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Page 1
3Q25 FINANCIAL UPDATE PRESENTATION PT Bank Rakyat Indonesia (PERSERO) Tbk.
Page 2
SHARE PRICE PERFORMANCE & OWNERSHIP
Ownership Composition as of September 2025 BBRI Share Performance vs JCI since IPO
No. Description No. of Investor % No. of Shares % BBRI JCI
I Domestic 80.0 Since IPO:
1. Government of RI 1 0.00% 1 0.00%
BBRI +44.9x
2. Retail 617,069 98.99% 9,643,259,232 6.36% 70.0 JCI +12.0x
3. Employees 2,442 0.39% 7,458,256 0.00%
4. Local Government 1 0.00% 1,590,000 0.00%
60.0
5. Bank 10 0.00% 1,033,912,525 0.68%
6. Cooperatives 28 0.00% 5,503,831,023 3.63% 4,488%
(in x)
50.0
7. Foundation 59 0.01% 315,746,550 0.21%
8. Pension Funds 165 0.03% 3,285,770,109 2.17%
9. Insurance 197 0.03% 1,831,276,046 1.21% 40.0
10. Corporations* 756 0.12% 81,142,562,599 53.54%
11. Mutual Funds 304 0.05% 1,939,910,542 1.28% 30.0
Total Domestic 621,032 99.62% 104,705,316,883 69.09%
II Foreign
20.0
1. Retail 539 0.09% 46,579,397 0.03%
1,200%
2. Institutional 1,802 0.29% 46,807,105,324 30.88%
10.0
Total Foreign 2,341 0.38% 46,853,684,721 30.91%
III Total 623,373 100.00% 151,559,001,604 100.00%
-
Sep-25
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
* Include BPI DANANTARA share ownership with composition around 53.19%
Source : Datindo 2
Page 3
MACRO OUTLOOK &
STRATEGY UPDATE
4
Page 4
MACRO ECONOMIC METRICS
Stable Macro Indicators with Fiscal Tailwinds, Though Middle-Lower Segment Remains Weak
GDP growth expected to remain stable in 3Q25.. MSME business activity showed modest decline..
Wholesale Business Acitivity Index MA (4) MSME Business Activity Index MA (4)
8.00 1
5.18 4.96 5.03 5.01 5.04 5.05 5.12
6.00
14.1 14.5 12.9
1
11.9 11.5 10.8
4.00
9.5
1
2.00
0.00 1
5.8 5.6 4.4 4.7 3.2 3.0
-2.17
-1.3
-2.00
0
-12.8
-4.00
0
-6.00
-24.5
-8.00 -
2018 2019 2020 2021 2022 2023 2024 2Q25
2020 2021 2022 2023 2024
..Growth outlook supported by remaining fiscal room ..As purchasing power remained under pre-pandemic level
K/L Non K/L Transfer to Regions % to Budget Middle Lower Segment Upper Segment
35 00 62% 70 % 2.0 0
56% 1.0 0 0.42 0.58
-0.02 -0.17
60 %
30 00
39% 2,235 50 % 0.0 0
0.10
25 00
1,960 0.08
-1.0 0
-0.34 -0.13
28%
40 %
-0.30
645
20 00
22% 572
30 % -2.0 0
-3.04 -0.98
15 00 17% 1,407
1,016 -3.0 0
401 789
20 %
806
10 00 703
620 291 532
10 % -4.0 0
235 -3.60
50 0
187 293 369 801
686
0% -5.0 0
217 475
0 196 254 326 -10 % -6.0 0
1Q25 4M25 5M25 6M25 8M25 9M25 2014 2016 2018 2020 2022 2024 9M25
Upper & Middle-Lower Segment Purchasing Power Index is calculated using z-score based on a set of each segment’s purchasing power indicators with mean & standard deviation from Jan’16 – Dec’18. 5
Page 5
MONETARY POLICY AS CATALYST
Monetary Easing and Fiscal Momentum to Support Liquidity Improvement
Steady Inflation, Forex & Reserves support monetary easing.. SRBI auction and interest rates have been trending down..
5.51
7.5
1,200 .0 8.0
3.13 2.72 2.81 7.3
2.65 7.5
1.59 1.87 1.57 6.9 6.9
1,000 .0
6.8
6.4 6.4 7.0
800 .0
7.0 6.2
16,665 6.7
6.5
16,132
17 ,0 00
15,573
17 5
6.5 6.6
15,399 600 .0
6.3 6.4 6.0
6.2
16 ,0 00
16 5
14,390 14,050 14,263
15 ,0 00
13,866 156 149 15 5
6.0 5.1 5.5
146 400 .0
5.0
14 ,0 00
145 137 14 5
13 ,0 00 136 5.0
129 13 5 5.3
4.8
12 ,0 00 200 .0
121
11 ,0 00
12 5
4.5
10 ,0 00 11 5
- 4.0
2018 2019 2020 2021 2022 2023 2024 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25
International Foreign Reserve (USD Bn) USD/IDR Headline Inflation (%) Total SRBI OS SRBI 12M avg rate (%) SBN 12M yield
BI Policy rate corridor indicating monetary expansion.. Money Supply showing signs of recovery
6.75 6.7 1,775 1,760
6.5 1,716
12 ,0 00
7.4
6.75 1,690
2,000
6 1,559 1,583 1,578 1,800
6.4
6 5.75 10 ,0 00
5.5 1,351 1,600
5 5.75
5.4
5 4.75 8,00 0
1,070 1,112 1,147 1,400
4.25 5.25 4.25 5.8 1,200
4.4 5.25 5 4.0
5.7 3.5 6,00 0 1,000
3.9 3.4
2.75 8,827 9,048 9,211 9,437 9,595 9,657 800
3.5 3.75 4,00 0
7,870 8,528
6,137 6,900 600
5,760
2.4
400
2,00 0
1.4
200
- -
0.4
Jan-18 Jan-19 Jan-20 Jan-21 Jan-22 Jan-23 Jan-24 Jan-25 Sep-25 2018 2019 2020 2021 2022 2023 9M24 2024 1Q25 1H25 8M25
BI Rate Lending Facility Rate Deposit Facility Rate IndoNIA M2 (Rp Tn) Money Base (Rp Tn)
6
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INDONESIA BANKING INDUSTRY PERFORMANCE
Expansionary Policies Driving Liquidity and Growth
*Asset YoY Growth Loan YoY Growth Deposit YoY Growth LDR
12.2% 88.6%
11.1% 87.8%
11.4%
11.4%
10.4% 12.2%
10.4% 11.1% 9.0% 8.5% 83.8%
9.2%
9.2%
7.2% 10.2% 9.9% 7.2%
9.0% 7.0% 7.5% 86.4% 86.5% 86.0%
6.43% 10.4%
10.4% 7.8% 7.6%
7.8% 7.0% 7.5%
5.9% 5.9% 7.0%7.0% 4.5% 4.8%
4.5% 4.8%
3.7%3.7% 78.8%
82.5%
5.2%
2.5% 5.2%
2.5% 77.1%
2020 2021 2022 2023 2024 1Q25 1H25 2020
2020 2021 2024
20232024
20222023
2021 2022 1Q25
1Q25 1H25
1H25 7M257M25
8M25 2020 20212022
2020 2021 2022023
2023
20242024
1Q251Q25 1H25 8M25
1H25 7M25 7M25 2020 2021 2022 2023 2024 1Q25 1H25 7M25 8M25
NIM CAR LaR NPL
27.7% 23.4%
4.8% 3.1% 3.0%
4.7% 26.7% 19.5%
26.0% 2.4%
25.8% 25.9% 2.3% 2.3%
4.6% 25.7% 2.2% 2.2%
4.6% 14.1%
25.7% 2.4%
4.5% 4.5% 4.5%
4.5% 2.1%
4.5% 25.4% 9.3% 9.7% 9.7%
10.9%
9.9% 9.7%
23.9%
2020 2021 2022 2023 2024 1Q25 1H25 7M25 8M25 2020 2021 2022 2023 2024 1Q25 1H25 7M25 8M25 2020 2021 2022 2023 2024 1Q25 1H25 7M25 8M25 2020 2021 2022 2023 2024 1Q25 1H25 7M25 8M25
*) Asset Data using the OJK SPI until June 2025
Data source: SPI OJK and media releases 7
Page 7
REIGNITING BRI’S CORE
Shift to healthier and sustainable growth
Revamp the existing core and build a new
Transform the Funding Franchise
sustainable core
• Strengthen and empower the Regional Offices • Revisit the micro business model while still
supervision to improve branches and RMs' focusing on asset quality (risk excellence,
productivity business process, and people capability)
• Transform retail CASA and Wealth • Strengthen dominance in the payroll business,
Management, and strengthen transaction accelerate growth in auto loans and mortgages,
banking capabilities across all segments and expand pawn/ bullion services
• Tap into the emerging affluent segment • Strengthen risk management for a small
• Strengthen collaboration across segments, portfolio, boost productivity in medium
including improving penetration on value chain business, and sustain accelerated growth under
synergies, and boost subsidiary synergy commercial
• Refresh bank-wide branding across products
and digital services
Build a World Class Organization, Distribution and Launch a holistic people Upgrade E2E Enterprise
foundations Operations transformation Risk Management
8
Page 8
RETAIL FUNDING & ASSET QUALITY INITIATIVES
Retail Funding & Transaction focuses on improving productivity all channels Asset quality initiatives aim to strengthen credit discipline and reduce NPLs
and enhanced collaboration across business segments and subsidiaries through improved loan officer’s capabilities, processes, and risk controls
Optimize Digital Human Capital & Enhance Loan Officer’s
Activation programs at
Channels key F&B Hotspots Organization Competencies
Redefine recruitment
Leverage emerging standards and training,
Reactivate lifestyle trends improve career pathways
Merchant Cluster
Redesign Organization
and Roles
Remodel Micro loan
officer’s roles and establish
Optimize Business Commercial Banking Center
Cluster Optimizing territorial coverage,
ecosystem, and customer value
chain penetration to strengthen
cluster-based business and
Improve Operations
accelerate CASA acquisition Business Process
and Digital Enablers
Improvement
Add Supervisors in all Micro Units, enhance
BRIspot and pipeline management
Collaboration Business potential
Across Business mapping and acquisition
Unit & Subsidiaries strategies tailored to each
unit’s operational area
Strengthening Risk Enhance Pre-screening and Underwriting
Management Enhance pre-screening framework and Early
Warning system
9
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SECOND ENGINES OF GROWTH INITIATIVES
Tapping into Bullion Services
Drivingand capturingConsumer
End-to-End growth in Growth
Indonesia’s
Driving End-to-End Consumer Growth
gold ecosystem
Payroll loan Maximizing Customer Base Implementing the Bullion Services
Bullion
Focus on expanding ETB
Services Pegadaian officially launched and served
penetration within customer base
bullion services in February 2025. Bullion
Acquisition of high-quality payroll services offer gold financing, savings, trading,
accounts and deposits to both retail and corporate
customers.
Mortgage Expanding tier-1 developer’s
Establishing strong retail product portfolio
project partnership
agreements Expanding gold-based retail offerings to enhance customer value
and revenue growth
Hosting the Consumer Expo
Expanding to the B2B market
2025 across Indonesia’s major
cities, as a flagship event to Tapping corporate and institutional markets to unlock new growth
showcase BRI’s full suite of opportunities
consumer banking products Building a gold business ecosystem
Leveraging subsidiary Developing an integrated gold ecosystem to reinforce market
Auto Loan leadership and industry synergy
synergy to develop the auto
loan business via joint
financing Introducing Tring
Tring is a digital app launched by
Tapping into integrated auto
Pegadaian to unify and digitize Gold
loan ecosystem Investment and Pawn Services into
one super app for:
Wealth Driving Fee Income by
✓ loan installment,
Management optimizing product offerings,
✓ Gold savings and term deposits,
deepening corporate synergies,
✓ gold savings-collateral loan,
and accelerating customer and
✓ billing payment and e-wallet top-up.
FUM expansion through flagship
programs
10
Page 10
TRANSFORMING FUNDING FRANCHISE
Optimizing All Digital Channels
Business Merchant
Key Metrics Growth YoY
Sales Volume (Rp Tn) Sales Volume/ Merchant (Rp Mn)
# Monthly Transaction
Active Users (in Mn) value (Rp Tn) BRIMO Penetration Rate* +20.8% +29.3%
56.7% 186.3 557.2 526.7 680.9
133.0 160.7
60
. 0%
53.9% 200 .0
119.8
700 .0
600 .0
327.1 337.5
19.0% YoY 25.6% YoY 55
. 0%
150 .0
100 .0
77.9 500 .0
400 .0
300 .0
50
. 0%
47.4% 1H25 50.0
-
200 .0
100 .0
-
23.0 19.9 5,067.1 45
. 0% 2022 2023 2024 9M24 9M25 2022 2023 2024 9M24 9M25
16.7 38.7%
5,000 .0
18.0 4,500 .0 4,034.8
# Merchant (in thousand) # Productive Merchant (in thousand)
40
. 0%
4,000 .0 1.2
13.0 3,500 .0 1
3,000 .0
0.8 30.4%
35
. 0%
+3.3%
8.0
-6.5%
2,500 .0
0.6
30
. 0%
2,000 .0
0.4
3.0
1,500 .0
354.8
0.2
334.3 336.7
25
. 0%
314.7
1,000 .0
400 .0
2022 2023 2024 9M25
0
(2 .0 )
9M24 9M25 9M24 9M25 350 .0
300 .0
238.1 180 .0
160 .0
110.0 99.5 102.9
250 .0
140 .0
77.5
49.4
120 .0
200 .0 100 .0
150 .0 80.0
100 .0 60.0
40.0
50.0
20.0
- -
2022 2023 2024 9M24 9M25 2022 2023 2024 9M24 9M25
# Active Users (in Thousand) Sales Volume (Rp Tn) QRIS
Sales Volume (Rp Tn) Sales Volume/ Store (Rp thousands) # Transactions (in Bn)
+51.3% +35.4%
9,317 +133.1% +123.4% +161.4%
103.5 100 .0
10,00 0
9,000
6,881 593 9,010
8,010
358
100 .0 8,000
13,497.5 527.5
90.0
59.4
7,010
68.4
7,000
80.0 80.0
6,010
67.8 70.0
6,000
5,010
8,724
60.0 5,000
60.0
40.0
41.2 50.0
40.0
4,000
3,000 6,523
4,010
3,010 25.5 6,040.9 201.8
35.7
2,000 2,010
30.0
27.2
20.0
20.0 1,000 1,010
- 10.0 - 10
9M24 9M25 9M24 9M25 9M24 9M25 9M24 9M25 9M24 9M25
*) BRIMO penetration rate used the total customers of 78.3 million as of 9M25
**) The metric for EDC productivity is monthly sales volume ≥ Rp15 million per EDC
11
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CONTINUED PROGRESS IN THE SECOND ENGINES OF GROWTH
Consumer Loan Breakdown (Bank Only) Rp Tn Funding Under Management (Rp Tn) & Fee Income from WM (Rp Bn)
Payroll Loan Mortgage Auto-Loan % to Total Loan (Bank Only) Funding Under Management Fee Income
250
.0
g YoY 9M25 g QoQ g YoY 600 .0
200
.0
500 .0
400 .0
g QoQ g YoY
60.6 62.4 64.4 14.0% 519.2 507.8
300 .0
150
.0 56.5 5.04% 0.09% 0.39% 200 .0
362.7 40.0% -2.2%
100 .0
196.9
100
.0 9.8% -
270 .0
1Q 25 1H2 5 9M 24 9M 25
138.6 141.1 131.8 144.7 265 .0
50.0
11.32% 0.15% 0.49% 260 .0
266.5
255 .0
263.3 1.2% 10.8%
-
1Q 25 1H2 5 9M 24 9M 25 250 .0
0.5
250.3
0.5
0.4 245 .0
347.1%
0.4
0.03%
0.3 240 .0
0.3
0.2
0.4 0.02% 0.03% 235 .0
240.6
0.2 0.2
0.2
0.1
0.1
230 .0
0.1
-
225 .0
1Q25 1H25 9M24 9M25 1Q25 1H25 9M24 9M25
Gold Savings OS & Number of Customers Gold Installment Loan OS Rp Tn
Gold Savings (tonnes) Active Cust (mn) Avg Savings/Cust (gr)
+152.6%
3.4 3.6 3.5
3.2 6.3
2.9
18
.0 3.6
16
.0
3.1 5.6
14
.0
2.6
12
.0
13.7 14.2 2.1 3.9
10
.0
12.0
10.3
1.6
2.8 2.5
9.3
8.0
1.1
6.0
3.2 3.5 3.8 3.2 4.1 0.6
4.0
0.1
2.0
0.0 -0. 4
2024 1Q25 1H25 9M24 9M25 2024 1Q25 1H25 9M24 9M25
12
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DEPOSIT COMPOSITION IMPROVING
CASA Ratio Up 350bps YoY, Retail Savings Maintained Growth Momentum
Deposit Growth (Consolidated) (Rp Tn) Deposit Products Wholesale vs Non-Wholesale* (Rp Tn)
Total Deposit: 8.2% YoY Growth YoY Total Deposits 9M25: Rp1,468.0 Tn Growth YoY
CASA: 14.1% YoY
1,600
.0
Non-wholesale
1,474.8 Demand Deposit Savings Time Deposit
4.4%
1,400
.0
1,358.3 1,365.5 1,362.4 1,000
.0
838.2 862.9
893.5 880.5 919.2
1,307.9 747.2 770.4
90
.0
%
-3.3%
900
.0
800
.0
672.5 249.0 259.5 250.8
-2.3% 223.5 245.9
198.1
700
.0
YoY 215.5
477.2 200.9
600
.0
1,200
.0
1,120.9 1,138.7 500
.0
7.2%
446.5 542.5 560.5
80
.0
%
522.9
400
.0
496.2 522.5 527.7
484.3 488.2 300
.0
405.6 460.4
435.5 200
.0
1,000
.0
100
.0
- 66.0 71.3 76.2 92.2 89.4 102.0 98.1 107.9 10.1%
420.5 70
.0
%
2019 2020 2021 2022 2023 2024 9M24 9M25
452.1 67.6%
66.7% 67.3%
800
.0
64.3% 64.2% 7.2%
63.1%
562.6 YoY Wholesale
59.7%
60
.0
%
544.4
600
.0
522.6 527.9 524.7 Demand Deposit Time Deposit
548.7 15.0%
497.7 50
.0
%
600
.0
491.1
476.1 464.0 467.9 477.1
400
.0 500
.0
-1.5%
359.0 220.4
306.6 233.7
400
.0
206.7 192.9 223.8
24.5%
300
.0
435.1 215.8
40
.0
%
374.6 YoY 195.0
200
.0
349.8 346.1 349.5 200
.0
328.4 29.6%
257.3 257.4 275.0 253.3
192.7 220.6 100
.0
143.2
111.7
-
2020 2021 2022 2023 2024 9M24 9M25
- 30
.0
%
2020 2021 2022 2023 2024 9M24 9M25
Demand Deposit Savings Time Deposit CASA
*Data is presented in Bank Only 13
Page 13
LOANS & FINANCING PORTFOLIO
Second Growth Engines Gaining Traction, With QoQ Momentum Driven by Payroll Loans,
Commercial Lending, and Gold Pawning
Loan Outstanding – by business segment (Rp Tn) Composition – by business segment (%)
12
00. %
1,600
.0 1,600
.0
1,438.1
1,400
.0
1,354.6 1,353.4 1,400
.0
100. %
1,266.4 16.1% 16.1% 15.3% 15.6%
287.4 18.03% 18.30% 19.98%
1,200
.0 1,139.1 244.3 247.7 1,200
.0
197.7 80
.0
%
1,020.2 1,042.9
173.8 23.0% 21.6% 21.1% 20.2%
1,000
.0
294.8 1,000
.0
27.3% 20.3% 20.5%
168.3 273.8 274.3
164.7 267.5
246.4
60
.0
%
800
.0 800
.0
14.4% 14.7% 15.0% 15.44% 15.01%
240.4 209.1 203.1 222.8 15.49%
278.1 190.0 14.2%
600
.0
167.6 600
.0
150.4
40
.0
%
144.8
400
.0 400
.0
46.4% 48.4% 48.3% 46.32% 46.43%
611.2 627.5 628.3 633.1 42.4% 44.02%
551.3
20
.0
%
200
.0
432.5 483.9 200
.0
- - 0.0%
2020 2021 2022 2023 2024 9M24 9M25 2020 2021 2022 2023 2024 9M24 9M25
Micro Consumer CSME Corporate Total
YoY Growth ( % ) 0.8 9.7 7.5 16.0 6.3
(Rp Tn) 4.8 19.7 20.6 39.7 84.8
Recently, Bank Raya shifted portion of its Small Segment loans to Micro Segment amounting to Rp1 tn. If we adjust the Ultra Micro loans outstanding, it will impact loan growth by 5bps 14
Page 14
DEPOSIT OUTSTRIPPED LOAN GROWTH DRIVEN BY CASA
x.x% g QoQ x.x% g YoY
Asset (Rp Tn) Deposit (Rp Tn) Loan & Financing (Rp Tn)
+0.8% +8.2% -0.5% +8.2% +1.5% +6.3%
2,106 2,123 1,962 2,123
1,866 1,965 1,993
1,678 1,482 1,475 1,362 1,475 1,417 1,438 1,353 1,438
1,308 1,358 1,365 1,266 1,355
1,139 1,043 1,139
2021 2022 2023 2024 2Q25 3Q25 9M24 9M25 2021 2022 2023 2024 2Q25 3Q25 9M24 9M25 2021 2022 2023 2024 2Q25 3Q25 9M24 9M25
Fee & Other Opt. Income (Rp Tn) PPOP (Rp Tn) Net Profit (Rp Tn)
-1.2% +0.4% +0.0% -1.0% +15.5% -9.1%
116.8
106.5
60.4 60.6
54.6 91.3 87.5 86.7
80.4 51.4
45.9 45.4
41.2 39.4 39.5 39.7 41.2
30.8
28.4 28.4 14.7
13.1 13.0 12.7
2021 2022 2023 2024 2Q25 3Q25 9M24 9M25 2021 2022 2023 2024 2Q25 3Q25 9M24 9M25 2021 2022 2023 2024 2Q25 3Q25 9M24 9M25
Consolidated Number 15
Page 15
IMPROVED FUNDING MIX CUSHION LOAN QUALITY PRESSURE
ON PROFITABILITY
x.x% g QoQ x.x% g YoY
NIM Cost of Third-Party Fund* (Marginal) CoC
-0.4% -0.2% -0.4% -0.2%
-0.1% -0.2%
8.2%
3.6% 3.4% 3.2%
7.9% 3.1% 3.2% 3.3%
7.9% 7.9% 2.9% 3.0% 3.0% 2.9%
7.8% 7.7% 2.7% 2.8% 2.6% 2.4%
7.7%
2.0%
7.5%
1.3%
2021 2022 2023 2024 2Q25 3Q25 9M24 9M25 2021 2022 2023 2024 2Q25 3Q25 9M24 9M25 2021 2022 2023 2024 2Q25 3Q25 9M24 9M25
LAR ROA ROE
+1.6% -2.2%
-0.1% -1.0% +0.3% -0.4%
24.1% 19.8% 19.0% 19.2%
17.6% 17.7% 17.0%
16.1%
16.5% 12.2%
3.3% 3.1% 3.1%
12.5% 3.0% 2.8%
10.7% 10.8% 10.7% 11.7% 10.7% 2.5% 2.7%
1.9%
2021 2022 2023 2024 2Q25 3Q25 9M24 9M25 2021 2022 2023 2024 2Q25 3Q25 9M24 9M25 2021 2022 2023 2024 2Q25 3Q25 9M24 9M25
Consolidated Number *) Cost of Third-Party Fund excludes gift expense and LPS premium cost. The data shown reflects only the respective month 16
Page 16
FINANCIAL
PERFORMANCE
17
Page 17
BALANCE SHEET
Deposits Growth Driven by CASA
(Rp Bn)
Items 9M25 1H25 9M24 g QoQ g YoY 2024 2023 2022
Cash and Cash Equivalent 100,490 90,797 91,238 10.7% 10.1% 118,663 133,513 178,343
Total Earning Assets: 1,976,358 1,972,929 1,829,629 0.2% 8.0% 1,841,405 1,791,006 1,665,968
- Placement with BI & Other Banks 93,964 123,075 108,716 -23.7% -13.6% 83,457 87,557 91,890
- Receivables (Acceptance & Others) 56,063 72,404 54,719 -22.6% 2.5% 51,849 65,024 47,146
- Loans & Financing 1,438,109 1,416,619 1,353,356 1.5% 6.3% 1,354,641 1,266,429 1,139,077
- Gov't Bonds & Marketable Securities 379,444 352,452 305,123 7.7% 24.4% 343,381 364,687 381,339
- Other Earning Assets 8,778 8,378 7,715 4.8% 13.8% 8,077 7,308 6,515
Earning Asset Provision: (81,938) (82,631) (86,092) -0.8% -4.8% (82,529) (88,172) (94,975)
- Loans and Financing Provisions (80,949) (81,357) (84,504) -0.5% -4.2% (81,064) (85,502) (93,088)
- Other Provisions (989) (1,274) (1,588) -22.3% -37.7% (1,465) (2,670) (1,887)
Fixed & Non-Earning Assets 128,536 125,277 127,141 2.6% 1.1% 115,444 128,660 116,303
Total Assets 2,123,447 2,106,371 1,961,916 0.8% 8.2% 1,992,983 1,965,007 1,865,639
Third Party Funds : 1,474,783 1,482,120 1,362,419 -0.5% 8.2% 1,365,450 1,358,329 1,307,884
- CASA 997,622 970,946 874,231 2.7% 14.1% 918,981 874,070 872,404
Current Account 435,071 414,483 349,490 5.0% 24.5% 374,554 346,124 349,756
Savings Account 562,551 556,463 524,741 1.1% 7.2% 544,427 527,946 522,648
- Time Deposits 477,161 511,174 488,188 -6.7% -2.3% 446,469 484,259 435,481
Other Interest-Bearing Liabilities 210,675 205,823 179,105 2.4% 17.6% 200,597 180,023 162,817
Non-Interest-Bearing Liabilities 100,090 96,356 90,920 3.9% 10.1% 103,747 110,184 91,543
Total Liabilities 1,785,549 1,784,299 1,632,443 0.1% 9.4% 1,669,794 1,648,535 1,562,244
Tier 1 Capital 305,359 290,374 296,281 5,2% 3,1% 291,317 283,949 273,812
Total Equity 337,898 322,072 329,473 4.9% 2.6% 323,189 316,472 303,395
Total Liabilities & Equity 2,123,447 2,106,371 1,961,916 0.8% 8.2% 1,992,983 1,965,007 1,865,639
18
Page 18
INCOME STATEMENT
Core NII Growth Intact; While Other Operating Income Softened Due to Slower Recoveries
(Rp Bn)
Items 3Q25 2Q25 1Q25 3Q24 g QoQ g YoY 9M25 9M24 g YoY
Interest Income 52,784 52,538 49,838 50,847 0.5% 3.8% 155,160 150,637 3.0%
Interest Expense (15,068) (15,115) (13,987) (14,263) -0.3% 5.6% (44,169) (42,776) 3.3%
Net Interest Income 37,717 37,423 35,852 36,583 0.8% 3.1% 110,991 107,861 2.9%
Net Premium Income and Insurance Services 547 (629) 1,066 537 187.0% 1.9% 984 1,995 -50.7%
Other Operating Income (Non-Interest) - incld. Gold 12,986 13,143 13,524 15,340 -1.2% -15.3% 39,653 39,487 0.4%
Total Operating Expenses (22,860) (21,556) (20,544) (21,993) 6.0% 3.9% (64,961) (61,834) 5.1%
Personnel Expenses (10,928) (10,901) (10,834) (10,268) 0.3% 6.4% (32,663) (30,900) 5.7%
G&A Expenses (7,547) (7,504) (7,235) (7,555) 0.6% -0.1% (22,286) (21,830) 2.1%
Others Expenses (4,385) (3,151) (2,476) (4,170) 39.2% 5.2% (10,012) (9,104) 10.0%
Pre-Provision Operating Profit 28,390 28,381 29,897 30,467 0.0% -6.8% 86,668 87,510 -1.0%
Provision Expenses (10,324) (10,998) (12,275) (10,967) -6.1% -5.9% (33,597) (29,464) 14.0%
Loan - Provision Exp (10,480) (11,548) (12,012) (10,859) -9.3% -3.5% (34,040) (33,588) 1.3%
Non-Loan - Provision Exp 156 550 (263) (108) -71.7% 243.9% 443 4,124 -89.3%
Profit From Operations 18,066 17,383 17,622 19,500 3.9% -7.4% 53,071 58,045 -8.6%
Non-Operating Income 54 (21) (240) 39 354.0% 39.6% (207) (57) 263.1%
Net Income Before Tax 18,119 17,362 17,382 19,539 4.4% -7.3% 52,864 57,988 -8.8%
Net Profit 14,699 12,729 13,804 15,466 15.5% -5.0% 41,232 45,362 -9.1%
Profit After Tax & Minority Interest (PATMI) 14,502 12,603 13,673 15,363 15.1% -5.6% 40,779 45,065 -9.5%
*) We reclassified fee-based income from Supply Chain Financing into Net Interest Income (Non-Loan) of Rp 2.4 tn in FY24 and Rp 2.2 tn in FY23. All FY24 and FY23 is adjusted to reflect this change. 19
Page 19
LIQUIDITY DISCPLINE SUPPORTS DEPOSIT COSTS
Liquidity Optimization Improved Funding Efficiency, Supporting Stable Deposit Costs
LDR (Consolidated – Bank Entity) LCR & NSFR
300. %
90 .0 0%
88.45% 88.51% 88.85%
88 .0 0%
86.03% 86.52%
84.97%
84.22%
86 .0 0%
83.45%
84 .0 0% 25
00. % 241.0%
82 .0 0%
228.5%
80 .0 0% 78.82%
199.4%
78 .0 0%
76 .0 0%
200. %
74 .0 0%
162.5%
72 .0 0%
2019 2020 2021 2022 2023 2024 1Q25 1H25 9M25 160.7% 156.6%
150.5%
141.3%
Cost of Third-Party Fund & CASA
15
00. %
149.3%
142.3%
136.8% 135.2%
70 .0 %
3.5%
3.2% 127.9%
3.0% 3.0% 3.0% 123.6% 125.6%
68 .0 % 2.9% 122.9%
3.0% 100. %
2.5% 67.6%
66 .0 %
67.3% 100%
2.5%
66.7%
63.1% 65.8%
64 .0 %
65.5% LCR & NSFR
64.3%
minimum regulatory
2.0%
62 .0 %
1.5%
1.5%
50
.0
%
requirement
1.7%
60 .0 %
58 .0 %
1.0%
59.7%
56 .0 %
0.5%
0.0%
54 .0 %
0.0%
2020
20 20
2021
20 21
2022 20 22
2023 20 23
2024
20 24
1Q25
1Q 25
1H25
1H2 5
9M25
9M 25 2020 2021 2022 2023 2024 1Q25 1H25 9M25
Cost of Third Party Fund CASA (%) LCR NSFR
Cost of Third-Party Fund excludes LPS premium cost 20
Page 20
EARNING ASSET YIELD & STRONG MARGINS MAINTAINED
Optimized Balance Sheet with Sustained Margins
NIM – Bank Only vs Consolidated Lending Yield, EA Yield, and Cost of Interest-Bearing Liabilities
16
.0
%
13.0%
9.0% 8.0%
8.2% 12.5% 12.5% 13.1% 13.3% 13.0%
8.5%
7.9% 7.8%
14
.0
%
12.3%
7.9% 7.7%
7.6%
7.5%
8.0%
12
.0
%
6.9%
7.5%
7.2%
10
.0
%
7.0%
7.1% 10.9% 11.1% 10.8%
7.1% 10.1%
7.0%
6.5% 6.5%
8.0%
9.6% 9.7% 10.8%
6.8% 6.6% 6.0%
3.6% 3.6%
6.0%
6.5% 3.1% 3.7%
2.3%
6.0%
2.1%
4.0%
3.5%
5.5%
6.1%
5.0%
2.0%
5.5%
4.5%
0.0%
2020
4.0%
2021 2022 2023 2024 1H25 9M25 5.0%
2020 2021 2022 2023 2024 1H25 9M25
NIM - Consol. NIM - Bank Only Loan Yield Earning Asset Yield Cost of Interest-Bearing Liabiltiies
40.0
EA to Total Asset and Loan to Total EA
40.0
35.0
37.5 37.7
35.1 34.8 93.9% 94.7% 91.1% 92.4% 92.3% 93.7% 93.1%
35.0
10 0.0%
89.3%
31.1
90 .0 %
30.0
70.7% 73.6% 70.9% 71.8% 72.8%
67.5%
80 .0 %
30.0 28.1
28.3 65.6% 68.4%
27.8 70 .0 %
26.6
25.0
25.0
26.1 60 .0 %
50 .0 %
20.0
20.0
21.9 21.6 40 .0 %
30 .0 %
15.0
15.0 20 .0 %
10 .0 %
10.0
0.0%
2020 2021 2022 2023 2024 9M25 2020 2021 2022 2023 2024 1Q25 1H25 9M25
Quarter NII - Consol (IDR Tn) Quarter NII - Bank Only (IDR Tn) % EA to Total Asset % Loan & Financing to Total EA
* We reclassified fee-based income from Supply Chain Financing into Net Interest Income (Non-Loan) of Rp 2.4 tn in FY24 and Rp 2.2 tn in FY23. All FY24 and FY23 is adjusted to reflect this change.
* Starting Jan-25, we have been using a new methodology to calculate NIM, based on the monthly average Earning Assets excluding Investment, Derivative Receivables, and Acceptance Receivables that do
21
not generate interest income. All historical data reflects this change
Page 21
OTHER OPERATING INCOME & OPERATING EXPENSES
More Stable Revenue Mix Driven By Rising Fee Income Contribution
Other Operating Income
(Rp Bn)
Items 3Q25 2Q25 1Q25 3Q24 g QoQ g YoY 9M25 9M24 g YoY
Fees and Commissions 5,311 5,183 5,209 5,195 2.5% 2.2% 15,704 15,313 2.6%
Recovery of Written-Off Assets 5,073 5,213 4,971 7,746 -2.7% -34.5% 15,257 17,828 -14.4%
Gain on Sale of Securities - Net 603 750 491 676 -19.6% -10.8% 1,843 1,607 14.7%
Gain on Foreign Exchange - Net 238 571 747 371 -58.3% -35.8% 1,556 826 88.4%
Unrealized Gain on Changes in Fair Value of Securities 80 (8) 8 193 -1045.4% -58.4% 80 193 -58.4%
Others 1,285 990 1,682 944 29.9% 36.1% 3,957 3,263 21.3%
Total Other Operating Income 12,590 12,698 13,109 15,126 -0.9% -16.8% 38,397 39,030 -1.6%
Net Gold 396 445 415 215 -11.0% 84.6% 1,256 457 174.8%
Total Other Operating Income Incl. Gold 12,986 13,143 13,524 15,340 -1.2% -15.3% 39,653 39,487 0.4%
Operating Expenses
(Rp Bn)
Items 3Q25 2Q25 1Q25 3Q24 g QoQ g YoY 9M25 9M24 g YoY
Salaries and Employee Benefits 10,928 10,901 10,834 10,268 0.3% 6.4% 32,663 30,900 5.7%
General and Administrative 7,547 7,504 7,235 7,555 0.6% -0.1% 22,286 21,830 2.1%
Others 4,385 3,151 2,476 4,170 39.2% 5.2% 10,012 9,104 10.0%
Total Operating Expense 22,860 21,556 20,544 21,993 6.0% 3.9% 64,961 61,834 5.1%
*) As of 2025, insurance subsidiaries have adopted IFRS 17, replacing IFRS 4
*) We reclassified fee-based income from Supply Chain Financing into Net Interest Income (Non-Loan) of Rp 2.4 tn in FY24 and Rp 2.2 tn in FY23. All FY24 and FY23 is adjusted to reflect this change. 22
Page 22
OPERATING EXPENSE BREAKDOWN
CIR remains within target range, despite one-off item driving subsidiaries’ Opex growth
(Rp Bn)
Items 3Q25 2Q25 1Q25 3Q24 g QoQ g YoY 9M25 9M24 g YoY
Bank Only - Personnel Expenses 7,471 7,672 7,615 7,251 -2.6% 3.0% 22,758 22,239 2.3%
Bank Only - G&A Expenses 4,933 5,243 5,005 5,622 -5.9% -12.3% 15,181 15,966 -4.9%
Bank Only - Others Expenses 3,532 3,169 2,204 3,885 11.4% -9.1% 8,906 8,204 8.6%
Bank-Only Operating Expense 15,936 16,085 14,824 16,758 -0.9% -4.9% 46,845 46,408 0.9%
Subsidiaries - Personnel Expenses 3,457 3,229 3,219 3,017 7.1% 14.6% 9,905 8,662 14.4%
Subsidiaries - G&A Expenses 2,614 2,261 2,229 1,933 15.6% 35.2% 7,104 5,864 21.2%
Subsidiaries - Others Expenses 853 (19) 271 79 4705.9% 977.7% 1,106 900 22.9%
Subsidiaries Operating Expense 6,925 5,471 5,720 5,029 26.6% 37.7% 18,116 15,425 17.4%
Consolidated - Personnel Expenses 10,928 10,901 10,834 10,268 0.3% 6.4% 32,663 30,900 5.7%
Consolidated - G&A Expenses 7,547 7,504 7,235 7,555 0.6% -0.1% 22,286 21,830 2.1%
Consolidated - Others Expenses 4,385 3,151 2,476 4,170 39.2% 5.2% 10,012 9,104 10.0%
Consolidated Operating Expense 22,860 21,556 20,544 21,993 6.0% 3.9% 64,961 61,834 5.1%
Cost to Income Ratio: Bank Only vs Consolidated* Cost to Asset Ratio: Bank Only vs Consolidated*
55
.0
%
50.9%
48.6%
6.00 %
50
.0
%
47.4%
4.19% 4.15% 4.18% 4.20%
5.00 %
3.98% 3.91% 3.92% 4.00% 4.08%
41.9% 41.8% 41.9% 42.8%
41.4%
45
.0
%
40.7%
45.4%
4.00 %
40
.0
%
43.3%
42.0% 3.00 %
3.48%
3.26% 3.23% 3.40% 3.33% 3.20% 3.22%
38.7% 38.5% 38.7% 3.11% 3.07%
35
.0
%
37.7% 37.6% 37.9% 2.00 %
30
.0
%
1.00 %
25
.0
% 0.00 %
2020 2021 2022 2023 9M24 2024 1Q25 1H25 9M25 2020 2021 2022 2023 9M24 2024 1Q25 1H25 9M25
BRI Consolidated BRI Consolidated
*As of 2025, insurance subsidiaries have adopted IFRS 17, replacing IFRS 4
23
*Since 2021, Other Operating Income includes net gold revenue
Page 23
FEE & OTHER OPERATING INCOME
High E-channel Contribution Reflects Strong Digital Transaction
Consolidated - Other Operating Income (Rp Tn) Bank Only - Fee and Commission – Composition (Rp Bn)
YoY g = -1.6% 9M24 g YoY = 1.8% 9M25
871
929 6%
939 841
626 6%
6% 6%
502 4%
60.0
53.9 3% 3,348
633 Deposit Admin.
3,492 4% 22%
601 E-Channel
50.0
8.0 4% 24%
Loan Admin.
43.4
1,759 1,921 Trade Finance & IB
39.1 39.0 38.4 12% 13%
40.0
8.1 Non E-Channel
34.7 Insurance
7.9 5.9 6,817
31.0 7.4 6,749
25.4 45% Others
45%
30.0
8.6
7.5 16.8
12.5 17.8 15.3
20.0
7.3
9.0 Bank Only - Fee and Commission YoY Growth*
24.7%
30
.0
%
20.5
25
.0
%
18.8 18.5
10.0
16.2 17.1 15.3 15.7 20
.0
%
15
.0
%
9.2%
5.3%
10
.0
%
3.6%
-
2020 2021 2022 2023 2024 9M24 9M25
5.0%
1.0%
0.0%
Fees and Commissions Recovery of Written-Off Assets Others -5.0%
-1.1%
-10.0%
-4.1%
Deposit E-Channel Loan Trade Non E- Insurance Others
• Other Operating Income growth driven by Fee Based Income Admin. Admin. Finance & IB Channel
*) We reclassified fee-based income from Supply Chain Financing into Net Interest Income (Non-Loan) of Rp 2.4 tn in FY24 and Rp 2.2 tn in FY23. All FY24 and FY23 is adjusted to reflect this change. 24
Page 24
WELL-CAPITALIZED BALANCE SHEET PROVIDES FLEXIBILITY
CAR at 25.42% is the Highest Among Top 10 Banks
40 .0 0% 25 .0 0%
19.80% 19.01%
17.63% 16.99%
20 .0 0%
35 .0 0%
16.63%
12.23% 15 .0 0%
10.52%
30 .0 0%
27.27%
10 .0 0%
27.16% 26.63%
25.54% 25.01% 25.42%
5.00 %
25 .0 0%
26.16% 26.12% 25.52%
24.53% 24.31%
23.90% 0.00 %
20.14%
20 .0 0%
-5.00 %
19.06%
DPO DPO DPO
DPO
-10 .0 0%
85%
15 .0 0%
85% ~86%
DPO ~80% -15 .0 0%
14.63% 65% 2.5% Capital
10 .0 0% DPO Conservation Buffer
MINIMUM 60% -20 .0 0%
2.5% Capital Surcharge
REGULATORY on Systemic Bank
REQUIREMENT 5.00 % -25 .0 0%
2020 2021 2022 2023 2024 1H25 9M25 9.63% CAR based on
Risk Profile
Tier 1 CAR Tier 2 CAR Total CAR ROE B/S
Leverage (x) 7.0 5.8 6.1 6.2 6.2 6.5 6.3
• As of Jan, ’23, as part of the implementation of Basel 3, the change on RWA of Operational & Credit Risk adds 329bps to BRI total CAR
• Starting in January 2024, we implemented the Basel III calculation of RWA market risk, which has a negative impact of 49bps t o total CAR
25
• BRI distributed a full-year dividend of Rp343 per share on April 23, 2025 (including an interim dividend of Rp135 per share that has been paid
on Jan 15, 2025)
*In compliance with OJK regulations, our calculation of consolidated financial ratios moved to monthly from quarterly starting in Jan-24. All calculations for 2024 and 2023 are adjusted for monthly data. 25
Page 25
LOAN QUALITY
26
Page 26
LOAN QUALITY
NPLs rose across all segments except corporate, while Micro SMLs showed improvement
Non-Performing Loan – by Segment Special Mention – by Segment
Segment 9M25 9M24 1H25 2024 2023 2022 2021 2020 Segment 9M25 9M24 1H25 2024 2023 2022 2021 2020
Micro 3.96% 3.03% 3.86% 2.85% 2.47% 1.74% 1.49% 0.83% Micro 6.62% 6.82% 6.76% 6.20% 5.72% 3.95% 3.03% 2.47%
Consumer 2.50% 2.08% 2.25% 1.97% 1.97% 1.83% 1.78% 1.49% Consumer 2.96% 2.92% 2.66% 2.38% 2.84% 2.76% 2.20% 2.69%
SME 5.03% 4.64% 4.96% 4.42% 4.88% 4.30% 4.05% 3.61% SME 6.09% 5.89% 6.19% 4.74% 5.15% 4.30% 3.42% 3.19%
Commercial 2.30% 1.94% 2.54% 2.50% 2.56% 2.26% 3.57% 4.61% Commercial 2.48% 4.18% 2.92% 1.90% 2.52% 2.55% 3.08% 3.07%
Corporate 1.59% 2.52% 1.61% 2.60% 3.86% 4.68% 6.68% 7.57% Corporate 3.32% 3.84% 3.43% 3.72% 4.67% 4.32% 6.94% 2.85%
Bank Only - NPL% 3.29% 3.04% 3.23% 2.94% 3.12% 2.82% 3.08% 2.94% Bank Only - SML% 4.96% 5.30% 5.06% 4.63% 4.87% 3.87% 3.70% 2.75%
Subsidiaries - Subsidiaries -
1.28% 1.54% 1.39% 1.46% 1.20% 1.24% 2.08% 2.49% 5.04% 7.40% 5.47% 6.44% 4.84% 3.90% 4.68% 6.00%
NPL% SML%
Consolidated - Consolidated -
3.08% 2.90% 3.04% 2.78% 2.95% 2.67% 3.00% 2.88% 5.00% 5.56% 5.15% 4.82% 4.90% 3.90% 3.81% 3.13%
NPL % SML %
27
Page 27
HISTORICAL NPL & LAR DATA
Provisions Are Maintaining an Elevated Stance, With LAR Coverage Remaining Strong
NPL & NPL Coverage LAR & LAR Coverage
35
00. 0%
LAR % LAR Coverage
305.73% 70
. 0%
300. 0%
281.16% 55.94%
60
. 0%
54.14% 53.17% 52.64%
49.40%
229.09%
25
00. 0%
239.20% 50
. 0%
215.01%
10
. 0%
40
. 0% 36.14%
8.61% 8.61%
9.0%
0
200. 0%
8.17% 188.84% 183.09% 28.26%
30
. 0%
8.0%
0
6.75% 20
. 0%
25.77%
00.7.0%
15 0
23.31%
5.98% 5.74% 5.63%
10
. 0%
16.54%
6.0%
0
Average LLR 2010 – 2019 12.47% 10.70% 10.80% 10.70%
0.0%
0
100. 0%
4.10%
300
.0
5.00
%
248.9 243.0
160
.0
3.00% 3.04% 3.08%
2.95%
4.0%
0
50
. 0%
2.88% 2.78%
250
.0
140
.0
3.0%
0
2.67% 3.0%
0
120
.0
200
.0
188.4
2.5%
0
157.9
0.0%
0
153.8
2.0%
0
93.1 144.9 153.0
100
.0
87.8 85.5 172.1
1.0%
0
81.1 81.4 80.9
2.0%
0
150
.0
195.2
80.0
70.4 113.6 58.5 37.0 37.6
0.0%
0
1.5%
0 42.0
60.0 100
.0
1.0%
0
72.9 71.9
40.0
62.1 65.3
50.0
39.7 44.4
43.1 44.2
0.5%
0
24.3
37.3 37.7
20.0
29.4 31.2 30.4 37.3 37.7 43.1 44.2
- 0.00
% -
29.4 31.2 30.4
1 2 3 4 5 6 7
2020 2021 2022 2023 2024 1H25 9M25 2020 2021 2022 2023 2024 1H25 9M25
Provision (IDR Tn) NPL (IDR Tn) NPL % NPL Coverage NPL SML Restruct. - Current Coll.
LLR
Since 2021, LAR and LAR Coverage are presented in consolidated number 28
Page 28
CREDIT COST, WRITE OFF, AND RECOVERY
Net CoC Declined by 29bps QoQ
Credit Cost Write Off & Recovery
80.0 5.0%
0
3.58%
70.0 4.0%
0
3.48% 3.40%
3.23% 3.24% 55
.0 60
.0
%
55.7% 55.9%
60.0 3.0%
0
2.55% 50.8% 50.6%
2.37% 49.5%
2.71% 2.70% 45
.0 50
.0
%
45.4 44.5%
43.6%
50.0 2.0%
0
1.32% 1.93%
1.79%
35
.0 40
.0
%
40.0
1.41% 43.0 1.0%
0
34.0 34.4
0.98%
36.6
34.0
30.0
32.8 0.0%
0 25
.0 30
.0
%
25.4
27.6 27.9 28.7 23.3
22.4
25.5
20.0 23.6 -10. 0%
15
.0 17.8 16.8
20
.0
%
17.6 18.7 15.3
14.3
15.4 12.5
13.4 10.2
11.9
10.0 -20. 0%
9.0
5.0
7.3 10
.0
%
- -30. 0%
2020 2021 2022 2023 2024 1H25 9M25 2020 2021 2022 2023 2024 1H25 9M25
-50. 0.0%
Provision Exp. - Loan (Rp Tn) Provision Exp. - Net - Loan (Rp Tn)
Write-Off (Rp Tn) Recovery Income (Rp Tn) Recovery Rate
CoC % Coc Net %
*In compliance with OJK regulations, our calculation of consolidated financial ratios moved to monthly from quarterly starting in Jan-24. All calculations for 2024 and 2023 are adjusted for monthly data. 29
Page 29
ULTRA MICRO &
MICRO BUSINESS
30
Page 30
THE ULTRA MICRO ECOSYSTEM
Pegadaian Loans Up 29.4% YoY, Driving UMi Loans to Rp632.1 Trillion
Loan Composition - Outstanding (Rp Tn) # Borrowers (in Mn)
BRI Micro Pegadaian PNM 0.7% YoY BRI Micro Pegadaian PNM Total 4.3% YoY
626.6 627.6 632.1 36.9 35.9 36.1
611.2 35.3 34.5
551.3 50.0 48.8 50.2 2.8% 31.0
47.1
483.9 42.6 67.6 85.4 83.0 107.4 -8.5%
14.0 15.2 14.5 14.6
59.1 29.4% 13.4
34.5 11.2
52.4
7.0 7.7 8.3 8.2 8.6 4.5%
6.6
496.6 491.2 495.8 -4.3%
449.6 474.5
397.0
351.4
13.3 14.4 14.0 13.1 13.3 12.6 -4.9%
11.7
2020 2021 2022 2023 2024 9M24 9M25 2020 2021 2022 2023 2024 9M24 9M25
Key Ratios
BRI Pegadaian PNM
Description
2021 2023 9M24 2024 1H25 9M25 2021 2023 9M24 2024 1H25 9M25 2021 2023 9M24 2024 1H25 9M25
Cost of Fund 2.1% 2.9% 3.6% 3.6% 3.4% 3.4% 6.0% 5.9% 6.2% 6.3% 6.3% 6.4% 8.6% 6.8% 6.5% 6.6% 6.3% 6.3%
Credit Cost 3.4% 2.4% 3.3% 3.2% 3.5% 3.3% 1.4% -0.3% 1.5% 0.7% 1.6% 1.1% 2.0% 5.5% 7.6% 6.5% 4.3% 5.0%
CIR 43.3% 37.7% 37.6% 37.0% 38.5% 38.1% 62.8% 59.4% 50.5% 53.0% 51.0% 52.1% 74.6% 63.4% 59.6% 59.7% 63.8% 68.1%
Pegadaian, PNM’s Cost Of Fund (COF) calculated by dividing annualized interest expense with average monthly Interest-Bearing Liabilities
PNM’s financing outstanding include financing disbursed to LKMS (Syariah Micro Financing Institution) and venture capital 31
Page 31
BRI MICRO BUSINESS PERFORMANCE
Asset Quality and Recovery in Focus
Micro Loan Outstanding (Rp Tn) # Borrowers (in Mn) # Borrowers per Loan Officer
600. 57
50. 16
.0 15
.0
496.6 491.2 495.8 14.4 14.0
474.5 13.3 13.1 13.3
449.6
14
.0
0.6 0.5 12.6
13
.0
0.5
500. 47
50.
11.7 0.7 0.5
397.0 64.3 59.7 60.2 2.8 0.4
59.2
12
.0 11
.0
351.3 68.9 0.8 2.8 4.7
60
528
400. 37
50.
4.5 4.5 519
10
.0
4.2 9.0
488 482 486 476
74.9 3.4 430
50
129.2 212.3 200.2 204.6 184.9
300.
79.9 27
50. 8.0 7.0
40
131.8 6.0 5.0
144.7 10.9
30
200. 17
50.
9.8
8.8 8.1 8.2 8.0
7.5
4.0 3.0
20
251.5 219.9 231.3 231.1 230.4
190.3
100. 75
.0
126.7
2.0 1.0
10
0.0 -25.0 0.0 -10. 0
2020 2021 2022 2023 2024 9M24 9M25 2020 2021 2022 2023 2024 9M24 9M25 2020 2021 2022 2023 2024 9M24 9M25
KUR Kupedes Briguna KUR Kupedes Briguna
Growth YoY Growth YoY Loan OS per Loan Officer (in Bn)
Product 2020 2021 2022 2023 2024 9M24 9M25 Product 2020 2021 2022 2023 2024 9M24 9M25 20.0
18.4 18.1 18.2 17.9
18.0
16.5
KUR 82.8% 50.1% 32.2% -12.6% 5.2% 4.3% -0.3% KUR 31.4% 31.1% 10.8% -19.1% -7.9% -2.9% -3.2%
16.0
14.6
14.0 12.9
12.0
Kupedes -6.8% -8.9% -1.9% 64.3% -5.7% -5.6% -9.6% Kupedes -12.8% -19.5% 2.7% 64.7% -3.9% -3.7% -7.7% 10.0
8.0
Briguna -4.0% -6.3% -8.0% -6.7% -7.1% -3.8% -1.6% Briguna -9.8% -10.1% -13.6% -12.6% -13.2% -6.4% -8.9% 6.0
4.0
Total 14.2% 13.0% 13.3% 10.4% -1.1% -1.0% -4.3% Total 11.4% 13.5% 7.8% -2.2% -6.7% -3.3% -4.9% 2.0
-
2020 2021 2022 2023 2024 9M24 9M25
*) Bank only numbers 32
Page 32
KUPEDES DISBURSEMENT & QUALITY
Current Standing of Historical Disbursement as of 9M25 (Rp Bn)
1Q23 2Q23 3Q23 4Q23 FY23 1Q24 2Q24 3Q24 4Q24 FY24 1Q25 2Q25 3Q25 9M25
Disbursement 59,256 46,736 50,258 45,327 201,577 37,942 28,413 28,808 30,824 125,987 30,998 27,121 25,231 83,350
Write-Off 4,317 2,726 2,500 1,408 10,950 969 313 33 - 1,316 - - - -
Payment 46,944 34,447 35,525 29,250 146,166 23,113 16,089 14,846 11,718 65,767 9,139 2,721 1,491 13,351
Historical Disbursement Asset Quality Breakdown & Vintages (Rp Bn)
1Q23 2Q23 3Q23 4Q23 FY23 1Q24 2Q24 3Q24 4Q24 FY24 1Q25 2Q25 3Q25 9M25
Remaining Loan OS 7,995 9,563 12,233 14,670 44,460 13,859 12,011 13,928 19,106 58,904 21,859 24,400 23,741 70,000
SML 1,843 1,926 2,376 2,692 8,837 2,482 1,708 1,978 1,703 7,871 1,230.12 207.09 12.42 1,450
NPL 1,303 1,224 1,556 1,669 5,752 1,576 1,041 740 588 3,946 118.49 16.57 0.04 135
Total Restructured* 2,069 2,059 2,269 2,413 8,809 1,922 1,116 891 571 4,499 261.09 14.02 0.10 275
Avg. DG to SML (6 MOB) 5.92% 5.45% 6.86% 6.82% 6.26% 4.63% 3.89% 5.55% 5.69% 4.95% 4.57% n.a. n.a. 4.57%
*incl. Current, SML & NPL under restructured
• Based on vintage analysis of average DG to SML (6 MOB), 2024 Kupedes has better asset quality compared to 2023 Kupedes, albeit we are
still monitoring 2024 Kupedes as it has not fully seasoned.
33
Page 33
THANK YOU PT BANK RAKYAT INDONESIA (Persero) Tbk. Investor Relations 7th floor BRI II Building Jl. Jenderal Sudirman No. 44-46 Jakarta 10210 Indonesia Phone : 62 21 5752006/09, 5751952/79 Website : www.ir-bri.com Email : ir@bri.co.id
Names mentioned 3 people and organisations named in the text · linked when the evidence is strong
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org
Sep-25
International
p.5
unresolved
org
Bank REQUIREMENT
p.24
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