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Page 1
Mempersiapkan
Masa Depan Keuangan
dengan Tujuan Jelas
Futureproofing Finance
with Purpose
2025
Laporan Tahunan
Annual Report
PT Sinar Mas Multiartha Tbk
Page 2
Sanggahan dan Batasan Tanggung Jawab
Disclaimer and Scope of Responsibility
Laporan Tahunan 2025 PT Sinar Mas Multiartha Tbk (yang The 2025 Annual Report of PT Sinar Mas Multiartha Tbk
selanjutnya disebut “Sinar Mas Multiartha” atau “Perseroan”) (hereinafter referred to as “Sinar Mas Multiartha” or “the Company”)
disusun berdasarkan Peraturan Otoritas Jasa Keuangan was prepared based on Financial Services Authority Regulation
No. 29/POJK.04/2016 tentang Laporan Tahunan Emiten atau No. 29/POJK.04/2016 on Annual Reports of Issuers or Public
Perusahaan Publik serta Peraturan Otoritaas Jasa Keuangan Companies as well as Financial Services Authority Regulation
No. 51/POJK.03/2017 tentang Penerapan Keuangan Berkelanjutan No. 51/POJK.03/2017 on the Implementation of Sustainable Finance
bagi Lembaga Jasa Keuangan, Emiten, dan Perusahaan Publik. for Financial Services Institutions, Issuers, and Public Companies.
Muatan konten laporan ini sesuai dengan Surat Edaran Otoritas The content of this report is in accordance with Financial Services
Jasa Keuangan No. 16/SEOJK.04/2021 tentang Bentuk dan Isi Authority Circular Letter No. 16/SEOJK.04/2021 on the Form and
Laporan Tahunan Emiten atau Perusahaan Publik. Content of the Annual Report of Issuers or Public Companies.
Laporan ini memuat informasi terkait prinsip-prinsip This report contains information related to sustainability
keberlanjutan dalam seluruh aspek bisnis yang dijalankan serta principles in all aspects of the current ongoing business and
kinerja ekonomi, sosial, dan lingkungan Perseroan selama the Company’s economic, social, and environmental performance
periode 1 Januari 2025 hingga 31 Desember 2025, disertai for the period of 1 January 2025 to 31 December 2025,
dengan perbandingan kinerja tahun-tahun sebelumnya. Selain completed with a comparison of the performance of
itu, Laporan Tahunan ini juga menyajikan informasi terkait the previous years. In addition, this Annual Report also presents
proyeksi kerja Perseroan di tahun selanjutnya yang disusun information related to the Company’s work projections for
berdasarkan pernyataan-pernyataan prospektif dan berbagai the following year, compiled based on prospective statements
asumsi mengenai kondisi mendatang Perseroan, serta and various assumptions on the Company’s future conditions,
lingkungan bisnis yang terkait, sehingga dapat mengakibatkan as well as the related business environment, which may result
perkembangan aktual secara material berbeda dari yang in actual developments that are materially different from those
dilaporkan. Oleh karena itu, Perseroan mengimbau agar reported. Therefore, the Company urges stakeholders to use
pemangku kepentingan dapat menggunakan informasi tersebut the information with discretion in decision-making.
secara bijak dalam pengambilan keputusan.
Informasi lebih lanjut terkait laporan ini dan muatan di dalamnya Further information regarding this report and its contents can be
dapat diperoleh melalui: obtained through:
Sekretaris Perusahaan / Corporate Secretary
Menara Tekno Lt. 7 / 7th Fl.
Jl. Fachruddin No. 19, Jakarta Pusat / Central Jakarta 10250
(021) 392 5660 (021) 392 5788 multiartha@smma.co.id www.smma.co.id
Tentang Laporan Tahunan 2025 PT Sinar Mas Multiartha Tbk
Brief Information on the 2025 Annual Report of PT Sinar Mas Multiartha Tbk
Laporan Tahunan 2025 PT Sinar Mas Multiartha Tbk merupakan The 2025 Annual Report of PT Sinar Mas Multiartha Tbk is
Laporan Tahunan ke-30 yang diterbitkan Perseroan. Tujuan utama the 30th Annual Report issued by the Company. The main
Laporan Tahunan ini disusun untuk meningkatkan keterbukaan objective of this Annual Report is to improve the Company’s
informasi Perseroan kepada para pemangku kepentingan. Selain information disclosure to its stakeholders. In addition, this Annual
itu, Laporan Tahunan ini juga disusun untuk memenuhi ketentuan Report is also compiled to meet the Company’s performance
pelaporan hasil kinerja Perseroan kepada regulator. result reporting requirement to the regulators.
Laporan Tahunan ini disajikan dalam 2 bahasa, yaitu Bahasa This Annual Report is presented in 2 languages, Indonesian
Indonesia dan Bahasa Inggris dengan menggunakan jenis dan and English, and uses font type and size that are easy
ukuran huruf yang mudah dibaca. Laporan Tahunan ini tersedia to read. This Annual Report is available in a good quality
dalam bentuk cetakan dengan kualitas yang baik, serta dalam printed form, as well as in an electronic form that
bentuk elektronik yang dapat dilihat dan diunduh di situs web resmi can be viewed and downloaded from the Company’s official
Perseroan, yaitu www.smma.co.id. website, www.smma.co.id.
Page 3
Laporan Tahunan 2025
2025 Annual Report
Mempersiapkan
Masa Depan Keuangan
dengan Tujuan Jelas
Futureproofing Finance
with Purpose
2025
Laporan Tahunan
Annual Report
Komitmen PT Sinar Mas Multiartha Tbk tidak The commitment of PT Sinar Mas Multiartha Tbk
sekadar mengikuti perubahan, tetapi secara proaktif is not merely to follow change, but to proactively
membentuk masa depan industri jasa keuangan shape the future of the financial services
dengan fondasi yang berkelanjutan. “With purpose” industry with a sustainable foundation. “With
menekankan bahwa setiap langkah strategis yang purpose” emphasizes that every strategic
diambil didasari oleh nilai dan tanggung jawab sosial step taken is based on clear values and social
yang jelas. Dengan memperkuat inklusi keuangan, responsibility. By strengthening financial
mendorong inovasi layanan berbasis teknologi, inclusion, encouraging technology-based service
serta menerapkan prinsip ESG secara menyeluruh, innovation, and implementing ESG principles
Perseroan memposisikan diri sebagai pelaku utama comprehensively, the Company positions itself
dalam membangun ekosistem keuangan yang as a key player in building a financial ecosystem
berdampak positif. Hal ini juga mencerminkan tekad that delivers positive impact. This also reflects
Perseroan dalam menyeimbangkan pertumbuhan the Company’s determination to balance economic
ekonomi dengan kontribusi nyata bagi masyarakat growth with real contributions to society and
dan lingkungan. the environment.
PT Sinar Mas Multiartha Tbk - 1
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Pendahuluan
Premilinary
Ulasan Tahun 2025
2025 Year in Review
Kinerja Ekonomi
Economic Performance
Total Aset Pendapatan Laba Tahun Berjalan
Total Assets Income Profit for the Year
Rp
120.39 Rp
36.60 Rp
2.10
triliun / trillion triliun / trillion triliun / trillion
1.07% 17.59% 107.42%
YoY YoY YoY
Kinerja Lingkungan1)
Environmental Performance1)
Pembiayaan Hijau Penggunaan Energi Emisi yang Dihasilkan
Green Financing Energy Consumption Emissions Generated
Rp
5.22 30,752.30 5,591.53
miliar / billion GJ TonCO2eq
1) Data beberapa Entitas Anak sebagaimana diungkapkan pada Bab Laporan Keberlanjutan. / Data from several Subsidiaries’ as disclosed in the Sustainability Report Chapter.
2 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
Kinerja Sosial
Social Performance
Tingkat Perputaran
Karyawan
Employee Turnover
5.41%
Kegiatan Pengembangan Sosial dan
Kemasyarakatan
Social and Community Development Activities
6 Program
Programs
Biaya Pelaksanaan Pengembangan
Sosial dan Kemasyarakatan2)
Costs of Implementing Social and Community
Development2)
Rp
5.85 miliar
billion
2) Data Perseroan dan beberapa Entitas Anak sebagaimana diungkapkan pada Bab Laporan Keberlanjutan. / Data from the Company and several Subsidiaries’ as disclosed in
the Sustainability Report Chapter.
PT Sinar Mas Multiartha Tbk - 3
Page 6
Pendahuluan
Premilinary
Daftar Isi
Tabel of Contents
Bidang Usaha / Line of Business 74
Strategi Keberlanjutan / Sustainability Strategy 6
Wilayah Operasional / Operational Areas 75
Penentuan Isi dan Topik Material / Determination of
8 Struktur Korporasi / Corporate Structure 76
Material Content and Topic
Pelibatan Pemangku Kepentingan / Stakeholder Informasi Entitas Anak dan Entitas Asosiasi / Information on
8 Subsidiaries and Associates
78
Engagement
Penentuan Topik Material / Determination of Alamat Perusahaan, Entitas Anak, dan Entitas Asosiasi / Address
12 of the Company, Subsidiaries, and Associates
170
Material Topics
Verifikasi oleh Pihak Independen / Independent Komposisi Pemegang Saham / Shareholders Composition 172
14
Verification
Pemegang Saham Utama dan Pengendali / Main and Controlling
174
Shareholders
Realisasi Penggunaan Dana Hasil Penawaran Umum / Realization
Kilas Kinerja of Public Offering Proceeds Utilization
175
Performance Highlights Program Kepemilikan Saham oleh Karyawan dan/atau
Manajemen / Employee and/or Management Stock Ownership 176
Program
Ikhtisar Kinerja Keberlanjutan / Sustainability Performance Kronologi Pencatatan Saham / Chronological Listing of Shares 176
18
Highlights
Kebijakan dan Pembagian Dividen / Dividend Policy and
179
Ikhtisar Saham / Share Highlights 26 Distribution
Ikhtisar Obligasi / Bonds Highlights 28 Kronologi Pencatatan Obligasi / Chronological Listing of Bonds 180
Penghargaan / Awards 29 Lembaga Penunjang Pasar Modal / Capital Market Supporting
182
Institution
Keanggotaan Asosiasi / Association Membership 29
Informasi pada Situs Web Perseroan / Information on
Peristiwa Penting / Significant Events 30 183
the Company’s Website
Sumber Daya Manusia / Human Resources 184
Laporan Manajemen
Management Report
Analisis dan Pembahasan
Laporan Dewan Komisaris / Report from the Board of Manajemen
34
Commissioners Management Discussion and Analysis
Laporan Direksi / Report from the Board of Directors 40
Profil Dewan Komisaris / Profile of the Board of Commissioners 50
Tinjauan Ekonomi / Economic Overview 192
Profil Direksi / Profile of the Board of Directors 54
Tinjauan Industri / Industry Overview 193
Tinjauan Operasional / Operational Overview 194
Profil Perusahaan Strategi Pengembangan Usaha Tahun 2025 / Business
Development Strategy of 2025
194
Company Profile
Tinjauan Segmen Usaha / Business Segment Overview 194
Tinjauan Keuangan / Financial Overview 199
Identitas Perusahaan / Corporate Identity 64
Laporan Posisi Keuangan Konsolidasian / Consolidated
199
Riwayat Singkat / Brief History of the Company 66 Statement of Financial Position
Struktur Organisasi / Organization Structure 67 Laporan Laba Rugi dan Penghasilan Komprehensif Lain
Konsolidasian / Consolidated Statement of Profit or Loss 202
Jejak Langkah / Milestones 68 and Other Comprehensive Income
Visi, Misi, dan Nilai Perusahaan / Vision, Mission, and Laporan Arus Kas Konsolidasian / Consolidated Statements
72 205
Corporate Values of Cash Flows
4 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
Rasio Keuangan / Financial Ratio 206 Komite Audit / Audit Committee 254
Struktur Permodalan / Capital Structure 207 Komite Nominasi dan Remunerasi / Nomination and
261
Remuneration Committee
Investasi Barang Modal / Capital Goods Investment 208
Sekretaris Perusahaan / Corporate Secretary 266
Ikatan Material terkait Investasi Barang Modal / Material
208
Commitment related to Capital Goods Investment Audit Internal / Internal Audit 268
Informasi dan Fakta Material mengenai Investasi, Ekspansi, Sistem Pengendalian Internal / Internal Control System 272
Divestasi, Akuisisi atau Restrukturisasi Utang/Modal / Material
213 Sistem Manajemen Risiko / Risk Management System 274
Information and Facts related to Investment, Expansion,
Divestment, Acquisition, and Debt/Capital Restructuring
Tata Kelola Teknologi Informasi / Information Technology
280
Transaksi Material yang Mengandung Benturan Kepentingan Governance
atau Transaksi dengan Pihak Berelasi / Material Transactions 214
Kode Etik / Code of Ethics 280
Having Conflict of Interest or Transactions with Affiliates
Budaya Perusahaan / Corporate Culture 282
Komitmen dan Kontinjensi / Commitments and Contingency 215
Pengendalian Gratifikasi dan Anti-Korupsi / Gratification Control
Instrumen Keuangan Derivatif dan Aktivitas Lindung Nilai / 282
217 and Anti-Corruption
Derivative Financial Instrument and Hedging Activities
Pemberian Dana untuk Kegiatan Sosial Politik / Funding of
Aspek Pemasaran / Marketing Aspect 217 282
Political Activities
Perbandingan Target dan Realisasi 2025 serta Target 2026 /
217 Perkara Penting dan Sanksi Administratif / Significant Cases
Target Comparison and Realization of 2025 and Target of 2026 283
and Administrative Sanction
Prospek Usaha 2026 / Business Prospect of 2026 218
Larangan Transaksi Orang Dalam / Prohibition of Insider Trading 283
Strategi Usaha 2026 / Business Strategy of 2026 219
Penanganan Benturan Kepentingan / Conflict of Interest Handling 284
Informasi Material Setelah Tanggal Laporan Akuntan / Material
219 Sistem Pelaporan Pelanggaran / Whistleblowing System 285
Information After the Date of the Accountant Report
Perubahan Peraturan Perundang-Undangan yang Berdampak
Signifikan terhadap Perusahaan / Amendment to Laws and 219
Regulations with Significant Impact to Company
Perubahan Kebijakan Akuntansi / Changes in Accounting Policy 219 Laporan Keberlanjutan
Sustainability Report
Tata Kelola Perusahaan Tata Kelola Keberlanjutan / Sustainability Governance 288
Aspek Sosial / Social Aspect 290
Corporate Governance
Aspek Lingkungan / Environmental Aspect 333
Komitmen dan Penerapan GCG / Commitment and
222
Implementation of GCG
Tujuan Penerapan GCG / Objective of GCG Implementation 223
Tanggung Jawab Laporan Tahunan / Annual Report
Struktur dan Mekanisme Penerapan GCG / Structure and 345
224 Responsibility
Mechanism of GCG Implementation
Tanggapan terhadap Umpan Balik Tahun Sebelumnya /
Penerapan Pedoman Tata Kelola Perusahaan Terbuka / 346
225 Responses to Previous Year’s Report Feedback
Implementation of Public Company Governance Guideline
Lembar Umpan Balik / Feedback Form 347
Rapat Umum Pemegang Saham / General Meeting of
229
Shareholders Indeks Pengungkapan Kriteria
POJK No. 51/POJK.03/2017 / POJK Criteria Disclosure 349
Dewan Komisaris / Board of Commissioners 238 Index No. 51/POJK.03/2017
Direksi / Board of Directors 244 Daftar Pengungkapan Metrik Pelaporan ESG / List of
352
Disclosure of ESG Metrics Reporting
Kebijakan Nominasi dan Remunerasi Dewan Komisaris dan
Direksi / Board of Commissioners and Board of Directors 252 Laporan Keuangan / Financial Report 354
Nomination and Remuneration Policy
PT Sinar Mas Multiartha Tbk - 5
Page 8
Pendahuluan
Premilinary
STRATEGI KEBERLANJUTAN [POJK.51-A.1]
Sustainability Strategy
Perseroan bersama Entitas Anak secara konsisten mengintegrasikan prinsip keberlanjutan dalam
setiap lini bisnis. Strategi ini berfokus pada terciptanya keseimbangan antara kinerja ekonomi,
tanggung jawab sosial, dan kelestarian lingkungan, sehingga mampu menghasilkan nilai jangka
panjang yang berkelanjutan serta mendukung pencapaian Tujuan Pembangunan Berkelanjutan
(Sustainable Development Goals/SDGs).
The Company and its Subsidiaries consistently integrate sustainability principles across all
business lines. This strategy focuses on achieving a balance between economic performance, social
responsibility, and environmental preservation, thereby creating long-term sustainable value and
supporting the achievement of the Sustainable Development Goals (SDGs).
Keberlanjutan Kinerja Ekonomi
Economic Performance Sustainability
Mendukung Perkembangan Ekonomi yang Berkelanjutan
Supporting a Sustainable Economic Development
Target 2025 2025 Targets
• Peningkatan pencapaian kinerja keuangan dan operasional dibandingkan • Improved achievements of financial and operational performances
tahun sebelumnya; serta compared to the previous year; and
• Peningkatan kondisi ekonomi masyarakat di sekitar wilayah operasional. • Improved economic condition of the communities surrounding
the operational areas.
Kegiatan Activities
• Mempertahankan kinerja keuangan dan operasional; • Maintaining financial and operational performances;
• Mendistribusikan manfaat ekonomi bagi para pemangku kepentingan; • Distributing economic benefits to the stakeholders; and
serta
• Melaksanakan pemberdayaan masyarakat yang menunjang peningkatan • Implementing community empowerment that supports the improvement
kesejahteraan dan ekonomi masyarakat lokal. of the local community’s welfare and economy.
Strategi Pencapaian Achievement Strategy
• Memastikan masing-masing Entitas Anak menyediakan produk • Ensuring every Subsidiary provides varied and quality products and/or
dan/atau jasa yang bervariasi dan berkualitas; serta services; and
• Melaksanakan berbagai program pemberdayaan masyarakat yang • Implementing various community empowerment programs that assists
membantu peningkatan perekonomian masyarakat sekitar. the improvement of economy of the surrounding community.
Keberlanjutan Kinerja Sosial
Social Performance Sustainability
Mendorong Formalisasi dan Pertumbuhan Usaha Mikro, Kecil, dan Menengah (UMKM), Termasuk melalui Akses terhadap
Jasa Keuangan
Encouraging the Formalization and Growth of the Micro, Small, and Medium Enterprises (MSMEs), Including through Access
of Financial Services
Target 2025 2025 Targets
Konsisten dalam pembiayaan atau penyaluran kredit kategori kegiatan Consistent in financing or loan disbursement under the sustainable
usaha berkelanjutan (KKUB). business activities category (KKUB).
Kegiatan Activities
• Menyelenggarakan program edukasi, literasi, dan inklusi keuangan; serta • Organizing financial education, literacy, and inclusion programs; and
• Memudahkan akses pembiayaan dan penyaluran kredit untuk UMKM. • Facilitating access to financing and loan disbursement for MSMEs.
6 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
Keberlanjutan Kinerja Sosial
Social Performance Sustainability
Strategi Pencapaian Achievement Strategy
• Meningkatkan pemahaman masyarakat mengenai produk-produk jasa • Improving public understanding of financial service products; and
keuangan; serta
• Meningkatkan jumlah dana yang disalurkan kepada UMKM, khususnya • Improving the amount of funds distributed to MSMEs, especially those
yang berwawasan lingkungan. with environmental insight.
Melindungi Hak-Hak Karyawan dan Menciptakan Lingkungan Kerja yang Layak bagi Seluruh Karyawan
Protecting Employee Rights and Creating a Decent Work Environment for All Employees
Target 2025 2025 Targets
• Tingkat kecelakaan kerja nol (zero accident); serta • Zero accident; and
• Pemberian remunerasi yang sesuai dan kompetitif. • Provision of appropriate and competitive remuneration.
Kegiatan Activities
• Menyediakan lingkungan kerja yang layak dan nyaman; serta • Providing decent and comfortable work environment; and
• Memenuhi hak setiap karyawan, termasuk pemberian remunerasi yang • Fulfilling the rights of every employee, including provision of
mempertimbangkan tanggung jawab kerja dan peraturan pemerintah remuneration that considers the work responsibility and local
setempat. government regulation.
Strategi Pencapaian Achievement Strategy
• Memberikan remunerasi yang sesuai dengan peraturan pemerintah • Providing remuneration in line with the government regulation and
dan ketentuan Perseroan; the Company’s provision;
• Menyediakan sarana dan prasarana kesehatan dan keselamatan kerja • Providing occupational health and safety (OHS) facilities and/or
(K3); infrastructure;
• Menetapkan kebijakan protokol kesehatan; serta • Establishing health protocol policies; and
• Mengikutsertakan karyawan dalam berbagai program pengembangan • Involving employees in various competency development programs.
kompetensi.
Keberlanjutan Kinerja Lingkungan
Environmental Performance Sustainability
Mencapai Pengelolaan Berkelanjutan dan Pemanfaatan Sumber Daya Alam secara Efisien
Achieving Sustainable Management and Efficient Use of Natural Resources
Target 2025 2025 Targets
• Penurunan biaya pemakaian listrik, air, dan bahan bakar minyak; serta • Reduced costs of electricity, water, and fuels; and
• Penurunan penggunaan kertas. • Reduced paper usage.
Kegiatan Activities
• Menggunakan pendingin ruangan yang ramah lingkungan; • Using environmentally-friendly air conditioners;
• Menghentikan penggunaan lampu penerangan di seluruh jaringan • Stopping the use of lighting throughout the Company’s network at
Perseroan pukul 12.00-13.00 waktu lokal; 12.00-13.00 local time;
• Mengurangi dan meminimalkan penggunaan kertas dengan • Reducing and minimizing paper usage and switch to internet usage;
mengalihkannya ke penggunaan internet; serta and
• Memanfaatkan layanan teleconference untuk melakukan pengawasan • Utilizing teleconference service to monitor and coordinate operational
dan koordinasi kegiatan operasional. activities.
Strategi Pencapaian Achievement Strategy
• Menyosialisasikan efisiensi penggunaan listrik, bahan bakar minyak, air, • Socializing the efficient usage of electricity, fuels, water, and paper; and
dan kertas; serta
• Melaksanakan inisiatif secara konsisten dan berkesinambungan. • Consistent and sustainable implementation of the initiatives.
PT Sinar Mas Multiartha Tbk - 7
Page 10
Pendahuluan
Premilinary
PENENTUAN ISI DAN TOPIK MATERIAL
Determination of Material Content and Topic
Pelibatan Pemangku Kepentingan [POJK.51-E.4]
Stakeholder Engagement
Dalam menjalankan bisnis yang berkelanjutan, keterlibatan In implementing sustainable business practices, stakeholder
pemangku kepentingan memegang peranan strategis dalam engagement plays a strategic role in building mutually
membentuk hubungan yang saling mendukung, menjawab supportive relationships, addressing stakeholder expectations,
harapan mereka, sekaligus memperkuat efektivitas praktik and strengthening the effectiveness of sustainability practices.
keberlanjutan. Sejalan dengan hal tersebut, Perseroan melakukan In line with this, the Company identifies relevant stakeholder
identifikasi terhadap kelompok pemangku kepentingan yang groups based on the AA1000 Stakeholder Engagement
relevan berdasarkan pedoman AA1000 Stakeholder Engagement Standard (SES) 2015, as follows.
Standard (SES) 2015, sebagai berikut.
Pengaruh / Influence
Pihak yang memberikan pengaruh terhadap pengambilan keputusan yang dilakukan Perseroan terkait keberlangsungan
usaha.
Party influencing the Company’s decision-making regarding business continuity.
Ketergantungan / Dependency
Perseroan memiliki ketergantungan kepada pihak tersebut, baik secara langsung maupun tidak langsung.
The Company is dependent on such party, either directly or indirectly.
Tanggung Jawab / Responsibility
Perseroan memiliki tanggung jawab kepada pihak tersebut baik saat ini maupun di masa yang akan datang.
The Company is responsible to such party both now and in the coming future.
Perhatian / Attention
Pihak yang perlu diperhatikan Perseroan dalam aspek ekonomi, sosial, dan lingkungan hidup.
Party that the Company should consider on economic, social, and environmental aspects.
Perspektif / Perspective
Pihak yang dapat memberikan sudut pandang baru yang sebelumnya belum ada terhadap isu penting yang relevan.
Party that may provide a new perspective previously unavailable to the important relevant issue.
8 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
Sebagai tindak lanjut dari proses identifikasi, Perseroan As a follow-up to the identification process, the Company
telah memetakan kelompok pemangku kepentingan dan has mapped the stakeholder groups and formulated relevant
merumuskan respons yang relevan terhadap kebutuhan responses to their needs, as presented below.
mereka, sebagaimana disajikan berikut.
Pemegang Saham dan Investor
Shareholders and Investors
Dasar Pemilihan Basis for Selection
• Tanggung jawab; • Responsibility;
• Perspektif; serta • Perspective; and
• Pengaruh. • Influence.
Kebutuhan Pemangku Kepentingan Stakeholder Need
• Kinerja keuangan dan non-keuangan; • Financial and non-financial performance;
• Keberlanjutan usaha; serta • Business sustainability; and
• Informasi yang jelas dan terkini terkait arah strategis Perseroan. • Clear and updated information on the Company’s strategic direction.
Respons terhadap Kebutuhan Pemangku Kepentingan Response to Stakeholder Need
• Menyusun strategi peningkatan kinerja keuangan dan non-keuangan • Formulating a strategy to improve financial and non-financial
serta keberlanjutan usaha; performance, as well as business sustainability;
• Menjaga kinerja tetap optimal dan sesuai target, dengan memperhatikan • Maintaining optimal and on-target performance by considering
aspek ekonomi, sosial, dan lingkungan; serta economic, social, and environmental aspects; and
• Menyampaikan informasi mutakhir secara transparan. • Delivering up-to-date information transparently.
Metode Pelibatan dan Frekuensi Pelaksanaan Engagement Method and Frequency of Implementation
• Pelaksanaan Rapat Umum Pemegang Saham dan paparan publik; • Implementation of General Meeting of Shareholders and public expose;
• Penyampaian Laporan Tahunan; serta • Annual Report Submission; and
• Penyediaan akses informasi dalam situs web Perseroan. • Provision of access to information on the Company’s website.
Pemerintah dan Regulator
Government and Regulator
Dasar Pemilihan Basis for Selection
• Tanggung jawab; serta • Responsibility; and
• Pengaruh. • Influence.
Kebutuhan Pemangku Kepentingan Stakeholder Need
• Kepatuhan regulasi dan pelaksanaan prinsip kehati-hatian dan tata • Regulatory compliance and the implementation of prudential and good
kelola perusahaan; serta corporate governance principles; and
• Pemenuhan kewajiban perpajakan. • Fulfilment of tax obligations.
Respons terhadap Kebutuhan Pemangku Kepentingan Response to Stakeholder Need
• Memastikan pemenuhan seluruh peraturan yang berlaku; • Ensuring fulfilment of all prevailing regulations;
• Meningkatkan kualitas pelaksanaan tata kelola perusahaan (GCG); • Improving the implementation quality of good corporate governance
(GCG);
• Melakukan analisis risiko sosial dan lingkungan dalam pembiayaan; • Conducting social and environmental risks analysis on financing; and
serta
• Membayar pajak dan penerimaan negara bukan pajak (PNBP) sesuai • Paying taxes and non-tax state revenue (PNBP) in line with the rules
aturan dan tepat waktu. and on-time.
Metode Pelibatan dan Frekuensi Pelaksanaan Engagement Method and Frequency of Implementation
• Penyampaian Laporan Tahunan, Laporan GCG, dan laporan lainnya; • Submission of Annual Report, GCG Report, and other reports;
• Penyusunan Rencana Aksi Keuangan Berkelanjutan (RAKB); serta • Preparation of Sustainable Finance Action Plan (RAKB); and
• Pembayaran dan pelaporan pajak dan PNBP. • Payment and reporting of taxes and PNBP.
PT Sinar Mas Multiartha Tbk - 9
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Pendahuluan
Premilinary
Karyawan
Employees
Dasar Pemilihan Basis for Selection
• Tanggung jawab; • Responsibility;
• Perhatian; • Attention;
• Pengaruh; serta • Influence; and
• Ketergantungan. • Dependency.
Kebutuhan Pemangku Kepentingan Stakeholder Need
• Pemenuhan hak ketenagakerjaan; • Fulfilment of labour rights;
• Pemenuhan aspek K3; • Fulfilment of OHS aspects;
• Pengembangan kompetensi dan karier; serta • Competency and career development; and
• Kepuasan kerja. • Job satisfaction.
Respons terhadap Kebutuhan Pemangku Kepentingan Response to Stakeholder Need
• Memenuhi kontrak kerja dan perjanjian kerja bersama; • Fulfilling employment contract and collective labour agreement;
• Memastikan kecukupan sarana dan prasarana K3; • Ensuring the adequacy of OHS facilities and infrastructure;
• Melaksanakan pengembangan kompetensi, penilaian kinerja, dan • Implementing competency development, performance assessment,
pengembangan karier; serta and career development; and
• Menyampaikan kebijakan terbaru Perseroan kepada seluruh karyawan. • Communicating latest Company’s policy to all employees.
Metode Pelibatan dan Frekuensi Pelaksanaan Engagement Method and Frequency of Implementation
• Penyusunan Peraturan Perusahaan yang mengatur hak dan kewajiban • Preparation of Company Regulations on employee rights and
karyawan; obligations;
• Penyediaan whistleblowing system (WBS) untuk melaporkan • Provision of a whistleblowing system (WBS) to report any violation of
pelanggaran praktik ketenagakerjaan; labour practice;
• Pelaksanaan berbagai kegiatan pengembangan kompetensi, promosi, • Implementation of various competency development, promotion, or
atau mutasi; serta rotation programs; and
• Pelaksanaan survei kepuasan karyawan. • Implementation of employee satisfaction survey.
Nasabah
Customers
Dasar Pemilihan Basis for Selection
• Ketergantungan; • Dependency;
• Tanggung jawab; serta • Responsibility; and
• Perhatian. • Attention.
Kebutuhan Pemangku Kepentingan Stakeholder Need
• Tanggapan dan tindak lanjut atas umpan balik, masukan, keluhan, dan • Response and follow-up on feedback, inputs, complaints, and
permintaan informasi; information requests;
• Pengembangan produk dan jasa, khususnya yang ditawarkan Entitas • Development of products and services, especially from Subsidiaries;
Anak;
• Kesehatan dan keselamatan dalam operasional Perseroan; • Health and safety in Company’s operation;
• Kinerja keberlanjutan; • Sustainability performance;
• Perlindungan privasi nasabah dan keamanan data; • Protection of customers privacy and data security;
• Layanan yang prima; serta • Premium services; and
• Edukasi, literasi, dan inklusi keuangan. • Financial education, literacy, and inclusion.
Respons terhadap Kebutuhan Pemangku Kepentingan Response to Stakeholder Need
• Menyediakan media komunikasi, seperti situs web, call center, atau • Provision of communication media i.e. website, call centre, or face to
tatap muka melalui frontliner; face via a frontliner;
• Menindaklanjuti umpan balik, masukan, keluhan, dan pengaduan yang • Follow-up on feedbacks, inputs, and complaints received;
diterima;
• Menggali kebutuhan nasabah dan mengembangkan inovasi produk • Explore customer needs and developing product innovations and
dan layanan digital; digital services;
• Menjaga privasi dan keamanan data nasabah; serta • Maintain customer privacy and data security; and
• Menyelenggarakan program edukasi, literasi, dan inklusi keuangan • Organize financial education, literacy, and inclusion programs via
melalui Entitas Anak. Subsidiaries.
Metode Pelibatan dan Frekuensi Pelaksanaan Engagement Method and Frequency of Implementation
• Pelaksanaan paparan publik; • Implementation of public expose;
• Survei kepuasan nasabah; serta • Customer satisfaction survey; and
• Pertemuan nasabah. • Customers gathering.
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Laporan Tahunan 2025
2025 Annual Report
Mitra Usaha
Business Partners
Dasar Pemilihan Basis for Selection
• Tanggung jawab; serta • Responsibility; and
• Ketergantungan. • Dependency.
Kebutuhan Pemangku Kepentingan Stakeholder Need
• Pengadaan barang dan/atau jasa yang adil dan transparan; • Fair and transparent procurement of goods and/or services;
• Kontrak kerja yang saling menguntungkan; • Mutually beneficial work contract;
• Pembayaran tepat waktu; serta • On-time payment; and
• Hubungan kerja yang baik. • Good work relation.
Respons terhadap Kebutuhan Pemangku Kepentingan Response to Stakeholder Need
• Memberikan informasi yang dibutuhkan untuk memperlancar proses • Providing necessary information to expedite the procurement process
pengadaan barang dan/atau jasa; of goods and/or services;
• Menyosialisasikan kebijakan dan Kode Etik yang berlaku di Perseroan; • Socializing the policies and Code of Ethics applicable in the Company;
• Membangun komunikasi bisnis yang sistematis; serta • Developing systematic business communication; and
• Melakukan pembayaran tepat waktu. • Conducting on-time payment.
Metode Pelibatan dan Frekuensi Pelaksanaan Engagement Method and Frequency of Implementation
• Perumusan kontrak kerja sama; serta • Formulating cooperative contract; and
• Pelaksanaan pertemuan secara berkala. • Conducting periodic meetings.
Masyarakat
Public
Dasar Pemilihan Basis for Selection
• Tanggung jawab; • Responsibility;
• Ketergantungan; • Dependency;
• Perhatian; serta • Attention; and
• Perspektif. • Perspective.
Kebutuhan Pemangku Kepentingan Stakeholder Need
• Informasi aktivitas Perseroan; serta • Company activities information; and
• Peningkatan kesejahteraan masyarakat. • Improvement of community welfare.
Respons terhadap Kebutuhan Pemangku Kepentingan Response to Stakeholder Need
• Menyampaikan informasi mutakhir melalui situs web; serta • Delivering up-to-date information via websites; and
• Menyelenggarakan kegiatan tanggung jawab sosial (CSR) melalui • Organizing corporate social responsibilities (CSR) activities through
Entitas Anak. Subsidiaries.
Metode Pelibatan dan Frekuensi Pelaksanaan Engagement Method and Frequency of Implementation
• Penyediaan sarana pengaduan masyarakat; serta • Provision of community complaint facility; and
• Pelaksanaan program CSR. • Implementation of CSR program.
Media
Media
Dasar Pemilihan Basis for Selection
Tanggung jawab Responsibility
Kebutuhan Pemangku Kepentingan Stakeholder Need
Keterbukaan informasi terkait pengembangan Perseroan. Information disclosure regarding Company’s development.
Respons terhadap Kebutuhan Pemangku Kepentingan Response to Stakeholder Need
Menyediakan informasi yang relevan dan transparan melalui situs web Providing relevant and transparent information via Company’s website
Perseroan dan Bursa Efek Indonesia. and Indonesia Stock Exchanges.
Metode Pelibatan dan Frekuensi Pelaksanaan Engagement Method and Frequency of Implementation
• Penyediaan akses sarana informasi; • Provision of access to information;
• Penyelenggaraan siaran pers dan paparan publik; serta • Organization of press release and public expose; and
• Publikasi media dan laporan perusahaan lainnya. • Media publication and other company reports.
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Pendahuluan
Premilinary
Penentuan Topik Material
Determination of Material Topics
Pada tahun 2025, Perseroan memperbarui topik material In 2025, the Company updated its material topics by aligning
dengan menyesuaikan hasil penilaian terhadap perubahan the assessment results with changes in the financial industry
konteks industri keuangan, ekspektasi pemangku kepentingan, context, stakeholder expectations, and international standards
serta standar internasional seperti SASB Standards – Financials such as the SASB Standards – Financials Sector: Insurance
Sector: Insurance (Version 2023-12). Penyesuaian ini (Version 2023-12). This adjustment reflects the Company’s
mencerminkan komitmen Perseroan untuk memperkuat praktik commitment to strengthening sustainable finance practices,
keuangan berkelanjutan, tata kelola risiko, serta integrasi prinsip risk governance, and the integration of ESG principles across
ESG di seluruh Entitas Anak. all Subsidiaries.
Topik tahun 2025 tetap mempertahankan beberapa isu utama The 2025 topics maintain several key issues from 2024, with
tahun 2024, dengan penambahan fokus pada transparansi, additional focus on transparency, climate risk, and sustainable
risiko iklim, dan inovasi produk berkelanjutan. product innovation.
Topik Material yang Diperbarui untuk Tahun 2025
Updated Material Topics for 2025
Kinerja Ekonomi dan Stabilitas Keuangan
Economic Performance and Financial Stability
Topik Material dalam Pengungkapan Tahun 2024 Material Topics Disclosed in 2024
Kinerja Ekonomi Economic Performance
Peluang bagi Perseroan Apabila Topik ini Dikelola Opportunities for the Company if the Topic is Well Managed
Memperkuat ketahanan bisnis dan nilai ekonomi jangka panjang melalui Strengthening business resilience and long-term economic value through
pengelolaan usaha dan keuangan yang prudent dan efisien. prudent and efficient business and financial management.
Potensi Risiko bagi Perseroan Apabila Topik Tidak Dikelola Potential Risks for the Company if the Topic is Not Managed
Risiko penurunan profitabilitas dan nilai tambah bagi pemangku Risk of decreased profitability and stakeholder value due to economic
kepentingan akibat volatilitas ekonomi. volatility.
Tata Kelola Anti-Fraud dan Integritas Bisnis
Anti-Fraud Governance and Business Integrity
Topik Material dalam Pengungkapan Tahun 2024 Material Topics Disclosed in 2024
Anti-Fraud Anti-Fraud
Peluang bagi Perseroan Apabila Topik ini Dikelola Opportunities for the Company if the Topic is Well Managed
Memastikan praktik usaha yang transparan, berintegritas, dan sesuai Ensuring transparent, ethical, and regulatory-compliant business practices
ketentuan regulator, serta menjaga kepercayaan investor dan nasabah. while maintaining the trust of investors and customers.
Potensi Risiko bagi Perseroan Apabila Topik Tidak Dikelola Potential Risks for the Company if the Topic is Not Managed
Risiko hukum dan reputasi akibat potensi penyimpangan, kecurangan, atau Risk of legal and reputational exposure arising from potential misconduct,
pelanggaran etika bisnis. fraud, or breaches of business ethics.
Inovasi Digital dan Layanan Keuangan Berkelanjutan
Digital Innovation and Sustainable Financial Services
Topik Material dalam Pengungkapan Tahun 2024 Material Topics Disclosed in 2024
Digitalisasi Produk dan Layanan Product and Service Digitalization
Peluang bagi Perseroan Apabila Topik ini Dikelola Opportunities for the Company if the Topic is Well Managed
Mendorong efisiensi operasional dan kemudahan akses layanan keuangan Promoting operational efficiency and accessibility of financial services
melalui transformasi digital yang inklusif dan ramah lingkungan. through inclusive and environmentally friendly digital transformation.
Potensi Risiko bagi Perseroan Apabila Topik Tidak Dikelola Potential Risks for the Company if the Topic is Not Managed
Risiko kehilangan daya saing apabila inovasi digital dan keberlanjutan tidak Risk of loss of competitiveness if digital innovation and sustainability are
diintegrasikan secara efektif. not effectively integrated.
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Laporan Tahunan 2025
2025 Annual Report
Topik Material yang Diperbarui untuk Tahun 2025
Updated Material Topics for 2025
Transparansi Informasi dan Perlindungan Nasabah
Information Transparency and Customer Protection
Topik Material dalam Pengungkapan Tahun 2024 Material Topics Disclosed in 2024
Kerahasiaan Data Nasabah Customer Data Confidentiality
Peluang bagi Perseroan Apabila Topik ini Dikelola Opportunities for the Company if the Topic is Well Managed
Meningkatkan kepercayaan nasabah melalui komunikasi produk yang etis Enhancing customer trust through ethical product communication and
dan perlindungan data pribadi sesuai regulasi. personal data protection in accordance with regulations.
Potensi Risiko bagi Perseroan Apabila Topik Tidak Dikelola Potential Risks for the Company if the Topic is Not Managed
Risiko reputasi dan hukum akibat kebocoran data atau penyampaian Risk of reputational and legal consequences resulting from data breaches
informasi yang tidak akurat. or inaccurate information disclosure.
Pengembangan Sumber Daya Manusia (SDM) dan Kesejahteraan Karyawan
Human Resources (HR) Development and Employee Well-Being
Topik Material dalam Pengungkapan Tahun 2024 Material Topics Disclosed in 2024
Pengembangan Kompetensi Karyawan Employee Competency Development
Peluang bagi Perseroan Apabila Topik ini Dikelola Opportunities for the Company if the Topic is Well Managed
Meningkatkan produktivitas dan loyalitas karyawan melalui program Improving employee productivity and loyalty through training, career
pelatihan, pengembangan karier, dan kesejahteraan kerja. development, and well-being programs.
Potensi Risiko bagi Perseroan Apabila Topik Tidak Dikelola Potential Risks for the Company if the Topic is Not Managed
Risiko kesenjangan kompetensi dan penurunan motivasi apabila Risk of competency gaps and decreased motivation if HR development
pengembangan SDM tidak berkelanjutan. is not sustained.
Inklusi dan Literasi Keuangan
Financial Inclusion and Literacy
Topik Material dalam Pengungkapan Tahun 2024 Material Topics Disclosed in 2024
Inklusi dan Literasi Keuangan Financial Inclusion and Literacy
Peluang bagi Perseroan Apabila Topik ini Dikelola Opportunities for the Company if the Topic is Well Managed
Memperluas akses masyarakat terhadap layanan keuangan formal serta Expanding public access to formal financial services and enhancing
meningkatkan literasi keuangan nasional. national financial literacy.
Potensi Risiko bagi Perseroan Apabila Topik Tidak Dikelola Potential Risks for the Company if the Topic is Not Managed
Risiko sosial apabila masyarakat kurang memahami produk keuangan Risk of social issues arising from limited public understanding of financial
atau tidak memiliki akses yang memadai. products or inadequate access to financial services.
Keterlibatan Sosial dan Tanggung Jawab Kemasyarakatan
Social Engagement and Community Responsibility
Topik Material dalam Pengungkapan Tahun 2024 Material Topics Disclosed in 2024
Pengembangan Sosial dan Kemasyarakatan Social and Community Development
Peluang bagi Perseroan Apabila Topik ini Dikelola Opportunities for the Company if the Topic is Well Managed
Memperkuat hubungan dengan masyarakat melalui program sosial, Strengthening community relations through social, educational, and local
pendidikan, dan pemberdayaan ekonomi lokal. economic empowerment programs.
Potensi Risiko bagi Perseroan Apabila Topik Tidak Dikelola Potential Risks for the Company if the Topic is Not Managed
Risiko reputasi dan sosial apabila kontribusi terhadap masyarakat Risk of reputational and social impact if community contributions are
dianggap tidak signifikan. perceived as insignificant.
PT Sinar Mas Multiartha Tbk - 13
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Pendahuluan
Premilinary
Topik Material yang Diperbarui untuk Tahun 2025
Updated Material Topics for 2025
Efisiensi Energi dan Pengelolaan Dampak Lingkungan
Energy Efficiency and Environmental Impact Management
Topik Material dalam Pengungkapan Tahun 2024 Material Topics Disclosed in 2024
Energi Energy
Peluang bagi Perseroan Apabila Topik ini Dikelola Opportunities for the Company if the Topic is Well Managed
Mendukung upaya efisiensi energi dan dekarbonisasi dari aktivitas Supporting energy efficiency and decarbonization initiatives in operational
operasional. activities.
Potensi Risiko bagi Perseroan Apabila Topik Tidak Dikelola Potential Risks for the Company if the Topic is Not Managed
Risiko operasional dan reputasi akibat penggunaan energi yang boros dan Risk of operational and reputational consequences due to inefficient and
tidak ramah lingkungan. non-environmentally friendly energy use.
Manajemen Risiko Iklim dan Lingkungan
Climate and Environmental Risk Management
Topik Material dalam Pengungkapan Tahun 2024 Material Topics Disclosed in 2024
Belum tercantum Not yet listed
Peluang bagi Perseroan Apabila Topik ini Dikelola Opportunities for the Company if the Topic is Well Managed
Mengintegrasikan penilaian risiko iklim ke dalam strategi bisnis Integrating climate risk assessment into business strategies and
dan perencanaan investasi untuk memperluas peluang pasar dan investment planning to expand market opportunities and strengthen
meningkatkan resiliensi. resilience.
Potensi Risiko bagi Perseroan Apabila Topik Tidak Dikelola Potential Risks for the Company if the Topic is Not Managed
Risiko transisi dan risiko fisik apabila regulasi terkait iklim dan risiko Risk of transition and physical impacts if climate-related regulations and
bencana alam tidak diidentifikasi dan dimitigasi secara memadai. natural disaster risks are not properly identified and mitigated.
Manajemen Risiko Sistemik dan Kecukupan Modal
Systemic Risk Management and Capital Adequacy
Topik Material dalam Pengungkapan Tahun 2024 Material Topics Disclosed in 2024
Belum tercantum Not yet listed
Peluang bagi Perseroan Apabila Topik ini Dikelola Opportunities for the Company if the Topic is Well Managed
Memastikan stabilitas keuangan grup melalui pengawasan risiko likuiditas, Ensuring the group’s financial stability through oversight of liquidity,
leverage, dan modal yang sesuai standar prudensial. leverage, and capital risks in accordance with prudential standards.
Potensi Risiko bagi Perseroan Apabila Topik Tidak Dikelola Potential Risks for the Company if the Topic is Not Managed
Risiko sistemik dan sanksi regulator apabila pengelolaan risiko dan modal Risk of systemic exposure and regulatory sanctions if risk and capital
tidak sesuai ketentuan. management do not comply with applicable requirements.
Verifikasi oleh Pihak Independen [POJK.51-G.1]
Independent Verification
Penyusunan Laporan Tahunan saat ini masih dilakukan tanpa The preparation of the Annual Report is currently conducted
dukungan verifikasi independen. Namun, langkah ini tidak without independent verification support. However, this does
mengurangi komitmen Perseroan dalam menghadirkan informasi not diminish the Company’s commitment to providing accurate,
yang akurat, transparan, dan bertanggung jawab. Seiring dengan transparent, and accountable information. In line with continuous
upaya peningkatan kualitas, Perseroan membuka peluang quality improvement efforts, the Company is open to adopting
penerapan assurance di masa mendatang sebagai bagian dari assurance practices in the future as part of its journey toward
perjalanan menuju praktik pelaporan yang lebih matang. more mature reporting standards.
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PT Sinar Mas Multiartha Tbk - 15
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Kilas Kinerja
Performance Highlights
1
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PT Sinar Mas Multiartha Tbk - 17
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Kilas Kinerja
Performance Highlights
Ikhtisar Kinerja Keberlanjutan
Sustainability Performance Highlights
Keberlanjutan Kinerja Keuangan dan Operasional [POJK.51-B.1]
Financial and Operational Performance Sustainability
Laporan Posisi Keuangan Konsolidasian
Consolidated Financial Positions
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Uraian 2025 2024*) 2023*) Description
Aset / Assets
Kas dan Bank - Bersih 9,180,682 8,828,002 9,533,705 Cash and Bank - Net
Investasi Jangka Pendek - Bersih 78,249,702 70,659,008 62,919,564 Short-Term Investment - Net
Securities Purchased Under Agreement
Efek yang Dibeli dengan Janji Jual Kembali 1,394,940 192,215 -
to Resell
Piutang Pembiayaan Multiguna - Bersih 1,262,692 1,537,356 1,436,026 Multipurpose Financing Receivables - Net
Piutang Sewa Pembiayaan - Bersih 407,949 125,516 175,297 Financing Lease Receivables - Net
Piutang Pembiayaan Modal Kerja Skema Working Capital Financing with Factoring
1,164,388 1,474,546 2,513,517
Anjak Piutang - Bersih Scheme Receivables - Net
Kredit yang Diberikan - Bersih 10,857,033 12,618,690 15,086,293 Loan - Net
Tagihan Akseptasi - Bersih 161,224 38,129 78,304 Acceptance Receivables - Net
Aset Ijarah - Bersih 673,563 351,525 433,902 Ijarah Assets - Net
Piutang Transaksi Efek 652,467 171,354 154,722 Securities Transaction Receivables
Piutang Lain-Lain - Bersih 2,694,439 3,559,378 3,087,231 Other Accounts Receivables - Net
Aset Kontrak Asuransi 1,089,221 2,662,509 37,106 Insurance Contract Asset
Aset Kontrak Reasuransi 3,149,235 4,497,161 7,725,885 Reinsurance Contract Assets
Investasi dalam Saham - Bersih 2,987,099 3,503,395 3,349,804 Investment in Shares of Stock - Net
Properti Investasi - Bersih 438,903 405,870 413,669 Investment Properties - Net
Aset Tetap - Bersih 2,509,664 2,700,439 2,744,994 Property and Equipment - Net
Agunan yang Diambil Alih - Bersih 249,350 264,120 274,353 Foreclosed Assets - Net
Aset Pajak Tangguhan 251,073 465,698 375,773 Deferred Tax Assets
Aset Lain-Lain 3,017,623 5,065,656 5,705,054 Other Assets
Total Aset [POJK.51-C.3] 120,391,247 119,120,567 116,045,199 Total Assets [POJK.51-C.3]
Liabilitas dan Ekuitas / Liabilities and Equity
Liabilitas / Liabilities
Simpanan dan Simpanan dari Bank Lain 45,367,868 43,930,669 40,950,205 Deposits and Deposits from Other Banks
Efek yang Dijual dengan Janji Beli Securities Sold Under Agreement to
- 879,455 1,051,717
Kembali - Pihak Ketiga Repurchase - Third Parties
Liabilitas Kontrak Asuransi 25,873,249 29,009,457 29,928,252 Insurance Contract Liabilities
*) Disajikan kembali. / Restated.
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Laporan Tahunan 2025
2025 Annual Report
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Uraian 2025 2024*) 2023*) Description
Liabilitas Kontrak Reasuransi 1,409,812 2,085,647 648,796 Reinsurance Contract Liabilities
Liabilitas Kontrak Penjaminan dan Premi Guarantee Contract Liabilities and Premiums
2,696,215 2,879,032 3,820,404
Diterima di Muka Received in Advance
Liabilitas Manfaat Polis Masa Depan 337,362 697,499 3,045,628 Liability for Future Policy Benefits
Premi Belum Merupakan Pendapatan dan Unearned Premiums and Estimated
230,182 - -
Estimasi Liabilitas Klaim Claims Liability
Liabilitas Akseptasi 161,553 38,160 79,880 Acceptance Payables
Utang Transaksi Efek 502,248 89,688 86,341 Securities Transaction Payables
Utang Pajak 106,898 203,229 120,322 Taxes Payables
Beban Akrual 411,526 306,114 332,020 Accrued Expenses
Surat Berharga yang Diterbitkan 9,029,855 9,436,290 8,390,304 Securities Issued
Pinjaman yang Diterima 2,509,972 1,257,352 2,086,386 Loans Received
Liabilitas Pajak Tangguhan 37,534 8,234 4,765 Deferred Tax Liabilities
Liabilitas Imbalan Kerja Jangka Panjang 239,210 164,850 148,681 Long-Term Employee Benefits Liability
Reserve for Profit Sharing Distribution to
Cadangan Bagi Hasil Peserta 30,281 252,300 21,614
Participants
Liabilitas Lain-Lain 5,536,379 4,142,829 2,084,446 Other Liabilities
Total Liabilitas 94,480,144 95,380,805 92,799,761 Total Liabilities
Ekuitas / Equity
Modal Dasar 1,334,891 1,334,891 1,334,891 Authorized Capital
Tambahan Modal Disetor - Bersih 1,647,520 1,647,520 1,647,520 Additional Paid-In Capital - Net
Komponen Ekuitas Lainnya 233,700 213,535 369,386 Other Equity Components
Saldo Laba Retained Earnings
Ditentukan Penggunanya 791,607 791,607 791,607 Appropriated
Tidak Ditentukan Penggunanya 19,519,774 17,529,824 16,553,162 Unappropriated
Kepentingan Non-Pengendali 2,383,611 2,222,385 2,548,872 Non-Controlling Interests
Total Ekuitas 25,911,103 23,739,762 23,245,438 Total Equity
Total Liabilitas dan Ekuitas 120,391,247 119,120,567 116,045,199 Total Liabilities and Equity
*) Disajikan kembali. / Restated.
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Kilas Kinerja
Performance Highlights
Laba Rugi dan Penghasilan Komprehensif Lain Konsolidasian
Consolidated Profit or Loss and Other Comprehensive Income
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Uraian 2025 2024*) 2023 Description
Pendapatan 36,601,656 31,126,849 26,930,150 Income
Beban 34,146,152 29,890,135 25,645,893 Expenses
Laba Sebelum Pajak 2,455,504 1,236,714 1,284,257 Profit Before Tax
Beban (Manfaat) Pajak 351,520 222,353 95,542 Tax Expenses (Benefits)
Laba Tahun Berjalan 2,103,984 1,014,361 1,188,715 Profit for the Year
Total Penghasilan (Rugi) Komprehensif Lain Total Other Comprehensive Income (Loss) -
74,316 (236,067) 109,683
Setelah Pajak Net of Tax
Total Penghasilan Komprehensif - Bersih 2,178,300 778,294 1,298,398 Total Comprehensive Income - Net
Laba Bersih Teratribusikan kepada: Net Profit Attributable to:
Pemilik Entitas Induk 2,045,644 957,875 1,168,946 Owners of Parent Entity
Kepentingan Non-Pengendali 58,340 56,486 19,769 Non-Controlling Interest
Penghasilan Komprehensif Teratribusikan kepada: Comprehensive Income Attributable to:
Pemilik Entitas Induk 2,008,235 746,334 1,154,288 Owners of Parent Entity
Kepentingan Non-Pengendali 170,065 31,960 144,110 Non-Controlling Interest
Laba Bersih per Saham (dalam Rupiah penuh) Earnings per Share (in full Rupiah amount)
321 150 184
Dasar (Dilusian) Basic (Diluted)
*) Disajikan kembali. / Restated.
Laporan Arus Kas Konsolidasian
Consolidated Statement of Cash Flows
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Uraian 2025 2024 2023 Description
Arus Kas dari (Digunakan untuk) Aktivitas Cash Flows from (Used in) Operating
(1,836,221) 5,120,056 6,981,396
Operasi Activities
Arus Kas dari (Digunakan untuk) Aktivitas Cash Flows from (Used in) Investing
(181,241) (363,071) 71,283
Investasi Activities
Arus Kas dari (Digunakan untuk) Aktivitas Cash Flows from (Used in) Financing
359,035 (1,239,606) (2,538,082)
Pendanaan Activities
Rasio Keuangan
Financial Ratio
(dalam % / in %)
Uraian 2025 2024*) 2023*) Description
Rasio Laba terhadap Total Aset (ROA) 1.75 0.85 1.02 Return on Assets (ROA)
Rasio Laba terhadap Total Ekuitas (ROE) 8.12 4.27 5.11 Return on Equity (ROE)
Rasio Laba Bersih terhadap Pendapatan 5.75 3.26 4.41 Net Profit Margin
Rasio Beban Operasional terhadap Pendapatan Operating Expenses to Operating Income
93.29 96.03 95.23
Operasional (BOPO) Ratio (BOPO)
Rasio Lancar 127.42 124.89 125.05 Current Ratio
Rasio Liabilitas terhadap Aset 78.48 80.07 79.97 Debt to Asset Ratio
Rasio Liabilitas terhadap Ekuitas 364.63 401.78 399.22 Debt to Equity Ratio
*) Disajikan kembali. / Restated.
20 - PT Sinar Mas Multiartha Tbk
Page 23
Laporan Tahunan 2025
2025 Annual Report
Grafik-Grafik Keuangan
Financial Charts
Total Aset Total Liabilitas
Total Assets Total Liabilities
116,045 119,121 120,391 92,800 95,381 94,480
(dalam miliar Rupiah) (dalam miliar Rupiah)
(in billion Rupiah) (in billion Rupiah)
2023 2024 2025 2023 2024 2025
Pendapatan Laba Tahun Berjalan
Income Profit for the Year
36,602 2,104
31,127
26,930
1,189
1,014
(dalam miliar Rupiah) (dalam miliar Rupiah)
(in billion Rupiah) (in billion Rupiah)
2023 2024 2025 2023 2024 2025
Total Penghasilan Komprehensif
Total Comprehensive Income
2,178
1,298
778
(dalam miliar Rupiah)
(in billion Rupiah)
2023 2024 2025
PT Sinar Mas Multiartha Tbk - 21
Page 24
Kilas Kinerja
Performance Highlights
Rasio Laba terhadap Total Aset Rasio Laba terhadap Total Ekuitas
Return on Assets Return on Equity
1.75 8.12
5.11
1.02
4.27
0.85
(dalam %) (dalam %)
(in %) (in %)
2023 2024 2025 2023 2024 2025
Rasio Laba terhadap Pendapatan Rasio Beban Operasional terhadap
Net Profit Margin Pendapatan Operasional
Operating Expenses to Operating Income Ratio
5.75 95.23 96.03 93.29
4.41
3.26
(dalam %) (dalam %)
(in %) (in %)
2023 2024 2025 2023 2024 2025
Ikhtisar Operasional
Operational Highlights
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Uraian 2025 2024 2023 Description
Pendapatan / Income
Jasa Asuransi 24,516,094 19,342,784 19,083,572 Insurance Service
Pembiayaan Konsumen, Piutang Sewa Consumer Finance, Financing Lease
1,042,492 1,354,816 1,261,622
Pembiayaan, dan Anjak Piutang Receivables, and Factoring
Jasa Biro Administrasi Efek 19,564 18,045 12,425 Securities Administration Bureau Services
Jasa Penjaminan Emisi dan Perantara Pedagang Securities Brokerage and Underwriting, and
630,047 692,814 608,009
Efek, serta Jasa Manajer Investasi Investment Manager Services
22 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Uraian 2025 2024 2023 Description
Perbankan 4,682,901 4,765,250 4,434,153 Banking
Pembangunan, Perdagangan, dan Jasa 1,247,305 894,501 1,355,716 Development, Trade, and Services
Pembiayaan Berkelanjutan / Sustainable Financing
Pembiayaan Hijau1) 5,221,813 4,784,019 5,818,005 Green Financing1)
Pelibatan Pemasok Lokal2) / Local Supplier Engagement2)
Pemasok Lokal (Entitas) 2,669 2,910 4,035 Local Supplier (Entity)
1) Data KKUB PT Bank Sinarmas Tbk, PT Bank Nano Syariah, dan PT Sinar Mas Multifinance. / KKUB data of PT Bank Sinarmas Tbk, PT Bank Nano Syariah, and PT Sinar Mas
Multifinance.
2) Data Entitas Anak PT Sinar Mas Multifinance dan PT Pasar Dana Pinjaman (Danamas). / Data of Subsidiaries PT Sinar Mas Multifinance and PT Pasar Dana Pinjaman (Danamas).
Jasa Asuransi Pembiayaan Konsumen, Piutang Sewa
Insurance Service Pembiayaan, dan Anjak Piutang
Consumer Finance, Financing Lease Receivables,
and Factoring
24,516 1,355
1,262
19,084 19,343 1,042
(dalam miliar Rupiah) (dalam miliar Rupiah)
(in billion Rupiah) (in billion Rupiah)
2023 2024 2025 2023 2024 2025
Jasa Biro Administrasi Efek Jasa Penjaminan Emisi dan Perantara
Securities Administration Bureau Services Pedagang Efek, serta Jasa Manajer Investasi
Securities Brokerage and Underwriting, and Investment
Manager Services
20 693
18 608 630
12
(dalam miliar Rupiah) (dalam miliar Rupiah)
(in billion Rupiah) (in billion Rupiah)
2023 2024 2025 2023 2024 2025
PT Sinar Mas Multiartha Tbk - 23
Page 26
Kilas Kinerja
Performance Highlights
Perbankan Pembangunan, Perdagangan, dan Jasa
Banking Development, Trade, and Services
4,765 4,683 1,356
4,434 1,247
895
(dalam miliar Rupiah) (dalam miliar Rupiah)
(in billion Rupiah) (in billion Rupiah)
2023 2024 2025 2023 2024 2025
Pembiayaan Hijau
Green Financing
5,818
5,222
4,784
(dalam miliar Rupiah)
(in billion Rupiah)
2023 2024 2025
Keberlanjutan Kinerja Sosial [POJK.51-B.3]
Operational Highlights
Satuan
Uraian 2025 2024 2023 Description
Unit
Pengelolaan Karyawan / Employee Management
Total Karyawan 60 51 56 Total Employee
Total Karyawan Pria 40 35 38 Total Male Employee
Orang
Employee
Total Karyawan Wanita 20 16 18 Total Female Employee
Tingkat Perputaran Karyawan 5.41 11.22 13.21 Employee Turnover
24 - PT Sinar Mas Multiartha Tbk
Page 27
Laporan Tahunan 2025
2025 Annual Report
Satuan
Uraian 2025 2024 2023 Description
Unit
Pengembangan Sosial dan Kemasyarakatan1) / Social and Community Development1)
Kategori
Kegiatan Pengembangan Sosial dan Program Social and Community Development
6 7 7
Kemasyarakatan Program Activity
Category
Biaya Pelaksanaan Pengembangan jutaan Rupiah Social and Community Development
5,846 3,166 4,266
Sosial dan Kemasyarakatan million Rupiah Implementation Cost
1) Data Perseroan dan beberapa Entitas Anak sebagaimana diungkapkan pada Bab Laporan Keberlanjutan. / Data from the Company and several Subsidiaries’ as disclosed in
the Sustainability Report Chapter.
Keberlanjutan Kinerja Lingkungan [POJK.51-B.2]
Environmental Performance Sustainability
Satuan
Uraian 2025 2024 2023 Description
Unit
Biaya Penggunaan Sumber Daya1) / Resources Utilization Cost1)
Listrik 40,279 28,867 32,723 Electricity
jutaan Rupiah
Air 2,439 2,059 63,414 Water
million Rupiah
Bahan Bakar Minyak 12,774 17,050 2,967 Fuel
Penggunaan Sumber Daya / Resources Utilization
Listrik 2)
GJ 18,146.70 19,233.79 18,846.47 Electricity2)
Air3) m3 56,585 61,053 52,557 Water3)
Bahan Bakar Minyak2) GJ 12,605.61 12,623.46 13,933.70 Fuel2)
Emisi yang Dihasilkan2) / Emissions Generated2)
Cakupan 1 TonCO2eq 853.23 854.43 943.12 Scope 1
Cakupan 2 TonCO2eq 4,738.30 5,022.16 4,921.02 Scope 2
Total Emisi TonCO2eq 5,591.53 5,876.59 5,864.14 Total Emissions
Limbah yang Dihasilkan / Waste Generated
4) 4)
Kertas Ton 11.94 15.84 16.89 Paper
1) Data Perseroan dan Entitas Anak secara konsolidasi. / Consolidated data from the Company and its Subsidiaries.
2) Data mencakup PT Asuransi Sinar Mas, PT Sinar Mas Multifinance, PT Sinarmas Ventura, PT Pasar Dana Pinjaman (Danamas), dan PT Wapindo Jasaartha. / Data includes
PT Asuransi Sinar Mas, PT Sinar Mas Multifinance, PT Sinarmas Ventura, PT Pasar Dana Pinjaman (Danamas), and PT Wapindo Jasaartha.
3) Data mencakup PT Bank Sinarmas Tbk, PT Asuransi Sinar Mas, PT Sinar Mas Multifinance, PT Sinartama Gunita, PT Pasar Dana Pinjaman (Danamas), dan PT Wapindo
Jasaartha. / Data includes PT Bank Sinarmas Tbk, PT Asuransi Sinar Mas, PT Sinar Mas Multifinance, PT Sinartama Gunita, PT Pasar Dana Pinjaman (Danamas), and
PT Wapindo Jasaartha.
4) Data Entitas Anak PT Bank Sinarmas Tbk, PT Asuransi Sinar Mas, PT Asuransi Simas Insurtech, PT AB Sinarmas Multifinance, PT Sinarmas Sekuritas, PT Sinarmas Asset
Management, PT Sinartama Gunita, PT Pasar Dana Pinjaman (Danamas), dan PT Wapindo Jasaartha. / Subsidiaries Data of PT Bank Sinarmas Tbk, PT Asuransi Sinar Mas,
PT Asuransi Simas Insurtech, PT AB Sinarmas Multifinance, PT Sinarmas Sekuritas, PT Sinarmas Asset Management, PT Sinartama Gunita, PT Pasar Dana Pinjaman (Danamas),
and PT Wapindo Jasaartha.
PT Sinar Mas Multiartha Tbk - 25
Page 28
Kilas Kinerja
Performance Highlights
Ikhtisar Saham
Share Highlights
Harga Total Saham Volume
Kapitalisasi Pasar
Price Beredar Transaksi
Tertinggi
Periode (Lembar) (Lembar)
Highest Market
Period Tertinggi Terendah Penutupan Total Number of Transaction
Capitalization
Highest Lowest Closing Outstanding Volume
(Rp)
(Rp) (Rp) (Rp) (Shares) (Shares)
2025
Januari / January 18,300 - 15,275 6,367,664,717 196,114,704 97,266,078,552,175
Febriari / February 17,250 - 15,475 6,367,664,717 130,464,001 98,539,611,495,575
Maret / March 17,500 - 15,500 6,367,664,717 170,022,222 98,698,803,113,500
April / April 16,775 14,075 15,700 6,367,664,717 148,605,450 99,972,336,056,900
Mei / May 16,725 15,125 15,800 6,367,664,717 202,653,616 100,609,102,528,600
Juni / June 16,425 - 15,700 6,367,664,717 173,338,776 99,972,336,056,900
Juli / July 27,225 - 15,875 6,367,664,717 207,647,926 101,086,677,382,375
Agustus / August 17,400 13,500 15,700 6,367,664,717 178,467,345 99,972,336,056,900
September / September 16,825 14,725 14,925 6,367,664,717 175,540,082 95,037,395,901,225
Oktober / October 15,225 12,200 13,000 6,367,664,717 301,402,578 82,779,641,321,000
November / November 13,550 12,000 13,000 6,367,664,717 234,662,235 82,779,641,321,000
Desember / December 14,500 12,325 14,500 6,367,664,717 293,171,956 92,331,138,396,500
2024
Januari / January 22,000 13,200 16,150 6,367,664,717 179,100 102,837,785,179,550
Febriari / February 17,250 13,750 14,500 6,367,664,717 940,200 92,331,138,396,500
Maret / March 15,750 14,050 14,600 6,367,664,717 99,900 92,967,904,868,200
April / April 14,600 13,375 14,600 6,367,664,717 12,000 92,967,904,868,200
Mei / May 15,500 13,375 14,600 6,367,664,717 44,400 92,967,904,868,200
Juni / June 16,300 14,200 14,600 6,367,664,717 82,900 92,967,904,868,200
Juli / July 14,700 14,000 14,450 6,367,664,717 150,400 92,012,755,160,650
Agustus / August 14,975 13,275 14,600 6,367,664,717 326,300 92,967,904,868,200
September / September 17,500 14,225 14,600 6,367,664,717 247,000 92,967,904,868,200
Oktober / October 14,625 14,300 14,600 6,367,664,717 392,700 92,967,904,868,200
November / November 14,625 13,950 14,600 6,367,664,717 33,100 92,967,904,868,200
Desember / December 16,750 14,000 14,600 6,367,664,717 61,200 92,967,904,868,200
26 - PT Sinar Mas Multiartha Tbk
Page 29
Laporan Tahunan 2025
2025 Annual Report
Volume Transaksi / Transaction Volume Harga Penutupan / Closing Price
(Lembar / Shares) (Rp)
2,500,000 18,000
16,000
2,000,000
14,000
12,000
1,500,000
10,000
8,000
1,000,000
6,000
500,000 4,000
2,000
- -
ay
ay
g
g
ov
ov
c
c
p
p
ar
ar
b
b
n
n
n
n
ct
ct
r
r
l
l
De
De
Ap
Ap
Au
Au
Se
Se
Ju
Ju
Ju
Ju
Fe
Fe
Ja
Ja
M
M
M
M
O
O
N
N
2024 2025
Volume Transaksi / Transaction Volume Harga Penutupan / Closing Price
(Lembar / Shares) (Rp)
Aktivitas Perdagangan Saham Stock Trading Activities
Pada tahun 2025, saham Perseroan diperdagangkan secara In 2025, the Company’s shares were traded normally on
normal di Bursa Efek Indonesia tanpa mengalami suspensi the Indonesia Stock Exchange without any suspension or
maupun delisting. delisting.
Aksi Korporasi Corporate Action
Pada tahun 2025, Perseroan menerbitkan obligasi sebagai In 2025, the Company issued the following bonds.
berikut.
1. Pada 20 Januari 2025, Perseroan menerbitkan dan 1. On 20 January 2025, the Company issued and offered
menawarkan Obligasi Berkelanjutan III Sinar Mas Multiartha the Sinar Mas Multiartha Sustainable Bonds III Phase
Tahap II Tahun 2025 dengan Tingkat Bunga Tetap sebesar II Year 2025 with a Fixed Interest Rate amounting to
Rp800.000.000.000,-. Obligasi tersebut ditawarkan Rp800,000,000,000. The bonds were offered at 100%
dengan nilai 100% dari jumlah pokok obligasi pada saat of their principal value at maturity, consisting of 3 series:
jatuh tempo yang terdiri dari 3 seri, yakni Seri A sebesar Series A amounting to Rp100,000,000,000, Series B
Rp100.000.000.000,-, Seri B sebesar Rp500.000.000.000,-, amounting to Rp500,000,000,000, and Series C amounting
dan Seri C sebesar Rp200.000.000.000,-. to Rp200,000,000,000.
2. Pada 22 Agustus 2025, Perseroan menerbitkan dan 2. On 22 August 2025, the Company issued and offered
menawarkan Obligasi Berkelanjutan III Sinar Mas Multiartha the Sinar Mas Multiartha Sustainable Bonds III Phase III
Tahap III Tahun 2025 dengan Tingkat Bunga Tetap sebesar Year 2025 with a Fixed Interest Rate amounting to
Rp300.000.000.000,-. Obligasi tersebut ditawarkan dengan Rp300,000,000,000. The bonds were offered at 100% of
nilai 100% dari jumlah pokok obligasi pada saat jatuh tempo. their principal value at maturity.
PT Sinar Mas Multiartha Tbk - 27
Page 30
Kilas Kinerja
Performance Highlights
3. Pada 24 Oktober 2025, Perseroan menerbitkan dan 3. On 24 October 2025, the Company issued and offered
menawarkan Obligasi Berkelanjutan III Sinar Mas Multiartha Sustainable Bond III Sinar Mas Multiartha Phase IV
Tahap IV Tahun 2025 dengan Tingkat Bunga Tetap sebesar Year 2025 with a Fixed Interest Rate amounting to
Rp1.050.000.000.000,-. Obligasi tersebut ditawarkan dengan Rp1,050,000,000,000. The bonds were offered at 100% of
nilai 100% dari jumlah pokok obligasi pada saat jatuh tempo. the principal amount of the bonds at maturity.
Selain penerbitan dan penawaran obligasi, Perseroan tidak Apart from the bond issuance and offering, the Company did
melakukan aksi korporasi lain, baik berupa pemecahan saham, not undertake any other corporate actions, including stock
penggabungan saham, pembagian dividen saham dan saham splits, reverse stock splits, stock dividends or bonus shares,
bonus, penerbitan efek konversi, serta perubahan nilai nominal issuance of convertible securities, or changes in nominal share
saham atau jumlah saham beredar. value or number of outstanding shares.
Ikhtisar Obligasi
Bonds Highlights
Rincian obligasi yang belum dilunasi Perseroan disajikan The details of the Company’s outstanding bonds are presented
sebagai berikut. as follows.
Tingkat Nilai Efek
Bunga Dicatatkan Jumlah
Tanggal Tanggal Jatuh
per Tahun (jutaan Rupiah) yang Masih
Uraian Efektif Tempo
Interest Value of Terhutang
Description Effective Maturity
Rate per Securities Outstanding
Date Date
Annum Listed Amount
(%) (million Rupiah)
Obligasi Berkelanjutan III Tahap II Tahun 2025 Seri A 28 Maret 2024 27 Januari 2026
7.00 100,000 100,000
Sustainable Bonds III Phase II Year 2025 Series A 28 March 2024 27 January 2026
Obligasi Berkelanjutan II Tahap II Tahun 2022 Seri D 27 Agustus 2021 26 Agustus 2027
9.75 1,102,000 1,102,000
Sustainable Bonds II Phase II Year 2022 Series D 27 August 2021 26 August 2027
Obligasi Berkelanjutan II Tahap III Tahun 2022 Seri A 27 Agustus 2021 4 Oktober 2027
9.75 580,000 580,000
Sustainable Bonds II Phase III Year 2022 Series A 27 August 2021 4 October 2027
Obligasi Berkelanjutan III Tahap II Tahun 2025 Seri B 28 Maret 2024 17 Januari 2028
8.25 500,000 500,000
Sustainable Bonds III Phase II Year 2025 Series B 28 March 2024 17 January 2028
Obligasi Berkelanjutan III Tahap I Tahun 2024 28 Maret 2024 5 April 2029
10.00 1,500,000 1,500,000
Sustainable Bonds III Phase I Year 2024 28 March 2024 5 April 2029
Obligasi Berkelanjutan III Tahap II Tahun 2025 Seri C 28 Maret 2024 17 Januari 2030
9.00 200,000 200,000
Sustainable Bonds III Phase II Year 2025 Series C 28 March 2024 17 January 2030
Obligasi Berkelanjutan III Tahap III Tahun 2025 28 Maret 2024 21 Agustus 2030
8.50 300,000 300,000
Sustainable Bonds III Phase III Year 2025 28 March 2024 21 August 2030
Obligasi Berkelanjutan II Tahap III Tahun 2022 Seri B 27 Agustus 2021 4 Oktober 2032
10.50 1,080,000 1,080,000
Sustainable Bonds II Phase III Year 2022 Series B 27 August 2021 4 October 2032
Obligasi Berkelanjutan II Tahap IV Tahun 2023 27 Agustus 2021 7 Maret 2033
10.50 784,719 784,719
Sustainable Bonds II Phase IV Year 2023 27 August 2021 7 March 2033
Obligasi Berkelanjutan III Tahap IV Tahun 2025 28 Maret 2024 23 Oktober 2030
8.00 1,050,000 1,050,000
Sustainable Bonds III Phase IV Year 2025 28 March 2024 23 October 2030
Total 7,196,719
Keterangan / Remark:
Peringkat Obligasi IrAA dicatatkan oleh PT Kredit Rating Indonesia. / The Bonds were rated IrAA by PT Kredit Rating Indonesia.
28 - PT Sinar Mas Multiartha Tbk
Page 31
Laporan Tahunan 2025
2025 Annual Report
Penghargaan
Awards
Indeks TEMPO-IDNFinancials 52
Kategori Main Index, High Growth, dan High Market Capitalization
TEMPO-IDNFinancials 52 Index
Category Main Index, High Growth, and High Market Capitalization
Penyelenggara / Organizer:
Tempo IDN Financials
Tanggal Perolehan / Receipt Date:
19 September 2025 / 19 September 2025
Indonesia’s Biggest Companies
Kategori Financials pada Fortune Indonesia 100 - 2025
Indonesia’s Biggest Companies
Financials Category in Fortune Indonesia 100 - 2025
Penyelenggara / Organizer:
The Finance
Tanggal Perolehan / Receipt Date:
28 Oktober 2025 / 28 October 2025
Keanggotaan Asosiasi [POJK.51-C.5]
Association Membership
Kamar Dagang dan Industri (KADIN) Asosiasi Pengusaha Indonesia (APINDO)
Chambers of Commerce and Industry (KADIN) Indonesia’s Employers Association (APINDO)
Skala Asosiasi / Association Scale: Skala Asosiasi / Association Scale:
Nasional / National Nasional / National
Posisi Perseroan / Company's Position: Posisi Perseroan / Company's Position:
Anggota / Member Anggota / Member
PT Sinar Mas Multiartha Tbk - 29
Page 32
Kilas Kinerja
Performance Highlights
Peristiwa Penting
Significant Events
RUPS Tahunan dan Luar Biasa, 19 Juni 2025 Paparan Publik, 1 Desember 2025
Annual and Extraordinary GMS, 19 June 2025 Public Expose, 1 December 2025
Januari / January Februari / February
Perseroan menerbitkan dan menawarkan Obligasi Berkelanjutan III Perseroan melakukan investasi pada Global Asian Investments Limited
Sinar Mas Multiartha Tahap II Tahun 2025 dengan jumlah pokok obligasi berkedudukan di Hong Kong yang bergerak dalam bidang Investasi
sebesar Rp800.000.000.000,-. sebesar RMB9.000.000 atau equivalen dengan USD1.250.000.
The Company issued and offered Sustainable Bond III The Company made an investment in Global Asian Investments
Sinar Mas Multiartha Phase II Year 2025 with a principal amount Limited, domiciled in Hong Kong and engaged in the investment sector,
of Rp800,000,000,000. amounting to RMB9,000,000 or equivalent to USD1,250,000.
Mei / May Juni / June
Perseroan melakukan tambahan setoran modal/investasi pada Pada tanggal 19 Juni 2025, Perseroan menyelenggarakan Rapat
PT Asuransi Sinar Mas Syariah, berkedudukan di Jakarta Pusat yang Umum Pemegang Saham (RUPS) Tahunan dan RUPS Luar Biasa.
bergerak dalam bidang Asuransi Umum Syariah sebanyak 0,001%. On 19 June 2025, the Company held Annual General Meeting of
The Company made an additional capital injection/investment in Shareholders (GMS) and Extraordinary GMS.
PT Asuransi Sinar Mas Syariah, domiciled in Central Jakarta and
engaged in the Sharia General Insurance sector, amounting to 0.001%.
Juli / July
Perseroan memberikan pinjaman kepada Entitas Anak, yaitu PT Sinar The Company provided a loan to its Subsidiary, PT Sinar Mas
Mas Multifinance, berkedudukan di Jakarta Pusat, sebanyak-banyaknya Multifinance, domiciled in Central Jakarta, up to a maximum amount
sebesar Rp121.000.000.000,-. of Rp121,000,000,000.
Agustus / August
• Perseroan melakukan tambahan setoran modal/investasi pada • The Company made an additional capital injection/investment in
PT Rizki Lancar Sentosa, yang berkedudukan di Jakarta Barat, PT Rizki Lancar Sentosa, domiciled in West Jakarta, amounting to
sebesar Rp365.055.000.000,-, dengan perincian sebagai berikut. Rp365,055,000,000, with the following details.
- Melalui konversi utang menjadi saham (debt-to-equity swap) - Through conversion of debt into shares (debt-to-equity swap)
sebesar Rp340.000.000.000,- atau sebanyak 340.000 saham. amounting to Rp340,000,000,000 or 340,000 shares.
- Melalui pengeluaran saham-saham dalam portepel sebesar - Through the issuance of shares in the portfolio amounting to
Rp25.055.000000,- atau sebanyak 25.055 saham dan Rp25,055,000,000 or 25,055 shares and paid in cash into the
disetorkan secara tunai ke dalam kas Perseroan. Company’s treasury.
• Perseroan menerbitkan dan menawarkan Obligasi Berkelanjutan III • The Company issued and offered Sustainable Bond III Sinar
Sinar Mas Multiartha Tahap III Tahun 2025 dengan jumlah pokok Mas Multiartha Phase III Year 2025 with a principal amount of
obligasi sebesar Rp300.000.000.000,-. Rp300,000,000,000.
30 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
RUPS Luar Biasa, 18 November 2025
Extraordinary GMS, 18 November 2025
Agustus / August
• PT Sinar Mas Multiartha Tbk telah melunasi Obligasi Berkelanjutan II • PT Sinar Mas Multiartha Tbk fully repaid Sustainable Bond II Sinar
Sinar Mas Multiartha Tahap II Tahun 2022 Seri C yang jatuh tempo Mas Multiartha Phase II Year 2022 Series C which matured on
pada tanggal 26 Agustus 2025 sebesar Rp305.131.000.000,-. 26 August 2025 amounting to Rp305,131,000,000.
Oktober / October
• Perseroan menerbitkan dan menawarkan Obligasi Berkelanjutan III • The Company issued and offered Sustainable Bond III
Sinar Mas Multiartha Tahap IV Tahun 2025 dengan jumlah pokok Sinar Mas Multiartha Phase IV Year 2025 with a principal amount
obligasi sebesar Rp1.050.000.000.000,-. of Rp1,050,000,000,000.
• Perseroan memberikan pinjaman Pemegang Saham kepada • The Company provided a Shareholder Loan to its Subsidiary,
Entitas Anak, yaitu PT AB Sinar Mas Multifinance sebesar PT AB Sinar Mas Multifinance, amounting to Rp433,950,000,000
Rp433.950.000.000,- yang dilakukan secara bertahap. Bahwa which was carried out in stages. The loan funds originated from
dana pinjaman berasal dari Realisasi Penggunaan Dana PUB the realization of the use of funds from the Public Offering of
Obligasi Berkelanjutan III Sinar Mas Multiartha Tahap I Tahun 2024. Sustainable Bond III Sinar Mas Multiartha Phase I Year 2024.
November / November
• Perseroan melunasi Obligasi Berkelanjutan I Sinar Mas Multiartha • The Company repaid Sustainable Bond I Sinar Mas Multiartha
Tahap II Tahun 2020 Seri B yang jatuh tempo pada tanggal Phase II Year 2020 Series B which matured on 11 November 2025
11 November 2025 sebesar Rp874.000.000.000,-. amounting to Rp874,000,000,000.
• Pada tanggal 18 November, Perseroan menyelenggarakan RUPS • On 18 November, the Company held Extraordinary GMS.
Luar Biasa.
• Perseroan melakukan penyertaan modal/investasi pada • The Company made a capital participation/investment in
PT Lembaga Sertifikasi Profesi Asuransi Kompetensi Indonesia PT Lembaga Sertifikasi Profesi Asuransi Kompetensi Indonesia
(LSP AKASI) sebesar Rp8.000.000,-. (LSP AKASI) amounting to Rp8,000,000.
Desember / December
Pada 1 Desember 2025, Perseroan menyelenggarakan Paparan Publik. On 1 December 2025, the Company held a Public Expose.
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Laporan Dewan Komisaris
Report from the Board of Commissioners
Perseroan menunjukkan kinerja
yang resilien sepanjang tahun 2025
melalui optimalisasi peran Entitas Anak
dan penguatan sinergi antar lini usaha,
didukung oleh inovasi layanan serta
penerapan tata kelola yang prudent. Dewan
Komisaris menilai Direksi telah menjalankan
pengelolaan secara efektif dalam menjaga
kesinambungan usaha, memperkuat
struktur permodalan, serta merespons
dinamika industri dengan strategi yang
adaptif dan berkelanjutan.
The Company demonstrated resilient
performance throughout 2025 through
the optimization of the role of Subsidiaries
and the strengthening of synergies across
business lines, supported by service
innovation and the implementation
of prudent governance. The Board of
Commissioners considers that the Board of
Directors has carried out management
effectively in maintaining
business continuity, strengthening
the capital structure, and responding
to industry dynamics with adaptive and
sustainable strategies.
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Pemegang Saham dan Pemangku Kepentingan yang Terhormat,
Dear Esteemed Shareholders and Stakeholders,
Sepanjang tahun 2025, PT Sinar Mas Multiartha Tbk menegaskan Throughout 2025, PT Sinar Mas Multiartha Tbk reaffirmed
kekuatan model bisnis terdiversifikasi melalui optimalisasi the strength of its diversified business model through optimizing
peran masing-masing Entitas Anak serta penguatan sinergi the role of each Subsidiary and strengthening synergy among
antar lini usaha. Pendekatan ini memungkinkan Perseroan business lines. This approach enabled the Company not only
untuk tidak hanya menjaga stabilitas kinerja, tetapi juga secara to maintain performance stability, but also to actively capture
aktif menangkap peluang pertumbuhan di berbagai segmen growth opportunities across various financial services segments
jasa keuangan dan segmen lain yang dijalankan. Di tengah and other segments in which it operates. Amid industry
dinamika industri dan perubahan preferensi nasabah, Perseroan dynamics and changes in customer preferences, the Company
mendorong penguatan inovasi layanan dan peningkatan encouraged the strengthening of service innovation and
kualitas operasional di seluruh Entitas Anak sebagai bagian dari the improvement of operational quality across all Subsidiaries as
upaya memperkuat daya saing jangka panjang. part of its efforts to strengthen long-term competitiveness.
Dalam konteks tersebut, Perseroan mampu mempertahankan In this context, the Company was able to maintain resilient
kinerja yang resilien dengan tetap mengedepankan prinsip performance while continuing to prioritize prudential principles
kehati-hatian serta penguatan tata kelola. Dewan Komisaris and strengthened governance. The Board of Commissioners
menilai Direksi telah menjalankan fungsi pengelolaan secara viewed that the Board of Directors had carried out its management
efektif, khususnya dalam mengelola risiko, menangkap peluang functions effectively, particularly in managing risks, capturing
pertumbuhan, serta menjaga kesinambungan usaha di tengah growth opportunities, and maintaining business continuity amid
kondisi yang dinamis. Rangkaian strategi yang ditempuh dynamic conditions. The series of strategies implemented by
Direksi juga telah diarahkan pada upaya membangun masa the Board of Directors had also been directed toward efforts to
depan, khususnya industri jasa keuangan, dengan landasan build the future, particularly of the financial services industry,
yang semakin kuat, adaptif, dan bertanggung jawab. Dewan on an increasingly strong, adaptive, and responsible foundation.
Komisaris pun menyampaikan apresiasi atas komitmen dan The Board of Commissioners also expressed its appreciation for
profesionalisme Direksi beserta seluruh jajaran manajemen, the commitment and professionalism of the Board of Directors
yang menjadi fondasi penting bagi Perseroan untuk terus and all levels of management, which became an important
tumbuh secara berkelanjutan dan memberikan kontribusi foundation for the Company to continue growing sustainably
optimal bagi seluruh pemangku kepentingan. and making an optimal contribution to all stakeholders.
Pandangan Dewan Komisaris atas pelaksanaan pengelolaan The views of the Board of Commissioners on the implementation
tersebut diuraikan sebagai berikut. of such management are described as follows.
Penilaian Kinerja Direksi Assessment of the Performance of
the Board of Directors
Dewan Komisaris menilai bahwa Direksi telah menjalankan The Board of Commissioners assessed that the Board of
tugas dan tanggung jawabnya dengan baik sepanjang tahun Directors had carried out its duties and responsibilities well
2025. Secara umum, kinerja Perseroan menunjukkan hasil yang throughout 2025. In general, the Company had positive
positif, didukung oleh kontribusi Entitas Anak pada sejumlah results, supported by the contributions its Subsidiaries on
segmen usaha yang mencatatkan pertumbuhan, sehingga several business segments that recorded growth, enabling
mampu menopang pencapaian kinerja Perseroan secara them to support the overall achievement of the Company.
keseluruhan. Dewan Komisaris melihat bahwa Direksi telah The Board of Commissioners observed that the Board of Directors
berupaya menjaga kesinambungan pengelolaan Perseroan had sought to maintain the continuity of the Company’s
Fuganto Widjaja
Komisaris Utama / President Commissioner
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melalui penguatan koordinasi antar lini usaha, peningkatan management through strengthened coordination among
kualitas pengambilan keputusan, serta penyesuaian langkah- business lines, improved quality of decision-making, and
langkah strategis terhadap perubahan lingkungan usaha. adjustments to strategic measures in response to changes in
Namun, Dewan Komisaris mendorong Direksi untuk terus the business environment. However, the Board of Commissioners
memperkuat strategi pada lini usaha yang masih menghadapi encouraged the Board of Directors to continue strengthening
tantangan, sehingga kinerja Perseroan dapat semakin optimal strategies in business lines that still faced challenges, so that
secara berkelanjutan. the Company’s performance could become increasingly optimal
in a sustainable manner.
Selain capaian kinerja, Dewan Komisaris menilai bahwa In addition to performance achievements, the Board of
Direksi telah mengambil langkah strategis dalam memperkuat Commissioners assessed that the Board of Directors had
struktur permodalan Perseroan melalui penerbitan Obligasi taken strategic measures to strengthen the Company’s
Berkelanjutan III Sinar Mas Multiartha Tahap II, Tahap III, dan capital structure through the issuance of Sinar Mas Multiartha
Tahap IV Tahun 2025 dengan total nilai sebesar Rp2,15 triliun. Sustainable Bonds III Phase II, Phase III, and Phase IV in 2025,
Dana yang diperoleh tidak hanya mendukung kebutuhan with a total value of Rp2.15 trillion. The funds obtained not only
pengembangan usaha Entitas Anak, tetapi juga diarahkan supported the business development needs of Subsidiaries,
untuk refinancing kewajiban yang jatuh tempo serta menjaga but were also directed toward refinancing maturing obligations
fleksibilitas pendanaan Perseroan secara lebih terukur. Dewan and maintaining the Company’s funding flexibility in a more
Komisaris memandang bahwa kebijakan pendanaan tersebut measured manner. The Board of Commissioners viewed that
mencerminkan pengelolaan keuangan yang prudent dan such funding policy reflected prudent and strategic financial
strategis, sejalan dengan peran besar Perseroan sebagai management, in line with the Company’s significant role as
perusahaan induk. a holding company.
Pengawasan dalam Perumusan dan Supervision in the Formulation and
Implementasi Strategi Implementation of Strategy
Sepanjang tahun 2025, fokus pengawasan Dewan Komisaris Throughout 2025, the supervisory focus of the Board
diarahkan pada penguatan kualitas perumusan strategi of Commissioners was directed toward strengthening
serta efektivitas implementasinya di seluruh lini usaha. the quality of strategy formulation and the effectiveness of its
Dalam hal ini, Dewan Komisaris secara aktif terlibat dalam implementation across all business lines. In this regard, the Board
memberikan pandangan strategis kepada Direksi, termasuk of Commissioners was actively involved in providing strategic
dalam menelaah arah kebijakan, prioritas pengembangan views to the Board of Directors, including in reviewing policy
usaha, serta kesiapan Perseroan dalam merespons dinamika directions, business development priorities, and the Company’s
industri jasa keuangan yang terus berkembang. Pembahasan readiness in responding to the continuously evolving dynamics
atas rencana bisnis dan inisiatif strategis dilakukan secara of the financial services industry. Discussions regarding business
menyeluruh melalui forum rapat dan mekanisme kerja komite, plans and strategic initiatives were carried out comprehensively
sehingga setiap keputusan yang diambil memiliki dasar through meeting forums and committee work mechanisms, so
pertimbangan yang matang dan selaras dengan kepentingan that every decision taken had a well-considered basis and was
jangka panjang Perseroan. aligned with the Company’s long-term interests.
Dalam kapasitas sebagai perusahaan induk, Dewan Komisaris In its capacity as a holding company, the Board of Commissioners
juga melakukan pengawasan terhadap keselarasan strategi di also supervised the alignment of strategies across all Subsidiaries
seluruh Entitas Anak secara terintegrasi. Pengawasan tersebut in an integrated manner. Such supervision included reviewing
mencakup penelaahan rencana bisnis, pemantauan kinerja, serta business plans, monitoring performance, and evaluating
evaluasi atas pelaksanaan kebijakan strategis di masing-masing the implementation of strategic policies in each Subsidiary.
Entitas Anak. Melalui koordinasi yang berkesinambungan, Through continuous coordination, the Board of Commissioners
Dewan Komisaris memastikan bahwa implementasi strategi ensured that strategy implementation was carried out
berjalan secara konsisten dan mendukung pencapaian kinerja consistently and supported the achievement of consolidated
konsolidasi. Selain itu, Dewan Komisaris turut memberikan performance. In addition, the Board of Commissioners also
rekomendasi yang konstruktif guna memperkuat sinergi antar provided constructive recommendations in order to strengthen
lini usaha dan meningkatkan efektivitas pelaksanaan strategi synergy among business lines and improve the effectiveness of
di seluruh Entitas Anak. strategy implementation across all Subsidiaries.
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Pandangan atas Prospek Usaha Business Outlook
Tahun 2026 akan sangat dipengaruhi oleh dinamika ekonomi The year 2026 will be heavily influenced by global economic
global yang masih diliputi ketidakpastian. International dynamics that continue to be surrounded by uncertainty.
Monetary Fund memperkirakan pertumbuhan ekonomi global The International Monetary Fund projects global economic
berada pada kisaran 3,3%, dengan keseimbangan risiko growth to remain in the range of 3.3%, with the balance of
yang cenderung mengarah ke bawah akibat ketidakpastian risks tending toward to the downside due to trade policy
kebijakan perdagangan, tingginya valuasi aset keuangan, serta uncertainty, high financial asset valuations, and escalating
eskalasi ketegangan geopolitik. Bank Indonesia juga menyoroti geopolitical tensions. Bank Indonesia has also highlighted
bahwa tekanan eksternal, termasuk dampak konflik di Timur that external pressures, including the impact of conflicts in
Tengah, telah mempengaruhi stabilitas pasar keuangan global, the Middle East, have affected the stability of global financial
memperkuat dolar Amerika Serikat, serta membatasi ruang markets, strengthened the United States dollar, and limited
pelonggaran kebijakan moneter. Kondisi ini menuntut pelaku room for monetary policy easing. These conditions require
usaha untuk semakin disiplin dalam mengelola sumber daya, business actors to become increasingly disciplined in managing
likuiditas, risiko pasar, serta kualitas pembiayaan. resources, liquidity, market risks, and financing quality.
Sementara itu, perekonomian Indonesia tetap menunjukkan Meanwhile, the Indonesian economy continues to show relatively
fundamental yang relatif kuat dengan pertumbuhan yang strong fundamentals, with projected growth in the range
diproyeksikan berada pada kisaran 4,9%–5,7% serta inflasi of 4.9%–5.7% and maintained inflation. These conditions
yang terjaga. Kondisi tersebut memberikan ruang bagi pelaku provide room for business actors to continue growing, although
usaha untuk terus berkembang, meskipun tetap memerlukan they still require more prudent risk management. The Board of
pengelolaan risiko yang lebih cermat. Dewan Komisaris Commissioners views that the Company’s strategic direction
memandang bahwa arah strategi Perseroan telah berada has been on the right track, particularly in strengthening synergy
pada jalur yang tepat, khususnya dalam memperkuat sinergi among Subsidiaries, optimizing consolidated performance, and
antar Entitas Anak, mengoptimalkan kinerja konsolidasi, serta developing digital capabilities. Going forward, the Company is
mengembangkan kapabilitas digital. Ke depan, Perseroan expected to continue maintaining a balance between growth
diharapkan terus menjaga keseimbangan antara pertumbuhan and prudence, while ensuring that strategy implementation is
dan kehati-hatian, serta memastikan implementasi strategi carried out effectively across all Subsidiaries in order to support
berjalan efektif di seluruh Entitas Anak guna mendukung sustainable performance.
keberlanjutan kinerja.
Pandangan atas Penerapan Tata Kelola View on the Implementation of Good
Perusahaan yang Baik Corporate Governance
Penerapan tata kelola perusahaan yang baik (good corporate The implementation of good corporate governance (GCG)
governance/GCG) di Perseroan terus diperkuat seiring dengan in the Company continues to be strengthened in line with
kompleksitas usaha sebagai kelompok jasa keuangan. Dewan the complexity of its business as a financial services group.
Komisaris memandang bahwa penerapan GCG tidak hanya The Board of Commissioners views that the implementation of
berfokus pada kepatuhan terhadap regulasi, tetapi juga GCG does not only focus on compliance with regulations, but is
diarahkan pada peningkatan kualitas pengendalian internal, also directed toward improving the quality of internal controls,
efektivitas manajemen risiko, serta konsistensi implementasi the effectiveness of risk management, and the consistency
kebijakan di seluruh Entitas Anak. Dalam hal ini, Direksi dinilai of policy implementation across all Subsidiaries. In this regard,
telah mengelola kerangka tata kelola secara terstruktur dan the Board of Directors is considered to have managed the
terintegrasi, sehingga mampu mendukung keberlangsungan governance framework in a structured and integrated manner,
usaha yang sehat dan berkelanjutan. thereby supporting healthy and sustainable business continuity.
Dewan Komisaris juga menilai bahwa fungsi pengawasan berjalan The Board of Commissioners also assesses that the supervisory
secara efektif melalui peran aktif komite-komite di bawah function has operated effectively through the active role of
Dewan Komisaris, khususnya Komite Audit dalam menelaah the committees under the Board of Commissioners, particularly
kecukupan pengendalian internal serta kualitas pelaporan the Audit Committee in reviewing the adequacy of internal
keuangan. Penerapan manajemen risiko dilakukan secara controls and the quality of financial reporting. Risk management
menyeluruh, mencakup proses identifikasi hingga mitigasi risiko has been implemented comprehensively, covering the process
yang terintegrasi di tingkat Perseroan dan Entitas Anak. Dengan from risk identification to integrated risk mitigation at both
struktur tata kelola yang solid serta evaluasi yang dilakukan the Company and Subsidiary levels. With a solid governance
secara berkesinambungan, Perseroan dinilai telah memiliki fondasi structure and continuous evaluation, the Company is
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GCG yang memadai untuk menjaga kepercayaan pemangku considered to have an adequate GCG foundation to maintain
kepentingan serta memastikan kepatuhan terhadap regulasi. stakeholder trust and ensure compliance with regulations.
Perubahan Komposisi Dewan Komisaris Changes in the Composition of
the Board of Commissioners
Sepanjang tahun 2025, tidak terdapat perubahan terkait Throughout 2025, there were no changes to the composition
komposisi anggota Dewan Komisaris Perseroan. Susunan of the members of the Company’s Board of Commissioners.
anggota Dewan Komisaris saat ini sebagai berikut. The current composition of the Board of Commissioners is
as follows.
Jabatan Nama
Position Name
Komisaris Utama
Fuganto Widjaja
President Commissioner
Komisaris Independen
Robinson Simbolon
Independent Commissioner
Komisaris Independen
Ketut Sanjaya
Independent Commissioner
Penutup dan Apresiasi Closing and Appreciation
Sebagai penutup, Dewan Komisaris menyampaikan In closing, the Board of Commissioners would like to express
penghargaan kepada Direksi dan seluruh jajaran manajemen its appreciation to the Board of Directors and all levels of
atas komitmen, dedikasi, serta upaya yang telah dilakukan dalam management for the commitment, dedication, and efforts made
mengelola Perseroan sepanjang tahun 2025. Dewan Komisaris in managing the Company throughout 2025. The Board of
juga mengucapkan terima kasih kepada para Pemegang Saham Commissioners also extends its gratitude to the Shareholders
atas kepercayaan dan dukungan yang terus diberikan. Apresiasi for their continued trust and support. Appreciation is also
turut disampaikan kepada Otoritas Jasa Keuangan dan Bank extended to the Financial Services Authority and Bank Indonesia
Indonesia atas peran aktif dalam memberikan arahan dan for their active roles in providing guidance and supervision, as
pengawasan, serta kepada seluruh pemangku kepentingan well as to all stakeholders who have supported the continuity of
yang telah mendukung keberlangsungan usaha Perseroan. the Company’s business.
Menghadapi tahun 2026, Dewan Komisaris memandang bahwa In facing 2026, the Board of Commissioners views that
Perseroan memiliki fondasi yang memadai untuk terus bertumbuh the Company has an adequate foundation to continue growing
di tengah dinamika yang ada. Dewan Komisaris akan senantiasa amid the existing dynamics. The Board of Commissioners
menjalankan fungsi pengawasan dan pemberian nasihat strategis will continue to carry out its supervisory function and provide
secara optimal guna mendukung Direksi dalam mencapai target strategic advice optimally in order to support the Board of
yang telah ditetapkan serta menjaga keberlanjutan kinerja Directors in achieving the established targets and maintaining
Perseroan ke depan. the sustainability of the Company’s performance in the future.
Atas nama Dewan Komisaris
On behalf of the Board of Commissioners
PT Sinar Mas Multiartha Tbk,
Fuganto Widjaja
Komisaris Utama
President Commissioner
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Dewan Komisaris
Board of Commissioners
3 1 2
Keterangan: Description:
1. FUGANTO WIDJAJA 1. FUGANTO WIDJAJA
Komisaris Utama President Commissioner
2. ROBINSON SIMBOLON 2. ROBINSON SIMBOLON
Komisaris Independen Independent Commissioner
3. KETUT SANJAYA 3. KETUT SANJAYA
Komisaris Independen Independent Commissioner
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Laporan Direksi [POJK.51-D.1]
Report from the Board of Directors
Sepanjang tahun 2025, Perseroan
memperkuat peran sebagai
perusahaan induk melalui
penguatan sinergi antar Entitas
Anak, transformasi digital,
serta penerapan tata kelola dan
manajemen risiko yang disiplin guna
menjaga keseimbangan antara
pertumbuhan dan keberlanjutan.
Direksi juga menegaskan
komitmen dalam menciptakan nilai
jangka panjang melalui penguatan
fondasi bisnis, optimalisasi kinerja
konsolidasi, serta strategi adaptif
dalam merespons dinamika industri
jasa keuangan.
Throughout 2025, the Company
strengthened its role as a holding
company through stronger
synergies among Subsidiaries,
digital transformation, as
well as the implementation of
disciplined governance and risk
management in order to maintain
a balance between growth and
sustainability. The Board of
Directors also reaffirmed its
commitment to creating long-
term value through strengthening
business foundations, optimizing
consolidated performance, and
adaptive strategies in responding
to the dynamics of the financial
services industry.
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Pemegang Saham dan Pemangku Kepentingan yang Terhormat,
Dear Esteemed Shareholders and Stakeholders,
Sebagai wujud pertanggungjawaban atas pengelolaan As a form of accountability for the management of
operasional, strategis, dan keberlanjutan Perseroan sepanjang the Company’s operational, strategic, and sustainability
tahun buku 2025, Direksi PT Sinar Mas Multiartha Tbk aspects throughout financial year 2025, the Board of Directors
menyampaikan laporan ini. Tahun 2025 merupakan periode of PT Sinar Mas Multiartha Tbk hereby presents this report.
penting bagi Perseroan dalam memperkuat peran sebagai The year 2025 was an important period for the Company
perusahaan induk yang mengelola portofolio usaha terdiversifikasi in strengthening its role as a holding company managing
di sektor jasa keuangan dan bidang usaha terkait lainnya. a diversified business portfolio in the financial services sector and
Di tengah dinamika ekonomi global, perubahan preferensi other related business fields. Amid global economic dynamics,
nasabah, serta percepatan transformasi digital, Perseroan changes in customer preferences, and the acceleration of
tetap berupaya menjaga keseimbangan antara pertumbuhan, digital transformation, the Company continued to strive to
kehati-hatian, dan penciptaan nilai jangka panjang. Seluruh maintain a balance between growth, prudence, and long-term
langkah strategis yang ditempuh sejalan dengan tema value creation. All strategic measures undertaken were aligned
”Mempersiapkan Masa Depan Keuangan dengan Tujuan Jelas”, with the theme “Preparing the Future of Finance with a Clear
yang menegaskan komitmen untuk membentuk masa depan Purpose", which affirms the commitment to shape the future of
industri jasa keuangan dengan arah yang jelas, fondasi yang the financial services industry with a clear direction, a strong
kuat, dan dampak yang berkelanjutan. foundation, and sustainable impact.
Direksi bersyukur bahwa Perseroan mampu menjaga The Board of Directors is grateful that the Company was
kesinambungan pengelolaan usaha melalui penguatan sinergi able to maintain business management continuity through
antar Entitas Anak, pengembangan kapabilitas digital, serta strengthening synergy among Subsidiaries, developing digital
disiplin dalam penerapan tata kelola dan manajemen risiko. capabilities, and maintaining discipline in the implementation
Sebagai perusahaan induk, Perseroan tidak hanya berfokus pada of governance and risk management. As a holding company,
kinerja masing-masing lini usaha, tetapi juga pada bagaimana the Company does not only focus on the performance of each
seluruh Entitas Anak dapat bergerak dalam arah yang saling business line, but also on how all Subsidiaries can move in
mendukung untuk menciptakan nilai yang lebih besar secara mutually supportive directions to create greater consolidated
konsolidasi. Dalam konteks tersebut, Direksi memandang value. In this context, the Board of Directors views 2025 as
tahun 2025 sebagai tahun penguatan fondasi, baik dari sisi a year of strengthening the foundation, in terms of funding,
pendanaan, model bisnis, inovasi, maupun keberlanjutan, yang business models, innovation, and sustainability, which
akan menjadi pijakan penting bagi pengembangan usaha pada will become an important basis for business development
tahun-tahun mendatang. in the years to come.
Tinjauan Ekonomi dan Industri 2025 2025 Economic and Industry Overview
Sepanjang tahun 2025, perekonomian global tetap menunjukkan Throughout 2025, the global economy continued to
ketahanan di tengah meningkatnya ketidakpastian kebijakan, demonstrate resilience amid increasing policy uncertainty,
ketegangan geopolitik, serta fragmentasi perdagangan geopolitical tensions, and international trade fragmentation, with
internasional, dengan pertumbuhan diperkirakan mencapai growth estimated at 3.3%. Global economic activity was initially
3,3%. Aktivitas ekonomi dunia sempat terdorong oleh supported by accelerated trade at the beginning of the year, but
percepatan perdagangan pada awal tahun, namun kembali slowed again in line with demand normalization and adjustments
melambat seiring normalisasi permintaan dan penyesuaian in global trade flows. Support also came from easing financial
arus perdagangan global. Dukungan juga datang dari conditions and increasing technology-based investment,
pelonggaran kondisi keuangan serta meningkatnya investasi particularly in artificial intelligence, although downside risks
Burhanuddin Abdullah
Direktur Utama / President Director
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berbasis teknologi, khususnya kecerdasan buatan, meskipun remained due to policy uncertainty and structural pressures.
risiko penurunan tetap membayangi akibat ketidakpastian Amid these dynamics, the Indonesian economy showed solid
kebijakan dan tekanan struktural. Di tengah dinamika tersebut, performance with growth of 5.11%, supported by domestic
perekonomian Indonesia menunjukkan kinerja yang solid consumption, investment, and strong export performance.
dengan pertumbuhan sebesar 5,11%, didukung oleh konsumsi Macroeconomic stability was also maintained through controlled
domestik, investasi, dan kinerja ekspor yang tetap kuat. Stabilitas inflation, a continuing trade surplus, and resilient financial
makroekonomi juga terjaga dengan inflasi yang terkendali, sector conditions, thereby providing an important foundation
surplus perdagangan yang berlanjut, serta ketahanan sektor for the sustainability of national economic growth.
keuangan yang tetap baik, sehingga menjadi fondasi penting
bagi keberlanjutan pertumbuhan ekonomi nasional.
Selaras dengan kondisi makroekonomi tersebut, sektor jasa In line with such macroeconomic conditions, Indonesia’s financial
keuangan Indonesia pada tahun 2025 juga mencatatkan kinerja services sector in 2025 also recorded positive performance
positif dengan pertumbuhan sebesar 3,96% secara tahunan, with annual growth of 3.96%, supported by the expansion
didukung oleh ekspansi intermediasi keuangan dan pemulihan of financial intermediation and recovery across various key
di berbagai sub-sektor utama. Industri perbankan sebagai sub-sectors. The banking industry, as the main contributor,
kontributor utama mencatatkan pertumbuhan intermediasi yang recorded positive intermediation growth, with loans growing by
positif, dengan kredit tumbuh sebesar 9,63% dan Dana Pihak 9.63% and Third Party Funds increasing by 13.83%, accompanied
Ketiga (DPK) meningkat sebesar 13,83%, disertai kualitas aset by maintained asset quality and strong capitalization levels.
yang tetap terjaga dan tingkat permodalan yang kuat. Likuiditas Industry liquidity also remained at an adequate level, reflecting
industri juga berada pada level yang memadai, mencerminkan the sector’s resilience in supporting financing activities.
ketahanan sektor dalam mendukung aktivitas pembiayaan. In the insurance and reinsurance sector, total commercial
Pada sektor perasuransian dan reasuransi, total aset asuransi insurance assets increased by 7.42%, supported by very strong
komersial meningkat 7,42%, didukung tingkat solvabilitas yang solvency levels, with the Risk Based Capital (RBC) ratio for life
sangat kuat dengan Risk Based Capital (RBC) asuransi jiwa insurance at 485.90% and general insurance and reinsurance
sebesar 485,90% serta asuransi umum dan reasuransi sebesar at 335.22%. Nevertheless, accumulated commercial insurance
335,22%. Meskipun demikian, akumulasi premi asuransi premiums contracted by 1.46%, influenced by a 3.81% decline
komersial terkontraksi 1,46%, dipengaruhi oleh penurunan premi in life insurance premiums, while general insurance and
asuransi jiwa sebesar 3,81%, sementara premi asuransi umum reinsurance premiums still grew by 1.51% to Rp150.74 trillion.
dan reasuransi masih tumbuh 1,51% menjadi Rp150,74 triliun. In the financing sector, financing receivables of finance
Pada sektor pembiayaan, piutang pembiayaan perusahaan companies grew by 0.61%, with financing quality remaining
pembiayaan tumbuh 0,61%, dengan kualitas pembiayaan maintained through gross Non Performing Financing (NPF) of
yang tetap terjaga melalui Non Performing Financing (NPF) 2.51% and net NPF of 0.77%, while venture capital financing
gross sebesar 2,51% dan NPF net sebesar 0,77%, sedangkan increased by 0.81%. On the other hand, outstanding online
pembiayaan modal ventura meningkat 0,81%. Di sisi lain, lending continued to record high growth of 25.44%, with
outstanding pinjaman daring masih mencatat pertumbuhan a 90-Days Default Rate (TWP90) of 4.32%.
tinggi sebesar 25,44%, dengan Tingkat Wanprestasi 90 Hari
(TWP90) sebesar 4,32%.
Sementara itu, pasar modal mencatat kinerja yang sangat kuat Meanwhile, the capital market recorded very strong performance
sepanjang tahun. Indeks Harga Saham Gabungan (IHSG) ditutup throughout the year. The Composite Stock Price Index (IHSG)
pada level 8.646,94 atau naik 22,13% secara tahunan, dengan closed at 8,646.94, or up 22.13% year on year, with the average
rerata nilai transaksi harian saham mencapai Rp18,07 triliun dan daily stock transaction value reaching Rp18.07 trillion and
jumlah investor meningkat 36,95% menjadi 20,36 juta. Industri the number of investors increasing by 36.95% to
pengelolaan investasi juga tumbuh positif, tercermin dari Assets 20.36 million. The investment management industry also
Under Management (AUM) yang mencapai Rp1.042,74 triliun grew positively, as reflected by Assets Under Management
dan NAB reksa dana sebesar Rp658,69 triliun, sementara (AUM) reaching Rp1,042.74 trillion and mutual fund NAV
penghimpunan dana melalui penawaran umum mencapai amounting to Rp658.69 trillion, while fund raising through
Rp274,80 triliun, melampaui target tahunan. Adapun pada public offerings reached Rp274.80 trillion, exceeding the annual
segmen pembangunan, perdagangan, dan jasa, prospek industri target. Meanwhile, in the development, trade, and services
tetap ditopang oleh pertumbuhan ekonomi domestik, perbaikan segments, industry prospects continued to be supported by
ekspor, dan peningkatan investasi, sehingga masih memberikan domestic economic growth, export improvement, and increased
ruang pertumbuhan yang baik, meskipun tetap sensitif terhadap investment, thereby still providing good room for growth,
tekanan biaya, fluktuasi nilai tukar, harga energi, dan dinamika although remaining sensitive to cost pressures, exchange
daya beli masyarakat. rate fluctuations, energy prices, and public purchasing
power dynamics.
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Tantangan dan Strategi Keberlanjutan Business Sustainability Challenges and
Usaha Strategies
Lingkungan usaha Perseroan pada tahun 2025 dihadapkan pada The Company’s business environment in 2025 faced
dinamika yang semakin kompleks, baik dari sisi global maupun increasingly complex dynamics, both globally and domestically.
domestik. Ketidakpastian kebijakan ekonomi, fragmentasi Economic policy uncertainty, trade fragmentation, and
perdagangan, serta peningkatan risiko geopolitik memberikan heightened geopolitical risks placed pressure on financial
tekanan terhadap stabilitas pasar keuangan dan arus modal. market stability and capital flows. Domestically, the increasing
Di dalam negeri, intensitas persaingan industri jasa keuangan intensity of competition in the financial services industry,
yang semakin tinggi, disertai percepatan digitalisasi dan accompanied by accelerated digitalization and changes in
perubahan perilaku nasabah, menuntut Perseroan untuk terus customer behavior, required the Company to continuously
meningkatkan kapabilitas adaptif di seluruh lini usaha. Sebagai improve adaptive capabilities across all business lines.
perusahaan induk, kompleksitas pengelolaan portofolio bisnis As a holding company, the complexity of managing a diversified
yang terdiversifikasi juga menjadi tantangan dalam memastikan business portfolio also became a challenge in ensuring strategic
keselarasan strategi dan optimalisasi kinerja Entitas Anak. alignment and optimizing Subsidiaries’ performance.
Untuk menjawab tantangan tersebut, Perseroan menjalankan To address these challenges, the Company implemented various
berbagai inisiatif strategis yang berfokus pada penguatan strategic initiatives focused on strengthening the foundation for
fondasi pertumbuhan jangka panjang dan percepatan kesiapan long-term growth and accelerating future readiness. Synergy
masa depan. Sinergi antar Entitas Anak terus ditingkatkan guna among Subsidiaries continued to be enhanced in order to drive
mendorong efektivitas kinerja konsolidasi serta optimalisasi the effectiveness of consolidated performance and optimize
peluang usaha. Transformasi digital juga menjadi prioritas business opportunities. Digital transformation also became
melalui pengembangan infrastruktur teknologi, integrasi a priority through the development of technology infrastructure,
sistem, dan inovasi layanan untuk meningkatkan efisiensi serta system integration, and service innovation to improve efficiency
kualitas layanan kepada nasabah. Direksi memandang bahwa and service quality for customers. The Board of Directors views
keberlanjutan usaha perlu dijaga melalui kemampuan Perseroan that business sustainability must be maintained through the ability
dan Entitas Anak untuk terus relevan terhadap kebutuhan pasar, of the Company and its Subsidiaries to remain relevant to market
mempercepat inovasi, serta mengelola dampak ekonomi, sosial, needs, accelerate innovation, and manage economic, social,
dan lingkungan secara lebih terstruktur. and environmental impacts in a more structured manner.
Di sisi pendanaan, Perseroan memperkuat struktur permodalan In terms of funding, the Company strengthened its capital
dan likuiditas melalui penerbitan Obligasi Berkelanjutan III structure and liquidity through the issuance of Sustainable
Tahap II, Tahap III, dan Tahap IV Tahun 2025 dengan total Bonds III Phase II, Phase III, and Phase IV in 2025, with a total
nilai sebesar Rp2,15 triliun. Dana tersebut dimanfaatkan value of Rp2.15 trillion. These funds were utilized in a targeted
secara terarah, antara lain untuk pelunasan lebih awal obligasi manner, including for the early repayment of Subsidiaries’
Entitas Anak, refinancing kewajiban obligasi Perseroan, serta bonds, refinancing of the Company’s bond obligations, and
mendukung modal kerja Perseroan dan pengembangan supporting the Company’s working capital and the business
usaha Entitas Anak. Kebijakan ini mencerminkan pendekatan development of Subsidiaries. This policy reflects the Board of
Direksi yang tidak semata-mata ekspansif, tetapi juga terukur Directors’ approach, which is not merely expansive, but also
dalam mengelola profil jatuh tempo, fleksibilitas pendanaan, measured in managing maturity profiles, funding flexibility, and
dan kesinambungan likuiditas grup. Seluruh langkah tersebut the continuity of group liquidity. All of these measures were
dilaksanakan dengan tetap mengedepankan prinsip kehati- implemented while continuing to prioritize prudential principles,
hatian, tata kelola yang baik, serta penguatan kualitas good governance, and the strengthening of human resources
sumber daya manusia, sehingga Perseroan mampu menjaga quality, thereby enabling the Company to maintain business
keberlanjutan usaha dan meningkatkan daya saing di tengah sustainability and enhance competitiveness amid changes in
perubahan lingkungan bisnis. the business environment.
Peranan Direksi dalam Perumusan dan The Role of the Board of Directors in
Implementasi Strategi the Formulation and Implementation
of Strategy
Direksi memiliki peran utama dalam menetapkan arah strategis The Board of Directors has the main role in determining the
Perseroan dengan memastikan bahwa setiap kebijakan yang Company’s strategic direction by ensuring that every policy
dirumuskan selaras dengan visi jangka panjang serta dinamika formulated is aligned with the long-term vision and the
industri jasa keuangan. Dalam proses tersebut, Direksi secara dynamics of the financial services industry. In this process,
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aktif melakukan pembahasan strategis dengan Dewan Komisaris, the Board of Directors actively conducts strategic discussions
termasuk melalui forum rapat dan mekanisme koordinasi yang with the Board of Commissioners, including through meeting
terstruktur, guna memperoleh perspektif yang komprehensif forums and structured coordination mechanisms, in order
dalam pengambilan keputusan. Setiap strategi yang ditetapkan to obtain comprehensive perspectives in decision making.
dirancang dengan mempertimbangkan keseimbangan antara Every strategy established is designed by taking into account
peluang pertumbuhan, pengelolaan risiko, serta kepatuhan the balance between growth opportunities, risk management,
terhadap ketentuan yang berlaku, sehingga mampu mendukung and compliance with applicable regulations, thereby supporting
keberlanjutan usaha Perseroan. the sustainability of the Company’s business.
Dalam tahap implementasi, Direksi berperan dalam At the implementation stage, the Board of Directors plays
mengarahkan pelaksanaan strategi secara terintegrasi di a role in directing the implementation of strategy in an integrated
seluruh Entitas Anak, sejalan dengan peran Perseroan sebagai manner across all Subsidiaries, in line with the Company’s role
perusahaan induk. Direksi memastikan bahwa rencana bisnis as a holding company. The Board of Directors ensures that
dijalankan secara konsisten, disertai pemantauan kinerja business plans are implemented consistently, accompanied
dan evaluasi berkala untuk menjaga efektivitas pelaksanaan by performance monitoring and periodic evaluation to maintain
strategi. Melalui penguatan koordinasi dan sinergi antar Entitas the effectiveness of strategy implementation. Through
Anak, Direksi mendorong optimalisasi kinerja konsolidasi serta strengthened coordination and synergy among Subsidiaries,
keselarasan inisiatif strategis di berbagai lini usaha. Pendekatan the Board of Directors encourages the optimization of consolidated
ini memungkinkan Perseroan untuk merespons perubahan performance and the alignment of strategic initiatives across
lingkungan bisnis secara adaptif sekaligus menjaga pencapaian various business lines. This approach enables the Company
target yang telah ditetapkan. to respond adaptively to changes in the business environment
while maintaining the achievement of established targets.
Pencapaian Kinerja dan Target Achievement of the Company’s
Keberlanjutan Perseroan Tahun 2025 Performance and Sustainability
Targets in 2025
Sepanjang tahun 2025, Perseroan menegaskan kembali Throughout 2025, the Company reaffirmed the strength of
kekuatan model bisnis terdiversifikasi melalui optimalisasi peran its diversified business model through optimizing the role of
Entitas Anak di berbagai segmen. Secara keseluruhan, kinerja Subsidiaries across various segments. Overall, the Company’s
keuangan Perseroan pada tahun 2025 menunjukkan kondisi financial performance in 2025 remained solid amid
yang tetap solid di tengah dinamika ekonomi dan industri jasa the dynamics of the economy and the financial services
keuangan. Total aset konsolidasian Perseroan tercatat sebesar industry. The Company’s consolidated total assets were
Rp120,39 triliun, meningkat sebesar 1,07% dibandingkan recorded at Rp120.39 trillion, increasing by 1.07% compared
tahun sebelumnya dan mencapai 91,75% dari target yang to the previous year and achieving 91.75% of the established
ditetapkan. Pendapatan usaha konsolidasian tercatat sebesar target. Consolidated operating income was recorded at
Rp36,60 triliun atau tumbuh 17,59% secara tahunan, sejalan Rp36.60 trillion or grew by 17.59% year on year, in line with
dengan peningkatan aktivitas intermediasi dan kontribusi dari the increase in intermediation activities and contributions
Entitas Anak. Perseroan membukukan laba tahun berjalan from Subsidiaries. The Company recorded profit for the year
sebesar Rp2,10 triliun, mengalami peningkatan sebesar amounting to Rp2.10 trillion, representing an increase of 107.42%
107,42% dibandingkan tahun sebelumnya dengan capaian compared to the previous year with an achievement of 88.25%
sebesar 88,25% dari target, mencerminkan upaya Perseroan of the target, reflecting the Company’s efforts to maintain
dalam menjaga keseimbangan antara pertumbuhan usaha dan a balance between business growth and the management
pengelolaan biaya serta risiko. of costs and risks.
Dari sisi segmen usaha, jasa asuransi menjadi salah satu In terms of business segment, insurance service stood as
kontributor utama terhadap kinerja konsolidasi Perseroan, one of the main contributors to the Company’s consolidated
didukung oleh kontribusinya yang signifikan terhadap performance, supported by its significant contributions to
pendapatan dan laba. Selain itu, segmen jasa biro revenue and profit. In addition, the securities administration
administrasi efek serta pembangunan, perdagangan, dan bureau, construction, trading, and service segments
jasa juga mencatatkan peningkatan pendapatan yang turut also recorded revenue growth to further strengthening
memperkuat kinerja Perseroan. Di sisi lain, Perseroan terus the Company’s performance. On the other hand, the Company
melakukan penguatan kinerja pada sejumlah segmen usaha continues strengthening the performance of several business
melalui optimalisasi strategi bisnis dan peningkatan efisiensi segments through business strategies optimization and
operasional. Direksi secara berkelanjutan melakukan evaluasi operational efficiency improvement. The Board of Directors
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dan langkah-langkah perbaikan guna memastikan seluruh lini constantly evaluating and implementing measures to ensure
usaha dapat memberikan kontribusi yang optimal terhadap that all business lines are able to yield optimal contributions to
kinerja Perseroan. the Company’s performance.
Selain kinerja keuangan, Perseroan juga mencatatkan berbagai In addition to financial performance, the Company also
capaian non-keuangan yang mendukung keberlanjutan usaha. recorded various non-financial achievements that supported
Sejumlah Entitas Anak berhasil memperoleh penghargaan business sustainability. Several Subsidiaries succeeded in
atas kinerja dan inovasi, khususnya dalam transformasi digital, obtaining awards for performance and innovation, particularly
peningkatan kualitas layanan, serta penerapan tata kelola in digital transformation, service quality improvement, and
perusahaan yang baik. Perseroan bersama Entitas Anak juga the implementation of good corporate governance. The Company
terus mendorong program literasi dan inklusi keuangan, serta and its Subsidiaries also continued to promote financial literacy
memperluas akses pembiayaan bagi masyarakat dan pelaku and inclusion programs, as well as expand access to financing
usaha, termasuk UMKM. Di samping itu, berbagai program for the public and business actors, including MSMEs. In addition,
tanggung jawab sosial dilaksanakan secara berkelanjutan various social responsibility programs were implemented on an
dengan fokus pada pemberdayaan masyarakat dan peningkatan ongoing basis with a focus on community empowerment and
kesejahteraan ekonomi. improving economic welfare.
Dalam aspek lingkungan, Perseroan berperan dalam mendorong In the environmental aspect, the Company played a role in
penerapan praktik usaha yang berkelanjutan di seluruh Entitas encouraging the implementation of sustainable business
Anak melalui peningkatan efisiensi penggunaan energi, practices across all Subsidiaries through improving energy
pengelolaan penggunaan air, serta optimalisasi digitalisasi use efficiency, managing water consumption, and optimizing
proses operasional untuk mengurangi penggunaan kertas. the digitalization of operational processes to reduce paper usage.
Implementasi berbagai inisiatif tersebut dilaksanakan oleh Entitas The implementation of these various initiatives was carried out
Anak, termasuk pengendalian emisi melalui efisiensi penggunaan by Subsidiaries, including emission control through efficient
listrik dan bahan bakar, pemanfaatan teknologi yang lebih ramah use of electricity and fuel, utilization of more environmentally
lingkungan, serta penguatan budaya kerja yang berorientasi pada friendly technology, and strengthening a work culture oriented
keberlanjutan. Selain itu, Perseroan juga mendorong pembiayaan toward sustainability. In addition, the Company also encouraged
berkelanjutan melalui Entitas Anak kepada sektor-sektor yang sustainable financing through Subsidiaries to sectors that apply
menerapkan prinsip ramah lingkungan. environmentally friendly principles.
Melalui berbagai inisiatif tersebut, Perseroan menunjukkan Through these various initiatives, the Company demonstrated
komitmen dalam menciptakan nilai jangka panjang yang its commitment to creating sustainable long-term value by
berkelanjutan dengan menjaga keseimbangan antara kinerja maintaining a balance between economic performance, social
ekonomi, tanggung jawab sosial, dan kelestarian lingkungan. responsibility, and environmental preservation.
Prospek Keberlanjutan Usaha Tahun 2026 2026 Business Sustainability Outlook
Memasuki tahun 2026, Direksi melihat bahwa peluang Entering 2026, the Board of Directors views that growth
pertumbuhan di sektor jasa keuangan dan sektor lainnya opportunities in the financial services sector and other sectors
yang dijalankan Perseroan tetap terbuka di tengah dinamika operated by the Company remain open amid increasingly
global yang semakin menantang. International Monetary challenging global dynamics. The International Monetary Fund
Fund memperkirakan pertumbuhan ekonomi global berada estimates that global economic growth will remain in the range
pada kisaran 3,3% dengan keseimbangan risiko yang of 3.3%, with the balance of risks tending to increase, in line
cenderung meningkat, seiring ketidakpastian kebijakan with trade policy uncertainty, financial market volatility, and
perdagangan, volatilitas pasar keuangan, serta perkembangan geopolitical developments. On the domestic side, Indonesia’s
geopolitik. Di sisi domestik, prospek ekonomi Indonesia tetap economic outlook continues to show strong fundamentals,
menunjukkan fundamental yang kuat dengan pertumbuhan with projected growth in the range of 4.9%–5.7%, supported
yang diproyeksikan berada pada kisaran 4,9%–5,7%, didukung by domestic demand and pro-growth policies. Macroeconomic
oleh permintaan domestik dan kebijakan pro-pertumbuhan. stability also remains relatively well maintained, as reflected
Stabilitas makroekonomi juga relatif terjaga, tercermin dari in inflation that is still within the target range, with March
inflasi yang masih berada dalam rentang sasaran, dengan inflasi 2026 inflation at 3.48% and core inflation at 2.52%, as well as
Maret 2026 sebesar 3,48% dan inflasi inti sebesar 2,52%, serta a strong foreign exchange reserve position reaching
posisi cadangan devisa yang kuat mencapai USD151,9 miliar USD151.9 billion or equivalent to more than 6 months of imports.
atau setara lebih dari 6 bulan impor. Kondisi ini menunjukkan These conditions indicate that although external pressures
bahwa meskipun tekanan eksternal masih berlanjut, aktivitas continue, national economic activity still provides room for
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ekonomi nasional tetap memberikan ruang bagi pertumbuhan the growth of various industries, while continuing to pay attention
berbagai industri, dengan tetap memperhatikan dinamika nilai to exchange rate dynamics, capital flows, and the resilience of
tukar, arus modal, serta ketahanan sektor eksternal. the external sector.
Dalam merespons kondisi tersebut, Perseroan akan terus In responding to these conditions, the Company will continue to
memperkuat peran untuk mendorong optimalisasi sinergi strengthen its role in encouraging the optimization of synergy
antar Entitas Anak guna meningkatkan kinerja konsolidasi dan among Subsidiaries in order to improve consolidated performance
menciptakan nilai tambah yang berkelanjutan. Transformasi and create sustainable added value. Digital transformation
digital tetap menjadi fokus utama melalui pengembangan will remain the main focus through the development
ekosistem layanan terintegrasi, peningkatan kualitas of an integrated service ecosystem, enhancement of
pengalaman nasabah, serta pemanfaatan teknologi untuk customer experience quality, and utilization of technology
mendorong efisiensi operasional. Di sisi lain, Perseroan juga akan to encourage operational efficiency. On the other hand,
menjaga disiplin dalam pengelolaan permodalan dan likuiditas, the Company will also maintain discipline in capital and liquidity
serta memperkuat manajemen risiko guna memastikan management, as well as strengthen risk management in order
kualitas aset dan keberlanjutan pertumbuhan usaha di tengah to ensure asset quality and the sustainability of business growth
volatilitas pasar. amid market volatility.
Selain itu, Perseroan akan terus memperkuat kapabilitas In addition, the Company will continue to strengthen
organisasi melalui pengembangan sumber daya manusia, organizational capabilities through human resources
peningkatan kompetensi, serta penguatan budaya kerja development, competency development, and strengthening
yang adaptif terhadap perubahan. Dengan pendekatan yang a work culture that is adaptive to change. With an integrated
terintegrasi antara strategi pertumbuhan, pengelolaan risiko, dan approach between growth strategy, risk management, and
penguatan organisasi, Perseroan optimis dapat mempertahankan organizational strengthening, the Company is optimistic that it
kinerja yang berkelanjutan sekaligus menangkap peluang usaha will be able to maintain sustainable performance while optimally
secara optimal pada tahun 2026. capturing business opportunities in 2026.
Implementasi Tata Kelola Perusahaan Implementation of Good and Sustainable
yang Baik dan Berkelanjutan Corporate Governance
Perseroan memandang bahwa penerapan tata kelola The Company views that the implementation of good corporate
perusahaan yang baik (good corporate governance/GCG) governance (GCG) is the main foundation in maintaining
merupakan fondasi utama dalam menjaga keberlanjutan usaha business sustainability and increasing stakeholder trust.
dan meningkatkan kepercayaan pemangku kepentingan. GCG principles are not only implemented as a form of
Prinsip-prinsip GCG tidak hanya diimplementasikan sebagai compliance with applicable regulations, but also serve as
bentuk kepatuhan terhadap ketentuan yang berlaku, tetapi a framework in every strategic decision-making process.
juga menjadi kerangka kerja dalam setiap pengambilan In its implementation, the Company continues to strengthen
keputusan strategis. Dalam pelaksanaannya, Perseroan terus the application of the values of integrity, professionalism, and
memperkuat penerapan nilai-nilai integritas, profesionalisme, transparency across all Subsidiaries, thereby creating a work
dan transparansi di seluruh Entitas Anak, sehingga tercipta culture that is accountable and oriented toward long-term
budaya kerja yang akuntabel dan berorientasi pada penciptaan value creation.
nilai jangka panjang.
Sejalan dengan peran Perseroan sebagai perusahaan induk In line with the Company’s role as a holding company in
dalam konglomerasi jasa keuangan, implementasi GCG a financial services conglomerate, the implementation of GCG
dilakukan secara terintegrasi melalui penguatan sistem is carried out in an integrated manner through strengthening
pengendalian internal dan manajemen risiko di seluruh lini usaha. internal control systems and risk management across all
Kebijakan dan prosedur yang diterapkan memastikan bahwa business lines. The policies and procedures implemented
setiap aktivitas bisnis dilaksanakan dengan mempertimbangkan ensure that every business activity is carried out by taking into
aspek kepatuhan, kehati-hatian, serta keseimbangan account aspects of compliance, prudence, and the balance
antara risiko dan peluang. Direksi secara aktif melakukan between risk and opportunity. The Board of Directors actively
pemantauan dan evaluasi atas efektivitas pengendalian monitors and evaluates the effectiveness of internal controls,
internal, serta mendorong peningkatan kualitas pelaporan dan while also encouraging improvements in reporting quality
keterbukaan informasi guna menjaga transparansi kepada para and information disclosure in order to maintain transparency
pemangku kepentingan. for stakeholders.
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Selain itu, Perseroan juga mengintegrasikan aspek lingkungan, In addition, the Company also integrates environmental,
sosial, dan tata kelola (ESG) dalam strategi dan operasional social, and governance (ESG) aspects into its business
usaha. Setiap keputusan strategis mempertimbangkan strategy and operations. Every strategic decision takes into
dampak jangka panjang terhadap keberlanjutan lingkungan, account the long-term impact on environmental sustainability,
pemberdayaan masyarakat, serta praktik bisnis yang community empowerment, and responsible business practices.
bertanggung jawab. Penguatan kapabilitas organisasi, Strengthening organizational capabilities, increasing ethical
peningkatan kesadaran etika, serta pengembangan budaya awareness, and developing a culture of compliance continue
kepatuhan terus dilakukan untuk memastikan implementasi to be carried out to ensure that the implementation of GCG is
GCG berjalan secara konsisten dan berkelanjutan. Dengan consistent and sustainable. With this approach, the Company
pendekatan tersebut, Perseroan optimis dapat menjaga is optimistic that it can maintain a balance between the
keseimbangan antara pencapaian kinerja usaha dan tanggung achievement of business performance and its responsibilities to
jawab kepada seluruh pemangku kepentingan. all stakeholders.
Perubahan Komposisi Direksi Changes in the Composition of
the Board of Directors
Pada tahun 2025, terjadi beberapa kali perubahan susunan In 2025, there were several changes to the composition of
Direksi Perseroan. Berdasarkan Keputusan RUPS Luar Biasa the Company’s Board of Directors. Based on the resolution
tanggal 19 Juni 2025, Perseroan mengangkat Ibu Tjong Huei of the Extraordinary GMS dated 19 June 2025, the Company
Wey sebagai pengganti Ibu Lili Wijata yang mengundurkan diri appointed Mrs. Tjong Huei Wey as the replacement for
pada 19 Februari 2025. Selanjutnya, melalui Keputusan RUPS Mrs. Lili Wijata, who resigned on 19 February 2025. Furthermore,
Luar Biasa tanggal 18 November 2025, Perseroan menyetujui through the resolution of the Extraordinary GMS dated
pengunduran diri Ibu Ferita serta mengangkat Ibu Lynn Ramli 18 November 2025, the Company approved the resignation of
sebagai penggantinya. Pada RUPS yang sama, Perseroan Mrs. Ferita and appointed Mrs. Lynn Ramli as her replacement.
juga mengangkat Bapak Eric Buntoro sebagai Wakil Presiden At the same GMS, the Company also appointed Mr. Eric Buntoro
Direktur Perseroan. as Vice President Director of the Company.
Dengan demikian, susunan Direksi Perseroan menjadi sebagai Accordingly, the composition of the Company’s Board of
berikut. Directors became as follows.
Jabatan Nama
Position Name
Direktur Utama
Burhanuddin Abdullah
President Director
Wakil Direktur Utama
Eric Buntoro
Vice President Director
Direktur
Agus Leman Gunawan
Director
Direktur
Felix
Director
Direktur
Ir. Dumoly Freddy Pardede
Director
Direktur
Tjong Huei Wey
Director
Direktur
Lynn Ramli
Director
Perseroan memastikan bahwa dinamika perubahan tersebut The Company ensured that such changes did not reduce
tidak mengurangi efektivitas pelaksanaan fungsi pengelolaan the effectiveness of the Board of Directors in carrying out its
oleh Direksi. Kompetensi dan pengalaman anggota Direksi yang management functions. The competencies and experience
menjabat dinilai tetap memadai untuk menjalankan peran dan of the serving members of the Board of Directors were
tanggung jawab sesuai dengan praktik terbaik di industri. considered to remain adequate to carry out their roles and
responsibilities in accordance with industry best practices.
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Penutup dan Apresiasi Closing and Appreciation
Sebagai penutup, Direksi menyampaikan apresiasi kepada In closing, the Board of Directors would like to express its
seluruh pemangku kepentingan atas dukungan dan kepercayaan appreciation to all stakeholders for the support and trust given
yang telah diberikan kepada Perseroan sepanjang tahun 2025. to the Company throughout 2025. We extend our gratitude
Penghargaan kami sampaikan kepada para Pemegang Saham to the Shareholders for their continued trust, to the Board of
atas kepercayaan yang berkelanjutan, kepada Dewan Komisaris Commissioners for its constructive guidance and supervision,
atas arahan dan pengawasan yang konstruktif, serta kepada and to regulators and relevant authorities for their support
regulator dan otoritas terkait atas dukungan dalam menjaga in maintaining the stability and development of the financial
stabilitas dan perkembangan industri jasa keuangan. Apresiasi services industry. We also express our appreciation to all
juga kami tujukan kepada seluruh karyawan Perseroan dan employees of the Company and its Subsidiaries who have
Entitas Anak yang telah menunjukkan komitmen, dedikasi, dan demonstrated commitment, dedication, and professionalism in
profesionalisme dalam menjalankan aktivitas usaha. carrying out business activities.
Dengan fondasi yang telah terbangun serta sinergi yang terus With the foundation that has been established and the synergy
diperkuat, Perseroan optimis dapat menghadapi tantangan that continues to be strengthened, the Company is optimistic
sekaligus memanfaatkan peluang di masa mendatang. Direksi that it will be able to face challenges while taking advantage
berkomitmen untuk terus menjalankan strategi yang terarah, of future opportunities. The Board of Directors is committed to
memperkuat tata kelola, serta meningkatkan kualitas kinerja continuing to implement well-directed strategies, strengthen
secara berkelanjutan guna menciptakan nilai tambah bagi governance, and sustainably improve performance quality in
seluruh pemangku kepentingan. order to create added value for all stakeholders.
Atas nama Direksi
On behalf of the Board of Directors
PT Sinar Mas Multiartha Tbk,
Burhanuddin Abdullah
Direktur Utama
President Director
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Direksi
Board of Directors
5
1 7 2 1 3 6 4
Keterangan: Description:
1. BURHANUDDIN ABDULLAH 1. BURHANUDDIN ABDULLAH
Direktur Utama President Director
2. ERIC BUNTORO 2. ERIC BUNTORO
Wakil Direktur Utama Vice President Director
3. AGUS LEMAN GUNAWAN 3. AGUS LEMAN GUNAWAN
Direktur Director
4. FELIX 4. FELIX
Direktur Director
5. IR. DUMOLY FREDDY PARDEDE 5. IR. DUMOLY FREDDY PARDEDE
Direktur Director
6. TJONG HUEI WEY 6. TJONG HUEI WEY
Direktur Director
7. LYNN RAMLI 7. LYNN RAMLI
Direktur Director
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Profil Dewan Komisaris
Profile of the Board of Commissioners
FUGANTO WIDJAJA
Komisaris Utama
President Commissioner
Warga Negara Indonesia, berusia 44 tahun, berdomisili di Jakarta.
Indonesian Citizen, 44 years old, domiciled in Jakarta.
Riwayat Pendidikan Educational Background
Sarjana bidang Computer Science and Economics, College of Arts Bachelor in Computer Science and Economics from College of Arts and
and Sciences, Cornell University, New York, Amerika Serikat (2003). Sciences, Cornell University, New York, USA (2003). Then, he finished
Kemudian, menyelesaikan pendidikan Master of Philosophy Finance, his Master of Philosophy in Finance from Judge Institute of Management,
Judge Institute of Management, Cambridge University, Inggris (2004). Cambridge University, UK (2004).
Riwayat Jabatan di Perseroan List of Positions Held in Company
Menjabat sebagai Direktur (2013-2015) dan Komisaris (Juni 2015-2023). Served as Director (2013-2015) and Commissioner (June 2015-2023).
Kemudian beliau menjabat sebagai Komisaris Utama (sejak 2023) dan Subsequently, he has held the position of President Commissioner
diangkat kembali pada 2024 dengan masa tugas sampai dengan 2027 (since 2023) and was reappointed in 2024 for a term until 2027, based on
berdasarkan Akta Pernyataan Keputusan Rapat PT Sinar Mas Multiartha Tbk the Deed of Resolution Statement of PT Sinar Mas Multiartha Tbk No. 20
No. 20 tanggal 16 Mei 2024. dated 16 May 2024.
Pengalaman Kerja Work Experience
Memiliki pengalaman di sektor investasi dan energi, termasuk sebagai He has experience in the investment and energy sectors, including
Investment Analyst UBS Bank Singapura (2003). Beliau kemudian serving as an Investment Analyst at UBS Bank Singapore (2003).
menjabat sebagai Presiden Direktur PT Super Wahana Tehno He later held the position of President Director at PT Super Wahana
(2005-2006) dan Wakil Presiden Direktur PT Borneo Indobara Tehno (2005-2006) and Vice President Director at PT Borneo
(2006-2011). Selanjutnya, beliau memegang posisi kepemimpinan Indobara (2006-2011). Subsequently, he assumed leadership roles
di berbagai perusahaan, di antaranya sebagai Presiden Direktur in various companies, including President Director of PT Roundhill
PT Roundhill Capital Indonesia (2007-2011), Presiden Komisaris Capital Indonesia (2007-2011), President Commissioner of PT Golden
PT Golden Energy Mines Tbk (2011-2012), Komisaris PT Borneo Indobara Energy Mines Tbk (2011-2012), Commissioner of PT Borneo Indobara
(Desember 2011-Juli 2019), dan Presiden Komisaris PT Roundhill Capital (December 2011-July 2019), and President Commissioner of
Indonesia (November 2012-Agustus 2022). Beliau juga pernah menjabat PT Roundhill Capital Indonesia (November 2012-August 2022). He
sebagai Presiden Direktur PT Golden Energy Mines Tbk (2012-2016), also served as President Director of PT Golden Energy Mines Tbk
Komisaris PT Berau Coal Energi Tbk (2015-2022), dan Komisaris (2012-2016), Commissioner of PT Berau Coal Energy Tbk (2015-2022),
PT Golden Energy Mines Tbk (2016-2022). and Commissioner of PT Golden Energy Mines Tbk (2016-2022).
Rangkap Jabatan Concurrent Position
Presiden Komisaris PT Super Wahana Tehno (sejak 2006) dan Komisaris President Commissioner of PT Super Wahana Tehno (since 2006) and
PT Sinartama Gunita (sejak 2021). Commissioner of PT Sinartama Gunita (since 2021).
Hubungan Afiliasi Affiliation Relationship
Memiliki hubungan keuangan, kepengurusan, dan kekeluargaan dengan He has financial, management, and family relationship with the Main and
Pemegang Saham Utama dan Pengendali. Controlling Shareholders.
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ROBINSON SIMBOLON
Komisaris Independen
Independent Commissioner
Warga Negara Indonesia, berusia 72 tahun, berdomisili di Jakarta.
Indonesian Citizen, 72 years old, domiciled in Jakarta.
Riwayat Pendidikan Educational Background
Lulusan Fakultas Hukum, Universitas Jayabaya (1982) dan Ahli Graduated from Faculty of Law, Universitas Jayabaya (1982) and Legislative
Perundang-Undangan, Universitas Indonesia (1988). Selain itu, beliau Expert, Universitas Indonesia (1988). In addition, he also completed his
telah menyelesaikan Pelatihan Staf dan Pimpinan Administrasi Tingkat Structural Training Course for Echelon II Candidates (Staf dan Pimpinan
Menengah (SPAMEN) Angkatan VI di Bandung (2000). Administrasi Tingkat Menengah/SPAMEN) Batch VI in Bandung (2000).
Riwayat Jabatan di Perseroan List of Positions Held in Company
Pertama kali menjabat sebagai Komisaris Independen Perseroan pada He first served as an Independent Commissioner of the Company in 2014,
tahun 2014 berdasarkan keputusan Rapat Umum Pemegang Saham based on Extraordinary General Meeting of Shareholders Resolutions
Luar Biasa tanggal 13 Juni 2014. Beliau telah menjabat sebagai Komisaris dated 13 June 2014. He served as an Independent Commissioner for
Independen selama beberapa periode dengan pengangkatan kembali multiple terms and reappointed in 2024 for a term of office until 2027,
pada 2024 untuk masa tugas sampai dengan 2027 berdasarkan Akta based on Deed of PT Sinar Mas Multiartha Tbk Meeting Resolutions
Pernyataan Keputusan Rapat PT Sinar Mas Multiartha Tbk No. 20 No. 20 dated 16 May 2024. Prior to this position, he served as
tanggal 16 Mei 2024. Beliau pernah menjabat sebagai Ketua Komite Audit the Chairman of Audit Committee (2014-2021). Currently, he also
(2014-2021). Saat ini, beliau juga menjabat sebagai Ketua Komite Nominasi serves as the Chairman of Nomination and Remuneration Committee
dan Remunerasi (sejak 2020) dan Ketua Komite Audit (sejak 2022). (since 2020) and the Chairman of Audit Committee (since 2022).
Pengalaman Kerja Work Experience
Perjalanan karier dimulai di Kementerian Keuangan sebagai Kepala He started his career at the Ministry of Finance as Head of Legal, Financial
Bagian Hukum, Perusahaan Lembaga Keuangan, dan Perjanjian Biro Institution Companies, and Legal Bureau (1995-1998). He served as Head
Hukum (1995-1998). Pernah menjabat sebagai Kepala Biro Pemeriksaan of Audit and Investigation Bureau (1998-1999) and Head of Legislation
dan Penyelidikan Badan Pengawas Pasar Modal (1998-1999) serta and Legal Aid Bureau (1999-2012) at Capital Market Supervisory Agency.
Kepala Biro Perundang-Undangan dan Bantuan Hukum Badan Pengawas He also served as a member of the Central Labor Dispute Settlement
Pasar Modal (1999-2012). Beliau juga pernah menjadi anggota Panitia Committee (P4P) (1998-2012). Then, he held various strategic positions,
Penyelesaian Perburuhan Pusat (P4P) (1998-2012). Beliau kemudian including, Member of Indonesian Credit Guarantee Supervisory Board
dipercaya untuk menduduki beragam posisi strategis, seperti Anggota (1999-2009), Member of the Board of Commissioners of PT Permodalan
Dewan Pengawas PT Jaminan Kredit Indonesia (1999-2009), Anggota Nasional Madani (2010-2013), Deputy Commissioner I Capital Market
Dewan Komisaris PT Permodalan Nasional Madani (2010-2013), dan of the Financial Services Authority (2012-2013). He also served as
Deputi Komisioner Pasar Modal I Otoritas Jasa Keuangan (2012-2013). the President Commissioner of the Indonesia Stock Exchange
Selain itu, pernah juga menjabat sebagai Komisaris Utama PT Bursa Efek (2014-2017).
Indonesia (2014-2017).
Rangkap Jabatan Concurrent Position
Komisaris Independen PT Apexindo Pertama Duta Tbk (sejak 2014) dan Independent Commissioner of PT Apexindo Pertama Duta Tbk
Komisaris Utama PT Pendanaan Efek Indonesia (sejak 2019). (since 2014) and President Commissioner of PT Pendanaan Efek
Indonesia (since 2019).
Hubungan Afiliasi Affiliation Relationship
Tidak memiliki hubungan keuangan, kepengurusan, dan kekeluargaan He has no financial, management, and family relationship with the other
dengan anggota Dewan Komisaris lainnya, anggota Direksi, serta members of Board of Commissioners, members of Board of Directors, as
Pemegang Saham Utama dan Pengendali. well as with the Main and Controlling Shareholders.
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KETUT SANJAYA
Komisaris Independen
Independent Commissioner
Warga Negara Indonesia, berusia 74 tahun, berdomisili di Jakarta.
Indonesian Citizen, 74 years old, domiciled in Jakarta.
Riwayat Pendidikan Educational Background
Sarjana jurusan Sosial Ekonomi Pertanian, Universitas Padjadjaran Bachelor of Agricultural Social Economics from Universitas Padjajaran
(1977) dan memperoleh gelar Master of Management dari Arthur D Little (1977) and Master of Management from Arthur D Little Management
Management Education Institute di Boston, Amerika Serikat (1984). Education Institute, Boston, USA (1984).
Riwayat Jabatan di Perseroan List of Positions Held in Company
Menjabat sebagai Komisaris Independen (sejak 2022) dan diangkat He has served as an Independent Commissioner (since 2022) and
kembali pada 2024 dengan masa tugas sampai dengan 2027 berdasarkan was reappointed in 2024 for a term until 2027, based on the Deed of
Akta Pernyataan Keputusan Rapat PT Sinar Mas Multiartha Tbk No. 20 Resolution Statement of PT Sinar Mas Multiartha Tbk No. 20 dated
tanggal 16 Mei 2024. 16 May 2024.
Pengalaman Kerja Work Experience
Memiliki pengalaman panjang sebagai Pejabat Karier di Bank Indonesia, Has an extensive experience as Career Officer with Bank Indonesia,
yakni Staff Small-Scale Credit Department (1979-1983), Staf Human Staff Small-Scale Credit Department (1979-1983), Human Resources
Resources Department (1983-1984), Pemeriksa Bank (1984-1994), Department Staff (1983-1984), Bank Examiner (1984-1994), Bank
Pengawas Bank (1994-2004), Pemimpin Bank Indonesia Bali, Nusa Supervisor (1994-2004), Head of Bank Indonesia Bali, West Nusa
Tenggara Barat (NTB), dan Nusa Tenggara Timur (NTT) (2004-2007), Tenggara (NTB), and East Nusa Tenggara (NTT) (2004-2007), Deputy
Wakil Direktur Direktorat Pengawasan Perbankan 2 (2007), Direktur Director of Banking Supervision Directorate 2 (2007), Director of Banking
Direktorat Pengawasan Perbankan 2 (2007-2008), serta Peneliti Senior Supervision Directorate 2 (2007-2008), and Senior Researcher of
Direktorat Riset dan Regulasi Perbankan (2008-2009). Selain itu, beliau Banking Research and Regulation Directorate (2008-2009). In addition,
pernah menjabat sebagai Komisaris Independen di PT Bank Barclays he previously served as Independent Commissioner of PT Bank Barclays
Indonesia (2009-2011), anggota Komite Audit dan Komite Pemantau Indonesia (2009-2011), a member of the Audit Committee and Risk
Risiko di PT Bank Sinarmas Tbk (2011-2021), Ketua Komite Audit Monitoring Committee of PT Bank Sinarmas Tbk (2011-2021), Chairman
PT Golden Energi Mines Tbk (2012-2022), Komite Audit PT Sinar Mas of the Audit Committee of PT Golden Energi Mines Tbk (2012-2022),
Agro Resources and Technology Tbk (2015-2025), serta Komisaris Audit Committee of PT Sinar Mas Agro Resources and Technology Tbk
Independen, Ketua Komite Audit, dan anggota Komite Nominasi dan (2015-2025), as well as Independent Commissioner, Chairman of
Remunerasi PT Smartfren Telecom Tbk (2021-2025). the Audit Committee, and member of the Nomination and Remuneration
Committee of PT Smartfren Telecom Tbk (2021-2025).
Rangkap Jabatan Concurrent Position
Menduduki beberapa posisi di grup usaha Sinarmas, antara lain Holds several positions within the Sinarmas business group, including
Komisaris Independen PT Golden Energy Mines Tbk (sejak 2012), Independent Commissioner of PT Golden Energy Mines Tbk (since 2012),
anggota Komite Audit PT Golden Energy Mines Tbk (sejak 2023), dan member of the Audit Committee of PT Golden Energy Mines Tbk
Komisaris Independen PT Sinar Mas Agro Resources and Technology Tbk (since 2023), and Independent Commissioner of PT Sinar Mas Agro
(sejak 2025). Resources and Technology Tbk (since 2025).
Hubungan Afiliasi Affiliation Relationship
Tidak memiliki hubungan keuangan, kepengurusan, dan kekeluargaan He has no financial, management, and family relationship with the other
dengan anggota Dewan Komisaris lainnya, anggota Direksi, serta members of Board of Commissioners, members of Board of Directors,
Pemegang Saham Utama dan Pengendali. as well as with the Main and Controlling Shareholders.
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Perubahan Komposisi Anggota Changes in the Composition of
Dewan Komisaris dan Alasan Perubahannya the Board of Commissioners and Reasons
for the Changes
Tidak terdapat perubahan komposisi anggota Dewan Komisaris There were no changes in the composition of the Board
selama tahun 2025 hingga Laporan Tahunan ini diterbitkan. of Commissioners during 2025 up to the issuance of this
Annual Report.
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Profil Direksi
Profile of the Board of Directors
BURHANUDDIN ABDULLAH
Direktur Utama
President Director
Warga Negara Indonesia, berusia 78 tahun, berdomisili di Jakarta.
Indonesian Citizen, 78 years old, domiciled in Jakarta.
Riwayat Pendidikan Educational Background
Sarjana Pertanian, Universitas Padjadjaran (1974) dan Master of Arts in Bachelor of Agriculture, Universitas Padjadjaran (1974) and Master of Arts
Economics, College of Business, Michigan State University (1984). in Economics, College of Business, Michigan State University (1984).
Riwayat Jabatan di Perseroan List of Positions Held in Company
Menjabat sebagai Direktur Utama (sejak 2021) dan diangkat kembali He has served as President Director (since 2021) and was reappointed in
pada 2024 dengan masa tugas sampai dengan 2027 berdasarkan 2024 for a term until 2027, based on the Deed of Resolution Statement
Akta Pernyataan Keputusan Rapat PT Sinar Mas Multiartha Tbk No. 20 of PT Sinar Mas Multiartha Tbk No. 20 dated 16 May 2024. Previously,
tanggal 16 Mei 2024. Sebelumnya, beliau menjabat sebagai Komisaris he held the position of Independent Commissioner of the Company
Independen Perseroan (2016-Juni 2021). (2016–June 2021).
Pengalaman Kerja Work Experience
Pernah dipercaya untuk menjadi Staf Badan Urusan Cess-Direktorat Served as Staff of the Cess-Directorate General of Agricultural Plantation
Jenderal Perkebunan Pertanian, Banda Aceh (1975), Staf PT Intraport Affairs, Banda Aceh (1975), Staff of PT Intraport Teh Jaya (Unilever Tea
Teh Jaya (Unilever Tea Department (1976-1978)), Staf Bagian Kredit Department (1976-1978)), Staff of the Production Credit Division-General
Produksi-Urusan Kredit Umum Bank Indonesia (1979-1983), Staf Bagian Credit Affairs of Bank Indonesia (1979-1983), Staff of the Economic
Ekonomi Umum-Urusan Riset dan Statistik Bank Indonesia (1984-1985), Section General-Research and Statistics of Bank Indonesia (1984-1985),
Staf Gubernur Bank Indonesia (1986-1988), Staf Asia Pacific Department Staff of the Governor of Bank Indonesia (1986-1988), Asia Pacific
International Monetary Fund (IMF), Washington DC (1989-1990), Department Staff of International Monetary Fund (IMF), Washington DC
Assistant Executive Director IMF, South East Asia Group (1991-1993). (1989-1990), Assistant Executive Director of IMF, South East Asia Group
Selain itu, beliau juga pernah menjabat sebagai Kepala Bagian Kerja (1991-1993). In addition, he has also served as Head of the International
Sama Ekonomi dan Perdagangan Internasional-Urusan Luar Negeri Economic and Trade Cooperation Division – Foreign Affairs Department,
Bank Indonesia (1994), Wakil Kepala Urusan Luar Negeri Bank Indonesia Bank Indonesia (1994), Deputy Head of Foreign Affairs of Bank Indonesia
(1995), Wakil Kepala Urusan Riset Ekonomi dan Moneter Bank Indonesia (1995), Deputy Head of Economic and Monetary Research of Bank
(1996-1997), Direktur Direktorat Luar Negeri Bank Indonesia (1998-1999), Indonesia (1996-1997), Director of Foreign Affairs Directorate of Bank
Deputi Gubernur Bank Indonesia (2000), Menteri Koordinator Indonesia (1998-1999), Deputy Governor of Bank Indonesia (2000),
Perekonomian pada Kabinet Gotong Royong (2001), serta Gubernur Coordinating Minister for the Economy in Gotong Royong Cabinet (2001),
Bank Indonesia (2003-2008). Beliau kemudian menjabat sebagai Rektor and Governor of Bank Indonesia (2003-2008). He then served as Rector
Institut Koperasi Indonesia Bandung (2011-2023). of Institut Koperasi Indonesia Bandung (2011-2023).
Rangkap Jabatan Concurrent Position
Komisaris Utama PT Perusahaan Listrik Negara (PLN) (sejak 2024). President Commissioner of PT Perusahaan Listrik Negara (PLN)
(since 2024).
Hubungan Afiliasi Affiliation Relationship
Tidak memiliki hubungan keuangan, kepengurusan, dan kekeluargaan He has no financial, management, and family relationship with the other
dengan anggota Direksi lainnya, Dewan Komisaris, serta Pemegang members of the Board of Directors, Board of Commissioners, as well as
Saham Utama dan Pengendali. with the Main and Controlling Shareholders.
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ERIC BUNTORO
Wakil Direktur Utama
Vice President Director
Warga Negara Indonesia, berusia 42 tahun, berdomisili di Jakarta.
Indonesian Citizen, 42 years old, domiciled in Jakarta.
Riwayat Pendidikan Educational Background
Beliau meraih gelar Bachelor of Science in Business Administration He earned a Bachelor of Science in Business Administration with
dengan konsentrasi Finance and Accounting dari Washington University a concentration in Finance and Accounting from Washington University
(2007). Selanjutnya, beliau memperoleh gelar Master of Business (2007). He subsequently obtained a Master of Business Administration
Administration dari Saïd Business School, University of Oxford (2018), from Saïd Business School, University of Oxford (2018), and completed
serta menyelesaikan pendidikan Master of Advanced Management di a Master of Advanced Management at Yale University - School of
Yale University - School of Management (2019). Management (2019).
Riwayat Jabatan di Perseroan List of Positions Held in Company
Menjabat sebagai Wakil Direktur Utama Perseroan (sejak 2025) He has served as Vice President Director of the Company (since 2025)
dengan masa jabatan hingga tahun 2027 berdasarkan Akta Pernyataan with a term of office until 2027 based on the Deed of Statement of
Keputusan Rapat PT Sinar Mas Multiartha Tbk No. 62 tanggal Meeting Resolutions of PT Sinar Mas Multiartha Tbk No. 62 dated
18 November 2025. 18 November 2025.
Pengalaman Kerja Work Experience
Beliau mengawali karier sebagai Investment Banking Analyst hingga He began his career as an Investment Banking Analyst and
Investment Banking Associate di Oppenheimer & Co (2007-2011), later as an Investment Banking Associate at Oppenheimer & Co
kemudian menjabat sebagai Investment Banking Associate Director di (2007-2011), then served as Investment Banking Associate Director at
UBS Securities (2011), serta sebagai Associate - Distressed Investments UBS Securities (2011), and as Associate - Distressed Investments and
and Special Opportunities di The Clermont Group (2012). Selanjutnya, Special Opportunities at The Clermont Group (2012). He subsequently
beliau berkarier di McKinsey & Company sebagai Associate hingga pursued his career at McKinsey & Company as Associate to Engagement
Engagement Manager (2013-2017), Engagement Manager (2019-2021), Manager (2013-2017), Engagement Manager (2019-2021), and Associate
dan Associate Partner (2021-2025). Partner (2021-2025).
Rangkap Jabatan Concurrent Position
Tidak memiliki rangkap jabatan di perusahaan lain. Does not have any concurrent position in other companies.
Hubungan Afiliasi Affiliation Relationship
Tidak memiliki hubungan keuangan, kepengurusan, dan kekeluargaan He has no financial, management, and family relationship with the other
dengan anggota Direksi lainnya, Dewan Komisaris, serta Pemegang members of the Board of Directors, Board of Commissioners, as well as
Saham Utama dan Pengendali. with the Main and Controlling Shareholders.
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AGUS LEMAN GUNAWAN
Direktur
Director
Warga Negara Indonesia, berusia 70 tahun, berdomisili di Jakarta.
Indonesian Citizen, 70 years old, domiciled in Jakarta.
Riwayat Pendidikan Educational Background
Meraih gelar Bachelor of Science, jurusan Business Administration and He has a Bachelor of Science in Business Administration and Economics
Economics (1981) dan Master of Science jurusan Business Education (1981) and a Master of Science in Business Education (1983) from
(1983) di Portland State University, Oregon. Pernah mengikuti pelatihan Portland State University, Portland, Oregon. He attended The Pacific
The Pacific Rim Bankers Program (PRBP) di Seattle, Amerika Serikat Rim Bankers Program (PRBP) training, Seattle, USA (1991), and Bank
(1991) dan Sekolah Pimpinan Bank Indonesia, Lembaga Pengembangan Indonesia Leadership School, Indonesia Banking Development Institute
Perbankan Indonesia (LPPI) (1994). (LPPI) (1994).
Riwayat Jabatan di Perseroan List of Positions Held in Company
Menjabat sebagai Direktur (sejak 2012) dan diangkat kembali pada 2024 He has served as a Director (since 2012) and was reappointed in 2024
dengan masa tugas sampai dengan 2027 berdasarkan Akta Pernyataan for a term until 2027, based on the Deed of Resolution Statement of
Keputusan Rapat PT Sinar Mas Multiartha Tbk No. 20 tanggal 16 Mei 2024. PT Sinar Mas Multiartha Tbk No. 20 dated 16 May 2024.
Pengalaman Kerja Work Experience
Mengawali karier profesional sebagai Senior Vice President - Treasury He started his professional career as Senior Vice President - Treasury
and Financial Products Chase Manhattan Bank NA Jakarta (1983-1989). and Financial Products at Chase Manhattan Bank NA Jakarta
Kemudian, dipercaya mengisi beberapa posisi penting di berbagai (1983-1989). He has held various key positions at multiple companies
perusahaan, seperti Executive Vice President, Managing Director including Executive Vice President, Managing Director - Treasury
- Treasury and International Business Area PT Bank Danamon and International Business Area at PT Bank Danamon Indonesia Tbk
Indonesia Tbk (1989-1998), Senior Vice President Treasury and Global (1989-1998), Senior Vice President of Treasury and Global Markets at
Markets Rabobank Indonesia (1999-2001), Presiden Direktur PT Perdana Rabobank Indonesia (1999-2001), President Director at PT Perdana
Waralaba (2002), Director of Finance - Accounting, Finance, and Tax Waralaba (2002), Director of Finance - Accounting, Finance, and
PT Voksel Cable (2003-2005), Senior Advisor PT Bank Sinarmas Tbk Tax at PT Voksel Cable (2003-2005), Senior Advisor of PT Bank
(2006-2010), Presiden Komisaris PT Dana Usaha Makmur (2011), dan Sinarmas Tbk (2006-2010), President Commissioner of PT Dana Usaha
Komisaris Utama PT Dana Pinjaman Inklusif (2018-Januari 2026). Makmur (2011), and President Commissioner of PT Dana Pinjaman
Selain itu, beliau juga dipercaya untuk menjadi anggota Komite Audit Inklusif (2018-January 2026). In addition, he also served as an Audit
di beberapa perusahaan, yakni PT Dian Swastatika Sentosa Tbk Committee member in several companies, i.e. PT Dian Swastatika
(2010-2012), PT Sinar Mas Agro Resources & Technology Tbk Sentosa Tbk (2011-2012), PT Sinar Mas Agro Resources & Technology
(2011-2012), dan PT Duta Pertiwi Tbk (2011-2012). Tbk (2010-2012), and PT Duta Pertiwi Tbk (2011-2012).
Rangkap Jabatan Concurrent Position
Menduduki jabatan Komisaris di beberapa Entitas Anak Perseroan, Served as Commissioner in several Subsidiaries of the Company,
meliputi PT Sinar Mas Ventura (sejak 2018) serta PT Sistem Loka Triprima including PT Sinar Mas Ventura (since 2018) as well as PT Sistem Loka
dan PT Data Opal Terpadu (sejak 2021). Triprima and PT Data Opal Terpadu (since 2021).
Hubungan Afiliasi Affiliation Relationship
Tidak memiliki hubungan keuangan, kepengurusan, dan kekeluargaan He has no financial, management, and family relationship with the other
dengan anggota Direksi lainnya, Dewan Komisaris, serta Pemegang members of the Board of Directors, Board of Commissioners, as well as
Saham Utama dan Pengendali. with the Main and Controlling Shareholders.
56 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
FELIX
Direktur
Director
Warga Negara Indonesia, berusia 42 tahun, berdomisili di Jakarta.
Indonesian Citizen, 42 years old, domiciled in Jakarta.
Riwayat Pendidikan Educational Background
Sarjana lulusan Ekonomi, Universitas Tarumanagara (2007) dan Bachelor of Economics, Universitas Tarumanagara (2007) and
Pendidikan Profesi Akuntansi, Universitas Tarumanagara (2013). Accounting Profession Education, Universitas Tarumanagara (2013).
Riwayat Jabatan di Perseroan List of Positions Held in Company
Menjabat sebagai Direktur (sejak 2021) dan diangkat kembali pada Served as Director (since 2021) and was reappointed in 2024 for a term
2024 dengan masa tugas sampai dengan 2027 berdasarkan Akta ending in 2027, based on Deed of PT Sinar Mas Multiartha Tbk Meeting
Pernyataan Keputusan Rapat PT Sinar Mas Multiartha Tbk No. 20 Resolutions No. 20 dated 16 May 2024. He also served as the Company’s
tanggal 16 Mei 2024. Pernah menjabat sebagai Manajer Perseroan Manager (2013-2016). Currently, he also serves as the Corporate
(2013-2016). Saat ini, beliau juga menjabat sebagai Sekretaris Secretary since 3 July 2023 based on the Board of Directors Decision
Perusahaan sejak 3 Juli 2023 berdasarkan Surat Keputusan Direksi Letter No. SK: 115/SK-DIR/SMMA/VII/2023.
No. SK: 115/SK-DIR/SMMA/VII/2023.
Pengalaman Kerja Work Experience
Memulai karier sebagai Auditor KAP Mulyamin Sensi Suryanto & Lianny He started his career as an Auditor of KAP Mulyamin Sensi Suryanto & Lianny
(2007-2013). Kemudian, menempati posisi Direktur PT AB Sinar Mas (2007-2013). Then, he held the position of Director of PT AB Sinar Mas
Multifinance (2016-2019), Direktur Utama PT AB Sinar Mas Multifinance Multifinance (2016-2019), President Director of PT AB Sinar Mas Multifinance
(2019-2021), dan Komisaris PT Simas Poin Indonesia (2021-2022). (2019-2021), and Commissioner of PT Simas Poin Indonesia (2021-2022).
Sertifikasi Certification
Beliau memiliki register negara akuntan dari Kementerian Keuangan He obtained registered state accountant from the Ministry of Finance
Republik Indonesia (2016), sertifikasi akuntan publik dari Ikatan Akuntan of the Republic of Indonesia (2016), public accountant certification from
Publik Indonesia (2017), sertifikasi ahli pembiayaan dari Sertifikasi Profesi the Indonesian Public Accountants Association (2017), a financing expert
Pembiayaan Indonesia (2017), sertifikasi manajemen risiko dari Badan certification from the Indonesian Financing Professional Certification (2017),
Sertifikasi Manajemen Risiko (2017), sertifikasi manajemen risiko - Direksi a risk management certification from the Risk Management Certification
dari Sertifikasi Profesi Pembiayaan Indonesia (2023), dan sertifikasi dasar Agency (2017), risk management certification - Directors from Certification
Komisaris dari Sertifikasi Profesi Pembiayaan Indonesia (2023). of Indonesian Financing Professionals (2023), and basic Commissioner
certification from Certification of Indonesian Financing Professionals (2023).
Rangkap Jabatan Concurrent Position
Menjabat sebagai Direktur PT Dana Saham Bersama, PT Shinta Utama, Serves as Director of PT Dana Saham Bersama, PT Shinta Utama,
dan PT Sinartama Gunita (sejak 2021), serta Direktur PT Artha Bina and PT Sinartama Gunita (since 2021), and Director of PT Artha Bina
Usaha (sejak 2022). Beliau juga menjabat sebagai Komisaris PT Balai Usaha (since 2022). Also serves as Commissioner PT Balai Lelang
Lelang Sinarmas (sejak 2021), Komisaris PT Digital Solusindo Nusantara Sinarmas (since 2021), Commissioner PT Digital Solusindo Nusantara
(sejak 2021), Direktur PT Artha Bina Usaha (sejak 2022), Komisaris (since 2021), Director of PT Artha Bina Usaha (since 2022), Commissioner
PT Pasar Gadai Digital (sejak 2022), dan Komisaris PT AB Sinar Mas PT Pasar Gadai Digital (since 2022), and Commissioner PT AB Sinar Mas
Multifinance (sejak 2022). Multifinance (since 2022).
Hubungan Afiliasi Affiliation Relationship
Tidak memiliki hubungan keuangan, kepengurusan, dan kekeluargaan He has no financial, management, and family relationship with the other
dengan anggota Direksi lainnya, Dewan Komisaris, serta Pemegang members of the Board of Directors, Board of Commissioners, as well as
Saham Utama dan Pengendali. with the Main and Controlling Shareholders.
PT Sinar Mas Multiartha Tbk - 57
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Laporan Manajemen
Management Report
IR. DUMOLY FREDDY PARDEDE
Direktur
Director
Warga Negara Indonesia, berusia 62 tahun, berdomisili di Jakarta.
Indonesian Citizen, 62 years old, domiciled in Jakarta.
Riwayat Pendidikan Educational Background
Sarjana Pertanian, Universitas Sumatera Utara (1989) dan Master of Business Bachelor’s Degree in Agriculture, Universitas Sumatera Utara (1989), and Master of
Administration in Finance and Accountancy, Cleveland State University (1994). Business Administration in Finance and Accountancy, Cleveland State University
(1994).
Riwayat Jabatan di Perseroan List of Positions Held in Company
Menjabat sebagai Direktur (sejak 2024) dengan masa tugas sampai dengan 2027 He has served as a Director (since 2024) with a term until 2027, based on
berdasarkan Akta Pernyataan Keputusan Rapat PT Sinar Mas Multiartha Tbk the Deed of Statement of Meeting Resolutions of PT Sinar Mas Multiartha Tbk
No. 34 tanggal 28 Oktober 2024. No. 34 dated 28 October 2024.
Pengalaman Kerja Work Experience
Memulai karier di Kementerian Keuangan sebagai Kepala Sub-Direktorat He began his career at the Ministry of Finance, serving as Head of the Sub-
Pemeriksaan dan Investigasi, Staf Ahli/Tenaga Pengkaji untuk Pengembangan IKNB Directorate of Audit and Investigation, Expert Staff/Policy Analyst for Non-Bank
di BAPEPAM, dan Kepala Biro Pengawas Dana Pensiun (Eselon II) (1998-2013). Financial Institution (IKNB) Development at BAPEPAM, and Head of the Pension Fund
Beliau pernah mendapatkan penugasan dari Menteri Keuangan untuk bekerja sama Supervision Bureau (Echelon II) (1998-2013). He was assigned by the Minister of
dengan berbagai lembaga pemerintahan (2001-2008), termasuk Bank Indonesia, Finance to collaborate with various government institutions (2001-2008), including
Kepolisian Negara Republik Indonesia, Kementerian Ketenagakerjaan, dan Pusat Bank Indonesia, the Indonesian National Police, the Ministry of Manpower, and
Pelaporan dan Analisis Transaksi Keuangan (PPATK), dalam pengembangan the Financial Transaction Reports and Analysis Center (PPATK), in developing
regulasi dan kebijakan sektor keuangan. Beliau juga pernah dipercaya sebagai financial sector regulations and policies. He was also entrusted as the Coordinator of
Koordinator Tim Audit Khusus dan Investigasi Badan Usaha Milik Negara (BUMN) the Special Audit and Investigation Team for State-Owned Enterprises (BUMN) and
dan Tim Pemberesan ex-Badan Penyehatan Perbankan Nasional (BPPN) untuk the Settlement Team of the former Indonesian Bank Restructuring Agency (BPPN)
pembentukan Lembaga Penjamin Simpanan (LPS) dan Perusahaan Pengelola for the establishment of the Indonesia Deposit Insurance Corporation (LPS) and
Aset (PPA) (2002-2004). Kemudian, beliau menjabat sebagai Ketua Tim the Asset Management Company (PPA) (2002-2004). Furthermore, he served as
Penugas Rancangan Undang-Undang Otoritas Jasa Keuangan (Undang-Undang the Head of the Task Force for the Draft Law on the Financial Services Authority
No. 21 tahun 2011) dan Pembentukan Otoritas Jasa Keuangan (2002-2012). (Law No. 21 of 2011) and the Establishment of the Financial Services Authority
Pada periode 2013-2016, beliau menjabat sebagai Deputi Komisioner Strategi (2002-2012). From 2013-2016, he serves as Deputy Commissioner for Strategy and
Manajemen (Eselon I), di mana beliau ditugaskan sebagai Wakil Koordinator Project Management (Echelon I), where he is assigned as Deputy Coordinator of the Project
Management Office untuk mengoordinasikan proyek-proyek strategis di Otoritas Management Office to oversee strategic projects at the Financial Services Authority.
Jasa Keuangan serta Deputi Komisioner Pengawas Industri Keuangan Non-Bank Additionally, he serves as Deputy Commissioner for Non-Bank Financial Industry
(Eselon I) Otoritas Jasa Keuangan, dengan tugas utama mengawasi sektor Supervision (Echelon I) at the Financial Services Authority, with key responsibilities
perasuransian, perusahaan pembiayaan, dana pensiun, modal ventura, serta in overseeing the insurance, financing, pension fund, venture capital, and other
badan keuangan lainnya guna memastikan stabilitas sistem keuangan Indonesia. financial institutions sectors to ensure the stability of Indonesia’s financial system.
Sertifikasi Certification
Beliau memiliki Sertifikasi Manajemen Risiko Terintegrasi dari Lembaga Sertifikasi He has Integrated Risk Management Certification from Risk Management Professional
Profesi Manajemen Risiko (LSPMR) (2024), Sertifikasi Skema Ahli Tata Kelola Risiko Certification Institute (LSPMR) (2024), an Integrated Risk Governance Expert Scheme
Terintegrasi dari Lembaga Sertifikasi Profesi Manajemen Risiko (LSPMR) (2024), Certification from Risk Management Professional Certification Institute (LSPMR)
serta Certified Risk Governance Professional dari RAP Learning Center (2024). (2024), and Certified Risk Governance Professional from RAP Learning Center (2024).
Rangkap Jabatan Concurrent Position
Ketua Bidang Kamar Dagang dan Industri (2024-2029). Head of Division, Chamber of Commerce and Industry (2024-2029).
Hubungan Afiliasi Affiliation Relationship
Tidak memiliki hubungan keuangan, kepengurusan, dan kekeluargaan dengan He has no financial, management, and family relationship with the other members
anggota Direksi lainnya, Dewan Komisaris, serta Pemegang Saham Utama dan of the Board of Directors, Board of Commissioners, as well as with the Main and
Pengendali. Controlling Shareholders.
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Laporan Tahunan 2025
2025 Annual Report
TJONG HUEI WEY
Direktur
Director
Warga Negara Indonesia, berusia 41 tahun, berdomisili di Jakarta.
Indonesian Citizen, 41 years old, domiciled in Jakarta.
Riwayat Pendidikan Educational Background
Sarjana Akuntansi, Universitas Katolik Indonesia Atma Jaya (2007). Bachelor’s Degree in Accounting from Universitas Katolik Indonesia Atma
Jaya (2007).
Riwayat Jabatan di Perseroan List of Positions Held in Company
Menjabat sebagai Direktur (sejak 2025) dengan masa tugas sampai Serves as Director (since 2025) for a term ending in 2027, based on
dengan 2027 berdasarkan Akta Pernyataan Keputusan Rapat PT Sinar the Deed of Statement of Meeting Resolutions of PT Sinar Mas
Mas Multiartha Tbk No. 75 tanggal 19 Juni 2025. Multiartha Tbk No. 75 dated 19 June 2025.
Pengalaman Kerja Work Experience
Mengawali karier sebagai Internal Audit (2007-2009) dan melanjutkan Began her career as an Internal Auditor (2007-2009) and continued as
karier sebagai Assistant Regional Manager International Operating Assistant Regional Manager, International Operating Division (2009-2010)
Division (2009-2010) PT Indofood Sukses Makmur Tbk. Kemudian at PT Indofood Sukses Makmur Tbk. She then served as Section
menjabat Section Head of Reporting and Analysis Division PT Bogasari Head of Reporting and Analysis Division at PT Bogasari Flour Mills Tbk
Flour Mills Tbk (2010-2012), dan Accounting Head PT Intertama (2010-2012), and Accounting Head at PT Intertama Trikencana Bersinar
Trikencana Bersinar (2013-2017). Beliau juga pernah menjabat sebagai (2013-2017). She also served as Finance, Tax, and Reporting Manager at
Finance, Tax, and Reporting Manager Sinarmas Mining (2017-2019) dan Sinarmas Mining (2017-2019) and Commissioner of PT Mitra Dinamika
Komisaris PT Mitra Dinamika Kapital (2021-2025). Kapital (2021-2025).
Rangkap Jabatan Concurrent Position
Advisor PT Aldiracita Sekuritas Indonesia (sejak 2019) dan Direktur Advisor to PT Aldiracita Sekuritas Indonesia (since 2019) and Director of
PT Data Opal Terpadu (sejak 2025). PT Data Opal Terpadu (since 2025).
Hubungan Afiliasi Affiliation Relationship
Tidak memiliki hubungan keuangan, kepengurusan, dan kekeluargaan She has no financial, management, and family relationship with the other
dengan anggota Direksi lainnya, Dewan Komisaris, serta Pemegang members of the Board of Directors, Board of Commissioners, as well as
Saham Utama dan Pengendali. with the Main and Controlling Shareholders.
PT Sinar Mas Multiartha Tbk - 59
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Laporan Manajemen
Management Report
LYNN RAMLI
Direktur
Director
Warga Negara Indonesia, berusia 53 tahun, berdomisili di Jakarta.
Indonesian Citizen, 53 years old, domiciled in Jakarta.
Riwayat Pendidikan Educational Background
Beliau meraih gelar Bachelor of Arts in Business Administration dengan She earned a Bachelor of Arts in Business Administration with a focus
fokus Marketing dan Finance dari University of Washington, Amerika on Marketing and Finance from the University of Washington, USA.
Serikat. Selanjutnya, beliau memperoleh gelar Master of Business She subsequently obtained a Master of Business Administration (MBA)
Administration (MBA) dengan konsentrasi Marketing dari University of with a concentration in Marketing from the University of San Francisco,
San Francisco, Amerika Serikat. USA.
Riwayat Jabatan di Perseroan List of Positions Held in Company
Menjabat sebagai Direktur Perseroan (sejak 2025) dengan masa jabatan Serving as Director of the Company (since 2025) with a term of office
hingga tahun 2027 berdasarkan Akta Pernyataan Keputusan Rapat until 2027 pursuant to the Deed of Statement of Meeting Resolution of
PT Sinar Mas Multiartha Tbk No. 62 tanggal 18 November 2025. PT Sinar Mas Multiartha Tbk No. 62 dated 18 November 2025.
Pengalaman Kerja Work Experience
Beliau mengawali karier sebagai Product Manager di Citibank N.A. She began his career as a Product Manager at Citibank N.A. Jakarta
Jakarta (1994-1998). Selanjutnya, Beliau menjabat sebagai Finance (1994-1998). She subsequently served as Finance Manager at LSK
Manager di LSK International (1998-1999), Marketing Program Manager/ International (1998-1999), Marketing Program Manager/Product
Product Manager, Platinum Card di Providian Financial (2000-2002), Manager, Platinum Card at Providian Financial (2000-2002), and
serta Strategic Alliance and Platinum Product Head AVP, Credit Card Strategic Alliance and Platinum Product Head AVP, Credit Card at
di Citibank N.A. Indonesia (2002-2003). Beliau kemudian menempati Citibank N.A. Indonesia (2002-2003). She then held the positions of
posisi sebagai Vice President of Product Management (2003-2005) Vice President of Product Management (2003-2005) and Vice President
dan Vice President of Marketing, Business Analytics & Service Quality of Marketing, Business Analytics & Service Quality (2005-2006) at
(2005-2006) di Standard Chartered Bank. Kariernya berlanjut sebagai Standard Chartered Bank. Her career continued as SVP of Analytics,
SVP of Analytics, Portfolio Management and Personal Loans di PT Bank Portfolio Management and Personal Loans at PT Bank Danamon
Danamon Indonesia Tbk (2006-2008), Director of Business Management Indonesia Tbk (2006-2008), Director of Business Management at
di PT Adira Quantum Multifinance/Consumer Finance (2008-2009), serta PT Adira Quantum Multifinance/Consumer Finance (2008-2009), and
President Director di PT Adira Quantum Multifinance/Consumer Finance President Director at PT Adira Quantum Multifinance/Consumer Finance
(2009-2014). Selanjutnya, Beliau menjabat sebagai Executive Director, (2009-2014). She subsequently served as Executive Director, Head of
Head of Personal Financial Services (Consumer Banking) di PT United Personal Financial Services (Consumer Banking) at PT United Overseas
Overseas Bank Indonesia/Bank UOB Indonesia (2014-2017), dan terakhir Bank Indonesia/Bank UOB Indonesia (2014-2017), and most recently as
sebagai President Director di PT Bussan Auto Finance (2017-2025). President Director at PT Bussan Auto Finance (2017-2025).
Rangkap Jabatan Concurrent Position
Tidak memiliki rangkap jabatan di perusahaan lain. Does not have any concurrent position in other companies.
Hubungan Afiliasi Affiliation Relationship
Tidak memiliki hubungan keuangan, kepengurusan, dan kekeluargaan He has no financial, management, and family relationship with the other
dengan anggota Direksi lainnya, Dewan Komisaris, serta Pemegang members of the Board of Directors, Board of Commissioners, as well as
Saham Utama dan Pengendali. with the Main and Controlling Shareholders.
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Laporan Tahunan 2025
2025 Annual Report
Perubahan Komposisi Anggota Direksi Changes in the Composition of
dan Alasan Perubahannya the Board of Directors and Reasons for
the Changes
Pada tahun 2025, terjadi perubahan komposisi Direksi Perseroan. In 2025, there was a change in the composition of
Ibu Lili Wijata mengundurkan diri pada 19 Februari 2025 dan the Company’s Board of Directors. Mrs. Lili Wijata resigned on
kemudian digantikan oleh Ibu Tjong Huei Wey berdasarkan 19 February 2025 and was subsequently replaced by Mrs. Tjong
Keputusan RUPS Luar Biasa tanggal 19 Juni 2025. Selanjutnya, Huei Wey pursuant to the Resolution of the Extraordinary GMS
melalui Keputusan RUPS Luar Biasa tanggal 18 November 2025, dated 19 June 2025. Furthermore, through the Resolution of
Perseroan menyetujui pengunduran diri Ibu Ferita serta the Extraordinary GMS dated 18 November 2025, the Company
mengangkat Ibu Lynn Ramli sebagai penggantinya. Pada RUPS approved the resignation of Mrs. Ferita and appointed Mrs. Lynn
yang sama, Perseroan juga mengangkat Bapak Eric Buntoro Ramli as her replacement. At the same GMS, the Company
sebagai Wakil Presiden Direktur Perseroan. also appointed Mr. Eric Buntoro as Vice President Director of
the Company.
Dengan demikian, susunan Direksi Perseroan menjadi sebagai Thus, the composition of the Company’s Board of Directors is
berikut. as follows.
Direktur Utama : Burhanuddin Abdullah President Director : Burhanuddin Abdullah
Wakil Direktur Utama : Eric Buntoro Vice President Director : Eric Buntoro
Direktur : Agus Leman Gunawan Director : Agus Leman Gunawan
Direktur : Felix Director : Felix
Direktur : Ir. Dumoly Freddy Pardede Director : Ir. Dumoly Freddy Pardede
Direktur : Tjong Huei Wey Director : Tjong Huei Wey
Direktur : Lynn Ramli Director : Lynn Ramli
PT Sinar Mas Multiartha Tbk - 61
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Profil
Perusahaan
Company Profile
3
62 - PT Sinar Mas Multiartha Tbk
Page 65
PT Sinar Mas Multiartha Tbk - 63
Page 66
Profil Perusahaan
Company Profile
Identitas Perusahaan
Corporate Identity
Nama Perusahaan
Company Name
PT Sinar Mas Multiartha Tbk
Status Perusahaan
Company Status
Perusahaan Terbuka.
Public Company.
Bidang Usaha
Line of Business
Aktivitas Keuangan dan Asuransi, Aktivitas Profesional,
Tanggal dan Dasar Hukum Perubahan Nama
Ilmiah dan Teknis, serta Perdagangan Besar yang Date and Legal Basis of the Company Name Change
diwakili oleh Entitas Anak.
• 1 Mei 1989 menjadi PT Internas Arta Finance
Financial and Insurance Activities, Professional,
Company, disahkan melalui Akta No. 15 tertanggal
Scientific and Technical Activities, and Wholesaler,
1 Mei 1989 dari Benny Kristianto, SH, notaris di
represented by the Subsidiaries.
Jakarta, dan telah mendapat persetujuan dari Menteri
Kehakiman Republik Indonesia tanggal 2 Agustus
Tanggal Pendirian 1989 melalui Surat Keputusan No. C2-6968.HT.01.04.
Date of Establishment
Th.89. Akta ini telah didaftarkan ke Kantor Pengadilan
21 Oktober 1982 atas nama PT Internas Arta Leasing Negeri Jakarta Barat tanggal 16 Agustus 1989 dengan
Company. No. 1109/1989; dan
• 25 Februari 1995 menjadi PT Sinar Mas
21 October 1982 under the name of PT Internas Arta
Multiartha Tbk, disahkan melalui Akta No. 218
Leasing Company.
tertanggal 25 Februari 1995 dari Veronica Lily
Dharma, SH, notaris di Jakarta, dan telah mendapat
Dasar Hukum Pendirian persetujuan dari Menteri Kehakiman Republik
Legal Basis of Establishment
Indonesia melalui Surat Keputusan No. C2-5573.
Akta Notaris Benny Kristianto, SH No. 60 yang telah HT.01.04.Th.95 tanggal 5 Mei 1995.
disahkan oleh Menteri Kehakiman Republik Indonesia • 1 May 1989 changed into PT Internas Arta
melalui Surat Keputusan No. C2-6537.HT.01.01.Th.83 Finance Company, legalized by Deed No. 15
tanggal 30 September 1983. dated 1 May 1989 of Benny Kristianto, SH, public
Notarial Deed of Benny Kristianto, SH No. 60 which notary in Jakarta, and has been approved by
has been legalized by the Minister of Justice of the Minister of Justice of the Republic of Indonesia
the Republic of Indonesia under Decree No. C2-6537. under Decree No. C2-6968.HT.01.04.Th.89 dated
HT.01.01.Th.83 dated 30 September 1983. 2 August 1989. The deed has been registered at
West Jakarta District Court on 16 August 1989 under
No. 1109/1989; and
Kantor Pusat [POJK.51-C.2]
Head Office • 25 February 1995 changed into PT Sinar Mas
Multiartha Tbk, legalized by Deed No. 218 dated
Menara Tekno Lt. 7 / 7th Fl. 25 February 1995 of Veronica Lily Dharma, SH,
Jl. Fachruddin No. 19 public notary in Jakarta, and has been approved
Jakarta Pusat / Central Jakarta 10250 by the Minister of Justice of the Republic
(021) 392 5660 multiartha@smma.co.id of Indonesia under Decree No. C2-5573.
(021) 392 5788 www.smma.co.id HT.01.04.Th.95 dated 5 May 1995.
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Laporan Tahunan 2025
2025 Annual Report
49.7912%
Kepemilikan Saham
Kode Saham Share Ownership
Stock Code
PT Sinar Mas Cakrawala
Indra Widjaja
SMMA Masyarakat (masing-masing di bawah 5%)
Public (each under 5%)
0.0342%
50.1746%
Tanggal Pencatatan Saham Akta Perubahan Terakhir
Stock Listing Date Deed of the Last Amendment
5 Juli 1995. Akta No. 76 tertanggal 19 Juni 2025 dari Aulia Taufani,
5 July 1995. SH, notaris di Jakarta, sehubungan tentang perubahan
Direksi dan Komisaris. Perubahan Anggaran Dasar
ini telah diterima dan dicatat oleh Menteri Hukum
Jumlah Saham yang Beredar dan Hak Asasi Manusia dengan Surat Keputusan
Number of Outstanding Shares
No. AHU-AH.01.09-0303471 tanggal 26 Juni 2025.
6.367.664.717 lembar saham. Deed No. 76 dated 19 June 2025 of Aulia Taufani, SH,
6,367,664,717 shares. Notary in Jakarta, concerning changes in the Board
of Directors and the Board of Commissioners.
The amendment to the Articles of Association
Modal Dasar
has been received and recorded by the Minister
Authorized Capital
of Law and Human Rights pursuant to Decree
Rp2.849.487.360.000,- No. AHU-AH.01.09-0303471 dated 26 June 2025.
(dari 21.513.629.568 lembar saham)
Total Karyawan
Rp2,849,487,360,000 Total Employee
(of 21,513,629,568 shares)
Perseroan : 60 orang
Entitas Anak : 8.851 orang
Modal Disetor (per Desember 2025)
Paid-Up Capital
Company : 60 employees
Rp1.334.890.874.900.000,- Subsidiaries : 8,851 employees
Rp1,334,890,874,900,000 (per December 2025)
Perubahan yang Bersifat Signifikan [POJK.51-C.6]
Significant Changes
Perubahan yang bersifat signifikan bagi Perseroan selama Throughout 2025, the Company had several significant
tahun 2025, yakni: changes, namely:
1. Melakukan divestasi dengan menjual seluruh kepemilikan 1. Conducted a divestment by selling the entire share
saham pada PT Sinarmas Futures dan PT Kebayoran ownership of the Company on PT Sinarmas Futures and
Parama Propetindo; dan PT Kebayoran Parama Propetindo; and
2. Mendirikan PT Sinar Mas Asuransi Syariah bersama dengan 2. Established PT Sinar Mas Asuransi Syariah and PT Asuransi
PT Asuransi Sinar Mas pada 22 April 2025. Sinar Mas on 22 April 2025.
PT Sinar Mas Multiartha Tbk - 65
Page 68
Profil Perusahaan
Company Profile
Riwayat Singkat
Brief History of the Company
Perjalanan PT Sinar Mas Multiartha Tbk
(“Perseroan”) dimulai pada 21 Oktober 1982
dengan nama PT Internas Arta Leasing
Company, yang berfokus pada bidang
pembiayaan, termasuk sewa guna usaha,
anjak piutang, dan pembiayaan konsumen.
The journey of PT Sinar Mas Multiartha Tbk
(“the Company”) began on 21 October 1982
under the name PT Internas Arta Leasing
Company, focusing on financing activities,
including leasing, factoring, and consumer
financing.
Seiring perkembangan usaha dan peluang pertumbuhan di In line with business development and growth opportunities
sektor keuangan, nama Perseroan diubah menjadi PT Internas in the financial sector, the Company’s name was changed to
Arta Finance Company pada tahun 1989, dan selanjutnya PT Internas Arta Finance Company in 1989, and subsequently to
menjadi PT Sinar Mas Multiartha Tbk pada 25 Februari 1995. PT Sinar Mas Multiartha Tbk on 25 February 1995. This change
Perubahan ini menandai langkah strategis untuk memperkuat marked a strategic step to strengthen synergy with the Sinar
sinergi dengan Grup Sinar Mas sekaligus memperluas cakupan Mas Group while expanding the scope of its integrated financial
layanan keuangan yang terintegrasi. services.
Dalam rangka memperkuat struktur permodalan, Perseroan To strengthen its capital structure, the Company listed its shares
mencatatkan saham di Bursa Efek Indonesia pada 5 Juli 1995. on the Indonesia Stock Exchange on 5 July 1995. Since then,
Sejak saat itu, Perseroan memperluas kegiatan usaha melalui the Company has expanded its business activities through
pembentukan dan pengembangan Entitas Anak di berbagai sektor, the establishment and development of Subsidiaries in various
termasuk perdagangan, industri, transportasi, real estat, dan jasa sectors, including trading, industry, transportation, real estate,
keuangan. Perseroan terus mengoptimalkan kinerja di seluruh lini and financial services. The Company continues to optimize
usaha serta memperkuat sinergi antarunit untuk meningkatkan performance across all business lines and enhance synergy among
daya saing dan memastikan keberlanjutan pertumbuhan. units to improve competitiveness and ensure sustainable growth.
Seiring dengan perkembangan usaha, Perseroan terus On track with its business development, the Company continues
memperkuat fondasi bisnis melalui pengembangan Entitas Anak strengthening the business foundation via development of
serta perluasan kegiatan usaha di berbagai sektor strategis. Subsidiaries and expansion of business activities in various
Dukungan sinergi dalam Grup Sinar Mas serta penguatan tata strategic sectors. The synergy within Sinar Mas Group, as well
kelola dan manajemen risiko memungkinkan Perseroan untuk as strengthening of governance and risk management enables
menjaga kinerja yang berkelanjutan serta meningkatkan daya the Company to maintain sustainable performance while enhancing
saing di industri jasa keuangan yang terus berkembang. its competitiveness in the evolving financial services industry.
66 - PT Sinar Mas Multiartha Tbk
Page 69
Laporan Tahunan 2025
2025 Annual Report
Struktur Organisasi
Organization Structure
Direktur Utama
President Director
Burhanuddin
Abdullah
Wakil Direktur
Utama
Vice President
Director
Eric Buntoro
Director Director Director
Business Business Director Director Risk
Business
Consumer Subsidiary Business Management and
Merger & Finance &
Finance Management Relations Compliance
Acquisition Accounting
Ir. Dumoly Agus Leman Tjong Huei
Lynn Ramli Felix
Freddy Pardede Gunawan Wey
Corporate
Secretary
Corporate
Legal
Strategy &
Transformation
Information
Technology
Procurement
HRD
PT Sinar Mas Multiartha Tbk - 67
Page 70
Profil Perusahaan
Company Profile
Jejak Langkah 2003 • Perseroan telah melakukan tambahan investasi pada
PT Jakarta Teknologi Utama Motor, PT Arthamas
Milestones Solusindo, PT Shinta Utama, PT Sinar Mas Multifinance,
dan penyertaan modal pada PT Asuransi Sumit Oto.
• The Company increased its investment at PT Jakarta
Teknologi Utama Motor, PT Arthamas Solusindo,
PT Shinta Utama, PT Sinar Mas Multifinance, and capital
at PT Asuransi Sumit Oto.
1982 Perseroan didirikan dengan nama PT Internas Arta Leasing
Company.
2005 Perseroan melaksanakan Penawaran Umum Terbatas III
The Company was established under the name of PT Internas
dalam rangka penerbitan HMETD.
Arta Leasing Company.
The Company launched Right Issue III through Limited
Public Offering III.
1989 Perseroan berubah nama menjadi PT Internas Arta Finance
Company.
The Company changed its name to PT Internas Arta Finance 2008 Perseroan menyelenggarakan Penawaran Umum Terbatas
Company. IV dalam rangka penerbitan HMETD.
The Company launched Right Issue IV through Limited
Public Offering IV.
1995 • Perseroan berubah nama menjadi PT Sinar Mas
Multiartha Tbk; dan
• Perseroan memperoleh pernyataan efektif dari Badan
201 1 • Perseroan melakukan tambahan investasi pada PT Jakarta
Pengawas Pasar Modal dan Lembaga Keuangan
Teknologi Utama Motor dan PT Sinar Mas Multifinance;
(Bapepam) (initial public offering) dan mencatatkan
dan
sahamnya di Pasar Modal, yaitu PT Bursa Efek Jakarta
• Pada 11 Juli 2011, Perseroan menjual 50% saham
dan PT Bursa Efek Surabaya.
PT Asuransi Jiwa Sinarmas kepada MSI. Aksi korporasi
• The Company changed its name to PT Sinar Mas ini menyebabkan Entitas Anak tersebut melakukan
Multiartha Tbk; and perubahan nama menjadi PT MSIG Life Insurance
• The Company obtained effective letter from the Capital Indonesia Tbk (dahulu PT Asuransi Jiwa Sinarmas
Market Supervisory Agency (Bapepam) to conduct initial MSIG Tbk).
public offering and to list its shares in Jakarta Stock
• The Company increased its investment at PT Jakarta
Exchange and Surabaya Stock Exchange.
Teknologi Utama Motor and PT Sinar Mas Multifinance;
and
• On 11 July 2011, the Company sold 50% of its shares at
1996 • Perseroan mengganti bidang usahanya, semula pembiayaan
PT Asuransi Jiwa Sinarmas to MSI. As a result of this
menjadi holding company, sedangkan untuk kegiatan
corporate action, there was a change in the name of
pembiayaan dialihkan kepada PT Sinar Mas Multifinance; dan
the Subsidiary to PT MSIG Life Insurance Indonesia Tbk
• Perseroan melakukan Penawaran Umum Terbatas I
(formerly PT Asuransi Jiwa Sinarmas MSIG Tbk).
dalam rangka penerbitan Hak Memesan Efek Terlebih
Dahulu (HMETD).
• The Company changed its line of business from financing
201 2 Perseroan melakukan tambahan investasi pada PT Sinar
to holding company, and transferred its financing
Mas Multifinance, PT Jakarta Teknologi Utama, PT Shinta
activities to PT Sinar Mas Multifinance; and
Utama, dan PT AB Sinar Mas Multifinance.
• The Company launched Right Issue I through Limited
Public Offering I. The Company increased its investment at PT Sinar Mas
Multifinance, PT Jakarta Teknologi Utama, PT Shinta
Utama, and PT AB Sinar Mas Multifinance.
2003 • Perseroan melaksanakan Reverse Stock Split (peningkatan
nilai nominal saham) dan penambahan seri saham;
• Perseroan melaksanakan Penawaran Umum Terbatas II 201 3 • Pada 5 Februari 2013, Perseroan mengonversi seluruh
dalam rangka penerbitan HMETD; dan pinjaman pada Global Asian Investment Limited (GAI)
• The Company conducted Reverse Stock Split and issued menjadi modal dasar sebesar HKD3.999.999;
additional series of shares; • On 5 February 2013, the Company converted a total
• The Company launched Right Issue II through Limited HKD3,999,999 loan to Global Asian Investment Limited
Public Offering II; and (GAI) into authorized capital;
1982 2003
- -
2003 2013
68 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
2013 • Pada 1 Maret 2013, Perseroan menjual seluruh saham 201 5 • Pada 20 November 2015, Perseroan melakukan
PT Oto Multiartha dan PT Summit Oto Finance yang dimiliki; RUPS Luar Biasa yang antara lain menyetujui rencana
• Perseroan telah melakukan tambahan investasi pada Perseroan untuk melakukan penambahan modal tanpa
PT Jakarta Teknologi Utama dan PT Sinar Mas Multifinance; hak memesan efek terlebih dahulu (PMTHMETD)
• Pada 17 Juni 2013, Perseroan telah melaksanakan sebesar 10% dari seluruh saham yang telah ditempatkan
penjualan saham sebesar 35,19% yang ada pada dan disetor penuh dalam Perseroan atau sebanyak
PT Super Wahana Tehno; dan 623.780.871 saham Seri B dengan nilai nominal Rp100,-
• Pada September 2013, Perseroan melakukan akuisisi per saham; dan
99,99% saham dari PT Rizki Lancar Sentosa. • Pada 15 Desember 2015, Perseroan melaksanakan
• On 1 March 2013, the Company sold all its shares at keterbukaan informasi tentang pemberitahuan pelaksanaan
PT Oto Multiartha and PT Summit Oto Finance; PMTHMETD Tahap I sejumlah 119.856.000 saham
• The Company increased its investment at PT Jakarta dengan nilai nominal Rp100,- per lembar saham dengan
Teknologi Utama and PT Sinar Mas Multifinance; harga pelaksanaan sebesar Rp5.006,- per lembar
• On 17 June 2013, the Company sold 35.19% of its shares at saham kepada investor yaitu PT Summit Auto Group,
PT Super Wahana Tehno; and di mana pihak yang akan menerima saham tersebut
• In September 2013, the Company acquired 99.99% bukanlah Pihak Berelasi/Afiliasi dari Pemegang Saham
shares of PT Rizki Lancar Sentosa. Pengendali, Dewan Komisaris, dan Direksi Perseroan.
Selain itu, pelaksanaan PMTHMETD Tahap I tersebut
serta pencatatan saham baru di Bursa Efek Indonesia
dilakukan pada 22 Desember 2015.
2014 • Pada Juni 2014, PT Asuransi Sinar Mas mengumumkan
• On 20 November 2015, the Company through
dan membagikan dividen kepada PT Sinar Mas
Extraordinary GMS, gave an approval to the Company’s
Multiartha Tbk dan PT Sinar Mas Multifinance sebesar
plan to increase 10% of its paid-up capital or
Rp276 miliar; dan
623,780,871 Series B shares with nominal value
• Perseroan telah melakukan investasi antara lain pada
Rp100 per share by issuing new shares through a Right
Juni 2014 kepada PT Wapindo Jasaartha sebesar
Issue; and
Rp1,5 miliar dan pada Agustus 2014 kepada PT Sinar
• On 15 December 2015, the Company announced that
Artha Konsulindo sebesar Rp50 juta.
it will issue 119,856,000 new shares with nominal value
• In June 2014, PT Asuransi Sinar Mas distributed a total Rp100 per share and exercise price of Rp5,006 per shares
of Rp276 billion dividend to PT Sinar Mas Multiartha Tbk to PT Summit Auto Group, an investor with no affiliation
and PT Sinar Mas Multifinance; and relationship with the Company’s Controlling Shareholder,
• The Company made Rp1.5 billion investment to Board of Commissioners, and Board of Directors. Both
PT Wapindo Jasaartha in June 2014 and Rp50 million to Pre-Emptive Rights Phase I and listing of new shares in
PT Sinar Artha Konsulindo in August 2014. Indonesia Stock Exchange is held on 22 December 2015.
2015 • Pada 12 Juni 2015, Perseroan telah melakukan Rapat 201 6 • Perseroan menambah investasi pada PT Oto Multiartha
Umum Pemegang Saham Tahunan dan Rapat Umum sebesar Rp139 miliar dan PT Summit Oto Finance sebesar
Pemegang Saham Luar Biasa; Rp366 miliar;
• Pada Juni 2015 ini juga Perseroan telah melakukan • Perseroan menjual seluruh saham PT Panji Ratu Jakarta
penyertaan modal pada PT Sinarmas Hana Finance kepada PT Surya Mitra Sejati;
sebesar Rp22,5 miliar; • Perseroan melakukan penyertaan modal pada PT Century
• Pada bulan Oktober 2015, Entitas Anak, yaitu PT Asuransi Tokyo Leasing Indonesia sebesar Rp45 miliar; dan
Sinar Mas telah melakukan pembelian 50% saham • Pada 16 Agustus 2016, Perseroan melangsungkan
PT Asuransi Jiwa Mega Life dari Pemegang Saham lama, PMTHMETD sebanyak 10.000.000 saham Seri B dengan
yaitu PT Mega Corpora, yang diikuti dengan perubahan jumlah dana yang diperoleh sebesar Rp50,06 miliar.
nama menjadi PT Asuransi Simas Jiwa; • The Company increased its investment at PT Oto
• On 12 June 2015, the Company conducted Annual Multiartha by Rp139 billion and PT Summit Oto Finance
General Meeting of Shareholders and Extraordinary by Rp366 billion;
General Meeting of Shareholders; • The Company sold all of its shares at PT Panji Ratu
• In June 2015, the Company made Rp22.5 billion capital Jakarta to PT Surya Mitra Sejati;
investment to PT Sinarmas Hana Finance; • The Company made Rp45 billion capital investment at
• In October 2015, the Company’s Subsidiary, PT Asuransi PT Century Tokyo Leasing Indonesia; and
Sinar Mas bought 50% shares of PT Asuransi Jiwa Mega • On 16 August 2016, the Company issued 10,000,000
Life from its previous Shareholder, PT Mega Corpora, and Series B shares equivalent to Rp50.06 billion through
changed its name to PT Asuransi Simas Jiwa; a Right Issue.
2013 2015
- -
2015 2016
PT Sinar Mas Multiartha Tbk - 69
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Profil Perusahaan
Company Profile
2017 • Perseroan melakukan penyertaan modal pada beberapa 201 9 • Perseroan membeli seluruh saham PT Dana Pinjaman
Entitas Anak, yakni PT Asuransi Simas Jiwa Syariah Inklusif milik PT Arthamas Solusindo sebanyak 45 lembar
sebesar Rp75 miliar, PT Reasuransi Nusantara Makmur saham atau sebesar Rp45 juta;
sebesar Rp3 miliar, serta PT Dana Pinjaman Inklusif • Perseroan membeli saham PT Sinar Mitra Sepadan
sebesar Rp55 juta; Finance milik Orix Corporation Jepang sebanyak
• Perseroan menambah setoran modal pada PT Pasar 82,5 ribu lembar saham Seri A dan 1,43 miliar lembar
Dana Pinjaman sebesar Rp2,5 miliar, PT AB Sinar saham Seri B dengan jumlah pembelian sebesar
Mas Multifinance berturut-turut sebesar Rp220 miliar Rp96,19 miliar;
dan sebesar Rp30 miliar, serta pada PT Sinar Mas • Perseroan melakukan penyertaan modal/investasi pada
Multifinance sebesar Rp150 miliar; beberapa Entitas Anak, yaitu:
• Perseroan membeli saham PT Asuransi Simas Net - PT Dana Saham Bersama sebesar Rp4,99 miliar;
sebanyak 14.000 lembar saham atau sebesar Rp14 miliar - PT SGMW Multifinance Indonesia sebesar Rp76 miliar;
dari PT Asuransi Sinar Mas dan melakukan tambahan - PT Jakarta Teknologi Utama sebesar Rp100 miliar;
setoran modal pada PT Asuransi Simas Net tersebut - PT Shinta Utama sebesar Rp247,52 miliar;
sebesar Rp7,5 miliar; dan - PT Rizki Lancar Sentosa sebesar Rp278 miliar; dan
• Pada 2 Juni 2017, Perseroan mengonversi PMTHMETD • Perseroan menjual sebagian saham PT MSIG Life
saham seri B yang telah ditukar menjadi saham sebanyak Insurance Indonesia Tbk (dahulu PT Asuransi Jiwa
129.856.000 saham sehingga jumlah saham Seri A dan Sinarmas MSIG Tbk) sebanyak 393,75 juta saham biasa.
Seri B sebanyak 6.367.664.717 saham. • The Company bought 45 shares equivalent to
• The Company made a capital investment of Rp75 billion Rp45 million of PT Dana Pinjaman Inklusif from
at PT Asuransi Simas Jiwa Syariah, Rp3 billion at PT Arthamas Solusindo;
PT Reasuransi Nusantara Makmur, and Rp55 million at • The Company bought 82.5 thousand Series A shares and
PT Dana Pinjaman Inklusif; 1.43 billion Series B shares equivalent to Rp96.19 billion
• The Company increased its paid-up capital at of PT Sinar Mitra Sepadan Finance from Orix Corporation
PT Pasar Dana Pinjaman by Rp2.5 billion, PT AB Sinar Japan;
Mas Multifinance by Rp220 billion and Rp30 billion, and • The Company made capital investment at the following
at PT Sinar Mas Multifinance by Rp150 billion; Subsidiaries:
• The Company bought 14,000 shares equivalent to - PT Dana Saham Bersama by Rp4.99 billion;
Rp14 billion of PT Asuransi Simas Net shares from - PT SGMW Multifinance Indonesia by Rp76 billion;
PT Asuransi Sinar Mas, and increased its paid-up capital - PT Jakarta Teknologi Utama by Rp100 billion;
at PT Asuransi Simas Net by Rp7.5 billion; and - PT Shinta Utama by Rp247.52 billion;
• On 2 June 2017, the Company converted 129,856,000 - PT Rizki Lancar Sentosa by Rp278 billion; and
Series B shares, thus the Company’s total Series A and • The Company sold 393.75 million of its ordinary shares
Series B was 6,367,664,717 shares. at PT MSIG Life Insurance Indonesia Tbk (formerly
PT Asuransi Jiwa Sinarmas MSIG Tbk).
2018 Perseroan melakukan tambahan setoran modal/investasi
pada Entitas Anak, yaitu: 2020 • Perseroan menjual seluruh saham PT Century Tokyo
• PT Oriente Mas Sejahtera sebesar Rp3,9 miliar; Leasing sebanyak 45 ribu saham;
• PT Dana Pinjaman Inklusif sebesar Rp2,5 miliar; • Perseroan menerbitkan PUB I Obligasi Sinar Mas
• PT Jakarta Teknologi Utama sebesar Rp50 miliar; Multiartha Tahap I dan II dengan Tingkat Bunga Tetap
• PT Sinar Mas Multifinance sebesar Rp40 miliar; sebesar Rp875 miliar; dan
• PT Asuransi Simas Net sebesar Rp39 miliar; • Perseroan melakukan tambahan investasi/setoran modal
• PT Peduli Sehat Gotong Royong sebesar Rp6.375 miliar; kepada PT Sinartama Gunita, PT Sinar Artha Trading,
dan PT Peduli Sehat Gotong Royong, PT Sinarmas Hana
• PT SGMW Multifinance Indonesia sebesar Rp38 miliar. Finance, dan PT Digital Solusindo Nusantara.
The Company increased its paid-up capital at the following • The Company sold 45 thousand shares (all shares) of
Subsidiaries: PT Century Tokyo Leasing;
• PT Oriente Mas Sejahtera by Rp3.9 billion; • The Company issued Sinar Mas Multiartha PUB I Bond
• PT Dana Pinjaman Inklusif by Rp2.5 billion; Phase I and II with a Fixed Interest Rate amounting
• PT Jakarta Teknologi Utama by Rp50 billion; Rp875 billion; and
• PT Sinar Mas Multifinance by Rp40 billion; • The Company increased its investment/paid-up capital
• PT Asuransi Simas Net by Rp39 billion; to PT Sinartama Gunita, PT Sinar Artha Trading, PT Peduli
• PT Peduli Sehat Gotong Royong by Rp6,375 billion; and Sehat Gotong Royong, PT Sinarmas Hana Finance, and
• PT SGMW Multifinance Indonesia by Rp38 billion. PT Digital Solusindo Nusantara.
2017 2019
- -
2018 2020
70 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
2021 • Perseroan menerbitkan PUB II Obligasi Sinar Mas 2024 • Perseroan menerbitkan PUB III Obligasi Sinar Mas Multiartha
Multiartha Tahap I dengan Tingkat Bunga Tetap sebesar Tahap I Tahun 2024 dengan Tingkat Bunga Tetap sebesar
Rp705 miliar; dan Rp1,5 triliun; dan
• Perseroan membentuk Entitas Anak baru, yakni • Perseroan memberikan pinjaman kepada PT Sinar Mas
PT Sistem Loka Triprima (SLT) dan PT Zimba Onix Mustika Multifinance serta tambahan setoran modal/investasi
(ZOM) melalui PT Shinta Utama, PT Data Opal Terpadu kepada PT Sinarmas Ventura, PT Hyundai Capital
(DOT) melalui PT Arthamas Solusindo, serta Sinar Mas Finance Indonesia, PT Liugong Finance Indonesia, dan
Life Insurance (SLI) melalui Sinar Mas Insurance dan PT Shinta Utama.
PT Asuransi Simas Jiwa. • The Company issued PUB III of Sinar Mas Multiartha
• The Company issued Sinar Mas Multiartha SPO II Bond Bonds Phase I of 2024 with Fixed Interest Rate of
Phase I with a Fixed Interest Rate of Rp705 billion; and Rp1.5 trillion; and
• The Company forms new Subsidiaries, namely PT Sistem • The Company provided a loan to PT Sinar Mas Multifinance
Loka Triprima (SLT) and PT Zimba Onix Mustika (ZOM) and additional capital/investments to PT Sinarmas Ventura,
through PT Shinta Utama, PT Data Opal Terpadu (DOT) PT Hyundai Capital Finance Indonesia, PT Liugong Finance
through PT Arthamas Solusindo, and Sinar Mas Life Indonesia, and PT Shinta Utama.
Insurance (SLI) through Sinar Mas Insurance and
PT Asuransi Simas Jiwa.
2025 • Perseroan menerbitkan PUB III Obligasi
Sinar Mas Multiartha Tahap II Tahun 2025,
2022 • Perseroan menerbitkan PUB II Obligasi Sinar Mas Tahap III 2025, dan Tahap IV 2025 dengan
Multiartha Tahap II dan Tahap III dengan Tingkat Bunga
Tingkat Bunga Tetap, masing-masing sebesar
Tetap masing-masing sebesar Rp1,85 triliun, Rp1,66 triliun,
dan Rp784,72 miliar; dan Rp800 miliar, Rp300 miliar, dan Rp1,05 triliun;
• Perseroan membentuk Entitas Anak baru, yakni PT Pasar dan
Gadai Digital (PGD). • Perseroan memberikan pinjaman kepada
• The Company issued PUB II of Sinar Mas Multiartha PT Sinar Mas Multifinance dan PT AB Sinar
Bonds Phase II and Phase III with Fixed Interest Rate Mas Multifinance serta tambahan setoran
of Rp1.85 trillion, Rp1.66 trillion, and Rp784.72 billion
modal/investasi kepada Global Asian
respectively; and
Investments Limited, PT Sinar Mas Asuransi
• The Company forms new Subsidiary, namely PT Pasar
Gadai Digital (PGD). Syariah, PT Rizki Lancar Sentosa, dan
PT Lembaga Sertifikasi Profesi Asuransi
Kompetensi Indonesia (LSP AKASI).
2023 • Perseroan menerbitkan PUB II Obligasi Sinar Mas
Multiartha Tahap IV dengan Tingkat Bunga Tetap sebesar • The Company issued Sinar Mas Multiartha
Rp784,72 miliar; PUB III Bond Phase II Year 2025, Phase III
• Perseroan melakukan pembelian seluruh saham Year 2025, and Phase IV Year 2025 with
PT Pasar Dana Pinjaman (Danamas); Fixed Interest Rate, of Rp800 billion,
• Perseroan mendirikan PT Bank Nano Syariah bersama
Rp300 billion, and Rp1.05 trillion respectively;
PT Bank Sinarmas Tbk dan PT Asuransi Sinar Mas;
• Perseroan membentuk Entitas Anak baru, yakni and
PT Kreasi Retail Nusantara; dan • The Company provided a loan to PT Sinar
• Perseroan menjual seluruh saham PT Bima Multi Finance Mas Multifinance and PT AB Sinar
sebanyak 53.125.267 lembar saham. Mas Multifinance, as well as additional
• The Company issued PUB II of Sinar Mas Multiartha capital/investment to Global Asian
Bonds Phase IV with Fixed Interest Rate of
Investments Limited, PT Sinar Mas Asuransi
Rp784.72 billion;
• The Company bought all shares of PT Pasar Dana Syariah, PT Rizki Lancar Sentosa, and
Pinjaman (Danamas); PT Lembaga Sertifikasi Profesi Asuransi
• The Company established PT Bank Nano Syariah with Kompetensi Indonesia (LSP AKASI).
PT Bank Sinarmas Tbk and PT Asuransi Sinar Mas;
• The Company established new Subsidiary, namely
PT Kreasi Retail Nusantara; and
• The Company sold all 53,125,267 shares of PT Bima
Multi Finance.
2021 2024
- -
2023 2025
PT Sinar Mas Multiartha Tbk - 71
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Profil Perusahaan
Company Profile
Visi, Misi, dan Nilai Perusahaan [POJK.51-C.1]
Vision, Mission, and Corporate Values
VISI Vision
“ Mewujudkan SMMA sebagai
penyedia jasa keuangan terpadu
(one stop integrated financial
services) yang terkemuka.”
“ To bring SMMA into the leading
one stop integrated financial
services.”
MISI Mission
Melaksanakan prinsip bisnis yang saling Memberikan pelayanan yang terbaik kepada
menguntungkan dan saling mempercayai. klien, nasabah, dan investor.
To carry out business principles of mutual benefit To provide the best service to its clients, customers,
and mutual trust. and investors.
Meningkatkan kemampuan sumber daya Menyediakan sumber daya manusia yang siap
manusia yang berkualitas. pakai bagi Perusahaan Anak.
To improve the capability of qualified human To provide competent human resources for its
resources. Subsidiaries.
Meningkatkan penerapan prinsip-prinsip Good
Menghasilkan pendapatan yang optimal bagi
Corporate Governance dan Etika Bisnis.
para Pemegang Saham.
To improve the implementation of Good Corporate
To generate optimum revenue for Shareholders.
Governance principles and Business Ethics.
72 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
Nilai Perusahaan
Corporate Values
Integritas Sikap Positif Komitmen
Integrity Positive Attitude Commitment
Peningkatan
yang Berkelanjutan Loyalitas Inovasi
Continuous Loyalty Innovation
Development
Review Visi dan Misi
Vision and Mission Review
Pada periode pelaporan, Dewan Komisaris bersama Direksi telah
melakukan evaluasi atas Visi dan Misi Perseroan. Berdasarkan hasil
evaluasi tersebut, Visi dan Misi yang berlaku dinilai tetap relevan
serta selaras dengan strategi bisnis dan arah pertumbuhan Perseroan
di masa mendatang.
During the reporting period, the Board of Commissioners and the Board of
Directors conducted an evaluation of the Company’s Vision and Mission.
Based on the results of the evaluation, the existing Vision and Mission were
deemed to remain relevant and aligned with the Company’s business strategy
and future growth direction.
PT Sinar Mas Multiartha Tbk - 73
Page 76
Profil Perusahaan
Company Profile
Bidang Usaha [POJK.51-C.4]
Line of Business
Berdasarkan Anggaran Dasar, Bidang Usaha Perseroan, meliputi:
The Company Line of Business as Stated in the Articles of Association is as follows:
Bidang Keuangan dan Asuransi / Finance and Insurance Sector
Aktivitas perusahaan holding. Holding company activities.
Bidang Aktivitas Profesional Ilmiah dan Teknis / Science and Technical Professional Activities Sector
• Aktivitas kantor pusat; dan • Head office activities; and
• Aktivitas konsultan manajemen. • Management consultant activities.
Bidang Perdagangan Besar / Wholesaler Sector
• Perdagangan besar atas balas jasa (fee) atau kontrak; dan • Wholesaler of fee or contract; and
• Perdagangan besar berbagai macam barang. • Wholesaler of various kind of goods.
Teknologi
Asuransi Pasar Modal Pembiayaan Keuangan Lainnya
Bank
Insurance Capital Market Multifinance Financial Others
Technology
Asuransi Biro Bank Umum Pembiayaan Layanan Pinjam Investasi
Umum Administrasi Konvensional Investasi Meminjam Uang Investment
General Efek Conventional Investment Berbasis Teknologi
Insurance Share Registrar Commercial Financing Informasi
Manajemen
Bank Peer to Peer Dana
Lending
Asuransi Jiwa Sekuritas Pembiayaan Fund
Life Insurance Securities Bank Syariah Modal Kerja Management
Sharia Bank Working Digital Finance
Asuransi Syariah Manajemen Capital Finance Perdagangan
Sharia Insurance Aset Perdagangan dan Jasa
Asset Valuta Asing Pembiayaan Trading and
Agen Asuransi Management Money Changer Multiguna dan/atau Services
Insurance Agent Kegiatan Usaha
Lain berdasarkan
Balai Lelang
Persetujuan
Penjamin Kredit Auction House
Otoritas Jasa
Loan Guarantor Keuangan
Multi Finance Properti
Reasuransi and/or Other Property
Reinsurance Business Activites
with Financial Bengkel
Services Authority Workshop
Approval
Klinik
Sewa Operasi Clinic
dan/atau Kegiatan
Berbasis Fee
Modal Ventura
Operating Lease
Venture Capital
and/or Fee-Based
Activities
Crowdfunding
Pegadaian
Pawnshop
74 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
Wilayah Operasional [POJK.51-C.3]
Operational Areas
TIONGKOK /
CHINA
HONG KONG
TIMOR LESTE
JAKARTA
Pusat Aktivitas Bisnis Entitas Anak
Business Activities Center Subsidiaries
Catatan: Notes:
Seluruh aktivitas bisnis Perseroan terpusat di Jakarta. Namun, All of the Company’s business activities are centered in Jakarta.
Perseroan memiliki Entitas Anak yang berdomisili di Hong Kong, However, the Company has Subsidiaries domiciled in Hong Kong,
Timor Leste, dan Tiongkok. Timor Leste, and China.
PT Sinar Mas Multiartha Tbk - 75
Page 78
Profil Perusahaan
Company Profile
Struktur Korporasi
Corporate Structure
Insurance Multifinance Bank
PT Asuransi Sinar Mas PT Sinar Mas Multifinance PT Bank Sinarmas Tbk
(99.99%) (99.99%) (59.99%)
PT Asuransi Simas Jiwa PT AB Sinar Mas Multifinance PT Bank Nano Syariah
(99.99%) (99.99%) (25.00%)
PT Asuransi Simas Insurtech PT Sinarmas Hana Finance PT Simas Money Changer
(75.38 %) (15.00%) (99.90%)
PT Reasuransi Nusantara Makmur PT Oto Multiartha
(99.00%) (15.00%)
PT Sinarmas Penjamin Kredit PT Summit Oto Finance
(99.99%) (15.00%)
PT Penjaminan Ulang Indonesia PT SGMW Multifinance Indonesia
(100.00%) (19.00%)
Sinar Mas Insurance PT Sinar Mitra Sepadan Finance
(91.42%) (15.00%)
Sinar Mas Life Insurance PT Hyundai Capital Finance Indonesia
(90.00%) (15.00%)
PT Asuransi Sumit Oto PT Liugong Finance Indonesia
(48.00%) (19.00%)
PT KB Insurance Indonesia
(30.00%)
PT Sinar Artha Konsulindo
(99.92%)
PT Sinar Mas Asuransi Syariah*)
(1.00%)
PT Asuransi Jiwa Sinarmas Syariah**)
(100.00%)
PT MSIG Life Insurance
Indonesia Tbk
(dahulu / formerly
PT Asuransi Jiwa Sinarmas MSIG Tbk)
(12.50%)
*) Mulai beroperasi Februari 2026. / Started its operation in February 2026.
**) Kepemilikan saham melalui PT Asuransi Simas Jiwa dan PT Asuransi Sinar Mas. / Share ownership through PT Asuransi Simas Jiwa and PT Asuransi Sinar Mas.
76 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
Securities Fintech & Digital Finance Others
PT Sinarmas Sekuritas PT Pasar Dana Pinjaman (Danamas) PT Shinta Utama
(99.99%) (99.99%) (99.95%)
PT Sinarmas Asset Management PT Dana Saham Bersama PT Rizki Lancar Sentosa
(99.98%) (99.99%) (99.99%)
PT Sinarmas Gunita PT Orientee Mas Sejahtera PT Arthamas Solusindo
(99.99%) (15.00%) (99.99%)
PT Digital Solusindo Nusantara PT Wapindo Jasaartha
(99.99%) (99.96%)
PT Sistem Loka Triprima PT Wapindo Jasa Farma
(99.92%) (100.00%)
PT Data Opal Terpadu PT Simas Sehat Sejahtera
(99.92%) (80.00%)
PT Dana Digital Group PT Arthamas Informatika
(1.69%) (99.92%)
PT Balai Lelang Sinarmas
(99.99%)
PT Sinar Artha Inforindo
(99.92%)
PT Artha Bina Usaha
(92.00%)
PT Sinar Artha Trading
(99.99%)
PT Sinar Artha Solusindo
(99.92%)
PT Peduli Sehat Gotong Royong
(31.01%)
PT Sinar Mas Ventura
(99.99%)
Global Asian Investment Limited
(100.00%)
PT Jakarta Teknologi Utama
(99.99%)
PT Techno Karya Utama
(100.00%)
PT Tokoonderdil Karya Utama
(100.00%)
PT Techno Mandiri Utama
(100.00%)
PT Autopro Utama Perkasa
(99.88%)
PT Pasar Gadai Digital
(99.97%)
PT Zimba Onix Mustika
(99.92%)
PT Kreasi Retail Nusantara
(99.60%)
PT Berkat Surya Mandiri
(100.00%)
PT Citra Grahareksa Abadi
(75.00%)
PT Sinar Mas Multiartha Tbk - 77
Page 80
Profil Perusahaan
Company Profile
Informasi Entitas Anak dan Entitas Asosiasi
Information on Subsidiaries and Associates
Total Aset
Kepemilikan
(Sebelum Eliminasi)*)
Saham Status Operasi
Perusahaan Bidang Usaha Domisili (jutaan Rupiah)
Share Status of
Company Line of Business Domicile Total Assets
Ownership Operations
(Before Eliminations)*)
(%)
(million Rupiah)
Entitas Anak / Subsidiaries
Bank Umum
Konvensional Beroperasi sejak 1990
PT Bank Sinarmas Tbk Jakarta 57,303,096 59.99
Conventional Operating since 1990
Commercial Bank
Perbankan Syariah Beroperasi sejak 2024
PT Bank Nano Syariah Jakarta 9,793,611 25.00
Sharia Banking Operating since 2024
Asuransi Umum Beroperasi sejak 1986
PT Asuransi Sinar Mas Jakarta 20,359,830 99.99
General Insurance Operating since 1986
Asuransi Jiwa Beroperasi sejak 1995
PT Asuransi Simas Jiwa Jakarta 25,285,202 99.99
Life Insurance Operating since 1995
Asuransi Umum Beroperasi sejak 2014
PT Asuransi Simas Insurtech Jakarta 3,200,270 75.38
General Insurance Operating since 2014
PT Reasuransi Nusantara Reasuransi Beroperasi sejak 2017
Jakarta 6,776,799 99.00
Makmur Reinsurance Operating since 2017
Beroperasi sejak 1996
PT Sinar Mas Multifinance Multifinance Jakarta 4,743,511 99.99
Operating since 1996
PT AB Sinar Mas Beroperasi sejak 1996
Multifinance Jakarta 923,007 99.99
Multifinance Operating since 1996
Sekuritas Beroperasi sejak 1992
PT Sinarmas Sekuritas Jakarta 2,149,395 99.99
Securities Operating since 1992
PT Sinarmas Asset Aset Manajemen Beroperasi sejak 2012
Jakarta 812,618 99.98
Management Management Asset Operating since 2012
Modal Ventura Beroperasi sejak 2019
PT Sinar Mas Ventura Jakarta 52,517 99.99
Venture Capital Operating since 2019
Biro Administrasi
Efek
Beroperasi sejak 1992
PT Sinartama Gunita Securities Jakarta 308,463 99.99
Operating since 1992
Administration
Bureau
PT Pasar Dana Pinjaman Beroperasi sejak 2017
Fintech Jakarta 690,293 99.99
(Danamas) Operating since 2017
Perdagangan dan
Jasa Beroperasi sejak 2000
PT Wapindo Jasaartha Jakarta 12,121 99.96
Operating since 2000
Trading and Services
Agen Asuransi Beroperasi sejak 2000
PT Sinar Artha Konsulindo Jakarta 1,693 99.92
Insurance Agent Operating since 2000
Republik
Demokrasi
Asuransi Umum Timor Leste Beroperasi sejak 2011
Sinar Mas Insurance 324,566 91.42
General Insurance Democratic Operating since 2011
Republic of
Timor Leste
*) Jumlah Aset (Sebelum Eliminasi) berdasarkan Catatan 1 Laporan Keuangan Konsolidasian Perseroan. / The Total Assets (Before Eliminations) based on Note 1 of the Company’s
Consolidated Financial Statements.
**) Kepemilikan saham melalui PT Asuransi Simas Jiwa dan PT Asuransi Sinar Mas. / Share ownership through PT Asuransi Simas Jiwa and PT Asuransi Sinar Mas.
78 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
Total Aset
Kepemilikan
(Sebelum Eliminasi)*)
Saham Status Operasi
Perusahaan Bidang Usaha Domisili (jutaan Rupiah)
Share Status of
Company Line of Business Domicile Total Assets
Ownership Operations
(Before Eliminations)*)
(%)
(million Rupiah)
Bank (Pedagang
Valuta Asing) Beroperasi sejak 2007
PT Simas Money Changer Jakarta 6,842 99.90
Operating since 2007
Money Changer
Securities Beroperasi sejak 2021
PT Dana Saham Bersama Jakarta 1,479 99.99
Crowdfunding Operating since 2021
Perdagangan Umum
dan Jasa Beroperasi sejak 2010
PT Shinta Utama Jakarta 2,939,687 99.95
General Trading and Operating since 2010
Services
Properti Beroperasi sejak 2011
PT Rizki Lancar Sentosa Jakarta 1,133,426 99.99
Property Operating since 2011
Teknologi Informasi
Beroperasi sejak 2014
PT Arthamas Solusindo Information Jakarta 1,856,116 99.99
Operating since 2014
Technology
Teknologi Informasi
Belum beroperasi
PT Arthamas Informatika Information Jakarta 847 99.92
Not yet in operation
Technology
Balai Lelang Beroperasi sejak 2021
PT Balai Lelang Sinarmas Jakarta 15,573 99.99
Auction Hall Operating since 2021
Teknologi Informasi
Belum beroperasi
PT Sinar Artha Inforindo Information Jakarta 214 99.92
Not yet in operation
Technology
Perdagangan dan
Jasa Belum beroperasi
PT Artha Bina Usaha Jakarta 147 92.00
Not yet in operation
Trading and Services
Perdagangan Umum Belum beroperasi
PT Sinar Artha Trading Jakarta 1,099 99.99
Trading and Services Not yet in operation
Perdagangan dan
Jasa Belum beroperasi
PT Sinar Artha Solusindo Jakarta 799 99.92
Not yet in operation
Trading and Services
Global Asian Investment Investasi Beroperasi sejak 2012
Hong Kong 1,113 100.00
Limited Investment Operating since 2012
Otomotif Beroperasi sejak 1999
PT Jakarta Teknologi Utama Jakarta 688,922 99.99
Automotive Operating since 1999
Otomotif Beroperasi sejak 2006
PT Autopro Utama Perkasa Jakarta 61,883 99.88
Automotive Operating since 2006
Perdagangan
dan Jasa Beroperasi sejak 2020
PT Wapindo Jasa Farma Jakarta 806 100.00
Operating since 2020
Trading and Services
PT Digital Solusindo Belum beroperasi
Digital Finance Jakarta 2,518 99.99
Nusantara Not yet in operation
*) Jumlah Aset (Sebelum Eliminasi) berdasarkan Catatan 1 Laporan Keuangan Konsolidasian Perseroan. / The Total Assets (Before Eliminations) based on Note 1 of the Company’s
Consolidated Financial Statements.
**) Kepemilikan saham melalui PT Asuransi Simas Jiwa dan PT Asuransi Sinar Mas. / Share ownership through PT Asuransi Simas Jiwa and PT Asuransi Sinar Mas.
PT Sinar Mas Multiartha Tbk - 79
Page 82
Profil Perusahaan
Company Profile
Total Aset
Kepemilikan
(Sebelum Eliminasi)*)
Saham Status Operasi
Perusahaan Bidang Usaha Domisili (jutaan Rupiah)
Share Status of
Company Line of Business Domicile Total Assets
Ownership Operations
(Before Eliminations)*)
(%)
(million Rupiah)
PT Sinarmas Penjaminan Penjaminan Beroperasi sejak 2019
Jakarta 3,134,470 99.99
Kredit Guarantee Operating since 2019
Perdagangan Umum Beroperasi sejak 2017
PT Techno Mandiri Utama Jakarta 1,380 100.00
General Trading Operating since 2017
Perdagangan Umum Beroperasi sejak 2017
PT Techno Karya Utama Jakarta 4,381 100.00
General Trading Operating since 2017
PT Tokoonderdil Karya Perdagangan Umum Beroperasi sejak 2017
Jakarta 2,879 77.20
Utama General Trading Operating since 2017
Perdagangan Umum Beroperasi sejak 2022
PT Berkat Surya Mentari Jakarta 314 100.00
General Trading Operating since 2022
Perhutanan Beroperasi sejak 2019
PT Citra Grahareksa Abadi Jakarta 34,957 75.00
Forestry Operating since 2019
Perdagangan dan
Jasa Belum beroperasi
PT Data Opal Terpadu Jakarta 841,360 99.92
Not yet in operation
Trading and Services
Properti, Real Estate,
dan Lain-Lain
Belum beroperasi
PT Zimba Onix Mustika Property, Real Jakarta 856,236 99.92
Not yet in operation
Estate,
and Others
Belum beroperasi
PT Sistem Loka Triprima Digital Finance Jakarta 694,040 99.92
Not yet in operation
Republik
Demokrasi
Asuransi Timor Leste Beroperasi sejak 2021
Sinar Mas Life Insurance 157,661 90.00
Insurance Democratic Operating since 2021
Republic of
Timor Leste
Pegadaian Beroperasi sejak 2022
PT Pasar Gadai Digital Jakarta 3,580 99.97
Pawnshop Operating since 2022
Perdagangan Umum Belum beroperasi
PT Kreasi Retail Nusantara Jakarta 740 99.60
General Trading Not yet in operation
Proses perizinan
Penjaminan Ulang Otoritas Jasa Keuangan
PT Penjaminan Ulang Konvensional (OJK)
Jakarta 532,609 100.00
Indonesia Conventional Licensing process by
Reinsurance the Financial Services
Authority (OJK)
Beroperasi sejak
PT Sinar Mas Asuransi Asuransi Februari 2026
Jakarta 72 1.00
Syariah Insurance Operating since
February 2026
PT Asuransi Jiwa Sinarmas Asuransi Belum beroperasi
Jakarta 50 100.00**)
Syariah Insurance Not yet in operation
Beroperasi sejak 2018
PT Dana Digital Group Digital Finance Jakarta 14,311,221 1.69
Operating since 2018
Perdagangan dan
Jasa Beroperasi sejak 2021
PT Simas Sehat Sejahtera Jakarta 1,308 80.00
Operating since 2021
Trading and Services
*) Jumlah Aset (Sebelum Eliminasi) berdasarkan Catatan 1 Laporan Keuangan Konsolidasian Perseroan. / The Total Assets (Before Eliminations) based on Note 1 of the Company’s
Consolidated Financial Statements.
**) Kepemilikan saham melalui PT Asuransi Simas Jiwa dan PT Asuransi Sinar Mas. / Share ownership through PT Asuransi Simas Jiwa and PT Asuransi Sinar Mas.
80 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
Total Aset
Kepemilikan
(Sebelum Eliminasi)*)
Saham Status Operasi
Perusahaan Bidang Usaha Domisili (jutaan Rupiah)
Share Status of
Company Line of Business Domicile Total Assets
Ownership Operations
(Before Eliminations)*)
(%)
(million Rupiah)
Entitas Asosiasi / Associates
PT Peduli Sehat Gotong Portal Web Beroperasi sejak 2018
Jakarta 1,494 31.01
Royong Web Portal Operating since 2018
PT SGMW Multifinance Beroperasi sejak 2018
Multifinance Jakarta 3,653,192 19.00
Indonesia Operating since 2018
Beroperasi sejak 2015
PT Sinarmas Hana Finance Multifinance Jakarta 1,196,906 15.00
Operating since 2015
Beroperasi sejak 1994
PT Oto Multiartha Multifinance Jakarta 13,463,294 15.00
Operating since 1994
Beroperasi sejak 1990
PT Summit Oto Finance Multifinance Jakarta 16,584,896 15.00
Operating since 1990
Beroperasi sejak 2017
PT Orientee Mas Sejahtera Fintech Jakarta 5,634 15.00
Operating since 2017
PT MSIG Life Insurance
Indonesia Tbk (dahulu /
Asuransi Jiwa Beroperasi sejak 1984
formerly Jakarta 15,871,202 12.50
Life Insurance Operating since 1984
PT Asuransi Jiwa Sinarmas
MSIG Tbk)
Asuransi Umum Beroperasi sejak 1997
PT KB Insurance Indonesia Jakarta 638,176 30.00
General Insurance Operating since 1997
Asuransi Kerugian Beroperasi sejak 2011
PT Asuransi Sumit Oto Jakarta 745,681 48.00
Loss Insurance Operating since 2011
PT Sinar Mitra Sepadan Beroperasi sejak 2001
Multifinance Jakarta 3,470,124 15.00
Finance Operating since 2001
PT Hyundai Capital Finance Beroperasi sejak 1996
Multifinance Jakarta 1,158,106 15.00
Indonesia Operating since 1996
Proses perizinan OJK
PT Liugong Finance
Multifinance Jakarta 757,000 19.00 Licensing process by
Indonesia
OJK
*) Jumlah Aset (Sebelum Eliminasi) berdasarkan Catatan 1 Laporan Keuangan Konsolidasian Perseroan. / The Total Assets (Before Eliminations) based on Note 1 of the Company’s
Consolidated Financial Statements.
**) Kepemilikan saham melalui PT Asuransi Simas Jiwa dan PT Asuransi Sinar Mas. / Share ownership through PT Asuransi Simas Jiwa and PT Asuransi Sinar Mas.
PT Sinar Mas Multiartha Tbk - 81
Page 84
Profil Perusahaan
Company Profile
PT Bank Sinarmas Tbk
Alamat Kantor Pusat
Head Office Address
Sinar Mas Land Plaza
Tower I Lt. 1 & 2 / 1st & 2nd Fl.
Jl. MH Thamrin No. 51, Jakarta 10350
(021) 3199 0101 | (021) 3199 0401 | 150 0153/(021) 501 8888 | 0882 2150 0153
corporate.secretary@banksinarmas.com | care@banksinarmas.com
www.banksinarmas.com
Media Sosial
Social Media
Bank Sinarmas | @BankSinarmas | @BankSinarmas | Banksinarmasofficial
BankSinarmas | BankSinarmas
Profil Perusahaan Company Profile
PT Bank Sinarmas Tbk (Bank Sinarmas) dibentuk melalui proses PT Bank Sinarmas Tbk (Bank Sinarmas) is established by
akuisisi PT Bank Shinta Indonesia, bank swasta nasional yang acquiring PT Bank Shinta Indonesia, a local commercial bank
didirikan 18 Agustus 1989. Proses tersebut dilakukan tahun 2005, that was established on 18 August 1989. The process was
kemudian menetapkan PT Sinar Mas Multiartha Tbk (tergabung carried out in 2005, resulting in PT Sinar Mas Multiartha Tbk
dalam Grup Sinar Mas) menjadi Pemegang Saham Utama (part of Sinar Mas Group) being designated as the Main and
dan Pengendali. Controlling Shareholder.
Setelah PT Sinar Mas Multiartha Tbk menjadi Pemegang Saham Following the establishment of PT Sinar Mas Multiartha Tbk
Utama dan Pengendali, Bank Shinta melakukan perubahan as Main and Controlling Shareholder, Bank Shinta changed its
nama menjadi PT Bank Sinarmas, efektif sejak Desember name to PT Bank Sinarmas, effective since December 2006.
2006. Pergantian nama tersebut berdampak pada peningkatan The change of name has improved the Bank’s performance
performa Bank karena diiringi dengan penambahan fasilitas which is reflected by a gradual increase in the customer service
pelayanan nasabah secara bertahap. facility.
Dampak positif lainnya terjadi tahun 2009 ketika Bank Other positive impact occurred on 2009 when the Bank obtained
memperoleh izin untuk mendirikan Unit Usaha Syariah dari Bank the license to establish Sharia Business Unit and to do business
Indonesia dan dapat melakukan kegiatan usaha Wali Amanat, activities as Trustee following the approval from Capital Market
setelah memperoleh pengesahan dari Bapepam (sekarang Supervisory Agency (presently Financial Services Authorities).
Otoritas Jasa Keuangan). Selain itu, pada 13 Desember 2010, In addition, on 13 December 2010, with the support of
dengan dukungan dari PT Sinar Mas Multiartha Tbk, Bank PT Sinar Mas Multiartha Tbk, Bank Sinarmas increased its
Sinarmas meningkatkan permodalan dalam rangka mendukung capital to support its business activities by launching an Initial
kegiatan usaha dengan melakukan Penawaran Saham Umum Public Offering at Indonesia Stock Exchange.
Perdana (Initial Public Offering/IPO) di Bursa Efek Indonesia.
Bank Sinarmas senantiasa menjalankan kegiatan usaha sesuai Bank Sinarmas consistently carry out its business activities in
Anggaran Dasar dan ketentuan perundang-undangan yang line with the Articles of Associations and the prevailing laws and
berlaku serta berkomitmen untuk memberikan pelayanan yang regulations, and is committed to provide the best services to
terbaik bagi nasabah. Hingga akhir tahun 2025, kegiatan usaha its customers. Until the end of 2025, Bank Sinarmas’ business
82 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
Bank Sinarmas didukung oleh 5.935 karyawan yang tersebar activities are backed up by 5,935 employees spread across
di 69 kantor cabang, 175 Kantor Cabang Pembantu, 32 Kantor 69 Branch Offices, 175 Sub-Branch Offices, 32 Operational
Fungsional Operasional, dan 3 Kantor Fungsional UMK. Functional Offices, and 3 SME functional offices.
Produk dan Layanan
Products and Services
Personal Banking
Simpanan Reksadana
Deposits Mutual Funds
• Deposito / Time Deposit • Danamas Rupiah Plus
• Deposito On Call / On-Call Deposits • Danamas Dollar
• Tabungan Simas Diamond / Simas Diamond Savings • Danamas Pasti
• Tabungan Simas Bisnis / Simas Bisnis Savings • Danamas Stabil
• Tabungan Simas Gold / Simas Gold Savings • Simas Satu Prima
• Tabungan Simas Payroll / Simas Payroll Savings • Simas Syariah Berkembang
• Tabungan Co-Branding / Co-Branding Savings • Simas Satu
• Simas Tabungan Rencana / Simas Rencana Savings • Simas Saham Unggulan
• Tabunganku • Simas Danamas Saham
• Tabungan Simpanan Pelajar (SIMPEL) / Simpanan Pelajar (SIMPEL) • Simas Saham Maksima
Savings • Reksa Dana Star Stable Income Fund / Star Stable Income Fund
• Simac Basic Saving Account (BSA) Mutual Fund
• Simas Valas • Reksa Dana Simas Pendapatan Optima / Simas Pendapatan Optima
• Tabungan Simas Pemodal / Simas Pemodal Savings Mutual Fund
• Tabungan Simas Investor / Simas Investor Savings • Reksa Dana Indeks Simas Sri Kehati / Simas Sri Kehati Index
• Tabungan Simas Digi / Simas Digi Savings Mutual Fund
• Tabungan Rekening Dana Nasabah / Customer Fund Account Savings • Reksa Dana Indeks STAR Infobank 15 Kelas Utama / STAR Infobank 15
• Giro Sinarmas Index Mutual Fund (Primary Class)
• Reksa Dana Star Stable Income Fund Kelas Utama / Star Stable Income
Fund (Primary Class)
PT Sinar Mas Multiartha Tbk - 83
Page 86
Profil Perusahaan
Company Profile
Personal Banking
Bancassurance Layanan Investasi Reksadana
• Simas KID Mutual Funds Investment Service
• Smile Hospital Plus Simas Investment Plan
• Simas Income Protection
• Sinarmas Maxi Life Penjaminan
• Sinarmas Optima Plus Guarantee
• Sinarmas Pension Plan • Bank Garansi / Bank Guarantee
• Smile Flexi Link • Kontra Bank Garansi / Contra Bank Guarantee
• Smile Income Protection
• Smile EduKid Kartu Kredit
• Siji Fixed Link Credit Card
• Star Investama Premium
• AsuransiKu • Kartu Kredit Korporat / Corporate Credit Card
• Dana Kompensasi Pascakerja (DPK) DPLK Simas Jiwa / DPLK Simas • Kartu Kredit Personal / Personal Credit Card
Jiwa Post-Employment Compensation Fund (DPK)
• Program Pensiun Iuran Pasti (PPIP) DPLK Simas Jiwa / DPLK Simas
Jiwa Defined Contribution Pension Plan Program (PPIP)
Business Banking
Pinjaman Ekspor Impor
Loan Export Import
• Simas KUK • Penagihan Dokumen Impor Nasabah berbasis Documentary Collection /
• Simas KUK KUR Customer Inward Documents Collection based on Documentary
• Simas Agri Collection
• Simas KTA Sawit/SMU Petani Sawit / Simas KTA Palm Oil/SMU Palm • Penagihan Dokumen Ekspor Nasabah berbasis Documentary Collection /
Oil Farmers Customer Outward Documents Collection based on Documentary
• Dana Usaha / Business Capital Collection
• Back to Back • Penagihan Dokumen Ekspor Nasabah berbasis Letter of Credit (L/C)
• Perluasan Agunan / Collateral Expansion dan SKBDN / Customer Outward Documents Collection based on
• Supply Chain Financing (SCF) Letter of Credit (L/C) and SKBDN
• Simas Dana Tunai (SDT) / Simas Cash Fund (SDT) • Penerbitan L/C Surat Kredit Berdokumen Dalam Negeri / Issuance of
• SME Umum / General SME Domestic Documentary Letter of Credit L/C
• Negosiasi Sight LC/SKBDN / Negotiation of Sight LC/SKBDN
• Diskonto Usance L/C SKBDN / Discount Usance L/C SKBDN
Treasury
• Telegraphic Transfer (TT)
• Bank Notes (BN)
• FX Hedging (Spot/Forward/Swap)
• Deposito on Call (DOC) / On-Call Deposits
• ODA for G7
Layanan Bank Sinarmas
Services of Bank Sinarmas
Layanan Digital Lain-Lain
Digital Services Others
• Internet Banking • Safe Deposit Box
• SimobiPlus Mobile Banking • Travelers Cheque
• Debit Card • Simas Holiday
• Credit Card • Payroll
• Automatic Teller Machine (ATM) • Bill Payment
• Phone Banking • Giro Biller
• 24 Hours Customer Care
• Cardless Withdrawal
• Chat Box
Pengurus Management
Dewan Komisaris Board of Commissioners
Komisaris Utama : Tjendrawati Widjaja President Commissioner : Tjendrawati Widjaja
Komisaris Independen : Sammy Kristamuljana Independent Commissioner : Sammy Kristamuljana
Komisaris Independen : Rusmin Independent Commissioner : Rusmin
84 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
Direksi Board of Directors
Direktur Utama : Frenky Tirtowijoyo President Director : Frenky Tirtowijoyo
Direktur : Miko Andidjaja Director : Miko Andidjaja
Direktur : Ekajaya Ongny Putra Director : Ekajaya Ongny Putra
Direktur : Enny Kamal Director : Enny Kamal
Direktur : Amandalia Johanes Director : Amandalia Johanes
Kinerja Keuangan
Financial Performance
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Uraian 2025 2024 2023 Description
Posisi Keuangan / Financial Positions
Aset 58,244,487 55,624,433 52,634,996 Assets
Liabilitas 48,961,892 47,024,811 44,808,228 Liabilities
Ekuitas 9,282,595 8,599,622 7,826,768 Equity
Laba Rugi dan Penghasilan Komprehensif Lain / Profit Loss and Other Comprehensive Income
Pendapatan Operasional 3,706,652 3,575,156 3,549,384 Operational Income
Beban Operasional 3,186,923 3,136,340 3,475,806 Operational Expenses
Laba Sebelum Pajak 519,729 438,816 73,578 Profit Before Tax
Laba Bersih 322,430 370,137 75,796 Net Profit
Laba Bersih per Saham Dasar Net Earnings per Share
14.49 14.75 3.84
(dalam Rupiah penuh) (in full Rupiah amount)
Rasio Keuangan (%) / Financial Ratios (%)
Permodalan / Capital
Kewajiban Penyediaan Modal Minimum 33.98 30.46 25.34 Mandatory Minimum Capital Reserve
Aset Produktif / Productive Assets
Aset Produktif Bermasalah 1.29 1.41 1.66 Non-Performing Productive Assets
Kredit Bermasalah - Gross 1.47 1.49 1.53 Non-Performing Loan - Gross
Kredit Bermasalah - Net 0.30 0.30 0.35 Non-Performing Loan - Net
Profitabilitas / Profitability
Tingkat Pengembalian Aset 0.99 0.82 0.15 Return on Assets
Tingkat Pengembalian Ekuitas 4.11 5.01 1.07 Return on Equity
Biaya Operasional terhadap Pendapatan
90.22 90.83 103.36 Operating Expenses to Operating Income
Operasional
Likuiditas / Liquidity
Kredit terhadap Dana Masyarakat 26.12 32.68 40.94 Loan to Deposit
Kepatuhan / Compliance
Pelanggaran BMPK Nihil / None Nihil / None Nihil / None Legal Lending Limit Violation
Pelampauan BMPK Nihil / None Nihil / None Nihil / None Exceeding Legal Lending Limit
Giro Wajib Minimum (GWM) - Rupiah 13.91 12.93 15.22 Minimum Statutory Reserve (GWM) - Rupiah
Minimum Statutory Reserve (GWM) -
Giro Wajib Minimum (GWM) - Valas 4.37 3.95 4.09
Foreign Currency
Posisi Devisa Neto 0.95 1.13 6.57 Net Open Position
PT Sinar Mas Multiartha Tbk - 85
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Profil Perusahaan
Company Profile
Peristiwa Penting
Significant Events
13 Januari 2025 / 13 January 2025
Peresmian Pembukaan Kantor Cabang Bank Sinarmas Prioritas pertama di Agora
Mall, Jakarta.
Launching of the first Bank Sinarmas Prioritas Branch Office at Agora Mall,
Jakarta.
15 Januari 2025 / 15 January 2025
Peresmian Pembukaan Kantor Cabang Bank Sinarmas Prioritas di Sinarmas Land
Plaza Tower 1.
Launching of Bank Sinarmas Prioritas Branch Office at Sinarmas Land Plaza
Tower 1.
14 Februari 2025 / 14 February 2025
Launching Layanan Setor dan Tarik Tunai Bank Sinarmas.
Launching of Bank Sinarmas Cash Deposit and Withdrawal Services.
19 Februari 2025 / 19 February 2025
Peletakan Batu Pertama Pembangunan Rumah Produksi.
Groundbreaking Ceremony for the Construction of Production House.
86 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
29 April 2025 / 29 April 2025
Peresmian Rumah Produksi Kelompok Wanita Tani (KWT) Sejahtera serta kegiatan
Gerakan Nasional Cerdas Keuangan (Gencarkan) Otoritas Jasa Keuangan dalam
rangka mengakselerasi pemerataan literasi keuangan secara masif dan kolaboratif
bersama Kelompok Wanita Tani Sejahtera.
Launching of Production House of Women Farmers Group (KWT) Sejahtera, and
National Financial Literacy Movement (Gencarkan) event by Financial Services
Authority to accelerate equal distribution of financial literacy in massive and
collaborative manner with Sejahtera Women Farmers Group.
19 Juni 2025 / 19 June 2025
Rapat Umum Pemegang Saham (RUPS) Tahunan Bank Sinarmas.
Annual General Meeting of Shareholders (GMS) of Bank Sinarmas.
16 Juli 2025 / 16 July 2025
Launching Produk Bancassurance Simas Scholarship Protection.
Launching of Bancassurance Product Simas Scholarship Protection.
15 September 2025 / 15 September 2025
Memorandum of Understanding (MoU) dengan Xavier Marks.
Memorandum of Understanding (MoU) with Xavier Marks.
PT Sinar Mas Multiartha Tbk - 87
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Profil Perusahaan
Company Profile
15 Oktober 2025 / 15 October 2025
Penandatanganan Addendum II Perjanjian Kerja Sama (PKS) Penjaminan Kredit
Usaha Rakyat (KUR) antara PT Bank Sinarmas Tbk dan PT Jamkrindo, serta
pelaksanaan workshop Penjaminan KUR.
Signing of Addendum II to Cooperation Agreement (PKS) for People’s Business
Credit (KUR) between PT Bank Sinarmas Tbk and PT Jamkrindo, coupled with
implementation of KUR Guarantee workshop.
18 November 2025 / 18 November 2025
Signing Ceremony dengan STAR Asset Management - Strengthening Strategic
Partnership through Loan Mutual Fund Collaboration.
Signing Ceremony with STAR Asset Management - Strengthening Strategic
Partnership through Loan Mutual Fund Collaboration.
1 Desember 2025 / 1 December 2025
Paparan Publik Bank Sinarmas.
Public Expose of Bank Sinarmas.
88 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
Penghargaan dan Sertifikasi
Awards and Certifications
Indonesia 20 Top Digital Financial Brands Awards 2025
Mobile Banking Category KBMI 2
Penyelenggara / Organizer:
The Iconomics
PT BANK SINARMAS TBK
As the Winner of
6th Anniversary
Indonesia 20 Top Digital Financial Brands Awards 2025
Tanggal Perolehan / Receipt Date:
in KBMI 2 Category
Title : Mobile Banking
Auditorium RRI, February 14th, 2025
14 Februari 2025 / 14 February 2025
Indonesia 20 Popular Digital Products Award 2025
SimobiPlus Category KBMI 2
Penyelenggara / Organizer:
The Iconomics
PT BANK SINARMAS TBK
As the Winner of
6th Anniversary
Indonesia 20 Popular Digital Products Award 2025
Tanggal Perolehan / Receipt Date:
Brand : SimobiPlus
Auditorium RRI, February 14th, 2025
14 Februari 2025 / 14 February 2025
The Best Indonesia GCG Award IX 2025
Gold Award (B) Excellent (4 Star ****) Category Public Company Sector GOLD
Bank-Asset>47 T
AWARD
9t IGCG
h
A
20
25
Award-IX-2025
Awarded to :
Penyelenggara / Organizer: The Best Indonesia GCG Award - IX - 2025
Economic Review
Gold Award (B) Excellent (4 Star )
Category : Public Company - Sector Bank - Asset > 47 T
Jakarta, Friday 14th February 2025
9t IGCG
h
A
20
25
Award-IX-2025
Hj. Irlisa Rachmadiana, MM Dr. Dewi Hanggraeni,MBA,CA,CACP
Founder & CEO Economic Review Chairwoman Board of Jury
Tanggal Perolehan / Receipt Date:
GLOBAL
L E A D Eforum
R IR GROUP
P
OU
R
GR
I
14 Februari 2025 / 14 February 2025
Outstanding Emerging Acquierer Category Bank Acquirer
Penyelenggara / Organizer:
Mastercard
Tanggal Perolehan / Receipt Date:
29 April 2025 / 29 April 2025
PT Sinar Mas Multiartha Tbk - 89
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Profil Perusahaan
Company Profile
6th Indonesia Top Bank Awards 2025 Category KBMI 2
Penyelenggara / Organizer:
The Iconomics
PT BANK SINARMAS TBK
As the Winner of
6th Indonesia Top Bank Awards 2025
in KBMI 2 Category
Tanggal Perolehan / Receipt Date: Kementerian Koperasi, May 27th, 2025
27 Mei 2025 / 27 May 2025
TOP CSR Awards 2025 #Star 3
Penyelenggara / Organizer:
TOP Business
Tanggal Perolehan / Receipt Date:
11 Juni 2025 / 11 June 2025
TOP CSR Awards 2025 - TOP Leader on CSR Commintment 2025
Penyelenggara / Organizer:
TOP Business
Tanggal Perolehan / Receipt Date:
11 Juni 2025 / 11 June 2025
The 2nd Best Conventional Bank in Excellence Live Chat Service
Penyelenggara / Organizer:
Infobank
Tanggal Perolehan / Receipt Date:
24 Juni 2025 / 24 June 2025
The Best Conventional Bank in Excellence in Branch ATM
Penyelenggara / Organizer:
Infobank
Tanggal Perolehan / Receipt Date:
24 Juni 2025 / 24 June 2025
90 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
Indonesia Best Bank Awards 2025
Accelerating Digital Innovation and Expanding Nationwide Transaction
Accesibility Category KBMI 2 Swasta
Warta Ekonomi proudly honors:
PT Bank Sinarmas Tbk
Penyelenggara / Organizer: Indonesia Best Bank 2025 for Accelerating Digital Innovation and Expanding
as
Warta Ekonomi
Nationwide Transaction Accessibility
Category
KBMI 2, Swasta
Tanggal Perolehan / Receipt Date:
Wednesday, June 25th 2025
The Sultan Hotel & Residence Jakarta
Muhamad Ihsan
CEO & Chief Editor
25 Juni 2025 / 25 June 2025
Most Advanced Cloud Adaptation in Financial Services
Most Advanced Cloud
Penyelenggara / Organizer:
Adoption in Financial Services
PT. Bank Sinarmas Tbk.
XLSMART
Tanggal Perolehan / Receipt Date: Solusi Untuk Korporasi
24 Juli 2025 / 24 July 2025
Solusi Untuk Negeri
ATM Bersama Awards 2025
Category the Most Card Based Transaction Growth
Penyelenggara / Organizer:
PT Artajasa Pembayaran Elektronis
Tanggal Perolehan / Receipt Date:
19 September 2025 / 19 September 2025
Banking Automation
Category Indonesia Technology Excellence Awards 2025
Penyelenggara / Organizer:
Asian Business Review
Tanggal Perolehan / Receipt Date:
9 Oktober 2025 / 9 Ocktober 2025
The Best Indonesia Annual Report Award 2025
Gold Award Excellent 4 Stars **** GOLD
AWARD
AWA R D - I V- 2 0 2 5
Awarded to :
Penyelenggara / Organizer: THE BEST INDONESIA
ANNUAL REPORT AWARD 2025
Economic Review Excellent - 4 Star
Category : Public Company – Bank – Asset > Rp 50 T
Jakarta, 14 November 2025
- Score : 89.00
Tanggal Perolehan / Receipt Date:
Hj. Irlisa Rachmadiana, SSn., MM. Gunawan Witjaksono, MSEE, PhD, SMIEEE, IPU, ASEAN Eng
Founder & CEO Economic Review AWA R D - I V- 2 0 2 5 Chairman Board of Jury & Rector Cyber University
14 November 2025 / 14 November 2025
PT Sinar Mas Multiartha Tbk - 91
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Profil Perusahaan
Company Profile
IT Maestro of the Year
Penyelenggara / Organizer:
Tradepass Global
Tanggal Perolehan / Receipt Date:
26 November 2025 / 26 November 2025
Best Digital Finance 2025 for
Strengthening Digital Banking Services through Features Development
Warta Ekonomi proudly honors:
PT Bank Sinarmas Tbk
Penyelenggara / Organizer: as
Warta Ekonomi
Best Digital Finance 2025 for Strengthening Digital Banking Services
through Features Development
Category
Conventional Bank
Tanggal Perolehan / Receipt Date:
Thursday, November 27th 2025
The President Lounge, Menara Batavia, Jakarta
Muhamad Ihsan
27 November 2025 / 27 November 2025
CEO & Chief Editor
Best Corporate in Responsible Business Practices for Implementing
Selective Credit Distribution
Warta Ekonomi proudly honors:
PT Bank Sinarmas Tbk
Penyelenggara / Organizer: Best Corporate in Responsible Business Practices for Implementing
as
Warta Ekonomi
Selective Credit Distribution
Category
Conventional Bank
Tanggal Perolehan / Receipt Date:
Thursday, November 27th 2025
The President Lounge, Menara Batavia, Jakarta
Muhamad Ihsan
CEO & Chief Editor
27 November 2025 / 27 November 2025
92 - PT Sinar Mas Multiartha Tbk
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PT Sinar Mas Multiartha Tbk - 93
Page 96
Profil Perusahaan
Company Profile
PT Bank Nano Syariah
Alamat Kantor Pusat
Head Office Address
Jl. Teuku Cik Ditiro No. 29
Menteng, Jakarta Pusat / Central Jakarta 10310
(021) 392 3329 | 150 0153 (Aira Care) | 0882 6150 0153
corporate.secretary@nanobanksyariah.id | airacare@nanobanksyariah.id
www.nanobanksyariah.id
Media Sosial
Social Media
Nanobank Syariah | @nanobankid | @nanobanksyariah
Nanobank Syariah | @nanobank_syariah
Profil Perusahaan Company Profile
PT Bank Nano Syariah (Nanobank Syariah) merupakan Bank PT Bank Nano Syariah (Nanobank Syariah) is a Sharia
Umum Syariah yang didirikan dari hasil pemisahan (spin off) Commercial Bank which was established as a result of spin-off
Unit Usaha Syariah PT Bank Sinarmas Tbk dan resmi beroperasi from Sharia Business Unit of PT Bank Sinarmas Tbk and officially
pada tanggal 1 Januari 2024. Nanobank Syariah berkomitmen started its operation on 1 January 2024. Nanobank Syariah is
untuk membangun fondasi berdasarkan prinsip perbankan committed to build their foundation on sharia banking principles
syariah yang berfokus pada solusi keuangan syariah yang that focus on innovative and modern sharia financial solutions
inovatif dan modern guna memberdayakan nasabah individu to empower both the individual customers and communities,
dan komunitas, membantu mereka mencapai impian finansial, to assist them in achieving their financial dreams, while sharing
sembari berbagi kebaikan menjadi langkah awal Nanobank kindness will be the first step for Nanobank Syariah to serve
Syariah melayani masyarakat. the communities.
Didasari dengan perubahan signifikan, di mana proses transaksi Based on significant changes, where banking transaction
perbankan berubah dari konvensional menjadi digital, dan process has morphed from conventional to digital, and many
transaksi sudah banyak dilakukan melalui mobile banking, transactions have been done via mobile banking, Nanobank
Nanobank Syariah menjadi inisiator dalam menghadirkan Syariah becomes the initiator in presenting a new form of
konsep kantor cabang dalam bentuk baru, yaitu Community branch office concept, namely Community Hub. This is not just
Hub. Tak hanya menjadi tempat melakukan aktivitas perbankan a place to do banking activities, but also serves as a place for
saja, namun juga menjadi tempat bagi komunitas untuk communities to gather, expand networks, training which surely
berkumpul, memperluas jejaring, pelatihan yang tentunya aims to achieve financial success and to have better life. With
bertujuan untuk meraih kesuksesan finansial dan memiliki high-tech, high-touch concept, Nanobank Syariah combines
kehidupan yang lebih baik. Dengan konsep high tech high technological advancement and service personalization, to
touch, Nanobank Syariah mengombinasikan kecanggihan return digital banking to personal, aiming to provide the best
teknologi dan personalisasi layanan, guna mengembalikan service according to the preferences of each customer, whether
digital banking menjadi personal, dengan tujuan memberikan individual, community or corporate.
layanan terbaik sesuai preferensi masing-masing nasabah, baik
individu, komunitas, maupun korporasi.
94 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
Saat ini, Nanobank Syariah memiliki 715 karyawan yang tersebar Currently, Nanobank Syariah has 715 employees spread across
di 31 Kantor Cabang (KC), 10 Kantor Cabang Pembantu (KCP), 31 Branch Offices (KC), 10 Sub-Branch Offices (KCP), 22 Cash
22 Unit Pelayanan Kas (UPK), 3 Mobil Kas Keliling (MKK), serta Service Units (UPK), 3 Mobile Cash Units (MKK), and 6 Branch
6 Unit Organisasi Kantor Cabang (UOKC). Office Organizational Units (UOKC).
Produk
Products
Pendanaan Investasi Pembiayaan
Funding Investment Financing
• Tabungan Aira Rencana iB • Deposito Aira iB • Pembiayaan Modal Kerja iB
• Tabungan Aira Bisnis iB • Simas Investasi Link (SIL) (Mudharabah, Musyarakah, dan Murabahah)
• Tabungan Aira Diamond iB • Simas Kid Insurance Syariah iB Working Capital Financing
• Tabungan Aira Haji iB • Simas Fixed Link Syariah (SFL) (Mudharabah, Musyarakah, and Murabahah)
• Tabungan Aira Hebat iB • Simas Jiwa Legacy Syariah (Legacy) • Pembiayaan Investasi iB (Murabahah dan
• Rekening Tabungan Jemaah Haji Ijarah Muntahiya Bittamlik - IMBT)
(RTJH Aira iB) iB Investment Financing (Murabahah and
• Tabungan Simpanan Pelajar iB Ijarah Muntahiya Bittamlik - IMBT)
• Tabungan Aira Flexi iB • Pembiayaan KUR iB
• Tabungan Aira Payroll iB iB KUR Financing
• TabunganKu iB • Pembiayaan AIRA UMKM Mikro 500iB
• Tabungan Aira Pintar iB AIRA MSME Micro 500iB Financing
• Tabungan Aira Multifinance iB • Pembiayaan AIRA UKM
• Tabungan Aira Umrah iB AIRA SME Financing
• Tabungan Aira Agency iB
• Tabungan Aira Klop iB
• Tabungan Aira Valas iB
• Giro Aira iB
• Giro Aira Valas iB
• Giro DHE SDA
PT Sinar Mas Multiartha Tbk - 95
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Profil Perusahaan
Company Profile
Layanan Digital Lain-Lain
Treasury
Digital Services Others
• Telegrapich Transfer • Aira Mobile Banking • Safe Deposit Box
• Bank Notes • Aira e-Money • Payroll
• Deposito on Call • Aira e-Bizbanking
• Billpayment
• Aira Wakaf
• Aira QRIS
• Virtual Account
• Direct Debit
• Direct Kredit
• Chatbot via WhatsApp
Pengurus Management
Dewan Komisaris Board of Commissioners
Komisaris Utama : The Tjun Hau President Commissioner : The Tjun Hau
Komisaris Independen : Nana Supriana Independent Commissioner : Nana Supriana
Komisaris Independen : Horas Parsaulian Perdede Independent Commissioner : Horas Parsaulian Perdede
Direksi Board of Directors
Direktur Utama : Halim President Director : Halim
Direktur : Hanafi Himawan Director : Hanafi Himawan
Direktur : Soejanto Soetjijo Director : Soejanto Soetjijo
Direktur : Uzan Tedjamulia Director : Uzan Tedjamulia
Direktur : Suyono Wijaya Director : Suyono Wijaya
Dewan Pengawas Syariah Sharia Supervisory Board
Ketua : Ahmadi Sukarno Lc., MAg Chairman : Ahmadi Sukarno Lc., MAg
Anggota : Mochammad Bukhori Muslim Member : Mochammad Bukhori Muslim
Kinerja Keuangan
Financial Performance
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Uraian 2025 2024 2023*) Description
Posisi Keuangan / Financial Positions
Aset 9,793,611 9,692,526 - Assets
Liabilitas 8,405,938 8,385,721 - Liabilities
Ekuitas 1,387,673 1,306,805 - Equity
Laba Rugi dan Penghasilan Komprehensif Lain / Profit Loss and Other Comprehensive Income
Hak Bagi Hasil Milik Bank 268,227 415,137 - Bank's Share in Profit
Pendapatan Usaha Lainnya 103,988 106,219 - Other Operating Income
Beban Usaha 168,508 339,767 - Operational Expenses
Laba Sebelum Pajak 205,206 179,161 - Profit Before Tax
Laba Bersih 74,862 161,820 - Net Profit
Total Laba Komprehensif Tahun Berjalan 80,868 163,910 - Total Comprehensive Profit for the Year
*)
Kinerja keuangan Nanobank Syariah untuk tahun 2023 masih tergabung dengan Unit Usaha Syariah PT Bank Sinarmas Tbk. / Financial Performance of Nanobank Syariah for
2023 is still under the Sharia Business Unit of PT Bank Sinarmas Tbk.
96 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
Peristiwa Penting
Significant Events
Februari 2025 / February 2025
Dalam rangka memperingati Milad pertama, Nanobank Syariah menyalurkan
beasiswa kepada lebih dari 2.000 santri berprestasi serta memberikan bantuan
pengembangan sarana dan prasarana bagi lebih dari 50 pondok pesantren.
In celebrating its first anniversary (Milad), Nanobank Syariah distributed
scholarships to more than 2,000 outstanding students, as well as providing
facilities and infrastructure development assistance to more than 50 Islamic
boarding schools.
Februari 2025 / February 2025
Penandatanganan kerja sama antara Nanobank Syariah dengan PT Mumtaz
Teknologi Indonesia tentang Penyediaan Layanan Keuangan Syariah.
Cooperation signing between Nanobank Syariah and PT Mumtaz Teknologi
Indonesia for the Provision of Sharia Financial Services.
Maret 2025 / March 2025
Penandatanganan kerja sama antara Nanobank Syariah dengan Yayasan
Jaringan Sekolah Islam Terpadu untuk mendorong digitalisasi keuangan dan
literasi keuangan Syariah di lingkungan sekolah Islam.
Cooperation signing between Nanobank Syariah and Jaringan Sekolah Islam
Terpadu Foundation to promote financial digitalization and Sharia financial
literacy within Islamic schools.
Maret 2025 / March 2025
Penandatanganan Memorandum of Understanding (MoU) antara Nanobank
Syariah dengan Komite Nasional Ekonomi Keuangan Syariah (KNEKS) sebagai
komitmen bersama untuk pengembangan ekonomi Syariah.
Memorandum of Understanding (MoU) signing between Nanobank Syariah
and National Committee for Islamic Economy and Finance (KNEKS) as a joint
commitment of Sharia economy development.
PT Sinar Mas Multiartha Tbk - 97
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Profil Perusahaan
Company Profile
Maret 2025 / March 2025
Penandatanganan kerja sama antara Nanobank Syariah dengan Yayasan Berkah
Anak Negeri (Wakaf Warrior) tentang Perjanjian Induk Produk Cash Waqf Linked
Deposit (CWLD).
Cooperation signing between Nanobank Syariah and Berkah Anak Negeri
Foundation (Waqf Warrior) on Master Agreement for Cash Waqf Linked Deposit
(CWLD) product.
Maret 2025 / March 2025
Penandatanganan kerja sama antara Nanobank Syariah dengan Bank Aladin
Syariah dan Badan Pengelola Keuangan Syariah untuk mempermudah pendaftaran
haji dan menjangkau lebih banyak calon jemaah dengan menghadirkan solusi
perbankan syariah yang inovatif.
Cooperation signing between Nanobank Syariah, Bank Aladin Syariah, and Sharia
Financial Management Agency to facilitate hajj registration and to reach more
prospective pilgrims by offering innovative sharia banking solutions.
April 2025 / April 2025
Penandatanganan kerja sama antara Nanobank Syariah dengan Quamus Global
Academy untuk mendorong layanan digitalisasi di sekolah maupun pesantren.
Cooperation signing between Nanobank Syariah and Quamus Global Academy
to promote digitalization services in schools and Islamic boarding schools.
April 2025 / April 2025
Penandatanganan Nota Kesepahaman antara Nanobank Syariah dengan
Pendayagunaan Wakaf Pimpinan Pusat Muhammadiyah tentang Perjanjian
Induk Produk CWLD.
Memorandum of Understanding signing between Nanobank Syariah and Waqf
Empowerment of Central Leadership of Muhammadiyah on Master Agreement
for CWLD product.
98 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
April 2025 / April 2025
Penandatanganan Nota Kesepahaman antara Nanobank Syariah dengan
Berau Coal dalam Pengelolaan Tabungan Hari Tua.
Memorandum of Understanding signing between Nanobank Syariah and
Berau Coal for Old Age Savings Management.
April 2025 / April 2025
Penyerahan Wakaf Al Quran kepada Kementerian Agama dan Pengurus Cabang
Nahdatul Ulama Kabupaten Berau.
Handover of Al-Quran Waqf to Ministry of Religious Affairs and Branch Board of
Nahdatul Ulama Berau Regency.
Mei 2025 / May 2025
Nanobank Syariah bersama Kamar Enterpreneur Indonesia (KEIND) menggelar
Talkshow bertema “Membangun Kemitraan Perdagangan Strategis". Acara ini juga
menjadi momentum penandatanganan kerja sama resmi antara kedua pihak yang
bertujuan meningkatkan literasi dan inklusi keuangan Syariah, serta membuka
akses pembiayaan bagi para pelaku usaha, khususnya anggota KEIND Indonesia.
Nanobank Syariah, in collaboration with Indonesian Chamber of Entrepreneurs
(KEIND), held a Talkshow themed “Building Strategic Trade Partnerships". The event
also marked official signing of a cooperation agreement between two parties,
aimed to enhance Sharia financial literacy and inclusion, as well as expanding
financing access for business actors, particularly KEIND Indonesia members.
Juni 2025 / June 2025
Penyelenggaraan Rapat Umum Pemegang Saham (RUPS) Tahunan dan RUPS
Luar Biasa PT Bank Nano Syariah.
Implementation of Annual General Meeting of Shareholders (GMS) and
Extraordinary GMS of PT Bank Nano Syariah.
PT Sinar Mas Multiartha Tbk - 99
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Profil Perusahaan
Company Profile
Juli 2025 / July 2025
Kunjungan Ketua Pimpinan Pusat Muhammadiyah Dr. H. Anwar Abbas ke Kantor
Pusat Nanobank Syariah dalam rangka silaturahmi dan mempererat hubungan
antara Nanobank Syariah dengan Muhammadiyah.
Visit from Central Leadership of Muhammadiyah Chairman, Dr. H. Anwar Abbas,
to Nanobank Syariah Head Office to nurture and strengthen the relationships
between Nanobank Syariah and Muhammadiyah.
September 2025 / September 2025
Kerja sama strategis Nanobank Syariah dan Maybank Indonesia dalam
peluncuran Transaksi Sharia Restricted Investment Account (SRIA) pertama
di Indonesia.
Strategic collaboration between Nanobank Syariah and Maybank Indonesia in
the launching of first Sharia Restricted Investment Account (SRIA) transaction
in Indonesia.
Oktober 2025 / October 2025
Nanobank Syariah dinobatkan sebagai Bank Pendukung Ekonomi Syariah
Terbaik di ISEF 2025 yang digelar oleh Bank Indonesia bersama kementerian
dan lembaga terkait. Nanobank Syariah dianugerahi penghargaan sebagai
Bank Umum Syariah Pendukung Pembiayaan Ekonomi Syariah Terbaik Kategori
Aset di Bawah Rp50 Triliun.
Nanobank Syariah was named the Best Supporting Bank for Sharia Economy
at ISEF 2025 organized by Bank Indonesia and related ministries/institutions.
Nanobank Syariah received an award for Best Sharia Commercial Bank
Supporting the Sharia Economic Financing in Asset Category below Rp50 Trillion.
Oktober 2025 / October 2025
Nanobank Syariah Luncurkan SRIA, Investasi Syariah Ritel Pertama di Indonesia.
Nanobank Syariah Launched SRIA, first Sharia Retail Investment in Indonesia.
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Laporan Tahunan 2025
2025 Annual Report
Oktober 2025 / October 2025
Nanobank Syariah Luncurkan Layanan Pembukaan Rekening Tabungan Jemaah
Haji (RTJH) secara online di Aira Mobile. Langkah ini menandai komitmen
Nanobank Syariah dalam mendukung percepatan digitalisasi layanan publik dan
memfasilitasi kemudahan akses bagi calon jamaah haji di seluruh Indonesia.
Nanobank Syariah Launched online Hajj Pilgrim Savings Account (RTJH) Service
via Aira Mobile. This marked the commitment of Nanobank Syariah in accelerating
the digitalization of public services and facilitating ease of access for prospective
Hajj pilgrims across Indonesia.
November 2025 / November 2025
Penandatanganan kerja sama Layanan Virtual Account (VA) Nanobank Syariah
dengan beberapa Lembaga Perkreditan Desa (LPD) di antaranya LPD Desa Adat
Kedonganan, LPD Desa Adat Tandeg, LPD Desa Adat Kelan, LPD Desa Adat Kuta,
LPD Desa Adat Dalung, dan LPD Desa Adat Kerobokan. Melalui kerja sama ini,
Bank menghadirkan Layanan VA yang dirancang untuk memudahkan identifikasi
dan pencatatan transaksi nasabah LPD secara cepat, aman, dan efisien.
Cooperation signing of a Virtual Account (VA) Service between Nanobank
Syariah and several Village Credit Institutions (LPD), namely LPD Kedonganan
Traditional Village, LPD Tandeg Traditional Village, LPD Kelan Traditional
Village, LPD Kuta Traditional Village, LPD Dalung Traditional Village, and LPD
Kerobokan Traditional Village. With this cooperation, the Bank provides VA
services designed to facilitate fast, secure, and efficient identification and
recording of LPD customer transactions.
Desember 2025 / December 2025
Nanobank Syariah meresmikan relokasi Kantor Cabang Palembang ke lokasi
baru, yaitu di Jl. Veteran Palembang, dengan menghadirkan Community Hub,
mengikuti model kantor Nanobank Syariah di Jakarta.
Nanobank Syariah inaugurated the relocation of its Palembang Branch Office to
a new location on Jl. Veteran, Palembang, featuring a Community Hub following
similar model to Nanobank Syariah office in Jakarta.
PT Sinar Mas Multiartha Tbk - 101
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Profil Perusahaan
Company Profile
Penghargaan dan Sertifikasi
Awards and Certifications
Indonesia Best Sharia Bank 2025 with Provision of Innovative Sharia
Finance Solutions through Personalized Services
Penyelenggara / Organizer:
Warta Ekonomi
Tanggal Perolehan / Receipt Date:
25 Februari 2025 / 25 February 2025
The Best Mobile Banking Bank Umum Syariah KBMI 1
The Best Mobile Banking, Sharia Commercial Bank KBMI 1
Penyelenggara / Organizer:
Infobank & Isentia
Tanggal Perolehan / Receipt Date:
20 Maret 2025 / 20 March 2025
The 3rd Best Bank Umum Syariah - Asset <10 Triliun
3rd Best Sharia Commercial Bank - Asset <10 Trillion
Penyelenggara / Organizer:
Infobank & Isentia
Tanggal Perolehan / Receipt Date:
20 Maret 2025 / 20 March 2025
Marketeers OMNI Brands of the Year 2025 Kategori Online - Offline Brand
Activation
Marketeers OMNI Brands of the Year 2025, Online - Offline Brand Activation Category
Penyelenggara / Organizer:
Marketeers
Tanggal Perolehan / Receipt Date:
3 Juni 2025 / 3 June 2025
102 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
BAZNAS Award 2025 Kategori Pendukung Pengelolaan Zakat
Karyawan Terbaik
BAZNAS Award 2025, Best Supporter of Employee Zakat Management
Penyelenggara / Organizer:
Badan Amil Zakat Nasional (BAZNAS)
Tanggal Perolehan / Receipt Date:
28 Agustus 2025 / 28 August 2025
Bank Umum Syariah Pendukung Pembiayaan Ekonomi Syariah Terbaik
Kategori Aset di Bawah Rp50 Triliun
Best Sharia Commercial Bank Supporter of Sharia Economic Financing,
Asset Category Under Rp50 Trillion
Penyelenggara / Organizer:
Bank Indonesia
Tanggal Perolehan / Receipt Date:
12 Oktober 2025 / 12 October 2025
Marketeers Digital Marketing Heroes 2025 Kategori Digital Product
for Impact Heroes melalui Program Aira Wakaf
Marketeers Digital Marketing Heroes 2025, Digital Product for Impact Heroes
Category through Aira Waqf Program
Penyelenggara / Organizer:
Marketeers
Tanggal Perolehan / Receipt Date:
9 Desember 2025 / 9 December 2025
The Best of Hajj Registration & AUM Contribution Bank 2025 (National Bank
Category - 3rd Place) dan / and The Best Young Hajj Pilgrims Registration
Bank 2025 (National Bank Category - 3rd Place)
Penyelenggara / Organizer:
Badan Pengelola Keuangan Haji (BPKH) / The Hajj Financial Management Agency (BPKH)
Tanggal Perolehan / Receipt Date:
24 Desember 2025 / 24 December 2025
PT Sinar Mas Multiartha Tbk - 103
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Profil Perusahaan
Company Profile
PT Asuransi Sinar Mas
Alamat Kantor Pusat
Head Office Address
Plaza Simas
Jl. Fachrudin No. 18-20
Tanah Abang
Jakarta 10250
(021) 390 2141 - 46
(021) 390 2159 - 60
info@sinarmas.co.id
www.sinarmas.co.id
Profil Perusahaan Company Profile
PT Asuransi Sinar Mas (ASM) dibentuk pada 27 Mei 1985, PT Asuransi Sinar Mas (ASM) was established on 27 May 1985
dengan nama PT Asuransi Kerugian Sinar Mas Dipta. Lebih under the name of PT Asuransi Kerugian Sinar Mas Dipta. ASM
dari 3 dekade mengabdi dan melayani masyarakat Indonesia, has been serving the Indonesian communities for well over
ASM senantiasa menyediakan berbagai produk asuransi 3 decades, providing various general insurance products and
umum dan layanan yang inovatif sesuai dengan kebutuhan innovative services aligned with the need and development
dan perkembangan zaman. Hingga akhir tahun 2025, wilayah over time. Until the end of 2025, ASM operational areas cover
operasional ASM menjangkau hampir seluruh wilayah Indonesia almost all over Indonesia, represented by 177 offices, consists of
yang diwakili oleh 177 kantor, terdiri dari 35 kantor cabang, 35 branch offices, 52 marketing offices, 20 agency marketing
52 kantor pemasaran, 20 kantor pemasaran agensi, 24 kantor offices, 24 marketing point offices, and 46 marketing point
marketing point, dan 46 kantor marketing point agency. Selain agency offices. ASM operational is also backed competent and
itu, kegiatan operasional ASM juga didukung karyawan yang professional employees.
kompeten dan profesional.
Sebagai bagian dari upaya peningkatan layanan digital kepada As part of its efforts to improve digital services provided for
nasabah, ASM menyediakan berbagai platform akses asuransi the customers, ASM provides various platforms to access
secara daring, termasuk situs resmi sinarmas.co.id, mobile its insurance services online, including its official website
application Asuransi Sinar Mas Online, serta aplikasi Star sinarmas.co.id, mobile application Asuransi Sinar Mas Online,
Poin. Salah satu produk yang pernah ditawarkan adalah Simas and Star Poin apps. One of the products previously offered
Covid-19, yang memberikan perlindungan khusus terhadap was Simas Covid-19, provided special protection for Covid-19
risiko biaya medis akibat Covid-19, termasuk saat nasabah related medical, including when the customer needs to undergo
menjalani isolasi mandiri. self-isolation.
Selain itu, untuk mendukung mitra bisnis dalam memperluas Further, to support its business partners in expanding
jangkauan pemasaran, ASM mengembangkan aplikasi Gamipro, the marketing outreach, ASM developed the Gamipro apps,
platform berbasis permainan yang menyajikan informasi a game-based platform that interactively presenting product
produk secara interaktif. Aplikasi ini masih dimanfaatkan oleh information. Business partners are still utilizing this apps as
business partners sebagai sarana edukasi dan promosi manfaat a means of education and promotion on the benefits of
perlindungan asuransi secara digital. insurance protection digitally.
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Laporan Tahunan 2025
2025 Annual Report
ASM senantiasa memfasilitasi pendidikan dan pelatihan karyawan. ASM consistently facilitates employee education and training.
Jenis pelatihan yang diberikan berupa training inhouse, The types of training provided include in-house training,
coaching, profesional, gelar keprofesian dan seminar/workshop coaching, professional programs, professional degree programs,
dari berbagai bidang yang dibutuhkan. and seminars/workshops in various relevant fields.
Produk dan Layanan Products and Services
Produk yang ditawarkan oleh ASM terdiri dari 102 produk The products offered by ASM consist of 102 conventional
konvensional dan 26 produk syariah, yang dirinci pada tabel products and 26 sharia products, as detailed in the following
berikut. table.
Konvensional
Conventional
• Asuransi Super Proteksi / Super Protection Insurance • Asuransi Simas Expatriate / Simas Expatriate Insurance
• Asuransi Simas Super Health / Simas Super Health Insurance • Asuransi Kesehatan “Simas Sehat Gold” / “Simas Sehat Gold” Health
• Asuransi Peralatan Elektronik / Electronic Equipment Insurance Insurance
• Asuransi Gempa Bumi / Earthquake Insurance • Asuransi Mikro Warisanku / MyInheritance Micro Insurance
• Asuransi Tanggung Gugat Direktur dan Pejabat Perusahaan / • Simas Mikro Autocar / Simas Micro Autocar Insurance
The Company Director and Officials Liability Insurance • Simas UKM / Simas SME
• Asuransi Simas Surgical Insurance / Simas Surgical Insurance • Asuransi Kesehatan “Simas Sehat Executive” / “Simas Sehat Executive”
• Asuransi Kerusakan Mesin / Machinery Breakdown Insurance Health Insurance
• Simas Siber / Simas Cyber • Asuransi Mikro Rumahku / MyHouse Micro Insurance
• Asuransi Tanggung Jawab Hukum terhadap Publik / Legal Accountability • Simas Pembatalan Tiket / Simas Ticket Cancellation
to Public Insurance • Customs Bond
• Asuransi Simas Mobil Bonus / Simas Car Bonus Insurance • Asuransi Penyimpanan Uang / Cash in Safe Insurance
• Asuransi Mesin dan Peralatan Kontraktor / Contractor’s Plant and • Asuransi Mikro Stop Usaha-Erupsi / Stop of Business-Eruption Micro
Machinery Insurance Insurance
• Asuransi Simas Mikro Autobike / Simas Micro Autobike Insurance • Asuransi Simas Sepeda / Simas Bicycle Insurance
• Asuransi Simas Cancer Insurance / Simas Cancer Insurance • Excise Bond
• Simas Card Personal Accident • Asuransi Cash in Transit / Cash in Transit Insurance
PT Sinar Mas Multiartha Tbk - 105
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Profil Perusahaan
Company Profile
Konvensional
Conventional
• Asuransi Rangka Kapal Laut / Marine Hull Insurance • Simas Pet Insurance
• Asuransi Simas Growing Trees / Simas Growing Trees Insurance • Asuransi Mikro Stop Usaha-Gempa Tsunami / Stop of Business-Tsunami
• Jaminan Penawaran / Bid Bond Earthquake Micro Insurance
• Asuransi Alat Berat / Heavy Equipment Insurance • Peduli Care Anti-Corona / Anti-Corona Care
• Asuransi Pengangkutan Laut / Marine Cargo Insurance • Asuransi Simas Accident Protector / Simas Accident Protector Insurance
• Asuransi Simas Energi dan Migas / Simas Energy and Oil and Gas Insurance • Asuransi Simas Sehat Income / Simas Health Income Insurance
• Jaminan Pelaksanaan / Performance Bond • Asuransi Mikro Asuransiku / Micro MyInsurance Insurance
• Asuransi Kecelakaan Diri (Simas Personal Accident) / Personal Accident • Simas Covid-19
Insurance • Asuransi Simas Family Protector / Simas Family Protector Insurance
• Asuransi Simas Rumah Hemat ++/Asuransi Semua Risiko Harta Benda • Simas Mudik / Homeward-bound Journeys Simas
dan Gangguan Usaha / Simas Economical House ++/Insurance/Property • Si ABANG (Asuransi Anti-Bangkrut) - Erupsi / Si ABANG (Anti- Bankruptcy
and Business Disruption All Risk Insurance Insurance) - Eruption
• Asuransi Properti Purna Konstruksi / Post Property Construction Insurance • Simas Aviation
• Jaminan Uang Muka / Advance Payment Bond • Asuransi Simas Children Protector / Simas Children Protector Insurance
• Asuransi Kebakaran / Fire Insurance • Asuransi Semua Risiko Harta Benda dan Gangguan Usaha / Property
• Asuransi Simas Ruko/Asuransi Kebakaran / Simas Shophouse and Business Interruption All Risk Insurance
Insurance/Fire Insurance • Si ABANG (Asuransi Anti-Bangkrut) - Gempa Tsunami / Si ABANG
• Asuransi Simas Pembatalan Pertunjukan / Simas Show Cancellation (Anti-Bankruptcy Insurance) - Earthquake Tsunami
Insurance • Asuransi Simas Travel Covid-19 / Simas Travel Insurance Covid-19
• Jaminan Pemeliharaan / Maintenance Bond • Asuransi Simas Hospital Care / Simas Hospital Care Insurance
• Asuransi Simas Mobil TPL / Simas Car TPL Insurance • Asuransi Kredit Kepemilikan Rumah (Simas KPR)/Asuransi Kebakaran /
• Asuransi Simas Hole in One / Simas Hole in One Insurance Housing Loan Insurance (Simas Housing Loan)/Fire Insurance
• Asuransi Simas Perpanjangan Garansi Pabrik / Simas Plant Extension • Simas Touring
Guarantee Insurance • Asuransi Simas Peti Kemas / Simas Container Insurance
• Jaminan Pembayaran / Payment Bond • Simas Hospital Income
• Asuransi Kendaraan Bermotor Simas / Simas Motor Vehicle Insurance • Asuransi Semua Risiko Kontraktor / Contractor All Risk Insurance
• Asuransi Simas Travel / Simas Travel Insurance • Simas PA Mikro Simas Perlindungan Mikro / Simas PA Micro Simas
• Asuransi Simas Kerusuhan dan Huru-Hara / Simas Violence and Riot Micro Protection
Insurance • Simas Mobil Fire and Theft / Simas Car Fire and Theft
• Kontra Bank Garansi / Contra Bank Guarantee • Asuransi Hospital Income Security / Hospital Income Security Insurance
• Simas Mobil Exclusive / Simas Exclusive Car • Asuransi Semua Risiko Pemasangan / Erection All Risk Insurance
• Asuransi Kebongkaran / Burglary Insurance • SSI Mikro Simas Sehat Mikro / SSI Micro Simas Sehat Micro
• Asuransi Simas Satelit / Simas Satellite Insurance • Asuransi Simas Tanggung Jawab Pejabat dan Direktur Perusahaan /
• Asuransi Kredit / Credit Insurance The Company Director and Officials Accountability Insurance
• Asuransi Simas Sehat Corporate / Simas Corporate Health Insurance • Asuransi Simas Siber Proteksi / Simas Cyber Protection Insurance
• Simas Petani / Simas Farmer • Asuransi Simas Super Cover / Simas Super Cover Insurance
• Asuransi Simas Perbankan / Simas Banking Insurance • Asuransi Simas Moveable All Risk / Simas Moveable All Risk Insurance
• Asuransi Kecelakaan Diri “Simas Proteksi PHK” / “Simas Proteksi PHK” • Asuransi Simas Kontainer Domestik / Simas Domestic Container
Personal Accident Insurance Insurance
• Asuransi Simas Proteksi Belanja / Simas Shopping Protection Insurance • Asuransi Simas Tanggung Jawab Profesi / Simas Professional
• Simas Pet Insurance Responsibility Insurance
• Asuransi Simas Cyber Enterprise / Simas Cyber Enterprise Insurance • Asuransi Simas Port & Terminal Liability / Simas Port & Terminal Liability
• Asuransi Simas Cyber Personal / Simas Cyber Personal Insurance Insurance
• Asuransi Simas Santunan Kerugian Total / Simas Total Loss • Asuransi Perlintasan Imigrasi (PAB) / Immigration Crossing (PAB)
Compensation Insurance Insurance
• Asuransi Simas Product Liability / Simas Total Loss Compensation • Asuransi Kredit Perdagangan/Trade Credit Insurance (Perubahan) /
Insurance Trade Credit Insurance (Amendment)
• Asuransi Simas Pesawat Nirawak/Drone / Simas Unmanned/Drone
Insurance
Syariah
Sharia
• Asuransi Cash in Safe Syariah / Cash in Safe Sharia Insurance • Asuransi Cash in Transit Syariah / Cash in Transit Sharia Insurance
• Asuransi Simas Travel - Overseas Syariah / Simas Travel - Overseas • Asuransi Alat Berat Syariah / Heavy Equipment Sharia Insurance
Sharia Insurance • Asuransi Simas Petani Mikro Syariah / Simas Micro Farmer Sharia Insurance
• Asuransi Kebongkaran Syariah / Burglary Sharia Insurance • Asuransi Simas KPR Syariah / Simas KPR Sharia Insurance
• Asuransi Simas Mikro Autobike Syariah / Simas Micro Autobike Sharia • Asuransi Syariah “Kebakaran” / “Fire” Sharia Insurance
Insurance • Asuransi Peralatan Elektronik Syariah / Electronic Equipment Sharia
• Asuransi Personal Accident Syariah / Personal Accident Sharia Insurance Insurance
• Asuransi Contractors All Risk Syariah / Contractors All Risk Sharia Insurance • Asuransi Simas Perlindungan Mikro Syariah / Simas Protection Micro
• Asuransi Syariah “Simas Sehat Executive Syariah” / “Simas Sehat Sharia Insurance
Executive Sharia” Insurance • Asuransi Simas Machinery Breakdown Syariah / Simas Machinery
• Asuransi Simas Mikro Autocar Syariah / Simas Micro Autocar Sharia Breakdown Sharia Insurance
Insurance • Asuransi Simas UKM Syariah / Simas SME Sharia Insurance
• Kendaraan Bermotor Syariah / Motor Vehicle Sharia Insurance • Asuransi Simas Sehat Gold Syariah / Simas Sehat Gold Sharia Insurance
• Asuransi Rangka Kapal Syariah / Marine Hull Sharia Insurance • Property All Risk Syariah / Property All Risk Sharia
• Asuransi Simas Siswa Mikro Syariah / Simas Micro Student Sharia Insurance • Asuransi Pengangkutan Barang Syariah / Cargo Sharia Insurance
• Asuransi Simas Industrial All Risk Syariah / Simas Industrial All Risk • Asuransi Tanggung Gugat Publik Syariah / Public Liability Sharia Insurance
Sharia Insurance • Earthquake Syariah / Earthquake Sharia
106 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
Pengurus Management
Dewan Komisaris Board of Commissioners
Komisaris Utama : Ivena Widjaja President Commissioner : Ivena Widjaja
Komisaris : Johanes Eddy Dharmasoeka Commissioner : Johanes Eddy Dharmasoeka
Komisaris Independen : Tonny Latidjan Independent Commissioner : Tonny Latidjan
Direksi Board of Directors
Direktur Utama : Howen Widjaja President Director : Howen Widjaja
Direktur : I Ketut Pasek Swastika Director : I Ketut Pasek Swastika
Direktur : Njoman Sudartha Director : Njoman Sudartha
Direktur : Aryanto Alimin Director : Aryanto Alimin
Direktur : Dumasi Marisina Magdalena Director : Dumasi Marisina Magdalena
Samosir Samosir
Direktur : Marten Petrus Lalamentik Director : Marten Petrus Lalamentik
Dewan Pengawas Syariah Sharia Supervisory Board
Ketua : Muhammad Faisal Muchtar Chairman : Muhammad Faisal Muchtar
Anggota : Latief Awaludin Member : Latief Awaludin
Kinerja Keuangan
Financial Performance
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Uraian 2025 2024 2023 Description
Posisi Keuangan / Financial Positions
Aset 21,478,947 40,268,336 40,386,011 Assets
Liabilitas 15,671,562 34,166,611 34,855,780 Liabilities
Ekuitas 5,807,385 6,101,724 5,530,231 Equity
Laba Rugi dan Penghasilan Komprehensif Lain / Profit Loss and Other Comprehensive Income
Total Pendapatan 2,085,567 14,635,562 15,214,655 Total Income
Total Beban 1,086,571 13,860,778 14,510,583 Total Expenses
Laba Sebelum Zakat 967,079 774,784 704,072 Profit Before Zakat
Laba Sebelum Pajak Penghasilan 966,080 773,486 702,670 Profit Before Income Tax
Laba (Rugi) Tahun Berjalan 906,481 627,880 670,161 Profit (Loss) for the Year
Peristiwa Penting
Significant Events
30 Juli 2025-1 Agustus 2025 / 30 July 2025-1 August 2025
ASM hadir di Indonesia Catalogue Expo and Forum (ICEF-IPFE 2025) di JIEXPO Kemayoran.
ASM participated in Indonesia Catalogue Expo and Forum (ICEF-IPFE 2025) at JIEXPO Kemayoran.
PT Sinar Mas Multiartha Tbk - 107
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Profil Perusahaan
Company Profile
21 Agustus 2025 / 21 August 2025
ASM menggelar acara Agency Tour Contest (ATC) sebagai bentuk apresiasi atas
kontribusi dan pencapaian para agen dalam mendukung pertumbuhan bisnis
perusahaan.
ASM held Agency Tour Contest (ATC) as a form of appreciation for the contributions
and achievements of its agents in supporting the Company’s business growth.
18 September 2025 / 18 September 2025
Penandatanganan Perjanjian Kerja Sama Penutupan Asuransi antara ASM dengan
PT BPD Sumatra Selatan dan Bangka Belitung (Sumsel Babel) yang mencakup
penyediaan produk asuransi kebakaran dan asuransi kendaraan bermotor bagi
debitur Bank Sumsel Babel.
Signing of Insurance Closing Cooperation Agreement between ASM and PT BPD
Sumatra Selatan dan Bangka Belitung (Sumsel Babel) covering provision of fire
insurance and motor vehicle insurance products for Bank Sumsel Babel’s debtors.
23 Oktober 2025 / 23 October 2025
ASM dan BASE Tandatangani MoU Energy Saving Insurance (ESI) di Indonesia.
ASM and BASE Signed a MoU for Energy Saving Insurance (ESI) in Indonesia.
ASM melakukan Peresmian 22 cabang Business Partner Point (BPP) di wilayah
Jakarta, Bogor, Depok, Tangerang, Bekasi, Bandung, Semarang, dan Yogyakarta.
BPP merupakan kantor pemasaran asuransi yang dikelola secara profesional oleh
Agen Asuransi resmi dan memiliki lisensi dan tercatat di Asosiasi Asuransi Umum
Indonesia (AAUI).
ASM inaugurated 22 Business Partner Point (BPP) branches in Jakarta, Bogor,
Depok, Tangerang, Bekasi, Bandung, Semarang, and Yogyakarta. BPP is
insurance marketing office professionally managed by licensed Insurance Agents
and registered with the Indonesian General Insurance Association (AAUI).
108 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
Penghargaan dan Sertifikasi
Awards and Certifications
8th Satisfaction Loyalty Engagement 2025
The 2nd Best General Insurance (Gross Premium >IDR3 Trillion)
in Customer Experience Index
Penyelenggara / Organizer:
Infobank
Tanggal Perolehan / Receipt Date:
4 Februari 2025 / 4 February 2025
8th Satisfaction Loyalty Engagement 2025
The 2nd Best General Insurance (Gross Premium >IDR3 Trillion)
in Customer Resilience Level
Penyelenggara / Organizer:
Infobank
Tanggal Perolehan / Receipt Date:
4 Februari 2025 / 4 February 2025
8th Satisfaction Loyalty Engagement 2025
The 2nd Best General Insurance (Gross Premium >IDR3 Trillion)
in Customer Satisfaction on Agent Index
Penyelenggara / Organizer:
Infobank
Tanggal Perolehan / Receipt Date:
4 Februari 2025 / 4 February 2025
8th Satisfaction Loyalty Engagement 2025
The 2nd Best General Insurance (Gross Premium >IDR3 Trillion)
in Customer Satisfaction on Claim Index
Penyelenggara / Organizer:
Infobank
Tanggal Perolehan / Receipt Date:
4 Februari 2025 / 4 February 2025
PT Sinar Mas Multiartha Tbk - 109
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Profil Perusahaan
Company Profile
8th Satisfaction Loyalty Engagement 2025
The 2nd Best General Insurance (Gross Premium >IDR3 Trillion)
in Customer Satisfaction on Surveyor Index
Penyelenggara / Organizer:
Infobank
Tanggal Perolehan / Receipt Date:
4 Februari 2025 / 4 February 2025
8th Satisfaction Loyalty Engagement 2025
The Best General Insurance (Gross Premium >IDR3 Trillion)
in Customer Centricity Index
Penyelenggara / Organizer:
Infobank
Tanggal Perolehan / Receipt Date:
4 Februari 2025 / 4 February 2025
8th Satisfaction Loyalty Engagement 2025
The Best General Insurance (Gross Premium >IDR3 Trillion)
in Customer Satisfaction on Product and Value Index
Penyelenggara / Organizer:
Infobank
Tanggal Perolehan / Receipt Date:
4 Februari 2025 / 4 February 2025
8th Satisfaction Loyalty Engagement 2025
The Best General Insurance (Gross Premium >IDR3 Trillion)
in Customer Satisfaction on Website and Branch Index
Penyelenggara / Organizer:
Infobank
Tanggal Perolehan / Receipt Date:
4 Februari 2025 / 4 February 2025
8th Satisfaction Loyalty Engagement 2025
The Best General Insurance (Gross Premium >IDR3 Trillion)
in Engagement Index
Penyelenggara / Organizer:
Infobank
Tanggal Perolehan / Receipt Date:
4 Februari 2025 / 4 February 2025
110 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
8th Satisfaction Loyalty Engagement 2025
The Best General Insurance (Gross Premium >IDR3 Trillion)
in Loyality Index
Penyelenggara / Organizer:
Infobank
Tanggal Perolehan / Receipt Date:
4 Februari 2025 / 4 February 2025
8th Satisfaction Loyalty Engagement 2025
The Best General Insurance (Gross Premium >IDR3 Trillion)
in Marketing Engagement Index
Penyelenggara / Organizer:
Infobank
Tanggal Perolehan / Receipt Date:
4 Februari 2025 / 4 February 2025
8th Satisfaction Loyalty Engagement 2025
The Best General Insurance in Satisfaction, Loyality, and Engagement 2025
(Gross Premium Under IDR3 Trillion)
Penyelenggara / Organizer:
Infobank
Tanggal Perolehan / Receipt Date:
4 Februari 2025 / 4 February 2025
8th Satisfaction Loyalty Engagement 2025
The Best General Insurance (Gross Premium >IDR3 Trillion)
in Satisfaction Index
Penyelenggara / Organizer:
Infobank
Tanggal Perolehan / Receipt Date:
4 Februari 2025 / 4 February 2025
TOP CSR Awards 2025 # Star 5
Penyelenggara / Organizer:
Top Business
Tanggal Perolehan / Receipt Date:
11 Juni 2025 / 11 June 2025
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Profil Perusahaan
Company Profile
Howen Widjaja, TOP Leader on CSR Commitment 2025
Penyelenggara / Organizer:
Top Business
Tanggal Perolehan / Receipt Date:
11 Juni 2025 / 11 June 2025
Insurance Market Leader Award 2025
National General Insurance Market Leader Award 2025
Penyelenggara / Organizer:
Media Asuransi
Tanggal Perolehan / Receipt Date:
16 Juli 2025 / 16 July 2025
26th Insurance Award 2025
The Excellent Performance General Insurance Company Equity Class Under
IDR2,5 Trillion
Penyelenggara / Organizer:
Infobank
Tanggal Perolehan / Receipt Date:
1 Agustus 2025 / 1 August 2025
TOP GRC Awards 2025 # 5 Stars
Penyelenggara / Organizer:
Top Business
Tanggal Perolehan / Receipt Date:
8 September 2025 / 8 September 2025
Howen Widjaja, The Most Committed GRC Leader 2025
Penyelenggara / Organizer:
Top Business
Tanggal Perolehan / Receipt Date:
8 September 2025 / 8 September 2025
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Laporan Tahunan 2025
2025 Annual Report
14th Infobank Sharia Award 2025
The Excellence Performance Sharia General Insurance Business
Unit 2025 (Based on Financial Performance 2024)
Penyelenggara / Organizer:
Infobank
Tanggal Perolehan / Receipt Date:
2 Oktober 2025 / 2 Oktober 2025
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Profil Perusahaan
Company Profile
PT Asuransi Simas Jiwa
Alamat Kantor Pusat
Head Office Address
Gedung Simas Jiwa
Jl. Lombok No. 73
Jakarta Pusat / Central Jakarta 10350
(021) 2854 7999
0888 1234 008
cs@simasjiwa.com.id
www.simasjiwa.co.id
Profil Perusahaan Company Profile
Pada awal didirikan tahun 2003, PT Asuransi Simas Jiwa When it was first established in 2003, PT Asuransi Simas
(Asuransi Simas Jiwa/ASJ) dikenal dengan nama PT Asuransi Jiwa (Asuransi Simas Jiwa/ASJ) was known as PT Asuransi
Jiwa Mega Life. Setelah terjadinya perubahan struktur Jiwa Mega Life. Following changes in management structure
manajemen dan kepemilikan saham, perusahaan mengubah and share ownership, the company changed its name to
nama menjadi PT Asuransi Simas Jiwa atau Simas Jiwa. PT Asuransi Simas Jiwa or Simas Jiwa. The name change was
Perubahan nama tersebut dilakukan untuk lebih mendekatkan intended to bring the Company closer to all levels of society
perusahaan kepada seluruh lapisan masyarakat sampai ke across the nation, reflecting the meaning that customers’
pelosok tanah air, yang memberikan makna bahwa keputusan decisions to obtain economic protection with the Company
nasabah untuk memiliki perlindungan nilai ekonomis bersama bring light, goodwill, and peace of mind to their lives.
perusahaan, memberikan cahaya kebajikan, dan kenyamanan
bagi jiwa nasabah.
Langkah yang dilakukan untuk mendekatkan perusahaan dengan The above-mentioned approach is demonstrated by expanding
masyarakat dibuktikan dengan wilayah operasional perusahaan the company’s operational area to several big cities of Indonesia.
yang tersebar di beberapa kota besar di Indonesia. ASJ memiliki ASJ has 9 sales offices in 9 cities, namely Medan, Bogor,
9 kantor pemasaran/sales office di 9 kota, yakni Medan, Bogor, Bandung, Semarang, Makassar, Surabaya, Manado, Denpasar,
Bandung, Semarang, Makassar, Surabaya, Manado, Denpasar, and Jakarta.
dan Jakarta.
Pada akhir tahun 2025, Asuransi Simas Jiwa memiliki Until the end of 2025, Asuransi Simas Jiwa employed 216 people,
216 karyawan, terdiri dari 186 karyawan organik dan 30 karyawan consists of 186 organic employees and 30 non-organic
non-organik. Karyawan-karyawan tersebut mendukung employees. These employees have supported the company in
perusahaan untuk memberikan pelayanan optimal bagi nasabah. providing the optimal services to the customers.
Transformasi digital yang telah dijalankan ASJ pada tahun The digital transformation conducted by ASJ in previous years
sebelumnya menjadi fondasi penting dalam mendorong efisiensi has served as crucial foundation in driving operational efficiency
operasional dan peningkatan kualitas layanan kepada nasabah and continuous improvement of service quality for customers.
secara berkelanjutan. Penerapan sistem automasi end-to end, The implementation of end-to-end automation system, integration
integrasi teknologi informasi dengan mitra bisnis melalui of information technology with business partners via digital
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Laporan Tahunan 2025
2025 Annual Report
protokol digital seperti application programming interface (API) protocols such as application programming interfaces (API)
dan file transfer protocol (FTP), serta pemanfaatan teknologi and file transfer protocols (FTP), as well as the utilization of
seperti artificial intelligence (AI), big data, dan cloud computing technologies like artificial intelligence (AI), big data, and cloud
telah membentuk infrastruktur digital yang mendukung proses computing, have established a digital infrastructure supporting
bisnis utama. Selain itu, penguatan sistem keamanan melalui core business processes. In addition, strengthening the security
operasional security operation center (SOC) serta kepatuhan system through the operation of the Security Operation Center
terhadap standar ISO 27001:2023 menjadi bagian dari (SOC) and compliance with ISO 27001:2023 standards form
komitmen ASJ dalam menjaga integritas data nasabah dan part of ASJ’s commitment to maintaining customer data
ketahanan operasional. integrity and operational resilience.
Di samping fondasi digital tersebut, ASJ juga memfokuskan strategi In addition to the digital foundation, ASJ also focused its business
bisnis pada pengembangan produk asuransi jiwa tradisional guna strategy on developing traditional life insurance products to boost
mendorong pertumbuhan premi reguler. Upaya ini didukung oleh regular premium growth. This effort is backed by expansion of
ekspansi kemitraan bisnis baru serta penguatan saluran distribusi new business partnerships, as well as strengthening of agency
agensi, yang berkontribusi terhadap peningkatan penetrasi pasar distribution channels, which have contributed to better market
dan jangkauan layanan di tahun 2025. penetration and service outreach in 2025.
Produk dan Layanan Products and Services
ASJ berkomitmen untuk senantiasa memenuhi kebutuhan ASJ is committed to constantly meeting its customers’
nasabah melalui berbagai bentuk pengembangan dan inovasi needs through various forms of continuous development and
berkelanjutan. Upaya ini mencakup peningkatan dalam aspek innovation. These efforts include enhancements in digital
pelayanan digital, kualitas layanan, hingga produktivitas services, service quality, and overall company productivity.
perusahaan. Dalam menjangkau nasabah secara lebih luas, ASJ To reach a broader customer base, ASJ provides a range of
menyediakan beragam kanal distribusi, antara lain Sales Direct, distribution channels, including Direct Sales, Bancassurance,
Bancassurance, Internet Business, Unit Usaha Syariah, dan Dana Internet Business, Sharia Business Unit, and Financial Institution
Pensiun Lembaga Keuangan. Untuk memberikan kemudahan Pension Fund. To facilitate easier access, the public can also
akses, masyarakat juga dapat membeli produk asuransi secara purchase insurance products online via klikasuransiku.com,
PT Sinar Mas Multiartha Tbk - 115
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Profil Perusahaan
Company Profile
daring melalui klikasuransiku.com, serta memantau polis dan as well as monitor the policy and submit claim online via SiJi
mengajukan klaim secara online melalui portal SiJi Access. Access portal. The various insurance products offered by ASJ
Adapun jenis produk asuransi yang ditawarkan ASJ kepada to its customers, are listed as follows.
nasabah, diungkapkan sebagai berikut.
Produk Konvensional Produk Syariah
Conventional Products Sharia Products
• SiJi Secure 1-3 • SiJi Smart Kid • Simas Jiwa Legacy Syariah • SiJi Care Protection Syariah
• Asuransi SiJi Fixed Link - Dollar • SiJi Guard 1-4 • SiJi Proteksi Pasti Syariah • SiJi Guard 1 Syariah
• Asuransi SiJi Fixed Link • SiJi Health 1-5 • Simas Investa Link Syariah • SiJi Secure 1 Syariah
• Simas Maxi Pro • Simas Jiwa Legacy • Simas Fixed Link Syariah • SiJi Smart Kid Syariah
• SiJi Critical High • Simas Jaminan Pasti
• Decreasing Term Life • SiJi Critical 3-5
• SiJi Medical Care • Simas Dana Pasti
• SiJi Hospital Care • Simas Serenity Plan
• SiJi Care Protection • Simas Proteksi Pasti
• Simas Scholarship Protection
Pengurus Management
Dewan Komisaris Board of Commissioners
Komisaris Utama : Dumasi Marisina Magdalena President Commissioner : Dumasi Marisina Magdalena
Samosir Samosir
Komisaris Independen : Aditiawan Chandra Independent Commissioner : Aditiawan Chandra
Komisaris Independen : Tengku Said Idris Independent Commissioner : Tengku Said Idris
Direksi Board of Directors
Direktur Utama : Dewi Listyaningtyas President Director : Dewi Listyaningtyas
Direktur : Gatot Herliyanto Director : Gatot Herliyanto
Direktur : Nasib Parulian Simamora Director : Nasib Parulian Simamora
Direktur : Rudy Hermawan Director : Rudy Hermawan
Direktur : Janty Sumirkan Director : Janty Sumirkan
Dewan Pengawas Syariah Sharia Supervisory Board
Ahmad Nuryadi Asmawi Ahmad Nuryadi Asmawi
Kinerja Keuangan
Financial Performance
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Uraian 2025 2024*) 2023*) Description
Posisi Keuangan / Financial Positions
Aset 25,285,202 23,988,448 23,376,958 Assets
Liabilitas 23,749,735 22,588,668 22,139,983 Liabilities
Ekuitas 1,535,467 1,399,780 1,236,975 Equity
Laba (Rugi) dan Penghasilan Komprehensif Lain / Profit (Loss) and Other Comprehensive Income
Pendapatan Usaha - Bersih 352,947 219,144 7,778,489 Operating Income - Net
Beban Usaha 94,643 66,035 7,620,130 Operating Expenses
Laba Sebelum Pajak 210,687 162,805 158,360 Profit Before Tax
Laba Tahun Berjalan 210,687 162,805 158,360 Profit for the Year
Penghasilan Komprehensif Lain - - - Other Comprehensive Income
Total Penghasilan Komprehensif 210,687 162,805 158,360 Total Comprehensive Income
*) Disajikan kembali. / Restated.
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Laporan Tahunan 2025
2025 Annual Report
Peristiwa Penting
Significant Events
19 Maret 2025 / 19 March 2025
Simas Jiwa memasarkan produk Asuransi Jiwa Syariah di Kementerian Koperasi
dalam Acara Ramadan Delight Market.
Simas Jiwa marketed its Sharia life insurance product at the Ministry of Cooperatives
during the Ramadan Delight Market event.
11 Juni 2025 / 11 June 2025
Simas Jiwa memasarkan produk Asuransi Jiwa SiJi Proteksi Pasti dan Asuransi
SiJi Smart Kid, bekerja sama dengan Bank CCBI di Sekolah Pahoa.
Simas Jiwa marketed its SiJi Proteksi Pasti Life Insurance and SiJi Smart Kid
Insurance products in collaboration with Bank CCBI at Pahoa School.
20 Juni 2025 / 20 June 2025
Penandatanganan Perjanjian Kerja Sama Simas Jiwa dengan Bank Pembangunan
Daerah Sulawesi Tenggara (BPD Sultra).
Cooperation Agreement signing between Simas Jiwa and Regional Development
Bank of Southeast Sulawesi (BPD Sultra).
16 Juli 2025 / 16 July 2025
Launching Simas Scholarship Protection dengan Bank Sinarmas di Fairmont Hotel.
Launching of Simas Scholarship Protection in collaboration with Bank Sinarmas
at Fairmont Hotel.
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Company Profile
17 September 2025 / 17 September 2025
Agency Gala Dinner dengan tema “You are the Star”.
Agency Gala Dinner themed “You Are the Star”.
3-4 Oktober 2025 / 3-4 October 2025
Sinarmas Digital Day 2025 di Indonesia Convention Exhibition (ICE) BSD yang
dihadiri oleh berbagai bisnis unit dari Sinarmas Group.
Sinarmas Digital Day 2025 at Indonesia Convention Exhibition (ICE) BSD, attended
by various business units of Sinarmas Group.
20 Desember 2025 / 20 December 2025
Penandatanganan Perjanjian Kerja Sama Bank Syariah Indonesia dan PT Asuransi
Simas Jiwa di JIEXPO Kemayoran.
Cooperation Agreement signing between Bank Syariah Indonesia and PT Asuransi
Simas Jiwa at JIEXPO Kemayoran.
20 Desember 2025 / 20 December 2025
Simas Jiwa bersama Yayasan Mangrove Jakarta melaksanakan kegiatan penanaman
pohon mangrove di Eco Wisata PIK. Kegiatan ini merupakan bentuk komitmen
perusahaan dalam mendukung pelestarian lingkungan dan kawasan pesisir.
Simas Jiwa and Mangrove Jakarta Foundation, conducted mangrove tree planting
activity at PIK Eco Tourism. This event is a form of the Company’s commitment to
support environment and coastal area preservation.
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Laporan Tahunan 2025
2025 Annual Report
Penghargaan dan Sertifikasi
Awards and Certifications
Indonesia Public Relations Awards 2025
Crossing Cultures and Channels, Public Relation in Digital Era
Penyelenggara / Organizer:
Warta Ekonomi
Tanggal Perolehan / Receipt Date:
24 Januari 2025 / 24 January 2025
Indonesia Syariah Excellent Awards
Indonesia 20 Syariah Excellent Awards 2025
Penyelenggara / Organizer:
The Iconomics
Tanggal Perolehan / Receipt Date:
31 Januari 2025 / 31 January 2025
Indonesia Top Digital Innovation Awards 2025
Penyelenggara / Organizer:
The Iconomics
Tanggal Perolehan / Receipt Date:
14 Februari 2025 / 14 February 2025
Best Unit Link Awards
Simas Balance Fund Fund - Kategori Campuran IDR Konvensional 7 Tahun
Best Unit Link Awards
Simas Balance Fund Fund, Mixed Conventional Rupiah Category, 7-Years
Penyelenggara / Organizer:
Investortrust
Tanggal Perolehan / Receipt Date:
25 Februari 2025 / 25 February 2025
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Company Profile
Best Unit Link Awards
Simas Tasyakur Fixed Fund - Kategori Pendapatan Tetap Syariah
Periode 7 Tahun
Best Unit Link Awards
Simas Tasyakur Fixed Fund, Fixed Income Sharia Category, 7-Years Period
Penyelenggara / Organizer:
Investortrust
Tanggal Perolehan / Receipt Date:
25 Februari 2025 / 25 February 2025
Best Unit Link Awards
Simas Jiwa Investa Maxima Fund - Kategori Pendapatan Tetap IDR
Konvensional Periode 7 Tahun
Best Unit Link Awards
Simas Jiwa Investa Maxima Fund, Conventional Rupiah Fixed Income Category, 7-Years
Penyelenggara / Organizer:
Investortrust
Tanggal Perolehan / Receipt Date:
25 Februari 2025 / 25 February 2025
Best Unit Link Awards
Simas Tasyakur Balance Fund - Kategori Campuran Syariah Periode 3 Tahun
Best Unit Link Awards
Simas Tasyakur Balance Fund, Mixed Sharia Category, 3-Years Period
Penyelenggara / Organizer:
Investortrust
Tanggal Perolehan / Receipt Date:
25 Februari 2025 / 25 February 2025
Best Unit Link Awards
SiJi Fixed Fund Dollar - Kategori Pendapatan Tetap USD Periode 3 Tahun
Best Unit Link Awards
SiJi Fixed Fund Dollar, USD Fixed Income Category, 3-Years Period
Penyelenggara / Organizer:
Investortrust
Tanggal Perolehan / Receipt Date:
25 Februari 2025 / 25 February 2025
Best Unit Link Awards
Simas Jiwa Fund Dollar - Kategori Pendapatan Tetap USD Periode 5 Tahun
Best Unit Link Awards
Simas Jiwa Fund Dollar, USD Fixed Income Category, 5-Years Period
Penyelenggara / Organizer:
Investortrust
Tanggal Perolehan / Receipt Date:
25 Februari 2025 / 25 February 2025
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Laporan Tahunan 2025
2025 Annual Report
Best Unit Link Awards
Simas Jiwa Fund Dollar - Kategori Pendapatan Tetap USD Periode 7 Tahun
Best Unit Link Awards
Simas Jiwa Fund Dollar, USD Fixed Income Category, 7-Years Period
Penyelenggara / Organizer:
Investortrust
Tanggal Perolehan / Receipt Date:
25 Februari 2025 / 25 February 2025
Unit Link Awards 2025
Simas Tasyakur Balance Fund - Kategori Jenis Campuran Syariah
Unit Link Awards 2025
Simas Tasyakur Balance Fund, Mixed Sharia Category
Penyelenggara / Organizer:
Media Asuransi
Tanggal Perolehan / Receipt Date:
4 Maret 2025 / 4 March 2025
Unit Link Awards 2025
SiJi Fixed Investa Fund - Kategori Pendapatan Tetap Berdenominasi Rupiah
Unit Link Awards 2025
SiJi Fixed Investa Fund, Rupiah Denominated Fixed Income Category
Penyelenggara / Organizer:
Media Asuransi
Tanggal Perolehan / Receipt Date:
4 Maret 2025 / 4 March 2025
Unit Link Awards 2025
Simas Fixed Fund Dollar - Kategori Pendapatan Tetap Berdenominasi Dollar
Unit Link Awards 2025
Simas Fixed Fund Dollar, Dollar Denominated Fixed Income Category
Penyelenggara / Organizer:
Media Asuransi
Tanggal Perolehan / Receipt Date:
4 Maret 2025 / 4 March 2025
Most Trusted Financial Brands Awards 2025
Simas Link
Penyelenggara / Organizer:
Investortrust
Tanggal Perolehan / Receipt Date:
4 Maret 2025 / 4 March 2025
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Profil Perusahaan
Company Profile
Good Corporate Governance Awards 2025
Building Indonesia’s Business Future through Excellence Governance
Penyelenggara / Organizer:
Warta Ekonomi
Tanggal Perolehan / Receipt Date:
25 Juni 2025 / 25 June 2025
Market Leaders Awards 2025
Penyelenggara / Organizer:
Media Asuransi
Tanggal Perolehan / Receipt Date:
16 Juli 2025 / 16 July 2025
BRI Custody Awards
In Recognition of Its Outstanding Achievement as Antasena
Penyelenggara / Organizer:
PT Bank Rakyat Indonesia (Persero) Tbk
Tanggal Perolehan / Receipt Date:
25 Agustus 2025 / 25 August 2025
Indonesia Best Financial Awards
Penyelenggara / Organizer:
The Iconomics
Tanggal Perolehan / Receipt Date:
9 Oktober 2025 / 9 October 2025
APPARINDO Awards
Life Insurance Kategori Ekuitas di Atas Rp1,25 Triliun-4 Triliun
APPARINDO Awards
Life Insurance Category, Equity above IDR1.25 Trillion-Rp4 Trillion
Penyelenggara / Organizer:
Asosiasi Perusahaan Pialang Asuransi dan Reasuransi Indonesia (APPARINDO)
Tanggal Perolehan / Receipt Date:
31 Oktober 2025 / 31 October 2025
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Profil Perusahaan
Company Profile
PT Asuransi Simas Insurtech
Alamat Kantor Pusat
Head Office Address
Menara Tekno Lt. 5 / 5th Fl.
Jl. Fachruddin No. 19
Jakarta Pusat / Central Jakarta 10250
(021) 5050 7777
simasinsurtech.com
Profil Perusahaan Company Profile
PT Asuransi Simas Insurtech berdiri pada tahun 2013 di PT Asuransi Simas Insurtech was established in 2013 to engage
bidang asuransi, namun mulai beroperasi pada tahun 2014. in the insurance sector, but started its operation in 2014. Simas
Asuransi Simas Insurtech dibentuk untuk memenuhi kebutuhan Insurtech insurance was formed to address the insurance needs
masyarakat modern dalam berasuransi, yang dapat diakses of modern society, which is accessible online, both via website
secara online, baik melalui situs web maupun aplikasi di or app on smartphone. All of the insurance activities can be
smartphone. Seluruh kegiatan asuransi dapat dilakukan secara conducted online and in real-time, from the process to purchase
online dan real-time dari proses pembelian polis, penerbitan policy, e-policy issuance, to the claim process.
e-polis, hingga proses klaim.
Pada tahun 2025, aktivitas bisnis Perseroan didukung oleh In 2025, the Company's business activities were supported
32 karyawan yang andal dan profesional. Selain itu, Perseroan by 32 reliable and professional employees. Also, the Company
melakukan kegiatan usaha sesuai dengan rencana bisnis yang carried out its business activities in accordance with
telah ditentukan dengan terus memperhatikan perkembangan the established business plan, by constantly considering both
ekonomi global dan domestik serta menyesuaikan aktivitas global and domestic economic developments and adjusting
bisnis Perseroan agar selalu relevan dengan perkembangan the Company's business activities to remain relevant with
dinamika masyarakat. the dynamics of the society.
Bisnis Perseroan juga tumbuh dengan cukup signifikan pada tahun The Company's business also grow significant growth
2025. Hal ini tercermin dari pendapatan premi senilai Rp7,7 triliun in 2025. This is reflected in premium income of Rp7.7 trillion,
atau tumbuh 102% dibandingkan dengan tahun 2024. a 102% growth compared to 2024.
Dalam upaya merespons perkembangan zaman dan kemajuan In responding to developments and technological advancements,
teknologi, Perseroan juga telah memiliki produk-produk asuransi the Company also has insurance products that provide protection
yang memberikan perlindungan terhadap kejahatan siber, baik against cybercrime, both for individuals and legal entities, that have
terhadap perorangan ataupun badan hukum, yang berpotensi the potential to harm society.
merugikan masyarakat.
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Laporan Tahunan 2025
2025 Annual Report
Produk
Products
Asuransi Mobil
Car Insurance
Penggantian biaya transportasi dari Asuransi Mobil Simas Insurtech Reimbursement of transportation cost from Simas Insurtech Car Insurance
adalah penggantian yang diberikan apabila mobil tertanggung yang is a reimbursement provided should the insured’s car insured at Simas
diasuransikan di Simas Insurtech (pembelian via online dengan memilih Insurtech (via online purchase by selecting the Complete Package) makes
Paket Lengkap) melakukan klaim dan perlu diinapkan ke bengkel untuk a claim and needs to be taken to a workshop for repairs. Reimbursement
perbaikannya. Penggantian akan diberikan berupa voucher/saldo taxi will be provided in the form of an online taxi voucher/balance with
online dengan besaran yang sudah ditentukan di dalam polis. specified amount set in the policy.
Asuransi Rumah
Home Insurance
Home Insurtech adalah salah satu produk asuransi unggulan dari Asuransi Home Insurtech is one of the featured superior insurance products of
Simas Insurtech, yang dirancang dengan tujuan memberikan jaminan Simas Insurtech Insurance, designed with an aim to provide the most
asuransi terlengkap guna melindungi rumah tinggal anda. complete insurance guarantee to protect your home.
Asuransi Flight Delay
Flight Delay Insurance
Fly Protection adalah asuransi perjalanan yang menjamin keterlambatan Fly Protection is travel insurance guaranteeing travel delays using
perjalanan menggunakan pesawat terbang komersial dan berjadwal tetap, commercial and fixed schedule planes, plus a coverage for risks of death,
beserta dengan jaminan atas risiko meninggal dunia, cacat tetap total, dan total permanent disability and hospital treatment costs due to personal
biaya pengobatan rumah sakit akibat kecelakaan diri. accidents.
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Profil Perusahaan
Company Profile
Asuransi Travel
Travel Insurance
Asuransi Simas Insurtech memiliki 2 produk asuransi Travi, yaitu: Simas Insurtech Insurance has 2 Travi insurance products:
• Simas Insurtech Travel Overseas; dan • Simas Insurtech Travel Overseas; and
• Simas Insurtech Travel Domestic. • Simas Insurtech Travel Domestic.
Asuransi Pet
Pet Insurance
Produk asuransi hewan peliharaan khusus anjing dan kucing yang Specific pet insurance product for dogs and cats guaranteeing death
menjamin manfaat kematian akibat kecelakaan, kehilangan akibat benefit due to accidents, loss to theft, and legal liability to third parties.
pencurian, dan tanggung jawab hukum terhadap pihak ketiga.
Asuransi Kecelakaan Diri
Personal Accident Insurance
Persona Simas Insurtech menanggung risiko kematian, cacat tetap Persona Simas Insurtech covers the risk of death, total permanent
keseluruhan dan cacat tetap sebagian, serta biaya perawatan akibat disability and partial permanent disability, as well as the treatment costs
kecelakaan. from an accident.
Asuransi Mudik
Homeward-Bound Insurance
Mudik Insurtech adalah asuransi kecelakaan diri yang menjamin Mudik Insurtech is personal accident insurance guaranteeing homeward-
perjalanan mudik dengan menggunakan angkutan umum resmi (pesawat, bound travel on official public transportation (planes, ships, trains, and
kapal laut, kereta api, dan bus) serta kendaraan pribadi seperti minibus, buses) as well as private vehicles such as minibus, sedan, and the like.
sedan, dan sejenisnya.
Mikro Perjalanan
Micro Travel
• Asuransi Mikro Warisanku • Asuransi Mikro Asuransiku • Asuransi Perjalanan Simasnet
MyInheritance Micro Insurance MyInheritance Micro Insurance Simasnet Travel Insurance
• Asuransi Mikro Rumahku • Asuransi Anti-Bangkrut (SIABANG) - Erupsi • Lion Air Travel Insurance
MyHouse Micro Insurance Anti-Bankruptcy Insurance
• Asuransi Mikro Stop Usaha Erupsi (SIABANG)-Eruption
Stop of Business-Eruption Micro Insurance • Asuransi Anti-Bangkrut (SIABANG)-
• Asuransi Mikro Stop Usaha Gempa Tsunami Gempa Tsunami
Stop of Business-Tsunami Earthquake Anti-Bankruptcy Insurance (SIABANG)-
Micro Insurance Earthquake Tsunami
Kecelakaan Diri Kendaraan Bermotor
Personal Accident Motor Vehicle
• Asuransi Kecelakaan Diri (PA) • Asuransi Kecelakaan Diri Olahraga • Asuransi Simas Net Mobil
Personal Accident Insurance Personal Accident Sports Simas Net Car Insurance
• Asuransi Keterlambatan Penerbangan • Asuransi Tiket • Asuransi Simasnet Mobil TPL/Simasnet
Flight Delay Protection Ticket Protection Mobil TJH
• Asuransi Kecelakaan Diri (PA) Columbia • Asuransi Menyelam TPL Car Simasnet Insurance/TJH
Columbia Personal Accident Insurance Dive Insurance Car Simasnet
• Asuransi Simasnet Mudik • Simas Insurtech Accident Protection (SIAP)/ • Mobil Insurtech
Simasnet Homeward-Bound Insurance Homi Insurtech Car Insurtech
• Asuransi Kecelakaan Diri Teleproteksi • Personal Accident + Covid (Perluasan
Teleprotection Personal Accident Insurance Jaminan)
• Super Shield Personal Accident + Covid (Warranty
• Asuransi Kecelakaan dan Kesehatan atau Extension)
Daily Cash
Personal Accident Daily Cash
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Laporan Tahunan 2025
2025 Annual Report
Aneka Harta Benda
Various Property
• Asuransi Pet Simasnet • Simas Insurtech Heavy Equipment • Asuransi Kebakaran (Flexas) dan Jaminan
Pet Insurance Simasnet • Asuransi Pernikahan Perluasan (Allied Perils)
• Asuransi Pet Simasnet (MODIF) Wedding Insurance Fire and Allied Perils Insurance
Pet Insurance Simasnet (MODIF) • Asuransi Perpanjangan Garansi • Asuransi Gempa Bumi
• Asuransi Moveable All Risk Extended Warranty Insurance Earthquake Insurance
Moveable All Risk Insurance • Asuransi Hewan • Property All Risk & Business Interruption
• Asuransi Sepeda/Asuransi Sepeda Simasnet Pet Insurance • Asuransi Kebakaran (Home Protection)
Bike Insurance/Simasnet Bike Insurance • Travi Insurtech + Covid (Perluasan Jaminan) Fire Insurance (Home Protection)
• Simas Insurtech Personal Cyber Insurance Travi Insurtech + Covid (Warranty Extension) • Hole in One
Pengangkutan Kesehatan
Transportation Health
• Asuransi Tanggung Jawab atau Pengiriman Barang Lion Parcel • Simasnet Sehat Gold
Cargo Liability or Shipment Insurance Lion Parcel
• Marine Cargo Insurance
• Asuransi Tanggung Jawab Pengiriman Barang
Cargo Liability Insurance
Tanggung Gugat Rekayasa Kredit
Liability Engineering Credit
• Return Insurance • Contractor’s All Risk • Asuransi Kredit
• Comprehensive General Liability • Machinery Breakdown Credit Insurance
• Director’s and Officer’s Liability • Asuransi Semua Risiko Pemasangan • Asuransi Kredit (Naik Limit)
• Simas Insurtech Cyber Enterprise Insurance Erection All Risk Insurance Credit Insurance (Limit Top Up)
• Professional Indemnity • Asuransi Kompensasi Tenaga Kerja
• Public Liability Workmen’s Compensation Insurance
• Management Liability
Pengurus Management
Dewan Komisaris Board of Commissioners
Komisaris Utama : Erick Alfonsius Wayong President Commissioner : Erick Alfonsius Wayong
Komisaris Independen : Iman Tjahya Abdulah Independent Commissioner : Iman Tjahya Abdulah
Komisaris Independen : J. Chandra Setiawan Puspito Independent Commissioner : J. Chandra Setiawan Puspito
Direksi Board of Directors
Direktur Utama : Dharmanto Raharjo President Director : Dharmanto Raharjo
Direktur : Yosept Dirgo Director : Yosept Dirgo
Direktur : I Made Yoga Mahardhika Director : I Made Yoga Mahardhika
Kinerja Keuangan
Financial Performance
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Uraian 2025 2024*) 2023*) Description
Posisi Keuangan / Financial Positions
Aset 3,200,269 1,475,511 778,680 Assets
Liabilitas 1,921,431 729,865 295,131 Liabilities
Ekuitas 1,278,838 745,646 483,549 Equity
*) Disajikan kembali. / Restated.
PT Sinar Mas Multiartha Tbk - 127
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Profil Perusahaan
Company Profile
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Uraian 2025 2024*) 2023*) Description
Laba Rugi dan Penghasilan Komprehensif Lain / Profit Loss and Other Comprehensive Income
Pendapatan Usaha 531,627 57,055 309,775 Total Income
Beban Usaha 19,850 14,453 103,098 Expense
Laba Sebelum Pajak 519,374 54,747 207,051 Profit Before Tax
Laba Tahun Berjalan 529,667 67,418 219,728 Profit for the Year
Penghasilan (Rugi) Komprehensif Lain Other Comprehensive Income (Loss) -
926 (5,269) 1,027
Setelah Pajak Net of Tax
Total Penghasilan (Rugi) Komprehensif 530,593 62,149 220,755 Total Comprehensive Income (Loss)
*) Disajikan kembali. / Restated.
Penghargaan dan Sertifikasi
Awards and Certifications
Investortrust Best Insurance 2025
pada Kategori Asuransi Umum (Aset Rp1 Triliun-Rp2 Triliun)
Investortrust Best Insurance 2025
in the General Insurance Category (Assets of Rp1 Trillion-Rp2 Trillion)
Penyelenggara / Organizer:
Investortrust
Tanggal Perolehan / Receipt Date:
25 Juni 2025 / 25 June 2025
National General Insurance Market Leader Awards 2025
Penyelenggara / Organizer:
Media Asuransi
Tanggal Perolehan / Receipt Date:
16 Juli 2025 / 16 July 2025
General Insurance with the Best Gross Premium Growth
Penyelenggara / Organizer:
Infobank
Tanggal Perolehan / Receipt Date:
1 Agustus 2025 / 1 August 2025
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Laporan Tahunan 2025
2025 Annual Report
Best General Insurance 2025
pada Ekuitas Rp500 Miliar-Rp1 Triliun
Best General Insurance 2025
in the Equity Category of Rp500 Billion-Rp1 Trillion
Penyelenggara / Organizer:
Media Asuransi
Tanggal Perolehan / Receipt Date:
12 November 2025 / 12 November 2025
PT Sinar Mas Multiartha Tbk - 129
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Profil Perusahaan
Company Profile
PT Reasuransi Nusantara Makmur
Alamat Kantor Pusat
Head Office Address
Menara Tekno Lt. 5 / 5th Fl.
Jl. Fachruddin No. 19
Jakarta Pusat / Central Jakarta 10250
(021) 291 89977 Ext. 15000
(021) 406 10002
www.nusantarare.com
Profil Perusahaan Company Profile
PT Reasuransi Nusantara Makmur atau Nusantara Re PT Reinsurance Nusantara Makmur or Nusantara Re is
merupakan perusahaan asuransi yang berdiri sejak tahun 2017. an insurance company established in 2017. A part of Sinarmas
Perusahaan yang tergabung dalam Grup Sinarmas Multiartha ini Multiartha Group, the Company has 65 employees who are
memiliki 65 karyawan yang ahli di bidangnya. experts in their fields.
Pada tahun 2025, Perseroan memfokuskan strategi bisnis In 2025, the Company focused its business strategy on
pada penguatan posisi sebagai treaty leader di segmen strengthening its position as a treaty leader in non-life insurance
asuransi non-life, yang tercermin dari perolehan peran segment, as reflected in its role as treaty leader for 18 non-life
sebagai treaty leader pada 18 perusahaan asuransi non-life. insurance companies. Further, the Company also developed
Di samping itu, Perseroan juga mengembangkan bisnis the life reinsurance business, which has significant growth
reasuransi life yang memiliki potensi pertumbuhan besar, serta potential, as well as strengthening the development of its sharia
memperkuat pengembangan bisnis syariah sejalan dengan business, following the planned spin-off of sharia unit in 2026.
rencana pelaksanaan spin off unit syariah pada tahun 2026.
Produk Products
• Treaty • Treaty
• Facultative • Facultative
Pengurus Management
Dewan Komisaris Board of Commissioners
Komisaris Utama : I Ketut Pasek Swastika President Commissioner : I Ketut Pasek Swastika
Komisaris Independen : Mohammad Shaifie Zein Independent Commissioner : Mohammad Shaifie Zein
Komisaris Independen : Rizal Novandi Independent Commissioner : Rizal Novandi
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Laporan Tahunan 2025
2025 Annual Report
Direksi Board of Directors
Direktur Utama : Eka Priadi Wongso President Director : Eka Priadi Wongso
Direktur Kepatuhan : Himawan Yustiono Director Compliance : Himawan Yustiono
Direktur : Nandina Cakradinata Director : Nandina Cakradinata
Dewan Pengawas Syariah Sharia Supervisory Board
Ketua : Luqyan Tamanni Chairman : Luqyan Tamanni
Anggota : Muhammad Fahri Farid Member : Muhammad Fahri Farid
Kinerja Keuangan
Financial Performance
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Uraian 2025 2024 2023 Description
Posisi Keuangan / Financial Positions
Aset 3,808,913 3,330,003 3,146,744 Assets
Liabilitas 2,689,110 2,403,428 2,453,417 Liabilities
Ekuitas 1,119,803 926,574 693,327 Equity
Laba Rugi dan Penghasilan Komprehensif Lain / Profit Loss and Other Comprehensive Income
Pendapatan Usaha 254,282 354,393 155,158 Total Income
Beban Usaha 89,090 (56,003) 51,995 Expense
Laba Sebelum Pajak 168,402 289,571 103,164 Profit Before Tax
Laba Bersih Tahun Berjalan 193,228 247,990 90,815 Profit for the Year
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Profil Perusahaan
Company Profile
Penghargaan dan Sertifikasi
Awards and Certifications
APPARINDO Awards 2025
Category Reinsurance
Penyelenggara / Organizer:
Asosiasi Perusahaan Pialang Asuransi dan Reasuransi Indonesia (APPARINDO) /
Indonesian Insurance and Reinsurance Broker Association (APPARINDO)
Tanggal Perolehan / Receipt Date:
31 Oktober 2025 / 31 October 2025
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Profil Perusahaan
Company Profile
PT Sinar Mas Multifinance
Alamat Kantor Pusat
Head Office Address
Jl. Lombok No. 71
Jakarta 10350
(021) 3190 2888
(021) 3190 3589
cs@simasfinance.co.id
www.simasfinance.co.id
Profil Perusahaan Company Profile
PT Sinar Mas Multifinance didirikan 7 September 1985 dengan PT Sinar Mas Multifinance was established on 7 September 1985
nama PT Sinar Supra Leasing Company. Perusahaan melakukan under the name of PT Sinar Supra Leasing Company.
perubahan nama menjadi PT Sinar Mas Multifinance setelah The Company changed its name to PT Sinar Mas Multifinance
diakuisisi PT Sinar Mas Multiartha Tbk pada 2 Februari 1996. after it was acquired by PT Sinar Mas Multiartha Tbk on
Berdasarkan Anggaran Dasar, maksud dan tujuan Perseroan 2 February 1996. Based on the Articles of Association,
adalah berusaha dalam bidang lembaga pembiayaan berupa the purpose and objective of the Company are to engage in
sewa guna usaha, anjak piutang, dan pembiayaan konsumen. financing such as leasing, factoring, and consumer financing.
Hingga akhir tahun 2025, perusahaan telah memiliki 111 kantor As of the end of 2025, the company had 111 branch offices
cabang, 280 outlet, serta didukung oleh 1.917 karyawan yang andal and 280 outlets, supported by 1,917 reliable and competent
dan kompeten. employees.
Dalam rangka mendukung pertumbuhan usaha dan menjawab In supporting its business growth and respond to the ever-
kebutuhan pasar yang terus berkembang, Perseroan terus increasing market needs, the Company continues to drive
mendorong transformasi digital serta peningkatan kualitas digital transformation and enhance operational quality. Ever
operasional. Sejak diluncurkan pada tahun 2023, aplikasi GARASI since its launch in 2023, the GARASI Dealer application has
Dealer telah menjadi salah satu inisiatif strategis dalam memperluas been one of the strategic initiatives in expanding the financing
akses pembiayaan jual beli mobil bekas. Aplikasi ini dirancang access used car transactions. This application is designed as
sebagai solusi terintegrasi bagi dealer mitra dan calon pembeli, an integrated solution for partner dealers and prospective
dengan fitur-fitur unggulan, seperti penyesuaian harga, pemantauan buyers, featuring key capabilities such as price customization,
status aplikasi secara real-time, persetujuan pinjaman instan, real-time application status tracking, instant loan
simulasi perhitungan kredit, dan pengelolaan dokumen digital. approval, credit simulation, and digital document management.
Di sisi lain, perusahaan juga terus memperkuat kualitas On the other hand, the company continues to strengthen
operasional melalui strategi peningkatan produktivitas operational quality through strategies to enhance collection
penagihan. Langkah ini dilakukan melalui pelatihan berkelanjutan productivity. This initiative is carried out through continuous
kepada sumber daya manusia serta evaluasi menyeluruh atas training for human resources and comprehensive evaluations
efektivitas penanganan pembiayaan bermasalah. Upaya ini of the effectiveness of non-performing financing management.
menjadi bagian dari komitmen Perseroan untuk menjaga These efforts form part of the Company’s commitment to
kualitas portofolio dan memperkuat daya saing di tengah maintaining portfolio quality and strengthening competitiveness
dinamika industri pembiayaan. amid the dynamics of the financing industry.
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Laporan Tahunan 2025
2025 Annual Report
Produk Products
Berdasarkan Anggaran Dasar, produk yang ditawarkan Based on the Article of Association, products offered by
perusahaan terbagi ke dalam beberapa kategori berikut. the company can be divided into the following category.
1. Pembiayaan Multiguna 1. Multi-purpose Financing
a. Pembiayaan untuk pembelian kendaraan roda empat, baik a. Financing to buy cars, either used or new, by paying
bekas maupun baru, dengan pembayaran secara angsuran. in instalments.
b. Fasilitas dana dengan agunan Buku Kepemilikan b. Funding facilities by using the Vehicle Ownership
Kendaraan Bermotor (BPKB). Document (BPKB) as collateral.
2. Pembiayaan Modal Kerja 2. Working Capital Financing
Anjak piutang dengan pemberian jaminan dari pemberi Factoring with recourse from the assignor of receivables.
penjual piutang (factoring with recourse).
3. Pembiayaan Investasi 3. Investment Financing
Pembiayaan investasi dengan skema sewa pembiayaan. Investment financing with finance lease scheme.
4. Pembiayaan Syariah 4. Sharia Financing
Pembiayaan jasa syariah yang ditujukan untuk pembiayaan Sharia financing service intended to finance Hajj pilgrimage
perjalanan ibadah Haji dan kendaraan roda empat, khususnya and cars, particularly in Aceh Province.
Provinsi Aceh.
Pengurus Management
Dewan Komisaris Board of Commissioners
Komisaris Utama : Indra Widjaja President Commissioner : Indra Widjaja
Komisaris : Loa Johny Mailoa Commissioner : Loa Johny Mailoa
Komisaris Independen : Mulabasa Hutabarat Independent Commissioner : Mulabasa Hutabarat
Komisaris Independen : Eko Nugroho Tjahjadi Independent Commissioner : Eko Nugroho Tjahjadi
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Profil Perusahaan
Company Profile
Direksi Board of Directors
Direktur Utama : Rosalina Dhanudimuljo President Director : Rosalina Dhanudimuljo
Direktur : Henry Ricardo Liasnawi Director : Henry Ricardo Liasnawi
Direktur : Ricky Faerus Director : Ricky Faerus
Direktur : Robby Tricahyo Wibowo Director : Robby Tricahyo Wibowo
Kinerja Keuangan
Financial Performance
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Uraian 2025 2024 2023 Description
Posisi Keuangan / Financial Positions
Aset 7,650,547 6,227,856 6,436,265 Assets
Liabilitas 5,590,994 5,076,737 5,129,639 Liabilities
Ekuitas 2,059,553 1,151,119 1,306,626 Equity
Laba Rugi dan Penghasilan Komprehensif Lain Konsolidasian / Consolidated Profit Loss and Other Comprehensive Income
Total Pendapatan 1,361,821 4,690,122 3,368,784 Total Income
Total Beban 829,753 5,275,723 3,727,383 Total Expenses
(Rugi) Laba Sebelum Pajak 532,068 (585,601) (358,599) (Loss) Profit Before Tax
Laba (Rugi) Bersih 519,965 (550,769) (349,065) Net Profit (Loss)
Total Penghasilan (Rugi) Komprehensif Lain 165 (4,738) (30,202) Total Other Comprehensive Income (Loss)
Total Penghasilan (Rugi) Komprehensif 520,131 (555,769) (379,267) Total Comprehensive Income (Lost)
Peristiwa Penting
Significant Events
19 Juni 2025 / 19 June 2025
Perusahaan mengadakan Rapat Umum Pemegang Saham The Company held the Annual General Meeting of Shareholders
(RUPS) Tahunan berdasarkan Akta Pernyataan Keputusan (GMS) based on the Deed of Statement of Meeting Resolutions
Rapat PT Sinar Mas Multifinance No. 1705 tanggal 19 Juni 2025. of PT Sinar Mas Multifinance No. 1705 dated 19 June 2025.
15 September 2025 / 15 September 2025
Perusahaan merayakan hari jadinya yang ke-40 di Plaza Simas ASM, Jakarta dengan
mengusung tagar #SemuaBisa sebagai simbol semangat kebersamaan dan optimisme
menatap masa depan. Dalam sambutannya, Direktur Utama Ibu Rosalina Dhanudimuljo
menyampaikan apresiasi atas ketangguhan Perseroan yang mampu melewati berbagai
krisis sejak 1985 hingga kini, serta mengajak seluruh karyawan bersinergi demi mencapai
profitabilitas berkelanjutan. Perayaan ini dihadiri langsung oleh karyawan Kantor Pusat
Non-Operasional dan disaksikan secara daring oleh ratusan karyawan cabang, serta turut
dihadiri perwakilan sister company sebagai bentuk dukungan dan sinergi. Rangkaian acara
meliputi foto bersama, pemotongan kue, makan malam, hiburan musik, serta pemberian penghargaan kepada pemenang berbagai
lomba internal yang diselenggarakan untuk memeriahkan peringatan hari jadi Perseroan.
The Company celebrated its 40th anniversary at Plaza Simas ASM, Jakarta, with hashtag #SemuaBisa as a symbol of togetherness and
optimism to face the future. In her remarks, President Director Mrs. Rosalina Dhanudimuljo expressed appreciation for the Company’s
resilience in navigating various crises since 1985 until now, and encouraged all employees to synergize in achieving sustainable
profitability. The celebration was attended physically by employees of Non-Operational Head Office and virtually by hundreds
of employees from branch offices, as well as representatives from sister company as a form of support and synergy. Agendas of
the event included group photo session, cake cutting, dinner, musical entertainment, and presentation of awards to the winners of
various internal competitions organized to enliven the Company’s anniversary celebration.
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Laporan Tahunan 2025
2025 Annual Report
3-4 Oktober 2025 / 3-4 October 2025
Perusahaan berpartisipasi dalam Sinar Mas Digital Day 2025, ajang tahunan yang
mempertemukan seluruh pilar bisnis Sinar Mas Group dalam rangka mempercepat
transformasi digital, bertepatan dengan peringatan 87 tahun Sinar Mas yang mengusung
tema “Together We Go Far, Fast, Towards Infinite Future”. Kegiatan yang berlangsung selama
2 hari di ICE BSD ini menghadirkan berbagai sesi dan pameran inovasi, di mana Perseroan
melalui Sinar Mas Multifinance memperkenalkan fitur Carmatch pada aplikasi Simfast yang
membantu mencocokkan pendapatan bulanan dengan pilihan kendaraan sesuai anggaran,
serta membuka uji coba langsung yang diikuti lebih dari 150 pengunjung, sebagai wujud
komitmen dalam menghadirkan solusi pembiayaan yang lebih modern, cepat, mudah, dan transparan.
The Company participated in Sinar Mas Digital Day 2025, an annual event that brings together all business pillars of the Sinar Mas
Group in order to accelerate digital transformation, held in conjunction with the 87th anniversary of Sinar Mas with the theme “Together
We Go Far, Fast, Towards Infinite Future”. The 2 days event held at ICE BSD featured various sessions and innovation exhibitions,
where the Company, through Sinar Mas Multifinance, introduced the Carmatch feature in the Simfast application, which helps match
monthly income with vehicle options according to budget, and also conducted live trials attended by more than 150 visitors, as
a manifestation of its commitment to providing financing solutions that are more modern, fast, easy, and transparent.
10-12 Oktober 2025 / 10-12 October 2025
Perusahaan melaksanakan kegiatan edukasi dan literasi keuangan kepada masyarakat
dengan berpartisipasi dalam acara “Multifinance Day 2025” yang diselenggarakan oleh
Asosiasi Perusahaan Pembiayaan Indonesia (APPI) di Atrium 3 Manado Town Square,
Manado, Sulawesi Utara, dalam rangka Bulan Inklusi Keuangan 2025.
The Company held public financial education and literacy activities by participating in the
“Multifinance Day 2025” event, organized by Indonesian Financing Companies Association
(APPI) at Atrium 3, Manado Town Square, Manado, North Sulawesi, as part of Financial
Inclusion Month 2025.
11-13 Desember 2025 / 11-13 December 2025
Perusahaan menyelenggarakan kegiatan Management Camp di Bandung, Jawa Barat, yang
diikuti oleh sekitar 56 peserta dari jajaran Department Head dan manajemen senior. Kegiatan
ini bertujuan memperkuat sinergi antar pimpinan unit kerja melalui sesi meeting, internal
sharing terkait perkembangan kinerja dan arah bisnis ke depan, serta kegiatan team building.
Rangkaian kegiatan ditutup dengan program CSR Amazing Race yang melibatkan kunjungan
ke beberapa panti asuhan di wilayah Bandung.
The Company held a Management Camp in Bandung, West Java, attended by around 56
participants from Department Head level and senior management. The activity aimed to
strengthen synergy among leaders of work units through meeting sessions, internal sharing on performance development and future
business direction, as well as team-building activities. The series of events were wrapped up with CSR Amazing Race program, which
consists of visits to several orphanages in Bandung area.
PT Sinar Mas Multiartha Tbk - 137
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Profil Perusahaan
Company Profile
PT AB Sinar Mas Multifinance
Alamat Kantor Pusat
Head Office Address
Menara Tekno Lt. 7 / 7th Fl.
Jl. Fachruddin No. 19
Jakarta Pusat / Central Jakarta 10250
(021) 392 5660
(021) 392 5788
corporate@absimasfinance.co.id
www.absimasfinance.co.id
Profil Perusahaan Company Profile
PT AB Sinar Mas Multifinance merupakan Entitas Anak PT AB Sinar Mas Multifinance is the Subsidiary of PT Sinar Mas
PT Sinar Mas Multiartha Tbk yang bergerak dalam bidang Multiartha Tbk that operates in financing, particularly leasing
pembiayaan, terutama dalam bidang sewa guna usaha dan and factoring with corporate customer as its market segment.
anjak piutang dengan segmen pasar nasabah korporasi. AB AB Sinar Mas Multifinance consistently carries out various
Sinar Mas Multifinance secara konsisten melakukan berbagai business development and sets up various business strategies,
pengembangan usaha dan menyusun berbagai strategi usaha, mainly to face competition in the financing industry amid
khususnya dalam menghadapi persaingan di industri pembiayaan the advancement of technology, one of which through
di tengah kemajuan teknologi, salah satunya melalui strategi the cross-selling strategy, by having sales among companies
cross selling, yaitu melakukan penjualan antarperusahaan within Sinar Mas business group. With the support and hard
dalam satu grup usaha Sinar Mas. Melalui dukungan dan kerja work of 27 employees, AB Sinar Mas Multifinance continues its
keras 27 karyawan, AB Sinar Mas Multifinance terus tumbuh positive growth and able to increase its operating income.
positif dan dapat menciptakan kenaikan pendapatan usaha.
Produk Products
AB Sinar Mas Multifinance menyediakan beberapa produk yang Outlined below are the list of products AB Sinar Mas Multifinance
dibutuhkan nasabah korporasi, yaitu: offers to its corporate customers:
1. Pembiayaan Multiguna 1. Multi-purpose Financing
a. Pembiayaan untuk pembelian kendaraan roda empat, a. Financing to buy cars, either used or new, by paying in
baik bekas maupun baru, dengan pembayaran secara instalments.
angsuran.
b. Fasilitas dana dengan agunan Buku Kepemilikan b. Funding facilities by using the Vehicle Ownership
Kendaraan Bermotor (BPKB). Document (BPKB) as collateral.
2. Pembiayaan Modal Kerja 2. Working Capital Financing
Anjak piutang dengan pemberian jaminan dari pemberi Factoring with recourse is an agreement of which the client
penjual piutang (factoring with recourse). must repurchase unpaid receivables from the factor.
3. Pembiayaan Investasi 3. Investment Financing
Pembiayaan investasi dengan skema sewa pembiayaan. Investment financing with finance lease scheme.
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Laporan Tahunan 2025
2025 Annual Report
4. Pembiayaan Syariah 4. Sharia Financing
Pembiayaan jasa syariah yang ditujukan untuk pembiayaan Sharia financing service intended to finance Hajj pilgrimage
perjalanan ibadah haji dan kendaraan roda empat. and cars.
Pengurus Management
Dewan Komisaris Board of Commissioners
Komisaris Utama : Indra Widjaja President Commissioner : Indra Widjaja
Komisaris : Felix Commissioner : Felix
Komisaris Independen : Herry Hermana S Independent Commissioner : Herry Hermana S
Direksi Board of Directors
Direktur Utama : Edy Tjandra President Director : Edy Tjandra
Direktur : Andri Bachtiar Director : Andri Bachtiar
Kinerja Keuangan
Financial Performance
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Uraian 2025 2024 2023 Description
Posisi Keuangan / Financial Positions
Aset 923,007 1,172,074 1,491,529 Assets
Liabilitas 230,963 520,481 880,755 Liabilities
Ekuitas 692,044 651,593 610,774 Equity
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Profil Perusahaan
Company Profile
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Uraian 2025 2024 2023 Description
Laba Rugi dan Penghasilan Komprehensif Lain / Profit Loss and Other Comprehensive Income
Total Pendapatan 139,323 136,934 228,189 Total Income
Total Beban 89,150 86,258 195,051 Total Expense
Laba Sebelum Pajak 50,173 50,675 33,138 Profit Before Tax
Laba Tahun Berjalan 40,432 40,837 25,043 Profit for the Year
Total Penghasilan (Rugi) Komprehensif Lain 19 (18) (221) Total Other Comprehensive Income (Loss)
Total Penghasilan Komprehensif 40,451 40,819 24,822 Total Comprehensive Income
Peristiwa Penting
Significant Events
AB Simas Finance Turut Serta dalam Multifinance Day 2025.
AB Simas Finance Participated in Multifinance Day 2025.
Penghargaan dan Sertifikasi
Awards and Certifications
Perusahaan Multifinance dengan Kinerja Keuangan “Sangat Bagus” periode 2023-2024
Multifinance Company with “Very Good” Financial Performance, 2023-2024 period
Penyelenggara / Organizer:
Infobank
21st Multifinance Award 2025
The Excellent Performance Multifinance Company (Asset Class IDR1 Trillion
to < IDR5 Trillion)
Penyelenggara / Organizer:
Infobank
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Laporan Tahunan 2025
2025 Annual Report
21st Multifinance Award 2025
Multifinance Company with Consistent Excellent Performance
for 5 Consecutive Years (2020-2024)
Penyelenggara / Organizer:
Infobank
The Most Promising Multifinance 2025 - Based on Financial
Performance 2022-2024 - Multifinance Company Category
with Assets Rp1 Trillion Less Than Rp2,5 Trillion
Penyelenggara / Organizer:
The Finance
Tanggal Perolehan / Receipt Date:
28 Oktober 2025 / 28 October 2025
PT Sinar Mas Multiartha Tbk - 141
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Profil Perusahaan
Company Profile
PT Sinarmas Sekuritas
Alamat Kantor Pusat
Head Office Address
Sinar Mas Land Plaza
Tower III Lt. 5-6 / 5th-6th Fl.
Jl. MH Thamrin No. 51
Jakarta 10350
(021) 5050 7000
(021) 392 5540/392 7177
cs@sinarmassekuritas.co.id
www.sinarmassekuritas.co.id
Profil Perusahaan Company Profile
PT Sinarmas Sekuritas didirikan tahun 1988 dengan nama PT Sinarmas Sekuritas was established in 1998 under the name
PT Sinarmas Ekagraha Money Changer yang bergerak dalam of PT Sinarmas Ekagraha Money Changer that operates in
bidang perdagangan valuta asing, traveler’s cheque, dan foreign exchange trading, traveler’s cheque, and other foreign
surat-surat berharga lainnya dalam valuta asing. PT Sinarmas currency securities. In 1989 PT Sinarmas Ekagraha Money
Ekagraha Money Changer mengalami 2 kali pergantian nama, Changer changed its name to PT Sinarmas Ekagraha, then in
pertama tahun 1989 menjadi PT Sinarmas Ekagraha, dan kedua 1995 the Company changed its name to PT Sinarmas Sekuritas
tahun 1995 menjadi PT Sinarmas Sekuritas hingga saat ini. Pada until now. In 2025, Sinarmas Sekuritas has 22 branch offices all
tahun 2025, Sinarmas Sekuritas memiliki 22 kantor cabang over Indonesia and backed by 213 employees, offering several
di seluruh Indonesia serta didukung 213 karyawan, dengan flagship products such as brokerage services, corporate finance
beberapa produk unggulan seperti brokerage service, corporate (including fixed income broker services), investment galleries,
finance (termasuk fixed income broker service), galeri investasi, and mutual fund selling agent (APERD) services.
dan layanan agen penjual efek reksa dana (APERD).
Produk
Products
Retail
Mass Retail High Net Worth Individual (HNWI)
• Digital Equity Product Initiative & Management • Relationship Manager
• Mutual Funds • Other Retail Service
• Market Research
• Digital Marketing
• Distribution
• Operations Control
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Laporan Tahunan 2025
2025 Annual Report
Institusi
Institution
• Equity Capital Market (Brokerage) • Equity Research & Strategy
• Investment Banking Capital Service • Fixed Income Research
• Equity Sales & Dealing • Economic Research
• Fixed Income
SimInvest
SimInvest Desktop SimInvest Desktop
Aplikasi perdagangan ekuitas daring yang memungkinkan nasabah An online equity trading application that allows the customers to make
melakukan transaksi jual beli saham tanpa melalui sales/broker, stock trading transactions without going through sales/brokers, directly
memantau langsung perkembangan harga saham, serta mendapatkan monitor stock price developments, and to get the latest information
informasi terkini mengenai transaksi saham dengan lebih cepat, akurat, on stock transactions on the desktop in a quick, accurate, and flexible
dan fleksibel di desktop. Dilengkapi sistem enkripsi secured socket layer manner. It is equipped with a secured socket layer (SSL) encryption
(SSL), seperti yang digunakan pada internet banking, nasabah dapat system, as used in internet banking, the customers can carry out real-time
melaksanakan transaksi saham secara real-time dengan aman melalui stock transactions safely via computers anywhere and anytime.
komputer di mana saja dan kapan saja.
SimInvest Mobile SimInvest Mobile
Aplikasi gratis yang memungkinkan nasabah melakukan transaksi jual beli A free application that allows the customers to make stock trading
saham dan memantau harga saham di mana saja dan kapan saja melalui transactions and monitor stock prices anywhere and anytime via a
smartphone. Untuk membantu nasabah mengambil keputusan yang tepat smartphone. In order to help customers, to make the right decisions in
dalam transaksi saham, aplikasi ini juga menampilkan hasil riset Tim Riset stock transactions, this application also displays the research results of
Sinarmas Sekuritas, dan berita terkini. the Sinarmas Sekuritas Research Team, and the latest news.
SimInvestLab
Platform belajar investasi saham secara garis (dalam bentuk video Free stock investment learning platform (in the form of learning videos and
pembelajaran dan kuis) yang dapat diakses oleh seluruh investor. quizzed) that can be accessed by all investors.
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Profil Perusahaan
Company Profile
SimInvestival
SimInvestival adalah program edukasi dan literasi seputar pengaturan SimInvestival is an education and literacy program on financial management
keuangan dan investasi yang dikemas dalam bentuk acara seminar talk and investment, presented in the form of seminar talk show events
show secara online dan offline, menyasar anak muda sebagai calon-calon held both online and offline, targeting young people as potential smart
smart investor masa kini. SimInvestival menggandeng mitra-mitra terbaik investors of today. SimInvestival collaborates with leading partners
untuk menghadirkan acara edukasi yang sesuai dan menyenangkan serta to deliver educational events that are engaging, relevant, and beneficial
bermanfaat bagi semua orang. for everyone.
Target Peserta: Target Participants:
Anak muda usia 18-30 tahun dari berbagai universitas, pengusaha muda, Young people of 18-30 years old from various universities, young
influencer, serta komunitas di Indonesia. entrepreneurs, influencers, and communities in Indonesia.
Tujuan: Objectives:
• Memberikan edukasi seputar investasi dan bisnis untuk anak muda; • Provide education on investment and business for youngster;
• Sarana diskusi dan bertukar informasi antara pengusaha muda; dan • A platform for discussion and information exchange among young
entrepreneurs; and
• Memotivasi anak muda untuk memanfaatkan peluang bisnis dan • Motivate the youngster to utilize business and investment opportunities
investasi secara digital. digitally.
Pengurus Management
Dewan Komisaris Board of Commissioners
Komisaris Independen : Sungkana Independent Commissioner : Sungkana
Direksi Board of Directors
Direktur Utama : Rudy Utomo President Director : Rudy Utomo
Direktur : Kie Kie Director : Kie Kie
Direktur : Julius Sanjaya Director : Julius Sanjaya
Kinerja Keuangan
Financial Performance
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Uraian 2025 2024 2023 Description
Posisi Keuangan / Financial Positions
Aset 2,149,394 2,053,345 2,089,304 Assets
Liabilitas 614,569 398,968 501,249 Liabilities
Ekuitas 1,534,825 1,654,377 1,588,055 Equity
Laba Rugi dan Penghasilan Komprehensif Lain / Profit Loss and Other Comprehensive Income
Pendapatan Usaha 613,145 574,963 614,700 Operating Income
Beban Usaha 297,189 325,197 289,451 Operating Expense
Laba Sebelum Pajak 342,802 328,371 365,029 Profit Before Tax
Beban Pajak 61,620 70,833 74,853 Tax Expense
Laba Tahun Berjalan 281,181 257,538 290,176 Profit for the Year
Total Penghasilan Komprehensif Lain - Total Other Comprehensive Loss -
(689) (1,212) (2,677)
Bersih Setelah Pajak Net of Tax
Total Penghasilan Komprehensif 280,492 256,325 287,499 Total Comprehensive Income
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Laporan Tahunan 2025
2025 Annual Report
Peristiwa Penting
Significant Events
16 Januari 2025 2 Februari 2025 5 Mei 2025
16 January 2025 2 February 2025 5 May 2025
Event Booth SimInvest di Stasiun MRT Grand Opening Digital Branch Mangga Grand Opening Digital Branch Kelapa
Bundaran HI. Dua. Gading.
Event Booth SimInvest at MRT Station Grand Opening Digital Branch Mangga Grand Opening Digital Branch Kelapa
Bundaran HI. Dua. Gading.
8 September 2025 12 September 2025 7 November 2025
8 September 2025 12 September 2025 7 November 2025
Grand Opening Galvest di Universitas IPB. Grand Opening Galvest di Universitas Company Visit IPB University.
Grand Opening Galvest at Universitas IPB. Diponegoro (Undip). Company Visit IPB University.
Grand Opening Galvest at Universitas
Diponegoro (Undip).
13 November 2025
13 November 2025
Company Visit UNDIP.
Company Visit UNDIP.
PT Sinar Mas Multiartha Tbk - 145
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Profil Perusahaan
Company Profile
PT Sinarmas Asset Management
Alamat Kantor Pusat
Head Office Address
Sinar Mas Land Plaza
Tower III Lt. 7 / 7th Fl.
Jl. MH Thamrin No. 51
Jakarta 10350
(021) 5050 7000
(021) 392 5540/392 7177
Profil Perusahaan Company Profile
PT Sinarmas Asset Management merupakan Entitas Anak PT Sinarmas Asset Management is the Subsidiary of PT Sinar
PT Sinar Mas Multiartha Tbk yang melakukan kegiatan Mas Multiartha Tbk engaging in securities management. Until
pengelolaan usaha sekuritas. Hingga akhir tahun 2025, the end of 2025, Sinarmas Asset Management has opened
Sinarmas Asset Management telah membuka 22 kantor cabang 22 branch offices in several Indonesia cities.
di beberapa kota di Indonesia.
Sinarmas Asset Management juga menjamin dapat memberikan Sinarmas Asset Management also ensures excellent service
pelayanan prima kepada seluruh nasabah karena didukung oleh for all customers, supported by 119 professional and qualified
119 karyawan yang profesional dan berkualitas. employees.
Dalam mendukung kegiatan usaha perusahaan, terutama untuk To support the company’s business, particularly mutual fund
pemasaran produk reksa dana, Sinarmas Asset Management marketing, Sinarmas Asset Management has collaborated with
telah menjalin kerja sama dengan 542 agen, di antaranya: 542 agents, namely:
1. PT Sinarmas Sekuritas; 1. PT Sinarmas Sekuritas;
2. PT Bank Sinarmas Tbk; 2. PT Bank Sinarmas Tbk;
3. PT Indo Premier (IPOT); 3. PT Indo Premier (IPOT);
4. PT Bareksa Portal Investama; 4. PT Bareksa Portal Investama;
5. PT Invesnow Principal Optima; 5. PT Invesnow Principal Optima;
6. PT Trimegah; 6. PT Trimegah;
7. PT Mandiri Sekuritas; 7. PT Mandiri Sekuritas;
8. PT Mirae Asset Sekuritas; 8. PT Mirae Asset Sekuritas;
9. PT BNI Sekuritas; 9. PT BNI Sekuritas;
10. PT Aldiracita Sekuritas Indonesia; 10. PT Aldiracita Sekuritas Indonesia;
11. PT Mega Capital; 11. PT Mega Capital;
12. PT Takjub Teknologi Indonesia (Ajaib); 12. PT Takjub Teknologi Indonesia (Ajaib);
13. PT NH Korindo Sekuritas Indonesia; 13. PT NH Korindo Sekuritas Indonesia;
14. PT Bibit Tumbuh Bersama; 14. PT Bibit Tumbuh Bersama;
15. PT MNC Sekuritas; 15. PT MNC Sekuritas;
16. PT Supermarket Reksa Dana (SMARD); 16. PT Supermarket Reksa Dana (SMARD);
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Laporan Tahunan 2025
2025 Annual Report
17. PT Bank BJB; 17. PT Bank BJB;
18. PT Philip Sekuritas; 18. PT Philip Sekuritas;
19. PT Trust Sekuritas; 19. PT Trust Sekuritas;
20. PT Surya Fajar Sekuritas; 20. PT Surya Fajar Sekuritas;
21. PT BRI Danareksa Sekuritas; 21. PT BRI Danareksa Sekuritas;
22. PT Inovasi Finansial Teknologi; 22. PT Inovasi Finansial Teknologi;
23. PT Womanway Investasi Indonesia; dan 23. PT Womanway Investasi Indonesia; and
24. PT Xdana Investa Indonesia. 24. PT Xdana Investa Indonesia.
Produk Products
Selama tahun 2025, Sinarmas Asset Management telah Throughout 2025, Sinarmas Asset Management has offered
menawarkan berbagai produk dan mengelola dana nasabah, various products and managed customer fund, as detailed
yang dirinci sebagai berikut. below.
Produk Reksa Dana Tanggal Efektif OJK Total Dana (miliar Rupiah)
Mutual Fund Products OJK Effective Date Total Fund (billion Rupiah)
Reksa Dana Pasar Uang / Money Market Mutual Fund
10 Agustus 2001
Danamas Rupiah 20.00
10 August 2001
9 Juni 2006
Danamas Rupiah Plus 2,771.81
9 June 2006
26 Juli 2019
Simas Pasar Uang Indonesia 10.21
26 July 2019
7 Januari 2022
Simas Kas Syariah 10.52
7 January 2022
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Profil Perusahaan
Company Profile
Produk Reksa Dana Tanggal Efektif OJK Total Dana (miliar Rupiah)
Mutual Fund Products OJK Effective Date Total Fund (billion Rupiah)
28 Oktober 2022
Simas Kas Prima 13.95
28 October 2022
15 Februari 2023
Simas Kas Maksima 9.99
15 February 2023
Reksa Dana Pendapatan Tetap / Fixed Income Mutual Fund
11 Mei 2004
Danamas Dollar*) 1,947.95
11 May 2004
24 April 2003
Danamas Pasti 1,257.68
24 April 2003
24 Februari 2005
Danamas Stabil 16,010.21
24 February 2005
24 September 2007
Simas Danamas Instrumen Negara 191.79
24 September 2007
24 September 2007
Simas Danamas Mantap Plus 152.47
24 September 2007
9 November 2016
Simas Pendapatan Tetap Prestasi 6.95
9 November 2016
8 Februari 2017
Simas Syariah Pendapatan Tetap 101.73
8 February 2017
28 April 2017
Simas Pendapatan Tetap Andalan 20.13
28 April 2017
3 Mei 2017
Pendapatan Tetap Sinarmas Hidup Sejahtera 1,121.97
3 May 2017
23 Agustus 2022
Simas Pendapatan Optima 2,861.82
23 August 2022
28 Oktober 2022
Simas Pendapatan Berkembang 11.54
28 October 2022
31 Juli 2023
Syariah Simas Income Syariah 50.30
31 July 2023
Reksa Dana Campuran / Balanced Mutual Fund
28 Maret 2005
Danamas Fleksi 30.78
28 March 2005
11 Desember 2012
Simas Satu Prima 15.39
11 December 2012
22 Juli 2014
Simas Syariah Berkembang 1.58
22 July 2014
22 Desember 2000
Simas Satu 63.08
22 December 2000
30 Oktober 2017
Syariah Simas Balance Syariah 0.11
30 October 2017
Reksa Dana Saham / Equity Mutual Fund
11 Desember 2012
Simas Saham Unggulan 634.81
11 December 2012
22 Juli 2014
Simas Syariah Unggulan 67.67
22 July 2014
24 September 2007
Simas Danamas Saham 128.44
24 September 2007
11 Agustus 2015
Simas Saham Bertumbuh 14.95
11 August 2015
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Laporan Tahunan 2025
2025 Annual Report
Produk Reksa Dana Tanggal Efektif OJK Total Dana (miliar Rupiah)
Mutual Fund Products OJK Effective Date Total Fund (billion Rupiah)
2 September 2016
Simas Saham Maksima 27.01
2 September 2016
18 Agustus 2017
Simas Dana Ekuitas 106.21
18 August 2017
2 April 2018
Simas Saham Gemilang 0.00
2 April 2018
Reksa Dana Indeks / Index Mutual Fund
2 April 2018
Indeks Simas Sri Kehati 28.93
2 April 2018
Exchange-Traded Funds
29 Agustus 2018
Indeks Simas ETF IDX30 13.41
29 August 2018
3 September 2019
Syariah Indeks Simas ETF JII 12.97
3 September 2019
Dana Investasi Real Estat (DIRE) / Real Estate Investment Fund (DIRE)
25 September 2028
Dire Simas Plaza Indonesia 9,699.08
25 September 2028
Kontrak Pengelolaan Dana
Fund Management Contract
55 Kontrak Pengelolaan Dana
24,982.52
55 Fund Management Contract
Total 62,397.96
*) Kurs tengah Bank Indonesia per 30 Desember 2025: Rp16.782,-. / Bank Indonesia Middle Rate as of 30 December 2025: Rp16,782.
Pada tahun 2025, total dana kelolaan reksa dana dan kontrak In 2025, total mutual fund and fund management contract
pengelolaan dana tercatat sebesar Rp62,40 triliun. Untuk amounted to Rp62.40 trillion. To facilitate an investment
memberikan pengalaman investasi yang mudah bagi nasabah, experience for customers, Sinarmas Asset Management offers
Sinarmas Asset Management menawarkan berbagai pilihan a various choice in investment program or mutual fund, listed
program investasi atau reksa dana sebagai berikut. as follows.
Simas Investment Plan (Investasi Berkala)
Simas Investment Plan (Regular Investment)
Melalui program ini nasabah dapat berinvestasi secara rutin melalui fasilitas auto debet dari beberapa bank.
Program ditujukan agar nasabah dapat dengan mudah berinvestasi pada reksa dana untuk perencanaan
keuangan di masa mendatang. Bank yang dapat melayani fasilitas auto debet program ini, yaitu Bank Sinarmas,
Bank BCA (regular dan internet banking), serta Bank Mandiri.
This program allows the customers to make periodic investment through auto debet facility at several banks.
The program facilitates the customers to do investment in mutual fund products for their financial planning in
the future. Banks that provide this auto debet facility program are Bank Sinarmas, Bank BCA (regular and internet
banking), as well as Bank Mandiri.
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Profil Perusahaan
Company Profile
Simas Reksa Dana Online (Simas Fund)
Simas Fund adalah aplikasi investasi reksa dana dari PT Sinarmas Asset Management yang dapat di download melalui App Store dan Play Store.
Nasabah secara mandiri dapat bertransaksi reksa dana seperti membeli atau menjual, dan memantau perkembangan investasinya melalui fitur saldo
dan mutasi dari Simas Fund. Selain itu, Simas Fund juga dapat membantu keputusan investasi. Aplikasi Simas Fund menyediakan informasi seputar
ekonomi, pasar modal, dan grafik kinerja produk reksa dana Sinarmas Asset Management. Benefit lebih di investasi Simas Fund rewards adalah
StarPoin. Nasabah yang membeli reksa dana melalui Simas Fund akan mendapatkan StarPoin yang dapat ditukar sebagai voucher berbelanja di lebih
dari 1.000 merchant yang bekerja sama atau ditukar untuk membeli reksa dana.
Simas Fund is a mutual fund investment application from PT Sinarmas Asset Management that can be downloaded via App Store and Play Store.
Customers can independently make mutual fund transactions such as buying, selling, and monitoring the growth of their investment through Simas
Fund balance and movement feature. Simas Fund can also assist with investment decision. Simas Fund application provides information about the
economy, capital market, and performance charts of Sinarmas Asset Management mutual fund products. Extra benefits of investing in Simas Fund is
the StarPoin rewards. Customers who buy mutual funds via Simas Fund will receive StarPoin that can be exchanged for shopping vouchers in more
than 1,000 partnered merchants or exchanged to buy mutual funds.
Pengurus Management
Dewan Komisaris Board of Commissioners
Komisaris : Ir. IJ. Soegeng Wibowo Commissioner : Ir. IJ. Soegeng Wibowo
Komisaris Independen : Irawan Chandra Independent Commissioner : Irawan Chandra
Direksi Board of Directors
Diretur Utama : Alex Setyawan Widjajakusuma President Director : Alex Setyawan Widjajakusuma
Direktur : Anton Parulian Ritonga Director : Anton Parulian Ritonga
Dewan Pengawas Syariah Manajer Investasi Investment Manager Sharia Supervisory Board
Ketua : Ahmadi Bin Sukarno Chairman : Ahmadi Bin Sukarno
Anggota : Irfan Syauqi Beik Member : Irfan Syauqi Beik
Kinerja Keuangan
Financial Performance
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Uraian 2025 2024 2023 Description
Posisi Keuangan / Financial Positions
Aset 812,619 852,922 748,073 Assets
Liabilitas 56,206 66,576 58,088 Liabilities
Ekuitas 756,413 786,346 689,985 Equity
Laba Rugi dan Penghasilan Komprehensif Lain / Profit Loss and Other Comprehensive Income
Pendapatan 542,098 566,522 529,685 Income
Beban 223,938 259,691 198,344 Expense
Laba Sebelum Pajak 328,095 358,957 334,087 Profit Before Tax
Manfaat (Beban) Pajak Penghasilan (59,204) (71,359) 69,632 Income Tax Benefit (Expenses)
Laba Tahun Berjalan 268,891 287,598 264,455 Profit for the Year
Total Penghasilan (Rugi) Komprehensif Lain - Total Other Comprehensive Income (Loss) -
1,176 (1,237) 710
Setelah Pajak After Tax
Total Penghasilan Komprehensif 270,067 286,360 265,164 Total Comprehensive Income
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Peristiwa Penting
Significant Events
24 Juni 2025 / 24 June 2025
Seremonial Kerja Sama PT Sinarmas Asset Management dengan PT Bahana
Sekuritas.
Cooperation Ceremony of PT Sinarmas Asset Management and PT Bahana
Sekuritas.
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Profil Perusahaan
Company Profile
PT Sinar Mas Ventura
Alamat Kantor Pusat
Head Office Address
Roxy Square Lt. 1 / 1st Fl.
Blok B 08 No. 1
Jl. Kyai Tapa No. 1
Tomang, Grogol Petamburan
Jakarta Barat / West Jakarta 11440
(021) 5695 4451
(021) 5695 452
cs@sinarmasventura.com
www.sinarmasventura.com
Profil Perusahaan Company Profile
PT Sinar Mas Ventura (Sinarmas Ventura) merupakan salah satu PT Sinar Mas Ventura (Sinarmas Ventura) is one of the venture
perusahaan modal ventura di Indonesia yang berdiri sejak tahun capital companies in Indonesia, established since 2018
2018 dan mulai beroperasi sejak tahun 2019. Sinarmas Ventura and started its operation since 2019. Sinarmas Ventura is
termasuk dalam bagian Venture Capital Corporation (VCC). categorized as Venture Capital Corporation (VCC). The business
Adapun kegiatan usaha yang dilakukan Sinarmas Ventura lebih activities performed by Sinarmas Ventura are primarily focused
fokus pada penyertaan saham, penyertaan melalui pembelian on participation of shares, participation through purchase of
obligasi konversi, dan pengelolaan dana ventura. convertible bonds, and venture fund management.
Sinarmas Ventura mempunyai visi untuk menjadi perusahaan Sinarmas Ventura has a vision to become reliable and
modal ventura yang terpercaya dan berkompeten, dengan misi competent venture capital company, and a mission to
untuk menyediakan solusi tepat melalui jasa usaha modal ventura. provide appropriate solution through venture capital business
Saat ini, Sinarmas Ventura telah dikelola oleh profesional yang services. Currently, Sinarmas Ventura is managed by
memiliki latar belakang di bidang perbankan atau keuangan professionals with backgrounds in the banking or finance
sehingga diharapkan dapat membantu Sinarmas Ventura dalam sector, and accordingly expected to support Sinarmas Ventura
mewujudkan visi dan misinya. Pada tahun 2025, Perseroan in realizing its vision and mission. In 2025, the Company
memiliki 6 karyawan. has 6 employees.
Produk
Products
Penyertaan Saham
Participation of Shares
Kegiatan usaha modal ventura melalui pembelian saham dari pasangan Business activity of venture capital through purchase of shares from its
usaha. business partners.
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Laporan Tahunan 2025
2025 Annual Report
Penyertaan melalui Pembelian Obligasi Konversi
Participation through Purchasing of Convertible Bonds
Kegiatan usaha modal ventura melalui pembelian obligasi konversi yang Business activity of venture capital through purchasing of convertible
diterbitkan oleh pasangan usaha. bonds issued by its business partners.
Pembiayaan
Financing
Pembiayaan yang diberikan kepada debitur yang memiliki usaha produktif Financing provided to debtors with productive businesses in the form of
dalam bentuk modal usaha. working capital.
Dana Ventura
Venture Fund
Dana ventura adalah dana yang menampung pengumpulan dan A venture fund is a fund that pools and manage funds from the participating
pengelolaan dana milik pemegang unit penyertaan (investor) dalam unit holders (investors) in the Collective Investment Contract.
Kontrak Investasi Bersama.
Pengurus Management
Dewan Komisaris Board of Commissioners
Komisaris : Agus Leman Gunawan Commissioner : Agus Leman Gunawan
Direksi Board of Directors
Direktur Utama : Fatman Yunus President Director : Fatman Yunus
Direktur : Ontario Soenarno Director : Ontario Soenarno
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Profil Perusahaan
Company Profile
Kinerja Keuangan
Financial Performance
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Uraian 2025 2024 2023 Description
Posisi Keuangan / Financial Positions
Aset 52,517 51,117 41,150 Assets
Liabilitas 98 128 305 Liabilities
Ekuitas 52,419 50,990 40,845 Equity
Laba (Rugi) dan Penghasilan Komprehensif Lain / Profit (Loss) and Other Comprehensive Income
Total Pendapatan 2,553 3,208 2,486 Total Income
Beban 1,539 16,015 6,566 Expense
Laba (Rugi) Sebelum Pajak 1,013 (12,807) (4,080) Profit (Loss) Before Tax
Laba (Rugi) Tahun Berjalan 794 (10,136) (4,649) Profit (Loss) for the Year
Total Penghasilan Komprehensif Lain 635 281 532 Total Other Comprehensive Income
Total Laba (Rugi) Komprehensif 1,429 (9,855) (4,117) Total Comprehensive Income (Loss)
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Profil Perusahaan
Company Profile
PT Sinartama Gunita
Alamat Kantor Pusat
Head Office Address
Menara Tekno Lt. 7 / 7th Fl.
Jl. H. Fachruddin No. 19
Jakarta Pusat / Central Jakarta 10250
(021) 392 2332
(021) 392 3003
hepdesk1@sinartama.co.id
www.sinartamagunita.com
Profil Perusahaan Company Profile
PT Sinartama Gunita (Sinartama Gunita) merupakan Entitas PT Sinartama Gunita (Sinartama Gunita) is the Subsidiary of
Anak PT Sinar Mas Multiartha Tbk yang bergerak di bidang PT Sinar Mas Multiartha Tbk engaging in the administration
pengelolaan administrasi saham Perusahaan Publik (Emiten) of shares of Public Company (Issuer) that listed its shares
yang melakukan pencatatan saham di Bursa Efek Indonesia. in Indonesia Stock Exchange. Sinartama Gunita, which
Sinartama Gunita mendapat izin usaha dari Badan Pengawas majority of shares is owned by PT Sinar Mas Multiartha Tbk,
Pasar Modal (BAPEPAM) dengan No. Kep-082/PM/1991 dengan obtained a business license No. Kep-082/PM/1991 from
sebagian besar saham dimiliki oleh PT Sinar Mas Multiartha Tbk. Capital Market Supervisory Board (BAPEPAM). As of the end
Hingga akhir tahun 2025, Sinartama Gunita dipercaya mengelola of 2025, Sinartama Gunita was entrusted with managing share
administrasi saham dari 151 Emiten/Perusahaan Publik. administration for 151 Issuers/Public Companies.
Seiring dengan tantangan di era globalisasi, Perseroan Amid the challenges of the globalization era, the Company
menyadari bahwa tantangan yang dihadapi tidak hanya recognizes that the challenges faced are not limited to
terbatas pada memperoleh perusahaan yang melakukan acquiring clients that are conducting public offerings, but also
penawaran umum sebagai klien, tetapi juga bagaimana terus include continuously creating new breakthroughs in business
menciptakan terobosan-terobosan baru dalam pengembangan development to remain relevant to the dynamics of the capital
usaha agar tetap relevan dengan dinamika industri pasar modal. market industry. Supported by a qualified and experienced
Didukung oleh tim manajemen dan karyawan yang berkualitas management team and employees, the Company is optimistic
serta berpengalaman, Perseroan optimistis dapat menjaga that it can maintain stable growth and continue to make
pertumbuhan yang stabil dan terus memberikan kontribusi a tangible contribution to the advancement of Indonesia’s
nyata bagi kemajuan industri pasar modal Indonesia. capital market industry.
Pengurus Management
Dewan Komisaris Board of Commissioners
Komisaris Utama : Indra Widjaja President Commissioner : Indra Widjaja
Komisaris : Fuganto Widjaja Commissioner : Fuganto Widjaja
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2025 Annual Report
Direksi Board of Directors
Direktur Utama : Rasidah Binti Haji Mahadi President Director : Rasidah Binti Haji Mahadi
Direktur : Felix Director : Felix
Kinerja Keuangan
Financial Performance
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Uraian 2025 2024 2023 Description
Posisi Keuangan / Financial Positions
Aset 706,395 710,780 729,031 Assets
Liabilitas 3,542 3,843 3,774 Liabilities
Ekuitas 702,853 706,937 725,257 Equity
Laba Rugi dan Penghasilan Komprehensif Lain / Profit Loss and Other Comprehensive Income
Pendapatan 10,922 10,063 16,087 Income
Beban 9,913 9,671 6,668 Expenses
Laba Sebelum Pajak Penghasilan 1,009 393 9,420 Profit Before Income Tax
Laba Tahun Berjalan 963 186 9,068 Net Profit of the Year
Total Rugi Komprehensif Lain (5,048) (21,206) 68,792 Total Comprehensive Income Loss
Total Penghasilan (Rugi) Komprehensif (4,084) (21,020) 77,860 Total Comprehensive Income (Loss)
PT Sinar Mas Multiartha Tbk - 157
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Profil Perusahaan
Company Profile
Peristiwa Penting
Significant Events
Implementasi Produk Dashboard Qaptive Cyber Quant pada Implementation of Qaptive Cyber Quant Dashboard Product on
30 Januari 2025. 30 January 2025.
Employee Engagement & Corporate Outing Program 2025. Buka Puasa Bersama Karyawan Sinartama 2025.
Employee Engagement & Corporate Outing Program 2025. Breaking Fasting With Sinartama Employees 2025.
Sinartama Gunita Anniversary, Internal Team Celebration.
Sinartama Gunita Anniversary, Internal Team Celebration.
Sosialisasi dan Implementasi Penggunaan Qaptive Dashboard.
Dissemination and Implementation of Qaptive Dashboard
Utilization.
Year-End Corporate Gathering 2025.
Year-End Corporate Gathering 2025.
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2025 Annual Report
PT Sinar Mas Multiartha Tbk - 159
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Profil Perusahaan
Company Profile
PT Pasar Dana Pinjaman
Alamat Kantor Pusat
Head Office Address
Menara Tekno Lt. 7 / 7th Fl.
Jl. Fachruddin No. 19
Jakarta Pusat / Central Jakarta 10250
(021) 392 5660/5695 4588
(021) 392 5788
cs@danamas.co.id
www.danamas.co.id
Profil Perusahaan Company Profile
Didirikan pada tahun 2000 dengan nama PT Komunindo Established in 2000 under the name PT Komunindo Arga
Arga Digital, PT Pasar Dana Pinjaman (Danamas) telah Digital, PT Pasar Dana Pinjaman (Danamas) has transformed
bertransformasi menjadi platform fintech lending yang berfokus into a fintech lending platform focused on financing productive
pada pembiayaan sektor produktif melalui sistem digital sectors through an integrated digital system. Danamas connects
terintegrasi. Danamas mempertemukan lender dan borrower lenders and borrowers directly within a transparent, efficient,
secara langsung dalam ekosistem yang transparan, efisien, dan and well governed ecosystem. Backed by an experienced
berbasis tata kelola yang kuat. Didukung oleh tim manajemen management team with strong financial and banking expertise,
berpengalaman di industri keuangan dan perbankan, Perseroan the Company consistently balances growth acceleration with
secara konsisten menjaga keseimbangan antara akselerasi disciplined risk management.
pertumbuhan dan disiplin manajemen risiko.
Portofolio Danamas saat ini tersebar di 11 titik strategis Danamas’ portfolio is currently distributed across 11 strategic
di Sumatra, Jabodetabek, Jawa Timur, dan Kalimantan, yang locations in Sumatra, Greater Jakarta (Jabodetabek), East Java,
merupakan pusat aktivitas ekosistem usaha mitra. Konsentrasi and Kalimantan, key hubs within its partner business ecosystems.
ini memperkuat implementasi model closed loop ecosystem, This concentration strengthens the implementation of a closed
di mana pembiayaan terintegrasi dalam rantai nilai yang jelas loop ecosystem model, where financing is embedded within
dan terverifikasi, sehingga menciptakan pertumbuhan yang verified and integrated value chains, enabling higher quality
lebih berkualitas dengan kontrol risiko yang terukur. growth with measurable risk control.
Sepanjang tahun 2025, Danamas mencatatkan kinerja yang Throughout 2025, Danamas delivered solid performance with
solid dengan fokus pada Supply Chain Financing (SCF) a strong focus on Supply Chain Financing (SCF) for corporate
bagi badan usaha dalam ekosistem terintegrasi. Produk SCF borrowers within integrated ecosystems. SCF recorded
membukukan total penyaluran sebesar Rp38,05 miliar, tumbuh total disbursement of Rp38.05 billion, representing a 54%
54% dibandingkan tahun 2024. Implementasi SCF diperkuat year-on-year increase. The implementation is reinforced
oleh platform digital Supplio yang menghadirkan integrasi data by the digital platform Supplio, which provides transaction
transaksi, visibilitas arus kas, serta monitoring pembiayaan data integration, cash flow visibility, and real-time financing
secara real-time. Sejalan dengan ekspansi mitra, Danamas monitoring. In line with partners’ expansion needs, Danamas
mengembangkan Capex Financing sebagai perluasan dari skema further developed Capex Financing as an extension of
SCF untuk mendukung pendanaan investasi dan peningkatan the SCF scheme to support investment and capacity
kapasitas usaha dalam value chain yang sama. enhancement within the same value chain.
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Sementara itu, produk Dana Usaha mencatatkan pertumbuhan Meanwhile, Working Capital Financing (Dana Usaha)
yang sangat signifikan dengan total penyaluran sebesar achieved significant growth, with total disbursement reaching
Rp28,59 miliar, meningkat 160% secara tahunan. Produk ini Rp28.59 billion, marking a 160% year-on-year increase. This
menyasar individu pengusaha mikro dan kecil yang memiliki aset product targets micro and small individual entrepreneurs with
properti sebagai agunan, menghadirkan struktur pembiayaan property assets as collateral, offering a more secure financing
yang lebih aman dan terukur sekaligus tetap mendorong structure while supporting productive business expansion.
ekspansi usaha produktif.
Kinerja ini menegaskan posisi Danamas sebagai platform This performance reaffirms Danamas’ position as an ecosystem-
pembiayaan berbasis ekosistem yang mampu menghadirkan based financing platform capable of delivering agile, measured,
pertumbuhan yang agile, terukur, dan berkelanjutan. and sustainable growth.
Produk Products
Melalui inovasi teknologi, Danamas menjembatani pemberi Danamas utilizes technology innovation to connect lender and
dan penerima pinjaman dalam satu platform digital. Layanan borrower in a single digital platform. This service is further
ini diperkuat dengan sejumlah produk yang dirancang untuk strengthened with a range of products designed to meet diverse
berbagai kebutuhan. needs.
Supply Chain Finance
Produk pembiayaan yang ditujukan bagi badan usaha, khususnya supplier Financing product designed for business entities, particularly suppliers or
atau vendor, yang memiliki tagihan (account receivable/AR invoice) vendors, that hold accounts receivable (AR) invoices issued to companies
kepada perusahaan mitra Danamas. Melalui fasilitas ini, penerima dana partnered with Danamas. Through this facility, borrowers can accelerate
dapat memperoleh percepatan pembayaran atas invoice sebelum tanggal invoice payments prior to their due dates, thereby improving liquidity
jatuh tempo, sehingga meningkatkan likuiditas dan memperlancar arus and optimizing working capital management. This scheme supports
kas usaha. Skema ini mendukung stabilitas rantai pasok serta memperkuat supply chain stability while strengthening business relationships between
hubungan bisnis antara vendor dan perusahaan mitra. vendors and partner companies.
PT Sinar Mas Multiartha Tbk - 161
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Profil Perusahaan
Company Profile
Dana Usaha
Business Fund
Dirancang sebagai solusi pembiayaan bagi pengusaha individu usaha mikro, Financing solution tailored for individual MSME (micro, small, and
kecil, dan menengah (UMKM) dalam memenuhi kebutuhan modal kerja dan medium enterprises) entrepreneurs to support working capital needs and
investasi produktif. Skema pembayaran dilakukan secara angsuran bulanan, productive investments. The facility is structured with monthly installment
didukung oleh agunan berupa aset tetap untuk memastikan struktur payments and secured by fixed asset collateral to maintain a balanced
pembiayaan yang sehat dan berimbang. Melalui produk ini, Danamas and prudent financing framework. Through this product, Danamas
berkomitmen memperluas akses pendanaan kepada sektor UMKM guna is committed to expanding access to financing for the MSME sector,
mendorong pertumbuhan usaha yang inklusif dan berkelanjutan. fostering inclusive and sustainable business growth.
Pengurus Management
Dewan Komisaris Board of Commissioners
Komisaris : Loa Johnny Mailoa Commissioner : Loa Johnny Mailoa
Direksi Board of Directors
Direktur : Hugo Solly G. Masie Director : Hugo Solly G. Masie
Direktur : Jackson Director : Jackson
Kinerja Keuangan
Financial Performance
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Uraian 2025 2024 2023 Description
Posisi Keuangan / Financial Positions
Aset 669,316 667,526 593,634 Assets
Liabilitas 19,997 21,099 20,585 Liabilities
Ekuitas 649,318 646,427 573,049 Equity
Laba (Rugi) dan Penghasilan Komprehensif Lain / Profit (Loss) and Other Comprehensive Income
Pendapatan Usaha 17,074 5,272 6,001 Operating Income
Beban Usaha 33,340 34,152 120,730 Operating Expense
Laba (Rugi) Sebelum Pajak 15,026 73,179 (144,197) Profit (Loss) Before Tax
Laba (Rugi) Tahun Berjalan 2,893 73,344 (121,200) Profit (Loss) for the Year
Total Penghasilan (Rugi) Komprehensif Lain (2) 34 67 Total Other Comprehensive Income (Loss)
Total Penghasilan (Rugi) Komprehensif 2,891 73,378 (121,133) Total Comprehensive Income (Loss)
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Uraian 2025 2024 2023 Description
Total Pinjaman Terealisasi (Loan) 81,875,734 81,873,496 81,848,400 Realized Total Loan (Loan)
Nilai Pinjaman Terealisasi (miliar Rupiah) 11,843 11,759 11,514 Realized Loan Value (billion Rupiah)
Total Pinjaman Lunas (Loan) 81,870,391 81,850,936 59,317,509 Total Loan Settled (Loan)
Nilai Pinjaman Lunas (miliar Rupiah) 11,770 11,562 11,157 Total Loan Settled Value (billion Rupiah)
Pemodal Terdaftar (Akun) 372,666 372,664 359,552 Registered Investor (Account)
Rata-Rata Return Pemodal (per Tahun) (%) 9.27 10.97 10.92 Investor Average Return (per Year) (%)
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Profil Perusahaan
Company Profile
PT Wapindo Jasaartha
Alamat Kantor Pusat
Head Office Address
Plaza Simas Lt. 6 / 6th Fl.
Jl. Fachrudin No. 20
Tanah Abang, Jakarta 10250
(021) 2918 9933
0881 0241 86881
KlinikSimasSehat.id
Media Sosial
Social Media
Kliniksimassehat
Profil Perusahaan Company Profile
PT Wapindo Jasaartha didirikan pada tanggal 23 Juni 2000 PT Wapindo Jasaartha was established on 23 June 2000, based
berdasarkan Akta Pendirian yang dibuat di hadapan Notaris on the Deed of Establishment made before Notary Yulia, SH,
Yulia, SH, dengan ruang lingkup usaha di bidang jasa, kecuali with a business scope in the services sector, other than legal
jasa hukum dan jasa perpajakan. Selanjutnya, melalui RUPS and tax services. Subsequently, through Extraordinary GMS
Luar Biasa yang dituangkan dalam akta pernyataan keputusan as stated in the deed of the meeting's resolution made before
rapat yang dibuat di hadapan Notaris Syofilawati, SH, pada Notary Syofilawati, SH, on 19 October 2020, the company
tanggal 19 Oktober 2020, perusahaan menetapkan perubahan decided to change its business activities to engage in the trade,
kegiatan usaha menjadi bergerak di bidang perdagangan, industry, and services.
industri, dan jasa.
Saat ini, PT Wapindo Jasaartha mengelola Klinik Simas Sehat, Currently, PT Wapindo Jasaartha operates the Simas Sehat
dan terus memperluas kontribusinya dalam bidang kesehatan Clinic and continuously expanding its contributions in
melalui kolaborasi dengan Fakultas Kedokteran Universitas healthcare sector by collaborating with Faculty of Medicine of
Hasanuddin, serta kerja sama strategis dengan berbagai pihak, Universitas Hasanuddin, as well as strategic partnerships with
seperti Perhimpunan Ahli Bedah Onkologi Indonesia (PERABOI) various parties, such as the Indonesian Society of Oncology
dan Research Genetic Cancer Centre (RGCC) dalam mendukung Surgeons (PERABOI) and the Research Genetic Cancer
pengembangan penelitian medis. Hingga Desember 2025, Centre (RGCC), to support development of medical research.
perusahaan mengoperasikan 3 cabang klinik, yaitu Klinik Utama As of December 2025, the company operates 3 clinic
Simas Sehat, Klinik Pratama Simas Sehat, serta Klinik Pratama branches: Simas Sehat Main Clinic, Simas Sehat Primary
Simas Sehat-Wellness Center yang didukung oleh 8 tenaga Clinic, as well as Klinik Pratama Simas Sehat-Wellness
profesional yang berdedikasi dalam menyediakan pelayanan Center supported by 8 dedicated professionals in providing
kesehatan yang berkualitas. high-quality healthcare services.
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Laporan Tahunan 2025
2025 Annual Report
Produk Products
PT Wapindo Jasaartha menyediakan layanan dan kepuasan PT Wapindo Jasaartha provides and cater to patients’
pasien melalui Klinik Pratama Simas Sehat dan Klinik satisfaction through Simas Sehat Primary Clinic and Simas
Utama Simas Sehat yang dilengkapi dengan dokter yang Sehat Main Clinic, which are equipped with experienced and
berpengalaman dan profesional serta menyediakan perawat professional physicians, as well as providing skillful nurses
yang mahir dalam melakukan tindakan maupun perawatan to perform both procedures and treatment for patients.
terhadap pasien. Layanan yang disediakan oleh PT Wapindo PT Wapindo Jasaartha provides the following services:
Jasaartha terdiri dari:
Klinik Utama Simas Sehat Simas Sehat Main Clinic
• Pemeriksaan Dokter Spesialis; • Specialists Examination;
• Pemeriksaan Dokter Umum; • General Practitioners Examination;
• Vaksinasi; • Vaccination;
• Medical Check-Up; • Medical Check-Up;
• Wellness Program; • Wellness Program;
• Immunotherapy Nusantara by Terawan; • Immunotherapy Nusantara by Terawan;
• Pemeriksaan Laboratorium; • Laboratories Examination;
• Pemeriksaan RGCC yang mengembangkan dan menyediakan • RGCC examination that develops and provides personalized
tes genetika kanker (tumor ganas) yang personalized untuk cancer genetic tests (malignant tumor) for physicians and
dokter dan pasien, serta menguji sensitivitas dan resistensi patients, as well as testing the sensitivity and resistance of
sel kanker (tumor ganas) terhadap pengobatan kemoterapi tumor cell (malignant tumor) to chemotherapy and various
dan berbagai bahan alami; natural ingredients;
• Klinik Estetik; dan • Aesthetic Clinic; and
• Telemedicine. • Telemedicine.
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Profil Perusahaan
Company Profile
Klinik Pratama Simas Sehat Simas Sehat Primary Clinic
• Pelayanan Dokter Umum • General Practitioners Services
• Pelayanan Dokter Gigi • Dental Services
• Vaksinasi • Vaccination
PT Simas Sehat Sejahtera PT Simas Sehat Sejahtera
Klinik Simas Sehat Sejahtera menyediakan layanan sebagai berikut. Simas Sehat Sejahtera Clinic provides the following services.
• Pemeriksaan Dokter Spesialis. • Specialists Examination.
• Pemeriksaan Dokter Umum. • General Practitioners Examination.
• Klinik Estetik. • Aesthetic Clinic.
• Fisiotherapy. • Physiotherapy.
• Immunotherapy Nusantara by Terawan. • Immunotherapy Nusantara by Terawan.
• Vaksinasi. • Vaccination.
PT Wapindo Jasa Farma PT Wapindo Jasa Farma
Penjualan Obat-Obatan Sales of Pharmaceuticals
Pengurus Management
Dewan Komisaris Board of Commissioners
Komisaris : Indra Widjaja Commissioner : Indra Widjaja
Direksi Board of Directors
Direktur Utama : Yuliana Tjendra President Director : Yuliana Tjendra
Direktur : Margaretha Rosa Gunawan Director : Margaretha Rosa Gunawan
Kinerja Keuangan
Financial Performance
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Uraian 2025 2024 2023 Description
Posisi Keuangan / Financial Positions
Aset 12,962 13,879 8,848 Assets
Liabilitas 6,555 7,845 3,026 Liabilities
Ekuitas 6,408 6,034 5,822 Equity
Laba Rugi dan Penghasilan Komprehensif Lain / Profit Loss and Other Comprehensive Income
Pendapatan Usaha 16,643 21,555 7,257 Total Income
Beban Usaha (7,134) (9,500) (3,573) Expense
Laba (Rugi) Sebelum Pajak 458 298 (472) Profit (Loss) Before Tax
Laba (Rugi) Bersih Tahun Berjalan 399 235 (497) Profit (Loss) for the Year
Penghasilan Komprehensif Lain - - - Total Other Comprehensive Income
Total Penghasilan (Rugi) Komprehensif 399 235 (497) Total Comprehensive Income (Loss)
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Peristiwa Penting
Significant Events
10 April 2025 / 10 April 2025 11 April 2025 / 11 April 2025
Halal Bihalal Pilar Sinarmas di President Office, Sinarmas Land Press Conference - Wellness-Program TGMM x Klinik Simas
Lt. 9. Sehat & Stay Beauty di The Grand Mansion Hotel, Menteng.
Halal Bihalal of Sinar Mas Pillar, at President Office, Sinar Mas Press Conference - Wellness-Program TGMM x Klinik Simas
Land, 9th Fl. Sehat & Stay Beauty at The Grand Mansion Hotel, Menteng.
24 April 2025 / 24 April 2025 16 Mei 2025 / 16 May 2025
Sinar Mas Pilar Gathering di The Hub, Kuningan. Familiarization Activity: Wellness-Program di The Grand
Sinar Mas Pillar Gathering at The Hub, Kuningan. Mansion Hotel, Menteng.
Familiarization Activity: Wellness-Program at The Grand
Mansion Hotel, Menteng.
20 Mei 2025 / 20 May 2025 8-10 Juli 2025 / 8-10 July 2025
Agency Gathering Sinarmas di Ballroom Plaza Simas Lt. 9. XL SMART Exhibition di XL Tower, Kuningan.
Sinar Mas Agency Gathering at Ballroom Plaza Simas, 9th Fl. XL SMART Exhibition at XL Tower, Kuningan.
9-11 Juli 2025 / 9-11 July 2025 21-23 Juli 2025 / 21-23 July 2025
Seminar Nasional XII and Healthcare Expo X ARSSI di Hotel Ritz KOGI Bali 2025 All ObGyn Indonesia di Bali.
Carlton, Mega Kuningan. KOGI Bali 2025 All ObGyn Indonesia, at Bali.
National Seminar XII and Healthcare Expo X ARSSI at
The Ritz-Carlton Hotel, Mega Kuningan.
27 Juli 2025 / 27 July 2025 11-13 September 2025 / 11-13 September 2025
Peraboi Seminar. Global Breast Cancer Conference di The Meru Sanur, Bali.
Peraboi (Indonesian Society or Surgical Oncology) Seminar. Global Breast Cancer Conference at The Meru Sanur, Bali.
2-3 Oktober 2025 / 2-3 October 2025 3-4 Oktober 2025 / 3-4 October 2025
Healthy Lifestyle Festival di Ballroom Plaza Simas Lt. 9. Sinar Mas Digital Day 2025 di ICE BSD, Hall Nusantara & Hall 3A.
Healthy Lifestyle Festival at Ballroom Plaza Simas, 9th Fl. Sinar Mas Digital Day 2025 at ICE BSD, Nusantara Hall & Hall 3A.
5-10 Oktober 2025 / 5-10 October 2025 8-11 Oktober 2025 / 8-11 October 2025
Webinar Eka Hospital (RTD). 15th APAC Muskuloskeletal Tumor Society Bali di The Westin
Eka Hospital Webinar (RTD). Nusa Dua, Bali.
15th APAC Musculoskeletal Tumor Society Bali at The Westin
Nusa Dua, Bali.
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Profil Perusahaan
Company Profile
Oktober 2025 / October 2025 28 Oktober 2025 / 28 October 2025
Launching Klinik Pratama Simas Sehat Wellness Center di Seminar Nasional APPI di Hotel Pullman Jakarta, Thamrin.
The Grand Mansion Hotel, Menteng. APPI National Seminar at Hotel Pullman Jakarta, Thamrin.
Launching of Klinik Pratama Simas Sehat Wellness Center at
The Grand Mansion Hotel, Menteng.
30 Oktober 2025 / 30 October 2025 13-15 November 2025 / 13-15 November 2025
HR Smile 2025 di The Grand Mansion Hotel, Menteng. 4th Makassar Obgyn Updates 2025 di Fourpoints Hotel, Lotus
HR Smile 2025 at The Grand Mansion Hotel, Menteng. Ballroom, Lt. 2, Makassar.
4th Makassar Obgyn Updates 2025 at Fourpoints Hotel, Lotus
Ballroom, 2nd Fl., Makassar.
27-29 November 2025 / 27-29 November 2025 12-14 Desember 2025 / 12-14 December 2025
Kongres Paliatif di Holiday Inn, Bandung. 4th INASMEET (Himpunan Onkologi Ginekologi Indonesia (HOGI))
Palliative Congress at Holiday Inn, Bandung. di Mason Pine Hotel, Kota Baru Parahyangan, Bandung.
4th INASMEET (Indonesian Gynecologic Oncology Association/
HOGI) at Mason Pine Hotel, Kota Baru Parahyangan, Bandung.
14 Desember 2025 / 14 December 2025 27 Desember 2025 / 27 December 2025
Sisternet Women's Padel Tourney 2025 di Padeloom, Mega Rukun Community Gathering di Ballroom Rukun Senior Living,
Kuningan. Bogor.
Sisternet Women’s Padel Tourney 2025 at Padeloom, Mega Rukun Community Gathering at Ballroom Rukun Senior Living,
Kuningan. Bogor.
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2025 Annual Report
Sertifikasi
Certifications
Sertifikat Akreditasi / Accreditation Certificate
Fasilitas Pelayanan Kesehatan telah memenuhi Standar Akreditasi dengan Kategori Paripurna
The Healthcare Facility has met the Accreditation Standards of Excellent Category
Penerima / Receipt:
Klinik Utama Simas Sehat
Penyelenggara / Organizer:
Kementerian Kesehatan Republik Indonesia / Ministry of Health of Republic of Indonesia
Masa Berlaku / Period:
31 Juli 2024-31 Juli 2029 / 31 July 2024-31 July 2029
Sertifikat Akreditasi / Accreditation Certificate
Fasilitas Pelayanan Kesehatan telah memenuhi Standar Akreditasi dengan Kategori Paripurna
The Healthcare Facility has met the Accreditation Standards of Excellent Category
Penerima / Receipt:
Klinik Pratama Simas Sehat
Penyelenggara / Organizer:
Kementerian Kesehatan Republik Indonesia / Ministry of Health of Republic of Indonesia
Masa Berlaku / Period:
8 November 2023-8 November 2028 / 8 November 2023-8 November 2028
PT Sinar Mas Multiartha Tbk - 169
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Profil Perusahaan
Company Profile
Alamat Perusahaan, Entitas Anak, dan Entitas Asosiasi
Address of the Company, Subsidiaries, and Associates
PT Sinar Mas Multiartha Tbk
Menara Tekno Lt. 7 / 7th Fl.
Jl. Fachruddin No. 19
Jakarta Pusat / Central Jakarta 10250
(021) 392 5660 (021) 392 5788 multiartha@smma.co.id www.smma.co.id
PT Bank Sinarmas Tbk PT Simas Money Changer PT MSIG Life Insurance Indonesia Tbk*)
Sinar Mas Land Plaza Menara Tekno Lt. 7 / 7th Fl. Wiska Eka Jiwa Lt. 9 / 9th Fl.
Tower I Lt. 1-2 / 1-2th Fl., Jl. MH Thamrin No. 51 Jl. Fachruddin No. 19 Jl. Mangga Dua Raya
Jakarta 10350 Jakarta Pusat / Central Jakarta 10250 Jakarta 10730
(021) 3199 0101 (021) 392 5660 (021) 625 7808
(021) 3199 0401 (021) 393 5788 (021) 625 7837-38
www.banksinarmas.com cs@sinarmasmsiglife.co.id
www.sinarmasmsiglife.co.id
PT Asuransi Simas Jiwa PT Asuransi Sinar Mas PT Asuransi Simas Insurtech
Gedung Simas Jiwa Plaza Simas Menara Tekno Lt. 5 / 5th Fl.
Jl. Lombok No. 73 Jl. Fachrudin No. 18-20 Jl. Fachruddin No. 19
Jakarta Pusat / Central Jakarta 10350 Jakarta Pusat / Central Jakarta 10250 Jakarta Pusat / Central Jakarta 10250
(021) 2139 0188 (021) 390 2141 - 46 (021) 392 5050 7777
(021) 2139 3319 (021) 390 2159 - 60
cs@simasjiwa.co.id info@sinarmas.co.id
www.simasjiwa.co.id www.sinarmas.co.id
PT Asuransi Sumit Oto PT KB Insurance Indonesia PT Sinar Mas Multifinance
Plaza Simas Sahid Sudirman Center, Lt. 53 / 53rd Fl. Jl. Lombok No. 71
Jl. Fachrudin No. 18 Unit A, E, & F Jakarta 10350
Jakarta Pusat / Central Jakarta 10250 Jl. Jenderal Sudirman Kav. 86
(021) 2918 9898 Jakarta Pusat / Central Jakarta 10220 (021) 3190 2888
(021) 386 4724 (021) 5010 1010 (021) 3190 3589
(021) 3190 5910 cs@simasfinance.co.id
help@kbinsurance.co.id www.simasfinance.co.id
www.kbinsure.co.id
PT AB Sinar Mas Multifinance PT Sinarmas Hana Finance PT Oto Multiartha
Menara Tekno Lt. 7 / 7 Fl.
th
Roxy Square Gedung Summitmas II Lt. 7 / 7th Fl.
Jl. Fachruddin No. 19 Jl. Kyai Tapa No. 1 Jl. Jenderal Sudirman Kav. 61-62
Jakarta Pusat / Central Jakarta 10250 Jakarta Barat / West Jakarta 11440 Jakarta 12910
(021) 392 5660 (021) 5695 4670 (021) 522 6410
(021) 393 5788 (021) 5695 4678 (021) 522 6424
customercare@shf.co.id www.oto.co.id
www.shf.co.id
PT Summit Oto Finance PT Sinarmas Sekuritas PT Sinarmas Asset Management
Gedung Summitmas II Lt. 8 / 8 Fl. th
Sinas Mas Land Plaza Sinarmas Land Plaza
Jl. Jenderal Sudirman Kav. 61-62 Tower III Lt. 5-6 / 5-6th Fl. Tower III Lt. 7 / 7th Fl.
Jakarta 12910 Jl. MH Thamrin No. 51 Jl. MH Thamrin No. 51
(021) 252 2788 Jakarta 10350 Jakarta 10350
(021) 522 6601 - 06 (021) 392 5550 (021) 5050 7000
(021) 252 6288 (021) 392 5540; (021) 392 7177 (021) 392 5540; (021) 392 7177
info@oto.co.id cs@sinarmassekuritas.co.id
www.otofinance.co.id www.sinarmassekuritas.co.id
PT Autopro Utama Perkasa PT Bank Nano Syariah Sinar Mas Life Insurance
Toko Suku Cadang Mobil Jl. Teuku Cik Ditiro No. 29 Rua 30 de Agosto
Jl. Raya Waru No. 82 Menteng Bidau Lecidere, Dili
Waru 61256 Jakarta Pusat / Central Jakarta 10310 Timor Leste
(0231) 853 1616 (021) 392 3329 (0670) 331 0899
*)
Dahulu PT Asuransi Jiwa Sinarmas MSIG Tbk. / Formerly PT Asuransi Jiwa Sinarmas MSIG Tbk.
170 - PT Sinar Mas Multiartha Tbk
Page 173
Laporan Tahunan 2025
2025 Annual Report
PT Sinartama Gunita PT Pasar Dana Pinjaman (Danamas) PT Dana Saham Bersama
Menara Tekno Lt. 7 / 7 Fl.
th
Menara Tekno Lt. 7 / 7 Fl.
th
Roxy Sqyare Lt. 1 / 1st Fl. Blok A No. 1
Jl. Fachruddin No. 19 Jl. Fachruddin No. 19 Jl. Kyai Tapa No. 1, Tomang, Grogol Petamburan
Jakarta Pusat / Central Jakarta 10250 Jakarta Pusat / Central Jakarta 10250 Jakarta Barat / West Jakarta 11440
(021) 392 5660 (021) 392 5660 (021) 5695 4551 - 52
(021) 393 5788 (021) 392 5788 cs@danasaham.co.id
helpdesk1@sinartama.co.id cs@danamas.co.id www.danasaham.co.id
www.sinartamagunita.com www.danamas.co.id
PT Shinta Utama PT Rizki Lancar Sentosa PT Jakarta Teknologi Utama
Menara Tekno Lt. 7 / 7 Fl.
th
Roxy Square Jl. Rawa Bali I Kav. A No. 19
Jl. Fachruddin No. 19 Jl. Kyai Tapa No. 1 Kawasan Industri Pulogadung
Jakarta Pusat / Central Jakarta 10250 Jakarta Barat / West Jakarta Rawaterate Cakung
(021) 392 5660 (021) 569 3500 Jakarta Timur / East Jakarta
(021) 393 5788 (021) 569 3900 (021) 4682 6242
(021) 4682 6247
PT Digital Solusindo Nusantara PT Pasar Gadai Digital PT Data Opal Terpadu
Menara Tekno Lt. 7 / 7th Fl. Menara Tekno Lt. 7 / 7th Fl. Menara Tekno Lt. 7 / 7th Fl.
Jl. Fachruddin No. 19 Jl. Fachruddin No. 19 Jl. Fachruddin No. 19
Jakarta Pusat / Central Jakarta 10250 Jakarta Pusat / Central Jakarta 10250 Jakarta Pusat / Central Jakarta 10250
(021) 392 5660 (021) 392 5660 (021) 392 5660
(021) 393 5788 (021) 392 5788 (021) 393 5788
PT Zimba Onix Mustika PT Sistem Loka Triprima PT Arthamas Solusindo
Menara Tekno Lt. 7 / 7th Fl. Menara Tekno Lt. 7 / 7th Fl. Menara Tekno Lt. 7 / 7th Fl.
Jl. Fachruddin No. 19 Jl. Fachruddin No. 19 Jl. Fachruddin No. 19
Jakarta Pusat / Central Jakarta 10250 Jakarta Pusat / Central Jakarta 10250 Jakarta Pusat / Central Jakarta 10250
(021) 392 5660 (021) 392 5660 (021) 392 5660
(021) 393 5788 (021) 393 5788 (021) 393 5788
PT Sinar Artha Trading PT Artha Bina Usaha PT Sinar Artha Konsulindo
Menara Tekno Lt. 7 / 7 Fl.
th
Menara Tekno Lt. 7 / 7 Fl.
th
Menara Tekno Lt. 7 / 7th Fl.
Jl. Fachruddin No. 19 Jl. Fachruddin No. 19 Jl. Fachruddin No. 19
Jakarta Pusat / Central Jakarta 10250 Jakarta Pusat / Central Jakarta 10250 Jakarta Pusat / Central Jakarta 10250
(021) 392 5660 (021) 392 5660 (021) 392 5660
(021) 393 5788 (021) 393 5788 (021) 393 5788
PT Arthamas Informatika PT Sinar Artha Inforindo PT Sinar Artha Solusindo
Menara Tekno Lt. 7 / 7 Fl.
th
Menara Tekno Lt. 7 / 7 Fl.
th
Menara Tekno Lt. 7 / 7th Fl.
Jl. Fachruddin No. 19 Jl. Fachruddin No. 19 Jl. Fachruddin No. 19
Jakarta Pusat / Central Jakarta 10250 Jakarta Pusat / Central Jakarta 10250 Jakarta Pusat / Central Jakarta 10250
(021) 392 5660 (021) 392 5660 (021) 392 5660
(021) 393 5788 (021) 393 5788 (021) 393 5788
PT Kreasi Retail Nusantara PT Berkat Surya Mentari PT Reasuransi Nusantara Makmur
Menara Tekno Lt. 7 / 7th Fl. Jl. Raya Bekasi KM 20 RT/RW 003/003 Menara Tekno Lt. 5 / 5th Fl.
Jl. Fachruddin No. 19 Rawa Terate, Cakung Jl. Fachruddin No. 19
Jakarta Pusat / Central Jakarta 10250 Jakarta Timur / East Jakarta 13920 Jakarta Pusat / Central Jakarta 10250
(021) 392 5660 (021) 5055 6789 (021) 291 89977 Ext. 15000
(021) 393 5788 (021) 406 10002
PT Sinar Mas Ventura PT Sinar Mas Asuransi Syariah PT Asuransi Jiwa Sinarmas Syariah
Roxy Square Lt. 1 / 1st Fl. Blok B 08 No. 1 Gedung Plaza Simas Lt. 5 / 5th Fl. Ruko Royal Palace Blok A No. A2
Jl. Kyai Tapa No. 1, Tomang, Grogol Jl. Fachrudin No. 18 Jl. Prof. Dr. Soepomo, SH No. 178A
Petamburan Kel. Kampung Bali, Kec. Tanah Abang Kel. Menteng Dalam, Kec. Tebet
Jakarta Barat / West Jakarta 11440 Jakarta 10250 Jakarta 12870
(021) 5695 4451 (021) 2356 7888 0852 6128 8776
(021) 5695 452 info@simassyariah.id legal@sinarmaslifesyariah.co.id
cs@sinarmasventura.com
www.sinarmasventura.com
PT Penjaminan Ulang Indonesia
Plaza Simas Lt. 5 / 5th Fl.
Jl. Fachrudin No. 18
Jakarta Pusat / Central Jakarta 10250
PT Sinar Mas Multiartha Tbk - 171
Page 174
Profil Perusahaan
Company Profile
Komposisi Pemegang Saham [POJK.51-C.3]
Shareholders Composition
Perseroan secara rutin melaporkan kepemilikan saham yang The Company regularly reports share ownership by members
dimiliki oleh Dewan Komisaris, Direksi, serta Pemegang Saham of the Board of Commissioners, Board of Directors, as well as
dengan hak suara minimal 5% sebagai wujud komitmen Shareholders with minimum voting rights of 5% as a commitment
terhadap transparansi dan kepatuhan. Sepanjang tahun 2025, to transparency and compliance. Throughout 2025, the monthly
pelaporan dilakukan setiap bulan melalui sistem e-reporting reports were submitted via e-reporting system to the Financial
kepada OJK dan Bursa Efek Indonesia, sesuai dengan ketentuan Services Authority (OJK) and Indonesia Stock Exchange, in line
yang mewajibkan penyampaian laporan paling lambat 5 hari with regulations that require reports to be submitted no later
kerja setelah terjadi perubahan kepemilikan. than 5 business days following any changes in ownership.
Informasi berikut menyajikan rincian kepemilikan saham Dewan Following is the information of share ownership of the Board of
Komisaris dan Direksi pada awal dan akhir tahun buku 2025. Commissioners and Board of Directors at the beginning and end
of the 2025 financial year.
Per 1 Januari 2025 Per 31 Desember 2025
Per 1 January 2025 Per 31 December 2025
Uraian Total Saham Persentase Total Saham Persentase Status Kepemilikan
Description (Lembar Kepemilikan (Lembar Kepemilikan Status of Ownership
Saham) Ownership Saham) Ownership
Total Shares Percentage Total Shares Percentage
(Shares) (%) (Shares) (%)
Kepemilikan >5% / >5% Ownership
Institusi Lokal
PT Sinar Mas Cakrawala 3,343,462,323 52.5069 3,170,538,483 49.7912
Local Institution
Kepemilikan Dewan Komisaris dan Direksi / Board of Commissioners and Board of Directors Ownership
Fuganto Widjaja - - - - -
Robinson Simbolon - - - - -
Ketut Sanjaya - - - - -
Burhanuddin Abdullah - - - - -
Eric Buntoro - - - - -
Agus Leman Gunawan - - - - -
Felix - - - - -
Ir. Dumoly Freddy Pardede - - - - -
Tjong Huei Wey - - - - -
Lynn Ramli - - - - -
Kepemilikan <5% / <5% Ownership
Individu Lokal
Indra Widjaja 2,180,600 0.0342 2,180,600 0.0342
Local Individual
Masyarakat Individu dan Instansi
(masing-masing di bawah Lokal dan Asing
5%) 3,022,021,794 47.4589 3,194,945,634 50.1746
Local and Foreign
Public (each under 5%) Individual and Institution
Total 6,367,664,717 100.0000 6,367,664,717 100.0000
172 - PT Sinar Mas Multiartha Tbk
Page 175
Laporan Tahunan 2025
2025 Annual Report
Grafik Saham per 31 Desember 2025
Share Chart per 31 December 2025
49.7912%
PT Sinar Mas Cakrawala
Indra Widjaja
Masyarakat (masing-masing di bawah 5%)
Public (each under 5%)
0.0342%
50.1746%
Komposisi Kepemilikan Saham berdasarkan Status Kepemilikan
Shareholders Ownership Composition based on Status of Ownership
Per 1 Januari 2025 Per 31 Desember 2025
Per 1 January 2025 Per 31 December 2025
Total Saham Persentase Total Saham Persentase
Uraian Description
(Lembar Kepemilikan (Lembar Kepemilikan
Saham) Ownership Saham) Ownership
Total Shares Percentage Total Shares Percentage
(Shares) (%) (Shares) (%)
Kustodian Sentral Efek Indonesia Central
6,050,657,680 95.0216 6,052,400,180 95.0490
Indonesia Securities Depository
Limited Liability Company
Perusahaan Terbatas
310,832,491 4.8814 309,089,991 4.8541 with Tax Registration
NPWP
Number
Institusi Asing 6,024,186 0.0946 6,024,186 0.0946 Foreign Institution
Koperasi 150,000 0.0024 150,000 0.0024 Cooperative
Individu Lokal 360 0.0000 360 0.0000 Local Individual
Total 6,367,664,717 100.0000 6,367,664,717 100.0000 Total
PT Sinar Mas Multiartha Tbk - 173
Page 176
Profil Perusahaan
Company Profile
Pemegang Saham Utama dan Pengendali
Main and Controlling Shareholders
PT Sinarindo Gerbangmas Indra Widjaja
(0.0231%) (99.9769%)
PT Sinar Mas Cakrawala Indra Widjaja Masyarakat / Public
(49.7912%) (0.0342%) (50.1746%)
Catatan / Notes:
Ultimate Shareholders Perseroan adalah Bapak Indra Widjaja.
The Ultimate Shareholder of the Company is Mr. Indra Widjaja.
Kebijakan Perlakuan Adil terhadap Fair Treatment of Shareholders
Pemegang Saham [ESG-G.08] Policy [ESG-G.08]
Perseroan menjamin bahwa seluruh Pemegang Saham, baik The Company guarantees that all Shareholders, both majority
mayoritas maupun minoritas, memperoleh akses informasi yang and minority, has equal access to information to prevent
setara untuk mencegah terjadinya asimetri informasi. Keterbukaan asymmetry of information. Information disclosure, including
informasi, termasuk yang terkait dengan informasi orang dalam, the insider information, is managed by Corporate Secretary,
dikelola oleh Sekretaris Perusahaan yang bertanggung jawab who is in charge to deliver information in a transparent, accurate
menyampaikan informasi secara transparan, akurat, dan tepat and timely manner, in accordance with the prevailing laws
waktu sesuai dengan ketentuan peraturan perundang-undangan and regulations.
yang berlaku.
174 - PT Sinar Mas Multiartha Tbk
Page 177
Laporan Tahunan 2025
2025 Annual Report
Realisasi Penggunaan Dana Hasil Penawaran Umum
Realization of Public Offering Proceeds Utilization
Pada tahun 2025, Perseroan memiliki kewajiban atas pelaporan In 2025, the Company had an obligation to report the utilization
penggunaan dana hasil penerbitan Obligasi Berkelanjutan of proceeds from the issuance of Sinar Mas Multiartha
III Sinar Mas Multiartha Tahap I Tahun 2024, Obligasi Sustainable Bonds III Phase I Year 2024, Sinar Mas Multiartha
Berkelanjutan III Sinar Mas Multiartha Tahap II Tahun 2025, Sustainable Bonds III Phase II Year 2025, Sinar Mas Multiartha
Obligasi Berkelanjutan III Sinar Mas Multiartha Tahap III Tahun Sustainable Bonds III Phase III Year 2025, and Sinar Mas
2025, dan Obligasi Berkelanjutan III Sinar Mas Multiartha Tahap Multiartha Sustainable Bonds III Phase IV Year 2025. Details
IV Tahun 2025. Rincian penggunaan dana hasil penawaran on the proceed utilization from the offering of these bonds are
obligasi tersebut diungkapkan sebagai berikut. disclosed as follows.
Nilai Realisasi Hasil Penawaran Umum Sisa Dana
Realisasi
Public Offering Proceeds Realization Value Rencana Hasil
Penggunaan
Penggunaan Penawaran
Dana untuk
Tanggal Total Hasil Biaya Dana untuk Umum
Jenis Modal Kerja
Efektif Penawaran Penawaran Hasil Modal Kerja Remaining Type of Public
Penawaran Realization of
Effective Umum Umum Bersih Working Capital Balance of Offering
Umum Working
Date Total Public Public Net Fund Utilization Public
Capital Fund
Offering Offering Proceeds Plan Offering
Utilization
Proceeds Expenses (Rp) (Rp) Proceeds
(Rp)
(Rp) (Rp) (Rp)
Penawaran
28 Maret Public Offering of
Umum Obligasi
2024 Sinar Mas Multiartha
Berkelanjutan III 1,500,000,000,000 10,802,500,000 1,489,197,500,000 1,489,197,500,000 1,140,748,750,000 348,448,750,000
28 March Sustainable Bonds III
Sinar Mas Multiartha
2024 Phase I Year 2024
Tahap I Tahun 2024
Penawaran
28 Maret Public Offering of
Umum Obligasi
2024 Sinar Mas Multiartha
Berkelanjutan III 800,000,000,000 5,018,800,000 794,981,200,000 800,000,000,000 800,000,000,000 -
28 March Sustainable Bonds III
Sinar Mas Multiartha
2024 Phase II Year 2025
Tahap II Tahun 2025
Penawaran
28 Maret Public Offering of
Umum Obligasi
2024 Sinar Mas Multiartha
Berkelanjutan III 300,000,000,000 1,882,200,000 298,117,800,000 298,117,800,000 298,117,800,000 -
28 March Sustainable Bonds III
Sinar Mas Multiartha
2024 Phase III Year 2025
Tahap III Tahun 2025
Penawaran
28 Maret Public Offering of
Umum Obligasi
2024 Sinar Mas Multiartha
Berkelanjutan III 1,050,000,000,000 6,309,000,000 1,043,691,000,000 1,043,691,000,000 1,043,691,000,000 -
28 March Sustainable Bonds III
Sinar Mas Multiartha
2024 Phase IV Year 2025
Tahap IV Tahun 2025
Keterangan / Remarks:
1. Penerbitan Obligasi Berkelanjutan III Sinar Mas Multiartha Tahap I Tahun 2024 memperoleh dana sebesar Rp1,49 triliun, yang digunakan untuk:
a. Pelunasan seluruh pokok Obligasi Berkelanjutan II Sinar Mas Multiartha Tahap II Tahun 2022 Seri B sebesar Rp13,10 miliar;
b. Pelunasan seluruh pokok Obligasi Berkelanjutan II Sinar Mas Multiartha Tahap I Tahun 2021 Seri C sebesar Rp119 miliar;
c. Menunjang kebutuhan investasi jangka pendek berupa saham, obligasi, dan/atau reksadana sebesar Rp450 miliar;
d. Modal kerja Perseroan, meliputi membayar beban operasional, beban pemasaran, beban pengembangan usaha, dan/atau beban lainnya sehubungan kegiatan usaha Perseroan sebesar Rp50 miliar; dan
e. Sisanya akan digunakan sebagai pinjaman modal kerja kepada Entitas Anak, yakni PT Sinar Mas Multifinance sebesar 50% dan PT AB Sinar Mas Multifinance sebesar 50% untuk menunjang ekspansi kredit.
2. Penerbitan Obligasi Berkelanjutan III Sinar Mas Multiartha Tahap II Tahun 2025 memperoleh dana sebesar Rp800 miliar, yang digunakan untuk:
a. Pelunasan lebih awal Obligasi SMMF, yaitu Obligasi Berkelanjutan III SMMF Tahap II Tahun 2023 Seri A sebesar Rp575 miliar; dan
b. Modal kerja pembiayaan SMMF sebagaimana ditentukan oleh izin yang dimiliki SMMF berdasarkan ketentuan dan perundangan-undangan yang berlaku, dalam hal ini modal kerja pembiayaan dimaksud meliputi
tambahan modal kerja SMMF dalam rangka menyalurkan kredit calon debitur SMMF sebesar Rp225 miliar.
3. Penerbitan Obligasi Berkelanjutan III Sinar Mas Multiartha Tahap III Tahun 2025 memperoleh dana sebesar Rp300 miliar, yang digunakan untuk pelunasan pokok Obligasi Berkelanjutan II Sinar Mas Multiartha
Tahap II Tahun 2022 Seri C.
4. Penerbitan Obligasi Berkelanjutan III Sinar Mas Multiartha Tahap II Tahun 2025 memperoleh dana sebesar Rp1,05 triliun, yang digunakan untuk:
a. Pelunasan seluruh pokok obligasi serta pembayaran bunga ke-20 Obligasi Berkelanjutan I Sinar Mas Multiartha Tahap II Tahun 2020 Seri B;
b. Pelunasan seluruh pokok obligasi serta pembayaran bunga ketiga dan keempat Obligasi Berkelanjutan III Sinar Mas Multiartha Tahap II Tahun 2025 Seri A; dan
c. Modal kerja Perseroan, antara lain untuk membayar beban operasional, beban pemasaran, beban pengembangan usaha, dan/atau beban lainnya sehubungan kegiatan usaha Perseroan.
1. Issuance of Sinar Mas Multiartha Sustainable Bonds III Phase I Year 2024 to raise funds amounting to Rp1.49 trillion, which were allocated for:
a. Full repayment of the principal of Sinar Mas Multiartha Sustainable Bonds II Phase II Year 2022 Series B amounting to Rp13.10 billion;
b. Full repayment of the principal of Sinar Mas Multiartha Sustainable Bonds II Phase I Year 2021 Series C amounting to Rp119 billion;
c. Supporting short-term investment needs in the form of shares, bonds, and/or mutual funds amounting to Rp450 billion;
d. Working capital of the Company, including payment of operational expenses, marketing expenses, business development expenses, and/or other expenses related to the Company’s business activities
amounting to Rp50 billion; and
e. The remainder will be used as working capital loans to Subsidiaries, namely PT Sinar Mas Multifinance (50%) and PT AB Sinar Mas Multifinance (50%) to support credit expansion.
2. Issuance of Sinar Mas Multiartha Sustainable Bond III Phase II Year 2025 raised funds amounting to Rp800 billion, which were allocated for the following purposes:
a. Early redemption of SMMF Bond, namely SMMF Sustainable Bond III Phase II Year 2023 Series A amounting to Rp575 billion; and
b. Working capital for SMMF financing following the license held by SMMF based on applicable laws and regulations, particularly, such working capital financing includes additional working capital for SMMF to
disburse credit to prospective SMMF debtors amounting to Rp225 billion.
3. Issuance of Sinar Mas Multiartha Sustainable Bond III Phase III Year 2025 raised funds amounting to Rp300 billion, which were allocated to repay the principal of Sinar Mas Multiartha Bond II Phase II Year 2022
Series C.
4. The issuance of Sinar Mas Multiartha Sustainable Bonds III Phase II Year 2025 raised proceeds of Rp1.05 trillion, which were used to:
a. Full repayment of the principal and payment of the 20th interest of Sinar Mas Multiartha Sustainable Bonds I Phase II Year 2020 Series B;
b. Full repayment of the principal and payment of the third and fourth interests of Sinar Mas Multiartha Sustainable Bonds III Phase II Year 2025 Series A; and
c. Working capital of the Company, including payment of operational expenses, marketing expenses, business development expenses, and/or other expenses related to the Company’s business activities.
PT Sinar Mas Multiartha Tbk - 175
Page 178
Profil Perusahaan
Company Profile
Program Kepemilikan Saham oleh Karyawan
dan/atau Manajemen
Employee and/or Management Stock Allocation Program
Sepanjang tahun 2025, Perseroan tidak memiliki program Throughout 2025, the Company has no management or
kepemilikan saham bagi manajemen maupun karyawan. Dengan employee stock allocation program. Therefore, there is no report
demikian, Laporan Tahunan ini tidak memuat informasi terkait of such program presented in this Annual Report.
program dimaksud.
Kronologi Pencatatan Saham
Chronological Listing of Shares
Saham Perseroan pertama kali tercatat di Bursa Efek Indonesia The Company initially listed its shares in the Indonesian Stock
pada 5 Juli 1995. Rincian kronologi pencatatan saham hingga Exchange on 5 July 1995. Detailed chronology of listing of
31 Desember 2025 disajikan dalam tabel berikut. shares until 31 December 2025 is presented on the below table.
Nilai Harga
Penambahan Total Saham
Tanggal Nominal Penawaran
Keterangan Saham Beredar
Pelaksanaan Nominal Offering
Description Number of Total Outstanding
Exercise Date Value Price
Shares Issued Shares
(Rp) (Rp)
Pendiri
- - - 450,000,000
Initial Shares
5 Juli 1995 Penawaran Umum Perdana
60,000,000 500 1,800 510,000,000
5 July 1995 Initial Public Offering
15 Agustus 1996 Saham Bonus (10:3)
153,000,000 500 - 663,000,000
15 August 1996 Bonus Shares (10:3)
28 November 1996 PUT I (1:1)
663,000,000 500 750 1,326,000,000
28 November 1996 Right Issue I (1:1)
Konversi Waran Seri I
1997 142,970 500 - 1,326,142,970
Conversion of Warrant Series I
Konversi Waran Seri I
1998 98,521,710 500 - 1,424,664,680
Conversion of Warrant Series I
Konversi Waran Seri I
1999 1,000 500 - 1,424,665,680
Conversion of Warrant Series I
Konversi Waran Seri I
2000 58,500 500 - 1,424,724,180
Conversion of Warrant Series I
Konversi Waran Seri I
2001 19,500 500 - 1,424,743,680
Conversion of Warrant Series I
176 - PT Sinar Mas Multiartha Tbk
Page 179
Laporan Tahunan 2025
2025 Annual Report
Nilai Harga
Penambahan Total Saham
Tanggal Nominal Penawaran
Keterangan Saham Beredar
Pelaksanaan Nominal Offering
Description Number of Total Outstanding
Exercise Date Value Price
Shares Issued Shares
(Rp) (Rp)
7 Maret 2003 Reverse Stock Split (1:10)
- 5,000 - 142,474,368
7 March 2003 Reverse Stock Split (1:10)
25 Juli 2003 PUT II Saham Seri B
2,137,115,520 100 100 2,279,589,888
25 July 2003 Right Issue II Series B
Konversi Waran Seri II
2004 566,646,650 100 - 2,846,236,538
Conversion of Warrant Series II
20 Juli 2005 PUT III Saham Seri B
991,325,341 100 125 3,837,561,879
20 July 2005 Right Issue III Series B
Konversi Waran Seri II
2005 2,413,266 100 - 3,839,975,145
Conversion of Warrant Series II
Konversi Waran Seri II
2006 47,066 100 - 3,840,022,211
Conversion of Warrant Series II
Konversi Waran Seri III
2006 298,830,000 100 - 4,138,852,211
Conversion of Warrant Series III
Konversi Waran Seri II
2007 180,500 100 - 4,139,032,711
Conversion of Warrant Series II
Konversi Waran Seri III
2007 683,022,704 100 - 4,822,055,415
Conversion of Warrant Series III
16 Juni 2008 PUT IV Saham Seri B
964,528,953 100 100 5,786,584,368
16 June 2008 Right Issue IV Series B
Konversi Waran Seri II
2008 655,569 100 - 5,787,239,937
Conversion of Warrant Series II
Konversi Waran Seri III
2008 425,478 100 - 5,787,665,415
Conversion of Warrant Series III
Konversi Waran Seri III
2009 8,828,686 100 - 5,796,494,101
Conversion of Warrant Series III
Konversi Waran Seri IV
2009 383,764,094 100 - 6,180,258,195
Conversion of Warrant Series IV
Konversi Waran Seri III
2010 1,600,804 100 - 6,181,858,999
Conversion of Warrant Series III
Konversi Waran Seri IV
2010 41,933,667 100 - 6,223,792,666
Conversion of Warrant Series IV
Konversi Waran Seri IV
2011 8,745,391 100 - 6,232,538,057
Conversion of Warrant Series IV
Konversi Waran Seri IV
2012 3,395,219 100 - 6,235,933,276
Conversion of Warrant Series IV
Konversi Waran Seri IV
2013 1,875,441 100 - 6,237,808,717
Conversion of Warrant Series IV
22 Desember 2015 PMTHMETD
119,856,000 100 - 6,357,664,717
22 December 2015 Private Placement
16 Agustus 2016 PMTHMETD
10,000,000 100 - 6,367,664,717
16 August 2016 Private Placement
Konversi PMTHMTED Saham Seri B
2 Juni 2017 menjadi Saham Saham Seri A
- 500 - 6,367,664,717
2 June 2017 Conversion of Private Placement of
Series B Shares to Series A Shares
PT Sinar Mas Multiartha Tbk - 177
Page 180
Profil Perusahaan
Company Profile
Pada 14 Juni 1995, Perseroan mendapatkan pernyataan efektif dari Ketua Bapepam melalui Surat No. S-759/PM/1995 untuk
mencatatkan saham di Bursa Efek Jakarta dan Bursa Efek Surabaya. Berikutnya, Perseroan melakukan Penawaran Umum Perdana
atas 60.000.000 saham dengan nilai nominal sebesar Rp500,- per saham dan harga penawaran sebesar Rp1.800,- per saham.
1995 The Company received an effective statement from the Chairman of Capital Market Supervisory Agency (Bapepam) on
14 June 1995, through letter No. S-759/PM/1995 to list its shares in the Jakarta Stock Exchange and Surabaya Stock Exchange.
The Company then conducts an Initial Public Offering of 60,000,000 shares with a nominal value of Rp500 per share at the offering
price of Rp1,800 per share.
Pada 8 November 1996, Perseroan mendapatkan pernyataan efektif dari Ketua Bapepam melalui Surat No. S-1811/PM/1996
untuk melakukan Penawaran Umum Terbatas (PUT) I atas 663.000.000 saham dengan nilai nominal sebesar Rp500,- per saham
dan harga penawaran sebesar Rp750,- per saham. Saat PUT I tersebut, melekat 99.450.000 Waran Seri I yang diterbitkan dengan
cuma-cuma.
1996
The Company obtained an effective statement from the Chairman of Capital Market Supervisory Agency (Bapepam) on
8 November 1996, through Letter No. S-1811/PM/1996, to carry out Right Issue I for 663,000,000 shares with a nominal value
of Rp500 per share at the offering price of Rp750 per share. In this Right Issue I, as a bonus, shareholders will also be given
99,450,000 Series I Warrants.
Perseroan melakukan reverse stock untuk saham yang telah diterbitkan (saham Seri A) sehingga nilai nominal yang semula
Rp500,- per saham menjadi Rp5.000,- per saham. Pada 23 Juni 2003, Perseroan mendapatkan pernyataan efektif dari Ketua
Bapepam melalui Surat No. S-1485/PM/2003 untuk melakukan PUT II dalam rangka penerbitan Hak Memesan Efek Terlebih
Dahulu (HMETD) atas 2.137.115.520 saham Seri B dengan nilai nominal sebesar Rp100,- per saham dan harga penawaran sebesar
Rp100,- per saham. Pada setiap 15 saham Seri B yang diterbitkan tersebut, melekat 15 Waran Seri II yang diberikan oleh Perseroan.
2003
The Company conducts a reverse stock on Series A Shares, this corporate action changed the nominal value from
Rp500 per share to Rp5,000 per share. On 23 June 2003, the Company obtained an effective statement from the Chairman
of Capital Market Supervisory Agency (Bapepam) through letter No. S-1485/PM/2003 to conduct Right Issue II on
2,137,115,520 Series B Shares with a nominal value of Rp100 per share at the offering price of Rp100 per share. The Company will
give 15 Series II Warrants for each of the 15 Series B Shares issued.
Pada 27 Juni 2005, Perseroan mendapatkan pernyataan efektif dari Ketua Bapepam melalui Surat No. S-1691/PM/2005 untuk
melakukan PUT III dalam rangka penerbitan HMETD atas 991.325.341 saham Seri B dengan nilai nominal Rp100,- per saham. Setiap
pemegang 500 saham Seri A maupun saham Seri B di Perseroan berhak untuk membeli 174 saham Seri B yang diterbitkan tersebut
dengan harga pelaksanaan Rp125,- per saham. Pada setiap 1 saham Seri B yang diterbitkan tersebut melekat 1 Waran Seri III yang
diberikan oleh Perseroan.
2005
On 27 June 2005, the Company obtained an effective statement from the Chairman of Capital Market Supervisory Agency
(Bapepam) through letter No. S-1691/PM/2005 to conduct Right Issue III on 991,325,341 Series B Shares with a nominal value of
Rp100 per share. Each shareholder of 500 Series A Shares and Series B Shares has the right to purchase 174 Series B Shares that
will be issued at the exercise price of Rp125 per share. Furthermore, each 1 of the newly issued Series B Shares will receive 1 Series
III Warrants.
Pada 16 Juni 2008, Perseroan mendapatkan pernyataan efektif dari Ketua Bapepam melalui surat No. S-3859/BL/2008 untuk
melakukan PUT IV dalam rangka penerbitan HMETD atas 966.427.608 saham Seri B dengan nilai nominal Rp100,- per saham. Setiap
pemegang 10 saham Seri A maupun saham Seri B di Perseroan berhak untuk membeli 2 saham Seri B yang diterbitkan tersebut
dengan rasio perbandingan 10:2:3 dan harga pelaksanaan Rp100,- per saham. Pada setiap 2 saham Seri B yang diterbitkan tersebut
2008 melekat 3 Waran Seri IV yang diberikan oleh Perseroan secara cuma-cuma.
On 16 June 2008, the Company obtained an effective statement from the Chairman of Capital Market Supervisory Agency
(Bapepam) through letter No. S-3859/BL/2008 to conduct Right Issue IV on 966,427,608 Series B Shares with a nominal value of
Rp100 per share. Each shareholder of 10 Series A Shares and Series B Shares has the right to buy 2 Series B Shares, with a ratio of
10:2:3 at the exercise price of Rp100 per share. Each of 2 Series B Shares issued will receive 3 Warrants Series IV.
Berdasarkan Akta Notaris Aryanti Artisari, SH, MKn No. 51 tanggal 20 November 2015 tentang Berita Acara Rapat Umum Pemegang
Saham Luar Biasa (RUPS Luar Biasa), Pemegang Saham Perseroan menyetujui untuk menerbitkan 623.780.871 saham baru Seri
B yang berasal dari saham portepel Perseroan dengan nilai nominal Rp100,- melalui Penambahan Modal Tanpa Hak Memesan
Efek Terlebih Dahulu (PMTHMETD). Pada 22 Desember 2015, Perseroan melaksanakan PMTHMETD sebanyak 119.856.000 saham
Seri B dengan jumlah dana yang diperoleh sebesar Rp600,00 miliar.
2015
Based on Notary Deed Aryanti Artisari, SH, MKn No. 51 dated 20 November 2015 concerning Minutes of Extraordinary General
Meeting of Shareholders (Extraordinary GMS), the Shareholders of the Company agreed to conduct a Private Placement to issue
623,780,871 Series B new shares originating from the Company’s shares portfolio with a nominal value of Rp100. On 22 December
2015, the Company again conducted a Private Placement to issue 119,856,000 Series B Shares, the total fund obtained from this
Private Placement was to Rp600.00 billion.
Pada 16 Agustus 2016, Perseroan melaksanakan PMTHMETD sebanyak 10.000.000 saham Seri B dengan jumlah dana yang
diperoleh sebesar Rp50,06 miliar.
2016
On 16 August 2016, the Company again conducted a Private Placement of 10,000,000 Series B Shares with the amount of funds
received was Rp50.06 billion.
Pada 2 Juni 2017, Perseroan melaksanakan konversi PMTHMTED saham Seri B yang telah ditukar menjadi saham sebanyak
129.856.000 saham sehingga jumlah saham Seri A dan Seri B sebanyak 6.367.664.717 saham.
2017
On 2 June 2017, the Company converted Series B shares from Private Placement to 129,856,000 shares, bringing the total number
of Series A and Series B shares to 6,367,664,717 shares.
178 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
Kebijakan dan Pembagian Dividen
Dividend Policy and Distribution
Kebijakan Dividen Dividend Policy
Penetapan dividen Perseroan dilakukan oleh Pemegang The Company’s dividend is decided by the Shareholders
Saham melalui Rapat Umum Pemegang Saham (RUPS) through the Annual General Meeting of Shareholders (GMS),
Tahunan, dengan mempertimbangkan kondisi keuangan, arah by considering the financial conditions, direction of business
pertumbuhan usaha, serta dinamika industri. Pelaksanaannya growth, as well as industry dynamics. Its implementation could
dapat didelegasikan kepada Direksi sepanjang tetap mengacu be delegated to the Board of Directors with due observance
pada ketentuan peraturan perundang-undangan yang berlaku. to the applicable laws and regulations.
Berdasarkan keputusan RUPS Tahunan tanggal 19 Juni 2025, According to Annual GMS resolutions held on 19 June 2025,
Perseroan tidak membagikan dividen kepada Pemegang the Company decided not to distribute any dividend to
Saham. Laba tahun berjalan yang tidak dibagikan dialokasikan the Shareholders. The undistributed profit for the year will
sebagai laba ditahan, dan dimanfaatkan untuk memperkuat be allocated as retained earnings and used to strengthen
modal kerja serta mendukung penyertaan modal atau investasi the Company’s working capital, as well as capital investment or
pada Entitas Anak maupun Entitas Asosiasi, baik yang telah ada investment at its Subsidiaries and Association, both existing or
maupun yang baru akan dibentuk. newly established.
Rincian Pembagian Dividen Details of Dividend Distribution
Berikut disampaikan informasi mengenai rincian pembagian Following are the details related to the Company’s dividend
dividen Perseroan sejak saham tercatat di Bursa Efek Indonesia. distribution since its initial listing in the Indonesian Stock
Exchange.
Rasio Jumlah
Total Dividen Total Laba Bersih
Dividen Tunai per Saham Dividen terhadap
Tahun (jutaan Rupiah) (jutaan Rupiah)
Cash Dividend per Share Laba Bersih
Year Total Dividend Amount Total Net Income
(Rp) Dividend Pay Out Ratio
(million Rupiah) (million Rupiah)
(%)
1995 56 28,560 142,242 20.08
1996 39 51,714 197,979 26.12
1999 5 7,123 401,276 1.78
2009 1 6,182 700,098 0.88
2010 1 6,224 1,277,814 0.49
2011 1 6,236 1,974,592 0.32
2012 1 6,237 1,567,801 0.40
2013 1 6,238 1,122,202 0.56
2014 1 6,238 1,213,130 0.51
2015 1 6,238 (992,853) (0.63)
2016 1 6,238 1,689,850 0.38
2017 1 6,238 1,838,457 0.35
2018 1 6,238 1,537,695 0.41
PT Sinar Mas Multiartha Tbk - 179
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Profil Perusahaan
Company Profile
Kronologi Pencatatan Obligasi
Chronological Listing of Bonds
Kronologi pencatatan obligasi Perseroan hingga Desember 2025 The chronological listing of Company bonds up to December 2025
diuraikan dalam tabel berikut. is outlined in the following table.
Tingkat
Total Obligasi Peringkat
Tanggal Jatuh Bunga Kupon
Uraian (jutaan Rupiah) Tanggal Efektif Obligasi
Tempo Coupon
Description Total Bonds Effective Date Bonds
Maturity Date Interest Rate
(million Rupiah) Rating
(%)
Obligasi Berkelanjutan I Sinar Mas
Multiartha Tahap I Tahun 2020 Seri A*) 8 September 2020 13 September 2022
55,000 8.00 AA
Sinar Mas Multiartha Sustainable Bond I 8 September 2020 13 September 2022 Ir
Phase I Year 2020 A Series*)
Obligasi Berkelanjutan I Sinar Mas
Multiartha Tahap I Tahun 2020 Seri B*) 8 September 2020 8 September 2022
55,000 8.50 AA
Sinar Mas Multiartha Sustainable Bond I 8 September 2020 8 September 2022 Ir
Phase I Year 2020 B Series*)
Obligasi Berkelanjutan I Sinar Mas
Multiartha Tahap I Tahun 2020 Seri C*) 8 September 2020 8 September 2023
15,000 9.00 AA
Sinar Mas Multiartha Sustainable Bond I 8 September 2020 8 September 2023 Ir
Phase I Year 2020 C Series*)
Obligasi Berkelanjutan I Sinar Mas
Multiartha Tahap II Tahun 2020 Seri A*) 11 November 2020 11 November 2023
1,000 9.00 AA
Sinar Mas Multiartha Sustainable Bond I 11 November 2020 11 November 2023 Ir
Phase II Year 2020 A Series*)
Obligasi Berkelanjutan I Sinar Mas
Multiartha Tahap II Tahun 2020 Seri B*) 31 Agustus 2020 11 November 2025
874,000 10.25 AA
Sinar Mas Multiartha Sustainable Bond I 31 August 2020 11 November 2025 Ir
Phase II Year 2020 B Series*)
Obligasi Berkelanjutan II Sinar Mas
Multiartha Tahap I Tahun 2021 Seri A*) 7 September 2021 17 September 2022
507,000 6.75 AA
Sinar Mas Multiartha Sustainable Bond II 7 September 2021 17 September 2022 Ir
Phase I Year 2021 A Series*)
Obligasi Berkelanjutan II Sinar Mas
Multiartha Tahap I Tahun 2021 Seri B*) 7 September 2021 7 September 2023
79,700 8.00 AA
Sinar Mas Multiartha Sustainable Bond II 7 September 2021 7 September 2023 Ir
Phase I Year 2021 B Series*)
Obligasi Berkelanjutan II Sinar Mas
Multiartha Tahap I Tahun 2021 Seri C*) 7 September 2021 7 September 2024
119,000 8.75 AA
Sinar Mas Multiartha Sustainable Bond II 7 September 2021 7 September 2024 Ir
Phase I Year 2021 C Series*)
Obligasi Berkelanjutan II Sinar Mas
Multiartha Tahap II Tahun 2022 Seri A*) 27 Agustus 2022 6 September 2023
429,350 6.75 AA
Sinar Mas Multiartha Sustainable Bond II 27 August 2022 6 September 2023 Ir
Phase II Year 2022 A Series*)
Obligasi Berkelanjutan II Sinar Mas
Multiartha Tahap II Tahun 2022 Seri B*) 27 Agustus 2022 26 Agustus 2024
13,100 8.00 AA
Sinar Mas Multiartha Sustainable Bond II 27 August 2022 26 August 2024 Ir
Phase II Year 2022 B Series*)
Obligasi Berkelanjutan II Sinar Mas
Multiartha Tahap II Tahun 2022 Seri C*) 27 Agustus 2022 26 Agustus 2025
305,131 9.00 AA
Sinar Mas Multiartha Sustainable Bond II 27 August 2022 26 August 2025 Ir
Phase II Year 2022 C Series*)
180 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
Tingkat
Total Obligasi Peringkat
Tanggal Jatuh Bunga Kupon
Uraian (jutaan Rupiah) Tanggal Efektif Obligasi
Tempo Coupon
Description Total Bonds Effective Date Bonds
Maturity Date Interest Rate
(million Rupiah) Rating
(%)
Obligasi Berkelanjutan II Sinar Mas
Multiartha Tahap II Tahun 2022 Seri D 27 Agustus 2021 26 Agustus 2027
1,102,000 9.75 AA
Sinar Mas Multiartha Sustainable Bond II 27 August 2021 26 August 2027 Ir
Phase II Year 2022 D Series
Obligasi Berkelanjutan II Sinar Mas
Multiartha Tahap III Tahun 2022 Seri A 27 Agustus 2021 4 Oktober 2027
580,000 9.75 AA
Sinar Mas Multiartha Sustainable Bond II 27 August 2021 4 October 2027 Ir
Phase III Year 2022 A Series
Obligasi Berkelanjutan II Sinar Mas
Multiartha Tahap III Tahun 2022 Seri B 27 Agustus 2021 4 Oktober 2032
1,080,000 10.50 AA
Sinar Mas Multiartha Sustainable Bond II 27 August 2021 4 October 2032 Ir
Phase III Year 2022 B Series
Obligasi Berkelanjutan II Sinar Mas
Multiartha Tahap IV Tahun 2023 27 Agustus 2021 7 Maret 2033
784,719 10.50 AA
Sinar Mas Multiartha Sustainable Bond II 27 August 2021 7 March 2033 Ir
Phase IV Year 2023
Obligasi Berkelanjutan III Sinar Mas
Multiartha Tahap I Tahun 2024 28 Maret 2024 5 April 2029
1,500,000 10,00 AA
Sinar Mas Multiartha Sustainable Bond III 28 March 2024 5 April 2029 Ir
Phase I Year 2024
Obligasi Berkelanjutan III Sinar Mas
Multiartha Tahap I Tahun 2024 5 April 2024 5 April 2029
1,500,000 10.00 AA
Sinar Mas Multiartha Sustainable Bond III 5 April 2024 5 April 2029 Ir
Phase I Year 2024
Obligasi Berkelanjutan III Sinar Mas
Multiartha Tahap II Tahun 2025 Seri A 28 Maret 2024 27 Januari 2026
100,000 7.00 AA
Sinar Mas Multiartha Sustainable Bond III 28 March 2024 27 January 2026 Ir
Phase II Year 2025 A Series
Obligasi Berkelanjutan III Sinar Mas
Multiartha Tahap II Tahun 2025 Seri B 28 Maret 2024 17 Januari 2028
500,000 8.25 AA
Sinar Mas Multiartha Sustainable Bond III 28 March 2024 17 January 2028 Ir
Phase II Year 2025 B Series
Obligasi Berkelanjutan III Sinar Mas
Multiartha Tahap II Tahun 2025 Seri C 28 Maret 2024 17 Januari 2030
200,000 9.00 AA
Sinar Mas Multiartha Sustainable Bond III 28 March 2024 17 January 2030 Ir
Phase II Year 2025 C Series
Obligasi Berkelanjutan III Sinar Mas
Multiartha Tahap III Tahun 2025 28 Maret 2024 21 Agustus 2030
300,000 8.50 AA
Sinar Mas Multiartha Sustainable Bond III 28 March 2024 21 August 2030 Ir
Phase III Year 2025
Obligasi Berkelanjutan III Sinar Mas
Multiartha Tahap IV Tahun 2025 28 Maret 2024 23 Oktober 2030
1,050,000 8.00 AA
Sinar Mas Multiartha Sustainable Bond III 28 March 2024 23 October 2030 Ir
Phase IV Year 2025
Keterangan / Remarks:
*)
Obligasi telah dilunasi oleh Perseroan. / The bonds have been redeemed by the Company.
Peringkat Obligasi dicatatkan oleh PT Kredit Rating Indonesia. / Bonds Ratings are recorded by PT Kredit Rating Indonesia.
PT Sinar Mas Multiartha Tbk - 181
Page 184
Profil Perusahaan
Company Profile
Lembaga Penunjang Pasar Modal
Capital Market Supporting Institution
Akuntan Publik Konsultan Hukum
Public Accountant Firm Legal Consultant
Mirawati Sensi Idris Lasut Pane & Partners
(member of Moore Global Network Limited)
Intiland Tower Lt. 7 / 7th Fl. Jl. Hang Tuah Raya No. 29
Jl. Jenderal Sudirman Kav. 32 Kebayoran Baru
Jakarta 10220 Jakarta 12120
(021) 570 8012 (021) 720 7359/720 4279
(021) 570 8111 (021) 720 4275
Jasa : Audit Laporan Keuangan Perseroan. Jasa : Konsultasi perkara hukum Perseroan.
Services To audit the Company’s Financial Statements. Services To provide consultation about Company’s legal cases.
Periode : 2025 Biaya : Rp553,000,000 Periode : 2025 Biaya : Rp480,000,000
Period Cost Period Cost
Biro Administrasi Efek Penjamin Emisi Obligasi
Securities Administration Bureau Bond Underwriter
PT Sinartama Gunita PT Sinarmas Sekuritas
Menara Tekno Lt. 7 / 7th Fl. Sinarmas Land Plaza Tower 3 Lt. 5-6 / 5-6th Fl.
Jl. Fachruddin No. 19 Jl. MH Thamrin No. 51
Jakarta Pusat / Central Jakarta 10250 Jakarta Pusat / Central Jakarta 10350
(021) 392 2332 (021) 392 5550
(021) 392 3003 (021) 392 5540/7177
helpdesk1@sinartama.co.id cs@sinarmassekuritas.co.id
www.sinartamagunita.com www.sinarmassekuritas.co.id
Jasa : Pengelolaan administrasi dan pencatatan pada Pemegang Jasa : Penjamin pelaksana emisi obligasi.
Services Saham Perseroan. Services Bond lead underwriters.
To manage the administration and registration of the Company’s
Shareholders.
Periode : 2025 Biaya : Rp48,150,000 Periode : 2025 Biaya : Rp5,568,750,000
Period Cost Period Cost
Penjamin Emisi Obligasi Pemeringkat Efek
Bond Underwriter Rating Agency
PT Aldiracita Sekuritas Indonesia PT Kredit Rating Indonesia
Menara Tekno Lt. 9 / 9th Fl. Sinar Mas Land Plaza Tower III Lt. 11 / 11th Fl.
Jl. Fachruddin No. 19 Jl. MH Thamrin No. 51 Kav. 22
Jakarta Pusat / Central Jakarta 10250 Jakarta Pusat / Central Jakarta 10350
(021) 3970 5858 (021) 3983 4411
(021) 3970 5850
www.aldiracita.com
Jasa : Penjamin pelaksana emisi obligasi. Jasa : Pemeringkat obligasi yang diterbitkan Perseroan.
Services Bond lead underwriters. Services Assign rating to bonds issued by the Company.
Periode : 2025 Biaya : Rp4,681,250,000 Periode : 2025 Biaya : Rp1,130,000,000
Period Cost Period Cost
Notaris Wali Amanat
Notary Trustee
Aulia Taufani, SH PT Bank KB Bukopin Tbk
Menara Sudirman Lt. 17 / 7th Fl. Gedung Bank Bukopin Lt. 8 / 8th Fl.
Jl. Jenderal Sudirman Kav. 60 Jl. MT Haryono Kav. 50-51
Jakarta 12190 Jakarta Selatan / South Jakarta 12770
(021) 5289 2366 (021) 798 0640
(021) 520 4780 (021) 798 0705
Jasa : Pembuatan akta Perseroan. Jasa : Perwakilan Pemegang Obligasi.
Services To prepare and issue the Company’s deeds. Services Representative of Bond Holders.
Periode : 2025 Biaya : Rp300,000,000 Periode : 2025 Biaya : Rp929,843,800
Period Cost Period Cost
182 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
Jumlah biaya yang dikeluarkan Perseroan sepanjang tahun Total expenses spent by the Company throughout 2025 for
2025 untuk Penjamin Emisi Obligasi, Profesi dan Lembaga Bond Underwriter, Capital Market Supporting Profession
Penunjang Pasar Modal, serta komponen biaya lainnya tercatat and Institution, as well as other expenses amounted to
sebesar Rp13,69 miliar. Rp13.69 billion.
Informasi pada Situs Web Perseroan
Information on the Company’s Website
Komitmen Perseroan terhadap keterbukaan informasi diwujudkan The Company’s commitment to information disclosure can
melalui situs web resmi www.smma.co.id, yang menyajikan be seen through its official website www.smma.co.id, presenting
informasi terkini dan relevan bagi seluruh pemangku kepentingan. the latest and relevant information for all stakeholders.
Penyediaan informasi tersebut telah sesuai dengan ketentuan The provision of information has been in line with the Financial
Peraturan Otoritas Jasa Keuangan (POJK) No. 8/POJK.04/2015 Services Authority Regulation (POJK) No. 8/POJK.04/2015
tentang Situs Web Emiten atau Perusahaan Publik. regarding the Issuer and Public Company Website.
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PT Sinar Mas Multiartha Tbk - 183
Page 186
Profil Perusahaan
Company Profile
Sumber Daya Manusia
Human Resources
Kegiatan operasional Perseroan tidak dapat berjalan optimal The Company operations cannot run optimally without
tanpa dukungan sumber daya manusia (SDM) sebagai the support of Human Resources (HR) as the main driving
penggerak utama. Perseroan memandang SDM sebagai aset force. The Company considers HR as the most valuable asset
yang paling berharga dan secara konsisten mengelolanya melalui and consistently managing it through well oriented development
program pengembangan yang terarah serta berlandaskan pada program, based on best practices.
praktik terbaik.
Pengelolaan SDM HR Management
Dalam pengelolaan SDM, Perseroan menerapkan pendekatan In terms of HR management, the Company uses capacity
capacity building. Pendekatan ini dilakukan melalui pemetaan building approach. This approach is implemented through
kompetensi, program pendidikan berkelanjutan, evaluasi kinerja, competence mapping, continuous education, performance
serta pengembangan jenjang karier. assessments, and career path development.
Vision & Mision
Retirement RJPP Man Power Planning
Salary, Reward, and Sanctions Competition based Human Resources Selection Recruitment
Assessment Work Career System Education and Development
Rekrutmen Recruitment
Perseroan berkomitmen menghadirkan SDM yang unggul dan The Company is committed to have excellent and competent
kompeten melalui proses rekrutmen yang adil, transparan, serta HR through a fair, transparent recruitment process, as well as
menjunjung tinggi prinsip kesetaraan dan anti-diskriminasi. upholding the equality and anti-discrimination principles. This
Proses ini terbuka bagi seluruh calon yang memenuhi kriteria, process is open to all qualified candidate, either a fresh graduate
baik fresh graduate maupun profesional berpengalaman. or experienced professional.
Rekrutmen untuk Perseroan dan Entitas Anak dilakukan melalui: The recruitment for the Company and its Subsidiaries is carried
out by:
1. Berkolaborasi dengan universitas-universitas terbaik di 1. Collaborating with the best universities in Indonesia;
Indonesia;
2. Berpartisipasi dalam berbagai bursa kerja (job fair); dan 2. Participating in various job fair; and
3. Situs web karier Entitas Anak dan situs web pencari kerja, 3. Utilizing Subsidiaries’ career website and other job seeker’s
seperti Jobstreet. website such as Jobstreet.
Selain itu, Perseroan dan Entitas Anak juga menjalin kerja sama In addition, the Company and its Subsidiaries also collaborate
dengan pihak eksternal, termasuk penyedia jasa tenaga kerja with external parties, such as outsourcing provider as an effort
(outsourcing), untuk mendukung pemenuhan kebutuhan SDM to meet HR needs in line with business requirements.
sesuai kebutuhan bisnis.
184 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
Komposisi SDM [POJK.51-C.3] HR Composition [POJK.51-C.3]
Komposisi SDM Perseroan mengalami peningkatan, dari There was an increase in the Company’s human resources
51 orang di tahun 2024 menjadi 60 orang di tahun 2025. composition, from 51 employees in 2024 to 60 employees
Sementara, jumlah karyawan dari Grup tercatat sebanyak in 2025. Meanwhile, total employees within the Group was
8.911 orang. recorded at 8,911 employees.
Selain itu, Perseroan juga memastikan bahwa pengelolaan SDM The Company also ensures that the HR management is done
dilakukan secara efektif, Perseroan secara konsisten memantau effectively, by consistently monitor the employee composition
komposisi karyawan berdasarkan berbagai aspek, seperti based on multiple aspects, such as gender, employment status,
jenis kelamin, status kepegawaian, tingkat pendidikan, jenjang education level, position level, age range, and main activities
jabatan, rentang usia, serta aktivitas utama sesuai dengan in line with operational needs. Information related to HR
kebutuhan operasional. Adapun informasi mengenai komposisi composition in the past 3 years is detailed as follows.
SDM dalam 3 tahun terakhir dirinci sebagai berikut.
Komposisi Karyawan Perseroan berdasarkan Jenjang Pendidikan
Company Employee Composition based on Education
Uraian 2025 2024 2023 Description
Pasca Sarjana (S2) 12 11 11 Post Graduate Degree (S2)
Sarjana (S1) 41 35 41 Bachelor Degree (S1)
Sarjana Muda/Diploma 1 2 1 Diploma
SMU 6 3 3 Senior High School
Total 60 51 56 Total
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Profil Perusahaan
Company Profile
Komposisi Karyawan Perseroan berdasarkan Jenjang Manajemen
Company Employee Composition based on Management Level
Uraian 2025 2024 2023 Description
Dewan Komisaris dan Direksi 10 9 10 Board of Commissioners and Board of Directors
Manajer 5 7 2 Manager
Supervisor 4 1 7 Supervisor
Staf 41 34 37 Staff
Total 60 51 56 Total
Komposisi Karyawan Perseroan berdasarkan Jenjang Usia [ESG-S.02]
Company Employee Composition based on Age
Uraian 2025 2024 2023 Description
18-24 tahun 2 6 6 18-24 years old
25-34 tahun 35 29 33 25-34 years old
35-44 tahun 10 5 3 35-44 years old
45-54 tahun 3 4 6 45-54 years old
>55 tahun 10 7 8 >55 years old
Total 60 51 56 Total
Komposisi Karyawan Perseroan berdasarkan Status
Company Employee Composition based on Status
Uraian 2025 2024 2023 Description
Tetap 60 51 56 Permanent
Tidak Tetap - - - Non-Permanent
Total 60 51 56 Total
Komposisi Karyawan Perseroan berdasarkan Jenis Kelamin
Company Employee Composition based on Gender
Uraian 2025 2024 2023 Description
Pria 40 35 38 Male
Wanita 20 16 18 Female
Total 60 51 56 Total
Komposisi Karyawan Perseroan berdasarkan Aktivitas Utama
Company Employee Composition based on Main Activities
Uraian 2025 2024 2023 Description
Keuangan dan Akuntansi 3 2 1 Financing and Accounting
Audit Internal 1 - 1 Internal Audit
Legal 1 1 1 Legal
Teknologi Informasi (TI) 36 37 41 Information Technology (IT)
Satuan Kerja Lainnya 19 11 12 Other Work Units
Total 60 51 56 Total
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Tingkat Pergantian Karyawan [ESG-S.03]
Employee Turnover Rate
Persentase Karyawan
Uraian Total Karyawan 2025
Percentage of Employees
Description Total Employees 2025
(%)
Total Karyawan Resign/Pemutusan Hubungan Kerja
3 5.00
Total Employees Resigning/Terminating Employment
Total Karyawan Baru/Pengganti
12 20.00
Total New/Replacement Employees
Total Karyawan Sementara [ESG-S.04]
Total Temporary Employees
Persentase Karyawan
Uraian Total Karyawan 2025
Percentage of Employees
Description Total Employees 2025
(%)
Total Karyawan perusahaan yang Dipegang oleh Kontraktor dan/atau
Nihil Nihil
Konsultan
None None
Total Employees Held by Contractors and/or Consultants
Tingkat Perputaran Karyawan
Turnover Rate
Uraian 2025 2024 2023 Description
Karyawan Keluar 3 6 7 Leaving Employee
Total Karyawan 60 51 56 Total Employee
Tingkat Perputaran Karyawan (%) 5.41 11.22 13.21 Turnover Rate (%)
Pengembangan Kualitas [POJK.51-F.22] [ESG-S.05] Quality Development [POJK.51-F.22] [ESG-S.05]
Pengembangan kualitas SDM menjadi prioritas Perseroan dalam The Company prioritize HR quality development to support
mendukung keberlanjutan bisnis. Untuk itu, berbagai program business sustainability. Accordingly, various training and
pelatihan dan pengembangan kompetensi diselenggarakan competency development program are held in a structured
secara terstruktur, meliputi in-house training, coaching, manner, including in-house training, coaching, professional,
profesional, gelar keprofesian dan seminar/workshop dari professional degree, and seminar/workshop of various field in
berbagai bidang yang dibutuhkan. need.
Pada tahun 2025, Entitas Anak Perseroan, Bank Sinarmas, telah In 2025, the Company's Subsidiaries, Bank Sinarmas, held several
melaksanakan sejumlah inisiatif pengembangan SDM yang HR development initiatives, as detailed below.
diuraikan sebagai berikut.
Program Pengembangan Kompetensi
Competency Development Program
Pelatihan terkait Sertifikasi Manajemen Risiko Training related to Risk Management Certification
Pelatihan terkait WPPE-P Training related to WPPE-P
Banking Certification-Sistem Pembayaran Banking Certification-Payment System
General Certification-Information Technology General Certification-Information Technology
General Certification-Internal Audit General Certification-Internal Audit
General Certification-Kepatuhan General Certification-Compliance
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Profil Perusahaan
Company Profile
Program Pengembangan Kompetensi
Competency Development Program
General Certification-Manajemen SDM General Certification-HR Management
Leadership Skill-Decision Making Leadership Skill-Decision Making
Leadership Skill-Development Program Leadership Skill-Development Program
Leadership Skill-Team Management Leadership Skill-Team Management
Pelatihan terkait technical skill meliputi berbagai bidang, antara lain Training related to technical skill covered various topics, including
Health, Safety & Environment (HSE), APU-PPT dan PPPSPM, Artificial Health, Safety & Environment (HSE), AML-CTF and CPF, Artificial
Intelligence Literacy, serta Bancassurance. Intelligence Literacy, and Bancassurance.
Persentase Total Karyawan yang
Rata-Rata Jam Pelatihan per Total Karyawan yang Mengikuti Mengikuti Program Pengembangan
Karyawan Program Pengembangan Percentage of Total Employees
Average Training Hour Total Employees Participating in the Participated in the Development
per Employee Development Programs Programs
(%)
84.05 jam / hours 4,612 77.71
Untuk kegiatan pengembangan kualitas, Bank Sinarmas telah Bank Sinarmas has incurred expenses of Rp21,263,495,144 for
mengeluarkan biaya sebesar Rp21.263.495.144,- selama tahun quality development activities throughout 2025.
2025.
Penilaian Kinerja Performance Assessment
Perseroan melaksanakan evaluasi kinerja karyawan secara The Company carries out an annual performance assessment
berkala setiap tahun untuk menilai pencapaian terhadap target to measure the achievement of targets and work standards.
dan standar kerja. Evaluasi dilakukan dengan metode berbasis The evaluation was based on Key Performance Indicators
Key Performance Indicators (KPI), dan hasilnya dijadikan dasar (KPI) method, and the results are used as a basis to
dalam pemberian penghargaan, insentif, pengembangan karier, provide award, incentive, career development, as well as
serta penegakan sanksi apabila diperlukan. to impose any necessary sanction.
Pengembangan Karier Career Development
Pengembangan karier karyawan merupakan salah satu Employee career development is one of the main focuses
fokus utama Perseroan dalam mendukung pengelolaan SDM of the Company in supporting a constructive and continuous
yang konstruktif dan berkelanjutan. Perseroan memberikan HR management. The Company provides equal opportunities
kesempatan yang setara bagi seluruh karyawan untuk for all employees to participate in the career development
mengikuti program pengembangan karier, dengan tujuan programs, with an aim to motivate them to optimize their
memotivasi mereka agar dapat mengoptimalkan kemampuan capabilities and to grow professionally. The implementation of
serta berkembang secara profesional. Pelaksanaan career development program is based on clear, objective, fair,
program pengembangan karier didasarkan pada kriteria and accountable assessment criteria, by considering the work
penilaian yang jelas, objektif, adil, dan akuntabel, dengan achievements, employee competency, and the direction of
mempertimbangkan prestasi kerja, kompetensi karyawan, serta company's business growth.
arah pertumbuhan bisnis Perseroan.
Remunerasi dan Kesejahteraan Remuneration and Welfare
Pemberian remunerasi dan kesejahteraan merupakan salah Provision of remuneration and welfare is one of the efforts done
satu upaya Perseroan dalam menciptakan lingkungan kerja by the Company in creating a fair, productive, and sustainable
yang adil, produktif, dan berkelanjutan. Perseroan berkomitmen work environment. The Company is committed to fulfil its
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memenuhi hak-hak karyawan melalui pemberian remunerasi employees right by providing competitive remuneration in
yang kompetitif serta sesuai dengan ketentuan peraturan line with employment regulations. Equality principle is always
ketenagakerjaan. Prinsip kesetaraan selalu dijunjung tinggi, prioritized, including in the provision of compensation regardless
termasuk dalam pemberian kompensasi tanpa membedakan of gender.
gender.
Komponen remunerasi mencakup gaji pokok, tunjangan, dan Included in the remuneration components are basic salary,
bonus, yang ditetapkan dengan mempertimbangkan standar allowance, and bonus, set out by considering the applicable
industri yang berlaku. Selain itu, Perseroan bersama Entitas industry standards. Further, the Company and its Subsidiaries
Anak juga menyediakan berbagai manfaat tambahan, seperti also provide various additional benefits, such as health facilities
fasilitas kesehatan dan penggantian biaya pengobatan. Untuk and medical reimbursement. To boost harmonious working
memperkuat hubungan kerja yang harmonis, Perseroan relationships, the Company regularly held joint activities, such
secara rutin menyelenggarakan kegiatan kebersamaan, antara as gathering event.
lain acara gathering.
Rencana Pengembangan Pengelolaan HR Management Development Plan 2026
SDM 2026
Rencana pengembangan pengelolaan SDM disusun setiap The HR Management Development plan is prepared each year
tahun sebagai upaya untuk meningkatkan kualitas karyawan, as an effort to improve employee quality, policy adjustment, as
menyesuaikan kebijakan, serta mendorong produktivitas well as to boost the Company’s productivity and performance.
dan kinerja Perseroan. Penyusunan rencana ini juga This plan is also prepared by considering the actual HR
mempertimbangkan kondisi aktual SDM serta dinamika conditions and the ongoing employment regulations dynamic.
ketentuan ketenagakerjaan yang berlaku. Untuk tahun 2026, In 2026, the Company focuses on improving the quality of its
fokus Perseroan diarahkan pada peningkatan kualitas tenaga workforce through training programs, updating HR policies, and
kerja melalui program pelatihan, pembaruan kebijakan SDM, carrying out regular reviews of HR needs, both at the Company
serta pemantauan kebutuhan SDM secara rutin baik di tingkat and its Subsidiaries level.
Perseroan maupun Entitas Anak.
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Analisis dan
Pembahasan
Manajemen
Management Discussion
and Analysis
4
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Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Tinjauan Ekonomi
Economic Overview
Pada tahun 2025, perekonomian global tetap bertumbuh, tetapi The global economy continued to grow throughout 2025,
dengan kualitas pertumbuhan yang tidak merata antarnegara dan despite the uneven quality of growth across countries and
sektor. Menurut International Monetary Fund (IMF), pertumbuhan sectors. According to International Monetary Fund (IMF),
ekonomi dunia mencapai sekitar 3,3%, dengan inflasi global pada the global economic growth reached around 3.3%, with global
kisaran 4,1%. Kinerja ini menunjukkan ekonomi global masih resilien, inflation of around 4.1%. This performance indicates the global
tetapi belum sepenuhnya kuat, karena ekspansi tetap sangat economy remained resilient, although not yet fully recovered,
dipengaruhi oleh beberapa pusat pertumbuhan utama, terutama as expansion is still largely affected by several major growth
Amerika Serikat, India, dan Tiongkok. Di sisi perdagangan, volume centers, particularly the United States, India, and China. In
perdagangan dunia tumbuh 4,1%, namun sebagian pertumbuhan terms of trade, global trade volume grew by 4.1%, which largely
tersebut ditopang oleh front-loading perdagangan sebelum supported by trade front-loading prior to the changes in tariff
perubahan kebijakan tarif dan penyesuaian arus dagang. policies and adjustments in trade flows.
Secara struktural, terdapat beberapa faktor utama yang Structurally, there were several key factors shaped the 2025
membentuk ekonomi global tahun 2025. Di satu sisi, investasi global economy. On one hand, investment in technology,
teknologi, terutama terkait Artificial Intelligence (AI), dukungan particularly related to Artificial Intelligence (AI), fiscal and
fiskal dan moneter, serta kondisi keuangan yang relatif monetary support, as well as relatively accommodative financial
akomodatif menopang aktivitas ekonomi. Di sisi lain, perubahan conditions, supported the economic activity. On the other hand,
kebijakan perdagangan, ketidakpastian geopolitik, lemahnya changes in trade policies, geopolitical uncertainties, weak
manufaktur di sebagian Eropa, serta tekanan biaya energi tetap manufacturing in some parts of Europe, and pressure from
menjadi penahan laju pertumbuhan. energy costs continued to hinder the pace of growth.
Di tengah dinamika global tersebut, perekonomian Indonesia Amidst such global dynamics, Indonesia’s economy throughout
sepanjang tahun 2025 mampu menunjukkan ketahanan yang 2025 was able to show good resilience. Statistics Indonesia
baik. Badan Pusat Statistik (BPS) mencatat ekonomi Indonesia (BPS) recorded Indonesia’s economic grew by 5.11%, higher than
tumbuh 5,11%, lebih tinggi dari 5,03% pada 2024, dengan 5.03% in 2024, with Gross Domestic Product (GDP) at current
besaran Produk Domestik Bruto (PDB) atas dasar harga berlaku prices reached Rp23,821.1 trillion and GDP per capita reached
mencapai Rp23.821,1 triliun dan PDB per kapita mencapai Rp83.7 million or around USD5,083.4. In terms of expenditure,
Rp83,7 juta atau sekitar USD5.083,4. Dari sisi pengeluaran, growth was mainly supported by exports of goods and services,
pertumbuhan terutama ditopang oleh ekspor barang dan jasa which increased by 7.03%, gross fixed capital formation, which
yang meningkat 7,03%, pembentukan modal tetap bruto yang grew by 5.09%, and household consumption expenditure, which
tumbuh 5,09%, serta pengeluaran konsumsi rumah tangga yang increased by 4.98%. This performances indicate that domestic
meningkat 4,98%. Kinerja ini menunjukkan bahwa permintaan demand and investment activities remained as anchors of
domestik dan aktivitas investasi masih menjadi jangkar growth despite the persistently volatile global environment.
pertumbuhan, meskipun lingkungan global tetap bergejolak.
Dari sisi stabilitas, inflasi dan suku bunga berada dalam koridor In terms of stability, inflation and interest rates remained within
yang relatif terkendali, walaupun nilai tukar tetap menghadapi a relatively controlled corridor, although the exchange rate still
tekanan. Inflasi Desember 2025 tercatat 2,92% secara tahunan, facing pressure. In December 2025 inflation rate was recorded
masih berada dalam sasaran stabilitas harga yang dikelola at 2.92% year-on-year, still within the price stability target
Bank Indonesia. Pada saat yang sama, Bank Indonesia (BI) managed by Bank Indonesia. At the same time, Bank Indonesia
mempertahankan BI-Rate di tingkat 4,75%, setelah sepanjang (BI) kept the BI-Rate at 4.75%, after reducing interest rates
tahun BI menurunkan suku bunga total 125 bps untuk menopang by a total of 125 basis points throughout the year to support
pertumbuhan dengan tetap menjaga stabilitas nilai tukar. Rupiah growth while maintaining exchange rate stability. As of end of
pada akhir Desember 2025 mencapai Rp16.720 per dolar AS, December 2025, the Rupiah stood at Rp16,720 per US dollar,
setelah sempat bergerak fluktuatif dengan kecenderungan after fluctuating with a weakening trend against the US dollar.
melemah terhadap dolar AS. Pelemahan nilai kurs tersebut The weakening of the Rupiah reflected that external pressures,
mencerminkan bahwa tekanan eksternal, terutama dolar AS particularly strong US dollar, capital flow dynamics, and global
yang kuat, dinamika arus modal, dan ketidakpastian global, uncertainties, continued to be significant factors affecting
masih menjadi faktor penting bagi perekonomian domestik. the domestic economy.
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Tinjauan Industri
Industry Overview
Sepanjang tahun 2025, industri jasa keuangan nasional tetap Throughout 2025, the national financial services industry still
menunjukkan ketahanan yang baik, meskipun dinamika showing solid resilience, despite global dynamics that remained
global masih diwarnai ketidakpastian suku bunga, geopolitik, characterized by uncertainties in terms of the interest rates,
dan pergeseran arus modal. Di segmen perbankan, fungsi geopolitical conditions, and shifts in capital flows. In the banking
intermediasi tetap bertumbuh dengan peningkatan kredit segment, the intermediation function continued to grow, with
sebesar 9,63% secara tahunan menjadi Rp8.586 triliun dan 9.63% increase in loans year-on-year to Rp8,586 trillion and
peningkatan Dana Pihak Ketiga (DPK) sebesar 13,83% menjadi 13.83% increased of Third-Party Funds (TPF) to Rp10,059 trillion.
Rp10.059 triliun. Kondisi likuiditas dan permodalan juga tetap Liquidity and capital conditions also remained strong, as
kuat, tercermin dari rasio AL/NCD sebesar 126,15%, AL/DPK seen in the AL/NCD ratio of 126.15%, AL/TPF ratio of 28.57%,
28,57%, LCR 200,97%, dan CAR 25,89%, sementara kualitas LCR of 200.97%, and CAR of 25.89%, while asset quality
aset tetap terjaga dengan NPL gross 2,05% dan NPL net remained well maintained with gross NPL of 2.05% and net
0,79%. Perkembangan tersebut menunjukkan bahwa industri NPL of 0.79%. These developments indicate that the banking
perbankan masih berada dalam jalur pertumbuhan yang sehat, industry remained on a healthy growth trajectory, backed by
didukung oleh ekspansi kredit investasi, penghimpunan dana expansion of investment loans, solid fund collection, as well as
yang solid, serta kemampuan perbankan menjaga profil risiko di the ability of banking sector to maintain its risk profile amidst
tengah tekanan eksternal. the external pressures.
Pada segmen perasuransian dan reasuransi, industri In the insurance and reinsurance segment, the industry is still
tetap bertumbuh dari sisi aset, meskipun sisi premi masih growing in terms of assets, despite the ongoing pressure from
menghadapi tekanan. Per Desember 2025, total aset asuransi the premium side. As of December 2025, total commercial
komersial meningkat 7,42% menjadi Rp981,05 triliun. Namun, insurance assets increased by 7.42% to Rp981.05 trillion. Yet,
akumulasi premi asuransi komersial tercatat Rp331,72 triliun accumulated commercial insurance premiums were recorded at
atau terkontraksi 1,46%, dipengaruhi penurunan premi asuransi Rp331.72 trillion, or contracted by 1.46%, affected by a decline
jiwa sebesar 3,81% menjadi Rp180,98 triliun, meskipun premi in life insurance premiums of 3.81% to Rp180.98 trillion, although
asuransi umum dan reasuransi masih tumbuh 1,51% menjadi general insurance and reinsurance premiums still grew by 1.51%
Rp150,74 triliun. Meski demikian, tingkat solvabilitas industri to Rp150.74 trillion. Nevertheless, the industry’s solvency level
tetap sangat kuat, dengan Risk Based Capital (RBC) asuransi remained very strong, with 485.90% Risk Based Capital (RBC)
jiwa sebesar 485,90% dan asuransi umum serta reasuransi ratio for life insurance and 335.22% for general insurance and
sebesar 335,22%, sehingga industri masih memiliki kapasitas reinsurance, indicating that the industry still possess adequate
yang memadai untuk menjaga ketahanan usaha dan mendukung capacity to maintain business resilience and support more
ekspansi yang lebih selektif. selective expansion.
Pada segmen pembiayaan, modal ventura, pinjaman online In the financing, venture capital, online lending (pinjol), and
(pinjol), serta pasar modal, arah industri cenderung lebih capital market segments, industry trends tended to be more
beragam. Piutang pembiayaan perusahaan pembiayaan tumbuh diverse. Financing receivables of financing companies grew by
0,61% menjadi Rp506,50 triliun, dengan non-performing 0.61% to Rp506.50 trillion, with gross non-performing financing
financing (NPF) gross 2,51% dan NPF net 0,77%. Sedangkan, (NPF) of 2.51% and net NPF of 0.77%. Meanwhile, venture
pembiayaan modal ventura meningkat 0,81% menjadi capital financing increased by 0.81% to Rp15.97 trillion. On
Rp15,97 triliun. Di sisi lain, outstanding pinjaman daring masih the other hand, outstanding online lending continued to record
tumbuh tinggi sebesar 25,44% menjadi Rp96,62 triliun high growth of 25.44% to Rp96.62 trillion, with a 90-Days default
dengan Tingkat Wanprestasi 90 Hari (TWP90) sebesar 4,32%. rate (TWP90) of 4.32%. Meanwhile, the capital market recorded
Sementara itu, pasar modal mencatat kinerja sangat kuat, very strong performance, with the Composite Stock Price Index
dengan Indeks Harga Saham Gabungan (IHSG) ditutup pada (IHSG) closed at 8,646.94, a 22.13% year-on-year increase,
level 8.646,94 atau naik 22,13% secara tahunan, mencetak recorded 24 new all-time highs throughout the year, with average
24 kali rekor tertinggi baru sepanjang tahun, dengan rerata annual daily stock transaction value increased to Rp18.07 trillion.
nilai transaksi harian saham tahunan meningkat menjadi The investment management industry also had a positive
Rp18,07 triliun. Industri pengelolaan investasi juga tumbuh positif, growth, as seen in Assets Under Management (AUM) reached
ditandai Assets Under Management (AUM) yang mencapai Rp1,042.74 trillion and mutual fund Net Asset Value (NAV) of
Rp1.042,74 triliun dan NAB reksa dana sebesar Rp658,69 triliun, Rp658.69 trillion, while total capital market investors increased
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Management Discussion and Analysis
sedangkan jumlah investor pasar modal meningkat 36,95% by 36.95% to 20.36 million, and fund raising through initial public
menjadi 20,36 juta, dan penghimpunan dana melalui penawaran offerings reached Rp274.80 trillion, exceeding the annual target.
umum mencapai Rp274,80 triliun, melampaui target tahunan.
Adapun pada segmen pembangunan, perdagangan, dan jasa, As for the development, trade, and services segments, industry
prospek industrinya masih ditopang oleh pertumbuhan ekonomi prospects continued to be supported by domestic economic
domestik, perbaikan ekspor, dan peningkatan investasi. Seluruh growth, export improvement, and increased investment. All of
segmen tersebut mencatatkan laju pertumbuhan dari tahun these segments recorded growth compared to the previous
sebelumnya dan berkontribusi positif bagi pertumbuhan PDB. year and contributed positively to GDP growth. Nevertheless,
Meskipun demikian, segmen tersebut tetap sensitif terhadap these segments remained sensitive to cost pressures, exchange
tekanan biaya, nilai tukar, harga energi, dan dinamika daya beli rate fluctuations, energy prices, and the dynamics in public
masyarakat. purchasing power.
Tinjauan Operasional
Operational Overview
Strategi Pengembangan Usaha Tahun 2025 Business Development Strategy of 2025
Pada tahun 2025, Perseroan melanjutkan implementasi strategi In 2025, the Company continues implementing the business
pengembangan usaha yang telah dijalankan pada tahun-tahun development strategies started out in the previous years, with
sebelumnya, dengan tujuan menjaga keberlanjutan pertumbuhan an aim of sustaining growth as well as enhancing the capability
serta meningkatkan kemampuan dalam menghadapi berbagai in facing various risks effectively. These strategies include
risiko secara efektif. Strategi tersebut meliputi: the following measures:
1. Meningkatkan sinergi antar Entitas Anak guna memperkuat 1. Improving synergy among Subsidiaries to strengthen
kontribusi dalam struktur konsolidasi grup; contribution within the group’s consolidation structure;
2. Melakukan investasi pada sektor-sektor strategis serta 2. Investing in strategic sectors and promoting operational
mendorong efektivitas dan efisiensi operasional Perseroan effectiveness and efficiency in the Company and
dan Entitas Anak untuk mendukung pertumbuhan laba Subsidiaries to support consolidated profits;
konsolidasi;
3. Mengembangkan infrastruktur teknologi informasi melalui 3. Developing information technology infrastructure through
program berkelanjutan yang mendorong integrasi sistem continuous programs promoting system integration and
dan efisiensi proses bisnis; business process efficiency;
4. Menerapkan teknologi yang adaptif terhadap perkembangan 4. Implementing adaptive technologies following the business
usaha, termasuk pengembangan e-business dan developments, including the development of e-business
penciptaan peluang usaha digital baru; serta and creation of new digital business opportunities; and
5. Mengeksplorasi terobosan baru seiring dinamika 5. Exploring new breakthroughs, following economic dynamics,
perekonomian, dengan menekankan penguatan kualitas with focus on strengthening the quality and capabilities of
dan kapabilitas karyawan serta Tim Manajemen dalam employees and Management Team in addressing the future
menghadapi tantangan masa depan. challenges.
Tinjauan Segmen Usaha Business Segment Overview
Segmen usaha Perseroan terdiri dari: The Company’s business segments consist of the following:
1. Jasa asuransi; 1. Insurance service;
2. Pembiayaan konsumen, piutang sewa pembiayaan, dan 2. Consumer financing, finance lease receivables, and
anjak piutang; factoring;
3. Jasa biro administrasi efek; 3. Securities administration bureau services;
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Laporan Tahunan 2025
2025 Annual Report
4. Jasa penjaminan emisi dan perantara pedagang efek, serta 4. Securities underwriter and brokerage services, as well as
jasa manajer investasi; investment manager services;
5. Perbankan; serta 5. Banking; and
6. Pembangunan, perdagangan, dan jasa. 6. Development, trade, and services.
Jasa Asuransi
Insurance Service
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Pertumbuhan
Uraian 2025 2024 Growth Description
Rp %
Pendapatan 24,516,094 19,342,784 5,173,310 26.75 Income
Beban Operasional 21,045,272 18,493,951 2,551,321 13.80 Operating Expenses
Laba Sebelum Pajak 1,510,789 848,833 661,956 77.98 Income Before Tax
Beban Pajak (45,434) (94,383) (48,949) (51.86) Tax Expense
Laba Bersih 1,465,355 754,450 710,905 94.23 Net Income
Aset 48,845,302 42,876,821 5,968,481 13.92 Assets
Liabilitas 41,350,758 35,545,298 5,805,460 16.33 Liabilities
Pada tahun 2025, pendapatan dan beban operasional jasa In 2025, insurance service income and operating
asuransi masing-masing tercatat sebesar Rp24,52 triliun dan expenses amounted to Rp24.52 trillion and Rp21.05 trillion,
Rp21,05 triliun. Jumlah tersebut meningkat sebesar Rp5,17 triliun respectively. These amounts increased by Rp5.17 trillion and
dan Rp2,55 triliun dibandingkan tahun sebelumnya yang tercatat Rp2.55 trillion, compared to the previous year, which were
sebesar Rp19,34 triliun dan Rp18,49 triliun. Sementara itu, laba recorded at Rp19.34 trillion and Rp18.49 trillion. Meanwhile,
bersih tercatat sebesar Rp1,47 triliun di tahun 2025, meningkat net income was recorded at Rp1.47 trillion in 2025, increased
sebesar 94,23% atau Rp710,91 miliar, dibandingkan tahun 2024 by 94.23% or Rp710.91 billion compared to Rp754.45 billion
yang tercatat sebesar Rp754,45 miliar. recorded in 2024.
Adapun aset segmen ini di tahun 2025 tercatat sebesar Meanwhile, assets of this segment in 2025 were recorded at
Rp48,85 triliun, meningkat sebesar 13,92% atau Rp5,97 triliun, Rp48.85 trillion, increased by 13.92% or Rp5.97 trillion compared
dibandingkan tahun sebelumnya yang tercatat sebesar to Rp42.88 trillion recorded in the previous year. Liabilities also
Rp42,88 triliun. Liabilitas juga mengalami peningkatan dari increased from Rp35.55 trillion in 2024 to Rp41.35 trillion in
Rp35,55 triliun di tahun 2024 menjadi Rp41,35 triliun di tahun 2025.
2025.
Pembiayaan Konsumen, Piutang Sewa Pembiayaan, dan Anjak Piutang
Consumer Financing, Finance Lease Receivables, and Factoring
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Pertumbuhan
Uraian 2025 2024 Growth Description
Rp %
Pendapatan 1,042,492 1,354,816 (312,324) (23.05) Income
Beban Operasional 887,687 1,878,996 (991,309) (52.76) Operating Expenses
Laba (Rugi) Sebelum Pajak 154,805 (524,180) 678,985 129.53 Income (Loss) Before Tax
Beban Pajak (32,135) 12,674 (44,809) (353.55) Tax Expense
Laba (Rugi) Bersih 122,670 (511,506) 634,176 123.98 Net Income (Loss)
Aset 5,666,519 5,941,871 (275,352) (4.63) Assets
Liabilitas 4,700,152 5,023,368 (323,216) (6.43) Liabilities
PT Sinar Mas Multiartha Tbk - 195
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Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Pada tahun 2025, pendapatan segmen pembiayaan konsumen, In 2025, income generated from the consumer financing,
piutang sewa pembiayaan, dan anjak piutang tercatat sebesar finance lease receivables, and factoring segment were
Rp1,04 triliun. Jumlah tersebut menurun sebesar 23,05% atau recorded at Rp1.04 trillion. This amount decreased by 23.05% or
Rp312,32 miliar, dibandingkan tahun sebelumnya yang tercatat Rp312.32 billion compared to Rp1.35 trillion recorded in
sebesar Rp1,35 triliun. Sementara itu, segmen ini mencatatkan the previous year. Meanwhile, this segment recorded profit
laba sebelum pajak sebesar Rp154,81 miliar, meningkat sebesar before tax of Rp154.81 billion, increased by 129.53% or
129,53% atau Rp678,99 miliar, dibandingkan tahun sebelumnya Rp678.99 billion compared to Rp524.18 billion recorded loss
yang tercatat rugi sebelum pajak sebesar Rp524,18 miliar. before tax in the previous year.
Aset pada segmen ini tercatat sebesar Rp5,67 triliun di Assets in this segment were recorded at Rp5.67 trillion in
tahun 2025, menurun sebesar 4,63% atau Rp275,35 miliar, 2025, decreased by 4.63% or Rp275.35 billion compared to
dibandingkan tahun sebelumnya yang tercatat sebesar Rp5.94 trillion recorded in the previous year. Meanwhile, liabilities
Rp5,94 triliun. Sementara itu, liabilitas tercatat sebesar were recorded at Rp4.70 trillion. This amount decreased by
Rp4,70 triliun. Jumlah tersebut mengalami penurunan sebesar 6.43% or Rp323.22 billion compared to Rp5.02 trillion recorded
6,43% atau Rp323,22 miliar, dibandingkan tahun sebelumnya in the previous year.
yang tercatat sebesar Rp5,02 triliun.
Jasa Biro Administrasi Efek
Securities Administration Bureau Services
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Pertumbuhan
Uraian 2025 2024 Growth Description
Rp %
Pendapatan 19,564 18,045 1,519 8.42 Income
Beban Operasional 9,914 9,671 243 2.51 Operating Expenses
Laba Sebelum Pajak 9,650 8,374 1,276 15.24 Income Before Tax
Beban Pajak (46) (207) (161) (77.78) Tax Expense
Laba Bersih 9,604 8,167 1,437 17.60 Net Income
Aset 308,463 283,541 24,922 8.79 Assets
Liabilitas 3,441 3,843 (402) (10.46) Liabilities
Pada tahun 2025, pendapatan dari segmen jasa biro administrasi In 2025, the securities administration bureau services
efek tercatat sebesar Rp19,56 miliar, meningkat sebesar segment recorded an income of Rp19.56 billion, increased by
8,42% atau Rp1,52 miliar dibandingkan Rp18,05 miliar pada 8.42% or Rp1.52 billion compared to Rp18.05 billion recorded
tahun 2024. Beban operasional segmen ini tercatat sebesar in 2024. Operating expenses of this segment were recorded at
Rp9,91 miliar, meningkat sebesar 2,51% atau Rp243 juta Rp9.91 billion, increased by 2.51% or Rp243 million compared
dibandingkan Rp9,67 miliar pada tahun sebelumnya. Sementara to Rp9.67 billion in the previous year. Meanwhile, tax expense
itu, beban pajak tercatat sebesar Rp46 juta, menurun was recorded at Rp46 million, decreased compared to
dibandingkan Rp207 juta pada tahun 2024. Rp207 million in 2024.
Dari sisi posisi keuangan, aset segmen ini tercatat sebesar In terms of financial position, assets in this segment were
Rp308,46 miliar, meningkat sebesar 8,79% atau Rp24,92 miliar recorded at Rp308.46 billion, increased by 8.79% or
dibandingkan Rp283,54 miliar pada tahun 2024. Sementara Rp24.92 billion compared to Rp283.54 billion in 2024.
itu, liabilitas tercatat sebesar Rp3,44 miliar, menurun sebesar Meanwhile, liabilities were recorded at Rp3.44 billion, decreased
10,46% atau Rp402 juta dibandingkan Rp3,84 miliar pada tahun by 10.46% or Rp402 million compared to Rp3.84 billion in
sebelumnya. the previous year.
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Laporan Tahunan 2025
2025 Annual Report
Jasa Penjaminan Emisi dan Perantara Pedagang Efek, serta Manajer Investasi
Securities Brokerage and Underwriting, and Investment Manager Services
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Pertumbuhan
Uraian 2025 2024 Growth Description
Rp %
Pendapatan 630,047 692,814 (62,767) (9.06) Income
Beban Operasional 284,360 320,918 (36,558) (11.39) Operating Expenses
Laba Sebelum Pajak 345,687 371,896 (26,209) (7.05) Income Before Tax
Beban Pajak (61,815) (70,491) (8,676) (12.31) Tax Expense
Laba Bersih 283,872 301,405 (17,533) (5.82) Net Income
Aset 2,149,395 1,843,564 305,831 16.59 Assets
Liabilitas 616,361 189,563 426,798 225.15 Liabilities
Pada tahun 2025, segmen jasa penjaminan emisi dan In 2025, the securities underwriting and brokerage, and
perantara pedagang efek, serta manajer investasi mencatatkan investment manager services recorded an income of
pendapatan sebesar Rp630,05 miliar, menurun sebesar 9,06% Rp630.05 billion, decreased by 9.06% or Rp62.77 billion
atau Rp62,77 miliar dibandingkan Rp692,81 miliar pada tahun compared to Rp692.81 billion in the previous year. Meanwhile,
sebelumnya. Di sisi lain, beban operasional tercatat sebesar operating expenses amounted to Rp284.36 billion, decreased
Rp284,36 miliar, menurun dibandingkan Rp320,92 miliar compared to Rp320.92 billion in the previous year. Meanwhile,
pada tahun sebelumnya. Sementara itu, beban pajak dan laba tax expense and net income were recorded at Rp61.82 billion
bersih masing-masing tercatat sebesar Rp61,82 miliar dan and Rp283.87 billion, respectively.
Rp283,87 miliar.
Dari sisi posisi keuangan, aset segmen ini tercatat sebesar In terms of financial position, assets in this segment
Rp2,15 triliun, meningkat sebesar 16,59% atau Rp305,83 miliar were recorded at Rp2.15 trillion, increased by 16.59% or
dibandingkan Rp1,84 triliun pada tahun 2024. Sementara itu, Rp305.83 billion compared to Rp1.84 trillion in 2024. Meanwhile,
liabilitas meningkat sebesar 225,15% atau Rp426,80 miliar, dari liabilities increased by 225.15% or Rp426.80 billion, from
Rp189,56 miliar menjadi Rp616,36 miliar. Rp189.56 billion to Rp616.36 billion.
Perbankan
Banking
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Pertumbuhan
Uraian 2025 2024 Growth Description
Rp %
Pendapatan 4,682,901 4,765,250 (82,349) (1.73) Income
Beban Operasional 4,163,172 4,326,434 (163,262) (3.77) Operating Expenses
Laba Sebelum Pajak 519,729 438,816 80,913 18.44 Income Before Tax
Beban Pajak (197,299) (68,679) 128,620 187.28 Tax Expense
Laba Bersih 322,430 370,137 (47,707) (12.89) Net Income
Aset 57,303,096 55,183,042 2,120,054 3.84 Assets
Liabilitas 48,477,527 47,039,310 1,438,217 3.06 Liabilities
Pada tahun 2025, segmen perbankan mencatatkan pendapatan In 2025, the banking segment recorded an income of
sebesar Rp4,68 triliun. Jumlah ini menurun sebesar 1,73% atau Rp4.68 trillion. This amount decreased by 1.73% or
Rp82,35 miliar, dibandingkan tahun sebelumnya yang tercatat Rp82.35 billion compared to Rp4.77 trillion recorded in
sebesar Rp4,77 triliun. Beban operasional tercatat sebesar the previous year. Operating expenses reached Rp4.16 trillion,
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Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Rp4,16 triliun, menurun sebesar 3,77% atau Rp163,26 miliar, decreased by 3.77% or Rp163.26 billion compared to
dibandingkan tahun 2024 yang tercatat sebesar Rp4,33 triliun. Rp4.33 trillion recorded in 2024. Tax expense was recorded
Beban pajak tercatat sebesar Rp197,30 miliar, meningkat at Rp197.30 billion, increased compared to Rp68.68 billion
dibandingkan tahun 2024 yang tercatat sebesar Rp68,68 miliar. in 2024. This condition affected the net income for this
Kondisi ini mempengaruhi perolehan laba bersih segmen yang segment, which decreased by 12.89% or Rp47.71 billion, from
menurun 12,89% atau Rp47,71 miliar, dari Rp370,14 miliar di Rp370.14 billion in 2024 to Rp322.43 billion in 2025.
tahun 2024 menjadi Rp322,43 miliar di tahun 2025.
Aset pada segmen ini mengalami peningkatan sebesar Assets in this segment increased by Rp2.12 trillion, from
Rp2,12 triliun, dari Rp55,18 triliun menjadi Rp57,30 triliun Rp55.18 trillion to Rp57.30 trillion in 2025. Meanwhile, liabilities
di tahun 2025. Sementara itu, liabilitas tercatat sebesar were recorded at Rp48.48 trillion in 2025, increased by
Rp48,48 triliun di tahun 2025, meningkat sebesar Rp1,44 triliun, Rp1.44 trillion compared to Rp47.04 trillion recorded in 2024.
dibandingkan tahun 2024 tercatat sebesar Rp47,04 triliun.
Pembangunan, Perdagangan, dan Jasa
Development, Trade, and Services
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Pertumbuhan
Uraian 2025 2024 Growth Description
Rp %
Pendapatan 1,247,305 894,501 352,804 39.44 Income
Beban Operasional 2,939,021 1,010,214 1,928,807 190.93 Operating Expenses
Laba (Rugi) Sebelum Pajak (1,691,716) (115,713) (1,576,003) 1,361.99 Income (Loss) Before Tax
Beban Pajak (14,724) (3,600) 11,124 309.00 Tax Expense
Laba (Rugi) Bersih (1,706,440) (119,313) (1,587,127) 1,330.22 Net Income (Loss)
Aset 9,826,875 9,433,364 393,511 4.17 Assets
Liabilitas 1,337,753 4,573,619 (3,235,866) (70.75) Liabilities
Pada tahun 2025, segmen pembangunan, perdagangan, In 2025, the development, trade, and services segment
dan jasa mencatatkan pendapatan sebesar Rp1,25 triliun, recorded an income of Rp1.25 trillion, increased by 39.44%
meningkat sebesar 39,44% atau Rp352,80 miliar dibandingkan or Rp352.80 billion compared to Rp894.50 billion in 2024.
Rp894,50 miliar pada tahun 2024. Beban operasional tercatat Operating expenses were recorded at Rp2.94 trillion, increased
sebesar Rp2,94 triliun, meningkat sebesar 190,93% atau by 190.93% or Rp1.93 trillion compared to Rp1.01 trillion in
Rp1,93 triliun dibandingkan Rp1,01 triliun pada tahun sebelumnya. the previous year.
Di sisi lain, beban pajak tercatat sebesar Rp14,72 miliar. Kondisi Meanwhile, tax expense were recorded at Rp14.72 billion,
tersebut berdampak pada rugi bersih Perseroan, dari rugi respectively. This condition affected the Company’s loss
Rp119,31 miliar pada tahun 2024 menjadi Rp1,71 triliun pada income, from Rp119.31 billion losses in 2024 to Rp1.71 trillion
tahun 2025. in 2025.
Dari sisi posisi keuangan di tahun 2025, aset menjadi In terms of the 2025 financial position, assets grew to
Rp9,83 triliun, mengalami peningkatan sebesar 4,17% atau 9.83 trillion or an increase of 4.17% or Rp393.51 billion compared
Rp393,51 miliar jika dibandingkan tahun 2024 yang tercatat to Rp9.43 trillion recorded in 2024. Meanwhile, liabilities from
Rp9,43 triliun. Sementara itu, liabilitas segmen ini menurun this segment decreased by Rp3.24 trillion to Rp1.34 trillion,
sebesar Rp3,24 triliun menjadi Rp1,34 triliun, dibandingkan compared to Rp4.57 trillion in the previous year.
Rp4,57 triliun pada tahun sebelumnya.
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Laporan Tahunan 2025
2025 Annual Report
Tinjauan Keuangan
Financial Overview
Informasi tinjauan keuangan dalam Laporan Tahunan ini merujuk Information regarding the financial overview in this Annual
pada Laporan Keuangan Konsolidasian Perseroan tahun 2025 Report refers to the Consolidated Financial Statements for 2025
dan 2024 yang telah diaudit oleh Kantor Akuntan Publik Mirawati and 2024, which have been audited by Public Accounting Firm
Sensi Idris dengan opini wajar dalam semua hal yang material. Mirawati Sensi Idris with a fair opinion in all material respects.
Laporan Posisi Keuangan Konsolidasian
Consolidated Statement of Financial Position
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Pertumbuhan
Uraian 2025 2024*) Growth Description
Rp %
Total Aset 120,391,247 119,120,567 1,270,680 1.07 Total Assets
Total Liabilitas 94,480,144 95,380,805 (900,661) (0.94) Total Liabilities
Total Ekuitas 25,911,103 23,739,762 2,171,341 9.15 Total Equity
*) Disajikan kembali. / Restated.
Total Aset
Total Assets
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Pertumbuhan
Uraian 2025 2024*) Growth Description
Rp %
Aset Keuangan / Financial Assets
Kas dan Bank - Bersih 9,180,682 8,828,002 352,680 4.00 Cash and Cash in Banks - Net
Investasi Jangka Pendek - Bersih 78,249,702 70,659,008 7,590,694 10.74 Short-Term Investment - Net
Efek-Efek yang Dibeli dengan Janji Securities Purchased Under
1,394,940 192,215 1,202,725 625.72
Jual Kembali Agreements to Resell
Piutang Pembiayaan Multiguna - Multipurpose Financing
1,262,692 1,537,356 (274,664) (17.87)
Bersih Receivables - Net
Piutang Sewa Pembiayaan - Bersih 407,949 125,516 282,433 225.02 Finance Lease Receivables - Net
Piutang Pembiayaan Modal Kerja Working Capital Financing with
1,164,388 1,474,546 (310,158) (21.03)
Skema Anjak Piutang - Bersih Factoring Scheme Receivables - Net
Kredit yang Diberikan - Bersih 10,857,033 12,618,690 (1,761,657) (13.96) Loans - Net
Tagihan Akseptasi - Bersih 161,224 38,129 123,095 322.84 Acceptance Receivables - Net
Piutang Transaksi Efek - Securities Transaction Receivables -
652,467 171,354 481,113 280.77
Pihak Ketiga Third Parties
Piutang Lain-Lain - Bersih 2,694,439 3,559,378 (864,939) (24.30) Other Accounts Receivable - Net
Aset Kontrak Asuransi 1,089,221 2,662,509 (1,573,288) (59.09) Insurance Contract Asset
Aset Kontrak Reasuransi 3,149,235 4,497,161 (1,347,926) (29.97) Reinsurance Contract Assets
*) Disajikan kembali. / Restated.
PT Sinar Mas Multiartha Tbk - 199
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Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Pertumbuhan
Uraian 2025 2024*) Growth Description
Rp %
Investasi dalam Saham - Bersih 2,987,099 3,503,395 (516,296) (14.74) Investment in Shares of Stock - Net
Total Aset Keuangan 113,251,071 109,867,259 3,383,812 3.08 Total Financial Assets
Aset Non-Keuangan / Non-Financial Assets
Aset Ijarah - Bersih 673,563 351,525 322,038 91.61 Ijarah Assets - Net
Properti Investasi - Bersih 438,903 405,870 33,033 8.14 Investment Properties - Net
Aset Tetap - Bersih 2,509,664 2,700,439 (190,775) (7.06) Property and Equipment - Net
Agunan yang Diambil Alih - Bersih 249,350 264,120 (14,770) (5.59) Foreclosed Assets - Net
Aset Pajak Tangguhan 251,073 465,698 (214,625) (46.09) Deferred Tax Assets
Aset Lain-Lain 3,017,623 5,065,656 (2,048,033) (40.43) Other Assets
Total Aset Non-Keuangan 7,140,176 9,253,308 (2,113,132) (22.84) Total Non-Financial Assets
Total Aset 120,391,247 119,120,567 1,270,680 1.07 Total Assets
*) Disajikan kembali. / Restated.
Total aset Perseroan tercatat sebesar Rp120,39 triliun pada In 2025, the Company’s total assets were recorded at
tahun 2025, mengalami peningkatan sebesar 1,07% atau Rp120.39 trillion, increased by 1.07% or Rp1.27 trillion compared
Rp1,27 triliun dibandingkan dengan tahun 2024 yang tercatat to Rp119.12 trillion recorded in 2024. These assets consisted of
sebesar Rp119,12 triliun. Aset tersebut terdiri atas aset financial assets and non-financial assets, with financial assets
keuangan dan aset non-keuangan, dengan dominasi pada as the dominant portion.
aset keuangan.
Pada tahun 2025, aset keuangan Perseroan tercatat sebesar The Company’s financial assets were recorded at
Rp113,25 triliun. Jumlah tersebut meningkat sebesar 3,08% Rp113.25 trillion in 2025. This amount increased by 3.08%
atau Rp3,38 triliun, dibandingkan tahun sebelumnya sebesar or Rp3.38 trillion compared to Rp109.87 trillion recorded in
Rp109,87 triliun. Hal ini disebabkan oleh meningkatnya investasi the previous year. This was due to the increase in net short-term
jangka pendek - bersih sebesar Rp7,59 triliun. Sementara investments of Rp7.59 trillion. Meanwhile, non-financial assets
itu, aset non-keuangan menurun sebesar Rp2,11 triliun, dari decreased by Rp2.11 trillion, from Rp9.25 trillion in 2024 to Rp7.14
Rp9,25 triliun di tahun 2024 menjadi Rp7,14 triliun di tahun trillion in 2025. These changes were due to the decrease in other
2025. Perubahan ini disebabkan oleh menurunnya aset lain-lain assets of Rp2.05 trillion.
sebesar Rp2,05 triliun.
Total Liabilitas
Total Liabilities
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Pertumbuhan
Uraian 2025 2024*) Growth Description
Rp %
Liabilitas Keuangan / Financial Liabilities
Simpanan dan Simpanan dari Deposits and Deposits from
45,367,868 43,930,669 1,437,199 3.27
Bank Lain Other Banks
Efek-Efek yang Dijual dengan Janji Securities Sold Under Agreements
- 879,455 (879,455) (100.00)
Beli Kembali - Pihak Ketiga to Repurchase - Third Parties
Liabilitas Kontrak Asuransi 25,873,249 29,009,457 (3,136,208) (10.81) Insurance Contract Liabilities
Liabilitas Kontrak Reasuransi 1,409,812 2,085,647 (675,835) (32.40) Reinsurance Contract Liabilities
*) Disajikan kembali. / Restated.
200 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Pertumbuhan
Uraian 2025 2024*) Growth Description
Rp %
Liabilitas Kontrak Penjaminan dan Guarantee Contract Liabilities and
2,696,215 2,879,032 (182,817) (6.35)
Premi Diterima di Muka Premiums Received in Advance
Liabilitas Manfaat Polis Masa Depan 337,362 697,499 (360,137) (51.63) Liability for Future Policy Benefits
Premi Belum Merupakan Pendapatan Unearned Premiums and Estimated
230,182 - 230,182 100.00
dan Estimasi Liabilitas Klaim Claims Liability
Liabilitas Akseptasi 161,553 38,160 123,393 323.36 Acceptance Payables
Utang Transaksi Efek 502,248 89,688 412,560 459.99 Securities Transaction Payables
Utang Pajak 106,898 203,229 (96,331) (47.40) Taxes Payable
Beban Akrual 411,526 306,114 105,412 34.44 Accrued Expenses
Surat Berharga yang Diterbitkan 9,029,855 9,436,290 (406,435) (4.31) Securities Issued
Pinjaman yang Diterima 2,509,972 1,257,352 1,252,620 99.62 Loans Received
Total Liabilitas Keuangan 88,636,740 90,812,592 (2,175,852) (2.40) Total Financial Liabilities
Liabilitas Non-Keuangan / Non-Financial Liabilities
Liabilitas Pajak Tangguhan 37,534 8,234 29,300 355.84 Deferred Tax Liabilities
Liabilitas Imbalan Kerja Jangka Long-Term Employee Benefits
239,210 164,850 74,360 45.11
Panjang Liability
Reserve for Profit Sharing
Cadangan Bagi Hasil Peserta 30,281 252,300 (222,019) (88.00)
Distribution to Participants
Liabilitas Lain-Lain 5,536,379 4,142,829 1,393,550 33.64 Other Liabilities
Total Liabilitas Non-Keuangan 5,843,404 4,568,213 1,275,191 27.91 Total Non-Financial Liabilities
Total Liabilitas 94,480,144 95,380,805 (900,661) (0.94) Total Liabilities
*) Disajikan kembali. / Restated.
Total liabilitas Perseroan menurun dari Rp95,38 triliun di tahun The Company’s total liabilities decreased from Rp95.38 trillion
2024 menjadi Rp94,48 triliun di tahun 2025. Perubahan ini in 2024 to Rp94.48 trillion in 2025. This change was influenced
dipengaruhi oleh menurunnya liabilitas kontrak asuransi sebesar by the decrease of insurance contract liabilities of Rp3.14 trillion.
Rp3,14 triliun. Adapun liabilitas terdiri dari liabilitas keuangan dan The liabilities consisted of financial liabilities and non-financial
non-keuangan, dengan liabilitas keuangan yang lebih dominan. liabilities, with financial liabilities as the dominant portion.
Liabilitas keuangan Perseroan menurun sebesar 2,40% The Company’s financial liabilities decreased by 2.40% or
atau Rp2,18 triliun, dari Rp90,81 triliun di tahun 2024 menjadi Rp2.18 trillion, from Rp90.81 trillion in 2024 to Rp88.64 trillion
Rp88,64 triliun di tahun 2025. Perubahan ini disebabkan oleh in 2025. This change was due to the decrease of insurance
menurunnya liabilitas kontrak asuransi sebesar Rp3,14 triliun. contract liabilities of Rp3.14 trillion. Meanwhile, non-financial
Sementara, liabilitas non-keuangan tercatat sebesar Rp5,84 triliun liabilities were recorded at Rp5.84 trillion in 2025, increased by
di tahun 2025, meningkat sebesar 27,91% atau Rp1,28 triliun, 27.91% or Rp1.28 trillion compared to Rp4.57 trillion recorded in
dibandingkan tahun 2024 yang tercatat sebesar Rp4,57 triliun. 2024. This condition was due to the increase of other liabilities
Kondisi ini disebabkan oleh meningkatnya liabilitas lain-lain of Rp1.39 trillion.
sebesar Rp1,39 triliun.
PT Sinar Mas Multiartha Tbk - 201
Page 204
Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Total Ekuitas
Total Equity
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Pertumbuhan
Uraian 2025 2024 *) Growth Description
Rp %
Ekuitas yang Dapat Diatribusikan Equity Attributable to Owners of
kepada Pemilik Entitas Induk the Parent Company
Modal Saham - Nilai Nominal Capital Stock - Rp5,000
Rp5.000,- (dalam Rupiah penuh) (in full Rupiah amount)
per saham Seri A dan Rp100,- Par Value per Series A Share and
(dalam Rupiah penuh) per Saham Rp100 (in full Rupiah amount)
Seri B per Series B Share
Modal Dasar - 142.474.368 Authorized Capital 142,474,368
Saham Seri A dan 21.371.155.200 Series A Share and 21,371,155,200
Saham Seri B Series B Share
Modal Ditempatkan dan Disetor -
Issued and Paid-Up - 142,474,368
Seri A Sebanyak 142.474.368
1,334,891 1,334,891 - - Series A Shares 6,225,190,349
Saham Seri B Masing-Masing
Series B Shares
Sebanyak 6.225.190.349 Saham
Tambahan Modal Disetor - Bersih 1,647,520 1,647,520 - - Additional Paid-In Capital - Net
Komponen Ekuitas Lainnya 233,700 213,535 20,165 9.44 Other Equity Component
Saldo Laba Retained Earnings
Ditentukan Penggunaannya 791,607 791,607 - - Appropriated
Tidak Ditentukan Penggunaannya 19,519,774 17,529,824 1,989,950 11.35 Unappropriated
Kepentingan Non-Pengendali 2,383,611 2,222,385 161,226 7.25 Non-Controlling Interests
Total Ekuitas 25,911,103 23,739,762 2,171,341 9.15 Total Equity
*) Disajikan kembali. / Restated.
Ekuitas Perseroan mengalami peningkatan sebesar 9,15% The Company’s equity increased by 9.15% or Rp2.17 trillion, from
atau Rp2,17 triliun, dari Rp23,74 triliun di tahun 2024 menjadi Rp23.74 trillion in 2024 to Rp25.91 trillion in 2025. This change
Rp25,91 triliun di tahun 2025. Perubahan ini dipengaruhi oleh was influenced by the increase of unappropriated retained
meningkatnya saldo laba tidak ditentukan penggunaannya earnings of Rp1.99 trillion.
sebesar Rp1,99 triliun.
Laporan Laba Rugi dan Penghasilan Komprehensif Lain Konsolidasian
Consolidated Statement of Profit or Loss and Other Comprehensive Income
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Pertumbuhan
Uraian 2025 2024*) Growth Description
Rp %
Pendapatan 36,601,656 31,126,849 5,474,807 17.59 Income
Beban 34,146,152 29,890,135 4,256,017 14.24 Expenses
Laba Sebelum Pajak 2,455,504 1,236,714 1,218,790 98.55 Profit Before Tax
Beban Pajak 351,520 222,353 129,167 58.09 Tax Expense
Laba Tahun Berjalan 2,103,984 1,014,361 1,089,623 107.42 Profit for the Year
*) Disajikan kembali. / Restated.
202 - PT Sinar Mas Multiartha Tbk
Page 205
Laporan Tahunan 2025
2025 Annual Report
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Pertumbuhan
Uraian 2025 2024*) Growth Description
Rp %
Total Penghasilan (Rugi) Total Other Comprehensive
74,316 (236,067) 310,383 131.48
Komprehensif Lain Setelah Pajak Income (Loss) - Net of Tax
Total Penghasilan Komprehensif -
2,178,300 778,294 1,400,006 179.88 Total Comprehensive Income - Net
Bersih
Laba Bersih Teratribusikan
Profit Attributable to:
kepada:
Pemilik Entitas Induk 2,045,644 957,875 1,087,769 113.56 Owners of the Parent Company
Kepentingan Non-Pengendali 58,340 56,486 1,854 3.28 Non-Controlling Interest
Penghasilan Komprehensif Comprehensive Income
Teratribusikan kepada: Attributable to:
Pemilik Entitas Induk 2,008,235 746,334 1,261,901 169.08 Owners of the Parent Company
Kepentingan Non-Pengendali 170,065 31,960 138,105 432.12 Non-Controlling Interest
Laba Bersih per Saham Dasar (dalam Earnings per Share (in full Rupiah
321 150 171 114.00
Rupiah penuh) Dasar (Dilusian) amount) Basic (Diluted)
*) Disajikan kembali. / Restated.
Pendapatan
Income
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Pertumbuhan
Uraian 2025 2024*) Growth Description
Rp %
Pendapatan Underwriting Asuransi 5,040,933 55,462 4,985,471 8,988.99 Insurance Underwriting Income
Pendapatan Jasa Asuransi 19,724,083 21,265,626 (1,541,543) (7.25) Insurance Service Revenues
Pendapatan Keuangan Reasuransi 579,255 748,387 (169,132) (22.60) Reinsurance Finance Income
Pendapatan Bunga dan Bagi Hasil 5,137,551 5,891,616 (754,065) (12.80) Interest and Profit-Sharing Income
Keuntungan Penjualan Investasi Gain on Sale of Short-Term
713,493 413,410 300,083 72.59
Jangka Pendek - Bersih Investment - Net
Pendapatan Administrasi dan Komisi 1,108,357 719,704 388,653 54.00 Administration Fee and Commission
Penjualan 690,621 643,171 47,450 7.38 Sales
Pendapatan Jasa Penjaminan Emisi Income from Underwriting Services
dan Perantara Pedagang Efek serta 577,021 605,833 (28,812) (4.76) and Securities Brokers and
Manajer Investasi Investment Managers
Keuntungan dari Investasi pada Unit Gain on Investments in Units of
775,620 505,639 269,981 53.39
Reksa Dana Mutual Funds
Keuntungan Selisih Kurs Mata Uang
320,886 163,937 156,949 95.74 Gain on Foreign Exchange - Net
Asing - Bersih
Ekuitas pada Laba Entitas Asosiasi - Share in Net Income of
157,459 101,742 55,717 54.76
Bersih the Associates - Net
Keuntungan atas Kenaikan Nilai Gains on Increases in the Fair
1,746,386 - 1,746,386 100.00
Wajar Efek Value of Securities
Pendapatan Pinjam Meminjam Income from Lending and Borrowing
20,534 3,558 16,976 477.12
Berbasis Teknologi Informasi Based on Information Technology
Pendapatan Jasa Biro Administrasi
9,457 8,764 693 7.91 Securities Administration Fee
Efek
Total Pendapatan 36,601,656 31,126,849 5,474,807 17.59 Total Income
*) Disajikan kembali. / Restated.
PT Sinar Mas Multiartha Tbk - 203
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Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Pendapatan Perseroan tercatat sebesar Rp36,60 triliun In 2025, the Company recorded an income of Rp36.60 trillion.
di tahun 2025. Jumlah tersebut meningkat sebesar 17,59% atau This amount increased by 17.59% or Rp5.47 trillion compared to
Rp5,47 triliun dibandingkan tahun sebelumnya yang tercatat Rp31.13 trillion recorded in the previous year. This change was
sebesar Rp31,13 triliun. Perubahan ini dipengaruhi oleh influenced by the increase of insurance underwriting income of
meningkatnya pendapatan underwriting asuransi sebesar Rp4.99 trillion.
Rp4,99 triliun.
Beban Usaha
Operating Expenses
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Pertumbuhan
Uraian 2025 2024*) Growth Description
Rp %
Beban Underwriting Asuransi 1,320,692 7,990 1,312,702 16,429.31 Insurance Underwriting Expenses
Beban Jasa Asuransi 20,736,834 15,618,627 5,118,207 32.77 Insurance Service Expense
Beban dari Kontrak Reasuransi yang
4,227,291 - 4,227,291 100.00 Reinsurance Contract Expenses
Dimiliki
Beban Keuangan Asuransi 1,208,521 1,332,334 (123,813) (9.29) Insurance Finance Expense
Beban Umum dan Administrasi 1,958,435 2,224,494 (266,059) (11.96) General and Administrative Expenses
Beban Gaji dan Tunjangan Karyawan 1,962,403 1,763,344 199,059 11.29 Salaries and Employee Benefits
Interest and Profit-Sharing
Beban Bunga dan Bagi Hasil 2,231,984 2,229,786 2,198 0.10
Expenses
Beban Kerugian Penurunan Nilai Provision for Impairment Losses
Aset Keuangan dan Non-Keuangan - - 508,907 (508,907) (100.00) of Financial and Non-Financial
Bersih Assets - Net
Beban Pokok Penjualan 697,603 661,602 36,001 5.44 Costs of Goods Sold
Kerugian atas Penurunan Nilai Wajar Loss on Decreases in Fair Value of
- 217,208 (217,208) (100.00)
Efek Securities
Pendapatan (Beban) Lain-Lain (197,611) 5,325,843 (5,523,454) (103.71) Other (Income) Expenses
Total Beban 34,146,152 29,890,135 4,256,017 14.24 Total Expenses
*) Disajikan kembali. / Restated.
Beban usaha Perseroan di tahun 2025 tercatat sebesar In 2025, the Company’s operating expenses were recorded at
Rp34,15 triliun, meningkat sebesar 14,24% atau Rp4,26 triliun Rp34.15 trillion, increased by 14.24% or Rp4.26 trillion compared
dibandingkan tahun 2024 yang tercatat sebesar Rp29,89 triliun. to Rp29.89 trillion recorded in 2024. This change was due to
Perubahan ini disebabkan oleh meningkatnya beban jasa the increase of insurance underwriting expense of Rp5.12 trillion.
asuransi sebesar Rp5,12 triliun.
Laba Sebelum Pajak Profit Before Tax
Laba sebelum pajak mengalami peningkatan sebesar In 2025, profit before tax increased by Rp1.22 trillion, from
Rp1,22 triliun, dari Rp1,24 triliun pada tahun 2024 menjadi Rp1.24 trillion in 2024 to Rp2.46 trillion in 2025.
Rp2,46 triliun di tahun 2025.
Beban Pajak Tax Expense
Pada tahun 2025, beban pajak tercatat sebesar Rp351,52 miliar, In 2025, tax expense was recorded at Rp351.52 billion,
meningkat sebesar 58,09% atau Rp129,17 miliar dibandingkan increased by 58.09% or Rp129.17 billion compared to
tahun sebelumnya yang tercatat sebesar Rp222,35 miliar. Rp222.35 billion recorded in the previous year.
Laba Tahun Berjalan Profit for the Year
Laba tahun berjalan mengalami peningkatan sebesar Profit for the year increased by Rp1.09 trillion or 107.42%, from
Rp1,09 triliun atau 107,42%, dari Rp1,01 triliun pada tahun 2024 Rp1.01 trillion in 2024 to Rp2.10 trillion in 2025.
menjadi Rp2,10 triliun di tahun 2025.
204 - PT Sinar Mas Multiartha Tbk
Page 207
Laporan Tahunan 2025
2025 Annual Report
Total Penghasilan (Rugi) Komprehensif Lain Total Other Comprehensive Income (Loss) - Net
Setelah Pajak of Tax
Total penghasilan komprehensif lain setelah pajak pada Total other comprehensive income after tax in 2025 amounted
tahun 2025 tercatat sebesar Rp74,32 miliar, berbalik dari rugi to Rp74.32 billion, reversing from other comprehensive loss after
komprehensif lain setelah pajak sebesar Rp236,07 miliar pada tax of Rp236.07 billion in 2024. Accordingly, this represented
tahun 2024. Dengan demikian, terjadi peningkatan sebesar an improvement of Rp310.38 billion compared to the previous
Rp310,38 miliar dibandingkan tahun sebelumnya. year.
Total Penghasilan Komprehensif Total Comprehensive Income
Perseroan mencatatkan jumlah penghasilan komprehensif In 2025, the Company recorded total comprehensive income of
sebesar Rp2,18 triliun di tahun 2025, meningkat sebesar Rp2.18 trillion, increased by 179.88% or Rp1.40 trillion compared
179,88% atau Rp1,40 triliun dibandingkan periode sebelumnya to Rp778.29 billion recorded in the previous period.
yang tercatat sebesar Rp778,29 miliar.
Laporan Arus Kas Konsolidasian
Consolidated Statements of Cash Flows
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Pertumbuhan
Uraian 2025 2024 Growth Description
Rp %
Arus Kas Diperoleh dari (Digunakan Cash Flows from (Used in)
(1,836,221) 5,120,056 (6,956,277) (135.86)
untuk) Aktivitas Operasi Operating Activities
Arus Kas Diperoleh dari (Digunakan Cash Flows from (Used in)
(181,241) (363,071) (181,830) (50.08)
untuk) Aktivitas Investasi Investing Activities
Arus Kas Diperoleh dari (Digunakan Cash Flows from (Used in)
359,035 (1,239,606) 1,598,641 128.96
untuk) Aktivitas Pendanaan Financing Activities
Net Increase in Cash and Cash
Kenaikan Bersih Kas dan Setara Kas (1,658,427) 3,517,379 (5,175,806) (147.15)
Equivalents
Cash and Cash Equivalents at
Kas dan Setara Kas Awal Tahun 23,380,455 19,530,995 3,849,460 19.71
Beginning of the Year
Cash and Cash Equivalents at
Kas dan Setara Kas Akhir Tahun 22,053,772 23,380,455 (1,326,683) (5.67)
the End of the Year
Arus Kas Diperoleh dari (Digunakan untuk) Cash Flows from (Used in) Operating
Aktivitas Operasi Activities
Pada tahun 2025, Perseroan menggunakan kas untuk aktivitas In 2025, the Company used cash for operating activities of
operasi sebesar Rp1,84 triliun. Kondisi ini berbanding terbalik Rp1.84 trillion. This was in contrast to the previous year, when
dengan tahun sebelumnya di mana Perseroan memperoleh kas the Company generated cash from operating activities of
dari aktivitas ini sebesar Rp5,12 triliun. Rp5.12 trillion.
Arus Kas Diperoleh dari (Digunakan untuk) Cash Flows from (Used in) Investing
Aktivitas Investasi Activities
Perseroan menggunakan kas untuk aktivitas investasi di tahun In 2025, the Company used cash in investing activities of
2025 sebesar Rp181,24 miliar. Jumlah tersebut menurun Rp181.24 billion. The amount represented a 50.08% decrease or
sebesar 50,08% atau Rp181,83 miliar dibandingkan penggunaan Rp181.83 billion compared to cash used for investing activities
kas untuk aktivitas investasi pada tahun 2024 yang sebesar of Rp363.07 billion in 2024. The decrease in cash usage was
Rp363,07 miliar. Penurunan penggunaan kas tersebut terutama primarily influenced by the lower acquisition of investment and
dipengaruhi oleh berkurangnya pembelian aset tetap sebesar equipment amounting to Rp224.07 billion.
Rp224,07 miliar.
PT Sinar Mas Multiartha Tbk - 205
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Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Arus Kas Diperoleh dari (Digunakan untuk) Cash Flows from (Used in) Financing
Aktivitas Pendanaan Activities
Pada tahun 2025, Perseroan memperoleh kas dari aktivitas In 2025, the Company generated cash from financing activities
pendanaan sebesar Rp359,04 miliar. Kondisi ini berbanding terbalik of Rp359.04 billion. This was in contrast to the previous year,
dengan tahun sebelumnya di mana Perseroan menggunakan when the Company used cash of Rp1.24 trillion for these
kas untuk aktivitas ini sebesar Rp1,24 triliun. Perubahan tersebut activities. The change was primarily influenced by proceeds
terutama dipengaruhi oleh adanya penambahan pinjaman yang from loan received of Rp1.25 trillion.
diterima sebesar Rp1,25 triliun.
Rasio Keuangan
Financial Ratio
Uraian 2025 2024*) Description
Profitabilitas (%) / Profitability (%)
Margin Laba Kotor 6.71 3.97 Gross Profit Margin
Margin Laba Bersih 5.59 3.08 Net Profit Margin
Rasio Laba terhadap Total Aset (ROA) 1.75 0.85 Return on Assets (ROA)
Rasio Laba terhadap Total Ekuitas (ROE) 8.12 4.27 Return on Equity (ROE)
Rasio Beban Operasional terhadap Pendapatan Ratio of Operating Expenses to Operating
93.29 96.03
Operasional (BOPO) Income (BOPO)
Likuiditas (%) / Liquidity (%)
Rasio Lancar 127.42 124.89 Current Ratio
Solvabilitas (%) / Solvency (%)
Rasio Liabilitas terhadap Total Aset 78.48 80.07 Debt to Assets Ratio
Rasio Liabilitas terhadap Total Ekuitas 364.63 401.78 Debt to Equity Ratio
*) Disajikan kembali. / Restated.
Profitabilitas Profitability
Profitabilitas Perseroan dipengaruhi oleh kondisi laba tahun The Company’s profitability was influenced by the profit for
berjalan selama periode tahun 2025. Margin laba kotor, margin the year condition throughout the 2025 period. The gross profit
laba bersih, rasio laba terhadap total aset (ROA), serta rasio laba margin, net profit margin, return on assets (ROA), and return
terhadap total ekuitas (ROE) masing-masing tercatat sebesar on equity (ROE) were respectively recorded at 6.71%; 5.59%;
6,71%; 5,59%; 1,75%; dan 8,12% meningkat dibandingkan tahun 1.75%; and 8.12%, increased compared to 3.97%; 3.08%; 0.85%;
sebelumnya yang tercatat sebesar 3,97%; 3,08%; 0,85%; and 4.27%, recorded in the previous year. Meanwhile, the ratio
dan 4,27%. Sementara itu, rasio beban operasional terhadap of operating expenses to operating income (BOPO) decreased
pendapatan operasional (BOPO) mengalami penurunan dari from 96.03% to 93.29% in 2025.
96,03% menjadi 93,29% di tahun 2025.
Kemampuan Membayar Utang Ability to Pay Debt
Perseroan menghitung kemampuan membayar utang melalui The Company is calculating its ability to pay debt through
profil likuiditas dan solvabilitas, yang dijelaskan sebagai berikut. the liquidity and solvency profile, as outlined below.
1. Rasio Likuiditas 1. Liquidity Ratio
Rasio likuiditas mencerminkan kapasitas Perseroan The liquidity ratio indicates the Company’s capacity to
dalam memenuhi liabilitas jangka pendek melalui rasio meet its short-term liabilities through current ratio. In 2025,
lancar. Pada tahun 2025, rasio lancar tercatat sebesar the current ratio was recorded at 127.42%, increased compared
127,42%, meningkat dibandingkan tahun sebelumnya yang to 124.89% recorded in the previous year. However,
tercatat sebesar 124,89%. Meskipun demikian, Perseroan the Company managed to demonstrate a sound liquidity
tetap menunjukkan tingkat likuiditas yang sehat dan level, reflecting an effective financial management.
mencerminkan pengelolaan keuangan yang efektif.
206 - PT Sinar Mas Multiartha Tbk
Page 209
Laporan Tahunan 2025
2025 Annual Report
2. Rasio Solvabilitas 2. Solvency Ratio
Rasio solvabilitas mencerminkan kapasitas Perseroan The solvency ratio indicates the Company’s capacity to meet
dalam memenuhi liabilitas jangka panjang serta menjaga the long-term liabilities while maintaining the sustainability
keberlanjutan struktur permodalan. Rasio solvabilitas terdiri of its capital structure. The solvency ratio consists of
dari rasio liabilitas terhadap total aset dan rasio liabilitas the debt to assets ratio and debt to equity ratio.
terhadap total ekuitas.
Perseroan mencatatkan rasio liabilitas terhadap total aset In 2025, the Company recorded debt to assets ratio of
sebesar 78,48% di tahun 2025, menurun dibandingkan 78.48%, decreased compared 80.07% recorded in 2024.
tahun 2024 yang tercatat sebesar 80,07%. Sementara Meanwhile, the debt to equity ratio was recorded at
itu, rasio liabilitas terhadap total ekuitas tercatat sebesar 364.63%, decreased compared to 401.78% recorded in
364,63%, menurun dibandingkan tahun sebelumnya yang the previous year. These changes still reflected a solid
tercatat sebesar 401,78%. Perubahan ini masih menunjukkan capital structure and the Company’s long-term capability to
struktur permodalan yang solid dan kemampuan jangka meet its obligations.
panjang Perseroan dalam memenuhi kewajibannya.
Kolektibilitas Piutang Receivables Collectability
Dalam pengelolaan piutang usaha secara konsolidasi, Perseroan On a consolidated basis, the Company and its Subsidiaries
dan Entitas Anak mempertimbangkan karakteristik dan risiko manage the trade receivable by considering the characteristics
piutang berdasarkan jenis serta hubungan transaksi. Cadangan and risks of receivables by type as well as relationship of
kerugian penurunan nilai dibentuk sebagai langkah kehati-hatian the transactions. Allowance for impairment losses is set out as
terhadap piutang tertentu. Kendati demikian, manajemen tetap a prudent measure on certain receivables. However, management
menilai bahwa piutang usaha dapat tertagih seluruhnya. believes that the trade receivables remain fully collectible.
Struktur Permodalan Capital Structure
Perseroan dan Entitas Anak mengelola permodalan secara The Company and its Subsidiaries continuously managing
berkelanjutan untuk memastikan tersedianya struktur modal capital structure to ensure the availability of a sound capital
yang sehat, guna mendukung kelangsungan aktivitas usaha structure to support business continuity and optimizing value
dan mengoptimalkan nilai bagi Pemegang Saham. Saat ini, for the Shareholders. Currently, the Company is not required
Perseroan tidak diwajibkan untuk memenuhi persyaratan modal to meet certain minimum capital requirements. The capital
minimum tertentu. Penyesuaian terhadap struktur permodalan structure adjustment is carried out periodically, in accordance
dilakukan secara berkala, disesuaikan dengan kondisi internal with the internal conditions of the Company as well as latest
Perseroan serta perkembangan ekonomi terkini. economic developments.
Manajemen secara rutin memantau struktur modal melalui The management routinely monitors the capital structure by
analisis gearing ratio, yaitu perbandingan antara utang bersih using gearing ratio analysis, which compare the net debt to
dan total modal. Utang bersih dihitung dari total liabilitas jangka total capital. Net debt is calculated from total short-term and
pendek dan jangka panjang yang tercantum dalam Laporan long-term liabilities stated in the Consolidated Statement of
Posisi Keuangan Konsolidasian, dikurangi kas dan setara Financial Position, less cash and cash equivalents. Meanwhile,
kas. Adapun modal mencerminkan total ekuitas yang dapat capital represents total equity attributable to the Shareholders.
diatribusikan kepada Pemegang Saham.
Informasi mengenai rasio utang bersih terhadap modal Information on the ratio of net debt to capital as of 31 December
per 31 Desember 2025 dan 2024 diungkapkan sebagai berikut. 2025 and 2024 are disclosed as follows.
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Uraian 2025 2024*) Description
Simpanan dan Simpanan dari Bank Lain 45,367,868 43,930,669 Deposits and Deposits from Other Banks
Pinjaman yang Diterima 2,509,972 1,257,352 Loans Received
Surat Berharga yang Diterbitkan 9,029,855 9,436,290 Securities Issued
*) Disajikan kembali. / Restated.
PT Sinar Mas Multiartha Tbk - 207
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Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Uraian 2025 2024*) Description
Kas dan Bank (9,180,682) (8,828,002) Cash and Cash in Banks
Total - Bersih 47,727,013 45,796,309 Total - Net
Total Ekuitas 25,911,103 23,739,762 Total Equity
Rasio Utang Bersih terhadap Modal (%) 184.20 192.91 The Ratio of Net Loans and Debts to Equity (%)
*) Disajikan kembali. / Restated.
Investasi Barang Modal Capital Goods Investment
Perseroan menetapkan investasi barang modal sebagai bagian The Company established capital goods investment as a part
dari upaya keberlanjutan usaha. Berikut ini adalah uraian of its business continuation efforts. Following is the realization
mengenai realisasi investasi barang modal Perseroan selama of the Company’s capital goods investment in the last 2 years.
2 tahun terakhir.
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Pertumbuhan
Uraian 2025 2024 Growth Description
Rp %
Tanah - 30,335 (30,335) (100.00) Land
Bangunan 21,407 24,946 (3,539) (14.19) Buildings
Peralatan Kantor 163,335 155,850 7,485 4.80 Office Equipment
Kendaraan Bermotor 24,417 49,606 (25,189) (50.78) Vehicles
Perlengkapan Kantor 4,990 7,677 (2,687) (35.00) Furniture and Fixture
Mesin dan Peralatan 493 549 (56) (10.20) Machineries and Equipment
Aset dalam Pembangunan 3,658 2,917 741 25.40 Buildings Under Construction
Aset yang Disewakan 73,924 175,273 (101,349) (57.82) Right-of-Use Assets
Total 292,224 447,153 (154,929) (34.65) Total
Ikatan Material terkait Investasi Barang Material Commitment related to Capital
Modal Goods Investment
Selama periode 2025, Perseroan dan Entitas Anak memiliki Throughout 2025, the Company and its Subsidiaries had
ikatan material terkait investasi barang modal, yang diuraikan material commitment related to capital goods investment,
sebagai berikut. as outlined below.
1. Perseroan memperoleh 2 fasilitas pinjaman dari PT Bank KB 1. The Company obtained 2 loan facilities from PT Bank KB
Indonesia Tbk untuk keperluan modal kerja dengan rincian Indonesia Tbk for general corporate purposes, with details
sebagai berikut. as follows.
a. Fasilitas pertama diperoleh berdasarkan Akta No. 117 a. The first facility was obtained based on Deed No. 117
tanggal 25 Juni 2025 dan surat persetujuan kredit dated 25 June 2025 and credit approval letter
No. 14627/CLB I/VI/2025, berupa term loan (revolving) No. 14627/CLB I/VI/2025, in the form of a revolving
dengan plafon sebesar Rp850 miliar. Fasilitas ini term loan with a maximum amount of Rp850 billion.
dikenakan suku bunga tetap sebesar 6,825% sampai This facility bears a fixed interest rate of 6.825%
dengan tanggal pelunasan, serta biaya provisi 3,7% dan until full settlement, a 3.7% provision fee and
biaya administrasi 0,2% yang dibayarkan di muka. Pada 0.2% administration fee, both paid upfront. As of
tanggal 31 Desember 2025, Perseroan telah melakukan 31 December 2025, the Company has made a partial
pelunasan sebagian sebesar Rp150 miliar, sehingga repayment of Rp150 billion, resulting in an outstanding
saldo pinjaman menjadi Rp700 miliar. balance of Rp700 billion.
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b. Fasilitas kedua diperoleh berdasarkan Akta No. 30 b. The second facility was obtained based on Deed
tanggal 25 Juli 2025 dan surat persetujuan kredit No. 30 dated 25 July 2025 and credit approval letter
No. 17464/CLB I/VII/2025, berupa term loan (revolving) No. 17464/CLB I/VII/2025, in the form of a revolving
dengan plafon sebesar Rp700 miliar, yang telah term loan with a maximum amount of Rp700 billion,
digunakan seluruhnya. Fasilitas ini dikenakan suku which had been fully utilized. This facility bears a fixed
bunga tetap sebesar 6,825%, serta upfront fee 0,85% interest rate of 6.825%, a 0.85% upfront fee and 0.1%
dan biaya administrasi 0,1% yang dibayarkan di muka. administration fee, both paid upfront.
Kedua fasilitas tersebut merupakan clean loan dan bersifat Both facilities are clean loans and uncommitted in nature.
uncommitted. Pembayaran pokok dilakukan secara Principal is payable on a bullet payment basis at maturity,
bullet payment pada saat jatuh tempo, sedangkan bunga while interest is payable monthly. These facilities will
dibayarkan setiap bulan. Fasilitas ini akan jatuh tempo pada mature on 25 June 2035. Based on the loan agreements,
25 Juni 2035. Berdasarkan perjanjian pinjaman, Perseroan the Company is required to maintain certain financial
wajib menjaga rasio keuangan tertentu dan memenuhi ratios and comply with other administrative obligations as
kewajiban administratif lainnya sebagaimana diatur dalam stipulated in the loan agreements. The loans are recorded
perjanjian pinjaman. Pinjaman tersebut dicatat sebagai as bank loan payable.
bank loan payable.
2. PT Sinar Mas Multifinance (SMF) menerima fasilitas kredit 2. PT Sinar Mas Multifinance (SMF) obtained loan facility from
dari PT Bank Mega Tbk (Bank Mega) dengan uraian sebagai PT Bank Mega Tbk (Bank Mega), with details as follows.
berikut.
a. Pada tanggal 9 Maret 2017, SMF memperoleh fasilitas a. On 9 March 2017, SMF obtained a revolving demand
kredit modal kerja dalam bentuk demand loan dari loan facility for working capital from Bank Mega, with
Bank Mega, dengan jumlah fasilitas maksimum a maximum facility of Rp125 billion. The availability
sebesar Rp125 miliar dan bersifat revolving. Fasilitas of the facility is for 12 months. In 2018, the facility is
ini memiliki jangka waktu 12 bulan. Pada tahun 2018, increased to Rp526 billion and in 2019, the facility is
fasilitas ini ditingkatkan menjadi Rp526 miliar dan further increased to Rp800 billion. In 2023, the facility
pada tahun 2019, fasilitas ini ditingkatkan lagi menjadi is decreased to Rp200 billion and will mature on
Rp800 miliar. Pada tahun 2023, fasilitas ini diturunkan 9 March 2024. This facility was fully paid by SMF and
menjadi Rp200 miliar dan akan jatuh tempo tanggal the facility has ended.
9 Maret 2024. Fasilitas ini sudah dilunasi oleh SMF dan
fasilitas telah berakhir.
b. Pada tanggal 29 Desember 2020, SMF memperoleh b. On 29 December 2020, SMF obtained Fixed Loan
fasilitas Pinjaman Tetap II dengan jumlah maksimum II facility with a maximum facility of Rp250 billion.
fasilitas sebesar Rp250 miliar. Fasilitas ini akan This facility will mature on 29 March 2024. On
jatuh tempo dalam 29 Maret 2024. Pada tanggal 25 February 2024, this facility was fully paid by SMF and
25 Februari 2024, fasilitas ini sudah dilunasi oleh SMF the facility has ended.
dan fasilitas telah berakhir.
c. Pada tanggal 9 Maret 2021, SMF memperoleh fasilitas c. On 9 March 2021, SMF obtained Fixed Loan III facility
Pinjaman Tetap III dengan jumlah maksimum fasilitas with a maximum facility of Rp400 billion. This facility
sebesar Rp400 miliar. Fasilitas ini akan jatuh tempo will mature on 9 December 2024. On 1 April 2024, this
tanggal 9 Desember 2024. Pada tanggal 1 April 2024, facility was fully paid by SMF and the facility has ended.
fasilitas ini sudah dilunasi oleh SMF dan fasilitas telah
berakhir.
d. Pada tanggal 14 April 2022, SMF memperoleh fasilitas d. On 14 April 2022, SMF obtained Fixed Loan IV facility
Pinjaman Tetap IV dengan jumlah maksimum fasilitas with a maximum facility of Rp600 billion. This facility
sebesar Rp600 miliar. Fasilitas ini sudah dilunasi oleh was fully paid by SMF and the facility has ended.
SMF dan fasilitas telah berakhir.
e. Pada tanggal 8 Maret 2024, SMF memperoleh fasilitas e. On 8 March 2024, SMF obtained Fixed Loan V facility
Pinjaman Tetap V dengan jumlah maksimum fasilitas with a maximum facility of Rp200 billion. This facility will
sebesar Rp200 miliar. Fasilitas ini akan jatuh tempo mature no later than 8 March 2028.
maksimal tanggal 8 Maret 2028.
Fasilitas dari Bank Mega dijamin dengan piutang pembiayaan The facility from Bank Mega is secured with multipurpose
multiguna serta jaminan perusahaan dari Perseroan. financing receivables and corporate guarantee from
the Company.
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3. SMF menerima fasilitas kredit dari PT Bank Pan Indonesia Tbk 3. SMF obtained loan facility from PT Bank Pan Indonesia Tbk
(Panin) dengan uraian sebagai berikut. (Panin) , with details as follows.
a. Fasilitas Pinjaman Tetap IV dengan jumlah a. Fixed Loan Facility IV with a maximum facility of
maksimum fasilitas sebesar Rp400 miliar dan bersifat Rp400 billion and is non-revolving. This facility will
non-revolving. Fasilitas ini akan jatuh tempo pada mature on 30 June 2024. On 5 April 2024, the facility
tanggal 30 Juni 2024. Pada tanggal 5 April 2024, was fully repaid by SMF and the facility has been
fasilitas ini sudah dilunasi oleh SMF dan fasilitas telah terminated.
berakhir.
b. Fasilitas Pinjaman Tetap V dengan jumlah maksimum b. Fixed Loan Facility V with a maximum facility of
fasilitas sebesar Rp400 miliar dan bersifat Rp400 billion and is non-revolving. The deadline for
non-revolving. Batas waktu penarikan fasilitas ini withdrawing this facility is 3 months with a maturity date
adalah 3 bulan dengan jatuh tempo sampai dengan on 27 September 2025. The facility was fully repaid by
27 September 2025. Fasilitas ini sudah dilunasi oleh SMF and the facility has been terminated.
SMF dan fasilitas telah berakhir.
Fasilitas ini dijamin secara fidusia dengan piutang The facility is fiduciary secured by multipurpose financing
pembiayaan multiguna dan pembiayaan modal kerja skema receivables and working capital financing with factoring
anjak piutang, serta jaminan dari Perseroan. scheme receivables, and corporate guarantee from
the Company.
4. Pada tanggal 7 April 2021, PT AB Sinar Mas Multifinance 4. On 7 April 2021, PT AB Sinar Mas Multifinance (ABSM)
(ABSM) memperoleh fasilitas kredit modal kerja dalam obtained a working capital credit facility in the form of an
bentuk installment loan dari PT Bank Central Asia Tbk installment loan from PT Bank Central Asia Tbk (Bank BCA),
(Bank BCA), dengan jumlah fasilitas maksimum sebesar with a maximum facility amounting to Rp500 billion. This
Rp500 miliar. Fasilitas ini memiliki jangka waktu 60 bulan. facility has a term of 60 months. This facility is secured by
Fasilitas ini dijamin dengan piutang sewa pembiayaan. finance lease receivables.
5. SMF menerima fasilitas kredit dari PT Bank Sahabat 5. SMF obtained credit facility from PT Bank Sahabat
Sampoerna (Bank Sampoerna) dengan uraian sebagai Sampoerna (Bank Sampoerna), with details as follows.
berikut.
a. Pada tanggal 18 Juni 2020, SMF memperoleh fasilitas a. On 18 June 2020, SMF obtained a non-revolving
kredit modal kerja dari Bank Sampoerna, dengan jumlah working loan facility from Bank Sampoerna, with
fasilitas maksimum sebesar Rp100 miliar dan bersifat a maximum facility of Rp100 billion. The facility has
non-revolving. Fasilitas ini memiliki jangka waktu an availability period of 12 months and will mature on
pencairan 12 bulan dan akan jatuh tempo pada tanggal 18 June 2026.
18 Juni 2026.
b. Pada tanggal 18 Juni 2020, SMF memperoleh fasilitas b. On 18 June 2020, SMF obtained an Overdraft Working
Kredit Pinjaman Rekening Koran dari Bank Sampoerna, Loan Facility from Bank Sampoerna, with a maximum
dengan jumlah fasilitas sebesar Rp150 miliar. Fasilitas facility of Rp150 billion. This facility has been extended
ini telah diperpanjang dan akan jatuh tempo tanggal and will mature on 18 June 2026.
18 Juni 2026.
c. Pada tanggal 25 Agustus 2022, SMF memperoleh c. On 25 August 2022, SMF obtained a revolving working
fasilitas kredit modal kerja, dengan jumlah fasilitas capital facility, with a maximum facility of Rp150 billion.
maksimum sebesar Rp150 miliar dan bersifat revolving. On June 2023, the facility has been upgraded to
Pada Juni 2023, Fasilitas ini telah ditingkatkan menjadi Rp300 billion. The availability of the facility is for
Rp300 miliar Fasilitas ini memiliki jangka waktu 12 months with latest maturity date of 29 August 2024.
12 bulan dengan jatuh tempo terakhir sampai dengan The facility was not extended.
29 Agustus 2024. Fasilitas ini tidak diperpanjang.
Fasilitas dari Bank Sampoerna dijamin dengan piutang The facility from Bank Sampoerna is secured by multipurpose
pembiayaan multiguna dan piutang sewa pembiayaan, financing receivables and finance lease receivables, as well
serta jaminan perusahaan dari Perseroan. as corporate guarantee from the Company.
6. SMF menerima fasilitas kredit dari PT Bank Danamon 6. SMF obtained loan facility from PT Bank Danamon
Indonesia Tbk (Bank Danamon) dengan uraian sebagai Indonesia Tbk (Bank Danamon), with details as follows.
berikut.
a. Pada tanggal 15 Juni 2017, SMF memperoleh fasilitas a. On 15 June 2017, SMF obtained a revolving loan facility
kredit modal kerja, dengan jumlah fasilitas maksimum for working capital, with a maximum facility of Rp100
sebesar Rp100 miliar dan bersifat revolving. Fasilitas ini billion. The availability of the facility is for 12 months and
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memiliki jangka waktu 12 bulan dan telah diperpanjang has been extended several times with latest maturity
beberapa kali dengan jatuh tempo terakhir sampai date of 15 June 2026.
dengan 15 Juni 2026.
b. Pada tanggal 11 November 2021, SMF memperoleh b. On 11 November 2021, SMF obtained Term Installment
fasilitas Kredit Angsuran Berjangka (KAB) untuk kredit Credit (KAB) facility for working capital (specifically
modal kerja (khusus pembiayaan konsumen) dengan for consumer finance) with a maximum facility of
jumlah maksimum fasilitas sebesar Rp300 miliar. Rp300 billion. This facility has a maximum withdrawal
Fasilitas ini memiliki jangka waktu penarikan period of 12 months from the signing of the credit
maksimal 12 bulan sejak penandatanganan perjanjian agreement. The facility will mature on 11 November 2025.
kredit. Fasilitas ini memiliki jatuh tempo hingga The facility was not extended.
11 November 2025. Fasilitas ini tidak diperpanjang.
Fasilitas dari Bank Danamon dijamin dengan piutang The facilities from Bank Danamon were secured by
pembiayaan multiguna, aset tetap, dan jaminan perusahaan multipurpose financing receivables, property and
dari Perseroan. equipment, and corporate guarantee from the Company.
7. Pada tanggal 24 Juni 2022, SMF menerima fasilitas kredit 7. On 24 June 2022, SMF obtained a credit facility from
dari PT Bank Neo Commerce Tbk (Bank Neo) dengan uraian PT Bank Neo Commerce Tbk (Bank Neo), with details as
sebagai berikut. follows.
a. Pinjaman Reguler dengan jumlah fasilitas maksimum a. Regular Loans with a maximum facility amount of
sebesar Rp200 miliar dan bersifat executing revolving. Rp200 billion and are executing revolving in nature.
Fasilitas ini digunakan untuk pembiayaan modal This facility is used for receivables factoring financing.
kerja anjak piutang. Fasilitas ini mempunyai jangka The facility has a maximum availability period of
waktu pencairan maksimal 12 bulan dan akan jatuh 12 months and will mature on 24 June 2024. The facility
tempo tanggal 24 Juni 2024. Fasilitas ini tidak lagi is no longer extended.
diperpanjang.
b. Pinjaman Angsuran dengan jumlah fasilitas b. Installment Loans with a maximum facility of Rp50 billion
maksimum sebesar Rp50 miliar dan bersifat executing and are executing non-revolving in nature. This facility
non-revolving. Fasilitas ini digunakan untuk pembiayaan is used for consumer working capital financing and
modal kerja konsumen dan sewa guna usaha. Fasilitas finance lease. The facility has a maximum availability
ini mempunyai jangka waktu pencairan maksimal period of 36 months and availability drawdown of
36 bulan serta batas waktu penarikan 3 bulan dan akan 3 months and will mature on 24 September 2025.
jatuh tempo tanggal 24 September 2025. Fasilitas ini The facility is no longer extended.
tidak diperpanjang.
Fasilitas kredit dari Bank Neo dijamin dengan piutang The loan facilities from Bank Neo are secured by working
pembiayaan modal kerja serta jaminan perusahaan dari capital financing receivables as well as corporate guarantees
Perseroan. from the Company.
8. SMF memperoleh fasilitas kredit modal kerja dari PT Bank 8. SMF obtained a revolving loan facility for working capital
Negara Indonesia (Persero) Tbk (BNI) dengan jumlah from PT Bank Negara Indonesia (Persero) Tbk (BNI) with
maksimum sebesar Rp350 miliar dan bersifat revolving. a maximum facility amount of Rp350 billion. The availability
Batas waktu penarikan fasilitas ini adalah 12 bulan. Fasilitas of the facility is 12 months. The facility has been settled on
ini telah dilunasi pada 5 Juli 2024. Fasilitas sudah tidak 5 July 2024. The facility was not extended.
diperpanjang.
9. Pada tanggal 21 Juni 2022, SMF memperoleh Fasilitas Tetap 9. On 21 June 2022, SMF obtained a Fixed On Demand
On Demand (PTX-OD) dari PT Bank Mayapada International Facility (PTX-OD) from PT Bank Mayapada International
Tbk (Bank Mayapada), dengan jumlah fasilitas maksimum Tbk (Bank Mayapada), with a maximum facility amount of
sebesar Rp50 miliar. Fasilitas ini digunakan untuk tambahan Rp50 billion. The facility is used as an additional working
modal usaha pembiayaan. Fasilitas ini mempunyai jangka capital financing. The availability drawdown of the facility is
waktu pencairan maksimal 12 bulan dan akan jatuh tempo for 12 months and will mature on 21 June 2025. The facility
tanggal 21 Juni 2025. Fasilitas ini dijamin dengan piutang is secured by multipurpose financing receivables.
pembiayaan multiguna.
10. Pada tanggal 5 Januari 2023, SMF memperoleh fasilitas 10. On 5 January 2023, SMF obtained an Executing Multifinance
Kredit Eksekuting Multifinance (KEM) dari PT Bank Jtrust Credit (KEM) facility from PT Bank Jtrust Indonesia Tbk
Indonesia Tbk (Bank Jtrust) dengan jumlah fasilitas (Bank Jtrust) with a maximum facility amount of Rp100 billion.
maksimum sebesar Rp100 miliar dan bersifat non-revolving, The facility is non-revolving, uncommitted, and advised.
uncommitted, dan advised. Fasilitas ini mempunyai jangka The facility has a maximum disbursement period of
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waktu pencairan maksimal 36 bulan serta batas waktu 36 months and withdrawal deadline of 6 months and will
penarikan 6 bulan dan akan jatuh tempo pada tanggal mature on 5 July 2028. The facilities is fiduciary secured
5 Juli 2028. Fasilitas ini dijamin secara fidusia dengan by multipurpose financing receivables and working capital
piutang pembiayaan multiguna dan pembiayaan modal kerja financing with factoring scheme receivables, a 10% time
skema anjak piutang, deposito berjangka sebesar 10% yang deposits pledged under a non-notarized pawn agreement,
diikat secara gadai (unnotaril) serta jaminan dari Perseroan. as well as a corporate guarantee from the Company.
11. Pada tanggal 25 Juli 2024, SMF memperoleh fasilitas kredit 11. On 25 July 2024, SMF obtained a credit facility from PT
dari PT Bank Victoria International Tbk (Bank Victoria), Bank Victoria International Tbk (Bank Victoria), with details
dengan rincian sebagai berikut. as follows.
a. SMF memperoleh fasilitas Modal Kerja Executing a. SMF obtained an Executing Revolving Working Capital
Revolving dari PT Bank Victoria Syariah dengan jumlah facility from PT Bank Victoria Syariah with a maximum
fasilitas maksimum sebesar Rp50 miliar. Fasilitas facility amount of Rp50 billion. The facility has a term of
ini mempunyai jangka waktu 12 bulan dengan tenor 12 months with a maximum financing tenor of 6 months
pembiayaan maksimum 6 bulan sesuai dengan umur according to the age of the accounts receivable.
piutang usaha.
b. SMF memperoleh fasilitas Modal Kerja Executing b. SMF obtained an Executing Non-Revolving Working
Non-Revolving dari PT Bank Victoria Syariah dengan Capital facility from PT Bank Victoria Syariah with
jumlah fasilitas maksimum sebesar Rp10 miliar. a maximum facility amount of Rp10 billion. The facility
Fasilitas ini mempunyai jangka waktu 12 bulan dengan has a term of 12 months with a maximum financing tenor
tenor pembiayaan maksimum 3 tahun terhitung sejak of 3 years starting from each facility disbursement date.
masing-masing tanggal pencairan fasilitas.
Fasilitas ini dijamin dengan piutang pembiayaan modal kerja These facilities are secured by a working capital financing
skema anjak piutang. receivables factoring scheme.
12. Pada tanggal 22 Agustus 2019, ABSM memperoleh 12. On 22 August 2019, ABSM obtained a revolving demand
fasilitas kredit modal kerja dalam bentuk demand loan dari loan facility for working capital from Bank Victoria, with
Bank Victoria, dengan jumlah fasilitas maksimum sebesar a maximum facility amount of Rp100 billion. The availability
Rp100 miliar dan bersifat revolving. Fasilitas ini memiliki of the facility is for 12 months, and has been extended with
jangka waktu 12 bulan, dan telah diperpanjang dengan maturity date on 29 Augusts 2025. The facility is secured
jatuh tempo terakhir tanggal 29 Agustus 2025. Fasilitas ini by time deposit of Bank Victoria amounting to Rp100 billion
dijamin dengan deposito berjangka Bank Victoria sebesar from the Company.
Rp100 miliar atas Perseroan.
13. Pada tanggal 16 Februari 2024, SMF memperoleh fasilitas 13. On 16 February 2024, SMF obtained a Stand by Fixed Lan
Stand by Fixed Lan Angsuran (SBFLA) dari PT Bank Installment (SBFLA) facility from PT Bank Amar Indonesia
Amar Indonesia Tbk (Bank Amar) dengan jumlah fasilitas Tbk (Bank Amar) with a maximum facility amount of
maksimum sebesar Rp25 miliar. Fasilitas ini mempunyai Rp25 billion. This facility has a term of 6 years. The facility is
jangka waktu 6 tahun. Fasilitas ini dijamin dengan tanah dan secured by land buildings as well as CG from SMF.
bangunan serta CG dari SMF.
14. ABSM memperoleh fasilitas kredit dari PT Bank 14. ABSM obtained credit facilities from PT Bank Ganesha Tbk
Ganesha Tbk (Bank Ganesha) sebagai berikut. (Bank Ganesha) as follows.
a. Fasilitas Fixed Loan 1 (FL-1) sebesar Rp40 miliar a. Fixed Loan 1 (FL-1) facility of Rp40 billion on 17 May 2019.
pada tanggal 17 Mei 2019. Pada 24 November 2025, On 24 November 2025, the maximum amount of
nilai maksimum dari fasilitas ini ditingkatkan menjadi the facility was increased to Rp140 billion and the facility
Rp140 miliar dan fasilitas ini disebut menjadi Short Term is now called Short Term Loan 1 (STL-1). The facility is
Loan 1 (STL-1). Fasilitas ini dijamin dengan piutang secured by receivables from working capital financing
pembiayaan modal kerja skema anjak piutang dan aset from the factoring scheme and assets for rent in
tetap untuk disewakan berupa kendaraan. the form of vehicles.
b. Fasilitas Fixed Loan 2 (FL-2) sebesar Rp40 miliar pada b. Fixed Loan 2 (FL-2) facility of Rp40 billion on 27 July 2020.
tanggal 27 Juli 2020. Pada 24 November 2025, fasilitas On 24 November 2025, the facility is now called Short
ini disebut menjadi Short Term Loan 2 (STL-2). Term Loan 2 (STL-2).
Fasilitas FL-1 dan FL-2 mempunyai jangka waktu 12 bulan The FL-1 and FL-2 facilities have a terms of 12 months and
dan telah diperpanjang beberapa kali dengan jatuh tempo have been extended several times with the latest maturity
terakhir 16 Juni 2025. date on 16 June 2025.
15. Pada tanggal 24 Januari 2024, SMF memperoleh Fasilitas 15. On 24 January 2024, SMF obtained a Money Market
Pinjaman Akseptasi Money Market (PA MM) dari PT Bank Acceptance Loan Facility (PA MM) from PT Bank Capital
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Capital Indonesia Tbk (Bank Capital), dengan jumlah fasilitas Indonesia Tbk (Bank Capital), with a maximum facility
maksimum sebesar Rp200 miliar dan bersifat revolving. amount of Rp200 billion and is revolving. The facility has
Fasilitas ini memiliki jangka waktu 12 bulan sejak akad kredit a term of 12 months since the credit agreement was signed,
ditandatangani, yaitu sampai dengan 24 Januari 2025. namely until 24 January 2025. The facility is secured by
Fasilitas ini dijamin dengan piutang usaha. Fasilitas ini sudah trade receivables. The facility was not extended.
tidak diperpanjang.
Informasi dan Fakta Material mengenai Material Information and Facts related
Investasi, Ekspansi, Divestasi, Akuisisi, to Investment, Expansion, Divestment,
dan Restrukturisasi Utang/Modal Acquisition, and Debt/Capital Restructuring
Investasi Investment
Sepanjang tahun 2024, Perseroan telah melakukan investasi Throughout 2024, the Company have made the following
sebagai berikut. investments.
1. Melakukan investasi pada Global Asian Investments 1. Invested in Global Asian Investments Limited amounting to
Limited sebesar RMB9.000.000 atau equivalen dengan RMB9,000,000 or equal to USD1,250,000.
USD1.250.000.
2. Melakukan tambahan setoran modal/investasi pada 2. Additional capital/investment injection into PT Asuransi
PT Asuransi Sinar Mas Syariah sebanyak 0,001%. Sinar Mas Syariah of 0.001%.
3. Melakukan tambahan setoran modal pada PT Rizki Lancar 3. Increased its capital contribution to PT Rizki Lancar
Sentosa melalui konversi utang sebesar Rp340.000.000.000,- Sentosa through a debt conversion amounting to
dan menambah setoran tunai sebesar Rp25.055.000.000,- Rp340,000,000,000 and additional cash contribution of
sebagai tambahan modal disetor. Rp25,055,000,000,- as additional paid-in capital.
4. Melakukan penyertaan modal/investasi pada PT Lembaga 4. Capital investment into PT Lembaga Sertifikasi Profesi
Sertifikasi Profesi Asuransi Kompetensi Indonesia (LSP Asuransi Kompetensi Indonesia (LSP AKASI) amounting to
AKASI) sebesar Rp8.000.000,-. Rp8,000,000.
5. Melakukan tambahan setoran modal pada PT Jakarta 5. Increased its capital contribution to PT Jakarta Teknologi
Teknologi Utama Rp562.096.000.000,-. Utama Rp562,096,000,000.
6. Melakukan konversi pinjaman subordinasi dan menambah 6. Converted a subordinated loan and made an additional
setoran modal pada PT Sinartama Gunita masing-masing capital contribution to PT Sinartama Gunita amounting to
sebesar Rp340.000.000.000,- dan Rp25.055.000.000,-. Rp340,000,000,000 and Rp25,055,000,000, respectively.
7. Melakukan konversi pinjaman subordinasi pada 7. Converted a subordinated loan to PT Arthamas Solusindo
PT Arthamas Solusindo sebesar Rp880.000.000.000,-. amounting to Rp880,000,000,000.
8. Melakukan konversi pinjaman subordinasi pada PT Shinta 8. Converted a subordinated loan to PT Shinta Utama
Utama sebesar Rp1.320.000.000.000,-. amounting to Rp1,320,000,000,000.
9. Melakukan tambahan setoran modal pada PT Pasar Gadai 9. Increased its capital contribution to PT Pasar Gadai Digital
Digital sebesar Rp2.000.000.000,-. amounting to Rp2,000,000,000,-.
10. Mendirikan PT Sinar Mas Asuransi Syariah bersama dengan 10. Established PT Sinar Mas Asuransi Syariah with PT Asuransi
PT Asuransi Sinar Mas pada 22 April 2025. Sinar Mas on 22 April 2025.
Akuisisi Acquisition
Pada tahun 2025, Perseroan tidak melakukan akuisisi. In 2025, the Company did not make any acquisition.
Divestasi Divestment
Pada tahun 2025, menjual saham PT Sinarmas Futures dan In 2025, sold shares of PT Sinarmas Futures and PT Kebayoran
PT Kebayoran Parama Propertindo. Parama Propertindo.
Kewajaran Transaksi Fairness of Transaction
Seluruh transaksi investasi dilakukan secara wajar sesuai All transactions with investments were carried out fairly in
dengan peraturan dan ketentuan yang berlaku. accordance with the applicable rules and regulations.
Pemenuhan Ketentuan Terkait Compliance with Related Provisions
Informasi mengenai investasi di sepanjang tahun 2025 telah Information regarding the investment throughout 2025 has been
diumumkan sebagai keterbukaan informasi melalui Bursa Efek announced as information disclosure through the Indonesia
Indonesia. Stock Exchange.
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Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Transaksi Material yang Mengandung Material Transactions Having Conflicts of
Benturan Kepentingan atau Transaksi Interest or Transactions with Affiliates
dengan Pihak Berelasi
Informasi terkait transaksi dengan pihak Berelasi yang tergabung Information related to transactions with affiliates who are members
dalam Grup Sinar Mas telah diungkapkan dalam Laporan of Sinar Mas Group have been disclosed in the Company’s
Keuangan Konsolidasian Perseroan pada Catatan No. 44. Consolidated Financial Statements in Note No. 44.
Sifat Berelasi Affiliates Nature
Pihak-pihak berelasi Perseroan terdiri dari: The Company’s affiliates consist of:
1. Pemegang Saham (termasuk Pemegang Saham akhir); 1. Shareholders (including the ultimate Shareholders);
2. Perusahaan-perusahaan yang dimiliki secara langsung atau 2. Companies directly or indirectly owned by the Company’s
tidak langsung oleh Pemegang Saham Perseroan; dan Shareholders; and
3. Perusahaan-perusahaan yang dikendalikan oleh anggota 3. Companies controlled by close family members of
keluarga dekat Pemegang Saham dan Manajemen Kunci the Company’s Shareholders and Key Management.
Perseroan.
Transaksi dengan Pihak Berelasi Transactions with Affiliates
Berikut uraian terkait transaksi dengan pihak berelasi. Transactions with affiliates are described as follows.
1. Saldo dalam Laporan Posisi Keuangan Konsolidasian yang 1. The balances in the Consolidated Statement of Financial
merupakan transaksi dengan pihak-pihak berelasi yang Position that are material transactions with affiliates at
material pada tanggal pelaporan diuraikan sebagai berikut. the reporting date are as follows.
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
2025 2024
Persentase Persentase
terhadap terhadap
Uraian Total Aset/ Total Aset/ Description
Total Liabilities Total Liabilities
Percentage of Percentage of
Total Assets/ Total Assets/
Liabilities Liabilities
Aset / Assets
Investasi Jangka Pendek 4,244,414 3.53 5,181,316 4.35 Short-Term Investments
Multipurpose Financing
Piutang Pembiayaan Multiguna 522 0.00 615 0.00
Receivables
Piutang Sewa Pembiayaan 8,357 0.01 33,408 0.03 Financing Lease Receivables
Piutang Pembiayaan Modal Working Capital Financing with
- - 18,954 0.02
Kerja Skema Anjak Piutang Factoring Scheme Receivables
Premium and Reinsurance
Piutang Premi dan Reasuransi - - 971 0.00
Receivables
Kredit yang Diberikan 110,156 0.09 104,202 0.09 Loans
Piutang Lain-Lain 76,730 0.06 544,053 0.46 Other Receivables
Aset Lain-Lain 397,838 0.33 717,019 0.60 Other Assets
Total Aset 4,838,017 4.02 6,600,538 5.54 Total Assets
Liabilitas / Liabilities
Simpanan dan Simpanan dari Deposits and Deposits from
5,944,544 6.29 8,422,492 8.83
Bank Lain Other Banks
Utang Asuransi - - 433,887 0.45 Insurance Payables
Liabilitas Lain-Lain 2,667,201 2.82 1,500 0.00 Other Liabilities
Total Liabilitas 8,611,745 9.11 8,857,879 9.29 Total Liabilities
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Laporan Tahunan 2025
2025 Annual Report
2. Pada tanggal 31 Desember 2025 dan 2024, Grup 2. On 31 December 2025 and 2024, the Group invested its
menginvestasikan dananya masing-masing sebesar funds amounting to Rp172.11 billion and Rp137.33 billion,
Rp172,11 miliar dan Rp137,33 miliar dalam unit penyertaan respectively, in units of mutual funds which were managed
reksa dana yang dikelola oleh SMS, Entitas Anak, sebagai by SMS, a Subsidiary, as an investment manager.
manajer investasi.
3. Grup telah mengasuransikan properti investasi dan aset 3. The Group has insured investment properties and property
tetap pada ASM. and equipment with ASM.
4. Beban gaji dan tunjangan yang telah dibayar oleh Grup 4. The aggregate salaries and benefits paid by the Group
kepada seluruh Dewan Komisaris dan Direksi untuk tahun to all Board of Commissioners and Board of Directors
2025 dan 2024 masing-masing sebesar Rp696,95 miliar in 2025 and 2024 amounted to Rp696.95 billion and
dan Rp486,66 miliar. Rp486.66 billion, respectively.
5. Pada tanggal 31 Desember 2025 dan 2024, saldo transaksi 5. On 31 December 2025 and 2024, the total balance
komitmen dan kontinjensi (L/C dan bank garansi) dengan of commitments and contingencies transactions (L/C
pihak berelasi masing-masing sebesar Rp114,78 miliar dan and bank guarantees) with related parties amounted to
Rp116,36 miliar. Rp114.78 billion and Rp116.36 billion.
6. Transaksi dengan pihak-pihak berelasi dilakukan dengan 6. Transactions with related parties are conducted with normal
kebijakan harga dan syarat normal, sebagaimana dilakukan policies and terms, as conducted with nonrelated parties,
dengan pihak yang tidak berelasi, kecuali piutang pembiayaan except for multipurpose financing receivables to employees.
multiguna kepada karyawan.
Komitmen dan Kontinjensi Commitments and Contingency
Entitas Anak Perseroan memiliki komitmen dan kontinjensi The Company’s Subsidiaries have the following commitments
sebagai berikut. and contingencies.
1. Bank Sinarmas selaku Entitas Anak, memiliki komitmen 1. Bank Sinarmas as a Subsidiary, has unresolved commitments
pembelian dan penjualan tunai mata uang asing yang belum to buy and sell foreign currency cash with details as follows.
diselesaikan dengan rincian sebagai berikut.
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Uraian 2025 2024 Description
Pembelian Tunai Mata Uang Asing (Spot, Purchase Foreign Currencies (Spot,Forward,
Forward, dan Swap) and Swap)
Dolar Amerika Serikat 329,656 177,045 United States Dollar
Yen Jepang 15,038 - Japanese Yen
Yuan Cina 15,007 - China Yuan
Euro 37,675 - Euro
Dolar Australia 3,346 - Australian Dollar
Total 400,722 177,045 Total
Penjualan Tunai Mata Uang Asing (Spot, Forward, Sell Foreign Currencies (Spot, Forward,
dan Swap) and Swap)
Dolar Amerika Serikat 853,543 523,892 United States Dollar
Yen Jepang 55,748 - Japanese Yen
Euro 35,228 - Euro
Total 944,519 523,892 Total
Pada tanggal 31 Desember 2025, transaksi spot dan swap As of 31 December 2025, the above spot and swap
di atas akan selesai masing-masing dalam 1 hari sampai transactions will be settled in 1 day to 2 days and 1 day to
2 hari dan 1 hari sampai 38 hari. 38 days, respectively.
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Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Pada tanggal 31 Desember 2024, transaksi spot, forward, As of 31 December 2024, the above spot, forward, and
dan swap di atas akan selesai masing-masing dalam swap transactions will be settled in 1 day to 2 days, 1 days to
1 hari sampai 2 hari, 1 hari sampai 40 hari, dan 1 hari sampai 40 days, and 1 day to 56 days, respectively.
56 hari.
2. Bank Sinarmas memiliki tagihan dan liabilitas komitmen dan 2. Bank Sinarmas has commitments and contingency
kontinjensi dalam rangka ekspor-impor, pemberian garansi receivables and liabilities related to export-import, providing
dan pemberian kredit kepada nasabah dengan rincian guarantees, and providing credit to customers with
sebagai berikut. the following details.
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
Uraian 2025 2024 Description
Komitmen / Commitment
Liabilitas Komitmen / Commitment Liabilities
Fasilitas Kredit kepada Nasabah yang Belum Unused Loan Commitments Granted to
1,189,106 512,494
Digunakan Customers
Irrevocable Letter of Credit 57,709 29,011 Irrevocable Letter of Credit
Total 1,246,815 541,505 Total
Kontijensi / Contingency
Tagihan Kontijensi / Contingent Receivables
Pendapatan Bunga dalam Penyelesaian 15,828 32,107 Past Due Interest Revenues
Liabilitas Kontijensi / Contingent Liabilities
Bank Garansi 378,638 789,456 Bank Guarantee Issued
Total - Bersih (362,810) (757,349) Total - Net
Pada tanggal 31 Desember 2025 dan 2024, saldo transaksi As of 31 December 2025 and 2024, the balance of
komitmen dan kontinjensi berupa letters of credit dan bank commitment and contingent transactions consisting
garansi dengan pihak berelasi masing-masing sebesar of letters of credit and bank guarantees with related
Rp50,29 miliar dan Rp114,78 miliar. parties amounted to Rp50.29 billion and Rp114.78 billion,
respectively.
Pada tanggal 31 Desember 2025 dan 2024, jangka waktu As of 31 December 2025 and 2024, the average terms of
untuk letter of credit masing-masing berkisar antara letters of credit are from 1 month until 3 months and 1 month
1-3 bulan, dan 1-7 bulan, sedangkan untuk bank garansi until 7 months, respectively, while for bank guarantees are
masing-masing berkisar antara 2-60 bulan dan 1-60 bulan. from 2 month until 60 months and 1 month until 60 months,
respectively.
Saldo letter of credit yang dijamin dengan jaminan tunai Balance of letters of credit outstanding secured by cash
pada tanggal 31 Desember 2025 dan 2024 masing-masing collateral as of 31 December 2025 and 2024 amounted to
adalah sebesar Rp6,45 miliar dan Rp69 juta. Rp6.45 billion and Rp69 million, respectively.
Saldo bank garansi yang dijamin dengan jaminan tunai Balance of bank guarantees secured by cash collateral as of
pada tanggal 31 Desember 2025 dan 2024 masing-masing 31 December 2025 and 2024 amounted to Rp252.59 billion
adalah sebesar Rp252,59 miliar dan Rp523,45 miliar. and Rp523.45 billion, respectively.
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2025 Annual Report
Instrumen Keuangan Derivatif dan Derivative Financial Instruments and
Aktivitas Lindung Nilai Hedging Activities
Transaksi derivatif yang dilakukan Perseroan mencakup kontrak The Company carried out derivative transactions consisting
tunai dan berjangka mata uang asing. Instrumen tersebut of cash and futures contracts in foreign currency. These
dinilai menggunakan metode nilai wajar berdasarkan harga instruments are valued using the fair value method using market
pasar, dan dicatat dalam Laporan Posisi Keuangan. Jika nilai prices and recorded in the Statement of Financial Position. If
wajarnya positif, derivatif diakui sebagai aset, sebaliknya, jika the fair value is positive, the derivative is recognized as an asset,
negatif, dicatat sebagai liabilitas. Keuntungan atau kerugian dari and contrary, if it has a negative fair value, it is recorded as
perubahan nilai wajar diakui secara langsung dalam laba rugi. a liability. Gains or losses from changes in fair value are directly
recognized in profit/loss.
Aspek Pemasaran Marketing Aspect
Strategi Pemasaran Marketing Strategy
Selama periode berjalan, Perseroan dan Entitas Anak telah Throughout the period, the Company and its Subsidiaries have
menjalankan strategi pemasaran berikut. carried out the following marketing strategy.
1. Restrukturisasi portofolio bisnis, termasuk sumber bisnis. 1. Business portfolio restructuring, including business sources.
2. Mengembangkan dan memaksimalkan bisnis dari Grup. 2. Developing and maximizing business from the Group.
3. Mengembangkan bisnis kerja sama dengan bank daerah. 3. Developing business cooperation with regional banks.
4. Mengembangkan bisnis agency. 4. Developing agency business.
5. Mengembangkan produk digital Entitas Anak. 5. Developing the Subsidiaries’ digital products.
Pangsa Pasar Market Share
Di tengah meningkatnya persaingan di sektor lembaga Amidst the increasing competition in the financial institution
keuangan dan non-bank, serta dinamika perekonomian and non-bank sectors, as well as the dynamics of global
global maupun nasional, Perseroan tetap optimis dapat and national economics, the Company remains optimistic of
mempertahankan keberlanjutan usahanya, khususnya di pasar maintaining the sustainability of its business, particularly in
domestik. Keyakinan ini didukung oleh kinerja Entitas Anak yang the domestic market. This belief is supported by the performance
konsisten menunjukkan stabilitas dan kemampuan beradaptasi of the Subsidiaries, which consistently showing stability and
sepanjang periode berjalan. adaptability throughout the period.
Perbandingan Target dan Realisasi 2025 Target Comparison and Realization of
serta Target 2026 [POJK.51-F.2] 2025 and Target of 2026 [POJK.51-F.2]
Berikut informasi terkait perbandingan target dan realisasi 2025, Information on the 2025 target comparison and realization and
serta target untuk periode 2026. 2026 target is outlined as follows.
(dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)
2025 2026
Uraian Pencapaian Description
Realisasi
Target Achievement Target
Realization
(%)
Aset 120,391,247 131,213,402 91.75 124,693,233 Assets
Liabilitas 94,480,144 100,925,194 93.61 96,221,114 Liabilities
Ekuitas 25,911,103 30,288,208 85.55 28,472,120 Equity
Pendapatan 36,601,656 36,891,934 99.21 38,505,777 Income
Beban 34,146,152 34,257,408 99.68 35,805,642 Expenses
Laba Tahun Berjalan 2,103,984 2,384,078 88.25 2,322,656 Profit for the Year
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Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Prospek Usaha 2026 Business Prospect of 2026
Untuk tahun 2026, prospek global pada dasarnya masih In general, the global prospect continues to show growth in
menunjukkan pertumbuhan, tetapi level ketidakpastiannya 2026, despite the increasing level of uncertainty. The 2026
meningkat. Pertumbuhan global 2026 diproyeksikan sebesar global growth is projected at 3.3%, with 3.8% global inflation.
3,3% dengan inflasi global sebesar 3,8%. Proyeksi tersebut These projections are supported by investment in technology,
ditopang investasi teknologi, dukungan fiskal-moneter, dan fiscal-monetary support, and relatively accommodative financial
kondisi keuangan yang cukup akomodatif. Namun, risiko conditions. However, the downside risks due to conflicts in
penurunan prospek akibat konflik di Timur Tengah, lonjakan the Middle East, surging energy prices, and disruptions to global
harga energi, dan gangguan pasokan global membayangi. supply chains is still looming. Therefore, although global growth
Karena itu, meskipun pertumbuhan global masih akan ada, remains, there are greater downside risks than those seen in
tetapi terdapat downside risk yang lebih besar daripada yang the baseline at the beginning of the year.
terlihat pada baseline awal tahun.
Bagi Indonesia, prospek 2026 masih relatif positif. BI Indonesia still projects relatively positive 2026 prospect. BI
memprakirakan pertumbuhan ekonomi akan berada pada projects economic growth to be within the 4.9%-5.7% range.
kisaran 4,9%–5,7%. Permintaan domestik, investasi, stimulus Domestic demand, investment, fiscal-monetary stimulus, and
fiskal-moneter, dan transformasi digital akan menjadi penopang digital transformation will be the main drivers. Nevertheless,
utama. Namun, terdapat pula risiko utama yang berasal key risks remain, from the weakening of Rupiah, global energy
dari pelemahan Rupiah, harga energi global, ketidakpastian prices, trade uncertainties, as well as the effectiveness of
perdagangan, serta efektivitas transmisi suku bunga ke kredit. interest rate transmission to credit.
Khusus untuk sektor jasa keuangan, outlook 2026 masih Specific to financial services sector, the 2026 outlook remains
konstruktif. OJK memproyeksikan kredit perbankan tumbuh constructive. The Financial Services Authority (OJK) projects
10%-12% dengan pertumbuhan DPK 7%-9%; aset asuransi banking credit growth of 10%-12% with TPF growth of 7%-9%;
naik 5%-7%; piutang pembiayaan perusahaan pembiayaan insurance assets growth of 5%-7%; financing receivables of
tumbuh 6%-8%; dan penghimpunan dana di pasar modal financing companies’ growth of 6%-8%; and capital market fund
ditargetkan Rp250 triliun. OJK juga menegaskan prioritas raising targeted at Rp250 trillion. OJK also affirmed the 2026
2026 pada penguatan ketahanan sektor jasa keuangan, priorities on strengthening resilience of financial services sector,
pengembangan ekosistem yang kontributif, pendalaman development of contributing ecosystem, market deepening,
pasar, dan pengembangan keuangan berkelanjutan. Ini berarti and development of sustainable finance. Meaning, prospects
prospek segmen perbankan, asuransi, multifinance, sekuritas, for the banking, insurance, multi-finance, securities, investment
manajer investasi, dan layanan keuangan digital masih terbuka manager, and digital financial services segments remain
lebar, terutama bila Perseroan mampu menjaga kualitas aset, widely open, moreover if the Company is able of maintaining
memperkuat sinergi lintas entitas, memperluas inovasi digital, asset quality, strengthen cross-entity synergies, expand digital
dan menangkap pertumbuhan pembiayaan prioritas serta pasar innovation, and capture growth opportunities in the priority
modal domestik. financing sector and domestic capital market.
Untuk segmen pembangunan, perdagangan, dan jasa, In the development, trade, and services segment, prospects will
prospeknya akan sangat ditentukan oleh keberlanjutan investasi be highly dependent on sustainability of domestic investment,
domestik, proyek infrastruktur, konsumsi rumah tangga, dan infrastructure projects, household consumption, and national
aktivitas perdagangan nasional. Dukungan kebijakan dari trade activities. Policy support from the Government and BI that
pemerintah dan BI yang tetap pro-pertumbuhan, termasuk remains pro-growth, including support for the construction, real
dorongan ke sektor konstruksi, real estate, jasa, Usaha Mikro, estate, services, Micro, Small, and Medium Enterprises (MSME),
Kecil, dan Menengah (UMKM), dan ekonomi berkelanjutan, and sustainable economy sectors, provides room for recovery
memberi ruang pemulihan dan ekspansi bagi lini usaha and expansion for the non-financial business lines. However,
non-keuangan. Namun, sektor ini tetap perlu dikelola secara these sectors still require a selective management, as they are
selektif karena paling cepat terpengaruh oleh volatilitas kurs, promptly affected by exchange rate volatility, energy costs, and
biaya energi, dan perlambatan permintaan. weakening demand.
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Laporan Tahunan 2025
2025 Annual Report
Strategi Usaha 2026 Business Strategy of 2026
Sebagai kelanjutan dari pendekatan strategis sebelumnya, As a continuation of previous strategic approach, the Company
Perseroan dan Entitas Anak tetap konsisten menjalankan and its Subsidiaries remain consistent in implementing business
strategi usaha yang terdiri: strategies, which includes:
1. Meningkatkan sinergi antar Entitas Anak guna memperkuat 1. Increasing the synergy between Subsidiaries to strengthen
kinerja konsolidasi; consolidation performance;
2. Melakukan investasi pada sektor-sektor strategis serta 2. Investing in strategic sectors and promoting operational
mendorong efisiensi dan efektivitas operasional untuk efficiency and effectiveness to increase the consolidated
meningkatkan laba konsolidasi; profits;
3. Mengembangkan infrastruktur teknologi informasi secara 3. Developing information technology infrastructure in
berkelanjutan, termasuk integrasi sistem untuk mendukung sustainable manner, including system to support operational
efisiensi operasional; efficiency;
4. Menerapkan teknologi yang adaptif terhadap kebutuhan 4. Implementing adaptive technologies following the business
usaha dan membuka peluang baru, seperti pengembangan needs and opening new opportunities, such as development
e-business; serta of e-business; and
5. Mendorong inovasi dan penguatan kapabilitas SDM, 5. Promoting innovation and strengthening of human resources
termasuk peningkatan kualitas dan pengalaman karyawan capability, as well as improving the quality and experience
serta Tim Manajemen dalam menghadapi dinamika of employees and Management Team in addressing
perekonomian di masa depan. the future challenges.
Informasi Material Setelah Tanggal Material Information After the Date of
Laporan Akuntan Accountant Report
Informasi material setelah tanggal laporan akuntan diungkapkan Material information after the date of accountant report
dalam Laporan Keuangan Konsolidasian Perseroan pada is disclosed in the Consolidated Financial Statements of
Catatan No. 57 (Peristiwa Setelah Periode Pelaporan). the Company in Note No. 57 (Events After the Reporting Period).
Perubahan Peraturan Perundang-Undangan Amendment to Laws and Regulations with
yang Berdampak Signifikan terhadap Significant Impact to Company
Perusahaan
Pada tahun 2025, tidak terdapat perubahan regulasi maupun In 2025, there was no change in the regulation or new rules
peraturan baru oleh pemerintah atau instansi terkait yang introduced by the government or relevant authorities with direct
berdampak langsung terhadap Perseroan. impact on the Company.
Perubahan Kebijakan Akuntansi Changes in Accounting Policy
Penerapan standar akuntansi keuangan revisi berikut, yang Implementation of the following revised financial accounting
berlaku efektif 1 Januari 2025, relevan bagi Perseroan dan standards, effective on 1 January 2025, are relevant to
Entitas Anak namun tidak menyebabkan perubahan material the Company and its Subsidiaries but causing no material
terhadap jumlah-jumlah yang dilaporkan dalam Laporan changes on the amounts reported in the Consolidated
Keuangan Konsolidasian: Financial Statements:
1. PSAK 117, “Kontrak Asuransi”; 1. SFAS 117, “Insurance Contracts”;
2. Amendemen PSAK 117, “Kontrak Asuransi”: Penerapan Awal 2. Amendments to SFAS 117, “Insurance Contracts”: Initial
PSAK 117 dan PSAK 109 - Informasi Komparatif; dan Application of SFAS 117 and SFAS 109 - Comparative
Information; and
3. Amendemen PSAK 221, “Pengaruh Perubahan Kurs Valuta 3. Amendments to SFAS 221, “The Effects of Changes in
Asing”: Kekurangan Ketertukaran. Foreign Exchange Rates”: Lack of Exchangeability.
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Tata Kelola
Perusahaan
Corporate Governance
5
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Tata Kelola Perusahaan
Corporate Governance
Komitmen dan Penerapan GCG
Commitment and Implementation of GCG
Perseroan memandang penerapan tata kelola perusahaan yang The Company considers the implementation of good corporate
baik (good corporate governance/GCG) sebagai landasan governance (GCG) as an important foundation in maintaining
penting dalam menjaga keberlanjutan usaha dan membangun business sustainability and building trusts of both Shareholders
kepercayaan Pemegang Saham serta pemangku kepentingan. as well as stakeholders. The Company prioritize ethical behavior,
Perseroan mengedepankan perilaku beretika, akuntabilitas, accountability, transparency and sustainability in every business
transparansi, dan keberlanjutan dalam setiap aktivitas usaha activity, guided by applicable regulations and 2021 Indonesian
dengan berpedoman pada peraturan yang berlaku dan General Guidelines of Corporate Governance (PUGKI), to forge
Pedoman Umum Governansi Korporat Indonesia (PUGKI) 2021, a professional work culture with integrity and oriented toward
guna membentuk budaya kerja yang profesional, berintegritas, long-term growth.
dan berorientasi pada pertumbuhan jangka panjang.
Perilaku Beretika / Ethical Behavior
Perseroan senantiasa mengedepankan kejujuran, memperlakukan semua pihak dengan hormat (respect), memenuhi komitmen,
membangun serta menjaga nilai-nilai moral dan kepercayaan secara konsisten. Perseroan juga memperhatikan kepentingan Pemegang
Saham dan pemangku kepentingan lainnya berdasarkan asas kewajaran dan kesetaraan (fairness) dan dikelola secara independen
sehingga masing-masing organ Perseroan tidak saling mendominasi dan tidak dapat diintervensi oleh pihak lainnya.
The Company always prioritizes honesty, treating every party with respect, fulfilling commitment, consistently building and maintaining moral
values and trust. The Company also pays attention to the interests of Shareholders and other stakeholders based on fairness and equality
principles, and managed it independently, so each Company organ is not dominating each other dan cannot be intervened by other parties.
Akuntabilitas / Accountability
Perseroan dapat mempertanggungjawabkan kinerjanya secara transparan dan wajar. Untuk itu, Perseroan harus dikelola dengan benar,
terukur, dan sesuai dengan kepentingan korporat dengan tetap mempertimbangkan kepentingan Pemegang Saham dan pemangku
kepentingan. Akuntabilitas merupakan prasyarat yang diperlukan untuk mencapai kinerja yang berkelanjutan.
The Company holds itself accountable for its performance in a transparent and fair manner. Thus, the Company must be managed
properly, measurably, and in line with corporate interests while still considering the interests of Shareholders and stakeholders.
Accountability is a necessary prerequisite to achieve sustainable performance.
Transparansi / Transparency
Untuk menjaga objektivitas dalam menjalankan bisnis, Perseroan menyediakan informasi yang material dan relevan dengan cara yang
mudah diakses dan dipahami oleh pemangku kepentingan. Perseroan mengambil inisiatif untuk mengungkapkan tidak hanya masalah
yang diisyaratkan oleh peraturan perundang-undangan, tetapi juga hal yang penting untuk pengambilan keputusan oleh Pemegang
Saham, kreditur, dan pemangku kepentingan lainnya.
The Company provides material and relevant information in a way that is easily accessible and understood by stakeholders.
The Company took the initiative to disclose issues that is not only required by the laws and regulations, but also important for
decision-making by Shareholders, creditors, and other stakeholders.
Keberlanjutan / Sustainability
Perseroan mematuhi peraturan perundang-undangan dan berkomitmen melaksanakan tanggung jawab terhadap masyarakat dan
lingkungan, agar berkontribusi pada pembangunan berkelanjutan melalui kerja sama dengan semua pemangku kepentingan terkait
untuk meningkatkan kehidupan yang selaras dengan kepentingan bisnis dan agenda pembangunan berkelanjutan.
The Company always comply with laws and regulations and committed to carry out responsibilities toward the society and environment
to contribute in achieving sustainable development by collaborating with all relevant stakeholders to improve the quality of their life in
a way that is align with business interests and sustainable development agenda.
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Laporan Tahunan 2025
2025 Annual Report
Tujuan Penerapan GCG
Objective of GCG Implementation
Penerapan GCG di Perseroan bertujuan untuk: The GCG implementation in the Company is aimed to:
1. Mengarahkan dan mengendalikan hubungan antara organ 1. Directing and managing relationship between the Company’s
Perseroan (Pemegang Saham, Dewan Komisaris, dan organs (Shareholders, Board of Commissioners, and
Direksi) dengan karyawan, nasabah, mitra kerja, masyarakat, Board of Directors), with employees, customers, business
serta lingkungan; partners, and community, as well as the environment;
2. Memperkuat pertanggungjawaban kepada pemangku 2. Strengthening accountability to the stakeholders;
kepentingan;
3. Meningkatkan nilai tambah Perseroan secara berkelanjutan; 3. Improving the Company’s added value in a sustainable
manner;
4. Mengelola sumber daya dengan amanah; 4. Managing the resources more trustfully;
5. Mengendalikan risiko secara lebih efektif; 5. Controlling the risks more effectively;
6. Mencegah terjadinya penyimpangan dalam pengelolaan; 6. Preventing any irregularities in the management;
7. Menumbuhkan budaya kerja yang positif; dan 7. Nurturing a positive work culture; and
8. Mendukung pengembangan serta keberlanjutan Perseroan. 8. Driving Company’s development and sustainability forward.
PT Sinar Mas Multiartha Tbk - 223
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Tata Kelola Perusahaan
Corporate Governance
Struktur dan Mekanisme Penerapan GCG
Structure and Mechanism of GCG Implementation
Perseroan membangun tata kelola yang terstruktur untuk The Company sets a structured governance to ensure that
memastikan setiap organ perusahaan memiliki peran, tugas, dan every company organ has their roles, duties, and responsibilities
tanggung jawab yang selaras dengan prinsip GCG. Mekanisme in line with GCG principles. This mechanism is carried out by
ini dijalankan melalui keseimbangan antara fungsi pengelolaan balancing the management function by Board of Directors and
oleh Direksi dan fungsi pengawasan oleh Dewan Komisaris. supervisory function by Board of Commissioners.
Meskipun belum terdapat kebijakan khusus mengenai Although there is no specific policy on the segregation of
pemisahan peran Komisaris Utama dan Direktur Utama, roles of the President Commissioner and President Director,
Perseroan tetap menerapkan prinsip check and balance dalam the Company still applies check and balance principle in
tata kelola. Pengawasan dijalankan oleh Dewan Komisaris governance. The Board of Commissioners is carrying out
dengan dukungan Komite Audit serta Komite Nominasi dan monitoring, backed by Audit Committee as well as Nomination
Remunerasi, sementara Direksi bertanggung jawab atas and Remuneration Committee, while Board of Directors is
efektivitas operasional yang turut didukung oleh Audit Internal handling the operational effectiveness, supported by Internal
dan Sekretaris Perusahaan. [ESG-G.03] Audit and Corporate Secretary. [ESG-G.03]
Rapat Umum Pemegang Saham
General Meeting of Shareholders
Direksi Dewan Komisaris
Board of Directors Board of Commissioners
Komite Nominasi
Sekretaris Perusahaan Audit Internal Komite audit dan Remunerasi
Corporate Secretary Internal Audit Audit Committee Nomination and
Remuneration Committee
Untuk mendukung peningkatan kualitas penerapan GCG, In supporting the improvement of GCG implementation quality,
Perseroan telah menyusun sejumlah perangkat kebijakan, the Company has prepared a series of policy instruments,
meliputi: including:
1. Anggaran Dasar; 1. Articles of Association;
2. Pedoman Dewan Komisaris; 2. Board of Commissioners’ Guidelines;
3. Pedoman Direksi; 3. Board of Directors’ Guidelines;
4. Piagam Komite Audit; 4. Audit Committee Charter;
5. Piagam Audit Internal; 5. Internal Audit Charter;
6. Piagam Komite Nominasi dan Remunerasi; serta 6. Nomination and Remuneration Committee Charter; and
7. Kode Etik. 7. Code of Ethics.
224 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
Penerapan Pedoman Tata Kelola Perusahaan Terbuka
Implementation of Public Company Governance Guideline
Perseroan memastikan penerapan GCG sesuai dengan ketentuan The Company ensures its GCG implementation is in accordance
regulator, dengan menjadikan Panduan Tata Kelola Perusahaan with regulatory provisions, by referring to Corporate Governance
Terbuka berdasarkan Surat Edaran Otoritas Jasa Keuangan Guidelines for Public Companies based on the Financial
(SEOJK) No. 32/SEOJK.04/2015 sebagai acuan. Realisasi Services Authority Circular Letter No. 32/SEOJK.04/2015.
penerapannya pada tahun 2025 diuraikan pada bagian berikut. The realization of the guideline in 2025 is outlined as follows.
Aspek/Prinsip/Rekomendasi Uraian
No. Status
Aspect/Principle/Recommendation Description
Hubungan Perusahaan Terbuka dengan Pemegang Saham dalam Menjamin Hak-Hak Pemegang Saham
I.
Relationship between Public Company with Shareholders in Guaranteeing the Shareholders Rights
Meningkatkan Nilai Penyelenggaraan Rapat Umum Pemegang Saham (RUPS).
1.
To Improve the Value of General Meeting of Shareholders (GMS).
a. Perusahaan Terbuka memiliki cara atau prosedur teknis Terpenuhi Prosedur teknis pengambilan keputusan melalui mekanisme
pengumpulan suara (voting), baik secara terbuka voting dalam RUPS telah diatur dalam Anggaran Dasar dan
maupun tertutup, yang mengedepankan independensi Peraturan Perusahaan.
dan kepentingan Pemegang Saham.
Public Company has methods or technical procedures Comply Technical procedures of decision-making through voting in
for conducting open or closed voting that prioritize GMS, are stipulated in the Articles of Association and Company
the independence and interest of Shareholders. Regulations.
b. Seluruh anggota Dewan Komisaris dan anggota Direksi Penjelasan Pada tahun 2025, terdapat anggota Direksi yang tidak menghadiri
Perusahaan Terbuka hadir dalam RUPS Tahunan. RUPS Tahunan. Meskipun demikian, yang bersangkutan telah
memberikan kuasa melalui perwakilan yang hadir.
All members of the Board of Commissioners and Board of Explanation In 2025, a member of the Board of Directors was absent from
Directors of the Public Company attend the Annual GMS. the Annual GMS. However, the said member have provided
power of attorney via the attending proxies.
c. Ringkasan risalah RUPS tersedia dalam situs web Terpenuhi Ringkasan risalah RUPS tersedia di situs web Perseroan pada
Perusahaan Terbuka paling sedikit selama 1 tahun. bagian Berita >> Perusahaan.
Summary of Minutes of GMS is available on the Public Comply Minutes of GMS meeting is placed in the Company’s website
Company’s website for at least 1 year. under News >> Corporate section.
Meningkatkan Kualitas Komunikasi Perusahaan Terbuka dengan Pemegang Saham atau Investor.
2.
To Improve the Quality of Communication between the Public Company and the Shareholders or Investors.
a. Perusahaan Terbuka memiliki suatu kebijakan komunikasi Terpenuhi Perseroan memiliki basis komunikasi dengan Pemegang Saham
dengan Pemegang Saham atau investor. atau investor dalam Kode Etik dan Pedoman Tingkah Laku yang
dilaksanakan secara konsisten. Perseroan menerapkan kebijakan
tersebut dan menjamin terpenuhinya hak-hak Pemegang Saham
atau investor.
Public Company has a communication policy with Comply The Company has a communication basis with the Shareholders
Shareholders or investors. or Investors in the Code of Ethics and Code of Conduct, which is
consistently implemented. The Company implements the policy
and ensures the fulfillment of the rights of the Shareholders
or investors.
b. Perusahaan Terbuka mengungkapkan kebijakan komunikasi Terpenuhi Perseroan mengungkapkan kebijakan komunikasi dengan
Perusahaan Terbuka dengan Pemegang Saham atau investor Pemegang Saham dalam Laporan Tahunan yang dimuat dalam
dalam situs web. situs web Perseroan.
Public Company discloses its communication policy with Comply The Company discloses its communication policy to Shareholders
the Shareholders or investors on the website. in the Annual Report posted on the Company’s website.
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Tata Kelola Perusahaan
Corporate Governance
Aspek/Prinsip/Rekomendasi Uraian
No. Status
Aspect/Principle/Recommendation Description
Fungsi dan Peran Dewan Komisaris
II.
Functions and Roles of the Board of Commissioners
Memperkuat Keanggotaan dan Komposisi Dewan Komisaris.
3.
To Strengthen the Membership and Composition of the Board of Commissioners.
a. Penentuan jumlah anggota Dewan Komisaris Terpenuhi Jumlah anggota Dewan Komisaris ditetapkan dengan
mempertimbangkan kondisi Perusahaan Terbuka. mempertimbangkan kondisi terkini Perseroan.
Determination of the number of the Board of Commissioners Comply The number of the Board of Commissioners’ members is
members considers the condition of the Public Company. determined by considering the current condition of the Company.
b. Penentuan komposisi anggota Dewan Komisaris Terpenuhi Komposisi Dewan Komisaris Perseroan ditetapkan dengan
memperhatikan keberagaman keahlian, pengetahuan, memperhatikan keberagaman keahlian, pengetahuan, dan
dan pengalaman yang dibutuhkan. pengalaman yang relevan, serta disesuaikan dengan kebutuhan
dan bidang usaha Perseroan.
Determination of the composition of the Board of Comply Composition of the Company’s Board of Commissioners’ is
Commissioners members considers the diversity of established by considering the diversity of expertise, knowledge,
expertise, knowledge, and experience required. and relevant experiences, as well as align with Company’s needs
and business line.
Meningkatkan Kualitas Pelaksanaan Tugas dan Tanggung Jawab Dewan Komisaris.
4.
To Improve the Implementation Quality of the Board of Commissioners’ Duties and Responsibilities.
a. Dewan Komisaris mempunyai kebijakan penilaian sendiri Terpenuhi Penilaian kinerja Dewan Komisaris Perseroan dilaksanakan melalui
(self-assessment) untuk menilai kinerja Dewan Komisaris. mekanisme self-assessment dengan mengacu pada pencapaian
key performance indicators (KPI) yang telah ditetapkan.
The Board of Commissioners has a self-assessment policy Comply Performance assessment of the Company’s Board of
to assess the performance of the Board of Commissioners. Commissioners is carried out using self-assessment mechanism
based on the achievements of established key performance
indicator (KPI).
b. Kebijakan penilaian sendiri (self-assessment) untuk menilai Terpenuhi Pelaksanaan penilaian kinerja Dewan Komisaris Perseroan
kinerja Dewan Komisaris, diungkapkan melalui Laporan diungkapkan dalam Laporan Tahunan ini.
Tahunan Perusahaan Terbuka.
The self-assessment policy to assess the performance of Comply Implementation of performance assessment of the Company’s
the Board of Commissioners is disclosed in the Annual Board of Commissioners is disclosed in this Annual Report.
Report of the Public Company.
c. Dewan Komisaris mempunyai kebijakan terkait pengunduran Terpenuhi Perseroan memiliki Pedoman Dewan Komisaris dan Direksi
diri anggota Dewan Komisaris apabila terlibat dalam kejahatan (Board Manual) yang disusun selaras dengan Anggaran
keuangan. Dasar, peraturan perundang-undangan, serta ketentuan pasar
modal. Pedoman ini antara lain mengatur kebijakan mengenai
pengangkatan dan pemberhentian anggota Dewan Komisaris
maupun Direksi.
The Board of Commissioners has a policy regarding Comply The Company has a Board Manual for the Board of
the resignation of Board of Commissioners member if Commissioners and Board of Directors, prepared in line with
they are involved in financial crime. the Articles of Association, laws and regulations, and capital
market regulation. The Manual also include policies on
the appointment and dismissal of members of the Board of
Commissioners or Board of Directors.
d. Dewan Komisaris atau komite yang menjalankan fungsi Terpenuhi Komite Nominasi dan Remunerasi telah menyusun kebijakan
Nominasi dan Remunerasi menyusun kebijakan suksesi suksesi dalam proses nominasi anggota Direksi.
dalam proses nominasi anggota Direksi.
The Board of Commissioners, or the Committee that Comply The Nomination and Remuneration Committee has formulated
carries out the Nomination and Remuneration function, a succession policy in the nomination process for members of
formulates a succession policy in the nomination process the Board of Directors.
for members of the Board of Directors.
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Laporan Tahunan 2025
2025 Annual Report
Aspek/Prinsip/Rekomendasi Uraian
No. Status
Aspect/Principle/Recommendation Description
Fungsi dan Peran Direksi
III.
Functions and Roles of the Board of Directors
Memperkuat Keanggotaan dan Komposisi Direksi.
5.
To Strengthen the Membership and Composition of the Board of Directors.
a. Penentuan jumlah anggota Direksi mempertimbangkan Terpenuhi Jumlah anggota Direksi ditetapkan dengan mempertimbangkan
kondisi Perusahaan Terbuka, serta efektivitas dalam kondisi terkini Perseroan.
pengambilan keputusan.
Determination of the number of the Board of Directors Comply The number of the Board of Directors’ members is determined
members considers the condition of the Public Company by considering the current condition of the Company.
and the effectiveness in decision making.
b. Penentuan komposisi anggota Direksi memperhatikan, Terpenuhi Komposisi Direksi Perseroan ditetapkan dengan memperhatikan
keberagaman keahlian, pengetahuan, dan pengalaman keberagaman keahlian, pengetahuan, dan pengalaman yang
yang dibutuhkan. relevan, serta disesuaikan dengan kebutuhan dan bidang
usaha Perseroan.
Determination on the composition of the Board of Comply Composition of the Company’s Board of Directors’ is established
Directors members considers the diversity of expertise, by considering the diversity of expertise, knowledge, and
knowledge, and experience required. relevant experiences, as well as align with Company’s needs
and business line.
c. Anggota Direksi yang membawahi bidang akuntansi atau Terpenuhi Pihak yang ditunjuk sebagai Direktur Keuangan Perseroan
keuangan memiliki keahlian dan/atau pengetahuan di merupakan lulusan Sarjana Ekonomi jurusan Akuntansi serta
bidang akuntansi. memiliki banyak pengalaman di bidang akuntansi/keuangan
di berbagai perusahaan.
Board of Directors member responsible for accounting or Comply The party appointed as the Company’s Finance Director is
finance has accounting expertise and/or knowledge. a Bachelor of Economics majoring in accounting graduate with
a lot of experience in accounting/finance in various companies.
Meningkatkan Kualitas Pelaksanaan Tugas dan Tanggung Jawab Direksi.
6.
To Improve the Implementation Quality of the Board of Directors’ Duties and Responsibilities.
a. Direksi mempunyai kebijakan penilaian sendiri (self- Terpenuhi Penilaian kinerja Direksi Perseroan dilaksanakan melalui
assessment) untuk menilai kinerja Direksi. mekanisme self-assessment dengan mengacu pada pencapaian
key performance indicators (KPI) yang telah ditetapkan.
The Board of Directors has a self-assessment policy to Comply Performance assessment of the Company’s Board of Directors
assess the performance of the Board of Directors. is carried out using self-assessment mechanism based on
the achievements of established key performance indicator (KPI).
b. Kebijakan penilaian sendiri (self-assessment) untuk menilai Terpenuhi Pelaksanaan penilaian kinerja Direksi Perseroan diungkapkan
kinerja Direksi diungkapkan melalui Laporan Tahunan dalam Laporan Tahunan ini.
Perusahaan Terbuka.
The self-assessment policy to assess the performance of Comply Implementation of performance assessment of the Company’s
the Board of Directors is disclosed in the Annual Report of Board of Directors is disclosed in this Annual Report.
the Public Company.
c. Direksi mempunyai kebijakan terkait pengunduran diri Terpenuhi Perseroan memiliki Pedoman Dewan Komisaris dan Direksi
anggota Direksi apabila terlibat dalam kejahatan keuangan. (Board Manual) yang disusun selaras dengan Anggaran
Dasar, peraturan perundang-undangan, serta ketentuan pasar
modal. Pedoman ini antara lain mengatur kebijakan mengenai
pengangkatan dan pemberhentian anggota Dewan Komisaris
maupun Direksi.
The Board of Directors has a policy regarding the resignation Comply The Company has a Board Manual for the Board of
of Board of Directors member if they are involved in Commissioners and Board of Directors, prepared in line with
financial crime. the Articles of Association, laws and regulations, and capital
market regulation. The Manual also include policies on the
appointment and dismissal of members of the Board of
Commissioners or Board of Directors.
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Tata Kelola Perusahaan
Corporate Governance
Aspek/Prinsip/Rekomendasi Uraian
No. Status
Aspect/Principle/Recommendation Description
Partisipasi Pemangku Kepentingan
IV.
Stakeholders Participation
Meningkatkan Aspek Tata Kelola Perusahaan melalui Partisipasi Pemangku Kepentingan.
7.
To Improve the Corporate Governance Aspect through Stakeholders Participation.
a. Perusahaan Terbuka memiliki kebijakan untuk mencegah Terpenuhi Perseroan telah memiliki Kode Etik dan Pedoman Tingkah
terjadinya insider trading. Laku bagi seluruh insan Perseroan untuk mencegah terjadinya
insider trading.
Public Company has a policy to prevent insider trading. Comply The Company has Code of Ethics and Code of Conduct for
all personnel of the Company to prevent the occurrence of
insider trading.
b. Perusahaan Terbuka memiliki kebijakan anti-korupsi dan Terpenuhi Perseroan telah memiliki kebijakan anti-korupsi dan anti-fraud
anti-fraud. yang tercantum dalam Kode Etik dan Pedoman Tingkah Laku.
Public Company has anti-corruption and anti-fraud Comply The Company has anti-corruption and anti-fraud policies listed
policies. in the Code of Ethics and Code of Conduct.
c. Perusahaan Terbuka memiliki kebijakan tentang seleksi Terpenuhi Perseroan telah memiliki kebijakan terkait seleksi dan evaluasi
dan peningkatan kemampuan pemasok atau vendor. kemampuan pemasok atau vendor.
Public Company has a policy on the selection and capacity Comply The Company has a policy related to the selection and
building of suppliers or vendors. evaluation of the capabilities of suppliers or vendors.
d. Perusahaan Terbuka memiliki kebijakan tentang Terpenuhi Perseroan senantiasa memenuhi kebijakan dan perjanjian yang
pemenuhan hak-hak kreditur. disepakati dengan kreditur secara tepat waktu.
Public Company has a policy to meet the creditor’s rights. Comply The Company consistently meets the agreed policy and
agreement with the creditors in a timely manner.
e. Perusahaan Terbuka memiliki kebijakan sistem Terpenuhi Perseroan telah memiliki kebijakan mekanisme whistleblowing
whistleblowing. sebagai rangkaian dari kebijakan dan prosedur anti-fraud.
Public Company has a whistleblowing system policy. Comply The Company has a whistleblowing mechanism policy as part
of its anti-fraud policy and procedure.
f. Perusahaan Terbuka memiliki kebijakan pemberian insentif Terpenuhi Perseroan telah menerapkan imbalan kerja jangka panjang bagi
jangka panjang kepada Direksi dan karyawan. Direksi dan karyawan.
Public Company has a policy on the provision of long-term Comply The Company has implemented a long-term employee benefit
incentive to the Board of Directors and employees. for the Board of Directors and employees.
Keterbukaan Informasi
V.
Information Transparency
Meningkatkan Pelaksanaan Keterbukaan Informasi.
8.
To Improve the Implementation of Information Transparency.
a. Perusahaan Terbuka memanfaatkan penggunaan teknologi Terpenuhi Perseroan, melalui Entitas Anak, memanfaatkan berbagai media
informasi secara lebih luas selain situs web sebagai media sosial, seperti Facebook, X, dan Instagram, sebagai sarana
keterbukaan informasi. penyampaian informasi, termasuk mengenai produk dan jasa
yang ditawarkan.
Public Company utilizes information technology widely in Comply The Company, through its Subsidiaries, utilizes various social
addition to website as an information transparency medium. media such as Facebook, X, and Instagram to deliver information
regarding its products and services.
b. Laporan Tahunan Perusahaan Terbuka mengungkapkan Terpenuhi Laporan Tahunan ini telah memuat seluruh pemilik manfaat
pemilik manfaat akhir dalam kepemilikan saham Perusahaan akhir dalam kepemilikan saham Perseroan.
Terbuka paling sedikit 5%, selain pengungkapan pemilik
manfaat akhir dalam kepemilikan saham Perusahaan
Terbuka melalui Pemegang Saham Utama dan Pengendali.
The Public Company Annual Report discloses the ultimate Comply This Annual Report has listed all of the ultimate beneficial
beneficial owner in the Public Company share owners in the Company’s share ownership.
ownership of at least 5%, in addition to the disclosure of
the ultimate beneficial owner in the Public Company share
ownership through the Main and Controlling Shareholders.
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Laporan Tahunan 2025
2025 Annual Report
Rapat Umum Pemegang Saham
General Meeting of Shareholders
Rapat Umum Pemegang Saham (RUPS) merupakan forum The General Meeting of Shareholders (GMS) is the highest
pengambilan keputusan tertinggi dalam Perseroan, yang decision-making authority in the Company, with full authority
memiliki kewenangan penuh dan tidak dapat dialihkan kepada and irreplaceable by any other party. In the GMS, Shareholders
pihak lain. Dalam RUPS, Pemegang Saham dapat menyampaikan has the right to submit any opinion, as well as cast their votes
pendapat serta memberikan suara atas keputusan penting on important decisions related to the Company’s direction
yang menyangkut arah dan strategi Perseroan. Setiap and strategy. Every GMS resolution will be used as a basis for
keputusan RUPS menjadi dasar bagi Direksi dalam menjalankan the Board of Directors in running operations, under the supervision
operasional, dengan pengawasan dari Dewan Komisaris agar of the Board of Commissioners to ensure alignment with
sesuai dengan prinsip GCG. GCG principles.
Pelaksanaan RUPS Tahun 2025 Implementation of Annual GMS 2025
Pada 19 Juni 2025, Perseroan menyelenggarakan 1 kali RUPS On 19 June 2025, the Company held 1 Annual GMS and
Tahunan dan 2 kali RUPS Luar Biasa yang berlangsung di Sinar 2 Extraordinary GMS at Sinar Mas Land Plaza Tower II,
Mas Land Plaza Tower II, Lantai 39, Jl. MH Thamrin No. 51, 39th Floor, Jl. MH Thamrin No. 51, Central Jakarta.The Annual
Jakarta Pusat. RUPS tersebut dihadiri oleh jajaran pengurus and Extraordinary GMS were attended by the Company
Perseroan serta pihak independen sebagai berikut. Management and independent parties as listed below.
RUPS Tahunan dan RUPS Luar Biasa 19 Juni 2025 RUPS Luar Biasa 18 November 2025
Annual GMS and Extraordinary GMS 19 June 2025 Extraordinary GMS 18 November 2025
Dewan Komisaris / Board of Commissioners
Komisaris Utama Komisaris Utama
: Fuganto Wijaya*) : Fuganto Wijaya
President Commissioner President Commissioner
Komisaris Independen Komisaris Independen
: Robinson Simbolon : Robinson Simbolon
Independent Commissioner Independent Commissioner
Komisaris Independen Komisaris Independen
: Ketut Sanjaya : Ketut Sanjaya
Independent Commissioner Independent Commissioner
Direksi / Board of Directors
Direktur Utama Direktur Utama
: Burhanuddin Abdullah : Burhanuddin Abdullah
President Director President Director
Direktur Direktur
: Agus Leman Gunawan : Agus Leman Gunawan
Director Director
Direktur Direktur
: Felix : Felix
Director Director
Direktur Direktur
: Ir. Dumoly Freddy Pardede : Ir. Dumoly Freddy Pardede
Director Director
Direktur
: Ferita
Director
Direktur
: Tjong Huei Wey
Director
Undangan RUPS Luar Biasa 19 Juni 2025 / Undangan RUPS Luar Biasa 18 November 2025 /
Notice of Annual GMS and Extraordinary GMS 19 June 2025 Notice of Annual GMS and Extraordinary GMS 18 November 2025
Tjong Huei Wey Eric Buntoro dan / and Lynn Ramli
Pihak Independen / Independent Party
Notaris Notaris
: Aulia Taufani, SH : Aulia Taufani, SH
Notary Notary
Biro Administrasi Efek Biro Administrasi Efek
: PT Sinartama Gunita : PT Sinartama Gunita
Securities Administration Bureau Securities Administration Bureau
*) Hadir melalui Zoom Meeting. / Attend via Zoom Meeting.
PT Sinar Mas Multiartha Tbk - 229
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Tata Kelola Perusahaan
Corporate Governance
RUPS Tahunan 19 Juni 2025 Annual GMS 19 June 2025
RUPS Tahunan pada 19 Juni 2025 dihadiri oleh Pemegang The Annual GMS on 19 June 2025 was attended by Shareholders
Saham yang mewakili 4.261.524.848 saham atau 66,92% dari representing 4,261,524,848 shares or 66.92% of the total
total 6.367.664.717 saham yang telah ditempatkan dan disetor 6.367.664.717 issued and paid-up shares. The agenda and other
penuh. Agenda serta keputusan yang dibahas dalam rapat resolutions discussed in the meeting is outlined below.
tersebut diuraikan sebagai berikut.
Mata Acara 1
Agenda 1
Persetujuan Laporan Tahunan dan Laporan Keberlanjutan (Laporan Gabungan) Perseroan, termasuk Laporan Tugas Pengawasan Dewan
Komisaris serta pengesahan Laporan Keuangan Perseroan untuk tahun buku yang berakhir pada tanggal 31 Desember 2024 sekaligus
memberikan dan pembebasan tanggung jawab sepenuhnya (volledig acquit et de charge) kepada anggota Direksi dan Dewan Komisaris
Perseroan atas tindakan pengurusan dan pengawasan Perseroan yang telah dijalankan selama Tahun Buku 2024, sepanjang tercermin dari
Laporan Tahunan dan tercatat pada Laporan Keuangan Perseroan dan bukan merupakan tindak pidana atau pelanggaran terhadap ketentuan
peraturan perundang-undangan yang berlaku.
Approval of the Company’s Annual Report and Sustainability Report (Joint Report), including the Supervisory Report of the Board of
Commissioners, and validate the Company’s Financial Report for the financial year ending 31 December 2024, as well as to give a full release
of responsibility (volledig acquit et de charge) to members of the Board of Directors and Board of Commissioners of the Company on their
management and supervisory actions of the Company that have been conducted throughout the 2024 Financial Year, provided that such
actions are reflected in the Annual Report and recorded in the Financial Report of the Company and that such actions are not criminal act or
violations of the prevailing laws and regulations.
Keputusan Resolution
Menyetujui Laporan Tahunan Tahun 2024 Perseroan, termasuk Laporan Approved the Company’s 2024 Annual Report, including the Supervisory
Tugas Pengawasan Dewan Komisaris serta pengesahan Laporan Report of the Board of Commissioners and validated the Company’s
Keuangan Perseroan untuk tahun buku yang berakhir pada tanggal Financial Report for the financial year ending 31 December 2024, as well
31 Desember 2024 sekaligus memberikan dan pembebasan tanggung as to give a full release of responsibility (volledig acquit et de charge)
jawab sepenuhnya (volledig acquit et de charge) kepada anggota Direksi to members of the Board of Directors and Board of Commissioners of
dan Dewan Komisaris Perseroan atas tindakan pengurusan dan pengawasan the Company on their management and supervisory actions of
Perseroan yang telah dijalankan selama Tahun Buku 2024, sepanjang the Company that have been conducted throughout the 2024 Financial
tercermin dari Laporan Tahunan dan tercatat pada Laporan Keuangan Year, provided that such actions are reflected in the Annual Report and
Perseroan dan bukan merupakan tindak pidana atau pelanggaran recorded in the Financial Report of the Company and that such actions
terhadap ketentuan peraturan perundang-undangan yang berlaku. are not criminal act or violations of the prevailing laws and regulations.
Realisasi Realization
Telah direalisasikan sepenuhnya. Fully implemented.
Mata Acara 2
Agenda 2
Persetujuan penggunaan laba bersih Perseroan untuk tahun buku yang berakhir 31 Desember 2024.
Approval of the use of the Company’s net profit for the financial year ending 31 December 2024.
Keputusan Resolution
1. Tidak dibagikan dividen kepada para Pemegang Saham, dan laba yang 1. No dividend is distributed to the Shareholders, and the profit not
tidak dibagikan sebagai dividen tersebut dimasukkan ke dalam retained distributed as a dividend will be booked as retained earnings and used
earning (laba ditahan dan digunakan sebagai modal kerja Perseroan as the Company’s working capital and paid-in capital/investment to
dan setoran modal/investasi pada anak-anak perusahaan dan asosiasi, its Subsidiaries and associated companies, both in the new or existing
baik Entitas Anak baru maupun yang sudah ada. Subsidiaries.
2. Memberikan wewenang kepada Direksi Perseroan untuk mengatur, 2. Authorizing the Company’s Board of Directors to coordinate, perform,
melaksanakan, dan menjalankan tindakan-tindakan yang diperlukan and carry out the necessary course of actions with regards to the use
sehubungan dengan penggunaan saldo laba Perseroan tersebut di atas of the Company’s retained earnings in accordance with the prevailing
sesuai dengan ketentuan hukum dan peraturan yang berlaku. law and regulations.
Realisasi Realization
Telah direalisasikan sepenuhnya. Fully implemented.
230 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
Mata Acara 3
Agenda 3
Persetujuan atas remunerasi Dewan Komisaris dan Direksi Perseroan untuk periode Januari sampai dengan Desember 2025.
Approval of the remuneration of the Company’s Board of Commissioners and Board of Directors for the period of January to December 2025.
Keputusan Resolution
1. Menetapkan remunerasi Dewan Komisaris dan melimpahkan wewenang 1. Determine the remuneration of the Board of Commissioners and
kepada Komite Nominasi dan Remunerasi untuk menetapkan delegate the authority to the Nomination and Remuneration Committee
besarannya masing-masing di antara anggota Dewan Komisaris. to decide the amount for each member of the Board of Commissioners.
2. Menyetujui pemberian kuasa dan wewenang kepada Komite Nominasi 2. Approved the granting of power and authority to the Nomination and
dan Remunerasi untuk menentukan pembagian tugas dan wewenang Remuneration Committee to assign the Board of Directors’ duties and
kepada masing-masing Direksi dan untuk menentukan remunerasi bagi authorities and to decide the remuneration of the Company’s Board of
anggota Direksi Perseroan. Directors members.
Realisasi Realization
Telah direalisasikan sepenuhnya. Fully implemented.
Mata Acara 4
Agenda 4
Penunjukan kantor akuntan publik dan akuntan publik untuk melakukan audit Laporan Keuangan Perseroan untuk tahun buku 2025 dan
memberi wewenang kepada Direksi untuk menetapkan honorarium akuntan publik pada kantor akuntan publik tersebut serta persyaratan lain
penunjukannya serta persetujuan memberikan delegasi kepada Dewan Komisaris Perseroan untuk menunjuk kantor akuntan publik lain yang
terdaftar di Otoritas Jasa Keuangan (OJK) berdasarkan rekomendasi Komite Audit, apabila karena satu dan lain hal kantor akuntan publik di
atas tidak dapat melaksanakan tugasnya.
Appointment of a public accounting firm and a public accountant to audit the Company’s Financial Report for the 2025 financial year and to
authorize the Board of Directors to decide the honorarium for the public accountant at the said public accounting firm and other requirements
related to such appointment as well as approval to delegate the Company’s Board of Commissioners to appoint other public accounting firm
registered in the Financial Services Authority (OJK) based on Audit Committee recommendation, in case the first appointed public accounting
firm is unable to carry out its duties.
Keputusan Resolution
1. Menyetujui Penunjukan Kantor Akuntan Publik Mirawati Sensi Idris 1. Approved the appointment of Public Accounting Firm Mirawati Sensi
dan Akuntan Publik Denny Susanto untuk melakukan audit Laporan Idris and Public Accountant Denny Susanto to audit the Company’s
Keuangan Perseroan untuk tahun buku 2025 dan memberi wewenang Financial Report for the 2025 financial year and to authorize the Board
kepada Direksi untuk menetapkan honorarium akuntan publik pada of Directors to decide the honorarium for the public accountant at
kantor akuntan publik tersebut serta persyaratan lain penunjukannya. the said public accounting firm and other requirements for the appointment.
2. Memberikan wewenang dan kuasa kepada Dewan Komisaris untuk 2. Granted authority and power to the Board of Commissioners to appoint
menunjuk kantor akuntan publik dan akuntan publik pengganti maupun a replacement public accounting firm and public accountant or to
memberhentikan kantor akuntan publik dan akuntan publik yang telah dismiss the appointed public accounting firm and public accountant,
ditunjuk, bilamana karena sebab apa pun juga berdasarkan ketentuan if for any reason based on capital market regulations in Indonesia,
pasar modal di Indonesia, kantor akuntan publik dan akuntan publik yang the appointed public accounting firm and public accountant is unable
telah ditunjuk tersebut tidak dapat melakukan/menyelesaikan tugasnya. to carry out/complete the duty.
Realisasi Realization
Telah direalisasikan sepenuhnya. Fully implemented.
Mata Acara 5
Agenda 5
Laporan Realisasi Penggunaan Dana Hasil Penawaran Umum Obligasi Berkelanjutan III Sinar Mas Multiartha Tahap I dan Tahap II Tahun 2024.
Realization Report on Proceed Utilization from the Public Offering of Sinar Mas Multiartha Sustainable Bond III Phase I and Phase II Year 2024.
Keputusan Resolution
Menyetujui Laporan Realisasi Penggunaan Dana Hasil Penawaran Umum Approved the Realization Report on Proceed Utilization from the Public
Obligasi Berkelanjutan III Sinar Mas Multiartha Tahap I Tahun 2024 dan Offering of Sinar Mas Multiartha Sustainable Bond III Phase I Year 2024
Tahap II Tahun 2025. and Phase II Year 2025.
Realisasi Realization
Telah direalisasikan sepenuhnya. Fully implemented.
PT Sinar Mas Multiartha Tbk - 231
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Tata Kelola Perusahaan
Corporate Governance
RUPS Luar Biasa 19 Juni 2025 Extraordinary GMS 19 June 2025
RUPS Luar Biasa pada 19 Juni 2025 dihadiri oleh Pemegang The Extraordinary GMS on 19 June 2025 was attended by
Saham yang mewakili 4.551.809.808 saham atau 71,48% dari Shareholders representing 4,551,809,808 shares or 71.48% of
total 6.367.664.717 saham yang telah ditempatkan dan disetor the total 6,367,664,717 issued and paid-up shares. The agenda
penuh. Agenda serta keputusan yang dibahas dalam rapat and other resolutions discussed in the meeting is outlined below.
tersebut diuraikan sebagai berikut.
Mata Acara 1
Agenda 1
Persetujuan perubahan Pasal 3 Anggaran Dasar Perseroan tentang Maksud, Tujuan serta Kegiatan Usaha dan Pasal 15 Anggaran Dasar
Perseroan tentang Tugas, Tanggung jawab dan Wewenang Direksi.
Approval of amendment to Article 3 of the Company’s Article of Association regarding the Purpose, Objectives and Business Activities and
Article 15 of the Company’s Article of Association regarding the Duties, Responsibilities and Authorities of the Board of Directors.
Keputusan Resolution
Sehubungan sampai dengan rapat ini Manajemen Perseroan masih At the time this meeting is convened, Company’s Management is still
berkonsultasi dengan OJK terkait dengan pembentukan Penanggung consulting with OJK in relation to the establishment of the Person in
Jawab Integrasi Konglomerasi Keuangan (PIKK), maka untuk Mata Acara Charge of Financial Conglomerate Integration (PIKK), thus the First
Pertama Rapat mengenai Perubahan Anggaran Dasar Perseroan ini belum Agenda of the Meeting regarding the Amendment to the Company’s
dapat dibahas dan diambil keputusan. Articles of Association cannot yet be discussed nor resolved.
Realisasi Realization
Belum terealisasi. Not yet implemented.
Mata Acara 2
Agenda 2
Persetujuan Perubahan Data Perseroan tentang Perubahan Susunan Direksi dan Dewan Komisaris Perseroan.
Approval of Amendment to Company’s data regarding Changes in the Composition of the Board of Directors and Board of Commissioners of
the Company.
Keputusan Resolution
1. Sehubungan dengan pengunduran diri Ibu Lili Wijata selaku 1. In relation with the resignation of Mrs. Lili Wijata as the Company’s
Direktur Perseroan sesuai dengan Surat Pengunduran Diri tanggal Director in line with the Resignation Letter dated 19 February 2025,
19 Februari 2025 dengan ini kami mengucapkan terima kasih atas we wish her thank you for the services given to the Company, and
segala jasa-jasa yang telah diberikan selama ini kepada Perseroan, further to give full release and settlement (volledig acquit et de charge)
selanjutnya memberikan pembebasan dan pelunasan sepenuhnya for the management and supervisory actions in accordance with her
(volledig acquit et de charge) atas tindakan pengurusan sesuai dengan position, provided that such actions are reflected in the Company’s
jabatannya yang dilakukan selama ini, sepanjang tindakan-tindakan books.
tersebut tercermin dalam buku-buku Perseroan.
2. Menyetujui pengangkatan Ibu Tjong Huei Wey selaku Direktur 2. Approved the appointment of Mrs. Tjong Huei Wey as the new
Perseroan yang baru menggantikan Ibu Lily Wijata tersebut. Company Director to replace Mrs. Lily Wijata.
Sehingga untuk selanjutnya terhitung sejak ditutupnya rapat ini susunan Thus since the closing of this meeting, the composition of the Company’s
Direksi dan Dewan Komisaris Perseroan menjadi sebagai berikut. Board of Directors and Board of Commissioners is as follows.
Dewan Komisaris Board of Commissioners
Komisaris Utama : Fuganto Widjaja President Commissioner : Fuganto Wijaya
Komisaris Independen : Robinson Simbolon Independent Commissioner : Robinson Simbolon
Komisaris Independen : Ketut Sanjaya Independent Commissioner : Ketut Sanjaya
Direksi Board of Directors
Direktur Utama : Burhanuddin Abdullah President Director : Burhanuddin Abdullah
Direktur : Agus Leman Gunawan Director : Agus Leman Gunawan
Direktur : Felix Director : Felix
Direktur : Ferita Director : Ferita
Direktur : Ir. Dumoly Freddy Pardede Director : Ir. Dumoly Freddy Pardede
Direktur : Tjong Huei Wey Director : Tjong Huei Wey
Realisasi Realization
Telah direalisasikan sepenuhnya. Fully implemented.
232 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
RUPS Luar Biasa 18 November 2025 Extraordinary GMS 18 November 2025
RUPS Luar Biasa pada 18 November 2025 dihadiri oleh The Extraordinary GMS held on 18 November 2025 was
Pemegang Saham yang mewakili 4.115.867.435 saham atau attended by Shareholders representing 4,115,867,435 shares
64,64% dari total 6.367.664.717 saham yang telah ditempatkan or 64.64% of the total 6,367,664,717 shares that have been
dan disetor penuh. Agenda serta keputusan yang dibahas issued and fully paid. The agenda and resolutions discussed in
dalam rapat tersebut diuraikan sebagai berikut. the meeting are described as follows.
Mata Acara 1
Agenda 1
Persetujuan Perubahan Data Perseroan tentang Perubahan Susunan Direksi dan Dewan Komisaris Perseroan.
Approval of Changes to the Company Data regarding Changes in the Composition of the Board of Directors and the Board of Commissioners
of the Company.
Keputusan Resolution
1. Menyetujui pengangkatan Bapak Eric Buntoro (di dalam Kartu Tanda 1. Approving the appointment of Mr. Eric Buntoro (as stated in the Identity
Penduduk tertulis Bapak Eric Febrianto Buntoro) selaku Wakil Direktur Card as Mr. Eric Febrianto Buntoro) as Vice President Director of
Utama Perseroan. the Company.
2. Menyetujui pengunduran diri Ibu Ferita selaku Direktur Perseroan 2. Approving the resignation of Mrs. Ferita as Director of the Company
dengan mengucapkan terima kasih atas segala jasa-jasa yang telah while expressing gratitude for all services rendered to the Company,
diberikan selama ini kepada Perseroan, selanjutnya memberikan and granting full release and discharge (volledig acquit et de charge)
pembebasan dan pelunasan sepenuhnya (volledig acquit et de charge) for the management actions carried out during her tenure, insofar as
atas tindakan pengurusan sesuai dengan jabatannya yang dilakukan such actions are reflected in the books of the Company.
selama ini, sepanjang tindakan-tindakan tersebut tercermin dalam
buku-buku Perseroan.
3. Menyetujui pengangkatan Ibu Lynn Ramli selaku Direktur Perseroan 3. Approving the appointment of Mrs. Lynn Ramli as the new Director of
yang baru, menggantikan Ibu Ferita tersebut. the Company, replacing Mrs. Ferita.
Sehingga untuk selanjutnya terhitung sejak ditutupnya Rapat ini Thus, as of the closing of this Meeting, the composition of the Board of
susunan Direksi dan Dewan Komisaris Perseroan menjadi sebagai Directors and the Board of Commissioners of the Company becomes
berikut. as follows.
Dewan Komisaris Board of Commissioners
Komisaris Utama : Fuganto Widjaja President Commissioner : Fuganto Wijaya
Komisaris Independen : Robinson Simbolon Independent Commissioner : Robinson Simbolon
Komisaris Independen : Ketut Sanjaya Independent Commissioner : Ketut Sanjaya
Direksi Board of Directors
Direktur Utama : Burhanuddin Abdullah President Director : Burhanuddin Abdullah
Wakil Direktur Utama : Eric Buntoro Vice President Director : Eric Buntoro
Direktur : Agus Leman Gunawan Director : Agus Leman Gunawan
Direktur : Felix Director : Felix
Direktur : Ir. Dumoly Freddy Pardede Director : Ir. Dumoly Freddy Pardede
Direktur : Tjong Huei Wey Director : Tjong Huei Wey
Direktur : Lynn Ramli Director : Lynn Ramli
4. Menyetujui memberikan kuasa dan wewenang kepada Direksi Perseroan Approving to grant power and authority to the Board of Directors of
baik sendiri-sendiri maupun bersama-sama dengan hak substitusi, untuk the Company, either individually or jointly with the right of substitution,
melaksanakan keputusan-keputusan dalam Rapat, termasuk tetapi tidak to implement the resolutions in the Meeting, including but not limited
terbatas pada menyatakan kembali keputusan tersebut dalam akta notaris, to restating such resolutions in a notarial deed, preparing or requesting
membuat atau meminta dibuatkan segala akta-akta, surat-surat maupun the preparation of all deeds, letters and documents required,
dokumen-dokumen yang diperlukan, hadir di hadapan pihak/pejabat appearing before the competent parties/officials to notify the relevant
yang berwenang untuk memberitahukan hal tersebut kepada instansi government institutions, including but not limited to the Minister of
pemerintah terkait, termasuk tetapi tidak terbatas pada Menteri Hukum Law of the Republic of Indonesia, as well as conducting registration
Republik Indonesia, serta melakukan pendaftaran maupun pengumuman and announcements pursuant to the prevailing laws and regulations,
berdasarkan peraturan perundang-undangan yang berlaku, satu dan lain without any exception.
hal tanpa ada yang dikecualikan.
Realisasi Realization
Telah direalisasikan sepenuhnya. Fully implemented.
PT Sinar Mas Multiartha Tbk - 233
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Tata Kelola Perusahaan
Corporate Governance
Ringkasan Keputusan dan Pelaksanaan Keputusan RUPS Sepanjang Tahun Buku 2024
Summary of Resolutions and Implementation of GMS Resolutions Throughout 2024
Financial Year
RUPS Tahunan 16 Mei 2024
Annual GMS 16 May 2024
Mata Acara 1
Agenda 1
Persetujuan Laporan Tahunan dan Laporan Keberlanjutan (Laporan Gabungan) Perseroan, termasuk Laporan Tugas Pengawasan Dewan
Komisaris serta pengesahan Laporan Keuangan Perseroan untuk tahun buku yang berakhir pada tanggal 31 Desember 2023, sekaligus
memberikan dan pembebasan tanggung jawab sepenuhnya (volledig acquit et de charge) kepada anggota Direksi dan Dewan Komisaris
Perseroan atas tindakan pengawasan dan pengurusan Perseroan yang telah dijalankan selama tahun buku 2023, sepanjang tercermin dari
Laporan Tahunan dan tercatat pada Laporan Keuangan Perseroan dan bukan merupakan tindak pidana atau pelanggaran terhadap ketentuan
peraturan perundang-undangan yang berlaku.
Approval of the Company’s Annual Report and Sustainability Report (Joint Report), including the Supervisory Report of the Board of
Commissioners, and validate the Company’s Financial Report for the financial year ending 31 December 2023, as well as to give a full release
of responsibility (volledig acquit et de charge) to members of the Board of Directors and Board of Commissioners of the Company on their
supervisory and management actions of the Company that have been conducted throughout the 2023 financial year, provided that such
actions are reflected in the Annual Report and recorded in the Financial Report of the Company and that such actions are not criminal act or
violations of the prevailing laws and regulations.
Keputusan Resolution
Menyetujui Laporan Tahunan Tahun 2023 Perseroan, termasuk Laporan Approved the Company’s 2023 Annual Report, including the Supervisory
Tugas Pengawasan Dewan Komisaris serta pengesahan Laporan Keuangan Report of the Board of Commissioners and validated the Company’s
Perseroan untuk tahun buku yang berakhir pada tanggal 31 Desember 2023, Financial Report for the financial year ending 31 December 2023, as well
sekaligus memberikan dan pembebasan tanggung jawab sepenuhnya as to give a full release of responsibility (volledig acquit et de charge)
(volledig acquit et de charge) kepada anggota Direksi dan Dewan Komisaris to members of the Board of Directors and Board of Commissioners of
Perseroan atas tindakan pengurusan dan pengawasan Perseroan yang the Company on their supervisory and management actions of the Company
telah dijalankan selama tahun buku 2023, sepanjang tercermin dari that have been conducted throughout the 2023 financial year, provided
Laporan Tahunan dan tercatat pada Laporan Keuangan Perseroan dan that such actions are reflected in the Annual Report and recorded in
bukan merupakan tindak pidana atau pelanggaran terhadap ketentuan the Financial Report of the Company and that such actions are not criminal
peraturan perundang-undangan yang berlaku. act or violations of the prevailing laws and regulations.
Realisasi Realization
Telah direalisasikan sepenuhnya. Fully implemented.
Mata Acara 2
Agenda 2
Persetujuan penggunaan laba bersih Perseroan untuk tahun buku yang berakhir 31 Desember 2023.
Approval of the use of the Company’s net profit for the financial year ending 31 December 2023.
Keputusan Resolution
1. Tidak dibagikan dividen kepada para Pemegang Saham, dan laba 1. No dividend is distributed to the Shareholders, and the profit not
yang tidak dibagikan sebagai dividen tersebut dimasukkan ke dalam distributed as a dividend will be booked as retained earnings and used
retained earning (laba ditahan) dan digunakan sebagai modal kerja as the Company’s working capital and paid-in capital/investment to its
Perseroan dan setoran modal/investasi pada Entitas Anak dan asosiasi, Subsidiaries and associated companies, both in the new or existing
baik Entitas Anak baru maupun yang sudah ada. Subsidiaries.
2. Memberikan wewenang kepada Direksi Perseroan untuk mengatur, 2. Authorizing the Company’s Board of Directors to coordinate, perform,
melaksanakan, dan menjalankan tindakan-tindakan yang diperlukan and carry out the necessary course of actions with regards to the use
sehubungan dengan penggunaan saldo laba Perseroan tersebut di atas of the Company’s retained earnings in accordance with the prevailing
sesuai dengan ketentuan hukum dan peraturan yang berlaku. law and regulations.
Realisasi Realization
Telah direalisasikan sepenuhnya. Fully implemented.
234 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
Mata Acara 3
Agenda 3
Persetujuan atas remunerasi Dewan Komisaris dan Direksi Perseroan untuk periode Januari sampai dengan Desember 2024.
Approval of the remuneration of the Company’s Board of Commissioners and Board of Directors for the period of January to December 2024.
Keputusan Resolution
1. Menetapkan remunerasi Dewan Komisaris dan melimpahkan wewenang 1. Determine the remuneration of the Board of Commissioners and
kepada Komite Nominasi dan Remunerasi untuk menetapkan delegate the authority to the Nomination and Remuneration Committee
besarannya masing-masing di antara anggota Dewan Komisaris. to decide the amount for each member of the Board of Commissioners.
2. Menyetujui pemberian kuasa dan wewenang kepada Komite Nominasi 2. Approved the granting of power and authority to the Company’s
dan Remunerasi untuk menentukan pembagian tugas dan wewenang Nomination and Remuneration Committee to assign the Board of
kepada masing-masing Direksi dan untuk menentukan remunerasi bagi Directors’ duties and authorities and to decide the remuneration of
anggota Direksi Perseroan. the Company’s Board of Directors members.
Realisasi Realization
Telah direalisasikan sepenuhnya. Fully implemented.
Mata Acara 4
Agenda 4
Penunjukan akuntan publik pada Kantor Akuntan Publik Mirawati Sensi Idris untuk melakukan audit Laporan Keuangan Perseroan untuk tahun
buku 2024 dan memberi wewenang kepada Direksi untuk menetapkan honorarium akuntan publik pada kantor akuntan publik tersebut serta
persyaratan lain penunjukannya serta persetujuan memberikan delegasi kepada Dewan Komisaris Perseroan untuk menunjuk kantor akuntan
publik lain yang terdaftar di OJK berdasarkan rekomendasi Komite Audit, apabila karena satu dan lain hal kantor akuntan publik di atas tidak
dapat melaksanakan tugasnya.
Appointment of a public accountant at Public Accounting Firm Mirawati Sensi Idris to audit the Company’s Financial Report for the 2024
financial year and to authorize the Board of Directors to decide the honorarium for the public accountant at the said public accounting firm
and other requirements related to such appointment as well as approval to delegate the Company’s Board of Commissioners to appoint other
public accounting firm registered in the OJK based on the Audit Committee recommendation, in case the first appointed public accounting
firm is unable to carry out its duties.
Keputusan Resolution
1. Menyetujui penunjukan akuntan publik pada Kantor Akuntan Publik 1. Approved the appointment of a public accountant at Public Accounting
Mirawati Sensi Idris untuk melakukan audit Laporan Keuangan Perseroan Firm Mirawati Sensi Idris to audit the Company’s Financial Report for
untuk tahun buku 2024 dan memberi wewenang kepada Direksi untuk the 2024 financial year and to authorize the Board of Directors to decide
menetapkan honorarium akuntan publik pada kantor akuntan publik the honorarium for the public accountant at the said public accounting
tersebut serta persyaratan lain penunjukannya serta persetujuan firm and other requirements for the appointment as well as approval to
memberikan delegasi kepada Dewan Komisaris Perseroan untuk menunjuk delegate the Company’s Board of Commissioners to appoint other public
kantor akuntan publik lain yang terdaftar di Otoritas Jasa Keuangan accounting firm registered in the Financial Services Authority based
berdasarkan rekomendasi Komite Audit, apabila karena satu dan lain hal on the Audit Committee recommendation, in case the first appointed
kantor akuntan publik di atas tidak dapat melaksanakan tugasnya. public accounting firm is unable to carry out its duties.
2. Memberikan wewenang dan kuasa kepada Dewan Komisaris untuk 2. Granted the authority and power to the Board of Commissioners to
menunjuk akuntan publik pengganti maupun memberhentikan akuntan appoint a replacement public accountant or dismiss the appointed
publik yang telah ditunjuk, bilamana karena sebab apa pun juga berdasarkan public accountant, if for any reason whatsoever based on capital
ketentuan pasar modal di Indonesia, akuntan publik yang telah ditunjuk market provisions in Indonesia, the appointed public accountant is
tersebut tidak dapat melakukan/menyelesaikan tugasnya. unable to carry out/complete the duties.
Realisasi Realization
Telah direalisasikan sepenuhnya. Fully implemented.
Mata Acara 5
Agenda 5
Laporan Realisasi Penggunaan Dana Hasil Penawaran Umum Obligasi Berkelanjutan III Sinar Mas Multiartha Tahap I Tahun 2024.
Realization Report on the Proceed Utilization from the Public Offering of Sinar Mas Multiartha Sustainable Bond III Phase I Year 2024.
Keputusan Resolution
Menyetujui Laporan Realisasi Penggunaan Dana Hasil Penawaran Umum Approved the Realization Report on the Proceed Utilization from the Public
Obligasi Berkelanjutan III Sinar Mas Multiartha Tahap I Tahun 2024. Offering of Sinar Mas Multiartha Sustainable Bond III Phase I Year 2024.
Realisasi Realization
Telah direalisasikan sepenuhnya. Fully implemented.
PT Sinar Mas Multiartha Tbk - 235
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Tata Kelola Perusahaan
Corporate Governance
RUPS Luar Biasa 16 Mei 2024
Extraordinary GMS 16 May 2024
Mata Acara
Agenda
Persetujuan perubahan susunan dan pengangkatan kembali Direksi dan Dewan Komisaris Perseroan.
Approval of changes in the composition and reappointment of the Board of Directors and the Board of Commissioners of the Company.
Keputusan Resolution
1. Menyetujui pengunduran diri Bapak Howen Widjaja selaku Komisaris 1. Approved the resignation of Mr. Howen Widjaja as the Company’s
Perseroan dengan mengucapkan terima kasih atas segala jasa-jasa Commissioner by wishing him thank you for the services given
yang telah diberikan selama ini kepada Perseroan, selanjutnya to the Company, and further to give full release and settlement
memberikan pembebasan dan pelunasan sepenuhnya (volledig acquit (volledig acquit et de charge) for the supervisory actions in accordance
et de charge) atas tindakan pengawasan sesuai dengan jabatannya with his position, provided that such actions are reflected in
yang dilakukan selama ini, sepanjang tindakan-tindakan tersebut the Company’s books.
tercermin dalam buku-buku Perseroan.
2. Menyetujui memberhentikan dengan hormat seluruh Direksi dan Dewan 2. Approved the honorably dismissal of all the Company’s Board of
Komisaris Perseroan terhitung sejak ditutupnya rapat dan demikian Directors and Board of Commissioners, effective since the closing
dengan mengucapkan terima kasih atas segala jasa-jasa yang telah of the meeting and wishing them thank you for the services given to
diberikan selama ini kepada Perseroan, selanjutnya memberikan the Company, and further to give full release and settlement (volledig
pembebasan dan pelunasan sepenuhnya (volledig acquit et de charge) acquit et de charge) for their supervisory and management actions
atas tindakan pengawasan dan pengurusan sesuai dengan jabatannya in accordance with their positions, provided that such actions are
yang dilakukan selama ini, sepanjang tindakan-tindakan tersebut reflected in the Company’s books.
tercermin dalam buku-buku Perseroan.
3. Menyetujui mengangkat kembali Direksi dan Dewan Komisaris 3. Approved to reappoint the Company’s Board of Directors and Board of
Perseroan untuk masa jabatan berikutnya sesuai dengan masa jabatan Commissioners for the subsequent term of office in accordance with
Direksi dan Dewan Komisaris yang dimuat dalam Anggaran Dasar the term of office of the Board of Directors and Board of Commissioners
Perseroan, sehingga untuk selanjutnya terhitung sejak ditutupnya Rapat stipulated in the Company’s Articles of Association, thus since
hingga penutupan RUPS Tahunan tahun ketiga setelah rapat yaitu pada the closing of the Meeting until the closing of the Annual GMS in
tahun 2027 susunan Direksi dan Dewan Komisaris Perseroan menjadi the third year following the meeting, in 2027, the composition of
sebagai berikut. the Company’s Board of Directors and Board of Commissioners is
as follows.
Dewan Komisaris Board of Commissioners
Komisaris Utama : Fuganto Widjaja President Commissioner : Fuganto Widjaja
Komisaris : Dani Lihardja Commissioner : Dani Lihardja
Komisaris Independen : Robinson Simbolon Independent Commissioner : Robinson Simbolon
Komisaris Independen : Ketut Sanjaya Independent Commissioner : Ketut Sanjaya
Direksi Board of Directors
Direktur Utama : Burhanuddin Abdullah President Director : Burhanuddin Abdullah
Direktur : Agus Leman Gunawan Director : Agus Leman Gunawan
Direktur : Felix Director : Felix
Direktur : Ferita Director : Ferita
Direktur : Lili Wijata Director : Lili Wijata
Menyetujui memberikan kuasa dan wewenang kepada Direksi Approved the granting of power and authority to the Company’s Board
Perseroan, baik sendiri maupun bersama-sama dengan hak substitusi, of Directors, both individually or collectively with substitution right, to
untuk melaksanakan keputusan-keputusan dalam rapat, termasuk execute any meeting resolutions, including but not limited to restating
tetapi tidak terbatas pada menyatakan kembali keputusan tersebut the resolutions in a notarial deed, to make or order any necessary
dalam akta notaris, membuat atau meminta dibuatkan segala deeds, letters, or documents to be made, to be present before
akta-akta, surat-surat maupun dokumen-dokumen yang diperlukan, the authorized officials to inform such matters to the related government
hadir di hadapan pihak pejabat yang berwenang untuk memberitahukan institutions, including but not limited to the Minister of Law and Human
hal tersebut kepada instansi pemerintah terkait, termasuk tetapi Rights of the Republic of Indonesia, as well as to do registration or
tidak terbatas pada Menteri Hukum dan Hak Asasi Manusia Republik an announcement based on the prevailing laws and regulation, one or
Indonesia, serta melakukan pendaftaran maupun pengumuman the other without any exception.
berdasarkan peraturan perundang-undangan yang berlaku, satu dan
lain hal tanpa ada yang dikecualikan.
Realisasi Realization
Telah direalisasikan sepenuhnya. Fully implemented.
236 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
RUPS Luar Biasa 28 Oktober 2024
Extraordinary GMS 28 October 2024
Mata Acara
Agenda
Persetujuan perubahan data Perseroan tentang perubahan susunan Direksi dan Dewan Komisaris Perseroan.
Approval of amendments to the Company’s data regarding changes in the composition of the Board of Directors and the Board of Commissioners
of the Company.
Keputusan Resolution
1. Menyetujui pengunduran diri Bapak Dani Lihardja selaku Komisaris 1. Approved the resignation of Mr. Dani Lihardja as the Company’s
Perseroan dengan mengucapkan terima kasih atas segala jasa- Commissioner by wishing him thank you for the services given to
jasa yang telah diberikan selama ini kepada Perseroan, selanjutnya the Company, and further to give full release and settlement (volledig
memberikan pembebasan dan pelunasan sepenuhnya (volledig acquit acquit et de charge) for the supervisory actions in accordance with
et de charge) atas tindakan pengawasan sesuai dengan jabatannya his position, provided that such actions are reflected in the Company’s
yang dilakukan selama ini, sepanjang tindakan-tindakan tersebut books.
tercermin dalam buku-buku Perseroan.
2. Menyetujui mengangkat Bapak Ir. Dumoly Freddy Pardede selaku 2. Approved to appoint Mr. Ir. Dumoly Freddy Pardede as the new
Direktur Perseroan yang baru. Company’s Director.
Sehingga untuk selanjutnya, terhitung sejak ditutupnya rapat ini, susunan Thus since the closing of this meeting, the composition of the Company’s
Direksi dan Dewan Komisaris Perseroan menjadi sebagai berikut. Board of Directors and Board of Commissioners is as follows.
Dewan Komisaris Board of Commissioners
Komisaris Utama : Fuganto Widjaja President Commissioner : Fuganto Widjaja
Komisaris Independen : Robinson Simbolon Independent Commissioner : Robinson Simbolon
Komisaris Independen : Ketut Sanjaya Independent Commissioner : Ketut Sanjaya
Direksi Board of Directors
Direktur Utama : Burhanuddin Abdullah President Director : Burhanuddin Abdullah
Direktur : Agus Leman Gunawan Director : Agus Leman Gunawan
Direktur : Felix Director : Felix
Direktur : Ferita Director : Ferita
Direktur : Lili Wijata Director : Lili Wijata
Direktur : Ir. Dumoly Freddy Pardede Director : Ir. Dumoly Freddy Pardede
3. Menyetujui memberikan kuasa dan wewenang kepada Direksi 3. Approved the granting of power and authority to the Company’s Board
Perseroan, baik sendiri maupun bersama-sama dengan hak substitusi, of Directors, both individually or collectively with substitution right, to
untuk melaksanakan keputusan-keputusan dalam rapat, termasuk execute any meeting resolutions, including but not limited to restating
tetapi tidak terbatas pada menyatakan kembali keputusan tersebut the resolutions in a notarial deed, to make or order any necessary
dalam akta notaris, membuat atau meminta dibuatkan segala akta- deeds, letters, or documents to be made, to be present before
akta, surat-surat maupun dokumen-dokumen yang diperlukan, hadir the authorized officials to inform such matters to the related government
di hadapan pihak pejabat yang berwenang untuk memberitahukan institutions, including but not limited to the Minister of Law and Human
hal tersebut kepada instansi pemerintah terkait, termasuk tetapi Rights of the Republic of Indonesia, as well as to do registration or
tidak terbatas pada Menteri Hukum dan Hak Asasi Manusia Republik an announcement based on the prevailing laws and regulation, one or
Indonesia, serta melakukan pendaftaran maupun pengumuman the other without any exception.
berdasarkan peraturan perundang-undangan yang berlaku, satu dan
lain hal tanpa ada yang dikecualikan.
Realisasi Realization
Telah direalisasikan sepenuhnya. Fully implemented.
PT Sinar Mas Multiartha Tbk - 237
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Tata Kelola Perusahaan
Corporate Governance
Dewan Komisaris
Board of Commissioners
Dewan Komisaris memiliki peran penting dalam mengawasi The Board of Commissioners plays an important role in
jalannya operasional Perseroan serta memastikan kepatuhan supervising the course of the Company’s operations, as well
terhadap Anggaran Dasar, peraturan perundang-undangan, dan as ensuring compliance with the Articles of Association, laws
prinsip GCG. Selain fungsi pengawasan, Dewan Komisaris juga and regulations, and GCG principles. In addition, the Board of
memberikan arahan strategis kepada Direksi untuk mendukung Commissioners also provide strategic directives to Board of
pencapaian tujuan Perseroan. Directors to support achievement of Company’s objectives.
Pedoman Kerja Guidelines
Komitmen Perseroan terhadap penerapan tata kelola tercermin The Company’s commitment to governance is reflected in
melalui penyusunan Pedoman Kerja Dewan Komisaris (Board the preparation of Guidelines (Board Manual) of the Board of
Manual). Dokumen ini memuat ketentuan mengenai tugas, Commissioners. This document contains provisions regarding
tanggung jawab, dan hubungan Dewan Komisaris dengan the duties, responsibilities, and relationship of the Board of
organ Perseroan lainnya, yang disusun berdasarkan prinsip Commissioners and other Company organs, prepared based
hukum korporasi, Anggaran Dasar, arahan Pemegang Saham, on the principles of corporate law, Articles of Association,
dan praktik terbaik GCG. Shareholders’ directives, and GCG best practices.
Tugas dan Tanggung Jawab Duties and Responsibilities
Tugas dan tanggung jawab Dewan Komisaris Perseroan The duties and responsibilities of the Company’s Board of
meliputi: Commissioners include:
1. Melakukan pengawasan terhadap pengelolaan Perseroan 1. To monitor the Company’s management conducted by
yang dilakukan oleh Direksi, serta memberi arahan kepada the Board of Directors and provide directions to the Board
Direksi; of Directors;
2. Mengawasi kinerja dan kepatuhan Direksi terhadap 2. To monitor the Board of Directors’ performance and
peraturan dan perundang-undangan yang berlaku sesuai compliance with the prevailing laws and regulations
prinsip GCG; serta according to GCG principles; and
3. Melakukan evaluasi dan audit terhadap pelaksanaan 3. To evaluate and audit strategic policy implementation.
kebijakan strategis.
Dewan Komisaris turut berperan dalam penerapan tata kelola The Board of Commissioners is involved in sustainability
keberlanjutan dengan mengawasi manajemen risiko ekonomi, governance implementation, by constantly monitoring
sosial, dan lingkungan yang menjadi pertimbangan dalam setiap the management of economic, social, and environmental risks
keputusan strategis maupun operasional. in every strategic and operational decision-making.
Komposisi dan Independensi [ESG-G.01] Composition and Independence [ESG-G.01]
Komposisi Composition
Komposisi Dewan Komisaris Perseroan pada tahun 2025 The composition of the Company’s Board of Commissioners in
disajikan dalam tabel berikut. 2025 is presented in the below table.
Nama Jabatan Pertama Kali Menjabat
Name Position Starting Year
Komisaris Utama 2013 (sebagai Komisaris / as Commissioner)
Fuganto Widjaja
President Commissioner 2023 (sebagai Komisaris Utama / as President Commissioner)
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Laporan Tahunan 2025
2025 Annual Report
Nama Jabatan Pertama Kali Menjabat
Name Position Starting Year
Komisaris Independen
Robinson Simbolon 2014
Independent Commissioner
Komisaris Independen
Ketut Sanjaya 2022
Independent Commissioner
Independensi Independence
Dewan Komisaris menjalankan pengawasan secara independen The Board of Commissioners performs independent supervision
dengan memastikan seluruh tindakannya tidak dipengaruhi by ensuring that all of its actions are not influenced by any
oleh kepentingan pihak tertentu, melainkan berorientasi pada particular interest, but oriented toward Company’s sustainability.
keberlanjutan Perseroan.
Komisaris Independen Independent Commissioner
Komitmen Perseroan terhadap penerapan GCG tercermin dari The Company’s commitment toward GCG implementation is
keberadaan Komisaris Independen yang melebihi persyaratan reflected with the existence of Independent Commissioners
minimum regulasi. Hingga akhir 2025, dari total 3 anggota beyond the minimum regulatory requirements. By end of 2025,
Dewan Komisaris, sebanyak 2 orang atau 66,67% merupakan of the total of 3 Board of Commissioners members, 2 or 66.67%
Komisaris Independen, jauh di atas ketentuan minimum 30% are Independent Commissioners, beyond the minimum 30%
sebagaimana diatur dalam Peraturan Otoritas Jasa Keuangan requirement as stipulated in the Financial Services Authority
(POJK) No. 33/POJK.04/2014. Regulation (POJK) No. 33/POJK.04/2014.
Aspek Independensi Robinson Ketut
Independence Aspect Simbolon Sanjaya
Bukan merupakan orang yang bekerja atau mempunyai wewenang dan tanggung jawab untuk
merencanakan, memimpin, mengendalikan, atau mengawasi kegiatan Perseroan dalam waktu 6 bulan
terakhir, kecuali untuk pengangkatan kembali sebagai Komisaris Independen 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 months, except for re-appointment as Independent Commissioner
in the next period.
Tidak mempunyai saham, baik langsung maupun tidak langsung pada Perseroan.
Not possessing any shares in the Company, either directly or indirectly.
Tidak mempunyai hubungan afiliasi dengan Perseroan, baik anggota Dewan Komisaris, anggota Direksi,
Pemegang Saham Utama/Saham Mayoritas, atau Pemegang Saham Pengendali Perseroan.
Not having affiliation relationship with the Company, either with members of the Board of Commissioners,
members of the Board of Directors, Main/Majority Shareholders, or Controlling Shareholders of
the Company.
Tidak mempunyai hubungan usaha, baik langsung maupun tidak langsung, yang berkaitan dengan
kegiatan usaha Perseroan.
Not having a business relationship, directly or indirectly, related to the Company’s business activities.
_ = Tidak Terpenuhi / Not Fulfilled
= Terpenuhi / Fulfilled
PT Sinar Mas Multiartha Tbk - 239
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Tata Kelola Perusahaan
Corporate Governance
Pernyataan Independensi Komisaris Independent Commissioner Statement of
Independen Independence
Komisaris Independen Perseroan telah memenuhi seluruh kriteria The Company’s Independent Commissioners have met all
independensi sesuai ketentuan yang berlaku. Bapak Robinson the independence criteria of applicable regulations. Mr. Robinson
Simbolon, yang saat ini menjalani periode keempat sebagai Simbolon, currently is in his fourth period as an Independent
Komisaris Independen, serta Bapak Ketut Sanjaya, yang memasuki Commissioner, while Mr. Ketut Sanjaya, is on his second period,
periode kedua, telah menandatangani dan menyerahkan Surat both have signed and submitted the Statement of Independence.
Pernyataan Independensi. Dengan demikian, keduanya tetap dapat Thus, they can continue the supervisory function objectively and
menjalankan fungsi pengawasan secara objektif dan mendukung support the decision-making process based on the long-term
pengambilan keputusan yang berlandaskan pada kepentingan interests of the Company and its stakeholders.
jangka panjang Perseroan dan pemangku kepentingan.
Hubungan Afiliasi Affiliation Relationship
Informasi mengenai hubungan afiliasi antara Dewan Komisaris Information regarding the affiliation relationship of the Board
dengan Direksi serta Pemegang Saham Pengendali Perseroan of Commissioners with the Company’s Board of Directors and
disajikan sebagai berikut. Controlling Shareholders is presented as follows.
Hubungan Keuangan dengan Hubungan Keluarga dengan
Financial Relationship with Family Relationship with
Pemegang Pemegang
Dewan Direksi Dewan Direksi
Saham Saham
Nama Jabatan Komisaris Board of Komisaris Board of
Pengendali Pengendali
Name Position Board of Directors Board of Directors
Controlling Controlling
Commissioners Commissioners
Shareholders Shareholders
Ya Tidak Ya Tidak Ya Tidak Ya Tidak Ya Tidak Ya Tidak
Yes No Yes No Yes No Yes No Yes No Yes No
Komisaris
Fuganto Utama _ _ _ _ _ _
Widjaja President
Commissioner
Komisaris
Robinson Independen _ _ _ _ _ _
Simbolon Independent
Commissioner
Komisaris
Ketut Independen _ _ _ _ _ _
Sanjaya Independent
Commissioner
Rangkap Jabatan Concurrent Position
Mengacu pada POJK No. 33/POJK.04/2014 tentang Direksi Referring to POJK No. 33/POJK.04/2014 on the Board of
dan Dewan Komisaris Emiten atau Perusahaan Publik, anggota Directors and Board of Commissioners of the Issuer or Public
Dewan Komisaris Perseroan diperbolehkan merangkap jabatan Company, member of the Company’s Board of Commissioners
dengan ketentuan sebagai berikut. is allowed to hold a concurrent position under the following
conditions.
1. Anggota Direksi paling banyak pada 2 Emiten atau 1. Member of the Board of Directors at a maximum of 2 other
Perusahaan Publik lain. Issuers or Public Companies.
2. Anggota Dewan Komisaris paling banyak pada 2 Emiten 2. Member of the Board of Commissioners at a maximum of
atau Perusahaan Publik lain. 2 other Issuers or Public Companies.
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Laporan Tahunan 2025
2025 Annual Report
3. Dalam hal anggota Dewan Komisaris tidak merangkap 3. If member of the Board of Commissioners is not holding
jabatan sebagai anggota Direksi, anggota Dewan Komisaris a concurrent position as a member of the Board of Directors,
yang bersangkutan dapat merangkap jabatan sebagai then the said person may serve as a member of the Board of
anggota Dewan Komisaris paling banyak pada 4 Emiten Commissioners at a maximum of 4 other Issuers or Public
atau Perusahaan Publik lain. Companies.
4. Anggota Dewan Komisaris dapat merangkap sebagai 4. Member of the Board of Commissioners may hold
anggota komite paling banyak pada 5 komite di Emiten a concurrent position as a committee member at a maximum
atau Perusahaan Publik di mana yang bersangkutan juga of 5 committees at the Issuer or Public Company where
menjabat sebagai anggota Direksi atau Dewan Komisaris. the said person also serves as a member of the Board of
Directors or the Board of Commissioners.
Rangkap jabatan sebagai anggota komite hanya dapat dilakukan Concurrent position as a committee member can only be held
sepanjang tidak bertentangan dengan peraturan perundang- provided that it is not conflicting with other prevailing laws and
undangan lainnya. regulations.
Informasi mengenai rangkap jabatan anggota Dewan Komisaris Information about the concurrent position of members of
Perseroan telah diungkapkan di bagian Profil Dewan Komisaris the Company’s Board of Commissioners is available in the Board
dalam bab Laporan Manajemen pada Laporan Tahunan ini. of Commissioners Profile section in the Management Report
chapter of this Annual Report.
Pelaksanaan Tugas dan Tanggung Jawab Implementation of Duties and
Responsibilities
Pada tahun 2025, Dewan Komisaris berperan aktif dalam In 2025, the Board of Commissioners played an active role
melaksanakan fungsi pengawasan, dengan ruang lingkup in carrying out the supervision role, with the following scope
sebagai berikut. of work.
1. Menyampaikan masukan kepada Direksi mengenai 1. Provide suggestions to the Board of Directors regarding
pencapaian target kinerja dan implementasi kebijakan the achievement of performance target and implementation
strategis Perseroan. of Company’s strategic policies.
2. Memastikan operasional Perseroan dijalankan sesuai dengan 2. Ensure the Company’s operational activities are in line with
peraturan perundang-undangan dan kebijakan internal. the laws and regulations and internal policies.
Rapat [ESG-G.02] Meeting [ESG-G.02]
Rapat Dewan Komisaris diselenggarakan secara berkala The Board of Commissioners meetings is held periodically at
sedikitnya 1 kali setiap 2 bulan, sedangkan rapat gabungan least once every 2 months, while joint meeting with the Board
dengan Direksi dilaksanakan minimal 1 kali setiap 4 bulan. of Directors is held at least once every 4 months. The meeting
Tingkat kehadiran masing-masing anggota Dewan Komisaris attendance rate of each member of the Board of Commissioners
sepanjang tahun 2025 disajikan sebagai berikut. throughout 2025 is presented as follows.
Rapat Internal Dewan Komisaris Rapat Gabungan dengan Direksi
Board of Commissioners Internal Meeting Joint Meeting with the Board of Directors
Nama Jabatan Total Total Tingkat Total Total Tingkat
Name Position Rapat Kehadiran Kehadiran Rapat Kehadiran Kehadiran
Total Total Attendance Total Total Attendance
Meeting Attendance Rate Meeting Attendance Rate
(%) (%)
Komisaris Utama
Fuganto
President 6 6 100.00 4 4 100.00
Widjaja
Commissioner
Komisaris Independen
Robinson
Independent 6 6 100.00 4 4 100.00
Simbolon
Commissioner
PT Sinar Mas Multiartha Tbk - 241
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Tata Kelola Perusahaan
Corporate Governance
Rapat Internal Dewan Komisaris Rapat Gabungan dengan Direksi
Board of Commissioners Internal Meeting Joint Meeting with the Board of Directors
Nama Jabatan Total Total Tingkat Total Total Tingkat
Name Position Rapat Kehadiran Kehadiran Rapat Kehadiran Kehadiran
Total Total Attendance Total Total Attendance
Meeting Attendance Rate Meeting Attendance Rate
(%) (%)
Komisaris Independen
Ketut
Independent 6 6 100.00 4 4 100.00
Sanjaya
Commissioner
Rata-Rata Kehadiran (%)
100.00 100.00
Average Attendance (%)
Risalah Rapat menjadi sarana pencatatan atas seluruh agenda All of the important agenda and resolutions from the Board
penting dan keputusan rapat Dewan Komisaris. Risalah ini of Commissioners meeting are recorded in the Minutes of
ditandatangani oleh pimpinan rapat dan peserta yang hadir, Meeting. The minutes is signed by the meeting chairman and all
kemudian disampaikan kepada semua anggota Dewan of the attending participants to be later distributed to all Board
Komisaris, termasuk yang berhalangan hadir. of Commissioners members, including those who were absent.
Pengembangan Kompetensi [ESG-G.05] Competency Development [ESG-G.05]
Perseroan memberikan dukungan penuh bagi Dewan Komisaris The Company fully supports the Board of Commissioners to
dalam mengembangkan wawasan dan keahliannya, sejalan develop its insight and expertise, in line with evolving business
dengan tuntutan perkembangan bisnis. Berbagai program demand. Various competency development program, ranging
pembekalan, mulai dari seminar hingga pelatihan eksternal, from seminars to external trainings, were participated by
diikuti oleh anggota Dewan Komisaris sepanjang tahun 2025 members of the Board of Commissioners throughout 2025 with
dengan rincian sebagai berikut. details as follows.
Nama Jabatan Program Pengembangan Kompetensi Penyelenggara Waktu dan Tempat
Name Position Competency Development Program Organizer Time and Venue
Komisaris Enterprise Risk Management dalam rangka IDX
Robinson Independen Group Capacity Building 2025 The Indonesia Capital 31 Oktober-1 November 2025
Simbolon Independent Enterprise Risk Management as a part of IDX Market Institute 31 October-1 November 2025
Commissioner Group Capacity Building 2025
Masa Depan Mineral dan Batu Bara Indonesia PT Golden Energy Jakarta, 3 Februari 2025
The Future of Indonesia’s Mineral and Coal Mines Tbk Jakarta, 3 February 2025
Komisaris Sinar Mas Digital Day 2025: Together We Go Far, Tangerang, 4 Oktober 2025
Sinar Mas
Independen Fast, Towards Infinite Future Tangerang, 4 October 2025
Ketut Sanjaya
Independent
Gabungan Pengusaha
Commissioner
Kelapa Sawit Indonesia
21st Indonesia Palm Oil Conference and 2026 Price Bali, 12-14 November 2025
(GAPKI)
Outlook Bali, 12-14 November 2025
Indonesian Palm Oil
Association (GAPKI)
Penilaian Kinerja [ESG-G.04] Performance Assessment [ESG-G.04]
Prosedur, Kriteria, dan Pihak yang Melakukan Procedure, Criteria, and Assessor
Penilaian
Evaluasi kinerja Dewan Komisaris dilakukan sekurang-kurangnya The performance evaluation of the Board of Commissioners is
sekali dalam setahun melalui mekanisme self-assessment conducted annually via self-assessment mechanism, supported
dengan dukungan Komite Nominasi dan Remunerasi. Hasil by Nomination and Remuneration Committee. The evaluation
evaluasi tersebut dilaporkan kepada Pemegang Saham dalam result is reported to Shareholders at the GMS, along with
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2025 Annual Report
RUPS bersama Laporan Pengawasan Dewan Komisaris, Laporan the submission of Board of Commissioners’ Supervisory
Pelaksanaan Tugas Direksi, Laporan Tahunan, dan Laporan Report, Board of Directors’ Implementation of Duties Report,
Keuangan Perseroan. the Company’s Annual Report, and Financial Report.
Hasil Penilaian Kinerja Performance Assessment Result
Berdasarkan hasil penilaian tahun 2025, Dewan Komisaris Based on the 2025 assessment result, Board of Commissioners
dinilai telah menjalankan tugas dan tanggung jawabnya secara has done its duties and responsibilities effectively, in line with
efektif sesuai dengan Anggaran Dasar, Board Manual, serta Articles of Association, Board Manual, as well as the applicable
ketentuan peraturan yang berlaku. Hasil penilaian tersebut regulations. The assessment result is used as:
menjadi dasar bagi:
1. Pertimbangan Pemegang Saham sebelum memberikan 1. Basis of consideration for Shareholders before granting
pembebasan tanggung jawab sepenuhnya (volledig acquit a full release of responsibilities (volledig acquit et de charge);
et de charge);
2. Upaya peningkatan kinerja Dewan Komisaris pada tahun 2. Effort to improve the performance of the Board of
berikutnya, khususnya dalam pengawasan kegiatan usaha Commissioners in the following year, particularly related to
dan penerapan GCG di Perseroan; serta monitoring of business activities and GCG implementation
in the Company; and
3. Penetapan besaran remunerasi. 3. Basis for determining the remuneration amount.
Penilaian Kinerja Organ Pendukung Performance Assessment of Board of
Dewan Komisaris Commissioners Supporting Organ
Sebagai bagian dari fungsi pengawasan, Dewan Komisaris As a part of its supervisory function, the Board of Commissioners
menilai kinerja Komite Audit serta Komite Nominasi dan periodically assess the performance of Audit Committee and
Remunerasi secara berkala, sekurang-kurangnya 1 kali dalam Nomination and Remuneration Committee, at least once a year.
setahun. Evaluasi dilakukan dengan memperhatikan: The evaluation is carried out by looking at the following:
1. Realisasi laporan pelaksanaan tugas sesuai dengan 1. Realization report of the implementation of duties in line
tanggung jawab masing-masing; with respective responsibilities;
2. Kualitas rekomendasi yang disampaikan; serta 2. Quality of the recommendation provided; and
3. Konsistensi kehadiran dalam rapat komite. 3. Consistency of attendance in committee meetings.
Hasil penilaian tahun 2025 menunjukkan bahwa kedua komite The 2025 assessment results showed that both committees
telah menjalankan perannya secara efektif dalam mendukung have conducted their roles effectively to support the Board
Dewan Komisaris, khususnya dalam memberikan masukan of Commissioners, particularly in providing strategic inputs to
strategis kepada Direksi terkait keberlangsungan usaha the Board of Directors related to the continuity of the Company’s
Perseroan. business.
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Tata Kelola Perusahaan
Corporate Governance
Direksi
Board of Directors
Direksi memiliki peran sentral dalam mengelola kegiatan The Board of Directors has a central role in managing activities
operasional Perseroan serta memastikan seluruh kebijakan of Company’s operations, as well as ensuring all of the policies and
dan strategi dijalankan sesuai dengan Anggaran Dasar, strategies are carried out in line with the Articles of Association,
peraturan perundang-undangan, dan prinsip GCG. Selain fungsi laws and regulations, and GCG principles. In addition to
pengelolaan, Direksi juga bertanggung jawab merumuskan the management function, the Board of Directors is also
strategi bisnis dan memastikan implementasinya guna responsible to prepare the business strategy and ensure
mencapai tujuan serta keberlanjutan usaha Perseroan. its implementation to achieve Company’s objectives and
business continuation.
Pedoman Kerja Guidelines
Komitmen Perseroan terhadap penerapan tata kelola tercermin The Company’s commitment to governance is reflected in
melalui penyusunan Pedoman Kerja Direksi (Board Manual). the preparation of Guidelines (Board Manual) of Board of
Dokumen ini memuat ketentuan mengenai tugas, tanggung Directors. This document contains provisions on the duties,
jawab, dan hubungan Direksi dengan organ Perseroan lainnya, responsibilities, and relationship of Board of Directors and other
yang disusun berdasarkan prinsip hukum korporasi, Anggaran Company organs, prepared based on corporate law principles,
Dasar, arahan Pemegang Saham, dan praktik terbaik GCG. Articles of Association, Shareholders’ directives, and GCG best
practices.
Tugas dan Tanggung Jawab Duties and Responsibilities
Tugas dan tanggung jawab masing-masing anggota Direksi The respective duties and responsibilities of members of
dijelaskan sebagai berikut. the Board of Directors are outlined in below table.
Burhanuddin Abdullah
Direktur Utama / President Director
Tugas dan Direktur Utama bertanggung jawab memimpin pengelolaan Perseroan secara keseluruhan, dengan tugas dan tanggung
Tanggung Jawab jawab sebagai berikut.
• Menetapkan kebijakan umum Perseroan serta memastikan arah pengelolaan perusahaan sejalan dengan visi, misi, dan
strategi jangka panjang.
• Mengarahkan penyusunan serta pelaksanaan rencana strategis Perseroan.
• Mengawasi dan mengoordinasikan kinerja seluruh anggota Direksi dalam menjalankan fungsi dan tanggung jawab
masing-masing.
• Memastikan kegiatan operasional Perseroan berjalan secara efektif, efisien, dan sesuai dengan ketentuan yang berlaku.
• Bertanggung jawab atas pengelolaan dan kinerja Perseroan kepada Pemegang Saham melalui Rapat Umum Pemegang
Saham.
Duties and The President Director is responsible for leading the overall management of the Company, with the following duties and
Responsibilities responsibilities.
• Establishing the general policies of the Company and ensuring that the direction of company management is aligned
with the vision, mission, and long-term strategy.
• Directing the preparation and implementation of the Company’s strategic plans.
• Supervising and coordinating the performance of all members of the Board of Directors in carrying out their respective
functions and responsibilities.
• Ensuring that the Company’s operational activities run effectively, efficiently, and in accordance with the applicable
provisions.
• Being responsible for the management and performance of the Company to the Shareholders through the General
Meeting of Shareholders.
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Eric Buntoro
Wakil Direktur Utama / Vice President Director
Tugas dan Wakil Direktur Utama bertanggung jawab mendukung Direktur Utama dalam pelaksanaan strategi dan pengelolaan
Tanggung Jawab operasional Perseroan, dengan tugas dan tanggung jawab sebagai berikut.
• Mendukung dan mewakili Direktur Utama dalam pelaksanaan kebijakan strategis serta pengawasan operasional entitas
dalam konglomerasi keuangan.
• Mengkoordinasikan pelaksanaan strategi bisnis serta pengembangan portofolio usaha di seluruh entitas dalam
konglomerasi keuangan.
• Memastikan kesiapan dan efektivitas infrastruktur pendukung grup, termasuk fungsi keuangan, sumber daya manusia,
teknologi informasi, manajemen risiko, kepatuhan, dan operasional.
• Mengawasi kinerja Satuan Kerja Audit Internal Terintegrasi (SKAIT).
• Mengkoordinasikan konsolidasi Laporan Keuangan dan penerapan PSAK pada tingkat grup.
• Mengkoordinasikan pengelolaan arus kas dan struktur permodalan grup.
• Melakukan pemantauan terhadap struktur modal dan pengelolaan perpajakan secara terintegrasi.
The Vice President Director is responsible for supporting the President Director in the implementation of strategy and
operational management of the Company, with the following duties and responsibilities.
Duties and • Supporting and representing the President Director in the implementation of strategic policies and operational
Responsibilities supervision of entities within the financial conglomeration.
• Coordinating the implementation of business strategies and the development of business portfolios across all entities
within the financial conglomeration.
• Ensuring the readiness and effectiveness of group supporting infrastructure, including finance, human resources,
information technology, risk management, compliance, and operations functions.
• Supervising the performance of the Integrated Internal Audit Unit (SKAIT).
• Coordinating the consolidation of Financial Statements and the implementation of PSAK at the group level.
• Coordinating the management of group cash flow and capital structure.
• Monitoring capital structure and tax management in an integrated manner.
Agus Leman Gunawan
Direktur Bisnis - Relasi / Director of Business - Relations
Tugas dan Direktur Bisnis - Relasi bertanggung jawab dalam mendukung pengembangan hubungan strategis serta pemantauan
Tanggung Jawab dinamika industri, dengan tugas dan tanggung jawab sebagai berikut.
• Memantau perkembangan industri dan dinamika pasar yang relevan dengan kegiatan usaha Perseroan.
• Menginterpretasikan tren industri serta peluang bisnis yang dapat dimanfaatkan oleh Perseroan.
• Menyampaikan analisis dan wawasan strategis kepada Direksi sebagai bahan pengambilan keputusan.
• Membangun serta menjaga hubungan yang baik dengan pemangku kepentingan, termasuk asosiasi industri dan
mitra strategis.
Duties and The Director of Business – Relations is responsible for supporting the development of strategic relationships and monitoring
Responsibilities industry dynamics, with the following duties and responsibilities.
• Monitoring industry developments and market dynamics relevant to the Company’s business activities.
• Interpreting industry trends and business opportunities that can be utilized by the Company.
• Delivering strategic analysis and insights to the Board of Directors as a basis for decision-making.
• Establishing and maintaining good relationships with stakeholders, including industry associations and strategic
partners.
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Tata Kelola Perusahaan
Corporate Governance
Felix
Direktur Bisnis Manajemen Entitas Anak / Director of Business - Subsidiary Entity Management
Tugas dan Direktur Bisnis Manajemen Entitas Anak bertanggung jawab dalam pengelolaan dan pengawasan kinerja Entitas Anak,
Tanggung Jawab dengan tugas dan tanggung jawab sebagai berikut.
• Mengelola pengawasan dan pengendalian kinerja Entitas Anak secara menyeluruh (end-to-end).
• Memastikan pencapaian target finansial, operasional, dan strategis pada Entitas Anak.
• Mengarahkan pengelolaan Entitas Anak yang baru berkembang atau berskala kecil hingga menengah.
• Memastikan pengelolaan Entitas Anak selaras dengan kebijakan dan strategi grup.
Duties and The Director of Business - Subsidiary Entity Management is responsible for the management and supervision of
Responsibilities the performance of Subsidiaries, with the following duties and responsibilities.
• Managing supervision and control of Subsidiaries’ performance comprehensively (end-to-end).
• Ensuring the achievement of financial, operational, and strategic targets of Subsidiaries.
• Directing the management of newly developing or small to medium-scale Subsidiaries.
• Ensuring that the management of Subsidiaries is aligned with group policies and strategies.
Ir. Dumoly Freddy Pardede
Direktur Bisnis - Merger & Acquisition / Director of Business - Merger & Acquisition
Tugas dan Direktur Bisnis - M&A bertanggung jawab dalam pengembangan usaha melalui kegiatan investasi strategis, dengan tugas
Tanggung Jawab dan tanggung jawab sebagai berikut.
• Melakukan evaluasi kelayakan terhadap peluang merger dan akuisisi (M&A).
• Mengkaji potensi sinergi bisnis dari peluang investasi strategis.
• Mengidentifikasi dan mengembangkan peluang usaha baru yang dapat meningkatkan nilai tambah bagi Perseroan.
• Memastikan integrasi dan sinergi usaha baru dengan portofolio bisnis Perseroan.
Duties and The Director of Business - M&A is responsible for business development through strategic investment activities, with
Responsibilities the following duties and responsibilities.
• Conducting feasibility evaluations of merger and acquisition (M&A) opportunities.
• Assessing potential business synergies from strategic investment opportunities.
• Identifying and developing new business opportunities that can increase added value for the Company.
• Ensuring the integration and synergy of new businesses with the Company’s business portfolio.
Tjong Huei Wey
Direktur Manajemen Risiko dan Kepatuhan / Director of Risk Management and Compliance
Tugas dan Direktur Manajemen Risiko dan Kepatuhan bertanggung jawab dalam memastikan penerapan manajemen risiko,
Tanggung Jawab kepatuhan, dan tata kelola secara terintegrasi, dengan tugas dan tanggung jawab sebagai berikut.
• Menyusun dan menerapkan kebijakan manajemen risiko serta kepatuhan secara terintegrasi di seluruh entitas grup.
• Memastikan efektivitas pengendalian risiko dan kepatuhan terhadap ketentuan Otoritas Jasa Keuangan serta prinsip
kehati-hatian.
• Mengkoordinasikan proses identifikasi, pemantauan, dan pelaporan risiko serta kepatuhan antar Entitas Anak.
• Menyusun laporan konsolidasi risiko dan kepatuhan grup untuk Direksi, Dewan Komisaris, dan Otoritas Jasa Keuangan.
• Mendorong penerapan budaya risiko dan kepatuhan (risk and compliance culture) di seluruh entitas.
• Mengawasi kinerja Satuan Kerja Manajemen Risiko Terintegrasi (SKMRT) dan Satuan Kerja Kepatuhan Terintegrasi
(SKKT).
• Mengkoordinasikan implementasi GCG secara terintegrasi.
• Memastikan kepatuhan terhadap hasil audit dan Otoritas Jasa Keuangan.
• Melakukan evaluasi terhadap efektivitas pengendalian dan kepatuhan internal secara grup.
Duties and The Director of Risk Management and Compliance is responsible for ensuring the implementation of integrated risk
Responsibilities management, compliance, and governance, with the following duties and responsibilities.
• Formulating and implementing integrated risk management and compliance policies across all group entities.
• Ensuring the effectiveness of risk control and compliance with Financial Services Authority regulations and prudential
principles.
• Coordinating the process of identification, monitoring, and reporting of risks and compliance among Subsidiaries.
• Preparing consolidated group risk and compliance reports for the Board of Directors, the Board of Commissioners, and
the Financial Services Authority.
• Encouraging the implementation of risk and compliance culture across all entities.
• Supervising the performance of the Integrated Risk Management Unit (SKMRT) and the Integrated Compliance Unit
(SKKT).
• Coordinating the implementation of GCG in an integrated manner.
• Ensuring compliance with audit results and the Financial Services Authority.
• Evaluating the effectiveness of internal control and compliance at the group level.
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Lynn Ramli
Direktur Bisnis Consumer Finance / Director of Business Consumer Finance
Tugas dan Direktur Bisnis Consumer Finance bertanggung jawab dalam pengembangan dan sinergi bisnis pada segmen pembiayaan
Tanggung Jawab konsumen, dengan tugas dan tanggung jawab sebagai berikut.
• Menetapkan arah dan kebijakan pengembangan bisnis pada segmen consumer finance.
• Mengkoordinasikan strategi pertumbuhan bisnis antar Entitas Anak yang bergerak di bidang terkait.
• Memastikan terciptanya sinergi usaha antar entitas dalam grup.
• Memastikan pengembangan usaha dilakukan secara berkelanjutan dan selaras dengan strategi grup.
Duties and The Director of Business Consumer Finance is responsible for business development and synergy in the consumer
Responsibilities financing segment, with the following duties and responsibilities.
• Establishing the direction and policies for business development in the consumer finance segment.
• Coordinating business growth strategies among Subsidiaries engaged in related sectors.
• Ensuring the creation of business synergy among entities within the group.
• Ensuring that business development is carried out sustainably and aligned with group strategy.
Direksi juga memegang peran penting dalam penerapan tata Board of Directors also has an important role in implementing
kelola berkelanjutan dengan memastikan kegiatan usaha sustainable governance by ensuring the Company’s business
Perseroan berjalan efektif sekaligus memperhatikan dampak activities are running effectively while considering the social
sosial dan lingkungan. Selain itu, Direksi bertanggung jawab and environmental impacts. The Board of Directors is also
merumuskan kebijakan, menetapkan arah strategis, serta responsible to formulate policies, determine strategic direction,
melaksanakan berbagai inisiatif keberlanjutan sebagai wujud and implementing various sustainability initiatives in realizing
komitmen Perseroan. the commitment of the Company.
Komposisi dan Independensi [ESG-G.01] Composition and Independence [ESG-G.01]
Komposisi Composition
Berdasarkan keputusan RUPS Luar Biasa pada 19 Juni 2025, Based on the Extraordinary GMS resolution dated 19 June 2025,
Pemegang Saham menyetujui pengunduran diri Ibu Lili Wijata the Shareholders approved the resignation of Mrs. Lili Wijata and
serta mengangkat Ibu Tjong Huei Wey sebagai Direktur appointed Mrs. Tjong Huei Wey as the new Company Director.
Perseroan yang baru. Selanjutnya, melalui Keputusan RUPS Furthermore, through the Resolution of the Extraordinary
Luar Biasa tanggal 18 November 2025, Perseroan menyetujui GMS dated 18 November 2025, the Company approved
pengunduran diri Ibu Ferita serta mengangkat Ibu Lynn Ramli the resignation of Mrs. Ferita and appointed Mrs. Lynn Ramli
sebagai penggantinya. Pada RUPS yang sama, Perseroan as her replacement. At the same GMS, the Company also
juga mengangkat Bapak Eric Buntoro sebagai Wakil Presiden appointed Mr. Eric Buntoro as Vice President Director of
Direktur Perseroan. Dengan perubahan tersebut, susunan the Company. Thus, the composition of the Company’s Board of
Dewan Komisaris dan Direksi Perseroan per 31 Desember 2025 Commissioners and Board of Directors as of 31 December 2025
adalah sebagai berikut. is as follows.
Nama Jabatan Pertama Kali Menjabat
Name Position Starting Year
Direktur Utama
Burhanuddin Abdullah 2021
President Director
Wakil Presiden Direktur
Eric Buntoro 2025
Vice President Director
Direktur
Agus Leman Gunawan 2012
Director
Direktur
Felix 2021
Director
Direktur
Ir. Dumoly Freddy Pardede 2024
Director
Direktur
Tjong Huei Wey 2025
Director
Direktur
Lynn Ramli 2025
Director
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Tata Kelola Perusahaan
Corporate Governance
Independensi Independence
Direksi menjalankan pengelolaan Perseroan secara independen The Board of Directors performs independent management of
dengan memastikan setiap keputusan bisnis bebas dari the Company by ensuring that all business decision is free from
kepentingan pihak tertentu, dan senantiasa berorientasi pada any particular interest, and always oriented toward Company’s
keberlanjutan usaha Perseroan. business sustainability.
Hubungan Afiliasi Affiliation Relationship
Informasi mengenai hubungan afiliasi antara Direksi dengan Information regarding the affiliation relationship of the Board
Dewan Komisaris serta Pemegang Saham Pengendali Perseroan of Directors with the Company’s Board of Commissioners and
disajikan sebagai berikut. Controlling Shareholders is presented as follows.
Hubungan Keuangan dengan Hubungan Keluarga dengan
Financial Relationship with Family Relationship with
Pemegang Pemegang
Dewan Direksi Dewan Direksi
Saham Saham
Nama Jabatan Komisaris Board of Komisaris Board of
Pengendali Pengendali
Name Position Board of Directors Board of Directors
Controlling Controlling
Commissioners Commissioners
Shareholders Shareholders
Ya Tidak Ya Tidak Ya Tidak Ya Tidak Ya Tidak Ya Tidak
Yes No Yes No Yes No Yes No Yes No Yes No
Direktur Utama
Burhanuddin _ _ _ _ _ _
Abdullah President
Director
Wakil Direktur
Utama _ _ _ _ _ _
Eric Buntoro
Vice President
Director
Agus Leman Direktur _ _ _ _ _ _
Gunawan Director
Felix
Direktur _ _ _ _ _ _
Director
Ir. Dumoly
Freddy
Direktur _ _ _ _ _ _
Director
Pardede
Tjong Huei Direktur _ _ _ _ _ _
Wey Director
Lynn Ramli
Direktur _ _ _ _ _ _
Director
Rangkap Jabatan Concurrent Position
Mengacu pada POJK No. 33/POJK.04/2014 tentang Direksi Referring to POJK No. 33/POJK.04/2014 on the Board of
dan Dewan Komisaris Emiten atau Perusahaan Publik, anggota Directors and Board of Commissioners of the Issuer or Public
Direksi Perseroan diperbolehkan merangkap jabatan dengan Company, member of the Company’s Board of Directors is allowed
ketentuan sebagai berikut. to hold a concurrent position under the following conditions.
1. Anggota Direksi paling banyak 1 Emiten atau Perusahaan 1. Member of the Board of Directors at a maximum of 1 other
Publik lain; Issuer or Public Company;
2. Anggota Dewan Komisaris paling banyak pada 3 Emiten 2. Member of the Board of Commissioners at a maximum of
atau Perusahaan Publik lain; serta 3 other Issuers or Public Companies; and
3. Anggota komite paling banyak pada 5 komite di Emiten 3. Committee member at a maximum of 5 committees in
atau Perusahaan Publik di mana yang bersangkutan juga Issuer or Public Company where the said person also
menjabat sebagai anggota Direksi atau anggota Dewan served as a member of the Board of Directors or Board of
Komisaris. Commissioners.
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Rangkap jabatan hanya dapat dilakukan sepanjang tidak Concurrent position can only be held provided that it is not
bertentangan dengan peraturan perundang-undangan lainnya. conflicting with other prevailing laws and regulations.
Informasi mengenai rangkap jabatan anggota Direksi Perseroan Information regarding concurrent position of members of
disajikan pada bagian Profil Direksi dalam bab Laporan Manajemen the Company’s Board of Directors is available in Board of
Laporan Tahunan ini. Directors Profile section in the Management Report chapter of
this Annual Report.
Pelaksanaan Tugas dan Tanggung Jawab Implementation of Duties and
Responsibilities
Sepanjang tahun 2025, Direksi menjalankan tugas dan Throughout 2025, the Board of Directors has conducted its
tanggung jawabnya yang mencakup hal-hal berikut. duties and responsibilities which include the following.
1. Memimpin dan mengurus Perseroan untuk mencapai 1. Lead and manage the Company to achieve its goals, in
tujuan perusahaan, sesuai dengan tanggung jawab dan line with the responsibilities and authorities of the Board
kewenangan Direksi, sebagaimana diatur dalam Anggaran of Directors, as regulated in the Articles of Association and
Dasar dan peraturan yang berlaku. prevailing regulations.
2. Menyusun Annual Business Plan 2024 yang berisikan 2. Prepare the Annual Business Plan 2024 containing
pedoman dan target kerja Perseroan untuk tahun 2024, the Company’s guidelines and work targets for 2024, and
kemudian menyampaikannya kepada Dewan Komisaris submit it to the Board of Commissioners for approval.
untuk pemberian persetujuan.
3. Memastikan Perseroan melaksanakan tata kelola 3. Ensure that the Company implements corporate governance
perusahaan sesuai dengan prinsip-prinsip GCG, Anggaran in line with the GCG principles, the Company’s Articles of
Dasar Perseroan, peraturan pasar modal lain, serta peraturan Association, other capital market regulations, and laws and
perundang-undangan di setiap kegiatan usaha Perseroan. regulations in every business activity of the Company.
4. Menguasai dan mengembangkan sistem pengendalian 4. Master and develop an effective internal control system and
internal yang efektif dan memastikan penerapannya telah ensure that its implementation has run safely to achieve
berjalan aman untuk mencapai tujuan yang ditetapkan the goals set by the Company.
Perseroan.
5. Mengelola temuan audit dan rekomendasi dari Audit 5. Manage audit findings and recommendations from Internal
Internal, auditor eksternal, serta hasil pengawasan Otoritas Audit, external auditor, and supervisory result of the Financial
Jasa Keuangan. Services Authority.
6. Memperbarui dan mengevaluasi ketentuan dan peraturan 6. Update and evaluate the provisions and regulations of
perusahaan agar selalu update dengan perubahan dan the company to be constantly updated with the changes
peraturan, baik peraturan internal maupun peraturan eksternal. and regulations, both internal and external regulations.
7. Memanfaatkan secara optimal seluruh sumber daya yang 7. Make optimal use of all the resources owned for
dimiliki untuk pengembangan Perseroan. the development of the Company.
8. Menjalin kerja sama serta menjaga hubungan baik dengan 8. Establish cooperation and maintain a good relationship with
seluruh pemangku kepentingan. all stakeholders.
Rapat [ESG-G.02] Meeting [ESG-G.02]
Rapat Direksi dilaksanakan secara rutin paling sedikit 1 kali The Board of Directors held regular meeting at least once
dalam sebulan, sedangkan rapat gabungan dengan Dewan a month, while joint meeting with the Board of Commissioners
Komisaris diadakan sekurang-kurangnya 1 kali dalam 4 bulan. is held at least once every 4 months. The meeting attendance
Tingkat kehadiran setiap anggota Direksi sepanjang tahun 2025 rate of each member of the Board of Directors throughout 2025
disajikan sebagai berikut. is presented as follows.
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Tata Kelola Perusahaan
Corporate Governance
Rapat Gabungan dengan Dewan Komisaris
Rapat Internal Direksi
Joint Meeting with the Board of
Board of Directors Internal Meeting
Commissioners
Nama Jabatan
Total Total Tingkat Total Total Tingkat
Name Position
Rapat Kehadiran Kehadiran Rapat Kehadiran Kehadiran
Total Total Attendance Total Total Attendance
Meeting Attendance Rate Meeting Attendance Rate
(%) (%)
Burhanuddin Direktur Utama
12 12 100.00 4 4 100.00
Abdullah President Director
Wakil Direktur
Utama
Eric Buntoro1) 1 1 100.00 1 1 100.00
Vice President
Director
Agus Leman Direktur
12 12 100.00 4 4 100.00
Gunawan Director
Direktur
Felix 12 12 100.00 4 4 100.00
Director
Direktur
Ferita2) 10 10 100.00 3 3 100.00
Director
Ir. Dumoly
Direktur
Freddy 12 12 100.00 4 4 100.00
Director
Pardede
Tjong Huei Direktur
5 5 100.00 2 2 100.00
Wey3) Director
Direktur
Lynn Ramli1) 1 1 100.00 1 1 100.00
Director
Rata-Rata Kehadiran (%)
100.00 100.00
Average Attendance (%)
1) Efektif menjabat sejak 18 November 2025. / Effective since 18 November 2025.
2) Efektif mengundurkan diri pada 18 November 2025. / Resigned effective 18 November 2025.
3) Efektif menjabat sejak 19 Juni 2025. / Effective since 19 June 2025.
Seluruh agenda penting dan keputusan rapat Direksi dituangkan All of the important agenda and resolutions from the Board
dalam Risalah Rapat yang ditandatangani oleh pimpinan rapat of Directors meeting are recorded in the Minutes of Meeting,
bersama peserta yang hadir, kemudian disampaikan kepada signed by the meeting chairman and the attending participants
seluruh anggota Direksi, termasuk yang berhalangan hadir. to be later distributed to all Board of Directors members,
including those who were absent.
Pengembangan Kompetensi [ESG-G.05] Competency Development [ESG-G.05]
Perseroan memberikan dukungan penuh bagi Direksi dalam The Company fully supports the Board of Directors to develop
mengembangkan wawasan dan keahliannya, sejalan dengan its insight and expertise, in line with evolving business demand.
tuntutan perkembangan bisnis. Berbagai program pembekalan, Various competency development program, ranging from
mulai dari seminar hingga pelatihan eksternal, diikuti oleh anggota seminars to external trainings, were participated by members of
Direksi sepanjang tahun 2025 dengan rincian sebagai berikut. the Board of Directors throughout 2025 with details as follows.
Nama Jabatan Program Pengembangan Kompetensi Penyelenggara Waktu dan Tempat
Name Position Competency Development Program Organizer Time and Venue
Seminar Nasional Resilience and Turnaround: Asosiasi Perusahaan
Direktur Indonesia’s Economic Direction Pembiayaan Indonesia (APPI) Jakarta, 28 Oktober 2025
Felix
Director National Seminar on Resilience and Turnaround: Indonesian Financing Jakarta, 28 October 2025
Indonesia’s Economic Direction Companies Association (APPI)
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Nama Jabatan Program Pengembangan Kompetensi Penyelenggara Waktu dan Tempat
Name Position Competency Development Program Organizer Time and Venue
Corporate Financial Decision – Making for Value Online, 9 Mei 2025
The University of Melbourne
Creation Online, 9 May 2025
Webinar Anti-Fraud “Survey Fraud Indonesia 2025” Association of Certified Fraud Online, 26 Juli 2025
Anti-Fraud Webinar “Fraud Indonesia Survey 2025” Examiners (ACFE) Online, 26 July 2025
Decoding Friendly Fraud : Strategis for Financial Association of Certified Fraud Online, 29 Juli 2025
Institution to Combat Emerging Risks Examiners (ACFE) Online, 29 July 2025
Tjong Huei Direktur Online, 17 Agustus 2025
Digital Transformation for Agile Organizations Duke Corporate Education
Wey Director Online, 17 August 2025
Macquarie University Syney - Online, 17 Agustus 2025
Organisational Design: Know Your Organisation
Australia Online, 17 August 2025
Overcoming Challenges with Cross-Border Asset Association of Certified Fraud Online, 28 Agustus 2025
Tracing and Recovery Examiners (ACFE) Online, 28 August 2025
Association of Certified Fraud Online, 24-25 September 2025
Detecting Fraud with Data Analytics
Examiners (ACFE) Online, 24-25 September 2025
“Strategi Usaha dan Tata Kelola Perlindungan
Konsumen di Tengah Ketidakpastian Global”
Refreshment Training for Direcorate Level Asosiasi Perusahaan
Certification – Multifinance Pembiayaan Indonesia (APPI) Jakarta, 28 April 2025
“Business Strategy and Consumer Protection Indonesian Financing Jakarta, 28 April 2025
Governance Amidst Global Uncertainties” Companies Association (APPI)
Refreshment Training for Directorate Level
Direktur Certification – Multifinance
Lynn Ramli
Director
Governance, Risk and Compliance “Concept and Jakarta, 18 Juli 2025
PT Busan Auto Finance
Practices in Financing Company” Jakarta, 18 July 2025
Asosiasi Perusahaan
“Economic Outlook” Refreshment Training for Pembiayaan Indonesia (APPI) Jakarta, 2 September 2025
Directorate Level Certification – Multifinance
Indonesian Financing Jakarta, 2 September 2025
Companies
Companies Association (APPI)
Penilaian Kinerja [ESG-G.04] Performance Assessment [ESG-G.04]
Prosedur, Kriteria, dan Pihak yang Procedure, Criteria, and Assessor
Melakukan Penilaian
Evaluasi kinerja Direksi dilakukan sekurang-kurangnya sekali The performance evaluation of the Board of Directors is
dalam setahun melalui mekanisme self-assessment dengan conducted annually via self-assessment mechanism, supported
dukungan Komite Nominasi dan Remunerasi. Hasil evaluasi by Nomination and Remuneration Committee. The evaluation
tersebut dilaporkan kepada Pemegang Saham dalam RUPS result is reported to Shareholders at the GMS, along with
bersama Laporan Pengawasan Dewan Komisaris, Laporan the submission of Board of Commissioners’ Supervisory Report,
Pelaksanaan Tugas Direksi, Laporan Tahunan, dan Laporan Board of Directors’ Implementation of Duties Report, and
Keuangan Perseroan. the Company’s Annual Report and Financial Report.
Hasil Penilaian Kinerja Performance Assessment Result
Berdasarkan hasil penilaian tahun 2025, Direksi dinilai telah Based on the 2025 assessment result, Board of Directors
menjalankan tugas dan tanggung jawabnya secara efektif has done its duties and responsibilities effectively, in line with
sesuai dengan Anggaran Dasar, Board Manual, serta ketentuan Articles of Association, Board Manual, as well as the applicable
peraturan yang berlaku. Hasil penilaian tersebut menjadi regulations. The assessment result is used as:
dasar bagi:
1. Pertimbangan Pemegang Saham sebelum memberikan 1. Basis of consideration for Shareholders before granting
pembebasan tanggung jawab sepenuhnya (volledig acquit a full release of responsibilities (volledig acquit et de charge);
et de charge);
2. Upaya peningkatan kinerja Direksi pada tahun berikutnya, 2. Effort to improve the performance of the Board of Directors in
khususnya dalam pengawasan kegiatan usaha dan the following year, particularly related to monitoring of business
penerapan GCG di Perseroan; serta activities and GCG implementation in the Company; and
3. Penetapan besaran remunerasi. 3. Basis for determining the remuneration amount.
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Tata Kelola Perusahaan
Corporate Governance
Penilaian Kinerja Organ Pendukung Performance Assessment of
Direksi Board of Directors Supporting Organ
Direksi melakukan evaluasi berkala terhadap kinerja organ The Board of Directors periodically assesses the performance
pendukungnya, yaitu Sekretaris Perusahaan dan Audit Internal, of its supporting organs, namely the Corporate Secretary and
dengan mempertimbangkan pelaksanaan tugas dan tanggung Internal Audit by considering the implementation of duties and
jawab selama tahun buku berjalan. Berdasarkan hasil evaluasi responsibilities throughout the financial year. Based on the 2025
tahun 2025, keduanya dinilai telah melaksanakan perannya performance assessment results, both organs were considered
secara efektif dan mendukung kelancaran fungsi pengelolaan to perform their duties effectively and support the smooth
Perseroan oleh Direksi. management function of the Company by Board of Directors.
Informasi tentang Komite di Bawah Information about Committee Under
Direksi the Board of Directors
Sampai dengan akhir tahun 2025, Perseroan belum membentuk Until the end of 2025, the Company has not formed any
komite di bawah Direksi. Dengan demikian, tidak tersedia committee under the Board of Directors. Therefore, there is no
informasi mengenai kegiatan maupun hasil evaluasi kinerja atas information on the implementation of duties and performance
komite tersebut. assessment of such committee.
Kebijakan Nominasi dan Remunerasi
Dewan Komisaris dan Direksi
Board of Commissioners and Board of Directors Nomination and
Remuneration Policy
Kriteria dan Prosedur Nominasi Nomination Criteria and Procedure of
Dewan Komisaris dan Direksi [ESG-G.06] the Board of Commissioners and
Board of Directors [ESG-G.06]
Perseroan memastikan bahwa proses nominasi anggota Dewan The Company ensures the nomination process of members of
Komisaris dan Direksi dilaksanakan secara transparan, the Board of Commissioners and Board of Directors is carried out
profesional, dan sesuai dengan prinsip GCG. Dalam transparently, professionally and in line with the GCG principles.
penetapan kriteria, Perseroan berpedoman pada POJK In establishing the criteria, the Company refers to POJK
No. 33/POJK.04/2014 tentang Direksi dan Dewan Komisaris No. 33/POJK.04/2014 on the Board of Directors and Board of
Emiten atau Perusahaan Publik, dengan mempertimbangkan Commissioners of the Issuer or Public Company, by considering
aspek integritas, kompetensi, pengalaman, keberagaman the aspect of integrity, competency, experience, diversity of
keahlian, pemahaman tata kelola, serta kepedulian terhadap skills, understanding of governance, as well as awareness of
isu keberlanjutan. Proses nominasi dilakukan secara terstruktur sustainability issue. The nomination process is conducted
melalui Dewan Komisaris berdasarkan rekomendasi Komite structurally through the Board of Commissioners based
Nominasi dan Remunerasi, kemudian diajukan kepada RUPS on recommendations from Nomination and Remuneration
untuk memperoleh persetujuan. Dengan mekanisme ini, Committee, then submitted to the GMS for approval. With this
Perseroan memastikan bahwa individu yang terpilih memiliki mechanism, the Company ensures that the selected individual
kapasitas kepemimpinan, mampu memberikan arahan strategis, has leadership capacity, capable to provide strategic directive,
mengelola risiko secara efektif, serta mendukung pertumbuhan managing risks effectively, as well as supporting a long-term
jangka panjang yang berkelanjutan. sustainable growth.
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Remunerasi Dewan Komisaris dan Direksi Board of Commissioners and Board of
Directors Remuneration
Prosedur dan Dasar Penetapan Remunerasi Basic Procedure for Determining Remuneration
Penetapan remunerasi dan fasilitas lainnya bagi Dewan Determination of remuneration and other facilities for the Board
Komisaris dan Direksi menjadi kewenangan Pemegang Saham of Commissioners and Board of Directors is the authority of
melalui RUPS, namun dapat dilimpahkan sesuai mandat Shareholders through GMS, but it may be delegated with GMS
RUPS. Dalam RUPS Tahunan 19 Juni 2025, kewenangan mandate. In the Annual GMS dated 19 June 2025, the authority
tersebut diberikan kepada Komite Nominasi dan Remunerasi was delegated to the Nomination and Remuneration Committee
untuk menetapkan remunerasi dengan memperhatikan to determine the remuneration by considering these aspects.
aspek-aspek berikut.
1. Hasil penilaian kinerja masing-masing anggota Dewan 1. Performance assessment result of each member of
Komisaris dan Direksi. the Board of Commissioners and Board of Directors.
2. Kajian yang dilakukan oleh Dewan Komisaris terkait 2. Similar review conducted by the Board of Commissioners
remunerasi. on remuneration.
3. Kondisi dan kemampuan keuangan Perseroan. 3. The Company’s financial condition and capability.
Struktur dan Besaran Remunerasi Structure and Remuneration Amount
Struktur remunerasi yang diterima oleh Dewan Komisaris dan The Remuneration structure received by the Board of
Direksi, terdiri dari: Commissioners and Board of Directors consist of:
1. Remunerasi tetap, yaitu remunerasi yang tidak dikaitkan 1. Fixed remuneration, i.e. remuneration unrelated to
dengan kinerja dan risiko, seperti gaji pokok, tunjangan hari performance and risk, such as basic salary, religious holiday
raya (THR), asuransi kesehatan dan BPJS Ketenagakerjaan, allowance (THR), health insurance, Employment Insurance
serta fasilitas lain berupa transportasi dan komunikasi; serta (BPJS Ketenagakerjaan), and other facilities such as
transportation and communication; and
2. Remunerasi variabel, yaitu remunerasi yang dikaitkan 2. Variable remuneration, i.e. remuneration related to
dengan kinerja dan risiko, di antaranya bonus. performance and risk, such as bonus.
Penetapan besaran remunerasi dilakukan dengan The remuneration amount is determined by considering
mempertimbangkan kinerja Dewan Komisaris dan Direksi, serta the performance of Board of Commissioners and Board of
disampaikan kepada Dewan Komisaris sebagai bagian dari Directors, as well as presented to the Board of Commissioners
proses evaluasi. as part of the evaluation process.
Total yang Diterima
Total Received
Total Dewan Komisaris Direksi Total
Remunerasi dan Board of Commissioners Board of Directors Remuneration and
Fasilitas Lain Other Facilities
Dalam Jutaan Dalam Jutaan
Total Orang Total Orang
Rupiah Rupiah
Total Persons Total Persons
In Million Rupiah In Million Rupiah
Remunerasi / Remuneration
Gaji 1 1,339 4 7,375 Salary
Catatan / Note:
2 Komisaris dan 3 Direktur menerima remunerasi dari Entitas Anak. / 2 Commissioners and 3 Directors receive remuneration from Subsidiaries.
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Tata Kelola Perusahaan
Corporate Governance
Komite Audit
Audit Committee
Komite Audit dibentuk oleh Dewan Komisaris sebagai wujud The Board of Commissioners established the Audit Committee
komitmen Perseroan dalam menerapkan prinsip GCG. Komite to realize Company’s commitment in implementing GCG
ini bertugas memberikan dukungan kepada Dewan Komisaris principles. This committee is tasked of assisting the Board of
dalam menilai keandalan laporan keuangan, meninjau efektivitas Commissioners to assess reliability of financial report, review
sistem pengendalian internal, serta memastikan Direksi the effectiveness of internal control system, and ensure
melaksanakan tugas sesuai dengan ketentuan yang berlaku. the Board of Directors carry out its duties according to
the applicable regulations.
Pedoman Kerja Guidelines
Komite Audit melaksanakan tugasnya berdasarkan Piagam The Audit Committee carried out its duties based on the Audit
Komite Audit yang berlaku, dengan pembaruan terakhir pada Committee Charter, which is latest updated on 2 January 2020.
2 Januari 2020. Piagam tersebut mengatur mengenai: The Charter regulates the following:
1. Dasar dan Tujuan Pembentukan; 1. Establishment Basis and Objective;
2. Organisasi dan Masa Kerja; 2. Organization and Period of Service;
3. Tugas dan Wewenang; 3. Duties and Authorities;
4. Rapat dan Pelaporan; serta 4. Meeting and Reporting; and
5. Anggaran. 5. Budget.
Tugas dan Tanggung Jawab Duties and Responsibilities
Komite Audit Perseroan memiliki tugas dan tanggung jawab The Company’s Audit Committee has the following duties and
atas hal-hal berikut. responsibilities.
1. Terkait Audit Internal 1. Related to Internal Audit
a. Mengkaji ulang dan menyetujui Piagam Audit Internal a. To review and approve the Internal Audit Charter;
(Internal Audit Charter);
b. Menerima rangkuman laporan yang dibuat dan b. To receive the summary report prepared and submitted
diberikan oleh Unit Internal Audit kepada Manajemen by the Internal Audit Unit to the Management and
serta tanggapan Manajemen terhadap rangkuman the Management’s response to the summary report;
laporan tersebut;
c. Mengadakan pertemuan secara rutin dengan Audit c. To conduct a regular meeting with the Internal Audit to
Internal untuk membahas temuan-temuan Audit Internal; discuss Internal Audit findings;
d. Mengkaji ulang dan memberi masukan atas Program d. To review and give input on the Annual Audit Work
Kerja Pemeriksaan Tahunan yang disusun oleh Unit Program periodically prepared by the Internal Audit Unit
Internal Audit secara berkala pada awal tahun; at the beginning of the year;
e. Mengkaji ulang aktivitas, struktur organisasi dan e. To review the activities, organization structure, and
kualifikasi personel Audit Internal untuk memastikan qualifications of Internal Audit personnel to ensure
bahwa Audit Internal dapat bekerja secara independen that the Internal Audit can work independently and
dan objektif sesuai dengan standar audit yang berlaku; objectively in line with the prevailing audit standards;
f. Melakukan penelaahan atas efektivitas fungsi audit f. To review the effectivity of the internal audit function;
internal; serta and
g. Menelaah dan memberikan saran kepada Dewan g. To review and advise the Board of Commissioners on
Komisaris terkait dengan adanya potensi benturan the potential conflict of interest in the Company.
kepentingan Perseroan.
2. Terkait Auditor Eksternal 2. Related to External Auditor
a. Memberikan rekomendasi kepada Dewan Komisaris a. To give a recommendation to the Board of Commissioners
mengenai pemilihan dan pemberhentian auditor eksternal; on the appointment and dismissal of an external auditor;
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b. Menelaah rencana audit termasuk ruang lingkup, b. To review the audit plan, including the scope,
prosedur, dan ketentuan-ketentuan audit; procedures, and provisions of the audit;
c. Memantau pembahasan temuan audit oleh auditor c. To monitor the discussion of audit findings from external
eksternal dengan Manajemen. Jika terdapat perbedaan auditor with the Management. The Audit Committee is
antara auditor eksternal dan Manajemen atas jasa yang to give an independent opinion if there is a discrepancy
diberikan, maka Komite Audit memberikan pendapat between the external auditor and the Management on
independen; serta the services provided; and
d. Melakukan penelaahan atas efektivitas pelaksanaan d. To review the effectivity of the external audit function.
fungsi audit eksternal.
3. Terkait Laporan Keuangan 3. Related to Financial Report
a. Membahas dan mendiskusikan Laporan Keuangan a. To discuss with the external auditor, the Company
Perseroan dengan auditor eksternal serta prinsip dan Financial Report, accounting practice, and principles,
praktik akuntansi dan pelaporan yang diterapkan and reporting adopted by the Company to present
Perseroan dalam menyajikan Laporan Keuangan the Financial Report to ensure its compliance with
untuk memastikan pemenuhan dari pedoman standar the prevailing financial accounting standard (PSAK);
akuntansi keuangan (PSAK) yang berlaku;
b. Mendorong agar Laporan Keuangan yang telah diaudit b. To encourage the audited Financial Report to be
untuk dilaporkan kepada Bursa Efek Indonesia atau submitted to the Indonesia Stock Exchange, Financial
Otoritas Jasa Keuangan atau institusi-institusi lainnya Services Authority, or other institutions in a timely
tepat waktu dan sesuai dengan ketentuan dalam manner and in line with the prevailing regulations; and
peraturan yang berlaku; serta
c. Mendiskusikan dengan Dewan Komisaris dan c. To discuss with the Board of Commissioners and
Manajemen mengenai informasi penting atau material the Management, important or material information to
untuk diungkapkan kepada publik, seperti pers, analis, be disclosed to the public, such as the press, analysts,
dan perusahaan peringkat. and rating agencies.
4. Menelaah kepatuhan Perseroan terhadap peraturan 4. To review the Company’s compliance with the laws and
perundang-undangan di bidang pasar modal dan peraturan regulations related to the capital market and the laws
perundang-undangan yang terkait dengan operasi and regulations related to Company’s operations, and
Perseroan dan manajemen telah melaksanakan GCG. the management’s implementation of GCG.
5. Mengkaji ulang terhadap proses identifikasi risiko dan 5. To review the risk identification process and risk management
pelaksanaan manajemen risiko yang dilakukan oleh Manajemen implementation carried out by the Management and its
dan dampaknya terhadap Laporan Keuangan serta rencana- impact on the Financial Report and plans to minimize
rencana untuk meminimalkan risiko-risiko tersebut. the risks.
6. Terkait pengaduan pihak ketiga 6. Related to third-party complaints
a. Menelaah pengaduan pihak ketiga dan meneruskannya a. To review third-party complaints and to relay
kepada pihak yang berkepentingan; the complaints to the authorized party;
b. Memantau tindak lanjut pengaduan yang berkaitan b. To monitor follow-up actions on any complaints related
dengan Perseroan; to the Company;
c. Syarat Pengaduan: c. Requirement to raise complaints:
1) Disampaikan secara tertulis; 1) Complaints are submitted in writing;
2) Jika pelapor menyebutkan identitasnya, Komite 2) The Audit Committee is obliged to conceal
Audit wajib merahasiakan jati diri pelapor; serta the reporter’s identity, if there is any; and
3) Laporan mengenai penyimpangan standar akuntansi, 3) Report on the deviation of the accounting standard,
kelemahan pengendalian internal, fraud, serta internal control weakness, fraud, and Management’s
perilaku Manajemen yang tidak terpuji yang dapat inappropriate behavior that may disrupt the Company’s
mengganggu operasi Perseroan; operations;
d. Dalam menangani pengaduan yang disampaikan pihak d. In handling the third-party complaints, the Audit
ketiga, Komite Audit dapat meminta dilakukan audit Committee may request an audit investigation to be
investigasi dengan bekerja sama dengan Manajemen, conducted by collaborating with the Management,
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Tata Kelola Perusahaan
Corporate Governance
Audit Internal, atau tenaga ahli dari luar Perseroan yang Internal Audit, or independent expert from outside
independen; serta the Company; and
e. Melaporkan hasil penelaahan kepada Dewan Komisaris e. To report the review result to the Board of Commissioners
dan memantau tidak lanjut hasil penelaahan bila diminta and to monitor the follow-up if required by the Board of
oleh Dewan Komisaris. Commissioners.
7. Tugas lainnya 7. Other duties
a. Melaksanakan tugas-tugas pengawasan lain sesuai a. To carry out other supervisory duties as required by
dengan permintaan Dewan Komisaris; the Board of Commissioners;
b. Mengkaji ulang Piagam Kerja sesuai dengan kebutuhan b. To review the Work Charter as needed and to propose
dan mengusulkan perubahannya kepada Dewan related changes for the Board of Commissioners’
Komisaris untuk mendapatkan persetujuan; approval;
c. Melakukan evaluasi terhadap kinerja Komite Audit dan c. To conduct a periodic evaluation of the performance of
para anggotanya secara berkala; serta the Audit Committee and its member; and
d. Menjaga kerahasiaan dokumen, data, dan informasi d. To maintain the confidentiality of the Company’s
Perseroan. documents, data, and information.
Selain itu, Komite Audit Perseroan dalam menjalankan tugas In carrying out its duties and responsibilities, the Company’s
dan tanggung jawabnya memiliki kewenangan untuk: Audit Committee has the authorities to:
1. Mengakses dokumen, data, dan informasi Perseroan 1. Access the Company’s documents, data, and information
tentang karyawan, dana, aset, dan sumber daya Perseroan about the Company’s employees, funds, assets, and
yang diperlukan serta berkaitan dengan pelaksanaan resources which are required and related to performing its
tugasnya; duties;
2. Melakukan komunikasi langsung dengan karyawan, 2. Communicate directly to the employee, including the Board
termasuk Direksi dan pihak yang menjalankan fungsi audit of Directors and parties performing internal audit function,
internal, manajemen risiko, dan akuntan, terkait tugas dan risk management, and accountant, related to the Audit
tanggung jawab Komite Audit; Committee duties and responsibilities;
3. Melibatkan pihak independen di luar anggota Komite Audit 3. Engage an independent party outside the Audit Committee
yang diperlukan untuk membantu pelaksanaan tugas member to assist the Committee in performing its duties
(jika diperlukan); (if required);
4. Melakukan kewenangan lain yang ditugaskan oleh Dewan 4. Perform other authorities assigned by the Board of
Komisaris; serta Commissioners; and
5. Dalam melakukan kewenangannya, Komite Audit bekerja 5. In exercising its authority, the Audit Committee collaborates
sama dengan unit-unit terkait. with other related units.
Komposisi dan Independensi Composition and Independence
Komposisi Composition
Komite Audit beranggotakan minimal 3 orang, terdiri atas The Audit Committee consists of at least 3 members, namely
seorang Komisaris Independen yang menjabat sebagai ketua one Independent Commissioner as Chairman and the remaining
serta anggota independen lainnya yang dipilih berdasarkan independent parties selected according to their competencies
kompetensi dan pengalaman di bidang akuntansi dan/atau and experience in accounting and/or finance, as well as
keuangan, serta memiliki pemahaman memadai mengenai having good knowledge about corporate governance principle.
prinsip tata kelola perusahaan. Rincian komposisi dan profil The Company’s Audit Committee composition and profile as of
Komite Audit Perseroan per 31 Desember 2025 disajikan berikut. 31 December 2025 is presented as follows.
Robinson Simbolon
Ketua Komite Audit / Audit Committee Chairman
Periode dan Dasar Pengangkatan / Period of Service and Basis of Appointment
Sejak 14 Juni 2022, berdasarkan Akta Berita Acara Rapat Umum Since 14 June 2022, based on the Deed of Minutes of the Extraordinary
Pemegang Saham Luar Biasa No. 56 tanggal 14 Juni 2022 dengan masa General Meeting of Shareholders No. 56 dated 14 June 2022, with a term
tugas tidak lebih lama dari masa jabatan Dewan Komisaris sebagaimana of office no longer than the tenure of the Board of Commissioners as
diatur dalam Anggaran Dasar. stipulated in the Articles of Association.
Profil dapat dilihat pada bagian Profil Dewan Komisaris di bab Laporan Manajemen dalam Laporan Tahunan ini.
His profile can be seen in the Board of Commissioners’ Profile under the Management Report chapter of this Annual Report.
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HALIM ALAMSYAH
Anggota Komite Audit
Audit Committee Member
Warga Negara Indonesia, berusia 68 tahun, berdomisili di Jakarta.
Indonesian Citizen, 68 years old, domiciled in Jakarta.
Riwayat Pendidikan Educational Background
Sarjana Ekonomi, jurusan Manajemen Perusahaan, Fakultas Ekonomi, Bachelor of Economics, majoring in Corporate Management, Faculty of
Universitas Islam Indonesia, Yogyakarta (1980) dan Sarjana Hukum, Economics, Universitas Islam Indonesia, Yogyakarta (1980) and Bachelor
jurusan Hukum Agraria, Fakultas Hukum, Universitas Gadjah Mada of Law, majoring in Agrarian Law, Faculty of Law, Universitas Gadjah
(1981). Kemudian, melanjutkan pendidikan Master of Arts in Development Mada (1981). Then, he continued his education with a Master of Arts in
Economics, Boston University, Massachussets (1985), dan Doktor Ilmu Development Economics, Boston University, Massachusetts (1985) and
Ekonomi, Fakultas Ekonomi, Universitas Indonesia (2008). a Doctor of Economics, Faculty of Economics, Universitas Indonesia (2008).
Riwayat Jabatan di Perseroan List of Positions Held in Company
Menjabat sebagai anggota Komite Sejak 14 Juni 2022 berdasarkan Akta Serving as a committee member since 14 June 2022, based on the Deed
Berita Acara Rapat Umum Pemegang Saham Luar Biasa No. 56 tanggal of Minutes of the Extraordinary General Meeting of Shareholders No. 56
14 Juni 2022 dengan masa tugas tidak lebih lama dari masa jabatan dated 14 June 2022, with a term of office no longer than the tenure of
Dewan Komisaris sebagaimana diatur dalam Anggaran Dasar. the Board of Commissioners as stipulated in the Articles of Association.
Pengalaman Kerja Work Experience
Memulai karier pada berbagai jabatan di Bank Indonesia, meliputi Staf He started his career in various positions at Bank Indonesia, including
Analis Kredit, Urusan Kredit Koperasi (1982-1983), berbagai jabatan di Staff of Credit Analyst, Credit Cooperative Affairs (1982-1983), multiple
Direktorat Riset Ekonomi dan Moneter (1985-2000), Dewan Redaksi positions at the Directorate of Economic and Monetary Research
Majalah “Gema Korps” (1995-1998), Kepala Biro Gubernur Bank (1985-2000), Editorial Board of “Gema Korps” Magazine (1995-1998),
Indonesia (2000-2002), Editorial Board Bulletin of Economics, Monetary, Head of Bureau of the Governor of Bank Indonesia (2000-2002), Editorial
and Banking (2000-2015), Direktur Pusat Pendidikan dan Studi Board Bulletin of Economics, Monetary, and Banking (2000-2015),
Kebanksentralan (2002), Direktur Direktorat Riset Ekonomi dan Moneter Director of the Center for Education and Central Banking Studies (2002),
(2003-2005), Direktur Direktorat Perencanaan Strategis dan Hubungan Director of the Economic and Monetary Research Directorate
Masyarakat (2005-2006), Direktur Direktorat Statistik dan Moneter (2003-2005), Director of the Strategic Planning and Public Relations
(2006-2007), Direktur Direktorat Penelitian dan Pengaturan Perbankan Directorate (2005-2006), Director of the Statistics and Monetary
Bank Indonesia (2007-2010), serta Deputi Gubernur Bidang Pengawasan Directorate (2006-2007), Director of the Banking Research and
Bank, Pengendalian Moneter, dan Perkreditan (2010-2015). Kemudian, Regulation Directorate of Bank Indonesia (2007-2010), and Deputy
menempati posisi sebagai Ketua Ikatan Sarjana Ekonomi Indonesia Governor of Bank Supervision, Monetary Control, and Credit (2010-2015).
Jakarta Raya (2010-2020) dan Ketua Dewan Komisioner Lembaga Then, he served as Chairman of the Greater Jakarta Indonesian Economic
Penjamin Simpanan (2015-2020). Bachelors Association (2010-2020) and Chairman of the Board of
Commissioners of the Deposit Insurance Corporation (2015-2020).
Rangkap Jabatan Concurrent Position
Pengurus Pusat Ikatan Sarjana Ekonomi Indonesia (sejak 2005) dan Central Board of the Indonesian Bachelor of Economics Association
Editorial Board Journal of Islamic, Monetary, Economics, and Finance (since 2005) and the Editorial Board of the Journal of Islamic, Monetary,
Bank Indonesia (sejak 2020). Economics, and Finance of Bank Indonesia (since 2020).
Hubungan Afiliasi Affiliation Relationship
Tidak memiliki hubungan keuangan, kepengurusan, dan kekeluargaan He has no financial, management, and family relationships with
dengan anggota Dewan Komisaris, Direksi, serta Pemegang Saham the members of the Board of Commissioners, Board of Directors, and
Utama dan Pengendali. Main and Controlling Shareholders.
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NURHAIDA
Anggota Komite Audit
Audit Committee Member
Warga Negara Indonesia, berusia 66 tahun, berdomisili di Jakarta.
Indonesian Citizen, 66 years old, domiciled in Jakarta.
Riwayat Pendidikan Educational Background
Sarjana Kimia Tekstil Institut Teknologi Tekstil Bandung (1985) dan Bachelor of Textile Chemistry, Institut Teknologi Tekstil Bandung (1985)
Master Business Administration Indiana University, Bloomington, United and Master Business Administration, Indiana University, Bloomington,
States (1995). United States (1995).
Riwayat Jabatan di Perseroan List of Positions Held in Company
Menjabat sebagai anggota Komite Audit sejak 27 Juni 2023 berdasarkan Served as a member of the Audit Committee since 27 June 2023,
Akta Berita Acara Rapat Umum Pemegang Saham Luar Biasa No. 130 based on the Deed of Minutes of the Extraordinary General Meeting
tanggal 27 Juni 2023 dengan masa tugas tidak lebih lama dari masa of Shareholders No. 130 dated 27 June 2023, with a term of office no
jabatan Dewan Komisaris sebagaimana diatur dalam Anggaran Dasar. longer than the tenure of the Board of Commissioners as stipulated in
the Articles of Association.
Pengalaman Kerja Work Experience
Beliau memulai karier di Badan Pengawas Pasar Modal dan Lembaga Started her career at the Capital Market and Financial Institutions
Keuangan (Bapepam-LK) melalui sejumlah jabatan (1989-2006), Supervisory Agency (Bapepam-LK) through several positions
Kepala Biro Penilaian Keuangan Perusahaan Sektor Riil (2006-2008), dan (1989-2006), Head of Real Sector Companies Financial Assessment
Kepala Biro Transaksi dan Lembaga Efek (2008-2011). Kemudian, beliau Bureau (2006-2008), and Head of Transaction Bureau and Securities
melanjutkan karier sebagai Staf Ahli Bidang Kebijakan dan Regulasi Jasa Institution (2008-2011). Then, she continued her career as Expert Staff
Keuangan dan Pasar Modal Kementerian Keuangan Republik Indonesia of Policies and Regulations of the Financial Services and Capital Market,
(2011). Selanjutnya, menjabat sebagai Pelaksana Tugas Ketua Badan Ministry of Finance of the Republic of Indonesia (2011). Next, she served
Pengawas Pasar Modal (2011), Ketua Badan Pengawas Pasar Modal as Acting Chair of the Capital Market Supervisory Agency (2011), Head
(2011-2012), Kepala Eksekutif Pengawas Pasar Modal (2012-2017), dan of Capital Market Supervisory Agency (2011-2012), Chief Executive of
Wakil Ketua Dewan Komisioner Otoritas Jasa Keuangan (2017-2022). Capital Market Supervision (2012-2017), and Deputy Chair of the Board
of Commissioners of Financial Services Authority (2017-2022).
Rangkap Jabatan Concurrent Position
Tidak memiliki rangkap jabatan di perusahaan lain. Does not have any concurrent position in other companies.
Hubungan Afiliasi Affiliation Relationship
Tidak memiliki hubungan keuangan, kepengurusan, dan kekeluargaan He has no financial, management, and family relationships with
dengan anggota Dewan Komisaris, Direksi, serta Pemegang Saham the members of the Board of Commissioners, Board of Directors, and
Utama dan Pengendali. Main and Controlling Shareholders.
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Independensi Independence
Perseroan memastikan bahwa seluruh anggota Komite Audit The Company ensures that all Audit Committee members
senantiasa menjaga independensi dalam menjalankan tugas dan consistently maintain independence in carrying out its duties
fungsinya. Pelaksanaan tugas dilakukan dengan berlandaskan and functions. The implementation of duties is based on
Kode Etik profesional serta ketentuan yang ditetapkan dalam professional Code of Ethics and the provisions stipulated in
Piagam Komite Audit. Komitmen tersebut tercermin melalui Audit Committee Charter. This commitment is reflected in
pemenuhan aspek independensi sebagaimana diuraikan the fulfilment of the following independence aspects as
berikut ini. outlined below.
Aspek Independensi Robinson Halim
Nurhaida
Independence Aspect Simbolon Alamsyah
Tidak memiliki hubungan keuangan dengan Dewan Komisaris dan Direksi.
Has no financial relationships with the Board of Commissioners and Board of Directors.
Tidak memiliki hubungan kepengurusan dengan Pemegang Saham, Entitas Anak, maupun
perusahaan afiliasi.
Has no management relationships with the Shareholders, Subsidiaries, or affiliated
companies.
Tidak memiliki hubungan kepemilikan saham di Perseroan.
Has no share ownership relationships in the Company.
Tidak memiliki hubungan keluarga dengan Dewan Komisaris, Direksi, dan/atau sesama
anggota Komite Audit.
Has no family relationships with the Board of Commissioners, Board of Directors, and/or
fellow members of the Audit Committee.
Pelaksanaan Tugas dan Tanggung Jawab Implementation of Duties and
Responsibilities
Sepanjang tahun 2025, Komite Audit menjalankan tugas dan Throughout 2025, the Audit Committee has conducted its
tanggung jawabnya dengan ruang lingkup sebagai berikut. duties and responsibilities with the following scope.
1. Mengawasi dan mengevaluasi pelaksanaan audit Laporan 1. To monitor and evaluate the implementation of Financial
Keuangan oleh kantor akuntan publik. Report audit by the public accounting firm.
2. Memberikan rekomendasi kepada Dewan Komisaris terkait 2. To provide recommendations to the Board of Commissioners
penunjukan auditor kantor akuntan publik dan akuntan related to the appointment of auditors of the public
publik. accounting firm and public accountant.
3. Melakukan evaluasi atas efektivitas fungsi Audit Internal, 3. To evaluate the effectiveness of Internal Audit function,
termasuk pembahasan temuan audit dan pelaksanaan including the discussion of audit findings and annual work
program kerja tahunan. program implementation.
4. Menelaah kepatuhan Perseroan terhadap peraturan 4. To examine the Company’s compliance with the applicable
perundang-undangan yang berlaku serta penerapan laws and regulations and the implementation of GCG
prinsip GCG. principles.
5. Memantau tindak lanjut atas temuan audit eksternal dan 5. To monitor the follow-up on findings from external and
internal yang disampaikan kepada Manajemen. internal audit submitted to the Management.
6. Menelaah pengaduan yang diterima dari pihak ketiga serta 6. To review the complaint received from the third party and
memastikan adanya tindak lanjut yang sesuai. ensure a proper follow-up.
7. Melakukan pemantauan atas proses identifikasi dan 7. To monitor the process of risk identification and
pengelolaan risiko yang berdampak terhadap kegiatan management that affecting the business activities and
usaha dan Laporan Keuangan Perseroan. the Financial Report of the Company.
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Rapat Meeting
Komite Audit mengadakan rapat secara rutin sekurang-kurangnya The Audit Committee held regular meetings, at least once every
1 kali dalam 3 bulan. Setiap keputusan diupayakan dicapai 3 months. Every decision is done using the deliberation to
melalui musyawarah mufakat, dan apabila tidak memungkinkan, reach consensus, and if it is not possible, then decision will be
ditetapkan melalui mekanisme voting. Tingkat kehadiran anggota made through voting. Following is the attendance rate of Audit
Komite Audit sepanjang tahun 2025 disajikan sebagai berikut. Committee members throughout 2025.
Tingkat Kehadiran
Nama Jabatan Total Rapat Kehadiran
Attendance Rate
Name Position Total Meeting Attendance
(%)
Ketua
Robinson Simbolon 4 4 100.00
Chairman
Anggota
Halim Alamsyah 4 4 100.00
Member
Anggota
Nurhaida 4 4 100.00
Member
Rata-Rata Kehadiran Rapat (%)
100.00
Average Meeting Attendance (%)
Agenda rapat Komite Audit pada umumnya difokuskan pada In general, Audit Committee meeting is focused on evaluation
evaluasi laporan audit internal dan eksternal, penelaahan of internal and external audit reports, reviewing financial
laporan keuangan, pemantauan kepatuhan terhadap regulasi, report, regulatory compliance monitoring, implementation
penerapan prinsip GCG, serta pengelolaan risiko. Selain itu, of GCG principle, as well as risk management. In addition,
rapat juga membahas isu-isu penting lainnya yang terkait dengan the meeting also discussed other important issues relevant to
efektivitas fungsi pengawasan dan pengendalian internal. the effectiveness of supervision and internal control function.
Pengembangan Kompetensi Competency Development
Perseroan memberikan dukungan penuh bagi Komite Audit The Company fully supports the Audit Committee to develop
dalam mengembangkan wawasan dan keahliannya, sejalan its insight and expertise, in line with evolving business demand.
dengan tuntutan perkembangan bisnis. Berbagai program Various competency development program, ranging from
pembekalan, mulai dari seminar hingga pelatihan eksternal, seminars to external trainings, were participated by members
diikuti oleh anggota Komite Audit sepanjang tahun 2025 dengan of the Audit Committee throughout 2025 with details as follows.
rincian sebagai berikut.
Nama Jabatan Program Pengembangan Kompetensi Penyelenggara Waktu dan Tempat
Name Position Competency Development Program Organizer Time and Venue
Ketua Pengembangan kompetensi dapat dilihat pada bagian Pengembangan Kompetensi Dewan Komisaris.
Robinson Simbolon
Chairman Competency development can be seen in the Competency Development of Board of Commissioners.
The 11th Indonesia Finance Association International Indonesian Finance Online, 14-15 Oktober 2025
Conference Association (IFA) Online, 14-15 October 2025
Anggota
Nurhaida Center for Risk
Member Online, 13 November 2025
Qualified Risk Governance Professional (QRGP) Management &
Online, 13 November 2025
Sustainability (CRMS)
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Komite Nominasi dan Remunerasi
Nomination and Remuneration Committee
Komite Nominasi dan Remunerasi dibentuk oleh Dewan The Board of Commissioners established the Nomination and
Komisaris sebagai bagian dari komitmen Perseroan dalam Remuneration Committee to realize Company’s commitment
penerapan prinsip GCG. Komite ini berperan mendukung Dewan in implementing GCG principles. This committee is assisting
Komisaris dalam merumuskan kebijakan nominasi dan suksesi, the Board of Commissioners in formulating the nomination
mengevaluasi sistem remunerasi, serta memastikan kebijakan and succession policy, evaluating the remuneration system,
yang ditetapkan sejalan dengan ketentuan yang berlaku dan as well as ensuring the policies are implemented in line with
kebutuhan strategis Perseroan. the applicable regulations and the Company’s strategic needs.
Pedoman Kerja Guidelines
Komite Nominasi dan Remunerasi melaksanakan tugasnya The Nomination and Remuneration Committee performs its
berdasarkan Piagam Komite Nominasi dan Remunerasi yang duties based on the Nomination and Remuneration Committee
disahkan pada 12 Juni 2020. Piagam tersebut mengatur Charter, validated on 12 June 2020. The Charter contains
mengenai: the following:
1. Pendahuluan; 1. Introduction;
2. Ketentuan Umum; serta 2. General Provisions; and
3. Kode Etik, Prosedur Kerja, dan Pelaporan. 3. Code of Ethics, Work Procedures, and Reporting.
Tugas dan Tanggung Jawab Duties and Responsibilities
Tugas dan tanggung jawab Komite Nominasi dan Remunerasi The Nomination and Remuneration Committee has the following
sebagai berikut. duties and responsibilities.
1. Terkait Fungsi Nominasi 1. Related to the Nomination Function
a. Menyusun dan memberikan rekomendasi mengenai a. Prepare and recommend the system and procedure
sistem serta prosedur pemilihan dan/atau penggantian for selecting and/or replacing members of the Board of
anggota Dewan Komisaris dan anggota Direksi kepada Commissioners and members of Board of Directors to
Dewan Komisaris untuk disampaikan kepada RUPS; the Board of Commissioners to be submitted to the GMS;
b. Memberikan rekomendasi mengenai calon anggota b. Recommend prospective members of the Board
Dewan Komisaris dan/atau calon anggota Direksi of Commissioners and/or members of the Board of
kepada Dewan Komisaris untuk disampaikan kepada Directors to the Board of Commissioners to be submitted
RUPS; to the GMS;
c. Memberikan rekomendasi mengenai pihak independen c. Recommend independent parties nominated as
yang akan menjadi anggota Komite Audit kepada member of the Audit Committee to the Board of
Dewan Komisaris; Commissioners;
d. Membantu Dewan Komisaris melakukan penilaian d. Assist the Board of Commissioners in assessing
kinerja anggota Dewan Komisaris dan/atau anggota the performance of members of the Board of
Direksi berdasarkan tolok ukur yang telah disusun Commissioners and/or members of the Board of Directors
sebagai bahan evaluasi; based on the set benchmarks as evaluation material;
e. Memberikan rekomendasi kepada Dewan Komisaris e. Recommend competency development program
mengenai program pengembangan kemampuan for members of the Board of Commissioners and/or
anggota Dewan Komisaris dan/atau Direksi; the Board of Directors to the Board of Commissioners;
f. Memberikan rekomendasi kepada Dewan Komisaris f. Provide recommendations to Board of Commissioners
mengenai: regarding:
1) Komposisi jabatan anggota Dewan Komisaris dan/ 1) Position composition of members of the Board of
atau anggota Direksi; Commissioners and/or Board of Directors;
2) Kebijakan dan kriteria yang dibutuhkan dalam 2) Policies and criteria required in the nomination
proses nominasi; serta process; and
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Tata Kelola Perusahaan
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3) Kebijakan evaluasi kinerja bagi anggota Dewan 3) Performance evaluation policy for members of
Komisaris dan/atau anggota Direksi. the Board of Commissioners and/or Board of Directors.
2. Terkait Fungsi Remunerasi 2. Related to the Remuneration Function
a. Melakukan evaluasi terhadap kebijakan remunerasi a. Conduct evaluation on the remuneration policies
yang didasarkan atas kinerja, risiko, kewajaran dengan based on performance, risk, fairness with peer groups,
peer group, sasaran dan strategi jangka panjang, long-term goals and strategies, fulfillment of reserves
pemenuhan cadangan sebagaimana diatur dalam as stipulated in laws and regulations, and potential
peraturan perundang-undangan dan potensi pendapatan future income;
pada masa yang akan datang;
b. Menyampaikan hasil evaluasi dan rekomendasi kepada b. Submit the evaluation results and recommendations to
Dewan Komisaris mengenai: the Board of Commissioners regarding:
1) Kebijakan remunerasi bagi Direksi dan Dewan 1) Remuneration policies for the Board of Directors
Komisaris untuk disampaikan kepada RUPS; and Board of Commissioners to be submitted to
the GMS;
2) Kebijakan remunerasi bagi pegawai secara 2) Remuneration policies for employees as a whole to
keseluruhan untuk disampaikan kepada Direksi; be submitted to the Board of Directors;
c. Memastikan bahwa kebijakan remunerasi telah sesuai c. Ensure that the remuneration policies comply with
dengan ketentuan yang berlaku; the applicable regulations;
d. Melakukan evaluasi secara berkala terhadap penerapan d. Conduct periodic evaluations on the implementation of
kebijakan remunerasi; serta remuneration policies; and
e. Melakukan koordinasi dengan Satuan Kerja Manajemen e. Coordinate with Risk Management Work Unit in
Risiko dalam menetapkan kebijakan remunerasi yang establishing a variable remuneration policy.
bersifat variabel.
Anggota Komite Nominasi dan Remunerasi yang memiliki Members of the Nomination and Remuneration Committee who
benturan kepentingan dengan usulan yang direkomendasikan have a conflict of interest with the recommended proposal must
wajib mengungkapkan dalam usulan yang direkomendasikan. disclose it in the recommended proposal.
Selain itu, Komite Nominasi dan Remunerasi dalam menjalankan In carrying out its duties and responsibilities, the Nomination
tugas dan tanggung jawabnya memiliki wewenang untuk: and Remuneration Committee has the authority to:
1. Memperoleh dokumen, data, dan informasi tentang 1. Obtain the required documents, data, and information about
Perseroan yang diperlukan; the Company;
2. Melakukan koordinasi dengan Human Capital Management 2. Coordinate with Human Capital Management or other work
atau unit kerja lainnya apabila diperlukan; serta units, if required; and
3. Melakukan kewenangan lain yang diberikan Dewan Komisaris 3. Perform other authorities granted by the Board of
terkait remunerasi dan nominasi. Commissioners related to remuneration and nomination.
Komposisi dan Independensi Composition and Independence
Komposisi Composition
Komite Nominasi dan Remunerasi Perseroan beranggotakan The Company’s Nomination and Remuneration Committee
3 orang, dengan seorang Komisaris Independen Perseroan consists of 3 members, chaired by the Company’s Independent
bertindak sebagai ketua. Adapun komposisi dan profil Komite Commissioner. The composition and profile of the Committee
per 31 Desember 2025 disajikan sebagai berikut. as of 31 December 2025 is presented as follows.
Robinson Simbolon
Ketua Komite Nominasi dan Remunerasi / Nomination and Remuneration Committee Chairman
Periode dan Dasar Pengangkatan / Period of Service and Basis of Appointment
Sejak 14 Juli 2020, berdasarkan Surat Penunjukan Komite Nominasi dan Since 14 July 2020, based on the Appointment Letter of the Nomination
Remunerasi PT Sinar Mas Multiartha Tbk No. 002/SK/SMMA/VII/2020 and Remuneration Committee of PT Sinar Mas Multiartha Tbk
dengan masa tugas tidak lebih lama dari masa jabatan Dewan Komisaris No. 002/SK/SMMA/VII/2020 with a term of office not to exceed the term of
sebagaimana diatur dalam Anggaran Dasar. office of the Board of Commissioners as stipulated in the Articles of Association.
Profil dapat dilihat pada bagian Profil Dewan Komisaris di bab Laporan Manajemen dalam Laporan Tahunan ini.
His profile can be seen in the Board of Commissioners’ Profile under the Management Report chapter of this Annual Report.
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INDRA WIDJAJA
Anggota Komite Nominasi dan Remunerasi
Nomination and Remuneration Committee Member
Warga Negara Indonesia, berusia 73 tahun, berdomisili di Jakarta.
Indonesian Citizen, 73 years old, domiciled in Jakarta.
Riwayat Pendidikan Educational Background
Bachelor of Commerce jurusan Industrial and Business Administration, Bachelor of Commerce in Industrial and Business Administration,
Universitas Nanyang, Singapura (1974). Nanyang University, Singapore (1974).
Riwayat Jabatan di Perseroan List of Positions Held in Company
Menjabat sebagai anggota Komite Nominasi dan Remunerasi sejak Served as a member of the Nomination and Remuneration Committee
14 Juli 2020 berdasarkan Surat Penunjukan Komite Nominasi dan since 14 July 2020 based on the Letter of Appointment of the Nomination
Remunerasi PT Sinar Mas Multiartha Tbk No. 002/SK/SMMA/VII/2020 and Remuneration Committee of PT Sinar Mas Multiartha Tbk
dengan masa tugas tidak lebih lama dari masa jabatan Dewan No. 002/SK/SMMA/VII/2020 with a term of office not to exceed the term
Komisaris sebagaimana diatur dalam Anggaran Dasar. Sebelumnya, of office of the Board of Commissioners as stipulated in the Articles of
dipercaya untuk menjadi Komisaris (1982-2001) dan Komisaris Utama Association. Previously, he was appointed as Commissioner (1982-2001)
(2001-Juni 2023). and President Commissioner (2001-June 2023).
Pengalaman Kerja Work Experience
Memulai karier profesional sebagai Direktur PT Bimoli dan PT Witikco Started his professional career as Director of PT Bimoli and PT Witikto
(1974-1982). Kemudian, dipercaya oleh PT Bank Internasional Indonesia (1974-1982). He then joined PT Bank Internasional Indonesia Tbk as Vice
Tbk untuk menjadi Wakil Presiden Direktur (1982-1989) dan Presiden President Director (1982-1989) and President Director (1989-August 1999).
Direktur (1989-Agustus 1999). Selain itu, pernah juga menduduki posisi In addition, also held key positions in several Subsidiaries, namely:
penting di beberapa Entitas Anak, yaitu Komisaris PT Asuransi Jiwa Commissioner of PT Asuransi Jiwa Sinarmas MSIG (formerly
Sinarmas MSIG (d/h PT Asuransi Eka Life) (1984-2006), Wakil Komisaris PT Asuransi Eka Life) (1984-2006), Vice President Commissioner of
Utama PT Asuransi Sinar Mas (1984-Juli 2003), Komisaris Utama PT Asuransi Sinar Mas (1984-July 2003), President Commissioner of
PT KB Insurance (1997-September 2024), Wakil Komisaris Utama PT KB Insurance (1997-September 2024), Vice President Commissioner
PT Sinartama Gunita (1999-2002), Komisaris Utama PT Sinarmas of PT Sinartama Gunita (1999-2002), President Commissioner of
Sekuritas (1999-2021), Komisaris Utama PT Asuransi Sinar Mas PT Sinarmas Sekuritas (1999-2021), President Commissioner of PT Asuransi
(Juli 2003-2004), Direktur Utama PT Asuransi Sinar Mas (2005-2013), Sinar Mas (July 2003-2004), President Director of PT Asuransi Sinar Mas
serta PT Asuransi Sinar Mas (Juli 2013-Juli 2024). (2005-2013), and PT Asuransi Sinar Mas (July 2013-July 2024).
Rangkap Jabatan Concurrent Position
Komisaris Utama di beberapa Entitas Anak, yakni PT Sinartama Gunita President Commissioner in several Subsidiaries, PT Sinartama Gunita
(sejak 2002), PT Sinar Mas Multifinance (sejak 2004), PT Asuransi (since 2002), PT Sinar Mas Multifinance (since 2004), PT Asuransi Jiwa
Jiwa Sinarmas MSIG (sejak 2007), dan PT AB Sinar Mas Multifinance Sinarmas MSIG (since 2007), PT AB Sinar Mas Multifinance (since 2009).
(sejak 2009).
Hubungan Afiliasi Affiliation Relationship
Memiliki hubungan keuangan, kepengurusan, dan kekeluargaan dengan He has financial, management, and family relationship with the member
anggota Dewan Komisaris, serta Pemegang Saham Utama dan Pengendali. of the Board of Commissioners, as well as with the Main and Controlling
Shareholders.
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HERRY HERMANA S
Anggota Komite Nominasi dan Remunerasi
Nomination and Remuneration Committee Member
Warga Negara Indonesia, berusia 69 tahun, berdomisili di Bekasi.
Indonesian Citizen, 69 years old, domiciled in Bekasi.
Riwayat Pendidikan Educational Background
Lulusan Akademi Bank Pembangunan jurusan Perbankan (1980) dan Graduated from Akademi Bank Pembangunan majoring in Banking
Sarjana Ekonomi, Universitas Kertanegara (2003). (1980) and Bachelor of Economics from Universitas Kertanegara (2003).
Riwayat Jabatan di Perseroan List of Positions Held in Company
Menjabat sebagai anggota Komite Nominasi dan Remunerasi sejak Served as Nomination and Remuneration Committee member
14 Juli 2020 berdasarkan Surat Penunjukan Komite Nominasi dan since 14 July 2020 based on the Appointment Letter of PT Sinar
Remunerasi PT Sinar Mas Multiartha Tbk No. 002/SK/SMMA/VII/2020 Mas Multiartha Tbk Nomination and Remuneration Committee
dengan masa tugas tidak lebih lama dari masa jabatan Dewan Komisaris No. 002/SK/SMMA/VII/2020 with a term of office not to exceed the term
sebagaimana diatur dalam Anggaran Dasar. Sebelumnya, beliau pernah of office of the Board of Commissioners as stipulated in the Articles of
menjabat sebagai Accounting & Tax (1989-1996). Association. Previously, he worked as Accounting & Tax (1989-1996).
Pengalaman Kerja Work Experience
Mengawali karier sebagai Staf (1981-1983), Trainer (1983-1984), dan Started his career as Staff (1981-1983), Trainer (1983-1984), and Officer
Officer (1984-1985) di PT Bank International Indonesia Tbk. Kemudian (1984-1985) at PT Bank Internasional Indonesia Tbk. Then worked as
menjabat sebagai Accounting di PT Internas Artha Leasing Co Accounting at PT Internas Artha Leasing Co (1985-1989). He has also
(1985-1989). Beliau juga pernah menjabat sebagai HR Head PT Sinar served as HR Head at PT Sinar Mas Multifinance (1996-2011).
Mas Multifinance (1996-2011).
Rangkap Jabatan Concurrent Position
Saat ini, beliau menjabat sebagai Komisaris Independen di PT Sinarmas He served as Independent Commissioner at PT Sinarmas Hana Finance
Hana Finance dan PT AB Sinar Mas Multifinance (sejak 2017). and PT AB Sinar Mas Multifinance (since 2017).
Hubungan Afiliasi Affiliation Relationship
Tidak memiliki hubungan keuangan, kepengurusan, dan kekeluargaan He has no financial, management, and family relationships with
dengan anggota Dewan Komisaris, Direksi, serta Pemegang Saham the members of the Board of Commissioners, Board of Directors, and
Utama dan Pengendali. Main and Controlling Shareholders.
Independensi Independence
Mayoritas anggota Komite Nominasi dan Remunerasi tidak The majority members of the Nomination and Remuneration
memiliki hubungan afiliasi dengan Dewan Komisaris, Direksi, Committee have no affiliation relationship with the Board of
maupun Pemegang Saham. Hanya satu anggota yang memiliki Commissioners, Board of Directors, or Shareholders. Only
hubungan afiliasi dengan Dewan Komisaris serta Pemegang one member has an affiliation relationship with the Board of
Saham Utama dan Pengendali. Meskipun demikian, seluruh Commissioners, as well as Main and Controlling Shareholders.
anggota komite tetap menjalankan tugas dan tanggung Nevertheless, all committee members are carrying out their
jawabnya secara profesional, independen, serta bebas dari duties and responsibilities professionally, independently, free
benturan kepentingan dalam mendukung penerapan tata kelola from any conflict of interest in supporting the implementation of
perusahaan yang baik. a good corporate governance.
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2025 Annual Report
Pelaksanaan Tugas dan Tanggung Jawab Implementation of Duties and
Responsibilities
Selama tahun 2025, Komite Nominasi dan Remunerasi telah In 2025, the Nomination and Remuneration Committee has
menjalankan peran utamanya dalam bidang nominasi dan carried out its main role in nomination and remuneration function.
remunerasi. Dalam bidang nominasi, komite menyampaikan In the nomination function, the Committee provided
rekomendasi kepada Dewan Komisaris terkait penunjukan dan recommendation to Board of Commissioners on the appointment
pengangkatan Direksi, setelah melakukan penelaahan atas and election of the Board of Directors, after reviewing
calon yang diusulkan. Sedangkan dalam bidang remunerasi, the proposed candidates. While in remuneration function,
komite membahas dan merumuskan usulan besaran remunerasi the Committee has discussed and formulated the proposed
untuk Dewan Komisaris dan Direksi melalui rapat internal, yang remuneration amount for the Board of Commissioners and
kemudian memperoleh persetujuan Pemegang Saham dalam Board of Directors through internal meetings, later approved
RUPS. by Shareholders at the GMS.
Rapat Meeting
Rapat Komite Nominasi dan Remunerasi dilaksanakan secara The Nomination and Remuneration Committee meeting is held
berkala, paling sedikit 1 kali setiap 4 bulan. Tingkat kehadiran regularly, at least once every 4 months. The attendance rate of
anggota komite sepanjang tahun 2025 disajikan sebagai berikut. Committee members throughout 2025 is disclosed as follows.
Tingkat Kehadiran
Nama Jabatan Total Rapat Kehadiran
Attendance Rate
Name Position Total Meeting Attendance
(%)
Ketua
Robinson Simbolon 4 4 100.00
Chairman
Anggota
Indra Widjaja 4 4 100.00
Member
Anggota
Herry Hermana S 4 4 100.00
Member
Rata-Rata Kehadiran Rapat (%)
100.00
Average Meeting Attendance (%)
Pengembangan Kompetensi Competency Development
Perseroan memberikan dukungan penuh bagi Komite The Company fully supports the Nomination and
Nominasi dan Remunerasi dalam mengembangkan wawasan Remuneration Committee to develop its insight and expertise,
dan keahliannya, sejalan dengan tuntutan perkembangan bisnis. in line with evolving business demand. Various competency
Berbagai program pembekalan, mulai dari seminar hingga development program, ranging from seminars to external
pelatihan eksternal, diikuti oleh anggota Komite Nominasi trainings, were participated by members of the Nomination
dan Remunerasi sepanjang tahun 2025 dengan rincian and Remuneration Committee throughout 2025 with details
sebagai berikut. as follows.
Nama Jabatan Program Pengembangan Kompetensi Penyelenggara Waktu dan Tempat
Name Position Competency Development Program Organizer Time and Venue
Ketua Pengembangan kompetensi dapat dilihat pada bagian Pengembangan Kompetensi Dewan Komisaris.
Robinson Simbolon
Chairman Competency development can be seen in the Competency Development of Board of Commissioners.
Asosiasi Perusahaan
Arah Kebijakan OJK Tahun 2025 dan Strategi Pembiayaan Indonesia Jakarta,
Anggota Pertumbuhan Ekonomi Pemerintah Baru (APPI) 4 Februari 2025
Indra Widjaja
Member OJK Policy Direction in 2025 and Economic Indonesian Financing Jakarta,
Growth Strategy of the New Government Companies Association 4 February 2025
(APPI)
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Tata Kelola Perusahaan
Corporate Governance
Nama Jabatan Program Pengembangan Kompetensi Penyelenggara Waktu dan Tempat
Name Position Competency Development Program Organizer Time and Venue
Asosiasi Perusahaan
Arah Kebijakan OJK Tahun 2025 dan Strategi Pembiayaan Indonesia Jakarta,
Anggota Pertumbuhan Ekonomi Pemerintah Baru (APPI) 4 Februari 2025
Herry Hermana S
Member OJK Policy Direction in 2025 and Economic Indonesian Financing Jakarta,
Growth Strategy of the New Government Companies Association 4 February 2025
(APPI)
Sekretaris Perusahaan
Corporate Secretary
Sekretaris Perusahaan merupakan organ yang mendukung The Corporate Secretary is an organ supporting the Board of
Direksi dalam memastikan keterbukaan informasi dan kepatuhan Directors in ensuring information transparency and Company
Perseroan terhadap peraturan pasar modal. Selain berfungsi compliance to capital market regulations. Other than acting as
sebagai penghubung antara Perseroan dengan pemegang a liaison between the Company and shareholders, regulators,
saham, regulator, dan pemangku kepentingan lainnya, Sekretaris and other stakeholders, the Corporate Secretary also facilitates
Perusahaan juga berperan menjaga kelancaran komunikasi communication between Company’s organs.
antar organ Perseroan.
Pedoman Kerja Guidelines
Sekretaris Perusahaan menjalankan tugas dan tanggung The Corporate Secretary performs the duties and responsibilities
jawabnya dengan berpedoman pada POJK No. 35/POJK.04/2014 by referring to POJK No. 35/POJK.04/2014 on Corporate
tentang Sekretaris Perusahaan Emiten atau Perusahaan Publik. Secretary of Issuers or Public Companies.
Tugas dan Tanggung Jawab Duties and Responsibilities
Tugas dan tanggung jawab Sekretaris Perusahaan, meliputi: The duties and responsibilities of Corporate Secretary, including:
1. Mengikuti perkembangan pasar modal, khususnya peraturan 1. Follow the development of the capital market, particularly
perundang-undangan yang berlaku di pasar modal; with the prevailing capital market laws and regulations;
2. Memberikan masukan kepada Dewan Komisaris dan Direksi 2. Provide input to the Board of Commissioners and Board of
untuk mematuhi ketentuan peraturan perundang-undangan; Directors to comply with the prevailing laws and regulations;
3. Membantu Dewan Komisaris dan Direksi dalam melaksanakan 3. To assist the Board of Commissioners and Board of
tata kelola perusahaan terkait: Directors in carrying out corporate governance related to:
a. Keterbukaan informasi kepada masyarakat; a. Information transparency to the public;
b. Penyampaian laporan kepada Otoritas Jasa Keuangan b. Timely report submission to the Financial Services
secara tepat waktu; Authority;
c. Penyelenggaraan dan dokumentasi rapat Direksi dan c. Implementation and documentation of Board of
Dewan Komisaris, serta RUPS; Directors, Board of Commissioners, and GMS meetings;
d. Pelaksanaan program orientasi perusahaan bagi Direksi d. Implementation of company’s orientation program for
dan Dewan Komisaris; serta the Board of Directors and Board of Commissioners; and
4. Menghubungkan Perseroan dengan seluruh pemangku 4. To serve as a liaison between the Company and all
kepentingan. stakeholders.
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Laporan Tahunan 2025
2025 Annual Report
Profil Sekretaris Perusahaan Corporate Secretary Profile
Perseroan menunjuk Bapak Felix sebagai Sekretaris The Company appointed Felix as the Corporate Secretary
Perusahaan sejak 3 Juli 2023 melalui Surat Keputusan Direksi since 3 July 2023 under the Board of Directors Decree
No. SK:115/SK-DIR/SMMA/VII/2023, dengan masa jabatan No. SK: 115/SK-DIR/SMMA/VII/2023, with a period of service
yang akan ditinjau berdasarkan evaluasi Direksi. Informasi to be reviewed based on Board of Directors’ evaluation. Further
lebih lanjut mengenai profil Sekretaris Perusahaan tercantum information on the Corporate Secretary profile can be seen
pada bagian Profil Direksi di bab Laporan Manajemen dalam in Board of Directors Profile section under the Management
Laporan Tahunan ini. Report chapter of this Annual Report.
Pelaksanaan Tugas dan Tanggung Jawab Implementation of Duties and
Responsibilities
Selama tahun 2025, Sekretaris Perusahaan telah melaksanakan Throughout 2025, the Corporate Secretary has conducted
tugas dan tanggung jawab yang diungkapkan sebagai berikut. the following duties and responsibilities.
1. Persiapan dan pelaksanaan RUPS. 1. Preparation and execution of GMS.
2. Penyampaian keterbukaan informasi kepada publik dan 2. Information transparency to the public and nurture good
menjalin hubungan baik dengan para Pemegang Saham, relationships with the Shareholders, regulators, business
regulator, mitra usaha, dan pemangku kepentingan lainnya. partners, and other stakeholders.
3. Review dan sosialisasi peraturan perundang-undangan dan 3. Review and dissemination of prevailing laws and regulations
peraturan pasar modal yang berlaku. and capital market regulations.
4. Melakukan Corporate Action Perseroan. 4. Conducted Corporate Action of the Company.
Program Orientasi Dewan Komisaris Orientation Program for the Board of
dan Direksi Commissioners and Board of Directors
Sekretaris Perusahaan memiliki tanggung jawab The Corporate Secretary is responsible to host the orientation
menyelenggarakan program orientasi bagi anggota Dewan program for new members of the Board of Commissioners and
Komisaris dan Direksi yang baru menjabat. Program ini bertujuan Board of Directors. This program is aimed to provide thorough
memberikan pemahaman menyeluruh mengenai kondisi internal understanding on Company’s internal condition and hosted
Perseroan dan dilaksanakan bersamaan dengan rapat gabungan in parallel with the joint meetings of the Board of Commissioners
Dewan Komisaris dan Direksi. and Board of Directors.
Pengembangan Kompetensi Competency Development
Pengembangan kompetensi yang diikuti Bapak Felix selaku Competency Development joined by Felix as the Corporate
Sekretaris Perusahaan di sepanjang tahun 2025 telah diungkapkan Secretary throughout 2025 has been disclosed in the description
pada uraian Pengembangan Kompetensi Direksi. of Competency Development of the Board of Directors.
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Tata Kelola Perusahaan
Corporate Governance
Audit Internal
Internal Audit
Audit Internal merupakan organ pendukung Direksi yang bertugas The Internal Audit Unit is a supporting organ of the Board of
memastikan efektivitas pengendalian internal, manajemen risiko, Directors in charge of ensuring the effectiveness of internal
dan kepatuhan terhadap peraturan. Fungsi ini juga mendukung control, risk management, and regulatory compliance. It also
penerapan GCG melalui pemberian rekomendasi perbaikan bagi support GCG implementation via provisions of improvement
proses operasional Perseroan. recommendation on the Company’s operational process.
Pedoman Kerja Guidelines
Perseroan telah memperbarui Piagam Audit Internal melalui The Company has updated the Internal Audit Charter based on
Keputusan No. 209A/SMMA/XII/2023 tanggal 1 Januari 2024. No. 209A/SMMA/XII/2023 dated 1 January 2024. The Internal
Piagam tersebut memuat ketentuan mengenai: Audit Charter contains the following:
1. Maksud dan tujuan; 1. Purpose and objectives;
2. Ruang lingkup kegiatan; 2. Scope of activities;
3. Struktur dan keanggotaan; 3. Structure and membership;
4. Persyaratan Auditor Internal; 4. Internal Auditor requirements;
5. Tugas dan tanggung jawab; 5. Duties and responsibilities;
6. Wewenang; 6. Authority;
7. Kemandirian fungsional; serta 7. Functional independence; and
8. Penetapan dan pembaruan piagam. 8. Establishment and updating of the charter.
Kode Etik Audit Internal Internal Audit Code of Ethics
Dalam melaksanakan perannya, Auditor Internal Perseroan dan In performing its roles, the Internal Auditor of the Company and
Entitas Anak berpedoman pada Kode Etik Auditor Internal yang Subsidiaries is referring to the Code of Ethics of the Internal
menjadi acuan perilaku profesional, sebagaimana dijabarkan Auditor as the guidance of professional conduct, as outlined in
berikut. the below table.
Prinsip-Prinsip
Principles
Integritas Integrity
Integritas yang dimiliki Auditor Internal membentuk kepercayaan sehingga The integrity of the Internal Auditor reflects a reliable trust.
dapat diandalkan.
Objektivitas Objectivity
Auditor Internal memperlihatkan tingkat objektivitas yang tertinggi dalam Internal Auditor show the highest objectivity in collecting, evaluating, and
mengumpulkan, melakukan evaluasi, dan menyampaikan informasi tentang conveying the information on the activities or processes audited. Internal
aktivitas atau proses yang diperiksa. Auditor Internal membuat penilaian Auditor makes a balanced assessment of every related condition and is not
yang seimbang atas segala kondisi yang terkait dan tidak dipengaruhi oleh influenced by own interest or other interest in making the consideration.
kepentingannya sendiri atau pihak lain dalam membuat pertimbangan.
Kerahasiaan Confidentiality
Auditor Internal menghormati nilai dan kepemilikan dari informasi yang Internal Auditor respect the value and ownership of the information
diterima dan tidak mengungkapkan informasi tersebut tanpa persetujuan received and will not disclose the information without proper approval,
yang semestinya, kecuali ada kewajiban hukum atau kewajiban profesional except when there is a legal or professional obligation that is requiring
yang mengharuskan untuk melakukan hal tersebut. to do so.
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Prinsip-Prinsip
Principles
Kompetensi Competence
Auditor Internal menggunakan pengetahuan, keterampilan, dan pengalaman Internal Auditor uses the knowledge, expertise, and experience to carry
yang diperlukan dalam melakukan tugas/jasa Audit Internal. out the duties/services.
Aturan Pelaksanaan
Rule of Conduct
Integritas Integrity
Auditor Internal seharusnya: Internal Auditor should:
• Melakukan pekerjaannya dengan jujur, tekun, dan penuh tanggung jawab; • Carry out their work honestly, diligently, and responsibly;
• Melakukan observasi atas hukum/peraturan/kebijakan yang berlaku • Observe the prevailing law/regulation/policies and make an explanation
dan membuat penjelasan yang diharapkan dari hukum/peraturan/ expected of the prevailing law/regulation/policies;
kebijakan yang berlaku tersebut;
• Tidak terlibat dalam kegiatan terlarang atau melakukan tindakan yang • Not involved in any prohibited activities or taking actions that discredit
mencemarkan nama baik profesi maupun Perseroan; serta the professions or the Company; and
• Menghormati dan memberikan kontribusi pada tujuan Perseroan yang • Respect and contribute to Company’s legitimate and ethical goals.
sah dan etis.
Objektivitas Objectivity
Auditor Internal seharusnya: Internal Auditor should:
• Tidak ikut serta dalam segala kegiatan atau hubungan yang dapat • Not involved in any activities or relations that may hinder its impartial
mengganggu dalam memberikan penilaian yang tidak memihak. assessment. Such involvement includes participation in activities or
Keikutsertaan tersebut mencakup keikutsertaan dalam kegiatan atau relations that contradict the Company’s interest;
hubungan yang bertentangan dengan kepentingan Perseroan;
• Tidak menerima apa pun yang dapat membahayakan pertimbangan • Not receiving anything that may jeopardize their professional
profesionalnya; serta consideration; and
• Mengungkapkan seluruh fakta material yang diketahuinya, yang apabila • Disclose all material facts known, which may distort the reporting of
tidak diungkapkan dapat menimbulkan distorsi atas pelaporan kegiatan audited activities, unless disclosed.
yang diperiksa.
Kerahasiaan Confidentiality
Auditor Internal seharusnya: Internal Auditor should:
• Menerapkan sifat/asas kehati-hatian (prudent) dalam menggunakan • Apply prudent principles/nature in utilizing and maintaining the
dan menjaga informasi yang diperoleh selama menjalankan tugasnya; information obtained during the assignment; and
serta
• Tidak menggunakan informasi untuk keuntungan pribadi atau dengan • Not using information for personal benefit or by any means contrary to
cara apa pun yang bertentangan dengan hukum atau merusak tujuan law or harm the Company’s legitimate and ethical goals.
Perseroan yang sah dan etis.
Kompetensi Competence
Audit Internal seharusnya: Internal Auditor should:
• Hanya terlibat dalam pemberian jasa di mana mereka memiliki • Only engage in providing services within the knowledge, expertise, and
pengetahuan, keterampilan, dan pengalaman yang dibutuhkan; experience required;
• Melaksanakan penugasan yang sesuai dengan Standar Profesional • Carry out the assignment in line with the Professional Standards of
untuk Audit Internal; serta Internal Audit; and
• Meningkatkan kemampuan profesionalnya serta efektivitas dan mutu • Constantly improve their professional capability, effectiveness, and
jasa yang diberikan secara terus-menerus. service quality provided.
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Tata Kelola Perusahaan
Corporate Governance
Struktur dan Kedudukan Structure and Position
Struktur dan kedudukan Audit Internal diungkapkan sebagai The structure and position of the Internal Audit are described
berikut. as follows.
1. Audit Internal dipimpin oleh Kepala Audit Internal dan 1. Internal Audit is led by Head of Internal Audit and consists of
minimal terdiri dari 1 Auditor Internal. at least 1 Internal Auditor.
2. Jika Audit Internal hanya memiliki 1 Auditor, Auditor yang 2. If Internal Audit only has 1 Auditor, the same Auditor will
sama akan menjabat sebagai Kepala Audit Internal. serve as the Head of Internal Audit.
3. Kepala Audit Internal diangkat dan diberhentikan oleh 3. Head of Internal Audit is appointed and dismissed by
Direktur Utama dengan persetujuan Dewan Komisaris the President Director upon approval from the Board of
sesuai dengan rekomendasi Komite Audit. Commissioners with recommendation of Audit Committee.
4. Jika Kepala Audit Internal tidak memenuhi persyaratan atau 4. If the Head of Internal Audit is ineligible of incompetent,
tidak kompeten, Direktur Utama dapat memberhentikannya the President Director can dismiss him/her upon approval
setelah mendapat persetujuan Dewan Komisaris, dengan from the Board of Commissioners, with consideration from
pertimbangan dari Komite Audit. Audit Committee.
5. Kepala Audit Internal bertanggung jawab kepada Direktur 5. The Head of Internal Audit is responsible to the President
Utama, Dewan Komisaris, dan Komite Audit. Director, Board of Commissioners, and Audit Committee.
6. Auditor Internal bertanggung jawab kepada Kepala Audit 6. The Internal Auditor is responsible to the Head of Internal
Internal. Audit.
7. Kepala Audit Internal menyampaikan laporan, termasuk 7. The Head of Internal Audit submits reports, including
pengamatan dan rekomendasi, kepada Direktur Utama, observations and recommendations, to the President
Direksi yang membidangi fungsi kepatuhan, Dewan Director, Director in charge of compliance function, Board of
Komisaris, dan Komite Audit. Commissioners, and Audit Committee.
Tugas dan Tanggung Jawab Duties and Responsibilities
Audit Internal Perseroan memiliki tugas dan tanggung jawab, The Company’s Internal Audit has the following duties and
di antaranya: responsibilities:
1. Menyusun dan melaksanakan Rencana dan Anggaran 1. Set up and implement the Annual Internal Audit Activities
Aktivitas Audit Internal Tahunan berdasarkan prioritas risiko Plan and Budget based on risk priority in line with
sesuai dengan tujuan Perseroan; the Company objective;
2. Menguji dan mengevaluasi pelaksanaan pengendalian 2. Test and evaluate the implementation of internal control
internal dan sistem manajemen risiko sesuai dengan and risk management system according to the Company’s
kebijakan Perseroan; policy;
3. Melakukan pemeriksaan dan penilaian atas efisiensi dan 3. Examine and assess the efficiency and effectivity of
efektivitas di bidang kegiatan Perseroan; the Company’s activities areas;
4. Memberikan saran perbaikan dan informasi yang objektif 4. Provide improvement suggestions and objective information
tentang kegiatan yang diperiksa pada semua tingkat on the audited activities at all levels of management and
manajemen serta membuat laporan tertulis hasil audit prepare monthly written audit results report and submit
setiap bulan dan menyampaikan laporan tersebut kepada the report to the President Director and the Board of
Direktur Utama dan Dewan Komisaris dengan tembusan Commissioners with a copy to the Audit Committee;
kepada Komite Audit;
5. Memantau, menganalisis, dan melaporkan pelaksanaan 5. Monitor, analyze, and report the implementation of follow-up
tindak lanjut perbaikan yang telah disarankan; actions of the suggested improvement;
6. Bekerja sama dan berkomunikasi langsung dengan Komite 6. Cooperate and directly communicate with the Audit
Audit; Committee;
7. Menyusun program untuk mengevaluasi mutu kegiatan 7. Prepare a program to evaluate the quality of the Internal
Audit Internal yang dilakukannya; serta Audit activities performed; and
8. Melakukan pemeriksaan khusus apabila diperlukan. 8. Conduct specific examinations if necessary.
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2025 Annual Report
Profil Audit Internal
Internal Audit Profile
BRYAN YUNGGAWIBOWO
Audit Internal
Internal Audit
Warga Negara Indonesia, berusia 26 tahun, berdomisili di Jakarta.
Indonesian Citizen, 26 years old, domiciled in Jakarta.
Riwayat Pendidikan Educational Background
Sarjana Akuntansi, Universitas Katolik Parahyangan. Bachelor of Accounting, Universitas Katolik Parahyangan.
Riwayat Jabatan di Perseroan List of Positions Held in Company
Menjabat sebagai Audit Internal sejak tahun 2026 berdasarkan Surat Served as Internal Audit since 2026, based on Board of Directors Decree
Keputusan Direksi No. SK: 080A/SMMA-DIR/IV/2026 tanggal 28 April 2026, No. SK: 080A/SMMA-DIR/IV/2026 dated 28 April 2026, with a period of
dengan masa jabatan yang akan berakhir berdasarkan hasil evaluasi Direksi. service as determined by the Board of Directors’ evaluation results.
Pengalaman Kerja Work Experience
Beliau pernah menjabat sebagai Associate 2 - (External Auditor) di KPMG He previously served as Associate 2 (External Auditor) at KPMG
Indonesia (Oktober 2021-Desember 2022), Internal Audit Officer di Indonesia (October 2021-December 2022), Internal Audit Officer at
PT Surya Semesta Internusa (Januari 2023-Maret 2023), dan Internal PT Surya Semesta Internusa (January 2023-March 2023), and Internal
Audit Officer di Fazz Financial Group (Juni 2023-September 2024). Audit Officer at Fazz Financial Group (June 2023-September 2024).
Sertifikasi Certification
Beliau memiliki sertifikasi Brevet A dan B serta ISO 27001: ISMS - He holds Brevet A and B certifications and ISO 27001: ISMS - Information
Manajemen Keamanan Informasi. Security Management.
Hubungan Afiliasi Affiliation Relationship
Tidak memiliki hubungan keuangan, kepengurusan, dan kekeluargaan Has no financial, management, and family relationships with
dengan anggota Dewan Komisaris, Direksi, serta Pemegang Saham the members of the Board of Commissioners, Board of Directors, and
Utama dan Pengendali. Main and Controlling Shareholders.
Pelaksanaan Tugas dan Tanggung Jawab Implementation of Duties and
Responsibilities
Audit Internal sepanjang tahun 2025 melaksanakan tugas dan The Internal Audit has conducted the following duties and
tanggung jawabnya sebagai berikut. responsibilities throughout 2025.
1. Menyusun dan melaksanakan rencana audit internal 1. Prepare and implement the annual internal audit plan.
tahunan.
2. Mengevaluasi dan menguji sistem pengendalian internal, 2. Evaluate and test the internal control system, risk
sistem manajemen risiko, dan kepatuhan terhadap peraturan management system, and compliance with laws and
perundang-undangan. regulations.
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Tata Kelola Perusahaan
Corporate Governance
3. Mengevaluasi dan menguji efektivitas dan efisiensi di 3. Evaluate and test the effectiveness and efficiency in
bidang keuangan, akuntansi, operasional, sumber daya the area of finance, accounting, operational, human
manusia, pemasaran, teknologi informasi, dan kegiatan resources, marketing, information technology, and other
Perseroan lainnya. activities of the Company.
Pengembangan Kompetensi Competency Development
Perseroan memberikan dukungan penuh bagi Audit Internal The Company fully supports the Internal Audit to develop its
dalam mengembangkan wawasan dan keahliannya, sejalan insight and expertise, in line with evolving business demand.
dengan tuntutan perkembangan bisnis. Berbagai program Various competency development program, ranging from
pembekalan, mulai dari seminar hingga pelatihan eksternal, seminars to external trainings, were participated by members of
diikuti oleh anggota Audit Internal sepanjang tahun 2025 the Internal Audit throughout 2025 with details as follows.
dengan rincian sebagai berikut.
Program Pengembangan Kompetensi Penyelenggara Waktu dan Tempat
Competency Development Program Organizer Time and Venue
Otoritas Jasa Keuangan Online, 19 Agustus 2025
Risk & Governance Summit 2025
Financial Services Authority Online, 19 August 2025
Central of Environmental,
Social, and Governance Online, 19 September 2025
IFRS S2 Governance: The Strategic Role of ESG Committees
Studies (CESGS) Online, 19 September 2025
Universitas Airlangga
Sustainable Stock Exchange Online,23 September 2025
ISSB: Applying the IFRS Sustainability Disclosure Standard
Initiative Online,23 September 2025
Indonesia Personal Data Protection Regulations (PDP) Implementation Jakarta, 7 Oktober 2025
QRC Solution
Workshop Jakarta, 7 October 2025
Sistem Pengendalian Internal
Internal Control System
Sistem Pengendalian Internal (SPI) merupakan instrumen Internal Control System (ICS) is an important part supporting
penting dalam mendukung penerapan GCG. Melalui SPI, the GCG implementation. Through ICS, the Company ensures
Perseroan memastikan bahwa proses bisnis berjalan efektif that the business process is running effectively and efficiently,
dan efisien, Laporan Keuangan andal, serta seluruh aktivitas reliable Finance Report, and all activities comply with applicable
mematuhi peraturan yang berlaku. Pelaksanaannya diawasi oleh regulations. Its implementation is supervised by the Board of
Direksi dan Dewan Komisaris untuk menjamin keberlangsungan Commissioners and Board of Directors, to ensure continuous
mekanisme pengawasan yang seimbang. and balance supervisory mechanism.
Lingkungan Pengendalian Areas of Control
Lingkungan pengendalian mencerminkan komitmen, nilai, dan Areas of control reflected the commitment, values, and examples
keteladanan yang ditunjukkan oleh Direksi dan Dewan Komisaris shown by the Board of Directors and Board of Commissioners
dalam memastikan efektivitas pengendalian operasional Perseroan. in ensuring the effectiveness of Company’s operational control.
Untuk mendukung penerapan sistem pengendalian internal yang In supporting the implementation of an effective internal control
efektif, Perseroan membangun serta memelihara lingkungan system, the Company is creating and maintaining areas of
pengendalian yang mendorong perilaku positif melalui: control that encourages positive behavior through:
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1. Integritas dan nilai-nilai etika yang tertanam dalam Budaya 1. Integrity and ethical values embedded in the Company’s
Perseroan; Culture;
2. Komitmen terhadap kompetensi; 2. Commitment to competence;
3. Peran dan pengaruh Dewan Komisaris serta Komite Audit; 3. Role and influence of the Board of Directors and Audit
Committee;
4. Filosofi Manajemen dan kultur operasi Perseroan; 4. Management philosophy and the Company’s operational
culture;
5. Struktur Perseroan yang mampu memberikan kejelasan 5. Structure of the Company that reflects clear authorities and
wewenang dan tanggung jawab dengan baik; responsibilities;
6. Budaya dan aturan yang sehat dalam mekanisme penetapan 6. Sound culture and rules in determining the authorities and
otoritas serta tanggung jawab; responsibilities;
7. Kebijakan dan praktik yang sehat di bidang sumber daya 7. Sound human resources policies and practices; and
manusia; serta
8. Pengaruh faktor-faktor eksternal Perseroan. 8. The impact of the Company’s external factors.
Implementasi Sistem Pengendalian Implementation of Internal Control
Internal System
Sistem Pengendalian Internal Perseroan diimplementasikan The Company’s Internal Control System is implemented through
melalui koordinasi antara Direksi, Audit Internal, dan coordination between the Board of Directors, Internal Audit, and
pengawasan Dewan Komisaris. Direksi, dengan dukungan Board of Commissioners’ supervision. The Board of Directors,
Audit Internal, bertanggung jawab dalam memastikan kebijakan supported by Internal Audit, is responsible to ensure business
usaha, tata kelola risiko, strategi, pendelegasian wewenang, policies, risk management governance, strategies, delegation
serta kebijakan akuntansi dijalankan secara efektif. Sementara of authorities, and accounting policies are running effectively.
itu, Dewan Komisaris, melalui Komite Audit, menekankan fungsi Meanwhile, Board of Commissioners, through Audit Committee,
pengawasan dengan menilai kewajaran laporan keuangan serta focus on the supervision function by assessing the fairness of
kecukupan sistem pengendalian risiko. financial report and adequacy of risk management system.
Tinjauan Efektivitas Sistem Pengendalian Overview on the Effectivity of the Internal
Internal Control System
Efektivitas sistem pengendalian internal Perseroan ditinjau The effectivity of Company’s internal control system is
secara berkala melalui pengawasan berkelanjutan yang regularly evaluated through continuous supervision conducted
dilakukan oleh Direksi bersama Audit Internal. Proses evaluasi by the Board of Directors and Internal Audit. The evaluation
menggunakan metode gap analysis untuk mengidentifikasi is using the gap analysis method to identify the gap between
kesenjangan antara kebijakan yang ditetapkan dengan praktik the policies in place and the ongoing operational practices.
operasional yang berjalan. Temuan dari evaluasi tersebut Results from the evaluation are used as basis for improvement
menjadi dasar bagi rekomendasi perbaikan yang harus segera recommendations to be followed up, to ensure that the internal
ditindaklanjuti agar sistem pengendalian tetap andal dalam control system remains reliable in supporting the business
mendukung keberlangsungan usaha. continuation.
Pernyataan Dewan Komisaris dan Direksi Board of Commissioners and Board of
atas Kecukupan Sistem Pengendalian Directors Statement on the Adequacy of
Internal Internal Control System
Dewan Komisaris dan Direksi, melalui hasil evaluasi atas The Board of Commissioners and Board of Directors, based
laporan Audit Internal tahun 2025, menyatakan keyakinannya on the evaluation results of the 2025 Internal Audit report,
bahwa sistem pengendalian internal Perseroan telah berjalan are confident that the Company’s Internal Control System is
baik dan efektif dalam mendukung perlindungan kepentingan running well and effectively to protect the Company’s interests.
perusahaan. Lebih lanjut, Dewan Komisaris dan Direksi juga Further, the Board of Commissioners and Board of Directors
memberikan arahan serta rekomendasi guna memastikan also provided directives and recommendations to ensure
sistem tersebut terus ditingkatkan dan tetap selaras dengan the system remained to be improved and stay aligned with
kebutuhan bisnis ke depan. future business needs.
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Tata Kelola Perusahaan
Corporate Governance
Sistem Manajemen Risiko [POJK.51-E.3]
Risk Management System
Setiap aktivitas bisnis Perseroan berpotensi menghadapi Every business activity conducted by the Company has
risiko dari faktor internal maupun eksternal. Untuk melindungi the potential to face risk from either internal or external factor.
kepentingan perusahaan dan pemangku kepentingan, Perseroan To protect the interests of the company and its stakeholders,
membangun sistem manajemen risiko yang komprehensif the Company is building a comprehensive risk management
melalui tahapan identifikasi, pengukuran, pemantauan, dan system through the process of identifying, measuring, monitoring
mitigasi, yang dilaksanakan secara konsisten sesuai prinsip and mitigating, carried out consistently in accordance with
kehati-hatian dan GCG. prudence and GCG principles.
Profil Risiko Risk Profile
Perseroan menghadapi berbagai risiko pada aspek ekonomi, The Company faces various risk on the economic, social, and
sosial, dan lingkungan. Manajemen telah mengidentifikasi environmental aspects. The Management has identified these
potensi risiko tersebut serta menyiapkan strategi mitigasi yang risk potentials and prepared the corresponding mitigation
sesuai, yang diuraikan lebih lanjut sebagai berikut. strategies, as outlined further in the below table.
Risiko Ekonomi
Economic Risks
Risiko Suku Bunga
Interest Rate Risk
Indikasi Timbul dari kredit, simpanan dan simpanan dari bank lain, serta pinjaman yang diterima. Kredit, simpanan dan simpanan dari bank
lain dan pinjaman yang diterima dengan suku bunga mengambang mengakibatkan timbulnya risiko suku bunga arus kas terhadap
Perseroan. Aset keuangan dan liabilitas keuangan dengan suku bunga tetap mengakibatkan timbulnya risiko nilai wajar suku bunga
terhadap Perseroan.
Indication Arises from credit and deposits placed at other banks, and the loans received. Credit and deposits placed at other banks and
the loans received at a floating interest rate create an interest rate risk to the Company’s cash flows. Financial assets and financial
liabilities with fixed interest rates lead to a fair value interest rate risk to the Company.
Mitigasi Menganalisis eksposur suku bunga secara dinamis. Berbagai skenario disimulasikan dengan mempertimbangkan pembiayaan
kembali, pembaruan posisi yang ada, serta alternatif pembiayaan. Bagi setiap simulasi, pergerakan suku bunga yang sama
digunakan untuk seluruh mata uang. Berdasarkan skenario ini, Perseroan menghitung dampak laba atau rugi dari pergerakan suku
bunga. Skenario-skenario tersebut dilakukan hanya untuk liabilitas yang mewakili posisi utama yang dikenakan bunga.
Mitigation Dynamically analyzing interest rate exposure. Various scenarios are simulated by considering refinancing, updating the existing
positions, and financing alternatives. In each simulation, the movement of the same interest rate is used for all currencies. From
this scenario, the Company calculates the profit or loss impact of the interest rate movement. Such scenarios are applied only for
liabilities representing the interest-bearing main position.
Risiko Harga
Price Risk
Indikasi Perseroan terpengaruh risiko harga efek ekuitas dan efek utang karena memiliki investasi yang diklasifikasikan sebagai tersedia
untuk dijual atau diukur pada nilai wajar melalui Laporan Laba Rugi dalam Laporan Posisi Keuangan Konsolidasian.
Indication The Company is affected by the price risks of equity and debt securities as it owns investment classified as available for sale or
measured on fair value through the Profit or Loss Statement in the Consolidated Statement of Financial Position.
Mitigasi Melakukan diversifikasi portofolio yang sesuai dengan batasan yang ditentukan oleh Perseroan untuk mengelola risiko harga yang
timbul dari investasi efek ekuitas. Sementara untuk mengelola risiko harga yang timbul dari investasi pada surat berharga utang,
Perseroan melakukan analisa terkait besaran bunga kupon yang ditawarkan dengan tingkat imbal hasil yang diharapkan oleh pasar.
Mitigation Diversify the portfolio in line with the limit set by the Company to manage price risk that arises from the investment in equity
securities. Meanwhile, to manage the price risk that arises from the investment in debt notes, the Company is analyzing the coupon
rate offered against the return expected by the market.
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Risiko Kredit
Credit Risk
Indikasi Timbul dari nasabah atau pihak lawan akibat gagal memenuhi liabilitas kontraktualnya.
Indication Arises from the customers or opposite party due to their failure to fulfill the contractual liabilities.
Mitigasi Melakukan hubungan usaha dengan pihak lain yang memiliki kredibilitas, menganalisis risiko nasabah baru sebelum persyaratan
pembayaran dan distribusi ditawarkan, menetapkan kebijakan verifikasi dan otorisasi kredit, serta memantau kolektibilitas pinjaman
yang diberikan dan piutang secara berkala untuk mengurangi jumlah piutang tak tertagih.
Mitigation Conducting business relations with credible parties, analyzing risk of the new customer before offering terms of payment and
distribution, establishing credit verification and authorization policy, and regularly monitoring the collectability of loans given and
receivables to reduce the number of bad debts.
Risiko Likuiditas
Liquidity Risk
Indikasi Risiko kerugian yang timbul karena Perseroan tidak memiliki likuiditas yang cukup untuk memenuhi liabilitasnya.
Indication The risk of loss that arises as the Company does not have sufficient liquidity to meet its liabilities.
Mitigasi Memantau dan menjaga jumlah kas dan setara kas yang dianggap memadai untuk membiayai operasional Perseroan dan untuk
mengatasi dampak fluktuasi arus kas. Manajemen juga melakukan evaluasi berkala atas proyeksi arus kas dan arus kas aktual,
termasuk jadwal jatuh tempo utang, dan terus-menerus melakukan penelaahan pasar keuangan untuk mendapatkan sumber
pendanaan yang optimal.
Mitigation Monitor and maintain the amount of cash and cash equivalents deemed adequate to finance the Company’s operations and to
address the impact of cash flow fluctuations. Management also conducts a periodic evaluation of cash flow projection and actual
cash flow, including debt maturity schedule, and continuously review the financial market to get an optimal source of fund.
Risiko Strategis
Strategic Risk
Indikasi Timbul akibat ketidaktepatan Perseroan dalam pengambilan dan/atau pelaksanaan suatu keputusan strategis sehingga tidak
tercapainya target yang disusun dalam rencana bisnis.
Indication Arises from the Company’s inaccuracy in making and/or implementing a strategic decision, causing the targets set out in
the business plan are not achieved.
Mitigasi Menyusun strategi dan rencana bisnis yang sebelumnya telah didiskusikan dengan Dewan Komisaris, Direksi serta seluruh
Manajemen Perseroan. Perseroan juga melakukan kajian dan evaluasi strategi bisnis serta realisasi yang telah dicapai oleh Perseroan
sesuai dengan yang terangkum dalam rencana bisnis.
Mitigation Monitor and maintain the amount of cash and cash equivalents deemed adequate to finance the Company’s operations and to
address the impact of cash flow fluctuations. Management also conducts a periodic evaluation of cash flow projection and actual
cash flow, including debt maturity schedule, and continuously review the financial market to get an optimal source of fund.
Risiko Operasional
Operational Risk
Indikasi Timbul akibat ketidakcukupan dan/atau tidak berfungsinya proses internal, kesalahan manusia, kegagalan sistem, dan/atau adanya
kejadian-kejadian eksternal yang mempengaruhi operasional Perseroan.
Indication Arises from inadequate and/or non-functioning internal processes, human errors, system failures, and/or external events affecting
the Company’s operations.
Mitigasi Mengelola risiko ini melalui model tata kelola risiko operasional dengan memberikan tata kelola yang formal, transparan, dan
konsisten yang secara jelas menegaskan tugas dan tanggung jawab serta alur pelaporan untuk mengelola risiko operasional dalam
Perseroan secara efektif. Model tata kelola bertujuan untuk menempatkan akuntabilitas terhadap risiko operasional yang mungkin
timbul serta pada saat yang bersamaan memfasilitasi pemisahan tugas secara independen antara risk taking units, unit pengendali
risiko, dan Audit Internal.
Mitigation Managing this risk via operational risk governance model by providing formal, transparent, and consistent governance that clearly
defines the duties, responsibilities, and reporting flow to manage the Company’s operational risk effectively. The objective of the
governance model is to have accountability on the operational risk that may arise while facilitating independent segregation of duties
between risk-taking unit, risk control unit, and Internal Audit.
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Tata Kelola Perusahaan
Corporate Governance
Risiko dalam Bidang Pembiayaan
Risk in Financing
Indikasi Timbul seiring dengan menurunnya kondisi ekonomi suatu negara.
Indication Arise in conjunction with the decline in a country’s economic conditions.
Mitigasi Peningkatan dan pengetatan prosedur untuk pembiayaan serta melakukan due diligence yang lebih mendalam untuk mencegah
terjadinya gagal bayar pada pembiayaan yang dituju yang dilakukan oleh Entitas Anak.
Mitigation Enhancement and tightening of financing procedures, as well as conducting more thorough due diligence, to prevent defaults on
financing directed by the Subsidiaries.
Risiko dalam Bidang Asuransi
Risk in Insurance
Indikasi Timbul akibat adanya ketidakpastian peristiwa yang dapat menyebabkan kerugian finansial, serta ketidakseimbangan antara risiko
dan premi.
Indication Arises due to the uncertainty of events that can lead to financial losses, as well as the imbalance between risk and premiums.
Mitigasi Menggunakan metode strategi dan analisis khusus dalam proses seleksi risiko dalam menawarkan program asuransi, penetapan
premi, penggunaan reasuransi, dan/atau penanganan klaim. Agar strategi dan analisis ini berjalan dengan baik di berbagai tingkat,
Entitas Anak berkomunikasi secara rutin terhadap perkembangan ekonomi serta perilaku konsumen. Komunikasi rutin ini membantu
Entitas Anak untuk menetapkan strategi ke depan baik jangka pendek maupun jangka panjang.
Mitigation Utilizing specialized strategy and analysis methods in the risk selection process when offering insurance programs, determining
premiums, utilizing reinsurance, and/or handling claims. To ensure the effectiveness of these strategies and analyses across various
levels, the Subsidiary Entity communicates regularly regarding economic developments and consumer behavior. This routine
communication assists the Subsidiary Entity in establishing future strategies both in the short and long term.
Risiko dalam Bidang Pasar Modal dan Administrasi Pasar Modal
Risk in Capital Market and Capital Market Administration
Indikasi Timbul karena terjadinya pelanggaran regulasi pasar modal dan ketidakmampuan memenuhi persyaratan pelaporan keuangan.
Indication Arises due to violations of capital market regulations and inability to meet financial reporting requirements.
Mitigasi Menerima masukan dan kritik dari nasabah yang selanjutnya ditindaklanjuti oleh Entitas Anak sebagai aksi untuk memperbaiki
sistem yang sudah ada. Perbaikan sistem pada biro administrasi efek (BAE) serta peningkatan kualitas pelayanan menjadi kunci
utama untuk mempertahankan nasabah.
Mitigation Receiving feedback and criticism from customers, which is then followed up by the Subsidiary as an action to improve the existing
system. System improvement at the securities administration bureau (BAE) and service quality improvement are the main keys to
retaining customers.
Risiko Pendanaan
Financing Risk
Indikasi Timbul akibat menurunnya kondisi ekonomi.
Indication Arising from declining economic conditions.
Mitigasi Meningkatkan kemampuan untuk menganalisa dan menciptakan strategi untuk mengidentifikasi potensi aset yang dapat diberikan
pendanaan. Dengan jajaran Direksi dan Komisaris yang berpengalaman serta komunikasi rutin yang dilakukan oleh Entitas Anak,
ketidaksesuaian pendanaan dapat diminimalisir.
Mitigation Improving the ability to analyze and devise strategies to identify potential assets for financing. With an experienced Board of
Directors and Board of Commissioners, as well as regular communication conducted by the Subsidiaries, financing discrepancies
can be minimized.
Risiko Perubahan Teknologi
Technology Change Risk
Indikasi Timbul apabila perusahaan tidak mampu beradaptasi dengan perubahan teknologi.
Indication Arising when a company fails to adapt to technological changes.
Mitigasi Mengikuti perkembangan sistem yang ada, Perseroan yakin dapat mengikuti perkembangan jaman dan kemampuan Perseroan
untuk beradaptasi dengan cepat.
Mitigation By keeping up with the existing systems, the Company believes it can keep pace with the times and its ability to adapt quickly.
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Risiko Kebijakan Investasi
Investment Policy Risk
Indikasi Potensi kerugian atau ketidakpastian yang timbul dari keputusan atau kebijakan yang diambil dalam proses investasi.
Indication The potential loss or uncertainty arising from decisions or policies made in the investment process.
Mitigasi Melaksanakan kegiatan investasi dengan transparan, terukur, konsisten, dan diversifikasi. Hal ini bertujuan untuk mengurangi
risiko terkait kebijakan investasi dengan mempertimbangkan berbagai aspek yang relevan.
Mitigation Implementing investment activities transparently, measurably, consistently, and diversifying. This aims to reduce investment
policy-related risks by considering various relevant aspects.
Risiko Sistemik dan Kecukupan Modal
Systemic Risk and Capital Adequacy
Indikasi Risiko sistemik dan kecukupan modal timbul akibat keterkaitan antara entitas di sektor jasa keuangan, baik dalam bentuk kepemilikan
silang, eksposur investasi, maupun transaksi derivatif. Kondisi tersebut dapat menyebabkan transmisi risiko apabila terjadi tekanan
pada salah satu entitas yang berdampak terhadap stabilitas keuangan secara keseluruhan. Selain itu, fluktuasi pasar, perubahan
suku bunga, serta penurunan nilai aset juga berpotensi mempengaruhi tingkat kecukupan modal Perseroan dan Entitas Anak.
Indication The systemic risk and capital adequacy arise from the interrelation between entities in the financial sector, either through
cross-ownership, investment exposure, or derivative transactions. These conditions may lead to risk transmission if one entity
experienced a stress that affects the overall financial stability. In addition, market fluctuations, changes in interest rates, and declining
asset values may also impact the capital adequacy level of the Company and its Subsidiaries.
Mitigasi Menerapkan kebijakan manajemen risiko terintegrasi yang mengacu pada prinsip kehati-hatian, dengan memastikan likuiditas,
leverage, dan permodalan berada pada tingkat yang memadai sesuai dengan ketentuan regulator. Perseroan juga melakukan stress
testing secara berkala untuk menilai ketahanan modal terhadap berbagai skenario pasar serta mengoptimalkan struktur permodalan
untuk menjaga keseimbangan antara pertumbuhan bisnis dan stabilitas keuangan.
Mitigation Implement an integrated risk management policies by referring to the prudence princniple, by ensuring liquidity, leverage, and capital
are in adequate level in line with regulatory requirements. The Company also conduct regular stress tersting to asses the capital
resilience under various market scenarios and optimizes the capital structure to maintain the balance between business growth and
financial stability.
Risiko Sosial
Social Risks
Kegagalan Penerapan Prinsip Keuangan Berkelanjutan di Internal Perseroan
Failure to Implement the Sustainable Finance Principles in the Company’s Internal
Indikasi Terjadi akibat rendahnya pemahaman terkait keuangan berkelanjutan yang dimiliki oleh karyawan Perseroan.
Indication Arises from the low understanding of sustainable finances by the Company’s employees.
Mitigasi Mengikutsertakan karyawan dalam kegiatan pelatihan terkait keuangan berkelanjutan, baik yang diselenggarakan oleh internal
maupun eksternal Perseroan.
Mitigation Involving the employees in sustainable finance-related training activities held either internally or externally by the Company.
Risiko Hukum
Legal Risk
Indikasi Timbul akibat dari kelalaian atas perjanjian yang mengikat Perseroan atau pelanggaran yang dilakukan oleh Perseroan terhadap peraturan
perundang-undangan yang berlaku, sehingga menimbulkan gugatan hukum dari pihak-pihak yang terikat dalam perjanjian tersebut.
Indication Arises as a result of negligence over the agreement binding the Company or violations done by the Company against the prevailing
laws and regulations, leading to lawsuits from the parties bound in such agreement.
Mitigasi Melaksanakan identifikasi, pengukuran, dan pemantauan terhadap potensi risiko hukum dilaksanakan terhadap seluruh aktivitas
Perseroan dan Entitas Anak, terutama kegiatan operasional Perseroan, dengan melibatkan pihak ketiga yang memiliki potensi
benturan kepentingan atau gugatan hukum. Perseroan melakukan manajemen risiko hukum dengan melakukan penanganan proses
hukum secara profesional dan jika diperlukan membuat pencadangan potensi biaya kerugian.
Mitigation Identifying, measuring, and monitoring any potential legal risk are applied to all activities of the Company and its Subsidiaries,
particularly the Company’s operational activities involving a third party with a potential conflict of interest or lawsuit. The Company
manages its legal risk by handling any legal process professionally and, if necessary, reserves funds for potential loss expenses.
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Tata Kelola Perusahaan
Corporate Governance
Risiko Reputasi
Reputation Risk
Indikasi Timbul karena adanya pemberitaan media dan/atau rumor mengenai Perseroan dan Entitas Anak akibat tidak menjalankan usaha
yang sesuai dengan prinsip keberlanjutan.
Indication Arises from media reports and/or rumors about the Company and its Subsidiaries as a result of failing to run a business in line with
the sustainability principles.
Mitigasi Meminimalisir dan/atau menghindari pelanggaran terhadap ketentuan yang berlaku.
Mitigation Minimizing and/or avoiding violation of the prevailing provisions.
Risiko Kelangkaan Sumber Daya Manusia (SDM)
Human Resources (HR) Resource Scarcity Risk
Indikasi Timbul apabila Perseroan kekurangan tenaga kerja yang terampil dan profesional di bidang keuangan.
Indication Arising when the Company faces a shortage of skilled and professional workforce in the financial field.
Mitigasi Menerapkan strategi perencanaan tenaga kerja jangka panjang untuk mengantisipasi kebutuhan SDM di masa depan serta
meningkatkan retensi karyawan dengan menyediakan program pengembangan karier dan insentif yang menarik. Selain itu,
diversifikasi sumber rekrutmen dan peningkatan pelatihan berkelanjutan bagi karyawan juga dapat membantu mengurangi
ketergantungan pada satu sumber rekrutmen serta meningkatkan keterampilan yang sesuai dengan kebutuhan Perseroan, sehingga
Perseroan dapat memastikan kelancaran operasional dalam menawarkan produk dan layanan keuangan kepada nasabah.
Mitigation Implementing long-term workforce planning strategies to anticipate future HR needs and enhance employee retention by providing
career development programs and attractive incentives. Additionally, diversifying recruitment sources and enhancing continuous
training for employees can also help reduce reliance on a single recruitment source and enhance skills aligned with the Company’s
needs, ensuring smooth operations in offering financial products and services to customers.
Risiko Lingkungan
Environmental Risk
Pembiayaan terhadap Kegiatan Usaha yang Tidak Bertanggung Jawab
Financing of Irresponsible Business Activities
Indikasi Pembiayaan terhadap kegiatan usaha yang tidak bertanggung jawab dapat merusak reputasi Perseroan dan Entitas Anak serta
keberlanjutan ekosistem lingkungan hidup.
Indication Financing irresponsible business activities may damage the reputation of the Company and its Subsidiaries, as well as
the sustainability of the environmental ecosystem.
Mitigasi Menginstruksikan kepada seluruh Entitas Anak yang bergerak di bidang perbankan dan pembiayaan untuk menyusun persyaratan
minimum terhadap penyaluran kredit pada kegiatan usaha yang terkait langsung dengan lingkungan, seperti kelengkapan dokumen
Analisis Dampak Lingkungan (AMDAL) dan Program Penilaian Peringkat Kerja Perusahaan (PROPER).
Mitigation Instruct all Subsidiaries engaged in banking and financing to prepare minimum lending requirements for business activities directly
linked to the environment, such as the completeness of the Environmental Impact Analysis (AMDAL) document and the Company
Work Rating Assessment Program (PROPER).
Risiko Iklim dan Lingkungan
Climate and Environmental Risk
Indikasi Risiko iklim dan lingkungan timbul akibat perubahan kondisi cuaca ekstrem, peningkatan suhu global, dan degradasi lingkungan
yang dapat mempengaruhi nilai aset, kegiatan operasional, serta stabilitas portofolio investasi Perseroan dan entitas anak. Risiko ini
mencakup risiko fisik, seperti bencana alam yang berdampak pada aset dan kegiatan usaha, serta risiko transisi, yang muncul dari
perubahan kebijakan, regulasi, atau teknologi menuju ekonomi rendah karbon.
Indication Climate and environmental risk arise from changes in extreme weather conditions, rising global temperature and environmental
degradation affecting the value of assets, operational activities, as well as investment portfolio’s stability of the Company and its
subsidiaries. These risks include physical risk such as natural disaster impacting assets and business activities, as well as transition
risk from changes in policies, regulations, or technology toward low-carbon economy.
Mitigasi Menerapkan prinsip kehati-hatian (prudential principles) dalam pengelolaan portofolio investasi serta memperkuat integrasi risiko
iklim ke dalam kerangka Enterprise Risk Management (ERM). Perseroan juga melakukan identifikasi dan pemantauan berkala
terhadap eksposur risiko iklim pada aset keuangan dan kegiatan operasional. Selain itu, dilakukan pengembangan kebijakan
keberlanjutan dan koordinasi lintas entitas untuk memastikan kesiapan menghadapi perubahan regulasi serta peluang investasi
hijau di masa depan.
Mitigation Implementing the prudential principles in investment portfolio management and strengthen the climate risk integration in
the Enterprise Risk Management (ERM) framework. The Company also regularly identify and monitor the climate risk exposure
on financial assets and operational activities. Also, sustainability policies and cross-entity coordination are developed to ensure
readiness in facing regulatory changes as well as capturing future green investment opportunity.
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Tinjauan Efektivitas Sistem Manajemen Overview on the Effectivity of Risk
Risiko Management System
Audit Internal berperan dalam mengawasi sekaligus Internal Audit plays a role in supervising and evaluating
mengevaluasi kecukupan dan efektivitas penerapan sistem the adequacy and effectiveness of risk management system
manajemen risiko di lingkungan Perseroan. Evaluasi dilakukan implementation in the Company. The evaluation is conducted
melalui: through:
1. Memantau, meninjau, dan menilai pelaksanaan manajemen 1. Monitor, review, and evaluate the risk management
risiko di seluruh lini bisnis; implementation in all businesses;
2. Mengoordinasikan serta melakukan pembahasan risiko 2. Coordinate and discuss the risk management with relevant
dengan unit terkait; units;
3. Menyusun laporan analisis risiko dan kepatuhan secara 3. Prepare risk analysis and compliance reports regularly to be
berkala untuk disampaikan kepada Direksi dan Dewan submitted to Board of Directors and Board of Commissioners
Komisaris melalui Komite Audit; serta through Audit Committee; and
4. Menyediakan data dan rekomendasi perbaikan guna 4. Provide improvement data and recommendation to support
mendukung pengembangan berkelanjutan proses the continuous development of the risk management.
manajemen risiko.
Dengan demikian, hasil tinjauan Audit Internal menjadi dasar Accordingly, results of Internal Audit review serve as a basis
bagi manajemen dan organ pengawas dalam memastikan for the management and supervisory organs in ensuring
sistem manajemen risiko berjalan efektif dalam melindungi the risk management system is running effectively in protecting
kepentingan Perseroan dan pemangku kepentingan. the interests of the Company and its stakeholders.
Pernyataan Dewan Komisaris dan Direksi Board of Commissioners and Board of
atas Kecukupan Sistem Manajemen Directors on the Adequacy of Internal
Risiko Control System
Berdasarkan hasil penelaahan, Dewan Komisaris dan Direksi Based on the review results, the Board of Commissioners and
menyatakan bahwa sistem manajemen risiko Perseroan Board of Directors consider the Company’s risk management
sepanjang tahun 2024 telah berjalan secara memadai dan system has been implemented adequately and effectively
efektif. Seluruh potensi risiko yang teridentifikasi telah dikelola throughout 2024. All risk potentials identified have been well
dengan baik melalui langkah-langkah mitigasi yang tepat, managed through proper mitigation measures, thus enable
sehingga mampu mendukung kelangsungan dan stabilitas to support the sustainability and stability of the Company
usaha Perseroan. Dewan Komisaris dan Direksi juga menekankan business. Board of Commissioners and Board of Directors also
pentingnya peningkatan berkelanjutan agar sistem manajemen stressed the importance of continuous improvement to allow
risiko senantiasa relevan dan adaptif terhadap dinamika usaha the risk management system to remain relevant and adaptive to
di masa mendatang. the future business dynamics.
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Tata Kelola Perusahaan
Corporate Governance
Tata Kelola Teknologi Informasi
Information Technology Governance
Perkembangan teknologi yang begitu cepat menuntut Perseroan The rapid technological advances demanded the Company
untuk terus beradaptasi dalam pengelolaan sistem informasi. to keep on adapting its information system management.
Sebagai respons, Perseroan mengembangkan digitalisasi As a response, the Company has been developing
yang terintegrasi dan berdaya mandiri, serta bekerja sama an integrated and independent digitalization, as well as
dengan konsultan eksternal untuk memperkuat efisiensi collaborating with external consultants to strengthen business
operasional sekaligus meningkatkan kompetensi karyawan dalam effectiveness and improve employee capabilities in utilizing
pemanfaatan teknologi. the technology.
Kode Etik [ESG-G.07]
Code of Ethics
Untuk memastikan seluruh karyawan menjalankan tugas To ensure that all employees carry out their duties and
dan tanggung jawabnya secara profesional, Perseroan telah responsibilities professionally, the Company has established
menetapkan pedoman perilaku yang dituangkan dalam Kode a behavior guidance in the Code of Ethics and Code of Conduct.
Etik dan Pedoman Tingkah Laku. Isi pedoman mencakup: Included in this guidance are as follows:
1. Tanggung Jawab kepada Perseroan; 1. Responsibility to Company;
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Laporan Tahunan 2025
2025 Annual Report
2. Tanggung Jawab kepada Tempat Kerja; 2. Responsibility at Work;
3. Mewakili Perseroan dan Pihak Luar Lainnya; 3. Representing the Company and Other External Parties;
4. Kerahasiaan; 4. Confidentiality;
5. Kegiatan Investasi; serta 5. Investment Activities; and
6. Kepatuhan pada Peraturan. 6. Compliance with Regulations.
Pernyataan Kode Etik Berlaku bagi Statement that Code of Ethics Applies to
Anggota Direksi, Anggota Dewan Members of the Board of Directors,
Komisaris, dan Karyawan Board of Commissioners, and Employees
Kode Etik dan Pedoman Tingkah Laku Perseroan berlaku bagi The Company’s Code of Ethics and Code of Conduct applies
seluruh insan Perseroan, meliputi Dewan Komisaris, Direksi, to all Company personnel, from the Board of Commissioners,
karyawan, serta pihak lain yang memiliki keterkaitan dengan Board of Directors, employees, and other individuals related to
kegiatan usaha Perseroan. the Company’s business.
Sosialisasi Kode Etik Dissemination of Code of Ethics
Kode Etik dan Pedoman Tingkah Laku Perseroan disosialisasikan The Company’s Code of Ethics and Code of Conduct have been
kepada karyawan sejak hari pertama bergabung, dengan socialized to employees when they first joining the Company,
memanfaatkan berbagai saluran komunikasi yang mudah by utilizing various easily accessible communication
dijangkau. Media yang digunakan meliputi situs web internal, channels. The media used include internal website, company
majalah perusahaan, buku saku, spanduk, buletin, dan pernyataan magazines, pocketbooks, banners, newsletters, and commitment
komitmen. statements.
Penerapan dan Penegakan Kode Etik Code of Ethics Implementation and
Enforcement
Perseroan berkomitmen untuk menjalankan serta menegakkan The Company is committed to implement and enforce the Code
Kode Etik dan Pedoman Tingkah Laku dalam setiap aktivitas of Ethics and Code of Conduct in every business activity.
bisnis. Adapun ketentuan implementasi Kode Etik dan Pedoman The conditions related to the Code of Ethics and Code of
Tingkah Laku dijelaskan sebagai berikut. Conduct implementation are outlined as follows.
1. Seluruh karyawan Perseroan diwajibkan secara tertulis 1. All of the Company’s employees are required to sign
untuk menandatangani pernyataan kepatuhan terhadap a written statement of compliance with the Code of Ethics
Kode Etik dan Pedoman Tingkah Laku. and Code of Conduct.
2. Setiap pelanggaran Kode Etik dan Pedoman Tingkah Laku 2. Every violation of the Code of Ethics and Code of Conduct
akan diberikan sanksi sesuai dengan ketentuan yang will be subject to sanction in accordance with the prevailing
berlaku berupa pemutusan hubungan kerja, denda, dan provisions, such as termination of work, penalty, and
hukuman pidana. Terkait hal ini, karyawan yang melihat criminal punishment. In this regard, any employee who sees
atau menjadi saksi dalam sebuah pelanggaran Kode Etik or witnesses any violation of the Code of Ethics or Code of
dan Pedoman Tingkah Laku, diharapkan untuk segera Conduct is expected to report it immediately.
melaporkan tindakan penyimpangan tersebut.
3. Karyawan Perseroan yang memberikan keteladanan terhadap 3. The employee who has set examples by applying
Kode Etik dan Pedoman Tingkah Laku akan diberikan the Code of Ethics and Code of Conduct will be rewarded in
penghargaan sesuai kebijakan penghargaan berupa insentif line with the reward policy in the form of incentives or other
atau apresiasi lainnya. appreciation.
Laporan Pelanggaran Kode Etik Code of Ethics Violation Report
Sepanjang tahun 2025, tidak terdapat laporan pelanggaran Kode In 2025, there was no report of violations of the Code of Ethics
Etik dan Pedoman Tingkah Laku yang dilakukan oleh Dewan and Code of Conduct, committed by Board of Commissioners,
Komisaris, Direksi, Manajemen, maupun karyawan Perseroan. Board of Directors, Management, or employees of the Company.
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Tata Kelola Perusahaan
Corporate Governance
Budaya Perusahaan
Corporate Culture
Perseroan menetapkan nilai-nilai perusahaan sebagai landasan The Company establishes corporate values as a basis of
perilaku dan pedoman dalam mencapai pertumbuhan conduct and guidelines in achieving a sustainable growth.
berkelanjutan. Nilai-nilai utama tersebut meliputi: The core values comprise of:
1. Integritas; 1. Integrity;
2. Sikap Positif; 2. Positive attitude;
3. Komitmen; 3. Commitment;
4. Loyalitas; 4. Loyalty;
5. Inovasi; serta 5. Innovation; and
6. Peningkatan yang Berkelanjutan. 6. Continuous Improvement.
Nilai-nilai ini menjadi bagian dari Budaya Keberlanjutan yang These core values are part of Sustainability Culture introduced
diperkenalkan sejak awal karyawan bergabung, serta terus to the employees when they initially joining the Company, and
disosialisasikan melalui berbagai kegiatan agar tertanam dalam are socialized through various activities to be embedded within
budaya organisasi. the organizational culture.
Pengendalian Gratifikasi dan Anti-Korupsi [ESG-G.07]
Gratification Control and Anti-Corruption
Untuk mencegah terjadinya praktik korupsi, balas jasa In preventing practices of corruption, kickbacks, fraud, or
(kickbacks), penipuan, suap, maupun gratifikasi, Perseroan gratification, the Company has established gratification and
telah menetapkan kebijakan pengendalian gratifikasi dan anti- anti-corruption control policies. These policies are prepared
korupsi. Kebijakan ini disusun dengan mengacu pada peraturan by referring to the laws and regulations, as well as the Code of
perundang-undangan serta Kode Etik dan Pedoman Tingkah Ethics and Code of Conduct, and disseminated to all employees
Laku, dan disosialisasikan kepada seluruh karyawan melalui via presentation by the superiors of each work unit in each
pimpinan unit kerja masing-masing divisi. division.
Pemberian Dana untuk Kegiatan Politik
Funding of Political Activities
Selama tahun 2025, Perseroan memastikan tidak ada dana yang Throughout 2025, the Company ensures no fund is allocated
dialokasikan atau diberikan untuk mendukung kegiatan politik or provided to support any form of political activities.
dalam bentuk apa pun. Hal ini merupakan bagian dari komitmen This is a part of the Company’s commitment to maintain
Perseroan untuk senantiasa menjaga netralitas, independensi, its neutrality, independence, and integrity in its business
dan integritas dalam operasional usaha. operations.
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Perkara Penting dan Sanksi Administratif
Significant Cases and Administrative Sanction
Pada tahun 2025, tidak terdapat perkara hukum ataupun sanksi In 2025, there was no legal case or administrative sanction,
administratif, baik dalam ranah perdata maupun pidana, yang either civil or criminal, imposed on the Company, its Subsidiaries,
dikenakan kepada Perseroan, Entitas Anak, maupun jajaran or the Board of Commissioners and Board of Directors.
Dewan Komisaris dan Direksi.
Larangan Transaksi Orang Dalam [ESG-G.08]
Prohibition of Insider Trading
Perseroan menjunjung tinggi prinsip keterbukaan dan keadilan The Company upholds the transparency and fairness principles
dalam pengelolaan informasi material. Oleh karena itu, setiap in the management of material information. Thus, any party with
pihak yang memiliki akses terhadap informasi material yang access to unpublished material information, including the Board
belum dipublikasikan, termasuk Direksi, Dewan Komisaris, dan of Directors, Board of Commissioners, and certain employees,
karyawan tertentu, dilarang melakukan transaksi atas efek are prohibited to commit any transaction involving Company’s
Perseroan hingga informasi tersebut diumumkan secara resmi securities until the official public disclosure of such information.
kepada publik. Perseroan berkomitmen memastikan kesetaraan The Company is committed to ensure equal treatment for all
perlakuan bagi seluruh Pemegang Saham, termasuk dalam Shareholders, including in terms of access to information. Any
akses informasi. Segala bentuk penyalahgunaan informasi orang form of misuse of insider information are considered against
dalam dipandang bertentangan dengan prinsip tata kelola yang the good corporate governance principle and may be subject
baik dan dapat dikenai sanksi sesuai peraturan yang berlaku. to penalties in accordance with the applicable regulations.
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Tata Kelola Perusahaan
Corporate Governance
Penanganan Benturan Kepentingan [ESG-G.09]
Conflicts of Interest Handling
Perseroan berkomitmen menjalankan kegiatan usaha secara The Company is committed to carry out its business activities
transparan, profesional, dan berintegritas, dengan memastikan transparently, professionally, and with integrity, by ensuring that
setiap keputusan didasarkan pada kepentingan terbaik every decision is based on the best interests of the Company
Perseroan dan Pemegang Saham. Seluruh pihak yang terlibat and its Shareholders. All parties involved in the decision-making,
dalam pengambilan keputusan, termasuk Dewan Komisaris, including the Board of Commissioners, Board of Directors, and
Direksi, maupun karyawan, didorong untuk menghindari potensi employees, are encouraged to avoid any potential of conflicts of
benturan kepentingan serta mengelola kepentingan pribadi interest, as well as managing their personal interests responsibly
secara bertanggung jawab dengan melaporkannya kepada and to report it to the authorities.
pihak berwenang.
Perseroan juga menegakkan prinsip keterbukaan dan akuntabilitas The Company also uphold the principles of openness and
dalam setiap transaksi bisnis agar kebijakan dan keputusan accountability in every business transaction to ensure that all of
operasional tetap sesuai dengan peraturan yang berlaku serta the policies and operational decisions remain in accordance with
tidak menimbulkan keuntungan pribadi yang tidak sah. Untuk applicable regulations and not leading in improper personal gain.
mendukung hal ini, Perseroan mengembangkan budaya In support of this measure, the Company continues developing
kepatuhan melalui sosialisasi dan pemahaman berkelanjutan a culture of compliance through continuous dissemination
kepada karyawan mengenai pentingnya pencegahan benturan and awareness activities for employees on the importance of
kepentingan dalam setiap aspek pekerjaan. conflicts of interest prevention in every aspect of their work.
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Sistem Pelaporan Pelanggaran
Whistleblowing System
Sebagai wujud komitmen terhadap integritas dan kepatuhan, As a commitment to integrity and compliance, the Company
Perseroan menyediakan sistem pelaporan pelanggaran provides a whistleblowing system (WBS). This mechanism
(whistleblowing system/WBS). Mekanisme ini memungkinkan receives any report on indication of fraud, bribery or any other
pelaporan atas indikasi kecurangan, penyuapan, atau bentuk form of violation, with guaranteed confidentiality and protection
pelanggaran lainnya, dengan jaminan kerahasiaan serta for the whistleblower. With this system in place, the Company
perlindungan bagi pelapor. Melalui sistem ini, Perseroan is building the culture of openness and accountability across
membangun budaya keterbukaan dan akuntabilitas di seluruh the organization.
lini organisasi.
Ruang Lingkup dan Media Pelaporan Scope and Reporting Media of Violation
Pelanggaran yang dapat dilaporkan melalui WBS mencakup: Violation that can be reported via WBS includes:
1. Penyimpangan dari peraturan dan perundangan yang berlaku; 1. Violation of the prevailing laws and regulations;
2. Penyalahgunaan jabatan untuk kepentingan lain di luar 2. Abuse of power for other interest outside the Company;
Perseroan;
3. Pemerasan; 3. Blackmail;
4. Benturan kepentingan; serta 4. Conflict of interest; and
5. Gratifikasi. 5. Gratification.
Laporan dapat diajukan melalui surat dan e-mail. Pengaduan Report can be submitted via letter and email. Reports of
terkait dugaan pelanggaran akan ditindaklanjuti oleh Direksi suspected violations will be followed up by Board of Directors,
U.P. Fraud Detection, Investigation, and Litigation Team (FDILT). and Fraud Detection, Investigation, and Litigation Team (FDILT).
Perlindungan bagi Pelapor Protection for Whistleblower
Perseroan memastikan perlindungan bagi setiap individu yang The Company ensures protection for anyone submitting
menyampaikan laporan dugaan kecurangan. Bentuk perlindungan the report of alleged violation. The protection include
tersebut mencakup kerahasiaan identitas serta informasi yang confidentiality of the identity and information submitted, as well
diberikan, sekaligus jaminan bebas dari ancaman, intimidasi, as protection against any threat, intimidation, and discrimination
maupun perlakuan diskriminatif di tempat kerja. at work.
Pengelola dan Penanganan Pelaporan Managing and Handling Reporting
Setiap dugaan pelanggaran hukum di lingkungan Perseroan Any alleged violation within the Company will be followed up by
ditindaklanjuti melalui Tim FDILT sesuai ketentuan yang berlaku. FDILT Team in line with prevailing regulations. The team will verify
Tim ini bertugas melakukan verifikasi dan investigasi atas laporan and investigate the violation report received, then report the result
penyimpangan, lalu menyampaikan hasil beserta rekomendasi and the recommendation to the Board of Commissioners and/or
kepada Dewan Komisaris dan/atau Direksi, termasuk usulan Board of Directors, alongside proposed actions on coaching,
pembinaan, sanksi disiplin, maupun tindakan perbaikan. Keputusan disciplinary sanction or improvement. Final decision will be
akhir ditetapkan sesuai hasil evaluasi dan kebijakan Perseroan. made based on the evaluation results and Company policies.
Laporan Pelanggaran dan Tindak Lanjutnya Violation Report and Follow Up
Selama tahun 2025, Perseroan beserta Entitas Anak memastikan Throughout 2025, the Company and its Subsidiaries ensure
tidak ada pengaduan yang masuk terkait pelanggaran yang there was no complaint received related to any violation
berdampak pada individu maupun kegiatan usaha. affecting individuals or business activities.
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Laporan
Keberlanjutan
Sustainability Report
6
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Sustainability Report
Tata Kelola Keberlanjutan
Sustainability Governance
Komitmen Keberlanjutan Sustainability Commitment
Perseroan secara konsisten memperkuat peran strategisnya The Company consistently strengthens its strategic
dalam membangun budaya keberlanjutan dan menciptakan role in fostering a culture of sustainability and creating
dampak positif di bidang ekonomi, sosial, dan lingkungan. a positive impact in the economic, social, and environmental
Komitmen tersebut diwujudkan melalui penerapan aspects. This commitment is manifested through
prinsip-prinsip keberlanjutan secara menyeluruh dalam strategi the comprehensive implementation of sustainability principles
bisnis, operasional, serta budaya kerja, sehingga memberikan in its business strategy, operations, and work culture, thereby
nilai tambah berkelanjutan bagi seluruh pemangku kepentingan. delivering continuous added value to all stakeholders.
[POJK.51-F.1] [POJK.51-F.1]
Pengelola Keberlanjutan [POJK.51-E.1] Sustainability Manager [POJK.51-E.1]
Pengelolaan keberlanjutan di Perseroan dijalankan melalui peran Sustainability management within the Company is carried
masing-masing organ perusahaan. Setiap organ memiliki tugas out through the roles of each corporate organ. Each organ
dan tanggung jawab yang berbeda namun saling melengkapi, has distinct yet complementary duties and responsibilities to
guna memastikan penerapan prinsip ekonomi, sosial, dan ensure the consistent implementation of economic, social, and
lingkungan berjalan konsisten di seluruh kegiatan usaha. environmental principles across all business activities.
Organ Perseroan Tugas dan Tanggung Jawab terkait Keberlanjutan
Company Organ Duties and Responsibilities related to Sustainability
Mengawasi pengelolaan risiko ekonomi, sosial, dan lingkungan dalam pengambilan keputusan strategis
Dewan Komisaris dan operasional.
Board of Commissioners Supervise the management of economic, social, and environmental risks in strategic and operational
decision-making.
Direksi Memastikan aktivitas bisnis yang sehat yang telah mempertimbangkan dampak sosial dan lingkungan.
Board of Directors Ensure healthy business activities that take into account social and environmental impacts.
Komite Audit Mendukung peran Dewan Komisaris dalam melakukan pengawasan.
Audit Committee Support the role of the Board of Commissioners in supervising.
Audit Internal Memastikan pengelolaan risiko keberlanjutan pada aktivitas bisnis.
Internal Audit Ensure the management of sustainability risks in business activities.
Unit Lain di Bawah Direksi Menerapkan prinsip keberlanjutan ekonomi, sosial, dan lingkungan sesuai bidang tugasnya.
Other Units Under the Board of Directors Apply the principles of economic, social, and environmental sustainability according to their field of work.
Pengembangan Kompetensi terkait Aspek Competency Development related to
Keberlanjutan [POJK.51-E.2] Sustainability Aspects [POJK.51-E.2]
Perseroan bersama Entitas Anak secara konsisten The Company, together with its Subsidiaries, consistently
menyelenggarakan program pengembangan kompetensi untuk conducts competency development programs to enhance
meningkatkan pemahaman seluruh organ perusahaan mengenai the understanding of all corporate organs regarding
aspek keberlanjutan. Pada tahun 2025, program ini dilaksanakan sustainability aspects. In 2025, these programs were effectively
secara efektif melalui berbagai media pembelajaran, antara lain implemented through various learning media, including digital
platform digital, jurnal, dan kanal YouTube. platforms, journals, and the YouTube channel.
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Tantangan Penerapan Challenges of Implementing
Prinsip Keberlanjutan [POJK.51-E.5] Sustainability Principles [POJK.51-E.5]
Perseroan bersama Entitas Anak menyadari adanya berbagai The Company, together with its Subsidiaries, recognizes various
tantangan dalam penerapan prinsip keberlanjutan, baik yang challenges in the implementation of sustainability principles,
bersumber dari faktor internal maupun eksternal. Untuk arising from both internal and external factors. To address these
menjawab tantangan tersebut, Perseroan telah menyiapkan challenges, the Company has prepared a well-directed strategy
strategi yang terarah sebagaimana diuraikan pada tabel berikut. as outlined in the following table.
Tantangan Strategi
Challenges Strategies
Internal Perseroan / Company Internal
Mengikutsertakan seluruh karyawan, khususnya penanggung jawab
Keterbatasan kemampuan karyawan dalam memahami dan pengelolaan aspek keberlanjutan, dalam berbagai program pengembangan
mengembangkan pengelolaan aspek keberlanjutan. kompetensi terkait keberlanjutan.
Limited employee’s ability to understand and develop the management Involving all employees, especially those in charge of managing the
of sustainability aspects. sustainability aspect, in various competency development programs
related to sustainability.
Eksternal Perseroan / Company External
• Menganalisis kesesuaian aktivitas operasional dengan kebijakan
pemerintah terkait keberlanjutan.
Perubahan kebijakan dan peraturan pemerintah mempengaruhi • Mengelola dampak yang ditimbulkan dari aktivitas bisnis dengan baik
aktivitas bisnis yang dijalankan. dan efektif.
Changes in government policies and regulations affecting • Analyzing the suitability of operational activities with government
the business activities conducted. policies related to sustainability.
• Managing the impacts arising from business activities properly and
effectively.
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Aspek Sosial
Social Aspect
Perseroan berkomitmen menciptakan kontribusi sosial yang The Company is committed to creating sustainable social
berkelanjutan bagi seluruh pemangku kepentingan, baik contributions for all stakeholders, both internal (employees)
internal (karyawan) maupun eksternal (nasabah, masyarakat, and external (customers, communities, and business partners).
dan mitra usaha). Setiap aktivitas bisnis diarahkan tidak hanya Every business activity is directed not only to deliver immediate
untuk memberi manfaat langsung, tetapi juga untuk mendukung benefits but also to support the long-term improvement of
peningkatan kesejahteraan sosial dalam jangka panjang. social welfare.
Aspek Ketenagakerjaan, Kesehatan, dan Employment, Occupational Health, and
Keselamatan Kerja Safety Aspects
Kesetaraan Gender dan Kesempatan Kerja Gender Equality and Employment Opportunity
[POJK.51-F.18] [ESG-S.01, S.02, S.09] [POJK.51-F.18] [ESG-S.01, S.02, S.09]
Dalam rangka menciptakan lingkungan kerja yang inklusif In creating an inclusive and equitable work environment,
dan adil, Perseroan berkomitmen terhadap kesetaraan gender the Company is committed to gender equality by:
dengan cara:
1. Mengedepankan perlakuan yang adil terhadap seluruh 1. Prioritizing fair treatment to all employees, regardless of
karyawan, tanpa memandang jenis kelamin, ras, suku, gender, race, ethnicity, religion, ethnic group, or political
agama, etnis, maupun kecenderungan politik, terutama interest, particularly in terms of career development; and
dalam hal pengembangan karier; serta
2. Memberikan kesempatan kepada karyawan perempuan 2. Providing the opportunity for female employees to hold
untuk menduduki berbagai posisi dan jabatan strategis. various strategic positions.
Perseroan juga menunjukkan komitmennya terhadap kesetaraan The Company also demonstrates its commitment to gender
gender melalui proses rekrutmen dan pengelolaan SDM yang equality through recruitment and HR management processes
bebas dari intervensi, sebagaimana tercermin dalam komposisi that are free from interference, as reflected in the following
karyawan berikut. employee composition.
Pria Wanita
Male Female
Level Jabatan Persentase Persentase
Position Level Karyawan Karyawan
Total Karyawan Total Karyawan
Percentage of Percentage of
Total Employees Total Employees
Employees Employees
(%) (%)
Entry-Level 24 64.86 13 35.14
Mid-Level 5 62.50 3 37.50
Senior-Level 2 50.00 2 50.00
Executive-Level 9 81.82 2 18.18
Total Karyawan
40 66.67 20 33.33
Total Employees
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Komposisi Karyawan menurut Usia dan Level Jabatan di Tahun 2025
Employee Composition by Age and Position Level in 2025
Level Jabatan
Position Level Total
Usia Karyawan
Entry-Level Mid-Level Senior-Level Executive-Level
Age Total
Pria Wanita Pria Wanita Pria Wanita Pria Wanita Employees
Male Female Male Female Male Female Male Female
18-24 Tahun
2 - - - - - - - 2
18-24 Years Old
25-34 Tahun
17 13 3 2 - - - - 35
25-34 Years Old
35-44 Tahun
1 - 1 - 1 - 3 2 8
35-44 Years Old
45-54 Tahun
2 - 1 - 1 - 1 - 5
45-54 Years Old
>55 Tahun
2 - - 1 - 2 5 - 10
>55 Years Old
Perseroan menjamin hak karyawan wanita sesuai ketentuan The Company ensures the rights of female employees in
peraturan ketenagakerjaan, termasuk cuti melahirkan selama accordance with labor regulations, including 90 days of
90 hari dan fasilitas waktu laktasi. Selain itu, Perseroan juga maternity leave and lactation time facilities. In addition,
menerapkan mekanisme pelaporan pelanggaran sebagai the Company has implemented a reporting mechanism as
langkah preventif untuk mencegah potensi pelecehan seksual a preventive measure to mitigate potential sexual harassment
maupun tindakan diskriminasi di lingkungan kerja. [ESG-S.08] and discriminatory actions in the workplace. [ESG-S.08]
Tenaga Kerja Anak dan Tenaga Kerja Paksa Child Labor and Forced Labor [POJK.51-F.19] [ESG-S.10]
[POJK.51-F.19] [ESG-S.10]
Perseroan bersama Entitas Anak mematuhi ketentuan The Company, together with its Subsidiaries, complies with
ketenagakerjaan dengan tidak mempekerjakan tenaga kerja labor regulations by not employing workers under the age
di bawah usia 18 tahun serta memastikan bebas dari praktik of 18 and ensuring the absence of forced labor practices.
kerja paksa. Komitmen ini diwujudkan melalui penerapan This commitment is realized through the implementation of
ketentuan jam kerja maksimal 40 jam per minggu sesuai a maximum working hour provision of 40 hours per week in
peraturan yang berlaku. accordance with applicable regulations.
Pelatihan dan Pengembangan Kemampuan Employee Training and Capacity Development
Karyawan [POJK.51-F.22] [ESG-S.05] [POJK.51-F.22] [ESG-S.05]
Perseroan bersama Entitas Anak secara konsisten The Company, together with its Subsidiaries, consistently
menyelenggarakan program pelatihan dan pengembangan conducts continuous training and development programs to
berkelanjutan guna meningkatkan kompetensi karyawan. enhance employee competencies. These programs are carried
Program ini dilaksanakan melalui berbagai metode, baik internal out through various methods, both internal and external,
maupun eksternal, termasuk pembelajaran mandiri dengan including self-directed learning utilizing diverse media.
memanfaatkan beragam media.
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Upah Minimum Karyawan [POJK.51-F.20] Employee Minimum Wage [POJK.51-F.20]
Sebagai bentuk penghargaan atas kontribusi karyawan, As a form of appreciation for employee contributions,
Perseroan bersama Entitas Anak memberikan upah sesuai the Company, together with its Subsidiaries, provides wages in
kebijakan internal dan ketentuan Upah Minimum Provinsi (UMP). accordance with internal policies and the Provincial Minimum
Pada tahun 2025, Perseroan membayarkan upah minimum bagi Wage (UMP) regulations. In 2025, the Company paid a minimum
karyawan level terendah sebesar Rp5.396.761,-, sejalan dengan wage for the lowest employee level amounting to Rp5,396,761,
UMP DKI Jakarta yang berlaku pada periode tersebut. in line with the applicable DKI Jakarta UMP for the period.
Kejadian Pelanggaran HAM [ESG-S.07] Human Rights Violation [ESG-S.07]
Perseroan bersama Entitas Anak senantiasa mematuhi The Company, together with its Subsidiaries, consistently
kebijakan Hak Asasi Manusia (HAM). Sepanjang tahun 2025, complies with the Human Rights (HAM) policy. Throughout
tidak ditemukan laporan pelanggaran HAM di lingkungan 2025, no reports of Human Rights violations were identified
Perseroan maupun Entitas Anak, yang mencerminkan komitmen within the Company or its Subsidiaries, reflecting the Company’s
Perseroan terhadap penerapan prinsip-prinsip HAM dalam commitment to implementing Human Rights principles across
seluruh aktivitas usaha. all business activities.
Lingkungan Kerja yang Layak dan Aman Decent and Safe Work Environment
[POJK.51-F.21] [ESG-S.11] [POJK.51-F.21] [ESG-S.11]
Perseroan bersama Entitas Anak secara konsisten menciptakan The Company, together with its Subsidiaries, consistently fosters
lingkungan kerja yang aman dan layak melalui berbagai inisiatif a safe and proper work environment through various safety
keselamatan, seperti penyediaan alat pemadam api ringan initiatives, such as providing fire extinguishers, emergency
(APAR), tombol darurat (fire alarms), jalur evakuasi, serta buttons (fire alarms), evacuation routes, and first aid kits to
fasilitas kotak P3K untuk mendukung respons cepat dalam support quick response in emergency situations. In addition,
kondisi darurat. Selain itu, Perseroan juga mengutamakan aspek the Company prioritizes occupational health by providing
kesehatan kerja dengan menyediakan fasilitas asuransi melalui insurance facilities through Indonesia’s National Health Insurance
BPJS Kesehatan serta menyelenggarakan program edukatif, (BPJS Kesehatan) and organizing educational programs
seperti Health Talk dan Health Corner oleh PT Sinarmas such as Health Talk and Health Corner by PT Sinarmas Asset
Asset Management, guna meningkatkan kesadaran karyawan Management to raise employee awareness of the importance of
terhadap pentingnya kesehatan di tempat kerja. health in the workplace.
Tingkat Kecelakaan Kerja [ESG-S.06] Work Accident Rate [ESG-S.06]
Perseroan bersama Entitas Anak menyadari adanya risiko The Company, together with its Subsidiaries, recognizes
kecelakaan kerja di lingkungan operasional. Sebagai langkah the potential risk of workplace accidents within its operational
antisipasi, Perseroan secara rutin melakukan sosialisasi environment. As a preventive measure, the Company regularly
pencegahan kecelakaan kerja melalui berbagai media internal, conducts workplace accident prevention awareness programs
seperti TV Broadcasting, E-mail Broadcasting, dan saluran through various internal media, such as TV Broadcasting, E-mail
komunikasi lainnya. Sepanjang tahun 2025, Perseroan dan Broadcasting, and other communication channels. Throughout
Entitas Anak berhasil mempertahankan catatan zero accident 2025, the Company and its Subsidiaries successfully maintained
sebagai bukti komitmen terhadap keselamatan kerja. a zero-accident record as evidence of their commitment to
occupational safety.
Sarana Pengaduan Masalah Ketenagakerjaan Employment Dispute Management
Sebagai wujud komitmen menciptakan lingkungan kerja yang As a manifestation of its commitment to creating a healthy
sehat dan adil, Perseroan menyediakan saluran pengaduan and equitable work environment, the Company provides
bagi karyawan untuk menyampaikan keluhan atau masukan a grievance channel for employees to submit complaints or
terkait ketenagakerjaan, kesehatan, dan keselamatan kerja. feedback related to employment, health, and occupational
Setiap laporan yang diterima ditangani oleh Divisi General Affair safety. Each report received is handled objectively by the
maupun Human Resources Development secara objektif sesuai General Affairs Division or Human Resources Development in
prosedur yang berlaku. Selama 3 tahun terakhir, Perseroan dan accordance with applicable procedures. Over the past 3 years,
Entitas Anak tidak mencatat adanya pengaduan terkait aspek the Company and its Subsidiaries recorded no complaints
ketenagakerjaan, kesehatan, maupun keselamatan kerja, yang related to employment, health, or occupational safety aspects,
mencerminkan terciptanya iklim kerja yang kondusif. reflecting the establishment of a conducive work climate.
Di sisi lain, sebagai upaya mempererat hubungan dengan karyawan Meanwhile, as an effort to strengthen relationships with
dan membangun komunikasi yang terbuka, PT Pasar Dana employees and foster an open communication, PT Pasar Dana
Pinjaman (Danamas) selaku Entitas Anak menyelenggarakan acara Pinjaman (Danamas) as a Subsidiary, held a Mid-Year Townhall.
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Mid-Year Townhall. Sejalan dengan hal tersebut, PT Sinartama In line with this initiative, PT Sinartama Gunita also organized
Gunita juga melaksanakan berbagai kegiatan internal, antara various internal activities, such as employee gathering/outing
lain employee gathering/outing untuk mempererat kebersamaan to strengthen togetherness and enhance the working spirit
serta meningkatkan semangat kerja karyawan, serta Townhall of the employees, as well as Townhall Meeting to facilitate
Meeting sebagai sarana komunikasi terbuka antara manajemen dan open communication between management and employee
karyawan dalam menyampaikan kinerja, strategi, serta membuka to convey performance, strategy, while providing a forum
ruang dialog dan aspirasi. for dialogue and aspiration.
Pengembangan Sosial dan Kemasyarakatan Social and Community Development
[POJK.51-F.23, F.25] [ESG-S.12] [POJK.51-F.23, F.25] [ESG-S.12]
Penggunaan Tenaga Kerja Lokal Local Labor Policy
Perseroan bersama Entitas Anak mengutamakan perekrutan The Company, together with its Subsidiaries, prioritizes
tenaga kerja lokal sebagai wujud tanggung jawab sosial terhadap the recruitment of local workers as a form of social responsibility
masyarakat sekitar wilayah operasional. Sepanjang tahun toward communities surrounding its operational areas. Throughout
2025, seluruh karyawan Perseroan dan Entitas Anak berasal 2025, all employees of the Company and its Subsidiaries were
dari masyarakat setempat, yang mencerminkan komitmen recruited from local communities, reflecting the Company’s
Perseroan dalam mendukung pemberdayaan ekonomi lokal. commitment to supporting local economic empowerment.
Pemberdayaan Masyarakat Sekitar Community Empowerment
Sebagai wujud komitmen dalam meningkatkan kesejahteraan As a manifestation of its commitment to improving the welfare
masyarakat sekitar, Perseroan bersama Entitas Anak of surrounding communities, the Company, together with its
melaksanakan program pemberdayaan masyarakat yang Subsidiaries, implements community empowerment programs
difokuskan pada 3 bidang prioritas: pendidikan, kesehatan, focused on 3 priority areas: education, health, and financial
serta literasi dan inklusi keuangan. Di bidang pendidikan, literacy and inclusion. In the education sector, the Company
Perseroan memberikan beasiswa bagi siswa berprestasi. Pada provides scholarships for outstanding students. In the health
bidang kesehatan, program dilaksanakan melalui kegiatan sector, programs are carried out through free medical treatment
pengobatan gratis dan donor darah bekerja sama dengan and blood donation activities in collaboration with the Indonesian
Palang Merah Indonesia (PMI). Sementara itu, untuk mendukung Red Cross (PMI). Meanwhile, to support the enhancement of
peningkatan literasi dan inklusi keuangan, Perseroan financial literacy and inclusion, the Company organizes activities
menyelenggarakan kegiatan yang bertujuan memperluas akses aimed at expanding public access to financial services while
masyarakat terhadap layanan keuangan sekaligus meningkatkan improving their understanding. In addition to these three areas,
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pemahaman mereka. Selain ketiga bidang tersebut, Perseroan the Company also supports the development of Micro, Small,
juga memberikan dukungan bagi pengembangan Usaha Mikro, and Medium Enterprises (MSME) through training and financial
Kecil, dan Menengah (UMKM) melalui pelatihan dan pemberian assistance as an effort to promote community economic
bantuan, sebagai upaya mendorong kemandirian ekonomi self-reliance.
masyarakat.
Perbaikan Sarana dan Prasarana Sosial Social Facilities and Infrastructure Improvement
Sebagai bagian dari upaya memperkuat hubungan dengan As part of efforts to strengthen community relations,
masyarakat, Perseroan bersama Entitas Anak berkontribusi the Company, together with its Subsidiaries, contributes to
dalam perbaikan dan pengembangan fasilitas sosial, the improvement and development of social facilities, including
mencakup renovasi sekolah, tempat ibadah, fasilitas sanitasi, the renovation of schools, places of worship, sanitation facilities,
serta infrastruktur sosial lainnya. Inisiatif ini ditujukan untuk and other social infrastructure. This initiative is intended to
mendukung terciptanya lingkungan yang lebih layak, sehat, dan support the creation of a more decent, healthy, and empowered
berdaya bagi masyarakat sekitar. environment for surrounding communities.
Donasi Lainnya Other Donations
Perseroan bersama Entitas Anak juga menyalurkan berbagai The Company, together with its Subsidiaries, also distributes
bentuk donasi, antara lain bantuan bagi korban bencana alam, various forms of donations, including assistance for natural
penyerahan hewan qurban, serta penggalangan dana untuk disaster victims, the distribution of sacrificial animals (qurban),
program wakaf Al-Qur’an. and fundraising for waqf Al-Qur’an programs.
Dalam 3 tahun terakhir, Perseroan beserta Entitas Anak telah Over the past 3 years, the Company and its Subsidiaries have
melaksanakan kegiatan sosial secara berkelanjutan, yang consistently carried out social initiatives, as described below.
dijelaskan sebagai berikut.
PT Sinar Mas Multiartha Tbk (Perseroan)
PT Sinar Mas Multiartha Tbk (Company)
2025
Kesehatan / Health
Perseroan berpartisipasi dalam membantu anak-anak penyandang
thalassemia di Indonesia ke Yayasan Thalassemia Indonesia.
The Company is assisting children with thalassemia in Indonesia through
Thalassemia Indonesia Foundation.
2024
Pendidikan / Education
Perseroan menyalurkan bantuan senilai Rp165.048.725,- kepada SMK The Company provided assistance of Rp165,048,725 to SMK Ananda
Ananda Bekasi sebagai bagian dari kerja sama pelaksanaan Praktik Bekasi as part of a cooperation for the implementation of Industrial
Kerja Industri (Prakerin) dan penyerapan lulusan, yang didukung oleh Work Practice (Prakerin) and the absorption of graduates, supported by
Eka Tjipta Foundation (ETF). the Eka Tjipta Foundation (ETF).
Donasi Lainnya / Other Donations
Pemberian sembako. Distribution of basic food packages.
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2023
Pendidikan / Education
Perseroan menandatangani kesepakatan kerja sama dengan SMK The Company signed a cooperation agreement with SMK Ananda Bekasi
Ananda Bekasi tentang Pelaksanaan Prakerin dibantu oleh ETF. Selain itu, on the implementation of Prakerin, supported by ETF. The Company also
Perseroan turut memberikan bantuan dalam rangka CSR ke SMK tersebut provided CSR assistance to the SMK in the amount of Rp1,089,395,475.
sebesar Rp1.089.395.475,-.
PT Bank Sinarmas Tbk PT Bank Sinarmas Tbk
PT Bank Sinarmas Tbk memiliki komitmen yang kuat PT Bank Sinarmas Tbk has a strong commitment to implement
melaksanakan program keuangan berkelanjutan yang memberikan sustainable finance programs that provide positive benefits,
manfaat positif, baik langsung maupun tidak langsung, bagi either directly or indirectly, to the surrounding communities. In
masyarakat sekitar. Dalam pelaksanaannya, Bank Sinarmas its implementation, Bank Sinarmas is actively involved in various
aktif terlibat dalam berbagai kegiatan, seperti pembinaan Usaha initiatives, such as assistance for the Micro, Small, and Medium
Mikro, Kecil, dan Menengah (UMKM), pengelolaan limbah, serta Enterprises (MSME), waste management, as well as reading
peningkatan literasi membaca. Program-program tersebut literacy enhancement. These programs were implemented
dijalankan oleh Divisi Corporate Secretary bekerja sama dengan by Corporate Secretary Division in collaboration with other
unit-unit terkait lainnya. Melalui upaya ini, Bank Sinarmas related units. Through these initiatives, Bank Sinarmas
memberikan kontribusi signifikan dalam pemberdayaan generates significant contribution to the empowerment of local
komunitas lokal. communities.
Selain itu, Bank Sinarmas menyadari pentingnya peran sektor Further, Bank Sinarmas realizes the important role of banking
perbankan dalam memperkuat literasi keuangan masyarakat. sector in strengthening public financial literacy. Accordingly,
Oleh karena itu, Bank melaksanakan berbagai program the Bank is carrying out various financial literacy and financial
literasi keuangan dan inklusi finansial yang ditujukan kepada inclusion programs for general public. In the last 3 years, Bank
masyarakat umum. Dalam 3 tahun terakhir, Bank Sinarmas Sinarmas has consistently carrying out social and community
secara konsisten melaksanakan program pengembangan sosial development programs, as outlined below.
dan kemasyarakatan, yang dijelaskan sebagai berikut.
2025
Edukasi dan Literasi Keuangan / Financial Education and Literacy
• Peresmian renovasi Panggung Baca, penyaluran dana UMKM, dan • Inauguration of Panggung Baca renovation, distribution of MSME funding,
penyerahan Tabungan SIMPEL. Kegiatan ini dilakukan untuk mendukung and handover of SIMPEL Savings. These activities were conducted to
pelaksanaan program literasi keuangan dan pemberdayaan masyarakat support the implementation of financial literacy program and community
melalui pendidikan di Bogor pada tanggal 22 Februari 2025. empowerment via education in Bogor on 22 February 2025.
• Peresmian Rumah Produksi Kelompok Wanita Tani (KWT) Sejahtera, • Inauguration of Production House of Women Farmers Group (KWT)
serta Gerakan Nasional Cerdas Keuangan (GENCARKAN) Otoritas Sejahtera, and National Financial Literacy Movement (GENCARKAN)
Jasa Keuangan - Mengakselerasi Pemerataan Literasi Keuangan by Financial Services Authority - Accelerating Financial Literacy in
secara Masif dan Kolaboratif Bersama Kelompok Wanita Tani Sejahtera a Massive and Collaborative Manner with Sejahtera Women Farmers
di Tasikmalaya pada tanggal 29 April 2025. Group in Tasikmalaya on 29 April 2025.
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2025
• Literasi Keuangan: Tips Kelola Keuangan Usaha di Yogyakarta pada
tanggal 10 Juni 2025.
• Financial Literacy: Tips for Managing Business Financial in Yogyakarta
on 10 June 2025.
Kesehatan / Health
• 38 Tahun Bank Sinarmas Melangkah: “Peduli Dari Hati, Sehatkan • 38 Years of Bank Sinarmas: “Caring from the Hear, for the Health of
Masyarakat Banyuraden” di Yogyakarta pada tanggal 18 Agustus 2025. Banyuraden Community” in Yogyakarta on 18 August 2025.
• Pelaksanaan kegiatan donor darah di Jakarta pada tanggal • Blood Donation event in Jakarta on 26 August 2025.
26 Agustus 2025.
Pendidikan / Education
Program Pengembangan Kebun Baca Bank Sinarmas TBM Lentera Bank Sinarmas Reading Park Development Program with TBM Lentera
Pustaka. Pustaka.
Pemberdayaan Masyarakat / Community Empowerment
• Pembukaan Program “Optimalisasi Aplikasi Produksi Pangan Sehat
Basis Teknologi Konsorsium Mikroorganisme Lokal” Tahun 2025 di
Yogyakarta pada tanggal 25 Februari 2025.
• Opening of the 2025 “Optimization of Healthy Food Production Based
on Local Microorganism Consortium Technology” in Yogyakarta on
25 February 2025.
Donasi Lainnya / Other Donations
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2025
• Penuangan Celengan Tzu Chi Bank Sinarmas di Jakarta pada tanggal • The pouring of Tzu Chi Bank Sinarmas Piggybank in Jakarta on
3 Maret 2025. 3 March 2025.
• Berbagi Takjil Bank Sinarmas di Jakarta pada tanggal 13 Maret 2025. • Takjil Distribution with Bank Sinarmas in Jakarta on 13 March 2025.
• Buka puasa bersama, penyerahan donasi pembangunan dan kebutuhan • Breaking fasting, handover of donation for construction and basic
pokok, serta wakaf Al-Qur'an kepada Pondok Yatim dan Dhuafa Yayasan needs, as well as Al-Qur'an waqf to Amal Sholeh Sejahtera Orphanage
Amal Sholeh Sejahtera di Jakarta pada tanggal 14 Maret 2025. and Underprivileged Foundation in Jakarta on 14 March 2025.
• Buka Puasa Bersama dengan TBM Lentera Pustaka di Bogor pada • Breaking Fasting with TBM Lentera Pustaka in Bogor on 21 March 2025.
tanggal 21 Maret 2025.
• Penyerahan Hewan Qurban ke MNC Peduli di Jakarta pada tanggal • Handover of Sacrificial Animals to MNC Peduli in Jakarta on 5 June 2025.
5 Juni 2025.
• Penyerahan Hewan Qurban ke LAZ Al Azhar di Depok pada tanggal • Handover of Sacrificial Animals to LAZ Al Azhar in Depok on 6 June 2025.
6 Juni 2025.
• Penyerahan Hewan Qurban ke ke TBM Lentera Pustaka di Bogor pada • Handover of Sacrificial Animals to TBM Lentera Pustaka in Bogor on
tanggal 7 Juni 2025. 7 June 2025.
2024
Edukasi dan Literasi Keuangan / Financial Education and Literacy
Pembukaan Tabungan SIMPEL kepada 20 anak pembaca aktif TBM The opening of SIMPEL savings accounts for 20 active readers of TBM
Lentera Pustaka, Penyerahan tas sekolah Tzu Chi, donasi 5 perangkat Lentera Pustaka, Distribution of Tzu Chi school bags, donation of 5 digital
komputer literasi digital, dan peluncuran motor baca SimobiPlus pada literacy computer sets, and launching of SimobiPlus reading motorcycle
tanggal 28 Februari 2024. on 28 February 2024.
Berpartisipasi pada acara Gerakan Nasional Cerdas Keuangan Bank Sinarmas participated in the 2024 National Financial Literacy
(GENCARKAN) OJK 2024 di JIEXPO Theater, Kemayoran, Jakarta Movement (GENCARKAN) event held by OJK at JIEXPO Theater,
Utara pada tanggal 22 Agustus 2024 yang juga merupakan momentum Kemayoran, North Jakarta, on 22 August 2024, coincided with Indonesia
Hari Indonesia Menabung, bertemakan “Masyarakat Cerdas Keuangan Saving Day, themed “Financially Smart Community Towards Golden
Menuju Indonesia Emas 2045”. Indonesia 2045”.
Kesehatan / Health
Sepanjang tahun 2024, Bank Sinarmas Program Tahunan Donor Darah Throughout 2024, Bank Sinarmas’ Annual Blood Donation Program in
Bersama Palang Merah Indonesia dilaksanakan sebanyak 3 kali dengan collaboration with Indonesian Red Cross were held 3 times, with a total of
total 219 kantong darah yang diterima. 219 blood bags received.
Pendidikan / Education
Bank Sinarmas menjalin kerja sama dengan berbagai pihak untuk Bank Sinarmas collaborates with various stakeholders to support
mendukung program pemerintah dalam meningkatkan mutu pendidikan. government initiatives aimed at improving the quality of education. One
Salah satu bentuk kerja sama tersebut adalah kolaborasi dengan Taman such collaboration is with the community reading center, Taman Bacaan
Bacaan Masyarakat (TBM) Lentera Pustaka yang telah berjalan sejak Masyarakat (TBM) Lentera Pustaka, a partnership that has been ongoing
tahun 2018. Program ini bertujuan menekan angka putus sekolah dan since 2018. This program is designed to reduce school dropout rates and
pernikahan dini, sekaligus menumbuhkan minat baca anak-anak usia early marriages, while also fostering a reading culture among school-aged
sekolah di wilayah perkampungan dan pelosok daerah. children in rural and remote areas.
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2024
Pemberdayaan Masyarakat / Community Empowerment
Pembukaan Program CSR Berkelanjutan Diseminasi Olah Limbah Opening of Sustainable CSR Program for Dissemination of Livestock
Peternakan dan Sampah Organik Basis Teknologi Konsorsium MOL Biotaro Waste and Organic Waste Management with MOL Biotaro Consortium
untuk Pangan Sehat di Kabupaten Gianyar pada tanggal 23 Februari 2024. Technology for Healthy Food in Gianyar Regency on 23 February 2024.
“Creative Expression for Social Impact” bersama Bank Sinarmas dan “Creative Expression for Social Impact” with Bank Sinarmas and Crafters
Crafters Community, Shibori di TBM Lentera Pustaka, Desa Sukaluyu, Community, Shibori, held at TBM Lentera Pustaka, Sukaluyu Village,
Bogor, Jawa Barat pada tanggal 2 Juni 2024. Bogor, West Java, on 2 June 2024.
Perbaikan Sarana dan Prasarana Sosial / Social Facilities and Infrastructure Improvement
Memberikan bantuan penggantian, perawatan meja kursi, dan perbaikan Assisted with the replacement, maintenance of tables and chairs, and
toilet SD dan SMP Yapendik Ekklesia Dumai. repaired the toilets of SD and SMP Yapendik Ekklesia Dumai.
Bantuan dana sarana dan prasarana ruang di Polres Lubuklinggau oleh Assisted with funding of facilities and infrastructure of Lubuklinggau
KCP Marga Rahayu. Police (Polres) from KCP Marga Rahayu.
Keagamaan / Religious Activities
Bank Sinarmas menyalurkan bantuan dana kepada sejumlah yayasan, Bank Sinarmas provided financial assistance to several foundations,
pondok pesantren, masjid, musholla, dan gereja di berbagai wilayah Islamic boarding schools, mosques, musholla, and churches al over
Indonesia. Beberapa penerima bantuan, di antaranya adalah Pondok Indonesia. Some of the beneficiaries are Salafy Babussalam Islamic
Pesantren Salafy Babussalam Sindangkerta Bandung Barat, Masjid Boarding School Sindangkerta West Bandung, Al-Jami’ Grand
Agung Al-Jami’ Pekalongan, Pondok Pesantren Al-Islah Bungah Gresik, Mosque Pekalongan, Al-Islah Bungah Islamic Boarding School Gresik,
Masjid Al-Fatah dan Nurul Huda di Malang, Masjid Baiturohman Batu, Al-Fatah and Nurul Huda Mosques in Malang, Baiturohman Mosque Batu,
Masjid An-Nur (Bumisari) Jakarta Selatan, Mushollah Ar-Raudhah, An-Nur (Bumisari) Mosque South Jakarta, Ar-Raudhah Musholla,
Yayasan Pendidikan Sosial Raudlotus Sibyan Albadawi Demak, Yayasan Raudlotus Sibyan Albadawi Social Education Foundation Demak,
Ar Romah Insan Kamil, serta Gereja Katolik Paroki St. Fransiskus Asisi APO Ar Romah Insan Kamil Foundation, and St. Fransiskus Asisi APO Catholic
di Jayapura. Parish Church in Jayapura.
Bank juga memberikan dukungan untuk kegiatan keagamaan lainnya, The Bank has also supported other religious activities, such as donations
seperti donasi kegiatan retreat Gereja Pantekosta di Indonesia, wakaf for the retreat activity of Pentecostal Church in Indonesia, waqf of
Al-Qur’an, serta sumbangan hewan kurban yang disalurkan ke berbagai the Al-Qur’an, and sacrificial animals’ donation distributed to various
daerah dan kalangan masyarakat luas di Indonesia. regions and communities across Indonesia.
Dalam rangka menyambut bulan Ramadan 2024, Bank Sinarmas juga To celebrate the Holy Month of Ramadhan in 2024, Bank Sinarmas
menyelenggarakan sejumlah program sosial, seperti Bingkisan Ramadhan organized several social programs, such as Ramadan gifts for outsourcing
untuk tenaga alih daya (security, office boy/girl, cleaning service, driver, workers (security, office boy/girl, cleaning service, drivers, and expeditions),
dan ekspedisi), Buka Puasa Bersama karyawan dan panti asuhan/pondok Breaking Fasting with Employees and orphanages/Islamic boarding
pesantren, Berkah Takjil Ramadhan, serta bazar minyak goreng bekerja schools, Ramadhan Takjil Blessing, and a cooking oil bazaar in collaboration
sama dengan Komando Distrik Militer di Makodim 0710 Pekalongan. with the Military District Command at Makodim 0710 Pekalongan.
Donasi Lainnya / Other Donations
Memberikan bantuan sembako kepada korban bencana alam banjir di Provided basic food donations for flood victims in Sarolangun Regency,
Kabupaten Sarolangun Jambi melalui KCP Lintas Sumatra - Sarolangun. Jambi, through KCP Lintas Sumatra - Sarolangun.
Memberikan bantuan sosial kebutuhan pangan pra-sejahtera DKI Jakarta. Provided social assistance of food needs for the underprivileged in
DKI Jakarta.
Memberikan bantuan sosial minyak goreng pra-sejahtera di Wongsorejo, Provided social assistance of cooking oil for the underprivileged in
Kabupaten Banyuwangi. Wongsorejo, Banyuwangi Regency.
Memberikan bantuan sosial minyak goreng untuk Polres Jakarta Selatan. Provided social assistance of cooking oil for South Jakarta Police (Polres).
Memberikan bantuan pengadaan kursi roda oleh Yayasan Sahabat Insan Donated wheelchairs through Sahabat Insan Widyantara Foundation.
Widyantara.
CSR bantuan modal untuk Perhimpunan Perempuan Lintas Profesi CSR assistance of capital for Indonesian Inter-Professional Women’s
Indonesia. Association.
Memberikan bantuan sosial minyak goreng pra-sejahtera di Kabupaten Provided social assistance of cooking oil for the underprivileged in
Banyuwangi, Kabupaten Bondowoso, dan Kabupaten Situbondo. Banyuwangi Regency, Bondowoso Regency, and Situbondo Regency.
Memberikan bantuan sosial minyak goreng Polresta Tulungagung. Provided social assistance of cooking oil to Tulungagung Police (Polresta).
Memberikan bantuan sosial minyak goreng di Kota Malang. Provided social assistance of cooking oil in Malang City.
Kegiatan sosial rutin bersama Tzu Chi, Penuangan Celengan Tzu Chi Bank Held regular social activities with Tzu Chi, Tzu Chi Bank Sinarmas
Sinarmas di Sinarmas Land Plaza Thamrin, Roxy Square pada tanggal Piggy Bank Pouring at Sinarmas Land Plaza Thamrin, Roxy Square on
20 Juni 2024. 20 June 2024.
Donasi beras dan alat sekolah bersama Tzu Chi Sinar Mas di TBM Lentera Donated rice and school supplies with Tzu Chi Sinar Mas at TBM Lentera
Pustaka, Desa Sukaluyu, Bogor, Jawa Barat pada 25 Agustus 2024 dan Pustaka, Sukaluyu Village, Bogor, West Java, on 25 August 2024, and
Kolong Jembatan Lodan Raya, Jakarta Utara pada 25 September 2024. under the Lodan Raya Bridge, North Jakarta, on 25 September 2024.
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2024
Memberikan bantuan atas bantuan musibah kebakaran rumah karyawan Provided assistance for Bank Sinarmas employees affected by house fire
Bank Sinarmas. incidents.
CSR kepada Raws Charity Taman Werdha Syailendra Foundation dan CSR for Raws Charity Taman Werdha Syailendra Foundation and Raw
Raw Foundation. Foundation.
Memberikan bantuan pengadaan mobil ambulans kepada Forum Donated an ambulance to Forum Komunikasi Kaum Betawi Indonesia
Komunikasi Kaum Betawi Indonesia (FORKKABI). (FORKKABI).
CSR kepada Serikat Pekerja Seluruh Indonesia (SPSI) PT Pabrik Kertas CSR for a labor union, Serikat Pekerja Seluruh Indonesia (SPSI) PT Pabrik
Tjiwi Kimia Tbk oleh KC Mojokerto. Kertas Tjiwi Kimia Tbk, by KCP Mojokerto.
2023
Edukasi dan Literasi Keuangan / Financial Education and Literacy
Dalam rangka memenuhi target capaian program literasi dan inklusi In meeting its financial literacy and inclusion program achievement
keuangan, Bank Sinarmas terus menggunakan inovasi digital dan targets, Bank Sinarmas continues using digital innovation and information
teknologi informasi. Pada tahun 2023, program dan kegiatan literasi dan technology. In 2023, Bank Sinarmas implemented the financial literacy
inklusi keuangan yang dilaksanakan oleh Bank Sinarmas, antara lain and inclusion program and activities, including 2023 FinExpo Activities in
Kegiatan FinExpo tahun 2023 di Yogyakarta dengan total biaya sebesar Yogyakarta with a total cost of Rp78,000,000.
Rp78.000.000,-.
Kesehatan / Health
Sepanjang tahun 2023, Bank Sinarmas Program Tahunan Donor Darah Throughout 2023, Bank Sinarmas’ Annual Blood Donation Program in
Bersama Palang Merah Indonesia dilaksanakan sebanyak 3 kali dengan collaboration with Indonesian Red Cross was held 3 times with a total of
total 255 kantong darah yang diterima. Alokasi dana yang dikeluarkan 255 blood bags received. A total fund of Rp19,500,000 was allocated for
untuk program ini mencapai Rp19.500.000,-. this program.
Pendidikan / Education
Melakukan pengembangan Kebun Baca Bank Sinarmas kepada Taman Developed Bank Sinarmas Reading Park with Lentera Pustaka Community
Bacaan Masyarakat Lentera Pustaka dengan biaya sebesar Rp70.650.000,-. Reading Park with a cost of Rp70,650,000.
Melaksanakan CSR 200 buku tulis dalam rangka menunjang kegiatan Handed over CSR donation of 200 notebooks to support students’
belajar mengajar para siswa-siswi di wilayah Masjid An-Nur (Bumisari) teaching and learning activities in An-Nur Mosque area (Bumisari) South
Jakarta Selatan dengan biaya sebesar Rp1.140.000,-. Jakarta with a cost of Rp1,140,000.
Melaksanakan Kunjungan Industri Himpunan Mahasiswa Elektronika Conducted an Industrial Visit of Electronics and Informatics Students
dan Informatika Fakultas Teknik Universitas Negeri Yogyakarta dalam Association, Faculty of Engineering, Universitas Negeri Yogyakarta to
rangka Pembelajaran QRIS dan Produk Bank dengan biaya sebesar learn about QRIS and Bank Products with a cost of Rp85,500,000.
Rp85.500.000,-.
Perbaikan Sarana dan Prasarana Sosial / Social Facilities and Infrastructure Improvement
Melaksanakan perbaikan rumah tidak layak huni Kota Solo dengan biaya Renovated uninhabitable houses in Solo City with a cost of Rp26,061,699.
sebesar Rp26.061.699,-.
Memberikan bantuan karpet Mushollah Ar-Raudhah dengan biaya Donated praying carpet in Ar-Raudhah Mushollah with a cost of
sebesar Rp8.000.000,-. Rp8,000,000.
Melaksanakan pembangunan Gedung Baru SMA Santo Bernardus Kota Constructed a new building for SMA Santo Bernardus, Pekalongan City
Pekalongan dengan biaya sebesar Rp10.000.000,-. with a cost of Rp10,000,000.
Pemberdayaan Masyarakat / Community Empowerment
Melaksanakan pembinaan usaha pengolahan limbah peternakan sapi Conducted business coaching to process cattle farm waste into briquette
menjadi media tanam briket. Bank Sinarmas bekerja sama dengan planting media. Bank Sinarmas in collaboration with PT Songsong Buwono
PT Songsong Buwono Lestari dan Yayasan Harapan Lingkungan Lestari and Yayasan Harapan Lingkungan Hidup initiated a community
Hidup melakukan inisiasi program kemitraan berbasis pemberdayaan empowerment-based partnership program in Taro Village, Bali. Using
masyarakat di Desa Taro, Bali. Melalui teknologi mikro organisme lokal local microorganism (MOL) technology, livestock waste is processed
(MOL), limbah peternakan diolah menjadi produk briket tanam yang into planting briquette product with economic value, thus contributing to
memiliki nilai ekonomi, sehingga berdampak pada peningkatan taraf the improvement of the community’s economic status. This program
ekonomi masyarakat. Program ini mendukung Tujuan Pembangunan aligns with the Sustainable Development Goals: goal 1 no poverty, goal
Berkelanjutan: tujuan 1 tanpa kemiskinan, tujuan 2 tanpa kelaparan, tujuan 2 zero hunger, goal 3 good health and well-being, goal 4 quality education,
3 kehidupan sehat dan sejahtera, tujuan 4 pendidikan berkualitas, tujuan goal 6 clean water and sanitation, goal 7 affordable and clean energy,
6 air bersih dan sanitasi layak, tujuan 7 energi bersih dan terjangkau, tujuan goal 8 decent work and economic growth, goal 9 industry, innovation
8 pekerjaan layak dan pertumbuhan ekonomi, tujuan 9 industri, inovasi and infrastructure, goal 12 responsible consumption and production,
dan infrastruktur tujuan 12 konsumsi dan produksi yang bertanggung goal 13 climate action, goal 15 life on land, and goal 17 partnerships for
jawab, tujuan 13 penanganan perubahan iklim, tujuan 15 ekosistem the goals. Total cost for community empowerment is Rp303,387,000.
daratan, dan tujuan 17 kemitraan untuk mencapai tujuan. Total biaya untuk
pemberdayaan masyarakat sebesar Rp303.387.000,-.
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2023
Donasi Lainnya / Other Donations
Memberikan donasi berupa sembako untuk korban gempa Cianjur Providing basic food donations for Cianjur earthquake victims with a cost
dengan biaya sebesar Rp54.000.000,-. of Rp54,000,000.
Memberikan bantuan kepada korban banjir di Kota Semarang sebesar Giving donations worth Rp2,424,259 to flood victims in Semarang City.
Rp2.424.259,-.
Menyelenggarakan bazar minyak goreng KCS Cirebon dengan biaya Organizing KCS Cirebon cooking oil bazaar with a cost of Rp4,432,000.
sebesar Rp4.432.000,-.
Memberikan 2.580 liter minyak goreng kepada keluarga besar Tentara Providing 2,580 liters of cooking oil to families of Indonesian National Army
Nasional Indonesia (TNI) dan Kepolisian Negara Republik Indonesia (Polri) (TNI) and Indonesian National Police (Polri) with a cost of Rp47,374,602.
dengan biaya sebesar Rp47.374.602,-.
Memberikan 1.200 liter minyak goreng kepada masyarakat Kendalpayak, Providing 1,200 liters of cooking oil for the community of Kendalpayak,
Malang, dengan biaya sebesar Rp21.957.501,-. Malang, with a cost of Rp21,957,501.
Menyelenggarakan bazar minyak goreng murah, bekerja sama dengan Organizing cheap cooking oil bazaar, collaborated with Military Resort
Komando Resor Militer 071 Wijayakusuma Pekalongan, Jawa Tengah Command 071 Wijayakusuma Pekalongan, Central Java with a cost of
dengan biaya sebesar Rp6.929.028,-. Rp6,929,028.
Memberikan 417 karton minyak goreng kepada masyarakat Jawa Timur Providing 417 cartons of cooking oil for the community of East Java with
dengan biaya sebesar Rp87.896.861,-. a cost of Rp87,896,861.
Memberikan donasi sembako dalam rangka memperingati Isra Miraj Providing basic food donations to commemorate Isra Miraj 1444 H
1444 H untuk rumah tangga yang kurang mampu di wilayah Jakarta Barat for underprivileged households in West Jakarta area with a cost of
dengan biaya sebesar Rp66.300.000,-. Rp66,300,000.
Memberikan 840 liter minyak goreng kepada masyarakat di Tanah Abang Providing 840 liters of cooking oil for the community in Tanah Abang with
dengan biaya sebesar Rp17.040.000,-. a cost of Rp17,040,000.
Memberikan bantuan modal untuk UMKM Perhimpunan Perempuan Providing capital assistance for Indonesian Inter-Professional Women’s
Lintas Profesi Indonesia dengan biaya sebesar Rp24.000.000,-. Association MSME with a cost of Rp24,000,000.
Memberikan 670 karton minyak goreng kepada masyarakat yang kurang Providing 670 cartons of cooking oil to underprivileged communities
mampu di wilayah Jawa Tengah dengan biaya sebesar Rp154.100.000,-. in Central Java area with a cost of Rp154,100,000.
Memberikan donasi Idul Adha Polda Metro Jaya dengan biaya sebesar Providing an Idul Adha donation to Polda Metro Jaya with a cost of
Rp216.200.000,-. Rp216,200,000.
Memberikan 3 ekor sapi oleh KC Banyuwangi dengan biaya sebesar Providing 3 cows by KC Banyuwangi with a cost of Rp60,000,000.
Rp60.000.000,-.
Memberikan 317 karton minyak goreng dan 30 dus Pristine ke wilayah Providing 317 cartons of cooking oil and 30 boxes of Pristine to Demak
Demak dan Jakarta dengan biaya sebesar Rp71.345.281,-. and Jakarta areas with a cost of Rp71,345,281.
Menyerahkan hewan Qurban dalam rangka memperingati Hari Raya Idul Handing over sacrificial animals to commemorate Eid al-Adha 1444 H
Adha 1444 H ke Polsek Bandara Soekarno Hatta dengan biaya sebesar to Soekarno Hatta Airport Sector Police Station (Polsek) with a cost of
Rp72.000.000,-. Rp72,000,000.
Menyerahkan hewan Qurban berupa sapi untuk Polda Metro Jaya dengan Handing over cows as sacrificial animals to Polda Metro Jaya with a cost
biaya sebesar Rp48.000.000,-. of Rp48,000,000.
Melaksanakan kegiatan sosial bersama Polda Metro Jaya dengan biaya Conducting social activities with Polda Metro Jaya with a cost of
sebesar Rp73.191.336,-. Rp73,191,336.
Memberikan bantuan 300 karton minyak goreng kepada organisasi Providing 300 cartons of cooking oil for Bhayangkari organization with
Bhayangkari dengan biaya sebesar Rp75.600.000,-. a cost of Rp75,600,000.
Memberikan donasi sembako untuk Komunitas Anak Jalanan oleh Polsek Providing basic food donations for Street Children Community with Polsek
Menteng dengan biaya sebesar Rp28.266.000. Menteng with a cost of Rp28,266,000.
Melaksanakan kegiatan sosial Kaki Palsu Bank Sinarmas dan Tzu Chi Conducting social activity of Prosthetic Legs provisions by Bank Sinarmas
Sinar Mas dengan biaya sebesar Rp8.500.000,-. and Tzu Chi Sinar Mas with a cost of Rp8,500,000.
Menyumbang hewan Qurban 2023 melalui MNC Peduli dengan biaya Donating 2023 sacrificial (Qurban) animals via MNC Care with a cost of
sebesar Rp22.000.000,-. Rp22,000,000.
Memberikan donasi hewan Qurban dalam rangka memperingati Hari Raya Donating sacrificial animals to commemorate Eid al-Adha 1444 H
Idul Adha 1444 H kepada Pengurus Rohani Islam PT Pegadaian dengan for Islamic Spiritual Management of PT Pegadaian with a cost of
biaya sebesar Rp30.000.000,-. Rp30,000,000.
Memberikan 2000 pocket sarung, minyak goreng, beras, dan gula oleh KC Providing 2000 pocket sarongs, cooking oil, rice and sugar by KC
Banyuwangi dengan biaya sebesar Rp227.252.176,-. Banyuwangi with a cost of Rp227,252,176.
Memberikan Qurban berupa sapi dalam rangka memperingati Hari Raya Providing cow as Qurban animal to commemorate Eid al-Adha 1444 H to
Idul Adha 1444 H kepada warga TBM Lentera Pustaka dengan biaya TBM Lentera Pustaka community with a cost of Rp30,000,000.
sebesar Rp30.000.000,-.
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2025 Annual Report
2023
Memberikan bingkisan Ramadhan 1444 H kepada tenaga outsourcing, Providing Ramadhan 1444 H gifts for outsourcing personnel, especially
khususnya tenaga support (security, office boy/girl, cleaning service, support personnel (security, office boy/girl, cleaning service, drivers, and
driver, serta ekspedisi) yang berada di kantor pusat non-operasional expeditions) at Thamrin and Roxy Square non-operational head offices
Thamrin dan Roxy Square dengan biaya sebesar Rp36.952.602,-. with a cost of Rp36,952,602.
Menyelenggarakan buka puasa bersama Bank Sinarmas dengan biaya Organizing break fasting activity with Bank Sinarmas with a cost of
sebesar Rp448.795.421,-. Rp448,795,421.
Melaksanakan kegiatan Berkah Takjil Ramadhan dengan biaya sebesar Conducting Ramadhan Takjil Blessing activities with a cost of
Rp45.350.000,-. Rp45,350,000.
Memberikan sembako Hari Raya Idul Fitri dengan biaya sebesar Providing basic food donations for Eid al-Fitr with a cost of Rp50,000,000.
Rp50.000.000,-.
Memberikan donasi sembako untuk pedagang kaki lima di wilayah Jakarta Providing basic food donations for street vendors in South Jakarta area
Selatan dengan biaya sebesar Rp151.200.000,-. with a cost of Rp151,200,000.
Memberikan donasi sembako kepada Yayasan Panti Sosial Anak Asuhan Providing basic food donations for Social Care Foundation for Orphaned
Ibu Yoyoh Maesaroh dengan biaya sebesar Rp40.500.000,-. Children of Ibu Yoyoh Maesaroh with a cost of Rp40,500,000.
Memberikan donasi sembako kepada Hajar Aswad Tani Indonesia dengan Providing basic food donations for Hajar Aswad Tani Indonesia with a cost
biaya sebesar Rp99.600.000,-. of Rp99,600,000.
Memberikan bantuan kebutuhan pangan kepada masyarakat di wilayah Providing food assistance for communities in North Jakarta and West
Jakarta Utara dan Jakarta Barat dengan biaya sebesar Rp92.250.000,-. Jakarta areas with a cost of Rp92,250,000.
Memberikan dukungan peningkatan prestasi dan kesejahteraan atlet Providing assistance to improve the performance and welfare of
dan mantan atlet Indonesia dengan Pasar Modal Indonesia dengan biaya Indonesian athletes and ex-athletes with Indonesian Capital Market with
sebesar Rp25.000.000,-. a cost of Rp25,000,000.
PT Bank Nano Syariah
2025
Edukasi dan Literasi Keuangan / Financial Education and Literacy
Pada tahun 2025, Bank melakukan berbagai kegiatan edukasi dan literasi In 2025, the Bank held various financial education and literacy, including:
keuangan, antara lain:
• Fraud Awareness: Data Privacy & Protection; • Fraud Awareness: Data Privacy & Protection;
• Nanobank Syariah Goes to School; • Nanobank Syariah Goes to School;
• Event Kolaborasa: Komunitas Baking; • Kolaborasa Event: Baking Community;
• Company Visit Mahasiswa IPB; • Company Visit IPB Students;
• SocMed Content: Sharia Financial Edu; • SocMed Content: Sharia Financial Edu;
• #WargaBaik on YouTube WKWK Project; • #WargaBaik on YouTube WKWK Project;
• Event Economic Outlook 2026; • Event Economic Outlook 2026;
• Booth di SYAFIF (Syariah Financial Fair) 2025; • Booth at SYAFIF (Syariah Financial Fair) 2025;
• Booth di ISEF 2026; • Booth at ISEF 2026;
• Peluncuran produk SRIA Ritel; • Launching of SRIA Retail product;
• Peluncuran RTJH Aira iB; • Launching of RTJH Aira iB;
• Booth di SMDD 2025; • Booth at SMDD 2025;
• Booth di Wakaf International Padang 2025; • Booth at Waqf International Padang 2025;
• Booth di BPKH Hajj Fest; • Booth at BPKH Hajj Fest;
• Aira Muslim Festival 2025; serta • Aira Muslim Festival 2025; and
• Nanobank x FemalePreneur: Digital Marketing for UMKM. • Nanobank x FemalePreneur: Digital Marketing for MSME.
Donasi Lainnya / Other Donations
• Memberikan donasi dana beasiswa dan dana pengembangan sarana • Donations of scholarships and funds for development of Islamic
prasarana pesantren dalam rangka Milad ke-1 Nanobank Syariah boarding school (pesantren) to commemorate the 1st Anniversary
kepada pesantren yang tersebar di 31 wilayah kantor cabang Nanobank of Nanobank Syariah to pesantren located in 31 areas of Nanobank
Syariah. Adapun donasi yang diberikan kepada 55 pesantren dan Syariah branch office. The donation were given to 55 pesantren and
2.145 santri/siswa. 2,145 santri (pesantren students).
• Memberikan donasi bantuan beasiswa pendidikan melalui Yayasan • Donations of educational scholarship via Karya Salemba Empat
Karya Salemba Empat kepada 15 mahasiswa dari Universitas Syiah Foundation for 15 college students of Universitas Syiah Kuala Banda
Kuala Banda Aceh, UIN Sumatra Utara, serta UIN Syarif Hidayatullah. Aceh, UIN North Sumatra, and UIN Syarif Hidayatullah.
• Memberikan donasi untuk pembangunan Masjid Al Falahiyyah di • Donations for the construction of Al Falahiyyah Mosque in Nerogtog
Kelurahan Nerogtog, Kecamatan Pinang, Kota Tangerang. Sub-district, Pinang District, Tangerang City.
• Memberikan donasi kepada Yayasan Kanker Anak Indonesia. • Donations to Kanker Anak Indonesia Foundation.
• Memberikan donasi bagi korban banjir di Aceh, Sumatra Utara, dan • Donations for flood victims in Aceh, North Sumatra, and West Sumatra
Sumatra Barat melalui Asosiasi Bank Syariah Indonesia (ASBISINDO). through Indonesian Sharia Bank Association (ASBISINDO).
• Donasi Hewan Qurban untuk Pesantren Bustanul Wildan RMI PCNU • Donation of Qurban Animals for Pesantren Bustanul Wildan RMI PCNU
Kabupaten Bandung. Bandung Regency.
PT Sinar Mas Multiartha Tbk - 301
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Laporan Keberlanjutan
Sustainability Report
2024
Edukasi dan Literasi Keuangan / Financial Education and Literacy
• Seminar Nasional • National Seminar
Meraih peluang pasar mesin pertanian Indonesia di mana Bank Seizing market opportunities in Indonesia’s agricultural machinery
menyampaikan informasi terkait Produk Pembiayaan untuk sector, in which the Bank provided information on Financing Products
Perorangan/Mitra Usaha. for Individuals/Business Partners.
• Festival Kuliner • Culinary Festival
Meningkatkan awareness Nanobank Syariah melalui roadshow event Raising awareness of Nanobank Syariah through a culinary roadshow
kuliner di berbagai kota di Indonesia. event across various cities in Indonesia.
• Kegiatan Sosialisasi UMKM Binaan Berau Coal • Socialization Activities for MSME Fostered by Berau Coal
Memperkenalkan Produk Nanobank Syariah. Introducing Nanobank Syariah products.
• Manasik Haji Cilik Masal • Mass Children’s Hajj Rehearsal
Memperkenalkan kepada masyarakat terkait program religi khususnya Introducing religious programs to the public, particularly in East Java.
di Jawa Timur.
• Calvin Hartono Academy • Calvin Hartono Academy
Memperkenalkan Nanobank Syariah dan produknya. Introducing Nanobank Syariah and its products.
• Bank Nano Syariah Goes to School • Nanobank Syariah Goes to School
Meningkatkan literasi dan inklusi keuangan melalui produk Simpanan Improving financial literacy and inclusion through Simpanan Pelajar iB
Pelajar iB (Simpel iB). (Simpel iB) savings product.
• Bincang-Bincang UMKM • MSME Talk
Strategi sukses membuat Business Proposal untuk dukung pengajuan Sharing successful strategies for preparing a Business Proposal to
pembiayaan. support financing applications.
• Baby Wearing with Love • Baby Wearing with Love
Bekerja sama dengan Komunitas Ibu Gendong untuk literasi keuangan Promoting financial literacy on Nanobank Syariah in collaboration with
Nanobank Syariah. the Babywearing Mothers Community.
• Woman Book Club • Woman Book Club
Bekerja sama dengan komunitas mempersiapkan perencanaan Collaborating with the community in preparing financial planning for
keuangan untuk masa depan dan generasi yang lebih baik. a better future and generation.
Donasi / Donations
Menyerahkan Donasi "Aliran Kebaikan" kepada: Handover of “Aliran Kebaikan” donation to:
• Badan Amil Zakat Nasional (Baznas) Republik Indonesia; dan • National Amil Zakat Agency (Baznas) of Republic of Indonesia; and
• Badan Wakaf Indonesia (BWI). • Indonesia Waqf Board (BWI).
Penyerahan Wakaf Al-Qur'an kepada Pimpinan Pusat Muhammadiyah Handover of Al-Qur'an waqf of 250 Mushaf Al-Qur'an to Central
sebanyak 250 Mushaf Al-Qur'an. Leadership of Muhammadiyah.
Penyerahan hewan kurban kepada PP Muhammadiyah melalui Lembaga Handover of sacrificial animals to PP Muhammadiyah via Muhammadiyah
Amil Zakat, Infaq, dan Shadaqah Muhammadiyah (Lazismu). Zakat, Infaq, and Sadaqah Agency (Lazismu).
Penyerahan hewan kurban kepada Pengurus Besar Nahdlatul Ulama (PBNU) Handover of sacrificial animals to Supreme Board of Nahdlatul Ulama
melalui Lembaga Amil Zakat dan Shadaqah Nahdlatul Ulama (Lazisnu). (PBNU) via Nahdlatul Ulama Zakat and Sadaqah Agency (Lazisnu).
2023
Edukasi dan Literasi Keuangan / Financial Education and Literacy
Pada tanggal 28 September 2023, Nanobank Syariah mengadakan On 28 September 2023, Nanobank Syariah held Nebeng Kopdar Vol. 11.
Nebeng Kopdar Vol. 11. Melalui kegiatan ini, Nanobank Syariah memberikan With this event, Nanobank Syariah provides Community Hub facility as
fasilitas Community Hub sebagai bentuk dukungan untuk para UMKM a form of support for MSME to be better.
agar menjadi lebih baik.
Nanobank Syariah bekerja sama dengan Myskill.id dalam kegiatan HR Nanobank Syariah in collaboration with Myskill.id in HR Connect event
Connect membahas “Industrial Relation dan Isu Ketenagakerjaan”. discussing “Industrial Relations and Employment Issues”. This event was
Kegiatan ini dihadiri lebih dari 50 peserta yang datang dari berbagai attended by more than 50 participants coming from various industries.
industri yang berbeda.
Pemberdayaan Masyarakat / Community Empowerment
Untuk meningkatkan kecakapan dalam berbisnis, Nanobank Syariah To improve skills in business, Nanobank Syariah facilitates baristas to
memfasilitasi para barista untuk meningkatkan skill melalui workshop improve their skills through a workshop entitled Coffee Cupping, Specialty
bertajuk Coffee Cupping, Specialty Coffee/Artisan Coffee yang Coffee/Artisan Coffee, which is an analytical method used to evaluate
merupakan metode analisis yang digunakan untuk mengevaluasi coffee quality. This method is used to sample coffee, ranging from overall
kualitas kopi. Metode ini digunakan untuk sampel kopi, mulai dari kualitas quality to individual characteristics of the coffee, such as acidity or body
keseluruhan hingga karakteristik individu dari kopi, seperti keasaman atau and certain flavor notes in it.
body dan catatan rasa tertentu di dalamnya.
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2025
Edukasi dan Inklusi Keuangan / Education and Financial Inclusion
Literasi Keuangan dan Pembagian Asuransi Mikro bagi Petani di Literasi Keuangan bagi UMKM di Kota Batam
Kota Manado ASM kembali menyelenggarakan kegiatan literasi keuangan di Kota Batam
Asuransi Sinar Mas (ASM) menyelenggarakan kegiatan literasi keuangan pada tanggal 22 Agustus 2025. Kegiatan ini ditujukan kepada para pelaku
bagi para petani di Kota Manado pada tanggal 26 Juni 2025. Kegiatan Usaha Mikro, Kecil, dan Menengah (UMKM) dan diikuti oleh sekitar
ini dilakukan dalam rangka Kick-Off Bulan Literasi Keuangan serta 100 pelaku UMKM yang terdaftar di Dinas Koperasi dan Usaha Mikro
wujud konkret dukungan terhadap Program GENCARKAN Otoritas Jasa Kota Batam.
Keuangan. Asuransi Sinar Mas juga membagikan perlindungan asuransi
mikro Simas Petani secara gratis bagi 400 petani peserta literasi.
Financial Literacy and Distribution of Micro Insurance for Farmers in Financial Literacy for MSME in Batam City
Manado City ASM held another financial literacy event in Batam City on 22 August
Asuransi Sinar Mas (ASM) held financial literacy event for farmers 2025. This event was aimed for the Micro, Small, and Medium Enterprises
in Manado City on 26 June 2025. This event was held to Kick-Off (MSME) and attended by around 100 MSME actors registered at
the Financial Literacy Month, as well as concrete support to GENCARKAN the Cooperatives and Micro Enterprises Agency of Batam City.
Program from Financial Services Authority. Asuransi Sinar Mas also
distributed free Simas Petani micro insurance for 400 farmers who
participated in the literacy event.
Literasi Keuangan bagi Pegiat UMKM di Bengkulu Utara Literasi Keuangan bagi Guru dan Siswa di SMK Strada 1 Jakarta
Dalam rangka mendukung Program GENCARKAN, Otoritas Jasa Sebagai bentuk kontribusi terhadap penguatan ekosistem pendidikan
Keuangan Provinsi Bengkulu menyelenggarakan kegiatan business vokasi, Eka Tjipta Foundation menyelenggarakan pelatihan literasi digital
matching dan literasi keuangan bagi para pegiat UMKM di Kabupaten dan keuangan bagi guru dan siswa SMK Strada 1 Jakarta pada tanggal
Bengkulu Utara pada tanggal 11 September 2025. ASM bersama 23 September 2025. Dalam kegiatan ini, ASM bersama XLSMART
sejumlah lembaga jasa keuangan lainnya di Provinsi Bengkulu turut mendapat kesempatan untuk memberikan edukasi mengenai literasi
berpartisipasi dalam kegiatan tersebut dengan memberikan edukasi keuangan dan literasi digital kepada para siswa SMK Strada 1 Jakarta.
keuangan kepada para pegiat UMKM. Melalui kegiatan ini, diharapkan
para peserta dapat meningkatkan pemahaman mengenai pengelolaan
keuangan yang baik.
Financial Literacy for MSME Practitioners in North Bengkulu Financial Literacy for Teachers and Students at SMK Strada 1 Jakarta
In supporting the GENCARKAN Program, Financial Services Authority As a contribution to the strengthening of vocational ecosystem education,
of Bengkulu Province held business matching and financial literacy Eka Tjipta Foundation held digital literacy and financial training for teachers
event for MSME practitioners in North Bengkulu Regency on and students of SMK Strada 1 Jakarta on 23 September 2025. In this
11 September 2025. ASM and several other financial institutions in event, ASM and XLSMART had the opportunity to provide education on
Bengkulu Province were participated in the event by providing financial financial literacy and digital literacy to students of SMK Strada 1 Jakarta.
education for MSME practitioners. It is expected that through this event,
participants will be able to enhance their understanding about sound
financial management.
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Edukasi Keuangan bagi Siswa SMKN 1 Mamuju, Sulawesi Barat Literasi Keuangan bagi Guru dan Siswa di SMK Ananda Bekasi
ASM mendukung upaya Otoritas Jasa Keuangan dalam memperluas Eka Tjipta Foundation kembali menyelenggarakan pelatihan literasi digital
literasi keuangan di Indonesia. Sebagai bagian dari inisiatif tersebut, dan keuangan bagi guru dan siswa SMK Ananda Bekasi pada tanggal
ASM menyelenggarakan kegiatan literasi keuangan di SMK Negeri 1 30 September 2025. Kegiatan ini merupakan bentuk kontribusi
Mamuju, Sulawesi Barat pada tanggal 26 September dan diikuti oleh Eka Tjipta Foundation dalam memperkuat ekosistem pendidikan vokasi.
100 siswa/i. Kegiatan ini juga menjadi bagian dari dukungan Asuransi Pada kesempatan tersebut, ASM bersama XLSMART memberikan
Sinar Mas terhadap Program GENCARKAN dan rangkaian Bulan edukasi mengenai literasi keuangan dan digital kepada para siswa
Inklusi Keuangan (BIK) yang dicanangkan oleh Otoritas Jasa Keuangan. SMK Ananda Bekasi.
Financial Education for Students of SMKN 1 Mamuju, West Sulawesi Financial Literacy for Teachers and Students at SMK Ananda Bekasi
ASM supports the efforts of Financial Services Authority in expanding Eka Tjipta Foundation held another digital literacy and financial training
the financial literacy in Indonesia. As part of the initiative, ASM held for teachers and students of SMK Ananda Bekasi on 30 September 2025.
financial literacy event at SMK Negeri 1 Mamuju, West Sulawesi on This event was a contribution from Eka Tjipta Foundation in strengthening
26 September and participated by 100 students. This event was also a part vocational education ecosystem. In this occasion, ASM and XLSMART
of the support provided by Asuransi Sinar Mas to GENCARKAN Program provided financial literacy and digital education for the students of
and Financial Literacy Month (BIK) launched by Financial Services Authority. SMK Ananda Bekasi.
Berpartisipasi dalam Kuliah Umum dan Sinergi Asuransi Syariah Literasi Keuangan bagi Komunitas Lari di Makassar
di Universitas Dalam rangka BIK serta mendukung Program GENCARKAN, ASM
Dalam rangka memperingati Hari Asuransi Nasional, Asosiasi Asuransi Umum menyelenggarakan kegiatan literasi keuangan bagi 2 komunitas lari di
Indonesia (AAUI) menyelenggarakan kegiatan Kuliah Umum dan Sinergi Makassar, yaitu Sinar Mas Runners Makassar dan Indorunners Makassar,
Asuransi Syariah di Universitas Muhammadiyah Purwokerto pada tanggal pada tanggal 11 Oktober 2025. Melalui kegiatan ini, ASM memberikan
7 Oktober 2025. ASM turut berpartisipasi dalam kegiatan tersebut dengan edukasi keuangan kepada para anggota komunitas agar semakin
membuka booth sebagai bentuk dukungan terhadap penyelenggaraan memahami cara mengelola keuangan, mengenali risiko, serta memahami
acara oleh AAUI. Pada kesempatan ini, ASM juga membagikan Celengan manfaat memiliki perlindungan asuransi, termasuk asuransi mikro.
Impian kepada para pengunjung yang datang ke booth.
Participated in Public Lecture and Sharia Insurance Synergy Financial Literacy for Running Communities in Makassar
at University As part of Financial Literacy Month (BIK) and support of GENCARKAN
In commemorating the National Insurance Day, the Indonesian General Program, ASM held financial literacy event for 2 running communities
Insurance Association (AAUI) held a Public Lecture and Sharia Insurance in Makassar, namely Sinar Mas Runners Makassar and Indorunners
Synergy at Universitas Muhammadiyah Purwokerto on 7 October 2025. Makassar, on 11 October 2025. In this event, ASM gave financial education
ASM participated by opened up a booth as a support of the event held for community members to enhance their understanding about financial
by AAUI. On this occasion, ASM also distributed Dream Piggybank to management, identify risk, and understand the benefit of having insurance
the visitors coming to the booth. coverage, including micro insurance.
Edukasi Secara Online melalui Situs Web dan Media Sosial Online Education through Website and Social Media
Selain melaksanakan kegiatan literasi keuangan secara offline, ASM juga Other than conducting offline financial literacy events, ASM also
secara konsisten melakukan edukasi keuangan melalui konten dan artikel consistently provide financial education through content and
yang dipublikasikan di media sosial serta situs resmi perusahaan, yaitu article published in social media and its official website, namely
www.sinarmas.co.id, sehingga informasi tersebut dapat diakses lebih luas www.sinarmas.co.id, enabling the information to be widely accessible
oleh masyarakat. Pada tahun 2025, ASM telah melaksanakan edukasi by the public. In 2025, ASM has conducted online financial education
keuangan secara online melalui publikasi sebanyak 100 konten dan artikel. through the publication of 100 contents and articles.
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Pemberdayaan Masyarakat / Community Empowerment
Kegiatan pemberdayaan masyarakat melalui Rumah Kreatif Sinar Mas di Community empowerment activity through Sinar Mas Creative House at
Kabupaten Humbang Hasundutan masih terus berlangsung. Selain itu, Humbang Hasundutan Regency still continues. In addition, assistance to
pendampingan terhadap UMKM mitra binaan Asuransi Sinar Mas juga MSME partners of Asuransi Sinar Mas is continued as a capacity building
terus dilakukan sebagai upaya untuk mendukung peningkatan kapasitas effort to enable MSME to further develop their businesses.
usaha agar UMKM dapat naik kelas.
Donasi Lainnya / Other Donations
Pembagian Makanan Berbuka Puasa di Jakarta Berbagi Berkah Paket Idul Fitri 1446 H dan Wakaf Al-Qur’an di
Relawan Tzu Chi Cabang Sinar Mas menyiapkan dapur umum Lhokseumawe
untuk berbuka puasa di Plaza Simas, Tanah Abang, pada tanggal ASM bersama Asuransi Sinar Mas Unit Usaha Syariah melaksanakan
22 Maret 2025. Relawan yang berasal dari ASM, Sinar Mas Multi Finance, kegiatan Berbagi Berkah berupa pembagian 100 paket Idul Fitri dan
Bank Sinarmas, APP, dan Agribisnis bersama-sama menyiapkan 250 wakaf Al-Qur’an di wilayah Lhokseumawe pada tanggal 25 Maret 2025.
sebanyak 650 paket makanan berbuka puasa. Kegiatan ini dilaksanakan
sebagai bentuk berbagi berkah pada bulan suci Ramadan. Paket makanan
berbuka tersebut dibagikan kepada para pengendara yang melintas serta
disalurkan kepada 10 panti asuhan di beberapa wilayah.
Distribution of Breaking Fasting Meals in Jakarta Sharing Blessing of Eid al-Fitr 1446 H and Al-Qur’an Waqf in
Tzu Chi Volunteer of Sinar Mas Branch prepared a public kitchen for Lhokseumawe
breaking fasting at Plaza Simas, Tanah Abang, on 22 March 2025. These ASM and Sharia Business Unit of Asuransi Sinar Mas held Sharing
volunteers from ASM, Sinar Mas Multi Finance, Bank Sinarmas, APP, and Blessing event by distributing 100 Eid al-Fitr packages and 250 Al-Qur’an
Agribusiness jointly prepared 650 meal packages for breaking fasting waqf in Lhokseumawe on 25 March 2025.
as a form of sharing the blessings during the holy month of Ramadan.
The breaking fasting meal packages were distributed to passing motorists
and delivered to 10 orphanages in several areas.
Berbagi Berkah Paket Idul Fitri 1446 H dan Wakaf Al-Qur’an di Berbagi Berkah Paket Idul Fitri 1446 H dan Wakaf Al-Qur’an di
Kelurahan Kramat Pela, Jakarta Selatan Kelurahan Rawa Terate, Jakarta Timur
ASM bersama Asuransi Sinar Mas Unit Usaha Syariah, Bengkel Tekno, dan ASM bersama Asuransi Sinar Mas Unit Usaha Syariah, Bengkel Tekno,
Yayasan Tzu Chi Sinar Mas melaksanakan kegiatan Berbagi Berkah Paket dan Yayasan Tzu Chi Sinar Mas melaksanakan kegiatan Berbagi Berkah
Idul Fitri dan Wakaf Al-Qur’an di wilayah Kelurahan Kramat Pela, Jakarta Paket Idul Fitri dan Wakaf Al-Qur’an di wilayah Kelurahan Rawa Terate,
Selatan, pada tanggal 25 Maret 2025. Dalam kegiatan ini, sebanyak Cakung, Jakarta Timur, pada tanggal 25 Maret 2025. Dalam kegiatan ini,
300 paket Idul Fitri dibagikan kepada masyarakat setempat. sebanyak 200 paket Idul Fitri dibagikan kepada masyarakat setempat.
Sharing Blessing of Eid al-Fitr 1446 H and Al-Qur’an Waqf in Kramat Sharing Blessing of Eid al-Fitr 1446 H and Al-Qur’an Waqf in Rawa
Pela Sub-district, South Jakarta Terate Sub-district, East Jakarta
ASM and Sharia Business Unit of Asuransi Sinar Mas, Bengkel Tekno, and ASM and Sharia Business Unit of Asuransi Sinar Mas, Bengkel Tekno, and
Tzu Chi Foundation Sinar Mas held Sharing Blessing event of Eid al-Fitr Tzu Chi Foundation Sinar Mas held Sharing Blessing event of Eid al-Fitr
packages and Al-Qur’an Waqf in Kramat Pela Sub-district, South Jakarta, packages and Al-Qur’an Waqf in Rawa Terate Sub-district, Cakung, East
on 25 March 2025. In this event, 300 Eid al-Fitr packages were distributed Jakarta, on 25 March 2025. In this event, 200 Eid al-Fitr packages were
to local community. distributed to local community.
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Berbagi Berkah Paket Idul Fitri 1446 H dan Wakaf Al-Qur’an di Berbagi Berkah Paket Idul Fitri 1446 H dan Wakaf Al-Qur’an di
Banda Aceh Kelurahan Kampung Bali, Jakarta Pusat
ASM bersama Asuransi Sinar Mas Unit Usaha Syariah melaksanakan ASM bersama Asuransi Sinar Mas Unit Usaha Syariah, Bengkel Tekno,
kegiatan Berbagi Berkah Paket Idulfitri dan Wakaf Al-Qur’an di wilayah dan Yayasan Tzu Chi Sinar Mas melaksanakan kegiatan Berbagi Berkah
Banda Aceh pada tanggal 25 Maret 2025. Dalam kegiatan ini, sebanyak Paket Idul Fitri dan Wakaf Al-Qur’an di wilayah Kelurahan Kampung Bali,
100 paket Idul Fitri disalurkan kepada masyarakat Gampong Ajun, Aceh Jakarta Pusat, pada tanggal 26 Maret 2025. Dalam kegiatan ini, sebanyak
Besar. Selain itu, 250 mushaf Al-Qur’an juga diwakafkan kepada 5 masjid 500 paket Idul Fitri dibagikan kepada masyarakat setempat.
di wilayah Banda Aceh.
Sharing Blessing of Eid al-Fitr 1446 H and Al-Qur’an Waqf in Sharing Blessing of Eid al-Fitr 1446 H and Al-Qur’an Waqf in Kampung
Banda Aceh Bali Sub-district, Central Jakarta
ASM and Sharia Business Unit of Asuransi Sinar Mas held Sharing ASM and Sharia Business Unit of Asuransi Sinar Mas, Bengkel Tekno,
Blessing event of Eid al-Fitr packages and Al-Qur’an Waqf in Banda Aceh and Tzu Chi Foundation Sinar Mas held Sharing Blessing event of
on 25 March 2025. In this event, 100 Eid al-Fitr packages were distributed Eid al-Fitr packages and Al-Qur’an Waqf in Kampung Bali Sub-district,
to the community of Gampong Ajun, Aceh Besar. Also, 250 mushaf Central Jakarta, on 26 March 2025. In this event, 500 Eid al-Fitr packages
Al-Qur’an waqf were endowed to 5 mosques in Banda Aceh area. were distributed to local community.
Asuransi Sinar Mas Berpartisipasi dalam Indonesia Catalogue Expo Asuransi Sinar Mas Participated in the Indonesia Catalogue Expo and
and Forum (ICEF-IPFE 2025) JIEXPO Kemayoran Forum (ICEF-IPFE 2025) JIEXPO Kemayoran
ASM berpartisipasi dalam Indonesia Catalogue Expo and Forum ASM participated in the Indonesia Catalogue Expo and Forum
(ICEF-IPFE 2025) yang diselenggarakan pada tanggal 30 Juli-1 Agustus 2025 (ICEF-IPFE 2025) held on 30 July-1 August 2025 at JIEXPO Kemayoran.
di JIEXPO Kemayoran. Dalam kegiatan ini, ASM menawarkan berbagai In this event, ASM offered various attractive promos, such as discount
promo menarik, antara lain diskon hingga 25% untuk pembelian produk up to 25% with purchase of insurance product. Visitors can also enjoyed
asuransi. Pengunjung juga dapat menikmati Humbang Arabica Coffee a free sip of Humbang Arabica Coffee, provided by ASM-assisted MSME
secara gratis yang berasal dari UMKM binaan ASM, serta mengikuti partners, and participating in various interactive activities and received
berbagai aktivitas interaktif berhadiah langsung di booth Asuransi Sinar Mas. prices at Asuransi Sinar Mas booth.
Penuangan Celengan Bambu Komunitas Relawan Tzu Chi Asuransi
Sinar Mas
Komunitas Relawan Tzu Chi Asuransi Sinar Mas mengadakan kegiatan
penuangan celengan bambu di Plaza Simas, Pusat Layanan Klaim Simas
Mobil, dan Menara Tekno pada tanggal 15 Agustus 2025. Kegiatan ini
diikuti oleh jajaran Direksi dan seluruh karyawan ASM serta unit usaha
lainnya yang berada di gedung-gedung tersebut. Setiap celengan yang
dituangkan mencerminkan doa dan kepedulian bagi sesama. Dana yang
terkumpul kemudian disumbangkan kepada Yayasan Buddha Tzu Chi untuk
mendukung berbagai kegiatan sosial dan kemanusiaan.
Bamboo Piggybank Pouring Event with Tzu Chi Volunteer of Asuransi
Sinar Mas
Tzu Chi Volunteer Community of Asuransi Sinar Mas held bamboo piggy
bank pouring event at Plaza Simas, Simas Mobil Claim Service Center,
and Menara Tekno on 15 August 2025. This event was participated by
the Board of Directors and all employees of ASM and other business units
located in those buildings. Every piggy bank poured symbolized prayers
and caring for others. The fund collected were then donated to Buddha
Tzu Chi Foundation to support various social and humanitarian activities.
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Tzu Chi Sinar Mas Bersama Asuransi Sinar Mas Melakukan Kunjungan
Kasih Yayasan Rumah Singgah Kasih Ampera
Tzu Chi Sinar Mas bersama Komunitas Relawan Tzu Chi Asuransi Sinar
Mas melaksanakan kegiatan Kunjungan Kasih ke Yayasan Rumah
Singgah Kasih Ampera di Pademangan, Jakarta Utara, pada tanggal
23 Desember 2025.
Kehangatan Natal terasa semakin nyata melalui kegiatan berbagi paket
sembako dan bingkisan kepada para penghuni yayasan. Selain itu,
kegiatan ini juga diisi dengan berbagai aktivitas kebersamaan yang penuh
keceriaan, seperti bermain permainan (games) dan bernyanyi bersama
yang diiringi alunan musik.
Tzu Chi Sinar Mas and Asuransi Sinar Mas Held Compassion Visit to
Rumah Singgah Kasih Ampera Foundation
Tzu Chi Sinar Mas and Tzu Chi Volunteer Community of Asuransi Sinar
Mas held a Compassion Visit to Rumah Singgah Kasih Ampera Foundation
in Pademangan, North Jakarta, on 23 December 2025.
The warmth of Christmas was realized through the distribution of basic
food packages and gifts to the residents. In addition, this event was also
filled by various fun communal activities, such as games and singing
together, accompanied by music.
2024
Edukasi dan Inklusi Keuangan / Education and Financial Inclusion
Komunitas Perempuan Peduli dan Berbagi (KPPB) mengadakan kegiatan Caring and Sharing Women Community (KPPB) organized a social event
sosial bertema “Bedug Cinta Ramadhan 2024” bersama anak-anak themed “Bedug Cinta Ramadhan 2024” with underprivileged (dhuafa)
dhuafa di Tokyo Hub, Shopping Town PIK 2. Sebanyak 300 anak yatim children at Tokyo Hub, Shopping Town PIK 2. A total of 300 orphaned and
dan dhuafa dari Jakarta diberikan kesempatan istimewa untuk merasakan underprivileged children from Jakarta had the opportunity to experience
kegembiraan melalui rangkaian kegiatan yang bermakna. PT Asuransi Sinar joy through a series of meaningful activities. PT Asuransi Sinar Mas (ASM)
Mas (ASM) turut mendukung acara ini dengan mengadakan storytelling supported this event with storytelling about insurance, encouraging
tentang asuransi, mengajak anak-anak belajar menabung, serta mengenal children to learn to save money, and teaching them how to wisely manage
cara mengelola keuangan dengan bijak melalui pemutaran video dan sesi their finance via video screenings and interactive sessions. At this event,
interaktif. Pada kesempatan ini, ASM juga membagikan celengan impian ASM also distributed dream piggy bank, storybooks, and coloring books
serta buku cerita dan buku mewarnai bertema asuransi. themed around insurance.
ASM dan Asuransi Sinar Mas Unit Usaha Syariah memberikan edukasi ASM and Asuransi Sinar Mas Sharia Business Unit gave financial literacy
literasi dan inklusi keuangan kepada siswa SD, SMP, dan SMA Yayasan and inclusion education to elementary (SD), junior high (SMP), and senior
Perintis Pendidik Nusa sebagai bagian dari dukungan terhadap program high school (SMA) students of Yayasan Perintis Pendidik Nusa to support
Otoritas Jasa Keuangan. Dalam kegiatan ini, ASM juga membagikan the Financial Services Authority’s program. During this event, ASM also
40 asuransi Simas Siswa Mikro kepada para siswa, 6 asuransi Simas distributed 40 Simas Student Micro insurance policies to students,
Perlindungan kepada para pengajar, serta celengan impian sebagai 6 Simas Protection insurance policies to teachers, and dream piggy banks
sarana edukatif. as educational tools.
ASM berpartisipasi dalam kegiatan literasi keuangan bagi nelayan yang ASM participated in financial literacy program for fishermen held by
diselenggarakan oleh Otoritas Jasa Keuangan Provinsi Sumatra Selatan dan the Financial Services Authority of South Sumatra and Bangka Belitung
Bangka Belitung. Dalam kegiatan ini, ASM memberikan edukasi mengenai Province. At this event, ASM provided insurance education, distributed
asuransi, membagikan celengan impian, serta memberikan Asuransi Mikro dream piggy banks, and provided free Simas Protection Micro Insurance
Simas Perlindungan secara gratis kepada 180 nelayan peserta literasi. to 180 fishermen participants.
Dalam rangka menyambut Bulan Inklusi Keuangan, Otoritas Jasa In welcoming the Financial Inclusion Month, the Financial Services
Keuangan Sulawesi Tenggara bersama ASM dan Forum Komunikasi Authority of Southeast Sulawesi with ASM and Financial Services
Industri Jasa Keuangan (FKIJK) mengadakan kegiatan literasi keuangan Industry Communication Forum (FKIJK) held a financial literacy event for
bagi 110 warga Desa Bende, Kecamatan Wundulako, Kabupaten Kolaka. 110 residents of Bende Village, Wundulako District, Kolaka Regency.
Otoritas Jasa Keuangan bersama ASM dan PT BPD Sumsel Babel Cabang The Financial Services Authority, ASM, and PT BPD Sumsel Babel Pagar
Pagar Alam menyelenggarakan kegiatan literasi dan inklusi keuangan bagi Alam Branch organized a financial literacy and inclusion event for residents
warga Desa Tanjung Menang, Kota Pagar Alam, Sumatra Selatan. Dalam of Tanjung Menang Village, Pagar Alam City, South Sumatra. At this event,
kegiatan ini, Asuransi Sinar Mas memberikan edukasi mengenai asuransi Asuransi Sinar Mas provided education about insurance and distributed
sekaligus membagikan Asuransi Simas Perlindungan kepada 200 warga. Simas Protection insurance for 200 residents.
Otoritas Jasa Keuangan bersama ASM serta PT BPD Sumsel Babel The Financial Services Authority with ASM and PT BPD Sumsel Babel
Cabang Empat Lawang dan Cabang Pagar Alam melanjutkan kegiatan Empat Lawang Branch, and Pagar Alam Branch continued the financial
literasi dan inklusi keuangan. Kali ini, kegiatan ditujukan bagi warga Desa literacy and inclusion event. This time, the event targeted residents of
Lubuk Buntak, Kota Pagar Alam, Sumatra Selatan. Dalam kesempatan ini, Lubuk Buntak Village, Pagar Alam City, South Sumatra. In this occasion,
ASM memberikan edukasi mengenai asuransi dan membagikan Asuransi ASM provided education about insurance and distributed Simas Protection
Simas Perlindungan kepada 52 warga. insurance for 52 residents.
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ASM menyelenggarakan kegiatan literasi keuangan bagi pelajar dan ASM organized a financial literacy event for students and teachers at
guru di SMP Frater Kendari, Sulawesi Tenggara. Kegiatan ini bertujuan SMP Frater Kendari, Southeast Sulawesi. It aimed to instill the importance
menanamkan pentingnya pengelolaan keuangan sejak dini serta of financial management from early age and provide understanding of
memberikan pemahaman tentang perencanaan keuangan dan asuransi. financial planning and insurance. In this occasion, ASM also distributed
Dalam kesempatan ini, ASM juga membagikan celengan impian, Asuransi dream piggy banks, free Simas Micro Student Insurance for 289 students,
Mikro Simas Siswa Mikro kepada 289 siswa, dan Asuransi Mikro Simas and Simas Protection Micro Insurance for 26 teachers. The event was
Perlindungan kepada 26 guru secara gratis. Acara ini turut mendapat supported by the Financial Services Authority of Southeast Sulawesi.
dukungan dari Otoritas Jasa Keuangan Sulawesi Tenggara.
ASM melanjutkan kegiatan literasi keuangan di Kota Sorong, Papua Barat ASM continued its financial literacy event in Sorong City, Southwest
Daya, dengan menyasar siswa dan guru di SD Negeri 4 Sorong. Dalam Papua, targeting students and teachers at SD Negeri 4 Sorong. In this
kegiatan ini, Asuransi Sinar Mas membagikan buku cerita dan buku mewarnai activity, ASM distributed storybooks and coloring books on insurance,
tentang asuransi, celengan impian, serta Asuransi Mikro Simas Siswa Mikro dream piggy banks, and free Simas Micro Student Insurance for
secara gratis kepada 218 siswa, dan Asuransi Mikro Simas Perlindungan 218 students, and Simas Protection Micro Insurance for 19 teachers.
kepada 19 guru. Kegiatan ini juga merupakan bentuk dukungan terhadap This event was a form of support for the National Financial Literacy
Gerakan Nasional Cerdas Keuangan (GENCARKAN) yang diinisiasi oleh Movement (GENCARKAN) initiated by Financial Services Authority and
Otoritas Jasa Keuangan bersama Dewan Nasional Keuangan Inklusif (DNKI). National Committee for Financial Inclusion (DNKI).
ASM melanjutkan kegiatan literasi keuangan di Kota Sorong, Papua Barat ASM continued its financial literacy event in Sorong City, Southwest
Daya, dengan menyasar para nelayan melalui kerja sama dengan Dinas Papua, targeting fishermen in collaboration with Sorong City Fisheries
Perikanan Kota Sorong. Kegiatan ini merupakan yang pertama kali ditujukan Department. It was the first of its kind event, aimed at fishermen and
bagi nelayan dan mendapat respons positif karena dinilai bermanfaat dalam received positive feedback, as it was considered beneficial to boost their
meningkatkan pemahaman terkait pengelolaan keuangan dan asuransi. understanding on financial management and insurance. As part of this
Sebagai bagian dari kegiatan tersebut, ASM juga membagikan asuransi activity, ASM also distributed free micro-insurance for 100 fishermen
mikro gratis kepada 100 nelayan yang terdaftar di Dinas Perikanan. registered with the Fisheries Department.
ASM bersama Otoritas Jasa Keuangan, Bank Indonesia, dan Bank Bengkulu ASM, alongside Financial Services Authority, Bank Indonesia, and
menyelenggarakan kegiatan literasi keuangan bagi masyarakat Desa Bank Bengkulu, organized a financial literacy event for community in
Sukajaya, Kecamatan Kedurang Ilir, Kabupaten Bengkulu Selatan. Kegiatan Sukajaya Village, Kedurang Ilir District, South Bengkulu Regency. This
ini merupakan bagian dari upaya mendorong inklusi keuangan di Bengkulu. event was part of efforts to promote financial inclusion in Bengkulu.
Dalam kesempatan ini, ASM juga membagikan Asuransi Mikro Simas In this event, ASM distributed 200 Simas Protection Micro Insurance
Perlindungan kepada peserta literasi dengan total 200 polis. Diharapkan to the literacy participants. It is expected that this event will improve
kegiatan ini dapat meningkatkan pemahaman masyarakat mengenai asuransi, community understanding on insurance, financial management, QRIS
pengelolaan keuangan, penggunaan QRIS, dan Kredit Usaha Rakyat (KUR). usage and People’s Business Credit (KUR).
ASM berpartisipasi sebagai narasumber dalam kegiatan literasi keuangan ASM participated as a speaker in financial literacy event organized
yang diselenggarakan oleh Forum Komunikasi Industri Jasa Keuangan by the Financial Services Industry Communication Forum (FKIJK)
(FKIJK) Sumatra Utara di SMA Negeri 1 Matauli Pandan. Kegiatan ini of North Sumatra at SMA Negeri 1 Matauli Pandan. This event also
juga menghadirkan narasumber dari Bank Indonesia, Bank Sumut, Bank featured speakers from Bank Indonesia, Bank Sumut, Bank Syariah
Syariah Indonesia, Bursa Efek Indonesia, dan Korea Investment and Indonesia, Indonesia Stock Exchange, and Korea Investment & Securities
Sekuritas Indonesia (KISI). Sebanyak 650 peserta dari jenjang SD, SMP, Indonesia (KISI). A total of 650 participants from elementary, junior high,
dan SMA mengikuti acara ini dan memperoleh pemahaman mengenai and senior high schools attended the event and gained understanding of
pentingnya menabung sejak dini. Edukasi yang diberikan juga mencakup the importance of saving from an early age. The education also covered
pemahaman bahwa menabung tidak hanya dilakukan melalui celengan the idea that saving can be done not only via piggy banks or banks but
atau bank, tetapi juga dapat berbentuk produk perlindungan (asuransi), also protection products (insurance), investment (stocks), or gold.
investasi (saham), maupun emas.
ASM berpartisipasi dalam program Implementasi Ekosistem Kawasan ASM participated in Implementation of Inclusive Ecosystem (EKI) program
Inklusif (EKI) di Desa Burong Mandi, Kabupaten Belitung, yang in Burong Mandi Village, Belitung Regency, organized by Financial
diselenggarakan oleh Otoritas Jasa Keuangan Provinsi Sumatra Selatan Services Authority of South Sumatra and Bangka Belitung. This program
dan Bangka Belitung. Program ini menyasar warga Desa Wisata dengan targeted the residents of Tourism Village with an aim of increasing access
tujuan meningkatkan akses terhadap layanan keuangan guna mendukung to financial services to support the strengthening of the local economic
penguatan ekosistem ekonomi lokal serta memperluas literasi dan inklusi ecosystem and expanding financial literacy and inclusion. In this event,
keuangan. Dalam kegiatan ini, ASM memberikan edukasi keuangan serta ASM provided financial education and distributed free Simas Protection
membagikan Asuransi Mikro Simas Perlindungan secara gratis kepada Micro Insurance to 100 fishermen participants.
100 nelayan peserta literasi.
ASM berpartisipasi dalam program Ekosistem Pondok Pesantren Inklusif ASM participated in Sharia Financial Inclusion at Islamic Boarding
Keuangan Syariah (EPIKS) yang diselenggarakan oleh Kantor Otoritas School (EPIKS) program organized by Financial Services Authority of
Jasa Keuangan Provinsi Sumatra Selatan dan Bangka Belitung di Pondok South Sumatra and Bangka Belitung at Aulia Cendikia Islamic Boarding
Pesantren Aulia Cendikia. Program ini bertujuan meningkatkan literasi School. This program aimed to improve financial literacy and inclusion
dan inklusi keuangan syariah bagi berbagai kelompok masyarakat. Dalam for various groups within the community. In this event, ASM provided
kegiatan ini, ASM memberikan edukasi keuangan serta membagikan financial education and distributed Simas Micro Student insurance for
Asuransi Simas Siswa Mikro kepada 200 santri dan santriwati sebagai bentuk 200 male/female students of the Islamic boarding school as part of
dukungan terhadap peningkatan inklusi keuangan di Sumatra Selatan. support for increasing financial inclusion in South Sumatra.
Pemberdayaan Masyarakat / Community Empowerment
ASM bersama Yayasan Buddha Tzu Chi Sinar Mas memberikan pelatihan ASM and Buddha Tzu Chi Sinar Mas Foundation, provided eco-print
pembuatan eco print bagi korban banjir dan tanah longsor di Desa training for victims of floods and landslides in Simangulampe Village,
Simangulampe, Kecamatan Baktiraja, Kabupaten Humbang Hasundutan, Baktiraja District, Humbang Hasundutan Regency, North Sumatra.
Sumatra Utara. Pelatihan ini bertujuan membekali para pemuda dan The training aims to equip the local youth with skills that can serve as
pemudi dengan keterampilan yang dapat menjadi sumber penghasilan additional sources of income for their families, while also supporting
tambahan bagi keluarga, sekaligus mendukung pemulihan pascabencana. post-disaster recovery efforts.
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Donasi Lainnya / Other Donations
ASM dan Asuransi Sinar Mas Unit Usaha Syariah melaksanakan kegiatan ASM and its Sharia Business Unit conducted a Corporate Social
Tanggung Jawab Sosial (CSR) dalam rangka program “Berbagi Berkah Responsibility (CSR) activity as part of “Sharing Ramadan Blessings”
Ramadan”. Kegiatan ini mencakup pembagian 100 paket sembako kepada program. This activity included the distribution of 100 staple food packages
masyarakat yang membutuhkan di sekitar kantor cabang ASM Banda to those in need near the vicinity of ASM Banda Aceh branch office,
Aceh, yang berlokasi di Kantor Keuchik Peunayong. Pada kesempatan located at the Keuchik Peunayong Office. On the same occasion, ASM
yang sama, ASM juga menyalurkan 310 mushaf Al-Qur’an ke-5 masjid also distributed 310 mushaf Qur’an to 5 mosques in the Banda Aceh area.
di wilayah Banda Aceh.
Dengan mengusung tema “Berbagi Berkah Ramadan”, ASM bersama With the theme of “Sharing Ramadan Blessings,” ASM and its Sharia
Asuransi Sinar Mas Unit Usaha Syariah, Bengkel Tekno, dan Yayasan Business Unit, Bengkel Tekno, and Buddha Tzu Chi Sinar Mas Foundation,
Buddha Tzu Chi Sinar Mas melaksanakan kegiatan CSR berupa conducted CSR activities by distributing staple food packages and waqf
pembagian paket sembako dan wakaf Al-Qur’an di 2 lokasi, yakni Qur’an in 2 locations, namely Kampung Bali, Central Jakarta and Rawa
Kampung Bali, Jakarta Pusat, dan Rawa Terate, Jakarta Timur. Pada Terate, East Jakarta. On 2 April 2024, 200 staple food packages were
2 April 2024, sebanyak 200 paket sembako disalurkan kepada masyarakat distributed to those in need, and 100 mushaf Qur’an were donated to
yang membutuhkan, dan 100 mushaf Al-Qur’an diwakafkan ketiga masjid three mosques in Rawa Terate Sub-district. The activity continued on
di Kelurahan Rawa Terate. Kegiatan dilanjutkan pada 3 April 2024 di 3 April 2024, in Kampung Bali, with 500 staple food packages distributed
Kampung Bali dengan pembagian 500 paket sembako serta wakaf and 300 mushaf Qur’an donated to eleven mosques.
300 mushaf Al-Qur’an ke sebelas masjid.
Sebagai bagian dari semangat Berkah Ramadan, relawan Tzu Chi As part of Ramadan Blessings spirit, Tzu Chi volunteers from ASM,
dari ASM, Bank Sinar Mas, Asia Pulp & Paper (APP), dan Agribisnis Bank Sinar Mas, Asia Pulp & Paper (APP), and Agribusiness held
mengadakan kegiatan dapur umum untuk menyediakan makanan a community kitchen to provide breaking fasting (iftar) meals. Meals were
berbuka puasa. Hidangan berbuka ini dibagikan kepada pengemudi ojek distributed to online motorcycle drivers, Public Infrastructure and Facilities
daring, petugas Penanganan Prasarana dan Sarana Umum (PPSU), dan Handling Officers (PPSU), and the general public in front of ASM Tanah
masyarakat umum di depan kantor Asuransi Sinar Mas, Tanah Abang. Abang office. Similar activities were also held at other locations such as
Kegiatan serupa juga dilaksanakan di beberapa lokasi lainnya, seperti Cikupa, Fatmawati, Bogor, and Mangga Dua.
Cikupa, Fatmawati, Bogor, dan Mangga Dua.
Komunitas relawan Tzu Chi dari ASM bersama relawan Tzu Chi Tzu Chi volunteers from ASM and Tzu Chi Indonesia volunteers, distributed
Indonesia menyalurkan bantuan kebutuhan sehari-hari kepada warga daily necessities assistance to residents of RT 008 Kampung Bali, Central
RT 008 Kampung Bali, Jakarta Pusat, yang terdampak kebakaran pada Jakarta, who were victims of a fire on 5 July 2024. The fire destroyed
5 Juli 2024. Musibah tersebut menghanguskan 16 rumah, namun tidak 16 homes but claimed no life. It is hoped that the assistance may help
menimbulkan korban jiwa. Bantuan ini diharapkan dapat membantu accelerating the recovery of the affected residents.
mempercepat pemulihan kondisi warga yang terdampak.
Dalam rangka memperingati HUT ke-39, ASM berkolaborasi dengan Tzu Chi In celebrating its 39th anniversary, ASM collaborated with Tzu Chi Sinar
Sinar Mas mengadakan kegiatan pembagian 1.325 bibit tanaman kepada Mas to organize the distribution of 1,325 plant seedlings to employees and
karyawan serta penuangan celengan bambu. Pembagian bibit ini diharapkan bamboo piggy bank pouring event. The seedlings distribution is expected
dapat menumbuhkan kepedulian terhadap lingkungan dan mendorong to foster environmental awareness and encourage real contributions
kontribusi nyata dalam mewujudkan lingkungan yang lebih hijau dan sehat. toward a greener and healthier environment.
2023
Edukasi dan Inklusi Keuangan / Education and Financial Inclusion
Dalam rangka mendukung rangkaian program Bulan Inklusi Keuangan To support the series of Financial Inclusion Month programs held by
yang diadakan oleh Otoritas Jasa Keuangan, yaitu Road to Bulan Financial Services Authority, titled Road to Financial Inclusion Month
Inklusi Keuangan (BIK) pada bulan Oktober 2023, Asuransi Sinar Mas (BIK) in October 2023, Sinar Mas Insurance collaborated with Sumit
berkolaborasi bersama Asuransi Sumit Oto menyelenggarakan kegiatan Oto Insurance to organize Financial Literacy and Inclusion event for
Literasi dan Inklusi Keuangan bagi siswa-siswi SMA 13 Muhammadiyah SMA 13 Muhammadiyah students in West Jakarta. In the literacy event,
Jakarta Barat. Dalam pelaksanaan literasi, peserta diberikan materi participants are given material on financial management, introduction to
mengenai pengelolaan keuangan, pengenalan lembaga keuangan, serta financial institutions, and introduction to insurance in general.
pengenalan asuransi secara umum.
Melanjutkan kegiatan literasi keuangan bagi para pegiat UMKM dan Continuing the financial literacy event for MSME activists and fishermen.
nelayan. Literasi keuangan kali ini diberikan bagi UMKM serta nelayan dan The financial literacy was given for MSME and fishermen and held in
dilaksanakan bersamaan dengan penyelenggaraan Festival Fish Market conjunction with the 2023 Sewu Iwak Banyuwangi Fish Market Festival
Sewu Iwak Banyuwangi 2023 di Kampung Mandar, Banyuwangi. Acara in Mandar Village, Banyuwangi. The event was attended by 70 MSMEs
ini diikuti oleh 70 perwakilan UMKM dan nelayan dari berbagai wilayah di and fishermen representatives from various regions in Banyuwangi.
Banyuwangi. Asuransi Sinar Mas juga membagikan 7.200 Asuransi Mikro Sinar Mas Insurance also distributed 7,200 Simas Protection Micro
Simas Perlindungan dan Celengan Impian secara gratis bagi UMKM dan Insurance and Dream Piggy Banks for free to Banyuwangi MSME and
nelayan Banyuwangi. Seremonial penyerahan dilakukan kepada perwakilan fishermen. The handover ceremony was held with MSME and fishermen
UMKM dan nelayan pada tanggal 28 Juli 2023 serta disaksikan oleh Bupati representatives on 28 July 2023 and witnessed by Banyuwangi Regent,
Banyuwangi, Ipuk Fiestiandani, dan para Top Producer Partner pemenang ATC. Ipuk Fiestiandani, and ATC winning Top Producer Partners.
Dalam upaya untuk meningkatkan pemahaman dan literasi keuangan di In increasing financial understanding and literacy among students in
kalangan mahasiswa di Provinsi Jambi, Asuransi Sinar Mas bekerja sama Jambi Province, Sinar Mas Insurance is collaborating with Jambi Province
dengan Otoritas Jasa Keuangan Provinsi Jambi untuk mengadakan acara Financial Services Authority to hold educational event that focus on
edukasi yang berfokus pada asuransi dan keuangan. Acara ini berhasil insurance and finance. This event succeeded in drawing the attention
menarik perhatian lebih dari 1.000 peserta, yang mayoritas merupakan of more than 1,000 participants, most of them were Universitas Jambi
mahasiswa dan mahasiswi Universitas Jambi (UNJA). (UNJA) students.
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Sustainability Report
2023
Memberikan edukasi keuangan bagi para Ibu-Ibu Pemberdayaan Providing financial education for Family Welfare Empowerment (PKK)
Kesejahteraan Keluarga (PKK), Ketua Rukun Warga (RW), dan Petugas Mothers, Heads of Neighborhood (RW), and Public Infrastructure and
Penanganan Prasarana dan sarana Umum (PPSU). Melalui kegiatan Facilities Handling Officers (PPSU). With this event, participants are
ini, peserta diberikan pengetahuan mengenai perencanaan keuangan given knowledge on family financial planning and introduction to financial
keluarga serta pengenalan instrumen keuangan yang dapat digunakan instruments that can be used to manage finances, including insurance.
untuk mengelola keuangan, termasuk asuransi.
Dalam mendukung upaya Otoritas Jasa Keuangan untuk meningkatkan To support Financial Services Authority’s efforts to increase financial
literasi dan inklusi keuangan di wilayah desa, Asuransi Sinar Mas turut literacy and inclusion in villages, Sinar Mas Insurance is participating in
berpartisipasi memberikan literasi keuangan bagi masyarakat yang providing financial literacy for farmers in Air Sempiang Village, Kabawetan,
berprofesi sebagai petani di Desa Air Sempiang, Kabawetan, Kabupaten Kepahiang Regency, Bengkulu. A total of 100 farmers received Simas
Kepahiang, Bengkulu. Sebanyak 100 petani menerima Asuransi Mikro Protection Micro Insurance. Simas Protection is a micro insurance product
Simas Perlindungan. Simas Perlindungan merupakan produk asuransi providing 24-hours protection against the risk of death due to accidents
mikro yang memberikan perlindungan 24 jam terhadap risiko kematian covered by the policy, permanent disability due to accidents, as well as
akibat kecelakaan yang dijamin oleh polis, cacat tetap akibat kecelakaan, daily cash compensation.
serta santunan tunai harian.
Memberikan literasi keuangan bagi siswa-siswi SMA/SMK/MA di Kabupaten Providing financial literacy for SMA/SMK/MA students in Bungo Regency,
Bungo, Jambi yang diadakan bersama Otoritas Jasa Keuangan. Sebanyak Jambi held in collaboration with Financial Services Authority. A total of
250 siswa-siswi dan 100 guru mengikuti kegiatan serta mendapatkan 250 students and 100 teachers participated in the event and received
asuransi simas mikro gratis, meliputi Asuransi Simas Siswa Mikro bagi free micro simas insurance, including Simas Micro Student Insurance for
siswa, dan asuransi simas perlindungan bagi guru. Students, and protection simas insurance for teachers.
Pameran lembaga jasa keuangan atau Financial Expo (FinExpo) 2023 The 2023 financial services institutions exhibition or Financial Expo
kembali diselenggarakan dengan mengusung tema “Akses Keuangan Merata, (FinExpo) will be held again with the theme "Equal Financial Access,
Masyarakat Sejahtera”. Kegiatan FinExpo tahun 2023 merupakan rangkaian Prosperous Society". FinExpo activities in 2023 are a series of BIK
kegiatan BIK yang diinisiasi oleh Lembaga Jasa Keuangan, dan didukung activities initiated by the Financial Services Institution, and supported
oleh Otoritas Jasa Keuangan, Bank Indonesia, serta Lembaga Penjamin by the Financial Services Authority, Bank Indonesia, and the Deposit
Simpanan. Kegiatan ini diselenggarakan pada tanggal 26-29 Oktober 2023 Insurance Corporation. This activity will be held on 26-29 October 2023 and
dan berlokasi di Pakuwon Mall Jogjakarta. Asuransi Sinar Mas berpartisipasi is located at Pakuwon Mall Jogjakarta. Sinar Mas Insurance participated
dalam acara tersebut dengan membuka booth pameran bersama dengan in the event by opening a joint exhibition booth with PT Bank Sinarmas. In
PT Bank Sinarmas. Dalam event ini, ASM memberikan penawaran this event, ASM provides attractive offers for every purchase of insurance
menarik untuk setiap pembelian produk asuransi selama pameran product during the exhibition. The Financial Inclusion Month promotion
berlangsung. Promo Bulan Inklusi Keuangan di antaranya diskon sebesar includes a 25% discount for purchasing Simas Travel Overseas, Simas
25% untuk pembelian produk asuransi Simas Travel Overseas, Simas Pet, Simas Motor and Simas Mobil Exclusive insurance products. ASM also
Pet, Simas Motor, dan Simas Mobil Exclusive. ASM juga membagikan distributed story books about insurance, piggy banks and merchandise to
buku cerita mengenai asuransi, celengan, serta merchandise kepada visitors who carried out various social media activities at the ASM booth.
pengunjung yang melakukan berbagai aktivitas media sosial di booth ASM.
Pemberdayaan Masyarakat / Community Empowerment
Berpartisipasi menjadi sponsor dalam ajang balapan kendaraan air, Participated as a sponsor in the water vehicle racing event, Kopiko
yakni Kopiko F1 Powerboat di Danau Toba, Sumatra Utara pada tanggal F1 Powerboat on Lake Toba, North Sumatra on 24-26 February 2023,
24-26 Februari 2023, yang diikuti oleh 20 pembalap dari berbagai negara. attended by 20 racers of various countries. In the exhibition during
Dalam pameran yang berlangsung selama event, Sinar Mas yang diwakili the event, Sinar Mas, represented by Sinar Mas Insurance, displayed
oleh Asuransi Sinar Mas menampilkan berbagai produk asuransi unggulan various superior insurance products such as Simas Mobil, Simas Travel,
seperti Simas Mobil, Simas Travel, Simas Mikro, dan lain-lain. Booth juga Simas Micro, and others. The booth also displays the products of
menampilkan produk UMKM binaan yaitu Humbang Kriya. Humbang Kriya, an assisted MSME.
Menyelenggarakan pelatihan pengolahan minyak jelantah menjadi Organizing training to process used cooking oil into soap for communities
sabun bagi warga Kelurahan Kampung Bali, Jakarta Pusat. Pelatihan in Kampung Bali Sub-district, Central Jakarta. This training, held in
yang diadakan berkolaborasi dengan Tim Sustainable Indonesia collaboration with Sustainable Indonesia Team, aims to provide skills in
ini bertujuan untuk memberikan keterampilan dalam mengolah transforming waste into more useful products and creating new business
limbah menjadi barang yang lebih berguna dan dapat menjadi alternatives to improve the community’s economy. On this occasion, Sinar
alternatif usaha baru untuk meningkatkan ekonomi masyarakat. Pada Mas Insurance also distributed free Simas Micro insurance along with
kesempatan ini, Asuransi Sinar Mas juga membagikan asuransi Simas dream piggy banks to the training participants.
Mikro gratis beserta celengan impian bagi peserta pelatihan.
Menyelenggarakan pelatihan menganyam baion dan pembuatan produk Organized baion weaving training and making baion weaving finished
jadi berbahan anyaman baion bagi artisan di Kabupaten Humbang products for artisans in Humbang Hasundutan Regency. Sinar Mas Creative
Hasundutan. Rumah Kreatif Sinar Mas mencoba mengangkat kembali House is seeking to revive weaving/mangaletek activities that have been
kegiatan menganyam/mangaletek yang telah 40 tahun ditinggalkan, left for 40 years, to pass on the local wisdom in Humbang Hasundutan. The
agar dapat melanjutkan kearifan lokal di Humbang Hasundutan. Pelatihan basic weaving training was joined by 13 baion artisans, while the finished
menganyam dasar diikuti 13 artisan baion, sementara untuk pembuatan products making was joined by 10 participants consisting of mothers and
produk jadi diikuti oleh 10 peserta yang terdiri dari ibu-ibu dan remaja young women who already had sewing skills.
perempuan yang telah memiliki keterampilan menjahit.
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2023
Humbang Kriya, karya para artisan UMKM binaan Asuransi Sinar Mas, Humbang Kriya, the work of Sinar Mas Insurance assisted MSME
tampil memukau dalam fashion show dan pameran UMKM di Lake Toba artisans, looked stunning in the MSME fashion show and exhibition
Fashion Week 2023 (LTFW 2023) tanggal 6-8 Oktober 2023 di Sipinsur at Lake Toba Fashion Week 2023 (LTFW 2023) on 6-8 October
Geosite, Humbang Hasundutan, Sumatra Utara. Selama acara LTFW 2023 at Sipinsur Geosite, Humbang Hasundutan, North Sumatra. In
2023, Humbang Kriya tampil dalam 3 sesi fashion show yang berbeda. the LTFW 2023 event, Humbang Kriya appeared in 3 different fashion
Pada hari pertama, Humbang Kriya mempersembahkan 5 busana hasil show sessions. On the first day, Humbang Kriya presented 5 clothes
kolaborasi dengan desainer Nick Djatnika dan 5 busana dari SHINE in collaboration with designer Nick Djatnika and 5 clothes from SHINE
Collection by Humbang Kriya. Collection by Humbang Kriya.
Asuransi Sinar Mas dan Rumah Kreatif Sinar Mas mengadakan Training Sinar Mas Insurance and Sinar Mas Creative House held training and
dan Konser yang bertajuk Music is Fantastic. Training yang merupakan concerts called Music is Fantastic. The training, a program from Sinar Mas
program dari Sentra Audio Visual Rumah Kreatif Sinar Mas ini dibawakan Creative Home Audio Visual Center, was presented by Mauro Goia and
oleh Mauro Goia dan Mega Sihombing Goia. Acara ini bertujuan Mega Sihombing Goia. This event aims to give new knowledge and insight
untuk memberikan pengetahuan dan wawasan baru kepada musisi- to local musicians in Lake Toba area and Humbang Hasundutan Regency.
musisi lokal Kawasan Danau Toba dan Kabupaten Humbang Hasundutan.
UMKM Binaan Asuransi Sinar Mas, Humbang Kriya, berkolaborasi dengan Humbang Kriya, a Sinar Mas Insurance-assisted MSME, collaborated
desainer Asosiasi Perancang Pengusaha Mode Indonesia - Sumatra with Harry Hasibuan, a designer from Indonesian Fashion Entrepreneurs
Utara, Harry Hasibuan menghadirkan 10 koleksi busana cantik dan elegan Designers Association - North Sumatra, presented 10 beautiful and elegant
yang menggabungkan keindahan kain Humbang Shibori dan Humbang fashion collections, combining the beauty of Humbang Shibori and Humbang
EcoPrint di Sumut Fashion Week 2023. EcoPrint fabrics at North Sumatra Fashion Week 2023.
Donasi Lainnya / Other Donations
Dalam rangka menyambut Hari Raya Idul Fitri 1444 H, Asuransi Sinar Mas In commemorating Eid al-Fitr 1444 H, Sinar Mas Insurance and Sinar Mas
bersama dengan Asuransi Sinar Mas Unit Syariah kembali melakukan Insurance Sharia Unit conducted CSR activities by distributing basic food
kegiatan CSR melalui pembagian paket sembako bagi masyarakat kurang packages for underprivileged communities in 3 locations surrounding
mampu di 3 lokasi sekitar kantor Asuransi Sinar Mas. Asuransi Sinar Mas Sinar Mas Insurance office. Sinar Mas Insurance distributed 500 basic
membagikan 500 paket sembako kepada warga di Kelurahan Kampung food packages to residents of Kampung Bali Sub-district, 200 basic food
Bali, 200 paket sembako di Kelurahan Kramat Pela, dan 200 paket packages in Kramat Pela Sub-district, and 200 basic food packages in
sembako di Kelurahan Rawa Terate. Paket sembako terdiri dari beras 5kg, Rawa Terate Sub-district. The basic food package consists of 5kg rice,
minyak goreng 1 liter, margarin, biskuit, dan tisu basah. 1 liter cooking oil, margarine, biscuits and wet tissue.
Asuransi Sinar Mas, bersama 11 perusahaan ceeding, turut berpartisipasi Sinar Mas Insurance, along with 11 ceding companies, participated in
dalam kegiatan CSR yang diselenggarakan oleh PT Maskapai Reasuransi CSR activities organized by PT Maskapai Reinsurance Indonesia Tbk
Indonesia Tbk di Pulau Pramuka. Kegiatan bertema Voluntrip on Pramuka Island. The event, titled Voluntrip #SeaTheKindness consists
#SeaTheKindness ini terdiri dari bantuan sembako untuk 280 keluarga, of basic food assistance for 280 families, equipment assistance for
bantuan peralatan untuk 111 nelayan, penanaman 40 terumbu karang, dan 111 fishermen, planting 40 coral reefs, and 175 mangrove trees in Pramuka
175 pohon bakau di wilayah Pulau Pramuka. Island area.
Asuransi Sinar Mas dan Yayasan Budha Tzu Chi Sinar Mas Jakarta Sinar Mas Insurance and Sinar Mas Jakarta Tzu Chi Buddhist Foundation
melakukan penyerahan bantuan bagi para korban banjir bandang dan handed over aid to victims of flash floods and landslides in Simangulampe
longsor menerjang Desa Simangulampe Kecamatan Bakti Raja, Kabupaten Village, Bakti Raja District, Humbang Hasundutan Regency, North
Humbang Hasundutan, Sumatra Utara. Bantuan diberikan dalam bentuk Sumatra. Aids provided are in the form of clothes, milk, baby equipment
pakaian, susu, perlengkapan bayi, dan perlengkapan sekolah. and school supplies.
PT Asuransi Simas Jiwa
2025
Literasi dan Inklusi Keuangan / Financial Literacy and Inclusion
Literasi Keuangan / Financial Literacy
Pada tahun 2025, Asuransi Simas Jiwa (ASJ) menyelenggarakan kegiatan In 2025, Asuransi Simas Jiwa (ASJ) held financial literacy activities in
literasi keuangan dalam beberapa konsep/tema, yaitu: several concepts/themes, namely:
• Bukber Gaya Hidup atau Kebutuhan; • Breaking Fasting: Lifestyle or Necessity;
• Yuk Mengenal Istilah-Istilah dalam Asuransi Syariah; • Getting To Know Sharia Insurance Terms;
• THR Habis dalam 3 Hari; • Holiday Bonus Gone in 3 Days;
• Menjadi Financial Planner untuk Diri Sendiri; • Becoming a Financial Planner for Yourself;
• Gaji Kecil Susah Nabung?!!; • Saving Challenges of Tiny Salary?!!;
• Gaji Bukan Dihabisin, Tapi Diatur; • Manage Your Salary, Instead of Spending It;
• Hindari Kesalahan dalam Membuat Warisan; • Avoid Mistakes in Estate Planning;
• GenZ Harus Cerdas Finansial; • GenZ Must Be Financially Smart;
• Merdeka Finansial; • Financial Independence;
• Rahasia Keuangan Cerdas di Bulan Ramadhan; • Smart Financial During Ramadhan;
• In This Economy Belum Mikirin Masa Depan?; serta • Not Thinking About the Future in This Economy?; and
• Legacy for Your Generasi. • Legacy for Your Generation.
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Sustainability Report
2025
Inklusi Keuangan / Financial Inclusion
Kegiatan literasi keuangan pada tahun 2025 terdiri dari: Financial literacy activities in 2025 consist of the following:
• Ramadan Delight Market; • Ramadan Delight Market;
• ASJ & Bank CCBI mengadakan kegiatan inklusi di Sekolah Pahoa • ASJ & Bank CCBI held inclusion activity at Pahoa School (Banten); and
(Banten); serta
• Sinarmas Digital Day. • Sinarmas Digital Day.
2024
Literasi dan Inklusi Keuangan / Financial Literacy and Inclusion
Literasi Keuangan / Financial Literacy
Sepanjang tahun 2024, Asuransi Simas Jiwa (ASJ) memberikan edukasi Throughout 2024, Asuransi Simas Jiwa (ASJ) provided education on
tentang pentingnya merawat diri dengan cara memiliki proteksi untuk the importance of self-care by having protection for the future by utilizing
masa depan menggunakan asuransi melalui berbagai konsep/tema, yakni: various concept/theme of insurance, including:
• For a Better Life; • For a Better Life;
• Simas Goes to School; • Simas Goes to School;
• Be Frugal, Not Miserable; • Be Frugal, Not Miserable;
• Kenapa Sih Sehat Itu Mahal?; • Why Health So Expensive?;
• Wisdom and Love: Legacy of Mothers; serta • Wisdom and Love: Legacy of Mothers; and
• Gengsi, Gen Z, and Money. • Status, Gen Z, and Money
Inklusi Keuangan / Financial Inclusion
ASJ menjadi sponsor di acara Hi Drone di PIK 2, 17 Mei 2024. Pada ASJ sponsored the Hi Drone event at PIK 2 on 17 May 2024. At this event,
kegiatan ini, Simas Jiwa membuka booth untuk menarik komunitas MoGe Simas Jiwa set up a booth to engage the MoGe community and provided
kemudian akan dijelaskan mengenai produk dari Asuransi Simas Jiwa. information about Simas Jiwa’s Insurance products.
ASJ melakukan kegiatan Rencana Aksi Keuangan Berkelanjutan (RAKB) ASJ held the Sustainable Financial Action Plan (RAKB) titled “Living
yang berjudul "Living Community Make Over". Acara ini dilakukan di Community Make Over”. This event was held in Petamburan 1 and
Petamburan 1 dan dilakukan dalam 3 tahap yaitu, 8 Juni, 3 Agustus, dan conducted in 3 stages, on 8 June, 3 August, and 18 September. This
18 September. Kegiatan ini bertujuan untuk mengajak warga Petamburan event aimed to raise awareness among Petamburan residents to maintain
sadar dan peduli terhadap kebersihan lingkungan tempat tinggalnya dan cleanliness of their environment and not to litter.
tidak membuang sampah sembarangan lagi.
ASJ ikut serta di acara Sinarmas Digital Day dengan dilaksanakan pada ASJ participated in Sinarmas Digital Day event on 27-28 September at
27-28 September, ICE BSD. Pada kegiatan ini, ASJ membuka booth dan ICE BSD. At this event, ASJ set up a booth and a claw machine to attract
juga menyediakan claw machine untuk menarik pengunjung yang datang visitors, followed by explanation of Simas Jiwa’s Insurance products.
dan kemudian akan dijelaskan mengenai produk dari Asuransi Simas Jiwa.
ASJ mengadakan launching produk "SiJi Proteksi Pasti" yang bekerja ASJ launched "SiJi Proteksi Pasti" product in collaboration with China
sama dengan China Construction Bank Indonesia pada 28 November. Construction Bank Indonesia on 28 November. ASJ set up a booth and
Pada kegiatan ini, ASJ membuka booth dan juga menjelaskan mengenai gave information about Simas Jiwa insurance products.
produk dari Asuransi Simas Jiwa.
ASJ mengadakan customer gathering dengan nasabah Bank Sinarmas di ASJ organized a customer gathering with Bank Sinarmas customers
Angke Heritage, PIK 2 pada 6 Desember. Pada kegiatan ini, Simas Jiwa at Angke Heritage, PIK 2, on 6 December. During this gathering, Simas
membuka kesempatan untuk nasabah melakukan top up produk "SiJi Jiwa provided an opportunity for customers to top up their "SiJi Fixed
Fixed Link". Link" product.
ASJ menjadi salah satu sponsor acara Musyawarah Nasional Perhimpunan ASJ was one of the sponsors of 5th National Congress of Indonesian
Anak Transmigran Republik Indonesia (PATRI) ke-5 pada 18 Desember Transmigrant Children Association (PATRI) on 18 December, held at
di Gedung Kementerian Transmigrasi. Pada kegiatan ini ASJ membuka Ministry of Transmigration Building. At this event, ASJ set up a booth and
booth dan juga menjelaskan mengenai produk dari Asuransi Simas Jiwa. gave information on Simas Jiwa’s Insurance products.
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2025 Annual Report
2023
Literasi dan Inklusi Keuangan / Financial Literacy and Inclusion
Literasi Keuangan / Financial Literacy
Sepanjang tahun 2023, Asuransi Simas Jiwa (ASJ) memberikan edukasi Throughout 2023, Asuransi Simas Jiwa (ASJ) provided education on
tentang pentingnya merawat diri dengan cara memiliki proteksi untuk the importance of self-care by having protection for the future by utilizing
masa depan menggunakan asuransi melalui berbagai konsep/tema, yakni: various concept/theme of insurance, namely:
• Weekly Syariah Penuh Berkah; • Weekly Sharia Full of Blessings;
• Weekly Smart with Bancassurance Edisi Bulan Inklusi Keuangan; • Weekly Smart with Bancassurance Financial Inclusion Month Edition;
• How to Win from Small Things Edisi Hari Kemerdekaan; • How to Win from Small Things Independence Day Edition;
• Happy Week with Agency; • Happy Week with Agency;
• Let’s Make Your Journey on the Board More Comfortable Edisi Hari • Let’s Make Your Journey on the Board More Comfortable World Day
Peringatan Sedunia untuk Korban Lalu Lintas; of Remembrance for Road Traffic Victims;
• Happiness VS Healthy Edisi Merawat Diri Nasional; • Happiness VS Healthy National Self Care Day Edition;
• How to Win from Small Things Edisi Hari Anak Jakarta Membaca; • How to Win from Small Things Jakarta Children Reading Day Edition;
• Smart Week with Digital Insurance Edisi Bulan Inklusi Keuangan; dan • Smart Week with Digital Insurance Financial Inclusion Month Edition;
and
• Impulsif Menjelang Gajian Edisi Tanggal Muda. • Being Impulsive at the Beginning-of-Month Payday Edition.
Inklusi Keuangan / Financial Inclusion
Kegiatan Inklusi Keuangan di Persiapan Anak Usia Dini (PAUD) Mekar. Financial Inclusion activity at Early Childhood Education (PAUD) Mekar.
ASJ menjadi sponsor di acara Siminvestival di Institut Pertanian Bogor. ASJ sponsored the Siminvestival event at Institut Pertanian Bogor. In this
Pada kegiatan ini, ASJ membuka photo box untuk menarik mahasiswa event, ASJ opened a photo box to attract students and explain about its
dan menjelaskan produk yang dimiliki. products.
Berpartisipasi dalam perayaan ulang tahun J Trust Bank Mandiri yang ke-8, Participated in the 8th anniversary celebration of J Trust Bank Mandiri, featuring
dimeriahkan oleh aneka games dan door prize, serta pengenalan produk various games and door prizes, as well as introduction of bancassurance
bancassurance bagi pengunjung mall, serta karyawan J Trust Bank Mandiri. products for mall visitors and J Trust Bank Mandiri employees.
Pemberdayaan Masyarakat / Community Empowerment
Pada Maret 2023, ASJ menyelenggarakan program kesadaran menjaga In March 2023, ASJ held an awareness program for environment
dan melestarikan lingkungan hidup dengan kegiatan penghijauan, yakni protection and preservation through reforestation activities, namely
penanaman batang pohon dan/atau tanaman hias, serta pembagian planting tree trunks and/or ornamental plants, as well as distributing plant
pupuk tanaman berupa 10 polybag pucuk merah, 10 polybag jeruk fertilizer of 10 polybags of red shoots, 10 polybags of nagami oranges,
nagami, 10 polybag jeruk limo, 10 polybag jambu kristal, 10 polybag 10 polybags of limo oranges, 10 polybags of guava crystals, 10 polybags
jambu air, 40 pot kecil, 20 pot besar, 50 media tanam, dan 100 m rumput of water guava, 40 small pots, 20 large pots, 50 planting media, and
gajah mini di Ruang Publik Terpadu Ramah Anak, Kelurahan Gondangdia, 100 m of mini elephant grass at Child-Friendly Integrated Public Space,
Jakarta Pusat. Gondangdia Sub-district, Central Jakarta.
Kesehatan / Health
Menyambut Hari Kesehatan Nasional, ASJ menyelenggarakan Medical In commemorating the National Health Day, ASJ held a free Medical
Check-Up (MCU) secara gratis dengan jumlah peserta sebanyak Check-Up (MCU) with 177 participants at Lobby Tower 2 Sinar Mas Land
177 orang di Lobby Tower 2 Sinar Mas Land Plaza. Pada acara ini, dilakukan Plaza. In this event, free blood sugar, blood pressure, BMI checks and
pemeriksaan gula darah, tensi, BMI secara gratis, dan suntik vitamin C. Di vitamin C injections were performed. ASJ also opened a booth to inform
sisi lain, ASJ membuka booth untuk menginformasikan produk yang dimiliki. about the its products.
Donasi Lainnya / Other Donations
Pemberian bantuan CSR sebesar Rp10.000.000,- kepada Warga Donated Rp10,000,000 CSR assistance for communities of Gondangdia
Kelurahan Gondangdia, Jakarta Pusat. Sub-district, Central Jakarta.
Pemberian sponsorship kepada warga Kelurahan Gondangdia, serta Providing sponsorship for communities of Gondangdia Sub-district,
pemberian Asuransi Personal Accident gratis dengan uang pertanggungan and providing free Personal Accident Insurance with a sum insured of
sebesar Rp5.000.000,- bagi pegawai Kelurahan Gondangdia, Jakarta Pusat. Rp5,000,000 for Gondangdia Sub-district employees, Central Jakarta.
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Sustainability Report
PT Asuransi Simas Insurtech
2025
Edukasi dan Literasi Keuangan / Financial Education and Literacy
• Kegiatan literasi dan inklusi keuangan di SMA Islam Harapan Ibu • Financial literacy and inclusion activities in Harapan Ibu Islamic Senior
bekerja sama dengan Infobank pada tanggal 19 Maret 2025 di Pondok High School, in collaboration with Infobank on 19 March 2025 in Pondok
Pinang, Jakarta Selatan. Kegiatan ini diikuti oleh sekitar 200 peserta Pinang, South Jakarta. This event was participated by approximately
(siswa) dengan tema “Protect Your Future, Secure Your Dream”. 200 participants (students) with a theme “Protect Your Future, Secure
Your Dream”.
• Kegiatan literasi keuangan bagi pegiat UMKM yang diselenggarakan • Financial literacy for MSME practitioners, in collaboration with Asuransi
bekerja sama dengan Asuransi Sinar Mas pada tanggal 12 Agustus 2025 Sinar Mas on 12 August 2025 in Batam City, with approximately
di Kota Batam, dengan jumlah peserta sekitar 100 orang. 100 participants.
• Kegiatan literasi keuangan bekerja sama dengan Asuransi Sinar • Financial literacy activity, in collaboration with Asuransi Sinar Mas
Mas pada tanggal 17 September 2025 di Yogyakarta, dengan tema on 17 September 2025 in Yogyakarta, with a theme “Role of General
“Peran Asuransi Umum & Reasuransi dalam Mewujudkan Ketahanan Insurance & Reinsurance in Realizing Financial Resilience and Risk
Keuangan dan Perlindungan Risiko di Indonesia”. Kegiatan ini diikuti Protection in Indonesia". This event was participated by approximately
oleh sekitar 100 peserta (mahasiswa). 100 participants (college students).
2024
Mengadakan kegiatan literasi dan inklusi keuangan bekerja sama dengan Carrying out financial literacy and inclusion event in collaboration with
Infobank di SMA Dwiwarna, Parung, Bogor, pada 2 Mei 2024. Infobank at SMA Dwiwarna, Parung, Bogor, on 2 May 2024.
Mengadakan kegiatan literasi dan inklusi keuangan di Panti Asuhan Carrying out financial literacy and inclusion event at the Muhammadiyah
Muhammadiyah dan Aisyiyah, Belitung, pada 28 Juni 2024, yang diikuti and Aisyiyah Orphanage, Belitung, on 28 June 2024, participated by
oleh 70 peserta. 70 participants.
Mengadakan kegiatan literasi dan inklusi keuangan bekerja sama dengan Carrying out financial literacy and inclusion event in collaboration with
Asuransi Sinar Mas di SMP Frater, Kendari, Sulawesi Tenggara, pada Sinar Mas Insurance at SMP Frater, Kendari, Southeast Sulawesi, on
20 September 2024. 20 September 2024.
Mengadakan kegiatan literasi dan inklusi keuangan bekerja sama dengan Carrying out financial literacy and inclusion event in collaboration with
Asuransi Sinar Mas bagi siswa dan nelayan di Sorong, Papua Barat Daya, Sinar Mas Insurance for students and fishermen in Sorong, Southwest
yang dilaksanakan pada 26 September 2024. Papua, on 26 September 2024.
2023
Edukasi dan Literasi Keuangan / Financial Education and Literacy
Melaksanakan program literasi dan inklusi keuangan di Kampung Bali, Carrying out financial literacy and inclusion program in Kampung Bali,
Jakarta dan SD Leuwiranji 5, Bogor. Jakarta and SD Leuwiranji 5, Bogor.
Mengadakan acara literasi dan inklusi keuangan berkolaborasi dengan Carrying out financial literary and inclusion event, in collaboration with
Asuransi Sinar Mas di Kampung Bali, Jakarta. Sinar Mas Insurance in Kampung Bali, Jakarta.
PT Reasuransi Nusantara Makmur PT Reasuransi Nusantara Makmur
Sesuai dengan Peraturan Otoritas Jasa Keuangan No. 3 In line with the Financial Services Authority Regulation
Tahun 2023 tentang Peningkatan Literasi dan Inklusi No. 3 of 2023 on Enhancement of Financial Literacy and
Keuangan di Sektor Jasa Keuangan bagi Konsumen dan/atau Inclusion in Financial Services Sector for Consumers and/or
Masyarakat, perusahaan reasuransi termasuk pihak yang Public, reinsurance companies are among the parties exempted
dikecualikan dari ketentuan pelaksanaan program literasi from the requirement to implement financial literacy and inclusion
dan inklusi keuangan sebagaimana diatur dalam Pasal 36. program as stipulated in Article 36. However, PT Reasuransi
Meskipun demikian, PT Reasuransi Nusantara Makmur tetap Nusantara Makmur remains committed in contributing to
berkomitmen untuk berkontribusi dalam meningkatkan improve public understanding of financial management by
pemahaman masyarakat terhadap pengelolaan keuangan melalui implementing social responsibility activities that are focused on
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Laporan Tahunan 2025
2025 Annual Report
pelaksanaan kegiatan tanggung jawab sosial yang berfokus financial literacy and inclusion program, particularly related to
pada program literasi dan inklusi keuangan, khususnya terkait financial planning, insurance, and reinsurance.
perencanaan keuangan, asuransi, dan reasuransi.
PT Sinar Mas Multifinance
2025
Literasi dan Inklusi Keuangan / Financial Literacy and Inclusion
• Kegiatan Literasi: Perseroan mengunggah konten pada Official Account • Financial Literacy: the Company uploaded content on its Official
Instagram (@simasfinance.id) mengenai serba-serbi perusahaan Instagram Account (@simasfinance.id) on finance company insights
pembiayaan pada 30 Juni 2025. on 30 June 2025.
• Kegiatan Inklusi: Perseroan melakukan sosialisasi produk PPIH dalam • Inclusion Activity: the Company held a dissemination of PPIH products
kegiatan Majelis Taklim An-Nisa yang berlangsung di Jatinegara, in Majelis Taklim An-Nisa in Jatinegara, East Jakarta on 19 April 2025.
Jakarta Timur pada 19 April 2025.
• Partisipasi Perseroan dalam kegiatan Multifinance Day 2025 yang • The Company participated in Multifinance Day 2025 held in Atrium
diselenggarakan di Atrium 3 Manado Town Square, Manado, Sulawesi 3 Manado Town Square, Manado, North Sulawesi on 10-12 October 2025.
Utara pada 10-12 Oktober 2025.
Donasi Lainnya / Other Donations
• Perseroan bersama relawan Tzu Chi mengadakan kunjungan ke Panti • The Company and Tzu Chi volunteers visited the Hati Bangsa
Asuhan Hati Bangsa di Kecamatan Penjaringan, Jakarta Utara pada Orphanage in Penjaringan District, North Jakarta on 14 June 2025.
14 Juni 2025. Kegiatan yang berlangsung pukul 10.00-14.30 WIB ini This event, held from 10.00-14.30 WIB, was aimed to provide
bertujuan memberikan edukasi, kebahagiaan, serta bantuan kepada education and donation to the children at the orphanage. This event
anak-anak di panti tersebut. Acara diikuti oleh 36 anak panti yang was attended by 36 orphanage children, accompanied by 5 Tzu Chi x
didampingi oleh 5 relawan Tzu Chi x Sinar Mas Multifinance, 2 relawan Sinar Mas Multifinance volunteers, 2 Tzu Chi Sinar Mas volunteers, and
Tzu Chi Sinar Mas, serta 4 relawan eksternal. 4 external volunteers.
• Perseroan bersama relawan Tzu Chi mengadakan kunjungan ke Panti • The Company and Tzu Chi volunteers visited Wisma Sahabat Baru
Jompo Wisma Sahabat Baru di Duri Kepa, Kecamatan Kebon Jeruk, Nursing Home at Duri Kepa, Kebon Jeruk District, West Jakarta on
Jakarta Barat pada 29 November 2025. Kegiatan yang berlangsung 29 November 2025. The event, held from 10.00-12.00 WIB, was
pukul 10.00-12.00 WIB ini bertujuan memberikan cinta kasih, aimed to share love, happiness, and assistance to the nursing home
kebahagiaan, serta bantuan kepada para penghuni panti. Sebanyak residents. A total of 16 elderly residents and 8 sisters participated in this
16 opa dan oma serta 8 suster mengikuti kegiatan ini, didampingi oleh event, accompanied by 5 Tzu Chi x Sinarmas Multifinance volunteers,
5 relawan Tzu Chi x Sinarmas Multifinance, 1 relawan eksternal, dan 1 external volunteer, and 2 volunteers from the Company.
2 relawan dari Perusahaan.
2024
Literasi dan Inklusi Keuangan / Financial Literacy and Inclusion
PT Sinar Mas Multifinance bekerja sama dengan Nanovest PT Sinar Mas Multifinance, in collaboration with Nanovest, organized
menyelenggarakan kegiatan edukasi dan literasi keuangan bertema an educational and financial literacy event themed “Understanding
“Pemahaman terhadap Instrumen Investasi - Menggali Potensi Investasi Investment Instruments - Exploring the Potential of Investment 4.0".
4.0”. Kegiatan ini dilaksanakan secara hybrid, baik secara langsung The event was held in a hybrid format, both live and via Instagram Live
maupun melalui fitur Live Instagram. Dalam sesi ini, Sinar Mas Multifinance feature. At this event, Sinar Mas Multifinance, together with Nanovest
bersama narasumber dari Nanovest menjelaskan jenis-jenis, manfaat, dan speakers, explained the types, benefits, and risks of various investment
risiko berbagai instrumen investasi, serta membagikan tips dalam memilih instruments, and shared tips on how to choose investments that fits an
investasi yang sesuai dengan profil risiko masing-masing individu. individual’s risk profile.
Mengadakan edukasi dan literasi keuangan bagi masyarakat melalui Conducted public financial education and literacy by participating in
partisipasi dalam acara “Multifinance Day 2024” yang diselenggarakan “Multifinance Day 2024” organized by the Indonesian Finance Company
oleh Asosiasi Perusahaan Pembiayaan Indonesia di GAIA Mall, Pontianak, Association at GAIA Mall, Pontianak, West Kalimantan, as part of Financial
Kalimantan Barat, sebagai bagian dari Bulan Inklusi Keuangan 2024. Inclusion Month 2024.
2023
Literasi dan Inklusi Keuangan / Financial Literacy and Inclusion
Pada Semester I 2023, Sinar Mas Multifinance telah melaksanakan In Semester I 2023, Sinar Mas Multifinance has conducted financial
kegiatan edukasi keuangan dalam bentuk sosialisasi dengan judul education activity through dissemination titled “Financial Literacy
“Program Edukasi Literasi Keuangan Generasi Milenial: Menjadi Milenial Education Program for Millennial Generation: Becoming Smart Millennials
Cerdas Dalam Merencanakan Keuangan”. Kegiatan tersebut bertujuan in Financial Planning”. The activity aims to provide education for Millennial
untuk memberikan edukasi kepada Generasi Milenial mengenai strategi Generation on important strategies and smart steps to wise money
penting dan langkah-langkah cerdas untuk mengelola uang dengan bijak, management, as well as explaining various things about Financing
serta menjelaskan serba-serbi mengenai Perusahaan Pembiayaan dan Companies and attended by 60 participants of the general public.
diikuti oleh masyarakat umum sebanyak 60 peserta. Pelaksanaan edukasi The education was done via Zoom on 27 June 2023.
dilakukan melalui aplikasi Zoom pada tanggal 27 Juni 2023.
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2023
Sinar Mas Multifinance juga melaksanakan kegiatan inklusi keuangan Sinar Mas Multifinance also conducted financial inclusion activities
dengan ruang lingkup kegiatan Perluasan Akses terhadap produk New Car covering the Access Expansion of New Car product titled “SMMF Test
dengan tajuk “SMMF Test Drive New Car with Dealer”. Kegiatan tersebut Drive New Car with Dealer”. The activity was held in collaboration with
diselenggarakan bekerja sama dengan dealer Mitsubishi dan Honda yang Mitsubishi and Honda dealers targeting general public and attended
menyasar masyarakat umum dan diikuti oleh 12 orang dari masyarakat by 12 people of the general public conducted test drive. The Company
umum yang melakukan test drive. Test Drive ini diselenggarakan oleh held the Test Drive every day except on Sundays and national
Perseroan setiap hari kecuali hari Minggu dan hari libur nasional mulai dari holidays from 11 March 2023 to 11 April 2023 in Bogor City, West Java.
tanggal 11 Maret 2023 hingga 11 April 2023 di Kota Bogor, Jawa Barat.
Pada Semester II 2023, Sinar Mas Multifinance telah melaksanakan In Semester II 2023, Sinar Mas Multifinance has conducted financial literacy
kegiatan literasi dan inklusi keuangan dalam bentuk sosialisasi pada acara and inclusion activities through dissemination during the “Multifinance Day
“Multifinance Day 2023” yang diselenggarakan bekerja sama dengan 2023” event, held in collaboration with Indonesian Finance Company
Asosiasi Perusahaan Pembiayaan Indonesia (APPI) di Atrium Palembang Association (APPI) at Palembang Indah Mall Atrium, Palembang City,
Indah Mall, Kota Palembang, Sumatra Selatan selama 3 hari, yaitu pada South Sumatra for 3 days, from 13-15 October 2023. This activity aims to
tanggal 13-15 Oktober 2023. Kegiatan tersebut bertujuan untuk memberikan provide education for general public over the various aspects of Financing
edukasi kepada masyarakat umum mengenai serba-serbi Perusahaan Companies and attended by 68 participants of the general public.
Pembiayaan yang diikuti oleh 68 peserta dari masyarakat umum.
Pendidikan / Education
Sebagai langkah nyata Sinar Mas Multifinance dalam mendukung As concrete realization of Sinar Mas Multifinance efforts in supporting
terciptanya bibit-bibit muda yang berbakat di bidang olahraga khususnya the emergence of young talents in sports, particularly in Futsal,
pada cabang Futsal, Sinarmas Multifinance Syariah yang merupakan Sinarmas Multifinance Syariah, the Company’s Sharia Business Unit
Unit Usaha Syariah (UUS) Perseroan menjadi salah satu sponsor pada (SBU) sponsored the Futsal Tournament of SMP Dr. Soetomo Surabaya
Turnamen Futsal SMP Dr. Soetomo Surabaya yang mempertemukan that invited all elementary schools in Surabaya City. The tournament is
seluruh SD di Kota Surabaya. Turnamen tersebut diharapkan dapat expected to be a positive event for outstanding students.
menjadi wadah yang positif bagi siswa-siswi berprestasi.
PT AB Sinar Mas Multifinance
2025
Edukasi dan Literasi Keuangan / Financial Education and Literacy
Perusahaan mengadakan kegiatan edukasi dan literasi keuangan di Bogor The Company held an education and financial literacy event in Bogor
pada tanggal 10 Juni 2025. Selain itu, Perusahaan juga mengikuti kegiatan on 10 June 2025. The Company also participated in an offline education
edukasi dan literasi keuangan yang diselenggarakan secara offline and financial literacy event held by Indonesian Financing Companies
oleh Asosiasi Perusahaan Pembiayaan Indonesia di Manado pada tanggal Association in Manado, on 10-12 October 2025.
10-12 Oktober 2025.
Donasi Lainnya / Other Donations
Penggalangan dana untuk korban bencana alam banjir Sumatra. Fundraising for the victims of Sumatra flood.
Aktivitas Sosial Lainnya / Other Social Activities
Kegiatan pemeriksaan kesehatan karyawan secara berkala. Periodic employee health checks.
2024
Edukasi dan Literasi Keuangan / Financial Education and Literacy
Melaksanakan edukasi dan literasi keuangan di Depok pada 29 Mei 2024 Conducted financial education and literacy in Depok on 29 May 2024,
serta berpartisipasi dalam edukasi dan literasi keuangan yang and participated in financial education and literacy event held offline by
diselenggarakan secara offline oleh Asosiasi Perusahaan Pembiayaan Indonesian Finance Company Association at Gaia Bumi Raya City on
Indonesia di Gaia Bumi Raya City pada 11-13 Oktober 2024. 11-13 October 2024.
Donasi Lainnya / Other Donations
Pemberian dana kepada Yayasan Taman Paguyuban Mesan serta Donated fund to Taman Paguyuban Mesan Foundation, along with
penggalangan dana untuk korban bencana alam. fundraising for victims of natural disasters.
Aktivitas Sosial Lainnya / Other Social Activities
Menerapkan pengelolaan daur ulang sampah berdasarkan jenis, yakni Implementing waste recycling management by type, namely organic and
sampah organik dan non-organik. non-organic waste.
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2025 Annual Report
2023
Edukasi dan Literasi Keuangan / Financial Education and Literacy
Mengikuti edukasi dan literasi keuangan yang diadakan secara offline Participated in financial education and literacy held offline by
oleh Asosiasi Perusahaan Pembiayaan Indonesia di Palembang Indah Mall Indonesian Finance Company Association at Palembang Indah Mall on
pada tanggal 13-15 Oktober 2023. 13-15 October 2023.
Donasi Lainnya / Other Donations
Kegiatan penggalangan dana untuk karyawan dan/atau masyarakat yang Fundraising for employees and/or communities affected by Covid-19
terkena dampak akibat pandemi Covid-19. pandemic.
Aktivitas Sosial Lainnya / Other Social Activities
Menerapkan pengelolaan daur ulang sampah berdasarkan jenis, yakni Implementing waste recycling management by type, namely organic and
sampah organik dan non-organik. non-organic waste.
PT Sinarmas Sekuritas
2025
Literasi dan Inklusi Keuangan / Financial Literacy and Inclusion
Melaksanakan kegiatan literasi dan keuangan dalam program sebagai berikut. Conducted literacy and financial activities through the following programs.
• Hey Sim Goes to Office-Sinar Mas Land; • Hey Sim Goes to Office-Sinar Mas Land;
• Hey Sim Goes to Office-Asuransi Sinar Mas & Starpoin; • Hey Sim Goes to Office-Asuransi Sinar Mas & Starpoin;
• Hey Sim Goes to Campus-Universitas Petra; serta • Hey Sim Goes to Campus-Universitas Petra; and
• Hey Sim Goes to Office-Kompas.com • Hey Sim Goes to Office-Kompas.com
PT Sinar Mas Multiartha Tbk - 317
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Laporan Keberlanjutan
Sustainability Report
2025
Kesehatan / Health
Donor Darah Bersama Yayasan Buddha Tzu Chi Indonesia dan Yayasan
Kasih Anak Kanker Indonesia (YKAKI).
Blood Donation with Buddha Tzu Chi Indonesia Foundation and Kasih
Anak Kanker Indonesia Foundation (YKAKI).
Donasi Lainnya / Other Donations
SimInvest for Sumatra x Eka Tjipta Foundation.
SimInvest for Sumatra x Eka Tjipta Foundation.
2024
Literasi dan Inklusi Keuangan / Financial Literacy and Inclusion
Investor Appreciation Night & Market Outlook 2024 (Sinarmas Wealth Investor Appreciation Night & Market Outlook 2024 (Sinarmas Wealth
Concord Gala 2024) pada 9 Agustus 2024 di Hotel Mulia Jakarta. Concord Gala 2024) on 9 August 2024, at Hotel Mulia Jakarta.
Sekolah Pasar Modal: Petra Christian University pada 25 Oktober 2024 Capital Market School: Petra Christian University on 25 October 2024,
dengan tema “Funds: Investments for Tomorrow”. Acara ini diikuti themed “Funds: Investments for Tomorrow”. This event was attended
411 orang peserta dengan narasumber Ibu Cita Mellisa (Kepala Kantor by 411 participants with speakers, Mrs. Cita Mellisa (Head of Indonesia
Perwakilan Bursa Efek Indonesia Jawa Timur) dan Ibu Ike Widiawati Stock Exchange, East Java Representative Office) and Mrs. Ike Widiawati
(Head of Retail Research Sinarmas Sekuritas). (Head of Retail Research Sinarmas Sekuritas).
Capital Market Summit & Expo (CMSE) 2024 pada 7-9 November 2024. Capital Market Summit & Expo (CMSE) 2024 on 7-9 November 2024.
Webinar Market Outlook. Market Outlook Webinar.
Education for Community-HeySim Goes to Campus Universitas Panca Education for Community-HeySim Goes to Campus at Universitas Panca
Sakti Tegal pada 14 November 2024. Sakti Tegal on 14 November 2024.
SimInvestival Goes to Campus Universitas Kristen Petra Surabaya pada SimInvestival Goes to Campus at Universitas Kristen Petra Surabaya on
28 November 2024. 28 November 2024.
Kesehatan / Health
Donor Darah Bersama Yayasan Buddha Tzu Chi Indonesia. Blood Donation with Tzu Chi Foundation Indonesia.
Donasi Lainnya / Other Donations
Santunan ke Taman Asuhan Aisyiyah sebesar Rp10 juta. Donated Rp10 million to Aisyiyah Orphanage.
318 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
2023
Literasi dan Inklusi Keuangan / Financial Literacy and Inclusion
SimInvestival 2023 SimInvestival 2023
Program literasi dan edukasi seputar keuangan dan investasi dari SimInvest is an innovation from Sinarmas Sekuritas on literacy and education
SimInvest sebagai salah satu inovasi dari Sinarmas Sekuritas. Program ini program related to finance and investment. This program is targeting both
diperuntukkan bagi generasi milenial dan Z bekerja sama dengan institusi millennial and Z generations by collaborating with educational institutions,
pendidikan, pemerintah provinsi dan kota, komunitas pengusaha dan provincial and municipal governments, entrepreneur and capital market
pasar modal, serta startup atau pegiat pendidikan. communities, as well as startups or educational activists.
Sepanjang tahun 2023, perusahaan telah melakukan kerja sama dalam In 2023, the Company collaborated with various institutions to host
pelaksanaan SimInvestival dengan berbagai institusi, antara lain Institut SimInvestival, such as Institut Pertanian Bogor, Stockprime APP,
Pertanian Bogor, Stockprime APP, Smartfren, dan ASM. SimIvestival telah Smartfren, and ASM. SimIvestival has been held in several locations, like
diadakan di beberapa lokasi, antara lain Korea Selatan, Jakarta, dan Bogor. South Korea, Jakarta and Bogor.
Sekolah Pasar Modal Capital Market School
Sekolah Pasar Modal (SPM) adalah sarana edukasi untuk para investor Capital Market School (SPM) is an educational platform for investor of any
pemula, menengah, hingga mahir yang merupakan kerja sama antara level (beginner, intermediate and advanced), held under the collaboration
Sinarmas Sekuritas dan Bursa Efek Indonesia. SPM diadakan setiap between Sinarmas Sekuritas and Indonesian Stock Exchange. SPM is
bulannya untuk para nasabah perusahaan. Pengajar SPM adalah held on monthly basis for the Company’s customers. Resource persons
pelaku-pelaku pasar modal yang sudah bergelut di dunia pasar modal featured in SPM are those who have been involved in the capital market
bertahun-tahun dan merupakan ahli di bidangnya. for years and are experts in their field.
Capital Market Summit & Expo Capital Market Summit & Expo
Sebagai bagian dari dukungan terhadap Bulan Inklusi Keuangan, Sinarmas As a token of support for Financial Inclusion Month, Sinarmas Sekuritas
Sekuritas hadir dalam acara Capital Market Summit & Expo (CMSE) yang attended the Capital Market Summit & Expo (CMSE) held for 3 days
digelar selama 3 hari pada tanggal 26-28 Oktober 2023 di Lobby & Main on 26-28 October 2023 at the Lobby & Main Hall of Indonesia Stock
Hall Bursa Efek Indonesia, Jakarta. Acara ini diselenggarakan oleh Bursa Exchange, Jakarta. The event was organized by the Indonesian Stock
Efek Indonesia, Kliring Penjaminan Efek Indonesia dan Kustodian Sentral Exchange, Indonesian Stock Market Clearing House and Indonesian
Efek Indonesia, didukung oleh Otoritas Jasa Keuangan. Central Securities Depository, supported by Financial Services Authority.
CMSE 2023 digelar dengan tema “Aku Investor Saham: Kebanggaan, CMSE 2023 was held under the theme “I’m a Stock Investor: Pride,
Inklusivitas, dan Kemajuan”. Kegiatan yang bertujuan untuk meningkatkan Inclusivity and Progress”. The event, aimed to increase awareness
awareness berinvestasi di pasar modal ini digelar dalam bentuk pameran, of investing in the capital market was held in the form of exhibitions,
seminar dan workshop, SPM, kompetisi Capital Market Got Talent, serta seminars and workshops, SPM, Capital Market Got Talent competition, as
hiburan lainnya. Pada gelaran CMSE 2023, Sinarmas Sekuritas dan well as other entertainment. In participating in the CMSE 2023, Sinarmas
Sinarmas Asset Management membuka booth di area Lobby Gedung Sekuritas and Sinarmas Asset Management opened a booth in the Lobby
Bursa Efek Indonesia. of Indonesian Stock Exchange Building.
Kesehatan / Health
Donor darah bersama Sinarmas Asset Management dalam rangka Selamat Blood Donation with Sinarmas Asset Management in celebrating World
Hari Kemanusiaan Dunia. Humanitarian Day.
Donor darah bersama Yayasan Tzu Chi Indonesia, Palang Merah Blood Donation with Tzu Chi Indonesia Foundation, Indonesian Red Cross,
Indonesia, dan Sinarmas LDA Maritime dengan mengusung tema “Mari and Sinarmas LDA Maritime with the theme “Let’s Donate Blood and
Berdonor Darah dan Tuang Celengan Bambu”. Bamboo Piggy Bank Pouring”.
Donasi Lainnya / Other Donations
Donasi dana sukarelawan karyawan Sinarmas Sekuritas kepada Yayasan Donated volunteer funds from Sinarmas Sekuritas employees to
Tri Asih yang menampung 50 anak tunagrahita berupa sembako, alat Tri Asih Foundation which accommodates 50 mentally disabled children in
mandi, dan alat kebersihan. the form of staple food, toiletries and cleaning equipment.
Sinarmas Sekuritas, melalui SiminvestPeople, memberikan santunan Sinarmas Sekuritas, via SiminvestPeople, donated Rp17,500,000 to
kepada Taman Asuhan Aisyiyah sebesar Rp17.500.000,-. Aisyiyah Orphanage.
PT Sinar Mas Multiartha Tbk - 319
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Laporan Keberlanjutan
Sustainability Report
PT Sinarmas Asset Management
2025
Donasi / Donations
• Donasi kepada Yayasan Kasih Anak Kanker Indonesia (YKAKI).
• Partisipasi dalam donasi Peduli Bencana Banjir dan Longsor melalui
Forum Komunikasi Industri Jasa Keuangan (FKIJK) Sumatra Barat.
• Donation to Kasih Anak Kanker Indonesia Foundation (YKAKI).
• Participated in Disaster Relief Donations for Victims of Flood and
Landslides through Financial Services Industry Communication Forum
(FKIJK) of West Sumatra.
2024
Edukasi dan Literasi Keuangan / Financial Education and Literacy
Investor Appreciation Night & Market Outlook 2024 (Sinarmas Wealth Investor Appreciation Night & Market Outlook 2024 (Sinarmas Wealth
Concord Gala 2024) pada 9 Agustus 2024 di Hotel Mulia Jakarta. Concord Gala 2024) on 9 August 2024, at Hotel Mulia Jakarta.
Capital Market Summit & Expo (CMSE) 2024 pada 7-9 November 2024. Capital Market Summit & Expo (CMSE) 2024 from 7-9 November 2024.
SimInvestival Goes to Campus Universitas Kristen Petra Surabaya pada SimInvestival Goes to Campus at Universitas Kristen Petra Surabaya on
28 November 2024. 28 November 2024.
Kesehatan / Health
Donor Darah Bersama Yayasan Buddha Tzu Chi Indonesia dan Sinarmas Blood Donation with Tzu Chi Foundation Indonesia and Sinarmas
Sekuritas. Sekuritas.
Donasi / Donations
Santunan ke Taman Asuhan Aisyiyah sebesar Rp10 juta. Donated Rp10 million to Aisyiyah Orphanage.
2023
Edukasi dan Literasi Keuangan / Financial Education and Literacy
Menyelenggarakan 4 kegiatan literasi dan inklusi keuangan, yakni Investor Conducting 4 financial literacy and inclusion activities, namely Investor
Gathering, Market Outlook, Shariah Investment Week bersama IDX, dan Gathering, Market Outlook, Shariah Investment Week in collaboration with
Capital Market Summit & Expo. IDX, and Capital Market Summit & Expo.
Kesehatan / Health
Donor darah bersama Sinarmas Sekuritas dalam rangka Selamat Hari Blood Donation with Sinarmas Sekuritas in celebrating World Humanitarian
Kemanusiaan Dunia. Day.
Donasi / Donations
Donasi untuk Panti Asuhan Aisyiyah, Menteng, Jakarta Pusat. Donations for the Aisyiyah Orphanage, located in Menteng, Central Jakarta.
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Laporan Tahunan 2025
2025 Annual Report
PT Sinarmas Ventura
2025
Edukasi dan Literasi Keuangan / Financial Education and Literacy
Bekerja sama dengan Universitas Prasetiya Mulya untuk pengenalan
lembaga pembiayaan modal ventura kepada mahasiswa.
Collaborating with Universitas Prasetiya Mulya on introducing venture
capital financing institution to college students.
2024
Edukasi dan Literasi Keuangan / Financial Education and Literacy
Bekerja sama dengan Universitas Prasetiya Mulya untuk pengenalan In collaboration with Universitas Prasetiya Mulya to introduce venture
lembaga pembiayaan modal ventura kepada mahasiswa. capital financing institutions to students.
2023
Edukasi dan Literasi Keuangan / Financial Education and Literacy
Bekerja sama dengan Universitas Prasetiya Mulya untuk pengenalan In collaboration with Universitas Prasetiya Mulya to introduce venture
lembaga pembiayaan modal ventura kepada mahasiswa. capital financing institutions to students.
PT Pasar Dana Pinjaman (Danamas)
2025
Edukasi dan Literasi Keuangan / Financial Education and Literacy
Pada tahun 2025, perusahaan melakukan kegiatan edukasi dan literasi In 2025, the Company held financial education and literacy activity
keuangan dalam kegiatan berikut: through the following events:
• Menelaah Cyber Security di Sektor Finansial Teknologi pada tanggal • Reviewing Cyber Security in Financial Technology Sector on
30 Juni 2025; serta 30 June 2025; and
• Protect Your Wallet and Your Data: Avoiding the Traps of Illegal Loans • Protect Your Wallet and Your Data: Avoiding the Traps of Illegal Loans
pada tanggal 17 Oktober 2025. on 17 October 2025.
2024
Edukasi dan Literasi Keuangan / Financial Education and Literacy
Menyelenggarakan kegiatan literasi dan inklusi keuangan melalui media Held regular financial literacy and inclusion events via social media
sosial Instagram secara rutin dengan total sebanyak 2 kali. Kegiatan ini Instagram, with a total of 2 sessions. These events will involve community
berupa sosialisasi kepada masyarakat dengan berbagai tema dengan tujuan outreach by covering various themes to provide knowledge and skills in
memberikan pengetahuan dan keterampilan dalam mengelola keuangan. managing finances.
2023
Edukasi dan Literasi Keuangan / Financial Education and Literacy
Menyelenggarakan kegiatan literasi dan inklusi keuangan melalui media Held regular financial literacy and inclusion events via social media
sosial Instagram secara rutin sebanyak 4 kali. Kegiatan berupa sosialisasi Instagram 4 times. These events will involve community outreach by
kepada masyarakat dengan berbagai tema, dengan tujuan memberikan covering various themes, to provide knowledge and skills in managing
pengetahuan dan keterampilan dalam mengelola keuangan. finances.
PT Sinar Mas Multiartha Tbk - 321
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Laporan Keberlanjutan
Sustainability Report
PT Wapindo Jasaartha
2025
Pemberdayaan Masyarakat / Community Empowerment
Melaksanakan Community Gathering bersama Rukun Living pada bulan Organizing Community Gathering with Rukun Living on December 2025.
Desember 2025.
Kesehatan / Health
Melaksanakan kegiatan kesehatan, yaitu: Implementing health activities, namely:
• Gebyar Skrining Terpadu bersama Puskesmas Tanah Abang pada • Integrated Screening Vaganza with Puskesmas Tanah Abang on
bulan Januari dan April 2025; January and April 2025;
• Wellness Program untuk karyawan Sinar Mas bulan Mei 2025; serta • Wellness Program for Sinar Mas employees on May 2025; and
• Kegiatan Prolanis pada bulan April dan Oktober 2025. • Prolanis (Chronic Disease Management Program) activity on April and
October 2025.
2024
Kesehatan / Health
Pada 8 Juli 2024, Klinik Utama Simas Sehat mengajukan biaya CSR On 8 July 2024, Simas Sehat Main Clinic proposed CSR funding to
untuk mendukung pelaksanaan kegiatan Mini Konvensi Mutu, berupa support the implementation of Mini Quality Convention event, through
pengadaan 3 unit Smart TV 40 inci senilai Rp8.000.000,-. Kegiatan ini procurement of 3 units 40-inch Smart TVs worth Rp8,000,000. This
bertujuan mendukung penilaian pengembangan produktivitas dan inovasi event aims to support the assessment of productivity development and
di lingkungan klinik. innovation within the clinic’s environment.
Dalam rangka memperingati Hari Kesehatan Nasional ke-60, Klinik To commemorate the 60th National Health Day, Simas Sehat Main Clinic
Utama Simas Sehat mengajukan biaya CSR untuk mendukung kegiatan proposed CSR funding to support an event themed “Moving Together,
bertema “Gerak Bersama Sehat Bersama” dengan sub-tema “Sehat untuk Healthy Together,” with sub-theme “Health for a Global Jakarta,
Jakarta Global, Mewujudkan Indonesia Emas 2045 melalui Kesehatan Realizing Golden Indonesia 2045 through Quality Healthcare". Held on
Berkualitas". Kegiatan yang diselenggarakan pada 4 Desember 2024 ini 4 December 2024, this event involved the Central Jakarta Health Office,
melibatkan Suku Dinas Kesehatan Jakarta Pusat, pemangku kepentingan stakeholders from the health sector, entrepreneurs, and private parties,
sektor kesehatan, wirausaha, dan pihak swasta, serta bertujuan aimed to promote a healthy lifestyle in the community. As a form of
mendorong pola hidup sehat di masyarakat. Sebagai bentuk dukungan, support, the clinic provided 2 units 24-inch TVs and 2 units standing fans
Klinik mengadakan 2 unit televisi 24 inci dan 2 unit kipas angin berdiri with a total value of Rp3,000,000.
dengan total nilai Rp3.000.000,-.
Sarana Pengaduan Masalah Community Complaint Channel [POJK.51-F.24]
Kemasyarakatan [POJK.51-F.24]
Sebagai bentuk upaya menjaga hubungan baik dengan As part of its efforts to maintain good relations with
masyarakat sekitar, Perseroan dan Entitas Anak menyediakan the surrounding communities, the Company and its Subsidiaries
sarana pengaduan. Masyarakat dapat menyampaikan keluhan provide a complaint channel. The public may submit complaints
terkait aktivitas operasional yang mengganggu kenyamanan regarding operational activities that may cause inconvenience
melalui email atau telepon yang tercantum di situs web resmi through the email or telephone numbers listed on the official
Perseroan dan Entitas Anak. Perseroan juga berkomitmen websites of the Company and its Subsidiaries. The Company
untuk menangani setiap pengaduan secara profesional dan is also committed to handling every complaint in a professional
bijaksana. Selama 3 tahun terakhir, tidak terdapat pengaduan and prudent manner. Over the past 3 years, there have been
yang disampaikan oleh masyarakat sekitar kepada Perseroan no complaints submitted by the surrounding communities to
maupun Entitas Anak. the Company or its Subsidiaries.
Biaya Pengembangan Sosial dan Social and Community Development Costs
Kemasyarakatan
Selama 3 tahun terakhir, Perseroan dan Entitas Anak telah Over the past 3 years, the Company and its Subsidiaries have
mengeluarkan biaya untuk kegiatan sosial dan kemasyarakatan, incurred expenses for social and community activities, as
sebagaimana dirinci pada tabel berikut. detailed in the following table.
322 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
(dalam jutaan Rupiah / in million Rupiah)
Nama Perusahaan
2025 2024 2023
Company Name
PT Sinar Mas Multiartha Tbk 22 165 1,087
PT Bank Sinarmas Tbk 1,215 1,786 2,483
PT Bank Nano Syariah 3,683 632 -
PT Asuransi Sinar Mas 537 547 420
PT Asuransi Simas Jiwa 56 45 38
PT Sinar Mas Multifinance 169 122 30
PT AB Sinar Mas Multifinance 40 55 50
PT Sinarmas Sekuritas 42 10 -
PT Sinarmas Aset Management 28 10 -
PT Wapindo Jasaartha 54 11 -
Total 5,846 3,166 4,266
Kepedulian terhadap Nasabah Customer Care
Nasabah memiliki peran strategis dalam setiap kebijakan dan Customers play a strategic role in every policy and business
langkah bisnis Perseroan. Oleh karena itu, layanan Perseroan decision of the Company. Therefore, the Company’s services are
difokuskan pada pemenuhan kebutuhan serta peningkatan focused on meeting customer needs and enhancing customer
kepuasan nasabah. Komitmen tersebut juga mencerminkan satisfaction. This commitment also reflects the Company’s
kepedulian Perseroan terhadap nasabah sebagai mitra utama concern for customers as its key partners in conducting
dalam menjalankan bisnis. [POJK.51-F.17] business. [POJK.51-F.17]
Program Peningkatan Kualitas Produk Product and Service Quality Improvement
dan Layanan Program
Perseroan bersama Entitas Anak menjalankan program The Company, together with its Subsidiaries, implements
peningkatan kualitas produk dan layanan guna menjaga programs to improve the quality of products and services in
kepercayaan serta loyalitas nasabah, mendorong inovasi, dan order to maintain customer trust and loyalty, foster innovation,
memenuhi harapan mereka. Program ini diwujudkan melalui: and meet customer expectations. These programs are carried
out through:
1. Penyediaan nomor kontak dan e-mail khusus; 1. Provision of special contact number and e-mail;
2. Pemanfaatan situs web Perseroan; serta 2. Utilization of Company’s website; and
3. Optimalisasi media sosial. 3. Optimalization of social media.
Kepedulian terhadap Kesehatan Nasabah Customer Health Care
Dalam menjaga kenyamanan dan kesehatan nasabah selama To ensure customer comfort and health during office
kunjungan ke kantor, Perseroan bersama Entitas Anak terus visits, the Company and its Subsidiaries continue to
menjalankan berbagai inisiatif, termasuk melanjutkan protokol implement various initiatives, including maintaining post-
kesehatan pascapandemi. Langkah-langkah seperti pengaturan pandemic health protocols. Measures such as queue
antrean, pembatasan kontak fisik, serta penyediaan layanan management, physical contact limitation, and the provision
e-channel diterapkan untuk memastikan pelayanan tetap of e-channel services are applied to ensure optimal service.
optimal. Inisiatif ini tidak hanya menjaga kualitas layanan, tetapi These initiatives not only maintain service quality but also
juga mendorong peralihan ke layanan digital yang lebih efisien encourage the transition to more efficient and practical digital
dan praktis. services.
Program Engagement Nasabah Customer Engagement Program
Program engagement nasabah dijalankan untuk memperkuat Customer engagement programs are carried out to strengthen
interaksi dan menjaga loyalitas nasabah dalam jangka panjang. interactions and maintain long-term customer loyalty. In
Dalam implementasinya, Perseroan menyelenggarakan berbagai implementing these programs, the Company organizes various
kegiatan, antara lain seminar, perayaan, dan aktivitas lainnya. activities, including seminars, celebrations, and other events.
PT Sinar Mas Multiartha Tbk - 323
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Laporan Keberlanjutan
Sustainability Report
Jaminan Perlindungan Simpanan Nasabah Customer Deposit Protection Guarantee
Perseroan sebagai perusahaan holding tidak secara langsung As a holding company, the Company does not directly collect
menghimpun dana maupun memiliki nasabah. Perlindungan funds or maintain customer accounts. Customer deposit
terhadap simpanan nasabah dijalankan melalui Entitas Anak protection is carried out through its Subsidiaries engaged in
yang bergerak di sektor perbankan dan jasa keuangan. Entitas the banking and financial services sectors. These Subsidiaries
Anak tersebut berpartisipasi dalam program Lembaga Penjamin participate in the Deposit Insurance Corporation (LPS) program
Simpanan (LPS) sesuai dengan Undang-Undang No. 24 in accordance with Law No. 24 of 2004, thereby ensuring
Tahun 2004, sehingga memberikan jaminan keamanan dan the security and certainty of customer deposits and investments.
kepastian atas dana simpanan serta investasi nasabah.
Jaminan Kerahasiaan Data Nasabah Customer Data Confidentiality Guarantee
Dalam menjaga kerahasiaan dan keamanan data nasabah, To maintain the confidentiality and security of customer data,
Perseroan bersama Entitas Anak mematuhi peraturan the Company and its Subsidiaries comply with applicable
perundang-undangan yang berlaku, antara lain Peraturan laws and regulations, including Financial Services Authority
Otoritas Jasa Keuangan (POJK) No. 1/2013, Surat Edaran Regulation (POJK) No. 1/2013, Financial Services Authority
Otoritas Jasa Keuangan (SEOJK) No. 14/2014, Undang-Undang Circular Letter (SEOJK) No. 14/2014, Law No. 27 of 2022
No. 27 Tahun 2022 tentang Perlindungan Data Pribadi, serta on Personal Data Protection, and POJK No. 22/2023. This
POJK No. 22/2023. Komitmen ini menjadi bagian dari upaya commitment forms part of the Company’s ongoing efforts to
berkelanjutan Perseroan dalam memberikan perlindungan provide optimal protection for its customers.
optimal bagi nasabah.
Pusat Pengaduan Nasabah Customer Complaint Centre
Dalam mengakomodasi kebutuhan dan keluhan nasabah, To accommodate customer needs and complaints,
Perseroan bersama Entitas Anak menyediakan pusat pengaduan the Company and its Subsidiaries provide a complaint center
yang dapat diakses melalui e-mail multiartha@smma.com accessible via e-mail at multiartha@smma.com or through
maupun kontak resmi yang tercantum di situs web the official contact channels listed on each Subsidiary’s website.
masing-masing Entitas Anak. Setiap laporan pengaduan Every complaint report is handled professionally in accordance
ditangani secara profesional sesuai prosedur yang berlaku. with applicable procedures. Over the past 3 years, there have
Selama 3 tahun terakhir, tidak terdapat laporan pengaduan been no significant complaints from individual or corporate
signifikan dari nasabah individu maupun korporasi yang diterima customers received by the Company or its Subsidiaries.
oleh Perseroan maupun Entitas Anak.
Survei Kepuasan Nasabah [POJK.51.F.30] Customer Satisfaction Survey [POJK.51.F.30]
Survei kepuasan nasabah dilaksanakan oleh Entitas Anak Customer satisfaction surveys are conducted by the Subsidiaries
sebagai sarana evaluasi dan untuk mengukur tingkat kepuasan as a means of evaluation and to measure the level of satisfaction
atas produk serta layanan yang diberikan. Pada tahun 2025, with the products and services provided. In 2025, the surveys
survei tersebut dilakukan oleh Bank Sinarmas, Asuransi Simas were carried out by Bank Sinarmas, Asuransi Simas Jiwa, and
Jiwa, dan Sinartama Gunita, dengan rincian sebagai berikut. Sinartama Gunita, with details as follows.
PT Bank Sinarmas Tbk PT Bank Sinarmas Tbk
Bank Sinarmas secara rutin melakukan survei untuk menilai Bank Sinarmas routinely conducts surveys to assess customer
tingkat kepuasan nasabah terhadap informasi yang disampaikan satisfaction with the information provided regarding its products
mengenai produk dan layanan. Untuk mendukung hal ini, Bank and services. To support this effort, the Bank applies 2 survey
menerapkan 2 metode survei guna memahami kebutuhan serta methods to gain a better understanding of customer needs and
ekspektasi nasabah dengan lebih baik, yakni: expectations, namely:
1. Nilai Kepuasan Nasabah melalui Tab/Scan QR 1. Customer Satisfaction Assessment via Tab/Scan QR
Nasabah akan memberikan penilaian untuk petugas Customer Customer will assess the serving Customer Service Sales
Service Sales Officer (CSSO)/Teller yang melayani dengan Officer (CSSO)/Teller by using tab/scan QR once they finish
menggunakan/tab/scan QR setiap selesai bertransaksi di the transaction with the CSSO and Teller, with 3 assessment,
CSSO dan Teller, dengan 3 penilaian yaitu poor, good, dan namely poor, good, and excellent. The survey results will
excellent. Hasil survei tersebut dianalisis per hari, khusus be analyzed daily, and specifically for poor assessment,
penilaian poor, maka Duta Service Quality (SQ) melakukan the Service Quality (SQ) Ambassador will make a confirmation
konfirmasi ke nasabah untuk dilakukan continuous to the customer for continuous improvement of SQ Division,
improvement Divisi SQ, dengan hasil sebagai berikut. with the following results.
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Laporan Tahunan 2025
2025 Annual Report
Tabel Nilai Koin Penilaian Kepuasan
Satisfaction Rating Coin Value Table
(dalam % / in %)
Poor Good Excellent
Uraian Description
2025 2024 2023 2025 2024 2023 2025 2024 2023
Kantor Konvensional 0.011 0.017 0.004 1.871 2.474 4.560 98.118 97.509 95.436 Conventional Office
Kantor Syariah 0.003 - 0.002 1.454 - 3.235 98.543 - 96.765 Sharia Office
Rata-Rata 0.014 0.017 0.002 3.325 2.474 3.898 98.331 97.509 96.101 Average
2. Customer Satisfaction Survey 2. Customer Satisfaction Survey
Bank melaksanakan Customer Satisfaction Survey dengan The Bank conducted a Customer Satisfaction Survey with
Net Promotor Score sebesar 88 pada tahun 2025, dengan Net Promoter Score of 88 in 2025, with the following details.
rincian sebagai berikut.
Uraian Survei Langsung Survei melalui Email
Total
Description Direct Survey Survey via Email
Nasabah
5,696 74 5,770
Customer
Rincian Customer Satisfaction Survey
Customer Satisfaction Survey Details
Uraian Nilai
Description Score
Branch Office 4.93
Tidak ada survei terkait Customer Care
Customer Care
No Customer Care-related survey
SimobiPlus 4.93
IB Personal 4.88
IB Business 4.88
ATM 4.90
PT Asuransi Simas Jiwa
Key Metrics 2025 2024 2023 Key Metrics
Customer Satisfaction Index (CSI) 4.43 4.43 4.49 Customer Satisfaction Index (CSI)
Net Promotor Score (NPS) 28.91 22.51 27.16 Net Promotor Score (NPS)
Customer Effort Score (CES) 4.33 4.27 4.46 Customer Effort Score (CES)
Product Relevancy 4.11 4.07 4.27 Product Relevancy
Puas Puas Puas
Kategori Category
Satisfied Satisfied Satisfied
Bobot Kategori Survei / Survey Category Weight:
• Sangat Puas=5 / Very Satisfied=5
• Puas=4 / Satisfied=4
• Cukup Puas=3 / Quite Satisfied=3
• Tidak Puas=2 / Not Satisfied=2
• Sangat Tidak Puas=1 / Very Dissatisfied=1
PT Sinar Mas Multiartha Tbk - 325
Page 328
Laporan Keberlanjutan
Sustainability Report
PT Sinartama Gunita
Hasil Survei Kepuasan Nasabah Tahun 2025
2025 Customer Satisfaction Survey Results
Tidak Kurang Cukup Sangat
Uraian Puas Puas Puas Puas Puas
Description Not Less Quite Satisfied Very
Satisfied Satisfied Satisfied Satisfied
Layanan jasa atas kegiatan Registrasi Efek
- - - 57 70
Services provided on Securities Registration
Layanan jasa atas pelaporan berkala (bulanan) atas kegiatan
Registrasi Efek
- - - 60 67
Services for periodic (monthly) reporting on Securities Registration
activities
Layanan jasa atas penyelenggaraan Rapat Umum Pemegang
Saham Tahunan/Luar Biasa
- - - 60 67
Services for holding the Annual/Extraordinary General Meeting of
Shareholders
Layanan jasa atas proses kegiatan Corporate Action
- - - 62 65
Services for the process of Corporate Action activities
Layanan jasa atas penyajian Daftar Pemegang Saham
- - - 63 64
Services for the presentation of the List of Shareholders
Layanan jasa atas jawaban dalam rangka konsultasi yang diberikan
kepada Emiten sehubungan dengan peraturan-peraturan pasar
modal dan jadwal-jadwal mengenai kegiatan Corporate Action - - - 58 69
Advisory services provided to the Issuer in relation to capital market
regulations and schedules concerning Corporate Action activities
Inovasi dan Pengembangan Produk dan/atau Innovation and Development of Sustainable
Jasa Keuangan Berkelanjutan [POJK.51.F.26] Financial Products and/or Services [POJK.51.F.26]
Guna menjaga kepuasan dan kepercayaan nasabah, Perseroan To maintain customer satisfaction and trust, the Company and
dan Entitas Anak secara berkelanjutan mengembangkan produk its Subsidiaries continuously develop products and services
dan layanan melalui berbagai inovasi. Adapun rincian inovasi through various innovations. The details of the innovations
yang telah dilakukan diuraikan sebagai berikut. carried out are described as follows.
PT Bank Sinarmas Tbk
Bank Sinarmas meyakini prinsip kesetaraan dalam pemberian layanan Bank Sinarmas believes in the principle of equality in providing services for
atas produk dan/atau jasa keuangan berkelanjutan. Sebagai bentuk sustainable financial products and/or services. As a form of responsibility
tanggung jawab kepada seluruh pemangku kepentingan, Bank beraspirasi to all stakeholders, the Bank aspires to provide equal products and services
untuk memberikan pelayanan produk dan jasa yang setara bagi semua for all customers and partners.
nasabah dan mitra.
Bank Sinarmas terus berupaya melakukan inovasi dan pengembangan Bank Sinarmas continues to innovate and develop products through
produk melalui transformasi digital guna menambah jumlah dan persentase digital transformation to increase the number and percentage of
produk dan jasa keuangan berkelanjutan. Pengembangan transformasi sustainable financial products and services. The development of digital
digital dalam keuangan berkelanjutan ini akan terus dilakukan hingga transformation in this sustainable finance will be continued until it
menjadi norma baru di dalam kegiatan operasional perbankan. Nasabah becomes the new norm in banking operations. Customers no longer need
tidak perlu lagi datang ke Bank untuk melakukan transaksi sehingga secara to visit the Bank to make transactions, indirectly reducing pollution and
tidak langsung dapat membantu pengurangan tingkat polusi dan emisi emission levels due to reduced transportation activities.
akibat berkurangnya aktivitas transportasi.
326 - PT Sinar Mas Multiartha Tbk
Page 329
Laporan Tahunan 2025
2025 Annual Report
PT Asuransi Sinar Mas
Sebagai bagian dari upaya menjaga keberlanjutan usaha, Asuransi Sinar As part of the efforts of maintaining business sustainability, Asuransi
Mas menjaga loyalitas tertanggung dengan mendorong inovasi dalam Sinar Mas is maintaining policyholder loyalty by encouraging innovation
pengembangan produk, pemasaran, distribusi, membangun saluran in product development, marketing, and distribution, establishing
pengaduan bagi Tertanggung sehingga seluruh kegiatan berlangsung complaint channel for Policyholders so that all activities are conducted
secara transparan. transparently.
Transparansi Perusahaan tercermin pada situs web yang menyediakan The Company’s transparency is reflected on its website, which provides
informasi komprehensif mengenai produk, termasuk manfaat, syarat dan comprehensive information regarding its products, including the benefits,
ketentuan, hak dan kewajiban para pihak, periode perjanjian, mekanisme terms and conditions, rights and obligations of the parties, contract period,
penyelesaian sengketa, informasi biaya administrasi, serta risiko yang melekat dispute resolution mechanism, information about administrative fee, as
di mana Asuransi Sinar Mas menyediakan Ringkasan Informasi Produk well as the inherent risks, where Asuransi Sinar Mas provides Information
dan Layanan Asuransi (RIPLAY). ASM terus berupaya mengembangkan Summary of Insurance Products and Services (RIPLAY). ASM continues to
dan meningkatkan kualitas layanan dengan mengutamakan kepuasan strive to enhance its service quality by prioritizing customer satisfaction.
nasabah.
In terms of operations, the Company is integrating its environmental,
Di sisi operasional, perusahaan mengintegrasikan prinsip environmental, social, and governance (ESG) principles into the underwriting process,
social, and governance (ESG) dalam proses underwriting serta memperkuat as well as strengthening its digital ecosystem to support the paperless
ekosistem digital untuk mendukung layanan tanpa kertas (paperless). services. These initiatives are expected to generate sustainable
Inisiatif tersebut diharapkan dapat memberikan manfaat ekonomi, sosial, dan economic, social, and environmental benefits for all stakeholders.
lingkungan secara berkelanjutan bagi seluruh pemangku kepentingan.
PT Asuransi Simas Jiwa
Terdapat 7 produk baru yang sudah mendapat persetujuan Otoritas Jasa 7 new products received approval from the Financial Services Authority,
Keuangan, yaitu: namely:
1. Simas Scholarship Protection; 1. Simas Scholarship Protection;
2. Simas Scholarship Protection Syariah; 2. Simas Scholarship Protection Syariah;
3. Simas Serenity Life; 3. Simas Serenity Life;
4. Asuransi Jiwa Kredit (Joint Life); 4. Credit Life Insurance (Joint Life);
5. Asuransi Jiwa Pembiayaan (Joint Life); 5. Financing Life Insurance (Joint Life);
6. Simas Prestige Link; serta 6. Simas Prestige Link; and
7. Simas Barakah Link. 7. Simas Barakah Link.
PT Asuransi Simas Insurtech
Sepanjang tahun 2025, Peseroan telah mengembangkan 4 produk asuransi Throughout 2025, the Company has developed 4 new insurance products,
baru, di antaranya: namely:
1. Simas Insurtech Heavy Equipment Insurance, yaitu produk asuransi 1. Simas Insurtech Heavy Equipment Insurance, an insurance product to
yang menjamin alat berat yang dimiliki oleh Tertanggung; cover heavy equipment owned by the Insured;
2. Professional Indemnity, yaitu produk asuransi yang menjamin profesional 2. Professional Indemnity, an insurance product to cover recognized
yang mempunyai profesi atau keahlian di bidang tertentu yang telah professional with expertise in specific field;
diakui dalam pekerjaannya;
3. Public Liability Insurance, yaitu produk asuransi yang menjamin kerugian 3. Public Liability Insurance, an insurance product to cover losses that
yang secara hukum menjadi kewajiban Tertangung untuk membayar legally become the Insured’s liability to pay indemnity in relation
ganti rugi sehubungan dengan usaha milik Tertanggung; serta the Insured’s business; and
4. Management Liability, yaitu produk asuransi yang menjamin kerugian 4. Management Liability, an insurance product to cover losses that legally
finansial langsung yang secara hukum menjadi kewajiban Tertanggung become the Insured’s liability to pay indemnity.
untuk membayar ganti rugi.
PT Sinar Mas Multifinance
Penyaluran pembiayaan untuk pembelian mobil baru bertenaga listrik dan Financing distribution to purchase new electric and hybrid cars.
hybrid.
PT Sinarmas Sekuritas
Produk utama: Main products:
• Brokerage • Brokerage
• Underwriting • Underwriting
• APERD • APERD
• Retail Bond Seller (incoming) • Retail Bond Seller (incoming)
• Derivatives (incoming) • Derivatives (incoming)
Produk pendukung: Supporting products:
• SimInvest (App & Mobile) • SimInvest (App & Mobile)
• SimInvestLab (Education) • SimInvestLab (Education
PT Sinar Mas Multiartha Tbk - 327
Page 330
Laporan Keberlanjutan
Sustainability Report
PT Sinarmas Asset Management
PT Sinarmas Asset Management senantiasa melakukan pengembangan PT Sinarmas Asset Management consistently engages in product
produk melalui pengembangan produk Reksa Dana dan Kontrak Pengelolaan development through the expansion of Mutual Funds and Asset Management
Dana (KPD). Contracts (KPD).
PT Pasar Dana Pinjaman (Danamas)
Mengelola dan meluncurkan produk pinjaman beragunan properti dan bekerja Managed and launched a property-backed loan product and collaborated
sama dengan perusahaan-perusahaan berbasis internet yang berfokus pada with internet-based companies that focus on the MSME ecosystem, such
ekosistem UMKM, seperti perikanan, perdagangan eceran, dan perkebunan. as fisheries, retail trade, and plantations.
Evaluasi Kinerja Produk [POJK.51.F.27, F.29] Product Performance Evaluation [POJK.51.F.27, F.29]
Seluruh produk PT Asuransi Simas Jiwa dan PT Asuransi All products of PT Asuransi Simas Jiwa and PT Asuransi Simas
Simas Insurtech dievaluasi secara berkala untuk memastikan Insurtech are periodically evaluated to ensure alignment with
kesesuaian dengan kebutuhan nasabah, ketentuan regulator, customer needs, regulatory requirements, as well as applicable
serta standar kualitas produk yang berlaku. Pada tahun 2025, product quality standards. In 2025, there was no product from
tidak terdapat produk dari kedua Entitas Anak tersebut yang both Subsidiaries that is recalled or discontinued.
ditarik kembali maupun dihentikan peredarannya.
Demikian pula, sepanjang tahun pelaporan PT Asuransi Similarly, throughout the reporting year, PT Asuransi Sinar Mas
Sinar Mas tidak memiliki produk atau jasa asuransi yang ditarik has no insurance product or service recalled or discontinued for
kembali maupun dihentikan dengan alasan tertentu. Seluruh any reason. All of the product portfolios marketed continued to
portofolio produk yang dipasarkan tetap beroperasi secara operate normally and providing both protection and benefits to
normal dan terus memberikan perlindungan serta manfaat bagi the policyholders and stakeholders.
pemegang polis dan pemangku kepentingan.
Pembayaran Klaim Asuransi Nasabah Payment of Customer Insurance Claim
Pembayaran klaim asuransi oleh Entitas Anak Perseroan dilakukan Insurance claim payments by the Company’s Subsidiaries are
sesuai dengan perjanjian yang berlaku sebagai wujud komitmen carried out in accordance with the applicable agreements as
terhadap nasabah. Adapun informasi terkait pembayaran klaim a manifestation of their commitment to customers. The information
selama tahun 2025, diuraikan sebagai berikut. regarding claim payments during 2025 is presented as follows.
PT Asuransi Sinar Mas
Pembayaran Klaim Property All Risks kepada PPRS The Golf Apartment Modernland
Payment of Property All Risks Claim to PPRS The Golf Apartment Modernland
ASM mengawali tahun 2025 dengan melakukan seremoni pembayaran
klaim sebagai bentuk komitmen dalam memberikan layanan terbaik kepada
nasabah. Seremoni pembayaran klaim Asuransi Property All Risks (PAR) senilai
Rp267.930.000,- diserahkan kepada PPRS The Golf Apartment Modernland
pada tanggal 16 Januari 2025. Klaim tersebut diajukan atas kerusakan pada
ruang mesin passenger lift dan service lift yang disebabkan oleh aliran air dari
rooftank di The Golf Apartment Modernland.
ASM kicked-of 2025 with a claim payment ceremony to show its commitment
to provide the best service to customers. A Property All Risks (PAR) insurance
claim payment of Rp267,930,000 was handed over to PPRS The Golf Apartment
Modernland on 16 January 2025. The claim was submitted for damage to
a passenger lift and service lift machine room caused by water flow from the roof
tank at The Golf Apartment Modernland.
328 - PT Sinar Mas Multiartha Tbk
Page 331
Laporan Tahunan 2025
2025 Annual Report
Pembayaran Klaim PAR kepada PT Bogor Raya QQ Ibis Style Bogor Raya
PAR Claim Payment to PT Bogor Raya QQ Ibis Style Bogor Raya
ASM melakukan seremoni pembayaran klaim PAR senilai Rp127.140.650,- kepada
PT Bogor Raya Estatindo QQ Ibis Style Bogor Raya pada tanggal 17 Januari 2025.
Klaim terjadi akibat kebakaran di salah satu ruangan Hotel Ibis Style Bogor Raya
yang disebabkan korsleting mesin.
ASM held a PAR claim payment ceremony of Rp127,140,650 to PT Bogor
Raya Estatindo QQ Ibis Style Bogor Raya on 17 January 2025. The claim
was due to fire on one of the rooms of Hotel Ibis Style Bogor Raya,
caused by machine short circuit.
Pembayaran Klaim Hole in One Senilai Rp213 Juta
Payment of Hole in One Claim of Rp213 Million
ASM melaksanakan seremoni pembayaran klaim Asuransi Simas Hole in One
sebesar Rp213.792.300,- kepada Ganda Horas Marudut Sidabalok, pemenang
Hole in One dalam ajang Ugolf Master Series 2025. Pembayaran klaim tersebut
dilakukan pada tanggal 27 Maret 2025.
ASM held a ceremony of Asuransi Simas Hole in One claim of Rp213,792,300
to Ganda Horas Marudut Sidabalok, the Hole in One winner in the Ugolf Master
Series 2025 event. The claim payment was made on 27 March 2025.
Pembayaran Klaim Asuransi PAR Kerusakan Gedung DPRD Provinsi Daerah Istimewa Yogyakarta
PAR Insurance Claim Payment for Damage to Regional House of Representatives (DPRD) of Special Region of Yogyakarta Province
ASM membayar klaim asuransi PAR senilai Rp78.874.775,- kepada Pemerintah
Daerah (Pemda) Daerah Istimewa Yogyakarta (DIY) atas kerusakan Gedung
DPRD Provinsi DIY yang terjadi pada tanggal 20 Maret 2025 akibat kerusuhan
saat adanya demonstrasi terkait Undang-Undang TNI. Kerusuhan ini terjadi di
sekitar kawasan gedung DPRD DIY yang menyebabkan kerusakan fisik bangunan.
Pembayaran klaim telah dilakukan pada tanggal 14 Mei 2025.
ASM paid a PAR insurance claim of Rp78,874,775 to the Regional Government
of Special Region of Yogyakarta (DIY) for damage to DPRD DIY Province
building due to the unrest on 20 March 2025 during a demonstration related to
the TNI Law. The unrest occurred around the DPRD DIY building area and caused
physical damage to the building. The claim payment was made on 14 May 2025.
Pembayaran Klaim Asuransi Kendaraan Para Debitur PT Oto Multiartha Akibat Banjir Bali
Vehicle Insurance Claim Payment for Debtors of PT Oto Multiartha Due to Bali Flood
ASM menunjukkan komitmennya dalam melindungi nasabah dengan melakukan
pembayaran klaim asuransi kendaraan kepada nasabah PT Oto Multiartha
yang terdampak banjir. Total nilai klaim yang telah dibayarkan kepada para
Pemegang Polis yang memiliki jaminan gabungan (comprehensive) dan
perluasan banjir mencapai Rp1,36 miliar. Bencana banjir bandang akibat hujan
deras yang berkepanjangan menyebabkan sejumlah kendaraan mengalami
kerusakan. Pembayaran klaim tersebut telah dilakukan pada tanggal
24 September 2025.
ASM showed its commitment to protect customers by making vehicle insurance
claim payments to customers of PT Oto Multiartha affected by flooding. Total
claim paid to policyholders of comprehensive coverage and flood extension
amounted to Rp1.36 billion. The flash floods occurred due to prolonged heavy
rain resulted in damage to several vehicles. The claim payment was made on
24 September 2025.
PT Sinar Mas Multiartha Tbk - 329
Page 332
Laporan Keberlanjutan
Sustainability Report
Pembayaran Klaim Asuransi Kendaraan Nasabah PT BCA Finance Akibat Banjir Bali
Vehicle Insurance Claim Payment for Customers of PT BCA Finance Due to Bali Flood
ASM kembali melakukan pembayaran klaim asuransi kendaraan kepada nasabah
yang terdampak banjir di Bali pada tanggal 10 September 2025. Pada kesempatan
tersebut, pembayaran klaim diberikan kepada para debitur PT BCA Finance
dengan total nilai klaim sebesar Rp281.250.000,-. Pembayaran klaim tersebut
dilakukan pada tanggal 30 September 2025.
ASM made another vehicle insurance claim payments to customers affected by
the Bali flood on 10 September 2025. On this occasion, the claim payment was
given to the debtors of PT BCA Finance with a total claim of Rp281,250,000.
The claim payment was realized on 30 September 2025.
Pembayaran Bayarkan Interim Payment Klaim Asuransi Kebakaran Senilai Rp1,44 Miliar di Ketapang, Kalimantan Barat
Interim Payment of Fire Insurance Claim of Rp1.44 Billion in Ketapang, West Kalimantan
ASM melakukan pembayaran klaim asuransi kebakaran sebesar Rp1.442.590.235,-
kepada nasabah yang rumahnya mengalami kebakaran di Ketapang, Kalimantan
Barat. Peristiwa kebakaran yang terjadi akibat hubungan pendek arus listrik
tersebut menyebabkan rumah nasabah terbakar dan menimbulkan kerugian
besar dengan total kerugian mencapai sekitar Rp2 miliar.
Pembayaran sebesar Rp1.442.590.235,- merupakan interim payment klaim
yang telah direalisasikan pada tanggal 26 September 2025, sementara sisa
klaim sebesar Rp557.409.765,- akan diproses melalui mekanisme reinstatement.
Seremoni pembayaran klaim dilaksanakan pada tanggal 1 Oktober 2025.
ASM made a fire insurance claim payment amounting to Rp1,442,590,235 to
a customer whose house was claimed by fire in Ketapang, West Kalimantan.
The fire, caused by an electrical short circuit, destroyed the customer’s house
and resulted in significant losses, with total damages reaching around Rp2 billion.
The payment of Rp1,442,590,235 was an interim claim payment realized on
26 September 2025, while the remaining claim of Rp557,409,765 will be
processed through reinstatement mechanism. The claim payment ceremony was
held on 1 October 2025.
Pembayaran Klaim Hole in One Rp540 Juta
Payment of Hole in One Claim of Rp540 Million
ASM kembali menunjukkan komitmennya dalam memberikan layanan
pembayaran klaim yang cepat melalui Asuransi Simas Hole in One. Kali ini, klaim
Hole in One terjadi dalam ajang Turnamen Golf Piala Wali Kota Surakarta yang
diselenggarakan di Merapi Golf Yogyakarta pada tanggal 27 September 2025.
Klaim berupa uang tunai senilai Rp540.000.000,- dibayarkan pada tanggal
2 Oktober 2025, atau dalam waktu 4 hari kerja sejak terjadinya Hole in One.
ASM demonstrated yet another of its commitment in providing fast claim settlement
through Simas Hole in One Insurance. This time, the Hole in One occurred during
the Mayor of Surakarta Golf Tournament held at Merapi Golf Yogyakarta on
27 September 2025. The claim in the form of cash of Rp540,000,000 was paid
on 2 October 2025, or within 4 working days from the date of the Hole in One.
330 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
Pembayaran Klaim Asuransi Kendaraan Senilai Rp184,5 Juta kepada Debitur BFI Finance di Sulawesi Barat
Payment of Vehicle Insurance Claim of Rp184.5 Million to Debtor of BFI Finance in West Sulawesi
ASM melaksanakan seremoni pembayaran klaim asuransi kendaraan bermotor
sebesar Rp184.585.000,- kepada debitur PT BFI Finance Indonesia Tbk di
Mamuju, Sulawesi Barat, pada tanggal 29 Oktober 2025. Klaim tersebut diajukan
setelah nasabah mengalami kecelakaan yang mengakibatkan kendaraannya
rusak total.
ASM held a payment ceremony for motor vehicle insurance claim of
Rp184,585,000 to a debtor of PT BFI Finance Indonesia Tbk in Mamuju, West
Sulawesi, on 29 October 2025. The claim was submitted after the customer had
an accident that resulted in total damage to the vehicle.
Pembayaran Klaim Kebakaran dalam 4 Hari Kerja
Payment of Fire Claim in 4 Working Days
ASM kembali menunjukkan komitmennya dalam memberikan layanan terbaik
melalui pembayaran klaim asuransi kebakaran atas rumah nasabah di Bekasi,
Jawa Barat. Peristiwa kebakaran yang disebabkan oleh korsleting listrik tersebut
mengakibatkan kerusakan pada bangunan rumah. Pembayaran klaim telah
direalisasikan pada tanggal 4 Desember 2025.
ASM demonstrated yet another of its commitment in providing the best service
through the payment of fire insurance claim for a customer’s house in Bekasi,
West Java. The fire was caused by electrical short circuit damaged the house.
The claim was realized on 4 December 2025.
Pembayaran Klaim Asuransi Hole in One 1 Unit Hyundai Palisade Prime Senilai Rp787 juta pada Event Niaga Golf Club Tournament
Payment of Hole in One Claim of 1 Unit Hyundai Palisade Prime Worth Rp787 million at Niaga Golf Club Tournament
ASM melakukan pembayaran klaim Hole in One pada event Niaga Golf Club
Tournament berupa 1-unit mobil Hyundai Palisade Prime senilai Rp787.500.000,-.
Pembayaran klaim tersebut direalisasikan hanya dalam waktu 4 hari kerja sejak
dokumen dilengkapi, yaitu pada tanggal 10 Desember 2025.
ASM conducted payment of Hole in One claim at Niaga Golf Club Tournament
in the form of 1 unit Hyundai Palisade Prime worth Rp787,500,000. The claim
payment was realized within only four working days after the documents were
completed, on 10 December 2025.
Pembayaran Klaim Kendaraan Terdampak Banjir Sumatra Utara Sebesar Rp1,07 Miliar
Payment of Claim of Vehicles Affected by North Sumatra Flood Amounting to Rp1.07 Billion
ASM kembali membuktikan komitmen kecepatan pembayaran klaimnya
melalui pembayaran klaim asuransi kendaraan bermotor dengan total nilai
Rp1.070.550.000,- kepada 7 debitur PT Oto Multiartha yang terdampak banjir di
Sumatra Utara. Pembayaran klaim dibayarkan hanya dalam waktu 2 hari kerja
sejak dokumen dinyatakan lengkap, yaitu pada tanggal 16 Desember 2025.
ASM once more showed its prompt claim payment through the payment of
motored vehicle insurance claim with a total amount of Rp1,070,550,000 to
7 debtors of PT Oto Multiartha affected by North Sumatra flood. The claim was
paid within only 2 working days after the documents was deemed complete,
on 16 December 2025.
PT Sinar Mas Multiartha Tbk - 331
Page 334
Laporan Keberlanjutan
Sustainability Report
Menjalin Hubungan yang Baik dengan Maintaining Good Relationships with
Mitra Usaha Business Partners
Perseroan bersama Entitas Anak senantiasa membina hubungan The Company and its Subsidiaries consistently maintain good
yang baik dengan mitra usaha sebagai bagian dari komitmen relationships with business partners as part of their commitment
dalam menjaga keberlanjutan bisnis. Setiap kerja sama yang to ensuring business sustainability. Every partnership
dijalankan mengacu pada Kode Etik dan Pedoman Tingkah established refers to the Company’s Code of Ethics and Code
Laku Perseroan, dengan menekankan prinsip transparansi dan of Conduct, emphasizing the principles of transparency and
profesionalisme. professionalism.
PT Asuransi Simas Insurtech
2025 2024 2023
Proporsi Proporsi Proporsi
terhadap terhadap terhadap
Kelompok
Total Jumlah Total Jumlah Total Jumlah Business
Mitra
Entitas Kontrak Entitas Kontrak Entitas Kontrak Partner Group
Usaha
Total Proportion Total Proportion Total Proportion
Entities to Contract Entities to Contract Entities to Contract
Amount Amount Amount
(%) (%) (%)
Pemasok Lokal - - - - - - Local Supplier
Pemasok Nasional 75 100.00 70 100.00 67 100.00 National Supplier
Pemasok International
- - - - - -
Internasional Supplier
Total 75 100.00 70 100.00 67 100.00 Total
PT Sinar Mas Multifinance
2025 2024 2023
Proporsi Proporsi Proporsi
terhadap terhadap terhadap
Kelompok
Total Jumlah Total Jumlah Total Jumlah Business
Mitra
Entitas Kontrak Entitas Kontrak Entitas Kontrak Partner Group
Usaha
Total Proportion Total Proportion Total Proportion
Entities to Contract Entities to Contract Entities to Contract
Amount Amount Amount
(%) (%) (%)
Pemasok Lokal 2,646 99.29 2,903 70.94 4,029 71.13 Local Supplier
Pemasok Nasional 19 0.71 1,189 29.06 1,635 28.87 National Supplier
Total 2,665 100.00 4,092 100.00 5,664 100.00 Total
332 - PT Sinar Mas Multiartha Tbk
Page 335
Laporan Tahunan 2025
2025 Annual Report
PT Pasar Dana Pinjaman (Danamas)
2025 2024 2023
Proporsi Proporsi Proporsi
terhadap terhadap terhadap
Kelompok
Total Jumlah Total Jumlah Total Jumlah Business
Mitra
Entitas Kontrak Entitas Kontrak Entitas Kontrak Partner Group
Usaha
Total Proportion Total Proportion Total Proportion
Entities to Contract Entities to Contract Entities to Contract
Amount Amount Amount
(%) (%) (%)
Pemasok Lokal 23 44.23 7 70.00 6 37.50 Local Supplier
Pemasok Nasional 29 55.77 3 30.00 10 62.50 National Supplier
Total 52 100.00 10 100.00 16 100.00 Total
Aspek Lingkungan
Environmental Aspect
Membangun Budaya Keberlanjutan Building a Culture of Environmental
Lingkungan Hidup Sustainability
Sebagai bagian dari strategi peningkatan efisiensi operasional As part of its strategy to enhance operational efficiency while
sekaligus kepatuhan terhadap ketentuan yang berlaku, ensuring compliance with applicable regulations, the Company
Perseroan bersama Entitas Anak membangun budaya and its Subsidiaries have fostered a sustainability culture in
keberlanjutan di bidang lingkungan. Langkah ini sejalan dengan the environmental field. This initiative aligns with Law No. 32
Undang-Undang No. 32 Tahun 2009 tentang Perlindungan dan of 2009 concerning Environmental Protection and Management
Pengelolaan Lingkungan Hidup serta POJK No. 51 Tahun 2017 and POJK No. 51 of 2017 concerning the Implementation of
tentang Penerapan Keuangan Berkelanjutan. Komitmen tersebut Sustainable Finance. This commitment is realized through
diwujudkan melalui penerapan prinsip ramah lingkungan dalam the application of environmentally friendly principles across all
seluruh kegiatan operasional, termasuk pengelolaan energi, air, operational activities, including the efficient management of
dan kertas secara efisien oleh seluruh karyawan. energy, water, and paper by all employees.
Pembiayaan Hijau [POJK.51-F.3] Green Financing [POJK.51-F.3]
Komitmen Perseroan bersama Entitas Anak terhadap The commitment of the Company and its Subsidiaries
keberlanjutan diwujudkan melalui fokus pada pengembangan to sustainability is demonstrated through a focus on
pembiayaan hijau. Implementasi dilakukan antara lain melalui the development of green financing. Implementation is carried
analisis kredit bagi debitur dengan kegiatan usaha yang out, among others, through credit analysis for debtors engaged
berpotensi berdampak pada lingkungan. Selain itu, Perseroan in business activities with potential environmental impacts.
juga menyediakan fasilitas pembiayaan bagi Kategori Kegiatan In addition, the Company also provides financing facilities for
Usaha Berkelanjutan (KKUB), termasuk sektor produktif Sustainable Business Activity Categories (KKUB), including
seperti UMKM serta bisnis yang mengutamakan prinsip ramah productive sectors such as MSME and businesses that prioritize
lingkungan. environmentally friendly principles.
PT Sinar Mas Multiartha Tbk - 333
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Laporan Keberlanjutan
Sustainability Report
(dalam jutaan Rupiah / in million Rupiah)
Nama Entitas Anak
2025 2024*) 2023
Subsidiaries Name
PT Bank Sinarmas Tbk 2,119,933 1,797,046 2,390,568
PT Bank Nano Syariah 626,888 128,227 -
PT Sinar Mas Multifinance 2,474,992 2,858,746 3,427,437
Total 5,221,813 4,784,019 5,818,005
*) Disajikan kembali. / Restated.
Penggunaan Material Ramah Lingkungan Use of Environmentally Friendly Materials
[POJK.51-F.5] [POJK.51-F.5]
Perseroan menggunakan material ramah lingkungan untuk The Company uses environmentally friendly materials to
mengurangi dampak lingkungan dan meningkatkan efisiensi reduce environmental impact and improve resource efficiency.
sumber daya. Inisiatif yang dijalankan bersama Entitas Anak The initiatives implemented together with the Subsidiaries are
diuraikan sebagai berikut. described as follows.
Material Ramah Lingkungan
Aktivitas Operasi yang Digunakan Manfaat
Operational Activities Environmentally Friendly Benefit
Materials Used
PT Asuransi Sinar Mas
Penggunaan lampu penerangan Lampu LED Mengurangi pemakaian listrik
Use of lighting LED Lights Reducing electricity consumption
Meredam panas secara baik dan tidak
mengandung bahan beracun yang berbahaya
Penggunaan bahan atap bagi tubuh manusia
Unplasticized poly vinyl chloride
Use of roofing materials
Good heat insulation and free of toxic material
harmful to human body
Penggunaan bahan partisi ruangan Mengurangi kebisingan suara
Gypsum sound stops
The use of room partition materials Reducing noise
Penggunaan refrigerant air conditioner Tidak merusak lapisan ozon
Refrigerant type R32
Use of refrigerant air conditioner Not damaging the ozone layer
Penggunaan Air Conditioners (AC) Inverter Mengurangi pemakaian listrik
Refrigerant type R410a
Using Inverter Air Conditioners (AC) Reducing Electricity consumption
PT Asuransi Simas Jiwa
Pengurangan pemakaian tisu toilet dengan Mengurangi sampah non-organik yang
menggunakan hand dryer sulit terurai
Hand dryer ecocare
Reducing the use of toilet paper by using a hand Reducing non-organic waste that is difficult
dryer to decompose
Penggunaan bohlam lampu light emitting diode Hemat energi dan lebih tahan lama/awet
(LED) di pantry, toilet, koridor, dan kantor tower Lampu LED Phillips & Downlight (penggunaan jam per hari bisa sampai 1 tahun)
Use of light emitting diode (LED) light bulbs in Philips LED Lights & Downlight Energy saving and long lasting (hours of use
pantry, toilet, corridor, and office tower per day can be up to 1 year)
PT Asuransi Simas Insurtech
Print dokumen-dokumen untuk proses review
atau draft Kertas bekas Mengurangi penggunaan kertas baru
Recycled paper Reducing the use of new paper
Documents printing for review process or draft
Menggunakan dispenser air mineral Galon dan botol minum Mengurangi penggunaan plastik
Using mineral water dispenser Gallons and tumblers Reducing the use of plastic
334 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
Material Ramah Lingkungan
Aktivitas Operasi yang Digunakan Manfaat
Operational Activities Environmentally Friendly Benefit
Materials Used
PT Sinar Mas Multifinance
Formulir pengajuan kredit Penggunaan Mobile Apps Simasku Penghematan penggunaan kertas
Credit application form Simasku Mobile Apps Usage Paper usage savings
Print dokumen Kertas bekas Mengurangi pembelian kertas baru
Document printing Recycled paper Reducing the purchase of new paper
Penerangan kantor pusat dan cabang Lampu LED Mengurangi pemakaian listrik
Lighting of head and branch offices LED Lights Reducing electricity consumption
Mengurangi perjalanan dinas
Meeting via online Laptop (Zoom Meeting)
Reducing business trips
PT Pasar Dana Pinjaman (Danamas)
Penggunaan alat minum Tumbler pribadi Mengurangi sampah plastik
Use of drinking utensils Private tumbler Reducing plastic waste
PT Wapindo Jasaartha
Penggunaan lampu penerangan Lampu LED Mengurangi pemakaian listrik
Use of lighting LED Lights Reducing electricity consumption
Penggunaan bahan partisi ruangan Mengurangi kebisingan suara
Gypsum soundstop
Use of room partition materials Reducing noise
Penggunaan refrigerant air conditioner Tidak merusak lapisan ozon
Refrigerant type R32
Use of refrigerant air conditioner Not damaging the ozone layer
Penggunaan AC Inverter Mengurangi pemakaian listrik
Refrigerant type R410a
Use of Inverter AC Reducing electricity consumption
Efisiensi Energi [POJK.51-F.7] Energy Efficiency [POJK.51-F.7]
Dalam menjalankan operasional, Perseroan dan Entitas Anak In carrying out its operations, the Company and its Subsidiaries
memerlukan konsumsi energi dalam jumlah yang cukup require a substantial amount of energy consumption. The energy
besar. Energi tersebut berasal dari listrik yang diperoleh dari is sourced from electricity supplied by the State Electricity
Perusahaan Listrik Negara (PLN), serta bahan bakar minyak Company (PLN) and fuel obtained from Public Fuel Filling
(BBM) yang diperoleh melalui Stasiun Pengisian Bahan Bakar Stations (SPBU) around the operational areas.
Umum (SPBU) di sekitar wilayah operasional.
Meski demikian, Perseroan tetap berkomitmen melakukan Nevertheless, the Company remains committed to implementing
efisiensi energi melalui berbagai inisiatif, antara lain: energy efficiency through various initiatives, including:
1. Penghentian penggunaan lampu penerangan di seluruh 1. Stop the use of lighting throughout the Company’s business
jaringan usaha Perseroan pukul 12.00-13.00 waktu lokal; network at 12.00-13.00 local time;
2. Penggunaan air conditioner (AC) berjenis freon hidrokarbon 2. Use air conditioners (AC) with hydrocarbon freon, which are
yang lebih hemat listrik dan ramah lingkungan; serta more energy efficient and environmentally friendly; and
3. Pemanfaatan layanan telekonferensi untuk mendukung 3. Utilize teleconference service to maintain the supervision
pengawasan dan koordinasi operasional tanpa tatap muka and coordination of operational activities without having to
langsung. meet face to face.
PT Sinar Mas Multiartha Tbk - 335
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Laporan Keberlanjutan
Sustainability Report
Entitas Anak juga turut serta menerapkan berbagai upaya The Subsidiaries have also implemented various energy
efisiensi energi, yang diuraikan sebagai berikut. efficiency initiatives, as described below.
PT Bank Sinarmas Tbk
Penghematan listrik di Kantor Pusat Non-Operasional Roxy Square Energy savings at the Roxy Square Non-Operational Head Office with
dengan pembatasan pemakaian listrik operasional yang ditentukan sesuai restrictions on operational electricity usage, which are determined
rutinitas kerja jam 07.00 hingga 18.00. Bank Sinarmas juga melakukan according to the work routine from 07.00 to 18.00. Bank Sinarmas also
sosialisasi penghematan listrik dengan mematikan lampu pada saat jam disseminates electricity savings by turning off lights during recess time
istirahat, serta menggunakan lampu LED. and using LED lights.
PT Asuransi Sinar Mas
• Penggantian tubular lamp (TL) dengan teknologi LED yang menyerap • Replacement of tubular lamp (TL) with LED technology that consumes
energi lebih sedikit, namun memberikan pencahayaan yang lebih less energy but provides brighter lighting;
terang;
• Jadwal pengaturan lampu penerangan dan peralatan listrik untuk • The schedule for regulating lighting and electrical equipment for
operasional gedung dijalankan secara ketat dan tepat dengan building operations is carried out strictly and precisely by taking
memperhatikan kenyamanan dan keamanan karyawan serta into account the comfort and safety of employees and maximizing
memaksimalkan pemakaian listrik; electricity consumption;
• Penyesuaian jumlah unit AC yang dihidupkan dengan banyaknya • Adjustment of the number of AC units that are turned on with
karyawan di suatu ruangan; the number of employees in a room;
• Penggunaan solar panel (PLTS); serta • The use of solar panels (PLTS); and
• Penggunaan AC Inverter. • Using Inverter AC.
PT Asuransi Simas Jiwa
Memadamkan lampu saat jam istirahat dan mematikan beberapa AC pada Turning off lights during recess time and turning off several ACs in
ruang kerja. Khusus karyawan tertentu, AC akan dinonaktifkan apabila workspace. Some specific employees will have their AC turned off when
tidak digunakan. not in use.
PT Asuransi Simas Insurtech
• Melakukan peralihan fasilitas mobil pejabat perusahaan menjadi mobil • Switching the vehicles of company officials into electric vehicles;
listrik;
• Menggunakan e-polis dan e-klaim sehingga penggunaan kertas • Using e-policy and e-claim to reduce paper usage; and
berkurang; serta
• Penggunaan laptop untuk bekerja sehingga lebih hemat energi jika • Using laptop to work, which is more energy-efficient compared to
dibandingkan dengan personal computer (PC). personal computer (PC).
PT Pasar Dana Pinjaman (Danamas)
Perseroan melakukan penghematan energi melalui efisiensi penggunaan The Company is conducting energy-saving measures through efficient
penerangan dan pendingin ruangan dengan mematikan perangkat ketika use of lighting and air conditioning by turning them off when not in use.
tidak digunakan.
PT Wapindo Jasaartha
• Penggantian tubular lamp (TL) dengan teknologi LED yang menyerap • Replacement of tubular lamp (TL) with LED technology that consumes
energi lebih sedikit, namun memberikan pencahayaan yang lebih terang; less energy but provides brighter lighting;
• Penjadwalan lampu penerangan dan peralatan listrik untuk operasional • Scheduling for lighting and electrical equipment for building operations
gedung dijalankan secara ketat dan tepat dengan memperhatikan is carried out strictly and precisely by taking into account the comfort
kenyamanan dan keamanan karyawan serta memaksimalkan and safety of employees and maximizing electricity consumption;
pemakaian listrik;
• Penyesuaian jumlah unit AC yang dihidupkan dengan banyaknya • Adjustment of the number of AC units that are turned on with
karyawan di suatu ruangan; serta the number of employees in a room; and
• Penggunaan AC Inverter. • Use of Inverter AC.
336 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
Berikut disajikan informasi biaya penggunaan energi Perseroan The following presents information on the energy usage costs of
dan Entitas Anak selama 3 tahun terakhir. the Company and its Subsidiaries over the past 3 years.
(dalam jutaan Rupiah / in million Rupiah)
Uraian 2025 2024 2023 Description
Biaya Listrik 40,279 28,867 32,723 Cost of Electricity
Biaya Penggunaan BBM 12,774 17,050 2,967 Cost of Fuel Oil
Sebagai bagian dari upaya pengurangan konsumsi listrik, As part of its efforts to reduce electricity consumption,
Entitas Anak, Bank Sinarmas, telah memasang panel surya di the Subsidiary, Bank Sinarmas, has installed solar panels at
Kantor Cabang Diponegoro dan Klampis Surabaya. the Diponegoro and Klampis Surabaya Branch Offices.
Total Pemakaian Listrik di Kantor Cabang Klampis dan Diponegoro Bank Sinarmas [POJK.51-F.6] [ESG-E.03]
Total Electricity Usage at the Klampis and Diponegoro Branch Offices of Bank Sinarmas
2025 2024 2023
Kantor Cabang Satuan
Branch Office Unit Panel Surya Panel Surya Panel Surya
PLN PLN PLN
Solar Panel Solar Panel Solar Panel
Klampis kWh 42,177 10,540 32,944 11,374 8,351 11,303
Diponegoro kWh 118,804 13,214 374,012 15,280 24,685 14,463
Total Pemakaian Listrik dan Penggunaan BBM pada Entitas Anak [POJK.51-F.6] [ESG-E.03]
Total Electricity and Oil Fuel Usage in Subsidiaries
2025 2024 2023
Perusahaan Penggunaan Penggunaan Penggunaan
Listrik Listrik Listrik
Company BBM BBM BBM
Electricity Electricity Electricity
Fuel Oil Fuel Oil Fuel Oil
(kWh) (kWh) (kWh)
(Liter) (Liter) (Liter)
PT Bank Nano Syariah - 3,633 - 3,672 - -
PT Asuransi Sinar Mas 1,113,921 68,150 1,186,455 67,839 1,219,005 80,786
PT Sinar Mas Multifinance 3,839,735*) 290,499 4,074,057 296,087 3,933,643 322,801
PT Sinarmas Ventura 1,724 2,966 2,528 1,178 2,793 3,574
PT Sinartama Gunita - 2,887 - - - -
PT Pasar Dana Pinjaman
45,096 - 50,964 - 61,296 -
(Danamas)
PT Wapindo Jasaartha 40,273 450 28,716 331 18,394 257
Total 5,040,749 368,585 5,342,720 369,107 5,235,131 407,418
Catatan / Notes:
*) Asumsi daya listrik yang digunakan masuk kategori R-2/3.500-5.500 VA, tarif per kWh 2025: 1.699,53/kWh. / Assuming the electricity used is under the category of
R-2/3,500-5,500 VA, with tariff per kWh in 2025: 1,699.53/kWh.
PT Sinar Mas Multiartha Tbk - 337
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Laporan Keberlanjutan
Sustainability Report
Intensitas dan Efisiensi Penggunaan Energi pada Entitas Anak [POJK.51-F.6] [ESG-E.03]
Energy Consumption Intensity and Efficiency in Subsidiaries
Satuan
Uraian 2025 2024*) 2023*) Description
Unit
Listrik (Cakupan 2) GJ 18,146.70 19,233.79 18,846.47 Electricity (Scope 2)
Bahan Bakar Minyak (Cakupan 1) GJ 12,605.61 12,623.46 13,933.70 Fuel (Scope 1)
Total Penggunaan Energi GJ 30,752.30 31,857.25 32,780.17 Total Energy Consumption
Intensitas Penggunaan Energi GJ/jutaan Rupiah Energy Consumption Intensity
0.00795 0.00160 0.00176
terhadap Pendapatan GJ/million Rupiah Relative to Revenue
Efisiensi Penggunaan Energi GJ/jutaan Rupiah Energy Consumption Efficiency
(0.00635) 0.00016 (0.00071)
terhadap Pendapatan GJ/million Rupiah Relative to Revenue
*) Disajikan kembali. / Restated.
Catatan / Note:
Data mencakup pemakaian listrik dan penggunaan BBM PT Bank Nano Syariah, PT Asuransi Sinar Mas, PT Sinar Mas Multifinance, PT Sinarmas Ventura, PT Sinartama Gunita,
PT Pasar Dana Pinjaman (Danamas), dan PT Wapindo Jasaartha. / The data includes electricity usage and fuel consumption of PT Bank Nano Syariah, PT Asuransi Sinar Mas,
PT Sinar Mas Multifinance, PT Sinarmas Ventura, PT Sinartama Gunita, PT Pasar Dana Pinjaman (Danamas), and PT Wapindo Jasaartha.
Efisiensi Air [POJK.51-F.8] [ESG-E.04] Water Efficiency [POJK.51-F.8] [ESG-E.04]
Air merupakan salah satu kebutuhan esensial dalam mendukung Water is one of the essential needs in supporting the operational
kegiatan operasional Perseroan dan Entitas Anak, baik untuk activities of the Company and its Subsidiaries, both for
menunjang aktivitas harian karyawan maupun untuk keperluan employees’ daily activities and for cleaning and sanitation
pembersihan dan sanitasi. Untuk memenuhi kebutuhan purposes. To meet this need, the Company relies on the supply
tersebut, Perseroan mengandalkan pasokan dari Perusahaan from the Regional Drinking Water Company (PDAM). Despite
Daerah Air Minum (PDAM). Meskipun tingkat konsumsi air relatif the relatively high level of water consumption, the Company
tinggi, Perseroan tetap berkomitmen untuk mengoptimalkan remains committed to optimizing its usage by installing
penggunaannya melalui pemasangan media edukatif, seperti educational media such as stickers, posters, and banners at
stiker, poster, dan spanduk imbauan di berbagai titik strategis various strategic points within the workplace.
di lingkungan kerja.
Komitmen terhadap penghematan air juga diterapkan oleh The commitment to water conservation is also implemented
Entitas Anak, PT Asuransi Sinar Mas dan PT Wapindo Jasaartha, by the Subsidiary, PT Asuransi Sinar Mas and PT Wapindo
melalui berbagai inisiatif, antara lain: Jasaartha, through various initiatives, including:
1. Mengganti kran wastafel dari tipe putar menjadi tipe tekan 1. Changing the sink faucet from rotary type to push type to
(push) untuk mencegah pemborosan akibat kelalaian avoid waste due to negligence of closing the faucet after
menutup kran setelah digunakan; use;
2. Mengurangi tekanan air pada setiap kran dengan 2. Reducing the water pressure on each faucet by adjusting
pengaturan valve instalasi distribusi di setiap lantai; the distribution valve installation for each floor;
3. Memanfaatkan kembali hasil pengolahan air limbah (STP) 3. Reusing water from the wastewater treatment (STP) for
untuk keperluan flushing closet dan penyiraman tanaman; serta flushing closets and water the plants; and
4. Memanfaatkan air drain AC untuk membersihkan lantai area 4. Using AC drain water to clean the floor of outdoor machine
ruang mesin outdoor. room area.
Dalam 3 tahun terakhir, Perseroan dan Entitas Anak telah Over the past 3 years, the Company and its Subsidiaries have
mengeluarkan biaya untuk penggunaan air, yang dirinci sebagai incurred expenses for water usage, detailed as follows.
berikut.
(dalam jutaan Rupiah / in million Rupiah)
Nama Entitas Anak
2025 2024 2023
Subsidiaries Name
PT Bank Sinarmas Tbk 62 36 40
PT Bank Nano Syariah 64 84 -
338 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
(dalam jutaan Rupiah / in million Rupiah)
Nama Entitas Anak
2025 2024 2023
Subsidiaries Name
PT Asuransi Sinar Mas 300 201 200
PT Asuransi Simas Jiwa 134 32 26
PT Sinar Mas Multifinance 487 534 426
PT Pasar Dana Pinjaman (Danamas) 3 3 6
PT Wapindo Jasaartha 378 331 95
Konsolidasi
2,439 2,059 63,414
Consolidated
Berikut informasi mengenai penggunaan air oleh Entitas Anak The following presents information on water usage by
Perseroan. the Company’s Subsidiaries.
Uraian Satuan
2025 2024 2023
Description Unit
PT Bank Sinarmas Tbk m3 2,755 2,547 2,771
PT Asuransi Sinar Mas m3 14,514 15,656 15,607
PT Sinar Mas Multifinance**) m3 38,808 42,577 33,915
PT Sinartama Gunita m3 238 - -
PT Pasar Dana Pinjaman (Danamas) m3 252 258 260
PT Wapindo Jasaartha m3 18 15 4
Total m3 56,585 61,053 52,557
*) Disajikan kembali. / Restated.
**) Asumsi air yang digunakan masuk kategori Kelompok IV B, tarif per dengan pemakaian 3-10 m3, yaitu Rp12.550. / Assuming the water used is under the IV B Group, with tariff
for usage of 3-10 m3 of Rp12,550.
Pengendalian Emisi [POJK.51-F.12] [ESG-E.01,E.07] Emission Control [POJK.51-F.12] [ESG-E.01, E.07]
Perseroan menyadari bahwa aktivitas bisnis yang dijalankan The Company recognizes that its business activities contribute
turut berkontribusi terhadap perubahan iklim global, antara lain to global climate change, including through the generation of
melalui timbulnya emisi gas rumah kaca (ERK). Oleh karena greenhouse gas (GHG) emissions. Therefore, the Company and
itu, Perseroan bersama Entitas Anak berkomitmen untuk its Subsidiaries are committed to minimizing GHG emissions
meminimalkan ERK dan dampak negatif lainnya terhadap and other negative environmental impacts through the following
lingkungan melalui berbagai inisiatif berikut. initiatives.
1. Menghemat penggunaan energi. 1. Energy saving.
2. Mengoptimalkan penggunaan dokumen digital. 2. Optimizing the use of digital documents.
3. Melakukan uji emisi berkala mobil operasional. 3. Conducting periodic emission test on operational vehicles.
4. Mulai menggunakan perangkat elektronik yang rendah emisi. 4. Starting to use low-emissions electronic equipment.
5. Menanam pohon di sekitar lingkungan perkantoran. 5. Planting trees surrounding the office environment.
Total dan Intensitas Emisi yang Dihasilkan Total and Intensity of Emissions Generated by
Berdasarkan Jenisnya [POJK.51-F.11] [ESG-E.01, E.02] Type [POJK.51-F.11] [ESG-E.01, E.02]
Emisi yang dihasilkan oleh PT Bank Nano Syariah, PT Asuransi Emissions generated by PT Bank Nano Syariah, PT Asuransi
Sinar Mas, PT Sinar Mas Multifinance, PT Sinarmas Ventura, Sinar Mas, PT Sinar Mas Multifinance, PT Sinarmas Ventura,
PT Sinartama Gunita, PT Pasar Dana Pinjaman (Danamas), dan PT Sinartama Gunita, PT Pasar Dana Pinjaman (Danamas),
PT Wapindo Jasaartha berasal dari penggunaan energi listrik and PT Wapindo Jasaartha resulted from the use electricity
yang disuplai oleh PLN serta konsumsi BBM. Berikut jumlah dan energy supplied by PLN and consumption of fuel oil (BBM).
intensitas emisi yang dihasilkan oleh Perseroan selama 3 tahun The following presents the amount and intensity of emissions
terakhir. produced by the Company over the past 3 years.
PT Sinar Mas Multiartha Tbk - 339
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Sustainability Report
Kategori Satuan
2025 2024*) 2023*)
Category Unit
Cakupan 1
TonCO2eq 853.23 854.43 943.12
Scope 1
Cakupan 2
TonCO2eq 4,738.30 5,022.16 4,921.02
Scope 2
Total Emisi
TonCO2eq 5,591.53 5,876.59 5,864.14
Total Emissions
Intensitas Emisi TonCO2eq/jutaan Rupiah
0.001225 0.000295 0.000315
Emission Intensity TonCO2eq/million Rupiah
Efisiensi Emisi TonCO2eq/jutaan Rupiah
(0.000930) 0.000020 (0.000079)
Emission Efficiency TonCO2eq/million Rupiah
Catatan / Note:
*) Disajikan kembali. / Restated.
Cakupan 1 adalah penggunaan BBM. / Scope 1 is fuel usage.
Cakupan 2 adalah penggunaan listrik. / Scope 2 is electricity usage.
Komitmen Perusahaan untuk Mencapai Target Company’s Commitment to Achieve Net Zero
Net Zero Emission [ESG-E.06] Emission Target [ESG-E.06]
Sebagai wujud komitmen terhadap keberlanjutan, Perseroan As a manifestation of its commitment to sustainability,
telah menetapkan target pencapaian net zero emission melalui the Company has set a target to achieve net zero emissions
langkah-langkah strategis yang terukur. Fokus utama diarahkan through well-measured strategic steps. The main focus is
pada pengendalian emisi operasional, didukung dengan directed toward controlling operational emissions, supported by
peningkatan efisiensi energi, pemanfaatan teknologi digital, enhanced energy efficiency, utilization of digital technology, and
dan penerapan prinsip ESG dalam setiap keputusan investasi. the application of ESG principles in every investment decision.
Selain itu, melalui Entitas Anak, Perseroan berinvestasi pada In addition, through its Subsidiaries, the Company invests in
sektor-sektor berkelanjutan, mengembangkan produk ramah sustainable sectors, develops environmentally friendly products,
lingkungan, serta aktif berpartisipasi dalam inisiatif ekonomi and actively participates in low-carbon economic initiatives,
rendah karbon, antara lain melalui penyediaan produk asuransi including providing sustainable insurance products and offering
berkelanjutan dan pemberian insentif bagi pelanggan yang incentives for customers who support green lifestyles.
mendukung gaya hidup hijau.
Pengelolaan Limbah [POJK.51-F.14] Waste Management [POJK.51-F.14]
Perseroan menghasilkan limbah utama berupa kertas dari The Company generates paper waste as its main type of
aktivitas administrasi dan operasional. Untuk menekan jumlah waste from administrative and operational activities. To reduce
limbah kertas, Perseroan secara bertahap menerapkan the amount of paper waste, the Company has gradually
digitalisasi melalui e-statement dan aplikasi berbasis implemented digitalization through e-statements and other
digital/internet lainnya. Selain itu, kertas bekas yang masih digital/internet-based applications. In addition, used paper that
layak pakai dimanfaatkan kembali untuk keperluan non-formal. remains suitable for use is repurposed for non-formal needs.
Inisiatif pengelolaan limbah ini juga diterapkan di internal Entitas This waste management initiative is also implemented within
Anak, dengan rincian sebagai berikut. the Subsidiaries, with details as follows.
PT Bank Sinarmas Tbk
Kegiatan operasional perbankan berhubungan dengan dokumen, sehingga Banking operations are related to documents, making paper the most
menghasilkan limbah terbanyak berupa kertas. Meskipun demikian, waste generated. Nevertheless, paperless implementation and the use of
penerapan paperless dalam operasional sehari-hari, penggunaan kertas recycled paper in daily operations continue to be socialized, especially to
bekas terus disosialisasikan terutama kepada seluruh unit kerja KPNO all KPNO Roxy Square work units.
Roxy Square.
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PT Asuransi Sinar Mas
• Memanfaatkan kertas bekas untuk pengarsipan dan dokumentasi; • Utilizing recycled paper for filing and documentation;
• Memanfaatkan bahan-bahan limbah organik dari jus bar dan kantin • Utilizing organic waste materials from juice bars and canteens
berupa sayur, buah-buahan, kulit telur, dan lainnya untuk dijadikan pupuk i.e., vegetables, fruits, egg shells, and others to be used as organic
organik yang digunakan sebagai pemupukan tanaman; serta fertilizers for plant fertilization; and
• Memanfaatkan limbah filter udara AC bekas untuk dekorasi hiasan • Utilizing used AC filters as decorative elements for Christmas tree.
pohon natal.
PT Asuransi Simas Jiwa
Limbah kertas yang tidak dipakai dan tidak confidential, langsung dibuang Unused and non-confidential paper waste is immediately disposed with
bersama sampah rumah tangga lainnya. Sementara untuk limbah kertas other household waste. Meanwhile, unused but confidential paper waste
tidak terpakai dan bersifat confidential, dilakukan penghancuran dengan is destroyed with a shredder.
mesin destroyer.
PT Asuransi Simas Insurtech
• Menggunakan tanda tangan digital untuk dokumen-dokumen yang • Using digital signature on documents requiring signature;
memerlukan tanda tangan;
• Melakukan review dengan menyeluruh sehingga tidak mencetak • Conducting thorough review to avoid repeat printing of documents;
dokumen secara berulang;
• Menggunakan kertas bekas untuk melakukan peninjauan dokumen; • Using recycled paper for document review; and
serta
• Mengoptimalkan penggunaan dokumen softcopy. • Optimizing the use of softcopy document.
PT AB Sinar Mas Multifinance
Menerapkan pengelolaan daur ulang sampah berdasarkan jenis, yakni Implementing waste recycling management by type, namely organic and
sampah organik dan non-organik. non-organic waste.
PT Sinarmas Sekuritas
Sampah plastik telah menjadi isu lingkungan, baik di Indonesia maupun Plastic waste has become an environmental issue, both in Indonesia
secara global. Kontribusi Sinarmas Sekuritas dalam hal ini dilakukan and globally. Sinarmas Sekuritas is implementing several initiatives to
dengan beberapa inisiatif, di antaranya: contribute in the reduction of this waste, including:
• Membagikan tempat sampah di seluruh ruangan kerja untuk • Distribute trash cans in all work area to boost awareness of
meningkatkan kesadaran atas gaya hidup ramah lingkungan terutama environmentally friendly lifestyles, especially among employees;
di antara para karyawan;
• Mengganti air minum kemasan di kantor pusat dengan menyediakan • Replace bottled drinking water at the head office with reusable bottles
botol dan gelas yang dapat digunakan berulang kali; serta and glasses; and
• Membagikan goodie bag yang dapat digunakan berulang-ulang, • Distribute reusable goodie bags, to replace the single-use plastic for
menggantikan penggunaan plastik sekali pakai ke para karyawan, dan employees and students where Sinarmas Sekuritas conducts social
mahasiswa di mana Sinarmas Sekuritas menyelenggarakan program responsibility programs.
tanggung jawab sosial.
Sinarmas Sekuritas juga berupaya untuk meningkatkan kesadaran Sinarmas Sekuritas also strives to increase employee awareness to
karyawan untuk mengurangi penggunaan kertas. Sinarmas Sekuritas reduce paper use. Sinarmas Sekuritas launched the paperless policy
mencanangkan kebijakan paperless (tidak menggunakan kertas) di dalam (not using paper) for daily operational activities. Employees are
kegiatan operasional sehari-hari. Karyawan didorong untuk mengoptimalkan encouraged to optimize the use of digital/electronic technology as a better
penggunaan teknologi digital/elektronik sebagai pilihan yang lebih baik option to record proof of transactions or accessing documents.
untuk merekam bukti transaksi ataupun mengakses dokumen.
PT Wapindo Jasaartha
Perseroan mengelola limbah atau mengurangi penggunaan kertas dengan The Company manages its waste or reduce paper usage through:
cara:
• Memanfaatkan kertas bekas untuk pengarsipan dan dokumentasi; serta • Utilizing used paper for filing and documentation; and
• Memanfaatkan bahan-bahan limbah organik dari jus bar dan kantin • Utilizing organic waste materials from juice bars and canteens,
berupa sayur, buah-buahan, kulit telur, dan lainnya untuk dijadikan i.e., vegetables, fruits, egg shells, and others, to be used as organic
pupuk organik yang digunakan sebagai pemupukan tanaman. fertilizers for plant fertilization.
Sebagian besar limbah yang dihasilkan dari aktivitas operasional Most of the waste generated from the operational activities
Perseroan dan Entitas Anak merupakan limbah kertas. of the Company and its Subsidiaries consists of paper waste.
Untuk menekan volume limbah tersebut, Perseroan secara To reduce the volume of such waste, the Company consistently
konsisten memantau penggunaan kertas dan mendorong monitors paper usage and encourages its reduction through
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pengurangannya melalui optimalisasi proses digitalisasi. Berikut the optimization of digitalization processes. The following
ini adalah data penggunaan kertas oleh Entitas Anak selama presents data on paper usage by the Subsidiaries over the past
3 tahun terakhir. [POJK.51-F.13] [ESG-E.05] 3 years. [POJK.51-F.13] [ESG-E.05]
(dalam ton / in ton)
Nama Entitas Anak
2025 2024 2023
Subsidiaries Name
PT Bank Sinarmas Tbk 5.25 4.53 3.75
PT Asuransi Sinar Mas 2.10 1.22 6.40
PT Asuransi Simas Insurtech 0.30 0.30 0.30
PT AB Sinarmas Multifinance 2.15 2.20 2.23
PT Sinarmas Sekuritas 0.77 3.62 2.80
PT Sinarmas Asset Management 0.79 0.61 1.23
PT Sinartama Gunita 0.21 - -
PT Pasar Dana Pinjaman (Danamas) 0.18 3.36 0.18
PT Wapindo Jasaartha 0.19 0.16 0.12
Total 11.94 15.84 16.89
Catatan / Note:
1 rim / ream = 2.5 kg
Biaya Pengelolaan Lingkungan Environmental Management Expense
[POJK.51-F.4] [POJK.51-F.4]
Dalam 3 tahun terakhir, Perseroan melalui Entitas Anak telah Over the past 3 years, the Company, through its Subsidiaries,
mengeluarkan biaya pengelolaan lingkungan sebagai berikut. has incurred environmental management expenses as follows.
(dalam jutaan Rupiah / in million Rupiah)
Nama Entitas Anak
2025 2024 2023**)
Subsidiaries Name
PT Bank Sinarmas Tbk 404 397 303
PT Asuransi Sinar Mas 871 818 763
PT Asuransi Simas Jiwa*) 5 5 5
PT Sinarmas Sekuritas - 165 32
PT Sinarmas Asset Management - - 132
PT Pasar Dana Pinjaman (Danamas) - 121 115
PT Wapindo Jasaartha 38 38 35
Total 1,318 1,506 1,350
Catatan / Notes:
*) Biaya untuk iuran sampah dan kebersihan kantor Gedung Asuransi Simas Jiwa, Jl. Lombok No. 73. / Fees for garbage and office cleaning fees of Simas Jiwa Insurance Building,
Jl. Lombok No. 73.
**) Perhitungan kembali. / Recalculation.
Kegiatan Kepedulian terhadap Lingkungan Environmental Care Activities
Sebagai bagian dari komitmen untuk menjaga kelestarian As part of its commitment to environmental preservation and
lingkungan serta mendukung upaya mitigasi perubahan iklim, supporting the climate change mitigation efforts, the Company,
Perseroan melalui PT Asuransi Simas Jiwa melaksanakan through PT Asuransi Simas Jiwa, conducted various environmental
berbagai inisiatif kepedulian terhadap lingkungan. Komitmen care initiatives. This commitment was realized through
tersebut diwujudkan melalui kegiatan penanaman 350 bibit the planting of 350 mangrove seedlings in PIK Mangrove
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mangrove di Kawasan Ekowisata Mangrove PIK, Jakarta Ecotourism Area, Jakarta, on 20 December 2025. The event
pada 20 Desember 2025. Kegiatan ini dihadiri oleh Ibu Janty was attended by Mrs. Janty Sumirkan as a representative of
Sumirkan selaku perwakilan Direksi PT Asuransi Simas Jiwa Board of Directors of PT Asuransi Simas Jiwa and involved
serta melibatkan karyawan sebagai relawan. Melalui kegiatan employees as volunteers. Through this activity, the Company is
ini, Perseroan turut berkontribusi dalam mendukung ketahanan contributing to support coastal ecosystem resilience, improving
ekosistem pesisir, meningkatkan kualitas lingkungan, serta environmental quality, and strengthening collective awareness
memperkuat kesadaran kolektif terhadap pentingnya pelestarian on the importance of environmental preservation for future
lingkungan bagi keberlanjutan di masa mendatang. sustainability.
Sertifikasi dan Pengaduan Masalah Environmental Certification and
Lingkungan Complaints
Aktivitas operasional Perseroan tidak menimbulkan dampak The Company’s operational activities do not have a direct
lingkungan yang signifikan secara langsung, sehingga pada significant environmental impact; therefore, environmental
saat ini belum diperlukan sertifikasi di bidang lingkungan. certification is not yet required at this time. Nevertheless,
Meskipun demikian, Perseroan tetap membuka saluran the Company continues to maintain communication channels
komunikasi bagi pemangku kepentingan untuk menyampaikan for stakeholders to provide feedback or complaints regarding
saran maupun keluhan terkait inisiatif lingkungan melalui e-mail environmental initiatives through the e-mail address
multiartha@smma.com atau kontak yang tercantum di situs multiartha@smma.com or the contact information listed on
web masing-masing Entitas Anak. each Subsidiary’s website.
Selama 3 tahun terakhir, Perseroan dan Entitas Anak tidak Over the past 3 years, the Company and its Subsidiaries have
menerima pengaduan yang berkaitan dengan pelaksanaan not received any complaints related to the implementation of
inisiatif lingkungan. [POJK.51-F.16] environmental initiatives. [POJK.51-F.16]
PT Sinar Mas Multiartha Tbk - 343
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Laporan Tahunan 2025
2025 Annual Report
Tanggung Jawab Laporan Tahunan [POJK.51-G.2]
Annual Report Responsibility
Surat Pernyataan Anggota Dewan Komisaris dan Direksi tentang Tanggung Jawab
atas Laporan Tahunan 2025 PT Sinar Mas Multiartha Tbk
Statement of Members of the Board of Commissioners and the Board of Directors on the Responsibility
for the 2025 Annual Report of PT Sinar Mas Multiartha Tbk
Kami, yang bertanda tangan di bawah ini, menyatakan bahwa semua We, the undersigned, hereby declare that the 2025 Annual Report
informasi dalam Laporan Tahunan PT Sinar Mas Multiartha Tbk tahun of PT Sinar Mas Multiartha Tbk has already contained a complete
2025 telah dimuat secara lengkap dan bertanggung jawab penuh information and we shall be fully responsible for the correctness of
atas kebenaran isi Laporan Tahunan Perseroan. the Company’s Annual Report content.
Demikian pernyataan ini dibuat dengan sebenarnya. This statement is hereby made in all truthfulness.
Jakarta, 30 Juni / June 2026
Dewan Komisaris,
Board of Commissioners,
Fuganto Widjaja Robinson Simbolon Ketut Sanjaya
Komisaris Utama Komisaris Independen Komisaris Independen
President Commissioner Independent Commissioner Independent Commissioner
Direksi,
Board of Directors,
Burhanuddin Abdullah
Direktur Utama
President Director
Eric Buntoro Agus Leman Gunawan Ir. Dumoly Freddy Pardede
Wakil Direktur Utama Direktur Direktur
Vice President Director Director Director
Felix Lynn Ramli Tjong Huei Wey
Direktur Direktur Direktur
Director Director Director
PT Sinar Mas Multiartha Tbk - 345
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Tanggapan terhadap Umpan Balik Laporan Tahun Sebelumnya [POJK.51-G.4] Responses to Previous Year’s Report Feedback Perseroan tidak menerima umpan balik dari pemangku The Company did not receive any feedback from stakeholders kepentingan atas Laporan Tahunan 2024. Akan tetapi, Perseroan on the 2024 Annual Report. However, the Company continues tetap mengupayakan peningkatan kualitas penyampaian Laporan to strive to improve the quality of Annual Report submission in Tahunan pada setiap tahun pelaporan. each reporting year. 346 - PT Sinar Mas Multiartha Tbk
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Laporan Tahunan 2025
2025 Annual Report
Lembar Umpan Balik [POJK.51-G.3]
Feedback Form
Setelah membaca Laporan Tahunan PT Sinar Mas Multiartha Tbk, kami mohon kesediaan para pemangku kepentingan untuk
memberikan umpan balik dengan mengirim e-mail atau mengirim formulir ini melalui fax/pos.
After reading this Annual Report of PT Sinar Mas Multiartha Tbk, we would like to ask all stakeholders to kindly provide feedback by
sending this form by e-mail, fax or post.
Tidak
Pertanyaan Setuju
Setuju
Questions Agree
Disagree
Laporan ini telah memberikan informasi yang bermanfaat mengenai kinerja ekonomi, sosial, dan lingkungan Perseroan.
This report has provided useful information on economic, social, and environmental performance of the Company.
Data dan informasi yang diungkapkan mudah dipahami, lengkap, transparan, dan berimbang.
Data and information disclosed are easy to understand, complete, transparent, and balanced.
Data dan informasi yang disajikan berguna dalam pengambilan keputusan.
Data and information presented are useful for making decision.
Laporan ini menarik dan mudah dibaca.
This report is interesting and easy to read.
Mohon berikan nilai mengenai aspek yang terdapat dalam laporan ini (nilai 1 = paling penting, 2 = penting, 3 = tidak penting, 4 = sangat
tidak penting).
Please rate the aspects presented in this report (1 = most important, 2 = important, 3 = not important, 4 = very unimportant).
Kinerja Ekonomi dan Stabilitas Keuangan Inklusi dan Literasi Keuangan
Economic Performance and Financial Stability Financial Inclusion and Literacy
Tata Kelola Anti-Fraud dan Integritas Bisnis Keterlibatan Sosial dan Tanggung Jawab Kemasyarakatan
Anti-Fraud Governance and Business Integrity Social Engagement and Community Responsibility
Inovasi Digital dan Layanan Keuangan Berkelanjutan Efisiensi Energi dan Pengelolaan Dampak Lingkungan
Digital Innovation and Sustainable Financial Services Energy Efficiency and Environmental Impact Management
Transparansi Informasi dan Perlindungan Nasabah Manajemen Risiko Iklim dan Lingkungan
Information Transparency and Customer Protection Climate and Environmental Risk Management
Pengembangan Sumber Daya Manusia (SDM) dan Manajemen Risiko Sistemik dan Kecukupan Modal
Kesejahteraan Karyawan Systemic Risk Management and Capital Adequacy
Human Resources (HR) Development and Employee
Welfare
Mohon berikan komentar/saran/usulan bagi laporan ini.
Please provide comments/suggestions/ideas for this report.
PT Sinar Mas Multiartha Tbk - 347
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Profil Anda
Your Profile
Nama
:
Name
Pekerjaan
:
Occupation
Institusi/Perusahaan
:
Institution/Company
Kontak (telepon, e-mail)
:
Contact (phone, e-mail)
Kategori Pemangku Kepentingan
Stakeholder Category
Pemerintah Pelanggan Karyawan Mitra Kerja
Government Customer Employee Business Partners
Media Masyarakat LSM Lain-Lain, ...
Media Community NGO Others, ...
Saran dan tanggapan yang Anda berikan atas informasi yang disajikan dalam laporan ini mohon dikirimkan kepada:
Please send Your suggestion and response to information presented in this report to:
Sekretaris Perusahaan / Corporate Secretary
Menara Tekno Lt. 7 / 7th Fl.
Jl. Fachruddin No. 19, Jakarta Pusat / Central Jakarta 10250
(021) 392 5660 (021) 392 5788 multiartha@smma.co.id www.smma.co.id
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Indeks Pengungkapan Kriteria
POJK No. 51/POJK.03/2017 [POJK.51-G.5]
POJK Criteria Disclosure Index No. 51/POJK.03/2017
No. Indeks Uraian Halaman
Index No. Description Page
A.1 Penjelasan Strategi Keberlanjutan Description on Sustainability Strategy 6
Ikhtisar Kinerja Keberlanjutan / Sustainability Performance Highlights
B.1 Ikhtisar Kinerja Ekonomi Economic Performance Highlights 18
B.2 Ikhtisar Kinerja Lingkungan Hidup Environmental Performance Highlights 25
B.3 Ikhtisar Kinerja Sosial Social Performance Highlights 24
Profil Perusahaan / Company Profile
C.1 Visi, Misi, dan Nilai Keberlanjutan Vision, Mission, and Sustainability Values 72
C.2 Alamat Perusahaan Company Address 64
18; 75; 172;
C.3 Skala Perusahaan Company Scale
185
C.4 Produk, Layanan, dan Kegiatan Usaha yang Dijalankan Products, Services, and Business Activities Conducted 74
C.5 Keanggotaan pada Asosiasi Association Membership 29
C.6 Perubahan Organisasi Bersifat Signifikan Significant Organizational Change 65
Penjelasan Direksi / Explanation from Board of Directors
D.1 Penjelasan Direksi Explanation from the Board of Directors 40
Tata Kelola Keberlanjutan / Sustainability Governance
Person in Charge for the Implementation of Sustainable
E.1 Penanggung Jawab Penerapan Keuangan Berkelanjutan 288
Finance
E.2 Pengembangan Kompetensi terkait Keuangan Berkelanjutan Competency Development related to Sustainable Finance 288
Risk Assessment for the Implementation of Sustainable
E.3 Penilaian Risiko atas Penerapan Keuangan Berkelanjutan 274
Finance
E.4 Hubungan dengan Pemangku Kepentingan Stakeholders Relations 8
E.5 Permasalahan terhadap Penerapan Keuangan Berkelanjutan Issues with the Implementation of Sustainable Finance 289
Kinerja Keberlanjutan / Sustainability Performance
F.1 Kegiatan Membangun Budaya Keberlanjutan Activities to Build a Culture of Sustainability 288
Kinerja Ekonomi / Economic Performance
Perbandingan Target dan Kinerja Produksi, Portofolio, Comparison of Production Targets and Performance,
F.2 Target Pembiayaan, atau Investasi, Pendapatan dan Portfolios, Financing Targets, or Investments, Income and 217
Laba Rugi Profit and Loss
Perbandingan Target dan Kinerja Portofolio, Target Comparison of Portfolio Targets and Performance,
F.3 Pembiayaan, atau Investasi pada Instrumen Keuangan Financing Targets, or Investments in Financial Instruments 333
atau Proyek yang Sejalan dengan Keuangan Berkelanjutan or Projects in Line with Sustainable Finance
PT Sinar Mas Multiartha Tbk - 349
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No. Indeks Uraian Halaman
Index No. Description Page
Kinerja Lingkungan / Environmental Performance
Umum / General
F.4 Biaya Lingkungan Hidup Environmental Costs 342
Aspek Material / Material Aspect
F.5 Penggunaan Material yang Ramah Lingkungan Use of Environmentally Friendly Materials 334
Aspek Energi / Energy Aspect
F.6 Jumlah dan Intensitas Energi yang Digunakan Amount and Intensity of Energy Used 337
Upaya dan Pencapaian Efisiensi Energi dan Penggunaan Efforts and Achievement of Energy Efficiency and Use of
F.7 335
Energi Terbarukan Renewable Energy
Aspek Air / Water Aspect
F.8 Penggunaan Air Water Usage 338
Aspek Keanekaragaman Hayati / Biodiversity Aspect
Dampak dari Wilayah Operasional yang Dekat atau Berada Impact of Operational Areas Located Near or Within
F.9 N/A
di Daerah Konservasi atau Memiliki Keanekaragaman Hayati Conservation Areas or with Biodiversity
F.10 Usaha Konservasi Keanekaragaman Hayati Biodiversity Conservation Effort N/A
Aspek Emisi / Emission Aspect
Jumlah dan Intensitas Emisi yang Dihasilkan berdasarkan
F.11 Amount and Intensity of Emissions Generated by Type 339-340
Jenisnya
F.12 Upaya dan Pencapaian Pengurangan Emisi yang Dilakukan Emission Reduction Efforts and Achievements Made 339
Aspek Limbah dan Efluen / Waste and Effluent Aspect
Jumlah Limbah dan Efluen yang Dihasilkan berdasarkan
F.13 Amount of Waste and Effluent Generated by Type 342
Jenis
F.14 Mekanisme Pengelolaan Limbah dan Efluen Waste and Effluent Management Mechanism 340
F.15 Tumpahan yang Terjadi (jika ada) Spill Occurring (if any) N/A
Aspek Pengaduan terkait Lingkungan Hidup / Aspects of Complaints related to the Environment
Jumlah dan Materi Pengaduan Lingkungan Hidup yang Number and Material of Environmental Complaints
F.16 343
Diterima dan Diselesaikan Received and Resolved
Kinerja Sosial / Social Performance
Komitmen LJK, Emiten, atau Perusahaan Publik untuk
LJK, Issuer, or Public Company Commitment to Provide
F.17 Memberikan Layanan atas Produk dan/atau Jasa yang 323
Equal Service for Products and/or Services to Consumers
Setara kepada Konsumen
Aspek Ketenagakerjaan / Employment Aspect
F.18 Kesetaraan Kesempatan Bekerja Equal Opportunity to Work 290
F.19 Tenaga Kerja Anak dan Tenaga Kerja Paksa Child Labor and Forced Labor 291
F.20 Upah Minimum Regional Regional Minimum Wage 292
F.21 Lingkungan Bekerja yang Layak dan Aman Decent and Safe Work Environment 292
187-188;
F.22 Pelatihan dan Pengembangan Kemampuan Pegawai Employee Training and Capacity Building
291
Aspek Masyarakat / Community Aspect
F.23 Dampak Operasi terhadap Masyarakat Sekitar Impact of Operations on the Surrounding Communities 293
F.24 Pengaduan Masyarakat Public Complaints 322
F.25 Kegiatan Tanggung Jawab Sosial Lingkungan (TJSL) Environmental Social Responsibility (TJSL) Activities 293-322
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No. Indeks Uraian Halaman
Index No. Description Page
Tanggung Jawab Pengembangan Produk/Jasa Berkelanjutan / Responsibility for Sustainable Products/Services Development
Inovasi dan Pengembangan Produk/Jasa Keuangan Sustainable Financial Products/Services Innovation and
F.26 326
Berkelanjutan Development
Produk/Jasa yang Sudah Dievaluasi Keamanannya bagi Products/Services that have been Evaluated for Safety
F.27 328
Pelanggan for Customers
F.28 Dampak Produk/Jasa Products/Services Impact N/A
F.29 Jumlah Produk yang Ditarik Kembali Number of Products Recalled 328
Survei Kepuasan Pelanggan terhadap Produk dan/atau Customer Satisfaction Survey on Sustainable Financial
F.30 324
Jasa Keuangan Berkelanjutan Products and/or Services
Lain-Lain / Others
G.1 Verifikasi Tertulis dari Pihak Independen (jika ada) Independent Party Written Verification (if any) 14
Surat Pernyataan Anggota Direksi tentang Tanggung Statement of Members of the Board of Directors regarding
G.2 345
Jawab atas Laporan Keberlanjutan the Responsibility for Sustainability Reports
G.3 Lembar Umpan Balik Feedback Form 347
Tanggapan terhadap Umpan Balik Laporan Tahun
G.4 Responses to Previous Year’s Report Feedback 346
Sebelumnya
List of Disclosures in Accordance with POJK No. 51/
G.5 Daftar Pengungkapan sesuai POJK No. 51/POJK.03/2017 349
POJK.03/2017
PT Sinar Mas Multiartha Tbk - 351
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Daftar Pengungkapan Metrik Pelaporan ESG
List of Disclosure of ESG Metrics Reporting
Kinerja No. Indeks Nama Metrik Halaman
Performance Index No. Metrics Name Page
[ESG-E.01] Laporan Emisi Gas Rumah Kaca Greenhouse Gases Emissions Report 339
[ESG-E.02] Intensitas Emisi Gas Rumah Kaca Greenhouse Gases Emissions Intensity 339-340
[ESG-E.03] Konsumsi Energi Listrik Electrical Energy Consumption 337-338
Lingkungan [ESG-E.04] Konsumsi Air Water Consumption 338-339
Environmental
[ESG-E.05] Limbah yang Dihasilkan Waste Generated 342
Komitmen Perusahaan untuk Mencapai Target Company’s Commitment to Achieve Net Zero
[ESG-E.06] 340
Net Zero Emission Emission Target
Komitmen Perusahaan untuk Mengurangi Emisi Company’s Commitment to Reduce Greenhouse
[ESG-E.07] 339
Gas Rumah Kaca Gases Emissions
[ESG-S.01] Kesetaraan Gender Gender Equality 290
Pegawai berdasarkan Gender dan Kelompok
[ESG-S.02] Employee by Gender and Age Group 186; 290
Umur
[ESG-S.03] Tingkat Pergantian Pegawai Employee Turnover Rate 187
[ESG-S.04] Jumlah Pegawai Sementara Total Temporary Employee 187
187-188;
[ESG-S.05] Pelatihan dan Pengembangan Pegawai Employee Training and Development
291
Sosial [ESG-S.06] Jumlah Kecelakaan Kerja Total Work Accident 292
Social [ESG-S.07] Kejadian Pelanggaran Hak Asasi Manusia Incident of Human Rights Violation 292
Kebijakan Pelecehan Seksual dan/atau Sexual Harassment and/or Non-Discrimination
[ESG-S.08] 291
Non-Diskriminasi Policy
[ESG-S.09] Kebijakan mengenai Hak Asasi Manusia Human Rights Policy 290
[ESG-S.10] Kebijakan Pekerja Anak dan/atau Pekerja Paksa Child Labor and/or Forced Labor Policy 291
Kebijakan mengenai Kesehatan dan Keselamatan Occupational Health and Safety Policy and
[ESG-S.11] Kerja serta Lingkungan Kerja yang Aman dan Safe and Decent Work Environment Provided 292
Layak diberikan kepada Seluruh Karyawan for All Employees
[ESG-S.12] Corporate Social Responsibility Corporate Social Responsibility 293-322
238-239;
[ESG-G.01] Keberagaman Manajemen dan Independensi Management Diversity and Independence
247
Total Kehadiran Direksi dan Komisaris ke Rapat Total Attendance of the Board of Directors and 241-242;
[ESG-G.02]
Dewan the Board of Commissioners in Board Meetings 249-250
Kebijakan Pemisahan Chairman of the Board Chairman of the Board and Chief Executive
[ESG-G.03] 224
dan Chief Executive Officer (CEO) Officer (CEO) Separation Policy
Board of Directors and Board of Commissioners 242-243;
Tata Kelola [ESG-G.04] Kebijakan Penilaian Dewan Direksi dan Komisaris
Assessment Policy 251
Governance
Board of Directors and Board of Commissioners
[ESG-G.05] Kebijakan Pelatihan Dewan Direksi dan Komisaris 242; 250
Training Policy
[ESG-G.06] Kriteria Khusus Pemilihan Dewan Special Criteria for Board Selection 252
[ESG-G.07] Kode Etik dan/atau Anti-Korupsi Code of Ethics and/or Anti-Corruption 280; 282
Kebijakan Perlakuan Adil terhadap Pemegang
[ESG-G.08] Fair Treatment of Shareholders Policy 174; 283
Saham
[ESG-G.09] Pencegahan Konflik Kepentingan Conflicts of Interest Prevention 284
352 - PT Sinar Mas Multiartha Tbk
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PT Sinar Mas Multiartha Tbk - 353
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Laporan
Keuangan
Financial Report
7
354 - PT Sinar Mas Multiartha Tbk
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PT Sinar Mas Multiartha Tbk - 355
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Halaman ini sengaja dikosongkan. This page is intentionally left blank.
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PT Sinar Mas Multiartha Tbk dan Entitas Anak/and Subsidiaries Laporan Keuangan Konsolidasian/ Consolidated Financial Statements Untuk Tahun-tahun yang Berakhir 31 Desember 2025 dan 2024/ For the Years Ended December 31, 2025 and 2024
Page 360
PT SINAR MAS MULTIARTHA TBK DAN ENTITAS ANAK/AND SUBSIDIARIES
DAFTAR ISI/TABLE OF CONTENTS
Halaman/
Page
Laporan Auditor Independen/Independent Auditors’ Report
Surat Pernyataan Direksi tentang Tanggung Jawab atas Laporan Keuangan Konsolidasian
PT Sinar Mas Multiartha Tbk dan Entitas Anak untuk Tahun-tahun yang Berakhir
31 Desember 2025 dan 2024/
The Directors’ Statement on the Responsibility for Consolidated Financial Statements of
PT Sinar Mas Multiartha Tbk and Subsidiaries for the Years Ended December 31, 2025 and
2024
LAPORAN KEUANGAN KONSOLIDASIAN - Untuk Tahun-tahun yang Berakhir 31 Desember
2025 dan 2024/
CONSOLIDATED FINANCIAL STATEMENTS - For the Years Ended December 31, 2025 and
2024
Laporan Posisi Keuangan Konsolidasian/Consolidated Statements of Financial Position……… 1-4
Laporan Laba Rugi dan Penghasilan Komprehensif Lain Konsolidasian/Consolidated
Statements of Profit or Loss and Other Comprehensive Income…………………………… 5-6
Laporan Perubahan Ekuitas Konsolidasian/Consolidated Statements of Changes in Equity…… 7-9
Laporan Arus Kas Konsolidasian/Consolidated Statements of Cash Flows……………………… 10-11
Catatan atas Laporan Keuangan Konsolidasian/Notes to Consolidated Financial Statements… 12-204
Informasi Tambahan/Addition Information…………………………………………………………….. I.1 - I.16
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Laporan Posisi Keuangan Konsolidasian Consolidated Statement of Financial Position
31 Desember 2025, 31 Desember 2024 dan December 31, 2025, December 31, 2024,
1 Januari 2024 and January 1, 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1 Januari 2024/
31 Desember 2023/
31 Desember/ 31 Desember/ January 1, 2024/
Catatan/ December 31, December 31, December 31,
Notes 2025 2024*) 2023*)
ASET ASSETS
Kas dan bank - bersih 4 9.180.682 8.828.002 9.533.705 Cash and cash in banks - net
Investasi jangka pendek 5 Short-term investments
Pihak berelasi 4.244.414 5.181.316 24.097.445 Related parties
Pihak ketiga 74.194.826 65.653.252 38.997.564 Third parties
Cadangan kerugian
penurunan nilai (189.538) (175.560) (175.445) Allowance for impairment losses
Jumlah - bersih 78.249.702 70.659.008 62.919.564 Total - net
Efek-efek yang dibeli Securities purchased under
dengan janji jual kembali 6 1.394.940 192.215 - agreements to resell
Piutang pembiayaan multiguna 7 Multipurpose financing receivables
Pihak berelasi 522 615 756 Related parties
Pihak ketiga 1.913.801 2.285.993 2.184.858 Third parties
Pendapatan yang belum
diakui (602.742) (694.376) (674.212) Unearned income
Cadangan kerugian
penurunan nilai (48.889) (54.876) (75.376) Allowance for impairment losses
Jumlah - bersih 1.262.692 1.537.356 1.436.026 Total - net
Piutang sewa pembiayaan 8 Finance lease receivables
Pihak berelasi 8.357 33.408 64.763 Related parties
Pihak ketiga 587.666 136.944 145.917 Third parties
Nilai residu yang terjamin 348.259 66.089 65.965 Guaranteed residual value
Penghasilan pembiayaan
tangguhan (182.385) (26.321) (21.358) Unearned lease income
Simpanan jaminan (348.259) (66.089) (65.965) Security deposits
Cadangan kerugian
penurunan nilai (5.689) (18.515) (14.025) Allowance for impairment losses
Jumlah - bersih 407.949 125.516 175.297 Total - net
Piutang pembiayaan modal Working capital financing with
kerja skema anjak piutang 9 factoring scheme receivables
Pihak berelasi - 18.954 14.554 Related parties
Pihak ketiga 1.242.884 1.635.229 2.669.235 Third parties
Cadangan kerugian
penurunan nilai (78.496) (179.637) (170.272) Allowance for impairment losses
Jumlah - bersih 1.164.388 1.474.546 2.513.517 Total - net
Premiums and reinsurance
Kredit yang diberikan 11 Loans
Pihak berelasi 110.156 104.202 96.104 Related parties
Pihak ketiga 11.500.817 14.069.451 16.680.619 Third parties
Jumlah 11.610.973 14.173.653 16.776.723 Total
Cadangan kerugian
penurunan nilai (753.940) (1.554.963) (1.690.430) Allowance for impairment losses
Jumlah - bersih 10.857.033 12.618.690 15.086.293 Total - net
Lihat catatan atas laporan keuangan konsolidasian yang See accompanying notes to the consolidated financial
merupakan bagian yang tidak terpisahkan dari laporan statements which are an integral part of the consolidated
keuangan konsolidasian. financial statements.
-1-
Page 373
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Laporan Posisi Keuangan Konsolidasian Consolidated Statement of Financial Position
31 Desember 2025, 31 Desember 2024 dan December 31, 2025, December 31, 2024,
1 Januari 2024 and January 1, 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1 Januari 2024/
31 Desember 2023/
31 Desember/ 31 Desember/ January 1, 2024/
Catatan/ December 31, December 31, December 31,
Notes 2025 2024*) 2023*)
Tagihan akseptasi 12 Acceptance receivables
Pihak ketiga 161.253 38.144 79.864 Third parties
Cadangan kerugian
penurunan nilai (29) (15) (1.560) Allowance for impairment losses
Jumlah - bersih 161.224 38.129 78.304 Total - net
Aset ijarah 13 Ijarah assets
Biaya perolehan 875.608 481.325 615.525 Cost
Akumulasi penyusutan (202.045) (129.800) (181.623) Accumulated depreciation
Nilai tercatat 673.563 351.525 433.902 Net book value
Piutang transaksi efek 14 Securities transaction receivables
Pihak ketiga 652.467 171.354 154.722 - Third parties
Piutang lain-lain 15 Other accounts receivable
Pihak berelasi 76.730 544.053 373.759 Related parties
Pihak ketiga 2.634.846 3.015.875 2.713.886 Third parties
Cadangan kerugian
penurunan nilai (17.137) (550) (414) Allowance for impairment losses
Jumlah - bersih 2.694.439 3.559.378 3.087.231 Total - net
Aset kontrak asuransi 1.089.221 2.662.509 37.106 Insurance Contract Asset
Aset kontrak reasuransi 3.149.235 4.497.161 7.725.885 Reinsurance Contract Asset
Investasi dalam saham 16 2.987.099 3.503.395 3.357.804 Investment in shares of stock
Cadangan kerugian
penurunan nilai - - (8.000) Allowance for impairment losses
Jumlah - bersih 2.987.099 3.503.395 3.349.804 Total - net
Properti investasi 17 Investment properties
Biaya perolehan 645.022 527.485 525.500 Cost
Akumulasi penyusutan (206.119) (121.615) (111.831) Accumulated depreciation
Nilai tercatat 438.903 405.870 413.669 Net carrying value
Aset tetap 18 Property and equipment
Biaya perolehan 6.381.014 6.288.459 5.931.905 Cost
Akumulasi penyusutan (3.871.350) (3.588.020) (3.186.911) Accumulated depreciation
Nilai tercatat 2.509.664 2.700.439 2.744.994 Net carrying value
Agunan yang diambil alih 19 338.094 348.751 362.473 Foreclosed assets
Cadangan kerugian
penurunan nilai (88.744) (84.631) (88.120) Allowance for impairment losses
Jumlah - bersih 249.350 264.120 274.353 Total - net
Aset pajak tangguhan 42 251.073 465.698 375.773 Deferred tax assets
Aset lain-lain 20 Other assets
Pihak berelasi 397.838 717.019 1.351.102 Related parties
Pihak ketiga 2.619.785 4.348.637 4.353.952 Third parties
Jumlah 3.017.623 5.065.656 5.705.054 Total
JUMLAH ASET 120.391.247 119.120.567 116.045.199 TOTAL ASSETS
Lihat catatan atas laporan keuangan konsolidasian yang See accompanying notes to the consolidated financial
merupakan bagian yang tidak terpisahkan dari laporan statements which are an integral part of the consolidated
keuangan konsolidasian. financial statements.
-2-
Page 374
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Laporan Posisi Keuangan Konsolidasian Consolidated Statement of Financial Position
31 Desember 2025, 31 Desember 2024 dan December 31, 2025, December 31, 2024,
1 Januari 2024 and January 1, 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1 Januari 2024/
31 Desember 2023/
31 Desember/ 31 Desember/ January 1, 2024/
Catatan/ December 31, December 31, December 31,
Notes 2025 2024*) 2023*)
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
LIABILITAS LIABILITIES
Simpanan dan simpanan Deposits and deposits from
dari bank lain 21 other banks
Pihak berelasi 6.750.948 8.422.492 7.542.621 Related parties
Pihak ketiga 38.616.920 35.508.177 33.407.584 Third parties
Jumlah 45.367.868 43.930.669 40.950.205 Total
Efek-efek yang dijual dengan
janji beli kembali Securities sold under agreements
pihak ketiga 22 - 879.455 1.051.717 to repurchase - third parties
Liabilitas kontrak asuransi 25.873.249 29.009.457 29.928.252 Insurance contract liabilities
Liabilitas kontrak reasuransi 1.409.812 2.085.647 648.796 Reinsurance contract liabilities
Liabilitas kontrak penjaminan Guarantee contract liabilities and
dan premi diterima dimuka 23 2.696.215 2.879.032 3.820.404 premiums received in advance
Liabilitas manfaat polis
masa depan 337.362 697.499 3.045.628 Liability for future policy benefits
Premi belum merupakan
pendapatan dan estimasi Unearned premiums and estimated
liabilitas klaim 230.182 - - claims liability
Liabilitas akseptasi 12 161.553 38.160 79.880 Acceptance payables
Utang transaksi efek 24 502.248 89.688 86.341 Securities transaction payables
Utang pajak 25 106.898 203.229 120.322 Taxes payable
Beban akrual 26 411.526 306.114 332.020 Accrued expenses
Surat berharga yang
diterbitkan 27 9.029.855 9.436.290 8.390.304 Securities issued
Pinjaman yang diterima 28 2.509.972 1.257.352 2.086.386 Loans received
Liabilitas pajak tangguhan 42 37.534 8.234 4.765 Deferred tax liabilities
Liabilitas imbalan kerja
jangka panjang 44 239.210 164.850 148.681 Long-term employee Benefits Liability
Reserve for profit sharing
Cadangan bagi hasil peserta 30.281 252.300 21.614 distribution to participants
Liabilitas lain-lain 29 Other Liabilities
Pihak berelasi 2.667.201 1.500 746.045 Related parties
Pihak ketiga 2.869.178 4.141.329 1.338.401 Third parties
Jumlah 5.536.379 4.142.829 2.084.446 Total
Jumlah Liabilitas 94.480.144 95.380.805 92.799.761 Total Liabilities
Lihat catatan atas laporan keuangan konsolidasian yang See accompanying notes to the consolidated financial
merupakan bagian yang tidak terpisahkan dari laporan statements which are an integral part of the consolidated
keuangan konsolidasian. financial statements.
-3-
Page 375
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Laporan Posisi Keuangan Konsolidasian Consolidated Statement of Financial Position
31 Desember 2025, 31 Desember 2024 dan December 31, 2025, December 31, 2024,
1 Januari 2024 and January 1, 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1 Januari 2024/
31 Desember 2023/
31 Desember/ 31 Desember/ January 1, 2024/
Catatan/ December 31, December 31, December 31,
Notes 2025 2024*) 2023*)
EKUITAS EQUITY
Ekuitas yang Dapat
Diatribusikan Kepada Equity Attributable to Owners
Pemilik Entitas Induk of the Parent Company
Modal saham - nilai nominal Capital stock - Rp5,000
Rp5.000 (dalam Rupiah penuh) (in full Rupiah amount) par value
per saham Seri A dan Rp100 per Series A share and Rp100
(dalam Rupiah penuh) (in full Rupiah amount)
per saham Seri B par value per Series B share
Modal dasar - 142.474.368
saham Seri A dan Authorized - 142,474,368 Series A
21.371.155.200 shares and 21,371,155,200 Series
saham Seri B B shares
Modal ditempatkan
dan disetor - Seri A
sebanyak 142.474.368
saham
Seri B masing-masing Issued and paid-up -
sebanyak 6.225.190.349 142,474,368 Series A shares
saham 31 1.334.891 1.334.891 1.334.891 6,225,190,349 Series B shares
Tambahan modal disetor
- bersih 32 1.647.520 1.647.520 1.647.520 Additional paid-in capital - net
Komponen ekuitas lainnya 33 233.700 213.535 369.386 Other equity component
Saldo laba Retained earnings
Ditentukan penggunaannya 34 791.607 791.607 791.607 Appropriated
Tidak ditentukan
penggunaannya 19.519.774 17.529.824 16.553.162 Unappropriated
Jumlah 23.527.492 21.517.377 20.696.566 Total
Kepentingan nonpengendali 30 2.383.611 2.222.385 2.548.872 Non-controlling interests
Jumlah Ekuitas 25.911.103 23.739.762 23.245.438 Total Equity
JUMLAH LIABILITAS TOTAL LIABILITIES
DAN EKUITAS 120.391.247 119.120.567 116.045.199 AND EQUITY
Lihat catatan atas laporan keuangan konsolidasian yang See accompanying notes to the consolidated financial
merupakan bagian yang tidak terpisahkan dari laporan statements which are an integral part of the consolidated
keuangan konsolidasian. financial statements.
-4-
Page 376
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Laporan Laba Rugi dan Penghasilan Komprehensif Consolidated Statement of Profit or
Lain Konsolidasian Loss and Other Comprehensive Income
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah, unless
kecuali dinyatakan lain) otherwise stated)
Catatan/
2025 Notes 2024*)
PENDAPATAN INCOME
Pendapatan underwriting
asuransi 5.040.933 55.462 Insurance underwriting income
Pendapatan Jasa Asuransi 19.724.083 21.265.626 Insurance service revenues
Pendapatan keuangan reasuransi 579.255 748.387 Reinsurance finance income
Pendapatan bunga dan Interest and profit sharing
bagi hasil 5.137.551 35 5.891.616 income
Keuntungan penjualan
investasi jangka Gain on sale of short-term
pendek - bersih 713.493 413.410 investments - net
Pendapatan administrasi Administration fee and
dan komisi 1.108.357 719.704 commissions
Penjualan 690.621 36 643.171 Sales
Pendapatan jasa Income from underwriting
penjaminan emisi services and securities
dan perantara pedagang efek brokers and
serta manager investasi 577.021 605.833 investment managers
Keuntungan dari investasi pada Gain on investments in
unit reksa dana 775.620 6 505.639 units of mutual funds
Keuntungan selisih kurs mata Gain on foreign exchange
uang asing - bersih 320.886 163.937 - net
Ekuitas pada laba entitas Share in net income of the
asosiasi - bersih 157.459 101.742 associates - net
Keuntungan atas kenaikan Gains on increases
nilai wajar efek 1.746.386 in the fair value of securities
Income from lending
Pendapatan pinjam meminjam and borrowing based on
berbasis teknologi informasi 20.534 3.558 information technology
Pendapatan jasa biro Income from securities
administrasi efek 9.457 8.764 administration fee
Jumlah Pendapatan 36.601.656 31.126.849 Total Income
BEBAN EXPENSES
Beban underwriting asuransi 1.320.692 7.990 Insurance underwriting expenses
General and administrative
Beban jasa asuransi 20.736.834 15.618.627 Insurance service expense
Beban dari kontrak reasuransi
yang dimiliki 4.227.291 12.163.494 Reinsurance contract expenses
Beban keuangan asuransi 1.208.521 1.332.334 Insurance finance expense
Beban umum dan administrasi 1.958.435 38 2.224.494 expenses
Beban gaji dan tunjangan
karyawan 1.962.403 1.763.344 Salaries and employee benefits
Beban bunga dan bagi hasil 2.231.984 39 2.229.786 Interest and profit sharing expenses
Beban kerugian penurunan Provision for impairment losses
nilai aset keuangan on financial and non-financial
dan non-keuangan - bersih - 508.907 assets - net
Beban pokok penjualan 697.603 661.602 Costs of goods sold
Kerugian atas penurunan Loss on decreases
nilai wajar efek - 217.208 in fair value of securities
(Pendapatan) beban lain-lain 197.611 40 5.325.843 Other (income) expenses
Jumlah Beban 34.146.152 29.890.135 Total Expenses
LABA SEBELUM PAJAK 2.455.504 1.236.714 PROFIT BEFORE TAX
Lihat catatan atas laporan keuangan konsolidasian yang See accompanying notes to the consolidated financial
merupakan bagian yang tidak terpisahkan dari laporan statements which are an integral part of the consolidated
keuangan konsolidasian. financial statements.
-5-
Page 377
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Laporan Laba Rugi dan Penghasilan Komprehensif Consolidated Statement of Profit or
Lain Konsolidasian Loss and Other Comprehensive Income
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah, unless
kecuali dinyatakan lain) otherwise stated)
Catatan/
2025 Notes 2024*)
BEBAN (MANFAAT) PAJAK 43 TAX EXPENSE (BENEFIT)
Kini 129.796 236.992 Current tax
Tangguhan 221.724 (14.639) Deferred tax
Jumlah 351.520 222.353 Total
LABA TAHUN BERJALAN 2.103.984 1.014.361 PROFIT FOR THE YEAR
PENGHASILAN (RUGI) OTHER COMPREHENSIVE
KOMPREHENSIF LAIN INCOME (LOSS)
Pos yang tidak akan direklasifikasi Items that will not be reclassified
ke laba rugi to profit or loss
Pengukuran kembali liabilitas Remeasurement of defined
imbalan pasti (91.538) 41 24.083 benefit liability
Pajak sehubungan dengan
pos yang tidak akan Tax relating to item that will
direklasifikasi 15.708 42 (5.298) not be reclassified
(71.400) 18.785
Laba (rugi) yang belum
direalisasi atas perubahan Unrealized gain (loss) on
nilai wajar efek (21.012) 5,33 (264.330) changes in fair value of
Pos yang akan direklasifikasi Items that will be reclassified
ke laba rugi to profit or loss
Ekuitas pada penyesuaian
penjabaran dari entitas Translation adjustment
anak 18.096 33 9.478 of a subsidiary
JUMLAH PENGHASILAN (RUGI) TOTAL OTHER
KOMPREHENSIF COMPREHENSIVE INCOME
SETELAH PAJAK (74.316) (236.067) (LOSS) - NET OF TAX
JUMLAH PENGHASILAN TOTAL COMPREHENSIVE
KOMPREHENSIF - BERSIH 2.178.300 778.294 INCOME - NET
Laba bersih teratribusikan kepada: Profit attributable to:
Pemilik entitas induk 2.045.644 957.875 Owners of the Parent Company
Kepentingan nonpengendali 58.340 30 56.486 Non-controlling interests
2.103.984 1.014.361
Penghasilan komprehensif Comprehensive income
teratribusikan kepada: attributable to:
Pemilik entitas induk 2.008.235 746.334 Owners of the Parent Company
Kepentingan nonpengendali 170.065 31.960 Non-controlling interests
2.178.300 778.294
Laba Bersih per Saham Earnings per Share
(dalam Rupiah penuh) 44 (in full Rupiah amount)
Dasar (Dilusian) 321 150 Basic (Diluted)
*) Disajikan Kembali, lihat Catatan 62. *) As restated, refer to Note 62.
Lihat catatan atas laporan keuangan konsolidasian yang See accompanying notes to the consolidated financial
merupakan bagian yang tidak terpisahkan dari laporan statements which are an integral part of the consolidated
keuangan konsolidasian. financial statements.
-6-
Page 378
PT SINAR MAS MULTIARTHA TBK DAN ENTITAS ANAK PT SINAR MAS MULTIARTHA TBK AND SUBSIDIARIES
Laporan Perubahan Ekuitas Konsolidasian Consolidated Statement of Changes in Equity
Untuk Tahun-tahun Yang Berakhir 31 Desember 2025 dan 2024 For the Years Ended December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, kecuali dinyatakan lain) (Figures are Presented in Millions Rupiah, unless otherwise stated)
Ekuitas yang dapat Diatribusikan kepada Pemilik Entitas Induk/Equity Attributable to Owners of the Parent Company
Komponen Ekuitas Lainnya/Other Equity Components
Dampak Transaksi
Laba yang Entitas Anak dan Entitas
Belum Asosiasi dengan Investor
Direalisasi lain atau Kepentingan
atas Kenaikan Nonpengendali/
(Penurunan) Nilai Impact of
Tambahan Wajar Efek/ Penyesuaian Subsidiaries
Modal Disetor Unrealized Penjabaran dari and Associates Saldo Laba/Retained Earnings Kepentingan
Bersih/ Gain (Loss) on Entitas Anak/ Transactions with Nonpengendali/ Jumlah
Modal Additional Change in Translation Other Investors Ditentukan Tidak Ditentukan Non Ekuitas/
Catatan/ Saham/ Paid-in Fair Value of Adjustment of or Non-Controlling Penggunaannya/ Penggunaannya/ Controlling Total
Notes Capital stock Capital - Net Securities a Subsidiary Interest Total Appropriated Unappropriated Total Interests Equity
Saldo pada tanggal 1 Januari 2024/
Balance as at January 1, 2024 1.334.891 1.647.520 650.295 (24.682) (256.227 ) 369.386 791.607 18.136.270 22.279.674 2.548.872 24.828.546
Penyesuaian atas penerapan
PSAK No. 117 (Catatan 56)/
Adjustment of adoption of
PSAK No. 117 (Note 56) - - - - - - - (1.583.108 ) (1.583.108) - (1.583.108)
Saldo 1 Januari 2024
(Disajikan kembali - Catatan 62)/
Balance as at January 1, 2024
(As restated - Note 62) 1.334.891 1.647.520 650.295 (24.682) (256.227) 369.386 791.607 16.553.162 20.696.566 2.548.872 23.245.438
Laba tahun berjalan/
Profit for the year - - - - - - - 957.875 957.875 56.486 1.014.361
Laba komprehensif lain/
Other Comprehensive Income
Pengukuran kembali
liability imbalan pasti/
Remeasurement of defined
benefit liability 41,42 - - - - - - - 18.572 18.572 5.184 23.756
Laba yang belum direalisasi atas
kenaikan nilai wajar efek/
Unrealized gain on change in
fair value of financial assets 5,32 - - (239.769) - - (239.769) - - (239.769) (29.532 ) (269.301)
Ekuitas pada penyesuaian
penjabaran dari entitas anak/
Translation adjusment of subsiadiary 32 - - - 9.656 - 9.656 - - 9.656 (178) 9.478
Jumlah penghasilan komprehensif/
Total comprehensive income -- - (239.769) 9.656 - (230.113) - 976.447 746.334 31.960 778.294
Lihat Catatan atas laporan keuangan konsolidasian yang merupakan bagian yang tidak terpisahkan See accompanying notes to the consolidated financial statements which are an integral part of
dari laporan keuangan konsolidasian. the consolidated financial statements.
-7-
Page 379
PT SINAR MAS MULTIARTHA TBK DAN ENTITAS ANAK PT SINAR MAS MULTIARTHA TBK AND SUBSIDIARIES
Laporan Perubahan Ekuitas Konsolidasian Consolidated Statement of Changes in Equity
Untuk Tahun-tahun Yang Berakhir 31 Desember 2025 dan 2024 For the Years Ended December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, kecuali dinyatakan lain) (Figures are Presented in Millions Rupiah, unless otherwise stated)
Ekuitas yang dapat Diatribusikan kepada Pemilik Entitas Induk/Equity Attributable to Owners of the Parent Company
Komponen Ekuitas Lainnya/Other Equity Components
Dampak Transaksi
Laba yang Entitas Anak dan Entitas
Belum Asosiasi dengan Investor
Direalisasi lain atau Kepentingan
atas Kenaikan Nonpengendali/
(Penurunan) Nilai Impact of
Tambahan Wajar Efek/ Penyesuaian Subsidiaries
Modal Disetor Unrealized Penjabaran dari and Associates Saldo Laba/Retained Earnings Kepentingan
Bersih/ Gain (Loss) on Entitas Anak/ Transactions with Nonpengendali/ Jumlah
Modal Additional Change in Translation Other Investors Ditentukan Tidak Ditentukan Non Ekuitas/
Catatan/ Saham/ Paid-in Fair Value of Adjustment of or Non-Controlling Penggunaannya/ Penggunaannya/ Controlling Total
Notes Capital stock Capital - Net Securities a Subsidiary Interest Total Appropriated Unappropriated Total Interests Equity
Dampak transaksi entitas anak
dan entitas asosiasi dengan
investor lain atau
kepentingan nonpengendali/
Impact of subsidiaries and associates
transaction with other investors
or Non-Conrolling interest - - - - 74.262 74.262 - - 74.262 (76.267 ) (2.005)
Pembelian/penjualan saham
dari minoritas/
Acquisition/sale of shares by minority - - - - - - 215 215 (282.180 ) (281.965)
Jumlah transaksi dengan pemilik/
Total transactions with the owner - - - - 74.262 74.262 - 215 74.477 (358.447) (283.970)
Saldo 31 Desember 2024 (Disajikan
kembali - Catatan 56)/
Balance as at December 31, 2024
(As restated - Note 56) 1.334.891 1.647.520 410.526 (15.026) (181.965 ) 213.535 791.607 17.529.824 21.517.377 2.222.385 23.739.762
Lihat Catatan atas laporan keuangan konsolidasian yang merupakan bagian yang tidak terpisahkan See accompanying notes to the consolidated financial statements which are an integral part of
dari laporan keuangan konsolidasian. the consolidated financial statements.
-8-
Page 380
PT SINAR MAS MULTIARTHA TBK DAN ENTITAS ANAK PT SINAR MAS MULTIARTHA TBK AND SUBSIDIARIES
Laporan Perubahan Ekuitas Konsolidasian Consolidated Statement of Changes in Equity
Untuk Tahun-tahun Yang Berakhir 31 Desember 2025 dan 2024 For the Years Ended December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, kecuali dinyatakan lain) (Figures are Presented in Millions Rupiah, unless otherwise stated)
Ekuitas yang dapat Diatribusikan kepada Pemilik Entitas Induk/Equity Attributable to Owners of the Parent Company
Komponen Ekuitas Lainnya/Other Equity Components
Dampak Transaksi
Laba yang Entitas Anak dan Entitas
Belum Asosiasi dengan Investor
Direalisasi lain atau Kepentingan
atas Kenaikan Nonpengendali/
(Penurunan) Nilai Impact of
Tambahan Wajar Efek/ Penyesuaian Subsidiaries
Modal Disetor Unrealized Penjabaran dari and Associates Saldo Laba/Retained Earnings Kepentingan
Bersih/ Gain (Loss) on Entitas Anak/ Transactions with Nonpengendali/ Jumlah
Modal Additional Change in Translation Other Investors Ditentukan Tidak Ditentukan Non Ekuitas/
Catatan/ Saham/ Paid-in Fair Value of Adjustment of or Non-Controlling Penggunaannya/ Penggunaannya/ Controlling Total
Notes Capital stock Capital - Net Securities a Subsidiary Interest Total Appropriated Unappropriated Total Interests Equity
Saldo 31 Desember 2024 (Disajikan
kembali - Catatan 56)/
Balance as at December 31, 2024
(As restated - Note 56) 1.334.891 1.647.520 410.526 (15.026) (181.963 ) 213.537 791.607 17.529.822 21.517.377 2.222.385 23.739.762
Laba tahun berjalan/
Profit for the year - - - - - - - 2.045.644 2.045.644 58.340 2.103.984
Laba komprehensif lain/
Other Comprehensive Income
Pengukuran kembali
liability imbalan pasti/
Remeasurement of defined
benefit liability 41,42 - - - - - - - (55.692) (55.692) 9.537 (46.155)
Laba yang belum direalisasi atas
kenaikan nilai wajar efek/
Unrealized gain on change in
fair value of financial assets 5,32 - - 187 - - 187 - - 187 104.418 104.605
Ekuitas pada penyesuaian
penjabaran dari entitas anak/
Translation adjusment of subsiadiary 32 - - - 18.096 - 18.096 - - 18.096 (2.230) 15.866
Jumlah penghasilan komprehensif/
Total comprehensive income - - 187 18.096 - 18.283 - 1.989.952 2.008.235 170.065 2.178.300
Dampak transaksi entitas anak
dan entitas asosiasi dengan
investor lain atau
kepentingan nonpengendali/
Impact of subsidiaries and associates
transaction with other investors
or Non-Controlling interest - - - - 1.880 1.880 - - 1.880 (8.839) (6.959)
Jumlah transaksi dengan pemilik/
Total transactions with the owner - - - - 1.880 1.880 - - 1.880 (8.839) (6.959)
Saldo pada tanggal 31 Desember 2025/
Balance as at December 31, 2025 1.334.891 1.647.520 410.713 3.070 (180.083 ) 233.700 791.607 19.519.774 23.527.492 2.383.611 25.911.103
Lihat Catatan atas laporan keuangan konsolidasian yang merupakan bagian yang tidak terpisahkan See accompanying notes to the consolidated financial statements which are an integral part of
dari laporan keuangan konsolidasian. the consolidated financial statements.
-9-
Page 381
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Laporan Arus Kas Konsolidasian Consolidated Statement of Cash Flows
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah, unless
kecuali dinyatakan lain) otherwise stated)
Catatan/
2025 Notes 2024
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
OPERASI OPERATING ACTIVITIES
Penerimaan dari jasa
asuransi 46.062.711 17.351.919 Insurance income received
Penerimaan bunga dan Interest and profit sharing
bagi hasil 5.176.378 35 5.783.186 revenues
Securities transaction income
Penerimaan dari transaksi efek 570.235 603.069 received
Penerimaan dari jasa biro Securities administration
administrasi efek 9.277 8.630 fee received
Penerimaan dari pendapatan
lain-lain 2.063.845 37 2.099.013 Other income received
Pembayaran beban Insurance underwriting
underwriting asuransi (24.757.803) (16.281.964) expenses paid
Pembayaran beban usaha (4.262.122) 38 (5.569.104) Operating expenses
Pembayaran beban bunga Interest and profit sharing
dan bagi hasil (1.188.819) 39 (1.182.049) expenses
Keuntungan selisih kurs 5.009 (158.649) Gain on foreign exchange
Subtotal 23.678.711 2.654.051 Subtotal
Penurunan (kenaikan) aset: Decrease (increase) in assets:
Efek yang dibeli dengan Securities purchased under
janji jual kembali (1.202.725) (192.215) agreements to resell
Investasi jangka pendek (5.943.632) (2.601.537) Short-term investments
Piutang pembiayaan Multipurpose financing
multiguna 93.537 7 (501.195) receivables
Piutang sewa pembiayaan (282.434) 8 45.293 Finance lease receivables
Working capital financing
Piutang pembiayaan modal with factoring scheme
kerja skema anjak piutang 182.710 9 1.021.360 receivables
Kredit yang diberikan 2.556.256 11 2.596.646 Loans
Aset Ijarah (322.039) 13 82.377 Ijarah assets
Securities transaction
Piutang transaksi efek (474.329) 14 (14.645) receivables
Piutang lain-lain 954.288 15 (533.432) Other accounts receivable
Agunan yang diambil alih 10.657 20 13.722 Foreclosed properties
Aset lain-lain 1.947.376 21 610.601 Other assets
Simpanan dan simpanan Deposits and deposits from
dari bank lain 1.437.200 22 2.980.463 other banks
Efek yang dijual dengan Securities sold under
janji beli kembali (879.455) 23 (172.262) agreement to repurchased
Premi diterima dimuka (229.511) 23 (963.845) Premiums received in advance
Utang transaksi efek 412.560 24 3.347 Securities transaction payables
Utang pajak (24.217) 25 13.436 Taxes payable
Beban akrual 123.448 26 (18.074) Accrued expenses
Bagi hasil peserta 4.981 3.686 Profit sharing
Liabilitas lain-lain (23.677.693) 259.801 Other liabilities
Kas Bersih Diperoleh dari
Aktivitas Operasi Net Cash Provided by
sebelum Pajak (1.634.311) 5.287.578 Operating Activities before Tax
Pembayaran pajak penghasilan (201.910) 25,42 (167.522) Income tax paid
Kas Bersih Diperoleh dari Net Cash Provided by
Aktivitas Operasi (1.836.221) 5.120.056 Operating Activities
Lihat Catatan atas laporan keuangan konsolidasian yang See accompanying notes to the consolidated financial
merupakan bagian yang tidak terpisahkan dari laporan statements which are an integral part of the consolidated
keuangan konsolidasian. financial statements.
- 10 -
Page 382
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Laporan Arus Kas Konsolidasian Consolidated Statement of Cash Flows
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah, unless
kecuali dinyatakan lain) otherwise stated)
Catatan/
2025 Notes 2024
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
INVESTASI INVESTING ACTIVITIES
Penerimaan penjualan investasi Proceeds from sale of
dalam saham 98.556 16 52.116 investment in shares
Proceeds from sale of property
Hasil penjualan aset tetap 10.062 18 5.969 and equipment
Acquisition of investment
Penambahan properti investasi (95.448) 17 (2.676) properties
Acquisition of investment
Pembelian aset tetap (194.411) 18 (418.480) and equipment
Kas Bersih Diperoleh dari
(Digunakan untuk) Net Cash Provided by
Aktivitas Investasi (181.241) (363.071) (Used in) Investing Activities
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
PENDANAAN FINANCING ACTIVITIES
(Pembayaran) penambahan (Payment) proceeds
pinjaman yang diterima 1.251.492 28 (829.990) from loan received
Penerbitan surat berharga Proceeds from securities
yang diterbitkan (86.359) 27 1.819.547 issued
(Setoran) tambahan pada entitas Capital stock of subsidiaries
anak oleh kepentingan (issued) acquitisiton to
nonpengendali 575.199 (400.887) non-controlling interest
Pembayaran beban bunga
pinjaman yang diterima Payment of interest expense
dan surat berharga yang on loan received and
diterbitkan (1.381.297) 28,39 (1.828.276) securities issued
Kas Bersih Diperoleh dari
(Digunakan untuk) Net Cash Provided by (Used in)
Aktivitas Pendanaan 359.035 (1.239.606) Financing Activities
KENAIKAN NET INCREASE IN
BERSIH KAS DAN CASH AND CASH
SETARA KAS (1.658.427) 3.517.379 EQUIVALENTS
CASH AND CASH EQUIVALENTS
KAS DAN SETARA KAS AT THE BEGINNING OF
AWAL TAHUN 23.380.455 19.530.995 THE YEAR
Pengaruh perubahan kurs Effect of foreign exchange
mata uang asing 331.744 332.081 rate changes
KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS
AKHIR TAHUN 22.053.772 23.380.455 AT THE END OF THE YEAR
PENGUNGKAPAN SUPPLEMENTAL
TAMBAHAN DISCLOSURES
Kas dan bank 9.180.682 8.828.567 Cash and cash in banks
Investasi jangka pendek Short-term investments
jangka waktu jatuh tempo with maturities
tiga bulan atau kurang sejak of three months or
tanggal perolehan 12.873.090 14.551.888 less from the placement date
Jumlah kas dan setara kas 22.053.772 23.380.455 Total Cash and Cash Equivalents
Lihat Catatan atas laporan keuangan konsolidasian yang See accompanying notes to the consolidated financial
merupakan bagian yang tidak terpisahkan dari laporan statements which are an integral part of the consolidated
keuangan konsolidasian. financial statements.
- 11 -
Page 383
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. Umum 1. General
a. Pendirian dan Informasi Umum a. Establishment and General Information
PT Sinar Mas Multiartha Tbk (“Perusahaan”) PT Sinar Mas Multiartha Tbk (the “Company”)
sebelumnya bernama PT Internas Arta which was formerly named PT Internas Arta
Leasing Company atau PT Internas Arta Leasing Company or PT Internas Arta Finance
Finance Company, didirikan dengan Akta No. Company, was established by virtue of Notarial
60 tertanggal 21 Oktober 1982 dari Benny Deed No. 60 dated October 21, 1982 of Benny
Kristianto, S.H., notaris di Jakarta, yang telah Kristianto, S.H., public notary in Jakarta, which
disahkan oleh Menteri Kehakiman Republik was approved by the Minister of Justice of the
Indonesia pada tanggal 30 September 1983 Republic of Indonesia in his Decision
melalui Surat Keputusan No. C2- Letter No. C2-6537.HT.01.01.Th.83 dated
6537.HT.01.01.Th.83 dengan nama September 30, 1983, under the name of
PT Internas Arta Leasing Company. Akta PT Internas Arta Leasing Company. The
Pendirian ini telah didaftarkan ke Kantor Articles of Association of the Company were
Pengadilan Negeri Jakarta Barat pada tanggal registered in the Court of Justice of West
17 Mei 1984 dengan No. 489/1984. Jakarta on May 17, 1984 under registration
No. 489/1984.
Pada tanggal 1 Mei 1989, pemegang saham On May 1, 1989, the stockholders held an
mengadakan Rapat Umum Pemegang Saham Extraordinary General Stockholders Meeting
Luar Biasa (RUPSLB) dan memutuskan untuk (EGSM) and agreed to change the Company’s
mengubah nama PT Internas Arta Leasing name from PT Internas Arta Leasing Company
Company menjadi PT Internas Arta Finance to PT Internas Arta Finance Company. These
Company. Keputusan ini dituangkan dalam decisions were documented in Notarial Deed
Akta No. 15 tertanggal 1 Mei 1989 dari Benny No. 15 dated May 1, 1989 of Benny Kristianto,
Kristianto, S.H., notaris di Jakarta, dan telah S.H., public notary in Jakarta, and were
mendapat persetujuan dari Menteri Kehakiman approved by the Minister of Justice of the
Republik Indonesia pada tanggal 2 Agustus Republic of Indonesia in his Decision Letter
1989 melalui Surat Keputusan No. C2- No. C2-6968.HT.01.04.Th.89 dated August 2,
6968.HT.01.04.Th.89. Akta ini telah 1989. This Notarial Deed was registered in the
didaftarkan ke Kantor Pengadilan Negeri Court of Justice of West Jakarta on August 16,
Jakarta Barat pada tanggal 16 Agustus 1989 1989 under registration No. 1109/1989.
dengan No. 1109/1989.
Pada tanggal 25 Februari 1995, pemegang On February 25, 1995, the stockholders held
saham mengadakan RUPSLB dan an EGSM and agreed to change the
memutuskan untuk mengubah nama Company’s name to PT Sinar Mas Multiartha.
Perusahaan menjadi PT Sinar Mas Multiartha. This EGSM decision were documented in
Keputusan RUPSLB ini didokumentasikan Notarial Deed No. 218 dated February 25,
dalam Akta No. 218 tertanggal 25 Februari 1995 of Veronica Lily Dharma, S.H., public
1995 dari Veronica Lily Dharma, S.H., notaris notary in Jakarta, and were approved by the
di Jakarta, dan telah mendapat persetujuan Minister of Justice of the Republic of Indonesia
dari Menteri Kehakiman Republik Indonesia in his Decision Letter No. C2-
melalui Surat Keputusan No. C2-5573. 5573.HT.01.04.Th.95 dated May 5, 1995.
HT.01.04.Th.95 tanggal 5 Mei 1995.
Pada tanggal 30 Mei 1996, pemegang saham On May 30, 1996, the stockholders of the
Perusahaan mengadakan RUPSLB dan Company held an EGSM and agreed on
memutuskan hal-hal signifikan antara lain significant matters including the change in the
mengubah kegiatan usaha utama Perusahaan main business activities of the Company from
dari bidang jasa keuangan dan manajemen financing activities and treasury management
treasuri menjadi bidang perdagangan, industri, to trading, manufacturing, transportation, real
angkutan, real estat, dan jasa; dan mengubah estate and services; and changing the Articles
Anggaran Dasar Perusahaan sesuai dengan of Association to comply with Corporate Law
Peraturan Perusahaan No. 1 tahun 1995, No. 1 of 1995, concerning Limited Liability
tentang Perusahaan Terbatas, termasuk Companies, including changing the name of
menyesuaikan nama Perusahaan menjadi the Company to PT Sinar Mas Multiartha Tbk.
PT Sinar Mas Multiartha Tbk. Risalah RUPSLB The minutes of this EGMS were documented
ini didokumentasikan dalam Akta No. 143 dan in Notarial Deed No. 143 and 144 dated
- 12 -
Page 384
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
144 tertanggal 30 Mei 1996 dan Akta May 30, 1996 and Deed of Amendment No. 69
perubahan No. 69 tertanggal 23 Agustus 1996 dated August 23, 1996 of Sutjipto, S.H., public
dari Sutjipto, S.H., notaris di Jakarta. notary in Jakarta. These Notarial Deeds were
Persetujuan dari Menteri Kehakiman Republik approved by the Minister of Justice of the
Indonesia atas perubahan Anggaran Dasar Republic of Indonesia in his Decision Letter
Perusahaan ini diperoleh melalui Surat No. C2-8689.HT.01.04.Th.96 dated August 30,
Keputusan No. C2-8689.HT.01.04.Th.96 1996.
tanggal 30 Agustus 1996.
Perusahaan memulai kegiatan usaha secara The Company started its commercial
komersial sejak tahun 1983, yaitu di bidang operations in 1983, engaging in finance
sewa pembiayaan, anjak piutang, dan leasing, financing with factoring scheme
pembiayaan konsumen. Untuk melaksanakan receivables, and consumer financing. To
kegiatan usaha tersebut, Perusahaan telah conduct the business activities, the Compnay
memperoleh izin dari Menteri Keuangan has obtained a license from the minister of
Republik Indonesia No. 300/KMK.013/1990 finance of the republic of indonesia No.
tertanggal 3 Maret 1990. 300/KMK.013/1990 dated March 3, 1990.
Sesuai dengan pasal 3 Anggaran Dasar In accordance with article 3 of the Company’s
Perusahaan, kegiatan usaha Perusahaan Articles of Association, the business activities
adalah dalam bidang aktivitas keuangan dan of the Company are in financial and insurance
asuransi, aktivitas profesional, ilmiah dan activities, professional, scientific and technical
teknis serta perdagangan besar. Perusahaan activities, and wholesale. The Company is
adalah perusahaan induk (Holding Company) Holding Company with subsidiary entity a
dengan entitas-entitas anak yang bergerak di engaged in the fields of banking, life insurance,
bidang perbankan, asuransi jiwa, asuransi loss insurance, multifinance, securities,
kerugian, pembiayaan, sekuritas, layanan technology - based lending and borrowing
pinjam meminjam uang berbasis teknologi, service, venture capital, share register, money
modal ventura, biro administrasi efek, changer, workshop, property, information
pedagang valuta asing, bengkel, properti, jasa service, and trading and service.
informasi, serta perdagangan dan jasa.
Kelompok Usaha dan Domisili Business Group and Domicile
PT Sinar Mas Cakrawala merupakan PT Sinar Mas Cakrawala is the immediate
pemegang saham dari Perusahaan sebesar holding company of the Company at 49.79%
49,79% pada 31 Desember 2025. Perusahaan as at December 31, 2025. The Company and
dan entitas anak (selanjutnya disebut Grup) its subsidiaries (the Group) are part of the
tergabung dalam kelompok usaha (Grup) Sinar Sinar Mas Group. The ultimate shareholder of
Mas. Pemegang saham akhir Perusahaan the Company is Indra Widjaja.
adalah Indra Widjaja.
Perusahaan berdomisili di Jakarta. Kantor The Company is domiciled in Jakarta. The
Pusat Perusahaan beralamat di Menara Tekno Company’s head office is located at Menara
Lantai 7, Jalan K.H. Fachruddin No. 19, Tekno 7th Floor, Jl. K.H. Fachruddin No. 19,
Jakarta, Indonesia. Jakarta, Indonesia.
b. Penawaran Umum Efek Perusahaan b. Public Offering of the Company’s Securities
Penawaran Umum Saham Perusahaan Public Offering of The Company’s Shares
Pada tanggal 14 Juni 1995, Perusahaan On June 14, 1995, the Company received an
memperoleh pernyataan efektif dari Ketua Effective Statement from the Chairman of
Badan Pengawas Pasar Modal (Bapepam - the Capital Market Supervisory Agency
LK) atau sekarang Otorisasi Jasa Keuangan (Bapepam - LK) or currently Financial Services
(OJK) dalam Surat Keputusan No. S- Authority (OJK) in his Decision Letter No.
759/PM/1995 untuk menjual sahamnya S-759/PM/1995 to sell its share totaling of
sejumlah 60.000.000 saham yang bernilai 60,000,000 shares with a par value of Rp500
nominal Rp500 (dalam Rupiah penuh) per (in full Rupiah) per share to the public with an
saham dengan harga pelaksanaan sebesar exercise price of Rp1,800 (in full Rupiah) per
Rp1.800 (dalam Rupiah penuh) per saham share through the stock exchange in
kepada masyarakat melalui bursa di Indonesia. The sale of these share was listed
Indonesia. Penjualan saham ini dicatatkan di in the Indonesia Stock Exchange on July 5,
Bursa Efek Indonesia pada tanggal 5 Juli 1995.
1995.
- 13 -
Page 385
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Pada tanggal 8 November 1996, pemegang On November 8, 1996, the stockholders held
saham mengadakan RUPSLB untuk an EGSM to ratify the plan of the Company to
mengesahkan rencana Perusahaan untuk conduct a Limited Public Offering I for the
melaksanakan Penawaran Umum Terbatas I issuance of pre-empitive rights to purchase a
dalam rangka penerbitan Hak Memesan Efek total of 663,000,000 shares with a par value of
Terlebih Dahulu untuk membeli sejumlah Rp500 (in full Rupiah) per share at an exercise
663.000.000 saham yang bernilai nominal price of Rp750 (in full Rupiah) per share, which
Rp500 (dalam Rupiah penuh) per saham included 99,450,000 Series I warrants, free of
dengan harga pelaksanaan sebesar Rp750 charge. And convertible into shares from
(dalam Rupiah penuh) per saham, dimana May 28, 1997 to November 28, 2001. The
melekat 99.450.000 waran Seri I yang minutes of this EGSM were documented in
diterbitkan secara cuma-cuma dan dapat Notarial Deed No. 40 dated November 8, 1996
dikonversi menjadi saham mulai tanggal of Sutjipto, S.H., public notary in Jakarta.
28 Mei 1997 sampai dengan tanggal
28 November 2001. Risalah RUPSLB ini
didokumentasikan dalam Akta No. 40
tertanggal 8 November 1996 dari Sutjipto,
S.H., notaris di Jakarta.
Penawaran Umum Terbatas I ini telah The Limited Public Offering I obtained effective
mendapat pernyataan efektif dari Ketua statements from the Chairman of Bapepam
Bapepam (sekarang OJK) pada tanggal (currently OJK) of the Notice of Effectivity in
8 November 1996 melalui Surat Keputusan his Decision Letter No. S-1811/PM/1996 dated
No. S-1811/PM/1996. Jumlah dana yang November 8, 1996. The proceeds from this
diperoleh dari hasil Penawaran Umum Limited Public Offering I amounting to
Terbatas I ini adalah sebesar Rp497.250 dan Rp497,250 were received by the Company in
seluruhnya telah diperoleh Perusahaan pada January 1997. This Limited Public Offering I
bulan Januari 1997. Hasil dari Penawaran increased the Company’s paid-up capital stock
Umum Terbatas I ini meningkatkan modal from Rp331,500 to Rp663,000 and additional
disetor Perusahaan dari Rp331.500 menjadi paid-in capital from Rp1,500 to Rp167,250.
Rp663.000 dan tambahan modal disetor
Perusahaan dari Rp1.500 menjadi Rp167.250.
Pada tanggal 24 Juni 2003, pemegang saham On June 24, 2003, the stockholders held an
mengadakan RUPSLB untuk mengesahkan EGSM to ratify the plan of the Company to
rencana Perusahaan untuk melaksanakan conduct a Limited Public Offering II for the
Penawaran Umum Terbatas II dalam rangka issuance of Preemptive Rights to purchase a
penerbitan Hak Memesan Efek Terlebih total of 2,137,115,520 Series B shares with a
Dahulu untuk membeli sejumlah par value of Rp100 (in full Rupiah) per share at
2.137.115.520 saham Seri B yang bernilai an exercise price of Rp100 (in full Rupiah) per
nominal Rp100 (dalam Rupiah penuh) per share, in which every 15 Series B shares are
saham dengan harga pelaksanaan Rp100 attached to 4 Series II warrants provided by
(dalam Rupiah penuh) per saham, dimana the Company free of charge. The total number
pada setiap 15 saham Seri B melekat 4 waran of Series II warrants issued is 569,897,472
Seri II yang diberikan oleh Perusahaan secara warrants. The Series II warrants can be
cuma-cuma. Jumlah waran Seri II yang converted into shares from January 23, 2004
diterbitkan adalah sebanyak 569.897.472 to July 23, 2008. The minutes of this
waran. Waran Seri II tersebut dapat dikonversi Extraordinary Stockholders Meeting were
menjadi saham mulai tanggal 23 Januari 2004 documented in Notarial Deed No. 153 dated
sampai dengan 23 Juli 2008. Risalah Rapat June 24, 2003 of Aulia Taufani, S.H.,
Umum Pemegang Saham Luar Biasa ini substitute notary of Sutjipto, S.H., public notary
didokumentasikan dalam Akta No. 153 in Jakarta.
tertanggal 24 Juni 2003 dari Aulia Taufani,
S.H., notaris pengganti dari Sutjipto, S.H.,
notaris di Jakarta.
- 14 -
Page 386
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Penawaran Umum Terbatas II ini telah The Limited Public Offering II obtained
mendapat pernyataan efektif dari Ketua effective statements from the Chairman of
Bapepam (sekarang OJK) pada tanggal Bapepam (currently OJK) on June 23, 2003,
23 Juni 2003 melalui Surat Keputusan through Decision Letter No. S-1485/PM/2003.
No. S-1485/PM/2003. Jumlah dana yang The proceeds from this Limited Public Offering
diperoleh dari hasil Penawaran Umum II amounting to Rp213,711 were received by
Terbatas II ini adalah sebesar Rp213.711 dan the Company in July 2003. The proceeds from
seluruhnya telah diperoleh Perusahaan pada Limited Public Offering II increased the
bulan Juli 2003. Hasil dari Penawaran Umum Company’s paid-up capital stock from
Terbatas II ini meningkatkan modal disetor Rp712,372 to Rp926,083. The funds obtained
Perusahaan dari Rp712.372 menjadi from the Limited Public Offering II were utilized
Rp926.083. Dana yang diperoleh dari hasil as investments in subsidiary entities and for
Penawaran Umum Terbatas II ini digunakan the settlement of the Company’s liabilities or
sebagai setoran modal pada anak-entitas anak loans in order to increase the Company’s
serta untuk membayar liabilitas atau pinjaman working capital ratio.
Perusahaan dalam rangka meningkatkan rasio
modal kerja Perusahaan.
Pada tanggal 28 Juni 2005, pemegang saham On June 28, 2005, the stockholders held an
mengadakan RUPSLB untuk mengesahkan EGSM to ratify the plan of the Company to
rencana Perusahaan untuk melaksanakan conduct a Limited Public Offering III for the
Penawaran Umum Terbatas III dalam rangka issuance of Preemptive Rights to purchase, at
penerbitan Hak Memesan Efek Terlebih the most, 991,621,601 Series B shares with a
Dahulu untuk membeli saham Seri B par value of Rp100 (in full Rupiah) per share at
sebanyak-banyaknya 991.621.601 saham an exercise price of Rp125 (in full Rupiah) per
yang bernilai nominal Rp100 (dalam Rupiah share, wherein up to 991,621,601 Series III
penuh) per saham dengan harga pelaksanaan warrants were attached, provided by the
sebesar Rp125 (dalam Rupiah penuh) per Company free of charge. The Series III
saham, dimana melekat sebanyak-banyaknya warrants can be converted into shares from
991.621.601 waran Seri III yang diberikan oleh January 12, 2006 to July 13, 2010. The
Perusahaan secara cuma-cuma. Waran Seri III minutes of this Extraordinary Stockholders
tersebut dapat dikonversi menjadi saham Meeting were documented in Notarial Deed
mulai tanggal 12 Januari 2006 sampai dengan No. 274 dated June 28, 2005 of Aulia Taufani,
13 Juli 2010. Risalah RUPSLB ini S.H., substitute notary of Sutjipto, S.H., public
didokumentasikan dalam Akta No. 274 notary in Jakarta.
tertanggal 28 Juni 2005 dari Aulia Taufani,
S.H., notaris pengganti dari Sutjipto, S.H.,
notaris di Jakarta.
Penawaran Umum Terbatas III ini telah The Limited Public Offering III obtained
mendapat pernyataan efektif dari Ketua effective statements from the Chairman of
Bapepam (sekarang OJK) pada tanggal Bapepam (currently OJK) on June 27, 2005,
27 Juni 2005 melalui Surat Keputusan No. S- through Decision Letter No. S-1691/PM/2005.
1691/PM/2005. Jumlah saham seri B yang The total number of Series B shares issued
diterbitkan dari Penawaran Umum Terbatas III from this Limited Public Offering II is
ini adalah sejumlah 991.325.341 saham, 991,325,341, which includes 991,325,341
dimana melekat 991.325.341 waran seri III. Series III warrants. The total funds obtained
Jumlah dana yang diperoleh dari hasil from this Limited Public Offering III amounting
Penawaran Umum Terbatas III ini adalah to Rp123,916.
sebesar Rp123.916.
Dana yang diperoleh dari hasil Penawaran The funds obtained from the Limited Public
Umum Terbatas III ini digunakan sebagai Offering III were used as capital injections into
setoran modal pada entitas anak serta untuk subsidiary entities and for the working capital
modal kerja Perusahaan. of the Company.
- 15 -
Page 387
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Pada tanggal 17 Juni 2008, pemegang saham On June 17, 2008, the stockholders held an
mengadakan RUPSLB untuk mengesahkan EGSM to ratify the plan of the Company to
rencana Perusahaan untuk melaksanakan conduct a Limited Public Offering IV for the
Penawaran Umum Terbatas IV dalam rangka issuance of Preemptive Rights to purchase, at
penerbitan Hak Memesan Efek Terlebih the most, 966,427,608 Series B shares with a
Dahulu untuk membeli saham Seri B par value of Rp100 (in full Rupiah) per share at
sebanyak-banyaknya 966.427.608 saham an exercise price of Rp100 (in full Rupiah) per
yang bernilai nominal Rp100 (dalam Rupiah share, wherein up to 1,449,641,412 Series IV
penuh) per saham dengan harga pelaksanaan warrants were attached, provided by the
sebesar Rp100 (dalam Rupiah penuh) per Company free of charge. The Series IV
saham, dimana melekat sebanyak-banyaknya warrants can be converted into shares from
1.449.641.412 waran Seri IV yang diberikan January 6, 2009 to July 9, 2013. The minutes
oleh Perusahaan secara cuma-cuma. Waran of this Extraordinary Stockholders Meeting
Seri IV tersebut dapat dikonversi menjadi were documented in Notarial Deed No. 141
saham mulai tanggal 6 Januari 2009 sampai dated June 17, 2008 of Sutjipto, S.H., public
dengan 9 Juli 2013. Risalah Rapat Umum notary in Jakarta.
Pemegang Saham Luar Biasa ini
didokumentasikan dalam Akta No. 141
tertanggal 17 Juni 2008 dari Sutjipto, S.H.,
notaris di Jakarta.
Penawaran Umum Terbatas IV ini telah The Limited Public Offering IV obtained
mendapat pernyataan efektif dari Ketua effective statements from the Chairman of
Bapepam dan Lembaga Keuangan (LK) Bapepam (currently OJK) on June 16, 2008,
(sekarang OJK) pada tanggal 16 Juni 2008 through Decision Letter No. S-3859/BL/2008.
melalui Surat Keputusan No. S-3859/BL/2008. The total number of Series B shares issued
Jumlah saham Seri B yang diterbitkan dari from this Limited Public Offering IV is
Penawaran Umum Terbatas IV ini adalah 964,528,953, which includes 1,446,793,426
sejumlah 964.528.953 saham, dimana melekat Series IV warrants. The total funds obtained
1.446.793.426 waran Seri IV. Jumlah dana from this Limited Public Offering IV amounting
yang diperoleh dari hasil Penawaran Umum to Rp96,453.
Terbatas IV ini adalah sebesar Rp96.453.
Dana yang diperoleh dari hasil Penawaran The funds from the Limited Public Offering IV
Umum Terbatas IV ini digunakan sebagai were used as capital injections into subsidiary
setoran modal pada entitas anak serta untuk entities and to settle its obligations or loans in
membayar liabilitas atau pinjaman Perusahaan order to increase the Company’s working
dalam rangka meningkatkan rasio modal kerja capital ratio.
Perusahaan.
Berdasarkan Akta No. 51 tanggal In accordance with the Notarial Deed No. 51
20 November 2015 dari Aryanti Artisari, S.H., dated November 20, 2015 of Aryanti Artisari,
M.Kn., notaris di Jakarta, tentang Berita Acara S.H., M.Kn., public notary in Jakarta, regarding
RUPSLB, pemegang saham Perusahaan the minutes of the EGSM, the Company’s
menyetujui untuk menerbitkan 623.780.871 stockholders approved the issuance of
saham baru seri B yang berasal dari saham 623,780,871 new series B shares from the
portepel Perusahaan dengan nilai nominal Company’s unissued stock with par value of
Rp100 (dalam Rupah Penuh) melalui Rp100 per share (in full Rupiah) by Capital
Penambahan Modal Tanpa Hak Memesan Increase Without Pre-emptive Rights (CIWPR).
Efek Terlebih Dahulu (PMTHMETD).
Pada tanggal 16 Agustus 2016, Perusahaan On August 16, 2016, the Company carried out
melaksanakan PMTHMETD untuk saham baru CIWPR for new 10,000,000 series B shares
seri B sebanyak 10.000.000 saham dengan with the amount of proceeds obtained from
jumlah dana yang diperoleh dari pemegang Shareholders in relation to this CIWPR
saham dalam pelaksanaan PMTHMETD amounting to Rp50,060 (Note 35).
adalah sebesar Rp50.060 (Catatan 35).
- 16 -
Page 388
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Pada tanggal 2 Juni 2017, Perusahaan On June 2, 2017, the Company carry out the
melaksanakan konversi (PMTHMETD) untuk conversion of CIWPR for converting
saham baru seri B yang telah ditukar menjadi 129,856,000 Series B shares, in thereby the
saham sebanyak 129.856.000 saham, total number of shares (Shares A and Shares
sehingga jumlah saham seluruhnya (Seri A B) is 6,367,664,717 shares (Note 35).
dan Seri B) adalah sebanyak 6.367.664.717
saham (Catatan 35).
Penawaran Umum Obligasi Perusahaan Public Offering of The Company’s Bonds
Pada tanggal 31 Agustus 2020, Perusahaan On August 31, 2020, the Company obtained
memperoleh Pernyataan Efektif dari Kepala an Effective Statement from the Chairman of
Eksekutif Pengawas Pasar Modal Otoritas the Capital Market Financial Services Authority
Jasa Keuangan (OJK) melalui suratnya No. S- (OJK) in his Letter No. S-236/D.04/2020 to
236/D.04/2020 untuk melaksanakan carry out the Public Offering of Sinar Mas
Penawaran Umum Berkelanjutan I Obligasi Multiartha Continuing Bond I Year 2020 with
Sinar Mas Multiartha Tahun 2020 dengan maximum principal amount of Rp1,000,000.
jumlah pokok obligasi sebanyak-banyaknya PT Bank KB Indonesia Tbk acted as the
Rp1.000.000. PT Bank KB Indonesia Tbk trustee.
bertindak sebagai wali amanat.
1. Penarikan Tahap I Tahun 2020 sebesar 1. The Phase I Year 2020 withdrawal
Rp125.000 diterbitkan dalam 3 seri amounting to Rp125,000 is issued in 3
penarikan yaitu: series as follows:
a. Obligasi Seri A sebesar Rp55.000 a. Series A Bonds amounting to
pada tanggal 8 September 2020 dan Rp55,000 on September 8, 2020 and
jatuh tempo 13 September 2021 matures on September 13, 2021 with
dengan tingkat bunga tetap sebesar fixed interest rate of 8.00% per
8,00% per tahun yang terhutang annum which is payable on a
setiap triwulan (Pada tahun 2021, quarterly basis (the Company has
Perusahaan telah melunasi Obligasi repaid the Bonds in 2021).
tersebut).
b. Obligasi Seri B sebesar Rp55.000 b. Series B Bonds amounting to
pada tanggal 8 September 2020 dan Rp55,000 on September 8, 2020 and
jatuh tempo 8 September 2022 matures on September 8, 2022 with
dengan tingkat bunga tetap sebesar fixed interest rate of 8.50% per
8,50% per tahun yang terhutang annum which is payable on a
setiap triwulan (Pada tahun 2022, quarterly basis (the Company has
Perusahaan telah melunasi Obligasi repaid the Bonds in 2022).
tersebut).
c. Obligasi Seri C sebesar Rp15.000 c. Series C Bonds amounting to
pada tanggal 8 September 2020 dan Rp15,000 on September 8, 2020 and
jatuh tempo 8 September 2023 matures on September 8, 2023 with
dengan tingkat bunga tetap sebesar fixed interest rate of 9.00% per
9,00% per tahun yang terhutang annum which is payable on a
setiap triwulan (Pada tahun 2023, quarterly basis (the Company has
Perusahaan telah melunasi Obligasi repaid the Bonds in 2023).
tersebut).
Pada tanggal 2 Oktober 2020, sesuai On October 2, 2020, based on Notarial
dengan Akta No. 3 dari Aulia Taufani, Deed No. 3 of Aulia Taufani, SH., notary in
S.H., notaris di Jakarta, Perusahaan Jakarta, the Company issued Sinar Mas
menerbitkan Obligasi Berkelanjutan I Multiartha Tbk Continuing Bond I Phase II
Sinar Mas Multiartha Tbk Tahap II Tahun Year 2020.
2020.
- 17 -
Page 389
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. Penarikan Tahap II Tahun 2020 sebesar 2. The Phase II Year 2020 withdrawal
Rp875.000 diterbitkan dalam 2 seri amounting to Rp875,000 is issued in 2
penarikan yaitu: series as follows:
a. Obligasi Seri A sebesar Rp1.000 a. Series A Bonds amounting to
pada tanggal 11 November 2020 dan Rp1,000 on November 11, 2020 and
jatuh tempo 11 November 2023 matures on November 11, 2023 with
dengan tingkat bunga tetap sebesar fixed interest rate of 9.00% per
9,00% per tahun yang terhutang annum which is payable on a
setiap triwulan (Pada tahun 2023, quarterly basis (the Company has
Perusahaan telah melunasi Obligasi repaid the Bonds in 2023).
tersebut).
b. Obligasi Seri B sebesar Rp874.000 b. Series B Bonds amounting to
pada tanggal 11 November 2020 dan Rp874,000 on November 11, 2020
jatuh tempo 11 November 2025 and matures on November 11, 2025
dengan tingkat bunga tetap sebesar with fixed interest rate of 10.25% per
10,25% per tahun yang terhutang annum which is payable on a
setiap triwulan. quarterly basis.
Pada tanggal 27 Agustus 2021, On August 27, 2021, the Company
Perusahaan memperoleh Pernyataan obtained an Effective Statement from the
Efektif dari Kepala Eksekutif Pengawas Chairman of the Capital Market Financial
Pasar Modal Otoritas Jasa Keuangan Services Authority OJK in his Letter No.S-
(OJK) melalui suratnya No.S- 146/D.04/2021 to carry out the Public
146/D.04/2021 untuk melaksanakan Offering of Sinar Mas Multiartha
Penawaran Umum Berkelanjutan II Continuing Bond II Year 2021 with
Obligasi Sinar Mas Multiartha Tahun 2021 maximum principal amount of
dengan jumlah pokok obligasi sebanyak- Rp5,000,000. PT Bank KB Indonesia Tbk
banyaknya Rp5.000.000. Dimana acted as the trustee.
PT Bank KB Indonesia Tbk bertindak
sebagai wali amanat.
Penarikan Tahap I Tahun 2021 sebesar The Phase I Year 2021 withdrawal
Rp705.700 diterbitkan dalam 3 seri amounting to Rp705,700 is issued in 3
dengan ketentuan sebagai berikut: series as follows:
a. Obligasi Seri A sebesar Rp507.000 a. Series A Bonds amounting to
pada tanggal 7 September 2021 dan Rp507,000 on September 7, 2021
jatuh tempo 17 September 2022 and matures on September 17, 2022
dengan tingkat bunga tetap sebesar with fixed interest rate 6.75% per
6,75% per tahun yang terhutang annum which is payable on a
setiap triwulan (Pada tahun 2022, quarterly basis (the Company has
Perusahaan telah melunasi Obligasi repaid the Bonds in 2022).
tersebut).
b. Obligasi Seri B sebesar Rp79.700 b. Series B Bonds amounting to
pada tanggal 7 September 2021 dan Rp79,700 on September 7, 2021 and
jatuh tempo 7 September 2023 matures on September 7, 2023 with
dengan tingkat bunga tetap sebesar fixed interest rate 8.00% per annum
8,00% per tahun yang terhutang which is payable on a quarterly basis
setiap triwulan (Pada tahun 2023, (the Company has repaid the Bonds
Perusahaan telah melunasi Obligasi in 2023).
tersebut).
c. Obligasi Seri C sebesar Rp119.000 c. Series C Bonds amounting to
pada tanggal 7 September 2021 dan Rp119,000 on September 7, 2021
jatuh tempo 7 September 2024 and matures on September 7, 2024
dengan tingkat bunga tetap sebesar with fixed interest rate 8.75% per
8,75% per tahun yang terhutang annum which is payable on a
setiap triwulan (Pada tahun 2024, quaarterly basis (the Company has
Perusahaan telah melunasi Obligasi repaid the Bonds in 2024).
tersebut).
- 18 -
Page 390
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Berdasarkan surat PT Kredit Rating Based on the letter of PT Kredit Rating
Indonesia No. RC-006/KRI-DIR/VI/2021 Indonesia No. RC-006/KRI-DIR/VI/2021
tanggal 2 Juni 2021, Obligasi dated June 2, 2021, the Company’s Sinar
Berkelanjutan II Sinar Mas Multiartha Mas Multiartha Continuing Bonds II Year
Tahun 2021 Perusahaan memperoleh 2021 is rated irAA (Double A).
peringkat irAA (Double A).
Pada tanggal 2 Agustus 2022, sesuai On August 2, 2022, according to Deed
dengan Akta No. 3 dari Aulia Taufani, No. 3 of Aulia Taufani, S.H., notary in
S.H., notaris di Jakarta, Perusahaan Jakarta, the Company issued Sinar Mas
menerbitkan Obligasi Berkelanjutan II Multiartha Continuing Bonds II Phase II
Sinar Mas Multiartha Tahap II Tahun Year 2022.
2022.
Penarikan Tahap II Tahun 2022 sebesar The Phase II Year 2022 withdrawal
Rp1.849.581 yang diterbitkan dalam 4 seri amounting to Rp1,849,581 is issued in 4
dengan ketentuan sebagai berikut: series with the following conditions:
a. Obligasi Seri A sebesar Rp429.350 a. Series A Bonds amounting to
pada tanggal 26 Agustus 2022 dan Rp429,350 on August 26, 2022 and
jatuh tempo 6 September 2023 matured on September 6, 2023 with a
dengan tingkat bunga tetap sebesar fixed interest rate of 6.75% per
6,75% per tahun yang terhutang annum which is payable on a
setiap triwulan (Pada tahun 2023, quarterly basis (the Company has
Perusahaan telah melunasi Obligasi repaid the Bonds in 2023).
tersebut).
b. Obligasi Seri B sebesar Rp13.100 b. Series B Bonds amounting to
pada tanggal 26 Agustus 2022 dan Rp13,100 on August 26, 2022 and
jatuh tempo 26 Agustus 2024 dengan mature on August 26, 2024 with a
tingkat bunga tetap sebesar 8,00% fixed interest rate of 8.00% per
per tahun yang terhutang setiap annum which is payable on a
triwulan (Pada tahun 2024, quarterly basis (the Company has
Perusahaan telah melunasi Obligasi repaid the Bonds in 2024).
tersebut).
c. Obligasi Seri C sebesar Rp305.131 c. Series C Bonds amounting to
pada tanggal 26 Agustus 2022 dan Rp305,131 on August 26, 2022 and
jatuh tempo 26 Agustus 2025 dengan mature on August 26, 2025 with a
tingkat bunga tetap sebesar 9,00% fixed interest rate of 9.00% per
per tahun yang terhutang setiap annum which is payable on a
triwulan. quarterly basis.
d. Obligasi Seri D sebesar Rp1.102.000 d. Series D Bonds amounting to
pada tanggal 26 Agustus 2022 dan Rp1,102,000 on August 26, 2022 and
jatuh tempo 26 Agustus 2027 dengan mature on August 26, 2027 with a
tingkat bunga tetap sebesar 9,75% fixed interest rate of 9.75% per
per tahun yang terhutang setiap annum which is payable on a
triwulan. quarterly basis.
Berdasarkan surat PT Kredit Rating Indonesia Based on PT Kredit Rating Indonesia's letter
No. RTG-001/KRI-DIR/VII/2022 tanggal 14 Juli No. RTG-001/KRI-DIR/VII/2022 dated July 14,
2022 yang juga merupakan bagian dari surat 2022 which is also part of letter No. RC-
No. RC-004/KRI-DIR/VI/2022 tanggal 24 Juni 004/KRI-DIR/VI/2022 dated June 24, 2022, the
2022, Obligasi Berkelanjutan II Sinar Mas Company's Sinar Mas Multiartha Continuing
Multiartha Tahun 2022 Perusahaan Bonds II Year 2022 received an irAA (Double
memperoleh peringkat irAA (Double A). A) rating.
- 19 -
Page 391
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Pada tanggal 16 September 2022, sesuai On September 16, 2022, according to Deed
dengan Akta No. 29 dari Aulia Taufani, S.H., No. 29 of Aulia Taufani, S.H., notary in
notaris di Jakarta, Perusahaan menerbitkan Jakarta, the Company issued Sinar Mas
Obligasi Berkelanjutan II Sinar Mas Multiartha Multiartha Continuing Bonds II Phase III Year
Tahap III Tahun 2022. 2022.
Penarikan Tahap III Tahun 2022 sebesar The Phase III Year 2022 withdrawal amounting
Rp1.660.000 yang diterbitkan dalam 2 seri to Rp1,660,000 is issued in 2 series with the
dengan ketentuan sebagai berikut: following conditions:
a. Obligasi Seri A sebesar Rp580.000 pada a. Series A Bonds amounting to Rp580,000
tanggal 4 Oktober 2022 dan jatuh tempo 4 on October 4, 2022 and mature on
Oktober 2027 dengan tingkat bunga tetap October 4, 2027 with a fixed interest rate
sebesar 9,75% per tahun yang terhutang of 9.75% per annum which is payable on
setiap triwulan. a quarter basis.
b. Obligasi Seri B sebesar Rp1.080.000 b. Series B Bonds amounting to
pada tanggal 4 Oktober 2022 dan jatuh Rp1,080,000 on October 4, 2022 and
tempo 4 Oktober 2032 dengan tingkat mature on October 4, 2032 with a fixed
bunga tetap sebesar 10,50% per tahun interest rate of 10.50% per annum which
yang terhutang setiap triwulan. is payable on a quarter basis.
Berdasarkan surat PT Kredit Rating Indonesia Based on PT Kredit Rating Indonesia's letter
No. RTG-001/KRI-DIR/IX/2022 tanggal No. RTG-001/KRI-DIR/IX/2022 dated
8 September 2022 yang juga merupakan September 8, 2022 which is also part of letter
bagian dari surat No. RC-004/KRI-DIR/VI/2022 No. RC-004/KRI-DIR/VI/2022 dated
tanggal 24 Juni 2022, Obligasi Berkelanjutan II June 24, 2022, Sinar Mas Multiartha
Sinar Mas Multiartha Tahun 2021 Perusahaan Continuing Bonds II Year 2021 received an
memperoleh peringkat irAA (Double A). irAA (Double A) rating.
Pada tanggal 15 Februari 2023, sesuai dengan On February 15, 2023, according to Deed No.
Akta No. 29 dari Aulia Taufani, S.H., notaris di 29 of Aulia Taufani, S.H., notary in Jakarta, the
Jakarta, Perusahaan menerbitkan Obligasi Company issued Sinar Mas Multiartha
Berkelanjutan II Sinar Mas Multiartha Tahap IV Continuing Bonds II Phase IV Year 2023.
Tahun 2023.
Penarikan Tahap IV Tahun 2023 sebesar The Phase IV Year 2023 withdrawal
Rp784.719 yang diterbitkan pada tanggal amounting to Rp784,719 which was issued on
7 Maret 2023 dan jatuh tempo 7 Maret 2033 March 7, 2023 and mature on March 7, 2033
dengan tingkat bunga tetap sebesar 10,50% with a fixed interest rate of 10.50% per annum
per tahun yang terhutang setiap triwulan. which is payable on a quarter basis.
Berdasarkan surat PT Kredit Rating Indonesia Based on PT Kredit Rating Indonesia's letter
No. RTG-001/KRI-DIR/I/2023 tanggal No. RTG-001/KRI-DIR/I/2023 dated
25 Januari 2023 yang juga merupakan bagian January 25, 2023 which is also part of letter
dari surat No. RC-004/KRI-DIR/VI/2022 No. RC-004/KRI-DIR/VI/2022 dated June 24,
tanggal 24 Juni 2022, Obligasi Berkelanjutan II 2022, the Company's Sinar Mas Multiartha
Sinar Mas Multiartha Tahun 2021 Perusahaan Continuing Bonds II Year 2021 received an
memperoleh peringkat irAA (Double A). irAA (Double A) rating.
Pada tanggal 26 Maret 2024, sesuai dengan On March 26, 2024, according to Deed No. 39
Akta No. 39 dari Aulia Taufani, S.H., notaris di of Aulia Taufani, S.H., notary in Jakarta, the
Jakarta, Perusahaan menerbitkan Obligasi Company issued Sinar Mas Multiartha
Berkelanjutan III Sinar Mas Multiartha Tahap I Continuing Bonds III Phase I Year 2024.
Tahun 2024.
Penarikan Tahap I Tahun 2024 sebesar The Phasea. I Year 2024 withdrawal amounting
Rp1.500.000 yang diterbitkan pada tanggal to Rp1,500,000 which was issued on April 5,
5 April 2024 dan jatuh tempo 5 April 2029 2024 and mature on April 5, 2029 with a fixed
dengan tingkat bunga tetap sebesar 10,00% interest rate of 10.00% per annum which is
per tahun yang terhutang setiap triwulan. payable on a quarter basis.
- 20 -
Page 392
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Berdasarkan Surat PT Kredit Rating Indonesia Based on PT Kredit Rating Indonesia's letter
No. RC-001/KRI-DIR/I/2024 tanggal 2 Januari No. RC-001/KRI-DIR/I/2024 dated January 2,
2024, Obligasi Berkelanjutan III Sinar Mas 2024, the Company's Sinar Mas Multiartha
Multiartha Tahap I Tahun 2024 Perusahaan Continuing Bonds III Year 2024 received an
memperoleh peringkat irAA (Double A). irAA (Double A) rating.
Penarikan Tahap II Tahun 2024 sebesar The Phase II Year 2024 withdrawal amounting
Rp800.000 yang diterbitkan dalam 3 seri to Rp800,000 is issued in 3 series with the
dengan ketentuan sebagai berikut: following conditions:
a. Obligasi Seri A sebesar Rp100.000 pada a. Series A Bonds amounting to Rp100,000
tanggal 17 Januari 2025 dan jatuh tempo on January 17, 2025 and due on January
27 Januari 2026 dengan tingkat bunga 27, 2026 with a fixed interest rate of
tetap sebesar 7,00% per tahun yang 7.00% per annum which is payable on a
terhutang setiap triwulan (Pada tahun quarterly basis (the Company has repaid
2026, Perusahaan telah melunasi Obligasi the Bonds in 2026).
tersebut).
b. Obligasi Seri B sebesar Rp500.000 pada b. Series B Bonds amounting to Rp500,000
tanggal 17 Januari 2025 dan jatuh tempo on January 17, 2025 and due on January
17 Januari 2028 dengan tingkat bunga 17, 2028 with a fixed interest rate of
tetap sebesar 8,25% per tahun yang 8.25% per annum which is payable on a
terhutang setiap triwulan. quarterly basis.
c. Obligasi Seri C sebesar Rp200.000 pada c. Obligasi Seri C sebesar Rp200.000 pada
tanggal 17 Januari 2025 dan jatuh tempo tanggal January 17, 2025 dan jatuh tempo
17 Januari 2030 dengan tingkat bunga January 17, 2030 dengan tingkat bunga
tetap sebesar 9,00% per tahun yang tetap sebesar 9.00% per tahun yang
terhutang setiap triwulan. terhutang setiap triwulan.
Berdasarkan surat PT Kredit Rating Indonesia Based on PT Kredit Rating Indonesia's letter
No. RTG-001/KRI-DIR/XII/2024 tanggal No. RTG-001/KRI-DIR/XII/2024 dated
16 Desember 2024 yang juga merupakan December 16, 2024 which is also part of letter
bagian dari surat No. RC-004/KRI- No. RC-004/KRI-DIR/XII/2024 dated
DIR/XII/2024 tanggal 16 Desember 2024, December 16, 2024, the Company's Sinar Mas
Obligasi Berkelanjutan III Sinar Mas Multiartha Multiartha Continuing Bonds III Phase II Year
Tahap II Tahun 2024 Perusahaan 2024 received an irAA (Double A) rating.
memperoleh peringkat irAA (Double A).
Pada tanggal 31 Juli 2025, sesuai dengan On 31 July 2025, based on Deed No. 42 of
Akta No. 42 dari Aulia Taufani, S.H., notaris di Aulia Taufani, S.H., a notary in Jakarta, the
Jakarta, Perusahaan menerbitkan Obligasi Company issued Sinar Mas Multiartha
Berkelanjutan III Sinar Mas Multiartha Tahap Continuous Bonds III Phase III Year 2025.
III Tahun 2025
Penarikan Tahap III pada tahun 2025 sebesar The Phase III drawdown in 2025 amounting to
Rp300.000 diterbitkan pada tanggal 21 Rp300,000 was issued on August 21, 2025
Agustus 2025 dan akan jatuh tempo pada and will mature on August 21, 2030, bearing a
tanggal 21 Agustus 2030, dengan tingkat fixed interest rate of 8.50% per annum,
bunga tetap sebesar 8,50% per tahun yang payable quarterly.
dibayarkan setiap triwulan.
Berdasarkan surat PT Kredit Rating Indonesia No. RTG-002/KRI-DIR/VI/2025 dated June 24,
No. RTG-002/KRI-DIR/VI/2025 tanggal 24 Juni 2025, the Company's Sinar Mas Multiartha
2025, Obligasi Berkelanjutan III Sinar Mas Continuing Bonds III Phase III Year 2025
Multiartha Tahap III Tahun 2025 Perusahaan received an irAA (Double A) rating.
memperoleh peringkat irAA (Double A).
- 21 -
Page 393
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Penarikan Tahap IV Tahun 2025 sebesar The Phase IV Year 2025 withdrawal amounting
Rp1.050.000 yang diterbitkan pada tanggal to Rp1,050,000 which was issued on October
23 Oktober 2025 dan jatuh tempo 23 Oktober 23, 2025 and mature on October 23, 2030 with
2030 dengan tingkat bunga tetap sebesar a fixed interest rate of 8.00% per annum which
8,00% per tahun yang terhutang setiap is payable on a quarter basis.
triwulan.
Berdasarkan surat PT Kredit Rating Indonesia Based on PT Kredit Rating Indonesia's letter
No. RTG-001/KRI-DIR/IX/2025 tanggal No. RTG-001/KRI-DIR/IX/2025 dated
16 September 2025 yang juga merupakan September 16, 2025 which is also part of letter
bagian dari surat No. RC-004/KRI- No. RC-004/KRI-DIR/XII/2024 dated
DIR/XII/2024 tanggal 16 Desember 2024, December 16, 2024, the Company's Sinar Mas
Obligasi Berkelanjutan III Sinar Mas Multiartha Multiartha Continuing Bonds III Year 2025
Tahun 2025 Perusahaan memperoleh received an irAA (Double A) rating.
peringkat irAA (Double A).
Seluruh obligasi Perusahaan dijual pada nilai All of the Company's bonds are sold at nominal
nominal dan tercatat di Bursa Efek Indonesia. value and are listed on the Indonesia Stock
Dana yang diperoleh dari utang obligasi Exchange. Funds obtained from the
Perusahaan digunakan untuk modal kerja Company's bonds issued are used for working
Perusahaan dan entitas anak, dan capital of the Company and its subsidiaries,
peningkatan pernyertaan saham pada entitas and for increasing equity participation in
anak. Perusahaan tidak menyelenggarakan subsidiaries. The Company does not maintain
pencadangan dana untuk seluruh utang a reserve fund for all of the Company's bonds
obligasi Perusahaan. Seluruh utang obligasi issued. All of the Company's bonds issued are
Perusahaan tidak dijamin. unsecured.
c. Entitas Anak yang Dikonsolidasikan c. Consolidated Subsidiaries
Berikut ini adalah entitas anak yang The following is a list of subsidiary entities
dikonsolidasikan beserta persentase consolidated along with the Company’s
kepemilikan Perusahaan pada tanggal ownership percentage as at December 31,
31 Desember 2025 dan 2024: 2025 and 2024:
Tahun Persentase Kepemilikan
Operasi dan Hak Suara/ Jumlah Aset
Pendirian/ Percentage of Ownership (Sebelum Eliminasi)/
Year of and Voting Rights Total Asset (Before Elimination)
Domisili/ Jenis Usaha/ Operation
Domicile Nature of Business Establishment 2025 2024 2025 2024
Kepemilikan Langsung/
Direct ownership
PT Bank Sinarmas Tbk
(BS) Jakarta Bank/Banks 1989 59,99% 59,99% 57.303.096 55.624.433
PT Bank Nano Syariah
(BNS) Jakarta Bank/Banks 2024 25,00% 25,00% 9.793.611 9.692.526
PT Asuransi Sinar Mas
(ASM) Jakarta Asuransi kerugian/
Loss Insurance 1986 99,99% 99,99% 20.359.830 18.208.538
PT Sinar Mas Multifinance Pembiayaan/
(SMF) Jakarta Multifinance 1996 99,99% 99,99% 4.743.511 5.040.703
PT Sinarmas Sekuritas
(SMS) Jakarta Sekuritas/Securities 1992 99,99% 99,99% 2.149.395 2.111.138
PT AB Sinar Mas
Multifinance Pembiayaan/
(ABSM) Jakarta Multifinance 1995 99,99% 99,99% 923.007 1.171.702
PT Pasar Dana Pinjaman Layanan pinjam
(PDP) Jakarta meminjam uang
berbasis teknologi/
Technology based of
lending and
borrowing services 2017 99,99% 99,99% 690.293 691.292
PT Shinta Utama (SU) Jakarta Perdagangan umum/
General trading 1991 99,89% 99,89% 2.939.687 3.012.936
PT Jakarta Teknologi
Utama (JTU) Jakarta Bengkel/Workshop 1999 99,99% 99,99% 688.922 679.116
PT Rizki Lancar Sentosa
(RLS) Jakarta Properti/Property 2001 99,99% 99,99% 1.133.426 1.005.839
PT Sinarmas Ventura
(SMV) Jakarta Modal Ventura/
Venture capital 2019 99,99% 99,99% 52.517 51.117
PT Sinartama Gunita
(STG) Jakarta Biro administrasi efek/
Share register 1992 99,80% 99,80% 308.463 283.541
- 22 -
Page 394
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun Persentase Kepemilikan
Operasi dan Hak Suara/ Jumlah Aset
Pendirian/ Percentage of Ownership (Sebelum Eliminasi)/
Year of and Voting Rights Total Asset (Before Elimination)
Domisili/ Jenis Usaha/ Operation
Domicile Nature of Business Establishment 2025 2024 2025 2024
PT Dana Pinjaman Inklusif Layanan pinjam
(DPI) Jakarta meminjam uang
berbasis teknologi/
Technology based
lending and borrowing
services 2017 50,00% 50,00% 24.708 3.811
PT Arthamas Solusindo
(AMS) Jakarta Jasa informasi/
Information sevices 2000 99,99% 99,99% 1.856.116 1.558.267
Global Asian Investment
Limited (GAI) Hong Kong Investasi/Investment 2012 100,00% 100,00% 1.113 1.113
PT Simas Money Changer Pedagang valuta
(SMC) Jakarta asing/
Money charger 2003 99,90% 99,90% 6.842 6.510
PT Wapindo Jasaartha
(WJA) Jakarta Perdagangan dan jasa/
Trading and service 2000 99,98% 99,98% 12.121 14.022
PT Sinar Artha Konsulindo
(SAK) Jakarta Agen asuransi/
Insurance agency 2000 99,92% 99,92% 1.693 1.596
PT Arthamas Informatika Perdagangan
(AMI)* Jakarta dan jasa/
Trading and service 2000 99,60% 99,60% 847 842
PT Sinar Artha Solusindo
(SAS)* Jakarta Perdagangan dan jasa
Trading and service 2000 99,99% 99,99% 799 795
PT Artha Bina Usaha
(ABU)* Jakarta Perdagangan dan jasa
Trading and service 2008 92,00% 92,00% 147 145
PT Balai Lelang Sinarmas
(BLS)* Jakarta Lelang/Auction 2008 99,99% 99,99% 15.573 13.294
PT Sinar Artha Inforindo
(SAI)* Jakarta Jasa informasi/
Information sevices 2000 99,60% 99,60% 214 215
PT Sinar Artha Trading
(SAT)* Jakarta Perdagangan umum/
General trading 2008 92,00% 92,00% 1.099 1.085
PT Dana Saham Bersama Layanan urun dana
(DSB)* Jakarta berbasis teknologi
informasi/
Technology based
lending and
borrowing service 2019 99,98% 99,98% 1.479 1.919
PT Digital Solusindo Layanan pinjam
Nusantara (DSN)* Jakarta meminjam uang
berbasis teknologi/
Technology based
lending and
borrowing service 2020 99,96% 99,96% 2.518 2.510
PT Pasar Gadai Digital
(PGD) Jakarta Pergadaian/Pawnshop 2022 99,97% 99,97% 3.580 1.539
Kepemilikan Tidak Langsung/
Indirect ownership
PT Bank Sinarmas Tbk (BS)
(melalui/through PT Shinta
Utama, PT Sinar Mas
Multifinance, PT Asuransi
Sinar Mas, PT Jakarta
Teknologi Utama dan
PT Sinartama Gunita) Jakarta Bank/Banks 1989 5,24% 6,46% 57.303.096 55.624.433
PT Bank Nano Syariah
(BNS) (melalui/through
PT Bank Sinarmas Tbk
(BS) dan PT Asuransi
Sinar Mas (ASM) Jakarta Bank/Banks 2024 75,00% 75,00% 9.793.611 9.692.526
PT Asuransi Simas Jiwa
(ASJ) (melalui/through
PT Asuransi Asuransi jiwa/
Sinar Mas) Jakarta Life Insurance 1996 99,99% 99,99% 25.285.202 24.021.114
PT Reasuransi Nusantara
Makmur (melalui/through`
PT Asuransi Reasuransi/
Sinarmas) Jakarta Reinsurance 2017 99,00% 99,00% 6.776.799 3.351.124
PT Sinarmas Asset
Management (SAM)
(melalui/through PT Manajemen aset/
Sinarmas Sekuritas) Jakarta Asset management 2011 99,98% 99,98% 812.618 926.623
PT Asuransi Simas
Insurtech (ASI)
(melalui/through
PT Sinar Mas
Multifinance dan/and Asuransi on-line/
PT Sinartama Gunita) Jakarta On-line insurance 2013 75,38% 75,38% 3.200.270 1.733.065
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun Persentase Kepemilikan
Operasi dan Hak Suara/ Jumlah Aset
Pendirian/ Percentage of Ownership (Sebelum Eliminasi)/
Year of and Voting Rights Total Asset (Before Elimination)
Domisili/ Jenis Usaha/ Operation
Domicile Nature of Business Establishment 2025 2024 2025 2024
PT Sinarmas Futures (SF)
(melalui/through
PT Sinarmas Perdagangan komoditi/
Sekuritas) Jakarta Commodity trading 2004 - 99,87% - 33.360
PT Autopro Utama
Perkasa (AUP)
(melalui PT Jakarta
Teknologi Utama) Jakarta Bengkel/Workhop 2006 99,88% 99,88% 61.883 60.303
Sinar Mas Insurance, S.A.
(SMI) (melalui/through
PT Asuransi Republik
Sinar Mas dan/and Demokrasi Asuransi kerugian/
PT Shinta Utama) Timor Leste Loss insurance 2011 91,42% 91,42% 324.566 272.932
Sinar Mas Life
Insurance, S.A. (SLI)
(melalui/through Sinar
Mas Insurance dan/ Republik
and PT Asuransi Demokrasi Asuransi jiwa/
Simas Jiwa) Timor Leste Life insurance 2021 90,00% 90,00% 106.132
PT Techno Mandiri
Utama (TMU)
(melalui/through
PT Jakarta Perdagangan umum/
Teknologi Utama) Jakarta General trading 2017 100,00% 100,00% 1.380 769
PT Techno Karya
Utama (TKU)
(melalui/through
PT Jakarta Perdagangan umum/
Teknologi Utama) Jakarta General trading 2017 100,00% 100,00% 4.381 4.963
PT Toko Onderdil (TO)
(melalui/through
PT Jakarta Perdagangan umum/
Teknologi Utama) Jakarta General trading 2017 77,20% 77,20% 2.879 3.458
PT Berkat Surya
Mentari (BSM)
(melalui/through
PT Techno Karya
Utama dan/and
PT Auto Utama Perdagangan umum/
Perkasa) Jakarta General trading 2022 100,00% 100,00% 314 1.366
PT Kebayoran Parama
Propertindo (KPP)
(melalui PT Rizki
Lancar Sentosa) Jakarta Properti/Property 2011 - 98,00% - 322.250
PT Citra Grahareksa
Abadi (CGA)
(melalui/through
PT Rizki Lancar
Sentosa) Jakarta Perhutanan/Forestry 1990 75,00% 75,00% 34.957 36.107
PT Penjaminan Ulang
Indonesia (PUI)
(melalui/through
PT Asuransi Simas
Insurtech, PT
Reausansi Nusantara,
PT Sinarmas Penjamin
Kredit) Jakarta Perhutanan/Forestry 1990 100,00% - - -
PT Data Opal Terpadu
(DOT)* (melalui/through Aktivitas pengolahan
PT Arthamas data/Data processing
Solusindo) Jakarta activities 2020 99,92% 99,92% 841.360 845.852
PT Zimba Onix Mustika
(ZOM)* (melalui/through
PT Shinta Utama) Jakarta Properti/Property 2020 99,92% 99,92% 856.236 859.300
PT Sistem Loka Triprima Layanan
(SLT)* (melalui/through Jakarta pinjam meminjam
PT Shinta Utama) berbasis tekologi
Technology basedf
lending and
borrowing service 2020 99,92% 99,92% 694.040 679.747
PT Sinarmas Penjaminan
Kredit (SPK)
(melalui/through Penjamin kredit/
PT Asuransi sinarmas) Jakarta Credit guarantor 2020 100,00% 100,00% 3.134.470 3.448.559
PT Kreasi Retail Nusantara
(KRN) (melalui/through
PT Sinar Artha Perdagangan umum/
Trading) Jakarta General trading 2023 99,60% 99,60% 740 502
*) entitas anak yang belum beroperasi/
*) Subsidiaries not yet operating
- 24 -
Page 396
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Informasi keuangan entitas anak yang dimiliki Financial information of subsidiaries that have
oleh kepentingan non-pengendali dalam material non-controlling interests as at and for
jumlah material pada tanggal dan untuk tahun- the years ended December 31, 2025 and 2024
tahun yang berakhir 31 Desember 2025 dan is as follows:
2024 adalah sebagai berikut:
31 Desember/December 31, 2025
Bagian
Kepentingan
Kepemilikan/ Saldo
Equity Akumulasi/
Interest Held Accumulated Bagian laba/
Name % Balance Share in Profit Name
PT Bank Sinarmas Tbk (BS) 34.77 1.962.236 93.860 PT Bank Sinarmas Tbk (BS)
PT Pasar Dana Pinjaman (DPI) 50.00 1.532 (3.207) PT Pasar Dana Pinjaman (DPI)
31 Desember/December 31, 2024
Bagian
Kepentingan
Kepemilikan/ Saldo
Equity Akumulasi/
Interest Held Accumulated Bagian laba/
Name % Balance Share in Profit Name
PT Bank Sinarmas Tbk (BS) 34.77 1.962.236 93.860 PT Bank Sinarmas Tbk (BS)
PT Pasar Dana Pinjaman (DPI) 50.00 1.532 (3.207) PT Pasar Dana Pinjaman (DPI)
Berikut adalah ringkasan informasi keuangan The summarized financial information of these
dari entitas anak. Jumlah-jumlah tersebut subsidiaries is provided below. This
sebelum dieliminasi dengan transaksi antar information is based on amounts before inter-
entitas dalam Grup. company eliminations in the group.
Ringkasan laporan posisi keuangan pada Summarized statements of financial position
tanggal 31 Desember 2025 dan 2024: as at December 31, 2025 and 2024:
2025 2024
BS DPI BS DPI
Jumlah aset 58.244.487 23.745 55.624.433 3.166 Total Assets
Jumlah liabilitas dan Total Liabilities and
dana syirkah temporary
temporer 48.961.892 9.884 47.024.811 727 syirkah funds
Jumlah Ekuitas 9.282.595 13.861 8.599.622 2.439 Total Equity
Ringkasan informasi laporan rugi laba dan Summarized statements of profit or loss and
penghasilan komprehensif lain untuk tahun other comprehensive income for the year
31 Desember 2025 dan 2024: December 31, 2025 and 2024:
2025 2024
BS DPI BS DPI
Pendapatan 3.706.652 7.028 3.575.156 1.390 Revenues
Laba (rugi) sebelum
pajak 519.729 (1.295) 438.816 (6.460) Profit before tax
Jumlah penghasilan
(rugi) Total comprehensive income
komprehensif 682.973 (1.312) 284.964 (6.432) (loss)
Teratributasi pada
kepentingan Attributable to non-controlling
non pengendali 92.743 (635) 93.860 (3.207) interest
Ringkasan informasi arus kas untuk tahun- Summarized cash flow information for the
tahun yang berakhir 31 Desember 2025 dan years ended December 31, 2025 and 2024:
2024:
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2025 2024
BS DPI BS DPI
Operasi (562.560) 5.706 1.165.114 (5.333) Operating
Investasi (172.091) (378) (152.118) 5.144 Investing
Pendanaan 6.851 12.734 372.097 - Financing
Kenaikan
(penurunan) Net increase (decrease)
bersih kas dan in cash and cash
setara kas (727.800) 18.062 1.385.093 (189) equivalents
PT Pasar Dana Pinjaman (PDP) PT Pasar Dana Pinjaman (PDP)
PDP telah memperoleh ijin dari Otoritas Jasa PDP obtained an approval from Financial
Keuangan untuk menjalankan usaha layanan Services Authority to engage in information
pinjam meminjam uang berbasis teknologi technology based of lending and borrowing
informasi melalui Surat OJK No. service based on Decision Letter of OJK No.
KEP-49/D.05/2017 tanggal 6 Juli 2017. KEP-49/D.05/2017 dated July 6, 2017.
Pada tanggal 29 Agustus 2023, Perusahaan On August 29, 2023, the Company increased
menambah setoran modal pada PDP sebesar its investment in PDP amounting to
Rp705.250, yang meningkatkan persentase Rp705,250, thus increased its ownership
kepemilikan Perusahaan pada PDP dari interest in PDP from 66.66% to 99.99%.
66,66% menjadi 99,99%.
PT Jakarta Teknologi Utama (JTU) PT Jakarta Teknologi Utama (JTU)
Pada 31 Desember 2025, setoran modal As of December 31, 2025, the company's
Perusahaan pada JTU sebesar Rp562.096 investmebt to JTU amounting to IDR 562,096
dengan kepemilikan Perusahaan pada JTU with the Company's ownership in JTU being
adalah 99,99%. 99.99%.
PT Autopro Utama Perkasa (AUP) PT Autopro Utama Perkasa (AUP)
PT Autopro Utama Perkasa berkedudukan di PT Autopro Utama Perkasa is domiciled in
Sidoarjo dengan menjalankan usaha jasa Sidoarjo,running a workshop service business.
perbengkelan. Modal saham ditempatkan oleh the authorized share capital has been place by
para pendiri yaitu JTU sebesar Rp64.999 dan the founders, namely PT Jakarta Teknologi
PT Shinta Utama sebesar Rp1. Utama amounting to Rp64,999 by and
PT Shinta Utama amounting to Rp1.
PT Techno Mandiri Utama (TMU) PT Techno Mandiri Utama (TMU)
PT Techno Mandiri Utama berkedudukan di PT Techno Mandiri Utama, domiciled in South
Tangerang Selatan yang bergerak di bidang Tangerang, operates in the fields of trade,
perdagangan, industry, pembangunan, industry, development, land transportation,
transportasi darat, pertanian, percetakan dan agriculture, printing and workshops, with the
perbengkelan, memiliki modal dasar perseroan company's authorized capital amounting to
berjumlah Rp2.000. JTU memiliki persentase Rp2,000. JTU has an ownership percentage of
kepemilikan sebesar 99% berjumlah Rp1.980 99% amounting to Rp1,980 and AUP 1%
dan AUP sebesar 1% berjumlah Rp20. amounting to Rp20.
PT Techno Karya Utama (TKU) PT Techno Karya Utama (TKU)
PT Techno Karya Utama berkedudukan di PT Techno Karya Utama was domiciled in
Jakarta Timur yang bergerak di bidang East Jakarta which operates in the fields of
perdagangan, industry, pembangunan, trade, industry, development, land
transportasi darat, pertanian, percetakan dan transportation, agriculture, printing and
perbengkelan. memiliki modal dasar perseroan workshops. has authorized company capital of
berjumlah Rp1.000. JTU sebesar memiliki Rp1,000. JTU has an ownership percentage of
persentase kepemilikan sebesar 99% 99% amounting to Rp990 and AUP 1%
berjumlah Rp990 dan AUP sebesar 1% amounting to Rp10.
berjumlah Rp10.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
PT Bank Sinarmas Tbk (BS) PT Bank Sinarmas Tbk (BS)
BS telah memperoleh izin dari Menteri BS has obtained permission from the Minister
Keuangan Republik Indonesia untuk of Finance of the Republic of Indonesia to
menjalankan usaha di bidang perbankan engage in general banking business in his
melalui Surat Keputusan No. KEP-156/ Decision Letter No. KEP-156/KMK.013/1990
KMK.013/1990 tanggal 16 Februari 1990. dated February 16, 1990. Pursuant to Bank
Sesuai dengan Surat Keputusan Bank Indonesia’s Decree No. 27/156/KEP/DIR dated
Indonesia No. 27/156/KEP/DIR tanggal March 22, 1995, BS was authorized to operate
22 Maret 1995, BS memperoleh peningkatan as a Foreign Exchange Bank. BS obtained an
status menjadi Bank Devisa. BS telah approval from the Bank Indonesia to open a
memperoleh izin usaha unit usaha syariah dari branch which was based on Sharia principles
Bank Indonesia berdasarkan Surat Keputusan on Deputy Governor of Bank Indonesia
Deputi Gubernur Bank Indonesia Decision letter No. 11/13/KEP.DpG/2009 dated
No. 11/13/KEP.DpG/2009 tanggal 27 Oktober October 27, 2009.
2009.
Pada tanggal 29 November 2010, BS On November 29, 2010, BS obtained an
mendapat pernyataan efektif dari Ketua Effective Statement from the Chairman of
Bapepam dan LK (sekarang OJK) melalui Bapepam - LK (currently OJK) in his letter
Surat Keputusan No. S-10683/BL/2010 atas No. S-10683/BL/2010 of its initial public
penawaran umum perdana saham dan telah offering of shares and being a publicly listed
menjadi Perusahaan terbuka. Company.
Pada 31 Desember 2025, persentase As of December 31, 2025, the Company's
kepemilikan Perusahaan adalah 59,99% dan ownership percentage became 59.99% and
kepemilikan SU adalah 2,54%. SU's ownership became 2.54%.
PT Asuransi Simas Jiwa (ASJ) PT Asuransi Simas Jiwa (ASJ)
ASJ telah memperoleh ijin usaha dari Menteri ASJ has obtained permission from the Minister
Keuangan Republik Indonesia untuk of Finance of the Republic of Indonesia to
menjalankan usaha asuransi berdasarkan engage in life insurance business based on its
Surat Keputusan Menteri Keuangan No. Decision Letter No. 602/KMK.17/1995 dated
602/KMK.17/1995 tanggal 18 Desember 1995. December 18, 1995.
PT Asuransi Sinar Mas (ASM) PT Asuransi Sinar Mas (ASM)
ASM telah memperoleh izin dari Menteri ASM has obtained permission from the
Keuangan Republik Indonesia melalui Minister of Finance of the Republic of
Direktorat Jenderal Moneter Dalam Negeri Indonesia through the Directorate General of
untuk menyelenggarakan usaha asuransi Domestic Monetary Affairs to engage in loss
kerugian berdasarkan Surat Keputusan No. insurance under Decree No KEP-
KEP-2562/MD/1986 tanggal 21 April 1986. 2562/MD/1986 dated April 21, 1986. ASM has
ASM telah memperoleh izin dari Menteri obtained permission from the Minister of
Keuangan Republik Indonesia untuk membuka Finance of the Republic of Indonesia to open a
cabang dengan prinsip syariah berdasarkan branch which was based on Sharia
Surat Keputusan Menteri Keuangan principles in his Decision Letter
No. 253/KM.6/2004 tanggal 25 Juni 2004. No. 253/KM.6/2004 dated June 25, 2004.
Pada tahun 2024 dan 2023, ASM telah In 2024 and 2023, ASM distributed dividends
membagikan kas dividen masing-masing to shareholders based on ownership interest
sebesar Rpnihil dan Rp49.950 kepada para amounting to Rpnil and Rp49,950,
pemegang saham sesuai dengan persentase respectively.
kepemilikan.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
PT Sinar Mas Multifinance (SMF) PT Sinar Mas Multifinance (SMF)
SMF telah memperoleh izin dari Menteri SMF has obtained permission from the
Keuangan Republik Indonesia untuk Minister of Finance of the Republic of
menjalankan usaha di bidang sewa Indonesia to engage in finance leasing,
pembiayaan, anjak piutang dan pembiayaan factoring and consumer financing in his
konsumen berdasarkan Surat Keputusan Decision Letter No. 441/KMK.017/1996 dated
No. 441/KMK.017/1996 tanggal 21 Juni 1996. June 21, 1996.
PT Asuransi Simas Insurtech (ASI) PT Asuransi Simas Insurtech (ASI)
Berdasarkan Akta Pernyataan Keputusan Para Based on the Deed of the Extraordinary
Pemegang Saham Luar Biasa No. 12 tanggal Stockholders Decision statement No. 12 dated
22 November 2018 dari Syofilawati, S.H., November 22, 2018 of Syofilawati, S.H., a
notaris di Kota Bekasi, menyetujui perubahan public notary in Bekasi, approving the name
nama PT Asuransi Simas Net (ASN) menjadi change from PT Asuransi Simas Net (ASN) to
PT Asuransi Simas Insurtech (ASI). PT Asuransi Simas Insurtech (ASI).
PT AB Sinar Mas Multifinance (ABSM) PT AB Sinar Mas Multifinance (ABSM)
ABSM telah memperoleh izin dari Menteri ABSM has obtained permission from the
Keuangan Republik Indonesia untuk Minister of Finance of the Republic of
menjalankan usaha di bidang sewa Indonesia to engage in finance leasing,
pembiayaan, anjak piutang dan pembiayaan factoring and consumer financing in his
konsumen berdasarkan Surat Keputusan No. Decision Letter No. 525/KMK.017/1995 dated
525/KMK.017/1995 tanggal 17 November November 17, 1995.
1995.
PT Sinarmas Sekuritas (SMS) PT Sinarmas Sekuritas (SMS)
SMS telah memperoleh izin dari Badan SMS has obtained permission from the Capital
Pengawas Pasar Modal dan Lembaga Market Supervisory (Bapepam – LK or OJK) to
Keuangan (Bapepam dan LK atau OJK) engage in stock brokerage, stock underwriting
sebagai penjamin emisi efek, perantara and as an investment manager in its Decision
pedagang efek dan manajer investasi, masing- Letter No. Kep-82/PM/1992 dated Februari 29,
masing melalui Surat Keputusan Bapepam No. 1992, No. Kep-83/PM/1992 dated Februari 29,
Kep-82/PM/1992 tanggal 29 Februari 1992, 1992 and No. Kep-02/PM/MI/2000 dated
No. Kep-83/PM/1992 tanggal 29 Februari 1992 May 15, 2000, respectively.
dan No. Kep-02/PM/MI/2000 tanggal 15 Mei
2000.
PT Sinarmas Futures (SF) PT Sinarmas Futures (SF)
SF telah memperoleh izin usaha untuk SF has obtained permission from Commodity
menyelenggarakan kegiatan sebagai pialang Futures Trading Supervisory Agency to
berjangka dari Badan Pengawas Perdagangan engage in business activity as Futures broker
Berjangka Komoditi melalui surat in its Decision Letter No. 889/BAPPEBTI/
No. 889/BAPPEBTI/SI/3/2006 tanggal SI/3/2006 dated March 27, 2006.
27 Maret 2006.
Pada Mei 2024, SMS menjual SF kepada In May 2024, SMS sold SF to PT Sentosa
PT Sentosa Cipta Selaras sebanyak 59.925 Cipta Selaras in the amount of 59,925 shares
lembar saham dengan nilai nominal Rp29.963, with a nominal value of Rp29,963, while SU
sementara SU menjual 75 lembar saham sold 75 shares to PT Swadaya Insan Pratama
kepada PT Swadaya Insan Pratama dengan with a nominal value of Rp38. The legal
nilai nominal Rp38. Proses administrasi hukum administrative process was completed on
diselesaikan pada 31 Januari 2025 January 31, 2025, as stated in Deed No. 23.
berdasarkan Akta No. 23.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
PT Sinarmas Asset Management (SAM) PT Sinarmas Asset Management (SAM)
SAM telah memperoleh ijin usaha untuk SAM has obtained permission from Capital
melakukan kegiatan usaha sebagai manajer Market Supervisory Agency (Bapepam - LK or
investasi dari Badan Pengawas Pasar Modal OJK) engage as investment manager in its
dan Lembaga Keuangan (Bapepam dan LK Decision Letter No. KEP-03/BL/MI/2012 dated
atau sekarang OJK) melalui surat No. April 9, 2012.
KEP-03/BL/MI/2012 tanggal 9 April 2012.
PT Sinartama Gunita (STG) PT Sinartama Gunita (STG)
STG telah memperoleh izin untuk melakukan STG has obtained permission from Capital
kegiatan sebagai Biro Administrasi Efek dari Market Supervisory Agency (Bapepam - LK or
Badan Pengawas Pasar Modal dan Lembaga OJK) to engage in business activities shares
Keuangan (Bapepam dan LK atau sekarang registart in its Decision Letter No.
OJK) melalui surat No. Kep-82/PM/1991 Kep-82/PM/1991 dated September 30, 1991.
tanggal 30 September 1991.
Pada tahun 2025, Perusahaan melakukan In 2025, the Company converted a
konversi pinjaman subordinasi dan menambah subordinated loan and made an additional
setoran modal pada STG masing-masing capital injection into STG amounting to
sebesar Rp340.000 dan Rp25.055 sehingga Rp340,000 and Rp25,055, respectively,
presentase kepemilikan Perusahaan pada resulting in the Company’s ownership interest
STG sebesar 99,99%. in STG reaching 99.99%.
PT Arthamas Solusindo (AMS) PT Arthamas Solusindo (AMS)
AMS berkedudukan di Jakarta merupakan AMS is domiciled in Jakarta which is engaged
perusahaan yang bergerak di bidang Jasa in information services.
informasi.
Pada tahun 2025, Perusahaan melakukan In 2025, the Company converted a
konversi pinjaman subordinasi pada AMS subordinated loan to AMS amounting to
sebesar Rp880.000 sehingga presentase Rp880,000, resulting in the Company’s
kepemilikan Perusahaan pada AMS sebesar ownership interest in AMS increasing to
99,99%. 99.99%.
PT Sinar Mas Ventura (SMV) PT Sinar Mas Ventura (SMV)
SMV telah memperoleh izin untuk melakukan SMV has obtained permission from OJK to
kegiatan usaha modal ventura dari OJK engage in venture capital business activities
melalui Surat No. Kep-3/D.05/2019 tanggal based on Decision Letter No. Kep-3/D.05/2019
9 Januari 2019. dated on January 9, 2019.
Pada tahun 2024, Perusahaan menambah In 2024, the Company increased its investment
setoran modal pada SMV sebesar Rp20.000 in SMV amounting to Rp20,000, thus
sehingga meningkatkan persentase increased its ownership interest in SMV is
kepemilikan Perusahaan pada SMV meningkat 99.99%.
menjadi 99,99%.
PT Shinta Utama (SU) PT Shinta Utama (SU)
Pada tahun 2025, Perusahaan melakukan In 2025, the Company converted a
konversi pinjaman subordinasi pada SU subordinated loan to SU amounting to
sebesar Rp1.320.000 sehingga presentase Rp1,320,000, resulting in the Company’s
kepemilikan Perusahaan pada SU sebesar ownership interest in SU increasing to 99.98%.
99,98%.
PT Sinar Artha Trading (SAT) PT Sinar Artha Trading (SAT)
Pada bulan Februari 2020, Perusahaan In February 2020, the Company increased its
menambah setoran modal pada SAT sebesar investment in SAT amounting to Rp988, thus
Rp988 sehingga meningkatkan persentase increased its ownership interest in SAT from
kepemilikan Perusahaan pada SAT dari 92.00% to 99.99%.
92,00% menjadi 99,99%.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
PT Rizki Lancar Sentosa (RLS) PT Rizki Lancar Sentosa (RLS)
Pada tanggal 25 Juli 2023, Perusahaan On July 25, 2023, the Company increased its
menambah setoran modal pada RLS sebesar investment in RLS amounting to Rp8,000, thus
Rp8.000 sehingga persentase kepemilikan increased its ownership interest in RLS to
Perusahaan pada RLS menjadi 99,99%. 99.99%.
Pada tanggal 25 Juli 2023, Perusahaan On July 25, 2023, the Company increased its
menambah setoran modal pada RLS sebesar investment in RLS amounting to Rp8,000, thus
Rp8.000 sehingga persentase kepemilikan increased its ownership interest in RLS to
Perusahaan pada RLS menjadi 99,99%. 99.99%.
Pada tanggal 15 Agustus 2025, Perusahaan On August 15, 2025, the Company increased
menambah setoran modal pada RLS melalui its capital contribution to RLS through a debt
konversi utang sebesar Rp 340.000 dan conversion amounting to Rp340,000 and an
manambah Setoran tunai sebesar Rp25.055 additional cash contribution of Rp25,055 as
sebagai tambahan modal disetor. additional paid-in capital.
PT Dana Saham Bersama (DSB) PT Dana Saham Bersama (DSB)
DSB berkedudukan di Jakarta merupakan DSB is domiciled in Jakarta which is engaged
perusahaan yang bergerak di bidang layanan in information technology-based crowd funding
urun dana berbasis teknologi informasi. services.
PT Digital Solusindo Nusantara (DSN) PT Digital Solusindo Nusantara (DSN)
DSN berkedudukan di Jakarta merupakan DSN is domiciled in Jakarta which is engaged
perusahaan yang bergerak di bidang layanan in technology - based lending and borrowing
pinjam meminjam uang berbasis teknologi. service. On September 23, 2020, the
Pada tanggal 23 September 2020, Company and SU invested in DSN amounting
Perusahaan dan SU melakukan investasi pada to Rp2,499 and Rp1, respectively.
saham DSN masing-masing sebesar Rp2.499
dan Rp1.
PT Pasar Gadai Digital (PGD) PT Pasar Gadai Digital (PGD)
PGD berkedudukan di Jakarta merupakan PGD, domiciled in Jakarta, is a company
perusahaan yang bergerak di gadai. Pada engaged in pawnshop operations. In 2025, the
tahun 2025, Perusahaan menambah setoran Company made an additional capital injection
modal pada PGD sebesar Rp2.000 sehingga into PGD amounting to Rp2,000, resulting in
persentase kepemilikan Perusahaan pada the Company’s ownership interest in PGD
PGD menjadi 99,98%. increasing to 99.98%.
PT Kebayoran Parama Propertindo (KPP) PT Kebayoran Parama Propertindo (KPP)
KPP merupakan perusahaan yang bergerak KPP is a Company operating in the property
dalam bidang properti. sector.
Pada bulan Juli 2019, RLS membeli 308.399 In July 2019, RLS purchased 308,399 new
saham baru yang diterbitkan oleh KPP dengan shares issued by KPP amounting to
nilai pembelian sebesar Rp277.559 atau Rp277,559 with ownership interest of 77.20%.
setara 77,20%. Pemegang saham pendiri KPP Founding shareholders of KPP have rights to
memiliki hak opsi untuk membeli kembali buy back shares of KPP in 1 (one) year since
saham KPP dalam jangka waktu 1 (satu) tahun the date the shares were issued to RLS.
sejak penerbitan saham untuk RLS.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Pada tahun 2020, pemegang saham pendiri In 2020, KPP shareholders did not exercise
KPP tidak melaksanakan opsi untuk membeli the option to buy back KPP shares, thus, KPP
kembali saham KPP, sehingga laporan financial statements are consolidated to RLS.
keuangan KPP dikonsolidasikan ke RLS.
Pada bulan Maret 2022, RLS menambah In March 2022, RLS increased its capital
setoran modal pada KPP sebesar Rp75.237 injection in KPP by Rp75,237, thereby
sehingga meningkatkan persentase increasing RLS' ownership interest percentage
kepemilikan RLS pada KPP dari 77,20% in KPP from 77.20% to 98.12%.
menjadi 98,12%.
Pada April 2025, RLS menjual saham KPP In May 2024, RLS sold 399,466 shares in KPP
kepada PT Starindo Prima Persada sebanyak to PT Starindo Prima Persada with a nominal
399.466 lembar saham dengan nilai nominal value of Rp900,000.
Rp900.000
PT Citra Grahareksa Abadi (CGA) PT Citra Grahareksa Abadi (CGA)
CGA merupakan perusahaan yang bergerak CGA is a company operating in the foresting
dalam bidang perhutanan. sector.
Pada bulan September 2019, RLS membeli In September 2019, RLS purchased 30,000
30.000 saham baru yang diterbitkan oleh CGA new shares which were issued by CGA
dengan nilai pembelian sebesar Rp3.000 atau amounting to Rp3,000 with ownership interest
setara 75%. Pemegang saham pendiri CGA of 75%. Founding shareholders of CGA have
memiliki hak opsi untuk membeli kembali the rights to buy back shares of CGA in 1 (one)
saham CGA dalam jangka waktu 1 (satu) year since the date the shares were issued to
tahun sejak penerbitan saham untuk RLS. RLS.
Pada tahun 2020, pemegang saham pendiri In 2020, CGA shareholders did not exercise
CGA tidak melaksanakan opsi untuk membeli the option to buy back CGA shares, thus, CGA
kembali saham CGA, sehingga laporan financial statements are consolidated to RLS.
keuangan CGA dikonsolidasikan ke RLS.
PT Balai Lelang Sinarmas (BLS) PT Balai Lelang Sinarmas (BLS)
Pada bulan Oktober 2020, Perusahaan In October 2020, the Company increased its
menambah setoran modal pada BLS sebesar investment in BLS amounting to Rp9,000, thus
Rp9.000 sehingga meningkatkan persentase increased its ownership interest in BLS from
kepemilikan Perusahaan pada BLS dari 99.90% to 99.99%.
99,90% menjadi 99,99%.
PT Data Opal Terpadu (DOT) PT Data Opal Terpadu (DOT)
DOT berkedudukan di Jakarta merupakan DOT is domiciled in Jakarta which is engaged
perusahaan yang bergerak di bidang layanan in technology based lending and borrowing
pinjam meminjam uang berbasis teknologi. service. On June 8, 2021, AMS invested to
Pada tanggal 8 Juni 2021, AMS melakukan DOT amounting to Rp19,800 with ownership
investasi pada saham DOT sebesar Rp19.800 interest of 99.92%.
atau setara dengan 99,92% kepemilikan.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
PT Zimba Onix Mustika (ZOM) PT Zimba Onix Mustika (ZOM)
ZOM berkedudukan di Jakarta merupakan ZOM is domiciled in Jakarta which is engaged
perusahaan yang bergerak di bidang layanan in technology based lending and borrowing
pinjam meminjam uang berbasis teknologi. service. On June 8, 2021, SU invested in ZOM
Pada tanggal 8 Juni 2021, SU melakukan amounting to Rp19,800 with ownership interest
investasi pada saham ZOM sebesar Rp19.800 of 99.92%.
atau setara dengan 99,92% kepemilikan.
PT Sistem Loka Triprima (SLT) PT Sistem Loka Triprima (SLT)
SLT berkedudukan di Jakarta merupakan SLT is domiciled in Jakarta which is engaged
perusahaan yang bergerak di bidang layanan in technology based lending and borrowing
pinjam meminjam uang berbasi teknologi. service. On June 8, 2021, SU invested in SLT
Pada tanggal 8 Juni 2021, SU melakukan amounting to Rp19,800 with ownership interest
investasi pada saham SLT sebesar Rp19.800 of 99.92%.
atau setara dengan 99,92% kepemilikan.
Sinar Mas Life Insurance, S.A (SLI) Sinar Mas Life Insurance, S.A (SLI)
SLI berkedudukan di Timor Leste merupakan SLI is domiciled in Timor Leste which is
perusahaan yang bergerak di bidang asuransi engaged in life insurance business. On
jiwa. Pada tanggal 9 Desember 2021, SMI dan December 9, 2021, SMI and ASJ invested in
ASJ melakukan investasi pada saham SLI SLI shares amounting to USD650,000 with
masing-masing sebesar USD650.000 atau ownership interest of 65% and USD250,000
setara dengan 65% kepemilikan dan with ownership interest of 25%, respectively.
USD250.000 atau setara dengan 25%
kepemilikan.
PT Bank Nano Syariah (BNS) PT Bank Nano Syariah (BNS)
Per tanggal 1 Januari 2024, Akta No. 2 tanggal On January 1, 2024, based on Notarial Deed
2 Januari 2024 yang dibuat di hadapan Aulia No. 2 dated January 2, 2024 made before
Taufani S.H., notaris di Jakarta, Pemisahan Aulia Taufani S.H., public notary in Jakarta,
Unit Usaha Syariah BS telah efktif dilakukan the Separation of Sharia Business Unit of BS
dengan pendirian Bank Umum Syariah baru has been effective with the establishment of a
yaitu BNS. new Sharia Commercial Bank under is BNS
Dengan dipisahkannya Unit Usaha Syariah, With the separation of the Sharia Business
maka selanjutnya BS tidak lagi melakukan Unit, then BS will no longer carry out sharia
kegiatan usaha syariah, dan telah dilakukan business activities, and changes have been
perubahan kegiatan usaha pada Pasal 3 made to business activities in Article 3 of
Anggaran dasar BSIM sebagaimana termaktub BSIM's Articles of Association as stated in the
dalam Akta Pernyataan Keputusan Rapat Deed of Meeting Resolution Amendment of BS
Perubahan Anggaran Dasar BS No. 3 tanggal Articles of Association No. 3 dated January 2,
2 Januari 2024 yang dibuat di hadapan Aulia 2024 made before Aulia Taufani, S.H., notary
Taufani, S.H., Notaris di Jakarta yang telah in Jakarta who has obtained approval in
memperoleh persetujuan sesuai dengan Surat accordance with the Decree of the Minister of
Keputusan Menteri Hukum dan Hak Asasi Law and Human Rights of the Republic of
Manusia RI Nomor AHU-0000118.AH.01.02 Indonesia Number AHU-0000118. AH.01.02 of
Tahun 2024 tanggal 2 Januari 2024. 2024 dated January 2, 2024.
BNS telah tercatat dalam Administrasi BNS has been registered in the Supervision
Pengawasan Otoritas Jasa Keuangan sebagai Administration of the Financial Services
Anggota Kelompok Usaha Bank dengan Authority (OJK) as a member of the Bank
Perusahaan Induk PT Bank Sinarmas Tbk. Business Group with the Parent Company PT
Bank Sinarmas Tbk.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
BNS berkedudukan di Jakarta merupakan BNS is domiciled in Jakarta which is engaged
perusahaan yang bergerak di bidang in Banking. On January 2, 2024, the Company
Perbankan. Pada tanggal 2 Januari 2024, invested in BNS shares amounting to
perusahaan melakukan investasi pada saham Rp250,000,000 with ownership interest of 25%
BNS sebesar Rp250.000.000 atau setara
dengan 25% kepemilikan
d. Direksi, Dewan Komisaris, dan karyawan d. Boards of Directors, Commissioners and
Employees
2025 2024
Komisaris Utama : Fuganto Widjaja Fuganto Widjaja : President Commissioner
Komisaris : - - : Commissioners
Komisaris Independen : Robinson Simbolon Robinson Simbolon : Independent Commissioners
Ketut Sanjaya Ketut Sanjaya
Direktur Utama : Burhanuddin Abdullah Burhanuddin Abdullah : President Director
Wakil Direktur Utama : Eric Febrianto - : Vice President Director
Direktur : Agus Leman Gunawan Agus Leman Gunawan : Directors
Felix Felix
Dumoly Freddy Pardede Ferita
Tjong Huei Wey Lili Wijata
Lynn Ramli Dumoly Freddy Pardede
Susunan Komite Audit pada tanggal As at December 31, 2025 and 2024, the
31 Desember 2025 dan 2024, adalah sebagai Company’s Audit Committee consists of the
berikut: following:
2025 2024
Ketua : Robinson Simbolon Robinson Simbolon : Chairman
Anggota : Halim Alamsyah Halim Alamsyah : Members
Nurhaida Nurhaida
Pembentukan Komite Audit Perusahaan telah The formation of the Company’s Audit
sesuai dengan Peraturan No. IX.I.5 mengenai Committee complies with Regulation No. IX.I.5
“Pembentukan dan Pedoman Pelaksanaan concerning the “Establishment and Guidelines
Kerja Komite Audit”. of the Audit Committee Working
Implementation”.
Personel manajemen kunci Grup terdiri dari The Group’s Key management personnel
Komisaris, Direksi, Kepala Divisi, Group Head, consist of Commissioners, Directors, Division
Koordinator Wilayah dan Pimpinan Cabang. Head, Group Head, the Coordinator of the
Region and Branch Managers.
Jumlah karyawan tetap Perusahaan (tidak As at December 31, 2025 and 2024, the
diaudit) pada tanggal 31 Desember 2025 dan Company has a total number of 51 and 56
2024 masing-masing sejumlah 51 dan 56 permanent employees (unaudited),
karyawan, sedangkan jumlah karyawan tetap respectively, while the Group has a total
gabungan Grup (tidak diaudit) pada tanggal number of 9,253 and 8,983 permanent
31 Desember 2025 dan 2024 masing-masing employees as at December 31, 2025 and 2024
sejumlah 9.253 dan 8.983 karyawan (tidak (unaudited), respectively.
diaudit).
e. Penyelesaian Laporan Keuangan e. Completion of Consolidated Financial
Konsolidasian Statements
Laporan keuangan konsolidasian PT Sinar The consolidated financial statements of
Mas Multiartha Tbk dan entitas anak telah PT Sinar Mas Multiartha Tbk and its
diselesaikan dan diotorisasi untuk terbit oleh subsidiaries were completed and authorized
Direksi Perusahaan pada tanggal for issuance on June 29, 2026 by the
29 Juni 2026. Direksi Perusahaan Company’s Directors who are responsible for
bertanggung jawab atas penyusunan dan the preparation and presentation of the
penyajian laporan keuangan konsolidasian consolidated financial statements.
tersebut.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. Informasi Kebijakan Akuntansi Material 2. Material Accounting Policy Information
a. Dasar Penyusunan Laporan Keuangan a. Basis of Preparation of the Financial
Konsolidasian Statements
Laporan keuangan konsolidasian disusun dan The consolidated financial statements have
disajikan dengan menggunakan Standar been prepared and presented in accordance
Akuntansi Keuangan (“SAK”) di Indonesia, with Indonesian Financial Accounting
meliputi pernyataan dan interpretasi yang Standards (“SAK”), which comprise the
diterbitkan oleh Dewan Standar Akuntansi statements and interpretations issued by the
Keuangan Ikatan Akuntan Indonesia Board of Financial Accounting Standards of
(DSAK IAI) dan Dewan Standar Akuntansi the Institute of Indonesia of Accountants
Syariah IAI, dan Peraturan OJK No. VIII.G.7 (DSAK IAI) and the Board of Sharia
tentang “Penyajian dan Pengungkapan Accounting Standards of IAI and OJK
Laporan Keuangan Emiten atau Perusahaan Regulation No. VIII.G.7 regarding
Publik”. “Presentation and Disclosures of Public
Companies’ Financial Statements”.
Dasar pengukuran laporan keuangan The measurement basis used is the historical
konsolidasian ini adalah konsep biaya cost, except for certain accounts which are
perolehan, kecuali beberapa akun tertentu measured on the bases described in the
disusun berdasarkan pengukuran lain, related accounting policies. The consolidated
sebagaimana diuraikan dalam kebijakan financial statements, except for the
akuntansi masing-masing akun tersebut. consolidated statements of cash flows, are
Laporan keuangan konsolidasian ini disusun prepared under the accrual basis of
dengan metode akrual, kecuali laporan arus accounting.
kas konsolidasian.
Laporan arus kas konsolidasian disusun The consolidated statement of cash flows are
dengan menggunakan metode langsung prepared using the modified direct method with
dimodifikasi dengan mengelompokan arus kas classifications of cash flows into operating,
dalam aktivitas operasi, investasi dan investing, and financing activities. For the
pendanaan. Untuk tujuan penyusunan laporan purpose of the consolidated statements of
arus kas konsolidasian, kas dan setara kas cash flows, cash and cash equivalents include
terdiri dari kas, kas di bank, giro pada Bank cash, cash in banks, demand deposits with
Indonesia, simpanan yang sangat likuid Bank Indonesia, and other liquid deposits, with
dengan jatuh tempo tiga (3) bulan atau kurang original maturity of three (3) months or less
dari tanggal perolehan dan penempatan pada from the acquisition date and funds placed in
perusahaan sekuritas. securities companies.
Kebijakan akuntansi yang diterapkan dalam The accounting policies adopted in the
penyusunan laporan keuangan konsolidasian preparation of the consolidated financial
untuk tahun yang berakhir 31 Desember 2025 statements for the year ended
adalah konsisten dengan kebijakan akuntansi December 31, 2025 are consistent with those
yang diterapkan dalam penyusunan laporan adopted in the preparation of the consolidated
keuangan konsolidasian untuk tahun yang financial statements for the year ended
berakhir 31 Desember 2024. December 31, 2024.
Entitas anak yang bergerak di bidang asuransi Subsidiaries engaged in insurance business
belum menerapkan PSAK No. 109 sesuai have not yet implemented SFAS No. 109 in
dengan ketentuan yang berlaku. accordance with the prevailing regulations.
Mata uang yang digunakan dalam penyusunan The reporting currency used in the preparation
dan penyajian laporan keuangan konsolidasian of the consolidated financial statements is the
adalah mata uang Rupiah yang juga Indonesian Rupiah which is also the functional
merupakan mata uang fungsional Perusahaan. currency of the Company.
Grup telah menyusun laporan keuangan The Group has prepared the consolidated
konsolidasian dengan dasar bahwa Grup akan financial statements on the basis that it will
terus beroprasi secara berkesinambungan. continue to operate as a going concern.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
b. Prinsip - Prinsip Konsolidasi b. Principles of Consolidation
Laporan keuangan konsolidasian meliputi The consolidated financial statements include
laporan keuangan Perusahaan dan entitas the accounts of the Company and Subsidiaries
anak sebagaimana diungkapkan pada mentioned in Note 1c.
Catatan 1c.
Laporan keuangan konsolidasian meliputi The consolidated financial statements
laporan keuangan Perusahaan dan entitas- incorporate the financial statements of the
entitas (termasuk entitas terstruktur) yang Company and entities (including structured
dikendalikan oleh Perusahaan dan entitas entities) controlled by the Company and its
anak (Grup). Pengendalian diperoleh apabila subsidiaries (the Group). Control is achieved
Perusahaan memiliki seluruh hal berikut ini: when the Company has all the following:
• kekuasaan atas investee; • power over the investee;
• eksposur atau hak atas imbal hasil variabel • is exposure, or rights, to variable returns
dari keterlibatannya dengan investee; dan from its involvement with the investee; and
• kemampuan untuk menggunakan • the ability to use its power over the
kekuasaannya atas investee untuk investee to influence the amount of return
mempengaruhi jumlah imbal hasil investor. to investors.
Pengkonsolidasian entitas anak dimulai pada Consolidation of a subsidiary begins when the
saat Perusahaan memperoleh pengendalian Company obtains control over the subsidiary
atas entitas anak dan berakhir pada saat and ceases when the Company losses control
Perusahaan kehilangan pengendalian atas of the subsidiary. Specifically, income and
entitas anak. Secara khusus, penghasilan dan expenses of a subsidiary acquired or disposed
beban entitas anak yang diakuisisi atau of during the year are included in the
dilepaskan selama tahun berjalan termasuk consolidated statement of profit or loss and
dalam laporan laba rugi dan penghasilan other comprehensive income from the date the
komprehensif lain konsolidasian sejak tanggal Company gains control until the date when the
Perusahaan memperoleh pengendalian Company ceases to control the subsidiary.
sampai dengan tanggal Perusahaan
kehilangan pengendalian atas entitas anak.
Seluruh transaksi, saldo, keuntungan dan All material intercompany transaction in the
kerugian intra kelompok usaha di dalam Grup Group, balances, gains and loses are
yang material telah dieliminasi. eliminated.
Laba rugi dan setiap komponen penghasilan Profit or loss and each component of other
komprehensif lain diatribusikan kepada pemilik comprehensive income are attributed to the
Perusahaan dan kepentingan non-pengendali owners of the Company and to the non-
(KNP) meskipun hal tersebut mengakibatkan controling interest (NCI) even if this results in
KNP memiliki saldo defisit. the NCI having a deficit balance.
KNP disajikan dalam laporan laba rugi dan NCI are presented in the consolidated
penghasilan komprehensif lain konsolidasian statement of profit or loss and other
dan dalam ekuitas pada laporan posisi comprehensive income and under the equity
keuangan konsolidasian, terpisah dari bagian section of the consolidated statement of
yang dapat diatribusikan kepada pemilik financial position, separate from the portion
Perusahaan. attributable to the owners of the Company.
Transaksi dengan KNP yang tidak Transactions with NCI that do not result in loss
mengakibatkan hilangnya pengendalian dicatat of control are accounted for as equity
sebagai transaksi ekuitas. Selisih antara nilai transactions. The difference between the fair
wajar imbalan yang dialihkan dengan bagian value of any consideration paid and the
relatif atas nilai tercatat aset bersih entitas relevant share acquired of the carrying value of
anak yang diakuisisi dicatat di ekuitas. net assets of the subsidiary is recorded in
Keuntungan atau kerugian dari pelepasan equity. Gains or losses on disposals to NCI are
kepada KNP juga dicatat di ekuitas. also recorded in equity.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
c. Kombinasi Bisnis c. Accounting for Business Combination
Entitas Tidak Sepengendali Among Entities Not Under Common Control
Kombinasi bisnis, kecuali kombinasi bisnis Business combinations, except business
entitas sepengendali, dicatat dengan combination among entities under common
menggunakan metode akuisisi. Biaya control, are accounted for using the acquisition
perolehan dari sebuah akuisisi diukur pada method. The cost of an acquisition is
nilai agregat imbalan yang dialihkan, diukur measured as the aggregate of the
pada nilai wajar pada tanggal akuisisi dan consideration transferred, measured at
jumlah setiap KNP pada pihak yang diakuisisi. acquisition date fair value and the amount of
Untuk setiap kombinasi bisnis, Group any non-controlling interests (NCI) in the
mengukur KNP pada entitas yang diakuisisi Group. For each business combination, the
pada nilai wajar atau sebesar proporsi acquirer measures the NCI in the acquiree
kepemilikan KNP atas aset neto yang either at fair value or at the proportionate
teridentifikasi dari entitas yang diakuisisi. share of the acquiree’s identifiable net assets.
Biaya-biaya akuisisi yang timbul dibebankan Acquisition costs incurred are directly
langsung dan disajikan sebagai beban expensed and included in administrative
administrasi. expenses.
Ketika melakukan akuisisi atas sebuah bisnis, When the Group acquires a business, it
Grup mengklasifikasikan dan menentukan aset assesses the financial assets acquired and
keuangan yang diperoleh dan liabilitas liabilities assumed for appropriate classification
keuangan yang diambil alih berdasarkan pada and designation in accordance with the
persyaratan kontraktual, kondisi ekonomi dan contractual terms, economic circumstances
kondisi terkait lain yang ada pada tanggal and pertinent conditions as at the acquisition
akuisisi. Efektif 1 Januari 2021, saat date. Effective January 1, 2021, upon adoption
penerapan amandemen PSAK No. 103 of the Amendment to SFAS No. 103 “Business
“Kombinasi Bisnis”, Grup dapat memilih untuk Combination”, the Group has an option to
menerapkan ‘pengujian konsentrasi nilai wajar’ apply a ‘fair value concentration test’ that
yang mengijinkan penilaian yang permits a simplified assessment of wheter an
disederhanakan apakah rangkaian aktivitas acquired set of activities and assets is not a
dan aset yang diakuisisi bukan merupakan business. The concentration test can be
suatu bisnis. Pengujian konsentrasi dapat applied on a transaction-by-transaction basis.
diterapkan secara terpisah untuk setiap The optional concentraion test is met if
transaksi. Pengujian konsentrasi opsional substantially all of the fair value of the gross
terpenuhi jika secara substansial seluruh nilai assets acquired is concentrated in a single
wajar aset bruto yang diakuisisi terkonsentrasi identifiable asset or group of similar identifiable
dalam aset teridentifikasi tunggal atau assets. If the test is met, the set of activities
kelompok aset teridentifikasi serupa. Jika and assets is determined not to be a business
pengujian terpenuhi, rangkaian aktivitas dan and no further assessment is needed. If the
aset ditentukan bukan merupakan suatu bisnis test is not met, or if the Group elects not to
dan tidak diperlukan penilaian lanjutan. Jika apply the test, a detailed assessment must be
pengujian tidak terpenuhi atau jika Grup performed applying the normal requirement in
memilih untuk tidak menerapkan pengujian SFAS No. 103.
tersebut, penilaian yang detail harus dilakukan
sesuai dengan persyaratan normal dalam
PSAK No. 103.
Dalam suatu kombinasi bisnis yang dilakukan If the business combination is carried out in
secara bertahap, pada tanggal akuisisi pihak stages, the acquisition date fair value of the
pengakuisisi mengukur kembali nilai wajar acquirer’s previously held equity interest in the
kepentingan ekuitas yang dimiliki sebelumnya acquiree is remeasured to fair value at the
pada pihak yang diakuisisi dan mengakui acquisition date through profit or loss.
keuntungan atau kerugian yang dihasilkan
dalam laba rugi.
Pada tanggal akuisisi, goodwill awalnya diukur At acquisition date, goodwill is initially
pada harga perolehan yang merupakan selisih measured at cost being the excess of the
lebih nilai agregat dari imbalan yang dialihkan aggregate of the consideration transferred and
dan jumlah yang diakui untuk KNP atas aset the amount recognised for NCI over the net
bersih teridentifikasi yang diperoleh dan identifiable assets acquired and liabilities
liabilitas yang diambil alih. Jika nilai agregat assumed. If this consideration is lower than the
tersebut lebih kecil dari nilai wajar aset neto fair value of the net assets of the subsidiary
entitas anak yang diakuisisi, selisih tersebut acquired, the difference is recognised in profit
diakui dalam laba rugi. or loss.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Setelah pengakuan awal, goodwill diukur pada After initial recognition, goodwill is measured at
jumlah tercatat dikurangi akumulasi kerugian cost less any accumulated impairment losses.
penurunan nilai. Untuk tujuan uji penurunan For the purpose of impairment testing, goodwill
nilai, goodwill yang diperoleh dari suatu acquired in a business combination is, from the
kombinasi bisnis, sejak tanggal akuisisi, acquisition date, allocated to each of the
dialokasikan kepada setiap Unit Penghasil Kas Group’s’ cash-generating units (“CGU”) that
(“UPK”) dari Group yang diharapkan akan are expected to benefit from the combination,
menerima manfaat dari sinergi kombinasi irrespective of whether other assets or
tersebut, terlepas dari apakah aset atau liabilities of the acquired are assigned to those
liabilitas lain dari pihak yang diakuisisi CGUs.
dialokasikan ke UPK tersebut.
Jika goodwill telah dialokasikan pada suatu Where goodwill forms part of a CGU and part
UPK dan operasi tertentu atas UPK tersebut of the operation within that CGU is disposed
dihentikan, maka goodwill yang diasosiasikan of, the goodwill associated with the operation
dengan operasi yang dihentikan tersebut disposed of is included in the carrying amount
termasuk dalam jumlah tercatat operasi of the operation when determining the gain or
tersebut ketika menentukan keuntungan atau loss on disposal of the operation. Goodwill
kerugian dari pelepasan. Goodwill yang disposed of in this circumstance is measured
dilepaskan tersebut diukur berdasarkan nilai based on the relative values of the operation
relatif operasi yang dihentikan dan porsi UPK disposed of and the portion of the CGU
yang ditahan. retained.
Entitas Sepengendali Among Entities Under Common Control
Transaksi kombinasi bisnis entitas Business combination transaction of entities
sepengendali, berupa pengalihan bisnis yang under common control in form of business
dilakukan dalam rangka reorganisasi entitas- transfer with regard to reorganization of
entitas yang berada dalam suatu kelompok entities within the same group of companies
usaha yang sama, bukan merupakan does not result in a change of the economic
perubahan kepemilikan dalam arti substansi substance of the ownership, in which the
ekonomi, sehingga transaksi tersebut diakui transaction does not incur gain or loss to the
pada jumlah tercatat berdasarkan metode group as a whole or to the individual company
penyatuan kepemilikan. within the group. Therefore, the transaction is
recognised at carrying value based on pooling
of interest method.
Selisih antara jumlah imbalan yang dialihkan Any difference between amount of
dan jumlah tercatat dari setiap kombinasi consideration transferred and the carrying
bisnis entitas sepengendali disajikan dalam value of each business combination of entities
akun tambahan modal disetor pada bagian under common control is recognised as
ekuitas dalam laporan posisi keuangan additional paid-in capital as part of equity
konsolidasian. section in the consolidated statement of
financial position.
Entitas yang melepas bisnis, dalam pelepasan An entity which is disposing a business unit in
bisnis entitas sepengendali, mengakui selisih connection with the disposal of a business unit
antara imbalan yang diterima dan jumlah of an entity under common control recognizes
tercatat bisnis yang dilepas dalam akun the difference between the consideration
tambahan modal disetor pada bagian ekuitas received and carrying amount of the disposed
dalam laporan posisi keuangan konsolidasian. business unit as additional paid-in capital as
part of equity section in the consolidated
statement of financial position.
d. Penjabaran Mata Uang Asing d. Foreign Currency Translation
Mata Uang Fungsional dan Pelaporan Functional and Reporting Currencies
Akun-akun yang tercakup dalam laporan Items included in the financial statements of
keuangan setiap entitas dalam Grup diukur each of the Group’s companies are measured
menggunakan mata uang dari lingkungan using the currency of the primary economic
ekonomi utama dimana entitas beroperasi environment in which the entity operates (the
(mata uang fungsional). functional currency).
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Laporan keuangan konsolidasian disajikan The consolidated financial statements are
dalam Rupiah, yang merupakan mata uang presented in Rupiah which is the Company’s
fungsional Perusahaan dan mata uang functional and the Group’s presentation
penyajian Grup. currency.
Transaksi dan Saldo Transactions and Balances
Transaksi dalam mata uang asing dijabarkan Foreign currency transactions are translated
kedalam mata uang fungsional menggunakan into the functional currency using the
kurs pada tanggal transaksi. Keuntungan atau exchange rates prevailing at the dates of the
kerugian selisih kurs yang timbul dari transactions. Foreign exchange gains and
penyelesaian transaksi dan dari penjabaran losses resulting from the settlement of such
pada kurs akhir tahun atas aset dan liabilitas transactions and from the translation at year
moneter dalam mata uang asing diakui dalam end exchange rates of monetary assets and
laba rugi. Aset nonmoneter yang diukur pada liabilities denominated in foreign currencies are
nilai wajar dijabarkan menggunakan kurs pada recognised in profit or loss. Non-monetary
tanggal nilai wajar ditentukan. Selisih assets that are measured at fair value are
penjabaran akun ekuitas dan akun ranslated using the exchange rate at the date
nonmoneter serupa yang diukur pada nilai that the fair value was determined. Translation
wajar diakui dalam laba rugi Pada tanggal differences on equities and similar non-
31 Desember 2025 dan 2024 adalah kurs monetary items measured at fair value are
tengah Bank Indonesia pukul 16.00 WIB yaitu recognised in profit or loss. As at December
masing-masing adalah sebesar Rp16.782,00 31, 2025 and 2024, Bank Indonesia middle
dan Rp16.162,00 (dalam Rupiah penuh) per rate at 16:00 WIB are Rp16,782.00 and
US$1. Rp16,162.00 (in full Rupiah amount), per US$
1, respectively.
Kurs yang digunakan BS, entitas anak yang The conversion rates used by BS, a subsidiary
bergerak di bidang perbankan, untuk engaged in banking business, to translate
menjabarkan aset dan liabilitas dalam mata monetary assets and liabilities as at
uang asing pada tanggal 31 Desember 2025 December 31, 2025 and 2024, the Reuters
dan 2024 adalah kurs tengah Reuters pukul middle rate at 16:00 WIB are Rp16,675.00 (in
16.00 WIB yaitu masing-masing adalah full Rupiah amount) and Rp16,095.00 (in full
sebesar Rp16.675,00 (dalam Rupiah penuh) Rupiah amount), per US$ 1, respectively.
dan Rp16.095,00 (dalam Rupiah penuh) per
US$1.
Kelompok Usaha Grup Group Companies
Hasil usaha dan posisi keuangan dari The results and financial position of all the
kelompok usaha Grup yang memiliki mata Group’s companies that have a functional
uang fungsional yang berbeda dengan mata currency different from the reporting currency
uang pelaporan, dijabarkan pada mata uang are translated into the reporting currency as
pelaporan sebagai berikut: follows:
1. aset dan liabilitas dari setiap laporan 1. assets and liabilities for each statement
posisi keuangan yang disajikan, of financial position presented are
dijabarkan pada kurs penutup pada translated at the closing rate at the date
tanggal laporan posisi keuangan; of that statement of financial position;
2. penghasilan dan beban untuk setiap 2. income and expenses for each statement
laporan laba rugi dijabarkan of profit or loss and other comprehensive
menggunakan kurs rata-rata; dan income are translated at average
exchange rates; and
3. seluruh selisih kurs yang timbul diakui 3. all resulting exchange differences are
dalam komponen ekuitas yang terpisah. recognised as a separate component of
equity.
Dalam proses konsolidasi, selisih kurs yang On consolidation, exchange differences arising
timbul dari penjabaran investasi neto dalam from the translation of the net investment in
kegiatan usaha luar negeri disajikan dalam foreign entities are taken to equity. When a
ekuitas. Jika kegiatan usaha luar negeri foreign operation is sold, such exchange
tersebut dilepaskan, maka selisih kurs yang differences arising from the translation of the
berasal dari penjabaran investasi neto dalam net investment in such foreign operation taken
kegiatan usaha luar negeri tersebut, yang to equity are recognised in profit or loss as part
sebelumnya disajikan dalam ekuitas, diakui of the gain or loss on sale.
dalam laba rugi sebagai bagian dari
keuntungan atau kerugian penjualan.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Pada tanggal 31 Desember 2025 and 2024, As at December 31, 2025 and 2024, Global
mata uang fungsional Global Asian Investment Asian Investment Limited (GAI), a subsidiary,
Limited (GAI), entitas anak, dan Sinar Mas and Sinar Mas Insurance (SMI), a subsidiary of
Insurance (SMI), entitas anak ASM, masing- ASM, use the United States Dollar as their
masing adalah Dolar Amerika Serikat. functional currency.
Selisih kurs yang timbul dari penjabaran The translation of the net investment in foreign
investasi neto dalam kegiatan usaha luar entities is taken to equity. When a foreign
negeri disajikan dalam ekuitas. Jika kegiatan operation is sold, exchange differences arising
usaha luar negeri tersebut dilepaskan, maka from the translation of the net investment in
selisih kurs yang berasal dari penjabaran such foreign operation taken to equity are
investasi neto dalam kegiatan usaha luar recognised in profit or loss as part of the gain
negeri tersebut, yang sebelumnya disajikan or loss on sale.
dalam ekuitas, diakui dalam laba rugi sebagai
bagian dari laba atau rugi penjualan.
Goodwill dan penyesuaian nilai wajar yang Goodwill and fair value adjustments arising on
timbul dari akuisisi kegiatan usaha luar negeri the acquisition of a foreign entity are treated as
diperlakukan sebagai aset dan liabilitas assets and liabilities of the foreign entity and
kegiatan usaha luar negeri dan dijabarkan translated at the closing rate.
menggunakan kurs penutup.
e. Transaksi Pihak Berelasi e. Transactions with Related Parties
Orang atau entitas dikategorikan sebagai A person or entity is considered a related party
pihak berelasi Grup apabila memenuhi definisi of the Group if it meets the definition of a
pihak berelasi berdasarkan PSAK No. 224 related party in SFAS No. 224 “Related Party
“Pengungkapan Pihak-pihak Berelasi”. Disclosures”.
Semua transaksi signifikan dengan pihak All significant transactions with related parties
berelasi telah diungkapkan dalam laporan are disclosed in the consolidated financial
keuangan konsolidasian. statements.
f. Kas dan Bank f. Cash and Cash in Banks
Kas dan bank terdiri dari kas dan kas di bank, Cash and cash in banks consist of cash on
serta investasi jangka pendek, dengan jangka hand and cash in banks, and short term
waktu jatuh tempo tiga bulan atau kurang investment, with original maturities of three (3)
sejak tanggal penempatannya dan tidak months or less from the date of placements,
dijaminkan dan tidak dibatasi pencairannya. and which are not used as collateral and are
not restricted.
g. Instrumen Keuangan g. Financial Instruments
Grup menerapkan PSAK No. 109, Instrumen The Group has applied SFAS No. 109,
Keuangan, mengenai pengaturan instrumen Financial Instruments, which set the
keuangan terkait klasifikasi dan pengukuran, requirements in classification and
penurunan nilai atas instrumen keuangan dan measurement, impairment in value of financial
akuntansi lindung nilai. assets and hedge accounting.
Aset Keuangan Financial Assets
Grup mengklasifikasikan aset keuangan The Group classifies its financial assets in
sesuai dengan PSAK No. 109, Instrumen accordance with SFAS No. 109, Financial
Keuangan, sehingga setelah pengakuan awal Instruments, that classifies financial assets as
aset keuangan diukur pada biaya perolehan subsequently measured at amortized cost, fair
diamortisasi, nilai wajar melalui penghasilan value through comprehensive income or fair
komprehensif lain atau nilai wajar melalui laba value through profit or loss, on the basis of
rugi, dengan menggunakan dua dasar, yaitu: both:
(a) Model bisnis Grup dalam mengelola aset (a) The Group’s business model for
keuangan; dan managing the financial assets; and
(b) Karakteristik arus kas kontraktual dari aset (b) The contractual cash flow characteristics
keuangan. of the financial assets.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. Aset keuangan pada biaya perolehan 1. Financial assets at amortized cost
diamortisasi
Aset keuangan diukur pada biaya A financial asset shall be measured
perolehan diamortisasi jika kedua at amortized cost if both of the
kondisi berikut terpenuhi: following conditions are met:
a. Aset keuangan dikelola dalam a. The financial asset is held within
model bisnis yang bertujuan a business model whose
untuk memiliki aset keuangan objective is to hold financial
dalam rangka mendapatkan arus assets in order to collect
kas kontraktual; dan contractual cash flows; and
b. Persyaratan kontraktual dari aset b. The contractual terms of the
keuangan menghasilkan arus financial assets give rise on
kas pada tanggal tertentu yang specified dates to cash flows that
semata dari pembayaran pokok are solely payments of principal
dan bunga dari jumlah pokok and interest on the principal
terutang. amount outstanding.
Aset keuangan pada biaya perolehan Financial assets at amortized cost is
diamortisasi diukur pada jumlah yang measured at initial amount minus the
diakui saat pengakuan awal dikurangi principal repayments, plus or minus
pembayaran pokok, ditambah atau the cumulative amortization using the
dikurangi dengan amortisasi kumulatif effective interest method of any
menggunakan metode suku bunga difference between that initial amount
efektif yang dihitung dari selisih and the maturity amount, adjusted for
antara nilai awal dan nilai jatuh allowance for impairment losses.
temponya, dan dikurangi dengan
cadangan kerugian penurunan nilai.
Pada tanggal 31 Desember 2025 dan As at December 31, 2025 and 2024,
2024, kategori aset keuangan pada financial assets at amortized cost are
biaya perolehan mencakup kas dan cash and cash in banks, securities
bank, efek yang dibeli dengan janji purchased under agreements to
jual kembali, investasi jangka pendek resell, short-term investments (bonds,
(berupa obligasi, deposito berjangka, time deposits, placement with other
penempatan pada bank lain dan efek- banks, and securities - export bill
efek berupa tagihan wesel ekspor), receivables), multipurpose financing
piutang pembiayaan multiguna, receivables, finance lease
piutang sewa pembiayaan, piutang receivables, working capital financing
pembiayaan modal kerja skema anjak with factoring scheme receivables,
piutang, kredit yang diberikan, loans, acceptance receivables,
tagihan akseptasi, piutang transaksi securities transaction receivables,
efek, piutang lain-lain, dan aset lain- other accounts receivable, and other
lain (berupa uang jaminan). assets (security deposits).
2. Aset keuangan yang diukur pada nilai 2. Financial assets at fair value through
wajar melalui penghasilan other comprehensive income
komprehensif lain
Aset keuangan diukur pada nilai A financial asset shall be measured
wajar melalui penghasilan at fair value through other
komprehensif lain jika kedua kondisi comprehensive income if both of the
berikut terpenuhi: following conditions are met:
(a) Aset keuangan dikelola dalam (a) The financial asset is held within
model bisnis yang tujuannya a business model whose
akan terpenuhi dengan objective is achieved by both
mendapatkan arus kas collecting contractual cash flows
kontraktual dan menjual aset and selling financial assets; and
keuangan; dan
(b) Persyaratan kontraktual dari aset (b) The contractual terms of the
keuangan menghasilkan arus financial asset give rise on
kas pada tanggal tertentu yang specified dates to cash flows that
semata dari pembayaran pokok are solely payments of principal
dan bunga dari jumlah pokok and interest on the principal
terutang. amount outstanding.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Aset keuangan berupa surat berharga Debt securities financial assets which
utang yang diukur pada nilai wajar are initially measured at fair value
melalui penghasilan komprehensif through comprehensive income are
lain selanjutnya diukur pada nilai subsequently measured at fair value
wajar dikurangi dengan cadangan less allowance for impairment, with
kerugian penurunan nilai, dengan unrealized gains or losses recognised
keuntungan atau kerugian yang in other comprehensive income until
belum direalisasi diakui dalam the financial assets are derecognised
penghasilan komprehensif lain, or reclassified, at which time the
sampai aset keuangan tersebut cumulative gain or loss is reclassified
dihentikan pengakuannya atau to profit or loss. Gains or losses from
direklasifikasi, dimana pada saat itu impairment and foreign exchange and
akumulasi keuntungan atau kerugian interest calculated using effective
direklasifikasi ke laba rugi. interest method are recognised in
Keuntungan atau kerugian penurunan profit or loss.
nilai dan selisih kurs dan bunga yang
dihitung menggunakan metode suku
bunga efektif diakui dalam laba rugi.
Aset keuangan berupa instrumen Equity securities financial assets
ekuitas yang diukur pada nilai wajar which are initially measured at fair
melalui penghasilan komprehensif value through comprehensive income
lain selanjutnya diukur pada nilai are subsequently measured at fair
wajar, dengan keuntungan atau value, with unrealized gains or losses
kerugian yang belum direalisasi recognised in other comprehensive
diakui dalam penghasilan income. At the time the financial
komprehensif lain. Saat aset assets are derecognised or
keuangan tersebut dihentikan reclassified, the cumulative gain or
pengakuannya atau direklasifikasi, loss is reclassified to retained
akumulasi keuntungan atau kerugian earnings.
direklasifikasi ke saldo laba.
Pada tanggal 31 Desember 2025 dan As at December 31, 2025 and 2024,
2024, kategori ini mencakup investasi the Group has classified short-term
jangka pendek berupa efek-efek invesments - securities (bonds,
(berupa obligasi dan saham), aset shares and warrants that are traded
pemegang polis - unit link dan in Indonesia Stock Exchange),
investasi dalam saham pada aset segregated funds net assets - unit
keuangan pada nilai wajar melalui link and invesment in shares of stock
penghasilan komprehensif lain. as financial assets at fair value
through other comprehensive income.
3. Aset keuangan yang diukur pada nilai 3. Financial assets at fair value through
wajar melalui laba rugi profit or loss
Aset keuangan diukur pada nilai A financial asset shall be measured
wajar melalui laba rugi kecuali aset at fair value through profit or loss
keuangan tersebut diukur pada biaya unless it is measured at amortized
perolehan diamortisasi atau pada nilai cost or at fair value through
wajar melalui penghasilan comprehensive income.
komprehensif lain.
Derivatif juga diklasifikasikan pada Derivatives are also categorized as
nilai wajar melalui laba rugi, kecuali fair value through profit or loss unless
derivatif yang ditetapkan sebagai they are designated as effective
instrumen lindung nilai yang efektif. hedging instruments.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Aset keuangan yang diukur pada nilai Financial assets at FVPL are
wajar melalui laba rugi dicatat pada recorded in the consolidated
laporan posisi keuangan statement of financial position at fair
konsolidasian pada nilai wajarnya. value. Changes in fair value are
Perubahan nilai wajar langsung diakui recognised directly in profit or loss.
dalam laba rugi. Bunga yang Interest earned is recorded as
diperoleh dicatat sebagai pendapatan interest income, while dividend
bunga, sedangkan pendapatan income is recorded as part of other
dividen dicatat sebagai bagian dari income according to the terms of the
pendapatan lain-lain sesuai dengan contract, or when the right of payment
persyaratan dalam kontrak, atau pada has been established.
saat hak untuk memperoleh
pembayaran atas dividen tersebut
telah ditetapkan.
Pada tanggal 31 Desember 2025 dan As at December 31, 2025 and 2024,
2024, kategori ini mencakup investasi this category includes short-term
jangka pendek berupa efek-efek investments in the form of securities
(obligasi, unit reksadana dan saham) (in the form of bonds, mutual fund
yang, aset pemegang polis - unit link, units and shares), policyholder assets
dan aset lain-lain berupa tagihan - unit links, and other assets in the
derivatif. form of derivative receivables.
Investasi saham merupakan investasi Investments in shares are
yang tidak diperoleh dari pasar modal investments that are not obtained
dan dimaksudkan untuk dimiliki dalam from the capital market and are
jangka panjang terkait dengan intended to be owned for the long
keanggotaan dalam bursa efek. term in connection with membership
in the stock exchange.
Liabilitas Keuangan dan Instrumen Ekuitas Financial Liabilities and Equity Instruments
Liabilitas keuangan dalam lingkup PSAK No. Financial liabilities within the scope of SFAS
109 diklasifikasikan sebagai berikut: (i) No. 109 are classified as follows: (i) financial
liabilitas keuangan yang diukur dengan biaya liabilities at amortized cost, (ii) financial
diamortisasi, (ii) liabilitas keuangan yang liabilities at fair value through profit and loss
diukur dengan nilai wajar melalui laba rugi. (FVPL). The Group determines the
Grup menentukan klasifikasi liabilitas classification of its financial liabilities at initial
keuangan pada saat pengakuan awal. recognition.
Seluruh liabilitas keuangan diakui pada All financial liabilities are recognised initially at
awalnya sebesar nilai wajar dan, dalam hal fair value and, in the case of loans and
pinjaman dan utang, termasuk biaya transaksi borrowings, inclusive of directly attributable
yang dapat diatribusikan secara langsung dan transaction costs and subsequently measured
selanjutnya diukur pada biaya perolehan at amortized cost using the effective interest
diamortisasi dengan menggunakan metode rate method. The amortization of the effective
suku bunga efektif. Amortisasi suku bunga interest rate is included in finance costs in
efektif disajikan sebagai bagian dari beban profit or loss.
keuangan dalam laba rugi.
1. Liabilitas keuangan yang diukur pada 1. Financial liabilities at amortized cost
biaya perolehan diamortisasi
Liabilitas keuangan pada biaya perolehan Financial liabilities at amortized cost is
diamortisasi diukur pada jumlah yang measured at initial amount minus the
diakui saat pengakuan awal dikurangi principal repayments, plus or minus the
pembayaran pokok, ditambah atau cumulative amortization using the effective
dikurangi dengan amortisasi kumulatif interest method of any difference between
menggunakan metode suku bunga efektif initial amount and the maturity amount.
yang dihitung dari selisih antara nilai awal
dan nilai jatuh temponya.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Pada tanggal 31 Desember 2025 dan As at December 31, 2025 and 2024, the
2024, kategori ini meliputi simpanan dan Group has classified deposits and
simpanan dari bank lain, liabilitas deposits from other banks, acceptance
akseptasi, efek yang dijual dengan janji payables, securities sold under
dibeli kembali, utang transaksi efek, agreements to repurchase, securities
beban akrual, surat berharga yang transaction payables, accrued expenses,
diterbitkan, pinjaman yang diterima, dan securities issued, loans received, and
liabilitas lain-lain. other liabilities.
2. Liabilitas keuangan yang diukur pada nilai 2. Financial Liabilities at FVPL
wajar melalui laba rugi
Liabilitas keuangan diklasifikasikan dalam Financial liabilities are classified in this
kategori ini apabila liabilitas tersebut category if these result from trading
merupakan hasil dari aktivitas activities or derivative transactions that
perdagangan atau transaksi derivatif yang are not accounted for as accounting
tidak dimaksudkan sebagai lindung nilai, hedges, or when the Group elects to
atau jika Grup memilih untuk menetapkan designate a financial liability under this
liabilitas keuangan tersebut dalam category.
kategori ini.
Perubahan dalam nilai wajar langsung Changes in fair value are recognised
diakui dalam laba rugi. directly in profit or loss.
Pada tanggal 31 Desember 2025 dan As at December 31, 2025 and 2024, this
2024, kategori ini mencakup dana category includes segregated funds
pemegang polis unit link dan liabilitas lain- contract liabilities - unit link and other
lain berupa liabilitas derivatif. liabilities such as derivative liabilities.
Instrumen Keuangan Derivatif Derivative Financial Instruments
Dalam usaha normalnya, Grup melakukan In the normal course of business, the Group
transaksi instrumen keuangan derivatif berupa enters into transactions involving derivative
kontrak tunai dan berjangka mata uang asing. financial instruments such as foreign currency
Instrumen keuangan derivatif diukur dan spot and forward contracts and foreign
disajikan di laporan posisi keuangan pada nilai currency swaps. Derivative financial
wajar dengan menggunakan harga pasar. instruments are measured and presented in
Derivatif dicatat sebagai aset apabila memiliki the consolidated statement of financial position
nilai wajar positif dan sebagai liabilitas apabila at their fair values. Derivatives are carried as
memiliki nilai wajar negatif. Keuntungan atau assets when the fair value is positive and as
kerugian yang terjadi dari perubahan nilai liabilities when the fair value is negative. Gains
wajar diakui dalam laba/rugi. or losses as a result of fair value changes are
recognised in profit or loss.
Saling Hapus Instrumen Keuangan Offsetting of Financial Instruments
Aset keuangan dan liabilitas keuangan saling Financial assets and liabilities are offset and
hapus dan nilai bersihnya disajikan dalam the net amount reported in the consolidated
laporan posisi keuangan konsolidasian jika, statement of financial position if, and only if,
dan hanya jika, Grup saat ini memiliki hak there is a currently enforceable right to offset
yang berkekuatan hukum untuk melakukan the recognised amounts and there is intention
saling hapus atas jumlah yang telah diakui to settle on a net basis, or to realize the asset
tersebut; dan berniat untuk menyelesaikan and settle the liability simultaneously.
secara neto atau untuk merealisasikan aset
dan menyelesaikan liabilitasnya secara
simultan.
Reklasifikasi Aset Keuangan Reclassifications of Financial Instruments
Sesuai dengan ketentuan PSAK No. 109, In accordance with SFAS No. 109, Financial
Instrumen Keuangan, Grup mereklasifikasi Instruments, the Group reclassifies its financial
seluruh aset keuangan dalam kategori yang assets when, and only when, the Group
terpengaruh, jika dan hanya jika, Grup changes its business model for managing
mengubah model bisnis untuk pengelolaan financial assets. While, any financial liabilities
aset keuangan tersebut. Sedangkan liabilitas shall not be reclassified.
keuangan tidak direklasifikasi.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Penurunan Nilai Aset Keuangan Impairment of Financial Assets
Pada setiap tanggal pelaporan, Grup menilai At each reporting date, the Group assesses
apakah risiko kredit dari instrumen keuangan whether the credit risk on a financial
telah meningkat secara signifikan sejak instrument has increased significantly since
pengakuan awal. Ketika melakukan penilaian, initial recognition. When making the
Grup mengacu pada perubahan atas risiko assessment, the Group uses the change in the
gagal bayar yang terjadi sepanjang perkiraan risk of a default occurring over the expected
usia instrumen keuangan daripada perubahan life of the financial instrument instead of the
atas jumlah kerugian kredit ekspektasian change in the amount of expected credit
(Expected Credit Losses atau “ECL”). Dalam losses (“ECL”). To make that assessment, the
melakukan penilaian, Grup juga Group compares the risk of a default occurring
membandingkan antara risiko gagal bayar on the financial instrument as at the reporting
yang terjadi atas instrumen keuangan pada date with the risk of a default occurring on the
saat periode pelaporan dengan risiko gagal financial instrument as at the date of initial
bayar yang terjadi atas instrumen keuangan recognition and consider reasonable and
pada saat pengakuan awal dan supportable information, that is available
mempertimbangkan kewajaran serta without undue cost or effort at the reporting
ketersediaan informasi, yang tersedia tanpa date about past events, current conditions and
biaya atau usaha pada saat tanggal pelaporan forecasts of future economic conditions, that is
terkait dengan kejadian masa lalu, kondisi indicative of significant increases in credit risk
terkini dan perkiraan atas kondisi ekonomi di since initial recognition. If at the reporting date,
masa depan, yang mengindikasikan kenaikan the credit risk of the financial asset has not
risiko kredit sejak pengakuan awal. Jika pada increased significantly since the initial
tanggal pelaporan, risiko kredit atas instrumen recognition, the Group measures the loss
keuangan tidak meningkat secara signifikan allowance for the financial asset using 12-
sejak pengukuran awal, maka Grup akan months ECL. If the credit risk of the financial
mengukur cadangan kerugian untuk aset asset has increased significantly, the lifetime
keuangan tersebut sejumlah ECL 12 bulan. ECL is used in the measurement of the loss
Jika risiko kredit atas aset keuangan allowance for the financial asset.
meningkat secara signifikan, maka
pengukuran cadangan kerugian untuk aset
keuangan tersebut menggunakan ECL
sepanjang umurnya (lifetime).
Grup menggunakan pendekatan 3 tahapan The Group uses 3 stages approach to
dalam mengukur penurunan nilai (Tahap 1, measure impairment for financial assets
Tahap 2 dan Tahap 3) dengan menentukan (Stage 1, Stage 2 and Stage 3) by determining
apakah terjadi peningkatan risiko kredit yang whether a significant increase in credit risk has
signifikan atas aset keuangan sejak awal atau occurred on financial asset since initial
fasilitas tersebut gagal bayar pada tanggal recognition or whether the facility is defaulted
pelaporan. on the reporting date.
1. Tahap 1 - Kerugian kredit ekspektasian 1. Stage 1 – 12 month expected credit
(“ECL”) 12 bulan losses
Tahap 1: mencakup aset keuangan yang Stage 1: includes financial assets that
tidak memiliki peningkatan signifikan atas have not had a significant increase in
risiko kredit sejak pengakuan awal atau credit risk since initial recognition or that
memiliki risiko kredit rendah pada tanggal have low credit risk at the reporting date.
pelaporan. Untuk aset ini, ECL 12 bulan For these assets, 12-month ECL is
akan dihitung. recognised.
Aset keuangan yang dikategorikan Financial assets categorized as Stage 1
sebagai Tahap 1 adalah aset keuangan are financial assets that are 30 days
dengan hari tunggakan kurang atau sama overdue or less.
dengan 30 hari.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. Tahap 2 - Peningkatan risiko kredit 2. Stage 2 - Significant increase in credit
yang signifikan risk
Tahap 2: mencakup aset keuangan yang Stage 2: includes financial assets that
mengalami peningkatan signifikan atas have had a significant increase in credit
risiko kredit, namun tidak memiliki bukti risk but do not have objective evidence of
penurunan nilai yang objektif. Untuk aset impairment. For these assets, lifetime
ini, ECL lifetime dihitung. ECL is recognised.
Aset keuangan yang dianggap telah Financial assets are considered to
mengalami peningkatan risiko kredit yang experience significant increase in credit
signifikan dan dikategorikan sebagai risk and categorized as Stage 2 are
Tahap 2 adalah aset keuangan dengan financial assets that are overdue for 31-90
hari tunggakan dari 31-90 hari. Aset days. Financial instrument that has
keuangan yang telah mengajukan proposed restructure program, are
program restrukturisasi, juga dianggap considered to experience significant
telah mengalami peningkatan risiko kredit increase in credit risk, thus categorized as
yang signifikan sehingga akan Stage 2.
dikategorikan sebagai Tahap 2.
3. Tahap 3 - Eksposur yang mengalami 3. Stage 3 - Credit impaired (or defaulted)
penurunan nilai kredit atau gagal bayar exposures
Tahap 3: mencakup aset keuangan yang Stage 3: includes financial assets that
memiliki bukti objektif penurunan nilai have objective evidence of impairment at
pada tanggal pelaporan. Tahap ini berisi the reporting date. This stage includes
debitur yang telah impaired (gagal bayar). accounts of debtors that are already
impaired (defaulted).
Aset keuangan yang dikategorikan Financial assets categorized as Stage 3
sebagai Tahap 3 adalah aset keuangan are financial assets that are overdue for
dengan hari tunggakan lebih dari 90 hari. more than 90 days.
Faktor utama dalam menentukan apakah aset The key factor in determining whether a
keuangan memerlukan ECL 12 bulan (Tahap financial asset needs 12-month (Stage 1) or
1) atau ECL lifetime (Tahap 2) disebut dengan lifetime ECL (Stage 2) is based on the criteria
kriteria Peningkatan Signifikan dalam Risiko of Significant Increase in Credit Risk (SICR).
Kredit (Significant Increase in Credit Risk atau Determining significant increase in credit risk
“SICR”). Penentuan kriteria SICR memerlukan (SICR) criteria involves assessment of whether
pengkajian apakah telah terjadi peningkatan there has been a significant increase in credit
risiko kredit yang signifikan pada tanggal risk at reporting date.
pelaporan.
PSAK No. 109 mensyaratkan penyertaan SFAS No. 109 requires inclusion of information
informasi tentang kejadian masa lalu, kondisi about past events, current conditions, and
saat ini, dan perkiraan kondisi ekonomi masa forecasts of future economic conditions. The
depan. Perkiraan perubahan dalam kerugian estimates of changes in expected credit losses
kredit yang diharapkan harus mencerminkan should reflect and be directionally consistent
dan secara langsung konsisten dengan with changes in related observable data from
perubahan dalam data terkait yang diobservasi period to period. The calculation of ECL
dari periode ke periode. Perhitungan ECL ini requires estimation of forward-looking
membutuhkan estimasi forward-looking dari Probability of Default (PD), Loss Given Default
Probability of Default (PD), Loss Given Default (LGD), and Exposure at Default (EAD).
(LGD), dan Exposure at Default (EAD).
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. Probability of Default (“PD”) 1. Probability of Default (“PD”)
Probabilitas yang timbul di suatu waktu The probability at a point in time that a
dimana debitur mengalami gagal bayar, counterparty will default, calibrated over
dikalibrasikan sampai dengan periode 12 up to 12-month from the reporting date
bulan dari tanggal laporan (Tahap 1) atau (Stage 1) or over the lifetime of the
lifetime (Tahap 2 dan 3) dan digabungkan product (Stage 2 and 3) and incorporated
pada dampak asumsi ekonomi masa with the impact of forward-looking
depan yang memiliki risiko kredit. PD economic assumptions that have an effect
diestimasikan pada suatu titik waktu (point on credit risk. PD estimated at a point in
in time) dimana hal ini berfluktuasi sejalan time that means it will fluctuate in line with
dengan siklus ekonomi. the economic cycle.
2. Loss Given Default (“LGD”) 2. Loss Given Default (“LGD”)
Kerugian yang diperkirakan akan timbul The loss that is expected to arise from
dari debitur yang mengalami gagal bayar debitors who defaulted, incorporating the
dengan menggabungkan dampak dari impact of relevant forward-looking
asumsi ekonomi masa depan yang economic assumptions (if any), which
relevan (jika ada) dimana hal ini mewakili represents the difference between the
perbedaan antara arus kas kontraktual contractual cash flows due and those that
yang akan jatuh tempo dengan arus kas the Group expects to receive. The Group
yang diharapkan untuk diterima. Grup estimates LGD based on the historical
mengestimasikan LGD berdasarkan data recovery rates and considers the recovery
historis dari tingkat pemulihan dan of all assets managed by the Group,
memperhitungkan pemulihan yang taking into account forward-looking
berasal dari seluruh aset yang dikelola economic assumptions.
oleh Grup dengan mempertimbangkan
asumsi ekonomi masa depan.
3. Exposure of Default (“EAD”) 3. Exposure of Default (“EAD”)
Perkiraan nilai eksposur laporan posisi The expected statement of financial
keuangan pada saat gagal bayar dengan position exposure at the time of default,
mempertimbangkan bahwa perubahan taking into account that expected change
ekspektasi yang diharapkan selama masa in exposure over the lifetime of the
eksposur. Hal ini menggabungkan exposure. This incorporates the impact of
dampak penarikan fasilitas yang hampir drawdowns of committed facilities,
pasti terjadi (committed), pembayaran repayments of principal and interest,
pokok dan bunga, amortisasi dan amortization and prepayments, with the
pembayaran dipercepat, bersama dengan impact of forward-looking economic
dampak asumsi ekonomi masa depan. assumptions.
Penghentian Pengakuan Aset dan Liabilitas Derecognition of Financial Assets and
Keuangan Liabilities
1. Aset Keuangan 1. Financial Assets
Aset keuangan (atau bagian dari aset Financial asset (or, where applicable, a
keuangan atau kelompok aset keuangan part of a financial asset or part of a group
serupa) dihentikan pengakuannya jika: of similar financial assets) is derecognised
when:
a. Hak kontraktual atas arus kas yang a. The rights to receive cash flows from
berasal dari aset keuangan tersebut the financial asset have expired;
berakhir;
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
b. Grup tetap mempertahankan hak b. The Group retains the right to receive
untuk menerima arus kas dari aset cash flows from the financial asset,
keuangan tersebut, namun juga but has assumed an obligation to pay
menanggung liabilitas kontraktual them in full without material delay to a
untuk membayar arus kas yang third party under a “pass-through”
diterima tersebut kepada satu atau arrangement; or
lebih pihak penerima melalui suatu
kesepakatan; atau
c. Grup telah mengalihkan hak c. The Group has transferred its rights
kontraktual untuk menerima arus kas to receive cash flows from the asset
dari aset keuangan dan (i) telah and either (i) has transferred
secara substansial mengalihkan substantially all the risks and rewards
seluruh risiko dan manfaat atas aset of the financial asset, or (ii) has
keuangan, atau (ii) secara substansial neither transferred nor retained
tidak mengalihkan atau tidak memiliki substantially all the risks and rewards
seluruh risiko dan manfaat atas aset of the financial asset, but has
keuangan, namun telah mengalihkan transferred control of the financial
pengendalian atas aset keuangan asset.
tersebut.
2. Liabilitas Keuangan 2. Financial Liabilities
Liabilitas keuangan dihentikan A financial liability is derecognised when
pengakuannya jika liabilitas keuangan the obligation under the contract is
tersebut dilepaskan, dibatalkan, atau telah discharged, cancelled or has expired.
kedaluarsa.
h. Pengukuran Nilai Wajar h. Fair Value Measurement
Pengukuran nilai wajar didasarkan pada The fair value measurement is based on the
asumsi bahwa transaksi untuk menjual aset presumption that the transaction to sell the
atau mengalihkan liabilitas akan terjadi: asset or transfer the liability takes place either:
• di pasar utama untuk aset atau liabilitas • in the principal market for the asset or
tersebut atau; liability or;
• jika tidak terdapat pasar utama, di pasar • in the absence of a principal market, in the
yang paling menguntungkan untuk aset most advantageous market for the asset
atau liabilitas tersebut. or liability.
Grup harus memiliki akses ke pasar utama The Group must have access to the principal
atau pasar yang paling menguntungkan pada or the most advantageous market at the
tanggal pengukuran. measurement date.
Nilai wajar aset atau liabilitas diukur The fair value of an asset or a liability is
menggunakan asumsi yang akan digunakan measured using the assumptions that market
pelaku pasar ketika menentukan harga aset participants would use when pricing the asset
atau liabilitas tersebut, dengan asumsi bahwa or liability, assuming that market participants
pelaku pasar bertindak dalam kepentingan act in their economic best interest.
ekonomi terbaiknya.
Pengukuran nilai wajar aset non-keuangan A fair value measurement of a non-financial
memperhitungkan kemampuan pelaku pasar asset takes into account a market participant’s
untuk menghasilkan manfaat ekonomik ability to generate economic benefits by using
dengan menggunakan aset dalam the asset in its highest and best use or by
penggunaan tertinggi dan terbaiknya, atau selling it to another market participant that
dengan menjualnya kepada pelaku pasar lain would use the asset in its highest and best
yang akan menggunakan aset tersebut dalam use.
penggunaan tertinggi dan terbaiknya.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Ketika Grup menggunakan teknik penilaian, When the Group uses valuation techniques, it
maka Grup memaksimalkan penggunaan input maximizes the use of relevant observable
yang dapat diobservasi yang relevan dan inputs and minimizing the use of unobservable
meminimalkan penggunaan input yang tidak inputs.
dapat diobservasi.
Seluruh aset dan liabilitas yang mana nilai All assets and liabilities for which fair value is
wajar aset atau liabilitas tersebut diukur atau measured or disclosed in the financial
diungkapkan, dikategorikan dalam hierarki nilai statements are categorized within the fair
wajar sebagai berikut: value hierarchy as follows:
• Level 1 - harga kuotasian (tanpa • Level 1 - quoted (unadjusted) market
penyesuaian) di pasar aktif untuk aset prices in active markets for identical
atau liabilitas yang identik; assets or liabilities;
• Level 2 - teknik penilaian dimana level • Level 2 - valuation techniques for which
input terendah yang signifikan terhadap the lowest level input that is significant to
pengukuran nilai wajar dapat diobservasi, the fair value measurement is directly or
baik secara langsung maupun tidak indirectly observable;
langsung;
• Level 3 - teknik penilaian dimana level • Level 3 - valuation techniques for which
input terendah yang signifikan terhadap the lowest level input that is significant to
pengukuran nilai wajar tidak dapat the fair value measurement is
diobservasi. unobservable.
Untuk aset dan liabilitas yang diukur pada nilai For assets and liabilities that are recognised in
wajar secara berulang dalam laporan the consolidated financial statements on a
keuangan konsolidasian, maka Grup recurring basis, the Group determines whether
menentukan apakah telah terjadi transfer di there are transfers between levels in the
antara level hierarki dengan menilai kembali hierarchy by re-assessing categorization at
pengkategorian level nilai wajar pada setiap the end of each reporting period.
akhir periode pelaporan.
i. Efek-efek i. Securities
Efek-efek yang dimiliki terdiri dari Sertifikat Securities consist of SBI, Bank Indonesia
Bank Indonesia, Sertifikat Deposito Bank Deposit Certificates, bonds, mutual funds,
Indonesia, obligasi, Reksadana, surat utang medium-term debt securities, export bills, and
jangka menengah, tagihan wesel ekspor, dan other money market and capital market
efek-efek pasar uang dan pasar modal lainnya. securities. Securities are presented as short
Efek-efek disajikan dalam akun “Investasi term investments.
jangka pendek”.
Obligasi terdiri dari Obligasi Pemerintah dan Bonds consist of Government Bonds and
Obligasi Korporasi yang dibeli dari pasar. Corporate Bonds purchased from the market.
Investasi Sukuk Investment in Sukuk
Investasi sukuk yang diukur pada biaya Investment in sukuk is initially measured at
perolehan pada awalnya diakui sebesar biaya cost, including transaction costs. The
perolehan, termasuk biaya transaksi. Selisih difference between the acquisition cost and the
antara biaya perolehan dan nilai nominal nominal value is amortized on a straight-line
diamortisasi secara garis lurus selama jangka basis over the term of the sukuk. If indication
waktu sukuk dan diakui dalam laba rugi. Rugi of impairment exists then the amount of
penurunan nilai diakui dalam laba rugi apabila impairment loss is measured as the difference
jumlah terpulihkan lebih kecil daripada jumlah between the recoverable amount of sukuk and
tercatat. its carrying value.
Investasi sukuk yang diukur pada nilai wajar Investment in sukuk measured at fair value
melalui laba rugi pada awalnya diakui sebesar through profit or loss are initially recognised at
biaya perolehan, tidak termasuk biaya cost, excluding transaction costs. After initial
transaksi. Setelah pengakuan awal, selisih recognition, the difference between the fair
antara nilai wajar dan jumlah tercatat diakui value and the carrying amount is recognised in
dalam laba rugi. profit or loss.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Investasi sukuk yang diukur pada nilai wajar Investment in sukuk measured at fair value
melalui penghasilan komprehensif lain pada through other comprehensive income are
awalnya diakui sebesar biaya perolehan, initially recognised at cost, including
termasuk biaya transaksi. Setelah pengakuan transaction costs. After initial recognition, the
awal, selisih antara biaya perolehan dan nilai difference between the acquisition cost and
nominal diamortisasi secara garis lurus selama nominal value is amortized on straight-line
jangka waktu sukuk dan diakui dalam laba basis over the term of the sukuk and
rugi. Keuntungan atau kerugian dari recognised in profit or loss. Gains or losses
perubahan nilai wajar diakui dalam from changes in fair value is recognised in
penghasilan komprehensif lain. Ketika other comprehensive income. When the
investasi sukuk dihentikan pengakuannya, investments in sukuk are derecognised, the
akumulasi keuntungan atau kerugian yang cumulative gain or loss previously recognised
sebelumnya diakui dalam penghasilan in other comprehensive income is reclassified
komprehensif lain direklasifikasi ke laba rugi to profit or loss as a reclassification
sebagai penyesuaian reklasifikasi. Rugi adjustment. An impairment loss is recognised
penurunan nilai diakui dalam laba rugi apabila in profit or loss when the recoverable amount
jumlah terpulihkan lebih kecil daripada jumlah is less than the carrying amount, after taking
tercatat, setelah memperhitungkan saldo into account the balance in other
dalam penghasilan komprehensif lain. comprehensive income.
j. Efek yang Dibeli dengan Janji Jual Kembali j. Securities Purchased Under Agreements to
dan Efek yang Dijual dengan Janji Beli Resell and Securities Sold Under
Kembali Agreements to Repurchase
Efek yang Dibeli dengan Janji Jual Kembali Securities Purchased Under Agreements to
(Reverse Repo) Resell (Reverse Repo)
Efek yang dibeli dengan janji dijual kembali Securities purchased under resale agreements
(reverse repo) disajikan sebagai tagihan (reverse repo) are presented as receivables at
sebesar harga jual kembali yang disepakati the agreed resale price net of the difference
dikurangi dengan selisih antara harga beli dan between the purchase price and agreed resale
harga jual kembali yang disepakati price (unearned interest income) and
(pendapatan bunga yang ditangguhkan) dan allowance for impairment losses. The
cadangan kerugian penurunan nilai. Selisih difference between the purchase price and the
antara harga beli dan harga jual kembali yang agreed resale price are amortised using
disepakati tersebut diamortisasi dengan effective interest rate as interest income over
menggunakan suku bunga efektif sebagai the period, commencing from the acquisition
pendapatan bunga selama jangka waktu sejak date to the resale date.
efek itu dibeli hingga saat dijual kembali.
Efek yang Dijual dengan Janji Beli Kembali Securities Sold Under Agreements to
(Repo) Repurchase (Repo)
Efek yang dijual dengan janji beli kembali Securities sold under agreements to
(repo) diakui sebagai liabilitas sebesar harga repurchase (repo) are recognised as liabilities
pembelian kembali yang disepakati dengan at the repurchase price agreed with the
nasabah dikurangi beban bunga yang belum customer less unamortized interest expense.
diamortisasi. Selisih antara harga jual dan The difference between the selling price and
harga beli kembali diperlakukan sebagai the repurchase price is treated as prepaid
bunga dibayar dimuka dan diakui sebagai interest expense and recognised as interest
beban bunga sesuai dengan jangka waktu expense over the period from the sale of
sejak efek dijual hingga dibeli kembali. Efek securities until it is repurchased. Securities
yang dijual tetap dicatat sebagai aset dalam sold are recorded as assets in statements of
laporan posisi keuangan karena kepemilikan financial position since the ownership of the
efek tetap berada pada pihak Perusahaan securities remains with the Company as the
sebagai penjual. seller.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
k. Piutang Pembiayaan Multiguna k. Multipurpose Financing Receivables
Pembiayaan multiguna adalah kegiatan Multipurpose financing is financing activity for
pembiayaan untuk pengadaan barang procurement of goods based on the needs of
berdasarkan kebutuhan konsumen dengan consumer with payment by installments.
pembayaran secara angsuran.
Sehubungan dengan pembiayaan bersama In relation to joint multipurpose financing
dan penerusan kredit dengan pihak lain, transactions and channeling of multipurpose
kewajiban Grup adalah melakukan penagihan financing receivables with other parties, the
dan administrasi dari piutang-piutang yang Group’s responsibility is to collect and
dialihkan. Selisih antara suku bunga yang administer the transferred multipurpose
dibebankan Grup kepada nasabah dengan financing receivables. The difference between
suku bunga yang ditetapkan oleh investor the interest charged to the customers by the
merupakan pendapatan bagi Grup dan Group and the interest charged by the
dikreditkan langsung dalam akun “Pendapatan investors is recognised as income by the
pembiayaan multiguna” pada laba rugi. Group and directly credited to the
“Multipurpose financing income” account in the
profit or loss.
Apabila pembiayaan bersama dan penerusan In joint financing and credit channeling
kredit dilakukan secara with recourse, Grup transactions on a with recourse basis, the
akan membukukan aset dan liabilitas dari Group recognizes assets or liabilities in its
transaksi tersebut. Namun apabila dilakukan books. In joint financing and credit channeling
secara without recourse, aset dari transaksi transactions on a without recourse basis, the
tersebut akan disajikan secara bersih di assets are presented at net amounts in the
laporan posisi keuangan konsolidasian. consolidated statements of financial position.
Piutang dinyatakan tidak tertagih apabila Receivables are deemed uncollectible if the
debitur sudah tidak mampu membayar dan debtors are unable to pay and, and have been
atau sulit untuk ditagih, serta telah menunggak delinquent for more than 90 days for the
lebih dari 90 hari untuk pembiayaan motor dan financing of the motor vehicle and 120 days for
120 hari untuk pembiayaan mobil. car financing.
Grup melakukan penarikan jaminan atas The Group repossesses the collateral – vehicle
kendaraan apabila setelah dikeluarkannya if the consumers had not made payments
Surat Peringatan (SP) sebanyak 2 kali dan despite issuance of two collection letters.
konsumen tidak melakukan pembayaran. When the collateral-vehicle has been
Ketika jaminan kendaraan ditarik dari repossessed from the consumers, the
konsumen, piutang pembiayaan multiguna consumer financing receivables are written off.
dihapuskan.
Ketika suatu piutang tidak tertagih, piutang When the receivables are uncollectible, those
tersebut dihapus buku dengan menjurnal balik are written-off by reversing the allowance for
cadangan kerugian penurunan nilai. Piutang impairment loss. Receivables are written-off
tersebut dapat dihapus buku setelah semua after all the necessary procedures have been
prosedur yang diperlukan telah dilakukan dan conducted and the amount of the loss has
jumlah kerugian telah ditentukan. Penerimaan been determined. Recoveries on receivables
kembali atas piutang yang telah written off in the current period or in prior
dihapusbukukan pada periode berjalan periods are credited to allowance for
ataupun periode yang telah lalu, dikreditkan impairment losses.
pada akun cadangan kerugian penurunan nilai.
l. Transaksi Sewa l. Lease Transactions
Grup menerapkan PSAK No. 116 yang The Group has applied SFAS No. 116, which
mensyaratkan pengakuan liabilitas sewa set the requirement for the recognition of lease
sehubungan dengan sewa yang sebelumnya liabilities in relation to leases which had been
diklasifikasikan sebagai ‘sewa operasi’. previously classified as operating lease.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Sebagai penyewa As Lessee
Pada tanggal permulaan kontrak, Grup menilai At the inception of a contract, the Group
apakah kontrak merupakan, atau assesses whether the contract is, or contains,
mengandung, sewa. Suatu kontrak merupakan a lease. A contract is or contains a lease if the
atau mengandung sewa jika kontrak tersebut contract conveys the right to control the use of
memberikan hak untuk mengendalikan an identified assets for a period of time in
penggunaan aset identifikasian selama suatu exchange for consideration.
jangka waktu untuk dipertukarkan dengan
imbalan.
Untuk menilai apakah kontrak memberikan hak To assess whether a contract conveys the
untuk mengendalikan penggunaan aset right to control the use of an identified asset,
identifikasian, Grup harus menilai apakah: the Group shall assesses whether:
- Grup memiliki hak untuk mendapatkan - The Group has the right to obtain
secara substansial seluruh manfaat substantially all the economic benefits
ekonomi dari penggunaan aset from use of the asset throughout the
identifikasian; dan period of use; and
- Grup memiliki hak untuk mengarahkan - The Group has the right to direct the use
penggunaan aset identifikasian. Grup of the asset. The Group has this right
memiliki hak ini ketika Grup memiliki hak when it has the decision-making rights
untuk pengambilan keputusan yang that are the most relevant to changing
relevan tentang bagaimana dan untuk how and for what purpose the asset is
tujuan apa aset digunakan telah used are predetermined:
ditentukan sebelumnya dan:
1. Grup memiliki hak untuk 1. The Group has the right to operate
mengoperasikan aset; the asset;
2. Grup telah mendesain aset dengan 2. The Group has designed the asset in
cara menetapkan sebelumnya a way that predetermined how and for
bagaimana dan untuk tujuan apa aset what purpose it will be used.
akan digunakan selama periode
penggunaan.
Pada tanggal awal dimulainya kontrak atau At the inception or on reassessment of a
pada tanggal penilaian kembali atas kontrak contract that contains a lease component, the
yang mengandung sebuah komponen sewa, Group allocates the consideration in the
Grup mengalokasikan imbalan dalam kontrak contract to each lease component on the basis
ke masing-masing komponen sewa of their relative stand-alone prices and the
berdasarkan harga tersendiri relatif dari aggregate stand-alone price of the non-lease
komponen sewa dan harga tersendiri agregat components.
dari komponen nonsewa.
Pada tanggal permulaan sewa, Grup The Group recognizes a right-of-use assets
mengakui aset hak-guna dan liabilitas sewa. and a lease liability at the lease
Kecuali sewa jangka pendek dan sewa aset commencement date. Except for short term
pendanaan yang bernilai rendah. Aset hak- leases and leases of low value assets. The
guna diukur pada biaya perolehan, dimana right of-use assets are initially measured at
meliputi jumlah pengukuran awal liabilitas cost, which comprises the initial amount of the
sewa yang disesuaikan dengan pembayaran lease liability adjusted for any lease payment
sewa yang dilakukan pada atau sebelum made at or before the commencement date.
tanggal permulaan.
Aset hak-guna kemudian disusutkan The right-of-use assets are subsequently
menggunakan metode garis lurus dari tanggal depreciated using the straight-line method
permulaan hingga tanggal yang lebih awal from the commencement date to the earlier of
antara akhir umur manfaat aset hak-guna atau the end of the useful life of the right-of-use
akhir masa sewa. assets or the end of the lease term.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Liabilitas sewa diukur pada nilai kini The lease liability is initially measured at the
pembayaran sewa yang belum dibayar pada present value of the lease payments that are
tanggal permulaan, didiskontokan dengan not paid at the commencement date,
menggunakan suku bunga implisit dalam sewa discounted using the interest rate implicit in the
atau jika suku bunga tersebut tidak dapat lease or, if that rate cannot be readily
ditentukan, maka menggunakan suku bunga determined, using incremental borrowing rate.
pinjaman inkremental. Pada umumnya, Grup Generally, the Group uses its incremental
menggunakan suku bunga pinjaman borrowing rate as the discount rate.
inkremental sebagai tingkat bunga diskonto.
Pembayaran sewa yang termasuk dalam Lease payments included in the measurement
pengukuran liabilitas sewa meliputi of the lease liability comprise the following:
pembayaran berikut ini:
- pembayaran tetap, termasuk pembayaran - fixed payments, including in-substance
tetap secara substansi; fixed payments;
- pembayaran sewa variabel yang - variable lease payments that depend on
bergantung pada indeks atau suku bunga an index or a rate, initially measured using
yang pada awalnya diukur dengan the index or rate as at the commencement
menggunakan indeks atau suku bunga date;
pada tanggal permulaan;
- jumlah yang diperkirakan akan dibayarkan - amounts expected to be payable under a
oleh penyewa dengan jaminan nilai residual value guarantee;
residual;
- harga eksekusi opsi beli jika Grup cukup - the exercise price under a purchase
pasti untuk mengeksekusi opsi tersebut; option that the Group is reasonably
dan certain to exercise; and
- penalti karena penghentian awal sewa - penalties for early termination of a lease
kecuali jika Grup cukup pasti untuk tidak unless the Group is reasonably certain not
menghentikan lebih awal. to terminate early.
Pembayaran sewa dialokasikan menjadi Each lease payment is allocated between the
bagian pokok dan biaya keuangan. Biaya liability and finance cost. The finance cost is
keuangan dibebankan pada laba rugi selama charged to profit or loss over the lease period
periode sewa sehingga menghasilkan tingkat so as to produce a constant periodic rate of
suku bunga periodik yang konstan atas saldo interest on the remaining balance of the liability
liabilitas untuk setiap periode. for each period.
Sebagai pesewa As Lessor
Ketika Grup bertindak sebagai pesewa, Grup When the Group acts as a lessor, it shall
mengklasifikasi masing-masing sewanya baik classify each of its leases as either an
sewa operasi atau sewa pembiayaan. operating lease or a finance lease.
Untuk mengklasifikasi masing-masing sewa, To classify each lease, the Group makes an
Grup membuat penilaian secara keseluruhan overall assessment of whether the lease
atas apakah sewa mengalihkan secara transfers substantially all of the risks and
substansial seluruh risiko dan manfaat yang rewards incidental to ownership of the
terkait dengan kepemilikan aset pendasar. Jika underlying asset. If this is the case, then the
penilaian membuktikan hal tersebut, maka lease is classified as a finance lease; if not,
sewa diklasifikasikan sebagai sewa then it is an operating lease. As part of this
pembiayaan; jika tidak maka, merupakan sewa assessment, the Group considers certain
operasi. Sebagai bagian dari penilaian ini, indicators such as whether the lease term is
Grup mempertimbangkan beberapa indikator for the major part of the economic life of the
seperti apakah masa sewa adalah sebagian underlying asset.
besar dari umur ekonomik aset pendasar.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
m. Piutang Sewa Pembiayaan m. Finance Leases Receivables
Piutang Sewa pembiayaan adalah kegiatan Finance lease receivables is a financing
pembiayaan dalam bentuk penyediaan barang activity in the form of providing goods by a
oleh perusahaan pembiayaan untuk digunakan financing company for use by a debtor for a
debitur selama jangka waktu tertentu, yang certain period of time, which transfers
mengalihkan secara substansial manfaat dan substantially the benefits and risks of the items
risiko atas barang yang dibiayai. being financed.
Jumlah yang terutang dari lessee dalam sewa Amount due from lessees under finance leases
pembiayaan dicatat sebesar jumlah piutang are recorded at the amount of the finance
sewa pembiayaan. Piutang sewa pembiayaan lease receivable. Finance lease receivable
terdiri dari jumlah piutang sewa ditambah nilai consist of the total lease receivables plus the
residu yang dijamin (harga opsi) yang akan guaranteed residual value (option price) to be
diterima pada akhir masa sewa, dikurangi received at the end of the lease period, less
penghasilan pembiayaan tangguhan, unearned lease income, security deposits, and
simpanan jaminan, dan cadangan kerugian allowance for impairment losses.
penurunan nilai.
Selisih antara piutang sewa pembiayaan The difference between the finance lease
ditambah nilai residu yang dijamin dengan receivables plus the guaranteed residual value
biaya perolehan aset sewaan dicatat sebagai and the acquisition cost of the leased assets is
penghasilan pembiayaan tangguhan dan recorded as unearned lease income. This is
dialokasikan sebagai pendapatan selama recognised as finance lease income over the
masa sewa berdasarkan suatu tingkat lease period at a periodic rate of return on the
pengembalian berkala yang tetap dari piutang finance lease receivables. The Group does not
sewa pembiayaan. Perusahaan tidak recognize interest income from finance lease
mengakui pendapatan bunga dari piutang receivables which are overdue for more than
sewa pembiayaan yang telah menunggak 90 days. Such interest income is recognised
pembayaran lebih dari 90 hari. Pendapatan as income when already received.
tersebut diakui pada saat pendapatan tersebut
diterima.
Pada awal masa sewa, apabila aset sewaan At the inception of the lease, if the leased
memiliki nilai residu pada akhir periode sewa, asset has residual value at the end of the
lessee diwajibkan untuk memberikan lease period, the lessee is required to make a
simpanan jaminan yang akan diperhitungkan security deposit which will be applied as
dengan nilai aset sewa pada akhir masa payment to the purchase option price of the
sewaan, bila hak opsi dilaksanakan lessee. leased asset at the end of the lease period if
Apabila hak opsi tidak dilaksanakan, simpanan the option to purchase is exercised by the
jaminan tersebut akan dikembalikan kepada lessee. Otherwise, the security deposit will be
lessee. returned to the lessee at the end of the lease
period.
Apabila aset sewaan dijual kepada lessee If the lease assets are sold to the lessee
sebelum masa sewa berakhir, maka before the end of the lessee before the end of
perbedaan harga jual dengan investasi neto the lease period, the difference between the
pembiayaan dicatat sebagai keuntungan atau sales price and the finance lease receivable is
kerugian pada saat terjadinya. recorded as gain or loss at the time of sale.
n. Pembiayaan Modal Kerja dengan Skema n. Working Capital Financing with Factoring
Anjak Piutang Scheme receivables
Pembiayaan modal kerja skema anjak piutang Working capital financing through the accounts
adalah pembiayaan untuk pembiayaan modal receivable factoring scheme is a form of
usaha dengan jangka waktu 1 sampai 2 tahun. business capital financing with a duration of 1
to 2 years.
Piutang pembiayaan modal kerja skema anjak Working capital financing with factoring
piutang dihapusbukukan dengan mendebit scheme receivables are written off through
cadangan kerugian penurunan nilai pada saat allowance for impairment losses when
manajemen berpendapat bahwa konsumen management believes that the accounts
tersebut harus dihapuskan karena secara should be written off because the consumers
operasional konsumen sudah tidak mampu are unable to pay or difficult to be collected.
membayar atau sulit untuk ditagih.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
o. Kredit Diberikan dan Piutang/Pembiayaan o. Loan and Receivables/Sharia Financing
Syariah
Kredit diberikan adalah penyediaan uang atau Loans represent provision of cash or cash
tagihan yang dapat disetarakan dengan kas, equivalents based on agreements with
berdasarkan persetujuan atau kesepakatan borrowers, where borrowers required to repay
pinjam-meminjam dengan debitur yang their debts with interest after specified periods.
mewajibkan debitur untuk melunasi utang
berikut bunganya setelah jangka waktu
tertentu.
Termasuk dalam kredit yang diberikan adalah Loans include sharia financing which consist of
pembiayaan syariah yang terdiri dari piutang murabahah receivables, qardh receivables,
murabahah, piutang qardh, pembiayaan musyarakah financing, mudharabah financing
musyarakah, pembiayaan mudharabah dan and ijarah receivables.
piutang ijarah.
Murabahah adalah akad jual beli barang Murabahah is an agreement for the sale and
dengan harga jual sebesar biaya perolehan purchase of goods with sales price equivalent
ditambah keuntungan (marjin) yang disepakati to cost plus agreed margin, and the seller
dan penjual harus mengungkapan biaya should inform the purchased cost to buyer.
perolehan barang tersebut kepada pembeli.
Qardh adalah akad pinjam meminjam dana Qardh is a loan/borrowing funds without profit
tanpa imbalan dengan liabilitas pihak wherein the borrower return the principal of the
peminjam mengembalikan pokok pinjaman loan at lump sum or on installment over certain
secara sekaligus atau cicilan dalam jangka period.
waktu tertentu.
Musyarakah adalah akad kerjasama antara Musyarakah is an agreement between
dua pihak atau lebih untuk suatu usaha investors (musyarakah partners) to have a
tertentu, dimana masing-masing pihak join-venture in a partnership, at an agreed
memberikan kontribusi dana dengan ketentuan nisbah sharing portion, while losses will be
bahwa keuntungan dibagi berdasarkan proportionately distributed based on the capital
kesepakatan sedangkan kerugian berdasarkan contribution. These funds including cash or
porsi kontribusi dana. Dana tersebut meliputi non-cash assets which are allowed by sharia.
kas atau aset nonkas yang diperkenankan
oleh syariah.
Mudharabah adalah akad kerjasama usaha Mudharabah is an agreement between the
antara bank sebagai pemilik dana (shahibul bank as an owner of funds (shahibul maal) and
maal) dan nasabah selaku pengelola dana customer as a fund manager (mudharib) to run
(mudharib), menjalankan usaha dengan a business with pre-defined terms of (nisbah)
penentuan awal keuntungan dan kerugian gain or loss. Ijarah is a lease agreement
(nisbah). Ijarah adalah akad sewa-menyewa between the lessor (lease object) and lessee
antara pemilik (objek sewa) dan penyewa to get margin from leased object.
untuk mendapatkan imbalan atas objek sewa
yang disewakannya.
Pembiayaan syariah dengan akad murabahah Sharia financing with murabahah contract is
disajikan sebesar jumlah pembiayaan presented at the financing amount less
dikurangi cadangan kerugian penurunan nilai allowance for impairment losses in accordance
sesuai dengan PSAK No. 402 (Amandemen with SFAS No. 402 (Amendment 2019).
2019).
Ketika kredit yang diberikan tidak tertagih, For uncollected loans, the loans are written off
kredit tersebut dihapus buku dengan menjurnal by reversing the journal of allowance for
balik cadangan kerugian penurunan nilai. impairment losses. Such loans can be written-
Kredit yang diberikan tersebut dapat dihapus off after all the necessary procedures have
buku setelah semua prosedur yang diperlukan been performed and the amount of the loss
telah dilakukan dan jumlah kerugian telah has been determined.
ditentukan.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Kriteria debitur yang dapat dihapusbukukan Criteria of the debtor that can be written off
meliputi: include:
1. Fasilitas kredit telah mengalami 1. The credit facilities have been impaired;
penurunan nilai;
2. Fasilitas kredit telah dibentuk cadangan 2. The credit facility has been provided with
kerugian penurunan nilai sebesar 100% allowance for impairment losses
dari pokok kredit; amounting to 100% of the loan principal;
3. Telah dilakukan berbagai upaya 3. Efforts for billing and recovery have been
penagihan dan pemulihan, namun tidak made, but to no avail;
berhasil;
4. Usaha debitur sudah tidak mempunyai 4. The debtor’s business has no longer has
prospek atau kinerja debitur buruk atau prospects or has poor performance or no
tidak ada kemampuan membayar; ability to pay;
5. Hapus buku dilakukan terhadap semua 5. The write–off are perfomed for all loan
kewajiban kredit, termasuk dari fasilitas obligations, including those from noncash
pinjaman nontunai sehingga penghapusan loan facility so that the write-offs can not
tidak dapat dilakukan pada beberapa be done on some of its loan obligations
kewajiban kreditnya (penghapusan (partial write-off);
sebagian).
Apabila aset yang dijaminkan diambil alih, If the assets pledged as collateral are
maka entitas anak akan menjurnal balik foreclosed, then the subsidiary should reverse
cadangan kerugian penurunan nilai dan the allowance for impairment losses and
mengakui agunan yang diambil alih yang recognize foreclosed properties that are
diukur pada nilai yang lebih rendah antara nilai measured at the lower of carrying amount and
tercatat dan nilai wajar setelah dikurangi biaya fair value less costs to sell.
untuk menjual.
Ketika terjadi penerimaan kembali kredit yang When there is a collection from previous write-
dihapus buku, entitas anak mencatat off loan, the subsidiary records this recovery
penerimaan kembali tersebut dengan as a credit to recovery of impairment losses on
mengkreditkan pemulihan kerugian penurunan financial assets.
nilai aset keuangan.
Restrukturisasi kredit meliputi modifikasi Loan restructuring may involve a modification
persyaratan kredit, konversi kredit menjadi of the terms of the loans, conversion of loans
saham atau instrumen keuangan lainnya into equity or other financial instruments and/or
dan/atau kombinasi dari keduanya. Dalam a combination of both. In restructuring credit
restrukturisasi kredit yang mengkonversi kredit that converted credit become shares, the
menjadi saham, entitas anak memperoleh subsidiary obtains participation of temporary
penyertaan modal sementara. Dengan investment. In accordance with Bank
mengacu pada PBI No. 15/11/PBI/2013 Indonesia Regulation (PBI) No. 15/11/PBI/
tentang Prinsip Kehati-hatian dalam Kegiatan 2013 on the Precautionary Principle Capital
Penyertaan Modal, pelepasan atau divestasi Investment Activity, release or divestment to
atas penyertaan modal sementara wajib participation of temporary investment is
dilakukan apabila penyertaan modal mandatory if the participation of temporary
sementara telah melebihi jangka waktu paling investment has exceeded the maximum period
lama 5 (lima) tahun atau perusahaan tempat of 5 (five) years or the company where
penyertaan modal sementara telah investment of temporary investment have
memperoleh laba kumulatif. obtained a cumulative profit.
Kredit yang direstrukturisasi disajikan sebesar Restructured loans are stated at the lower of
nilai yang lebih rendah antara nilai tercatat carrying value of the loan at the time of
kredit pada tanggal restrukturisasi atau nilai restructuring or net present value of the total
tunai penerimaan kas masa depan setelah future cash receipts after restructuring. Losses
restrukturisasi. Kerugian akibat selisih antara arising from any excess of the carrying value
nilai tercatat kredit pada tanggal restrukturisasi of the loan at the time of restructuring over the
dengan nilai tunai penerimaan kas masa net present value of the total future cash
depan setelah restrukturisasi diakui sebagai receipts after restructuring are recognised as
laba/rugi. Setelah restrukturisasi, semua profit/loss. Thereafter, all cash receipts under
penerimaan kas masa depan yang ditetapkan the new terms shall be accounted for as a
dalam persyaratan baru dicatat sebagai return of principal and interest income, in
pengembalian pokok kredit yang diberikan dan accordance with the restructuring scheme.
pendapatan bunga sesuai dengan syarat-
syarat restrukturisasi.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
p. Tagihan dan liabilitas akseptasi p. Acceptances receivable and payable
Tagihan akseptasi diklasifiaksi sebagai aset Acceptance receivables are classified as
keuangan dalam kelompok biaya perolehan financial assets measured at amortized cost.
diamortisasi. Liabilitas akseptasi Acceptance liabilities are classified financial
diklasifikasikan sebagai liabilitas keuangan liabiltiies measured at amortized cost. Refer to
yang diukur dengan biaya perolehan Note 2g for the accounting policies of financial
dimortisasi. Lihat catatan 2g untuk kebijakan assets and liabilities.
akuntansi atas asset dan liabilitas keuangan.
q. Aset Ijarah q. Ijarah Assets
Aset ijarah, yakni kendaraan bermotor, mesin, Ijarah assets, such as motorcycle, machinery,
alat berat dan piranti lunak, disusutkan atau heavy equipment and software are depreciated
diamortisasi sesuai dengan jangka waktu sewa or amortized over the lease term or the
atau umur ekonomis aset, mana yang lebih economic lives of assets, whichever is shorter,
pendek, dimana pada akhir masa akad, aset where at the end of the contract period, these
tersebut akan dihibahkan ke penyewa. assets are given to lessee.
Untuk akad ijarah muntahiyah bitamlik (sewa For the ijarah muntahiyah bitamlik contracts
pembiayaan), apabila pada saat perpindahan (lease financing), if at the time of transfer of
kepemilikan aset ijarah dari pemilik kepada ownership of the asset from the owner to the
penyewa dilakukan dengan cara hibah, maka lessee by grant, then the carrying amount is
jumlah tercatat aset ijarah diakui sebagai recognised as an ijarah asset expense.
beban.
Pendapatan sewa selama masa akad diakui Lease income during lease term is recognised
pada saat manfaat atas aset telah diserahkan when the benefits of assets have been handed
kepada penyewa. over to the lessee.
Pendapatan ijarah disajikan secara neto Ijarah income is presented net of related
setelah dikurangi beban yang terkait yakni expenses such as, depreciation, maintenance
penyusutan dan pemeliharaan serta and repairs expenses. Ijarah net income is
perbaikan. Pendapatan ijarah neto disajikan presented as part of "interest and profit sharing
sebagai bagian dari “pendapatan bunga dan income" in profit or loss.
bagi hasil” dalam laba rugi.
r. Transaksi Efek r. Securities Transactions
Transaksi pembelian dan penjualan efek baik Purchase and sale transactions of securities
untuk nasabah maupun untuk portofolio efek both for customers and the Group’s portfolio
Grup, diakui pada saat timbulnya perikatan are recognised once those securities
atas transaksi efek tersebut (tanggal transactions have been agreed to on
transaksi). transaction date.
Pembelian efek untuk nasabah dicatat sebagai Purchases of securities for the interest of
piutang nasabah dan utang kepada PT Kliring customers are recorded as receivables from
Penjaminan Efek Indonesia (KPEI), sedangkan customers and payable to PT Kliring
penjualan efek dicatat sebagai piutang dari Penjaminan Efek Indonesia (KPEI), while sales
KPEI dan utang nasabah. of such securities are recorded as receivables
from KPEI and payables to customers.
Pada tanggal penyelesaian, kegagalan untuk On the settlement date, failure in the
menyelesaikan transaksi pembelian efek settlement of securities purchased is recorded
dicatat sebagai gagal terima dan disajikan di as failure to receive account and presented in
laporan posisi keuangan konsolidasian the consolidated statements of financial
sebagai liabilitas, sedangkan kegagalan untuk position as a liability, while failure in settlement
menyelesaikan transaksi penjualan efek of securities sold is recorded as failure to
dicatat sebagai gagal serah dan disajikan deliver account and is presented in the
sebagai aset. consolidated statements of financial position
as an asset.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Penerimaan dana dari nasabah pemilik Funds received from the customers in
rekening dalam rangka pembelian efek, connection with the securities purchased for
pembayaran dan penerimaan atas transaksi their accounts, and payments and receipts
pembelian dan penjualan efek untuk nasabah related to purchases and sales of securities on
pemilik rekening dicatat sebagai rekening behalf of the customers are recorded as
nasabah. Saldo dana pada rekening nasabah customers’ accounts. The remaining positive
disajikan di laporan posisi keuangan fund balance on customers’ accounts is
konsolidasian sebagai liabilitas, sedangkan presented in the consolidated statements of
kekurangan dana pada rekening nasabah financial position as a liability, while receivable
disajikan sebagai aset. balances are presented as an asset.
s. Investasi pada Entitas Asosiasi s. Investments in Associates
Hasil usaha dan aset dan liabilitas entitas The results and assets and liabilities of
asosiasi dicatat dalam laporan keuangan associates are incorporated in these
konsolidasian menggunakan metode ekuitas. consolidated financial statements using the
equity method of accounting.
Dalam metode ekuitas, pengakuan awal Under the equity method, an investment in an
investasi pada entitas asosiasi diakui pada associate is initially recognised in the
laporan posisi keuangan konsolidasian consolidated statement of financial position at
sebesar biaya perolehan dan selanjutnya cost and adjusted there after to recognize the
disesuaikan untuk mengakui bagian Grup atas Group’s share of the profit or loss and other
laba rugi dan penghasilan komprehensif lain comprehensive income of the associate. When
dari entitas asosiasi. Jika bagian Grup atas the Group’s share of losses of an associate
rugi entitas asosiasi adalah sama dengan atau exceeds the Group’s interest in that associate,
melebihi kepentingannya pada entitas the Group discontinues recognizing its share of
asosiasi, maka Grup menghentikan further losses. Additional losses are
pengakuannya atas rugi lebih lanjut. Kerugian recognised only to the extent that the Group
lebih lanjut diakui hanya jika Grup memiliki has incurred legal or constructive obligations
kewajiban konstruktif atau hukum atau or made payments on behalf of the associate.
melakukan pembayaran atas nama entitas
asosiasi.
Investasi pada entitas asosiasi dicatat An investment in an associate is accounted for
menggunakan metode ekuitas sejak tanggal using the equity method from the date on
investasi tersebut memenuhi definisi entitas which the investee becomes an associate. On
asosiasi. Pada saat perolehan investasi, setiap acquisition of the investment in an associate,
selisih lebih antara biaya perolehan investasi any excess of the cost of the investment over
dengan bagian Grup atas nilai wajar neto aset the Group’s share of the net fair value of the
dan liabilitas teridentifikasi dari investee diakui identifiable assets and liabilities of the investee
sebagai goodwill, yang termasuk dalam nilai is recognised as goodwill, which is included
tercatat investasi. Setiap selisih lebih bagian within the carrying amount of the investment.
Grup atas nilai wajar neto aset dan liabilitas Any excess of the Group’s share of the net fair
teridentifikasi terhadap biaya perolehan value of the identifiable assets and liabilities
investasi langsung diakui dalam laba rugi pada over the cost of the investment is recognised
periode perolehan investasi. immediately in profit or loss in the period in
which the investment is acquired.
Pada setiap tanggal pelaporan, Grup The Group determines at each reporting date
menentukan apakah terdapat penurunan nilai whether it is necessary to recognize any
yang harus diakui atas investasi Grup pada impairment loss with respect to the Group’s
entitas asosiasi. investment in an associate.
Ketika entitas dalam Grup melakukan When an entity in the Group transacts with an
transaksi dengan entitas asosiasi milik Grup, associated entity of the Group, gains and
keuntungan atau kerugian yang dihasilkan dari losses resulting from the transactions with the
transaksi tersebut diakui dalam laporan associate are recognised in the Group’s
keuangan konsolidasian Grup hanya sebatas consolidated financial statements only to the
kepentingan para pihak dalam asosiasi yang extent of interests in the associate that are not
tidak terkait dengan Grup. related to the Group.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
t. Properti Investasi t. Investment Properties
Properti investasi diukur sebesar biaya Investment properties are measured at cost,
perolehan, termasuk biaya transaksi, setelah including transaction costs, less accumulated
dikurangi dengan akumulasi penyusutan dan depreciation and any impairment loss. The
kerugian penurunan nilai, jika ada. Jumlah carrying amount includes the cost of replacing
tercatat termasuk biaya penggantian untuk part of an existing investment property at the
bagian tertentu dari properti investasi yang time that cost is incurred if the recognition
telah ada pada saat beban terjadi, jika kriteria criteria are met; and excludes the costs of day-
pengakuan terpenuhi, dan tidak termasuk to-day servicing of an investment property.
biaya perawatan sehari-hari properti investasi. Investment properties in the form of the
Properti investasi berupa bangunan disusutkan building, are depreciated using the straight-line
dengan metode garis lurus (straight-line method at 5% per annum.
method) dengan persentase penyusutan
sebesar 5% per tahun.
Properti investasi dihentikan pengakuannya Investment properties are derecognised
(dikeluarkan dari laporan posisi keuangan (removed from the consolidated statements of
konsolidasian) pada saat pelepasan atau financial position) when either they have been
ketika properti investasi tersebut tidak disposed of or when the investment property is
digunakan lagi secara permanen dan tidak permanently withdrawn from use and no future
memiliki manfaat ekonomis di masa depan economic benefit is expected from its disposal.
yang dapat diharapkan pada saat Any gains or losses on the retirement or
pelepasannya. Keuntungan atau kerugian disposal of an investment property are
yang timbul dari penghentian atau pelepasan recognised in the consolidated statement of
properti investasi diakui dalam laba rugi dalam comprehensive income in the year of
tahun terjadinya penghentian atau pelepasan retirement or disposal.
tersebut.
Transfer ke properti investasi dilakukan jika, Transfers are made to investment properties
dan hanya jika, terdapat perubahan when, and only when, there is a change in use,
penggunaan, yang ditunjukkan dengan evidenced by ending of owner-occupation or
berakhirnya pemakaian oleh pemilik atau commencement of an operating lease to
dimulainya sewa operasi ke pihak lain. another party. Transfers are made from
Transfer dari properti investasi dilakukan jika, investment properties when, and only when,
dan hanya jika, terdapat perubahan there is a change in use, evidenced by
penggunaan, yang ditunjukkan dengan commencement of owner-occupation or
dimulainya penggunaan oleh pemilik atau commencement of development with a view to
dimulainya pengembangan untuk dijual. sale.
u. Aset Tetap u. Property and Equipment
Aset tetap, kecuali tanah dan bangunan, Property and equipment, except land and
dinyatakan berdasarkan biaya perolehan, building are carried at cost, excluding day to
tetapi tidak termasuk biaya perawatan sehari- day servicing, less accumulated depreciation
hari, dikurangi akumulasi penyusutan dan and any impairment in value. Land is not
akumulasi rugi penurunan nilai, jika ada. depreciated and is stated at cost less any
Tanah tidak disusutkan dan dinyatakan impairment in value, if any.
berdasarkan biaya perolehan dikurangi
akumulasi rugi penurunan nilai, jika ada.
Biaya perolehan awal aset tetap meliputi harga The initial cost of property and equipment
perolehan, termasuk bea impor dan pajak consists of its purchase price, including import
pembelian yang tidak boleh dikreditkan dan duties and taxes and any directly attributable
biaya-biaya yang dapat diatribusikan secara costs in bringing the property and equipment to
langsung untuk membawa aset ke lokasi dan its working condition and location for its
kondisi yang diinginkan sesuai dengan tujuan intended use.
penggunaan yang ditetapkan.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Beban-beban yang timbul setelah aset tetap Expenditures incurred after the property and
digunakan, seperti beban perbaikan dan equipment have been put into operations, such
pemeliharaan, dibebankan ke laba rugi pada as repairs and maintenance costs, are
saat terjadinya. Apabila beban-beban tersebut normally charged to operations if these
menimbulkan peningkatan manfaat ekonomis expenditures have resulted in an increase in
di masa datang dari penggunaan aset tetap the future economic benefits expected to be
tersebut yang dapat melebihi kinerja obtained from the use of the property and
normalnya, maka beban-beban tersebut equipment beyond its originally assessed
dikapitalisasi sebagai tambahan biaya standard of performance, the expenditures are
perolehan aset tetap. capitalized as additional costs of property and
equipment.
Seluruh aset tetap, kecuali tanah dan All property and equipment, except for land
bangunan, disusutkan dengan menggunakan and buildings, are depreciated over their
metode saldo menurun berganda (double estimated useful lives using the double-
declining balance method) sesuai dengan declining-balance method. Buildings are
taksiran masa manfaatnya. Bangunan depreciated over their estimated useful lives
disusutkan dengan menggunakan metode using the straight-line method. The
garis lurus (straight-line method) sesuai depreciation rates are as follows:
dengan taksiran masa manfaatnya.
Persentase penyusutan per tahun adalah
sebagai berikut:
Persentase/ Rate
Bangunan: Buildings
• Bangunan 5% • Permanent
• Prasarana 10% • Non-permanent
Aset tetap diluar bangunan: Property and equipment other than buildings:
Golongan I : Dengan masa manfaat tidak Class I : Assets with useful lives of less
lebih dari 4 tahun 50% than 4 years
Golongan II :Dengan masa manfaat lebih Class II : Assets with useful lives of
dari 4 tahun dan tidak lebih dari 8 tahun 25% between 4 to 8 years
Nilai tercatat aset tetap ditelaah kembali dan The carrying values of property and equipment
dilakukan penurunan nilai apabila terdapat are reviewed for impairment when events or
peristiwa atau perubahan kondisi tertentu yang changes in circumstances indicate that the
mengindikasikan nilai tercatat tersebut tidak carrying values may not be recoverable.
dapat dipulihkan sepenuhnya.
Dalam setiap inspeksi yang signifikan, biaya When each major inspection is performed, its
inspeksi diakui dalam jumlah tercatat aset cost is recognised in the carrying amount of
tetap sebagai suatu penggantian apabila the item of property and equipment as a
memenuhi kriteria pengakuan. Biaya inspeksi replacement if the recognition criteria are
signifikan yang dikapitalisasi tersebut satisfied. Such major inspection is capitalized
diamortisasi selama periode sampai dengan and amortized over the next major inspection
saat inspeksi signifikan berikutnya. activity.
Jumlah tercatat aset tetap dihentikan The carrying amount of property and
pengakuannya pada saat dilepaskan atau equipment is derecognised upon disposal or
tidak ada manfaat ekonomis masa depan yang when no future economic benefits are
diharapkan dari penggunaan atau expected from its use or disposal. Any gains or
pelepasannya. Keuntungan atau kerugian loss arising from de-recognition of property
yang timbul dari penghentian pengakuan aset and equipment is included in profit or loss in
tetap diakui dalam laba rugi pada tahun the year the item is derecognised.
terjadinya penghentian pengakuan.
Nilai residu, umur manfaat, serta metode The asset’s residual values, if any, useful lives
penyusutan dan amortisasi ditelaah setiap and depreciation method are reviewed and
akhir tahun dan dilakukan penyesuaian apabila adjusted if appropriate, at each financial year
hasil telaah berbeda dengan estimasi end.
sebelumnya.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Aset Tetap dalam Pembangunan Construction in Progress
Aset tetap dalam pembangunan merupakan Construction in progress represents property
aset tetap dalam tahap konstruksi, yang and equipment under construction which is
dinyatakan pada biaya perolehan dan tidak stated at cost and is not depreciated. The
disusutkan. Akumulasi biaya akan accumulated costs are reclassified to the
direklasifikasi ke akun aset tetap yang respective property and equipment account
bersangkutan dan akan disusutkan pada saat and are depreciated when the construction is
konstruksi selesai secara substansial dan aset substantially complete and the asset is ready
tersebut telah siap digunakan sesuai for its intended use.
tujuannya.
v. Agunan yang Diambil Alih v. Foreclosed Properties
Agunan yang diambil alih diperoleh dalam Foreclosed assets in relation to the settlement
kaitannya dengan penyelesaiannya piutang of financing facilities and loans.
dan kredit yang diberikan.
Agunan yang diambil alih dicatat pada nilai Foreclosed properties are stated at the lower
yang lebih rendah antara nilai tercatat dan nilai of carrying amount and fair value
wajar setelah dikurangi biaya untuk menjual. less costs to sell. The difference between the
Selisih antara nilai agunan yang diambil alih carrying value of the foreclosed properties and
dengan sisa pokok pinjaman yang diberikan, the outstanding loan principal, if any, is
jika ada, dibebankan ke laba rugi. charged to profit or loss.
Selisih antara nilai agunan yang telah diambil The difference between the carrying value of
alih dan hasil penjualannya diakui sebagai the foreclosed property and the proceeds from
keuntungan atau kerugian pada saat penjualan its sale is recognised as a gain or loss in the
agunan. period the property was sold.
Biaya-biaya yang berkaitan dengan The costs of maintenance of foreclosed
pemeliharaan dan perbaikan agunan yang properties are charged to profit or loss when
diambil alih dibebankan ke laba rugi pada saat incurred.
terjadinya.
Bila terjadi penurunan nilai yang bersifat The carrying amount of the property is written-
permanen, maka nilai tercatatnya dikurangi down to recognize a permanent dimunition in
untuk mengakui penurunan tersebut dan value of the foreclosed property, which is
kerugiannya dibebankan pada laba rugi. charged to profit or loss.
Manajemen melakukan evaluasi secara Management evaluates regularly the carrying
berkala atas nilai agunan yang diambil alih. value of foreclosed property. The carrying
Bila terjadi penurunan nilai yang bersifat amount of the property is written-down to
permanen, maka nilai tercatatnya dikurangi recognize a permanent dimunition in value of
untuk mengakui penurunan tersebut dan the foreclosed property, which is charged to
kerugiannya dibebankan pada laba rugi. profit or loss.
w. Biaya Dibayar Dimuka w. Prepaid Expenses
Biaya dibayar dimuka diamortisasi selama Prepaid expenses are amortized over their
manfaat masing-masing biaya dengan beneficial or contract periods using the
menggunakan metode garis lurus. straight-line method.
x. Penurunan Nilai Aset Non-Keuangan x. Impairment of Non-Financial Assets
Pada setiap akhir periode pelaporan tahunan, The Group assesses at each annual reporting
Grup menelaah apakah terdapat indikasi suatu period whether there is an indication that an
aset mengalami penurunan nilai. Jika terdapat asset may be impaired. If any such indication
indikasi tersebut atau pada saat uji tahunan exists, or when annual impairment testing for
penurunan nilai aset perlu dilakukan, maka an asset is required, the Group makes an
Grup membuat estimasi jumlah terpulihkan estimate of the asset’s recoverable amount.
aset tersebut.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Jika nilai tercatat aset lebih besar daripada Where the carrying amount of an asset
nilai terpulihkannya, maka aset tersebut exceeds its recoverable amount, the asset is
dinyatakan mengalami penurunan nilai dan considered impaired and impairment losses
rugi penurunan nilai diakui dalam laba rugi. are recognised in profit or loss. In assessing
Dalam menghitung nilai pakai, estimasi arus the value in use, the estimated net future cash
kas masa depan bersih didiskontokan ke nilai flows are discounted to their present value
kini dengan menggunakan tingkat diskonto using a pre-tax discount rate that reflects
sebelum pajak yang mencerminkan penilaian current market assessments of the time value
pasar kini dari nilai waktu uang dan risiko of money and the risks specific to the asset.
spesifik atas aset.
Penelaahan dilakukan pada akhir setiap An assessment is made at each annual
tanggal pelaporan tahunan untuk mengetahui reporting period as to whether there is any
apakah terdapat indikasi bahwa rugi indication that previously recognised
penurunan nilai aset yang telah diakui dalam impairment losses recognised for an asset
periode sebelumnya mungkin tidak ada lagi may no longer exist or may have decreased. If
atau mungkin telah menurun. Jika indikasi such indication exists, the recoverable amount
dimaksud ditemukan, maka Grup is estimated. A previously recognised
mengestimasi jumlah terpulihkan aset impairment loss for an asset is reversed only if
tersebut. Kerugian penurunan nilai yang telah there has been a change in the assumptions
diakui dalam periode sebelumnya akan used to determine the asset’s recoverable
dipulihkan hanya jika terdapat perubahan amount since the last impairment loss was
asumsi-asumsi yang digunakan untuk recognised. If that is the case, the carrying
menentukan jumlah terpulihkan aset tersebut amount of the asset is increased to its
sejak rugi penurunan nilai terakhir diakui. recoverable amount. The reversal is limited so
Dalam hal ini, jumlah tercatat aset dinaikan ke that the carrying amount of the assets does not
jumlah terpulihkannya. Pembalikan aset exceed its recoverable amount nor exceed the
tersebut dibatasi sehingga jumlah aset tercatat carrying amount that would have been
tidak melebihi jumlah terpulihkannya maupun determined, net of depreciation, had no
nilai tercatat, neto setelah penyusutan, impairment loss been recognised for the asset
seandainya tidak ada rugi penurunan nilai in prior years. After such a reversal, the
yang telah diakui untuk aset tersebut pada depreciation charge on the said asset is
tahun-tahun sebelumnya. Setelah pemulihan adjusted in future periods to allocate the
tersebut, penyusutan aset tersebut asset’s revised carrying amount, less any
disesuaikan di periode mendatang untuk residual value, on a systematic basis over its
mengalokasikan nilai tercatat aset yang remaining useful life.
direvisi, dikurangi nilai sisanya, dengan dasar
yang sistematis selama sisa umur manfaatnya.
y. Simpanan dan Simpanan dari Bank lain y. Deposits and Deposits from Other Banks
Simpanan dan simpanan dari bank lain Deposits and deposits from other banks are
diklasifikasikan sebagai liabilitas keuangan classified as financial liabilities measured at
yang diukur pada biaya perolehan diamortisasi amortized cost using the effective interest
menggunakan metode suku bunga efektif. method. Refer to Note 2g for accounting policy
Lihat Catatan 2g untuk kebijakan akuntansi for measurement of financial instruments.
atas pengukuran instrumen keuangan.
Simpanan merupakan liabilitas kepada Deposits are liabilities to customers in the form
nasabah dalam bentuk giro, tabungan dan of demand deposits, savings deposits and time
deposito berjangka. deposits.
Giro merupakan simpanan nasabah yang Demand deposits represent deposits of
dapat digunakan sebagai alat pembayaran, customers which may be used as instruments
yang penarikannya dapat dilakukan setiap saat of payment, and which may be withdrawn at
melalui cek atau dengan cara any time by checks, or other orders of payment
pemindahbukuan dengan bilyet giro atau or transfers.
sarana perintah pembayaran lainnya.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tabungan merupakan simpanan nasabah Savings deposits represent deposits of
yang penarikannya hanya dapat dilakukan customers which may only be withdrawn when
sesuai dengan syarat tertentu yang disepakati certain agreed conditions at the account
pada saat pembukaan rekening tabungan. opening are met. They may not be withdrawn
Penarikan atas tabungan tidak dapat dilakukan by checks or other equivalent instruments,
dengan menggunakan cek atau instrumen except by using specific withdrawal slip which
sejenis, tetapi menggunakan formulir can only be validated at the depository bank
penarikan tersendiri yang hanya berlaku di and/or by using Automatic Teller Machine
bank yang bersangkutan dan/atau (ATM) card.
menggunakan kartu Anjungan Tunai Mandiri
(ATM).
Deposito berjangka merupakan simpanan Time deposits represent deposits of customers
nasabah yang penarikannya hanya dapat which may only be withdrawn after a certain
dilakukan pada saat jatuh tempo sesuai period of time in accordance with the
dengan jangka waktu yang disepakati dengan agreement with the customers at the time of
nasabah pada saat penempatannya, dimana placement, or the customers will be fined or
nasabah akan dikenakan penalti apabila penalized if withdrawals are made before
melakukan penarikan sebelum tanggal jatuh maturity.
temponya.
Simpanan termasuk simpanan syariah dan Deposits include syariah deposits and
investasi tidak terikat yang terdiri dari: unrestricted investments consisting of:
• Tabungan dan giro wadiah merupakan • Wadiah saving and current account is
titipan dana dalam bentuk tabungan dan entrusted funds in the form of savings and
giro dimana pemilik dana mendapatkan current account where income fund
pendapatan bonus. owners get a bonus.
• Investasi tidak terikat dalam bentuk giro, • Unrestricted investments in current
tabungan dan deposito berjangka accounts, savings and time deposits
mudharabah merupakan simpanan dana represent deposits of customers' funds
pelanggan yang memberikan pemilik dana that provide benefits for the owner of
imbalan bagi hasil dari pendapatan unit funds from Islamic unit revenue for the
syariah atas penggunaan dana tersebut use of these funds in accordance with the
sesuai dengan nisbah yang ditetapkan ratio determined and approved previously.
dan disetujui sebelumnya.
Simpanan dari bank lain merupakan liabilitas Deposits from other banks are liabilities to
kepada bank lain dalam bentuk giro, call other banks in the form of demand deposits,
money kurang dari atau sampai dengan 90 call money less than or 90 days and time
hari, dan deposito berjangka dengan periode deposits with original maturities of each
jatuh tempo menurut perjanjian masing- agreement.
masing.
z. Kontrak Asuransi dan Investasi z. Insurance and Investment Contracts
Lingkup dan Klasifikasi Scope and Classification
Suatu kontrak diklasifikasikan sebagai kontrak A contract is classified as an insurance
asuransi apabila kontrak tersebut menerima contract when it accepts significant insurance
risiko asuransi yang signifikan dari pihak lain risk from another party (the policy holder).
(pemegang polis). Risiko asuransi dianggap Insurance risk is considered significant when
signifikan apabila kejadian yang diasuransikan the occurrence of uncertain insured events
dan bersifat tidak pasti dapat menyebabkan could result in the Group incurring substantial
Grup menanggung pembayaran tambahan additional payments in scenarios that possess
yang substansial dalam skenario yang memiliki commercial substance.
substansi komersial.
Selain itu, meskipun jumlah nominal Furthermore, even in cases where the nominal
pembayaran pertanggungan tetap, kontrak sum assured amount of payment remains
tetap dapat dianggap mengalihkan risiko unchanged, the contract may still be
asuransi yang signifikan apabila waktu considered to transfer significant insurance risk
terjadinya kejadian yang diasuransikan tidak if the timing of the insured event is uncertain
pasti dan nilai kini dari pembayaran meningkat and the present value of the payment
akibat pengaruh nilai waktu dari uang. increases due to the time value of money.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Kontrak reasuransi milikan merupakan Reinsurance contracts held are agreements
perjanjian di mana Grup mentransfer risiko under which the Group transfers significant
asuransi signifikan yang terkait dengan kontrak insurance risk associated with underlying
asuransi dasar kepada pihak ketiga, beserta insurance contracts to third parties
premi yang terkait. Tujuan dari pengaturan (reinsurers), along with the associated
reasuransi ini adalah untuk mengurangi premiums.
eksposur terhadap risiko asuransi yang The purpose of these reinsurance
signifikan yang mungkin timbul dari kontrak arrangements is to reduce the exposure to
asuransi dasar. significant insurance risk that may arise from
the underlying insurance contracts.
Tingkat agregasi dan pengakuan kontrak Level of aggregation and recognition of
asuransi insurance contracts
Kontrak asuransi digabungkan ke dalam Insurance contracts are aggregated into
kelompok untuk tujuan pengukuran. Kelompok groups for measurement purposes. Groups of
kontrak asuransi ditentukan dengan insurance contracts are determined by
mengidentifikasi portofolio kontrak asuransi, identifying portfolios of insurance contracts,
masing-masing terdiri dari kontrak yang each comprising contracts subject to similar
memiliki risiko serupa dan dikelola bersama, risks and managed together, and dividing each
dan membagi setiap portofolio menjadi portfolio into annual cohorts (by year of issue)
kelompok tahunan (berdasarkan tahun and each annual cohort into three groups
penerbitan) dan setiap kelompok tahunan based on the profitability of contracts:
menjadi tiga kelompok berdasarkan
profitabilitas kontrak:
- kontrak yang merugi pada pengakuan - any contracts that are onerous on initial
awal, recognition;
- kontrak yang, pada pengakuan awal, tidak - any contracts that, on initial recognition,
memiliki kemungkinan signifikan untuk have no significant possibility of becoming
menjadi merugi di kemudian hari; dan onerous subsequently; and
- kontrak lainnya dalam portfolio. - any remaining contracts in the portofolio.
Kontrak asuransi Insurance contract
Grup mengakui kelompok kontrak Asuransi The Group recognises groups of insurance
yang diterbitkannya dari yang paling awal di contracts that it issues from the earliest of the
antara yang berikut: following:
- awal periode pertanggungan dari - the beginning of the coverage period of
kelompok kontrak; the group of contracts;
- tanggal ketika pembayaran pertama dari - the date when the first payment from a
pemegang polis dalam kelompok jatuh policyholder in the group is due or when
tempo atau ketika pembayaran pertama the first payment is received if there is no
diterima jika tidak ada tanggal jatuh due date; and
tempo; dan -
- untuk kelompok kontrak yang merugi, - for a group of onerous contracts, as soon
segera setelah fakta dan keadaan as facts and circumstances indicate that
menunjukkan bahwa kelompok tersebut the group is onerous.
merugi.
Pada saat kontrak diakui, kontrak tersebut When the contract is recognised, it is added to
ditambahkan ke dalam kelompok kontrak yang an existing group of contracts or, if the contract
sudah ada atau, jika kontrak tersebut tidak does not qualify for inclusion in an existing
memenuhi syarat untuk dimasukkan ke dalam group, it forms a new group to which future
kelompok yang ada, maka kontrak tersebut contracts are added. Groups of contracts are
membentuk kelompok baru yang akan established on initial recognition, and their
ditambahkan kontrak-kontrak berikutnya. composition is not revised once all contracts
Kelompok kontrak ditetapkan pada saat have been added to the group.
pengakuan awal dan komposisinya tidak
direvisi setelah semua kontrak telah
ditambahkan ke dalam kelompok.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Kontrak reasuransi Reinsurance contract
Kelompok kontrak reasuransi dibentuk Groups of reinsurance contracts are
sedemikian rupa sehingga setiap kelompok established such that each group comprises a
terdiri dari satu kontrak. single contract.
Beberapa kontrak reasuransi memberikan Some reinsurance contracts provide cover for
perlindungan atas kontrak dasar yang underlying contracts that are included in
termasuk dalam kelompok yang berbeda. different groups. However, the Group
Namun, Grup menyimpulkan bahwa bentuk concludes that the reinsurance contract’s legal
hukum kontrak reasuransi sebagai satu form of a single contract reflects the substance
kontrak mencerminkan substansi hak dan of the Group’s contractual rights and
kewajiban kontraktual Grup, dengan obligations, considering that the different
mempertimbangkan bahwa perlindungan yang covers lapse together and are not sold
berbeda tersebut berakhir bersamaan dan separately. As a result, the reinsurance
tidak dijual secara terpisah. Sebagai hasilnya, contract is not separated into multiple
kontrak reasuransi tidak dipisahkan menjadi insurance components that relate to different
beberapa komponen asuransi yang terkait underlying groups.
dengan kelompok dasar yang berbeda.
Suatu kelompok kontrak reasuransi diakui A group of reinsurance contracts is recognised
pada tanggal berikut: on the following date.
- Kontrak reasuransi yang dimulai oleh - Reinsurance contracts initiated by the
Grup yang memberikan pertanggungan Group that provide proportionate
proporsional: Tanggal saat kontrak coverage: The date on which any
asuransi dasar apa pun diakui pertama underlying insurance contract is initially
kali. Ini berlaku untuk kontrak reasuransi recognised. This applies to the Group’s
quota share milik Grup. quota share reinsurance contracts.
- Kontrak reasuransi lainnya yang dimulai - Other reinsurance contracts initiated by
oleh Grup: Awal periode pertanggungan the Group: The beginning of the coverage
dari kelompok kontrak reasuransi. period of the group of reinsurance
Namun, jika Grup mengakui kelompok contracts. However, if the Group
kontrak asuransi dasar yang recognises an onerous group of
memberatkan pada tanggal yang lebih underlying insurance contracts on an
awal, dan kontrak reasuransi terkait telah earlier date and the related reinsurance
dimasuki sebelum tanggal tersebut, maka contract was entered into before that
kelompok kontrak reasuransi diakui pada earlier date, then the group of reinsurance
tanggal yang lebih awal itu. Ini berlaku contracts is recognised on that earlier
untuk kontrak reasuransi excess of loss date. This applies to the Group’s excess
dan stop loss milik Grup. of loss and stop loss reinsurance
contracts.
- Kontrak reasuransi yang diperoleh: - Reinsurance contracts acquired: The date
Tanggal perolehan. of acquisition
Arus kas pemenuhan dalam batasan Fullfilment cash flows within the contract
kontrak boundaries
Arus kas pemenuhan terdiri dari: Fullfilment cash flows comprise:
- Estimasi arus kas masa depan; - Estimates of future cash flows;
- Penyesuaian untuk mencerminkan nilai - An adjustment to reflect the time value of
waktu uang dan risiko keuangan terkait money and the financial risks related to
arus kas masa depan, sejauh risiko future cash flows, to the extent that the
keuangan tersebut belum termasuk dalam financial risks are not included in the
estimasi arus kas masa depan; dan estimates of future cash flows; and
- Penyesuaian risiko untuk risiko - A risk adjustment for non-financial risk.
nonkeuangan.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Seluruh arus kas masa depan dalam batasan All future cash flows within the contractual
kontrak dimasukkan ke dalam arus kas boundaries are included in the fulfillment of
pemenuhan dari kelompok kontrak asuransi cash flows of the group of insurance contracts
dan kontrak reasuransi milikan. and reinsurance contracts held.
Arus kas berada dalam batas kontrak asuransi Cash flows are within the boundary of an
(dan kontrak reasuransi milikan) jika berasal insurance contract (and a reinsurance contract
dari hak dan kewajiban substantif yang ada, di held) if they arise from substantive rights and
mana Grup dapat memaksa pemegang polis obligations that exist in which the Group can
untuk membayar premi (atau diwajibkan force the policyholder to pay the premiums (or
membayar kepada reasuradur), atau memiliki is compelled to pay amounts to a reinsurer) or
kewajiban substantif untuk memberikan jasa has a substantive obligation to provide
kepada pemegang polis (atau hak substantif services to the policyholder (or a substantive
untuk menerima jasa dari reasuradur). right to receive services from a reinsurer).
Untuk kontrak asuransi, kewajiban substantif For insurance contracts, a substantive
untuk memberikan jasa berakhir ketika: obligation to provide services ends when:
- Grup memiliki kemampuan praktis untuk - The Group has the practical ability to
menilai kembali risiko dan, sebagai reassess the risks and as a result, can
hasilnya, dapat menetapkan harga atau set a new price or level of benefits that
tingkat manfaat baru yang sepenuhnya fully reflects those risks; or
mencerminkan risiko tersebut; atau
- Grup memiliki kemampuan praktis untuk - The Group has the practical ability to
menilai kembali risiko portofolio yang reassess the risks of the portfolio that
berisi kontrak tersebut dan dapat contains the contract and can set a price
menetapkan harga atau tingkat manfaat or level of benefits that fully reflects the
yang sepenuhnya mencerminkan risiko risks of that portfolio; and the pricing of
portofolio tersebut; dan penetapan harga the premiums for coverage up to the
premi untuk pertanggungan hingga reassessment date does not take into
tanggal penilaian ulang tidak account risks that relate to periods after
mempertimbangkan risiko yang berkaitan the reassessment date.
dengan periode setelah tanggal penilaian
ulang.
Untuk kontrak reasuransi milikan, hak For reinsurance contracts held, a substantive
substantif untuk menerima jasa berakhir right to receive services ends when:
ketika:
- reasuradur memiliki kemampuan praktis - the reinsurer has the practical ability to
untuk menilai kembali risiko yang reassess the risk transferred to it and can
dialihkan kepadanya dan dapat set a new price or level of benefits that
menetapkan harga atau tingkat manfaat fully reflects those risks; or
baru yang sepenuhnya mencerminkan
risiko tersebut; atau
- reasuradur dapat menghentikan - The reinsurer can terminate coverage.
pertanggungan.
Batas kontrak dinilai ulang pada setiap tanggal The contract boundary is reassessed at each
pelaporan untuk mencerminkan perubahan reporting date to include the effect of changes
keadaan yang memengaruhi hak dan in circumstances on the Group’s substantive
kewajiban substantif Grup, sehingga batas rights and obligations and, therefore, may
tersebut dapat berubah seiring waktu. change over time.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Arus kas akuisisi asuransi kontrak Insurance acquisition cash flow insurance
asuransi contract
Arus kas akuisisi asuransi dialokasikan ke Insurance acquisition cash flows are allocated
kelompok kontrak asuransi dengan to groups of insurance contracts using a
menggunakan metode yang sistematis dan systematic and rational method and
rasional dan mempertimbangkan, dengan cara considering, in an unbiased way, all
yang tidak memihak, semua informasi yang reasonable and supportable information that is
wajar dan terdukung yang tersedia tanpa available without undue cost or effort.
biaya atau usaha yang tidak semestinya.
Jika arus kas akuisisi asuransi dapat If insurance acquisition cash flows are directly
diatribusikan secara langsung ke sekelompok attributable to a group of contracts, then they
kontrak, maka arus kas tersebut dialokasikan are allocated to that group and to the groups
ke grup tersebut dan ke grup yang akan that will include renewals of those contracts.
mencakup pembaruan kontrak tersebut.
Jika arus kas akuisisi asuransi dapat If insurance acquisition cash flows are directly
diatribusikan secara langsung ke suatu attributable to a portfolio but not to a group of
portofolio tetapi tidak kepada sekelompok contracts, then they are allocated to groups in
kontrak, maka arus kas tersebut dialokasikan the portfolio using a systematic and rational
ke dalam kelompok-kelompok dalam portofolio method.
tersebut dengan menggunakan metode yang
sistematis dan rasional.
Model pengukuran Measurement models
General Measurement Model (GMM) General Measurement Model (GMM)
General Measurement Model (“GMM”) adalah General Measurement Model (“GMM”) is the
model pengukuran standar yang terdiri dari default measurement model which consists of
arus kas pemenuhan dan margin jasa fulfillment of cash flows and contractual service
kontraktual. margin.
Arus kas pemenuhan mewakili nilai sekarang Fulfillment of cash flows represents the risk-
yang disesuaikan dengan risiko dari hak dan adjusted present value of a Group’s rights and
kewajiban Grup kepada pemegang polis, yang obligations to the policyholders, comprising
mencakup estimasi arus kas yang diharapkan, estimates of expected cash flows, discounting
diskonto, dan penyesuaian risiko atas risiko and risk adjustment for non- financial risk.
nonkeuangan.
Margin jasa kontraktual mewakili laba yang Contractual service margin represents the
belum diakui dari kontrak yang sedang unearned profit from in-force contracts that an
berjalan yang akan diakui oleh entitas saat entity will recognise as it provides services
memberikan jasa selama periode over the coverage period.
pertanggungan.
Variable Fee Approach Variable Fee Approach
Variable Fee Approach (”VFA”) Adalah Variable Fee Approach (“VFA”) is a mandatory
modifikasi wajib dari General Measurement modification of the General Measurement
Model mengenai perlakuan terhadap margin Model regarding the treatment of the
jasa kontraktual untuk mengakomodasi contractual service margin in order to
kontrak partisipasi langsung. Secara umum, accommodate direct participating contracts. In
model pengukuran ini digunakan untuk kontrak general, this measurement model is used for
asuransi unit-link. unit-linked insurance contracts.
Fitur partisipasi langsung diidentifikasi pada The direct participating feature is identified at
saat awal, di mana Grup memiliki kewajiban inception, where the Group has the obligation
untuk membayar pemegang polis jumlah yang to pay the policyholder an amount equal to the
setara dengan nilai wajar dari item dasar fair value of the underlying items less a
dikurangi biaya variable sebagai imbalan atas variable fee in exchange for investment
jasa investasi yang disediakan. services provided.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Premium allocation approach Premium allocation approach
Premium Allocation Approach (“PAA”) adalah Premium Allocation Approach (“PAA”) is a
pendekatan yang disederhanakan yang simplified approach applied by the Group
diterapkan oleh Grup untuk kontrak asuransi approach for certain insurance contracts and
dan kontrak reasuransi yang memiliki periode reinsurance contracts that are not more than 1
tidak lebih dari 1 tahun. year period of contracts.
Pengukuran liabilitas untuk klaim yang terjadi The measurement of the liability for incurred
adalah identik di antara kedua model claims is identical under all two measurement
pengukuran, kecuali untuk penentuan suku models, apart from the determination of
bunga tetap yang digunakan untuk diskonto. locked-in interest rates used for discounting.
Kontrak yang merugi Onerous contract
Kontrak diakui sebagai kontrak yang merugi Contracts are recognised as onerous if they
jika diperkirakan akan menimbulkan kerugian are expected to be loss making at inception.
pada saat dimulainya kontrak. Kontrak-kontrak Those contracts are grouped separately and
dikelompokan secara terpisah dan kerugian expected losses are recognised in the
yang diperkirakan terjadi akan diakui dalam statement of profit or loss.
laporan laba rugi.
Kelompok kontrak asuransi GMM dengan Groups of GMM insurance contracts with a
Contractual Service Margin (“CSM”) pada Contractual Service Margin (“CSM”) at initial
pengakuan awal dapat menjadi merugi ketika recognition can subsequently become onerous
peningkatan dalam arus kas pemenuhan yang when increases in fulfillment cash flows that do
tidak bervariasi dengan item dasar not vary with underlying items declines
menyebabkan penurunan bagian pemegang shareholder’s share underlying items exceed
saham atas item dasar yang melebihi jumlah carrying amount of CSM. The excess forms a
tercatat CSM. Kelebihan tersebut membentuk loss that is recognised immediately and the
kerugian yang diakui segera dan liabilitas atas liability for the remaining coverage period is
sisa masa pertanggungan kemudian dibagi then divided into the loss component and the
menjadi komponen kerugian dan liabilitas atas liability for remaining contract (LRC) without
sisa masa pertanggungan tanpa komponen the loss component.
kerugian.
Penghentian pengakuan dan modifikasi Derecognition and contract modification
kontrak
Grup menghentikan pengakuan kontrak The Group derecognises insurance contracts
asuransi ketika hak dan kewajiban terkait when the rights and obligations relating to the
kontrak tersebut berakhir (yaitu, dilunasi, contract are extinguished (i.e., discharged,
dibatalkan, atau kedaluarsa), atau ketika cancelled, or expired) or the contract is
kontrak dimodifikasi sedemikian rupa sehingga modified such that the modification results in a
mengakibatkan perubahan dalam model change in the measurement model, or the
pengukuran, atau standar yang berlaku untuk applicable standard for measuring a
mengukur komponen dari kontrak tersebut. component of the contract.
Grup menghentikan pengakuan kontrak The Group derecognises insurance contracts
asuransi ketika hak dan kewajiban terkait when the rights and obligations relating to the
kontrak tersebut berakhir (yaitu, dilunasi, contract are extinguished (i.e., discharged,
dibatalkan, atau kedaluarsa), atau ketika cancelled; or expired) or the contract is
kontrak dimodifikasi sedemikian rupa sehingga modified such that the modification results in a
mengakibatkan perubahan dalam model change in the measurement model, or the
pengukuran, atau standar yang berlaku untuk applicable standard for measuring a
mengukur komponen dari kontrak tersebut. component of the contract.
Dalam hal terjadi modifikasi, Grup In the case of modification, the Group
menghentikan pengakuan kontrak awal dan derecognises the initial contract and
mengakui kontrak yang telah dimodifikasi recognises the modified contract as a new
sebagai kontrak baru. contract.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Untuk kontrak reasuransi milikan, Grup For reinsurance contract held, the Group
mengakui kelompok kontrak reasuransi dari recognises a group of reinsurance contracts
tanggal paling awal berikut: held from the earliest date of:
a) awal periode pertanggungan dari a. a) the beginning of the coverage period of the
kelompok kontrak reasuransi milikan. group of reinsurance contracts held.
Namun, Grup menunda pengakuan However, the Group delays the recognition
kelompok kontrak reasuransi yang of a group of reinsurance contracts held
memberikan pertanggungan that provide proportionate coverage until
proporsional hingga tanggal saat the date when any underlying insurance
kontrak asuransi yang mendasarinya contract is initially recognised, if that date is
diakui pertama kali, jika tanggal later than the beginning of the coverage
tersebut terjadi setelah awal periode period of the group of reinsurance contracts
pertanggungan kelompok kontrak held; and
reasuransi milikan; dan
b) tanggal saat Grup mengakui kelompok b) the date the Group recognises an onerous
kontrak asuransi yang merugi, jika group of underlying insurance contracts if
Grup telah mengadakan kontrak the Group entered into the related
reasuransi terkait dalam kelompok reinsurance contract held in the group of
kontrak reasuransi milikan pada atau reinsurance contracts held at or before that
sebelum tanggal tersebut. date.
Modifikasi dan penghentian pengakuan Modification and derecognition of reinsurance
kontrak reasuransi milikan mengikuti prinsip contracts held follow the same principles as
yang sama seperti kontrak asuransi. Jika insurance contracts. If a substantial change or
terdapat perubahan substansial atau adendum addendum is made to the original agreement,
terhadap perjanjian asli, maka kontrak yang the existing contract is derecognised and a
ada dihentikan pengakuannya dan kontrak new one is recognised.
baru diakui.
Tingkat diskonto Discount rate
Perubahan tingkat diskonto harus The change of discount rate must consider the
mempertimbangkan waktu, mata uang, dan timing, currency, and liquidity characteristics of
karakteristik likuiditas dari arus kas dalam the cash flows in insurance contracts, which
kontrak asuransi, yang mungkin berbeda dari may be different from the assets supporting
aset yang mendukung liabilitas tersebut. those liabilities.
Grup akan menggunakan pendekatan bottom- The Group will use the bottom-up approach to
up untuk memperoleh tingkat diskonto arus derive the discount rate for the cash flows.
kas.
Berdasarkan pendekatan ini, tingkat diskonto Under this approach, the discount rate is
ditentukan sebagai risk-free yield disesuaikan determined as the risk-free yield adjusted for
dengan perbedaan karakteristik likuiditas differences in liquidity characteristics between
antara aset keuangan yang digunakan untuk the financial assets used to derive the risk-free
memperoleh risk-free yield dan arus kas yield and the relevant liability cash flows
liabilitas yang relevan (dikenal sebagai (known as an illiquidity premium).
illiquidity premium).
Presentasi Presentation
Portofolio kontrak asuransi yang merupakan Portfolios of insurance contracts that are
aset dan yang menjadi liabilitas, disajikan assets and those that are liabilities, are
secara terpisah dalam laporan posisi presented separately in the statement of
keuangan. Aset atau liabilitas yang diakui financial position. Any assets or liabilities
untuk arus kas yang timbul sebelum recognised for cash flows arising before the
pengakuan kelompok kontrak terkait recognition of the related group of contracts
(termasuk aset untuk arus kas akuisisi (including any assets for insurance acquisition
asuransi) termasuk dalam jumlah tercatat cash flows) are included in the carrying
portofolio kontrak terkait. amount of the related portfolios of contracts.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Grup memisahkan jumlah yang diakui dalam The Group disaggregates amounts recognised
laporan laba rugi dan penghasilan in the statement of profit or loss and other
komprehensif lain menjadi (a) hasil jasa comprehensive income into (a) an insurance
asuransi, yang terdiri dari pendapatan service result, comprising insurance revenue
asuransi dan beban jasa asuransi; dan (b) and insurance service expenses; and (b)
pendapatan atau beban pembiayaan asuransi. insurance finance income or expenses. The
Grup tidak memisahkan perubahan Group does not disaggregate changes in the
penyesuaian risiko untuk risiko non-keuangan risk adjustment for non-financial risk between
antara hasil jasa asuransi dan pendapatan the insurance service result and insurance
atau beban keuangan asuransi. Semua finance income or expenses. All changes in
perubahan penyesuaian risiko untuk risiko non the risk adjustment for non-financial risk are
keuangan termasuk dalam hasil jasa asuransi. included in the insurance service result.
Pendapatan jasa asuransi - kontrak Insurance service revenue - insurance
asuransi yang diukur dengan GMM contracts measured under GMM
CSM mencerminkan laba yang belum The CSM represents the unearned profit and
direalisasi dan tidak menghasilkan results in no income or expense at initial
pendapatan maupun beban pada saat recognition when the group of contracts is
pengakuan awal ketika kelompok kontrak profitable. The CSM is adjusted at each
tersebut menguntungkan. CSM disesuaikan subsequent reporting period for changes in
pada setiap periode pelaporan berikutnya fulfilment of cash flows relating to future
untuk perubahan arus kas pemenuhan yang service. For initial recognition of onerous
terkait dengan jasa di masa depan. Untuk groups of contracts and when groups of
pengakuan awal kelompok kontrak yang contracts become onerous subsequently,
merugi dan ketika kelompok kontrak menjadi losses are recognised in insurance service
merugi setelahnya, kerugian diakui segera expense immediately.
sebagai beban jasa asuransi.
CSM akan diakui secara sistematis sebagai CSM is recognised systematically as revenue
pendapatan atas layanan yang telah diberikan for services provided over the expected
selama periode cakupan yang diharapkan dari coverage period of a group of contracts,
suatu kelompok kontrak, tanpa mempengaruhi without affecting the overall profit of the
laba dari keseluruhan kontrak. Sedangkan, contract. In contrast, the total estimated losses
total estimasi kerugian yang mungkin timbul that may arise from onerous contracts are
dari kontrak yang memberatkan diakui di awal. recognised at inception. The CSM is adjusted
CSM disesuaikan tergantung pada model depending on the measurement model applied
pengukuran kelompok kontrak asuransi. to the group of insurance contracts.
Pendapatan asuransi mencerminkan imbalan Insurance revenue reflects the consideration
yang diharapkan Grup untuk diperoleh to which the Group expects to be entitled in
sebagai pertukaran atas pemberian exchange for the provision of coverage and
pertanggungan dan layanan kontrak asuransi other insurance contract services (excluding
lainnya (tidak termasuk komponen investasi). any investment components). Insurance
Beban jasa asuransi terdiri dari klaim yang service expenses comprise the incurred
terjadi dan beban jasa asuransi lainnya yang claims and other incurred insurance service
terjadi (tidak termasuk komponen investasi), expenses (excluding any investment
serta kerugian atas kelompok kontrak yang components), and losses on onerous groups
merugi dan pembalikan atas kerugian of contracts and reversals of such losses.
tersebut.
Beban jasa asuransi Insurance service expense
Beban jasa asuransi yang timbul dari kontrak Insurance service expenses arising from
asuransi diakui dalam laba rugi secara umum insurance contracts are recognised in profit or
pada saat terjadi. Beban ini mengecualikan loss generally as they are incurred. They
pengembalian komponen investasi dan exclude repayments of investment
terutama terdiri dari hal-hal berikut: components and mainly comprise the following
items:
- klaim yang terjadi dan beban jasa - incurred claims and other insurance;
asuransi lainnya;
- amortisasi arus kas akuisisi asuransi; - amortisation of insurance acquisition cash
flows;
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
- kerugian atas kontrak yang merugikan - losses on onerous contracts and reversals
dan pembalikan atas kerugian tersebut; of such losses; and
dan
- penyesuaian terhadap liabilitas atas - adjustments to the liabilities for incurred
klaim yang terjadi yang tidak timbul dari claims that do not arise from the effects of
pengaruh nilai waktu uang, risiko the time value of money, financial risk and
keuangan, dan perubahan terkait. changes therein.
Pendapatan/beban keuangan asuransi Insurance finance income/expenses
Pendapatan atau beban keuangan asuransi Insurance finance income or expenses
mencakup perubahan dalam jumlah tercatat comprise changes in the carrying amounts of
kelompok kontrak asuransi dan kontrak groups of insurance contracts and reinsurance
reasuransi yang dimiliki yang timbul dari contracts held arising from the effects of the
pengaruh nilai waktu uang, risiko keuangan, time value of money, financial risk and
dan perubahannya. Termasuk di dalamnya changes therein. This includes changes in the
perubahan pengukuran kelompok kontrak measurement of groups of contracts caused by
yang disebabkan oleh perubahan nilai item changes in the value of underlying items
yang mendasarinya (tidak termasuk (excluding additions and withdrawals). The
penambahan dan penarikan). Grup memilih Group has choosen to disaggregate insurance
untuk memisahkan pendapatan atau beban finance income or expenses between profit or
keuangan asuransi antara laba rugi dan loss and other comprehensive income. The
penghasilan komprehensif lain. Jumlah yang amount included in profit or loss is determined
termasuk dalam laba rugi ditentukan oleh by a systematic allocation of the expected total
alokasi sistematis dari total pendapatan atau insurance finance income or expenses over
beban keuangan asuransi yang diharapkan the term of the group of contracts.
selama jangka waktu kelompok kontrak.
Transisi Transition
Pada tanggal 1 Januari 2025, Grup At January 1, 2025, the Group applied
menerapkan pendekatan retrospektif yang modified retrospective approach to identify and
dimodifikasi untuk mengidentifikasi dan measure groups of contracts issued for the
mengukur kelompok kontrak yang diterbitkan years before ___.
untuk tahun-tahun sebelum ___.
Tujuan dari pendekatan retrospektif yang The objective of the modified retrospective
dimodifikasi adalah untuk mencapai hasil yang approach was to achieve the closest outcome
paling mendekati penerapan retrospektif to retrospective application possible using
dengan menggunakan informasi yang masuk reasonable and supportable information
akal dan dapat didukung yang tersedia tanpa available without undue cost or effort. The
biaya atau usaha yang tidak semestinya. Grup Group applied each of the following
menerapkan setiap modifikasi berikut hanya modifications only to the extent that it did not
sepanjang Grup tidak memiliki informasi yang have reasonable and supportable information
wajar dan terdukung untuk menerapkan PSAK to apply PSAK No. 117 retrospectively.
No. 117 secara retrospektif.
aa. Penjaminan Kembali aa. Re-Guarantee
Entitas anak menjaminkan kembali The subsidiary re-guarantee (reinsures) a
(mereasuransikan) sebagian porsi risikonya portion of its risk with re-guarantee
kepada perusahaan penjaminan kembali (reinsurance) companies. The amount of
(reasuransi). Jumlah imbal jasa penjaminan guarantee fee paid or portion of guarantee fee
yang dibayar atau porsi imbal jasa penjaminan from prospective re-guarantee transactions is
atas transaksi penjaminan kembali prospektif recognised over the re-guarantee contract in
diakui sesuai dengan proporsi jumlah proteksi proportion with the protection received.
penjaminan kembali yang diterima.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Piutang Penjaminan Kembali Re-Guarantee Receivable
Pembayaran klaim oleh entitas anak kepada Payment of claims by the subsidiary to the
pihak penerima jaminan yang menjadi guarantee beneficiary that is borne by the re-
tanggungan perusahaan penjaminan kembali guarantee company are recorded as a re-
dicatat sebagai piutang penjaminan kembali. guarantee receivable.
Piutang penjaminan kembali diakui sebagai Re-guarantee receivables are recognised as
piutang pada saat perusahaan penjaminan receivables when the reguarantor company
kembali mengaksep atau mengakui piutang accepts or recognizes the receivables in debt
dalam penyelesaian tersebut sebagai settlement, but payment has not yet been
utangnya, namun pembayaran belum made.
dilakukan.
Utang Penjaminan Kembali Re-Guarantee Liability
Utang penjaminan kembali merupakan utang Claim payables represents liability for unpaid
atas imbal jasa penjaminan kembali yang re-guarantee fee by the subsidiary to the re-
belum dibayar oleh perusahaan kepada guarantee company.
entitas anak penjaminan kembali.
Imbal Jasa Penjaminan, Pendapatan Guarantee Fee, Re-Guarantee Commission
Komisi Imbal Jasa Kembali, Pendapatan Fee, Guarantee Administration Service Fee,
Jasa Administrasi Penjaminan, Beban Commission Expenses, and Re-Guarantee
Komisi, dan Beban Imbal Jasa Penjaminan Expenses
Kembali
Pendapatan imbal jasa penjaminan, Guarantee fee, commission from re-guarantee
pendapatan komisi imbal jasa kembali dan fee and expenses agency commission in the
beban komisi agen yang besarnya dinyatakan amount expressed as a certain percentage of
sebagai persentase tertentu dari imbal jasa the guarantee fee, and reguarantee expenses
penjaminan, dan beban imbal jasa penjaminan is recognised since Guarantee Certificate (SP)
kembali diakui sejak bulan Sertifikat was published.
Penjaminan (SP) diterbitkan.
Pengakuan Imbal Jasa Penjaminan Guarantee Fee Recognition
Pendapatan imbal jasa penjaminan diakui Income from guarantee fees is recognised as
sebagai pendapatan secara proporsional revenue proportionately in accordance with the
sesuai dengan persentase penyelesaian percentage of settlement of obligations during
kewajiban selama periode proteksi the guarantee protection period provided by
penjaminan yang diberikan oleh entitas anak the subsidiary based on the guarantee
berdasarkan kontrak penjaminan. Jika contract. If before the date of the guarantee
sebelum tanggal kontrak penjaminan berakhir, contract is due, the claim amount of the
jumlah klaim pihak penerima jaminan telah guarantee beneficiary is the same as the
sama dengan nilai penjaminan maka guarantee value, then the guarantee fee that
pendapatan imbal jasa penjaminan yang has not been recognised as income is
belum diakui sebagai pendapatan langsung immediately recognised as revenue.
diakui seluruhnya sebagai pendapatan.
Pendapatan jasa administrasi penjaminan Administrative services revenue assurance is
diakui seluruhnya saat Sertifikat Penjaminan recognised when all of Guarantee Certificates
(SP) diterbitkan. (SP) was published.
Entitas anak, menjaminkan kembali The subsidiary, re-guarantee a portion of its
(reasuransi) sebagian porsi risikonya kepada risk with re-guarantee companies. The amount
perusahaan penjaminan kembali (reasuradur). of re-guarantee fee paid or portion of re-
Jumlah imbal jasa penjaminan kembali yang guarantee fee from re-guarantee transactions
dibayar atau porsi imbal jasa penjaminan is recognised over the re-guarantee contract in
kembali atas transaksi penjaminan kembali proportion with the protection received.
(reasuransi) diakui sesuai dengan proporsi
jumlah proteksi penjaminan kembali
(reasuransi) yang diterima.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Beban imbal jasa penjaminan kembali diakui Re-guarantee fees expenses is recognised as
sebagai pengurang pendapatan imbal jasa a proportionate deduction from the guarantee
penjaminan secara proporsional sesuai fee income in accordance with the percentage
dengan persentase penyelesaian kewajiban of settlement of obligations during the
selama periode proteksi penjaminan yang guarantee protection period received by the
diterima entitas anak berdasarkan kontrak subsidiary based on the re-guarantee contract.
penjaminan kembali.
Komisi Commissions
Komisi yang diberikan sehubungan dengan Commissions due to in connection with the
penutupan penjaminan dicatat sebagai beban guarantee value are recorded as commission
komisi, sedangkan komisi yang diperoleh dari expense when incurred, where as
transaksi penjaminan kembali dicatat sebagai commissions obtained from re-guarantee
pengurang beban imbal jasa penjaminan transactions are recorded as deduction from
kembali dan diakui dalam laporan laba rugi re-guarantee fee expenses and recognised in
dan pendapatan komprehensif lainnya secara the statement profit or loss and other
proporsional sesuai dengan persentase comprehensive income is recognised as
penyelesaian kewajiban selama periode proportionately in accordance with the
proteksi penjaminan yang diterima entitas percentage of settlement of obligations during
anak berdasarkan kontrak penjaminan kembali the guarantee protection received by the
pada saat terjadinya. subsidiary based on the re-guarantee contract.
ab. Hasil Investasi ab. Income from Investments
a. Hasil investasi dari deposito berjangka a. Interest income from investment in time
diakui atas dasar proporsi waktu dan suku deposits is recognised on a time proportion
bunga yang berlaku. basis, based on principal outstanding and
prevailing interest rates.
b. Penghasilan dividen diakui bila hak b. Dividend income is recognised when the
pemegang saham untuk menerima stockholders’ right to receive payment is
pembayaran ditetapkan. established.
c. Keuntungan atau kerugian kurs mata uang c. Gains or losses on foreign exchange
asing yang berkaitan dengan deposito difference related to time deposits and
berjangka dan reksadana dicatat sebagai mutual funds are presented as part of
bagian dari hasil investasi. income from investments.
d. Keuntungan atau kerugian dari penjualan d. Gain or losses on sale of securities are
saham diakui pada saat transaksinya. recognised at the date of the transaction.
ac. Pinjaman Diterima dan Surat Berharga ac. Loans Received and Securities Issued
yang Diterbitkan
Pinjaman yang diterima dan surat berharga Loans received and securities issued are
yang diterbitkan diukur pada biaya perolehan classified as financial liability measured at
diamortisasi menggunakan metode suku amortized cost using the effective interest rate
bunga efektif. Biaya transaksi yang dapat method. Transaction costs that are directly
diatribusikan secara langsung dengan nilai attributable to the acquisition cost of loan
perolehan pinjaman yang diterima dan surat received and securities issued are deducted
berharga yang diterbitkan dikurangkan dari from the loans received and securities issued.
jumlah pinjaman yang diterima dan surat
berharga yang diterbitkan.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
ad. Kontrak Jaminan Keuangan dan Tagihan ad. Financial Guarantee Contracts and Other
Komitmen Lainnya Commitments Receivable
Kontrak jaminan keuangan adalah kontrak Financial guarantee contracts are contracts
yang mengharuskan penerbit untuk melakukan that require the issuer to make specified
pembayaran kepada pemegang kontrak atas payments to reimburse the holder for a loss
kerugian yang terjadi karena debitur tertentu incurred because a specified debtor defaulted
gagal untuk melakukan pembayaran pada saat to make payments when due, in accordance
jatuh tempo, sesuai dengan ketentuan dari with the terms of a debt instrument. Such
instrumen utang. Jaminan keuangan tersebut financial guarantees are given from Group to
diberikan oleh Grup kepada bank, lembaga bank, financial institutions and other
keuangan dan badan-badan lainnya atas institutions on behalf of debtor to secure loans
nama debitur untuk menjamin kredit dan and other banking facilities and undrawn loan
fasilitas-fasilitas perbankan lainnya dan facilities.
penyediaan dana yang belum ditarik.
Pengakuan awal jaminan keuangan dalam Initial recognition of financial guarantees in the
laporan keuangan adalah sebesar nilai wajar consolidated financial statements is
pada saat jaminan diberikan. Nilai wajar recognised at fair value at the time the
jaminan keuangan pada saat berlakunya guarantee is given. The fair value of financial
transaksi pada umumnya sama dengan premi guarantee at the time of the transaction is
yang diterima karena diberikan dengan syarat generally equal to the premium received, with
dan kondisi normal dan nilai wajar awal normal terms and conditions, and the initial fair
diamortisasi sepanjang umur jaminan value is amortized over the life of financial
keuangan. guarantee.
Setelah pengakuan awal kontrak, jaminan Subsequently, these contracts are measured
keuangan dicatat pada nilai yang lebih tinggi at the higher of amortized amount and the
antara biaya perolehan diamortisasi dengan present value of any expected payment (when
nilai kini pembayaran yang diharapkan akan a payment under the guarantee has become
terjadi (ketika pembayaran atas jaminan probable) and the difference is charged to
menjadi besar kemungkinan terjadinya), dan other operating expense in profit or loss.
selisihnya dibebankan sebagai beban
operasional lainnya pada laba rugi.
ae. Biaya Emisi Saham ae. Stock Issuance Costs
Biaya emisi saham disajikan sebagai The cost of issuing shares is presented as a
pengurang akun tambahan modal disetor dan reduction in the additional paid-in capital
tidak diamortisasi. account and is not amortized.
af. Pengakuan Pendapatan dan Beban af. Revenue and Expense Recognition
1. Pengakuan Pendapatan Bunga, Beban 1. Recognition of Interest Revenues,
Bunga, Pendapatan dan Beban Syariah Interest Expense, Sharia Revenue, and
Expense
Pendapatan dan Beban Bunga Interest Revenue and Interest Expense
Pendapatan dan beban bunga untuk Interest revenue and interest expense for
semua instrumen keuangan diakui dalam all financial instruments are recognised in
laba rugi secara akrual dengan profit or loss on accrual basis using the
menggunakan metode suku bunga efektif. effective interest rate method.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Pendapatan dan beban syariah Syariah revenue and expense
Pendapatan syariah terdiri dari Syariah revenue consists of income from
keuntungan murabahah, pendapatan murabahah sharia, income from
ijarah muntahiyah bittamlik (sewa), dan muntahiyah bittamlik ijarah (lease), and
bagi hasil pembiayaan musyarakah dan profit sharing from mudharabah and
mudharabah. musyarakah financing.
Keuntungan murabahah dan pendapatan Income from murabahah and revenue
ijarah muntahiyah bittamlik diakui selama from ijarah muntahiyah bittamlik are
periode akad berdasarkan konsep akrual. recognised over the contract period on an
Pendapatan bagi hasil pembiayaan accrual basis. Profit sharing income from
mudharabah diakui pada saat diterima mudharabah financing are recognised
atau dalam periode terjadinya hak bagi when received or within the period of
hasil sesuai porsi bagi hasil (nisbah) yang entitlement based on profit sharing
disepakati. agreement (nisbah).
Beban berdasarkan prinsip syariah terdiri Expense based on sharia consists of profit
dari beban bagi hasil mudharabah, beban sharing expense of mudharabah, wadiah
bonus wadiah dan beban bagi hasil bonus expense and profit sharing expense
Sertifikat Investasi Mudharabah Antar of Certificate of Sharia Interbank
Bank Syariah. Mudharabah Investment.
2. Pengakuan Pendapatan Jasa Biro 2. Recognition of Securities
Administrasi Efek, Jasa Penjaminan Administration, Underwriting and Stock
Emisi Efek dan Jasa Perantara Brokerage Fees and Investment
Pedagang Efek serta Jasa Manajer Management Income
Investasi
Pendapatan atas jasa biro administrasi Securities administration fees, stock
efek, jasa perantara pedagang efek yang brokerage fees and underwriting fees are
diterima dari nasabah sebagai imbalan recognised as income when the services
atas transaksi jual/beli efek yang for trading of securities in the stock
dilakukan di bursa efek dan jasa exchange and underwriting activities are
penjaminan emisi efek diakui pada saat rendered.
penyerahan jasa.
Pendapatan atas jasa manajer investasi Investment management income is
diakui berdasarkan ketentuan yang recognised based on agreed conditions as
disepakati dalam kontrak investasi stated in the collective investment
kolektif. contract.
3. Pengakuan Pendapatan dan Beban 3. Recognition of Other Revenue and
Lainnya Expenses
Provisi dan Komisi Terkait Instrumen Fees and Commissions Related to
Keuangan Financial Instruments
Pendapatan dan beban provisi komisi Commission income and expense fees
yang terkait dengan perolehan instrumen associated with the acquisition of financial
keuangan yang terkait jangka waktu instruments with maturnity term and that
tertentu yang jumlahnya signifikan, dicatat the amount is significant, is recorded as
sebagai bagian dari nilai wajar aset atau part of the fair value of financial assets or
liabilitas keuangan dan diamortisasi financial liability and amortized over the
sesuai dengan jangka waktunya dengan term of the financial instrument using the
menggunakan suku bunga efektif. effective interest rate method.
Provisi dan Komisi Lainnya Other Fees and Commission
Provisi dan komisi lainnya yang tidak Fees and commissions that are significant
terkait dengan kegiatan perolehan in amount and are not related to the
instrumen keuangan dan jangka waktu issuance or acquisition of financial
tertentu yang jumlahnya signifikan, instruments and have maturity terms are
ditangguhkan dan diamortisasi treated as deferred income or expenses
menggunakan metode garis lurus sesuai and amortized using the straight-line
dengan jangka waktu transaksi yang method over the term of the relevant
bersangkutan. transaction.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Pendapatan provisi dan komisi lainnya Other fees and commission revenues not
meliputi pendapatan yang tidak terkait related to credit, such as bancaassurance
dengan kredit, seperti jasa banca services, and revenues associated with
assurance, pendapatan sebagai pemimpin import export and bank guarantee, are
sindikasi, pendapatan terkait dengan recognised as revenue when the services
ekspor impor dan bank garansi, diakui rendered.
sebagai pendapatan pada saat jasa
diberikan.
Beban Komisi Commissions Expense
Komisi yang diberikan kepada pialang Commissions due to insurance brokers,
asuransi, agen dan perusahaan asuransi agents and other insurance companies in
lain sehubungan dengan penutupan connection with the insurance coverage
pertanggungan dicatat sebagai beban are recorded as commission expense
komisi, sedangkan komisi yang diperoleh when incurred, whereas commissions
dari transaksi reasuransi dicatat sebagai obtained from reinsurance transactions
pendapatan komisi, dan diakui dalam laba are recorded as commission income and
rugi pada saat terjadinya. recognised when earned.
Pendapatan dan Beban Lainnya Other Income and Expense
Pendapatan dari sewa operasi dibukukan Income from assets for lease (operating lease)
dengan menggunakan metode garis lurus is recognised using the straight-line method
selama masa periode sewa (Catatan 2l). over the lease period (Note 2l).
Pendapatan administrasi yang terjadi Administration income incurred in relation with
sehubungan dengan transaksi sewa, lease financing, multipurpose financing, and
pembiayaan multiguna dan pembiayaan working capital financing with factoring scheme
modal kerja skema anjak piutang masing- receivables are recognised when earned.
masing diakui pada saat terjadinya.
Pendapatan (beban) lainnya diakui pada Other income (expense) are recognised when
saat terjadinya sesuai dengan masa earned (incurred) in accordance with their
manfaatnya (accrual basis). beneficial period (accrual basis).
ag. Imbalan Kerja ag. Employee Benefits
Liabilitas Imbalan kerja jangka pendek Short-term employee benefits liability
Imbalan kerja jangka pendek diakui sebesar Short-term employee benefits are recognised
jumlah yang tak-terdiskonto sebagai liabilitas at its undiscounted amount as a liability after
pada laporan posisi keuangan konsolidasian deducting any amount already paid in the
setelah dikurangi dengan jumlah yang telah consolidated statement of financial position
dibayar dan sebagai beban dalam laba rugi. and as an expense in profit or loss.
Liabilitas Imbalan kerja jangka panjang Long-term employee benefits liability
Manfaat yang ditentukan Defined benefits
Liabilitas imbalan kerja jangka panjang Long-term employee benefits liability
merupakan manfaat pasti yang dibentuk represents post-employment benefits, funded
dengan pendanaan khusus melalui program defined-benefit plans through a certain pension
dana pensiun dan didasarkan pada masa kerja fund which amounts are determined based on
dan jumlah penghasilan karyawan pada saat years of service and salaries of the employees
pensiun yang dihitung menggunakan metode at the time of pension and calculated using the
Projected Unit Credit. Pengukuran kembali Projected Unit Credit. Remeasurement is
liabilitas imbalan pasti langsung diakui dalam reflected immediately in the statement of
laporan posisi keuangan dan penghasilan financial position with a charge or credit
komprehensif lain pada periode terjadinya dan recognised in other comprehensive income in
tidak akan direklasifikasi ke laba rugi, namun the period in which they occur and not to be
menjadi bagian dari saldo laba. Biaya liabilitas reclassified to profit or loss but reflected
imbalan pasti lainnya terkait dengan program immediately in retained earnings. All other
imbalan pasti diakui dalam laba rugi. costs related to the defined-benefit plan are
recognised in profit or loss.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Presiden Republik Indonesia telah The President of the Republic of Indonesia has
menetapkan Peraturan Pemerintah Pengganti issued Government Regulation in Lieu of Law
Undang-Undang No. 2 Tahun 2022 tentang No. 2 of 2022 concerning Job Creation
Cipta Kerja (Perppu Cipta Kerja 2/2022) pada (Perppu Cipta Kerja 2/2022) on December 30,
tanggal 30 Desember 2022 yang merupakan 2022 which is the implementation of the
pelaksanaan dari Putusan MK Nomor 91/PUU- Constitutional Court Decision Number 91/PUU-
XVIII/2020. Dengan berlakunya Perppu ini, UU XVIII/2020. With the enactment of this Perppu,
No. 11/2020 tentang Cipta Kerja dicabut dan Law No. 11/2020 concerning Job Creation is
dinyatakan tidak berlaku. repealed and declared invalid.
PP 35/2021 mengatur mengenai perjanjian PP 35/2021 regulates the work agreement for
kerja waktu tertentu (karyawan tidak tetap), a certain period (non-permanent employees),
alih daya, waktu kerja, waktu istirahat dan outsourcing, working time, rest time and
pemutusan hubungan kerja, yang dapat termination of employment, which can affect
mempengaruhi manfaat imbalan minimum the minimum benefits that must be provided to
yang harus diberikan kepada karyawan. employees.
Kontribusi yang ditentukan Defined contributions
Liabilitas imbalan kerja jangka panjang Long-term employee benefits liability
merupakan imbalan pasca-kerja iuran pasti represents post-employment benefits, defined-
melalui dana pensiun dan didasarkan pada contribution plans through a certain pension
masa kerja dan jumlah penghasilan karyawan fund which amounts are determined based on
saat pensiun. Jumlah iuran yang terutang years of service and salaries of the employees
diakui sebagai liabilitas pada laporan posisi at the time of pension. The contribution
keuangan konsolidasian setelah dikurangi payable is accrued as a liability after deducting
dengan jumlah yang telah dibayar dan sebagai any amount already paid in the consolidated
beban dalam laba rugi. statement of financial position and an expense
in profit or loss.
Jika ada bagian iuran yang jatuh tempo dalam If a part of the contributions falls due in a
waktu lebih dari (12) bulan setelah tanggal period in excess of twelve (12) months from
laporan posisi keuangan, maka iuran tersebut the statement of financial position date, the
disajikan sebesar nilai kini liabilitas yang contributions are presented at its discounted
didiskontokan. amount.
Manfaat iuran pasti ditentukan berdasarkan Defined contribution plans benefits are
akumulasi iuran dan hasil pengembangan determined based on accumulated
investasi. contributions and returns on investments.
ah. Pajak Penghasilan ah. Income Tax
Pajak Kini Current Tax
Pajak kini ditentukan berdasarkan laba kena Current tax expense is determined based on
pajak dalam tahun yang bersangkutan yang the taxable income for the year computed
dihitung berdasarkan tarif pajak yang berlaku. using prevailing tax rates.
Pajak Tangguhan Deferred Tax
Pajak tangguhan diakui sebagai liabilitas jika Deferred tax is provided using the liability
terdapat perbedaan temporer kena pajak yang method on temporary differences between the
timbul dari perbedaan antara dasar pengenaan tax bases of assets and liabilities and their
pajak aset dan liabilitas dengan jumlah carrying amounts for financial reporting
tercatatnya pada tanggal pelaporan. purposes at the reporting date.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Aset pajak tangguhan diakui untuk seluruh Deferred tax assets are recognised for all
perbedaan temporer yang dapat dikurangkan deductible temporary differences and the carry
dan rugi fiskal yang dapat dikompensasikan. forward tax benefit of any unused tax losses.
Aset pajak tangguhan diakui dan direviu pada Deferred tax assets are recognised and
setiap tanggal pelaporan atau diturunkan reviewed at each reporting date and reduced
jumlah tercatatnya, sepanjang kemungkinan to the extent that it is probable that taxable
besar laba kena pajak tersedia untuk profit will be available against which the
pemanfaatan perbedaan temporer yang dapat deductible temporary differences and the carry
dikurangkan dan rugi fiskal yang dapat forward benefit of unused tax losses can be
dikompensasikan. utilized.
Aset dan liabilitas pajak tangguhan diukur Deferred tax assets and liabilities are
dengan menggunakan tarif pajak yang measured at the tax rates that are expected to
diharapkan berlaku ketika aset dipulihkan atau apply when the asset is realized or the liability
liabilitas diselesaikan, berdasarkan tarif pajak is settled, based on tax rates (or tax laws) that
(atau peraturan pajak) yang telah berlaku atau have been enacted or substantively enacted at
secara substantif telah berlaku pada tanggal the reporting date.
pelaporan.
Aset pajak tangguhan dan liabilitas pajak Deferred tax assets and deferred tax liabilities
tangguhan saling hapus jika dan hanya jika, are offset if and only if, a legally enforceable
terdapat hak yang dipaksakan secara hukum right exists to set off current tax assets against
untuk melakukan saling hapus aset pajak kini current tax liabilities and the deferred taxes
terhadap liabilitas pajak kini dan pajak relate to the same taxable entity and the same
tangguhan tersebut terkait dengan entitas taxation authority.
kena pajak yang sama dan dikenakan oleh
otoritas perpajakan yang sama.
ai. Distribusi Dividen ai. Dividend Distribution
Distribusi dividen kepada pemegang saham Dividend distribution to the Company’s
Perusahaan diakui sebagai liabilitas dalam shareholders is recognised as a liability in the
laporan keuangan konsolidasian dalam consolidated financial statements in the period
periode saat dividen tersebut disetujui oleh in which the dividends are approved by the
pemegang saham Perusahaan. Company’s shareholders.
aj. Laba Per Saham aj. Earnings per Share
Laba per saham dasar dihitung dengan Basic earnings per share is computed by
membagi laba bersih yang dapat diatribusikan dividing net profit attributable to owners of the
kepada pemilik entitas induk dengan jumlah parent Company by the weighted average
rata-rata tertimbang saham yang beredar pada number of shares outstanding during the year.
tahun yang bersangkutan.
ak. Informasi Segmen ak. Segment Information
Informasi segmen disusun sesuai dengan Segment information is prepared using the
kebijakan akuntansi yang dianut dalam accounting policies adopted for preparing and
penyusunan dan penyajian laporan keuangan presenting the consolidated financial
konsolidasian. statements.
Segmen operasi diidentifikasi berdasarkan Operating segments are identified on the basis
laporan internal komponen-komponen Grup of internal reports about components of the
yang secara berkala dilaporkan kepada Group that are regularly reviewed by the chief
pengambil keputusan operasional dalam operating decision maker in order to allocate
rangka alokasi sumber daya ke dalam segmen resources to the segments and to assess their
dan penilaian kinerja Grup. performances.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
al. Provisi al. Provisions
Provisi diakui jika Grup mempunyai liabilitas Provisions are recognised when the Group has
kini (hukum maupun konstruktif) sebagai present obligation (legal or constructive) as a
akibat peristiwa masa lalu, yang result of a past event, it is probable that the
memungkinkan Grup harus menyelesaikan Group will be required to settle the obligation,
kewajiban tersebut dan estimasi yang andal and a reliable estimate can be made of the
mengenai jumlah liabilitas tersebut dapat amount of the obligation.
dibuat.
Jumlah yang diakui sebagai provisi adalah The amount recognised as a provision is the
hasil estimasi terbaik pengeluaran yang best estimate of the consideration required to
diperlukan untuk menyelesaikan kewajiban kini settle the obligation at the reporting date,
pada tanggal pelaporan, dengan taking into account the risks and uncertainties
mempertimbangkan risiko dan ketidakpastian surrounding the obligation.
terkait kewajiban tersebut.
am. Peristiwa Setelah Periode Pelaporan am. Events after the Reporting Period
Peristiwa-peristiwa yang terjadi setelah Post year-end events that provide additional
periode pelaporan yang menyediakan information about the Group’s consolidated
tambahan informasi mengenai posisi financial position at the reporting date
keuangan Grup pada tanggal laporan posisi (adjusting events), if any, are reflected in the
keuangan (peristiwa penyesuaian), jika ada, consolidated financial statements. Post year-
telah tercermin dalam laporan keuangan. end events that are not adjusting events are
Peristiwa-peristiwa yang terjadi setelah disclosed in the notes to the consolidated
periode pelaporan yang tidak memerlukan financial statements when material.
penyesuaian (peristiwa non-penyesuai),
apabila jumlahnya material, telah diungkapkan
dalam laporan keuangan.
3. Penggunaan Estimasi, Pertimbangan dan 3. Management Use of Estimates, Judgments and
Asumsi Manajemen Assumptions
Dalam penerapan kebijakan akuntansi Grup, In applying of the Group’s accounting policies,
seperti yang diungkapkan dalam Catatan 2 pada which are described in Note 2 to the consolidated
laporan keuangan konsolidasian, manajemen financial statements, management is required to
harus membuat estimasi, pertimbangan, dan make estimates, judgments, and assumptions
asumsi atas nilai tercatat aset dan liabilitas yang about the carrying amounts of assets and liabilities
tidak tersedia oleh sumber-sumber lain. Estimasi that are not readily available from other sources.
dan asumsi tersebut, berdasarkan pengalaman The estimates and assumptions are based on
historis dan faktor lain yang dipertimbangkan historical experience and other factors that are
relevan. considered to be relevant.
Manajemen berkeyakinan bahwa pengungkapan Management believes that the following represent
berikut telah mencakup ikhtisar estimasi, a summary of the significant estimates, judgments,
pertimbangan dan asumsi signifikan yang dibuat and assumptions made that affected certain
oleh manajemen, yang berpengaruh terhadap reported amounts and disclosures in the
jumlah-jumlah yang dilaporkan serta consolidated financial statements.
pengungkapan dalam laporan keuangan
konsolidasian.
Pertimbangan Judgments
Pertimbangan-pertimbangan berikut dibuat oleh The following judgments are made by management
manajemen dalam proses penerapan kebijakan in the process of applying the Group’s accounting
akuntansi Grup yang memiliki dampak yang paling policies that have the most significant effects on
signifikan terhadap jumlah-jumlah yang diakui the amounts recognised in the consolidated
dalam laporan keuangan konsolidasian: financial statements:
a. Mata Uang Fungsional a. Functional Currency
Dalam proses penerapan kebijakan akuntansi In the process of applying the Group’s
Grup, manajemen telah membuat accounting policies, management has made
pertimbangan untuk menentukan mata uang judgment on the determination of functional
fungsional entitas anak luar negeri. currency of the foreign subsidiaries.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Mata uang fungsional Perusahaan dan entitas The functional currency of the Company and
anak adalah mata uang lingkungan ekonomi its subsidiaries is the currency of the primary
utama dimana masing-masing entitas economic environment in which each of them
beroperasi. Mata uang tersebut adalah yang operates. It is the currency, among others, that
paling mempengaruhi harga jual barang dan mainly influences sales prices for goods and
jasa, dan mata uang dari negara yang services, and of the country whose competitive
kekuatan persaingan dan peraturannya forces and regulations mainly determine the
sebagian besar menentukan harga jual barang sales prices of its goods and services, and the
dan jasa entitas, dan merupakan mata uang currency in which funds from financing
yang mana dana dari aktivitas pendanaan activities are generated.
dihasilkan.
b. Klasifikasi Aset Keuangan dan Liabilitas b. Classification of Financial Assets and
Keuangan Financial Liabilities
Grup menentukan klasifikasi aset dan liabilitas The Group determines the classifications of
tertentu sebagai aset keuangan dan liabilitas certain assets and liabilities as financial assets
keuangan dengan menilai apakah aset dan and liabilities by judging if they meet the
liabilitas tersebut memenuhi kriteria yang criteria set forth in SFAS No. 109. Accordingly,
ditetapkan dalam PSAK No. 109. Aset the financial assets and liabilities are
keuangan dan liabilitas keuangan dicatat accounted for in accordance with the Group’s
sesuai dengan kebijakan akuntansi Grup accounting policies as disclosed in Note 2.
sebagaimana diungkapkan dalam Catatan 2.
c. Cadangan Kerugian Penurunan Nilai atas c. Allowance for Impairment of Financial
Aset Keuangan Assets
Pada setiap tanggal pelaporan, Grup menilai At each reporting date, the Group assesses
apakah risiko kredit atas instrumen keuangan whether the credit risk of a financial instrument
telah meningkat secara signifikan sejak has increased significantly since initial
pengakuan awal. Ketika melakukan penilaian recognition. When making the assessment, the
tersebut, Grup mempertimbangkan perubahan Group uses the change in the risk of default
risiko gagal bayar yang terjadi selama umur over the expected life of the financial
instrumen keuangan. Dalam melakukan instrument. To make that assessment,
penilaian tersebut, Grup membandingkan The Group compares the risk of default
risiko gagal bayar yang terjadi pada tanggal occurring on the financial instrument as at the
pelaporan dengan risiko gagal bayar pada saat reporting date with the risk of default occurring
pengakuan awal, serta mempertimbangkan on the financial instrument as at the date of
informasi, termasuk informasi masa lalu, initial recognition and consider reasonable and
kondisi saat ini, dan informasi bersifat supportable information, including past data,
perkiraan masa depan (forward-looking), yang current conditions and forward-looking
wajar dan terdukung yang tersedia tanpa biaya information, that is available without undue
atau upaya berlebihan. cost or effort.
Grup mengukur cadangan kerugian sepanjang The Group measures the loss allowance for a
umurnya, jika risiko kredit atas instrumen financial instrument at an amount equal to the
keuangan tersebut telah meningkat secara lifetime expected credit losses if the credit risk
signifikan sejak pengakuan awal, jika tidak, on that financial instrument has increased
maka Grup mengukur cadangan kerugian significantly since initial recognition, otherwise,
untuk instrumen keuangan tersebut sejumlah the Group measures the loss allowance for
kerugian kredit ekspektasian 12 bulan. Suatu that financial instrument at an amount equal to
evaluasi yang bertujuan untuk mengidentifikasi 12-month expected credit losses. Evaluation of
jumlah cadangan kerugian ekspektasian yang financial assets to determine the allowance for
harus dibentuk, dilakukan secara berkala pada expected loss to be provided is performed
setiap periode pelaporan. Oleh karena itu, saat periodically in each reporting period.
dan besaran jumlah cadangan kerugian Therefore, the timing and amount of allowance
ekspektasian yang tercatat pada setiap for expected credit loss recorded at each
periode dapat berbeda tergantung pada period might differ based on the judgments
pertimbangan atas informasi yang tersedia and estimates that are available or valid at
atau berlaku pada saat itu. each period.
Nilai tercatat aset keuangan Grup dalam The carrying values of the Group’s financial
kategori aset keuangan pada biaya perolehan assets at amortized cost as at December 31,
diamortisasi tanggal 31 Desember 2025 dan 2025 and 2024 are as follows:
2024 adalah sebagai berikut:
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2025 2024
Kas dan bank 9.180.682 8.828.002 Cash and cash in banks
Investasi jangka pendek Short-term investments
Penempatan pada Bank
Indonesia Placements in Bank Indonesia
dan Bank lain 8.655.784 11.106.035 and with other banks
Deposito berjangka 3.894.479 2.955.592 Time deposits
Efek-efek 12.700.966 6.206.005 Securities
Efek-efek yang dibeli Securities purchased under
dengan janji jual Kembali 1.394.940 192.215 agreements to resell
Piutang pembiayaan Multipurpose financing
multiguna - bersih 1.262.692 1.537.356 receivables - net
Piutang Pembiayaan Working capital financing
Modal Kerja with factoring
Skema anjak piutang 1.164.388 1.474.546 scheme receivables - net
Piutang transaksi efek 652.467 171.354 Securities transaction receivables
Piutang lain-lain - bersih 2.694.439 3.557.261 Other receivables - net
Kredit yang diberikan- bersih 10.857.033 12.618.690 Loans - net
Tagihan akseptasi - bersih 161.224 38.129 Acceptance receivables - net
Aset lain-lain 3.017.620 102.089 Other assets
Jumlah 55.636.714 48.787.274 Total
d. Komitmen Sewa d. Lease Commitmens
Grup Sebagai Penyewa Group as Lessee
Grup telah menandatangani sejumlah The Group has entered into various lease
perjanjian sewa ruangan, kendaraan, mesin agreements for commercial spaces,
dan peralatan. Grup menentukan bahwa sewa machineries and equipment. The Group has
tersebut memenuhi kriteria pengakuan dan determined that those leases meet the criteria
pengukuran aset hak-guna dan liabilitas sewa for recognition and measurement of right-to-
sesuai dengan PSAK No. 116, Sewa. use assets and lease liabilities in accordance
with SFAS No. 116, Leases.
Grup Sebagai Pesewa Group as Lessor
Grup telah menandatangani sejumlah The Group has entered into various
perjanjian sewa ruangan. Grup menentukan commercial space lease agreements. The
bahwa sewa tersebut adalah sewa operasi Group has determined that those are
karena Grup menanggung secara signifikan operating leases since the Group bears
seluruh risiko dan manfaat dari kepemilikan substantially all the significant risks and
aset-aset tersebut. rewards of ownership of the related assets.
e. Pajak Penghasilan e. Income Tax
Pertimbangan yang signifikan dibutuhkan Significant judgment is required in determining
untuk menentukan jumlah pajak penghasilan. the provision for income taxes. There are
Terdapat sejumlah transaksi dan perhitungan many transactions and calculations for which
yang menimbulkan ketidakpastian penentuan the ultimate tax determination is uncertain due
jumlah pajak penghasilan karena interpretasi to different interpretation of tax regulations.
atas peraturan pajak yang berbeda. Jika hasil Where the final tax outcome of these matters
pemeriksaan pajak berbeda dengan jumlah is different from the amounts that were initially
yang sebelumnya telah dibukukan, maka recorded, such differences will have an impact
selisih tersebut akan berdampak terhadap aset on the current and deferred income tax assets
dan liabilitas pajak kini dan tangguhan dalam and liabilities in the period in which such
periode dimana hasil pemeriksaan tersebut determination is made.
terjadi.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Estimasi dan Asumsi Estimates and Assumptions
Asumsi utama mengenai masa depan dan sumber The key assumptions concerning the future and
utama lain dalam mengestimasi ketidakpastian other key sources of estimation uncertainty at the
pada tanggal pelaporan yang mempunyai risiko reporting date that have a significant risk of causing
signifikan yang dapat menyebabkan penyesuaian a material adjustment to the carrying amounts of
material terhadap nilai tercatat aset dan liabilitas assets and liabilities within the next financial period
dalam periode berikutnya diungkapkan di bawah are disclosed below. The Group based its
ini. Grup mendasarkan asumsi dan estimasi pada assumptions and estimates on parameters
parameter yang tersedia saat laporan keuangan available when the consolidated financial
konsolidasian disusun. Kondisi yang ada dan statements were prepared. Existing circumstances
asumsi mengenai perkembangan masa depan and assumptions about future developments may
dapat berubah karena perubahan situasi pasar change due to market changes on circumstances
yang berada di luar kendali Grup. Perubahan arising beyond the control of the Group. Such
tersebut tercermin dalam asumsi ketika keadaan changes are reflected in the assumptions when
tersebut terjadi: they occur:
a. Nilai Wajar Aset Keuangan dan Liabilitas a. Fair Value of Financial Assets and
Keuangan Financial Liabilities
Standar Akuntansi Keuangan di Indonesia Indonesian Financial Accounting Standards
mensyaratkan pengukuran aset keuangan dan require measurement of certain financial
liabilitas keuangan tertentu pada nilai assets and liabilities at fair values, and the
wajarnya, dan penyajian ini mengharuskan disclosure requires the use of estimates.
penggunaan estimasi. Komponen pengukuran Significant component of fair value
nilai wajar yang signifikan ditentukan measurement is determined based on
berdasarkan bukti-bukti objektif yang dapat verifiable objective evidence (i.e. foreign
diverifikasi (seperti nilai tukar, suku bunga), exchange rate, interest rate), while timing and
sedangkan saat dan besaran perubahan nilai amount of changes in fair value might differ
wajar dapat menjadi berbeda karena due to different valuation method used.
penggunaan metode penilaian yang berbeda.
Nilai wajar aset keuangan dan liabilitas The fair value of financial assets and liabilities
keuangan diungkapkan pada Catatan 52. are set out in Note 52.
b. Estimasi Masa Manfaat Properti Investasi b. Estimated Useful Lives of Investment
dan Aset Tetap Properties and Property, Plant and
Equipment
Masa manfaat dari masing-masing properti The useful life of each of the item of the
investasi dan aset tetap Grup diestimasi Group’s investment properties and property,
berdasarkan jangka waktu aset tersebut plant and equipment are estimated based on
diharapkan tersedia untuk digunakan. Estimasi the period over which the asset is expected to
tersebut didasarkan pada penilaian kolektif be available for use. Such estimation is based
berdasarkan bidang usaha yang sama, on a collective assessment of similar business,
evaluasi teknis internal dan pengalaman internal technical evaluation and experience
dengan aset sejenis. Estimasi masa manfaat with similar assets. The estimated useful life of
setiap aset ditelaah secara berkala dan each asset is reviewed periodically and
diperbarui jika estimasi berbeda dari perkiraan updated if expectations differ from previous
sebelumnya yang disebabkan karena estimates due to physical wear and tear,
pemakaian, usang secara teknis atau technical or commercial obsolescence, and
komersial serta keterbatasan hak atau legal or other limits on the use of the asset. It
pembatasan lainnya terhadap penggunaan is possible, however, that future results of
aset. Dengan demikian, hasil operasi di masa operations could be materially affected by
mendatang mungkin dapat terpengaruh secara changes in the amounts and timing of
signifikan oleh perubahan dalam jumlah dan recorded expenses brought about by changes
waktu terjadinya biaya karena perubahan yang in the factors mentioned above. A reduction in
disebabkan oleh faktor-faktor yang disebutkan the estimated useful life of any item of
di atas. Penurunan estimasi masa manfaat investment properties and property plant and
ekonomis setiap aset tetap akan equipment would increase the recorded
menyebabkan kenaikan beban penyusutan depreciation and decrease the carrying values
dan penurunan nilai tercatat aset tetap. of these assets.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Nilai tercatat properti investasi dan aset tetap The carrying value of these assets are set out
diungkapkan pada Catatan 17 dan 18. in Notes 17 and 18.
c. Penilaian dari liabilitas kontrak asuransi c. Valuation of insurance contract liabilities
Estimasi Arus Kas Masa Depan Estimated of Expected Future Cash Flows
Dalam mengestimasi arus kas masa depan, In estimating future cash flows, the Group
Grup memasukan, secara tidak bias, seluruh uses probability-weighted estimates that
informasi yang wajar dan dapat didukung are unbiased and incorporate all
yang tersedia pada tanggal pelaporan. reasonable and supportable information
Informasi tersebut mencakup data historis available at the reporting date without
internal dan eksternal mengenai klaim dan undue cost or effort. Such information
pengalaman lainnya, yang diperbaharui untuk includes relevant internal and external
mencerminkan ekspektasi terkini atas historical data on claims and other
peristiwa di masa depan. experience, which are updated to reflect
current expectations of future events and
conditions.
Estimasi arus kas masa depan Estimates of future cash flows are
mencerminkan pandangan Grup atas kondisi developed from the Group’s perspective
terkini pada tanggal pelaporan, sepanjang and reflect current conditions at the
estimasi atas setiap variabel pasar yang reporting date. To the extent that the
relevan konsisten dengan harga pasar yang estimates include relevant market
dapat diobservasi. variables, those variables are consistent
with observable market prices at that date.
Arus kas yang berada dalam batas kontrak Cash flows within the contract boundary
adalah arus kas yang berhubungan secara comprise cash flows that arise from the
langsung dengan pemenuhan kontrak, substantive rights and obligations of the
termasuk arus kas yang jumlah atau waktu Group and are directly attributable to the
terjadinya berada dalam diskresi Grup, yang fulfilment of the insurance contract,
mencakup pembayaran kepada pemegang including cash flow for which the Group
polis, arus kas akuisisi asuransi, serta biaya has discretion over the amount or timing,
lain yang timbul dalam rangka pemenuhan which include payments to the
kontrak. policyholders, insurance acquisition cash
flows, and other cost that are incurred in
fulfilling the insurance contract.
Arus kas akuisisi asuransi dan biaya lainnya Insurance acquisition cash flows and
yang timbul dalam rangka pemenuhan other costs incurred in fulfilling the
kontrak mencakup biaya langsung serta contract include direct attributable costs
alokasi biaya overhead. Arus kas yang dapat and fixed and variable overhead costs.
diatribusikan pada aktivitas akuisisi dan Cash flows that are attributable to
aktivitas pemenuhan lainnya dialokasikan ke acquisition activities and other fulfilment
kelompok kontrak dengan menggunakan activities are allocated to groups of
metode yang sistematis dan rasional serta contracts using methods that are
diterapkan secara konsisten. systematic and rational and are applied
consistently.
Tingkat diskonto Discount rates
Grup menetapkan tingkat diskonto untuk The Group determines discount rates to
mengukur arus kas masa depan kontrak measure the future cash flows of
asuransi, yaitu tingkat diskonto yang insurance contract, such that the discount
mencerminkan nilai waktu dari uang, rates reflect the time value of money, the
karakteristik arus kas liabilitas kontrak characteristics of the cash flows of the
asuransi, serta konsistensi dengan informasi insurance contract liabilities, and
pasar yang dapat diobservasi pada tanggal consistency with observable market
pelaporan. information at the reporting date.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Grup mengadopsi pendekatan bottom-up, The Group adopts a bottom-up approach
dimana tingkat diskonto didasarkan pada risk- in which discount rates are based on the
free yield curve dan penyesuaian untuk risk-free yield curve and an adjustment for
illiquidity premium. Untuk illiquidity premium, illiquidity premium. For illiquidity premium,
kategori likuiditas rendah diberikan illiquidity buckets are assigned using an
menggunakan system penilaian obyektif yang objective scoring system that is based on
didasarkan pada karateristik likuiditas rendah the illiquidity characteristics of portfolio.
dari produk di setiap portfolio.
Penyesuaian Risiko untuk Risiko Risk Adjustment for Non-Financial Risk
Non Keuangan
Penyesuaian risiko untuk risiko The risk adjustment for non-financial risk
non keuangan ditentukan untuk is determined to reflect the compensation
mencerminkan kompensasi yang dibutuhkan required by the Group for bearing non
oleh Grup atas penanggungan risiko non financial risk and its degree of risk
keuangan dan tingkat aversi risikonya. aversion. The risk adjustment reflects the
Penyesuaian risiko ini mencerminkan dampak effects of diversification benefits across
manfaat diversifikasi antar berbagai lini bisnis, different lines of business, which are
yang ditentukan dengan menggunakan teknik determined using a correlation matrix
matriks korelasi. technique.
Penyesuaian risiko untuk risiko The risk adjustment for non-financial risk
non keuangan ditentukan dengan is determined using the confidence level
menggunakan teknik tingkat keyakinan technique. In determining the risk
(confidence level technique). Dalam adjustment for non-financial risk for
menentukan penyesuaian risiko untuk risiko reinsurance contracts, the Group applies
non keuangan atas kontrak reasuransi, Grup the same approach as that used for the
menerapkan pendekatan yang sama dengan underlying insurance contracts to the cash
yang digunakan untuk kontrak asuransi yang flows attributable to reinsurance.
mendasarinya atas arus kas yang dapat
diatribusikan kepada reasuransi.
Amortisasi Marjin Jasa Kontraktual Amortisation of the Contractual Service
Margin
CSM merupakan komponen dari aset atau The CSM is a component of the asset or
liabilitas untuk kelompok kontrak asuransi liability for a group of insurance contracts
yang merepresentasikan laba yang belum that represents the unearned profit that
diakui yang akan diakui oleh Grup seiring the Group will recognise as it provides
dengan penyediaan jasa asuransi di masa insurance contract services in the future.
depan. Sejumlah CSM untuk suatu kelompok An amount of the CSM for a group of
kontrak asuransi diakui dalam laba rugi insurance contracts is recognised in profit
sebagai pendapatan asuransi pada setiap or loss as insurance revenue in each
periode untuk mencerminkan jasa kontrak period to reflect the insurance contract
asuransi yang diberikan berdasarkan services provided under that group of
kelompok kontrak asuransi tersebut pada insurance contracts in the relevant period.
periode bersangkutan.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Jumlah CSM yang diakui ditentukan melalui The amount of CSM recognised is
tahapan sebagai berikut: determined through the following steps:
• Mengidentifikasi unit pertanggungan • Identifying the coverage units in the
(coverage units) dalam kelompok group of cointracts.
kontrak.
• Mengalokasikan CSM pada akhir • Allocating the CSM at the end of the
periode pelaporan (sebelum pengakuan reporting period (before recognising
jumlah apa pun dalam laba rugi untuk any amounts in profit or loss to reflect
mencerminkan jasa kontrak asuransi the insurance contract services
yang diberikan pada periode tersebut) provided in that period) on a
secara merata kepada setiap unit systematic and rational basis to each
pertanggungan yang diberikan pada coverage unit provided in the current
periode berjalan dan yang diharapkan period and expected to be provided in
akan diberikan di masa depan; dan the future; and
• Mengakui dalam laba rugi jumlah CSM • Recognising in profit or loss the
yang dialokasikan kepada unit amount of the CSM allocated to the
pertanggungan yang diberikan pada coverage units provided in the current
periode berjalan. period.
Jumlah unit pertanggungan dalam suatu The number of coverage units in a group
kelompok merupakan kuantitas jasa kontrak represents the quantity of insurance
asuransi yang diberikan oleh kontrak kontrak contract services provided by the
dalam kelompok tersebut, yang ditentukan contracts within that group, determined by
dengan mempertimbangkan kuantitas considering both the quantity of benefits
manfaat yang diberikan serta periode provided and the expected coverage
pertanggungan yang diharapkan. Total unit period. The total coverage units for each
pertanggungan dari setiap kelompok kontrak group of insurance contracts are
asuransi dinilai kembali pada akhir setiap reassessed at the end of each reporting
periode pelaporan untuk menyesuaikan period to reflect reductions in remaining
dengan penurunan sisa pertanggungan coverage resulting from claims paid,
akibat klaim yang dibayar, ekspektasi lapse, expected lapses, and contract
serta pembatalan kontrak yang terjadi dalam cancellations occurring during the period.
periode tersebut. Selanjutnya, unit The coverage units are subsequently
pertanggungan tersebut dialokasikan allocated based on the probability
berdasarkan rata-rata durasi tertimbang weighted average duration of each
probabilitas dari setiap unit pertanggungan coverage unit provided in the current
yang diberikan pada periode berjalan dan period and those expected to be provided
yang diharapkan akan diberikan di masa in the future.
depan.
Untuk kontrak reasuransi yang dimiliki, For reinsurance contracts held, the
amortisasi CSM dilakukan dengan cara yang amortisation of the CSM is performed in a
serupa dengan kontrak reasuransi yang manner consistent with that applied to
diterbitkan dan mencerminkan pola yang issued reinsurance contracts and reflects
diharapkan dari penjaminan atas kontrak the expected pattern of coverage of the
kontrak yang mendasarinya, karena tingkat underlying contracts, as the level of
jasa yang diberikan bergantung pada jumlah services provided depends on the number
kontrak yang mendasari yang masih berlaku. of underlying contracts that remain in
force.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
d. Imbalan Kerja Jangka Panjang d. Long-term Employee Benefits
Penentuan liabilitas imbalan kerja jangka The determination of the long-term employee
panjang dipengaruhi oleh asumsi tertentu yang benefits is dependent on the selection of
digunakan oleh aktuaris dalam menghitung certain assumptions used by actuary in
jumlah tersebut. Asumsi-asumsi tersebut calculating such amounts. Those assumptions
dijelaskan dalam Catatan 47 dan mencakup, are described in Note 47 and include, among
antara lain, tingkat kenaikan gaji, dan tingkat others, rate of salary increase, and discount
diskonto yang ditentukan dengan mengacu rate which is determined after giving
pada imbal atas bunga obligasi pemerintah consideration to interest rates of high-quality
dalam mata uang yang sama dengan mata corporate bonds that are denominated in the
uang pembayaran imbalan dan memiliki currency in which the benefits are to be paid
jangka waktu yang mendekati estimasi jangka and have terms of maturity approximating the
waktu liabilitas imbalan kerja jangka panjang terms of the related employee benefits liability.
tersebut. Hasil aktual yang berbeda dengan Actual results that differ from the Group’s
asumsi Grup dibukukan pada penghasilan assumptions are charged to other
komprehensif lain dan dengan demikian, comprehensive income and therefore,
berdampak pada jumlah penghasilan generally affect the recognised other
komprehensif lain yang diakui dan liabilitas comprehensive income and recorded
yang tercatat pada periode-periode obligation in such future periods. While it is
mendatang. Manajemen berkeyakinan bahwa believed that the Group’s assumptions are
asumsi-asumsi yang digunakan adalah tepat reasonable and appropriate, significant
dan wajar, namun demikian, perbedaan differences in actual experience or significant
signifikan pada hasil aktual, atau perubahan changes in assumptions may materially affect
signifikan dalam asumsi-asumsi tersebut dapat the amount of long-term employee benefits
berdampak signifikan pada jumlah liabilitas liability.
imbalan kerja jangka panjang.
Nilai tercatat liabilitas imbalan kerja jangka The carrying value of long-term employee
panjang diungkapkan pada Catatan 47. benefits liability is disclosed in Note 47.
e. Aset Pajak Tangguhan e. Deferred Tax Assets
Aset pajak tangguhan diakui untuk semua Deferred tax assets are recognised for all
perbedaan temporer antara nilai tercatat aset temporary differences between the financial
dan liabilitas pada laporan keuangan dengan statements’ carrying amounts of existing
dasar pengenaan pajak jika kemungkinan assets and liabilities and their respective taxes
besar jumlah laba kena pajak akan memadai bases to the extent that it is probable that
untuk pemanfaatan perbedaan temporer yang taxable profit will be available against which
diakui. Estimasi manajemen yang signifikan the temporary differences can be utilized.
diperlukan untuk menentukan jumlah aset Significant management estimates are
pajak tangguhan yang diakui berdasarkan required to determine the amount of deferred
kemungkinan waktu terealisasinya dan jumlah tax assets that can be recognised, based upon
laba kena pajak pada masa mendatang serta the likely timing and the level of future taxable
strategi perencanaan pajak masa depan. profits together with future tax planning
strategies.
Nilai tercatat aset pajak tangguhan The carrying value of deferred tax assets is
diungkapkan pada Catatan 48. disclosed in Note 48.
f. Penurunan Nilai Aset Non-Keuangan f. Impairment of Non-Financial Assets
Penelaahan atas penurunan nilai dilakukan Impairment review is performed when certain
apabila terdapat indikasi penurunan nilai aset impairment indicators are present. Determining
tertentu. Penentuan nilai wajar aset the fair value of assets requires the estimation
membutuhkan estimasi arus kas yang of cash flows expected to be generated from
diharapkan akan dihasilkan dari pemakaian the continued use and ultimate disposition of
berkelanjutan dan pelepasan akhir atas aset such assets. Any significant changes in the
tersebut. Perubahan signifikan dalam asumsi- assumptions used in determining the fair value
asumsi yang digunakan untuk menentukan may materially affect the assessment of
nilai wajar dapat berdampak signifikan pada recoverable values and any resulting
nilai terpulihkan dan jumlah kerugian impairment loss could have a material impact
penurunan nilai yang terjadi mungkin on the Group’s result of operations.
berdampak material pada hasil operasi Grup.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Nilai tercatat aset non-keuangan properti The carrying value of these non-financial
investasi, aset tetap dan agunan yang diambil assets in the form of investment properties,
alih masing-masing diungkapkan pada property, plant and equipment, and foreclosed
Catatan 18, 19 dan 20. properties are disclosed in Notes 18, 19 and
20, respectively.
4. Kas dan Bank 4. Cash and Cash in Banks
Terdiri dari: These consist of:
2025 2024
Kas Cash on hand
Rupiah 394.837 414.307 Rupiah
Mata uang asing (Catatan 51) 79.180 96.476 Foreign currencies (Note 51)
Jumlah 474.017 510.783 Total
Bank Bank
Pihak ketiga Third parties
Rupiah Rupiah
PT Bank Jago Tbk 454.781 235.896 PT Bank Jago Tbk
PT Bank China Construction Bank PT Bank China Construction Bank
Indonesia Tbk 501.038 135 Indonesia Tbk
PT Super Bank Indonesia Tbk 148.740 - PT Super Bank Indonesia Tbk
PT Bank DBS Indonesia 45.417 181 PT Bank DBS Indonesia
PT Bank Seabank Indonesia 66.896 - PT Bank Seabank Indonesia
PT Bank Capital Indonesia Tbk 366 54.361 PT Bank Capital Indonesia Tbk
PT Bank Mayapada PT Bank Mayapada
International Tbk 25.031 25.615 International Tbk
PT Bank Tabungan Negara (Persero) PT Bank Tabungan Negara (Persero)
Syariah Tbk 25.017 - Syariah Tbk
PT Bank Central Asia Tbk 55.589 15.036 PT Bank Central Asia Tbk
Standard Chartered Bank Standard Chartered Bank
Indonesia 8.389 11.044 Indonesia
PT Bank Neo Commerce Tbk 8.199 254 PT Bank Neo Commerce Tbk
PT Bank Negara Indonesia PT Bank Negara Indonesia
(Persero) Tbk 13.297 9.210 (Persero) Tbk
PT Bank CIMB Niaga Tbk 10.708 7.863 PT Bank CIMB Niaga Tbk
PT Bank ICBC Indonesia 4.043 5.791 PT Bank ICBC Indonesia
PT Bank Mandiri (Persero) Tbk 3.150 4.273 PT Bank Mandiri (Persero) Tbk
PT Bank Mega Tbk 525 1.420 PT Bank Mega Tbk
Lain-lain (saldo masing-masing Others (balance below
dibawah Rp5.000) 27.517 156.137 Rp5,000 each)
Jumlah 1.398.703 527.216 Total
Mata uang asing (Catatan 51) Foreign currencies (Note 51)
PT Bank CIMB Niaga Tbk 182.924 679.853 PT Bank CIMB Niaga Tbk
Standard Chartered Bank, Standard Chartered Bank,
Amerika Serikat 138.781 473.438 Amerika Serikat
Bank of Amerika, Merrill Lynch Bank of Amerika, Merrill Lynch
Amerika Serikat 110.748 169.704 Amerika Serikat
Citibank, Indonesia 97.280 160.619 Citibank, Indonesia
Deutsche Bank Trust Company Deutsche Bank Trust Company
Americas, Amerika Serikat 131.950 151.576 Americas, Amerika Serikat
PT Bank Central Asia Tbk 54.365 103.083 PT Bank Central Asia Tbk
PT Bank Mandiri (Persero) Tbk 64.348 102.734 PT Bank Mandiri (Persero) Tbk
United Overseas Bank, United Overseas Bank,
Singapura 81.662 75.885 Singapura
PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia
(Persero) Tbk 4.302 43.777 (Persero) Tbk
Oversea Chinese Banking Corporation, Oversea Chinese Banking Corporation,
Singapura 13.754 26.337 Singapura
Bank of China, Indonesia 12.493 25.592 Bank of China, Indonesia
Deutsche Bank AG, Jerman 26.722 12.267 Deutsche Bank AG, Jerman
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2025 2024
Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Banking Corporation,
Jepang 57.386 11.275 Jepang
Aktif Bank, Turki 7.734 6.643 Aktif Bank, Turki
Standard Chartered Bank, Inggris 14.257 2.346 Standard Chartered Bank, Inggris
Lain-lain (saldo masing-masing Others (balance below
dibawah Rp5.000) 42.020 29.865 Rp5.000 each)
Jumlah 1.040.726 2.074.994 Total
Jumlah 2.439.429 2.602.210 Total
Giro pada Bank Indonesia Indonesia
Rupiah 6.034.791 5.032.452 Rupiah
Mata uang asing (Catatan 51) 179.225 673.985 Foreign currencies (Note 51)
Jumlah 6.214.016 5.706.437 Total
Segregated funds net assets
Aset pemegang polis Unit link, - Unit link, wakallah, and
wakallah dan Mudharabah mudharabah
Rupiah 39.143 9.056 Rupiah
Mata uang asing (Catatan 51) 14.340 81 Foreign currencies (Note 51)
Jumlah 53.483 9.137 Total
Jumlah 9.180.945 8.828.567 Total
Cadangan kerugian penurunan nilai (263) (565) Allowance for impairment
Jumlah 9.180.682 8.828.002 Total
Sesuai dengan ketentuan Bank Indonesia, BS, According to the regulation of Bank Indonesia, BS,
entitas anak, diwajibkan memiliki saldo giro a subsidiary, is required to maintain a minimum
minimum di Bank Indonesia untuk cadangan liquidity reserve of a certain percentage of third
likuiditas sebesar persentase tertentu dari dana party funds both in Rupiah and foreign currencies.
pihak ketiga baik dalam Rupiah maupun valuta
asing.
Tidak terdapat saldo kas dan bank yang tidak There are no cash and cash in banks that could not
dapat digunakan maupun dijaminkan. be used or pledged.
Rasio Giro Wajib Minimum (GWM) untuk mata Minimum liquidity reserves ratio for foreign and
uang Rupiah dan mata uang asing pada tanggal Rupiah currencies as at December 31, 2025 and
31 Desember 2025 dan 2024 adalah: 2024 are as follows:
2025 2024
GWM yang telah dibentuk Liquidity reserve
Rupiah Rupiah
GWM Primer Primary reserve
Konvensional 14,86 12,63 Conventional
Syariah 9,71 14,23 Sharia
GWM Sekunder/ Penyangga Secondary reserve/ Macroprudential
Likuiditas Makroprudensial Liquidity Buffer Ratio (PLM)
(PLM) Konvensional 42,15 30,24 Conventional
GWM Sekunder/ Penyangga Secondary reserve/ Macroprudential
Likuiditas Makroprudensial Liquidity Buffer Ratio (PLM)
(PLM) Syariah 48,17 59,90 Sharia
Mata uang asing Foreign currency
Konvensional 4,72 4,05 Conventional
Syariah 1,18 1,41 Sharia
- 87 -
Page 459
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Mutasi cadangan kerugian penurunan nilai adalah The changes in allowance for impairment losses
sebagai berikut: follows:
2025
Tahap 1/ Tahap 2/ Tahap 3/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Balance at the
Saldo awal tahun 565 - - 565 beginning of the year
Penambahan (pemulihan) Provision (reversal)
tahun berjalan (302) - - (302) during the year
Balance at the
Saldo akhir tahun 263 - - 263 end of the year
2024
Tahap 1/ Tahap 2/ Tahap 3/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Balance at the
Saldo awal tahun 1.389 - - 1.389 beginning of the year
Penambahan (pemulihan) Provision (reversal)
tahun berjalan (824) - - (824) during the year
Balance at the
Saldo akhir tahun 565 - - 565 end of the year
Manajemen berpendapat bahwa jumlah cadangan Management believes that the allowance for
kerugian penurunan nilai untuk saldo bank pada impairment losses on cash in bank as at December
tanggal 31 Desember 2025 dan 2024 adalah 31, 2025 and 2024 is adequate to cover possible
memadai untuk menutup kemungkinan kerugian losses arising from cash and cash in banks.
kas bank tersebut.
5. Investasi Jangka Pendek 5. Short-term Investments
2025 2024
Deposito berjangka 3.894.479 2.955.592 Time deposits
Penempatan pada Bank Indonesia Placements with Bank Indonesia
dan bank lain - bersih 8.655.784 11.106.035 and other banks - net
Segregated funds net assets
Aset pemegang polis unit link 19.852.080 19.323.978 - unit link
Efek-efek 46.036.897 37.448.963 Securities
Jumlah 78.439.240 70.834.568 Total
Cadangan kerugian penurunan nilai (189.538) (175.560) Allowance for impairment losses
Jumlah - bersih 78.249.702 70.659.008 Total - net
Mutasi cadangan kerugian penurunan nilai The changes in allowance for impairment losses on
investasi jangka pendek adalah sebagai berikut: short-term investment follows:
2025 2024
Balance at the beginning
Saldo awal tahun 175.560 175.445 of the year
Penambahan Provision during
berjalan 13.978 115 the year
Balance at the end
Saldo akhir tahun 189.538 175.560 of the year
- 88 -
Page 460
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Manajemen berpendapat bahwa jumlah cadangan Management believes that the allowance for
kerugian penurunan nilai investasi jangka pendek impairment losses on short term investment as at
pada tanggal 31 Desember 2025 dan 2024 adalah December 31, 2025 and 2024 is adequate to cover
cukup untuk menutup kemungkinan kerugian yang possible losses which might arise from these short-
akan timbul akibat tidak tertagihnya investasi term investments.
jangka pendek.
a. Deposito berjangka a. Time deposits
2025 2024
Pihak ketiga Third parties
Bank Banks
Rupiah 3.327.123 2.242.708 Rupiah
Mata uang asing (Catatan 51) 567.356 712.884 Foreign currencies (Note 51)
Jumlah 3.894.479 2.955.592 Total
Suku bunga per tahun deposito berjangka The interest rates per annum on time deposits are
adalah sebagai berikut: as follows:
2025 2024
Rupiah 0,10% - 6,50% 0,00% - 6,75% Rupiah
Mata uang asing 0,00% - 4,50% 0,00% - 4,50% Foreign currencies
Investasi jangka pendek dalam bentuk Short-term Investments in the form of time
deposito berjangka termasuk deposito deposits include time deposits with maturities
berjangka yang jatuh temponya lebih dari 3 of more than 3 months and guarantee deposits
bulan dan deposito wajib untuk memenuhi in compliance with the regulation of the
ketentuan Menteri Keuangan Republik Minister of Finance of the Republic of
Indonesia. Indonesia.
Pada tanggal 31 Desember 2025 dan 2024, As at December 31, 2025 and 2024 certain
terdapat deposito berjangka Perusahaan yang time deposits are pledged as collateral on
dijadikan jaminan untuk kredit yang diterima loans (Note 29).
(Catatan 29).
Pada tanggal 31 Desember 2025 dan 2024, As at December 31, 2025 and 2024, no
tidak dibentuk cadangan kerugian penurunan allowance for impairment losses was provided
nilai karena manajemen berpendapat bahwa on time deposits as management believes that
seluruh deposito berjangka dapat ditagih. all such time deposits are collectible.
b. Penempatan pada Bank Indonesia dan bank b. Placements with Bank Indonesia and other
lain banks
Penempatan pada Bank Indonesia dan bank Placements with Bank Indonesia and other
lain, merupakan penempatan oleh BS, entitas banks represent placements by BS, a
anak dengan rincian sebagai berikut: subsidiary, with details as follows:
2025 2024
Rupiah Rupiah
Bank Indonesia 1.091.234 7.632.464 Bank Indonesia
Bank lain 5.190.227 289.710 Other banks
Jumlah 6.281.461 7.922.174 Total
- 89 -
Page 461
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2025 2024
Mata uang asing (Catatan 51) Foreign currencies (Note 51)
Bank Indonesia 2.291.176 844.000 Bank Indonesia
Bank lain 83.375 2.340.000 Other banks
Jumlah 2.374.551 3.184.000 Total
Jumlah 8.656.012 11.106.174 Total
Cadangan kerugian penurunan nilai (228) (139) Allowance for impairment losses
Jumlah - bersih 8.655.784 11.106.035 Total - net
Pada tanggal 31 Desember 2025 dan 2024, As at December 31, 2025 and 2024,
penempatan pada bank lain dalam bentuk call placements with other banks in the form of call
money SIMA, penempatan pada Bank money SIMA, placement with Bank Indonesia
Indonesia dalam bentuk deposit facility dan in the form of deposits facility and term deposit
term deposit dikategorikan sebagai biaya are classified as at amortized cost.
perolehan diamortisasi.
Pada tanggal 31 Desember 2025 dan 2024, As at December 31, 2025 and 2024, there are
saldo penempatan pada bank lain dan Bank placements with other banks and Bank
Indonesia: Indonesia pledged:
1. Dikategorikan sebagai lancar. 1. Classified as current.
2. Tidak ada yang dijaminkan. 2. None as collateral.
3. Tidak ada yang diblokir. 3. None is blocked.
4. Tidak memiliki dana yang tidak dapat 4. None have un-disbursed funds in the
dicairkan pada bank bermasalah, bank troubled bank, frozen bank operations or
beku operasi atau likuidasi. liquidation.
Perubahan cadangan kerugian penurunan nilai The changes in allowance for impairment
penempatan pada bank lain adalah sebagai losses on palacement with other bank as
berikut: follows:
2025
Tahap 1/ Tahap 2/ Tahap 3/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Balance at the beginning
Saldo awal tahun 139 - - 139 of the year
Penambahan tahun
berjalan 89 - - 89 Additional during the year
Balance at the end
Saldo akhir tahun 228 - - 228 of the year
2024
Tahap 1/ Tahap 2/ Tahap 3/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Balance at the beginning
Saldo awal tahun 12 - - 12 of the year
Penambahan tahun
berjalan 127 - - 127 Additional during the year
Balance at the end
Saldo akhir tahun 139 - - 139 of the year
Pada tanggal 31 Desember 2025 dan 2024 As at December 31, 2025 and 2024, the
Grup tidak memiliki dana yang tidak dapat Group did not have undisbursed funds in the
dicairkan pada bank bermasalah, bank beku troubled bank, frozen bank operations or
operasi atau likuidasi. under liquidation.
- 90 -
Page 462
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Manajemen berpendapat bahwa jumlah Management believes that the allowance for
cadangan kerugian penurunan nilai untuk impairment losses as at December 31, 2025
saldo bank pada tanggal 31 Desember 2025 and 2024 is adequate to cover possible losses
dan 2024 adalah memadai untuk menutup arising from cash and cash in banks.
kemungkinan kerugian saldo bank tersebut.
c. Aset pemegang polis unit link c. Segregated Funds Net Assets - Unit Link
2025 2024
Unit reksa dana Units of mutual fund
Pihak berelasi (Catatan 50) Related parties (Note 50)
Rupiah 642.101 452.166 Rupiah
Mata uang asing (Catatan 51) 3.367 - Foreign currency (Note 51)
Jumlah - pihak berelasi 645.468 452.166 Total - related parties
Pihak ketiga Third parties
Rupiah 18.853.341 18.490.297 Rupiah
Mata uang asing (Catatan 51) 353.271 381.515 Foreign currency (Note 51)
Jumlah - pihak ketiga 19.206.612 18.871.812 Total third parties
Jumlah 19.852.080 19.323.978 Total
Pada tanggal 31 Desember 2025 dan 2024, aset As at December 31, 2025 and 2024, segregated
pemegang polis - unit link dikategorikan sebagai funds net assets - unit link are classified as
aset keuangan dalam kelompok diukur pada nilai financial assets at fair value through profit and loss.
wajar melalui laba rugi.
d. Efek-efek d. Securities
2025 2024
Pihak Berelasi (Catatan 50) Related parties (Note 50)
Rupiah Rupiah
Diukur pada nilai wajar melalui At fair value through profit or loss
laba rugi
Saham 1.647.227 1.458.604 Shares
Unit reksa dana 15.411 479.735 Units of mutual fund
Obligasi korporasi 1.149.390 5.050 Corporate bonds
Jumlah diukur pada nilai wajar Total at fair value through
melalui laba rugi 2.812.028 1.943.389 profit or loss
Diukur pada nilai wajar melalui At fair value through other
penghasilan komprehensif lain comprehensive income
Saham 225.890 1.337.938 Shares
Obligasi korporasi 136.094 1.361.931 Corporate bonds
Jumlah diukur pada nilai wajar melalui Total at fair value through
penghasilan komprehensif lain 361.984 2.699.869 other comprehensive income
Diukur pada biaya perolehan
diamortisasi At amortized cost
Tagihan atas wesel ekspor 13.659 32.821 Export bills
Jumlah Rupiah 3.187.671 4.676.079 Total Rupiah
Mata uang asing (Catatan 51) Foreign currency (Note 51)
Diukur pada nilai wajar melalui
laba rugi At fair value through profit or loss
Unit reksadana 406.302 53.071 Units of mutual fund
- 91 -
Page 463
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2025 2024
Diukur pada biaya perolehan
diamortisasi At amortized cost
Tagihan atas wesel ekspor 4.973 - Export bills
Jumlah diukur pada nilai wajar Total at fair value through
melalui laba rugi 411.275 53.071 profit or loss
Jumlah Mata Uang Asing 411.275 53.071 Total foreign currencies
Jumlah Pihak Berelasi 3.598.946 4.729.150 Total related parties
Pihak Ketiga Third parties
Rupiah Rupiah
Diukur pada nilai wajar melalui At fair value through
laba rugi profit or loss
Unit reksa dana 9.248.919 7.178.300 Unit of mutual fund
Obligasi korporasi 2.385.560 2.925.131 Corporate bonds
Obligasi pemerintah 1.508.275 1.408.201 Government bonds
Saham 506.910 533.966 Shares
Jumlah diukur pada nilai wajar Total at fair value through
melalui laba rugi 13.649.664 12.045.598 profit or loss
Diukur pada nilai wajar melalui At fair value through other
penghasilan komprehensif lain comprehensive income
Obligasi pemerintah 6.758.278 5.638.687 Government bonds
Obligasi korporasi 7.343.406 6.756.471 Corporate bonds
Saham 678.437 455.813 Shares
Jumlah Diukur pada nilai wajar melalui Total at fair value through
penghasilan komprehensif lain 14.780.121 12.850.971 other comprehensive income
Diukur pada biaya perolehan
diamortisasi At amortized cost
Obligasi pemerintah 6.891.427 1.566.736 Government bonds
Obligasi korporasi 6.525 6.700 Corporate bonds
Refinancing 300.000 - Refinancing
Jumlah diukur pada biaya perolehan
diamortisasi 7.197.952 1.573.436 Total at amortized cost
Jumlah Rupiah 35.627.737 26.470.005 Total Rupiah
Mata Uang Asing (Catatan 51) Foreign currency (Note 51)
Diukur pada nilai wajar melalui
laba rugi At fair value through profit or loss
Obligasi korporasi 253.905 230.679 Corporate bonds
Saham 137 77 Shares
Unit reksa dana - 395.295 Unit of mutual fund
Obligasi pemerintah - 18.845 Government bonds
Jumlah diukur pada nilai wajar Total at fair value through
melalui laba rugi 254.042 644.896 profit or loss
Diukur pada nilai wajar melalui At fair value through other
penghasilan komprehensif lain comprehensive income
Obligasi Pemerintah 353.510 226.325 Government bonds
Obligasi korporasi 718.280 778.839 Corporate bonds
Jumlah diukur pada nilai wajar melalui Total at fair value through
penghasilan komprehensif lain 1.071.790 1.005.164 other comprehensive income
Diukur pada biaya perolehan
diamortisasi At amortized cost
Obligasi Pemerintah 4.962.679 4.599.748 Government bonds
Obligasi korporasi 521.703 - Corporate bonds
- 92 -
Page 464
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2025 2024
Jumlah diukur pada biaya perolehan
diamortisasi 5.484.382 4.599.748 Total at amortized cost
Jumlah Mata Uang Asing 6.810.214 6.249.808 Total foreign currency
Jumlah Pihak Ketiga 42.437.951 32.719.813 Total Third Parties
Jumlah 46.036.897 37.448.963 Total
Cadangan kerugian penurunan nilai (189.310) (175.421) Allowance for impairment
Jumlah - bersih 45.847.587 37.273.542 Total net
Keuntungan (kerugian) yang belum direalisasi atas Unrealized gain (loss) on increase (decrease) at
kenaikan (penurunan) efek-efek yang diukur pada fair value through other comprehensive income of
nilai wajar melalui penghasilan komprehensif lain securities as at December 31, 2025 and 2024, is
pada tanggal 31 Desember 2025 dan 2024, dicatat presented as a part of other equity component on
sebagai bagian dari komponen ekuitas lainnya consolidated financial statements (Note 37).
dalam laporan posisi keuangan konsolidasian
(Catatan 37).
Obligasi Bonds
Berikut ini adalah rincian peringkat efek obligasi The corporate bonds’ rating from PT Pemeringkat
korporasi dari PT Pemeringkat Efek Indonesia Efek Indonesia (PT Pefindo), FitchRating, and
(PT Pefindo), FitchRating dan Standard & Poor’s Standard & Poor’s as reported by Indonesia Stock
seperti yang dilaporkan oleh Bursa Efek Indonesia Exchange and the maturity date of the bonds with
dan tanggal jatuh tempo obligasi dengan nilai nominal value of over Rp15,000 each, as at
nominal masing-masing di atas Rp15.000 pada December 31, 2025 and 2024, follows:
tanggal 31 Desember 2025 dan 2024:
Sukuk Ijarah Berkelanjutan III PLN Sukuk Ijarah Continuing III PLN
Tahap IV Tahun 2019 Seri E 01-Agu-39 idAAA idAAA(sy) Phase IV Year 2019 Series E
Sukuk Ijarah Berkelanjutan III PLN Sukuk Ijarah Continuing III Pln
Tahap V Tahun 2019 Seri E 01-Okt-39 idAAA idAAA Phase V Year 2019 Series E
MTN I Asian Bulk Logistic Tahun 2022 21-Jun-27 A+ idA+ MTN I Asian Bulk Logistic Tahun 2022
MTN Capital Strategic Invesco II MTN Capital Strategic Invesco II
Tahun 2022 08-Jun-27 A- A- Tahun 2022
MTN PT Wahana Interfood MTN PT Wahana Interfood
Nusantara Tbk I Nusantara Tbk I
Tahun 2023 Tahap II 18-Apr-28 BBB+ BBB+ Tahun 2023 Tahap II
MTN PT Dwi Guna Laksana Tbk MTN PT Dwi Guna Laksana Tbk
Tahun 2022 13-Jul-27 idA idA Tahun 2022
MTN XVI PP Properti Tahun 2022 26-Agu-25 idBBB-(IDN) MTN XVI PP Properti Tahun 2022
MTN I Sari Murni Abadi Tahun 2022 MTN I Sari Murni Abadi Tahun 2022
Tahap I 14-Des-27 BBB+ idBBB+ Tahap I
Obligasi Berkelanjutan III Adhi Karya Subordinated Bonds continuing III Adhi Karya
Tahap III Tahun 2022 Seri C 24-Mei-29 idA- idA- Phase III Tahun 2022 Seri C
Obligasi Subordinasi Berkelanjutan III Subordinated Bonds continuing III
Bank KB Bukopin Tahap 1 Tahun Bank KB Bukopin Tahap 1 Tahun
2021 Seri B 09-Sep-28 idAA AA(IDN) 2021 Seri B
Obligasi Berkelanjutan IV Indah Kiat Obligasi Berkelanjutan IV Indah Kiat
Pulp & Paper Tahap III Tahun Pulp & Paper Tahap III Tahun
2023 Seri B 21-Nov-26 IdA+ idA+ 2023 Seri B
Obligasi Berkelanjutan IV Indah Kiat Bonds Continuing IV Indah Kiat
Pulp & Paper Tahap III Tahun Pulp & Paper Tahap III Tahun
2023 Seri C 21-Nov-28 IdA+ idA+ 2023 Seri C
Obligasi Berkelanjutan II Merdeka Bonds Continuing II Merdeka
Copper Gold Tahap II Copper Gold Tahap II
Tahun 2021 Seri B 22-Apr-27 idA+ idA+ Tahun 2021 Seri B
Obligasi Berkelanjutan III PLN Bonds Continuing III PLN
Tahap VI Tahun 2020 Seri C 18-Feb-30 idAAA idAAA Tahap VI Tahun 2020 Seri C
Obligasi Berkelanjutan I Hutama Bonds Continuing I Hutama
Karya Tahap II Tahun 2017 06-Jun-27 idAAA idAAA(gg) Karya Tahap II Tahun 2017
Obligasi Berkelanjutan III PTPP Bonds Continuing III PTPP
Tahap I Tahun 2021 Seri B 02-Jul-26 idA idA Tahap I Tahun 2021 Seri B
Obligasi Berkelanjutan II Bonds Continuing II
SMMA Tahap IV Tahun 2023 07-Mar-33 AA AA SMMA Tahap IV Tahun 2023
Obligasi Berkelanjutan III Chandra Bonds Continuing III Chandra
Asri Petrochemical Tahap V Asri Petrochemical Tahap V
Tahun 2022 Seri C 08-Mar-32 idAA- idAA- Tahun 2022 Seri C
Obligasi Berkelanjutan IV Chandra Bonds Continuing IV Chandra
Asri Petrochemical Tahap II Asri Petrochemical Tahap II
Tahun 2023 Seri A 28-Feb-28 idAA- idAA- Tahun 2023 Seri A
- 93 -
Page 465
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tanggal
Jatuh Tempo/ Peringkat/Rating
Maturity
Date 2025 2024
Obligasi Berkelanjutan II Wijaya Bonds Continuing II Wijaya
Karya Tahap I Tahun 2021 Seri C 08-Sep-28 idCCC idBBB- Karya Tahap I Tahun 2021 Seri C
Obligasi Berkelanjutan IV Wom Bonds Continuing IV Wom
Finance Tahap Ii Tahun 2022 Finance Tahap Ii Tahun 2022
Seri B 08-Apr-25 idA AA(idn) Seri B
Obligasi Berkelanjutan IV Bonds Continuing IV
Summarecon Agung Tahap II Summarecon Agung Tahap II
Tahun 2023 Seri B 19-Okt-28 idA+ idA+ Tahun 2023 Seri B
Obligasi Berkelanjutan II Lontar Papyrus Bonds Continuing II Lontar Papyr
Pulp & Paper Industry Tahap II Pulp & Paper Industry Tahap II
Tahun 2023 Seri B 06-Okt-26 idA idA Tahun 2023 Seri B
Obligasi Berkelanjutan Oki Pulp Bonds Continuing Oki Pulp
& Paper Mills II Tahun 2023 & Paper Mills II Tahun 2023
Seri B 12-Okt-26 idA+ idA+ Seri B
Obligasi Berkelanjutan IV Toyota Bonds Continuing IV Toyota
Astra Financial Services Tahap I Astra Financial Services Tahap I
Tahun 2023 Seri C 11-Jul-28 AAA(IDN) AAA(IDN) Tahun 2023 Seri C
Obligasi Berkelanjutan VI Mandiri Bonds Continuing VI Mandiri
Tunas Finance Tahap I Tunas Finance Tahap I
Tahun 2023 Seri B 11-Jul-28 idAAA idAAA Tahun 2023 Seri B
Sukuk Ijarah Berkelanjutan II Sukuk Ijarah Berkelanjutan II
Aneka Gas Industri Tahap Aneka Gas Industri Tahap
Tahap III Tahun 2021 Seri C 06-Jul-28 A(IDN) A(IDN) Tahap III Tahun 2021 Seri C
Sukuk Ijarah Berkelanjutan I Sukuk Ijarah Berkelanjutan I
Sampoerna Agro Tahap II Sampoerna Agro Tahap II
Tahun 2021 Seri B 17-Mar-26 idA idA(sy) Tahun 2021 Seri B
Sukuk Mudharabah Berkelanjutan I Sukuk Mudharabah Berkelanjutan I
Indah Kiat Pulp and Paper Indah Kiat Pulp and Paper
Tahap II Tahun 2021 Seri C 08-Des-26 IdA+ idA+(sy) Tahap II Tahun 2021 Seri C
SBSN Seri PBS004 15-Feb-37 GOVT - SBSN Series PBS004
Obligasi Negara RI Seri FR0045 15-May-37 GOVT - Bonds Negara RI Series FR0045
Obligasi Negara RI Seri FR0052 15-Aug-30 GOVT - Bonds Negara RI Series FR0052
Obligasi Negara RI Seri FR0057 15-May-41 GOVT - Bonds Negara RI Series FR0057
Obligasi Negara RI Seri FR0075 15-May-38 GOVT - Bonds Negara RI Series FR0075
Obligasi Negara RI Seri FR0078 15-May-29 GOVT - Bonds Negara RI Series FR0078
SBSN Seri PBS005 15-Apr-43 GOVT - SBSN Series PBS005
SBSN Seri PBS015 15-Jul-47 GOVT - SBSN Series PBS015
Obligasi Negara RI Seri FR0068 15-Mar-34 GOVT - Bonds Negara RI Series FR0068
Obligasi Negara RI Seri FR0080 15-Jun-35 GOVT - Bonds Negara RI Series FR0080
Obligasi Negara RI Seri FR0096 15-Feb-33 GOVT - Bonds Negara RI Series FR0096
Obligasi Negara RI Seri FR0098 15-Jun-38 GOVT - Bonds Negara RI Series FR0098
Obligasi Negara RI Seri FR0101 15-Apr-29 GOVT - Bonds Negara RI Series FR0101
Obligasi Negara RI Seri FR0103 15-Jul-35 GOVT - Bonds Negara RI Series FR0103
SBSN Seri PBS029 15-Mar-34 GOVT - SBSN Series PBS029
SBSN Seri PBS037 15-Mar-36 GOVT - SBSN Series PBS037
Obligasi Berkelanjutan III Barito - Bonds Continuing III Barito
Pasifik Tahap II Pasifik Phase II
Tahun 2023 Seri A 28-Nov-26 idA+ - Year 2023 Series A
Obligasi Berkelanjutan III Barito Bonds Continuing III Barito
Pasifik Tahap II Pasifik Phase II
Tahun 2023 Seri B 28-Nov-28 idA+ - Year 2023 Series B
Obligasi Berkelanjutan III Barito Bonds Continuing III Barito
Pasifik Tahap II Pasifik Phase II
Tahun 2024 Seri B 16-Jul-29 idA+ - Year 2024 Series B
Obligasi Berkelanjutan IV Barito Bonds Continuing IV Barito
Pasifik Tahap I Pasifik Phase I
Tahun 2025 Seri B 10-Jul-32 idA+ - Year 2025 Series B
Obligasi I Dwi Guna Laksana Bonds I Dwi Guna Laksana
Tahun 2025 18-Jun-30 A- - Year 2025
Obligasi Berkelanjutan V Indah Kiat Bonds Continuing V Indah Kiat
Pulp & Paper Tahap V Tahun Pulp & Paper Phase V Year
2025 Seri B 30-Sep-30 idA+ - 2025 Series B
Obligasi Berkelanjutan I Lontar Papyrus Bonds Continuing I Lontar Papyru
Pulp & Paper Industry Tahap I Pulp & Paper Industry Phase I
Tahun 2021 Seri C 26-Jan-27 idA - Year 2021 Series C
Obligasi Berkelanjutan I Merdeka Bonds Continuing I Merdeka
Battery Materials Tahap III Battery Materials Phase III
Tahun 2025 Seri B 9-Dec-30 idA - Year 2025 Series B
Obligasi Berkelanjutan III Merdeka Bonds Continuing III Merdeka
Copper Gold Tahap III Copper Gold Phase III
Tahun 2022 Seri C 1-Sep-27 idA+ - Year 2022 Series C
Obligasi Berkelanjutan V Medco Bonds Continuing V Medco
Energi International Tahap III Energi International Phase III
Tahun 2025 Seri A 7-Jan-30 idAA- - Year 2025 Series A
Obligasi I Nirmala Taruna Bonds I Nirmala Taruna
Tahun 2023 Seri A 12-Jan-32 A+ - Year 2023 Series A
Obligasi I Nirmala Taruna Bonds I Nirmala Taruna
Tahun 2023 Seri B 12-Jan-33 A+ - Year 2023 Series B
Obligasi Berkelanjutan Oki Pulp Bonds Continuing Oki Pulp
& Paper Mills II Tahun 2022 & Paper Mills II Year 2022
Seri C 30-Mar-27 idA+ - Series C
- 94 -
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tanggal
Jatuh Tempo/ Peringkat/Rating
Maturity
Date 2025 2024
Obligasi II Pindo Deli Pulp & Paper Bonds II Pindo Deli Pulp & Paper
Mills Tahun 2025 27-Aug-30 idA+ - Mills Year 2025
Obligasi Berkelanjutan III PLN Bonds Continuing III PLN
Tahap IV Tahun 2019 Seri B 1-Aug-26 idAAA - Phase IV Year 2019 Series B
Obligasi Berkelanjutan III PLN Bonds Continuing III PLN
Tahap I Tahun 2018 Seri C 10-Jul-28 idAAA - Phase I Year 2018 Series C
Obligasi Berkelanjutan III PLN Bonds Continuing III PLN
Tahap III Tahun 2019 Seri D 19-Feb-29 idAAA - Phase III Year 2019 Series D
Obligasi Berkelanjutan III PLN Bonds Continuing III PLN
Tahap VI Tahun 2020 Seri D 18-Feb-35 idAAA - Phase VI Year 2020 Series D
Obligasi Berkelanjutan III PLN Bonds Continuing III PLN
Tahap IV Tahun 2019 Seri E 1-Aug-39 idAAA - Phase IV Year 2019 Series E
Obligasi Berkelanjutan II Hutama Bonds Continuing II Hutama
Karya Tahap I Karya Phase I
Tahun 2021 Seri C 7-Sep-28 idAA- - Year 2021 Series C
Obligasi Berkelanjutan I Pyridam Bonds Continuing I Pyridam
Farma Tahap III Tahun 2024 23-Feb-26 A-+ - Farma Phase III Year 2024
Obligasi Berkelanjutan IV Chandra Bonds Continuing IV Chandra
Asri Petrochemical Tahap IV Asri Petrochemical Phase IV
Tahun 2024 Seri A 1-Mar-27 idAA- - Year 2024 Series A
Obligasi Berkelanjutan IV Chandra Bonds Continuing IV Chandra
Asri Petrochemical Tahap IV Asri Petrochemical Phase IV
Tahun 2024 Seri C 1-Mar-31 idAA- - Year 2024 Series C
Eurobonds Indonesia 2030 15-Oct-30 GOVT - Eurobonds Indonesia 2030
Obligasi USD Berkelanjutan II Indah Bonds USD Continuing II Indah
Kiat Pulp & Paper Tahap I Kiat Pulp & Paper Phase I
Tahun 2024 Seri C 4-Oct-29 idA+ - Year 2024 Series C
Obligasi USD Berkelanjutan II Indah Bonds USD Continuing II Indah
Kiat Pulp & Paper Tahap IV Kiat Pulp & Paper Phase IV
Tahun 2025 Seri C 30-Sep-30 idA+ - Year 2025 Series C
SBSN Seri PBS032 15-Jul-26 GOVT - SBSN Series PBS032
SBSN Seri PBS038 15-Dec-49 GOVT - SBSN Series PBS038
SBSN Seri IFT0006 15-Mar-30 GOVT - SBSN Series IFT0006
SBSN Seri PBS012 15-Nov-31 GOVT - SBSN Series PBS012
Obligasi Berkelanjutan V Indah Kiat Bonds Continuing V Indah Kiat
Pulp & Paper Tahap III Pulp & Paper Phase III
Tahun 2025 Seri C 12-Mar-30 idA+ - Year 2025 Series C
Obligasi Berkelanjutan I Merdeka Bonds Continuing I Merdeka
Battery Materials Tahap III Battery Materials Phase III
Tahun 2025 Seri A 9-Dec-28 idA - Year 2025 Series A
Obligasi Berkelanjutan IV Bonds Continuing IV
Summarecon Agung Tahap III Summarecon Agung Phase III
Tahun 2024 Seri B 4-Jun-29 idA+ - Year 2024 Series B
Obligasi Berkelanjutan IV Chandra Bonds Continuing IV Chandra
Asri Petrochemical Tahap IV Asri Petrochemical Phase IV
Tahun 2021 Seri C 29-Oct-31 idAA- - Year 2021 Series C
Obligasi Waskita Beton Bonds Waskita Beton
Precast II Tahun 2023 25-Sep-28 idD - Precast II Year 2023
Obligasi Wajib Waskita Bonds Wajib Waskita
Beton Precast II Beton Precast II
Tahun 2023 12-Dec-33 idD - Year 2023
Eurobonds Indonesia 2028 11-Jan-28 GOVT - Eurobonds Indonesia 2028
Eurobonds Indonesia 2026-2 29-Mar-26 GOVT - Eurobonds Indonesia 2026-2
Obligasi Berkelanjutan III Bonds Continuing III
Barito Pasifik Tahap I Barito Pasifik Phase I
Tahun 2023 Seri B 8-Feb-28 idA+ - Year 2023 Series B
Obligasi Berkelanjutan IV Bonds Continuing IV
Bank VictoriaTahap I Bank VictoriaPhase I
Tahun 2025 4-Jul-28 idA- - Year 2025
Obligasi Berkelanjutan IV Bonds Continuing IV
Bank VictoriaTahap II Bank VictoriaPhase II
Tahun 2025 26-Sep-28 idA- - Year 2025
Obligasi Berkelanjutan VI Federal Bonds Continuing VI Federal
International FinanceTahap V International FinancePhase V
Tahun 2025 Seri B 15-Apr-28 idAAA - Year 2025 Series B
Obligasi Berkelanjutan V Indah Kiat Bonds Continuing V Indah Kiat
Pulp & Paper Tahap II Pulp & Paper Phase II
Tahun 2024 Seri C 5-Dec-29 idA+ - Year 2024 Series C
Obligasi I Nirmala Taruna Bonds I Nirmala Taruna
Tahun 2023 Seri c 12-Jan-34 A+ - Year 2023 Series c
Obligasi Berkelanjutan IV Bank Bonds Continuing IV Bank
Panin Tahap II Tahun 2024 12-Jan-34 idAA - Panin Phase II Year 2024
Obligasi Berkelanjutan II Pyridam Bonds Continuing II Pyridam
Farma Tahap I Tahun 2025 9-Jul-28 A- - Farma Phase I Year 2025
Obligasi Berkelanjutan I Bonds Continuing I
Sampoerna Agro Tahap III Sampoerna Agro Phase III
Tahun 2022 Seri B 2-Mar-27 idA - Year 2022 Series B
Obligasi Berkelanjutan VI Tower Bonds Continuing VI Tower
Bersama Infrastructure Tahap VI Bersama Infrastructure Phase VI
Tahun 2025 Seri A 21-Mar-28 AA+(IDN) - Year 2025 Series A
Obligasi Berkelanjutan VI Tower Bonds Continuing VI Tower
Bersama Infrastructure Tahap V Bersama Infrastructure Phase V
Tahun 2025 Seri B 12-Feb-28 AA+(IDN) - Year 2025 Series B
- 95 -
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tanggal
Jatuh Tempo/ Peringkat/Rating
Maturity
Date 2025 2024
Obligasi III Wahana Inti Selaras Bonds III Wahana Inti Selaras
Tahun 2024 Seri B 5-Jul-27 idA - Year 2024 Series B
Obligasi Negara RI Seri FR0087 15-Feb-31 GOVT - Bonds Negara RI Series FR0087
Obligasi Negara RI Seri FR0071 15-Mar-29 GOVT - Bonds Negara RI Series FR0071
Obligasi Negara RI Seri FR0085 15-Apr-31 GOVT - Bonds Negara RI Series FR0085
Obligasi Negara RI Seri FR0091 15-Apr-32 GOVT - Bonds Negara RI Series FR0091
Obligasi Negara RI Seri FR0095 15-Aug-28 GOVT - Bonds Negara RI Series FR0095
Obligasi Negara RI Seri FR0100 15-Feb-34 GOVT - Bonds Negara RI Series FR0100
SBSN Seri PBS003 15-Jan-27 GOVT - SBSN Series PBS003
SBSN Seri PBS030 15-Jul-28 GOVT - SBSN Series PBS030
MTN III Perum Perumnas MTN III Perum Perumnas
Tahun 2018 Seri B 10-Dec-26 idBBB- - Year 2018 Series B
MTN I Asian Bulk Logistic Tahun 2022 21-Jun-27 idA+ - MTN I Asian Bulk Logistic Year 2022
MTN Wahana Interfood Nusantara I MTN Wahana Interfood Nusantara I
Tahun 2022 Tahap I 06-Jul-28 idAA+ - Year 2022 Phase I
Obligasi Berkelanjutan VI Astra Bonds Continuing VI Astra
Sedaya Finance Tahap V Sedaya Finance Phase V
Tahun 2025 Seri B 14-Mar-28 AAA(IDN) - Year 2025 Series B
Obligasi Berkelanjutan VII Bonds Continuing VII
Adira Finance Tahap II Adira Finance Phase II
Tahun 2025 Seri A 31-Oct-26 idAAA - Year 2025 Series A
Obligasi Berkelanjutan VII Astra Bonds Continuing VII Astra
Sedaya Finance Tahap II Sedaya Finance Phase II
Tahun 2025 Seri A 24-Oct-28 idAAA - Year 2025 Series A
Obligasi Berkelanjutan III Bussan Bonds Continuing III Bussan
Auto Finance Tahap III Auto Finance Phase III
Tahun 2025 Seri B 28-May-28 idAAA - Year 2025 Series B
Obligasi Berkelanjutan VI BFI Bonds Continuing VI BFI
Finance Indonesia Tahap I Finance Indonesia Phase I
Tahun 2024 Seri C 25-Sep-27 AA- - Year 2024 Series C
Obligasi Berkelanjutan VI BFI Bonds Continuing VI BFI
Finance Indonesia Tahap II Finance Indonesia Phase II
Tahun 2025 Seri C 17-Jun-28 AA-(IDN) - Year 2025 Series C
Obligasi Berkelanjutan III Bonds Continuing III
Bank VictoriaTahap I Bank Victoria Phase I
Tahun 2023 Seri A 9-Mar-26 idA- - Year 2023 Series A
Obligasi Berkelanjutan I Bonds Continuing I
Medikaloka HerminaTahap II Medikaloka HerminaPhase II
Tahun 2022 Seri B 15-Jul-27 idAA - Year 2022 Series B
Obligasi Berkelanjutan IV Indah Bonds Continuing IV Indah
Kiat Pulp & Paper Tahap IV Kiat Pulp & Paper Phase IV
Tahun 2024 Seri B 4-Apr-27 idA+ - Year 2024 Series B
Obligasi Berkelanjutan IV Indah Bonds Continuing IV Indah
Kiat Pulp & Paper Tahap V Kiat Pulp & Paper Phase V
Tahun 2024 Seri B 21-Jun-27 idA+ - Year 2024 Series B
Obligasi Berkelanjutan II Bonds Continuing II
IndosatTahap II IndosatPhase II
Tahun 2017 Seri E 9-Nov-27 AAA(IDN) - Year 2017 Series E
Obligasi II Kereta Api Bonds II Kereta Api
Indonesua Tahun 2019 Indonesua Year 2019
Seri B 13-Dec-26 idAAA - Series B
Obligasi Berkelanjutan I Lontar Papyrus Bonds Continuing I Lontar Papyru
Pulp & Paper Industry Tahap II Pulp & Paper Industry Phase II
Tahun 2022 Seri C 22-Apr-27 idA - Year 2022 Series C
Obligasi Berkelanjutan I Lontar Papyrus Bonds Continuing I Lontar Papyru
Pulp & Paper Industry Tahap II Pulp & Paper Industry Phase II
Tahun 2025 Seri B 10-Dec-30 idA - Year 2025 Series B
Obligasi Berkelanjutan Oki Pulp Bonds Continuing Oki Pulp
& Paper Mills Tahap III & Paper Mills Phase III
Tahun 2024 Seri B 28-Mar-27 idA+ - Year 2024 Series B
Obligasi Berkelanjutan Oki Pulp Bonds Continuing Oki Pulp
& Paper Mills Tahap I & Paper Mills Phase I
Tahun 2023 Seri B 12-Oct-26 idA+ - Year 2023 Series B
Obligasi Berkelanjutan Oki Pulp Bonds Continuing Oki Pulp
& Paper Mills Tahap IV & Paper Mills Phase IV
Tahun 2024 Seri C 21-May-29 idA+ - Year 2024 Series C
Obligasi Berkelanjutan I Oki Pulp Bonds Continuing I Oki Pulp
& Paper Mills Tahap VI & Paper Mills Phase VI
Tahun 2024 Seri C 8-Nov-29 idA+ - Year 2024 Series C
Obligasi Berkelanjutan II Oki Pulp Bonds Continuing II Oki Pulp
& Paper Mills Tahap IV & Paper Mills Phase IV
Tahun 2025 Seri A 18-Jun-28 AAA - Year 2025 Series A
Obligasi Berkelanjutan II Oki Pulp Bonds Continuing II Oki Pulp
& Paper Mills Tahap IV & Paper Mills Phase IV
Tahun 2025 Seri B 18-Jun-30 idAAA - Year 2025 Series B
- 96 -
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tanggal
Jatuh Tempo/ Peringkat/Rating
Maturity
Date 2025 2024
Obligasi Berkelanjutan II Oki Pulp Bonds Continuing II Oki Pulp
& Paper Mills Tahap III & Paper Mills Phase III
Tahun 2025 Seri C 27-Mar-30 idAAA - Year 2025 Series C
Obligasi II Pindo Deli Pulp & Paper Bonds II Pindo Deli Pulp & Paper
Mills Tahun 2022 Seri C 14-Jul-27 idA+ - Mills Year 2022 Series C
Obligasi Berkelanjutan I Bonds Continuing I
Petrosea Tahap II Petrosea Phase II
Tahun 2025 Seri C 21-Mar-32 idA+ - Year 2025 Series C
Obligasi Berkelanjutan II Bonds Continuing II
SMMA Tahap IV Tahun 2025 23-Oct-30 AA - SMMA Phase IV Year 2025
Obligasi Berkelanjutan VI Tower Bonds Continuing VI Tower
Bersama Infrastructure Tahap IV Bersama Infrastructure Phase IV
Tahun 2024 Seri B 3-Dec-27 AA+(IDN) - Year 2024 Series B
Obligasi Berkelanjutan VI Tower Bonds Continuing VI Tower
Bersama Infrastructure Tahap VI Bersama Infrastructure Phase VI
Tahun 2025 Seri B 21-Mar-30 AA+(IDN) - Year 2025 Series B
Obligasi I TBS Energi Bonds I TBS Energi
Utama Tahun 2025 Seri A 3-Mar-26 idA - Utama Year 2025 Series A
Obligasi Berkelanjutan III Chandra Bonds Continuing III Chandra
Asri Petrochemical Tahap IV Asri Petrochemical Phase IV
Tahun 2021 Seri B 29-Oct-28 idAA- - Year 2021 Series B
Obligasi Berkelanjutan IV Chandra Bonds Continuing IV Chandra
Asri Petrochemical Tahap IV Asri Petrochemical Phase IV
Tahun 2024 Seri B 1-Mar-29 idAA- - Year 2024 Series B
Obligasi Berkelanjutan I Trimegah Bonds Continuing I Trimegah
Sekuritas Indonesia Tahap III Sekuritas Indonesia Phase III
Tahun 2025 Seri A 16-Jan-26 idA - Year 2025 Series A
Obligasi Berkelanjutan II Trimegah Bonds Continuing II Trimegah
Sekuritas Indonesia Tahap II Sekuritas Indonesia Phase II
Tahun 2025 Seri A 18-Oct-26 idA - Year 2025 Series A
Obligasi Berkelanjutan V Wom Bonds Continuing V Wom
Finance Tahap Ii Tahun 2025 Finance Phase Ii Year 2025
Seri B 24-Jun-28 idAAA - Series B
Obligasi Berkelanjutan III Waskita Bonds Continuing III Waskita
Karya Tahap Iii Tahun 2018 Karya Phase Iii Year 2018
Seri B 31-Dec-34 idB - Series B
SBSN Seri PBS022 15-Apr-34 GOVT - SBSN Series PBS022
Obligasi Negara RI Seri FR0084 15-Feb-26 GOVT - Bonds Negara RI Series FR0084
Obligasi Berkelanjutan I Bonds Continuing I
Oto Multiartha Tahap II Oto Multiartha Phase II
Tahun 2024 Seri C 4-Sep-29 idAAA - Year 2024 Series C
Obligasi Berkelanjutan IV Sanf Bonds Continuing IV Sanf
Dengan Tingkat Bunga Tetap Dengan Tingkat Bunga Tetap
Tahap Ii Tahun 2023 Seri B 16-Mar-26 idAA+ - Phase II Year 2023 Series B
Obligasi Berkelanjutan I Bank Bonds Continuing I Bank
BJB Tahap 1 Tahun 2024 BJB Phase 1 Year 2024
Seri B 10-Dec-29 idAA - Series B
Obligasi Berkelanjutan IV Bonds Continuing IV
Summarecon Agung Tahap I Summarecon Agung Phase I
Tahun 2022 8-Jul-27 idA+ - Year 2022
Obligasi II Wahana Inti Selaras Bonds II Wahana Inti Selaras
Tahun 2023 Seri B 08-Agu-26 idA - Year 2023 Series B
Obligasi Negara RI Seri FR0104 15-Jul-30 GOVT - Bonds Negara RI Series FR0104
Surat Berharga Perpetual Surat Berharga Perpetual
Berkelanjutan I Bank Bjb Continuing I Bank Bjb
Tahap I Tahun 2024 10-Jun-30 idA - Phase I Year 2024
Obligasi Subordinasi Berkelanjutan Bonds Subordinasi Continuing
IV Bank BJB Tahap 1 IV Bank BJB Phase 1
Tahun 2024 Seri A 5-Jul-29 idA+ - Year 2024 Series A
Obligasi Berkelanjutan III Barito Bonds Continuing III Barito
Pasifik Tahap III Pasifik Phase III
Tahun 2024 Seri A 16-Jul-27 idA+ - Year 2024 Series A
Obligasi Berkelanjutan III Bonds Continuing III
Bank VictoriaTahap II Bank VictoriaPhase II
Tahun 2024 12-Jul-27 idA- - Year 2024
Obligasi Berkelanjutan IV Bonds Continuing IV
Summarecon Agung Tahap III Summarecon Agung Phase III
Tahun 2024 Seri A 4-Jun-27 idA+ - Year 2024 Series A
Obligasi Berkelanjutan III Chandra Bonds Continuing III Chandra
Asri Petrochemical Tahap V Asri Petrochemical Phase V
Tahun 2022 Seri A 8-Mar-27 idAA- - Year 2022 Series A
Obligasi Berkelanjutan III Chandra Bonds Continuing III Chandra
Asri Petrochemical Tahap V Asri Petrochemical Phase V
Tahun 2021 Seri B 15-Apr-26 idAA- - Year 2021 Series B
Obligasi Berkelanjutan IV Chandra Bonds Continuing IV Chandra
Asri Petrochemical Tahap III Asri Petrochemical Phase III
Tahun 2023 Seri A 27-Sep-26 idAA- - Year 2023 Series A
Obligasi Berkelanjutan IV Chandra Bonds Continuing IV Chandra
Asri Petrochemical Tahap II Asri Petrochemical Phase II
Tahun 2023 Seri B 28-Feb-30 idAA- - Year 2023 Series B
- 97 -
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tanggal
Jatuh Tempo/ Peringkat/Rating
Maturity
Date 2025 2024
Obligasi III Wahana Inti Selaras Bonds III Wahana Inti Selaras
Tahun 2024 Seri C 5-Jul-29 idA - Year 2024 Series C
Sukuk Ijarah Berkelanjutan II PLN Sukuk Ijarah Continuing II PLN
Tahap II Tahun 2017 Seri C 3-Nov-32 idAAA - Phase II Year 2017 Series C
Sukuk Ijarah Berkelanjutan II PLN Sukuk Ijarah Continuing II PLN
Tahap III Tahun 2018 Seri D 22-Feb-38 idAAA - Phase III Year 2018 Series D
Sukuk Mudharabah Berkelanjutan IV Sukuk Mudharabah Continuing IV
Indah Kiat Pulp and Paper Indah Kiat Pulp and Paper
Tahap II Tahun 2024 Seri C 5-Dec-29 idA+ - Phase II Year 2024 Series C
Sukuk Mudharabah Berkelanjutan IV Sukuk Mudharabah Continuing IV
Indah Kiat Pulp and Paper Indah Kiat Pulp and Paper
Tahap V Tahun 2025 30-Sep-30 idA+ - Phase V Year 2025
Sukuk Mudharabah Berkelanjutan I Sukuk Mudharabah Continuing I
Lontar Papyrus Pulp & Paper Inds Lontar Papyrus Pulp & Paper Inds
Tahap II Tahun 2025 Seri C 11-Feb-30 idA - Phase II Year 2025 Series C
Sukuk Mudharabah Berkelanjutan I Sukuk Mudharabah Continuing I
Lontar Papyrus Pulp & Paper Inds Lontar Papyrus Pulp & Paper Inds
Tahap I Tahun 2025 Seri B 10-Dec-30 idA - Phase I Year 2025 Series B
Sukuk Mudharabah Oki Sukuk Mudharabah Oki
Pulp & Paper Mills Tahap II Pulp & Paper Mills Phase II
Tahun 2023 Seri B 12-Dec-26 idA+ - Year 2023 Series B
Sukuk Mudharabah Berkelanjutan Oki Sukuk Mudharabah Continuing Oki
Pulp & Paper Mills Tahap II Pulp & Paper Mills Phase II
Tahun 2025 Seri A 29-Jul-28 idA+ - Year 2025 Series A
Sukuk Mudharabah Berkelanjutan I Sukuk Mudharabah Continuing I
Pindo Deli Pulp & Paper Mills Pindo Deli Pulp & Paper Mills
Tahap III Tahun 2025 27-Aug-30 idA+ - Phase III Year 2025
Sukuk Mudharabah Berkelanjutan I Sukuk Mudharabah Continuing I
Hutama Karya Tahap I Hutama Karya Phase I
Tahun 2021 Seri C 7-Sep-28 idAA- - Year 2021 Series C
Sukuk Ijarah Berkelanjutan II Sukuk Ijarah Continuing II
Xl Axiata Tahap I Xl Axiata Phase I
Tahun 2018 Seri E 16-Oct-28 AA+(IDN)+ - Year 2018 Series E
Sukuk Mudharabah Berkelanjutan III Sukuk Mudharabah Continuing III
Indah Kiat Pulp and Paper Indah Kiat Pulp and Paper
Tahap III Tahun 2023 Seri B 21-Nov-26 IdA+ - Phase III Year 2023 Series B
Sukuk Wakalah Berkelanjutan I Sukuk Wakalah Continuing I
Medco Power Indonesia Medco Power Indonesia
Tahap IV Tahun 2025 Seri B 7-Feb-30 IdA - Phase IV Year 2025 Series B
Sukuk Ijarah Berkelanjutan I Sukuk Ijarah Continuing I
Petrosea Tahap II Petrosea Phase II
Tahun 2025 Seri C 21-Mar-32 IdA+ - Year 2025 Series C
Sukuk Mudharabah Berkelanjutan IV Sukuk Mudharabah Continuing IV
Indah Kiat Pulp and Paper Indah Kiat Pulp and Paper
Tahap I Tahun 2024 Seri B 4-Oct-29 idA+ - Phase I Year 2024 Series B
Sukuk Mudharabah Berkelanjutan I Sukuk Mudharabah Continuing I
Lontar Papyrus Pulp & Paper Inds Lontar Papyrus Pulp & Paper Inds
Tahap I Tahun 2024 4-Oct-29 idA - Phase I Year 2024
Sukuk Mudharabah Berkelanjutan I Sukuk Mudharabah Continuing I
Merdeka Battery Materials Merdeka Battery Materials
Tahap Iii Thn 2025 Seri B 9-Dec-30 idA - Phase Iii Thn 2025 Series B
Sukuk Ijarah Berkelanjutan IV Indosat Sukuk Ijarah Continuing IV Indosat
Tahap I Tahun 2022 Seri B 26-Oct-27 idAAA - Phase I Year 2022 Series B
Sukuk Ijarah Berkelanjutan I Sukuk Ijarah Continuing I
Petrosea Tahap II Petrosea Phase II
Tahun 2025 Seri B 21-Mar-30 IdA+ - Year 2025 Series B
Sukuk Ijarah Berkelanjutan I Sukuk Ijarah Continuing I
Sampoerna Agro Tahap III Sampoerna Agro Phase III
Tahun 2022 Seri B 2-Mar-27 IdA - Year 2022 Series B
Sukuk Ijarah Berkelanjutan I Sukuk Ijarah Continuing I
Tower Bersama Infrastructure Tower Bersama Infrastructure
Tahap I Tahun 2025 Seri B 2-Mar-27 AA+(IDN) - Phase I Year 2025 Series B
Sukuk Ijarah Berkelanjutan I Sukuk Ijarah Continuing I
Merdeka Battery Materials Merdeka Battery Materials
Tahap III Thn 2025 Seri A 9-Dec-28 idA - Phase III Thn 2025 Series A
Sukuk Mudharabah Berkelanjutan II Sukuk Mudharabah Continuing II
Oki Pulp & Paper Mills Tahap I Oki Pulp & Paper Mills Phase I
Tahun 2025 Seri A 25-Mar-30 idA+ - Year 2025 Series A
Sukuk Wakalah BI Al-Istitsmar Sukuk Wakalah BI Al-Istitsmar
Berkelanjutan I CIMB Niaga Auto Continuing I CIMB Niaga Auto
Finance Tahap II Tahun 2025 Seri A 23-Mar-27 AAA(IDN) - Finance Phase II Year 2025 Series
Sukuk Wakalah BI Al-Istitsmar Sukuk Wakalah BI Al-Istitsmar
Berkelanjutan I CIMB Niaga Auto Continuing I CIMB Niaga Auto Fin
Finance Tahap III Tahun 2025 Seri A 13-Sep-26 AAA(IDN) - Phase III Year 2025 Series
Sukuk Wakalah BI Al-Istitsmar Sukuk Wakalah BI Al-Istitsmar
Berkelanjutan I CIMB Niaga Auto Continuing I CIMB Niaga Auto
Finance Tahun 2023 Seri B 8-Feb-26 AAA(IDN) - Finance Year 2023 Series B
Sukuk Wakalah BI Al-Istitsmar Sukuk Wakalah BI Al-Istitsmar
Berkelanjutan I CIMB Niaga Auto Continuing I CIMB Niaga Auto Fin
Finance Tahap II Tahun 2025 Seri B 13-Mar-28 AAA(IDN) - Phase II Year 2025 Series
Sukuk Wakalah BI Al-Istitsmar Sukuk Wakalah BI Al-Istitsmar
Berkelanjutan I CIMB Niaga Auto Continuing I CIMB Niaga Auto Fin
Finance Tahap III Tahun 2025 Seri B 3-Sep-28 AAA(IDN) - Phase III Year 2025 Series
Sukuk Mudharabah Berkelanjutan I Sukuk Mudharabah Continuing I
Oki Pulp & Paper Mills Tahap I Oki Pulp & Paper Mills Phase I
Tahun 2023 Seri A 3-Sep-28 idA+ - Year 2023 Series A
Sukuk Ijarah Berkelanjutan III PLN Sukuk Ijarah Continuing III PLN
Tahap III Tahun 2018 Seri D 19-Feb-29 idAAA - Phase III Year 2018 Series D
- 98 -
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tanggal
Jatuh Tempo/ Peringkat/Rating
Maturity
Date 2025 2024
Sukuk Mudharabah Berkelanjutan I Sukuk Mudharabah Continuing I
Indah Kiat Pulp and Paper Indah Kiat Pulp and Paper
Tahap III Tahun 2022 Seri C 24-Feb-27 idA+ - Phase III Year 2022 Series C
Sukuk Mudharabah Berkelanjutan I Sukuk Mudharabah Continuing I
Oki Pulp & Paper Mills Tahap I Oki Pulp & Paper Mills Phase I
Tahun 2023 Seri B 12-Oct-28 idA+ - Year 2023 Series B
Sukuk Mudharabah Berkelanjutan II Sukuk Mudharabah Continuing II
Wijaya Karya Tahap II Wijaya Karya Phase II
Tahun 2022 Seri C 18-Feb-29 idCC - Year 2022 Series C
Sukuk Mudharabah Berkelanjutan I Sukuk Mudharabah Continuing I
Armadian Tritunggal Tahap I Armadian Tritunggal Phase I
Tahun 2025 Seri B 29-Oct-30 A- - Year 2025 Series B
Obligasi Indika Energy 7-May-29 A+(IDN) - Bonds Indika Energy
Obligasi Japfa Comfeed 23-Mar-26 idA - Bonds Japfa Comfeed
Obligasi PT Pakuwon Jati 29-Apr-28 AA- - Bonds PT Pakuwon Jati
Obligasi Solar United SLRUTD 16-Aug-27 A-(IDN) - Bonds PT Solar United SLRUTD
Obligasi Garuda Indonesia Garuda Indonesia Bonds
(RegS) 22-2031 29-Dec-31 BBB+(IDN) - (RegS) 2022–2031
Obligasi PT Medco Energi International 30-Jan-27 BB-(IDN) - Bonds PT Medco Energi International
Obligasi PT Medco Energi International 12-Nov-28 BB-(IDN) - Bonds PT Medco Energi International
Obligasi PT Medco Energi International 27-Apr-29 BB-(IDN) - Bonds PT Medco Energi International
Obligasi Golden Energy And Resources 28-Nov-27 A- - Bonds Golden Energy And Resources
Obligasi Berkelanjutan III Bonds Continuing III
Barito Pasific Tahap II Barito Pasific Tahap II
Tahun 2023 Seri A 28-Nov-26 - idaA+ Tahun 2023 Seri a
Obligasi Berkelanjutan I Wijaya Karya Bonds Continuing I Wijaya Karya
Tahap I Tahun 2020 Seri B 18-Des-25 - idBBB- Phase I Year 2020 Series B
Sukuk Mudharabah Berkelanjutan I Sukuk Mudharabah Continuing I
Wijaya Karya Tahap I Tahun Wijaya Karya Phase I
2020 Seri B 18-Des-25 - idBBB-(sy) Year 2020 Series B
Sukuk Mudharabah Berkelanjutan I Sukuk Mudharabah Continuing I
Wijaya Karya Tahap I Tahun 2020 Wijaya Karya Phase I
Seri C 18-Des-27 - idBBB-(sy) Year 2020 Series C
Obligasi Berkelanjutan I TELKOM Bonds Continuing I TELKOM
Tahap I Tahun 2015 Seri D 23-Jun-45 - idAAA Phase I Year 2015 Series D
Obligasi Berkelanjutan III PLN Bonds Continuing III PLN
Tahap IV Tahun 2019 seri E 01-Agu-39 - idAAA Phase IV Year 2019 Series E
Obligasi Berkelanjutan III PLN Bonds Continuing III PLN
Tahap V Tahun 2019 Seri E 01-Okt-39 - idAAA Phase V Year 2019 Series E
Obligasi Berkelanjutan III PLN Bonds Continuing III PLN
Tahap VI Tahun 2020 Seri E 18-Feb-40 - idAAA Phase VI Year 2020 Series E
Sukuk Ijarah Berkelanjutan II Indosat Sukuk Ijarah Continuing II Indosat
Tahap I Tahun 2017 Seri D 31-Mar-27 - idAAA(sy) Phase I Year 2017 Series D
Obligasi Berkelanjutan III PLN Bonds Continuing III PLN
Tahap IV Tahun 2019 Seri E 01-Agu-39 - idAAA Phase IV Year 2019 Series E
Obligasi Berkelanjutan III Bonds Continuing III
Barito Pasific Tahap I Barito Pasific Tahap I
Tahun 2023 Seri A 08-Nov-28 - idA+ Tahun 2023 Seri A
Obligasi I Hino Finance Indonesia Obligasi I Hino Finance Indonesia
Tahun 2022 Seri B 09-Agu-25 - AA+(idn) Tahun 2022 Seri B
Obligasi Berkelanjutan II Merdeka Bonds Continuing II Merdeka
Copper Gold Tahap III Copper Gold Tahap III
Tahun 2022 Seri C 01-Sep-27 - idA+ Tahun 2022 Seri C
Obligasi Berkelanjutan II Merdeka Bonds Continuing II Merdeka
Copper Gold Tahap I Copper Gold Tahap I
Tahun 2022 13-Des-25 - idA+ Tahun 2022
Obligasi Oki Pulp & Paper Mills II Obligasi Oki Pulp & Paper Mills II
Tahun 2022 Seri B 30-Mar-25 - idA+ Tahun 2022 Seri B
Obligasi Oki Pulp & Paper Mills II Obligasi Oki Pulp & Paper Mills II
Tahun 2022 Seri C 30-Mar-27 - idA+ Tahun 2022 Seri C
Obligasi II Pindo Deli Pulp & Paper Obligasi II Pindo Deli Pulp & Paper
Mills Tahun 2022 Seri B 14-Jul-25 - idA+ Mills Tahun 2022 Seri B
Obligasi Berkelanjutan II Hutama Bonds Continuing II Hutama
Karya Tahap I Tahun 2017 07-Sep-28 - idAA- Karya Tahap I Tahun 2017
Sukuk Mudharabah I Armadian Sukuk Mudharabah I Armadian
Tritunggal Tahun 2023 24-Nov-25 - A- Tritunggal Tahun 2023
Obligasi II Wahana Inti Selaras Obligasi II Wahana Inti Selaras
Tahun 2023 Seri C 08-Agu-28 - idA Tahun 2023 Seri C
MTN Wahana Interfood Nusantara I MTN Wahana Interfood Nusantara I
Tahun 2022 Tahap I 06-Jul-25 - idAA+ Tahun 2022 Tahap I
Obligasi Berkelanjutan III Adhi Karya Bonds Continuing III Adhi Karya
Tahap III Tahun 2022 Seri C 24-Mei-29 - idA- Tahap III Tahun 2022 Seri C
Obligasi Berkelanjutan III Merdeka Bonds Continuing III Merdeka
Copper Gold Tahap III Copper Gold Tahap III
Tahun 2022 Seri B 01-Sep-25 - idA+ Tahun 2022 Seri B
Obligasi Berkelanjutan IV Merdeka Bonds Continuing IV Merdeka
Copper Gold Tahap I Copper Gold Tahap I
Tahun 2022 13-Des-25 - idA+ Tahun 2022
Obligasi Berkelanjutan III Chandra Bonds Continuing III Chandra
Asri Petrochemical Tahap V Asri Petrochemical Tahap V
Tahun 2022 Seri B 08-Mar-29 - idAA- Tahun 2022 Seri B
Obligasi Berkelanjutan IV Chandra Bonds Continuing IV Chandra
Asri Petrochemical Tahap II Asri Petrochemical Tahap II
Tahun 2023 Seri A 28-Feb-28 - idAA- Tahun 2023 Seri A
Obligasi II Hino Finance Indonesia Obligasi II Hino Finance Indonesia
Tahun 2023 Seri B 11-Jul-26 - AA+(idn) Tahun 2023 Seri B
Obligasi Berkelanjutan I Bonds Continuing I
Oto Multiartha Tahap I Oto Multiartha Tahap I
Tahun 2023 Seri A 07-Jul-26 - idAAA Tahun 2023 Seri A
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tanggal
Jatuh Tempo/ Peringkat/Rating
Maturity
Date 2025 2024
Obligasi Berkelanjutan II Sinar Mas Bonds Continuing II Sinar Mas
Multifinance Tahap I Tahun 2020 Multifinance Tahap I Tahun 2020
Seri B 17-Jul-25 - irA+ Seri B
Obligasi Berkelanjutan V Tower Bonds Continuing V Tower
Bersama Infrastructure Tahap III Bersama Infrastructure Tahap III
Tahun 2022 Seri B 02-Mar-25 - AA+(IDN) Tahun 2022 Seri B
Obligasi Berkelanjutan I Tiphone Bonds Continuing I Tiphone
Tahap III Tahun 2017 Seri B 31-Des-30 - idD Tahap III Tahun 2017 Seri B
Obligasi Berkelanjutan I Tiphone Bonds Continuing I Tiphone
Tahap III Tahun 2016 Seri C 31-Des-30 - idD Tahap III Tahun 2016 Seri C
Obligasi Berkelanjutan IV Chandra Bonds Continuing IV Chandra
Asri Petrochemical Tahap I Asri Petrochemical Tahap I
Tahun 2022 Seri A 09-Agu-27 - idAA- Tahun 2022 Seri A
Obligasi Berkelanjutan I Pyridam Bonds Continuing I Pyridam
Farma Tahap II Tahun 2023 20-Sep-25 - BBB+ Farma Tahap II Tahun 2023
Sukuk Mudharabah Sukuk Mudharabah
Berkelanjutan I Continuing I
Indah Kiat Pulp and Indah Kiat Pulp and
Paper Tahap II Paper Phase II
Tahun 2021 08-Des-24 - (Mature) Year 2021
Obligasi Berkelanjutan II Bonds Continuing II
Wijaya Karya Tahap I Wijaya Karya Phase I
Tahun 2021 - Seri C 08-Sep-28 - idCCC- Year 2021 - Series C
Obligasi Berkelanjutan II Bonds Continuing II
Hutama Karya Tahap I Hutama Karya Phase I
Tahun 2021 - Seri C 08-Sep-28 - idAA- Year 2021 - Series C
Suku bunga per tahun obligasi pada tanggal As at December 31, 2025 and 2024, the interest
31 Desember 2025 dan 2024 dalam mata uang rates on bonds denominated in Rupiah ranged
Rupiah berkisar antara 2,00% sampai dengan from 2.00% to 11.85% per annum for both years,
11,85%, sedangkan dalam mata uang asing while the interest rates on bonds denominated in
berkisar antara 4,55% sampai dengan 8,96% pada foreign currencies ranged from 4.55% to 8.96%
tahun 2025 dan 4,00% sampai dengan 9,00% pada and 4.00% to 9.00% per annum, respectively.
tahun 2024.
Unit reksa dana Units of Mutual Fund
Efek diperdagangkan dalam bentuk unit Securities in units of mutual fund of a related party
penyertaan reksa dana pada pihak berelasi, which are held for trading are managed by SAM, a
dikelola oleh SAM sebagai manajer investasi related party, as the investment manager
(Catatan 47). (Note 47).
6. Efek yang Dibeli dengan Janji Jual Kembali 6. Securities Purchased under Agreement to
Resell
Pada tanggal 31 Desember 2025 dan 2024, efek- As of December 31, 2025 and 2024, securities
efek yang dibeli dengan janji jual kembali adalah purchased under agreement to resell are:
sebagai berikut:
31 Desember/December 31, 2025
Tanggal
Jenis/ Jangka waktu/ jatuh tempo/ Nilai bersih/
Type Term Due Date Net value
Pihak Lawan Counterparty
4 March/
Bank Indonesia SPN12261105 91 hari/days March 4, 2026 47.070 Bank Indonesia
4 March/
Bank Indonesia SPN12261105 91 hari/days March 4, 2026 47.072 Bank Indonesia
4 March/
Bank Indonesia SPN12261105 91 hari/days March 4, 2026 47.074 Bank Indonesia
25 Februari /
Bank Indonesia VR0077 91 hari/days February 25, 2026 48.059 Bank Indonesia
25 Februari/
Bank Indonesia VR0077 91 hari/days February 25, 2026 48.061 Bank Indonesia
25 Februari/
- 100 -
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31 Desember/December 31, 2025
Tanggal
Jenis/ Jangka waktu/ jatuh tempo/ Nilai bersih/
Type Term Due Date Net value
Bank Indonesia VR0077 91 hari/days February 25, 2026 48.063 Bank Indonesia
11 Februari/
Bank Indonesia VR0092 91 hari/days February 11, 2026 48.046 Bank Indonesia
11 Februari/
Bank Indonesia VR0092 91 hari/days February 11, 2026 96.099 Bank Indonesia
28 Januari/
Bank Indonesia VR0092 91 hari/days January 28, 2026 96.030 Bank Indonesia
28 Januari/
Bank Indonesia VR0092 91 hari/days January 28, 2026 96.034 Bank Indonesia
28 Januari/
Bank Indonesia VR0092 91 hari/days January 28, 2026 48.022 Bank Indonesia
Pihak Lawan Counterparty
28 Januari/
Bank Indonesia VR0092 91 hari/days January 28, 2026 48.026 Bank Indonesia
7 Januari/
Bank Indonesia VR0057 91 hari/days January 7, 2026 48.418 Bank Indonesia
7 Januari/
Bank Indonesia VR0057 91 hari/days January 7, 2026 96.837 Bank Indonesia
7 Januari/
Bank Indonesia VR0057 91 hari/days January 7, 2026 48.413 Bank Indonesia
7 Januari/
Bank Indonesia VR0057 91 hari/days January 7, 2026 96.826 Bank Indonesia
7 Januari/
Bank Indonesia VR0057 91 hari/days January 7, 2026 48.418 Bank Indonesia
7 Januari/
Bank Indonesia VR0057 91 hari/days January 7, 2026 48.413 Bank Indonesia
7 Januari/
Bank Indonesia VR0070 7 hari/days January 7, 2026 43.494 Bank Indonesia
7 Januari/
Bank Indonesia VR0070 7 hari/days January 7, 2026 72.490 Bank Indonesia
7 Januari/
Bank Indonesia VR0070 7 hari/days January 7, 2026 72.490 Bank Indonesia
7 Januari/
Bank Indonesia VR0070 7 hari/days January 7, 2026 101.485 Bank Indonesia
Jumlah 1.394.940 Total
31 Desember/December 31, 2024
Tanggal
Jenis/ Jangka waktu/ jatuh tempo/ Nilai bersih/
Type Term Due Date Net value
Pihak Lawan Counterparty
26 Februari/
Bank Indonesia VR0059 90 hari/days February 26, 2025 23.899 Bank Indonesia
25 March/
Bank Indonesia VR0034 91 hari/days March 25, 2025 24.726 Bank Indonesia
25 March/
Bank Indonesia VR0034 91 hari/days March 25, 2025 24.726 Bank Indonesia
25 March/
Bank Indonesia VR0034 91 hari/days March 25, 2025 24.727 Bank Indonesia
PT Bank China Construction IDSR 7 Januari/ PT Bank China Construction
Bank Indonesia Tbk 141125364S 14 hari/days January 7, 2025 94.137 Bank Indonesia Tbk
Jumlah 192.215 Total
Manajemen berpendapat bahwa tidak terdapat Management believes that there is no impairment
penurunan nilai atas efek yang dibeli dengan janji in the value of securities purchased under
jual kembali pada tanggal 31 Desember 2025 dan agreement to resell as of December 31, 2025 and
2024. 2024.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. Piutang Pembiayaan Multiguna 7. Multipurpose Financing Receivables
a. Terdiri dari: a. This account consists of:
2025 2024
Pihak berelasi - Rupiah (Catatan 44) Related parties - Rupiah (Note 44)
Piutang pembiayaan multiguna Multipurpose financing receivables
- kotor 522 615 - gross
Pihak ketiga - Rupiah Third parties - Rupiah
Piutang pembiayaan multiguna Multipurpose financing receivables
- kotor 3.179.513 4.232.729 - gross
Bagian yang dibiayai pihak lain (1.265.712) (1.946.736) Amount financed by other parties
Jumlah 1.913.801 2.285.993 Total
Jumlah piutang pembiayaan Multipurpose financing receivables
multiguna - bersih 1.914.323 2.286.608 - net
Pendapatan pembiayaan multiguna Unearned multipurpose financing
yang belum diakui - kotor (726.606) (863.822) income - gross
Bagian yang dibiayai pihak lain 123.864 169.446 Amount financed by other parties
Jumlah pendapatan pembiayaan
multiguna yang belum Total unearned multipurpose
diakui - bersih (602.742) (694.376) financing income - net
Jumlah 1.311.581 1.592.232 Total
Cadangan kerugian penurunan nilai (48.889) (54.876) Allowance for impairment losses
Jumlah - bersih 1.262.692 1.537.356 Total - Net
Suku bunga per tahun Interest rate per annum
Rupiah 5,49% - 21.35% 5,50% - 19,99% Rupiah
b. Analisis atas perubahan dalam nilai tercatat b. An analysis of change in the gross carrying
bruto dan cadangan atas kerugian kredit amount and the corresponding expected
ekspektasian terkait piutang pembiayaan credit loss allowances of multipurpose
multiguna: financing receivables are as follows:
2025
Tahap 1/ Tahap 2/ Tahap 3/ Total/
Stage 1 Stage 2 Stage 3 Total
Beginning gross carrying
Nilai tercatat bruto awal 1.387.563 112.458 92.211 1.592.232 amount
Transfer ke tahap 1 116.624 (62.333) (54.291) - Transfer to stage 1
Transfer ke tahap 2 (2.803) 11.778 (8.975) - Transfer to stage 2
Transfer ke tahap 3 (104) (388) 492 - Transfer to stage 3
Aset baru 522.074 19.349 19.000 560.423 New assets originat
Perubahan neto (881.385) 13.505 221.920 (645.960) Net change
Penghapusbukuan (7.999) - (187.115) (195.114) Write-off
Nilai tercatat bruto Ending gross carrying
akhir 1.133.970 94.369 83.242 1.311.581 amount
2024
Tahap 1/ Tahap 2/ Tahap 3/ Total/
Stage 1 Stage 2 Stage 3 Total
Beginning gross carrying
Nilai tercatat bruto awal 1.277.433 163.001 70.968 1.511.402 amount
Transfer ke tahap 1 8.757 (8.649) (108) - Transfer to stage 1
Transfer ke tahap 2 (63.768) 64.414 (646) - Transfer to stage 2
Transfer ke tahap 3 (49.800) (21.125) 70.925 - Transfer to stage 3
Aset baru 1.951.742 45.009 24.253 2.021.004 New assets originat
Perubahan neto (1.736.801) (130.192) 347.182 (1.519.811) Net change
Penghapusbukuan - - (420.363) (420.363) Write-off
Nilai tercatat bruto Ending gross carrying
akhir 1.387.563 112.458 92.211 1.592.232 amount
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2025
Tahap 1/ Tahap 2/ Tahap 3/ Total/
Stage 1 Stage 2 Stage 3 Total
Balance at the beginning
Saldo awal tahun 36.389 1.327 17.160 54.876 of the year
Transfer ke tahap 1 20.157 (5.776) (14.381) - Transfer to stage 1
Transfer ke tahap 2 (71) 2.453 (2.382) - Transfer to stage 2
Transfer ke tahap 3 (3) (40) 43 - Transfer to stage 3
Aset baru 1.493 1.889 5.067 8.449 New assets originated
Perubahan neto (25.621) 531 197.849 172.759 Net change
Penghapusbukuan (14.563) 8.526 (181.157) (187.194) Write-off
Balance at the end
Saldo akhir tahun 17.781 8.910 22.199 48.890 of the year
2024
Tahap 1/ Tahap 2/ Tahap 3/ Total/
Stage 1 Stage 2 Stage 3 Total
Balance at the beginning
Saldo awal tahun 37.030 14.028 24.318 75.376 of the year
Transfer ke tahap 1 1.709 (1.642) (67) - Transfer to stage 1
Transfer ke tahap 2 (5.874) 5.942 (68) - Transfer to stage 2
Transfer ke tahap 3 (13.165) (5.621) 18.786 - Transfer to stage 3
Aset baru 10.966 (11.859) 394.503 393.610 New assets originated
Perubahan neto 5.723 479 51 6.253 Net change
Penghapusbukuan - - (420.363) (420.363) Write-off
Balance at the end
Saldo akhir tahun 36.389 1.327 17.160 54.876 of the year
Manajemen berpendapat bahwa cadangan Management believes that the allowance for
kerugian penurunan nilai piutang pembiayaan impairment losses on Multipurpose Financing
multiguna pada tanggal 31 Desember 2025 Receivables as at December 31, 2025 and
dan 2024 adalah memadai untuk menutup 2024 is adequate to cover possible losses that
kemungkinan kerugian dari tidak tertagihnya may arise from uncollectible multipurpose
piutang pembiayaan multiguna tersebut. financing receivables.
c. Rincian pembiayaan multiguna menurut jenis c. The details of multipurpose financing
objek pembiayaan: receivables based on object financed:
2025 2024
Objek Pembiayaan : Object Financed :
Mobil 1.904.769 2.267.579 Car
Tanah dan bangunan 8.796 17.709 Land and building
Lainnya 758 1.320 Others
Jumlah 1.914.323 2.286.608 Total
d. SMF dan ABSM, entitas-entitas anak, d. SMF and ABSM, subsidiaries, grant
memberikan jasa pembiayaan untuk tanah dan multipurpose financing for land and building
bangunan dengan jangka waktu antara 1 with terms ranging 1 to 9 years and vehicles
sampai 9 tahun dan kendaraan bermotor with terms ranging from 1 to 5 years.
dengan jangka waktu antara 1 sampai dengan
5 tahun.
e. Piutang pembiayaan multiguna dijamin dengan e. The multipurpose financing receivables are
aset dan Bukti Pemilikan Kendaraan Bermotor secured with the related certificates of
(BPKB) dari kendaraan bermotor yang dibiayai ownership (BPKB) of the vehicles financed by
SMF dan ABSM. SMF and ABSM.
f. Pada tanggal 31 Desember 2025 dan 2024, f. As at December 31, 2025 and 2024, there are
terdapat piutang pembiayaan multiguna yang multipurpose financing receivables which are
digunakan sebagai jaminan atas surat pledged as collateral in relation to securities
berharga yang diterbitkan dan pinjaman yang issued and loans received (Notes 27 and 28).
diterima (Catatan 27 dan 28).
- 103 -
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
g. Berikut ini disajikan rincian piutang g. The details of multipurpose financing
pembiayaan multiguna berdasarkan sisa umur receivables based on its remaining period until
sampai dengan saat jatuh temponya: maturity follows:
2025 2024
Tidak lebih atau sama dengan 1 tahun 857.661 1.042.408 Less than or equal to 1 year
Lebih dari 1 tahun sampai dengan
2 tahun 551.717 652.195 More than 1 year until 2 years
Lebih dari 2 tahun sampai dengan
3 tahun 327.507 374.771 More than 2 year until 3 years
Lebih dari 3 tahun sampai dengan
4 tahun 177.438 217.234 More than 3 year until 4 years
Jumlah 1.914.323 2.286.608 Total
8. Piutang Sewa Pembiayaan 8. Finance Lease Receivables
a. Terdiri dari: a. This account consists of:
2025 2024
Piutang pembiayaan - pihak berelasi Lease receivable - related parties
(Catatan 44) 8.357 33.408 (Note 44)
Piutang pembiayaan - pihak ketiga 587.666 136.944 Lease receivable - third parties
Jumlah 596.023 170.352 Total
Nilai residu yang terjamin 348.259 66.089 Guaranteed residual value
Penghasilan pembiayaan tangguhan (182.385) (26.321) Unearned lease income
Simpanan jaminan (348.259) (66.089) Security deposits
Jumlah - kotor 413.638 144.031 Total - gross
Cadangan kerugian penurunan nilai (5.689) (18.515) Allowance for impairment losses
Jumlah - bersih 407.949 125.516 Net
Suku bunga per tahun 6,51% - 21,58% 6,51% - 15,00% Interest rates per annum
b. Analisis atas perubahan dalam nilai tercatat b. Analysis of changes in gross carrying amount
bruto dan cadangan atas kerugian kredit and allowance for expected credit losses
ekspektasian terkait piutang sewa related to finance lease receivables:
pembiayaan:
2025
Tahap 1/ Tahap 2/ Tahap 3/ Total/
Stage 1 Stage 2 Stage 3 Total
Nilai tercatat bruto Balance at the beginning
awal tahun 31.364 11.290 101.377 144.031 of the year
Transfer ke tahap 1 48 - - 48 Transfer to stage 1
Transfer ke tahap 2 - - - - Transfer to stage 2
Transfer ke tahap 3 - - - - Transfer to stage 3
Perubahan neto (10.800) - 239 (10.561) Net change
Aset baru 401.608 1.745 - 403.353 New assets originated
Penghapusbukuan (10.470) (11.290) (101.389) (123.149) Write off
Nilai tercatat bruto Balance at the end
akhir tahun 411.750 1.745 227 413.722 of the year
- 104 -
Page 476
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2024
Tahap 1/ Tahap 2/ Tahap 3/ Total/
Stage 1 Stage 2 Stage 3 Total
Nilai tercatat bruto Balance at the beginning
awal tahun 76.655 11.290 101.377 189.322 of the year
Transfer ke tahap 1 - - - - Transfer to stage 1
Transfer ke tahap 2 - - - - Transfer to stage 2
Transfer ke tahap 3 - - - - Transfer to stage 3
Perubahan neto (45.291) - - (45.291) Net change
Aset baru - - - - New assets originated
Nilai tercatat bruto Balance at the end
akhir tahun 31.364 11.290 101.377 144.031 of the year
2025
Tahap 1/ Tahap 2/ Tahap 3/ Total/
Stage 1 Stage 2 Stage 3 Total
Balance at the beginning
Saldo awal tahun 5.718 636 12.161 18.515 of the year
Transfer ke tahap 1 - - - - Transfer to stage 1
Transfer ke tahap 2 - - - - Transfer to stage 2
Transfer ke tahap 3 - - - - Transfer to stage 3
Perubahan neto 80.828 - 72 80.900 Net change
Aset baru 5.233 162 - 5.395 New assets originated
Penghapusbukuan (86.313) (636) (12.172) (99.121) Write off
Balance at the end
Saldo akhir tahun 5.466 162 61 5.689 of the year
2024
Tahap 1/ Tahap 2/ Tahap 3/ Total/
Stage 1 Stage 2 Stage 3 Total
Balance at the beginning
Saldo awal tahun 1.228 636 12.161 14.025 of the year
Transfer ke tahap 1 - - - - Transfer to stage 1
Transfer ke tahap 2 - - - - Transfer to stage 2
Transfer ke tahap 3 - - - - Transfer to stage 3
Perubahan neto 4.490 - - 4.490 Net change
Aset baru - - - - New assets originated
Balance at the end
Saldo akhir tahun 5.718 636 12.161 18.515 of the year
Manajemen adalah berpendapat bahwa Management believes that the allowance for
cadangan kerugian penurunan nilai piutang impairment losses on Finance Lease
sewa pembiayaan pada tanggal 31 Desember Receivables as at December 31, 2025 and
2025 dan 2024 memadai untuk menutup 2024 is adequate to cover possible losses that
kemungkinan kerugian dari tidak tertagihnya may arise from uncollectible finance lease
piutang sewa pembiayaan tersebut. receivables.
- 105 -
Page 477
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
c. Rincian piutang sewa pembiayaan c. The details of consolidated finance lease
berdasarkan umur dari angsuran: receivables based on its remaining period until
maturity follows:
2025 2024
Tidak lebih atau sama dengan
1 tahun 228.718 158.029 Less than or equal to 1 year
Lebih dari 1 tahun tetapi tidak More than 1 year but less
lebih dari 2 tahun 187.347 12.323 than 2 years
Lebih dari 2 tahun 179.958 - More than 2 years
Jumlah 596.023 170.352 Total
d. Pada tanggal 31 Desember 2025 dan 2024, d. As at December 31, 2025 and 2024, the
kualitas piutang sewa pembiayaan quality of finance lease receivables is
dikelompokkan lancar dalam perhatian dan classified as current, special mentioned, and
kurang lancar. substandand.
9. Piutang Pembiayaan Modal Kerja Skema Anjak 9. Working Capital Financing with Factoring
Piutang Scheme Receivables
a. Terdiri dari: a. This account consists of:
2025 2024
Pihak berelasi (Catatan 44) Related party (Note 44)
Rupiah - 18.954 Rupiah
Pihak ketiga Third parties
Rupiah 1.242.884 1.635.229 Rupiah
Jumlah 1.242.884 1.654.183 Total
Cadangan kerugian penurunan nilai (78.496) (179.637) Allowance for impairment losses
Jumlah - bersih 1.164.388 1.474.546 Net
Suku bunga per tahun Interest rates per annum
Rupiah 1% - 14% 1,00% - 17,00% Rupiah
b. Analisis atas perubahan dalam nilai tercatat b. An analysis of change in the gross carrying
bruto dan cadangan atas kerugian kredit amount and the corresponding expected
ekspektasian terkait piutang pembiayaan credit loss allowances of working capital
modal kerja skema anjak piutang: financing with factoring scheme receivables
are as follows:
2025
Tahap 1/ Tahap 2/ Tahap 3/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Nilai tercatat bruto Beginning year gross
awal tahun 1.654.183 - - 1.654.183 carrying amount
Transfer ke tahap 1 - - - Transfer to stage 1
Transfer ke tahap 2 - - - - Transfer to stage 2
Transfer ke tahap 3 - - - - Transfer to stage 3
Perubahan neto (450.418) - - (450.418) Net change
Aset baru 335.820 - - 335.820 New assets originated
Penghapusbukuan (277.749) - - (277.749) Write-off
Nilai tercatat bruto Ending year gross
Akhir tahun 1.261.836 - - 1.261.836 carrying amount
- 106 -
Page 478
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2024
Tahap 1/ Tahap 2/ Tahap 3/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Nilai tercatat bruto Beginning year gross
awal tahun 2.683.789 - - 2.683.789 carrying amount
Transfer ke tahap 1 - - - - Transfer to stage 1
Transfer ke tahap 2 - - - - Transfer to stage 2
Transfer ke tahap 3 - - - - Transfer to stage 3
Perubahan neto (1.029.606) - - (1.029.606) Net change
Aset baru - - - - New assets originated
Penghapusbukuan - - - - Write-off
Nilai tercatat bruto Ending year gross
Akhir tahun 1.654.183 - - 1.654.183 carrying amount
2025
Tahap 1/ Tahap 2/ Tahap 3/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Balance at the beginning
Saldo awal tahun 179.637 - - 179.637 of the year
Transfer ke tahap 1 - - - - Transfer to stage 1
Transfer ke tahap 2 - - - - Transfer to stage 2
Transfer ke tahap 3 - - - - Transfer to stage 3
Perubahan neto 122.640 - - 122.640 Net change
Aset baru 10.396 - - 10.396 New assets originated
Penghapusbukuan 1.196.797 - - 1.196.797 Write-off
Balance at the end
Saldo akhir tahun 1.509.470 - - 1.509.470 of the year
2024
Tahap 1/ Tahap 2/ Tahap 3/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Balance at the beginning
Saldo awal tahun 170.272 - - 170.272 of the year
Transfer ke tahap 1 - - - - Transfer to stage 1
Transfer ke tahap 2 - - - - Transfer to stage 2
Transfer ke tahap 3 - - - - Transfer to stage 3
Perubahan neto 9.365 - - 9.365 Net change
Aset baru - - - - New assets originated
Penghapusbukuan - - - - Write-off
Balance at the end
Saldo akhir tahun 179.637 - - 179.637 of the year
Manajemen berpendapat bahwa cadangan Management believes that the allowance for
kerugian penurunan nilai piutang pembiayaan impairment losses on Working Capital
modal kerja skema anjak piutang pada tanggal Financing with Factoring Scheme Receivables
31 Desember 2025 dan 2024 adalah memadai as at December 31, 2025 and 2024 is
untuk menutup kemungkinan kerugian dari adequate to cover possible losses that may
tidak tertagihnya piutang pembiayaan modal arise from uncollectible working capital
kerja skema anjak piutang tersebut. financing with factoring scheme receivables.
c. Pada tanggal 31 Desember 2025 dan 2024, c. As at December 31, 2025 and 2024, there are
terdapat piutang pembiayaan modal kerja working capital financing with factoring
skema anjak piutang yang digunakan sebagai scheme receivables which are pledged as
jaminan untuk surat berharga yang diterbitkan collateral in relation to securities issued and
dan pinjaman yang diterima (Catatan 27 dan loans received (Notes 27 and 28).
28).
- 107 -
Page 479
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
d. Berikut ini adalah piutang pembiayaan modal d. The details of working capital financing with
kerja skema anjak piutang berdasarkan jatuh factoring scheme receivables based on
tempo perjanjian: maturity follows:
2025 2024
Tidak lebih atau sama dengan 1 tahun 799.734 1.116.444 Less than or equal to 1 year
Lebih dari 1 tahun sampai dengan
2 tahun 214.040 93.534 More than year until 2 years
Lebih dari 2 tahun 229.108 444.205 More than 2 years
Jumlah 1.242.882 1.654.183 Total
10. Kontrak Asuransi dan Reasuransi 10. Insurance and Reinsurance Contract
Pada tanggal 31 Desember 2025 dan 2024, As at December 31, 2025 and 2024, significant
asumsi-asumsi signifikan yang digunakan dalam assumptions used in the calculation of insurance
perhitungan liabilitas kontrak asuransi antara lain: contract liabilities among others:
2025 2024
Metode aktuaria PAA,GMM,VFA PAA,GMM,VFA Actuarial methods
Tabel mortalitas TMI IV (2019) TMI IV (2019) Mortality tables
Tabel morbiditas Tabel Reasuransi Reinsurance Table Morbidity tables
Rasio kerugian 10% - 60% 10% - 60% Loss ratio
Metode tingkat diskonto Bottom up approach Bottom up approach Discount rate method
Tingkat diskonto saat ini Current discount rate
(dengan Illiquidity Premium) 4,2% - 7,42% 4,2% - 7,73% (with Illiquidity Premium)
11. Kredit yang Diberikan 11. Loans
Merupakan kredit yang diberikan oleh BS dan This account represents loans given by BS and
SMF, entitas anak. SMF, subsidiaries.
a. Berdasarkan jenis kredit a. By type of loans
2025 2024
Pihak berelasi (Catatan 44) Related parties (Note 44)
Rupiah Rupiah
Pinjaman cicilan 19.672 - Installment loans
Pinjaman karyawan 69.814 69.241 Loans to employees
Pinjaman tetap 90 19.635 Fixed loans
Pinjaman konsumsi 12.296 7.068 Consumer loans
Piutang syariah - murabahah 1.330 - Sharia receivables - murabahah
Piutang syariah - ijarah multijasa 657 187 Sharia receivable - ijarah multijasa
Piutang syariah - qardh 26 23 Sharia receivables - qardh
Jumlah - Rupiah 103.885 96.154 Total - Rupiah
Mata uang asing (Catatan 45) Foreign currencies (Note 45)
Pinjaman tetap 8.337 8.048 Fixed loans
Jumlah - pihak berelasi 112.222 104.202 Total Related Parties
- 108 -
Page 480
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2025 2024
Pihak ketiga Third Parties
Rupiah Rupiah
Pinjaman tetap 2.755.444 4.515.953 Fixed loans
Pinjaman cicilan 3.388.766 3.171.519 Installment loans
Piutang syriah - musyarakah 1.225.738 2.375.665 Sharia receivables - musyarakah
Pinjaman konsumsi 2.069.360 2.388.672 Customer loans
Piutang syariah - murabahah 655.422 347.833 Sharia receivables – murabahah
Pinjaman rekening koran 386.336 343.798 Overdraft
Piutang syariah - mudharabah 437.615 312.192 Sharia receivables - mudharabah
Piutang syariah - ijarah 174.904 142.561 Sharia receivables – ijarah
Piutang syariah - qardh 35.907 13.676 Sharia receivables - qardh
Pinjaman karyawan 62.941 51.631 Loans to employees
Jumlah - Rupiah 11.192.433 13.663.500 Total - Rupiah
Mata uang asing (Catatan 45) Foreign currencies (Note 45)
Pinjaman cicilan 306.318 378.849 Installment loans
Pinjaman tetap - 27.102 Fixed loans
Jumlah - Mata uang asing 306.318 405.951 Total - Foreign currencies
Jumlah - Pihak ketiga 11.498.751 14.069.451 Total - third parties
Jumlah 11.610.973 14.173.653 Total
Cadangan kerugian penurunan nilai (753.940) (1.554.963) Allowance for impairment losses
Jumlah - bersih 10.857.033 12.618.690 Net
2025
Tahap 1/ Tahap 2/ Tahap 3/ Syariah/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia Total
Pihak berelasi (Catatan 44) Related parties (Note 44)
Rupiah Rupiah
Pinjaman cicilan 19.672 - - - 19.672 Installment loans
Pinjaman karyawan 69.814 - - - 69.814 Loans to employees
Pinjaman tetap 90 - - - 90 Fixed loans
Pinjaman konsumsi 12.296 - - - 12.296 Consumer loans
Piutang syariah Sharia receivables
- murabahah - - - 1.330 1.330 - murabahah
Piutang syariah Sharia receivables
- ijarah multijasa - - - 657 657 - ijarah multijasa
Piutang syariah - qardh - - - 26 26 Sharia receivables - qardh
Jumlah 101.872 - - 2.013 103.885 Total
Mata uang asing (Catatan 45) Foreign currency (Note 45)
Pinjaman tetap 8.337 - - - 8.337 Fixed loans
Jumlah - pihak berelasi 110.209 - - 2.013 112.222 Total - related parties
Pihak ketiga Third parties
Rupiah Rupiah
Pinjaman tetap 2.755.444 - - 2.755.444 Fixed loans
Pinjaman cicilan 2.989.674 295.116 103.976 - 3.388.766 Installment loans
Piutang syariah Sharia receivables
- musyarakah - - - 1.225.738 1.225.738 - musyarakah
Pinjaman konsumsi 1.909.689 106.709 52.962 - 2.069.360 Consumer loans
Piutang syariah Sharia receivables
- murabahah - - - 655.422 655.422 - murabahah
Piutang syariah Sharia receivables
- mudharabah - - - 437.615 437.615 - mudharabah
Pinjaman rekening koran 380.443 479 5.414 - 386.336 Overdraft
Sharia receivables
Piutang syariah - qardh - - - 35.907 35.907 - qardh
Pinjaman karyawan 62.941 - - - 62.941 Loans to employees
Piutang syariah - ijarah - - - 174.904 174.904 - ijarah
Jumlah - Rupiah 8.098.191 402.304 162.352 2.529.586 11.192.433 Total - Rupiah
- 109 -
Page 481
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2025
Tahap 1/ Tahap 2/ Tahap 3/ Syariah/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia Total
Mata uang asing (Catatan 45) (Note 45)
Pinjaman cicilan 306.318 - - - 306.318 Installment loans
Jumlah 306.318 - - - 306.318 Total
Jumlah - pihak ketiga 8.404.509 402.304 162.352 2.529.586 11.498.751 Total - third parties
Jumlah 8.514.718 402.304 162.352 2.531.599 11.610.973 Total
Cadangan kerugian Allowance for
penurunan nilai (242.849) (203.563) (126.449) (181.079) (753.940) impairment losses
Jumlah - bersih 8.271.869 198.741 35.903 2.350.520 10.857.033 Net
2024
Tahap 1/ Tahap 2/ Tahap 3/ Syariah/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia Total
Pihak berelasi (Catatan 44) Related parties (Note 44)
Rupiah Rupiah
Pinjaman karyawan 69.241 - - - 69.241 Loans to employees
Pinjaman tetap 19.635 - - - 19.635 Fixed loans
Pinjaman konsumsi 7.068 - - - 7.068 Consumer loans
Piutang syariah Sharia receivables
- ijarah multijasa - - - 187 187 - ijarah multijasa
Piutang syariah - qardh - - - 23 23 Sharia receivables - qardh
Jumlah 95.944 - - 210 96.154 Total
Mata uang asing (Catatan 45) Foreign currency (Note 45)
Pinjaman tetap 8.048 - - - 8.048 Fixed loans
Jumlah - pihak berelasi 103.992 - - 210 104.202 Total - related parties
Pihak ketiga Third parties
Rupiah Rupiah
Pinjaman tetap 4.506.988 8.965 - - 4.515.953 Fixed loans
Pinjaman cicilan 2.516.235 501.592 153.692 - 3.171.519 Installment loans
Piutang syariah Sharia receivables
- musyarakah - - - 2.375.665 2.375.665 - musyarakah
Pinjaman konsumsi 2.152.332 179.980 56.360 - 2.388.672 Consumer loans
Piutang syariah Sharia receivables
- murabahah - - - 347.833 347.833 - murabahah
Piutang syariah Sharia receivables
- mudharabah - - - 312.192 312.192 - mudharabah
Pinjaman rekening koran 343.515 283 - - 343.798 Overdraft
Sharia receivables
Piutang syariah - qardh - - - 13.676 13.676 - qardh
Pinjaman karyawan 51.115 146 370 - 51.631 Loans to employees
Piutang syariah - ijarah Sharia receivables
multijasa - - - 142.352 142.352 - ijarah multijasa
Sharia receivables
Piutang syariah - ijarah - - - 209 209 - ijarah
Jumlah - Rupiah 9.570.185 690.966 210.422 3.191.927 13.663.500 Total - Rupiah
Foreign currencies
Mata uang asing (Catatan 45) (Note 45)
Pinjaman cicilan 378.849 - - - 378.849 Installment loans
Pinjaman tetap 27.102 - - - 27.102 Fixed loans
Jumlah 405.951 - - - 405.951 Total
Jumlah - pihak ketiga 9.976.136 690.966 210.422 3.191.927 14.069.451 Total - third parties
Jumlah 10.080.128 690.966 210.422 3.192.137 14.173.653 Total
Cadangan kerugian Allowance for
penurunan nilai (301.392) (310.066) (168.027) (775.478) (1.554.963) impairment losses
Jumlah - bersih 9.778.736 380.900 42.395 2.416.659 12.618.690 Net
- 110 -
Page 482
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
b. Berdasarkan sektor ekonomi b. By economic sectors
2025
Tahap 1/ Tahap 2/ Tahap 3/ Syariah/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia Total
Rupiah Rupiah
Perdagangan besar
dan eceran, reparasi Wholesale and retail
dan perawatan mobil, and maintenance of cars,
dan sepeda motor 1.725.577 252.973 12.384 731.512 2.722.446 and motorcycles
Rumah tangga 1.730.747 105.335 47.792 102.349 1.986.223 Household
Aktivitas keuangan dan Financial and insurance
asuransi 591.372 - 88.845 - 680.217 activities
Pertambangan dan penggalian 659.864 - - 42.545 702.409 Mining and excavation
Pertanian, kehutanan dan Agriculture, forestry
perikanan 618.889 17.364 4.283 159.145 799.681 and fishery
Informasi dan komunikasi 1.005.210 - - 1.119 1.006.329 Information and communication
Real estate, leasing
Real estate, usaha persewaan, services and
dan jasa perusahaan 400.145 - 243 84.694 485.082 servicing companies
Konstruksi 326.489 1.964 3.294 415.774 747.521 Construction
Industri pengolahan 458.541 5.589 2.124 372.165 838.419 Processing industries
Pengangkutan dan Transportation,
pergudangan 67.038 897 298 11.894 80.127 warehousing
Jasa kesehatan dan kegiatan
sosial 175.384 1.187 - 51.253 227.824 Health and social services
Penyediaan akomodasi dan Accommodation and food
penyediaan makan minum 129.060 7.215 413 40.292 176.980 and beverage
Aktivitas penyewaan dan Leasing and leasing
sewa guna usaha tanpa hak activities without options,
opsi, ketenagakerjaan, agen employment, agency
perjalanan dan penunjang travel and other business
usaha lainnya 92.974 2.362 783 214.718 310.837 support
Bukan lapangan usaha lainnya 97.656 88 451 166.544 264.739 Not other business fields
Aktivitas profesional, ilmiah, Professional, scientific
dan teknis 4.912 102 - 5.191 10.205 and technical activities
Aktivitas jasa lainnya 65.679 3.250 677 3.193 72.799 Others
Jasa pendidikan 17.586 128 - 40.416 58.130 Education services
Arts, entertainment, and
Kesenian, hiburan dan rekreasi 6.328 221 765 8.795 16.109 recreation
Pengadaan listrik, gas, uap/air Supply of electricity, gas,
panas dan udara dingin 1.731 - - 50.000 51.731 steam/water hot and cold air
Pengelolaan air, pengelolaan Water management, waste
air limbah, pengelolaan water management, waste
dan daur ulang sampah, management and recycling,
dan aktivitas remediasi 22.100 2.947 - 30.000 55.047 and remediation activities
Administrasi pemerintahan, Government administration,
pertahanan dan jaminan defense, and compulsory
sosial wajib 1.833 - - - 1.833 social security
Aktivitas rumah tangga sebagai Household activities as
pemberi kerja; Aktivitas yang employers; activities and
menghasilkan barang dan jasa produce goods and
oleh rumah tangga yang services by household are
digunakan untuk memenuhi that meet used to
kebutuhan sendir 948 - - - 948 their own needs
Aktivitas badan internasional Activities of international
dan badan ekstra organization and other
internasional lainnya - 682 - - 682 extra international entities
Jumlah 8.200.063 402.304 162.352 2.531.599 11.296.318 Total
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2025
Tahap 1/ Tahap 2/ Tahap 3/ Syariah/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia Total
Mata uang asing (Catatan 45) Foreign currencies (Note 45)
Perdagangan besar dan eceran, Whosale and retail trade, repair,
reparasi dan perawatan mobil, and maintenance of cars,
dan sepeda motor 103.972 - - - 103.972 and motorcycles
Aktivitas penyewaan dan sewa Leasing and leasing
guna usaha anpa hak opsi activities without
,ketenagakerjaan, agen option rights,
perjalanan dan employment, travel agent
penunjang usaha lainnya 98.039 - - - 98.039 and other business support
Aktivitas pembiayaan dan asuransi 52.245 - - - 52.245 Financial and insurance activities
Industri pengolahan 49.692 - - - 49.692 Processing industries
Pertambangan dan penggalian 2.370 - - - 2.370 Arts, entertainment and recreation
Rumah tangga 8.337 - - - 8.337 Household
Jumlah 314.655 - - - 314.655 Total
Jumlah 8.514.718 402.304 162.352 2.531.599 11.610.073 Total
Cadangan kerugian Allowance for
penurunan nilai (242.849) (203.563) (126.449) (181.079) (753.940) impairment losses
Jumlah - bersih 8.271.869 198.741 35.903 2.350.520 10.857.033 Net
Rupiah Rupiah
Perdagangan besar
dan eceran 4.094.993 442.011 146.887 2.566.183 7.250.074 Wholesale and retail
Rumah tangga 2.198.778 176.515 53.871 4.695 2.433.859 Household
Aktivitas keuangan dan Financial and insurance
asuransi 980.310 - 60 - 980.370 activities
Pertambangan dan penggalian 678.002 - - - 678.002 Mining and excavation
Pertanian, kehutanan dan Agriculture, forestry
perikanan 359.743 18.255 3.200 30.337 411.535 and fishery
Informasi dan komunikasi 2.458 - 110 130 2.698 Information and communication
Real estate, leasing
Real estate, usaha persewaan, services and
dan jasa perusahaan 284.970 258 99.933 385.161 servicing companies
Konstruksi 283.269 2.530 - 205.241 491.040 Construction
Industri pengolahan 259.144 10.705 3.786 55.997 329.632 Processing industries
Pengangkutan dan Transportation,
pergudangan 139.305 9.845 556 5.959 155.665 warehousing
Jasa kesehatan dan kegiatan
sosial 75.488 1.764 - 15.365 92.617 Health and social services
Penyediaan akomodasi dan Accommodation and food
penyediaan makan minum 88.989 17.831 520 29.744 137.084 and beverage
Aktivitas penyewaan dan Leasing and leasing
sewa guna usaha tanpa hak activities without options,
opsi, ketenagakerjaan, agen employment, agency
perjalanan dan penunjang travel and other business
usaha lainnya 57.822 1.571 1.066 16.895 77.354 support
Bukan lapangan usaha lainnya 44.460 18 89 148.938 193.505 Not other business fields
Aktivitas profesional, ilmiah, Professional, scientific
dan teknis 57.504 - 32 556 58.092 and technical activities
Aktivitas jasa lainnya 33.431 6.327 245 3.076 43.079 Others
Jasa pendidikan 12.693 - - 6.516 19.209 Education services
Arts, entertainment, and
Kesenian, hiburan dan rekreasi 5.884 304 - 2.572 8.760 recreation
Pengadaan listrik, gas, uap/air Supply of electricity, gas,
panas dan udara dingin 4.434 - - - 4.434 steam/water hot and cold air
Pengelolaan air, pengelolaan Water management, waste
air limbah, pengelolaan water management, waste
dan daur ulang sampah, management and recycling,
dan aktivitas remediasi 4.452 3.032 - - 7.484 and remediation activities
Jumlah 9.666.129 690.966 210.422 3.192.137 13.759.654 Total
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2025
Tahap 1/ Tahap 2/ Tahap 3/ Syariah/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia Total
Mata uang asing (Catatan 45) Foreign currencies (Note 45)
Industri pengolahan 247.260 - - - 247.260 Processing industries
Pertambangan dan penggalian 158.691 - - - 158.691 Mining and excavation
Rumah tangga 8.048 - - - 8.048 Household
Jumlah 413.999 - - - 413.999 Total
Jumlah 10.080.128 690.966 210.422 3.192.137 14.173.653 Total
Cadangan kerugian Allowance for impairment
penurunan nilai (301.392) (310.066) (168.027) (775.478) (1.554.963) losses
Jumlah - bersih 9.778.736 380.900 42.395 2.416.659 12.618.690 Net
c. Berdasarkan jangka waktu c. By maturity
Jangka waktu kredit diklasifikasikan The classifications of loans based on its credit
berdasarkan periode kredit sebagaimana yang period, as stated in the loan agreements, and
tercantum dalam perjanjian kredit dan waktu based on its remaining period until maturity.
yang tersisa sampai dengan saat jatuh
temponya.
Berdasarkan periode perjanjian kredit: Based on credit period:
2025 2024
Rupiah Rupiah
Kurang dari atau sama dengan
1 tahun 3.054.630 3.330.779 1 year or less
Lebih dari 1 - 2 tahun 1.402.938 3.377.030 More than 1 year until 2 years
Lebih dari 2 - 5 tahun 2.706.262 3.968.235 More than 2 year until 5 years
Lebih dari 5 tahun 4.132.488 3.083.610 More than 5 years
Jumlah 11.296.318 13.759.654 Total
Mata uang asing (Catatan 51) Foreign currrencies (Note 51)
Kurang dari atau sama dengan
1 tahun 8.337 4.569 1 year or less
Lebih dari 1 - 2 tahun 2.370 30.581 More than 1 year until 2 years
Lebih dari 2 - 5 tahun 254.256 218.242 More than 2 year until 5 years
Lebih dari 5 tahun 49.692 160.607 More than 5 years
Jumlah 314.655 413.999 Total
Jumlah 11.610.973 14.173.653 Total
Cadangan kerugian penurunan nilai (753.940) (1.554.963) Allowance for impairment losses
Jumlah - bersih 10.857.033 12.618.690 Net
Berdasarkan sisa umur jatuh tempo: Based on remaining period until maturity:
2025 2024
Rupiah Rupiah
Kurang dari atau sama dengan
1 tahun 3.509.529 7.395.899 1 year or less
Lebih dari 1 - 2 tahun 2.110.239 1.516.774 More than 1 year until 2 years
Lebih dari 1 - 5 tahun 4.335.527 3.882.157 More than 2 years until 5 years
Lebih dari 5 tahun 1.341.023 964.824 More than 5 years
Subtotal 11.296.318 13.759.654 Subtotal
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2025 2024
Mata uang asing (Catatan 51) Foreign currency (Note 51)
Kurang dari atau sama dengan
1 tahun 8.338 12.616 1 year or less
Lebih dari 1 - 2 tahun 2.370 181.224 More than 1 year until 2 years
Lebih dari 2 - 5 tahun 303.947 59.552 More than 2 years until 5 years
Lebih dari 5 tahun - 160.607 More than 5 years
Subtotal 314.655 413.999 Subtotal
Total 11.610.973 14.173.653 Total
Cadangan kerugian penurunan nilai (753.940) (1.554.963) Allowance for impairment losses
Jumlah - bersih 10.857.033 12.618.690 Net
d. Suku bunga per tahun kredit adalah sebagai d. Average interest rates per annum on loans
berikut: follows:
2025 2024
Rupiah 0,00% - 30,00% 0,00% - 37,42% Rupiah
Mata uang asing 0,00% - 7,00% 0,95% - 10,00% Foreign currency
e. Mutasi cadangan kerugian penurunan nilai e. The changes in allowance for impairment
kredit yang diberikan adalah sebagai berikut: losses on loans follows:
2025
Tahap 1/ Tahap 2/ Tahap 3/ Syariah/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia Total
Saldo awal 301.392 310.066 168.027 775.478 1.554.963 Beginning balance
Kerugian kredit ekspektasian Balance of expected
pada fasilitas kredit credit losses
yang belum ditarik 8.470 6 7 - 8.483 on undrawn facilities
Aset keuangan yang baru Recenlty acquired
diperoleh 48.742 - - - 48.742 financial assets
Perubahan bersih pada Net change in
eksposur dan pengukuran exposure and
kembali 17.686 10.379 (75.200) (286.222) (333.357) reamesurement
Transfer ke kerugian kredit Transfer to 12-month
ekspektasian 12 bulan expected credit
(Tahap 1) 3.487 (15.628) (2.253) - (14.394) losses (Stage 1)
Transfer ke kerugian kredit Transfer to 12-month
ekspektasian sepanjang expected credit
umurnya (Tahap 2) (20.166) 158.173 (120.123) - 17.884 losses (Stage 2)
Transfer ke penurunan kredit Transfer to credit
(Tahap 3) (101.683) (259.426) 398.225 - 37.116 impairment (Stage 3)
Penghapusbukuan selama
tahun berjalan - - (242.187) (308.177) (550.364) Write-off during the year
Selisih kurs 2 - - - 2 Exchange difference rate
Kerugian kredit ekspektasian
pada fasilitas kredit Expected credit losses on
yang belum ditarik (15.081) (7) (47) - (15.135) undrawn credit facilities
Balance at the end
Saldo akhir 242.849 203.563 126.449 181.079 753.940 of the year
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2024
Tahap 1/ Tahap 2/ Tahap 3/ Syariah/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia Total
Saldo awal 347.689 347.364 53.952 941.425 1.690.430 Beginning balance
Kerugian kredit Balance of
ekspektasian pada fasilitas expected credit losses
kredit yang belum ditarik 6.479 33 54 - 6.566 on undrawn facilities
Aset keuangan yang baru Recenlty acquired
diperoleh 113.641 - - 1.461 115.102 financial assets
Perubahan bersih pada Net change in
eksposur dan pengukuran exposure and
kembali 7.897 (21.706) (110.842) (16.480) (141.131) reamesurement
Transfer ke kerugian kredit Transfer to 12-month
ekspektasian 12 bulan expected credit
(Tahap 1) 11.506 (48.998) (3.535) - (41.027) losses (Stage 1)
Transfer ke kerugian kredit Transfer to 12-month
ekspektasian sepanjang expected credit
umurnya (Tahap 2) (39.880) 124.146 (32.450) - 51.816 losses (Stage 2)
Transfer ke penurunan kredit Transfer to credit
(Tahap 3) (137.446) (90.768) 301.274 - 73.060 impairment (Stage 3)
Penghapusbukuan selama
tahun berjalan - (40.419) (150.928) (191.347) Write-off during the year
Selisih kurs (23) - - - (23) Exchange difference rate
Kerugian kredit ekspektasian
pada fasilitas kredit Expected credit losses on
yang belum ditarik (8.471) (5) (7) - (8.483) undrawn credit facilities
Balance at the end
Saldo akhir 301.392 310.066 168.027 775.478 1.554.963 of the year
Manajemen berpendapat bahwa jumlah Management believes that the allowance for
cadangan kerugian penurunan nilai untuk impairment losses on loans as at
kredit yang diberikan pada tanggal December 31, 2025 and 2024 is adequate to
31 Desember 2025 dan 2024 adalah memadai cover the possible losses which might arise
untuk menutup kerugian yang mungkin timbul from uncollectible loans.
akibat tidak tertagihnya kredit yang diberikan
tersebut.
f. Saldo kredit channeling BS pada tanggal f. As at December 31, 2025 and 2024, the
31 Desember 2025 dan 2024 masing-masing outstanding balance of channeling of BS
sebesar Rp283.221 dan Rp166.800. amounted to Rp283,221 and Rp166.800,
respectively.
g. Saldo kredit joint financing pada tanggal g. As at December 31, 2025 and 2024, the
31 Desember 2025 dan 2024 masing-masing outstanding balance of joint financing
sebesar Rp1.612.301 dan Rp2.043.036. amounted to Rp1,612,301 and Rp2,043,036,
respectively.
h. Kredit kepada pihak berelasi berupa pinjaman h. Loans granted to related parties, in the form of
karyawan merupakan kredit untuk membeli employee loans, represent loans for
kendaraan, rumah dan keperluan lainnya yang purchases of cars, houses and other
dibebani bunga 0%-12% untuk kredit dibawah necessities with interest rates of 0%-12% for
1 tahun dan 0% - 15% untuk kredit antara loans with term below 1 year and 0% - 15% for
1 sampai dengan 10 tahun. loans with terms ranging between 1 to 10
years.
i. Pada tanggal 31 Desember 2025 dan 2024, i. As at December 31, 2025 and 2024, the total
kredit non-performing yang telah dihentikan gross non-performing loans amounted to
pembebanan bunganya masing-masing Rp179,851 and Rp217,680, respectively.
sebesar Rp179.851 dan Rp217.680.
j. Untuk tahun yang berakhir 31 Desember 2025 j. For the years ended on December 31, 2025
dan 2024, jumlah kredit yang direstrukturisasi and 2024, total restructured loans amounted to
masing-masing sebesar Rp6.968 dan Rp6.968 and Rp93,074, respectively.
Rp93.074.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Perubahan persyaratan dan penyelesaian Changes in terms and settlement of debt
utang yang dilakukan BS: made by BS:
• Meminta jaminan tambahan baik itu • Request additional guarantees in the form
berupa aset tetap, jaminan pribadi, of fixed assets, personal guarantees,
jaminan perusahaan, maupun saham. company guarantees, or shares.
• Perubahan dengan penurunan suku • Changes with the reduction of interest
bunga, struktur fasilitas kredit menjadi rates, the structure of credit facilities into
angsuran, keringanan pembayaran installments, installment payment relief,
angsuran, grace period pokok, principal grace periods, extension of credit
perpanjangan jangka waktu fasilitas kredit. facility periods.
• Apabila debitur tetap mengalami kesulitan • If the debtor is having difficulty with the
kewajiban setiap bulan, maka akan obligation to pay every month, thus it will
diberikan Balooning Payment yang be given Balooning Payment that is
disesuaikan dengan kemampuan debitur. adjusted to the ability of the debtor.
12. Tagihan dan Liabilitas Akseptasi 12. Acceptance Receivables and Payables
a. Tagihan Akseptasi a. Acceptance Receivables
2025 2024
Pihak ketiga Third parties
Rupiah 115.951 7.382 Rupiah
Mata uang asing (Catatan 45) 45.302 30.762 Foreign currencies (Note 45)
Jumlah 161.253 38.144 Total
Cadangan kerugian penurunan nilai (29) (15) Allowance for impairment losses
Jumlah 161.224 38.129 Total
2025
Tahap 1/ Tahap 2/ Tahap 3/ Total/
Stage 1 Stage 2 Stage 3 Total
Balance at the beginning
Saldo awal tahun 15 - - 15 of the year
Pemulihan tahun
Berjalan 9 - - 9 Recovery for current year
Balance at the end
Saldo akhir tahun 24 - - 24 of the year
2024
Tahap 1/ Tahap 2/ Tahap 3/ Total/
Stage 1 Stage 2 Stage 3 Total
Balance at the beginning
Saldo awal tahun 1.560 - - 1.560 of the year
Pemulihan tahun
Berjalan (1.545) - - (1.545) Recovery for current year
Balance at the end
Saldo akhir tahun 15 - - 15 of the year
Manajemen berpendapat bahwa jumlah Management believes that the allowance for
cadangan kerugian penurunan nilai untuk impairment losses on as at December 31,
tagihan akseptasi pada tanggal 31 December 2025 and 2024 acceptance receivables is
2025 dan 2024 adalah memadai untuk adequate to cover the losses which might
menutup kemungkinan kerugian yang akan arise from uncollectible acceptance
timbul akibat tidak tertagihnya tagihan receivables.
akseptasi tersebut.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
b. Liabilitas Akseptasi b. Acceptance Payables
Liabilitas akseptasi merupakan utang kepada Acceptance payables represent payables to
bank lain - pihak ketiga masing-masing other banks - third parties amounting to
sebesar Rp161.553 dan Rp38.160 pada Rp161,553 and Rp38,160 as at December 31,
tanggal 31 Desember 2025 dan 2024. 2025 and 2024, respectively.
13. Aset Ijarah 13. Ijarah Assets
Pada tanggal 31 Desember 2025 dan 2024, akun As at December 31, 2025 and 2024, this account
ini merupakan objek sewa dari transaksi Ijarah represents objects of the Ijarah Muntahiyah
Muntahiyah Bittamlik dengan opsi perpindahan hak Bittamlik lease transactions with an option to
milik objek sewa dengan hibah. transfer the leased object by grant.
Perubahan selama tahun berjalan/
Changes during the year
Pengalihan pada
akhir masa akad/
1 Januari/ Transfer to the 31 Desember/
January Penambahan/ lease at the December
2025 Additions end of contract 2025
Biaya perolehan 481.325 501.695 (107.412) 875.608 Cost
Akumulasi penyusutan 129.800 174.950 (102.705) 202.045 Accumulated depreciation
Nilai Tercatat 351.525 326.745 (4.707) 673.563 Net Book Value
Perubahan selama tahun berjalan/
Changes during the year
Pengalihan pada
akhir masa akad/
1 Januari/ Transfer to the 31 Desember/
January Penambahan/ lease at the December
2024 Additions end of contract 2024
Biaya perolehan 615.525 243.332 (377.532) 481.325 Cost
Akumulasi penyusutan 181.623 319.165 (370.988) 129.800 Accumulated depreciation
Nilai Tercatat 433.902 (75.833) (6.544) 351.525 Net Book Value
14. Piutang Transaksi Efek 14. Securities Transaction Receivables
2025 2024
Receivables from
Piutang manager investasi 426.353 65.072 investment manager
Piutang nasabah 154.257 55.132 Receivables from customers
Piutang transaksi bursa 71.857 51.150 Receivables from exchange transactions
Jumlah 652.467 171.354 Total
Transaksi efek merupakan piutang yang timbul Securities transactions receivables are receivables
sehubungan dengan transaksi pembelian dan arising in connection with the purchase and sale of
penjualan saham dan efek lainnya (bersih) yang shares and other securities (net) transaction that
belum dilunasi pada tanggal laporan posisi have not been repaid as at the date of the
keuangan konsolidasian. consolidated statement of financial position.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Manajemen tidak membentuk cadangan kerugian Management did not provide allowance for
penurunan nilai atas piutang perusahaan efek impairment losses on securities transaction
karena manajemen berpendapat bahwa piutang receivables because management believes that all
transaksi efek tersebut seluruhnya dapat ditagih. such receivables are collectible.
15. Piutang Lain-lain 15. Other Accounts Receivable
2025 2024
Piutang bunga 722.015 760.842 Interest receivables
Piutang hipotik 28.445 30.658 Mortgage receivables
Piutang karyawan 11.646 10.654 Employees receivable
Piutang klaim 1.545 2.647 Claims receivable
Piutang polis 215 179 Policy receivable
Lain-lain 1.947.710 2.754.398 Others
Jumlah 2.711.576 3.559.378 Total
Cadangan kerugian penurunan nilai (17.137) (550) Allowance for impairment losses
Jumlah - bersih 2.694.439 3.557.261 Net
Piutang bunga terdiri dari piutang bunga atas Interest receivables consist of interest from time
deposito berjangka, obligasi dan piutang deposits, bonds and working capital financing with
pembiayaan modal kerja skema anjak piutang. factoring scheme receivables.
Pinjaman hipotik merupakan pinjaman yang Mortgage loans represent loans cash value
diberikan oleh ASM dan SMF, entitas-entitas anak, provided by ASM and SMF, subsidiaries, to their
kepada karyawan dan pihak ketiga untuk employees and third parties for purchase of land or
pembelian tanah atau bangunan. Pinjaman hipotik building. Mortgage loans granted to employees
kepada karyawan dibebani bunga khusus bear special interest rate while those granted to
sedangkan untuk pihak ketiga dibebani dengan third parties bear prevailing market interest rate.
suku bunga pasar yang berlaku. Pelunasannya Payments are made through monthly installment.
dilakukan dengan cara angsuran bulanan. These receivables are secured by mortgage on
Pinjaman ini dijamin dengan surat hipotik atas land or building whose purchase is finance with the
tanah atau bangunan yang pembeliannya dibiayai receivables.
dengan pinjaman ini.
Piutang klaim merupakan tagihan kepada Claims receivable represent receivables from
tertanggung sehubungan dengan klaim yang policyholders in relation to payment of claims by
dibayarkan entitas anak melebihi nilai subsidiaries in excess of the insurance coverage
pertanggungan yang diperkenankan dalam polis limit of policyholders.
asuransi kesehatan.
Piutang polis merupakan piutang yang diberikan Policy receivable is a receivable granted to
kepada pemegang polis yang telah memiliki nilai policyholders whose policies have cash value.
tunai.
Mutasi cadangan kerugian penurunan nilai adalah The changes in allowance for impairment losses on
sebagai berikut: other receivables follows:
2025 2024
Balance at the beginning
Saldo awal tahun 550 414 of the year
Penambahan selama tahun berjalan 16.587 136 Provision during the year
Pemulihan tahun berjalan - - Reversal during the year
Saldo akhir tahun 17.137 550 Balance at the end of the year
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Manajemen berpendapat bahwa jumlah cadangan Management believes that the allowance for
kerugian penurunan nilai untuk piutang lain-lain impairment losses on other accounts receivable as
pada tanggal 31 Desember 2025 dan 2024 adalah at December 31, 2025 and 2024 is adequate to
cukup untuk menutup kerugian yang mungkin cover the possible losses which might arise from
timbul akibat tidak tertagihnya piutang lain-lain uncollectible other accounts receivable.
tersebut.
16. Investasi Dalam Saham 16. Investment in Shares of Stock
Pada tanggal 31 Desember 2025 dan 2024, As at December 31, 2025 and 2024, investments in
investasi dalam saham dengan persentase shares with percentage of ownership of below 20%
kepemilikan dibawah 20%, dikategorikan sebagai are categorized as at fair value through other
aset keuangan yang diukur pada nilai wajar melalui comprehensive income.
penghasilan komprehensif lain.
2025 2024
The Company's investment
Investasi saham oleh Perusahaan in shares of stock
Metode ekuitas 475.268 473.280 Equity method
Diukur pada nilai wajar melalui Measured at fair value through
penghasilan komprehensif lain 2.084.233 2.444.384 other comprehensive income
Jumlah 2.559.501 2.917.664 Total
Subsidiaries' investments
Investasi saham oleh entitas anak in shares of stock
Metode ekuitas 385.389 326.484 Equity method
Diukur pada nilai wajar melalui Measured at fair value through
penghasilan komprehensif lain 42.209 259.247 other comprehensive income
Jumlah 427.598 585.731 Total
Jumlah 2.987.099 3.503.395 Total
Cadangan kerugian penurunan nilai - - Allowance for impairment losses
Jumlah-bersih 2.987.099 3.503.395 Net
a. Investasi Saham oleh Perusahaan a. The Company’s Investments in Shares of
Stock
Perubahan selama tahun 2025/
Change during the year 2025
Kenaikan
(penurunan) nilai
Nilai wajar dalam Nilai
penyertaan penghasilan penyertaan
awal tahun komprehensif akhir tahun
1 Januari Penambahan Ekuitas lain/ 31 Desember
2025/ (Pengurangan) pada laba Increase 2025/
Beginning Investasi (rugi) bersih/ (decreased) in Ending
Investment /Additional Share fair value at other Investment
January 1, (Deduction) in net comprehensive December 31,
2025 Investment income (loss) income 2025
Metode Ekuitas Equity Method
Entitas Asosiasi Associates
PT Elang Andalan Nusantara 378.280 - - 1.988 380.268 PT Elang Andalan Nusantara
PT Liugong Finance Indonesia 95.000 - - - 95.000 PT Liugong Finance Indonesia
Jumlah 473.280 - - 1.989 475.268 Total
- 119 -
Page 491
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Perubahan selama tahun 2025/
Change during the year 2025
Kenaikan
(penurunan) nilai
Nilai wajar dalam Nilai
penyertaan penghasilan penyertaan
awal tahun komprehensif akhir tahun
1 Januari Penambahan Ekuitas lain/ 31 Desember
2025/ (Pengurangan) pada laba Increase 2025/
Beginning Investasi (rugi) bersih/ (decreased) in Ending
Investment /Additional Share fair value at other Investment
January 1, (Deduction) in net comprehensive December 31,
2025 Investment income (loss) income 2025
Aset keuangan yang diukur pada
nilai wajar melalui penghasilan Financial asset at fair value
komprehensif lain through other comprehensive
Entitas Asosiasi Associates income
PT MSIG Life Insurance PT MSIG Life Insurance
Indonesia Tbk 1.575.000 - - (472.905) 1.102.095 Indonesia Tbk
PT Summit Oto Finance 366.309 366.309 PT Summit Oto Finance
PT Oto Multiartha 139.306 139.306 PT Oto Multiartha
PT SGMW Multifinance PT SGMW Multifinance
Indonesia 114.000 114.000 Indonesia
PT Sinar Mitra Sepadan PT Sinar Mitra Sepadan
Finance 96.193 96.193 Finance
PT Sinarmas Hana Finance 52.500 52.500 PT Sinarmas Hana Finance
PT Bank China Construction PT Bank China Construction
Bank Indonesia Tbk 13.500 13.500 Bank Indonesia Tbk
PT Oriente Mas Sejahtera 5.701 9.000 PT Oriente Mas Sejahtera
PT Hyundai Capital PT Hyundai Capital
Finance Indonesia 60.000 109.455 169.455 Finance Indonesia
PT Peduli Sehat PT Peduli Sehat
Gotong Royong 21.875 21.875 Gotong Royong
Jumlah 2.444.384 109.455 (472.905) 2.084.233 Total
Perubahan selama tahun 2024/
Change during the year 2024
Kenaikan
(penurunan) nilai
Nilai wajar dalam Nilai
penyertaan penghasilan penyertaan
awal tahun komprehensif akhir tahun
1 Januari Penambahan Ekuitas lain/ 31 Desember
2024/ (Pengurangan) pada laba Increase 2024/
Beginning Investasi (rugi) bersih/ (decreased) in Ending
Investment /Additional Share fair value at other Investment
January 1, (Deduction) in net comprehensive December 31,
2024 Investment income (loss) income 2024
Metode Ekuitas Equity Method
Entitas Asosiasi Associates
PT Elang Andalan Nusantara 384.371 - - (6.091) 378.280 PT Elang Andalan Nusantara
PT Liugong Finance Indonesia - 95.000 - - 95.000 PT Liugong Finance Indonesia
Jumlah 384.371 95.000 - (6.091) 473.280 Total
Aset keuangan yang diukur pada Financial asset at fair value
nilai wajar melalui penghasilan through other comprehensive
komprehensif lain income
Entitas Asosiasi Associates
PT MSIG Life Insurance PT MSIG Life Insurance
Indonesia Tbk 1.581.579 - - (6.579) 1.575.000 Indonesia Tbk
PT Summit Oto Finance 366.309 - - - 366.309 PT Summit Oto Finance
PT Oto Multiartha 139.306 - - - 139.306 PT Oto Multiartha
PT SGMW Multifinance PT SGMW Multifinance
Indonesia 114.000 - - - 114.000 Indonesia
PT Sinar Mitra Sepadan PT Sinar Mitra Sepadan
Finance 96.193 - - - 96.193 Finance
PT Sinarmas Hana Finance 52.500 - - 52.500 PT Sinarmas Hana Finance
PT Bank China Construction PT Bank China Construction
Bank Indonesia Tbk 13.500 - - - 13.500 Bank Indonesia Tbk
PT Otoraja Network
PT Otoraja Network Indonesia 10.000 (10.000) - - Indonesia
PT Oriente Mas Sejahtera 5.701 - - 5.701 PT Oriente Mas Sejahtera
PT Hyundai Capital PT Hyundai Capital
Finance Indonesia - 60.000 - - 60.000 Finance Indonesia
PT Peduli Sehat PT Peduli Sehat
Gotong Royong - 21.875 - - 21.875 Gotong Royong
Jumlah 2.379.088 71.875 - (6.579) 2.444.384 Total
- 120 -
Page 492
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Metode Ekuitas Equity Method
PT Elang Andalan Nusantara (EAN) PT Elang Andalan Nusantara (EAN)
EAN, berkedudukan di Jakarta, merupakan EAN, based in Jakarta, is a company engaged
perusahaan yang bergerak di bidang in trade and services. The company invested
perdagangan dan jasa. Perusahaan in EAN shares on December 31, 2025, and
melakukan investasi pada saham EAN pada 2023, amounting to Rp378,280 and
tanggal 31 Desember 2025 dan 2024 masing- Rp384,371, respectively, with an ownership
masing sebesar Rp378.280 dan Rp384.371 percentage of 1.69%. Management has
dengan persentase kepemilikan sebesar assessed the level of influence that the Group
1,69%. Manajemen telah melakukan penilaian has on EAN and determined that it has
terhadap tingkat pengaruh Grup atas EAN dan significant influence, even though the Group
menyimpulkan bahwa meskipun Grup hanya only holds 20% of EAN shares, because of the
memiliki 20% kepemilikan saham EAN namun board representation and contractual terms.
Grup dianggap memiliki pengaruh yang Consequently, this investment was classified
signifikan disebabkan oleh adanya dewan as an associate.
perwakilan dan adanya pernyataan kontraktual
sebagai akibatnya, maka investasi ini
diklasifikasi sebagai entitas asosiasi.
PT Liugong Finance Indonesia (LFI) PT Liugong Finance Indonesia (LFI)
LFI, berkedudukan di Jakarta, merupakan LFI, domiciled in Jakarta, is a company
perusahaan yang bergerak di bidang engaged in the financing. The Company
pembiayaan. Perusahaan melakukan investasi invests Rp95,000 in LFI shares with a 19%
pada saham LFI sebesar Rp95.000 dengan ownership interest. Management has
persentase kepemilikan 19%. Manajemen assessed the level of influence that the Group
telah melakukan penilaian terhadap tingkat has on LFI and determined that it has
pengaruh Grup atas LFI dan menyimpulkan significant influence, even though the Group
bahwa meskipun Grup hanya memiliki 20% only holds 20% of LFI shares, because of the
kepemilikan saham LFI namun Grup dianggap board representation and contractual terms.
memiliki pengaruh yang signifikan disebabkan Consequently, this investment was classified
oleh adanya dewan perwakilan dan adanya as an associate.
pernyataan kontraktual sebagai akibatnya,
maka investasi ini diklasifikasi sebagai entitas
asosiasi.
Pada Nilai Wajar melalui Penghasilan At Fair Value Through Other
Komprehensif Lain Comprehensive Income
PT Peduli Sehat Gotong Royong (PSGR) PT Peduli Sehat Gotong Royong (PSGR)
PSGR, berkedudukan di Jakarta merupakan PSGR, domiciled in Jakarta is a company
perusahaan yang bergerak di bidang social engaged in social media crowd funding. The
media crowd funding. Perusahaan melakukan Company invested in PSGR shares of
investasi pada saham PSGR sebesar Rp8,000 each. The percentage of ownership
Rp8.000. Persentase kepemilikan pada tahun in 2024 is 31.01%.
2024 sebesar 31,01%.
PT MSIG Life Insurance Indonesia Tbk (AJSM) PT MSIG Life Insurance Indonesia Tbk
(AJSM)
AJSM, berkedudukan di Jakarta, merupakan AJSM, domiciled in Jakarta, engages in life
perusahaan yang bergerak di bidang asuransi insurance. The Company’s ownership interest
jiwa. Kepemilikan Perusahaan pada AJSM in AJSM is 12.5%.
sebesar 12,5%.
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Page 493
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
PT Summit Oto Finance (SOF) PT Summit Oto Finance (SOF)
SOF, berkedudukan di Jakarta, merupakan SOF, domiciled in Jakarta, engages in
perusahaan yang bergerak di bidang financing. The Company invested in the SOF
pembiayaan. Perusahaan melakukan investasi shares amounting to Rp366,309 with
pada saham SOF sebesar Rp366.309 dengan ownership interest of 15%.
persentase kepemilikan sebesar 15%.
PT OTO Multiartha (OTO) PT OTO Multiartha (OTO)
OTO, berkedudukan di Jakarta, merupakan OTO, domiciled in Jakarta, engages in
perusahaan yang bergerak di bidang financing. The Company invested in the OTO
pembiayaan. Perusahaan melakukan investasi shares amounting to Rp139,306 with
pada saham OTO sebesar Rp139.306 dengan ownership interest of 15%.
persentase kepemilikan sebesar 15%.
PT SGMW Multifinance Indonesia (SGMW) PT SGMW Multifinance Indonesia (SGMW)
SGMW, berkedudukan di Jakarta merupakan SGMW, domiciled in Jakarta, engages in
perusahaan yang bergerak di bidang financing. The Company invested in the
pembiayaan. Perusahaan melakukan investasi SGMW shares amounting to Rp114,000 with
pada saham SGMW sebesar Rp114.000 ownership interest of 19%.
dengan persentase kepemilikan 19%.
PT Sinar Mitra Sepadan Finance (SMSF) PT Sinar Mitra Sepadan Finance (SMSF)
SMSF, berkedudukan di Jakarta merupakan SMSF, domiciled in Jakarta, engages in
perusahaan yang bergerak di bidang financing. The Company owns shares SMSF
pembiayaan. Perusahaan memiliki 82.500 series A 82,500 shares and series B
saham seri A dan 1.425.000 saham seri B 1,425,000 shares SMSF amounting to
SMSF dengan nilai sebesar Rp96.193 atau Rp96,193 with ownership interest of 15%.
setara dengan persentase kepemilikan 15%.
PT Sinarmas Hana Finance (SHF) PT Sinarmas Hana Finance (SHF)
SHF, berkedudukan di Jakarta, merupakan SHF, domiciled in Jakarta, is a company
perusahaan yang bergerak di bidang engaged in financing. The company invested
pembiayaan. Perusahaan melakukan investasi in SHF shares amounting to Rp22,500, with an
pada saham SHF sebesar Rp22.500, dengan ownership percentage of 15%. The company
persentase kepemilikan sebesar 15%. subsequently increased its investment in SHF
Perusahaan menambah investasi pada saham shares by Rp52,500 while maintaining the
SHF sebesar Rp52.500 dengan persentase same ownership percentage.
kepemilikan yang sama.
PT Bank China Construction Bank Indonesia PT Bank China Construction Bank Indonesia
Tbk (BCCBI) Tbk (BCCBI)
BCCBI, berkedudukan di Jakarta, merupakan BCCBI, domiciled in Jakarta, is a company
perusahaan yang bergerak di bidang engaged in trade and services. The Company
perdagangan dan jasa. Perusahaan invested Rp13,500 in BCCBI shares with a
melakukan investasi pada saham BCCBI 0.24% ownership interest.
sebesar Rp13.500 dengan persentase
kepemilikan 0,24%.
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Page 494
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
PT Oriente Mas Sejahtera (OMS) PT Oriente Mas Sejahtera (OMS)
OMS, berkedudukan di Jakarta, merupakan OMS, domiciled in Jakarta, is a Company
perusahaan yang bergerak di bidang engaged in the financing. The company
pembiayaan. Perusahaan melakukan investasi invests Rp5,701 in OMS shares with a 15%
pada saham OMS sebesar Rp5.701 dengan ownership interest.
persentase kepemilikan 15%.
Nanovest Ltd Nanovest Ltd
Nanovest, berkedudukan di Jakarta, Nanovest, domiciled in Jakarta, is a company
merupakan perusahaan yang bergerak di engaged in the financing. The Company
bidang pembiayaan. Perusahaan melakukan invests Rp1,570 in Nanovest shares with a
investasi pada saham Nanovest sebesar 15% ownership interest (the Company has
Rp1.570 dengan persentase kepemilikan 15% sold the investment in 2023).
(Pada tahun 2023, Perusahaan telah menjual
investasi tersebut).
PT Otoraja Network Indonesia (ONI) PT Otoraja Network Indonesia (ONI)
ONI, berkedudukan di Jakarta, merupakan ONI, domiciled in Jakarta, is a company
perusahaan yang bergerak di bidang bengkel engaged in the motorcycle workshop. The
sepeda motor. Perusahaan melakukan Company invests Rp10,000 in ONI shares with
investasi pada saham ONI sebesar Rp10.000 a 40% ownership interest (the Company has
dengan persentase kepemilikan 40% (Pada sold the investment in 2024).
tahun 2024, Perusahaan telah menjual
investasi tersebut).
PT Bima Multi Finance (BMF) PT Bima Multi Finance (BMF)
BMF, berkedudukan di Jakarta, merupakan BMF, domiciled in Jakarta, is a company
perusahaan yang bergerak di bidang engaged in the credit financing. The Company
pembiayaan kredit. Perusahaan melakukan invests Rp111,751 in BMF shares with a
investasi pada saham BMF sebesar 40.07% ownership interest (the Company has
Rp111.751 dengan persentase kepemilikan sold the investment in 2023).
40,07% (Pada tahun 2023, Perusahaan telah
menjual investasi tersebut).
PT Hyundai Capital Indonesia (HCFI) PT Hyundai Capital Indonesia (HCFI)
HCFI, berkedudukan di Jakarta, merupakan HCFI, domiciled in Jakarta, is a company
perusahaan yang bergerak di bidang engaged in the financing. The Company
pembiayaan. Perusahaan melakukan investasi invests Rp60,000 in HCFI shares with a 15%
pada saham HCFI sebesar Rp60.000 dengan ownership interest.
persentase kepemilikan 15%.
Pada tahun 2025, HCFI melakukan In 2025, HCFI increased its issued and paid-up
peningkatan modal disetor dan ditempatkan capital by Rp399,700, with a nominal value of
sebesar Rp399.700 dengan nilai nominal Rp1,000 per share. The Company contributed
sebesar Rp1.000 per lembar saham. additional capital to HCFI amounting to
Perusahaan menambah setoran modal pada Rp109,455. There was no change in the
HCFI sebesar Rp109.455. tidak ada Company’s ownership percentage, as all HCFI
peningkatan presentase kepemilikan karena shareholders were allocated shares on a pro
semua pemegang saham HCFI diberikan porsi rata basis.
yang sama
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Page 495
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
b. Investasi saham oleh entitas anak b. Subsidiaries’ investments in shares of stock
2025
Pertukaran
Nilai Ekuitas Utang ke Dikonsolidasikan Nilai
penyertaan Penambahan pada laba Ekuitas/ ke entitas penyertaan
awal tahun/ (pengurangan) (rugi) bersih/ Debt to anak/ akhir tahun/
Beginning /Additional Share in net Equity Dividen/ Consolidated Ending
investment (Deduction) income (loss) Swap Dividend to subsidiaries investment
Metode Ekuitas/Equity method
Entitas Asosiasi/Associates
PT Bintang Rajawali Perkasa 128.643 - (5.725) - - - 122.918
PT Asuransi Sumit Oto 120.212 - 56.255 - - - 176.467
PT KB Insurance Indonesia 68.767 - 4.913 - - - 73.680
PT Premium Garansi Indonesia 8.852 - 3.472 - - - 12.324
PT Sukucadang Karya Utama 10 (10) - - - - -
Jumlah/Total 326.484 (10) 58.915 - - - 385.389
Aset keuangan Pada Nilai Wajar melalui
Penghasilan Komprehensif Lain/
Financial assets at fair value through other
comprehensive income
Entitas Asosiasi/Associates
PT Bursa Komoditi dan Derivatif
Indonesia 17.850 (17.850) - - - - -
Konsorsium Asuransi Risiko Khusus
PT Tugu Reasuransi Indonesia -
PT Kustodian Sentral Efek Indonesia 6.600 - - - - 6.600
PT Asuransi MAIPARK Indonesia 2.367 - - - - - 2.367
PT Pemeringkat Efek Indonesia 3.500 3.500
PT Bursa Efek Indonesia 7.500 7.500
Nanjing Sinar Mas & ZiJin Venture
Capital Management 1.088 1.088
PT PPPMPI 20 20
PT Reasuransi MAIPARK Indonesia 3.244 3.244
PT Penjaminan Ulang Indonesia 200.000 (200.000) - - - - -
PT Agate International 17.077 - 813 - - - 17.890
PT Plaza Indonesia 1 (1) - - - - -
Jumlah/Total 259.247 42.209
2024
Pertukaran
Nilai Ekuitas Utang ke Dikonsolidasikan Nilai
penyertaan Penambahan pada laba Ekuitas/ ke entitas penyertaan
awal tahun/ (pengurangan) (rugi) bersih/ Debt to anak/ akhir tahun/
Beginning /Additional Share in net Equity Dividen/ Consolidated Ending
investment (Deduction) income (loss) Swap Dividend to subsidiaries investment
Metode Ekuitas/Equity method
Entitas Asosiasi/Associates
PT Bintang Rajawali Perkasa 137.755 - (9.112) - - - 128.643
PT Asuransi Sumit Oto 89.316 - 30.896 - - - 120.212
PT KB Insurance Indonesia 67.914 - 853 - - - 68.767
PT Premium Garansi Indonesia 3.732 - 5.120 - - - 8.852
PT Sukucadang Karya Utama - 10 - - - - 10
Jumlah/Total 298.717 10 27.757 - - - 326.484
Aset keuangan Pada Nilai Wajar melalui
Penghasilan Komprehensif Lain/
Financial assets at fair value through other
comprehensive income
Entitas Asosiasi/Associates
PT Bursa Komoditi dan Derivatif
Indonesia 17.850 - - - - - 17.850
Konsorsium Asuransi Risiko Khusus
PT Tugu Reasuransi Indonesia 7.500 (7.500) - - - - -
PT Kustodian Sentral Efek Indonesia 6.600 - - - - - 6.600
PT Asuransi MAIPARK Indonesia 5.611 (3.244) - - - - 2.367
PT Pemeringkat Efek Indonesia 3.500 - - - - - 3.500
Kapas Syariah 2.715 (2.715) - - - - -
PT Bursa Efek Indonesia 7.500 - - - - - 7.500
Nanjing Sinar Mas & ZiJin Venture
Capital Management 1.088 - - - - - 1.088
PT PPPMPI 20 - - - - - 20
PT Bank Nano Syariah 240.000 - - - - (240.000) -
PT Reasuransi MAIPARK Indonesia 3.244 - - - - - 3.244
PT Penjaminan Ulang Indonesia - 200.000 - - - - 200.000
PT Agate International - 17.077 - - - - 17.077
PT Plaza Indonesia - 1 - - - - 1
Jumlah/Total 295.628 203.619 - - - (240.000) 259.247
- 124 -
Page 496
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Metode Ekuitas Equity Method
PT KB Insurance Indonesia (KBII) PT KB Insurance Indonesia (KBII)
KBII yang merupakan perusahaan patungan KBII which is a joint venture with KB Insurance,
dengan KB Insurance, Korea yang bergerak dalam Korea which is engaged in the insurance sector.
di bidang asuransi. ABSM melakukan investasi ABSM made an investment in KBII shares of
pada saham KBII sebesar Rp39.600 dengan Rp39,600 with an ownership interest of 30%.
presentasi kepemilikan sebesar 30%.
PT Asuransi Sumit Oto (ASO) PT Asuransi Sumit Oto (ASO)
ASO yang merupakan perusahaan patungan ASO which is a joint venture with Djohan Marzuki
dengan Djohan Marzuki dan PT Summit and PT Summit Investment Indonesia which is
Investment Indonesia yang bergerak dalam bidang engaged in insurance. ASM's ownership in ASO is
asuransi. Kepemilikan ASM pada ASO adalah 48%.
48%.
PT Bintang Rajawali Perkasa (BRP) PT Bintang Rajawali Perkasa (BRP)
BRP yang merupakan perusahaan patungan yang BRP is a joint venture engaged in property. SU has
bergerak di bidang properti. Kepemilikan SU pada ownership interest in BRP of 40%.
BRP adalah sebesar 40%.
PT Premium Garansi Indonesia (PGI) PT Premium Garansi Indonesia (PGI)
PGI merupakan perusahaan yang bergerak di PGI is a company engages in guarantee for used
bidang garansi untuk mobil bekas. JTU melakukan cars. JTU invested in PGI amounting to Rp3,300
investasi pada saham PGI sebesar Rp3.300 with ownership interest of 33%.
dengan presentasi kepemilikan sebesar 33%.
Pada Nilai Wajar melalui Penghasilan At Fair Value Through Other Comprehensive
Komprehensif Lain Income
PT Bima Multi Finance (BMF) PT Bima Multi Finance (BMF)
BMF merupakan perusahaan yang bergerak BMF is subsidiary engaged in financing.
dibidang pembiayaan.
Pada tanggal 15 Maret 2019, ASJ, ASM, ASI dan On March 15, 2019, ASJ, ASM, ASI, and other
beberapa kreditur lainnya telah menyetujui konversi creditors had agreed to the conversion of Medium
Medium Term Notes BMF menjadi saham. Term Notes of BMF into shares. The conversion is
Konversi tersebut merupakan upaya entitas anak an effort of subsidiaries and other creditors to
dan beberapa kreditur lainnya untuk rescue and develop the business of BMF. The
menyelamatkan dan mengembangkan usaha BMF. Group has ownership interest of 40.07% in BMF
Grup memiliki 40,07% saham BMF setelah after the conversion.
konversi tersebut.
Pada bulan Desember 2019, Perusahaan In December 2019, the Company has taken over
mengambil alih kepemilikan ASJ pada BMF the ownership of ASJ in BMF amounting to
dengan nilai sebesar Rp111.751 (Pada tahun Rp111,751 (the Company has sold the investment
2023, Perusahaan telah menjual investasi in 2023).
tersebut).
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Page 497
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Ikhtisar informasi keuangan entitas asosiasi adalah The summary of financial information of associates
sebagai berikut: is as follows:
2025
Jumlah aset/ Jumlah liabilitas/ Jumlah ekuitas/ Laba (rugi) bersih/
Total assets Total liabilities Total equity Net income (loss)
Investasi saham oleh Investment in shares by
entitas anak the subsidiaries
PT Bintang Rajawali PT Bintang Rajawali
Perkasa 345.513 23.411 322.102 (4.584) Perkasa
PT Asuransi Sumit Oto 761.790 401.739 360.050 11.523 PT Asuransi Sumit Oto
PT KB Insurance PT KB Insurance
Indonesia 732.095 485.908 246.187 10.999 Indonesia
PT Premium Garansi PT Premium Garansi
Indonesia 25.555 11.341 14.214 10492 Indonesia
2024
Jumlah aset/ Jumlah liabilitas/ Jumlah ekuitas/ Laba (rugi) bersih/
Total assets Total liabilities Total equity Net income (loss)
Investasi saham oleh Investment in shares by
entitas anak the subsidiaries
PT Bintang Rajawali PT Bintang Rajawali
Perkasa 338.739 22.952 315.786 (4.494) Perkasa
PT Asuransi Sumit Oto 737.112 488.585 248.527 1.833 PT Asuransi Sumit Oto
PT KB Insurance PT KB Insurance
Indonesia 801.163 481.682 229.243 (2.583) Indonesia
PT Premium Garansi PT Premium Garansi
Indonesia 31.456 15.126 16.330 8.084 Indonesia
Mutasi cadangan kerugian penurunan nilai adalah The change in allowance for impairment losses
sebagai berikut: follows:
2025 2024
Balance at the beginning
Saldo awal tahun 8.000 of year
Pemulihan tahun berjalan (8.000) Reversal during the year
Saldo akhir tahun - Balance at the end of year
Manajemen berpendapat bahwa jumlah cadangan Management believes that the allowance for
kerugian penurunan nilai untuk investasi dalam impairment losses on investment in shares of stock
saham pada tanggal 31 Desember 2025 dan 2024 as at December 31, 2025 and 2024 is adequate to
adalah cukup untuk menutup kemungkinan cover possible losses that may arise from these
kerugian yang akan timbul akibat penurunan nilai investment in shares.
investasi dalam saham.
17. Properti Investasi 17. Investment Properties
Pada tanggal 31 Desember 2025 dan 2024, akun As at December 31, 2025 and 2024, these
ini merupakan investasi pada tanah dan bangunan represent investments in land and building owned
milik entitas anak yaitu ASM, RLS dan ASJ. by ASM, RLS and ASJ.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Berikut ini adalah saldo dan mutasi properti Following are the balances of and changes in
investasi dan akumulasi penyusutannya: investment properties and the related accumulated
depreciation:
Perubahan selama tahun 2025/
Changes during the year 2025
1 Januari/ 31 Desember/
January Penambahan/ Pengurangan/ Reklasifikasi/ December
2025 Additions Deductions Reclassification 2025
Biaya perolehan At Cost
Bangunan 527.485 117.537 - - 645.022 Building
Akumulasi penyusutan Accumulated
Depreciation
Bangunan 121.615 84.504 - - 206.119 Building
Nilai Tercatat 405.870 438.903 Net Book Value
Perubahan selama tahun 2024/
Changes during the year 2024
1 Januari/ 31 Desember/
January Penambahan/ Pengurangan/ Reklasifikasi/ December
2024 Additions Deductions Reclassification 2024
Biaya perolehan At Cost
Bangunan 525.500 2.660 (675) - 527.485 Building
Akumulasi penyusutan Accumulated
Depreciation
Bangunan 111.831 10.475 (691) - 121.615 Building
Nilai Tercatat 413.669 405.870 Net Book Value
Beban penyusutan properti investasi untuk tahun Depreciation expense for the years ended
yang berakhir pada tanggal 31 Desember 2025 dan December 31, 2025 and 2024 amounted to
2024 masing-masing sebesar Rp10.475 dan Rp10,475 and Rp14,724, respectively.
Rp14.724.
Properti investasi telah diasuransikan kepada ASM, Investment properties are insured with ASM, a
entitas anak, dan perusahaan asuransi lainnya, subsidiary, and other insurance companies, third
pihak ketiga, dengan jumlah pertanggungan parties, for Rp22,692 and Rp222,630 in 2025 and
sebesar Rp22.692 dan Rp222.630 pada tahun 2024, respectively. Management believes that the
2025 dan 2024. Manajemen berpendapat bahwa insurance coverages are adequate to cover any
nilai pertanggungan tersebut telah cukup untuk possible losses that might arise from the assets
menutup kemungkinan kerugian atas aset tetap insured.
terhadap risiko-risiko yang dipertanggungkan.
Manajemen berpendapat bahwa tidak terdapat Management believes that there is no impairment
penurunan nilai atas properti investasi tersebut in value of investment properties as at
pada tanggal 31 Desember 2025 dan 2024. December 31, 2025 and 2024.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
18. Aset Tetap 18. Property and Equipment
Perubahan selama tahun 2025/
Changes during the year 2025
1 Januari/ 31 Desember/
January Penambahan/ Pengurangan/ Reklasifikasi/ December
2025 Additions Deductions Reclassification 2025
Biaya perolehan At cost
Pemilikan langsung Direct acquisitions
Tanah 890.835 - (16.365 ) 4.937 879.407 Land
Bangunan 1.583.657 21.407 (26.760 ) (4.776) 1.573.528 Buildings
Peralatan kantor 2.744.939 163.335 (42.824 ) (287) 2.865.163 Office equipment
Kendaraan bermotor 346.676 24.417 (36.927 ) - 334.166 Vehicles
Perlengkapan kantor 119.467 4.990 (8.027 ) - 116.430 Furniture and fixture
Mesin dan peralatan 19.751 493 - 107 20.350 Machineries and equipment
Aset dalam pembangunan 52.767 3.658 (3.735 ) (1.761) 50.929 Buildings under construction
Aset yang disewakan 530.367 73.924 - - 604.292 Right-of-use assets
Jumlah 6.288.459 292.224 (134.638 ) (1.780 ) 6.444.265 Total
Akumulasi penyusutan Accumulated depreciations
Pemilikan langsung Direct acquisitions
Bangunan 983.440 101.089 (913 ) 8.869 1.092.484 Buildings
Peralatan kantor 1.897.595 177.991 (41.674 ) (3.824 ) 2.030.088 Office equipment
Kendaraan bermotor 212.139 37.652 (34.450 ) (3.011) 212.330 Vehicles
Perlengkapan kantor 96.924 5.963 (8.038 ) 466 95.315 Furniture and fixture
Mesin dan peralatan 18.949 1.041 (1.366 ) (384) 18.240 Machineries and equipment
Aset yang disewakan 378.973 128.547 (21.040 ) (336) 486.144 Right-of-use assets
Jumlah 3.588.020 452.283 (107.481) 1.780 3.934.601 Total
Nilai Tercatat 2.700.439 2.509.664 Net Book Value
Perubahan selama tahun 2024/
Changes during the year 2024
1 Januari/ 31 Desember/
January Penambahan/ Pengurangan/ Reklasifikasi/ December
2024 Additions Deductions Reclassification 2024
Biaya perolehan At cost
Pemilikan langsung Direct acquisitions
Tanah 860.500 30.335 - - 890.835 Land
Bangunan 1.558.910 24.946 (1.089) 890 1.583.657 Buildings
Peralatan kantor 2.624.718 155.850 (40.288) 4.659 2.744.939 Office equipment
Kendaraan bermotor 309.654 49.606 (12.584) - 346.676 Vehicles
Perlengkapan kantor 117.005 7.677 (5.215) - 119.467 Furniture and fixture
Mesin dan peralatan 19.202 549 - - 19.751 Machineries and equipment
Aset dalam pembangunan 57.131 2.917 (1.731) (5.550 ) 52.767 Buildings under construction
Aset yang disewakan 384.785 175.273 (29.692) 1 530.367 Right-of-use assets
Jumlah 5.931.905 447.153 (90.599) - 6.288.459 Total
Akumulasi penyusutan Accumulated depreciations
Pemilikan langsung Direct acquisitions
Bangunan 853.209 130.333 (581) 479 983.440 Buildings
Peralatan kantor 1.757.566 180.390 (40.361) - 1.897.595 Office equipment
Kendaraan bermotor 185.502 38.628 (11.991) - 212.139 Vehicles
Perlengkapan kantor 92.950 8.732 (4.758) - 96.924 Furniture and fixture
Mesin dan peralatan 18.237 712 - - 18.949 Machineries and equipment
Aset yang disewakan 279.447 132.247 (32.242) (479) 378.973 Right-of-use assets
Jumlah 3.186.911 491.042 (89.933) - 3.588.020 Total
Nilai Tercatat 2.744.994 2.700.439 Net Book Value
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Beban penyusutan aset tetap untuk tahun 2025 Depreciation charged to operations in 2025 and
dan 2024 masing-masing sebesar Rp491.042 dan 2024 amounted to Rp491,042 and Rp431,189,
Rp431.189. Sebesar Rp33.137 dan Rp31.241 dari respectively of Rp33,137 and Rp31,241 of the fixed
beban penyusutan aset tetap untuk tahun 2024 dan asset depreciation expense for 2024 and 2023 is
2023 dialokasikan ke dalam beban lain - beban allocated to other expenses - direct cost of service
pokok jasa bengkel center
Penjualan aset tetap dengan rincian sebagai Sale of property and equipment with details as
berikut: follows:
2025 2024
Harga penjualan 10.062 5.969 Selling price
Nilai tercatat 1.574 666 Net book value
Gain on sale of property and
Laba penjualan aset tetap (Catatan 42) 8.488 5.303 equipment (Note 42)
Pada tanggal 31 Desember 2025 dan 2024, aset As at December 31, 2025 and 2024, construction
tetap dalam pembangunan merupakan kontruksi in progress represent building construction in
bangunan di Batam, Bandung, Palembang, Batam, Bandung, Palembang, Denpasar,
Denpasar, Mojokerto, Garut, Jakarta, Bima, Mojokerto, Garut, Jakarta, Bima, Deskcoll
Deskcoll Semarang dan Cianjur. Estimasi Semarang and Cianjur. The estimated year of
penyelesaian pembangunan tersebut pada tahun completion is between 2023 - 2024 estimated.
2023 - 2024. Persentase penyelesaian aset dalam Percentage of completion of building under
pembangunan pada tanggal 31 Desember 2025 construction as at December 31, 2025 and 2024
dan 2024 rentang dari 20% - 80%. ranges from 20% - 80%.
Aset tetap telah diasuransikan kepada ASM, Property and equipment are insured with ASM, a
entitas anak, dan perusahaan asuransi lainnya, subsidiary, and other insurance companies
dengan jumlah pertanggungan masing-masing amounting to Rp290,676,493 and Rp291,187,033
sebesar Rp290.676.493 dan Rp291.187.033 pada as at December 31, 2025 and 2024, respectively.
tanggal 31 Desember 2025 dan 2024. Manajemen Management believes that the insurance
berpendapat bahwa nilai pertanggungan tersebut coverages are adequate to cover any possible
telah cukup untuk menutup kemungkinan kerugian losses that might arise from the assets insured.
atas aset tetap terhadap risiko-risiko yang
dipertanggungkan.
Pada tanggal 31 Desember 2025 dan 2024, tidak As at December 31, 2025 and 2024, there are no
terdapat aset tetap yang tidak dipakai dan property and equipment that were withdrawn from
dihentikan dari penggunaannya namun active use and were classified as held-for-sale.
diklasifikasikan sebagai aset untuk dijual.
Pada tanggal 31 Desember 2025 dan 2024, As at December 31, 2025 and 2024, certain
sebagian aset tetap milik SMF dijadikan sebagai property and equipment owned by SMF, a
jaminan atas pinjaman yang diterima SMF subsidiary, are pledged as collateral on loan
(Catatan 29). received by SMF (Note 29).
Manajemen berpendapat bahwa tidak terdapat Management believes that there is no impairment
penurunan nilai atas nilai tercatat aset tersebut in value of the aforementioned assets as at
pada tanggal 31 Desember 2025 dan 2024. December 31, 2025 and 2024.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
19. Agunan yang Diambil Alih 19. Foreclosed Properties
Agunan yang diambil alih diperoleh SMF dan BS, Foreclosed properties were obtained by SMF and
entitas-entitas anak, dari penyelesaian piutang dan BS, subsidiaries, from settlement of their
kredit. customer’s receivables and loans.
2025 2024
Agunan yang diambil alih 338.094 348.751 Foreclosed Properties
Cadangan kerugian penurunan nilai (88.744) (84.631) Allowance for impairment losses
Jumlah - bersih 249.350 264.120 Net
Agunan yang diambil alih tidak diasuransikan. These foreclosed properties are not insured.
Saat ini SMF dan BS sedang dalam proses Currently, SMF and BS are still in the process of
menjual agunan yang diambil alih, antara lain selling the foreclosed properties, i.e. by
dengan bekerja sama dengan agen pemasaran cooperating with property agents to sell the land,
properti untuk memasarkan tanah, rumah dan houses and apartment units.
apartemen tersebut.
Mutasi cadangan kerugian penurunan nilai agunan The changes is allowance for impairment losses on
yang diambil alih. foreclosed properties follows:
2025 2024
Balance at the beginning
Saldo awal tahun 84.631 88.120 of the year
Pembentukan (Penghapusan) 4.113 (3.489) Provision (Write-off)
Saldo akhir tahun 88.744 84.631 Balance of the year
Manajemen berpendapat bahwa jumlah cadangan Management believes that the allowance for
kerugian penurunan nilai pada tanggal impairment losses on Foreclosed Properties as at
31 Desember 2025 dan 2024 adalah memadai December 31, 2025 and 2024 is adequate to cover
untuk menutup kerugian yang mungkin timbul the possible losses which might arise from the
akibat penurunan nilai agunan yang diambil alih decline in values of the foreclosed properties.
tersebut.
20. Aset Lain-lain 20. Other Assets
2025 2024
Aset kontrak 2.073.317 2.468.199 Contract assets
Goodwill 520.560 520.559 Goodwill
Biaya dibayar dimuka 465.884 317.485 Prepaid expenses
Uang muka investasi 403.185 94.726 Advance for investments
Persediaan 346.518 343.639 Inventories
Advanced payment for purchase
Uang muka pembelian aset tetap 119.459 137.321 of property and equipment
Uang jaminan 107.812 102.089 Security deposits
Pajak dibayar dimuka 70.013 115.836 Prepaid taxes
Advance payment of
Uang muka renovasi bangunan 21.558 22.743 buildings renovation
Lain-lain - 842.400 Others
Cadangan penurunan nilai (1.110.683) - Allowance for impairment losses
Jumlah 3.017.623 4.964.997 Total
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Aset kontrak merupakan beban imbal jasa Contract assets represents re-guarantee fee paid
penjaminan kembali yang telah dibayarkan kepada or portion of re-guarantee fees that have been paid
perusahaan penjaminan kembali dan diakui secara to the re-guarantee company and recognised as a
proporsional sesuai dengan persentase proportionate deduction from the guarantee fee
penyelesaian kewajiban selama periode proteksi income in accordance with the percentage of
penjaminan yang diterima berdasarkan kontrak settlement of obligations during the guarantee
penjaminan kembali, masing-masing sebesar protection period received based on the re-
Rp2.468.199 dan Rp3.172.577 pada tanggal guarantee contract amounting to Rp2,468,199 and
31 Desember 2025 dan 2024. Rp3,172,577 as at December 31, 2025 and 2024,
respectively.
Biaya dibayar dimuka meliputi biaya sewa kantor, Prepaid expenses include prepayments of office
biaya administrasi saham, materai dan premi rental, shares administration charges, stamp duties
asuransi. and insurance premiums.
Uang muka pembelian aset tetap dan renovasi Advanced payment for purchase of property and
bangunan merupakan pembelian dan atau equipment and advanced payment for buildings
pembayaran kepada pemasok dan kontraktor yang renovation represent advances for purchases
belum terselesaikan pada tanggal laporan posisi and/or payment to suppliers and contractors which
keuangan konsolidasian. have not been settled as at the date of
consolidated statements of financial position.
Pajak dibayar dimuka meliputi pajak badan lebih Prepaid taxes represent overpayment of corporate
bayar dan Pajak Pertambahan Nilai. income tax and Value Added Tax.
21. Simpanan dan Simpanan dari Bank Lain 21. Deposits and Deposits from Other Banks
Merupakan simpanan dan simpanan dari bank lain These represent deposits and deposits from other
pada BS, entitas anak. banks placed in BS, a subsidiary.
2025 2024
Giro 16.199.569 17.615.871 Demand deposits
Tabungan 15.523.321 13.822.052 Saving deposits
Deposito berjangka 13.576.287 12.423.014 Time deposits
Simpanan dari bank lain 68.691 69.732 Deposits from other banks
Jumlah 45.367.868 43.930.669 Total
a. Giro terdiri dari: a. Demand deposits consist of:
2025 2024
Pihak berelasi (Catatan 47) Related parties (Note 47)
Rupiah 1.014.419 849.850 Rupiah
Mata uang asing (Catatan 48) 1.428.966 3.199.730 Foreign currencies (Note 48)
Jumlah 2.443.385 4.049.580 Total
Pihak ketiga Third parties
Rupiah 11.888.824 9.800.983 Rupiah
Mata uang asing (Catatan 48) 1.867.359 3.765.308 Foreign currencies (Note 48)
Jumlah 13.756.183 13.566.291 Total
Jumlah 16.199.568 17.615.871 Total
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Suku bunga per tahun giro adalah sebagai Average interest rates per annum on demand
berikut: deposits follows:
2025 2024
Rupiah 0,00% - 7,50% 0,00% - 5,00% Rupiah
Mata uang asing 0,00% - 2,25% 0,00% - 2,50% Foreign currencies
b. Tabungan terdiri dari: b. Savings deposits consist of:
2025 2024
Pihak berelasi (Catatan 47) Related parties (Note 47)
Rupiah 144.054 102.155 Rupiah
Mata uang asing (Catatan 48) 1.012 2.444 Foreign currencies (Note 48)
Jumlah 145.066 104.599 Total
Pihak ketiga Third parties
Rupiah 15.372.054 13.713.786 Rupiah
Mata uang asing (Catatan 48) 6.201 3.667 Foreign currencies (Note 48)
Jumlah 15.378.255 13.717.453 Total
Jumlah 15.523.321 13.822.052 Total
Suku bunga per tahun tabungan adalah Average interest rates per annum on current
sebagai berikut: account follows:
2025 2024
Rupiah 0,00% - 6,00% 0,00% - 5,00% Rupiah
Mata uang asing 0,00% - 0,05% 0,00% - 0,50% Foreign currencies
Saldo tabungan yang diblokir dan dijadikan Total time deposits which were blocked and
jaminan bank garansi pada tanggal used as collateral for bank guarantees as at
31 Desember 2025 dan 2024 masing-masing December 31, 2025 and 2024, amounted to
adalah sebesar Rp3.623 dan Rpnihil (Catatan Rp3.623 and Rpnil, respectively (Notes 11 and
11 dan 53). 53).
c. Deposito berjangka terdiri dari: c. Time deposits consist of:
2025 2024
Pihak berelasi (Catatan 50) Related parties (Note 50)
Rupiah 3.880.505 4.182.559 Rupiah
Mata uang asing (Catatan 51) 281.992 85.754 Foreign currencies (Note 51)
Jumlah 4.162.497 4.268.313 Total
Pihak ketiga Third parties
Rupiah 8.966.175 7.716.882 Rupiah
Mata uang asing (Catatan 51) 447.616 437.819 Foreign currencies (Note 51)
Jumlah 9.413.791 8.154.701 Total
Jumlah 13.576.288 12.423.014 Total
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Page 504
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Saldo deposito berjangka yang diblokir dan Total time deposits which were blocked and
dijadikan jaminan kredit, letters of credit dan used as collateral for loans, letters of credit,
bank garansi pada tanggal 31 Desember 2025 and bank guarantees as at December 31,
dan 2024 masing-masing adalah sebesar 2025 and 2024, amounted to Rp932,094 and
Rp932.094 dan Rp1.064.556 (Catatan 11 dan Rp1,064,556, respectively (Notes 11 and 53).
53).
Suku bunga per tahun deposito berjangka Interest rates per annum on time deposits
adalah sebagai berikut: follows:
2025 2024
Rupiah 0,10% - 6,5% 0,00% - 6,75% Rupiah
Mata uang asing 0,00% - 4,50% 0,00% - 4,50% Foreign currencies
d. Simpanan dari bank lain terdiri dari giro dari d. Deposits from other banks consist of current
bank lain pihak ketiga sebagai berikut: accounts from other third-party banks as
follows:
2025 2024
Rupiah 68.691 69.732 Rupiah
Suku bunga per tahun giro dari bank lain adalah Interest rate per annum on demand deposits from
sebagai berikut: other banks follows:
2025 2024
Rupiah 0,00% - 5,50% 0,20% - 4,75% Rupiah
22. Efek-efek yang Dijual dengan Janji beli Kembali 22. Securities Sold under Agreement to
- Pihak Ketiga Repurchased - Third Parties
Pada tanggal 31 Desember 2024, efek-efek yang As at December 31, 2024, securities sold under
dijual dengan janji beli kembali adalah sebagai agreement to repurchased are:
berikut:
31 Desember/December 31, 2024
Tanggal
Jenis/ Jangka waktu/ jatuh tempo/ Nilai bersih/
Type Term Due Date Net value
Pihak Lawan Counterparty
PT Bank Rakyat 9 Januari/ PT Bank Rakyat Indonesia
Indonesia (Persero) Tbk FR0087 28 hari/days January 9, 2025 462.622 (Persero) Tbk
PT Bank Rakyat 7 Januari/ PT Bank Rakyat Indonesia
Indonesia (Persero) Tbk FR0087 28 hari/days January 7, 2025 184.965 (Persero) Tbk
PT Bank Rakyat 6 Januari/ PT Bank Rakyat Indonesia
Indonesia (Persero) Tbk FR0087 28 hari/days January 6, 2025 231.868 (Persero) Tbk
Jumlah 879.455 Total
23. Liabilitas Kontrak Penjaminan dan Premi 23. Guarantee Contract Liabilities and Premium
Diterima Dimuka Received in Advance
2025 2024
Liabilitas kontrak penjaminan 2.616.051 2.810.412 Re-guarantee contract liabilities
Premi diterima dimuka 80.164 68.580 Deferred premium income
-
Jumlah 2.696.215 2.879.032 Total
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
a. Liabilitas Kontrak Penjaminan a. Re-guarantee Contract Liabilities
2025 2024
Imbal jasa penjaminan-bersih 2.493.091 2.712.933 Guarantee fee - net
Komisi imbal jasa penjaminan Commission from re-guarantee
kembali-bersih 122.960 144.213 fee - net
Jumlah 2.616.051 2.857.146 Total
b. Premi Diterima Dimuka b. Deferred Premium Income
Akun ini merupakan premi yang diterima This account represents premiums received in
dimuka oleh ASM dan ASI, entitas anak, advance by ASM and ASI, subsidiaries, in
sehubungan dengan penerbitan polis asuransi relation to insurance policies issued with
dengan jangka waktu pertanggungan lebih dari coverage period of more than one (1) year.
1 (satu) tahun.
Rincian premi diterima dimuka berdasarkan Deferred premium income by type of insurance
jenis asuransi adalah sebagai berikut: are as follows:
2025 2024
Kecelakaan diri (59.144) 44.170 Personal accident
Kebakaran 396.215 7.285 Fire
Kendaraan bermotor 286.194 5.661 Motor Vehicles
Rekayasa 5.596 Engineering
Aneka (545.832) 3.684 Various
Kesehatan 2.060 Health
Pengangkutan 2.731 124 Marine Cargo
Jumlah 80.164 68.580 Total
24. Utang Transaksi Efek 24. Securities Transaction Payables
2025 2024
Pihak ketiga Third parties
Utang kepada nasabah 484.893 9.888 Payable to customers
Utang komisi 17.355 8.125 Commission payable
Utang kepada PT Kliring Penjaminan Payable to PT Kliring Penjaminan
Efek Indonesia - 71.675 Efek Indonesia
Jumlah 502.248 89.688 Total
25. Utang Pajak 25. Taxes Payable
2025 2024
Pajak penghasilan Income taxes
Pasal 4 (2) 28.541 26.847 Article 4 (2)
Pasal 29 (Catatan 45) 44.443 24.100 Article 29 (Note 45)
Pasal 21 8.038 36.074 Article 21
Pasal 25 6.792 99.249 Article 25
Pasal 23 dan 26 6.214 6.247 Article 23 and 26
Pajak Pertambahan Nilai 12.870 10.712 Value Added Tax
Jumlah 106.898 203.229 Total
- 134 -
Page 506
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
26. Beban Akrual 26. Accrued Expenses
2025 2024
Bunga 91.607 110.789 Interest
Lain-lain 319.919 196.471 Others
Jumlah 411.526 307.260 Total
Lain-lain meliputi biaya-biaya operasional yang Others represent accruals of certain operating
masih harus dibayar. expenses.
27. Surat Berharga yang Diterbitkan 27. Securities Issued
2025 2024
Obligasi 9.031.359 9.476.650 Bonds
Biaya transaksi yang belum diamortisasi (1.504) (40.360) Unamortized issuance cost
Jumlah 9.029.855 9.436.290 Total
Obligasi Bonds
Perusahaan The Company
Pada tanggal 31 Agustus 2020. Perusahaan On August 31, 2020, the Company obtained an
memperoleh Pernyataan Efektif dari Kepala Effective Statement from the Chief Executive of the
Eksekutif Pengawas Pasar Modal Otoritas Jasa Capital Market Supervision of the Financial
Keuangan (OJK) melalui Suratnya No. Services Authority (OJK) through his letter
S-236/D.04/2020 untuk melaksanakan Penawaran No. S-236/D.04/2020 for Public Offering of Sinar
Umum Berkelanjutan I Obligasi Sinar Mas Mas Multiartha Continuing Bond I Year 2020 with a
Multiartha Tahun 2020 dengan jumlah pokok maximum principal amount of bonds a maximum of
obligasi sebanyak-banyaknya Rp1.000.000 Rp1,000,000. PT Bank KB Indonesia Tbk act as
PT Bank KB Indonesia Tbk bertindak sebagai wali trustee.
amanat.
a. Penarikan Tahap I Tahun 2020 sebesar a. The Phase I Year 2020 withdrawal amounting
Rp125.000 diterbitkan dalam 3 seri penarikan to Rp125,000 is issued in 3 series as follows:
yaitu:
1. Obligasi Seri A sebesar Rp55.000 pada 1. Series A Bonds amounting to Rp55,000
tanggal 8 September 2020 dan jatuh on September 8, 2020 and mature on
tempo 13 September 2021 dengan tingkat September 13, 2021 with fixed interest
bunga tetap sebesar 8,00% per tahun rate of 8.00% per annum which is payable
yang terhutang setiap triwulan (Pada on a quarterly basis (the Company has
tahun 2021, Perusahaan telah melunasi repaid the Bonds in 2021).
Obligasi tersebut).
2. Obligasi Seri B sebesar Rp55.000 pada 2. Series B Bonds amounting to Rp55,000
tanggal 8 September 2020 dan jatuh on September 8, 2020 and mature on
tempo 8 September 2022 dengan tingkat September 8, 2022 with fixed interest rate
bunga tetap sebesar 8,50% per tahun of 8.50% per annum which is payable on
yang terhutang setiap triwulan (Pada a quarterly basis (the Company has
tahun 2022, Perusahaan telah melunasi repaid the Bonds in 2022).
Obligasi tersebut).
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Page 507
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. Obligasi Seri C sebesar Rp15.000 pada 3. Series C Bonds amounting to Rp15,000
tanggal 8 September 2020 dan jatuh on September 8, 2020 and mature on
tempo 8 September 2023 dengan tingkat September 8, 2023 with fixed interest rate
bunga tetap sebesar 9,00% per tahun of 9.00% per annum which is payable on
yang terhutang setiap triwulan (Pada a quarterly basis (the Company has
tahun 2023, Perusahaan telah melunasi repaid the Bonds in 2023).
Obligasi tersebut).
b. Pada tanggal 2 Oktober 2020, sesuai dengan b. On October 2, 2020, based on Notarial Deed
Akta No. 3 dari Aulia Taufani, S.H., notaris di No. 3 of Aulia Taufani, S.H., notary in Jakarta,
Jakarta, Perusahaan menerbitkan Obligasi the Company issued Sinar Mas Multiartha
Berkelanjutan I Sinar Mas Multiartha Tahap II Continuing Bond I Phase II Year 2020.
Tahun 2020.
Penarikan Tahap II Tahun 2020 sebesar The Phase II Year 2020 withdrawal amounting
Rp875.000 diterbitkan dalam 2 seri penarikan to Rp875,000 is issued in 2 series as follows:
yaitu:
1. Obligasi Seri A sebesar Rp1.000 pada 1. Series A Bonds amounting to Rp1,000 on
tanggal 11 November 2020 dan jatuh November 11, 2020 and matures on
tempo 11 November 2023 dengan tingkat November 11, 2023 with fixed interest rate
bunga tetap sebesar 9,00% per tahun of 9.00% per annum which is payable on a
yang terhutang setiap triwulan (Pada quarterly basis (the Company has repaid
tahun 2023, Perusahaan telah melunasi the Bonds in 2023).
Obligasi tersebut).
2. Obligasi Seri B sebesar Rp874.000 pada 2. Series B Bonds amounting to Rp874,000
tanggal 11 November 2020 dan jatuh on November 11, 2020 and matures on
tempo 11 November 2025 dengan tingkat November 11, 2025 with fixed interest rate
bunga tetap sebesar 10,25% per tahun of 10.25% per annum which is payable on
yang terhutang setiap triwulan. (Pada a quarterly basis. (the Company has repaid
tahun 2025, Perusahaan telah melunasi the Bonds in 2025)
Obligasi tersebut).
c. Pada tanggal 27 Agustus 2021, Perusahaan c. On August 27, 2021, the Company obtained
memperoleh Pernyataan Efektif dari Kepala an Effective Statement from the Chairman of
Eksekutif Pengawas Pasar Modal Otoritas the Capital Market Supervision of the Financial
Jasa Keuangan (OJK) melalui suratnya Services Authority in his Letter No. S-
No. S-146/D.04/2021 untuk melaksanakan 146/D.04/2021 to carry out the Public Offering
Penawaran Umum Berkelanjutan II Obligasi of Sinar Mas Multiartha Continuing Bond II
Sinar Mas Multiartha Tahun 2021 dengan Year 2021 with maximum principal amount of
jumlah pokok obligasi sebanyak-banyaknya Rp5,000,000. PT Bank Bukopin Tbk acted as
Rp5.000.000. Dimana PT Bank Bukopin Tbk the trustee.
bertindak sebagai wali amanat.
Penarikan Tahap I Tahun 2021 sebesar The Phase I Year 2021 withdrawal amounting
Rp705.700 diterbitkan dalam 3 seri dengan to Rp705,700 is issued in 3 series as follows:
ketentuan sebagai berikut :
1. Obligasi Seri A sebesar Rp507.000 pada 1. Series A Bonds amounting to Rp507,000
tanggal 7 September 2021 dan jatuh on September 7, 2021 and matures on
tempo 17 September 2022 dengan tingkat September 17, 2022 with fixed interest
bunga tetap sebesar 6,75% per tahun rate 6.75% per annum which is payable
yang terhutang setiap triwulan (Pada on a quarterly basis (the Company has
tahun 2022, Perusahaan telah melunasi repaid the Bonds in 2022).
Obligasi tersebut).
- 136 -
Page 508
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. Obligasi Seri B sebesar Rp79.700 pada 2. Series B Bonds amounting to Rp79,700
tanggal 7 September 2021 dan jatuh on September 7, 2021 and matures on
tempo 7 September 2023 dengan tingkat September 7, 2023 with fixed interest rate
bunga tetap sebesar 8,00% per tahun 8.00% per annum which is payable on a
yang terhutang setiap triwulan (Pada quarterly basis (the Company has repaid
tahun 2023, Perusahaan telah melunasi the Bonds in 2023).
Obligasi tersebut).
3. Obligasi Seri C sebesar Rp119.000 pada 3. Series C Bonds amounting to Rp119,000
tanggal 7 September 2021 dan jatuh on September 7, 2021 and matures on
tempo 7 September 2024 dengan tingkat September 7, 2024 with fixed interest rate
bunga tetap sebesar 8,75% per tahun 8.75% per annum which is payable on a
yang terhutang setiap triwulan (Pada quarterly basis (the Company has repaid
tahun 2024, Perusahaan telah melunasi the Bonds in 2024).
Obligasi tersebut).
Berdasarkan Surat PT Kredit Rating Indonesia Based on the letter of PT Kredit Rating
No. RC-006/KRI-DIR/VI/2021 tanggal Indonesia No. RC-006/KRI-DIR/VI/2021 dated
2 Juni 2021, Obligasi Berkelanjutan II June 2, 2021, the Company’s Sinar Mas
Sinar Mas Multiartha Tahun 2021 Perusahaan Multiartha Continuing Bonds II Year 2021
memperoleh peringkat irAA (Double A). received an irAA (Double A) rating.
Pada tanggal 2 Agustus 2022, sesuai dengan On August 2, 2022, according to Deed No. 3
Akta No. 3 dari Aulia Taufani, S.H., notaris di from Aulia Taufani, S.H., notary in Jakarta, the
Jakarta, Perusahaan menerbitkan Obligasi Company issued Sinar Mas Multiartha
Berkelanjutan II Sinar Mas Multiartha Tahap II Continuing Bonds II Phase II Year 2022.
Tahun 2022.
Penarikan Tahap II Tahun 2022 sebesar The Phase II Year 2022 withdrawal amounting
Rp1.849.581 yang diterbitkan dalam 4 seri to Rp1,849,581 is issued in 4 series with the
dengan ketentuan sebagai berikut: following conditions:
a. Obligasi Seri A sebesar Rp429.350 pada a. Series A Bonds amounting to Rp429,350
tanggal 26 Agustus 2022 dan jatuh tempo on August 26, 2022 and due September
6 September 2023 dengan tingkat bunga 6, 2023 with a fixed interest rate of 6.75%
tetap sebesar 6,75% per tahun yang per annum which is payable on a quarterly
terhutang setiap triwulan (Pada tahun basis (the Company has repaid the Bonds
2023, Perusahaan telah melunasi Obligasi in 2023).
tersebut).
b. Obligasi Seri B sebesar Rp13.100 pada b. Series B Bonds amounting to Rp13,100
tanggal 26 Agustus 2022 dan jatuh tempo on August 26, 2022 and due on
26 Agustus 2024 dengan tingkat bunga August 26, 2024 with a fixed interest rate
tetap sebesar 8,00% per tahun yang of 8.00% per annum which is payable on
terhutang setiap triwulan (Pada tahun a quarterly basis (the Company has
2024, Perusahaan telah melunasi Obligasi repaid the Bonds in 2024).
tersebut).
c. Obligasi Seri C sebesar Rp305.131 pada c. Series C Bonds amounting to Rp305,131
tanggal 26 Agustus 2022 dan jatuh tempo on August 26, 2022 and maturity on
26 Agustus 2025 dengan tingkat bunga August 26, 2025 with a fixed interest rate
tetap sebesar 9,00% per tahun yang of 9.00% per annum which is payable on
terhutang setiap triwulan. (Pada tahun a quarterly basis. (the Company has
2025, Perusahaan telah melunasi Obligasi repaid the Bonds in 2025).
tersebut).
- 137 -
Page 509
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
d. Obligasi Seri D sebesar Rp1.102.000 d. Series D Bonds amounting to
pada tanggal 26 Agustus 2022 dan jatuh Rp1,102,000 on August 26, 2022 and
tempo 26 Agustus 2027 dengan tingkat matures
bunga tetap sebesar 9,75% per tahun August 26, 2027 with a fixed interest rate
yang terhutang setiap triwulan. of 9.75% per annum which is payable on
a quarterly basis.
Berdasarkan surat PT Kredit Rating Based on PT Kredit Rating Indonesia's letter
Indonesia No. RTG-001/KRI-DIR/VII/2022 No. RTG-001/KRI-DIR/VII/2022 dated
tanggal 14 Juli 2022 yang juga merupakan July 14, 2022 which is also part of letter No.
bagian dari surat No. RC-004/KRI- RC-004/KRI-DIR/VI/2022 dated June 24,
DIR/VI/2022 tanggal 24 Juni 2022, 2022, the Company's Sinar Mas Multiartha
Obligasi Berkelanjutan II Sinar Mas Continuing Bonds II Year 2022 received an
Multiartha Tahun 2022 Perusahaan irAA (Double A) rating.
memperoleh peringkat irAA (Double A).
Pada tanggal 16 September 2022, sesuai On September 16, 2022, according to Deed
dengan Akta No. 29 dari Aulia Taufani, No. 29 of Aulia Taufani, S.H., notary in
S.H., notaris di Jakarta, Perusahaan Jakarta, the Company issued Sinar Mas
menerbitkan Obligasi Berkelanjutan II Multiartha Continuing Bonds II Phase III Year
Sinar Mas Multiartha Tahap III Tahun 2022.
2022.
Penarikan Tahap III Tahun 2022 sebesar The Phase III Year 2022 withdrawal amounting
Rp1.660.000 yang diterbitkan dalam 2 seri to Rp1,660,000 is issued in
dengan ketentuan sebagai berikut: 2 series with the following conditions:
a. Obligasi Seri A sebesar Rp580.000 a. Series A Bonds amounting to Rp580,000
pada tanggal 4 Oktober 2022 dan on October 4, 2022 and falls due on
jatuh tempo 4 Oktober 2027 dengan October 4, 2027 with a fixed interest rate
tingkat bunga tetap sebesar 9,75% of 9.75% per annum which is payable on
per tahun yang terhutang setiap a quarter basis.
triwulan.
b. Obligasi Seri B sebesar Rp1.080.000 b. Series B Bonds amounting to
pada tanggal 4 Oktober 2022 dan Rp1,080,000 on October 4, 2022 and falls
jatuh tempo 4 Oktober 2032 dengan due on October 4, 2032 with a fixed
tingkat bunga tetap sebesar 10,50% interest rate of 10.50%% per annum
per tahun yang terhutang setiap which is payable on a quarter basis.
triwulan.
Berdasarkan surat PT Kredit Rating Based on PT Kredit Rating Indonesia's letter
Indonesia No. RTG-001/KRI-DIR/IX/2022 No. RTG-001/KRI-DIR/IX/2022 dated
tanggal 8 September 2022 yang juga September 8, 2022 which is also part of letter
merupakan bagian dari surat No. RC- No. RC-004/KRI-DIR/VI/2022 dated
004/KRI-DIR/VI/2022 tanggal 24 Juni June 24, 2022, Sinar Mas Multiartha
2022, Obligasi Berkelanjutan II Sinar Mas Continuing Bonds II Year 2021 received an
Multiartha Tahun 2021 Perusahaan irAA (Double A) rating.
memperoleh peringkat irAA (Double A).
Pada tanggal 15 Februari 2023, sesuai On February 15, 2023, according to Deed
dengan Akta No. 29 dari Aulia Taufani, No. 29 of Aulia Taufani, S.H., notary in
S.H., notaris di Jakarta, Perusahaan Jakarta, the Company issued Sinar Mas
menerbitkan Obligasi Berkelanjutan II Multiartha Continuing Bonds II Phase IV Year
Sinar Mas Multiartha Tahap IV Tahun 2023.
2023.
Penarikan Tahap IV Tahun 2023 sebesar The Phase IV Year 2023 withdrawal
Rp784.719 yang diterbitkan pada tanggal amounting to Rp784,719 which was issued on
7 Maret 2023 dan jatuh tempo 7 Maret March 7, 2023 and mature on March 7, 2033
2033 dengan tingkat bunga tetap sebesar with a fixed interest rate of 10.50% per annum
10,50% per tahun yang terhutang setiap which is payable on a quarter’s basis.
triwulan.
- 138 -
Page 510
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Berdasarkan Surat PT Kredit Rating Based on PT Kredit Rating Indonesia's letter
Indonesia No. RTG-001/KRI-DIR/I/2023 No. RTG-001/KRI-DIR/I/2023 dated
tanggal 25 Januari 2023 yang juga January 25, 2023 which is also part of letter
merupakan bagian dari surat No. RC-004/KRI-DIR/VI/2022 dated
No. RC-004/KRI-DIR/VI/2022 tanggal June 24, 2022, the Company's Sinar Mas
24 Juni 2022, Obligasi Berkelanjutan II Multiartha Continuing Bonds II Year 2021
Sinar Mas Multiartha Tahun 2021 received an irAA (Double A) rating.
Perusahaan memperoleh peringkat irAA
(Double A).
Pada tanggal 26 Maret 2024, sesuai dengan Akta On March 26, 2024, according to Deed No. 39 of
No. 39 dari Aulia Taufani, S.H., notaris di Jakarta, Aulia Taufani, S.H., notary in Jakarta, the Company
Perusahaan menerbitkan Obligasi Berkelanjutan III issued Sinar Mas Multiartha Continuing Bonds III
Sinar Mas Multiartha Tahap I Tahun 2024. Phase I Year 2024.
a. Penarikan Tahap I Tahun 2024 sebesar a. The Phaseb. I Year 2024 withdrawal amounting
Rp1.500.000 yang diterbitkan pada tanggal to Rp1,500,000 which was issued on April 5,
5 April 2024 dan jatuh tempo 5 April 2029 2024 and mature on April 5, 2029 with a fixed
dengan tingkat bunga tetap sebesar 10,00% interest rate of 10.00% per annum which is
per tahun yang terhutang setiap triwulan. payable on a quarter’s basis.
Berdasarkan Surat PT Kredit Rating Indonesia Based on PT Kredit Rating Indonesia's letter
No. RC-001/KRI-DIR/I/2024 tanggal No. RC-001/KRI-DIR/I/2024 dated
2 Januari 2024, Obligasi Berkelanjutan III Sinar January 2, 2024, the Company's Sinar Mas
Mas Multiartha Tahap I Tahun 2024 Multiartha Continuing Bonds III Phase I Year
Perusahaan memperoleh peringkat irAA 2024 received an irAA (Double A) rating.
(Double A).
Pada tanggal 2 Agustus 2022, sesuai dengan On August 2, 2022, according to Deed No. 3 of
Akta No. 3 dari Aulia Taufani, S.H., notaris di Aulia Taufani, S.H., notary in Jakarta, the
Jakarta, Perusahaan menerbitkan Obligasi Company issued Sinar Mas Multiartha
Berkelanjutan III Sinar Mas Multiartha Tahap II Continuing Bonds III Phase II Year 2025.
Tahun 2025.
Penarikan Tahap II Tahun 2025 sebesar The Phase II Year 2025 withdrawal amounting
Rp800.000 yang diterbitkan dalam 3 seri to Rp800,000 is issued in 3 series with the
dengan ketentuan sebagai berikut: following conditions:
a. Obligasi Seri A sebesar 100.000 pada a. Series A Bonds amounting to Rp100,000
tanggal 17 Januari 2025 dan jatuh tempo on January 17, 2025 and mature on
27 Januari 2026 dengan tingkat bunga January 27, 2026 with a fixed interest rate
tetap sebesar 7,00% per tahun yang of 7.00% per annum which is payable on
terhutang setiap triwulan (Pada tahun a quarter basis (the Company has repaid
2026, Perusahaan telah melunasi Obligasi the Bonds in 2026).
tersebut).
b. Obligasi Seri B sebesar Rp500.000 pada b. Series B Bonds amounting to Rp500,000
tanggal 17 Januari 2025 dan jatuh tempo on January 17, 2025 and mature on
17 Januari 2028 dengan tingkat bunga January 17, 2028 with a fixed interest
tetap sebesar 8,25% per tahun yang rate of 8.25% per annum which is
terhutang setiap triwulan. payable on a quarter basis.
c. Obligasi Seri C sebesar Rp200.000 pada c. Series C Bonds amounting to Rp200,000
tanggal 17 Januari 2025 dan jatuh tempo on January 17, 2025 and mature on
17 Januari 2030 dengan tingkat bunga January 17, 2030 with a fixed interest
tetap sebesar 9,00% per tahun yang rate of 9.00% per annum which is
terhutang setiap triwulan. payable on a quarter basis.
Berdasarkan surat PT Kredit Rating Indonesia Based on PT Kredit Rating Indonesia's letter
No. RTG-001/KRI-DIR/XII/2024 tanggal No. RTG-001/KRI-DIR/XII/2024 dated
16 Desember 2024 yang juga merupakan December 16, 2024 which is also part of letter
bagian dari surat No. RC-004/KRI- No. RC-004/KRI-DIR/XII/2024 dated
DIR/XII/2024 tanggal 16 Desember 2024, December 16, 2024, the Company's Sinar Mas
Obligasi Berkelanjutan III Sinar Mas Multiartha Multiartha Continuing Bonds III Phase II Year
Tahap II Tahun 2025 Perusahaan memperoleh 2025 received an irAA (Double A) rating.
peringkat irAA (Double A).
- 139 -
Page 511
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Pada tanggal 31 Juli 2025, sesuai dengan On July 31, 2025, according to Deed No. 42 of
Akta No. 42 dari Aulia Taufani, S.H., notaris di Aulia Taufani, S.H., notary in Jakarta, the
Jakarta, Perusahaan menerbitkan Obligasi Company issued Sinar Mas Multiartha
Berkelanjutan III Sinar Mas Multiartha Tahap Continuing Bonds III Phase III Year 2025.
III Tahun 2025.
Penarikan Tahap III Tahun 2025 sebesar The Phase III drawdown in 2025 amounting to
Rp300.000 yang diterbitkan pada tanggal Rp300,000 was issued on August 21, 2025
21 Agustus 2025 dan akan jatuh tempo pada and will mature on August 21, 2030, bearing a
tanggal 21 Agustus 2030, dengan tingkat fixed interest rate of 8.50% per annum,
bunga tetap sebesar 8,50% per tahun yang payable quarterly.
dibayarkan setiap triwulan.
Berdasarkan surat PT Kredit Rating Indonesia Based on PT Kredit Rating Indonesia letter No.
No. RTG-002/KRI-DIR/VI/2025 tanggal RTG-002/KRI-DIR/VI/2025 dated
24 Juni 2025, Obligasi Berkelanjutan III Sinar June 24, 2025, the Company's Sinar Mas
Mas Multiartha Tahap III Tahun 2025 Multiartha Continuing Bonds III Phase III Year
Perusahaan memperoleh peringkat irAA 2025 received an irAA (Double A) rating.
(Double A).
Penarikan Tahap IV Tahun 2025 sebesar The Phase IV Year 2025 withdrawal
Rp1.050.000 yang diterbitkan pada tanggal amounting to Rp1,050,000 which was issued
23 Oktober 2025 dan jatuh tempo on
23 Oktober 2030 dengan tingkat bunga tetap October 23, 2025 and mature on
sebesar 8,00% per tahun yang terhutang October 23, 2030 with a fixed interest rate of
setiap triwulan. 8.00% per annum which is payable on a
quarter basis.
Berdasarkan surat PT Kredit Rating Indonesia Based on PT Kredit Rating Indonesia's letter
No. RTG-001/KRI-DIR/IX/2025 tanggal No. RTG-001/KRI-DIR/IX/2025 dated
16 September 2025 yang juga merupakan September 16, 2025 which is also part of letter
bagian dari surat No. RC-004/KRI- No. RC-004/KRI-DIR/XII/2024 dated
DIR/XII/2024 tanggal 16 Desember 2024, December 16, 2024, the Company's Sinar Mas
Obligasi Berkelanjutan III Sinar Mas Multiartha Multiartha Continuing Bonds III Year 2025
Tahun 2025 Perusahaan memperoleh received an irAA (Double A) rating.
peringkat irAA (Double A).
Seluruh obligasi Perusahaan dijual pada nilai All of the Company's bonds are sold at nominal
nominal dan tercatat di Bursa Efek Indonesia. value and are listed on the Indonesia Stock
Dana yang diperoleh dari utang obligasi Exchange. Funds obtained from the
Perusahaan digunakan untuk modal kerja Company's bonds issued are used for working
Perusahaan dan entitas anak, dan capital of the Company and its subsidiaries,
peningkatan pernyertaan saham pada entitas and for increasing equity participation in
anak. Perusahaan tidak menyelenggarakan subsidiaries. The Company does not maintain
pencadangan dana untuk seluruh utang a reserve fund for all of the Company's bonds
obligasi Perusahaan. Seluruh utang obligasi issued. All of the Company's bonds issued are
Perusahaan tidak dijamin. unsecured.
Utang obligasi Perusahaan mencakup The Company's bonds payable include
persyaratan yang membatasi hak Perusahaan requirements that limit the Company's rights
tanpa persetujuan tertulis dari wali amanat, without written approval from the trustee, will
tidak akan melakukan hal-hal seperti membuat not do things such as obtaining new loans to
pinjaman baru kepada kreditur lain dan/atau other creditors and/or pledging the Company's
mengagunkan harta kekayaan Perusahaan assets to other parties resulting in the financial
kepada pihak lain yang mengakibatkan rasio ratios as stipulated in the Trustee Agreement
keuangan sebagaimana diatur dalam not being fulfilled by the Company and insofar
Perjanjian Perwaliamanatan tidak dapat as it is related to the Company's business
dipenuhi oleh Perusahaan dan sepanjang activities.
sehubungan dengan kegiatan usaha
Perusahaan.
- 140 -
Page 512
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
SMF SMF
Pada tanggal 13 Januari 2020, sesuai dengan On January 13, 2020, based on Deed No. 13
Akta No. 13 dari Leolin Jayayanti, SH., M.Kn, from Leolin Jayayanti, S.H., M.Kn, notary in
notaris di Jakarta, SMF menerbitkan Obligasi Jakarta, SMF issued Sinar Mas Multifinance
Berkelanjutan I Sinar Mas Multifinance Tahap Continuing Bonds I Phase IV Year 2020.
IV Tahun 2020.
Penarikan Tahap IV Tahun 2020 sebesar The Phase IV Year 2020 withdrawal
Rp400.000 yang diterbitkan dalam 2 seri amounting to Rp400,000 is issued in 2 series
dengan ketentuan sebagai berikut: with the following conditions:
1. Obligasi Seri A sebesar Rp150.000 pada 1. Series A Bonds of Rp150,000 on
tanggal 12 Februari 2020 dan jatuh tempo February 12, 2020 and mature on
12 Februari 2021 dengan tingkat bunga February 12, 2021 with a fixed interest
tetap sebesar 9,50% per tahun yang rate of 9.50% per annum which is payable
terhutang setiap triwulan (Pada tahun on a quarterly basis (SMF has repaid the
2021, SMF telah melunasi Obligasi Bonds in 2021).
tersebut).
2. Obligasi Seri B sebesar Rp250.000 pada 2. Series B Bonds amounting to Rp250,000
tanggal 12 Februari 2020 dan jatuh tempo on February 12, 2020 and mature on
12 Februari 2023 dengan tingkat bunga February 12, 2023 with a fixed interest
tetap sebesar 10,50% per tahun yang rate of 10.50% per annum which is
terhutang setiap triwulan (Pada tahun payable on a quarterly basis (SMF has
2023, SMF telah melunasi Obligasi repaid the Bonds in 2023).
tersebut).
Berdasarkan surat PT Kredit Rating Indonesia Based on PT Kredit Rating Indonesia’s Letter
No. RTG-012/KRI-DIR/VI/2021 tanggal 14 Juni No. RTG-012/KR-DIR/VI/2021, dated on
2021, Obligasi Berkelanjutan II Sinar Mas June 14, 2021 Sinar Mas Multifinance
Multifinance memperoleh peringkat irA+ Continuing Bond II received an irA+ (Single A
(Single A plus). plus).
b. Pada tanggal 13 Juli 2020 SMF b. On July 13, 2020, SMF obtained an
memperoleh Pernyataan Efektif dari Effective Statement from the Chairman of
Kepala Eksekutif Pengawas Pasar Modal the Capital Market Financial Services
Otoritas Jasa Keuangan (OJK) melalui Authority in his Letter No. S-
suratnya No. S-189/D.04/2020 untuk 189/D.04/2020 for Public Offering of Sinar
melaksanakan Penawaran Umum Mas Multifinance Countinuing Bond II
Berkelanjutan II Obligasi Sinar Mas Year 2020 with maximum principal
Multifinance Tahun 2020 dengan jumlah amount of Rp2,000,000. PT Bank KB
pokok obligasi sebanyak-banyaknya Indonesia Tbk acted as the trustee.
Rp2.000.000. PT Bank KB Indonesia Tbk
bertindak sebagai wali amanat.
Obligasi ini dijamin dengan piutang SMF These bonds are secured by SMF’s
berupa piutang pembiayaan multiguna multipurpose financing receivables (Note
(Catatan 7) dan piutang pembiayaan 7) and working capital financing with
modal kerja skema anjak piutang factoring scheme receivables (Note 9).
(Catatan 9).
Penarikan Tahap I Tahun 2020 sebesar The Phase I Year 2020 withdrawal
Rp708.300 yang diterbitkan dalam 2 seri amounting to Rp708,300 is issued in 2
dengan ketentuan sebagai berikut: series with the following conditions:
1. Obligasi Seri A sebesar Rp207.300 1. Series A Bonds amounting to
pada tanggal 17 Juli 2020 dan jatuh Rp207,300 on July 17, 2020 and
tempo 17 Juli 2021 dengan tingkat mature on July 17, 2021 with fixed
bunga tetap sebesar 9,75% per tahun interest rate of 9.75% per annum
yang terhutang setiap triwulan (Pada which is payable on a quarterly basis
tahun 2021, SMF telah melunasi (SMF has repaid the Bonds in 2021).
Obligasi tersebut).
2. Obligasi Seri B sebesar Rp501.000 2. Series B Bonds amounting to
pada tanggal 17 Juli 2020 dan jatuh Rp501,000 on July 17, 2020 and
tempo 17 Juli 2025 dengan tingkat mature on July 17, 2025 with fixed
bunga tetap sebesar 11,50% per interest rate of 11.50% per annum
tahun yang terhutang setiap triwulan. which is payable on a quarterly basis.
- 141 -
Page 513
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Penarikan Tahap II Tahun 2021 sebesar The Phase II Year 2021 withdrawal
Rp732.500 yang diterbitkan dalam 3 seri amounting to Rp732,500 is issued in 3
dengan ketentuan sebagai berikut: series with the following conditions:
1. Obligasi Seri A sebesar Rp348.000 1. Series A Bonds amounting to
pada tanggal 11 Februari 2021 dan Rp348,000 on February 11, 2021 and
jatuh tempo 21 Februari 2022 dengan mature on February 21, 2022 with
tingkat bunga tetap sebesar 9,75% fixed interest rate of 9.75% per
per tahun yang terhutang setiap annum which is payable on a
triwulan (Pada tahun 2022, SMF telah quarterly basis (SMF has repaid the
melunasi Obligasi tersebut). Bonds in 2022).
2. Obligasi Seri B sebesar Rp333.500 2. Series B Bonds amounting to
pada tanggal 11 Februari 2021 dan Rp333,500 on February 11, 2021 and
jatuh tempo 11 Februari 2024 dengan mature on February 11, 2024 with
tingkat bunga tetap sebesar 10,50% fixed interest rate of 10.50% per
per tahun yang terhutang setiap annum which is payable on a
triwulan (Pada tahun 2024, SMF telah quarterly basis (SMF has repaid the
melunasi Obligasi tersebut). Bonds in 2024).
3. Obligasi Seri C sebesar Rp51.000 3. Series C Bonds amounting to
pada tanggal 11 Februari 2021 dan Rp51,000 on February 11, 2021 and
jatuh tempo 11 Februari 2026 dengan mature on February 11, 2026 with
tingkat bunga tetap sebesar 11,50% fixed interest rate of 11.50% per
per tahun yang terhutang setiap annum which is payable on a
triwulan (Pada tahun 2026, SMF telah quarterly basis (SMF has repaid the
melunasi Obligasi tersebut). Bonds in 2026).
Penarikan Tahap III Tahun 2022 sebesar The Phase III Year 2022 withdrawal
Rp559.200 yang diterbitkan dalam 3 seri amounting to Rp559,200 is issued in 3
dengan ketentuan sebagai berikut: series with the following conditions:
1. Obligasi Seri A sebesar Rp317.700 1. Series A Bonds amounting to
pada tanggal 8 Februari 2022 dan Rp317,700 on February 8, 2022 and
jatuh tempo 18 Februari 2023 dengan mature on February 18, 2023 with
tingkat bunga tetap sebesar 7,75% fixed interest rate of 7.75% per
per tahun yang terhutang setiap annum which is payable on a
triwulan (Pada tahun 2023, SMF telah quarterly basis (SMF has repaid the
melunasi Obligasi tersebut). Bonds in 2023).
2. Obligasi Seri B sebesar Rp232.500 2. Series B Bonds amounting to
pada tanggal 8 Februari 2022 dan Rp232,500 on February 8, 2022 and
jatuh tempo 8 Februari 2025 dengan mature on February 8, 2025 with
tingkat bunga tetap sebesar 9,00% fixed interest rate of 9.00% per
per tahun yang terhutang setiap annum which is payable on a
triwulan (Pada Februari 2025, SMF quarterly basis (SMF has repaid the
telah melunasi Obligasi tersebut). Bonds in February 2025).
3. Obligasi Seri C sebesar Rp9.000 3. Series C Bonds amounting to
pada tanggal 8 Februari 2022 dan Rp9,000 on February 8, 2022 and
jatuh tempo 8 Februari 2027 dengan mature on February 8, 2027 with
tingkat bunga tetap sebesar 10,50% fixed interest rate of 10.50% per
per tahun yang terhutang setiap annum which is payable on a
triwulan. quarterly basis.
Berdasarkan surat PT Fitch Ratings Indonesia Based on PT Fitch Ratings Indonesia’s Letter
No. 031/DIR/RATLTR/III/2022 tanggal No. 031/DIR/RATLTR/III/2022, dated on
1 Maret 2022, Obligasi Berkelanjutan I Sinar March 1, 2022, Sinar Mas Multifinance
Mas Multifinance memperoleh peringkat [Idn] Continuing Bond I received an [Idn] BBB+
BBB+ (BBB plus). (BBB plus) rating.
- 142 -
Page 514
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
c. Pada tanggal 31 Januari 2023, SMF c. On January 31, 2023, SMF obtained an
memperoleh Pernyataan Efektif dari Effective Statement from the Chairman of
Kepala Eksekutif Pengawas Pasar Modal the Capital Market Supervision of the
Otoritas Jasa Keuangan (OJK) melalui Financial Services Authority in his Letter
suratnya No. S35/D.04/2023 untuk No. S35/D.04/2023 for Public Offering of
melaksanakan Penawaran Umum Sinar Mas Multifinance Continuing Bond
Berkelanjutan III Obligasi Sinar Mas III Year 2023 with maximum principal
Multifinance Tahun 2023 dengan jumlah amount of Rp2,000,000. PT Bank KB
pokok obligasi sebanyak-banyaknya Bukopin Tbk acted as the trustee.
Rp2.000.000. PT Bank KB Bukopin Tbk
bertindak sebagai wali amanat.
Obligasi ini dijamin dengan piutang SMF These bonds are secured by SMF’s
berupa piutang pembiayaan multiguna multipurpose financing receivables
(Catatan 7) dan piutang pembiayaan (Note 7) and working capital financing
modal kerja (Catatan 9). (Note 9).
Penarikan Tahap I Tahun 2023 sebesar The Phase I Year 2023 withdrawal
Rp1.000.000. yang diterbitkan dalam 3 amounting to Rp1,000,000 is issued in 3
seri dengan ketentuan sebagai berikut: series with the following conditions:
1. Obligasi Seri A sebesar Rp42.700 1. Series A Bonds amounting to
pada tanggal 7 Februari 2023 dan Rp42,700 on February 7, 2023 and
jatuh tempo 17 Juli 2024 dengan mature on July 17, 2024 with fixed
tingkat bunga tetap sebesar 7,50% interest rate of 7.50% per annum
per tahun yang terhutang setiap which is payable on a quarterly basis
triwulan (Pada tahun 2024, SMF telah (SMF has repaid the Bonds in 2024).
melunasi Obligasi tersebut).
2. Obligasi Seri B sebesar Rp851.850 2. Series B Bonds amounting to
pada tanggal 7 Februari 2023 dan Rp851,850 on February 7, 2023 and
jatuh tempo 7 Februari 2026 dengan mature on February 7, 2026 with
tingkat bunga tetap sebesar 10,25% fixed interest rate of 10.25% per
per tahun yang terhutang setiap annum which is payable on a
triwulan. quarterly basis.
3. Obligasi Seri C sebesar Rp105.450 3. Series C Bonds amounting to
pada tanggal 7 Februari 2023 dan Rp105,450 on February 7, 2023 and
jatuh tempo 7 Februari 2028 dengan mature on February 7, 2028 with
tingkat bunga tetap sebesar 10,75% fixed interest rate of 10.75% per
per tahun yang terhutang setiap annum which is payable on a
triwulan. quarterly basis.
Penarikan Tahap II Tahun 2023 sebesar Withdrawal of Phase II Year 2023
Rp1.000.000 yang diterbitkan dalam 2 seri amounting to Rp1,000,000 issued in 2
dengan ketentuan sebagai berikut: series with the following conditions:
1. Obligasi Seri A sebesar Rp575.000 1. Series A Bonds amounting to
pada tanggal 11 Oktober 2023 dan Rp575,000 on October 11, 2023 and
jatuh tempo 11 Oktober 2026 dengan mature on October, 2026 with fixed
tingkat bunga tetap sebesar 10,00% interest rate of 10.00% per annum
per tahun yang terhutang setiap which is payable on a quarterly basis.
triwulan.
2. Obligasi Seri B sebesar Rp425.000 2. Series B Bonds amounting to
pada tanggal 11 Oktober 2023 dan Rp425,000 on October 11, 2023 and
jatuh tempo 11 Oktober 2028 dengan mature on October, 2028 with fixed
tingkat bunga tetap sebesar 10,50% interest rate of 10.50% per annum
per tahun yang terhutang setiap which is payable on a quarterly basis.
triwulan.
- 143 -
Page 515
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Seluruh obligasi SMF dijual pada nilai nominal All the SMF’s bonds were sold at its nominal
dan tercatat di Bursa Efek Indonesia. Dana value and are listed at the Indonesian Stock
yang diperoleh dari utang obligasi SMF Exchange. The proceeds of the SMF’s bonds
digunakan untuk modal kerja, investasi dan payable is used for working capital, investment
multiguna. SMF tidak menyelenggarakan and multipurposes. SMF is not required to put
pencadangan dana untuk seluruh utang up a sinking fund for all the SMF’s bonds
obligasi SMF. Seluruh utang obligasi SMF payable. All of the Company’s bonds payable
dijamin dengan piutang pembiayaan. Namun are fiduciary secured by financing receivables.
jika hasil pemeringkatan lebih rendah dari A- However, if the rating result is lower than A-
(single A minus), maka SMF wajib (single A minus), then the SMF is required to
menyisihkan dana yang sama nilainya dengan set aside funds equal in value to interest for
bunga untuk satu periode (triwulan) yang one period (quarterly) which is placed in the
ditempatkan dalam bentuk deposito pada bank form of deposits at a bank determined by the
yang ditentukan oleh Wali Amanat dan SMF Trustee and SMF no later than 14 (fourteen)
paling lambat 14 (empat belas) Hari Kalender Calendar Days after the issuance of the rating
setelah keluarnya hasil pemeringkatan results and the deposit is blocked by the
tersebut dan deposito tersebut diblokir oleh Trustee.
Wali Amanat.
Berdasarkan surat PT Fitch Ratings Indonesia Based on letter No. 10/DIR/RATLTR/II/2024,
No. 10/DIR/RATLTR/II/2024 tanggal 1 Februari dated on February 1, 2024 of PT Fitch Ratings
2024, Obligasi Berkelanjutan I Sinar Mas Indonesia, SMF Bonds of Sinar Mas
Multifinance SMF memperoleh peringkat [Idn] Multifinance Continuing Bond I ranked [Idn]
BBB+ (BBB plus). BBB+ (BBB plus).
Berdasarkan surat PT Kredit Rating Indonesia Based on letter No. RC-002/KRI-DIR/V/2024,
No. RC-002/KRI-DIR/V/2024 tanggal dated on May 2, 2024 of PT Kredit Rating
2 Mei 2024, Obligasi Berkelanjutan III Sinar Indonesia the Company’s Sinar Mas
Mas Multifinance dan Peringkat atas Multifinance Continuing Bond III ranked irA+
Perusahaan memperoleh peringkat irA+ (Single A plus).
(Single A plus).
Utang obligasi SMF mencakup persyaratan The SMF’s bonds payable include
yang membatasi hak SMF tanpa persetujuan requirements that limit the SMF’s rights without
dari pemegang obligasi, antara lain melakukan prior approval from Bondholders, among
penggabungan atau peleburan atau others conduct mergers or consolidation or
pengambilalihan perusahaan lain, mengubah acquisition with other companies, to changes
kegiatan usaha, melakukan pembayaran business activity, payment to shareholders of
kepada pemegang saham SMF jika SMF lalai SMF if SMF negligence in paying the amount
dalam melakukan pembayaran jumlah owed, to provide loans to the affiliates or third
terutang, memberikan pinjaman kepada pihak parties except as stated in OJK’s regulation
berelasi atau pihak ketiga kecuali dilakukan No. 29/POJK.05/2014, transfer/ pledge the
sebagaimana yang tercantum dalam Peraturan SMF’s assets, to reduce capital stock and/or
OJK No. 29/POJK.05/2014, mengalihkan/ paid-up capital stock, issue bonds or other
menjaminkan harta SMF, mengurangi modal similar instruments. Besides, the SMF is
dasar dan/atau modal ditempatkan/disetor, required to maintain certain financial ratios as
melakukan pengeluaran obligasi atau follows:
instrumen lain yang sejenis. Disamping itu,
SMF diwajibkan untuk memelihara rasio
keuangan sebagai berikut:
• Rasio lancar minimal 1 kali. • Current ratio equal to but not lower than 1
time.
• Rasio utang terhadap ekuitas maksimal • Debt to equity ratio not more than 10
10 kali. times.
Pada tanggal 31 Desember 2025 dan 2024, As at December 31, 2025 and 2024, the ratio
rasio-rasio tersebut adalah sebagai berikut follows (unaudited):
(tidak diaudit):
- 144 -
Page 516
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2025 2024
Rasio lancar 3,20 3,22 Current ratio
Rasio utang terhadap ekuitas 2,89 4,49 Debt to equity
Pada tanggal 31 Desember 2025 dan 2024, As at December 31, 2025 and 2024, SMF has
SMF telah memenuhi seluruh kewajiban yang complied with all requirements as stated in the
dipersyaratkan dalam perjanjian utang bonds payable agreements.
obligasi.
SMF dapat membeli kembali (buy back) atau SMF can buy back or sell part or all of the
menjual Obligasi baik seluruhnya maupun Bonds issued in the market. Buyback can be
sebagian di pasar terbuka. Pembelian kembali made at any time after one (1) year, after the
dapat dilakukan setiap saat setelah 1 (satu) Date of Allotment as mentioned in the
tahun setelah Tanggal Penjatahan Prospectus.
sebagaimana disebutkan dalam Prospektus.
BS BS
Pada tanggal 29 Juni 2022, BS menerbitkan On June 29, 2022, BS issued Bank Sinarmas
Obligasi Subordinasi Berkelanjutan I Bank Phase I Year 2022 Subordinated Sustainable
Sinarmas Tahap I Tahun 2022 sebesar Bonds I of Rp500,000. This subordinated bond
Rp500.000. Obligasi subordinasi ini berjangka has a term of 5 years and will mature on
waktu 5 tahun yang akan jatuh tempo pada July 8, 2027. The interest rate is 6.50% per
tanggal 8 Juli 2027. Tingkat suku bunga annum which is payable on a quarterly basis
sebesar 6,50% per tahun yang terhutang
setiap triwulan.
Dana yang diperoleh dari hasil Penawaran The funds obtained from the proceeds from
Umum Berkelanjutan Obligasi Subordinasi the Public Offering of the Sustainable
Berkelanjutan I Bank Sinarmas Tahap I Tahun Subordinated Bonds I of Bank Sinarmas
2022 setelah dikurangi dengan biaya-biaya Phase I Year 2022 after deducting the related
emisi terkait, seluruhnya akan dipergunakan issuance costs, will all be used by BS to
oleh BS untuk memperkuat permodalan yang strengthen it’s capital which is calculated as
diperhitungkan sebagai modal pelengkap (Tier supplementary capital (Tier 2) in the context of
2) dalam rangka mendukung rencana support plans for extending loans with longer
penyaluran kredit dengan tenor yang lebih tenors.
panjang.
Pada Desember 2022, BS telah menggunakan In December 2022, BS has used all of the
seluruh dana hasil Penawaran Umum proceeds from the Public Offering of
Berkelanjutan Obligasi Subordinasi I untuk Subordinated Bonds I for long term lending.
penyaluran kredit dengan tenor panjang.
PT BPD Jawa Barat dan Banten Tbk bertindak PT BPD Jawa Barat dan Banten Tbk act as
sebagi Wali Amanat. the Trustee.
BS wajib mengupayakan tingkat kesehatan BS is required to strive for a minimum level of
Perusahaan minimal berada dalam peringkat soundness of the Company in a composite
komposit 3 (tiga) yang tergolong "Cukup Baik", rating of 3 (three) which is classified as "Fairly
sesuai penilaian internal berdasarkan Good", according to internal assessment
ketentuan Otoritas Jasa Keuangan. based on the provisions of the Financial
Services Authority.
Berdasarkan Surat PT Kredit Rating Indonesia Based on PT Kredit Rating Indonesia Letter
No. RC-003/KRI-DIR/III/2023 tanggal 24 Maret No. RC-003/KRI-DIR//III/2023 dated
2023, Obligasi Subordinasi Berkelanjutan I March 24, 2023, Bank Sinarmas Subordinated
Bank Sinarmas Tahap I Tahun 2022 Bonds I Phase I Year 2022 received an irA+
memperoleh peringkat irA+ (Single A Plus) (Single A Plus) rating for the period
untuk periode 24 Maret 2023 sampai dengan March 24, 2023 to April 1, 2024.
1 April 2024.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
28. Pinjaman yang Diterima 28. Loans Received
Pada tanggal 31 Desember 2025 dan 2024, As at December 31, 2025 and 2024, the loans
pinjaman yang diterima merupakan fasilitas kredit received are credit facilities received by SMF and
yang diterima oleh SMF dan ABSM yang diperoleh ABSM obtained from:
dari:
2025 2024
Pihak ketiga Third parties
PT Bank KB Indonesia Tbk 1.361.300 - PT Bank KB Indonesia Tbk
PT Bank China PT Bank China
Construction Bank Tbk 500.000 - Construction Bank Tbk
PT Bank Mega Tbk 129.861 272.083 PT Bank Mega Tbk
PT Bank Sahabat Sampoerna Tbk 123.446 162.637 PT Bank Sahabat Sampoerna Tbk
PT Bank Danamon Indonesia Tbk 100.000 109.722 PT Bank Danamon Indonesia Tbk
PT Bank Ganesha Tbk 100.000 80.000 PT Bank Ganesha Tbk
PT Bank Victoria International Tbk 94.004 115.000 PT Bank Victoria International Tbk
PT Bank Ina Perdana Tbk 43.859 PT Bank Ina Perdana Tbk
PT Bank Central Asia Tbk 33.333 133.333 PT Bank Central Asia Tbk
PT Bank J Trust Indonesia Tbk 13.566 48.032 PT Bank J Trust Indonesia Tbk
PT Bank Amar Indonesia Tbk 12.831 20.760 PT Bank Amar Indonesia Tbk
PT Bank Capital Indonesia Tbk - 200.000 PT Bank Capital Indonesia Tbk
PT Bank Pan Indonesia Tbk - 66.667 PT Bank Pan Indonesia Tbk
PT Bank Mayapada International Tbk - 50.000 PT Bank Mayapada International Tbk
PT Bank Neo Commerce Tbk - 2.778 PT Bank Neo Commerce Tbk
Jumlah 2.512.200 1.261.012 Total
Biaya transaksi yang belum diamortisasi (2.228) (3.660) Unamortized transaction cost.
Jumlah 2.509.972 1.257.352 Total
Suku bunga pertahun 5,5% - 11,00% 3,75% - 11,00% Interest rate per annum
PT Bank KB Indonesia Tbk PT Bank KB Indonesia Tbk
Pada tahun 2025, Perusahaan memperoleh 2 (dua) In 2025, the Company obtained 2 (two) loan
fasilitas pinjaman dari PT Bank KB Indonesia untuk facilities from PT Bank KB Indonesia for general
keperluan modal kerja. corporate purposes.
1. Fasilitas pertama diperoleh berdasarkan Akta 2. 1. The first facility was obtained based on Deed
No. 117 tanggal 25 Juni 2025 dan surat No. 117 dated June 25, 2025 and credit
persetujuan kredit No. 14627/CLB I/VI/2025, approval letter No. 14627/CLB I/VI/2025, in the
berupa term loan (revolving) dengan plafon form of a revolving term loan facility with a
sebesar Rp850.000. Fasilitas ini dikenakan maximum amount of Rp850,000. This facility
suku bunga tetap sebesar 6,825% sampai bears a fixed interest rate of 6.825% until full
dengan tanggal pelunasan, serta biaya provisi settlement, and is subject to a 3.7% provision
3,7% dan biaya administrasi 0,2% yang fee and 0.2% administrative fee, both paid
dibayarkan di muka. Pada tanggal upfront. As of December 31, 2025, the
31 Desember 2025, Perseroan telah Company had made a partial repayment of
melakukan pelunasan sebagian sebesar Rp150,000, resulting in an outstanding
Rp150.000, sehingga saldo pinjaman menjadi balance of Rp700,000.
Rp700.000.
2. Fasilitas kedua diperoleh berdasarkan Akta 3. 2. The second facility was obtained based on
No. 30 tanggal 25 Juli 2025 dan surat Deed No. 30 dated July 25, 2025 and credit
persetujuan kredit No. 17464/CLB I/VII/2025, approval letter No. 17464/CLB I/VII/2025, in
berupa term loan (revolving) dengan plafon the form of a revolving term loan facility with a
sebesar Rp700.000, yang telah digunakan maximum amount of Rp700,000, which had
seluruhnya. Fasilitas ini dikenakan suku bunga been fully utilized. This facility bears a fixed
tetap sebesar 6,825%, serta upfront fee 0,85% interest rate of 6.825%, and is subject to an
dan biaya administrasi 0,1% yang dibayarkan upfront fee of 0.85% and an administrative fee
di muka. of 0.1%, both paid upfront.
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Page 518
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Kedua fasilitas tersebut merupakan clean loan dan Both facilities are clean loans and uncommitted in
bersifat uncommitted. Pembayaran pokok nature. Principal is payable on a bullet payment
dilakukan secara bullet payment pada saat jatuh basis at maturity, while interest is payable monthly.
tempo, sedangkan bunga dibayarkan setiap bulan. The facilities will mature on June 25, 2035. Based
Fasilitas ini akan jatuh tempo pada 25 Juni 2035. on the loan agreements, the Company is required
Berdasarkan perjanjian pinjaman, Perseroan wajib to maintain certain financial ratios and comply with
menjaga rasio keuangan tertentu dan memenuhi other administrative obligations as stipulated in the
kewajiban administratif lainnya sebagaimana diatur loan agreements. The loans are recorded as bank
dalam perjanjian pinjaman. Pinjaman tersebut loan payable.
dicatat sebagai bank loan payable.
PT Bank Mega Tbk (Bank Mega) PT Bank Mega Tbk (Bank Mega)
a. Fasilitas kredit yang diterima SMF adalah a. Loan facility received by SMF are bellow:
sebagai berikut:
1. Pada tanggal 9 Maret 2017, SMF 1. On March 9, 2017, SMF obtained a
memperoleh fasilitas kredit modal kerja revolving Demand Loan facility for working
dalam bentuk Demand Loan dari Bank capital from Bank Mega, with a maximum
Mega, dengan jumlah fasilitas maksimum facility of Rp125,000 The availability of the
sebesar Rp125.000 dan bersifat revolving. facility is for twelve (12) months. In 2018,
Fasilitas ini memiliki jangka waktu 12 the facility is increased to Rp526,000 and
bulan. Pada tahun 2018, fasilitas ini in 2019, the facility is further increased to
ditingkatkan menjadi Rp526.000 dan pada Rp800,000. In 2023, the facility is
tahun 2019, fasilitas ini ditingkatkan lagi decreased to Rp200,000 and will mature
menjadi Rp800.000. Pada tahun 2023, on March 9, 2024. This facility was fully
fasilitas ini diturunkan menjadi Rp200.000 paid by SMF, and the facility has ended.
dan akan jatuh tempo tanggal 9 Maret
2024. Fasilitas ini sudah dilunasi oleh
SMF dan fasilitas telah berakhir.
2. Pada tanggal 29 Desember 2020, SMF 2. On December 29, 2020, SMF obtained
memperoleh fasilitas Pinjaman Tetap II Fixed Loan II facility with maximum facility
dengan jumlah maksimum fasilitas of Rp250,000. This facility will mature on
sebesar Rp250.000. Fasilitas ini akan March 29, 2024. On February 25, 2024,
jatuh tempo dalam 29 Maret 2024. Pada this facility was fully paid by SMF, and the
tanggal 25 Februari 2024, fasilitas ini facility has ended.
sudah dilunasi oleh SMF dan fasilitas
telah berakhir.
3. Pada tanggal 9 Maret 2021, SMF 3. On March 9, 2021, SMF obtained Fixed
memperoleh fasilitas Pinjaman Tetap III Loan III facility with maximum facility of
dengan jumlah maksimum fasilitas Rp400,000. This facility will mature on
sebesar Rp400.000. Fasilitas ini akan December 9, 2024. On April 1, 2024, this
jatuh tempo tanggal 9 Desember 2024. facility was fully paid by SMF, and the
Pada tanggal 1 April 2024, fasilitas ini facility has ended.
sudah dilunasi oleh SMF dan fasilitas
telah berakhir.
4. Pada tanggal 14 April 2022, SMF 4. On April 14, 2022, SMF obtained a Fixed
memperoleh fasilitas Pinjaman Tetap IV Loan IV facility with a maximum facility of
dengan jumlah maksimum fasilitas Rp600,000. This facility was fully paid by
sebesar Rp600.000. Fasilitas ini sudah SMF, and the facility has ended.
dilunasi oleh SMF dan fasilitas telah
berakhir.
5. Pada tanggal 8 Maret 2024, SMF 5. On March 8, 2024, SMF obtained a Fixed
memperoleh fasilitas Pinjaman Tetap V Loan V facility with a maximum facility of
dengan jumlah maksimum fasilitas Rp200,000. This facility will mature no
sebesar Rp200.000. Fasilitas ini akan later than March 8, 2028.
jatuh tempo maksimal tanggal 8 Maret
2028.
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Page 519
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Fasilitas dari Bank Mega dijamin dengan piutang The facility from Bank Mega is secured by
pembiayaan multiguna (Catatan 7) serta jaminan multipurpose financing receivables (Note 7) and
perusahaan dari Perusahaan. corporate guarantee from the Company.
Pinjaman SMF dari Bank Mega mencakup SMF Loans from Bank Mega include requirements
persyaratan yang membatasi hak SMF tanpa that limit SMF’s rights without prior approval from
persetujuan tertulis dari Bank Mega antara lain Bank Mega, among others, conduct or cause the
untuk melakukan atau menyebabkan dilakukannya withdrawal of paid up capital, to change SMF’s
penarikan modal disetor, mengubah anggaran articles of association, to change the line or type of
dasar SMF, melakukan perubahan bidang atau business activity, to file a bankruptcy request or
jenis kegiatan usahanya, mengajukan permohonan postpone the obligation to repay the debt, lends to
kepailitan atau penundaan kewajiban pembayaran other parties, obtain the loans, acts as guarantor,
utang, memberikan pinjaman kepada pihak lain, cause the transfer of SMF's shares to another
memperoleh pinjaman, mengikatkan diri sebagai parties, transferring activity the assets unless in
penjamin utang, menyebabkan beralihnya saham relation with SMF’s business activity, payment of
SMF kepada pihak lain, mengalihkan aset kecuali the loan from shareholders, and early payment of
dalam rangka kegiatan usaha, melakukan debt or other obligations which are not yet
pembayaran utang pemegang saham, dan matured. Other than that, SMF is required to
melakukan pembayaran dipercepat atas suatu maintain certain financial ratios as follows:
utang atau pembayaran kewajiban lainnya yang
belum jatuh tempo. Disamping itu, SMF diwajibkan
untuk memelihara rasio keuangan sebagai berikut:
• Rasio lancar minimal 1 kali; • Current ratio equal to but not lower than 1
time;
• Rasio utang terhadap ekuitas maksimal 10 kali • Debt to equity ratio not more than 10 times
(1.000%); (1,000%);
• Rasio Non Performing Financing (NPF) • Non Performing Financing (NPF) ratio with
dengan saldo tunggakan diatas 90 hari tidak overdue balances of more than 90 days shall
melebihi 3% dari jumlah pembiayaan yang not exceed 3% of the amount of financing
disalurkan SMF. provided SMF.
Pada tanggal 31 Desember 2025 dan 2024, rasio- As at December 31, 2025 and 2024, the ratios are
rasio tersebut adalah sebagai berikut (tidak as follows (unaudited):
diaudit):
2025 2024
Rasio lancar 3,02 3,22 Current ratio
Rasio utang terhadap ekuitas 2,58 4,49 Debt to equity ratio
Non Performing Financing (saldo Non Performing Financing (overdue
tunggakan diatas 90 hari) 2,65 2,65 above 90 days)
Pada tanggal 31 Desember 2025 dan 2024, As at December 31, 2025 and 2024, the Company
Perusahaan telah memenuhi seluruh kewajiban yang has complied with all requirements as stated in loan
dipersyaratkan dalam perjanjian pinjaman. agreements.
a. Fasilitas Pinjaman Tetap V dengan jumlah a. Loan Facility V with a maximum facility amount of
maksimum fasilitas sebesar Rp400.000 dan Rp400,000 and is non-revolving. The drawdown
bersifat Non revolving. Batas waktu penarikan period for this facility is 3 months, with a maturity
fasilitas ini adalah 3 bulan dengan jatuh tempo date of September 27, 2025. This facility has
sampai dengan 27 September 2025. Fasilitas ini been fully repaid by SMF and has expired.
sudah dilunasi oleh SMF dan fasilitas telah
berakhir.
Fasilitas ini dijamin dengan piutang pembiayaan The facilities are secured by multipurpose financing
multiguna dan piutang pembiayaan modal (Catatan 7 receivables and working capital financing with
dan 9). factoring scheme receivables (Notes 7 and 9).
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Page 520
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Pinjaman ABSM dari Bank Mega mencakup ABSM Loans from Bank Mega include requirements
persyaratan yang membatasi hak ABSM tanpa that limit ABSM's rights without prior approval from
persetujuan tertulis dari Bank Mega, antara lain untuk Bank Mega, among others, conduct or cause the
melakukan atau menyebabkan dilakukannya withdrawal of paid up capital, to change ABSM’s
penarikan modal disetor, mengubah anggaran dasar Article of Association, to change the line or type of
ABSM, melakukan perubahan bidang atau jenis business activity, to file a bankruptcy request for
kegiatan usahanya, mengajukan permohonan postpone the obligation to repay the debt, lends to
kepailitan atau penundaan kewajiban pembayaran other parties, obtain loans, acts as cause guarantor,
utang, memberikan pinjaman kepada pihak lain, cause the transfer of ABSM's shares to another
memperoleh pinjaman, mengikatkan diri sebagai parties, transferring the assets unless in relation with
penjamin utang, menyebabkan beralihnya saham ABSM’s business activity, payment of the loan from
ABSM kepada pihak lain, mengalihkan aset kecuali shareholders and early payment of debt or other
dalam rangka kegiatan usaha, melakukan obligations which are not yet matured. Other than
pembayaran utang pemegang saham, dan melakukan that, ABSM is required to maintain certain financial
pembayaran dipercepat atas suatu utang atau ratios as follows:
pembayaran kewajiban lainnya yang belum jatuh
tempo. Disamping itu, ABSM diwajibkan untuk
memelihara rasio keuangan sebagai berikut:
• Rasio lancar minimal 1 kali; • Current ratio equal to but not lower than 1 time;
• Gearing ratio maksimal 10 kali; • Gearing ratio maximum of 10 times;
• Rasio Non Performing Loan (NPL) dengan • Non Performing Loan (NPL) ratio with overdue
saldo tunggakan diatas 90 hari tidak melebihi balances of more than 90 days shall not exceed
2% dari jumlah pembiayaan yang disalurkan 2% of the amount of financing provided by
oleh ABSM. ABSM.
Pada tanggal 31 Desember 2025 dan 2024, rasio- As at December 31, 2025 and 2024 the ratios are
rasio tersebut adalah sebagai berikut (tidak as follows (unaudited):
diaudit):
2024
Rasio lancar 1,87 Current ratio
Gearing ratio 0,84 Gearing ratio
Non Performing Loan (saldo Non Performing Loan (overdue
tunggakan diatas 90 hari) 0,00 above 90 days)
Pada tanggal 31 Desember 2024, Perusahaan As at December 31, 2024, the Company has
telah memenuhi seluruh kewajiban yang complied with all requirements as stated in loan
dipersyaratkan dalam perjanjian pinjaman. agreements.
Perusahaan telah melunasi seluruh fasilitas ini The Company has settled this facility on
pada Januari 2025. January, 2025.
PT Bank Pan Indonesia Tbk (Panin) PT Bank Pan Indonesia Tbk (Panin)
Fasilitas kredit yang diterima SMF adalah sebagai Facility loan received by SMF are bellow:
berikut:
a. Fasilitas Pinjaman Tetap IV dengan jumlah a. Fixed Loan Facility IV with a maximum facility
maksimum fasilitas sebesar Rp400.000 dan amount of Rp400,000 and is non-revolving.
bersifat Non revolving. Fasilitas ini akan jatuh This facility will mature on
tempo pada tanggal 30 Juni 2024. Pada June 30, 2024. On April 5, 2024, this facility
tanggal 5 April 2024, fasilitas ini sudah dilunasi was fully repaid by SMF, and the facility has
oleh SMF dan fasilitas telah berakhir. been terminated.
b. Fasilitas Pinjaman Tetap V dengan jumlah b. Fixed Loan Facility V with a maximum facility
maksimum fasilitas sebesar Rp400.000 dan amount of Rp400,000 and Non revolving. The
bersifat Non revolving. Batas waktu penarikan deadline for withdrawing this facility is 3
fasilitas ini adalah 3 bulan dengan jatuh tempo months with a maturity date of September 27,
sampai dengan 27 September 2025. Fasilitas 2025. This facility was fully settled by SMF,
ini sudah dilunasi oleh SMF dan fasilitas telah and the facility has been terminated.
berakhir.
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Page 521
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Fasilitas ini dijamin secara fidusia dengan piutang The loan facilities from is fiduciary secured by
pembiayaan multiguna dan pembiayaan modal multipurpose financing receivables and working
kerja skema anjak piutang (Catatan 7 dan 9), serta capital financing with factoring scheme receivables
jaminan dari Perusahaan. (Notes 7 and 9), and Corporate Guarantee from
the Company.
Pinjaman SMF dari Bank Panin mencakup SMF loans from Bank Panin include requirements
persyaratan yang membatasi hak SMF tanpa that limit SMF's rights without prior approval from
persetujuan tertulis dari Bank Panin antara lain Bank Panin, among others, to obtain new loan from
untuk menerima pinjaman kredit baru dari bank lain other banks or from third parties or for securities
atau pihak ketiga atau menerbitkan surat berharga issuance that will cause a violation of financial
yang dapat menyebabkan dilanggarnya rasio ratios on financial covenant, to provide loans or
keuangan pada financial covenant, memberikan credit to SMF’s affiliates (except SMF’s
pinjaman atau kredit kepada pihak yang memiliki employees), to act as guarantors, to change SMF's
hubungan afiliasi (kecuali karyawan SMF), menjadi articles of association, to transfer the assets which
penjamin, mengubah anggaran dasar SMF, have been used as collaterals, to issue new shares
memindahtangankan barang-barang yang or sell the outstanding shares, to merge, allowing
dipergunakan sebagai jaminan, mengeluarkan shareholders to withdraw capital and mortgage
saham-saham baru dan menjual saham-saham SMF’s shares.
yang telah ada, melakukan merger,
memperbolehkan pemegang saham untuk menarik
modalnya dan menggadaikan saham SMF.
Disamping pembatasan diatas, SMF diwajibkan Further, SMF is required to maintain debt to equity
untuk mempertahankan rasio utang terhadap ratio not more than 7.5 times and Non Performing
ekuitas maksimal 7,5 kali dan rasio Non Performing Financing (NPF) ratio with overdue balances of
Financing (NPF) dengan saldo tunggakan diatas 60 more than 60 days shall not exceed 5%.
hari tidak melebihi 5%.
Pada tanggal 31 Desember 2025 dan 2024, rasio- As at December 31, 2025 and 2024, the ratios are
rasio tersebut adalah sebagai berikut (tidak as follows (unaudited):
diaudit):
2025 2024
Rasio utang terhadap ekuitas 2,58 4,49 Debt to equity ratio
Non Performing Financing Non Performing Financing
(saldo tunggakan diatas 60 hari) 4,15 4,15 (overdue above 60 days)
PT Bank Central Asia Tbk (Bank BCA) PT Bank Central Asia Tbk (Bank BCA)
Pada tanggal 7 April 2021, ABSM memperoleh On April 7, 2021, ABSM obtained a working capital
fasilitas kredit modal kerja dalam bentuk credit facility in the form of an Installment Loan
Installment Loan dari Bank BCA, dengan jumlah from Bank BCA, with a maximum facility amounting
fasilitas maksimum sebesar Rp500.000. Fasilitas to Rp500,000. This facility has a term of 60
ini memiliki jangka waktu 60 bulan. months.
Fasilitas ini dijamin dengan piutang sewa This facility is secured by finance lease receivables
pembiayaan (Catatan 8). (Note 8).
Pinjaman dari Bank BCA mencakup persyaratan Loan from Bank BCA includes conditions that limit
yang membatasi hak ABSM tanpa persetujuan the ABSM rights without written approval from
tertulis dari Bank BCA, antara lain untuk Bank BCA, among others, to obtain new loans
memperoleh pinjaman baru dan/atau mengikatkan and/or bind themselves as guarantors and pledge
diri sebagai penjamin dan mengagunkan kekayaan ABSM’s assets to other parties, lend money
ABSM kepada pihak lain, meminjamkan uang including but not limited to affiliated companies,
termasuk tetapi tidak terbatas pada perusahaan except in the case of in order to carry out daily
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Page 522
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
afiliasi, kecuali dalam rangka menjalankan usaha business, invest, participate in or open a new
sehari-hari, melakukan investasi, penyertaan atau business other than the existing business, conduct
membuka usaha baru selain usaha yang telah ada, consolidation, merger, acquisition or dissolution,
melakukan peleburan, penggabungan, amend the articles of association (in connection
pengambilalihan atau pembubaran, mengubah with the decrease in capital, purposes and
anggaran dasar (sehubungan dengan penurunan objectives as well as types of business activities,
modal, maksud dan tujuan serta jenis kegiatan composition of the board of directors and the board
usaha, susunan direksi dan dewan komisaris serta of commissioners and shareholders), and distribute
pemegang saham), serta melakukan pembagian dividends unless ABSM is able to meet the
dividen kecuali ABSM dapat memenuhi rasio financial ratios that have been determined:
keuangan yang telah ditentukan, yaitu:
- Rasio Non Performing Loan (NPL) dengan • Non-Performing Loan (NPL) ratio with arrears
saldo tunggakan diatas 10 hari tidak melebihi balance of more than 10 days does not
5% dari keseluruhan tagihan; exceed 5% of the total receivables;
- Gearing Ratio maksimal 8 kali. • Gearing Ratio maximum of 8 times.
Pada tanggal 31 Desember 2025 dan 2024, rasio- As at December 31, 2025 and 2024, the ratios are
rasio tersebut adalah sebagai berikut (tidak as follows (unaudited):
diaudit):
2025 2024
Non Performing Loan (saldo tunggakan Non Performing Loan (overdue
diatas 10 hari) 0,00% 0,00% above 10 days)
Gearing Ratio 0,34 0,84 Gearing Ratio
PT Bank Sahabat Sampoerna Tbk (Bank PT Bank Sahabat Sampoerna Tbk (Bank
Sampoerna) Sampoerna)
Fasilitas yang diterima SMF adalah sebagai Loan facility received by SMF are as follow:
berikut:
a. Pada tanggal 18 Juni 2020, SMF memperoleh a. On June 18, 2020, SMF obtained a Non-
fasilitas kredit modal kerja dari Bank revolving loan facility for SMF’s working capital
Sampoerna, dengan jumlah fasilitas from Bank Sampoerna, with a maximum facility
maksimum sebesar Rp100.000 dan bersifat of Rp100,000 and Non-revolving. The facility
Non-revolving. Fasilitas ini memiliki jangka has availabity period of 12 months and will
waktu pencairan 12 bulan dan akan jatuh mature on June 18, 2026.
tempo pada tanggal
18 Juni 2026.
b. Pada tanggal 18 Juni 2020, SMF memperoleh b. On June 18, 2020, SMF obtained an Overdraft
fasilitas Kredit Pinjaman Rekening Koran dari loan facility from Bank Sampoerna, with
Bank Sampoerna, dengan jumlah fasilitas maximum facility of Rp150,000. The availability
sebesar Rp150.000. Fasilitas ini telah of the facility is until June 18, 2026.
diperpanjang dan akan jatuh tempo tanggal
18 Juni 2026.
c. Pada tanggal 25 Agsutus 2022, SMF c. On August 25, 2022, SMF obtained a revolving
memperoleh fasilitas kredit modal kerja, working capital credit facility, with a maximum
dengan jumlah fasilitas maksimum sebesar facility amount of Rp150,000. On June, 2023,
Rp150.000 dan bersifat revolving. Pada Juni this facility has been upgraded to Rp300,000.
2023, Fasilitas ini telah ditingkatkan menjadi The availability of the facility is for 12 months
Rp300.000 Fasilitas ini memiliki jangka waktu with latest maturity date of August 29, 2024.
12 bulan dengan jatuh tempo terakhir sampai This facility was not extended.
dengan 29 Agustus 2024. Fasilitas ini tidak
diperpanjang
Fasilitas dari Bank Sampoerna dijamin dengan The facility from Bank Sampoerna is secured by
piutang pembiayaan multiguna dan piutang sewa multipurpose financing receivables and finance
pembiayaan (Catatan 7 dan 8), serta jaminan lease receivables (Notes 7 and 8), and corporate
perusahaan dari Perusahaan. guarantee from the Company.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Pinjaman SMF dari Bank Sampoerna mencakup SMF Loans from Bank Sampoerna include
persyaratan yang membatasi hak SMF tanpa requirements that limit SMF's rights without prior
persetujuan tertulis dari Bank Sampoerna antara written approval from Bank Sampoerna, among
lain untuk mengubah status hukum SMF, akuisisi, others, to change the legal status of SMF,
melikuidasi, meleburkan, mengeluarkan saham- acquired, liquidate, merge, to issue new shares or
saham baru dan menjual saham-saham yang telah sell the outstanding shares, causing the transfer of
ada, memindahtangankan sebagian besar asset ke SMF’s major assets to another parties, to act as
pihak lain, mengikatkan diri sebagai penjamin guarantors with amount more than 50% from total
dengan nilai lebih besar dari 50% total aset, assets, to file a bankruptcy request or postpone the
mengajukan permohonan pailit atau permohonan obligation to repay the debt, causing capital
penundaan pembayaran utang, mengakibatkan expenditure with amount more than 50% from total
terjadinya pengeluaran modal dengan nilai lebih assets, to make material agreement that profitable
besar dari 50% dari total aset, membuat perjanjian to Board of Directors, Commisioners, or
yang bersifat material yang menguntungkan Shareholders, net profit is in surplus. Other than
anggota Direksi, Komisaris, atau Pemegang that, SMF is required to maintain certain financial
Saham, laba bersih dalam kondisi surplus. ratios as follows:
Disamping itu, SMF diwajibkan untuk memelihara
rasio keuangan sebagai berikut:
• Gearing ratio maksimal 8 kali • Gearing ratio not more than 8 times;
• Saldo tunggakan 90 hari (NPF) maksimum 3% • Overdue balance of 90 days (NPF) and 30
dan tunggakan diatas 30 hari maksimal 8%; days shall not exceed 3% and 8%,
respectively;
Pada tanggal 31 Desember 2025 dan 2024, rasio- As at December 31, 2025 and 2024, the ratios
rasio tersebut adalah sebagai berikut (tidak follows (unaudited):
diaudit):
2025 2024
Gearing ratio 1,76 3,90 Gearing ratio
Non Performing Financing Non Performing Financing
diatas 90 hari (NPF) maksimum 3% 2,65% 2,65% above 90 days (NPF) maximum 3%
diatas 30 hari maksimum 8% 6,43% 6,62% above 30 days maximum 8%
PT Bank Danamon Indonesia Tbk (Bank PT Bank Danamon Indonesia Tbk (Bank
Danamon) Danamon)
Fasilitas kredit yang diterima SMF adalah sebagai Loan facility received by SMF are as follows:
berikut:
a. Pada tanggal 15 Juni 2017, SMF memperoleh a. On June 15, 2017, SMF obtained a revolving
fasilitas kredit modal kerja, dengan jumlah loan facility for working capital, with a
fasilitas maksimum sebesar Rp100.000 dan maximum facility of Rp100,000. The
bersifat revolving. Fasilitas ini memiliki jangka availability of the facility is for 12 months and
waktu 12 bulan dan telah diperpanjang has been extended several times with latest
beberapa kali dengan jatuh tempo terakhir maturity date of
sampai dengan 15 Juni 2026. June 15, 2026.
b. Pada tanggal 11 November 2021, SMF b. On November 11, 2021, SMF obtained Term
memperoleh fasilitas Kredit Angsuran Installment Credit (KAB) facility for working
Berjangka (KAB) untuk kredit modal kerja capital (specifically consumer finance) with
(khusus pembiayaan konsumen) dengan maximum facility of Rp300,000. This facility
jumlah maksimum fasilitas sebesar has a maximum withdrawal period of 12
Rp300.000. Fasilitas ini memiliki jangka waktu months from the signing of the credit
penarikan maksimal 12 bulan sejak agreement. This facility will mature on
penandatanganan perjanjian kredit. Fasilitas November 11, 2025. This facility was not
ini memiliki jatuh tempo hingga 11 November extended.
2025. Fasilitas ini tidak diperpanjang.
Fasilitas dari Bank Danamon dijamin dengan The facilities from Bank Danamon are secured by
piutang pembiayaan multiguna (Catatan 7), aset multipurpose financing receivables (Note 7),
tetap (Catatan 18) dan jaminan perusahaan dari property and equipment (Note 18) and corporate
Perusahaan. guarantee from the Company.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Pinjaman dari Bank Danamon mencakup hal-hal Loans from Bank Danamon include conditions and
dan ketentuan yang tidak boleh dilakukan SMF, requirements that SMF is not allowed, unless SMF
kecuali SMF wajib memberitahukan secara tertulis has written notify to Bank Danamon within 14
kepada Danamon dalam waktu paling lambat 14 working days after the occurance of the events
hari kerja setelah terjadinya salah satu kejadian among others, to obtain the loans from third
antara lain memperoleh kredit dari pihak ketiga, parties, pledge/sell/transfer SMF’s assets other
menjaminkan/menjual/memindahtangankan harta than those related to SMF’s business to third
kekayaan selain yang terkait dengan usaha SMF parties, sell its shares to third parties, diversify its
kepada pihak ketiga, menjual saham-sahamnya business or change the purposes and objectives of
kepada pihak ketiga, mengadakan deversifikasi SMF, merger or consolidation with other
usahanya atau mengubah maksud dan tujuan companies, amend SMF's articles of association,
SMF, merger atau konsolidasi dengan perusahaan pay dividends or other obligations to SMF's
lain, mengubah anggaran dasar, membayar dividen founders and grant corporate guarantee. Other
atau kewajiban lainnya kepada para pendiri SMF, than that, SMF is required to maintain certain
dan memberikan jaminan perusahaan. Disamping financial ratios as follows:
itu, SMF diwajibkan untuk memelihara rasio
keuangan sebagai berikut:
• Rasio utang terhadap ekuitas maksimal 10 • Debt to equity ratio of not more than 10 times ;
kali;
• Rasio Non Performing Financing (NPF) tidak • Non Performing Financing (NPF) ratio shall not
melebihi 5% untuk saldo tunggakan diatas 90 exceed 5% for overdue balances above 90
hari. days.
• Borrowing (on dan off)/NSA maksimum 100% • Borrowing (on and off)/NSA ratio not more
than 100%.
Pada tanggal 31 Desember 2025 dan 2024, As at December 31, 2025 and 2024, the ratios
rasio-rasio tersebut adalah sebagai berikut (tidak follows (unaudited):
diaudit):
2025 2024
Rasio utang terhadap ekuitas 2,58 4,49 Debt to equity ratio
Non Performing Financing Non Performing Financing
(saldo tunggakan diatas 90 hari) 2,65% 2,65% (overdue above 90 days)
Borrowing (on dan off)/NSA 130% 121% Borrowing (on and off)/NSA
Pada tanggal 31 Desember 2025 dan 2024, SMF As at December 31, 2025 and 2024, SMF has
telah memenuhi seluruh kewajiban yang complied with all requirements as stated in loan
dipersyaratkan dalam perjanjian pinjaman, kecuali agreements, except borrowing (on+off) / NSA ratio
untuk pemenuhan rasio borrowing (on+off) / NSA on December 31, 2025 and 2024. SMF has
pada tanggal 31 Desember 2025 dan 2024. SMF obtained a notice letter from Bank Danamon about
mendapatkan surat pemberitahuan breach the covenant breach and the bank gives additional
covenant dari Bank Danamon dan memberikan requirements. As at December 31, 2025, SMF has
persyaratan tambahan. Hingga tanggal fulfilled all of the additional requirements requested
31 Desember 2025, SMF telah memenuhi seluruh by Bank Danamon.
persyaratan tambahan dari Bank Danamon.
PT Bank Neo Commerce Tbk (Bank Neo) PT Bank Neo Commerce Tbk (Bank Neo)
a. Pada tanggal 24 Juni 2022, SMF memperoleh a. On June 24, 2022, SMF obtained a credit
Fasilitas kredit dari Bank Neo dengan rincian facility from Bank Neo with the following
sebagai berikut: details:
1. Pinjaman Reguler dengan jumlah fasilitas 1. Regular Loans with a maximum facility
maksimum sebesar Rp200.000 dan amount of Rp200,000 and are Executing
bersifat Executing Revolving. Fasilitas ini Revolving in nature. This facility is used
digunakan untuk pembiayaan modal kerja for receivables factoring financing. The
anjak piutang. Fasilitas ini mempunyai facility has availabity period of 12 months
jangka waktu pencairan maksimal 12 and will mature on June 24, 2024. This
bulan dan akan jatuh tempo tanggal facility is no longer extended.
24 Juni 2024. Fasilitas ini tidak lagi
diperpanjang.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. Pinjaman Angsuran dengan jumlah 2. Installment Loans with a maximum facility
fasilitas maksimum sebesar Rp50.000 dan of Rp50,000 and are Executing Non
bersifat Executing Non Revolving. Revolving in nature. This facility is used to
Fasilitas ini digunakan untuk pembiayaan working capital financing and finance
modal kerja konsumen dan sewa guna lease. This facility has a maximum
usaha. Fasilitas ini mempunyai jangka disbursement period of 36 months with
waktu pencairan maksimal 36 bulan serta the availability drawdown of the facility is
batas waktu penarikan 3 bulan dan akan for 3 months and will expire on
jatuh tempo tanggal 24 September 2025. September 24, 2025. This facility was not
Fasilitas ini tidak diperpanjang. extended.
Fasilitas kredit dari Bank Neo dijamin dengan The loan facilities from Bank Neo are secured
piutang pembiayaan modal kerja (Catatan 7 by working capital financing receivables (Notes
dan 9) serta jaminan perusahaan dari 7 and 9) as well as corporate guarantees from
Perusahaan. the Company.
Pinjaman SMF dari Bank Neo mencakup SMF's loan from Bank Neo includes
persyaratan yang membatasi hak SMF tanpa requirements that limit SMF's rights without
persetujuan tertulis dari Bank Neo antara lain written approval from Bank Neo, among
untuk mengubah status hukum SMF, akuisisi, others, conduct change the legal status of
melikuidasi, meleburkan, mengeluarkan SMF, acquisitions, liquidate, merge, to issue
saham-saham baru dan menjual saham- new shares or sell the outstanding shares,
saham yang telah ada, memindahtangankan causing the transfer of SMF’s major assets to
sebagian besar aset, mengikatkan diri sebagai another parties, to act as guarantors with
penjamin dengan nilai lebih besar dari 50% amount more than 50% from total assets, to
total aset, mengajukan permohonan pailit atau file a bankruptcy request or postpone the
permohonan penundaan pembayaran utang, obligation to repay the debt, causing capital
mengakibatkan terjadinya pengeluaran modal expenditure with amount more than 50% from
dengan nilai lebih besar dari 50% dari total total assets, to make material agreement that
aset, membuat perjanjian yang bersifat profitable to Board of Directors, Commisioners,
material yang menguntungkan anggota or Shareholders. Other than that, SMF is
Direksi, Komisaris, atau Pemegang Saham. required to maintain certain financial ratios as
Disamping itu, SMF diwajibkan untuk follows:
memelihara rasio keuangan sebagai berikut:
- Gearing ratio maksimal 8 kali; - Gearing ratio not more than 8 times;
- Saldo tunggakan 90 hari (NPF) - Overdue balance of 90 days (NPF) shall
maksimum 3%; not exceed 3%;
- Total modal terhadap total aset minimal - Total equity to total assets more than
15%; 15%;
- Total piutang pembiayaan dan investasi - Total financing and investment
terhadap total aset minimal 80%. receivables to total assets more than
80%.
Pada tanggal 31 Desember 2025 dan 2024, As at December 31, 2025 and 2024, the ratios are
rasio-rasio tersebut adalah sebagai berikut: as follows: (unaudited)
(tidak diaudit)
2025 2024
Gearing ratio 1,76 3,90 Gearing ratio
Saldo tunggakan diatas 90 hari (NPF) Overdue balance of 90 days (NPF)
maksimum 3% 2,65% 2,65% maximum 3%
Total modal terhadap total aset 30,90% 18,22% Total equity to total assets
Total piutang pembiayaan dan Total financing and investment
investasi terhadap total aset 53,65% 62,52% receivables to total assets
Pada tanggal 31 Desember 2025 dan 2024, As at December 31, 2025 and 2024, SMF has
SMF telah memenuhi seluruh kewajiban yang complied with all obligations required under
dipersyaratkan dalam perjanjian pinjaman. the loan agreement.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
PT Bank Negara Indonesia (Persero) Tbk (BNI) PT Bank Negara Indonesia (Persero) Tbk (BNI)
SMF memperoleh fasilitas kredit modal kerja dari SMF obtained a revolving loan facility for SMF’s
BNI dengan jumlah maksimum sebesar Rp350.000 working capital with maximum facility of
dan bersifat revolving. Batas waktu penarikan Rp350,000 from BNI. The availability of the facility
fasilitas ini adalah 12 bulan. Fasilitas ini telah is for twelve (12) months. This facility has been
dilunasi pada 5 Juli 2024. Fasilitas sudah tidak settled on July 5, 2024. This facility was not
diperpanjang. extended.
PT Bank Mayapada International Tbk (Bank PT Bank Mayapada International Tbk (Bank
Mayapada) Mayapada)
Pada tanggal 21 Juni 2022, SMF memperoleh On June 21, 2022, SMF obtained a fixed On
Fasilitas Tetap On Demand (PTX-OD) dari Bank Demand facility from Bank Mayapada, with a
Mayapada, dengan jumlah fasilitas maksimum maximum facility of Rp 50,000. This facility is used
sebesar Rp 50.000. Fasilitas ini digunakan untuk for the Company’s working capital. The availability
tambahan modal usaha pembiayaan. Fasilitas ini drawdown of the facility is for 12 months and will
mempunyai jangka waktu pencairan maksimal 12 expire on June 21, 2025.
bulan dan akan jatuh tempo tanggal 21 Juni 2025.
Fasilitas ini dijamin dengan piutang pembiayaan This facility is secured by multipurpose financing
multiguna (Catatan 7). receivables (Note 7).
Pinjaman SMF dari Bank Mayapada mencakup Loans from Bank Mayapada include requirements
persyaratan yang membatasi hak SMF tanpa that limit the SMF's right (negative covenants)
persetujuan tertulis dari Bank Mayapada antara lain without prior approval from Bank Mayapada,
untuk melakukan merger, akuisisi dan penjualan/ among others, to conduct merger, acquisitions,
pemindahtanganan/ melepaskan hak atas harta sell/transfer/ relinquish right of the SMF’s major
kekayaan SMF, melakukan perubahan terhadap assets, change the composition of management
susunan manajemen serta perubahan kepemilikan and ownership, distribute cash dividends, to act as
saham, melakukan pembagian dividen tunai, guarantors for other parties and/or pledge the
mengikat diri sebagai penjamin/penanggung assets, obtain loan facility from other parties,
terhadap pihak lain dan/atau menjamin harta extend or shrinking the business which can be
kekayaan, memperoleh kredit dalam bentuk effect the loan payment, filed bankcruptcy and
apapun dari pihak lain, melakukan perluasan atau transferring part or all the SMF’s rights and/or
penyempitan usaha yang dapat mempengaruhi liability under the credit agreement to other party.
pengembalian jumlah utang, mengajukan Besides, the SMF is required to maintain certain
permohonan kepailitan, serta mengalihkan financial ratio as follows:
sebagian atau seluruh hak dan/atau kewajiban
SMF berdasarkan perjanjian kredit kepada pihak
lain. Disamping itu, SMF diwajibkan untuk
memelihara rasio keuangan sebagai berikut:
• Rasio utang terhadap ekuitas maksimal 7 kali; • Debt to equity ratio not more than 7 times;
• Saldo tunggakan 90 hari (NPF) maksimum 3%; • Overdue balance of 90 days (NPF) shall not
exceed 3%;
• Write Off + NPF/Total Piutang maksimum 5x • Write Off + NPF/Total AR maximum 5 times
Pada tanggal 31 Desember 2025 dan 2024, As at December 31, 2025 and 2024, the ratios
rasio-rasio tersebut adalah sebagai berikut (tidak follows (unaudited):
diaudit):
2025 2024
Rasio utang terhadap ekuitas 1,76 4,49 Debt to equity ratio
Non Performing Financing Non Performing Financing
(saldo tunggakan diatas 90 hari) 2,65% 2,65% (overdue above 90 days)
Write Off + NPF / Jumlah Piutang 0,20% 0,19 Write Off + NPF / Total AR
Pada tanggal 31 Desember 2025, SMF telah As at December 31, 2025, SMF has complied with
memenuhi seluruh kewajiban yang dipersyaratkan all obligations required under the loan agreement.
dalam perjanjian pinjaman.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
PT Bank Jtrust Indonesia Tbk (Bank Jtrust) PT Bank Jtrust Indonesia Tbk (Bank Jtrust)
Pada tanggal 5 Januari 2023, SMF memperoleh On January 5, 2023, SMF obtained an Executing
fasilitas Kredit Eksekuting Multifinance (KEM) dari Multifinance Credit (KEM) facility from PT Bank
PT Bank Jtrust Indonesia Tbk dengan jumlah Jtrust Indonesia Tbk, with a maximum facility
fasilitas maksimum sebesar Rp100.000 dan amount of Rp100,000. The facility is non-revolving,
bersifat non revolving, uncommitted, dan advised. uncommitted, and advised. It has a maximum
Fasilitas ini mempunyai jangka waktu pencairan disbursement period of 36 months, a withdrawal
maksimal 36 bulan serta batas waktu penarikan 6 deadline of 6 months, and will mature on
bulan dan akan jatuh tempo pada tanggal 5 Juli July 5, 2028.
2028.
Fasilitas ini dijamin secara fidusia dengan piutang The loan facilities from is fiduciary secured by
pembiayaan multiguna dan pembiayaan modal multipurpose financing receivables and working
kerja skema anjak piutang (Catatan 7 dan 9), capital financing with factoring scheme receivables
deposito berjangka sebesar 10% yang diikat (Notes 7 and 9), time deposits amounting to 10%,
secara gadai (unnotaril) serta jaminan dari pledged under a non-notarized pawn agreement,
Perusahaan. and Corporate Guarantee from the Company.
Pinjaman SMF dari Bank Jtrust mencakup SMF loans from Bank Jtrust include requirements
persyaratan yang membatasi hak SMF tanpa that limit SMF's rights without prior approval from
persetujuan tertulis dari Bank Jtrust antara lain Bank Jtrust, among others, transfer or dispose of
memindahtangankan barang-barang yang assets pledged as collateral, undertake any
dipergunakan sebagai jaminan, melakukan merger, merger, borrow from or lend to third parties outside
meminjam dari atau meminjamkan uang kepada its ordinary business operations (excluding
pihak ketiga selain daripada yang timbul dalam guarantees arising from normal business activities),
usahanya menjadi penjamin, mengubah anggaran amend its Articles of Association, provide
dasar SMF, bertindak sebagai penjamin terhadap guarantees for third-party debts, change the nature
hutang pihak lain, mengubah sifat dan kegiatan or scope of its business activities, incur capital
usaha, capital expenditure dengan total kumulatif expenditures exceeding 50% of total assets on a
nilai lebih besar dari 50% dari total asset, cumulative basis, file for suspension of debt
mengajukan PKPU, dan melakukan perubahan payment obligations (PKPU), change its controlling
pemegang saham pengendali. shareholder.
Disamping pembatasan diatas, SMF diwajibkan Further, SMF is required to maintain gearing ratio
untuk mempertahankan Gearing rasio maksimal 10 not more than 10 times and Non Performing
kali dan rasio Non Performing Financing (NPF) Financing (NPF) ratio with overdue balances of
dengan saldo tunggakan diatas 90 hari tidak more than 90 days shall not exceed 5%.
melebihi 5%.
Pada tanggal 31 Desember 2025 dan 2024, rasio- As at December 31, 2025 and 2024, the ratios are
rasio tersebut adalah sebagai berikut (tidak as follows (unaudited):
diaudit):
2025 2024
Gearing ratio 1,76 3,90 Gearing ratio
Non Performing Loan Non Performing Loan
(saldo tunggakan diatas 90 hari) 2,65% 2,65% (overdue above 90 days)
PT Bank Victoria International Tbk (Bank PT Bank Victoria International Tbk (Bank
Victoria) Victoria)
Pada tanggal 25 Juli 2024, SMF memperoleh On July 25, 2024, SMF obtained a credit facility
fasilitas kredit dari Bank Victoria, dengan rincian from Bank Victoria, with the following details:
sebagai berikut:
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
a. SMF memperoleh fasilitas Modal Kerja a. SMF obtained an Executing Revolving
Executing Revolving dari PT Bank Victoria Working Capital facility from PT Bank Victoria
Syariah dengan jumlah fasilitas maksimum Syariah with a maximum facility amount of
sebesar Rp50.000. Fasilitas ini mempunyai Rp50,000. This facility has a term of 12
jangka waktu 12 bulan dengan tenor months with a maximum financing tenor of 6
pembiayaan maksimum 6 bulan sesuai months according to the age of the accounts
dengan umur piutang usaha. receivable.
b. SMF memperoleh fasilitas Modal Kerja b. SMF obtained an Executing Non Revolving
Executing Non Revolving dari PT Bank Victoria Working Capital facility from PT Bank Victoria
Syariah dengan jumlah fasilitas maksimum Syariah with a maximum facility amount of
sebesar Rp10.000. Fasilitas ini mempunyai Rp10,000. This facility has a term of 12
jangka waktu 12 bulan dengan tenor months with a maximum financing tenor of 3
pembiayaan maksimum 3 tahun terhitung years starting from each facility disbursement
sejak masing-masing tanggal pencairan date
fasiilitas.
Fasilitas diatas dijamin dengan piutang The above facility is secured by a working capital
pembiayaan modal kerja skema anjak piutang financing receivables factoring scheme (Note 9).
(Catatan 9).
Pinjaman SMF dari Bank Victoria mencakup SMF's loan from Bank Victoria includes
persyaratan yang membatasi hak SMF tanpa requirements that limit SMF's rights without
persetujuan tertulis dari Bank Victoria antara lain written approval from Bank Victoria, including
melakukan merger, mengikatkan diri sebagai merging, binding itself as a guarantor/underwriter
penjamin/penanggung terhadap pihak lain, for another party, paying off shareholder/affiliate
melakukan pelunasan pinjaman pemegang loans, distributing dividends of more than 50% of
saham/afiliasi, membagikan deviden lebih dari 50% net profit, expanding/narrowing the business that
dari laba bersih, melakukan perluasan/ may affect the return of the amount of financing,
penyempitan usaha yang dapat mempengaruhi filing a bankruptcy application and/or postponing
pengembalian jumlah pembiayaan, mengajukan disbursement to the Commercial Court.
permohonan kepailitan dan/atau penundaan
pembuyaran kepada Pengadilan Niaga.
Disamping pembatasan diatas, SMF diwajibkan Further, SMF is required to maintain gearing ratio
untuk mempertahankan Gearing rasio maksimal not more than 10 times and Non Performing
10 kali dan rasio Non Performing Financing (NPF) Financing (NPF) ratio with overdue balances of
dengan saldo tunggakan diatas 90 hari tidak more than 90 days shall not exceed 5%.
melebihi 5%.
Pada tanggal 31 Desember 2025 dan 2024, As at December 31, 2025 and 2024, the ratios
rasio-rasio tersebut adalah sebagai berikut (tidak are as follows (unaudited):
diaudit):
2025 2024
Gearing ratio 1,76 3,90 Gearing ratio
Non Performing Financing Non Performing Financing
(saldo tunggakan diatas 90 hari) 2,65% 2,65% (overdue above 90 days)
Pada tanggal 22 Agustus 2019, ABSM On August 22, 2019, ABSM obtained a revolving
memperoleh fasilitas kredit modal kerja dalam demand loan facility for ABSM’s working capital
bentuk Demand Loan dari Bank Victoria, dengan from Bank Victoria, with a maximum facility of
jumlah fasilitas maksimum sebesar Rp100.000 dan Rp100,000. The availability of the facility is for 12
bersifat revolving. Fasilitas ini memiliki jangka months, and has been extended with maturity date
waktu 12 bulan, dan telah diperpanjang dengan on August 29, 2025.
jatuh tempo terakhir tanggal 29 Agustus 2025.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Fasilitas diatas dijamin dengan deposito berjangka The facilities are secured by time deposits of Bank
Bank Victoria sebesar Rp100.000 atas Perusahaan Victoria amounting to Rp100,000 from PT Sinar
(Catatan 5). Mas Multiartha Tbk (Note 5).
Pinjaman ABSM dari Bank Victoria mencakup ABSM Loans from Bank Victoria include
persyaratan yang membatasi hak ABSM tanpa requirements that limit ABSM's rights without prior
persetujuan tertulis dari Bank Victoria, antara lain approval from Bank Victoria, among others,
untuk melakukan merger, akuisisi, mengalihkan conduct mergers, acquisitions, transfer the assets
harta kekayaan ABSM, mengubah susunan of ABSM, change the composition of the majority
pemegang saham mayoritas, membagikan dividen, shareholders, distribute dividends, enter into
melakukan transaksi yang merugikan ABSM, transactions which resulted in a loss to ABSM, to
mengajukan permohonan kepailitan atau file a bankruptcy request or postpone the obligation
penundaan kewajiban pembayaran utang, to repay the debt, lends to other parties, acts as
memberikan pinjaman kepada pihak lain, guarantor and transferring ABSM’s liability to other
mengikatkan diri sebagai penjamin utang, party.
mengalihkan kepada pihak lain kewajiban ABSM.
Pada tanggal 11 September 2025, Bank Victoria On September 11, 2025 Bank Victoria agreed to
menyetujui untuk memperpanjang fasilitas ini extend this facility until August 29, 2026.
sampai tangal tanggal 29 Agustus 2026.
ABSM telah mematuhi seluruh persyaratan dalam ABSM complied with all the requirements in the
perjanjian pinjaman yang disebutkan diatas. loan agreement mentioned above.
PT Bank Amar Indonesia Tbk (Bank Amar) PT Bank Amar Indoneia Tbk (Bank Amar)
Fasilitas kredit yang diterima SMF adalah sebagai The loan facilities received by SMF consist of the
berikut: following:
Pada tanggal 16 Februari 2024, SMF memperoleh On February 16, 2024, SMF obtained a Stand by
fasilitas Stand by Fixed Lan Angsuran (SBFLA) dari Fixed Lan Installment (SBFLA) facility from PT
PT Bank Indonesia Tbk dengan jumlah fasilitas Bank Indonesia Tbk with a maximum facility
maksimum sebesar Rp25.000. Fasilitas ini amount of Rp25,000. This facility has a term of 6
mempunyai jangka waktu 6 tahun. years.
Fasilitas ini dijamin dengan tanah dan bangunan This facility is secured by land and buildings as well
serta CG dari SMF. as CG from SMF.
Pinjaman SMF dari Bank Amar mencakup SMF's loan from Bank Amar includes requirements
persyaratan yang membatasi hak SMF tanpa that limit SMF's rights without written consent from
persetujuan tertulis dari Bank Amar antara lain Bank Amar, including changing the form and/or
mengubah bentuk dan/atau status hukum badan legal status of the debtor's business entity,
usaha debtor, mengakuisisi atau diakuisisi, acquiring or being acquired, liquidating, merging,
melikuidasi, meleburkan, membubarkan dan/atau dissolving and/or doing other things for the benefit
melakukan hal lain untuk kepentingan krediturnya of its creditors (other than Bank Amar) including
(selain Bank Amar) termasuk mengeluarkan issuing new shares and/or selling existing shares,
saham-saham baru dan/atau menjual saham- options, warrants or other similar instruments,
saham yang ada, hak opsi, waran atau instrument- transferring most of the assets, filing for bankruptcy
instrumen sejenis lainnya, memindahtangankan or requesting a postponement of payment, capital
sebagian besar asset, mengajukan pailit atau expenditure with a value greater than 50% of total
permohonan penundaan pembayaran, pengeluaran assets. In addition, the Company is required to
modal dengan nilai lebih besar dari 50% dari total maintain the following financial ratios:
aset. Di samping itu, Perusahaan diwajibkan untuk
memelihara rasio keuangan sebagai berikut:
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
• Tunggakan diatas 90 hari (NPF) maksimum • • Arrears over 90 days (NPF) maximum 5%
5%
• Gearing ratio maksimum sebesar 8 kali • • Maximum gearing ratio of 8 times
• Minimal Current ratio 100% • • Minimum current ratio 100%
Pada tanggal 31 Desember 2025 dan 2024, As at December 31, 2025 and 2024, the ratios are
rasio-rasio tersebut adalah sebagai berikut (tidak as follows (unaudited):
diaudit):
2025 2024
Non Performing Loan Non Performing Loan
(saldo tunggakan diatas 90 hari) 2,65% 2,65% (overdue above 90 days)
Gearing ratio 1,76 3,90 Gearing ratio
Rasio lancar 302% 322% Current ratio
PT Bank Ganesha Tbk (Bank Ganesha) PT Bank Ganesha Tbk (Bank Ganesha)
ABSM memperoleh fasilitas kredit dari Bank ABSM obtained credit facilities from Bank Ganesha
Ganesha sebagai berikut: were as follows:
a. Fasilitas Fixed Loan 1 (FL-1) sebesar a. Fixed Loan 1 (FL-1) facility of Rp40,000 on
Rp40.000 pada tanggal 17 Mei 2019. Pada May 17, 2019. On November 24, 2025, the
24 November 2025 nilai maksimum dari maximum facility amount was increased to
fasilitas ini ditingkatkan menjadi Rp140.000 Rp140.000 and this facility is now called Short
dan fasilitas ini disebut menjadi Short Term Term Loan 1 (STL-1). This facility is secured
Loan 1 (STL-1). [M.4.1] Fasilitas ini dijamin by receivables from working capital financing
dengan piutang pembiayaan modal kerja from the factoring scheme and assets for rent
skema anjak piutang dan aset tetap untuk in the form of vehicles (Notes 9 and 18).
disewakan berupa kendaraan (Catatan 9 dan
18).
b. Fasilitas Fixed Loan 2 (FL-2) sebesar b. Fixed Loan 2 (FL-2) facility of Rp40,000 on
Rp40.000 pada tanggal 27 Juli 2020. Pada July 27, 2020. On November 24, 2025, this
24 November 2025 fasilitas ini disebut menjadi facility is now called Short Term Loan 2 (STL-
Short Term Loan 2 (STL-2). 2).
Fasilitas FL-1 dan FL-2 mempunyai jangka waktu The FL-1 and FL-2 facilities have a term of 12
12 bulan dan telah diperpanjang beberapa kali months and have been extended several times
dengan jatuh tempo terakhir 16 Juni 2025. with the latest maturity date on June 16, 2025.
Pinjaman ABSM dari Bank Ganesha mencakup ABSM's loan from Bank Ganesha includes
persyaratan yang membatasi hak ABSM tanpa conditions that limit ABSM's rights without written
persetujuan tertulis dari Bank Ganesha antara lain approval from Bank Ganesha, among others, to
untuk melakukan perubahan modal, pemegang make changes to capital, shareholders and
saham dan pengurus, bertindak sebagai penjamin management, act as guarantor for third party debts
atas utang pihak ketiga dan mengajukan and file bankruptcy applications.
permohonan kepailitan.
ABSM telah memenuhi liabilitas pembayaran pokok ABSM has complied with its principal and interest
dan bunga atas pinjaman yang diterima, dengan payments on the loans received, on a timely basis.
tepat waktu. Sampai dengan laporan keuangan As of the issuance of the financial statements,
diterbitkan, tidak terdapat liabilitas yang telah jatuh there are no outstanding liabilities that have not
tempo yang belum dilunasi oleh ABSM. been paid by ABSM.
ABSM telah mematuhi seluruh persyaratan dalam ABSM has complied with all the requirements in
perjanjian pinjaman yang disebutkan diatas. the loan agreement mentioned above.
Pada tanggal 31 Desember 2025, ABSM telah As at December 31, 2025, ABSM has settled this
menlunasi fasilitas ini. facility.
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Page 531
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
PT Bank Capital Indonesia Tbk (Bank Capital) PT Bank Capital Indonesia Tbk (Bank Capital)
Fasilitas kredit yang diterima SMF adalah sebagai The loan facilities received by SMF consist of the
berikut: following:
Pada tanggal 24 Januari 2024, SMF memperoleh On January 24, 2024, SMF obtained a Money
Fasilitas Pinjaman Akseptasi Money Market (PA Market Acceptance Loan Facility (PA MM) from
MM) dari Bank Capital, dengan jumlah fasilitas Bank Capital, with a maximum facility amount of
maksimum sebesar Rp200.000 dan bersifat Rp200,000 and is Revolving. This facility has a
Revolving. Fasilitas ini memiliki jangka waktu 12 term of 12 months since the credit agreement was
bulan sejak akad kredit ditandatangani, yaitu signed, namely until January 24, 2025. This facility
sampai dengan 24 Januari 2025. Fasilitas ini is secured by trade receivables. This facility was
dijamin dengan piutang usaha. Fasilitas ini sudah not extended.
tidak diperpanjang.
Fasilitas ini dijamin dengan piutang pembiayaan This facility is secured by multipurpose financing
multiguna (Catatan 7). receivables (Note 7).
Pinjaman SMF dari Bank Capital mencakup SMF loan from Bank Capital includes terms that
persyaratan yang membatasi hak SMF tanpa limit the SMF rights without written approval from
persetujuan tertulis dari Bank Capital antara lain Bank Capital, including to carry out mergers,
untuk melakukan merger, akuisisi, konsolidasi, acquisitions, consolidations, transfer the SMF
mengalihkan harta kekayaan SMF, mengubah assets, change the composition of the majority
susunan pemegang saham mayoritas, membagikan shareholders, distribute dividends, carry out
dividen, melakukan transaksi yang merugikan SMF, transactions that are detrimental to SMF, change
mengubah status hukum SMF, mengalihkan SMF legal status, transfer SMF obligations to other
kepada pihak lain kewajiban Perusahaan parties.
Batas Maksimum Pemberian Pembiayaan Maximum Financing Lending Limit
Pada tanggal 31 Desember 2025 dan 2024, tidak As at December 31, 2025 and 2024, there is no
terdapat penyediaan dana kepada pihak berelasi provision of funds to related parties and third
dan pihak ketiga yang melampaui Batas Maksimum parties that exceed the maximum financing limit by
Pemberian Pembiayaan yang diberikan oleh SMF SMF and ABSM.
dan ABSM.
29. Liabilitas Lain-lain 29. Other Liabilities
2025 2024
Titipan premi 303.244 278.667 Premium deposits
Setoran jaminan 32.730 208.366 Security deposit
Liabilitas segera lainnya yang masih
harus dibayar 120.348 176.286 Immediately payable liabilities
Dana tabarru 181.122 166.691 Tabarru' fund
Utang zakat 15.967 14.963 Zakah payable
Estimasi kerugian komitmen Estimated commitments and
dan kontinjensi 15.352 8.803 contingencies
Pendapatan diterima dimuka 119.099 5.336 Unearned revenues
Lain-lain 4.748.517 3.283.717 Others
Jumlah 5.536.379 4.142.829 Total
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Page 532
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Dana tabarru merupakan dana yang dibentuk dari Tabarru’ fund is the fund established from
konstribusi, hasil investasi dan akumulasi surplus contribution, investment income and accumulated
underwriting dan tabarru yang dialokasikan kembali surplus of tabarru’ funds which is re-allocated to
ke dana tabarru. tabarru’ fund.
Perubahan estimasi kerugian komitmen dan The changes in estimated commitments and
kontinjensi adalah sebagai berikut: contigencies follows:
2025
Tahap 1/ Tahap 2/ Tahap 3/ Total/
Stage 1 Stage 2 Stage 3 Total
Balance at the beginning
Saldo awal tahun 8.791 5 7 8.803 of the year
Pembentukan tahun berjalan 6.507 2 40 6.549 Provision for current year
Pemulihan tahun berjalan - - - - Recovery for current period
Balance at the end of
Saldo akhir tahun 15.298 7 47 15.352 the year
2024
Tahap 1/ Tahap 2/ Tahap 3/ Total/
Stage 1 Stage 2 Stage 3 Total
Balance at the beginning
Saldo awal tahun 7.553 33 54 7.640 of the year
Pembentukan tahun berjalan 1.238 - - 1.238 Provision for current year
Pemulihan tahun berjalan - (28) (47) (75) Recovery for current period
Balance at the end of
Saldo akhir tahun 8.791 5 7 8.803 the year
30. Kepentingan Nonpengendali atas Aset Bersih 30. Non Controlling Interests in Net Assets and
dan Laba (Rugi) Bersih Entitas anak Comprehensive Income (Losses) of the
Subsidiaries
a. Kepentingan nonpengendali atas aset bersih a. Non controlling interest in net assets of the
entitas anak subsidiaries
2025 2024
BS 2.155.565 1.962.236 BS
PDP 156.748 189.301 PDP
RLS 69.252 69.252 RLS
AUP 1.082 - AUP
DPI 897 1.532 DPI
JTU 67 64 JTU
Jumlah 2.383.611 2.222.385 Total
b. Kepentingan nonpengendali atas laba (rugi) b. Non controlling interest in comprehensive
bersih entitas anak income (losses) of the subsidiaries
2025 2024
BS 92.743 93.860 BS
JTU 3 3 JTU
AUP (1.218) (1.617) AUP
DPI (635) (3.207) DPI
PDP (32.553) (32.553) PDP
Jumlah 58.340 56.486 Total
- 161 -
Page 533
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31. Modal Saham 31. Capital Stock
Susunan kepemilikan pemegang saham The share ownership in the Company based on the
Perusahaan berdasarkan catatan yang dibuat oleh records of STG, share registrar, a subsidiary,
STG, Biro Administrasi Efek, entitas anak, adalah follows:
sebagai berikut:
Berdasarkan Seri Saham By Series of Shares:
31 Desember/December 31, 2025 dan/and 2024
Nilai Nominal
per Saham
(dalam Rp penuh)
Jumlah Nominal Jumlah
Lembar Saham Value Modal Disetor/
Number of per share Total paid-up
Jenis saham % Shares (in full Rp) Capital stock Shares
Seri A 2,24% 142.474.368 5.000 712.372 Seri A
Seri B 97,76% 6.225.190.349 100 622.519 Seri B
Jumlah 100,00% 6.367.664.717 1.334.891 Total
Berdasarkan Kepemilikan Pemegang Saham By Ownership Interest:
31 Desember/December 31, 2025
Jumlah
Lembar Saham/
Number
Pemegang Saham % of Shares Stockholders
PT Sinar Mas Cakrawala 40,34% 2.568.361.683 PT Sinar Mas Cakrawala
Bank of Singapore Limited S/A PT Sinar Mas Bank of Singapore Limited S/A PT Sinar
Cakrawala 9,42% 600.000.000 Mas Cakrawala
Indra Widjaja 0,03% 2.183.700 Indra Widjaja
Masyarakat (masing-masing di bawah 5%) 50,21% 3.197.119.334 Public (below 5% each)
Jumlah 100,00% 6.367.664.717 Total
31 Desember/December 31, 2024
Jumlah
Lembar Saham/
Number
Pemegang Saham % of Shares Stockholders
PT Sinar Mas Cakrawala 43,08% 2.743.462.323 PT Sinar Mas Cakrawala
Bank of Singapore Limited S/A PT Sinar Mas Bank of Singapore Limited S/A PT Sinar
Cakrawala 9,42% 600.000.000 Mas Cakrawala
Indra Widjaja 0,03% 2.178.800 Indra Widjaja
Masyarakat (masing-masing di bawah 5%) 47,47% 3.022.023.594 Public (below 5% each)
Jumlah 100,00% 6.367.664.717 Total
Semua saham yang dikeluarkan oleh Perusahaan All capital stock issued by the Company (Series A
(saham Seri A dan Seri B) adalah saham biasa. and Series B shares) are common stock.
- 162 -
Page 534
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Manajemen Permodalan Capital Management
Tujuan utama dari manajemen permodalan Grup The primary objective of the Group’ capital
adalah untuk memastikan bahwa Grup management is to ensure that it maintains healthy
mempertahankan rasio modal yang sehat dalam capital ratios in order to support its business and
rangka mendukung usaha bisnis dan maximize shareholder value. The Group is not
memaksimalkan nilai pemegang saham. Grup tidak required to meet any capital requirement.
diwajibkan untuk memenuhi syarat-syarat modal
tertentu.
Grup mengelola struktur modal dan membuat The Group manages its capital structure and
penyesuaian terhadap struktur modal sehubungan makes adjustment in light of the changes in
dengan perubahan kondisi ekonomi. Grup economic conditions. The Group monitors its
memantau modalnya dengan menggunakan capital using gearing ratio (debt to equity ratio), by
analisa gearing ratio (rasio utang terhadap modal), dividing net debt to capital. Net debt is calculated
yakni membagi utang bersih terhadap jumlah as total borrowings (including short-term and long-
modal. Utang bersih adalah jumlah utang term) less cash and cash in banks. Total capital is
(termasuk utang jangka pendek dan jangka calculated as equity attributable to the Company’s
panjang di laporan posisi keuangan konsolidasian) stockholders as shown in the consolidated
dikurangi kas dan bank. Modal adalah ekuitas yang statement of financial position.
dapat diatribusikan kepada pemegang saham
Perusahaan, yang disajikan dalam laporan posisi
keuangan konsolidasian.
Rasio utang bersih terhadap modal pada tanggal Ratio of net debt to equity as at December 31,
31 Desember 2025 dan 2024 adalah sebagai 2025 and 2024 follows:
berikut:
2025 2024
Simpanan dan simpanan dari Deposits and deposits from
bank lain 45.367.868 43.930.669 other banks
Pinjaman yang diterima 2.509.972 1.257.352 Loans received
Surat berharga yang diterbitkan 9.029.855 9.436.290 Securities issued
Subtotal 56.907.695 54.624.311 Subtotal
Kas dan bank (9.180.682) (8.828.002) Cash and cash in banks
Jumlah - bersih 47.727.013 45.796.309 Total - net
Jumlah ekuitas 25.911.103 23.739.762 Total equity
Rasio utang bersih terhadap The ratio of net loans and debt
modal 184,20% 192,91% to equity
32. Tambahan Modal Disetor - Bersih 32. Additional Paid-in Capital - Net
Akun ini terdiri dari agio saham dan biaya emisi This account consist of additional paid-in capital
efek ekuitas pada tanggal 31 Desember 2025 dan and share issuance cost as at December 31, 2025
2024 dengan rincian sebagai berikut: and 2024 with details as follows:
2025 dan/and 2024
Agio saham 1.450.716 Additional paid-in capital
Aset pengampunan pajak 106.850 Tax amnesty assets
Selisih nilai transaksi restrukturisasi entitas Difference in value arising from restructuring
sepengendali 93.484 transactions among entities under common control
Biaya emisi (3.530) Shares issuance cost
Jumlah 1.647.520 Total
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
a. Agio saham, terdiri dari: a. Additional paid-in capital consist of:
2025 dan/and 2024
Penawaran umum perdana 78.000Initial public offering
Penawaran umum terbatas I 165.750 Limited public offering I
Penawaran umum terbatas III 24.783Limited public offering III
Konversi waran Seri I 49.372Conversion of Series I warrants
Konversi waran Seri III 396.353 Conversion of Series III warrants
Konversi waran Seri IV 175.884 Conversion of Series IV warrants
Konversi ke modal saham (76.500)Conversion to capital stock
Public offering without pre-emptive rights
Penawaran umum non HMETD tahun 2015 588.014 to the existing shareholders in 2015
Public offering without pre-emptive rights to the
Penawaran umum non HMETD tahun 2016 49.060 existing shareholders in 2016
Jumlah 1.450.716 Total
b. Biaya emisi efek ekuitas berasal dari b. Shares issuance cost incurred on Limited
Penawaran Umum Terbatas I, III dan IV serta Public Offering I, III and IV,and public offering
penawaran umum non HMETD masing-masing without pre-emptive rights to the existing
sebesar Rp904, Rp1.060, Rp1.173, Rp300 shareholders amounted to Rp904, Rp1,060,
dan Rp93. Rp1,173, Rp300, and Rp93, respectively.
c. Selisih nilai transaksi restrukturisasi entitas c. Difference in Value Arising from Restructuring
sepengendali. Transactions Among Entities Under Common
Control.
Pada bulan Desember 2006, Perusahaan In December 2006, the Company increased its
menambah setoran modal pada saham AJSM investment in AJSM amounting to Rp15,000. The
sebesar Rp15.000. Penambahan setoran modal increase in investment resulted to an increase in
tersebut telah meningkatkan persentase ownership interest of the Company in AJSM from
kepemilikan Perusahaan pada saham AJSM yaitu 50.00% to 73.08%, since the other stockholders,
dari 50,00% menjadi 73,08%, dikarenakan namely PT Sinarindo Gerbangmas (SG) and PT
pemegang saham lainnya yaitu PT Sinarindo Sinar Mas Tunggal (SMT) (both companies are
Gerbangmas (SG) dan PT Sinar Mas Tunggal owned by Sinar Mas Group) did not increase their
(SMT) (merupakan entitas-entitas yang dimiliki oleh investments. Difference between the transfer price
Grup Sinar Mas) tidak melakukan penyetoran and book value of restructuring transactions among
modal. Selisih nilai setoran modal Perusahaan entities under common control amounting to
dengan nilai tercatat aset bersih yang diperoleh Rp46,028 was recorded in additional paid-in capital
adalah sebesar Rp46.028 dibukukan sebagai account.
bagian dari tambahan modal disetor.
Pada bulan Desember 2007, Perusahaan In December 2007, the Company increased its
menambah setoran modal pada saham AJSM investment in AJSM amounting to Rp20,000. The
sebesar Rp20.000. Penambahan setoran modal increase in investment resulted to an increase in
tersebut telah meningkatkan persentase ownership interest of the Company in AJSM from
kepemilikan Perusahaan pada saham AJSM yaitu 73.08% to 83.33%, since SG and SMT did not
dari 73,08% menjadi 83,33%, dikarenakan SG dan increase their investments. Difference between the
SMT tidak melakukan penyetoran modal. Selisih transfer price and book value of restructuring
nilai setoran modal Perusahaan dengan nilai transactions among entities under common control
tercatat aset bersih yang diperoleh adalah sebesar amounting to Rp47,475 was recorded in additional
Rp47.475 dibukukan sebagai bagian dari paid-in capital account.
tambahan modal disetor.
- 164 -
Page 536
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Pada tahun 2012, 2011, 2010, 2009 dan 2008, In 2012, 2011, 2010, 2009 and 2008, the Company
Perusahaan menambah setoran modal pada increased its investment in JTUM amounting to
saham JTUM masing-masing sebesar Rp25.000, Rp25,000, Rp25,000, Rp15,000, Rp20,000 and
Rp25.000, Rp15.000, Rp20.000 dan Rp8.000. Rp8,000, respectively. The increase in investment
Penambahan setoran modal tersebut telah resulted to an increase in ownership interest of the
meningkatkan persentase kepemilikan Perusahaan Company in JTUM to 99.93% in 2011, 99.90% in
pada saham JTUM yaitu menjadi sebesar 99,93% 2010, 99.86% in 2009, 99.67% in 2008, since the
pada tahun 2011, 99,90% pada tahun 2010, other stockholders, PT Kalibesar Raya Utama did
99,86% pada tahun 2009 dan 99,67% pada tahun not increase their investments. Difference between
2008, dikarenakan pemegang saham lainnya yaitu the transfer price and book value of restructuring
PT Kalibesar Raya Utama tidak melakukan transactions among entities under common control
penyetoran modal. Selisih nilai tercatat aset bersih amounting to nil, Rp(1), Rp(1), Rp(7) and Rp(10),
yang diperoleh dengan nilai setoran modal respectively, was recorded in additional paid-in
Perusahaan sebesar nihil, Rp(1), Rp(1), Rp(7) dan capital account.
Rp(10) dibukukan sebagai bagian dari tambahan
modal disetor.
Saldo tambahan modal disetor dari transaksi- The balance of additional paid-in capital from the
transaksi diatas pada tanggal 31 Desember 2025 above transactions as at December 31, 2025 and
dan 2024 masing-masing adalah sebesar 2024 amounted to Rp93,484.
Rp93.484.
33. Komponen Ekuitas Lainnya 33. Other Equity Components
Akun ini merupakan perubahan nilai investasi This account represents changes in value of
Perusahaan sehubungan dengan perubahan investments of the Company due to changes in
ekuitas anak dan entitas asosiasi yang equity of the subsidiaries and associated
menyebabkan perubahan kepemilikan pada PDP, companies which resulted from the change in
AJSM, BS dan OMS serta nilai wajar investasi efek the Company’s ownership interest in PDP, AJSM,
yang belum direalisasi dari ASM, AJSM dan BS. BS and OMS, unrealized in fair value of securities
from ASM, AJSM and BS.
2025 2024
Unrealized gain on change
Keuntungan dari perubahan nilai wajar in fair value of securities
efek yang belum direalisasi 410.713 410.526 of subsidiaries
Ekuitas pada penyesuaian penjabaran Share in translation adjustment
dari entitas anak 3.070 (15.026) of a subsidiary
Dampak transaksi entitas anak Effects of transactions of
dan entitas asosiasi subsidiary and associates
dengan investor lain atau with other investors or
kepentingan nonpengendali (180.083) (181.965) non-controlling interest
Jumlah 233.700 213.535 Total
34. Saldo Laba yang Ditentukan Penggunaannya 34. Appropriated Retained Earnings
Pada tanggal 31 Desember 2025 dan 2024, saldo As at December 31, 2025 and 2024, outstanding
laba yang ditentukan penggunaannya masing- appropriated retained earnings for general reserve
masing sebesar Rp791.607. Cadangan umum ini amounted to Rp791,607. These general reserve
dibentuk sehubungan dengan ketentuan Undang- are established in connection with Law No.
Undang No. 40/2007 tanggal 16 Agustus 2007 40/2007 dated August 16, 2007 about Limited
tentang Perseroan Terbatas. Company.
- 165 -
Page 537
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
35. Pendapatan Bunga dan Bagi Hasil 35. Interest and Profit Sharing Income
2025 2024
Investasi jangka pendek 2.823.942 2.864.086 Short-term investments
Kredit 1.250.619 1.988.549 Loans
Pembiayaan multiguna 455.963 500.637 Multipurpose financing
Deposito berjangka 186.801 219.953 Time deposits
Penempatan pada bank lain 148.149 81.970 Placement in other banks
Piutang pembiayaan modal Working capital financing
kerja skema anjak piutang 129.035 154.670 with factoring scheme
Efek yang dibeli dengan janji Securities purchased under
jual kembali 75.911 10.836 agreements to resell
Investasi sewa neto 63.736 70.778 Rental investment - net
Pinjaman hipotik 3.395 1.137 Mortgage receivables
Jumlah 5.137.551 5.891.616 Total
Lain-lain merupakan pendapatan bunga pinjaman Others represent policy loan interest income.
polis.
36. Penjualan 36. Sales
Akun ini merupakan penjualan mata uang asing This account represent sales of foreign currencies
oleh SMC, entitas anak. by SMC, a subsidiary.
37. Pendapatan Lain-lain 37. Other Income
Lain-lain meliputi pendapatan investasi, Others include investment income, outsourcing
pendapatan outsourcing, pendapatan non income, non operating income, subordinated
operasional, pendapatan bunga subordinasi dan interest income and foreign currency.
selisih kurs.
38. Beban Umum dan Administrasi 38. General and Administrative Expenses
2025 2024
Keperluan kantor 970.705 548.790 Office supplies
Penyusutan (Catatan 18 dan 19) 446.558 501.517 Depreciation (Notes 18 and 19)
Pemasaran dan iklan 152.121 181.449 Marketing and advertising
Listrik, air dan telepon 133.916 196.312 Electricity, water, and telephone
Jasa profesional 70.125 68.033 Professional fees
Imbalan kerja jangka Defined-benefit post
panjang - bersih 30.660 78.210 employment expense - net
Sewa 11.473 26.758 Rental
Lainnya 142.877 623.417 Others
Jumlah 1.958.435 2.224.494 Total
Lain-lain meliputi beban organisasi, beban Others include membership fee, jamsostek
jamsostek, beban seleksi karyawan, beban expense, employee selection expense, bank
administrasi bank, beban asuransi, beban lisensi, administration expense, insurance expense,
beban terkait dokumen pajak dan biaya survei. license expense, tax-related document expense,
and survey expense.
- 166 -
Page 538
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
39. Beban Bunga dan Bagi Hasil 39. Interest and Profit Sharing Expenses
2025 2024
Pinjaman yang diterima 1.056.769 1.067.425 Loans received
Simpanan dan simpanan Deposits and deposits
dari bank lain 1.017.072 962.307 from other banks
Premi penjaminan Premiums on Government
Pemerintah 114.421 117.013 guarantee
Lain-lain 43.722 83.041 Others
Jumlah 2.231.984 2.229.786 Total
Lain-lain meliputi beban bunga repo dan beban Others include interest expenses of repo and
bunga call money. interest expenses of call money
40. Beban Lain-lain 40. Other Expenses
Lain-lain meliputi beban IT, kesalahan manusia, Others include IT Expense, human error, writte of
beban penghapusan piutang lain-lain, dan beban other receivables and corporate social
tanggung jawab sosial. responsibility expense.
41. Imbalan Kerja Jangka Panjang 41. Long Term Employee Benefits Liability
Mulai tanggal 2 Februari 2021, Grup melakukan Starting from February 2, 2021, the Group
perhitungan liabilitas imbalan kerja jangka calculated the employee benefit liabilities based on
berdasarkan Undang-Undang No. 11 Tahun 2020 the Law No. 11 of 2020 on Job Creation (the “Job
tentang Cipta Kerja (“Undang-Undang Cipta Kerja”) Creation Law”) and Government Regulation No. 35
dan peraturan Pemerintah No. 35 Tahun 2021 of 2021 regarding fixed-term employment contract,
tentang Perjanjian Kerja Waktu Tertentu, Alih outsourcing, work time and rest time, and
Daya, Waktu Kerja dan Waktu Istirahat, dan employment termination. Before Government
Pemutusan Hubungan Kerja. Sebelum Peraturan Regulation No. 35 of 2021 was enacted, the
Pemerintah No. 35 Tahun 2021 diberlakukan, calculation of employee benefit liabilities was based
perhitungan liabilitas imbalan kerja didasarkan on Law No. 13 of 2003.
pada Undang-Undang No. 13 Tahun 2003.
Presiden Republik Indonesia telah menetapkan The President of the Republic of Indonesia has
Peraturan Pemerintah Pengganti Undang-Undang issued Government Regulation in Lieu of Law No. 2
No. 2 Tahun 2022 tentang Cipta Kerja (Perppu of 2022 concerning Job Creation (Perppu Cipta
Cipta Kerja 2/2022) pada tanggal 30 Desember Kerja 2/2022) on December 30, 2022 which is the
2022 yang merupakan pelaksanaan dari Putusan implementation of the Constitutional Court Decision
MK Nomor 91/PUU-XVIII/2020. Dengan berlakunya Number 91/PUU-XVIII/2020. With the enactment of
Perppu ini, UU No. 11/2020 tentang Cipta Kerja this Perppu, Law No. 11/2020 concerning Job
dicabut dan dinyatakan tidak berlaku. Creation is repealed and declared invalid.
Untuk pendanaan imbalan kerja jangka panjang To fund these long-term employee benefits, the
tersebut, Grup menyelenggarakan program dana Group operates a defined benefit pension plan for
pensiun manfaat pasti untuk seluruh karyawan all qualified permanent employees. The benefits
tetap yang memenuhi syarat. Imbalan tersebut will be paid at the time the employee retires, is
akan dibayarkan pada saat karyawan pensiun, permanently disabled or is terminated.
cacat tetap atau diberhentikan.
Perhitungan aktuaria atas liabilitas imbalan kerja The actuarial calculation of long-term employee
jangka panjang adalah berdasarkan laporan benefit liabilities is based on the report of an
aktuaris independen. independent actuary.
- 167 -
Page 539
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Perusahaan, BS, SMF, SMS dan ASM telah The Company, BS, SMF, SMS and ASM has
menunjuk ASJ untuk mengelola program pensiun appointed ASJ to manage the pension program
tersebut melalui Dana Pensiun Lembaga through the Simas Jiwa Financial Institution
Keuangan Simas Jiwa, yang pendiriannya telah Pension Fund, the establishment of which was
disahkan menurut Keputusan Dewan Komisioner approved according to Decision of the Financial
Otoritas Jasa Keuangan No. KEP-61/NB.1/2018 Services Authority Commissioner Board No. KEP-
tanggal 16 Oktober 2018 mengenai Pengesahan 61/NB.1/2018 dated October 16, 2018 concerning
atas Peraturan Dana Pensiun dari Dana Pensiun Ratification of the Pension Fund Regulation from
Lembaga Keuangan (DPLK) Simas Jiwa. the Financial Institution Pension Fund (DPLK)
Simas Jiwa.
Jumlah-jumlah yang diakui dalam laporan laba rugi Amounts recognised in the consolidated statement
dan penghasilan komprehensif lain konsolidasian of profit or loss and other comprehensive income in
sehubungan dengan imbalan pasti adalah sebagai respect of this benefit plans are as follows:
berikut:
2025 2024
Biaya jasa kini 23.515 53.086 Current service costs
Biaya bunga neto 10.793 12.370 Net interest expense
Biaya jasa lalu (2.570) (489) Past service cost-vested
Pendapatan bunga (1.078) (4.301) Interest income
Penyesuaian aktuaria sebagai Actuarial adjustments as
dampak pemisahan karyawan - 17.544 impact of employee separation
Komponen biaya imbalan pasti Components of defined benefits
yang diakui di laba rugi 30.660 78.210 costs recognised in profit or loss
Pengukuran kembali liabilitas Remeasurement on the defined
imbalan pasti yang diakui di benefit liability recognised in other
penghasilan komprehensif lain (71.400) 24.083 comprehensive income
Jumlah (40.740) 102.293 Total
Biaya imbalan pasti untuk tahun berjalan disajikan Long-term employee benefit expense for during the
sebagai bagian dari “Beban umum dan years is presented as part of “General and
administrasi” pada laba rugi (Catatan 41). administrative expenses” in profit or loss (Note 41).
Mutasi nilai kini liabilitas imbalan kerja jangka Movements of long-term employee benefits liability
panjang yang diakui di laporan posisi keuangan are as follows:
konsolidasian adalah sebagai berikut:
2025 2024
Liabilitas imbalan kerja jangka panjang Long-term employee benefits
pada awal tahun 164.850 130.174 at the beginning of the year
Beban imbalan kerja jangka panjang Long-term employee benefits
tahun berjalan 48.567 78.210 expense during the year
Pengukuran kembali liabilitas Remeasurement of defined
imbalan pasti 71.400 24.083 benefit liability
Pengaruh pembatasan aset
tahun berjalan Effect of assets ceiling during the year
Pembayaran imbalan kerja jangka panjang (25.845) (553) Benefits payment during the year
Iuran Grup (1.855) (67.064) Group's contribution
Liabilitas imbalan kerja jangka Long-term employee benefits
panjang pada akhir tahun 239.210 164.850 liabilities at the end of the year
Asumsi-asumsi aktuarial utama yang digunakan Principal actuarial assumptions used in the
dalam perhitungan imbalan kerja jangka panjang valuation of the long-term employee benefits are as
adalah sebagai berikut: follows:
2025 2024
Tingkat kenaikan gaji 2,38% - 9,28% 2,38% - 8,00% Future salary increase
Tingkat diskonto -8,26% - 8,00% 6,60% - 7,15% Discount rate
- 168 -
Page 540
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Analisa sensitivitas dari perubahan asumsi-asumsi The sensitivities of the overall long-term employee
utama terhadap liabilitas imbalan kerja jangka benefits liability as at December 31, 2025 and 2024
panjang pada tanggal 31 Desember 2025 dan 2024 to changes in the principal assumptions are as
adalah sebagai berikut: follows:
31 Desember/December 31, 2025
Dampak terhadap liabilitas imbalan pasti/
Impact on Defined Benefit Liability
Perubahan Kenaikan Penurunan
Asumsi/ Asumsi/ Asumsi/
Changes Increase Decrease
in Assumptions in Assumptions in Assumptions
Tingkat diskonto 1% 14.454 17.939 Discount rate
Tingkat pertumbuhan gaji 1% 19.720 15.932 Salary increase rate
31 Desember/December 31, 2024
Dampak terhadap liabilitas imbalan pasti/
Impact on Defined Benefit Liability
Perubahan Kenaikan Penurunan
Asumsi/ Asumsi/ Asumsi/
Changes Increase Decrease
in Assumptions in Assumptions in Assumptions
Tingkat diskonto 1% (17.448) 19.444 Discount rate
Tingkat pertumbuhan gaji 1% 24.184 (11.018) Salary increase rate
42. Pajak Penghasilan 42. Income Taxes
Beban pajak Grup terdiri dari: The tax expense of the Group consists of the
following:
2025 2024
Beban pajak kini Current tax expense
Perusahaan 4.371 1.866 The Company
Entitas anak 125.425 235.126 Subsidiaries
Jumlah 129.796 236.992 Total
Beban (manfaat) pajak tangguhan Deferred tax expense (benefit)
Perusahaan (147) (43) The Company
Entitas anak 221.871 (14.596) Subsidiaries
Jumlah 221.724 (14.639) Total
Jumlah 351.520 222.353 Total
Pajak Kini Current Tax
Rekonsiliasi antara laba sebelum pajak A reconciliation between profit before tax per
penghasilan menurut laporan laba rugi dan consolidated statements of profit or loss and other
penghasilan komprehensif lain konsolidasian comprehensive income and taxable income
dengan laba kena pajak adalah sebagai berikut: follows:
2025 2024
Laba sebelum pajak menurut Profit before tax per consolidated
laporan laba rugi dan statements of profit
penghasilan komprehensif or loss and other
lain konsolidasian 2.455.504 1.119.636 comprehensive income
Dikurangi: Deduct:
Laba sebelum pajak entitas anak (2.431.559) (1.183.825) Profit before tax of the subsidiaries
Laba (rugi) sebelum pajak perusahaan 23.945 (64.189) Profit (loss) before tax of the Company
- 169 -
Page 541
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2025 2024
Perbedaaan temporer: Temporary differences:
Imbalan kerja jangka panjang 670 194 long-term employee benefits
Perbedaaan tetap: Permanent differences:
Beban umum dan administrasi 787.243 641.088 General and administrative expenses
Beban penyusutan aset tetap 6.668 35.216 Depreciation expense
Beban sewa 4.327 4.335 Rent expenses
Beban lain-lain 11.713 11.696 Other expenses
Rugi (Laba) selisih kurs (70.232) (34.211) Loss on foreign exchange
Pendapatan sewa (9.569) (11.139) Rent income
Pendapatan bunga (39.460) (69.793) Interest income
Kerugian (keuntungan) dari Gain from investment in units
investasi pada unit reksa dana (122.082) (6.552) of mutual funds
Pendapatan dividen (547.571) (276.899) Dividend income
Pendapatan atas penjualan Income from sale of short
Investasi jangka pendek (28.734) (223.855) term investment
Kerugian penurunan nilai piutang 2.950 2.591 Loss on impairment of receivables
Jumlah (4.747) 72.477 Total
Laba kena pajak 19.869 8.482 Taxable profit
Beban pajak kini 4.371 1.866 Current tax expense
Pajak dibayar dimuka 4.239 1.845 Prepaid taxes
Jumlah utang pajak kini 132 21 Current tax payable amount
Rincian utang pajak kini Details of current tax payable:
Perusahaan 132 21 The Company
Entitas anak 44.311 24.079 Subsidiaries
Jumlah utang pajak Current tax payable
kini (Catatan 26) 44.443 24.100 amount (Note 26)
Grup telah menerapkan tarif pajak penghasilan The Group has applied 22% corporate income tax
badan 22% dalam perhitungan pajak kini dan pajak rate in computing current taxes and deferred tax.
tangguhannya.
Aset dan liabilitas pajak tangguhan Grup tanggal The Group's deferred tax assets and liabilities as at
31 Desember 2025 dan 2024 telah dihitung December 31, 2025 and 2024 have been
menggunakan tarif pajak yang diperkirakan berlaku calculated using the tax rates that are expected to
pada saat realisasi aset dan liabilitas pajak apply when the deferred tax assets and liabilities
tangguhan. are realized.
Pajak Tangguhan Deferred Tax
Dikreditkan (dibebankan) ke/
Credit (charged) to
Penghasilan
Komprehensif
1 Januari/ Lain/Other 31 Desember/
January Laba rugi Comprehensive December
2025 Profit and loss Income 2025
Aset Pajak Tangguhan Deferred Tax Assets
Perusahaan The Company
Imbalan kerja jangka Long-term employee
panjang - 147 (147) - benefits
Entitas anak 465.698 (214.625) 5.445 251.073 Subsidiaries
Jumlah 465.698 (214.478) 5.298 251.073 Total
Liabilitas Pajak Tangguhan Deferred Tax Liabilities
Entitas anak (8.234) (43.195) 13.895 (37.534) Subsidiaries
- 170 -
Page 542
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Dikreditkan (dibebankan) ke/
Credit (charged) to
Penghasilan
Komprehensif
1 Januari/ Lain/Other 31 Desember/
January Laba rugi Comprehensive December
2024 Profit and loss Income 2024
Aset Pajak Tangguhan Deferred Tax Assets
Perusahaan The Company
Imbalan kerja jangka Long-term employee
panjang - 43 (43) - benefits
Entitas anak 375.773 13.611 76.314 465.698 Subsidiaries
Jumlah 375.773 13.654 76.271 465.698 Total
Liabilitas Pajak Tangguhan Deferred Tax Liabilities
Entitas anak (4.765) 985 (4.454) (8.234) Subsidiaries
Manajemen berkeyakinan bahwa aset pajak Management believes that deferred tax assets
tangguhan yang timbul dari perbedaan temporer arising on temporary difference can be realized in
tersebut dapat direalisasi di masa yang akan the future.
datang.
Rekonsiliasi antara beban pajak dan hasil perkalian A reconciliation between the total tax expense and
laba akuntansi sebelum pajak dengan tarif pajak the amounts computed by applying the effective
yang berlaku dalam laporan laba rugi dan tax rates to profit before tax per consolidated
penghasilan komprehensif lain konsolidasian statements of profit or loss and other
adalah sebagai berikut: comprehensive income follows:
2025 2024
Laba sebelum pajak menurut Profit before tax per consolidated
laporan laba rugi dan statements of profit
penghasilan komprehensif or loss and other
lain konsolidasian 2.455.504 1.119.636 comprehensive income
Dikurangi: Deduct:
Laba sebelum pajak entitas anak (2.431.559) (1.183.825) Profit before tax of the subsidiaries
Laba (rugi) sebelum pajak perusahaan 23.945 (64.189) Profit (loss) before tax of the Company
Beban pajak atas dasar tarif Tax expense at effective
pajak yang berlaku 5.268 (14.122) tax rates
Pengaruh pajak atas Tax effects of permanent
perbedaan tetap: differences:
Beban umum dan General and administrative
administrasi 173.193 141.039 expenses
Beban penyusutan aset tetap 1.467 7.747 Depreciation expense
Beban sewa 952 954 Rent expenses
Beban lain-lain 2.576 2.573 Other expenses
Laba selisih kurs (15.451) (7.526) Gain on foreign exchange
Pendapatan sewa (2.105) (2.450) Rent income
Pendapatan bunga (8.681) (15.354) Interest income
Kerugian (keuntungan) dari Gain from investment in units
investasi pada unit reksa dana (26.858) (1.441) of mutual funds
Pendapatan dividen (120.466) (60.918) Dividend income
Pendapatan atas penjualan Income from sale of short
investasi jangka pendek (6.321) (49.248) term investment
Laba selisih kurs Gain on foreign exchange
Kerugian penurunan nilai Loss on impairment of
piutang 649 570 receivables
Jumlah (1.044) 15.945 Total
Penyesuaian atas aset pajak Adjustments to deferred
tangguhan atas laba (rugi) tax assets for unknown
fiscal yang tidak diketahui - 1.866 fiscal income (loss)
Beban pajak Perusahaan 4.223 (43) Tax expense of the Company
- 171 -
Page 543
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2025 2024
Beban (penghasilan) pajak Tax expense (income) of the
Perusahaan 4.223 (43) Company
Beban (penghasilan) pajak Tax expense (income) of the
entitas anak 347.297 222.396 subsidiaries
Jumlah 351.520 222.353 Total
43. Laba per Saham 43. Basic Earnings Per Share
2025 2024
Laba bersih untuk Net profit for computation
Perhitungan laba of basic earnings
per saham dasar 2.045.644 957.875 per share
Jumlah rata-rata Total weighted average
saham tertimbang number of shares for
untuk perhitungan computation of basic
laba per saham dasar 6.367.664.717 6.367.664.717 earnings per share
Laba bersih per
saham dasar Basic earnings per share
(dalam Rupiah penuh) 321 150 (in full Rupiah)
44. Sifat dan Transaksi Berelasi 44. Nature of Relationship and Transactions with
Related Parties
Sifat Berelasi Nature of Relationships with Related Parties
Sifat dari hubungan/ Pihak berelasi/ Sifat dari transaksi/
Nature of relationship Related parties Nature of transactions
Perusahaan yang dikendalikan oleh anggota PT Wijaya Pratama Raya Simpanan nasabah, beban bunga dan bagi hasil/
keluarga dekat pemegang saham dan Deposits of customer, interest and profit sharing
manajemen kunci Perusahaan/ expense
The Company who controlled by close family of
shareholders and the key management
PT Wahana Inti Nusantara Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Universal Transindo Mas Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Trisula Kencana Sakti Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Transkarya Usahamaju Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Taruna Cipta Kencana Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Tapian Nadenggan Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Swakarya Adhi Usaha Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Surya Kalimantan Sejati Simpanan nasabah, beban bunga dan bagi hasil/
Dua Deposits of customer, interest and profit sharing
expense
PT Surya Inter Wisesa Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
- 172 -
Page 544
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Sifat dari hubungan/ Pihak berelasi/ Sifat dari transaksi/
Nature of relationship Related parties Nature of transactions
PT Super Wahana Tehno Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Sunshine Network Pte Ltd Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Summit Oto Finance Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Sumber Indah Perkasa Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Sumalindo Hutani Jaya Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Soci Mas Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
SMG Management Limited Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Smartfren Telecom Tbk Aset lain-lain, penjaminan emisi efek, simpanan
nasabah, pendapatan underwriting asuransi,
pendapatan jasa penjaminan emisi dan perantara
pedagang efek serta manajer investasi, pendapatan
jasa biro administrasi efek, beban underwriting
asuransi,beban bunga dan bagi hasil/
Other assets, underwriting, deposits of customer,
underwriting insurance income, stock brokerage
underwriting and investment management income,
securities administration fee, underwriting insurance
expenses, interest and profit sharing expense
PT Sks Listrik Kalimantan Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Sinarwijaya Ekapratista Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Sinarmas Tunggal Aset lain-lain, simpanan nasabah, beban bunga dan
bagi hasil/
Other assets, deposits of customer, interest and profit
sharing expense
PT Sinarmas Respati Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Sinarmas Rendranusa Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Sinarmas Logistic Sejahtera Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Sinarmas Bio Energy Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Sinarindo Gerbangmas Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Sinar Usaha Marga Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Sinar Usaha Mahitala Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Sinar Syno Kimia Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Sinar Mas Wisesa Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Sinar Mas Ventura Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
- 173 -
Page 545
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Sifat dari hubungan/ Pihak berelasi/ Sifat dari transaksi/
Nature of relationship Related parties Nature of transactions
PT Sinar Mas Teladan Simpanan nasabah, aset lain-lain, beban bunga dan
bagi hasil/Deposits of customer, other assets, interest
and profit sharing expense
PT Sinar Mas Super Air Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Sinar Mas Specialty Simpanan nasabah, beban bunga dan bagi hasil/
Minerals Deposits of customer, interest and profit sharing
expense
PT Sinarmas Penjamin kredit Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Sinar Mas Cakrawala Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Sinar Mas Agro Resources Investasi jangka pendek, simpanan nasabah,
and Technology Tbk pendapatan underwriting asuransi, pendapatan jasa
biro administrasi efek, beban bunga dan bagi hasil/
Short term investment, deposits of customer,
underwriting insurance income, securities
administration fee income, interest and profit sharing
expense
PT Sinar Kencana Inti Perkasa Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Sinar Kencana Intermoda Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Simas Reinsurance Broker Piutang reasuransi, piutang lain-lain, utang asuransi,
simpanan nasabah, beban bunga dan bagi hasil/
Reinsurance receivable, other receivables, insurance
payable, deposits of customer, interest and profit
sharing expense
PT SGMW Multifinance Simpanan nasabah, beban bunga dan bagi hasil/
Indonesia Deposits of customer, interest and profit sharing
expense
PT Sehatq Harsana Emedika Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Sawit Mas Sejahtera Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Satya Kisma Usaha Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Saranapapan Ekasejati Aset lain-lain, simpanan nasabah, beban bunga dan
bagi hasil/
Other assets, deposits of customer, interest and profit
sharing expense
PT Samakta Mitra Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Sabang Pakubuwono Tiga Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Sabang Pakubuwono Satu Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Royal Oriental Simpanan nasabah, aset lain-lain, beban bunga dan
bagi hasil/
Deposits of customer, other assets, interest and profit
sharing expense
PT Roundhill Watala Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Roundhill Capital Indonesia Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Rolimex Kimia Nusamas Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Reasuransi Nusantara Simpanan nasabah, beban bunga dan bagi hasil/
Makmur Deposits of customer, interest and profit sharing
expense
- 174 -
Page 546
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Sifat dari hubungan/ Pihak berelasi/ Sifat dari transaksi/
Nature of relationship Related parties Nature of transactions
PT Ramajaya Pramukti Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Purimas Sasmita Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Propertindo Prima Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Praba Selaras Pratama Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Plaza Indonesia Realty Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Phinisindo Zamrud Simpanan nasabah, beban bunga dan bagi hasil/
Nusantara Deposits of customer, interest and profit sharing
expense
PT Petro Sinar Mas Kondensat Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Perwita Margasakti Aset lain-lain, simpanan nasabah/Other assets,
deposits of customer
PT Perusahaan Perkebunan Simpanan nasabah, beban bunga dan bagi hasil/
Panigoran Deposits of customer, interest and profit sharing
expense
PT Pembangunan Deltamas Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Paraga Arthamida Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Oto Multiartha Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Oriente Mas Sejahtera Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Mp Leidong West Indonesia Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Menara Madju Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Mekanusa Cipta Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Mega Nusa Inti Sawit Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Matra Olah cipta Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Maligi Permata Industrial Simpanan nasabah, beban bunga dan bagi hasil/
Estate Deposits of customer, interest and profit sharing
expense
PT Langgeng Kreasitama Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Kuansing Inti Makmur Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Kresna Duta Agroindo Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Kreasi Mas Indah Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Kookmin Best Insurance Simpanan nasabah, piutang pembiayaan sewa,
Indonesia pendapatan bunga dan bagi hasil, beban bunga dan
bagi hasil/
Deposits of customer, finance lease receivable,
interest and profit sharing income, interest and profit
sharing expense
- 175 -
Page 547
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Sifat dari hubungan/ Pihak berelasi/ Sifat dari transaksi/
Nature of relationship Related parties Nature of transactions
PT Kencana Graha Permai Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Kembangan Permai Simpanan nasabah, beban bunga dan bagi hasil/
Development Deposits of customer, interest and profit sharing
expense
PT Karya Cemerlang Persada Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Karawang Tatabina Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Karawang Bukit Golf Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Ivo Mas Tunggal Premi asuransi, simpanan nasabah, kredit, beban
underwriting asuransi/Premium insurance, deposits of
customer, credit, insurance underwriting expense
PT Inti Tekno Sukses Bersama Simpanan nasabah, aset lain-lain, beban bunga dan
bagi hasil/
Deposits of customer, other assets, interest and profit
sharing expense
PT. Harapan Anang Bakri & Simpanan nasabah, aset lain-lain, beban bunga dan
Sons bagi hasil/Deposits of customer, other assets, interest
and profit sharing expense
PT Inter Sarana Prabawa Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Innovate Mas Indonesia Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Indah Suryasari Wijaya Simpanan nasabah, beban bunga dan bagi hasil/
Limantara Deposits of customer, interest and profit sharing
expense
PT Dami Mas Sejahtera Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Celesta Prime Technology Simpanan nasabah, beban bunga dan bagi hasil/
Pte Ltd Deposits of customer, interest and profit sharing
expense
PT Catur Paramita Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Cahayanusa Gemilang Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Bungo Bara Utama Jakarta Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Bumipermai Lestari Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Bumimas Ekapersada Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Bumi Serpong Damai Tbk Investasi jangka pendek, aset lain-lain, simpanan
nasabah, pendapatan underwriting asuransi, beban
underwriting asuransi, pendapatan jasa biro
administrasiefek, beban bunga dan bagi hasil/
Short term investment, other assets, deposits of
customer, underwriting insurance income,
underwriting insurance expense, securities
administration fee income, interest and profit sharing
expense
PT Duta Pertiwi Tbk Simpanan nasabah, aset lain-lain, beban bunga dan
bagi hasil/
Deposits of customer, other assets, interest and profit
sharing expense
PT Bumi Sawit Permai Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Bumi Permai Lestari Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
- 176 -
Page 548
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Sifat dari hubungan/ Pihak berelasi/ Sifat dari transaksi/
Nature of relationship Related parties Nature of transactions
PT Bumi Parama Wisesa Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Bumi Megah Graha Asri Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Bumi Karawang Damai Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Bumi Indah Asri Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Buana Wiralestari Mas Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Buana Bumi Energi Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Buana Adhitama Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Borneo Indobara Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Bintang Rajawali Perkasa Simpanan nasabah, investasi dalam saham, ekuitas
pada laba entitas asosiasi, pendapatan Lain-lain,
beban bunga dan bagi hasil/Deposits of customer,
investment in share, gain from equity of associates,
other income, interest and profit sharing expense
PT Bina Sinar Amity Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Bhakti Manunggal Karya Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Berau Coal Energy Tbk Simpanan nasabah, pendapatan bunga dan bagi
hasil, pendapatan jasa biro administrasi efek, beban
bunga dan bagi hasil/
Deposits of customer, interest income, securities
administration fee income, interest and profit sharing
expense
PT Berau Coal Simpanan nasabah, pendapatan bunga dan bagi
hasil, beban bunga dan bagi hasil/ Deposits of
customer, working capital financing with factoring
receivable, interest and profit sharing income, interest
and profit sharing expense
PT Balai Lelang Sinarmas Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Asia Trade Logistics Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Arara Abadi Premi asuransi, Simpanan nasabah, pendapatan
underwriting asuransi, beban bunga dan bagi hasil/
Deposits of customer, underwriting insurance income,
interest and profit sharing expense
PT App International Marketing Simpanan nasabah, beban bunga dan bagi hasil/
Pte Ltd Deposits of customer, interest and profit sharing
expense
PT Sinar Mas Tjipta Beban umum dan administrasi/General and
administration
PT Anugerah Pertiwi Sejahtera Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Andalan Mas Sejahtera Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Argha Karya Prima Industry Simpanan nasabah, beban bunga dan bagi hasil/
Tbk Deposits of customer, interest and profit sharing
expense
PT Agropalma Sejahtera Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Agrolestari Mandiri Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
- 177 -
Page 549
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Sifat dari hubungan/ Pihak berelasi/ Sifat dari transaksi/
Nature of relationship Related parties Nature of transactions
Hubungan keluarga, akan tetapi tidak PT Sadang Mas Simpanan nasabah, beban bunga dan bagi hasil/
mempunyai: (i) pengaruh signifikan; (ii) Deposits of customer, interest and profit sharing
kesamaan pengendalian dan kepemilikan/ expense
Family relationships, however, do not have:
(i) a significant influence; (ii) equality of
control and ownership
PT Purinusa Ekapersada Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Pindo Deli Pulp And Paper Investasi jangka pendek, Simpanan nasabah,
Mills pendapatan underwriting asuransi, pendapatan jasa
penjaminan emisi dan perantara pedagang efek serta
manajer investasi, beban bunga dan bagi hasil/
Short term investment, deposits of customer,
underwriting insurance income, stock brokerage,
underwriting and investment management income,
interest and profit sharing expense
PT Pelayaran Utama Simpanan nasabah, beban bunga dan bagi hasil/
Karyamaju Deposits of customer, interest and profit sharing
expense
PT Paramitra Gunakarya Simpanan nasabah, beban bunga dan bagi hasil,
Cemerlang piutang, sewa pembiayaan/Deposits of customer,
interest and profit sharing expense
PT Paramitra Abadimas Simpanan nasabah, beban bunga dan bagi hasil/
Cemerlang Deposits of customer, interest and profit sharing
expense
PT Pabrik Kertas Tjiwi Kimia Investasi jangka pendek, Simpanan nasabah,
Tbk pendapatan underwriting asuransi, pendapatan jasa
biro administrasi efek/
Short term investment, deposits of customer,
underwriting insurance income, securities
administration fee
PT Oki Pulp and Paper Mills Simpanan nasabah, pendapatan jasa penjaminan
emisi dan perantara pedagang efek serta manajer
investasi, beban bunga dan bagi hasil/
Deposits of customer, stock brokerage, underwriting
and investment management income, interest and
profit sharing expense
PT Oji Sinar Mas Packaging Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Lontar Papyrus Pulp & Simpanan nasabah, pendapatan underwriting
Paper Industry asuransi, pendapatan jasa penjaminan emisi dan
perantara pedagang efek serta manajer investasi,
beban bunga dan bagi hasil/Deposits of customer,
underwriting insurance income, stock brokerage,
underwriting and investment management income,
interest and profit sharing expense
PT Kreasi Kotak Megah Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Konverta Mitra Abadi Simpanan nasabah, pendapatan bunga dan bagi
hasil, beban bunga dan bagi hasil/Deposits of
customer, interest income, interest and profit sharing
expense
PT Kati Kartika Murni Simpanan nasabah, pendapatan bunga dan bagi
hasil, beban bunga dan bagi hasil/Deposits of
customer, interest income, interest and profit sharing
expense
PT Asia Paperindo Perkasa Simpanan nasabah, pendapatan bunga dan bagi
hasil, beban bunga dan bagi hasil/Deposits of
customer, interest and profit sharing income, interest
and profit sharing expense
PT Intercipta Kimia Pratama Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
PT Dian Bestari Sejahtera Simpanan nasabah, beban bunga dan bagi hasil/
Deposits of customer, interest and profit sharing
expense
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Sifat dari hubungan/ Pihak berelasi/ Sifat dari transaksi/
Nature of relationship Related parties Nature of transactions
Perusahaan yang dimiliki secara langsung PT The Univenus Premi asuransi, simpanan nasabah, pendapatan
atau tidak langsung oleh pemegang saham underwriting asuransi, beban bunga dan bagi hasil/
Perusahaan/Companies that directly and Premium insurance, deposits of customer,
indirectly owned by the Company's underwriting insurance income, interest and profit
shareholder sharing expense
PT Sinarmas Hana Finance Simpanan nasabah, piutang premi, beban bunga dan
bagi hasil/Deposits of customer, premium
receivables, interest and profit sharing expense
PT Peduli Sehat Gotong Simpanan nasabah, investasi dalam saham, aset
Royong lain-lain, bagian laba anak perusahaan dan
perusahaan asosiasi, beban bunga dan bagi hasil/
Deposits of customer, investment in share, other
assets, profit of subsidiary and associates, interest
and profit sharing expense
PT KB Insurance Indonesia Investasi dalam saham, utang asuransi, bagian laba
anak perusahaan dan perusahaan asosiasi,
pendapatan Lain-lain/
Investment in share, finance lease receivable,
insurance payable, profit of subsidiary and
associates, deposit of customer, interest and profit
sharing income, other income, interest and profit
sharing expense
PT Cakrawala Mega Indah Simpanan nasabah, pendapatan underwriting
asuransi, beban underwriting asuransi, beban bunga
dan bagi hasil/Deposits of customer, underwriting
insurance income, underwriting insurance expense,
interest and profit sharing expense
PT Asuransi Summit Oto Piutang reasuransi, simpanan nasabah, beban bunga
dan bagi hasil/Reinsurance receivable, deposits of
customer, interest and profit sharing expense
PT MSIG Life Insurance Simpanan nasabah, investasi jangka pendek,
IndonesiaTbk pendapatan jasa biro administrasi efek, pendapatan
lain-lain, beban bunga dan bagi hasil/
Deposits of customer, short term investment,
securities administration fee income, other income,
interest and profit sharing expense
Manajemen kunci Perusahaan/ Simpanan nasabah, piutang pembiayaan multiguna,
The Company's key management kredit yang diberikan, pendapatan bunga dan bagi
hasil, beban bunga dan bagi hasil/
Deposits of customer, multipurpose financing
receivables, loans, interest and profit sharing income,
interest and profit sharing expense
Manajemen kunci Grup/ Simpanan nasabah, piutang pembiayaan multiguna,
The Group's key management aset lain-lain, pendapatan bunga dan bagi hasil,
beban bunga dan bagi hasil/
Deposits of customer, multipurpose financing
receivables, other assets, interest income, interest
and profit sharing expense
Transaksi-transaksi Berelasi Transactions with Related Parties
Dalam kegiatan usahanya, Grup melakukan In the normal course of business, the Group
transaksi tertentu dengan pihak berelasi. entered into certain transactions with related
parties.
a. Saldo dalam laporan posisi keuangan a. Significant balances with related parties in the
konsolidasian yang merupakan transaksi consolidated statements of financial position
dengan pihak-pihak berelasi yang material as at consolidated statement of financial
pada tanggal laporan posisi keuangan position dates follows:
konsolidasian adalah sebagai berikut:
- 179 -
Page 551
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2025 2024
Persentase Persentase
Terhadap terhadap
Jumlah Aset/ Jumlah Aset/
Jumlah Liabilitas/ Jumlah Liabilitas/
Percentage to Percentage to
Jumlah/ Total Assets/ Jumlah/ Total Assets/
Total Total Liabilities Total Total Liabilities
ASET ASSETS
Investasi jangka
pendek 4.244.414 3,53% 5.181.316 4,42% Short-term investments
Piutang pembiayaan Multipurpose financing
multiguna 522 0,00% 615 0,00% receivables
Piutang sewa Finance lease
pembiayaan 8.357 0,01% 33.408 0,03% receivables
Piutang pembiayaan Working capital financing
modal kerja skema with factoring
anjak piutang 18.954 0,02% scheme receivables
Piutang premi dan Premium and reinsurance
reasuransi 971 0,00% receivables
Kredit yang diberikan 110.156 0,09% 104.202 0,09% Loans
Piutang lain-lain 76.730 0,06% 544.053 0,46% Other receivables
Aset lain-lain 397.838 0,33% 717.019 0,61% Other assets
Jumlah Aset 4.838.017 4,02% 6.600.538 5,63% Total Assets
LIABILITAS LIABILITIES
Simpanan dan simpanan Deposits and deposits from
dari bank lain 5.944.544 6,29% 8.422.492 9,16% other banks
Utang asuransi 433.887 0,47% Insurance payables
Liabilitas lain-lain 2.667.201 2,82% 1.500 0,00% Other liabilities
Jumlah Liabilitas 8.611.745 9,11% 8.857.879 9,63% Total Liabilities
b. Pada tanggal 31 Desember 2025 dan 2024, b. As at December 31, 2025 and 2024, the
Grup menginvestasikan dananya masing- Group invested its funds amounting to
masing sebesar Rp172.113 dan Rp137.326 Rp172,113 and Rp137,326, respectively, in
dalam unit penyertaan reksa dana yang units of mutual funds which were managed by
dikelola oleh SMS, entitas anak, sebagai SMS, a subsidiary, as investment manager
manajer investasi (Catatan 5). (Note 5).
c. Grup telah mengasuransikan properti investasi c. The Group has insured the investment
dan aset tetap pada ASM (Catatan 18 dan 19). properties and property and equipment with
ASM (Notes 18 and 19).
d. Beban gaji dan tunjangan yang telah dibayar d. The aggregate salaries and benefits paid by
oleh Grup kepada seluruh dewan komisaris the Group to all commissioners and directors
dan direksi untuk tahun 2025 dan 2024 in 2025 and 2024 amounted to Rp696,953 and
masing-masing sebesar Rp696.953 dan Rp486,659, respectively.
Rp486.659.
e. Pada tanggal 31 Desember 2025 dan 2024, e. As at December 31, 2025 and 2024, the total
saldo transaksi komitmen dan kontinjensi (L/C balance of commitments and contingencies
dan bank garansi) dengan pihak berelasi transactions (L/C and bank guarantees) with
masing-masing sebesar Rp114.779 dan related parties amounted to Rp114,779 and
Rp116.355 (Catatan 54). Rp116,355, respectively (Note 54).
f. Transaksi dengan pihak-pihak berelasi f. Transactions with related parties are
dilakukan dengan kebijakan harga dan syarat conducted with normal policies and terms, as if
normal, sebagaimana dilakukan dengan pihak done with nonrelated parties, except for
yang tidak berelasi, kecuali piutang multipurpose financing receivables to
pembiayaan multiguna kepada karyawan. employees.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
45. Aset dan Liabilitas Moneter Bersih dalam Mata 45. Net Monetary Assets and Liabilities
Uang Asing Denominated in Foreign Currencies
2025 2024
Ekuivalen/ Ekuivalen/ Ekuivalen/ Ekuivalen/
Equivalent in Equivalent in Equivalent in Equivalent in
USS Rp US$ Rp
Aset Assets
Kas dan bank 78.750.122 1.313.471 176.063.358 2.845.536 Cash and cash in banks
Investasi jangka pendek 608.737.073 10.163.395 654.701.027 10.581.278 Short term investments
Link Unit 21.991.928 369.069 - - Unit Link
Piutang premi dan Premiums and reinsurance
reasuransi (38.764.051) (650.538) 66.609.021 1.076.535 receivables
Kredit yang diberikan 16.268.337 271.275 25.615.580 413.999 Loans
Tagihan akseptasi 2.716.268 45.294 1.903.354 30.762 Acceptance receivables
Piutang lain-lain 2.258.542 37.903 1.754.053 28.349 Other receivables
Aset reasuransi 152.637.703 2.561.566 136.193.912 2.201.166 Reinsurance assets
Aset lain-lain 50.765.697 851.922 38.427.732 621.069 Other assets
Jumlah Aset 895.361.619 14.963.357 1.101.268.037 17.798.694 Total assets
Liabilitas Liabilities
Simpanan dan simpanan Deposits and deposits from
dari bank lain 241.867.898 4.033.147 463.724.910 7.494.722 other banks
Utang asuransi 25.579.629 429.277 65.962.628 1.066.088 Insurance payables
Kewajiban Kontrak Dana Segregated funds contract
Terpisah 21.783.059 365.563 11.423.772 184.631 liabilities - Unit link
Premi belum merupakan Unearned premiums
pendapatan dan and estimated
estimasi liabilitas klaim 113.988.545 1.912.956 99.940.663 1.615.241 claim liabilities
Own retention claims 67.034.312 1.124.970 - - Acceptance payables
Liabilitas akseptasi 2.717.525 45.315 1.903.354 30.762 Acceptance payables
Beban akrual 88.891 1.488 74.496 1.204 Accrued expenses
Liabilitas lain-lain 3.073.867 51.500 19.867.529 321.099 Other liabilities
Jumlah Liabilitas 476.133.726 7.964.216 662.897.352 10.713.747 Total liabilities
Jumlah Aset - bersih 419.227.893 6.999.141 438.370.685 7.084.947 Total Assets - Net
Pada tanggal 31 Desember 2025 dan 2024, kurs As at December 31, 2025 and 2024, the
konversi yang digunakan Grup diungkapkan pada conversion rates used by the Group were disclosed
Catatan 2 atas laporan keuangan konsolidasian. in Note 2 to consolidated financial statements.
46. Nilai Wajar Aset dan Liabilitas 46. Fair Value of Financial Assets and Financial
Liabilities
Tabel berikut menyajikan pengukuran nilai wajar The following table sets forth the carrying amounts
aset dan liabilitas tertentu Grup: and estimated fair values of the Group’s financial
assets and liabilities:
2025
Pengukuran nilai wajar menggunakan
Fair value measurement using:
Nilai Tercatat/
Carrying value Level 1 Level 2 Level 3
Aset yang diukur pada Assets measured at fair
nilai wajar: value
Aset keuangan yang diukur
pada nilai wajar melalui Fair value through profit
laba rugi or loss
Saham 1.656.437 1.656.437 - - Shares and warrants
Obligasi 4.163.151 4.163.151 - - Bonds
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Page 553
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2025
Pengukuran nilai wajar menggunakan
Fair value measurement using:
Nilai Tercatat/
Carrying value Level 1 Level 2 Level 3
Reksadana 11.302.448 11.302.448 - - Units of mutual fund
Aset pemegang polis Segregated funds net
unit link 19.852.080 19.852.080 - - assets - unit link
Tagihan Derivatif - - - - Derivative receivables
Aset keuangan yang diukur
pada nilai wajar melalui At fair value through other
penghasilan comprehensive
komprehensif lain income
Saham 904.327 904.327 - - Shares
Obligasi 15.309.568 15.309.568 - - Bonds
Investasi dalam saham 2.987.099 2.987.099 - - Investment in shares
Aset yang nilai wajarnya Asset for which fair values
disajikan: are disclosed
Dukur pada biaya perolehan
diamortisasi At amortized cost
Penempatan pada Bank Placement with bank
Indonesia 8.655.784 8.655.784 - - Indonesia
Obligasi 12.382.334 - 12.382.334 - Bonds
Efek-efek yang dibeli Securities purchased under
dengan janji jual Kembali 1.394.940 1.394.940 - - agreements to resell
Piutang pembiayaan Multipurpose financing
multiguna 1.262.692 - 1.262.692 - receivables
Piutang sewa pembiayaan 407.949 - 407.949 - Finance lease receivable
Kredit yang diberikan 10.857.033 - 10.857.033 - Loans
Tagihan akseptasi 161.224 - 161.224 - Acceptance receivable
Piutang pembiayaan Working capital financing
modal kerja skema with factoring scheme
anjak piutang 1.164.388 - 1.164.388 - receivables
Aset lain-lain - Setoran Other assets - security
jaminan - - deposit
Tagihan atas wesel ekspor 18.632 - 1.164.388 - Export bills receivable
Liabilitas keuangan yang Liabilities measured at fair
diukur pada nilai wajar value
Segregated fund contract
Dana pemegang polis unit link - - - - liabilities - unit link
Liabilitas derivatif - - - - Devirative liabilities
Liabilitas yang nilai Liabilities for which fair
wajarnya disajikan: value are disclosed
Diukur pada biaya perolehan
diamortisasi At amortized cost
Simpanan dan simpanan Deposits and deposits
dari bank lain 45.367.868 - 45.367.868 - from other banks
Efek-efek yang dijual Securities sold under
dengan janji beli Kembali - - - agreements
Liabilitas akseptasi 161.553 - 161.553 - Acceptance payables
Securities transaction
Utang transaksi efek 502.248 - 502.248 - payables
Surat berharga yang
diterbitkan 9.029.855 9.029.855 - - Securities issued
Pinjaman yang diterima 2.509.972 - 2.509.972 - Loans received
2024
Pengukuran nilai wajar menggunakan
Fair value measurement using:
Nilai Tercatat/
Carrying value Level 1 Level 2 Level 3
Aset yang diukur pada Assets measured at fair
nilai wajar: value
Aset keuangan yang diukur
pada nilai wajar melalui Fair value through profit
laba rugi or loss
Saham 1.992.647 1.992.647 - - Shares and warrants
Obligasi 4.587.906 4.587.906 - - Bonds
Tagihan Derivatif 27.502 27.502 - - Derivative receivables
- 182 -
Page 554
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2024
Pengukuran nilai wajar menggunakan
Fair value measurement using:
Nilai Tercatat/
Carrying value Level 1 Level 2 Level 3
Reksadana 8.106.401 8.106.901 - - Units of mutual fund
Aset pemegang polis Segregated funds net
unit link 19.323.978 19.323.978 - - assets - unit link
Tagihan Derivatif 1.855 1.855 - - Derivative receivables
Aset keuangan yang diukur
pada nilai wajar melalui At fair value through other
penghasilan comprehensive
komprehensif lain income
Saham 1.793.751 1.793.751 - - Shares
Obligasi 14.762.253 14.762.253 - - Bonds
Investasi dalam saham 2.703.631 2.703.631 - - Investment in shares
Aset yang nilai wajarnya Asset for which fair values
disajikan: are disclosed
Dukur pada biaya perolehan
diamortisasi At amortized cost
Penempatan pada Bank Placement with bank
Indonesia 11.106.035 11.106.035 - - Indonesia
Obligasi 6.173.184 - 6.173.184 - Bonds
Efek-efek yang dibeli Securities purchased under
dengan janji jual Kembali 192.215 192.215 - - agreements to resell
Piutang pembiayaan Multipurpose financing
multiguna 1.537.356 - 1.537.356 - receivables
Piutang sewa pembiayaan 125.516 - 125.516 - Finance lease receivable
Kredit yang diberikan 12.618.690 - 12.618.690 - Loans
Tagihan akseptasi 38.129 - 38.129 - Acceptance receivable
Piutang pembiayaan Working capital financing
modal kerja skema with factoring scheme
anjak piutang 1.474.546 - 1.474.546 - receivables
Aset lain-lain - Setoran Other assets - security
jaminan 102.920 102.920 - - deposit
Tagihan atas wesel ekspor 32.821 - 32.821 - Export bills receivable
Liabilitas keuangan yang Liabilities measured at fair
diukur pada nilai wajar value
Segregated fund contract
Dana pemegang polis unit link 20.733.020 20.733.020 - - liabilities - unit link
Liabilitas derivatif 1.746 1.746 - - Devirative liabilities
Liabilitas yang nilai Liabilities for which fair
wajarnya disajikan: value are disclosed
Diukur pada biaya perolehan
diamortisasi At amortized cost
Simpanan dan simpanan Deposits and deposits
dari bank lain 43.930.669 - 43.930.669 - from other banks
Efek-efek yang dijual Securities sold under
dengan janji beli Kembali 879.455 879.455 - - agreements
Liabilitas akseptasi 38.160 - 38.160 - Acceptance payables
Securities transaction
Utang transaksi efek 89.688 - 89.688 - payables
Surat berharga yang
diterbitkan 9.436.290 9.436.290 - - Securities issued
Pinjaman yang diterima 1.257.352 - 1.257.352 - Loans received
Nilai wajar instrumen keuangan yang The fair value of financial instruments traded in
diperdagangkan di pasar aktif adalah berdasarkan active markets is based on quoted market prices at
kuotasi harga pasar pada tanggal pelaporan. Pasar the reporting date. A market is regarded as active if
dianggap aktif apabila kuotasi harga tersedia quoted prices are readily and regularly available
sewaktu-waktu dan dapat diperoleh secara rutin from stock exchange, securities trader, broker,
dari bursa, pedagang efek atau perantara efek, industry group pricing service, or regulatory
badan penyedia jasa penentuan harga kelompok agency, and those prices represent actual and
industri atau badan pengatur, dan harga tersebut regularly occurring market transaction on an arm’s
mencerminkan transaksi pasar yang aktual dan length basis. The quoted market price used for
rutin dalam suatu transaksi yang wajar. Kuotasi financial assets held by the Group is the current bid
harga pasar yang digunakan untuk aset keuangan price. These instruments are included in Level 1.
yang dimiliki oleh Grup adalah harga penawaran
(bid price) terkini. Instrumen keuangan seperti ini
termasuk dalam hierarki Level 1.
Nilai wajar instrumen keuangan yang tidak The fair value of financial instruments that are not
diperdagangkan di pasar aktif ditentukan traded in an active market is determined by using
menggunakan teknik penilaian. Teknik penilaian ini valuation techniques. These valuation techniques
memaksimalkan penggunaan data pasar yang maximize the use of observable market data where
- 183 -
Page 555
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
dapat diobservasi yang tersedia dan sesedikit it is available and rely as little as possible on
mungkin mengandalkan estimasi spesifik yang entity’s specific estimates. If all significant inputs
dibuat oleh entitas. Jika seluruh input signifikan required to fair value an instrument are observable,
yang dibutuhkan untuk menentukan nilai wajar the instrument is included in hierarcy Level 2.
dapat diobservasi, maka instrumen tersebut
termasuk dalam hierarki Level 2.
Jika satu atau lebih input signifikan tidak diambil If one or more of the significant inputs is not based
dari data pasar yang dapat diobservasi, maka on observable market data, the instrument is
instrumen tersebut termasuk dalam hierarki included in hierarchy Level 3.
Level 3.
Teknik penilaian yang digunakan untuk mengukur Valuation technique used to measure fair value
estimasi nilai wajar Level 2 dan Level 3 adalah estimates of level 2 and level 3 is the discounted
analisa arus kas diskonto. cash flow analysis.
47. Perjanjian dan Ikatan 47. Agreements and Contracts
Perusahaan menandatangani Perjanjian Kerjasama The Company signed a Cooperation Agreement for
Penyediaan Jasa Layanan Informasi dengan the Provision of Information Services with PT Indo
PT Indo Fin Tek (IFT). Perjanjian kerjasama Fin Tek (IFT). The cooperation agreement includes
tersebut mencakup jasa layanan informasi yang information services that will be provided by the
akan disediakan Perusahaan berdasarkan Company based on requests for information
permintaan pemeriksaan informasi yang dilakukan inspection conducted by IFT through SMMA Cloud
oleh IFT melalui SMMA Cloud dan biaya jasa and information service fees. This agreement can
layanan informasi. Perjanjian ini dapat diakhiri be terminated effectively directly based on the
efektif secara langsung berdasarkan perjanjian written agreement of both parties.
tertulis kedua belah pihak.
48. Komitmen dan Kontinjensi 48. Commitments and Contingencies
a. BS, entitas anak, memiliki komitmen a. BS, a subsidiary, has commitments on
pembelian dan penjualan tunai mata uang purchases and sales of foreign currencies
asing (spot, forward dan swap) yang belum (spot, forward and swap) which have not yet
diselesaikan pada tanggal 31 Desember 2025 been realized as at December 31, 2025 and
dan 2024 adalah sebagai berikut: 2024. Details follows:
2025 2024
Pembelian tunai mata uang asing Purchase foreign currencies
(spot, forward dan swap) (spot, forward and swap)
Dolar Amerika Serikat 329.656 177.045 U.S Dollar
Yen Jepang 15.038 - Japanese Yen
Yuan China 15.007 - China Yuan
Euro 37.675 - Euro
Dolar Australia 3.346 - Australian Dollar
Jumlah 400.722 177.045 Total
Penjualan tunai mata uang asing Sell foreign currencies
(spot, forward dan swap) (spot, forward and swap)
Dolar Amerika Serikat 853.543 523.892 U.S Dollar
Yen Jepang 55.748 - Japanese Yen
Euro 35.228 - Euro
Jumlah 944.519 523.892 Total
- 184 -
Page 556
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Pada tanggal 31 Desember 2025, transaksi As of December 31, 2025, the above spot and
spot dan swap di atas akan selesai masing- swap transactions are normally settled in 1 day
masing dalam 1 hari sampai 2 hari dan 1 hari to 2 days and 1 day to 38 days, respectively.
sampai 38 hari.
Pada tanggal 31 Desember 2024, transaksi As of December 31, 2024, the above spot,
spot, forward, dan swap di atas akan selesai forward, and swap transactions are normally
masing-masing dalam 1 hari sampai 2 hari, 1 settled in 1 day to 2 days, 1 days to 40 days,
hari sampai 40 hari, dan 1 hari sampai 56 hari. and 1 day to 56 days, respectively.
b. BS memiliki tagihan dan liabilitas komitmen b. BS has commitments and contingent
dan kontinjensi dalam rangka ekspor-impor, receivables and liabilities under export-import,
pemberian garansi dan pemberian kredit guarantees and loans given to the customers
kepada nasabah dengan rincian sebagai as follows:
berikut:
2025 2024
Komitmen Commitments
Liabilitas komitmen Commitment liabilities
Fasilitas kredit kepada nasabah Unused loan commitments granted
yang belum digunakan 1.189.106 512.494 to customers
Irrevocable letter of credit 57.709 29.011 Irrevocable letter of credit
Jumlah 1.246.815 541.505 Total
Kontinjensi Contingencies
Tagihan kontinjensi Contingent receivables
Pendapatan bunga dalam Past due interest
penyelesaian 15.828 32.107 revenues
Liabilitas kontinjensi Contingent liabilities
Bank garansi 378.638 789.456 Bank guarantees issued
Jumlah - bersih (362.810) (757.349) Net
Pada tanggal 31 Desember 2025 dan 2024, saldo As of December 31, 2025 and 2024, commitment
transaksi komitmen dan kontinjensi berupa letters and contingent transactions consisting of letters of
of credit dan bank garansi dengan pihak berelasi credit and bank guarantees with related parties
masing-masing sebesar Rp50.287 dan Rp114.779 amounted to Rp50,287 and Rp114,779,
(Catatan 51). respectively (Note 51).
Pada tanggal 31 Desember 2025 dan 2024, jangka As of December 31, 2025 and 2024, the average
waktu untuk letter of credit masing-masing berkisar terms of letters of credit are from 1 month until 3
antara 1 - 3 bulan, dan 1 - 7 bulan, sedangkan months and 1 month until 7 months, respectively,
untuk bank garansi masing-masing berkisar antara while for bank guarantees are from 1 month until
2 - 60 bulan dan 1 - 60 bulan. 60 months and 2 month until 60 months,
respectively.
Saldo Letter of Credit yang dijamin dengan jaminan Letters of credit outstanding secured by cash
tunai pada tanggal 31 Desember 2025 dan 2024 collateral as of December 31, 2025 and 2024
masing-masing adalah sebesar Rp6.450 dan Rp69. amounted to Rp6,450 and Rp69, respectively.
Saldo bank garansi yang dijamin dengan jaminan Bank guarantees secured by cash collateral as of
tunai pada tanggal 31 Desember 2025 dan 2024 December 31, 2025 and 2024 amounted to
masing-masing adalah sebesar Rp252.589 dan Rp252,589 and Rp523,454, respectively.
Rp523.454.
- 185 -
Page 557
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
49. Informasi Segmen 49. Segment Information
Segmen operasi dilaporkan sesuai dengan Operating segments are reported in accordance
pelaporan internal kepada pembuat keputusan with the internal reporting to the operating decision
operasional, yang bertanggung jawab atas alokasi maker who is responsible for the allocation of
sumber daya ke masing-masing segmen yang resources to each segment are reported as well as
dilaporkan serta menilai kinerja masing-masing assess the performace of each segment.
segmen tersebut.
2025
Jasa
penjaminan
Pembiayaan emisi dan
konsumen, perantara
Piutang sewa pedagang
pembiayaan efek serta
dan anjak jasa manajer
piutang/ investasi/
Multipurpose Jasa biro Stock Pembangunan, Jumlah Jumlah
Financing, administrasi Brokerage, Perdagangan, sebelum setelah
Jasa Finance Lease, efek/ Underwriting dan Jasa/ eliminasi/ eliminasi/
Induk asuransi/ Working Securities and Property, Total Total
Perusahaan/ Insurance Capital Administration investment Perbankan/ Trading, and before Eliminasi/ after
The Company Service Financing Fee Manager Banking Service elimination Elimination elimination
Pendapatan operasional/
Operating income - 20.567.471 - 9.550 473.404 - 23.841 21.074.266 1.450 21.075.716
Pendapatan bunga dan bagi hasil/
Interest and profit sharing income 35.580 1.355.342 749.237 - 35.769 3.023.716 22.299 5.221.943 (84.391) 5.137.552
Keuntungan (kerugian) penjualan
investasi jangka pendek – bersih/
Gain (loss) on sale short term
investment - net 28.734 389.538 - - 1.129 256.906 37.186 713.493 - 713.493
Keuntungan dari investasi pada unit
reksa dana/
Gain on investments in units of
mutual fund 122.082 453.608 176 1.293 93.784 2.326 102.351 775.620 - 775.620
Keuntungan kurs mata uang
asing - bersih/
Gain on foreign exchange - net 95.999 46.661 159 - 16.856 197.395 272 357.342 (36.452) 320.890
Penyisihan (pemulihan)
penurunan nilai efek-efek/
Gain (loss) in changing in fair value
of securities - 1.720.373 - - 2.602 636 22.775 1.746.386 - 1.746.386
Bagian laba pada
entitas asosiasi/
Net income from subsidiary 2.281.472 123.754 4.542 8.642 - - 32.805 2.451.215 (2.293.756) 157.459
Pendapatan administrasi
dan komisi/
Administration fee and commission - - 59.622 - - 1.162.605 - 1.222.227 (113.870) 1.108.357
Penjualan/Sales 690.621 690.621 (3.307) 687.314
Pendapatan lain-lain/
Others income 117.672 (140.653) 228.756 79 6.503 39.317 315.155 566.829 (241.685) 325.144
Jumlah pendapatan/
Total income 2.681.539 24.516.094 1.042.492 19.564 630.047 4.682.901 1.247.305 34.819.942 (2.772.011) 32.047.931
Beban operasional/
Operating expenses - 20.773.090 - - - - - 20.773.090 (46.334) 20.726.756
Gaji dan tunjangan karyawan/
Salaries and employee benefit 22.409 51.726 220.482 6.324 138.742 1.448.069 74.652 1.962.404 - 1.962.404
Umum dan adminstrasi/
General and administrative 40.187 106.780 217.264 2.205 144.340 1.703.512 144.472 2.358.760 (400.324) 1.958.436
Bunga dan bagi hasil/
Interest and profit sharing expenses 745.999 262 333.184 - 1.948 1.210.499 7.936 2.299.828 (67.844) 2.231.984
Kerugian kurs mata uang
asing – bersih/
Losses on foreign exchange - net 25.767 16.788 (6.181) - - - 80 36.454 (36.452) 2
Beban kerugian penurunan nilai
aset keuangan dan non keuangan/
Provision for impairment losses on finance
asset and non financial asset 2.950 88.174 49.252 - 14.546 (216.143) (1.479) (62.700) - (62.700)
Beban pokok penjualan/
Cost of goods sold - - - - - - 697.603 697.603 - 697.603
Beban lain-lain/Others expenses 13.806 8.452 73.686 1.385 (15.216) 17.235 2.015.757 2.115.105 (37.161) 2.077.944
Jumlah beban operasional/
Total expenses 851.118 21.045.272 887.687 9.914 284.360 4.163.172 2.939.021 30.180.544 (588.115) 29.592.429
Laba sebelum pajak/
Income (losses) before tax 1.830.421 1.510.789 154.805 9.650 345.687 519.729 (1.691.716) 4.639.398 (2.183.896) 2.455.502
Beban pajak/Tax benefit (expense) (4.223) (45.434) (32.135) (46) (61.815) (197.299) (14.724) (355.676) 4.160 (351.516)
Laba bersih/Net income 1.826.198 1.465.355 122.670 9.604 283.872 322.430 (1.706.440) 4.283.722 (2.179.736) 2.103.986
Aset segmen/Segment assets 6.557.765 47.576.173 5.391.304 23.341 2.119.189 57.220.153 7.808.036 126.695.961 (9.570.372) 117.125.589
Investasi dalam saham/
Investment in shares 26.194.285 1.202.108 224.610 285.030 17.302 - 1.962.158 29.885.493 (26.898.395) 2.987.098
Aset yang tidak dialokasikan/
Unallocated assets 8.313 67.021 50.605 92 12.904 82.943 56.681 278.559 - 278.559
Jumlah aset/Total assets 32.760.363 48.845.302 5.666.519 308.463 2.149.395 57.303.096 9.826.875 156.860.013 (36.468.767) 120.391.246
Liabilitas segmen/
Segment liabilities 8.707.361 41.312.906 4.696.584 3.239 584.849 48.424.703 1.315.573 105.045.215 (10.713.727) 94.331.488
Liabilitas yang tidak dialokasikan/
Unallocated liabilities 518 37.852 3.568 202 31.512 52.824 22.180 148.656 - 148.656
Jumlah liabilitas /Total liabilities 8.707.879 41.350.758 4.700.152 3.441 616.361 48.477.527 1.337.753 105.193.871 (10.713.727) 94.480.144
* Aset segmen tidak termasuk pajak dibayar dimuka dan aset pajak tangguhan, sedangkan liabilitas segmen tidak termasuk utang pajak dan liabilitas pajak tangguhan/
*Segment assets are excluded prepaid tax and deferred tax asset whereas segment liabilities are excluded taxes payable and deferred tax liabilities
- 186 -
Page 558
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2024
Jasa
penjaminan
Pembiayaan emisi dan
konsumen, perantara
Piutang sewa pedagang
pembiayaan efek serta
dan anjak jasa manajer
piutang/ investasi/
Multipurpose Jasa biro Stock Pembangunan, Jumlah Jumlah
Financing, administrasi Brokerage, Perdagangan, sebelum setelah
Underwriting Finance Lease, efek/ Underwriting dan Jasa/ eliminasi/ eliminasi/
Induk asuransi/ Working Securities and Property, Total Total
Perusahaan/ Insurance Capital Administration investment Perbankan/ Trading, and before Eliminasi/ after
The Company Underwriting Financing Fee Manager Banking Service elimination Elimination elimination
Pendapatan operasional
Operating income - 17.429.749 - 8.849 533.473 - 6.556 17.978.627 (174.068) 17.804.559
Pendapatan bunga dan bagi hasil/
Interest and profit sharing income 45.276 1.329.644 774.525 - 72.026 3.757.694 14.258 5.993.423 (22.707) 5.970.716
Keuntungan (kerugian) penjualan
investasi jangka pendek – bersih/
Gain (loss) on sale short term
investment - net 217.665 243.867 - - (460) 146.827 (194.344) 413.555 - 413.555
Keuntungan dari investasi pada unit
reksa dana/
Gain on investments in units of
mutual fund 6.552 496.923 - - 3.334 (7.325) 142.698 642.182 - 642.182
Keuntungan kurs mata uang
asing - bersih/
Gain on foreign exchange - net 34.211 42.716 1.662 - 16.554 104.588 66 199.797 (35.840) 163.957
Penyisihan (pemulihan)
penurunan nilai efek-efek/
Gain (loss) in changing in fair value
of securities - (217.990) - - (1.917) 12.377 3.131 (204.399) - (204.399)
Bagian laba pada
entitas asosiasi/
Net income from subsidiary 699.658 41.661 775 7.982 - - 6.094 756.170 (654.428) 101.742
Pendapatan administrasi
dan komisi/
Administration fee and commission - - 91.920 - - 700.291 - 792.211 (72.507) 719.704
Penjualan/Sales - - - - - - 643.171 643.171 (2.998) 640.173
Pendapatan lain-lain/
Others income 135.411 (23.786) 485.934 1.214 69.804 50.798 272.871 992.246 (254.366) 737.880
Jumlah pendapatan/
Total income 1.138.773 19.342.784 1.354.816 18.045 692.814 4.765.250 894.501 28.206.983 (1.216.914) 26.990.069
Beban operasional/
Operating expenses - 17.054.141 - - - - - 17.054.141 (61) 17.054.080
Gaji dan tunjangan karyawan/
Salaries and employee benefit 23.039 621.784 221.344 7.629 114.587 1.282.544 75.551 2.346.478 - 2.346.478
Umum dan adminstrasi/
General and administrative 52.836 759.457 704.439 1.764 205.427 1.778.334 161.857 3.664.114 (737.018) 2.927.096
Bunga dan bagi hasil/
Interest and profit sharing expenses 595.855 1.499 459.695 870 1.206.381 12.730 2.277.030 (46.155) 2.230.875
Kerugian kurs mata uang
asing – bersih/
Losses on foreign exchange - net - 36.114 (396) - - - 123 35.841 (35.840) 1
Beban kerugian penurunan nilai
aset keuangan dan non keuangan/
Provision for impairment losses on finance
asset and non financial asset 7.891 12.647 413.176 - - 44.362 25.313 503.389 - 503.389
Beban pokok penjualan/
Cost of goods sold - - - - - - 661.602 661.602 - 661.602
Beban lain-lain/Others expenses 13.679 8.309 80.738 278 34 14.813 73.038 190.889 (43.977) 146.912
Jumlah beban operasional/
Total expenses 693.300 18.493.951 1.878.996 9.671 320.918 4.326.434 1.010.214 26.733.484 (863.051) 25.870.433
Laba sebelum pajak/
Income (losses) before tax 445.473 848.833 (524.180) 8.374 371.896 438.816 (115.713) 1.473.499 (353.863) 1.119.636
Beban pajak/Tax benefit (expense) (1.824) (94.383) 12.674 (207) (70.491) (68.679) (3.600) (226.510) 4.157 (222.353)
Laba bersih/Net income 443.649 754.450 (511.506) 8.167 301.405 370.137 (119.313) 1.246.989 (349.706) 897.283
Aset segmen/Segment assets 6.909.247 41.650.125 5.275.015 22.035 1.796.555 54.921.497 8.569.443 119.143.917 (6.060.768) 113.083.149
Investasi dalam saham/
Investment in shares 22.623.282 1.043.831 594.107 261.294 35.152 - 793.462 25.351.128 (21.847.734) 3.503.394
Aset yang tidak dialokasikan/
Unallocated assets 5.894 182.865 72.749 212 11.857 261.545 70.459 605.581 - 605.581
Jumlah aset/Total assets 29.538.423 42.876.821 5.941.871 283.541 1.843.564 55.183.042 9.433.364 145.100.626 (27.908.502) 117.192.124
Liabilitas segmen/
Segment liabilities 6.367.590 35.439.581 5.016.544 3.413 173.668 46.968.068 4.558.824 98.527.688 (6.757.043) 91.770.645
Liabilitas yang tidak dialokasikan/
Unallocated liabilities 786 105.717 6.824 430 15.895 71.242 14.795 215.689 - 215.689
Jumlah liabilitas /Total liabilities 6.368.376 35.545.298 5.023.368 3.843 189.563 47.039.310 4.573.619 98.743.377 (6.757.043) 91.986.334
* Aset segmen tidak termasuk pajak dibayar dimuka dan aset pajak tangguhan, sedangkan liabilitas segmen tidak termasuk utang pajak dan liabilitas pajak tangguhan/
*Segment assets are excluded prepaid tax and deferred tax asset whereas segment liabilities are excluded taxes payable and deferred tax liabilities
- 187 -
Page 559
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
50. Tujuan dan Kebijakan Manajemen Risiko 50. Financial Risk Management Objectives and
Keuangan Policies
Aktivitas Grup terpengaruh berbagai risiko The Group’s activities are exposed to a variety of
keuangan: risiko pasar (termasuk risiko mata uang financial risks: market risk (including currency risk,
asing, risiko suku bunga dan risiko harga), risiko interest rate risk and price risk), credit risk and
kredit dan risiko likuiditas. Program manajemen liquidity risk. The Group’s overall risk management
risiko Grup secara keseluruhan difokuskan pada programme focuses on the unpredictability of
pasar keuangan yang tidak dapat diprediksi dan financial markets and seeks to minimize potential
Grup menjalankan kegiatan operasional secara adverse effects on the Group’s financial
hati-hati untuk meminimalkan efek yang berpotensi performance.
merugikan kinerja keuangan Grup.
Manajemen risiko merupakan tanggung jawab Risk management is the responsibility of the Board
Direksi. Direksi bertugas menentukan prinsip dasar of Directors (BOD). The BOD has the responsibility
kebijakan manajemen risiko Grup secara to determine the basic principles of the Group’s risk
keseluruhan serta kebijakan pada area tertentu management as well as principles covering specific
seperti risiko mata uang asing, risiko suku bunga, areas, such as foreign exchange risk, interest rate
risiko harga, risiko kredit, risiko likuiditas, risiko risk, price risk, credit risk,liquidity risk, legal risk,
hukum, risiko strategis dan risiko operasional. strategic risk and operasional risk.
Dalam pelaksanaannya, penerapan manajemen In practice, implementation of risk management of
risiko Grup meliputi pengawasan aktif manajemen, the Group includes active supervision of
penerapan kebijakan dan prosedur, penetapan limit management, implementation of policies and
risiko, proses identifikasi, pengukuran dan procedures, risk limits, the process of identification,
pemantauan risiko, penerapan sistem informasi measurement and monitoring of risk,
dan pengendalian risiko serta sistem pengendalian implementation of information systems and control
internal. risk and internal control systems.
Risiko Kredit Credit Risk
Risiko kredit adalah risiko bahwa Grup akan Credit risk is the risk that the Group will incur a loss
mengalami kerugian yang timbul dari pelanggan arising from the customers or counterparties which
atau pihak lawan akibat gagal memenuhi liabilitas fail to fulfill their contractual obligations. The Group
kontraktualnya. Grup mengendalikan risiko kredit manages and controls the credit risk by dealing
dengan cara melakukan hubungan usaha dengan only with recognised and credit worthy parties,
pihak lain yang memiliki kredibilitas, menganalisa setting internal policies on verifications and
risiko kredit pelanggan baru sebelum persyaratan authorizations of credit, and regularly monitoring
pembayaran dan distribusi ditawarkan, the collectibility of receivables to reduce the
menetapkan kebijakan verifikasi dan otorisasi exposure to bad debts.
kredit, serta memantau kolektibilitas pinjaman yang
diberikan dan piutang secara berkala untuk
mengurangi jumlah piutang tak tertagih.
Kualitas kredit baik yang belum jatuh tempo atau The credit quality of financial assets that are
tidak mengalami penurunan nilai dapat dinilai neither past due nor impaired can be assessed by
dengan mengacu pada informasi historis mengenai reference to historical information about
tingkat gagal bayar debitur: counterparty default rates:
2025
Jatuh tempo
dan mengalami
Belum jatuh penurunan nilai/
Tempo/ Past due and Jumlah/
Not past due impaired Total
Kas dan bank 9.180.682 263 9.180.945 Cash and cash in banks
Investasi jangka pendek 78.249.702 189.538 78.439.240 Short-term investments
Piutang pembiayaan multiguna 1.262.692 48.889 1.311.581 Multipurpose financing receivables
Piutang pembiayaan sewa 407.949 5.689 413.638 Finance lease receivables
Piutang pembiayaan modal kerja Working capital financing with
skema anjak piutang 1.164.388 78.496 1.242.884 factoring sgcheme receivables
Kredit yang diberikan 10.857.033 753.940 11.610.973 Loans
Tagihan akseptasi 161.224 29 161.253 Acceptances receivable
Piutang transaksi efek 652.467 - 652.467 Securities transaction receivables
Piutang lain - lain 2.694.439 17.137 2.711.576 Other receivables
Aset lain-lain 5.128.539 - 5.128.539 Other assets
Jumlah 109.759.115 1.093.981 110.853.096 Total
- 188 -
Page 560
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2024
Jatuh tempo
dan mengalami
Belum jatuh penurunan nilai/
Tempo/ Past due and Jumlah/
Not past due impaired Total
Kas dan bank 8.828.002 565 8.828.567 Cash and cash in banks
Investasi jangka pendek 70.659.008 175.560 70.834.568 Short-term investments
Piutang pembiayaan multiguna 1.537.356 54.876 1.592.232 Multipurpose financing receivables
Piutang pembiayaan sewa 125.516 18.515 144.031 Finance lease receivables
Piutang pembiayaan modal kerja Working capital financing with
skema anjak piutang 1.474.546 179.637 1.654.183 factoring sgcheme receivables
Kredit yang diberikan 12.618.690 1.554.963 14.173.653 Loans
Tagihan akseptasi 38.129 15 38.144 Acceptances receivable
Piutang transaksi efek 171.354 - 171.354 Securities transaction receivables
Piutang lain - lain 3.557.261 550 3.557.811 Other receivables
Aset lain-lain 102.089 - 102.089 Other assets
Jumlah 99.111.951 1.984.681 101.096.632 Total
Berikut adalah laporan posisi keuangan The table below shows consolidated statement of
konsolidasian yang terkait risiko kredit: financial position exposures related to credit risk:
2025 2024
Jumlah bruto/ Jumlah neto/ Jumlah bruto/ Jumlah neto/
Gross amount Net amount Gross amount Net amount
Diukur pada nilai wajar At fair value through profit
melalui laba rugi and loss
Investasi jangka pendek Short-term investment - securities
- efek-efek - saham 2.154.274 2.154.274 1.992.647 1.992.647 - shares and warrants
Investasi jangka pendek Short-term investment -
- efek-efek - obligasi 5.043.225 5.043.225 4.587.906 4.587.906 securities - bonds
Investasi jangka pendek Short-term investment - securities
- efek-efek - reksadana 9.670.632 9.670.632 8.106.401 8.106.401 units of mutual fund
Investasi jangka pendek Short-term investment
- aset pemegang unit - securities unit link
link - reksadana 19.852.080 19.852.080 19.323.978 19.323.978 - units of mutual fund
Diukur pada nilai wajar
melalui penghasilan At fair value through other
komprehensif lain comprehensive income
Investasi jangka pendek Short-term investment - securities
- efek-efek - saham 904.327 904.327 1.793.751 1.793.751 shares
Investasi jangka pendek Short-term investment - securities
- efek-efek - obligasi 15.309.568 15.309.568 14.762.253 14.762.253 bonds
Investasi dalam saham 2.126.442 2.126.442 2.703.631 2.703.631 Investment in shares
Diukur pada biaya perolehan
diamortisasi At amortized cost
Kas dan bank 9.180.945 9.180.682 8.828.567 8.898.002 Cash and cash in banks
Investasi jangka pendek Short-term investment
- penempatan pada - placement
bank lain 8.656.012 8.655.784 11.106.174 11.106.035 with other banks
Investasi jangka pendek Short-term investment - time
- deposito berjangka 3.894.479 3.894.479 2.955.592 2.955.592 deposits
Investasi jangka pendek Short-term investment
- efek-efek - tagihan - securities export bill
atas wesel ekspor 13.659 13.659 32.821 32.821 receivables
Investasi jangka pendek Short-term investment - securities
- efek-efek - refinancing 300.000 300.000 - - - refinancing
Piutang pembiayaan
multiguna 1.311.581 1.262.692 1.592.232 1.537.356 Multipurpose financing receivables
Piutang sewa pembiayaan 413.638 407.949 144.031 125.516 Finance lease receivables
Piutang pembiayaan Working capital financing with
modal kerja skema factoring scheme
anjak piutang 1.242.884 1.164.388 1.654.183 1.474.546 receivables
Piutang transaksi efek 652.467 652.467 171.354 171.354 Securities transaction receivables
Piutang lain-lain 2.711.576 2.694.439 3.557.811 3.557.261 Other account receivable
Tagihan akseptasi 161.253 161.224 38.144 38.129 Acceptances receivable
Kredit yang diberikan 11.610.973 10.857.033 14.173.653 12.618.690 Loans
Aset lain-lain 5.128.539 5.128.539 102.089 102.089 Other assets
Jumlah Aset Keuangan 100.338.554 99.433.883 97.627.218 95.887.958 Total Financial Assets
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Risiko Pasar Market Risk
Risiko pasar merupakan nilai wajar atau arus kas Market risk is the risk that the fair value or future
kontraktual masa datang dari suatu instrumen contractual cash flows of a financial instrument
keuangan yang dimiliki oleh Grup akan held by the Group will be affected due to changes
terpengaruh akibat perubahan variabel pasar in market variables such as interest rates,
seperti suku bunga, nilai tukar, termasuk turunan exchange rates, including derivatives of both risks
dari kedua risiko tersebut (risiko instrumen (risks of derivative instruments).
derivatif).
a. Risiko Suku Bunga a. Interest rate risk
Risiko suku bunga Grup timbul dari kredit, The Group’s interest rate risk arises from
simpanan dan simpanan dari bank lain dan loans, deposits and deposits from other banks
pinjaman yang diterima. Kredit, simpanan dan and loans received. Loans, deposits and
simpanan dari bank lain dan pinjaman yang deposits from other banks and loans received
diterima dengan suku bunga mengambang at floating rates expose the Group to cash flow
mengakibatkan timbulnya risiko suku bunga interest rate risk. Financial assets and financial
arus kas terhadap Grup. Aset keuangan dan liabilities at fixed rates expose the Group to fair
liabilitas keuangan dengan suku bunga tetap value interest rate risk.
mengakibatkan timbulnya risiko nilai wajar
suku bunga terhadap Grup.
Grup menganalisa eksposur suku bunga The Group analyzes its interest rate exposure
secara dinamis. Berbagai skenario on a dynamic basis. Various scenarios are
disimulasikan dengan mempertimbangkan simulated taking into consideration
pembiayaan kembali, pembaruan posisi yang refinancing, renewal of existing positions,
ada, serta alternatif pembiayaan. Untuk setiap alternative financing. For each simulation, the
simulasi, pergerakan suku bunga yang sama same interest rate is used for all currencies.
digunakan untuk seluruh mata uang. Based on these scenarios, the Group
Berdasarkan skenario ini, Grup menghitung calculates the impact on profit or loss of a
dampak laba atau rugi dari pergerakan suku defined interest rate shift. The scenarios are
bunga. Skenario-skenario tersebut dilakukan applied only for liabilities that represent the
hanya untuk liabilitas yang mewakili posisi major interest-bearing positions.
utama yang dikenakan bunga.
Pada tanggal 31 Desember 2025 dan 2024, As at December 31, 2025 and 2024, if interest
jika suku bunga atas kredit, simpanan dan rates on loans, deposits and deposits from
simpanan dari bank lain dan pinjaman yang other banks and loans received had been 1%
diterima didenominasikan dalam Rupiah lebih higher/lower with all other variables held
tinggi/rendah 1% dan variabel lain dianggap constant, profit before tax during the
tetap, laba setelah pajak untuk tahun period/year would have been higher/lower
periode/tahun berjalan akan lebih tinggi/rendah amounting to Rp19,531 and Rp16,427,
masing-masing sebesar Rp19.531, dan respectively, mainly as a result of higher/lower
Rp16.427, terutama sebagai akibat tingginya/ interest income and interest expense on loans
rendahnya pendapatan bunga dari kredit dan and loans received with floating interest rates.
beban bunga dari pinjaman dengan suku
bunga mengambang.
b. Risiko Mata Uang Asing b. Foreign currency risk
Grup terpengaruh risiko nilai tukar mata uang The Group is exposed to foreign exchange risk
asing yang timbul dari berbagai eksposur mata arising from various currency exposures,
uang, terutama terhadap Dolar Amerika primarily with respect to the U.S. Dollar.
Serikat. Risiko nilai tukar mata uang asing Foreign exchange risk arises from future
timbul dari transaksi komersial di masa depan commercial transactions and recognised
serta aset dan liabilitas yang diakui. assets and liabilities.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Manajemen telah menetapkan kebijakan yang Management has set up a policy to require
mengharuskan Grup mengelola risiko nilai Group to manage the foreign exchange risk
tukar mata uang asing terhadap mata uang against their functional currency. Foreign
fungsionalnya. Risiko nilai tukar mata uang exchange risk arises when future commercial
asing timbul ketika transaksi komersial masa transactions or recognised assets or liabilities
depan atau aset dan liabilitas yang diakui are denominated in a currency that is not the
didenominasikan dalam mata uang yang entity’s functional currency. The risk is
bukan mata uang fungsional. Risiko diukur measured using cash flow forecasts.
dengan menggunakan proyeksi arus kas.
Pada tanggal 31 Desember 2025 dan 2024, As at December 31, 2025 and 2024, if the
jika mata uang melemah/menguat sebesar 5% currency had weakened/ strengthened by 5%,
terhadap Dolar Amerika Serikat dengan against the U.S. Dollar with all other variables
variabel lain konstan, laba setelah pajak untuk held constant, post-tax profit for the year
tahun berjalan akan lebih tinggi/rendah would have been higher/lower amounting to
masing-masing sebesar Rp131.775 dan Rp131,775 and Rp32,855 respectively, mainly
Rp32.855 terutama diakibatkan as a result of foreign exchange gains (losses)
keuntungan/(kerugian) dari penjabaran aset on translation of monetary financial assets and
keuangan dan liabilitas keuangan. liabilities.
c. Risiko Harga c. Price risk
Grup terpengaruh risiko harga efek ekuitas The Group is exposed to equity and debt
dan efek utang karena Grup memiliki investasi securities price risk because of investments
yang diklasifikasikan sebagai diukur padanilai held by the Group and classified the
wajar melalui penghasilan komprehensif lain consolidated statements of financial position at
dan diukur pada nilai wajar melalui laba rugi fair value through other comprehensive
dalam laporan posisi keuangan konsolidasian. income and at fair value through profit and
loss.
Untuk mengelola risiko harga yang timbul dari To manage its price risk arising from
investasi efek ekuitas, Grup melakukan investments in equity securities, the Group
diversifikasi portofolio. Diversifikasi portofolio diversifies its portfolio. Diversification of the
dilakukan sesuai dengan batasan yang portfolio is done in accordance with the limits
ditentukan oleh Grup. set by the Group.
Grup memiliki investasi pada saham entitas The Group has investments in shares of other
lain yang diperdagangkan di bursa, investasi entities that are traded in stock exchange,
pada unit reksadana dan investasi pada investment in units of mutual funds, and
obligasi yang mempunyai dampak investment in debt securities that would have
kenaikan/penurunan pada laba setelah pajak an impact on the increase/decrease on post-
Grup untuk tahun berjalan dan dampak pada tax profit for the period and other equity
komponen ekuitas lainnya. Dengan asumsi component. With assumption if FVPL equity
bahwa harga efek ekuitas dan efek utang - and debt securities price assumption of being
pada nilai wajar melalui laba rugi telah 1% higher/lower with all other variables held
naik/turun sebesar 1% dan seluruh variabel constant, post-tax profit in 2025 and 2024
lain konstan, akan berdampak terhadap laba would have been higher/lower by Rp132,791
setelah pajak untuk tahun 2025 dan and Rp127,197 respectively, while if AFS’
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2024 lebih tinggi/rendah sebesar Rp132.791 equity and debt securities measured through
dan Rp127.197. Sedangkan apabila harga other comprehensive income had been 1%
efek ekuitas dan efek utang - yang diukur higher/lower with all other variables held
melalui penghasilan komprehensif lain telah constant, other equity component would have
naik/turun sebesar 1% dan seluruh variabel been higher/lower by Rp175.905 and
lain konstan, berdampak terhadap komponen Rp176,655, respectively. Post-tax profit for the
ekuitas lainnya pada tahun 2025 dan 2024 year would increase/decrease as a result of
lebih tinggi/rendah masing-masing sebesar gains (losses) on equity securities classified as
Rp175.905 dan Rp176.655. Laba setelah at fair value through profit or loss. Other
pajak untuk tahun berjalan akan naik/turun components of equity would increase/
sebagai akibat keuntungan/(kerugian) pada decrease as a result of gains (losses) on
surat berharga ekuitas yang diukur pada nilai equity securities classified at fair value through
wajar melalui laba rugi. Komponen ekuitas other comprehensive income.
lainnya akan naik/turun sebagai akibat
keuntungan/ (kerugian) pada surat berharga
ekuitas yang diukur pada nilai wajar melalui
penghasilan komprehensif lain.
Untuk mengelola risiko harga yang timbul dari To manage price risk arising from
investasi pada surat berharga utang, Grup investments in debt securities, the Group
melakukan analisa terkait besaran bunga performs an analysis of the offered interest
kupon yang ditawarkan dengan tingkat imbal rate of bonds and the required rate of return
hasil yang diharapkan oleh pasar. which is generally expected by the market.
Risiko Likuiditas Liquidity Risk
Risiko likuiditas adalah risiko kerugian yang timbul Liquidity risk is a risk arising when the cash flow
karena Grup tidak memiliki likuiditas yang cukup position of the Group is not enough to cover the
untuk memenuhi liabilitasnya. liabilities which become due.
Dalam pengelolaan risiko likuiditas, manajemen In the management of liquidity risk, management
memantau dan menjaga jumlah kas dan setara kas monitors and maintains a level of cash and cash
yang dianggap memadai untuk membiayai equivalents deemed adequate to finance the
operasional Grup dan untuk mengatasi dampak Group’s operations and to mitigate the effects of
fluktuasi arus kas. Manajemen juga melakukan fluctuation in cash flows. Management also
evaluasi berkala atas proyeksi arus kas dan arus regularly evaluates the projected and actual cash
kas aktual, termasuk jadwal jatuh tempo utang, dan flows, including loan maturity profiles, and
terus-menerus melakukan penelaahan pasar continuously assess conditions in the financial
keuangan untuk mendapatkan sumber pendanaan markets for opportunities to obtain optimal funding
yang optimal. sources.
Tabel di bawah ini menganalisa liabilitas keuangan The table below analyzes the Group’s financial
Grup yang diselesaikan secara neto yang liabilities into relevant maturity groupings based on
dikelompokkan berdasarkan periode yang tersisa the remaining period to the contractual maturity
sampai dengan tanggal jatuh tempo kontraktual. date. The amounts disclosed in the table are the
Jumlah yang diungkapkan dalam tabel merupakan contractual undiscounted cash flow:
arus kas kontraktual yang tidak didiskontokan:
2025
> 1 tahun > 2 tahun Biaya
s.d 2 tahun/ s.d 5 tahun transaksi/
< 1 tahun/ < 1 year < 2 year > 5 tahun/ Jumlah/ Transaction Jumlah/
< 1 year to 2 year to 5 year > 5 year Total cost Total
Liabilitas/Liabilities
Simpanan dan simpanan
dari bank lain/
Deposits and deposits
from other banks 45.367.868 - - - 45.367.868 - 45.367.868
Surat berharga yang
diterbitkan/
Securities issued 1.882.816 1.111.000 4.110.450 1.864.719 8.968.985 (35.437) 8.933.548
Pinjaman yang diterima/
Loans received 332.959 134.744 683.196 1.361.300 2.512.199 (2.228) 2.509.971
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2025
> 1 tahun > 2 tahun Biaya
s.d 2 tahun/ s.d 5 tahun/ transaksi/
< 1 tahun/ > 1 year > 2 year > 5 tahun/ Jumlah/ Transaction Jumlah/
< 1 year to 2 year to 5 year > 5 year Total cost Total
Liabilitas akseptasi/
Acceptances payable 161.553 - - - 161.553 - 161.553
Utang transaksi efek/
Securities transaction
payables 502.248 - - - 502.248 - 502.248
Beban akrual/
Accrued expenses 411.526 - - - 411.526 - 411.526
Liabilitas lain-lain/
Other liabilities 350.167 - - - 350.167 - 350.167
Jumlah Liabilitas/
Total liabilities 49.009.137 1.245.744 4.793.646 3.226.019 58.274.546 (37.665) 58.236.881
2024
> 1 tahun > 2 tahun Biaya
s.d 2 tahun/ s.d 5 tahun transaksi/
< 1 tahun/ < 1 year < 2 year > 5 tahun/ Jumlah/ Transaction Jumlah/
< 1 year to 2 year to 5 year > 5 year Total cost Total
Liabilitas/Liabilities
Simpanan dan simpanan
dari bank lain/
Deposits and deposits
from other banks 43.930.669 - - - 43.930.669 - 43.930.669
Surat berharga yang
diterbitkan/
Securities issued 733.500 2.789.081 2.721.450 3.232.619 9.476.650 (40.360) 9.436.290
Pinjaman yang diterima/
Loans received 967.564 71.365 222.083 - 1.261.012 (3.660) 1.257.352
Liabilitas akseptasi/
Acceptances payable 38.160 - - - 38.160 - 38.160
Utang transaksi efek/
Securities transaction
payables 89.688 - - - 89.688 - 89.688
Beban akrual/
Accrued expenses 307.260 - - - 307.260 - 307.260
Liabilitas lain-lain/
Other liabilities 566.306 - - - 566.306 - 566.306
Jumlah Liabilitas/
Total liabilities 46.633.147 2.860.446 2.943.533 3.232.619 55.669.745 (44.020) 55.625.725
Risiko Hukum Legal Risk
Risiko hukum adalah risiko yang timbul dari Legal risk is the risk arising from the weakness of
kelemahan aspek hukum, antara lain akibat dari the legal aspects, partly as a result of legal action,
tindakan hukum, tidak adanya peraturan yang the absence of regulations that favor or
mendukung atau kelemahan dari ketentuan- disadvantage of the terms of a legally binding, such
ketentuan yang mengikat secara hukum, seperti as failure to comply with the legal requirements of
kegagalan untuk mematuhi persyaratan hukum a treaty and the loophole in the binding guarantee.
suatu perjanjian dan celah-celah dalam pengikatan
jaminan.
Pelaksanaan identifikasi, pengukuran, dan Implementation of the identification, measurement,
pemantauan terhadap potensi risiko hukum and monitoring of potential legal risks undertaken
dilaksanakan terhadap seluruh aktivitas Grup, by all the Group's activities, especially the Groups'
terutama kegiatan operasional Grup dengan operational activities involving third parties who
melibatkan pihak ketiga yang memiliki potensi have a conflict of interest or potential litigation.
benturan kepentingan atau gugatan hukum.
Dalam rangka mitigasi potensi risiko hukum, Grup In order to mitigate potential legal risks, the
melakukan hal-hal berikut: melakukan kajian Company does the following: conducts studies on
terhadap kesesuaian perjanjian kerjasama dengan the suitability of cooperation agreements with
pihak eksternal, menyempurnakan kebijakan dan external parties, refines policies and procedures as
prosedur sebagai bagian dari mitigasi risiko hukum. part of mitigating legal risks.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Dalam rangka pemantauan atas penyelesaian In the context of monitoring the settlement of
terhadap gugatan hukum, unit kerja Legal bagian lawsuits, the Legal work unit in the Litigation
Litigasi melakukan pendampingan dan hadir dalam section provides assistance and is present at every
setiap persidangan/panggilan kepolisian risiko legal risk court/police summons.
hukum.
Selama 31 Desember 2025 dan 2024 tidak During December 31, 2025 and 2024, there is no
terdapat nominal realisasi kerugian dari gugatan nominal realization of losses from existing claims.
yang ada.
Risiko Strategis Strategic Risk
Risiko strategis adalah risiko yang antara lain Strategic risk arises from, among others insufficient
disebabkan oleh adanya penetapan dan determination and implementation of the Group’s
pelaksanaan strategi Grup yang tidak tepat, strategies, incorrect business decision, or
pengambilan keputusan bisnis yang tidak tepat irresponsiveness to external changes.
atau kurang responsifnya Grup terhadap
perubahan eksternal.
Grup telah menyusun strategi dan rencana bisnis The Group has formulated the business strategies
yang sebelumnya telah didiskusikan dengan and plans based on discussions from the Board of
Dewan Komisaris, Direksi serta seluruh Commissioners, Directors and all of Group’s
manajemen Perusahaan. Grup juga melakukan management. The Group also reviews, evaluates
kajian dan evaluasi stratejik bisnis serta realisasi business strategy and its realization achieved by
yang telah dicapai oleh Grup sesuai dengan yang the Company based on Group’s Business Plan.
terangkum dalam rencana bisnis.
Risiko Operasional Operational Risk
Risiko operasional adalah risiko yang timbul dari Operational risk arises from insufficiency and/or
ketidakcukupan dana atau tidak berfungsinya malfunction of internal process, human error,
proses internal, kesalahan manusia, kegagalan system failure, or external problems affecting the
sistem atau adanya problem eksternal yang operations of the Group.
berdampak kepada kegiatan operasional Grup.
Model tata kelola risiko operasional untuk Grup The operational risk governance model for the
memberikan tata kelola yang formal, transparan Group provides formalized, transparent and
dan konsisten yang secara jelas menegaskan consistent governance which clearly defines the
tugas dan tanggung jawab serta alur pelaporan roles and responsibilities as well as reporting flow
untuk mengelola risiko operasional dalam Grup for managing operational risk at the Group
secara efektif. Model tata kelola bertujuan untuk effectively. The governance model aims to place
menempatkan akuntabilitas terhadap risiko accountability to operational risk that may arise,
operasional yang mungkin timbul serta pada saat and simultaneously facilities the segregation of
yang bersama memfasilitasi pemisahan tugas duties independently between the risk-taking units,
secara independen antara risk taking units, unit risk control units and the functions of the Internal
pengendali risiko dan Satuan Kerja Audit Internal. Audit Unit.
51. Perkara Hukum 51. Legal Matters
SAM (“Entitas Anak”) masih dalam proses perkara SAM (“Subsidiary”) is still in the process of legal
hukum atas dugaan tindak pidana korupsi proceedings over allegations of corruption
PT Asuransi Jiwasraya (Persero) (“Jiwasraya”) PT Asuransi Jiwasraya (Persero) (“Jiwasraya”)
(“Perkara Hukum Jiwasraya”). di mana status (“Jiwasraya Legal Case”), whereby the latest status
terakhirnya adalah SAM tengah menjalani upaya is that SAM is going through a legal action of
hukum Peninjauan Kembali (“Peninjauan Kembali”) Reconsideration (“Reconsideration”) against
atas Putusan Mahkamah Agung No. 1228K/ Supreme Court Decision No. 1228K/Pid.Sus/2023
Pid.Sus/2023 tanggal 2 Mei 2023 (“Putusan MA”), dated May 2, 2023 (“Supreme Court Decision”),
yang sudah terdaftar di Kepaniteraan Pengadilan which registered at the Registrar’s Office of the
Negeri Jakarta Pusat pada tanggal 9 Agustus Central Jakarta District Court on August 9, 2023.
2023.
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Sampai dengan saat ini, SAM belum menerima Up to this date, SAM has not received any official
pemberitahuan resmi terhadap putusan Peninjauan notification of the Reconsideration decision.
Kembali tersebut.
Lebih lanjut, SAM telah melaksanakan Furthermore, SAM has carried out its obligations in
kewajibannya dalam Putusan MA, yang diikuti the Supreme Court Decision, which followed up by
dengan diterimanya kembali uang tunai yang the return of cash previously deposited (based on
sebelumnya dengan itikad baik dititipkan kepada SAM’s good faith) with the Attorney General's
Kejaksaan Agung Republik Indonesia Office of the Republic of Indonesia (“AGO”) in the
(“Kejaksaan”) sebesar Rp73.938.704.154 (tujuh amount of Rp73,938,704,154 (seventy-three billion
puluh tiga miliar sembilan ratus tiga puluh delapan nine hundred thirty-eight million seven hundred
juta tujuh ratus empat ribu seratus lima puluh four thousand one hundred fifty-four Rupiah) as
empat Rupiah) yang dibuktikan dengan Surat evidenced by the Minutes of Submission of
Berita Acara Penyerahan Barang Bukti tanggal 18 Evidence dated December 18, 2024 by the Central
Desember 2024 oleh Kejaksaan Negeri Jakarta Jakarta District Attorney's Office. In relation with
Pusat. Terkait dengan uang tunai sebesar the cash in the amount of Rp3,061,295,846 (three
Rp3.061.295.846 (tiga miliar enam puluh satu juta billion sixty-one million two hundred ninety-five
dua ratus Sembilan puluh lima ribu delapan ratus thousand eight hundred forty-six) which had
empat puluh enam) yang sebelumnya telah disita previously been confiscated based on the Receipt
berdasarkan Surat Tanda Terima Barang/Benda of Confiscated Goods/Objects Letter dated March
Sitaan tanggal 9 Maret 2020, tidak dikembalikan 9, 2020, is not returned by AGO as part of the
oleh Kejaksaan sebagai pelaksanaan Putusan MA. execution of Supreme Court Decision.
52. Informasi Tambahan yang Tidak Dipersyaratkan 52. Additional Information that is Not Required by
Oleh Standar Akuntansi Indonesia Indonesian Accounting Standards
Informasi Keuangan Lainnya Other financial information
a. Rasio Kewajiban Penyediaan Modal Minimum a. The Capital Adequacy Ratio (CAR) of BS was
(KPMM) dari BS dihitung sesuai dengan calculated in accordance with Bank Indonesia
Peraturan Bank Indonesia. Regulation.
Perhitungan rasio kecukupan modal adalah Calculation of CAR follows:
sebagai berikut:
2025 2024
I. Komponen Modal I. Capital Stock Components
A. Modal Inti 7.624.543 6.930.875 A. Total Core Capital
B. Modal Pelengkap 635.042 641.610 B. Supplementary Capital
II. Total Core and
II. Jumlah modal 8.259.585 7.572.485 Supplementary Capital
III.Aset Tertimbang Menurut III.Risk Weighted Assets
Risiko (ATMR)
Risiko kredit setelah
memperhitungkan risiko Credit risk after considering
spesifik 13.913.094 14.517.860 specific risk
Risko pasar 3.221.216 2.981.680 Market risk
Risiko operasional 6.332.514 6.723.016 Operational risk
Jumlah ATMR untuk risiko Total risk weighted assets for credit,
kredit, pasar dan operasional 23.466.824 24.222.556 market and operational risk
IV.Rasio Kewajiban Penyediaan IV. Capital Adequacy Ratio (CAR)
Modal
Minimum (KPMM) yang tersedia
KPMM dengan memperhitungkan
risiko kredit 59,37% 52,16% CAR with credit risk
KPMM dengan memperhitungkan
risiko kredit dan pasar 48,20% 43,27% CAR with credit and market risk
KPMM dengan memperhitungkan
risiko kredit dan operasional 40,80% 35,65% CAR with credit and operational risk
KPMM dengan memperhitungkan risiko CAR with credit, operational and
kredit dan operasional dan pasar 35,20% 31,26% market risk
V. Rasio Kewajiban Penyediaan Modal V. Minimum Capital Adequacy Ratio
Minimum yang diwajibkan 10,00% 10,00% based on the profile risk
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
b. Rasio tingkat solvabilitas b. Solvency Margin Ratio
Perhitungan rasio tingkat solvabilitas adalah Calculation of solvency margin follows:
sebagai berikut:
2025 2024
ASM 450,20% 353,15% ASM
ASJ 639,82% 820,48% ASJ
c. Modal Kerja Bersih Disesuaikan (MKBD) c. The Adjusted Net Working Capital
Perhitungan MKBD SMS adalah sebagai The Calculation of Adjusted Net Working
berikut: Capital of SMS follows:
2025 2024
Modal Kerja Bersih Disesuaikan 332.783 488.006 Adjusted Net Working Capital
Adjusted Net Working Capital
Modal Kerja Bersih Disesuaikan wajib 29.290 25.000 Compulsory
Excess Adjusted Net Working
Lebih MKBD 303.493 463.006 Capital
d. Batas Maksimum Pemberian Pembiayaan d. Maximum Financing Lending Limit
Pada tanggal 31 Desember 2025 dan 2024, As at December 31, 2025 and 2024, there is
tidak terdapat penyediaan dana kepada pihak no provision of funds to related parties and
berelasi dan pihak ketiga yang melampaui third parties that exceed the maximum
Batas Maksimum Pemberian Pembiayaan financing limit by SMF and ABSM.
yang diberikan oleh SMF dan ABSM.
Berdasarkan Surat Otoritas Jasa Keuangan Based on the Financial Services Authority (“OJK”)
(“OJK”) No. S-71/PM.1/2021 tanggal 17 Desember Letter No. S-71/PM.1/2021 dated
2021 (“Surat OJK”) kepada SMS, entitas anak yang December 17, 2021 (“OJK Letter”) to SMS, a
menyatakan bahwa SMS dikenakan denda subsidiary stating that SMS is subject to an
administratif oleh OJK sebesar Rp1.300 serta administrative fine by OJK in the amount of
pembekuan kegiatan usaha penjamin emisi efek Rp1,300 as well as suspension of securities
selama 1 (satu) tahun sampai 17 Desember 2022. underwriting business activities for 1 (one) year
Menindaklanjuti hal tersebut, SMS menghormati isi until
surat OJK tersebut dengan segera melakukan December 17, 2022. Following up on this, SMS
pemenuhan kewajiban berupa pembayaran atas respects the contents of the OJK letter by
denda administratif yang dimaksud. Sampai immediately fulfilling its obligations in the form of
dengan laporan keuangan konsolidasian ini dibuat, payment of the administrative fine. As at the
SMS menyatakan tidak ada dampak yang preparation of these consolidated financial
signifikan serta material terhadap SMS sehingga statements, SMS stated that there was no
dengan demikian kegiatan operasional SMS tetap significant and material impact on SMS so that
berjalan seperti biasa. SMS operational activities would continue as usual.
53. Pengungkapan Tambahan Transaksi Bukan Kas 53. Supplemental Disclosures of Non Cash
Transactions
Grup mempunyai transaksi bukan kas yang tidak The following are the non cash activities of the
mempengaruhi laporan arus kas konsolidasian Group which do not have an impact on the
sebagai berikut: consolidated statements of cash flows:
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2025 2024
Penghapusan piutang pembiayaan Write-off of multipurpose
multiguna (Catatan 7) 195.114 420.313 financing (Note 7)
Penghapusan piutang pembiayaan Write-off of working capital financing
modal kerja skema anjak piutang with factoring scheme
(Catatan 9) 99.121 - receivables (Note 9)
Penghapusan kredit yang diberikan
(Catatan 11) 550.364 191.347 Write-off of loans (Note 11)
Penghapusan invetasi dalam saham Write-off of investment in
(Catatan 17) - 8.000 shares (Note 17)
54. Rekonsiliasi Liabilitas Konsolidasian yang 54. Reconciliation of Consolidated Liabilities
Berasal dari Aktivitas Pendanaan Arising from Financing Activities
Tabel berikut menjelaskan perubahan pada The table below describes the changes in
liabilitas konsolidasian yang timbul dari aktivitas consolidated liabilities arising from financing
pendanaan, yang meliputi perubahan terkait kas activities, including changes in cash and non-cash:
dan nonkas:
Perubahan Nonkas/
Non cash Changes
Pergerakan Amortisasi
Arus kas valuta asing/ biaya transaksi/
1 Januari/ pendanaan/ Changes in Amortization of 31 Desember/
January Financing foreign transaction December
2025 cash flow exchange costs 2025
Surat berharga yang diterbitkan 9.436.290 (367.579) (38.856) 9.029.855 Securities issued
Pinjaman yang diterima 1.257.352 1.251.492 - 1.128 2.509.972 Loans received
Jumlah liabilitas dari Total liabilities from
aktivitas pendanaan 10.693.642 883.913 - (37.728) 11.539.827 financing activities
*) Arus kas dari surat berharga yang diterbitkan dan pinjaman diterima merupakan jumlah bersih dari penerimaan dan pembayaran pinjaman pada laporan
arus kas konsolidasian/
*) Cash flows from securities issued and loans received represent net borrowings in amount of proceeds and payments. such of the consolidated statements of cash flows.
Perubahan Nonkas/
Non cash Changes
Pergerakan Amortisasi
Arus kas valuta asing/ biaya transaksi/
1 Januari/ pendanaan/ Changes in Amortization of 31 Desember/
January Financing foreign transaction December
2024 cash flow exchange costs 2024
Surat berharga yang diterbitkan 8.390.304 1.819.547 - (773.561) 9.436.290 Securities issued
Pinjaman yang diterima 2.086.386 (829.990) - 956 1.257.352 Loans received
Jumlah liabilitas dari Total liabilities from
aktivitas pendanaan 10.476.690 989.557 - (772.605) 10.693.642 financing activities
*) Arus kas dari surat berharga yang diterbitkan dan pinjaman diterima merupakan jumlah bersih dari penerimaan dan pembayaran pinjaman pada laporan
arus kas konsolidasian/
*) Cash flows from securities issued and loans received represent net borrowings in amount of proceeds and payments. such of the consolidated statements of cash flows.
55. Standar Akuntansi Keuangan Baru dan 55. New Financial Accounting Standards and
Penyesuaian atas Laporan Keuangan Adjustment of Financial Statements
Konsolidasian
Perubahan Pernyataan Standar Akuntansi Changes to the Statements of Financial
Keuangan (PSAK) Accounting Standards (SFAS)
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Diterapkan pada tahun 2025 Adopted during 2025
Penerapan standar akuntansi keuangan revisi The implementation of the following revised
berikut, yang berlaku efektif 1 Januari 2025, financial accounting standards, which are
relevan bagi Grup namun tidak menyebabkan effective from January 1, 2025 and relevant to
perubahan material terhadap jumlah-jumlah yang the Group, and had no material effect on the
dilaporkan dalam laporan keuangan konsolidasian: amounts reported in the consolidated financial
statements:
- PSAK 117, “Kontrak Asuransi” - SFAS 117, “Insurance Contracts”
PSAK 117 mengatur relaksasi beberapa SFAS 117 regulates the relaxation of several
ketentuan antara lain berupa penambahan provisions, including the addition of scope
pengecualian ruang lingkup, penyesuaian exceptions, adjustments to the presentation
penyajian laporan keuangan, penerapan opsi of financial statements, application of risk
mitigasi risiko dan beberapa modifikasi pada mitigation options and some modifications to
ketentuan transisi. PSAK 117 juga transitional provisions. SFAS 117 also
mensyaratkan pemisahan yang jelas antara requires a clear separation between income
pendapatan yang dihasilkan dari bisnis generated from the insurance business and
asuransi dengan yang berasal dari kegiatan from investment activities.
investasi.
- Amendemen PSAK 117, “Kontrak Asuransi”: - Amendments to SFAS 117, “Insurance
Penerapan Awal PSAK 117 dan Contracts”: Initial Application of SFAS 117
PSAK 109 - Informasi Komparatif. and SFAS 109 - Comparative Information.
Amendemen ini memperjelas pengaturan bagi This amendment clarifies the arrangements
entitas industri asuransi yang akan melakukan for insurance industry entities that will carry
penerapan awal PSAK 117 dan PSAK 109 out the initial adoption of SFAS 117 and
dalam periode bersamaan. Amendemen ini SFAS 109 in the same period. This
juga mengatasi isu penerapan yang terkait amendment also addresses application
dengan informasi komparatif yang akan issues related to the comparative
disajikan pada penerapan awal untuk aset information that will be presented on initial
keuangan. application to financial assets.
- Amendemen PSAK 221, “Pengaruh - Amendments to SFAS 221, “The Effects of
Perubahan Kurs Valuta Asing”: Kekurangan Changes in Foreign Exchange Rates”: Lack
Ketertukaran. of Exchangeability.
Ketika kondisi ekonomi suatu negara When a country's economic conditions
memburuk, misalnya hiperinflasi, akan deteriorate, such as hyperinflation, it can be
menyebabkan kesulitan dalam menentukan difficult to determine whether the country's
apakah mata uang negara yang bersangkutan currency is exchangeable into another
tertukarkan menjadi mata uang lain serta kurs currency as well as the exchange rate used
yang digunakan ketika mata uang tersebut when the currency is not exchangeable. This
tidak tertukarkan. Amendemen ini menetapkan amendment specify how to assess whether
cara menilai apakah suatu mata uang adalah a currency is exchangeable and how to
tertukarkan dan bagaimana menentukan nilai determine a spot exchange rate if it is not. It
tukar spot jika mata uang tersebut tidak also requires disclosure of information that
tertukarkan. Amendemen ini juga enables users of financial statements to
mensyaratkan pengungkapan informasi yang understand the impact of a currency not
memungkinkan pengguna laporan keuangan being exchangeable.
untuk memahami dampak dari mata uang
yang tidak tertukarkan.
- 198 -
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Telah diterbitkan namun belum berlaku efektif Issued but not yet effective
1 Januari 2026 January 1, 2026
- Amendemen PSAK 109, “Instrumen - Amendments to SFAS 109, “Financial
Keuangan” dan PSAK 107, “Instrumen Instruments” and SFAS 107, “Financial
Keuangan - Pengungkapan”: Klasifikasi dan Instruments - Disclosures"
Pengukuran Instrumen Keuangan
Amendemen ini menambahkan dan These amendments add and clarify the
mengklarifikasi ketentuan dalam PSAK 109 provisions in SFAS 109 related to
terkait penghentian pengakuan liabilitas derecognition of financial liabilities, and the
keuangan, serta mengklarifikasi penilaian assessment of cash flow characteristics
karakteristik arus kas (solely payments of (solely payments of principal and interest)
principal and interest) untuk aset keuangan for financial assets with ESG-linked
dengan fitur ESG-linked, aset keuangan features, financial assets with non-recourse
dengan fitur non-recourse, dan instrumen yang features, and contractually binding
terikat secara kontraktual seperti tranche. instruments such as tranches.
Selain itu, amendemen ini juga mengubah In addition, these amendments also revise
ketentuan dalam PSAK 107 terkait persyaratan the provisions in SFAS 107 related to the
pengungkapan investasi pada instrumen disclosure requirements for investments in
ekuitas yang diukur pada nilai wajar melalui equity instruments measured at fair value
penghasilan komprehensif lain dan menambah through other comprehensive income and
ketentuan terkait instrumen keuangan dengan add provisions related to financial
persyaratan kontraktual yang mengubah waktu instruments with contractual terms that
atau jumlah arus kas kontraktual. change the timing or amount of contractual
cash flows.
- PSAK 338 (Revisi 2025), “Kombinasi Bisnis - SFAS 338 (Revised 2025), “Business
Entitas Sepengendali” Combinations of Entities Under Common
Control”
Revisi PSAK 338 ini mencakup ruang lingkup This revision of SFAS 338 covers the scope
dan penerapan dari metode penyatuan and application of the pooling of interests
kepemilikan (pooling of interest) dan and disposal in equity methods as
pelepasan di ekuitas (disposal in equity) accounting concepts used in SFAS 338.
sebagai konsep akuntansi yang digunakan The main changes in this revision comprise
dalam PSAK 338. Perubahan utama dalam the exclusion of investment entities from the
revisi ini mencakup pengecualian entitas scope of SFAS 338, as well as additional
investasi dari ruang lingkup PSAK 338, serta definitions on transfered businesses,
tambahan definisi bisnis alihan, entitas transferee entities, and transferor entities.
penerima, dan entitas pengalih. Revisi ini juga This revision also includes references for
mencakup rujukan jumlah tercatat bisnis alihan measuring transfered businesses and the
dan penyajian informasi prakombinasi bisnis presentation of pre-combination business
dalam kondisi tidak praktis. information when impracticable.
1 Januari 2027 January 1, 2027
- PSAK 413, “Penurunan Nilai” - SFAS 413, “Impairment”
PSAK 413 mengatur tentang penurunan nilai SFAS 413 regulates the impairment of
atas aset keuangan syariah dan pengakuan sharia financial assets and the recognition
provisi kafalah penjaminan risiko kredit. of kafalah provisions for credit risk
PSAK 413 menggunakan konsep ekspektasi guarantees.SFAS 413 uses the concept of
kerugian (expected loss) yang mensyaratkan expected loss which requires the
pengakuan penyisihan untuk ekspektasi recognition of provisions for expected
kerugian penurunan nilai. Perhitungannya impairment losses. The calculation reflects
mencerminkan jumlah tidak bias dan the unbiased and probability-weighted
probabilitas tertimbang dan informasi wajar amount and reasonable and supportable
dan tersokong, serta tidak mencerminkan nilai information, and does not reflect the time
waktu atas uang. value of money.
- 199 -
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PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
- PSAK 118, “Penyajian dan Pengungkapan - SFAS 118, “Presentation and Disclosure in
dalam Laporan Keuangan” Financial Statements”
PSAK 118 menggantikan PSAK 201, SFAS 118 supersedes SFAS 201, retaining
mempertahankan banyak prinsip yang ada many existing principles but significantly
tetapi secara signifikan mengubah cara entitas changing how entities report “operating
melaporkan “laba atau rugi operasional.” PSAK profit or loss.” It establishes a defined
ini menetapkan struktur yang jelas untuk structure for the statement of profit or loss,
laporan laba rugi dengan mengelompokkan categorising items into operating, investing,
pos-pos ke dalam kategori operasi, investasi, financing, income taxes and discontinued
pembiayaan, pajak penghasilan, dan operasi operations. The standard mandates specific
yang dihentikan. Standar ini mewajibkan disclosures, including management-defined
pengungkapan tertentu, termasuk ukuran performance measures (MPMs), allowing
kinerja tetapan manajemen (UKTM), yang investors to understand management's
memungkinkan investor memahami view of the company's financial
bagaimana pandangan manajemen atas performance and how these measures
kinerja keuangan perusahaan dan bagaimana compare to those defined in SFAS 118.
ukuran tersebut dibandingkan dengan ukuran
yang didefinisikan dalam PSAK 118.
- PSAK 119, “Entitas Anak Tanpa Akuntabilitas - SFAS 119, “Subsidiaries without Public
Publik: Pengungkapan” Accountability: Disclosures”
PSAK 119 adalah standar akuntansi sukarela SFAS 119 is a voluntary accounting
yang didesain untuk mengurangi persyaratan standard designed to reduce disclosure
pengungkapan yang ditetapkan dalam PSAK requirements stipulated in other SFASs. It
lainnya. Standar ini ditujukan untuk entitas is intended for subsidiaries without public
anak yang tidak memiliki akuntabilitas publik, accountability where the parent entity
yang entitas induknya menyusun laporan prepares consolidated financial statements
keuangan konsolidasi yang tersedia secara that are publicly available and comply with
publik dan sesuai dengan Standar Akuntansi Indonesian Financial Accounting Standards
Keuangan Indonesia (SAK), International (SAK), International Financial Reporting
Financial Reporting Standards (IFRS), atau Standards (IFRS), or other IFRS
standar akuntansi IFRS lainnya. Anak Accounting Standards. These subsidiaries
perusahaan tersebut akan tetap menerapkan will continue to apply the recognition,
persyaratan pengakuan, pengukuran, dan measurement and presentation
penyajian dalam dalam SAK, IFRS, atau requirements in SAK, IFRS, or other IFRS
standar akuntansi IFRS lainnya, tetapi dapat Accounting Standards, but they can replace
mengganti persyaratan pengungkapan dalam the disclosure requirements in those
standar tersebut dengan persyaratan standards with reduced disclosure
pengungkapan yang dikurangi. PSAK 119 requirements. SFAS 119 applies to eligible
berlaku untuk anak perusahaan yang subsidiaries that elect to adopt the standard
memenuhi syarat dan memilih untuk in their consolidated, separate, or individual
mengadopsi standar ini dalam laporan financial statements.
keuangan konsolidasian, tersendiri, atau
individual.
Sampai dengan tanggal penerbitan laporan As at the date of authorization of these financial
keuangan, Grup masih mempelajari dampak yang statements, the Group is still evaluating the
mungkin timbul dari penerapan amendemen PSAK potential impact of the above amendments to
tersebut dan dampak tersebut pada laporan SFAS and has not yet determined the related
keuangan belum dapat ditentukan. effects on the financial statements.
56. Penyajian Kembali Laporan Keuangan 56. Restatement of Financial Statements
Berikut ini adalah ringkasan dampak penyajian The following is a summary of the restatement
kembali terhadap laporan posisi keuangan, laporan impact on the statement of financial position,
laba rugi dan penghasilan komprehensif lain, serta statement of profit or loss and other comprehensive
laporan arus kas sehubungan dengan penerapan income, and statement of cash flows in connection
PSAK No. 117: with the implementation of PSAK No.117:
Laporan Posisi Keuangan tanggal 1 Januari 2024/ Statement of Financial Position as at January 1,
31 Desember 2023 2024/December 31, 2023
Sebelum disajikan Setelah disajikan
- 200 -
Page 572
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
kembali/Before Penyesuaian/ Kembali/
restatement Adjustments After restatement
ASET ASSETS
Piutang premi dan reasuransi 1.861.049 (1.861.049) - Premiums and reinsurance
Aset reasuransi 3.933.978 (3.933.978) - Reinsurance assets
Aset kontrak asuransi - 37.106 37.106 Insurance contract asset
Aset kontrak reasuransi - 7.725.885 7.725.885 Reinsurance contract asset
Piutang lain-lain - Other receivables -
pihak ketiga 2.609.519 104.367 2.713.886 third parties
Aset lain-lain - Other assets -
pihak ketiga 4.347.094 6.858 4.353.952 third parties
LIABILITAS LIABILITIES
Utang Asuransi 1.368.726 (1.368.726) - Insurance payable
Dana pemegang polis Segregated funds contract
- unit link 20.767.188 (20.767.188) - liabilities - unit link
Premi belum merupakan Unearned premiums
pendapatan dan estimasi - and estimated
liabilitas klaim 6.915.357 (6.915.357) - claims liability
Liabilitas kontrak asuransi 480.686 29.447.566 29.928.252 Insurance contract liability
Liabilitas kontrak reasuransi - 648.796 648.796 Reinsurance contract liabilities
Kewajiban investasi kontrak Contract investment liabilities
- unit link - 17.758.927 17.758.927 - unit link
Beban akrual 332.181 (161) 332.020 Accrued expenses
Liabilitas lain-lain - Other liabilities -
pihak ketiga 1.329.993 8.408 1.338.401 third parties
EKUITAS EQUITY
Saldo laba tidak di tentukan Retained earnings
penggunaannya 18.136.270 (1.583.108) 16.553.162 unappropriated
Laporan Posisi Keuangan tanggal 31 Desember Statement of Financial Position as at December 31,
2024 2024
Sebelum disajikan Setelah disajikan
kembali/Before Penyesuaian/ Kembali/
restatement Adjustments After restatement
ASET ASSETS
Piutang premi dan reasuransi 2.187.030 (2.187.030) - Premiums and reinsurance
Aset reasuransi 3.146.973 (3.146.973) - Reinsurance assets
Aset kontrak asuransi - 2.662.509 2.662.509 Insurance contract asset
Aset kontrak reasuransi - 4.497.161 4.497.161 Reinsurance contract asset
Piutang lain-lain - Other receivables -
pihak ketiga 3.557.261 2.117 3.559.378 third parties
Aset lain-lain - Other assets -
pihak ketiga 4.247.978 100.655 4.348.633 third parties
LIABILITAS LIABILITIES
Utang Asuransi 1.435.621 (1.435.621) - Insurance payable
Dana pemegang polis Segregated funds contract
- unit link 20.733.020 (20.767.188) - liabilities - unit link
Liabilitas kontrak penjaminan Guarantee contract liabilities and
dan premi diterima dimuka 2.925.726 (46.694) 2.879.032 premiums received in advance
Premi belum merupakan Unearned premiums
pendapatan dan estimasi - and estimated
liabilitas klaim 7.190.463 (7.190.463) - claims liability
Liabilitas kontrak asuransi 343.775 28.665.682 29.009.457 Insurance contract liability
Liabilitas kontrak reasuransi - 2.085.647 2.085.647 Reinsurance contract liabilities
Liabilitas kontrak reasuransi - 2.085.647 2.085.647 Reinsurance contract liabilities
Reserve for profit sharing
Cadangan bagi hasil peserta 25.300 227.000 252.300 distribution to participants
Beban akrual 307.260 (1.146) 306.114 Accrued expenses
Liabilitas lain-lain - Other liabilities -
pihak ketiga 3.015.742 1.858.404 4.874.146 third parties
EKUITAS EQUITY
Saldo laba tidak di tentukan Retained earnings
penggunaannya 18.995.852 (1.501.346) 17.494.506 unappropriated
- 201 -
Page 573
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Laporan Laba Rugi dan Penghasilan Komprehensif Statement of Profit or Loss and Other
Lain untuk Tahun yang Berakhir 31 Desember Comprehensive Income for the Year Ended
2024 December 31, 2024
Sebelum disajikan Setelah disajikan
kembali/Before Penyesuaian/ Kembali/
restatement Adjustments After restatement
Pendapatan underwriting asuransi 17.184.184 (17.128.722) 55.462 Insurance underwriting income
Pendapatan jasa asuransi - 21.265.626 21.265.626 Insurance service revenues
Pendapatan keuangan reasuransi - 748.387 748.387 Reinsurance finance income
Pendapatan bunga dan bagi hasil 5.970.716 (79.100) 5.891.616 Interest and profit sharing income
Keuntungan penjualan Investasi 413.555 (145) 413.410 Gain on sale of short-term
Keuntungan Reksadana 642.182 (136.543) 505.639 Gain mutual funds
Pendapatan jasa penjamin emisi 605.055 778 605.833 Income Underwriting Service
Pendapatan lain-lain 737.884 7.041.838 7.779.722 Other Income
Beban underwriting asuransi 17.054.079 (17.046.089) 7.990 Insurance underwriting expense
Beban jasa asuransi - 15.618.627 15.618.627 Insurance underwriting expenses
Beban keuangan asuransi - 1.332.334 1.332.334 insurance finance expense
Beban dari kontrak reasuransi yg dimiliki - 12.163.494 12.163.494 Reinsurance contract expenses
Beban umum dan administrasi 2.927.097 (702.603) 2.224.494 General and administrative
Beban bunga dan bagi hasil 2.230.875 (1.089) 2.229.786 Interest and profit sharing expenses
Beban gaji dan tunjangan karyawan 2.346.478 (583.134) 1.763.344 Salaries and employee benefits
Beban cadangan 503.388 5.519 508.907 Provision expense
Kerugian nilai wajar efek 204.399 12.809 217.208 Loss on investment securities
Beban lain-lain 146.914 1.088.630 1.235.544 Other expense
57. Peristiwa Setelah Periode Pelaporan 57. Subsequent Event after Reporting Period
Berdasarkan Pernyataan Keputusan Sirkuler Para Based on Statement of Shareholders’ Circular
Pemegang Saham sebagai Pengganti Rapat Resolution in Lieu of an Extraordinary General
Umum Pemegang Saham Luar Biasa yang telah Meeting of Shareholders which has been notarized
diaktakan dengan Akta No. 203 tanggal 3 Februari in Notarial Deed No. 203 dated February 3, 2026,
2026 dari Notaris Syofilawati, S.H., para pemegang of Notary Syofilawati, S.H., the shareholders of DPI
saham DPI menyetujui untuk: agreed to:
1. Pengalihan seluruh saham milik Perusahaan 1. Transfer of all shares owned by The Company
dan Singapore Surmount International Pte. Ltd. and Singapore Surmount International Pte.
kepada Sino Ronhui New Material Co., Ltd. Ltd. to Sino Ronhui New Material Co., Ltd.
2. Perubahan pasal 5 Anggaran Dasar 2. Changes of Article 5 of the Company’s Articles
Perusahaan. of Association.
Transaksi ini telah memperoleh persetujuan These transactions have obtained approval by the
Menteri Hukum dan Hak Asasi Manusia dalam Minister of Laws and Human Rights based on
Surat No. AHU-AH.01.09-0059012 dan AHU- Letter No. AHU-AH.01.09-0059012 and AHU-
AH.01.03-0045760 tanggal 18 Februari 2026. AH.01.03-0045760 dated February 18, 2026.
Berdasarkan Pernyataan Keputusan Sirkuler Para Based on Statement of Shareholders’ Circular
Pemegang Saham sebagai Pengganti Rapat Resolution in Lieu of an Extraordinary General
Umum Pemegang Saham Luar Biasa yang telah Meeting of Shareholders which has been notarized
diaktakan dengan Akta No. 810 tanggal 10 Februari in Notarial Deed No. 810 dated February 10, 2026,
2026 dari Notaris Syofilawati, S.H., para pemegang of Notary Syofilawati, S.H., the shareholders of DPI
saham DPI menyetujui untuk: agreed to:
1. Pengalihan 2.280 saham milik Sino Ronhui 1. Transfer of 2,280 shares owned by Sino
New Material Co., Ltd. kepada PT Lucky Eight Ronhui New Material Co., Ltd. to PT Lucky
Success. Eight Success.
2. Peningkatan modal ditempatkan dan disetor 2. Increase of the Company’s issued and paid-up
Perusahaan dari Rp15.200.000.000 (terdiri dari capital from Rp15,200,000,000 (consisting of
15.200 saham) menjadi Rp23.200.000.000 15,200 shares) to Rp23,200,000,000
(terdiri dari 23.200 saham) yang diambil bagian (consisting of 23,200 shares) subscribed by:
oleh:
a. Sino Ronhui New Material Co., Ltd. a. Sino Ronhui New Material Co., Ltd.
sebanyak 6.800 saham. amounting to 6,800 shares.
b. PT Lucky Eight Success sebanyak 1.200 b. PT Lucky Eight Success amounting to
saham. 1,200 shares.
- 202 -
Page 574
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. Perubahan susunan Dewan Komisaris dan 3. Changes of the composition of the
Direksi Perusahaan. Company’s Boards of Commissioners and
Directors.
Sususan pemegang saham DPI setelah perubahan DPI shareholder structure after the changes above-
di atas: mentioned:
Lembar Persentase Jumlah Modal
Saham/ Kepemilikan/ Disetor/
Number of Percentage Total Paid-up
Pemegang Saham Shares of Ownership Capital Shares Name of Shareholders
Sino Ronhui New Material Co., Ltd. 19.720 85,00% 19.720.000.000 Sino Ronhui New Material Co.,Ltd.
PT Lucky Eight Success 3.480 15,00% 3.480.000.000 PT Lucky Eight Success
Jumlah 23.200 100% 23.200.000.000 Total
Sususan Komisaris dan Direksi DPI setelah DPI Commissioner and the Board of Directors of
perubahan di atas: the Company after the above-mentioned changes:
Komisaris : Ronald Haeg S. Halomoan : Commissioner
Direksi: Board of Directors:
Direktur Utama : Bonar Gema Soaloon, S.Si : President Director
Direktur : Ary Handoko : Director
Pada tahun 2025, DPI ditetapkan sebagai Terlapor In 2025, DPI was designated as Reported Party
XXI dalam pemeriksaan oleh Komisi Pengawas XXI (Terlapor XXI) in an examination conducted by
Persaingan Usaha Republik Indonesia (“KPPU” the Indonesian Business Competition Supervisory
atau “Komisi”) dalam Perkara Nomor 05/KPPU- Commission (“KPPU” or the “Commission”) under
I/2025 sehubungan dengan dugaan pelanggaran Case No. 05/KPPU-I/2025 in respect of the alleged
Pasal 5 Undang-Undang Nomor 5 Tahun 1999 violation of Article 5 of Law No. 5 of 1999
tentang Larangan Praktek Monopoli dan concerning the Prohibition of Monopolistic Practices
Persaingan Usaha Tidak Sehat (“UU 5/1999”) and Unfair Business Competition (“Law 5/1999”) in
terkait penyelenggaraan Layanan Pinjam- connection with the provision of Information
Meminjam Uang Berbasis Teknologi Informasi Technology-Based Money Lending Services
(Fintech Peer-to-Peer Lending) di Indonesia. (Fintech Peer-to-Peer Lending) in Indonesia.
Manajemen DPI berpandangan bahwa penetapan DPI’s management is of the view that the ceiling on
batas atas manfaat ekonomi (bunga) yang menjadi economic benefit (interest) which forms the
pokok dugaan pelanggaran dalam perkara tersebut principal subject of the alleged violation in the case
merupakan ketentuan yang ditetapkan oleh Otoritas constitutes a provision established by the Financial
Jasa Keuangan (“OJK”) selaku regulator sektor Services Authority (“OJK”) as the regulator of the
jasa keuangan, yang kemudian diimplementasikan financial services sector, which was subsequently
secara teknis melalui Asosiasi Fintech Pendanaan implemented technically through the Indonesian
Bersama Indonesia (“AFPI”) sebagai asosiasi yang Joint Funding Fintech Association (“AFPI”) as the
ditunjuk oleh OJK. Oleh karena itu, manajemen association appointed by OJK. Accordingly,
meyakini bahwa Perusahaan dalam menjalankan management believes that the Company, in
kegiatan usahanya telah mengikuti ketentuan conducting its business activities, has complied with
regulator dan terdapat dasar yang kuat untuk the regulator’s provisions and that there is strong
menyatakan bahwa tindakan Perusahaan tidak basis to assert that the Company’s conduct does
memenuhi kualifikasi pelanggaran Pasal 5 UU not qualify as a violation of Article 5 of Law 5/1999.
5/1999.
- 203 -
Page 575
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
DAN ENTITAS ANAK AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Pada tanggal 31 Desember 2025, pemeriksaan As of December 31, 2025, the examination of the
perkara tersebut masih dalam proses di KPPU dan case was still in process at KPPU and no decision
belum terdapat putusan. Berdasarkan penilaian had been issued. Based on management’s
manajemen, kemungkinan arus keluar sumber daya assessment, the possibility of an outflow of economic
ekonomi sehubungan dengan perkara ini belum resources in respect of this case does not yet meet
memenuhi kriteria pengakuan sebagai provisi the criteria for recognition as a provision under PSAK
sebagaimana diatur dalam PSAK 437 “Provisi, 437 “Provisions, Contingent Liabilities and
Liabilitas Kontinjensi, dan Aset Kontinjensi”, sehingga Contingent Assets”; accordingly, the said potential
potensi kewajiban dimaksud diungkapkan sebagai obligation is disclosed as a contingent liability and
liabilitas kontinjensi dan tidak diakui dalam laporan has not been recognised in the statement of financial
posisi keuangan pada tanggal 31 Desember 2025. position as of December 31, 2025.
Sehubungan dengan Perkara KPPU Nomor In connection with KPPU Case No. 05/KPPU-I/2025,
05/KPPU-I/2025 terdapat perkembangan- the following developments occurred after the
perkembangan berikut setelah tanggal pelaporan: reporting date:
a) Pada tanggal 26 Maret 2026, KPPU menerbitkan a) On March 26, 2026, KPPU issued the Decision
Putusan atas Perkara Nomor 05/KPPU-I/2025 on Case No. 05/KPPU-I/2025, declaring DPI as
yang menyatakan DPI sebagai salah satu one of the Reported Parties found to have
Terlapor yang melanggar Pasal 5 UU 5/1999 violated Article 5 of Law 5/1999 and imposing an
dan mengenakan sanksi administratif berupa administrative sanction in the form of a fine
denda sebesar Rp2.100.000.000 kepada DPI. amounting to Rp2,100,000,000 on DPI.
b) Pada tanggal 8 April 2026, DPI menyerahkan c) b) On April 8, 2026, DPI submitted Bank Guarantee
Bank Garansi yang diterbitkan oleh PT Bank issued by PT Bank Negara Indonesia (Persero)
Negara Indonesia (Persero) Tbk dengan nilai Tbk in the amount of Rp420,000,000, equivalent
sebesar Rp420.000.000, yang setara dengan to 20% of the fine stipulated under the said
20% dari nilai denda yang ditetapkan dalam KPPU Decision. The issuance of the bank
Putusan KPPU dimaksud. Penerbitan bank guarantee constitutes a formal requirement to be
garansi tersebut merupakan persyaratan formal fulfilled in order to file a legal objection with the
yang wajib dipenuhi dalam rangka pengajuan Commercial Court in accordance with KPPU
upaya hukum keberatan ke Pengadilan Niaga regulations.
sesuai ketentuan KPPU.
c) Pada tanggal 9 April 2026, DPI telah d) c) On April 9, 2026, DPI filed a legal objection
mendaftarkan upaya hukum keberatan atas against the said KPPU Decision No. 05/KPPU-
Putusan KPPU Nomor 05/KPPU-I/2025 tersebut I/2025 with the Commercial Court.
kepada Pengadilan Niaga.
Manajemen DPI berpendapat bahwa hasil dari Management DPI believes that the outcome of the
keberatan yang diajukan masih belum dapat objection filed cannot yet be determined. And
ditentukan, sehingga tidak menimbulkan accordingly do not give rise to any adjustments to the
penyesuaian terhadap jumlah-jumlah yang diakui amounts recognised in the financial statements for
dalam laporan keuangan untuk tahun yang berakhir the year ended December 31, 2025.
pada tanggal 31 Desember 2025.
- 204 -
Page 576
Lampiran I Attachment I
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
Informasi Tambahan Supplementary Information
Laporan Posisi Keuangan Entitas Induk Parent Company Statement of Financial Position
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah, unless
kecuali dinyatakan lain) otherwise stated)
2025 2024
ASET ASSETS
Kas dan Bank Cash and Cash in Banks
Pihak berelasi 8.015 2.447 Related parties
Pihak ketiga 1.848 1.557 Third parties
Jumlah 9.863 4.004 Total
Investasi Jangka Pendek Short-term Investments
Pihak berelasi 1.334.617 1.508.046 Related parties
Pihak ketiga 2.476.526 868.160 Third parties
Cadangan kerugian penurunan nilai (175.175) (175.175) Allowance for impairment losses
Jumlah 3.635.968 2.201.031 Total
Piutang Lain-lain Other Accounts Receivable
Pihak berelasi 1.477.153 3.648.107 Related parties
Pihak ketiga 315.005 285.961 Third parties
Cadangan kerugian penurunan nilai (65.769) (62.819) Allowance for impairment losses
Jumlah 1.726.389 3.871.249 Total
Investasi dalam Saham 15.693.861 12.898.221 Investment in Shares of Stock
Aset tetap Property and equipment
Harga perolehan 45.489 45.118 Cost
Akumulasi penyusutan (20.153) (19.264) Accumulated depreciation
Nilai tercatat 25.336 25.854 Net carrying value
Aset tetap dalam Rangka Bangun, Property Under Build, Operate and
Kelola dan Serah Transfer Agreement
Harga perolehan 140.944 140.944 Cost
Akumulasi penyusutan (103.841) (97.683) Accumulated depreciation
Nilai tercatat 37.103 43.261 Net carrying value
Aset Lain-lain Other Assets
Pihak berelasi 427.062 4.890 Related parties
Pihak ketiga 854.358 764.851 Third parties
Jumlah 1.281.420 769.741 Total
JUMLAH ASET 22.409.940 19.813.361 TOTAL ASSETS
- I.1 -
Page 577
Lampiran I Attachment I
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
Informasi Tambahan Supplementary Information
Laporan Posisi Keuangan Entitas Induk Parent Company Statement of Financial Position
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah, unless
kecuali dinyatakan lain) otherwise stated)
2025 2024
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
LIABILITAS LIABILITIES
Utang Pajak 518 786 Taxes Payable
Utang Obligasi 7.166.511 6.200.864 Bonds Payable
Utang Bank 1.361.300 - Bank Loan
Beban Akrual 124.213 107.655 Accrued Expenses
Liabilitas Lain-lain Other Liabilities
Pihak berelasi 974 1.078 Related parties
Pihak ketiga 57.995 57.994 Third parties
Jumlah 58.969 59.072 Total
Jumlah Liabilitas 8.711.511 6.368.377 Total Liabilties
EKUITAS EQUITY
Modal Saham 1.334.891 1.334.891 Capital Stock
Tambahan Modal Disetor - bersih 1.447.186 1.447.186 Additional Paid-in Capital - Net
Komponen Ekuitas Lainnya 558.712 325.512 Other component equity
Saldo laba Retained earnings
Ditentukan penggunaanya 791.607 791.607 Appropriated
Tidak ditentukan penggunaanya 9.566.033 9.545.788 Unappropriated
Jumlah Ekuitas 13.698.429 13.444.984 Total Equity
JUMLAH LIABILITAS DAN EKUITAS 22.409.940 19.813.361 TOTAL LIABILITIES AND EQUITY
- I.2 -
Page 578
Lampiran I Attachment I
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
Informasi Tambahan Supplementary Information
Laporan Laba Rugi dan Penghasilan Komprehensif Parent Company Statement of Profit or Loss and
Lain Entitas Induk Other Comprehensive Income
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah, unless
kecuali dinyatakan lain) otherwise stated)
2025 2024
PENDAPATAN INCOME
Dividen 547.571 276.899 Dividends
Bunga 65.864 82.018 Interest
Sewa 9.570 11.745 Rent
Keuntungan atas penjualan Gain on sale of short term
investasi jangka pendek 32.456 223.855 investments
Keuntungan dari investasi Gain on investments in units of
pada unit reksadana 122.082 6.552 mutual funds
Keuntungan selisih kurs Gain on foreign currency
mata uang asing - bersih 70.232 34.211 exchange - net
Laba penjualan asset tetap - 2 Gain on sale or disposal of fixed assets
Lainnya 1.521 22 Others
Jumlah 849.296 635.304 Total
BEBAN EXPENSES
General and administrative
Umum dan administrasi 37.522 29.818 expenses
Bunga dan keuangan 753.455 601.155 Interest and finance costs
Gaji dan tunjangan karyawan 22.409 23.039 Salaries and employee benefits
Beban penyusutan 7.048 35.497 Depreciation
Kerugian selisih kurs Loss on foreign currency
mata uang asing - bersih - - exchange - net
Kerugian atas penjualan Loss on sale of long term
Investasi jangka panjang - 1.124 investments
Unrealized gain on increase
Kerugian dari kenaikan nilai in fair value of financial
wajar efek yang diukur pada assets measured at fair
nilai wajar melalui laba rugi - 5.067 value through profit and loss
Lainnya 4.917 3.793 Others
Jumlah 825.351 699.493 Total
LABA (RUGI) SEBELUM PAJAK 23.945 (64.189) PROFIT (LOSS) BEFORE TAX
BEBAN PAJAK TAX EXPENSE
Kini 4.371 1.866 Current
Tangguhan (148) (43) Deferred
Jumlah 4.223 1.823 Total
LABA (RUGI) TAHUN BERJALAN 19.722 (66.012) PROFIT (LOSS) FOR THE YEAR
PENGHASILAN (RUGI)
KOMPREHENSIF OTHER COMPREHENSIVE
LAIN INCOME (LOSS)
Pengukuran kembali liabilitas Remeasurement of
imbalan pasti (670) 194 defined benefit liability
Pajak sehubungan dengan pos Tax relating to item that
yang tidak akan direklasifikasi 147 (43) will not be reclassified
Keuntungan (kerugian) yang belum direalisasikan Unrealized gain (loss) on increase
atas kenaikan wajar investasi nilai in fair value of investments
yang diukur pada nilai wajar melalui at fair value through other
penghasilan komprehensif lain 233.200 (150.215) comprehensive income
TOTAL OTHER
RUGI KOMPREHENSIF LAIN COMPREHENSIVE INCOME
SETELAH PAJAK 232.677 (150.064) LOSS AFTER TAX
JUMLAH PENGHASILAN TOTAL COMPREHENSIVE
(RUGI) KOMPREHENSIF 252.399 (216.076) INCOME (LOSS)
- I.3 -
Page 579
Lampiran I Attachment I
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
Informasi Tambahan Supplementary Information
Laporan Perubahan Ekuitas Entitas Induk Parent Company Statement of Changes in Equity
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah, unless
kecuali dinyatakan lain) otherwise stated)
Tambahan Komponen
Modal Disetor Ekuitas Saldo Laba/Retained Earnings
Bersih/ Lainnya/
Modal Additionnal Other Ditentukan Tidak Ditentukan Jumlah
Saham/ Paid-in capital Component Penggunaannya/ Penggunaannya/ Ekuitas/
Capital Stock - net equity Appropriated Unappropriated Total Equity
Saldo pada tanggal
1 Januari 2024/
Balance as at
January 1, 2024 1.334.891 1.447.186 475.727 791.607 9.611.649 13.661.060
Rugi tahun berjalan/
Loss for the year - - - - (66.012) (66.012)
Pengukuran kembali liabilitas
imbalan kerja jangka panjang/
Remeasurement of defined
benefit liability - - - 151 151
Kerugian yang belum direalisasi
atas kenaikan nilai wajar
efek-efek/
Unrealized loss on increase
in fair value of financial assets - - (150.215) - - (150.215)
Saldo pada tanggal
31 Desember 2024/
Balance as at
December 31, 2024 1.334.891 1.447.186 325.512 791.607 9.545.788 13.444.984
Laba tahun berjalan/
Profit for the year - - - - 19.722 19.722
Pengukuran kembali liabilitas
imbalan kerja jangka panjang/
Remeasurement of defined
benefit liability - - - - 523 523
Keuntungan yang belum direalisasi
atas kenaikan nilai wajar
efek-efek/
Unrealized gain on increase
in fair value of financial assets - - 233.200 - - 233.200
Saldo pada tanggal
31 Desember 2025/
Balance as at
December 31, 2025 1.334.891 1.447.186 558.712 791.607 9.566.033 13.698.429
- I.4 -
Page 580
Lampiran I Attachment I
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
Informasi Tambahan Supplementary Information
Laporan Arus Kas Entitas Induk Parent Company Statement of Cash Flows
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah, unless
kecuali dinyatakan lain) otherwise stated)
2025 2024
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
OPERASI OPERATING ACTIVITIES
Penerimaan bunga 65.864 82.018 Interest received
Penerimaan dari pendapatan
lainnya 11.091 11.767 Other income received
Keuntungan (kerugian) selisih Exchange rate gain (loss)
kurs - bersih 70.232 34.211 - net
Pembayaran beban bunga dan Payment of interest and
keuangan (753.455) (601.155) finance costs
Pembayaran beban usaha (47.620) (22.218) Payment of operating expenses
Operating cash flows before
Rugi operasi sebelum perubahan changes in operating
aset/liabilitas operasi (653.888) (495.377) assets/liabilities
Penurunan (kenaikan) aset: Decrease (increase) in assets:
Investasi jangka pendek (1.079.655) 285.586 Short-term investments
Piutang lain-lain (395.141) (741.986) Other accounts receivables
Aset lain-lain (516.050) (87.515) Other assets
Kenaikan (penurunan) liabilitas: Increase (decrease) in liabilities:
Utang pajak (268) 239 Taxes payable
Liabilitas lain-lain (103) 57.217 Other liabilities
Kas bersih diperoleh dari
(digunakan untuk) Net Cash Provided by (Used in)
Aktivitas Operasi (2.645.105) (981.836) Operating Activities
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
INVESTASI INVESTING ACTIVITIES
Penerimaan dividen 547.571 276.899 Dividends received
Additions in property and
Penambahan aset tetap (371) (190) equipment
Hasil penjualan aset tetap - 2 Proceeds from sale of fixed assets
Keuntungan (kerugian) investasi Short Investment gain (loss)
jangka pendek 32.456 217.664 - net
Keuntungan (kerugian) investasi Long Investment gain (loss)
jangka panjang - net
Pelepasan Investasi dalam saham - 28.232 Divestment in investment in share
Penambahan investasi dalam Placements in investments
saham (255.639) (904.561) in shares
Kas Bersih Digunakan untuk Net Cash Used in Investing
Aktivitas Investasi 324.017 (381.954) Activities
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
PENDANAAN FINANCING ACTIVITIES
Pembayaran utang obligasi (1.179.131) (132.100) Payment from bonds payable
Perolehan utang obligasi 2.144.778 1.495.222 Proceed from bonds payable
Perolehan utang bank 1.361.300 - Proceed from bank loan
Kas Bersih Diperoleh dari Aktivitas Cash Provided by Financing
Pendanaan 2.326.947 1.363.122 Activities
NET INCREASE
KENAIKAN (PENURUNAN) (DECREASE) IN CASH
BERSIH KAS DAN BANK 5.859 (668) AND CASH IN BANK
KAS DAN BANK CASH AND CASH IN BANK AT
AWAL TAHUN 4.004 4.672 THE BEGINNING OF THE YEAR
KAS DAN BANK CASH AND CASH IN BANK AT
AKHIR TAHUN 9.863 4.004 THE END OF THE YEAR
- I.5 -
Page 581
Lampiran I Attachment I
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
Informasi Tambahan Supplementary Information
Catatan atas Laporan Keuangan Entitas Induk Notes to the Parent Company Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah, unless
kecuali dinyatakan lain) otherwise stated)
1. Kas dan Bank 1. Cash and Cash in Banks
2025 2024
Kas 5 5 Cash
Bank Banks
Rupiah Rupiah
Pihak Berelasi Related party
PT Bank Sinarmas Tbk 7.877 2.284 PT Bank Sinarmas Tbk
Pihak Ketiga Third party
PT Bank KB Indonesia Tbk 242 - PT Bank KB Indonesia Tbk
PT Bank Maybank PT Bank Maybank
Indonesia Tbk 122 131 Indonesia Tbk
PT Bank China Construction PT Bank China Construction
Bank Indonesia Tbk 2 - Bank Indonesia Tbk
Jumlah 8.243 2.415 Total
Dolar Amerika Serikat U.S Dollar
Pihak Berelasi Related party
PT Bank Sinarmas Tbk 139 162 PT Bank Sinarmas Tbk
Pihak Ketiga Third party
PT Bank Maybank PT Bank Maybank
Indonesia Tbk 1.476 1.422 Indonesia Tbk
Jumlah 1.615 1.584 Total
Jumlah 9.863 4.004 Total
2. Investasi Jangka Pendek 2. Short-term Investments
2025 2024
Saham 2.544.843 1.741.426 Securities
Deposito berjangka 1.116.300 297.780 Time deposits
Obligasi 150.000 337.000 Bonds
3.811.143 2.376.206
Cadangan kerugian penurunan nilai (175.175) (175.175) Allowance for impairment losses
Jumlah 3.635.968 2.201.031 Total
3. Piutang Lain-lain 3. Other accounts receivable
Pihak berelasi Related parties
Piutang kepada entitas anak 1.477.153 3.646.538 Receivables from subsidiaries
Piutang sewa - 1.282 Lease receivables
Piutang dividen - 15 Dividend receivables
Lain-lain - 273 Others
Jumlah 1.477.153 3.648.108 Total
Pihak ketiga Third parties
Piutang penjualan 40.054 40.054 Sales receivables
Piutang karyawan 25 78 Employee receivables
Lain-lain 274.926 245.828 Others
Jumlah 315.005 285.960 Total
Jumlah 1.792.158 3.934.068 Total
Cadangan kerugian penurunan nilai (65.769) (62.819) Allowance for impairment losses
Jumlah - bersih 1.726.389 3.871.249 Total - net
- I.6 -
Page 582
Lampiran I Attachment I
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
Informasi Tambahan Supplementary Information
Catatan atas Laporan Keuangan Entitas Induk Notes to the Parent Company Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah, unless
kecuali dinyatakan lain) otherwise stated)
4. Investasi dalam Saham 4. Investments in Shares of Stock
Perusahaan 2025 2024 Companies
PT Bank Sinarmas Tbk 3.488.695 3.488.695 PT Bank Sinarmas Tbk
PT Shinta Utama 2.819.210 1.499.210 PT Shinta Utama
PT Arthamas Solusindo 1.683.079 803.079 PT Arthamas Solusindo
PT Sinar Mas Multifinance 1.550.074 1.550.074 PT Sinar Mas Multifinance
PT MSIG Life Insurance IndonesiaTbk 1.102.095 997.095 PT MSIG Life Insurance IndonesiaTbk
PT Rizki Lancar Sentosa 859.804 494.749 PT Rizki Lancar Sentosa
PT Pasar Dana Pinjaman 710.249 710.249 PT Pasar Dana Pinjaman
PT Jakarta Teknologi Utama 562.096 562.096 PT Jakarta Teknologi Utama
PT Sinartama Gunita 430.665 430.665 PT Sinartama Gunita
PT Elang Andalan Nusantara 380.268 366.138 PT Elang Andalan Nusantara
PT Summit Oto Finance 366.309 366.309 PT Summit Oto Finance
PT AB Sinar Mas Multifinance 257.949 257.949 PT AB Sinar Mas Multifinance
PT Bank Nano Syariah 250.000 250.000 PT Bank Nano Syariah
PT Asuransi Sinar Mas 199.998 199.998 PT Asuransi Sinar Mas
PT Hyundai Capital Finance PT Hyundai Capital Finance
Indonesia 169.455 60.000 Indonesia
PT Sinarmas Sekuritas 142.699 142.699 PT Sinarmas Sekuritas
PT Oto Multiartha 139.306 139.306 PT Oto Multiartha
PT SGMW Multifinance Indonesia 114.000 114.000 PT SGMW Multifinance Indonesia
PT Sinar Mitra Sepadan Finance 96.193 96.193 PT Sinar Mitra Sepadan Finance
PT Liugong Finance Indonesia 95.000 95.000 PT Liugong Finance Indonesia
PT Sinarmas Ventura 69.994 69.994 PT Sinarmas Ventura
PT Asuransi Simas Insurtech 61.500 61.500 PT Asuransi Simas Insurtech
PT Sinarmas Hana Finance 52.500 52.500 PT Sinarmas Hana Finance
PT Peduli Sehat Gotongroyong 21.875 21.875 PT Peduli Sehat Gotongroyong
PT Bank China Construction Bank PT Bank China Construction Bank
Indonesia Tbk 13.500 13.500 Indonesia Tbk
PT Balai Lelang Sinarmas 9.999 9.999 PT Balai Lelang Sinarmas
PT Oriente Mas Sejahtera 9.000 9.000 PT Oriente Mas Sejahtera
PT Dana Pinjaman Inklusif 7.600 7.600 PT Dana Pinjaman Inklusif
PT Dana Saham Bersama 4.999 4.999 PT Dana Saham Bersama
PT Pasar Gadai Digital 4.999 2.999 PT Pasar Gadai Digital
Global Asian Investment Limited 4.629 4.629 Global Asian Investment Limited
PT Reasuransi Nusantara Makmur 3.000 3.000 PT Reasuransi Nusantara Makmur
PT Simas Money Changer 2.768 2.768 PT Simas Money Changer
PT Wapindo Jasaartha 2.519 2.519 PT Wapindo Jasaartha
PT Digital Solusindo Nusantara 2.499 2.499 PT Digital Solusindo Nusantara
PT Asuransi Simas Jiwa 1.692 1.692 PT Asuransi Simas Jiwa
Sinarmas Life Insurance, S.A. 1.435 1.435 Sinarmas Life Insurance, S.A.
PT Sinar Artha Trading 1.000 1.000 PT Sinar Artha Trading
Sinar Mas Insurance, S.A. 966 966 Sinar Mas Insurance, S.A.
PT Sinar Artha Inforindo 60 60 PT Sinar Artha Inforindo
PT Sinar Artha Solusindo 60 60 PT Sinar Artha Solusindo
PT Arthamas Informatika 60 60 PT Arthamas Informatika
PT Sinar Artha Konsulindo 50 50 PT Sinar Artha Konsulindo
PT Artha Bina Usaha 12 12 PT Artha Bina Usaha
PT Wapindo Jasa Farma 1 1 PT Wapindo Jasa Farma
Jumlah 15.693.861 12.898.221 Total
Cadangan kerugian penurunan nilai - - Allowance for impairment
Jumlah - bersih 15.693.861 12.898.221 Total - net
- I.7 -
Page 583
Lampiran I Attachment I
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
Informasi Tambahan Supplementary Information
Catatan atas Laporan Keuangan Entitas Induk Notes to the Parent Company Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah, unless
kecuali dinyatakan lain) otherwise stated)
5. Aset Tetap 5. Property and Equipment
Perubahan selama tahun 2025/
Changes during the year 2025
1 Januari/ 31 Desember/
January Penambahan/ Pengurangan/ Reklasifikasi/ December
2025 Additions Deductions Reclassification 2025
Biaya Perolehan: At Cost:
Tanah 17.116 - - - 17.116 Land
Bangunan 10.185 - - - 10.185 Building
Kendaraan - - - - - Motor vehicles
Perlengkapan kantor 14.460 148 - - 14.608 Furniture and fixtures
Peralatan kantor 3.357 223 - - 3.580 Office equipment
Jumlah 45.118 371 - - 45.489 Total
Akumulasi Accumulated
penyusutan: depreciation:
Bangunan 5.091 510 - - 5.601 Building
Kendaraan - - - - - Motor vehicles
Perlengkapan kantor 3.251 148 - 3 3.402 Furniture and fixtures
Peralatan kantor 10.922 231 - (3) 11.150 Office equipment
Jumlah 19.264 889 - - 20.153 Total
Nilai tercatat 25.854 25.336 Net carrying value
Perubahan selama tahun 2024/
Changes during the year 2024
1 Januari/ 31 Desember/
January Penambahan/ Pengurangan/ Reklasifikasi/ December
2024 Additions Deductions Reclassification 2024
Biaya Perolehan: At Cost:
Tanah 17.116 - - - 17.116 Land
Bangunan 10.185 - - - 10.185 Building
Kendaraan 14 - 14 - - Motor vehicles
Perlengkapan kantor 14.300 160 - - 14.460 Furniture and fixtures
Peralatan kantor 3.327 30 - - 3.357 Office equipment
Jumlah 44.942 190 14 - 45.118 Total
Akumulasi Accumulated
penyusutan: depreciation:
Bangunan 4.582 509 - - 5.091 Building
Kendaraan 14 - 14 - - Motor vehicles
Perlengkapan kantor 3.169 82 - - 3.251 Furniture and fixtures
Peralatan kantor 10.722 200 - - 10.922 Office equipment
Jumlah 18.487 791 14 - 19.264 Total
Nilai tercatat 26.455 25.854 Net carrying value
- I.8 -
Page 584
Lampiran I Attachment I
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
Informasi Tambahan Supplementary Information
Catatan atas Laporan Keuangan Entitas Induk Notes to the Parent Company Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah, unless
kecuali dinyatakan lain) otherwise stated)
6. Aset Tetap dalam Rangka Bangun, Kelola, dan 6. Property Under Build, Operate and Transfer
Serah Agreement
Perubahan selama tahun 2025/
Changes during 2025
1 Januari/ 31 Desember
January Penambahan/ Pengurangan/ December
2025 Additions Deductions 2025
Biaya Perolehan: At Cost:
Bangunan 62.690 - - 62.690 Buildings
Peralatan 9.468 - - 9.468 Office equipment
Perlengkapan 7.054 - - 7.054 Furniture and fixtures
Aset dalam pembangunan 61.732 - - 61.732 Building under constructions
Jumlah 140.944 - - 140.944 Total
Akumulasi Accumulated
penyusutan: depreciation:
Bangunan 80.579 6.158 - 86.737 Buildings
Peralatan 9.467 - - 9.467 Office equipment
Perlengkapan 7.637 - - 7.637 Furniture and fixtures
Jumlah 97.683 6.158 - 103.841 Total
Nilai tercatat 43.261 37.103 Net carrying value
Perubahan selama tahun 2024/
Changes during 2024
1 Januari/ 31 Desember
January Penambahan/ Pengurangan/ December
2024 Additions Deductions 2024
Biaya Perolehan: At Cost:
Bangunan 62.690 - - 62.690 Buildings
Peralatan 9.468 - - 9.468 Office equipment
Perlengkapan 7.054 - - 7.054 Furniture and fixtures
Aset dalam pembangunan 61.732 - - 61.732 Building under constructions
Jumlah 140.944 - - 140.944 Total
Akumulasi Accumulated
penyusutan: depreciation:
Bangunan 46.456 34.123 - 80.579 Buildings
Peralatan 9.467 - - 9.467 Office equipment
Perlengkapan 7.054 583 - 7.637 Furniture and fixtures
Jumlah 62.977 34.706 - 97.683 Total
Nilai tercatat 77.967 43.261 Net carrying value
7. Aset Lain-Lain 7. Other Assets
2025 2024
Pihak berelasi Related parties
Advanced payment for
Uang muka setoran modal 424.456 2.295 capital stock
Sewa dibayar dimuka 2.387 2.387 Prepaid rent
Simpanan jaminan 201 193 Security deposits
Biaya dibayar dimuka 18 15 Prepaid expenses
Jumlah 427.062 4.890 Total
Pihak ketiga Third parties
Uang muka investasi 845.544 758.457 Advances for investments
Pajak dibayar dimuka 8.314 5.894 Prepaid taxes
Advanced payment for
Uang muka setoran modal 500 500 capital stock
Jumlah 854.358 764.851 Total
Jumlah 1.281.420 769.741 Total
- I.9 -
Page 585
Lampiran I Attachment I
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
Informasi Tambahan Supplementary Information
Catatan atas Laporan Keuangan Entitas Induk Notes to the Parent Company Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah, unless
kecuali dinyatakan lain) otherwise stated)
8. Utang Pajak 8. Taxes Payable
2025 2024
Pajak penghasilan Taxes Payable
Pasal 21 370 763 Article 21
Pasal 29 132 21 Article 29
Pasal 23 16 2 Article 23
Jumlah 518 786 Total
9. Utang Obligasi 9. Bonds Payable
2025 2024
Nilai nominal 7.196.719 6.225.850 Nominal value
Biaya transaksi yang belum diamortisasi (30.208) (24.986) Unamortized transaction costs
Jumlah 7.166.511 6.200.864 Total
10. Utang bank 10. Bank loan
2025 2024
Nilai nominal 1.400.000 - Nominal value
Biaya transaksi yang belum diamortisasi (38.700) - Unamortized transaction costs
Jumlah 1.361.300 - Total
11. Liabilitas Lain-lain 11. Other Liabilities
2025 2024
Pihak berelasi Related parties
Pendapatan sewa diterima dimuka 974 1.078 Unearned revenues
Pihak ketiga Third parties
Utang dividen 417 417 Dividend payable
Lain-lain 57.578 57.577 Others
Jumlah 57.995 57.994 Total
Jumlah 58.969 59.072 Total
- I.10 -
Page 586
Lampiran I Attachment I
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
Informasi Tambahan Supplementary Information
Catatan atas Laporan Keuangan Entitas Induk Notes to the Parent Company Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah, unless
kecuali dinyatakan lain) otherwise stated)
12. Modal Saham 12. Capital stock
Susunan kepemilikan saham Perusahaan pada The share ownership in the Company as at
tanggal 31 Desember 2025 dan 2024 adalah December 31, 2025 and 2024 follows:
sebagai berikut:
Berdasarkan Seri Saham By Series of Shares
2025 dan/and 2024
Nilai Nominal
per Saham
(dalam Rppenuh)
Jumlah Nominal Jumlah
Lembar Saham Value Modal Disetor/
Number of per share Total paid-up
Jenis saham % Shares (in full Rp) Capital stock Shares
Seri A 2,24% 142.474.368 5.000 712.372 Seri A
Seri B 97,76% 6.225.190.349 100 622.519 Seri B
Jumlah 100,00% 6.367.664.717 1.334.891 Total
Berdasarkan Kepemilikan Pemegang Saham By Ownership Interest
2025
Jumlah
Lembar Saham/
Number
Pemegang Saham % of Shares Stockholders
PT Sinar Mas Cakrawala 40,34% 2.568.361.683 PT Sinar Mas Cakrawala
Bank of Singapore Limited S/A PT Sinar Mas Bank of Singapore Limited S/A PT Sinar
Cakrawala 9,42% 600.000.000 Mas Cakrawala
Indra Widjaja 0,03% 2.183.700 Indra Widjaja
Masyarakat (masing-masing di bawah 5%) 50,21% 3.197.119.334 Public (below 5% each)
Jumlah 100,00% 6.367.664.717 Total
2024
Jumlah
Lembar Saham/
Number
Pemegang Saham % of Shares Stockholders
PT Sinar Mas Cakrawala 43,08% 2.743.462.323 PT Sinar Mas Cakrawala
Bank of Singapore Limited S/A PT Sinar Mas Bank of Singapore Limited S/A PT Sinar
Cakrawala 9,42% 600.000.000 Mas Cakrawala
Indra Widjaja 0,03% 2.178.800 Indra Widjaja
Masyarakat (masing-masing di bawah 5%) 47,47% 3.022.023.594 Public (below 5% each)
Jumlah 100,00% 6.367.664.717 Total
- I.11 -
Page 587
Lampiran I Attachment I
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
Informasi Tambahan Supplementary Information
Catatan atas Laporan Keuangan Entitas Induk Notes to the Parent Company Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah, unless
kecuali dinyatakan lain) otherwise stated)
13. Pendapatan 13. Income
2025 2024
Pendapatan dividen 547.571 276.899 Dividend Income
Gain on Sale Short-Term
Keuntungan penjualan Investment (Marketable
Investasi jangka pendek 32.456 223.855 securities)
Bunga 65.864 82.018 Interest Income
Keuntungan kurs Gain on foreign currency
mata uang asing - bersih 70.232 34.211 exchange - net
Sewa 9.570 11.745 Rent
Keuntungan dari investasi Gain on investment in
pada unit reksadana 122.082 6.552 units of mutual funds
Keuntungan penjualan aset tetap - 2 Gain on sale of fixed assets
Lainnya 1.521 22 Others
Jumlah 849.296 635.304 Total
14. Beban Umum dan Administrasi 14. General and Administrative Expenses
2025 2024
Beban profesional 10.529 5.113 Professional fee
Beban listrik, air dan telepon 6.130 6.523 Electricity, water and telephone
Beban sewa 5.868 4.823 Rent
Beban asuransi 1.280 276 Insurance
Teknologi informasi 961 1.513 Information technology
Jamsostek 510 - Jamsostek
Beban perjalanan 337 32 Travelling
Beban iklan 182 153 Advertising
Beban administrasi efek 43 38 Securities administration expenses
Perlengkapan kantor 10 20 Office supplies
Beban Perbaikan dan Pemeliharaan - 62 Repair and maintenance expenses
Lain-Lain 11.672 11.265 Others
Jumlah 37.522 29.818 Total
15. Liabilitas imbalan Kerja Jangka Panjang 15. Long-Term Employee Benefits Liability
Mulai tanggal 2 Februari 2021, Grup melakukan Starting from February 2, 2021, the Group
perhitungan liabilitas imbalan kerja jangka calculated the employee benefit liabilities based on
berdasarkan Undang-Undang No. 11 Tahun 2020 the Law No. 11 of 2020 on Job Creation (the “Job
tentang Cipta Kerja (“Undang-Undang Cipta Kerja”) Creation Law”) and Government Regulation No. 35
dan peraturan Pemerintah No. 35 Tahun 2021 of 2021 regarding fixed-term employment contract,
tentang Perjanjian Kerja Waktu Tertentu, Alih outsourcing, work time and rest time, and
Daya, Waktu Kerja dan Waktu Istirahat, dan employment termination. Before Government
Pemutusan Hubungan Kerja. Sebelum Peraturan Regulation No. 35 of 2021 was enacted, the
Pemerintah No. 35 Tahun 2021 diberlakukan, calculation of employee benefit liabilities was based
perhitungan liabilitas imbalan kerja didasarkan on Law No. 13 of 2003.
pada Undang-Undang No. 13 Tahun 2003.
- I.12 -
Page 588
Lampiran I Attachment I
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
Informasi Tambahan Supplementary Information
Catatan atas Laporan Keuangan Entitas Induk Notes to the Parent Company Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah, unless
kecuali dinyatakan lain) otherwise stated)
Presiden Republik Indonesia telah menetapkan The President of the Republic of Indonesia has
Peraturan Pemerintah Pengganti Undang Undang issued Government Regulation in Lieu of Law No. 2
No. 2 Tahun 2022 tentang Cipta Kerja (Perppu of 2022 concerning Job Creation (Perppu Cipta
Cipta Kerja 2/2022) pada tanggal 30 Desember Kerja 2/2022) on December 30, 2022 which is the
2022 yang merupakan pelaksanaan dari Putusan implementation of the Constitutional Court Decision
MK Nomor 91/PUU-XVIII/2020. Dengan berlakunya Number 91/PUU-XVIII/2020. With the enactment of
Perppu ini, UU No. 11/2020 tentang Cipta Kerja this Perppu, Law no. 11/2020 concerning Job
dicabut dan dinyatakan tidak berlaku. Creation is repealed and declared invalid.
Untuk pendanaan imbalan kerja jangka Panjang To fund the long-term employee benefits, the
tersebut, Perusahaan menyelenggarakan program Company has a defined benefit pension plan for all
dana pension manfaat pasti untuk seluruh eligible permanent employees. The benefits will be
karyawan tetap yang memenuhi syarat. Imbalan paid when the employee retires, is permanently
tersebut akan dibayarkan pada saat karyawan disabled or dismissed.
pension, cacat tetap atau diberhentikan.
Perusahaan telah menunjuk PT Asuransi Simas The Company has appointed PT Asuransi Simas
Jiwa untuk mengelola program pension tersebut Jiwa to manage the pension program through the
melalui Dana Pensiun Lembaga Keuangan Simas Simas Jiwa Financial Institution Pension Fund, the
Jiwa, yang pendiriannya telah disahkan menurut establishment of which has been ratified according
Keputusan Dewan Komisioner Otoritas Jasa to the Decree of the Board of Commissioners of
Keuangan No. KEP-61/NB.1/2018 tanggal 16 the Financial Services Authority No. KEP-
Oktober 2018 mengenai Pengesahan atas 61/NB.1/2018 dated October 16, 2018 regarding
Peraturan Dana Pensiun dari Dana Pensiun the Ratification of the Pension Fund Regulation of
Lembaga Keuangan (DPLK) Simas Jiwa. the Simas Jiwa Financial Institution Pension Fund
(DPLK).
Perhitungan aktuaria terakhir atas liabilitas imbalan The latest actuarial calculation of long-term
kerja jangka panjang dilakukan oleh KKA V Agus employee benefit liabilities is carried out by KKA V
Basuki, aktuaris independen, tertanggal Agus Basuki, independent actuaries, dated
10 Februari 2026. February 10, 2026.
Jumlah karyawan yang berhak atas imbalan kerja The number of employees who are entitled to long-
(iuran kerja) jangka panjang tersebut masing- term employee benefits (employment contributions)
masing sebanyak 44 dan 35 karyawan pada tahun are 44 and 35 employees in 2025 and 2024,
2025 dan 2024. respectively.
Jumlah yang diakui dalam laporan laba rugi dan The amounts recognised in the statement of profit
penghasilan komprehensif lain sehubungan or loss and other comprehensive income in relation
dengan imbalan pasti adalah sebagai berikut: to defined benefits are as follows:
2025 2024
Present value of defined
Nilai kini kewajiban imbalan pasti 2.987 2.184 benefit obligation
Nilai wajar aset program (3.415) (3.130) Fair value of plan assets
Pendapatan pada aset program 428 946 Impact of asset ceiling
Jumlah liabilitas imbalan kerja Total long-term employee benefit
jangka panjang - - liabilities
- I.13 -
Page 589
Lampiran I Attachment I
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
Informasi Tambahan Supplementary Information
Catatan atas Laporan Keuangan Entitas Induk Notes to the Parent Company Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah, unless
kecuali dinyatakan lain) otherwise stated)
Jumlah-jumlah yang diakui dalam laporan laba rugi The amounts recognised in the statement of profit
dan penghasilan komprehensif lain sehubungan or loss and other comprehensive income in relation
dengan imbalan pasti adalah sebagai berikut: to defined benefits are as follows:
2025 2024
Biaya jasa kini 670 194 Current service costs
Biaya bunga neto 67 172 Net interest expense
Pendapatan pada aset program (67) (172) Income on plan assets
Impact IFRIC - - Impact IFRIC
Komponen biaya imbalan pasti yang Component of defined benefits
diakui di laba rugi 670 194 cost recognised in profit or loss
Pengukuran kembali liabilitas imbalan pasti Remeasurment on the defined benefits
keuntungan aktuarial yang diakui dalam liability - actuarial gain recognised
penghasilan komprehensif lain (670) (194) in other comprehensive income
Jumlah - - Total
Biaya imbalan pasti untuk tahun berjalan disajikan The current service cost and the net interest
sebagai bagian dari “Beban Umum dan expense are included in the “General and
Administrasi”. administrative expenses” in the profit or loss.
Mutasi liabilitas imbalan kerja jangka panjang Movements of long-term employee benefit liability
adalah sebagai berikut: follows:
2025 2024
Liabilitas imbalan kerja jangka panjang Balance at the beginning
pada awal tahun - - of the year
Beban imbalan kerja jangka panjang Expense of long-term employee
tahu berjalan 670 194 benefits
Adjustment of employee benefit
Keuntungan yang timbul dari perubahan Actuarial gain arising from
asumsi aktuarial (670) (194) changes in assumptions
Liabilitas imbalan kerja jangka panjang
pada akhir tahun - - Balance at the end of the year
Analisa sensitivitas dari perubahan asumsi-asumsi The sensitivities of the overall long-term employee
utama terhadap liabilitas imbalan kerja jangka benefit liabilities follows:
panjang adalah sebagai berikut:
31 Desember/December 31, 2025
Dampak terhadap liabilitas imbalan pasti/
Impact on Defined Benefit Liability
Perubahan Kenaikan Penurunan
Asumsi/ Asumsi/ Asumsi//
Changes Increase Decrease
In Assumption In Assumption In Assumption
Tingkat diskonto 1% (228) 596 Discount rate
31 Desember/December 31, 2024
Dampak terhadap liabilitas imbalan pasti/
Impact on Defined Benefit Liability
Perubahan Kenaikan Penurunan
Asumsi/ Asumsi/ Asumsi//
Changes Increase Decrease
In Assumption In Assumption In Assumption
Tingkat diskonto 1% (119) 134 Discount rate
- I.14 -
Page 590
Lampiran I Attachment I
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
Informasi Tambahan Supplementary Information
Catatan atas Laporan Keuangan Entitas Induk Notes to the Parent Company Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah, unless
kecuali dinyatakan lain) otherwise stated)
Asumsi aktuarial utama yang digunakan untuk The principal actuarial assumptions used in the
menghitung imbalan kerja jangka panjang adalah valuation of the defined post-employment benefits
sebagai berikut: liability are as follows:
2025 2024
Usia pensiun normal 59 55 Retirement age
Tingkat diskonto 6,51% 7,1% Discount rate
Tingkat kenaikan gaji 7,0% 8,0% Salary growth rate
Tabel mortalita Indonesia - IV (2019) Indonesia - IV (2019) Mortality age
16. Pajak Penghasilan 16. Income Taxes
Pajak Kini Current tax
Rekonsiliasi antara laba sebelum pajak menurut A reconciliation between profit before tax per
laporan laba rugi dan penghasilan komprehensif statements of profit or loss and other
lain dengan laba kena pajak adalah sebagai comprehensive income and taxable income
berikut: follows:
2025 2024
Laba sebelum pajak menurut Profit before tax per
laporan laba rugi dan statements of profit or loss
penghasilan komprehensif lain 23.945 (64.189) and other comprehensive income
Perbedaaan temporer: Temporer differences:
Imbalan kerja jangka panjang 670 194 long-term employee benefits
Perbedaaan tetap: Permanent differences:
Keuntungan atas penurunan nilai
wajar-efek yang diukur pada Unrealized gain on increase
nilai wajar melalui laba rugi in fair value
Beban umum dan administrasi 787.243 641.088 General and administrative expenses
Beban penyusutan aset tetap 6.668 35.216 Depreciation expense
Beban sewa 4.327 4.335 Rent expenses
Beban lain-lain 11.714 11.696 Other expenses
Rugi (laba) selisih kurs (70.232) (34.211) Loss on foreign exchange
Pendapatan sewa (9.569) (11.139) Rent income
Pendapatan bunga (39.460) (69.793) Interest income
Kerugian (keuntungan) dari Gain from investment in units
investasi pada unit reksa dana (122.082) (6.552) of mutual funds
Pendapatan dividen (547.571) (276.899) Dividend income
Pendapatan atas penjualan Income from sale of short
Investasi jangka pendek (28.734) (223.855) term investment
Kerugian penurunan nilai piutang 2.950 2.591 Loss on impairment of receivables
Jumlah (4.747) (72.477) Total
Laba kena pajak (rugi fiskal) 19.869 8.482 Taxable profit (tax loss)
Beban pajak kini 4.371 1.866 Current tax expense
Pajak dibayar dimuka 4.239 1.845 Prepaid taxes
Jumlah utang pajak kini 132 21 Current tax payable amount
- I.15 -
Page 591
Lampiran I Attachment I
PT SINAR MAS MULTIARTHA TBK PT SINAR MAS MULTIARTHA TBK
Informasi Tambahan Supplementary Information
Catatan atas Laporan Keuangan Entitas Induk Notes to the Parent Company Financial Statements
Untuk Tahun-tahun Yang Berakhir For the Years Ended
31 Desember 2025 dan 2024 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions Rupiah, unless
kecuali dinyatakan lain) otherwise stated)
Pajak Tangguhan Deferred Tax
Dikreditkan (dibebankan) ke/
Credit (charged) to
Penghasilan
Komprehensif
1 Januari/ Lain/Other 31 Desember/
January Laba rugi/ comprehensive December
2025 Profit and loss income 2025
Aset Pajak Tangguhan Deferred Tax Assets
Imbalan kerja jangka Long term employee
panjang 147 (147) benefits
Dikreditkan (dibebankan) ke/
Credit (charged) to
Penghasilan
Komprehensif
1 Januari/ Lain/Other 31 Desember/
January Laba rugi/ comprehensive December
2024 Profit and loss income 2024
Aset Pajak Tangguhan Deferred Tax Assets
Imbalan kerja jangka Long term employee
panjang - 43 (43) benefits
Rekonsiliasi antara jumlah beban pajak dan laba A reconciliation between the total tax expense and
akuntansi Perusahaan yang dihitung berdasarkan the amounts computed by applying the effective
tarif pajak yang berlaku adalah sebagai berikut: tax rate follows:
2025 2024
Laba sebelum pajak menurut Profit before tax per statements
laporan laba rugi dan of profit or loss and
penghasilan komprehensif lain 23.945 (64.189) other comprehensive income
Beban pajak atas dasar tarif Tax expense at effective
pajak yang berlaku 5.268 (14.122) tax rates
Pengaruh pajak atas Tax effects of permanent
perbedaan tetap: differences:
Beban umum dan General and administrative
administrasi 173.193 141.039 expenses
Beban penyusutan aset tetap 1.467 7.747 Depreciation expense
Beban sewa 952 954 Rent expenses
Beban lain-lain 2.577 2.573 Other expenses
Rugi (Laba) selisih kurs (15.451) (7.526) Loss on foreign exchange
Pendapatan sewa (2.105) (2.451) Rent income
Pendapatan bunga (8.681) (15.354) Interest income
Kerugian (keuntungan) dari Gain from investment in units
investasi pada unit reksa dana (26.858) (1.441) of mutual funds
Pendapatan dividen (120.466) (60.918) Dividend income
Pendapatan atas penjualan Income from sale of short
investasi jangka pendek (6.321) (49.248) term investment
Kerugian penurunan nilai Loss on impairment of
piutang 649 570 receivables
Jumlah (1.044) 15.945 Total
Beban pajak Perusahaan 4.223 1.823 Tax expense of the Company
- I.16 -
Page 592
PT Sinar Mas Multiartha Tbk
Menara Tekno Lt. 7 / 7th Fl.
Jl. Fachruddin No. 19
Jakarta Pusat / Central Jakarta 10250
(021) 392 5660
(021) 392 5788
multiartha@smma.co.id
2025
Laporan Tahunan
www.smma.co.id Annual Report
Names mentioned 319 people and organisations named in the text · linked when the evidence is strong
unresolved
org
Financial Services Authority
p.2 ×10
unresolved
—
51/POJK.03/2017 / POJK Criteria Disclosure
p.7
unresolved
org
PT Bank Nano Syariah
p.25 ×6
unresolved
org
PT Pasar Dana Pinjaman
p.25 ×12
unresolved
org
PT Asuransi Sinar Mas
p.27 ×25
unresolved
org
PT Sinarmas Ventura
p.27 ×4
unresolved
org
PT Wapindo Jasaartha.
p.27 ×10
unresolved
org
PT Asuransi Simas Insurtech
p.27 ×4
unresolved
org
PT AB Sinarmas Multifinance
p.27 ×2
unresolved
org
PT Sinarmas Sekuritas
p.27 ×4
unresolved
org
Indonesia Stock Exchange
p.29 ×7
unresolved
org
Global Asian Investments Limited
p.32
unresolved
org
PT Asuransi Sinar Mas Syariah
p.32 ×2
unresolved
org
PT Sinar
p.32 ×5
unresolved
org
PT Rizki Lancar Sentosa
p.32 ×10
unresolved
org
PT AB Sinar Mas Multifinance
p.33 ×9
unresolved
org
PT Lembaga Sertifikasi Profesi Asuransi Kompetensi Indonesia
p.33 ×3
unresolved
org
Bank Indonesia
p.39 ×28
unresolved
—
Closing and Appreciation
· Penutup dan Apresiasi
p.40
unresolved
org
management for the commitment, dedication, and efforts made
· atas komitmen, dedikasi, serta upaya yang telah dilakukan dalam
p.40
unresolved
org
in managing the Company throughout 2025.
· mengelola Perseroan sepanjang tahun 2025. Dewan Komisaris
p.40
unresolved
—
also extends its gratitude to the Shareholders
· juga mengucapkan terima kasih kepada para Pemegang Saham
p.40
unresolved
org
for their continued trust and support. Appreciation is also
· atas kepercayaan dan dukungan yang terus diberikan. Apresiasi
p.40
unresolved
org
extended to the Financial Services Authority and Bank
· turut disampaikan kepada Otoritas Jasa Keuangan dan Bank
p.40
unresolved
org
has an adequate foundation to continue growing
· Perseroan memiliki fondasi yang memadai untuk terus bertumbuh
p.40
unresolved
—
amid the existing dynamics.
· di tengah dinamika yang ada. Dewan Komisaris akan senantiasa
p.40
unresolved
—
strategic advice optimally in order to support
· secara optimal guna mendukung Direksi dalam mencapai target
p.40
unresolved
—
in achieving the established targets and maintaining
· yang telah ditetapkan serta menjaga keberlanjutan kinerja
p.40
unresolved
—
ensured that such changes did not reduce
· Perseroan memastikan bahwa dinamika perubahan tersebut
p.49
unresolved
org
management functions. The competencies and experience
· oleh Direksi. Kompetensi dan pengalaman anggota Direksi yang
p.49
unresolved
person
Vice
· Wakil Direktur Utama
p.51 ×2
unresolved
—
Served
· Director
p.52 ×3
unresolved
org
Bank Singapura
p.52
unresolved
org
Bank Singapore
p.52
unresolved
org
PT Super Wahana Tehno
p.52 ×5
unresolved
org
PT Super Wahana
p.52
unresolved
org
PT Borneo
p.52
unresolved
org
PT Roundhill
p.52
unresolved
org
PT Roundhill Capital Indonesia
p.52 ×2
unresolved
org
PT Golden
p.52
unresolved
org
Energy Mines Tbk
p.52
unresolved
org
PT Roundhill Capital
p.52
unresolved
org
Kementerian Keuangan
p.53 ×3
unresolved
org
Ministry of Finance
p.53 ×2
unresolved
org
Pengawas Pasar Modal
p.53
unresolved
org
Pengawas
p.53 ×2
unresolved
org
PT Permodalan Dewan Pengawas
p.53
unresolved
person
Nasional Madani
· Anggota
p.53
unresolved
org
Apexindo Pertama Duta Tbk
p.53 ×4
unresolved
org
Bank Examiner
p.54
unresolved
org
Bank Pengawas Bank
p.54
unresolved
org
Bank Indonesia Bali
p.54 ×2
unresolved
org
PT Bank Barclays
p.54
unresolved
org
PT Bank Barclays Indonesia
p.54
unresolved
org
Technology Tbk
p.54 ×5
unresolved
person
Committee
· Komisaris
p.54
unresolved
org
PT Sinar Mas Agro Resources
p.54 ×4
unresolved
org
PT Sinar Mas Agro
p.54
unresolved
org
Urusan Cess-Direktorat
p.56
unresolved
org
Directorate General of Agricultural Plantation Jenderal Perkebunan Pertanian
p.56
unresolved
org
PT Intraport
p.56
unresolved
org
PT Intraport Teh Jaya
p.56
unresolved
org
Bank Deputi Gubernur Bank Indonesia
p.56
unresolved
org
Menteri Koordinator
p.56
unresolved
org
Koperasi Indonesia Bandung
p.56 ×2
unresolved
org
Bank NA
p.58
unresolved
org
Bank NA Jakarta Kemudian
p.58
unresolved
org
PT Perdana Waralaba
p.58
unresolved
org
PT Voksel Cable
p.58 ×2
unresolved
org
PT Dana Usaha Makmur
p.58
unresolved
org
PT Dana
p.58
unresolved
org
PT Dana Pinjaman Inklusif
p.58 ×6
unresolved
org
PT Dana Pinjaman Selain
p.58
unresolved
org
Sentosa Tbk
p.58
unresolved
org
PT Sinar Mas Ventura
p.58 ×4
unresolved
org
PT Sistem Loka Triprima
p.58 ×4
unresolved
org
PT Sistem Loka
p.58
unresolved
org
PT Data Opal Terpadu
p.58 ×8
unresolved
org
Mulyamin Sensi Suryanto
p.59 ×2
unresolved
org
PT AB Sinar Mas
p.59 ×3
unresolved
org
PT Simas Poin Indonesia
p.59 ×2
unresolved
org
Ministry of Finance Republik Indonesia
p.59
unresolved
—
Concurrent Position Menjabat
· Direktur
p.59
unresolved
org
PT Dana Saham Bersama
p.59 ×6
unresolved
org
PT Shinta Utama
p.59 ×12
unresolved
org
PT Artha Bina
p.59 ×6
unresolved
org
PT Balai
p.59
unresolved
org
PT Balai Lelang Lelang Sinarmas
p.59
unresolved
org
PT Digital Solusindo Nusantara
p.59 ×5
unresolved
org
PT Pasar Gadai Digital
p.59 ×5
unresolved
org
BAPEPAM
p.60 ×10
unresolved
org
Menteri Keuangan
p.60
unresolved
org
Kementerian Ketenagakerjaan
p.60
unresolved
org
Ministry of Manpower
p.60
unresolved
org
Milik Negara
p.60
unresolved
org
Penyehatan Perbankan Nasional
p.60
unresolved
org
Bank Restructuring Agency
p.60
unresolved
org
Indonesia Deposit Insurance Corporation
p.60
unresolved
org
Multiartha Tbk
p.61 ×3
unresolved
org
PT Bogasari
p.61
unresolved
org
Bogasari Flour Mills Tbk
p.61 ×2
unresolved
org
PT Intertama
p.61
unresolved
org
PT Intertama Trikencana Bersinar Trikencana Bersinar
p.61
unresolved
org
PT Mitra Dinamika Kapital
p.61
unresolved
org
PT Aldiracita Sekuritas Indonesia
p.61 ×2
unresolved
—
Serving
· Director
p.62
unresolved
org
Indonesia Tbk
p.62 ×2
unresolved
org
PT Adira Quantum Multifinance
p.62 ×4
unresolved
org
PT United
p.62
unresolved
org
PT United Overseas Overseas Bank Indonesia
p.62
unresolved
person
Tjong Keputusan RUPS
p.63
unresolved
person
Lynn
p.63
unresolved
org
PT Internas Arta Finance Financial
p.66
unresolved
org
Menteri Kehakiman Republik Indonesia
p.66 ×2
unresolved
org
PT Internas Arta Leasing
p.66 ×4
unresolved
org
Internas Arta Multiartha Tbk
p.66 ×2
unresolved
person
Veronica Lily Dharma
p.66 ×2
unresolved
org
Menteri Kehakiman Republik Legal Basis of Establishment Indonesia
p.66
unresolved
person
Akta Notaris Benny Kristianto
p.66 ×4
unresolved
org
PT Internas Arta
p.66
unresolved
org
Minister of Justice
p.66 ×3
unresolved
org
West Jakarta District Court
p.66
unresolved
org
PT Sinar Mas Cakrawala Indra Widjaja SMMA
p.67
unresolved
org
Menteri Hukum Jumlah Saham
p.67
unresolved
person
Aulia Taufani
p.67
unresolved
org
PT Sinarmas Futures
p.67 ×2
unresolved
org
PT Kebayoran
p.67
unresolved
org
PT Kebayoran Parama Propetindo
p.67
unresolved
org
PT Sinar Mas Asuransi Syariah
p.67 ×3
unresolved
org
PT Internas
p.68 ×2
unresolved
org
PT Internas Arta Finance
p.68 ×3
unresolved
person
Ir. Dumoly
p.69
unresolved
org
PT Arthamas Milestones
p.70
unresolved
org
PT Asuransi Sumit Oto.
p.70 ×4
unresolved
org
PT Arthamas Solusindo
p.70 ×7
unresolved
org
PT Jakarta Pengawas Pasar Modal
p.70
unresolved
org
PT Bursa Efek Surabaya.
p.70
unresolved
org
PT Asuransi Jiwa Sinarmas
p.70 ×3
unresolved
org
PT MSIG Life Insurance
p.70
unresolved
org
PT Asuransi Jiwa Sinarmas Market Supervisory Agency
p.70
unresolved
org
PT Jakarta Exchange
p.70
unresolved
org
Life Insurance Indonesia Tbk
p.70 ×4
unresolved
org
Asuransi Jiwa Sinarmas MSIG Tbk
p.70 ×8
unresolved
org
PT Shinta
p.70
unresolved
org
Global Asian Investment Limited
p.70 ×3
unresolved
org
PT Summit Auto Group
p.71 ×2
unresolved
org
PT Sinar Mas Extraordinary GMS
p.71
unresolved
org
PT Sinar Artha Konsulindo
p.71 ×3
unresolved
org
PT Oto Multiartha Umum Pemegang Saham
p.71
unresolved
org
PT Panji Ratu
p.71 ×2
unresolved
org
PT Sinarmas Hana Finance
p.71 ×5
unresolved
org
PT Surya Mitra Sejati
p.71 ×2
unresolved
org
PT Century
p.71
unresolved
org
PT Asuransi Jiwa Mega Life
p.71
unresolved
org
PT Asuransi Simas Jiwa
p.71 ×16
unresolved
org
PT Oto
p.71
unresolved
org
PT Summit Oto Finance General Meeting
p.71
unresolved
org
PT Century Tokyo Leasing Indonesia
p.71
unresolved
org
PT Asuransi Jiwa Mega
p.71
unresolved
org
PT Dana Pinjaman Entitas Anak
p.72
unresolved
org
PT Asuransi Simas Jiwa Syariah
p.72 ×2
unresolved
org
PT Reasuransi Nusantara Makmur
p.72 ×4
unresolved
org
PT Sinar Mitra Sepadan
p.72 ×2
unresolved
org
Orix Corporation
p.72 ×2
unresolved
org
PT AB Sinar
p.72 ×3
unresolved
org
PT Asuransi Simas Net
p.72 ×6
unresolved
org
PT SGMW Multifinance Indonesia
p.72 ×5
unresolved
org
PT MSIG Life
p.72
unresolved
org
Insurance Indonesia Tbk
p.72
unresolved
org
PT Asuransi Jiwa
p.72
unresolved
org
Sinarmas MSIG Tbk
p.72
unresolved
org
PT Sinar Mitra Sepadan Finance
p.72 ×2
unresolved
org
PT Century Tokyo
p.72
unresolved
org
PT Oriente Mas Sejahtera
p.72 ×2
unresolved
org
PT Peduli Sehat Gotong Royong
p.72 ×4
unresolved
org
PT Sinar Artha Trading
p.72 ×4
unresolved
org
PT Sinarmas Hana
p.72
unresolved
org
PT Century Tokyo Leasing
p.72
unresolved
org
PT Peduli
p.72
unresolved
org
PT Zimba Onix Mustika
p.73 ×4
unresolved
org
PT Hyundai Capital
p.73
unresolved
org
PT Liugong Finance Indonesia
p.73 ×2
unresolved
org
PT Sinar Mas Multifinance Loka Triprima
p.73
unresolved
org
PT Hyundai Capital Finance Indonesia
p.73 ×2
unresolved
org
PT Liugong Finance
p.73
unresolved
org
PT Shinta Utama. Insurance
p.73
unresolved
org
PT AB Sinar Bonds Phase II
p.73
unresolved
org
Investments Limited
p.73 ×2
unresolved
org
PT Sinar Mas Asuransi
p.73 ×2
unresolved
org
PT Kreasi Retail Nusantara
p.73 ×4
unresolved
org
PT Bima Multi Finance
p.73 ×2
unresolved
org
PT Sinar Mas Asuransi Rp
p.73
unresolved
org
PT Pasar Dana
p.73
unresolved
org
PT Lembaga Sertifikasi Profesi Asuransi
p.73
unresolved
org
Bank Syariah
p.76
unresolved
org
PT Simas Money Changer
p.78 ×2
unresolved
org
PT Sinarmas Penjamin Kredit
p.78
unresolved
org
PT KB Insurance Indonesia
p.78 ×2
unresolved
org
PT Asuransi Jiwa Sinarmas Syariah
p.78
unresolved
org
PT Orientee Mas Sejahtera
p.79 ×2
unresolved
org
PT Wapindo Jasa Farma
p.79 ×3
unresolved
org
PT Simas Sehat Sejahtera
p.79 ×3
unresolved
org
PT Dana Digital Group
p.79 ×2
unresolved
org
PT Arthamas Informatika
p.79 ×2
unresolved
org
PT Balai Lelang Sinarmas
p.79 ×2
unresolved
org
PT Sinar Artha Inforindo
p.79 ×2
unresolved
org
PT Sinar Artha Solusindo
p.79 ×2
unresolved
org
PT Techno Karya Utama
p.79 ×2
unresolved
org
PT Tokoonderdil Karya Utama
p.79
unresolved
org
PT Techno Mandiri Utama
p.79 ×2
unresolved
org
PT Autopro Utama Perkasa
p.79 ×2
unresolved
org
PT Berkat Surya Mandiri
p.79
unresolved
org
PT Citra Grahareksa Abadi
p.79 ×2
unresolved
org
Bank Perbankan Syariah
p.80
unresolved
org
PT Reasuransi Nusantara
p.80
unresolved
org
PT Digital Solusindo
p.81
unresolved
org
PT Tokoonderdil Karya
p.82
unresolved
org
PT Berkat Surya Mentari
p.82
unresolved
org
PT Peduli Sehat Gotong
p.83
unresolved
org
PT SGMW Multifinance
p.83
unresolved
org
PT Hyundai Capital Finance
p.83
unresolved
org
PT Liugong Finance Multifinance
p.83
unresolved
org
PT Bank Shinta Indonesia
p.84 ×2
unresolved
org
Bank Shinta
p.84 ×2
unresolved
org
Reksa Dana Star Stable Income Fund
p.85
unresolved
org
Reksa Dana Simas Pendapatan Optima
p.85
unresolved
org
Reksa Dana Indeks Simas Sri Kehati
p.85
unresolved
org
Reksa Dana Indeks STAR Infobank
p.85
unresolved
org
Reksa Dana Star Stable Income Fund Kelas Utama
p.85
unresolved
org
Bank Garansi
p.86 ×2
unresolved
person
Rusmin
· Komisaris Independen
p.86 ×2
unresolved
org
Bank Sinarmas Prioritas Branch Office
p.88 ×2
unresolved
org
Bank Sinarmas. Launching
p.88
unresolved
org
Bank Sinarmas Cash Deposit
p.88
unresolved
org
PT Jamkrindo
p.90 ×2
unresolved
org
Bank Awards
p.92 ×2
unresolved
org
Kementerian Koperasi
p.92
unresolved
person
Nana Supriana
· Komisaris Independen
p.98 ×2
unresolved
person
Horas Parsaulian Perdede
· Komisaris Independen
p.98 ×2
unresolved
person
Tonny Latidjan
· Komisaris Independen
p.109 ×2
unresolved
person
Tengku Said Idris
· Komisaris Independen
p.118 ×2
unresolved
—
Dewi Listyaningty
· Direktur
p.118
unresolved
person
Iman Tjahya Abdulah
· Komisaris Independen
p.129 ×2
unresolved
person
J. Chandra Setiawan Puspito
· Komisaris Independen
p.129 ×4
unresolved
org
PT Reasuransi Nusantara Makmur Alamat Kantor Pusat Head
p.132
unresolved
org
PT Reinsurance Nusantara Makmur
p.132
unresolved
person
Mohammad Shaifie Zein
· Komisaris Independen
p.132 ×2
unresolved
person
Rizal Novandi
· Komisaris Independen
p.132 ×2
unresolved
person
Herry Hermana S
· Komisaris Independen
p.141 ×2
unresolved
org
Reksa Dana Online
p.152
unresolved
person
Ir. IJ. Soegeng Wibowo
p.152 ×2
unresolved
person
Irawan Chandra
· Komisaris Independen
p.152 ×2
unresolved
person
H. Fachruddin
p.158
unresolved
org
PT Simas Sehat Sejahtera Klinik Simas Sehat Sejahtera
p.168
unresolved
org
PT Wapindo Jasa Farma Penjualan Obat-Obatan
p.168
unresolved
person
Supporting Organ
· Komisaris
p.245
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