pada Tanggal Tersebut                               the Year then Ended
       (Disajikan dalam Dolar Amerika Serikat,                        (Expressed in United States Dollar,
               Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)


4.   KAS DAN BANK (lanjutan)                                  4.   CASH ON HAND AND IN BANKS (continued)

     Akun ini terdiri dari: (lanjutan)                             This account consists of: (continued)

                                            31 Maret 2026/    31 Maret 2025/
                                            March 31, 2026    March 31, 2025

     Bank                                                                                                     Cash in banks
       Pihak ketiga                                                                                          Third parties
          Rekening Rupiah                                                                             Rupiah Accounts
            PT Bank Mandiri (Persero) Tbk                                            PT Bank Mandiri (Persero) Tbk
              (Rp181.142.379.281                                                             (Rp181,142,379,281
              pada tanggal 31 Maret 2026                                                    as of March 31, 2026
              dan Rp95.965.221.176                                                        and Rp95,965,221,176
              pada tanggal 31 Maret 2025)        10.660.229          5.784.784             as of March 31, 2025)
            PT Bank Rakyat Indonesia                                                     PT Bank Rakyat Indonesia
              (Persero) Tbk                                                                         (Persero) Tbk
              (Rp17.601.327.491                                                               (Rp17,601,327,491
              pada tanggal 31 Maret 2026                                                    as of March 31, 2026
              dan Rp11.203.674.348                                                        and Rp11,203,674,348
              pada tanggal 31 Maret 2025)         1.035.838            675.357             as of March 31, 2025)
            PT Bank Resona Perdania                                                      PT Bank Resona Perdania
              (Rp4.766.236.087                                                                  (Rp4,766,236,087
              pada tanggal 31 Maret 2026                                                     as of March 31, 2026
              dan Rp19.925.000                                                                      Rp19,925,000
              pada tanggal 31 Maret 2025)          280.493               1.201             as of March 31, 2025)
            PT Bank SMBC Indonesia Tbk                                                PT Bank SMBC Indonesia Tbk
              (Rp2.773.348.083                                                                  (Rp2,773,348,083
              pada tanggal 31 Maret 2026                                                    as of March 31, 2026
              dan Rp7.137.633.191                                                           and Rp7,137,633,191
              pada tanggal 31 Maret 2025)          163.212             430.257             as of March 31, 2025)
            PT Bank Mizuho Indonesia                                                     PT Bank Mizuho Indonesia
              (Rp2.261.703.501                                                                  (Rp2,261,703,501
              pada tanggal 31 Maret 2026                                                    as of March 31, 2026
              dan Rp358.030.102                                                               and Rp358,030,102
              pada tanggal 31 Maret 2025)          133.061              21.556             as of March 31, 2025)
            PT Bank Maybank Indonesia Tbk                                           PT Bank Maybank Indonesia Tbk
              (Rp2.135.646.365                                                                  (Rp2,135,646,365
              pada tanggal 31 Maret 2026                                                    as of March 31, 2026
              dan Rp2.227.731.102                                                           and Rp2,227,731,102
              pada tanggal 31 Maret 2025)          125.683             134.288             as of March 31, 2025)
            PT Bank Mestika Dharma Tbk                                                PT Bank Mestika Dharma Tbk
              (Rp1.682.043.342                                                                  (Rp1,682,043,342
              pada tanggal 31 Maret 2026                                                    as of March 31, 2026
              dan Rp1.683.049.375                                                           and Rp1,683,049,375
              pada tanggal 31 Maret 2025)            98.988            101.454             as of March 31, 2025)
            PT Bank Negara Indonesia                                                     PT Bank Negara Indonesia
              (Persero) Tbk                                                                         (Persero) Tbk
              (Rp1.478.366.770                                                                  (Rp1,478,366,770
              pada tanggal 31 Maret 2026                                                    as of March 31, 2026
              dan Rp1.084.259.518                                                           and Rp1,084,259,518
              pada tanggal 31 Maret 2025)            87.002             65.359             as of March 31, 2025)
            MUFG Bank, Ltd.,                                                                       MUFG Bank, Ltd.,
              Cabang Jakarta                                                                       Jakarta Branch
              (Rp1.312.320.973                                                                  (Rp1,312,320,973
              pada tanggal 31 Maret 2026                                                    as of March 31, 2026
              dan Rp3.691.632.477                                                           and Rp3,691,632,477
              pada tanggal 31 Maret 2025)            77.230            222.532             as of March 31, 2025)
            PT Bank Mega Syariah                                                             PT Bank Mega Syariah
              (Rp896.243.770                                                                      (Rp896,243,770
              pada tanggal 31 Maret 2026                                                    as of March 31, 2026
              dan Rp71.115.502.925                                                        and Rp71,115,502,925
              pada tanggal 31 Maret 2025)            52.744          4.286.842             as of March 31, 2025)




                                                         45

Page 430
                                                                             The original financial statements included herein
                                                                                              are in the Indonesian language.

           PT HEXINDO ADIPERKASA Tbk                                     PT HEXINDO ADIPERKASA Tbk
       CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Maret 2026 dan untuk                                 As of March 31, 2026 and for
     Tahun yang Berakhir pada Tanggal Tersebut                                the Year then Ended
       (Disajikan dalam Dolar Amerika Serikat,                         (Expressed in United States Dollar,
               Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


4.   KAS DAN BANK (lanjutan)                                   4.   CASH ON HAND AND IN BANKS (continued)

     Akun ini terdiri dari: (lanjutan)                              This account consists of: (continued)
                                             31 Maret 2026/    31 Maret 2025/
                                             March 31, 2026    March 31, 2025
     Bank (lanjutan)                                                                              Cash in banks (continued)
       Pihak ketiga (lanjutan)                                                                   Third parties (continued)
         Rekening Rupiah (lanjutan)                                                       Rupiah Accounts (continued)
            PT Bank Danamon Indonesia Tbk                                           PT Bank Danamon Indonesia Tbk
               (Rp839.882.417                                                                     (Rp839,882,417
               pada tanggal 31 Maret 2026                                                    as of March 31, 2026
               dan Rp9.818.541                                                                   and Rp9,818,541
               pada tanggal 31 Maret 2025)            49.427                592             as of March 31, 2025)
            Lain-lain                                                                                         Others
               (Rp243.251.574                                                                     (Rp243,251,574
               pada tanggal 31 Maret 2026                                                    as of March 31, 2026
               dan Rp217.971.992                                                              and Rp217,971,992
               pada tanggal 31 Maret 2025)            14.315             13.139             as of March 31, 2025)
          Total Rekening Rupiah                   12.778.222         11.737.361                   Total Rupiah Accounts
          Rekening Dolar Amerika Serikat                                                  United States Dollar Accounts
            MUFG Bank, Ltd.,                                                                       MUFG Bank, Ltd.,
              Cabang Jakarta                       1.351.984          1.590.502                    Jakarta Branch
            PT Bank Maybank Indonesia Tbk            247.487            107.958      PT Bank Maybank Indonesia Tbk
            PT Bank SMBC Indonesia Tbk               148.982            212.926        PT Bank SMBC Indonesia Tbk
            PT Bank Mandiri (Persero) Tbk            126.627            160.901       PT Bank Mandiri (Persero) Tbk
            PT Bank Mega Syariah                      33.463          3.956.075               PT Bank Mega Syariah
            Deutsche Bank AG.,                                                                   Deutsche Bank AG.,
              Cabang Jakarta                          20.000                  -                    Jakarta Branch
            PT Bank Mizuho Indonesia                  19.318              9.304           PT Bank Mizuho Indonesia
            PT Bank Resona Perdania                    1.993              2.000           PT Bank Resona Perdania
          Total Rekening Dolar                                                                       Total United States
            Amerika Serikat                        1.949.854          6.039.666                       Dollar Accounts
          Rekening Yen Jepang                                                                  Japanese Yen Accounts
            MUFG Bank, Ltd.,                                                                       MUFG Bank, Ltd.,
              Cabang Jakarta                                                                       Jakarta Branch
              (¥JP10.330.058                                                                      (JP¥10,330,058
              pada tanggal 31 Maret 2026                                                     as of March 31, 2026
              dan ¥JP1.930.825                                                                  and JP¥1,930,825
              pada tanggal 31 Maret 2025)             64.666             12.840             as of March 31, 2025)
            PT Bank Maybank Indonesia Tbk                                            PT Bank Maybank Indonesia Tbk
              (¥JP364.260                                                                            (JP¥364,260
              pada tanggal 31 Maret 2026                                                     as of March 31, 2026
              dan ¥JP370.860                                                                      and JP¥370,860
              pada tanggal 31 Maret 2025)              2.280              2.466             as of March 31, 2025)
          Total Rekening Yen Jepang                   66.946             15.306           Total Japanese Yen Accounts
     Total Bank                                   14.795.022         17.792.333                           Total Cash in Banks
     Total                                        14.802.890         17.802.237                                          Total


     Tidak terdapat saldo kas dan bank kepada pihak                  There are no cash on hand and in banks balances to
     berelasi pada tanggal 31 Maret 2026 dan 2025.                   any related party as of March 31, 2026 and 2025.




                                                          46

Page 431
                                                                               The original financial statements included herein
                                                                                                are in the Indonesian language.

           PT HEXINDO ADIPERKASA Tbk                                       PT HEXINDO ADIPERKASA Tbk
       CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Maret 2026 dan untuk                                   As of March 31, 2026 and for
     Tahun yang Berakhir pada Tanggal Tersebut                                  the Year then Ended
       (Disajikan dalam Dolar Amerika Serikat,                           (Expressed in United States Dollar,
               Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


4.   KAS DAN BANK (lanjutan)                                     4.   CASH ON HAND AND IN BANKS (continued)

     Pada tanggal 31 Maret 2026 dan 2025, kas                         As of March 31, 2026 and 2025, cash on hand of the
     Perusahaan telah diasuransikan terhadap risiko                   Company is covered by insurance against theft and
     pencurian dan risiko lainnya berdasarkan paket polis             other risks under blanket policies amounting to
     tertentu dengan jumlah pertanggungan masing-                     Rp14,680,000,000 (equivalent to US$863,885)
     masing sebesar Rp14.680.000.000 (setara dengan                   (including cash-in transit Rp14,400,000,000 or
     $AS863.885) (termasuk kas dalam perjalanan                       equivalent to US$847,408) and Rp14,680,000,000
     sebesar Rp14.400.000.000 atau setara dengan                      (equivalent to US$884,977) (including cash-in transit
     $AS847.408) dan Rp14.680.000.000 (setara dengan                  Rp14,400,000,000 or equivalent to US$868,097),
     $AS884.977) (termasuk kas dalam perjalanan                       respectively. The Company’s management believes
     sebesar Rp14.400.000.000 atau setara dengan                      that the insurance coverage is adequate to cover
     $AS868.097).            Manajemen      Perusahaan                possible losses arising from such risks.
     berkeyakinan bahwa nilai pertanggungan tersebut
     cukup untuk menutup kemungkinan kerugian dari
     risiko-risiko tersebut.


5.   PIUTANG USAHA - NETO                                        5.   TRADE RECEIVABLES - NET

     Rincian piutang usaha adalah sebagai berikut:                    The details of trade receivables are as follows:

                                            31 Maret 2026/       31 Maret 2025/
                                            March 31, 2026       March 31, 2025

     Pihak berelasi (Catatan 6a)                  7.486.693             5.445.876                     Related parties (Note 6a)
     Pihak ketiga                               107.159.249           151.178.618                                  Third parties

     Total                                      114.645.942           156.624.494                                        Total
     Dikurangi cadangan kerugian kredit                                                      Less allowance for expected credit
       ekspektasian                               (1.224.981)             (605.331)                                  losses

     Neto                                       113.420.961           156.019.163                                            Net


     Mutasi cadangan kerugian kredit ekspektasian untuk               The movements of allowance for expected credit
     tahun yang berakhir pada tanggal-tanggal                         losses for the years ended March 31, 2026 and 2025
     31 Maret 2026 dan 2025 adalah sebagai berikut:                   are as follows:

                                                   Tahun yang berakhir
                                                  pada tanggal 31 Maret/
                                                   Year ended March 31

                                                 2026                  2025
     Saldo awal                                      605.331              497.885                            Beginning balance
     Penyisihan                                                                                                     Provision for
       kerugian kredit ekspektasian                                                                    expected credit losses
       selama tahun berjalan                                                                                  during the year
       (Catatan 28 dan 34)                           699.165              128.156                          (Notes 28 and 34)
     Penghapusan selama tahun berjalan               (79.515)             (20.710)                      Write-off during the year

     Saldo akhir                                  1.224.981               605.331                              Ending balance


     Manajemen Perusahaan berkeyakinan bahwa                          The Company’s management believes that the
     jumlah cadangan kerugian kredit ekspektasian                     allowance for expected credit losses is adequate to
     tersebut cukup untuk menutup kerugian yang                       cover possible losses from uncollectible accounts.
     mungkin timbul akibat tidak tertagihnya piutang
     usaha.




                                                            47

Page 432
                                                                               The original financial statements included herein
                                                                                                are in the Indonesian language.

           PT HEXINDO ADIPERKASA Tbk                                       PT HEXINDO ADIPERKASA Tbk
       CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Maret 2026 dan untuk                                   As of March 31, 2026 and for
     Tahun yang Berakhir pada Tanggal Tersebut                                  the Year then Ended
       (Disajikan dalam Dolar Amerika Serikat,                           (Expressed in United States Dollar,
               Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


5.   PIUTANG USAHA - NETO (lanjutan)                             5.   TRADE RECEIVABLES - NET (continued)

     Analisa umur piutang usaha berdasarkan tanggal                   The aging analysis of trade receivables based on due
     jatuh tempo adalah sebagai berikut:                              dates is as follows:

                                              31 Maret 2026/     31 Maret 2025/
                                              March 31, 2026     March 31, 2025

     Penjualan alat berat                                                                           Sales of heavy equipment
       Lancar                                      65.474.775          90.779.369                                   Current
       Telah jatuh tempo:                                                                                         Overdue:
          Kurang dari 3 bulan                        775.495              242.427                    Less than 3 months
          3 - 6 bulan                                248.137               91.029                           3 - 6 months
          Lebih dari 6 bulan - 1 tahun                14.109               34.942                  Over 6 months - 1 year
          Lebih dari 1 tahun                         449.300                    -                            Over 1 year

     Total piutang - penjualan                                                                       Total receivables - sales of
       alat berat                                  66.961.816          91.147.767                            heavy equipment

     Jasa pemeliharaan dan perbaikan                                                         Repairs and maintenance services
        Lancar                                     22.967.257          24.427.980                                   Current
        Telah jatuh tempo:                                                                                         Overdue:
          Kurang dari 3 bulan                       1.022.197           2.729.766                     Less than 3 months
          3 - 6 bulan                                  84.643              15.134                            3 - 6 months
          Lebih dari 6 bulan - 1 tahun                 47.155               3.972                  Over 6 months - 1 year
          Lebih dari 1 tahun                           24.146              59.478                             Over 1 year

     Total piutang - jasa pemeliharaan                                                           Total receivables - repairs and
       dan perbaikan                               24.145.398          27.236.330                      maintenance services

     Penjualan suku cadang                                                                                Sales of spare parts
       Lancar                                      18.970.753          30.173.434                                   Current
       Telah jatuh tempo:                                                                                         Overdue:
          Kurang dari 3 bulan                        898.740            2.449.677                    Less than 3 months
          3 - 6 bulan                                235.738               82.414                           3 - 6 months
          Lebih dari 6 bulan - 1 tahun                 3.286                2.750                  Over 6 months - 1 year
          Lebih dari 1 tahun                          90.125               59.483                            Over 1 year

     Total piutang - penjualan suku cadang         20.198.642          32.767.758        Total receivables - sales of spare parts

     Jasa rental                                                                                                 Rent services
       Lancar                                       3.312.488           5.454.125                                   Current
       Telah jatuh tempo:                                                                                         Overdue:
          Kurang dari 3 bulan                             282              18.514                    Less than 3 months
          3 - 6 bulan                                  14.110                   -                           3 - 6 months
          Lebih dari 6 bulan - 1 tahun                 13.206                   -                  Over 6 months - 1 year
          Lebih dari 1 tahun                                -                   -                            Over 1 year

       Total piutang - jasa rental                  3.340.086           5.472.639               Total receivables - rent services

       Total                                      114.645.942         156.624.494                                         Total
       Dikurangi penyisihan kerugian kredit                                                  Less allowance for expected credit
         ekspektasian                              (1.224.981)           (605.331)                                    losses

     Neto                                         113.420.961         156.019.163                                            Net




                                                           48

Page 433
                                                                           The original financial statements included herein
                                                                                            are in the Indonesian language.

           PT HEXINDO ADIPERKASA Tbk                                    PT HEXINDO ADIPERKASA Tbk
       CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Maret 2026 dan untuk                                As of March 31, 2026 and for
     Tahun yang Berakhir pada Tanggal Tersebut                               the Year then Ended
       (Disajikan dalam Dolar Amerika Serikat,                        (Expressed in United States Dollar,
               Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)


5.   PIUTANG USAHA - NETO (lanjutan)                           5. TRADE RECEIVABLES - NET (continued)

     Rincian piutang usaha adalah sebagai berikut:                The details of trade receivables are as follows:

                                            31 Maret 2026/     31 Maret 2025/
                                            March 31, 2026     March 31, 2025

     Penjualan alat berat                                                                         Sales of heavy equipment
       pada bidang usaha:                                                                                        used in:
       Perkebunan dan perkayuan                  47.955.454         45.698.444                     Plantation and logging
       Pertambangan                              12.935.142         26.601.630                                     Mining
       Konstruksi                                 6.071.220         18.847.693                              Constructions

     Sub-total                                   66.961.816         91.147.767                                     Sub-total

     Jasa pemeliharaan dan perbaikan             24.145.398         27.236.330           Repairs and maintenance services
     Penjualan suku cadang                       20.198.642         32.767.758                        Sales of spare parts
     Jasa rental                                  3.340.086          5.472.639                              Rent services

     Total                                      114.645.942        156.624.494                                        Total
     Dikurangi penyisihan kerugian kredit                                                Less allowance for expected credit
       ekspektasian                              (1.224.981)          (605.331)                                   losses

     Neto                                       113.420.961        156.019.163                                          Net


     Rincian piutang usaha berdasarkan mata uang asal             The details of trade receivables based on original
     adalah sebagai berikut:                                      currencies are as follows:

                                            31 Maret 2026/     31 Maret 2025/
                                            March 31, 2026     March 31, 2025

     Pihak berelasi (Catatan 6a)                                                                  Related parties (Note 6a)
       Rupiah                                                                                                     Rupiah
          (Rp103.580.418.939                                                                      (Rp103,580,418,939
          pada tanggal 31 Maret 2026                                                              as of March 31, 2026
          dan Rp87.439.901.248                                                                  and Rp87,439,901,248
          pada tanggal 31 Maret 2025)             6.095.708          5.272.626                   as of March 31, 2025)
       Dolar Amerika Serikat                      1.390.985            173.250                       United States Dollar

     Sub-total                                    7.486.693          5.445.876                                     Sub-total

     Pihak ketiga                                                                                              Third parties
       Rupiah                                                                                                     Rupiah
          (Rp1.820.790.800.780                                                                  (Rp1,820,790,800,780
          pada tanggal 31 Maret 2026                                                              as of March 31, 2026
          dan Rp2.479.415.528.487                                                            and Rp2,479,415,528,487
          pada tanggal 31 Maret 2025)           107.153.453        149.513.909                   as of March 31, 2025)
       Dolar Amerika Serikat                          5.796          1.664.709                       United States Dollar

     Sub-total                                  107.159.249        151.178.618                                     Sub-total

     Total                                      114.645.942        156.624.494                                        Total
     Dikurangi penyisihan kerugian kredit                                                Less allowance for expected credit
       ekspektasian                              (1.224.981)          (605.331)                                   losses

     Neto                                       113.420.961        156.019.163                                          Net


     Pada tanggal 31 Maret 2026 dan 2025, tidak                   As of March 31, 2026 and 2025, there are no trade
     terdapat piutang usaha yang dijaminkan.                      receivables pledged as collateral.




                                                         49

Page 434
                                                                                          The original financial statements included herein
                                                                                                           are in the Indonesian language.

           PT HEXINDO ADIPERKASA Tbk                                                 PT HEXINDO ADIPERKASA Tbk
       CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Maret 2026 dan untuk                                             As of March 31, 2026 and for
     Tahun yang Berakhir pada Tanggal Tersebut                                            the Year then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                     (Expressed in United States Dollar,
               Kecuali Dinyatakan Lain)                                                 Unless Otherwise Stated)


6.   SALDO DAN           TRANSAKSI            DENGAN        PIHAK            6. BALANCES   AND             TRANSACTIONS               WITH
     BERELASI                                                                   RELATED PARTIES

     Dalam kegiatan usaha yang normal, Perusahaan                              In the normal course of business, the Company
     melakukan transaksi dengan harga, persyaratan                             conducts transactions with prices, terms and
     dan ketentuan yang konsisten dengan pihak ketiga.                         conditions that are consistent as those with third
                                                                               parties.

     a.   Piutang Usaha                                                        a.   Trade Receivables

          Rincian piutang usaha dengan pihak berelasi                               The details of trade receivables from related
          adalah sebagai berikut:                                                   parties are as follows:

                                                       Jumlah/                 Persentase Terhadap Total Aset/
                                                       Amount                    Percentage to Total Assets

                                           31 Maret 2026/   31 Maret 2025/     31 Maret 2026/   31 Maret 2025/
                                           March 31, 2026   March 31, 2025     March 31, 2026   March 31, 2025

          PT Hexa Finance Indonesia             6.079.650        5.272.289             1,49%             1,15%    PT Hexa Finance Indonesia
          Hitachi Construction Machinery                                                                       Hitachi Construction Machinery
             Asia and Pacific Pte. Ltd.,                                                                          Asia and Pacific Pte. Ltd.,
             Singapura                          1.390.985           173.250            0,34%             0,04%                   Singapore
          PT Hitachi Construction                                                                                      PT Hitachi Construction
             Machinery Indonesia                   16.058              337             0,00%             0,00%         Machinery Indonesia

          Total (Catatan 5)                     7.486.693        5.445.876             1,84%             1,19%                  Total (Note 5)



          Piutang dari PT Hexa Finance Indonesia                                    Receivables from PT Hexa Finance Indonesia
          merupakan piutang atas penjualan alat berat                               represent receivables from sales of heavy
          dan jasa pemeliharaan dan perbaikan.                                      equipment and repair and maintenance services.

          Piutang dari Hitachi Construction Machinery                               Receivables    from   Hitachi      Construction
          Asia and Pacific Pte. Ltd., Singapura (“HMAP”)                            Machinery Asia and Pacific Pte. Ltd., Singapore
          merupakan piutang atas penjualan alat berat.                              (“HMAP”) represent receivables from sales of
                                                                                    heavy equipment.

          Piutang dari PT Hitachi Construction Machinery                            Receivables from PT Hitachi Construction
          Indonesia (“HCMI”) merupakan piutang atas                                 Machinery Indonesia (“HCMI”) represent
          penjualan suku cadang, sewa alat berat dan                                receivables from sales of spare parts, rental of
          jasa pemeliharaan dan perbaikan.                                          heavy equipment and repair and maintenance
                                                                                    services.




                                                                     50

Page 435
                                                                                          The original financial statements included herein
                                                                                                           are in the Indonesian language.

           PT HEXINDO ADIPERKASA Tbk                                                 PT HEXINDO ADIPERKASA Tbk
       CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Maret 2026 dan untuk                                             As of March 31, 2026 and for
     Tahun yang Berakhir pada Tanggal Tersebut                                            the Year then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                     (Expressed in United States Dollar,
               Kecuali Dinyatakan Lain)                                                 Unless Otherwise Stated)


6.   SALDO DAN TRANSAKSI                      DENGAN        PIHAK            6. BALANCES   AND     TRANSACTIONS                        WITH
     BERELASI (lanjutan)                                                        RELATED PARTIES (continued)

     b.   Piutang Non-usaha                                                    b.   Non-trade Receivables

          Rincian piutang non-usaha dengan pihak                                    The details of non-trade receivables from related
          berelasi atas transaksi di luar usaha utama                               parties for transactions outside the Company’s
          Perusahaan adalah sebagai berikut:                                        main business are as follows:
                                                       Jumlah/                 Persentase Terhadap Total Aset/
                                                       Amount                    Percentage to Total Assets

                                           31 Maret 2026/   31 Maret 2025/     31 Maret 2026/   31 Maret 2025/
                                           March 31, 2026   March 31, 2025     March 31, 2026   March 31, 2025

          Hitachi Construction Machinery                                                                        Hitachi Construction Machinery
             Co. Ltd., Jepang                     212.493        4.656.738             0,04%             1,02%                Co. Ltd., Japan
          Hitachi Construction Machinery                                                                        Hitachi Construction Machinery
             Asia and Pacific Pte. Ltd.,                                                                           Asia and Pacific Pte. Ltd.,
             Singapura                            194.827        1.148.157             0,09%             0,25%                     Singapore
          PT Hitachi Construction                                                                                       PT Hitachi Construction
             Machinery Indonesia                   62.765           85.745             0,00%             0,02%          Machinery Indonesia
          Wenco International Mining                                                                                Wenco International Mining
             Systems Ltd., Kanada                   8.723            7.627             0,00%             0,00%        Systems Ltd., Canada
          PT Bradken Indonesia                      3.151                -             0,00%                  -          PT Bradken Indonesia
          ITOCHU Corporation, Jepang                    -           30.315                  -            0,01%     ITOCHU Corporation, Japan
          Hitachi Construction Truck                                                                                 Hitachi Construction Truck
             Manufacturing Ltd.,                                                                                         Manufacturing Ltd.,
             Kanada                                     -              892                  -            0,00%                       Canada

          Total                                   481.959        5.929.474             0,12%             1,30%                           Total



          Piutang dari HMAP merupakan tagihan atas                                  Receivables from HMAP represent receivables
          penggantian suku cadang untuk pelanggan                                   from replacement of spare parts for the
          Perusahaan selama masa garansi.                                           Company’s customers during warranty period.

          Piutang dari HCM dan PT Bradken Indonesia                                 Receivables from HCM and PT Bradken
          merupakan tagihan atas penggantian suku                                   Indonesia      represent   receivables   from
          cadang untuk pelanggan Perusahaan selama                                  replacement of spare parts for the Company’s
          masa garansi, penggantian atas kerugian                                   customers during warranty period, replacement
          penjualan alat berat dan biaya-biaya HCM yang                             for loss incurred from heavy equipment resale
          dibayarkan terlebih dahulu oleh Perusahaan.                               and claims on reimbursement for expenses of
                                                                                    HCM that were paid in advance by the Company.

          Piutang dari Wenco International Mining                                   Receivables from Wenco International Mining
          Systems Ltd., Kanada, HCMI, ITOCHU                                        Systems Ltd., Canada, HCMI, ITOCHU
          Corporation, Jepang, dan Hitachi Construction                             Corporation, Japan, and Hitachi Construction
          Truck Manufacturing Ltd., Kanada merupakan                                Truck Manufacturing Ltd., Canada represent
          tagihan atas penggantian biaya yang                                       reimbursement for expenses that were paid in
          dibayarkan terlebih dahulu oleh Perusahaan.                               advance by the Company.




                                                                    51

Page 436
                                                                                              The original financial statements included herein
                                                                                                               are in the Indonesian language.

           PT HEXINDO ADIPERKASA Tbk                                                     PT HEXINDO ADIPERKASA Tbk
       CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Maret 2026 dan untuk                                                 As of March 31, 2026 and for
     Tahun yang Berakhir pada Tanggal Tersebut                                                the Year then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                         (Expressed in United States Dollar,
               Kecuali Dinyatakan Lain)                                                     Unless Otherwise Stated)


6.   SALDO DAN TRANSAKSI                      DENGAN        PIHAK            6. BALANCES   AND     TRANSACTIONS                            WITH
     BERELASI (lanjutan)                                                        RELATED PARTIES (continued)

     b.   Piutang Non-usaha (lanjutan)                                             b.    Non-trade Receivables (continued)

          Rincian piutang non-usaha dari pihak berelasi                                  The details of non-trade receivables from related
          berdasarkan mata uang asal adalah sebagai                                      parties based on original currencies are as
          berikut:                                                                       follows:

                                                     31 Maret 2026/             31 Maret 2025/
                                                     March 31, 2026             March 31, 2025

          Dolar Amerika Serikat                                  477.179                5.843.729                             United States Dollar
          Rupiah                                                                                                                          Rupiah
            (Rp81.222.253                                                                                                       (Rp81,222,253
            pada tanggal 31 Maret 2026                                                                                   as of March 31, 2026
            dan Rp1.421.977.234                                                                                          and Rp1,421,977,234
            pada tanggal 31 Maret 2025)                            4.780                  85.745                         as of March 31, 2025)

          Total                                                  481.959                5.929.474                                            Total


          Manajemen Perusahaan berkeyakinan bahwa                                        The Company’s management believes that all
          seluruh piutang non-usaha dari pihak berelasi                                  non-trade receivables from related parties can
          dapat tertagih seluruhnya sehingga tidak                                       be collected, thus no allowance for expected
          dibentuk     cadangan     kerugian     kredit                                  credit losses was provided.
          ekspektasian.

     c.   Utang Usaha                                                              c.    Trade Payables

          Rincian utang usaha kepada pihak berelasi                                      The details of trade payables to related parties
          adalah sebagai berikut:                                                        are as follows:

                                                       Jumlah/                   Persentase Terhadap Total Liabilitas/
                                                       Amount                       Percentage to Total Liabilities

                                           31 Maret 2026/   31 Maret 2025/        31 Maret 2026/     31 Maret 2025/
                                           March 31, 2026   March 31, 2025        March 31, 2026     March 31, 2025

          PT Hitachi Construction                                                                                           PT Hitachi Construction
             Machinery Indonesia               50.613.783          34.823.108              20,91%            12,18%         Machinery Indonesia
          Hitachi Construction Machinery                                                                            Hitachi Construction Machinery
             Asia and Pacific Pte. Ltd.,                                                                               Asia and Pacific Pte. Ltd.,
             Singapura                         45.072.932          29.722.363              18,62%            10,40%                   Singapore
          Wenco International Mining                                                                                    Wenco International Mining
             Systems Ltd., Kanada               1.029.361            270.449                0,43%             0,09%       Systems Ltd., Canada
          Hitachi Construction Machinery                                                                            Hitachi Construction Machinery
             Co. Ltd., Jepang                     229.290            264.693                0,09%             0,09%              Co. Ltd., Japan
          Bradken Resources Pty. Ltd.,                                                                               Bradken Resources Pty. Ltd.,
             Australia                             98.812             57.049                0,04%             0,02%                     Australia

          Total (Catatan 15)                   97.044.178          65.137.662              40,10%            22,78%                 Total (Note 15)



          Utang usaha kepada HCMI dan HMAP                                               Trade payables to HCMI and HMAP represent
          merupakan utang atas pembelian suku cadang                                     payables for purchases of spare parts and heavy
          dan alat berat (Catatan 33a).                                                  equipment (Note 33a).




                                                                       52

Page 437
                                                                                             The original financial statements included herein
                                                                                                              are in the Indonesian language.

           PT HEXINDO ADIPERKASA Tbk                                                    PT HEXINDO ADIPERKASA Tbk
       CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Maret 2026 dan untuk                                                As of March 31, 2026 and for
     Tahun yang Berakhir pada Tanggal Tersebut                                               the Year then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                        (Expressed in United States Dollar,
               Kecuali Dinyatakan Lain)                                                    Unless Otherwise Stated)


6.   SALDO DAN TRANSAKSI                      DENGAN        PIHAK            6. BALANCES   AND     TRANSACTIONS                           WITH
     BERELASI (lanjutan)                                                        RELATED PARTIES (continued)

     c.   Utang Usaha (lanjutan)                                                  c.   Trade Payables (continued)

          Utang usaha kepada Wenco International                                       Trade payables to Wenco International Mining
          Mining Systems Ltd., Kanada, HCM dan                                         Systems Ltd., Canada, HCM and Bradken
          Bradken Resources Pty. Ltd., Australia                                       Resources Pty. Ltd., Australia represent
          merupakan utang atas pembelian suku cadang.                                  payables for purchases of spare parts.

     d.   Utang Non-usaha                                                         d.    Non-trade Payables

          Rincian utang non-usaha dengan pihak berelasi                                The details of non-trade payables to related
          atas transaksi di luar usaha pokok Perusahaan                                parties from transactions outside the Company’s
          adalah sebagai berikut:                                                      main business are as follows:
                                                       Jumlah/                  Persentase Terhadap Total Liabilitas/
                                                       Amount                      Percentage to Total Liabilities

                                           31 Maret 2026/   31 Maret 2025/       31 Maret 2026/     31 Maret 2025/
                                           March 31, 2026   March 31, 2025       March 31, 2026     March 31, 2025

          Hitachi Construction Machinery                                                                           Hitachi Construction Machinery
             Asia and Pacific Pte. Ltd.,                                                                              Asia and Pacific Pte. Ltd.,
             Singapura                            350.225            159.679              0,14%              0,06%                   Singapore
          Hitachi Construction Machinery                                                                           Hitachi Construction Machinery
             Co. Ltd., Jepang                     232.906            224.393              0,10%              0,08%              Co. Ltd., Japan
          Hitachi Ltd., Jepang                     54.275             58.341              0,02%              0,02%             Hitachi Ltd., Japan
          Hitachi Asia Ltd., Singapura                  -             68.899                   -             0,02%    Hitachi Asia Ltd., Singapore

          Total                                   637.406            511.312              0,26%              0,18%                          Total



          Utang non-usaha kepada HCM, HMAP dan                                         Non-trade payables to HCM, HMAP and Hitachi
          Hitachi Asia Ltd., Singapura (“HAS”) merupakan                               Asia Ltd., Singapore (“HAS”) represent billings
          tagihan atas biaya-biaya Perusahaan yang                                     on reimbursement for expenses of the Company
          dibayarkan terlebih dahulu oleh HCM, HMAP                                    that were paid in advance by HCM, HMAP and
          dan HAS.                                                                     HAS.

          Utang non-usaha kepada Hitachi Ltd., Jepang                                  Non-trade payables to Hitachi Ltd., Japan
          merupakan tagihan atas penggunaan software.                                  represent claims on software usage.

          Pada tanggal 31 Maret 2026 dan 2025, utang                                   As of March 31, 2026 and 2025, non-trade
          non-usaha dengan pihak berelasi akan jatuh                                   payables to related parties are due in 1 month.
          tempo dalam jangka waktu 1 bulan.

          Rincian utang non-usaha dengan pihak berelasi                                The details of non-trade payables to related
          berdasarkan mata uang asal adalah sebagai                                    parties based on original currencies are as
          berikut:                                                                     follows:
                                                     31 Maret 2026/            31 Maret 2025/
                                                     March 31, 2026            March 31, 2025

          Dolar Amerika Serikat                                  407.500               139.936                               United States Dollar
          Yen Jepang                                                                                                               Japanese Yen
            (¥JP36.726.235                                                                                                     (JP¥36,726,235
            pada tanggal 31 Maret 2026                                                                                   as of March 31, 2026
            dan ¥JP45.472.086                                                                                             and JP¥45,472,086
            pada tanggal 31 Maret 2025)                          229.906               302.389                          as of March 31, 2025)
          Dolar Singapura                                                                                                        Singapore Dollar
            ($SG92.239                                                                                                             (SG$92,239
            pada tanggal 31 Maret 2025)                                -                 68.987                         as of March 31, 2025)

          Total                                                  637.406               511.312                                              Total




                                                                      53

Page 438
                                                                                            The original financial statements included herein
                                                                                                             are in the Indonesian language.

           PT HEXINDO ADIPERKASA Tbk                                              PT HEXINDO ADIPERKASA Tbk
       CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Maret 2026 dan untuk                                          As of March 31, 2026 and for
     Tahun yang Berakhir pada Tanggal Tersebut                                         the Year then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                  (Expressed in United States Dollar,
               Kecuali Dinyatakan Lain)                                              Unless Otherwise Stated)


6.   SALDO DAN TRANSAKSI                   DENGAN        PIHAK           6. BALANCES   AND     TRANSACTIONS                                  WITH
     BERELASI (lanjutan)                                                    RELATED PARTIES (continued)

     e.   Penjualan dan Pembelian                                            e.     Sales and Purchases

          Rincian penjualan kepada pihak berelasi untuk                             The details of sales to related parties for the
          tahun yang berakhir pada tanggal-tanggal                                  years ended March 31, 2026 and 2025 are as
          31 Maret 2026 dan 2025 adalah sebagai                                     follows:
          berikut:
                                           Tahun yang berakhir pada tanggal 31 Maret/Year ended March 31,

                                                                                     Persentase Terhadap
                                                                                      Penghasilan Neto/
                                                Jumlah/Amount                     Percentage to Net Revenues

                                           2026               2025                 2026                2025

          Penjualan Alat Berat,
             Suku Cadang,                                                                                                Sales of Heavy Equipment,
             Jasa Pemeliharaan dan                                                                                                     Spare Parts,
             Perbaikan, dan Jasa                                                                                        Repair and Maintenance,
             Penyewaan Alat Berat                                                                                                    and Rental of,
             (Catatan 23)                                                                                             Heavy Equipment (Note 23)
          PT Hexa Finance Indonesia         39.373.437          21.067.775                7,64%               4,03%        PT Hexa Finance Indonesia
          Hitachi Construction Machinery                                                                               Hitachi Construction Machinery
             Asia and Pacific Pte. Ltd.,                                                                                  Asia and Pacific Pte. Ltd.,
             Singapura                       2.609.186            220.598                 0,51%               0,04%                      Singapore
          Hitachi Construction Machinery                                                                               Hitachi Construction Machinery
             (Malaysia) Sdn. Bhd.,                                                                                            (Malaysia) Sdn. Bhd.,
             Malaysia                        1.314.600                   -                0,26%                   -                         Malaysia
          Hitachi Construction Machinery                                                                               Hitachi Construction Machinery
             Co. Ltd., Thailand               887.600                    -                0,17%                   -               Co. Ltd., Thailand
          PT Hitachi Construction                                                                                              PT Hitachi Construction
             Machinery Indonesia               29.613              80.542                 0,01%               0,02%            Machinery Indonesia
          Hitachi Construction Machinery                                                                               Hitachi Construction Machinery
             Americas Inc.,                                                                                                           Americas Inc.,
             Amerika Serikat                         -            151.420                     -               0,03%        United States of America

          Total                             44.214.436          21.520.335                8,58%               4,12%                             Total



          Rincian pembelian alat berat dan suku cadang                              The details of purchases of heavy equipment
          dari pihak berelasi untuk tahun yang berakhir                             and spare parts from related parties for the
          pada tanggal-tanggal 31 Maret 2026 dan 2025                               years ended March 31, 2026 and 2025 are as
          adalah sebagai berikut:                                                   follows:

                                           Tahun yang berakhir pada tanggal 31 Maret/Year ended March 31,

                                                                                     Persentase Terhadap
                                                                                      Penghasilan Neto/
                                                Jumlah/Amount                     Percentage to Net Revenues

                                           2026               2025                 2026                2025

          Pembelian Alat Berat dan                                                                               Purchases of Heavy Equipment
             Suku Cadang (Catatan 24)                                                                              and Spare Parts (Note 24)
          PT Hitachi Construction                                                                                          PT Hitachi Construction
             Machinery Indonesia           184.791.887       203.200.397              35,85%              38,87%           Machinery Indonesia
          Hitachi Construction Machinery                                                                           Hitachi Construction Machinery
             Asia and Pacific Pte. Ltd.,                                                                              Asia and Pacific Pte. Ltd.,
             Singapura                      62.694.266       113.652.330              12,16%              21,74%                     Singapore
          Wenco International Mining                                                                                   Wenco International Mining
             Systems Ltd., Kanada            1.534.118            146.560                 0,30%            0,03%         Systems Ltd., Canada
          Hitachi Construction Machinery                                                                           Hitachi Construction Machinery
             Co. Ltd., Jepang                 837.253             408.800                 0,16%            0,08%                Co. Ltd., Japan
          Bradken Resources Pty. Ltd.,                                                                               Bradken Resources Pty. Ltd.,
             Australia                        370.103             522.527                 0,07%            0,10%                       Australia
          PT Bradken Indonesia                  8.974              38.187                 0,00%            0,01%            PT Bradken Indonesia
          Hitachi Kenki Logistics                                                                                           Hitachi Kenki Logistics
             Technology Co. Ltd., Jepang             -            459.814                     -            0,09%   Technology Co. Ltd., Japan


          Total                            250.236.601       318.428.615              48,55%              60,92%                                Total




                                                                   54

Page 439
                                                                                    The original financial statements included herein
                                                                                                     are in the Indonesian language.

           PT HEXINDO ADIPERKASA Tbk                                          PT HEXINDO ADIPERKASA Tbk
       CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Maret 2026 dan untuk                                      As of March 31, 2026 and for
     Tahun yang Berakhir pada Tanggal Tersebut                                     the Year then Ended
       (Disajikan dalam Dolar Amerika Serikat,                              (Expressed in United States Dollar,
               Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


6.   SALDO DAN TRANSAKSI                 DENGAN       PIHAK           6. BALANCES   AND     TRANSACTIONS                      WITH
     BERELASI (lanjutan)                                                 RELATED PARTIES (continued)

     Kompensasi Manajemen Kunci                                         Key Management Compensation

     Dalam       melakukan   aktivitas   operasionalnya,                In the operational activities, the Company has
     Perusahaan memiliki beberapa personil kunci yang                   several key personnel consisting of the Boards of
     terdiri dari Dewan Komisaris dan Direksi.                          Commissioners and Directors.

     Jumlah kompensasi untuk manajemen kunci untuk                      The compensation to key management for the years
     tahun yang berakhir pada tanggal-tanggal                           ended March 31, 2026 and 2025 is as follows:
     31 Maret 2026 dan 2025 adalah sebagai berikut:

                                                        Tahun yang berakhir
                                                       pada tanggal 31 Maret/
                                                       Year ended March 31,

                                                     2026                 2025
      Dewan Komisaris                                                                                       Board of Commissioners
         Imbalan kerja jangka pendek                        36.018              36.406              Short-term employee benefits
      Direksi                                                                                                            Directors
         Imbalan kerja jangka pendek                     675.708             626.804                Short-term employee benefits

      Total                                              711.726             663.210                                            Total


     Transaksi afiliasi yang dilakukan oleh Perusahaan                  Affiliate transactions conducted by the Company are
     merupakan kegiatan usaha yang dijalankan dalam                     business activities carried out in order to generate
     rangka menghasilkan pendapatan usaha dan                           operating income and are performed on a routine,
     dilakukan secara rutin berulang atau berkelanjutan.                recurring, or continuous basis. The Company's
     Manajemen Perusahaan berkeyakinan bahwa                            management believes that affiliate transactions are
     transaksi afiliasi dilakukan sesuai praktik bisnis yang            conducted in accordance with prevailing business
     berlaku umum.                                                      practices.
     Hubungan antara Perusahaan dan pihak berelasi                      The nature of relationship of the Company with
     adalah sebagai berikut:                                            related parties is as follows:
                 Hubungan/Nama Pihak Berelasi                                    Relationship/Name of Related Parties
      Pemegang Saham                                                     Shareholders
      1. Hitachi Construction Machinery Co. Ltd., Jepang                 1. Hitachi Construction Machinery Co. Ltd., Japan
      2. Hitachi Construction Machinery Asia and Pacific                 2. Hitachi Construction Machinery Asia and Pacific Pte.
            Pte. Ltd., Singapura                                              Ltd., Singapore
      3. ITOCHU Corporation, Jepang                                      3. ITOCHU Corporation, Japan

      Entitas Sepengendali                                               Entities under Common Control
      1. PT Hitachi Construction Machinery Indonesia                     1. PT Hitachi Construction Machinery Indonesia
      2. Hitachi Asia Ltd., Singapura                                    2. Hitachi Asia Ltd., Singapore
      3. Hitachi Construction Machinery Americas Inc.,                   3. Hitachi Construction Machinery Americas Inc.,
         Amerika Serikat                                                    United States of America
      4. Hitachi Construction Machinery (Malaysia) Sdn. Bhd.,            4. Hitachi Construction Machinery (Malaysia) Sdn. Bhd.,
            Malaysia                                                          Malaysia
      5. Hitachi Construction Machinery Australia Pty. Ltd.,             5. Hitachi Construction Machinery Australia Pty. Ltd.,
            Australia                                                         Australia
      6. Wenco International Mining Systems Ltd., Kanada                 6. Wenco International Mining Systems Ltd., Canada
      7. PT Bradken Indonesia                                            7. PT Bradken Indonesia
      8. Bradken Resources Pty Ltd., Australia                           8. Bradken Resources Pty Ltd., Australia
      9. Tata Hitachi Construction Machinery Company Private             9. Tata Hitachi Construction Machinery Company Private
            Limited, India                                                    Limited, India
     10. Hitachi Ltd., Jepang                                           10. Hitachi Ltd., Japan
     11. Hitachi Construction Truck Manufacturing Ltd., Kanada          11. Hitachi Construction Truck Manufacturing Ltd., Canada
     12. Hitachi Kenki Logistics Technology Co. Ltd., Jepang            12. Hitachi Kenki Logistics Technology Co. Ltd., Japan
     13. Hitachi Construction Machinery Co. Ltd., Thailand              13. Hitachi Construction Machinery Co. Ltd., Thailand

      Entitas Asosiasi yang Merupakan Anggota Kelompok                  Associate of a Member of a Group of which the Company
      Usaha dimana Perusahaan adalah Anggotanya                         is a Member
      1. PT Hexa Finance Indonesia                                      1. PT Hexa Finance Indonesia

                                                                 55

Page 440
                                                                            The original financial statements included herein
                                                                                             are in the Indonesian language.

           PT HEXINDO ADIPERKASA Tbk                                     PT HEXINDO ADIPERKASA Tbk
       CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Maret 2026 dan untuk                                 As of March 31, 2026 and for
     Tahun yang Berakhir pada Tanggal Tersebut                                the Year then Ended
       (Disajikan dalam Dolar Amerika Serikat,                         (Expressed in United States Dollar,
               Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


7.   PERSEDIAAN - NETO                                          7. INVENTORIES - NET

     Akun ini terdiri dari:                                        This account consists of:

                                           31 Maret 2026/       31 Maret 2025/
                                           March 31, 2026       March 31, 2025

     Barang dagangan                                                                                Merchandise inventories
       Suku cadang                              128.762.809         135.792.639                               Spare parts
       Alat berat                                86.134.427          65.900.332                         Heavy equipment
     Barang dalam proses                          2.535.820           2.956.750                           Work in-process
     Barang dalam perjalanan                     11.114.501          11.261.363                            Goods in transit

     Total                                      228.547.557         215.911.084                                        Total
     Cadangan penurunan nilai pasar              (3.822.582)         (4.057.936)       Allowance for decline in market value

     Neto                                       224.724.975         211.853.148                                          Net


     Mutasi cadangan penurunan nilai pasar persediaan              The movements of allowance for decline in market
     untuk tahun yang berakhir pada tanggal-tanggal                value of inventories for the years ended
     31 Maret 2026 dan 2025 adalah sebagai berikut:                March 31, 2026 and 2025 are as follows:

                                                  Tahun yang berakhir
                                                 pada tanggal 31 Maret/
                                                 Year ended March 31,

                                                2026                2025

     Saldo awal                                   4.057.936           3.458.698                           Beginning balance
     Penyisihan selama tahun berjalan             1.655.856             977.021                     Provision during the year
     Penghapusan selama tahun berjalan           (1.891.210)           (377.783)                    Write-off during the year

     Saldo akhir                                 3.822.582            4.057.936                             Ending balance


     Penyisihan penurunan nilai pasar persediaan untuk             Provision for decline in market value of inventories
     tahun yang berakhir pada tanggal-tanggal                      for the years ended March 31, 2026 and 2025
     31 Maret 2026 dan 2025 masing-masing sebesar                  amounting to US$1,655,856 and US$977,021,
     $AS1.655.856 dan $AS977.021 dicatat sebagai                   respectively, presented as part of “Cost of Revenues”
     bagian dari akun “Beban Pokok Penghasilan” pada               account in the statements of profit or loss and other
     laporan laba rugi dan penghasilan komprehensif lain           comprehensive income (Notes 24 and 34).
     (Catatan 24 dan 34).

     Manajemen Perusahaan berkeyakinan bahwa                       The Company’s management believes that the
     jumlah cadangan tersebut cukup untuk menutup                  allowance for inventories is adequate to cover
     kemungkinan kerugian dari penurunan nilai pasar               possible losses from decline in market value of
     atas persediaan.                                              inventories.

     Seluruh persediaan telah diasuransikan terhadap               All inventories are covered by insurance against
     risiko kebakaran dan risiko lainnya berdasarkan               losses from fire and other risks under blanket policies
     suatu paket polis tertentu dengan jumlah                      amounting to US$600,337,000 as of March 31, 2026
     pertanggungan sebesar $AS600.337.000 pada                     and US$702,062,271 as of March 31, 2025, which
     tanggal 31 Maret 2026 dan $AS702.062.271 pada                 the Company’s management believes is adequate to
     tanggal 31 Maret 2025 yang menurut pendapat                   cover possible losses arising from such risks.
     manajemen Perusahaan nilai pertanggungan
     tersebut cukup untuk menutup kemungkinan
     kerugian dari risiko-risiko tersebut.

     Pada tanggal 31 Maret 2026 dan 2025, tidak                    As of March 31, 2026 and 2025, there are no
     terdapat persediaan yang dijaminkan.                          inventories pledged as collateral.




                                                           56

Page 441
                                                                               The original financial statements included herein
                                                                                                are in the Indonesian language.

           PT HEXINDO ADIPERKASA Tbk                                     PT HEXINDO ADIPERKASA Tbk
       CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Maret 2026 dan untuk                                 As of March 31, 2026 and for
     Tahun yang Berakhir pada Tanggal Tersebut                                the Year then Ended
       (Disajikan dalam Dolar Amerika Serikat,                         (Expressed in United States Dollar,
               Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


8.   UANG MUKA DAN BIAYA DIBAYAR DI MUKA                       8.   ADVANCES AND PREPAID EXPENSES

     a.   Uang muka                                                 a.     Advances

          Pada tanggal 31 Maret 2026 dan 2025, uang                        As of March 31, 2026 and 2025, advances
          muka masing-masing sebesar AS$1.379.262                          amounting US$1,379,262 and US$2,447,955,
          dan AS$2.447.955 terutama merupakan uang                         respectively, mainly represents advances paid
          muka atas pembelian persediaan alat berat.                       for purchase of heavy equipment inventories.

     b.   Biaya dibayar di muka                                     b.     Prepaid expenses

          Pada tanggal 31 Maret 2026 dan 2025, biaya                       As of March 31, 2026 and 2025, prepaid
          dibayar di muka masing-masing sebesar                            expenses amounting to US$379,394          and
          $AS379.394 dan $AS344.179 terutama                               US$344,179, respectively, mainly represents
          merupakan asuransi dan sewa yang telah                           insurance and rent paid in advance for certain
          dibayarkan untuk jangka waktu tertentu.                          period.


9.   ASET KEUANGAN TIDAK LANCAR                                9.   NON-CURRENT FINANCIAL ASSETS

     Aset keuangan tidak lancar merupakan penyertaan                Non-current financial assets represent investment in
     saham sebanyak 45.000.000 saham atau 15%                       45,000,000 shares or 15% share ownership in
     kepemilikan di PT Hexa Finance Indonesia (“Hexa”),             PT Hexa Finance Indonesia (“Hexa”), a related
     pihak berelasi, dengan harga akuisisi sebesar                  party, with acquisition price amounting to
     Rp45.000.000.000 (setara dengan $AS4.579.765).                 Rp45,000,000,000 (equivalent to US$4,579,765).

     Mutasi perubahan nilai wajar investasi saham                   Movement of changes in fair value of the investment
     adalah sebagai berikut                                         in shares of stock are as follows:

                                                 Tahun yang berakhir
                                                pada tanggal 31 Maret/
                                                Year ended March 31,

                                               2026                  2025

     Saldo awal                                  4.823.537               5.236.399                           Beginning balance
     Perubahan nilai wajar investasi saham         (66.927)               (412.862)   Fair value change of investment in shares

     Saldo akhir                                 4.756.610               4.823.537                             Ending balance


     Pada tanggal 25 Juni 2025, Perusahaan menerima                 On June 25, 2025, the Company received cash
     dividen kas dari Hexa sebesar Rp8.571.600.000                  dividends from Hexa amounting to Rp8,571,600,000
     (setara dengan $AS527.325), disajikan sebagai                  (equivalent to US$527,325), presented as part of
     bagian dari “Pendapatan Lainnya” dalam laporan                 “Other Income” in the statement of profit or loss and
     laba rugi dan penghasilan komprehensif lain                    other comprehensive income (Note 27).
     (Catatan 27).

     Pada tanggal 31 Mei 2024, Perusahaan menerima                  On May 31, 2024, the Company received cash
     dividen kas dari Hexa sebesar Rp5.871.900.000                  dividends from Hexa amounting to Rp5,871,900,000
     (setara dengan $AS363.353), disajikan sebagai                  (equivalent to US$363,353), presented as part of
     bagian dari “Pendapatan Lainnya” dalam laporan                 “Other Income” in the statement of profit or loss and
     laba rugi dan penghasilan komprehensif lain                    other comprehensive income (Note 27).
     (Catatan 27).




                                                          57

Page 442
                                                                                                    The original financial statements included herein
                                                                                                                     are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                                           PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                                       As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                                      the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                                               (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                                           Unless Otherwise Stated)


10. ASET TETAP - NETO                                                            10. FIXED ASSETS - NET

   Akun ini terdiri dari:                                                                This account consists of:
                                                      Tahun yang berakhir pada tanggal 31 Maret 2026/
                                                               Year ended March 31, 2026

                                     Saldo Awal/                                                             Saldo Akhir/
                                      Beginning     Penambahan/        Reklasifikasi/     Pengurangan/         Ending
                                       Balance       Additions       Reclassifications     Deductions          Balance

    Harga Perolehan                                                                                                                                     Cost
    Tanah                              10.458.537               -                  -                   -        10.458.537                              Land
    Bangunan                           31.989.162               -            560.458               5.230        32.544.390                          Buildings
    Mesin                              10.707.230         145.999            340.987             300.006        10.894.210                         Machinery
    Kendaraan                          11.368.781       1.827.195          2.265.686           1.268.493        14.193.169                           Vehicles
    Peralatan kantor                    7.648.678         199.209             37.113             301.614         7.583.386                  Office equipment
    Perabotan kantor                    3.147.513          53.025                660              33.618         3.167.580             Furniture and fixtures
    Peralatan pelayanan purna jual      6.784.686         210.971              4.467             131.101         6.869.023     Tools for after-sales services
    Alat berat yang disewakan          29.801.721               -        (11.665.726)                  -        18.135.995        Heavy equipment - rental

    Sub-total                        111.906.308        2.436.399          (8.456.355)         2.040.062      103.846.290                          Sub-total

    Aset dalam pembangunan                292.652        529.346             (716.407)                   -         105.591         Construction in-progress

    Total Harga Perolehan            112.198.960        2.965.745          (9.172.762)         2.040.062      103.951.881                         Total Cost

    Akumulasi Penyusutan                                                                                                       Accumulated Depreciation
    Bangunan                           23.455.897       1.329.334                   -              4.062        24.781.169                          Buildings
    Mesin                               8.632.686         652.055              (4.956)           299.695         8.980.090                         Machinery
    Kendaraan                           8.613.734         980.530           2.215.882          1.268.493        10.541.653                           Vehicles
    Peralatan kantor                    6.348.631         507.983                   -            268.884         6.587.730                  Office equipment
    Perabotan kantor                    2.841.722         109.173                   -             33.295         2.917.600             Furniture and fixtures
    Peralatan pelayanan purna jual      6.542.647         232.895                   -            130.124         6.645.418     Tools for after-sales services
    Alat berat yang disewakan           8.617.528       3.165.276          (4.679.393)                 -         7.103.411        Heavy equipment - rental

    Total Akumulasi Penyusutan         65.052.845       6.977.246          (2.468.467)         2.004.553        67.557.071   Total Accumulated Depreciation

    Nilai Buku Neto                    47.146.115                                                               36.394.810                 Net Book Value



                                                      Tahun yang berakhir pada tanggal 31 Maret 2025/
                                                               Year ended March 31, 2025

                                     Saldo Awal/                                                             Saldo Akhir/
                                      Beginning     Penambahan/        Reklasifikasi/     Pengurangan/         Ending
                                       Balance       Additions       Reclassifications     Deductions          Balance

    Harga Perolehan                                                                                                                                     Cost
    Tanah                              10.458.537               -                   -                  -        10.458.537                              Land
    Bangunan                           31.426.645          22.524             546.320              6.327        31.989.162                          Buildings
    Mesin                              10.281.503       1.264.611            (672.224)           166.660        10.707.230                         Machinery
    Kendaraan                          10.754.595       2.419.577             734.948          2.540.339        11.368.781                           Vehicles
    Peralatan kantor                    7.382.136         245.891             193.148            172.497         7.648.678                  Office equipment
    Perabotan kantor                    3.084.295          75.609                   -             12.391         3.147.513             Furniture and fixtures
    Peralatan pelayanan purna jual      6.752.933         203.858                   -            172.105         6.784.686     Tools for after-sales services
    Alat berat yang disewakan          32.584.339               -          (2.782.618)                 -        29.801.721        Heavy equipment - rental

    Sub-total                        112.724.983        4.232.070          (1.980.426)         3.070.319      111.906.308                          Sub-total

    Aset dalam pembangunan              1.008.449        536.939           (1.252.736)                   -         292.652         Construction in-progress

    Total Harga Perolehan            113.733.432        4.769.009          (3.233.162)         3.070.319      112.198.960                         Total Cost

    Akumulasi Penyusutan                                                                                                       Accumulated Depreciation
    Bangunan                           22.100.112       1.378.403             (18.168)             4.450        23.455.897                          Buildings
    Mesin                               8.567.321         628.634            (396.609)           166.660         8.632.686                         Machinery
    Kendaraan                           9.756.971         662.154             734.948          2.540.339         8.613.734                           Vehicles
    Peralatan kantor                    5.936.325         564.354              18.168            170.216         6.348.631                  Office equipment
    Perabotan kantor                    2.748.279         105.813                   -             12.370         2.841.722             Furniture and fixtures
    Peralatan pelayanan purna jual      6.366.929         347.787                   -            172.069         6.542.647     Tools for after-sales services
    Alat berat yang disewakan           5.297.136       5.076.486          (1.756.094)                 -         8.617.528        Heavy equipment - rental

    Total Akumulasi Penyusutan         60.773.073       8.763.631          (1.417.755)         3.066.104        65.052.845   Total Accumulated Depreciation

    Nilai Buku Neto                    52.960.359                                                               47.146.115                 Net Book Value




                                                                          58

Page 443
                                                                            The original financial statements included herein
                                                                                             are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                      PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                  As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                 the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                          (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


10. ASET TETAP - NETO (lanjutan)                                10. FIXED ASSETS - NET (continued)

   Beban penyusutan dibebankan pada usaha untuk                    Depreciation expenses charged to operations for the
   tahun yang berakhir pada tanggal-tanggal                        years ended March 31, 2026 and 2025 are as
   31 Maret 2026 dan 2025 adalah sebagai berikut:                  follows:

                                                  Tahun yang berakhir
                                                 pada tanggal 31 Maret/
                                                 Year ended March 31,

                                               2026                 2025

    Beban pokok penghasilan -                                                                             Cost of revenues -
      jasa penyewaan alat berat dan                                                        rental of heavy equipment and
      pemeliharaan dan perbaikan                 3.542.683           4.734.085          repairs and maintenance services
    Beban umum dan administrasi                                                        General and administrative expenses
         (Catatan 26)                            3.434.563           4.029.546                                  (Note 26)

    Total (Catatan 34)                           6.977.246           8.763.631                               Total (Note 34)


   Selama tahun 2026, beberapa mesin dan alat berat                During 2026, several machinery and heavy
   yang disewakan dengan harga perolehan sebesar                   equipment - rental with total cost of US$2,661,633
   $AS2.661.633 yang sebelumnya diklasifikasikan                   which were previously classified as part of
   sebagai      bagian   dari  akun   “Persediaan”                 “Inventories” account is reclassified as part of
   direklasifikasi   menjadi  bagian   dari   akun                 “Fixed Assets” account.
   “Aset Tetap”.

   Selama tahun 2026, beberapa mesin dan alat berat                During 2026, several machinery and heavy
   yang disewakan dengan nilai buku neto sebesar                   equipment - rental with net book value of
   $AS7.432.083 yang sebelumnya diklasifikasikan                   US$7,432,083 which were previously classified as
   sebagai bagian dari akun “Aset Tetap” direklasifikasi           part of “Fixed Assets” account is reclassified as part
   menjadi bagian dari akun “Persediaan”.                          of “Inventories” account.

   Selama tahun 2026, aset dalam pembangunan                       During 2026, construction in-progress amounting to
   sebesar $AS2.258 direklasifikasi menjadi bagian                 US$2,258 is reclassified as part of “Intangible
   dari akun “Aset Takberwujud” (Catatan 12).                      Assets” account (Note 12).

   Selama tahun 2026, beberapa kendaraan dengan                    During 2026, several vehicles with net book value of
   nilai buku neto sebesar nihil yang sebelumnya                   nil which were previously classified as part of
   diklasifikasikan sebagai bagian dari akun                       “Right-of-use Assets” account is reclassified as part
   “Aset Hak-guna” direklasifikasi menjadi bagian dari             of “Fixed Assets” account.
   akun “Aset Tetap”.

   Selama tahun 2025, beberapa mesin dan alat berat                During 2025, several machinery and heavy
   yang disewakan dengan harga perolehan sebesar                   equipment - rental with total cost of US$2,233,672
   $AS2.233.672 yang sebelumnya diklasifikasikan                   which were previously classified as part of
   sebagai      bagian   dari  akun   “Persediaan”                 “Inventories” account is reclassified as part of
   direklasifikasi   menjadi  bagian   dari   akun                 “Fixed Assets” account.
   “Aset Tetap”.

   Selama tahun 2025, beberapa mesin dan alat berat                During 2025, several machinery and heavy
   yang disewakan dengan nilai buku neto sebesar                   equipment - rental with net book value of
   $AS3.537.162 yang sebelumnya diklasifikasikan                   US$3,537,162 which were previously classified as
   sebagai bagian dari akun “Aset Tetap” direklasifikasi           part of “Fixed Assets” account is reclassified as part
   menjadi bagian dari akun “Persediaan”.                          of “Inventories” account.

   Selama tahun 2025, aset dalam pembangunan                       During 2025, construction in-progress amounting to
   sebesar $AS511.917 direklasifikasi menjadi bagian               US$511,917 is reclassified as part of “Intangible
   dari akun “Aset Takberwujud” (Catatan 12).                      Assets” account (Note 12).




                                                           59

Page 444
                                                                                       The original financial statements included herein
                                                                                                        are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                               PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                           As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                          the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                                   (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                               Unless Otherwise Stated)


10. ASET TETAP - NETO (lanjutan)                                        10. FIXED ASSETS - NET (continued)

   Selama tahun 2025, beberapa kendaraan dengan                             During 2025, several vehicles with net book value of
   nilai buku neto sebesar nihil yang sebelumnya                            nil which were previously classified as part of
   diklasifikasikan sebagai bagian dari akun “Aset Hak-                     “Right-of-use Assets” account is reclassified as part
   guna” direklasifikasi menjadi bagian dari akun                           of “Fixed Assets” account.
   “Aset Tetap”.

   Perusahaan memiliki tanah dengan status                                  The     Company’s       land   are    registered   as
   “Hak Guna Bangunan” (“HGB”). Pada tanggal                                “Building Usage Right” (“HGB”) (non-ownership with
   31 Maret 2026 dan 2025, periode HGB tersebut                             limited duration). As of March 31, 2026 and 2025, the
   akan berakhir antara tahun 2026 sampai dengan                            related landright under HGB will expire between
   tahun    2045   dan manajemen Perusahaan                                 2026 to 2045 and the Company’s management
   berkeyakinan    bahwa     hak   tersebut   dapat                         believes that these rights are renewable upon their
   diperpanjang pada saat akhir masa berlakunya.                            expiry.

   Rincian aset dalam pembangunan adalah sebagai                            The details of construction in-progress are as follows:
   berikut:

                                                      31 Maret 2026/March 31, 2026

                                    Perkiraan %              Jumlah                     Tahun
                                   Penyelesaian/            Tercatat/           Perkiraan Penyelesaian/
                                    Estimated %             Carrying               Estimated Year of
                                   of Completion            Amount                    Completion

   Bangunan                        11,88% - 75,00%                105.591           Juni 2026/June 2026                       Buildings


                                                      31 Maret 2025/March 31, 2025

                                    Perkiraan %              Jumlah                     Tahun
                                   Penyelesaian/            Tercatat/           Perkiraan Penyelesaian/
                                    Estimated %             Carrying               Estimated Year of
                                   of Completion            Amount                    Completion

   Bangunan                        11,81% - 75,00%                292.652      Agustus 2025/August 2025                       Buildings



   Rincian laba atas penjualan aset tetap dan rugi atas                     The details of gain on sale of fixed assets and loss
   penghapusan aset tetap untuk tahun yang berakhir                         on disposal of fixed assets for the years ended March
   pada tanggal-tanggal 31 Maret 2026 dan 2025                              31, 2026 and 2025 are as follows:
   adalah sebagai berikut:

                                                       Tahun yang berakhir
                                                      pada tanggal 31 Maret/
                                                      Year ended March 31,

                                                     2026                    2025

    Harga jual                                          255.809                 614.209                                       Proceeds
    Nilai buku neto                                        (702)                      -                                  Net book value

    Laba atas penjualan                                                                                                  Gain on sale of
      aset tetap - neto (Catatan 27)                    255.107                 614.209                   fixed assets - net (Note 27)

    Rugi atas penghapusan                                                                                          Loss on disposal of
      aset tetap - neto (Catatan 27)                    (34.729)                    (4.215)               fixed assets - net (Note 27)


   Pada tanggal 31 Maret 2026 dan 2025, Perusahaan                          As of March 31, 2026 and 2025, the Company
   menggunakan aset tetap yang sudah tidak memiliki                         utilized fixed assets which are fully depreciated with
   nilai  buku   dengan     total  nilai  perolehan                         total acquisition cost amounting to US$37,549,272
   masing-masing sebesar $AS37.549.272 dan                                  and US$34,982,151, respectively.
   $AS34.982.151.



                                                                60

Page 445
                                                                                                The original financial statements included herein
                                                                                                                 are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                                        PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                                    As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                                   the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                                            (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                                        Unless Otherwise Stated)


10. ASET TETAP - NETO (lanjutan)                                             10. FIXED ASSETS - NET (continued)

   Aset tetap, kecuali tanah, telah diasuransikan                                    Fixed assets, except for land, are covered by
   terhadap risiko kebakaran dan risiko lainnya dengan                               insurance against losses by fire and other risks under
   jumlah pertanggungan sebesar $AS40.175.479 dan                                    blanket policies amounting to US$40,175,479 and
   Rp111.760.258.227 (setara dengan $AS6.576.841)                                    Rp111,760,258,227 (equivalent to US$6,576,841) as
   pada tanggal 31 Maret 2026 dan AS$40.877.787                                      of March 31, 2026 and US$40,877,787 and
   dan     Rp103.056.537.466        (setara     dengan                               Rp103,056,537,466 (equivalent to US$6,212,716) as
   $AS6.212.716) pada tanggal 31 Maret 2025, yang                                    of March 31, 2025, which the Company’s
   menurut pendapat manajemen Perusahaan nilai                                       management believes is adequate to cover possible
   pertanggungan tersebut cukup untuk menutup                                        losses arising from such risks.
   kemungkinan kerugian dari risiko-risiko tersebut.

   Pada tanggal 31 Maret 2026 dan 2025, manajemen                                    As of March 31, 2026 and 2025, the Company’s
   Perusahaan berkeyakinan tidak terdapat keadaan                                    management believes that there are no events or
   yang memberikan indikasi terjadinya penurunan nilai                               conditions that may indicate impairment in value of
   aset tetap.                                                                       fixed assets.


11. SEWA                                                                     11. LEASE

   Rincian aset hak-guna adalah sebagai berikut:                                     The details of right-of-use assets are as follows:
                                                  Tahun yang berakhir pada tanggal 31 Maret 2026/
                                                           Year ended March 31, 2026

                                 Saldo Awal/                                                            Saldo Akhir/
                                  Beginning     Penambahan/        Reklasifikasi/      Pengurangan/       Ending
                                   Balance       Additions       Reclassifications      Deductions        Balance

    Harga Perolehan                                                                                                                               Cost
    Bangunan                        2.400.527       1.216.585                  -           1.314.219        2.302.893                         Buildings
    Kendaraan                       4.996.194               -         (2.215.882)             32.782        2.747.530                         Vehicles

    Total Harga Perolehan           7.396.721       1.216.585         (2.215.882)          1.347.001        5.050.423                        Total Cost

    Akumulasi Penyusutan                                                                                                    Accumulated Depreciation
    Bangunan                        1.131.501       1.418.199                   -          1.199.680        1.350.020                      Buildings
    Kendaraan                       3.347.829       1.243.785         (2.215.882)             25.497        2.350.235                       Vehicles

    Total Akumulasi Penyusutan      4.479.330       2.661.984         (2.215.882)          1.225.177        3.700.255    Total Accumulated Depreciation

    Nilai Buku Neto                 2.917.391                                                               1.350.168                  Net Book Value



                                                  Tahun yang berakhir pada tanggal 31 Maret 2025/
                                                           Year ended March 31, 2025

                                 Saldo Awal/                                                            Saldo Akhir/
                                  Beginning     Penambahan/        Reklasifikasi/      Pengurangan/       Ending
                                   Balance       Additions       Reclassifications      Deductions        Balance

    Harga Perolehan                                                                                                                               Cost
    Bangunan                        2.250.105       1.242.777                  -           1.092.355        2.400.527                         Buildings
    Kendaraan                       5.461.302         269.840           (734.948)                  -        4.996.194                         Vehicles

    Total Harga Perolehan           7.711.407       1.512.617           (734.948)          1.092.355        7.396.721                        Total Cost

    Akumulasi Penyusutan                                                                                                    Accumulated Depreciation
    Bangunan                        1.014.708       1.182.014                  -           1.065.221        1.131.501                      Buildings
    Kendaraan                       2.382.514       1.700.263           (734.948)                  -        3.347.829                       Vehicles

    Total Akumulasi Penyusutan      3.397.222       2.882.277           (734.948)          1.065.221        4.479.330    Total Accumulated Depreciation

    Nilai Buku Neto                 4.314.185                                                               2.917.391                  Net Book Value




                                                                      61

Page 446
                                                                           The original financial statements included herein
                                                                                            are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                      PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                  As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                 the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                          (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


11. SEWA (lanjutan)                                            11. LEASE (continued)

   Selama tahun 2026 dan 2025, beberapa kendaraan                 During 2026 and 2025, several vehicles were fully
   yang telah sepenuhnya disusutkan dan sebelumnya                depreciated and previously classified as part of the
   diklasifikasikan sebagai bagian dari akun “Aset Hak-           “Right-of-use Assets” account were reclassified to
   guna” telah direklasifikasi menjadi bagian dari akun           the “Fixed Assets” account.
   “Aset Tetap” untuk mencerminkan sifat aset
   tersebut.

   Perusahaan memiliki komitmen liabilitas sewa atas              The Company has lease liabilities commitments for
   kendaraan dan bangunan yang akan jatuh tempo                   vehicles and buildings with expiring on various dates
   pada berbagai tanggal dengan perincian sebagai                 with details as follows:
   berikut:

                                          31 Maret 2026/       31 Maret 2025/
                                          March 31, 2026       March 31, 2025

    Pihak ketiga:                                                                                            Third parties:
      PT Arthaasia Finance                        288.417            1.404.857                    PT Arthaasia Finance
      PT Mandiri Tunas Finance                     31.146               57.425                PT Mandiri Tunas Finance
      Lain-lain                                    68.554                    -                                   Others
    Dikurangi beban bunga                         (10.808)            (101.555)        Less amount representing to interest

    Neto                                          377.309            1.360.727                                          Net
    Dikurangi bagian yang jatuh                                                                               Less current
      tempo dalam satu tahun                                                                                  maturities
      Pihak ketiga:                                                                                        Third parties:
         PT Arthaasia Finance                    (278.669 )         (1.021.223)                 PT Arthaasia Finance
         PT Mandiri Tunas Finance                 (23.911 )            (23.246)             PT Mandiri Tunas Finance
         Lain-lain                                (68.554)                   -                                Others

    Sub-total                                     (371.134)         (1.044.469)                                    Sub-total
    Bagian jangka panjang                                                                              Long-term maturities
      Pihak ketiga:                                                                                        Third parties:
         PT Arthaasia Finance                             -            285.441                  PT Arthaasia Finance
         PT Mandiri Tunas Finance                     6.175             30.817              PT Mandiri Tunas Finance

    Total                                             6.175            316.258                                         Total


   Jumlah yang diakui dalam laporan arus kas adalah               Amounts recognized in the statements of cash flow
   sebagai berikut:                                               are as follows:

                                                 Tahun yang berakhir
                                                pada tanggal 31 Maret/
                                                Year ended March 31,

                                               2026                2025

    Jumlah kas keluar untuk                                                                        Total cash outflows for
      Pembayaran liabilitas sewa                2.181.581            2.688.087               Payments of lease liabilities
      Pembayaran bunga                             90.508              240.994                    Payments of interest

    Total                                       2.272.089            2.929.081                                         Total




                                                          62

Page 447
                                                                                           The original financial statements included herein
                                                                                                            are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                                      PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                                  As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                                 the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                                          (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                                      Unless Otherwise Stated)


11. SEWA (lanjutan)                                                       11. LEASE (continued)

   Biaya yang diakui dalam laba rugi terkait dengan                            The following are the amounts recognized in profit or
   perjanjian sewa menyewa Perusahaan adalah                                   loss related to lease agreements of the Company:
   sebagai berikut:
                                                          Tahun yang berakhir
                                                         pada tanggal 31 Maret/
                                                         Year ended March 31,
                                                        2026                    2025
    Penyusutan aset hak-guna: (Catatan 34)                                                          Depreciation right-of-use assets: (Note 34)
      Beban pokok penghasilan                                  59.289                 210.557                               Cost of revenues
      Beban penjualan                                          32.928                  12.610                               Selling expenses
      Beban umum dan administrasi                                                                     General and administrative expenses
         (Catatan 26)                                    2.569.767                   2.659.110                                    (Note 26)
    Rugi atas penghapusan aset hak-guna                                                                Loss on disposal of right-of-use assets
      (Catatan 28)                                         114.539                     27.134                                       (Note 28)
    Bunga atas liabilitas sewa (Catatan 30)                 90.508                    240.994            Interest on lease liabilities (Note 30)
    Beban terkait liabilitas sewa bernilai                                                                 Expenses related to low value and
      rendah dan jangka pendek                             163.912                    390.904                      short-term lease liabilities

    Total                                                3.030.943                   3.541.309                                             Total


   Ringkasan komponen perubahan liabilitas yang                                Summary of component of changes in the liabilities
   timbul dari sewa adalah sebagai berikut:                                    arising from leases is as follow:

                                                          Tahun yang berakhir
                                                         pada tanggal 31 Maret/
                                                         Year ended March 31,
                                                        2026                    2025
    Saldo awal                                           1.360.727                   2.610.935                             Beginning balance
    Perubahan non-kas - penambahan                       1.216.585                   1.512.617                   Non-cash changes - additions
    Arus kas                                            (2.181.581)                 (2.688.087)                                   Cash flows
    Perubahan non-kas - penghapusan                         (6.126)                          -                   Non-cash changes - disposal
    Laba selisih kurs                                      (12.296)                    (74.738)                    Gains on foreign exchange
    Saldo akhir                                            377.309                   1.360.727                                Ending balance


   Nilai kini dari jadwal pembayaran liabilitas sewa                           The present values of the scheduled payments of the
   berdasarkan tahun jatuh tempo adalah sebagai                                lease liabilities by the year of maturity are as follows:
   berikut:
                                                   31 Maret 2026/March 31, 2026
                                      Pembayaran
                                     Liabilitas Sewa
                                        Minimum/
                                     Minimum Lease         Komponen Bunga/               Nilai Kini/
                                        Payment           Interest Component           Present Value
  Sampai dengan satu tahun                    381.888                    (10.754)                 371.134                         Within one year
  Lebih dari satu tahun tapi tidak                                                                                         More than one year but
    lebih dari lima tahun                       6.229                        (54)                   6.175                no more than five years
  Total                                       388.117                    (10.808)                 377.309                                  Total


                                                   31 Maret 2025/March 31, 2025
                                      Pembayaran
                                     Liabilitas Sewa
                                        Minimum/
                                     Minimum Lease         Komponen Bunga/               Nilai Kini/
                                        Payment           Interest Component           Present Value
  Sampai dengan satu tahun                  1.134.953                    (90.484)                1.044.469                        Within one year
  Lebih dari satu tahun tapi tidak                                                                                         More than one year but
    lebih dari lima tahun                     327.329                    (11.071)                 316.258                no more than five years
  Total                                     1.462.282                   (101.555)                1.360.727                                 Total


                                                                   63

Page 448
                                                                                                The original financial statements included herein
                                                                                                                 are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                                        PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                                    As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                                   the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                                            (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                                        Unless Otherwise Stated)


11. SEWA (lanjutan)                                                          11. LEASE (continued)

   Tingkat bunga per tahun                                                           Interest rates per annum

   Tingkat bunga pada tahun 2026 dan 2025 berkisar                                   Interest rates in 2026 and 2025 ranged from
   antara 5,23% - 6,25%.                                                             5.23% - 6.25%.

   Seluruh aset yang diperoleh melalui perjanjian sewa                               All assets acquired under finance lease agreements
   pembiayaan digunakan sebagai jaminan atas                                         are used as collateral for the lease liabilities.
   liabilitas sewa.

   Pada tanggal 31 Maret 2026 dan 2025, manajemen                                    As of March 31, 2026 and 2025, the Company’s
   Perusahaan berkeyakinan tidak terdapat keadaan                                    management believes that there are no events or
   yang memberikan indikasi terjadinya penurunan nilai                               conditions that may indicate impairment in value of
   aset hak-guna.                                                                    right-of-use assets.

12. ASET TAKBERWUJUD - NETO                                                  12. INTANGIBLE ASSETS - NET
   Aset takberwujud merupakan pembelian piranti                                      Intangible assets represent purchase of software
   lunak yang digunakan untuk kegiatan usaha                                         application used for the Company’s operations and
   Perusahaan dan biaya perpanjangan HGB.                                            extension fee of HGB.
   Mutasi aset takberwujud untuk tahun yang berakhir                                 Movements of intangible assets for the years ended
   pada tanggal-tanggal 31 Maret 2026 dan 2025                                       March 31, 2026 and 2025 are as follows:
   adalah sebagai berikut:
                                                  Tahun yang berakhir pada tanggal 31 Maret 2026/
                                                           Year ended March 31, 2026

                                 Saldo Awal/                                                              Saldo Akhir/
                                  Beginning     Penambahan/        Reklasifikasi/      Pengurangan/         Ending
                                   Balance       Additions       Reclassifications      Deductions          Balance

    Harga Perolehan                                                                                                                                Cost
    Piranti lunak                   2.824.023           1.244               2.258              1.284          2.826.241                        Software
    Perizinan                         413.244               -                   -                  -            413.244                         License

    Total Harga Perolehan           3.237.267           1.244               2.258              1.284          3.239.485                       Total Cost

    Akumulasi Amortisasi                                                                                                     Accumulated Amortization
    Piranti lunak                   1.007.048        418.279                     -             1.284          1.424.043                     Software
    Perizinan                               -         17.219                     -                 -             17.219                      License

    Total Akumulasi Amortisasi      1.007.048        435.498                     -             1.284          1.441.262   Total Accumulated Amortization

    Nilai Buku Neto                 2.230.219                                                                 1.798.223                 Net Book Value


                                                  Tahun yang berakhir pada tanggal 31 Maret 2025/
                                                           Year ended March 31, 2025

                                 Saldo Awal/                                                              Saldo Akhir/
                                  Beginning     Penambahan/        Reklasifikasi/      Pengurangan/         Ending
                                   Balance       Additions       Reclassifications      Deductions          Balance

    Harga Perolehan                                                                                                                                Cost
    Piranti lunak                     877.049       1.435.320            511.917                    263       2.824.023                        Software
    Perizinan                               -         413.244                  -                      -         413.244                         License

    Total Harga Perolehan             877.049       1.848.564              511.917                  263       3.237.267                       Total Cost

    Akumulasi Amortisasi                                                                                                     Accumulated Amortization
    Piranti lunak                     774.590        232.721                     -                  263       1.007.048                     Software

    Nilai Buku Neto                   102.459                                                                 2.230.219                 Net Book Value



   Beban amortisasi dibebankan pada usaha untuk                                      Amortization expenses charged to operations for the
   tahun yang berakhir pada tanggal 31 Maret 2026                                    years ended March 31, 2026 and 2025 amounting to
   dan 2025 masing-masing sebesar $AS435.498 dan                                     US$435,498     and    US$232,721,    respectively,
   $AS232.721 (Catatan 34).                                                          (Notes 34).
   Pada tanggal 31 Maret 2026 dan 2025, manajemen                                    As of March 31, 2026 and 2025, the Company’s
   Perusahaan berkeyakinan tidak terdapat keadaan                                    management believes that there are no events or
   yang memberikan indikasi terjadinya penurunan nilai                               conditions that may indicate impairment in value of
   aset takberwujud.                                                                 intangible assets.

                                                                      64

Page 449
                                                                          The original financial statements included herein
                                                                                           are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                    PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                               the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                        (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)


13. ESTIMASI TAGIHAN PAJAK                                   13. ESTIMATED CLAIMS FOR TAX REFUND

   Rincian estimasi tagihan pajak adalah sebagai                The details of estimated claims for tax refund are as
   berikut:                                                     follows:

                                        31 Maret 2026/       31 Maret 2025/
                                        March 31, 2026       March 31, 2025

   Pajak Penghasilan Badan                                                                          Corporate Income Tax
     tahun                                                                                                        year
     2016                                       256.981              256.981                                      2016
     2026                                     1.088.674                    -                                      2026

   Total                                      1.345.655              256.981                                          Total


   PPh Badan Tahun 2007                                         Corporate Income Tax for 2007

   Pada bulan Oktober 2012, Direktorat Jenderal Pajak           In October 2012, the Directorate General of Taxes
   (“DJP”) mengajukan peninjauan kembali kepada                 (“DGT”) filed civil review to the Supreme Court (“SC”)
   Mahkamah Agung (“MA”) atas putusan Pengadilan                for the decision from the Tax Court and the Company
   Pajak dan Perusahaan telah menyampaikan                      has submitted appeal memory to the SC in
   memori kontra peninjauan kembali kepada                      April 2023. In October 2025, the SC rejected the civil
   Mahkamah Agung pada bulan April 2023. Pada                   review filed by the DGT.
   bulan Oktober 2025, MA menolak peninjauan
   kembali yang diajukan oleh DJP.

   PPN Masa September sampai dengan November                    VAT for September to November 2008
   2008

   Pada tahun 2012, Perusahaan menerima surat                   In 2012, the Company received decision letter dated
   keputusan tertanggal 21 Juni 2012 dan 27                     June 21, 2012 and November 27, 2012 from the Tax
   November 2012 dari Pengadilan Pajak yang                     Court which approved the Company’s appeal for its
   menyetujui banding Perusahaan atas PPN masa                  VAT for September - November 2008 of
   September-November          2008          sebesar            Rp4,396,479,260 (equivalent to US$482,335) and
   Rp4.396.479.260 masing-masing (setara dengan                 Rp439,647,926 (equivalent to US$24,782). On
   AS$482.335) dan Rp439.647.926 (setara dengan                 October 11, 2012, the DGT filed civil review to the SC
   AS$24.782). Pada tanggal 11 Oktober 2012, DJP                for the decision letter from the Tax Court dated June
   mengajukan memori peninjauan kembali kepada                  21, 2012. On February 8, 2013, the Company has
   MA atas surat keputusan dari Pengadilan Pajak                submitted appeal memory. Until the completion date
   tertanggal 21 Juni 2012. Pada tanggal 8 Februari             of these financial statements, the case is still ongoing
   2013, Perusahaan mengajukan kontramemori                     in the SC.
   peninjauan kembali. Sampai dengan tanggal
   penyelesaian laporan keuangan, kasus ini masih
   dalam proses di MA. Sampai dengan tanggal
   penyelesaian laporan keuangan ini, kasus ini masih
   dalam proses di MA.

   PPN Masa Desember 2008                                       VAT for December 2008

   Pada bulan Oktober 2012, DJP mengajukan                      In October 2012, the DGT filed civil review to the SC
   peninjauan kembali kepada MA atas putusan                    and the Company has submitted contra memory to
   Pengadilan   Pajak    dan     Perusahaan   telah             the SC in February 2013. In October 2025, the SC
   menyampaikan memori kontra peninjauan kembali                rejected the civil review filed by the DGT.
   kepada Mahkamah Agung pada bulan Februari
   2013. Pada bulan Oktober 2025, MA menolak
   peninjauan kembali yang diajukan oleh DJP.




                                                        65

Page 450
                                                                           The original financial statements included herein
                                                                                            are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                     PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                 As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                         (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


13. ESTIMASI TAGIHAN PAJAK (lanjutan)                         13. ESTIMATED       CLAIMS       FOR      TAX      REFUND
                                                                  (continued)

   Rincian estimasi tagihan pajak adalah sebagai                 The details of estimated claims for tax refund are as
   berikut: (lanjutan)                                           follows: (continued)

   PPh Badan Tahun 2010                                          Corporate Income Tax for 2010

   Pada tahun 2016, Perusahaan menerima Putusan                  In 2016, the Company received Tax Decision Letter
   Pengadilan Pajak tertanggal 29 Juni 2016, yang                from the Tax Court dated June 29, 2016 which
   menyetujui kurang bayar beserta koreksinya                    approved the underpayment and the related
   sebesar AS$414.400 dari sebelumnya sebesar                    correction totaling to US$414,400 from US$425,630
   AS$425.630 yang diajukan oleh DJP. Perusahaan                 which was proposed by the DGT. The Company
   telah     menerima       pengembalian     sebesar             received the refund amounting to Rp152,500,333
   Rp152.500.333 (setara dengan AS$11.230) pada                  (equivalent to US$11,230) on December 2, 2016
   tanggal 2 Desember 2016 berdasarkan surat                     based on the DGT’s decision letter dated November
   keputusan DJP tertanggal 29 November 2016.                    29, 2016. The Company charged the tax assessment
   Perusahaan telah mencatat hasil pemeriksaan                   result of US$456,814 as part of “Income Tax
   pajak ini sebesar AS$456.814 sebagai bagian dari              Expense - Net” account in the 2016 statement of
   akun “Beban Pajak Penghasilan - Neto” dalam                   profit or loss and other comprehensive income (Note
   laporan laba rugi dan penghasilan komprehensif lain           28). On September 28, 2016, the Company has
   tahun 2016 (Catatan 28). Pada tanggal 28                      submitted appeal memory. Until the completion date
   September 2016 Perusahaan mengajukan Memori                   of these financial statements, the case is still ongoing
   Peninjauan Kembali. Sampai dengan tanggal                     in the SC.
   penyelesaian laporan keuangan, kasus tersebut
   masih dalam proses di MA.

   PPN Masa April 2010 sampai dengan Maret 2011                  VAT for April 2010 to March 2011

   Pada bulan Mei 2023, MA menolak peninjauan                    In May 2023, the SC rejected the civil review filed by
   kembali yang diajukan oleh DJP atas PPN masa                  the DGT on VAT for November 2010. Until the
   November 2010. Sampai dengan tanggal                          completion date of these financial statements, the
   penyelesaian laporan keuangan ini, PPN masa                   cases for VAT relating to April, May, August,
   April, Mei, Agustus, September dan Desember 2010              September and December 2010 and January and
   dan Januari dan Februari 2011 masih dalam proses              February 2011 are still ongoing in the SC.
   di MA.

   PPN   Masa        Januari      sampai      dengan             VAT for January to December 2012
   Desember 2012

   Pada bulan Januari 2014, Perusahaan menerima                  In January 2014, the Company received
   Surat Ketetapan Pajak Kurang Bayar (“SKPKB”)                  Underpayment Tax Assessment Letter (“SKPKB”) for
   untuk PPN masa Januari - November 2012 sebesar                its VAT from January to November 2012 amounting
   Rp24.790.951.405 (setara dengan $AS2.173.882)                 to Rp24,790,951,405 (equivalent to US$2,173,882)
   dan beberapa Surat Tagihan Pajak (“STP”) sebesar              and several Tax Collection Letters (“STP”) totaling to
   Rp2.825.850.799 (setara dengan $AS247.794).                   Rp2,825,850,799 (equivalent to US$247,794).

   Pada bulan Januari 2014, Perusahaan menerima                  In January 2014, the Company received
   Surat Ketetapan Pajak Lebih Bayar (“SKPLB”) atas              Overpayment Tax Assessment Letter (“SKPLB”) of
   PPN     masa     Desember      2012     sebesar               VAT    for  December      2012    amounting    to
   Rp25.514.378.167 (setara dengan $AS2.237.332).                Rp25,514,378,167 (equivalent to US$2,237,332).

   Pada bulan Februari 2014, Perusahaan telah                    In February 2014, the Company received the claim for
   menerima tagihan PPN masa Desember 2012                       tax refund of VAT for December 2012 of
   sebesar     Rp8.220.395.305     (setara  dengan               Rp8,220,395,305 (equivalent to US$720,834) from
   $AS720.834) dari jumlah yang disetujui sebesar                the approved amount of Rp25,514,378,167
   Rp25.514.378.167 (setara dengan $AS2.237.318)                 (equivalent to US$2,237,318) after deducting certain
   setelah dikurangi dengan sebagian SKPKB dan STP               portion of SKPKB and STP totaling to
   sebesar     Rp17.293.982.862     (setara dengan               Rp17,293,982,862 (equivalent to US$1,516,484).
   $AS1.516.484).


                                                         66

Page 451
                                                                       The original financial statements included herein
                                                                                        are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                 PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                             NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                             As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                            the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                     (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                 Unless Otherwise Stated)


13. ESTIMASI TAGIHAN PAJAK (lanjutan)                      13. ESTIMATED      CLAIMS       FOR      TAX      REFUND
                                                               (continued)

   Rincian estimasi tagihan pajak adalah sebagai              The details of estimated claims for tax refund are as
   berikut: (lanjutan)                                        follows: (continued)

   PPN   Masa      Januari      sampai     dengan             VAT for January to December 2012 (continued)
   Desember 2012 (lanjutan)

   Pada bulan Maret 2014, Perusahaan telah                    In March 2014, the Company paid the underpayment
   membayar kurang bayar atas PPN masa Januari                of VAT for January to November 2012 amounting to
   sampai dengan November 2012 sebesar                        Rp10,322,819,342 (equivalent to US$905,193). In
   Rp10.322.819.342 (setara dengan $AS905.193).               April 2014, The Company sent objection letter
   Pada bulan April 2014, Perusahaan mengajukan               regarding SKPKBs of VAT for January to November
   surat keberatan atas SKPKB PPN bulan Januari               2012 and STPs amounting to Rp6,329,694,664
   sampai dengan November 2012 dan STP masing-                (equivalent to US$555,042) and Rp2,806,064,069
   masing sebesar Rp6.329.694.664 (setara dengan              (equivalent to US$246,060), respectively. The
   $AS555.042) dan Rp2.806.064.069 (setara dengan             difference in the amount of SKPKB and STP of VAT
   $AS246.060). Selisih atas jumlah SKPKB dan STP             for January to December 2012 with the total amount
   PPN bulan Januari sampai dengan Desember 2012              paid by the Company amounted to Rp18,481,043,471
   dengan jumlah yang dibayarkan oleh Perusahaan              (equivalent to US$1,896,887).
   sebesar    Rp18.481.043.471     (setara dengan
   $AS1.896.887).

   Pada bulan Maret 2015, Perusahaan menerima                 In March 2015, the Company received letters
   surat dari DJP mengenai penolakan keberatan                from the DGT regarding rejection of the Company’s
   Perusahaan atas pemeriksaan PPN tahun 2012                 objection for 2012 VAT assessment totaling to
   sebesar    Rp9.135.758.733   (setara   dengan              Rp9,135,758,733 (equivalent to US$698,239). In
   $AS698.239). Pada bulan Juni 2015, Perusahaan              June 2015, the Company filed an appeal on the
   mengajukan banding atas keputusan DJP ke                   DGT’s decision to the Tax Court.
   Pengadilan Pajak.

   Pada tahun 2017, Perusahaan menerima surat                 In 2017, the Company received decision letter from
   keputusan dari Pengadilan Pajak dimana                     the Tax Court which approved the Company’s appeal
   Pengadilan Pajak menyetujui banding Perusahaan             for its SKPKB on VAT for January to December 2012.
   atas SKPKB PPN masa Januari - Desember 2012.               The Company received the refund amounting to
   Perusahaan telah menerima pengembalian sebesar             Rp11,087,632,581 (equivalent to US$817,048) in
   Rp11.087.632.581 (setara dengan $AS817.048)                February 2018. In December 2017, the DGT filed civil
   pada bulan Februari 2018. Pada bulan Desember              review to the SC for the decision letter from the Tax
   2017, DJP mengajukan memori peninjauan kembali             Court. In January 2018, the Company has submitted
   kepada MA atas surat keputusan dari Pengadilan             appeal memory to the SC.
   Pajak. Pada bulan Januari 2018, Perusahaan
   mengajukan kontra memori peninjauan kembali
   kepada MA.

   Pada bulan April 2018, Perusahaan menerima surat           In April 2018, the Company received decision letter
   keputusan dari DJP yang menyetujui pengurangan             from the DGT which approved the deduction of STP
   atas STP PPN masa pajak Januari sampai                     of VAT for January to December 2012 from
   Desember 2012, dari sebesar Rp2.806.064.069                Rp2,806,064,069 (equivalent to US$197,000) to
   (setara dengan $AS197.000) menjadi sebesar                 become       Rp1,540,125,136     (equivalent     to
   Rp1.540.125.136 (setara dengan $AS108.124).                US$108,124). The refund received by the Company
   Pengembalian tersebut diterima Perusahaan                  amounting to Rp1,265,938,933 (equivalent to
   sebesar    Rp1.265.938.933     (setara   dengan            US$88,875) on May 12, 2018. The Company agreed
   $AS88.875) pada tanggal 12 Mei 2018. Perusahaan            with the decision from the DGT and recorded the
   menerima keputusan dari DJP dan mencatat koreksi           correction     amounting    to   Rp1,540,125,136
   sebesar    Rp1.540.125.136     (setara   dengan            (equivalent to US$108,124).
   $AS108.124).




                                                      67

Page 452
                                                                         The original financial statements included herein
                                                                                          are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                   PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                               As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                              the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                       (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                   Unless Otherwise Stated)


13. ESTIMASI TAGIHAN PAJAK (lanjutan)                        13. ESTIMATED      CLAIMS       FOR      TAX      REFUND
                                                                 (continued)

   Rincian estimasi tagihan pajak adalah sebagai                The details of estimated claims for tax refund are as
   berikut: (lanjutan)                                          follows: (continued)

   PPN   Masa      Januari       sampai      dengan             VAT for January to December 2012 (continued)
   Desember 2012 (lanjutan)

   Pada bulan April 2021, MA menolak peninjauan                 In April 2021, the SC has rejected the civil review
   kembali yang diajukan oleh DJP atas PPN masa                 filed by the DGT related to VAT for June 2012.
   Juni 2012.

   Pada bulan Juni dan Desember 2021, MA                        In June and December 2021, the SC has accepted
   mengabulkan peninjauan kembali yang diajukan                 the civil review filed by the DGT related to VAT for
   oleh DJP atas PPN masa Maret, Juli dan Oktober               March, July and October 2012. The Company has
   2012. Perusahaan mencatat koreksi sebesar                    recorded a correction of Rp1,333,495,080
   Rp1.333.495.080 (setara dengan $AS91.985)                    (equivalent to US$91,985) as part of the “Other
   sebagai bagian dari akun “Beban Lainnya”.                    Expenses”.

   Pada bulan Mei dan Juni 2022, MA menolak                     In May and June 2022, the SC rejected the civil
   peninjauan kembali yang diajukan oleh DJP atas               review filed by the DGT related to VAT for January,
   PPN masa Januari, Mei, Agustus dan September                 May, August and September 2012.
   2012.

   Pada bulan Mei dan Oktober 2023, MA menolak                  In May and October 2023, the SC rejected the civil
   peninjauan kembali yang diajukan oleh DJP atas               review filed by the DGT on the VAT for November
   PPN masa November dan Desember 2012.                         and December 2012.

   Pada bulan Oktober 2025, MA menolak peninjauan               In October 2025, the SC rejected the civil review filed
   kembali yang diajukan oleh DJP atas PPN masa                 by the DGT on the VAT for February 2012.
   Februari 2012.

   PPh Badan Tahun 2016                                         Corporate Income Tax for 2016

   Pada bulan Agustus 2019, Perusahaan menerima                 In August 2019, the Company received SKPKB for
   SKPKB atas tagihan pajak penghasilan badan tahun             corporate income tax for 2016 of US$463,253. The
   2016 sebesar $AS463.253. Perusahaan telah                    Company paid the above underpayment amounting
   membayar kurang bayar tersebut sebesar                       to US$463,253 in August 2019. The Company filed
   $AS463.253 pada bulan Agustus 2019. Perusahaan               an objection letter in November 2019 to the Tax
   mengajukan surat keberatan pada bulan November               Office, with the agreed amount of US$272,141 and
   2019 dengan jumlah kurang bayar yang disetujui               presented it under “Income Tax Expense - Current”.
   oleh Perusahaan sebesar $AS272.141 dan dicatat
   sebagai bagian dari akun “Beban Pajak Penghasilan
   - Kini”.

   Pada bulan Oktober 2020, Perusahaan memperoleh               In October 2020, the Company received tax decision
   surat keputusan dari Kantor Pajak yang isinya                letter from the Tax Office which rejected the
   menolak keberatan Perusahaan dan menambahkan                 Company’s objection and added correction of
   koreksi sebesar US$65.869. Pada bulan Januari                US$65,869. In January 2022, the Company paid the
   2022, Perusahaan telah membayar kurang bayar                 underpayment       totaling    to       Rp926,064,080
   tersebut sebesar Rp926.064.080 (setara dengan                (equivalent to US$66,501). In January 2022, the
   $AS66.501). Pada bulan Januari 2022, Perusahaan              Company filed an appeal on the DGT’s decision to
   mengajukan banding ke Pengadilan Pajak atas                  the Tax Court. Until the completion date of these
   putusan DJP. Sampai dengan tanggal penyelesaian              financial statements, this case is still ongoing in the
   laporan keuangan ini, kasus ini masih dalam proses           Tax Court.
   di Pengadilan Pajak.




                                                        68

Page 453
                                                                        The original financial statements included herein
                                                                                         are in the Indonesian language.

        PT HEXINDO ADIPERKASA Tbk                                    PT HEXINDO ADIPERKASA Tbk
    CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Maret 2026 dan untuk                                As of March 31, 2026 and for
  Tahun yang Berakhir pada Tanggal Tersebut                               the Year then Ended
    (Disajikan dalam Dolar Amerika Serikat,                        (Expressed in United States Dollar,
            Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)


14. UTANG BANK JANGKA PENDEK                                14. SHORT-TERM BANK LOANS

   Akun ini merupakan utang bank jangka pendek yang            This account represents short-term bank loans
   diperoleh dari:                                             obtained from:
                                        31 Maret 2026/      31 Maret 2025/
                                        March 31, 2026      March 31, 2025

   PT Bank Mizuho Indonesia                                                                PT Bank Mizuho Indonesia
     (Rp895.000.000.000                                                                         (Rp895,000,000,000
     pada tanggal 31 Maret 2026                                                                as of March 31, 2026
     dan Rp480.000.000.000                                                                  and Rp480,000,000,000
     pada tanggal 31 Maret 2025)             52.668.746          28.944.000                   as of March 31, 2025)
   PT Bank Resona Perdania                                                                  PT Bank Resona Perdania
     (Rp325.000.000.000                                                                         (Rp325,000,000,000
     pada tanggal 31 Maret 2026                                                                as of March 31, 2026
     dan Rp235.000.000.000                                                                  and Rp235,000,000,000
     pada tanggal 31 Maret 2025)             19.125.522          14.170.500                   as of March 31, 2025)
   MUFG Bank Ltd., Cabang Jakarta                                                      MUFG Bank Ltd., Jakarta Branch
     (Rp310.000.000.000                                                                         (Rp310,000,000,000
     pada tanggal 31 Maret 2026                                                                as of March 31, 2026
     dan Rp1.064.223.440.000                                                              and Rp1,064,223,440,000
     dan $AS21.200.000                                                                           and US$21,200,000
     pada tanggal 31 Maret 2025)             18.242.806          85.339.373                   as of March 31, 2025)
   PT Bank SMBC Indonesia Tbk                                                           PT Bank SMBC Indonesia Tbk
     (Rp55.588.800.000                                                                            (Rp55,588,800,000
     pada tanggal 31 Maret 2026                                                                as of March 31, 2026
     dan Rp278.424.940.800                                                                  and Rp278,424,940,800
     dan $AS20.000.000                                                                           and US$20,000,000
     pada tanggal 31 Maret 2025)              3.271.276          36.789.024                   as of March 31, 2025)


   Total                                     93.308.350         165.242.897                                         Total


   MUFG Bank Ltd., Cabang Jakarta (“MUFG”)                      MUFG Bank Ltd., Jakarta Branch (“MUFG”)

   Berdasarkan perjanjian pinjaman bertanggal                   Based on a loan agreement dated March 31, 2012
   31 Maret 2012 dan telah beberapa kali dilakukan              and has been amended and extended several times,
   amandemen       dan     perpanjangan,     dengan             with the latest extension dated March 27, 2026, the
   perpanjangan terakhir pada tanggal 27 Maret 2026,            Company obtained a loan facility from MUFG as
   Perusahaan memperoleh fasilitas pinjaman dari                follows:
   MUFG sebagai berikut:
   a. Pinjaman Bergulir Tanpa Komitmen dengan                   a.   Uncommited Revolving Loan with a maximum
       maksimum            pinjaman         sebesar                  credit facility of Rp1,900,000,000,000.
       Rp1.900.000.000.000.
   b. Uncommitted Payable Finance dengan batas                  b.   Uncommited Payable Finance with a maximum
       maksimum            pinjaman         sebesar                  credit facility of Rp300,000,000,000.
       Rp300.000.000.000.
   c. Uncommitted Lettter of Credit - fasilitas                 c.   Uncommitted Letter of Credit - Import/Local
       Impor/Lokal dengan batas maksimum pinjaman                    facility with a maximum credit facility of
       sebesar Rp600.000.000.000.                                    Rp600,000,000,000.
   d. Penyelesaian Impor tanpa Komitmen dengan                  d.   Uncommitted Import Settlement with a
       batas     maksimum       pinjaman    sebesar                  maximum credit facility of Rp600,000,000,000.
       Rp600.000.000.000.
   e. Fasilitas Valuta Asing tanpa Komitmen dengan              e.   Uncommitted Forex (Forward) Facility with a
       batas     maksimum       pinjaman    sebesar                  maximum credit facility of $US24,000,000.
       $AS24.000.000.




                                                       69

Page 454
                                                                          The original financial statements included herein
                                                                                           are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                    PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                               the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                        (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)


14. UTANG BANK JANGKA PENDEK (lanjutan)                       14. SHORT-TERM BANK LOANS (continued)

   Akun ini merupakan utang bank jangka pendek yang              This account represents short-term bank loans
   diperoleh dari: (lanjutan)                                    obtained from: (continued)

   MUFG Bank Ltd., Cabang Jakarta (“MUFG”)                       MUFG Bank        Ltd.,   Jakarta    Branch    (“MUFG”)
   (lanjutan)                                                    (continued)

   Batas maksimum gabungan fasilitas pinjaman a, b,              The maximum combined credit facilities for facilities
   c, d, dan e adalah sebesar Rp1.900.000.000.000                a, b, c, d, and e are Rp1,900,000,000,000 or its
   atau nilai setaranya dalam mata uang Yen Jepang               equivalent in Japanese Yen and/or United States
   dan/atau Dolar Amerika Serikat. Fasilitas pinjaman            Dollar currency. This loan facility is available until
   ini dapat digunakan sampai dengan tanggal                     March 31, 2026. This loan facility is available for
   31 Maret 2026. Fasilitas pinjaman ini tersedia                12 months from the date of the agreement and will
   selama 12 bulan sejak tanggal perjanjian dan akan             mature on several dates which are June 30, 2027,
   jatuh tempo pada beberapa tanggal yaitu                       September 30, 2027 and March 31, 2028. The
   30 Juni 2027, 30 September 2027 dan 31 Maret                  facility is charged interest at the cost of fund + 0.75%
   2028. Fasilitas ini dikenakan bunga sebesar cost of           per annum. This facility is used for the Company’s
   fund + 0,75% per tahun. Fasilitas ini digunakan               working capital.
   untuk modal kerja Perusahaan.

   Pada tanggal 31 Maret 2026, fasilitas yang telah              As of March 31, 2026, the facility that has been used
   digunakan oleh Perusahaan adalah fasilitas a, b dan           by the Company is facility a, b and e.
   e.

   PT Bank SMBC Indonesia Tbk (“SMBC”)                           PT Bank SMBC Indonesia Tbk (“SMBC”)

   Berdasarkan perjanjian pinjaman bertanggal                    Based on a loan agreement dated October 12, 2009
   12 Oktober 2009 dan telah beberapa kali dilakukan             and has been amended and extended several times,
   amandemen        dan    perpanjangan,      dengan             with the latest extension dated September 30, 2025,
   perpanjangan terakhir pada tanggal 30 September               the Company obtained a loan facility from SMBC as
   2025, Perusahaan memperoleh fasilitas pinjaman                follows:
   dari SMBC sebagai berikut:
   a. Loan on Note dengan maksimum pinjaman                      a.   Loan on Note with a maximum credit facility of
        sebesar Rp1.400.000.000.000.                                  Rp1,400,000,000,000.
   b. Foreign bills bought-1 dengan batas maksimum               b.   Foreign bills bought-1 with a maximum credit
        pinjaman sebesar Rp256.000.000.000.                           facility of Rp256,000,000,000.
   c. Foreign bills bought-2 dengan batas maksimum               c.   Foreign bills bought-2 with a maximum credit
        pinjaman sebesar Rp256.000.000.000.                           facility of Rp256,000,000,000.
   d. Bank garansi dengan batas maksimum                         d.   Bank guarantee with a maximum credit facility
        pinjaman sebesar Rp160.000.000.000.                           of Rp160,000,000,000.
   e. Commercial Letter of Credit dengan batas                   e.   Commercial Letter of Credit with a maximum
        maksimum           pinjaman         sebesar                   credit facility of Rp1,400,000,000,000.
        Rp1.400.000.000.000.
   f. Loan on Note - fasilitas impor dengan batas                f.   Loan on Note - import facility with a maximum
        maksimum           pinjaman         sebesar                   credit facility of Rp1,400,000,000,000.
        Rp1.400.000.000.000.
   g. Acceptance dengan batas maksimum pinjaman                  g.   Acceptance with a maximum credit facility of
        sebesar Rp1.400.000.000.000.                                  Rp1,400,000,000,000.




                                                         70

Page 455
                                                                             The original financial statements included herein
                                                                                              are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                       PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                   As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                  the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                           (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


14. UTANG BANK JANGKA PENDEK (lanjutan)                          14. SHORT-TERM BANK LOANS (continued)

   Akun ini merupakan utang bank jangka pendek yang                 This account represents short-term bank loans
   diperoleh dari: (lanjutan)                                       obtained from: (continued)

   PT Bank SMBC Indonesia Tbk (“SMBC”) (lanjutan)                   PT Bank SMBC Indonesia Tbk (“SMBC”) (continued)

   Batas maksimum gabungan fasilitas pinjaman a, b,                 The maximum combined credit facilities for facilities
   c, e, f dan g adalah sebesar Rp1.400.000.000.000                 a, b, c, e, f and g are Rp1,400,000,000,000 or its
   atau nilai setaranya dalam mata uang Yen Jepang                  equivalent in Japanese Yen and/or United States
   dan/atau Dolar Amerika Serikat. Fasilitas pinjaman               Dollar currency. This loan facility is available until
   ini dapat digunakan sampai dengan tanggal                        September 30, 2026. This loan facility is available for
   30 September 2026. Fasilitas pinjaman ini tersedia               12 months from the date of the agreement and will
   selama 12 bulan sejak tanggal perjanjian dan akan                mature on 9 months after the date of the last
   jatuh tempo pada 9 bulan setelah tanggal penarikan               withdrawal of the facility. The facility is charged
   terakhir fasilitas. Fasilitas ini dikenakan bunga                interest at the cost of fund + 0.3% per annum. This
   sebesar cost of fund + 0,3% per tahun. Fasilitas ini             facility is used for the Company's working capital.
   digunakan untuk modal kerja Perusahaan.

   Pada tanggal 31 Maret 2026, fasilitas yang telah                 As of March 31, 2026, the facility that has been used
   digunakan oleh Perusahaan adalah fasilitas                       by the Company is facility d, e and g.
   d, e dan g.

   PT Bank Mizuho Indonesia (“Mizuho”)                              PT Bank Mizuho Indonesia (“Mizuho”)

   Berdasarkan perjanjian pinjaman bertanggal                       Based        on     a     loan   agreement       dated
   21 Februari 2020 dan telah beberapa kali dilakukan               February 21, 2020 and has been amended and
   amandemen dan perpanjangan, dengan perjanjian                    extended several times, with the latest extension
   terakhir pada tanggal 30 April 2025, Perusahaan                  dated April 30, 2025, the Company obtained a loan
   memperoleh fasilitas pinjaman dari Mizuho berupa                 facility from Mizuho with a maximum credit facility of
   fasilitas pinjaman modal kerja jangka pendek tanpa               US$80,000,000 or equivalent in Japanese Yen
   jaminan dengan batas maksimum pinjaman sebesar                   and/or Rupiah currency. This loan facility is available
   $AS80.000.000 atau nilai setaranya dalam mata                    for 12 months from the date of the agreement and
   uang Yen Jepang dan/atau Rupiah. Fasilitas                       will mature on April 30, 2026. The facility is charged
   pinjaman ini tersedia selama 12 bulan sejak tanggal              interest at the cost of fund + 0.5% per annum. This
   perjanjian dan akan jatuh tempo pada tanggal                     facility is used for the Company's working capital.
   30 April 2026. Fasilitas ini dikenakan bunga sebesar
   cost of fund + 0,5% per tahun. Fasilitas ini digunakan
   untuk modal kerja Perusahaan.

   Pada tanggal 30 April 2026, perjanjian ini                       On April 30, 2026, this agreement was amended in
   mengalami amandemen dimana Perusahaan                            which the Company obtained a loan facility from
   memperoleh fasilitas pinjaman dari Mizuho sebagai                Mizuho as follows:
   berikut:
   a. Pinjaman     Berulang    dengan     maksimum                  a.   Uncommitted Revolving Loan with a maximum
        pinjaman sebesar $AS80.000.000.                                  credit facility of US$80,000,000.
   b. Uncommitted Letter of Credit dengan batas                     b.   Uncommitted Letter of Credit with a maximum
        maksimum pinjaman sebesar $AS80.000.000.                         credit facility of US$80,000,000.
   c. Bank garansi dengan batas maksimum                            c.   Bank guarantee with a maximum credit facility
        pinjaman sebesar $AS80.000.000.                                  of US$80,000,000.




                                                            71

Page 456
                                                                             The original financial statements included herein
                                                                                              are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                       PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                   As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                  the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                           (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


14. UTANG BANK JANGKA PENDEK (lanjutan)                          14. SHORT-TERM BANK LOANS (continued)

   Akun ini merupakan utang bank jangka pendek yang                 This account represents short-term bank loans
   diperoleh dari: (lanjutan)                                       obtained from: (continued)

   PT Bank Mizuho Indonesia (“Mizuho”) (lanjutan)                   PT Bank Mizuho Indonesia (“Mizuho”) (continued)

   Batas maksimum gabungan fasilitas pinjaman                       The maximum combined credit facilities for facilities
   a, b dan c adalah sebesar $AS80.000.000 atau nilai               a, b and c are US$80,000,000 or its equivalent in
   setaranya dalam mata uang Yen Jepang dan/atau                    Japanese Yen and/or Rupiah currency. This loan
   Rupiah. Fasilitas pinjaman ini tersedia selama                   facility is available for 12 months from the date of the
   12 bulan sejak tanggal perjanjian dan akan jatuh                 agreement and will mature on April 30, 2027. The
   tempo pada tanggal 30 April 2027. Fasilitas ini                  facility is charged interest at the cost of fund + 0.50%
   dikenakan bunga sebesar cost of fund + 0,50% per                 per annum. This facility is used for the Company’s
   tahun. Fasilitas ini digunakan untuk modal kerja                 working capital.
   Perusahaan.

   Pada tanggal 31 Maret 2026, fasilitas yang telah                 As of March 31, 2026, the facility that has been used
   digunakan oleh Perusahaan adalah fasilitas a.                    by the Company is facility a.

   PT Bank Resona Perdania (“Resona”)                               PT Bank Resona Perdania (“Resona”)

   Berdasarkan perjanjian pinjaman tertanggal                       Based on a loan agreement dated March 19, 2025,
   19 Maret 2025, Perusahaan memperoleh fasilitas                   the Company obtained an uncommitted working
   pinjaman dari Resona berupa fasilitas pinjaman                   capital loan facility from Resona with a maximum
   modal kerja jangka pendek tanpa jaminan dengan                   credit facility of US$15,000,000 or equivalent
   batas maksimum pinjaman sebesar $AS15.000.000                    in Japanese Yen and/or Rupiah currency.
   atau nilai setaranya dalam mata uang Yen Jepang                  On March 19, 2026, this agreement was amended in
   dan/atau Rupiah. Pada tanggal 19 Maret 2026,                     which the Company obtained a loan facility from
   perjanjian ini mengalami amandemen dimana                        Resona in the form of a revolving credit facility
   Perusahaan memperoleh fasilitas pinjaman dari                    amounting to US$20,000,000 or equivalent in
   Resona berupa fasilitas pinjaman bergulir sebesar                Japanese Yen and/or Rupiah currency.
   $AS20.000.000 atau nilai setaranya dalam mata
   uang Yen Jepang dan/atau Rupiah.

   Fasilitas pinjaman ini tersedia selama 12 bulan sejak            This loan facility is available for 12 months from the
   tanggal perjanjian dan akan jatuh tempo pada                     date of the agreement and will mature on
   tanggal 19 Maret 2027. Fasilitas ini dikenakan                   March 19, 2027. The facility is charged interest at the
   bunga sebesar cost of fund + 0,5% per tahun.                     cost of fund + 0.5% per annum. This facility is used
   Fasilitas ini digunakan untuk modal kerja                        for the Company's working capital.
   Perusahaan.

   Pada tanggal 31 Maret 2026, fasilitas kredit ini telah           As of March 31, 2026, this credit facility has been
   digunakan oleh Perusahaan.                                       used by the Company.

   Pada tanggal 31 Maret 2026 dan 2025, Perusahaan                  As of March 31, 2026 and 2025, the Company has
   telah memenuhi seluruh persyaratan yang diuraikan                complied with all convenants which are stated in the
   dalam perjanjian pinjaman.                                       loan agreements.

   Pada tanggal 31 Maret 2026 dan 2025, tidak terdapat              As of March 31, 2026 and 2025, there are no assets
   aset atau jaminan yang digunakan sebagai agunan                  or guarantees pledged as collateral for all loan
   untuk seluruh fasilitas pinjaman.                                facilities.

   Beban bunga sebesar $AS7.249.039 dan                             Interest expense amounted to US$7,249,039 and
   $AS7.072.169 masing-masing pada tahun 2026 dan                   US$7,072,169 in 2026 and 2025, respectively
   2025 (Catatan 30).                                               (Note 30).




                                                            72

Page 457
                                                                           The original financial statements included herein
                                                                                            are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                     PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                 As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                         (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


15. UTANG USAHA                                              15.   TRADE PAYABLES

   Rincian utang usaha adalah sebagai berikut:                     The details of trade payables are as follows:
                                        31 Maret 2026/       31 Maret 2025/
                                        March 31, 2026       March 31, 2025

   Pihak berelasi (Catatan 6c)               97.044.178            65.137.662                      Related parties (Note 6c)
   Pihak ketiga                               7.281.919             9.348.191                                  Third parties
   Total                                    104.326.097            74.485.853                                          Total


   Rincian utang usaha kepada pihak ketiga                         The details of trade payables to third parties arising
   sehubungan dengan pembelian barang dan jasa                     from purchases of goods and services are as
   adalah sebagai berikut:                                         follows:
                                        31 Maret 2026/       31 Maret 2025/
                                        March 31, 2026       March 31, 2025

   Suku cadang                                   5.720.906          6.167.726                                  Spare parts
   Alat berat                                      755.874          2.667.764                             Heavy equipment
   Pemeliharaan dan perbaikan                      406.633            309.289                     Repairs and maintenance
   Lain-lain                                       398.506            203.412                                      Others

   Total                                         7.281.919          9.348.191                                          Total


   Rincian utang usaha berdasarkan mata uang asal                  The details of trade payables based on original
   adalah sebagai berikut:                                         currencies are as follows:

                                        31 Maret 2026/       31 Maret 2025/
                                        March 31, 2026       March 31, 2025

   Pihak berelasi                                                                                           Related parties
     Dolar Amerika Serikat                   41.772.276            24.202.721                        United States Dollar
     Rupiah                                                                                                      Rupiah
        (Rp860.045.930.631                                                                       (Rp860,045,930,631
        pada tanggal 31 Maret 2026                                                               as of March 31, 2026
        dan Rp577.679.296.421                                                                 and Rp577,679,296,421
        pada tanggal 31 Maret 2025)          50.613.703            34.823.108                   as of March 31, 2025)
     Yen Jepang                                                                                           Japanese Yen
        (¥JP744.286.522                                                                              (JP¥744,286,522
        pada tanggal 31 Maret 2026                                                               as of March 31, 2026
        dan ¥JP919.072.683                                                                       and JP¥919,072,683
        pada tanggal 31 Maret 2025)              4.658.199          6.111.833                   as of March 31, 2025)

    Subtotal                                 97.044.178            65.137.662                                      Sub-total

   Pihak ketiga                                                                                                Third parties
     Rupiah                                                                                                       Rupiah
        (Rp119.376.009.952                                                                        (Rp119,376,009,952
        pada tanggal 31 Maret 2026                                                               as of March 31, 2026
        dan Rp143.762.617.232                                                                 and Rp143,762,617,232
        pada tanggal 31 Maret 2025)              7.025.279          8.657.496                   as of March 31, 2025)
     Dolar Amerika Serikat                         240.167            429.095                        United States Dollar
     Yen Jepang                                                                                            Japanese Yen
        (¥JP37.775.850                                                                                 (JP¥37,775,850
        pada tanggal 31 Maret 2025)                      -            251.209                   as of March 31, 2025)
     Dolar Australia                                                                                     Australian Dollar
        ($AU24.045                                                                                        (AU$24,045
        pada tanggal 31 Maret 2026                                                               as of March 31, 2026
        dan $AU16.445                                                                                  and AU$16,445
        pada tanggal 31 Maret 2025)                16.473              10.391                   as of March 31, 2025)

   Subtotal                                      7.281.919          9.348.191                                      Sub-total

   Total                                    104.326.097            74.485.853                                          Total


                                                        73

Page 458
                                                                           The original financial statements included herein
                                                                                            are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                      PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                  As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                 the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                          (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


15. UTANG USAHA (lanjutan)                                    15.   TRADE PAYABLES (continued)

   Analisa umur utang usaha berdasarkan tanggal                     The aging analysis of trade payables based on due
   jatuh tempo adalah sebagai berikut:                              dates are as follows:

                                            31 Maret 2026/    31 Maret 2025/
                                            March 31, 2026    March 31, 2025

   Lancar                                        18.109.181          8.709.404                                     Current
   Telah jatuh tempo:                                                                                            Overdue:
     Kurang dari 3 bulan                         67.972.618         62.131.886                      Less than 3 months
     3 - 6 bulan                                 14.391.968          2.188.635                             3 - 6 months
     Lebih dari 6 bulan - 1 tahun                 3.852.330          1.455.928                    Over 6 months - 1 year

   Total                                        104.326.097         74.485.853                                         Total


   Pada tanggal 31 Maret 2026 dan 2025, tidak ada                   As of March 31, 2026 and 2025, there are no
   jaminan yang diberikan Perusahaan atas utang                     collaterals provided by the Company for the above
   usaha di atas.                                                   trade payables.


16. UANG MUKA PELANGGAN                                       16.   CUSTOMERS’ DEPOSITS

   Pada tanggal 31 Maret 2026 dan 2025, uang muka                   As of March 31, 2026 and 2025, customers’
   pelanggan terutama merupakan uang muka yang                      deposits mainly represent advances received from
   diterima dari pelanggan atas pembelian alat berat,               customers for purchase of heavy equipment,
   suku cadang dan kelebihan pembayaran masing-                     spare parts and overpayments amounting to
   masing sebesar $AS8.111.969 dan $AS3.426.403.                    US$8,111,969 and US$3,426,403, respectively.


17. BEBAN AKRUAL DAN LIABILITAS IMBALAN                       17.   ACCRUED EXPENSES AND SHORT-TERM
    KERJA JANGKA PENDEK                                             EMPLOYEE BENEFITS LIABILITY

   Beban akrual terdiri dari akrual atas:                           Accrued expenses consists of accruals for:

                                            31 Maret 2026/    31 Maret 2025/
                                            March 31, 2026    March 31, 2025

   Royalti (Catatan 33e)                          4.927.889          5.827.000                          Royalty (Note 33e)
   Penjualan alat berat                           2.520.059          2.226.209                   Sales of heavy equipment
   Penjualan suku cadang                          1.387.617          1.504.763                          Sale of spare parts
   Jasa pemeliharaan dan perbaikan                  715.591          1.541.189           Repairs and maintenance services
   Lain-lain                                        172.518            293.491                                      Others

   Total                                          9.723.674         11.392.652                                         Total


   Beban akrual atas penjualan alat berat terutama                  Accruals for sales of heavy equipment mainly
   merupakan akrual atas biaya pengiriman alat berat                represent accruals for delivery cost of heavy
   dan aksesoris untuk alat berat serta garansi                     equipment and accessories for heavy equipment
   tambahan sesuai dengan permintaan pelanggan.                     and accrual for extended warranty as required by
                                                                    customers.

   Beban akrual atas penjualan suku cadang terutama                 Accruals for sales of spare parts mainly represent
   merupakan akrual atas biaya pengiriman suku                      accruals for delivery cost of spare parts.
   cadang.

   Beban akrual atas jasa pemeliharaan dan perbaikan                Accruals for repairs and maintenance services
   terutama merupakan biaya untuk mendukung                         mainly represent accruals for costs incurred in
   proyek pemeliharaan menyeluruh yang berkaitan                    establishing full maintenance site support in
   dengan jasa pemeliharaan dan perbaikan.                          connection with repairs and maintenance services.



                                                         74

Page 459
                                                                               The original financial statements included herein
                                                                                                are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                       PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                   As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                  the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                           (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


17. BEBAN AKRUAL DAN LIABILITAS IMBALAN                       17.    ACCRUED EXPENSES AND SHORT-TERM
    KERJA JANGKA PENDEK (lanjutan)                                   EMPLOYEE BENEFITS LIABILITY (continued)

   Liabilitas Imbalan Kerja Jangka Pendek                            Short-term Employee Benefits Liability

   Pada tanggal 31 Maret 2026 dan 2025, liabilitas                   As of March 31, 2026 and 2025, short-term
   imbalan kerja jangka pendek terdiri dari akrual                   employee benefits liability consists of accrual for
   beban gaji dan tunjangan karyawan masing-masing                   employee salaries and benefits amounting to
   sebesar $AS2.666.317 dan $AS4.369.458.                            US$2,666,317 and US$4,369,458, respectively.


18. PAJAK DIBAYAR DI MUKA DAN UTANG PAJAK                     18. PREPAID TAX AND TAXES PAYABLE

   a.   Pajak dibayar di muka                                       a.     Prepaid tax

        Pada tanggal 31 Maret 2026, pajak dibayar di                       As of March 31, 2026, prepaid tax represents
        muka merupakan Pajak Pertambahan Nilai                             Value Added Tax (“VAT”) which will be
        (“PPN”) yang akan dikompensasikan pada                             compensated in the next period amounted to
        periode berikutnya sebesar $AS996.102.                             US$996,102.

        Pada tanggal 31 Maret 2025, pajak dibayar di                       As of March 31, 2025, prepaid tax represents
        muka merupakan sisa lebih bayar pajak                              remaining overpayment of income tax under
        penghasilan    Pasal    21    yang     akan                        Article 21 that will be compensated to the next
        dikompensasikan pada periode berikutnya                            period amounting to US$379,069.
        sebesar $AS379.069.

   b.   Utang pajak                                                 b.     Taxes payable

        Utang pajak terdiri dari:                                          Taxes payable consist of:

                                            31 Maret 2026/    31 Maret 2025/
                                            March 31, 2026    March 31, 2025

        Pajak Penghasilan:                                                                                        Income Taxes:
          Pasal 4(2)                                10.306                  51.306                                  Article 4(2)
          Pasal 21                                 465.063                       -                                   Article 21
          Pasal 23                                  28.183                  55.706                                   Article 23
          Pasal 26                                   1.279                  13.659                                   Article 26
          Pasal 29 (Catatan 31)                          -               3.055.469                        Article 29 (Note 31)
        Pajak Pertambahan Nilai                          -               1.819.738                             Value Added Tax

        Total                                      504.831               4.995.878                                         Total



19. LIABILITAS       IMBALAN        KERJA     JANGKA          19. LONG-TERM EMPLOYEE BENEFITS LIABILITY
    PANJANG

   Rincian liabilitas imbalan kerja jangka panjang                  The details of long-term employee benefits liability
   adalah sebagai berikut:                                          are as follows:

                                            31 Maret 2026/    31 Maret 2025/
                                            March 31, 2026    March 31, 2025

    Imbalan pasca-kerja                          12.855.103          11.419.961                      Post-employment benefits
    Imbalan kerja jangka panjang lainnya          7.472.614           6.211.871           Other long-term employment benefits

    Total                                        20.327.717          17.631.832                                            Total




                                                         75

Page 460
                                                                              The original financial statements included herein
                                                                                               are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                       PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                   As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                  the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                           (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


19. LIABILITAS   IMBALAN         KERJA      JANGKA            19. LONG-TERM EMPLOYEE BENEFITS LIABILITY
    PANJANG (lanjutan)                                            (continued)

   Asumsi-asumsi utama dan metode yang digunakan                   The principal assumptions and method used in
   dalam menentukan liabilitas imbalan kerja karyawan              determining the liability for employee benefits as of
   pada tanggal 31 Maret 2026 dan 2025 adalah                      March 31, 2026 and 2025 are as follows:
   sebagai berikut:

                                         31 Maret 2026/        31 Maret 2025/
                                         March 31, 2026        March 31, 2025

   Tingkat diskonto per tahun               5,88% - 6,98%        6,53% - 7,20%                           Annual discount rate
   Tingkat kenaikan gaji                                                                                         Annual wages
      dan upah per tahun                            7,00%                 7,00%                     and salary increase rate
   Usia pensiun                         55 tahun/years old    55 tahun/years old                               Retirement age
   Tingkat kematian                         Tabel Mortalita       Tabel Mortalita                                 Mortality rate
                                        Indonesia IV 2019/    Indonesia IV 2019/
                                               Indonesian            Indonesian
                                                  Mortality             Mortality
                                             Table IV 2019         Table IV 2019
   Metode                                        Projected             Projected                                        Method
                                                Unit Credit           Unit Credit

   Perusahaan menyediakan imbalan kerja karyawan                   The Company provides benefits for its employees
   berdasarkan Perjanjian Kerja Bersama, Peraturan                 based on Collective Labor Agreement, Company’s
   Perusahaan, Undang-undang tentang Cipta Kerja                   Policy, Government Regulation of Law No. 6/2023
   No. 6/2023 dan Peraturan Pemerintah No. 35/2021.                and Government Regulation No. 35/2021. The
   Imbalan kerja karyawan ini tidak didanai.                       benefits are unfunded.

   Tabel berikut ini mengikhtisarkan komponen beban                The following tables summarize the components of
   imbalan kerja karyawan yang dicatat di laporan laba             employee benefits expense recognized in the
   rugi dan penghasilan komprehensif lain dan jumlah               statement of profit or loss and other comprehensive
   yang dicatat sebagai liabilitas imbalan kerja                   income and amounts recognized in the statement of
   karyawan di laporan posisi keuangan berdasarkan                 financial position for the liability for employee benefits
   perhitungan KKA Yusi & Rekan, aktuaris                          as determined by KKA Yusi & Rekan, an
   independen,      dalam    laporannya     bertanggal             independent actuary, in its reports dated
   12 Juni 2026 dan 11 Juni 2025 masing-masing untuk               June 12, 2026 and June 11, 2025 for the years ended
   tahun yang berakhir pada tanggal-tanggal 31 Maret               March 31, 2026 and 2025, respectively.
   2026 dan 2025.

   Imbalan Pasca-Kerja                                             Post-employment Benefits

   a.   Beban imbalan pasca-kerja untuk tahun yang                  a. The post-employment benefits expense for the
        berakhir pada tanggal-tanggal 31 Maret 2026                    years ended March 31, 2026 and 2025 are as
        dan 2025 adalah sebagai berikut:                               follows:

                                                 Tahun yang berakhir
                                                pada tanggal 31 Maret/
                                                Year ended March 31,

                                              2026                  2025

        Biaya jasa kini                         1.077.839               984.083                            Current service cost
        Biaya bunga                               756.264               667.866                                   Interest cost

        Total                                   1.834.103             1.651.949                                           Total




                                                         76

Page 461
                                                                                       The original financial statements included herein
                                                                                                        are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                               PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                           As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                          the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                                   (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                               Unless Otherwise Stated)


19. LIABILITAS   IMBALAN           KERJA           JANGKA              19. LONG-TERM EMPLOYEE BENEFITS LIABILITY
    PANJANG (lanjutan)                                                     (continued)

   Imbalan Pasca-Kerja (lanjutan)                                           Post-employment Benefits (continued)

   b.   Perubahan liabilitas imbalan kerja karyawan                         b.      The movements of liability for employee
        untuk tahun yang berakhir pada tanggal-tanggal                              benefits for the years ended March 31, 2026
        31 Maret 2026 dan 2025 adalah sebagai                                       and 2025 are as follows:
        berikut:

                                                           Tahun yang berakhir
                                                          pada tanggal 31 Maret/
                                                          Year ended March 31,

                                                     2026                    2025

         Saldo awal tahun                                11.419.961           11.059.596                   Balance at beginning of year
         Beban imbalan kerja yang diakui                                                                    Employee benefits expense
           dalam laba rugi                                1.834.103              1.651.949                 recognized in profit or loss
         Rugi (laba) aktuarial yang diakui                                                                         Actuarial loss (gain)
           dalam penghasilan                                                                                     recognized in other
           komprehensif lainnya                             318.464               (173.179)                   comprehensive income
         Pembayaran selama tahun berjalan                  (445.249)              (628.364)                   Payments during the year
         Laba selisih kurs                                 (272.176)              (490.041)                   Gain on foreign exchange

         Saldo akhir tahun                               12.855.103           11.419.961                        Balance at end of year


   c. Mutasi nilai kini kewajiban imbalan pasti adalah                     c. The movements of the present value of defined
      sebagai berikut:                                                        benefit obligation are as follows:

                                                           Tahun yang berakhir
                                                          pada tanggal 31 Maret/
                                                          Year ended March 31,

                                                     2026                    2025

         Saldo awal tahun                                11.419.961           11.059.596                 Balance at beginning of year
         Biaya jasa kini                                  1.077.839              984.083                          Current service cost
         Biaya bunga                                        756.264              667.866                                  Interest cost
         Rugi (laba) aktuaria:                                                                                    Actuarial loss (gain):
           Dampak perubahan asumsi keuangan                 203.123               (312.762)         Changes in financial assumption
           Penyesuaian pengalaman                           115.341                139.583                Experience adjustments
         Pembayaran selama tahun berjalan                  (445.249)              (628.364)                Payments during the year
         Laba selisih kurs                                 (272.176)              (490.041)                Gain on foreign exchange

         Saldo akhir tahun                               12.855.103           11.419.961                        Balance at end of year


   Perubahan satu poin persentase dalam tingkat                             A one percentage point change in the assumed
   diskonto yang diasumsikan akan memiliki dampak                           discount rate would have the following effects:
   sebagai berikut:

                                              31 Maret 2026/              31 Maret 2025/
                                              March 31, 2026              March 31, 2025

                                        Kenaikan/         Penurunan/   Kenaikan/ Penurunan/
                                        Increase           Decrease    Increase   Decrease

   Dampak pada nilai kini                                                                                     Effect on the present value of
    kewajiban imbalan pasti                  (880.296)      994.639     (791.959)     894.201                  defined benefit obligation




                                                                 77

Page 462
                                                                                    The original financial statements included herein
                                                                                                     are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                             PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                         As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                        the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                                 (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                             Unless Otherwise Stated)


19. LIABILITAS   IMBALAN            KERJA        JANGKA              19. LONG-TERM EMPLOYEE BENEFITS LIABILITY
    PANJANG (lanjutan)                                                   (continued)

   Imbalan Pasca-Kerja (lanjutan)                                        Post-employment Benefits (continued)

   Perubahan satu poin persentase dalam tingkat                           A one percentage point change in the assumed
   kenaikan gaji yang diasumsikan akan memiliki                           salary increase rate would have the following effects:
   dampak sebagai berikut:

                                            31 Maret 2026/              31 Maret 2025/
                                            March 31, 2026              March 31, 2025

                                          Kenaikan/    Penurunan/    Kenaikan/ Penurunan/
                                          Increase      Decrease     Increase   Decrease

   Dampak pada nilai kini                                                                                  Effect on the present value of
    kewajiban imbalan pasti                 983.354      (885.370)    885.707     (797.418)                 defined benefit obligation



   Jatuh tempo kewajiban imbalan pasti pada tanggal                       The maturity profile of defined benefit obligation as of
   31 Maret 2026 dan 2025 adalah sebagai berikut:                         March 31, 2026 and 2025 are as follows:

                                              31 Maret 2026/          31 Maret 2025/
                                              March 31, 2026          March 31, 2025

   Dalam jangka waktu 12 bulan                         1.797.852            1.409.778                     Within the next 12 months
   Antara 1 tahun dan 2 tahun                          1.089.524              919.803                   Between 1 year and 2 years
   Antara 2 tahun dan 5 tahun                          3.628.378            3.304.013                  Between 2 years and 5 years
   Lebih dari 5 tahun                                 81.739.063           79.108.387                             More than 5 years

   Total                                              88.254.817           84.741.981                                             Total


   Imbalan Kerja Jangka Panjang Lainnya                                   Other Long-term Employment Benefits

   a.   Rincian beban imbalan kerja jangka panjang                        a. The details of other long-term employment
        lainnya pada laporan laba rugi dan penghasilan                       benefits expense recognized in the statements
        komprehensif lain adalah sebagai berikut:                            of profit or loss and other comprehensive income
                                                                             are as follows:
                                                        Tahun yang berakhir
                                                       pada tanggal 31 Maret/
                                                       Year ended March 31,

                                                      2026                 2025

         Biaya jasa kini                                 803.571                321.723                        Current service cost
         Biaya bunga                                     419.694                166.704                                 Interest cost
         Rugi aktuarial yang                                                                            Recognition of actuarial loss
           diakui selama tahun berjalan                  425.880            3.482.116                             during the year

         Total                                         1.649.145            3.970.543                                             Total




                                                               78

Page 463
                                                                                     The original financial statements included herein
                                                                                                      are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                              PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                          As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                         the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                                  (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                              Unless Otherwise Stated)


19. LIABILITAS   IMBALAN          KERJA           JANGKA              19. LONG-TERM EMPLOYEE BENEFITS LIABILITY
    PANJANG (lanjutan)                                                    (continued)

   Imbalan Kerja Jangka Panjang Lainnya (lanjutan)                         Other Long-term Employment Benefits (continued)

   b.   Mutasi liabilitas imbalan kerja jangka panjang                    b. The movements of other long-term employment
        lainnya adalah sebagai berikut:                                      benefits liabilities are as follows:

                                                         Tahun yang berakhir
                                                        pada tanggal 31 Maret/
                                                        Year ended March 31,

                                                    2026                    2025

         Saldo awal tahun                               6.211.871             2.674.442                  Balance at beginning of year
         Beban imbalan kerja                            1.649.145             3.970.543                   Employee benefits expense
         Pembayaran selama tahun berjalan                (240.353)             (314.612)                   Payments during the year
         Laba selisih kurs                               (148.049)             (118.502)                   Gain on foreign exchange

         Saldo akhir tahun                              7.472.614             6.211.871                       Balance at end of year


   c.   Mutasi nilai kini kewajiban imbalan pasti adalah                  c. The movements of the present value of defined
        sebagai berikut:                                                     benefit obligation are as follows:

                                                         Tahun yang berakhir
                                                        pada tanggal 31 Maret/
                                                        Year ended March 31,

                                                    2026                    2025

         Saldo awal tahun                               6.211.871             2.674.442                  Balance at beginning of year
         Biaya jasa kini                                  803.571               321.723                          Current service cost
         Biaya bunga                                      419.694               166.704                                  Interest cost
         Rugi aktuarial atas kewajiban                    425.880             3.482.116                   Actuarial loss on obligation
         Pembayaran selama tahun berjalan                (240.353)             (314.612)                   Payments during the year
         Laba selisih kurs                               (148.049)             (118.502)                   Gain on foreign exchange

         Saldo akhir tahun                              7.472.614             6.211.871                       Balance at end of year


   Perubahan satu poin persentase dalam tingkat                            A one percentage point change in the assumed
   diskonto yang diasumsikan akan memiliki dampak                          discount rate would have the following effects:
   sebagai berikut:

                                             31 Maret 2026/              31 Maret 2025/
                                             March 31, 2026              March 31, 2025

                                       Kenaikan/        Penurunan/    Kenaikan/ Penurunan/
                                       Increase          Decrease     Increase   Decrease

   Dampak pada nilai kini                                                                                   Effect on the present value of
    kewajiban manfaat pasti                 (601.017)     693.577      (539.933)   626.185                   defined benefit obligation



   Perubahan satu poin persentase dalam tingkat                            A one percentage point change in the assumed
   kenaikan gaji yang diasumsikan akan memiliki                            salary increase rate would have the following effects:
   dampak sebagai berikut:

                                             31 Maret 2026/              31 Maret 2025/
                                             March 31, 2026              March 31, 2025

                                       Kenaikan/        Penurunan/    Kenaikan/ Penurunan/
                                       Increase          Decrease     Increase   Decrease

   Dampak pada nilai kini                                                                                   Effect on the present value of
    kewajiban imbalan pasti                 161.648       (151.255)    141.116     (130.302)                 defined benefit obligation




                                                                79

Page 464
                                                                                      The original financial statements included herein
                                                                                                       are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                                 PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                             As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                            the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                                     (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                                 Unless Otherwise Stated)


19. LIABILITAS   IMBALAN             KERJA       JANGKA               19. LONG-TERM EMPLOYEE BENEFITS LIABILITY
    PANJANG (lanjutan)                                                    (continued)

   Imbalan Kerja Jangka Panjang Lainnya (lanjutan)                           Other Long-term Employment Benefits (continued)

   Jatuh tempo kewajiban imbalan pasti pada tanggal                          The maturity profile of defined benefit obligation as of
   31 Maret 2026 dan 2025 adalah sebagai berikut:                            March 31, 2026 and 2025 are as follows:

                                              31 Maret 2026/          31 Maret 2025/
                                              March 31, 2026          March 31, 2025

   Dalam jangka waktu 12 bulan                            633.889                 271.678                   Within the next 12 months
   Antara 1 tahun dan 2 tahun                             732.909                 561.189                 Between 1 year and 2 years
   Antara 2 tahun dan 5 tahun                           1.786.978               1.916.337                Between 2 years and 5 years
   Lebih dari 5 tahun                                  41.905.050              46.643.291                           More than 5 years

   Total                                               45.058.826              49.392.495                                          Total


   Durasi rata-rata liabilitas imbalan kerja jangka                          The average duration of long-term employee benefits
   panjang pada tanggal 31 Maret 2026 dan 2025                               liability as of March 31, 2026 and 2025 are
   masing-masing    adalah      13,92  tahun    dan                          13.92 years and 14.36 years, respectively.
   14,36 tahun.


20. MODAL SAHAM                                                       20. SHARE CAPITAL

   Kepemilikan saham Perusahaan pada tanggal                                 The Company’s share ownership as of March 31,
   31 Maret 2026 dan 2025 berdasarkan laporan                                2026 and 2025 based on the report from
   PT Raya Saham Registra, Biro Administrasi Efek,                           PT Raya Saham Registra, the Shares Administrator
   adalah sebagai berikut:                                                   Bureau, are as follows:

                                     Jumlah Saham              Jumlah
                                    Ditempatkan dan        (Berdasarkan
                                     Disetor Penuh/        Nilai Nominal)/          Persentase
                                    Number of Shares           Amount               Pemilikan/
                                       Issued and            (Based on             Percentage of
           Pemegang Saham               Fully Paid           Par Value)             Ownership                 Shareholders

   Hitachi Construction Machinery                                                                        Hitachi Construction Machinery
       Co. Ltd., Jepang                 408.180.000      Rp 40.818.000.000                   48,59%                   Co.Ltd., Japan
   ITOCHU Corporation, Jepang           210.400.000      Rp 21.040.000.000                   25,05%         ITOCHU Corporation, Japan
   Hitachi Construction Machinery                                                                        Hitachi Construction Machinery
       Asia and Pacific                                                                                             Asia and Pacific
       Pte. Ltd., Singapura              42.620.000      Rp    4.262.000.000                  5,07%             Pte. Ltd., Singapore
   Masyarakat (masing-masing                                                                                           Public (below 5%
       kepemilikan di bawah 5%)         178.800.000      Rp 17.880.000.000                   21,29%                ownership each)

   Total                                840.000.000      Rp 84.000.000.000                   100,00%                             Total

                                                         US$     23.232.926




21. TAMBAHAN MODAL DISETOR - NETO                                     21. ADDITIONAL PAID-IN CAPITAL - NET

   Akun ini terdiri dari:                                                    This account consists of:

                                              31 Maret 2026/          31 Maret 2025/
                                              March 31, 2026          March 31, 2025

   Agio saham                                           8.115.419               8.115.419                     Additional paid-in capital
   Biaya emisi saham                                     (116.583)               (116.583)                      Stock issuance costs

   Neto                                                 7.998.836               7.998.836                                            Net




                                                                 80

Page 465
                                                                         The original financial statements included herein
                                                                                          are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                   PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                               As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                              the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                       (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                   Unless Otherwise Stated)


21. TAMBAHAN MODAL DISETOR - NETO (lanjutan)                 21. ADDITIONAL PAID-IN CAPITAL - NET (continued)

   Agio saham merupakan selisih antara harga                    Additional paid-in capital is the difference between
   penawaran saham perdana dengan nilai nominal                 the offering price with the par value of the Company’s
   pada saat penawaran umum saham perdana                       initial public offering in 1995.
   Perusahaan kepada masyarakat yang dilakukan
   pada tahun 1995.


22. DIVIDEN KAS                                              22. CASH DIVIDENDS

   Berdasarkan berita acara Rapat Umum Pemegang                 In accordance with the minutes of the Annual
   Saham Tahunan Perusahaan yang diadakan pada                  Shareholders’ Meeting of the Company held on
   tanggal 16 September 2025, sebagaimana                       September 16, 2025, which were notarized by Deed
   dinyatakan dalam Akta Notaris Gatot Widodo, S.E.,            No. 3 on the same date of Gatot Widodo, S.E., S.H.,
   S.H., M.Kn., No. 3 pada tanggal yang sama, para              M.Kn., the shareholders resolved to declare cash
   pemegang saham setuju untuk membagikan dividen               dividends totalling to US$21,743,400 from the net
   kas sebesar $AS21.743.400 yang berasal dari laba             profit for the year ended March 31, 2025 amounting
   bersih tahun buku yang berakhir pada tanggal                 to US$0.025885 per share. The cash dividends were
   31 Maret 2025 atau sebesar $AS0,025885 per                   fully paid to the shareholders in October 2025.
   saham. Pembayaran dividen kas kepada para
   pemegang saham dilakukan pada bulan Oktober
   2025.

   Berdasarkan berita acara Rapat Umum Pemegang                 In accordance with the minutes of the Annual
   Saham Tahunan Perusahaan yang diadakan pada                  Shareholders’ Meeting of the Company held on
   tanggal 24 September 2024, sebagaimana                       September 24, 2024, which were notarized by Deed
   dinyatakan dalam Akta Notaris Christina Dwi Utami,           No. 150 on the same date of Christina Dwi Utami,
   S.H., M.Hum., M.Kn., No. 150 pada tanggal yang               S.H., M.Hum., M.Kn., the shareholders resolved to
   sama, para pemegang saham setuju untuk                       declare cash dividends totalling to US$38,998,315
   membagikan dividen kas sebesar $AS38.998.315                 from the net profit for the year ended March 31, 2024
   yang berasal dari laba bersih tahun buku yang                amounting to US$0.046427 per share. The cash
   berakhir pada tanggal 31 Maret 2024 atau sebesar             dividends were fully paid to the shareholders in
   $AS0,046427 per saham. Pembayaran dividen kas                October 2024.
   kepada para pemegang saham dilakukan pada
   bulan Oktober 2024.


23. PENGHASILAN NETO                                         23. NET REVENUES

   Rincian penghasilan neto adalah sebagai berikut:             The details of net revenues are as follows:

                                                Tahun yang berakhir
                                               pada tanggal 31 Maret/
                                               Year ended March 31,

                                             2026                2025

   Penjualan alat berat                                                                        Sales of heavy equipment
        Pihak berelasi (Catatan 6e)            2.202.200            173.250                  Related parties (Note 6e)
        Pihak ketiga                         337.016.727        317.520.262                               Third parties
   Penjualan suku cadang                                                                            Sales of spare parts
        Pihak berelasi (Catatan 6e)            2.631.821            198.834                  Related parties (Note 6e)
        Pihak ketiga                          80.875.600        107.731.995                               Third parties
   Jasa pemeliharaan dan perbaikan                                                      Repair and maintenance services
        Pihak berelasi (Catatan 6e)           39.375.821         21.078.091                  Related parties (Note 6e)
        Pihak ketiga                          43.624.633         61.339.409                               Third parties
   Jasa penyewaan alat berat                                                                  Rental of heavy equipment
        Pihak berelasi (Catatan 6e)                4.594             70.160                  Related parties (Note 6e)
        Pihak ketiga                           9.691.821         14.602.837                              Third parties

   Total                                     515.423.217        522.714.838                                          Total



                                                        81

Page 466
                                                                                        The original financial statements included herein
                                                                                                         are in the Indonesian language.

        PT HEXINDO ADIPERKASA Tbk                                               PT HEXINDO ADIPERKASA Tbk
    CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Maret 2026 dan untuk                                           As of March 31, 2026 and for
  Tahun yang Berakhir pada Tanggal Tersebut                                          the Year then Ended
    (Disajikan dalam Dolar Amerika Serikat,                                   (Expressed in United States Dollar,
            Kecuali Dinyatakan Lain)                                               Unless Otherwise Stated)


24. BEBAN POKOK PENGHASILAN                                           24. COST OF REVENUES

   Rincian beban pokok penghasilan adalah sebagai                          The details of cost of revenues are as follows:
   berikut:

                                                        Tahun yang berakhir
                                                       pada tanggal 31 Maret/
                                                       Year ended March 31,

                                                     2026                   2025

   Penjualan alat berat                             313.015.197             290.753.433                        Sales of heavy equipment
   Penjualan suku cadang                             55.981.592              68.545.493                             Sales of spare parts
   Jasa pemeliharaan dan perbaikan                   51.164.827              45.391.301                Repairs and maintenance services
   Jasa penyewaan alat berat                          5.078.347               7.723.976                       Rental of heavy equipment

   Total                                            425.239.963             412.414.203                                                  Total


   Pembelian alat berat dan suku cadang dari pemasok                       The purchases of heavy equipment and spare parts
   yang melebihi 10% dari jumlah penghasilan selama                        from suppliers with amount of more than 10% of total
   tahun tersebut dilakukan dengan: (Catatan 6e)                           revenues during the years were made with: (Note 6e)

                                      Tahun yang berakhir pada tanggal 31 Maret/Year ended March 31

                                                                             Persentase Terhadap
                                                                              Penghasilan Neto/
                                          Jumlah/Amount                   Percentage to Net Revenues

                                      2026              2025               2026                2025

    PT Hitachi Construction                                                                                              PT Hitachi Construction
       Machinery Indonesia           184.791.887       203.200.397             35,85%              38,87%                Machinery Indonesia
    Hitachi Construction Machinery                                                                               Hitachi Construction Machinery
       Asia and Pacific Pte. Ltd.,                                                                                  Asia and Pacific Pte. Ltd.,
       Singapura                      62.694.266       113.652.330             12,16%              21,74%                          Singapore

    Total                            247.486.153       316.852.727             48,02%              60,61%                                 Total




25. BEBAN PENJUALAN                                                   25. SELLING EXPENSES

   Rincian beban penjualan adalah sebagai berikut:                         The details of selling expenses are as follows:

                                                        Tahun yang berakhir
                                                       pada tanggal 31 Maret/
                                                       Year ended March 31,

                                                     2026                   2025

   Gaji, upah dan imbalan kerja                                                                             Salaries, wages and employee
      karyawan                                        10.283.131             10.699.285                                         benefits
   Royalti (Catatan 33e)                              10.204.890             10.408.167                                 Royalty (Note 33e)
   Inspeksi pra-penyerahan                             2.530.212              1.798.896                             Pre-delivery inspection
   Servis berkala                                      1.889.000              1.529.167                                  Periodical service
   Lain-lain                                           4.020.121              3.678.236                                             Others

   Total                                              28.927.354             28.113.751                                                  Total




                                                                82

Page 467
                                                                         The original financial statements included herein
                                                                                          are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                   PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                               As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                              the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                       (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                   Unless Otherwise Stated)


26. BEBAN UMUM DAN ADMINISTRASI                              26. GENERAL AND ADMINISTRATIVE EXPENSES

   Rincian beban umum dan administrasi adalah                   The details of general and administrative expenses
   sebagai berikut:                                             are as follows:

                                               Tahun yang berakhir
                                              pada tanggal 31 Maret/
                                              Year ended March 31,

                                             2026                2025

   Gaji, upah dan imbalan kerja                                                           Salaries, wages and employee
     karyawan                                13.089.443          14.210.751                                      benefits
   Keperluan kantor                           4.316.585           3.592.750                                 Office supplies
   Penyusutan aset tetap (Catatan 10)         3.434.563           4.029.546         Depreciation of fixed assets (Note 10)
   Tenaga kerja honorer                       2.697.953           2.597.005                                       Honorary
   Penyusutan aset hak-guna                                                           Depreciation of right-of-use assets
     (Catatan 11)                              2.569.767          2.659.110                                    (Note 11)
   Perjalanan dinas                            1.558.088          1.344.655                                       Travelling
   Asuransi                                    1.415.304          1.465.645                                      Insurance
   Komunikasi                                  1.312.289          1.345.296                                Communication
   Perbaikan dan pemeliharaan                  1.058.530          1.182.940                    Repairs and maintenance
   Lain-lain                                   3.090.180          2.018.929                                          Others

   Total                                     34.542.702          34.446.627                                           Total


27. PENDAPATAN LAINNYA                                       27. OTHER INCOME

   Rincian pendapatan lainnya adalah sebagai berikut:           The details of other income are as follows:

                                               Tahun yang berakhir
                                              pada tanggal 31 Maret/
                                              Year ended March 31,

                                             2026                2025

   Laba neto selisih kurs atas                                                                 Gain on foreign exchange
     aktivitas operasi                         1.307.892                  -                      of operating activities
   Pendapatan dividen kas (Catatan 9)            527.325            363.353                     Cash dividends (Note 9)
   Laba atas pelepasan aset tetap - neto                                            Gain on disposal of fixed assets - net
     (Catatan 10)                               220.378             609.994                                 (Note 10)
   Pendapatan klaim garansi - neto               56.926             741.740                 Warranty claim income - net
   Pendapatan komisi                                  -             158.124                          Commission income
   Pemulihan kerugian penurunan nilai                                                 Recovery of impairment losses on
     piutang non-usaha                                -                 121                     non-trade receivables
   Lain-lain                                    425.640             401.109                                        Others

   Total                                       2.538.161          2.274.441                                           Total




                                                        83

Page 468
                                                                             The original financial statements included herein
                                                                                              are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                     PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                 As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                         (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


28. BEBAN LAINNYA                                            28. OTHER EXPENSES

   Rincian beban lainnya adalah sebagai berikut:                 The details of other expenses are as follows:

                                                  Tahun yang berakhir
                                                 pada tanggal 31 Maret/
                                                 Year ended March 31,

                                             2026                 2025


   Rugi atas perubahan nilai wajar                                                               Loss on changes in fair value
     derivatif, setelah dikurangi dengan                                                               of derivative, net with
     realisasi transaksi derivatif                 788.663            722.289          realization of derivative transactions
   Penyisihan kerugian kredit ekspektasian                                               Provision for expected credit loss on
     piutang usaha (Catatan 5)                     699.165            128.156                     trade receivables (Note 5)
   Rugi atas penghapusan aset hak-guna                                                 Loss on disposal of right-of-use assets
     (Catatan 11)                                  114.539                27.134                                    (Note 11)
   Beban pajak                                           -                23.411                                   Tax expense
   Rugi neto selisih kurs atas                                                                       Loss on foreign exchange
     aktivitas operasi                                   -          1.975.565                          of operating activities

   Total                                         1.602.367          2.876.555                                            Total



29. PENGHASILAN BUNGA                                        29. INTEREST INCOME

   Untuk tahun yang berakhir pada tanggal 31 Maret               For the year ended of March 31, 2026 and 2025, this
   2026 dan 2025, akun ini merupakan penghasilan                 account represents interest income from current
   bunga dari jasa giro masing-masing sebesar                    accounts     amounting    to    US$242,661     and
   $AS242.661 dan $AS200.956.                                    US$200,956, respectively.


30. BEBAN BUNGA                                              30. INTEREST EXPENSES

   Rincian beban bunga adalah sebagai berikut:                   The details of interest expenses are as follows:

                                                  Tahun yang berakhir
                                                 pada tanggal 31 Maret/
                                                 Year ended March 31,

                                             2026                 2025

   Utang bank (Catatan 14)                       7.249.039          7.072.169                          Bank loans (Note 14)
   Liabilitas sewa (Catatan 11)                     90.508            240.994                       Lease liabilities (Note 11)

   Total                                         7.339.547          7.313.163                                            Total




                                                        84

Page 469
                                                                             The original financial statements included herein
                                                                                              are in the Indonesian language.

        PT HEXINDO ADIPERKASA Tbk                                      PT HEXINDO ADIPERKASA Tbk
    CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Maret 2026 dan untuk                                  As of March 31, 2026 and for
  Tahun yang Berakhir pada Tanggal Tersebut                                 the Year then Ended
    (Disajikan dalam Dolar Amerika Serikat,                          (Expressed in United States Dollar,
            Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


31. BEBAN PAJAK PENGHASILAN DAN ASET                          31. INCOME TAX EXPENSE AND DEFERRED TAX
    PAJAK TANGGUHAN                                               ASSETS

  Beban Pajak Penghasilan                                        Income Tax Expense

                                                  Tahun yang berakhir
                                                 pada tanggal 31 Maret/
                                                 Year ended March 31,
                                                2026              2025
   Pajak kini:                                                                                                    Current tax:
     Tahun berjalan                             (4.973.579)        (9.752.006)                                 Current year
     Pemeriksaan pajak tahun sebelumnya                  -            (90.612)                          Prior year tax audit
   Manfaat pajak tangguhan                         404.592            878.417                            Deferred tax benefit

   Beban pajak penghasilan - neto               (4.568.987)        (8.964.201)                     Income tax expense - net


  Beban Pajak Penghasilan - Pajak Kini                           Income Tax Expense - Current

  Rekonsiliasi antara laba sebelum pajak penghasilan             The reconciliation between profit before income tax
  seperti yang disajikan dalam laporan laba rugi dan             as shown in the statement of profit or loss and other
  penghasilan komprehensif lain dengan penghasilan               comprehensive income and the taxable income for
  kena pajak untuk tahun yang berakhir pada tanggal-             the years ended March 31, 2026 and 2025 are as
  tanggal 31 Maret 2026 dan 2025 adalah sebagai                  follows:
  berikut:

                                                  Tahun yang berakhir
                                                 pada tanggal 31 Maret/
                                                 Year ended March 31,

                                                2026              2025

   Laba sebelum pajak penghasilan                                                                     Profit before income tax
     seperti yang disajikan dalam                                                            as shown in the statements of
     laporan laba rugi dan                                                                                 profit or loss and
     penghasilan komprehensif lain              20.552.106         40.025.936                 other comprehensive income

   Ditambah (dikurangi) beda temporer:                                                   Add (deduct) temporary differences:
      Penyisihan imbalan kerja                                                                       Provision for employee
        karyawan - neto                          2.377.421          4.070.973                                benefits - net
      Penyisihan kerugian kredit ekspektasian                                          Provision for expected credit loss on
        atas nilai piutang usaha - neto            619.650            107.446                      trade receivables - net
      Sewa                                        (835.553)           180.214                                          Lease
      Penyisihan penurunan                                                                            Provision for decline in
        nilai pasar persediaan - neto             (235.354)           599.238              market value of inventories - net
      Aset tetap                                   (56.244)          (960.098)                                  Fixed assets
      Penyisihan (pemulihan)                                                                            Provision (recovery)
        kerugian penurunan nilai                                                                for impairment losses on
        piutang non-usaha                          (30.868)               (4.970)                   non-trade receivables
   Beda temporer neto                            1.839.052          3.992.803                       Net temporary differences
   Ditambah (dikurangi) beda permanen:                                                   Add (deduct) permanent differences:
      Promosi                                      351.342            535.363                                   Promotion
      Beban kantor                                 222.562            165.884                              Office expense
      Pajak dan perizinan                           95.866              1.078                          Taxes and licenses
      Sumbangan                                     26.708             15.873                                    Donation
      Jamuan                                        19.369             23.262                                Entertainment
      Pendapatan dividen kas                      (527.325)          (363.353)                      Cash dividend income
      Penghasilan bunga yang telah                                                                Interest income already
        dikenakan pajak final                     (245.007)          (147.142)                    subjected to final tax
      Lain-lain                                    272.503             77.595                                       Others
   Beda permanen neto                              216.018            308.560                      Net permanent differences
   Penghasilan kena pajak                       22.607.176         44.327.299                                Taxable income



                                                        85

Page 470
                                                                            The original financial statements included herein
                                                                                             are in the Indonesian language.

        PT HEXINDO ADIPERKASA Tbk                                     PT HEXINDO ADIPERKASA Tbk
    CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Maret 2026 dan untuk                                 As of March 31, 2026 and for
  Tahun yang Berakhir pada Tanggal Tersebut                                the Year then Ended
    (Disajikan dalam Dolar Amerika Serikat,                         (Expressed in United States Dollar,
            Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


31. BEBAN PAJAK PENGHASILAN DAN ASET                           31. INCOME TAX EXPENSE AND DEFERRED TAX
    PAJAK TANGGUHAN (lanjutan)                                     ASSETS (continued)

  Perhitungan taksiran tagihan pajak (utang pajak                The computation of estimated claim for tax refund
  penghasilan Pasal 29) adalah sebagai berikut:                  (income tax payable under Article 29) is as follows:

                                               Tahun yang berakhir
                                              pada tanggal 31 Maret/
                                              Year ended March 31,

                                             2026                 2025

   Penghasilan kena pajak                    22.607.176           44.327.299                                  Taxable income

   Beban pajak penghasilan - pajak kini       (4.973.579)          (9.752.006)                  Income tax expense - current
   Dikurangi pajak penghasilan                                                                            Less prepayment of
     dibayar di muka:                                                                                      income taxes:
     Pasal 22                                 3.589.904            3.335.848                                   Article 22
     Pasal 23                                   576.625              962.117                                   Article 23
     Pasal 25                                 1.895.724            2.398.572                                   Article 25

   Total pajak penghasilan dibayar di muka    6.062.253            6.696.537               Total prepayment of income taxes

   Taksiran tagihan pajak                                                                  Estimated claim for tax refund
   (Utang pajak penghasilan                                                                            (Income tax payable
     Pasal 29) (Catatan 13 dan 18b)           1.088.674            (3.055.469)       under Article 29) (Note 13 and 18b)


  Penghasilan kena pajak Perusahaan untuk tahun                  The Company’s taxable income for the year ended
  yang berakhir pada tanggal 31 Maret 2026 tersebut              March 31, 2026 as computed above will be reported
  di atas akan dilaporkan di Surat Pemberitahuan                 in 2025 Annual Tax Return.
  (“SPT”) tahun 2025.

  Penghasilan kena pajak Perusahaan untuk tahun                  The Company’s taxable income for the year ended
  yang berakhir pada tanggal 31 Maret 2025 tersebut              March 31, 2025 as computed above has been
  di atas telah dilaporkan di SPT tahun 2024.                    reported in 2024 Annual Tax Return.

  Pajak Penghasilan Tangguhan                                    Deferred Income Tax

  Perhitungan manfaat pajak penghasilan tangguhan                The computation of deferred income tax benefit on
  atas beda temporer antara pelaporan komersial dan              temporary differences between commercial and tax
  pajak dengan menggunakan tarif pajak yang berlaku              reporting purposes using the applicable tax rate is as
  adalah sebagai berikut:                                        follows:

                                               Tahun yang berakhir
                                              pada tanggal 31 Maret/
                                              Year ended March 31,

                                             2026                 2025

   Penyisihan imbalan kerja                                                                            Provision for employee
     karyawan - neto                            523.033              895.614                                   benefits - net
   Penyisihan kerugian kredit ekspektasian                                               Provision for expected credit loss on
     atas nilai piutang usaha - neto            136.323                23.638                        trade receivables - net
   Sewa                                        (183.821)               39.647                                            Lease
   Penyisihan penurunan                                                                                 Provision for decline in
     nilai pasar persediaan - neto              (51.778)             131.832               market value of inventories - net
   Aset tetap                                   (12.374)            (211.221)                                     Fixed assets
   Penyisihan (pemulihan) kerugian                                                 Provision (recovery) for impairment losses
     penurunan nilai piutang non-usaha              (6.791 )             (1.093)                  on non-trade receivables

   Manfaat pajak penghasilan                                                                            Deferred income tax
     tangguhan - neto                           404.592              878.417                                  benefit - net




                                                         86

Page 471
                                                                                   The original financial statements included herein
                                                                                                    are in the Indonesian language.

        PT HEXINDO ADIPERKASA Tbk                                             PT HEXINDO ADIPERKASA Tbk
    CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Maret 2026 dan untuk                                         As of March 31, 2026 and for
  Tahun yang Berakhir pada Tanggal Tersebut                                        the Year then Ended
    (Disajikan dalam Dolar Amerika Serikat,                                 (Expressed in United States Dollar,
            Kecuali Dinyatakan Lain)                                             Unless Otherwise Stated)


31. BEBAN PAJAK PENGHASILAN DAN ASET                                  31. INCOME TAX EXPENSE AND DEFERRED TAX
    PAJAK TANGGUHAN (lanjutan)                                            ASSETS (continued)

  Rekonsiliasi antara beban pajak penghasilan yang                       The reconciliation between income tax expense
  dihitung dengan menggunakan tarif pajak yang                           which is computed using the applicable tax rate from
  berlaku dari laba sebelum pajak penghasilan dan                        profit before income tax with the income
  beban pajak penghasilan - neto seperti yang                            tax expense - net as shown in the statements of profit
  disajikan dalam laporan laba rugi dan penghasilan                      or loss and other comprehensive income for the
  komprehensif lain untuk tahun yang berakhir pada                       years ended March 31, 2026 and 2025 are as
  tanggal-tanggal 31 Maret 2026 dan 2025 adalah                          follows:
  sebagai berikut:

                                                      Tahun yang berakhir
                                                     pada tanggal 31 Maret/
                                                     Year ended March 31,

                                                    2026                  2025
   Laba sebelum pajak penghasilan                   20.552.106             40.025.936                        Profit before income tax

   Beban pajak penghasilan dengan                                                                              Income tax expense
     tarif pajak yang berlaku                       (4.521.463 )           (8.805.706)                      at applicable tax rate
   Pengaruh pajak atas beda permanen                   (47.524)               (67.883)         Tax effect on permanent differences
   Pemeriksaan pajak tahun sebelumnya                        -                (90.612)                          Prior year tax audit

   Beban pajak penghasilan - neto                   (4.568.987)            (8.964.201)                   Income tax expense - net


  Aset dan liabilitas pajak tangguhan pada tanggal                       The deferred tax assets and liabilities as of
  31 Maret 2026 dan 2025 adalah sebagai berikut:                         March 31, 2026 and 2025 are as follows:

                                            Tahun yang berakhir pada tanggal 31 Maret 2026/
                                                      Year ended March 31, 2026

                                                      Dibebankan pada/Charged to

                                                                          Penghasilan
                                                                             (Rugi)
                                                                         Komprehensif
                                                                              Lain/
                                                                             Other
                                    Saldo Awal/                         Comprehensive         Saldo Akhir/
                                     Beginning        Laba Rugi/            Income              Ending
                                      Balance        Profit or Loss          (Loss)             Balance

   Piutang usaha                         133.174            136.323                      -           269.497        Trade receivables
   Piutang non-usaha                      23.121             (6.791)                     -            16.330     Non-trade receivables
   Persediaan                            892.746            (51.778 )                    -           840.968                Inventories
   Aset keuangan                                                                                                           Non-current
      tidak lancar                       (53.630)                  -              14.724             (38.906)       financial assets
   Aset tetap                           (388.844)            (12.374)                  -            (401.218)             Fixed assets
   Aset hak-guna                         (34.312)           (183.821)                  -            (218.133)      Right-of-use assets
   Liabilitas imbalan kerja                                                                                       Long-term employee
      jangka panjang                   3.879.003            523.033               70.062           4.472.098          benefits liability

   Aset pajak                                                                                                            Deferred tax
     tangguhan - neto                  4.451.258            404.592               84.786           4.940.636            assets - net




                                                              87

Page 472
                                                                              The original financial statements included herein
                                                                                               are in the Indonesian language.

        PT HEXINDO ADIPERKASA Tbk                                         PT HEXINDO ADIPERKASA Tbk
    CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Maret 2026 dan untuk                                     As of March 31, 2026 and for
  Tahun yang Berakhir pada Tanggal Tersebut                                    the Year then Ended
    (Disajikan dalam Dolar Amerika Serikat,                             (Expressed in United States Dollar,
            Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


31. BEBAN PAJAK PENGHASILAN DAN ASET                             31. INCOME TAX EXPENSE AND DEFERRED TAX
    PAJAK TANGGUHAN (lanjutan)                                       ASSETS (continued)

  Aset dan liabilitas pajak tangguhan pada tanggal                   The deferred tax assets and liabilities as of
  31 Maret 2026 dan 2025 adalah sebagai berikut:                     March 31, 2026 and 2025 are as follows: (continued)
  (lanjutan)

                                        Tahun yang berakhir pada tanggal 31 Maret 2025/
                                                  Year ended March 31, 2025

                                                 Dibebankan pada/Charged to

                                                                      Penghasilan
                                                                         (Rugi)
                                                                     Komprehensif
                                                                          Lain/
                                                                         Other
                                Saldo Awal/                         Comprehensive         Saldo Akhir/
                                 Beginning       Laba Rugi/             Income              Ending
                                  Balance       Profit or Loss           (Loss)             Balance

   Piutang usaha                     109.536              23.638                    -           133.174        Trade receivables
   Piutang non-usaha                  24.214              (1.093)                   -            23.121     Non-trade receivables
   Persediaan                        760.914             131.832                    -           892.746                Inventories
   Aset keuangan                                                                                                      Non-current
      tidak lancar                  (144.460)                 -               90.830             (53.630)      financial assets
   Aset tetap                       (177.623)          (211.221)                   -            (388.844)            Fixed assets
   Aset hak-guna                     (73.959)            39.647                    -             (34.312)     Right-of-use assets
   Liabilitas imbalan kerja                                                                                  Long-term employee
      jangka panjang               3.021.488             895.614             (38.099)          3.879.003         benefits liability

   Aset pajak                                                                                                       Deferred tax
     tangguhan - neto              3.520.110             878.417              52.731           4.451.258           assets - net



  Pajak penghasilan Pilar 2                                          Pillar 2 income taxes

  Aturan Pajak Minimum Global (Global Anti-base                      The Global Anti-base Erosion Rule (“Pillar 2” model)
  Erosion Rule atau model “Pilar 2”) telah diadopsi di               were adopted in Indonesia at the end of 2024 and are
  Indonesia pada akhir tahun 2024 dan berlaku mulai                  applicable starting from January 1, 2025. According
  1 Januari 2025. Berdasarkan aturan tersebut,                       to these rules, Hitachi Construction Machinery Co.
  Hitachi Construction Machinery Co. Ltd., entitas                   Ltd., the ultimate parent entity (“UPE”) incorporated
  induk utama (“UPE”) yang berdomisili di Jepang,                    in Japan, is within the scope and shall apply Pillar 2
  masuk dalam lingkup dan wajib menerapkan                           rules. PMK (Peraturan Menteri Keuangan or the
  ketentuan Pilar 2. PMK (Peraturan Menteri                          Ministry of Finance Rule) No. 136/2024 related to
  Keuangan) No. 136/2024 mengenai Pilar 2 telah                      Pillar 2 legislation has been enacted in Indonesia and
  disahkan dan secara substantif berlaku di Indonesia                similar laws also have been enacted in several other
  dan peraturan serupa juga sudah diberlakukan di                    jurisdictions in which the Group operates effective for
  beberapa yurisdiksi lain tempat Perusahaan                         the financial year beginning January 1, 2025.
  beroperasi, dan telah berlaku efektif untuk tahun
  buku yang dimulai pada 1 Januari 2025.

  UPE telah melakukan evaluasi atas potensi                          The UPE has assessed of its potential exposure to
  eksposur terhadap pajak penghasilan Pilar 2 sesuai                 Pillar Two income taxes based on the 2025 (Country
  Laporan per negara (Country by Country Report or                   by Country Report or “CbCR”) and financial
  “CbCR”) dan informasi keuangan tahun 2025 untuk                    information for the constituent entities within the
  entitas-entitas konstituen dalam Perusahaan dan                    Company and determined the Company’s simplified
  menetapkan bahwa tarif pajak efektif yang                          effective tax rates is above 16% and therefore can
  disederhanakan Perusahaan adalah di atas 16%                       apply Safe Harbour does not have to pay top up
  sehingga dapat menerapkan ketentuan Safe                           Pillar 2 income tax.
  Harbour dan tidak perlu membayar pajak tambahan
  Pilar 2.




                                                          88

Page 473
                                                                        The original financial statements included herein
                                                                                         are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                  PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                              NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                              As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                             the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                      (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                  Unless Otherwise Stated)


32. ASET DAN LIABILITAS MONETER DALAM MATA                 32. MONETARY ASSETS AND                  LIABILITIES         IN
    UANG ASING                                                 FOREIGN CURRENCIES

   Pada tanggal 31 Maret 2026 dan 2025, Perusahaan            As of March 31, 2026 and 2025, the Company has
   memiliki aset dan liabilitas moneter dalam mata            monetary assets and liabilities denominated in
   uang asing sebagai berikut:                                foreign currencies as follows:

                                          31 Maret 2026/March 31, 2026

                                      Mata Uang                   Setara
                                        Asing/             Dolar Amerika Serikat/
                                       Foreign                 Equivalent in
                                      Currencies            United States Dollar

  Aset                                                                                                       Assets
  Kas dan bank                  Rp/Rp217.266.447.504                  12.786.090           Cash on hand and in banks
                                ¥JP/JP¥10.694.318                         66.946
  Piutang usaha                                                                                     Trade receivables
      Pihak berelasi            Rp/Rp103.580.418.939                   6.095.708                    Related parties
      Pihak ketiga              Rp/Rp1.820.790.800.780               107.153.453                        Third parties
  Piutang non-usaha                                                                              Non-trade receivables
      Pihak berelasi            Rp/Rp81.222.253                            4.780                    Related parties
      Pihak ketiga              Rp/Rp1.761.118.152                       101.490                        Third parties
  Total Aset                                                         126.208.467                          Total Assets

  Liabilitas                                                                                                Liabilities
  Utang bank jangka pendek      Rp/Rp1.585.588.800.000                93.308.350                 Short-term bank loans
  Utang usaha                                                                                           Trade payables
      Pihak berelasi            Rp/Rp860.045.930.631                  50.613.703                     Related parties
                                ¥JP/JP¥744.286.522                     4.658.199
      Pihak ketiga              Rp/Rp119.376.009.952                   7.025.279                        Third parties
                                $AU/AU$24.045                             16.473
  Utang non-usaha                                                                                  Non-trade payables
      Pihak berelasi            ¥JP/JP¥36.726.235                        229.906                    Related parties
      Pihak ketiga              Rp/Rp21.416.974.676                    1.260.389                        Third parties
  Liabilitas imbalan kerja                                                                        Short-term employee
      jangka pendek             Rp/Rp45.308.732.428                    2.666.317                    benefits liability
  Utang pajak                   Rp/Rp8.578.421.660                       504.831                        Taxes payable
  Liabilitas sewa               Rp/Rp6.411.371.559                       377.309                        Lease liabilities
  Total Liabilitas                                                   160.660.756                       Total Liabilities

  Liabilitas Moneter Neto                                            (34.452.289)            Net Monetary Liabilities




                                                      89

Page 474
                                                                        The original financial statements included herein
                                                                                         are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                  PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                              NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                              As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                             the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                      (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                  Unless Otherwise Stated)


32. ASET DAN LIABILITAS MONETER DALAM MATA                 32. MONETARY ASSETS AND LIABILITIES                          IN
    UANG ASING (lanjutan)                                      FOREIGN CURRENCIES (continued)

   Pada tanggal 31 Maret 2026 dan 2025, Perusahaan            As of March 31, 2026 and 2025, the Company has
   memiliki aset dan liabilitas moneter dalam mata            monetary assets and liabilities denominated in
   uang asing sebagai berikut: (lanjutan)                     foreign currencies as follows: (continued)

                                          31 Maret 2025/March 31, 2025

                                      Mata Uang                   Setara
                                        Asing/             Dolar Amerika Serikat/
                                       Foreign                 Equivalent in
                                      Currencies            United States Dollar

  Aset                                                                                                       Assets
  Kas dan bank                  Rp/Rp194.878.694.482                  11.747.265           Cash on hand and in banks
                                ¥JP/JP¥2.301.685                          15.306
   Piutang usaha                                                                                    Trade receivables
       Pihak berelasi           Rp/Rp87.439.901.248                    5.272.626                    Related parties
       Pihak ketiga             Rp/Rp2.479.415.528.487               149.513.909                        Third parties
   Piutang non-usaha                                                                             Non-trade receivables
       Pihak berelasi           Rp/Rp1.421.977.234                        85.745                    Related parties
       Pihak ketiga             Rp/Rp4.520.762.583                       272.602                        Third parties
   Total Aset                                                        166.907.453                          Total Assets

   Liabilitas                                                                                               Liabilities
   Utang bank jangka pendek     Rp/Rp2.057.648.380.800               124.042.897                 Short-term bank loans
   Utang usaha                                                                                          Trade payables
       Pihak berelasi           Rp/Rp577.679.296.421                  34.823.108                     Related parties
                                ¥JP/JP¥919.072.683                     6.111.833
      Pihak ketiga              Rp/Rp143.762.617.232                   8.657.496                        Third parties
                                ¥JP/JP¥37.775.850                        251.209
                                $AU/AU$16.445                             10.391
   Utang non-usaha                                                                                 Non-trade payables
      Pihak berelasi            ¥JP/JP¥45.472.086                        302.389                    Related parties
                                $SG/SG$92.239                             68.987
      Pihak ketiga              Rp/Rp22.230.453.290                    1.340.052                        Third parties
   Liabilitas imbalan kerja                                                                       Short-term employee
      jangka pendek             Rp/Rp71.827.793.151                    4.369.458                    benefits liability
   Utang pajak                  Rp/Rp31.948.832.636                    1.940.409                        Taxes payable
   Liabilitas sewa              Rp/Rp22.573.438.599                    1.360.727                        Lease liabilities

   Total Liabilitas                                                  183.278.956                       Total Liabilities

   Liabilitas Moneter Neto                                           (16.371.503)            Net Monetary Liabilities




                                                      90

Page 475
                                                                            The original financial statements included herein
                                                                                             are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                      PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                  As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                 the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                          (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


32. ASET DAN LIABILITAS MONETER DALAM MATA                       32. MONETARY ASSETS AND LIABILITIES                      IN
    UANG ASING (lanjutan)                                            FOREIGN CURRENCIES (continued)

   Pada tanggal 30 Juni 2026, kurs rata-rata jual dan              As of June 30, 2026, the average rates for selling and
   beli uang kertas asing dan/atau nilai tukar transaksi           buying bank notes and/or transaction exchange rates
   yang dipublikasikan Bank Indonesia adalah sebesar               published by Bank Indonesia were US$0.56 to
   $AS0,56 untuk Rp10.000, $AS0,69 untuk $AU1 dan                  Rp10,000, US$0.69 to AU$1 and US$0.01 to JP¥1.
   $AS0,01 untuk ¥JP1. Dengan menggunakan kurs                     Using the middle rates of exchange as of
   tengah pada tanggal 30 Juni 2026, liabilitas moneter            June 30, 2026, the net monetary liabilities as of
   neto pada tanggal 31 Maret 2026 tersebut akan                   March 31, 2026 will decrease by US$1,493,353.
   turun sebesar $AS1.493.353.


33. PERJANJIAN DAN IKATAN PENTING                                33. SIGNIFICANT           AGREEMENTS                  AND
                                                                     COMMITMENTS

   Berikut adalah perjanjian dan ikatan penting pada               The following are significant agreements and
   tanggal 31 Maret 2026:                                          commitments as of March 31, 2026:

   a.   Perjanjian Distribusi                                      a.   Distributorship Agreements

        Perusahaan mengadakan beberapa perjanjian                       The Company has several distributorship
        distribusi untuk menjual alat-alat berat jenis                  agreements in relation to the sale of certain
        tertentu dan suku cadangnya dengan                              heavy equipment and its spare parts with
        perusahaan pemegang lisensi, antara lain,                       several licensed companies, among others,
        HCM, HMAP dan HCMI (Catatan 6c).                                HCM, HMAP and HCMI (Note 6c).

        Perjanjian-perjanjian    tersebut     umumnya                   The above agreements generally cover a period
        mencakup jangka waktu antara 1 (satu) tahun                     of 1 (one) year to 5 (five) years and can be
        sampai dengan 5 (lima) tahun dan dapat                          extended from time to time as agreed by the
        diperpanjang sesuai dengan persetujuan para                     parties. These agreements require the
        pihak. Perjanjian tersebut, antara lain,                        Company, among others, to achieve certain
        mensyaratkan Perusahaan untuk mencapai                          sales targets and provide after sales services on
        target penjualan tertentu dan memberikan                        the heavy equipment sold. Based on the latest
        pelayanan purna jual atas penjualan alat berat                  Letter of Appointment from HCM dated
        yang telah dilakukan. Berdasarkan Surat                         August 9, 2016, this agreement is valid and
        Penunjukan terakhir dari HCM bertanggal                         automatically extended. Based on the latest
        9 Agustus 2016, perjanjian tersebut akan                        Letter of Appointment from HMAP dated
        berlaku     dan      otomatis     diperpanjang.                 November 5, 2018, agreement with HMAP
        Berdasarkan Surat Penunjukan terakhir dari                      effectively started from June 1, 2018 until
        HMAP bertanggal 5 November 2018, perjanjian                     June 1, 2019. On April 30, 2019, the agreement
        ini berlaku mulai tanggal 1 Juni 2018 sampai                    has been extended and valid until June 1, 2022.
        dengan tanggal 1 Juni 2019. Pada tanggal                        On May 24, 2022, the agreement has been
        30 April 2019, perjanjian ini diperpanjang dan                  extended and valid until June 1, 2025.
        berlaku sampai dengan tanggal 1 Juni 2022.
        Pada tanggal 24 Mei 2022, perjanjian ini telah
        diperpanjang dan berlaku sampai 1 Juni 2025.

        Berdasarkan perjanjian tanggal 1 Juni 2025,                     Based on agreement dated June 1, 2025, the
        jangka waktu perjanjian ini diperpanjang selama                 agreement has been extended and valid for
        1 (satu) tahun dan akan diperpanjang secara                     1 (one) year and will be extended automatically.
        otomatis.

        Perusahaan juga melakukan kerjasama                             The Company also entered into Distribution
        distribusi alat berat dengan merek “Bell”, antara               Agreement between Bell and HMAP in relation
        Bell, HMAP dan Perusahaan bertanggal                            to distribute the “Bell” heavy equipment. The
        16 Maret 2018 dan berlaku sampai dengan                         date of agreement is March 16, 2018, and valid
        tanggal 16 Maret 2023. Pada tanggal 2 Maret                     until March 16, 2023. On March 2, 2023, this
        2023, perjanjian ini telah diperpanjang dan                     agreement has been extended and valid until
        berlaku sampai 15 Maret 2028.                                   March 15, 2028.




                                                            91

Page 476
                                                                             The original financial statements included herein
                                                                                              are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                      PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                  As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                 the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                          (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


33. PERJANJIAN DAN IKATAN PENTING (lanjutan)                     33. SIGNIFICANT AGREEMENTS AND COMMITMENTS
                                                                     (continued)

   Berikut adalah perjanjian dan ikatan penting pada               The following are significant agreements and
   tanggal 31 Maret 2026: (lanjutan)                               commitments as of March 31, 2026: (continued)

   a.   Perjanjian Distribusi (lanjutan)                           a.   Distributorship Agreements (continued)

        Pada tanggal 9 Maret 2026, Perusahaan                           On March 9, 2026, the Company entered into a
        melakukan       kerjasama      Sub-distributor                  non-exclusive Sub-Distributor Agreement for
        Kendaraan Complete Build-up (non-eksklusif)                     Complete Build-Up Vehicles with PT Foton
        dengan PT Foton Pemasaran & Penjualan                           Pemasaran & Penjualan Indonesia in relation to
        Indonesia untuk melakukan distribusi alat berat                 distribute the “Auman” heavy equipment. The
        dengan merk “Auman”. Perjanjian tersebut                        purpose of this agreement is to enable the
        bertujuan agar Perusahaan dapat menjual                         Company to sell products to end-users, promote
        produk      kepada       pengguna        akhir,                 the sales, and improve the level of after-sales
        mempromosikan penjualan dan meningkatkan                        services for the heavy equipment sold.
        pelayanan purna jual atas penjualan alat berat                  The agreement is valid from April 12, 2026 until
        yang telah dilakukan. Perjanjian ini berlaku                    April 12, 2029. During the term of the
        mulai tanggal 12 April 2026 sampai dengan                       agreement, the Company is required to meet
        12 April 2029. Selama periode perjanjian,                       certain minimum purchase quantities.
        Perusahaan disyaratkan untuk memenuhi
        jumlah minimum pembelian tertentu.

   b.   Perjanjian Penjualan dan Pembelian antar                   b. Three Parties Sales and Purchase Agreement
        Tiga Pihak

        Perusahaan mengadakan perjanjian jual beli                      The Company entered into three parties sales
        tiga belah pihak dengan HMAP dan pelanggan                      and purchase agreements with HMAP and
        tertentu, dimana Perusahaan ditunjuk sebagai                    certain customers, whereby the Company was
        perantara atas penjualan alat berat yang dijual                 appointed as a sales agent on sales of heavy
        HMAP kepada pelanggan tertentu di Indonesia.                    equipment from HMAP to certain customers in
        Berdasarkan        perjanjian,    Perusahaan                    Indonesia. Based on these agreements, the
        bertanggung jawab untuk memberikan jasa                         Company is responsible in providing service in
        perakitan mesin dan penagihan pembayaran                        assembling the product and to collect the
        atas mesin yang dibeli oleh pelanggan.                          payment of the product bought by customers.

        Sebagai       kompensasinya,        Perusahaan                  As compensation, the Company receives
        memperoleh       penghasilan     jasa     komisi,               commission       income,     assembling     and
        penghasilan jasa perakitan dan administrasi                     administration income from HMAP for collection
        dari HMAP atas jasa penagihan sebesar                           of receivable based on a certain percentage of
        persentase tertentu dari harga alat berat yang                  the sales price of heavy equipment and collected
        dijual dan piutang yang berhasil ditagih.                       receivable.

   c.   Perjanjian Komisi                                          c. Commission Agreement

        Perusahaan mengadakan perjanjian komisi                         The Company entered into a commission
        dengan HCM, dimana sebagai imbalannya,                          agreement      with     HCM,       whereby       as
        Perusahaan akan memperoleh penghasilan                          compensation,      the     Company         receives
        jasa komisi sejumlah persentase tertentu dari                   commission income from HCM based on certain
        harga jual produk yang dijual oleh HCM kepada                   percentage of the sales price of heavy
        pihak ketiga tertentu di Indonesia. Berdasarkan                 equipment sold to certain third parties in
        perjanjian, Perusahaan bertanggung jawab                        Indonesia. Based on the agreement, the
        untuk menyediakan jasa teknis dalam rangka                      Company is responsible to provide the technical
        perakitan mesin, melakukan inspeksi berkala                     assistance of assembling of the product, perform
        selama masa garansi dan memberikan                              periodic inspection during the warranty period
        pelatihan kepada pihak ketiga tertentu.                         and provide training to certain third parties.




                                                            92

Page 477
                                                                             The original financial statements included herein
                                                                                              are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                        PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                    As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                   the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                            (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


33. PERJANJIAN DAN IKATAN PENTING (lanjutan)                      33. SIGNIFICANT AGREEMENTS AND COMMITMENTS
                                                                      (continued)

   Berikut adalah perjanjian dan ikatan penting pada                 The following are significant agreements and
   tanggal 31 Maret 2026: (lanjutan)                                 commitments as of March 31, 2026: (continued)

   d.   Fasilitas Pinjaman yang Tidak Digunakan                      d. Unused Credit Facility

        Pada tanggal 31 Maret 2026, Perusahaan                          As of March 31, 2026, the Company have
        memiliki fasilitas pinjaman yang belum                          unused credit facilities obtained from Deutsche
        dipergunakan yang diperoleh dari Deutsche                       Bank AG., Jakarta Branch under uncommitted
        Bank AG., Cabang Jakarta berupa fasilitas                       revolving credit facility with a maximum credit
        jangka pendek dengan batas maksimum                             facility of US$10,000,000. This loan facility is
        pinjaman sebesar $AS10.000.000. Fasilitas                       available until June 30, 2026.
        pinjaman ini tersedia sampai dengan tanggal 30
        Juni 2026.

   e.   Perjanjian Brand Value                                       e. Brand Value Agreement

        Perjanjian HCM Individual         Construction                  Agreement HCM Individual              Construction
        Machinery Brand Value                                           Machinery Brand Value

        Pada tahun 2017, Perusahaan dan HCM,                            In 2017, the Company and HCM, entered into
        mengadakan perjanjian HCM Individual                            HCM Individual Construction Machinery Brand
        Construction Machinery Brand Value, dimana                      Value agreement, whereby, HCM grants the
        HCM memberikan hak non ekslusif kepada                          Company the non exclusive right to use the
        Perusahaan untuk menggunakan merek dari                         Construction Machinery Business Brand, such
        Construction Machinery Business seperti                         as “Zaxis”, “Support Chain”, “Global e-Service”,
        “Zaxis”, “Support Chain”, “Global e-Service”,                   “ConSite” and “MaintenancePRO”.
        “ConSite” dan “MaintenancePRO”.

        Berdasarkan perjanjian ini, Perusahaan                          Based on this agreement, the Company shall
        diharuskan membayar setiap tahun kepada                         annually pay HCM 1% of the Company's total
        HCM sebesar 1% dari total pendapatan                            revenues (excluding sales to HCM and its
        Perusahaan (di luar penjualan kepada HCM                        subsidiaries which are consolidated into HCM
        dan entitas anak yang dikonsolidasikan ke                       during the fiscal year), provided that the fiscal
        HCM selama tahun fiskal), dimana tahun fiskal                   year in question is the fiscal year of HCM. This
        yang dimaksud adalah tahun fiskal HCM.                          agreement is effective from April 1, 2017 and
        Perjanjian ini mulai berlaku sejak tanggal 1 April              will be valid for 3 (three) years and will be
        2017 dan akan berlaku selama 3 (tiga) tahun                     automatically extended for 1 (one) year.
        dan akan diperpanjang selama satu 1 (satu)
        tahun secara otomatis.

        Perjanjian Hitachi Brand Value                                   Agreement Hitachi Brand Value

        Pada tahun 2017, Perusahaan dan HCM,                             In 2017, the Company and HCM, entered into
        mengadakan perjanjian Hitachi Brand Value,                       an agreement regarding Hitachi Brand Value,
        dimana HCM memberikan hak non ekslusif                           whereby, HCM grants the Company the
        kepada Perusahaan untuk menggunakan                              non-exclusive right to use the “Hitachi” brand.
        merek “Hitachi”.

        Berdasarkan      perjanjian    ini,  Perusahaan                  Based on this agreement, the Company is
        diharuskan membayar setiap tahun kepada                          required to annually pay HCM 1% of the
        HCM sebesar 1% dari total pendapatan                             Company's total revenues (excluding sales to
        Perusahaan (di luar penjualan kepada Hitachi                     Hitachi and its subsidiaries which are
        dan entitas anak yang dikonsolidasikan ke                        consolidated into Hitachi during the fiscal year),
        Hitachi selama tahun fiskal), dimana tahun fiskal                provided that the fiscal year in question is the
        yang dimaksud adalah tahun fiskal HCM.                           fiscal year of HCM. This agreement is effective
        Perjanjian ini mulai berlaku sejak tanggal 1 April               from April 1, 2017 and will be valid for
        2017 dan akan berlaku selama 3 (tiga) tahun dan                  3 (three) years and will be automatically
        akan       diperpanjang      otomatis     selama                 renewed for 1 (one) year.
        1 (satu) tahun.


                                                             93

Page 478
                                                                           The original financial statements included herein
                                                                                            are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                     PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                 As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                         (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


33. PERJANJIAN DAN IKATAN PENTING (lanjutan)                   33. SIGNIFICANT AGREEMENTS AND COMMITMENTS
                                                                   (continued)

   Berikut adalah perjanjian dan ikatan penting pada             The following are significant agreements and
   tanggal 31 Maret 2026: (lanjutan)                             commitments as of March 31, 2026: (continued)

   e.   Perjanjian Brand Value (lanjutan)                        e. Brand Value Agreement (continued)

        Perjanjian Hitachi Brand Value (lanjutan)                      Agreement Hitachi Brand Value (continued)

        Perusahaan mengakui beban royalti atas                         The Company recorded royalty expense for
        perjanjian HCM Individual Construction                         HCM Individual Construction Machinery Brand
        Machinery Brand Value dan Hitachi Brand                        Value and Hitachi Brand Value agreements
        Value untuk tahun yang berakhir pada tanggal-                  amounting       to    US$10,204,890         and
        tanggal 31 Maret 2026 dan 2025 masing-                         US$10,408,167 for the years ended March 31,
        masing     sebesar    $AS10.204.890      dan                   2026 and 2025, respectively, which is recorded
        $AS10.408.167, dicatat sebagai bagian dari                     as part of “Selling Expenses” account in the
        akun “Beban Penjualan” dalam laporan laba                      statements of profit or loss and other
        rugi dan penghasilan komprehensif lain                         comprehensive income (Note 25). As of March
        (Catatan 25). Biaya royalti yang masih harus                   31, 2026 and 2025, accrued royalty expenses
        dibayar pada tanggal 31 Maret 2026 dan 2025                    amounting     to    US$4,927,889            and
        masing-masing sebesar $AS4.927.889 dan                         US$5,827,000, respectively, and recorded as
        $AS5.827.000, dan dicatat sebagai bagian dari                  part of “Accrued Expenses” account in the
        akun “Beban Akrual” dalam laporan posisi                       statements of financial position (Note 17).
        keuangan (Catatan 17).

   f.   Kontrak Nilai Tukar Mata Uang Asing                       f.   Foreign Exchange Contract

        Pada tanggal 13 November 2018, Perusahaan                      On November 13, 2018, the Company and
        dan MUFG Jakarta mengadakan perjanjian                         MUFG Jakarta entered into a foreign exchange
        kontrak nilai tukar mata uang asing untuk                      contract for hedging purposes with a maximum
        keperluan lindung nilai dengan batas                           limit of US$24,000,000. This agreement has
        maksimum sebesar $AS24.000.000. Perjanjian                     been extended several times, with availability
        ini telah dilakukan beberapa kali perpanjangan,                period until March 31, 2026 and maturity until
        dengan jangka waktu ketersediaan hingga                        March 31, 2027.
        tanggal 31 Maret 2026 dan jatuh tempo pada
        31 Maret 2027.

        Pada tanggal 31 Maret 2026 dan 2025, nilai                     As of March 31, 2026 and 2025, fair value for
        wajar dari instrumen ini masing-masing                         this instrument amounted to US$116,277 and
        sebesar $AS116.277 dan $AS56.134.                              US$56,134, respectively.

   g.   Kontrak Range Forward Option                              g.   Range Forward Option Contract

        Pada tanggal 3 Agustus 2006, Perusahaan dan                    On August 3, 2006, the Company and MUFG
        MUFG Jakarta mengadakan perjanjian kontrak                     Jakarta entered into a Range Forward Option
        Range Forward Option untuk keperluan lindung                   contract for hedging purposes total amount of
        nilai sebesar $AS21.200.000. Perjanjian ini                    US$21,200,000. This agreement has been
        telah dilakukan beberapa kali perpanjangan,                    extended several times, with availability period
        dengan jangka waktu ketersediaan hingga                        until March 31, 2026 and maturity until May 14
        31 Maret 2026 dan jatuh tempo pada tanggal                     and May 20, 2025. As of March 31, 2026, this
        14 Mei dan 20 Mei 2025. Pada tanggal                           facility has been terminated.
        31 Maret 2026, fasilitas ini telah dihentikan.

        Pada tanggal 31 Maret 2026 dan 2025, nilai                     As of March 31, 2026 and 2025, fair value for
        wajar dari instrumen ini masing-masing                         this instrument amounted to nil and
        sebesar nihil dan $AS55.038.                                   US$55,038, respectively.




                                                          94

Page 479
                                                                                                            The original financial statements included herein
                                                                                                                             are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                                                 PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                                             As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                                            the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                                                     (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                                                 Unless Otherwise Stated)


34. INFORMASI SEGMEN                                                                     34. SEGMENT INFORMATION

   Informasi yang menyangkut segmen                                    usaha                 Information concerning the Company’s business
   Perusahaan adalah sebagai berikut:                                                        segment are as follows:
                                                                            Jasa            Jasa
                                    Penjualan                          Pemeliharaan      Penyewaan
                                    Alat Berat/         Penjualan      dan Perbaikan/    Alat Berat/
   Tahun yang berakhir               Sales of         Suku Cadang/       Repair and       Rental of         Tidak Dapat
   pada tanggal                       Heavy              Sales of       Maintenance        Heavy           Dialokasikan/                                       Year ended
   31 Maret 2026                    Equipment          Spare Parts        Services       Equipment          Unallocated     Total/Total                     March 31, 2026

   Informasi Segmen                                                                                                                                    Business Segment
        Usaha                                                                                                                                             Information
   Penghasilan segmen               339.218.927         83.507.421        83.000.454        9.696.415                  -    515.423.217                 Segment revenues
   Laba bruto segmen                 26.203.730         27.525.829        31.835.627        4.618.068                  -     90.183.254                Segment gross profit

   Beban penjualan, umum                                                                                                                               Selling, general and
       dan administrasi             (11.048.687)         (4.940.982)       (9.573.835)       (180.201)       (37.726.351)   (63.470.056)       administrative expenses

   Pendapatan lainnya yang                                                                                                                                Unallocated other
       tidak dapat dialokasikan                   -               -                 -                  -       2.538.161      2.538.161                         income
   Beban lainnya yang tidak                                                                                                                               Unallocated other
       dapat dialokasikan                         -               -                 -                  -      (1.602.367)    (1.602.367)                     expenses

   Laba usaha segmen                 15.155.043         22.584.847        22.261.792        4.437.867        (36.790.557)    27.648.992            Segment operating profit

   Penghasilan bunga yang                                                                                                                                        Unallocated
       tidak dapat dialokasikan                   -               -                 -                  -         242.661        242.661                  interest income
   Beban bunga yang tidak                                                                                                                                        Unallocated
       dapat dialokasikan                         -               -                 -                  -      (7.339.547)    (7.339.547)              interest expenses

   Laba sebelum pajak                                                                                                                                           Profit before
       penghasilan                   15.155.043         22.584.847        22.261.792        4.437.867        (43.887.443)    20.552.106                      income tax

   Beban pajak                                                                                                                                                  Income tax
       penghasilan - neto                                                                                     (4.568.987)    (4.568.987)                  expense - net

   Laba tahun berjalan                                                                                                       15.983.119                  Profit for the year

   Aset segmen                      165.252.407        153.020.554        25.456.228       27.864.842         35.438.454    407.032.485                     Segment assets

   Liabilitas segmen                 38.196.572         16.465.231        14.366.063       10.976.734        162.027.765    242.032.365                   Segment liabilities

   Pengeluaran barang modal                                                                                                   2.966.988                Capital expenditures

   Penyusutan aset tetap                                                                                                      6.977.246         Depreciation of fixed assets

                                                                                                                                                Depreciation of right-of-use
   Penyusutan aset hak-guna                                                                                                   2.661.984                          assets

                                                                                                                                                  Amortization of intangible
   Amortisasi aset takberwujud                                                                                                  435.498                         assets

   Beban non-kas selain                                                                                                                  Non-cash expenses other than
       penyusutan dan amortisasi:                                                                                                     depreciation and amortization:
       Penyisihan kerugian                                                                                                                   Provision for expected
          kredit ekspektasian                                                                                                                       credit loss on
          piutang usaha                (480.894)          (111.504)          (88.142)         (18.625)                 -       (699.165)        trade receivables

       Pemulihan kerugian                                                                                                                                  Recovery of
         penurunan nilai                                                                                                                       impairment losses on
         piutang non-usaha                                                                                                                -    non-trade receivables

       Penyisihan                                                                                                                                           Provision for
         penurunan nilai                                                                                                                      decline in market value
          pasar persediaan             (147.730)         (1.508.126)                -                  -               -     (1.655.856)                of inventories




                                                                                  95

Page 480
                                                                                                         The original financial statements included herein
                                                                                                                          are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                                              PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                                          As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                                         the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                                                  (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                                              Unless Otherwise Stated)


34. INFORMASI SEGMEN (lanjutan)                                                       34. SEGMENT INFORMATION (continued)

   Informasi yang menyangkut segmen geografis                                             Information concerning the Company’s geographical
   Perusahaan adalah sebagai berikut:                                                     segment are as follows:
                                                                          Jasa           Jasa
                                  Penjualan                          Pemeliharaan     Penyewaan
                                  Alat Berat/         Penjualan      dan Perbaikan    Alat Berat/
   Tahun yang berakhir             Sales of         Suku Cadang/       Repair and      Rental of         Tidak Dapat
   pada tanggal                     Heavy              Sales of       Maintenance       Heavy           Dialokasikan/                                  Year ended
   31 Maret 2026                  Equipment          Spare Parts        Services      Equipment          Unallocated     Total/Total                March 31, 2026

   Informasi Segmen                                                                                                                        Geographical Segment
        Geografis                                                                                                                                 Information
   Penghasilan Segmen                                                                                                                         Segment Revenues
        Pulau Jawa                 84.211.713          1.495.017         1.311.914       1.549.003                  -     88.567.647               Java island
        Luar pulau Jawa           255.007.214         82.012.404        81.688.540       8.147.412                  -    426.855.570       Outside Java island

   Total Penghasilan                                                                                                                                Total Segment
       Segmen                     339.218.927         83.507.421        83.000.454       9.696.415                  -    515.423.217                Revenues

   Laba Bruto Segmen                                                                                                                          Segment Gross Profit
       Pulau Jawa                    (473.181)        (8.893.643)        1.302.528       1.101.992                  -     (6.962.304)               Java island
       Luar pulau Jawa             26.676.911         36.419.472        30.533.099       3.516.076                  -     97.145.558        Outside Java island

   Laba Bruto Segmen               26.203.730         27.525.829        31.835.627       4.618.068                  -     90.183.254         Segment Gross Profit

   Laba Usaha                                                                                                                                       Operating profit
       Pulau Jawa                   1.238.280          2.116.367            86.566       1.077.422        (18.361.303)   (13.842.668)               Java island
       Luar pulau Jawa             13.916.763         20.468.480        22.175.226       3.360.445        (18.429.254)    41.491.660        Outside Java island

   Laba Usaha Segmen               15.155.043         22.584.847        22.261.792       4.437.867        (36.790.557)    27.648.992     Segment Operating Profit



   Informasi yang menyangkut segmen                                  usaha                Information concerning the Company’s business
   Perusahaan adalah sebagai berikut:                                                     segment is as follows:
                                                                          Jasa           Jasa
                                  Penjualan                          Pemeliharaan     Penyewaan
                                  Alat Berat/         Penjualan      dan Perbaikan    Alat Berat/
   Tahun yang berakhir             Sales of         Suku Cadang/       Repair and      Rental of         Tidak Dapat
   pada tanggal                     Heavy              Sales of       Maintenance       Heavy           Dialokasikan/                                  Year ended
   31 Maret 2025                  Equipment          Spare Parts        Services      Equipment          Unallocated     Total/Total                March 31, 2025

   Informasi Segmen                                                                                                                            Business Segment
        Usaha                                                                                                                                     Information
   Penghasilan segmen             317.693.512        107.930.829        82.417.500      14.672.997                  -    522.714.838            Segment revenues
   Laba bruto segmen               26.940.079         39.385.336        37.026.199       6.949.021                  -    110.300.635           Segment gross profit

   Beban penjualan, umum                                                                                                                        Selling, general and
       dan administrasi           (21.474.980)        (10.196.774)     (14.146.353)     (3.624.119)       (13.118.152)   (62.560.378)   administrative expenses

   Pendapatan lainnya yang                                                                                                                        Unallocated other
       tidak dapat dialokasikan                 -               -                -                  -       2.274.441      2.274.441                    income
   Beban lainnya yang tidak                                                                                                                       Unallocated other
       dapat dialokasikan                       -               -                -                  -      (2.876.555)    (2.876.555)                expenses

   Laba usaha segmen                5.465.099         29.188.562        22.879.846       3.324.902        (13.720.266)    47.138.143       Segment operating profit

   Penghasilan bunga yang                                                                                                                                Unallocated
       tidak dapat dialokasikan                 -               -                -                  -         200.956        200.956             interest income
   Beban bunga yang tidak                                                                                                                                Unallocated
       dapat dialokasikan                       -               -                -                  -      (7.313.163)    (7.313.163)         interest expenses

   Laba sebelum pajak                                                                                                                                   Profit before
       penghasilan                  5.465.099         29.188.562        22.879.846       3.324.902        (20.832.473)    40.025.936                 income tax

   Beban pajak                                                                                                                                          Income tax
       penghasilan - neto                                                                                                 (8.964.201)             expense - net

   Laba tahun berjalan                                                                                                    31.061.735             Profit for the year




                                                                               96

Page 481
                                                                                                     The original financial statements included herein
                                                                                                                      are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                                            PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                                        As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                                       the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                                                (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                                            Unless Otherwise Stated)


34. INFORMASI SEGMEN (lanjutan)                                                     34. SEGMENT INFORMATION (continued)

   Informasi yang menyangkut segmen usaha                                               Information concerning the Company’s business
   Perusahaan adalah sebagai berikut: (lanjutan)                                        segment is as follows: (continued)
                                                                        Jasa           Jasa
                                    Penjualan                      Pemeliharaan     Penyewaan
                                    Alat Berat/      Penjualan     dan Perbaikan/   Alat Berat/
   Tahun yang berakhir               Sales of      Suku Cadang/      Repair and      Rental of       Tidak Dapat
   pada tanggal                       Heavy           Sales of      Maintenance       Heavy         Dialokasikan/                                    Year ended
   31 Maret 2025                    Equipment       Spare Parts       Services      Equipment        Unallocated     Total/Total                  March 31, 2025

   Aset segmen                      185.484.492     171.755.076       28.572.870      31.276.374       39.871.298    456.960.110                  Segment assets

   Liabilitas segmen                 45.115.382      19.447.693       16.968.288      12.965.026      191.402.715    285.899.104                Segment liabilities

   Pengeluaran barang modal                                                                                            6.617.573             Capital expenditures

   Penyusutan aset tetap                                                                                               8.763.631      Depreciation of fixed assets

                                                                                                                                      Depreciation of right-of-use
   Penyusutan aset hak-guna                                                                                            2.882.277                       assets

                                                                                                                                        Amortization of intangible
   Amortisasi aset takberwujud                                                                                           232.721                      assets

   Beban non-kas selain                                                                                                           Non-cash expenses other than
       penyusutan dan amortisasi:                                                                                              depreciation and amortization:
       Pemulihan (penyisihan)                                                                                                     Recovery of (provision for)
          kerugian                                                                                                                               expected
          kredit ekspektasian                                                                                                                credit loss on
          piutang usaha                (136.090)       (141.082)         183.831         (34.815)               -       (128.156)        trade receivables

       Penyisihan kerugian                                                                                                                       Provision for
         penurunan nilai                                                                                                             impairment losses on
         piutang non-usaha                                                                                                   121     non-trade receivables

       Penyisihan                                                                                                                                 Provision for
         penurunan nilai                                                                                                            decline in market value
         pasar persediaan                  (323)              -                -        (976.698)               -       (977.021)             of inventories



   Informasi yang menyangkut segmen geografis                                           Information concerning the Company’s geographical
   Perusahaan adalah sebagai berikut:                                                   segment is as follows:
                                                                        Jasa           Jasa
                                    Penjualan                      Pemeliharaan     Penyewaan
                                    Alat Berat/      Penjualan     dan Perbaikan/   Alat Berat/
   Tahun yang berakhir               Sales of      Suku Cadang/      Repair and      Rental of       Tidak Dapat
   pada tanggal                       Heavy           Sales of      Maintenance       Heavy         Dialokasikan/                                    Year ended
   31 Maret 2025                    Equipment       Spare Parts       Services      Equipment        Unallocated     Total/Total                  March 31, 2025

   Informasi Segmen                                                                                                                      Geographical Segment
        Geografis                                                                                                                               Information
   Penghasilan Segmen                                                                                                                       Segment Revenues
        Pulau Jawa                   51.572.616       1.157.137        1.231.547         659.982                -     54.621.282                 Java island
        Luar pulau Jawa             266.120.896     106.773.692       81.185.953      14.013.015                -    468.093.556         Outside Java island

   Total Penghasilan                                                                                                                               Total Segment
       Segmen                       317.693.512     107.930.829       82.417.500      14.672.997                -    522.714.838                   Revenues

   Laba Bruto Segmen                                                                                                                        Segment Gross Profit
       Pulau Jawa                     6.098.487         467.874          624.307         358.379                -      7.549.047                  Java island
       Luar pulau Jawa               20.841.592      38.917.462       36.401.892       6.590.642                -    102.751.588          Outside Java island

   Laba Bruto Segmen                 26.940.079      39.385.336       37.026.199       6.949.021                -    110.300.635           Segment Gross Profit

   Laba Usaha                                                                                                                                     Operating profit
       Pulau Jawa                       363.283          22.733         (201.947)         53.018                -        237.087                  Java island
       Luar pulau Jawa                5.101.816      29.165.829       23.081.793       3.271.884      (13.720.266)    46.901.056          Outside Java island

   Laba Usaha Segmen                  5.465.099      29.188.562       22.879.846       3.324.902      (13.720.266)    47.138.143      Segment Operating Profit




                                                                             97

Page 482
                                                                          The original financial statements included herein
                                                                                           are in the Indonesian language.

        PT HEXINDO ADIPERKASA Tbk                                     PT HEXINDO ADIPERKASA Tbk
    CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Maret 2026 dan untuk                                 As of March 31, 2026 and for
  Tahun yang Berakhir pada Tanggal Tersebut                                the Year then Ended
    (Disajikan dalam Dolar Amerika Serikat,                         (Expressed in United States Dollar,
            Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


35. INSTRUMEN KEUANGAN                                         35. FINANCIAL INSTRUMENTS

   Pada tanggal 31 Maret 2026 dan 2025, nilai tercatat           The following set out the carrying values and
   aset dan liabilitas keuangan mendekati nilai                  estimated fair values of the Company’s financial
   wajarnya sebagai berikut:                                     instruments as of March 31, 2026 and 2025:

      Kas dan bank, piutang usaha - neto dan piutang               Cash on hand and in banks, trade receivables -
       non-usaha - neto                                              net and non-trade receivables - net

       Seluruh aset keuangan di atas merupakan aset                  All of the above financial assets are due within
       keuangan jangka pendek yang akan jatuh                        12 months, thus the carrying values of the
       tempo dalam waktu 12 bulan, sehingga nilai                    financial assets approximate their fair values.
       tercatat aset keuangan tersebut kurang lebih
       telah mencerminkan nilai wajarnya.

      Utang bank jangka pendek, utang usaha, utang                 Short-term bank loans, trade payables, non-
       non-usaha, beban akrual dan liabilitas imbalan                trade payables, accrued expenses and short-
       kerja jangka pendek                                           term employee benefits liability

       Seluruh liabilitas keuangan di atas merupakan                 All of the above financial liabilities are due within
       liabilitas jangka pendek yang akan jatuh tempo                12 months, thus the carrying values of the
       dalam waktu 12 bulan sehingga nilai tercatat                  financial liabilities approximate their fair values.
       liabilitas keuangan tersebut kurang lebih telah
       mencerminkan nilai wajarnya.

      Liabilitas sewa                                              Lease liabilities

       Liabilitas keuangan di atas merupakan                         The above financial liabilities are liabilities with
       pinjaman yang memiliki suku bunga variabel                    fixed interest rates which are adjusted with the
       yang disesuaikan dengan pergerakan suku                       movements of market interest rates, thus the
       bunga pasar sehingga nilai tercatat liabilitas                carrying values of the financial liabilities
       keuangan tersebut telah mendekati nilai wajar.                approximate their fair values.

      Aset keuangan tidak lancar - Penyertaan                      Non-current financial assets - Investment in
       saham                                                         shares of stock

       Penyertaan saham biasa telah diukur dengan                    Investments in unquoted ordinary shares has
       nilai wajar tingkat 3.                                        been measured at fair value level 3.

      Uang jaminan                                                 Security deposits

       Aset jangka panjang yang tidak dikenakan                      Long-term assets which bear no interest are
       bunga disajikan pada nilai kini dari estimasi                 presented at the net present value of the
       penerimaan atau pembayaran kas di masa                        estimated future cash receipts or payments
       mendatang dengan menggunakan bunga                            using market interest rate available for debt with
       pasar yang tersedia untuk instrumen yang                      approximately similar characteristics.
       kurang lebih sejenis.

      Piutang derivatif                                            Derivative receivables

       Piutang derivatif diukur pada nilai wajar dengan              Derivative receivables are measured at fair value
       menggunakan teknik penilaian karena tidak                     by using valuation techniques because there are
       ada harga pasar yang dikutip untuk instrumen-                 no quoted market prices for those instruments.
       instrumen tersebut. Teknik utama yang                         The main technique used to assess these
       digunakan untuk menilai instrumen ini adalah                  instruments is the use of discounted cash flows.
       penggunaan arus kas yang didiskontokan.




                                                          98

Page 483
                                                                                  The original financial statements included herein
                                                                                                   are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                          PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                      As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                     the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                              (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


35. INSTRUMEN KEUANGAN (lanjutan)                                    35. FINANCIAL INSTRUMENTS (continued)

   Pada tanggal 31 Maret 2026 dan 2025, nilai tercatat                  The following set out the carrying values and
   aset dan liabilitas keuangan mendekati nilai                         estimated fair values of the Company’s financial
   wajarnya sebagai berikut: (lanjutan)                                 instruments as of March 31, 2026 and 2025:
                                                                        (continued)

   Hierarki Nilai Wajar                                                 Fair Value Hierarchy

   Aset dan liabilitas keuangan diklasifikasikan secara                 Financial assets and liabilities are classified in their
   keseluruhan berdasarkan tingkat terendah dari                        entirety based on the lowest level of input that is
   masukan (input) yang signifikan terhadap                             significant to the fair value measurements.
   pengukuran nilai wajar. Penilaian dampak signifikan                  The assessment of the significance of a particular
   dari suatu input tertentu terhadap pengukuran nilai                  input to the fair value measurements requires
   wajar membutuhkan pertimbangan dan dapat                             judgement, and may affect the valuation of the
   memengaruhi penilaian dari aset dan liabilitas yang                  assets and liabilities being measured and their
   diukur dan penempatannya dalam hierarki nilai                        placement within the fair value hierarchy.
   wajar.

   Bukti terbaik dari nilai wajar adalah harga yang                     The best evidence of fair value is quoted prices in an
   dikuotasikan (quoted prices) dalam sebuah pasar                      active market. If the market for a financial instrument
   yang aktif. Jika pasar untuk sebuah instrumen                        is not active, an entity establishes fair value by using
   keuangan tidak aktif, entitas menetapkan nilai wajar                 a valuation technique. The objective of using a
   dengan menggunakan metode penilaian. Tujuan                          valuation technique is to establish what the
   dari penggunaan metode penilaian adalah untuk                        transaction price would have been on the
   menetapkan harga transaksi yang terbentuk pada                       measurement date in an arms’ length exchange
   tanggal pengukuran dalam sebuah transaksi                            motivated by normal business considerations.
   pertukaran yang wajar dengan pertimbangan bisnis
   normal.

   Metode penilaian termasuk penggunaan harga                           Valuation techniques include using recent arms’
   dalam transaksi pasar yang wajar (arms’ length)                      length market transactions between knowledgeable,
   terakhir antara pihak-pihak yang memahami dan                        willing parties, if available, reference to the current
   berkeinginan, jika tersedia, referensi kepada nilai                  fair value of another instrument that is substantially
   wajar terkini dari instrumen lain yang secara                        the same, discounted cash flow analysis.
   substansial sama, analisa arus kas yang
   didiskontokan.

   Hierarki nilai wajar Perusahaan pada tanggal                         The Company’s fair value hierarchy                  as   of
   31 Maret 2026 dan 2025 adalah sebagai berikut:                       March 31, 2026 and 2025 is as follows:

                                                   31 Maret 2026/March 31, 2026

                                  Total/Total    Tingkat 1/Level 1    Tingkat 2/Level 2       Tingkat 3/Level 3

    Aset keuangan                                                                                                  Financial assets
      NWPKL                                                                                                           at FVTOCI
    Penyertaan                                                                                                         Investment in
      saham                          4.756.610                   -                        -          4.756.610     shares of stock



                                                   31 Maret 2025/March 31, 2025

                                  Total/Total    Tingkat 1/Level 1    Tingkat 2/Level 2       Tingkat 3/Level 3

    Aset keuangan                                                                                                  Financial assets
      NWPKL                                                                                                           at FVTOCI
    Penyertaan                                                                                                         Investment in
      saham                          4.823.537                   -                        -          4.823.537     shares of stock



   Untuk tahun yang berakhir pada tanggal-tanggal                       For the years ended March 31, 2026 and 2025,
   31 Maret 2026 dan 2025, tidak terdapat pengalihan                    there were no transfers between the level fair value
   antar level atas pengukuran nilai wajar.                             measurements.


                                                           99

Page 484
                                                                            The original financial statements included herein
                                                                                             are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                      PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                  As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                 the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                          (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


36. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                        36. FINANCIAL RISK MANAGEMENT OBJECTIVES
    KEUANGAN                                                         AND POLICIES

   a.   Manajemen Risiko                                           a. Risk Management

        Risiko utama dari instrumen keuangan                          The main risks from the financial instruments of
        Perusahaan adalah risiko tingkat suku bunga,                  the Company are interest rate risk, foreign
        risiko mata uang asing, risiko kredit dan risiko              exchange rate risk, credit risk and liquidity risk.
        likuiditas. Penelaahan Direksi dan kebijakan                  Review of Directors and the approved policies to
        yang disetujui untuk mengelola risiko-risiko                  manage these risks are summarized as follows:
        tersebut dirangkum sebagai berikut:

        Risiko Tingkat Suku Bunga                                     Interest Rate Risk

        Risiko tingkat suku bunga adalah risiko dimana                Interest rate risk is the risk that the fair value of
        nilai wajar arus kas di masa depan akan                       future cash flows of a financial instrument will
        berfluktuasi karena perubahan tingkat suku                    fluctuate because of changes in market interest
        bunga pasar. Perusahaan terpengaruh risiko                    rates. The Company’s exposure to the risk of
        perubahan suku bunga pasar terkait dengan                     changes in market interest rates is related to
        utang bank jangka pendek. Perusahaan                          short-term bank loans. The Company manages
        mengelola risiko ini dengan memilih bank yang                 this risk by selecting the bank that can give the
        dapat memberikan tingkat suku bunga pinjaman                  lowest loan interest rate.
        yang terendah.

        Risiko Kredit                                                 Credit Risk

        Risiko kredit adalah risiko jika pihak pelanggan              Credit risk is the risk that a customer will not
        tidak    memenuhi         kewajibannya      yang              meet its obligations, leading to a financial loss.
        menyebabkan kerugian keuangan.

        Perusahaan mengelola dan mengendalikan                        The Company manages and controls this risk by
        risiko ini dengan menetapkan batasan risiko                   setting acceptable risk limit and monitoring the
        yang dapat diterima dan memantau eksposur                     exposure related to such limits.
        terkait dengan batasan-batasan tersebut.

        Perusahaan menetapkan sejumlah kebijakan                      The Company has adopted a number of policies
        sebelum memberikan kredit kepada pelanggan                    prior to providing credit to new customers, such
        baru, antara lain dengan melakukan survei atas                as customer surveys, checking of documentation
        pelanggan tersebut, melakukan pemeriksaan                     including customer contract with other parties and
        terhadap dokumentasi termasuk kontrak kerja                   setting of strict credit limits. The Company also
        pelanggan dengan pihak lain dan memberikan                    sets a credit period that is up to 18 months for
        kredit limit yang terbatas. Perusahaan juga                   sales of heavy equipment and 90 days for sales
        menetapkan kebijakan jangka waktu kredit                      of spare parts. The receivables arising from sales
        sampai dengan 18 bulan untuk penjualan alat                   of heavy equipment are secured by fiduciary
        berat dan 90 hari untuk penjualan suku cadang.                security of the heavy equipment sold.
        Piutang atas penjualan alat berat dijamin
        dengan jaminan secara fidusia atas alat berat
        yang dijual tersebut.

        Peningkatan kredit limit dan perpanjangan                     Raising of the credit limit and extension of the
        jangka waktu kredit akan diberikan setelah                    credit term are only provided after a process of
        melalui proses verifikasi. Piutang yang telah                 verification. Overdue receivables are monitored
        jatuh tempo akan dipantau secara terus                        continuously and the customer credit are
        menerus dan menghentikan penyaluran kredit                    terminated in case of delay in payment and
        kepada pelanggan tersebut bila terjadi                        restriction to cash basis transactions being other
        tunggakan pembayaran dan hanya melakukan                      possible measures. There is no concentration of
        transaksi penjualan secara kas. Tidak ada                     credit risk.
        risiko kredit yang terpusat.




                                                           100

Page 485
                                                                             The original financial statements included herein
                                                                                              are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                       PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                   As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                  the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                           (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


36. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                         36. FINANCIAL RISK MANAGEMENT OBJECTIVES
    KEUANGAN (lanjutan)                                               AND POLICIES (continued)

   a.   Manajemen Risiko (lanjutan)                                 a. Risk Management (continued)

        Risiko Kredit (lanjutan)                                       Credit Risk (continued)

        Sehubungan dengan risiko kredit yang timbul                    With respect to credit risk arising from other
        dari aset keuangan lainnya, yang terdiri dari                  financial assets, which comprise cash in banks,
        kas di bank, dari pihak lawan, Perusahaan                      from default of the counterparty, the Company
        memiliki kebijakan untuk tidak menempatkan                     has a policy not to place investments in
        investasi pada instrumen yang memiliki risiko                  instruments that have a high credit risk and to put
        kredit yang tinggi dan untuk menempatkan                       the investments only in banks with high credit
        investasi hanya pada bank dengan rating kredit                 ratings.
        yang tinggi.

        Pada tanggal 31 Maret 2026 dan 2025, nilai                     As of March 31, 2026 and 2025, the Company’s
        maksimum exposure Perusahaan untuk risiko                      maximum exposure to credit risk is the carrying
        kredit adalah nilai tercatat bank, piutang usaha               amounts of cash in banks, trade receivables and
        dan piutang non-usaha yang disajikan dalam                     non-trade receivables presented in the
        laporan posisi keuangan.                                       statement of financial position.

        Tidak ada agunan yang ditahan atau                             There are no collaterals held or other credit
        peningkatan kredit lain atau mengimbangi                       enhancement or offsetting arrangements that
        pengaturan saling hapus yang memengaruhi                       affect this maximum exposure. There is no
        exposure maksimum. Tidak ada risiko kredit                     concentration of credit risk.
        yang terpusat.

        Risiko Likuiditas                                              Liquidity Risk

        Risiko likuiditas adalah risiko yang terjadi jika              Liquidity risk is the risk that occurs when the cash
        posisi arus kas menunjukkan pendapatan                         flow position indicates that short-term revenue is
        jangka pendek tidak cukup menutupi                             insufficient to cover short-term expenditure.
        pengeluaran jangka pendek.

        Kebutuhan likuiditas Perusahaan secara                         The liquidity requirements of the Company has
        historis timbul akibat kebutuhan untuk                         historically arisen from the need for investment
        membiayai investasi dan keperluan modal                        funding and working capital, while operational
        kerja, sedangkan untuk biaya operasional                       expenses can be met from the Company’s cash
        dapat dipenuhi dari arus kas Perusahaan.                       flows. In handling the liquidity risk, management
        Dalam mengelola risiko likuiditas, manajemen                   always maintains cash on hand and in banks
        selalu menjaga saldo kas dan bank yang                         balance at levels adequate to finance the
        dianggap    memadai      untuk     membiayai                   operations of the Company, while the effects of
        operasional Perusahaan, sedangkan untuk                        cash flow fluctuation can be overcome by the
        mengatasi dampak dari fluktuasi arus kas,                      availability of bank loan facilities.
        diatasi dengan ketersediaan fasilitas utang
        bank.




                                                            101

Page 486
                                                                                                   The original financial statements included herein
                                                                                                                    are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                                            PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                                        As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                                       the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                                                (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                                            Unless Otherwise Stated)


36. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                                  36. FINANCIAL RISK MANAGEMENT OBJECTIVES
    KEUANGAN (lanjutan)                                                        AND POLICIES (continued)

   a.   Manajemen Risiko (lanjutan)                                                  a.     Risk Management (continued)

        Risiko Likuiditas (lanjutan)                                                        Liquidity Risk (continued)

        Tabel di bawah ini merupakan jadwal jatuh                                           The table below summarizes the maturity profile
        tempo liabilitas keuangan Perusahaan pada                                           of the Company’s financial liabilities as of
        tanggal 31 Maret 2026 dan 2025 berdasarkan                                          March 31, 2026 and 2025 based on contractual
        pembayaran       kontraktual   yang    tidak                                        undiscounted payments to be made (including
        didiskontokan (termasuk estimasi pembayaran                                         estimated interest payments):
        bunga):

                                                     31 Maret 2026/March 31, 2026

                               Kurang dari                                                 Lebih dari
                                 1 tahun/      1 - 2 tahun/       2 - 3 tahun/              3 tahun/
                               Below 1 year    1 - 2 years        2 - 3 years             Over 3 years       Total/Total

        Liabilitas                                                                                                                         Liabilities
        Utang bank jangka pendek 93.308.350                                                                    93.308.350       Short-term bank loans
        Utang usaha              104.326.097                  -                  -                       -    104.326.097              Trade payables
        Utang non-usaha            2.625.113                  -                  -                       -      2.625.113         Non-trade payables
        Beban akrual               9.723.675                  -                  -                       -      9.723.675          Accrued expenses
        Liabilitas imbalan kerja                                                                                                 Short-term employee
           jangka pendek           2.666.317              -                      -                       -      2.666.317           benefits liability
        Liabilitas sewa              381.888          6.229                      -                       -        388.117              Lease liabilities

        Total                   213.031.440           6.229                      -                       -    213.037.669                         Total



                                                     31 Maret 2025/March 31, 2025

                               Kurang dari                                                 Lebih dari
                                 1 tahun/      1 - 2 tahun/       2 - 3 tahun/              3 tahun/
                               Below 1 year    1 - 2 years        2 - 3 years             Over 3 years       Total/Total

        Liabilitas                                                                                                                         Liabilities
        Utang bank jangka pendek 165.242.897                  -                  -                       -    165.242.897       Short-term bank loans
        Utang usaha               74.485.853                  -                  -                       -     74.485.853              Trade payables
        Utang non-usaha            2.577.103                  -                  -                       -      2.577.103         Non-trade payables
        Beban akrual              11.392.652                  -                  -                       -     11.392.652          Accrued expenses
        Liabilitas imbalan kerja                                                                                                 Short-term employee
           jangka pendek           4.369.458              -                   -                          -      4.369.458           benefits liability
        Liabilitas sewa            1.134.953        320.948               6.381                          -      1.462.282              Lease liabilities

        Total                   259.202.916         320.948               6.381                          -    259.530.245                         Total



        Perusahaan secara rutin mengevaluasi                                               The Company evaluates its cash flow projections
        proyeksi arus kas dan terus menelaah kondisi                                       regularly and continously assesses the condition
        pasar keuangan untuk menggalang dana baik                                          of financial markets for opportunities to pursue
        melalui pinjaman bank maupun pasar modal.                                          fund raising initiatives either through bank loan or
                                                                                           the capital market.




                                                                    102

Page 487
                                                                               The original financial statements included herein
                                                                                                are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                          PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                      As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                     the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                              (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


36. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                        36. FINANCIAL RISK MANAGEMENT OBJECTIVES
    KEUANGAN (lanjutan)                                              AND POLICIES (continued)

   a.   Manajemen Risiko (lanjutan)                                a.     Risk Management (continued)

        Risiko Nilai Tukar Mata Uang Asing                                Foreign Exchange Rate Risk

        Risiko nilai tukar mata uang asing adalah risiko                  Foreign exchange rate risk is the risk that the fair
        dimana nilai wajar atau arus kas masa datang                      value or future cash flows of a financial
        dari suatu instrumen keuangan akan                                instrument will fluctuate because of changes in
        berfluktuasi akibat perubahan nilai tukar mata                    foreign exchange rates. The Company’s
        uang asing. Exposure Perusahaan terhadap                          exposure to exchange rate fluctuations results
        fluktuasi nilai tukar terutama berasal dari kas                   primarily from Rupiah-denominated cash on
        dan bank, piutang usaha, piutang non-usaha,                       hand and in banks, trade receivables, non-trade
        utang usaha, utang non-usaha, liabilitas                          receivables, trade payables, non-trade payables,
        imbalan kerja jangka pendek, utang pajak dan                      short-term employee benefits liability, taxes
        liabilitas sewa dalam mata uang Rupiah.                           payable and lease liabilities.

        Aset dan liabilitas moneter Perusahaan dalam                      Monetary assets and liabilities of the Company
        mata uang asing pada tanggal 31 Maret 2026                        which are denominated in foreign currencies as
        dan 2025 disajikan dalam Catatan 32.                              of March 31, 2026 and 2025 are presented in
                                                                          Note 32.

        Perusahaan tidak mempunyai kebijakan                              The Company does not have any formal hedging
        lindung nilai yang formal untuk laju pertukaran                   policy for foreign exchange exposure. The
        mata uang asing. Fluktuasi dalam nilai tukar                      fluctuations in the exchange rate between
        Rupiah dan Dolar AS menghasilkan lindung                          Rupiah and US Dollar provide some degree of
        nilai natural untuk laju nilai tukar Perusahaan.                  natural hedge for the Company’s foreign
                                                                          exchange exposure.

        Tabel berikut ini menunjukkan sensitivitas                       The following table describes the sensitivity to a
        kemungkinan perubahan tingkat pertukaran                         reasonably possible change in the US Dollar
        Dolar AS terhadap Rupiah, dengan asumsi                          exchange rate againts Rupiah, with all other
        variabel lain konstan, dampak terhadap laba                      variables held constant, the effect to profit before
        sebelum pajak penghasilan adalah sebagai                         income tax is as follows:
        berikut:

                                                                       Dampak
                                                                       Terhadap
                                            Perubahan               Laba Sebelum
                                            Tingkat Rp/           Pajak Penghasilan/
                                            Change in              Effect on Income
                                              Rp rate             Before Income Tax
        31 Maret 2026                                                                                           March 31, 2026
        Rupiah                                        +1%                       (272.129)                              Rupiah
        Rupiah                                        -1%                        272.129                               Rupiah

        31 Maret 2025                                                                                           March 31, 2025
        Rupiah                                        +1%                        (96.957)                              Rupiah
        Rupiah                                        -1%                         96.957                               Rupiah

   b.   Pengelolaan Modal                                           b. Capital Management

        Tujuan utama pengelolaan modal Perusahaan                        The primary objective of the Company’s capital
        adalah untuk memastikan pemeliharaan rasio                       management is to ensure that it maintains
        modal yang sehat untuk mendukung usaha dan                       healthy capital ratios in order to support its
        memaksimalkan imbalan bagi pemegang                              business and maximize shareholders’ value.
        saham. Modal meliputi modal saham,                               Capital includes share capital, additional paid-in
        tambahan modal disetor - neto dan saldo laba.                    capital - net and retained earnings.




                                                           103

Page 488
                                                                                                   The original financial statements included herein
                                                                                                                    are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                                            PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                                                        As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                                                       the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                                                (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                                            Unless Otherwise Stated)


36. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                                      36. FINANCIAL RISK MANAGEMENT OBJECTIVES
    KEUANGAN (lanjutan)                                                            AND POLICIES (continued)

   b.    Pengelolaan Modal (lanjutan)                                                b. Capital Management (continued)

         Selain itu, Perusahaan dipersyaratkan oleh                                        In addition, the Company is also required by
         Undang-undang Perseroan Terbatas No. 40                                           Corporate Law No. 40 effective August 16, 2007
         efektif tanggal 16 Agustus 2007 untuk                                             to contribute and maintain a non-distributable
         mengkontribusikan    dan    mempertahankan                                        reserve fund until the said reserve reaches 20%
         sampai dengan 20% dari modal saham                                                of the issued and fully paid share capital. This
         ditempatkan dan disetor penuh ke dalam dana                                       externally imposed capital requirement is
         cadangan yang tidak boleh didistribusikan.                                        considered by the Company at the Annual
         Persyaratan permodalan eksternal tersebut                                         General Shareholders’ Meeting.
         dipertimbangkan oleh Perusahaan pada Rapat
         Umum Pemegang Saham Tahunan.

         Perusahaan mengelola struktur permodalan                                          The Company manages its capital structure and
         dan    melakukan    penyesuaian    terhadap                                       makes adjustments to it, in light of changes in
         perubahan kondisi ekonomi. Tidak ada                                              economic conditions. No changes were made in
         perubahan atas tujuan, kebijakan maupun                                           the objectives, policies or processes for
         proses pengelolaan modal untuk tahun yang                                         managing capital for the years ended March 31,
         berakhir pada tanggal-tanggal 31 Maret 2026                                       2026 and 2025.
         dan 2025.

         Kebijakan       Perusahaan        adalah                                          The Company’s policy is to maintain a healthy
         mempertahankan struktur permodalan yang                                           capital structure in order to secure access to
         sehat untuk mengamankan akses terhadap                                            finance at a reasonable cost.
         pendanaan pada biaya yang wajar.

   c.     Perubahan Pada Liabilitas yang Timbul Dari                                 c.    Changes in Liabilities Arising from Financing
          Aktivitas Pendanaan                                                              Activities
                                                                Arus Kas/Cash Flow
                                                                                                  Perubahan
                          31 Maret 2025/   Penambahan/     Penerimaan/     Pembayaran/             Non-kas/        31 Maret 2026/
                          March 31, 2025     Addition       Proceeds         Payment           Non-cash changes    March 31, 2026

        Liabilitas                                                                                                                             Current
        Utang bank                                                                                                                           Short-term
          jangka pendek     165.242.897        3.271.276     144.824.732       (217.588.310)         (2.442.245)        93.308.350         bank loans
        Liabilitas sewa       1.360.727        1.216.585               -         (2.181.581)            (18.422)           377.309      Lease liabilities

        Total               166.603.624        4.487.861     144.824.732       (219.769.891)         (2.460.667)        93.685.659                 Total



                                                                Arus Kas/Cash Flow

                          31 Maret 2024/   Penambahan/     Penerimaan/     Pembayaran/           Selisih Kurs/     31 Maret 2025/
                          March 31, 2024     Addition       Proceeds         Payment           Foreign Exchange    March 31, 2025

        Liabilitas                                                                                                                             Current
        Utang bank                                                                                                                           Short-term
          jangka pendek     102.537.500       33.778.318     344.009.887       (312.021.015)         (3.061.793)       165.242.897         bank loans
        Liabilitas sewa       2.610.935        1.512.617               -         (2.688.087)            (74.738)         1.360.727      Lease liabilities

        Total               105.148.435       35.290.935     344.009.887       (314.709.102)         (3.136.531)       166.603.624                 Total




                                                                         104

Page 489
                                                                       The original financial statements included herein
                                                                                        are in the Indonesian language.

         PT HEXINDO ADIPERKASA Tbk                                 PT HEXINDO ADIPERKASA Tbk
     CATATAN ATAS LAPORAN KEUANGAN                             NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Maret 2026 dan untuk                             As of March 31, 2026 and for
   Tahun yang Berakhir pada Tanggal Tersebut                            the Year then Ended
     (Disajikan dalam Dolar Amerika Serikat,                     (Expressed in United States Dollar,
             Kecuali Dinyatakan Lain)                                 Unless Otherwise Stated)


37. TAMBAHAN INFORMASI ARUS KAS                            37. SUPPLEMENTARY CASH FLOWS INFORMATION
   Transaksi non-kas:                                        Non-cash transactions:

                                             Tahun yang berakhir
                                            pada tanggal 31 Maret/
                                            Year ended March 31,

                                          2026                2025

   Pembelian persediaan alat berat                                            Purchase of heavy equipment inventories
     melalui utang bank jangka pendek       3.271.276          33.778.318            through short-term bank loans

   Reklasifikasi dari aset tetap - neto                                             Reclassification of fixed assets - net
     ke persediaan                          7.432.083           3.537.162                                 to inventories

   Reklasifikasi dari persediaan                                                          Reclassification of inventories
     ke aset tetap                          2.661.633           2.233.672                              to fixed assets

   Perolehan aset hak-guna                                                             Acquisition of right-of-use assets
     melalui liabilitas sewa                1.216.585           1.512.617                     through lease liabilities

   Reklasifikasi aset tetap ke                                                           Reclassification of fixed assets
     aset takberwujud                            2.258           511.917                   through intangible assets



38. LABA PER SAHAM DASAR                                   38. BASIC EARNINGS PER SHARE

   Laba per saham dasar dihitung dengan membagi              Basic earnings per share is computed by dividing the
   laba tahun berjalan dengan jumlah rata-rata               profit for the year by the weighted-average number
   tertimbang saham yang beredar selama tahun yang           of shares outstanding during the year.
   bersangkutan.

                                             Tahun yang berakhir
                                            pada tanggal 31 Maret/
                                            Year ended March 31,

                                          2026                2025

   Laba tahun berjalan                     15.983.119          31.061.735                              Profit for the year
   Total rata-rata tertimbang                                                              Weighted-average number of
     saham yang beredar                   840.000.000         840.000.000                         outstanding shares
   Laba per saham (angka penuh)                  0,019               0,037           Earnings per share (full amount)



39. PERISTIWA SETELAH PERIODE PELAPORAN                    39. EVENTS AFTER THE REPORTING PERIOD

  Dividen Kas dari Hexa                                      Cash Dividends from Hexa

   Berdasarkan Keputusan Sirkuler Pemegang Saham             Based on Circular Resolution of Shareholders in lieu
   sebagai Pengganti Rapat Umum Pemegang Saham               the Annual General Meeting of Shareholders dated
   tanggal 22 Juni 2026, para pemegang saham Hexa            June 22, 2026, Hexa’s shareholders declared cash
   menyatakan pembagian dividen kas dimana                   dividend for its shareholders in which the Company
   Perusahaan akan menerima dividen kas sebesar              will receive cash dividend amounting to
   Rp9.101.550.000. Pada tanggal 29 Juni 2026,               Rp9,101,550,000. On June 29, 2026, the Company
   Perusahaan telah menerima dividen kas dari Hexa           has received cash dividends from Hexa amounting to
   sebesar     Rp9.101.550.000    (setara  dengan            Rp9,101,550,000 (equivalent to US$509,687)
   $AS509.687)




                                                     105

Page 490
                                                                         The original financial statements included herein
                                                                                          are in the Indonesian language.

        PT HEXINDO ADIPERKASA Tbk                                    PT HEXINDO ADIPERKASA Tbk
    CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Maret 2026 dan untuk                                As of March 31, 2026 and for
  Tahun yang Berakhir pada Tanggal Tersebut                               the Year then Ended
    (Disajikan dalam Dolar Amerika Serikat,                        (Expressed in United States Dollar,
            Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)


39. PERISTIWA SETELAH PERIODE PELAPORAN                       39. EVENTS AFTER        THE     REPORTING         PERIOD
    (lanjutan)                                                    (continued)

  Perubahan Susunan Direksi Perusahaan                          Changes in the Composition of the Company’s
                                                                Director

   Berdasarkan pernyataan keputusan Rapat Umum                  In accordance with the resolutions of the
   Pemegang Saham Luar Biasa Perusahaan yang                    Extraordinary General Meeting of Shareholders of
   diadakan pada tanggal 19 Mei 2026, sebagaimana               the Company held on May 19, 2026, which were
   dinyatakan dalam Akta Notaris Gatot Widodo, S.E.,            notarized by Deed No. 6 of Gatot Widodo, S.E., S.H.,
   S.H., M.Kn. No. 6 pada tanggal yang sama, para               M.Kn. on the same date, the shareholders resolved
   pemegang saham menyetujui perubahan susunan                  to change the composition of the Company's
   Direksi   Perusahaan.    Perubahan    ini   telah            Directors. The changes were notified to the Ministry
   diberitahukan kepada Kementerian Hukum Republik              of Law of the Republic of Indonesia through Letter
   Indonesia dalam Surat No. AHU-AH.01.09-0313953               No. AHU-AH.01.09-0313953 dated June 8, 2026.
   tanggal 8 Juni 2026.

   Susunan    Direksi   Perusahaan   adalah   sebagai           The composition of the Directors of the Company are
   berikut:                                                     as follows:

   Direksi:                                                                                                  Directors:
   Direktur Utama                                Dwi Swasono                                         President Director
   Direktur                                        Koji Sato                                                   Director
   Direktur                                   Nobuyasu Hagiwara                                                Director
   Direktur                                     Teru Karahashi                                                 Director
   Direktur                                       Yoshendri                                                    Director
   Direktur                                      Hiroki Majima                                                 Director
   Direktur                                      Ryoji Tanaka                                                  Director
   Direktur                                     Junji Fukagawa                                                 Director




                                                        106

Page 491

Page 492
                    2025
  Laporan Tahunan dan Laporan Keberlanjutan
       Annual Report and Sustainability Report




    PT Hexindo Adiperkasa Tbk
        Kawasan Industri Pulo Gadung,
     Jl. Pulo Kambing II Kav. I - II No.33,
Jatinegara, Kec. Cakung, Kota Jakarta Timur,
                Jakarta 13930


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Names mentioned 160 people and organisations named in the text · linked when the evidence is strong

linked org HEXINDO ADIPERKASA TBK p.1 ×526
linked org Darma Henwa Tbk p.16 ×8
linked org Pemerintah Provinsi p.17
linked person Toto Wahyudiyanto p.29 ×6
linked person Dwi Swasono · Presiden Direktur p.37 ×9
linked person Yasumasa Zaizen p.38 ×5
linked person Nobuyasu Hagiwara p.38 ×8
linked person Teru Karahashi p.38 ×7
linked person Akihiro Yoshida p.38 ×5
linked person Hiroki Majima p.38 ×7
linked person Ryoji Tanaka p.38 ×6
linked org Hitachi Construction p.43 ×54
linked person Padang, Sumatera Barat p.53
linked org Sinar Mas p.53
linked person Harry Danui p.58 ×5
linked person Bambang Dewandaru p.59
linked person Junarto Tjahjadi p.59
linked person KOJI SATO p.61 ×3
linked org Itochu Corporation p.64 ×34
linked person JUNJI FUKAGAWA p.69 ×2
linked org PT Tira Austenite p.74 ×3
linked — Standard Chartered p.75 ×2
linked org Mahaka Media Tbk p.75 ×5
linked org Paramita Bangun Sarana Tbk p.75 ×5
linked org Jaya Trishindo Tbk p.75 ×5
linked person Menteng, Jakarta Pusat p.83
possible org Hexindo Adiperkasa Adiperkasa Tbk p.14 ×2
possible org Otoritas Jasa Keuangan p.28 ×3
possible org Bursa Efek Indonesia p.37 ×8
possible person Ir. Djonggi TP. Gultom's p.37 ×7
possible org Negara Republik Indonesia p.43
possible person Prof. Moh. Hasan p.53
possible — DBS Vickers p.75 ×3
possible — Beliau · Komisaris Independen p.75
possible person Drs. Rustam Effendi p.77
possible org Phillip Securities Pte. Ltd. p.77
possible org OCBC Securities Pte. Ltd. p.77
possible org UOB Kay Hian Pte. Ltd. p.77
possible — UBS Switzerland p.77
unresolved org PT Hexindo p.2 ×2
unresolved org Adiperkasa Tbk p.2
unresolved person Organ Pendukung · Komisaris p.7
unresolved org PT Sims Jaya Kaltim p.16
unresolved org PT Hexindo Adiperkasa Tbk's Adaro Tabalong Site p.17
unresolved org Pemerintah Provinsi Kalimantan Selatan p.17
unresolved org PT Saptaindra Sejati p.17
unresolved org PT Saptaindra Sejati's p.17
unresolved org PT Saptaindra Sejati ADMO Jobsite p.17
unresolved org PT Hexindo Adiperkasa Tbk's Paser Regency Site p.18
unresolved org PT Hexindo Adiperkasa Kota Balikpapan p.19
unresolved org Departemen Reman Balikpapan p.19
unresolved org Kementerian Ketenagakerjaan Republik Indonesia p.19 ×3
unresolved org Ministry of Manpower p.19 ×3
unresolved org PT Kideco Jaya Agung p.20
unresolved org Ministry of Manpower of Indonesia p.21
unresolved org Financial Services Authority p.28 ×6
unresolved org Kota Nusantara p.31 ×3
unresolved person Dwi p.37
unresolved — BUSINESS PROSPECT · PROSPEK USAHA p.38
unresolved — remains cautiously optimistic about · Direksi memandang prospek usaha ke depan dengan p.38
unresolved — future business prospects, supported by improving · optimisme yang terukur, ditopang oleh indikator makro p.38
unresolved org macroeconomic and industry fundamentals. The Government · dan industri yang membaik. Pemerintah menetapkan target p.38
unresolved org Bank Indonesia p.38 ×2
unresolved org 2026 State Budget, while Bank Indonesia projects economic · sementara Bank Indonesia memproyeksikan pertumbuhan p.38
unresolved org continued development of the Nusantara Capital City · Nusantara yang memperoleh alokasi anggaran sekitar Rp6,26 p.38
unresolved — (IKN), which has been allocated approximately Rp6.26 trillion · triliun pada 2026. p.38
unresolved org Indonesian Heavy Equipment Industry Association (HINABI) · pemulihan. Asosiasi Industri Alat Berat Indonesia (HINABI) p.38
unresolved org This growth is expected to be driven by the mining sector, · oleh sektor pertambangan (batu bara, nikel, emas, dan mineral p.38
unresolved org including coal, nickel, gold, and other minerals, the plantation · lainnya), perkebunan seiring program biodiesel dan food estate, p.38
unresolved — expanding export market opportunities. Demand from · agribisnis dan kehutanan diperkirakan berlanjut, memberikan p.38
unresolved person Ali p.42
unresolved person Purba p.42 ×2
unresolved person Christina Dwi Utami · Notaris p.42 ×2
unresolved person Widodo p.42 ×2
unresolved person Notary Mohamad Ali · Notaris p.43 ×2
unresolved org Menteri Kehakiman p.43
unresolved org Minister of Republik Indonesia p.43
unresolved org PT Hitachi p.43 ×2
unresolved org PT Hitachi Construction Machinery Finance Indonesia p.43 ×2
unresolved org PT Geopersada Mulia Abadi p.44 ×2
unresolved org PT Thiess p.44
unresolved org PT Thiess Indonesia. p.44
unresolved org PT Kaltim Prima Coal p.45 ×2
unresolved person Scope · Member p.52 ×3
unresolved org PT KIM Desa Tanjung Belit p.54
unresolved org PT AMNT p.54
unresolved person Dea Deskarina · Chairman p.58
unresolved person Ichsan Armanda · Chairman p.58
unresolved org Hitachi Construction Machinery Co., Ltd. p.63 ×19
unresolved org SHCM Service Co., Ltd. p.65 ×2
unresolved org Departemen Finance & Treasury p.66
unresolved org Biprogy Inc. p.67 ×2
unresolved org Nihon Unisys Co., Ltd. p.67 ×2
unresolved org Hitachi Construction Machinery Trading Co., Ltd. p.67 ×2
unresolved org Pacific Pte Ltd p.68 ×8
unresolved org Hitachi Construction Machinery Japan Co., Ltd. p.69 ×4
unresolved org PT Star Motor Indonesia p.74 ×2
unresolved org Teijin Indonesia Fiber Corporation Tbk p.74 ×4
unresolved org PT Alpha Austenite p.74 ×2
unresolved org PT Multi Guna Gas p.74 ×2
unresolved org PT Aneka Gas Industri p.74 ×2
unresolved org PT Maxima Performa Indonesia p.74 ×2
unresolved org PT Tata Wahana Sejahtera p.74 ×2
unresolved org PT Sun Hung Kai Securities Indonesia p.75 ×2
unresolved org PT Sigma Batara p.75 ×2
unresolved org PT Standard Chartered Indonesia p.75 ×2
unresolved org PT DBS Vickers Securities Indonesia p.75 ×2
unresolved org Gunung Agung Tbk p.75 ×4
unresolved org PT Efata Papua Airlines p.75 ×2
unresolved org PT RHB OSK Securities Indonesia p.75 ×2
unresolved org PT Moladin Finance Indonesia p.75 ×2
unresolved org PT Procar Finance Indonesia p.75 ×2
unresolved org PT Supra Sekuritas Indonesia p.75 ×2
unresolved org PT BPR Hagati Wiradana Sejahtera. Prior p.75
unresolved org PT BPR Hagati Wiradana Sejahtera. Rangkap p.75
unresolved org Indonesia Stock Exchange p.76 ×3
unresolved org More Hitachi Construction Machinery Co., Ltd. p.76
unresolved org Pasific Pte. Ltd. p.77
unresolved org JPMSE Lux RE UCITS CLT RE-Franklin Templeton Investment Funds , p.77
unresolved — SICAV p.77
unresolved org Pte. Ltd. p.77
unresolved person Hj. Yuslizarti p.77
unresolved person H. Iryadi Arifin p.77
unresolved org Investment Dimensions Group Inc. p.77
unresolved — 2025 Annual Report & Sustainability p.79
unresolved org Perusahaan Company Group Structure Hitachi Construction ITOCHU Corporation p.80
unresolved org Machinery Co., Ltd. p.80
unresolved org PT Itochu Indonesia p.80 ×2
unresolved org Tokyo Century Corporation p.80 ×6
unresolved org PT Hexa Finance Indonesia ENTITAS ANAK p.80
unresolved org PT Hexa Finance Indonesia. p.80 ×8
unresolved org PT Hexa Finance Indonesia. In Selain p.80
unresolved person Notary Robert Purba · Notaris p.81 ×2
unresolved org PT HCM Finance p.81
unresolved org PT HCM Indonesia p.81
unresolved org Century Tokyo Leasing Corporation p.81
unresolved person HCMFI. Berdasarkan Akta Notaris Hasbullah Abdul Rasyid p.81 ×2
unresolved org PT Hitachi Construction Construction Machinery Finance Indonesia p.81
unresolved org Hitachi Construction Machinery Co. Ltd. p.81
unresolved org PT Itochu p.81
unresolved org PT Hexa Finance Indonesia. Sebagai p.82
unresolved org PT Hexa Finance p.82
unresolved org Kantor Akuntan Publik Public Accountant p.83
unresolved org Purwanto Susanti p.83
unresolved org Purwantono p.83
unresolved org PT Raya Saham Registra p.83 ×3
unresolved person Notary Gatot Widodo · Notaris p.83 ×14
unresolved org Pusat Statistik p.88
unresolved org Kementerian Hukum Republik Indonesia p.120
unresolved — periodically evaluates its operational · Secara berkala, Perseroan melakukan evaluasi terhadap hasil p.120
unresolved — actual results achieved during the budget year. · ditetapkan pada awal tahun dengan realisasi pada tahun p.120
unresolved — 2025 is presented in the following table: · buku 2025 dapat dilihat pada tabel berikut: p.120
unresolved person Piagam · Komisaris p.133
unresolved org Otoritas Jasa Keuangan Republik Indonesia p.140
unresolved org PT Kustodian Sentral Efek Indonesia p.142 ×3
unresolved org Kantor Akuntan Publik Purwanto Susanti p.144
unresolved org Kantor Akuntan Publik Purwantono p.144
unresolved org Kantor Akuntan Publik p.144
unresolved org Young Global Limited p.384

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