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2025
LAPORAN TAHUNAN
Annual Report
Memperkuat Fondasi
untuk Pertumbuhan
Berkelanjutan
Strengthening Fundamentals
for Sustainable Growth
PT Trimegah Bangun Persada Tbk
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PENJELASAN TEMA
Theme Explanation
2025 LAPORAN TAHUNAN
Annual Report
Memperkuat Fondasi untuk
Pertumbuhan Berkelanjutan
Strengthening Fundamentals
for Sustainable Growth
Menghadapi tahun 2025 yang ditandai oleh dinamika industri nikel global, volatilitas
harga komoditas, serta meningkatnya tuntutan keberlanjutan dan efisiensi operasional,
fokus Perseroan adalah memperkokoh fondasi bisnis sebagai prasyarat utama
pertumbuhan jangka panjang yang berkelanjutan. Perseroan menempatkan penguatan
fundamental operasional, keandalan pasokan, keunggulan biaya, serta disiplin investasi
sebagai prioritas strategis untuk menjaga ketahanan usaha dan daya saing.
Penguatan fondasi tersebut diwujudkan melalui optimalisasi portofolio pertambangan,
pendalaman integrasi rantai nilai, serta stabilisasi dan optimalisasi proyek hilirisasi yang
telah memasuki fase operasi. Sejalan dengan itu, integrasi aspek Lingkungan, Sosial, dan
Tata Kelola (ESG) diterapkan secara menyeluruh sebagai bagian dari strategi Perseroan
dalam menciptakan nilai jangka panjang yang berkelanjutan bagi pemegang saham dan
seluruh pemangku kepentingan.
Entering 2025 amid ongoing volatility in the global nickel industry, fluctuating commodity prices, and rising
expectations for sustainability and operational efficiency, the Company’s focus is to strengthen its business
fundamentals as a prerequisite for long-term sustainable growth. The Company prioritizes the reinforcement
of operational fundamentals, supply reliability, cost competitiveness, and investment discipline to maintain
business resilience and enhance long-term competitiveness.
These strengthened fundamentals are realized through the optimization of the Company’s mining portfolios,
deeper value chain integration, and the stabilization and optimization of downstream projects that have entered
the operational phase. In parallel, Environmental, Social, and Governance (ESG) principles are embedded across
the Company’s business processes as an integral part of its strategy to create sustainable long-term value for
shareholders and all stakeholders.
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GLOSARIUM
Glossary
ENTITAS
Entity
PT BBS PT Bhakti Bumi Sentosa PT KKT PT Kreasi Kemakmuran Tambang
PT BJL PT Baja Jaya Lestari PT KPS PT Karunia Permai Sentosa
PT BKJR PT Budhi Kemakmuran Jayaraya PT KTS PT Karya Tambang Sentosa
PT CDJM PT Citra Duta Jaya Makmur PT MSP PT Megah Surya Pertiwi
PT CKM PT Cipta Kemakmuran Mitra PT OAM PT Obi Anugerah Mineral
PT DCM PT Dharma Cipta Mulia PT OMJ PT Obira Mitra Jaya
PT GPS PT Gane Permai Sentosa PT ONC PT Obi Nickel Cobalt
PT GTS PT Gane Tambang Sentosa PT OSS PT Obi Stainless Steel
PT HJF PT Halmahera Jaya Feronikel PT TBP PT Trimegah Bangun Persada Tbk
PT HJR PT Harita Jayaraya HPALI HPAL International Trading (Ningbo) Co., Ltd.
PT HPL PT Halmahera Persada Lygend KPSI KPS International Trading (Ningbo) Co., Ltd.
PT JMP PT Jikodolong Megah Pertiwi ONCI ONC International Trading (Ningbo) Co., Ltd.
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ISTILAH
Terms
AP KAP Akuntan Publik / Kantor Akuntan Publik NPI Nickel Pig Iron
BEI / IDX Bursa Efek Indonesia / Indonesia Stock Exchange OJK Otoritas Jasa Keuangan
DSTF Dry Stack Tailings Facility RAT Rencana Audit Tahunan
ESDM Energi dan Sumber Daya Mineral / Energy of Mineral RKAB Rencana Kerja dan Anggaran Biaya / Work Plan and
Resources Budget
ESG Environmental, Social & Governance RKAP Rencana Kerja dan Anggaran Perusahaan
EV Electric Vehicle RKEF Rotary Kiln Electric Furnace
FeNi Ferronickel / Feronikel
GCG Good Corporate Governance
SATUAN
HPAL High Pressure Acid Leaching
Unit
HSE Health, Safety & Environment
WMT Wet Metric Ton
JORC Australasian Joint Ore Reserve Committee
MWp Megawatt Peak
LFP Lithium Ferro Phospate
Rp / IDR Rupiah / Indonesia Rupiah
LHA Laporan Hasil Audit
Ni Metal Ton Nickel Metal Ton
LME London Metal Exchange
AS$ / US$ Dollar Amerika Serikat / United State Dollar
MHP Mixed Hydroxide Precipitate
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DAFTAR ISI
Table of Contents
01
Visi, Misi, dan Nilai Inti Perusahaan Demografi Karyawan
88
Vision, Mission, and Corporate Core 60 Employee Demographics
Values
Informasi Pemegang Saham per 1
Kegiatan Usaha Januari 2025 dan 31 Desember 2025
62 90
Ikhtisar Business Activity Shareholders Information as of January
Kinerja Produk yang Dihasilkan
1, 2025 and December 31, 2025
Performance 64
Product Offered Komposisi Pemegang Saham Utama/
Highlights Pengendali
Wilayah Operasional 92
65 Composition of Main/Controlling
Operational Area Shareholders
Ikhtisar Keuangan Entitas Anak
12 66 Struktur Korporasi
Financial Highlights Subsidiaries 94
Corporate Structure
Ikhtisar Saham Entitas Asosiasi
14 67 Daftar Entitas Anak dan
Stock Highlights Associate Entities Entitas Asosiasi
Penghargaan dan Sertifikasi 96
16 Struktur Organisasi List of Subsidiaries and
Awards and Certifications 68 Associated Entities
Organizational Structure
Peristiwa Penting Keanggotaan Dalam Asosiasi Kronologis Pencatatan Saham
26 70 98
Event Highlights Membership In Association Chronology of Share Listing
Informasi Situs Web Perusahaan Kronologis Penerbitan Efek Lainnya
72 98
Information of the Company’s Website Chronology of Other Securities
Informasi Penggunaan Jasa Akuntan
02
Profil Dewan Komisaris
74 Publik dan Kantor Akuntan Publik
Profile of the Board of Commissioners
Information on the Use of Public 99
Pernyataan Independensi Komisaris Accountant and Public Accounting Firm
Independen Services
77
Laporan Statement of Independence of
Manajemen Independent Commissioner Lembaga Profesi Penunjang
99
Supporting Professions and Institutions
Management Perubahan Komposisi Dewan
Report Komisaris pada Tahun 2025
77
Changes in the Composition of the
Board of Commissioners in 2025
04
Laporan Dewan Komisaris
30 Profil Direksi
Board of Commissioners Report 78
Profile of the Board of Directors
Laporan Direksi
36 Perubahan Komposisi Direksi pada
Board of Directors Report Analisis dan
Tahun 2025
83 Pembahasan
Changes in the Composition of the
Manajemen
Board of Directors in 2025
Management
Perubahan Susunan Anggota Direksi,
03
Discussion & Analysis
dan/atau Anggota Dewan Komisaris
Setelah 31 Desember 2025 Sampai
dengan Penyampaian Laporan Tahunan Tinjauan Kondisi Eksternal
102
2025 View on External Conditions
83
Profil Changes in the Composition of Members
Perusahaan Tinjauan Kinerja Operasional
of the Board of Directors and Members 106
Operational Performance Review
Company of the Board of Commissioners After
Profile December 31, 2025, to Submission of Prospek dan Rencana Ke Depan
the 2025 Annual Report 113
Outlook and Future Plans
Profil Kepala Departemen Tinjauan Keuangan
Identitas Perusahaan 84 116
50 Profile Head of Department Financial Overview
Corporate Identity
Riwayat Singkat Perseroan
52
A Brief of the Company
Jejak Langkah
56
Milestones
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05
Sekretaris Perusahaan
06
193
Corporate Secretary
Investor Relations
197
Investor Relations Pertambangan
Tata Kelola Departemen Audit Internal dan Pengolahan
Perusahaan Internal Audit Department
199 yang Bertanggung
Corporate Jawab
Governance Sistem Pengendalian Internal Sustainable Responsible
204
Internal Control System Mining and Processing
Manajemen Risiko
Dasar Acuan Penerapan GCG 206
137 Risk Management Manajemen Keberlanjutan
Basis for the Implementation of GCG
dan Pertambangan dan Pengolahan
Perkara Hukum
Implementasi Prinsip GCG 209 yang Bertanggung Jawab 228
138 Litigation
Implementation of GCG Principles Sustainability Management and
Sanksi Administratif Responsible Mining and Processing
Struktur dan Mekanisme Tata Kelola 210
139 Administrative Sanction
Governance Structure and Mechanisms
Pedoman Etika dan Perilaku
Rapat Umum Pemegang Saham 211
145 Code of Ethics and Conduct
General Meeting of Shareholders Indeks Referensi SEOJK
Kebijakan Pemberian Kompensasi No. 16/SEOJK.04/2021 Tentang Bentuk
Direksi Jangka Panjang Berbasis Kinerja dan Isi Laporan Tahunan Emiten atau
154
Board of Directors kepada Manajemen dan/atau Perusahaan Publik
240
Penilaian Direksi Atas Kinerja Komite Karyawan 212 Reference Index of SEOJK No. 16/
Pendukung Direksi Performance-based Long-term SEOJK.04/2021 Concerning Form and
Board of Directors Assessment of 162 Compensation Policy to Management Content of the Annual Report of the
the Performance of Supporting and/or Employees Issuer or Public Company
Committees Kebijakan Pengungkapan Kepemilikan Pernyataan Tanggung Jawab Laporan
Dewan Komisaris Saham Anggota Direksi dan Dewan Tahunan 2025 oleh Dewan Komisaris
164 Komisaris Statement of Accountability of 262
Board of Commissioners 213
Disclosure Policy of Shares Ownership 2025 Annual Report by the Board of
Penilaian Direksi dan Dewan Komisaris by Members of the Board of Directors Commissioners
Performance Assessment of the and the Board of Commissioners
170 Pernyataan Tanggung Jawab Laporan
Board of Directors and Board of
Commissioners Sistem Pelaporan Pelanggaran Tahunan 2025 oleh Direksi
214 263
Whistleblowing System Statement of Accountability of 2025
Penilaian Kinerja Komite Audit oleh Annual Report by the Board of Directors
Dewan Komisaris Kebijakan Anti Penyuapan/Gratifikasi,
Audit Committee Performance 172 Korupsi, dan Pencucian Uang
Assessment by the Board of Anti Bribery/Gratification, Corruption, 217
Commissioners
Nominasi dan Remunerasi Dewan
and Money Laundering Policy
Kebijakan Konflik Kepentingan
07
Komisaris dan Direksi 219
Conflict of Interest Policy
Nomination and Remuneration of the 174
Laporan
Board of Commissioners and the Board Penerapan Pedoman Tata Kelola
Keuangan
of Directors Perusahaan Terbuka
220 Financial
Implementation of Public Company
Komite Audit Corporate Governance Guidelines Statements
177
Audit Committee
Penerapan Pedoman Tata Kelola
Fungsi Nominasi dan Remunerasi Perusahaan Terbuka Laporan Keuangan
Nomination and Remuneration 185 265
Alignment of Corporate Governance Financial Statements
Function 225
Implementation with the ASEAN
Komite di Bawah Direksi Corporate Governance Scorecard
Committee under the Board of 186 (ACGS)
Directors
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STRATEGI KORPORASI 2025
Corporate Strategy 2025
Di tengah dinamika industri nikel global yang volatil dan kompetitif, Amid volatility and intensifying competition in the global nickel industry,
Perseroan memaknai penguatan fundamental sebagai langkah the Company defines strengthening fundamentals as a strategic
strategis untuk memastikan ketahanan dan daya saing jangka panjang. imperative to ensure long-term resilience and competitiveness. These
Fundamental tersebut mencakup keamanan pasokan sumber daya, fundamentals encompass secure resource supply, cost structure
keunggulan struktur biaya, integrasi hulu–hilir yang terkelola secara excellence, disciplined upstream-to-downstream integration,
disiplin, penguatan organisasi, serta integrasi aspek Lingkungan, organizational strength, and the integration of ESG principles into
Sosial, dan Tata Kelola (ESG) dalam setiap keputusan bisnis. Melalui business decisions. By reinforcing these core pillars, the Company
penguatan elemen-elemen inti ini, Perseroan membangun fondasi establishes a solid foundation for sustainable growth and consistent
yang kokoh untuk tumbuh secara berkelanjutan dan menciptakan nilai value creation for shareholders and stakeholders.
yang konsisten bagi pemegang saham dan pemangku kepentingan.
01
Penguatan Keberlanjutan Pasokan Bijih Nikel Jangka Panjang
Strengthening Long-Term Sustainability of Nickel Ore Supply
Perseroan memprioritaskan optimalisasi portofolio IUP di Pulau Obi, termasuk pengoperasian tambang PT GTS serta
percepatan pengembangan konsesi yang masih dalam tahap pengembangan dan tahap eksplorasi, guna menjamin
keberlanjutan pasokan bijih nikel bagi fasilitas pengolahan hilir. Strategi ini memastikan kesinambungan operasi,
fleksibilitas produksi, serta ketahanan bisnis Perseroan dalam menghadapi dinamika harga nikel global.
The Company prioritizes the optimization of its mining license (IUP) portfolios on Obi Island, including the commencement
of operations at PT GTS and the accelerated development of concessions still in the development and exploration stage,
to ensure the long-term sustainability of nickel ore supply for downstream processing facilities. This strategy supports
operational continuity, production flexibility, and business resilience amid global nickel price volatility.
02
Penguatan Peran sebagai Mitra Strategis Hilirisasi Nikel Nasional
Strengthening the Role as a Strategic Partner in National Nickel Downstreaming
Perseroan terus memperkuat posisinya sebagai mitra strategis utama dalam pengembangan hilirisasi nikel nasional
melalui penyelesaian dan optimalisasi fasilitas RKEF dan HPAL yang telah memasuki fase operasi. Beroperasinya PT KPS
dan tercapainya kapasitas penuh PT ONC memperkuat kontribusi Perseroan dalam rantai pasok baterai kendaraan listrik
global serta meningkatkan daya saing jangka panjang.
The Company continues to strengthen its position as a key strategic partner in Indonesia’s nickel downstreaming
development through the completion and optimization of RKEF and HPAL facilities that have entered the operational
phase. The commissioning of PT KPS and the achievement of full production capacity at PT ONC further enhance the
Company’s contribution to the global electric vehicle battery supply chain and reinforce its long-term competitiveness.
03 Pendalaman Integrasi Rantai Nilai untuk Efisiensi dan Ketahanan Usaha
Deepening Value Chain Integration to Enhance Efficiency and Business Resilience
Perseroan memperdalam integrasi rantai nilai dari hulu hingga hilir di Pulau Obi untuk meningkatkan efisiensi
biaya, keandalan pasokan, dan keunggulan operasional. Pembangunan fasilitas quicklime oleh PT CKM dan inisiatif
pengolahan sisa hasil HPAL melalui PT BBS menjadi bagian dari strategi integrasi vertikal dan penerapan ekonomi
sirkular yang mendukung efisiensi berkelanjutan.
The Company deepens value chain integration from upstream to downstream on Obi Island to improve cost efficiency,
supply reliability, and operational excellence. The development of PT CKM quicklime facility and initiatives to process HPAL
by-products through PT BBS form part of the Company’s vertical integration strategy and circular economy approach,
supporting sustainable operational efficiency.
04 Ekspansi Selektif ke Produk Hilir Baterai Bernilai Tambah
Selective Expansion into Value-Added Battery Downstream Products
Perseroan secara selektif mengeksplorasi peluang investasi strategis pada produk hilir baterai yang memiliki prospek
pertumbuhan jangka panjang, dengan tetap mengedepankan disiplin investasi dan kesehatan keuangan. Setiap rencana
ekspansi dilakukan berdasarkan kajian kelayakan menyeluruh guna memastikan keseimbangan antara pertumbuhan,
risiko, dan pengelolaan modal.
The Company selectively explores strategic investment opportunities in value-added battery downstream products with
long-term growth potential, while maintaining a strong focus on investment discipline and financial soundness. Each
expansion initiative is subject to comprehensive feasibility assessments to ensure a balanced approach between growth,
risk management, and capital allocation.
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05 Pembangunan Ekosistem Nikel Terintegrasi dan Inklusif
Development of an Integrated and Inclusive Nickel Ecosystem
Perseroan membangun ekosistem nikel terintegrasi melalui penguatan kerja sama dengan mitra industri, pemasok lokal,
dan komunitas sekitar wilayah operasional. Pendekatan ini bertujuan menciptakan nilai bersama, memperkuat rantai
pasok, serta menjaga keberlanjutan sosial dan ekonomi sebagai fondasi social license to operate.
The Company develops an integrated nickel ecosystem by strengthening collaboration with industry partners, local
suppliers, and communities surrounding its operational areas. This approach aims to create shared value, reinforce supply
chain resilience, and support long-term social and economic sustainability as the foundation of the Company’s social
license to operate.
06 Integrasi Lingkungan, Sosial, dan Tata Kelola (ESG) sebagai Fondasi Strategi Bisnis
Integration of Environment, Social, and Governance (ESG) as the Foundation of Business Strategy
Perseroan mengintegrasikan aspek Lingkungan, Sosial, dan Tata Kelola (ESG) ke dalam seluruh proses bisnis sebagai
fondasi pertumbuhan berkelanjutan. Integrasi ini diwujudkan melalui penerapan praktik pertambangan dan pengolahan
yang bertanggung jawab dan berstandar internasional, penguatan tata kelola dan manajemen risiko, serta komitmen
terhadap transparansi dan perbaikan berkelanjutan.
Selain itu, Perseroan secara konsisten menjalankan inisiatif dekarbonisasi, pengelolaan lingkungan terpadu,
perlindungan keanekaragaman hayati, serta penghormatan terhadap hak asasi manusia dan pemberdayaan
masyarakat. Dengan pendekatan ini, Perseroan memperkuat daya saing global sekaligus membangun kepercayaan
jangka panjang dari pemangku kepentingan.
The Company integrates Environmental, Social, and Governance (ESG) aspects across all business processes as the
foundation for sustainable growth. This integration is implemented through the adoption of responsible mining and
processing practices aligned with international standards, strengthened governance and risk management frameworks, as
well as a commitment to transparency and continuous improvement.
In addition, the Company consistently advances decarbonization initiatives, integrated environmental management,
biodiversity protection, respect for human rights, and community empowerment. Through this approach, the Company
enhances its global competitiveness while building long-term trust among stakeholders.
07 Inovasi dan Keunggulan Operasional untuk Mempertahankan Posisi Low Cost Producer
Innovation and Operational Excellence to Maintain Low Cost Producer Position
Perseroan terus mendorong inovasi, efisiensi operasional, dan peningkatan produktivitas melalui optimalisasi proses,
pemanfaatan energi berkelanjutan, serta penguatan sistem pengendalian biaya dan keandalan operasi. Strategi ini
diarahkan untuk mempertahankan posisi Perseroan sebagai produsen nikel berbiaya rendah yang tangguh terhadap
volatilitas pasar dan siklus industri.
Sejalan dengan itu, Perseroan membangun organisasi yang adaptif dan berdaya saing melalui pengembangan
kompetensi sumber daya manusia, penguatan budaya kerja berbasis nilai, serta peningkatan kolaborasi lintas fungsi.
Dengan fondasi organisasi yang tangguh, Perseroan memastikan setiap inisiatif strategis dapat dijalankan secara
disiplin, aman, dan tepat waktu.
The Company continuously drives innovation, operational efficiency, and productivity improvements through process
optimization, the utilization of sustainable energy, and the strengthening of cost control systems and operational reliability.
This strategy is aimed at maintaining the Company’s position as a low-cost nickel producer resilient to market volatility and
industry cycles.
In parallel, the Company builds an adaptive and competitive organization through the development of human capital
competencies, the reinforcement of value-based work culture, and enhanced cross-functional collaboration. With a strong
organizational foundation, the Company ensures that each strategic initiative is executed in a disciplined, safe, and timely
manner.
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KILAS KINERJA 2025
2025 Performance Highlights
PENDAPATAN VOLUME PENJUALAN BIJIH NIKEL
Revenues Total Volume of Nickel Ore Sales
Triliun | Trillion juta wmt | million wmt
Rp
29,6 30,6
Pendapatan Perseroan pada tahun 2025, naik 9,9% Volume penjualan bijih nikel tahun 2025 naik 28,8%
dibandingkan Rp27,0 triliun pada tahun 2024. dari 23,8 juta wmt pada tahun 2024.
The Company’s revenues in 2025 increased by 9.9% Total volume of nickel ore sales in 2025 increased by
compared to IDR27.0 trillion in 2024. 28.8% from 23.8 million wmt in 2024.
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LABA BERSIH JUMLAH ASET
Net Income Total Assets
Triliun | Trillion Triliun | Trillion
Rp
11,0 Rp
61,8
Laba bersih tahun 2025, naik 42,2% dari Rp7,7 triliun Jumlah aset per 31 Desember 2025, naik 18,2% dari
pada tahun 2024. Rp52,3 triliun pada tahun 2024.
Net income in 2025 increased by 42.2% from Total assets as of December 31, 2025, increased by
IDR7.7 trillion in 2024. 18.2% from IDR52.3 trillion in 2024.
MARJIN LABA BERSIH RASIO LIABILITAS
Net Profit Margin TERHADAP EKUITAS (DER)
Debt to Equity Ratio (DER)
37,02 %
0,20X
Marjin laba bersih Perseroan pada tahun 2025. Rasio liabilitas terhadap ekuitas (DER) pada tahun
2025, turun dari 0,30x pada tahun 2024, menunjukkan
The Company’s net profit margin in 2025.
tingkat leverage yang semakin rendah serta kapasitas
yang lebih baik dalam menanggung risiko keuangan.
Debt to equity ratio (DER) in 2025, improved from
0.30x in 2024, indicating lower leverage and enhanced
capacity to manage financial risk.
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IKHTISAR
KINERJA
Performance Highlights
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Ikhtisar Kinerja
Performance Highlights
IKHTISAR KEUANGAN
Financial Highlights
dalam juta Rupiah 2025 in million IDR
2024 2023
kecuali disebutkan lain unless stated otherwise
LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF LAIN CONSOLIDATED STATEMENT OF PROFIT AND LOSS AND OTHER
KONSOLIDASIAN COMPREHENSIVE INCOME
Pendapatan 29.632.799 26.965.262 23.857.861 Revenues
Beban Pokok Penjualan (19.941.401) (18.517.976) (15.582.014) Cost of Goods Sold
Laba Kotor 9.691.398 8.447.286 8.275.847 Gross Profit
Laba Tahun Berjalan 10.970.337 7.712.368 7.068.054 Profit for the Year
• Diatribusikan kepada Pemilik Entitas 8.951.516 6.379.504 5.618.997 Attributable to Owners of Parent Company
Induk
• Diatribusikan kepada Kepentingan Non- 2.018.821 1.332.864 1.449.057 Attributable to Non-Controlling Interest
pengendali
Jumlah Penghasilan Komprehensif Tahun 12.428.199 10.251.478 6.759.084 Total Comprehensive Income for the Year
Berjalan
• Diatribusikan kepada Pemilik Entitas 10.152.930 8.674.712 5.424.732 Attributable to Owners of Parent Company
Induk
• Diatribusikan kepada Kepentingan Non- 2.275.269 1.576.766 1.334.352 Attributable to Non-Controlling Interest
pengendali
Laba per Saham Dasar (dalam Rupiah 142,02 101,10 92,39 Basic Earnings per Share (in full IDR)
penuh)
LAPORAN POSISI KEUANGAN KONSOLIDASIAN CONSOLIDATED STATEMENT OF FINANCIAL POSITION
Aset Lancar 14.159.490 13.464.563 11.759.368 Current Assets
Aset Tidak Lancar 47.610.613 38.789.275 33.529.658 Non-Current Assets
Jumlah Aset 61.770.103 52.253.838 45.289.026 Total Assets
Liabilitas Jangka Pendek 6.657.018 5.853.566 9.306.404 Current Liabilities
Liabilitas Jangka Panjang 8.357.220 9.946.218 7.590.659 Non-Current Liabilities
Jumlah Liabilitas 15.014.238 15.799.784 16.897.063 Total Liabilities
Jumlah Ekuitas 46.755.865 36.454.054 28.391.963 Total Equity
Investasi pada Entitas Asosiasi 23.679.002 15.520.930 10.241.751 Investment in Associated Entities
ARUS KAS CASH FLOWS
Arus Kas Aktivitas Operasi 8.601.085 5.708.382 6.785.478 Cash Flows in Operating Activities
Arus Kas Aktivitas Investasi (4.791.345) (2.271.537) (6.676.247) Cash Flows in Investing Activities
Arus Kas Aktivitas Pendanaan (4.504.237) (1.086.900) 2.594.311 Cash Flows in Financing Activities
Kas dan Setara Kas Awal Tahun 6.486.402 3.934.723 1.276.860 Cash and Cash Equivalents at the
Beginning of the Year
Kas dan Setara Kas Akhir Tahun 6.016.371 6.486.402 3.934.723 Cash and Cash Equivalents at the End
of the Year
RASIO-RASIO KEUANGAN KONSOLIDASIAN CONSOLIDATED FINANCIAL RATIOS
Rasio Profitabilitas Profitability Ratio
EBITDA 14.627.616 11.171.096 10.036.552 EBITDA
EBITDA Marjin 49,36% 41,43% 42,07% Margin EBITDA
Laba (Rugi) terhadap Aset 17,76% 14,76% 15,61% Return on Assets (ROA)
Laba (Rugi) terhadap Ekuitas 23,46% 21,16% 24,89% Return on Equity (ROE)
Laba (Rugi) Bersih terhadap Pendapatan 37,02% 28,60% 29,63% Net Profit Margin
Rasio Likuiditas Liquidity Ratio
Rasio Lancar 212,70% 230,02% 126,36% Current Ratio
Rasio Solvabilitas Solvency Ratio
Utang Berbunga Neto terhadap Ekuitas 20,06% 29,67% 30,24% Net Interest-Bearing Debt to Equity
Utang Berbunga Neto terhadap EBITDA 64,13% 96,83% 85,53% Net Interest-Bearing Debt to EBITDA
Liabilitas terhadap Ekuitas 32,11% 43,34% 59,51% Debt to Equity Ratio (DER)
Liabilitas terhadap Aset 24,31% 30,24% 37,31% Debt to Assets Ratio (DAR)
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JUMLAH ASET JUMLAH LIABILITAS JUMLAH EKUITAS
total assets total liabilities total equity
dalam Miliar Rupiah | in Billion IDR dalam Miliar Rupiah | in Billion IDR dalam Miliar Rupiah | in Billion IDR
45.289 52.254 61.770 16.897 15.800 15.014 28.392 36.454 46.756
2023 2024 2025 2023 2024 2025 2023 2024 2025
LABA BERSIH
PENDAPATAN LABA KOTOR TAHUN BERJALAN
revenues gross profit net profit for the year
dalam Miliar Rupiah | in Billion IDR dalam Miliar Rupiah | in Billion IDR dalam Miliar Rupiah | in Billion IDR
23.858 26.965 29.633 8.276 8.447 9.691 7.068 7.712 10.970
2023 2024 2025 2023 2024 2025 2023 2024 2025
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Ikhtisar Kinerja
Performance Highlights
IKHTISAR SAHAM
Stock Highlights
Harga Saham (Rp/Lembar Saham)
Volume
Share Price (IDR/Share)
Transaksi
Kapitalisasi Pasar
(Ribu Nilai Frekuensi
(Rp Juta)
Periode Modal Distetor Lembar) (Rp Juta) (x)
Market
Period Paid-up Capital Transaction Value Frequency
Tertinggi Terendah Penutupan Capitalization
Volume (IDR Million) (x)
Highest Lowest Closing (IDR Million)
(Thousand
shares)
2025
1 Quarter
st
790 575 690 63.098.600.000 43.538 871.494 592.595 109.051
2 Quarter
nd
780 530 660 63.098.600.000 41.645 1.803.701 1.247.368 177.104
3 Quarter
rd
1.235 645 1.190 63.098.600.000 75.087 7.114.340 6.979.955 556.033
4 Quarter
th
1.395 940 1.125 63.098.600.000 70.986 4.176.515 4.690.603 584.423
2024
1st Quarter 1.020 760 875 63.098.600.000 55.211 1.170.337 1.054.362 173.091
2 Quarter
nd
1.085 830 1.010 63.098.600.000 63.730 1.675.310 1.632.136 163.335
3 Quarter
rd
1.010 855 900 63.098.600.000 56.789 3.218.092 3.428.044 107.680
4 Quarter
th
945 730 755 63.098.600.000 47.639 722.049 624.209 88.177
Harga (Rp) Volume (lembar)
Price (IDR) Volume (Shares)
1.200 4.000.000
1.050 3.500.000
900 3.000.000
750 2.500.000
600 2.000.000
450 1.500.000
300 1.000.000
150 500.000
0 0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2024 2025
Harga Penutupan Saham (Rp)
Shares Closing Price (IDR) Volume (lembar) | Volume (Shares)
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AKSI KORPORASI SAHAM STOCK CORPORATE ACTION
Perseroan melaksanakan program pembelian kembali saham The Company implemented a share buyback program as part of its
(buyback) sebagai bagian dari upaya menjaga fleksibilitas pengelolaan efforts to maintain flexibility in capital management while reflecting
modal sekaligus mencerminkan keyakinan manajemen terhadap management’s confidence in the Company’s fundamentals and long-
fundamental dan prospek jangka panjang Perseroan. Program buyback term prospects. The buyback program obtained shareholders’ approval
telah memperoleh persetujuan pemegang saham melalui Rapat Umum through the 2024 and 2025 Annual General Meetings of Shareholders
Pemegang Saham Tahunan (“RUPST”) tahun 2024 dan 2025, masing- (“AGMS”), each with a maximum value of IDR1 trillion and a buyback
masing dengan nilai maksimum sebesar Rp1 triliun dan jangka waktu period of up to 12 months from the date of the respective AGMS
pelaksanaan paling lama 12 bulan sejak tanggal persetujuan RUPS. approval.
Hingga 31 Desember 2025, Perseroan telah merealisasikan pembelian As of December 31, 2025, the Company had repurchased approximately
kembali saham sebanyak 110,7 juta lembar saham dengan total nilai 110.7 million shares with a total value of IDR75.6 billion, of the total
Rp75,6 miliar dari total nilai buyback yang disetujui dalam RUPST 2024 buyback value approved under the 2024 and 2025 AGMS. The average
dan RUPST 2025. Adapun harga rata-rata pembelian kembali saham repurchase price was IDR682.81 per share.
tercatat sebesar Rp682,81 per lembar saham.
Rincian realisasi pembelian kembali saham adalah sebagai berikut: Details of the share buyback realization are as follows:
Periode Persetujuan Periode Pelaksanaan Jumlah Saham Pembelian Kembali Saham Nilai (Rp)
Approval Period Execution Period Total Shares Repurchased Value (IDR)
RUPST 2024 Januari–April 2025
52.220.800 32.133.528.000
2024 AGMS January–April 2025
RUPST 2025 Juli–September 2025
58.512.500 43.476.517.000
2025 AGMS July–September 2025
INFORMASI PENGHENTIAN SAHAM SEMENTARA TEMPORARY SUSPENSION OF SHARES
Tidak pernah terjadi penghentian sementara (suspension), dan/atau There has never been a suspension and/or delisting on the NCKL stock
pembatalan pencatatan saham (delisting) pada perdagangan saham trading in 2025.
NCKL pada tahun 2025.
INFORMASI EFEK LAINNYA OTHER SECURITIES INFORMATION
Sampai dengan 31 Desember 2025, Perseroan tidak menerbitkan Until December 31, 2025, the Company did not issue any other securities
efek lainnya seperti Obligasi, Medium Term Notes (MTN), Sukuk, dan such as Bonds, Medium Term Notes (MTN), Sukuk, and Convertible
Obligasi Konversi. Bonds.
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Ikhtisar Kinerja
Performance Highlights
PENGHARGAAN DAN SERTIFIKASI
Awards and Certifications
6 Februari | February
18 Februari | February
Fortune Award 2024: JakTV Indonesia Digital Sustainability
Fortune Change the World Awards 2025:
Indonesia Best Digital Awards 2025 in
Fortune Indonesia
Energy and Mining Industry for Integrated
Business Operations and Sustainable
Business Model
JakTV
26 Februari | February
30 April | April
PR Indonesia Award 2025: Indonesia CSR Awards 2025
Bronze Medal for Harita Nickel Magazine The Best CSR Awards 2025 for
Empowering Local Communities Through
PR Indonesia
Social & Economic Innovation
Warta Ekonomi
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8 Mei | May
23 Mei | May
Mata Lokal Awards Serikat Perusahaan Pers Awards:
Best Sustainability in Women's Silver Winner The Best E-Magazine
Enterprise Partner Corporate Indonesia Inhouse Magazine
Awards (InMA) 2025
Tribun Network
Serikat Perusahaan Pers (SPS)
11 Juni | June
Top CSR Awards 2025:
Top CSR Awards # STAR 4
Top Brand
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Ikhtisar Kinerja
Performance Highlights
21 Juli | July
1 Agustus | August
Anugerah ESG 2025: Indonesia PR Popular Companies Awards
IDX Channel Anugerah ESG 2025 2025 in Mining Category At 6th Indonesia
Public Relations Summit 2025
IDX Channel
The Iconomics
1 Agustus | August
11 September | September
Anugerah Ekonomi Hijau Detikcom: Katadata Green Initiative Award 2025:
Inisiatif Pemanfaatan Sisa Hasil Renewable Energy Acceleration in
Pengolahan Nikel untuk Mendukung National Strategic Industry Category
Keberlanjutan
Katadata
Detikcom Green Economy Award: Initiative
to Utilize Nickel Processing By-Products to
Support Sustainability
Detikcom
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11 September | September
12 September | September
Corporate Secretary in Compliance: Fortune Indonesia 100
SWA Corporate Secretary Champion
Fortune Indonesia
Award 2025
SWA
26 September | September
30 September | September
Malam Apresiasi Emiten Indeks 52 CSR & Pembangunan Desa Berkelanjutan
Tempo dan IDNFinancials (PDB) Awards 2025:
Tempo and IDNFinancials Index 52 Program Rute (Kategori Gold)
Issuer Appreciation Night CSR & Sustainable Village
Development (PDB) Awards 2025: Rute
Tempo & IDN
Program (Gold Category)
Kementerian Desa dan Pembangunan Daerah Tertinggal
(Kemendes PDT)
Ministry of Villages and Development of Disadvantaged Regions
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Ikhtisar Kinerja
Performance Highlights
30 September | September
30 September | September
CSR & Pembangunan Desa Berkelanjutan CSR & Pembangunan Desa Berkelanjutan
(PDB) Awards 2025: (PDB) Awards 2025:
Program Obi Sehati (Kategori Gold) Program Optimasi Sutan (Kategori Silver)
CSR & Sustainable Village CSR & Sustainable Village Development
Development (PDB) Awards 2025: Obi (PDB) Awards 2025:
Sehati Program (Gold Category) Optimasi Sutan Program (Silver Category)
Kementerian Desa dan Pembangunan Daerah Tertinggal Kementerian Desa dan Pembangunan Daerah Tertinggal
(Kemendes PDT) (Kemendes PDT)
Ministry of Villages and Development of Disadvantaged Regions Ministry of Villages and Development of Disadvantaged Regions
30 September | September
30 September | September
CSR & Pembangunan Desa Berkelanjutan CSR & Pembangunan Desa Berkelanjutan
(PDB) Awards 2025: (PDB) Awards 2025:
Program Harita Mengajar (Kategori Silver) Program Cegah Stunting (Kategori Silver)
CSR & Sustainable Village Development CSR & Sustainable Village Development
(PDB) Awards 2025: (PDB) Awards 2025:
Harita Mengajar Program (Silver Category) Stunting Prevention Program (Silver
Category)
Kementerian Desa dan Pembangunan Daerah Tertinggal
(Kemendes PDT) Kementerian Desa dan Pembangunan Daerah Tertinggal
Ministry of Villages and Development of Disadvantaged Regions (Kemendes PDT)
Ministry of Villages and Development of Disadvantaged Regions
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30 September | September
22 Oktober | October
Investortrust CSR Awards 2025: Anugerah Liputan 6:
Impact Excellence Award Inspirasi 2025 Kategori Tanggung
Jawab Bisnis - Program UMKM dan
Investortrust
Kewirausahaan Terbaik
Liputan 6 Inspiration Awards 2025 –
Business Responsibility Category – Best
MSME and Entrepreneurship Program
Liputan 6
24 Oktober | October
24 Oktober | October
Subroto Award: Subroto Award: Program Pengembangan
Program Pengembangan dan dan Pemberdayaan Masyarakat Terinovatif
Pemberdayaan Masyarakat Terinovatif Komoditas Mineral Kategori Pendidikan
Komoditas Mineral Kategori Kesehatan untuk inisiatif Rumah Belajar Komunitas
untuk Program Soligi Zero Stunting Subroto Award: Most Innovative Community
Subroto Award: Most Innovative Community Development and Empowerment Program in
Development and Empowerment Program the Mineral Commodity Sector – Education
in the Mineral Commodity Sector – Health Category, for the Community Learning House
Category, for the Soligi Zero Stunting Program Initiative
Kementerian Energi dan Sumber Daya Mineral (ESDM)
Kementerian Energi dan Sumber Daya Mineral (ESDM)
Ministry of Energy and Mineral Resources
Ministry of Energy and Mineral Resources
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Ikhtisar Kinerja
Performance Highlights
3 November | November
7 November | November
Asia Corporate Excellence & Energy Outlook & Communication Excellent
Sustainability (ACES) Awards Award 2025:
Best Media Engagement on Energy
MORS Group
Issues
Fokus Energi - SKK Migas – Universitas Padjadjaran
10 November | November
Indonesia Sustainable Synergy Awards
2025:
Recovery of Ecological Functions and
Improving Community Well-Being
NNC dan Plus Ide Komunika
NNC and Plus Ide Komunika
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13 November | November
20 November | November
Indonesia Sustainable Synergy Awards ESG Appreciation 2025
2025: in Social Innovation
Best Social Business Innovation Awards
Investor Daily
2025
The Iconomics
25 November | November
25 November | November
Business and Human Rights (BHR) Indonesia ESG Leadership Awards
Early Adopting Company: 2025: Progressive Achiever in ESG
B Rating Transparency - BBB Rating
SETARA Institute for Peace & Democracy Bumi Global Karbon Foundation
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Ikhtisar Kinerja
Performance Highlights
4 Desember | December
5 Desember | December
GeoInnovation Awards 2025: Investing on Climate by Editor’s Choice
Sustainability Impact Awards 2025:
Best Emission Reduction
Esri Indonesia
Investing on Climate - Indonesia Stock Exchange (IDX)
5 Desember | December
5 Desember | December
Investing on Climate by Editor’s Choice Investing on Climate by Editor’s Choice
Awards 2025: Awards 2025:
Best New Renewable Energy Investment Best Literacy for Climate Resilience
Investing on Climate - Indonesia Stock Exchange (IDX) Investing on Climate - Indonesia Stock Exchange (IDX)
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5 Desember | December
10 Desember | December
10 Desember | December
Investing on Climate Tempo Energy Day: CNBC Indonesia
by Editor’s Choice Green Corporate Awards 2025:
Awards 2025: Movement Integrated Nickel
Inspirational Figures Ecosystem
Tempo
in Environmental Leadership
and Social
CNBC Indonesia
Sustainability
Investing on Climate - Indonesia
Stock Exchange (IDX)
10 Desember | December
18 Desember | December
GENTING Award 2025: Kumparan Impact Makers 2025:
Gold Award Impact on Accountable Nickel Mining
Kementerian Kependudukan dan Pembangunan Keluarga/ Kumparan
Kepala BKKBN
Ministry of Population and Family Development/Head of BKKBN
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Ikhtisar Kinerja
Performance Highlights
PERISTIWA PENTING
Event Highlights
18 JUNI
June
Rapat Umum Pemegang Saham Tahun 2025 termasuk pembagian dividen Perseroan
untuk periode tahun buku 2024, dengan total nilai dividen sebanyak Rp1,9 triliun atau
Rp30,357 (tiga puluh koma tiga lima tujuh Rupiah) per lembar saham.
Annual General Meeting of Shareholders 2025 including distribution of the dividend
net for the fiscal year of 2024, with the total value of IDR1.9 trillion or IDR30.357 per
share.
25 JUNI
June
Pengambilalihan seluruh saham milik PT HJR oleh Perseroan dalam PT ONC sebesar
20% atau setara dengan Rp4,25 triliun, sehingga total kepemilikan Perseroan dalam
PT ONC sebesar 40%.
The Company has acquired all shares owned by PT HJR in PT ONC, representing a
20% ownership, for a total transaction value of IDR4.25 trillion, therefore Company's
ownership in PT ONC reached 40%.
3 JULI
July
Pada Juli 2025, Perseroan menjadi bagian dari Seri Indeks FTSE4Good dalam dua
kategori: Indeks Pasar Berkembang dan Indeks ASEAN 5.
On July 2025, the Company is a constituent of the FTSE4Good Index Series under two
categories: The Emerging Markets Index and The ASEAN 5 Index.
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2 OKTOBER
October
Perseroan melalui entitas asosiasi yang secara tidak langsung dimiliki oleh Perseroan yaitu
PT BBS dan mitra strategis mendirikan perusahaan patungan yaitu PT BJL yang bergerak
di bidang industri besi dan baja dasar (iron & steel making), industri pipa dan sambungan
pipa dari baja dan besi, serta pengolahan dan pembuangan limbah berbahaya.
Kepemilikan saham PT BBS dalam PT BJL adalah 99,99%.
The Company through its indirectly owned associated entity by the Company, namely
PT BBS, along with its strategic partner, have established a joint venture company named
PT BJL which engaged in Iron and Steel Making Industry, Steel and Iron Pipe and Pipe
Fitting Industry and Hazardous Waste Processing and Disposal. The PT BBS’s share
ownership in PT BJL is 99,99%.
13 NOVEMBER
November
Entitas anak Perseroan, yaitu PT GTS telah melakukan penjualan bijih nikel saprolit
untuk mendukung operasional dari Entitas Anak dan Entitas Asosiasi Perseroan yakni
PT HJF dan PT KPS.
The Company’s subsidiary, namely PT GTS, has sold saprolite nickel ore to support
the operations of the Company’s Subsidiary and Associated Entity, namely PT HJF
and PT KPS.
31 DESEMBER
December
Entitas asosiasi Perseroan, yaitu PT KPS telah beroperasi dengan kapasitas penuh
untuk 8 (delapan) lini produksi RKEF.
The Company’s associated entity, namely PT KPS, has been operating at full capacity
for 8 (eight) RKEF production lines.
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LAPORAN
MANAJEMEN
Management Report
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Laporan Manajemen
Management Report
LAPORAN
DEWAN KOMISARIS
board of commissioners report
Donald J.
Hermanus
Komisaris Utama
President Commissioner
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LAPORAN
DEWAN KOMISARIS
board of commissioners report
Menurut pandangan Dewan Komisaris, Perseroan telah
menunjukkan kemampuan adaptasi dan pengelolaan
usaha yang baik di tengah tekanan industri nikel global
yang masih berlangsung sepanjang tahun 2025.
In the view of the Board of Commissioners, the Company demonstrated strong
adaptability and sound business management amid the continued pressures facing the
global nickel industry throughout 2025.
Para Pemegang Saham dan pemangku Distinguished Shareholders and Stakeholders,
kepentingan yang terhormat,
Atas nama Dewan Komisaris, kami menyampaikan laporan pelaksanaan On behalf of the Board of Commissioners, we hereby present the
fungsi pengawasan terhadap pengelolaan dan jalannya usaha report on the implementation of our supervisory function over the
Perseroan selama tahun buku yang berakhir pada 31 Desember 2025. management and operations of the Company for the financial year
ended December 31, 2025.
Di tengah dinamika industri nikel global yang masih penuh tantangan, Amid the challenging dynamics of the global nickel industry,
Perseroan mampu mempertahankan kinerja yang solid melalui the Company was able to maintain solid performance through
peningkatan kinerja operasional, disiplin pengelolaan biaya, serta improved operational performance, disciplined cost management,
konsistensi dalam menjalankan strategi jangka panjang. Dewan and consistency in executing its long-term strategy. The Board of
Komisaris menilai bahwa Direksi telah menjalankan fungsi pengelolaan Commissioners believes that the Board of Directors has managed the
usaha secara efektif, prudent, dan selaras dengan kepentingan jangka Company effectively, prudently, and in alignment with the long-term
panjang Perseroan dan pemegang saham. interests of the Company and its shareholders.
PANDANGAN ATAS KONDISI EKSTERNAL OUTLOOK ON EXTERNAL CONDITIONS
Sepanjang tahun 2025, industri nikel global masih menghadapi Throughout 2025, the global nickel industry continued to face pressure
tekanan akibat ketidakseimbangan antara pasokan dan permintaan due to the ongoing imbalance between supply and demand, resulting
yang berlanjut, sehingga harga nikel berada pada level yang lebih in nickel prices remaining at lower levels compared to the previous
rendah dibandingkan tahun sebelumnya. Rata-rata harga nikel LME year. The average LME nickel price was recorded at US$15,162 per
tercatat sebesar AS$15.162 per MT, turun 19,0% dibandingkan tahun MT, down 19.0% from 2024. This condition was driven by increased
2024. Kondisi tersebut dipengaruhi oleh peningkatan kapasitas global production capacity, particularly in Asia, while demand growth
produksi global, khususnya di kawasan Asia, sementara pertumbuhan remained more moderate.
permintaan berlangsung lebih moderat.
Di sisi lain, dinamika geopolitik, fragmentasi perdagangan global, At the same time, geopolitical dynamics, global trade fragmentation,
serta perubahan kebijakan industri di negara-negara maju turut and evolving industrial policies in major economies continued to
membentuk lanskap baru industri bahan baku kendaraan listrik dunia. reshape the global EV raw material industry landscape. Sustainability
Standar keberlanjutan, transparansi rantai pasok, dan ketertelusuran standards, supply chain transparency, and mineral traceability have
mineral kini menjadi faktor penting dalam menjaga akses pasar global, become increasingly important factors in maintaining global market
khususnya untuk industri baterai kendaraan listrik. access, particularly for the EV battery industry.
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Laporan Manajemen
Management Report
Di tengah kondisi tersebut, program hilirisasi nasional terus Amid these conditions, the national downstreaming program continued
memperkokoh posisi Indonesia dalam rantai pasok nikel global melalui to strengthen Indonesia’s position in the global nickel supply chain
peningkatan produksi produk bernilai tambah seperti FeNi, nickel through increased production of value-added products such as FeNi,
matte, dan MHP. Dewan Komisaris memandang bahwa perkembangan nickel matte, and MHP. The Board of Commissioners believes that
industri hilir nasional menjadi fondasi penting bagi keberlanjutan the development of the domestic downstream industry provides an
pertumbuhan industri nikel Indonesia sekaligus membuka peluang important foundation for the sustainable growth of Indonesia’s nickel
jangka panjang bagi pelaku usaha yang memiliki integrasi operasional industry, while also creating long-term opportunities for business
dan daya saing global yang kuat. players with strong operational integration and global competitiveness.
PENILAIAN TERHADAP KINERJA DIREKSI ASSESSMENT OF THE BOARD OF DIRECTORS’ PERFORMANCE
Dewan Komisaris menilai Direksi berhasil menjalankan strategi usaha The Board of Commissioners believes that the Board of Directors
secara efektif di tengah tekanan harga komoditas global yang masih successfully executed the Company’s business strategy effectively amid
berlangsung. Fokus Direksi pada disiplin operasional, peningkatan ongoing pressure on global commodity prices. The Board of Directors’
utilisasi kapasitas, integrasi hulu–hilir, serta disiplin pengendalian biaya focus on operational discipline, higher capacity utilization, upstream–
terbukti mampu menjaga pertumbuhan dan profitabilitas Perseroan. downstream integration, and disciplined cost control has proven
effective in maintaining the Company’s growth and profitability.
Dari sisi operasional, Perseroan mencatat peningkatan volume From an operational perspective, the Company recorded an increase
penjualan bijih nikel menjadi 30,59 juta wmt, meningkat 28,8% in nickel ore sales volume to 30.59 million wmt, representing a 28.8%
dibandingkan pada tahun sebelumnya. Penjualan FeNi meningkat increase compared to the previous year. FeNi sales increased to 188,581
menjadi 188.581 ton kandungan nikel dalam FeNi dari 126.344 ton tons of nickel contained in FeNi from 126,344 tons in the previous year,
pada tahun sebelumnya, sementara penjualan MHP dan turunannya while MHP and its derivative nickel sulfate (NiSO4) product sales reached
nikel sulfat (NiSO4) mencapai 130.551 metal ton dari 102.054 metal 130,551 metal tons compared to 102,054 metal tons in the previous year.
ton pada tahun sebelumnya. Peningkatan ini terutama didukung This increase was primarily supported by the optimization of RKEF and
oleh optimalisasi fasilitas RKEF dan HPAL, termasuk kontribusi penuh HPAL facilities, including the full-year contribution from PT ONC and
PT ONC sepanjang tahun berjalan dan beroperasinya 8 (delapan) lini operate of 8 (eight) production lines PT KPS.
produksi PT KPS.
Dari sisi keuangan, Perseroan membukukan pendapatan sebesar From a financial perspective, the Company recorded revenue of
Rp29.633 miliar, meningkat 9,9% dibandingkan tahun sebelumnya. IDR29,633 billion, an increase of 9.9% compared to the previous year.
Laba tahun berjalan meningkat signifikan menjadi Rp10.970 miliar dari Profit for the year increased significantly to IDR10,970 billion from
Rp7.712 miliar pada tahun 2024, sedangkan laba yang diatribusikan IDR7,712 billion in 2024, while profit attributable to owners of the parent
kepada pemilik entitas induk meningkat menjadi Rp8.952 miliar. entity rose to IDR8,952 billion. The Company also succeeded in further
Perseroan juga berhasil memperkuat struktur permodalan dengan strengthening its capital structure, with total equity reaching IDR46,756
total ekuitas mencapai Rp46.756 miliar dan rasio leverage yang semakin billion and healthier leverage ratios. The Board of Commissioners
sehat. Dewan Komisaris menilai pencapaian ini mencerminkan kualitas believes that these achievements reflect the quality of the Company’s
pertumbuhan yang baik serta keberhasilan Direksi dalam menjaga growth and the Board of Directors’ success in maintaining a balance
keseimbangan antara ekspansi usaha dan pengelolaan risiko keuangan between business expansion and prudent financial risk management.
secara prudent.
Selain itu, Dewan Komisaris juga menilai Direksi berhasil menjaga arus In addition, the Board of Commissioners also believes that the Board
kas operasional tetap solid di tengah tekanan industri. Arus kas operasi of Directors successfully maintained solid operating cash flow amid
tercatat sebesar Rp8.601 miliar, meningkat signifikan dibandingkan industry pressures. Operating cash flow reached IDR8,601 billion,
tahun sebelumnya, sehingga memberikan fleksibilitas yang memadai significantly higher than the previous year, thereby providing adequate
bagi Perseroan dalam mendukung ekspansi usaha sekaligus menjaga flexibility for the Company to support business expansion while
kesehatan struktur keuangan. maintaining a healthy financial structure.
PENGAWASAN DALAM PERUMUSAN DAN IMPLEMENTASI STRATEGI SUPERVISION OVER STRATEGY FORMULATION AND
IMPLEMENTATION
Dewan Komisaris secara aktif menjalankan fungsi pengawasan The Board of Commissioners actively carried out its supervisory
terhadap perumusan dan implementasi strategi Perseroan. Sebelum function over the formulation and implementation of the Company’s
tahun buku dimulai, Direksi menyusun RKAP dan rencana strategis strategy. Prior to the beginning of the financial year, the Board of
Perseroan dengan mempertimbangkan berbagai dinamika industri Directors prepared the RKAP and the Company’s strategic plan
dan kondisi eksternal. Dalam proses tersebut, Dewan Komisaris by taking into account various industry dynamics and external
memberikan masukan, rekomendasi, dan pandangan strategis guna conditions. In this process, the Board of Commissioners provided
memastikan bahwa arah kebijakan yang ditetapkan tetap sejalan input, recommendations, and strategic views to ensure that the policies
dengan prinsip kehati-hatian, keberlanjutan usaha, dan penciptaan adopted remained aligned with the principles of prudence, business
nilai jangka panjang. sustainability, and long-term value creation.
Sepanjang tahun 2025, Dewan Komisaris dan Direksi melaksanakan Throughout 2025, the Board of Commissioners and the Board of
rapat gabungan secara berkala sebagai forum utama koordinasi Directors held regular joint meetings as the primary forum for
dan evaluasi kinerja Perseroan. Dalam rapat tersebut, Direksi coordination and performance evaluation. During these meetings, the
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menyampaikan perkembangan operasional dan keuangan, kemajuan Board of Directors presented operational and financial developments,
proyek strategis, pengelolaan risiko, serta berbagai isu material progress of strategic projects, risk management, and various material
yang berpotensi memengaruhi kinerja Perseroan. Dewan Komisaris issues that could potentially affect the Company’s performance.
memberikan arahan dan pengawasan terhadap implementasi strategi, The Board of Commissioners provided guidance and supervision
termasuk terkait efisiensi operasional, optimalisasi struktur biaya, over strategy implementation, including operational efficiency, cost
pengembangan kapasitas, pengelolaan RKAB, serta pengelolaan aspek structure optimization, capacity development, RKAB management,
Lingkungan, Sosial, dan Tata Kelola (ESG). and the management of Environmental, Social, and Governance (ESG)
aspects.
Menurut penilaian Dewan Komisaris, Direksi telah menjalankan strategi In the Board of Commissioners’ assessment, the Board of Directors
secara disiplin dan responsif terhadap dinamika pasar, termasuk has implemented its strategies in a disciplined and responsive manner
menjaga keseimbangan antara ekspansi kapasitas dan ketahanan toward market dynamics, including maintaining a balance between
profitabilitas di tengah kondisi harga yang belum sepenuhnya pulih. capacity expansion and profitability resilience amid market conditions
that have not yet fully recovered.
PANDANGAN ATAS PROSPEK USAHA OUTLOOK ON BUSINESS PROSPECTS
Dewan Komisaris berpandangan bahwa prospek usaha Perseroan The Board of Commissioners believes that the Company’s long-term
dalam jangka panjang tetap positif, meskipun volatilitas harga nikel business prospects remain positive, although global nickel price
global dan kondisi surplus pasokan global diperkirakan masih akan volatility and global supply surplus conditions are still expected to
berlanjut dalam jangka pendek. Permintaan global terhadap nikel continue in the short term. Global demand for nickel is expected to
diperkirakan tetap didorong oleh kebutuhan industri baja nirkarat dan remain driven by the stainless steel industry and the development of
perkembangan ekosistem kendaraan listrik, terutama untuk baterai the EV ecosystem, particularly for high energy-density nickel-based
berbasis nikel dengan densitas energi tinggi. batteries.
Direksi telah menyusun strategi usaha yang fokus pada optimalisasi The Board of Directors has prepared a business strategy focused
lini pengolahan yang telah tersedia, penguatan integrasi operasional on optimizing existing processing lines, strengthening operational
tambang dan smelter, peningkatan efisiensi biaya, serta implementasi integration between mining and smelter operations, improving cost
standar keberlanjutan internasional. Dewan Komisaris mendukung efficiency, and implementing international sustainability standards.
langkah Direksi dalam menjaga posisi Perseroan sebagai produsen The Board of Commissioners supports the Board of Directors’ efforts
nikel terintegrasi dengan struktur biaya yang kompetitif dan eksposur to maintain the Company’s position as an integrated nickel producer
yang seimbang antara segmen stainless steel dan rantai pasok baterai with a competitive cost structure and balanced exposure between the
kendaraan listrik. stainless steel segment and the EV battery supply chain.
Dewan Komisaris juga memandang bahwa progres Perseroan menuju The Board of Commissioners also views the Company’s progress
standar internasional seperti Initiative for Responsible Mining Assurance toward international standards such as Initiative for Responsible Mining
(IRMA) dan implementasi Audit Responsible Minerals Assurance Process Assurance (IRMA) and the implementation Audit of Responsible Minerals
(RMAP) yang dilakukan oleh Responsible Mineral Initiative (RMI) Assurance Process (RMAP) by Responsible Mineral Initiative (RMI) as
merupakan langkah strategis dalam menjaga akses pasar global dan strategic steps in maintaining global market access and supporting the
mendukung kredibilitas Perseroan di tengah meningkatnya tuntutan Company’s credibility amid increasing sustainability expectations from
keberlanjutan dari regulator dan pembeli internasional. regulators and international buyers.
PANDANGAN ATAS PENERAPAN TATA KELOLA PERUSAHAAN OUTLOOK ON CORPORATE GOVERNANCE IMPLEMENTATION
Menurut Dewan Komisaris, penerapan tata kelola perusahaan yang baik In the view of the Board of Commissioners, the implementation of good
(GCG) di Perseroan sepanjang tahun 2025 berjalan secara efektif dengan corporate governance (GCG) throughout 2025 was carried out effectively
perbaikan berkelanjutan. Direksi telah menjalankan pengelolaan usaha with continuous improvement. The Board of Directors managed the
dengan tetap mengedepankan prinsip transparansi, akuntabilitas, Company while consistently upholding the principles of transparency,
responsibilitas, independensi, dan kewajaran dalam setiap proses accountability, responsibility, independence, and fairness in every
pengambilan keputusan. decision-making process.
Dalam pelaksanaan fungsi pengawasan, Dewan Komisaris bersama In carrying out its supervisory function, the Board of Commissioners
Komite Audit secara berkala melakukan penelaahan atas efektivitas together with the Audit Committee periodically reviewed the
pengendalian internal, implementasi manajemen risiko, kepatuhan effectiveness of internal controls, implementation of risk management,
terhadap peraturan perundang-undangan, serta tindak lanjut hasil compliance with prevailing laws and regulations, as well as the follow-
audit internal maupun eksternal. Dewan Komisaris menilai bahwa up on internal and external audit findings. The Board of Commissioners
sistem pengendalian internal dan manajemen risiko Perseroan telah believes that the Company’s internal control and risk management
berjalan secara memadai untuk mendukung kegiatan operasional yang systems have been implemented adequately to support healthy and
sehat dan berkelanjutan. sustainable business operations.
Dewan Komisaris juga memberikan apresiasi atas komitmen The Board of Commissioners also appreciates the Board of Directors’
Direksi dalam memperkuat standar tata kelola dan keberlanjutan, commitment to improving governance and sustainability standards,
termasuk penguatan Whistleblowing System, implementasi prinsip including strengthening the whistleblowing system, implementing
pertambangan dan pengolahan yang bertanggung jawab serta integrasi responsible mining and processing principles, and integrating ESG
aspek ESG ke dalam strategi bisnis Perseroan. aspects into the Company’s business strategy.
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PENILAIAN ATAS KINERJA KOMITE DEWAN KOMISARIS ASSESSMENT OF THE PERFORMANCE OF THE BOARD OF
COMMISSIONERS’ COMMITTEES
Dalam menjalankan fungsi pengawasan, Dewan Komisaris didukung In carrying out its supervisory duties, the Board of Commissioners
oleh Komite Audit yang telah melaksanakan tugas dan tanggung was supported by the Audit Committee, which effectively performed
jawabnya secara efektif sepanjang tahun 2025. Komite Audit secara its duties and responsibilities throughout 2025. The Audit Committee
aktif membantu Dewan Komisaris dalam melakukan penelaahan atas actively assisted the Board of Commissioners in reviewing the financial
laporan keuangan, efektivitas pengendalian internal, implementasi statements, effectiveness of internal controls, implementation of risk
manajemen risiko, kepatuhan terhadap regulasi, serta tindak lanjut management, regulatory compliance, as well as follow-up on internal
temuan audit internal dan eksternal. and external audit findings.
Dewan Komisaris menilai bahwa Komite Audit telah menjalankan The Board of Commissioners believes that the Audit Committee
fungsi pengawasan secara independen, objektif, dan profesional. has carried out its supervisory function independently, objectively,
Koordinasi yang baik antara Komite Audit, fungsi Audit Internal, dan and professionally. Good coordination among the Audit Committee,
Direksi turut mendukung terciptanya proses pengawasan yang efektif Internal Audit function, and the Board of Directors has also contributed
serta meningkatkan kualitas tata kelola Perseroan secara keseluruhan. to the effectiveness of the supervisory process and further improved the
quality of the Company’s overall governance.
PERUBAHAN KOMPOSISI DEWAN KOMISARIS CHANGES IN THE COMPOSITION OF THE BOARD OF COMMISSIONERS
Pada tahun 2025 tidak terdapat perubahan komposisi Dewan There were no changes in the composition of the Company’s Board of
Komisaris Perseroan. Seluruh anggota Dewan Komisaris tetap Commissioners in 2025. All members of the Board of Commissioners
menjalankan tugas dan tanggung jawabnya sesuai dengan fungsi dan continued to perform their duties and responsibilities in accordance
kewenangan masing-masing berdasarkan Anggaran Dasar Perseroan with their respective functions and authorities as stipulated in the
dan ketentuan peraturan perundang-undangan yang berlaku. Company’s Articles of Association and prevailing laws and regulations.
APRESIASI APPRECIATION
Dewan Komisaris menyampaikan apresiasi kepada Direksi, jajaran The Board of Commissioners expresses its appreciation to the Board
manajemen, serta seluruh insan Perseroan, Entitas Anak, dan Entitas of Directors, management, and all employees of the Company,
Asosiasi atas dedikasi, integritas, dan kerja keras yang telah ditunjukkan Subsidiaries, and Associated Entities for their dedication, integrity,
sepanjang tahun 2025. Di tengah dinamika industri yang penuh and hard work throughout 2025. Amid challenging industry dynamics,
tantangan, Perseroan mampu menjaga kinerja yang solid sekaligus the Company was able to maintain solid performance while further
memperkokoh fondasi pertumbuhan jangka panjang. strengthening the foundation for long-term growth.
Dewan Komisaris juga menyampaikan penghargaan kepada para The Board of Commissioners also extends its appreciation to
pemegang saham, mitra usaha, pelanggan, pemerintah, dan seluruh shareholders, business partners, customers, the government, and
pemangku kepentingan atas kepercayaan dan dukungan yang terus all stakeholders for their continued trust and support toward the
diberikan kepada Perseroan. Dengan fondasi operasional yang semakin Company. With increasingly solid operational foundations, consistent
kuat, disiplin tata kelola yang konsisten, serta komitmen terhadap governance discipline, and a strong commitment to sustainability, the
keberlanjutan, Dewan Komisaris optimistis Perseroan akan terus Board of Commissioners remains optimistic that the Company will
tumbuh secara sehat dan memberikan nilai tambah yang berkelanjutan continue to grow soundly and create sustainable long-term value in the
di masa mendatang. years ahead.
Atas Nama Dewan Komisaris
On Behalf of the Board of Commissioners
Donald J. Hermanus
Komisaris Utama
President Commissioner
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Darjoto Setyawan Donald J. Hermanus Suryadi Sasmita
Komisaris Independen Komisaris Utama Komisaris Independen
Independent Commissioner President Commissioner Independent Commissioner
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LAPORAN
DIREKSI
The Board of Directors Report
Roy Arman
Arfandy
Direktur Utama
President Director
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LAPORAN
DIREKSI
The Board of Directors Report
“Perseroan menutup tahun 2025 dengan kinerja yang solid
di tengah dinamika industri, didukung oleh penguatan
operasional dan disiplin biaya. Fondasi yang semakin kuat
ini menjadi pijakan untuk pertumbuhan berkelanjutan di
masa mendatang.”
“The Company closed 2025 with solid performance amid industry dynamics, supported
by strengthened operations and disciplined cost management. This stronger foundation
serves as a platform for sustainable growth going forward.”
Para Pemegang Saham dan pemangku Dear Shareholders and Stakeholders,
kepentingan yang terhormat,
Berkat kerja keras seluruh insan Perseroan serta rahmat dan karunia Through the dedication of all employees and by the grace of Almighty
Tuhan Yang Maha Pengasih, Perseroan dapat melalui tahun 2025 dengan God, the Company successfully navigated 2025 with positive
kinerja yang baik di tengah dinamika industri yang terus berkembang. performance amid an evolving industry landscape. The Company
Perseroan mencatatkan pertumbuhan yang solid, didorong oleh recorded solid growth, driven by strengthened production capacity,
penguatan kapasitas produksi, peningkatan volume penjualan, serta increased sales volumes, and disciplined operational management.
pengelolaan operasional yang disiplin. Mewakili Direksi, izinkan kami On behalf of the Board of Directors, we are pleased to present the
menyampaikan laporan kinerja Perseroan untuk tahun buku yang Company’s performance report for the financial year ended December
berakhir pada 31 Desember 2025. 31, 2025.
ANALISIS LINGKUNGAN EKSTERNAL EXTERNAL ENVIRONMENT ANALYSIS
Sepanjang tahun 2025, Perseroan menjalankan operasional di tengah Throughout 2025, the Company operated amid a global nickel industry
fase penyesuaian industri nikel global yang masih dipengaruhi oleh undergoing a phase of adjustment, still influenced by the significant
ekspansi kapasitas besar dalam beberapa tahun terakhir. Kondisi capacity expansions of recent years. The continued oversupply exerted
oversupply yang berlanjut menekan harga nikel global, dengan rata- downward pressure on global nickel prices, with the average LME price
rata harga LME tahun 2025 tercatat sebesar AS$15.160 per MT atau turun recorded at US$15,160 per metric ton in 2025, representing a 10.0%
10,0% dibandingkan tahun sebelumnya. Tekanan ini mencerminkan decline year-on-year. This pressure reflects a structural imbalance
ketidakseimbangan struktural antara pertumbuhan pasokan, terutama between supply growth, particularly from Asia, and more moderate
dari kawasan Asia, dan permintaan global yang lebih moderat. global demand.
Dalam konteks surplus pasokan global tersebut, Pemerintah Indonesia In response to the global oversupply, the Government of Indonesia
mulai menyampaikan wacana penyesuaian kuota produksi melalui introduced discussions on potential production quota adjustments
pengelolaan RKAB sebagai bagian dari upaya menjaga keseimbangan through the management of RKAB, as part of efforts to maintain market
pasar dan stabilitas harga. Isu ini mulai mempengaruhi ekspektasi balance and price stability. This policy direction began to influence
pasar pada kuartal keempat 2025. market expectations in the fourth quarter of 2025.
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Di sisi lain, lanskap makroekonomi global tetap menunjukkan Meanwhile, the global macroeconomic landscape remained resilient,
ketahanan dengan pertumbuhan sekitar 3,1%, meskipun dibayangi with growth of approximately 3.1%, despite increasing trade
oleh meningkatnya fragmentasi perdagangan, ketegangan geopolitik, fragmentation, geopolitical tensions, and shifts in industrial policy
serta pergeseran kebijakan industri di negara maju. Kebijakan seperti across major economies. Policies such as the Inflation Reduction Act
Inflation Reduction Act di Amerika Serikat memperkuat tren reshaping in the United States have reinforced the ongoing reshaping of global
rantai pasok global, di mana akses pasar semakin ditentukan oleh supply chains, where market access is increasingly determined by
kepatuhan terhadap standar keberlanjutan, transparansi, serta asal- compliance with sustainability standards, transparency, and mineral
usul mineral. traceability.
Dalam konteks tersebut, Indonesia justru menunjukkan kinerja In this context, Indonesia demonstrated solid economic performance,
ekonomi yang solid dengan pertumbuhan sebesar 5,1%. Program with growth reaching 5.1%. The continued implementation of
hilirisasi yang terus berjalan tidak hanya memperkuat posisi Indonesia downstreaming initiatives has not only strengthened Indonesia’s
sebagai pemain utama dalam rantai pasok nikel global, tetapi juga position as a key player in the global nickel supply chain, but also
menggeser struktur ekspor menuju produk bernilai tambah lebih tinggi. shifted its export structure toward higher value-added products. As a
Dengan demikian, dinamika industri nikel tidak lagi semata ditentukan result, the dynamics of the nickel industry are no longer determined
oleh harga dan volume, tetapi juga oleh kemampuan pelaku usaha solely by price and volume, but increasingly by the ability of industry
dalam memenuhi standar global yang semakin ketat. players to meet more stringent global standards.
Meskipun harga nikel berada pada level yang lebih rendah Despite lower nickel prices compared to the previous year, nickel and
dibandingkan tahun sebelumnya, komoditas nikel dan produk its derivative products continued to play a strategic role in Indonesia’s
turunannya tetap memainkan peran strategis dalam perekonomian economy. From January to December 2025, Indonesia recorded a trade
nasional. Sepanjang Januari–Desember 2025, Indonesia mencatat surplus of US$41.05 billion, with significant contributions from non-oil
surplus neraca perdagangan sebesar AS$41,05 miliar, dengan kontribusi and gas commodities, including nickel and its downstream products.
signifikan dari komoditas nonmigas termasuk nikel dan produk hilirnya.
Program hilirisasi yang terus berjalan meningkatkan nilai tambah Ongoing downstreaming initiatives have continued to enhance value
melalui produksi feronikel (FeNi), nickel matte, hingga bahan baku creation through the production of ferronickel (FeNi), nickel matte,
baterai seperti MHP. Perkembangan ini tidak hanya memperkuat and battery raw materials such as MHP. These developments not
posisi Indonesia dalam rantai pasok global, tetapi juga mendorong only reinforce Indonesia’s position in the global supply chain but also
transformasi struktur ekspor menuju produk bernilai tambah lebih accelerate the transformation of exports toward higher value-added
tinggi. products.
STRATEGI DAN KEBIJAKAN STRATEGIS STRATEGY AND STRATEGIC POLICIES
Menghadapi dinamika tersebut, Perseroan memandang bahwa In navigating these dynamics, the Company believes that long-term
ketahanan jangka panjang hanya dapat dicapai melalui penguatan resilience can only be achieved through consistent strengthening of
fundamental yang konsisten, dengan menempatkan efisiensi dan its fundamentals, with efficiency and operational discipline as key
disiplin operasional sebagai pilar utama dalam menghadapi siklus pillars in responding to industry cycles. Accordingly, the strategies
industri. Oleh karena itu, strategi yang dijalankan sepanjang 2025 implemented throughout 2025 were not solely focused on expansion,
tidak semata berfokus pada ekspansi, tetapi pada keseimbangan but on maintaining a balance between volume growth, cost discipline,
antara pertumbuhan volume, disiplin biaya, dan peningkatan kualitas and operational excellence.
operasional.
Perseroan memastikan keberlanjutan pasokan bijih melalui The Company ensures the sustainability of ore supply through the
optimalisasi portofolio tambang di Pulau Obi, yang didukung oleh optimization of its mining portfolio on Obi Island, supported by
total sumber daya dan cadangan sebesar 310,8 juta wmt. Pada saat total resources and reserves of 310.8 million wmt. At the same time,
yang sama, integrasi hulu–hilir terus diperkuat melalui optimalisasi upstream–downstream integration continues to be strengthened
fasilitas RKEF dan HPAL, sehingga Perseroan memiliki fleksibilitas through the optimization of RKEF and HPAL facilities, enabling the
untuk melayani kebutuhan industri baja nirkarat maupun rantai Company to maintain flexibility in serving both the stainless-steel
pasok baterai kendaraan listrik. industry and the EV battery supply chain.
Di tengah tekanan harga, fokus pada efisiensi menjadi semakin krusial. Amid pricing pressures, efficiency has become increasingly critical. The
Perseroan secara konsisten menjalankan berbagai inisiatif untuk Company consistently implements various initiatives to strengthen its
memperkuat struktur biaya, mulai dari optimalisasi proses produksi, cost structure, including process optimization, logistics integration,
integrasi logistik, hingga pemanfaatan energi yang lebih efisien. Sejalan and more efficient energy utilization. In parallel, Environmental, Social,
dengan itu, aspek Lingkungan, Sosial, dan Tata Kelola (ESG) semakin and Governance (ESG) aspects are increasingly being integrated as part
diintegrasikan sebagai bagian dari strategi inti, tercermin melalui of the Company’s core strategy, as reflected in the implementation of
implementasi RMI RMAP dan progress menuju sertifikasi IRMA sebagai RMI RMAP and ongoing progress toward IRMA certification as a globally
standar global pertambangan dan pengolahan yang bertanggung recognized standard for responsible mining and processing.
jawab.
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Melalui pendekatan ini, Perseroan tidak hanya menjaga ketahanan Through this approach, the Company not only preserves its performance
kinerja, tetapi juga memastikan bahwa setiap pertumbuhan yang resilience, but also ensures that every growth achieved is underpinned
dicapai memiliki kualitas yang berkelanjutan. by sustainable quality.
PERANAN DIREKSI DALAM PERUMUSAN STRATEGI DAN ROLE OF THE BOARD OF DIRECTORS IN FORMULATING
KEBIJAKAN STRATEGIS STRATEGY AND STRATEGIC POLICIES
Sebelum memasuki tahun buku, Direksi menetapkan RKAP sebagai Prior to the commencement of each financial year, the Board of
acuan utama dalam pelaksanaan strategi Perseroan. Seluruh anggota Directors establishes the RKAP as the primary reference for strategy
Direksi berperan aktif dalam proses perumusan RKAP sebagai bentuk execution. All members of the Board of Directors actively participate in
pelaksanaan tugas dan tanggung jawab secara kolegial sebagaimana the formulation of the RKAP as part of their collective responsibilities as
diatur dalam Board Manual. stipulated in the Board Manual.
Dalam penyusunan RKAP tahun 2025, Direksi berkoordinasi dan In preparing the 2025 RKAP, the Board of Directors engaged in
berdiskusi secara intensif dengan Dewan Komisaris melalui rapat close coordination and intensive discussions with the Board of
gabungan. Direksi memaparkan proyeksi industri serta rencana Commissioners through joint meetings. The Board of Directors
strategis Perseroan, sementara Dewan Komisaris memberikan masukan presented the industry outlook and the Company’s strategic plans,
konstruktif berdasarkan pengalaman dan kompetensinya. Proses ini while the Board of Commissioners provided constructive input based
memastikan bahwa RKAP yang ditetapkan telah mempertimbangkan on their experience and expertise. This process ensures that the RKAP
berbagai perspektif strategis serta dinamika eksternal yang relevan. incorporates multiple strategic perspectives and relevant external
RKAP tersebut kemudian memperoleh persetujuan Dewan Komisaris dynamics. The RKAP was subsequently approved by the Board of
sebelum tahun buku dimulai. Commissioners prior to the start of the financial year.
PROSES YANG DILAKUKAN DIREKSI UNTUK MEMASTIKAN PROCESS UNDERTAKEN BY THE BOARD OF DIRECTORS TO
IMPLEMENTASI STRATEGI ENSURE STRATEGY IMPLEMENTATION
RKAP yang telah disetujui menjadi dasar bagi seluruh unit kerja dalam The approved RKAP serves as the foundation for all business units to
menerjemahkan sasaran strategis ke dalam target operasional dan translate strategic objectives into measurable operational targets and
indikator kinerja utama (KPI) yang terukur. Dengan struktur target yang key performance indicators (KPIs). With a clearly defined cascading
berjenjang, Direksi dapat memantau dan mengevaluasi pelaksanaan target structure, the Board of Directors is able to systematically monitor
strategi secara sistematis melalui rapat manajemen berkala serta and evaluate the execution of strategies through regular management
pemantauan kinerja secara real-time melalui platform digital. meetings and real-time performance monitoring via digital platforms.
Direksi secara konsisten melakukan evaluasi atas capaian kinerja dan, The Board of Directors consistently evaluates performance
apabila diperlukan, melakukan penyesuaian strategi dengan tetap achievements and, where necessary, adjusts strategies while taking into
memperhatikan arahan dan persetujuan Dewan Komisaris. Seluruh account the guidance and approval of the Board of Commissioners. All
proses tersebut dijalankan dengan menjunjung tinggi prinsip integritas, processes are conducted in accordance with the principles of integrity,
transparansi, dan akuntabilitas, sehingga kebijakan strategis dapat transparency, and accountability, ensuring that strategic policies are
diimplementasikan secara efektif di seluruh lini organisasi. effectively implemented across all levels of the organization.
Sebagai bagian dari mekanisme pengawasan dan koordinasi, Direksi As part of the oversight and coordination mechanism, the Board
secara berkala melaporkan pencapaian kinerja serta tantangan yang of Directors regularly reports performance achievements and
dihadapi kepada Dewan Komisaris melalui rapat gabungan. Sepanjang key challenges to the Board of Commissioners through joint
tahun 2025, Direksi dan Dewan Komisaris telah menyelenggarakan meetings. Throughout 2025, the Board of Directors and the Board
4 (empat) kali rapat gabungan yang menjadi forum utama dalam of Commissioners held 4 (four) joint meetings, which served as the
membahas kinerja keuangan dan operasional, perkembangan proyek primary forum for discussing financial and operational performance,
strategis, rencana aksi korporasi, serta isu-isu material yang berpotensi progress of strategic projects, corporate actions, as well as material
memengaruhi kinerja Perseroan. issues that may impact the Company’s performance.
Dalam forum tersebut, Dewan Komisaris memberikan arahan, In these forums, the Board of Commissioners provides direction, input,
masukan, serta persetujuan atas kebijakan strategis sesuai dengan and approvals on strategic matters in accordance with its authority.
kewenangannya. Interaksi yang konstruktif antara Direksi dan Dewan The constructive interaction between the Board of Directors and the
Komisaris memastikan bahwa setiap keputusan strategis diambil Board of Commissioners ensures that all strategic decisions are made
secara prudent, selaras dengan prinsip tata kelola yang baik, serta prudently, aligned with good governance principles, and responsive to
responsif terhadap dinamika industri dan lingkungan usaha. industry and business dynamics.
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Melalui mekanisme koordinasi yang terstruktur dan berkelanjutan, Through a structured and continuous coordination mechanism, the
Perseroan memastikan terciptanya proses pengambilan keputusan Company ensures that decision-making processes remain transparent,
yang transparan, akuntabel, dan efektif dalam mendukung pencapaian accountable, and effective in supporting the achievement of long-term
kinerja jangka panjang. performance.
KINERJA TAHUN 2025 2025 PERFORMANCE
Kinerja Operasional Operational Performance
Di tengah tekanan harga komoditas global, kinerja operasional Amid global commodity price pressures, the Company’s operational
Perseroan sepanjang tahun 2025 menunjukkan penguatan yang performance in 2025 demonstrated significant strengthening,
signifikan, terutama didorong oleh peningkatan volume produksi, primarily driven by increased production volumes, optimized capacity
optimalisasi kapasitas, serta integrasi operasional yang semakin utilization, and more integrated operations. This growth underscores
matang. Pertumbuhan ini mencerminkan keberhasilan Perseroan the Company’s ability to execute its expansion strategy with discipline
dalam mengeksekusi strategi ekspansi secara disiplin, sekaligus while maintaining cost efficiency in a pricing cycle that has yet to fully
menjaga efisiensi biaya dalam siklus harga yang belum sepenuhnya recover.
pulih.
Dari sisi kegiatan pertambangan, Perseroan mencatatkan total volume From a mining perspective, the Company recorded total nickel ore sales
penjualan bijih nikel sebesar 30,59 juta wmt, meningkat 28,8% volume of 30.59 million wmt, representing a 28.8% increase compared
dibandingkan tahun sebelumnya. Peningkatan ini terutama ditopang to the previous year. This growth was largely driven by a significant sales
oleh penjualan bijih saprolit sebesar 12,09 juta wmt seiring dengan of saprolite ore, which reached 12.09 million wmt, in line with higher
meningkatnya kebutuhan pasokan untuk smelter RKEF, khususnya demand from RKEF smelters, particularly following the commencement
setelah beroperasinya fasilitas PT KPS. Sementara itu, penjualan bijih of operations at PT KPS. Meanwhile, limonite ore sales reached 18.50
limonit mencapai 18,50 juta wmt sejalan dengan kebutuhan bahan million wmt, supported by feedstock requirements for HPAL facilities,
baku untuk fasilitas HPAL, termasuk kontribusi penuh dari PT ONC including the full-year contribution from PT ONC.
sepanjang tahun.
Kinerja pertambangan yang kuat ini memberikan fondasi penting bagi The strong mining performance provided a solid foundation for the
segmen pengolahan. Pada fasilitas RKEF, Perseroan melalui PT MSP, processing segment. In the RKEF segment, through PT MSP, PT HJF, and
PT HJF, dan PT KPS telah mencapai kapasitas terpasang sekitar 240.000 PT KPS, the Company achieved an installed capacity of approximately
ton nikel metal per tahun, dengan tambahan kapasitas signifikan dari 240,000 tons of nickel metal per year, with additional significant capacity
PT KPS yang telah mengoperasikan 8 (delapan) lini produksi. Sejalan contribution from PT KPS, which has operated 8 (eight) production
dengan itu, volume penjualan FeNi pada tahun 2025 tercatat sebesar lines. Correspondingly, FeNi sales volume in 2025 reached 188,581 tons
188.581 ton kandungan nikel dalam FeNi dari 126.344 ton kandungan of nickel content in FeNi, compared to 126,344 tons of nickel content
nikel dalam FeNi pada tahun sebelumnya. Kinerja ini mencerminkan in FeNi from previous year. This performance reflecting the optimal
peningkatan utilisasi kapasitas yang semakin optimal. increasing of capacity utilization.
Di sisi lain, segmen HPAL melalui PT HPL dan PT ONC mencatatkan On the other hand, in the HPAL segment, the Company, through PT HPL
kapasitas terpasang sekitar 120.000 ton logam nikel-kobalt per tahun. and PT ONC, recorded an installed capacity of approximately 120,000
Sepanjang tahun 2025, volume penjualan MHP dan turunannya nikel tons of nickel-cobalt metal per year. Throughout 2025, sales volume
sulfat (NiSO4) mencapai 130.551 metal ton dari 102.054 metal ton pada of MHP and its derivatives nickel sulfate (NiSO4) reached 130,551 metal
tahun sebelumnya, seiring dengan kuatnya permintaan pasar. tons, from 102,054 metal tons in the previous year, in line with strong
market.
Dalam perspektif profitabilitas, kedua segmen ini memiliki karakteristik From a profitability perspective, these two segments exhibit distinct
margin yang berbeda namun saling melengkapi. Segmen RKEF (FeNi) yet complementary margin characteristics. The RKEF (FeNi) segment,
yang berbasis saprolit cenderung memiliki struktur biaya yang lebih which is based on saprolite ore, generally has a more stable and
stabil dan relatif lebih rendah, sehingga berfungsi sebagai margin relatively lower cost structure, serving as a margin stabilizer under
stabilizer dalam kondisi harga yang tertekan. Hal ini didukung oleh pressured pricing conditions. This is further supported by the proximity
kedekatan lokasi tambang dan smelter yang menekan biaya logistik between mining sites and smelter facilities, which reduces logistics
serta meningkatkan efisiensi operasional. costs and enhances operational efficiency.
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Sementara itu, segmen HPAL (MHP) memberikan eksposur terhadap Meanwhile, the HPAL (MHP) segment provides exposure to higher
produk bernilai tambah lebih tinggi, khususnya dalam rantai pasok value-added products, particularly within the EV battery supply chain.
baterai kendaraan listrik. Meskipun struktur biaya HPAL relatif lebih Although the HPAL cost structure is relatively more complex and
kompleks dan sensitif terhadap fluktuasi input seperti sulfur, segmen sensitive to input price fluctuations such as sulfur, the segment benefits
ini memperoleh manfaat dari cobalt by-product credits, yang dalam from cobalt by-product credits, which, under certain price conditions,
kondisi harga tertentu mampu mengimbangi tekanan biaya dan help offset cost pressures and sustain competitive margins.
menjaga marjin tetap kompetitif.
Dengan demikian, kombinasi portofolio produk FeNi dan MHP Therefore, the Company’s portfolio mix of FeNi and MHP provides a
memberikan keseimbangan antara stabilitas arus kas jangka pendek balance between short-term cash flow stability and long-term margin
dan potensi ekspansi marjin jangka panjang. Dalam konteks pasar expansion potential. In a volatile market environment, this strategy
yang berfluktuasi, strategi ini memungkinkan Perseroan untuk enables the Company to maintain profitability while remaining well-
mempertahankan profitabilitas sekaligus tetap terposisikan dalam positioned in structurally growing segments of the global nickel
segmen pertumbuhan struktural industri nikel global. industry.
Secara keseluruhan, peningkatan utilisasi kapasitas, disiplin Overall, higher capacity utilization, disciplined cost management,
pengendalian biaya, serta integrasi operasional yang kuat and strong operational integration enabled the Company to sustain
memungkinkan Perseroan menjaga kinerja operasional yang solid solid operational performance throughout 2025. This performance
sepanjang tahun 2025. Kinerja ini tidak hanya mencerminkan ketahanan not only reflects resilience against commodity cycle pressures, but
terhadap tekanan siklus komoditas, tetapi juga menunjukkan also demonstrates the Company’s readiness to capture future growth
kesiapan Perseroan untuk menangkap peluang pertumbuhan di masa opportunities.
mendatang.
Kinerja Keuangan Financial Performance
Di tengah tekanan harga nikel global sepanjang tahun 2025, Perseroan Amid global nickel price pressures throughout 2025, the Company was
tetap mampu menjaga kinerja keuangan yang positif dengan tingkat able to maintain positive financial performance with solid profitability.
profitabilitas yang baik. Perseroan membukukan pendapatan dari The Company recorded revenue from contracts with customers of
kontrak dengan pelanggan sebesar Rp29.633 miliar, meningkat 9,9% IDR29,633 billion, representing an increase of 9,9% compared to
dibandingkan Rp26.965 miliar pada tahun 2024. Pendapatan tersebut IDR26,965 billion in 2024. This revenue was primarily derived from the
terutama berasal dari segmen pengolahan nikel sebesar Rp22.455 nickel processing segment amounting to IDR22,455 billion, as well as
miliar dan segmen penambangan nikel sebesar Rp7.178 miliar. from the nickel mining segment amounting to IDR7,178 billion.
Beban pokok penjualan tercatat sebesar Rp19.941 miliar dari Rp18.518 Cost of goods sold amounted to IDR19,941 billion from IDR18,518
miliar pada tahun sebelumnya, sehingga menghasilkan laba bruto billion in the previous year, resulting in gross profit of IDR9,691
sebesar Rp9.691 miliar dibandingkan tahun sebelumnya sebesar billion, compared with the previous year IDR8,447 billion. The gross
Rp8.447 miliar. Marjin laba bruto sebesar 32,7% mencerminkan efisiensi profit margin of 32.7% reflects the operational efficiency and optimal
operasional dan pengelolaan biaya produksi yang optimal. management production cost.
Kontribusi dari Entitas Asosiasi tetap memberikan dukungan positif The contribution from Associated Entities continued to provide
terhadap kinerja Perseroan. Bagian atas laba entitas asosiasi tercatat positive support to the Company’s net income. The share of profit
sebesar Rp4.091 miliar dibandingkan Rp2.013 miliar pada tahun from associates amounted to IDR4,091 billion, compared to IDR2,013
sebelumnya. Perseroan membukukan laba tahun berjalan sebesar billion in the previous year. The Company recorded profit for the year
Rp10.970 miliar dari Rp7.712 miliar pada tahun 2024. Laba yang dapat of IDR10,970 billion from IDR7,712 billion in 2024. Profit attributable to
diatribusikan kepada pemilik entitas induk tercatat sebesar Rp8.952 the parent entity amounted to IDR8,952 billion from IDR6,380 billion in
miliar dari Rp6.380 miliar pada tahun sebelumnya. the previous year.
Dari sisi posisi keuangan, total aset Perseroan per 31 Desember From a financial position perspective, total assets as of December
2025 mencapai Rp61.770 miliar, dibandingkan Rp52.254 miliar pada 31, 2025 reached IDR61,770 billion, compared to IDR52,254 billion in
tahun sebelumnya. Ekuitas tercatat sebesar Rp46.756 miliar, dari the previous year. Total equity amounted to IDR46,756 billion, from
Rp36.454 miliar pada tahun sebelumnya, sementara liabilitas tercatat IDR36,454 billion in the previous year, while total liabilities recorded
sebesar Rp15.014 miliar. Struktur permodalan yang semakin kuat ini IDR15,014 billion. This stronger capital structure reflects the Company’s
mencerminkan kemampuan Perseroan dalam menjaga keseimbangan ability to maintain a balance between business growth and prudent
antara pertumbuhan usaha dan pengelolaan risiko keuangan secara financial risk management.
prudent.
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Secara keseluruhan, kinerja keuangan tahun 2025 mencerminkan Overall, the Company’s financial performance in 2025 reflects the
kualitas laba yang tetap terjaga, didukung oleh fundamental quality of its earnings, supported by strong operational fundamentals,
operasional yang kuat, disiplin biaya, serta ketahanan Perseroan dalam cost discipline, and resilience in navigating commodity price cycles.
menghadapi siklus harga komoditas.
PERBANDINGAN ANTARA HASIL YANG DICAPAI DENGAN COMPARISON BETWEEN ACTUAL RESULTS AND TARGETS
YANG DITARGETKAN
Dengan mempertimbangkan dinamika industri nikel global yang sangat Considering the dynamics of the global nickel industry, which are highly
dipengaruhi oleh volatilitas harga komoditas, kebijakan tata kelola influenced by commodity price volatility, national mining governance
pertambangan nasional, serta sensitivitas pasar terhadap kapasitas policies, as well as market sensitivity toward production capacity and
produksi dan pengelolaan RKAB, Perseroan tidak mengungkapkan RKAB management, the Company does not publicly disclose detailed
target keuangan maupun operasional secara rinci kepada publik. financial or operational targets. This policy reflects the Company’s
Kebijakan ini merupakan bagian dari penerapan prinsip kehati-hatian strategic prudence in maintaining operational flexibility and preserving
strategis dalam menjaga fleksibilitas operasional dan posisi kompetitif its competitive position amid rapidly evolving market conditions.
Perseroan di tengah perubahan kondisi pasar yang berlangsung sangat
dinamis.
Meskipun demikian, Perseroan tetap menerapkan proses perencanaan Nevertheless, the Company continues to implement a comprehensive
dan pengukuran kinerja yang komprehensif melalui RKAP yang disusun planning and performance measurement process through its internally
secara internal dan dievaluasi secara berkala oleh Direksi bersama prepared RKAP, which is regularly evaluated by the Board of Directors
Dewan Komisaris. Evaluasi pencapaian dilakukan dengan mengacu together with the Board of Commissioners. Performance evaluations
pada indikator operasional, profitabilitas, struktur biaya, arus kas, serta are conducted based on operational indicators, profitability, cost
efektivitas pengelolaan modal dan investasi. structure, cash flow, as well as the effectiveness of capital and
investment management.
Sepanjang tahun 2025, Perseroan mampu membukukan kinerja yang Throughout 2025, the Company succeeded in delivering performance
melampaui ekspektasi internal di tengah tekanan harga nikel global that exceeded internal expectations despite global nickel prices
yang masih berada pada level rendah. Hal ini tercermin dari realisasi remaining at relatively low levels. This was reflected in the nickel mining
volume penjualan pada segmen pertambangan nikel yang melampaui segment, where sales volume realization exceeded internal targets by
target internal sebesar 4,5%, sementara segmen pengolahan nikel 4.5%, while the nickel processing segment recorded realization 0.6%
mencatat realisasi sebesar 0,6% di atas target yang ditetapkan pada above the target established at the beginning of the year.
awal tahun.
Pencapaian tersebut didukung oleh peningkatan utilisasi kapasitas, These achievements were supported by higher capacity utilization,
optimalisasi integrasi operasional tambang dan smelter, serta optimized integration between mining and smelting operations, as well
disiplin pengendalian biaya yang memungkinkan Perseroan menjaga as disciplined cost management, enabling the Company to maintain
profitabilitas di tengah kondisi pasar yang menantang. Selain itu, profitability amid challenging market conditions. In addition, stronger
kontribusi yang semakin kuat dari Entitas Asosiasi turut memperkuat contributions from Associated Entities further enhanced the quality of
kualitas pertumbuhan kinerja Perseroan sepanjang tahun berjalan. the Company’s earnings growth throughout the year.
TANTANGAN YANG DIHADAPI CHALLENGES
Tahun 2025 menjadi periode yang menuntut ketahanan dan The year 2025 was a period that demanded resilience and adaptability.
adaptabilitas. Tekanan harga akibat kondisi oversupply global menjadi Price pressures arising from global oversupply remained the primary
tantangan utama, yang secara langsung memengaruhi marjin industri. challenge, directly affecting industry margins. At the same time,
Di saat yang sama, kenaikan biaya input tertentu, khususnya bahan increases in certain input costs, particularly raw materials used in the
baku dalam proses HPAL, turut memberikan tekanan tambahan HPAL process, added further pressure to the cost structure.
terhadap struktur biaya.
Di luar faktor ekonomi, perubahan lanskap industri juga dipengaruhi Beyond economic factors, the evolving industry landscape has also
oleh meningkatnya ekspektasi terhadap standar keberlanjutan. Regulasi been shaped by rising expectations around sustainability standards.
dan kebijakan di pasar utama semakin menuntut transparansi rantai Regulations and policies in key markets increasingly require greater
pasok dan praktik pertambangan dan pengolahan yang bertanggung supply chain transparency and responsible mining and processing
jawab. Selain itu, dinamika teknologi baterai kendaraan listrik, practices. In addition, ongoing developments in electric vehicle battery
termasuk berkembangnya alternatif seperti LFP, turut menciptakan technologies, including the growing adoption of alternatives such
ketidakpastian terhadap struktur permintaan jangka menengah. as LFP, have introduced uncertainties in the medium-term demand
structure.
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Dalam menghadapi kondisi tersebut, Perseroan menempatkan efisiensi In response to these challenges, the Company has positioned
operasional sebagai garis pertahanan utama. Disiplin pengendalian operational efficiency as its primary line of defense. Cost discipline,
biaya, peningkatan utilisasi kapasitas, serta optimalisasi integrasi improved capacity utilization, and the optimization of mining-
tambang–smelter menjadi langkah kunci untuk menjaga profitabilitas. to-smelter integration have become key measures to safeguard
Pada saat yang sama, Perseroan mempercepat implementasi standar profitability. At the same time, the Company continues to accelerate
internasional melalui proses sertifikasi dan penguatan sistem the adoption of international standards through certification processes
manajemen, sebagai upaya menjaga akses pasar global dalam jangka and the strengthening of management systems, as part of its effort to
panjang. maintain long-term global market access.
Di sisi operasional, Perseroan menghadapi tekanan dari kenaikan biaya From an operational standpoint, the Company also faced pressure
input, khususnya harga sulfur sebagai bahan baku utama dalam proses from rising input costs, particularly sulphur, as a key raw material in the
HPAL. Kondisi ini meningkatkan biaya produksi pada segmen hilir HPAL process. This led to higher production costs in the downstream
berbasis limonit. Namun demikian, kenaikan harga kobalt sebagai by- limonite-based segment. However, the increase in cobalt prices as a by-
product credit memberikan kompensasi parsial, sehingga profitabilitas product credit provided partial offset to these pressures, enabling the
tetap dapat dipertahankan melalui kombinasi efisiensi dan optimalisasi Company to sustain profitability through a combination of efficiency
nilai produk. improvements and value optimization.
Pendekatan ini memungkinkan Perseroan tidak hanya menjaga This approach enables the Company not only to preserve performance
ketahanan kinerja, tetapi juga tetap mencatat pertumbuhan secara resilience, but also delivering measured growth amid ongoing industry
terukur di tengah tekanan industri. pressures continuosly.
PROSPEK USAHA DAN RENCANA KE DEPAN BUSINESS PROSPECTS AND FUTURE PLANS
Memasuki tahun 2026, Perseroan melihat adanya indikasi awal menuju Entering 2026, the Company sees early indications of a transition toward
keseimbangan pasar yang lebih sehat. Kebijakan pengendalian produksi a more balanced market. Production control policies through RKAB, set
melalui RKAB bijih nikel Indonesia yang ditetapkan pemerintah sekitar at approximately 260 to 270 million tons, lower than the previous year's
260 hingga 270 juta ton, lebih rendah dibandingkan RKAB nikel tahun nickel RKAB with total production around 364 to 379 million tons, are
sebelumnya dengan total produksi mencapai kisaran 364 hingga 379 expected to support a gradual rebalancing of global supply. Meanwhile,
juta ton, diharapkan dapat mendorong proses rebalancing pasokan global economic growth projected to remain stable at around 3.1% in
global. Di sisi lain, pertumbuhan ekonomi global yang diproyeksikan 2026, providing a foundation for sustained demand.
stabil di kisaran 3,1% pada tahun 2026 memberikan fondasi permintaan
yang tetap terjaga.
Dalam konteks tersebut, Perseroan memandang tahun 2026 sebagai In this context, the Company views 2026 as a consolidation phase to
fase konsolidasi untuk memperkuat fondasi yang telah dibangun. further strengthen the established fundamentals. The focus will be on
Fokus diarahkan pada penguatan implementasi ESG sebagai strengthening toward enhancing ESG implementation as an operational
standar operasional, peningkatan keandalan dan efisiensi proses, standard, improving process reliability and efficiency, and developing
serta pengembangan organisasi yang adaptif dan berorientasi pada an adaptive organization oriented toward continuous learning.
pembelajaran berkelanjutan.
Dengan struktur biaya yang kompetitif, basis sumber daya yang kuat, With a competitive cost structure, a robust resource base, and
serta integrasi hilirisasi yang semakin matang, Perseroan berada pada increasingly integrated downstream operations, the Company is well-
posisi yang solid untuk menangkap peluang dari pemulihan harga dan positioned to capture opportunities from price recovery and long-
pertumbuhan permintaan jangka panjang. Fokus Perseroan di tahun term demand growth. The Company’s focus in 2026 is to ensure that
2026 adalah memastikan bahwa pertumbuhan ke depan tidak hanya future growth is not only larger in scale, but also higher in quality, more
lebih besar, tetapi juga lebih berkualitas, tangguh, dan berkelanjutan. resilient, and sustainable.
MEMPERKUAT KOMITMEN UNTUK KUALITAS TATA KELOLA STRENGTHENING COMMITMENT TO HIGHER GOVERNANCE
YANG LEBIH BAIK QUALITY
Seiring dengan meningkatnya perhatian terhadap aspek ESG, As attention toward ESG aspects continues to increase, the
penerapan Tata Kelola Perusahaan yang Baik (Good Corporate implementation of Good Corporate Governance (GCG) is increasingly
Governance/GCG) semakin dipandang sebagai fondasi utama dalam recognized as a fundamental pillar in ensuring responsible, transparent,
memastikan proses pengambilan keputusan yang bertanggung jawab, and value-driven decision-making. In this context, effective governance
transparan, dan berorientasi pada penciptaan nilai jangka panjang. is not only a matter of regulatory compliance, but also a key
Dalam konteks ini, tata kelola yang efektif tidak hanya menjadi prerequisite for managing risks and social and environmental impacts
instrumen kepatuhan, tetapi juga prasyarat penting dalam mengelola in a sustainable manner.
risiko serta dampak sosial dan lingkungan secara berkelanjutan.
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Sebagai perusahaan terbuka, Direksi secara konsisten menjunjung As a public company, the Board of Directors consistently upholds the
tinggi penerapan prinsip-prinsip GCG di tingkat Perseroan maupun implementation of GCG principles across both the Company and its
Entitas Anak. Komitmen ini tidak hanya ditujukan untuk memenuhi Subsidiaries. This commitment is not solely aimed at complying with
ketentuan peraturan perundang-undangan, tetapi juga untuk menjaga applicable laws and regulations, but also at maintaining the trust of
kepercayaan pemegang saham dan seluruh pemangku kepentingan. shareholders and all stakeholders.
Sepanjang tahun 2025, Perseroan terus memperkuat implementasi GCG Throughout 2025, the Company continued to strengthen GCG
melalui berbagai inisiatif yang berfokus pada peningkatan kapabilitas implementation through various initiatives focused on enhancing
organisasi, penguatan budaya kepatuhan, serta penyempurnaan organizational capabilities, reinforcing a culture of compliance,
kebijakan dan sistem pengendalian internal. Salah satu langkah and improving policies and internal control systems. One of the key
strategis yang dilakukan adalah penyelenggaraan pelatihan Hak initiatives was the implementation of Human Rights (HR) training for
Asasi Manusia (HAM) bagi tim koordinasi di setiap departemen, yang coordination teams across departments, who subsequently act as
kemudian berperan sebagai agen sosialisasi untuk memastikan agents of dissemination to ensure consistent understanding throughout
pemahaman yang merata di seluruh unit kerja. the organization.
Selain itu, Perseroan secara berkelanjutan menyelenggarakan program In addition, the Company continuously conducted training programs
pelatihan yang mencakup Whistleblowing System (WBS), Anti-Bribery & covering the Whistleblowing System (WBS), Anti-Bribery & Corruption
Corruption (ABC), Anti-Money Laundering (AML), serta HAM, yang telah (ABC), Anti-Money Laundering (AML), and Human Rights, which were
diikuti oleh sebagian besar karyawan. Program ini merupakan bagian attended by the majority of employees. These initiatives form part of
dari upaya membangun budaya kerja yang beretika, transparan, dan the Company’s ongoing efforts to foster an ethical, transparent, and
menjunjung tinggi integritas. integrity-driven work culture.
Dari sisi kebijakan, Perseroan melakukan penyempurnaan kebijakan From a policy perspective, the Company enhanced its ABC and AML
ABC dan AML dengan memperluas cakupan hingga mencakup pemasok, policy by expanding its scope to include suppliers and strengthening
serta memperkuat mekanisme pelaporan untuk meningkatkan reporting mechanisms to improve the effectiveness of internal controls
efektivitas pengendalian dan mitigasi risiko. Sejalan dengan itu, and risk mitigation. In parallel, the Company continued to develop
Perseroan juga terus mengembangkan Standard Operating Procedure Standard Operating Procedures (SOPs) as a foundation for consistent
(SOP) sebagai landasan implementasi tata kelola yang konsisten di governance implementation across the organization. Throughout 2025,
seluruh organisasi. Sepanjang tahun 2025, sejumlah SOP telah disusun several SOPs have been preapred and implemented across business
dan diterapkan di berbagai unit kerja untuk memastikan proses yang units to ensure standardized, accountable processes that support
terstandarisasi, akuntabel, dan mendukung peningkatan kinerja secara sustainable performance improvement.
berkelanjutan.
Dengan penguatan tersebut, Perseroan menempatkan tata kelola Through these enhancements, the Company positions governance as a
sebagai enabler utama dalam menjaga keberlanjutan usaha dan key enabler in sustaining business continuity and strengthening market
meningkatkan kepercayaan pasar. confidence.
PERUBAHAN KOMPOSISI DIREKSI CHANGES IN THE COMPOSITION OF THE BOARD OF
DIRECTORS
Pada tahun 2025 tidak ada perubahan komposisi Direksi Perseroan. There were no changes to the composition of the Board of Directors in
2025.
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APRESIASI APPRECIATION
Direksi menyampaikan apresiasi dan penghargaan yang setinggi- The Board of Directors extends its highest appreciation to the
tingginya kepada seluruh pemegang saham, Dewan Komisaris, serta shareholders, the Board of Commissioners, and all stakeholders for
para pemangku kepentingan atas kepercayaan, dukungan, dan their continued trust, support, and collaboration with the Company. We
kerja sama yang terus diberikan kepada Perseroan. Ucapan terima also express our sincere gratitude to all employees for their dedication,
kasih juga kami sampaikan kepada seluruh karyawan atas dedikasi, professionalism, and commitment in executing the Company’s strategic
profesionalisme, dan komitmen yang telah ditunjukkan sepanjang initiatives throughout 2025.
tahun 2025 dalam menjalankan berbagai inisiatif strategis Perseroan.
Dengan fondasi yang semakin kuat serta kolaborasi yang solid dari With a stronger foundation and solid collaboration across all
seluruh pemangku kepentingan, Perseroan optimistis dapat terus stakeholders, the Company remains confident in its ability to sustain
tumbuh secara berkelanjutan dan memberikan nilai tambah yang growth and deliver optimal long-term value.
optimal di masa mendatang.
Atas nama Direksi
On behalf of the Board of Directors
Roy Arman Arfandy
Direktur Utama
President Director
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Laporan Manajemen
Management Report
DIREKSI
The Board of Directors
Younsel Evand Roos Roy Arman Arfandy Lim Sian Choo
Direktur Direktur Utama Direktur
Director President Director Director
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Suparsin Darmo Liwan Tonny H. Gultom
Direktur Direktur
Director Director
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PROFIL
PERUSAHAAN
Company Profile
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Profil Perusahaan
Company Profile
IDENTITAS PERUSAHAAN
Corporate Identity
Nama Perusahaan Tanggal Pendirian
Company Name Date of Establishment
6 September 2004
PT Trimegah Bangun Persada Tbk September 6, 2004
Tanggal Pencatatan Saham Bursa Pencatatan Saham
Share Listing Date Stock Listing Exchange
12 April 2023 Bursa Efek Indonesia
April 12, 2023 Indonesia Stock Exchange
Bidang Usaha Kode Saham
Business Field Stock Code
Kegiatan Usaha Utama: NCKL
I. Pertambangan Bijih Nikel
II. Kawasan Industri
Kegiatan Usaha Penunjang:
I. Industri Pembuatan Logam Dasar Bukan Besi Jumlah Karyawan (per 31 Desember 2025)
II. Jasa Pengujian Laboratorium Number of Employees (as of December 31, 2025)
III. Aktivitas Konsultasi Manajemen Lainnya
Main Business Activities:
12.530
karyawan | employees
I. Nickel Ore Mining
II. Industrial Estate (termasuk Entitas Anak)
(including Subsidiaries)
Supporting Business Activities:
I. Non-Ferrous Base Metal Manufacturing Industry
II. Laboratory Testing Services
III. Other Management Consulting Activities
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Dasar Hukum Pendirian Alamat
Legal Basis of Establishment Address
Akta Pendirian No. 3 tertanggal 6 September 2004 dibuat di Gedung Bank Panin Lt. 2
hadapan Erna Priyono, S.H., Notaris di Jakarta, sebagaimana Jl. Jend. Sudirman Kav. 1, Kelurahan Gelora,
pengesahan pendiriannya telah disahkan oleh Menteri Kecamatan Tanah Abang, Jakarta Pusat 10270
Hukum dan Hak Asasi Manusia Republik Indonesia melalui Tel.: +62 21 5722924 | Fax.: +62-21 5722924
Keputusan No. W7-09399 HT.01.01-TH.2007 tertanggal 27
Agustus 2007. Panin Bank Building 2nd Floor
Jl. Jend. Sudirman Kav. 1, Gelora District,
Deed of Establishment No. 3 dated September 6, 2004, Tanah Abang Sub-District, Central Jakarta 10270
made before Erna Priyono, S.H., Notary in Jakarta, as the Tel.: +62 21 5722924 | Fax.: +62-21 5722924
ratification of its establishment has been approved by
the Minister of Law and Human Rights of the Republic of
Indonesia through Decree No. W7-09399 HT.01.01-TH.2007
dated August 27, 2007.
Modal Dasar Surat Elektronik
Authorized Capital E-Mail
22.040.400.000.000
Rp tbp.corsec@haritanickel.com
Modal Ditempatkan dan Disetor Penuh Situs Web
Issued and Paid-up Capital Website
6.309.860.000.000
Rp www.tbpnickel.com
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Profil Perusahaan
Company Profile
RIWAYAT SINGKAT PERSEROAN
Brief History of The Company
PT Trimegah Bangun Persada Tbk (Perseroan atau TBP)
didirikan berdasarkan Akta Pendirian No. 3 tanggal
6 September 2004, dibuat di hadapan Erna Priyono,
S.H., Notaris di Jakarta, yang telah memperoleh pengesahan
dari Menteri Hukum dan Hak Asasi Manusia Republik
Indonesia berdasarkan Keputusan No. W7-09399
HT.01.01-TH.2007 tanggal 27 Agustus 2007.
PT Trimegah Bangun Persada Tbk (The Company or TBP) was established based on the Deed of
Establishment No. 3 dated September 6, 2004, made before Erna Priyono, S.H., Notary in Jakarta, which
has been ratified by the Minister of Law and Human Rights of the Republic of Indonesia based on the
Decree No. W7-09399 HT.01.01-TH.2007 dated August 27, 2007.
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PT Trimegah Bangun Persada Tbk (Perseroan atau TBP)
merupakan bagian dari Harita Group yang menjalankan kegiatan
usaha pertambangan dan pemrosesan nikel terintegrasi secara
berkelanjutan dari hulu ke hilir. Seluruh aktivitas operasional
Perseroan beserta Entitas Anak berlokasi di Pulau Obi, Kabupaten
Halmahera Selatan, Provinsi Maluku Utara.
PT Trimegah Bangun Persada Tbk (the Company or TBP) is part of the Harita Group and
operates an integrated and sustainable nickel mining and processing business from
upstream to downstream. All operational activities of the Company and its Subsidiaries
are located on Obi Island, South Halmahera Regency, North Maluku Province.
Perseroan dan Entitas Anak saat ini memiliki 6 (enam) Izin Usaha The Company and its Subsidiaries currently hold 6 (six) Mining Business
Pertambangan (IUP), dengan 3 (tiga) proyek pertambangan nikel Licenses (IUPs), with 3 (three) active laterite nickel mining projects that
laterit aktif yang telah berproduksi. Area pertambangan tersebut are already in production. These mining areas comprise 4,247 hectares
meliputi wilayah seluas 4.247 hektare yang dioperasikan langsung oleh operated directly by the Company, as well as 1,277 hectares and 2,314
Perseroan, serta masing-masing seluas 1.277 hektare dan 2.314 hektare hectares operated by the Company’s Subsidiaries, namely PT GPS and
yang dioperasikan oleh Entitas Anak Perseroan, yaitu PT GPS dan PT GTS, respectively. Accordingly, the total mining operational area of
PT GTS. Dengan demikian, total luas kawasan operasi pertambangan the Company covers approximately 7,838 hectares.
Perseroan mencapai sekitar 7.838 hektare.
Selain wilayah operasi yang telah berproduksi, Perseroan melalui In addition to the producing assets, the Company, through its
Entitas Anak juga memiliki 3 (tiga) prospek pertambangan nikel yang Subsidiaries, also owns 3 (three) prospective nickel mining areas that
masih dalam tahap eksplorasi dan pengembangan, yaitu PT OAM seluas are still under exploration and development, namely PT OAM covering
1.775 hektare, PT JMP seluas 1.885 hektare, dan PT KTS seluas 3.185 1,775 hectares, PT JMP covering 1,885 hectares, and PT KTS covering
hektare. Portofolio ini menjadi basis keberlanjutan pasokan bijih nikel 3.185 hektare. This portfolio serves as a foundation for the long-term
jangka panjang bagi fasilitas pengolahan Perseroan. sustainability of nickel ore supply for the Company’s processing
facilities.
Perseroan memulai kegiatan operasional tambang nikel sejak tahun The Company commenced its nickel mining operations in 2010. In
2010. Seiring dengan dinamika industri dan kebijakan nasional di sektor line with industry developments and national mineral policies, the
mineral, Perseroan kemudian melakukan transformasi strategis dengan Company subsequently undertook a strategic transformation by
mengembangkan fasilitas pengolahan dan pemurnian nikel terintegrasi developing integrated nickel processing and refining facilities to
guna mendukung program hilirisasi mineral nasional. support the national downstream mineral program.
Dalam pengembangan tersebut, Perseroan berperan sebagai pengusul In this regard, the Company acts as a proposer and initiator of a National
dan pemrakarsa Proyek Strategis Nasional (PSN), sebagaimana Strategic Project (Proyek Strategis Nasional/PSN), as stipulated in
ditetapkan dalam Peraturan Menteri Koordinator Bidang Perekonomian Regulation of the Coordinating Minister for Economic Affairs No. 21
No. 21 Tahun 2022 tentang Perubahan Kedua atas Peraturan Menteri of 2022 regarding the Second Amendment to Regulation No. 7 of
Koordinator Bidang Perekonomian No. 7 Tahun 2021 tentang 2021 on Amendments to the List of National Strategic Projects, as an
Perubahan Daftar Proyek Strategis Nasional sebagai perubahan atas amendment to Presidential Regulation No. 109 of 2020 on the Third
Peraturan Presiden No. 109 Tahun 2020 tentang Perubahan Ketiga atas Amendment to Presidential Regulation No. 3 of 2016 regarding the
Peraturan Presiden No. 3 Tahun 2016 tentang Percepatan Pelaksanaan Acceleration of National Strategic Projects.
Proyek Strategis Nasional.
Perseroan berkomitmen untuk melaksanakan mandat pemerintah The Company is committed to implementing this government mandate
tersebut secara bertanggung jawab melalui optimalisasi nilai tambah responsibly by optimizing value-added from nickel resources, while
sumber daya nikel, sekaligus menciptakan manfaat berkelanjutan bagi delivering sustainable benefits to all stakeholders, including the
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Profil Perusahaan
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seluruh pemangku kepentingan, termasuk pemerintah, masyarakat government, local communities surrounding its operational areas,
di sekitar wilayah operasional, pemegang saham, serta karyawan shareholders, and employees, the majority of whom are recruited from
yang sebagian besar berasal dari wilayah setempat. Komitmen ini the local region. This commitment is reflected in the implementation
diwujudkan melalui penerapan praktik pertambangan yang baik, of good mining practices, sustainable environmental management, and
pengelolaan lingkungan yang berkelanjutan, serta kontribusi sosial continuous social contributions.
yang berkesinambungan.
AKTA PENDIRIAN DEED OF ESTABLISHMENT
Perseroan didirikan dengan nama PT Trimegah Bangun Persada The Company was established under the name PT Trimegah Bangun
berdasarkan Akta Pendirian No. 3 tertanggal 6 September 2004, yang Persada pursuant to Deed of Establishment No. 3 dated 6 September
dibuat di hadapan Erna Priyono, S.H., Notaris di Jakarta. Akta pendirian 2004, made before Erna Priyono, Bachelor of Law, Notary in Jakarta.
tersebut telah memperoleh pengesahan pendirian badan hukum dari The deed of establishment obtained legal entity approval from the
Menteri Hukum dan Hak Asasi Manusia Republik Indonesia melalui Minister of Law and Human Rights of the Republic of Indonesia through
Keputusan No. W7-09399 HT.01.01-TH.2007 tertanggal 27 Agustus 2007. Decree No. W7-09399 HT.01.01-TH.2007 dated August 27, 2007.
PERUBAHAN NAMA CHANGE OF NAME
Sejak didirikan hingga saat ini, Perseroan tidak pernah mengalami Since its establishment until today, the Company has never changed its
perubahan nama. name.
PERUBAHAN ANGGARAN DASAR AMENDMENT TO THE ARTICLES OF ASSOCIATION
Anggaran Dasar Perseroan telah mengalami beberapa kali perubahan The Company’s Articles of Association have been amended several
untuk menyesuaikan dengan perkembangan usaha, kebutuhan times to comply with business developments, the Company’s needs,
Perseroan, dan ketentuan peraturan perundang-undangan yang and prevailing laws and regulations. The latest amendment of article of
berlaku. Perubahan Anggaran Dasar terakhir dimuat dalam Akta No. 18 association in the Deed No. 18 dated May 3, 2023, made before Jimmy
tanggal 3 Mei 2023, yang dibuat di hadapan Jimmy Tanal, S.H., M.Kn., Tanal, Bachelor of Law, Magister of Notary, Notary in South Jakarta,
Notaris di Jakarta Selatan yang penerimaan pemberitahuan atas that the notification of the amendment to the Articles of Association
perubahan Anggaran Dasar tersebut telah diterima dan dicatat dalam has been duly received and recorded in the Legal Entity Administration
Sistem Administrasi Badan Hukum Kementerian Hukum dan Hak Asasi System of the Ministry of Law and Human Rights of the Republic of
Manusia Republik Indonesia melalui Surat No. AHU-AH.01.03-0059867 Indonesia through Decree No. AHU-AH.01.03-0059867 dated May 5,
tanggal 5 Mei 2023. 2023.
PENAWARAN UMUM PERDANA INITIAL PUBLIC OFFERING
Pada 12 April 2023, Perseroan secara resmi mencatatkan sahamnya On April 12, 2023, the Company officially listed its shares on the IDX
di BEI melalui Penawaran Umum Perdana (Initial Public Offering/IPO) through an Initial Public Offering (IPO) under the stock code “NCKL”. In
dengan kode saham “NCKL”. Dalam aksi korporasi tersebut, Perseroan this corporate action, the Company offered 7,997,600,000 shares with a
menawarkan sebanyak 7.997.600.000 lembar saham dengan nilai nominal value of IDR100 per share at an offering price of IDR1,250 per
nominal Rp100 per saham dan harga penawaran sebesar Rp1.250 per share.
saham.
MENDORONG HILIRISASI NIKEL BERKELANJUTAN PROMOTING SUSTAINABLE NICKEL DOWNSTREAMING
Dalam satu dekade terakhir, Perseroan telah berperan sebagai pelopor Over the past decade, the Company has played a pioneering role in
dalam peningkatan nilai tambah sumber daya nikel di Indonesia. enhancing value-added for Indonesia’s nickel resources. In line with the
Sejalan dengan kebijakan pemerintah di sektor mineral, Perseroan Government’s mineral policy, the Company has leveraged its position
memanfaatkan posisinya sebagai perusahaan pertambangan nikel as an integrated nickel mining company by operating one of the first
terintegrasi dengan mengoperasikan salah satu pabrik RKEF modern modern RKEF plants in Indonesia.
pertama di Indonesia.
Selain itu, Perseroan juga menjadi pionir dalam pengolahan dan Furthermore, the Company has become a pioneer in Indonesia in
pemurnian nikel limonit berkadar rendah melalui penerapan teknologi processing and refining low-grade limonite nickel ore through the
HPAL. Teknologi ini memungkinkan pemanfaatan bijih nikel limonit application of HPAL technology. This technology enables the utilization
yang sebelumnya belum optimal, menjadi produk antara bernilai of limonite nickel ore that was previously underutilized, transforming it
strategis berupa MHP. Selanjutnya, MHP tersebut diolah menjadi produk into a strategically valuable intermediate product in the form of MHP.
akhir berupa Nikel Sulfat (NiSO4), yang merupakan bahan utama dalam Subsequently, MHP is further processed into a final product in the form
pembuatan katoda baterai kendaraan listrik. of Nickel Sulphate (NiSO4), which is a key material for cathodes used in
EV batteries.
Melalui integrasi pertambangan dan pengolahan, serta penerapan Through the integration of mining and processing operations, as
teknologi yang efisien dan ramah lingkungan, Perseroan telah well as the application of efficient and environmentally responsible
berkembang menjadi salah satu proyek pertambangan dan pemurnian technologies, the Company has grown into one of the world’s
nikel dan kobalt terintegrasi yang penting di tingkat global. Perseroan important integrated nickel and cobalt mining and refining projects.
secara bertanggung jawab mengelola sumber daya alam untuk The Company responsibly manages natural resources to generate
menghasilkan nilai ekonomi sekaligus mendukung transisi energi dan economic value while supporting global energy transition and
pembangunan berkelanjutan. sustainable development.
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JEJAK LANGKAH
Milestones
2011 2017 2019
Perseroan mulai beroperasi secara penuh di Pabrik PT MSP berhasil memproduksi Perseroan bersama mitra strategis
kawasan pertambangan nikel seluas 5.524 feronikel pertama. Produk feronikel tersebut mendirikan perusahaan patungan PT HJF,
hektare yang berlokasi di Desa Kawasi, diekspor dan digunakan sebagai bahan yang merupakan fasilitas smelter feronikel
Kecamatan Obi, Kabupaten Halmahera baku industri besi nirkarat (stainless steel). kedua dalam portofolio usaha Perseroan.
Selatan, Provinsi Maluku Utara. Kegiatan
penambangan dilaksanakan bekerja sama PT MSP successfully produced its first The Company, together with its strategic
dengan PT GPS, yang merupakan Entitas ferronickel. Ferronickel products were partners, established PT HJF, which serves
Anak Perseroan. exported as raw materials in the stainless as the Company’s second ferronickel
steel industry. smelter facility.
The Company commenced full-scale
operations in a nickel mining area covering
5,524 hectares located in Kawasi Village, Obi
District, South Halmahera Regency, North
Maluku Province. Mining activities were
carried out in cooperation with PT GPS, a
Subsidiary of the Company.
2016 2018
Perseroan mulai mengoperasikan fasilitas smelter nikel Perseroan bersama mitra strategis mendirikan perusahaan
saprolit (nikel berkadar tinggi) dengan 4 (empat) lini produksi. patungan PT HPL, yang bergerak di bidang pengolahan nikel
Fasilitas smelter tersebut dioperasikan oleh PT MSP melalui limonit (nikel berkadar rendah). PT HPL menjadi perusahaan
penerapan teknologi RKEF untuk menghasilkan produk pertama di Indonesia yang mengembangkan produksi bahan
feronikel. PT MSP merupakan fasilitas smelter pertama baku baterai kendaraan listrik melalui penerapan teknologi
Perseroan yang dibangun untuk mendukung kebijakan HPAL.
Pemerintah dalam pengembangan industri hilirisasi nikel di
Indonesia. Together with its strategic partners, the Company established
a joint venture company, PT HPL, engaged in the processing of
The Company began operating a saprolite nickel smelter limonite nickel ore (low-grade nickel). PT HPL became the first
(high-grade nickel) consisting of 4 (four) production lines. The company in Indonesia to develop electric vehicle (EV) battery raw
smelter facility is operated by PT MSP using RKEF technology materials through the application of HPAL technology.
to produce ferronickel products. PT MSP represents the
Company’s first smelter facility, established to support
the Government’s policy on developing Indonesia’s nickel
downstream industry.
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2020 2022
PT HJF memulai tahap konstruksi • PT HJF, fasilitas pengolahan nikel saprolit, mulai beroperasi secara
pabrik smelter dengan total komersial dengan 1 (satu) lini produksi, sementara 7 (tujuh) lini lainnya
8 (delapan) lini produksi dan direncanakan beroperasi penuh pada tahun 2023.
kapasitas terpasang sebesar 95.000 • PT ONC memulai proses konstruksi fasilitas HPAL tahap III, sehingga secara
metal ton feronikel per tahun. keseluruhan akan memiliki 3 (tiga) jalur produksi dengan kapasitas total
sebesar 65.000 metal ton nikel per tahun. PT ONC direncanakan mulai
PT HJF commenced construction berproduksi pada kuartal I tahun 2024.
of its smelter plant, comprising 8 • PT HJF, a saprolite nickel processing facility, officially commenced
(eight) production lines with an commercial operations with 1 (one) production line, while the remaining 7
installed capacity of 95,000 metal (seven) lines were scheduled to reach full operation in 2023.
tons of ferronickel per year. • PT ONC commenced construction of its HPAL phase III facility, which upon
completion will comprise 3 (three) production lines with a total capacity of
65,000 metal tons of nickel per year. PT ONC was scheduled to commence
production in the first quarter of 2024.
2021
Perusahaan patungan Perseroan dengan mitra strategis, yaitu PT HPL, yang mana
Perseroan memiliki kepemilikan saham sebesar 45,1%, resmi mulai beroperasi.
PT HPL menjadi pelopor di Indonesia dalam memproduksi MHP, yang dapat diolah
lebih lanjut menjadi nikel sulfat dan kobalt sulfat, dengan kapasitas produksi
mencapai 55.000 ton MHP per tahun.
The Company’s joint venture with strategic partners, PT HPL, in which the Company
holds a 45.1% equity interest, officially commenced commercial operations. PT HPL
became a pioneer in Indonesia in producing MHP, which can be further processed
into nickel sulphate and cobalt sulphate, with a total production capacity of 55,000
tons of MHP per year.
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2023
• Pada 12 April 2023, Perseroan resmi mencatatkan sahamnya di BEI • On April 12, 2023, the Company officially listed its shares on the IDX through
melalui Penawaran Umum Perdana (IPO). Perseroan menawarkan an Initial Public Offering (IPO). The Company offered 7,997,600,000 shares
sebanyak 7.997.600.000 lembar saham dengan nilai nominal Rp100 per with a nominal value of IDR100 per share at an offering price of IDR1,250 per
saham dan harga penawaran sebesar Rp1.250 per saham. share.
• Pada 25 Maret 2023, PT HPL untuk pertama kalinya berhasil • On March 25, 2023, PT HPL successfully produced nickel sulphate for the first
memproduksi nikel sulfat. Pencapaian ini menandai tonggak penting time. This achievement marked a significant milestone in the development
dalam pengembangan sumber energi baru di Indonesia, sekaligus of Indonesia’s new energy resources and strengthened the country’s position
memperkuat posisi Indonesia sebagai produsen bahan baku prekursor as a producer of EV battery cathode precursor materials.
katoda baterai kendaraan listrik.
• Pada 16 Juni 2023, PT HPL melakukan ekspor perdana nikel sulfat • On June 16, 2023, PT HPL carried out its first export of nickel sulphate,
sebanyak 5.584 ton ke salah satu mitra bisnis Perseroan di Tiongkok. shipping 5,584 tons to one of the Company’s business partners in China.
Produk tersebut digunakan dalam produksi baterai lithium The refined nickel sulphate is used in the production of high-nickel-content
berkandungan nikel tinggi yang permintaannya terus meningkat seiring lithium batteries, the demand for which is expected to continue growing,
pertumbuhan industri kendaraan listrik global. particularly within the global EV industry.
• Pada 1 September 2023, Perseroan bersama mitra strategis membentuk • On September 1, 2023, the Company and its strategic partners established
perusahaan patungan PT KTS yang bergerak di bidang pertambangan a joint venture company, PT KTS, engaged in nickel ore mining, with the
bijih nikel, dengan kepemilikan saham Perseroan sebesar 36%. Company holding a 36% equity interest.
• Perseroan melakukan pembelian 6.090 lembar saham PT GPS dari • The Company acquired 6,090 shares in PT GPS from PT HJR, pursuant to
PT HJR berdasarkan Akta Jual Beli Saham No. 27 tanggal 28 November Share Sale and Purchase Deed No. 27 dated November 28, 2023, made before
2023 yang dibuat di hadapan Marichicha Puicha L. Sianturi, S.H., M.Kn., Marichicha Puicha L. Sianturi, S.H., M.Kn., Notary in Central Jakarta.
Notaris di Kota Administrasi Jakarta Pusat.
• Perseroan juga melakukan akuisisi saham PT GTS sebanyak 989 lembar • The Company also acquired shares in PT GTS, consisting of 989 shares from
saham dari PT HJR dan 1 lembar saham dari PT CDJM, berdasarkan PT HJR and 1 share from PT CDJM, pursuant to Share Sale and Purchase
Akta Jual Beli Saham No. 29 dan No. 30 tanggal 29 November 2023, yang Deeds No. 29 and No. 30 dated November 29, 2023, both made before the
seluruhnya dibuat di hadapan Notaris yang sama. same Notary.
2024
• Pada 16 Mei 2024, Perseroan bersama mitra strategis membentuk • On May 16, 2024, the Company and its strategic partners established a joint
perusahaan patungan PT CKM yang bergerak di bidang industri kapur, venture company, PT CKM, engaged in the lime industry, with the Company
dengan kepemilikan saham Perseroan sebesar 40%. holding a 40% equity interest.
• Pada tanggal yang sama, Perseroan melalui perusahaan asosiasinya • On the same date, the Company, through its associate company PT HPL,
PT HPL membentuk perusahaan patungan PT BBS yang bergerak established a joint venture company, PT BBS, engaged in the processing
di bidang pengolahan sisa hasil produksi fasilitas pemurnian HPAL, of by-products from HPAL refining facilities, with PT HPL holding a 94.24%
dengan kepemilikan saham PT HPL sebesar 94,24%. equity interest.
• PT ONC mulai berproduksi secara komersial pada kuartal III tahun • PT ONC commenced commercial production in the third quarter of 2024,
2024 dengan 3 (tiga) lini produksi dan kapasitas sebesar 65.000 ton operating 3 (three) production lines with a capacity of 65,000 tons of
kandungan nikel dalam MHP per tahun. contained nickel in MHP per year.
• Pada 30 Oktober 2024, Perseroan melalui entitas anaknya PT GTS • On October 30, 2024, the Company, through its subsidiary PT GTS, acquired
melakukan akuisisi sebanyak 990 lembar saham PT KKT dari PT BKJR, 990 shares in PT KKT from PT BKJR, as set forth in the Share Custody Deed
yang dituangkan dalam Akta Penyimpanan No. 26 tanggal 30 Oktober No. 26 dated October 30, 2024, made before Marichicha Puicha L. Sianturi,
2024, dibuat di hadapan Marichicha Puicha L. Sianturi, S.H., M.Kn., S.H., M.Kn., Notary in Central Jakarta.
Notaris di Kota Administrasi Jakarta Pusat.
• Pada 13 Desember 2024, Perseroan membeli sebanyak 628.240 • On December 13, 2024, the Company acquired 628,240 shares, representing
lembar saham atau setara dengan 10% kepemilikan saham milik mitra 10% of the shares owned by a strategic partner in PT ONC, thereby increasing
strategis di PT ONC, sehingga total kepemilikan Perseroan meningkat the Company’s total ownership to 1,256,480 shares or 20% of the issued and
menjadi 1.256.480 lembar saham atau sebesar 20% dari saham yang paid-up shares of PT ONC.
ditempatkan dan disetor dalam PT ONC.
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2025
• Pada tanggal 25 Juni 2025, Perseroan membeli sebanyak 1.256.480
lembar saham atau sebesar 20% saham milik PT HJR dalam
PT ONC, sehingga kepemilikan saham Perseroan dalam PT ONC adalah
sebesar 2.512.960 lembar saham atau sebesar 40% dari saham yang
ditempatkan dan disetor dalam PT ONC.
On June 25, 2025, the Company purchased 1,256,480 shares, or 20%
of the shares owned by PT HJR in PT ONC, therefore the Company's
total share ownership in PT ONC to 2,512,960 shares, or 40% of the
issued and paid-up shares in PT ONC.
• Pada tanggal 1 Oktober 2025, Perseroan melalui Entitas Asosiasi yang
secara tidak langsung dimiliki oleh Perseroan yaitu PT BBS dan mitra
strategis mendirikan perusahaan patungan yaitu PT BJL yang bergerak
di bidang industri besi dan baja dasar (iron & steel making), industri
pipa dan sambungan pipa dari baja dan besi, serta pengolahan dan
pembuangan limbah berbahaya. Kepemilikan saham PT BBS dalam
PT BJL adalah 99,99%.
On October 1, 2025, the Company through its indirectly owned
Associated Entity by the Company, namely PT BBS, along with its
strategic partner, have established a joint venture company named
PT BJL which engaged in Iron and Steel Making Industry, Steel and
Iron Pipe and Pipe Fitting Industry and Hazardous Waste Processing
and Disposal. The PT BBS’s share ownership in PT BJL is 99,99%.
• Pada 13 November 2025, Entitas Anak Perseroan, yaitu PT GTS
telah melakukan penjualan bijih nikel saprolit untuk mendukung
operasional dari Entitas Anak dan Entitas Asosiasi Perseroan, yaitu
PT HJF dan PT KPS.
On November 13, 2025, the Company's Subsidiary, namely PT GTS has
sold saprolite nickel ore to support the operations of the Company's
Subsidiary and Associated Entity, namely PT HJF and PT KPS.
• Pada 31 Desember 2025, Entitas Asosiasi Perseroan, yaitu PT KPS
telah beroperasi dengan kapasitas penuh untuk 8 (delapan) lini
produksi RKEF.
On December 31, 2025, the Company's Associated Entity, namely
PT KPS has been operating at full capacity for 8 (eight) RKEF
production lines.
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Profil Perusahaan
Company Profile
VISI, MISI, DAN NILAI
INTI PERUSAHAAN
Vision, Mission, and Corporate Core Values
VISI vision
Mengoptimalkan nilai sumber daya yang kami miliki
untuk memberikan kontribusi terbaik bagi Pemegang
Saham, Pemangku Kepentingan, dan Negara.
To optimize the value of our resources to provide the
best contributions to our Shareholders, Stakeholders,
and the Nation.
MISI mission
Keunggulan berkelanjutan melalui peningkatan
sumber daya manusia dan proses yang
berkesinambungan.
Sustainable excellence through continuous
improvements of people and processes.
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NILAI INTI
PERUSAHAAN
corporate core values
01 02 03
Bersikap rendah hati dan mau mendengar pihak Tercapainya hasil terbaik terus-menerus Menunjukkan interaksi terhadap sesama dengan
lain untuk menciptakan budaya peduli. berdasarkan standar proses di Perusahaan. kesantunan sesuai adat istiadat ketimuran serta
bertoleransi dan berempati terhadap sesama
Keep a low profile and good listeners to create Achieved the best sustainable results based upon karyawan tanpa memandang posisi/jabatan.
a caring culture for others. Company’s standard processes.
Demonstrate interactions with others by
promoting modesty and tolerance in accordance
with the eastern customs and emphatic among
colleagues regardless of position/roles.
HUMILITY ACHIEVEMENT RESPECT
ORIENTED FOR EVERY
INDIVIDUAL
H A R
02
01 03
Berorientasi
Kerendahan Hati pada Prestasi Menghormati Individu
INTEGRITY TEAMWORK ACCOUNTABILITY
I T A
04 05 06
Integritas Kerja Sama Tim Pertanggungjawaban
04 05 06
Tidak mengenal kompromi dalam hal Berorientasi pada keberhasilan kelompok dan Menunjukkan upaya signifikan saat menghadapi
pertentangan nilai inti di Perusahaan, mempunyai mentalitas berkelimpahan (peduli, hambatan dalam mengimplementasikan
menunjukkan sikap tulus dalam bekerja, serta menolong, dan tulus). kebijakan Perusahaan.
bertanggung jawab terhadap kesalahan sendiri.
Teamwork achievement-oriented and demonstrate Demonstrate optimum measures to cope with
Take no compromise for conflict of Company’s core abundance mindset (care, support, and sincere). challenges in delivering Company’s policies.
values, demonstrate a genius attitude, and hold
responsible for own mistake at work.
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Profil Perusahaan
Company Profile
KEGIATAN USAHA
Business Activities
KEGIATAN USAHA MENURUT ANGGARAN DASAR TERAKHIR BUSINESS ACTIVITIES ACCORDING TO THE LATEST
PERSEROAN COMPANY’S ARTICLES OF ASSOCIATION
Berdasarkan Pasal 3 Anggaran Dasar Perseroan yang terakhir dimuat Based on Article 3 of the Company’s Articles of Association which was
melalui Akta No. 145 tanggal 15 Desember 2022, dibuat di hadapan last contained through the Deed No. 145 dated December 15, 2022,
Jimmy Tanal, S.H., M.Kn., Notaris di Kota Administrasi Jakarta Selatan, made before Jimmy Tanal, Bachelor of Law, Magister of Notary, Notary
maksud dan tujuan Perseroan adalah menjalankan kegiatan usaha in South Jakarta, the purposes and objectives of the Company are to
utama yaitu pertambangan bijih nikel dan kawasan industri. Untuk carry out the main business activities, namely nickel ore mining and
mencapai maksud dan tujuan tersebut, Perseroan dapat melaksanakan industrial areas. To achieve these goals and objectives, the Company
kegiatan usaha utama sebagai berikut: may carry out the following main business activities:
1. 07295 - Pertambangan Bijih Nikel 1. 07295 - Nickel Ore Mining
Mencakup pertambangan bijih logam yang dilakukan melalui Includes mining of metal ores, which is carried out through
penambangan bawah tanah, penambangan terbuka (open-cast), underground mining, open-cast mining, seabed mining, and
dasar laut dan lain-lain. Kegiatan ini juga mencakup peningkatan others. This activity also includes the enhancement of benefits
manfaat seperti penghancuran, pengasahan, pencucian, such as crushing, grinding, washing, drying, sintering (heating
pengeringan, sintering (pemanasan tanpa pelelehan), calcining without melting), calcining (heating until oxidation) and sludge of
(pemanasan sampai oksidasi) dan peluruhan bijih logam, metal ores, as well as flotation and separation operations by gravity.
serta operasi pengapungan dan pemisahan dengan gaya berat Furthermore, mining and preparation of metal ores that primarily
(gravitasi). Selanjutnya, pertambangan dan penyiapan bijih logam do not contain ferrous metals, such as aluminum (bauxite), copper,
yang utamanya tidak mengandung logam besi seperti aluminium tin, lead, zinc, manganese, chromium, nickel, cobalt, molybdenum,
(bauksit), tembaga, timah putih, timah hitam, seng, mangan, krom, tantalum, vanadium and others; and
nikel, kobalt, molybdenum, tantalum, vanadium dan lain-lain; dan
2. 68130 - Kawasan Industri 2. 68130 - Industrial Estate
Kelompok ini mencakup pengusahaan lahan dengan luas sekurang- This group includes land management with an area of at least
kurangnya 50 hektare dalam satu hamparan yang dijadikan 50 hectares in one stretch that is used as an area for industrial
kawasan tempat pemusatan kegiatan industri yang dilengkapi activity concentration equipped with supporting facilities and
dengan sarana dan prasarana penunjang yang dikembangkan dan infrastructure developed and managed by an industrial area
dikelola oleh perusahaan kawasan industri yang telah memiliki izin company that has an industrial area business permit. Including the
usaha kawasan industri. Termasuk pengusahaan lahan kawasan management of certain industrial area land for micro, small, and
industri tertentu untuk usaha mikro, kecil, dan menengah paling medium enterprises of at least 5 hectares in one area.
rendah 5 hektare dalam satu hamparan.
Selain kegiatan usaha utama tersebut, Perseroan dapat melakukan In addition to the main business activities, the Company may conduct
kegiatan usaha penunjang sebagai berikut: supporting business activities as follows:
1. 24202 - Industri Pembuatan Logam Dasar Bukan Besi 1. 24202 - Non-Ferrous Base Metal Manufacturing Industry
Kelompok ini mencakup usaha pemurnian, peleburan, pemaduan This group includes the refining, melting, alloying and casting of
dan penuangan logam-logam bukan besi dalam bentuk dasar non-ferrous metals in basic form (ingots, billets, slabs, rods, pellets,
(ingot, billet, slab, batang, pellet, block, sheet, pig, paduan dan blocks, sheets, pigs, alloys and powders) such as brass ingots,
bubuk) seperti ingot kuningan, ingot aluminium, ingot seng, aluminum ingots, zinc ingots, copper ingots, tin ingots, brass
ingot tembaga, ingot timah, billet kuningan, billet aluminium, billets, aluminum billets, brass slabs, aluminum slabs, brass rods,
slab kuningan, slab aluminium, batang (rod) kuningan, batang aluminum rods, brass pellets, aluminum pellets, bronze alloys,
aluminium, pellet kuningan, pellet aluminium, paduan perunggu, nickel alloys and anti-friction metals (bearing metals) as well as rare
paduan nikel dan logam anti gesekan (bearing metal) serta logam earth metals and rare earth metal alloys 15 lanthanide elements
tanah jarang dan paduan logam tanah jarang 15 unsur lantanida plus scandium and yttrium elements.
ditambah unsur scandium dan yttrium.
2. 71202 - Jasa Pengujian Laboratorium 2. 71202 - Laboratory Testing Services
Kelompok ini mencakup kegiatan uji fisik, kimia, biologi, kelistrikan, This group includes physical, chemical, biological, electrical,
mekanik dan analisis lainnya dari semua jenis material dan produk mechanical and other analysis testing activities of all types of
yang mencakup kegiatan pengujian di bidang kesehatan makanan, materials and products that include testing activities in the field
termasuk uji penyakit hewan dan kontrol yang berhubungan of food health, including animal disease testing and control
dengan produksi makanan uji austik dan vibrasi (getar), uji related to food production, austic and vibration testing, mineral
komposisi dan kemurnian mineral dan sebagainya, uji karakteristik composition and purity testing and so on, physical characteristics
fisik dan kinerja material seperti kekuatan, ketebalan, daya tahan, and material performance testing such as strength, thickness,
radioaktif dan lain-lain, uji kualifikasi dan ketahanan, uji kinerja durability, radioactivity and others, qualification and durability
dari mesin keseluruhan seperti motor, automobil, perlengkapan testing, performance testing of overall machines such as motors,
elektronik, pengujian perangkat telekomunikasi, pengujian automobiles, electronic equipment, telecommunications
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laboratorium sektor konstruksi, dan lain-lain, analisis kegagalan, equipment testing, construction sector laboratory testing, etc.,
uji dan pengukuran indikator lingkungan seperti polusi udara dan failure analysis, testing and measurement of environmental
air, uji dengan menggunakan model atau maket seperti pesawat indicators such as air and water pollution, testing using models
terbang, kapal, bendungan dan lain-lain. Termasuk kegiatan or mock-ups such as airplanes, ships, dams and others. Including
operasional laboratorium kepolisian dan penilaian kesesuaian operational activities of police laboratories and assessment of
uji mutu sistem resi gudang. Pengujian medis dimasukkan dalam conformity of warehouse receipt system quality testing. Medical
kelompok 86903. testing is included in group 86903.
3. 70209 - Aktivitas Konsultasi Manajemen Lainnya 3. 70209 - Other Management Consulting Activities
Mencakup ketentuan bantuan nasihat, bimbingan dan operasional Includes the provision of advisory, guidance and operational
usaha dan permasalahan organisasi dan manajemen lainnya, assistance on business and other organizational and management
seperti perencanaan strategi dan organisasi; keputusan berkaitan issues, such as strategic and organizational planning; financial
dengan keuangan; tujuan dan kebijakan pemasaran; perencanaan, decisions; marketing objectives and policies; human resource
praktik dan kebijakan sumber daya manusia; perencanaan planning, practices and policies; production scheduling and
penjadwalan dan pengontrolan produksi. Penyediaan jasa control planning. The provision of these business services may
usaha ini dapat mencakup bantuan nasihat, bimbingan dan include advisory, guidance and operational assistance on various
operasional berbagai fungsi manajemen, konsultasi manajemen management functions, management consulting for agronomists
olah agronomist dan agricultural economis pada bidang pertanian and agricultural economists in the agricultural and related fields,
dan sejenisnya, rancangan dari metode dan prosedur akuntansi, design of accounting methods and procedures, cost accounting
program akuntansi biaya, prosedur pengawasan anggaran belanja, programs, budget control procedures, advice and assistance to
pemberian nasihat dan bantuan untuk usaha dan pelayanan businesses and public services in planning, organizing, efficiency
masyarakat dalam perencanaan, pengorganisasian, efisiensi dan and control, management information and others. Includes
pengawasan, informasi manajemen dan lain-lain. Termasuk jasa infrastructure investment study services.
pelayanan studi investasi infrastruktur.
KEGIATAN USAHA YANG DIJALANKAN PADA TAHUN BUKU BUSINESS ACTIVITIES UNDERTAKEN IN FISCAL YEAR 2025
2025
Kegiatan usaha yang dijalankan Perseroan pada tahun buku 2025 The business activities carried out by the Company in the fiscal year
adalah penambangan bijih nikel. 2025 was nickel ore mining.
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Profil Perusahaan
Company Profile
PRODUK YANG DIHASILKAN
Product Offered
Bijih Nikel (Saprolit) Feronikel
Nickel Ore (Saprolite) Ferronickel
Bijih Nikel (Limonit) Mixed Hydroxide Precipitate Nikel Sulfat Kobalt Sulfat Kobalt Elektrolit
Nickel Ore (Limonite) Mixed Hydroxide Precipitate Nickel Sulfate Cobalt Sulfate Cobalt Electrolyte
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WILAYAH OPERASIONAL
Operational Area
Pulai Obi
Obi Island
U
Jakarta
Jakarta
PT Trimegah Bangun Persada Tbk
Kantor Pusat Wilayah Operasional
Head Office Site
Gedung Bank Panin Lt. 2, Desa Kawasi, Kecamatan Obi, Kabupaten
Jl. Jend. Sudirman Kav. 1, Halmahera Selatan, Provinsi Maluku Utara
Jakarta 10270 Kawasi Village, Obi District, South Halmahera
Panin Bank Building 2nd Floor, Regency, North Maluku Province.
Jl. Jend. Sudirman Kav. 1,
Jakarta 10270
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Profil Perusahaan
Company Profile
ENTITAS ANAK
Subsidiaries
Nama Perusahaan
Wilayah Operasional Bidang Usaha
No. Company Name
Operational Area Business Line
1 PT Gane Permai Sentosa Kabupaten Halmahera Selatan, Provinsi Maluku Utara Pertambangan Bijih Nikel
South Halmahera Regency, North Maluku Province Nickel Ore Mining
2 PT Megah Surya Pertiwi Kabupaten Halmahera Selatan, Provinsi Maluku Utara Pengolahan Nikel
South Halmahera Regency, North Maluku Province Nickel Smelter
3 PT Jikodolong Megah Pertiwi Kabupaten Halmahera Selatan, Provinsi Maluku Utara Pertambangan Bijih Nikel
South Halmahera Regency, North Maluku Province Nickel Ore Mining
4 PT Obi Anugerah Mineral Kabupaten Halmahera Selatan, Provinsi Maluku Utara Pertambangan Bijih Nikel
South Halmahera Regency, North Maluku Province Nickel Ore Mining
5 PT Gane Tambang Sentosa Kabupaten Halmahera Selatan, Provinsi Maluku Utara Pertambangan Bijih Nikel
South Halmahera Regency, North Maluku Province Nickel Ore Mining
6 PT Obira Mitra Jaya Jakarta Pusat, DKI Jakarta Konsultan/Perusahaan Holding
Central Jakarta, DKI Jakarta Consultant/Holding Company
7 PT Halmahera Jaya Feronikel Kabupaten Halmahera Selatan, Provinsi Maluku Utara Industri Pembuatan Logam Dasar Bukan Besi
South Halmahera Regency, North Maluku Province Non-Ferrous Base Metal Manufacturing
Industry
8 PT Kreasi Kemakmuran Tambang Kabupaten Halmahera Selatan, Provinsi Maluku Utara Penggalian batu, pasir dan tanah liat lainnya
South Halmahera Regency, North Maluku Province Quarrying of stone, sand and other clay
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ENTITAS ASOSIASI
Associate Entities
Nama Perusahaan
Wilayah Operasional Bidang Usaha
No. Company by Name
Operational Area Business Line
1 PT Halmahera Persada Lygend Kabupaten Halmahera Selatan, Provinsi Maluku Utara Industri Pembuatan Logam Dasar Bukan Besi
South Halmahera Regency, North Maluku Province Non-Ferrous Base Metal Manufacturing
Industry
2 PT Dharma Cipta Mulia Kabupaten Halmahera Selatan, Provinsi Maluku Utara Kawasan Industri
South Halmahera Regency, North Maluku Province Industrial Estate
3 PT Cipta Kemakmuran Mitra Kabupaten Halmahera Selatan, Provinsi Maluku Utara Industri Batu Kapur
South Halmahera Regency, North Maluku Province Limestone Industry
4 PT Bhakti Bumi Sentosa Kabupaten Halmahera Selatan, Provinsi Maluku Utara Industri Pengolahan sisa hasil produksi
South Halmahera Regency, North Maluku Province fasilitas pemurnian HPAL
Treatment of residue from HPAL refining
facilities industry
5 PT Baja Jaya Lestari Kabupaten Halmahera Selatan, Provinsi Maluku Utara Industri Pengolahan sisa hasil produksi
South Halmahera Regency, North Maluku Province fasilitas pemurnian HPAL
Treatment of residue from HPAL refining
facilities industry
6 PT Karya Tambang Sentosa Kabupaten Halmahera Selatan, Provinsi Maluku Utara Pertambangan Bijih Nikel
South Halmahera Regency, North Maluku Province Nickel Ore Mining
7 PT Karunia Permai Sentosa Kabupaten Halmahera Selatan, Provinsi Maluku Utara Industri Pembuatan Logam Dasar Bukan Besi
South Halmahera Regency, North Maluku Province Non-Ferrous Base Metal Manufacturing
Industry
8 PT Obi Stainless Steel Kabupaten Halmahera Selatan, Provinsi Maluku Utara Industri Besi Nirkarat
South Halmahera Regency, North Maluku Province Stainless Steel Industry
9 PT Obi Nickel Cobalt Kabupaten Halmahera Selatan, Provinsi Maluku Utara Industri Pembuatan Logam Dasar Bukan Besi
South Halmahera Regency, North Maluku Province Non-Ferrous Base Metal Manufacturing
Industry
10 ONC International Trading (Ningbo) Co. Kota Ningbo, Provinsi Zhejiang, Tiongkok Perdagangan Besar Logam dan Mineral logam
Ltd. Ningbo City, Zhejiang Province, China Large Trade of Metals and Metallic Minerals
11 HPAL International Trading (Ningbo) Kota Ningbo, Provinsi Zhejiang, Tiongkok Perdagangan Besar Logam dan Mineral
Co. Ltd. Ningbo City, Zhejiang Province, China Logam
Large Trade of Metals and Metallic Minerals
12 KPS International Trading (Ningbo) Co. Kota Ningbo, Provinsi Zhejiang, Tiongkok Perdagangan Besar Logam dan Mineral
Ltd. Ningbo City, Zhejiang Province, China Logam
Large Trade of Metals and Metallic Minerals
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Profil Perusahaan
Company Profile
STRUKTUR ORGANISASI
Organizational Structure
DEWAN KOMISARIS
Board of Commissioner
Darjoto Setyawan Donald J. Hermanus Suryadi Sasmita
Komite Audit
Audit Committee Komisaris Independen Komisaris Utama Komisaris Independen
Independent Commissioner President Commissioner Independent Commissioner
DIREKSI
Board of Directors
Suparsin Darmo Liwan Lim Sian Choo Younsel Evand Roos
Direktur Keuangan Direktur Sustainability Direktur Operasional
Director of Finance Director of Sustainability Director of Operations
Robby Irfan Rafianto Vacant
Head of Exploration Head of Government Relation
and Compliance
Finance ESG & Sustainability Production
Stakeholder
Accounting Plant
Engagement
Assurance & Exploration & Mine Government
Tax OHS & Training
Certification Development Relationship
Compliance &
Sales, Export, & Import Mine Services Mine Planning
Permitting
Purchasing Quality Control Mine Geology
Shipping Grade Control
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Roy Arman Arfandy Tonny H. Gultom
Direktur Utama Direktur HSE (Health, Safety, and Environment)
President Director Director of Health, Safety, and Environment
Latif Supriadi Rivan Lie
Head of External Relations Head of HR & GA
Legal & Corporate
Health
Secretary
Investor Relations Safety
Regional Offices Human Resources Internal Audit Environment
Local Government Corporate
General Affairs
Relations Communications
Land Acquisition Payroll
Community Relation & Information
Development Technology (IT)
External Relations Logistics
Security/NGO
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Profil Perusahaan
Company Profile
KEANGGOTAAN DALAM
ASOSIASI
Membership In Association
Status Keanggotaan
Nama Asosiasi Lingkup Asosiasi
Membership Status
Association Name Association Scope
Asosiasi Pertambangan Indonesia (API)
Indonesia Mining Association (IMA)
Asosiasi Penambang Nikel Indonesia (APNI) melalui anak perusahaan PT GPS
Indonesian Nickel Miners Association through subsidiary PT GPS
Ikatan Ahli Geologi Indonesia (IAGI)
Indonesian Association of Geologists
Masyarakat Geologi Ekonomi Indonesia (MGEI)
Indonesian Society of Economic Geologists
Perhimpunan Ahli Pertambangan Indonesia (PERHAPI)
The Association of Indonesian Mining Professionals
Komite Cadangan Mineral Indonesia (KCMI)
Indonesian Joint Committee for Mineral Reserves
Persatuan Insinyur Indonesia (PII)
The Institution of Engineers Indonesia
Persatuan Advokat Indonesia (PERADI)
Indonesian Advocates Association
Perhimpunan Hubungan Masyarakat Indonesia (PERHUMAS)
Indonesia Public Relations Association
Ikatan Akuntan Indonesia (IAI)
Indonesian Institute of Accountants Anggota Aktif Nasional
Active Member National
Asosiasi Emiten Indonesia (AEI)
Indonesian Public Listed Companies Association
Forum Komunikasi Pengelola Lingkungan Pertambangan Indonesia (FKPLPI)
Indonesian Mining Environmental Management Forum
Indonesia Corporate Secretary Association (ICSA)
Asosiasi Perusahaan Keselamatan dan Kesehatan Kerja Indonesia (APK3I)
Indonesian Occupational Safety and Health Company Association
Forum Reklamasi Hutan pada Lahan Bekas Tambang (FRLHBT)
Forum for Forest Reclamation on Former Mining Land
Asosiasi Profesi Keselamatan Pertambangan Indonesia (APKPI)
Indonesian Mining Safety Professional Association
Komite Nasional Indonesia Untuk Bendungan Besar (KNIBB)
National Committee on Large Dams (INACOLD)
Forum Industri Nikel Indonesia (FINI)
Indonesia Nickel Industry Forum
Asosiasi Pengusaha Indonesia (APINDO)
Indonesia Employers Association
Himpunan Kawasan Industri (HKI)
Industrial Estates Association of Indonesia
The Australasian Institute of Mining and Metallurgy (AusIMM)
Society of Economic Geologist (SEG)
Anggota Aktif Internasional
Active Member International
The Indonesia Smelter Enterprises Association (ISEA)
The Institute of Internal Auditors Indonesia (IIA Indonesia)
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Profil Perusahaan
Company Profile
INFORMASI SITUS
WEB PERUSAHAAN
Information of the Company’s Website
Perseroan menyediakan situs web resmi perusahaan yang dapat diakses
melalui www.tbpnickel.com sebagai sarana komunikasi dan keterbukaan
informasi bagi seluruh pemangku kepentingan, termasuk pemegang
saham, investor, mitra usaha, pemerintah, media, serta masyarakat
umum.
The Company provides an official corporate website accessible at www.tbpnickel.com
as a communication and information disclosure platform for all stakeholders, including
shareholders, investors, business partners, government authorities, media, and the public.
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Situs web Perseroan dirancang sebagai pusat informasi yang menyajikan The Company’s website is designed as a central information hub that
gambaran menyeluruh mengenai profil Perseroan, kegiatan usaha, presents a comprehensive overview of the Company’s profile, business
struktur grup, kinerja operasional dan keuangan, serta arah strategi activities, group structure, operational and financial performance, as
pengembangan usaha. Informasi yang disajikan mencerminkan peran well as its strategic direction. The information presented reflects the
Perseroan sebagai perusahaan pertambangan dan pemrosesan nikel Company’s role as an integrated nickel mining and processing company
terintegrasi yang berkomitmen terhadap praktik usaha berkelanjutan. with a strong commitment to sustainable business practices.
Dalam rangka mendukung penerapan prinsip transparansi dan tata In support of the principles of transparency and good corporate
kelola perusahaan yang baik, situs web Perseroan memuat berbagai governance, the Company’s website contains information relevant
informasi yang relevan bagi investor dan pemegang saham, termasuk to investors and shareholders, including periodic reports and public
laporan berkala dan keterbukaan informasi sesuai dengan ketentuan disclosures in accordance with prevailing capital market regulations.
peraturan perundang-undangan di bidang pasar modal. Situs web ini Through this platform, the Company strives to ensure equal, timely, and
juga menjadi sarana untuk menyampaikan perkembangan terbaru accurate access to information for all stakeholders.
Perusahaan secara tepat waktu dan mudah diakses.
Selain itu, situs web Perseroan menyajikan informasi mengenai In addition, the Company’s website presents information on its
komitmen keberlanjutan dan tanggung jawab sosial Perusahaan yang sustainability commitments and corporate social responsibility,
mencakup aspek Lingkungan, Sosial, dan Tata kelola (ESG), termasuk covering Environmental, Social, and Governance (ESG) aspects. This
pengelolaan lingkungan pertambangan, keselamatan dan kesehatan includes information on environmental management in mining and
kerja, pengembangan sumber daya manusia, serta kontribusi sosial post-mining activities, occupational health and safety practices,
kepada masyarakat di sekitar wilayah operasional. human capital development, and social contributions to communities
surrounding the Company’s operational areas.
Secara umum, situs web www.tbpnickel.com memuat konten utama In general, the website www.tbpnickel.com features the following main
sebagai berikut: content:
• Perusahaan, yang mencakup Visi, Misi & Nilai Inti, Produk, • Company, which includes Vision, Mission & Core Values, Products,
Manajemen, Anak Usaha dan Entitas Asosiasi, Struktur Korporasi Management, Subsidiaries and Associated Entities, Corporate
dan Profesi Penunjang. Structure, and Supporting Professions.
• Tata Kelola, yang mencakup Pedoman, Manajemen Risiko, • Corporate Governance, which includes Guidelines, Risk
Audit Internal, Sekretaris Perusahaan, Komite, Rantai Pasok Yang Management, Internal Audit, Corporate Secretary, Committees,
Bertanggung Jawab dan Pengaduan & Keluhan. Responsible Supply Chain, and Complaints & Grievances.
• Keberlanjutan, yang memuat kebijakan dan inisiatif Perseroan • Sustainability, outlining the Company’s policies and initiatives
di bidang lingkungan, sosial, dan tata kelola, termasuk komitmen related to environmental, social, and governance aspects, including
terhadap praktik pertambangan dan pengolahan yang bertanggung its commitment to responsible mining and processing practices.
jawab.
• Investor, yang menyediakan laporan tahunan, laporan • Investor, offering access to annual reports, sustainability reports,
keberlanjutan, laporan keuangan, keterbukaan informasi, serta financial statements, public disclosures, as well as information on
informasi terkait aksi korporasi dan kinerja saham Perseroan. corporate actions and share performance.
• Media, yang menyajikan informasi terkini mengenai kegiatan, • Media, presenting updates on the Company’s activities,
pencapaian, dan perkembangan penting Perseroan. achievements, and significant developments.
• Karier, yang memuat informasi peluang kerja serta pengembangan • Careers, providing information on employment opportunities and
sumber daya manusia di lingkungan Perseroan. human capital development within the Company.
• Kontak, yang menyediakan informasi komunikasi bagi pemangku • Contact, containing communication details for stakeholders to
kepentingan untuk berinteraksi dengan Perseroan. engage with the Company.
• Whistleblowing, Perseroan berharap kepada semua pihak • Whistleblowing, The Company encourages all parties to report
untuk melapor apabila mengetahui suatu pelanggaran/dugaan any violations or suspected violations committed by the Company
pelanggaran oleh pegawai Perseroan atau memanfaatkan sarana employees or involving the misuse of the Company facilities and
prasarana milik Perseroan. Pihak terkait di internal Perseroan akan infrastructure. Relevant internal parties will confirm receipt of the
mengonfirmasi penerimaan laporan dan melakukan penilaian report, conduct an initial assessment of the complaint, and then
awal atas pengaduan tersebut, lalu menyerahkannya kepada forward it to the official designated by the Company. The official
pejabat resmi yang telah ditunjuk oleh Perseroan. Pejabat yang receiving the report is responsible for addressing and following up
mendapat laporan bertanggung jawab untuk memperhatikan dan on the issues raised.
menindaklanjuti masalah yang disampaikan.
• Laporan, berisi Laporan-laporan yang sudah dibuat dan • Reports, containing reports that have been prepared and
disampaikan oleh Perseroan kepada pemangku kepentingan dan submitted by the Company to stakeholders and the public.
masyarakat.
• HAM, berisi Pengembangan dan Pemberdayaan Masyarakat, Hak • Human Rights, covering Community Development and
Pekerja, Kesehatan dan Keselamatan Kerja dan Lainnya sebagai Empowerment, Workers Rights, Occupational Health and Safety,
bentuk tanggung jawab Perseroan terhadap Hak Asasi Manusia. and Other Matters as part of the Company’s responsibility toward
Human Rights.
• Lingkungan, berisi Dekarbonisasi, Ekonomi Sirkular dan • Environment, covering Decarbonization, the Circular Economy, and
Keanekaragaman Hayati sebagai bentuk dan tanggung jawab Biodiversity as the Company’s commitment to the environment.
Perseroan terhadap Lingkungan.
Situs web Perseroan dikelola dan diperbarui secara berkala guna The Company’s website is managed and updated on a regular basis
memastikan keandalan, akurasi, dan relevansi informasi yang to ensure the reliability, accuracy, and relevance of the information
disampaikan. Perseroan akan terus mengoptimalkan pemanfaatan presented. Going forward, the Company will continue to optimize the
situs web sebagai bagian dari strategi komunikasi korporasi dan use of its website as an integral part of its corporate communication
keterbukaan informasi, sejalan dengan perkembangan teknologi serta and information disclosure strategy, in line with technological
kebutuhan para pemangku kepentingan. developments and evolving stakeholder needs.
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Profil Perusahaan
Company Profile
PROFIL DEWAN KOMISARIS
Profile of the Board of Commissioners
Donald J. Hermanus
Komisaris Utama
President Commissioner
Dasar Hukum Diangkat sebagai Komisaris Utama Perseroan He was appointed as President Commissioner of
Pengangkatan berdasarkan Akta Pernyataan Keputusan the Company based on the Deed of Statement of
Legal Basis of Pemegang Saham PT Trimegah Bangun Persada Shareholders Decision of PT Trimegah Bangun
Appointment Nomor 145 tanggal 15 Desember 2022 Persada Number 145 dated December 15, 2022
Riwayat Pendidikan Sarjana Hukum dari Universitas Tarumanagara, Bachelor of Law from Tarumanagara University,
Educational Background Jakarta (2020) Jakarta (2020)
Pengalaman Kerja • Komisaris Utama PT Trimegah Bangun Persada • President Commissioner of PT Trimegah Bangun
Work Experience Tbk (2022 - saat ini) Persada Tbk (2022 - present)
• Direktur Utama PT Halmahera Jaya Feronikel • President Director of PT Halmahera Jaya
(2020 - saat ini) Feronikel (2020 - present)
• Direktur Utama PT Obi Nickel Cobalt • President Director of PT Obi Nickel Cobalt
(2021 – saat ini) (2021 – present)
• Direktur Utama PT Obi Stainless Steel • President Director of PT Obi Stainless Steel
(2021 – saat ini) (2021 – present)
• Direktur Utama PT Karunia Permai Sentosa • President Director of PT Karunia Permai Sentosa
(2021 – saat ini) (2021 – present)
• Direktur Utama PT Dharma Cipta Mulia • President Director of PT Dharma Cipta Mulia
(2021 – present) (2021 – present)
• Direktur PT Kreasi Kemakmuran Tambang • Director of PT Kreasi Kemakmuran Tambang
(2024 – saat ini) (2024 – present)
• Direktur PT Gane Tambang Sentosa • Director of PT Gane Tambang Sentosa
Kewarganegaraan (2021 – saat ini) (2021 – present)
• Direktur PT Megah Surya Pertiwi • Director of PT Megah Surya Pertiwi
Citizenship (2020 - saat ini) (2020 - present)
• Direktur Utama PT Obira Mitra Jaya • President Director of PT Obira Mitra Jaya
Indonesia (2019 - saat ini) (2019 - present)
• Komisaris PT Karya Tambang Sentosa • Commissioner of PT Karya Tambang Sentosa
(2023 – saat ini) (2023 - present)
• Komisaris PT Jikodolong Megah Pertiwi • Commissioner of PT Jikodolong Megah Pertiwi
Usia (2017 - saat ini) (2017 - present)
Age • Komisaris PT Obi Anugerah Mineral • Commissioner of PT Obi Anugerah Mineral
(2017 - saat ini) (2017 - present)
59 • Komisaris PT Gane Permai Sentosa
(2016 – saat ini)
• Commissioner of PT Gane Permai Sentosa
(2016 – present)
tahun | years old
Rangkap Jabatan • Direktur Utama PT Obira Mitra Jaya • President Director of PT Obira Mitra Jaya
Concurrent Positions • Direktur Utama PT Halmahera Jaya Feronikel • President Director of PT Halmahera Jaya
Feronikel
• Direktur Utama PT Dharma Cipta Mulia • President Director of PT Dharma Cipta Mulia
• Direktur Utama PT Karunia Permai Sentosa • President Director of PT Karunia Permai Sentosa
• Direktur Utama PT Obi Nickel Cobalt • President Director of Obi Nickel Cobalt
• Direktur Utama PT Obi Stainless Steel • President Director of Obi Stainless Steel
• Direktur PT Kreasi Kemakmuran Tambang • Director of PT Kreasi Kemakmuran Tambang
• Direktur PT Gane Tambang Sentosa • Director of PT Gane Tambang Sentosa
• Direktur PT Megah Surya Pertiwi • Director of PT Megah Surya Pertiwi
• Komisaris PT Jikodolong Megah Pertiwi • Commissioner of PT Jikodolong Megah Pertiwi
• Komisaris PT Obi Anugerah Mineral • Commissioner of PT Obi Anugerah Mineral
• Komisaris PT Gane Permai Sentosa • Commissioner of PT Gane Permai Sentosa
• Komisaris PT Karya Tambang Sentosa • Commissioner of PT Karya Tambang Sentosa
Hubungan Afiliasi Tidak memiliki hubungan keuangan, He has no financial, management, or family
Affiliate Relation kepengurusan, dan kekeluargaan dengan anggota relationships with other members of the Board
Dewan Komisaris lainnya, anggota Direksi, atau of Commissioners, members of the Board of
Pemegang Saham Utama dan Pengendali. Directors, as well as Major and Controlling
Shareholders.
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Darjoto Setyawan
Komisaris Independen
Independent Commissioner
Dasar Hukum Diangkat sebagai Komisaris Independen Perseroan He was appointed as Independent Commissioner
Pengangkatan berdasarkan Akta Pernyataan Keputusan of the Company based on the Deed of Statement
Legal Basis of Pemegang Saham PT Trimegah Bangun Persada of Shareholders Decision of PT Trimegah Bangun
Appointment Nomor 145 tanggal 15 Desember 2022. Persada Number 145 dated December 15, 2022
Riwayat Pendidikan • Magister Manajemen, Institut Manajemen • Master of Management from the Prasetiya Mulya
Educational Background Prasetiya Mulya (1994) Institute of Management (1994)
• Sarjana Matematika jurusan Operation • Bachelor of Mathematics, majoring in Operation
Research, Fakultas Matematika, Institut Research, Faculty of Mathematics, Bandung
Teknologi Bandung (1981) Institute of Technology (1981)
Pengalaman Kerja • Komisaris Independen PT Trimegah Bangun • Independent Commissioner of PT Trimegah
Work Experience Persada Tbk (2022 - saat ini) Bangun Persada Tbk (2022 - present)
• Presiden Direktur PT Siloam International • President Director of PT Siloam International
Hospitals Tbk (2021- 2024) Hospitals Tbk (2021 - 2024)
• Presiden Komisaris PT Atome Finance Indonesia • President Commissioner of PT Atome Finance
(2021 - 2024) Indonesia (2021 - 2024)
• Komisaris Independen PT Cita Mineral • Independent Commissioner of PT Cita Mineral
Investindo Tbk (2018 - saat ini) Investindo Tbk (2018 - present)
• Komisaris Independen PT China Life Insurance • Independent Commissioner of PT China Life
Indonesia (2018 - saat ini) Insurance Indonesia (2018 - present)
• Komisaris Utama PT Kredit Pinter Indonesia • President Commissioner of PT Kredit Pinter
(2018 - 2024) Indonesia (2018 - 2024)
Kewarganegaraan
Rangkap Jabatan • Komisaris Independen PT Cita Mineral • Independent Commissioner of PT Cita Mineral
Citizenship Concurrent Positions Investindo Tbk Investindo Tbk
• Komisaris Independen PT China Life Insurance • Independent Commissioner of PT China Life
Indonesia Indonesia Insurance Indonesia
Hubungan Afiliasi Tidak memiliki hubungan keuangan, He has no financial, management, or family
Affiliate Relation kepengurusan, dan kekeluargaan dengan anggota relationships with other members of the Board
Usia Dewan Komisaris lainnya, anggota Direksi, atau of Commissioners, members of the Board of
Age Pemegang Saham Utama dan Pengendali. Directors, as well as Major and Controlling
Shareholders.
68
tahun | years old
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Profil Perusahaan
Company Profile
Suryadi Sasmita
Komisaris Independen
Independent Commissioner
Dasar Hukum Diangkat sebagai Komisaris Independen Perseroan He was appointed as Independent Commissioner
Pengangkatan berdasarkan Akta Pernyataan Keputusan of the Company based on the Deed of Statement
Legal Basis of Pemegang Saham PT Trimegah Bangun of Shareholders Decision of PT Trimegah Bangun
Appointment Persada Tbk Nomor 404 tanggal 27 Januari 2023 Persada Tbk Number 404 dated January 27, 2023
Pengalaman Kerja • Komisaris Independen PT Trimegah Bangun • Independent Commissioner of PT Trimegah
Work Experience Persada Tbk (2022 – saat ini) Bangun Persada Tbk (2022 – present)
• Komisaris Independen PT Global Digital Niaga • Independent Commissioner of PT Global Digital
Tbk (Blibli, Tiket.com, Ranch Market, Dekoruma) Niaga Tbk (Blibli, Tiket.com, Ranch Market,
(2024 – saat ini) Dekoruma) (2024 – present)
• Direktur Utama PT Pulau Kelapa Sentosa • President Director of PT Pulau Kelapa Sentosa
(2015 - saat ini) (2015 - present)
• Direktur Utama PT Pulau Kelapa Carita • President Director of PT Pulau Kelapa Carita
(2014 – saat ini) (2014 – present)
• Penasihat AEON Fantasy Indonesia (Kidzoona, • Advisor AEON Fantasy Indonesia (Kidzoona,
Edokko, Funpekka) (2014 – saat ini) Edokko, Funpekka) (2014 – present)
• Penasihat AEON Credit Service Indonesia • Advisor AEON Credit Service Indonesia (2018 –
(2018 – saat ini) saat ini)
• Komisaris Utama PT Graha Bangun Karya • President Commissioner of PT Graha Bangun
(IBIS Style BSD Hotel) (2013 – saat ini) Karya (IBIS Styles BSD Hotel) (2013 – present)
• Direktur Utama PT Indonesia Wacoal • President Director of PT Indonesia Wacoal
(1980 – 2023) (1980 – 2023)
• Komisaris Utama PT Indonesia Wacoal • President Commissioner of PT Indonesia Wacoal
Kewarganegaraan (2023 – saat ini) (2023 – present)
Citizenship Rangkap Jabatan • Komisaris Independen PT Global Digital • Independent Commissioner of PT Global Digital
Concurrent Positions Niaga Tbk (Blibli, Tiket.com, Ranch Market, Niaga Tbk (Blibli, Tiket.com, Ranch Market,
Indonesia Dekoruma) Dekoruma)
• Direktur Utama PT Pulau Kelapa Sentosa • President Director of PT Pulau Kelapa Sentosa
• Direktur Utama PT Pulau Kelapa Carita • President Director of PT Pulau Kelapa Carita
• Penasihat AEON Fantasy Indonesia (Kidzoona, • Advisor AEON Fantasy Indonesia (Kidzoona,
Usia Edokko, Funpekka) Edokko, Funpekka)
Age • Penasihat AEON Credit Service Indonesia • Advisor AEON Credit Service Indonesia
• Komisaris Utama PT Graha Bangun Karya • President Commissioner of PT Graha Bangun
77 • Komisaris Utama PT Indonesia Wacoal
Karya
• President Commissioner of PT Indonesia Wacoal
tahun | years old
Hubungan Afiliasi Tidak memiliki hubungan keuangan, He has no financial, management, or family
Affiliate Relation kepengurusan, dan kekeluargaan dengan anggota relationships with other members of the Board
Dewan Komisaris lainnya, anggota Direksi, atau of Commissioners, members of the Board of
Pemegang Saham Utama dan Pengendali. Directors, as well as Major and Controlling
Shareholders.
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PERNYATAAN INDEPENDENSI
KOMISARIS INDEPENDEN
Statement of Independence of Independent
Commissioner
• Masa jabatan Darjoto Setyawan dan Suryadi Sasmita sebagai • The terms of office of Darjoto Setyawan and Suryadi Sasmita as
Komisaris Independen Perseroan merupakan periode jabatan Independent Commissioners of the Company constitute their first
pertama dan telah memenuhi seluruh persyaratan independensi term of service and have fulfilled all independence requirements
sebagai Komisaris Independen sesuai peraturan yang berlaku pada applicable to Independent Commissioners in accordance with
saat pengangkatannya. prevailing regulations at the time of their appointment.
• Darjoto Setyawan dan Suryadi Sasmita menyatakan selama • Darjoto Setyawan and Suryadi Sasmita have stated that throughout
menjabat sebagai Komisaris Independen Perseroan akan their tenure as Independent Commissioners of the Company, they
tetap bertindak independen dalam melaksanakan fungsi will continue to act independently in carrying out their supervisory
pengawasannya terhadap pengurusan Perseroan termasuk dalam duties over the management of the Company, including in decision-
pengambilan keputusan. making processes.
PERUBAHAN KOMPOSISI
DEWAN KOMISARIS PADA
TAHUN 2025
Changes in the Composition of the Board of
Commissioners in 2025
Tidak ada perubahan susunan anggota Dewan Komisaris pada tahun There was no change in the composition of the members of the Board
2025. of Commissioners in 2025.
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Profil Perusahaan
Company Profile
PROFIL DIREKSI
Profile of the Board of Directors
Roy Arman Arfandy
Direktur Utama
President Director
Dasar Hukum Diangkat sebagai Direktur Utama Perseroan He was appointed as President Director of the
Pengangkatan berdasarkan Akta Pernyataan Keputusan Company based on the Deed of Statement of
Legal Basis of Pemegang Saham PT Trimegah Bangun Persada Shareholders Decision of PT Trimegah Bangun
Appointment Nomor 145 tanggal 15 Desember 2022 Persada Number 145 dated December 15, 2022
Riwayat Pendidikan Sarjana Teknik, Universitas Hasanuddin – Bachelor of Engineering, Hasanuddin University –
Educational Background Makassar (1991) Makassar (1991)
Pengalaman Kerja • Direktur Utama PT Trimegah Bangun Persada • President Director of PT Trimegah Bangun
Work Experience Tbk (2022 - saat ini) Persada Tbk (2022 - present)
• Direktur Utama PT Halmahera Persada Lygend • President Director of PT Halmahera Persada
(2024 – saat ini) Lygend (2024 – present)
• Komisaris Utama PT Megah Surya Pertiwi • President Commissioner of PT Megah Surya
(2024 – saat ini) Pertiwi (2024 – present)
• Komisaris Utama PT Obira Mitra Jaya • President Commissioner of PT Obira Mitra Jaya
(2024 – saat ini) (2024 – present)
• Komisaris PT Karunia Permai Sentosa • Commissioner of PT Karunia Permai Sentosa
(2024 – saat ini) (2024 – present)
• Komisaris PT Dharma Cipta Mulia • Commissioner of PT Dharma Cipta Mulia (2024 –
(2024 – saat ini) present)
• Komisaris PT Obi Stainless Steel (2024 – saat ini)
• Commissioner of PT Obi Stainless Steel (2024 –
present)
• Komisaris PT Obi Nickel Cobalt (2024 – saat ini) • Commissioner of PT Obi Nickel Cobalt (2024 –
Kewarganegaraan present)
• Presiden Direktur PT Eurokars Motor Indonesia • President Director of PT Eurokars Motor
Citizenship (Anak Perusahaan Grup Eurokars Singapura) Indonesia (Subsidiary of Eurokars Group
(2017 - 2020) Singapore (2017 - 2020)
Indonesia • Presiden Direktur PT Bank Permata Tbk • President Director of PT Bank Permata Tbk (2014
(2014 - 2016) - 2016)
• Wholesale Banking Director, Head of Client • Director of Wholesale Banking, Head of Client
Relationship, Head of Local Corporate & Relationship, Head of Local Corporate &
Usia Commodity dan Head of Credit Services PT Bank Commodity and Head of Credit Services at PT
Age Permata (2007 - 2014) Bank Permata (2007 - 2014)
• Menempati berbagai posisi manajerial di • Held various managerial positions at several
58 sejumlah bank di Indonesia (1991 - 2007) banks in Indonesia (1991 - 2007)
tahun | years old Rangkap Jabatan • Direktur Utama PT Halmahera Persada Lygend • President Director of PT Halmahera Persada
Concurrent Positions Lygend
• Komisaris Utama PT Megah Surya Pertiwi • President Commissioner of PT Megah Surya
Pertiwi
• Komisaris Utama PT Obira Mitra Jaya • President Commissioner of PT Obira Mitra Jaya
• Komisaris PT Karunia Permai Sentosa • Commissioner of PT Karunia Permai Sentosa
• Komisaris PT Dharma Cipta Mulia • Commissioner of PT Dharma Cipta Mulia
• Komisaris PT Obi Stainless Steel • Commissioner of PT Obi Stainless Steel
• Komisaris PT Obi Nickel Cobalt • Commissioner of PT Obi Nickel Cobalt
Hubungan Afiliasi Tidak memiliki hubungan keuangan, He has no financial, management, or family
Affiliate Relation kepengurusan, atau kekeluargaan dengan anggota relationships with other members of the
Direksi lainnya, anggota Dewan Komisaris, serta Board of Directors, members of the Board of
Pemegang Saham Utama dan Pengendali. Commissioners, as well as Major and Controlling
Shareholders.
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Suparsin Darmo Liwan
Direktur Keuangan
Director of Finance
Dasar Hukum Diangkat sebagai Direktur Perseroan berdasarkan He was appointed as Director of the Company
Pengangkatan Akta Pernyataan Keputusan Pemegang Saham PT based on the Deed of Statement of Shareholders
Legal Basis of Trimegah Bangun Persada Nomor 145 tanggal 15 Decision of PT Trimegah Bangun Persada Number
Appointment Desember 2022. 145 dated December 15, 2022.
Riwayat Pendidikan Sarjana Akuntansi dari Universitas Tarumanagara, Bachelor of Accounting from Tarumanagara
Educational Background Jakarta (2004) University, Jakarta (2004)
Sertifikasi Profesional • Certified Management Accountant (CMA) dari • Certified Management Accountant (CMA)
Professional Institute of Certified Management Accountants from the Institute of Certified Management
Certification Australia (2017) Accountants Australia (2017)
• Professional Financial Modeler dari International • Professional Financial Modeler from
Financial Modelling Institute (2017) International Financial Modeling Institute (2017)
Pengalaman Kerja • Direktur Keuangan PT Trimegah Bangun Persada • Director of Finance PT Trimegah Bangun
Work Experience Tbk (2022 - saat ini) Persada Tbk (2022 - present)
• Chief Financial Officer PT Halmahera Persada • Chief Financial Officer of PT Halmahera Persada
Lygend (2018 - saat ini) Lygend (2018 - present)
• Group Corporate Finance and Investor Relation • Group Corporate Finance and Investor Relations
PT ABM Investama Tbk (Grup Tiara Marga at PT ABM Investama Tbk (Tiara Marga Trakindo
Trakindo) (2015 - 2018) Group) (2015 - 2018)
• Group Business Controller PT ABM Investama • Group Business Controller PT ABM Investama
Tbk (Grup Tiara Marga Trakindo) (2012 - 2014) Tbk (Tiara Marga Trakindo Group) (2012 - 2014)
Kewarganegaraan • Accounting and Reporting Senior Manager • Accounting and Reporting Senior Manager at PT
PT Dian Swastika Sentosa Tbk (Grup Sinar Mas) Dian Swastika Sentosa Tbk (Sinar Mas Group)
Citizenship (2011 - 2012) (2011 - 2012)
• Audit Manager KPMG Siddharta & Widjaja (2010 - • Audit Manager at KPMG Siddharta & Widjaja
Indonesia 2011) (2010 - 2011)
• Audit Manager KPMG Brisbane, Queensland, • Audit Manager at KPMG Brisbane, Queensland,
Australia (2010 - 2010) Australia (2010 - 2010)
• Audit Manager KPMG Siddharta & Widjaja (2004 - • Audit Manager at KPMG Siddharta & Widjaja
Usia 2010) (2004 - 2010)
Age
Rangkap Jabatan Chief Financial Officer PT Halmahera Persada Chief Financial Officer PT Halmahera Persada
42 Concurrent Positions Lygend Lygend
tahun | years old Hubungan Afiliasi Tidak memiliki hubungan keuangan, He has no financial, management, or family
Affiliate Relation kepengurusan, atau kekeluargaan dengan anggota relationships with other members of the
Direksi lainnya, anggota Dewan Komisaris, serta Board of Directors, members of the Board of
Pemegang Saham Utama dan Pengendali. Commissioners, as well as Major and Controlling
Shareholders.
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Profil Perusahaan
Company Profile
Younsel Evand Roos
Direktur Operasional
Director of Operations
Dasar Hukum Diangkat sebagai Direktur Perseroan berdasarkan He was appointed as Director of the Company
Pengangkatan Akta Pernyataan Keputusan Pemegang Saham PT based on the Deed of Statement of Shareholders
Legal Basis of Trimegah Bangun Persada Nomor 145 tanggal 15 Decision of PT Trimegah Bangun Persada Number
Appointment Desember 2022 145 dated December 15, 2022
Riwayat Pendidikan Sarjana Teknik Tambang, Institut Teknologi Bachelor of Mining Engineering, Bandung Institute
Educational Background Bandung – Bandung (1990) of Technology – Bandung (1990)
Pengalaman Kerja • Direktur Operasional PT Trimegah Bangun • Director of Operations of PT Trimegah Bangun
Work Experience Persada Tbk (2022 - saat ini) Persada Tbk (2022 - present)
• General Manager PT Trimegah Bangun Persada • General Manager at PT Trimegah Bangun
(2017 - 2022) Persada (2017 - 2022)
• Direktur PT Sebalai Sepintu Sedulang • Director of PT Sebalai Sepintu Sedulang
(2010 - 2017) (2010 - 2017)
• Direktur CV Sayyidina (2008 - 2010) • Director of CV Sayyidina (2008 - 2010)
• Senior Mine Engineer PT Vale Indonesia Tbk • Senior Mine Engineer at PT Vale Indonesia Tbk
(INCO) (1990 - 2000) (INCO) (1990 - 2000)
Rangkap Jabatan Tidak memiliki rangkap jabatan di perusahaan lain He has no concurrent positions in other
Concurrent Positions companies
Hubungan Afiliasi Tidak memiliki hubungan keuangan, He has no financial, management, or family
Affiliate Relation kepengurusan, atau kekeluargaan dengan anggota relationships with other members of the
Direksi lainnya, anggota Dewan Komisaris, serta Board of Directors, members of the Board of
Kewarganegaraan
Pemegang Saham Utama dan Pengendali. Commissioners, as well as Major and Controlling
Citizenship Shareholders.
Indonesia
Usia
Age
61
tahun | years old
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Lim Sian Choo
Direktur Sustainability
Director of Sustainability
Dasar Hukum Diangkat sebagai Direktur Perseroan berdasarkan She was appointed as Director of the Company
Pengangkatan Akta Pernyataan Keputusan Pemegang Saham based on the Deed of Statement of Shareholders
Legal Basis of PT Trimegah Bangun Persada Nomor 145 tanggal Decision of PT Trimegah Bangun Persada Number
Appointment 15 Desember 2022 145 dated December 15, 2022
Riwayat Pendidikan Bachelor of Commerce and Administration Degree, Bachelor of Commerce and Administration Degree,
Educational Background Victoria University, Wellington, New Zealand Victoria University, Wellington, New Zealand
(1977 - 1981) (1977 - 1981)
Pengalaman Kerja • Direktur Sustainability PT Trimegah Bangun • Director of Sustainability PT Trimegah Bangun
Work Experience Persada Tbk (2022 - saat ini) Persada Tbk (2022 - present)
• Chief Sustainability Office Grup Bumitama Agri • Chief Sustainability Office Bumitama Agri Ltd
Ltd (2020 - saat ini) Group (2020 - present)
• Group’s Head of Corporate Secretarial Services • Group’s Head of Corporate Secretarial Services
and Corporate Social Responsibility Grup and Corporate Social Responsibility Bumitama
Bumitama Agri Ltd (2011 – saat ini) Agri Ltd Group (2011 - present)
• Co-Chair of the RSPO Complaints Panel (2016 - • Co-Chair of the RSPO Complaints Panel
saat ini) (2016 - present)
• Co-Chair of the RSPO Standards Standing • Co-Chair of the RSPO Standards Standing
Committee (2019 - saat ini) Committee (2019 - present)
• RSPO Human Rights Working Group (2016 - saat • RSPO Human Rights Working Group (2016 -
ini) present)
• RSPO Biodiversity & HCV Working Group (2014 - • RSPO Biodiversity & HCV Working Group (2014 -
Kewarganegaraan saat ini) present)
• RSPO Task Force untuk Peatland Working Group • RSPO Task Force for the Peatland Working Group
Citizenship (2017 - 2021) (2017 - 2021)
• Task Force untuk RSPO P&C (2017 - 2018) • Task Force for RSPO P&C (2017 - 2018)
Malaysia • RSPO Emission Reduction Working Group • RSPO Emission Reduction Working Group
(2013 - 2017) (2013 - 2017)
• Non-Executive Director & Member of Audit • Non-Executive Director & Member of Audit
Committee Southern Steel Berhad (2009 - 2011) Committee Southern Steel Berhad (2009 - 2011)
Usia • Operations Manager and Group Financial • Operations Manager and Group Financial
Age Controller Hong Leong Group of Malaysia Controller Hong Leong Group of Malaysia
(1981 - 2011) (1981 - 2011)
69 Rangkap Jabatan • Chief Sustainability Officer di Bumitama Agri Ltd • Chief Sustainability Officer at Bumitama Agri Ltd
tahun | years old Concurrent Positions Group Group
• Group's Head of Corporate Secretarial Services • Group's Head of Corporate Secretarial Services
and Corporate Social Responsibility Bumitama and Corporate Social Responsibility at
Agri Ltd Bumitama Agri Ltd
• Co-Chair of the RSPO Complaints Panel • Co-Chair of the RSPO Complaints Panel
• Co-Chair of the RSPO Standards Standing • Co-Chair of the RSPO Standards Standing
Committee Committee
• RSPO Human Rights Working Group • RSPO Human Rights Working Group
• RSPO Biodiversity & HCV Working Group • RSPO Biodiversity & HCV Working Group
Hubungan Afiliasi Tidak memiliki hubungan keuangan, She has no financial, management, or family
Affiliate Relation kepengurusan, atau kekeluargaan dengan anggota relationships with other members of the
Direksi lainnya, anggota Dewan Komisaris, serta Board of Directors, members of the Board of
Pemegang Saham Utama dan Pengendali. Commissioners, as well as Major and Controlling
Shareholders.
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Profil Perusahaan
Company Profile
Ir. Tonny H. Gultom, IPU, ASEAN Eng.
Direktur HSE (Health, Safety, and Environment)
Director of Health, Safety, and Environment (HSE)
Dasar Hukum Diangkat kembali sebagai Direktur Perseroan berdasarkan He was re-appointed as Director of the Company based on
Pengangkatan Akta Pernyataan Keputusan Pemegang Saham the Deed of Statement of Shareholders Decision of
Legal Basis of PT Trimegah Bangun Persada Nomor 145 tanggal PT Trimegah Bangun Persada Number 145 dated
Appointment 15 Desember 2022 December 15, 2022.
Riwayat • Magister of Financial Management dari AWU, IOWA, • Master of Financial Management from AWU, IOWA,
Pendidikan Amerika Serikat (koresponden) (2000) United States (correspondent) (2000)
Educational • Master of Hydrology Engineering dari UNESCO-IHE, • Postgraduate of Hydrology Engineering from UNESCO-
Background Delft, Netherland (1991) IHE, Delft the Netherland (1991)
• Sarjana Hidrologi dari Universitas Gadjah Mada (1987) • Graduate in Hydrology from Gadjah Mada University
(1987)
• Sarjana Muda Geografi dari Universitas Gadjah Mada • Bachelor of Geography from Gadjah Mada University
(1984) (1984)
Sertifikasi • Profesi Insinyur dari Institut Teknologi Bandung (2021) • Engineer Profession from Bandung Institute of
Profesional Technology (2021)
professional • Sertifikat Kompetensi Insinyur Profesional (Professional • Professional Engineer Competency Certificate for
certification Engineer Competency Certificate) Insinyur Profesional Executive Professional Engineer from the Indonesian
Utama (Executive Professional Engineer) dari Persatuan Engineers Association (PII) (2022)
Insinyur Indonesia (PII) (2022)
• Insinyur Profesional ASEAN • ASEAN Professional Engineer
Pengalaman Kerja • Direktur HSE PT Trimegah Bangun Persada Tbk (2022 - • Director of HSE PT Trimegah Bangun Persada Tbk (2022
Work Experience saat ini) - present)
• Direktur PT Karya Tambang Sentosa • Director of PT Karya Tambang Sentosa
Kewarganegaraan (2023 - saat ini) (2023 - present)
• Direktur PT Dharma Cipta Mulia (2021 - saat ini) • Director of PT Dharma Cipta Mulia
Citizenship (2021 - present)
• Direktur PT Karunia Permai Sentosa • Director of PT Karunia Permai Sentosa
Indonesia (2021 - saat ini) (2021 - present)
• Direktur PT Obi Nickel Cobalt (2021 - saat ini) • Director of PT Obi Nickel Cobalt (2021 - present)
• Direktur PT Halmahera Jaya Feronikel • Director of PT Halmahera Jaya Feronikel
(2020 - saat ini) (2020 - present)
Usia • Direktur PT Gane Permai Sentosa • Director of PT Gane Permai Sentosa
(2020 - saat ini) (2020 - present)
Age
• Direktur PT Obira Mitra Jaya (2019 - saat ini) • Director of PT Obira Mitra Jaya (2019 - present)
• Direktur PT Halmahera Persada Lygend • Director of PT Halmahera Persada Lygend
64 (2018 - saat ini) (2018 - present)
• Direktur PT Obi Anugerah Mineral (2017 - saat ini) • Director of PT Obi Anugerah Mineral (2017 - present)
tahun | years old • Direktur PT Obi Stainless Steel (2024 - saat ini) • Director of PT Obi Stainless Steel (2024 - present)
• Komisaris PT Kreasi Kemakmuran Tambang (2024 - saat • Commissioner of PT Kreasi Kemakmuran Tambang
ini) (2024 - present)
• Komisaris PT Gane Tambang Sentosa • Commissioner of PT Gane Tambang Sentosa
(2024 - saat ini) (2024 - present)
• Senior Environment Specialist and Stakeholder • Senior Environment Specialist and Stakeholder
Manager PT BHP Biliton Services Indonesia (Pearl Manager of PT BHP Billiton Services Indonesia (Pearl
Project) Nickel Gag Island (selama tahun 2008) Project) Nickel Gag Island (during 2008)
• Senior Manager Lingkungan Pertambangan Tembaga • Senior Manager of Mining Environment for Cooper and
Emas PT Newmont Nusa Tenggara (2001 – 2007) Gold Mining at PT Newmont Nusa Tenggara (2001 –
2007)
• Hydrologist & Environmental Specialist, WRM Specialist, • Hydrologist & Environmental Specialist, WRM Specialist,
Capacity Building Specialist SNC Lavalin International Capacity Building Specialist SNC Lavalin International
Inc. (Canada) Canadian International Development Inc. (Canada) Canadian International Development
Agency (1993 - 2000) Agency (1993 - 2000)
• Groundwater Modeling Specialist, Groundwater • Groundwater Modeling Specialist, Groundwater
Specialist, WRM Specialist Dutch Grant-Ministry of Specialist, WRM Specialist Dutch Grant-Ministry of
Public Work & IWACO-WASECO Consultant (1988 - 1993) Public Work & IWACO-WASECO Consultant (1988 - 1993)
• Hydrologist, Environmental Engineer PT Jascon Bangun • Hydrologist, Environmental Engineer PT Jascon Bangun
Persada (1987 - 1988) Persada (1987 - 1988)
• Asisten Dosen Universitas Gadjah Mada (1984 - 1987) • Assistant Lecturer Gadjah Mada University (1984 - 1987)
Rangkap Jabatan • Direktur PT Obira Mitra Jaya • Director of PT Obira Mitra Jaya
Concurrent • Direktur PT Dharma Cipta Mulia • Director of PT Dharma Cipta Mulia
Positions • Direktur PT Halmahera Persada Lygend • Director of PT Halmahera Persada Lygend
• Direktur PT Gane Permai Sentosa • Director of PT Gane Permai Sentosa
• Direktur PT Halmahera Jaya Feronikel • Director of PT Halmahera Jaya Feronikel
• Direktur PT Obi Anugerah Mineral • Director of PT Obi Anugerah Mineral
• Direktur PT Karunia Permai Sentosa • Director of PT Karunia Permai Sentosa
• Direktur PT Karya Tambang Sentosa • Director of PT Karya Tambang Sentosa
• Direktur PT Obi Nickel Cobalt • Director of PT Obi Nickel Cobalt
• Direktur PT Obi Stainless Steel • Director of PT Obi Stainless Steel
• Komisaris PT Kreasi Kemakmuran Tambang • Commissioner of PT Kreasi Kemakmuran Tambang
• Komisaris PT Gane Tambang Sentosa • Commissioner of PT Gane Tambang Sentosa
Hubungan Afiliasi Tidak memiliki hubungan keuangan, kepengurusan, atau He has no financial, management, or family relationships
Affiliate Relation kekeluargaan dengan anggota Direksi lainnya, anggota with other members of the Board of Directors, members
Dewan Komisaris, serta Pemegang Saham Utama dan of the Board of Commissioners, as well as Major and
Pengendali. Controlling Shareholders.
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PERUBAHAN KOMPOSISI
DIREKSI PADA TAHUN 2025
Changes in the Composition of the Board of Directors in
2025
Tidak ada perubahan susunan anggota Direksi pada tahun 2025. There was no change in the composition of the members of the Board
of Directors in 2025.
PERUBAHAN SUSUNAN ANGGOTA
DIREKSI, DAN/ATAU ANGGOTA DEWAN
KOMISARIS SETELAH 31 DESEMBER
2025 SAMPAI DENGAN PENYAMPAIAN
LAPORAN TAHUNAN 2025
Changes in the Composition of Members of the Board of
Directors and Members of the Board of Commissioners
After December 31, 2025, to Submission of the 2025
Annual Report
Tidak ada perubahan susunan anggota Direksi dan/atau anggota There was no change in the composition of the members of the Board
Dewan Komisaris setelah tahun buku 2025 berakhir sampai dengan of Directors and/or members of Board of Commissioners after the fiscal
batas waktu penyampaian Laporan Tahunan 2025. year 2025 ends until the deadline for submitting the 2025 Annual Report.
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Profil Perusahaan
Company Profile
PROFIL KEPALA DEPARTEMEN
Profile of Department Head
Rivan Lie
Kepala Departemen Sumber Daya Manusia dan Umum
Departement Head of Human Resources and General Affairs
Dasar Hukum Surat Keputusan No. 016/HRD-TBP/PNJ/VIII/2016 Decision Letter No. 016/HRD-TBP/PNJ/VIII/2016
Pengangkatan
Legal Basis of
Appointment
Riwayat Pendidikan • Magister Manajemen dari Universitas Indonesia • Master of Management from the University of
Educational Background Indonesia
• Sarjana Teknik Kimia dari Universitas Katholik • Bachelor of Engineering from Parahyangan
Parahyangan Catholic University
Pengalaman Kerja • Head of Logistic Harita Nickel (2022 - saat ini) • Head of Logistic at Harita Nickel (2022 - present)
Work Experience • Head of HR & GA Harita Group (2013 - saat ini) • Head of HR & GA at Harita Group (2013 - present)
Rangkap Jabatan Anggota Komite Etik dan Risiko Perseroan sejak Member of the Ethics and Risk Committee of the
Concurrent Positions 6 Januari 2023 Company since January 6, 2023
Hubungan Afiliasi Tidak memiliki hubungan keuangan, He has no financial, management, or family
Affiliate Relation kepengurusan, atau kekeluargaan dengan relationships with members of the Board
anggota Direksi, anggota Dewan Komisaris, serta of Directors, members of the Board of
Pemegang Saham Utama dan Pengendali. Commissioners, as well as Major and Controlling
Shareholders.
Kewarganegaraan
Citizenship
Indonesia
Usia
Age
41
tahun | years old
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Robby Irfan Rafianto
Kepala Departemen Eksplorasi & Pengembangan Tambang
Department Head of Exploration & Mine Development
Dasar Hukum Surat Keputusan No. 017/HRD-TBP/PNJ/VIII/2013 Decision Letter No. 017/HRD-TBP/PNJ/VIII/2013
Pengangkatan
Legal Basis of
Appointment
Riwayat Pendidikan Teknik Geologi, Universitas Pembangunan Geological Engineering, University of
Educational Background Nasional “Veteran” Yogyakarta Pembangunan Nasional “Veteran” Yogyakarta
Pengalaman Kerja • Komisaris Utama PT Halmahera Jaya Feronikel • President Commissioner of PT Halmahera Jaya
Work Experience (2019 - saat ini) Feronikel (2019 - present)
• Direktur Utama PT Jikodolong Megah Pertiwi • President Director of PT Jikodolong Megah
(2019 - saat ini) Pertiwi (2019 - present)
• Direktur Utama PT Obi Anugerah Mineral • President Director of PT Obi Anugerah Mineral
(2017 - saat ini) (2017 - present)
• Direktur Utama PT Trimegah Bangun Persada • President Director of PT Trimegah Bangun
(2016 - 2018) Persada (2016 - 2018)
• Direktur Utama PT Gane Permai Sentosa • President Director of PT Gane Permai Sentosa
(2016 - 2018) (2016 - 2018)
• Direktur Utama PT Gane Tambang Sentosa • President Director of PT Gane Tambang Sentosa
(2016 - 2018) (2016 - 2018)
• Direktur PT Cita Mineral Investindo Tbk • Director of PT Cita Mineral Investindo Tbk
(2015 - saat ini) (2015 - present)
• Senior GM Production PT Trimegah Bangun • Senior GM Production at PT Trimegah Bangun
Kewarganegaraan Persada (2012 - 2013) Persada (2012 - 2013)
• Head of Exploration, Harita Group • Head of Exploration at Harita Group
Citizenship (2012 - saat ini) (2012 - present)
• General Manager Exploration PT Vale Indonesia • Exploration General Manager at PT Vale
Indonesia Tbk (2005 - 2009) Indonesia Tbk (2005 - 2009)
• Manager Mineral Resource Inventory, Planning • Mineral Resource Inventory, Planning and
and Assessment PT Vale Indonesia Tbk Assessment Manager at PT Vale Indonesia Tbk
(2005 - 2009) (2005 - 2009)
Usia • Bahodopi Project Exploration Superintendent • Bahodopi Project Exploration Superintendent at
Age PT Vale Indonesia Tbk (2004 - 2005) PT Vale Indonesia Tbk (2004 - 2005)
• Senior Geologist PT Vale Indonesia Tbk • Senior Geologist at PT Vale Indonesia Tbk
55 (2001 - 2004)
• Geologist PT Ingold Management (1997 - 2001)
(2001 - 2004)
• Geologist at PT Ingold Management (1997 - 2001)
tahun | years old • Field Geologist Battle Mountain Gold Company • Field Geologist at Battle Mountain Gold
(1995 - 1997) Company (1995 - 1997)
Rangkap Jabatan • Anggota Komite Etik dan Risiko Perseroan sejak • Member of the Ethics and Risk Committee of the
Concurrent Positions 6 Januari 2023 Company since January 6, 2023
• Direktur Utama PT Jikodolong Megah Pertiwi • President Director of PT Jikodolong Megah
Pertiwi
• Direktur Utama PT Obi Anugerah Mineral • President Director of PT Obi Anugerah Mineral
• Direktur PT Cita Mineral Investindo Tbk • Director of PT Cita Mineral Investindo Tbk
• Komisaris Utama PT Halmahera Jaya Feronikel • President Commissioner of PT Halmahera Jaya
Feronikel
Hubungan Afiliasi Tidak memiliki hubungan keuangan, He has no financial, management, or family
Affiliate Relation kepengurusan, atau kekeluargaan dengan relationships with members of the Board
anggota Direksi, anggota Dewan Komisaris, serta of Directors, members of the Board of
Pemegang Saham Utama dan Pengendali. Commissioners, as well as Major and Controlling
Shareholders.
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Profil Perusahaan
Company Profile
Latif Supriadi
Kepala Departemen Hubungan Eksternal
Departement Head of External Relations
Dasar Hukum Surat Keputusan No. 010/HR&GA/SK/XII/2023 Decision Letter No. 010/HR&GA/SK/XII/2023
Pengangkatan
Legal Basis of
Appointment
Riwayat Pendidikan Sarjana Manajemen Keuangan dari Institut Bachelor of Financial Management from
Educational Background Manajemen Koperasi Indonesia Indonesian Cooperative Management Institute
Pengalaman Kerja • Head of External Relations Harita Nickel • Head of External Relations Harita Nickel
Work Experience (2023 - saat ini) (2023–present)
• Deputy Head of Community Affairs & Land • Deputy Head of Community Affairs & Land
Management Harita Nickel (2021 - 2023) Management Harita Nickel (2021 - 2023)
• Senior Community Affairs Manager • Senior Community Affairs Manager
PT Masmindo Dwi Area (2021) PT Masmindo Dwi Area (2021)
• GM CSR & Corporate Communication PT Dian • GM CSR & Corporate Communication PT Dian
Swastatika Sentosa Tbk–Member of Sinarmas Swastatika Sentosa Tbk–Member of Sinarmas
Group (2017 - 2021) Group (2017 - 2021)
• Manager Community Development PT Agincourt • Manager Community Development PT Agincourt
Resources (2011 - 2017) Resources (2011 - 2017)
• Group Leader Local Business Development • Group Leader Local Business Development
PT Freeport Indonesia (2001 - 2011) PT Freeport Indonesia (2001 - 2011)
Rangkap Jabatan Ketua Tim Koordinasi Eksternal Hak Asasi Manusia Head of Human Rights External Coordination Team
Kewarganegaraan Concurrent Positions PT Trimegah Bangun Persada Tbk sejak PT Trimegah Bangun Persada Tbk since December
20 Desember 2023 20, 2023
Citizenship
Hubungan Afiliasi Tidak memiliki hubungan keuangan, He has no financial, management, or family
Indonesia Affiliate Relation kepengurusan, atau kekeluargaan dengan relationships with members of the Board
anggota Direksi, anggota Dewan Komisaris, serta of Directors, members of the Board of
Pemegang Saham Utama dan Pengendali. Commissioners, as well as Major and Controlling
Shareholders.
Usia
Age
51
tahun | years old
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Profil Perusahaan
Company Profile
DEMOGRAFI KARYAWAN
Employee Demographics
PERSEROAN BESERTA ENTITAS ANAK
THE COMPANY AND SUBSIDIARIES
Komposisi Karyawan berdasarkan Jenis Kelamin
Employee Composition by Gender
Jenis Kelamin | Gender 2025 2024 2023
Laki-laki | Male 11.742 11.547 11.044
Perempuan | Female 788 827 917
Jumlah | Total 12.530 12.374 11.961
Komposisi Karyawan berdasarkan Level Jabatan
Employee Composition by Position Level
Jabatan | Position 2025 2024 2023
General Manager | General Manager 28 28 18
Manager | Manager 88 83 72
Superintendent | Superintendent 201 171 176
Supervisor | Supervisor 879 628 1.584
Staf | Staff 3.041 3.292 2.266
Non-staf | Non-staff 8.293 8.172 7.845
Jumlah | Total 12.530 12.374 11.961
Komposisi Karyawan berdasarkan Usia
Employee Composition by Age
Usia | Age 2025 2024 2023
> 50 tahun | years old 321 269 185
30 – 49 tahun | years old 6.382 6.135 5.718
18 - 29 tahun | years old 5.827 5.970 6.058
Jumlah | Total 12.530 12.374 11.961
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Komposisi Karyawan berdasarkan Jenjang Pendidikan
Employee Composition by Level of Education
Pendidikan | Education 2025 2024 2023
>Strata 2 | master’s degree 75 68 70
Strata 1 | bachelor’s degree 2.456 2.420 2.543
Diploma (D3) | Diploma 764 820 955
<SMU dan Sederajat | Senior High and Equivalent 9.235 9.066 8.393
Jumlah | Total 12.530 12.374 11.961
Komposisi Karyawan berdasarkan Status Kepegawaian
Employee Composition by Employment Status
Status Kepegawaian | Employment Status 2025 2024 2023
Tetap | Permanent 6.986 4.956 3.052
Kontrak | Contract 5.544 7.418 8.909
Jumlah | Total 12.530 12.374 11.961
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Profil Perusahaan
Company Profile
INFORMASI PEMEGANG
SAHAM PER 1 JANUARI 2025
DAN 31 DESEMBER 2025
Shareholders Information as of January 1, 2025, and
December 31, 2025
Pemegang Saham dan Persentase Kepemilikan
Shareholders and Ownership Percentage
1 Januari 2025 31 Desember 2025
January 1, 2025 December 31, 2025
Nama Pemegang Saham
Name of Shareholders Persentase Persentase
Jumlah Saham Jumlah Saham
Percentage Percentage
Number of Shares Number of Shares
(%) (%)
Pemegang Saham di atas 5% | Shareholders of above 5%
PT Harita Jayaraya 53.439.768.500 84,69 51.312.682.000 81,32
Citibank Hong Kong S/A Glencore International Investment LTD. - - 4.534.708.000 7,19
Pemegang Saham di bawah 5% | Shareholders of below 5%
PT Citra Duta Jaya Makmur 551.010.000 0,87 551.010.000 0,87
Masyarakat | Public 9.107.821.500 14,44 6.589.466.700 10,44
Saham Treasuri | Treasury Shares - - 110,733,300 0,18
JUMLAH | TOTAL 63.098.600.000 100,00 63.098.600.000 100,00
Kepemilikan Saham oleh Anggota Dewan Komisaris dan Anggota Direksi
Share Ownership by Member of the Board of Commissioners and the Board of Directors
Jabatan
Nama Kepemilikan Saham
Position
Name Share Ownership
Donald J. Hermanus Komisaris Utama | President Commissioner
Darjoto Setyawan Komisaris Independen | Independent Commissioner
Suryadi Sasmita Komisaris Independen | Independent Commissioner
Roy Arman Arfandy Direktur Utama | President Director
Tidak ada
Suparsin Darmo Liwan Direktur Keuangan | Director of Finance None
Younsel Evand Roos Direktur Operasional | Director of Operations
Tonny H. Gultom Direktur HSE (Health, Safety, and Environment)
Director of Health, Safety, and Environment (HSE)
Lim Sian Choo Direktur Sustainability | Director of Sustainability
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Komposisi Pemegang Saham Masyarakat per 31 Desember 2025 (kurang dari 5%)
Composition of Public Shareholders as per December 31, 2025 (less than 5% ownership)
Persentase Kepemilikan
Kelompok Pemegang Saham Jumlah Saham | Total Shares
Ownership Percentage
Group of Public Shareholder (lembar | share)
(%)
Perusahaan/Institusi | Company/Institution 1.442.606.428 2,29
Individu | Individual 2.138.026.900 3,93
Asuransi | Insurance 220.558.300 0,35
Reksa Dana | Mutual Fund 258.518.672 0,41
Yayasan | Foundation 11.761.100 0,02
Dana Pensiun | Pension Fund 59.761.500 0,09
Koperasi | Cooperative 600.000 0,00
JUMLAH | TOTAL 4.131.832.900 6,55
KEPEMILIKAN TIDAK LANGSUNG ATAS SAHAM PERSEROAN DIRECTORS AND MEMBERS OF THE BOARD OF
OLEH ANGGOTA DIREKSI DAN ANGGOTA DEWAN KOMISARIS COMMISSIONERS AT THE BEGINNING AND END OF 2025
PADA AWAL DAN AKHIR TAHUN 2025
Seluruh anggota Direksi dan anggota Dewan Komisaris tidak memiliki All members of the Board of Directors and members of the Board of
kepemilikan tidak langsung atas saham Perseroan pada awal dan akhir Commissioners do not have indirect ownership of the Company's
tahun 2025. shares at the beginning and end of 2025.
KOMPOSISI KEPEMILIKAN SAHAM BERDASARKAN COMPOSITION OF SHARE OWNERSHIP BASED ON
KLASIFIKASI CLASSIFICATION
31 Desember 2025 | December 31, 2025
Status Pemegang Saham
Shareholders Status Kepemilikan Saham Persentase Kepemilikan
Share Ownership Ownership Percentage
(lembar | share) (%)
Institusi Dalam Negeri | Local Institution 53.306.488.000 84,48
Institusi Luar Negeri | Foreign Institution 7.652.592.600 12,13
Individu Dalam Negeri | Local Individuals 2.138.026.900 3,39
Individu Luar Negeri | Foreign Individuals 1.492.500 0,00
JUMLAH | TOTAL 63.098.600.000 100,00
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Profil Perusahaan
Company Profile
KOMPOSISI PEMEGANG
SAHAM UTAMA/PENGENDALI
Composition of Main/Controlling Shareholders
Lim
Lim Gunawan Lim Gunardi
Hariyanto
Hariyanto Hariyanto
Wijaya Sarwono
35,00% 40,00% 25,00%
Lim Hariyanto PT Harita Guna Lim Gunawan Lim Gunardi Lim Hariyanto Lim Gunawan Lim Gunardi
Wijaya Sarwono Dharma Bhakti Hariyanto Hariyanto Wijaya Sarwono Hariyanto Hariyanto
7,33% 81,67% 6,42% 4,58% 40,00% 35,00% 25,00%
Citibank
Hong Kong S/A PT Citra Duta Jaya Masyarakat
PT Harita Jayaraya Glencore Makmur Public
International
Investment LTD
81,32% 7,19% 0,87% 10,44%
PT Trimegah Bangun Persada Tbk
(Perseroan | The Company)
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Profil Perusahaan
Company Profile
STRUKTUR KORPORASI
Corporate Structure
PT Gane
PT Obi Nickel PT Gane Permai PT Obira Mitra PT Halmahera
Tambang
Cobalt Sentosa Jaya Persada Lygend
Sentosa
40,00% 99,00% 99,00% 63,54% 45,10%
ONC
PT Kreasi
International PT Halmahera
Kemakmuran HPAL
Trading (Ningbo) Jaya Feronikel
Tambang PT Bhakti International
Co. Ltd.
Bumi Sentosa Trading (Ningbo)
100,00% 99,95% 63,10% Co. Ltd.
94,24% 100,00%
50,00%
PT Baja Jaya
Lestari
99,99%
PT Megah Surya PT Jikodolong PT Obi Anugerah
Pertiwi Megah Pertiwi Mineral
10,00% 99,60% 99,60%
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Citibank
Hong Kong
PT Harita Publik PT Citra Duta
S/A Glencore
Jayaraya Public Jaya Makmur
International
Investment LTD
81,32% 10,44% 7,19% 0,87%
PT Trimegah Bangun Persada Tbk
(Perseroan | The Company)
PT Karya PT Cipta
PT Obi Stainless PT Karunia PT Dharma
Tambang Kemakmuran
Steel Permai Sentosa Cipta Mulia
Sentosa Mitra
35,00% 35,00% 36,00% 40,00% 40,00%
KPS
International
Trading (Ningbo)
Co. Ltd.
100,00%
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Profil Perusahaan
Company Profile
DAFTAR ENTITAS ANAK DAN
ENTITAS ASOSIASI
List of Subsidiaries and Associated Entities
Entitas Anak | Subsidiaries
dalam juta Rupiah | in million of IDR
Persentase
Tahun Status
Kepemilikan
Nama Perusahaan Bidang Usaha Pendirian Total Aset Operasi Area Operasional
No. Percentage of
Company Name Business Line Establishment Total Assets Operational Operational Area
Ownership
Year Status
(%)
1 PT Gane Permai Pertambangan Bijih 2004 2.278 99,00 Beroperasi Kabupaten Halmahera
Sentosa Nikel Operate Selatan, Provinsi Maluku
Nickel Ore Mining Utara
South Halmahera
Regency, North Maluku
Province
2 PT Megah Surya Industri Pembuatan 2013 5.900 60,00 Beroperasi Kabupaten Halmahera
Pertiwi Logam Dasar Bukan (kepemilikan Operate Selatan, Provinsi Maluku
Besi tidak langsung Utara
Non-Ferrous Base melalui PT GPS South Halmahera
Metal Manufacturing sebesar 10%) Regency, North Maluku
Industry (indirect Province
ownership
through PT GPS
of 10%)
3 PT Obira Mitra Jaya Konsultan/ 2019 23.744 63,54 Beroperasi Jakarta Pusat, Provinsi
Perusahaan induk Operate DKI Jakarta
Consultant/ Holding Central Jakarta, DKI
Company Jakarta Province
4 PT Halmahera Jaya Industri Pembuatan 2019 23.741 63,10 Beroperasi Kabupaten Halmahera
Feronikel Logam Dasar Bukan (melalui PT OMJ) Operate Selatan, Provinsi Maluku
Besi (through PT OMJ) Utara
Non-Ferrous Base South Halmahera
Metal Manufacturing Regency, North Maluku
Industry Province
5 PT Jikodolong Megah Pertambangan Bijih 2017 93 99,60 Belum Kabupaten Halmahera
Pertiwi Nikel (melalui PT GPS) Beroperasi Selatan, Provinsi Maluku
Nickel Ore Mining (through PT GPS) Not yet Utara
operational South Halmahera
Regency, North Maluku
Province
6 PT Obi Anugerah Pertambangan Bijih 2017 14 99,60 Belum Kabupaten Halmahera
Mineral Nikel (melalui PT GPS) Beroperasi Selatan, Provinsi Maluku
Nickel Ore Mining (through PT GPS) Not yet Utara
operational South Halmahera
Regency, North Maluku
Province
7 PT Gane Tambang Pertambangan Bijih 2007 1.081 99,00 Beroperasi Kabupaten Halmahera
Sentosa Nikel Operate Selatan, Provinsi Maluku
Nickel Ore Mining Utara
South Halmahera
Regency, North Maluku
Province
8 PT Kreasi Penggalian Batu, 2023 2 99,95 Beroperasi Kabupaten Halmahera
Kemakmuran Pasir dan Tanah Liat (melalui PT GTS) Operate Selatan, Provinsi Maluku
Tambang Lainnya (through PT GTS) Utara
Quarrying of Stone, South Halmahera
Sand and Other Clay Regency, North Maluku
Province
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Entitas Asosiasi | Associated Entities
dalam juta Rupiah | in million of IDR
Tahun
Kepemilikan Status Operasi
Nama Perusahaan Bidang Usaha Pendirian Total Aset Alamat
No. Ownership Status of
Company Name Business Line Year of Total Assets Address
(%) Operation
Establishment
1 PT Halmahera Persada Industri Pembuatan 2017 31.911 45,10 Beroperasi Kabupaten Halmahera
Lygend Logam Dasar Bukan Operate Selatan, Provinsi Maluku
Besi Utara
Non-Ferrous Base South Halmahera Regency,
Metal Manufacturing North Maluku Province
Industry
2 PT Dharma Cipta Mulia Kawasan Industri 2007 801 40,00 Beroperasi Kabupaten Halmahera
Industrial Estate Operate Selatan, Provinsi Maluku
Utara
South Halmahera Regency,
North Maluku Province
3 PT Cipta Kemakmuran Industri Kapur 2024 959 40,00 Belum Kabupaten Halmahera
Mitra Limestone Industry Beroperasi Selatan, Provinsi Maluku
Not yet operational Utara
South Halmahera Regency,
North Maluku Province
4 PT Bhakti Bumi Industri Pengolahan 2024 2.714 94,24 Belum Kabupaten Halmahera
Sentosa Sisa Hasil Produksi (melalui PT HPL) Beroperasi Selatan, Provinsi Maluku
Fasilitas Pemurnian (through PT HPL) Not yet operational Utara
HPAL South Halmahera Regency,
Treatment of Residue North Maluku Province
From HPAL Refining
Facilities Industry
5 PT Baja Jaya Lestari Industri Pengolahan 2025 0 99,99 Belum Kabupaten Halmahera
Sisa Hasil Produksi (melalui PT BBS) Beroperasi Selatan, Provinsi Maluku
Fasilitas Pemurnian (through PT Not yet operational Utara
HPAL BBS) South Halmahera Regency,
Treatment of Residue North Maluku Province
From HPAL Refining
Facilities Industry
6 PT Karya Tambang Pertambangan Bijih 2023 2 36,00 Belum Kabupaten Halmahera
Sentosa Nikel Beroperasi Selatan, Provinsi Maluku
Nickel Ore Mining Not yet operational Utara
South Halmahera Regency,
North Maluku Province
7 PT Karunia Permai Industri Pembuatan 2021 29.282 35,00 Beroperasi Kabupaten Halmahera
Sentosa Logam Dasar Bukan Operate Selatan, Provinsi Maluku
Besi Utara
Non-Ferrous Basic South Halmahera Regency,
Metal Manufacturing North Maluku Province
Industry
8 PT Obi Stainless Steel Industri besi nirkarat 2021 3 35,00 Belum beroperasi Kabupaten Halmahera
Stainless steel industry Not yet operational Selatan, Provinsi Maluku
Utara
South Halmahera Regency,
North Maluku Province
9 PT Obi Nickel Cobalt Industri Pembuatan 2021 26.275 40,00 Beroperasi Kabupaten Halmahera
Logam Dasar Bukan Operate Selatan, Provinsi Maluku
Besi Utara
Non-Ferrous Basic South Halmahera Regency,
Metal Manufacturing North Maluku Province
Industry
10 ONC International Perdagangan Besar 2022 67 100,00 Beroperasi Kota Ningbo, Provinsi
Trading (Ningbo) Logam dan Mineral (melalui PT ONC) Operate Zhejiang, Tiongkok
Co., Ltd. Logam (through PT ONC) Ningbo City, Zhejiang
Wholesale Trade of Province, China
Metals and Metal
Minerals
11 HPAL International Perdagangan Besar 2022 102 100,00 Beroperasi Kota Ningbo, Provinsi
Trading (Ningbo) Logam dan Mineral (melalui PT HPAL) Operate Zhejiang, Tiongkok
Co., Ltd. Logam (through PT Ningbo City, Zhejiang
Wholesale Trade of HPAL) Province, China
Metals and Metal
Minerals
12 KPS International Perdagangan Besar 2022 184 100,00 Beroperasi Kota Ningbo, Provinsi
Trading (Ningbo) Logam dan Mineral (melalui PT KPS) Operate Zhejiang, Tiongkok
Co., Ltd. Logam (through PT KPS) Ningbo City, Zhejiang
Wholesale Trade of Province, China
Metals and Metal
Minerals
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Profil Perusahaan
Company Profile
KRONOLOGIS PENCATATAN
SAHAM
Chronology of Shares Listing
Jenis Pencatatan Saham Tanggal Jumlah Saham
Type of Share Listing Date Total Shares
Saham Perdana 12 April 2023 7.997.600.000 Lembar saham | shares
Initial Shares April 12, 2023 (12.67%)
KRONOLOGIS PENERBITAN
EFEK LAINNYA
Chronology of Other Securities
Hingga 31 Desember 2025, Perseroan tidak menerbitkan efek lain Until December 31, 2025, the Company did not issue other securities in
dalam bentuk apapun selain yang telah dijelaskan pada Kronologis any form other than those described in the Chronology of Issuance and
Penerbitan dan Pencatatan Saham di atas. Listing of Shares above.
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INFORMASI PENGGUNAAN
JASA AKUNTAN PUBLIK DAN
KANTOR AKUNTAN PUBLIK
Information on the Use of Public Accountant and
Public Accounting Firm Services
KAP Purwanto Susanti dan Surja KAP Purwanto Susanti dan Surja
(anggota firma Ernst & Young Global Limited) (a member firm of Ernst & Young Global Limited)
Bursa Efek Indonesia, Tower 2, Lantai 7, Indonesia Stock Exchange, Tower 2, 7th Floor,
Jl. Jend. Sudirman Kav. 52-53, Jl. Jend. Sudirman Kav. 52-53,
Jakarta 12190 – Indonesia Jakarta 12190 – Indonesia
Telp: +6221 5289 5000 Tel: +6221 5289 5000
Faks: +6221 5289 4100 Fax: +6221 5289 4100
Nama Akuntan Publik: Chang Hartono, CPA Public Accountant Name: Chang Hartono, CPA
Periode Penugasan: Tahun Buku 2025 Assignment Period: Financial Year 2025
Total jasa audit dan jasa assurance lainnya yang diberikan oleh KAP The total audit fees and other assurance service fees provided by KAP
Purwanto Susanti dan Surja untuk tahun buku 2025 adalah sebesar Purwanto Susanti and Surja for the 2025 financial year amounted
Rp10.104.600.000. Nilai tersebut terdiri atas jasa audit laporan to IDR10,104,600,000. This amount consisted of fees for the audit of
keuangan konsolidasian untuk tahun buku yang berakhir pada the consolidated financial statements for the financial year ended
31 Desember 2025 sebesar Rp8.604.600.000 serta jasa assurance December 31, 2025 amounting to IDR8,604,600,000 and other assurance
lainnya sebesar Rp1.500.000.000. service fees amounting to IDR1,500,000,000.
LEMBAGA PROFESI PENUNJANG
Supporting Professions and Institutions
BIRO ADMINISTRASI EFEK SECURITIES ADMINISTRATION BUREAU
PT Adimitra Jasa Korpora PT Adimitra Jasa Korpora
Kirana Boutique Office Blok F3 No. 5 Kirana Boutique Office Blok F3 No. 5,
Jl. Kirana Avenue III, Kelapa Gading Jl. Kirana Avenue III, Kelapa Gading,
Jakarta 14250 Jakarta 14250
Telp: +6221-29745222 Tel: +6221-29745222
Faks: +6221-29289961 Fax: +6221-29289961
NOTARIS NOTARY
Jimmy Tanal, S.H., M.Kn. Jimmy Tanal, S.H., M.Kn.
Gedung The “H” Tower Lt. 20 Suite A, The “H” Tower Floor 20 Suite A,
Jl. H.R. Rasuna Said Kav. C.20 – 21, Jl. H.R. Rasuna Said Kav. C. 20 – 21,
Jakarta 12940 Jakarta 12940
Telp: +6221-29533377-78-79-80-81-82 Tel: +6221-29533377-78-79-80-81-82
Faks: +6221-29516950-51-52-53 Fax: +6221-29516950-51-52-53
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ANALISIS &
PEMBAHASAN
MANAJEMEN
Management Discussion
& Analysis
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Analisis dan Pembahasan Manajemen
Management Discussion & Analysis
TINJAUAN KONDISI EKSTERNAL
View on External Conditions
Sepanjang 2025, industri nikel beroperasi dalam
lingkungan eksternal yang menantang, dipengaruhi oleh
kondisi oversupply global, ketidakpastian geopolitik, serta
perubahan standar pasar internasional.
Throughout 2025, the nickel industry operated within a challenging
external environment, influenced by global oversupply conditions,
geopolitical uncertainty, and evolving international market standards.
DINAMIKA MAKROEKONOMI GLOBAL DAN NASIONAL GLOBAL AND NATIONAL MACROECONOMIC DYNAMICS
Pada 2025, perekonomian global tetap menunjukkan ketahanan In 2025, the global economy continued to demonstrate resilience
meskipun menghadapi tekanan struktural dan geopolitik yang despite ongoing structural and geopolitical pressures. The OECD
berlanjut. OECD memperkirakan pertumbuhan ekonomi dunia sekitar projected global economic growth at approximately 3.4%, slightly
3,4%, sedikit melambat dibandingkan tahun sebelumnya. Perlambatan moderating compared to the previous year. This slowdown was
tersebut dipengaruhi oleh berlanjutnya ketegangan geopolitik, influenced by persistent geopolitical tensions, including evolving
termasuk dinamika hubungan Amerika Serikat dan Tiongkok, serta dynamics between the United States and China, as well as a growing
meningkatnya kecenderungan proteksionisme perdagangan. trend toward trade protectionism.
Kebijakan industri Amerika Serikat yang mendorong relokasi dan United States industrial policies encouraging the relocation and
pembangunan fasilitas produksi di dalam negeri termasuk melalui establishment of manufacturing facilities domestically through various
berbagai insentif dan persyaratan kandungan lokal mencerminkan incentives and local content requirements, reflect a broader strategic
pergeseran strategi global menuju penguatan rantai pasok domestik. shift toward strengthening domestic supply chains. These policies have
Kebijakan ini berimplikasi pada penyesuaian arus investasi dan implications for global investment and trade flows, while also increasing
perdagangan global, serta meningkatkan ketidakpastian dalam rantai uncertainty within commodity supply chains and the manufacturing
pasok komoditas dan industri manufaktur. Di sisi lain, normalisasi sector. At the same time, normalization of demand in several sectors
permintaan di beberapa sektor dan stabilisasi investasi global tetap and stabilization of global investment continued to support global
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memberikan penopang terhadap pertumbuhan ekonomi dunia, economic growth, although geopolitical risks and trade fragmentation
meskipun risiko geopolitik dan fragmentasi perdagangan masih remain key factors to monitor.
menjadi faktor yang perlu diantisipasi.
Di tengah dinamika global tersebut, perekonomian Indonesia Amid these global dynamics, Indonesia’s economy performed stronger
menunjukkan kinerja yang lebih kuat dari perkiraan awal. World Bank than initially projected. The World Bank had previously forecast
sebelumnya memproyeksikan pertumbuhan ekonomi Indonesia Indonesia’s economic growth at an average of approximately 4.8% per
rata-rata sekitar 4,8% per tahun pada periode 2025–2027. Namun, year for the 2025–2027 period. However, based on the official release
berdasarkan rilis resmi Badan Pusat Statistik (BPS), ekonomi from Statistics Indonesia (BPS), Indonesia’s economy expanded by
Indonesia sepanjang tahun 2025 tumbuh sebesar 5,1%, didukung oleh 5.1% in full-year 2025, supported by solid fourth-quarter growth that
pertumbuhan Triwulan IV yang memperkuat momentum ekspansi reinforced domestic expansion momentum.
domestik.
Realisasi pertumbuhan tersebut menunjukkan bahwa kinerja ekonomi This realization indicates that domestic economic performance
domestik berada di atas proyeksi awal lembaga internasional, exceeded initial projections by international institutions, reflecting
mencerminkan ketahanan permintaan domestik, stabilitas konsumsi resilient domestic demand, stable household consumption, and
rumah tangga, serta penguatan sektor industri pengolahan dan strengthening performance in the manufacturing and trade sectors.
perdagangan. Pertumbuhan yang lebih tinggi dari estimasi awal ini Higher-than-expected growth also provides a stronger foundation for
juga memberikan landasan yang lebih solid bagi sektor komoditas dan the commodity and downstream industries, including the nickel sector,
industri hilir, termasuk industri nikel, dalam menghadapi dinamika in navigating external dynamics.
eksternal.
Dalam konteks industri mineral kritis, kebijakan proteksionisme dan In the context of critical minerals, United States protectionist policies
penguatan rantai pasok domestik Amerika Serikat juga memiliki and domestic supply chain strengthening also carry strategic
implikasi strategis terhadap industri nikel global. Melalui kebijakan implications for the global nickel industry. Through legislation such
seperti Inflation Reduction Act (IRA) dan berbagai ketentuan terkait as the Inflation Reduction Act (IRA) and related Electric Vehicle (EV)
insentif kendaraan listrik, Amerika Serikat mendorong penggunaan incentive provisions, the United States promotes the use of raw
bahan baku dan komponen baterai yang bersumber dari dalam negeri materials and battery components sourced domestically or from
atau dari negara mitra dagang yang memiliki perjanjian perdagangan countries with which it has free trade agreements. These measures
bebas dengan AS. Kebijakan ini bertujuan untuk mengurangi aim to reduce reliance on supply chains concentrated in China and to
ketergantungan terhadap rantai pasok yang terpusat di Tiongkok serta enhance the security of critical mineral supply.
memperkuat keamanan pasokan mineral yang kritis.
Kebijakan tersebut berdampak pada restrukturisasi rantai pasok Such policies have contributed to the restructuring of the global
baterai global, termasuk peningkatan persyaratan kandungan lokal battery supply chain, including stricter local content requirements and
(local content requirement) serta pelacakan asal-usul mineral kritis enhanced traceability of critical minerals such as nickel, cobalt, and
seperti nikel, kobalt, dan litium. Bagi produsen nikel, kondisi ini lithium. For nickel producers, these developments create new dynamics
menciptakan dinamika baru dalam perdagangan internasional, karena in international trade, as market access is increasingly influenced not
akses pasar tidak hanya ditentukan oleh volume dan harga, tetapi juga only by volume and pricing but also by compliance with sustainability
oleh kepatuhan terhadap standar keberlanjutan, transparansi rantai standards, supply chain transparency, and bilateral trade relationships.
pasok, dan hubungan perdagangan bilateral.
Bagi Indonesia sebagai produsen nikel terbesar dunia, perkembangan For Indonesia, as the world’s largest nickel producer, these developments
ini menghadirkan tantangan sekaligus peluang. Tantangan muncul present both challenges and opportunities. Challenges arise in
dalam bentuk kebutuhan untuk memastikan integrasi rantai pasok ensuring supply chain integration that meets global standards and in
yang memenuhi standar global serta diversifikasi pasar ekspor. Di sisi diversifying export markets. On the other hand, the global shift toward
lain, tren global menuju penguatan rantai pasok baterai di luar Tiongkok strengthening battery supply chains outside China opens opportunities
juga membuka peluang bagi Indonesia untuk memperluas kemitraan for Indonesia to expand strategic partnerships in downstream industry
strategis dengan berbagai negara dalam pengembangan industri hilir development and EV battery ecosystem integration.
dan ekosistem baterai kendaraan listrik.
Dengan demikian, selain faktor oversupply, dinamika kebijakan Accordingly, beyond the issue of oversupply, evolving trade policies and
perdagangan dan industrial policy negara maju menjadi variabel industrial strategies in major economies constitute important external
eksternal penting yang memengaruhi arah investasi, struktur variables influencing investment direction, demand structure, and the
permintaan, serta konfigurasi rantai pasok nikel dan mineral kritis configuration of global nickel and critical mineral supply chains.
secara global.
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Analisis dan Pembahasan Manajemen
Management Discussion & Analysis
PERKEMBANGAN INDUSTRI NIKEL GLOBAL DEVELOPMENTS IN THE GLOBAL NICKEL INDUSTRY
Industri nikel global sepanjang 2025 masih berada dalam fase Throughout 2025, the global nickel industry remain in an adjustment
penyesuaian pasca ekspansi kapasitas besar-besaran dalam beberapa phase following significant capacity expansions in recent years.
tahun terakhir. Peningkatan produksi, khususnya di kawasan Asia, Increased production particularly in Asia, has led to the oversupply
menyebabkan kondisi pasar berada dalam situasi oversupply. conditions in the market.
International Nickel Study Group (INSG) memproyeksikan pasar The International Nickel Study Group (INSG) projected that the global
nikel global masih mengalami surplus sepanjang 2025. Peningkatan nickel market would remain in surplus throughout 2025. Expanding
kapasitas pengolahan menjadi produk antara seperti nickel pig iron processing capacity into intermediate products such as nickel pig iron
(NPI), nickel matte, dan Mixed Hydroxide Precipitate (MHP) memperluas (NPI), nickel matte, and Mixed Hydroxide Precipitate (MHP) further
pasokan global dan menekan keseimbangan pasar. increased global supply and pressured market balance.
Di sisi permintaan, konsumsi nikel tetap didominasi oleh industri baja On the demand side, nickel consumption remains dominated by the
nirkarat dan baterai kendaraan listrik. Industri baja nirkarat masih stainless steel and EV battery industries. The stainless steel sector is
tumbuh, meskipun pada tingkat yang lebih moderat dibandingkan still growing, albeit at a more moderate pace compared to the period of
periode ekspansi properti Tiongkok beberapa tahun sebelumnya. rapid expansion in China’s property sector several years ago.
Industri baterai kendaraan listrik terus berkembang secara global. Meanwhile, the EV battery industry continue to expand globally.
Meskipun baterai lithium iron phosphate (LFP) semakin dominan Although lithium iron phosphate (LFP) batteries increasingly
di pasar Tiongkok karena faktor biaya, baterai berbasis nikel tetap dominated the Chinese market due to cost competitiveness, nickel-
memiliki peran penting di pasar Eropa dan Amerika Serikat, khususnya based batteries maintained an important role in Europe and the United
untuk kendaraan dengan kapasitas daya lebih tinggi. Dengan demikian, States, particularly for larger vehicles requiring higher energy density.
dinamika teknologi baterai lebih mencerminkan segmentasi pasar As such, technological competition in battery chemistry reflects market
daripada pergeseran struktural permintaan nikel. segmentation rather than a structural shift in global nickel demand.
Selain dinamika harga dan keseimbangan pasokan, standar Beyond price dynamics and supply–demand balance, Environmental,
Lingkungan, Sosial, dan Tata Kelola (ESG) semakin menjadi determinan Social, and Governance (ESG) standards are increasingly becoming
penting dalam industri nikel global. Pembeli internasional, khususnya a key determinant in the global nickel industry. International buyers,
di sektor baterai kendaraan listrik dan manufaktur global, semakin particularly in the EV battery sector and global manufacturing industries,
mensyaratkan transparansi rantai pasok, kepatuhan lingkungan, serta are increasingly requiring supply chain transparency, environmental
sertifikasi keberlanjutan sebagai prasyarat akses pasar. Perkembangan compliance, and sustainability certifications as prerequisites for market
ini menunjukkan bahwa daya saing industri nikel tidak lagi hanya access. This development indicates that competitiveness in the nickel
ditentukan oleh biaya dan volume produksi, tetapi juga oleh kredibilitas industry is no longer determined solely by cost and production volume,
praktik keberlanjutan yang diterapkan. but also by the credibility of the sustainability practices implemented.
ANALISIS PERGERAKAN HARGA NIKEL 2025 ANALYSIS OF NICKEL PRICE MOVEMENTS IN 2025
Sepanjang 2025, harga nikel global menunjukkan pola konsolidasi Throughout 2025, global nickel prices exhibited a consolidation pattern
dengan kecenderungan melemah. Berdasarkan realisasi harga bulanan with a downward bias. Based on monthly price realizations on the LME
di LME hingga Desember 2025, rata-rata harga nikel tercatat sebesar through December 2025, the average nickel price stood at US$15,162
AS$15.162 per MT, turun 19,0% dibandingkan rata-rata 2024 sebesar per MT, representing a 19.0% decreased compared to the 2024 average
AS$16.814 per MT. of US$16,814 per MT.
Harga Bulanan Nikel | Nickel Monthly Price
2024 - 2025 (US$/MT)
20.000 19.587
19.000
18.000
17.000 16.766
16.104
16.066
16.000
14.884
15.000
14.000 14.671
13.000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
'24 '24 '24 '24 '24 '24 '24 '24 '24 '24 '24 '24 '25 '25 '25 '25 '25 '25 '25 '25 '25 '25 '25 '25
Sumber: World Bank Commodity Prices “Pink Sheet Data” December 2025
(https://www.worldbank.org/en/research/commodity-markets)
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Pergerakan harga sepanjang tahun relatif stabil dalam rentang terbatas. Price movements throughout the year remained relatively stable within
Harga sempat mencapai puncaknya pada Maret 2025 sebesar AS$16.066 a limited range. Prices reached a peak in March 2025 at US$16,066 per
per MT. Namun, sejak kuartal kedua, tekanan kembali muncul seiring MT. However, starting in the second quarter, downward pressure re-
berlanjutnya kondisi oversupply global. Harga melemah hingga emerged amid the continuation of global oversupply conditions. Prices
November 2025 sebelum mencatat kenaikan terbatas pada Desember weakened through November 2025 before recording a modest increase
2025 ke kisaran AS$14.884 per MT. in December 2025 to approximately US$14,884 per MT.
Kenaikan akhir tahun tersebut belum mengubah karakter umum The late-year increase did not materially alter the overall price pattern,
pergerakan harga yang masih mencerminkan pasar dengan tekanan which continued to reflect a market under supply pressure. This
pasokan. Kondisi ini konsisten dengan proyeksi World Bank dalam development is consistent with the World Bank’s projections in the
Commodity Markets Outlook Oktober 2025 yang memperkirakan October 2025 Commodity Markets Outlook, which estimated an annual
penurunan harga nikel secara tahunan sekitar 9%. decline in nickel prices of around 9%.
KEBIJAKAN PRODUKSI DAN EKSPEKTASI PASAR PRODUCTION POLICY AND MARKET EXPECTATIONS
Dalam konteks surplus pasokan global, Pemerintah Indonesia Amid the surplus of global supply, the Government of Indonesia
menyampaikan wacana penyesuaian kuota produksi melalui introduced discourse on adjusting production quotas through the
pengelolaan RKAB sebagai bagian dari upaya menjaga keseimbangan management of RKAB approvals as part of efforts to maintain market
pasar dan stabilitas harga. Isu mengenai potensi penyesuaian kuota balance and price stability. Issues regarding the potential production
produksi tersebut mulai mempengaruhi ekspektasi pasar pada kuartal quota adjustment began to influence market expectations in the fourth
keempat 2025 dan turut mendorong perbaikan harga yang bersifat quarter of 2025 and contributed to a limited price recovery extending
terbatas hingga awal 2026. into early 2026.
Sejumlah pemberitaan pada awal Januari 2026 menunjukkan Several media reports in early January 2026 indicated that nickel prices
bahwa harga nikel sempat bertahan di kisaran AS$16.000 per ton, briefly held around the US$16,000 per ton level, reflecting the market’s
mencerminkan respons pasar terhadap sinyal kebijakan produksi response to signals of Indonesian production policy adjustments and
Indonesia serta ekspektasi pengetatan pasokan. Namun demikian, expectations of tighter supply. Nevertheless, as reflected in actual
sebagaimana tercermin dalam realisasi harga sepanjang 2025, price realizations throughout 2025, this improvement remained largely
perbaikan tersebut masih bersifat reaktif terhadap sentimen pasar dan sentiment-driven and has not yet fundamentally altered the global
belum sepenuhnya mengubah struktur fundamental pasar global yang market structure, which continues to experience surplus conditions.
masih berada dalam kondisi surplus.
IMPLIKASI TERHADAP INDUSTRI DAN PERDAGANGAN IMPLICATIONS FOR THE INDUSTRY AND NATIONAL TRADE
NASIONAL
Meskipun harga nikel berada pada level yang lebih rendah dibandingkan Despite lower nickel prices compared to the previous year, nickel and
tahun sebelumnya, komoditas nikel dan produk turunannya tetap its derivative products continue to play a strategic role in Indonesia’s
memainkan peran strategis dalam perekonomian Indonesia. economy. According to BPS, Indonesia’s trade balance recorded a
Berdasarkan data BPS, surplus neraca perdagangan Indonesia surplus of US$41.05 billion for the January–December 2025 period, with
sepanjang Januari–Desember 2025 mencapai AS$41,05 miliar, dengan significant contributions from non-oil and gas commodities, including
kontribusi signifikan dari komoditas nonmigas termasuk nikel dan nickel and its downstream products.
produk hilirnya.
Program hilirisasi terus meningkatkan nilai tambah melalui produksi The downstreaming program continue to enhance value addition
feronikel, nickel matte, hingga bahan baku baterai seperti MHP. Hal through the production of ferronickel, nickel matte, and battery raw
ini memperkuat posisi Indonesia dalam rantai pasok global serta materials such as MHP. This development strengthen Indonesia’s
mendorong transformasi ekspor menuju produk bernilai tambah lebih position in the global supply chain and supported the transformation of
tinggi. exports toward higher value-added products.
Dari sisi biaya produksi, kenaikan harga sulfur sebagai bahan baku From a production cost perspective, higher sulfur prices as an essential
utama proses HPAL meningkatkan tekanan biaya operasional. input in the HPAL process, exerted upward pressure on operating
Namun kenaikan harga kobalt sebagai by-product credit membantu costs. However, the increasing of cobalt prices as a by-product credit
mengimbangi tekanan tersebut, sehingga profitabilitas industri secara helped offset this pressure, allowing overall industry profitability to be
umum masih dapat dipertahankan. maintained.
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Management Discussion & Analysis
TINJAUAN KINERJA OPERASIONAL
Operational Performance Review
Meskipun menghadapi tekanan harga komoditas global,
Perseroan mencatat kinerja operasional yang solid pada 2025.
Peningkatan kapasitas produksi dan keunggulan struktur biaya
menjadi faktor utama yang menopang ketahanan usaha.
Despite facing global commodity price pressures, the Company recorded solid operational
performance in 2025. Increased production capacity and structural cost advantages were
the primary factors supporting business resilience.
Perseroan menjalankan model usaha nikel yang terintegrasi dari The Company operates an integrated nickel business model spanning
kegiatan penambangan hingga pengolahan. Produk utama yang mining through processing activities. Its primary products are derived
dihasilkan berasal dari bijih nikel laterit, yang terdiri atas dua tipe from laterite nickel ore, which consists of two main types: limonite and
utama, yaitu limonit dan saprolit. Bijih limonit umumnya memiliki saprolite. Limonite ore typically contains approximately 1.1%–1.2%
kadar nikel sekitar 1,1%–1,2% dan berada pada lapisan yang lebih dekat nickel content and is located closer to the surface. Beneath this layer
dengan permukaan tanah. Di bawahnya terdapat bijih saprolit dengan lies saprolite ore, which generally contains higher nickel grades.
kadar nikel yang relatif lebih tinggi.
Seluruh hasil produksi bijih, baik limonit maupun saprolit, diproses di All mined ore, both limonite and saprolite, were processed at
fasilitas pengolahan yang dimiliki oleh Entitas Anak dan Entitas Asosiasi downstream facilities owned by the Company’s Subsidiaries and
Perseroan yang berlokasi di Pulau Obi. Integrasi lokasi tambang dan Associated Entities located on Obi Island. The integration of mining
smelter dalam satu kawasan memberikan keunggulan operasional, sites and processing facilities within a single industrial cluster provides
terutama dalam efisiensi logistik dan keandalan pasokan bahan baku. operational advantages, particularly in terms of logistics efficiency and
supply reliability.
Melalui Entitas Anak PT MSP, PT HJF, dan Entitas Asosiasi PT KPS, Through its Subsidiaries, PT MSP, PT HJF, and Associated Entity, PT KPS,
Perseroan mengoperasikan fasilitas smelter berbasis teknologi Rotary the Company operates smelter utilizing Rotary Kiln Electric Furnace
Kiln Electric Furnace (RKEF) untuk mengolah bijih saprolit menjadi (RKEF) technology to process saprolite ore into ferronickel (FeNi), which
ferronickel (FeNi), yang selanjutnya digunakan sebagai bahan baku is subsequently used as a key raw material in stainless steel production.
industri baja nirkarat.
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Di sisi lain, Entitas Asosiasi, PT HPL dan PT ONC mengoperasikan Meanwhile, its Associated Entities, PT HPL and PT ONC operates a
fasilitas pemurnian berteknologi HPAL untuk mengolah bijih limonit refining facility employing HPAL technology to process limonite ore into
menjadi MHP. Produk MHP tersebut kemudian dapat diproses lebih MHP. The MHP can then be further refined into nickel sulfate and cobalt
lanjut menjadi nikel sulfat dan kobalt sulfat atau kobalt elektrolitik, sulfate or electrolytic cobalt, both of which are essential raw materials
yang merupakan komponen penting dalam produksi katoda baterai for nickel-based lithium-ion battery cathodes.
lithium-ion berbasis nikel.
Industri Nikel Terintegrasi di Pulau Obi
Integrated Nickel Industry in Obi Island
Hulu Tengah Hilir
Upstream Midstream Downstream
Saprolit
FeNi Stainless Steel
Saprolite RKEF technology
Kawasan
Nikel Sulfat
Cathode Industri
Nickel Sulfate Industrial
Limonit MHP Kobalt Sulfat Precursor Estate
Limonite HPAL technology Cobalt Sulfate
atau | or EV Battery
Kobalt Elektrolitik Recycling
Electrolytic Cobalt
KETAHANAN KINERJA DI TENGAH TEKANAN HARGA GLOBAL OPERATIONAL RESILIENCE AMID GLOBAL PRICE PRESSURES
Sepanjang tahun 2025, Perseroan menjalankan operasional di tengah Throughout 2025, the Company operated amid continued pressure
dinamika harga nikel global yang masih berada dalam tekanan akibat on global nickel prices due to persistent supply surplus conditions.
surplus pasokan. Meskipun demikian, kinerja operasional Perseroan Nevertheless, the Company’s operational performance recorded
justru mencatat pertumbuhan yang solid. Hal ini terutama didukung solid growth. This achievement was primarily supported by increased
oleh peningkatan kapasitas produksi seiring dengan selesainya production capacity following the completion of phase 1 (one) and
pembangunan fase 1 (satu) dan 2 (dua) smelter PT KPS. phase 2 (two), of PT KPS’s smelter.
Dengan tambahan kapasitas tersebut, Perseroan kini memiliki kapasitas With this additional capacity, the Company now holds an annual
produksi tahunan sekitar 120.000 ton logam senyawa nikel-kobalt serta production capacity of approximately 120,000 tons of nickel-cobalt
sekitar 240.000 ton kandungan nikel dalam FeNi. Struktur kapasitas compound metal and approximately 240,000 tons of nickel content of
ini memberikan fleksibilitas produk yang seimbang antara kebutuhan FeNi. This production structure provides balanced product flexibility to
industri baja nirkarat dan rantai pasok baterai kendaraan listrik. serve both the stainless steel industry and the EV battery supply chain.
Dalam kondisi pasar saat ini, kapasitas yang dimiliki Perseroan sudah Under current market conditions, the Company’s installed capacity is
berada pada tingkat yang optimal untuk menjaga keseimbangan antara considered optimal in maintaining a balance between volume growth,
pertumbuhan volume, disiplin investasi, dan ketahanan terhadap investment discipline, and resilience against global price volatility.
volatilitas harga global.
KEUNGGULAN STRUKTUR BIAYA DAN INTEGRASI HULU– COST STRUCTURE ADVANTAGE AND UPSTREAM–
HILIR DOWNSTREAM INTEGRATION
Peningkatan kinerja Perseroan tidak hanya didorong oleh ekspansi The Company’s improved performance was driven not only by capacity
kapasitas, tetapi juga oleh keunggulan struktur biaya. Berbagai inisiatif expansion but also by its structural cost advantage. Various operational
operasional yang dijalankan selama beberapa tahun terakhir berhasil initiatives implemented over the past several years have strengthened
memperkuat posisi Perseroan sebagai produsen nikel dengan cash cost the Company’s position as a nickel producer with competitive cash
yang kompetitif di antara pelaku industri sejenis. costs among industry peers.
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Analisis dan Pembahasan Manajemen
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Keunggulan tersebut didukung oleh integrasi hulu–hilir di Pulau Obi, This advantage is supported by upstream–downstream integration
di mana lokasi konsesi pertambangan dan fasilitas pengolahan berada on Obi Island, where mining concessions and processing facilities are
dalam satu kawasan terintegrasi. Kedekatan geografis antara tambang located within a single integrated industrial cluster. The proximity
dan smelter menekan biaya logistik, meningkatkan keandalan pasokan between mines and smelters reduces logistics costs, enhances raw
bahan baku, serta mempercepat siklus produksi. material supply reliability, and shortens production cycles.
Selain itu, Perseroan secara konsisten menerapkan inovasi teknologi Furthermore, the Company consistently implements technological
dan optimalisasi proses untuk meningkatkan produktivitas dan innovation and process optimization to improve productivity and
efisiensi biaya. Pendekatan disiplin terhadap pengendalian biaya dan cost efficiency. A disciplined approach to cost control and operational
keandalan operasi menjadi faktor utama yang menjaga profitabilitas di reliability has been a key factor in sustaining profitability amid
tengah tekanan harga komoditas. commodity price pressures.
Tantangan Standar Global dan Dinamika ESG
Global Standards Challenges and ESG Dynamics
Di luar faktor harga dan kapasitas, industri nikel global pada 2025 juga
menghadapi peningkatan ekspektasi terhadap standar keberlanjutan
dan transparansi rantai pasok. Regulasi dan kebijakan di pasar
utama, khususnya Eropa dan Amerika Serikat, semakin menekankan
pentingnya praktik pertambangan dan pengolahan yang bertanggung
jawab serta ketertelusuran mineral kritis dalam rantai pasok baterai
kendaraan listrik. Perkembangan ini menjadikan standar ESG sebagai
faktor strategis dalam menjaga akses pasar jangka panjang. Daya saing
industri tidak lagi semata-mata ditentukan oleh biaya dan volume,
tetapi juga oleh kredibilitas praktik operasional dan tata kelola.
Beyond pricing and capacity factors, the global nickel industry in 2025 also faced
increasing expectations regarding sustainability standards and supply chain
transparency. Regulatory developments and policies in key markets, particularly
Europe and the United States, have placed greater emphasis on responsible mining
and processing practices and traceability of critical minerals within the EV battery
supply chain. These developments have elevated ESG standards as a strategic
factor in maintaining long-term market access. Industry competitiveness is no
longer determined solely by cost and production volume, but also by the credibility
of operational practices and governance frameworks.
PROGRES SERTIFIKASI DAN PENGUATAN PRAKTIK CERTIFICATION PROGRESS AND STRENGTHENING
BERSTANDAR INTERNASIONAL INTERNATIONAL STANDARDS
Sebagai respons terhadap dinamika ESG global, Perseroan memperkuat In response to global ESG dynamics, the Company reinforced its
komitmennya terhadap praktik pertambangan dan pengolahan commitment to internationally recognized responsible mining and
berstandar internasional melalui penerapan Responsible Minerals processing practices through the implementation of the Responsible
Initiative – Responsible Minerals Assurance Process (RMI RMAP), Minerals Initiative – Responsible Minerals Assurance Process (RMI
penguatan sistem manajemen keselamatan dan lingkungan, serta RMAP), strengthened safety and environmental management systems,
pelaksanaan audit Initiative for Responsible Mining Assurance (IRMA). and the execution of the Initiative for Responsible Mining Assurance
(IRMA) audit.
Audit kunjungan lapangan IRMA telah dilaksanakan pada 14–24 The IRMA site visit audit was conducted on April 14–24, 2025, marking
April 2025 sebagai tonggak penting dalam proses sertifikasi. Tahap an important step in the certification process. The next phase involves
selanjutnya adalah pelaksanaan tindakan perbaikan (corrective action) implementing corrective actions to address identified gaps and
guna menutup kesenjangan yang teridentifikasi dan meningkatkan enhance operational performance in accordance with IRMA standards.
kinerja operasional sesuai standar IRMA.
Memasuki tahun 2026, Perseroan memfokuskan penyelesaian Entering 2026, the Company is focusing on completing all corrective
seluruh corrective action tersebut melalui penyempurnaan prosedur, actions through procedural enhancements, strengthening internal
penguatan sistem pengendalian internal, serta peningkatan praktik control systems, and improving on-site operational practices. This
operasional di lapangan. Proses ini mencerminkan komitmen terhadap process reflects a commitment to continuous improvement rather than
perbaikan berkelanjutan, bukan sekadar pemenuhan administratif. mere administrative compliance.
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Seiring meningkatnya perhatian regulator dan pembeli di Eropa dan As regulators and buyers in Europe and the United States increasingly
Amerika Serikat terhadap keberlanjutan mineral kritis, progres menuju emphasize the sustainability of critical minerals, progress toward
standar internasional seperti IRMA menjadi faktor penting dalam international standards such as IRMA becomes an important factor in
memperkuat kredibilitas Perseroan serta menjaga akses pasar global strengthening the Company’s credibility and safeguarding long-term
dalam jangka panjang. global market access.
FOKUS UNTUK PENYELESAIAN FONDASI SERTIFIKASI DAN FOCUS ON CERTIFICATION FOUNDATION COMPLETION AND
INTEGRASI ESG ESG INTEGRATION
Tahun 2025 difokuskan pada penyelesaian implementasi seluruh In 2025, the Company concentrated on completing the implementation
strategi yang telah dijalankan pada periode 2023–2024 sebagai of strategies initiated during the 2023–2024 period as the foundation
fondasi utama proses sertifikasi. Sebagian besar program dan aktivitas for the certification process. Most operational programs and activities
operasional diarahkan untuk mendukung pencapaian dan pemenuhan during the year were directed toward achieving and fulfilling
persyaratan sertifikasi internasional. international certification requirements.
Perseroan menempatkan integrasi aspek ESG sebagai fondasi strategi The Company positions ESG integration as a foundation of its business
bisnis. Dalam perspektif manajemen, penguatan ESG merupakan strategy. From a management perspective, strengthening ESG is a
instrumen strategis untuk menjaga ketahanan usaha, memperkuat strategic instrument to enhance business resilience, reinforce global
reputasi global, serta memastikan pertumbuhan yang berkelanjutan. reputation, and ensure sustainable growth.
Pengelolaan Air dan Perjalanan
Dekarbonisasi sebagai
Prioritas Keberlanjutan
Water Management and Decarbonization Journey as
Sustainability Priorities
Sepanjang 2025, isu pengelolaan air dan carbon neutrality Throughout 2025, water management and carbon neutrality
menjadi perhatian utama pemangku kepentingan. Perseroan became key areas of stakeholder's focus. The Company
merespons dengan mendorong inovasi dan pemanfaatan responded by promoting innovation and technology
teknologi untuk meningkatkan efisiensi operasional serta utilization to improve operational efficiency while
menjaga intensitas emisi karbon serendah mungkin. Penguatan maintaining carbon emission intensity at the lowest feasible
pengelolaan air dilakukan melalui pengendalian limpasan level. Water management was strengthened through runoff
(run-off), pencegahan potensi kontaminasi, serta upaya control, prevention of potential contamination, and efforts
menjaga ketercukupan sumber daya air untuk kebutuhan to ensure the sustainability of water resources for present
saat ini dan masa depan. Pendekatan ini memastikan bahwa and future needs. This approach ensures that increased
peningkatan aktivitas produksi tetap selaras dengan prinsip production activities remain aligned with long-term
keberlanjutan jangka panjang. sustainability principles.
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STRATEGI DAN INISIATIF 2025 2025 STRATEGY AND INITIATIVES
Ketahanan operasional Perseroan selaras dengan strategi penguatan The Company’s operational resilience is aligned with the fundamental
fundamental yang telah dirumuskan manajemen, mencakup strengthening strategy formulated by management, encompassing
keamanan pasokan sumber daya, integrasi hulu–hilir yang disiplin, resource supply security, disciplined upstream–downstream integration,
keunggulan struktur biaya, penguatan organisasi, serta integrasi aspek cost structure competitiveness, organizational strengthening, and the
ESG dalam setiap keputusan bisnis. Sepanjang 2025, strategi tersebut integration of ESG principles into every business decision. Throughout
diwujudkan melalui langkah-langkah konkret yang berfokus pada 2025, this strategy was translated into concrete actions focusing on
efisiensi operasional, penguatan praktik berstandar internasional, serta operational efficiency, internationally recognized responsible practices,
peningkatan dampak sosial. and enhanced social impact.
Strategi tersebut diwujudkan melalui: The strategy was implemented through:
• Optimalisasi portofolio IUP di Pulau Obi untuk menjamin • Optimization of the IUP portfolio in Obi Island to ensure sustainable
keberlanjutan pasokan bijih; ore supply;
• Penguatan peran sebagai mitra strategis hilirisasi nasional melalui • Strengthening the Company’s role as a strategic partner in national
optimalisasi fasilitas RKEF dan HPAL; downstream development through the optimization of RKEF and
HPAL facilities;
• Peningkatan efisiensi operasional dan pengelolaan lingkungan, • Enhancing operational efficiency and environmental management,
termasuk optimalisasi proses produksi, pemanfaatan energi including process optimization, the utilization of renewable energy
terbarukan melalui Pembangkit Listrik Tenaga Surya (PLTS) 40 MWp, through a 40 MWp Solar Power Plant, strengthened reclamation
penguatan reklamasi, serta perlindungan keanekaragaman hayati efforts, and the protection of biodiversity and water quality in
dan kualitas air; operational areas;
• Penerapan praktik pertambangan dan pengolahan yang • Implementation of internationally recognized responsible mining
bertanggung jawab dan berstandar internasional melalui sertifikasi and processing practices, including RMI RMAP certification,
RMI RMAP, penguatan sistem manajemen keselamatan dan strengthened safety and environmental management systems, and
lingkungan, serta pelaksanaan audit IRMA; the execution of the Initiative for IRMA audit;
• Penguatan dampak sosial dan pengembangan masyarakat melalui • Strengthening social impact and community development
program kesehatan, pendidikan, ekonomi lokal, serta keterlibatan through programs in healthcare, education, and local economic
masyarakat sekitar sebagai bagian dari ekosistem usaha; empowerment, as well as continued community engagement as
part of the integrated business ecosystem;
• Integrasi ESG sebagai fondasi strategi bisnis; dan • Integration of ESG as a foundation of the Company’s business
strategy; and
• Inovasi berkelanjutan untuk mempertahankan posisi sebagai • Continuous innovation to maintain the Company’s position as a
produsen berbiaya rendah yang tangguh terhadap volatilitas pasar. low-cost producer resilient to market volatility.
Dengan pendekatan tersebut, Perseroan memastikan bahwa ekspansi Through this approach, the Company ensures that capacity expansion,
kapasitas, efisiensi operasional, penguatan standar keberlanjutan, serta operational efficiency, enhanced sustainability standards, and social
kontribusi sosial berjalan secara terintegrasi sebagai satu kerangka contributions are executed in an integrated manner within a unified
strategis yang utuh. strategic framework.
KINERJA OPERASIONAL 2025 OPERATIONAL PERFORMANCE 2025
Kinerja Produksi Pertambangan Mining Production Performance
Kegiatan penambangan bijih nikel Perseroan dilakukan dengan metode The Company’s nickel ore mining activities are conducted using the
tambang terbuka (open cast mining), yaitu metode penambangan di open cast mining method, whereby extraction activities are carried out
atas permukaan bumi di mana kegiatan ekstraksi dilakukan melalui at the surface through the removal of overburden to extract minerals
pembukaan lapisan tanah untuk mengambil mineral dari pit terbuka. from open pits.
Berdasarkan data MROR 2025, Perseroan memiliki estimasi total Based on the 2025 MROR data, the Company holds estimated total
cadangan dan sumber daya bijih nikel sebesar 310,8 juta WMT, terdiri nickel ore reserves and resources of approximately 310.8 million WMT,
dari 215,1 juta WMT bijih limonit dan 95,7 juta WMT bijih saprolit. comprising 215.1 million WMT of limonite ore and 95.7 million WMT of
saprolite ore.
Cadangan dan sumber daya tersebut berasal dari empat konsesi, di mana These reserves and resources originate from four concessions, three
tiga proyek telah berproduksi, yakni konsesi Perseroan serta Entitas Anak of which are currently in production: the Company’s own concession
PT GPS dan PT GTS. Satu Entitas Anak lainnya, PT JMP, belum beroperasi. and its Subsidiaries PT GPS and PT GTS. Another Subsidiary, PT JMP,
PT GTS mulai beroperasi pada semester kedua 2025 setelah penyelesaian has not yet commenced operations. PT GTS began operations in the
fasilitas mining yard dan jetty pada Juni 2025. second half of 2025 following the completion of its mining yard and
jetty facilities in June 2025.
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Hingga akhir tahun 2025, kegiatan pertambangan dari konsesi PT TBP, As of the end of 2025, mining activities from PT TBP, PT GPS, and
PT GPS, dan PT GTS mencatat volume penjualan bijih nikel sebesar PT GTS recorded total nickel ore sales of 30.59 million WMT, representing
30,59 juta WMT, meningkat 28,8% dibandingkan 23,75 juta WMT pada a 28.8% increase compared to 23.75 million WMT in 2024. The sales
tahun 2024. Volume tersebut terdiri atas: volume consisted of:
• Penjualan bijih saprolit sebesar 12,09 juta WMT dari 9,16 juta WMT • Saprolite ore sales of 12.09 million WMT, from 9.16 million WMT in
pada tahun sebelumnya; dan the previous year; and
• Penjualan bijih limonit sebesar 18,50 juta WMT dari 14,59 juta WMT • Limonite ore sales of 18.50 million WMT, from 14.59 million WMT in
pada tahun sebelumnya. the previous year.
Peningkatan penjualan saprolit didorong oleh selesainya pembangunan The increase in saprolite sales was driven by the completion of phase
smelter PT KPS fase 1 (satu) dan fase 2 (dua) pada 2025, sementara 1 (one) and phase 2 (two) of the PT KPS smelter in 2025, while the
kenaikan penjualan limonit sejalan dengan kebutuhan pasokan pabrik growth in limonite sales aligned with feedstock requirements of the
HPAL kedua, PT ONC, yang telah beroperasi penuh selama satu tahun second HPAL plant, PT ONC, which operated at full capacity for a full
dengan 3 (tiga) lini produksi. year with 3 (three) production lines.
Kinerja Produksi RKEF RKEF Production Performance
Perseroan memiliki 3 (tiga) smelter berbasis teknologi RKEF melalui The Company operates 3 (three) RKEF-based smelters through its
investasi pada PT MSP, PT HJF, dan PT KPS untuk memproduksi Nickel investments in PT MSP, PT HJF, and PT KPS to produce Nickel Pig Iron
Pig Iron (NPI). (NPI).
• PT MSP mengoperasikan 4 (empat) lini produksi dengan kapasitas • PT MSP operates 4 (four) production lines with an installed capacity
terpasang sebesar 25.000 ton kandungan nikel dalam FeNi per of 25,000 tons of nickel content in FeNi per year.
tahun.
• PT HJF memiliki 8 (delapan) lini produksi dengan kapasitas • PT HJF operates 8 (eight) production lines with an installed capacity
terpasang sebesar 95.000 ton kandungan nikel dalam FeNi per of 95,000 tons of nickel content in FeNi per year.
tahun.
• PT KPS memiliki 12 lini produksi secara keseluruhan. Fase 1 (satu) • PT KPS has a total of 12 production lines. Phase 1 (one) was
telah selesai pada kuartal I 2025 dan fase 2 (dua) pada kuartal IV completed in the first quarter of 2025 and phase 2 (two) in the
2025 sehingga total 8 (delapan) lini produksi telah beroperasi fourth quarter of 2025, resulting in 8 (eight) production lines
dengan kapasitas terpasang sebesar 120.000 ton kandungan nikel currently in operation with an installed capacity of 120,000 tons of
dalam FeNi per tahun. Fase 3 (tiga) yang terdiri dari 4 (empat) lini nickel content in FeNi per year. Phase 3 (three), consisting of 4 (four)
produksi ditargetkan selesai pada semester I 2026. additional production lines, is targeted for completion in the first
semester of 2026.
Dengan beroperasinya 8 (delapan) lini produksi PT KPS di tahun 2025, With 8 (eight) production lines of PT KPS in operation in 2025, the total
total kapasitas terpasang dari tiga smelter RKEF mencapai sekitar installed capacity from the three RKEF smelters reached approximately
240.000 ton kandungan nikel dalam FeNi per tahun. 240,000 tons of nickel content in FeNi per year.
Pada tahun 2025, volume penjualan FeNi tercatat sebesar 188.581 ton In 2025, FeNi sales volume reached 188,581 tons of nickel content in
kandungan nikel dalam FeNi, dibandingkan 126.344 ton pada tahun FeNi, compared to 126,344 tons in 2024.
2024.
Kinerja Produksi HPAL HPAL Production Performance
Perseroan memiliki fasilitas pemurnian berbasis HPAL melalui The Company operates HPAL-based refining facilities through its
investasi pada PT HPL dan PT ONC. Teknologi HPAL digunakan untuk investments in PT HPL and PT ONC. HPAL technology is used to extract
mengekstraksi kandungan nikel dan kobalt dari bijih limonit guna nickel and cobalt content from limonite ore to produce MHP, which can
menghasilkan MHP, yang selanjutnya dapat diolah menjadi produk subsequently be refined into derivative products such as nickel sulfate
turunan seperti nikel sulfat dan kobalt sulfat untuk kebutuhan baterai and cobalt sulfate for electric vehicle battery applications.
kendaraan listrik.
• PT HPL telah beroperasi sejak 2018 dengan total 3 (tiga) lini produksi • PT HPL has been operating since 2018 with 3 (three) production
dan kapasitas terpasang sebesar 55.000 ton logam senyawa nikel- lines and an installed capacity of 55,000 tons of nickel-cobalt
kobalt per tahun termasuk sekitar 6.750 ton logam kobalt. compound metal per year, including approximately 6,750 tons of
cobalt metal.
• PT ONC, yang mulai beroperasi pada Agustus 2024, memiliki 3 (tiga) • PT ONC, which commenced operations in August 2024, operates 3
lini produksi dengan kapasitas sebesar 65.000 ton logam senyawa (three) production lines with an installed capacity of 65,000 tons of
nikel-kobalt per tahun termasuk sekitar 7.500 ton logam kobalt. nickel-cobalt compound metal per year, including approximately
7,500 tons of cobalt metal.
Secara kolektif, fasilitas HPAL memiliki 6 (enam) lini produksi dengan Collectively, the HPAL facilities operate 6 (six) production lines with a
total kapasitas terpasang sebesar 120.000 ton logam senyawa nikel- combined installed capacity of 120,000 tons of nickel-cobalt compound
kobalt per tahun, termasuk sekitar 14.250 ton logam kobalt. metal per year, including approximately 14,250 tons of cobalt metal.
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Pada tahun 2025, penjualan produk MHP dan turunannya nikel sulfat In 2025, total sales of MHP and its derivatives nickel sulfate (NiSO4)
(NiSO4) mencapai 130.551 ton, meningkat 27,9% dibandingkan 102.054 reached 130.551 tons, representing an increase of 27,9% compared to
ton pada tahun 2024. Penjualan tersebut terdiri atas: 102,054 tons in 2024. The sales comprised:
• MHP sebesar 90.693 ton nikel metal dari 63.431 ton pada tahun • MHP of 90,693 tons of nickel metal, from 63,431 tons in the previous
sebelumnya; dan year; and
• NiSO4 sebesar 39.858 ton, dibandingkan 38.622 ton pada tahun • NiSO4 of 39,858 tons compared to 38,622 tons in the previous year.
sebelumnya.
Analisis Utilisasi Kapasitas dan Implikasi Terhadap Margin Capacity Utilization Analysis and Margin Implications
Peningkatan utilisasi kapasitas pada 2025 berkontribusi pada Improved capacity utilization in 2025 contributed to enhanced
perbaikan efisiensi operasional melalui optimalisasi penyerapan biaya operational efficiency through better fixed cost absorption and
tetap dan peningkatan produktivitas. Dalam konteks harga bijih nikel increased productivity. In the context of nickel ore prices consolidating
yang mengalami konsolidasi pada level lebih rendah, kemampuan at lower levels, the Company’s ability to maintain healthy utilization
Perseroan menjaga tingkat utilisasi yang sehat menjadi faktor penting rates became a key factor in preserving operating margins and cash
dalam mempertahankan margin dan arus kas operasional. flow resilience.
Struktur biaya yang kompetitif memberikan fleksibilitas bagi Perseroan A competitive cost structure provided the Company with flexibility to
untuk tetap menghasilkan kinerja yang solid meskipun siklus harga sustain solid performance despite the commodity price cycle not yet
belum sepenuhnya pulih. fully recovering.
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PROSPEK DAN RENCANA KE DEPAN
Outlook and Future Plans
Memasuki 2026, Perseroan memandang tahun ini sebagai
periode konsolidasi di tengah stabilitas pertumbuhan global
dan penyesuaian struktural industri nikel domestik. Dengan
penguatan fundamental operasional, disiplin biaya, dan
integrasi prinsip keberlanjutan, Perseroan berfokus pada
penciptaan nilai jangka panjang yang berkelanjutan.
Entering 2026, the Company views the year as a consolidation phase amid stable global
growth and structural adjustments in Indonesia’s nickel industry. By strengthening
operational fundamentals, maintaining cost discipline, and integrating sustainability
principles, the Company remains focused on delivering sustainable long-term value
creation.
PROSPEK EKONOMI GLOBAL GLOBAL ECONOMIC OUTLOOK
Berdasarkan IMF World Economic Outlook Update Januari 2026, According to the IMF World Economic Outlook Update in January 2026,
pertumbuhan ekonomi global diproyeksikan tetap resilien di level 3,1% global economic growth is projected to remain resilient at 3.1% in 2026
pada 2026 dan 3,2% pada 2027, relatif stabil dibandingkan realisasi and 3.2% in 2027, relatively stable compared to the 2025 realization.
2025.
Stabilitas ini mencerminkan keseimbangan antara sejumlah faktor This stability reflects a balance between opposing forces: on one
yang saling berlawanan: di satu sisi terdapat tekanan dari kebijakan hand, pressures stemming from shifting trade policies and geopolitical
perdagangan dan ketidakpastian geopolitik, sementara di sisi lain uncertainties; on the other, tailwinds from technology-driven
terdapat dorongan investasi teknologi, terutama terkait kecerdasan investment, particularly related to Artificial Intelligence (AI), as well as
buatan (AI), serta kondisi keuangan global yang masih relatif akomodatif. still relatively accommodative global financial conditions.
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Inflasi global diproyeksikan melanjutkan tren penurunan dari 4,1% Global inflation is projected to continue its downward trend from 4.1%
pada 2025 menjadi 3,8% pada 2026 dan 3,4% pada 2027, dengan harga in 2025 to 3.8% in 2026 and 3.4% in 2027, with energy commodity prices
komoditas energi diperkirakan turun sekitar 7% pada 2026. Volume expected to decline by approximately 7% in 2026. Global trade volume
perdagangan dunia diproyeksikan melambat menjadi 2,6% pada 2026 is projected to slow to 2.6% in 2026 before increasing again to 3.1% in
sebelum kembali meningkat ke 3,1% pada 2027. 2027.
Dari sisi kawasan, pertumbuhan emerging markets tetap solid di kisaran Regionally, growth in emerging markets is expected to remain solid in
4%–4,2%, sementara Tiongkok diproyeksikan tumbuh 4,5% pada 2026. the range of 4%–4.2%, while China is projected to grow by 4.5% in 2026.
Outlook ini mengindikasikan permintaan global untuk komoditas This outlook indicates that global demand for strategic commodities,
strategis termasuk nikel, masih memiliki fondasi yang cukup kuat, including nickel, continues to rest on a relatively solid foundation,
meskipun dalam lingkungan yang lebih selektif dan sensitif terhadap albeit within a more selective environment that is increasingly sensitive
kebijakan perdagangan. to trade policies.
Namun demikian, risiko tetap condong ke sisi bawah (downside risks), Nevertheless, risks remain tilted to the downside, particularly related
terutama terkait potensi koreksi sektor teknologi, eskalasi kebijakan to potential corrections in the technology sector, escalation of
proteksionis, volatilitas pasar keuangan, serta tekanan fiskal di protectionist policies, financial market volatility, and fiscal pressures in
sejumlah negara besar. Dengan demikian, tahun 2026 diperkirakan several major economies. As such, 2026 is expected to be a transitional
menjadi periode transisi yang menuntut disiplin kebijakan dan period requiring policy discipline and operational resilience.
ketahanan operasional.
PROSPEK INDUSTRI NIKEL: DINAMIKA RKAB DAN POTENSI NICKEL INDUSTRY OUTLOOK: RKAB DYNAMICS AND
REBALANCING PASOKAN POTENTIAL SUPPLY REBALANCING
Kebijakan Pemerintah Indonesia terkait pengendalian produksi melalui The Indonesian Government’s policy on production control through the
RKAB bijih nikel Indonesia menjadi isu struktural paling signifikan nickel ore’s RKAB mechanism has become the most significant structural
menjelang 2026. Pemerintah telah menetapkan RKAB nikel 2026 sebesar issue leading into 2026. The Government has set the 2026 nickel RKAB
sekitar 260 hingga 270 juta ton, lebih terkendali dibandingkan RKAB at approximately 260 to 270 million tons, more controlled compared to
nikel tahun 2025 dengan total produksi mencapai kisaran 364 hingga the previous year’s nickel RKAB in 2025 with total production reached
379 juta ton. Kebijakan ini ditujukan untuk menjaga keseimbangan around 364 to of 379 million tons. This policy aims to maintain supply-
pasokan, mendukung stabilitas harga, serta memperkuat tata kelola demand balance, support price stability, and strengthen governance
sektor pertambangan. within the mining sector.
Pengetatan volume produksi diperkirakan berkontribusi pada proses The tightening of production volumes is expected to contribute to
rebalancing pasar global nikel, terutama setelah periode oversupply the rebalancing of the global nickel market, particularly following the
yang menekan harga pada 2023–2024. Sejumlah analis memperkirakan oversupply period that pressured prices during 2023–2024. Several
bahwa pengendalian pasokan, ditambah dengan potensi keterlambatan analysts estimate that supply discipline, combined with potential
penerbitan RKAB di awal tahun, dapat mempercepat pemulihan harga delays in RKAB issuance at the beginning of the year, could accelerate
nikel internasional menuju level yang lebih berkelanjutan. the recovery of international nickel prices toward more sustainable
levels.
Bagi pelaku usaha yang memiliki cadangan berkualitas, integrasi hilir For industry players with quality reserves, strong downstream
yang kuat, serta struktur biaya yang kompetitif, dinamika ini berpotensi integration, and competitive cost structures, these dynamics may
menjadi momentum penguatan margin dan peningkatan daya tawar. present an opportunity to strengthen margins and enhance bargaining
Namun, pembatasan produksi juga menuntut optimalisasi portofolio power. However, production constraints also require optimization
tambang, efisiensi logistik, serta sinkronisasi yang presisi antara of mine portfolios, logistics efficiency, and precise synchronization
tambang dan fasilitas pengolahan. between mining operations and processing facilities.
PROSPEK DAN STRATEGI PERSEROAN THE COMPANY’S OUTLOOK AND STRATEGY
Memasuki 2026, Perseroan melihat tahun tersebut sebagai fase Entering 2026, the Company views the year as a phase of consolidation
konsolidasi dan penguatan fundamental operasional, seiring and operational fundamental strengthening, in line with the
dengan semakin matangnya infrastruktur hilirisasi di Pulau Obi serta increasing maturity of downstream infrastructure in Obi Island and the
optimalisasi lini produksi RKEF dan HPAL. optimization of RKEF and HPAL production lines.
Perseroan telah menetapkan 3 (tiga) prioritas strategis utama untuk The Company has established 3 (three) main strategic priorities for
2026: 2026:
1. Menempatkan Keberlanjutan Sebagai Standar Kerja 1. Positioning Sustainability As A Working Standard
Perseroan akan memastikan prinsip ESG terintegrasi dalam The Company will ensure that ESG principles are integrated into
pengambilan keputusan, pengelolaan risiko, serta praktik decision-making, risk management, and day-to-day operational
operasional sehari-hari. Pendekatan ini tidak hanya untuk practices. This approach is not only intended to meet regulatory
memenuhi ekspektasi regulator dan pemangku kepentingan and global stakeholder expectations, but also to strengthen the
global, tetapi juga untuk memperkuat lisensi sosial dan daya saing Company’s social license to operate and long-term competitiveness
jangka panjang di pasar baterai kendaraan listrik yang semakin in the EV battery market, which increasingly demands supply chain
menuntut transparansi dan keberlanjutan rantai pasok. transparency and sustainability.
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2. Menguatkan Ketahanan dan Daya Saing Operasi 2. Strengthening Operational Resilience and Competitiveness
Fokus diarahkan pada: Focus will be directed toward:
• Disiplin pengendalian biaya; • Cost control discipline;
• Peningkatan keandalan proses produksi; dan • Enhancing process reliability; and
• Penyelesaian proyek secara tepat waktu, tepat mutu, dan tepat • Delivering projects on time, with the required quality standards
standar keselamatan. and safety compliance.
Dalam konteks pengendalian RKAB dan potensi volatilitas harga, In the context of RKAB control and potential price volatility, cost
ketahanan struktur biaya menjadi faktor utama untuk menjaga structure resilience is a key factor in maintaining profitability
profitabilitas dan arus kas. Integrasi tambang–smelter yang and cash flow stability. The integrated mine–smelter ecosystem
telah terbangun di Pulau Obi memberikan fondasi penting untuk established in Obi Island provides a strong foundation to enhance
meningkatkan utilisasi dan efisiensi. utilization and operational efficiency.
3. Membangun Organisasi yang Tangguh dan Adaptif 3. Building A Resilient and Adaptive Organization
Penguatan sumber daya manusia dilakukan dalam lingkungan Human capital development will be carried out within an inclusive
kerja yang inklusif dan kolaboratif, berlandaskan nilai-nilai and collaborative work environment, guided by HARITA’s core
HARITA yaitu Humility, Achievement Oriented, Respect, Integrity, values such as Humility, Achievement Oriented, Respect, Integrity,
Teamwork, dan Accountability. Teamwork, and Accountability.
Perseroan mendorong budaya pembelajaran berkelanjutan serta The Company promotes a culture of continuous learning and
perbaikan proses yang konsisten, sehingga organisasi mampu consistent process improvement, enabling the organization to
merespons dinamika industri secara adaptif dan bertanggung respond to industry dynamics in an adaptive and responsible
jawab. manner.
PENUTUP CLOSING
Tahun 2026 diproyeksikan sebagai periode yang menuntut The year 2026 is projected to require a balance between prudence and
keseimbangan antara kehati-hatian dan optimisme terukur. Di tengah measured optimism. Amid moderate global growth stability, domestic
stabilitas pertumbuhan global yang moderat, pengendalian produksi production control through the RKAB mechanism has the potential
domestik melalui RKAB berpotensi menciptakan fondasi pasar nikel to create a healthier and more sustainable foundation for the nickel
yang lebih sehat dan berkelanjutan. market.
Dengan fondasi operasional yang semakin kuat, integrasi hilirisasi With increasingly solid operational fundamentals, mature downstream
yang matang, serta komitmen terhadap keberlanjutan dan tata kelola integration, and a firm commitment to sustainability and disciplined
yang disiplin, Perseroan optimistis dapat terus bertumbuh secara governance, the Company remains confident in its ability to continue
berkelanjutan dan berkontribusi nyata terhadap penguatan industri growing sustainably and contributing meaningfully to the strengthening
nikel Indonesia. of Indonesia’s nickel industry.
Tahun 2026 menjadi fase konsolidasi untuk bergerak maju secara The year 2026 marks a consolidation phase to move forward in a
terarah, bersama sebagai satu entitas yang saling menjaga, saling focused manner—together as one unified entity, mutually safeguarding,
menguatkan, dan bertanggung jawab terhadap masa depan industri. strengthening, and taking responsibility for the future of the industry.
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TINJAUAN KEUANGAN
Financial Overview
Kinerja keuangan Perseroan pada tahun 2025 menunjukkan
pertumbuhan yang solid, didukung oleh peningkatan volume
penjualan, efisiensi operasional, serta kontribusi signifikan
dari Entitas Asosiasi, di tengah dinamika industri yang masih
menantang.
The Company’s financial performance in 2025 demonstrated solid growth, supported
by increased sales volume, operational efficiency, and significant contributions from
Associated Entities, amid a still challenging industry environment.
Tinjauan keuangan ini disusun berdasarkan Laporan Keuangan This financial review is prepared based on the Consolidated Financial
Konsolidasian Perseroan dan Entitas Anaknya untuk tahun yang Statements of the Company and its Subsidiaries for the year ended
berakhir pada 31 Desember 2025, yang telah diaudit oleh Kantor December 31, 2025, which have been audited by Public Accounting Firm
Akuntan Publik Purwanto Susanti dan Surja dengan opini wajar Purwanto Susanti dan Surja with an unqualified opinion. The financial
tanpa pengecualian. Laporan tersebut menyajikan secara wajar, statements present fairly, in all material respects, the consolidated
dalam semua hal yang material, untuk posisi keuangan konsolidasian financial position of the Company as of December 31, 2025, as well as
Perseroan per 31 Desember 2025, serta kinerja keuangan dan arus kas its consolidated financial performance and cash flows for the year then
konsolidasiannya untuk tahun yang berakhir pada tanggal tersebut, ended, in accordance with Indonesian Financial Accounting Standards.
sesuai dengan Standar Akuntansi Keuangan di Indonesia.
Pemahaman atas tinjauan keuangan ini perlu dilakukan dengan The understanding of this financial review should be read in conjunction
mengacu pada Catatan atas Laporan Keuangan Konsolidasian sebagai with the Notes to the Consolidated Financial Statements, which form an
bagian yang tidak terpisahkan dari Laporan Tahunan ini. integral part of this Annual Report.
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Laporan Posisi Keuangan Konsolidasian
Consolidated Statements of Financial Position
dalam miliar Rupiah, kecuali disebutkan lain | in billions of IDR, unless otherwise stated
Kenaikan | (Penurunan)
Increase | (Decrease)
Uraian 2025 2024 Description
Nominal %
Aset lancar 14.159 13.465 694 5,2 Current assets
Aset tidak lancar 47.611 38.789 8.822 22,7 Non-current assets
Jumlah aset 61.770 52.254 9.516 18,2 Total assets
Liabilitas jangka pendek 6.657 5.854 803 13,7 Current liabilities
Liabilitas jangka panjang 8.357 9.946 (1.589) (16,0) Non-current liabilities
Jumlah liabilitas 15.014 15.800 (786) (5,0) Total liabilities
Ekuitas 46.756 36.454 10.302 28,3 Equity
Kepentingan non-pengendali 8.106 5.968 2.138 35,8 Non-controlling interest
Jumlah liabilitas dan ekuitas 61.770 52.254 9.516 18,2 Total liabilities and equity
ASET ASSETS
Jumlah aset Perseroan pada tanggal 31 Desember 2025 tercatat sebesar The Company's total assets as of December 31, 2025 amounted to
Rp61.770 miliar, meningkat 18,2% dibandingkan Rp52.254 miliar pada IDR61,770 billion, an increase of 18.2% compared to IDR52,254 billion
periode yang sama tahun sebelumnya. Peningkatan ini didorong oleh in the same period of the previous year. This increase was driven by
pertumbuhan pada aset lancar dan aset tidak lancar, masing-masing growth in both current assets and non-current assets, which rose by
sebesar 5,2% dan 22,7%. 5.2% and 22.7%, respectively.
Komposisi Jumlah Aset, 2024-2025
Composition of Total Assets, 2024-2025
26% 23%
Aset Lancar
Current Assets 2024 2025
Aset Tidak Lancar 74% 77%
Non-current Assets
Aset Lancar Current Assets
Aset lancar tercatat sebesar Rp14.159 miliar, meningkat 5,2% Current assets amounted to IDR14,159 billion, an increase of 5.2%
dibandingkan Rp13.465 miliar pada tahun 2024. Kenaikan ini terutama compared to IDR13,465 billion in 2024. The increase was primarily
didorong oleh peningkatan piutang usaha sebesar 25,7% dari Rp1.542 driven by higher trade receivables, which rose by 25.7% from IDR1,542
miliar menjadi Rp1.938 miliar, serta persediaan yang meningkat 13,9% billion to IDR1,938 billion, as well as an increase in inventories by 13.9%
dari Rp5.158 miliar menjadi Rp5.876 miliar. from IDR5,158 billion to IDR5,876 billion.
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Sebaliknya, kas dan bank mengalami penurunan sebesar 7,2% dari On the other hand, cash and banks decreased by 7.2% from IDR6,486
Rp6.486 miliar menjadi Rp6.016 miliar, terutama mencerminkan billion to IDR6,016 billion, primarily reflecting the use of cash to support
penggunaan kas untuk mendukung ekspansi investasi, khususnya pada investment expansion, particularly in Associated Entities, as well as
Entitas Asosiasi, serta pembayaran dividen dan pelunasan sebagian dividend payments and partial repayment of long-term bank loans.
utang bank jangka panjang.
Aset Tidak Lancar Non-Current Assets
Aset tidak lancar tercatat sebesar Rp47.611 miliar, meningkat 22,7% Non-current assets amounted to IDR47,611 billion, an increase of
dibandingkan Rp38.789 miliar pada tahun 2024. Peningkatan ini 22.7% compared to IDR38,789 billion in 2024. The increase was mainly
terutama berasal dari kenaikan investasi pada Entitas Asosiasi seiring attributable to higher investment in Associated Entities in line with their
dengan kinerja Entitas Asosiasi yang semakin kuat. improved performance.
LIABILITAS LIABILITIES
Jumlah liabilitas Perseroan per 31 Desember 2025 tercatat sebesar Total liabilities as of December 31, 2025 amounted to IDR15,014 billion,
Rp15.014 miliar, menurun 5,0% dibandingkan Rp15.800 miliar pada a decrease of 5.0% compared to IDR15,800 billion in the same period
periode yang sama ditahun sebelumnya. Penurunan ini terutama of the previous year. This decrease was due to a 16.0% reduction in
disebabkan oleh berkurangnya liabilitas jangka panjang sebesar 16,0%, non-current liabilities, partially offset by a 13.7% increase in current
meskipun sebagian diimbangi oleh kenaikan liabilitas jangka pendek liabilities.
sebesar 13,7%.
Komposisi Jumlah Liabilitas, 2024-2025
Composition of Total Liabilities, 2024-2025
37% 44%
Liabilitas Jangka Pendek
Current Liabilities
2024 2025
Liabilitas Jangka Panjang
Non-current Liabilities 63% 56%
Liabilitas Jangka Pendek Current Liabilities
Liabilitas jangka pendek tercatat sebesar Rp6.657 miliar, meningkat Current liabilities amounted to IDR6,657 billion, an increase of 13.7%
13,7% dibandingkan Rp5.854 miliar pada tahun 2024. Peningkatan ini compared to IDR5,854 billion in 2024. This increase was mainly due to:
terutama dipengaruhi oleh:
• Kenaikan utang usaha sebesar 45,1% dari Rp1.246 miliar menjadi • A 45.1% increase in trade payables from IDR1,246 billion to IDR1,808
Rp1.808 miliar; billion;
• Kenaikan beban akrual sebesar 135,2% dari Rp105 miliar menjadi • A 135.2% increase in accrued expenses from IDR105 billion to
Rp247 miliar; IDR247 billion;
• Kenaikan liabilitas imbalan kerja jangka pendek sebesar 59,5% dari • A 59.5% increase in short-term employee benefits liabilities from
Rp158 miliar menjadi Rp252 miliar; serta IDR158 billion to IDR252 billion; and
• Kenaikan utang bank jangka pendek sebesar 11,7% dari Rp1.672 • An 11.7% increase in short-term bank loans from IDR1,672 billion to
miliar menjadi Rp1.867 miliar. IDR1,867 billion.
Liabilitas Jangka Panjang Non-Current Liabilities
Liabilitas jangka panjang tercatat sebesar Rp8.357 miliar, menurun Non-current liabilities amounted to IDR8,357 billion, a decrease of
16,0% dibandingkan Rp9.946 miliar pada tahun 2024. Penurunan ini 16.0% compared to IDR9,946 billion in 2024. This decrease was mainly
terutama disebabkan oleh berkurangnya utang bank jangka panjang due to a 17.7% reduction in long-term bank loans from IDR9,130 billion
sebesar 17,7% dari Rp9.130 miliar menjadi Rp7.514 miliar. to IDR7,514 billion.
EKUITAS EQUITY
Jumlah ekuitas Perseroan per 31 Desember 2025 tercatat sebesar The Company's total equity as of December 31, 2025 amounted to
Rp46.756 miliar, meningkat 28,3% dibandingkan Rp36.454 miliar pada IDR46,756 billion, an increase of 28.3% compared to IDR36,454 billion
periode yang sama tahun 2024. Peningkatan ini terutama didorong in the same period of the previous year. This increase was primarily
oleh kenaikan saldo laba sebesar 58,4% dari Rp12.074 miliar menjadi driven by 58.4% increase in retained earnings from IDR12,074 billion to
Rp19.126 miliar, serta peningkatan penghasilan komprehensif lain IDR19,126 billion, as well as an 82.3% increase in other comprehensive
sebesar 82,3% dari Rp1.443 miliar menjadi Rp2.630 miliar. income from IDR1,443 billion to IDR2,630 billion.
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Laporan Laba Rugi dan Penghasilan Komprehensif Lain Konsolidasian
Consolidated Statement of Profit or Loss and Other Comprehensive Income
dalam miliar Rupiah, kecuali disebutkan lain | in billions of IDR, unless otherwise stated
Kenaikan | (Penurunan)
Increase | (Decrease)
Uraian 2025 2024 Description
Nominal %
Pendapatan dari kontrak dengan 29.633 26.965 2.668 9,9 Revenue from contracts with
pelanggan customers
Beban pokok penjualan (19.941) (18.518) (1.423) 7,7 Cost of goods sold
Laba bruto 9.692 8.447 1.245 14,7 Gross profit
Beban usaha (1.307) (1.281) (26) 2,0 Operating expenses
Laba usaha 8.385 7.166 1.219 17,0 Operating profit
Bagian atas laba Entitas Asosiasi 4.091 2.013 2.078 103,2 Share in profit of Associate Entities
Laba tahun berjalan 10.970 7.712 3.258 42,2 Profit for the year
Penghasilan komprehensif lain 1.458 2.539 (1.081) (42,6) Other comprehensive income for
tahun berjalan, setelah pajak the year, net of tax
Jumlah penghasilan komprehensif 12.428 10.251 2.177 21,2 Total comprehensive income for
tahun berjalan the year
Laba tahun berjalan yang dapat Profit for the year attributable to:
diatribusikan kepada:
Pemilik entitas induk 8.951 6.379 2.572 40,3 Owners of the parent company
Kepentingan non-pengendali 2.019 1.333 686 51,5 Non-controlling interests
Jumlah 10.970 7.712 3.258 42,2 Total
Jumlah penghasilan komprehensif Total comprehensive income for the
tahun berjalan yang dapat year attributable to:
diatribusikan kepada:
Pemilik entitas induk 10.153 8.675 1.478 17,0 Owners of the parent company
Kepentingan non-pengendali 2.275 1.576 699 44,3 Non-controlling interests
Jumlah 12.428 10.251 2.177 21,2 Total
Laba per saham dasar (angka 142.02 101.10 41 40,5 Basic earnings per share (full
penuh) amount)
PENDAPATAN DARI KONTRAK DENGAN PELANGGAN REVENUE FROM CONTRACTS WITH CUSTOMERS
Perseroan membukukan pendapatan dari kontrak dengan pelanggan The Company recorded revenue from contracts with customers of
sebesar Rp29.633 miliar pada tahun 2025, meningkat 9,9% IDR29,633 billion in 2025, representing a 9.9% increase compared to
dibandingkan Rp26.965 miliar pada tahun 2024. IDR26,965 billion in 2024.
Pendapatan tersebut berasal dari segmen penambangan nikel sebesar This revenue was contributed by the nickel mining segment amounting
Rp7.178 miliar, meningkat 88,8% dibandingkan Rp3.801 miliar, to IDR7,178 billion, an increase of 88.8% compared to IDR3,801 billion,
sementara itu segmen pengolahan nikel sebesar Rp22.455 miliar, meanwhile the nickel processing segment amounting to IDR22,455
menurun 3,1% dibandingkan Rp23.164 miliar pada tahun 2024. billion, a decrease of 3.1% compared to IDR23,164 billion in 2024.
Kontribusi Segmen Usaha terhadap
Pendapatan dari Kontrak dengan
14%
Pelanggan, 2024-2025 24%
Business Segment Contribution to Revenue
from Contracts with Customers, 2024-2025
2024 2025
Penambangan Nikel Pengolahan Nikel
Nickel Mining Nickel Processing 86% 76%
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BEBAN POKOK PENJUALAN COST OF GOODS SOLD
Beban pokok penjualan tercatat sebesar Rp19.941 miliar, meningkat Cost of goods sold amounted to IDR19,941 billion, an increase of 7.7%
7,7% dibandingkan Rp18.518 miliar pada tahun sebelumnya. compared to IDR18,518 billion in the previous year. This increase was
Peningkatan ini sejalan dengan kenaikan biaya produksi, baik biaya in line with higher production costs, both direct and indirect, driven by
produksi langsung maupun tidak langsung, yang didorong oleh increased production volume.
peningkatan volume produksi.
Kenaikan biaya produksi langsung terutama dipengaruhi oleh The rise in direct production costs was mainly attributable to higher raw
peningkatan biaya bahan baku, aktivitas pertambangan, serta tenaga material costs, increased mining activities, and direct labor expenses.
kerja langsung. Sementara itu, kenaikan biaya produksi tidak langsung Meanwhile, the increase in indirect production costs was primarily
terutama berasal dari peningkatan beban penyusutan aset tetap, driven by higher depreciation of fixed assets, repairs and maintenance,
perbaikan dan pemeliharaan, biaya pabrikasi, serta pajak dan perizinan. manufacturing overhead, as well as taxes and licensing expenses.
LABA BRUTO GROSS PROFIT
Perseroan membukukan laba bruto sebesar Rp9.692 miliar, meningkat The Company recorded gross profit of IDR9,692 billion, an increase of
14,7% dibandingkan Rp8.447 miliar pada tahun 2024. Marjin laba bruto 14.7% compared to IDR8,447 billion in 2024. Gross profit margin also
juga mengalami peningkatan dari 31,3% menjadi 32,7%, mencerminkan increased from 31.3% to 32.7%, reflecting a better operational efficiency
perbaikan efisiensi operasional dan pengelolaan biaya produksi yang and more effective cost management.
lebih optimal.
BEBAN USAHA DAN LABA USAHA OPERATING EXPENSES AND OPERATING PROFIT
Beban usaha meningkat secara moderat sebesar 2,0% dari Rp1.281 Operating expenses increased moderately by 2.0% from IDR1,281 billion
miliar menjadi Rp1.307 miliar. Peningkatan ini terutama dipengaruhi to IDR1,307 billion. The increase was mainly driven by a significant rise
oleh kenaikan signifikan pada beban lainnya dari Rp3 miliar menjadi in other expenses from IDR3 billion to IDR107 billion, as well as a 78.8%
Rp107 miliar, serta penurunan penghasilan lainnya sebesar 78,8% decreased in other income from IDR312 billion to IDR66 billion. This
dari Rp312 miliar menjadi Rp66 miliar. Kenaikan tersebut sebagian increase was partially offset by a 20.4% decrease in selling, general and
diimbangi oleh penurunan beban penjualan, umum, dan administrasi administrative expenses.
sebesar 20,4%.
Di tengah peningkatan beban usaha tersebut, Perseroan mampu Despite the increase in operating expenses, the Company maintained
menjaga profitabilitas operasional, tercermin dari laba usaha yang its operational profitability, as reflected in operating profit which rose
meningkat 17,0% menjadi Rp8.385 miliar dari Rp7.166 miliar pada by 17.0% to IDR8,385 billion from IDR7,166 billion in the previous year.
tahun sebelumnya.
KONTRIBUSI LABA DARI ENTITAS ASOSIASI SHARE OF PROFIT FROM ASSOCIATES
Kontribusi laba dari Entitas Asosiasi meningkat signifikan, dengan The contribution from Associated Entities increased significantly, with
Perseroan mencatat bagian atas laba sebesar Rp4.091 miliar, atau naik the Company recording a share of profit of IDR4,091 billion, increase
103,2% dibandingkan Rp2.013 miliar pada tahun sebelumnya. 103.2% compared to IDR2,013 billion in the previous year.
LABA TAHUN BERJALAN PROFIT FOR THE YEAR
Perseroan telah mencatat laba tahun berjalan sebesar Rp10.970 miliar The Company has recorded profit for the year of IDR10,970 billion in
pada tahun 2025, meningkat 42,2% dibandingkan Rp7.712 miliar pada 2025, an increase of 42.2% compared to IDR7,712 billion in 2024.
tahun 2024.
JUMLAH PENGHASILAN KOMPREHENSIF TAHUN BERJALAN TOTAL COMPREHENSIVE INCOME FOR THE YEAR
Perseroan mencatat penghasilan komprehensif lain sebesar Rp1.458 The Company recorded other comprehensive income of IDR1,458 billion
miliar pada tahun 2025, menurun 42,6% dibandingkan Rp2.539 miliar in 2025, a decrease of 42.6% compared to IDR2,539 billion in 2024. This
pada tahun 2024. Penurunan ini terutama disebabkan oleh tidak adanya decreased was mainly due to the absence of changes in the fair value of
perubahan nilai aset keuangan pada nilai wajar melalui penghasilan financial assets through other comprehensive income, compared to a
komprehensif lain, dibandingkan dengan kontribusi sebesar Rp1.513 contribution of IDR1,513 billion in the previous year.
miliar pada tahun sebelumnya.
Dengan demikian, jumlah penghasilan komprehensif tahun berjalan Accordingly, total comprehensive income for the year amounted to
tercatat sebesar Rp12.428 miliar, meningkat 21,2% dibandingkan IDR12,428 billion, an increase of 21.2% compared to IDR10,251 billion
Rp10.251 miliar pada tahun 2024. in 2024.
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Laporan Arus Kas Konsolidasian
Statements of Consolidated Cash Flows
dalam miliar Rupiah, kecuali disebutkan lain | in billions of IDR, unless otherwise stated
Kenaikan | (Penurunan)
Increase | (Decrease)
Uraian 2025 2024 Description
Nominal %
Kas neto yang diperoleh dari 8.601 5.708 2.893 50,7 Net cash provided by operating
aktivitas operasi activities
Kas neto yang digunakan untuk (4.791) (2.272) (2.519) 110,9 Net cash used in investing activities
aktivitas investasi
Kas neto yang digunakan untuk (4.504) (1.087) (3.417) 314,4 Net cash used in financing activities
aktivitas pendanaan
Kenaikan (penurunan) neto kas (695) 2.349 (3.044) (129,6) Net increase (decrease) in cash on
dan bank hand and in banks
Dampak neto perubahan nilai tukar 225 202 23 11,4 Net effect of changes in exchange
atas kas dan bank rates on cash on hand and in banks
Kas dan bank pada awal tahun 6.486 3.935 2.551 64,8 Cash on hand and in banks at
beginning of year
Kas dan bank pada akhir tahun 6.016 6.486 (470) (7,2) Cash on hand and in banks at end
of year
ARUS KAS DARI AKTIVITAS OPERASI CASH FLOWS FROM OPERATING ACTIVITIES
Kas dari aktivitas operasi terutama berasal dari penerimaan kas dari Cash flows from operating activities were primarily derived from
pelanggan sebesar Rp29.269 miliar (2024: Rp26.082 miliar), serta cash receipts from customers amounting to IDR29,269 billion (2024:
penerimaan pendapatan bunga, restitusi pajak, dan penghasilan IDR26,082 billion), as well as receipt from interest income, tax refund
lainnya sebesar Rp489 miliar (2024: Rp641 miliar). and other income totaling IDR489 billion (2024: IDR641 billion).
Kas tersebut digunakan untuk pembayaran kepada pemasok These cash inflows were utilized for payments to suppliers amounting
sebesar Rp15.189 miliar (2024: Rp15.698 miliar), pembayaran kepada to IDR15,189 billion (2024: IDR15,698 billion), payments to employees
karyawan sebesar Rp2.729 miliar (2024: Rp2.665 miliar), pembayaran of IDR2,729 billion (2024: IDR2,665 billion), other operating expenses of
beban operasional lainnya sebesar Rp568 miliar (2024: Rp668 miliar), IDR568 billion (2024: IDR668 billion), corporate income tax payments of
pembayaran pajak penghasilan sebesar Rp1.224 miliar (2024: Rp1.142 IDR1,224 billion (2024: IDR1,142 billion), and royalty payments to the
miliar), serta pembayaran royalti kepada pemerintah sebesar Rp1.446 government of IDR1,446 billion (2024: IDR842 billion).
miliar (2024: Rp842 miliar).
Dengan demikian, pada akhir tahun 2025 Perseroan mencatat arus Accordingly, in 2025 the Company recorded net cash generated from
kas bersih yang diperoleh dari aktivitas operasi sebesar Rp8.601 miliar, operating activities of IDR8,601 billion, a significant increase compared
meningkat signifikan dibandingkan tahun 2024 sebesar Rp5.708 miliar. to IDR5,708 billion in 2024. This increase was mainly driven by higher
Peningkatan ini terutama didorong oleh pertumbuhan penerimaan customer receipts and the optimization in payments to suppliers and
dari pelanggan serta optimalisasi pembayaran kepada pemasok dan employees, despite higher royalty payments in line with improved
karyawan, meskipun terdapat peningkatan pembayaran royalti seiring operational performance.
dengan kenaikan kinerja operasional.
ARUS KAS DARI AKTIVITAS INVESTASI CASH FLOWS FROM INVESTING ACTIVITIES
Kas dari aktivitas investasi terutama berasal dari penerimaan dividen Cash flows from investing activities were primarily derived
dari Entitas Asosiasi sebesar Rp1.980 miliar (2024: Rp1.438 miliar), serta from dividends received from Associated Entities amounting
hasil dari pelepasan aset, dan transaksi lainnya total sebesar Rp2 miliar to IDR1,980 billion (2024: IDR1,438 billion), as well as proceeds
(2024: Rp86 miliar). from asset disposals, and other transactions totaling
IDR2 billion (2024: IDR86 billion).
Kas tersebut digunakan untuk penambahan investasi pada Entitas These cash flows were used for additional investments in Associated
Asosiasi sebesar Rp5.085 miliar (2024: Rp2.311 miliar), penempatan Entities amounting to IDR5,085 billion (2024: IDR2,311 billion),
investasi pada instrumen utang sebesar Rp750 miliar (2024: nihil), serta placement of investment in debt instruments of IDR750 billion (2024:
perolehan aset tetap dan pengembangan aset operasional lainnya nil), as well as acquisition of fixed assets and development of other
sebesar Rp939 miliar (2024: Rp1.305 miliar). operational assets totaling IDR939 billion (2024: IDR1,305 billion).
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Dengan demikian, pada akhir tahun 2025 Perseroan mencatat arus Accordingly, in 2025 the Company recorded net cash used in investing
kas bersih yang digunakan untuk aktivitas investasi sebesar Rp4.791 activities of IDR4,791 billion, higher than IDR2,272 billion in 2024.
miliar, meningkat dibandingkan tahun 2024 sebesar Rp2.272 miliar. This reflects the Company’s expansion initiatives, particularly in
Peningkatan ini mencerminkan langkah ekspansi Perseroan, khususnya strengthening investments in Associated Entities and enhancing
dalam memperkuat investasi pada Entitas Asosiasi dan pengembangan operational capacity.
kapasitas operasional.
ARUS KAS DARI AKTIVITAS PENDANAAN CASH FLOWS FROM FINANCING ACTIVITIES
Kas dari aktivitas pendanaan terutama berasal dari penerimaan utang Cash flows from financing activities were primarily derived from
bank jangka pendek sebesar Rp492 miliar (2024: Rp1.585 miliar). proceeds of short-term bank loans amounting to IDR492 billion (2024:
Perseroan tidak melakukan penarikan utang bank jangka panjang IDR1,585 billion). The Company did not draw down long-term bank
maupun penambahan kas yang dibatasi penggunaannya pada loans nor increase restricted cash in 2025, in contrast to the previous
tahun 2025, berbeda dengan tahun sebelumnya yang mencatatkan year which recorded significant additions totaling IDR11,971 billion
penambahan signifikan dengan nilai total sebesar Rp11.971 miliar dari from these sources.
kedua sumber pendanaan tersebut.
Kas tersebut digunakan untuk pembayaran dividen kepada pemegang These cash flows were used for dividend payments to shareholders
saham sebesar Rp1.914 miliar (2024: Rp1.686 miliar), pembayaran amounting to IDR1,914 billion (2024: IDR1,686 billion), repayment
pinjaman bank jangka panjang sebesar Rp1.716 miliar (2024: Rp8.816 of long-term bank loans of IDR1,716 billion (2024: IDR8,816 billion),
miliar), pembayaran biaya keuangan sebesar Rp650 miliar (2024: Rp932 payment of finance costs of IDR650 billion (2024: IDR932 billion),
miliar), pembayaran pinjaman bank jangka pendek sebesar Rp499 repayment of short-term bank loans of IDR499 billion (2024: IDR2,029
miliar (2024: Rp2.029 miliar), serta aktivitas pendanaan lainnya total billion), including other financing activities totaling IDR217 billion
sebesar Rp217 miliar (2024: Rp1.180 miliar). (2024: IDR1,180 billion).
Dengan demikian, pada akhir tahun 2025 Perseroan telah mencatat Accordingly, in 2025 the Company has recorded net cash flow used in
arus kas bersih yang digunakan untuk aktivitas pendanaan sebesar financing activities of IDR4,504 billion, higher than IDR1,087 billion in
Rp4.504 miliar, meningkat dibandingkan penggunaan arus kas pada 2024. This primarily reflects the Company’s strategy to reduce debt
tahun 2024 sebesar Rp1.087 miliar. Hal ini terutama mencerminkan exposure while maintaining dividend distributions to shareholders.
strategi Perseroan dalam menurunkan eksposur utang serta distribusi
dividen kepada pemegang saham.
KAS DAN SETARA KAS AKHIR TAHUN CASH AND CASH EQUIVALENTS AT YEAR-END
Dengan memperhitungkan arus kas dari aktivitas operasi, investasi, Taking into account cash flows from operating, investing, and financing
dan pendanaan, Perseroan mencatat penurunan kas dan bank sebesar activities, the Company recorded a decrease in cash on hand and in
Rp695 miliar pada tahun 2025, dibandingkan dengan peningkatan banks of IDR695 billion in 2025, compared to an increase of IDR2,350
sebesar Rp2.350 miliar pada tahun 2024. billion in 2024.
Setelah memperhitungkan dampak perubahan nilai tukar sebesar After considering the impact of foreign exchange differences amounting
Rp225 miliar, posisi kas dan bank pada akhir tahun 2025 tercatat to IDR225 billion, cash and banks at the end of 2025 amounted to
sebesar Rp6.016 miliar, menurun dibandingkan Rp6.486 miliar pada IDR6,016 billion, decreasing from IDR6,486 billion at the end of 2024.
akhir tahun 2024.
ANALISIS PROFITABILITAS PROFITABILITY ANALYSIS
Kinerja profitabilitas Perseroan pada tahun 2025 menunjukkan The Company’s profitability performance in 2025 demonstrated strong
peningkatan yang kuat, didorong oleh pertumbuhan pendapatan, improvement, driven by revenue growth, operational efficiency, and
efisiensi operasional, serta kontribusi signifikan dari Entitas Asosiasi. significant contributions from Associated Entities.
Pendapatan dari kontrak dengan pelanggan meningkat sebesar 9,9% Revenue from contracts with customers increased by 9.9% to IDR29,633
menjadi Rp29.633 miliar, sejalan dengan peningkatan volume dan billion, in line with higher volumes and improved operational
kinerja operasional. Pertumbuhan pendapatan tersebut diikuti dengan performance. This revenue growth was followed by a 7.7% increment
kenaikan beban pokok penjualan sebesar 7,7% menjadi Rp19.941 in cost of goods sold to IDR19,941 billion, resulting in gross profit of
miliar, sehingga menghasilkan laba bruto sebesar Rp9.692 miliar, IDR9,692 billion, increased 14.7% compared to the previous year.
meningkat 14,7% dibandingkan tahun sebelumnya.
Peningkatan laba bruto yang lebih tinggi dibandingkan pertumbuhan The higher growth in gross profit relative to revenue led to an
pendapatan mendorong perbaikan marjin laba bruto dari 31,3% improvement in gross profit margin from 31.3% to 32.7%, reflecting
menjadi 32,7%, mencerminkan peningkatan efisiensi biaya produksi enhanced production cost efficiency and operational optimization.
dan optimalisasi operasional.
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Di tingkat operasional, laba usaha meningkat 17,0% menjadi Rp8.385 At the operating level, operating profit increased by 17.0% to IDR8,385
miliar, meskipun beban usaha relatif stabil. Hal ini menunjukkan billion, despite relatively stable operating expenses. This indicates the
kemampuan Perseroan dalam menjaga disiplin biaya di tengah Company’s ability to maintain cost discipline amid business expansion.
ekspansi usaha.
Lebih lanjut, profitabilitas Perseroan didukung oleh kontribusi Furthermore, the Company’s profitability was supported by a significant
signifikan dari Entitas Asosiasi, dengan bagian laba meningkat 103,2% contribution from Associated Entities, with share of profit increasing
menjadi Rp4.091 miliar. Kontribusi ini menjadi salah satu pendorong by 103.2% to IDR4,091 billion. This contribution became one of the
utama peningkatan laba sebelum pajak sebesar 40,2% menjadi key drivers behind the 40.2% increase in profit before tax to IDR12,155
Rp12.155 miliar. billion.
Sejalan dengan hal tersebut, laba tahun berjalan meningkat In line with this, profit for the year increased by 42.2% to IDR10,970
42,2% menjadi Rp10.970 miliar. Marjin laba bersih juga mengalami billion. Net profit margin also improved significantly from 28.6% to
peningkatan signifikan dari 28,6% menjadi 37,0%, mencerminkan 37.0%, reflecting higher earnings quality supported by both operational
peningkatan kualitas laba yang didukung oleh kinerja operasional dan performance and investment contributions.
kontribusi investasi.
Selain marjin laba, Perseroan juga mencatat peningkatan rasio In addition to margin expansion, the Company also recorded
pengembalian, tercermin dari Return on Assets (ROA) yang meningkat improvements in return ratios, as reflected in Return on Assets (ROA),
dari 14,8% menjadi 17,8% serta Return on Equity (ROE) yang meningkat which increased from 14.8% to 17.8%, and Return on Equity (ROE),
dari 21,2% menjadi 23,5%. Peningkatan ini menunjukkan bahwa which rose from 21.2% to 23.5%. This indicates that the Company’s
pertumbuhan laba yang dicapai Perseroan mampu melampaui profit growth outpaced the growth of its assets and equity, resulting in
pertumbuhan aset dan ekuitas, sehingga menghasilkan tingkat more optimal returns for shareholders.
pengembalian yang lebih optimal bagi pemegang saham.
Secara keseluruhan, peningkatan profitabilitas ini menunjukkan Overall, the improvement in profitability demonstrates the Company’s
keberhasilan Perseroan dalam mengelola pertumbuhan usaha secara success in managing business growth efficiently while maximizing
efisien, sekaligus memaksimalkan nilai tambah dari investasi strategis. value creation from its strategic investments.
2025 2024 Perubahan
Rasio Profitabilitas Profitability Ratio
(%) (%) Change
Marjin Laba Bruto 32,7 31,3 +1,4 Gross Profit Margin
Marjin Laba Usaha 28,3 26,6 +1,7 Operating Profit Margin
Marjin Laba Bersih 37,0 28,6 +8,4 Net Profit margin
Laba Bersih terhadap Aset 17,8 14,8 +3,0 Return on Assets (ROA)
Laba Bersih terhadap Ekuitas 23,5 21,2 +2,3 Return on Equity (ROE)
KEMAMPUAN MEMBAYAR UTANG DAN TINGKAT SOLVENCY AND RECEIVABLES COLLECTIBILITY
KOLEKTABILITAS PUTANG
Kemampuan Membayar Utang Solvency
Kemampuan Perseroan dalam memenuhi kewajiban keuangannya The Company’s ability to meet its financial obligations in 2025 remained
pada tahun 2025 menunjukkan kondisi yang solid, didukung oleh solid, supported by a stronger capital structure, robust operating cash
penguatan struktur permodalan, arus kas operasional yang kuat, serta flows, and a more conservative debt management strategy.
strategi pengelolaan utang yang lebih konservatif.
Jumlah liabilitas Perseroan menurun sebesar 5,0% menjadi Rp15.014 Total liabilities decreased by 5.0% to IDR15,014 billion, primarily driven
miliar, terutama disebabkan oleh penurunan liabilitas jangka panjang by a 16.0% reduction in non-current liabilities. This decline reflects the
sebesar 16,0%. Penurunan ini mencerminkan langkah Perseroan Company’s efforts to reduce debt exposure, in line with its deleveraging
dalam mengurangi eksposur terhadap utang, sejalan dengan strategi strategy throughout the year.
deleveraging yang dijalankan sepanjang tahun.
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Di sisi lain, ekuitas meningkat signifikan sebesar 28,3% menjadi Meanwhile, equity increased significantly by 28.3% to IDR46,756 billion,
Rp46.756 miliar, didorong oleh peningkatan laba tahun berjalan. mainly driven by higher profit for the year. As a result, the Company’s
Dengan demikian, struktur permodalan Perseroan menjadi lebih kuat capital structure has become stronger and more balanced. This is
dan seimbang. Hal tersebut tercermin pada rasio solvabilitas Perseroan, reflected in the Company’s solvency ratios, where the Debt to Equity
di mana rasio liabilitas terhadap ekuitas (Debt to Equity Ratio/DER) Ratio (DER) improved from 0.30x in 2024 to 0.20x in 2025, indicating
mengalami penurunan dari 0,30x pada tahun 2024 menjadi 0,20x lower leverage and enhanced capacity to manage financial risk.
pada tahun 2025. Penurunan ini menunjukkan tingkat leverage yang
semakin rendah serta kapasitas yang lebih baik dalam menanggung
risiko keuangan.
Dari sisi likuiditas, Perseroan juga menunjukkan kemampuan yang From a liquidity perspective, the Company also maintained an adequate
memadai dalam memenuhi kewajiban jangka pendek. Rasio lancar ability to meet its short-term obligations. The current ratio stood at
tercatat sebesar 2,13x pada tahun 2025, sedikit menurun dibandingkan 2.13x in 2025, slightly lower than 2.30x in 2024, but still at a healthy
2,30x pada tahun 2024. Meskipun mengalami sedikit penurunan, rasio level, indicating sufficient current assets to cover short-term liabilities.
ini tetap berada pada tingkat yang sehat, mencerminkan kecukupan
aset lancar untuk menutup liabilitas jangka pendek.
Selain itu, kemampuan Perseroan dalam menghasilkan arus kas In addition, the Company’s strong operating cash flow of IDR8,601
operasional yang kuat sebesar Rp8.601 miliar memberikan fleksibilitas billion provides substantial financial flexibility to meet debt obligations
yang tinggi dalam memenuhi kewajiban keuangan, baik untuk and support shareholder distributions.
pembayaran utang maupun distribusi kepada pemegang saham.
Secara keseluruhan, kondisi ini menunjukkan bahwa Perseroan Overall, these conditions demonstrate the Company’s strong ability to
memiliki kemampuan yang kuat dalam memenuhi kewajiban utangnya, fulfill its debts obligations, with a more controlled financial risk profile
dengan profil risiko keuangan yang semakin terkendali dan struktur and a healthier capital structure.
permodalan yang lebih sehat.
Rasio 2025 2024 Ratio
Solvabilitas Solvency
Liabilitas terhadap Ekuitas 0,20x 0,30x Debt-to-Equity Ratio (DER)
Liabilitas terhadap Aset 0,15x 0,21x Debt-to-Assets Ratio (DAR)
Likuiditas Liquidity
Rasio Lancar 2,13x 2,30x Current Ratio
Rasio Kas 0,90x 1,11x Cash Ratio
Tingkat Kolektabilitas Piutang Receivables Collectability
Perseroan memiliki perputaran piutang yang didefinisikan sebagai The Company had an average accounts receivable turnover, which is
rasio penjualan bersih terhadap piutang usaha rata-rata pada kisaran defined as the ratio of net sales to trade receivables, of around 21 days
21 hari di tahun 2025. in 2025.
STRUKTUR MODAL CAPITAL STRUCTURE
Kebijakan Struktur Modal Capital Structure Policy
Tujuan utama pengelolaan modal Perseroan adalah untuk menjaga The primary objective of the Company’s capital management is to
struktur permodalan yang sehat guna mendukung keberlanjutan maintain a healthy capital structure to support business sustainability,
usaha, mempertahankan profil kredit yang kuat, serta memaksimalkan preserve a strong credit profile, and maximize value for shareholders.
nilai bagi pemegang saham.
Perseroan tunduk pada ketentuan dalam perjanjian pinjaman yang The Company is subject to covenants under its loan agreements
mensyaratkan pemeliharaan tingkat permodalan tertentu. Selain itu, that require the maintenance of certain capital levels. In addition, in
sesuai dengan Undang-Undang No. 40 Tahun 2007 tentang Perseroan accordance with Law No. 40 of 2007 on Limited Liability Companies, the
Terbatas, Perseroan diwajibkan untuk menyisihkan sebagian laba Company is required to allocate a portion of its profits until it reaches
hingga mencapai minimum 20% dari modal ditempatkan dan disetor at least 20% of its issued and fully paid-up capital as a non-distributable
penuh sebagai cadangan wajib yang tidak dapat didistribusikan. statutory reserve. Compliance with these capital requirements is
Pemenuhan ketentuan tersebut dipertimbangkan dalam RUPS. determined in the GMS.
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Struktur Modal Capital Structure
Perseroan secara aktif mengelola struktur permodalan dan melakukan The Company actively manages its capital structure and makes
penyesuaian sesuai dengan dinamika kondisi ekonomi dan kebutuhan adjustments as necessary in response to changes in economic
bisnis. Dalam menjaga keseimbangan struktur permodalan, Perseroan conditions and business needs. In maintaining an optimal capital
dapat menyesuaikan kebijakan dividen maupun mengoptimalkan structure, the Company may adjust its dividend policy and optimize
sumber pendanaan, baik melalui kas internal maupun pinjaman. funding sources, whether from internal cash generation or external
loan.
Kebijakan Perseroan adalah mempertahankan struktur permodalan The Company’s policy is to maintain a sound capital structure to ensure
yang sehat guna memastikan akses terhadap pendanaan dengan biaya access to funding at a competitive cost. In this regard, the Company
yang kompetitif. Dalam hal ini, Perseroan memantau tingkat leverage monitors its leverage through the gearing ratio, defined as net debt
melalui gearing ratio, yaitu perbandingan antara utang neto dan ekuitas divided by net equity.
neto.
Utang neto mencakup utang bank jangka pendek dan jangka panjang Net debt consists of short-term and long-term bank loans less cash and
setelah dikurangi kas dan bank, sedangkan ekuitas neto terdiri dari banks, while net equity comprises share capital and equity attributable
modal saham dan ekuitas yang dapat diatribusikan kepada pemilik to the owners of the parent entity.
entitas induk.
Sejalan dengan strategi penguatan struktur permodalan, Perseroan In line with its strategy to strengthen the capital structure, the Company
mencatat penurunan gearing ratio dari 0,12x pada tahun 2024 menjadi recorded a decrease in its gearing ratio from 0.12x in 2024 to 0.07x in
0,07x pada tahun 2025. Penurunan ini mencerminkan kombinasi antara 2025. This decline reflects a combination of significant equity growth
peningkatan ekuitas yang signifikan serta pengelolaan utang yang lebih and more conservative debt management.
konservatif.
dalam miliar Rupiah, kecuali disebutkan lain | in billions of IDR, unless otherwise stated
Uraian 2025 2024 Description
Utang bank jangka panjang 9.380 10.802 Long-term bank loans
Liabilitas sewa - 15 Lease liabilities
Total 9.380 10.817 Total
Dikurangi kas dan bank (6.016) (6.486) Less cash on hand and in banks
Utang neto 3.364 4.331 Net debts
Ekuitas neto 46.756 36.454 Net equity
Rasio gearing (x) 0,07 0,12 Gearing ratio (x)
Rasio kewajiban terhadap ekuitas (x) 0,20 0,30 Debt to equity ratio (x)
IKATAN MATERIAL UNTUK INVESTASI BARANG MODAL MATERIAL COMMITMENT FOR CAPITAL EXPENDITURE
Pada tahun 2025 Perseroan tidak melakukan ikatan yang material atas In 2025, the Company had no material commitment to capital
investasi barang modal. expenditure investment.
INVESTASI BARANG MODAL CAPITAL GOODS INVESTMENT
Realisasi investasi barang modal pada tahun 2025 sebesar Rp1.107 The realization of capital goods investment in 2025 was IDR1,107 billion,
miliar, turun 12,0% dari investasi barang modal tahun 2024 sebesar decreased 12.0% from capital goods investment in 2024 of IDR1,255
Rp1.255 miliar. billion.
Tujuan investasi adalah pembelian aset tetap, aset hak guna, properti The investment objective is the purchases of fixed assets, right-of-use
pertambangan, aset eksplorasi dan evaluasi. assets, mining properties, exploration and evaluations asset.
Sumber dana yang digunakan untuk investasi barang modal berasal The fund used for the capital expenditure was sourced from the
dari kas internal Perseroan dan pinjaman bank berasal dari kas internal Company’s internal cash and bank loans.
Perseroan dan pinjaman bank.
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Analisis dan Pembahasan Manajemen
Management Discussion & Analysis
INFORMASI DAN FAKTA MATERIAL YANG TERJADI SETELAH SUBSEQUENT MATERIAL INFORMATION AND FACT AFTER
TANGGAL LAPORAN AKUNTAN ACCOUNTANT REPORTING DAT
Perkembangan Geopolitik di Timur Tengah Geopolitical developments in the Middle East
Setelah tanggal pelaporan, ketegangan geopolitik di Timur Tengah Subsequent to the reporting date, geopolitical tensions in the Middle
meningkat menyusul tindakan militer di kawasan tersebut pada East escalated following military actions in the region at the end of
akhir Februari 2026. Perkembangan ini menyebabkan meningkatnya February 2026. These developments have led to increased geopolitical
ketidakpastian geopolitik dan volatilitas di pasar keuangan dan energi uncertainty and increased volatility in global financial and energy
global. markets.
Perseroan menilai potensi dampak terhadap operasi, posisi keuangan, The Company assesses the potential implications on the results of the
dan kinerja keuangan Perseroan yang dapat timbul melalui beberapa Company’s operations, financial position and financial performance
faktor, termasuk: which may arise through several factors, including:
• volatilitas harga komoditas dan energi global. • volatility in global commodity and energy prices.
• gangguan pada rantai pasokan dan logistik global. • disruptions in global supply chains and logistics.
• ketidakpastian makroekonomi yang lebih luas yang memengaruhi • broader macroeconomic uncertainty affecting customer demand.
permintaan pelanggan.
• volatilitas di pasar valuta asing dan pasar keuangan. • volatility in foreign exchange and financial markets.
Saat ini Perseroan tidak memiliki operasi langsung yang signifikan di The Company does not currently have significant direct operations in
negara-negara yang terlibat langsung dalam konflik tersebut. Namun, the countries directly involved in the conflict. However, the broader
dampak ekonomi yang lebih luas akibat situasi geopolitik tersebut economic effects resulting from the geopolitical situation may indirectly
dapat memengaruhi operasi dan kinerja keuangan Perseroan secara affect the Company’s operations and financial performance.
tidak langsung.
Manajemen akan terus memonitor perkembangan terkait konflik ini Management will continue to monitor developments relating to the
dan menilai potensi dampaknya pada periode pelaporan berikutnya. conflict and assess potential implications in future reporting periods.
PROSPEK USAHA BUSINESS PROSPECT
Bahasan mengenai prospek usaha disajikan pada subbab Prospek dan Discussion regarding business prospects is presented in the Prospects
Rencana ke Depan pada bagian Tinjauan Operasional. and Future Plans sub-chapter in the Operational Review section.
PERBANDINGAN ANTARA TARGET DAN REALISASI TAHUN COMPARISON BETWEEN TARGETS AND REALIZATION IN 2025
2025 DAN PROYEKSI TAHUN 2026 AND PROJECTION IN 2026
Target dan Pencapaian 2025 2025 Target and Achievement
Dengan mempertimbangkan tingkat kompetisi pasar yang tinggi, Given the highly competitive market environment, the Company does
Perseroan belum mengungkapkan target keuangan secara publik. not publicly disclose its financial targets. Nevertheless, the Company
Meskipun demikian, Perseroan tetap berkomitmen menjaga konsistensi remains committed to maintaining consistent performance by focusing
kinerja melalui fokus pada efisiensi operasional, inovasi teknologi, serta on operational efficiency, technological innovation, and business
penguatan dan diversifikasi bisnis. strengthening and diversification.
Di tengah tekanan harga nikel global sepanjang tahun 2025, Perseroan Amid global nickel price pressures throughout 2025, the Company
tetap mampu membukukan kinerja yang positif, mencerminkan was able to deliver positive performance, reflecting operational
ketahanan operasional dan efektivitas strategi yang dijalankan. Pada resilience and the effectiveness of its strategy execution. In the nickel
segmen pertambangan nikel, Perseroan berhasil mencatatkan realisasi mining segment, the Company successfully recorded sales volume
volume penjualan yang melampaui target tahun sebelumnya sebesar realization exceeding the prior year’s target by 4.5%. Meanwhile, in the
4,5%. Sementara itu, pada segmen pengolahan nikel, Perseroan juga nickel processing segment, the Company also achieved sales volume
berhasil membukukan realisasi volume penjualan yang berada 0,6% di realization that was 0.6% above the prior year target.
atas target tahun sebelumnya.
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Proyeksi dan Target 2026 2026 Outlook and Targets
Pada tahun 2026, Perseroan memproyeksikan adanya peningkatan In 2026, the Company expects an increase in sales volumes from mining
volume penjualan, dari segmen pertambangan. Peningkatan ini segments. This growth is supported by the targeted completion of the
didukung oleh rencana penyelesaian pembangunan fasilitas RKEF RKEF facility under PT KPS phase 3 (three), which consists of 4 (four)
PT KPS fase 3 (tiga) yang terdiri dari 4 (empat) lini produksi, yang production lines and is targeted to be completed in the first half of 2026.
ditargetkan selesai pada semester pertama tahun 2026. Sehingga, Therefore, in nickel mining segment, the Company expects nickel ore
dari segmen pertambangan nikel, Perseroan mengharapkan volume sales volume to increase by approximately 24% (before elimination).
penjualan bijih nikel akan meningkat sekitar 24% (sebelum eliminasi).
Sedangkan, dari segmen operasi pengolahan nikel, Perseroan menilai Meanwhile, in the nickel processing segment, the Company anticipates
bahwa volume penjualan feronikel pada pengolahan nikel akan relatif that the sales volume of ferronickel will remain relatively the same as
sama dengan tahun sebelumnya (mencerminkan PT MSP dan PT HJF). the previous year (reflecting the operations of PT MSP and PT HJF).
Lebih lanjut, kinerja keuangan Perseroan sangat bergantung pada Furthermore, the Company's financial performance is highly dependent
harga pasar nikel, serta kinerja dari Entitas Asosiasi, khususnya PT HPL, on market nickel prices and the performance of its Associated Entities,
PT ONC dan PT KPS. particularly PT HPL, PT ONC, and PT KPS.
Ke depan, Perseroan akan terus memantau perkembangan kondisi Going forward, the Company will continue to monitor market
pasar dan menyesuaikan strategi operasional secara adaptif guna developments and adapt its operational strategies accordingly to
menjaga keseimbangan antara pertumbuhan dan keberlanjutan maintain a balance between growth and sustainable performance.
kinerja usaha.
ASPEK PEMASARAN MARKETING ASPECT
Kebijakan Pemasaran Marketing Policy
Perseroan melalui Entitas Anak, mendistribusikan produk hasil The Company through its Subsidiaries, distributes its nickel processing
pengolahan nikel, termasuk FeNi dan/atau MHP, kepada pelanggan products, including FeNi and/or MHP, to customers in various countries
di berbagai negara seperti Tiongkok, Swiss, Hong Kong, Swedia, dan such as China, Switzerland, Hong Kong, Sweden, and Singapore under
Singapura dengan skema Free-on-Board (FOB). Sementara itu, bijih a Free-on-Board (FOB) scheme. Meanwhile, nickel ore produced by
nikel yang diproduksi oleh Perseroan dan Entitas Anak sebagian besar the Company and its Subsidiaries is primarily supplied to processing
dipasok kepada fasilitas pengolahan milik Entitas Anak dan/atau facilities owned by Subsidiaries and/or Associated Entity for further
Entitas Asosiasi untuk diproses lebih lanjut dalam rangka mendukung processing, supporting downstream integration.
integrasi hilirisasi.
Strategi Pemasaran dan Strategi Harga Marketing Strategy and Pricing Strategy
Dalam menghadapi dinamika pasar nikel global yang masih diwarnai In response to the global nickel market dynamics, which continue to
oleh kondisi oversupply serta volatilitas harga, Perseroan menerapkan be characterized by oversupply conditions and price volatility, the
strategi pemasaran dan harga yang adaptif, tersegmentasi, serta Company implements an adaptive and segmented marketing and
berorientasi pada penguatan posisi dalam rantai nilai hilirisasi. pricing strategy, while strengthening its position along the downstream
value chain.
Permintaan nikel secara global masih didorong oleh dua segmen Global nickel demand continues to be driven by two main segments,
utama, yaitu industri baja nirkarat dan industri baterai kendaraan listrik. namely the stainless steel industry and the EV battery industry. In the
Pada segmen baja nirkarat, yang menyerap produk FeNi, Perseroan stainless steel segment, which absorbs FeNi products, the Company
mengedepankan strategi kemitraan jangka panjang dengan produsen focuses on long-term partnerships with major steel producers,
baja utama, khususnya di Tiongkok dan Asia Tenggara. Keunggulan particularly in China and Southeast Asia. The Company’s competitive
Perseroan terletak pada integrasi vertikal dari tambang hingga smelter, advantage lies in its vertically integrated operations from mining to
yang memungkinkan keandalan pasokan serta efisiensi biaya logistik. smelting, enabling supply reliability and cost-efficient logistics. In a
Dalam kondisi harga yang cenderung tertekan, strategi harga pada pressured pricing environment, the Company adopts a competitive
segmen ini difokuskan pada menjaga daya saing melalui cost leadership pricing strategy by maintaining cost leadership to sustain its position
guna mempertahankan posisi sebagai low cost producer. as a low cost producer.
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Analisis dan Pembahasan Manajemen
Management Discussion & Analysis
Sementara itu, pada segmen baterai kendaraan listrik, pemasaran Meanwhile, in the EV battery segment, the Company markets its MHP
produk Perseroan berupa MHP maupun nikel sulfat diarahkan pada and nickel sulfate products by expanding exports to countries with
perluasan pasar ekspor ke negara-negara dengan pertumbuhan strong EV adoption growth, such as South Korea, Japan, and Europe.
adopsi kendaraan listrik yang tinggi, seperti Korea Selatan, Jepang, Pricing strategy in this segment is more flexible and value-based,
dan kawasan Eropa. Strategi harga pada segmen ini bersifat lebih reflecting the higher margin characteristics of battery-grade nickel
fleksibel dan berbasis nilai tambah, sejalan dengan karakteristik products and their sensitivity to sustainability factors. In this regard,
produk yang memiliki margin lebih tinggi serta dipengaruhi oleh faktor the implementation of ESG principles, including efforts to reduce
keberlanjutan. Dalam hal ini, penerapan prinsip ESG, termasuk upaya carbon footprint and promote responsible production practices, plays
pengurangan jejak karbon dan praktik produksi yang bertanggung a key factor in enhancing the Company’s competitiveness in the global
jawab, menjadi faktor penting dalam meningkatkan daya saing market.
Perseroan di pasar global.
Untuk mendukung strategi tersebut, Perseroan terus memperkuat To support these strategies, the Company continues to strengthen
integrasi hilir, meningkatkan efisiensi operasional, serta downstream integration, improve operational efficiency, and gradually
mengembangkan kapasitas produksi secara bertahap. Penyelesaian expand production capacity. The completion of additional RKEF
fasilitas RKEF tambahan serta optimalisasi operasi pengolahan facilities and the optimization of processing operations are expected
diharapkan dapat meningkatkan volume penjualan dan memperluas to increase sales volumes and expand market penetration, enabling
penetrasi pasar, sehingga Perseroan tetap mampu menjaga kinerja the Company to sustain its marketing performance amid a challenging
pemasaran di tengah dinamika industri yang menantang. industry environment.
DIVIDEN DAN KEBIJAKAN DIVIDEN DIVIDEND AND DIVIDEND POLICY
Kebijakan Dividen Dividend Policy
Perseroan memiliki kebijakan untuk membagikan dividen minimal The Company has a policy to distribute dividends of minimum 30%
30% dari laba bersih setiap tahun. Hal ini sebagaimana diungkapkan of net profit each year. This is as disclosed in the prospectus of the
dalam prospektus penawaran umum perdana saham Perseroan. Company’s initial public offering. The Company’s dividend will depend
Dividen Perseroan akan tergantung pada arus kas dan rencana investasi on the Company’s cash flow and investment plans, Indonesian laws and
Perseroan, hukum dan peraturan Indonesia, dan persyaratan lainnya. regulations, and other requirements.
Sesuai dengan kinerja keuangan dan kondisi keuangan Perseroan dari In accordance with the Company’s financial performance and financial
waktu ke waktu, Perseroan juga dapat meninjau kembali dan mengubah condition from time to time, the Company may also review and change
kebijakan dividen Perseroan sesuai dengan hukum dan peraturan yang the Company’s dividend policy in accordance with applicable laws and
berlaku. regulations.
Dividen Tahun Buku 2024 Dividend For Fiscal Year 2024
Keputusan RUPS Tahunan tanggal 18 Juni 2025 untuk mata acara The resolution of the Annual GMS dated June 18, 2025 for the agenda
penetapan penggunaan hasil usaha Perseroan untuk tahun buku item on determining the Utilization of Company’s Profit for the Fiscal
yang berakhir pada 31 Desember 2024 terkait pembagian dividen Year Ended on December 31, 2024 related to the distribution of
adalah menetapkan pembagian dividen tunai sebesar 30,001% dari dividends is to determine the distribution of cash dividends of 30.001%
laba bersih atau sebesar Rp1.913,90 miliar atau Rp30,357 per saham of net profit or IDR1,913.90 billion or IDR30.357 per share to holders
kepada pemegang 63.046.379.200 lembar saham dengan tata cara of 63,046,379,200 shares with the payment procedure following the
pembayarannya mengikuti peraturan yang berlaku. applicable regulations.
Dividen Tahun Buku 2023 Dividend For Fiscal Year 2023
Keputusan RUPS Tahunan tanggal 27 Juni 2024 untuk mata acara The resolution of the Annual GMS dated June 27, 2024 for the agenda
penetapan penggunaan hasil usaha Perseroan untuk tahun buku yang item on determining the Utilization of Company’s Profit for the Fiscal
berakhir pada 31 Desember 2023 terkait pembagian dividen adalah Year Ended on December 31, 2023 related to the distribution of
menetapkan pembagian dividen tunai sebesar 30% dari laba bersih atau dividends is to determine the distribution of cash dividends of 30%
sebesar Rp1.685,74 miliar atau Rp26,716 per saham kepada pemegang of net profit or IDR1,685.74 billion or IDR26.716 per share to holders
63.098.600.000 lembar saham dengan tata cara pembayarannya of 63,098,600,000 shares with the payment procedure following the
mengikuti peraturan yang berlaku. applicable regulations.
Dividen per
Jumlah Dividen
Saham
Tahun Buku Interim/Final (Rp miliar) Tanggal Pembayaran Rasio Pembayaran Dividen
Dividend per
Fiscal Year Interim/Final Total Dividend Payment Date Dividend Payout Ratio
Share
(IDR billion)
(Rp | IDR)
2024 Final 30,357 1.913,90 30 Juni 2025 | June 30, 2025 30%
2023 Final 26,716 1.685,74 31 Juli 2024 | July 31, 2024 30%
2022 Final 22,189 1.400,09 3 Agustus 2023 | August 3, 2023 30%
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REALISASI PENGGUNAAN DANA HASIL PENAWARAN UMUM REALIZATION OF THE USE OF PROCEEDS FROM PUBLIC
OFFERING
Penawaran Umum Perdana Saham
Jenis Penawaran Umum Type of Public Offering
Initial Public Offering of Shares
Tanggal efektif 3 April 2023 | April 3, 2023 Effective date
Nilai realisasi hasil penawaran umum Realized value of public offering Result
a. Jumlah hasil penawaran umum Rp9.997.000.000.000 a. Total proceeds from the public offering
b. Biaya penawaran umum Rp289.003.083.795 b. Public offering fee
c. Hasil bersih Rp9.707.996.916.205 c. Net result
Rencana penggunaan dana menurut prospektus Plan for use of proceed according to the prospectus
a. Pembayaran seluruh utang kepada PT Harita Jayaraya Rp825.000.000.000 a. Pay off all loans to PT Harita Jayaraya
b. Pembayaran seluruh utang kepada PT Dwimuria Rp893.280.000.000 b. Pay off all loans to PT Dwimuria Investama Andalan
Investama Andalan
c. Pembayaran seluruh utang kepada Oversea-Chinese Rp2.218.800.000.000 c. Pay off all loans to Oversea-Chinese Banking
Banking Corporation Limited (OCBC) dan PT Bank Corporation Limited (OCBC) and PT Bank OCBC NISP
OCBC NISP Tbk (OCBC NISP) Tbk (OCBC NISP)
d. Pembayaran seluruh utang outstanding Fasilitas Term Rp130.744.165.656 d. Payment of all outstanding loans from Term Loan
Loan 1 dan Fasilitas Term Loan 3 kepada OCBC NISP Facility 1 and Term Loan Facility 3 to OCBC NISP
e. Belanja modal Perseroan Rp323.897.115.357 e. Company capital expenditure
f. Setoran modal dan pinjaman kepada Entitas Asosiasi Rp3.319.037.200.000 f. Capital deposits and loans to Associate Entities and
dan Entitas Anak Subsidiaries
g. Akuisisi dan/atau penambahan kepemilikan saham Rp1.603.815.400.000 g. Acquisition and/or increase in shareholding in the
di Entitas Asosiasi Perseroan, pada Perusahaan Company's Associate Entity, engaged in nickel ore
pengolahan dan/atau pemurnian bijih nikel processing and/or refining
h. Modal Kerja Perseroan Rp393.423.035.192 h. Company Working Capital
Jumlah Rp9.707.996.916.205 Total
Realisasi penggunaan dana menurut prospektus Realized use of fund according to the prospectus
i. Pembayaran seluruh utang kepada PT Harita Jayaraya Rp825.000.000.000 i. Pay off all loans to PT Harita Jayaraya
j. Pembayaran seluruh utang kepada PT Dwimuria Rp893.280.000.000 j. Pay off all loans to PT Dwimuria Investama Andalan
Investama Andalan
k. Pembayaran seluruh utang kepada Oversea-Chinese Rp2.218.800.000.000 k. Pay off all loans to Oversea-Chinese Banking
Banking Corporation Limited (OCBC) dan Corporation Limited (OCBC) and
PT Bank OCBC NISP Tbk (OCBC NISP) PT Bank OCBC NISP Tbk (OCBC NISP)
l. Pembayaran seluruh utang outstanding Fasilitas Term Rp130.744.165.656 l. Payment of all outstanding loans from Term Loan Facility
Loan 1 dan Fasilitas Term Loan 3 kepada OCBC NISP 1 and Term Loan Facility 3 to OCBC NISP
m. Belanja modal Perseroan Rp299.264.089.315 m. Company capital expenditure
n. Setoran modal dan pinjaman kepada Entitas Asosiasi Rp3.319.037.200.000 n. Capital deposits and loans to Associate Entities and
dan Entitas Anak Subsidiaries
o. Akuisisi dan/atau penambahan kepemilikan saham Rp1.603.815.400.000 o. Acquisition and/or increase in shareholding in the
di Entitas Asosiasi Perseroan, pada Perusahaan Company's Associate Entity, engaged in nickel ore
pengolahan dan/atau pemurnian bijih nikel processing and/or refining
p. Modal kerja Perseroan Rp393.423.035.192 n. Company working capital
Jumlah Rp9.683.363.890.163 Total
Sisa Dana Hasil Penawaran Umum Rp24.633.026.042 Remaining Funds from the Public Offering
INFORMASI MATERIAL MENGENAI INVESTASI, EKSPANSI, MATERIAL INFORMATION REGARDING INVESTMENT,
DIVESTASI, PENGGABUNGAN/PELEBURAN USAHA, AKUISISI, EXPANSION, DIVESTMENT, BUSINESS MERGER/
RESTRUKTURISASI UTANG/MODAL, DAN TRANSAKSI CONSOLIDATION, ACQUISITION, DEBT/CAPITAL
MATERIAL RESTRUCTURING, AND MATERIAL TRANSACTIONS
Investasi pada Saham Investing in Shares
Pada tanggal 10 September 2025, pemegang saham PT HPL On September 10, 2025, the shareholders of PT HPL approved
menyetujui peningkatan modal dasar dari yang semula sebesar an increase in the authorized capital from the original amount of
Rp6.000.000.000.000 menjadi sebesar Rp6.283.286.000.000 serta IDR6,000,000,000,000 to IDR6,283,286,000,000, as well as an increase
peningkatan modal ditempatkan dan disetor dari semula sebesar in paid-in capital from the original amount of IDR5,030,000,000,000 000
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Analisis dan Pembahasan Manajemen
Management Discussion & Analysis
Rp5.030.000.000.000 menjadi sebesar Rp6.283.286.000.000 dan oleh to IDR6,283,286,000,000. Consequently, the Company’s investment in
karenanya nilai investasi Perseroan dalam PT HPL meningkat sebesar PT HPL increased by IDR565,232,000,000, resulting in the Company’s
Rp565.232.000.000, sehingga kepemilikan saham Perseroan dalam shareholding in PT HPL being valued at IDR2,833,762,000,000, or 45.10%
PT HPL adalah senilai Rp2.833.762.000.000 atau sebesar 45,10% dari of the issued and paid-in capital of PT HPL.
modal ditempatkan dan disetor dalam PT HPL.
Pada tanggal 18 Agustus 2025, pemegang saham PT KKT menyetujui On August 18, 2025, the shareholders of PT KKT approved an increase
untuk melakukan peningkatan modal dasar yang semula sebesar in authorized capital from the original amount of IDR250,000,000 to
Rp250.000.000 menjadi sebesar Rp2.000.000.000 serta peningkatan IDR2,000,000,000, as well as an increase in paid-in capital from the
modal ditempatkan dan disetor dari semula sebesar Rp100.000.000 original amount of IDR100,000,000 to IDR1,850,000,000. Consequently,
menjadi sebesar Rp1.850.000.000, sehingga kepemilikan saham the Company’s shareholding in PT KKT through its Subsidiary, PT GTS,
Perseroan dalam PT KKT melalui Entitas Anak Perseroan yaitu amounts to IDR1,849,000,000, or 99.95% of the paid-in capital in PT KKT.
PT GTS adalah senilai Rp1.849.000.000 atau sebesar 99,95% dari modal
ditempatkan dan disetor dalam PT KKT.
Penggabungan dan Peleburan Usaha Business Mergers and Acquisitions
Pada tanggal 25 Juni 2025, Perseroan melakukan pembelian dari On June 25, 2025, the Company purchased 1,256,480 shares from
PT HJR dalam PT ONC sebanyak 1.256.480 lembar saham dengan nilai PT HJR in PT ONC at a par value per share, as determined by the
nominal per saham sesuai hasil penilaian Kantor Jasa Penilai Publik appointed Public Appraisal Service Office (KJPP), of IDR3,381,837
(KJPP) yang ditunjuk yaitu senilai Rp3.381.837 per saham, sehingga per share, resulting in a total sale of shares PT HJR in PT ONC to the
total penjualan saham PT HJR dalam PT ONC kepada Perseroan sebesar Company amounting to IDR4,249,210,396,796, bringing the Company’s
Rp4.249.210.396.796, sehingga total kepemilikan saham Perseroan total shareholding in PT ONC to 2.512.960 shares or 40% of the issued
dalam PT ONC adalah 2.512.960 lembar atau sebesar 40% dari modal and paid-in capital of PT ONC.
ditempatkan dan disetor dalam PT ONC.
Pembelian Kembali Saham Share Buyback
Pada tanggal 27 Juni 2024, Perseroan telah memperoleh persetujuan On June 27, 2024, the Company has obtained the approval through
melalui Rapat Umum Pemegang Saham Tahunan (“RUPST 2024”) Annual General Meeting of Shareholders (“2024 AGMS”) to conduct
untuk melakukan Pembelian Kembali Saham yang dikeluarkan oleh the Buyback of Issued Shares of the Company in accordance with the
Perseroan berdasarkan Peraturan Otoritas Jasa Keuangan Nomor provision of OJK Regulation No. 29 Year 2023 concerning the Buyback of
29 Tahun 2023 tentang Pembelian Kembali Saham yang dikeluarkan Shares Issued by Listed Companies for a maximum amount IDR1 trillion
oleh Perusahaan Terbuka (“POJK 29/2023”) dengan jumlah sebanyak- with maximum period of 12 months effective after the date of approval
banyaknya Rp1 triliun dalam jangka waktu paling lama 12 bulan of the 2024 AGMS ("Share Buyback for the 2024 Period").
terhitung setelah tanggal persetujuan RUPST 2024 ("Pembelian
Kembali Saham Periode 2024").
Pada tanggal 18 Juni 2025, Perseroan telah memperoleh persetujuan On June 18, 2025, the Company has obtained the approval through
melalui Rapat Umum Pemegang Saham Tahunan (“RUPST 2025”) Annual General Meeting of Shareholders (“AGMS 2025”) to reconduct
untuk kembali melakukan Pembelian Kembali Saham yang dikeluarkan the Buyback of Issued Shares of the Company in accordance with
oleh Perseroan berdasarkan POJK 29/2023 dengan jumlah sebanyak- the provision of OJK Regulation 29/2023 by Listed Companies for a
banyaknya Rp1 triliun dalam jangka waktu paling lama 12 bulan maximum amount IDR1 trillion with maximum period of 12 months
terhitung setelah tanggal persetujuan RUPST 2025 (“Pembelian effective after the date of approval of the 2025 AGMS (“Share Buyback
Kembali Saham Periode 2025”). for the 2025 Period”).
Pada periode Januari sampai Desember 2025, Perseroan telah In the period of January through December 2025, the Company has
melakukan pembelian kembali saham sekitar 110,7 juta lembar repurchased approximately 110.7 million shares at a value of IDR75.6
saham dengan nilai Rp75,6 miliar atau setara dengan 7,6% dari jumlah billion or equivalent to 7.6% of the total Share Buyback approved
Pembelian Kembali Saham yang disetujui melalui RUPST 2024 dan through the AGMS of 2024 and 2025. The average price of the
2025. Harga rata-rata saham yang telah dibeli kembali adalah Rp682,81 repurchased shares was IDR682.81 per share. The details of the Share
per lembar saham. Rincian realisasi Pembelian Kembali Saham tersebut Buyback realization will be outlined in the table below:
akan diuraikan pada tabel dibawah ini:
Tahun RUPST Periode Jumlah Saham Pembelian Kembali Saham Nilai (Rp)
Year AGMS Period Total Shares Repurchased Value (IDR)
2024 Januari s/d April 2025 | January to April 2025 52.220.800 32.133.528.000
2025 Juli s/d September 2025 | July to September 2025 58.512.500 43.476.517.000
Jumlah | Total 110.733.300 75.610.045.000
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INFORMASI TRANSAKSI AFILIASI, TRANSAKSI DENGAN INFORMATION ON AFFILIATED TRANSACTIONS,
PIHAK BERELASI, SERTA TRANSAKSI YANG MENGANDUNG TRANSACTIONS WITH RELATED PARTIES, AND
BENTURAN KEPENTINGAN TRANSACTIONS WITH CONFLICT OF INTERES
Transaksi Dengan Pihak Berelasi Transaction With Related Parties
Perseroan dan Entitas Anak melakukan transaksi dengan pihak berelasi The Company and Subsidiaries conduct transactions with related
sesuai dengan definisi yang diuraikan pada PSAK 224: Pengungkapan parties as defined in PSAK 224: Related Party Disclosures. The entities
Pihak-pihak Berelasi. Entitas dianggap sebagai pihak berelasi dari are considered related parties of the Company due to their common
Perseroan berkaitan dengan kesamaan pemilik. Transaksi ini dilakukan ownership. The transactions are made based on terms agreed by the
berdasarkan persyaratan yang disetujui oleh kedua belah pihak, yang parties, which may different from those made with unrelated parties.
mungkin berbeda dengan transaksi lain yang dilakukan dengan pihak-
pihak yang tidak berelasi.
Sifat hubungan dengan pihak-pihak berelasi, sifat transaksi, dan saldo The relationships with related parties, nature of transactions, and
transaksi dengan pihak-pihak berelasi diungkapkan dalam catatan 35, balances of transactions with related parties are disclosed in note 35,
Catatan atas Laporan Keuangan Konsolidasian Perseroan yang menjadi Notes to the Company’s Consolidated Financial Statements which is
bagian dari Laporan Tahunan ini. part of this Annual Report.
Transaksi yang Mengandung Benturan Kepentingan Transactions Involving Conflict Of Interest
Tidak terdapat transaksi material yang mengandung benturan There were no material transactions that contained conflict of interest
kepentingan di sepanjang tahun 2025. throughout 2025.
PERUBAHAN PERATURAN PERUNDANG-UNDANGAN DAN CHANGE IN LAWS AND REGULATIONS AND THE IMPACT ON
DAMPAKNYA TERHADAP PERUSAHAAN THE COMPANY
Peraturan Ringkasan
No.
Regulation Summary
Undang-undang | Law
1 Undang-Undang Nomor 2 Tahun 2025 tentang Amandemen ini mengatur mengenai perubahan terkait Analisis Dampak Lingkungan (“AMDAL”)
Perubahan Keempat atas Undang-Undang Nomor dan ketentuan mengenai Izin Usaha Pertambangan Terintegrasi, yaitu sebagai berikut:
4 Tahun 2009 tentang Pertambangan Mineral dan 1. AMDAL dan perencanaan pasca-penambangan tidak lagi dimasukkan sebagai bagian dari
Batubara Studi Kelayakan.
2. Pemberian jangka waktu tertentu untuk Izin Usaha Pertambangan (“IUP”) Operasi Produksi
bagi jenis-jenis mineral non-logam tertentu yang terintegrasi dengan fasilitas pengolahan.
Law No. 2 of 2025 on the Fourth Amendment to Law No. This amendment addresses changes related to the Environmental Impact Assessment
4 of 2009 on Mineral and Coal Mining ("AMDAL”) and provisions regarding the Integrated Mining Business License (integrated IUP),
as follows:
1. AMDAL and post-mining planning are no longer defined as part of the Feasibility Study.
2. Granting of a specific time period for Production Operation Mining Business Licenses (“IUP”)
for certain types of non-metal minerals integrated with processing facilities.
Peraturan Pemerintah | Government Regulation
1 Peraturan Pemerintah Nomor 28 Tahun 2025 tentang Peraturan ini mencabut Peraturan Pemerintah Nomor 5 Tahun 2021 tentang Pelaksanaan
Pelaksanaan Perizinan Usaha Berbasis Risiko Perizinan Usaha Berbasis Risiko sehinga berfungsi sebagai landasan hukum bagi persyaratan
dasar perizinan Perubahan signifikan dari Peraturan ini yang berdampak bagi Perseroan antara
lain:
1. Mengenai pembatasan jenis industri tertentu, Peraturan Pemerintah ini mengatur bahwa
untuk mendapatkan perizinan industri bergantung kepada hasil dari jenis industri yang
dilakukan oleh pelaku usaha.
2. AMDAL menjadi terintegrasi dengan Sistem Perizinan Berusaha Terintegrasi, sehingga
pengawasan akan semakin ketat.
3. Persyaratan Dasar menjadi dasar dalam penerbitan Perizinan Berusaha. Adapun Persyaratan
Dasar meliputi:
a. Kesesuaian Kegiatan Pemanfaatan Ruang.
b. Izin Lingkungan.
c. Persetujuan Bangunan Gedung dan Sertifikat Laik Fungsi.
Government Regulation No. 28 of 2025 regarding This Regulation repeals Government Regulation No. 5 of 2021 on the Implementation of Risk-
Implementation of Risk-Based Business Licensing Based Business Licensing, thereby serving as the legal basis for the basic requirements of
business licensing. The significant changes in this Regulation that impact the Company including:
1. Regarding restrictions on certain types of industries, this Government Regulation stipulates
that obtaining an industrial license depends on the results of the type of industry conducted
by the business operator.
2. AMDAL is now integrated into the Integrated Business Licensing System, resulting in stricter
oversight.
3. Basic Requirements serve as the foundation for the issuance of Business Licenses. The Basic
Requirements include:
a. Compliance with Land Use Activities.
b. Environmental Permit.
c. Building Permit and Certificate of Occupancy.
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Analisis dan Pembahasan Manajemen
Management Discussion & Analysis
Peraturan Ringkasan
No.
Regulation Summary
2 Peraturan Pemerintah No. 40 Tahun 2025 tentang Peraturan ini secara umum mengatur cara penggunaan dan pengelolaan energi di tingkat
Kebijakan Energi Nasional nasional. Peraturan ini terutama berisi pembahasan dan arahan kebijakan, yang berfungsi
sebagai pedoman umum bagi para pemangku kepentingan di sektor swasta untuk beberapa
tahun ke depan.
Government Regulation No. 40 of 2025 regarding This regulation generally governs how energy is used and managed at the national level. It
National Energy Policy mainly contains discussions and policy directions, serving as a general guideline for private
sector stakeholders for the upcoming years.
3 Peraturan Pemerintah No. 39 Tahun 2025 tentang Peraturan Pemerintah ini mengubah beberapa ketentuan dalam Peraturan Pemerintah Nomor
Perubahan Kedua atas Peraturan Pemerintah Nomor 96 Tahun 2021 tentang Pelaksanaan Kegiatan Usaha Pertambangan Mineral dan Batubara
96 Tahun 2021 tentang Pelaksanaan Kegiatan Usaha sebagaimana telah diubah dengan Peraturan Pemerintah Nomor 25 Tahun 2024 tentang
Pertambangan Mineral dan Batubara Perubahan atas Peraturan Pemerintah Nomor 96 Tahun 2021 tentang Pelaksanaan Kegiatan
Usaha Pertambangan Mineral dan Batubara. Perubahan signifikan dari Peraturan ini yang
berdampak bagi Perseroan adalah:
1. Perusahaan yang bergerak di bidang pengolahan hilir (hilirisasi) dapat diprioritaskan dalam
alokasi Wilayah Izin Usaha Pertambangan (“WIUP”).
2. Penyesuaian nomenklatur sesuai dengan peraturan terbaru.
Government Regulation No. 39 of 2025 regarding the This Government Regulation amends several provisions of Government Regulation No. 96 of
Second Amendment to Government Regulation No. 2021 regarding the Implementation of Mineral and Coal Mining Business Activities, as amended
96 of 2021 regarding the Conduct of Mineral and Coal by Government Regulation No. 25 of 2024 regarding Amendments to Government Regulation No.
Mining Business Activities 96 of 2021 regarding the Implementation regarding Mineral and Coal Mining Business Activities.
Significant changes in this Regulation that impact the Company are:
1. Companies engaging in downstream processing (hilirisasi) may be prioritized in the allocation
of Mining Business License Areas (“WIUP”).
2. Adjustment of nomenclature in accordance with the latest regulations.
4 Peraturan Pemerintah No. 19 Tahun 2025 tentang Jenis Penerimaan Negara Bukan Pajak yang merupakan bagian pemerintah pusat sebesar 4% (empat
dan Tarif atas Jenis Penerimaan Negara Bukan Pajak persen) dari keuntungan bersih pemegang izin usaha pertambangan khusus dari izin usaha
yang Berlaku pada Kementerian Energi dan Sumber pertambangan khusus sebagai kelanjutan operasi kontrak/perjanjian untuk mineral logam dan
Daya Mineral batubara.
Government Regulation No. 19 of 2025 regarding the Non-Tax State Revenue, which constitutes the central government’s share of 4% (four percent)
Types and Rates of Non-Tax State Revenues Applicable of the net profits of holders of special mining business licenses, derived from such licenses as a
to the Ministry of Energy and Mineral Resources continuation of contract/agreement operations for metallic minerals and coal.
5 Peraturan Pemerintah No. 27 Tahun 2025 tentang Peraturan Pemerintah ini mengatur mengenai perlindungan dan pengelolaan ekosistem
Perlindungan dan Pengelolaan Ekosistem Mangrove mangrove. Ekosistem Mangrove adalah tatanan unsur Mangrove yang merupakan satu kesatuan
utuh menyeluruh yang saling mempengaruhi dalam membentuk keseimbangan, stabilitas, dan
produktivitasnya. Perlindungan dan Pengelolaan Ekosistem Mangrove dilakukan pada kawasan
hutan dan di luar kawasan hutan.
Kegiatan usaha yang berlokasi di kawasan mangrove atau yang menyebabkan kerusakan
pada mangrove wajib melakukan pemulihan. Ketidakpatuhan terhadap kewajiban pemulihan
tersebut dapat mengakibatkan sanksi administratif berupa penangguhan atau pencabutan izin
lingkungan.
Government Regulation No. 27 of 2025 regarding the This Government Regulation governs the protection and management of mangrove ecosystems.
Protection and Management of Mangrove Ecosystems A mangrove ecosystem is a system of mangrove components that form a single, integrated
whole, with each component influencing the others to create balance, stability, and productivity.
The protection and management of mangrove ecosystems are carried out both within and
outside forest areas.
Business activities located in mangrove areas or those causing damage to mangroves are
required to carry out restoration. Failure to perform such restoration may result in administrative
sanctions in the form of suspension or revocation of environmental approval.
Peraturan Menteri | Regulation of Minister
1 Peraturan Menteri ESDM No. 17 Tahun 2025 tentang Peraturan ini mencabut seluruhnya Peraturan Menteri ESDM No. 15 Tahun 2024 dan mencabut
Tata Cara Penyusunan, Penyampaian, dan Persetujuan sebagian Peraturan Menteri ESDM No. 25 Tahun 2018 tentang Pengusahaan Pertambangan
Rencana Kerja dan Anggaran, serta Tata Cara Pelaporan Mineral dan Batubara, sehingga perubahannya menjadi sebagai berikut:
Pelaksanaan Kegiatan Usaha Pertambangan Mineral 1. Penyusunan Rencana Kerja Anggaran dan Biaya (“RKAB”) tahap kegiatan Eksplorasi atau
dan Batubara RKAB tahap kegiatan Operasi Produksi oleh Pemegang IUP tahap kegiatan Eksplorasi,
pemegang IUPK tahap kegiatan Eksplorasi, pemegang IUP tahap kegiatan Operasi Produksi,
pemegang IUPK tahap kegiatan Operasi Produksi, atau pemegang IUPK sebagai Kelanjutan
Operasi Kontrak/Perjanjian, berupa rencana kegiatan usaha Pertambangan Mineral dan
Batubara selama 1 (satu) tahun sebagai pedoman dalam pelaksanaan kegiatan usaha
Pertambangan Mineral dan Batubara.
2. Peraturan ini mengatur mengenai pedoman teknis untuk penyampaian RKAB.
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Peraturan Ringkasan
No.
Regulation Summary
Minister of ESDM Regulation No. 17 of 2025 regarding This Regulation completely repeals Minister of ESDM Regulation No. 15 of 2024 and partially
Procedures for the Preparation, Submission, and repeals Minister of ESDM Regulation No. 25 of 2018 regarding Mineral and Coal Mining Operations,
Approval of Work Plans and Budgets, as well as resulting in the following amendments:
Procedures for Reporting the Implementation of Mineral 1. The preparation of Work Plan Budget and Costs (“RKAB”) for the Exploration phase or the
and Coal Mining Business Activities RKAB for the Production Operations phase by holders of an IUP in the Exploration phase,
holders of an IUPK in the Exploration phase, holders of an IUP in the Production Operations
phase, IUPK holders in the Production Operations phase, or IUPK holders as a Continuation
of Contract/Agreement Operations, in the form of a plan for Mineral and Coal Mining business
activities for a period of 1 (one) year as a guideline for the implementation of Mineral and Coal
Mining business activities.
2. This regulation serves as a technical guideline for the submission of RKAB.
2 Peraturan Menteri Investasi dan Hilirisasi/Badan Peraturan ini berfungsi sebagai peraturan pelaksana untuk perizinan usaha berdasarkan
Koordinasi Penanaman Modal No. 5 Tahun 2025 tentang Peraturan Pemerintah No. 28 Tahun 2025.
Pedoman dan Tata Cara Penyelenggaraan Perizinan
Berusaha Berbasis Risiko dan Fasilitas Penanaman
Modal Melalui Sistem Perizinan Berusaha Terintegrasi
Secara Elektronik (Online Single Submission)
Minister of Investment and Downstream Industry/Head This regulation serves as an implementing regulation for business licensing under Government
of BKPM Regulation No. 5 of 2025 regarding Guidelines Regulation No. 28 of 2025
and Procedures for the Implementation of Risk-Based
Business Licensing and Investment Facilities through
the Electronically Integrated Business Licensing System
(Online Single Submission)
3 Keputusan Menteri ESDM No. 341.K/MB.01/MEM.B/2025 Peraturan ini merupakan peraturan pelaksana dari Peraturan Menteri ESDM No. 17 Tahun 2025
tentang Pedoman Teknis Penyusunan, Evaluasi, dan tentang Tata Cara Penyusunan, Penyampaian, dan Persetujuan Rencana Kerja dan Anggaran,
Persetujuan Rencana Kerja dan Anggaran dalam serta Tata Cara Pelaporan Pelaksanaan Kegiatan Usaha Pertambangan Mineral dan Batubara.
Kegiatan Usaha Pertambangan Mineral dan Batubara
Decree of the Minister of Energy and Mineral Resources This regulation is an implementing regulation of Minister of ESDM Regulation No. 17 of 2025
No. 341.K/MB.01/MEM.B/2025 regarding Technical regarding Procedures for the Preparation, Submission, and Approval of Work Plans and Budgets,
Guidelines for the Preparation, Evaluation, and Approval as well as Procedures for Reporting on the Implementation of Mineral and Coal Mining Business
of Work Plans and Budgets in Mineral and Coal Mining Activities.
Business Activities
PERUBAHAN KEBIJAKAN AKUNTANSI, ALASAN, DAN CHANGES IN ACCOUNTING POLICIES, THE REASONS FOR
DAMPAKNYA TERHADAP LAPORAN KEUANGAN THE CHANGES, AND THEIR IMPACT ON THE FINANCIAL
STATEMENTS
Pada tahun 2025, Perseroan dan Entitas Anak menerapkan beberapa In 2025, the Company and its Subsidiaries adopted several Statements
standar dan amandemen Pernyataan Standar Akuntansi Keuangan of Financial Accounting Standards (PSAK) and amendments thereto that
(PSAK) yang berlaku efektif untuk periode pelaporan yang dimulai pada became effective for reporting periods beginning on or after January 1,
atau setelah 1 Januari 2025. Perseroan tidak melakukan penerapan 2025. The Company did not early adopt any standards, interpretations,
dini atas standar, interpretasi, maupun amandemen lain yang telah or amendments that had been issued but were not yet effective.
diterbitkan namun belum berlaku efektif.
Salah satu perubahan yang diterapkan adalah Amandemen PSAK 221: One of the amendments implemented was Amendment to PSAK
Kekurangan Ketertukaran, yang mengatur penilaian atas ketertukaran 221: Lack of Exchangeability, which provides guidance on assessing
mata uang serta penentuan kurs spot ketika suatu mata uang tidak currency exchangeability and determining spot exchange rates when
dapat dipertukarkan. Amandemen ini juga mengatur tambahan exchangeability is lacking. The amendment also requires additional
pengungkapan guna membantu pengguna laporan keuangan disclosures to help users of financial statements understand the impact
memahami dampak ketidaktersediaan ketertukaran mata uang of the lack of exchangeability on an entity’s financial performance,
terhadap kinerja keuangan, posisi keuangan, dan arus kas entitas. financial position, and cash flows.
Berdasarkan evaluasi manajemen, penerapan amandemen tersebut Based on management’s evaluation, the implementation of the
tidak memberikan dampak material terhadap laporan keuangan amendment did not have a material impact on the Company’s
konsolidasian Perseroan pada tahun 2025. consolidated financial statements in 2025.
Selain itu, Perseroan juga melakukan pemantauan terhadap beberapa In addition, the Company continues to monitor several PSAK
standar dan amandemen PSAK yang telah diterbitkan namun belum standards and amendments that have been issued but are not yet
berlaku efektif, termasuk Amandemen PSAK 109 dan PSAK 107 effective, including Amendments to PSAK 109 and PSAK 107 regarding
mengenai Klasifikasi dan Pengukuran Instrumen Keuangan yang akan Classification and Measurement of Financial Instruments, which will
berlaku efektif mulai 1 Januari 2026, serta PSAK 118 mengenai Penyajian become effective on January 1, 2026, as well as PSAK 118 regarding
dan Pengungkapan dalam Laporan Keuangan yang akan berlaku efektif Presentation and Disclosure in Financial Statements, which will become
mulai 1 Januari 2027. Perseroan saat ini masih melakukan evaluasi effective on January 1, 2027. The Company is currently evaluating the
atas potensi dampak penerapan standar dan amandemen tersebut potential impact of implementing these standards and amendments on
terhadap laporan keuangan konsolidasian di masa mendatang. its future consolidated financial statements.
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TATA KELOLA
PERUSAHAAN
Corporate Governance
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Tata Kelola Perusahaan
Corporate Governance
TATA KELOLA PERUSAHAAN
CORPORATE GOVERNANCE
Bagi Perseroan, tata kelola perusahaan merupakan fondasi
utama dalam penerapan praktik Lingkungan, Sosial, dan Tata
Kelola (ESG). Seiring meningkatnya perhatian investor terhadap
investasi berkelanjutan, kualitas tata kelola menjadi prasyarat
penting dalam pengelolaan dampak sosial dan lingkungan
serta penciptaan nilai jangka panjang.
For the Company, corporate governance constitutes a fundamental pillar in the
implementation of Environmental, Social, and Governance (ESG) practices. As investor
attention to sustainable investment continues to increase, the quality of corporate
governance has become a critical prerequisite for managing social and environmental
impacts as well as for creating long-term value.
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Dewasa ini, penerapan Tata Kelola Perusahaan yang Baik (Good In recent years, the implementation of Good Corporate Governance
Corporate Governance atau GCG) semakin dipahami sebagai fondasi (GCG) has increasingly been recognized as the core foundation of ESG
utama dari praktik ESG, khususnya dalam memastikan proses practices, particularly in ensuring that decision-making processes are
pengambilan keputusan yang bertanggung jawab, transparan, dan conducted in a responsible and transparent manner and take into
mempertimbangkan kepentingan seluruh pemangku kepentingan. account the interests of all stakeholders. Investor attention to the
Perhatian investor terhadap aspek GCG dalam kerangka ESG terus governance aspect within the ESG framework continues to grow, driven
menguat seiring dengan meningkatnya kesadaran bahwa tata kelola by the increasing awareness that effective governance is a prerequisite
yang efektif menjadi prasyarat bagi pengelolaan dampak sosial dan for the sustainable management of social and environmental impacts
lingkungan secara berkelanjutan serta penciptaan nilai jangka panjang. as well as for long-term value creation.
Sebagai perusahaan terbuka, Direksi menjunjung tinggi penerapan As a publicly listed company, the Board of Directors upholds the
prinsip-prinsip GCG di tingkat Perseroan maupun Entitas Anak, tidak implementation of GCG principles across the Company and its
hanya dalam rangka pemenuhan peraturan perundang-undangan, Subsidiaries, not only as a means of complying with applicable laws
tetapi juga sebagai bagian dari upaya menjaga kepercayaan pemegang and regulations, but also as part of its efforts to maintain the trust of
saham dan pemangku kepentingan lainnya. shareholders and other stakeholders.
DASAR ACUAN PENERAPAN GCG
BASIS FOR THE IMPLEMENTATION OF GCG
Penerapan prinsip GCG di Perseroan mengacu pada ketentuan peraturan The implementation of GCG principles within the Company is guided
perundang-undangan yang berlaku, pedoman tata kelola nasional, by applicable laws and regulations, national corporate governance
serta praktik terbaik (best practices) yang diakui secara regional. guidelines, as well as regionally recognized best practices. This
Kerangka acuan tersebut menjadi landasan bagi Perseroan dalam framework serves as the foundation for the Company in formulating
merancang kebijakan, struktur, proses, serta mekanisme pengawasan its policies, structures, processes, and oversight mechanisms to ensure
guna memastikan bahwa pengelolaan Perseroan dijalankan secara that the management of the Company is conducted in an ethical,
beretika, akuntabel, transparan, dan berorientasi pada keberlanjutan. accountable, transparent, and sustainability-oriented manner.
Selain memenuhi kewajiban kepatuhan sebagai perusahaan terbuka, In addition to fulfilling its compliance obligations as a publicly listed
Perseroan juga mengadopsi pedoman tata kelola yang bersifat company, the Company adopts principle-based and internationally
prinsipil dan berstandar internasional sebagai upaya berkelanjutan aligned governance guidelines as part of its ongoing efforts to enhance
untuk meningkatkan kualitas tata kelola, memperkuat kepercayaan the quality of corporate governance, strengthen the confidence of
pemegang saham dan pemangku kepentingan, serta mendukung shareholders and stakeholders, and support long-term value creation.
penciptaan nilai jangka panjang. Dalam konteks tersebut, penerapan In this context, the implementation of GCG within the Company, among
GCG di Perseroan antara lain mengacu pada kerangka regulasi dan others, refers to the following regulatory frameworks and guidelines:
pedoman sebagai berikut:
• Undang-Undang No. 40 Tahun 2007 tentang Perseroan Terbatas • Law No. 40 of 2007 regarding Limited Liability Companies and its
(UU 40/2007) dan seluruh perubahannya; amendment;
• Undang-Undang No. 8 Tahun 1995 tentang Pasar Modal (UU PM); • Law No. 8 of 1995 regarding Capital Markets;
• Peraturan Otoritas Jasa Keuangan (OJK) dan Bursa Efek Indonesia • Relevant regulations issued by the Financial Services Authority
(BEI) yang relevan, termasuk Peraturan OJK No. 21/POJK.04/2015 (OJK) and the Indonesia Stock Exchange (IDX), including OJK
Tentang Penerapan Pedoman Tata Kelola Perusahaan Terbuka, Regulation No. 21/POJK.04/2015 regarding the Implementation
Surat Edaran OJK No. 32/SEOJK.04/2015 Tentang Pedoman Tata of Corporate Governance Guidelines for Public Companies and
Kelola Perusahaan Terbuka; OJK Circular Letter No. 32/SEOJK.04/2015 regarding Corporate
Governance Guidelines for Public Companies;
• Roadmap Tata Kelola Perusahaan Indonesia – OJK 2014; • Indonesia Corporate Governance Roadmap – OJK 2014;
• Pedoman Umum Governansi Korporat Indonesia (PUGKI) 2021; dan • Indonesian Code of Good Corporate Governance (PUGKI) 2021; and
• ASEAN Corporate Governance Scorecard (ACGS) yang dikeluarkan • ASEAN Corporate Governance Scorecard (ACGS) issued by the
oleh ASEAN Capital Market Forum (Revised 2023). ASEAN Capital Markets Forum (Revised 2023).
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Tata Kelola Perusahaan
Corporate Governance
IMPLEMENTASI PRINSIP GCG
IMPLEMENTATION OF GCG PRINCIPLES
Pedoman Umum Governansi Korporat Indonesia (PUGKI) 2021 yang The Indonesian Code of Good Corporate Governance (PUGKI) 2021
diterbitkan oleh Komite Nasional Kebijakan Governansi (KNKG) issued by the National Committee on Governance Policy (KNKG) affirms
menegaskan bahwa seluruh prinsip governansi korporat dijiwai oleh that all corporate governance principles are underpinned by four main
empat pilar utama, yaitu perilaku beretika, akuntabilitas, transparansi, pillars, namely ethical conduct, accountability, transparency, and
dan keberlanjutan. Keempat pilar tersebut menjadi fondasi dalam sustainability. These four pillars serve as the foundation for building
membangun tata kelola yang efektif guna menciptakan nilai jangka effective governance aimed at creating long-term value for shareholders
panjang bagi pemegang saham dan pemangku kepentingan secara and stakeholders in a balanced manner.
berimbang.
Sejalan dengan kerangka tersebut, Perseroan secara konsisten In line with this framework, the Company consistently implements
menerapkan praktik tata kelola perusahaan yang berorientasi pada corporate governance practices oriented toward regulatory
kepatuhan regulasi, penguatan integritas, pengelolaan risiko yang compliance, strengthening integrity, responsible risk management, and
bertanggung jawab, serta integrasi aspek keberlanjutan ke dalam the integration of sustainability aspects into the Company’s business
strategi bisnis Perseroan. strategy.
PERILAKU BERETIKA ETHICAL CONDUCT
Perseroan menempatkan integritas dan perilaku etis sebagai landasan The Company places integrity and ethical conduct as the fundamental
utama dalam seluruh aktivitas usaha. Komitmen tersebut tercermin principles underlying all of its business activities. This commitment
dari penerapan Pedoman Etika dan Perilaku (Code of Ethics and is reflected in the implementation of the Code of Ethics and Conduct
Conduct/COEC) yang berlaku bagi Dewan Komisaris, Direksi, dan (COEC), which applies to the Board of Commissioners, the Board of
seluruh karyawan. COEC dikomunikasikan secara berkelanjutan melalui Directors, and all employees. The COEC is communicated on an ongoing
sosialisasi internal. COEC mencakup prinsip kepatuhan terhadap basis through internal socialization initiatives. It encompasses principles
hukum, pencegahan benturan kepentingan, larangan praktik korupsi of compliance with laws and regulations, prevention of conflicts of
dan gratifikasi, serta penegakan nilai profesionalisme dalam hubungan interest, prohibition of corruption and gratification practices, and the
dengan pemangku kepentingan. upholding of professionalism in relations with stakeholders.
Sebagai perusahaan pertambangan nikel yang beroperasi pada sektor As a nickel mining company operating in a high-risk sector, the Company
berisiko tinggi, Perseroan juga menekankan budaya keselamatan, also emphasizes a culture of safety, social responsibility, and respect
tanggung jawab sosial, dan penghormatan terhadap masyarakat sekitar for communities surrounding its operational areas. The enforcement
wilayah operasi. Penegakan etika tidak hanya menjadi kewajiban of ethical standards is not merely a normative obligation but forms
normatif, tetapi sebagai bagian dari budaya korporasi yang mendukung an integral part of the corporate culture that supports the long-term
keberlangsungan usaha jangka panjang. sustainability of the Company’s business.
AKUNTABILITAS ACCOUNTABILITY
Penerapan pilar akuntabilitas di Perseroan tercermin melalui kejelasan The application of the accountability pillar within the Company is
struktur, peran, dan tanggung jawab organ perusahaan, khususnya reflected in the clarity of the structure, roles, and responsibilities
antara Dewan Komisaris dan Direksi. Pembagian fungsi pengawasan dan of the Company’s governing bodies, particularly between the
pengelolaan dijalankan secara independen namun saling melengkapi, Board of Commissioners and the Board of Directors. The division of
dengan dukungan komite-komite di bawah Dewan Komisaris serta oversight and management functions is carried out independently
unit pendukung di bawah Direksi seperti Departemen Audit Internal & yet complementarily, supported by committees under the Board of
Manajemen Risiko, serta fungsi kepatuhan yang melekat pada struktur Commissioners as well as supporting units under the Board of Directors
manajemen Perseroan. such as the Internal Audit & Risk Management Department and a
compliance function embedded within the Company’s management
structure.
Perseroan menerapkan sistem pengendalian internal dan manajemen The Company implements an integrated internal control system
risiko yang terintegrasi untuk memastikan bahwa setiap keputusan and risk management framework to ensure that every strategic and
strategis dan operasional dapat dipertanggungjawabkan secara wajar operational decision can be accounted for in a fair and measurable
dan terukur. Proses evaluasi kinerja Direksi dan Dewan Komisaris manner. Performance evaluations of the Board of Directors and the
dilakukan secara berkala, termasuk penilaian atas efektivitas Board of Commissioners are conducted on a regular basis, including
pelaksanaan tugas dan pencapaian sasaran strategis Perseroan. assessments of the effectiveness of duty execution and the achievement
Dengan demikian, akuntabilitas tidak hanya diwujudkan dalam of the Company’s strategic objectives. Accordingly, accountability is not
pelaporan, tetapi juga dalam proses pengambilan keputusan dan only manifested through reporting, but also through decision-making
pengawasan berkelanjutan. processes and ongoing oversight.
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TRANSPARANSI TRANSPARENCY
Dalam rangka menjaga kepercayaan pasar dan pemangku kepentingan, In order to maintain market confidence and the trust of stakeholders,
Perseroan berkomitmen untuk menerapkan pengungkapan informasi the Company is committed to implementing transparent, accurate, and
yang transparan, akurat, dan tepat waktu. Komitmen ini diwujudkan timely information disclosure. This commitment is realized through the
melalui penyusunan dan publikasi Laporan Tahunan dan Laporan preparation and publication of the Annual Report and Sustainability
Keberlanjutan, paparan publik, serta keterbukaan informasi yang Report, public expose, as well as public disclosures that present
menyajikan informasi keuangan, non-keuangan, serta aspek-aspek financial and non-financial information, including ESG-related aspects.
ESG.
Perseroan tidak hanya memenuhi kewajiban keterbukaan The Company not only fulfills its information disclosure obligations
informasi sesuai peraturan pasar modal, tetapi juga secara proaktif in accordance with capital market regulations, but also proactively
mengungkapkan kebijakan, struktur tata kelola, manajemen risiko, discloses its policies, governance structure, risk management practices,
serta dampak operasional terhadap lingkungan dan masyarakat. and the operational impacts on the environment and society. Such
Transparansi tersebut menjadi sarana bagi pemegang saham dan transparency enables shareholders and other stakeholders to obtain
pemangku kepentingan lainnya untuk memperoleh gambaran yang a comprehensive understanding of the Company’s performance, risks,
utuh mengenai kinerja, risiko, dan prospek keberlanjutan Perseroan. and sustainability prospects.
KEBERLANJUTAN SUSTAINABILITY
Perseroan mengintegrasikan prinsip keberlanjutan ke dalam model The Company integrates sustainability principles into its business
bisnis dan strategi jangka panjang Perseroan. Komitmen ini tercermin model and long-term strategy. This commitment is reflected in the
dari pengelolaan aspek lingkungan melalui praktik pertambangan management of environmental aspects through responsible mining
yang bertanggung jawab, upaya pengendalian dampak lingkungan, practices, efforts to control environmental impacts, and compliance
serta kepatuhan terhadap peraturan perundang-undangan di bidang with laws and regulations relating to environmental protection and
lingkungan hidup dan keselamatan kerja. occupational health and safety.
Dari aspek sosial, Perseroan menjalankan program pengembangan From a social perspective, the Company implements community
masyarakat, peningkatan keselamatan dan kesejahteraan tenaga kerja, development programs, enhances occupational safety and employee
serta pelibatan pemangku kepentingan di sekitar wilayah operasi. welfare, and engages stakeholders in areas surrounding its operations.
Seluruh inisiatif keberlanjutan tersebut berada di bawah pengawasan All sustainability initiatives are subject to oversight by the Company’s
organ tata kelola perusahaan, sehingga memastikan bahwa penciptaan governance bodies, thereby ensuring that economic value creation
nilai ekonomi berjalan selaras dengan perlindungan lingkungan dan is aligned with environmental protection and social contributions.
kontribusi sosial. Dengan pendekatan ini, keberlanjutan menjadi Through this approach, sustainability becomes an integral part of long-
bagian integral dari penciptaan nilai jangka panjang, bukan sekadar term value creation, rather than merely philanthropic activities.
aktivitas filantropi.
STRUKTUR DAN MEKANISME TATA KELOLA
GOVERNANCE STRUCTURE AND MECHANISMS
STRUKTUR TATA KELOLA GOVERNANCE STRUCTURE
Struktur tata kelola Perseroan secara garis besar terdiri dari organ The Company’s governance structure generally comprises the main
utama yaitu Rapat Umum Pemegang Saham (RUPS), Dewan Komisaris governing bodies, namely the General Meeting of Shareholders
dan Direksi. Setiap organ Perseroan memiliki tugas dan wewenangnya (GMS), the Board of Commissioners, and the Board of Directors. Each
masing-masing yang independen sesuai dengan Anggaran Dasar governing body has independent duties and authorities in accordance
Perseroan serta peraturan perundang-undangan yang berlaku. Dewan with the Company’s Articles of Association and applicable laws and
Komisaris dan Direksi memiliki organ pendukung untuk membantu regulations. The Board of Commissioners and the Board of Directors
pelaksanaan tugas sesuai peraturan perundang-undangan yang are supported by auxiliary bodies to assist in the performance of their
berlaku. Dewan Komisaris dibantu oleh Komite Audit dan Direksi respective duties in compliance with prevailing regulations. The Board
dibantu oleh Sekretaris Perusahaan, Departemen Audit Internal (DAI), of Commissioners is assisted by the Audit Committee, while the Board
Komite Keberlanjutan & Keberagaman, serta Komite Etika & Risiko. of Directors is supported by the Corporate Secretary, the Internal Audit
Department (IAD), the Sustainability & Diversity Committee, and the
Ethics & Risk Committee.
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Tata Kelola Perusahaan
Corporate Governance
Rapat Umum Pemegang Saham
General Meeting of Shareholders
Dewan Komisaris Direksi
Board of Commissioners Board of Directors
Komite Keberlanjutan
Komite Etik dan Risiko
Komite Audit Sekretaris Perusahaan Audit Internal dan Keberagaman
Ethics and Risk
Audit Committee Corporate Secretary Internal Audit Diversity and
Committee
Sustainability Committee
ALUR PELAPORAN DAN PENGAMBILAN KEPUTUSAN REPORTING LINES AND DECISION-MAKING PROCESS
Perseroan menerapkan alur pelaporan dan pengambilan keputusan The Company implements a structured reporting and decision-making
yang terstruktur untuk memastikan bahwa setiap keputusan strategis process to ensure that all strategic and operational decisions are made
dan operasional diambil secara transparan, terukur, dan sejalan dengan in a transparent and measurable manner and are aligned with GCG
prinsip GCG. Kerangka ini dirancang untuk mendukung efektivitas principles. This framework is designed to support the effectiveness of
pengawasan oleh Dewan Komisaris serta akuntabilitas Direksi dalam oversight by the Board of Commissioners and the accountability of the
mengelola kegiatan usaha Perseroan. Board of Directors in managing the Company’s business activities.
Pada tingkat tertinggi, RUPS berperan sebagai organ pengambilan At the highest level, the GMS serves as the principal decision-making
keputusan utama yang menetapkan arah strategis Perseroan, termasuk body that determines the Company’s strategic direction, including the
persetujuan laporan tahunan, penetapan kebijakan strategis tertentu, approval of the annual report, the establishment of certain strategic
serta pengangkatan dan pemberhentian anggota Dewan Komisaris dan policies, and the appointment and dismissal of members of the Board
Direksi. Pertanggungjawaban atas pengelolaan Perseroan disampaikan of Commissioners and the Board of Directors. Accountability for the
melalui laporan yang disusun secara transparan dan dapat diakses oleh management of the Company is conveyed through reports that are
pemegang saham. RUPS terdiri dari: prepared in a transparent manner and made accessible to shareholders.
The GMS consists of :
1. RUPS Tahunan (RUPST) yang diselenggarakan 1 (satu) kali setiap 1. Annual General Meeting of Shareholders (AGMS), which shall be
tahun buku; dan convened once in each financial year; and
2. RUPS Luar Biasa (RUPSLB) yang dapat diadakan sewaktu-waktu 2. Extraordinary General Meeting of Shareholders (EGMS), which may
berdasarkan kebutuhan, dengan agenda-agenda antara lain: be convened at any time as required by the Company, with agendas
including:
- Penambahan Modal; - Capital increment;
- Perubahan Anggaran Dasar; - Amendment to the Articles of Association;
- Perubahan susunan Direksi dan/atau Dewan Komisaris; - Changes in the composition of the Board of Directors and/or
Board of Commissioners;
- Pelaksanaan aksi korporasi tertentu; dan/atau - Certain corporate actions; and/or
- Kebutuhan Perseroan lainnya. - Other corporate needs of the Company.
Dewan Komisaris menjalankan fungsi pengawasan dan pemberian The Board of Commissioners performs its supervisory and advisory
nasihat terhadap kebijakan dan pelaksanaan pengelolaan Perseroan functions with respect to the policies and implementation of the
oleh Direksi. Dalam menjalankan tugas tersebut, Dewan Komisaris Company’s management by the Board of Directors. In carrying out these
menerima laporan berkala dan insidentil dari Direksi dan Komite Audit duties, the Board of Commissioners receives periodic and incidental
mengenai kinerja operasional, kondisi keuangan, manajemen risiko, reports from the Board of Directors and the Audit Committee concerning
kepatuhan, dan isu-isu strategis, termasuk aspek keberlanjutan. Hasil operational performance, financial condition, risk management,
pengawasan dan arahan Dewan Komisaris menjadi bagian integral compliance, and strategic issues, including sustainability aspects. The
dalam proses pengambilan keputusan Direksi. outcomes of the Board of Commissioners’ oversight and guidance form
an integral part of the Board of Directors’ decision-making process.
Direksi bertanggung jawab atas pengelolaan kegiatan operasional The Board of Directors is responsible for the Company’s day-to-day
sehari-hari dan pengambilan keputusan bisnis Perseroan. Keputusan operations and business decision-making processes. Operational and
operasional dan strategis diambil berdasarkan informasi dan analisis strategic decisions are undertaken based on information and analyses
yang disampaikan oleh unit-unit terkait, termasuk kinerja mengenai provided by relevant units, including reports relating to operational
operasional, kondisi keuangan, manajemen risiko, kepatuhan, dan performance, financial performance, risk, management, compliance,
aspek keberlanjutan. Dalam menjalankan tugas dan tanggung jawab and sustainability aspects. In performing its duties and responsibilities,
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ini, Direksi memastikan bahwa setiap keputusan diambil dengan the Board of Directors ensures that each decision is made with due
memperhatikan kepatuhan terhadap peraturan perundang-undangan consideration with prevailing laws and regulations, internal policies,
yang berlaku, kebijakan internal Perseroan, serta penerapan prinsip and the prudential principle.
kehati-hatian.
Sebagai bagian dari mekanisme pengawasan berlapis, Perseroan As part of a layered oversight mechanism, the Company implements a
menerapkan sistem pengendalian internal dan manajemen risiko yang layered and integrated internal control and risk management system,
berlapis dan terintegrasi, yang secara substansi sejalan dengan konsep which is substantively aligned with the three lines of defense concept.
three lines of defense di mana unit operasional berperan sebagai Under this approach, operational units act as the first line of defense,
lini pertama, fungsi Manajemen Risiko dan Kepatuhan sebagai lini Risk management and compliance functions serve as the second line of
kedua, sementara DAI sebagai lini ketiga. DAI melaporkan hasil audit defense, while the IAD functions act as the third line of defense. The IAD
dan evaluasinya secara independen kepada Direktur Utama, dengan function independently reports its audit and evaluation results to the
penyampaian laporan kepada Komite Audit dan Dewan Komisaris, President Director, with reports also submitted to the Audit Committee
guna memastikan objektivitas dan efektivitas pengendalian internal. and the Board of Commissioners, in order to ensure objectivity and
effectiveness of internal control.
Melalui alur pelaporan dan pengambilan keputusan tersebut, Perseroan Through this reporting and decision-making framework, the Company
memastikan bahwa setiap kebijakan dan tindakan manajemen dapat ensures that all management policies and actions are accountable,
dipertanggungjawabkan, diawasi secara memadai, serta selaras subject to adequate oversight, and aligned with the interests of
dengan kepentingan pemegang saham dan pemangku kepentingan shareholders and other stakeholders.
lainnya.
GCG SOFT STRUCTURE GCG SOFT STRUCTURE
Agar berbagai organ tata kelola Perseroan tersebut di atas dapat To enable the various governance organs mentioned above to
berkolaborasi secara efektif, Perseroan merumuskan mekanisme tata collaborate effectively, the Company has established governance
kelola yang dituangkan dalam berbagai perangkat dan kebijakan mechanisms set forth in various instruments and policies that
sebagai bagian dari soft structure GCG. Penyusunan soft structure constituting its GCG soft structure. The development of this soft
bertujuan untuk membantu dan memastikan setiap organ tata kelola structure is intended to assist and ensure that each governance organs
memahami fungsi, peran, serta batasan tanggung jawabnya masing- clearly understand their functions, roles, and scope of responsibilities,
masing dalam rangka memisahkan tanggung jawab antar organ tata thereby supporting the clear segregation of duties among governance
kelola. Perseroan secara berkala melakukan peninjauan dan mengkaji organs. The Company periodically reviews and enhances the
efektivitas soft structure untuk memastikan penerapan GCG dapat effectiveness of its GCG soft structure to ensure the implementation
berjalan secara optimal dan selaras dengan perkembangan dunia of GCG is carried out optimally and remains aligned with the dynamic
usaha yang dinamis. developments of the business environment.
Komponen Soft Structure Keterangan
Soft Structure Components Description
Anggaran Dasar Sejak pendirian Perseroan, Anggaran Dasar Perseroan telah beberapa kali mengalami perubahan. Perubahan terakhir dimuat
Articles of Association dalam Akta No. 18 tanggal 3 Mei 2023, yang dibuat di hadapan Jimmy Tanal, S.H., M.Kn., Notaris di Jakarta Selatan yang
penerimaan pemberitahuan atas perubahan Anggaran Dasar tersebut telah diterima dan dicatat dalam Sistem Administrasi
Badan Hukum Kementerian Hukum dan Hak Asasi Manusia Republik Indonesia melalui Surat No. AHU-AH.01.03-0059867
tanggal 5 Mei 2023.
Since its establishment, the Company’s Articles of Association have undergone several amendments. The latest amendment
is stipulated in the Deed No. 18 dated May 3, 2023, made before Jimmy Tanal, Bachelor of Law, Magister of Notary, Notary in
South Jakarta, that the notification of the amendment to the Articles of Association has been duly received and recorded in
the Legal Entity Administration System of the Ministry of Law and Human Rights of the Republic of Indonesia through Decree
No. AHU-AH.01.03-0059867 dated May 5, 2023.
Pedoman Etika dan Perilaku (COEC) COEC dikeluarkan dan disahkan oleh Direksi dan Dewan Komisaris pada 13 Desember 2022. COEC terdiri dari pedoman
Code of Ethics and Conduct (COEC) perilaku hubungan antara anggota PT Trimegah Bangun Persada Tbk; pedoman perilaku hubungan dengan pemangku
kepentingan, pedoman perilaku keselamatan, kesehatan kerja, dan lingkungan hidup; pedoman perilaku perlindungan aset
perusahaan; serta pedoman perilaku terkait benturan kepentingan dan gratifikasi. COEC berlaku dan mengikat bagi setiap
anggota grup Perseroan di seluruh level organisasi tanpa kecuali.
The COEC was issued and approved by the Board of Directors and the Board of Commissioners on December 13, 2022. The
COEC comprises guidelines governing conduct among members of PT Trimegah Bangun Persada Tbk, conduct in relations
with stakeholders, occupational health, safety, and environmental conduct, protection of the Company’s assets, as well as
conduct related to conflicts of interest and gratification. The COEC applies to and is binding on all members of the Company
Group at all organizational levels without exception.
Kebijakan tentang Tata Kerja Board Manual dikeluarkan dan disahkan oleh Direksi dan Dewan Komisaris pada 13 Desember 2022. Board Manual merupakan
Dewan (Board Manual) kesepakatan/komitmen kerja antara Dewan Komisaris dan Direksi yang berisi kompilasi dari prinsip-prinsip hukum korporasi,
Board Manual Policy peraturan perundang-undangan yang berlaku dan ketentuan Anggaran Dasar yang mengatur tata kerja dari Dewan Komisaris
dan Direksi Perseroan dan menerapkan praktik terbaik (best practices) GCG.
The Board Manual was issued and approved by the Board of Directors and the Board of Commissioners on December 13, 2022.
The Board Manual constitutes a working agreement and commitment between the Board of Commissioners and the Board of
Directors, containing a compilation of corporate law principles, applicable laws and regulations, and provisions of the Articles
of Association governing the working procedures of the Board of Commissioners and the Board of Directors of the Company,
and incorporates GCG best practices.
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Komponen Soft Structure Keterangan
Soft Structure Components Description
Piagam Komite Audit Piagam Komite Audit dikeluarkan dan disahkan oleh Dewan Komisaris pada 13 Desember 2022. Piagam ini merupakan
Audit Committee Charter pedoman bagi Komite Audit dalam melaksanakan tugas dan tanggung jawabnya secara efisien, efektif, transparan,
independen, dan dapat dipertanggungjawabkan sesuai dengan peraturan dan ketentuan yang berlaku sehingga dapat
diterima oleh semua pihak yang berkepentingan.
The Audit Committee Charter was issued and approved by the Board of Commissioners on December 13, 2022. This Charter
serves as a guideline for the Audit Committee in carrying out its duties and responsibilities in an efficient, effective, transparent,
independent, and accountable manner in accordance with applicable laws and regulations, thereby ensuring acceptance by
all relevant stakeholders.
Piagam Komite Nominasi dan Piagam Komite Nominasi dan Remunerasi disusun dan disahkan oleh Dewan Komisaris pada 13 Desember 2022. Piagam ini
Remunerasi menjadi pedoman bagi Komite Nominasi dan Remunerasi dalam melaksanakan tugas dan tanggung jawabnya secara efektif,
Nomination and Remuneration independen, transparan, dan akuntabel, khususnya dalam mendukung Dewan Komisaris terkait proses nominasi, evaluasi
Committee Charter kinerja, pengembangan kompetensi, serta kebijakan remunerasi Direksi dan Dewan Komisaris sesuai dengan peraturan yang
berlaku dan prinsip tata kelola perusahaan yang baik.
The Nomination and Remuneration Committee Charter was prepared and approved by the Board of Commissioners on
December 13, 2022. The Charter serves as a guideline for the Nomination and Remuneration Committee in carrying out its
duties and responsibilities effectively, independently, transparently, and accountably, particularly in supporting the Board
of Commissioners with respect to nomination processes, performance evaluation, competency development, as well as
remuneration policies for the Board of Directors and Board of Commissioners in accordance with applicable regulations and
the principles of good corporate governance.
Piagam Komite Etik & Risiko Piagam Komite Etik & Risiko diterbitkan dan ditandatangani oleh Ketua dan Anggota Komite pada 6 Januari 2023. Piagam
Ethics & Risk Committee Charter ini merupakan pedoman bagi Komite untuk melaksanakan tugas dan tanggung jawabnya secara efisien, efektif, transparan,
independen, dan dapat dipertanggungjawabkan sesuai dengan peraturan dan ketentuan yang berlaku sehingga dapat
diterima oleh semua pihak yang berkepentingan.
The Ethics and Risk Committee Charter was issued and signed by the Chairperson and members of the Committee on January
6, 2023. This Charter serves as a guideline for the Committee in carrying out its duties and responsibilities in an efficient,
effective, transparent, independent, and accountable manner in accordance with applicable laws and regulations, and to
ensure acceptance by all relevant stakeholders.
Piagam Komite Piagam Komite Keberlanjutan & Keberagaman diterbitkan dan ditandatangani oleh Ketua dan Anggota Komite pada 6 Januari
Keberlanjutan & 2023. Piagam ini disusun untuk mendukung Kebijakan Keberlanjutan Perseroan dan sebagai pedoman bagi Komite untuk
Keberagaman menjalankan tugas dan tanggung jawabnya secara efisien, efektif, transparan, independen, akuntabel, serta memastikan
Sustainability & Diversity kepatuhan terhadap peraturan dan ketentuan yang berlaku sehingga dapat diterima oleh semua pihak terkait.
Committee Charter The Sustainability and Diversity Committee Charter was issued and signed by the Chairperson and members of the Committee
on January 6, 2023. This Charter was prepared to support the Company’s Sustainability Policy and serves as a guideline for the
Committee in performing its duties and responsibilities in an efficient, effective, transparent, independent, and accountable
manner, as well as in ensuring compliance with applicable laws and regulations, so as to be acceptable to all relevant parties.
Piagam Audit Internal Piagam Audit Internal diterbitkan dan disahkan oleh Direksi dan Dewan Komisaris pada 13 Desember 2022. Piagam ini
Internal Audit Charter merupakan pedoman bagi DAI dalam melaksanakan tugasnya sehingga tercapai kesamaan pengertian dan kerja sama yang
baik dalam mewujudkan sasaran dan tujuan Perseroan.
The Internal Audit Charter was issued and approved by the Board of Directors and the Board of Commissioners on December
13, 2022. The Charter serves as a guideline for the IAD in performing its duties to ensure a common understanding and effective
cooperation in achieving the Company’s objectives and targets.
Kebijakan Sistem Kebijakan Sistem Whistleblowing (WBS) diterbitkan dan disetujui oleh Direksi Perseroan pada 13 Desember 2022 dan
Whistleblowing (WBS) diperbarui oleh Head of Human Resources & General Affair dan Direktur Utama pada 17 April 2024 (Revisi 1). Kebijakan ini
The Whistleblowing System (WBS) diterbitkan dalam rangka memberikan kesempatan bagi seluruh pemangku kepentingan Perseroan dan masyarakat untuk
Policy dapat mengawasi dan menyampaikan laporan/ pengaduan atas dugaan pelanggaran terhadap prinsip-prinsip GCG serta nilai-
nilai etika yang berlaku dalam Perseroan khususnya yang berkaitan dengan integritas dan transparansi.
The Whistleblowing System (WBS) Policy was issued and approved by Board of Director on December 13, 2022 and subsequently
updated by the Head of Human Resources & General Affairs and the President Director on April 17, 2024 (Revision 1). This policy
was established to provide opportunities for all stakeholders and the public to monitor and report any alleged violations of
GCG principles and ethical values applicable within the Company, particularly those related to integrity and transparency.
Kebijakan Anti-Penyuapan/ Kebijakan Anti-Penyuapan/ Gratifikasi, Korupsi, dan Pencucian Uang diterbitkan dan disetujui oleh Direksi Perseroan pada
Gratifikasi, Korupsi, dan Pencucian 13 Desember 2022 dan diperbarui oleh Direktur Sustainability dan Direktur Utama pada 4 Juni 2025 (Revisi 1). Kebijakan ini
Uang dibuat untuk menunjukkan komitmen Perseroan untuk menjalankan etika dan nilai-nilai dalam kegiatan usahanya dengan
Anti Bribery/Gratification, cara yang taat hukum, baik di luar negeri maupun saat menjalankan bisnis di Indonesia.
Corruption, and Money Laundering The Anti-Bribery/Gratification, Corruption, and Money Laundering Policy was issued and approved by Board of Director on
Policy December 13, 2022 and subsequently updated by the Director of Sustainability and the President Director on June 4, 2025
(Revision 1). This policy demonstrates the Company’s commitment to conducting its business activities ethically and in
compliance with applicable laws, both domestically and internationally.
Kebijakan Persaingan Usaha Kebijakan Persaingan Usaha diterbitkan dan disetujui oleh Direktur Utama pada 31 Juli 2023. Kebijakan ini mengacu pada
Anti-Competition Prevention Policy Pasal 3 Undang-Undang Nomor 5 Tahun 1999 tentang Larangan Praktik Monopoli dan Persaingan Usaha, Peraturan Pemerintah
Nomor 44 tahun 2021 tentang Pelaksanaan Larangan Praktik Monopoli dan Persaingan Usaha Tidak Sehat, serta peraturan/
pedoman yang diterbitkan oleh Komisi Pengawas Persaingan Usaha (KPPU). Kebijakan ini berlaku untuk seluruh pemasok
barang dan jasa di lingkungan Perseroan, Entitas Anak dan Entitas Asosiasi atau pihak yang berafiliasi.
The Anti-Competition Prevention Policy was issued and approved by the President Director on July 31, 2023. This policy refers
to Article 3 of Law No. 5 of 1999 on the Prohibition of Monopolistic Practices and Unfair Business Competition, Government
Regulation No. 44 of 2021 on the Implementation of the Prohibition of Monopolistic Practices and Unfair Business Competition,
as well as regulations and guidelines issued by the Business Competition Supervisory Commission (Komisi Pengawas
Persaingan Usaha/KPPU). The policy applies to all suppliers of goods and services within the Company, its Subsidiaries, and
Associated Entities or affiliates.
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Komponen Soft Structure Keterangan
Soft Structure Components Description
Kebijakan Pengadaan yang Kebijakan Pengadaan yang Bertanggung Jawab diterbitkan dan disetujui oleh Direktur Utama pada 31 Juli 2023 dan diperbarui
Bertanggung Jawab oleh Direktur Utama pada 20 Juni 2024 (Revisi 3). Kebijakan ini diterbitkan sebagai komitmen Perseroan dalam melaksanakan
Responsible Sourcing Policy praktik pengadaan barang dan jasa yang bertanggung jawab melalui hubungan saling menguntungkan dengan para pemasok
berdasarkan integritas bisnis, kepercayaan, dan komitmen bersama untuk memenuhi atau melampaui persyaratan pelanggan
Perseroan. Kebijakan ini berlaku untuk seluruh pemasok barang dan jasa di lingkungan Perseroan, Entitas Anak dan Entitas
Asosiasi atau yang berafiliasi.
The Responsible Sourcing Policy was issued and approved by the President Director on July 13, 2023 and subsequently
updated by President Director on June 20, 2024 (Revision 3). This policy was established as the Company’s commitment
to implementing responsible procurement practices for goods and services through mutually beneficial relationships with
suppliers, based on business integrity, trust, and a shared commitment to meeting or exceeding the Company’s customer
requirements. This policy applies to all suppliers of goods and services within the Company, its Subsidiaries, and Associated
or affiliated Entities.
Kebijakan Tentang Seleksi & Kebijakan Tentang Seleksi & Peningkatan Kemampuan Pemasok atau Vendor diterbitkan dan disahkan oleh Direksi dan
Peningkatan Kemampuan Pemasok Dewan Komisaris pada 13 Desember 2022. Kebijakan ini bertujuan untuk memastikan agar proses seleksi serta evaluasi atas
atau Vendor pengadaan barang/jasa di Perseroan dilaksanakan secara efektif, efisien, kompetitif, adil dan wajar, transparan, serta dapat
Supplier or Vendor Performance dipertanggungjawabkan.
Improvement and Selection Policy The Supplier or Vendor Performance Improvement and Selection Policy was issued and approved by the Board of Directors
and the Board of Commissioners on December 13, 2022. This policy aims to ensure that the selection and evaluation processes
for the procurement of goods and services within the Company are conducted in an effective, efficient, competitive, fair and
reasonable, transparent, and accountable manner.
Kebijakan Konflik Kepentingan Kebijakan Konflik Kepentingan diterbitkan dan disetujui oleh Direktur Sustainability dan Direktur Utama pada 20 Agustus
Conflict of Interest Policy 2024. Kebijakan ini bertujuan untuk melindungi kepentingan Perseroan dalam mempertimbangkan untuk melakukan
transaksi atau perjanjian sebagai bagian dari praktik bisnis standar. Kebijakan ini mencerminkan dedikasi Perseroan untuk
menjalankan operasi penambangan dan pengolahannya dengan standar integritas, ketidakberpihakan, dan transparansi
tertinggi.
The Conflict of Interest Policy was issued and approved by the Director of Sustainability and the President Director on August
20, 2024. This policy aims to protect the Company’s interests on considering transactions or agreements as part of its standard
business practices. The policy reflects the Company’s commitment to conducting its mining and processing operations in
accordance with the highest standards of integrity, impartiality, and transparency.
Kebijakan Hak Asasi Manusia Kebijakan Hak Asasi Manusia diterbitkan dan disetujui oleh Direktur Utama pada 6 Februari 2023 dan diperbarui (Revisi 2)
Human Rights Policy pada 26 Januari 2026. Kebijakan ini merupakan pedoman untuk kebijakan atau prosedur lain yang berkaitan dengan Hak Asasi
Manusia (HAM) yang telah dan akan disusun dengan melibatkan para pemangku kepentingan utama Perseroan, terutama
untuk pihak-pihak yang rentan dan terpengaruh oleh dampak HAM terkait dengan aktivitas usaha Perseroan.
The Human Rights Policy was issued and approved by the President Director on February 6, 2023 and subsequently updated
(Revision 2) on 26 January 2026. This policy serves as a guideline for other human rights–related policies or procedures
that have been or will be developed through the involvement of the Company’s key stakeholders, particularly those most
vulnerable to and affected by human rights impacts arising from the Company’s business activities.
Kebijakan Tanggung Jawab Sosial Kebijakan Tanggung Jawab Sosial Perusahaan diterbitkan dan disetujui oleh Direktur Utama pada 27 Juni 2025. Kebijakan ini
Perusahaan merupakan komitmen Perseroan untuk melaksanakan sepenuhnya tanggung jawab sosial dan lingkungan perusahaan. Hal
Corporate Social Responsibility ini dilakukan sebagai langkah strategis dalam rangka berkontribusi pada pembangunan berkelanjutan dan mendukung visi
Policy dan misi Perseroan.
The Corporate Social Responsibility (CSR) Policy was issued and approved by President Director on June 27, 2025. This policy
represents the Company’s commitment to fully implementing its social and environmental responsibilities as a strategic effort
to contribute to sustainable development and to support the Company’s vision and mission.
Kebijakan Keberlanjutan Grup Kebijakan Keberlanjutan Grup diterbitkan dan disetujui oleh seluruh Direksi dan Dewan Komisaris Perseroan pada 6 Januari
Group Sustainability Policy 2023 dan diperbarui oleh Direktur Sustainability dan Direktur Utama pada 16 Juni 2025 (Revisi 1). Kebijakan ini disusun
berdasarkan pada kebijakan dan praktik Perseroan yang ada; hukum dan peraturan Indonesia dan standar internasional
untuk penambangan, peleburan dan pemurnian yang bertanggung jawab; serta panduan untuk bidang-bidang kebijakan
yang tematik dan kerangka kerja keberlanjutan yang menyeluruh, seperti Tujuan Pembangunan Berkelanjutan (TPB).
The Group Sustainability Policy was issued and approved by all the Board of Directors and the Board of Commissioners
on January 6, 2023 and subsequently updated by the Director of Sustainability and the President Director on June 16,
2025 (Revision 1). This policy was developed based on the Company’s existing policies and practices, Indonesian laws and
regulations, and international standards for responsible mining, smelting, and refining, as well as guidance from thematic
policy areas and comprehensive sustainability frameworks, including the Sustainable Development Goals (SDGs).
Kebijakan Perjanjian Pihak-Pihak Kebijakan Perjanjian Pihak-Pihak Berkepentingan Berkelanjutan diterbitkan dan disetujui oleh Direktur Sustainability dan
Berkepentingan Berkelanjutan Direktur Utama pada 4 Juni 2025. Kebijakan ini memberikan arahan strategis dan struktur tata kelola yang jelas dalam
Sustainability Stakeholder membangun pelibatan pemangku kepentingan yang efektif. Kebijakan ini mencerminkan sikap proaktif Perseroan dalam
Engagement Policy membangun hubungan yang transparan dan bermakna dengan organisasi non-pemerintah, kalangan akademisi, dan asosiasi
industri.
The Sustainability Stakeholder Engagement Policy was issued and approved by the Director of Sustainability and the President
Director on June 4, 2025. This policy provides strategic direction and a clear governance structure for building effective
stakeholder engagement. It reflects the Company’s proactive approach in fostering transparent and meaningful relationships
with non-governmental organizations, academia, and industry associations.
Kebijakan Perusahaan Tentang Kebijakan Perusahaan Tentang Pengamanan diterbitkan dan disetujui oleh Direktur Utama pada 26 Agustus 2025. Kebijakan
Pengamanan ini merupakan komitmen Perseroan untuk memberikan perlindungan terhadap karyawan, aset, fasilitas, dan operasi
Company Policy on Security Perseroan sejalan dengan visi, misi, dan nilai inti perusahaan.
The Company Policy on Security was issued and approved by the President Director on August 26, 2025. This policy represents
the Company’s commitment to safeguarding its employees, assets, facilities, and operations in alignment with the Company’s
vision, mission, and core values.
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Tata Kelola Perusahaan
Corporate Governance
Kegiatan Penguatan GCG Tahun 2025
GCG Strengthening Initiatives in 2025
Sepanjang tahun 2025, Perseroan terus memperkuat penerapan GCG Throughout 2025, the Company continued to strengthen the GCG
melalui berbagai inisiatif yang berfokus pada peningkatan kompetensi, implementation through various initiatives focused on enhancing
kesadaran, serta penyempurnaan kebijakan dan sistem pengendalian competence, awareness, as well as refining policies and internal control
internal. Salah satu langkah utama yang dilakukan adalah penyelenggaraan systems. One of the key initiatives was the implementation of Human
pelatihan Hak Asasi Manusia (HAM) kepada para champion tim koordinasi Rights training for designated Human Rights coordination champions in
HAM di setiap departemen, yang selanjutnya bertanggung jawab untuk each department, who are subsequently responsible for disseminating
melakukan sosialisasi kepada seluruh anggota di unit kerjanya, sehingga the knowledge across their respective teams, ensuring consistent
memastikan pemahaman yang merata di seluruh organisasi. understanding throughout the organization.
Dalam rangka meningkatkan budaya kepatuhan dan integritas, Perseroan To further reinforce a culture of compliance and integrity, the Company also
secara masif juga menyelenggarakan berbagai program pelatihan, antara conducted extensive training programs covering the Whistleblowing System
lain terkait Whistleblowing System (WBS), Anti-Bribery & Corruption (ABC), (WBS), Anti-Bribery and Corruption (ABC), Anti-Money Laundering (AML),
Anti-Money Laundering (AML), serta HAM, yang telah diikuti oleh sebagian and Human Rights, which were attended by the majority of employees.
besar karyawan. Inisiatif ini menjadi bagian dari upaya berkelanjutan These initiatives form part of the Company’s continuous efforts to cultivate
Perseroan dalam membangun budaya kerja yang beretika, transparan, an ethical, transparent, and compliant work environment.
dan bebas dari praktik pelanggaran.
Dari sisi kebijakan, Perseroan melakukan penyempurnaan terhadap From a policy perspective, the Company enhanced its Anti-Bribery,
kebijakan Anti-Bribery, Corruption, and Money Laundering dengan Corruption, and Money Laundering policy by expanding its scope to include
memperluas cakupan kebijakan hingga mencakup pemasok, serta suppliers and by introducing reporting mechanisms related to ABC, AML,
menambahkan mekanisme pelaporan terkait ABC, AML guna memperkuat thereby strengthening internal control and risk mitigation. In addition, the
sistem pengendalian dan mitigasi risiko. Selain itu, Perseroan juga terus Company continued to develop Standard Operating Procedures (SOPs)
mengembangkan Standar Operasional Prosedur (SOP) sebagai instrumen as a key instrument in supporting GCG implementation. Throughout
penting dalam mendukung penerapan GCG. Sepanjang tahun 2025, 2025, a number of SOPs were developed and issued across departments
sejumlah SOP telah disusun dan diterbitkan untuk seluruh departemen and business units to ensure standardized, accountable, and consistent
dan unit bisnis, guna memastikan proses kerja yang terstandarisasi, processes, while supporting the Company’s sustainable performance
akuntabel, dan konsisten, sekaligus mendukung peningkatan kinerja improvement.
Perseroan secara berkelanjutan.
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RAPAT UMUM PEMEGANG SAHAM
GENERAL MEETING OF SHAREHOLDERS
Pada tahun 2025, Perseroan menyelenggarakan 1 (satu) kali RUPS, In 2025, the Company convened 1 (one) General Meeting of Shareholders,
yakni RUPST untuk pertanggungjawaban kinerja tahun buku 2024 pada namely the Annual General Meeting of Shareholders (AGMS) for the
tanggal 18 Juni 2025. RUPST diselenggarakan secara fisik dan secara accountability of the 2024 financial year, which was held on June 18,
elektronik dengan menggunakan fasilitas Electronic General Meeting 2025. The AGMS was conducted both physically and electronically using
System KSEI (eASY.KSEI) yang disediakan oleh PT Kustodian Sentral the Electronic General Meeting System (eASY.KSEI) facility provided by
Efek Indonesia (KSEI). PT Kustodian Sentral Efek Indonesia (KSEI).
Kepatuhan Terhadap POJK No. 15/2020
Compliance with POJK No. 15/2020
Pemberitahuan Penyelenggaraan RUPST kepada Regulator 2 Mei 2025
Notification of the AGMS to Regulators May 2, 2025
Pengumuman RUPST 9 Mei 2025
AGMS Announcement May 9, 2025
Pemanggilan RUPST 27 Mei 2025
AGMS Convocation May 27, 2025
Penyelenggaraan RUPST 18 Juni 2025
AGMS Organization June 18, 2025
Pihak Independen untuk melakukan proses penghitungan suara PT Adimitra Jasa Korpora sebagai Biro Administrasi Efek yang ditunjuk Perseroan dengan
dan validasinya mekanisme pemungutan suara dan divalidasi serta dihitung di hadapan Jimmy Tanal, S.H.,
Independent Party to carry out the process of counting and M.Kn., Notaris di Jakarta Selatan.
validating votes PT Adimitra Jasa Korpora as a Share Registrar appointed by the Company with voting
mechanism and validated and calculated before Jimmy Tanal, S.H., M.Kn., Notary in South
Jakarta.
Pengumuman Ringkasan Risalah RUPST dan Penyampaian 20 Juni 2025, melalui situs web Perseroan dan situs web BEI.
kepada OJK June 20, 2025, through the Company website and the IDX website.
Announcement of the Summary of Minutes of the AGMS and
Submission to the OJK
Kewajiban pelaporan di atas dilakukan oleh Perseroan menggunakan The Company fulfils its reporting obligation using electronic reporting
sistem pelaporan elektronik BEI dan OJK. system of BEI and OJK.
Pelaksanaan RUPST
Implementation of the AGMS
Hari/Tanggal Rabu, 18 Juni 2025 Wednesday, June 18, 2025
Day/Date
Waktu 09.52 WIB – 11.18 WIB 09.52 AM – 11.18 AM
Time
Tempat Kalimantan & Maluku Room, Lantai 1, Kalimantan & Maluku Room, 1st Floor
Venue Shangri-La Jakarta, Kota BNI, Shangri-La Jakarta, BNI City,
Jl. Jend. Sudirman Kav. 01 Jl. Jend. Sudirman Kav. 01
Jakarta Pusat 10220 Central Jakarta 10220
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Tata Kelola Perusahaan
Corporate Governance
Mata Acara Rapat 1. Persetujuan atas Laporan Tahunan Perseroan dan 1. Approval of the Annual Report and Ratification of the
Meeting Agenda Pengesahan Laporan Keuangan Konsolidasian Audited Consolidated Financial Statements of the
Auditan Perseroan dan Entitas Anak untuk Tahun Company and Its Subsidiaries for the Financial Year
Buku yang berakhir pada tanggal 31 Desember 2024. ended on December 31, 2024.
2. Laporan Pelaksanaan Tugas Pengawasan Dewan 2. The Supervisory Report of the Board of
Komisaris selama Tahun Buku 2024. Commissioners during 2024 Financial Year.
3. Penetapan Penggunaan Hasil Usaha Perseroan 3. Approval on the Utilization of Company’s Profit for
untuk Tahun Buku yang berakhir pada 31 Desember the Financial Year Ended on December 31, 2024
2024 (termasuk penggunaan laba dan pembagian (including use of profits and dividend distribution).
dividen).
4. Penunjukkan Akuntan Publik untuk melakukan audit 4. Appointment of Registered Public Accountants
atas Laporan Keuangan Perseroan untuk Tahun Buku to conduct an audit of the Company’s Financial
yang berakhir pada tanggal 31 Desember 2025. Statements for the Financial Year ended on December
31, 2025.
5. Penetapan Gaji/ Honorarium dan Tunjangan Lainnya 5. Approval on the Salary/ Honorarium and Other
Bagi Anggota Dewan Komisaris dan Direksi Perseroan Benefits of members of the Board of Commissioners
untuk Tahun Buku 2025. and Board of Directors of the Company for the
Financial Year of 2025.
6. Persetujuan atas pembelian kembali saham yang 6. Approval for the share buyback by the Company
dikeluarkan oleh Perseroan sesuai dengan ketentuan in accordance with the provisions of the Financial
Peraturan Otoritas Jasa Keuangan Nomor 29 Tahun Services Authority Regulation No. 29 of 2023 on the
2023 tentang Pembelian Kembali Saham yang Buyback of Shares Issued by Public Companies.
Dikeluarkan oleh Perusahaan Terbuka.
7. Laporan Realisasi Penggunaan Dana Hasil Penawaran 7. Realization Report of the Use of Proceeds of Initial
Umum Perdana Saham. Public Offering.
Kehadiran Pemegang Saham RUPST dihadiri oleh pemegang saham dan/ atau The AGMS were attended by the shareholders and/
Attendance of Shareholders kuasa pemegang saham yang seluruhnya mewakili or shareholder’s proxies representing 57,901,583,107
57.901.583.107 lembar saham atau mewakili 91,84% dari shares or representing 91.84% of total of shares
seluruh saham yang telah dikeluarkan dan disetor penuh issued and fully paid by the Company amounting
oleh Perseroan yaitu sebesar 63.046.379.200 lembar 63,046,379,200 shares, obtained from the reduction
saham, yang diperoleh dari pengurangan seluruh saham of total of shares issued by the Company amounting
yang telah dikeluarkan oleh Perseroan yaitu sebanyak 63,098,600,000 with the number controlled by the
63.098.600.000 saham dengan jumlah yang dikuasai Company amounting 52,220,880 shares.
Perseroan yaitu sebanyak 52.220.800 lembar saham.
Penyediaan Fasilitas e-Proxy Perseroan menyediakan fasilitas pemberian kuasa The Company provides an electronic proxy facility
Provision of e-Proxy Facility secara elektronik (e-proxy) melalui Electronic General (e-proxy) through KSEI’s Electronic General Meeting
Meeting System KSEI (eASY.KSEI) sebagai sarana System (eASY.KSEI) as a supporting means to enhance
penunjang bagi pemegang saham untuk meningkatkan public shareholders’ participation in the Annual General
partisipasi pemegang saham publik dalam RUPST. Meeting of Shareholders (AGMS).
Kehadiran Direksi dan Dewan Direksi Board of Directors
Komisaris Direktur Utama: Roy Arman Arfandy President Director: Roy Arman Arfandy
Attendance of the Board of Directors and Direktur: Suparsin Darmo Liwan Director: Suparsin Darmo Liwan
the Board of Commissioners Direktur: Tonny H. Gultom Director: Tonny H. Gultom
Direktur: Lim Sian Choo Director: Lim Sian Choo
Dewan Komisaris Board of Commissioners
Komisaris Utama: Donald J. Hermanus President Commissioner: Donald J. Hermanus
Komisaris Independen: Suryadi Sasmita Independent Commissioner: Suryadi Sasmita
Komisaris Independen: Darjoto Setyawan Independent Commissioner: Darjoto Setyawan
Pimpinan Rapat Donald J. Hermanus selaku Komisaris Utama Perseroan. Donald J. Hermanus as President Commissioner of the
Chairman of the Meeting Company.
Mekanisme Tanya Jawab dan Sebelum pengambilan keputusan, Pimpinan Rapat Prior to decision-making, the Chairperson of the
Penjelasan memberikan kesempatan kepada Pemegang Saham Meeting provides shareholders with the opportunity to
Question and Answer Mechanism and untuk mengajukan pertanyaan terkait setiap mata acara submit questions in relation to each agenda item of the
Clarification Rapat. Pertanyaan dari Pemegang Saham atau kuasanya Meeting. Questions from shareholders or their proxies
yang hadir secara fisik disampaikan melalui formulir attending physically are submitted through a question
pertanyaan, sedangkan pertanyaan dari Pemegang form, while questions from shareholders or their proxies
Saham atau kuasanya yang hadir secara daring diajukan attending virtually are submitted via the chat box feature
melalui fitur chat box pada platform eASY.KSEI. Seluruh on the eASY.KSEI platform. All questions are forwarded
pertanyaan disampaikan kepada Notaris untuk dinilai to the Notary to assess their relevance to the agenda
relevansinya dengan mata acara Rapat. Pimpinan Rapat items of the Meeting. The Chairperson of the Meeting
atau pihak yang ditunjuk akan memberikan tanggapan or a designated representative will respond to relevant
atas pertanyaan yang relevan, dan berhak untuk tidak questions and has the right not to respond to questions
menanggapi pertanyaan yang tidak berkaitan dengan that are not related to the agenda items of the Meeting.
mata acara Rapat.
Hasil Rapat Hasil RUPS Tahunan Tahun Buku 2024 telah dituangkan The results of the Annual GMS for the 2024 Financial Year
Meeting Result dalam Akta Berita Acara RUPST No. 122 tanggal 18 Juni have been stated in the Deed of Minutes of the AGMS No.
2025 yang dibuat di hadapan Jimmy Tanal, S.H., M.Kn., 122 dated June 18, 2025, made before Jimmy Tanal, S.H.,
Notaris di Jakarta Selatan. M.Kn., a Notary in South Jakarta.
Ringkasan risalah RUPST telah disampaikan melalui situs The summary of the minutes of the AGMS has been
web penyelenggara e-RUPS pada eASY.KSEI, situs web disclosed through the e-GMS provider’s website on eASY.
BEI, serta situs web Perseroan di www.tbpnickel.com. KSEI, the Indonesia Stock Exchange (IDX) website, and
the Company’s website at www.tbpnickel.com.
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Hasil Pengambilan Keputusan
Voting results
Abstain Tidak Setuju Setuju Total Setuju
Mata Acara Rapat
Abstain Against Agree Total of Agree
Meeting Agenda
(suara | vote) (suara | vote) (suara | vote) (suara | vote)
43.497.500 0 57.858.085.607 57.901.583.107
Pertama | First
0,075% 0% 99,925% 100,00%
43.497.500 0 57.858.085.607 57.901.583.107
Kedua | Second
0,075% 0% 99,925% 100,00%
42.042.600 0 57.859.540.507 57.901.583.107
Ketiga | Third
0,073% 0% 99,927% 100,00%
42.024.600 766.650.207 57.092.908.300 57.134.932.900
Keempat | Fourth
0,073% 1,324% 98,603% 98,676%
42.096.400 1.427.500 57.858.059.207 57.900.155.607
Kelima | Fifth
0,073% 0,002% 99,925% 99,998%
41.927.600 417.344.338 57.442.311.169 57.484.238.769
Keenam | Sixth
0,072% 0,721% 99,207% 99,279%
Tidak ada pengambilan keputusan pada agenda Rapat ini.
Ketujuh | Seventh
There was no adopting resolution on this agenda of the Meeting.
Keputusan RUPST dan Realisasi
AGMS Resolutions and Realization
MATA ACARA PERTAMA RAPAT FIRST MEETING AGENDA
1) Menyetujui Laporan Tahunan Perseroan sebagaimana pokok-pokoknya telah 1) Approved the Company’s Annual Report, the highlights have been presented
disampaikan oleh Direksi Perseroan dan telah ditelaah oleh Dewan Komisaris by the Directors of the Company and reviewed by the Board of Commissioners
Perseroan mengenai keadaan dan jalannya Perseroan untuk tahun buku yang regarding the conditions and operations of the Company for financial year
berakhir pada tanggal 31 Desember 2024. ended on December 31, 2024.
2) Menyetujui dan mengesahkan Laporan Keuangan Konsolidasian Auditan 2) Approved and validate the Audited Consolidated Financial Statements of the
Perseroan dan Entitas Anak Untuk Tahun Buku Yang Berakhir Pada Tanggal 31 Company and Its Subsidiaries for the Financial Year Ended on December 31,
Desember 2024 yang telah diaudit oleh Akuntan Publik Bapak Chang Hartono, 2024 which has been audited by Mr. Chang Hartono, CPA of Public Accountant
CPA dari Kantor Akuntan Publik Purwantono, Sungkoro & Surja (anggota Firm Purwantono, Sungkoro & Surja (members of Ernst & Young Global
firma Ernst & Young Global Limited) dengan pendapat wajar dalam semua Limited firm) with all material aspects as set out in report No. 00336/2.1032/
hal yang material sebagaimana tertera dalam laporan Nomor: 00336/2.1032/ AU.1/02/1833-3/1/III/2025 dated March 25, 2025.
AU.1/02/1833-3/1/III/2025 tanggal 25 Maret 2025.
3) Memberikan pembebasan dan pelunasan tanggung jawab sepenuhnya (acquit 3) To grant full release and discharge (acquit et de charge) to members of
et de charge) kepada seluruh anggota Direksi Perseroan atas pengurusan Directors of the Company for their managerial who performed for Financial
yang dilakukan dalam tahun buku yang berakhir pada tanggal 31 Desember Year ended December 31, 2024, to the extent that those actions are reflected
2024, sepanjang tindakan kepengurusan tersebut tercermin dalam Laporan in the Financial Statements of the Company for financial year ended on
Tahunan dan Laporan Keuangan Perseroan untuk tahun buku yang berakhir December 31, 2024.
pada tanggal 31 Desember 2024.
Realisasi Realization
Sudah direalisasikan. Have been realized.
MATA ACARA RAPAT KEDUA SECOND MEETING AGENDA
Memberikan pembebasan dan pelunasan tanggung jawab sepenuhnya (acquit et Approved to grant full release and discharge (acquit et de charge) to all members
de charge) kepada seluruh anggota Dewan Komisaris Perseroan atas pengurusan of Board of Commissioners of the Company for their managerial and supervisory
yang dilakukan dalam tahun buku yang berakhir pada tanggal 31 Desember 2024, activities that they carried out for Financial Year ended December 31, 2024, as long
sepanjang tindakan kepengurusan dan pengawasan tersebut tercermin dalam as the management and supervision are reflected in the Financial Statements of
Laporan Tahunan dan Laporan Keuangan Perseroan untuk tahun buku yang the Company for financial year ended on December 31, 2024.
berakhir pada tanggal 31 Desember 2024.
Realisasi Realization
Sudah direalisasikan. Have been realized.
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Tata Kelola Perusahaan
Corporate Governance
MATA ACARA KETIGA RAPAT THIRD MEETING AGENDA
1) Menyetujui penggunaan hasil usaha Perseroan untuk Tahun Buku yang 1) Approved the utilization of Company’s net profit for the Fiscal Year ended
berakhir pada tanggal 31 Desember 2024 sebesar Rp6.379.503.718.877 on December 31, 2024 in the amount of IDR6,379,503,718,877 (six trillion
(enam triliun tiga ratus tujuh puluh sembilan miliar lima ratus tiga juta tujuh three hundred seventy nine billion five hundred three million seven hundred
ratus delapan belas ribu delapan ratus tujuh puluh tujuh Rupiah), termasuk eighteen thousand eight hundred seventy seven Rupiah), including the use of
penggunaan laba dan pembagian dividen sebagai berikut: profit and distribution of dividends as follows:
i. Menetapkan Dana Cadangan sebesar 0,19% (nol koma sembilan belas i. Establish a Reserve Fund of 0.19% (zero point nineteen percent) or
persen) atau Rp12.000.000.000 (dua belas miliar Rupiah) sebagai cadangan IDR12,000,000,000 (twelve billion Rupiah) as a mandatory reserve as
wajib sebagaimana diatur dalam Pasal 70 Undang-Undang Nomor 40 stipulated in Article 70 of Law Number 40 of 2007 concerning Limited
Tahun 2007 tentang Perseroan Terbatas; Liability Companies;
ii. Menetapkan pembagian dividen tunai sebesar 30,001% (tiga puluh koma ii. Establish cash dividend of 30.001% (thirty point zero zero one percent)
nol nol satu persen) dari laba yang diatribusikan kepada pemilik entitas from profit attributable to parent entity or IDR1,913,898,933,374 (one
induk atau sebesar Rp1.913.898.933.374 (satu triliun sembilan ratus tiga trillion nine hundred thirteen billion eight hundred ninety eight million
belas miliar delapan ratus sembilan puluh delapan juta sembilan ratus nine hundred thirty three thousand three hundred seventy four Rupiah) or
tiga puluh tiga ribu tiga ratus tujuh puluh empat Rupiah) atau Rp30,357 IDR30.357 (thirty point three five seven Rupiah) per share to the holders of
(tiga puluh koma tiga lima tujuh Rupiah) per saham kepada pemegang 63,046,379,200 (sixty three billion forty six million three hundred seventy
63.046.379.200 (enam puluh tiga miliar empat puluh enam juta tiga ratus nine thousand two hundred) shares with the method of payment based on
tujuh puluh sembilan ribu dua ratus) lembar saham dengan tata cara the prevailing regulations; and
pembayarannya mengikuti peraturan yang berlaku; dan
iii. Sisanya dicatat sebagai saldo laba di tahan Perseroan untuk mendukung iii. The remainder is recorded as retained earnings of the Company to support
kegiatan operasional dan pengembangan Perseroan. the Company's operational and development activities.
2) Memberikan wewenang dan kuasa kepada Direksi Perseroan dengan hak 2) To grant authority and powers of attorney to the Board of Directors of the
subtitusi untuk menetapkan jadwal dan tata cara pembayaran dividen Tahun Company with substitution rights to determine the schedule and procedure
Buku 2024 sesuai dengan ketentuan yang berlaku. for payment dividends payment for the 2024 Financial Year in accordance with
the prevailing regulations.
3) Memberikan wewenang kepada Direksi Perseroan untuk melaksanakan 3) To grant authority to the Board of Directors of the Company to carry out the use
penggunaan keuntungan sebagaimana disebutkan di atas, satu dan lain hal of the profit as mentioned above, one way or another without any exceptions
tanpa ada yang dikecualikan dengan tetap memperhatikan peraturan yang with due observance of the regulations in force in the capital market sector.
berlaku di bidang pasar modal.
Realisasi Realization
Sudah direalisasikan. Seluruh dividen tahun buku 2024 telah dibayarkan kepada Have been realized. All dividends for the 2024 financial year has been paid to the
Pemegang Saham. Shareholders.
MATA ACARA RAPAT KEMPAT FOURTH MEETING AGENDA
Memberikan kuasa dan wewenang kepada Dewan Komisaris Perseroan untuk To grant the authority and power to the Company's Board of Commissioners
melakukan penunjukan Akuntan Publik Independen dan Kantor Akuntan Publik to appoint an Independent Public Accountant and an Independent Public
Independen yang akan memberikan jasa audit atas buku–buku Perseroan untuk Accountant Firm to provide audit services for the Company's books for the
tahun buku yang berakhir pada tanggal 31 Desember 2025 dengan ketentuan financial year ending December 31, 2025, under the provisions of an Independent
Akuntan Publik Independen dan Kantor Akuntan Publik Independen yang Public Accountant and an Independent Public Accountant Firm that appointed
ditunjuk merupakan Akuntan Publik Independen dan Kantor Akuntan Publik as an Independent Public Accountant and Independent Public Accountant Office
Independen yang terdaftar di Otoritas Jasa Keuangan (OJK) dan memiliki registered with the Financial Services Authority (OJK) and has a good reputation,
reputasi yang baik, serta pemberian wewenang sepenuhnya kepada Direksi as well as granting full authority to the Board of Directors of the Company to
Perseroan untuk menetapkan jumlah honorarium Akuntan Publik Independen determine the honorarium of the Independent Public Accountant and other
tersebut serta persyaratan lain penunjukannya atas rekomendasi dari Komite terms of appointment based on the recommendation of the Company's Audit
Audit Perseroan. Committee.
Realisasi Realization
Sudah direalisasikan. Have been realized.
MATA ACARA RAPAT KELIMA FIFTH MEETING AGENDA
Menyetujui pemberian wewenang dan kuasa kepada Dewan Komisaris Perseroan Approved to grant power and authority to the Board of Commissioners of
untuk menetapkan Gaji/ Honorarium dan/ atau Tunjangan Dewan Komisaris dan the Company to determine Salary/ Honorarium and/ or Allowance of Board
Direksi Perseroan untuk tahun buku 2025 dengan memperhatikan rekomendasi of Commissioners and Directors of the Company for the fiscal year 2025
dari Fungsi Nominasi dan Remunerasi Perseroan serta tetap memperhatikan by considering the recommendations of the Function of Nomination and
kondisi keuangan Perseroan. Remuneration of the Company, as well as by taking into account the Company’s
financial condition.
Realisasi Realization
Sudah direalisasikan. Have been realized.
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MATA ACARA RAPAT KEENAM SIXTH MEETING AGENDA
1) Menyetujui pembelian kembali saham Perseroan dari pemegang saham publik 1) Approved the buyback of shares by the Company maximum of
sebanyak-banyaknya Rp1.000.000.000.000 (satu triliun Rupiah) termasuk biaya IDR1,000,000,000,000 (one trillion Rupiah) including the broker fee and other
perantara pedagang efek dan biaya lainnya dengan tetap memperhatikan fees in accordance with the prevailing laws with buyback of shares period
ketentuan yang berlaku, dengan jangka waktu pembelian kembali saham within the maximum period of 12 (twelve) months as of the approval date of
paling lama 12 (dua belas) bulan terhitung sejak tanggal persetujuan oleh Meeting.
Rapat.
2) Menyetujui pemberian kuasa kepada Direksi Perseroan untuk melaksanakan 2) Approved to grant powers to the Directors of the Company to execute the
pembelian kembali saham sesuai ketentuan yang berlaku. buyback of shares in accordance with the prevailing laws.
Realisasi Realization
Hingga 31 Desember 2025, Perseroan telah melakukan pembelian kembali saham As of December 31, 2025, the Company had repurchased approximately 110.7
sekitar 110,7 juta lembar saham dengan nilai Rp75,6 miliar atau setara dengan million shares with a total value of Rp75.6 billion, equivalent to 7.6% of the total
7,6% dari jumlah Pembelian Kembali Saham yang disetujui melalui RUPST 2024 Share Buyback amount approved at the 2024 and 2025 AGMS, implemented in
dan 2025 dalam dua tahap. Harga rata-rata saham yang telah dibeli kembali two phases. The average repurchase price was Rp682.81 per share. The Reports
adalah Rp682,81 per lembar saham. Laporan Hasil Pembelian Kembali Saham on the Results of the First and Second Phase Share Buyback were submitted by
untuk Tahap Pertama dan Tahap Kedua telah disampaikan Perseroan kepada the Company to the OJK on July 15, 2025 and January 15, 2026, respectively.
OJK masing-masing tertanggal 15 Juli 2025 dan 15 Januari 2026.
MATA ACARA RAPAT KETUJUH SEVENTH MEETING AGENDA
Realisasi Realization
Tidak ada pengambilan keputusan pada agenda Ketujuh Rapat. There was no adopting resolution on the Seventh Meeting agenda.
INFORMASI MENGENAI KEPUTUSAN RUPS 1 (SATU) TAHUN INFORMATION ON THE RESOLUTIONS OF GMS IN THE
SEBELUM TAHUN BUKU PREVIOUS FINANCIAL YEAR
Pada tahun 2024, Perseroan menyelenggarakan 1 (satu) kali RUPST In 2024, the Company convened 1 (one) AGMS for the accountability of
untuk pertanggungjawaban kinerja tahun buku 2023 pada tanggal the 2023 financial year, held on June 27, 2024, and 2 (two) Extraordinary
27 Juni 2024 dan 2 (dua) kali RUPSLB masing-masing pada tanggal General Meetings of Shareholders (EGMS), respectively held on March
15 Maret 2024 dan 31 Oktober 2024 dengan keputusan dan realisasi 15, 2024 and October 31, 2024 with the following resolutions and their
sebagai berikut: realizations:
Keputusan RUPSLB Pertama tanggal 15 Maret 2024
Resolutions of the First EGMS Dated March 15, 2024
MATA ACARA PERTAMA RAPAT FIRST MEETING AGENDA
Persetujuan atas rencana Perseroan untuk melakukan penambahan modal tanpa Approval of the Company's plan to carry out Capital increase without the issuance
hak memesan efek terlebih dahulu (“PMTHMETD”), termasuk: of pre-emptive rights (“Non-Preemptive Rights”), including:
1. Persetujuan perubahan Pasal 4 Anggaran Dasar Perseroan sehubungan 1. Approval of changes to Article 4 of the Company's Articles of Association in
dengan rencana pada butir 1 di atas; dan connection with the plan in point 1 above; and
2. Persetujuan pelimpahan wewenang kepada Direksi Perseroan dengan 2. Approval of the delegation of authority to the Company's Directors with
persetujuan Dewan Komisaris Perseroan untuk penerbitan saham dan the approval of the Company's Board of Commissioners for the issuance of
penyesuaian modal ditempatkan serta disetor dalam Perseroan sehubungan shares and adjustments to the issued and paid-up capital in the Company in
dengan rencana pada butir 1 dan di atas. connection with the plans in point 1 and above.
Keputusan Resolution
Tidak ada pembahasan dan tidak ada pengambilan keputusan pada Mata Acara There was no discussion and no resolution adopted on the First Agenda of the
Pertama Rapat karena tidak memenuhi kuroum Rapat. Meeting due to the failure to meet the required quorum.
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Tata Kelola Perusahaan
Corporate Governance
MATA ACARA RAPAT KEDUA SECOND MEETING AGENDA
Persetujuan atas rencana Perseroan untuk melakukan peningkatan modal Approval of the Company's plan to increase the Company's capital by providing
Perseroan dengan memberikan hak memesan efek terlebih dahulu (“HMETD”) pre-emptive rights (“Rights”) to the shareholders of the Company through a
kepada pemegang saham Perseroan melalui mekanisme Penawaran Umum Limited Public Offering with Rights issue mechanism (“Rights Issue”), including:
Terbatas dengan HMETD (“Penawaran Umum”), termasuk:
1. Persetujuan perubahan Pasal 4 Anggaran Dasar Perseroan sehubungan 1. Approval of changes to Article 4 of the Company's Articles of Association in
dengan rencana pada butir 2 di atas; dan connection with the plan in point 2 above; and
2. Persetujuan pelimpahan wewenang kepada Direksi Perseroan dengan 2. Approval of the delegation of authority to the Company's Directors with
persetujuan Dewan Komisaris Perseroan untuk penerbitan saham dan the approval of the Company's Board of Commissioners for the issuance of
penyesuaian modal ditempatkan serta disetor dalam Perseroan sehubungan shares and adjustments to the issued and paid-up capital in the Company in
dengan rencana pada butir 2 dan di atas. connection with the plans in point 2 and above.
Keputusan Resolution
Menyetujui peningkatan modal ditempatkan dan disetor Perseroan dengan To approve the Company's issued and paid-up capital by providing pre-emptive
memberikan Hak Memesan Efek Terlebih Dahulu (“HMETD”) kepada pemegang rights (“Rights”) to the shareholders of the Company through a Limited Public
saham Perseroan melalui mekanisme Penawaran Umum Terbatas dengan Offering with Rights issue mechanism in a total maximum of 18,929,580,000
HMETD dalam jumlah sebanyak-banyaknya 18.929.580.000 (delapan belas miliar (eighteen billion nine hundred and twenty-nine million five hundred and eighty
sembilan ratus dua puluh sembilan juta lima ratus delapan puluh ribu) lembar thousand) shares or 30% (thirty percent) with a nominal value of IDR100 (one
saham atau 30% (tiga puluh persen) dengan nilai nominal per lembar saham hundred Rupiah) per share, including:
Rp100 (seratus Rupiah), termasuk:
a. Menyetujui rencana perubahan Pasal 4 ayat (2) Anggaran Dasar Perseroan a. To approve the plan to amend Article 4 paragraph (2) of the Company's Articles
sehubungan dengan hasil pelaksanaan dari peningkatan modal Perseroan of Association in connection with the implementation results of the Company’s
dengan memberikan HMETD; dan capital increase with Rights; and
b. Menyetujui pemberian kuasa dan pelimpahan wewenang kepada Direksi b. To approve the delegation of authority to the Company's Directors with
Perseroan dengan persetujuan Dewan Komisaris Perseroan untuk penerbitan the approval of the Company's Board of Commissioners for the issuance
saham dan penyesuaian Pasal 4 ayat (2) Anggaran Dasar Perseroan sehubungan of shares and adjustments of Article 4 paragraph (2) in connection with the
dengan hasil pelaksanaan peningkatan modal Perseroan dengan memberikan implementation results of the Company’s capital increase by providing Rights,
HMETD, termasuk untuk menetapkan harga pelaksanaan HMETD. including deciding the exercise price of Rights.
Realisasi Realization
Perseroan tidak/belum merealisasikan pelaksanaan HMETD. Keputusan tersebut The Company has not yet realized the implementation of the Rights Issue
diambil setelah mempertimbangkan dinamika pasar modal, kondisi industri, (HMETD). This decision was made after considering capital market dynamics,
serta kebutuhan pendanaan Perseroan guna memastikan pelaksanaan aksi industry conditions, and the Company’s funding requirements in order to ensure
korporasi dilakukan pada waktu yang tepat dan memberikan nilai optimal bagi that the corporate action is carried out at the appropriate time and provides
Perseroan dan pemegang saham. optimal value for the Company and its shareholders.
Keputusan RUPST Tanggal 27 Juni 2024
Resolutions of the AGMS Dated June 27, 2024
MATA ACARA PERTAMA RAPAT FIRST MEETING AGENDA
Persetujuan atas Laporan Tahunan Perseroan dan Pengesahan Laporan Approval of the Annual Report and Ratification of the Audited Consolidated
Keuangan Konsolidasian Auditan Perseroan dan Entitas Anak untuk Tahun Buku Financial Statements of the Company and Its Subsidiaries for the Fiscal Year
yang berakhir pada tanggal 31 Desember 2023. ended on December 31, 2023.
Keputusan Resolution
1) Menyetujui Laporan Tahunan Perseroan sebagaimana pokok-pokoknya telah 1) Approved of the Company’s Annual Report, the highlights have been presented
disampaikan oleh Direksi Perseroan dan telah ditelaah oleh Dewan Komisaris by the Directors of the Company and reviewed by the Board of Commissioners
Perseroan mengenai keadaan dan jalannya Perseroan untuk tahun buku yang regarding the conditions and operations of the Company for the fiscal year
berakhir pada tanggal 31 Desember 2023. ended on December 31, 2023.
2) Menyetujui dan mengesahkan Laporan Keuangan Konsolidasian Auditan 2) Approved and validate the Audited Consolidated Financial Statements of the
Perseroan dan Entitas Anak Untuk Tahun Buku Yang Berakhir Pada Tanggal 31 Company and Its Subsidiaries for the Fiscal Year Ended on December 31, 2022
Desember 2023 yang telah diaudit oleh Akuntan Publik Bapak Chang Hartono, having been audited by Mr. Chang Hartono, as CPA of Public Accounting Firm
CPA dari Kantor Akuntan Publik Purwantono, Sungkoro & Surja (anggota Purwantono, Sungkoro & Surja (members of Ernst & Young Global Limited
firma Ernst & Young Global Limited) dengan pendapat wajar dalam semua firm) with all material aspects as set out in their report No. 00345/2.1032/
hal yang material sebagaimana tertera dari laporannya Nomor: 00345/2.1032/ AU.1/02/1833-2/1/III/2024 dated March 27, 2024.
AU.1/02/1833-2/1/III/2024 tanggal 27 Maret 2024.
3) Memberikan pembebasan dan pelunasan tanggung jawab sepenuhnya (acquit 3) To grant full release and discharge (acquit et de charge) to members of
et de charge) kepada seluruh anggota Direksi Perseroan atas pengurusan Directors of the Company for their management who performed for the Fiscal
yang dilakukan dalam tahun buku yang berakhir pada tanggal 31 Desember Year ended December 31, 2023, to the extent that those actions are reflected
2023, sepanjang tindakan kepengurusan tersebut tercermin dalam Laporan in the Financial Statements of the Company for fiscal year ended on December
Tahunan dan Laporan Keuangan Perseroan untuk tahun buku yang berakhir 31, 2023.
pada tanggal 31 Desember 2023.
Realisasi Realization
Sudah direalisasikan. Have been realized.
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MATA ACARA RAPAT KEDUA SECOND MEETING AGENDA
Laporan Pelaksanaan Tugas Pengawasan Dewan Komisaris selama Tahun Buku The Supervisory Report of the Board of Commissioners during the Fiscal Year
2023. 2023.
Keputusan Resolution
Memberikan pembebasan dan pelunasan tanggung jawab sepenuhnya (acquit Approved to grant full release and discharge (acquit et de charge) to all members
et de charge) kepada seluruh Dewan Komisaris Perseroan atas pengurusan yang of Board of Commissioners of the Company for their managerial and supervisory
dilakukan dalam tahun buku yang berakhir pada tanggal 31 Desember 2023, activities that they carried out for Fiscal Year ended December 31, 2023, as long
sepanjang tindakan kepengurusan dan pengawasan tersebut tercermin dalam as the management and supervision are reflected in the Fiscal Statements of the
Laporan Tahunan dan Laporan Keuangan Perseroan untuk tahun buku yang Company for fiscal year ended on December 31, 2023.
berakhir pada tanggal 31 Desember 2023.
Realisasi Realization
Sudah direalisasikan. Have been realized.
MATA ACARA KETIGA RAPAT THIRD MEETING AGENDA
Penetapan Penggunaan Hasil Usaha Perseroan untuk Tahun Buku yang berakhir Approval of the Utilization of Company’s Profit for the Fiscal Year Ended on
pada 31 Desember 2023 (termasuk penggunaan laba dan pembagian dividen). December 31, 2023 (including use of profits and dividend distribution).
Keputusan Resolution
1) Menyetujui penggunaan hasil usaha Perseroan untuk Tahun Buku yang 1) Approved the utilization of Company’s net profit for the Fiscal Year ended
berakhir pada tanggal 31 Desember 2023 sebesar Rp5.618.997.186.714 (lima on December 31, 2023 in the amount of IDR5,618,997,186,714 (five trillion six
triliun enam ratus delapan belas miliar sembilan ratus sembilan puluh tujuh hundred eighteen billion nine hundred ninety-seven million one hundred
juta seratus delapan puluh enam ribu tujuh ratus empat belas Rupiah), eighty-six thousand seven hundred fourteen Rupiah), including the use of
termasuk penggunaan laba dan pembagian dividen sebagai berikut: profit and distribution of dividends as follows:
i. Menetapkan Dana Cadangan sebesar 0,18% (nol koma delapan belas i. Establish a Reserve Fund of 0.18% (eighteen hundredths percent) or
persen) atau Rp10.000.000.000 (sepuluh miliar Rupiah) sebagai cadangan IDR10,000,000,000 (ten billion Rupiah) as a mandatory reserve as stipulated
wajib sebagaimana diatur dalam Pasal 70 Undang-Undang Nomor 40 in Article 70 of Law Number 40 of 2007 concerning Limited Liability
Tahun 2007 tentang Perseroan Terbatas; Companies;
ii. Menetapkan pembagian dividen tunai sebesar 30% (tiga puluh persen) ii. Establish a cash dividend of 30% (thirty percent) from net profit or
dari laba bersih atau sebesar Rp1.685.742.197.600 (satu triliun enam IDR1,685,742,197,600 (one trillion six hundred eighty-five billion seven
ratus delapan puluh lima miliar tujuh ratus empat puluh dua juta seratus hundred forty-two million one hundred ninety-seven thousand six hundred
sembilan puluh tujuh ribu enam ratus Rupiah) atau Rp26,716 (dua puluh Rupiah) or IDR26.716 (twenty-six point seven one six Rupiah) per share
enam koma tujuh satu enam Rupiah) per saham kepada pemegang to the holder of 63,098,600,000 (sixty-three billion ninety-eight million
63.098.600.000 (enam puluh tiga miliar sembilan puluh delapan juta enam six hundred thousand) shares with the method of payment based on the
ratus ribu) lembar saham dengan tata cara pembayarannya mengikuti prevailing regulations; and
peraturan yang berlaku; dan
iii. Sisanya dicatat sebagai saldo laba di tahan Perseroan untuk mendukung iii. The remainder is recorded as retained earnings of the Company to support
kegiatan operasional dan pengembangan Perseroan. the Company's operational and development activities.
2) Memberikan wewenang dan kuasa kepada Direksi Perseroan dengan hak 2) To grant authority and powers of attorney to the Board of Directors of the
subtitusi untuk menetapkan jadwal dan tata cara pembayaran dividen Tahun Company with substitution rights to determine the schedule and procedures
Buku 2023 sesuai dengan ketentuan yang berlaku. for dividend payments for the Fiscal Year 2023 in accordance with the
prevailing regulations.
3) Memberikan wewenang kepada Direksi Perseroan untuk melaksanakan 3) To grant authority to the Board of Directors of the Company to carry out the use
penggunaan keuntungan sebagaimana disebutkan di atas, satu dan lain hal of the profit as mentioned above, one way or another without any exceptions
tanpa ada yang dikecualikan dengan tetap memperhatikan peraturan yang with due observance of the regulations in force in the capital market sector.
berlaku di bidang pasar modal.
Realisasi Realization
Sudah direalisasikan. Have been realized.
MATA ACARA RAPAT KEEMPAT FOURTH MEETING AGENDA
Penunjukkan Akuntan Publik untuk melakukan audit atas Laporan Keuangan Appointment of Registered Public Accountants to conduct an audit of the
Perseroan untuk Tahun Buku yang berakhir pada tanggal 31 Desember 2024. Company’s Financial Statements for the Fiscal Year ended on December 31, 2024.
Keputusan Resolution
Memberikan kuasa dan wewenang kepada Dewan Komisaris Perseroan untuk To grant the authority and power to the Company's Board of Commissioners
melakukan penunjukan Akuntan Publik Independen dan Kantor Akuntan Publik to appoint an Independent Public Accountant and an Independent Public
Independen yang akan memberikan jasa audit atas buku–buku Perseroan Accounting Firm to provide audit services for the Company's books for the
untuk tahun buku yang berakhir pada tanggal 31 Desember 2024 dengan fiscal year ending December 31, 2024, under the provisions of an Independent
ketentuan Akuntan Publik Independen dan Kantor Akuntan Publik Independen Public Accountant and an Independent Public Accountant Firm that appointed
yang ditunjuk merupakan Akuntan Publik Independen dan Kantor Akuntan as an Independent Public Accountant and Independent Public Accountant
Publik Independen yang terdaftar di OJK dan memiliki reputasi yang baik, serta Office registered with the OJK and has a good reputation, as well as granting full
pemberian wewenang sepenuhnya kepada Direksi Perseroan untuk menetapkan authority to the Board of Directors of the Company to determine the honorarium
jumlah honorarium Akuntan Publik Independen tersebut serta persyaratan lain of the Independent Public Accountant and other terms of appointment based on
penunjukannya atas rekomendasi dari Komite Audit Perseroan. the recommendation of the Company's Audit Committee.
Realisasi Realization
Sudah direalisasikan. Have been realized.
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Tata Kelola Perusahaan
Corporate Governance
MATA ACARA RAPAT KELIMA FIFTH MEETING AGENDA
Penetapan Gaji/ Honorarium dan Tunjangan Lainnya Bagi Anggota Dewan Approval of the Salary/ Honorarium and Other Benefits of members of the Board
Komisaris dan Direksi Perseroan untuk Tahun Buku 2024. of Commissioners and Board of Directors of the Company for the Fiscal Year 2024.
Keputusan Resolution
Menyetujui pemberian wewenang dan kuasa kepada Dewan Komisaris Perseroan Approved to grant power and authority to the Board of Commissioners of
untuk menetapkan Gaji/ Honorarium dan/ atau Tunjangan Dewan Komisaris dan the Company, to determine Salary/ Honorarium and/ or Allowance of Board
Direksi Perseroan untuk tahun buku 2024 dengan memperhatikan rekomendasi of Commissioners and Directors of the Company for the fiscal year 2024
dari Fungsi Nominasi dan Remunerasi Perseroan serta tetap memperhatikan by considering the recommendations of the Function of Nomination and
kondisi keuangan Perseroan. Remuneration of the Company, as well as by considering the Company’s financial
condition.
Realisasi Realization
Sudah direalisasikan. Have been realized.
MATA ACARA RAPAT KEENAM SIXTH MEETING AGENDA
Perubahan susunan anggota Direksi Perseroan. Change of the Composition of Board of Directors of the Company.
Keputusan Resolution
1) Menyetujui dan menerima pengunduran diri Stevi Thomas dari jabatannya 1) Approved and accepted the resignation of Stevi Thomas from his position as
sebagai Direktur Perseroan yang berlaku efektif sejak ditutupnya Rapat ini Director of the Company which effective as of the date of the conclusion of
dan memberikan pembebasan dan pelepasan tanggung jawab (acquit et the Meeting and to grant release and discharge (acquit et de charge) for its
de charge) atas tindakan pengurusan yang telah dilakukan selama masa managerial actions that carried out for his tenure.
jabatannya.
Sehingga untuk selanjutnya susunan Dewan Komisaris dan Direksi Perseroan Accordingly, the composition of the Board of Commissioners and the Board of
menjadi sebagai berikut: Directors of the Company will be as follows:
Dewan Komisaris | Board of Commissioners
Komisaris Utama | President Commissioner Donald J. Hermanus
Komisaris Independen | Independent Commissioner Suryadi Sasmita
Komisaris Independen | Independent Commissioner Darjoto Setyawan
Direksi | Board of Directors
Direktur Utama | President Director Roy Arman Arfandy
Direktur | Director Suparsin Darmo Liwan
Direktur | Director Tonny H. Gultom
Direktur | Director Lim Sian Choo
Direktur | Director Younsel Evand Roos
2) Memberikan wewenang dan kuasa penuh dengan hak substitusi kepada 2) To grant the authority and full power with the right and substitution to
Direksi Perseroan baik sendiri-sendiri maupun bersama-sama untuk Directors of the Company, either severally or jointly to perform all necessary
melakukan segala tindakan yang diperlukan berkaitan dengan keputusan- actions in relation to the resolutions as adopted and/or passed in the Meeting,
keputusan sebagaimana diambil dan/atau diputuskan dalam Rapat, termasuk including but not limited to stating the appointment of the members of the
tetapi tidak terbatas untuk menyatakan perubahan susunan anggota Dewan Board of Commissioners and Directors of the Company in a Notarial Deed and
Komisaris dan Direksi Perseroan ini dalam akta Notaris dan mendaftarkannya register the same in the Company’s Register in accordance with the prevailing
dalam Daftar Perseroan sesuai dengan peraturan perundangan yang berlaku. laws and regulations.
Realisasi Realization
Sudah direalisasikan. Have been realized.
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MATA ACARA RAPAT KETUJUH SEVENTH MEETING AGENDA
Persetujuan atas pembelian kembali saham yang dikeluarkan oleh Perseroan Approval of the share buyback by the Company in accordance with the provisions
sesuai dengan ketentuan Peraturan Otoritas Jasa Keuangan Nomor 29 Tahun of the Financial Services Authority Regulation No. 29 of 2023 on the Buyback of
2023 tentang Pembelian Kembali Saham yang Dikeluarkan oleh Perusahaan Shares Issued by Public Companies.
Terbuka.
Keputusan Resolution
1) Menyetujui pembelian kembali saham Perseroan dari pemegang saham 1) Approved the buyback of shares by the Company from the public shareholders
publik menjadi sebesar-besarnya Rp1.000.000.000.000 (satu triliun Rupiah) become maximum of IDR1,000,000,000,000 (one trillion Rupiah) including the
termasuk biaya perantara pedagang efek dan biaya lainnya dengan tetap broker fee and other fees in accordance with the prevailing laws with buyback
memperhatikan ketentuan yang berlaku, dengan jangka waktu pembelian of shares period within the maximum period of 12 (twelve) months as of the
kembali saham paling lama 12 (dua belas) bulan terhitung sejak tanggal approval date of Meeting.
persetujuan oleh Rapat.
2) Menyetujui pemberian kuasa kepada Direksi Perseroan untuk melaksanakan 2) Approved to grant powers to the Directors of the Company to execute the
pembelian kembali saham sesuai ketentuan yang berlaku. buyback of shares in accordance with the prevailing laws.
Realisasi Realization
Pada periode Januari sampai Desember 2025, Perseroan telah melakukan In period January to December 2025, the Company had repurchased
pembelian kembali saham sekitar 110,7 juta lembar saham dengan nilai Rp75,6 approximately 110.7 million shares with a total value of Rp75.6 billion of the total
miliar dari jumlah Pembelian Kembali Saham yang disetujui melalui RUPST 2024 Share Buyback amount approved at the 2024 and 2025 AGMS, implemented in
dan 2025 dalam dua tahap. Harga rata-rata saham yang telah dibeli kembali two phases. The average repurchase price was Rp682.81 per share. The Reports
adalah Rp682,81 per lembar saham. Laporan Hasil Pembelian Kembali Saham on the Results of the First and Second Phase Share Buyback were submitted by
untuk Tahap Pertama dan Tahap Kedua telah disampaikan Perseroan kepada the Company to the OJK on July 15, 2025 and January 15, 2026, respectively.
OJK masing-masing tertanggal 15 Juli 2025 dan 15 Januari 2026.
MATA ACARA RAPAT KEDELAPAN EIGHTH MEETING AGENDA
Laporan Realisasi Penggunaan Dana Hasil Penawaran Umum Perdana Saham. Realization Report of the Use of Proceeds of Initial Public Offering.
Keputusan Resolution
Tidak ada pengambilan keputusan pada agenda Kedelapan Rapat. There was no adopting resolution on the Eighth Meeting agenda.
Keputusan RUPSLB Kedua Tanggal 31 Oktober 2024
Resolutions of the Second EGMS Dated October 31, 2024
MATA ACARA RAPAT MEETING AGENDA
Persetujuan atas perubahan penggunaan Dana Hasil Penawaran Umum Perdana Approval of changes in the use of the Company's Public Offering Proceeds.
Saham Perseroan.
Keputusan Resolution
Menyetujui perubahan penggunaan Dana Hasil Penawaran Umum Perdana To approve the changes in the use of the Company's Public Offering Proceeds:
Saham Perseroan menjadi:
1. Sebesar Rp147.187.447.345 (seratus empat puluh tujuh miliar seratus delapan 1. Amounting of IDR147,187,447,345 (one hundred forty-seven billion one
puluh tujuh juta empat ratus empat puluh tujuh ribu tiga ratus empat puluh hundred eighty-seven million four hundred forty-seven thousand three
lima Rupiah) akan digunakan untuk belanja modal kerja Perseroan, termasuk hundred forty-five Rupiah) will be used for the Company's working capital
namun tidak terbatas untuk pembelian alat berat yang mendukung kegiatan expenditure, including but not limited to the purchase of heavy equipment
pertambangan, seiring dengan meningkatnya produksi nikel dan kegiatan to support mining activities, along with the increasing nickel production and
eksplorasi dalam rangka keperluan pengembangan teknik penambangan di exploration activities for the purpose of mining techniques development in
Pulau Obi dalam kurun waktu sampai dengan sekitar tahun 2027. Obi Island in the period up to approximately 2027.
2. Sebesar Rp1.603.815.400.000 (satu triliun enam ratus tiga miliar delapan ratus 2. Amounting of IDR1,603,815,400,000 (one trillion six hundred three billion
lima belas juta empat ratus ribu Rupiah) akan digunakan untuk penambahan eight hundred fifteen million four hundred thousand Rupiah) will be used for
kepemilikan saham di Entitas Asosiasi Perseroan, pada perusahaan additional share ownership in the Company's Associated Entity, a nickel ore
pengolahan dan/atau pemurnian bijih nikel. processing and/or refining company.
Realisasi Realization
Sudah direalisasikan. Have been realized.
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Tata Kelola Perusahaan
Corporate Governance
DIREKSI
BOARD OF DIRECTORS
Direksi merupakan organ Perseroan yang berwenang dan bertanggung The Board of Directors is the Company’s governing body that holds
jawab penuh atas pengurusan Perseroan untuk kepentingan dan full authority and responsibility for the management of the Company
tujuan Perseroan, sesuai dengan ketentuan Anggaran Dasar serta in the interest and in accordance with the objectives of the Company,
peraturan perundang-undangan yang berlaku. Dalam menjalankan as stipulated in the Articles of Association and prevailing laws and
fungsinya, Direksi bertindak selaku pimpinan eksekutif yang mengelola regulations. In performing its functions, the Board of Directors acts as
kegiatan usaha sehari-hari, mewakili Perseroan baik di dalam maupun the executive leadership responsible for managing the Company’s day-
di luar pengadilan, serta memastikan bahwa pengelolaan Perseroan to-day operations, representing the Company both in and out of court,
dilaksanakan secara efektif, efisien, dan sesuai dengan prinsip GCG. and ensuring that the Company is managed effectively, efficiently, and
in accordance with the GCG principles.
Sesuai dengan ketentuan Undang-undang No. 40 Tahun 2007 tentang In accordance with Law No. 40 of 2007 regarding Limited Liability
Persroan Terbatas dan Seluruh Perubahannya (UU 40/2007) dan POJK Company and its Amendment (Law 40/2007) and OJK Regulation No.
No. 33/POJK.04/2014 tentang Direksi dan Dewan Komisaris Emiten atau 33/POJK.04/2014 on the Board of Directors and Board of Commissioners
Perusahaan Publik, Direksi wajib menjalankan tugasnya dengan itikad of Issuers or Public Companies, the Board of Directors is required to
baik, penuh tanggung jawab, dan kehati-hatian, serta memastikan perform its duties in good faith, with full responsibility and prudence,
kepatuhan terhadap peraturan perundang-undangan yang berlaku, and to ensure compliance with applicable laws and regulations, while
termasuk dalam menjaga kepentingan pemegang saham dan safeguarding the interests of shareholders and other stakeholders.
pemangku kepentingan lainnya.
KOMPOSISI DIREKSI COMPOSITION OF THE BOARD OF DIRECTORS
Komposisi Direksi Perseroan per 31 Desember 2025 adalah sebagai The composition of the Company’s Board of Directors as of December
berikut: 31, 2025 is as follows:
Nama Jabatan Dasar Pengangkatan Terakhir Periode Menjabat
Name Position Basis of Recent Appointment Term of Office
Roy Arman Arfandy Direktur Utama
President Director
Suparsin Darmo Liwan Direktur Keuangan
Director of Finance
2022 hingga ditutupnya
Lim Sian Choo Direktur Sustainability Akta No. 145 tanggal 15 Desember 2022 RUPST 2027
Director of Sustainability Deed No. 145 dated December 15, 2022 2022 until the closing of
the 2027 AGMS
Tonny H. Gultom Direktur HSE (Health, Safety, and Environment)
Director of Health, Safety, and Environment (HSE)
Younsel Evand Roos Direktur Operasional
Director of Operations
MASA JABATAN TERM OF OFFICE
Masa jabatan anggota Direksi ditetapkan sesuai dengan ketentuan The term of office of the members of the Board of Directors is determined
dalam Anggaran Dasar Perseroan dan Board Manual. Anggota Direksi in accordance with the provisions set out in the Company’s Articles of
diangkat dan diberhentikan oleh RUPS dengan memperhatikan Association and the Board Manual. Members of the Board of Directors
ketentuan mengenai kuorum, hak suara, dan keputusan RUPS serta are appointed and dismissed by the GMS, with due consideration to
peraturan perundang-undangan yang berlaku. the quorum, voting rights, and resolutions of the GMS, as well as the
prevailing laws and regulations.
Setiap anggota Direksi diangkat untuk jangka waktu sejak tanggal Each member of the Board of Directors is appointed for a term
yang ditetapkan dalam RUPS yang mengangkatnya dan berakhir pada commencing from the date determined by the GMS that appoints them
penutupan RUPS Tahunan kelima sejak tanggal pengangkatan, yang and ending at the closing of the fifth Annual GMS following the date of
mencerminkan satu periode masa jabatan selama 5 (lima) tahun. appointment, representing one term of office of 5 (five) years.
Dengan tetap memperhatikan ketentuan peraturan perundang- Subject to the applicable laws and regulations in the capital market
undangan di bidang pasar modal, RUPS memiliki kewenangan untuk sector, the GMS has the authority to dismiss members of the Board of
memberhentikan anggota Direksi sewaktu-waktu sebelum berakhirnya Directors at any time prior to the expiration of their respective terms
masa jabatan yang bersangkutan. of office.
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RINGKASAN TUGAS, WEWENANG, DAN KEWAJIBAN DIREKSI SUMMARY OF DUTIES, AUTHORITIES, AND
RESPONSIBILITIES OF THE BOARD OF DIRECTORS
Direksi bertanggung jawab penuh atas pengurusan dan pengelolaan The Board of Directors is fully responsible for managing and
Perseroan untuk kepentingan dan tujuan Perseroan, termasuk administering the Company in the best interests and for the objectives
menjalankan kegiatan operasional, menyusun strategi dan rencana of the Company, including overseeing day-to-day operations,
kerja, serta memastikan kepatuhan terhadap peraturan perundang- formulating strategies and business plans, and ensuring compliance
undangan dan prinsip GCG. Dalam menjalankan tugasnya, Direksi wajib with applicable laws and regulations as well as the GCG principles. In
bertindak dengan itikad baik, penuh tanggung jawab, serta kehati- carrying out its duties, the Board of Directors shall act in good faith, with
hatian (fiduciary duty). full responsibility, and with due care (fiduciary duty).
Direksi berwenang mewakili Perseroan baik di dalam maupun di luar The Board of Directors is authorized to represent the Company both
pengadilan serta mengambil keputusan strategis dan operasional in and out of court and to make strategic and operational decisions in
sesuai dengan anggaran dasar dan ketentuan yang berlaku. Namun, accordance with the Articles of Association and prevailing regulations.
untuk tindakan-tindakan tertentu yang bersifat material seperti For certain material actions, including financing, investment, or asset-
transaksi pendanaan, investasi, atau pengalihan aset, Direksi wajib related transactions, the Board of Directors is required to obtain
memperoleh persetujuan Dewan Komisaris atau RUPS sesuai Anggaran approval from the Board of Commissioners or the GMS in accordance
Dasar perseroan dan peraturan yang berlaku. with the Company’s Article of Associations and applicable provisions.
Direksi juga bertanggung jawab untuk memastikan transparansi, The Board of Directors is also responsible for ensuring transparency,
akuntabilitas, dan tata kelola yang baik dalam mengelola Perseroan, accountability, and proper governance in managing the Company,
termasuk menyiapkan dan menyampaikan laporan keuangan including preparing and submitting financial statements and annual
dan laporan tahunan, menjaga sistem pengendalian internal dan reports, maintaining effective internal control and risk management
manajemen risiko yang efektif, memastikan kepatuhan terhadap systems, ensuring regulatory compliance, disclosing share ownership
peraturan, mengungkapkan kepemilikan saham dan potensi konflik and potential conflicts of interest, and reporting its performance to the
kepentingan, serta melaporkan kinerjanya kepada RUPS. GMS.
Tugas, wewenang dan kewajiban Direksi lebih rinci tertuang dalam Board
Manual yang dapat dilihat pada situs web Perseroan.
Further details on the duties, authorities, and of the Board of Directors are set out in the Board Manual,
which is available on the Company’s website
Pembagian Tugas Anggota Direksi
Division of Duties of the Board of Directors
Pembagian tugas dan wewenang masing-masing anggota Direksi
ditetapkan berdasarkan jabatan sebagaimana ditetapkan dalam
keputusan RUPS mengenai pengangkatan Direksi. Selanjutnya,
Direksi mengatur rincian pembagian tugas dan wewenang tersebut
dengan mempertimbangkan keahlian dan kompetensi masing-
masing anggota Direksi.
The division of duties and authorities of each member of the Board
of Directors is determined based on their respective positions as
stipulated in the GMS resolution on the appointment of the Board
of Directors. The Board of Directors subsequently establishes the
detailed allocation of duties and authorities by taking into account
the expertise and competencies of each member.
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Tata Kelola Perusahaan
Corporate Governance
Nama Jabatan Ruang Lingkup Tugas dan Tanggung Jawab
Name Position Scope of Duties and Responsibilities
Roy Arman Arfandy Direktur Utama Mengkoordinasikan seluruh kegiatan usaha serta memimpin pengembangan bisnis
President Director Perseroan.
Coordinating all business activities and leading the Company’s business development.
Suparsin Darmo Liwan Direktur Keuangan Bertanggung jawab atas pengelolaan fungsi keuangan, akuntansi, dan perpajakan.
Director of Finance Responsible for the management of finance, accounting, and taxation functions.
Lim Sian Choo Direktur Sustainability Bertanggung jawab atas penerapan prinsip keberlanjutan dalam kegiatan usaha
Director of Sustainability Perseroan.
Responsible for the implementation of sustainability principles in the Company’s business
activities.
Tonny H. Gultom Direktur HSE (Health, Safety, and Bertanggung jawab atas penerapan aspek Health, Safety, and Environment (HSE) di
Environment) seluruh operasional Perseroan.
Director of Health, Safety, and Responsible for the implementation of Health, Safety, and Environment (HSE) aspects
Environment (HSE) across the Company’s operations.
Younsel Evand Roos Direktur Operasional Bertanggung jawab atas pelaksanaan kegiatan operasional penambangan Perseroan.
Director of Operations Responsible for the execution of the Company’s mining operational activities.
Board Manual
Board Manual
Perseroan memiliki Pedoman Kerja Dewan Komisaris dan Direksi (Board Manual)
yang mengatur tata hubungan kerja antara Dewan Komisaris dan Direksi dalam
menjalankan fungsi pengawasan dan pengelolaan Perseroan. Board Manual
disusun sebagai acuan bagi kedua organ tersebut dalam melaksanakan tugas,
wewenang, dan tanggung jawabnya secara efektif, transparan, independen, dan
akuntabel, dengan mengacu pada ketentuan peraturan perundang-undangan yang
berlaku, Anggaran Dasar, serta prinsip-prinsip GCG.
Board Manual memuat antara lain pengaturan mengenai peran dan tanggung
jawab Dewan Komisaris dan Direksi, mekanisme pengambilan keputusan,
hubungan kerja antar organ Perseroan, serta penerapan prinsip kehati-hatian
dan etika dalam pengelolaan Perseroan. Melalui Board Manual ini, Perseroan
memastikan adanya kejelasan fungsi, pembagian peran yang tegas, serta sinergi
yang efektif antara Dewan Komisaris dan Direksi dalam mendukung pencapaian
tujuan strategis Perseroan.
The Company has established a Board Manual that governs the working relationship
between the Board of Commissioners and the Board of Directors in carrying out their
supervisory and management functions. The Board Manual serves as a reference for
both governing bodies in performing their duties, authorities, and responsibilities in
an effective, transparent, independent, and accountable manner, in accordance with
applicable laws and regulations, the Articles of Association, and the GCG principles.
The Board Manual outlines, among others, the roles and responsibilities of the Board
of Commissioners and the Board of Directors, decision-making mechanisms, working
relationships among the Company’s governing bodies, as well as the application
of prudential principles and ethics in managing the Company. Through this Board
Manual, the Company ensures clarity of functions, a clear division of roles, and
effective synergy between the Board of Commissioners and the Board of Directors in
supporting the achievement of the Company’s strategic objectives.
Board Manual dapat diakses dan diunduh melalui situs web Perseroan pada
laman https://tbpnickel.com/id/corporate-governance/board-manual-policy
The Board Manual is accessible and available for download on the Company’s website at
https://tbpnickel.com/id/corporate-governance/board-manual-policy
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KEBERAGAMAN KOMPOSISI DIREKSI DAN DEWAN DIVERSITY IN THE COMPOSITION OF THE BOARD OF
KOMISARIS DIRECTORS AND BOARD OF COMMISSIONERS
Perseroan tidak menetapkan kebijakan khusus terkait keberagaman The Company does not establish a specific policy regarding diversity
dalam komposisi Direksi dan Dewan Komisaris. Namun in the composition of the Board of Directors and the Board of
demikian, proses nominasi bagi kedua organ tersebut senantiasa Commissioners. However, the nomination process for both governing
mempertimbangkan aspek keberagaman, termasuk latar belakang bodies consistently takes into account diversity aspects, including
pendidikan, pengalaman kerja, usia, gender, serta kewarganegaraan, educational background, professional experience, age, gender, and
dengan tetap mengedepankan prinsip berbasis kompetensi dan nationality, while prioritizing a competency-based approach and
kesesuaian dengan kebutuhan posisi di Perseroan. alignment with the Company’s organizational needs.
Komposisi Direksi dan Dewan Komisaris saat ini telah mencerminkan The current composition of the Board of Directors and the Board
keberagaman dari berbagai aspek tersebut, sebagaimana dapat dilihat of Commissioners reflects diversity across these aspects, as further
pada bagian Profil Direksi dan Dewan Komisaris. Secara ringkas, detailed in the respective profiles of each governing body. In summary,
pemenuhan unsur keberagaman dalam komposisi kedua organ the fulfillment of diversity elements in the composition of both
tersebut disajikan pada tabel berikut. governing bodies is presented in the following table.
Aspek Keberagaman Organ Tata Kelola
Diversity Aspects of the Company’s Governing Bodies
Aspek Keberagaman Direksi Dewan Komisaris
Diversity Aspect Board of Directors Board of Commissioners
Pendidikan Memiliki latar belakang pendidikan yang beragam mulai dari Memiliki latar belakang pendidikan di bidang Hukum,
Teknik (termasuk Teknik Tambang), Akuntansi, Keuangan, hingga Manajemen, dan Matematika/Operation Research, dengan
Bisnis dan Administrasi, dengan jenjang pendidikan S1 hingga S2 jenjang pendidikan S1 hingga S2 yang mencerminkan perspektif
serta didukung sertifikasi profesional. strategis dan tata kelola.
Education Members of the Board of Directors having diverse educational Members of the Board of Commissioners have educational
backgrounds ranging from Engineering (including Mining backgrounds in Law, Management, and Mathematics/Operations
Engineering), Accounting, Finance, to Business and Research, with qualifications ranging from undergraduate to
Administration, with academic qualifications from undergraduate postgraduate levels, reflecting strong governance and strategic
to postgraduate levels, supported by relevant professional perspectives.
certifications.
Pengalaman Kerja Memiliki pengalaman profesional yang luas di sektor Memiliki pengalaman profesional yang kuat di berbagai sektor,
pertambangan, industri pengolahan, keuangan, perbankan, termasuk pertambangan, kesehatan, keuangan, manufaktur, dan
hingga keberlanjutan, baik di tingkat nasional maupun jasa, serta pengalaman sebagai komisaris, direktur, dan penasihat
internasional, termasuk pengalaman sebagai eksekutif senior dan di berbagai perusahaan.
pimpinan perusahaan.
Work Experience Members of the Board of Directors bring extensive professional Members of the Board of Commissioners have extensive
experience across mining, processing industries, finance, professional experience across various sectors, including mining,
banking, and sustainability sectors, at both national and healthcare, finance, manufacturing, and services, as well as
international levels, including experience as senior executives experience as commissioners, directors, and advisors in multiple
and company leaders. organizations.
Usia Berada dalam rentang usia 42–69 tahun, mencerminkan Berada dalam rentang usia 59–77 tahun, mencerminkan
kombinasi antara pengalaman senior dan perspektif profesional kedalaman pengalaman dan kematangan dalam fungsi
yang dinamis. pengawasan dan pemberian nasihat.
Age Members of the Board of Directors are within the age range of 42 Members of the Board of Commissioners are within the age range
to 69 years, reflecting a balance between senior experience and of 59 to 77 years, reflecting depth of experience and maturity in
dynamic professional perspectives. supervisory and advisory functions.
Jenis Kelamin Terdapat keterwakilan perempuan dalam jajaran Direksi, Seluruh anggota Dewan Komisaris merupakan laki-laki.
yang mencerminkan komitmen terhadap inklusivitas dan
keberagaman gender.
Gender The Board of Directors includes female representation, reflecting All members of the Board of Commissioners are male.
the Company’s commitment to inclusivity and gender diversity.
Kewarganegaraan Terdiri dari Warga Negara Indonesia dan Warga Negara Seluruh anggota Dewan Komisaris merupakan Warga Negara
Asing (Malaysia), yang memberikan perspektif global dalam Indonesia.
pengelolaan Perseroan.
Nationality The Board of Directors consists of both Indonesian and foreign All members of the Board of Commissioners are Indonesian
nationals (Malaysia), providing a broader global perspective in nationals.
managing the Company.
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Tata Kelola Perusahaan
Corporate Governance
RANGKAP JABATAN CONCURRENT POSITIONS
Perseroan memperkenankan anggota Direksi untuk memiliki rangkap The Company allows members of the Board of Directors to hold
jabatan sepanjang tidak bertentangan dengan peraturan perundang- concurrent positions, provided that such positions do not conflict
undangan yang berlaku, khususnya Peraturan OJK No. 33/POJK.04/2014 with applicable laws and regulations, particularly OJK Regulation
tentang Direksi dan Dewan Komisaris Emiten atau Perusahaan Publik, No. 33/POJK.04/2014 concerning the Board of Directors and Board of
dengan ketentuan sebagai berikut: Commissioners of Issuers or Public Companies, with the following
provisions:
1. Anggota Direksi dapat merangkap jabatan sebagai anggota Direksi 1. Members of the Board of Directors may concurrently serve as
paling banyak pada 1 (satu) Emiten atau Perusahaan Publik lain; members of the Board of Directors in a maximum of 1 (one) other
issuer or public company;
2. Anggota Direksi dapat merangkap jabatan sebagai anggota Dewan 2. Members of the Board of Directors may concurrently serve as
Komisaris paling banyak pada 3 (tiga) Emiten atau Perusahaan members of the Board of Commissioners in a maximum of 3 (three)
Publik lain; dan other issuers or public companies; and
3. Anggota Direksi dapat merangkap sebagai anggota komite paling 3. Members of the Board of Directors may concurrently serve as
banyak pada 5 (lima) komite di Emiten atau Perusahaan Publik members of committees in a maximum of 5 (five) committees in
tempat yang bersangkutan juga menjabat sebagai anggota Direksi issuers or public companies where they also serve as members of
atau Dewan Komisaris. the Board of Directors or Board of Commissioners.
Informasi mengenai rangkap jabatan masing-masing anggota Direksi disajikan
pada bagian Profil Perusahaan dalam Laporan Tahunan ini.
Information on the concurrent positions of each member of the Board of Directors is presented in the
Company Profile section of this Annual Report.
RAPAT DIREKSI DAN RAPAT GABUNGAN DIREKSI DAN DEWAN BOARD OF DIRECTORS MEETINGS AND JOINT MEETINGS OF
KOMISARIS THE BOARD OF DIRECTORS AND BOARD OF COMMISSIONERS
Kebijakan Rapat Direksi Board Of Directors Meeting Policy
Direksi menyelenggarakan rapat secara berkala sebagai bagian dari The Board of Directors convenes meetings on a regular basis as part
mekanisme pengambilan keputusan strategis dan pengelolaan of the Company’s strategic decision-making process and operational
operasional Perseroan. Rapat Direksi merupakan forum utama bagi management. Board of Directors meetings serve as the primary forum
Direksi untuk membahas kinerja operasional, kondisi keuangan, for discussing operational performance, financial condition, risk
manajemen risiko, kepatuhan, serta isu-isu strategis lainnya guna management, compliance, and other strategic matters to ensure that
memastikan bahwa kegiatan usaha Perseroan berjalan sesuai dengan the Company’s business activities are conducted in line with its plans
rencana dan prinsip GCG. and GCG principles.
Rapat Direksi diselenggarakan secara rutin dengan frekuensi yang Board of Directors meetings are held regularly with adequate frequency
memadai, serta dapat dilaksanakan sewaktu-waktu apabila diperlukan. and may also be convened at any time when necessary. Each meeting
Setiap rapat dipimpin oleh Direktur Utama atau anggota Direksi yang is chaired by the President Director or a designated member of the
ditunjuk, dan dihadiri oleh seluruh anggota Direksi. Dalam hal tertentu, Board of Directors and attended by all members. Where appropriate,
Direksi dapat mengundang pihak internal maupun eksternal yang the Board of Directors may invite relevant internal or external parties to
relevan untuk memberikan masukan atau penjelasan atas agenda yang provide input or clarification on the matters discussed.
dibahas.
Pengambilan keputusan dalam rapat Direksi dilakukan berdasarkan Decisions in Board of Directors meetings are made based on deliberation
musyawarah untuk mufakat. Dalam hal tidak tercapai mufakat, to reach consensus. In the event that consensus cannot be achieved,
keputusan diambil melalui mekanisme pemungutan suara sesuai decisions are made through a voting mechanism in accordance with
ketentuan yang berlaku. Setiap rapat Direksi dituangkan dalam applicable provisions. Each meeting is documented in minutes of
risalah rapat yang memuat hasil pembahasan dan keputusan yang meeting, which record the discussions and resolutions made, and are
diambil, serta didokumentasikan secara tertib sebagai bagian dari properly maintained as part of the Board of Directors’ accountability.
pertanggungjawaban Direksi.
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Kebijakan Rapat Gabungan Direksi dan Dewan Komisaris Joint Meetings Policy of the Board of Directors and Board of
Commissioners
Selain rapat Direksi, Perseroan juga menyelenggarakan rapat gabungan In addition to Board of Directors meetings, the Company also
antara Direksi dan Dewan Komisaris sebagai bagian dari mekanisme conducts joint meetings between the Board of Directors and the
pengawasan dan koordinasi antar organ tata kelola. Rapat gabungan Board of Commissioners as part of the governance oversight and
ini diselenggarakan secara berkala maupun sewaktu-waktu apabila coordination mechanism between governing bodies. These meetings
diperlukan, dengan agenda utama berupa penyampaian laporan are held periodically or as needed, with primary agendas including
kinerja Perseroan, pembahasan isu-isu strategis dan material, serta the presentation of the Company’s performance reports, discussion
permintaan arahan atau persetujuan dari Dewan Komisaris atas of strategic and material issues, as well as requests for direction or
kebijakan tertentu. approval from the Board of Commissioners on certain matters.
Pelaksanaan Rapat Direksi dan Rapat Gabungan Direksi dan Dewan Implementation of Board of Directors Meetings and Joint Meetings
Komisaris Tahun 2025 of the Board of Directors and Board of Commissioners in 2025
Sepanjang tahun 2025, Direksi menyelenggarakan 12 kali rapat Direksi, Throughout 2025, the Board of Directors convened 12 Board of Directors
baik secara internal maupun bersama manajemen, serta 4 (empat) meetings, both internally and with management, as well as 4 (four) joint
kali rapat gabungan dengan Dewan Komisaris. Rapat-rapat tersebut meetings with the Board of Commissioners. These meetings served
menjadi sarana utama bagi Direksi dalam memastikan koordinasi yang as the primary platform for the Board of Directors to ensure effective
efektif, pengambilan keputusan yang tepat waktu, serta pemantauan coordination, timely decision-making, and continuous monitoring of
kinerja Perseroan secara berkelanjutan. the Company’s performance.
Dalam rapat Direksi, agenda pembahasan mencakup evaluasi kinerja In Board of Directors meetings, the agenda covered periodic
keuangan dan operasional Perseroan dan Entitas Anak secara berkala, evaluations of the Company’s and its Subsidiaries’ financial and
termasuk analisis capaian dibandingkan target yang telah ditetapkan. operational performance, including analysis of actual performance
Direksi juga membahas perkembangan kegiatan operasional, kemajuan against established targets. The Board of Directors also discussed
proyek investasi dan hilirisasi, serta berbagai inisiatif strategis dalam operational developments, progress of investment and downstream
rangka memperkuat posisi Perseroan di industri nikel yang dinamis. projects, as well as various strategic initiatives aimed at strengthening
Selain itu, rapat Direksi turut membahas persiapan pelaksanaan RUPS the Company’s position in the dynamic nickel industry. In addition,
beserta agenda yang akan diajukan, serta berbagai kendala operasional the meetings addressed preparations for the GMS and its proposed
dan langkah mitigasi yang diperlukan untuk menjaga kelangsungan agenda, as well as operational challenges and the necessary mitigation
dan efektivitas usaha. measures to ensure business continuity and operational effectiveness.
Sementara itu, dalam rapat gabungan antara Direksi dan Dewan Meanwhile, in the joint meetings between the Board of Directors and
Komisaris, Direksi menyampaikan laporan kinerja keuangan dan the Board of Commissioners, the Board of Directors presented periodic
operasional secara periodik dalam cakupan triwulanan, sebagai reports on financial and operational performance on a quarterly basis,
bagian dari mekanisme pengawasan dan akuntabilitas. Rapat ini juga as part of the oversight and accountability mechanism. These meetings
menjadi forum untuk membahas perkembangan proyek strategis serta also served as a forum to discuss the progress of strategic projects and
isu-isu material yang berpotensi memengaruhi kinerja Perseroan, material issues that may affect the Company’s performance, including
termasuk dinamika industri nikel dan kondisi pasar. Dewan Komisaris developments in the nickel industry and market conditions. The Board
memberikan arahan, masukan, serta persetujuan atas hal-hal tertentu of Commissioners provided direction, input, and approvals on matters
sesuai kewenangannya, sehingga memastikan bahwa setiap kebijakan within its authority, thereby ensuring that the Company’s policies
dan keputusan strategis Perseroan berada dalam koridor kehati-hatian, and strategic decisions remain within the principles of prudence,
kepatuhan, dan prinsip tata kelola yang baik. compliance, and sound governance.
Kehadiran Anggota Direksi Dalam Rapat Direksi
Attendance of the Board of Directors in Board of Directors Meetings
Jumlah Rapat
Nama Jabatan Jumlah Kehadiran % Alasan Ketidakhadiran
Number of
Name Position Total Attendance Reason of Absence
Meeting
Roy Arman Arfandy Direktur Utama 12 11 92 Dinas
President Director due to official duty
Suparsin Darmo Liwan Direktur Keuangan 12 12 100 -
Director of Finance
Lim Sian Choo Direktur Sustainability 12 9 75 Dinas
Director of Sustainability due to official duty
Tonny H. Gultom Direktur HSE (Health, Safety, and 12 11 92 Dinas
Environment) due to official duty
Director of Health, Safety, and Environment
(HSE)
Younsel Evand Roos Direktur Operasional 12 11 92 Cuti
Director of Operations On Leave
Rata-rata Kehadiran (%) | Average Attendance Rate (%) 90
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Tata Kelola Perusahaan
Corporate Governance
Kehadiran Anggota Direksi dalam Rapat Gabungan Direksi dan Dewan Komisaris
Attendance of the Board of Directors in Joint Meetings of the Board of Directors and Board of Commissioners
Jumlah Rapat
Nama Jabatan Jumlah Kehadiran % Alasan Ketidakhadiran
Number of
Name Position Total Attendance Reason of Absence
Meeting
Roy Arman Arfandy Direktur Utama 4 4 100 -
President Director
Suparsin Darmo Liwan Direktur Keuangan 4 4 100 -
Director of Finance
Lim Sian Choo Direktur Sustainability 4 4 100 -
Director of Sustainability
Tonny H. Gultom Direktur HSE (Health, Safety, and 4 4 100 -
Environment)
Director of Health, Safety, and Environment
(HSE)
Younsel Evand Roos Direktur Operasional 4 4 100 -
Director of Operations
Rata-rata Kehadiran (%) | Average Attendance Rate (%) 100
Kehadiran Anggota Direksi dalam RUPS Tahun 2025 Attendance of Members of the Board of Directors in 2025 GMS
Informasi kehadiran anggota Direksi dalam RUPS tahun 2025 disajikan Information regarding the attendance of members of the Board of
di bagian “Rapat Umum Pemegang Saham”. Directors at GMS in 2025 is presented in the “General Meeting of
Shareholders” section.
PENGEMBANGAN KOMPETENSI COMPETENCE DEVELOPMENT
Kebijakan Pengembangan Kompetensi Direksi Policy on Competency Development of the Board of Directors
Sejalan dengan ketentuan POJK No. 33/POJK.04/2014, anggota Direksi In accordance with OJK Regulation No. 33/POJK.04/2014, members
diwajibkan untuk mengikuti program pengembangan kompetensi of the Board of Directors are required to participate in competency
guna meningkatkan pengetahuan, keterampilan, dan pemahaman development programs to enhance their knowledge, skills, and
terhadap dinamika industri, regulasi, serta praktik tata kelola yang terus understanding of industry developments, regulatory changes, and
berkembang. evolving governance practices.
Sebagai bagian dari penerapan prinsip tata kelola sebagaimana As part of the implementation of governance principles as stipulated
diatur dalam Peraturan OJK No. 21/POJK.04/2015 dan Surat Edaran in OJK Regulation No. 21/POJK.04/2015 and OJK Circular Letter No. 32/
OJK No. 32/SEOJK.04/2015, Perseroan menyusun dan melaksanakan SEOJK.04/2015, the Company establishes and implements competency
program pengembangan kompetensi Direksi yang mencakup antara development programs for the Board of Directors, which include
lain pelatihan, seminar, workshop, dan forum lainnya yang relevan training, seminars, workshops, and other relevant forums aligned
dengan kebutuhan Perseroan. Pelaksanaan program tersebut with the Company’s needs. The implementation of these programs is
didokumentasikan dan dievaluasi secara berkala untuk memastikan documented and periodically evaluated to ensure their effectiveness in
efektivitasnya dalam mendukung peningkatan kinerja Direksi, serta supporting the performance of the Board of Directors, and is disclosed
dilaporkan sebagai bagian dari pengungkapan dalam Laporan Tahunan. as part of the Annual Report.
Program Pengembangan Kompetensi yang Diikuti Direksi pada Tahun 2025
Competency Development Programs Attended by the Board of Directors in 2025
Program Tempat, Tanggal Peran Penyelenggara
Program Place, Date Role Organizer
Roy Arman Arfandy
Macquarie Conference: 100 days of New Indonesia Jakarta Pembicara Macquarie
22 Januari | January 22 Speaker
DBS Asian Insights Conference 2025: 8% and Beyond with Key Thought Jakarta Peserta DBS Bank
Leaders 21 Mei | May 21 Participant
The 4th Nickel Producers, Processors, and Buyers Conference Jakarta Pembicara Petromindo Grup &
7 Agustus | August 7 Speaker CoalMetalAsia Magazine
Citi Conference Jakarta Peserta Citi
27 Agustus | August 27 Participant
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Program Pengembangan Kompetensi yang Diikuti Direksi pada Tahun 2025
Competency Development Programs Attended by the Board of Directors in 2025
Program Tempat, Tanggal Peran Penyelenggara
Program Place, Date Role Organizer
NRGI Indonesia Multi Stakeholder Discussion Forum Jakarta Peserta DEN
4 Desember | December 4 Participant
Suparsin Darmo Liwan
Mandiri Investment Forum 2025 Jakarta Peserta Bank Mandiri
11 Februari | February 11 Participant
JP Morgan 2025 Economic Outlook Webinar Peserta JP Morgan
14 Februari | February 14 Participant
Indonesia Economic Summit 2025 Jakarta Peserta Indonesian Business
18-19 Februari | February 18-29 Participant Council
US Reciprocal Tariff and its Potential Implications Webinar Peserta OCBC Bank
4 April | April 4 Participant
Asian Insights Conference 2025 Jakarta Peserta DBS Bank
21 Mei | May 21 Participant
Asia Pacific CFO and Treasurers Forum Singapura | Singapore Peserta JP Morgan
10 September | September 10 Participant
Economic Outlook 2026 Jakarta Peserta Bank Permata
28 Oktober | October 28 Participant
Metal and Mining Forum Jakarta Peserta DBS Bank
26 November | November 26 Participant
Tonny H. Gultom
Menuju Rantai Pasok Nikel yang Lebih Bertanggungjawab untuk Jakarta Pembicara Utama ESDM
Mendukung Transisi Energi Indonesia 24 April | April 24 Keynote Speaker
Towards a More Responsible Nickel Supply Chain to Support Indonesia’s
Energy Transition
CPI Forum 2025 Jakarta Pembicara Utama KCMI, IAGI & Perhapi
10 September | September 10 Keynote Speaker
The Role of Professionals in Advancing Sustainable Practices in the Nickel Jakarta Panelis APNI
Industry 2 Juni | June 2 Panelist
Indonesia Critical Minerals Conference & Expo 2025 Jakarta Panelis Shanghai Metals Market
“How to Jointly Achieve and Establish a Sustainable Nickel-Cobalt Industry” 4 Juni | June 4 Panelist
FGD Penyusunan Standar ESG Industri Indonesia Jakarta Panelis PERHAPI
FGD on the Development of ESG Standards for Indonesian Industry 25 juni | June 25 Panelist
Penyusunan SNI Pemanfaatan Slag Nickel sebagai Pembenah Tanah Jakarta Anggota Komisi ESDM-Minerba
Reklamasi 17 Oktober | October 17 Teknik 13-05
Development of Indonesian National Standard (SNI) on the Utilization of Member of
Nickel Slag as a Soil Amendment for Land Reclamation the Technical
Commission 13-05
Leadership Insight Session on Media Landscape & Reputation with Tempo Jakarta Peserta Harita Nickel
19 November | November 19 Participant
Program MLD (Managerial Leadership Development with Quintave Jakarta Peserta Harita Nickel
Managerial Leadership Development (MLD) Program with Quintave 11 & 18 Januari Participant
January 11 & 18
Lim Sian Choo
Pada tahun 2025 tidak mengikuti program pengembangan kompetensi
Did not participate in any competency development programs in 2025
Younsel Evand Roos
Pada tahun 2025 tidak mengikuti program pengembangan kompetensi
Did not participate in any competency development programs in 2025
Keterangan | Notes:
DEN Dewan Ekonomi Nasional | National Economic Council
ESDM Kementerian Energi dan Sumber Daya Mineral | Ministry of Energy and Mineral Resources
KCMI Komite Cadangan Mineral Indonesia | Indonesian Mineral Reserve Committee
IAGI Ikatan Ahli Geologi Indonesia | Indonesian Association of Geologists
PERHAPI Perhimpunan Ahli Pertambangan Indonesia | Association of Indonesian Mining Professionals
APNI Asosiasi Penambang Nikel Indonesia | Indonesian Nickel Miners Association
ESDM-Minerba Direktorat Jenderal Mineral dan Batubara, Kementerian ESDM | Directorate General of Minerals and Coal, Ministry of Energy and Mineral Resources
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Tata Kelola Perusahaan
Corporate Governance
Program Orientasi bagi Direktur Baru Orientation Program for Newly Appointed Directors
Setiap anggota Direksi yang baru diangkat diwajibkan mengikuti Newly appointed members of the Board of Directors are required to
program orientasi untuk memahami tugas dan tanggung jawabnya, participate in an orientation program to gain an understanding of their
proses bisnis Perseroan, arah dan rencana strategis, serta membangun roles and responsibilities, the Company’s business processes, strategic
keselarasan kerja dengan organ Perseroan lainnya. Program orientasi direction, and to ensure alignment with other governing bodies.
dapat dilaksanakan dalam berbagai bentuk, antara lain presentasi, The orientation program may be conducted through presentations,
pertemuan, kunjungan ke Entitas Anak, atau metode lain yang relevan meetings, site visits to Subsidiaries, or other relevant methods as
sesuai kebutuhan. required.
Pada tahun 2025, Perseroan tidak menyelenggarakan program orientasi In 2025, the Company did not conduct an orientation program for newly
bagi anggota Direksi baru, mengingat tidak terdapat perubahan atau appointed members of the Board of Directors, as there were no changes
penambahan dalam komposisi Direksi. or additions to the composition of the Board of Directors.
PENILAIAN DIREKSI ATAS KINERJA KOMITE
PENDUKUNG DIREKSI
BOARD OF DIRECTORS ASSESSMENT OF THE PERFORMANCE OF
SUPPORTING COMMITTEES
Direksi membentuk komite-komite operasional di bawah Direksi The Board of Directors established operational committees under its
sebagai bagian dari mekanisme pengambilan keputusan dan authority as part of the decision-making process and to strengthen
penguatan fungsi pengawasan internal. Komite tersebut adalah Komite internal oversight functions. These committees are the Sustainability
Keberlanjutan & Keberagaman serta Komite Etik & Risiko. Berdasarkan & Diversity Committee and the Ethics & Risk Committee. Based on the
hasil penilaian tahun 2025, seluruh komite telah menjalankan tugas 2025 assessment results, all committees have effectively performed
dan tanggung jawabnya dengan baik serta sesuai dengan ketentuan their duties and responsibilities in accordance with applicable
dan prosedur yang berlaku. provisions and procedures.
KOMITE KEBERLANJUTAN & KEBERAGAMAN SUSTAINABILITY & DIVERSITY COMMITTEE
Prosedur Penilaian Kinerja Performance Assessment Procedure
Penilaian kinerja Komite Keberlanjutan & Keberagaman dilakukan The performance of the Sustainability & Diversity Committee is assessed
secara berkala melalui mekanisme self-assessment, peer evaluation, periodically through self-assessment, peer evaluation, and other
serta metode lain yang ditetapkan dalam rapat Direksi. Penilaian methods determined in Board of Directors meetings. The assessment
mempertimbangkan antara lain efektivitas pelaksanaan tugas sesuai considers, among others, the effectiveness of the Committee’s duties in
Piagam Komite, kualitas rekomendasi kepada Direksi, kontribusi accordance with its Charter, the quality of recommendations provided to
terhadap penerapan keberlanjutan, serta tingkat kehadiran dalam the Board of Directors, contributions to sustainability implementation,
rapat. Hasil evaluasi disampaikan kepada Direksi sebagai dasar and attendance levels at meetings. The evaluation results are reported
perbaikan berkelanjutan. to the Board of Directors as a basis for continuous improvement.
Keanggotaan Komite Dan Kompetensinya Committee Membership And Competencies
Komite terdiri dari perwakilan Direksi dan eksekutif senior yang memiliki The Committee consists of members of the Board of Directors and
kompetensi di bidang operasional, keberlanjutan, hubungan eksternal, senior executives with competencies in operations, sustainability,
serta lingkungan dan sosial. Keberagaman latar belakang pendidikan external relations, and environmental and social aspects. The diversity
dan pengalaman anggota, termasuk di bidang teknik, keberlanjutan, of educational backgrounds and professional experience, including in
dan pengembangan masyarakat, mendukung efektivitas Komite dalam engineering, sustainability, and community development, supports the
mengkaji isu-isu ESG dan strategi keberlanjutan Perseroan. Committee’s effectiveness in reviewing ESG issues and the Company’s
sustainability strategy.
Jumlah Rapat Dan Kehadiran Number Of Meetings And Attendance
Sepanjang tahun 2025, Komite telah menyelenggarakan 4 (empat) kali Throughout 2025, the Committee held 4 (four) meetings with majority
rapat dengan tingkat kehadiran mayoritas anggota. Pelaksanaan rapat attendance. These meetings were conducted periodically as a forum for
dilakukan secara berkala sebagai forum koordinasi dan pembahasan coordination and discussion of strategic sustainability-related issues.
isu-isu strategis terkait keberlanjutan.
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Capaian Kinerja Komite Tahun 2025 Committee Performance Achievements In 2025
Selama tahun 2025, Komite Keberlanjutan & Keberagaman telah During 2025, the Sustainability & Diversity Committee effectively carried
melaksanakan tugasnya secara efektif sesuai dengan Piagam Komite, out its duties in accordance with its Charter, including discussions
antara lain melalui pembahasan isu-isu ESG, pemantauan tindak lanjut on ESG issues, monitoring follow-up actions on sustainability audit
hasil audit keberlanjutan, serta pemberian rekomendasi kepada Direksi findings, and providing recommendations to the Board of Directors
terkait arah pengembangan usaha. Komite juga berkontribusi dalam regarding the Company’s business development direction. The
penyusunan strategi jangka pendek, menengah, dan panjang guna Committee also contributed to the formulation of short-, medium-,
memastikan implementasi kebijakan keberlanjutan yang terukur dan and long-term strategies to ensure that sustainability policies are
selaras dengan tujuan Perseroan. measurable and aligned with the Company’s objectives.
KOMITE ETIK & RISIKO ETHICS & RISK COMMITTEE
Prosedur Penilaian Kinerja Performance Assessment Procedure
Penilaian kinerja Komite Etik & Risiko dilakukan secara berkala melalui The performance of the Ethics & Risk Committee is assessed
self-assessment, peer evaluation, serta metode lain yang ditetapkan periodically through self-assessment, peer evaluation, and other
oleh Direksi. Parameter penilaian meliputi efektivitas pelaksanaan methods determined by the Board of Directors. The assessment
fungsi sesuai Piagam Komite, kualitas rekomendasi terkait pengelolaan parameters include the effectiveness of the Committee’s functions in
risiko dan etika, tingkat pemahaman anggota terhadap risiko Perseroan, accordance with its Charter, the quality of recommendations related to
serta tingkat kehadiran dalam rapat. risk management and ethics, the level of members’ understanding of
the Company’s risks, and attendance at meetings.
Keanggotaan Komite Dan Kompetensinya Committee Membership And Competencies
Komite terdiri dari anggota Direksi dan perwakilan fungsi perusahaan The Committee consists of members of the Board of Directors and
yang memiliki kompetensi di bidang manajemen risiko, keuangan, representatives from various corporate functions with competencies
operasional pertambangan, serta tata kelola dan etika bisnis. Kombinasi in risk management, finance, mining operations, as well as governance
latar belakang profesional dan pengalaman industri yang luas and business ethics. The combination of professional backgrounds and
mendukung efektivitas Komite dalam mengidentifikasi, mengevaluasi, extensive industry experience supports the Committee’s effectiveness
dan memberikan rekomendasi atas risiko-risiko utama Perseroan. in identifying, evaluating, and providing recommendations on the
Company’s key risks.
Jumlah Rapat Dan Kehadiran Number Of Meetings And Attendance
Sepanjang tahun 2025, Komite telah menyelenggarakan 4 (empat) kali Throughout 2025, the Committee held 4 (four) meetings with majority
rapat dengan tingkat kehadiran mayoritas anggota. Rapat dilaksanakan attendance. The meetings were conducted periodically to discuss
secara berkala untuk membahas perkembangan profil risiko serta isu developments in the Company’s risk profile as well as compliance and
kepatuhan dan etika. ethical issues.
Capaian Kinerja Komite Tahun 2025 Committee Performance Achievements In 2025
Sepanjang tahun 2025, Komite Etik & Risiko telah menjalankan fungsi Throughout 2025, the Ethics & Risk Committee effectively carried
dan tanggung jawabnya secara efektif sesuai dengan Piagam Komite, out its duties and responsibilities in accordance with its Charter,
antara lain melalui pemberian masukan atas kecukupan proses including providing input on the adequacy of risk management
manajemen risiko, evaluasi terhadap pengendalian dan rencana processes, evaluating existing controls and risk mitigation plans, and
mitigasi risiko, serta rekomendasi kepada Direksi terkait prioritas recommending risk handling priorities to the Board of Directors. In
penanganan risiko. Selain itu, Komite juga melakukan pengawasan addition, the Committee oversaw the implementation of training
terhadap pelaksanaan program pelatihan dan sosialisasi terkait etika and socialization programs related to ethics and compliance, thereby
dan kepatuhan, guna memperkuat budaya integritas di lingkungan strengthening the culture of integrity within the Company.
Perseroan.
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Tata Kelola Perusahaan
Corporate Governance
DEWAN KOMISARIS
BOARD OF COMMISSIONERS
Dewan Komisaris merupakan organ Perseroan yang bertugas The Board of Commissioners is the Company’s governing body tasked
melakukan pengawasan secara umum dan/atau khusus sesuai dengan with carrying out general and/or specific supervision in accordance
Anggaran Dasar serta memberikan nasihat kepada Direksi dalam with the Articles of Association, as well as providing advice to the Board
menjalankan pengurusan Perseroan. Dalam menjalankan fungsi of Directors in managing the Company. In exercising its supervisory
pengawasannya, Dewan Komisaris memastikan bahwa kebijakan dan function, the Board of Commissioners ensures that the Company’s
pelaksanaan pengelolaan Perseroan dilakukan sesuai dengan prinsip policies and management practices are conducted in accordance with
GCG, serta mengawasi efektivitas sistem pengendalian internal dan the GCG principles, and oversees the effectiveness of internal control
manajemen risiko. systems and risk management.
Berdasarkan UU 40/2007 dan POJK No. 33/POJK.04/2014, Dewan Pursuant to Law 40/2007 and OJK Regulation No. 33/POJK.04/2014, the
Komisaris wajib melaksanakan tugasnya dengan itikad baik, penuh Board of Commissioners is required to perform its duties in good faith,
tanggung jawab, dan kehati-hatian, serta secara independen dalam with full responsibility and prudence, and independently, to ensure that
memastikan bahwa Direksi telah menjalankan pengelolaan Perseroan the Board of Directors has managed the Company in accordance with
sesuai dengan kepentingan Perseroan, pemegang saham, dan the interests of the Company, its shareholders, and other stakeholders.
pemangku kepentingan lainnya.
KOMPOSISI DEWAN KOMISARIS COMPOSITION OF THE BOARD OF COMMISSIONERS
Komposisi Dewan Komisaris Perseroan per 31 Desember 2025 adalah The composition of the Company’s Board of Commissioners as of
sebagai berikut: December 31, 2025 is as follows:
Nama Jabatan Dasar Pengangkatan Terakhir Periode Menjabat
Name Position Basis of Recent Appointment Term of Office
Donald J. Hermanus Komisaris Utama
President Commissioner
Akta No. 145 tanggal 15 Desember 2022 2022 hingga ditutupnya RUPST 2027
Deed No. 145 dated December 15, 2022 2022 until the closing of the 2027 AGMS
Darjoto Setyawan Komisaris Independen
Independent Commissioner
Suryadi Sasmita Komisaris Independen Akta No. 404 tanggal 21 Januari 2023 2023 hingga ditutupnya RUPST 2028
Independent Commissioner Deed No. 404 dated January 21, 2023 2023 until the closing of the 2028 AGMS
KOMISARIS INDEPENDEN DAN INDEPENDENSI INDEPENDENT COMMISSIONERS AND INDEPENDENCE
Jumlah anggota Dewan Komisaris Perseroan sebanyak 3 (tiga) orang, The Company’s Board of Commissioners consists of 3 (three) members,
dengan 2 (dua) di antaranya merupakan Komisaris Independen. of whom 2 (two) serve as Independent Commissioners. This composition
Komposisi tersebut telah memenuhi ketentuan Peraturan OJK No. complies with OJK Regulation No. 33/POJK.04/2014 on the Board of
33/POJK.04/2014 tentang Direksi dan Dewan Komisaris Emiten atau Directors and Board of Commissioners of Issuers or Public Companies,
Perusahaan Publik, yang mensyaratkan bahwa jumlah Komisaris which requires that Independent Commissioners constitute at least
Independen paling sedikit 30% dari total anggota Dewan Komisaris. 30% of the total members of the Board of Commissioners.
Perseroan memastikan bahwa Komisaris Independen, yaitu Bapak The Company ensures that the Independent Commissioners, namely
Darjoto Setyawan dan Bapak Suryadi Sasmita, telah memenuhi Mr. Darjoto Setyawan and Mr. Suryadi Sasmita, have fulfilled all
seluruh persyaratan independensi sebagaimana diatur dalam independence criteria as stipulated under applicable laws and
peraturan perundang-undangan yang berlaku. Komisaris Independen regulations. The Independent Commissioners do not have any prior
tersebut tidak memiliki hubungan kerja dalam jangka waktu tertentu employment relationship within the prescribed period, do not hold
sebelumnya, tidak memiliki kepemilikan saham baik secara langsung shares either directly or indirectly, and do not have any affiliation or
maupun tidak langsung, serta tidak memiliki hubungan afiliasi maupun business relationships with the Company, other members of the Board
hubungan usaha dengan Perseroan, anggota Dewan Komisaris lainnya, of Commissioners, the Board of Directors, or the Company’s Major or
Direksi, maupun Pemegang Saham Utama atau Pengendali Perseroan Controlling Shareholders that may affect their independence in carrying
yang dapat memengaruhi independensi dalam menjalankan tugas dan out their duties and responsibilities.
tanggung jawabnya.
MASA JABATAN TERM OF OFFICE
Masa jabatan anggota Dewan Komisaris ditetapkan sesuai dengan The term of office of the members of the Board of Commissioners is
ketentuan dalam Anggaran Dasar Perseroan dan Board Manual. determined in accordance with the provisions set out in the Company’s
Anggota Dewan Komisaris diangkat dan diberhentikan oleh RUPS Articles of Association and the Board Manual. Members of the Board of
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dengan memperhatikan ketentuan mengenai kuorum, hak suara, dan Commissioners are appointed and dismissed by the General Meeting of
keputusan RUPS serta peraturan perundang-undangan yang berlaku. Shareholders (GMS), with due consideration to the quorum, voting rights,
and resolutions of the GMS, as well as the prevailing laws and regulations.
Setiap anggota Dewan Komisaris diangkat untuk jangka waktu sejak Each member of the Board of Commissioners is appointed for a term
tanggal yang ditetapkan dalam RUPS yang mengangkatnya dan berakhir commencing from the date determined by the GMS that appoints them
pada penutupan RUPS Tahunan kelima sejak tanggal pengangkatan, and ending at the closing of the fifth Annual GMS following the date of
yang mencerminkan satu periode masa jabatan selama 5 (lima) tahun. appointment, representing one term of office of 5 (five) years.
Dengan tetap memperhatikan ketentuan peraturan perundang- Subject to the applicable laws and regulations in the capital market
undangan di bidang pasar modal, RUPS memiliki kewenangan untuk sector, the GMS has the authority to dismiss members of the Board of
memberhentikan anggota Dewan Komisaris sewaktu-waktu sebelum Commissioners at any time prior to the expiration of their respective
berakhirnya masa jabatan yang bersangkutan. terms of office.
RINGKASAN TUGAS, WEWENANG, DAN KEWAJIBAN DEWAN SUMMARY OF DUTIES, AUTHORITIES, AND
KOMISARIS RESPONSIBILITIES OF THE BOARD OF COMMISSIONERS
Dewan Komisaris menjalankan fungsi pengawasan secara independen The Board of Commissioners carries out an independent supervisory
terhadap kebijakan pengurusan dan jalannya pengelolaan Perseroan, function over the management policies and the overall management of
serta memberikan nasihat kepada Direksi dalam rangka memastikan the Company, and provides advice to the Board of Directors to ensure
pengelolaan Perseroan berjalan sesuai dengan prinsip tata kelola yang that the Company is managed in accordance with the principles of good
baik. corporate governance.
Dalam melaksanakan fungsi tersebut, Dewan Komisaris didukung In performing this function, the Board of Commissioners is supported
oleh Komite Audit yang dibentuk untuk meningkatkan efektivitas by the Audit Committee that established to enhance the effectiveness
pelaksanaan fungsi pengawasan. of its supervisory role.
Dewan Komisaris juga memiliki peran penting dalam memastikan The Board of Commissioners also plays a key role in ensuring the quality
kualitas dan kepatuhan laporan Perseroan, antara lain melalui and compliance of the Company’s reports, including by reviewing the
penelaahan atas Laporan Tahunan yang disusun oleh Direksi serta Annual Report prepared by the Board of Directors and ensuring its
memastikan kesesuaiannya dengan ketentuan peraturan pasar modal conformity with the prevailing capital market regulations.
yang berlaku.
Selain itu, Dewan Komisaris secara berkala memantau efektivitas In addition, the Board of Commissioners periodically monitors the
sistem pengendalian internal, serta memastikan bahwa fungsi audit effectiveness of the internal control system and ensures that the
internal, auditor eksternal, dan komite-komite pendukung memiliki internal audit function, external auditors, and supporting committees
akses yang memadai terhadap data dan informasi yang diperlukan have adequate access to the data and information required to perform
dalam menjalankan tugasnya. their duties.
Dalam menjalankan kewenangannya, Dewan Komisaris bertindak In exercising its authority, the Board of Commissioners acts collectively
secara kolegial berdasarkan keputusan Dewan. Dewan Komisaris based on Board resolutions. The Board has the right to obtain full
memiliki hak untuk memperoleh akses penuh terhadap seluruh access to all information of the Company, including entering the
informasi Perseroan, termasuk memasuki fasilitas Perseroan, Company’s premises, examining documents and records, and obtaining
memeriksa dokumen dan catatan, serta memperoleh penjelasan atas explanations on all actions undertaken by the Board of Directors.
seluruh tindakan yang dilakukan Direksi.
Pelaksanaan tugas Dewan Komisaris dilakukan dengan itikad baik, The Board of Commissioners performs its duties in good faith, with
kehati-hatian, dan penuh tanggung jawab sesuai dengan prinsip Tata prudence and full responsibility, in accordance with the principles of
Kelola Perusahaan yang Baik, serta senantiasa menjaga kerahasiaan Good Corporate Governance, while maintaining the confidentiality of
informasi Perseroan dalam rangka melindungi kepentingan Perseroan the Company’s information to safeguard the interests of the Company
dan pemangku kepentingan. and its stakeholders.
Tugas, wewenang dan kewajiban Dewan Komisaris lebih rinci tertuang dalam
Board Manual yang dapat dilihat pada situs web Perseroan.
Further details regarding the duties, authorities, and responsibilities of the Board of Commissioners are
stipulated in the Board Manual, which is available on the Company’s website
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Tata Kelola Perusahaan
Corporate Governance
PERAN KOMISARIS UTAMA ROLE OF THE PRESIDENT COMMISSIONER
Ketentuan peraturan perundang-undangan yang berlaku, termasuk UU The prevailing laws and regulations, including Law 40/2007 and
40/2007 dan Peraturan OJK terkait, tidak secara khusus membedakan relevant OJK regulations, do not specifically differentiate the duties
tugas dan tanggung jawab Komisaris Utama dengan anggota Dewan and responsibilities of the President Commissioner from those of other
Komisaris lainnya. Seluruh anggota Dewan Komisaris menjalankan members of the Board of Commissioners. All members of the Board
fungsi pengawasan dan pemberian nasihat kepada Direksi secara of Commissioners carry out supervisory and advisory functions to
kolegial sesuai dengan GCG. the Board of Directors on a collegial basis in accordance with the GCG
principles.
Sejalan dengan ketentuan tersebut, Perseroan tidak membagi tugas In line with these provisions, the Company does not assign specific
secara spesifik di antara anggota Dewan Komisaris. Seluruh anggota duties among members of the Board of Commissioners. All members
Dewan Komisaris memiliki tugas dan tanggung jawab yang sama dalam of the Board of Commissioners share equal duties and responsibilities
melakukan pengawasan terhadap kebijakan pengurusan dan jalannya in overseeing the management policies and the overall management of
pengelolaan Perseroan, serta dalam memberikan nasihat kepada the Company, as well as in providing advice to the Board of Directors.
Direksi.
Meskipun demikian, dalam rangka mendukung efektivitas pelaksanaan Nevertheless, to support the effective functioning of the Board of
fungsi Dewan Komisaris, Komisaris Utama berperan dalam memimpin Commissioners, the President Commissioner plays a role in leading
rapat Dewan Komisaris serta mengoordinasikan pelaksanaan fungsi meetings of the Board of Commissioners and coordinating the overall
pengawasan secara keseluruhan. Selain itu, Komisaris Utama juga implementation of the supervisory function. In addition, the President
ditunjuk sebagai pimpinan RUPS sesuai dengan ketentuan Anggaran Commissioner is also designated as the chair of the GMS in accordance
Dasar Perseroan. with the Company’s Articles of Association.
Dengan peran tersebut, Komisaris Utama berfungsi sebagai koordinator Through this role, the President Commissioner acts as a coordinator
dalam memastikan bahwa pelaksanaan tugas Dewan Komisaris to ensure that the Board of Commissioners’ duties are carried out
berjalan secara efektif, tanpa mengurangi prinsip kolegialitas dan effectively, without diminishing the principles of collegiality and equal
kesetaraan tanggung jawab di antara seluruh anggota Dewan Komisaris. responsibility among all members of the Board of Commissioners.
KEPUTUSAN DIREKSI YANG MEMERLUKAN PERSETUJUAN BOARD OF DIRECTORS’ DECISIONS REQUIRING APPROVAL
DEWAN KOMISARIS FROM THE BOARD OF COMMISSIONERS
Dalam rangka memastikan penerapan prinsip kehati-hatian, To ensure the application of prudence, accountability, and effective
akuntabilitas, serta pengawasan yang efektif, Perseroan menetapkan oversight, the Company stipulates that certain strategic and material
bahwa tindakan-tindakan tertentu yang bersifat strategis dan material actions undertaken by the Board of Directors must obtain prior approval
oleh Direksi harus terlebih dahulu memperoleh persetujuan dari Dewan from the Board of Commissioners. This requirement reflects the check-
Komisaris. Ketentuan ini sejalan dengan prinsip check and balance and-balance principle in corporate governance and is governed by the
dalam tata kelola perusahaan serta diatur dalam Anggaran Dasar dan Company’s Articles of Association and Board Manual.
Board Manual Perseroan.
Mengacu pada Board Manual, Direksi wajib memperoleh persetujuan Referring to the Board Manual, the Board of Directors is required to
tertulis dari Dewan Komisaris sebelum melakukan tindakan tertentu, obtain prior written approval from the Board of Commissioners before
antara lain yang berkaitan dengan transaksi keuangan, pengelolaan undertaking certain actions, particularly those related to financial
aset, serta aksi korporasi yang berpotensi menimbulkan risiko transactions, asset management, and corporate actions that may have
signifikan bagi Perseroan. Pembatasan wewenang tersebut mencakup, a significant impact on the Company. Such limitations of authority
antara lain, tindakan meminjam atau meminjamkan dana atas nama include, among others, borrowing or lending funds on behalf of the
Perseroan, mengikat Perseroan sebagai penjamin, mendirikan suatu Company, binding the Company as a guarantor, establishing a new
usaha atau melakukan penyertaan modal pada perusahaan lain, business or making equity investments in other companies, as well as
serta memperoleh, membebani, atau memindahtangankan aset tidak acquiring, encumbering, or disposing of the Company’s immovable
bergerak milik Perseroan. Selain itu, Direksi juga wajib memperoleh assets. In addition, the Board of Directors must also obtain approval
persetujuan Dewan Komisaris dalam hal pembukaan kantor cabang from the Board of Commissioners for the establishment of branch or
atau perwakilan serta tindakan lain yang berdampak signifikan representative offices and other actions that may materially affect the
terhadap struktur usaha Perseroan. Company’s business structure.
Sejalan dengan ketentuan tersebut, Perseroan menetapkan bahwa In line with these provisions, the Company has identified several
keputusan Direksi yang memerlukan persetujuan Dewan Komisaris decisions of the Board of Directors that require approval from the Board
antara lain meliputi: (i) tindakan meminjam atau meminjamkan uang of Commissioners, including: (i) borrowing or lending funds on behalf
atas nama Perseroan yang nilainya melebihi batasan tertentu yang of the Company exceeding thresholds as determined by the Board
ditetapkan oleh Dewan Komisaris dari waktu ke waktu; (ii) pendirian of Commissioners from time to time; (ii) establishing new business
usaha baru atau penyertaan modal pada perusahaan lain, baik di ventures or making equity investments in other companies, whether
dalam maupun di luar negeri; serta (iii) pengikatan Perseroan sebagai domestically or abroad; and (iii) binding the Company as a guarantor
penjamin untuk kepentingan pihak lain atau badan hukum lain. for the benefit of other parties or legal entities.
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BOARD MANUAL BOARD MANUAL
Perseroan telah menetapkan Board Manual sebagai pedoman tata kerja The Company has established a Board Manual as a working guideline
bagi Dewan Komisaris dan Direksi dalam menjalankan fungsi, tugas, for the Board of Commissioners and the Board of Directors in carrying
dan tanggung jawabnya. Uraian mengenai Board Manual, termasuk out their functions, duties, and responsibilities. Further details
ruang lingkup pengaturan dan implementasinya, telah disajikan pada regarding the Board Manual, including its scope and implementation,
bagian Direksi dalam Laporan Tahunan ini. are presented in the Board of Directors section of this Annual Report.
KEBERAGAMAN KOMPOSISI DEWAN KOMISARIS DIVERSITY OF THE BOARD OF COMMISSIONERS
COMPOSITION
Penjelasan mengenai keberagaman komposisi Dewan Komisaris The explanation regarding the diversity of the Board of Commissioners’
disajikan secara terintegrasi bersama Direksi pada bagian Keberagaman composition is presented in an integrated manner with the Board
Komposisi Direksi dan Dewan Komisaris dalam subbab Direksi pada of Directors under the Diversity of the Board of Directors and Board
Laporan Tahunan ini. of Commissioners Composition section in the Board of Directors
subsection of this Annual Report.
RANGKAP JABATAN CONCURRENT POSITIONS
Perseroan memperkenankan anggota Dewan Komisaris untuk memiliki The Company allows members of the Board of Commissioners to hold
rangkap jabatan sepanjang tidak bertentangan dengan peraturan concurrent positions, provided that such positions do not conflict
perundang-undangan yang berlaku, khususnya Peraturan OJK No. with prevailing laws and regulations, particularly OJK Regulation
33/POJK.04/2014 tentang Direksi dan Dewan Komisaris Emiten atau No. 33/POJK.04/2014 concerning the Board of Directors and Board of
Perusahaan Publik, dengan ketentuan sebagai berikut: Commissioners of Issuers or Public Companies, with the following
provisions:
1. Anggota Dewan Komisaris dapat merangkap jabatan sebagai 1. Members of the Board of Commissioners may concurrently serve
anggota Direksi paling banyak pada 2 (dua) Emiten atau Perusahaan as members of the Board of Directors in no more than 2 (two) other
Publik lain; Issuers or Public Companies;
2. Anggota Dewan Komisaris dapat merangkap jabatan sebagai 2. Members of the Board of Commissioners may concurrently serve as
anggota Dewan Komisaris paling banyak pada 2 (dua) Emiten atau members of the Board of Commissioners in no more than 2 (two)
Perusahaan Publik lain; other Issuers or Public Companies;
3. Apabila anggota Dewan Komisaris tidak merangkap jabatan sebagai 3. If the member of the Board of Commissioners do not concurrently
anggota Direksi, anggota Dewan Komisaris yang bersangkutan serve members of the Board of Directors, the members of the Board
dapat merangkap jabatan sebagai anggota Dewan Komisaris paling of Commissioners concerned can serve as members of Board of
banyak pada 4 (empat) Emiten atau Perusahaan Publik lain; dan Commissioners only at 4 (four) other Issuers of Public Companies;
and
4. Anggota Dewan Komisaris dapat merangkap sebagai anggota 4. Members of the Board of Commissioners may concurrently serve as
komite pada paling banyak 5 (lima) komite di Emiten atau members of committees in no more than 5 (five) committees within
Perusahaan Publik tempat yang bersangkutan juga menjabat Issuers or Public Companies where they also serve as members of
sebagai anggota Direksi atau Dewan Komisaris. the Board of Directors or the Board of Commissioners.
Khusus bagi Komisaris Independen, rangkap jabatan dilakukan dengan Specifically for Independent Commissioners, any concurrent
tetap memperhatikan ketentuan independensi sebagaimana diatur positions are carried out with due consideration to the independence
dalam peraturan perundang-undangan yang berlaku, termasuk tidak requirements as stipulated under applicable laws and regulations,
memiliki hubungan afiliasi, kepemilikan saham, maupun hubungan including the absence of any affiliation, share ownership, or business
usaha yang dapat memengaruhi independensi dalam menjalankan relationships that may affect their independence in performing their
fungsi pengawasan. supervisory functions.
Informasi mengenai rangkap jabatan masing-masing anggota Dewan Komisaris
disajikan pada bagian Profil Perusahaan dalam Laporan Tahunan ini.
Information regarding the concurrent positions of each member of the Board of Commissioners is
presented in the Company Profile section of this Annual Report.
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Tata Kelola Perusahaan
Corporate Governance
RAPAT DEWAN KOMISARIS BOARD OF COMMISSIONERS MEETINGS
Kebijakan Rapat Dewan Komisaris Board of Commissioners Meeting Policy
Dewan Komisaris menyelenggarakan rapat secara berkala sebagai The Board of Commissioners convenes meetings on a regular basis as
bagian dari pelaksanaan fungsi pengawasan dan pemberian nasihat part of the execution of its supervisory and advisory functions to the
kepada Direksi. Rapat Dewan Komisaris merupakan forum utama Board of Directors. These meetings serve as the primary forum for
bagi Dewan Komisaris untuk membahas kinerja Perseroan, efektivitas the Board of Commissioners to discuss the Company’s performance,
pengelolaan oleh Direksi, kondisi keuangan, manajemen risiko, the effectiveness of management by the Board of Directors, financial
kepatuhan, serta isu-isu strategis lainnya guna memastikan bahwa condition, risk management, compliance, and other strategic matters
kegiatan usaha Perseroan berjalan sesuai dengan prinsip GCG. to ensure that the Company’s business activities are conducted in
accordance with GCG principles.
Rapat Dewan Komisaris diselenggarakan secara rutin dengan frekuensi Board of Commissioners meetings are held regularly with adequate
yang memadai, serta dapat dilaksanakan sewaktu-waktu apabila frequency and may also be convened at any time when necessary. Each
diperlukan. Setiap rapat dipimpin oleh Komisaris Utama atau anggota meeting is chaired by the President Commissioner or a designated
Dewan Komisaris yang ditunjuk, dan dihadiri oleh seluruh anggota member of the Board of Commissioners and attended by all members.
Dewan Komisaris. Dalam pelaksanaannya, Dewan Komisaris dapat In carrying out its meetings, the Board of Commissioners may invite
mengundang Direksi, Komite Audit, maupun pihak internal dan the Board of Directors, Audit Committee, as well as relevant internal
eksternal lainnya yang relevan untuk memberikan penjelasan atau and external parties to provide explanations or input on the matters
masukan atas agenda yang dibahas. discussed.
Pengambilan keputusan dalam rapat Dewan Komisaris dilakukan Decisions in Board of Commissioners meetings are made based on
berdasarkan musyawarah untuk mufakat. Dalam hal tidak tercapai deliberation to reach consensus. In the event that consensus cannot
mufakat, keputusan diambil melalui mekanisme pemungutan suara be achieved, decisions are made through a voting mechanism in
sesuai dengan ketentuan yang berlaku. Setiap rapat Dewan Komisaris accordance with applicable provisions. Each meeting is documented in
dituangkan dalam risalah rapat yang memuat hasil pembahasan dan minutes of meeting, which record the discussions and resolutions made,
keputusan yang diambil, serta didokumentasikan secara tertib sebagai and are properly maintained as part of the Board of Commissioners’
bagian dari pelaksanaan fungsi pengawasan Dewan Komisaris. supervisory function.
Pelaksanaan Rapat Dewan Komisaris Implementation of Board of Commissioners Meetings
Sepanjang tahun 2025, Dewan Komisaris menyelenggarakan 6 (enam) Throughout 2025, the Board of Commissioners held 6 (six) internal
kali rapat internal Dewan Komisaris serta 4 (empat) kali rapat gabungan Board of Commissioners meetings and 4 (four) joint meetings with
dengan Direksi. Rapat-rapat tersebut menjadi sarana utama bagi the Board of Directors. These meetings served as the primary platform
Dewan Komisaris dalam menjalankan fungsi pengawasan, evaluasi for the Board of Commissioners to carry out its supervisory function,
kinerja, serta pemberian arahan kepada Direksi. evaluate performance, and provide direction to the Board of Directors.
Dalam rapat internal Dewan Komisaris, agenda pembahasan mencakup In internal Board of Commissioners meetings, the agenda included
antara lain pemantauan kinerja keuangan dan operasional Perseroan periodic monitoring of the Company’s and its Subsidiaries’ financial
dan Entitas Anak secara berkala, pembahasan kebijakan remunerasi and operational performance, discussions on remuneration policies for
Dewan Komisaris dan Direksi sesuai keputusan RUPS, serta penyusunan the Board of Commissioners and the Board of Directors in accordance
laporan pertanggungjawaban Dewan Komisaris yang akan disampaikan with GMS resolutions, as well as the preparation of the Board of
kepada RUPS. Selain itu, Dewan Komisaris juga membahas laporan Commissioners’ accountability report to be presented at the GMS. In
kegiatan Komite Audit, menelaah rekomendasi Komite Audit atas addition, the Board of Commissioners reviewed the Audit Committee’s
usulan Direksi yang memerlukan persetujuan Dewan Komisaris, serta activity reports, assessed the Audit Committee’s recommendations
berbagai hal lain yang berkaitan dengan pelaksanaan fungsi nominasi on proposals submitted by the Board of Directors requiring approval
dan remunerasi. Agenda rapat juga mencakup isu-isu lain yang relevan from the Board of Commissioners, and discussed matters related to
sesuai kebutuhan atau usulan anggota Dewan Komisaris. the nomination and remuneration function. The meeting agenda also
covered other relevant issues as needed or as proposed by members of
the Board of Commissioners.
Adapun agenda rapat gabungan antara Dewan Komisaris dan Direksi The agenda of joint meetings between the Board of Commissioners
telah diuraikan pada bagian Direksi dalam subbab Pelaksanaan Rapat and the Board of Directors has been described in the Board of Directors
Direksi dan Rapat Gabungan Direksi dan Dewan Komisaris Tahun 2025. section under the subsection Implementation of Board of Directors
Meetings and Joint Meetings of the Board of Directors and Board of
Commissioners in 2025.
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Kehadiran Anggota Dewan Komisaris dalam Rapat Dewan Komisaris
Attendance of the Board of Commissioners in the Board of Commissioners Meetings
Jumlah Rapat
Nama Jabatan Jumlah Kehadiran % Alasan Ketidakhadiran
Number of
Name Position Total Attendance Reason of Absence
Meeting
Donald J. Hermanus Komisaris Utama 6 5 83 Perjalanan Dinas
President Commissioner Business Trip
Darjoto Setyawan Komisaris Independen 6 6 100 -
Independent Commissioner
Suryadi Sasmita Komisaris Independen 6 6 100 -
Independent Commissioner
Rata-rata Kehadiran (%) | Average Attendance Rate (%) 94
Kehadiran Anggota Dewan Komisaris dalam Rapat Gabungan Direksi dan Dewan Komisaris
Attendance of the Board of Commissioners in Joint Meetings of the Board of Directors and Board of Commissioners
Jumlah Rapat
Nama Jabatan Jumlah Kehadiran % Alasan Ketidakhadiran
Number of
Name Position Total Attendance Reason of Absence
Meeting
Donald J. Hermanus Komisaris Utama 4 3 75 Perjalanan Dinas
President Commissioner Business Trip
Darjoto Setyawan Komisaris Independen 4 4 100 -
Independent Commissioner
Suryadi Sasmita Komisaris Independen 4 4 100 -
Independent Commissioner
Rata-rata Kehadiran (%) | Average Attendance Rate (%) 92
Kehadiran Anggota Dewan Komisaris dalam RUPS Tahun 2025 Attendance of Members of the Board of Commissioners in 2025
GMS
Informasi kehadiran anggota Dewan Komisaris dalam RUPS tahun 2025 Information regarding the attendance of members of the Board of
disajikan di bagian “Rapat Umum Pemegang Saham”. Commissioners at GMS in 2025 is presented in the “General Meeting of
Shareholders” section.
PENGEMBANGAN KOMPETENSI COMPETENCE DEVELOPMENT
Kebijakan Pengembangan Kompetensi Dewan Komisaris Policy on Competency Development of the Board of Commissioners
Perseroan memastikan bahwa Dewan Komisaris senantiasa The Company also ensures that the Board of Commissioners
meningkatkan kompetensinya dalam menjalankan fungsi pengawasan continuously enhances its competencies in performing its supervisory
dan pemberian nasihat kepada Direksi. Sejalan dengan prinsip GCG, and advisory functions to the Board of Directors. In line with GCG,
Dewan Komisaris didorong untuk mengikuti program pengembangan members of the Board of Commissioners are encouraged to participate
kompetensi yang relevan guna memperkuat pemahaman atas peran in relevant competency development programs to strengthen their
pengawasan, manajemen risiko, kepatuhan, serta perkembangan understanding of oversight functions, risk management, compliance,
industri dan regulasi. as well as industry and regulatory developments.
Mengacu pada POJK No. 21/POJK.04/2015 dan SEOJK No. 32/ Referring to OJK Regulation No. 21/POJK.04/2015 and OJK Circular
SEOJK.04/2015, Perseroan memfasilitasi pelaksanaan program Letter No. 32/SEOJK.04/2015, the Company facilitates competency
pengembangan kompetensi bagi Dewan Komisaris melalui berbagai development programs for the Board of Commissioners through
kegiatan seperti pelatihan, seminar, dan workshop. Program tersebut various activities such as training, seminars, and workshops. These
dirancang untuk mendukung efektivitas fungsi pengawasan Dewan programs are designed to support the effectiveness of the Board of
Komisaris, serta didokumentasikan, dimonitor, dan dievaluasi secara Commissioners’ oversight function and are documented, monitored,
berkala sebagai bagian dari penerapan tata kelola yang transparan dan and periodically evaluated as part of the implementation of transparent
akuntabel. and accountable governance.
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Tata Kelola Perusahaan
Corporate Governance
Program Pengembangan Kompetensi yang Diikuti Dewan Komisaris pada Tahun 2025
Competency Development Programs Attended by the Board of Commissioners in 2025
Program Tempat, Tanggal Peran Penyelenggara
Program Place, Date Role Organizer
Indonesia Insurance Summit 2025 - Reimagining the Future of Insurance: Bali Peserta Dewan Asuransi Indonesia
Innovation for Sustainable Future 21-24 Mei | May 21-24 Participant (DAI) dan asosiasi anggota
The Indonesian Insurance
Council (DAI) and its
member associations
Program Orientasi bagi Komisaris Baru Orientation Program for Newly Appointed Commissioners
Setiap anggota Dewan Komisaris yang baru diangkat diwajibkan Newly appointed members of the Board of Commissioners are required
mengikuti program orientasi untuk memahami tugas dan tanggung to participate in an orientation program to gain an understanding of
jawabnya, fungsi pengawasan, proses bisnis Perseroan, arah dan their duties and responsibilities, supervisory functions, the Company’s
rencana strategis, serta membangun keselarasan kerja dengan Direksi business processes, strategic direction, and to ensure alignment with
dan organ Perseroan lainnya. Program orientasi dapat dilaksanakan the Board of Directors and other governing bodies. The orientation
dalam berbagai bentuk, antara lain presentasi, pertemuan, kunjungan program may be conducted through presentations, meetings, site visits
ke Entitas Anak, atau metode lain yang relevan sesuai kebutuhan. to Subsidiaries, or other relevant methods as required.
Pada tahun 2025, Perseroan tidak menyelenggarakan program orientasi In 2025, the Company did not conduct an orientation program for
bagi anggota Dewan Komisaris, mengingat tidak terdapat perubahan members of the Board of Commissioners, as there were no changes or
atau penambahan dalam komposisi Dewan Komisaris. additions to the composition of the Board of Commissioners.
PENILAIAN DIREKSI DAN DEWAN KOMISARIS
PERFORMANCE ASSESSMENT OF THE BOARD OF DIRECTORS AND
BOARD OF COMMISSIONERS
Perseroan menerapkan mekanisme penilaian kinerja Direksi The Company implements a performance assessment mechanism
dan Dewan Komisaris sebagai bagian dari penerapan GCG, guna for the Board of Directors and the Board of Commissioners as part of
memastikan akuntabilitas, transparansi, serta peningkatan kinerja its commitment to GCG, to ensure accountability, transparency, and
secara berkelanjutan. Penilaian dilakukan secara objektif dan continuous performance improvement. The assessment is conducted
terstruktur dengan mengacu pada indikator kinerja, pelaksanaan in an objective and structured manner, taking into account performance
tugas dan tanggung jawab, serta pencapaian kinerja Perseroan secara indicators, the execution of duties and responsibilities, as well as the
keseluruhan. overall performance of the Company.
Perseroan tidak menggunakan kontrak manajemen dalam penilaian The Company does not apply management contracts in assessing the
kinerja Direksi maupun Dewan Komisaris. Penilaian kinerja dilakukan performance of the Board of Directors or the Board of Commissioners.
berdasarkan mekanisme internal yang mengacu pada ketentuan Performance assessments are conducted based on internal
Anggaran Dasar, kebijakan internal, serta peraturan perundang- mechanisms in accordance with the Company’s Articles of Association,
undangan yang berlaku. internal policies, and applicable laws and regulations.
DIREKSI BOARD OF DIRECTORS
Prosedur Penilaian Kinerja Performance Assessment Procedure
Pada awal tahun buku, Direksi menyusun target Indikator Kinerja Utama At the beginning of each financial year, the Board of Directors formulates
(Key Performance Indicators/KPI) yang selanjutnya mendapatkan Key Performance Indicators (KPI), which are subject to approval by the
persetujuan dari Dewan Komisaris dan Pemegang Saham Pengendali. Board of Commissioners and the Controlling Shareholder. At the end
Pada akhir tahun buku, Direksi melakukan self-assessment atas of the financial year, the Board of Directors conducts a self-assessment
pencapaian KPI dan melaporkannya kepada Dewan Komisaris. on the achievement of the KPIs and reports the results to the Board of
Commissioners.
Hasil penilaian kinerja Direksi kemudian disampaikan kepada The results of the Board of Directors’ performance assessment are
Pemegang Saham dalam RUPST melalui Laporan Pelaksanaan Tugas then presented to the Shareholders at the AGMS through the Board
Direksi yang tercantum dalam Laporan Tahunan. Persetujuan RUPS of Directors’ Report as disclosed in the Annual Report. Approval of
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atas laporan tersebut menjadi dasar pemberian pembebasan dan the report by the AGMS serves as the basis for granting full release
pelunasan tanggung jawab (acquit et de charge) kepada Direksi atas and discharge (acquit et de charge) to the Board of Directors for the
pelaksanaan tugasnya sepanjang tahun buku yang bersangkutan. performance of their duties during the relevant financial year.
Kriteria Penilaian Assessment Criteria
Penilaian kinerja Direksi dilakukan dengan mempertimbangkan The performance of the Board of Directors is assessed based on several
beberapa parameter utama, antara lain: key parameters, including:
• Kesesuaian pelaksanaan tugas dan tanggung jawab dengan • The implementation of duties and responsibilities in accordance
Anggaran Dasar dan peraturan perundang-undangan; with the Articles of Association and applicable laws and regulations;
• Pencapaian KPI Direksi; • Achievement of the Board of Directors’ KPIs;
• Pencapaian kinerja Perseroan pada tahun buku berjalan; dan • The Company’s performance during the financial year; and
• Kualitas pengelolaan Perseroan secara keseluruhan. • The overall quality of the Company’s management.
Pihak Penilai Assessing Parties
Penilaian kinerja Direksi dilakukan oleh Dewan Komisaris, serta oleh The performance of the Board of Directors is assessed by the Board of
Pemegang Saham melalui forum RUPST. Commissioners and by the Shareholders through the AGMS.
DEWAN KOMISARIS BOARD OF COMMISSIONERS
Prosedur Penilaian Kinerja Performance Assessment Procedure
Penilaian kinerja Dewan Komisaris dilakukan setiap tahun melalui The performance of the Board of Commissioners is assessed annually
mekanisme self-assessment secara kolegial, sebagaimana diatur dalam through a collegial self-assessment mechanism, as stipulated in the
Board Manual Perseroan. Penilaian ini dilakukan oleh masing-masing Company’s Board Manual. This assessment is conducted by each
anggota Dewan Komisaris untuk menilai efektivitas pelaksanaan fungsi member of the Board of Commissioners to evaluate the effectiveness
pengawasan secara kolektif, bukan untuk menilai kinerja individual of the supervisory function collectively, rather than assessing individual
masing-masing anggota. performance.
Kebijakan penilaian tersebut mencakup tujuan penilaian, waktu The assessment policy includes the objectives of the evaluation, its
pelaksanaan secara berkala, serta kriteria penilaian yang mengacu periodic implementation, and the criteria used, which refer to the
pada rekomendasi fungsi nominasi dan remunerasi yang saat ini recommendations of the nomination and remuneration function,
dijalankan oleh Dewan Komisaris dan disetujui oleh RUPS. Hasil currently carried out by the Board of Commissioners and approved
penilaian kinerja Dewan Komisaris disampaikan kepada RUPS sebagai by the AGMS. The results of the Board of Commissioners’ performance
bentuk akuntabilitas. assessment are reported to the AGMS as part of accountability.
Selain self-assessment, kinerja Dewan Komisaris juga dievaluasi oleh In addition to the self-assessment, the performance of the Board of
Pemegang Saham melalui RUPST berdasarkan Laporan Pelaksanaan Commissioners is also evaluated by the Shareholders at the AGMS
Tugas Pengawasan Dewan Komisaris yang disampaikan dalam Laporan based on the Board of Commissioners’ Supervisory Report as disclosed
Tahunan. Persetujuan atas laporan tersebut menjadi dasar pemberian in the Annual Report. Approval of the report serves as the basis for
pembebasan dan pelunasan tanggung jawab (acquit et de charge) granting full release and discharge (acquit et de charge) to the Board
kepada Dewan Komisaris. of Commissioners.
Kriteria Penilaian Assessment Criteria
Penilaian kinerja Dewan Komisaris dilakukan dengan The performance of the Board of Commissioners is assessed based on
mempertimbangkan beberapa parameter utama, antara lain: several key parameters, including:
• Kesesuaian pelaksanaan tugas dan tanggung jawab dengan • The implementation of duties and responsibilities in accordance
peraturan perundang-undangan dan Anggaran Dasar; with applicable laws and regulations and the Articles of Association;
• Realisasi program kerja atau rencana kerja tahunan Dewan • The realization of the Board of Commissioners’ work program or
Komisaris; annual work plan;
• Komitmen dan independensi dalam menjalankan fungsi • Commitment and independence in carrying out supervisory
pengawasan; functions;
• Efektivitas pengawasan terhadap pengelolaan Perseroan dan • The effectiveness of oversight over the Company’s management
kinerja Direksi; serta and the performance of the Board of Directors; and
• Penerapan prinsip tata kelola perusahaan yang baik. • The implementation of good corporate governance practices.
Pihak Penilai Assessing Parties
Penilaian kinerja Dewan Komisaris dilakukan oleh Pemegang Saham The performance of the Board of Commissioners is assessed by the
melalui forum RUPST. Shareholders through the AGMS.
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Tata Kelola Perusahaan
Corporate Governance
PENILAIAN KINERJA KOMITE AUDIT OLEH DEWAN
KOMISARIS
AUDIT COMMITTEE PERFORMANCE ASSESSMENT BY THE BOARD OF
COMMISSIONERS
Berdasarkan evaluasi yang dilakukan, Dewan Komisaris menyimpulkan Based on the evaluation conducted, the Board of Commissioners
bahwa Komite Audit telah melaksanakan tugas dan tanggung concluded that the Audit Committee has performed its duties and
jawabnya secara efektif sepanjang tahun 2025, sesuai dengan Piagam responsibilities effectively throughout 2025, in accordance with the
Komite Audit, arahan Dewan Komisaris, dan peraturan perundang- Audit Committee Charter, the directives of the Board of Commissioners,
undangan yang berlaku. Komite Audit telah menunjukkan efektivitas and applicable laws and regulations. The Audit Committee has
yang memadai dalam mendukung fungsi pengawasan, khususnya demonstrated adequate effectiveness in supporting the supervisory
dalam memastikan kualitas pelaporan keuangan, efektivitas sistem function, particularly in ensuring the quality of financial reporting, the
pengendalian internal, dan implementasi manajemen risiko dan effectiveness of internal control systems, and the implementation of
kepatuhan di dalam Perusahaan. risk management and compliance within the Company.
PROSEDUR PENILAIAN KINERJA PERFORMANCE ASSESSMENT PROCEDURE
Dewan Komisaris melakukan penilaian kinerja Komite Audit sekurang- The Board of Commissioners conducts an assessment of the Audit
kurangnya 1 (satu) kali dalam satu tahun sebagai bagian dari Committee’s performance at least once a year as part of its evaluation of
mekanisme evaluasi atas efektivitas pelaksanaan fungsi pengawasan. the effectiveness of the supervisory function. The assessment is carried
Penilaian dilakukan berdasarkan ketentuan dalam Piagam Komite out in accordance with the provisions set out in the Company’s Audit
Audit Perseroan melalui metode self-assessment, peer evaluation, atau Committee Charter using self-assessment, peer evaluation, or other
metode lain yang ditetapkan dalam rapat Dewan Komisaris. methods as determined in the Board of Commissioners’ meetings.
Penilaian kinerja dilakukan secara kolegial dengan membandingkan The performance assessment is conducted on a collegial basis by
realisasi pelaksanaan tugas dan tanggung jawab Komite Audit comparing the actual implementation of the Audit Committee’s duties
terhadap rencana kerja tahunan yang telah ditetapkan. Parameter and responsibilities against the established annual work plan. The
penilaian mencakup antara lain tingkat efektivitas pelaksanaan fungsi assessment parameters include, among others, the effectiveness of the
Komite Audit, tingkat kehadiran anggota dalam rapat, serta tingkat Audit Committee in performing its functions, the level of attendance
pemahaman dan kontribusi anggota dalam memberikan rekomendasi of members in meetings, as well as the level of understanding and
kepada Dewan Komisaris. Hasil evaluasi tersebut digunakan sebagai contribution of members in providing recommendations to the Board
dasar untuk peningkatan kinerja Komite Audit secara berkelanjutan. of Commissioners. The results of the evaluation serve as the basis for
continuous improvement of the Audit Committee’s performance.
KEANGGOTAAN KOMITE DAN KOMPETENSI COMMITTEE MEMBERSHIP AND COMPETENCIES
Komite Audit merupakan organ pendukung Dewan Komisaris yang The Audit Committee is a supporting organ of the Board of
terdiri dari anggota dengan latar belakang profesional yang relevan Commissioners consisting of members with relevant professional
di bidang keuangan, akuntansi, audit, hukum, dan manajemen risiko. backgrounds in finance, accounting, auditing, legal, and risk
Komite Audit diketuai oleh Komisaris Independen dan didukung oleh management. The Audit Committee is chaired by an Independent
anggota independen yang memiliki keahlian di bidang keuangan dan/ Commissioner and supported by independent members with
atau akuntansi. expertise in finance and/or accounting.
Per 31 Desember 2025, Komite Audit terdiri dari: As of December 31, 2025, the composition of the Audit Committee is as
follows:
• Ketua: Darjoto Setyawan (Komisaris Independen) • Chairman: Darjoto Setyawan (Independent Commissioner)
• Anggota: Toni Setioko • Member: Toni Setioko
• Anggota: Tsun Tien Wen Lie • Member: Tsun Tien Wen Lie
Komposisi tersebut mencerminkan kombinasi kompetensi yang This composition reflects an adequate combination of competencies,
memadai, antara lain pengalaman di bidang manajemen, akuntansi, including experience in management, accounting, auditing, taxation,
audit, perpajakan, serta tata kelola perusahaan, sehingga mendukung and corporate governance, thereby supporting the effectiveness of
efektivitas Komite Audit dalam menjalankan fungsi pengawasan the Audit Committee in overseeing the quality of financial reporting,
terhadap kualitas pelaporan keuangan, sistem pengendalian internal, internal control systems, risk management, and compliance with
manajemen risiko, serta kepatuhan terhadap peraturan perundang- applicable laws and regulations.
undangan.
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JUMLAH RAPAT, AGENDA, DAN KEHADIRAN NUMBER OF MEETINGS, AGENDA, AND ATTENDANCE
Sepanjang tahun 2025, Komite Audit menyelenggarakan 4 (empat) kali Throughout 2025, the Audit Committee held 4 (four) formal meetings,
rapat dengan tingkat kehadiran penuh dari seluruh anggota (100%). with full attendance by all members (100%).
Rapat Komite Audit dilaksanakan secara berkala dengan melibatkan Audit Committee meetings are conducted on a regular basis, involving
berbagai counterpart yang relevan, antara lain Direktur Utama, Direktur various relevant counterparts, including President Director, Director
Keuangan, Auditor Eksternal, fungsi Keuangan dan Akuntansi, serta of Finance, External Auditors, the Finance and Accounting function,
Departemen Audit Internal. Agenda rapat mencakup pembahasan and the Internal Audit Department. The meeting agenda includes
laporan keuangan, evaluasi hasil audit, rencana audit, serta tindak discussions on financial statements, evaluation of audit results, audit
lanjut atas temuan audit. Secara umum, agenda rapat meliputi: planning, as well as follow-up on audit findings. In general, the meeting
agenda includes:
• Pembahasan Laporan Keuangan Tahunan dan Triwulanan; • Review of Annual and Quarterly Financial Statements;
• Evaluasi atas pelaksanaan audit oleh Auditor Eksternal; • Evaluation of audit implementation by External Auditors;
• Pembahasan laporan hasil audit internal dan tindak lanjut • Review of internal audit reports and monitoring of follow-up
rekomendasi; actions on audit findings;
• Pembahasan rencana audit tahunan; serta • Discussion of the Annual Audit Plan; and
• Isu-isu lain terkait pengendalian internal, manajemen risiko, dan • Other matters related to internal control, risk management, and
kepatuhan. compliance.
CAPAIAN KINERJA KOMITE TAHUN 2025 COMMITTEE PERFORMANCE ACHIEVEMENTS IN 2025
Berdasarkan hasil penilaian Dewan Komisaris, Komite Audit telah Based on the assessment by the Board of Commissioners, the Audit
menjalankan fungsi dan tanggung jawabnya secara efektif sesuai Committee has carried out its duties and responsibilities effectively in
dengan Piagam Komite Audit, arahan Dewan Komisaris, serta ketentuan accordance with the Audit Committee Charter, directives of the Board of
peraturan perundang-undangan yang berlaku. Commissioners, and applicable regulations.
Sepanjang periode pelaporan, Komite Audit secara aktif: Throughout the reporting period, the Audit Committee has actively:
• Melaksanakan rapat secara berkala dengan pihak-pihak terkait • Conducted regular meetings with relevant parties to support the
dalam rangka mendukung fungsi pengawasan; supervisory function;
• Melakukan evaluasi atas pelaksanaan audit laporan keuangan oleh • Evaluated the implementation of financial statement audits
Auditor Eksternal serta menyampaikan hasilnya kepada Dewan by External Auditors and reported the results to the Board of
Komisaris; Commissioners;
• Memberikan rekomendasi kepada Dewan Komisaris terkait • Provided recommendations to the Board of Commissioners
penunjukan Akuntan Publik dan Kantor Akuntan Publik; regarding the appointment of Public Accountants and Public
Accounting Firms;
• Menelaah efektivitas penerapan manajemen risiko oleh Direksi; • Reviewed the effectiveness of risk management implementation by
the Board of Directors;
• Menelaah laporan hasil audit internal serta memantau tindak • Reviewed internal audit reports and monitored the follow-up of
lanjut atas rekomendasi audit; dan audit recommendations; and
• Membahas rencana audit tahunan bersama fungsi Audit Internal. • Discussed the Annual Audit Plan with the Internal Audit function.
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Tata Kelola Perusahaan
Corporate Governance
NOMINASI DAN REMUNERASI DEWAN KOMISARIS
DAN DIREKSI
NOMINATION AND REMUNERATION OF THE BOARD OF COMMISSIONERS
AND BOARD OF DIRECTORS
PROSEDUR NOMINASI NOMINATION PROCEDURE
Sebagaimana diatur dalam Board Manual, kandidat anggota Dewan As stipulated in the Board Manual, candidates for members of the
Komisaris dan Direksi Perseroan diutamakan berasal dari lingkungan Board of Commissioners and the Board of Directors are primarily
internal, baik dari Direksi Entitas Anak maupun karyawan Perseroan sourced from within the Company, including Directors of Subsidiaries
yang telah melalui proses pengembangan dan seleksi yang memadai. or employees who have undergone appropriate development and
selection processes.
Namun demikian, Perseroan juga membuka kemungkinan untuk However, the Company may also recruit members of the Board of
merekrut anggota Dewan Komisaris atau Direksi dari pihak eksternal Commissioners or the Board of Directors from external sources under
dengan mempertimbangkan kondisi tertentu, antara lain: certain conditions, including:
1. Ketentuan yang diwajibkan oleh peraturan perundang-undangan; 1. Requirements mandated by applicable laws and regulations;
2. Tidak tersedianya kandidat internal yang memenuhi kualifikasi; 2. The absence of qualified internal candidates; and
dan
3. Adanya kebijakan pemerintah terkait penunjukan perwakilan 3. The existence of government policies requiring representation of
pemerintah atau putra daerah dalam jajaran Direksi. government officials or local representatives within the Board of
Directors.
Dalam setiap proses nominasi, Perseroan memastikan bahwa pemilihan In all nomination processes, the Company ensures that the selection
dan pengangkatan kandidat dilakukan dengan mengedepankan and appointment of candidates are carried out in accordance with
prinsip GCG, profesionalisme, serta mempertimbangkan rekam the GCG principles, professionalism, and by taking into account the
jejak, pengalaman, dan kompetensi yang relevan guna mendukung candidates’ track record, experience, and competencies to support
keberlanjutan kepemimpinan Perseroan. sustainable leadership succession.
PROSEDUR REMUNERASI REMUNERATION PROCEDURE
Penetapan remunerasi bagi Dewan Komisaris dan Direksi dilakukan The determination of remuneration for the Board of Commissioners
melalui persetujuan Pemegang Saham dalam RUPS. Perseroan and the Board of Directors is subject to approval by the Shareholders
memastikan bahwa kebijakan remunerasi yang diterapkan telah sesuai through the GMS. The Company ensures that its remuneration policies
dengan ketentuan peraturan perundang-undangan yang berlaku serta comply with applicable laws and regulations and take into account
mempertimbangkan tingkat remunerasi di industri sejenis. compensation levels within comparable industries.
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Proses Penetapan Remunerasi Dewan Komisaris dan Direksi
Remuneration Determination Process of the Board of Commissioners and the Board of Directors
Penyusunan Strategi Penetapan KPI (Key Evaluasi Kinerja Berkala
Jangka Pendek dan Performance Indicators) Periodic Performance
Panjang Establishing Key Performance Evaluations
Short & Long-term Strategy Indicators
Formulation
Direksi dengan persetujuan Dewan Direksi dengan persetujuan Dewan Direksi melakukan evaluasi kinerja
Komisaris menyusun strategi Perseroan. Komisaris menetapkan KPI sebagai secara berkala melalui penilaian
The Board of Directors with the dasar pengukuran kinerja. bulanan.
approval of the Board of Commissioners The Board of Directors with the The Board of Directors conducts
formulates the Company's strategis. approval of the Board of Commissioners periodic performance evaluations
establishes KPI as the basis for through monthly assessments.
performance measurement.
01 02 03
06 05 04
Penetapan oleh RUPS Usulan Remunerasi Penilaian oleh Dewan
Determination by the GMS ke RUPS Komisaris
Remuneration Proposals to Assessment by The Board of
the GMS the Commissioners
RUPS menetapkan total remunerasi Dewan Komisaris menyampaikan Direksi menyampaikan laporan
Dewan Komisaris serta memberikan usulan remunerasi kepada Pemegang triwulanan. Dewan Komisaris menilai
kewenangan kepada Dewan Komisaris Saham dalam RUPS. dengan mempertimbangkan KPI dan
untuk menentukan remunerasi Direksi. The Board of Commissioners submits survei pasar.
The GMS determines the total remuneration proposals to the The Board of Directors reports quarterly.
remuneration for the Board of Shareholders at the GMS. The Board of Commissioners assesses
Commissioners and grants authority to considering KPI evaluations and market
the Board of Commissioners determine benchmarking.
the remuneration for the Board of
Directors.
STRUKTUR REMUNERASI REMUNERATION STRUCTURE
Anggota Dewan Komisaris dan Direksi menerima remunerasi dalam Members of the Board of Commissioners and the Board of Directors
bentuk honorarium/gaji, bonus, serta tunjangan lainnya termasuk receive remuneration in the form of honorarium/salary, bonuses, and
dalam bentuk natura. other benefits, including benefits in kind.
Sampai dengan akhir tahun 2025, Perseroan tidak memberikan program As of the end of 2025, the Company does not provide pension or
pensiun atau manfaat pensiun bagi Direksi, manajemen senior, maupun retirement benefit programs for the Board of Directors, senior
karyawan lainnya, kecuali yang diwajibkan oleh peraturan perundang- management, or other employees, except as required by applicable
undangan. laws and regulations.
REMUNERASI DEWAN KOMISARIS DAN DIREKSI UNTUK REMUNERATION OF THE BOARD OF COMMISSIONERS AND
TAHUN BUKU 2025 BOARD OF DIRECTORS FOR FISCAL YEAR 2025
Berdasarkan keputusan RUPST tanggal 18 Juni 2025 terkait penetapan Based on the resolution of the AGMS dated June 18, 2025 regarding the
gaji/honorarium dan tunjangan lainnya bagi anggota Dewan Komisaris determination of salary/honorarium and other benefits for members of
dan Direksi Perseroan untuk tahun buku 2025, Pemegang Saham the Board of Commissioners and the Board of Directors for the fiscal year
menyetujui pemberian wewenang dan kuasa kepada Dewan Komisaris 2025, the Shareholders approved the delegation of authority to the Board
untuk menetapkan gaji/honorarium dan/atau tunjangan Dewan of Commissioners to determine the salary/honorarium and/or benefits
Komisaris dan Direksi dengan memperhatikan rekomendasi dari fungsi of the Board of Commissioners and the Board of Directors, by taking
nominasi dan remunerasi serta kondisi keuangan Perseroan. into account recommendations from the nomination and remuneration
function as well as the Company’s financial condition.
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Tata Kelola Perusahaan
Corporate Governance
Menindaklanjuti keputusan tersebut, Dewan Komisaris yang Following this resolution, the Board of Commissioners, which performs
menjalankan fungsi nominasi dan remunerasi menetapkan struktur the nomination and remuneration function, determined the structure
dan besaran remunerasi Dewan Komisaris dan Direksi untuk tahun and amount of remuneration for the Board of Commissioners and the
buku 2025 dengan mempertimbangkan pencapaian kinerja Perseroan Board of Directors for the fiscal year 2025 by considering the Company’s
tahun sebelumnya, keselarasan dengan praktik industri sejenis, serta performance in the previous year, alignment with industry practices,
kemampuan keuangan Perseroan. and the Company’s financial capacity.
Perseroan tidak mengungkapkan rincian remunerasi masing-masing The Company does not disclose the remuneration of individual
anggota Dewan Komisaris dan Direksi secara individual. Kebijakan members of the Board of Commissioners and the Board of Directors.
ini mempertimbangkan sifat informasi remunerasi yang sensitif This policy reflects the sensitive nature of remuneration information
serta posisi strategis Dewan Komisaris dan Direksi dalam menjaga as well as the strategic roles of the Board of Commissioners and the
keberlangsungan dan daya saing Perseroan. Selain itu, pengungkapan Board of Directors in maintaining the Company’s sustainability and
secara individual berpotensi menimbulkan risiko kompetitif, termasuk competitiveness. In addition, such individual disclosure may give rise
praktik perekrutan yang tidak wajar oleh pihak lain. to competitive risks, including the potential for unfair recruitment
practices by other parties.
Meskipun demikian, Perseroan tetap berkomitmen terhadap prinsip Nevertheless, the Company remains committed to the principle of
transparansi dengan mengungkapkan total remunerasi Dewan transparency by disclosing the total remuneration of the Board of
Komisaris dan Direksi secara kolegial, sebagaimana tercermin dalam Commissioners and the Board of Directors on a collective basis, as
Laporan Keuangan Konsolidasian Perseroan. reflected in the Company’s Consolidated Financial Statements.
Jumlah remunerasi Dewan Komisaris dan Direksi untuk tahun buku The total remuneration of the Board of Commissioners and the Board
2025 dan 2024 disajikan pada tabel berikut. of Directors for fiscal years 2025 and 2024 is presented in the following
table.
Uraian 2025 2024
Description (Rp juta | IDR million) (Rp juta | IDR million)
Gaji dan Imbalan Kerja Direksi 42.676 39.691
Salaries and Benefits of the Board of Directors
Honorarium dan Imbalan Kerja Dewan Komisaris 8.405 8.429
Honorarium and Benefits of the Board of Commissioners
JUMLAH | TOTAL 51.081 48.120
PENGUNGKAPAN BONUS KINERJA, NON-KINERJA, DAN/ DISCLOSURE OF PERFORMANCE BONUSES, NON-
ATAU OPSI SAHAM PERFORMANCE BONUSES, AND/OR STOCK OPTIONS
Remunerasi Direksi dan Dewan Komisaris pada tahun 2025 The remuneration of the Board of Directors and the Board of
sebagaimana diungkapkan di atas telah mencakup komponen bonus Commissioners in 2025, as disclosed above, includes bonus
sesuai dengan kebijakan Perseroan. components in accordance with the Company’s policy.
Pada tahun 2025, Perseroan tidak memberikan kompensasi berbasis In 2025, the Company did not provide share-based compensation,
saham, termasuk dalam bentuk opsi saham, kepada anggota Direksi including stock options, to members of the Board of Directors and the
dan Dewan Komisaris. Board of Commissioners.
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KOMITE AUDIT
AUDIT COMMITTEE
Dalam rangka mendukung efektivitas pelaksanaan fungsi pengawasan, To support the effective implementation of its oversight function, the
Dewan Komisaris membentuk Komite Audit sebagai komite yang Board of Commissioners has established the Audit Committee as a
secara khusus membantu pelaksanaan tugas dan tanggung jawab committee specifically tasked with assisting the Board of Commissioners
Dewan Komisaris, terutama dalam melakukan pengawasan terhadap in carrying out its duties and responsibilities, particularly in overseeing
kualitas pelaporan keuangan, efektivitas sistem pengendalian internal, the quality of financial reporting, the effectiveness of internal control
manajemen risiko, serta kepatuhan terhadap peraturan perundang- systems, risk management, and compliance with prevailing laws and
undangan, dengan mengacu pada ketentuan yang berlaku dan praktik regulations, in accordance with applicable provisions and GCG practices.
GCG.
KOMPOSISI KOMITE AUDIT COMPOSITION OF THE AUDIT COMMITTEE
Komite Audit diketuai oleh Komisaris Independen dan didukung The Audit Committee is chaired by an Independent Commissioner and
oleh anggota yang berasal dari pihak independen, dengan sekurang- supported by members from independent parties, consisting of at least
kurangnya 2 (dua) anggota, di mana paling sedikit 1 (satu) anggota 2 (two) members, of whom at least 1 (one) possesses expertise in finance
memiliki keahlian di bidang keuangan atau akuntansi. or accounting.
Berdasarkan Surat Keputusan Dewan Komisaris No. 105/SPKOM/LGL- Based on the Decree of the Board of Commissioners No. 105/SPKOM/LGL-
TBP/XII/2022 tanggal 13 Desember 2022 tentang Pembentukan Komite TBP/XII/2022 dated December 13, 2022 concerning the Establishment
Audit dan Pengangkatan Anggota Komite Audit, susunan Komite Audit of the Audit Committee and the Appointment of its Members, the
Perseroan per 31 Desember 2025 adalah sebagai berikut: composition of the Company’s Audit Committee as of December 31, 2025
is as follows:
Nama Jabatan Masa Jabatan Periode
Name Position Term of Office Period
Darjoto Setyawan Ketua/Komisaris Independen Bersamaan dengan tugas sebagai Komisaris Periode Pertama, tahun ke-4
Chairman/Independent Independen 1st Period, fourth term
Commissioners Concurrent with the duties as Independent
Commissioner
Toni Setioko Anggota Mengikuti periode dan masa jabatan Dewan Komisaris Periode Pertama, tahun ke-4
Member Following the period and term of office of the Board of 1st Period, fourth term
Commissioners
Tsun Tien Wen Lie Anggota Mengikuti periode dan masa jabatan Dewan Komisaris Periode Pertama, tahun ke-4
Member Following the period and term of office of the Board of 1st Period, fourth term
Commissioners
PROFIL ANGGOTA KOMITE PROFILE OF COMMITTEE MEMBERS
Darjoto Setyawan
Ketua Komite Audit
Chairman of Audit Committee
Profil beliau disajikan pada bagian profil Dewan His profile is presented in the profile of the
Komisaris pada Laporan Tahunan ini. Board of Commissioners section in this Annual
Report.
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Tata Kelola Perusahaan
Corporate Governance
Toni Setioko
Anggota Komite Audit
Member of Audit Committee
Dasar Hukum Surat Keputusan Dewan Komisaris No. 105/ Decree of the Board of Commissioners No. 105/
Pengangkatan SPKOM/LGL-TBP/XII/2022 tanggal 13 Desember SPKOM/LGL-TBP/XII/2022 dated December 13,
Legal Basis of 2022 2022
Appointment
Riwayat Pendidikan Sarjana Akuntansi dari Universitas Katolik Bachelor of Accounting from Parahyangan Chatolic
Educational Background Parahyangan (1989) University (1989)
Pengalaman Kerja • Audit Manager, Kantor Akuntan Publik (KAP) • Audit Manager at Prasetio Utomo & Co Public
Work Experience Prasetio Utomo & Co (1990 - 1996) Accounting Firm (1990 - 1996)
• Director of Operations PT DBS Vickers Indonesia • Director of Operations at PT DBS Vickers
(1996 - 2000) Indonesia (1996 - 2000)
• Director of Operations and Finance PT Kuo • Director of Operations and Finance at PT Kuo
Capital Raharja (2000 - 2003) Capital Raharja (2000 - 2003)
• Komisaris Independen PT Panorama • Independent Commissioner at PT Panorama
Sentrawisata Tbk (sampai dengan April 2019) Sentrawisata Tbk (until April 2019)
• Komisaris PT Fides Pro Consulting (2010 – saat • Commissioner at PT Fides Pro Consulting (2010
Kewarganegaraan ini) – present)
Citizenship • Direktur CV Integral Solutions (2014 – saat ini) • Director at CV Integral Solutions (2014 – present)
Indonesia Rangkap Jabatan • Komisaris PT Fides Pro Consulting (sejak 2010) • Commissioner at PT Fides Pro Consulting (since
Concurrent Positions 2010)
• Direktur CV Integral Solutions (sejak 2014) • Director at CV Integral Solutions (since 2014)
Usia
Age
60
tahun | years old
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Tsun Tien Wen Lie
Anggota Komite Audit
Member of Audit Committee
Dasar Hukum Surat Keputusan Dewan Komisaris No. 105/ Decree of the Board of Commissioners No. 105/
Pengangkatan SPKOM/LGL-TBP/XII/2022 tanggal 13 Desember SPKOM/LGL-TBP/XII/2022 dated December 13,
Legal Basis of 2022 2022
Appointment
Riwayat Pendidikan • Akuntan dari Institut Teknologi & Bisnis Kalbe • Accountant from Kalbe Institute of Technology &
Educational Background (2010) Business (2010)
• Magister Manajemen dari Sekolah Tinggi • Master of Management from Prasetiya Mulya
Manajemen Prasetiya Mulya (1998) College of Management (1998)
• Sarjana Hukum dari Universitas Padjadjaran • Bachelor of Law from Padjadjaran University
(1991) (1991)
• Sarjana Akuntansi dari STIE Tridharma (1990) • Bachelor of Accounting from STIE Tridharma
(1990)
• Diploma Akuntansi dari Universitas Padjadjaran • Diploma in Accounting from Padjadjaran
(1989) University (1989)
Pengalaman Kerja • Auditor Kantor Akuntan Publik (KAP) Prasetio, • Auditor at Prasetio, Utomo & Co Public
Kewarganegaraan Work Experience Utomo & Co (Arthur Andersen) (1991 - 1993) Accounting Firm (Arthur Andersen) (1991 - 1993)
Citizenship • Financial Controller Bank Bira (1993 - 1999) • Financial Controller at Bank Bira (1993 - 1999)
• Asisten Direktur Keuangan PT Inter World Steel • Assistant Finance Director at PT Inter World Steel
Indonesia Mills Indonesia (1999 - 2005) Mills Indonesia (1999 - 2005)
• Direktur Keuangan PT Bintang Toedjoe (2005 - • Finance Director at PT Bintang Toedjoe (2005 -
2007) 2007)
Usia • Direktur Keuangan PT Jaring Lintas Indonesia • Finance Director at PT Jaring Lintas Indonesia
Age (2008 - 2009) (2008 - 2009)
• Direktur & Corporte Secretary PT Arthavest Tbk • Director & Corporate Secretary at PT Arthavest
59 (2011 - saat ini) Tbk (2011 – present)
• Audit & Tax Partner KAP Heliantono & Rekan • Audit & Tax Partner at KAP Heliantono & Rekan
tahun | years old
(Parker Russell International) (2019 - saat ini) (Parker Russell International) (2019 – present)
• Komisaris Independen PT Grahaprima • Independent Commissioner at PT Grahaprima
Suksesmandiri Tbk (2022 - saat ini) Suksesmandiri Tbk (2022 – present)
• Komisaris Independen PT Falmaco Nonwoven • Independent Commissioner at PT Falmaco
Industri Tbk (2023 - saat ini) Nonwoven Industri Tbk (2023 – present)
Rangkap Jabatan • Direktur & Corporte Secretary PT Arthavest Tbk • Director & Corporate Secretary at PT Arthavest
Concurrent Positions (sejak 2011) Tbk (since 2011)
• Audit & Tax Partner KAP Heliantono & Rekan • Audit & Tax Partner at KAP Heliantono & Rekan
(sejak 2019) (since 2019)
• Komisaris Independen PT Grahaprima • Independent Commissioner at PT Grahaprima
Suksesmandiri Tbk (sejak 2022) Suksesmandiri Tbk (since 2022)
• Komisaris Independen PT Falmaco Nonwoven • Independent Commissioner at PT Falmaco
Industri Tbk (sejak 2023) Nonwoven Industri Tbk (since 2023)
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Tata Kelola Perusahaan
Corporate Governance
Pernyataan Independensi
Statement of Independence
Seluruh anggota Komite Audit berkomitmen untuk menjalankan tugas dan tanggung
jawabnya secara objektif, profesional, dan independen dengan senantiasa menjunjung
tinggi prinsip tata kelola perusahaan yang baik. Dalam pelaksanaannya, anggota
Komite Audit tidak berada di bawah tekanan maupun intervensi dari pihak manapun
serta secara konsisten menghindari segala bentuk benturan kepentingan yang dapat
memengaruhi independensi dalam pengambilan keputusan.
Selain itu, seluruh anggota Komite Audit tidak memiliki hubungan afiliasi, baik
hubungan keluarga maupun hubungan bisnis, dengan anggota Dewan Komisaris,
Direksi, maupun Pemegang Saham Utama dan/atau Pengendali.
All members of the Audit Committee are committed to carrying out their duties and
responsibilities objectively, professionally, and independently, while upholding the
principles of good corporate governance. In performing their roles, members of the
Audit Committee are not subject to any pressure or intervention from any party and
consistently avoid any potential conflicts of interest that may affect their independence
in decision-making.
Furthermore, all members of the Audit Committee do not have any affiliation, whether
familial or business relationships, with members of the Board of Commissioners, the
Board of Directors, or the Controlling and/or Major Shareholders.
Aspek Independensi Darjoto Tsun Tien
Toni Setioko
Independence Aspects Setyawan Wen Lie
Tidak merupakan pihak yang bekerja pada Kantor Akuntan Publik, Kantor Konsultan Hukum, atau pihak √ √ √
lain yang memberikan jasa audit, jasa non-audit, dan/atau jasa konsultasi lainnya kepada Perseroan
dalam 6 (enam) bulan terakhir.
Not affiliated with a Public Accounting Firm, Legal Consulting Firm, or any other party providing audit, non-
audit, and/or other consulting services to the Company within the past 6 (six) months.
Tidak memiliki wewenang dan tanggung jawab untuk merencanakan, memimpin, atau mengendalikan √ √ √
kegiatan Perseroan dalam 6 (enam) bulan terakhir.
Does not have the authority or responsibility to plan, lead, or control the Company’s activities within the
past 6 (six) months.
Tidak memiliki saham Perseroan, baik secara langsung maupun tidak langsung (kode saham: NCKL). √ √ √
Does not own any shares in the Company, either directly or indirectly (ticker code: NCKL).
Tidak memiliki hubungan pekerjaan atau usaha dengan Perseroan, baik secara langsung maupun tidak √ √ √
langsung, dalam 6 (enam) bulan terakhir.
Does not have any employment or business relationship with the Company, either directly or indirectly,
within the past 6 (six) months.
Tidak memiliki hubungan keluarga dengan Pemegang Saham Utama/Pengendali, anggota Dewan √ √ √
Komisaris, maupun anggota Direksi yang dapat menimbulkan benturan kepentingan.
Does not have any familial relationship with the Major/Controlling Shareholder, members of the Board of
Commissioners, or members of the Board of Directors that may give rise to a conflict of interest.
PROGRAM PENGEMBANGAN KOMPETENSI COMPETENCE DEVELOPMENT PROGRAM
Pada tahun buku 2025, anggota Komite Audit mengikuti program In 2025, members of the Audit Committee participated in the following
pelatihan dan peningkatan kompetensi sebagai berikut: training and competence development programs:
Nama Peserta Program Tanggal Penyelenggara
Name of Participant Program Date Organizer
Darjoto Setiawan Disajikan pada bagian “Pengembangan Kompetensi” pada subbab Dewan Komisaris.
Presented in the “Competency Development” section on the Board of Commissioners sub chapter.
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Nama Peserta Program Tanggal Penyelenggara
Name of Participant Program Date Organizer
Toni Setioko Outlook Ekonomi dan Keuangan di Tahun 2025 20 Februari | February 20 OJK Institute
Economic and Financial Outlook in 2025
Akuntansi Aset Keuangan, Provisi, Imbalan Kerja, Pajak Tangguhan, dan Aspek 7 Juli | July 7 IKPI
Perpajakannya
Accounting for Financial Assets, Provisions, Employee Benefits, Deferred Tax, and
Related Tax Aspects
Aset Tetap, Aset Tak Berwujud, dan Properti Investasi: Perlakuan Akuntansi dan Pajak 8 September | September 8 IKPI
Fixed Assets, Intangible Assets, and Investment Property: Accounting and Tax
Treatment
Proses Bisnis Initial Public Offering (IPO) dan Dampak Perpajakannya 10 Desember | December 10 AEI
Initial Public Offering (IPO) Business Process and Its Tax Implications
Tsun Tien Wen Lie Teknik Pengelolaan dan Manajemen Risiko Penyusunan E-Bupot PPh Pasal 21 Tahun 6 Januari | January 6 IKPI
2024: Dafnom Natura/Kenikmatan (Sesuai PMK 66/2023 & ND-14/PJ/PJ.02/2024)
Strategic Management and Risk Management Techniques for the Preparation of 2024
Article 21 Income Tax E-Withholding Slips: Benefits in Kind/Natura (in accordance
with MoF Regulation No. 66/2023 & ND-14/PJ/PJ.02/2024)
Peran Dewan Komisaris dalam Aspek Hukum Laporan Keuangan dan Laporan 21 Januari | January 21 IKAI
Tahunan Perusahaan
The Role of the Board of Commissioners in the Legal Aspects of Corporate Financial
Statements and Annual Reports
Penerapan Global Minimum Tax di Indonesia 14 Februari | February 14 IAPI
Implementation of Global Minimum Tax in Indonesia
Siapa Dibalik Korporasi? Mencermati Transparansi Beneficial Ownership dan 19 Maret | March 19 AEI
Pengaturannya di Indonesia
Who Is Behind the Corporation? Examining Beneficial Ownership Transparency and
Its Regulation in Indonesia
Menilik dan Manajemen Pemenuhan Kewajiban Perpajakan atas SPT Tahunan 12 April | April 12 IKPI
Badan 1771 Tahun Pajak 2024
Reviewing and Managing Corporate Annual Income Tax Return (SPT 1771)
Compliance for Fiscal Year 2024
Insurance Revolution: How AI is Transforming the Underwriting and Optimizing 24 April | April 24 OJK Institute
Business Processes
Strategize Your Finance & Investments to Maximize Growth 25 April | April 25 IKPI
Internal Control over Financial Reporting (ICoFR) 26 April | April 26 Accounting
Academy
Peran Strategis Akuntan Publik dalam Meningkatkan dan Memberikan Kepercayaan 8 Mei | May 8 IAPI
Publik bagi Para Pemilik Perusahaan, Direksi dan Stakeholders
The Strategic Role of Public Accountants in Enhancing and Providing Public Trust for
Shareholders, Directors, and Stakeholders
Penandatanganan MOU dan Sharing Knowledge: Experience Perpajakan Korea 9 Mei | May 9 IKPI
MOU Signing and Knowledge Sharing: Korean Taxation Experience
Membedah Stagnansi Tax Ratio Indonesia Masalah Struktural, Teknis, atau Ekonomi? 19 Mei | May 19 IKPI
Examining Indonesia’s Tax Ratio Stagnation: Structural, Technical, or Economic
Issues?
Aspek Akuntansi dan Audit serta Manajemen Risiko dalam Laporan Keuangan 23 Juni | June 23 IAPI
Perusahaan Efek termasuk Perusahaan Efek Syariah
Accounting, Audit, and Risk Management Aspects in the Financial Statements of
Securities Companies, including Sharia Securities Companies
Update PSAK: Apakah Gap-nya Semakin Melebar dengan Aturan Perpajakan? 12 Juli | July 12 IKPI
PSAK Update: Is the Gap with Tax Regulations Becoming Wider?
The Auditor's Role in Mitigating Cybersecurity Risks and Ensuring Data Integrity 25 Juli | July 25 IAPI
Update PSAK Terkini dalam Penyusunan Laporan Keuangan 11 September | September 11 IAPI
Latest PSAK Updates in Financial Statement Preparation
Teknik Pengelolaan Strategis: Pajak Tangguhan & Rekonsiliasi Laporan Keuangan 22 September | September 22 IKPI
Komersial untuk Tujuan Perpajakan (Berdasarkan Peraturan Terkini)
Strategic Management Techniques: Deferred Tax & Commercial Financial Statement
Reconciliation for Tax Purposes (Based on the Latest Regulations)
How To Recruit Qualified People 21 November | November 21 IKPI
Pelaporan SPT PPh Tahunan Badan sesuai Sistem Coretax 20 Desember | December 20 IKPI
Corporate Annual Income Tax Return Reporting under the Coretax System
Catatan | Notes
OJK Otoritas Jasa Keuangan | Financial Services Authority
IKPI Ikatan Konsultan Pajak Indonesia | Indonesian Tax Consultant Association
IAPI Institut Akuntan Publik Indonesia | Indonesia Institute of Certified Public Accountants
AEI Asosiasi Emiten Indonesia | Indonesian Public Listed Companies Association
IKAI Ikatan Komite Audit Indonesia | Indonesian Institute of Audit Committee
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Tata Kelola Perusahaan
Corporate Governance
Piagam Komite Audit
Audit Committee Charter
Perseroan telah menetapkan Piagam Komite Audit sebagai pedoman kerja
bagi Komite Audit dalam menjalankan peran dan tanggung jawabnya secara
independen dan objektif. Piagam ini memuat tujuan, wewenang, tanggung jawab,
serta ruang lingkup kegiatan Komite Audit, termasuk hubungan kerja dengan
Dewan Komisaris, Direksi, dan Departemen Audit Internal. Melalui Piagam Komite
Audit, Perseroan memastikan bahwa Komite Audit memiliki akses yang memadai
terhadap informasi, sumber daya, serta pihak-pihak terkait yang diperlukan dalam
pelaksanaan tugasnya.
Piagam ini disusun dan ditetapkan sesuai dengan ketentuan peraturan perundang-
undangan yang berlaku serta ditinjau secara berkala untuk memastikan
kesesuaiannya dengan perkembangan usaha dan perubahan regulasi. Dengan
demikian, Komite Audit diharapkan dapat menjalankan fungsinya secara efektif
dalam mendukung pelaksanaan fungsi pengawasan Dewan Komisaris.
The Company has established an Audit Committee Charter as a guideline for the
Audit Committee in carrying out its roles and responsibilities in an independent and
objective manner. The Charter outlines the purpose, authority, responsibilities, and
scope of the Audit Committee’s activities, including its working relationship with
the Board of Commissioners, Board of Directors, and Internal Audit Department.
Through the Audit Committee Charter, the Company ensures that the Audit
Committee has adequate access to information, resources, and relevant parties
required to perform its duties effectively.
The Charter is prepared and implemented in accordance with prevailing laws and
regulations and is reviewed periodically to ensure its alignment with business
developments and regulatory changes. Accordingly, the Audit Committee
is expected to perform its functions effectively in supporting the Board of
Commissioners’ supervisory role.
Piagam Komite Audit selengkapnya dapat dilihat di situs web Perseroan.
The full Audit Committee Charter is available on the Company’s website.
TUGAS, TANGGUNG JAWAB, DAN WEWENANG KOMITE AUDIT DUTIES, RESPONSIBILITIES, AND AUTHORITIES OF THE
AUDIT COMMITTEE
Komite Audit memiliki tugas utama membantu Dewan Komisaris dalam The Audit Committee has the primary duty of assisting the Board
menjalankan fungsi pengawasan terhadap pengelolaan Perseroan. of Commissioners in carrying out its supervisory function over the
Dalam melaksanakan perannya, Komite Audit bertanggung jawab management of the Company. In performing its role, the Audit Committee
untuk menelaah kualitas laporan keuangan, memastikan efektivitas is responsible for reviewing the quality of financial statements, ensuring
sistem pengendalian internal, serta memantau penerapan manajemen the effectiveness of internal control systems, as well as monitoring the
risiko dan kepatuhan terhadap peraturan perundang-undangan. implementation of risk management and compliance with applicable
laws and regulations.
Komite Audit juga melakukan penelaahan atas pelaksanaan audit oleh The Audit Committee also reviews the performance of both external and
auditor eksternal dan internal, termasuk mengevaluasi independensi internal audits, including evaluating the independence and objectivity of
dan objektivitas auditor serta menelaah kecukupan ruang lingkup dan auditors, as well as assessing the adequacy of audit scope and results. In
hasil audit. Selain itu, Komite Audit memberikan rekomendasi kepada addition, the Audit Committee provides recommendations to the Board
Dewan Komisaris terkait penunjukan auditor eksternal serta memantau of Commissioners regarding the appointment of external auditors and
tindak lanjut atas temuan audit. monitors the follow-up of audit findings.
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Dalam menjalankan tugasnya, Komite Audit memiliki wewenang In carrying out its duties, the Audit Committee has the authority to access
untuk mengakses data, informasi, dan sumber daya Perseroan yang the Company’s data, information, and resources as necessary, and to
diperlukan, serta berkomunikasi secara langsung dengan manajemen, communicate directly with management, internal auditors, and external
auditor internal, maupun auditor eksternal. Komite Audit juga dapat auditors. The Audit Committee may also request explanations from
meminta penjelasan dari pihak terkait serta melibatkan tenaga ahli relevant parties and engage independent experts where necessary.
independen apabila diperlukan.
Tugas, tanggung jawab, dan wewenang Komite Audit selengkapnya dapat
dilihat dalam Piagam Komite Audit pada situs web Perseroan.
Further details on the duties, responsibilities, and authorities of the Audit
Committee can be found in the Audit Committee Charter available on the
Company’s website.
RAPAT KOMITE AUDIT AUDIT COMMITTEE MEETINGS
Kebijakan Rapat Komite Audit Audit Committee Meeting Policy
Komite Audit menyelenggarakan rapat secara berkala sebagai bagian The Audit Committee holds meetings on a regular basis as part of
dari pelaksanaan tugasnya dalam mendukung fungsi pengawasan its duties in supporting the supervisory function of the Board of
Dewan Komisaris. Rapat menjadi forum utama untuk membahas Commissioners. These meetings serve as the primary forum to discuss
kualitas pelaporan keuangan, efektivitas pengendalian internal, the quality of financial reporting, the effectiveness of internal controls,
pelaksanaan audit internal dan eksternal, manajemen risiko, serta the implementation of internal and external audits, risk management,
kepatuhan terhadap peraturan perundang-undangan. Rapat dipimpin and compliance with applicable laws and regulations. Meetings are
oleh Ketua Komite Audit dan dihadiri oleh seluruh anggota, serta dapat chaired by the Audit Committee Chairman and attended by all members,
melibatkan manajemen, auditor internal, auditor eksternal, atau pihak and may involve management, internal auditors, external auditors, or
terkait lainnya sesuai kebutuhan. other relevant parties as necessary.
Pengambilan keputusan dilakukan secara musyawarah untuk mufakat, Decisions are made based on deliberation for consensus, and each
dan setiap rapat dituangkan dalam risalah rapat yang memuat meeting is documented in minutes that record the discussions and
hasil pembahasan serta rekomendasi kepada Dewan Komisaris. recommendations to the Board of Commissioners. Through structured
Melalui pelaksanaan rapat yang terstruktur dan efektif, Komite and effective meetings, the Audit Committee ensures that material issues
Audit memastikan bahwa isu-isu material dapat diidentifikasi dan are properly identified and followed up in a timely manner.
ditindaklanjuti secara tepat waktu.
Pelaksanaan Rapat Komite Audit
Meeting Implementation of Audit Committee Meetings
Tanggal Rapat Agenda Rapat Peserta Rapat
Meeting Date Meeting Agenda Meeting Participants
21 Maret • Pembahasan Laporan Auditor Independen (LAI) atas Laporan Keuangan Komite Audit, DAI, Direktur Utama, Direktur Keuangan,
March 21 Konsolidasian Tahun Buku 2024 Auditor Eksternal
• Laporan Audit Internal Kuartal 1 Audit Committee, IAD, President Director, Finance
• Discussion of the Independent Auditor’s Report on the 2024 Director, External Auditor
Consolidated Financial Statements
• Quarter 1 Internal Audit Report
30 Juni Laporan Audit Internal Kuartal 2 Komite Audit, DAI, Direktur Utama
June 30 Quarter 2 Internal Audit Report Audit Committee, IAD, President Director
30 Oktober • Rencana audit Laporan Keuangan Konsolidasian Tahun Buku 2025 Komite Audit, DAI, Direktur Utama, Direktur Keuangan,
October 30 • Laporan Audit Internal Kuartal 3 Auditor Eksternal
• Audit Plan for the 2025 Consolidated Financial Statements Audit Committee, IAD, President Director, Finance
• Quarter 3 Internal Audit Report Director, External Auditor
18 Desember Laporan Audit Internal Kuartal 4 Komite Audit, DAI, Direktur Utama
December 18 Quarter 4 Internal Audit Report Audit Committee, IAD, President Director
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Tata Kelola Perusahaan
Corporate Governance
Kehadiran Anggota Komite Audit dalam Rapat Komite Audit
Attendance of Audit Committee Members in Audit Committee Meetings
Jumlah Rapat %
Nama Jabatan Jumlah Kehadiran
Number of
Name Position Total Attendance
Meeting
4 4 100
Darjoto Setyawan Ketua/Komisaris Independen | Chairman/Independent Commissioners
4 4 100
Toni Setioko Anggota | Member
4 4 100
Tsun Tien Wen Lie Anggota | Member
Rata-rata Kehadiran (%) | Average Attendance Rate (%) 100
Ringkasan Kegiatan
Komite Audit Tahun
2025
Summary of Audit Committee
Activities In 2025
Sepanjang tahun 2025, Komite Audit telah melaksanakan tugas dan Throughout 2025, the Audit Committee carried out its duties and
tanggung jawabnya sesuai dengan Piagam Komite Audit, arahan Dewan responsibilities in accordance with the Audit Committee Charter, the
Komisaris, serta ketentuan peraturan perundang-undangan yang berlaku, directives of the Board of Commissioners, and applicable laws and
termasuk: regulations, including:
1. Menyelenggarakan 4 (empat) kali rapat bersama mitra kerja sesuai 1. Conducting 4 (four) meetings with relevant counterparts in accordance
dengan ketentuan yang berlaku; with prevailing regulations;
2. Mengevaluasi pelaksanaan audit atas informasi keuangan historis 2. Evaluating the audit of the annual historical financial information
tahunan oleh Akuntan Publik dan/atau Kantor Akuntan Publik untuk conducted by the Public Accountant and/or Public Accounting Firm
tahun buku 2024 serta menyampaikan hasilnya kepada Dewan for the 2024 financial year and reporting the results to the Board of
Komisaris; Commissioners;
3. Memberikan rekomendasi kepada Dewan Komisaris terkait penunjukan 3. Providing recommendations to the Board of Commissioners regarding
Akuntan Publik dan/atau Kantor Akuntan Publik untuk audit Laporan the appointment of the Public Accountant and/or Public Accounting
Keuangan Konsolidasian tahun buku 2025, termasuk melakukan Firm for the audit of the 2025 Consolidated Financial Statements,
evaluasi atas kinerja, independensi, ruang lingkup penugasan, serta including evaluating the auditor’s performance, independence, scope of
kepatuhan auditor terhadap standar profesional yang berlaku; engagement, and compliance with applicable professional standards;
4. Menjalin komunikasi dan diskusi secara berkala dengan Auditor 4. Maintaining regular communication and discussions with the External
Eksternal, termasuk dalam tahap perencanaan audit, pembahasan Auditor, including during the audit planning stage, discussions of audit
hasil audit, serta penelaahan atas Key Audit Matters guna memastikan results, and reviews of Key Audit Matters to ensure the adequacy and
kecukupan dan efektivitas prosedur audit yang dilakukan; effectiveness of the audit procedures performed;
5. Memastikan auditor eksternal secara proaktif mengomunikasikan 5. Ensuring that the external auditor proactively communicates all
seluruh temuan dan permasalahan signifikan yang teridentifikasi selama significant findings and issues identified during the audit process, as
proses audit, serta memantau tindak lanjut dan respons manajemen well as monitoring management’s follow-up actions and responses to
atas hal-hal yang menjadi perhatian auditor eksternal; matters raised by the external auditor;
6. Menelaah efektivitas penerapan manajemen risiko oleh Direksi; 6. Reviewing the effectiveness of risk management implementation by the
Board of Directors;
7. Menelaah laporan hasil audit internal serta memantau pelaksanaan 7. Reviewing internal audit reports and monitoring the implementation of
tindak lanjut atas rekomendasi temuan audit oleh Direksi/Auditee; dan follow-up actions on audit findings recommendations by the Board of
Directors/Auditees; and
8. Membahas Rencana Audit Tahunan tahun 2026 bersama Departemen 8. Discussing the 2026 Annual Audit Plan with the Internal Audit
Audit Internal. Department.
Selain itu, Komite Audit juga memastikan bahwa hubungan dan interaksi Through the execution of these activities, the Audit Committee made
antara manajemen dan auditor eksternal berjalan secara transparan, a significant contribution in supporting the Board of Commissioners in
independen, dan konstruktif sebagai bagian dari upaya menjaga integritas ensuring the quality of financial reporting, the effectiveness of internal
proses audit dan kualitas pelaporan keuangan Perseroan. control systems, as well as the implementation of risk management and
compliance within the Company.
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FUNGSI NOMINASI DAN REMUNERASI
NOMINATION AND REMUNERATION FUNCTION
Sampai dengan 31 Desember 2025, Perseroan belum membentuk As of December 31, 2025, the Company has not established a Nomination
Komite Nominasi dan Remunerasi. Pelaksanaan fungsi Nominasi and Remuneration Committee. The Nomination and Remuneration
dan Remunerasi dijalankan langsung oleh Dewan Komisaris sesuai functions are carried out directly by the Board of Commissioners in
dengan ketentuan yang berlaku, sebagai bagian dari tanggung jawab accordance with prevailing regulations, as part of its supervisory role
pengawasan dalam penerapan tata kelola perusahaan yang baik. Hal in implementing good corporate governance. This is in line with the
ini sejalan dengan Piagam Komite Nominasi dan Remunerasi yang Nomination and Remuneration Committee Charter, which stipulates
menegaskan bahwa fungsi tersebut dapat dilaksanakan oleh Dewan that such functions may be performed by the Board of Commissioners
Komisaris apabila komite belum dibentuk. in the absence of the committee.
Sebagai pedoman dalam pelaksanaan fungsi tersebut, Perseroan As a guideline for the implementation of these functions, the Company
telah menetapkan Piagam Komite Nominasi dan Remunerasi yang has established a Nomination and Remuneration Committee Charter
mengatur tujuan, struktur, fungsi, tugas, tanggung jawab, serta that governs the objectives, structure, functions, duties, responsibilities,
wewenang dalam proses nominasi dan remunerasi. Piagam ini disusun and authorities related to nomination and remuneration processes.
untuk memastikan transparansi, objektivitas, dan akuntabilitas dalam The Charter is designed to ensure transparency, objectivity, and
penetapan kebijakan terkait pengangkatan, pengembangan, serta accountability in determining policies related to the appointment,
evaluasi kinerja Direksi dan Dewan Komisaris, sekaligus mendukung development, and performance evaluation of the Board of Directors and
peningkatan kualitas dan kompetensi organ Perseroan. the Board of Commissioners, while also supporting the enhancement of
the quality and competence of the Company’s governing bodies.
Dalam menjalankan fungsi nominasi, Dewan Komisaris melakukan In carrying out the nomination function, the Board of Commissioners
penelaahan dan pemantauan atas kebijakan serta proses nominasi, conducts reviews and monitoring of nomination policies and
termasuk analisis kebutuhan organisasi, kriteria dan prosedur seleksi, processes, including organizational analysis, selection criteria and
serta program pengembangan dan suksesi. Selain itu, Dewan Komisaris procedures, as well as development and succession programs. The
memberikan rekomendasi terkait komposisi dan kriteria jabatan Board of Commissioners also provides recommendations regarding
Direksi dan Dewan Komisaris, melakukan penilaian kinerja berdasarkan the composition and criteria for positions within the Board of Directors
tolak ukur yang telah ditetapkan, serta mengusulkan calon anggota and the Board of Commissioners, evaluates performance based on
Direksi dan Dewan Komisaris kepada RUPS melalui mekanisme yang established benchmarks, and proposes candidates for the Board of
transparan dan terukur. Directors and the Board of Commissioners to the General Meeting of
Shareholders through a transparent and measurable process.
Adapun dalam fungsi remunerasi, Dewan Komisaris melakukan kajian In terms of the remuneration function, the Board of Commissioners
terhadap kebijakan remunerasi dengan mengacu pada peraturan reviews remuneration policies in accordance with applicable laws
perundang-undangan serta praktik pasar yang berlaku, termasuk and regulations as well as prevailing market practices, including
struktur remunerasi yang mencakup gaji, honorarium, insentif, dan remuneration structures comprising salaries, honoraria, incentives, and
tunjangan. Dewan Komisaris juga mengevaluasi kesesuaian antara allowances. The Board of Commissioners also evaluates the alignment
kinerja dan remunerasi yang diterima oleh anggota Direksi dan Dewan between performance and remuneration received by members of the
Komisaris, serta melakukan benchmarking dengan perusahaan sejenis Board of Directors and the Board of Commissioners, and conducts
untuk memastikan daya saing dan kewajaran kebijakan remunerasi benchmarking against peer companies to ensure the competitiveness
Perseroan. and fairness of the Company’s remuneration policies.
PELAKSANAAN FUNGSI NOMINASI DAN REMUNERASI THE IMPLEMENTATION OF THE NOMINATION AND
REMUNERATION FUNCTIONS
Pelaksanaan fungsi Nominasi dan Remunerasi sepanjang tahun The implementation of the Nomination and Remuneration functions
2025 mencakup kegiatan nominasi dan seleksi calon Direksi dan throughout 2025 includes nomination and selection processes for
Dewan Komisaris Entitas Anak, pelaksanaan assessment untuk candidates of the Boards of Directors and Boards of Commissioners of
mengidentifikasi kebutuhan pengembangan kompetensi, serta Subsidiaries, assessments to identify competency development needs,
peninjauan dan penetapan kebijakan remunerasi yang disesuaikan as well as the review and determination of remuneration policies
dengan kinerja dan kondisi keuangan Perseroan. Melalui pelaksanaan aligned with the Company’s performance and financial condition.
fungsi tersebut, Dewan Komisaris memastikan bahwa proses nominasi Through these activities, the Board of Commissioners ensures that
dan remunerasi berjalan secara objektif, transparan, dan selaras nomination and remuneration processes are conducted in an objective,
dengan kepentingan jangka panjang Perseroan. transparent, and manner aligned with the Company’s long-term
interests.
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Tata Kelola Perusahaan
Corporate Governance
KOMITE DI BAWAH DIREKSI
COMMITTEES UNDER THE BOARD OF DIRECTORS
Dalam mendukung efektivitas pelaksanaan fungsi pengelolaan dan In supporting the effective implementation of management functions
pengambilan keputusan strategis, Direksi membentuk komite-komite and strategic decision-making, the Board of Directors establishes
di bawah Direksi sebagai perangkat pendukung dalam menjalankan committees under its authority as supporting instruments in carrying
tugas dan tanggung jawabnya. Pembentukan komite ini dilakukan out its duties and responsibilities. The establishment of these
untuk memastikan bahwa aspek-aspek strategis Perseroan, termasuk committees aims to ensure that the Company’s strategic aspects,
keberlanjutan, tata kelola, etika, serta manajemen risiko, dapat dikelola including sustainability, governance, ethics, and risk management, are
secara lebih terarah, sistematis, dan terintegrasi. managed in a more focused, systematic, and integrated manner.
Per 31 Desember 2025, Direksi Perseroan memiliki dua komite, yaitu As of December 31, 2025, the Board of Directors has established two
Komite Keberlanjutan & Keberagaman serta Komite Etik & Risiko. committees, namely the Sustainability & Diversity Committee and the
Kedua komite tersebut dibentuk berdasarkan piagam (charter) masing- Ethics & Risk Committee. Both committees are formed based on their
masing sebagai pedoman dalam pelaksanaan tugas, fungsi, dan respective charters as guidelines for carrying out their duties, functions,
tanggung jawabnya, serta bertanggung jawab langsung kepada Direksi and responsibilities, and are directly accountable to the Board of
dalam mendukung pencapaian tujuan Perseroan. Directors in supporting the achievement of the Company’s objectives.
KOMITE KEBERLANJUTAN & KEBERAGAMAN SUSTAINABILITY & DIVERSITY COMMITTEE
Dasar Pembentukan dan Peran Basis Of Establishment and Role
Komite Keberlanjutan & Keberagaman dibentuk oleh Direksi sebagai The Sustainability & Diversity Committee was established by the Board
bagian dari upaya memperkuat pengelolaan aspek keberlanjutan dan of Directors as part of the Company’s efforts to strengthen the integrated
keberagaman secara terintegrasi di seluruh kegiatan usaha Perseroan management of sustainability and diversity aspects across all business
dan Entitas Anak. Pembentukan komite ini sejalan dengan komitmen activities of the Company and its Subsidiaries. The establishment of this
Perseroan untuk menciptakan nilai jangka panjang bagi pemegang committee reflects the Company’s commitment to creating long-term
saham dan pemangku kepentingan melalui praktik bisnis yang value for shareholders and stakeholders through responsible business
bertanggung jawab. practices.
Komite ini berfungsi sebagai organ pendukung Direksi yang The Committee serves as a supporting organ of the Board of Directors
memberikan saran, rekomendasi, serta arahan strategis kepada by providing advice, recommendations, and strategic direction to
manajemen terkait pengelolaan keberlanjutan dan keberagaman. management regarding sustainability and diversity management. In
Dalam menjalankan perannya, Komite memastikan bahwa kebijakan performing its role, the Committee ensures that the Company’s policies
dan strategi Perseroan telah selaras dengan prinsip Lingkungan, and strategies are aligned with Environmental, Social, and Governance
Sosial, dan Tata Kelola (ESG), serta mendukung pencapaian tujuan (ESG) principles and support the achievement of the Company’s
keberlanjutan Perseroan secara berkelanjutan. sustainability objectives.
Ruang Lingkup dan Tanggung Jawab Scope and Responsibilities
Dalam menjalankan fungsinya, Komite Keberlanjutan & Keberagaman In carrying out its functions, the Sustainability & Diversity Committee’s
memiliki ruang lingkup tugas yang mencakup antara lain: scope of duties includes, among others:
• Memberikan masukan kepada Direksi terkait arah strategis • Providing input to the Board of Directors on the strategic direction
keberlanjutan dan keberagaman Perseroan; of sustainability and diversity;
• Menelaah dan mengevaluasi kebijakan serta inisiatif keberlanjutan, • Reviewing and evaluating sustainability policies and initiatives,
termasuk aspek lingkungan, sosial, dan tata kelola; including environmental, social, and governance aspects;
• Mendukung penyusunan strategi keberlanjutan jangka pendek, • Supporting the development of short-, medium-, and long-term
menengah, dan panjang; sustainability strategies;
• Memantau implementasi program keberlanjutan dan keberagaman • Monitoring the implementation of sustainability and diversity
di seluruh lini organisasi; programs across the organization;
• Mengidentifikasi peluang dan risiko terkait keberlanjutan yang • Identifying sustainability-related risks and opportunities that may
dapat memengaruhi kinerja dan reputasi Perseroan; serta affect the Company’s performance and reputation; and
• Mendorong integrasi prinsip keberlanjutan ke dalam proses • Promoting the integration of sustainability principles into business
pengambilan keputusan bisnis. decision-making processes.
Melalui peran tersebut, Komite berkontribusi dalam memastikan Through these roles, the Committee contributes to ensuring that
bahwa keberlanjutan tidak hanya menjadi inisiatif terpisah, tetapi sustainability is not merely a standalone initiative, but an integral part
menjadi bagian integral dari strategi dan operasional Perseroan. of the Company’s strategy and operations.
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Keanggotaan Membership
Komite Keberlanjutan & Keberagaman terdiri dari anggota Direksi The Sustainability & Diversity Committee consists of members of
dan/atau eksekutif senior Perseroan yang memiliki kompetensi dan the Board of Directors and/or senior executives of the Company who
pengalaman yang relevan dengan bidang keberlanjutan, tata kelola, possess relevant competencies and experience in sustainability,
serta pengelolaan organisasi. governance, and organizational management.
Ketentuan keanggotaan meliputi: Membership provisions include:
• Jumlah anggota sekurang-kurangnya 3 (tiga) orang; • A minimum of 3 (three) members;
• Anggota diangkat dan diberhentikan berdasarkan keputusan • Members are appointed and dismissed by the Board of Directors;
Direksi;
• Komite dipimpin oleh seorang Ketua yang ditunjuk dari anggota • The Committee is chaired by a Chairperson appointed from among
Komite; dan its members; and
• Masa jabatan anggota mengikuti ketentuan yang ditetapkan Direksi • The term of office of members follows the provisions set by the
serta dapat dievaluasi secara berkala untuk memastikan efektivitas Board of Directors and may be evaluated periodically to ensure the
kinerja Komite. effectiveness of the Committee’s performance.
Per 31 Desember 2025, anggota Komite adalah sebagai berikut: As of December 31, 2025, the composition of the Committee members
is as follows:
Ketua Komite/Direktur Utama | Chair of Committee/President Director Roy Arman Arfandy
Wakil Ketua Komite/Direktur Sustainability | Co-Chair of Committee/Director of Sustainability Lim Sian Choo
Anggota Komite/Direktur HSE | Member of Committee/Director of Health, Safety, and Environment Tonny H. Gultom
Anggota Komite/Direktur Operasional | Member of Committee/Director of Operations Younsel Evand Roos
Anggota Komite/ Head of External Relations | Member of Committee/ Head of External Relations Latif Supriadi
Profil Anggota Komite Non-Direksi Profile of Non-Director Committee Members
Latif Supriadi
Warga negara Indonesia, berdomisili di Bandung, An Indonesian citizen, domiciled in Bandung,
menyelesaikan pendidikan di Institut Manajemen he completed his education at the Indonesian
Koperasi Indonesia pada tahun 1998. Memiliki Institute of Cooperative Management in 1998.
pengalaman yang luas di bidang pengembangan He has extensive experience in community
dan pemberdayaan masyarakat, khususnya development and empowerment, particularly in
di industri pertambangan. Saat ini menjabat the mining industry. He currently serves as Head
sebagai Head of External Relations Perseroan of External Relations of the Company since August
sejak Agustus 2021, setelah sebelumnya menjabat 2021, having previously held the position of Senior
sebagai Senior Community Affairs Manager di Community Affairs Manager at PT Masmindo
PT Masmindo Dwi Area (Nusantara Resources Dwi Area (Nusantara Resources Limited) in 2021
Limited) pada tahun 2021 dan GM – CSR & and GM – CSR & Corporate Communication at PT
Corporate Communication di PT Dian Swastatika Dian Swastatika Sentosa Tbk (Sinar Mas Energy &
Sentosa Tbk (Sinar Mas Energy & Infrastructure) Infrastructure) from 2017 to 2020.
pada periode 2017–2020.
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Tata Kelola Perusahaan
Corporate Governance
Piagam Komite Keberlanjutan & Keberagaman
Sustainability & Diversity Committee Charter
Direksi telah menetapkan Piagam Komite Keberlanjutan & Keberagaman sebagai
pedoman kerja dalam pengelolaan aspek Lingkungan, Sosial, dan Tata Kelola
(ESG). Piagam ini mengatur peran, tanggung jawab, serta wewenang Komite dalam
memberikan arahan strategis kepada manajemen, termasuk dalam perumusan
kebijakan, pemantauan implementasi program, serta evaluasi kinerja keberlanjutan
Perseroan.
Melalui Piagam ini, Perseroan memastikan bahwa pengelolaan keberlanjutan
dilakukan secara terstruktur, terukur, dan selaras dengan kepentingan pemangku
kepentingan. Komite juga berperan dalam mengidentifikasi risiko dan peluang
ESG, serta mendorong integrasi prinsip keberlanjutan dalam setiap pengambilan
keputusan strategis guna mendukung penciptaan nilai jangka panjang.
The Board of Directors has established the Sustainability & Diversity Committee
Charter as a guideline for managing Environmental, Social, and Governance
(ESG) aspects. The Charter sets out the roles, responsibilities, and authorities of
the Committee in providing strategic direction to management, including policy
formulation, monitoring the implementation of programs, and evaluating the
Company’s sustainability performance.
Through this Charter, the Company ensures that sustainability management is
conducted in a structured, measurable, and stakeholder-aligned manner. The
Committee also plays a role in identifying ESG risks and opportunities, as well as
promoting the integration of sustainability principles into strategic decision-making
to support long-term value creation.
Piagam Komite Keberlanjutan & Keberagaman selengkapnya dapat
diakses di situs web Perseroan.
The full Sustainability & Diversity Committee Charter is available on the
Company’s website.
Mekanisme Kerja Working Mechanism
Dalam melaksanakan tugasnya, Komite Keberlanjutan & Keberagaman In carrying out its duties, the Sustainability & Diversity Committee holds
menyelenggarakan rapat secara berkala maupun insidental sesuai meetings on a regular and ad hoc basis as required. The outcomes of
kebutuhan. Hasil rapat dituangkan dalam risalah rapat yang menjadi these meetings are documented in minutes, which serve as the basis for
dasar rekomendasi kepada Direksi. recommendations to the Board of Directors.
Komite juga dapat melibatkan fungsi terkait di dalam Perseroan atau The Committee may also involve relevant internal functions or external
pihak eksternal apabila diperlukan untuk memperoleh masukan parties, where necessary, to obtain comprehensive input in the
yang komprehensif dalam pengambilan keputusan. Seluruh kegiatan decision-making process. All Committee activities are reported to the
Komite dilaporkan kepada Direksi sebagai bentuk akuntabilitas dan Board of Directors as a form of accountability and transparency in the
transparansi pelaksanaan tugas. execution of its duties.
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Kinerja Komite Keberlanjutan & Keberagaman Performance of the Sustainability & Diversity Committee
Sepanjang tahun 2025, Komite Keberlanjutan & Keberagaman telah Throughout 2025, the Sustainability & Diversity Committee effectively
menjalankan tugas dan tanggung jawabnya secara efektif sesuai carried out its duties and responsibilities in accordance with its Charter
dengan Piagam Komite serta arahan Direksi. and the directives of the Board of Directors.
Dalam periode pelaporan, Komite menyelenggarakan 4 (empat) kali During the reporting period, the Committee held 4 (four) meetings with
rapat dengan tingkat kehadiran mayoritas anggota. Rapat dilaksanakan majority attendance. These meetings were conducted regularly as a
secara berkala sebagai forum koordinasi dan pembahasan berbagai forum for coordination and discussion of various strategic sustainability-
isu strategis terkait keberlanjutan, termasuk isu-isu ESG, pemantauan related issues, including ESG matters, monitoring the follow-up of
tindak lanjut hasil audit keberlanjutan, serta pemberian rekomendasi sustainability audit findings, and providing recommendations to the
kepada Direksi terkait arah pengembangan usaha. Selain itu, Komite Board of Directors regarding business development directions. In
turut berkontribusi dalam penyusunan strategi jangka pendek, addition, the Committee contributed to the formulation of short-term,
menengah, dan panjang guna memastikan implementasi kebijakan medium-term, and long-term strategies to ensure that sustainability
keberlanjutan yang terukur dan selaras dengan tujuan Perseroan. policies are implemented in a measurable manner and aligned with the
Company’s objectives.
KOMITE ETIK & RISIKO ETHICS & RISK COMMITTEE
Dasar Pembentukan dan Peran Basis of Establishment and Role
Komite Etik & Risiko dibentuk oleh Direksi sebagai organ pendukung The Ethics & Risk Committee was established by the Board of Directors
dalam memperkuat penerapan etika bisnis dan pengelolaan risiko as a supporting organ to strengthen the implementation of business
Perseroan. Pembentukan komite ini bertujuan untuk memastikan ethics and the Company’s risk management. The establishment of this
bahwa seluruh kegiatan usaha dijalankan sesuai dengan prinsip Committee aims to ensure that all business activities are conducted in
integritas, kepatuhan, serta manajemen risiko yang efektif. accordance with the principles of integrity, compliance, and effective
risk management.
Komite berperan dalam membantu Direksi melakukan pengawasan The Committee assists the Board of Directors in performing
dan memberikan masukan terkait implementasi Pedoman Etika oversight and providing input regarding the implementation of the
dan Perilaku Perusahaan, serta efektivitas proses manajemen risiko. Company’s Code of Ethics and Conduct, as well as the effectiveness
Selain itu, Komite juga berfungsi sebagai mitra strategis Direksi dalam of risk management processes. In addition, the Committee serves as
mengidentifikasi, mengevaluasi, dan memitigasi risiko yang berpotensi a strategic partner to the Board of Directors in identifying, evaluating,
memengaruhi kinerja dan keberlanjutan usaha Perseroan. and mitigating risks that may affect the Company’s performance and
business sustainability.
Ruang Lingkup dan Tanggung Jawab Scope and Responsibilities
Dalam menjalankan fungsinya, Komite Etik & Risiko memiliki ruang In carrying out its functions, the Ethics & Risk Committee’s scope of
lingkup tugas yang mencakup 2 (dua) aspek utama, yaitu etika dan duties covers 2 (two) main aspects, namely ethics and risk management.
manajemen risiko.
Pada aspek etika, Komite bertanggung jawab antara lain untuk In the area of ethics, the Committee is responsible, among
menelaah dugaan pelanggaran Pedoman Etika dan Perilaku Perusahaan, others, for reviewing alleged violations of the Company’s Code
mengelola mekanisme Whistleblowing System, melakukan investigasi of Ethics and Conduct, managing the Whistleblowing System,
dan pengumpulan informasi, serta memberikan rekomendasi kepada conducting investigations and information gathering, and providing
Direksi atas hasil penelaahan tersebut. Komite juga berperan sebagai recommendations to the Board of Directors based on its findings. The
penasihat etika dalam rangka pencegahan, edukasi, dan penegakan Committee also acts as an ethics advisor in promoting prevention,
kepatuhan terhadap standar etika di lingkungan Perseroan. education, and enforcement of ethical standards within the Company.
Pada aspek manajemen risiko, Komite memberikan masukan kepada In the area of risk management, the Committee provides input to the
Direksi terkait risk appetite dan risk tolerance, prioritas penanganan Board of Directors regarding risk appetite and risk tolerance, priorities
risiko beserta rencana mitigasinya, serta kecukupan proses manajemen in risk handling along with the required mitigation plans, and the
risiko. Komite juga melakukan analisis atas potensi risiko, baik yang adequacy of risk management processes. The Committee also analyzes
berasal dari proyek berjalan maupun pengembangan usaha baru, potential risks arising from both existing projects and new business
serta memberikan rekomendasi yang diperlukan untuk meningkatkan developments, and provides recommendations to enhance the
efektivitas pengelolaan risiko Perseroan. effectiveness of the Company’s risk management.
Keanggotaan Membership
Komite Etik & Risiko terdiri dari perwakilan berbagai fungsi di The Ethics & Risk Committee consists of representatives from various
Perseroan, yang mencerminkan kompetensi yang relevan di bidang functions within the Company, reflecting relevant competencies in
etika, kepatuhan, operasional, serta manajemen risiko. ethics, compliance, operations, and risk management.
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Tata Kelola Perusahaan
Corporate Governance
Ketentuan keanggotaan meliputi: Membership provisions include:
• Komite dipimpin oleh salah satu anggota Direksi yang memiliki • The Committee is chaired by a member of the Board of Directors
pemahaman yang memadai terkait Pedoman Etika dan Perilaku who has adequate understanding of the Company’s Code of Ethics
Perusahaan serta pengelolaan risiko; and Conduct and risk management;
• Anggota Komite berasal dari berbagai fungsi perusahaan; • Members are drawn from various corporate functions;
• Masa jabatan anggota mengikuti masa jabatan dalam fungsi • The term of office of members follows their respective functional
masing-masing; dan roles; and
• Komposisi anggota dan profilnya diungkapkan dalam Laporan • The composition and profiles of members are disclosed in
Tahunan dan situs web Perseroan sebagai bentuk transparansi. the Annual Report and on the Company’s website as part of
transparency.
Sehubungan dengan pengunduran diri Mordekhai Aruan dari Perseroan Following the resignation of Mordekhai Aruan from the Company,
yang sekaligus mengakhiri jabatannya sebagai Ketua Komite Etik & which consequently ended his tenure as a Chair of the Ethics & Risk
Risiko, Perseroan menetapkan perubahan susunan Komite Etik & Risiko Committee, the Company revised the composition of the Ethics & Risk
berdasarkan Surat Keputusan Direksi No. 145/S/LGL/TBP/VIII/2025 Committee pursuant to Board of Directors Decree No. 145/S/LGL/TBP/
dengan mengangkat Tonny H. Gultom sebagai Ketua Komite. Dengan VIII/2025 by appointing Tonny H. Gultom as Chairman of the Committee.
demikian, susunan keanggotaan Komite Etik & Risiko per 31 Desember Accordingly, the composition of the Ethics & Risk Committee as of
2025 adalah sebagai berikut: December 31, 2025 was as follows:
Ketua Komite/Direktur HSE | Chair of Committee/Director of Health, Safety, and Environment Tonny H. Gultom
Wakil Ketua Komite/Direktur Utama | Co-Chair of Committee/President Director Roy Arman Arfandy
Anggota Komite/Head of Mine Planning and Exploration | Member of Committee/ Department Head of Mine Planning and Exploration Robby Irfan Rafianto
Anggota Komite/Head of Logistic and Head of HR&GA | Member of Committee/ Department Head of Logistic and Head of HR&GA Rivan Lie
Anggota Komite/Direktur Keuangan | Member of Committee/ Director of Finance Suparsin Darmo Liwan
Profil Anggota Komite Non-Direksi Profile of Non-Director Committee Members
Robby Irfan Rafianto
Warga negara Indonesia, berdomisili di Jakarta, An Indonesian citizen, domiciled in Jakarta, with
dengan pengalaman lebih dari dua dekade di over two decades of experience in the mining
industri pertambangan, khususnya di bidang industry, particularly in exploration, mineral
eksplorasi, perencanaan sumber daya mineral, resource planning, and production. He has served
dan produksi. Menjabat sebagai anggota Komite as a member of the Ethics & Risk Committee
Etik & Risiko sejak 6 Januari 2023, dengan peran since January 6, 2023, contributing to the
dalam mendukung penerapan prinsip tata kelola implementation of good corporate governance
perusahaan yang baik, standar etika bisnis, serta principles, business ethics, and effective
pengelolaan risiko operasional yang efektif. Saat operational risk management. He currently
ini beliau menjabat Kepala Departemen Eksplorasi also serves as Department Head of Exploration
dan Pengembangan Tambang dan sebagai and Mine Development and also as President
Komisaris Utama PT Halmahera Jaya Feronikel, Commissioner of PT Halmahera Jaya Feronikel,
serta Direktur Utama di PT Jikodolong Megah as well as President Director of PT Jikodolong
Pertiwi dan PT Obi Anugerah Mineral. Sebelumnya, Megah Pertiwi and PT Obi Anugerah Mineral. Prior
beliau menjabat sebagai General Manager to joining Harita Nickel, he served as General
Exploration di PT Vale Indonesia Tbk pada periode Manager Exploration at PT Vale Indonesia Tbk
2005–2009. Beliau meraih gelar Sarjana Teknik (2005–2009). He earned a Bachelor’s degree
Geologi dari Universitas Pembangunan Nasional in Geological Engineering from Universitas
“Veteran” Yogyakarta pada tahun 1995. Pembangunan Nasional “Veteran” Yogyakarta in
1995.
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Rivan Lie
Warga negara Indonesia, berdomisili di Jakarta. An Indonesian citizen, domiciled in Jakarta,
Memiliki pengalaman yang luas di bidang logistik, with extensive experience in logistics, human
sumber daya manusia, dan administrasi umum. resources, and general administration. He
Saat ini menjabat sebagai anggota Komite Etik has served as a member of the Ethics & Risk
& Risiko sejak 6 Januari 2023, dengan peran Committee since January 6, 2023, contributing to
dalam mendukung penerapan prinsip tata kelola the implementation of good corporate governance
perusahaan yang baik, standar etika, serta principles, ethical standards, and operational risk
pengelolaan risiko operasional. Selain itu juga management. In addition, he has been serving
menjabat sebagai Kepala Departemen Sumber as Department Head of Human Resources and
Daya Manusia dan Umum Harita Group sejak 2013. General Affairs at Harita Group since 2013. He
Meraih gelar Magister Manajemen dari Universitas earned a Master’s degree in Management from the
Indonesia pada tahun 2014. University of Indonesia in 2014.
Piagam Komite Etik & Risiko
Ethics & Risk Committee Charter
Perseroan telah menetapkan Piagam Komite Etik & Risiko sebagai pedoman kerja
dalam pelaksanaan fungsi etika dan manajemen risiko. Piagam ini mengatur visi,
misi, tujuan, serta tugas dan tanggung jawab Komite dalam mendukung Direksi
menjalankan fungsi pengawasan dan pengelolaan risiko secara efektif. Melalui
Piagam ini, Perseroan memastikan bahwa pengelolaan etika dan risiko dilakukan
secara sistematis, transparan, dan akuntabel, serta selaras dengan ketentuan
peraturan perundang-undangan dan prinsip tata kelola perusahaan yang baik.
The Company has established the Ethics & Risk Committee Charter as a guideline
for the implementation of ethics and risk management functions. The Charter sets
out the vision, mission, objectives, as well as the duties and responsibilities of the
Committee in supporting the Board of Directors in carrying out oversight and risk
management effectively. Through this Charter, the Company ensures that ethics
and risk management are conducted in a systematic, transparent, and accountable
manner, in line with applicable laws and regulations and the principles of good
corporate governance.
Piagam Komite Etik & Risiko selengkapnya dapat diakses di situs web Perseroan.
The full Ethics & Risk Committee Charter is available on the Company’s website.
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Tata Kelola Perusahaan
Corporate Governance
Mekanisme Kerja Working Mechanism
Dalam melaksanakan tugasnya, Komite Etik & Risiko menyelenggarakan In carrying out its duties, the Ethics & Risk Committee holds meetings
rapat secara berkala sekurang-kurangnya 4 (empat) kali dalam satu on a regular basis at least 4 (four) times a year, and may convene
tahun, serta dapat mengadakan rapat tambahan apabila diperlukan. additional meetings if necessary. Meetings are chaired by the
Rapat dipimpin oleh Ketua Komite dan dilaksanakan dengan memenuhi Committee Chair and conducted in accordance with the required
kuorum yang ditetapkan. quorum.
Pengambilan keputusan dilakukan berdasarkan musyawarah untuk Decisions are made based on deliberation for consensus, and where
mufakat, dan apabila tidak tercapai, dilakukan melalui mekanisme consensus cannot be reached, through a voting mechanism. Each
pemungutan suara. Setiap rapat dituangkan dalam risalah rapat yang meeting is documented in minutes that are properly recorded and
didokumentasikan secara tertib dan disampaikan kepada Direksi submitted to the Board of Directors as part of the reporting and
sebagai bagian dari proses pelaporan dan akuntabilitas. accountability process.
Kinerja Komite Etik & Risiko Performance of the Ethics & Risk Committee
Sepanjang tahun 2025, Komite Etik & Risiko telah melaksanakan Throughout 2025, the Ethics & Risk Committee carried out its functions
fungsi dan tanggung jawabnya sesuai dengan Piagam Komite dan and responsibilities in accordance with the Committee Charter and the
arahan Direksi dalam mendukung penerapan etika, kepatuhan, dan directives of the Board of Directors in supporting the implementation of
manajemen risiko di lingkungan Perseroan. ethics, compliance, and risk management within the Company.
Selama periode pelaporan, Komite menyelenggarakan 4 (empat) kali During the reporting period, the Committee conducted 4 (four)
rapat yang dihadiri oleh mayoritas anggota Komite. Rapat tersebut meetings attended by the majority of Committee members. These
menjadi forum koordinasi dan pembahasan berbagai isu strategis meetings served as coordination and discussion forums for various
terkait etika, kepatuhan, dan pengelolaan risiko Perseroan. strategic issues related to ethics, compliance, and the Company’s risk
management.
Dalam pelaksanaan tugasnya, Komite melakukan pembahasan dan In carrying out its duties, the Committee discussed and evaluated the
evaluasi terhadap kecukupan proses pengelolaan risiko, termasuk adequacy of risk management processes, including risk measurement
metode pengukuran risiko, efektivitas pengendalian, serta pelaksanaan methods, the effectiveness of controls, and the implementation of risk
rencana mitigasi risiko oleh masing-masing risk owner. Komite juga mitigation plans by each risk owner. The Committee also discussed risk
melakukan pembahasan atas prioritas penanganan risiko dan langkah handling priorities and the necessary mitigation measures to support
mitigasi yang diperlukan guna mendukung efektivitas pengendalian the effectiveness of internal controls and the Company’s business
internal dan ketahanan usaha Perseroan. resilience.
Selain aspek manajemen risiko, Komite turut melakukan pemantauan In addition to risk management matters, the Committee also monitored
terhadap pelaksanaan program pelatihan dan sosialisasi terkait the implementation of training and socialization programs related to
etika, kepatuhan, dan budaya integritas sebagai bagian dari upaya ethics, compliance, and integrity culture as part of efforts to strengthen
memperkuat penerapan tata kelola perusahaan yang baik di seluruh the implementation of good corporate governance throughout the
lini organisasi. organization.
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SEKTRETARIS PERUSAHAAN
CORPORATE SECRETARY
Sebagai organ pendukung Direksi, Sekretaris Perusahaan memegang As a supporting organ of the Board of Directors, the Corporate Secretary
peran strategis dalam memastikan terlaksananya prinsip keterbukaan, plays a strategic role in ensuring transparency, compliance with
kepatuhan terhadap peraturan perundang-undangan di bidang Pasar capital market regulations, and the strengthening of GCG practices. In
Modal, serta penguatan praktik GCG. Sejalan dengan ketentuan POJK accordance with POJK No. 35/POJK.04/2014, the Company appoints a
No. 35/POJK.04/2014, Perseroan menunjuk Sekretaris Perusahaan Corporate Secretary to act as a liaison between the Company and the
sebagai penghubung antara Perseroan dengan OJK, BEI, pemegang FSA, the IDX, shareholders, investors, and other stakeholders. Through
saham, investor, serta pemangku kepentingan lainnya. Melalui fungsi its coordination function, management of information disclosure,
koordinasi, pengelolaan keterbukaan informasi, penyelenggaraan organization of General Meetings of Shareholders, and support
RUPS, serta dukungan terhadap efektivitas komunikasi korporat, for effective corporate communication, the Corporate Secretary
Sekretaris Perusahaan berkontribusi dalam menjaga reputasi, contributes to safeguarding the Company’s reputation, credibility, and
kredibilitas, dan akuntabilitas Perseroan secara berkelanjutan. accountability on a sustainable basis.
Sekretaris Perusahaan diangkat dan diberhentikan berdasarkan The Corporate Secretary is appointed and dismissed by the Board
keputusan Direksi dengan persetujuan Dewan Komisaris. Dalam of Directors with the approval of the Board of Commissioners. In
menjalankan tugasnya, Sekretaris Perusahaan bertanggung jawab dan performing its duties, the Corporate Secretary is directly responsible to
melaporkan pelaksanaan tugasnya secara langsung kepada Direksi. and reports to the Board of Directors.
Setiap pengangkatan dan pemberhentian Sekretaris Perusahaan Any appointment or dismissal of the Corporate Secretary is reported to
dilaporkan kepada Otoritas Jasa Keuangan serta diumumkan melalui the Financial Services Authority (OJK) and disclosed on the Company’s
situs web Perseroan paling lambat 2 (dua) hari kerja sejak tanggal website no later than 2 (two) working days after the effective date of
efektif pengangkatan atau pemberhentian tersebut. such appointment or dismissal.
PROFIL SEKRETARIS PERUSAHAAN PROFILE OF CORPORATE SECRETARY
Sekretaris Perusahaan Perseroan dijabat oleh Franssoka Yunus The Company’s Corporate Secretary position was held by Franssoka
Sumarwi yang diangkat berdasarkan Surat Keputusan Direksi No. 116/ Yunus Sumarwi, who was appointed based on the Board of Directors’
LGL-TBP/XI/2022 tanggal 29 November 2022. Efektif sejak 12 Desember Decree No. 116/LGL-TBP/XI/2022 dated November 29, 2022. Effective
2025, Franssoka Yunus Sumarwi mengajukan pengunduran diri. Hingga December 12, 2025, Franssoka Yunus Sumarwi submitted his
31 Desember 2025, Perseroan belum melakukan penunjukan Sekretaris resignation. As of December 31, 2025, the Company has not appointed
Perusahaan yang baru. a new Corporate Secretary.
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Tata Kelola Perusahaan
Corporate Governance
Franssoka Yunus Sumarwi
Sekretaris Perusahaan
Corporate Secretary
Dasar Hukum Surat Keputusan Direksi No. 116/LGL-TBP/XI/2022 Decree of the Board of Directors No. 116/LGL-TBP/
Pengangkatan tanggal 29 November 2022 XI/2022 dated November 29, 2022
Legal Basis of
Appointment
Riwayat Pendidikan • Master of Business Administration dari • Master of Business Administration from Gadjah
Educational Background Universitas Gadjah Mada (2015) Mada University (2015)
• Sarjana Hukum dari Universitas Trisakti (2010) • Bachelor of Law from Trisakti University (2010)
Pengalaman Kerja • Legal Manager & Corporate Secretary • Legal Manager & Corporate Secretary
Work Experience PT Trimegah Bangun Persada Tbk, (2018 - 12 PT Trimegah Bangun Persada Tbk, (2018 –
Desember 2025) December 12, 2025)
• Corporate Legal Counsel PETRONAS Carigali • Corporate Legal Counsel PETRONAS Carigali
Indonesia Operation, PETRONAS Carigali (Kuala Indonesia Operation, PETRONAS Carigali (Kuala
Lumpur, Malaysia), (2013 – 2018) Lumpur, Malaysia), (2013 – 2018)
• Legal Officer PT Asahimas Flat Glass Tbk (AGC • Legal Officer PT Asahimas Flat Glass Tbk (AGC
Group), (2011 – 2013) Group), (2011 – 2013)
Kewarganegaraan • Associates, Makes & Partners Law Firm, (2010 – • Associates, Makes & Partners Law Firm, (2010 –
Citizenship 2011) 2011)
Indonesia Rangkap Jabatan Corporate Legal Manager Perseroan sejak 2018 Corporate Legal Manager of the Company since
Concurrent Positions 2018
Usia Sertifikasi Indonesian Licensed Advocate Indonesian Licensed Advocate
Age Certification Sejak 2016 Since 2016
38
tahun | years old
Tugas dan Tanggung
Jawab
Duties and Responsibilities
Tugas dan tanggung jawab Sekretaris Perusahaan Perseroan mengacu pada The duties and responsibilities of the Company’s Corporate Secretary refer
ketentuan Peraturan OJK No. 35/POJK.04/2014 serta ketentuan lain yang to the provisions of OJK Regulation No. 35/POJK.04/2014 as well as other
diatur dalam keputusan pengangkatannya. Dalam menjalankan fungsinya, requirements set out in the appointment decree. In carrying out its function,
Sekretaris Perusahaan bertanggung jawab untuk mengikuti perkembangan the Corporate Secretary is responsible for keeping abreast of developments
pasar modal, khususnya terkait peraturan perundang-undangan yang in the capital market, particularly applicable laws and regulations, and for
berlaku, serta memberikan masukan kepada Direksi dan Dewan Komisaris providing input to the Board of Directors and the Board of Commissioners to
guna memastikan kepatuhan terhadap ketentuan tersebut. ensure compliance with such regulations.
Selain itu, Sekretaris Perusahaan berperan dalam mendukung pelaksanaan In addition, the Corporate Secretary plays a role in supporting the GCG
GCG, antara lain melalui pengelolaan keterbukaan informasi kepada publik, implementation, including managing public disclosure, ensuring the
termasuk penyediaan informasi pada situs web Perseroan, penyampaian availability of information on the Company’s website, submitting reports
laporan kepada OJK secara tepat waktu, serta penyelenggaraan dan to the OJK in a timely manner, and organizing and documenting the
dokumentasi RUPS, rapat Direksi, dan/atau rapat Dewan Komisaris. GMS, meetings of the Board of Directors, and/or meetings of the Board of
Sekretaris Perusahaan juga berperan dalam pelaksanaan program orientasi Commissioners. The Corporate Secretary also supports the implementation
bagi anggota Direksi dan/atau Dewan Komisaris yang baru. Lebih lanjut, of orientation programs for newly appointed members of the Board of
Sekretaris Perusahaan bertindak sebagai penghubung antara Perseroan Directors and/or the Board of Commissioners.Furthermore, the Corporate
dengan pemegang saham, OJK, serta pemangku kepentingan lainnya dalam Secretary acts as a liaison between the Company and its shareholders,
rangka memastikan komunikasi yang efektif dan transparan. the OJK, as well as other stakeholders, to ensure effective and transparent
communication.
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Ringkasan Pelaksanaan Kegiatan
Sekretaris Perusahaan Tahun
2025
Summary of Corporate Secretary Activities in 2025
Sepanjang tahun 2025, Sekretaris Perusahaan telah melaksanakan berbagai Throughout 2025, the Corporate Secretary carried out various duties
tugas dan tanggung jawabnya dalam mendukung kepatuhan terhadap and responsibilities in supporting compliance with applicable laws and
peraturan perundang-undangan serta kelancaran komunikasi antara regulations, as well as facilitating effective communication between the
Perseroan dan pemangku kepentingan. Company and its stakeholders.
Dalam pelaksanaannya, Sekretaris Perusahaan secara aktif mengikuti In performing these duties, the Corporate Secretary actively monitored
perkembangan regulasi di bidang pasar modal serta memastikan kepatuhan developments in capital market regulations and ensured the Company’s
Perseroan terhadap ketentuan yang diterbitkan oleh OJK, BEI, dan regulator compliance with provisions issued by the OJK, IDX, and other relevant
terkait lainnya. Selain itu, Sekretaris Perusahaan menyelenggarakan dan regulators. In addition, the Corporate Secretary organized and administered
mengadministrasikan RUPST Tahun Buku 2024 serta Paparan Publik pada the AGMS for fiscal year 2024 and the Public Expose held on June 18, 2025,
tanggal 18 Juni 2025, serta mendukung penyelenggaraan dan dokumentasi as well as supported the organization and documentation of meetings of the
rapat Direksi, rapat Dewan Komisaris, dan rapat gabungan Direksi dan Board of Directors, the Board of Commissioners, and joint meetings of the
Dewan Komisaris. Board of Directors and the Board of Commissioners.
Sekretaris Perusahaan juga melaksanakan keterbukaan informasi atas The Corporate Secretary also carried out public disclosure of the Company’s
kegiatan korporasi Perseroan, termasuk pembagian dividen tunai dan corporate actions, including the distribution of cash dividends and certain
transaksi afiliasi tertentu, serta menyampaikan laporan berkala dan affiliated transactions, and submitted periodic and incidental reports to
insidental kepada regulator sesuai dengan ketentuan yang berlaku. Di regulators in accordance with applicable regulations. Furthermore, the
samping itu, Sekretaris Perusahaan secara responsif menindaklanjuti Corporate Secretary responded promptly to inquiries from regulators, both
dan menjawab pertanyaan dari regulator, baik OJK maupun BEI, melalui OJK and IDX, through direct and public correspondence.
korespondensi langsung maupun publik secara tepat waktu.
PROGRAM PENGEMBANGAN KOMPETENSI COMPETENCE DEVELOPMENT PROGRAM
Pada tahun 2025, Sekretaris Perusahaan mengikuti program pelatihan/ In 2025, the Corporate Secretary participated in training/seminar
seminar dalam rangka meningkatan kompetensi dan pengetahuannya programs to develop his competency and knowledge of applying
tentang penerapan peraturan di bidang pasar modal untuk menunjang capital market regulations in order to support the implementation of
pelaksanaan tugas-tugasnya sebagai berikut: his duties as follows:
No. Program Tanggal Penyelenggara
Program Date Organizer
1 Pembukaan Perdagangan BEI Tahun 2025 2 Januari | January 2 OJK BEI
IDX Trading Opening Ceremony 2025
2 Sosialisasi POJK Nomor 45 Tahun 2024 tentang Pengembangan dan Penguatan Emiten dan Perusahaan 6 Februari | February 6 OJK
Publik
Socialization of OJK Regulation No. 45 of 2024 concerning the Development and Strengthening of
Issuers and Public Companies
3 Outlook Ekonomi dan Keuangan di Tahun 2025 20 Februari | February 20 OJK Institute
Economic and Financial Outlook in 2025
4 ESG Disclosure: Peran Corporate Secretary dalam Penyampaian ESG Metrics melalui SPE-IDXnet 24 Februari | February 24 ICSA
ESG Disclosure: The Role of the Corporate Secretary in Delivering ESG Metrics through SPE-IDXnet
5 POJK Nomor 9 Tahun 2023 dan SEOJK Nomor 18/SEOJK.03/2023 19 Maret | March 19 ICSA
OJK Regulation No. 9 of 2023 and SEOJK No. 18/SEOJK.03/2023
6 Peran Corporate Secretary dalam Mendorong Governansi, Manajemen Risiko, dan Kepatuhan (GRK) 17 April | April 17 ICSA
yang Baik
The Role of the Corporate Secretary in Promoting Good Governance, Risk Management, and
Compliance (GRC)
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Tata Kelola Perusahaan
Corporate Governance
No. Program Tanggal Penyelenggara
Program Date Organizer
7 Pendalaman Peraturan Nomor I-E tentang Kewajiban Penyampaian Informasi 22 April | April 22 ICSA
In-Depth Discussion on Regulation No. I-E regarding Information Disclosure Obligations
8 OJK In-House Training: Peningkatan Pemahaman Proses Bisnis IPO yang Dilakukan oleh PEE dan 23 Mei | May 23 OJK
Emiten Dalam Rangka Pemenuhan Ketentuan Regulator
OJK In-House Training: Enhancing Understanding of IPO Business Processes Conducted by Securities
Underwriters and Issuers in Compliance with Regulatory Requirements
9 Navigating Global Dynamics The Resilience of Indonesia's Economic and Financial Systems 8 Juli | July 8 KSEI
10 Pendalaman POJK Nomor 4 Tahun 2024 tentang Laporan Kepemilikan Atau Setiap Perubahan 9 Juli | July 9 ICSA
Kepemilikan Saham Perusahaan Terbuka dan Laporan Aktivitas Menjaminkan Saham Perusahan
In-Depth Discussion on OJK Regulation No. 4 of 2024 concerning Reports on Share Ownership or
Changes in Share Ownership of Public Companies and Reports on Share Pledging Activities
11 Webinar e-RUPS & eASY.KSEI: Solusi Modern Tata Kelola RUPS 9 September | September 9 OJK
Webinar on e-RUPS & eASY.KSEI: Modern Solutions for GMS Governance
12 Pelatihan Hak Asasi Manusia 22-23 September | FIHRRST
Human Rights Training September 22-23
13 Dialog Pelaku Pasar Modal Bersama Menteri Keuangan Republik Indonesia 9 Oktober | October 9 OJK BEI
Capital Market Stakeholders Dialogue with the Minister of Finance of the Republic of Indonesia
14 Integrasi Cyber Security dalam Good Corporate Governance (GCG): Peran Penting Corporate Secretary 29 Oktober | October 29 OJK
Integrating Cyber Security into Good Corporate Governance (GCG): The Important Role of the Corporate
Secretary
15 From Compliance to Confidence: Redefining ACGS through ESG and Digital Governance 7 November | November 7 KSEI
16 Pendalaman POJK Nomor 42 Tahun 2020 tentang Transaksi Afiliasi dan Transaksi Benturan 2 Desember | December 2 ICSA
Kepentingan
In-Depth Discussion on OJK Regulation No. 42 of 2020 concerning Affiliated Transactions and Conflict of
Interest Transactions
17 IDX-GRI-AEI: Human Rights Due Diligence 9 Desember | December 9 BEI AEI
18 Peraturan Bursa I-A Pencatatan Saham dan Efek Bersifat Ekuitas Selain Saham yang Diterbitkan oleh 9 Desember | December 9 ICSA
Perusahaan Tercatat
Exchange Regulation I-A on the Listing of Shares and Equity Securities Other than Shares Issued by
Listed Companies
19 Kewajiban Penyampaian Laporan Kepemilikan atau Setiap Perubahan Kepemilikan Saham serta 19 Desember | December 19 OJK
Laporan Aktivitas Menjaminkan Saham Secara Elektronik
Obligation to Electronically Submit Reports on Share Ownership or Changes in Share Ownership and
Reports on Share Pledging Activities
Catatan | Notes
OJK Otoritas Jasa Keuangan | Financial Services Authority (FSA)
BEI Bursa Efek Indonesia | Indonesia Stock Exchange (IDX)
ICSA Indonesia Corporate Secretary Association
KSEI Kustodian Sentral Efek Indonesia |The Indonesia Central Securities Depository
FIHRRST Foundation for International Human Rights Reporting Standards
AEI Asosiasi Emiten Indonesia | Indonesian Public Listed Companies Association
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INVESTOR RELATIONS
INVESTOR RELATIONS
Sebagai fungsi pendukung Direksi, Investor Relations berperan dalam As a supporting function of the Board of Directors, Investor Relations
membangun dan menjaga hubungan yang efektif antara Perseroan plays a role in building and maintaining effective relationships between
dengan komunitas pasar modal, termasuk investor, analis, serta the Company and the capital market community, including investors,
lembaga keuangan. analysts, and financial institutions.
Dalam menjalankan perannya, Investor Relations bertanggung jawab In carrying out its role, Investor Relations is responsible for fostering
untuk membina hubungan yang harmonis dengan pelaku pasar modal, strong relationships with capital market participants, managing and
mengelola dan menganalisis informasi strategis Perseroan, khususnya analyzing the Company’s strategic information, particularly those
yang berkaitan dengan kinerja industri dan keuangan, serta menyusun related to industry and financial performance, and preparing relevant
laporan yang relevan bagi pemangku kepentingan. Selain itu, Investor reports for stakeholders. In addition, Investor Relations develops
Relations juga mengembangkan jalur komunikasi yang konsisten guna consistent communication channels to strengthen engagement with
memperkuat hubungan dengan investor dan calon investor. existing and prospective investors.
Melalui penyampaian informasi yang akurat, transparan, dan Through the delivery of accurate, transparent, and comprehensive
komprehensif, Investor Relations berperan dalam membangun information, Investor Relations contributes to building trust and
kepercayaan serta memperkuat citra Perseroan di lingkungan pasar enhancing the Company’s image within the financial and capital
keuangan dan pasar modal. markets.
PROFIL HEAD OF INVESTOR RELATIONS PROFILE OF HEAD OF INVESTOR RELATIONS
Lukito Gozali
Head of Investor Relations
Dasar Hukum Surat Keputusan No. 035/HRD-TBP/PK/VII/2023 Decision Letter No. 035/HRD-TBP/PK/VII/2023
Pengangkatan
Legal Basis of
Appointment
Riwayat Pendidikan • Master of Business Administration in Finance • Master of Business Administration in Finance
Educational Background dari University of Portland, Oregon, USA (2001– from University of Portland, Oregon, USA (2001–
2002) 2002)
• Bachelor of Art in Economics dari University of • Bachelor of Art in Economics from University of
Oregon, Oregon, USA (1997–2000) Oregon, Oregon, USA (1997–2000)
Pengalaman Kerja • Head of Investor Relations PT Trimegah Bangun • Head of Investor Relations PT Trimegah Bangun
Work Experience Persada Tbk (2023–saat ini) Persada Tbk (2023–present)
• Head of Investor Relations PT Kalbe Farma Tbk • Head of Investor Relations PT Kalbe Farma Tbk
(2018–2023) (2018–2023)
• Head of Investor Relations PT Nippon Indosari • Head of Investor Relations PT Nippon Indosari
Corpindo Tbk (2018) Corpindo Tbk (2018)
Kewarganegaraan • Head of Investor Relations PT Erajaya • Head of Investor Relations PT Erajaya
Citizenship Swasembada Tbk (2011–2018) Swasembada Tbk (2011–2018)
• Corporate Secretary PT Agranet Multicitra • Corporate Secretary at PT Agranet Multicitra
Indonesia Siberkom – Detikcom (2007–2011) Siberkom - Detikcom (2007–2011)
• Head of Investor Relations PT Ramayana Lestari • Head of Investor Relations PT Ramayana Lestari
Sentosa Tbk (2004–2007) Sentosa Tbk (2004–2007)
Usia
Age Rangkap Jabatan Tidak memiliki rangkap jabatan di dalam He has no concurrent position in the Company and
Concurrent Positions Perseroan maupun di perusahaan lain. in other company.
46
tahun | years old
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Tata Kelola Perusahaan
Corporate Governance
Pelaksanaan Tugas Investor Relations Tahun 2025
Investor Relations Activities In 2025
Pada tahun 2025, Investor Relations secara aktif memfasilitasi berbagai kegiatan
komunikasi dengan komunitas pasar modal, antara lain melalui penyelenggaraan
roadshow, analyst meeting, investor conference, serta kegiatan lainnya sebagai
sarana penyampaian informasi Perseroan kepada pelaku pasar keuangan, dengan
rincian sebagai berikut:
In 2025, Investor Relations actively facilitated various engagements with the capital
market community, including roadshows, analyst meetings, investor conferences,
and other activities as a means of delivering Company information to the financial
community, as detailed below:
No. Acara Tanggal (2025) Lokasi
Event Date (2025) Venue
1 DBS Conference 8 Januari | January 8 Singapura | Singapore
2 Mandiri Investment Forum 14 Februari | February 14 Jakarta
3 Citigroup Conference 27 Agustus | August 27 Online
4 CLSA Conference 8 September | September 8 Hong Kong
5 CICC Roadshow 9 September | September 9 Hong Kong
6 4x Quarterly Earnings Call Januari - Desember Online
January - December
7 75x Analyst Meeting Januari - Desember Online/Offline
January - December
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DEPARTEMEN AUDIT INTERNAL
INTERNAL AUDIT DEPARTMENT
Audit internal merupakan fungsi independen dan objektif yang Internal audit is an independent and objective function that provides
memberikan assurance dan konsultasi kepada manajemen untuk assurance and consulting services to management in order to add value
meningkatkan nilai tambah serta memperkuat efektivitas pengendalian and improve the effectiveness of internal control, risk management, and
internal, manajemen risiko, dan tata kelola perusahaan. Melalui fungsi corporate governance processes. Through this function, the Company
ini, Perseroan memastikan bahwa kegiatan operasional berjalan secara ensures that its operations are conducted effectively, efficiently, and in
efektif, efisien, serta sesuai dengan kebijakan internal dan ketentuan compliance with internal policies and applicable laws and regulations.
peraturan perundang-undangan yang berlaku.
PEMBENTUKAN DEPARTEMEN AUDIT INTERNAL ESTABLISHMENT OF THE INTERNAL AUDIT DEPARTMENT
Pembentukan Departemen Audit Internal (“DAI”) Perseroan mengacu The establishment of the Company’s Internal Audit Department (“IAD”)
pada Peraturan Otoritas Jasa Keuangan Nomor 56/POJK.04/2015 refers to Financial Services Authority Regulation No. 56/POJK.04/2015
tentang Pembentukan dan Pedoman Penyusunan Piagam Unit concerning the Establishment and Guidelines for the Preparation of the
Audit Internal. DAI dibentuk sebagai bagian dari penguatan sistem Internal Audit Unit Charter. The IAD was formed as part of strengthening
pengendalian internal dan tata kelola perusahaan yang baik. the internal control system and the implementation of good corporate
governance.
Kepala DAI diangkat dan diberhentikan oleh Direktur Utama The Head of IAD is appointed and dismissed by the President Director
dengan persetujuan Dewan Komisaris. Dasar pembentukan DAI dan with the approval of the Board of Commissioners. The establishment
pengangkatan Kepala DAI ditetapkan melalui Keputusan Direksi No. 111/ of the IAD and the appointment of its Head are based on the Board of
LGL-TBP/XII/2022 tanggal 23 November 2022, yang telah memperoleh Directors Decree No. 111/LGL-TBP/XII/2022 dated November 23, 2022,
persetujuan Dewan Komisaris pada tanggal 24 November 2022. which was approved by the Board of Commissioners on November 24,
2022.
STRUKTUR DAN KEDUDUKAN DAI STRUCTURE AND POSITION OF THE IAD
Secara struktural, DAI berada di bawah Direktur Utama dan bertanggung Structurally, the IAD reports directly to the President Director. In
jawab langsung kepada Direktur Utama. Dalam menjalankan fungsi dan carrying out its duties and responsibilities, the IAD maintains sufficient
tanggung jawabnya, DAI memiliki independensi yang memadai serta independence and has the authority to communicate directly with the
kewenangan untuk berkomunikasi secara langsung dengan Dewan Board of Commissioners, Board of Directors, management, and the
Komisaris, Direksi, manajemen, maupun Komite Audit. Audit Committee.
Komunikasi tersebut dilakukan baik melalui rapat rutin maupun Such communication is conducted through regular and ad hoc meetings
pertemuan ad hoc guna memastikan efektivitas pelaksanaan fungsi to ensure the effectiveness of the oversight function and the timely
pengawasan dan penyampaian hasil audit. Struktur ini mendukung delivery of audit results. This structure supports the independence
independensi DAI dalam melaksanakan audit secara objektif serta of the IAD in performing objective audits and providing constructive
memberikan rekomendasi yang konstruktif bagi peningkatan kinerja recommendations for the Company’s improvement.
Perseroan.
Direktur Utama
President Director
Head of Internal Audit
Internal Audit Superintendent
Internal Audit Supervisor
Internal Audit Staff
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Tata Kelola Perusahaan
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Per 31 Desember 2025, jumlah personel DAI tercatat sebanyak 5 orang As of December 31, 2025, the IAD comprised 5 members with the
dengan posisi sebagai berikut: following positions:
Jabatan Jumlah Karyawan (orang)
Position Number of employees (people)
Kepala Departemen Audit Internal | Head of Internal Audit Department 1
Internal Audit Superintendent | Internal Audit Superintendent 1
Internal Audit Supervisor | Internal Audit Supervisor 2
Internal Audit Staff | Internal Audit Staff 1
JUMLAH | TOTAL 5
PROFIL KEPALA DEPARTEMEN AUDIT INTERNAL PROFILE OF HEAD OF INTERNAL AUDIT DEPARTMENT
Handi Damianus
Kepala Departemen Audit Internal
Head of Internal Audit Department
Dasar Hukum Surat Keputusan Direksi No. 111/LGL-TBP/XI/2022 Decree of the Board of Directors No. 116/LGL-TBP/
Pengangkatan tanggal 23 November 2022 XI/2022 dated November 23, 2022
Legal Basis of
Appointment
Riwayat Pendidikan • Magister Administrasi Bisnis dari Sekolah Bisnis • Master of Business Administration from the
Educational Background & Manajemen Institut Teknologi Bandung (SBM- School of Business and Management, Bandung
ITB) (2013) Institute of Technology (2013)
• Sarjana Akuntansi dari Universitas Katolik • Bachelor of Accounting from Parahyangan
Parahyangan Bandung (2008) Catholic University, Bandung (2008)
Sertifikasi Profesional • Certified Internal Audit – The Institute of Internal • Certified Internal Audit – The Institute of Internal
Professional Auditors (IIA) Auditors (IIA)
Certification • Certified Governance, Risk and Compliance • Certified Governance, Risk and Compliance
Professional - OCEG Professional - OCEG
• Governance, Risk and Compliance Audit - OCEG • Governance, Risk and Compliance Audit - OCEG
Kewarganegaraan Pengalaman Kerja • Head of Internal Audit PT Trimegah Bangun • Head of Internal Audit PT Trimegah Bangun
Citizenship Work Experience Persada Tbk (2022 - saat ini) Persada Tbk (2022 - present)
• Operation Leads PT Shopee Indonesia (2022) • Operation Leads at PT Shopee Indonesia (2022)
Indonesia • Risk Advisory Manager PT Deloitte Konsultan • Risk Advisory Manager at PT Deloitte Konsultan
Indonesia (2018 - 2022) Indonesia (2018 - 2022)
• Assistant Manager PT KPMG Siddharta Advisory • Assistant Manager at PT KPMG Siddharta
Usia (2014 - 2018) Advisory (2014 - 2018)
Age • Internal Auditor PT Djarum (2008 - 2010) • Internal Auditor at PT Djarum (2008 - 2010)
40 Rangkap Jabatan Head of Risk Management di Perseroan Head of Risk Management at the Company
Concurrent Positions
tahun | years old
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PROGRAM PENGEMBANGAN KOMPETENSI COMPETENCE DEVELOPMENT PROGRAM
Pada tahun buku 2025, Kepala DAI dan/ atau personel DAI mengikuti In 2025, the Head of IAD and/ or IAD personnels participated in the
program pelatihan dan peningkatan kompetensi sebagai berikut: following training and competence development programs:
Program Tanggal Penyelenggara
No.
Program Date Organizer
1 Dukungan Dewan Dan Manajemen Senior Dalam Tata Kelola Audit Internal 13 Maret | March 13 IIA Indonesia
2 Certified Fraud Investigation Professional 23 Maret | March 23 RMI
3 Certified Internal Audit Review 22 November | November 22 PPA FEB UI
Catatan | Notes
IIA Indonesia The Institute of Internal Auditors - Indonesia
RMI Revolution Mind Indonesia
PPA FEB UI Pusat Pengembangan Akuntansi Fakultas Ekonomi dan Bisnis Universitas Indonesia | Center for Accounting Development, Faculty of Economics and
Business, University of Indonesia
Tugas, Tanggung Jawab,
dan Wewenang
Duties, Responsibilities, and Authority
Mengacu pada Piagam Audit Internal, DAI memiliki tugas dan tanggung In accordance with the Internal Audit Charter, the IAD is responsible
jawab utama yang meliputi penyusunan dan pelaksanaan rencana for preparing and executing the annual internal audit plan, testing and
audit internal tahunan, pengujian dan evaluasi atas efektivitas sistem evaluating the effectiveness of internal control and risk management
pengendalian internal dan manajemen risiko, serta penilaian atas efisiensi systems, as well as assessing the efficiency and effectiveness of operations
dan efektivitas kegiatan operasional di berbagai fungsi. across various functions.
Selain itu, DAI bertanggung jawab untuk menyampaikan laporan hasil audit The IAD is also responsible for submitting audit reports to the President
kepada Direktur Utama dan Dewan Komisaris, memantau pelaksanaan Director and the Board of Commissioners, monitoring the implementation of
tindak lanjut atas rekomendasi audit, serta berkoordinasi dengan Komite corrective actions, and coordinating with the Audit Committee and external
Audit dan auditor eksternal. auditors.
Dalam menjalankan tugasnya, DAI memiliki kewenangan untuk mengakses In performing its duties, the IAD has the authority to access all relevant
seluruh informasi yang relevan, berkomunikasi langsung dengan organ information, communicate directly with the Company’s governing bodies,
Perseroan, serta melakukan pemeriksaan khusus apabila diperlukan guna and conduct special audits when necessary to ensure effective control and
memastikan efektivitas pengendalian dan mitigasi risiko. risk mitigation.
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Tata Kelola Perusahaan
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Piagam Audit Internal
Internal Audit Charter
DAI memiliki Piagam Audit Internal sebagai dasar pelaksanaan tugas dan tanggung
jawabnya, sehingga tercapai kesamaan pemahaman dan sinergi dalam mendukung
pencapaian tujuan Perseroan. Piagam ini ditetapkan pada 13 Desember 2022 dan
telah disahkan oleh Direksi serta Dewan Komisaris. Piagam ini ditinjau secara
berkala dan dapat diperbarui sesuai kebutuhan dengan tetap mengacu pada
ketentuan peraturan yang berlaku.
Piagam Audit Internal antara lain mengatur:
1. Struktur dan kedudukan Departemen Audit Internal;
2. Visi dan misi;
3. Tugas, tanggung jawab, dan wewenang;
4. Kode etik dan standar pelaksanaan audit;
5. Persyaratan dan larangan bagi auditor internal; serta
6. Tanggung jawab manajemen.
The IAD operates based on an Internal Audit Charter, which serves as the foundation
for the execution of its duties and ensures alignment and cooperation in achieving
the Company’s objectives. The Charter was established on December 13, 2022 and
has been ratified by both the Board of Directors and the Board of Commissioners.
The Charter is reviewed periodically and may be updated as necessary in
accordance with applicable regulations.
The Internal Audit Charter regulates, among others:
1. The structure and position of the Internal Audit Department;
2. Vision and mission;
3. Duties, responsibilities, and authority;
4. Code of ethics and audit implementation standards;
5. Requirements and prohibitions for internal auditors; and
6. Management responsibilities.
Piagam Audit Internal dapat diakses melalui situs web Perseroan.
The Internal Audit Charter is accessible through the Company’s website.
RINGKASAN KEGIATAN DAI TAHUN 2025 SUMMARY OF IAD ACTIVITIES IN 2025
Sebelum tahun berjalan, DAI menyusun RAT berbasis prioritas risiko Prior to the commencement of the year, the IAD prepared the AAP based
dengan mempertimbangkan profil risiko seluruh unit bisnis strategis. on risk priorities by considering the risk profiles of all strategic business
Penyusunan RAT dilakukan melalui proses identifikasi dan pemilihan units. The preparation of the AAP involved the identification and
objek audit berdasarkan tingkat risiko masing-masing unit usaha. selection of audit objects based on the level of risk associated with each
RAT tersebut kemudian dipresentasikan kepada Direktur Utama dan business unit. The AAP was subsequently presented to the President
Komite Audit untuk memperoleh masukan dan persetujuan, sekaligus Director and the Audit Committee to obtain input and approval, while
memastikan keselarasan dengan strategi Perseroan serta area-area also ensuring alignment with the Company’s strategy and areas of
yang menjadi perhatian manajemen dan Dewan Komisaris. concern identified by management and the Board of Commissioners.
Selama tahun 2025, DAI secara berkala menyampaikan perkembangan Throughout 2025, DAI periodically reported the progress of the AAP
pelaksanaan RAT melalui mekanisme rolling forecast kepada Direktur implementation through a rolling forecast mechanism to the President
Utama dan Komite Audit. Dalam periode pelaporan, DAI telah Director and the Audit Committee. During the reporting period, DAI
menyelesaikan 3 (tiga) laporan audit program serta 1 (satu) kegiatan completed 3 (three) program audit reports as well as 1 (one) internal
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audit internal guna mendukung proses audit eksternal melalui evaluasi audit activity to support the external audit process through readiness
kesiapan (readiness) terkait Keselamatan & Kesehatan Kerja (K3) dan evaluation related to Occupational Health & Safety (OHS) and
Lingkungan. Environment.
IMPLEMENTASI TINDAKAN PERBAIKAN IMPLEMENTATION OF CORRECTIVE ACTIONS
DAI menyampaikan LHA kepada Direktur Utama, Komite Audit, The DAI submitted LHA to the President Director, the Audit Committee,
dan manajemen terkait sebagai dasar penilaian atas kecukupan and the relevant management as a basis for assessing the adequacy
pengendalian internal dalam memitigasi risiko. Setiap LHA memuat of internal controls in mitigating risks. Each audit report included
rekomendasi perbaikan yang disepakati bersama dengan unit terkait corrective action recommendations that had been agreed upon with
(auditee). the relevant unit (auditee).
Perseroan secara konsisten memantau pelaksanaan tindak lanjut The Company consistently monitored the implementation of such
tersebut, di mana perkembangan implementasi dilaporkan secara follow-up actions, with progress reports periodically submitted to the
berkala kepada Direktur Utama dan Komite Audit untuk memastikan President Director and the Audit Committee to ensure the effectiveness
efektivitas perbaikan yang dilakukan. of the corrective measures undertaken.
Selain menjalankan fungsi assurance, DAI juga melaksanakan peran In addition to carrying out its assurance function, DAI also performed a
preventif melalui berbagai kegiatan sosialisasi terkait anti-penyuapan, preventive role through various awareness and socialization programs
gratifikasi, korupsi, dan pencucian uang, serta penguatan implementasi related to anti-bribery, gratification, corruption, and money laundering,
Whistleblowing System dan mekanisme grievance sebagai bagian as well as strengthening the implementation of the Whistleblowing
dari upaya pencegahan fraud dan penguatan budaya kepatuhan di System and grievance mechanisms as part of the Company’s fraud
lingkungan Perseroan. prevention efforts and compliance culture enhancement.
PELAKSANAAN RAPAT DAI IAD MEETING IMPLEMENTATION
Sepanjang tahun 2025, DAI secara aktif melakukan koordinasi dan Throughout 2025, IAD actively coordinated and communicated with
komunikasi dengan Komite Audit, Direksi, serta Auditor Eksternal the Audit Committee, the Board of Directors, and the External Auditor
melalui berbagai forum rapat berkala sebagai bagian dari pelaksanaan through various periodic meeting forums as part of the implementation
fungsi pengawasan dan pengendalian internal Perseroan. of the Company’s oversight and internal control functions.
Dalam periode pelaporan, DAI bersama Komite Audit menyelenggarakan During the reporting period, IAD and the Audit Committee conducted
4 (empat) kali rapat yang antara lain membahas Laporan Auditor 4 (four) meetings, which among others discussed the Independent
Independen atas Laporan Keuangan Konsolidasian Tahun Buku 2024, Auditor’s Report on the 2024 Consolidated Financial Statements,
laporan audit internal triwulanan, serta rencana audit atas Laporan quarterly internal audit reports, as well as the audit plan for the 2025
Keuangan Konsolidasian Tahun Buku 2025. Rapat tersebut turut Consolidated Financial Statements. These meetings were also attended
dihadiri oleh Direktur Utama, Direktur Keuangan, dan Auditor Eksternal by the President Director, Finance Director, and External Auditor in
sesuai dengan agenda pembahasan. accordance with the meeting agenda.
Melalui forum-forum tersebut, DAI menyampaikan hasil kegiatan audit, Through these forums, IAD presented the results of audit activities,
perkembangan pelaksanaan RAT, serta pemantauan tindak lanjut updates on the implementation of the AAP, as well as the monitoring
atas rekomendasi audit kepada manajemen terkait. Koordinasi yang of follow-up actions on audit recommendations to the relevant
dilakukan secara berkala ini mendukung efektivitas fungsi pengawasan, management. Such regular coordination supported the effectiveness
penguatan pengendalian internal, serta peningkatan kualitas tata of the oversight function, the strengthening of internal controls, and
kelola perusahaan secara berkelanjutan. the continuous enhancement of the Company’s corporate governance
practices.
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SISTEM PENGENDALIAN INTERNAL
INTERNAL CONTROL SYSTEM
SISTEM PENGENDALIAN INTERNAL INTERNAL CONTROL SYSTEM
Perseroan menerapkan sistem pengendalian internal sebagai bagian The Company implements an internal control system as part of its efforts
dari upaya untuk meningkatkan efektivitas operasional, memperkuat to enhance operational effectiveness, strengthen the implementation of
penerapan prinsip GCG, serta mendukung pencapaian visi dan misi GCG principles, and support the achievement of the Company’s vision
Perseroan. Sistem ini mencakup pengendalian atas aspek keuangan, and mission. The system covers controls over financial, operational, risk
operasional, manajemen risiko, serta kepatuhan terhadap peraturan management, and compliance aspects in accordance with applicable
perundang-undangan yang berlaku. laws and regulations.
Melalui penerapan sistem pengendalian internal, Perseroan Through the implementation of the internal control system, the
memastikan bahwa seluruh aktivitas usaha dikelola secara terstruktur, Company ensures that all business activities are managed in a
terukur, dan terkendali, termasuk dalam menjaga keandalan pelaporan structured, measurable, and controlled manner, including maintaining
keuangan sesuai dengan standar akuntansi yang berlaku. Implementasi the reliability of financial reporting in accordance with applicable
sistem ini melibatkan peran aktif Dewan Komisaris, Direksi, serta accounting standards. The implementation of this system involves the
manajemen di seluruh lini organisasi. active roles of the Board of Commissioners, Board of Directors, and
management across all organizational levels.
Dewan Komisaris menjalankan fungsi pengawasan atas efektivitas The Board of Commissioners performs an oversight function over the
sistem pengendalian internal serta memberikan nasihat kepada Direksi, effectiveness of the internal control system and provides advice to
khususnya terkait pengelolaan keuangan, operasional, manajemen the Board of Directors, particularly regarding financial, operational,
risiko, dan kepatuhan. Sementara itu, Direksi bertanggung jawab atas risk management, and compliance matters. Meanwhile, the Board of
perancangan, penerapan, dan pemeliharaan sistem pengendalian Directors is responsible for designing, implementing, and maintaining
internal yang memadai di seluruh kegiatan usaha Perseroan. an adequate internal control system throughout the Company’s
business activities.
KESESUAIAN SISTEM PENGENDALIAN INTERNAL DENGAN ALIGNMENT OF THE INTERNAL CONTROL SYSTEM WITH THE
KERANGKA COSO COSO FRAMEWORK
Dalam mengembangkan dan menerapkan sistem pengendalian In developing and implementing its internal control system, the
internal, Perseroan mengacu pada prinsip-prinsip umum Committee Company refers to the general principles of the Committee of
of Sponsoring Organizations of the Treadway Commission (“COSO”) Sponsoring Organizations of the Treadway Commission (“COSO”)
sebagai salah satu referensi dalam penguatan pengendalian internal as one of the references in strengthening internal controls and risk
dan manajemen risiko. management.
Penerapan prinsip-prinsip tersebut mendukung Perseroan dalam The application of these principles supports the Company in
menjaga keandalan pelaporan keuangan, efektivitas pengelolaan risiko, maintaining the reliability of financial reporting, the effectiveness of
serta terciptanya lingkungan pengendalian yang mendukung integritas, risk management, as well as establishing a control environment that
akuntabilitas, dan kepatuhan terhadap ketentuan yang berlaku. promotes integrity, accountability, and compliance with applicable
regulations.
SISTEM PENGENDALIAN KEUANGAN DAN OPERASIONAL FINANCIAL AND OPERATIONAL CONTROL SYSTEM
Pengendalian keuangan Perseroan didukung oleh sistem pengelolaan The Company’s financial controls are supported by a financial
keuangan yang mengacu pada Standar Akuntansi Keuangan serta management system that refers to Financial Accounting Standards
peraturan terkait lainnya, yang dilengkapi dengan kebijakan dan and other relevant regulations, complemented by adequate internal
prosedur internal yang memadai. Penerapan sistem ini bertujuan untuk policies and procedures. The implementation of this system aims
menghasilkan informasi keuangan yang andal, tepat waktu, akurat, to produce financial information that is reliable, timely, accurate,
lengkap, dapat dibandingkan, serta dapat diaudit. complete, comparable, and auditable.
Selama periode pelaporan, Perseroan telah memenuhi kewajiban During the reporting period, the Company fulfilled its obligations to
penyampaian laporan keuangan sesuai dengan ketentuan yang submit financial reports in accordance with applicable regulations.
berlaku. Selain itu, pengendalian operasional juga terus diperkuat In addition, operational controls continued to be strengthened to
untuk memastikan efektivitas dan efisiensi proses bisnis di seluruh lini ensure the effectiveness and efficiency of business processes across all
usaha. business lines.
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KEPATUHAN TERHADAP PERATURAN PERUNDANG- COMPLIANCE WITH LAWS AND REGULATIONS
UNDANGAN
Perseroan berkomitmen untuk mematuhi seluruh ketentuan hukum The Company is committed to complying with all applicable laws and
dan peraturan yang berlaku di Indonesia. Secara berkala, Perseroan regulations in Indonesia. Periodically, the Company identifies and
melakukan identifikasi dan pembaruan terhadap perubahan regulasi, updates regulatory changes and ensures compliance with reporting
serta memastikan pemenuhan kewajiban pelaporan kepada regulator obligations to regulators and relevant government institutions.
dan instansi pemerintah terkait.
Hingga akhir periode pelaporan, tidak terdapat sanksi administratif As of the end of the reporting period, there were no administrative
maupun pelanggaran material yang berdampak signifikan terhadap sanctions or material violations that had a significant impact on the
kelangsungan usaha Perseroan. Company’s business continuity.
TINJAUAN ATAS EFEKTIVITAS SISTEM PENGENDALIAN REVIEW OF THE EFFECTIVENESS OF THE INTERNAL
INTERNAL CONTROL SYSTEM
Perseroan melakukan evaluasi atas efektivitas sistem pengendalian The Company periodically evaluates the effectiveness of its internal
internal secara berkala melalui DAI. Evaluasi tersebut dilakukan control system through IAD. This evaluation is conducted to provide
untuk memberikan keyakinan yang memadai kepada Direksi, Dewan reasonable assurance to the Board of Directors, Board of Commissioners,
Komisaris, pemegang saham, dan pemangku kepentingan bahwa shareholders, and stakeholders that the internal control system has
sistem pengendalian internal telah berjalan sesuai dengan tujuan yang operated in accordance with its intended objectives.
ditetapkan.
Hasil evaluasi dituangkan dalam LHA yang mencakup temuan, The evaluation results are documented in the LHA , which includes
rekomendasi, dan saran perbaikan, serta disampaikan kepada findings, recommendations, and improvement suggestions, and are
Direktur Utama dan Dewan Komisaris melalui Komite Audit untuk submitted to the President Director and the Board of Commissioners
ditindaklanjuti. through the Audit Committee for follow-up actions.
UPAYA PENGUATAN SISTEM PENGENDALIAN INTERNAL INTERNAL CONTROL SYSTEM ENHANCEMENT INITIATIVES
TAHUN 2025 IN 2025
Sepanjang tahun 2025, Perseroan melakukan berbagai inisiatif Throughout 2025, the Company undertook various initiatives to
untuk memperkuat efektivitas sistem pengendalian internal, antara strengthen the effectiveness of its internal control system, including
lain melalui penyempurnaan kebijakan dan Standard Operating the refinement of policies and Standard Operating Procedures (SOPs),
Procedures (SOP), penguatan fungsi manajemen risiko dan kepatuhan, strengthening risk management and compliance functions, conducting
pelaksanaan pelatihan terkait GCG, serta optimalisasi sistem pelaporan GCG-related training, and optimizing the whistleblowing system.
pelanggaran (whistleblowing system).
Perseroan berkomitmen untuk terus melakukan perbaikan The Company remains committed to continuous improvement to
berkelanjutan guna memastikan sistem pengendalian internal tetap ensure that its internal control system remains effective, adaptive, and
efektif, adaptif, dan selaras dengan dinamika industri nikel serta aligned with developments in the nickel industry and capital market
perkembangan regulasi pasar modal. regulations.
PERNYATAAN ATAS KECUKUPAN SISTEM PENGENDALIAN STATEMENT ON THE ADEQUACY OF THE INTERNAL CONTROL
INTERNAL SYSTEM
Berdasarkan hasil penilaian Direksi dan pengawasan Dewan Komisaris Based on the assessment conducted by the Board of Directors and the
melalui Komite Audit, sistem pengendalian internal Perseroan pada oversight of the Board of Commissioners through the Audit Committee,
tahun 2025 dinilai telah memadai dan efektif dalam mendukung the Company’s internal control system in 2025 was considered
pencapaian tujuan Perseroan. Penilaian tersebut tercermin dari adequate and effective in supporting the achievement of the Company’s
pelaksanaan rapat Komite Audit secara berkala yang membahas objectives. This assessment was reflected in the periodic Audit
temuan audit serta tindak lanjut yang dilakukan oleh manajemen Committee meetings that discussed audit findings and management’s
dalam mengatasi kelemahan pengendalian maupun pelanggaran follow-up actions in addressing identified control weaknesses and
prosedur yang teridentifikasi. procedural violations.
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Tata Kelola Perusahaan
Corporate Governance
MANAJEMEN RISIKO
RISK MANAGEMENT
Pengelolaan risiko merupakan bagian integral dari kegiatan usaha Risk management is an integral part of the Company’s business
Perseroan dan menjadi tanggung jawab seluruh insan perusahaan. activities and is the responsibility of all employees. The Company
Perseroan menerapkan manajemen risiko yang terintegrasi dengan implements risk management that is integrated with its business
proses bisnis, pengambilan keputusan, serta budaya perusahaan processes, decision-making, and corporate culture as part of the
sebagai bagian dari penerapan tata kelola perusahaan yang baik. implementation of good corporate governance. Through the effective
Melalui penerapan manajemen risiko yang efektif dan berkelanjutan, and sustainable implementation of risk management, the Company
Perseroan berupaya menjaga ketahanan usaha serta mendukung seeks to maintain business resilience and support the achievement
pencapaian tujuan perusahaan di tengah dinamika industri dan of corporate objectives amid the dynamic industry landscape and
lingkungan usaha yang terus berkembang. evolving business environment.
PEMBENTUKAN DAN STRUKTUR FUNGSI MANAJEMEN ESTABLISHMENT AND STRUCTURE OF THE RISK
RISIKO MANAGEMENT FUNCTION
Perseroan membentuk Fungsi Manajemen Risiko yang bertanggung The Company has established a Risk Management Function that
jawab kepada Direksi untuk mengoordinasikan penerapan manajemen reports to the Board of Directors and is responsible for coordinating
risiko secara menyeluruh di lingkungan Perseroan. Pembentukan fungsi the implementation of risk management across the Company. The
ini merupakan bagian dari komitmen Perseroan dalam menerapkan establishment of this function reflects the Company’s commitment to
pengelolaan risiko yang sistematis, terintegrasi, dan berkelanjutan. implementing systematic, integrated, and sustainable risk management
practices.
Fungsi Manajemen Risiko memiliki tanggung jawab antara lain dalam The Risk Management Function is responsible, among others, for
mengembangkan dan memperbarui kebijakan serta kerangka kerja developing and updating risk management policies and frameworks,
manajemen risiko, menyediakan metodologi penerapan manajemen providing risk management methodologies, building competencies
risiko, membangun kompetensi dan budaya sadar risiko, memfasilitasi and a risk-aware culture, facilitating the implementation of Risk and
pelaksanaan Risk and Control Self-Assessment (RCSA), memantau Control Self-Assessment (RCSA), monitoring the implementation of risk
pelaksanaan mitigasi risiko, serta menyusun dan menyampaikan mitigation measures, as well as preparing and submitting risk reports
laporan risiko kepada Direksi dan Dewan Komisaris melalui Komite to the Board of Directors and the Board of Commissioners through the
Audit. Audit Committee.
KERANGKA KERJA MANAJEMEN RISIKO RISK MANAGEMENT FRAMEWORK
Penerapan manajemen risiko di Perseroan mengacu pada standar The implementation of risk management within the Company refers to
ISO 31000:2018 yang memberikan panduan dalam mengidentifikasi, the ISO 31000:2018 standard, which provides guidance in identifying,
menganalisis, mengevaluasi, serta mengelola risiko yang berpotensi analyzing, evaluating, and managing risks that may affect the
memengaruhi pencapaian tujuan Perseroan. achievement of the Company’s objectives.
Perseroan menerapkan pendekatan three lines of defence sebagai The Company adopts the three lines of defence approach as part of
bagian dari penguatan tata kelola manajemen risiko. Risk Owner strengthening its risk governance framework. Risk Owners act as the
berperan sebagai lini pertahanan pertama (first line) yang bertanggung first line of defence and are responsible for managing risks directly in
jawab melakukan pengelolaan risiko secara langsung sesuai dengan accordance with applicable policies, procedures, and guidelines. The
kebijakan, prosedur, dan panduan yang berlaku. Fungsi Manajemen Risk Management Function serves as the second line of defence by
Risiko bertindak sebagai lini pertahanan kedua (second line) yang carrying out coordination, monitoring, and development of the risk
melakukan koordinasi, pemantauan, dan pengembangan kerangka management framework.
kerja manajemen risiko.
Sementara itu, DAI menjalankan peran sebagai lini pertahanan Meanwhile, IAD serves as the third line of defence through the
ketiga (third line) melalui pelaksanaan fungsi assurance dan evaluasi implementation of assurance functions and independent evaluations
independen atas efektivitas pengendalian internal serta penerapan of the effectiveness of internal controls and risk management
manajemen risiko di lingkungan Perseroan. implementation within the Company.
Dewan Komisaris melalui Komite Audit menjalankan fungsi pengawasan The Board of Commissioners, through the Audit Committee, performs
atas efektivitas penerapan manajemen risiko, sedangkan Direksi sebagai an oversight function over the effectiveness of risk management
pemegang akuntabilitas utama secara aktif memberikan arahan dan implementation, while the Board of Directors, as the primary
memastikan bahwa setiap risiko telah dikelola secara memadai sesuai accountability holder, actively provides direction and ensures that each
dengan tingkat risiko yang dihadapi Perseroan. risk is managed adequately in accordance with the level of risk faced by
the Company.
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Untuk mendukung implementasi tersebut, Perseroan telah menetapkan To support such implementation, the Company has established a
Kebijakan Manajemen Risiko yang dilengkapi dengan prosedur dan Risk Management Policy complemented by procedures and work
instruksi kerja sebagai panduan teknis penerapan manajemen risiko. instructions as technical guidelines for implementing risk management.
IMPLEMENTASI DAN BUDAYA RISIKO IMPLEMENTATION AND RISK CULTURE
Pengelolaan risiko diterapkan secara terintegrasi dalam seluruh proses Risk management is implemented in an integrated manner across
bisnis, pengambilan keputusan, serta aktivitas operasional Perseroan. the Company’s business processes, decision-making activities, and
Seluruh insan Perseroan diharapkan memiliki kesadaran dan tanggung operational activities. All Company personnel are expected to have
jawab dalam mengidentifikasi, mengevaluasi, serta mengelola risiko awareness and responsibility in identifying, evaluating, and managing
sesuai dengan lingkup pekerjaannya masing-masing. risks in accordance with their respective scope of work.
Direksi berperan sebagai role model dalam menumbuhkan budaya The Board of Directors acts as a role model in fostering a risk awareness
sadar risiko (risk awareness culture) di seluruh organisasi. Perseroan culture throughout the organization. The Company also facilitates the
juga memfasilitasi pelaksanaan RCSA sebagai bagian dari proses implementation of RCSA as part of the periodic risk identification and
identifikasi dan evaluasi risiko secara berkala. evaluation process.
Penerapan manajemen risiko dilakukan secara terintegrasi di seluruh Risk management implementation is carried out in an integrated manner
lingkup usaha Perseroan, termasuk Entitas Anak dan pihak terafiliasi, across all of the Company’s business activities, including Subsidiaries
guna memastikan konsistensi pengelolaan risiko dan efektivitas and affiliated entities, to ensure consistency in risk management and
pengendalian internal di seluruh kegiatan operasional. the effectiveness of internal controls throughout operational activities.
RISIKO UTAMA DAN STRATEGI MITIGASI KEY RISKS AND MITIGATION STRATEGIES
Perseroan secara berkala melakukan identifikasi, penilaian, The Company periodically conducts identification, assessment, and
dan pemantauan terhadap risiko-risiko utama yang berpotensi monitoring of key risks that may affect business continuity and the
memengaruhi keberlangsungan usaha dan pencapaian target achievement of corporate objectives. Risk management is carried out
perusahaan. Pengelolaan risiko dilakukan melalui berbagai strategi through various mitigation strategies tailored to the characteristics
mitigasi yang disesuaikan dengan karakteristik masing-masing risiko of each risk as part of the implementation of an integrated risk
sebagai bagian dari penerapan manajemen risiko yang terintegrasi. management framework.
Profil Risiko Utama Perseroan
The Company’s Key Risk Profile
Kategori Risiko Rincian Risiko Upaya Mitigasi
Risk Category Risk Description Mitigation Measures
Risiko Kesehatan dan Risiko kecelakaan kerja, gangguan kesehatan, serta • Penerapan SMKP Minerba, SMK3, dan ISO 45001 secara konsisten.
Keselamatan insiden keselamatan yang dapat terjadi dalam • Penguatan budaya keselamatan kerja melalui pelatihan, sosialisasi, dan
kegiatan operasional pertambangan, pengolahan, evaluasi berkala.
dan pembangkit listrik Perseroan. • Penyediaan infrastruktur keselamatan, APD, dan sistem tanggap darurat.
• Pemantauan dan pengendalian aktivitas operasional berisiko tinggi.
Health and Safety Risk Risks related to workplace accidents, health • Consistent implementation of SMKP Minerba, SMK3, and ISO 45001.
issues, and safety incidents that may occur in the • Strengthening occupational safety culture through training, socialization, and
Company’s mining, processing, and power plant periodic evaluations.
operations. • Provision of safety infrastructure, Personal Protective Equipment (PPE), and
emergency response systems.
• Monitoring and controlling high-risk operational activities.
Risiko Kepatuhan Risiko yang timbul akibat kegagalan pengelolaan • Pemantauan berkala terhadap kualitas lingkungan dan pengelolaan dampak
Lingkungan lingkungan hidup termasuk limbah, pengendalian operasional.
dampak operasional, dan pemenuhan standar • Pengelolaan limbah B3 dan non-B3 sesuai ketentuan yang berlaku.
lingkungan yang berlaku. • Pelaksanaan audit lingkungan dan pemenuhan sertifikasi ISO 14001.
• Pelaporan pengelolaan lingkungan kepada regulator secara berkala.
Environmental Risks arising from non-compliance with • Periodic monitoring of environmental quality and management of
Compliance Risk environmental regulations, including waste operational impacts.
management, operational impact control, and • Management of hazardous and non-hazardous waste in accordance with
fulfillment of applicable environmental standards. applicable regulations.
• Conducting environmental audits and maintaining ISO 14001 certification
compliance.
• Periodic reporting of environmental management activities to regulators.
Risiko Perubahan Iklim Risiko yang timbul akibat perubahan iklim • Kajian hidrometeorologi secara berkala pada area operasional.
dan cuaca ekstrem yang dapat memengaruhi • Penguatan infrastruktur pengendalian air dan drainase.
kelancaran operasional, infrastruktur, serta • Pelaksanaan revegetasi dan rehabilitasi lahan pascatambang.
keberlanjutan kegiatan usaha Perseroan. • Implementasi prosedur pengelolaan hidrologi.
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Tata Kelola Perusahaan
Corporate Governance
Profil Risiko Utama Perseroan
The Company’s Key Risk Profile
Kategori Risiko Rincian Risiko Upaya Mitigasi
Risk Category Risk Description Mitigation Measures
Climate Change Risk Risks arising from climate change and extreme • Conducting periodic hydrometeorological assessments in operational areas.
weather conditions that may affect operational • Strengthening water control and drainage infrastructure.
continuity, infrastructure, and the sustainability of • Implementing revegetation and post-mining land rehabilitation programs.
the Company’s business activities. • Implementing hydrology management procedures.
Risiko Kepatuhan Hukum Risiko yang timbul akibat kegagalan dalam • Mengidentifikasi dan memantau perkembangan peraturan perundang-
dan Peraturan memenuhi persyaratan regulasi yang berlaku, undangan yang relevan secara berkala.
termasuk perizinan yang memengaruhi kegiatan • Memastikan implementasi ketentuan hukum dan regulasi pada seluruh
operasional serta reputasi Perseroan. kegiatan operasional Perseroan.
• Menyediakan sumber daya dan fungsi pendukung yang memadai untuk
memastikan kepatuhan terhadap peraturan yang berlaku.
Legal and Regulatory Risks arising from non-compliance with applicable • Periodically identifying and monitoring developments in relevant laws and
Compliance Risk regulatory requirements, permits that may affect regulations.
the Company’s operations and reputation. • Ensuring the implementation of applicable legal and regulatory requirements
across all operational activities.
• Providing adequate resources and supporting functions to ensure compliance
with prevailing regulations.
Risiko Gangguan Produksi Risiko terganggunya sebagian atau seluruh • Evaluasi berkala atas efektivitas prosedur operasional.
kegiatan operasional pertambangan, pengolahan, • Pemeliharaan preventif terhadap peralatan dan infrastruktur kritikal.
dan pembangkit listrik akibat faktor teknis, • Penguatan pengelolaan suku cadang dan peralatan utama.
operasional, maupun kondisi eksternal lainnya. • Penerapan Emergency Response Plan.
• Perbaikan darurat.
Production Disruption Risks related to disruptions to part or all of the • Periodic evaluation of the effectiveness of operational procedures.
Risk Company’s mining, processing, and power plant • Preventive maintenance of critical equipment and infrastructure.
operations due to technical, operational, or other • Strengthening the management of spare parts and key equipment.
external factors. • Implementation of the Emergency Response Plan.
• Emergency repairs.
Risiko Sosial dan Risiko yang berkaitan dengan hubungan dengan • Pelaksanaan program pemberdayaan dan pengembangan masyarakat.
Hubungan Masyarakat masyarakat dan pemangku kepentingan di sekitar • Penyediaan mekanisme penanganan keluhan masyarakat dan pemangku
wilayah operasional, termasuk potensi konflik kepentingan.
sosial, penolakan, atau gangguan terhadap • Penguatan komunikasi dan kolaborasi dengan masyarakat sekitar wilayah
kegiatan usaha Perseroan. operasi.
• Pengawasan dan pengamanan area operasional secara berkala.
Social and Community Risks related to relationships with communities • Implementation of community empowerment and development programs.
Relations Risk and stakeholders surrounding the operational • Provision of grievance handling mechanisms for communities and
areas, including potential social conflicts, stakeholders.
opposition, or disruptions to the Company’s • Strengthening communication and collaboration with communities
business activities. surrounding operational areas.
• Periodic monitoring and security management of operational areas.
TINJAUAN ATAS EFEKTIVITAS SISTEM MANAJEMEN RISIKO REVIEW OF THE EFFECTIVENESS OF THE RISK MANAGEMENT
SYSTEM
Fungsi Manajemen Risiko telah menyusun profil risiko Perseroan The Risk Management Function has developed the Company’s risk
beserta rencana mitigasinya sebagai bagian dari penerapan manajemen profile along with its mitigation plans as part of the implementation
risiko yang terstruktur. Pelaksanaan rencana mitigasi tersebut dipantau of a structured risk management framework. The implementation
secara berkala dan dievaluasi efektivitasnya untuk memastikan bahwa of these mitigation plans is monitored periodically and evaluated for
langkah-langkah perbaikan yang dilakukan mampu menurunkan effectiveness to ensure that the corrective measures undertaken are
tingkat dampak maupun kemungkinan terjadinya risiko. able to reduce both the impact and likelihood of risks occurring.
Selain itu, Perseroan secara berkala melakukan evaluasi terhadap In addition, the Company periodically evaluates the effectiveness
efektivitas penerapan sistem manajemen risiko guna memastikan of the implementation of its risk management system to ensure
bahwa pengelolaan risiko telah berjalan sesuai dengan kerangka kerja, that risk management practices are carried out in accordance with
kebijakan, dan tujuan yang ditetapkan. Hasil evaluasi tersebut menjadi the established framework, policies, and objectives. The evaluation
dasar bagi Perseroan untuk melakukan penyempurnaan secara results serve as the basis for the Company to continuously improve its
berkelanjutan terhadap proses, pengendalian, dan strategi mitigasi processes, controls, and risk mitigation strategies.
risiko.
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PERNYATAAN ATAS KECUKUPAN SISTEM MANAJEMEN STATEMENT ON THE ADEQUACY OF THE RISK MANAGEMENT
RISIKO SYSTEM
Berdasarkan hasil penilaian dan evaluasi yang dilakukan, Direksi dan Based on the assessments and evaluations conducted, the Board
Dewan Komisaris menilai bahwa sistem manajemen risiko Perseroan of Directors and the Board of Commissioners concluded that the
telah memadai dalam mengelola risiko yang dihadapi serta potensi Company’s risk management system is adequate in managing the risks
dampaknya terhadap kinerja Perseroan. faced by the Company and their potential impact on the Company’s
performance.
Namun demikian, dinamika lingkungan usaha, baik dari faktor Nevertheless, changes in the business environment, whether arising
eksternal maupun internal, berpotensi menimbulkan risiko baru from external or internal factors, may give rise to new risks that were
yang sebelumnya belum teridentifikasi. Oleh karena itu, Perseroan previously unidentified. Therefore, the Company continuously enhances
senantiasa meningkatkan kewaspadaan dan secara proaktif melakukan its vigilance and proactively conducts ongoing risk identification and
identifikasi serta pengelolaan risiko secara berkelanjutan guna menjaga management efforts to maintain business resilience and sustainability.
ketahanan dan keberlangsungan usaha.
PERKARA HUKUM
LEGAL CASES
Hingga akhir tahun 2025, Perseroan dan Entitas Anak, termasuk Dewan As of the end of 2025, the Company and its Subsidiaries, including the
Komisaris dan Direksi, tidak terlibat dalam perkara hukum yang bersifat Board of Commissioners and the Board of Directors, were not involved
material yang dapat berdampak negatif secara signifikan terhadap in any material legal cases that could have a significant adverse
kegiatan operasional, usaha, maupun kinerja keuangan Perseroan. impact on the Company’s operations, business activities, or financial
performance.
Perseroan menegaskan bahwa tidak terdapat kasus perdagangan orang The Company affirms that there have been no cases of insider trading
dalam (insider trading) yang melibatkan anggota Dewan Komisaris, involving members of the Board of Commissioners, the Board of
Direksi, manajemen, maupun karyawan. Perseroan senantiasa Directors, management, or employees. The Company consistently
memastikan kepatuhan terhadap ketentuan pasar modal terkait ensures compliance with capital market regulations related to securities
transaksi efek serta menjaga integritas dalam pengelolaan informasi transactions and maintains the integrity of managing undisclosed
material yang belum dipublikasikan. material information.
Selain itu, tidak terdapat kasus ketidakpatuhan terhadap hukum, Furthermore, there have been no cases of non-compliance with laws,
aturan, dan peraturan yang berkaitan dengan transaksi pihak berelasi rules, or regulations related to material related-party transactions.
yang bersifat material. Seluruh transaksi afiliasi dan transaksi yang All affiliated transactions and transactions that may involve conflicts
berpotensi menimbulkan benturan kepentingan dilaksanakan sesuai of interest are conducted in accordance with applicable laws and
dengan ketentuan peraturan perundang-undangan yang berlaku serta regulations and through transparent and accountable governance
melalui mekanisme tata kelola yang transparan dan akuntabel. mechanisms.
Perseroan juga tidak menghadapi pelanggaran hukum yang berkaitan The Company has also not faced any legal violations related to labor,
dengan aspek ketenagakerjaan, perlindungan konsumen, kepailitan, consumer protection, bankruptcy, commercial matters, competition,
komersial, persaingan usaha, maupun lingkungan hidup. Hal ini or environmental issues. This reflects the Company’s commitment to
mencerminkan komitmen Perseroan dalam menjalankan kegiatan conducting its business in compliance with legal requirements and
usaha sesuai dengan prinsip kepatuhan hukum dan standar etika yang applicable ethical standards.
berlaku.
Lebih dari sekadar pemenuhan kepatuhan, Perseroan menempatkan Beyond compliance, the Company places integrity as an integral part
integritas sebagai bagian integral dari strategi bisnis. Penerapan of its business strategy. The implementation of integrity is reflected
prinsip integritas diwujudkan melalui penguatan sistem tata kelola, through strengthened governance systems, internal controls, and
pengendalian internal, serta budaya perusahaan yang menjunjung a corporate culture that upholds ethical values and transparency.
tinggi nilai etika dan transparansi. Dengan demikian, Perseroan tidak This approach not only mitigates legal risks but also enhances the
hanya memitigasi risiko hukum, tetapi juga memperkuat reputasi, Company’s reputation, strengthens stakeholder trust, and supports
meningkatkan kepercayaan pemangku kepentingan, serta mendukung long-term business sustainability.
keberlanjutan usaha dalam jangka panjang.
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SANKSI ADMINISTRATIF
ADMINISTRATIVE SANCTIONS
Sepanjang tahun 2025, Perseroan, Entitas Anak, Dewan Komisaris, Throughout 2025, the Company, its Subsidiaries, as well as the Board
maupun Direksi tidak menerima sanksi administratif dari regulator of Commissioners and the Board of Directors, did not receive any
yang bersifat material dan berdampak terhadap kelangsungan kegiatan administrative sanctions from regulators that were material in nature or
usaha Perseroan. that could impact the continuity of the Company’s business operations.
Perseroan juga memastikan kepatuhan terhadap kewajiban The Company also ensures compliance with disclosure obligations,
keterbukaan informasi, termasuk penyampaian pengumuman atas including the timely announcement of material events in accordance
peristiwa penting (material event) sesuai dengan jangka waktu yang with regulatory requirements. During the reporting period, there
ditetapkan oleh regulator. Sepanjang periode pelaporan, tidak terdapat were no sanctions imposed on the Company related to delays or non-
sanksi yang dikenakan kepada Perseroan terkait keterlambatan atau compliance in the disclosure of material information to the public.
ketidakpatuhan dalam penyampaian informasi material kepada publik.
Di bidang perpajakan, Perseroan tidak memperoleh putusan yang In the area of taxation, the Company has not received any adverse
merugikan dari Pengadilan Pajak terkait sengketa perpajakan. Hal ini ruling from the Tax Court in relation to tax disputes. This reflects the
mencerminkan kepatuhan Perseroan dalam memenuhi kewajiban Company’s compliance in fulfilling its tax obligations in accordance
perpajakan sesuai dengan ketentuan perundang-undangan yang with the prevailing laws and regulations.
berlaku.
Selain itu, Perseroan juga tidak menghadapi sanksi atau temuan Furthermore, the Company did not face any sanctions or findings
ketidakpatuhan terkait peraturan pencatatan di pasar modal maupun of non-compliance relating to capital market listing regulations or
ketentuan lainnya di luar aspek keterbukaan informasi. Hal ini other regulatory requirements beyond disclosure obligations. This
menunjukkan bahwa Perseroan telah menjalankan praktik kepatuhan demonstrates that the Company has consistently implemented
secara konsisten dan terintegrasi dalam seluruh kegiatan usahanya. compliance practices across all aspects of its business operations.
Perseroan senantiasa menjaga kepatuhan terhadap seluruh ketentuan The Company remains committed to adhering to all applicable laws and
peraturan perundang-undangan yang berlaku sebagai bagian dari regulations as part of its commitment to good corporate governance
komitmen dalam menerapkan tata kelola perusahaan yang baik serta and maintaining stakeholder trust.
menjaga kepercayaan pemangku kepentingan.
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PEDOMAN ETIKA DAN PERILAKU
CODE OF ETHICS AND CONDUCT
Perseroan berkomitmen untuk menerapkan prinsip GCG secara The Company is committed to consistently implementing the GCG
konsisten melalui penyusunan dan implementasi Pedoman Etika dan principles through the development and implementation of the Code of
Perilaku (Code of Ethics and Conduct/COEC). Pedoman ini merupakan Ethics and Conduct (COEC). This Code serves as the primary guideline
acuan utama dalam mengatur standar etika, integritas, serta perilaku in governing ethical standards, integrity, and professional conduct
profesional bagi seluruh individu yang bertindak atas nama Perseroan. for all individuals acting on behalf of the Company. The COEC was
COEC ditetapkan dan disetujui oleh Direksi dan Dewan Komisaris pada established and approved by the Board of Directors and the Board of
tanggal 13 Desember 2022, serta senantiasa diperbarui secara berkala Commissioners on December 13, 2022 and is periodically updated to
agar selaras dengan perkembangan regulasi, norma, dan dinamika remain aligned with regulatory developments, prevailing norms, and
bisnis. business dynamics.
POKOK-POKOK PEDOMAN ETIKA DAN PERILAKU KEY PRINCIPLES OF THE CODE OF ETHICS AND CONDUCT
COEC memuat prinsip-prinsip dasar yang menjadi pedoman dalam The COEC outlines fundamental principles that guide the Company
menjalankan kegiatan usaha secara etis dan bertanggung jawab, antara in conducting its business ethically and responsibly. These include
lain mencakup integritas, kepatuhan terhadap peraturan perundang- integrity, compliance with applicable laws and regulations, prevention
undangan, pencegahan benturan kepentingan, perlindungan terhadap of conflicts of interest, protection of Company assets and information,
aset dan informasi Perseroan, serta penerapan hubungan kerja yang as well as the promotion of professional and respectful working
profesional dan saling menghormati. Pedoman ini juga mengatur relationships. The Code also governs interactions with stakeholders,
interaksi dengan pemangku kepentingan, termasuk pelanggan, mitra including customers, business partners, investors, and the community,
kerja, investor, dan masyarakat, dengan menjunjung tinggi transparansi by upholding transparency and accountability.
dan akuntabilitas.
CAKUPAN PENERAPAN COEC SCOPE OF COEC IMPLEMENTATION
COEC berlaku dan mengikat seluruh individu di lingkungan Perseroan The COEC applies to and binds all individuals within the Company
tanpa terkecuali, termasuk anggota Direksi, Dewan Komisaris, organ without exception, including members of the Board of Directors,
pendukung Dewan Komisaris, serta seluruh karyawan di setiap level the Board of Commissioners, supporting organs of the Board of
organisasi. Selain itu, penerapan COEC juga mencakup tenaga kerja Commissioners, and all employees at every level of the organization. It
tidak tetap, tenaga alih daya, tenaga magang, serta seluruh personel also extends to temporary employees, outsourced personnel, interns,
yang bekerja untuk dan atas nama Perseroan. and all individuals working for and on behalf of the Company.
Lebih lanjut, para pemegang saham, mitra kerja, konsultan, vendor, Furthermore, shareholders, business partners, consultants, vendors,
media, dan pihak lain yang berinteraksi dengan Perseroan diwajibkan media, and other parties interacting with the Company are required to
untuk menghormati dan menerapkan prinsip-prinsip dalam COEC respect and adhere to the principles set out in the COEC in the course
selama menjalin hubungan dengan Perseroan. Setiap pihak yang of their engagement with the Company. All parties covered by this Code
tercakup dalam pedoman ini diwajibkan menandatangani pernyataan are required to sign a statement of compliance as a form of commitment
kepatuhan sebagai bentuk komitmen terhadap penerapan etika dan to the applicable ethical standards and conduct.
perilaku yang berlaku.
SOSIALISASI, PENERAPAN, DAN PENEGAKAN COEC DISSEMINATION, IMPLEMENTATION, AND ENFORCEMENT OF
COEC
Sepanjang tahun 2025, Perseroan terus memperkuat sosialisasi, Throughout 2025, the Company continued to strengthen the
internalisasi, serta penegakan Pedoman Etika dan Perilaku melalui dissemination, internalization, and enforcement of the Code of Ethics
berbagai inisiatif yang terintegrasi dengan program penguatan tata and Conduct through various initiatives integrated with its broader
kelola perusahaan yang baik. Upaya ini tidak hanya difokuskan pada corporate governance enhancement programs. These efforts are not
peningkatan pemahaman, tetapi juga pada pembentukan budaya only focused on increasing awareness but also on fostering a consistent
integritas yang konsisten di seluruh lini organisasi. culture of integrity across all levels of the organization.
Salah satu inisiatif utama yang dilakukan adalah penyelenggaraan One of the key initiatives undertaken was the organization of Human
pelatihan Hak Asasi Manusia (HAM) kepada champion tim koordinasi Rights (HR) training for Human Rights coordination team champions in
HAM di setiap departemen. Para champion ini selanjutnya berperan each department. These champions act as internal agents responsible
sebagai agen internalisasi yang bertanggung jawab untuk melakukan for cascading the training and conducting further dissemination within
sosialisasi lanjutan kepada seluruh anggota di unit kerjanya, sehingga their respective units, ensuring uniform understanding across the
memastikan pemahaman yang merata di seluruh organisasi. organization.
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Selain itu, Perseroan secara berkelanjutan menyelenggarakan berbagai In addition, the Company continuously conducted various training
program pelatihan yang berkaitan erat dengan penerapan COEC, programs closely related to COEC implementation, including
antara lain Whistleblowing System (WBS), Anti-Bribery & Corruption Whistleblowing System (WBS), Anti-Bribery & Corruption (ABC), Anti-
(ABC), Anti-Money Laundering (AML), serta HAM, yang telah diikuti oleh Money Laundering (AML), and Human Rights, which were attended by
sebagian besar karyawan. Program-program ini menjadi bagian dari the majority of employees. These programs form part of the Company’s
upaya sistematis dalam memperkuat budaya kepatuhan, transparansi, systematic efforts to strengthen a culture of compliance, transparency,
dan perilaku etis di lingkungan Perseroan. and ethical conduct.
Dari sisi penerapan dan penegakan, Perseroan juga melakukan From an implementation and enforcement perspective, the Company
penyempurnaan kebijakan Anti-Bribery, Corruption, and Money also enhanced its Anti-Bribery, Corruption, and Money Laundering
Laundering (ABCML) dengan memperluas cakupan hingga mencakup (ABCML) policy by expanding its scope to include suppliers and
pemasok serta memperkuat mekanisme pelaporan. Langkah ini strengthening reporting mechanisms. This initiative aims to ensure that
bertujuan untuk memastikan bahwa prinsip-prinsip etika dan integritas ethical and integrity principles are applied not only internally but also
tidak hanya diterapkan secara internal, tetapi juga di sepanjang rantai throughout the Company’s value chain.
nilai Perseroan.
Sejalan dengan hal tersebut, Perseroan terus mengembangkan dan In line with these efforts, the Company continues to develop and refine
menyempurnakan Standar Operasional Prosedur (SOP) di seluruh Standard Operating Procedures (SOPs) across all departments and
departemen dan unit bisnis guna memastikan proses kerja yang business units to ensure standardized, accountable, and consistent
terstandarisasi, akuntabel, dan selaras dengan prinsip-prinsip COEC. work processes aligned with the principles of the COEC. Through a
Melalui kombinasi antara sosialisasi, penguatan kebijakan, serta combination of dissemination, policy strengthening, and internal
penyempurnaan sistem pengendalian, Perseroan memastikan bahwa control enhancement, the Company ensures that COEC implementation
implementasi COEC dapat berjalan secara efektif dan berkelanjutan. is carried out effectively and sustainably.
PENGHARGAAN DAN SANKSI REWARDS AND SANCTIONS
Dalam rangka memastikan efektivitas penerapan COEC, Perseroan To ensure the effective implementation of the COEC, the Company
menerapkan mekanisme penghargaan dan sanksi secara proporsional. applies a proportional system of rewards and sanctions. Individuals
Individu yang menunjukkan kepatuhan dan perilaku sesuai dengan who demonstrate compliance and uphold the Company’s ethical values
nilai-nilai etika perusahaan dapat memperoleh apresiasi sebagai may receive recognition as part of reinforcing a culture of integrity.
bentuk penguatan budaya integritas.
Sebaliknya, setiap pelanggaran terhadap ketentuan dalam COEC akan Conversely, any violation of the COEC will be subject to sanctions
dikenakan sanksi sesuai dengan tingkat pelanggaran yang dilakukan, in accordance with the severity of the violation, ranging from
mulai dari sanksi administratif hingga tindakan disipliner lainnya sesuai administrative sanctions to other disciplinary actions in line with
dengan peraturan internal dan ketentuan yang berlaku. Penegakan internal regulations and applicable provisions. The enforcement of
sanksi ini dilakukan secara konsisten dan objektif guna menjaga sanctions is carried out consistently and objectively to maintain the
kredibilitas serta integritas Perseroan. Company’s credibility and integrity.
KEBIJAKAN PEMBERIAN KOMPENSASI JANGKA
PANJANG BERBASIS KINERJA KEPADA MANAJEMEN
DAN/ATAU KARYAWAN
POLICY ON LONG-TERM PERFORMANCE-BASED COMPENSATION FOR
MANAGEMENT AND/OR EMPLOYEES
Perseroan pernah melaksanakan program kepemilikan saham bagi The Company has implemented an employee share ownership program
karyawan dalam bentuk Employee Stock Allocation (ESA) yang in the form of an Employee Stock Allocation (ESA), which was conducted
dilaksanakan bersamaan dengan Penawaran Umum Perdana Saham in conjunction with the Company’s Initial Public Offering (IPO) in 2023.
(IPO) Perseroan pada tahun 2023. Program ESA tersebut mengacu The ESA program was based on the Circular Resolution of Shareholders
pada Keputusan Sirkuler Para Pemegang Saham sebagai pengganti in lieu of a General Meeting of Shareholders dated December 12, 2022,
RUPS tanggal 12 Desember 2022 sebagaimana dituangkan dalam Akta as stipulated in the Deed of Shareholders’ Resolution No. 145 dated
Pernyataan Keputusan Pemegang Saham No. 145 tanggal 15 Desember December 15, 2022.
2022.
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Dalam program ESA tersebut, Perseroan mengalokasikan sebanyak Under this ESA program, the Company allocated 35,000,000 shares,
35.000.000 lembar saham atau setara dengan 0,44% dari jumlah saham representing 0.44% of the total shares offered in the IPO, with an
yang ditawarkan dalam IPO, dengan harga pelaksanaan yang sama exercise price equal to the offering price. The program was intended
dengan harga penawaran. Program ini bertujuan untuk meningkatkan to enhance employees’ sense of ownership, encouraging motivation
rasa kepemilikan (sense of belonging), mendorong motivasi dan and productivity, and support the retention of skilled and professional
produktivitas kerja, serta mempertahankan tenaga kerja yang talent within the Company.
kompeten dan profesional di lingkungan Perseroan.
Pelaksanaan ESA dilakukan dalam bentuk penjatahan pasti (fixed The ESA was implemented through a fixed allotment mechanism for
allotment) kepada karyawan yang memenuhi kriteria yang telah eligible employees, subject to limitations on the number of shares and
ditetapkan, dengan pembatasan jumlah pembelian saham dan tanpa without any lock-up period. Shares acquired under the ESA carry the
periode penguncian (lock-up period). Saham yang diperoleh melalui same rights as other shares, including voting rights at the GMS and
program ESA memiliki hak yang setara dengan saham lainnya, termasuk entitlement to dividends.
hak suara dalam RUPS dan hak atas dividen.
Program ESA tersebut telah dilaksanakan bersamaan dengan Following the completion of the ESA in connection with the Company’s
pelaksanaan IPO Perseroan pada tahun 2023. Setelah pelaksanaan IPO in 2023, the Company has not implemented any additional long-
program tersebut, hingga akhir tahun 2025, Perseroan belum kembali term share-based compensation programs for management and/or
menyelenggarakan program kompensasi jangka panjang berbasis employees, including Employee Stock Ownership Programs (ESOP) or
saham kepada manajemen dan/atau karyawan, termasuk dalam bentuk Management Stock Option Programs (MSOP), up to the end of 2025.
Employee Stock Ownership Program (ESOP) maupun Management
Stock Option Program (MSOP).
KEBIJAKAN PENGUNGKAPAN KEPEMILIKAN SAHAM
ANGGOTA DIREKSI DAN ANGGOTA DEWAN KOMISARIS
POLICY ON DISCLOSURE OF SHARE OWNERSHIP BY THE BOARD OF
DIRECTORS AND THE BOARD OF COMMISSIONERS
Perseroan mengacu pada Peraturan OJK No. 4/2024 tentang Laporan The Company refers to Financial Services Authority Regulation No.
Kepemilikan atau Setiap Perubahan Kepemilikan Saham Perusahaan 4/2024 concerning the Reporting of Share Ownership or Changes
Terbuka dalam menetapkan kewajiban pelaporan kepemilikan saham in Share Ownership of Public Companies in establishing reporting
oleh anggota Direksi dan Dewan Komisaris. Setiap anggota Direksi dan obligations for share ownership by members of the Board of Directors
Dewan Komisaris yang memiliki saham Perseroan, baik secara langsung and the Board of Commissioners. Any member of the Board of Directors
maupun tidak langsung, wajib melaporkan kepemilikan dan setiap or the Board of Commissioners who holds shares in the Company, either
perubahannya kepada OJK sesuai dengan ketentuan yang berlaku. directly or indirectly, is required to report such ownership and any
changes thereto to the OJK in accordance with applicable regulations.
Namun demikian, hingga akhir tahun 2025, seluruh anggota Direksi However, as of the end of 2025, none of the members of the Board of
dan Dewan Komisaris tidak memiliki saham Perseroan, baik secara Directors and the Board of Commissioners hold shares in the Company,
langsung maupun tidak langsung. Oleh karena itu, tidak terdapat either directly or indirectly. Accordingly, there are no reports of share
laporan kepemilikan maupun perubahan kepemilikan saham yang ownership or changes in share ownership to be disclosed.
perlu disampaikan.
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SISTEM PELAPORAN PELANGGARAN
WHISTLEBLOWING SYSTEM
Perseroan menerapkan Sistem Pelaporan Pelanggaran atau The Company implements a Whistleblowing System (“WBS”) as part
Whistleblowing System (“WBS”) sebagai bagian dari upaya memperkuat of its efforts to strengthen the GCG implementation, internal controls,
penerapan GCG, pengendalian internal, serta budaya integritas di and a culture of integrity throughout the organization. The WBS serves
seluruh lini organisasi. WBS merupakan mekanisme yang digunakan as a mechanism for managing complaints or disclosures regarding
untuk mengelola pengaduan atau pengungkapan atas dugaan alleged unlawful conduct, unethical or improper actions, violations of
perilaku melawan hukum, tindakan tidak etis atau tidak semestinya, the Company’s policies and/or regulations, as well as acts or behavior
pelanggaran terhadap kebijakan dan/atau peraturan Perseroan, that may potentially harm the Company from operational, reputational,
serta perbuatan atau perilaku yang berpotensi merugikan Perseroan, or economic perspectives. The system covers reports involving the
baik dari aspek operasional, reputasi, maupun ekonomis. Sistem ini Company’s personnel, Subsidiaries, Associated/Affiliated Entities, as
mencakup pelaporan yang melibatkan anggota Perseroan, Entitas well as third parties having working relationships with the Company.
Anak, Entitas Asosiasi/Afiliasi, maupun pihak ketiga yang memiliki
hubungan kerja dengan Perseroan.
Pelaksanaan WBS mengacu pada Kebijakan tentang Whistleblowing The implementation of the WBS refers to the Whistleblowing System
System yang pertama kali diterbitkan pada 13 Desember 2022 dan Policy, which was first issued on December 13, 2022 and subsequently
telah direvisi pada 17 April 2024. Kebijakan tersebut disetujui dan revised on April 17, 2024. The policy was ratified and signed by the
ditandatangani oleh Direksi serta berlaku bagi seluruh anggota Board of Directors and applies to all Company members, Subsidiaries,
Perseroan, Entitas Anak, Entitas Asosiasi/Afiliasi, dan pihak ketiga yang Associated Entities /Affiliated Parties, and third parties having working
memiliki hubungan kerja atau berinteraksi dengan Perseroan. relationships or interacting with the Company.
RUANG LINGKUP SCOPE
Ruang lingkup WBS mencakup berbagai bentuk dugaan pelanggaran The scope of the WBS covers various forms of alleged violations that may
yang berpotensi merugikan Perseroan, baik dari aspek operasional, potentially harm the Company from operational, legal, reputational,
hukum, reputasi, maupun finansial. Pelanggaran yang dapat dilaporkan or financial perspectives. Violations that may be reported through the
melalui mekanisme WBS antara lain meliputi: WBS mechanism include, among others:
1. Korupsi, gratifikasi, kecurangan (fraud), dan ketidakjujuran; 1. Corruption, gratification, fraud, and dishonesty;
2. Pelanggaran terhadap peraturan perundang-undangan, termasuk 2. Violations of laws and regulations, including tax provisions and
ketentuan perpajakan dan regulasi lainnya; other applicable regulations;
3. Perbuatan melawan hukum atau tindakan kriminal, termasuk 3. Unlawful acts or criminal activities, including theft, violence,
pencurian, kekerasan, pemerasan, penggunaan narkoba, extortion, drug abuse, harassment, and other illegal acts;
pelecehan, dan tindakan ilegal lainnya;
4. Pelanggaran terhadap Pedoman Etika dan Perilaku, Standar 4. Violations of the Code of Ethics and Conduct, Standard Operating
Operasional Prosedur (SOP), serta norma-norma kesopanan dan Procedures (SOPs), as well as norms of decency and professionalism
profesionalisme di lingkungan kerja; in the workplace;
5. Tindakan yang membahayakan keselamatan dan kesehatan kerja 5. Actions that endanger occupational health and safety (OHS) or the
(K3) maupun keamanan Perseroan; security of the Company;
6. Perbuatan yang berpotensi menimbulkan kerugian finansial 6. Acts that may potentially cause financial or non-financial losses or
maupun non-finansial atau merugikan kepentingan Perseroan; otherwise harm the interests of the Company;
7. Aktivitas yang dapat dikategorikan sebagai pencucian uang (money 7. Activities that may be categorized as money laundering; and/or
laundering); dan/atau
8. Pelanggaran terhadap prinsip dan praktik usaha yang berlaku 8. Violations of generally accepted business principles and practices,
umum, termasuk risiko yang berkaitan dengan Conflict-Affected including risks related to Conflict-Affected and High-Risk Areas
and High-Risk Areas (CAHRA). (CAHRA).
Dalam konteks CAHRA, pelanggaran yang dimaksud mencakup In the context of CAHRA, such violations include, among others, all
antara lain segala bentuk tindakan tidak manusiawi dan pelanggaran forms of inhumane acts and human rights violations, forced labor,
hak asasi manusia, kerja paksa, pekerja anak, kekerasan seksual, child labor, sexual violence, war crimes or serious violations of
kejahatan perang atau pelanggaran serius terhadap hukum humaniter international humanitarian law, support for non-state armed groups,
internasional, dukungan terhadap kelompok bersenjata non-negara, bribery and fraud relating to the origin of minerals, money laundering,
penyuapan dan penipuan terkait asal-usul mineral, pencucian uang, non-payment of taxes and royalties to the government, inadequate
ketidakpatuhan terhadap kewajiban pembayaran pajak dan royalti occupational safety conditions, as well as actions that negatively affect
kepada pemerintah, kondisi keselamatan kerja yang tidak memadai, the environment, climate, and human health.
serta tindakan yang berdampak negatif terhadap lingkungan hidup,
iklim, dan kesehatan manusia.
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ALUR PELAPORAN PELANGGARAN
WHISTLEBLOWING REPORTING PROCESS
Tim Pelaporan
01 Pelapor
Whistleblower 02 Pelanggaran
Whistleblowing System
03 Komite Etik dan Risiko
Ethics and Risk Committee
Menyampaikan laporan Menerima laporan, melakukan analisis Jika hasil investigasi awal membuktikan kebenaran laporan
pengaduan melalui e-mail: dan investigasi awal laporan, serta pengaduan, Komite Etik dan Risiko memutuskan apakah
pengaduan@haritanickel. menyerahkan laporan hasil investigasi awal diperlukan investigasi lanjutan (dapat melibatkan pihak
com atau media elektronik kepada Komite Etik dan Risiko eksternal jika diperlukan). Jika tidak terbukti, laporan
resmi Perseroan lainnya. pengaduan langsung ditutup.
Receive the complaint report, conduct
Submit a complain report initial analysis and investigation of the If the initial investigation results prove the truth of the
via e-mail: pengaduan@ report, and submit report on the results of complaint report, the Ethics and Risk Committee decides
haritanickel.com or other initial investigation to the Ethics and Risk whether further investigation is necessary (may involve
official Company electronic Committee. external parties if necessary). If not proven, the complaint
media. report is closed immediately.
Tim Pelaporan
06 Pelanggaran
Whistleblowing Team
05 Komite Etik dan Risiko
Ethics and Risk Committee 04 Tim Investigasi
Investigation Team
• Mendokumentasikan seluruh tahapan Berdasarkan laporan hasil investigasi lanjutan, menetapkan Melakukan investigasi lanjutan
proses WBS dengan baik dan dapat rekomendasi tindakan selanjutnya. Jika tidak terbukti atau dan melaporkan hasilnya kepada
dipertanggungjawabkan. selesai, maka laporan pengaduan akan ditutup. Jika laporan Komite Etik dan Risiko.
• Menyampaikan hasil investigasi kepada pengaduan terbukti, maka akan dikenakan sanksi dan/atau
Conduct further investigations
pelapor. remediasi sesuai Peraturan Perusahaan.
and report the results to the
Based on Further Investigation Report from, determine Ethics and Risk Committee.
• Documents all stages of the WBS process recommendations for further action. If not proven or completed.
properly and responsibly. The complain report will be closed. If the complaint report is
• Delivers the investigation result to the proven, sanctions and/or remediation will be implemented in
Whistleblower. accordance with the Company’s Regulation..
PERLINDUNGAN TERHADAP PELAPOR ATAU PIHAK TERKAIT PROTECTION FOR WHISTLEBLOWERS AND RELATED
PARTIES
Perseroan menjamin kerahasiaan identitas Pelapor (whistleblower) The Company guarantees the confidentiality of the identity of
maupun pihak-pihak yang terkait dengan pelaporan pelanggaran. whistleblowers and parties related to the reported violations. The
Perseroan juga memberikan perlindungan kepada Pelapor dari Company also provides protection to whistleblowers against any form
segala bentuk ancaman, intimidasi, tekanan, maupun tindakan of threats, intimidation, pressure, or other adverse actions from any
tidak menyenangkan lainnya dari pihak manapun atas laporan yang party in relation to reports submitted in good faith.
disampaikan dengan itikad baik.
Perlindungan dan kerahasiaan tersebut tidak hanya berlaku bagi Such protection and confidentiality apply not only to whistleblowers,
Pelapor, tetapi juga bagi pihak yang terlibat dalam proses investigasi but also to parties involved in the investigation process and those
maupun pihak yang memberikan informasi terkait pengaduan yang providing information related to the reported complaint.
disampaikan.
Ketentuan mengenai kerahasiaan dan perlindungan tersebut tetap The confidentiality and protection provisions shall remain in effect as
berlaku sepanjang Pelapor menjaga kerahasiaan informasi pelanggaran long as the whistleblower maintains the confidentiality of the reported
yang dilaporkan dan tidak menyebarluaskannya kepada pihak lain information and does not disclose it to other parties before such
sebelum informasi tersebut menjadi konsumsi publik sesuai ketentuan information becomes publicly available in accordance with applicable
yang berlaku. regulations.
SANKSI DAN REMEDIASI SANCTIONS AND REMEDIATION
Setiap laporan yang terbukti akan ditindaklanjuti sesuai dengan Any reported violation that is proven will be followed up in accordance
ketentuan dan peraturan yang berlaku di Perseroan. Bentuk sanksi with the Company’s applicable policies and regulations. Sanctions
terhadap pihak yang terbukti melakukan pelanggaran dapat berupa imposed on parties proven to have committed violations may include
sanksi administratif, tindakan disipliner, hingga proses hukum sesuai administrative sanctions, disciplinary actions, or legal proceedings
dengan tingkat dan jenis pelanggaran yang dilakukan. depending on the severity and nature of the violation.
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Untuk pelanggaran yang dikategorikan sebagai perbuatan melawan For violations categorized as unlawful acts and/or breaches of
hukum dan/atau melanggar peraturan perundang-undangan yang applicable laws and regulations, the Company will follow up and
berlaku, Perseroan akan menindaklanjuti dan memprosesnya sesuai process such matters in accordance with prevailing legal provisions.
dengan ketentuan hukum yang berlaku.
Selain penegakan sanksi, Perseroan juga berkomitmen untuk In addition to the enforcement of sanctions, the Company is also
melakukan langkah-langkah remediasi dan pemulihan atas dampak committed to undertaking remediation and recovery measures for any
negatif yang timbul, baik secara langsung maupun melalui kerja sama negative impacts caused, wether directly or through collaboration with
dengan mitra bisnis dan pemangku kepentingan terkait. Perseroan business partners and relevant stakeholders. The Company involves
melibatkan para pemangku kepentingan yang terdampak dalam proses affected stakeholders in the process of designing and implementing
perancangan dan pelaksanaan tindakan remediasi, serta berkomitmen remedial actions and is committed to applying principle of non-
menerapkan prinsip non-repetition guna mencegah terulangnya repetition to prevent the recurrence of similar violations in the future.
pelanggaran serupa di masa mendatang.
Dalam hal pemangku kepentingan atau pihak yang terdampak memilih In the event that stakeholders or affected parties choose to pursue legal
menempuh jalur hukum secara independen, baik pada tingkat nasional iremedies independently, whether at the national or international level,
maupun internasional, Perseroan menghormati hak tersebut dan the Company respects such rights and is committed not to interfere with
berkomitmen untuk tidak melakukan intervensi terhadap proses yang the legal process conducted in accordance with applicable regulations.
berjalan sesuai dengan ketentuan yang berlaku.
Apabila penyelesaian melalui dialog belum mencapai kesepakatan Where resolution through dialogue cannot be achieved in a mutual
bersama, Perseroan dapat mendorong penyelesaian melalui mediator agreeement, the Company may pursue resolution settlement through
independen atau mekanisme lain yang disepakati oleh para pihak an independent mediator or other mutually agreed mechanisms agreed
terkait. upon the relevant parties.
PELATIHAN DAN SOSIALISASI TRAINING AND SOCIALIZATION
Perseroan terus memperkuat implementasi WBS sebagai bagian dari The Company continues to strengthen the implementation of the WBS
komitmen terhadap penerapan GCG, pengendalian internal, dan as part of its commitment to Good Corporate Governance (“GCG”),
budaya integritas di lingkungan kerja. Sepanjang tahun 2025, Perseroan internal control, and a culture of integrity within the workplace.
secara aktif melakukan sosialisasi WBS kepada seluruh karyawan dan Throughout 2025, the Company actively conducted WBS socialization
pemasok, termasuk terkait mekanisme pelaporan, media pelaporan programs for all employees and suppliers, including information
yang tersedia, serta perlindungan terhadap pelapor. regarding reporting mechanisms, available reporting channels, and
whistleblower protection.
Kegiatan sosialisasi tersebut dilaksanakan secara terintegrasi dengan These socialization activities were carried out in an integrated manner
program penguatan budaya kepatuhan, etika, dan anti-fraud guna with programs aimed at strengthening compliance, ethics, and anti-
meningkatkan pemahaman serta partisipasi seluruh pemangku fraud culture in order to enhance the understanding and participation
kepentingan dalam mendukung penerapan WBS yang efektif. of all stakeholders in supporting the effective implementation of the
WBS.
PENANGANAN PENGADUAN HANDLING OF REPORTS
Seluruh laporan yang diterima melalui mekanisme WBS diproses All reports received through the WBS mechanism are processed
secara sistematis, objektif, profesional, dan dengan tetap menjaga systematically, objectively, professionally, and with due regard to
prinsip kerahasiaan. Setiap laporan akan melalui proses verifikasi dan confidentiality principles. Each report undergoes a verification and
penelaahan sesuai dengan ketentuan yang berlaku untuk memastikan review process in accordance with applicable provisions to ensure
tindak lanjut yang tepat dan proporsional. appropriate and proportionate follow-up actions.
Pada tahun 2025, Perseroan menerima 38 laporan dugaan pelanggaran In 2025, the Company received 38 reports of alleged violations
yang disampaikan melalui mekanisme WBS dengan hasil penanganan submitted through the WBS mechanism, with the handling outcomes
sebagai berikut: as follows:
Persentase
Kategori Laporan WBS Jumlah Laporan
Percentage
WBS Report Category Number of Reports
(%)
Terbukti Kebenarannya | Substantiated 20 52,63
Tidak dapat disimpulkan karena kurang informasi pendukung 2 5,26
Inconclusive due to insufficient supporting information
Tidak terbukti kebenarannya | Unsubstantiated 7 18,42
Tidak termasuk WBS | Not categorized as WBS 9 23,68
JUMLAH | TOTAL 38 100
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Dokumen Kebijakan Whistleblowing System dapat diakses dan diunduh
melalui situs web Perseroan pada https://tbpnickel.com/id/kebijakan-2.
Selain itu, Perseroan juga menyediakan kanal pengaduan Whistleblowing
melalui situs web resmi Perseroan di https://tbpnickel.com/id/
whistleblowing yang dapat digunakan oleh pemangku kepentingan untuk
menyampaikan laporan secara aman dan rahasia.
The Company’s Whistleblowing System Policy can be accessed and downloaded
through the Company’s website at https://tbpnickel.com/id/kebijakan-2. In addition,
the Company provides a dedicated Whistleblowing reporting channel through its
official website at https://tbpnickel.com/id/whistleblowing, which can be used by
stakeholders to submit reports in a secure and confidential manner.
KEBIJAKAN ANTI PENYUAPAN/ GRATIFIKASI,
KORUPSI, DAN PENCUCIAN UANG
ANTI BRIBERY/ GRATIFICATION, CORRUPTION, AND MONEY LAUNDERING
POLICY
Perseroan bersama Entitas Anak dan Entitas Asosiasi (“Grup The Company, together with its Subsidiaries and Associated Entities
Perseroan”) menerapkan kebijakan anti-penyuapan, anti-korupsi, dan (“the Group”), implements an anti-bribery, anti-corruption, and
pencegahan pencucian uang sebagai bagian integral dari penerapan anti-money laundering policy as an integral part of good corporate
GCG. Grup Perseroan tidak memberikan toleransi terhadap segala governance practices. The Group maintains zero tolerance for any
bentuk penyuapan, gratifikasi, korupsi, maupun pencucian uang, form of bribery, gratification, corruption, or money laundering and
serta berkomitmen menjalankan kegiatan usaha secara bersih, etis, is committed to conducting its business in a clean, ethical manner in
dan sesuai dengan ketentuan peraturan perundang-undangan yang compliance with applicable laws and regulations.
berlaku.
Kebijakan ini diterbitkan sebagai bagian dari program pencegahan This policy was established as part of the Group’s fraud prevention
kecurangan dan berlaku bagi seluruh karyawan, Direksi, dan Dewan program and applies to all employees, as well as members of the Board
Komisaris. Kebijakan tersebut menjadi pedoman dalam menentukan of Directors and the Board of Commissioners. It serves as a guideline in
sikap dan respons atas potensi pelanggaran, sekaligus memperkuat determining appropriate conduct and responses to potential violations,
sistem pengendalian internal baik keuangan maupun non-keuangan. while strengthening both financial and non-financial internal control
Penerapan kebijakan ini juga mencerminkan komitmen Grup Perseroan systems. The implementation of this policy also reflects the Group’s
dalam meningkatkan kredibilitas dan memastikan kepatuhan terhadap commitment to enhancing credibility and upholding the GCG principles.
prinsip GCG.
PEDOMAN ANTI PENYUAPAN DAN GRATIFIKASI ANTI-BRIBERY AND GRATIFICATION GUIDELINES
Grup Perseroan menetapkan larangan tegas terhadap segala The Group strictly prohibits all forms of bribery and gratification,
bentuk penyuapan dan gratifikasi, baik dalam bentuk menawarkan, including offering, promising, giving, or receiving improper benefits.
menjanjikan, memberikan, maupun menerima keuntungan yang tidak All employees, members of the Board of Directors, and the Board of
semestinya. Seluruh karyawan, Direksi, dan Dewan Komisaris, termasuk Commissioners, including parties acting on behalf of the Company,
pihak yang bertindak atas nama Perseroan, wajib mematuhi ketentuan are required to comply with these provisions and applicable laws and
ini serta peraturan perundang-undangan yang berlaku. regulations.
Pemberian hadiah atau bentuk jamuan kepada pihak ketiga hanya The provision of gifts or hospitality to third parties is only permitted
diperkenankan dalam kondisi yang telah diatur secara ketat. Dalam hal under strictly regulated conditions. In cases where gifts are received
terdapat pemberian dari pihak eksternal, penerima diwajibkan untuk from external parties, recipients are required to refuse or return such
menolak atau mengembalikan pemberian tersebut. Apabila dalam gifts. If refusal is not feasible under certain circumstances, acceptance
kondisi tertentu penolakan tidak memungkinkan, penerimaan hanya may only be allowed on a limited basis with prior management approval
dapat dilakukan secara terbatas dengan persetujuan manajemen and must be properly recorded and reported, followed by appropriate
serta wajib dilaporkan dan dicatat, untuk kemudian ditindaklanjuti actions such as donation, shared use within the department, or other
sesuai ketentuan, seperti didonasikan, digunakan untuk kepentingan transparent arrangements.
bersama, atau mekanisme lain yang transparan.
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PENGUATAN KEBIJAKAN ANTI-KORUPSI DAN SOSIALISASI STRENGTHENING ANTI-CORRUPTION POLICY AND
AWARENESS
alam mendukung implementasi kebijakan secara efektif, Perseroan juga To support effective implementation, the Company also enforces
menerapkan kebijakan pendukung, antara lain pengelolaan konflik supporting policies, including conflict of interest management,
kepentingan, penerapan kode etik perusahaan, serta penyediaan adherence to the Company’s code of ethics, and the provision of secure
mekanisme pelaporan pelanggaran yang aman dan bebas dari risiko and retaliation-free reporting mechanisms.
pembalasan.
Perseroan secara konsisten menyelenggarakan program pelatihan The Company consistently conducts anti-corruption training and
dan sosialisasi anti-korupsi kepada seluruh karyawan, baik melalui awareness programs for all employees, both through annual training
pelatihan tahunan maupun pembaruan kebijakan secara berkala. sessions and periodic policy refreshers. In 2025, all employees
Pada tahun 2025, seluruh karyawan telah mengikuti program tersebut, participated in these programs, demonstrating increased awareness of
yang menunjukkan peningkatan pemahaman terhadap risiko dan corruption risks and preventive measures within the workplace.
pencegahan korupsi di lingkungan kerja.
MEKANISME PELAPORAN REPORTING MECHANISM
Grup Perseroan menyediakan saluran pelaporan yang dapat diakses The Group provides reporting channels accessible to both internal and
oleh karyawan maupun pihak eksternal untuk melaporkan dugaan external parties to report suspected violations, including through official
pelanggaran, termasuk melalui email resmi dan media elektronik email and other electronic media. These mechanisms are designed
lainnya. Mekanisme ini dirancang untuk memastikan setiap laporan to ensure that reports can be submitted in a secure, confidential, and
dapat disampaikan secara aman, rahasia, dan independen. independent manner.
PENGUATAN KEPATUHAN MELALUI PAKTA INTEGRITAS STRENGTHENING COMPLIANCE THROUGH INTEGRITY PACT
DENGAN MITRA KERJA WITH BUSINESS PARTNERS
Sebagai bagian dari upaya memperkuat penerapan prinsip anti- As part of its efforts to strengthen the implementation of anti-
penyuapan, anti-korupsi, dan pencegahan pencucian uang secara bribery, anti-corruption, and anti-money laundering principles
menyeluruh, Perseroan juga menerapkan Pakta Integritas yang wajib comprehensively, the Company also enforces an Integrity Pact that
disetujui oleh pemasok dan mitra kerja sebelum menjalin kerja sama must be agreed upon by suppliers and business partners prior to
dengan Perseroan. entering into cooperation with the Company.
Melalui Pakta Integritas tersebut, mitra kerja diwajibkan untuk Through this Integrity Pact, business partners are required to comply
mematuhi seluruh ketentuan hukum dan kebijakan Perseroan, with all applicable laws and the Company’s policies, including provisions
termasuk ketentuan terkait Anti-Bribery and Corruption (ABC), related to Anti-Bribery and Corruption (ABC), regulatory compliance,
kepatuhan terhadap peraturan perundang-undangan yang berlaku, and the Company’s Code of Ethics and Conduct. Business partners are
serta Pedoman Etika dan Perilaku Perseroan. Mitra kerja juga dilarang also strictly prohibited from providing any form of gratification to the
memberikan gratifikasi dalam bentuk apa pun kepada pihak Perseroan, Company, whether directly or indirectly, and are required to avoid any
baik secara langsung maupun tidak langsung, serta wajib menghindari conflicts of interest throughout the duration of the cooperation.
benturan kepentingan selama masa kerja sama.
Selain itu, mitra kerja didorong untuk berperan aktif dalam menjaga In addition, business partners are encouraged to actively uphold
integritas dengan melaporkan setiap indikasi pelanggaran melalui integrity by reporting any indication of violations through the reporting
mekanisme yang telah ditetapkan oleh Perseroan. Setiap pelanggaran mechanisms established by the Company. Any breach of the Integrity
terhadap Pakta Integritas dapat dikenakan sanksi, termasuk Pact may result in sanctions, including termination of cooperation,
penghentian kerja sama, tanpa mengesampingkan ketentuan hukum without prejudice to applicable legal provisions.
yang berlaku.
Penerapan Pakta Integritas ini mencerminkan komitmen Perseroan The implementation of the Integrity Pact reflects the Company’s
untuk memastikan bahwa prinsip-prinsip integritas, transparansi, commitment to ensuring that principles of integrity, transparency,
dan kepatuhan tidak hanya diterapkan secara internal, tetapi juga di and compliance are not only applied internally but are also embedded
seluruh rantai nilai Perseroan. throughout the Company’s value chain.
PEDOMAN ANTI PENCUCIAN UANG ANTI-MONEY LAUNDERING GUIDELINES
Grup Perseroan mewajibkan seluruh organ perusahaan untuk The Group requires all corporate organs to ensure that business
memastikan bahwa seluruh aktivitas usaha terbebas dari praktik activities are free from money laundering practices. This includes
pencucian uang. Hal ini mencakup larangan terhadap tindakan prohibiting actions that conceal or disguise the origin of funds, the
menyembunyikan atau menyamarkan asal-usul dana, menggunakan use of assets suspected to be derived from criminal activities, or any
dana yang diduga berasal dari tindak pidana, maupun melakukan transactions that may violate applicable laws and regulations.
transaksi yang berpotensi melanggar ketentuan perundang-undangan.
Seluruh pemangku kepentingan internal juga diwajibkan menghindari All internal stakeholders are also required to avoid conflicts of interest
konflik kepentingan dalam transaksi serta tidak menyalahgunakan in transactions and are prohibited from abusing authority for personal
kewenangan untuk kepentingan pribadi. gain.
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PEMANTAUAN, INVESTIGASI, DAN TINDAK LANJUT MONITORING, INVESTIGATION, AND FOLLOW-UP
Pengawasan atas implementasi kebijakan dilakukan oleh Departemen Oversight of policy implementation is carried out by the Internal
Audit Internal yang bertugas memantau, melakukan investigasi Audit Department, which is responsible for monitoring, conducting
atas dugaan pelanggaran, serta menyampaikan hasil analisis dan investigations into suspected violations, and submitting analysis and
rekomendasi kepada Komite Audit dan Direksi secara berkala. recommendations to the Audit Committee and the Board of Directors
on a regular basis.
Perseroan juga menerapkan sistem pencatatan dan dokumentasi The Company also maintains a reporting and documentation system
atas setiap kejadian dan tindak lanjutnya sebagai bagian dari proses that records all incidents and their follow-up actions as part of
evaluasi berkelanjutan. Audit internal dilakukan secara periodik untuk continuous evaluation and improvement. Periodic internal audits are
memastikan kepatuhan terhadap kebijakan serta kesesuaian dengan conducted to ensure compliance with the policy and adherence to
standar akuntansi dan pelaporan yang berlaku. applicable accounting and financial reporting standards.
KEBIJAKAN KONFLIK KEPENTINGAN
CONFLICT OF INTEREST POLICY
Perseroan telah menetapkan Kebijakan Konflik Kepentingan sebagai The Company has established a Conflict of Interest Policy as a guideline
pedoman dalam mengidentifikasi, mengungkapkan, dan mengelola for identifying, disclosing, and managing potential conflicts of interest
potensi konflik kepentingan di seluruh kegiatan usaha. Kebijakan across all business activities. This policy applies to the Company, its
ini berlaku bagi Perseroan, Entitas Anak, dan Entitas Asosiasi, serta Subsidiaries, and Associated Entities, and covers all stakeholders
mencakup seluruh pemangku kepentingan yang terlibat dalam aktivitas involved in the Company’s business activities.
bisnis Perseroan.
Kebijakan ini disusun untuk memastikan bahwa setiap keputusan This policy is designed to ensure that all business decisions are made
bisnis diambil secara objektif, independen, dan bebas dari pengaruh objectively, independently, and free from personal interests that may
kepentingan pribadi yang dapat merugikan Perseroan. Perseroan adversely affect the Company. The Company defines a conflict of
mendefinisikan konflik kepentingan sebagai situasi di mana interest as a situation in which personal interests, family relationships,
kepentingan pribadi, hubungan keluarga, kepentingan keuangan, financial interests, or certain business relationships may influence
maupun hubungan bisnis tertentu berpotensi memengaruhi penilaian professional judgment and the integrity of decision-making.
profesional dan integritas pengambilan keputusan.
Dalam implementasinya, Perseroan mengklasifikasikan konflik In its implementation, the Company classifies conflicts of interest into
kepentingan ke dalam tiga kategori, yaitu konflik kepentingan aktual, three categories: actual, potential, and perceived conflicts of interest.
potensial, dan yang dirasakan (perceived conflict). Klasifikasi ini This classification aims to ensure that any potential conflict is identified
bertujuan untuk memastikan bahwa setiap potensi konflik dapat early and managed appropriately before it impacts the Company’s
diidentifikasi secara dini dan dikelola secara tepat sebelum berdampak operations or reputation.
terhadap kegiatan usaha maupun reputasi Perseroan.
Seluruh pihak yang memiliki hubungan kerja atau transaksi dengan All parties engaged in employment or transactions with the Company
Perseroan diwajibkan untuk mengungkapkan setiap konflik are required to disclose any conflict of interest through established
kepentingan melalui mekanisme yang telah ditetapkan, baik pada mechanisms, either at the outset of engagement or when a potential
saat awal keterlibatan maupun apabila potensi konflik muncul dalam conflict arises during the course of business activities. Disclosures
pelaksanaan kegiatan usaha. Pengungkapan dilakukan melalui are made through a designated form and/or via the available
formulir khusus dan/atau melalui mekanisme Whistleblowing System Whistleblowing System.
yang tersedia.
Setiap pengungkapan akan ditelaah oleh Tim Pelaporan Pelanggaran Each disclosure is reviewed by the Whistleblowing Team and
dan dikoordinasikan dengan Komite Etik & Risiko untuk menentukan coordinated with the Ethics & Risk Committee to determine
langkah penanganan yang tepat, termasuk apabila diperlukan appropriate handling measures, including further investigation and
dilakukan investigasi lebih lanjut serta rekomendasi tindakan mitigasi. recommendations for mitigation where necessary. The entire conflict of
Seluruh proses pengelolaan konflik kepentingan dilaksanakan secara interest management process is conducted objectively, independently,
objektif, independen, dan menjaga kerahasiaan, serta dilengkapi and with strict confidentiality, and includes a firm prohibition against
dengan larangan tegas terhadap tindakan pembalasan kepada pelapor retaliation toward whistleblowers acting in good faith.
yang beritikad baik.
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Sebagai bagian dari penguatan implementasi, Perseroan juga secara As part of strengthening implementation, the Company also conducts
berkala melakukan sosialisasi dan pelatihan kepada karyawan serta regular training and socialization for employees and relevant
pemangku kepentingan terkait untuk meningkatkan pemahaman stakeholders to enhance understanding of the identification and
mengenai identifikasi dan pengelolaan konflik kepentingan. Kebijakan management of conflicts of interest. This policy is implemented in an
ini juga diterapkan secara terintegrasi dengan kebijakan lainnya, integrated manner with other policies, including the Code of Ethics and
termasuk Pedoman Etika dan Perilaku, Kebijakan Anti Penyuapan, Conduct, the Anti-Bribery, Corruption, and Money Laundering Policy,
Korupsi, dan Pencucian Uang, serta Pakta Integritas. and the Integrity Pact.
Melalui penerapan kebijakan yang terstruktur dan terintegrasi ini, Through the implementation of this structured and integrated policy,
Perseroan memastikan bahwa setiap aktivitas usaha dijalankan dengan the Company ensures that all business activities are conducted with
menjunjung tinggi prinsip integritas, transparansi, dan akuntabilitas, integrity, transparency, and accountability, while minimizing risks
sekaligus meminimalkan risiko yang dapat timbul akibat konflik arising from conflicts of interest.
kepentingan.
PENGUNGKAPAN DAN REMEDIASI DISCLOSURE AND REMEDIATION
Sebagai bagian dari implementasi Pedoman Etika dan Perilaku, As part of the implementation of the Code of Ethics and Conduct,
Perseroan mewajibkan pengungkapan potensi konflik kepentingan the Company requires the disclosure of potential conflicts of interest
melalui mekanisme yang telah ditetapkan, termasuk melalui Sistem through established mechanisms, including the Whistleblowing
Pelaporan Pelanggaran (Whistleblowing System). Setiap laporan System. All reports received are reviewed and addressed objectively to
yang diterima akan ditelaah dan ditindaklanjuti secara objektif untuk ensure appropriate mitigation measures and maintain independence in
memastikan langkah mitigasi yang tepat serta menjaga independensi decision-making.
dalam pengambilan keputusan.
PENERAPAN PEDOMAN TATA KELOLA PERUSAHAAN
TERBUKA
IMPLEMENTATION OF PUBLIC COMPANY CORPORATE GOVERNANCE
GUIDELINES
Sesuai dengan Peraturan OJK No. 21/POJK.04/2015 tentang Penerapan Pursuant to OJK Regulation No. 21/POJK.04/2015 concerning the
Pedoman Tata Kelola Perusahaan Terbuka dan Surat Edaran OJK No. Implementation of Corporate Governance Guideline for Listed Company
32/SEOJK.04/2015 tentang Pedoman Tata Kelola Perusahaan Terbuka, and OJK Circular Letter No. 32/SEOJK.04/2015 concerning Corporate
Perseroan diwajibkan untuk mengungkapkan penerapan GCG yang Governance Guidelines for Listed Company, the Company is required
terdiri dari 5 (lima) aspek, 8 (delapan) prinsip, dan 25 (dua puluh to disclose the implementation of GCG which consists of 5 (five)
lima) rekomendasi penerapan aspek serta prinsip GCG berdasarkan aspects, 8 (eight) principles, and 25 (twenty-five) recommendations
pendekatan “comply or explain”. for implementing GCG aspects and principles based on the “comply or
explain” approach.
Aspek Prinsip Rekomendasi Pelaksanaan
Aspect Principle Recommendation Implementation
A. Hubungan perusahaan Prinsip 1: 1.1. Perusahaan terbuka memiliki cara Terpenuhi
terbuka dengan Meningkatkan nilai atau prosedur teknis pengumpulan
pemegang saham penyelenggaraan Rapat Umum suara (voting) baik secara
dalam menjamin hak- Pemegang Saham (RUPS). terbuka maupun tertutup yang
hak pemegang saham. mengedepankan independensi, dan
kepentingan pemegang saham.
Public company 1st Principle 1.1. The public company has voting Complied
relationship with Increasing the value fo methods or technical procedures,
shareholders in holding a General Meeting of both open and closed, which
guraranteeing assuring Shareholders (GMS). prioritize the independence and
the Shareholders’ interests of shareholders.
rights.
1.2. Seluruh anggota Direksi dan Terpenuhi
anggota Dewan Komisaris
perusahaan terbuka hadir dalam Pada RUPS Tahunan Tahun Buku 2024 tanggal 18 Juni
RUPS Tahunan. 2024, 4 (empat) dari 5 (lima) anggota Direksi hadir dan
1 (satu) tidak hadir secara fisik karena berkedudukan di
area operasi di Pulau Obi. Sedangkan seluruh anggota
Dewan Komisaris hadir.
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Aspek Prinsip Rekomendasi Pelaksanaan
Aspect Principle Recommendation Implementation
1.2. All members of the Board of Complied
Commissioners (“BOC”) and the At the Fiscal Year 2024 Annual GMS on June 18, 2025, 4
Board of Directors (“BOD”) of the (four) of 5 (five) members of the BOD were present and 1
public company attend the Annual (one) was not physically present since he was domiciled
GMS. in the operational area on Obi Island. Meanwhile, all
members of the BOC were present.
1.3. Ringkasan risalah RUPS tersedia Terpenuhi
dalam situs web perusahaan Perseroan mempublikasikan ringkasan risalah RUPST
terbuka paling sedikit selama 1 yang diselenggarakan pada tahun 2025 di situs web
(satu) tahun. Perseroan.
1.3. Summary of minutes of GNS is Complied
available on the public company’s The Company published a summary of the minutes of
website for at least 1 (one) year. AGMS held in 2025 on the Company's website.
Prinsip 2: 1.1. Perusahaan terbuka memiliki suatu Terpenuhi
Meningkatkan kualitas kebijakan komunikasi dengan Kebijakan komunikasi dengan pemegang saham atau
komunikasi perusahaan pemegang saham atau investor. investor Perseroan diatur di dalam Pedoman Etika dan
terbuka dengan pemegang Perilaku. Perseroan telah membangun komunikasi
saham atau investor. yang baik dan terbuka dengan pemegang saham atau
investor melalui kegiatan Analyst Investor Briefing,
Company Presentation triwulanan, dan kegiatan
lainnya yang dijalankan oleh Hubungan Investor
Perseroan.
2nd Principles: 1.1. A public company as a Complied
Improving the quality of communication policy with the The communication policy with the Company's
communications of the public shareholders or investors. shareholders of Investors is regulated in the Code of
company and the shareholders Ethics and Conduct. The Company has built good and
or investors. open communication with shareholders or investors
through Analyst Investor Briefing, quarterly Company
Presentations, and other activities carried out by the
Company's Investor Relations.
1.2. Perusahaan terbuka Terpenuhi
mengungkapkan kebijakan Perseroan memiliki Pedoman Etika dan Perilaku yang
komunikasi perusahaan terbuka juga mengatur perilaku hubungan dengan pemangku
dengan pemegang saham atau kepentingan termasuk pemegang saham, pelanggan,
investor dalam situs web. pemasok, mitra kerja, dan kreditur. Pedoman ini
diungkapkan di situs web Perseroan pada laman
https://tbpnickel.com/id/kode-etik.
1.2. The Public company discloses Complied
its communications policy with The Company has established a Code of Ethics
shareholders or investors via and Conduct that also governs relationships with
website. stakeholders, including shareholders, customers,
suppliers, business partners, and creditors. This Code
is disclosed on the Company’s website at https://
tbpnickel.com/id/kode-etik
B. Fungsi dan peran Prinsip 3: 1.1. Penentuan jumlah anggota Dewan Terpenuhi
Dewan Komisaris. Memperkuat keanggotaan dan Komisaris mempertimbangkan Penentuan jumlah anggota Dewan Komisaris Perseroan
komposisi Dewan Komisaris. kondisi perusahaan terbuka. telah mempertimbangkan kondisi dan kapasitas
Perseroan sesuai ketentuan POJK 33/2014 tentang
Direksi dan Dewan Komisaris Emiten atau Perusahaan
Publik, peraturan terkait lainnya termasuk Peraturan
BEI, Anggaran Dasar Perseroan serta Board Manual.
Functions and roles of 3rd Principle: 1.1. The determination of the number of Complied
the BOC Strengthen the membership members of the BOC by considering The determination of the number of members of the
and composition of the BOC. the condition of public company. Company’s BOC has considered the conditions and
capacities of the Company in accordance with POJK
33/2014 concerning the Board of Directors and Board of
Commissioners of Issuers or Public Companies, other
relevant regulations including the BEI Regulations,
the Company’s Articles of Association, and the Board
Manual.
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Tata Kelola Perusahaan
Corporate Governance
Aspek Prinsip Rekomendasi Pelaksanaan
Aspect Principle Recommendation Implementation
1.2. Penentuan komposisi anggota Terpenuhi
Dewan Komisaris memperhatikan Perseroan memiliki anggota Dewan Komisaris dengan
keberagaman keahlian, beragam pengalaman, keahlian, dan lain-lain. Informasi
pengetahuan dan pengalaman yang keberagaman Dewan Komisaris sudah diungkapkan di
dibutuhkan. dalam Laporan Tahunan.
1.2. Determination of the composition Complied
of members of the BOC considers The Company has members of the BOC with various
the diversity of skills, knowledge, experiences, expertise, and others. Information on the
and experience required. diversity of the BOC has been disclosed in the Annual
Report.
Prinsip 4: 1.1. Dewan Komisaris mempunyai Terpenuhi
Meningkatkan kualitas kebijakan penilaian sendiri (self Kebijakan penilaian kinerja Dewan Komisaris secara
pelaksanaan tugas dan assessment) untuk menilai kinerja self-assessment diatur di dalam Board Manual.
tanggung jawab Dewan Dewan Komisaris.
Komisaris.
4th Principle: 1.1. The BOC has self-assessment policy Complied
Improving the quality of to assess the performance of the The performance evaluation policy of the BOC through
implementation of duties and BOC. self-assessment is stipulated in the Board Manual.
responsibilities of the BOC.
1.2. Kebijakan penilaian sendiri (self Terpenuhi
assessment) untuk menilai kinerja
Dewan Komisaris, diungkapan
melalui laporan tahunan
perusahaan terbuka.
1.2. Self-assessment policy to assess the Complied
performance of the BOC is disclosed
in the annual report of a public
company.
1.3. Dewan Komisaris mempunyai Terpenuhi
kebijakan terkait pengunduran diri Perseroan telah memiliki kebijakan tentang
anggota Dewan Komisaris apabila pengunduran diri Dewan Komisaris dan Direksi yang
terlibat dalam kejahatan keuangan. dikeluarkan pada 13 Desember 2022.
1.3. The BOC has a policy regarding Complied
the resignation of members of the The Company has a policy on resignation of the BOC
BOC if they are involved in financial and the BOD established on December 13, 2022.
crimes.
1.4. Dewan Komisaris atau Komite yang Terpenuhi
menjalankan fungsi nominasi dan Perseroan telah memiliki Piagam Komite Nominasi
remunerasi menyusun kebijakan dan Remunerasi yang antara lain mengatur mengenai
suksesi dalam proses nominasi penilaian calon anggota Direksi sebelum ditetapkan
anggota Direksi. oleh RUPS.
1.4. The BOC or the committee that Complied
carries out the nomination and The Company has a Nomination and Remuneration
remuneration function formulates a Committee Charter which, among other things,
succession policy in the monination regulates the assessment on prospective members of
process for members of the BOD. the BOD before being determined by the GMS.
C. Fungsi dan peran Prinsip 5: 1.1. Penentuan jumlah anggota Direksi Terpenuhi
Direksi. Memperkuat keanggotaan dan mempertimbangkan kondisi Penentuan jumlah anggota Direksi Perseroan telah
komposisi Direksi. perusahaan terbuka serta efektivitas mempertimbangkan kondisi dan kapasitas Perseroan,
dalam pengambilan keputusan. sesuai ketentuan POJK 33/2014 dan peraturan terkait
lainnya termasuk Peraturan Peraturan BEI, Anggaran
Dasar Perseroan serta Board Manual.
Functions and roles of 5th Principle: 1.1. Determination of the number of Complied
the BOD. Strengthen the membership members of the BOD considers the The determination of the number of members of the
and composition opf the BOD. condition of the public company Company’s BOD has considered the condition and
and its effectiveness in making capacity of the Company, in accordance with POJK
decisions. 33/2014 and other related regulations including the BEI
Regulations, the Company’s Articles of Association and
the Board Manual.
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Aspek Prinsip Rekomendasi Pelaksanaan
Aspect Principle Recommendation Implementation
1.2. Penentuan komposisi anggota Terpenuhi
Direksi memperhatikan, Perseroan memiliki anggota Direksi dengan beragam
keberagaman, keahlian, pengalaman, keahlian, dan kompetensi yang saling
pengetahuan, dan pengalaman melengkapi dalam proses pengelolaan perusahaan
yang dibutuhkan. dan pengambilan keputusan. Informasi keberagaman
Direksi sudah diungkapkan dalam Laporan Tahunan.
1.2. Determination of the composition Complied
of members of the BOD considers The company has members of the BOD with various
the diversity of skills, knowledge, experiences, expertise, and competencies that
and experience required. complement each other in the company management
and decision-making process. Information on the
diversity of the BOD has been disclosed in the Annual
Report.
1.3. Anggota Direksi yang membawahi Terpenuhi
bidang akuntansi atau keuangan Perseroan memiliki seorang Direksi
memiliki keahlian dan/atau yang membawahi bidang akuntansi atau keuangan
pengetahuan di bidang akuntansi. yang memiliki keahlian dan/atau pengetahuan di
bidang akuntansi/keuangan.
1.3. Members of the BOD in charge Complied
of accounting or finance have The Company has a Director in charge of accounting
expertise and/or knowledge in or finance who has the expertise and/or knowledge in
accounting. accounting/finance.
Prinsip 6: 1.1. Direksi mempunyai kebijakan Terpenuhi
Meningkatkan kualitas penilaian sendiri (self assessment) Kebijakan penilaian kinerja Direksi secara self-
pelaksanaan tugas dan untuk menilai kinerja Direksi. assessment diatur di dalam Board Manual.
tanggung Jawab Direksi.
6th Principle: 1.1. The BOD has a self- assessment Complied
Improving the quality of policy to assess the performance of The performance evaluation policy of the BOD through
implementation of duties and the BOD. self-assessment is stipulated in the Board Manual.
responsibilities of the BOD.
1.2. Kebijakan penilaian sendiri (self Terpenuhi
assessment) untuk menilai kinerja
Direksi diungkapkan melalui
laporan tahunan perusahaan
terbuka.
1.2. The self-assessment policy to assess Complied
the performance of the BOD is
disclosed in the Public Company’s
Annual Report.
1.3. Direksi mempunyai kebijakan Terpenuhi
terkait pengunduran diri anggota Perseroan telah memiliki kebijakan tentang
Direksi apabila terlibat dalam pengunduran diri Dewan Komisaris dan Direksi yang
kejahatan keuangan. dikeluarkan pada 13 Desember 2022.
1.3. The BOD has a policy regarding Complied
the resignation of members of the The Company has a policy on resignation of the BOC
BOD if they are involved in financial and the BOD established on December 13, 2022.
crimes.
D. Partisipasi pemangku Prinsip 7: 1.1. Perusahaan terbuka memiliki Terpenuhi
kepentingan. Meningkatkan aspek tata kebijakan untuk mencegah Perseroan telah memiliki kebijakan terkait insider
kelola perusahaan melalui terjadinya insider trading. trading.
partisipasi pemangku
kepentingan.
Stakeholders’ 7th Principle: 1.1. A public company has a policy to Complied
participation Improving corporate prevent insider trading. The Company has policy concerning insider trading.
governance aspects through
stakeholders’ participation.
1.2. Perusahaan terbuka memiliki Terpenuhi
kebijakan antikorupsi dan anti Perseroan telah memiliki Kebijakan Anti-Penyuapan/
fraud. Gratifikasi, Korupsi, dan Pencucian Uang.
1.2. The public company has in place Complied
the anti-corruption and anti-fraud The Company has an Anti-Bribery/ Gratification,
policies. Corruption
and Money Laundering Policy.
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Tata Kelola Perusahaan
Corporate Governance
Aspek Prinsip Rekomendasi Pelaksanaan
Aspect Principle Recommendation Implementation
1.3. Perusahaan terbuka memiliki Terpenuhi
kebijakan tentang seleksi dan Perseroan telah memiliki mekanisme seleksi pemasok
peningkatan kemampuan pemasok seperti tertuang dalam Kebijakan tentang Seleksi &
atau vendor. Peningkatan Kemampuan Pemasok atau Vendor.
1.3. A public company has a policy Complied
regarding the selection and capacity The Company has established a supplier selection
building of suppliers. mechanism as outlined in the Policy on the Selection &
Capability Improvement of Suppliers or Vendors.
1.4. Perusahaan terbuka memiliki Terpenuhi
kebijakan tentang pemenuhan hak- Perseroan memenuhi segala hak kreditur sesuai dengan
hak kreditur. yang diperjanjikan antara Perseroan dengan kreditur
sebagaimana
tertuang dalam Kebijakan tentang
Pemenuhan Hak-hak Kreditur yang telah dibuat oleh
Perseroan.
1.4. A public company has a policy on Complied
the fulfillment of creditor’s rights. The Company fulfills all creditors’ rights as agreed upon
between the Company and creditors as regulated in the
Policy on Fulfillment of Creditors Rights that has been
made by the Company.
1.5. Perusahaan terbuka memiliki Terpenuhi
kebijakan sistem whistleblowing. Perseroan telah memiliki Kebijakan
Whistleblowing System serta menjalankannya sebagai
sistem pelaporan pelanggaran.
1.5. A public company has a Complied
whistleblowing system policy. The Company has a whistleblowing system Policy and
implementing it as a violation reporting system.
1.6. Perusahaan terbuka memiliki Terpenuhi
kebijakan pemberian insentif Perseroan telah memiliki mekanisme pemberian
jangka panjang kepada Direksi dan insentif jangka panjang, antara lain berupa bonus,
karyawan. kesehatan, serta manfaat pensiun. Termasuk di
dalamnya adalah kebijakan terkait dengan Employee
Stock Allocation (ESA) yang diterapkan pada saat
Perseroan akan melakukan proses penawaran umum.
1.6. A public company has a long-term Complied
incentives policy for the BOD and The Company has established a mechanism for
the employees. providing long-term incentives, including bonuses,
health, and retirement benefits. This includes policies
related to Employee Stock Allocation (ESA), which
will be implemented when the Company conducted a
public offering process.
E. Keterbukaan informasi. Prinsip 8: 1.1. Perusahaan terbuka memanfaatkan Terpenuhi
Meningkatkan pelaksanaan penggunaan teknologi informasi Selain menggunakan situs web, keterbukaan informasi
keterbukaan informasi. secara lebih luas selain situs Perseroan juga dilaksanakan melalui IDX Net, investor
web sebagai media keterbukaan meeting maupun paparan publik dengan teknologi
informasi. digital
(virtual) serta media sosial: Instagram, Youtube dan
situs web Perseroan.
Information 8th Principle: 1.1. A public Company takes advantage Complied
transparency. Enhance information of the use of information technology In addition to using the website, disclosure of Company
disclosure implementation. more broadly beside the website information is also carried out through IDX Net, investor
as a medium for information meetings, and public expose using digital (virtual)
disclosure. technology and social media: Instagram, Youtube and
Company website.
1.2. Laporan tahunan perusahaan Terpenuhi
terbuka mengungkapkan
kepemilikan saham perusahaan
terbuka paling sedikit 5%, selain
pengungkapan kepemilikan saham
perusahaan terbuka melalui
pemegang saham utama dan
pengendali.
1.2. The annual report of the public Complied
company discloses the public
company’s shares ownership of
at least 5%, in addition to the
disclosure of the public company’s
shares ownership through main and
controlling shareholders.
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KESESUAIAN PENERAPAN TATA KELOLA
PERUSAHAAN TERHADAP ASEAN CORPORATE
GOVERNANCE SCORECARD (ACGS)
ALIGNMENT OF CORPORATE GOVERNANCE IMPLEMENTATION WITH THE
ASEAN CORPORATE GOVERNANCE SCORECARD (ACGS)
Selain mengacu pada peraturan perundang-undangan yang berlaku In addition to complying with prevailing laws and regulations in
di Indonesia, Perseroan juga mempertimbangkan prinsip-prinsip Indonesia, the Company also takes into consideration the principles of
dalam ASEAN Corporate Governance Scorecard (ACGS) sebagai salah the ASEAN Corporate Governance Scorecard (ACGS) as a key reference
satu rujukan dalam memperkuat kualitas tata kelola perusahaan in strengthening the quality of its corporate governance in line with
sesuai dengan praktik terbaik di tingkat regional. ACGS merupakan regional best practices. The ACGS serves as a benchmarking framework
kerangka penilaian tata kelola perusahaan yang dikembangkan untuk designed to promote transparency, accountability, and the protection
meningkatkan transparansi, akuntabilitas, serta perlindungan terhadap of shareholders’ and stakeholders’ rights across ASEAN.
pemegang saham dan pemangku kepentingan di kawasan ASEAN.
Perseroan secara bertahap melakukan penyelarasan praktik dan The Company continuously enhances its governance practices and
pengungkapan tata kelola dengan prinsip-prinsip ACGS sebagai disclosures by gradually aligning them with ACGS principles as part of
bagian dari upaya peningkatan kualitas tata kelola yang berkelanjutan. its commitment to ongoing governance improvement. This approach
Pendekatan ini mencerminkan komitmen Perseroan untuk tidak hanya reflects the Company’s intention not only to comply with regulatory
memenuhi ketentuan regulasi yang berlaku, tetapi juga mengadopsi requirements, but also to adopt best practices that strengthen investor
praktik terbaik guna memperkuat kepercayaan investor dan pemangku confidence and stakeholder trust.
kepentingan lainnya.
Penerapan prinsip-prinsip ACGS tersebut disesuaikan dengan The application of ACGS principles is carried out in a measured and
karakteristik usaha, struktur organisasi, serta ketentuan regulasi progressive manner, taking into account the Company’s business
yang berlaku di Indonesia. Oleh karena itu, implementasinya characteristics, organizational structure, and the applicable
dilakukan secara bertahap, terukur, dan berkelanjutan dengan tetap regulatory framework in Indonesia. As such, the alignment process is
mempertimbangkan relevansi serta kebutuhan Perseroan dalam implemented in a structured and sustainable way, ensuring relevance
menjalankan kegiatan usahanya. and effectiveness in supporting the Company’s operations.
Secara umum, praktik tata kelola Perseroan telah mencerminkan Overall, the Company’s governance practices demonstrate general
keselarasan dengan prinsip-prinsip utama dalam ACGS, sebagaimana alignment with the key principles of the ACGS, as summarized below:
tergambar dalam ringkasan berikut:
Prinsip ACGS Kesesuaian Penerapan di Perseroan
ACGS Principles General Alignment in the Company
A. Hak-Hak Pemegang Saham Perseroan memastikan pemenuhan hak pemegang saham melalui penyelenggaraan RUPS yang transparan, partisipatif, dan
Rights of Shareholders memberikan akses informasi yang memadai.
The Company ensures the protection of shareholders’ rights through transparent and participatory General Meetings of
Shareholders, supported by adequate information disclosure.
B. Perlakuan Setara terhadap Perseroan menerapkan kebijakan yang menjamin perlakuan yang adil bagi seluruh pemegang saham, termasuk melalui
Pemegang Saham pengelolaan konflik kepentingan dan keterbukaan informasi.
Equitable Treatment of The Company upholds fair and equal treatment of all shareholders, supported by conflict of interest management and
Shareholders transparent disclosure practices.
C. Peran Pemangku Kepentingan Perseroan menghormati hak-hak pemangku kepentingan melalui penerapan kode etik, kebijakan keberlanjutan, serta
Role of Stakeholders hubungan kerja yang bertanggung jawab.
The Company recognizes and respects stakeholder rights through the implementation of the Code of Ethics, sustainability
policies, and responsible business practices.
D. Keterbukaan dan Transparansi Perseroan secara konsisten menyampaikan informasi yang relevan, akurat, dan tepat waktu melalui berbagai saluran
Disclosure and Transparency komunikasi, termasuk laporan tahunan dan situs web.
The Company consistently provides relevant, accurate, and timely information through various communication channels,
including the annual report and corporate website.
E. Tanggung Jawab Dewan Perseroan telah memiliki struktur dan mekanisme kerja Dewan yang mendukung fungsi pengawasan dan pengambilan
Responsibilities of the Board keputusan, serta terus melakukan penguatan dalam aspek efektivitas dan pengungkapan.
The Company has established governance structures and mechanisms that support effective oversight and decision-making,
while continuously strengthening board effectiveness and disclosure practices.
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PERTAMBANGAN
DAN PENGOLAHAN
YANG
BERTANGGUNG
JAWAB
Sustainable Responsible
Mining and Processing
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Pertambangan dan Pengolahan
yang Bertanggung Jawab
Sustainable Responsible Mining and Processing
MANAJEMEN KEBERLANJUTAN
DAN PERTAMBANGAN DAN PENGOLAHAN
YANG BERTANGGUNG JAWAB
Sustainability Management and Responsible Mining and
Processing
Keberlanjutan menjadi fondasi dalam menjaga ketahanan
operasional Perseroan, menciptakan nilai jangka panjang, dan
mendukung transisi energi yang bertanggung jawab.
Sustainability serves as the Company’s foundation for operational resilience, long-term
value creation, and responsible energy transition.
Segmen ini merupakan pengantar atas pengungkapan keberlanjutan This section is an introduction to the Company’s sustainability
Perseroan sebagaimana diatur dalam POJK No. 51/POJK.03/2017 disclosures as required under OJK Regulation No. 51/POJK.03/2017
tentang Penerapan Keuangan Berkelanjutan bagi Lembaga Jasa concerning the Implementation of Sustainable Finance for Financial
Keuangan, Emiten, dan Perusahaan Publik. Di segmen ini, Perseroan Services Institutions, Issuers, and Public Companies. In this section,
menyampaikan ringkasan pendekatan, tata kelola, strategi, serta the Company presents a summary of its sustainability approach,
kinerja keberlanjutan yang dijalankan dalam mendukung praktik governance, strategy, and performance in supporting responsible
pertambangan dan pengolahan nikel yang bertanggung jawab. nickel mining and processing practices.
Sebagai bagian dari komitmen terhadap transparansi dan pengelolaan As part of its commitment to transparency and integrated sustainability
keberlanjutan yang terintegrasi, Perseroan juga menyusun Laporan management, the Company also prepares a separate 2025 Sustainability
Keberlanjutan 2025 secara terpisah. Laporan tersebut merupakan Report. The report forms an inseparable part of the 2025 Annual
bagian yang tidak terpisahkan dari Laporan Tahunan 2025 Report of the Company and contains more comprehensive disclosures
Perseroan dan memuat pengungkapan yang lebih komprehensif regarding Environmental, Social, and Governance (ESG) aspects,
mengenai aspek Lingkungan, Sosial, dan Tata Kelola (ESG), termasuk including targets, achievements, and the progress of the Company’s
target, pencapaian, serta perkembangan implementasi strategi sustainability strategy implementation.
keberlanjutan Perseroan.
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Perseroan memandang keberlanjutan sebagai fondasi penting The Company views sustainability as an essential foundation for
dalam menjaga kesinambungan usaha sekaligus menciptakan nilai maintaining business continuity while creating long-term value for
jangka panjang bagi pemangku kepentingan. Seiring meningkatnya stakeholders. As nickel continues to play an increasingly important
peran nikel dalam mendukung transisi energi global, Perseroan terus role in supporting the global energy transition, the Company
memperkuat pengelolaan operasional yang bertanggung jawab melalui continues to strengthen responsible operational management
pengendalian dampak lingkungan, penghormatan terhadap hak asasi through environmental impact control, respect for human rights,
manusia, penguatan keselamatan kerja, pengembangan masyarakat, enhancement of occupational safety, community development, and
serta penerapan tata kelola yang transparan dan berintegritas. the implementation of transparent and integrity-driven governance
practices.
Dalam menjalankan strategi keberlanjutan, Perseroan In implementing its sustainability strategy, the Company integrates
mengintegrasikan berbagai standar dan praktik internasional ke various international standards and best practices into its operational
dalam pengelolaan operasional dan rantai nilai. Pendekatan tersebut and value chain management. This approach is reinforced through the
diperkuat melalui pengembangan kerangka keberlanjutan jangka development of a long-term sustainability framework, participation in
panjang, partisipasi dalam penilaian independen seperti Initiative independent assessments such as the Initiative for Responsible Mining
for Responsible Mining Assurance (IRMA) dan Responsible Minerals Assurance (IRMA) and the Responsible Minerals Assurance Process
Assurance Process (RMAP), serta penguatan sistem tata kelola dan (RMAP), as well as the strengthening of sustainability governance and
manajemen risiko keberlanjutan di seluruh area operasional. risk management systems across all operational areas.
Perseroan juga terus memperkuat penerapan berbagai standar dan The Company also continues to strengthen the implementation of
sistem manajemen yang diakui secara nasional maupun internasional, nationally and internationally recognized standards and management
termasuk ISO 14001 untuk sistem manajemen lingkungan, ISO systems, including ISO 14001 for environmental management systems,
45001 untuk sistem manajemen kesehatan dan keselamatan kerja, ISO 45001 for occupational health and safety management systems,
Sistem Manajemen Keselamatan dan Kesehatan Kerja (SMK3), the Occupational Health and Safety Management System (SMK3), and
serta Sistem Manajemen Keselamatan Pertambangan (SMKP). the Mining Safety Management System (SMKP). The implementation of
Implementasi berbagai standar tersebut mendukung penerapan these standards supports responsible mining and processing practices,
praktik pertambangan dan pengolahan yang bertanggung jawab, more effective operational risk management, and stronger governance
pengendalian risiko operasional yang lebih efektif, serta peningkatan consistency across all business units.
konsistensi tata kelola di seluruh unit usaha.
Selain itu, melalui partisipasi dalam Program Penilaian Peringkat In addition, through its participation in the Corporate Performance
Kinerja Perusahaan dalam Pengelolaan Lingkungan Hidup Rating Program in Environmental Management (PROPER) organized by
(PROPER) yang diselenggarakan Kementerian Lingkungan Hidup the Ministry of Environment and Forestry (KLHK), the Company further
dan Kehutanan (KLHK), Perseroan juga memperkuat komitmennya reinforces its commitment to environmental compliance and the
terhadap kepatuhan lingkungan dan peningkatan kinerja pengelolaan continuous improvement of environmental management performance.
lingkungan secara berkelanjutan.
Perseroan meyakini bahwa pertumbuhan bisnis jangka panjang harus The Company believes that long-term business growth must go hand in
berjalan seiring dengan praktik pertambangan dan pengolahan yang hand with responsible mining and processing practices, environmental
bertanggung jawab, perlindungan lingkungan, penghormatan terhadap protection, respect for human rights, and inclusive value creation for
hak asasi manusia, serta penciptaan nilai yang inklusif bagi masyarakat communities and stakeholders.
dan pemangku kepentingan.
KEBERLANJUTAN SEBAGAI FONDASI PERTUMBUHAN SUSTAINABILITY AS THE FOUNDATION FOR LONG-TERM
JANGKA PANJANG GROWTH
Perseroan menempatkan keberlanjutan sebagai bagian integral dari The Company places sustainability as an integral part of its long-term
strategi pertumbuhan jangka panjang. Komitmen ini didasarkan pada growth strategy. This commitment is based on the belief that the
keyakinan bahwa keberhasilan industri pertambangan dan pengolahan success of the nickel mining and processing industry is determined
nikel selain ditentukan oleh kinerja operasional dan finansial, juga oleh not only by operational and financial performance, but also by the
kemampuan Perseroan dalam mengelola dampak lingkungan, sosial, Company’s ability to manage environmental, social, and governance
dan tata kelola secara bertanggung jawab dan berkelanjutan. impacts responsibly and sustainably.
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Pertambangan dan Pengolahan
yang Bertanggung Jawab
Sustainable Responsible Mining and Processing
Di tengah meningkatnya kebutuhan global terhadap mineral kritis Amid growing global demand for critical minerals to support the energy
untuk mendukung transisi energi dan pengembangan ekosistem transition and the development of the electric vehicle ecosystem, the
kendaraan listrik, Perseroan menghadapi ekspektasi yang semakin Company faces increasing expectations for mining practices that are
tinggi terhadap praktik pertambangan yang transparan, bertanggung transparent, responsible, and aligned with international standards.
jawab, dan selaras dengan standar internasional. Oleh karena itu, Accordingly, the Company continues to strengthen the integration of
Perseroan terus memperkuat integrasi aspek keberlanjutan ke dalam sustainability aspects into decision-making processes, operational
proses pengambilan keputusan, pengembangan operasional, serta development, and value chain management in a comprehensive
pengelolaan rantai nilai secara menyeluruh. manner.
FOKUS STRATEGIS KEBERLANJUTAN STRATEGIC SUSTAINABILITY FOCUS
Fokus strategis keberlanjutan Perseroan diarahkan pada 3 (tiga) area The Company’s sustainability strategic focus is directed toward 3
utama, yaitu perubahan iklim, hak asasi manusia, dan tata kelola yang (three) main areas, namely climate change, human rights, and good
baik. governance.
Perubahan Iklim
Climate Change
Menuju operasional rendah
karbon dan efisiensi energi
Advancing low-carbon operations
and energy efficiency
Tata Kelola yang Baik Fokus
Good Governance Strategis
Keberlanjutan
Memastikan tata kelola yang
Strategic Hak Asasi Manusia
transparan, akuntabel, dan
berintegritas Sustainability Human Rights
Ensuring transparent,
Focus Memperkuat penghormatan HAM
accountable, and di seluruh operasi dan rantai nilai
integrity-driven governance Strengthening respect for human
rights across operations and value
chains
Untuk memastikan implementasi komitmen keberlanjutan yang To ensure the effective, focused, and measurable implementation of
efektif, terarah dan terukur, Perseroan menyusun Ambisi dan Strategi its sustainability commitments, the Company has developed a 10 Year
Keberlanjutan 10 Tahun yang menjadi kerangka pelaksanaan Sustainability Ambition and Strategy as a medium-term and long-term
jangka menengah dan jangka panjang. Kerangka ini dirancang implementation framework. This framework is designed to translate
untuk menerjemahkan komitmen keberlanjutan ke dalam tahapan sustainability commitments into implementation stages aligned with
implementasi yang selaras dengan perkembangan operasional, operational development, business expansion, as well as evolving
ekspansi bisnis, serta dinamika regulasi dan pasar global. regulatory and global market dynamics.
Informasi lebih lanjut mengenai Ambisi dan Strategi Keberlanjutan 10 Tahun
disajikan pada Laporan Keberlanjutan 2025 PT Trimegah Bangun Persada Tbk.
Further information regarding the Company’s 10 Year Sustainability Ambition and Strategy is presented
in the 2025 Sustainability Report of PT Trimegah Bangun Persada Tbk.
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Implementasi strategi keberlanjutan didukung oleh penguatan tata The implementation of the sustainability strategy is supported by
kelola, peningkatan kompetensi sumber daya manusia, pengembangan strengthened governance, enhanced human capital competencies, the
sistem pengelolaan yang terintegrasi, serta penerapan standar dan development of integrated management systems, and the adoption of
sertifikasi nasional dan internasional yang relevan dengan kegiatan national and international standards and certifications relevant to the
operasional Perseroan. Perseroan berupaya menjaga keseimbangan Company’s operational activities. The Company strives to maintain a
antara pertumbuhan usaha, perlindungan lingkungan, kontribusi balance between business growth, environmental protection, social
sosial, dan penciptaan nilai jangka panjang bagi seluruh pemangku contribution, and long-term value creation for all stakeholders.
kepentingan.
PERTAMBANGAN DAN PENGOLAHAN YANG BERTANGGUNG RESPONSIBLE MINING AND PROCESSING AND ESG
JAWAB DAN ESG ASSURANCE ASSURANCE
Praktik pertambangan dan pengolahan yang bertanggung jawab Responsible mining and processing practices are an important part
menjadi bagian penting dalam menjaga keberlanjutan operasional, of maintaining operational sustainability, strengthening global
memperkuat daya saing global, serta membangun kepercayaan jangka competitiveness, and building long-term trust among stakeholders.
panjang dari para pemangku kepentingan. Seiring meningkatnya Amid growing global attention to the sustainability of nickel supply
perhatian global terhadap keberlanjutan rantai pasok nikel dan chains and energy transition materials, the Company continues
material pendukung transisi energi, Perseroan terus memperkuat to strengthen its operational standards, governance, and impact
standar operasional, tata kelola, dan pengelolaan dampak yang selaras management in line with international market expectations and
dengan ekspektasi pasar internasional dan praktik terbaik industri. industry best practices.
Upaya tersebut diwujudkan melalui penguatan sistem tata kelola These efforts are carried out through the strengthening of sustainability
keberlanjutan, peningkatan transparansi, penerapan standar governance systems, enhanced transparency, the adoption of
internasional, serta partisipasi dalam berbagai proses assurance dan international standards, and participation in various assurance
penilaian independen. Fokus pengelolaan tidak hanya diarahkan processes and independent assessments. The Company’s focus extends
pada kepatuhan terhadap regulasi, tetapi juga pada peningkatan beyond regulatory compliance toward continuous improvement in
berkelanjutan (continuous improvement) dalam aspek lingkungan, environmental, social, human rights, occupational health and safety,
sosial, hak asasi manusia, kesehatan dan keselamatan kerja, serta and ethical business practices.
praktik bisnis yang berintegritas.
Pada tahun 2025, Perseroan mencatat sejumlah perkembangan In 2025, the Company recorded several important developments in
penting dalam penguatan praktik pertambangan dan pengolahan strengthening responsible mining and processing practices. Operations
yang bertanggung jawab. Operasional di Pulau Obi menjalani proses in Obi Island underwent the Initiative for Responsible Mining Assurance
audit Initiative for Responsible Mining Assurance (IRMA) untuk kegiatan (IRMA) audit process for integrated mining and processing activities. This
pertambangan dan pengolahan terintegrasi. Proses ini menjadi langkah process represents an important step in strengthening transparency
penting dalam memperkuat transparansi dan evaluasi independen and independent evaluation of operational practices based on globally
terhadap praktik operasional berdasarkan standar pertambangan dan recognized responsible mining and processing standards.
pengolahan bertanggung jawab yang diakui secara global.
Di saat yang sama, penguatan sistem rantai pasok yang bertanggung At the same time, the strengthening of responsible supply chain systems
jawab terus dilanjutkan melalui proses Responsible Minerals Assurance continued through the Responsible Minerals Assurance Process (RMAP),
Process (RMAP), pengembangan Human Rights Roadmap 2026–2030, the development of the 2026–2030 Human Rights Roadmap, the
pembentukan Tim Koordinasi Hak Asasi Manusia, peningkatan establishment of a Human Rights Coordination Team, enhanced cross-
pelatihan HAM lintas fungsi, serta implementasi bertahap berbagai functional human rights training, and the phased implementation
standar dan sistem manajemen internasional di area operasional. of various international standards and management systems across
operational areas.
Pengawasan implementasi keberlanjutan dilakukan secara berkala Oversight of sustainability implementation is carried out regularly
melalui keterlibatan Direksi dan Komite Keberlanjutan & Keberagaman through the involvement of the Board of Directors and the Sustainability
dalam memantau perkembangan program, risiko, target, serta & Diversity Committee in monitoring program development, risks,
implementasi strategi ESG di seluruh area usaha. Mekanisme ini targets, and the implementation of ESG strategies across all business
mendukung pengelolaan dampak yang lebih terukur, transparan, dan areas. This mechanism supports more measurable, transparent,
akuntabel seiring dengan perkembangan skala operasional Perseroan. and accountable impact management in line with the Company’s
operational growth.
Selama tahun 2025, Perseroan tidak mencatat adanya insiden Throughout 2025, the Company recorded no environmental non-
ketidakpatuhan lingkungan maupun kasus korupsi yang terkonfirmasi. compliance incidents or confirmed corruption cases. The Company
Perseroan juga terus memperkuat mekanisme pengaduan, sistem also continued to strengthen grievance mechanisms, internal control
pengendalian internal, budaya keselamatan kerja, serta pelibatan systems, safety culture, and stakeholder engagement as part of its
pemangku kepentingan sebagai bagian dari upaya membangun praktik efforts to advance increasingly responsible and sustainable mining
pertambangan yang semakin bertanggung jawab dan berkelanjutan. practices.
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Pertambangan dan Pengolahan
yang Bertanggung Jawab
Sustainable Responsible Mining and Processing
KEMAJUAN IMPLEMENTASI PERTAMBANGAN DAN RESPONSIBLE MINING AND PROCESSING PROGRESS 2025
PENGOLAHAN YANG BERTANGGUNG JAWAB 2025
01 02 03 04
Penilaian Sertifikasi RMI RMAP Peta Jalan Hak Asasi Penguatan Tata Kelola
Independen IRMA untuk PT ONC Manusia 2026–2030 Hak Asasi Manusia
IRMA Independent RMI RMAP Certification for Human Rights Roadmap Human Rights Governance
Assessment PT ONC 2026–2030 Strengthening
Operasional pertambangan dan PT ONC telah menyelesaikan Perseroan menyusun Human Pembentukan Human Rights
pengolahan terintegrasi di Pulau dan mendapatkan sertifikasi Rights Roadmap sebagai Coordination Team dan
Obi menjalani penilaian independen RMI RMAP, mencerminkan kerangka implementasi pelaksanaan ToT HAM lintas
berdasarkan standar IRMA sebagai pengelolaan rantai pasok yang penghormatan HAM di seluruh fungsi melibatkan lebih dari 20
bagian dari penguatan transparansi bertanggung jawab. operasi dan rantai pasok. departemen.
dan praktik pertambangan dan
pengolahan bertanggung jawab, PT ONC has completed and The Company developed a The establishment of the Human
menjadi yang pertama di Indonesia obtained the RMI RMAP Human Rights Roadmap as a Rights Coordination Team
dan Asia. certification, reflecting its framework for implementing and the implementation of
commitment to responsible respect for human rights across cross-functional human rights
Integrated mining and processing supply chain management. operations and value chains. ToT involved more than 20
operations in Obi Island underwent departments.
an independent assessment
against IRMA standards as part of
strengthening transparency and Tercapai Tercapai Tercapai
responsible mining and processing Achieved Achieved Achieved
practices, becoming the first in
Indonesia and Asia to do so.
Sedang Berlangsung
In Progress
05 06 07 08
Rencana Aksi Jalur Dekarbonisasi Implementasi ISO Nihil Ketidakpatuhan
Keanekaragaman Decarbonization Pathway 45001 melalui PT ONC Lingkungan
Hayati ISO 45001 Implementation Zero Environmental Violation
Biodiversity Action Plan through PT ONC
Perseroan menetapkan jalur
dekarbonisasi tingkat corporate Tidak terdapat ketidakpatuhan
jangka panjang sebagai bagian Implementasi bertahap sistem terhadap izin, standar
Penyusunan Biodiversity Action
dari strategi menuju net zero manajemen K3 berbasis ISO kualitas, atau peraturan terkait
Plan (BAP) 2026–2030 sebagai
emission 2060. 45001 di area operasional. lingkungan sepanjang tahun
turunan dari Biodiversity
Management Plan. 2025.
The Company established Phased implementation of the
a long-term corporate-level ISO 45001-based occupational There were no instances of non-
Development of the 2026–2030
decarbonization pathway as part health and safety management compliance with permits, quality
Biodiversity Action Plan (BAP) as
of its strategy toward net zero system across operational areas. standards, or environmental
a follow-up to the Biodiversity
emissions by 2060. regulations throughout 2025.
Management Plan.
Sedang Berlangsung
Tercapai In Progress Tercapai
Tercapai
Achieved Achieved
Achieved
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PERKEMBANGAN IRMA ASSURANCE IRMA ASSURANCE PROGRESS
Pada tahun 2025, operasional Perseroan di kawasan Kawasi In 2025, the Company’s operations in In 2025, the COmpany's operations
melanjutkan proses audit IRMA, sebuah standar proses audit IRMA, in the Kawasi area continued progress of their IRMA audit process,
sebuah standar sukarela internasional yang menetapkan praktik a voluntary international standard that establishes best practices
terbaik untuk pertambangan dan pengolahan yang bertanggung jawab. for responsible mining and processing. This process represents an
Proses ini merupakan salah satu langkah penting dalam memperkuat important step in strengthening transparency, accountability, and
transparansi, akuntabilitas, dan evaluasi independen terhadap praktik independent evaluation of the Company’s operational practices.
operasional Perseroan.
Audit IRMA mencakup kegiatan pertambangan, pengolahan, peleburan, The IRMA audit covered mining, processing, smelting, and related
serta fasilitas pendukung terkait dalam kawasan operasional yang supporting facilities within the integrated operational area. The
terintegrasi. Proses assurance diawali dengan penelaahan dokumen assurance process began with document reviews conducted by an
oleh lembaga verifikasi independen yang diakui IRMA, kemudian IRMA-recognized independent verification body, followed by on-site
dilanjutkan dengan penilaian lapangan secara langsung di area field assessments across the Company’s operational areas.
operasional Perseroan.
Sebagai bagian dari mekanisme assurance IRMA, Perseroan saat As part of the IRMA assurance mecahnism, the Company is currently
ini berada pada tahap Corrective Action Period dalam proses audit in the Corrective Action Period stage of the audit process, to
untuk semakin memperkuat prosedur dan praktik di berbagai area further strengthen procedures and practices accross several areas.
operasional. Fokus perbaikan mencakup penguatan pelibatan Key focus areas included enhancing stakeholder engagement,
pemangku kepentingan, peningkatan budaya keselamatan kerja, strengthening safety culture, improving environmental and social
penyempurnaan pengelolaan dampak lingkungan dan sosial, serta impact management, and reinforcing human rights and emergency
penguatan pendekatan hak asasi manusia dan kesiapsiagaan darurat. preparedness approaches.
Temuan Awal IRMA Assurance Selected Preliminary IRMA Assurance Findings
Temuan awal audit menunjukkan kinerja yang kuat pada sejumlah Preliminary audit findings indicated strong performance in several
area utama, terutama terkait mekanisme pengaduan, transparansi dan key areas, particularly grievance mechanisms, transparency and anti-
praktik anti-korupsi, serta pengelolaan emisi gas rumah kaca. Pada corruption practices, and greenhouse gas emissions management. At
saat yang sama, beberapa area masih terus diperkuat seiring dengan the same time, several areas continue to be strengthened in line with
perkembangan skala dan kompleksitas operasional Perseroan. the increasing scale and complexity of the Company’s operations.
Area dengan Kinerja yang Kuat Area yang Terus Diperkuat
Strong Performance Areas Areas under Continuous
Improvement
Mekanisme Pengaduan Pelibatan Pemangku Kepentingan
Penguatan konsultasi dan komunikasi terhadap
Saluran pelaporan mudah diakses, tersedia
dinamika operasional
mekanisme anonim, dan dokumentasi memadai
Stakeholder Engagement
Grievance Mechanism Strengthening consultation and communication
Accessible channels, anonymous reporting, proper mechanisms in line with operational development
documentation
Pemukiman Kembali & Mata Pencaharian
Transparansi & Anti-Korupsi Penguatan koordinasi dengan pemerintah dan
Kebijakan dan pelatihan telah diterapkan masyarakat
Resettlement & Livelihoods
Transparency & Anti Corruption Ongoing engagement and coordination with
Policies in place, training implemented government and community
Kesiapsiagaan Darurat
Pengelolaan Emisi GRK Penyempurnaan rencana tanggap darurat dan
Pengukuran emisi, target, dan rencana penurunan pelibatan pemangku kepentingan
emisi telah tersedia Emergency Preparedness
GHG Emissions Management Strengthening plans, drills, stakeholder
Emissions measured, targets set, reduction plan involvement
implemented
ESIA & Pengelolaan Dampak
Penyempurnaan pendekatan pengelolaan
dampak dan cumulative impact assessment
ESIA & Impact Management
Enhancement of environmental and social impact
management approaches, including cumulative
impact assessment
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Pertambangan dan Pengolahan
yang Bertanggung Jawab
Sustainable Responsible Mining and Processing
Perseroan akan terus melanjutkan implementasi tindakan perbaikan The Company will continue implementing improvement measures
bersama para pemangku kepentingan terkait sebagai bagian dari together with relevant stakeholders as part of its commitment to
komitmen terhadap praktik pertambangan yang bertanggung jawab responsible and sustainable mining practices.
dan berkelanjutan.
TATA KELOLA DAN PENGAWASAN KEBERLANJUTAN GOVERNANCE & SUSTAINABILITY OVERSIGHT
Pengelolaan keberlanjutan Perseroan dilakukan melalui struktur tata The Company’s sustainability management is carried out through an
kelola yang terintegrasi untuk memastikan bahwa aspek Lingkungan, integrated governance structure to ensure that Environmental, Social,
Sosial, dan Tata Kelola (ESG) menjadi bagian dari pengambilan and Governance (ESG) aspects are embedded in strategic decision-
keputusan strategis, pengelolaan risiko, serta implementasi operasional making, risk management, and day-to-day operational implementation.
sehari-hari. Pengawasan dilakukan secara berlapis melalui keterlibatan Oversight is conducted through a layered approach involving the
Direksi, Komite Keberlanjutan dan Keberagaman, serta fungsi- Board of Directors, the Sustainability & Diversity Committee, and
fungsi operasional terkait guna memastikan implementasi kebijakan relevant operational functions to ensure that sustainability policies are
keberlanjutan berjalan secara konsisten, terukur, dan akuntabel. implemented consistently, measurably, and accountably.
DIAGRAM ALUR TATA KELOLA | GOVERNANCE FLOWCHART
Dewan
Board
• Pengawasan strategis ESG | Strategic ESG oversight
• Peninjauan risiko material | Review of material risks
• Pengambilan keputusan keberlanjutan | Sustainability decision-making
Komite Keberlanjutan &
Keberagaman; Komite Etik & Risiko;
Kebijakan serta Kode Implementasi Kebijakan
serta Komite Audit
Etik dan Perilaku Keberlanjutan
Sustainability & Diversity; Ethics &
Policies and Code of Sustainability Policy
Risks; and Audit Committees
Ethics and Conduct Implementation
• Peninjauan kinerja ESG | ESG performance review
• Pengawasan kebijakan | Policy oversight
• Pemantauan corrective action | Corrective action monitoring
Divisi Keberlanjutan, Pengendalian Internal,
Kesehatan, Keselamatan, dan Lingkungan
(K3L/HSE) serta Hubungan Eksternal
Sustainability, Internal Control, HSE, and
Fungsi dan Aktivitas
External Relations Divisons
Korporat
Corporate Function and
Activities
• Implementasi ESG | ESG implementation
• Pelibatan pemangku kepentingan | Stakeholder engagement
• Pemantauan dan pelaporan | Monitoring and reporting
TOPIK MATERIAL DAN TARGET KEBERLANJUTAN MATERIAL TOPICS & SUSTAINABILITY TARGETS
Perseroan melakukan penilaian materialitas secara berkala untuk The Company conducts periodic materiality assessments to identify
mengidentifikasi isu keberlanjutan yang paling signifikan terhadap sustainability issues that are most significant to the Company’s
operasional Perseroan maupun pemangku kepentingan. Hasil penilaian operations and stakeholders. The results of these assessments serve
tersebut menjadi dasar dalam penyusunan strategi keberlanjutan, as the basis for developing sustainability strategies, managing risks,
pengelolaan risiko, penetapan target, serta implementasi program dan setting targets, and implementing programs and operational controls
pengendalian operasional di seluruh area usaha. across all business areas.
Penilaian materialitas tahun 2025 menghasilkan 14 topik material yang The 2025 materiality assessment identified 14 material topics grouped
dikelompokkan ke dalam aspek Lingkungan, Sosial, dan Tata Kelola into Environmental, Social, and Governance (ESG) and economic
(ESG) dan dampak ekonomi. Topik-topik tersebut mencerminkan area impact aspects. These topics represent priority areas considered most
prioritas yang dinilai paling relevan terhadap keberlanjutan operasional relevant to the sustainability of the Company’s operations, stakeholder
Perseroan, ekspektasi pemangku kepentingan, serta dinamika industri expectations, and the dynamics of the nickel mining and processing
pertambangan dan pengolahan nikel. industry.
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Topik Material Keberlanjutan
Sustainability Material Topics
Lingkungan Sosial Tata Kelola &
Environmental Social Dampak Ekonomi
Governance & Economic
• Keanekaragaman Hayati • Hak Asasi Manusia Impact
• Pengelolaan Air dan Efluen • Kesehatan dan Keselamatan
• Pengelolaan Tailing Kerja • Dampak Ekonomi
• Aksi Iklim • Pengelolaan Sumber Daya • Pengelolaan Rantai Pasok
• Penutupan dan Rehabilitasi Manusia • Etika Bisnis dan Kepatuhan
Pascatambang • Hubungan dengan Masyarakat
• Pengelolaan Limbah • Pemukiman Kembali • Economic Impact
• Supply Chain Management
• Biodiversity • Human Rights • Business Ethics and Compliance
• Water & Effluent Management • Occupational Health & Safety
• Tailings Management • Human Resource Management
• Climate Action • Community Relations
• Post-Mining Closure & • Resettlement
Rehabilitation
• Waste Management
TARGET DAN PENCAPAIAN KEBERLANJUTAN SUSTAINABILITY TARGETS & ACHIEVEMENTS
Perseroan menetapkan target keberlanjutan sebagai bagian dari The Company establishes sustainability targets as part of its efforts
upaya memastikan bahwa pengelolaan dampak Lingkungan, to ensure that Environmental, Social, and Governance (ESG) impacts
Sosial, dan Tata Kelola (ESG) dilakukan secara terarah, terukur, are managed in a focused, measurable, and aligned manner with
dan selaras dengan strategi pertumbuhan jangka panjang. Target- its long-term growth strategy. These targets reflect the Company’s
target tersebut mencerminkan fokus Perseroan dalam memperkuat focus on strengthening responsible mining and processing practices,
praktik pertambangan dan pengolahan yang bertanggung jawab, enhancing operational resilience, and expanding positive contributions
meningkatkan ketahanan operasional, serta memperluas kontribusi to stakeholders.
positif bagi pemangku kepentingan.
Sepanjang tahun 2025, Perseroan terus melanjutkan implementasi Throughout 2025, the Company continued implementing various
berbagai inisiatif keberlanjutan di area perubahan iklim, pengelolaan sustainability initiatives in the areas of climate change, environmental
lingkungan, hak asasi manusia, keselamatan kerja, pengembangan management, human rights, occupational safety, community
masyarakat, serta penguatan tata kelola dan rantai pasok yang development, as well as governance and responsible supply chain
bertanggung jawab. Berikut merupakan beberapa target dan strengthening. The following are several of the Company’s key
perkembangan implementasi keberlanjutan utama Perseroan selama sustainability targets and implementation progress during 2025.
tahun 2025.
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Pertambangan dan Pengolahan
yang Bertanggung Jawab
Sustainable Responsible Mining and Processing
Fokus Strategis Komitmen Status 2025
Strategic Focus Commitment 2025 Status
Aksi Iklim Menetapkan jalur dekarbonisasi menuju net zero emission 2060 Tercapai
Climate Action Establish a decarbonization pathway toward net zero emissions Achieved
by 2060
Keanekaragaman Hayati Penyusunan Biodiversity Action Plan (BAP) 2026–2030 Tercapai
Biodiversity Development of the 2026–2030 Biodiversity Action Plan (BAP) Achieved
Hak Asasi Manusia Penyusunan Human Rights Roadmap 2026–2030 Tercapai
Human Rights Development of the 2026–2030 Human Rights Roadmap Achieved
Responsible Mining and Processing Assurance Penyelesaian proses penilaian IRMA Sedang berlangsung
Responsible Mining and Processing Assurance Completion of the IRMA assessment process In progress
Rantai Pasok yang Bertanggung Jawab Sertifikasi RMI RMAP untuk PT ONC Tercapai
Responsible Supply Chain RMI RMAP certification for PT ONC Achieved
Keselamatan Kerja Penurunan TRIFR sebesar 5,8% (karyawan) dan 8,4% (kontraktor) Tercapai
Occupational Safety dibandingkan dengan baseline 2024 Achieved
Decrease in TRIFR by 5.8% (employees) and 8,4% (contractors)
compared to the 2024 baseline
Implementasi strategi keberlanjutan Perseroan selama tahun 2025 The implementation of the Company’s sustainability strategy
tercermin dalam berbagai capaian kinerja Lingkungan, Sosial, dan throughout 2025 was reflected in various Environmental, Social,
Tata Kelola (ESG) yang mendukung penguatan praktik pertambangan and Governance (ESG) performance achievements that support the
dan pengolahan yang bertanggung jawab dan penciptaan nilai jangka strengthening of responsible mining and processing practices and long-
panjang. term value creation.
IKHTISAR KINERJA KEBERLANJUTAN 2025 SUSTAINABILITY PERFORMANCE HIGHLIGHTS 2025
Lingkungan | Environment
10,7
Juta m3 | million cubic meter
2.593
Hektar | Hectare
2.185
unit | units
27.929
Ton | Tons
Air yang Rehabilitasi Daerah Aliran Terumbu karang buatan Pemanfaatan Kembali
digunakan Sungai (DAS) telah dipasang hingga Nickel Slag menjadi Batu
kembali Watershed Rehabilitation 2025 sejak 2022 Bata Beton dan Struktur
Reused/recycled Artificial reefs has been Terumbu Buatan
water installed until 2025 Reuse of Nickel Slag into
since 2022 Concrete Bricks and
Artificial Reef Structures
Sosial | Social
12.530
Karyawan | Employees
89,9
IKM | CSI
330
Pemasok Lokal | Local Supplier
Meningkat 1,26% Indeks Kepuasan Masyarakat (IKM) Jumlah pemasok lokal dari Provinsi
dibandingkan tahun 2024 mencatat rata-rata skor 89,9 (kategori Maluku Utara mencakup 9,15% dari
“Sangat Baik”) pada 16 program total pemasok Perseroan
Increased by 1.26%
unggulan The number of local suppliers from
compared to 2024
The Community Satisfaction Index North Maluku Province covers 9.15% of
(CSI) recorded an average score of the Company’s total suppliers
89.9 (“Very Good” category) across 16
flagship programs
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Tata Kelola | Governance
100%
Persen | Percent
0%
Kasus Korupsi | Corruption Cases
0
Kasus | Cases
Direksi dan karyawan yang telah Sepanjang tahun 2025, tidak terdapat insiden Nol Pelanggaran Lingkungan
mengikuti pelatihan Anti-Korupsi korupsi yang terkonfirmasi maupun kasus Zero Environmental Violation
dan Anti-Penyuapan hukum publik terkait korupsi yang melibatkan
Board of Directors and employees who Perseroan, karyawan, atau mitra usaha
have attended Anti-Corruption and Anti- Throughout 2025, there were no confirmed
Bribery training corruption incidents or public legal cases
related to corruption involving the Company, its
employees, or business partners
PENGEMBANGAN MASYARAKAT DAN DAMPAK SOSIAL COMMUNITY DEVELOPMENT AND SOCIAL IMPACT
Perseroan meyakini bahwa keberlanjutan operasional tidak dapat The Company believes that operational sustainability cannot be
dipisahkan dari kemampuan menciptakan manfaat sosial dan ekonomi separated from its ability to create tangible social and economic
yang nyata bagi masyarakat di sekitar wilayah operasi. Oleh karena itu, benefits for communities surrounding its operational areas. Therefore,
program pengembangan masyarakat dijalankan sebagai bagian dari community development programs are implemented as part of the
upaya memperkuat hubungan yang konstruktif dengan masyarakat Company’s efforts to strengthen constructive relationships with
sekaligus mendukung peningkatan kualitas hidup, kemandirian communities while supporting improved quality of life, economic
ekonomi, dan pembangunan sosial yang berkelanjutan. independence, and sustainable social development.
Sepanjang tahun 2025, implementasi Program Pengembangan Throughout 2025, the implementation of community development
dan Pemberdayaan Masyarakat (PPM) difokuskan pada bidang programs focused on education and community capacity building,
pendidikan dan peningkatan kapasitas masyarakat, kesehatan dan health and sanitation, strengthening local economic development
sanitasi, penguatan ekonomi lokal dan penghidupan berkelanjutan, and sustainable livelihoods, social infrastructure development,
pengembangan infrastruktur sosial, pelestarian lingkungan dan environmental preservation and coastal community empowerment,
pemberdayaan masyarakat pesisir, serta bantuan sosial dan tanggap as well as social assistance and emergency response. The Company
darurat. Perseroan juga terus memperkuat pendekatan pengukuran also continued to strengthen its social impact measurement approach
dampak sosial melalui evaluasi Community Satisfaction Index (CSI) through the evaluation of the Community Satisfaction Index (CSI) and
dan Social Return on Investment (SROI) terhadap berbagai program Social Return on Investment (SROI) across various flagship programs in
unggulan di wilayah operasional. operational areas.
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Pertambangan dan Pengolahan
yang Bertanggung Jawab
Sustainable Responsible Mining and Processing
DAMPAK SOSIAL DAN PENGEMBANGAN MASYARAKAT COMMUNITY DEVELOPMENT AND SOCIAL IMPACT
TAHUN 2025 HIGHLIGHTS IN 2025
Pilar Program Pengembangan dan Pemberdayaan Masyarakat
Pillars of the Community Development and Empowerment Programs
Pilar Program Capaian 2025
Pillars Programs 2025 Achievements
Pendidikan & Kapasitas Program pendidikan, pelatihan, dan pengembangan kapasitas masyarakat
Education & Capacity Building Education, training, and community capacity development programs
Pengembangan Ekonomi Dukungan terhadap penguatan usaha dan penghidupan masyarakat
Economic Development Support for strengthening local businesses and sustainable livelihoods
Infrastruktur Sosial Dukungan pembangunan dan peningkatan fasilitas sosial masyarakat
Social Infrastructure Support for the development and improvement of community social facilities
Lingkungan & Pesisir Program rehabilitasi lingkungan dan inisiatif masyarakat pesisir
Environment & Coastal Areas Environmental rehabilitation programs and coastal community initiatives
Bantuan Sosial & Darurat Dukungan bantuan sosial dan respons terhadap kebutuhan masyarakat
Social Assistance & Emergency Response Provision of social assistance and response to community needs
Pengungkapan lebih lengkap mengenai program pengembangan masyarakat, pelibatan
pemangku kepentingan, serta pengukuran dampak sosial Perseroan disajikan dalam
Laporan Keberlanjutan 2025 PT Trimegah Bangun Persada Tbk.
More comprehensive disclosures regarding the Company’s community development programs, stakeholder
engagement, and social impact measurement are presented in the 2025 Sustainability Report of
PT Trimegah Bangun Persada Tbk.
PENUTUP CLOSING
Perseroan akan terus memperkuat integrasi keberlanjutan dalam The Company will continue strengthening the integration of
seluruh kegiatan usaha sebagai bagian dari upaya membangun sustainability across all business activities as part of its efforts to build
operasional pertambangan yang bertanggung jawab, tangguh, dan responsible, resilient, and globally competitive mining operations. More
berdaya saing global. Informasi lebih lengkap mengenai strategi, comprehensive information regarding the Company’s sustainability
pendekatan, target, dan kinerja keberlanjutan Perseroan disajikan strategy, approach, targets, and performance is presented in the 2025
dalam Laporan Keberlanjutan 2025 PT Trimegah Bangun Persada Tbk. Sustainability Report of PT Trimegah Bangun Persada Tbk.
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INDEKS REFERENSI SEOJK
NO. 16/SEOJK.04/2021 TENTANG BENTUK
DAN ISI LAPORAN TAHUNAN EMITEN ATAU
PERUSAHAAN PUBLIK
Reference Index of SEOJK No. 16/SEOJK.04/2021
Concerning Form and Content of the Annual Report of
the Issuer or Public Company
Halaman
No. Keterangan Description
Page
I. KETENTUAN UMUM I. GENERAL PROVISION
1. Dalam Surat Edaran Otoritas Jasa Keuangan ini yang 1. In this Financial Services Authority Circular Letter what is
dimaksud dengan: meant by:
a. Laporan Tahunan adalah laporan √ a. The Annual Report is a report on the Board
pertanggungjawaban Direksi dan Dewan of Directors and Board of Commissioners
Komisaris dalam melakukan pengurusan dan accountability in managing and supervising issuers
pengawasan terhadap emiten atau perusahaan or public companies within a period of 1 (one)
publik dalam kurun waktu 1 (satu) tahun buku fiscal year to the general meeting of shareholders
kepada rapat umum pemegang saham yang prepared based on the provisions of the Financial
disusun berdasarkan ketentuan dalam Peraturan Services Authority Regulation concerning the
Otoritas Jasa Keuangan mengenai Laporan Annual Report of issuers or public companies.
Tahunan emiten atau perusahaan publik.
b. Emiten adalah pihak yang melakukan penawaran √ b. Issuers are parties who make public offerings.
umum.
c. Perusahaan Publik adalah perseroan yang √ c. A Public Company is a company whose shares
sahamnya telah dimiliki paling sedikit oleh 300 are owned by at least 300 (three hundred)
(tiga ratus) pemegang saham dan memiliki modal shareholders and has a paid-up capital of at least
disetor paling sedikit Rp3.000.000.000,00 (tiga Rp3,000,000,000.00 (three billion rupiah) or a
miliar rupiah) atau suatu jumlah pemegang saham number of shareholders and paid-up capital as
dan modal disetor yang ditetapkan oleh Otoritas determined by the Financial Services Authority.
Jasa Keuangan.
d. Perusahaan Terbuka adalah Emiten yang telah √ d. A Public Company is an Issuer that has made a
melakukan penawaran umum efek bersifat ekuitas public offering of equity securities or a Publically-
atau Perusahaan Publik. listed Company.
e. Laporan Keberlanjutan (Sustainability Report) √ e. A Sustainability Report is a report published to
adalah laporan yang diumumkan kepada the public .that contains the economic, financial,
masyarakat yang memuat kinerja ekonomi, social, and environmental performance of a
keuangan, sosial, dan lingkungan hidup suatu financial service institution, Issuer, and Public
lembaga jasa keuangan, Emiten, dan Perusahaan Company in running a sustainable business.
Publik dalam menjalankan bisnis berkelanjutan.
f Direksi: f Board of Directors:
1) bagi Emiten atau Perusahaan Publik √ 1) For an Issuer or a Public Company in the
berbentuk badan hukum perseroan terbatas form of a limited liability company, it is
adalah Direksi sebagaimana dimaksud dalam the Board of Directors as referred to in the
Peraturan Otoritas Jasa Keuangan mengenai Financial Services Authority Regulation
Direksi dan Dewan Komisaris Emiten atau concerning the Board of Directors and Board
Perusahaan Publik; dan of Commissioners of an Issuer or Public
Company; and
2) bagi Emiten atau Perusahaan Publik - 2) For an Issuer or a Public Company in the form
berbentuk badan hukum selain perseroan of a legal entity other than a limited liability
terbatas adalah organ yang melaksanakan company, it is the body that carries out the
pengurusan badan hukum tersebut management of the legal entity as referred
sebagaimana dimaksud dalam peraturan to in the laws and regulations concerning the
perundang- undangan mengenai badan legal entity.
hukum tersebut.
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Halaman
No. Keterangan Description
Page
g. Dewan Komisaris: g. Board of Commissioners:
1) bagi Emiten atau Perusahaan Publik √ 1) For an Issuer or a Public Company in the
berbentuk badan hukum perseroan terbatas form of a limited liability company, the
adalah Dewan Komisaris sebagaimana Board of Commissioners as referred to in
dimaksud dalam Peraturan Otoritas Jasa the Financial Services Authority Regulation
Keuangan mengenai Direksi dan Dewan concerning the Board of Directors and Board
Komisaris Emiten atau Perusahaan Publik; of Commissioners of an Issuer or Public
dan Company; and
2) bagi Emiten atau Perusahaan Publik - 2) For the Issuer or Public Company in the form
berbentuk badan hukum selain perseroan of a legal entity other than a limited liability
terbatas adalah organ yang melakukan company, it is the body that supervises the
pengawasan badan hukum tersebut legal entity as referred to in the laws and
sebagaimana dimaksud dalam peraturan regulations concerning the legal entity.
perundang- undangan mengenai badan
hukum tersebut.
h. Rapat Umum Pemegang Saham yang selanjutnya h. General Meeting of Shareholders hereinafter
disingkat RUPS: abbreviated as GMS:
1) bagi Emiten atau Perusahaan Publik √ 1) For an Issuer or a Public Company in the form
berbentuk badan hukum perseroan terbatas of a limited liability company, it is the GMS as
adalah RUPS sebagaimana dimaksud dalam referred to in the Financial Services Authority
Peraturan Otoritas Jasa Keuangan mengenai Regulation concerning the Planning and
Rencana dan Penyelenggaraan Rapat Umum Organizing of the General Meeting of
Pemegang Saham Perusahaan Terbuka; dan Shareholders of a Public Company; and
2) bagi Emiten atau Perusahaan Publik - 2) For an Issuer or Public Company in the form
berbentuk badan hukum selain perseroan of a legal entity other than a limited liability
terbatas adalah organ yang mempunyai company, it is the body that has authority
wewenang yang tidak diberikan kepada that is not given to any other body that carries
organ yang melaksanakan fungsi pengurusan out management and supervisory functions,
dan fungsi pengawasan, dalam batas yang within the limits specified in the legislation
ditentukan dalam peraturan perundang- and/or articles of association governing the
undangan dan/atau anggaran dasar yang legal entity.
mengatur badan hukum tersebut.
2. Laporan Tahunan Emiten atau Perusahaan Publik √ 2. The Annual Report of Issuers or Public Companies is
merupakan sumber informasi penting bagi investor atau an important source of information for investors or
pemegang saham sebagai salah satu dasar pertimbangan shareholders as one of the basic considerations in
dalam pengambilan keputusan investasi dan sarana making investment decisions and a means of supervision
pengawasan terhadap Emiten atau Perusahaan Publik. of Issuers or Public Companies.
3. Seiring dengan perkembangan pasar modal dan √ 3. Along with the development of the capital market and the
meningkatnya kebutuhan investor atau pemegang increasing need for information disclosure by investors
saham atas keterbukaan informasi, Direksi dan Dewan or shareholders, the Board of Directors and the Board of
Komisaris dituntut untuk menyajikan informasi yang Commissioners are required to present quality, accurate,
berkualitas, akurat, dan akuntabel melalui Laporan and accountable information through the Annual Reports
Tahunan Emiten atau Perusahaan Publik. of Issuers or Public Companies.
4. Laporan Tahunan yang disusun secara teratur dan √ 4. Annual Reports that are prepared regularly and
informatif dapat memberikan kemudahan bagi investor informatively can provide convenience for investors or
atau pemegang saham dan pemangku kepentingan shareholders and stakeholders in obtaining the required
dalam memperoleh informasi yang dibutuhkan. information.
5 Surat Edaran Otoritas Jasa Keuangan ini merupakan √ 5 This Financial Services Authority Circular is a guideline
pedoman bagi Emiten atau Perusahaan Publik yang for Issuers or Public Companies that must be applied in
wajib diterapkan dalam menyusun Laporan Tahunan dan preparing Annual Reports and Sustainability Reports.
Laporan Keberlanjutan.
II. BENTUK LAPORAN TAHUNAN II. FORMAT OF ANNUAL REPORT
1. Laporan Tahunan disajikan dalam bentuk dokumen √ 1. Annual Report should be presented in the printed format
cetak dan salinan dokumen elektronik. and in electronic document copy.
2. Laporan Tahunan yang disajikan dalam bentuk √ 2. The printed version of the Annual Report should be
dokumen cetak, dicetak pada kertas yang berwarna printed on light-colored paper of fine quality, in A4 size,
terang, berkualitas baik, berukuran A4, dijilid, dan dapat bound and can be reproduced in good quality.
diperbanyak dengan kualitas yang baik.
3. Laporan Tahunan dapat menyajikan informasi berupa √ 3. The Annual Report may present information in the form
gambar, grafik, tabel, dan/atau diagram dengan of pictures, graphs, tables, and/or diagrams by including
mencantumkan judul dan/atau keterangan yang jelas, clear titles and/or descriptions, so that they are easy to
sehingga mudah dibaca dan dipahami. read and understand.
4. Laporan Tahunan yang disajikan dalam bentuk salinan √ 4. The Annual Report presented in electronic document
dokumen elektronik merupakan Laporan Tahunan yang format is the Annual Report converted into pdf format.
dikonversi dalam format pdf.
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Halaman
No. Keterangan Description
Page
III. ISI LAPORAN TAHUNAN III. CONTENT OF ANNUAL REPORT
1. Laporan Tahunan paling sedikit memuat informasi 1. Annual Report should contain at least the following
mengenai: information:
a. Ikhtisar data keuangan penting; √ a. Summary of key financial information;
b. Informasi saham (jika ada); √ b. Stock information (if any);
c. Laporan Direksi; √ c. The Board of Directors report;
d. Laporan Dewan Komisaris; √ d. The Board of Commissioners report;
e. Profil Emiten atau Perusahaan Publik; √ e. Profile of Issuer or Public Company;
f. Analisis dan pembahasan manajemen; √ f. Management discussion and analysis;
g. Tata kelola Emiten atau Perusahaan Publik; √ g. Corporate governance applied by the Issuer or
Public Company;
h. Tanggung jawab sosial dan lingkungan Emiten √ h. Corporate social and environmental responsibility
atau Perusahaan Publik; of the Issuer or Public Company;
i. Laporan keuangan tahunan yang telah diaudit; √ i. Audited annual report; and
dan
j. Surat pernyataan anggota Direksi dan anggota √ j. Statement that the Board of Directors and the
Dewan Komisaris tentang tanggung jawab atas Board of Commissioners are fully responsible for
Laporan Tahunan; the Annual Report;
2. Uraian Isi Laporan Tahunan 2. Description of Content of Annual Report
a. Ikhtisar Data Keuangan Penting 12 a. Summary of Key Financial Information
Ikhtisar Data Keuangan Penting memuat Summary of Key Financial Information contains
informasi keuangan yang disajikan dalam financial information presented in comparison
bentuk perbandingan selama 3 (tiga) tahun buku with previous 3 (three) fiscal years or since
atau sejak memulai usahanya jika Emiten atau commencement of business if the Issuers or the
Perusahaan Publik tersebut menjalankan kegiatan Public Company commencing the business less
usahanya kurang dari 3 (tiga) tahun, paling sedikit than 3 (three) years, at least contain:
memuat:
1) pendapatan/penjualan; √ 1) income/sales;
2) laba bruto; √ 2) gross profit;
3) laba (rugi); √ 3) profit (loss);
4) jumlah laba (rugi) yang dapat diatribusikan √ 4) total profit (loss) attributable to equity
kepada pemilik entitas induk dan holders of the parent entity and non-
kepentingan non pengendali; controlling interest;
5) jumlah laba (rugi) komprehensif; √ 5) total comprehensive profit (loss);
6) jumlah laba (rugi) komprehensif yang dapat √ 6) total comprehensive profit (loss) attributable
diatribusikan kepada pemilik entitas induk to equity holders of the parent entity and non
dan kepentingan non pengendali; controlling interest;
7) laba (rugi) per saham; √ 7) earning (loss) per share;
8) jumlah aset; √ 8) total assets;
9) jumlah liabilitas; √ 9) total liabilities;
10) jumlah ekuitas; √ 10) total equities;
11) rasio laba (rugi) terhadap jumlah aset; √ 11) profit (loss) to total assets ratio;
12) rasio laba (rugi) terhadap ekuitas; √ 12) profit (loss) to equities ratio;
13) rasio laba (rugi) terhadap pendapatan/ √ 13) profit (loss) to income ratio;
penjualan;
14) rasio lancar; √ 14) current ratio;
15) rasio liabilitas terhadap ekuitas; √ 15) liabilities to equities ratio;
16) rasio liabilitas terhadap jumlah aset; dan √ 16) liabilities to total assets ratio; and
17) informasi dan rasio keuangan lainnya yang √ 17) other information and financial ratios
relevan dengan Emiten atau Perusahaan relevant to the Issuer or Public Company and
Publik dan jenis industrinya; type of industry;
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b. Informasi Saham 14 b. Stock Information
Informasi Saham (jika ada) paling sedikit memuat: Stock Information (if any) at least contains:
1) saham yang telah diterbitkan untuk setiap 1) shares issued for each three-month period
masa triwulan (jika ada) yang disajikan in the last 2 (two) fiscal years (if any), at least
dalam bentuk perbandingan selama 2 (dua) covering:
tahun buku terakhir, paling sedikit meliputi:
a) jumlah saham yang beredar; √ a) number of outstanding shares;
b) kapitalisasi pasar berdasarkan harga √ b) market capitalization based on the
pada Bursa Efek tempat saham price at the Stock Exchange where the
dicatatkan; shares listed on;
c) harga saham tertinggi, terendah, dan √ c) highest share price, lowest share
penutupan berdasarkan harga pada price, closing share price at the Stock
Bursa Efek tempat saham dicatatkan; Exchange where the shares listed on;
dan and
d) volume perdagangan pada Bursa Efek √ d) share volume at the Stock Exchange
tempat saham dicatatkan; where the shares listed on;
Informasi pada huruf a) diungkap oleh √ Information in point a) should be
Emiten yang merupakan Perusahaan disclosed by the Issuer, the public
Terbuka yang sahamnya tercatat company whose shares is listed or not
maupun tidak tercatat di Bursa Efek; listed in the Stock Exchange;
Informasi pada huruf b), c), dan huruf √ Information in point b), point c), and
d) hanya diungkapkan jika Emiten point d) only be disclosed if the Issuer
merupakan Perusahaan Terbuka dan is a public company whose shares is
sahamnya tercatat di Bursa Efek; listed in the Stock Exchange;
2) dalam hal terjadi aksi korporasi, 15 2) in the event of corporate actions, including
seperti pemecahan saham (stock split), stock split, reverse stock, dividend, bonus
penggabungan saham (reverse stock), share, and change in par value of shares, then
dividen saham, saham bonus, dan the share price referred to in point 1), should
perubahan nilai nominal saham, informasi be added with explanation on:
saham sebagaimana dimaksud pada angka
1) ditambahkan penjelasan paling sedikit
mengenai:
a) tanggal pelaksanaan aksi korporasi; - a) date of corporate action;
b) rasio pemecahan saham (stock split), - b) stock split ratio, reverse stock,
penggabungan saham (reverse stock), dividend, bonus shares, and change in
dividen saham, saham par value of shares;
c) jumlah saham beredar sebelum dan - c) number of outstanding shares prior to
sesudah aksi korporasi; dan and after corporate action; and
d) jumlah efek konversi yang - d) The number of convertible securities
dilaksanakan (jika ada); dan exercised (if any); and
e) harga saham sebelum dan sesudah - e) share price prior to and after corporate
aksi korporasi; action;
3) dalam hal terjadi penghentian sementara - 3) in the event that the company’s shares were
perdagangan saham (suspension), dan/atau suspended and/or delisted from trading
penghapusan pencatatan saham (delisting) during the year under review, then the
dalam tahun buku, Emiten atau Perusahaan Issuers or Public Company should provide
Publik menjelaskan alasan penghentian explanation on the reason for the suspension
sementara perdagangan saham (suspension) and/or delisting; and
dan/atau penghapusan pencatatan saham
(delisting) tersebut; dan
4) dalam hal penghentian sementara - 4) in the event that the suspension and/or
perdagangan saham (suspension) dan/atau delisting as referred to in point 3) was still
penghapusan pencatatan saham (delisting) in effect until the date of the Annual Report,
sebagaimana dimaksud pada angka 3) masih then the Issuer or the Public Company should
berlangsung hingga akhir periode Laporan also explain the corporate actions taken by
Tahunan, Emiten atau Perusahaan Publik the company in resolving the suspension
menjelaskan tindakan yang dilakukan untuk and/or delisting;
menyelesaikan penghentian sementara
perdagangan saham (suspension) dan/atau
penghapusan pencatatan saham (delisting)
tersebut;
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c. Laporan Direksi 37-45 c. The Board of Directors Report
Laporan Direksi paling sedikit memuat: The Board of Directors Report should at least
contain the following items:
1) uraian singkat mengenai kinerja Emiten atau 1) the performance of the Issuer or Public
Perusahaan Publik, paling sedikit meliputi: Company, at least covering:
a) strategi dan kebijakan strategis Emiten 39 a) strategy and strategic policies of the
atau Perusahaan Publik; Issuer or Public Company;
b) peranan Direksi dalam perumusan 39 b) Role of the Board of Directors in
strategi dan kebijakan strategis Emiten formulating strategies and strategic
atau Perusahaan Publik; policies of Issuers or Public Companies;
c) proses yang dilakukan Direksi untuk 39 c) Process carried out by the Board of
memastikan implementasi strategi Directors to ensure the implementation
Emiten atau Perusahaan Publik; of the Issuer’s or Public Company’s
strategy;
d) perbandingan antara hasil yang 42 d) comparison between achievement of
dicapai dengan yang ditargetkan; dan results and targets; and
e) kendala yang dihadapi Emiten atau 42 e) challenges faced by the Issuer or
Perusahaan Publik; Public Company;
2) gambaran tentang prospek usaha; 43 2) description on business prospects;
3) penerapan tata kelola Emiten atau 43 3) implementation of good corporate
Perusahaan Publik; dan governance by Issuer or Public Company;
and
4) perubahan komposisi anggota Direksi dan 44 4) changes in the composition of the Board of
alasan perubahannya (jika ada); Directors and the reason behind (if any);
d. Laporan Dewan Komisaris 31-34 d. The Board of Commissioners Report
Laporan Dewan Komisaris paling sedikit memuat: The Board of Commissioners Report should at
least contain the following items:
1) Penilaian terhadap kinerja Direksi mengenai 32 1) Assessment on the performance of the Board
pengelolaan Emiten atau Perusahaan Publik; of Directors in managing the Issuer or the
Public Company;
2) Pengawasan terhadap implementasi strategi 32 2) Supervision on the implementation of the
Emiten atau Perusahaan Publik; strategy of the Issuer or Public Company;
3) Pandangan atas prospek usaha Emiten atau 33 3) View on the business prospects of the Issuer
Perusahaan Publik yang disusun oleh Direksi; or Public Company as established by the
Board of Directors;
4) Pandangan atas penerapan tata kelola 33 4) View on the implementation of the corporate
Emiten atau Perusahaan Publik; governance by the Issuer or Public Company;
5) Perubahan komposisi anggota Dewan 34 5) Changes in the composition of the Board of
Komisaris dan alasan perubahannya (jika Commissioners and the reason behind (if
ada); dan any); and
e. Profil Emiten atau Perusahaan Publik 49-99 e. Profile of the Issuer or Public Company
Profil Emiten atau Perusahaan Publik paling Profile of the Issuer or Public Company should
sedikit memuat: cover at least:
1) Nama Emiten atau Perusahaan Publik 50 1) Name of Issuer or Public Company, including
termasuk apabila terdapat perubahan change of name, reason of change, and the
nama, alasan perubahan, dan tanggal efektif effective date of the change of name during
perubahan nama pada tahun buku; the year under review;
2) Akses terhadap Emiten atau Perusahaan 50 2) access to Issuer or Public Company, including
Publik termasuk kantor cabang atau kantor branch office or representative office, where
perwakilan yang memungkinkan masyarakat public can have access of information of the
dapat memperoleh informasi mengenai Issuer or Public Company, which include:
Emiten atau Perusahaan Publik, meliputi:
a) Alamat; √ a) Address;
b) Nomor telepon; √ b) Telephone number;
c) Nomor faksimile; √ c) Facsimile number;
d) Alamat surat elektronik; dan √ d) E-mail address; and
e) Alamat Situs Web; √ e) Website address;
3) Riwayat singkat Emiten atau Perusahaan 52 3) Brief history of the Issuer or Public Company;
Publik;
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4) Visi dan misi Emiten atau Perusahaan Publik; 60 4) Vision and mission of the Issuer or Public
Company;
5) Kegiatan usaha menurut anggaran dasar 62-64 5) Line of business according to the latest
terakhir, kegiatan usaha yang dijalankan Articles of Association, and types of products
pada tahun buku, serta jenis barang dan/atau and/or services produced;
jasa yang dihasilkan;
6) Wilayah operasional Emiten atau Perusahaan 65 6) Operational area of the Issuer or Public
Publik; Company
7) Struktur organisasi Emiten atau Perusahaan 68 7) Structure of organization of the Issuer or
Publik dalam bentuk bagan, paling sedikit Public Company in chart form, at least 1 (one)
sampai dengan struktur 1 (satu) tingkat di level below the Board of Directors, with the
bawah Direksi, disertai dengan nama dan names and titles;
jabatan;
8) daftar keanggotaan asosiasi industri baik 70 8) List of industry association memberships
dalam skala nasional maupun internasional both on a national and international scale
yang berkaitan dengan penerapan keuangan related to the implementation of sustainable
berkelanjutan finance;
9) Profil Direksi, paling sedikit memuat: 78-82 9) The Board of Directors profiles include:
a) Nama dan jabatan yang sesuai dengan √ a) Name and short description of duties
tugas dan tanggung jawab; and functions;
b) Foto terbaru; √ b) Latest photograph;
c) Usia; √ c) Age;
d) Kewarganegaraan; √ d) Citizenship;
e) Riwayat pendidikan; √ e) Education;
f) Riwayat jabatan, meliputi informasi: √ f) history position, covering information
on:
(1) Dasar hukum penunjukan (1) Legal basis for appointment as
sebagai anggota Direksi pada √ member of the Board of Directors
Emiten atau Perusahaan Publik to the said Issuer or Public
yang bersangkutan; Company;
(2) Rangkap jabatan, baik sebagai √ (2) Dual position, as member of the
anggota Direksi, anggota Dewan Board of Directors, member of
Komisaris, dan/atau anggota the Board of Commissioners,
komite serta jabatan lainnya (jika and/or member of committee,
ada); dan and other position (if any); and
(3) Pengalaman kerja beserta √ (3) Working experience and period
periode waktunya baik di dalam in and outside the Issuer or
maupun di luar Emiten atau Public Company;
Perusahaan Publik;
g) hubungan afiliasi dengan anggota √ g) Affiliation with other members of the
Direksi lainnya, anggota Dewan Board of Directors, members of the
Komisaris, pemegang saham utama, Board of Commissioners, majority
dan pengendali baik langsung maupun and controlling shareholders, either
tidak langsung sampai kepada pemilik directly or indirectly to individual
individu, meliputi nama pihak yang owners, including names of affiliated
terafiliasi; parties. In the event that a member of
the Board of Directors has no affiliation,
the Issuer or Public Company shall
disclose this matter; and
h) perubahan komposisi anggota Direksi 83 h) Changes in the composition of the
dan alasan perubahannya. Dalam hal members of the Board of Directors
tidak terdapat perubahan komposisi and the reasons for the changes. In the
anggota Direksi, maka diungkapkan event that there is no change in the
mengenai hal tersebut; composition of the members of the
Board of Directors, this matter shall be
disclosed;
10) Profil Dewan Komisaris, paling sedikit 74-76 10) The Board of Commissioners profiles, at least
memuat: include:
a) Nama; √ a) Name;
b) Foto terbaru; √ b) Latest photograph;
c) Usia; √ c) Age;
d) Kewarganegaraan; √ d) Citizenship;
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e) Riwayat pendidikan; √ e) Education;
f) Riwayat jabatan, meliputi informasi: f) History position, covering information
on:
(1) Dasar hukum penunjukan √ (1) Legal basis for the appointment
sebagai anggota Dewan as member of the Board of
Komisaris yang bukan Commissioners who is not
merupakan Komisaris Independent Commissioner
Independen pada Emiten at the said Issuer or Public
atau Perusahaan Publik yang Company;
bersangkutan;
(2) Dasar hukum penunjukan √ (2) Legal bases for the first
pertama kali sebagai appointment as member of the
anggota Dewan Komisaris Board of Commissioners who
yang merupakan Komisaris also Independent Commissioner
Independen pada Emiten at the said Issuer or Public
atau Perusahaan Publik yang Company;
bersangkutan;
(3) Rangkap jabatan, baik sebagai √ (3) Dual position; as member of
anggota Dewan Komisaris, the Board of Commissioners,
anggota Direksi, dan/atau member of the Board of
anggota komite serta jabatan Directors, and/or member of
lainnya (jika ada); dan committee and other position (if
any); and
(4) Pengalaman kerja beserta √ (4) Working experience and period
periode waktunya baik di dalam in and outside the Issuer or
maupun di luar Emiten atau Public Company;
Perusahaan Publik;
g) Hubungan afiliasi dengan anggota √ g) Affiliation with other members of
Dewan Komisaris lainnya, pemegang the Board of Commissioners, major
saham utama, dan pengendali baik shareholders, and controllers either
langsung maupun tidak langsung directly or indirectly to individual
sampai kepada pemilik individu, owners, including names of affiliated
meliputi nama pihak yang terafilias parties; In the event that a member
of the Board of Commissioners has
no affiliation, the Issuer or Public
Company shall disclose this matter;
h) Pernyataan independensi Komisaris 77 h) Statement of independence of
Independen dalam hal Komisaris Independent Commissioner in
Independen telah menjabat lebih dari the event that the Independent
2 (dua) periode (jika ada); Commissioner has been appointed
more than 2 (two) periods (if any);
i) Perubahan komposisi anggota Dewan 77 i) Changes in the composition of
Komisaris dan alasan perubahannya. the members of the Board of
Dalam hal tidak terdapat perubahan Commissioners and the reasons for
komposisi anggota Dewan Komisaris, the changes. In the event that there
maka diungkapkan mengenai hal is no change in the composition
tersebut; of the members of the Board of
Commissioners, this matter shall be
disclosed;
11) Dalam hal terdapat perubahan susunan 83 11) In the event that there were changes in the
anggota Direksi dan/atau anggota Dewan composition of the Board of Commissioners
Komisaris yang terjadi setelah tahun buku and/or the Board of Directors occurring
berakhir sampai dengan batas waktu between the period after year-end until the
penyampaian Laporan Tahunan, susunan date the Annual Report submitted, then the
yang dicantumkan dalam Laporan Tahunan last and the previous composition of the
adalah susunan anggota Direksi dan/atau Board of Commissioners and/or the Board of
anggota Dewan Komisaris yang terakhir dan Directors shall be stated in the Annual Report;
sebelumnya;
12) Jumlah karyawan menurut jenis kelamin, 90 12) Number of employees by gender, position,
jabatan, usia, tingkat pendidikan, dan status age, education level, and employment status
ketenagakerjaan (tetap/kontrak) dalam (permanent/contracted) in the fiscal year;
tahun buku; Disclosure of information can be presented
in tabular form.
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13) Nama pemegang saham dan persentase 13) Names of shareholders and ownership
kepemilikan pada akhir tahun buku, yang percentage at the end of the fiscal year,
terdiri dari: including:
a) Pemegang saham yang memiliki 5% 90 a) Shareholders having 5% (five percent)
(lima persen) atau lebih saham Emiten or more shares of Issuer or Public
atau Perusahaan Publik; Company;
b) Anggota Direksi dan anggota Dewan 90 b) Commissioners and Directors who
Komisaris yang memiliki saham own shares of the Issuers or Public
Emiten atau Perusahaan Publik; dan Company; and
c) Kelompok pemegang saham 91 c) Groups of public shareholders, or
masyarakat, yaitu kelompok groups of shareholders, each with
pemegang saham yang masing- less than 5% (five percent) ownership
masing memiliki kurang dari 5% shares of the Issuers or Public
(lima persen) saham emiten atau Company;
perusahaan publik;
14) Persentase kepemilikan tidak langsung 91 14) The percentage of indirect ownership of
atas saham Emiten atau Perusahaan the shares of the Issuer or Public Company
Publik oleh anggota Direksi dan anggota by members of the Board of Directors and
Dewan Komisaris pada awal dan akhir members of the Board of Commissioners
tahun buku, termasuk informasi mengenai at the beginning and end of the fiscal year,
pemegang saham yang terdaftar dalam including information on shareholders
daftar pemegang saham untuk kepentingan registered in the shareholder register for the
kepemilikan tidak langsung anggota Direksi benefit of indirect ownership of members of
dan anggota Dewan Komisaris; the Board of Directors and members of the
Board of Commissioners;
15) Jumlah pemegang saham dan persentase 91 15) Number of shareholders and ownership
kepemilikan per akhir tahun buku percentage at the end of the fiscal year, based
berdasarkan klasifikasi: on:
a) Kepemilikan institusi lokal; √ a) Ownership of local institutions;
b) Kepemilikan institusi asing; √ b) Ownership of foreign institutions;
c) Kepemilikan individu lokal; dan √ c) Ownership of local individual; and
d) Kepemilikan individu asing; √ d) Ownership of foreign individual;
16) Informasi mengenai pemegang saham 92 16 Information on major shareholders and
utama dan pengendali Emiten atau controlling shareholders the Issuers of Public
Perusahaan Publik, baik langsung maupun Company, directly or indirectly, and also
tidak langsung, sampai kepada pemilik individual shareholder, presented in the form
individu, yang disajikan dalam bentuk skema of scheme or diagram;
atau bagan;
17) Nama entitas anak, perusahaan asosiasi, 96-97 17) Name of subsidiaries, associated companies,
perusahaan ventura bersama dimana joint venture controlled by Issuers or Public
Emiten atau Perusahaan Publik memiliki Company, with entity, percentage of stock
pengendalian bersama entitas, beserta ownership, line of business, total assets
persentase kepemilikan saham, bidang and operating status of the Issuers of Public
usaha, total aset, dan status operasi Emiten Company (if any);
atau Perusahaan Publik tersebut (jika ada);
Untuk entitas anak, ditambahkan informasi √ For subsidiaries, include the addresses of the
mengenai alamat entitas anak tersebut; said subsidiaries;
18) Kronologi pencatatan saham, jumlah saham, 98 18) Chronology of share listing, number of shares,
nilai nominal, dan harga penawaran dari par value, and bid price from the beginning of
awal pencatatan hingga akhir tahun buku listing up to the end of the financial year, and
serta nama Bursa Efek dimana saham Emiten name of Stock Exchange where the Issuers of
atau Perusahaan Publik dicatatkan (jika ada); Public Company shares are listed;
19) Informasi pencatatan efek lainnya selain 98 19) Other securities listing information other
efek sebagaimana dimaksud pada angka 18), than the securities as referred to in number
yang belum jatuh tempo pada tahun buku 18), which have not yet matured in the
paling sedikit memuat nama efek, tahun fiscal year, at least contain the name of the
penerbitan, tingkat suku bunga/imbal hasil, securities, year of issue, interest rate/yield,
tanggal jatuh tempo, nilai penawaran, dan maturity date, offering value, and securities
peringkat efek (jika ada); rating (if any);
20) Informasi penggunaan jasa akuntan publik 99 20) Information on the use of a Public Accountant
(AP) dan kantor akuntan publik (KAP) beserta (AP) and a Public Accounting firm (KAP)
jaringan/asosiasi/aliansinya meliputi: services and their networks/associations/
alliances include:
a) nama dan alamat; √ a) name and address;
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b) periode penugasan; √ b) period of assignment;
c) informasi jasa audit dan/atau non √ c) informasi jasa audit dan/atau non
audit yang diberikan; audit yang diberikan;
d) biaya jasa (fee) audit dan/atau √ d) Audit and/or non-audit fees for each
non audit untuk masing-masing assignment given during the fiscal
penugasan yang diberikan selama year; and
tahun buku; dan
e) dalam hal AP dan KAP beserta √ e) In the event that AP and KAP and their
jaringan/asosiasi/aliansinya, yang network/association/alliance, which
ditunjuk tidak memberikan jasa non are appointed do not provide non-
audit, maka diungkapkan mengenai audit services, then the information is
informasi tersebut; dan disclosed; and
21) Nama dan alamat lembaga dan/atau profesi 99 21) Name and address of capital market
penunjang pasar modal selain AP dan KAP; supporting institutions and/or professionals
other than AP and KAP
f. Analisis dan Pembahasan Manajemen 101-133 f. Management Discussion and Analysis
Analisis dan pembahasan manajemen memuat Management Analysis and Discussion Annual
analisis dan pembahasan mengenai laporan should contain discussion and analysis on financial
keuangan dan informasi penting lainnya dengan statements and other material information
penekanan pada perubahan material yang terjadi emphasizing material changes that occurred
dalam tahun buku, yaitu paling sedikit memuat: during the year under review, at least including:
1) Tinjauan operasi per segmen operasi 110 1) Operational review per business segment,
sesuai dengan jenis industri Emiten atau according to the type of industry of the Issuer
Perusahaan Publik, paling sedikit mengenai: or Public Company including:
a) Produksi, yang meliputi proses, √ a) Production, including process,
kapasitas, dan perkembangannya; capacity, and growth;
b) Pendapatan/penjualan; dan 119 b) Income/sales; and
c) Profitabilitas; 122 c) Profitability;
2) Kinerja keuangan komprehensif yang 2) comprehensive financial performance
mencakup perbandingan kinerja keuangan analysis which includes a comparison
dalam 2 (dua) tahun buku terakhir, between the financial performance of the last
penjelasan tentang penyebab adanya 2 (two) fiscal years, and explanation on the
perubahan dan dampak perubahan tersebut, causes and effects of such changes, among
paling sedikit mengenai: others concerning:
a) Aset lancar, aset tidak lancar, dan total 117 a) Current assets, non-current assets,
aset; and total assets;
b) Liabilitas jangka pendek, liabilitas 118 b) Short term liabilities, long term
jangka panjang, dan total liabilitas; liabilities, total liabilities;
c) Ekuitas; 118 c) Equities;
d) Pendapatan/penjualan, beban, laba 119-120 d) Sales/operating revenues, expenses
(rugi), penghasilan komprehensif lain, and profit (loss), other comprehensive
dan total laba (rugi) komprehensif; revenues, and total comprehensive
dan profit (loss); and
e) Arus kas 121-122 e) Cash flows
3) Kemampuan membayar utang dengan 123 3) The capacity to pay debts by including the
menyajikan perhitungan rasio yang relevan; computation of relevant ratios;
4) Tingkat kolektibilitas piutang emiten atau 124 4) Accounts receivable collectability of the
perusahaan publik dengan menyajikan Issuer or Public Company, including the
perhitungan rasio yang relevan; computation of the relevant ratios;
5) Struktur modal (capital structure) dan 124 5) Capital structure and management policies
kebijakan manajemen atas struktur modal concerning capital structure, including the
(capital structure) tersebut disertai dasar basis for determining the said policy;
penentuan kebijakan dimaksud;
6) Bahasan mengenai ikatan yang material 125 6) discussion on material ties for the investment
untuk investasi barang modal dengan of capital goods, including the explanation
penjelasan paling sedikit meliputi: on at least:
a) Tujuan dari ikatan tersebut; - a) The purpose of such ties;
b) Sumber dana yang diharapkan untuk - b) Source of funds expected to fulfill the
memenuhi ikatan tersebut; said ties;
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c) Mata uang yang menjadi denominasi; - c) Currency of denomination; and
dan
d) Langkah yang direncanakan emiten - d) Steps taken by the Issuer of Public
atau perusahaan publik untuk Company to protect the position of a
melindungi risiko dari posisi mata related foreign currency against risks;
uang asing yang terkait;
7) Bahasan mengenai investasi barang modal 125 7) Discussion on investment of capital goods
yang direalisasikan dalam tahun buku which was realized in the last fiscal year, at
terakhir, paling sedikit meliputi: least include:
a) Jenis investasi barang modal; √ a) Type of investment of capital goods;
b) Tujuan investasi barang modal; dan √ b) Objective of the investment of capital
goods; and
c) Nilai investasi barang modal yang √ c) Value of the investment of capital
dikeluarkan; goods;
8) Informasi dan fakta material yang terjadi 126 8) Material Information and facts that occurring
setelah tanggal laporan akuntan (jika ada); after the date of the accountant’s report
(if any);
9) Prospek usaha dari emiten atau perusahaan 126, 113 9) Information on the prospects of the
publik dikaitkan dengan kondisi industri, Issuer or the Company in connection with
ekonomi secara umum dan pasar industry,economy in general, accompanied
internasional disertai data pendukung with supporting quantitative data if there is
kuantitatif dari sumber data yang layak a reliable data source;
dipercaya;
10) Perbandingan antara target/proyeksi pada 126 10) Comparison between target/projection at
awal tahun buku dengan hasil yang dicapai beginning of year and result (realization),
(realisasi), mengenai: concerning:
a) Pendapatan/penjualan; - a) Income/sales;
b) Laba (rugi); - b) Profit (loss);
c) Struktur modal (capital structure); - c) Capital structure; or
d) Kebijakan dividen; atau - d) Dividend policy; or
e) Hal lainnya yang dianggap penting - e) Others that deemed necessary for the
bagi Emiten atau Perusahaan Publik; Issuer or Public Company;
11) Target/proyeksi yang ingin dicapai Emiten 127 11) Target/projection at most for the next
atau Perusahaan Publik untuk 1 (satu) tahun one year of the Issuer or Public Company,
mendatang, mengenai: concerning:
a) Pendapatan/penjualan; - a) Income/sales;
b) Laba (rugi); - b) Profit (loss);
c) Struktur modal (capital structure); - c) Capital structure; or
d) Kebijakan dividen; atau - d) Dividend policy;
e) Hal lainnya yang dianggap penting - e) Or others that deemed necessary for
bagi Emiten atau Perusahaan Publik; the Issuer or Public Company;
12) Aspek pemasaran atas barang dan/atau 127 12) Marketing aspects of the company’s products
jasa Emiten atau Perusahaan Publik, paling and/or services the Issuer or Public Company,
sedikit mengenai strategi pemasaran dan among others marketing strategy and market
pangsa pasar; share;
13) Uraian mengenai dividen selama 2 (dua) 13) Description regarding the dividend policy
tahun buku terakhir (jika ada), paling sedikit: during the last 2 (two) fiscal years, at least:
a) Kebijakan dividen; 128 a) Dividend policy;
b) Tanggal pembayaran dividen kas dan/ √ b) The date of the payment of cash
atau tanggal distribusi dividen non dividend and/or date of distribution of
kas; non-cash dividend;
c) Jumlah dividen per saham (kas dan/ √ c) Amount of cash per share (cash and/or
atau non kas); dan non cash); and
d) Jumlah dividen per tahun yang √ d) Amount of dividend per year paid;
dibayar;
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Dalam hal Emiten atau Perusahaan Publik - Disclosure of information can be presented
tidak membagikan dividen dalam 2 (dua) in tabular form. In the event that the Issuer
tahun terakhir, maka diungkapkan mengenai or Public Company does not distribute
hal tersebut. dividends in the last 2 (two) years, this matter
shall be disclosed.
14) Realisasi penggunaan dana hasil Penawaran 129 14) Use of proceeds from Public Offerings, under
Umum, dengan ketentuan: the condition of:
a) Dalam hal selama tahun buku, Emiten - a) during the year under review, on which
memiliki kewajiban menyampaikan the Issuer has the obligation to report
laporan realisasi penggunaan the realization of the use of proceeds,
dana, maka diungkapkan realisasi then the realization of the cumulative
penggunaan dana hasil Penawaran use of proceeds until the year end
Umum secara kumulatif sampai should be disclosed; and
dengan akhir tahun buku; dan
b) Dalam hal terdapat perubahan - b) In the event that there were changes
penggunaan dana sebagaimana in the use of proceeds as stipulated
diatur dalam Peraturan Otoritas Jasa in the Regulation of the Financial
Keuangan tentang Laporan Realisasi Services Authority on the Report of
Penggunaan Dana Hasil Penawaran the Utilization of Proceeds from Public
Umum, maka Emiten menjelaskan Offering, then Issuer should explain
perubahan tersebut; the said changes;
15) Informasi material (jika ada), antara lain 129-130 15) Material information (if any), among
mengenai investasi, ekspansi, divestasi, others concerning investment, expansion,
penggabungan/peleburan usaha, akuisisi, divestment, acquisition, debt/capital
restrukturisasi utang/modal, transaksi restructuring, transactions with related
Afiliasi, dan transaksi yang mengandung parties and transactions with conflict of
benturan kepentingan, yang terjadi pada interest that occurred during the year under
tahun buku, antara lain memuat: review, among others include:
a) Tanggal, nilai, dan objek transaksi; - a) Transaction date, value, and object;
b) Nama pihak yang melakukan - b) Name of transacting parties;
transaksi;
c) Sifat hubungan Afiliasi (jika ada); - c) Nature of related parties (if any);
d) Penjelasan mengenai kewajaran - d) Description of the fairness of the
transaksi; dan transaction; and
e) Pemenuhan ketentuan terkait; - e) Compliance with related rules and
regulations;
f) dalam hal terdapat hubungan afiliasi, f) In the event that there is an affiliation
selain mengungkapkan informasi relationship, apart from disclosing the
sebagaimana dimaksud dalam information as referred to in letter a) to
huruf a) sampai dengan huruf e), letter e), the Issuer or Public Company
Emiten atau Perusahaan Publik juga also discloses information:
mengungkapkan informasi:
1) Pernyataan Direksi bahwa - 1) A statement from the Board
transaksi afiliasi telah melalui of Directors that the affiliate
prosedur yang memadai untuk transaction has gone through
memastikan bahwa transaksi adequate procedures to ensure
afiliasi dilaksanakan sesuai that the affiliate transaction is
dengan praktik bisnis yang carried out in accordance with
berlaku umum antara lain generally accepted business
dilakukan dengan memenuhi practices, by complying with the
prinsip transaksi yang wajar arms-length principle; and
(arms- length principle); dan
2) Peran Dewan Komisaris dan - 2) The role of the Board of
komite audit dalam melakukan Commissioners and the audit
prosedur yang memadai untuk committee in carrying out
memastikan bahwa transaksi adequate procedures to ensure
afiliasi dilaksanakan sesuai that affiliated transactions are
dengan praktik bisnis yang carried out in accordance with
berlaku umum antara lain generally accepted business
dilakukan dengan memenuhi practices, by complying with the
prinsip transaksi yang wajar arms-length principle;
(arms- length principle);
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g) Dalam hal transaksi afiliasi atau - g) For affiliated transactions or material
transaksi material dimaksud telah transactions which are business
diungkapkan dalam laporan keuangan activities carried out to generate
tahunan, ditambahkan informasi business income and are carried
mengenai rujukan pengungkapan out regularly, repeatedly, and/or
dalam laporan keuangan tahunan continuously, an explanation is added
tersebut. that the affiliated transactions or
material transactions are business
activities carried out to generate
operating income. and run regularly,
repeatedly, and/or continuously;
h) Untuk pengungkapan transaksi - h) For disclosure of affiliated transactions
afiliasi dan/atau transaksi benturan and/or conflict of interest transactions
kepentingan yang merupakan hasil resulting from the implementation
pelaksanaan transaksi afiliasi dan/ of affiliated transactions and/or
atau transaksi benturan kepentingan conflict of interest transactions that
yang telah disetujui pemegang saham have been approved by independent
independen, ditambahkan informasi shareholders, additional information
mengenai tanggal pelaksanaan RUPS regarding the date of the GMS which
yang menyetujui transaksi afiliasi dan/ approved the affiliated transactions
atau transaksi benturan kepentingan and/or conflict of interest transactions
tersebut; is added;
i) Dalam hal tidak terdapat transaksi 131 i) In the event that there is no affiliated
afiliasi dan/atau transaksi benturan transaction and/or conflict of interest
kepentingan, maka diungkapkan transaction, then this shall be
mengenai hal tersebut; disclosed;
16) Perubahan ketentuan peraturan perundang- 131 16) Changes in regulation which have a
undangan yang berpengaruh signifikan significant effect on the Issuer or Public
terhadap Emiten atau Perusahaan Publik Company and impacts on the company (if
dan dampaknya terhadap laporan keuangan any); and
(jika ada); dan
17) Perubahan kebijakan akuntansi, alasan dan 133 17) Changes in the accounting policy, rationale
dampaknya terhadap laporan keuangan (jika and impact on the financial statement (if
ada); any);
g. Tata Kelola Emiten atau Perusahaan Publik 135-225 g. Corporate Governance of the Issuer or Public
Company
Tata kelola Emiten atau Perusahaan Publik paling Corporate Governance of the Issuer or Public
sedikit memuat uraian singkat mengenai: Company contains at least:
1) RUPS, paling sedikit memuat: 1) GMS, at least contains:
a) Informasi mengenai keputusan RUPS a) Information regarding the resolutions
pada tahun buku dan 1 (satu) tahun of the GMS in the fiscal year and 1 (one)
sebelum tahun buku meliputi: year prior to the fiscal year include:
1) keputusan RUPS pada tahun 147-153 1) Resolutions of the GMS in the
buku dan 1 (satu) tahun sebelum fiscal year and 1 (one) year before
tahun buku yang direalisasikan the fiscal year realized in the
pada tahun buku; dan fiscal year; and
2) keputusan RUPS pada tahun 150 2) Resolutions of the GMS in the
buku dan 1 (satu) tahun fiscal year and 1 (one) year before
sebelum tahun buku yang belum the fiscal year that have not been
direalisasikan beserta alasan realized and the reasons for not
belum direalisasikan; realizing them;
b) dalam hal Emiten atau Perusahaan 145 b) In the event that the Issuer or Public
Publik menggunakan pihak Company uses an independent party
independen dalam pelaksanaan RUPS in the conduct of the GMS to calculate
untuk melakukan perhitungan suara, the votes, then this matter shall be
maka diungkapkan mengenai hal disclosed;
tersebut;
2) Direksi, mencakup antara lain: 2) The Board of Directors, covering:
a) Tugas dan tanggung jawab masing- 155 a) The tasks and responsibilities of each
masing anggota Direksi; member of the Board of Directors;
b) Pernyataan bahwa Direksi memiliki 156 b) Statement that the Board of Directors
pedoman atau piagam (charter) has already have board manual or
Direksi; charter;
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c) Kebijakan dan pelaksanaan tentang 158-160 c) Policies and implementation of
frekuensi rapat Direksi, termasuk the frequency of meetings of the
rapat bersama Dewan Komisaris, dan Board of Directors, meetings of the
tingkat kehadiran anggota Direksi Board of Directors with the Board
dalam rapat tersebut termasuk tingkat of Commissioners, and the level of
kehadiran dalam RUPS; attendance of members of the Board
of Directors in the meeting including
attendance at the GMS;
d) pelatihan dan/atau peningkatan d) Training and/or competency
kompetensi anggota Direksi: development of members of the Board
of Directors:
(1) kebijakan pelatihan dan/ 160 (1) Policies for training and/or
atau peningkatan kompetensi improving the competence
anggota Direksi, termasuk of members of the Board
program orientasi bagi anggota of Directors, including an
Direksi yang baru diangkat (jika orientation program for newly
ada); dan appointed members of the Board
of Directors (if any); and
(2) pelatihan dan/atau peningkatan 160 (2) Training and/or competency
kompetensi yang diikuti anggota improvement attended by
Direksi dalam tahun buku (jika members of the Board of
ada); Directors in the fiscal year (if any);
e) penilaian Direksi terhadap kinerja 162 e) The Board of Directors’ assessment of
komite yang mendukung pelaksanaan the performance of the committees
tugas Direksi pada tahun buku paling that support the implementation of
sedikit memuat: the Board of Directors’ duties for the
fiscal year shall at least contain:
(1) prosedur penilaian kinerja; dan √ (1) Performance appraisal
procedures; and
(2) kriteria yang digunakan seperti √ (2) The criteria used are performance
capaian kinerja selama tahun achievements during the fiscal
buku, kompetensi dan kehadiran year, are competence and
dalam rapat; dan attendance at meetings; and
f) dalam hal Emiten atau Perusahaan - f) In the event that the Issuer or Public
Publik tidak memiliki komite yang Company does not have a committee
mendukung pelaksanaan tugas that supports the implementation of
Direksi, maka diungkapkan mengenai the duties of the Board of Directors,
hal tersebut. this matter shall be disclosed.
3) Dewan Komisaris, mencakup antara lain: 3) The Board of Commissioners, among others
include:
a) Tugas dan tanggung jawab Dewan 165 a) Duties and responsibilities of the
Komisaris; Board of Commissioners;
b) Pernyataan bahwa Dewan Komisaris 167 b) Statement that the Board of
memiliki pedoman atau piagam Commissioners has already have the
(charter) Dewan Komisaris; board manual or charter;
c) Kebijakan dan pelaksanaan tentang 168-169 c) Policies and implementation of the
frekuensi rapat Dewan Komisaris, frequency of meetings of the Board
termasuk rapat bersama Direksi, dan of Commissioners, meetings of the
tingkat kehadiran anggota Dewan Board of Commissioners with the
Komisaris dalam rapat tersebut Board of Directors and the level of
termasuk tingkat kehadiran dalam attendance of members of the Board
RUPS;; of Commissioners in these meetings
including attendance at the GMS;
d) pelatihan dan/atau peningkatan d) Training and/or competency
kompetensi anggota Dewan Komisaris: improvement of members of the Board
of Commissioners:
(1) kebijakan pelatihan dan/ 169 (1) Policy on competency training
atau peningkatan kompetensi and/or development of members
anggota Dewan Komisaris, of the Board of Commissioners,
termasuk program orientasi bagi including orientation programs
anggota Dewan Komisaris yang for newly appointed members of
baru diangkat (jika ada); dan the Board of Commissioners (if
any); and
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(2) pelatihan dan/atau peningkatan 169 (2) Competency training and/
kompetensi yang diikuti anggota or development attended
Dewan Komisaris dalam tahun by members of the Board of
buku (jika ada); Commissioners in the fiscal year
(if any);
e) penilaian terhadap kinerja anggota 170-171 e) The assessment on the performance
Direksi dan anggota Dewan Komisaris of the Board of Directors and
dan pelaksanaannya, paling sedikit Board of Commissioners and the
memuat: implementation, at least covering:
(1) Prosedur pelaksanaan penilaian √ (1) procedure for the
kinerja; implementation of performance
assessment;
(2) Kriteria yang digunakan seperti √ (2) Criteria used are performance
capaian kinerja selama tahun achievements during the
buku, kompetensi dan kehadiran fiscal year, competency and
dalam rapat; dan attendance at meetings; and
(3) Pihak yang melakukan penilaian; √ (3) Assessor;
f) penilaian Dewan Komisaris terhadap 172-173 f) Board of Commissioners’ assessment
kinerja Komite yang mendukung of the performance of the Committees
pelaksanaan tugas Dewan Komisaris that support the implementation of the
pada tahun buku meliputi: duties of the Board of Commissioners
in the fiscal year includes:
(1) prosedur penilaian kinerja; dan √ (1) Performance appraisal
procedures; and
(2) kriteria yang digunakan seperti √ (2) The criteria used are performance
capaian kinerja selama tahun achievements during the
buku, kompetensi dan kehadiran fiscal year, competency and
dalam rapat; attendance at meetings;
4) Nominasi dan remunerasi Direksi dan Dewan 174-176 4) The nomination and remuneration of
Komisaris, paling sedikit memuat: the Board of Directors and the Board of
Commissioners shall at least contain:
a) prosedur nominasi, meliputi uraian √ a) Nomination procedure, including a
singkat mengenai kebijakan dan brief description of the policies and
proses nominasi anggota Direksi dan/ process for nomination of members of
atau anggota Dewan Komisaris; dan the Board of Directors and/or members
of the Board of Commissioners; and
b) prosedur dan pelaksanaan remunerasi b) Procedures and implementation of
Direksi dan Dewan Komisaris, antara remuneration for the Board of Directors
lain: and the Board of Commissioners,
among others:
(1) prosedur penetapan remunerasi √ (1) Procedures for determining
Direksi dan Dewan Komisaris; remuneration for the Board
of Directors and the Board of
Commissioners;
(2) struktur remunerasi Direksi dan √ (2) The remuneration structure of
Dewan Komisaris seperti, gaji, the Board of Directors and the
tunjangan, tantiem/bonus dan Board of Commissioners such
lainnya; dan as salary, allowances, tantiem/
bonus and others; and
(3) besarnya remunerasi masing- √ (3) The amount of remuneration
masing anggota Direksi dan for each member of the Board
anggota Dewan Komisaris; of Directors and member of the
Board of Commissioners
5) Dewan Pengawas Syariah, bagi Emiten - 5) Sharia Supervisory Board, for Issuer or Public
atau Perusahaan Publik yang menjalankan Company that conduct business based on
kegiatan usaha berdasarkan prinsip syariah sharia law, as stipulated in the articles of
sebagaimana tertuang dalam anggaran association, at least containing:
dasar, paling sedikit memuat:
a) nama; - a) name;
b) dasar hukum pengangkatan dewan - b) Legal basis for the appointment of the
pengawas syariah; sharia supervisory board;
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c) periode penugasan dewan pengawas - c) Period of assignment of the sharia
syariah; supervisory board;
d) tugas dan tanggung jawab Dewan - d) duty and responsibility of Sharia
Pengawas Syariah; dan Supervisory Board; and
e) frekuensi dan cara pemberian - e) frequency and procedure in providing
nasihat dan saran serta pengawasan advice and suggestion, as well as the
pemenuhan Prinsip Syariah di compliance of Sharia Principles by
Pasar Modal terhadap Emiten atau the Issuer or Public Company in the
Perusahaan Publik; Capital Market;
6) Komite Audit, mencakup antara lain: 6) Audit Committee, among others covering:
a) Nama dan jabatannya dalam 177-179 a) Name and position in the committee;
keanggotaan komite;
b) Usia; √ b) Age;
c) Kewarganegaraan; √ c) Citizenship;
d) Riwayat pendidikan; √ d) Education background;
e) Riwayat jabatan, meliputi informasi: e) History of position; including:
(1) Dasar hukum untuk √ (1) Legal basis for appointment as
pengangkatan sebagai anggota committee member;
komite;
(2) Rangkap jabatan, baik sebagai √ (2) Dual position, as member
anggota Dewan Komisaris, of Board of Commissioners,
anggota Direksi, dan/atau member of Board of Directors,
anggota komite serta jabatan and/or member of committee,
lainnya (jika ada); dan and other position (if any); and
(3) Pengalaman kerja beserta √ (3) working experience and period
periode waktunya baik di dalam in and outside the Issuer or
maupun di luar Emiten atau Public Company;
Perusahaan Publik;
f) Periode dan masa jabatan anggota √ f) Period and terms of office of the
Komite Audit; member of Audit Committee;
g) Pernyataan independensi Komite 180 g) statement of independence of the
Audit; Audit Committee;
h) Pendidikan dan/atau pelatihan yang 180-181 h) Training and/or competency
telah diikuti dalam tahun buku (jika improvement that have been followed
ada); dan in the fiscal year (if any);
i) Kebijakan dan pelaksanaan tentang 183 i) Policies and implementation of
frekuensi rapat Komite Audit dan the frequency of audit committee
tingkat kehadiran anggota Komite meetings and the level of attendance
Audit dalam rapat tersebut; of audit committee members in those
meetings; and
j) Pelaksanaan kegiatan Komite Audit 184 j) the activities of the Audit Committee in
pada tahun buku sesuai dengan yang the year under review, in accordance
dicantumkan dalam pedoman atau with the Audit Committee Charter;
piagam (charter) Komite Audit;
7) Komite atau fungsi nominasi dan remunerasi 185 7) The nomination and remuneration
Emiten atau Perusahaan Publik, paling committee or function of the Issuer or Public
sedikit memuat: Company, at least containing:
a) Nama dan jabatannya dalam - a) Name and position in committee
keanggotaan komite; membership;
b) Usia; - b) Age;
c) Kewarganegaraan; - c) Nationality;
d) Riwayat pendidikan; - d) Educational history;
e) Riwayat jabatan, meliputi informasi: - e) Position history, including information
on:
(1) Dasar hukum penunjukan - (1) Legal basis for appointment as
sebagai anggota komite; committee member;
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(2) Rangkap jabatan, baik sebagai - (2) Concurrent positions, either
anggota Dewan Komisaris, as a member of the Board of
anggota Direksi, dan/atau Commissioners, member of
anggota komite serta jabatan the Board of Directors, and/or
lainnya (jika ada); dan committee member and other
positions (if any); and
(3) Pengalaman kerja beserta - (3) Work experience and period of
periode waktunya baik di dalam time both inside and outside the
maupun di luar Emiten atau Issuer or Public Company;
Perusahaan Publik;
f) Periode dan masa jabatan anggota - f) Period and term of office of the
komite; committee members;
g) Pernyataan independensi komite; - g) Statement of committee
independence;
h) Pendidikan dan/atau pelatihan yang - h) Training and/or competency
telah diikuti dalam tahun buku (jika improvement that have been followed
ada); dan in the fiscal year (if any);
i) Uraian tugas dan tanggung jawab; - i) Description of duties and
responsibilities;
j) Pernyataan bahwa telah memiliki - j) A statement that it has a guideline or
pedoman atau piagam (charter) charter;
komite;
k) Kebijakan dan pelaksanaan tentang - k) Policies and implementation of the
frekuensi rapat komite dan tingkat frequency of meetings and the level
kehadiran anggota komite dalam rapat of attendance of members at the
tersebut; meeting;
l) Uraian singkat pelaksanaan kegiatan - l) Brief description of the implementation
pada tahun buku; dan of activities in the fiscal year; and
m) Dalam hal tidak dibentuk komite - m) In the event that no nomination and
nominasi dan remunerasi, Emiten remuneration committee is formed,
atau Perusahaan Publik cukup the Issuer or Public Company is
mengungkapkan informasi sufficient to disclose the information
sebagaimana dimaksud dalam as referred to in letter i) to letter l) and
huruf i) sampai dengan huruf l) dan disclose:
mengungkapkan:
(1) Alasan tidak dibentuknya 205 (1) Reasons for not forming the
komite; dan committee; and
(2) Pihak yang melaksanakan fungsi 205 (2) The party carrying out the
nominasi dan remunerasi; nomination and remuneration
function;
8) Komite lain yang dimiliki Emiten atau 8) Other committees owned by Issuers or Public
Perusahaan Publik dalam rangka mendukung Companies in order to support the functions
fungsi dan tugas Direksi (jika ada) dan/atau and tasks of the Board of Directors (if any) and
komite yang mendukung fungsi dan tugas / or committees that support the functions
Dewan Komisaris, paling sedikit memuat: and duties of the Board of Commissioners,
the least contains:
a) Nama dan jabatannya dalam 186-187, 190-181 a) Name and position in the Committee;
keanggotaan komite;
b) Usia; √ b) Age;
c) Kewarganegaraan; √ c) Citizenship;
d) Riwayat pendidikan; √ d) Education background;
e) Riwayat jabatan, meliputi informasi: √ e) History of position, including:
(1) Dasar hukum penunjukan √ (1) Legal basis for the appointment
sebagai anggota komite; as member of the committee;
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(2) Rangkap jabatan, baik sebagai √ (2) Dual position, as member
anggota Dewan Komisaris, of Board of Commissioners,
anggota Direksi, dan/atau member of Board of Directors,
anggota komite serta jabatan and/or member of committee,
lainnya (jika ada); dan and other position (if any); and
(3) Pengalaman kerja beserta - (3) Working experience and period
periode waktunya baik di dalam in and outside the Issuer or
maupun di luar Emiten atau Public Company;
Perusahaan Publik;
f) Periode dan masa jabatan anggota √ f) Period and terms of office of the
komite; member of Audit Committee;
g) Pernyataan independensi komite; √ g) Statement of committee
independence;
h) Pendidikan dan/atau pelatihan yang - h) Training and/or competency
telah diikuti dalam tahun buku (jika improvement that have been followed
ada); dan in the fiscal year (if any); and
i) Uraian tugas dan tanggung jawab; √ i) Description of duties and
responsibilities;
j) Pernyataan bahwa telah memiliki √ j) A statement that the committee has
pedoman atau piagam (charter) had guidelines or charters;
komite;
k) Kebijakan dan pelaksanaan tentang √ k) Policies and implementation of the
frekuensi rapat komite dan tingkat frequency of committee meetings and
kehadiran anggota komite dalam rapat the level of attendance of committee
tersebut; members at the meeting; and
l) uraian singkat pelaksanaan kegiatan √ l) A brief description of the committee’s
pada tahun buku; dan activities for the fiscal year;
9) Sekretaris Perusahaan, mencakup antara 193-194 9) Corporate Secretary, including:
lain:
a) nama; √ a) name;
b) domisili; √ b) domicile;
c) riwayat jabatan, meliputi informasi: c) history of position, including:
(1) dasar hukum penunjukan √ (1) legal basis for the appointment
sebagai Sekretaris Perusahaan; as Corporate Secretary; and
dan
(2) pengalaman kerja beserta √ (2) working experience and period
periode waktunya baik di dalam in and outside the Issuer or
maupun di luar Emiten atau Public Company;
Perusahaan Publik;
d) riwayat pendidikan; √ d) education background;
e) pendidikan dan/atau pelatihan yang 195-196 e) education and/or training during the
diikuti dalam tahun buku; dan year under review; and
f) uraian singkat pelaksanaan tugas 185 f) brief description on the
Sekretaris Perusahaan pada tahun implementation of duties of the
buku; Corporate Secretary in the year under
review;
10) Unit Audit Internal, mencakup antara lain: 199-200 10) Internal Audit Unit, among others including:
a) Nama kepala Unit Audit Internal; √ a) Name of Head of Internal Audit Unit;
b) Riwayat jabatan, meliputi informasi: b) History of position, including:
(1) Dasar hukum penunjukan √ (1) Legal basis for the appointment
sebagai Kepala Audit Internal; as Head of Internal Audit Unit;
dan and
(2) Pengalaman kerja beserta √ (2) Working experience and period
periode waktunya baik di dalam in and outside the Issuer or
maupun di luar Emiten atau Public Company;
Perusahaan Publik;
c) Kualifikasi atau sertifikasi sebagai √ c) Qualification or certification as internal
profesi audit internal (jika ada); auditor (if any);
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d) Pendidikan dan/atau pelatihan yang 201 d) Education and/or training during the
diikuti dalam tahun buku; year under review;
e) Struktur dan kedudukan Unit Audit 199 e) Structure and position of Internal
Internal; Audit Unit;
f) Uraian tugas dan tanggung jawab; 201 f) Description of duties and
responsibilities;
g) Pernyataan bahwa telah memiliki 202 g) Statement that the Internal Audit Unit
pedoman atau piagam (charter) Unit has already have Internal Audit Unit
Audit Internal; dan charter; and
h) Uraian singkat pelaksanaan tugas Unit 202 h) Brief description on the
Audit Internal pada tahun buku; implementation of duty of Internal
Audit Unit during the year under
review;
11) Uraian mengenai sistem pengendalian 204-205 11) Description on internal control system
internal (internal control) yang diterapkan adopted by the Issuer or Public Company, at
oleh Emiten atau Perusahaan Publik, paling least covering:
sedikit mengenai:
a) Pengendalian keuangan dan √ a) Financial and operational control, and
operasional, serta kepatuhan terhadap compliance to the other prevailing
peraturan perundang-undangan rules; and
lainnya; dan
b) Tinjauan atas efektivitas sistem √ b) Review on the effectiveness of internal
pengendalian internal; control systems;
c) Pernyataan Direksi dan/atau Dewan √ c) Statement of the Board of Directors
Komisaris atas kecukupan sistem and/or Board of Commissioners on
pengendalian internal; the adequacy of the internal control
system;
12) Sistem manajemen risiko yang diterapkan 206-209 12) Risk management system implemented by
oleh Emiten atau Perusahaan Publik, paling the company, at least includes:
sedikit mengenai:
a) Gambaran umum mengenai sistem √ a) General description about the
manajemen risiko Emiten atau company’s risk management system
Perusahaan Publik; the Issuer or Public Company;
b) Jenis risiko dan cara pengelolaannya; √ b) Types of risk and the management;
dan and
c) Tinjauan atas efektivitas sistem √ c) Review the effectiveness of the risk
manajemen risiko Emiten atau management system applied by the
Perusahaan Publik; Issuer or Public Company;
d) Pernyataan Direksi dan/atau Dewan √ d) Statement of the Board of Directors
Komisaris atau komite audit atas and/or the Board of Commissioners or
kecukupan sistem manajemen risiko; the audit committee on the adequacy
of the risk management system;
13) Perkara hukum yang berdampak material 209 13) Legal cases that have a material impact faced
yang dihadapi oleh Emiten atau Perusahaan by Issuers or Public Companies, subsidiaries,
Publik, entitas anak, anggota Direksi dan members of the Board of Directors and
anggota Dewan Komisaris (jika ada), antara members of the Board of Commissioners (if
lain meliputi: any), at least contain:
a) Pokok perkara/gugatan; - a) Substance of the case/claim;
b) Status penyelesaian perkara/gugatan; - b) Status of settlement of case/claim; and
dan
c) Pengaruhnya terhadap kondisi Emiten - c) Potential impacts on the condition of
atau Perusahaan Publik; the Issuer or Public Company;
14) Informasi tentang sanksi administratif yang 210 14) information about administrative sanctions
dikenakan kepada Emiten atau Perusahaan imposed to Issuer or Public Company,
Publik, anggota Dewan Komisaris dan members of the Board of Commissioners and
Direksi, oleh otoritas Pasar Modal dan the Board of Directors, by the Capital Market
otoritas lainnya pada tahun buku (jika ada); Authority and other authorities during the
last fiscal year (if any);
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15) Informasi mengenai kode etik Emiten atau 211-212 15) information about codes of conduct of the
Perusahaan Publik meliputi: Issuer or Public Company, includes:
a) Pokok-pokok kode etik; √ a) Key points of the code of conduct;
b) Bentuk sosialisasi kode etik dan upaya √ b) Socialization of the code of conduct
penegakannya; dan and enforcement; and
c) Pernyataan bahwa kode etik berlaku √ c) Statement that the code of conduct
bagi anggota Direksi, anggota Dewan is applicable for the Board of
Komisaris, dan karyawan Emiten atau Commissioners, the Board of Directors,
Perusahaan Publik; and employees of the Issuer of Public
Company;
16) Uraian singkat mengenai kebijakan 212 16) A brief description of the policy of providing
pemberian kompensasi jangka panjang long-term performance-based compensation
berbasis kinerja kepada manajemen to management and/or employees owned
dan/atau karyawan yang dimiliki oleh by the Issuer or Public Company (if any),
Emiten atau Perusahaan Publik (jika ada), including the management stock ownership
antara lain berupa program kepemilikan program (MSOP) and/or program employee
saham oleh manajemen (management stock ownership (ESOP);
stock ownership program/MSOP) dan/
atau program kepemilikan saham oleh
karyawan (employee stock ownership
program/ESOP); Dalam hal pemberian
kompensasi berupa program kepemilikan
saham oleh manajemen (management
stock ownership program/MSOP) dan/atau
program kepemilikan saham oleh karyawan
(employee stock ownership program/ESOP),
informasi yang diungkapkan paling sedikit
memuat:
a) jumlah saham dan/atau opsi; √ a) Number of shares and/or options;
b) jangka waktu pelaksanaan; √ b) Implementation period;
c) persyaratan karyawan dan/atau √ c) Requirements for eligible employees
manajemen yang berhak; dan and/or management; and
d) harga pelaksanaan atau penentuan √ d) Exercise price or determination of
harga pelaksanaan; exercise price;
17) Uraian singkat mengenai kebijakan 17) A brief description of the information
pengungkapan informasi mengenai: disclosure policy regarding:
a) Kepemilikan saham anggota Direksi 213 a) Share ownership of members of the
dan anggota Dewan Komisaris paling Board of Directors and members of
lambat 3 (tiga) hari kerja setelah the Board of Commissioners no later
terjadinya kepemilikan atau setiap than 3 (three) working days after
perubahan kepemilikan atas saham the occurrence of ownership or any
Perusahaan Terbuka; dan change in ownership of shares of a
Public Company; and
b) Pelaksanaan atas kebijakan dimaksud; - b) Implementation of the policy;
18) Uraian mengenai sistem pelaporan 214-216 18) Description of whistleblowing system at the
pelanggaran (whistleblowing system) di Issuer or Public Company (if any), among
Emiten atau Perusahaan Publik (jika ada), others include:
antara lain meliputi:
a) Cara penyampaian laporan √ a) Mechanism for violation reporting;
pelanggaran;
b) Perlindungan bagi pelapor; √ b) Protection for the whistleblower;
c) Penanganan pengaduan; √ c) Handling of violation reports;
d) Pihak yang mengelola pengaduan; dan √ d) Unit responsible for handling of
violation report; and
e) Hasil dari penanganan pengaduan, √ e) Results from violation report handling,
paling sedikit meliputi: at least includes:
(1) Jumlah pengaduan yang masuk √ (1) Number of complaints received
dan diproses dalam tahun buku; and processed during the fiscal
dan year; and
(2) Tindak lanjut pengaduan; √ (2) Follow up of complaints;
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19) Uraian mengenai kebijakan anti korupsi 217-219 19) A description of the anti-corruption policy
Emiten atau Perusahaan Publik, paling of the Issuer or Public Company, at least
sedikit memuat: containing:
a) program dan prosedur yang dilakukan √ a) Programs and procedures
dalam mengatasi praktik korupsi, implemented in overcoming corrupt
balas jasa (kickbacks), fraud, suap practices, kickbacks, fraud, bribery
dan/atau gratifikasi dalam Emiten atau and/or gratification in Issuers or Public
Perusahaan Publik; dan Companies; and
b) pelatihan/sosialisasi anti korupsi √ b) Anti-corruption training/socialization
kepada karyawan Emiten atau to employees of Issuers or Public
Perusahaan Publik; Companies;
20) Penerapan atas Pedoman Tata Kelola 220-224 20) Implementation of the Guidelines of
Perusahaan Terbuka bagi Emiten yang Corporate Governance for Public Companies
menerbitkan Efek Bersifat Ekuitas atau for Issuer issuing Equity-based Securities or
Perusahaan Publik, meliputi: Public Company, including:
a) pernyataan mengenai rekomendasi √ a) statement regarding recommendation
yang telah dilaksanakan; dan/atau that have been implemented; and/or
b) penjelasan atas rekomendasi yang √ b) description of recommendation that
belum dilaksanakan, disertai alasan have not been implemented, along
dan alternatif pelaksanaannya (jika with the reason and alternatives of
ada); implementation (if any);
h. Tanggung Jawab Sosial dan Lingkungan Emiten 227-238 h. Social and Environmental Responsibility of the
atau Perusahaan Publik Issuer or Public Company
1) Informasi yang diungkapkan dalam bagian √ 1) The information disclosed in the social and
tanggung jawab sosial dan lingkungan environmental responsibility section is a
merupakan Laporan Keberlanjutan Sustainability Report as referred to in the
(Sustainability Report) sebagaimana Financial Services Authority Regulation
dimaksud dalam Peraturan Otoritas Jasa Number 51/POJK.03/2017 concerning the
Keuangan Nomor 51/POJK.03/2017 tentang Implementation of Sustainable Finance for
Penerapan Keuangan Berkelanjutan bagi Financial Services Institutions, Issuers, and
Lembaga Jasa Keuangan, Emiten, dan Public Companies, at at least includes:
Perusahaan Publik, paling sedikit memuat:
a) penjelasan strategi keberlanjutan; √ a) Explanation of the sustainability
strategy;
b) ikhtisar aspek keberlanjutan (ekonomi, √ b) Overview of sustainability aspects
sosial, dan lingkungan hidup); (economic, social, and environmental);
c) profil singkat Emiten atau Perusahaan √ c) Brief profile of the Issuer or Public
Publik; Company;
d) penjelasan Direksi; √ d) Explanation of the Board of Directors;
e) tata kelola keberlanjutan; √ e) Sustainability governance;
f) kinerja keberlanjutan; √ f) Sustainability performance;
g) verifikasi tertulis dari pihak √ g) Written verification from an
independen, jika ada; independent party, if any;
h) lembar umpan balik (feedback) untuk √ h) Feedback sheet for readers, if any; and
pembaca, jika ada; dan
i) Tanggapan Emiten atau Perusahaan i) The response of the Issuer or Public
Publik terhadap umpan balik laporan Company to the previous year’s report
tahun sebelumnya; feedback;
2) Laporan Keberlanjutan sebagaimana √ 2) The Sustainability Report as referred to in
dimaksud pada angka 1), harus disusun number 1) must be prepared in accordance
sesuai Pedoman Teknis Penyusunan with the Technical Guidelines for the
Laporan Keberlanjutan (Sustainability Preparation of a Sustainability Report for
Report) Bagi Emiten dan Perusahaan Publik Issuers and Public Companies as contained
sebagaimana tercantum dalam Lampiran II in Appendix II which is an integral part of this
yang merupakan bagian tidak terpisahkan Financial Services Authority Circular Letter;
dari Surat Edaran Otoritas Jasa Keuangan ini;
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3) Informasi Laporan Keberlanjutan 3) Information on the Sustainability Report in
(Sustainability Report) pada angka 1) dapat: number 1) can:
a) diungkapkan pada bagian lain yang √ a) Disclosed in other relevant sections
relevan di luar bagian tanggung outside the Social and Environmental
jawab sosial dan lingkungan, seperti Responsibility section, such as the
penjelasan Direksi terkait Laporan Directors’ explanation regarding the
Keberlanjutan diungkapkan dalam Sustainability Report disclosed in
bagian terkait Laporan Direksi; dan/ the section related to the Directors’
atau Report; and/or
b) merujuk pada bagian lain di luar √ b) Refers to other sections outside
bagian tanggung jawab sosial dan the Social and Environmental
lingkungan dengan tetap mengacu Responsibility section by still referring
pada Pedoman Teknis Penyusunan to the Technical Guidelines for the
Laporan Keberlanjutan (Sustainability Preparation of Sustainability Reports
Report) Bagi Emiten dan Perusahaan for Issuers and Public Companies
Publik sebagaimana tercantum dalam as listed in Appendix II which is an
Lampiran II yang merupakan bagian integral part of this Financial Services
tidak terpisahkan dari Surat Edaran Authority Circular Letter, such as the
Otoritas Jasa Keuangan ini, seperti profile of the Issuer or Public Company;
profil Emiten atau Perusahaan Publik;
4) Laporan Keberlanjutan (Sustainability - 4) The Sustainability Report as referred to in
Report) sebagaimana dimaksud pada angka number 1) is an inseparable part of the Annual
1) merupakan bagian yang tidak terpisahkan Report but can be presented separately from
dari Laporan Tahunan namun dapat disajikan the Annual Report;
secara terpisah dengan Laporan Tahunan;
5) Dalam hal Laporan Keberlanjutan disajikan 5) In the event that the Sustainability Report
secara terpisah dengan Laporan Tahunan, is presented separately from the Annual
informasi yang diungkapkan dalam Laporan Report, the information disclosed in the
Keberlanjutan dimaksud harus: Sustainability Report must:
a) memuat seluruh informasi √ a) Contains all the information as
sebagaimana dimaksud pada angka referred to in number 1); and
1); dan
b) disusun sesuai Pedoman Teknis √ b) Prepared in accordance with
Penyusunan Laporan Keberlanjutan the Technical Guidelines for the
(Sustainability Report) Bagi Emiten Preparation of a Sustainability Report
dan Perusahaan Publik sebagaimana for Issuers and Public Companies
tercantum dalam Lampiran II yang as listed in Appendix II which is an
merupakan bagian tidak terpisahkan integral part of this Financial Services
dari Surat Edaran Otoritas Jasa Authority Circular Letter;
Keuangan ini;
6) Dalam hal Laporan Keberlanjutan disajikan √ 6) In the event that the Sustainability Report
secara terpisah dengan Laporan Tahunan, is presented separately from the Annual
maka dalam bagian tanggung jawab sosial Report, then the Social and Environmental
dan lingkungan memuat informasi bahwa Responsibility section contains information
informasi mengenai tanggung jawab sosial that information on Social and Environmental
dan lingkungan telah diungkapkan dalam Responsibility has been disclosed in the
Laporan Keberlanjutan yang disajikan secara Sustainability Report which is presented
terpisah dari Laporan Tahunan; dan separately from the Annual Report; and
7) Penyampaian Laporan Keberlanjutan √ 7) Submission of the Sustainability Report
(Sustainability Report) yang disajikan which is presented separately from the
secara terpisah dengan Laporan Tahunan Annual Report must be submitted together
harus disampaikan bersamaan dengan with the Annual Report.
penyampaian Laporan Tahunan.
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i Laporan Keuangan Tahunan yang Telah Diaudit √ i Audited Annual Financial Statement
Laporan keuangan tahunan yang dimuat dalam √ Financial Statements included in Annual Report
Laporan Tahunan disusun sesuai dengan should be prepared in accordance with the
Standar Akuntansi Keuangan di Indonesia dan Financial Accounting Standards in Indonesia
telah diaudit oleh Akuntan. Laporan keuangan and audited by an Accountant. The said financial
dimaksud memuat pernyataan mengenai statement should be included with statement of
pertanggungjawaban atas laporan keuangan responsibility for financial report as stipulated
sebagaimana diatur dalam peraturan perundang- in the legislations in the Capital Markets sector
undangan di sektor Pasar Modal yang mengatur governing the responsibility of the Board of
mengenai tanggung jawab Direksi atas laporan Directors on the financial report or the legislations
keuangan atau peraturan perundang-undangan in the Capital Markets sector governing the
di sektor Pasar Modal yang mengatur mengenai periodic reports of securities company in the event
laporan berkala Perusahaan Efek dalam hal the Issuer is a Securities Company; and
Emiten merupakan Perusahaan Efek; dan
j Surat Pernyataan Anggota Direksi dan Anggota 262-263 j Letter of Statement of the Board of Directors
Dewan Komisaris tentang Tanggung Jawab atas and the Board of Commissioners regarding the
Laporan Tahunan Responsibility for Annual Reporting
Surat pernyataan anggota Direksi dan anggota √ Letter of statement of the Board of Directors
Dewan Komisaris tentang tanggung jawab atas and the Board of Commissioners regarding
Laporan Tahunan disusun sesuai dengan format the responsibility for Annual Reporting should
Surat Pernyataan Anggota Direksi dan Anggota be prepared according to the format of letter
Dewan Komisaris tentang Tanggung Jawab of statement of member of Board of Directors
atas Laporan Tahunan sebagaimana tercantum and the Board of Commissioners regarding the
dalam Lampiran yang merupakan bagian tidak responsibility for Annual Reporting as attached
terpisahkan dari Surat Edaran Otoritas Jasa in the Attachment, which is an integral part of
Keuangan ini. this Circulation Letter of the Financial Services
Authority.
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PERNYATAAN TANGGUNG JAWAB
LAPORAN TAHUNAN 2025
OLEH DEWAN KOMISARIS
Statement of Accountability of 2025 Annual Report
by the Board of Commissioners
Kami yang bertanda tangan di bawah ini menyatakan bahwa We, the signatories, hereby stated that all information contained in the
semua informasi dalam Laporan Tahunan PT Trimegah Bangun 2025 Annual Report of PT Trimegah Bangun Persada Tbk (the Company)
Persada Tbk (Perseroan) tahun 2025 telah dimuat secara lengkap dan has been comprehensively presented and that we are fully accountable
kami bertanggung jawab penuh atas kebenaran isi Laporan Tahunan for the accuracy of the contents of the Company’s Annual Report.
Perseroan.
Demikian pernyataan ini dibuat dengan sebenarnya. This statement is made truthfully.
Jakarta, Mei | May 2026
DEWAN KOMISARIS
Board of Commissioners
PT Trimegah Bangun Persada Tbk
Donald J. Hermanus
Komisaris Utama
President Commissioner
Darjoto Setyawan Suryadi Sasmita
Komisaris Independen Komisaris Independen
Independent Commissioner Independent Commissioner
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PERNYATAAN TANGGUNG JAWAB
LAPORAN TAHUNAN 2025 OLEH DIREKSI
Statement of Accountability of 2025 Annual Report
by the Board of Directors
Kami yang bertanda tangan di bawah ini menyatakan bahwa We, the signatories, hereby stated that all information contained in the
semua informasi dalam Laporan Tahunan PT Trimegah Bangun 2025 Annual Report of PT Trimegah Bangun Persada Tbk (the Company)
Persada Tbk (Perseroan) tahun 2025 telah dimuat secara lengkap dan has been comprehensively presented and that we are fully accountable
kami bertanggung jawab penuh atas kebenaran isi Laporan Tahunan for the accuracy of the contents of the Company’s Annual Report.
Perseroan.
Demikian pernyataan ini dibuat dengan sebenarnya. This statement is made truthfully.
Jakarta, Mei | May 2026
DIREKSI
Board of Directors
PT Trimegah Bangun Persada Tbk
Roy Arman Arfandy
Direktur Utama
President Director
Suparsin Darmo Liwan Younsel Evand Roos
Direktur Direktur
Director Director
Lim Sian Choo Tonny H. Gultom
Direktur Direktur
Director Director
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LAPORAN
KEUANGAN
Financial Statements
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PT Trimegah Bangun Persada Tbk. dan ent it as anaknya/ and it s subsidiaries Laporan keuangan konsolidasian tanggal 31 Desember 2025 dan untuk tahun yang berakhir pada tanggal tersebut beserta laporan auditor independen/ Consolidated financial statements as of December 31, 2025 and for the year then ended with independent auditor’s report
Page 269
Page 270
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN KEUANGAN KONSOLIDASIAN CONSOLIDATED FINANCIAL STATEMENTS
TANGGAL 31 DESEMBER 2025 AS OF DECEMBER 31, 2025
DAN UNTUK TAHUN YANG BERAKHIR PADA AND FOR THE YEAR
TANGGAL TERSEBUT THEN ENDED
BESERTA LAPORAN AUDITOR INDEPENDEN WITH INDEPENDENT AUDITOR’S REPORT
INFORMASI KEUANGAN
Daftar Isi Table of Contents
Halaman/
Page
Laporan Auditor Independen Independent Auditor’s Report
Laporan Posisi Keuangan Konsolidasian......................... 1-3 ................... Consolidated Statement of Financial Position
Laporan Laba Rugi dan Penghasilan Komprehensif ........ Consolidated Statement of Profit or Loss
Lain Konsolidasian ........................................................... 4-5 ………………………….and Other Comprehensive Income
Laporan Perubahan Ekuitas Konsolidasian ..................... 6 . ................. Consolidated Statement of Changes in Equity
Laporan Arus
Kas Konsolidasian ........................................................... 7-8 . ........................... Consolidated Statement of Cash Flows
Catatan atas Laporan Keuangan Konsolidasian .............. 9-134 ...............Notes to the Consolidated Financial Statements
************************
Page 271
The original report included herein
is in the Indonesian language.
Laporan Audit or Independen Independent Audit or’s Report
Laporan No. 01434/ 2.1505/ AU.1/ 02/ 1833- Report No. 01434/ 2.1505/ AU.1/ 02/ 1833-
4/ 1/ V/ 2026 4/ 1/ V/ 2026
Pemegang Saham, Dewan Komisaris, dan The Shareholders and t he Boards of
Direksi Commissioners and Direct ors
PT Trimegah Bangun Persada Tbk. PT Trimegah Bangun Persada Tbk.
Opini Opinion
Kami telah mengaudit laporan keuangan We have audited the accompanying consolidated
konsolidasian PT Trimegah Bangun Persada Tbk. financial statement s of PT Trimegah Bangun
(“ Perusahaan” ) dan entitas anaknya (secara Persada Tbk. (the “ Company” ) and its subsidiaries
kolektif disebut sebagai “ Grup” ) terlampir, yang (collectively referred to as the “ Group” ), which
terdiri dari laporan posisi keuangan konsolidasian comprise the consolidated statement of financial
tanggal 31 Desember 2025, serta laporan laba position as of December 31, 2025, and the
rugi dan penghasilan komprehensif lain consolidated statement of profit or loss and other
konsolidasian, laporan perubahan ekuitas comprehensive income, consolidated statement of
konsolidasian, dan laporan arus kas konsolidasian changes in equity, and consolidated statement of
untuk tahun yang berakhir pada tanggal tersebut, cash flows for the year then ended, and notes to the
serta catatan atas laporan keuangan consolidated financial statements, including
konsolidasian, termasuk informasi kebijakan material accounting policy information.
akuntansi material.
Menurut opini kami, laporan keuangan In our opinion, the accompanying consolidated
konsolidasian terlampir menyajikan secara wajar, financial statement s present fairly, in all material
dalam semua hal yang material, posisi keuangan respects, the consolidated financial position
konsolidasian Grup tanggal 31 Desember 2025, of the Group as of December 31, 2025, and its
serta kinerja keuangan dan arus kas consolidated financial performance and cash flows
konsolidasiannya untuk tahun yang berakhir pada for the year then ended, in accordance with
tanggal tersebut, sesuai dengan Standar Indonesian Financial Accounting Standards.
Akuntansi Keuangan di Indonesia.
Basis opini Basis for opinion
Kami melaksanakan audit kami berdasarkan We conducted our audit in accordance with
Standar Audit yang ditetapkan oleh Institut Standards on Auditing established by the
Akuntan Publik Indonesia (“ IAPI” ). Tanggung Indonesian Institute of Certified Public Accountants
jawab kami menurut standar tersebut diuraikan (“ IICPA” ). Our responsibilities under those
lebih lanjut dalam paragraf Tanggung Jawab standards are further described in the Auditor’s
Auditor terhadap Audit atas Laporan Keuangan Responsibilit ies for the Audit of the Consolidated
Konsolidasian pada laporan kami. Kami Financial St atements paragraph of our report.
independen terhadap Grup berdasarkan We are independent of the Group in accordance
ketentuan etika yang relevan dalam audit kami with the ethical requirements relevant to our audit
atas laporan keuangan konsolidasian di Indonesia, of the consolidated financial statements in
dan kami telah memenuhi tanggung jawab etika Indonesia, and we have fulfilled our other
lainnya berdasarkan ketentuan tersebut. Kami ethical responsibilities in accordance with such
yakin bahwa bukti audit yang telah kami peroleh requirements. We believe that the audit evidence
adalah cukup dan tepat untuk menyediakan suatu we have obt ained is sufficient and appropriate to
basis bagi opini kami. provide a basis for our opinion.
KAP Purwanto Susanti dan Surja
Registered Public Accountants KMK No. 69/ MK/ SK/ 2025
i
A member firm of Ernst & Young Global Limited
Page 272
The original report included herein
is in the Indonesian language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 01434/ 2.1505/ AU.1/ 02/ 1833- Report No. 01434/ 2.1505/ AU.1/ 02/ 1833-
4/ 1/ V/ 2026 (lanjutan) 4/ 1/ V/ 2026 (continued)
Hal audit ut ama Key audit mat t ers
Hal audit utama adalah hal-hal yang, menurut Key audit matters are those matters that, in our
pertimbangan profesional kami, merupakan hal professional judgment, were of most significance in
yang paling signifikan dalam audit kami atas our audit of the consolidated financial statements
laporan keuangan konsolidasian periode kini. Hal of t he current period. Such key audit mat t ers were
audit utama tersebut disampaikan dalam konteks addressed in the context of our audit of the
audit kami atas laporan keuangan konsolidasian consolidated financial statements taken as a whole,
secara keseluruhan, dan dalam merumuskan opini and in forming our audit opinion thereon, and we
kami atas laporan keuangan konsolidasian terkait, do not provide a separate opinion on such key audit
dan kami tidak menyatakan suatu opini terpisah matters. For the key audit matter below, our
atas hal audit utama tersebut. Untuk hal audit description of how our audit addressed such key
utama di bawah ini, penjelasan kami tentang audit matter is provided in such context.
bagaimana audit kami merespons hal tersebut
disampaikan dalam konteks tersebut.
Kami telah memenuhi tanggung jawab yang We have fulfilled the responsibilities described in
diuraikan dalam paragraf Tanggung Jawab the Auditor’s Responsibilit ies for the Audit of the
Auditor terhadap Audit atas Laporan Keuangan Consolidated Financial Statements section of our
Konsolidasian pada laporan kami, termasuk report, including in relation to the key audit matter
sehubungan dengan hal audit utama yang communicated below. Accordingly, our audit
dikomunikasikan dibawah ini. Oleh karena itu, included the performance of procedures designed
audit kami mencakup pelaksanaan prosedur yang to respond to our assessment of the risks of
didesain untuk merespons penilaian kami atas material misstatement of the accompanying
risiko kesalahan penyajian material dalam laporan consolidated financial statements. The results of
keuangan konsolidasian terlampir. Hasil prosedur our audit procedures, including the procedures
audit kami, termasuk prosedur yang dilakukan performed to address the key audit matter below,
untuk merespons hal audit utama di bawah ini, provide the basis for our opinion on the
menyediakan basis bagi opini kami atas laporan accompanying consolidated financial statements.
keuangan konsolidasian terlampir.
ii
A member firm of Ernst & Young Global Limited
Page 273
The original report included herein
is in the Indonesian language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 01434/ 2.1505/ AU.1/ 02/ 1833- Report No. 01434/ 2.1505/ AU.1/ 02/ 1833-
4/ 1/ V/ 2026 (lanjutan) 4/ 1/ V/ 2026 (continued)
Hal audit ut ama (lanjut an) Key audit mat t ers (cont inued)
Pengakuan pendapat an Revenue recognit ion
Penjelasan atas hal audit utama: Description of the key audit matter:
Pendapatan konsolidasian Grup untuk tahun yang The Group’s consolidated revenue for the year
berakhir pada tanggal 31 Desember 2025 sebesar ended December 31, 2025 amounting to Rp29.6
Rp29,6 triliun, terutama merupakan penjualan trillion, primarily arising from the sale of products
produk hasil pengolahan nikel. Hal ini merupakan from nickel processing. It is an important measure
ukuran penting yang digunakan untuk used to evaluate the performance of the Group
mengevaluasi kinerja Grup dan merupakan and is the main driver of profitability. Revenue is
pendorong utama profitabilitas. Pendapatan recognized when control of the goods is
barang diakui pada saat kendali atas barang transferred to the customer at a point in time, at
dialihkan kepada pelanggan pada waktu tertentu, an amount that reflects the consideration to which
dengan jumlah yang mencerminkan imbalan yang the Group expects to be entitled for the exchange
diharapkan Grup dapat diperoleh atas pertukaran of those goods.
barang tersebut.
Pendapatan mungkin diakui secara tidak tepat Revenues may be inappropriat ely recognized t o
untuk meningkatkan hasil usaha dan mencapai improve business results and achieve revenue
pertumbuhan pendapatan sejalan dengan tujuan growth in line with the objectives of the Group,
Grup, sehingga meningkatkan risiko salah saji thus increasing the risk of material misstatement.
material. Karena signifikansi keuangannya, Due to its financial significance, misstatement in
kesalahan penyajian atas pendapatan dapat revenue can significantly impact the overall
berdampak signifikan pada laporan keuangan consolidated financial statements and the
konsolidasian secara keseluruhan dan keputusan decisions made by stakeholders. Accordingly,
yang dibuat oleh para pemangku kepentingan. revenue recognition is a key audit matter to us.
Oleh karena itu, pengakuan pendapatan Notes 2 and 29 to the accompanying consolidated
merupakan hal audit utama bagi kami. Catatan 2 financial statements provide the relevant
dan 29 pada laporan keuangan konsolidasian disclosures on the Group’s revenue.
terlampir menyajikan pengungkapan atas
pendapatan Grup.
iii
A member firm of Ernst & Young Global Limited
Page 274
The original report included herein
is in the Indonesian language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 01434/ 2.1505/ AU.1/ 02/ 1833- Report No. 01434/ 2.1505/ AU.1/ 02/ 1833-
4/ 1/ V/ 2026 (lanjutan) 4/ 1/ V/ 2026 (continued)
Hal audit ut ama (lanjut an) Key audit mat t ers (cont inued)
Pengakuan pendapat an (lanjut an) Revenue Recognit ion (cont inued)
Respons audit: Audit response:
Kami mengevaluasi rancangan pengendalian We evaluated the design of the key controls over
utama atas proses pendapatan. Atas dasar the revenue process. On a sample basis, we
sampel, kami melakukan pengujian atas transaksi performed test of detail on revenue transactions by
pendapatan dengan melakukan verifikasi ke verifying to the supporting documents to ensure
dokumen pendukungnya untuk memastikan the revenue had occurred, was recognized in
keterjadiannya dan bahwa pendapatan telah accordance with the applicable accounting
diakui sesuai dengan standar akuntansi yang standards, and was recorded in the appropriate
berlaku dan dicatat pada periode yang sesuai. period. We performed test of detail on revenue
Kami melakukan pengujian rinci atas transaksi transactions recorded approaching and
pendapatan yang dicatat menjelang dan tepat immediately after December 31, 2025 to ensure
setelah tanggal 31 Desember 2025 untuk these revenue were recognized in the correct
memastikan bahwa pendapatan tersebut telah period.
diakui pada periode yang tepat.
Kami juga melakukan pengujian rinci dengan We also performed test of details by identifying
menentukan akun buku besar yang digunakan which general ledger accounts are used to post
untuk mencatat entri antara pendapatan, piutang entries between revenue, trade receivables and
usaha, dan kas dan bank, serta menggunakan cash and banks and use the correlation (journal
korelasi (pencatatan entri jurnal) antara tiga akun entry postings) between three accounts to
tersebut untuk melakukan kembali (reperform) reperform the posting of journal entries. We
pencatatan entri jurnal. Kami melengkapi supplement ed this procedure with testing of the
prosedur ini dengan pengujian informasi yang information produced by the Group over cash
dihasilkan oleh Grup atas entri jurnal kas untuk journal entries to ensure they are real cash from
memastikan bahwa kas tersebut adalah kas customers. We also evaluated the appropriateness
sebenarnya yang berasal dari pelanggan. Kami and adequacy of the presentation and the relevant
juga mengevaluasi kepatutan dan kecukupan disclosures in the notes to the accompanying
penyajian dan pengungkapan yang relevan dalam consolidated financial statements.
catatan atas laporan keuangan konsolidasian
terlampir.
iv
A member firm of Ernst & Young Global Limited
Page 275
The original report included herein
is in the Indonesian language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 01434/ 2.1505/ AU.1/ 02/ 1833- Report No. 01434/ 2.1505/ AU.1/ 02/ 1833-
4/ 1/ V/ 2026 (lanjutan) 4/ 1/ V/ 2026 (continued)
Informasi lain Ot her informat ion
Manajemen bertanggung jawab atas informasi Management is responsible for t he ot her
lain. Informasi lain terdiri dari informasi yang information. Other information comprises the
tercantum dalam Laporan Tahunan 2025 information included in the 2025 Annual Report
(“ Laporan Tahunan” ) selain laporan keuangan (the “ Annual Report” ) other than the
konsolidasian terlampir dan laporan auditor accompanying consolidated financial statements
independen kami. Laporan Tahunan diharapkan and our independent auditor’s report thereon. The
akan tersedia bagi kami setelah tanggal laporan Annual Report is expected to be made available to
auditor independen ini. us after the date of this independent auditor’s
report.
Opini kami atas laporan keuangan konsolidasian Our opinion on the accompanying consolidated
terlampir tidak mencakup Laporan Tahunan, dan financial statements does not cover the Annual
oleh karena itu, kami tidak menyatakan bentuk Report, and accordingly, we do not express any
keyakinan apapun atas Laporan Tahunan form of assurance on the Annual Report.
tersebut.
Sehubungan dengan audit kami atas laporan In connection with our audit of the accompanying
keuangan konsolidasian terlampir, tanggung consolidated financial statements, our
jawab kami adalah untuk membaca Laporan responsibilit y is to read the Annual Report when it
Tahunan ketika tersedia dan, dalam becomes available and, in doing so, consider
melaksanakannya, mempertimbangkan apakah whether the Annual Report is materially
Laporan Tahunan mengandung inconsistent with the accompanying consolidated
ketidakkonsistensian material dengan laporan financial statements or our knowledge obtained in
keuangan konsolidasian terlampir atau the audit, or otherwise appears to be materially
pemahaman yang kami peroleh selama audit, misstated.
atau mengandung kesalahan penyajian material.
Ketika kami membaca Laporan Tahunan, jika When we read the Annual Report, if we conclude
kami menyimpulkan bahwa terdapat suatu that there is a material misstatement therein, we
kesalahan penyajian material di dalamnya, kami are required to communicate the matter to those
diharuskan untuk mengomunikasikan hal charged with governance and take appropriate
tersebut kepada pihak yang bertanggung jawab actions based on the applicable laws and
atas tata kelola dan melakukan tindakan yang regulations.
tepat berdasarkan peraturan perundang-
undangan yang berlaku.
v
A member firm of Ernst & Young Global Limited
Page 276
The original report included herein
is in the Indonesian language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 01434/ 2.1505/ AU.1/ 02/ 1833- Report No. 01434/ 2.1505/ AU.1/ 02/ 1833-
4/ 1/ V/ 2026 (lanjutan) 4/ 1/ V/ 2026 (continued)
Tanggung jawab manajemen dan pihak yang Responsibilit ies of management and t hose
bert anggung jawab at as t at a kelola t erhadap charged wit h governance for t he consolidat ed
laporan keuangan konsolidasian financial st at ement s
Manajemen bertanggung jawab atas penyusunan Management is responsible for the preparation and
dan penyajian wajar laporan keuangan fair presentation of the consolidated financial
konsolidasian tersebut sesuai dengan Standar statements in accordance with Indonesian Financial
Akuntansi Keuangan di Indonesia, dan atas Accounting Standards, and for such internal
pengendalian internal yang dianggap perlu oleh control as management determines is necessary to
manajemen untuk memungkinkan penyusunan enable the preparation of consolidated financial
laporan keuangan konsolidasian yang bebas dari statements that are free from material
kesalahan penyajian material, baik yang misstatement, whether due to fraud or error.
disebabkan oleh kecurangan maupun kesalahan.
Dalam penyusunan laporan keuangan In preparing the consolidated financial statements,
konsolidasian, manajemen bertanggung jawab management is responsible for assessing the
untuk menilai kemampuan Grup dalam Group’s ability to continue as a going concern,
mempertahankan kelangsungan usahanya, disclosing, as applicable, matters related to going
mengungkapkan, sesuai dengan kondisinya, hal- concern, and using the going concern basis of
hal yang berkaitan dengan kelangsungan usaha, accounting, unless management either intends to
dan menggunakan basis akuntansi kelangsungan liquidate the Group or to cease its operations or
usaha, kecuali manajemen memiliki intensi untuk has no realistic alternative but to do so.
melikuidasi Grup atau menghentikan operasi,
atau tidak memiliki alternatif yang realistis selain
melaksanakannya.
Pihak yang bertanggung jawab atas tata kelola Those charged with governance are responsible for
bertanggung jawab untuk mengawasi proses overseeing the Group’s financial reporting process.
pelaporan keuangan Grup.
vi
A member firm of Ernst & Young Global Limited
Page 277
The original report included herein
is in the Indonesian language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 01434/ 2.1505/ AU.1/ 02/ 1833- Report No. 01434/ 2.1505/ AU.1/ 02/ 1833-
4/ 1/ V/ 2026 (lanjutan) 4/ 1/ V/ 2026 (continued)
Tanggung jawab audit or t erhadap audit at as Audit or’s responsibilit ies for t he audit of t he
laporan keuangan konsolidasian consolidat ed financial st at ement s
Tujuan kami adalah untuk memeroleh keyakinan Our objectives are to obt ain reasonable assurance
memadai tentang apakah laporan keuangan about whether the consolidated financial
konsolidasian secara keseluruhan bebas dari statements taken as a whole are free from material
kesalahan penyajian material, baik yang misstatement, whether due to fraud or error, and
disebabkan oleh kecurangan maupun kesalahan, to issue an independent auditor’s report that
dan untuk menerbitkan laporan auditor includes our opinion. Reasonable assurance is a
independen yang mencakup opini kami. Keyakinan high level of assurance, but is not a guarantee that
memadai merupakan suatu tingkat keyakinan an audit conducted in accordance with Standards
tinggi, namun bukan merupakan suatu jaminan on Auditing established by the IICPA will always
bahwa audit yang dilaksanakan berdasarkan detect a material misstatement when it exists.
Standar Audit yang ditet apkan oleh IAPI akan Misstatements can arise from fraud or error and
selalu mendeteksi kesalahan penyajian material are considered material if, individually or in the
ketika hal tersebut ada. Kesalahan penyajian aggregate, they could reasonably be expected to
dapat disebabkan oleh kecurangan maupun influence the economic decisions of users t aken on
kesalahan dan dianggap material jika, baik secara the basis of these consolidated financial
individual maupun agregat, dapat diekspektasikan statements.
secara wajar akan memengaruhi keputusan
ekonomi yang diambil oleh pengguna berdasarkan
laporan keuangan konsolidasian tersebut.
Sebagai bagian dari suatu audit berdasarkan As part of an audit in accordance with Standards on
Standar Audit yang ditetapkan oleh IAPI, kami Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan professional judgment and maintain professional
mempertahankan skeptisisme profesional selama skepticism throughout the audit. We also:
audit. Kami juga:
Mengidentifikasi dan menilai risiko kesalahan Ident ify and assess the risks of material
penyajian material dalam laporan keuangan misstatement of the consolidated financial
konsolidasian, baik yang disebabkan oleh statements, whether due to fraud or error,
kecurangan maupun kesalahan, mendesain design and perform audit procedures
dan melaksanakan prosedur audit yang responsive to such risks, and obtain audit
responsif terhadap risiko tersebut, serta evidence that is sufficient and appropriate to
memeroleh bukti audit yang cukup dan tepat provide a basis for our opinion. The risk of not
untuk menyediakan basis bagi opini kami. detecting a material misstatement resulting
Risiko tidak terdeteksinya suatu kesalahan from fraud is higher than for one resulting from
penyajian material yang disebabkan oleh error, as fraud may involve collusion, forgery,
kecurangan lebih tinggi dari yang disebabkan intentional omissions, misrepresentations, or
oleh kesalahan, karena kecurangan dapat override of internal control.
melibatkan kolusi, pemalsuan, penghilangan
secara sengaja, pernyataan salah, atau
pengabaian atas pengendalian internal.
vii
A member firm of Ernst & Young Global Limited
Page 278
The original report included herein
is in the Indonesian language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 01434/ 2.1505/ AU.1/ 02/ 1833- Report No. 01434/ 2.1505/ AU.1/ 02/ 1833-
4/ 1/ V/ 2026 (lanjutan) 4/ 1/ V/ 2026 (continued)
Tanggung jawab audit or t erhadap audit at as Audit or’s responsibilit ies for t he audit of t he
laporan keuangan konsolidasian (lanjut an) consolidat ed financial st at ement s (cont inued)
Sebagai bagian dari suatu audit berdasarkan As part of an audit in accordance with Standards on
Standar Audit yang ditetapkan oleh IAPI, kami Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan professional judgment and maintain professional
mempertahankan skeptisisme profesional selama skepticism throughout the audit. We also:
audit. Kami juga: (lanjutan) (continued)
Memeroleh suatu pemahaman tentang Obtain an understanding of internal control
pengendalian internal yang relevan dengan relevant to the audit in order to design audit
audit untuk mendesain prosedur audit yang procedures that are appropriate in the
tepat sesuai dengan kondisinya, tetapi bukan circumstances, but not for the purpose of
untuk tujuan menyatakan opini atas expressing an opinion on the effectiveness of
keefektivitasan pengendalian internal Grup. the Group’s internal control.
Mengevaluasi ketepatan kebijakan akuntansi Evaluate the appropriateness of accounting
yang digunakan serta kewajaran estimasi policies used and the reasonableness of
akuntansi dan pengungkapan terkait yang accounting estimates and related disclosures
dibuat oleh manajemen. made by management.
Menyimpulkan ketepatan penggunaan basis Conclude on the appropriateness of
akuntansi kelangsungan usaha oleh management's use of the going concern basis
manajemen dan, berdasarkan bukti audit of accounting and, based on the audit evidence
yang diperoleh, apakah terdapat suatu obtained, whether a material uncertainty
ketidakpastian material yang terkait dengan exists related to events or conditions that may
peristiwa atau kondisi yang dapat cast significant doubt on the Group's ability to
menyebabkan keraguan signifikan atas continue as a going concern. If we conclude
kemampuan Grup untuk mempertahankan that a material uncertainty exists, we are
kelangsungan usahanya. Ketika kami required to draw attention in our independent
menyimpulkan bahwa terdapat suatu auditor’s report to the related disclosures in
ketidakpastian material, kami diharuskan the consolidated financial statements or, if
untuk menarik perhatian dalam laporan such disclosures are inadequate, to modify our
auditor independen kami ke pengungkapan opinion. Our conclusion is based on the audit
terkait dalam laporan keuangan evidence obtained up to the date of our
konsolidasian atau, jika pengungkapan independent auditor’s report. However, future
tersebut tidak memadai, memodifikasi opini events or conditions may cause the Group to
kami. Kesimpulan kami didasarkan pada cease to continue as a going concern.
bukti audit yang diperoleh hingga tanggal
laporan auditor independen kami. Namun,
peristiwa atau kondisi masa depan dapat
menyebabkan Grup tidak dapat
mempertahankan kelangsungan usaha.
viii
A member firm of Ernst & Young Global Limited
Page 279
The original report included herein
is in the Indonesian language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 01434/ 2.1505/ AU.1/ 02/ 1833- Report No. 01434/ 2.1505/ AU.1/ 02/ 1833-
4/ 1/ V/ 2026 (lanjutan) 4/ 1/ V/ 2026 (continued)
Tanggung jawab audit or t erhadap audit at as Audit or’s responsibilit ies for t he audit of t he
laporan keuangan konsolidasian (lanjut an) consolidat ed financial st at ement s (cont inued)
Sebagai bagian dari suatu audit berdasarkan As part of an audit in accordance with St andards on
Standar Audit yang ditetapkan oleh IAPI, kami Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan professional judgment and maintain professional
mempertahankan skeptisisme profesional skepticism throughout the audit. We also:
selama audit. Kami juga: (lanjutan) (continued)
Mengevaluasi penyajian, struktur, dan isi Evaluate the overall presentation, structure,
laporan keuangan konsolidasian secara and content of the consolidated financial
keseluruhan, termasuk pengungkapannya, statements, including the disclosures, and
dan apakah laporan keuangan konsolidasian whether the consolidated financial statements
mencerminkan transaksi dan peristiwa yang represent the underlying transactions and
mendasarinya dengan suatu cara yang events in a manner that achieves fair
mencapai penyajian wajar. present ation.
Memeroleh bukt i audit yang cukup dan tepat Obtain sufficient appropriate audit evidence
terkait informasi keuangan entitas atau regarding the financial information of the
aktivitas bisnis dalam Grup untuk entities or business activities within the Group
menyatakan opini atas laporan keuangan to express an opinion on the consolidated
konsolidasian. Kami bertanggung jawab atas financial statements. We are responsible for the
arahan, supervisi, dan pelaksanaan audit direction, supervision, and performance of the
grup. Kami tetap bertanggung jawab group audit. We remain solely responsible for
sepenuhnya atas opini audit kami. our audit opinion.
Kami mengomunikasikan kepada pihak yang We communicate with those charged with
bertanggung jawab atas tata kelola mengenai, governance regarding, among other matters, the
antara lain, ruang lingkup dan saat yang planned scope and timing of the audit and significant
direncanakan atas audit serta temuan audit audit findings, including any significant deficiencies
signifikan, termasuk setiap defisiensi signifikan in internal control that we identify during our audit.
dalam pengendalian internal yang teridentifikasi
oleh kami selama audit.
Kami juga memberikan suatu pernyataan kepada We also provide those charged with governance with
pihak yang bertanggung jawab atas tata kelola a statement that we have complied with relevant
bahwa kami telah mematuhi ketentuan etika ethical requirements regarding independence, and
yang relevan mengenai independensi, dan to communicate with them all relationships and
mengomunikasikan kepada pihak tersebut other matters that may reasonably be thought to
seluruh hubungan, serta hal-hal lain yang bear on our independence, and where applicable,
dianggap secara wajar berpengaruh terhadap related safeguards.
independensi kami, dan, jika relevan,
pengamanan terkait.
ix
A member firm of Ernst & Young Global Limited
Page 280
A member firm of Ernst & Young Global Limited
Page 281
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENT
KONSOLIDASIAN OF FINANCIAL POSITION
Tanggal 31 Desember 2025 As of December 31, 2025
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
Catatan/
2025 Notes 2024
Aset Assets
Aset Lancar Current Assets
Kas dan bank 6.016.371 4 6.486.402 Cash on hand and in banks
Piutang usaha 5 Trade receivables
Pihak ketiga 1.141.177 1.037.645 Third parties
Pihak berelasi 796.704 35 503.839 Related parties
Piutang lain-lain 6 Other receivables
Pihak berelasi 19.436 35 14.290 Related parties
Pihak ketiga 13.914 18.350 Third parties
Persediaan 5.875.813 7 5.158.144 Inventories
Pajak dibayar di muka 81.218 25 73.672 Prepaid taxes
Biaya dibayar di muka 19.399 8 41.107 Prepaid expenses
Uang muka 195.458 8 131.114 Advances
Total Aset Lancar 14.159.490 13.464.563 Total Current Assets
Aset Tidak Lancar Non-current Assets
Taksiran tagihan pajak 72.936 25 - Estimated claims for tax refund
Investasi pada entitas asosiasi 23.679.002 10 15.520.930 Investment in associates
Investasi pada instrumen utang 751.901 11 - Investment in debt instruments
Aset pajak tangguhan 176.666 25 259.804 Deferred tax assets
Aset tetap 22.548.957 12 22.533.144 Fixed assets
Aset hak-guna 588 13 16.494 Right of use assets
Properti pertambangan 216.692 14 217.559 Mining properties
Aset eksplorasi dan evaluasi 42.195 15 27.288 Exploration and evaluation assets
Aset tidak lancar lainnya 121.676 16 214.056 Other non-current assets
Total Aset Tidak Lancar 47.610.613 38.789.275 Total Non-current Assets
Total Aset 61.770.103 52.253.838 Total Assets
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang The accompanying notes to the consolidated financial statements form an integral
tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. part of these consolidated financial statements.
1
www.tbpnickel.com PT Trimegah Bangun Persada Tbk | Laporan Tahunan 2025 Annual Report 279
Page 282
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENT
KONSOLIDASIAN (lanjutan) OF FINANCIAL POSITION (continued)
Tanggal 31 Desember 2025 As of December 31, 2025
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
Catatan/
2025 Notes 2024
Liabilitas dan Ekuitas Liabilities and Equity
Liabilitas Liabilities
Liabilitas Jangka Pendek Current Liabilities
Utang usaha 17 Trade payables
Pihak ketiga 1.532.411 1.028.896 Third parties
Pihak berelasi 276.037 35 216.896 Related parties
Utang lain-lain 18 Other payables
Pihak ketiga 2.117.582 2.282.127 Third parties
Pihak berelasi 8.140 35 7.032 Related parties
Utang pajak 340.649 25 367.621 Taxes payable
Beban akrual 246.563 23 105.034 Accrued expenses
Liabilitas imbalan Short-term employee
kerja jangka pendek 252.152 23 158.269 benefits liability
Bagian lancar atas: Current maturities of:
Utang bank jangka panjang 1.866.830 22 1.671.994 Long-term bank loans
Liabilitas sewa - pihak ketiga - 21 6.897 Lease liabilities - third parties
Provisi untuk kewajiban
restorasi lingkungan 16.654 20 8.800 Provision for environmental
Total Liabilitas Jangka Pendek 6.657.018 5.853.566 Total Current Liabilities
Liabilitas Jangka Panjang Non-current Liabilities
Utang bank jangka panjang 7.513.660 22 9.130.190 Long-term bank loans
Liabilitas sewa - pihak ketiga - 21 7.807 Lease liabilities - third parties
Liabilitas pajak tangguhan 455.684 25 461.987 Deferred tax liabilities
Provisi untuk kewajiban
restorasi lingkungan 107.755 20 126.350 Provision for environmental
Liabilitas imbalan kerja Long-term employee
jangka panjang 280.121 24 219.884 benefits liability
Total Liabilitas Jangka Panjang 8.357.220 9.946.218 Total Non-current Liabilities
Total Liabilitas 15.014.238 15.799.784 Total Liabilities
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang The accompanying notes to the consolidated financial statements form an integral
tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. part of these consolidated financial statements.
2
280 PT Trimegah Bangun Persada Tbk | Laporan Tahunan 2025 Annual Report www.tbpnickel.com
Page 283
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENT
KONSOLIDASIAN (lanjutan) OF FINANCIAL POSITION (continued)
Tanggal 31 Desember 2025 As of December 31, 2025
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
Catatan/
2025 Notes 2024
Ekuitas Equity
Ekuitas yang Dapat Diatribusikan Equity Attributable to the
kepada Pemilik Entitas Induk Owners of the Parent Entity
Modal saham - nilai nominal Share capital - Rp100 (full amount)
Rp100 (angka penuh) per saham par value per share
Modal dasar - Authorized capital -
220.404.000.000 saham 220,404,000,000 shares
Modal ditempatkan dan Issued and fully paid
disetor penuh - share capital -
63.098.600.000 saham 6.309.860 26 6.309.860 63,098,600,000 shares
Tambahan modal disetor 10.367.571 27 10.367.571 Additional paid-in capital
Saham treasuri (75.741) 26 - Treasury shares
Selisih dari transaksi dengan Difference arising from transaction
kepentingan nonpengendali 292.081 292.081 with non-controlling interests
Saldo laba Retained earnings
Telah ditentukan penggunaannya 32.020 26 20.020 Appropriated
Belum ditentukan penggunaannya 19.093.482 12.053.920 Unappropriated
Penghasilan komprehensif lain 2.630.280 1.442.811 Other comprehensive income
Sub-total 38.649.553 30.486.263 Sub-total
Kepentingan nonpengendali 8.106.312 28 5.967.791 Non-controlling interests
Total Ekuitas 46.755.865 36.454.054 Total Equity
Total Liabilitas dan Ekuitas 61.770.103 52.253.838 Total Liabilities and Equity
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang The accompanying notes to the consolidated financial statements form an integral
tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. part of these consolidated financial statements.
3
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Page 284
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN LABA RUGI CONSOLIDATED STATEMENT
DAN PENGHASILAN OF PROFIT OR LOSS
KOMPREHENSIF LAIN KONSOLIDASIAN AND OTHER COMPREHENSIVE INCOME
Untuk Tahun yang Berakhir For the Year Ended
pada Tanggal 31 Desember 2025 December 31, 2025
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
Catatan/
2025 Notes 2024
Pendapatan dari kontrak Revenue from contracts
dengan pelanggan 29.632.799 29,35 26.965.262 with customers
7,12,14
Beban pokok penjualan (19.941.401) 20,30,35 (18.517.976) Cost of goods sold
Laba bruto 9.691.398 8.447.286 Gross profit
Beban penjualan, Selling, general and
umum dan administrasi (1.265.663) 12,13,31,35 (1.589.876) administrative expenses
Penghasilan operasi lain 65.893 12,32,35 312.346 Other operating income
Beban operasi lain (107.021) 11,12,32 (3.375) Other operating expenses
Laba usaha 8.384.607 7.166.381 Operating profit
Penghasilan keuangan 260.235 33 246.415 Finance income
Beban keuangan (580.677) 21,22,34 (754.871) Finance costs
Bagian atas laba entitas asosiasi 4.090.748 10,25 2.012.894 Share in profit of associates
Laba sebelum pajak penghasilan 12.154.913 8.670.819 Profit before income tax
Beban pajak penghasilan (1.184.576) 25 (958.451) Income tax expense
Laba tahun berjalan 10.970.337 7.712.368 Profit for the year
Penghasilan komprehensif lain Other comprehensive income
Pos yang akan direklasifikasi Item that will be reclassified
ke laba rugi: to profit or loss:
Selisih kurs dari penjabaran Exchange difference from financial
laporan keuangan 475.564 469.719 statements translations
Bagian penghasilan komprehensif lain Share of other comprehensive
dari entitas asosiasi income of associates
- selisih kurs dari - exchange difference from
penjabaran laporan keuangan 964.440 10 538.755 financial statements translations
Pos yang tidak akan direklasifikasi Item that will not be reclassified
ke laba rugi: to profit or loss:
Pengukuran kembali atas Remeasurement of
program imbalan pasti 18.697 24 21.022 defined benefit plan
Pajak penghasilan terkait (4.113) 25 (4.625) Related income tax
Bagian penghasilan komprehensif Share of other comprehensive
lain dari entitas asosiasi - income of associates -
pengukuran kembali atas remeasurement of
program imbalan pasti 3.274 10 869 defined benefit plan
Perubahan nilai aset keuangan Changes in value of financial
pada nilai wajar melalui assets at fair value through
penghasilan komprehensif lain - 9 1.513.370 other comprehensive income
Penghasilan komprehensif lain Other comprehensive income
tahun berjalan setelah pajak 1.457.862 2.539.110 for the year, net of tax
Total penghasilan komprehensif Total comprehensive income
tahun berjalan 12.428.199 10.251.478 for the year
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang The accompanying notes to the consolidated financial statements form an integral
tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. part of these consolidated financial statements.
4
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Page 285
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN LABA RUGI CONSOLIDATED STATEMENT
DAN PENGHASILAN OF PROFIT OR LOSS
KOMPREHENSIF LAIN KONSOLIDASIAN AND OTHER COMPREHENSIVE INCOME
(lanjutan) (continued)
Untuk Tahun yang Berakhir For the Year Ended
pada Tanggal 31 Desember 2025 December 31, 2025
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
Catatan/
2025 Notes 2024
Laba tahun berjalan yang Profit for the year
dapat diatribusikan kepada: attributable to:
Pemilik entitas induk 8.951.516 36 6.379.504 Owners of the parent
Kepentingan nonpengendali 2.018.821 1.332.864 Non-controlling interests
Total 10.970.337 7.712.368 Total
Total penghasilan komprehensif Total comprehensive income
tahun berjalan yang dapat for the year
diatribusikan kepada: attributable to:
Pemilik entitas induk 10.152.930 8.674.712 Owners of the parent
Kepentingan nonpengendali 2.275.269 28 1.576.766 Non-controlling interests
Total 12.428.199 10.251.478 Total
Laba per saham dasar yang dapat Basic earnings per share
diatribusikan kepada pemilik attributable to the owners of
entitas induk (angka penuh) 142,02 36 101,10 the parent (full amount)
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang The accompanying notes to the consolidated financial statements form an integral
tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. part of these consolidated financial statements.
5
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284
The original consolidated financial statements included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
Untuk Tahun yang Berakhir pada Tanggal 31 Desember 2025 For the Year Ended December 31, 2025
(Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain) (Expressed in Millions of Rupiah, Unless Otherwise Stated)
Ekuitas yang Dapat Diatribusikan kepada Pemilik Entitas Induk/Equity Attributable to the Owners of the Parent
Penghasilan Komprehensif Lain/
Other Comprehensive Income
Perubahan
Nilai Aset Keuangan
pada Nilai Wajar Selisih Kurs
Selisih dari melalui Penghasilan dari
Transaksi dengan Komprehensif Lain/ Penjabaran
Kepentingan Changes in Laporan
Modal Saham Nonpengendali/ Saldo Laba/ Value of Keuangan/
Ditempatkan Difference Retained Earnings Financial Assets Exchange
dan Disetor Penuh/ Arising from at Fair Value Difference from Kepentingan
Share Capital Tambahan Modal Saham Treasuri/ Transactions with Telah Ditentukan Belum Ditentukan through Other Financial Nonpengendali/
Catatan/ Issued and Disetor/Additional Treasury Non-controlling Penggunaannya/ Penggunaannya/ Comprehensive Statements Sub-total/ Non-controlling Total Ekuitas/
Notes Fully Paid Paid-in Capital Shares Interests Appropriated Unappropriated Income Translations Sub-total Interests Total Equity
Saldo per 1 Januari 2024 6.309.860 10.367.590 - 292.081 10.020 5.828.350 14.578 674.833 23.497.312 4.894.651 28.391.963 Balance at January 1, 2024
Dividen 26,28 - - - - - (1.685.742) - - (1.685.742) (503.626) (2.189.368) Dividend
Laba tahun berjalan - - - - - 6.379.504 - - 6.379.504 1.332.864 7.712.368 Profit for the year
Penghasilan komprehensif lainnya - - - - - 13.860 1.513.370 767.978 2.295.208 243.902 2.539.110 Other comprehensive income
Pembentukan cadangan umum yang Appropriation of retained earnings
telah ditentukan penggunaannya 26 - - - - 10.000 (10.000) - - - - - for general reserves
Selisih dari transaksi Difference arising from transactions with
dengan entitas sepengendali 27 - (19) - - - - - - (19) - (19) entities under common control
Reklasifikasi atas laba investasi pada Reclassification of gain on investment at
nilai wajar melalui penghasilan fair value through other comprehensive
komprehensif lain ke saldo laba - - - - - 1.527.948 (1.527.948) - - - - income to retained earnings
Saldo per 31 Desember 2024 6.309.860 10.367.571 - 292.081 20.020 12.053.920 - 1.442.811 30.486.263 5.967.791 36.454.054 Balance at December 31, 2024
PT Trimegah Bangun Persada Tbk | Laporan Tahunan 2025 Annual Report
Dividen 26,28 - - - - - (1.913.899) - - (1.913.899) (136.748) (2.050.647) Dividend
Laba tahun berjalan - - - - - 8.951.516 - - 8.951.516 2.018.821 10.970.337 Profit for the year
Penghasilan komprehensif lainnya - - - - - 13.945 - 1.187.469 1.201.414 256.448 1.457.862 Other comprehensive income
Saham treasuri 26 - - (75.741) - - - - - (75.741) - (75.741) Treasury shares
Pembentukan cadangan umum yang Appropriation of retained earnings
telah ditentukan penggunaannya 26 - - - - 12.000 (12.000) - - - - - for general reserves
Saldo per 31 Desember 2025 6.309.860 10.367.571 (75.741) 292.081 32.020 19.093.482 - 2.630.280 38.649.553 8.106.312 46.755.865 Balance at December 31, 2025
www.tbpnickel.com
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang The accompanying notes to the consolidated financial statements form an integral
tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. part of these consolidated financial statements.
6
Page 287
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED
Untuk Tahun yang Berakhir STATEMENT OF CASH FLOWS
pada Tanggal 31 Desember 2025 For the Year Ended December 31, 2025
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
Catatan/
2025 Notes 2024
Arus Kas dari Cash Flows from
Aktivitas Operasi Operating Activities
Penerimaan dari pelanggan 29.269.246 26.081.933 Receipts from customers
Pembayaran kepada pemasok (15.189.124) (15.697.883) Payments to suppliers
Pembayaran kepada karyawan (2.729.959) (2.665.320) Payments to employees
Pembayaran beban operasi (567.973) (667.894) Payments for operating expenses
Kas diperoleh dari operasi 10.782.190 7.050.836 Cash provided by operations
Penerimaan dari (pembayaran untuk): Receipts from (payments for):
Penghasilan bunga 254.700 246.415 Interest income
Restitusi pajak lainnya 175.050 190.068 Other tax refund
Penghasilan operasi lainnya 58.834 204.557 Other operating income
Pajak penghasilan (1.223.983) (1.141.653) Income taxes
Royalti kepada pemerintah (1.445.706) (841.841) Royalty to the government
Kas Neto yang Diperoleh dari Net Cash Provided by
Aktivitas Operasi 8.601.085 5.708.382 Operating Activities
Arus Kas dari Cash Flows from
Aktivitas Investasi Investing Activities
Penambahan investasi pada Additions of
entitas asosiasi (5.084.547) (2.310.824) investment in associates
Penempatan investasi pada Placement of investment
instrumen utang (750.000) 11 - in debt instruments
Perolehan aset tetap dan Acquisitions of fixed assets and
uang muka pembelian advance payment for
aset tetap (577.675) (520.116) purchases of fixed assets
Pembayaran utang terkait Payment for payables related to
perolehan aset tetap (331.318) (657.104) acquisition of fixed assets
Penambahan aset eksplorasi Additions of exploration
dan evaluasi (19.106) (21.614) evaluation assets
Penambahan properti pertambangan (11.315) (106.514) Additions of mining properties
Penerimaan dividen dari Dividend received from
entitas asosiasi 1.980.228 10 1.437.698 associate
Hasil penjualan aset tetap 2.388 12 1.863 Proceeds from sale of fixed assets
Penambahan investasi pada saham - 9 (179.240) Additions of investment in shares
Pengurangan setoran Deductions of advance for stock
uang muka atas investasi subscription of
pada entitas asosiasi - 10 82.642 investment in associates
Akuisisi entitas anak, Acquisition of a subsidiary,
setelah dikurangi kas yang diterima - 1.672 net of cash acquired
Kas Neto yang Digunakan untuk Net Cash Used in
Aktivitas Investasi (4.791.345) (2.271.537) Investing Activities
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang The accompanying notes to the consolidated financial statements form an integral
tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. part of these consolidated financial statements.
7
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Page 288
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED
(lanjutan) STATEMENT OF CASH FLOWS
Untuk Tahun yang Berakhir (continued)
pada Tanggal 31 Desember 2025 For the Year Ended December 31, 2025
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
Catatan/
2025 Notes 2024
Arus Kas dari Cash Flows from
Aktivitas Pendanaan Financing Activities
Perolehan dari: Proceeds from:
Utang bank jangka pendek 491.730 1.584.700 Short-term bank loans
Utang bank jangka panjang - 11.123.500 Long-term bank loans
Kas yang dibatasi penggunaannya - 847.713 Restricted cash
Pembayaran untuk: Payments for:
Dividen kas (1.913.899) 26 (1.685.742) Cash dividend
Utang bank jangka panjang (1.715.625) (8.816.041) Long-term bank loans
Beban keuangan (649.779) (932.095) Finance costs
Utang bank jangka pendek (499.380) (2.028.923) Short-term bank loans
Dividen kas oleh entitas anak (136.748) 28 (503.626) Cash dividend by subsidiaries
Pembelian saham treasuri (75.741) 26 - Purchase of treasury shares
Liabilitas sewa - pihak ketiga (4.795) 21 (11.780) Lease liabilities - third parties
Utang kepada pihak ketiga - 19 (664.606) Due to a third party
Kas Neto yang
Digunakan untuk Net Cash Used in
Aktivitas Pendanaan (4.504.237) (1.086.900) Financing Activities
Kenaikan/(Penurunan) Neto Net Increase/(Decrease) in
Kas dan Bank (694.497) 2.349.945 Cash on Hand and in Banks
Dampak Neto Perubahan Net Effect of Changes
Nilai Tukar atas in Exchange Rates on
Kas dan Bank 224.466 201.734 Cash on Hand and in Banks
Kas dan Bank Cash on Hand and in Banks
Awal Tahun 6.486.402 3.934.723 at Beginning of Year
Kas dan Bank Cash on Hand and in Banks
Akhir Tahun 6.016.371 4 6.486.402 at End of Year
Tambahan informasi arus kas disajikan dalam Catatan 43. Supplementary cash flow information is presented in Note 43.
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang The accompanying notes to the consolidated financial statements form an integral
tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. part of these consolidated financial statements.
8
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Page 289
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
1. UMUM 1. GENERAL
a. Pendirian Perusahaan a. Establishment of the Company
PT Trimegah Bangun Persada Tbk. PT Trimegah Bangun Persada Tbk.
(“Perusahaan”) didirikan di Indonesia (the “Company”) was established in Indonesia
berdasarkan Akta Notaris Erna Priyono, S.H., based on Notarial Deed of Erna Priyono, S.H.,
No. 03 tanggal 6 September 2004. Akta No. 03 dated September 6, 2004. The deed of
pendirian tersebut telah disahkan oleh Menteri establishment was approved by the Minister of
Hukum dan Hak Asasi Manusia Republik Law and Human Rights of the Republic of
Indonesia dalam Surat Keputusan Indonesia in its Decision Letter
No. W7-09399 HT.01.01-TH.2007 tanggal No. W7-09399 HT.01.01-TH.2007 dated
27 Agustus 2007. August 27, 2007.
Anggaran Dasar Perusahaan telah mengalami The Company’s Articles of Association has
beberapa kali perubahan, perubahan terakhir been amended several times, the latest which
berdasarkan Akta Notaris Jimmy Tanal, S.H., was based on Notarial Deed of
M.Kn., No. 18 tanggal 3 Mei 2023 yang Jimmy Tanal, S.H., M.Kn., No. 18 dated
telah disetujui oleh Menteri Hukum May 3, 2023 which was approved by the
dan Hak Asasi Manusia Republik Indonesia Minister of Law and Human Rights of the Rights
berdasarkan Surat Keputusan of the Republic of Indonesia in its Decision
No. AHU-AH.01.03-0059867 tanggal Letter No. AHU-AH.01.03-0059867 dated
5 Mei 2023 sehubungan dengan peningkatan May 5, 2023 concerning addition in the
modal ditempatkan dan modal disetor Company’s issued and paid-up capital in
Perusahaan sehubungan dengan Penawaran relation with Initial Public Offering.
Umum Perdana Saham.
Sesuai dengan Pasal 3 Anggaran Dasar In accordance with Article 3 of the Company’s
Perusahaan, ruang lingkup kegiatan usaha Articles of Association, the Company’s scope of
utama Perusahaan adalah pertambangan bijih activities comprise of nickel ore mining and
nikel dan kawasan industri. Kegiatan usaha industrial area. Currently, the Company’s main
utama Perusahaan saat ini adalah business activities is nickel ore mining.
pertambangan bijih nikel.
Perusahaan berkedudukan di Jakarta, dengan The Company is domiciled in Jakarta and its
kantor pusat di Gedung Bank Panin Lantai 2, head office is located at Gedung Bank Panin
Jalan Jenderal Sudirman, Jakarta Pusat. 2nd Floor, Jalan Jenderal Sudirman, Central
Perusahaan mulai beroperasi sejak Jakarta. The Company started its operations in
Februari 2011. February 2011.
PT Harita Guna Dharma Bakti adalah entitas PT Harita Guna Dharma Bakti is the ultimate
induk akhir dari Perusahaan dan entitas parent entity of the Company and its
anaknya (secara bersama-sama disebut subsidiaries (collectively referred to as the
“Grup”) dan PT Harita Jayaraya (“HJR”) adalah “Group”) and PT Harita Jayaraya (“HJR”) is the
entitas induk dari Grup. parent entity of the Group.
9
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Page 290
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
a. Pendirian Perusahaan (lanjutan) a. Establishment of the Company (continued)
Pada tanggal 29 September 2020, berdasarkan On September 29, 2020, based on letter
surat No. 41/1/IUP/PMA/2020, Dinas No. 41/1/IUP/PMA/2020, Dinas Penanaman
Penanaman Modal dan Pelayanan Terpadu Modal dan Pelayanan Terpadu Satu Pintu
Satu Pintu Provinsi Maluku Utara telah Provinsi North Maluku has approved changes
menyetujui perubahan IUP Operasi Produksi on the Company’s IUP Operation Production
Perusahaan yang akan berlaku sampai dengan which will be valid until February 8, 2030.
tanggal 8 Februari 2030.
Pada tanggal 31 Desember 2025 dan 2024, As of December 31, 2025 and 2024, the
Perusahaan memiliki Izin Usaha Pertambangan Company has Mining Business Permit (“IUP”),
(“IUP”), sebagai berikut: as follows:
Dalam Jutaan Metrik Ton Basah - Tidak Diaudit/
In Million Wet Metric Tonnes - Unaudited
Total Produksi
2 Agustus 2025 hingga
31 Desember 2025/ Sisa Cadangan per
Kode IUP Operasi Produksi/ Total Production from 31 Desember 2025/
Lokasi/ Wilayah/ Luas (ha)/ Operation Production Total Cadangan/ August 2, 2025 until Remaining Reserves per
Location Area Code Area (ha) IUP Total Reserves(*) December 31, 2025 December 31, 2025
Kabupaten/ No. 41/1/IUP/PMA/2020
Regency Berlaku sampai
Kawasi, Obi 4.247 92,40 8,19 84,21
Halmahera 8 Februari 2030/
Selatan Valid until
February 8, 2030
(*) Berdasarkan hasil perhitungan tanggal 1 Agustus 2025 oleh Competent Person Indonesia (“CPI”) dalam laporannya tertanggal 1 Desember 2025/
Based on the results of calculation as of August 1, 2025 by the Competent Person Indonesia (“CPI”) as described in its report dated December 1, 2025
Dalam Jutaan Metrik Ton Basah - Tidak Diaudit/
In Million Wet Metric Tonnes - Unaudited
Total Produksi
1 Juli 2024 hingga
31 Desember 2024/ Sisa Cadangan per
Kode IUP Operasi Produksi/ Total Production from 31 Desember 2024/
Lokasi/ Wilayah/ Luas (ha)/ IUP Production Total Cadangan/ July 1, 2024 until Remaining Reserves per
Location Area Code Area (ha) Operations Total Reserves(**) December 31, 2024 December 31, 2024
Kabupaten/ No. 41/1/IUP/PMA/2020
Regency Berlaku sampai
Kawasi, Obi 4.247 111,85 8,14 103,71
Halmahera 8 Februari 2030/
Selatan Valid until
February 8, 2030
(**) Berdasarkan hasil perhitungan tanggal 30 Juni 2024 oleh CPI dalam laporannya tertanggal 1 Desember 2024/
Based on the results of calculation as of June 30, 2024 by the CPI as described in its report dated December 1, 2024
Total produksi Perusahaan untuk tahun yang The Company’s total production for the year
berakhir pada 31 Desember 2025 dan 2024 ended December 31, 2025 and 2024
masing-masing adalah sebesar 21,13 juta amounting to 21.13 million wet metric tonnes
metrik ton basah dan 14,42 juta metrik ton and 14.42 million wet metric tonnes,
basah (tidak diaudit). respectively (unaudited).
Akumulasi jumlah produksi bijih nikel The Company’s accumulated total nickel ore
Perusahaan sejak awal kegiatan eksploitasi production since the beginning of exploitation
sampai dengan tanggal 31 Desember 2025 dan activity until December 31, 2025 and 2024
2024 masing-masing sebesar 70,33 juta metrik amounting to 70.33 million wet metric tonnes
ton basah dan 49,20 juta metrik ton basah (tidak and 49.20 million wet metric tonnes,
diaudit). respectively (unaudited).
10
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
a. Pendirian Perusahaan (lanjutan) a. Establishment of the Company (continued)
CPI untuk Sumber Daya Mineral adalah Bapak The CPI for the Mineral Resources are
Robby Rafianto dan Bapak Alan Matano Mr. Robby Rafianto and Mr. Alan Matano and
dan untuk Cadangan Bijih Nikel adalah Bapak for the Nickel Ore Reserves is Mr. Lesbon J
Lesbon J Sitorus. CPI memiliki pengalaman Sitorus. CPI have sufficient experiences, which
yang cukup, yang relevan dengan gaya is relevant to the style of mineralization and
mineralisasi dan jenis deposit yang type of deposit under consideration.
dipertimbangkan.
Pada tanggal 31 Desember 2025 dan 2024, As of December 31, 2025 and 2024, the
Perusahaan telah memperoleh Persetujuan Company has obtained Forest Area Use Permit
Penggunaan Kawasan Hutan (“PPKH”) dari (“PPKH”) from the Ministry of Environment and
Kementerian Lingkungan Hidup dan Kehutanan Forestry as follows:
sebagai berikut:
Lokasi/ Luas (ha)/ Nomor PPKH/ Berlaku Sampai/
Location Area (ha) PPKH Number Valid Until
Kabupaten Halmahera Selatan, Provinsi Maluku Utara/ SK.908/Menlhk/Setjen/
84,37 8 Februari 2030/February 8, 2030
South Halmahera Regency, North Maluku Province PLA.0/8/2022
Kabupaten Halmahera Selatan, Provinsi Maluku Utara/ SK.152/Menlhk/Setjen/
226,30 8 Februari 2030/February 8, 2030
South Halmahera Regency, North Maluku Province PLA.0/4/2021
Kabupaten Halmahera Selatan, Provinsi Maluku Utara/ SK.8/Menlhk/Setjen/
1.600,98 15 Mei 2027/May 15, 2027
South Halmahera Regency, North Maluku Province PLA.0/1/2020
Kabupaten Halmahera Selatan, Provinsi Maluku Utara/ SK.43/1/IPPKH/
998,89 7 Februari 2030/February 7, 2030
South Halmahera Regency, North Maluku Province PMDN/2016
b. Penawaran umum perdana saham b. The Company’s initial public offerings
Perusahaan
Aksi korporasi yang mempengaruhi efek yang A summary of the Company’s corporate actions
diterbitkan (corporate actions) sejak penawaran from the date of its initial public offering up to
umum perdana sampai dengan tanggal December 31, 2025, is as follows:
31 Desember 2025, adalah sebagai berikut:
Jumlah Nilai nominal
saham ditempatkan per saham
dan beredar/ (nilai penuh)/
Number of shares Par value
Tanggal/ Keterangan/ issued and per share
Date Description outstanding (full amount)
3 April 2023/ Penawaran umum perdana 7.997.600.000 saham/
April 3, 2023 Initial public offering of 7,997,600,000 shares 63.098.600.000 100
24 Januari 2025 -
15 September 2025/
January 24, 2025 - Perolehan saham treasuri sejumlah 110.733.300 saham/
September 15, 2025 Acquisitions of treasury shares of 110,733,300 shares 62.987.866.700 100
Seluruh saham Perusahaan telah tercatat pada All of the Company’s shares are listed in the
Bursa Efek Indonesia. Indonesian Stock Exchange.
11
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Manajemen Kunci dan Informasi Lainnya c. Key Management and Other Information
Pada tanggal 31 Desember 2025 dan 2024 On December 31, 2025 and 2024, the
susunan Dewan Komisaris dan Direksi dan composition of the Boards of Commissioners
Komite Audit Perusahaan adalah sebagai and Directors and Audit Committee of the
berikut: Company are as follows:
Dewan Komisaris Board of Commissioners
Komisaris Utama Donald Johnny Hermanus President Commissioner
Komisaris Independen Darjoto Setyawan Independent Commissioner
Komisaris Independen Suryadi Sasmita Independent Commissioner
Direksi Board of Directors
Direktur Utama Roy Arman Arfandy President Director
Direktur Suparsin Darmo Liwan Director
Direktur Lim Sian Choo Director
Direktur Tonny Hasudungan Gultom Director
Direktur Younsel Evand Roos Director
Komite Audit Audit Committee
Ketua Darjoto Setyawan Chairman
Anggota Toni Setioko Member
Anggota Tsun Tien Wen Lie Member
Berdasarkan Akta Notaris Jimmy Tanal, S.H., Based on Notarial Deed of Jimmy Tanal, S.H.,
M.Kn., No. 266 tanggal 27 Juni 2024, M.Kn., No. 266 dated June 27, 2024, the
Perusahaan menyetujui perubahan susunan Company agreed change the composition of
Direksi Perusahaan. Akta perubahan ini telah Board of Directors of the Company. This
diterima dan dicatat Menteri Hukum dan Hak amendment had been received and recorded
Asasi Manusia Republik Indonesia dengan by the Ministry of Law and Human Rights of the
Surat Keputusan No. AHU-AH.01.09-0227523 Republic of Indonesia with Letter
tanggal 17 Juli 2024. No. AHU-AH.01.09-0227523 dated
July 17, 2024.
Pada tanggal 31 Desember 2025 dan 2024, On December 31, 2025 and 2024, the Group
Grup memiliki karyawan tetap masing-masing had a total of 7,064 and 4,963 permanent
berjumlah 7.064 dan 4.963 orang dan karyawan employees and 4,062 and 5,779 contract
kontrak berjumlah 4.062 dan 5.779 orang (tidak employees, respectively (unaudited).
diaudit).
12
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Manajemen Kunci dan Informasi Lainnya c. Key Management and Other Information
(lanjutan) (continued)
Bapak Suparsin Darmo Liwan adalah direktur Mr. Suparsin Darmo Liwan is a director
yang bertanggung jawab atas bidang akuntansi who is in-charge for accounting and finance.
dan keuangan.
Dewan Komisaris dan Direksi Perusahaan The Company’s Boards of Commissioners and
merupakan personil manajemen kunci. Directors are the key management personnel.
d. Struktur Entitas Anak d. Structures of the Subsidiaries
Persentase kepemilikan Perusahaan, baik The percentages of ownership, either directly or
secara langsung maupun tidak langsung, dan indirectly, of the Company, and total assets of
total aset entitas anak 31 Desember 2025 dan the subsidiaries as of December 31, 2025 and
2024 adalah sebagai berikut: 2024 are as follows:
Total Aset Sebelum
Eliminasi (dalam miliar Rupiah)/
Tahun Beroperasi Persentase Kepemilikan/ Total Assets Before
secara Komersial/ Percentage of Ownership Elimination (in billion Rupiah)
Commencement
Domisili/ of Commercial Jenis Usaha/
Entitas Anak/Subsidiaries Domicile Operations Nature of Business 2025 2024 2025 2024
Kepemilikan langsung:/
Direct ownership:
PT Gane Permai Sentosa (“GPS”) Jakarta 2009 Pertambangan nikel/ 99,00% 99,00% 2.278 2.297
Nickel mining
PT Obira Mitra Jaya (“OMJ”) Jakarta 2019 Konsultan/ 63,54% 63,54% 23.744 23.578
Consultant
PT Megah Surya Pertiwi (“MSP”) Jakarta 2018 Pengolahan nikel/ 50,00% 50,00% 5.900 5.343
Nickel processing
PT Gane Tambang Sentosa (“GTS”) Jakarta 2025 Pertambangan nikel/ 99,00% 99,00% 1.081 319
Nickel mining
Kepemilikan tidak langsung:/
Indirect ownership:
Melalui GPS:/Through GPS:
PT Jikodolong Megah Pertiwi (“JMP”) Jakarta - Pertambangan nikel/ 99,60% 99,60% 93 62
Nickel mining
PT Obi Anugerah Mineral (“OAM”) Jakarta - Pertambangan nikel/ 99,60% 99,60% 14 7
Nickel mining
PT Megah Surya Pertiwi (“MSP”) Jakarta 2018 Pengolahan nikel/ 10,00% 10,00% 5.900 5.343
Nickel processing
Melalui OMJ:/Through OMJ:
PT Halmahera Jaya Feronikel (“HJF”) Jakarta 2023 Pengolahan nikel/ 63,10% 63,10% 23.741 23.575
Nickel processing
Melalui HJF:/Through HJF:
HJF International Trading (Ningbo) Tiongkok/ 2023 Perdagangan/ - 100,00% - 63
Co., Ltd (“HJFI“) China Trading
Melalui GTS:/Through GTS:
PT Kreasi Kemakmuran Tambang (“KKT”) Jakarta 2025 Pertambangan dan 99,95% 99,00% 2 11
penggalian lainnya/
Mining and other
excavations
GPS GPS
Pada tanggal 14 September 2020, berdasarkan On September 14, 2020, based
surat No. 39/1/IUP/PMA/2020, Dinas on letter No. 39/1/IUP/PMA/2020,
Penanaman Modal dan Pelayanan Terpadu Dinas Penanaman Modal dan Pelayanan
Satu Pintu Provinsi Maluku Utara telah Terpadu Satu Pintu Provinsi North Maluku has
menyetujui perpanjangan tahap kedua IUP approved the extension of phase two on GPS’
Operasi Produksi GPS yang akan berlaku IUP Operation Production which will be valid
sampai dengan tanggal 5 April 2029. until April 5, 2029.
13
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
d. Struktur Entitas Anak (lanjutan) d. Structures of the Subsidiaries (continued)
GPS (lanjutan) GPS (continued)
Pada tanggal 31 Desember 2025 dan 2024, As of December 31, 2025 and 2024, GPS has
GPS memiliki IUP, sebagai berikut: IUP, as follows:
Dalam Jutaan Metrik Ton Basah - Tidak Diaudit/
In Million Wet Metric Tonnes - Unaudited
Total Produksi
2 Agustus 2025 hingga
31 Desember 2025/ Sisa Cadangan per
Kode IUP Operasi Produksi/ Total Production from 31 Desember 2025/
Lokasi/ Wilayah/ Luas (ha)/ IUP Production Total Cadangan/ August 2, 2025 until Remaining Reserves per
Location Area Code Area (ha) Operations Total Reserves(*) December 31, 2025 December 31, 2025
Kabupaten/ No. 39/1/IUP/PMA/2020
Regency Berlaku sampai
Loji, Obi 1.276,99 42,50 3,39 39,11
Halmahera 5 April 2029/
Selatan Valid until
April 5, 2029
(*) Berdasarkan hasil perhitungan tanggal 1 Agustus 2025 oleh CPI dalam laporannya tertanggal 1 Desember 2025/
Based on the results of calculation as of August 1, 2025 by the CPI as described in its report dated December 1, 2025
Dalam Jutaan Metrik Ton Basah - Tidak Diaudit/
In Million Wet Metric Tonnes - Unaudited
Total Produksi
1 Juli 2024 hingga
31 Desember 2024/ Sisa Cadangan per
Kode IUP Operasi Produksi/ Total Production from 31 Desember 2024/
Lokasi/ Wilayah/ Luas (ha)/ IUP Production Total Cadangan/ July 1, 2024 until Remaining Reserves per
Location Area Code Area (ha) Operations Total Reserves(**) December 31, 2024 December 31, 2024
Kabupaten/ No. 39/1/IUP/PMA/2020
Regency Berlaku sampai
Loji, Obi 1.276,99 54,54 3,84 50,70
Halmahera 5 April 2029/
Selatan Valid until
April 5, 2029
(**) Berdasarkan hasil perhitungan tanggal 30 Juni 2024 oleh CPI dalam laporannya tertanggal 1 Desember 2024/
Based on the results of calculation as of June 30, 2024 by the CPI as described in its report dated December 1, 2024
Total produksi GPS untuk untuk tahun yang GPS’ total production for the for the year ended
berakhir pada 31 Desember 2025 dan 2024 December 31, 2025 and 2024 amounting to
masing-masing adalah sebesar 8,34 juta metrik 8.34 million wet metric tonnes and 8.23 million
ton basah dan 8,23 juta metrik ton basah (tidak wet metric tonnes, respectively (unaudited).
diaudit).
Akumulasi jumlah produksi bijih nikel GPS sejak The GPS’ accumulated total nickel ore
awal kegiatan eksploitasi sampai dengan production since the beginning of exploitation
tanggal 31 Desember 2025 dan 2024 masing- activity until December 31, 2025 and 2024
masing sebesar 34,46 juta metrik ton basah dan amounting to 34.46 million wet metric tonnes
26,12 juta metrik ton basah (tidak diaudit). and 26.12 million wet metric tonnes,
respectively (unaudited).
14
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
d. Struktur Entitas Anak (lanjutan) d. Structures of the Subsidiaries (continued)
GPS (lanjutan) GPS (continued)
CPI untuk Sumber Daya Mineral adalah Bapak The CPI for the Mineral Resources are
Robby Rafianto dan Bapak Alan Matano Mr. Robby Rafianto and Mr. Alan Matano and
dan untuk Cadangan Bijih Nikel adalah Bapak for the Nickel Ore Reserves is Mr. Lesbon J
Lesbon J Sitorus. CPI memiliki pengalaman Sitorus. CPI have sufficient experiences, which
yang cukup, yang relevan dengan gaya is relevant to the style of mineralization and
mineralisasi dan jenis deposit yang type of deposit under consideration.
dipertimbangkan.
Pada tanggal 31 Desember 2025 dan 2024 As of December 31, 2025 and 2024, GPS has
GPS telah memperoleh PPKH dari obtained permit PPKH from the Ministry of
Kementerian Lingkungan Hidup dan Kehutanan Environment and Forestry as follows:
sebagai berikut:
Lokasi/ Luas (ha)/ Nomor PPKH/ Berlaku Sampai/
Location Area (ha) PPKH Number Valid Until
Kabupaten Halmahera Selatan, Provinsi Maluku Utara/ SK.719/Menhlk/Setjen/
259,52 5 April 2029/April 5, 2029
South Halmahera Regency, North Maluku Province PLA.0/7/2022
Kabupaten Halmahera Selatan, Provinsi Maluku Utara/ SK.545/Menlhk/Setjen/
469,90 22 Maret 2030/March 22, 2030
South Halmahera Regency, North Maluku Province PLA.0/11/2018
Kabupaten Halmahera Selatan, Provinsi Maluku Utara/ SK.91/I/IPPKH/PMDN/
479,69 22 Maret 2030/March 22, 2030
South Halmahera Regency, North Maluku Province 2017
OMJ OMJ
Berdasarkan Akta Notaris Eirenes Maria Based on Notarial Deed of Eirenes Maria
Hendra, S.H., M.Kn., No. 6 tanggal Hendra, S.H., M.Kn., No. 6 dated
17 April 2024, pemegang saham OMJ April 17, 2024, OMJ’s shareholders approved
menyetujui peningkatan modal dasar sebesar the increase in authorized capital amounting to
Rp1.578.507, dari Rp2.500.000 menjadi Rp1,578,507, from Rp2,500,000 to become
Rp4.078.507 serta peningkatan modal Rp4,078,507 and increase issued and fully paid
ditempatkan dan disetor sebesar Rp1.822.837, capital amounting to Rp1,822,837 from
dari Rp2.255.670 menjadi Rp4.078.507, Rp2,255,670 to become Rp4,078,507, hence
sehingga susunan pemegang saham OMJ the composition of OMJ shareholders become
menjadi sebagai berikut: as follows:
1. Perusahaan sebesar Rp2.591.484 atau 1. The Company amounting to Rp2,591,484
setara dengan persentase kepemilikan or equivalent to percentage shares
63,54%; dan ownership of 63.54%; and
2. PT Sarana Cipta Multiniaga (“SCM”) 2. PT Sarana Cipta Multiniaga (“SCM”)
sebesar Rp1.487.023 atau setara dengan amounting to Rp1,487,023 or equivalent to
persentase kepemilikan 36,46%. percentage shares ownership of 36.46%.
15
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
d. Struktur Entitas Anak (lanjutan) d. Structures of the Subsidiaries (continued)
OMJ (lanjutan) OMJ (continued)
Perubahan tersebut telah disetujui oleh Menteri The changes were approved by the Minister of
Hukum dan Hak Asasi Manusia Republik Law and Human Rights of the Republic of
Indonesia berdasarkan Surat Keputusan Indonesia based on its Decision Letter
No. AHU-AH.01.03-0099710 tanggal No. AHU-AH.01.03-0099710 dated
2 Mei 2024. May 2, 2024.
Berdasarkan Akta Notaris Marichicha Puicha L. Based on Notarial Deed of Marichicha Puicha L.
Sianturi, S.H., M.Kn., No. 18 tanggal Sianturi, S.H., M.Kn., No. 18 dated
17 September 2024, pemegang saham OMJ September 17, 2024, OMJ’s shareholders
menyetujui penurunan modal ditempatkan dan approved the decrease in issued and fully paid
disetor penuh dengan mengembalikan capital by returning a certain amount of capital
sejumlah modal kepada pemegang saham to shareholders amounting to Rp1,822,837 from
sebesar Rp1.822.837, dari Rp4.078.507 Rp4,078,507 to become Rp2,255,670, hence
menjadi Rp2.255.670, sehingga susunan the composition of OMJ shareholders become
pemegang saham OMJ menjadi sebagai as follows:
berikut:
1. Perusahaan sebesar Rp1.433.253 atau 1. The Company amounting to Rp1,433,253
setara dengan persentase kepemilikan or equivalent to percentage shares
63,54%; ownership of 63.54%;
2. SCM sebesar Rp822.417 atau setara 2. SCM amounting to Rp822,417 or
dengan persentase kepemilikan 36,46%. equivalent to percentage shares
ownership of 36.46%.
Perubahan tersebut telah disetujui oleh Menteri The changes were approved by the Minister of
Hukum dan Hak Asasi Manusia Republik Law and Human Rights of the Republic of
Indonesia berdasarkan Surat Keputusan Indonesia based on its Decision Letter
No. AHU-0075985.AH.01.02 tanggal No. AHU-0075985.AH.01.02 dated
17 November 2024. November 17, 2024.
GTS GTS
Pada tanggal 4 Desember 2020, On December 4, 2020, based on letter No.
berdasarkan surat No. 502/3/DPMPTSP/IUP- 502/3/DPMPTSP/IUP-OP.LB/XII/2020, Dinas
OP.LB/XII/2020, Dinas Penanaman Modal dan Penanaman Modal dan Pelayanan Terpadu
Pelayanan Terpadu Satu Pintu Provinsi Maluku Satu Pintu Provinsi North Maluku has approved
Utara telah menyetujui IUP Operasi Produksi the GTS’ IUP Operation Production with area of
GTS seluas 2.314 ha yang berlaku selama 2,314 ha which will be valid for
20 tahun. 20 year.
16
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
d. Struktur Entitas Anak (lanjutan) d. Structures of the Subsidiaries (continued)
GTS (lanjutan) GTS (continued)
Pada tanggal 31 Desember 2025 dan 2024, As of December 31, 2025 and 2024, GTS has
GTS memiliki IUP, sebagai berikut: IUP, as follows:
Dalam Jutaan Metrik Ton Basah - Tidak Diaudit/
In Million Wet Metric Tonnes - Unaudited
Total Produksi
2 Agustus 2025 hingga
31 Desember 2025/
Kode IUP Operasi Produksi/ Total Production from
Lokasi/ Wilayah/ Luas (ha)/ IUP Production Total Cadangan/ August 2, 2025 until Sisa Cadangan/
Location Area Code Area (ha) Operations Total Reserves(*) December 31, 2025 Remaining Reserves
502/3/DPMPTSP/IUP-
Kabupaten/
OP.LB/XII/2020
Regency Fluk dan
2.314 Berlaku sampai 31,80 1,47 30,33
Halmahera Gambaru, Obi
4 Desember 2040/
Selatan
Valid until
December 4, 2040
(*) Berdasarkan hasil perhitungan tanggal 1 Agustus 2025 oleh CPI dalam laporannya tertanggal 1 Desember 2025/
Based on the results of calculation as of August 1, 2025 by the CPI as described in its report dated December 1, 2025
Dalam Jutaan Metrik Ton Basah - Tidak Diaudit/
In Million Wet Metric Tonnes - Unaudited
Total Akumulasi
Produksi pada Tanggal
31 Desember 2024/
Kode IUP Operasi Produksi/ Total Accumulated
Lokasi/ Wilayah/ Luas (ha)/ IUP Production Total Cadangan/ Production as of Sisa Cadangan/
Location Area Code Area (ha) Operations Total Reserves(**) December 31, 2024 Remaining Reserves
502/3/DPMPTSP/IUP-
Kabupaten/
OP.LB/XII/2020
Regency Fluk dan
2.314 Berlaku sampai 32,70 - 32,70
Halmahera Gambaru, Obi
4 Desember 2040/
Selatan
Valid until
December 4, 2040
(**) Berdasarkan hasil perhitungan tanggal 30 Juni 2024 oleh CPI dalam laporannya tertanggal 1 Desember 2024/
Based on the results of calculation as of June 30, 2024 by the CPI as described in its report dated December 1, 2024
Total produksi GTS untuk tahun yang berakhir The GTS’s total production for the year ended
pada 31 Desember 2025 adalah sebesar 2,60 December 31, 2025 amounting to 2.60 million
juta metrik ton basah (tidak diaudit). wet metric tonnes (unaudited).
CPI untuk Sumber Daya Mineral adalah Bapak The CPI for the Mineral Resources are
Robby Rafianto dan Bapak Alan Matano Mr. Robby Rafianto and Mr. Alan Matano and
dan untuk Cadangan Bijih Nikel adalah Bapak for the Nickel Ore Reserves is Mr. Lesbon J
Lesbon J Sitorus. CPI memiliki pengalaman Sitorus. CPI have sufficient experiences, which
yang cukup, yang relevan dengan gaya is relevant to the style of mineralization and
mineralisasi dan jenis deposit yang type of deposit under consideration.
dipertimbangkan.
17
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Page 298
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
d. Struktur Entitas Anak (lanjutan) d. Structures of the Subsidiaries (continued)
GTS (lanjutan) GTS (continued)
Pada tanggal 31 Desember 2025 GTS telah As of December 31, 2025, GTS has obtained
memperoleh PPKH dari Kementerian permit PPKH from the Ministry of Environment
Lingkungan Hidup dan Kehutanan sebagai and Forestry as follows:
berikut:
Lokasi/ Luas (ha)/ Nomor PPKH/ Berlaku Sampai/
Location Area (ha) PPKH Number Valid Until
Kabupaten Halmahera Selatan, Provinsi Maluku Utara/ SK.809/Menlhk/Setjen/ 4 Desember 2040/
837,21
South Halmahera Regency, North Maluku Province PLA.0/8/2022 December 4, 2040
Kabupaten Halmahera Selatan, Provinsi Maluku Utara/ Kepmenhut RI Nomor 3 Desember 2027/
844,71 December 3, 2027
South Halmahera Regency, North Maluku Province 793 Tahun 2025
Pada tanggal 31 Desember 2024 GTS telah As of December 31, 2024, GTS has obtained
memperoleh PPKH dari Kementerian permit PPKH from the Ministry of Environment
Lingkungan Hidup dan Kehutanan sebagai and Forestry as follows:
berikut:
Lokasi/ Luas (ha)/ Nomor PPKH/ Berlaku Sampai/
Location Area (ha) PPKH Number Valid Until
Kabupaten Halmahera Selatan, Provinsi Maluku Utara/ SK.809/Menlhk/Setjen/ 4 Desember 2040/
837,21
South Halmahera Regency, North Maluku Province PLA.0/8/2022 December 4, 2040
KKT KKT
Pada tanggal 15 Agustus 2025, GTS On August 15, 2025, GTS increased its share
melakukan penambahan modal saham KKT capital in KKT to 99.95%.
menjadi 99,95%.
Pada tanggal 30 Oktober 2024, GTS On October 30, 2024, GTS acquired a 99%
mengakuisisi saham KKT sebesar 99%. shares ownership in KKT.
JMP JMP
Pada tanggal 14 Januari 2019, berdasarkan On January 14, 2019, based on letter
surat No. 502/2/DPMPTSP/I/2019, Dinas No. 502/2/DPMPTSP/I/2019, Dinas
Penanaman Modal dan Pelayanan Terpadu Penanaman Modal dan Pelayanan Terpadu
Satu Pintu Provinsi Maluku Utara telah Satu Pintu Provinsi North Maluku has approved
menyetujui IUP Operasi Produksi JMP seluas JMP’s IUP Operation Production with area of
1.884,84 ha yang akan berlaku sampai dengan 1,884.84 ha which will be valid until
tanggal 6 April 2029. April 6, 2029.
18
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
d. Struktur Entitas Anak (lanjutan) d. Structures of the Subsidiaries (continued)
JMP (lanjutan) JMP (continued)
Pada tanggal 31 Desember 2025, JMP memiliki As of December 31, 2025, JMP has IUP, as
IUP, sebagai berikut: follows:
Dalam Jutaan Metrik Ton Basah - Tidak Diaudit/
In Million Wet Metric Tonnes - Unaudited
Total Akumulasi
Produksi pada Tanggal
31 Desember 2025/
Kode IUP Operasi Produksi/ Total Accumulated
Lokasi/ Wilayah/ Luas (ha)/ IUP Production Total Cadangan/ Production as of Sisa Cadangan/
Location Area Code Area (ha) Operations Total Reserves(*) December 31, 2025 Remaining Reserves
Kabupaten/ 502/2/DPMPTSP/I/2019
Regency Berlaku sampai
Jikodolong, Obi 1.884,84 12,20 - 12,20
Halmahera 6 April 2029/
Selatan Valid until
April 6, 2029
(*) Berdasarkan hasil perhitungan tanggal 1 Agustus 2025 oleh CPI dalam laporannya tertanggal 1 Desember 2025/
Based on the results of calculation as of August 1, 2025 by the CPI as described in its report dated December 1, 2025
Pada tanggal 31 Desember 2024, JMP memiliki As of December 31, 2024, JMP has IUP, as
IUP, sebagai berikut: follows:
Dalam Jutaan Metrik Ton Basah - Tidak Diaudit/
In Million Wet Metric Tonnes - Unaudited
Total Akumulasi
Produksi pada Tanggal
31 Desember 2024/
Kode IUP Operasi Produksi/ Total Accumulated
Lokasi/ Wilayah/ Luas (ha)/ IUP Production Total Cadangan/ Production as of Sisa Cadangan/
Location Area Code Area (ha) Operations Total Reserves(**) December 31, 2024 Remaining Reserves
Kabupaten/ 502/2/DPMPTSP/I/2019
Regency Berlaku sampai
Jikodolong, Obi 1.884,84 12,16 - 12,16
Halmahera 6 April 2029/
Selatan Valid until
April 6, 2029
(**) Berdasarkan hasil perhitungan tanggal 30 Juni 2024 oleh CPI dalam laporannya tertanggal 1 Desember 2024/
Based on the results of calculation as of June 30, 2024 by the CPI as described in its report dated December 1, 2024
CPI untuk Sumber Daya Mineral adalah Bapak The CPI for the Mineral Resources are
Robby Rafianto dan Bapak Alan Matano Mr. Robby Rafianto and Mr. Alan Matano and
dan untuk Cadangan Bijih Nikel adalah Bapak for the Nickel Ore Reserves is Mr. Lesbon J
Lesbon J Sitorus. CPI memiliki pengalaman Sitorus. CPI have sufficient experiences, which
yang cukup, yang relevan dengan gaya is relevant to the style of mineralization and
mineralisasi dan jenis deposit yang type of deposit under consideration.
dipertimbangkan.
Pada tanggal 31 Desember 2025 dan 2024, As of December 31, 2025 and 2024, JMP has
JMP telah memperoleh PPKH dari Kementerian obtained permit PPKH from the Ministry of
Lingkungan Hidup dan Kehutanan sebagai Environment and Forestry as follows:
berikut:
Lokasi/ Luas (ha)/ Nomor PPKH/ Berlaku Sampai/
Location Area (ha) PPKH Number Valid Until
Kabupaten Halmahera Selatan, Provinsi Maluku Utara/ Kepmenlhk RI Nomor 1 Agustus 2026/August 1, 2026
228,48
South Halmahera Regency, North Maluku Province 1148 Tahun 2024
Kabupaten Halmahera Selatan, Provinsi Maluku Utara/ SK.836/Menlhk/Setjen/
555,27 6 April 2029/April 6, 2029
South Halmahera Regency, North Maluku Province PLA.0/8/2022
19
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
d. Struktur Entitas Anak (lanjutan) d. Structures of the Subsidiaries (continued)
OAM OAM
Pada tanggal 14 Januari 2019, berdasarkan On January 14, 2019, based on letter
surat No. 502/3/DPMPTSP/I/2019, Dinas No. 502/3/DPMPTSP/I/2019, Dinas
Penanaman Modal dan Pelayanan Terpadu Penanaman Modal dan Pelayanan Terpadu
Satu Pintu Provinsi Maluku Utara telah Satu Pintu Provinsi North Maluku has approved
menyetujui IUP Operasi Produksi OAM seluas on the OAM’s IUP Operation Production with
1.775,4 ha yang akan berlaku sampai dengan area of 1,775.4 ha which will be valid until
tanggal 5 April 2029. April 5, 2029.
Pada tanggal 31 Desember 2025 OAM telah As of December 31, 2025, OAM has obtained
memperoleh PPKH dari Kementerian permit PPKH from the Ministry of Environment
Lingkungan Hidup dan Kehutanan sebagai and Forestry as follows:
berikut:
Lokasi/ Luas (ha)/ Nomor PPKH/ Berlaku Sampai/
Location Area (ha) PPKH Number Valid Until
Kabupaten Halmahera Selatan, Provinsi Maluku Utara/ Kepmenlhk RI Nomor 5 April 2029/
436,81
South Halmahera Regency, North Maluku Province 1377 Tahun 2024 April 5, 2029
HJFI HJFI
Berdasarkan Pernyataan Keputusan Para Based on the HJFI's Statement of Shareholders
Pemegang Saham HJFI tanggal Resolution dated October 31, 2025, the
31 Oktober 2025, para pemegang saham shareholders of HJFI agreed to liquidate HJFI.
menyetujui untuk melikuidasi HJFI. Likuidasi Liquidation has been approved by the
telah disetujui oleh pihak berwenang pada authorized party dated November 27, 2025.
tanggal 27 November 2025.
e. Penyelesaian Laporan Keuangan e. Completion of the Consolidated Financial
Konsolidasian Statements
Manajemen bertanggung jawab atas The management is responsible for the
penyusunan dan penyajian laporan keuangan preparation and presentation of the
konsolidasian ini, yang diselesaikan dan consolidated financial statements, which were
disetujui untuk diterbitkan oleh Direksi completed and authorized for issuance by the
Perusahaan pada tanggal 25 Mei 2026. Board of Directors of the Company’s on
May 25, 2026.
20
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL POLICIES INFORMATION
a. Dasar Penyajian Laporan Keuangan a. Basis of Presentation of Consolidated
Konsolidasian Financial Statements
Laporan keuangan konsolidasian telah disusun The consolidated financial statements have
sesuai dengan Standar Akuntansi Keuangan been prepared in accordance with Indonesian
(“SAK”) di Indonesia, yang mencakup Financial Accounting Standards, which
Pernyataan dan Interpretasi yang dikeluarkan comprise the Statements and Interpretations
oleh Dewan Standar Akuntansi Keuangan issued by the Financial Accounting Standards
Ikatan Akuntan Indonesia (“DSAK IAI”) dan Board of the Institute of Indonesia Chartered
Peraturan-Peraturan serta Pedoman Penyajian Accountants “Dewan Standar Akuntansi
dan Pengungkapan Laporan Keuangan yang Keuangan Ikatan Akuntan Indonesia” or “DSAK
diterbitkan oleh Otoritas Jasa Keuangan IAI” and the Regulations and Guidelines on
(“OJK”). Financial Statement Presentation and
Disclosures issued by Financial Services
Authority (“Otoritas Jasa Keuangan” or “ OJK”).
Laporan keuangan konsolidasian disusun The consolidated financial statements have
berdasarkan konsep akrual, kecuali laporan been prepared on the accrual basis, except for
arus kas konsolidasian, dengan menggunakan the consolidated statement of cash flows, using
konsep biaya historis, kecuali seperti yang the historical cost concept of accounting,
disebutkan dalam Catatan atas laporan except as disclosed in the relevant Notes to the
keuangan konsolidasian yang relevan. consolidated financial statements herein.
Laporan arus kas konsolidasian yang disajikan The consolidated statement of cash flows,
dengan menggunakan metode langsung, which have been prepared using the direct
menyajikan penerimaan dan pengeluaran kas method, present receipts and disbursements of
dan bank yang diklasifikasikan ke dalam cash on hand and in banks classified into
aktivitas operasi, investasi dan pendanaan. operating, investing and financing activities.
Kebijakan akuntansi yang diterapkan oleh Grup The accounting policies adopted by the Group
adalah selaras bagi tahun yang dicakup oleh are consistently applied for the year covered by
laporan keuangan konsolidasian, kecuali untuk the consolidated financial statements, except
standar akuntansi baru dan revisi seperti for new and revised accounting standards as
diungkapkan pada Catatan 2b dibawah ini. disclosed in the following Note 2b.
Grup telah menyusun laporan keuangan The Group has prepared the consolidated
konsolidasian dengan dasar kelangsungan financial statements on the going concern
usaha. basis.
b. Perubahan Kebijakan Akuntansi b. Changes in Accounting Principles
Grup menerapkan pertama kali amandemen The Group made first-time adoption of
PSAK 221: Kekurangan Ketertukaran yang amendments of PSAK 221: Lack of
berlaku efektif untuk periode yang dimulai pada Exchangeability which effective for the periods
atau setelah 1 Januari 2025. Amandemen- beginning on or after January 1, 2025. The
amandemen tersebut tidak memiliki dampak amendments had no material impact on the
material terhadap laporan keuangan Grup. Group’s financial statements.
21
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
b. Perubahan Kebijakan Akuntansi (lanjutan) b. Changes in Accounting Principles
(continued)
Amandemen PSAK 221: Kekurangan Amendment of PSAK 221: Lack of
Ketertukaran Exchangeability
Amandemen tersebut menetapkan bagaimana The amendments specifies how an entity
entitas harus menilai apakah suatu mata uang should assess whether a currency is
dapat dipertukarkan serta bagaimana entitas exchangeable and how it should determine a
harus menentukan kurs spot ketika spot exchange rate when exchangeability is
ketertukaran (exchangeability) tidak tersedia. lacking. The amendments also require
Amandemen tersebut juga mensyaratkan disclosure of information that enables users of
pengungkapan informasi yang memungkinkan its financial statements to understand how the
pengguna laporan keuangan untuk memahami currency not being exchangeable into the other
bagaimana ketidakmampuan mata uang currency affects, or is expected to affect, the
tersebut untuk dipertukarkan dengan mata entity’s financial performance, financial position
uang lainnya memengaruhi, atau diharapkan and cash flows.
akan memengaruhi, kinerja keuangan, posisi
keuangan, dan arus kas entitas.
Amandemen ini tidak berdampak terhadap This amendment did not have any impact on
laporan keuangan konsolidasian Grup. the Group’s consolidated financial statements.
c. Prinsip-prinsip Konsolidasian c. Principles of Consolidation
Laporan keuangan konsolidasian meliputi The consolidated financial statements comprise
laporan keuangan Perusahaan dan entitas- the financial statements of the Company and its
entitas anak. Kendali diperoleh bila Grup subsidiaries. Control is achieved when the
terekspos atau memiliki hak atas imbal hasil Group is exposed, or has rights, to variable
variabel dari keterlibatannya dengan investee returns from its involvement with the investee
dan memiliki kemampuan untuk mempengaruhi and has the ability to affect those returns
imbal hasil tersebut melalui kekuasaannya atas through its power over the investee. Thus, the
investee. Dengan demikian, investor Group controls an investee if and only if the
mengendalikan investee jika dan hanya jika Group has all of the following:
investor memiliki seluruh hal berikut ini:
i) Kekuasaan atas investee, yaitu hak yang i) Power over the investee, that is existing
ada saat ini yang memberi investor rights that give the Group current ability to
kemampuan kini untuk mengarahkan direct the relevant activities of the investee;
aktivitas relevan dari investee;
ii) Eksposur atau hak atas imbal hasil variabel ii) Exposure, or rights, to variable returns
dari keterlibatannya dengan investee; dan from its involvement with the investee; and
iii) Kemampuan untuk menggunakan iii) The ability to use its power over the
kekuasaannya atas investee untuk investee to affect its returns.
mempengaruhi jumlah imbal hasil.
22
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
c. Prinsip-prinsip Konsolidasian (lanjutan) c. Principles of Consolidation (continued)
Bila Grup tidak memiliki hak suara atau hak When the Group has less than a majority of the
serupa secara mayoritas atas suatu investee, voting or similar rights of an investee, the Group
Grup mempertimbangkan semua fakta dan considers all relevant facts and circumstances
keadaan yang relevan dalam mengevaluasi in assessing whether it has power over an
apakah mereka memiliki kekuasaan atas investee, including:
investee, termasuk:
i) Pengaturan kontraktual dengan pemilik i) The contractual arrangement with the other
hak suara lainnya dari investee; vote holders of the investee;
ii) Hak yang timbul atas pengaturan ii) Rights arising from other contractual
kontraktual lain; dan arrangements; and
iii) Hak suara dan hak suara potensial yang iii) The Group's voting rights and potential
dimiliki Grup. voting rights.
Grup menilai kembali apakah mereka The Group re-assesses whether or not it
mengendalikan investee bila fakta dan keadaan controls an investee if facts and circumstances
mengindikasikan adanya perubahan terhadap indicate that there are changes to one or more
satu atau lebih dari ketiga elemen dari of the three elements of control. Consolidation
pengendalian. Konsolidasi atas entitas-entitas of a subsidiary begins when the Group obtains
anak dimulai sejak Grup memperoleh control over the subsidiary and ceases when
pengendalian atas entitas anak dan berakhir the Group loses control of the subsidiary.
pada saat Grup kehilangan pengendalian atas Assets, liabilities, income and expenses of a
entitas anak. Aset, liabilitas, penghasilan dan subsidiary acquired during the year are
beban dari entitas anak yang diakuisisi pada included in the consolidated financial
tahun tertentu disertakan dalam laporan statements from the date the Group gains
keuangan konsolidasian sejak tanggal Grup control until the date the Group ceases to
memperoleh kendali sampai tanggal Grup tidak control the subsidiary.
lagi mengendalikan entitas anak tersebut.
Seluruh laba rugi dan setiap komponen Profit or loss and each component of other
penghasilan komprehensif lain (“PKL”) comprehensive income (“OCI”) are attributed to
diatribusikan pada pemilik entitas induk dan the equity holders of the parent of the Group
pada kepentingan nonpengendali (“KNP”), and to the non-controlling interests (“NCI”),
walaupun hal ini akan menyebabkan saldo KNP even if this results in the NCI having a deficit
yang defisit. Bila dipandang perlu, penyesuaian balance. When necessary, adjustments are
dilakukan terhadap laporan keuangan entitas made to the financial statements of subsidiaries
anak untuk diselaraskan dengan kebijakan to bring their accounting policies into line with
akuntansi Grup. the Group’s accounting policies.
Seluruh aset dan liabilitas, ekuitas, penghasilan All intra-group assets and liabilities, equity,
dan beban dan arus kas atas transaksi antar income, expenses and cash flows relation to
anggota Grup dieliminasi sepenuhnya pada transactions between members of the Group
saat konsolidasi. are eliminated in full on consolidation.
Perubahan dalam bagian kepemilikan entitas A change in the parent’s ownership interest in a
induk pada entitas anak yang tidak subsidiary, without a loss of control, is
mengakibatkan hilangnya pengendalian, accounted for as an equity transaction. If the
dicatat sebagai transaksi ekuitas. Bila Group loses control over a subsidiary, it
kehilangan pengendalian atas suatu entitas derecognizes the related assets
anak, maka Grup menghentikan pengakuan (including goodwill), liabilities, and other
atas aset (termasuk goodwill), liabilitas dan component of equity, while the difference is
komponen lain dari ekuitas terkait, dan recognized in the profit or loss. Any investment
selisihnya diakui pada laba rugi. Bagian dari retained is recognized at fair value.
investasi yang tersisa diakui pada nilai wajar.
23
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
d. Kombinasi Bisnis dan Goodwill d. Business Combinations and Goodwill
Kombinasi bisnis dicatat dengan menggunakan Business combinations are accounted for using
metode akuisisi. Biaya perolehan dari sebuah the acquisition method. The cost of an
akuisisi diukur pada nilai agregat imbalan yang acquisition is measured as the aggregate of the
dialihkan, diukur pada nilai wajar pada tanggal consideration transferred, measured at
akuisisi dan jumlah setiap KNP pada pihak yang acquisition date fair value, and the amount of
diakuisisi. Untuk setiap kombinasi bisnis, Grup any NCI in the acquiree. For each business
memilih apakah mengukur KNP pada entitas combination, the Group elects whether it
yang diakuisisi baik pada nilai wajar ataupun measures the NCI in the acquiree either at fair
pada proporsi kepemilikan KNP atas aset neto value or at the proportionate share of the
yang teridentifikasi dari entitas yang diakuisisi. acquiree’s identifiable net assets. Acquisition
Biaya-biaya akuisisi yang timbul dibebankan costs incurred are directly expensed and
langsung dan disertakan dalam beban included in administrative expenses.
administrasi.
Grup menentukan bahwa mereka telah The Group determines that it has acquired a
mengakuisisi bisnis ketika rangkaian aktivitas business when the acquired set of activities and
dan aset yang diakuisisi mencakup input dan assets include an input and a substantive
proses substantif yang bersama-sama secara process that together significantly contribute to
signifikan berkontribusi pada kemampuan the ability to create outputs. The acquired
untuk menghasilkan output. Proses yang process is considered substantive if it is critical
diperoleh adalah substantif jika penting bagi to the ability to continue producing outputs, and
kemampuan untuk terus menghasilkan output, the inputs acquired include an organized
dan input yang diperoleh mencakup tenaga workforce with the necessary skills, knowledge,
kerja yang terorganisir dengan keterampilan, or experience to perform that process or it
pengetahuan, atau pengalaman yang significantly contributes to the ability to continue
diperlukan untuk melakukan proses itu atau producing outputs and is considered unique or
secara signifikan berkontribusi pada scarce or cannot be replaced without significant
kemampuan untuk terus menghasilkan output cost, effort, or delay in the ability to continue
dan dianggap unik atau langka atau tidak dapat producing outputs.
diganti tanpa biaya, usaha, atau penundaan
yang signifikan dalam kemampuan untuk terus
menghasilkan output.
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. date.
Dalam suatu kombinasi bisnis yang dilakukan If the business combination is achieved in
secara bertahap, Grup mengukur kembali stages, the acquisition date fair value of the
kepentingan ekuitas yang dimiliki sebelumnya Group’s previously held equity interest in the
pada pihak yang diakuisisi pada nilai wajar acquiree is remeasured to fair value at the
tanggal akuisisi dan mengakui keuntungan atau acquisition date through profit or loss.
kerugian yang dihasilkan.
24
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
d. Kombinasi Bisnis dan Goodwill (lanjutan) d. Business Combinations and Goodwill
(continued)
Setiap imbalan kontinjensi yang akan ditransfer Any contingent consideration to be transferred
oleh Grup akan diakui pada nilai wajar pada by the Group will be recognized at fair value at
tanggal akuisisi. Imbalan kontinjensi yang the acquisition date. Contingent consideration
diklasifikasikan sebagai ekuitas tidak diukur classified as equity is not re-measured and its
kembali dan penyelesaian selanjutnya adalah subsequent settlement is accounted for within
diperhitungkan dalam ekuitas. Imbalan equity. Contingent consideration classified as
kontinjensi yang diklasifikasikan sebagai aset an asset or liability that is a financial instrument
atau liabilitas yaitu instrumen keuangan dan and within the scope of PSAK 109, is measured
dalam lingkup PSAK 109, diukur pada nilai at fair value with the changes in fair value
wajar dengan perubahan nilai wajar yang diakui recognized in the statement of profit or loss in
dalam laba rugi sesuai dengan PSAK 109. accordance with PSAK 109.
Imbalan kontinjensi lain yang tidak termasuk Other contingent consideration that is not within
dalam PSAK 109 diukur sebesar nilai wajar the scope of PSAK 109 is measured at fair
pada setiap tanggal pelaporan dengan value at each reporting date with changes in fair
perubahan nilai wajar yang diakui pada laba value recognized in profit or loss.
rugi.
Bila pencatatan awal kombinasi bisnis belum If the initial accounting for a business
dapat diselesaikan pada tanggal pelaporan, combination is incomplete by the end of the
Grup melaporkan jumlah sementara bagi item reporting, the Group reports provisional
yang pencatatannya belum dapat diselesaikan amounts for the items for which the accounting
tersebut. is incomplete.
Periode pengukuran adalah periode setelah The measurement period is the period after the
tanggal akuisisi yang didalamnya Grup dapat acquisition date during which the Group may
melakukan penyesuaian atas jumlah adjust the provisional amounts recognized for a
sementara yang diakui dalam kombinasi bisnis business combination. During the
tersebut. Selama periode pengukuran, Grup measurement period, the Group recognizes
mengakui penambahan aset atau liabilitas bila additional assets or liabilities if new information
terdapat informasi terbaru yang diperoleh is obtained about facts and circumstances that
mengenai fakta dan keadaan pada tanggal existed as of the acquisition date and, if known,
akuisisi, yang bila diketahui pada saat itu, akan would have resulted in the recognition of those
menyebabkan pengakuan atas aset dan assets and liabilities as of that date.
liabilitas pada tanggal tersebut.
Periode pengukuran berakhir pada saat The measurement period ends as soon as the
pengakuisisi menerima informasi yang acquirer receives the information it was seeking
diperlukan mengenai fakta dan keadaan pada about facts and circumstances that existed as
tanggal akuisisi atau mengetahui bahwa of the acquisition date or learns that more
informasi lainnya tidak dapat diperoleh, namun information is not obtainable but shall not
tidak lebih dari satu tahun dari tanggal akuisisi. exceed one year from the acquisition date.
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 setiap KNP atas selisih jumlah dari the amount recognized for NCI over the net
aset teridentifikasi yang diperoleh dan liabilitas identifiable assets acquired and liabilities
yang diambil alih. assumed.
25
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
d. Kombinasi Bisnis dan Goodwill (lanjutan) d. Business Combinations and Goodwill
(continued)
Jika imbalan tersebut lebih rendah dari nilai If this consideration is lower than the fair value
wajar aset neto entitas anak yang diakuisisi, of the net assets of the subsidiary acquired, the
selisih tersebut diakui pada laba rugi sebagai difference is recognized in profit or loss as gain
keuntungan dari pembelian dengan diskon on bargain purchase after previously assessing
setelah sebelumnya manajemen melakukan the identification and fair value measurement of
penilaian atas identifikasi dan nilai wajar dari the acquired assets and the assumed liabilities.
aset yang diperoleh dan liabilitas yang diambil
alih.
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 pengujian For the purpose of impairment testing, goodwill
penurunan nilai, goodwill yang diperoleh dari acquired in a business combination is, from the
suatu 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 Grup yang diharapkan akan are expected to benefit from the combination,
menerima manfaat dari sinergi kombinasi irrespective of whether other assets or liabilities
tersebut, terlepas dari apakah aset atau of the acquiree are allocated to those CGUs.
liabilitas lain dari pihak yang diakuisisi
dialokasikan kepada UPK tersebut.
Jika goodwill telah dialokasikan pada suatu Where goodwill forms part of a CGU and part of
UPK dan operasi tertentu atas UPK tersebut the operations within that CGU is disposed of,
dihentikan, maka goodwill yang diasosiasikan 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 terhadap bagian disposed of and the portion of the CGU
dari UPK yang ditahan. retained.
Kombinasi bisnis entitas sepengendali Business combinations under common control
Kombinasi bisnis entitas sepengendali dicatat Business combinations under common control
dengan menggunakan metode penyatuan are accounted for using the pooling-of-interests
kepentingan, dimana selisih antara jumlah method, whereby the difference between the
imbalan yang dialihkan dengan jumlah tercatat considerations transferred and the book value
aset neto entitas yang diakuisisi diakui sebagai of the net assets of the acquiree is recognized
bagian dari akun "Tambahan Modal Disetor" as part of "Additional Paid-in Capital" account in
pada laporan posisi keuangan konsolidasian. the consolidated statement of financial position.
Dalam menerapkan metode penyatuan In applying the said pooling-of-interest method,
kepentingan tersebut, unsur-unsur laporan the components of the financial statements of
keuangan dari entitas yang bergabung disajikan the combining entities are presented as if the
seolah-olah penggabungan tersebut telah combination has occurred since the beginning
terjadi sejak awal periode entitas yang of the period of the combining entity become
bergabung berada dalam kesepengendalian. under common control.
26
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Page 307
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
e. Informasi Segmen e. Segment Information
Untuk tujuan manajemen, Grup dibagi menjadi For management purposes, the Group is
dua segmen operasi berdasarkan usaha yang organized into two operating segments based
dikelola secara independen oleh masing- on their business which are independently
masing pengelola segmen yang bertanggung managed by the respective segment managers
jawab atas kinerja dari masing-masing segmen. responsible for the performance of the
Para pengelola segmen melaporkan secara respective segments under their charge. The
langsung kepada manajemen yang secara segment managers report directly to the
teratur mengkaji laba segmen sebagai dasar management who regularly reviews the
untuk mengalokasikan sumber daya ke segment results in order to allocate resources
masing-masing segmen dan untuk menilai to the segments and to assess the segment
kinerja segmen. performance.
Pengungkapan tambahan pada masing-masing Additional disclosures on each of these
segmen terdapat dalam Catatan 37, termasuk segments are shown in Note 37, including the
faktor yang digunakan untuk mengidentifikasi factors used to identify the reportable segments
segmen yang dilaporkan dan dasar and the measurement basis of segment
pengukuran informasi segmen. information.
f. Instrumen Keuangan f. Financial Instruments
Instrumen keuangan adalah setiap kontrak A financial instrument is any contract that gives
yang memberikan aset keuangan bagi satu rise to a financial asset of one entity and a
entitas dan liabilitas keuangan atau ekuitas bagi financial liability or equity instrument of another
entitas lain. entity.
Aset Keuangan Financial Assets
Pengakuan dan Pengukuran Awal Initial Recognition and Measurement
Aset keuangan diklasifikasikan pada saat Financial assets are classified, at initial
pengakuan awal untuk selanjutnya diukur pada recognition, as subsequently measured at
biaya perolehan diamortisasi, nilai wajar amortised cost, fair value through other
melalui penghasilan komprehensif lain comprehensive income (“FVOCI”), and fair
(“NWPKL”), atau nilai wajar melalui laba rugi value through profit or loss (“FVTPL”).
(“NWLR”).
Pada pengakuan awal, Grup mengukur aset At initial recognition, the Group measures a
keuangan pada nilai wajarnya ditambah biaya financial asset at its fair value plus transaction
transaksi, dalam hal aset keuangan tidak diukur costs, in the case of a financial asset not at
pada NWLR. Piutang usaha yang tidak FVTPL. Trade receivables that do not contain a
mengandung komponen pembiayaan yang significant financing component, for which the
signifikan, dimana Grup telah menerapkan cara Group has applied the practical expedient are
praktis, yaitu diukur pada harga transaksi yang measured at the transaction price determined
ditentukan sesuai PSAK 115: Pendapatan dari under PSAK 115: Revenue from contracts with
kontrak dengan pelanggan, seperti customers, as disclosed in Note 2n.
diungkapkan pada Catatan 2n.
Selisih antara harga transaksi dan nilai wajar The difference between the transaction price
aset keuangan pada pengakuan awal and fair value of financial assets upon initial
ditangguhkan bila nilai wajarnya diestimasi recognition is deferred, if the fair value is
menggunakan input yang tidak dapat estimated using unobservable inputs.
diobservasi.
27
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Page 308
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
f. Instrumen Keuangan (lanjutan) f. Financial Instruments (continued)
Aset Keuangan (lanjutan) Financial Assets (continued)
Pengakuan dan Pengukuran Awal (lanjutan) Initial Recognition and Measurement
(continued)
Bila, selain waktu, tidak terdapat faktor lain The deferred loss is amortized using the
yang diidentifikasi oleh pelaku pasar dalam straight-line method if, other than time, there
pertimbangan untuk menentukan harga aset are no factors identified that market participants
keuangan tersebut, kerugian yang would take into account when pricing the
ditangguhkan tersebut diamortisasi dengan financial asset. Any outstanding amount is
menggunakan metode garis lurus. Setiap immediately recognized in profit or loss when
jumlah yang masih tersisa segera diakui dalam the financial asset is derecognized or when the
laba rugi pada saat aset keuangan tersebut inputs becomes observable.
dihentikan pengakuannya atau ketika input
tersebut menjadi dapat diobservasi.
Agar aset keuangan diklasifikasikan dan diukur In order for a financial asset to be classified and
pada biaya perolehan diamortisasi atau measured at amortized cost or FVOCI, it needs
NWPKL, aset keuangan harus menghasilkan to give rise to cash flows that are ‘solely
arus kas yang semata dari pembayaran pokok payments of principal and interest (“SPPI”)’ on
dan bunga (“SPPB”) dari jumlah pokok the principal amount outstanding. This
terutang. Penilaian ini disebut sebagai uji SPPB assessment is referred to as the SPPI test and
dan dilakukan pada tingkat instrumen. is performed at an instrument level.
Model bisnis Grup untuk mengelola aset The Group’s business model for managing
keuangan mengacu pada bagaimana Grup financial assets refers to how the Group
mengelola aset keuangannya untuk manages its financial assets in order to
menghasilkan arus kas. Model bisnis generate cash flows. The business model
menentukan apakah arus kas akan dihasilkan determines whether cash flows will result from
dari pengumpulan arus kas kontraktual, collecting contractual cash flows, selling the
penjualan aset keuangan, atau keduanya. financial assets, or both.
Pengukuran Selanjutnya Subsequent Measurement
Untuk tujuan pengukuran selanjutnya, aset For purposes of subsequent measurement,
keuangan diklasifikasikan dalam empat financial assets are classified in four categories:
kategori:
Aset keuangan pada biaya perolehan Financial assets at amortized cost (debt
diamortisasi (instrumen utang); instruments);
Aset keuangan pada NWPKL dengan Financial assets at FVOCI with recycling of
pendauran laba dan rugi kumulatif cumulative gains and losses (debt
(instrumen utang); instruments);
Aset keuangan pada NWPKL tanpa Financial assets designated at FVOCI with
pendauran laba dan rugi kumulatif setelah no recycling of cumulative gains and
penghentian pengakuan (instrumen losses upon derecognition (equity
ekuitas); dan instruments); and
NWLR. FVTPL.
28
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Page 309
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
f. Instrumen Keuangan (lanjutan) f. Financial Instruments (continued)
Aset Keuangan (lanjutan) Financial Assets (continued)
Pengukuran Selanjutnya (lanjutan) Subsequent Measurement (continued)
Pengukuran selanjutnya dari aset keuangan The subsequent measurement of financial
tergantung kepada klasifikasi masing-masing assets depends on their classification as
aset keuangan seperti berikut ini: described below:
Aset Keuangan pada Biaya Perolehan Financial Assets at Amortized Cost
Diamortisasi (Instrumen Utang) (Debt Instruments)
Grup mengukur aset keuangan pada biaya The Group measures financial assets at
perolehan diamortisasi jika kedua kondisi amortized cost if both of the following conditions
berikut terpenuhi: are met:
Aset keuangan dimiliki dalam model bisnis The financial asset is held within
dengan tujuan untuk memiliki aset a business model with the objective to hold
keuangan dalam rangka mendapatkan financial assets in order to collect
arus kas kontraktual; dan contractual cash flows; and
Persyaratan kontraktual dari aset The contractual terms of the financial asset
keuangan menghasilkan arus kas pada give rise on specified dates to cash flows
tanggal tertentu yang merupakan SPPB that are SPPI on the principal amount
dari jumlah pokok terutang. outstanding.
Aset keuangan yang diukur pada biaya Financial assets at amortized cost are
perolehan diamortisasi selanjutnya diukur subsequently measured using the effective
dengan menggunakan metode suku bunga interest rate (“EIR”) method and are subject to
efektif (“SBE”) dan menjadi subjek penurunan impairment. Gains and losses are recognized in
nilai. Keuntungan dan kerugian diakui dalam profit or loss when the asset is derecognized,
laba rugi pada saat aset dihentikan modified or impaired.
pengakuannya, dimodifikasi atau diturunkan
nilainya.
Aset keuangan Grup pada biaya perolehan The Group’s financial assets at amortized cost
diamortisasi termasuk kas dan bank, piutang include cash on hand and in banks, trade
usaha, piutang lain-lain, investasi pada receivables, other receivables, investment in
instrumen utang, dan aset tidak lancar lainnya debt instruments, and certain other non-current
tertentu. assets.
29
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
f. Instrumen Keuangan (lanjutan) f. Financial Instruments (continued)
Aset Keuangan (lanjutan) Financial Assets (continued)
Penghentian Pengakuan Derecognition
Aset keuangan (atau, sesuai dengan A financial asset (or, where applicable, a part of
kondisinya, bagian dari aset keuangan atau a financial asset or part of a group of similar
bagian dari kelompok aset keuangan serupa) financial assets) is primarily derecognized
terutama dihentikan pengakuannya (i.e., removed from the Group’s consolidated
(yaitu, dihapuskan dari laporan posisi keuangan statement of financial position) when:
konsolidasian Grup) ketika:
Hak untuk menerima arus kas dari aset The rights to receive cash flows from the
telah berakhir; atau asset have expired; or
Grup telah mengalihkan haknya untuk The Group has transferred its rights to
menerima arus kas dari aset atau receive cash flows from the asset or has
menanggung kewajiban untuk membayar assumed an obligation to pay the received
arus kas yang diterima tersebut secara cash flows in full without material delay to
penuh tanpa penundaan yang material a third party under a ‘pass-through’
kepada pihak ketiga berdasarkan arrangement; and either (a) the Group has
kesepakatan ‘pass-through’, dan salah transferred substantially all the risks and
satu dari (a) Grup telah mengalihkan rewards of the asset, or (b) the Group has
secara substansial seluruh risiko dan neither transferred nor retained
manfaat atas aset, atau (b) Grup tidak substantially all the risks and rewards of
mengalihkan maupun tidak memiliki secara the asset, but has transferred control of
substansial atas seluruh risiko dan manfaat the asset.
atas aset, tetapi telah mengalihkan kendali
atas aset.
Ketika Grup telah mengalihkan haknya untuk When the Group has transferred its rights to
menerima arus kas dari suatu aset atau telah receive cash flows from an asset or has entered
menandatangani kesepakatan ‘pass-through’, into a pass-through arrangement, it evaluates if,
Grup mengevaluasi jika, dan sejauh mana, and to what extent, it has retained the risks and
Grup masih mempertahankan risiko dan rewards of ownership. When it has neither
manfaat atas kepemilikan aset. Ketika Grup transferred nor retained substantially all of the
tidak mengalihkan maupun seluruh risiko dan risks and rewards of the asset, nor transferred
manfaat atas aset dipertahankan secara control of the asset, the Group continues to
substansial, maupun tidak mengalihkan kendali recognize the transferred asset to the extent of
atas aset, Grup tetap mengakui its continuing involvement. In that case, the
aset yang dialihkan sebesar keterlibatan Group also recognizes an associated liability.
berkelanjutannya. Dalam kasus tersebut, Grup The transferred asset and the associated
juga mengakui liabilitas terkait. Aset yang liability are measured on a basis that reflects
dialihkan dan liabilitas terkait diukur dengan the rights and obligations that the Group has
basis yang mencerminkan hak dan kewajiban retained.
yang masih dipertahankan oleh Grup.
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
f. Instrumen Keuangan (lanjutan) f. Financial Instruments (continued)
Aset Keuangan (lanjutan) Financial Assets (continued)
Penghentian Pengakuan (lanjutan) Derecognition (continued)
Keterlibatan berkelanjutan dalam bentuk Continuing involvement that takes the form of a
jaminan atas aset yang ditransfer, diukur pada guarantee over the transferred asset is
nilai yang lebih rendah antara jumlah tercatat measured at the lower of the original carrying
awal aset dan jumlah maksimum imbalan yang amount of the asset and the maximum amount
dibutuhkan oleh Grup untuk membayar of consideration that the Group could be
kembali. required to repay.
Penurunan Nilai Impairment
Grup mengakui penyisihan Kerugian Kredit The Group recognizes an allowance for
Ekspektasian (“KKE”) untuk semua instrumen Expected Credit Loss (“ECL”) for all debt
utang yang bukan diukur pada NWLR dan instruments not held at FVTPL and financial
kontrak jaminan keuangan. KKE ditentukan guarantee contracts. ECLs are based on the
atas perbedaan antara arus kas kontraktual difference between the contractual cash flows
menurut kontrak dan semua arus kas yang due in accordance with the contract and all the
diharapkan akan diterima oleh Grup, yang cash flows that the Group expects to receive,
didiskontokan dengan perkiraan SBE orisinal. discounted at an approximation of the original
Arus kas yang diharapkan mencakup setiap EIR. The expected cash flows include any cash
arus kas dari penjualan agunan yang dimiliki flows from the sale of collateral held or other
atau perbaikan kredit lainnya yang merupakan credit enhancements that are integral to the
bagian yang tidak terpisahkan dalam ketentuan contractual terms.
kontrak.
KKE diakui dalam dua tahap. Bila belum ECLs are recognized in two stages. When there
terdapat peningkatan risiko kredit signifikan has not been a significant increases in credit
sejak pengakuan awal, KKE diakui untuk risks since initial recognition, ECLs are
kerugian kredit yang dihasilkan dari peristiwa provided for credit losses that result from
gagal bayar yang mungkin terjadi dalam jangka default events that are possible within the next
waktu 12 bulan ke depan (KKE 12 bulan). 12-months (a 12-month ECL). But, when there
Namun, bila telah terdapat peningkatan have been significant increases in credit risks
signifikan risiko kredit sejak pengakuan awal, since initial recognition, a loss allowance is
penyisihan kerugian diakui untuk kerugian recognized for credit losses expected over the
kredit yang diperkirakan selama sisa umur aset, remaining life of the asset, irrespective of timing
tanpa mempertimbangkan waktu gagal bayar of the default (a lifetime ECL).
(KKE sepanjang umurnya).
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
f. Instrumen Keuangan (lanjutan) f. Financial Instruments (continued)
Aset Keuangan (lanjutan) Financial Assets (continued)
Penurunan Nilai (lanjutan) Impairment (continued)
Karena piutang usaha dan piutang lain-lainnya Because its trade and other receivables do not
tidak memiliki komponen pembiayaan contain significant financing component, the
signifikan, Grup menerapkan pendekatan yang Group applies a simplified approach in
disederhanakan dalam perhitungan KKE. Oleh calculating ECL. Therefore, the Group does not
karena itu, Grup tidak menelusuri perubahan track changes in credit risk, but instead
dalam risiko kredit, namun justru mengakui recognizes a loss allowance based on lifetime
penyisihan kerugian berdasarkan KKE ECL at each reporting date. The Group
sepanjang umurnya pada setiap tanggal established a provision matrix that is based on
pelaporan. Grup membentuk matriks provisi its historical credit loss experience, adjusted for
berdasarkan pengalaman kerugian kredit masa forward-looking factors specific to the debtors
lampau, disesuaikan dengan perkiraan masa and the economic environment.
depan (forward-looking) atas faktor yang
spesifik untuk debitur dan lingkungan ekonomi.
Untuk instrumen utang pada NWPKL, Grup For debt instruments at FVOCI, the Group
menerapkan penyederhanaan sehubungan applies the low credit risk simplification. At
dengan risiko kredit rendah. Setiap tanggal every reporting date, the Group evaluates
pelaporan, Grup mengevaluasi apakah whether the debt instrument is considered to
instrumen utang tersebut dianggap memiliki have low credit risk using all reasonable and
risiko kredit rendah dengan menggunakan supportable information that is available without
semua informasi yang wajar dan terdukung undue cost or effort. In making that evaluation,
yang tersedia tanpa biaya atau usaha yang the Group reassesses the internal credit rating
berlebihan. Dalam melakukan evaluasi of the debt instrument. In addition, the Group
tersebut, Grup menilai kembali peringkat kredit considers that there has been a significant
internal dari instrumen utang tersebut. Selain increase in credit risk when contractual
itu, Grup mempertimbangkan bahwa telah payments are more than 90 days past due.
terjadi peningkatan risiko kredit secara
signifikan ketika pembayaran kontraktual lebih
dari 90 hari dari tanggal jatuh tempo.
Liabilitas Keuangan Financial Liabilities
Pengakuan dan Pengukuran Awal Initial Recognition and Measurement
Liabilitas keuangan diklasifikasikan, pada Financial liabilities are classified, at initial
pengakuan awal, sebagai liabilitas keuangan recognition, as financial liabilities at FVTPL,
yang diukur pada NWLR, utang dan pinjaman, loans and borrowings, payables and accruals,
utang dan akrual, atau derivatif yang ditetapkan or as derivatives designated as hedging
sebagai instrumen lindung nilai dalam lindung instruments in an effective hedge, as
nilai yang efektif, sesuai dengan kondisinya. appropriate.
Semua liabilitas keuangan diakui pada nilai All financial liabilities are recognized initially at
wajar saat pengakuan awal dan, dalam hal fair value and, in the case of loans and
liabilitas keuangan diklasifikasi sebagai utang borrowings and payables, net of directly
dan pinjaman, diakui pada nilai wajar setelah attributable transaction costs.
dikurangi biaya transaksi yang dapat
diatribusikan secara langsung.
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
f. Instrumen Keuangan (lanjutan) f. Financial Instruments (continued)
Liabilitas Keuangan (lanjutan) Financial Liabilities (continued)
Pengakuan dan Pengukuran Awal (lanjutan) Initial Recognition and Measurement
(continued)
Grup menetapkan liabilitas keuangannya The Group designates its financial liabilities as
sebagai utang dan pinjaman, seperti utang loans and borrowings, such as trade payables,
usaha, utang lain-lain, beban akrual, liabilitas other payables, accrued expenses, short-term
imbalan kerja jangka pendek, liabilitas sewa, employee benefits liability, lease liabilities, and
dan utang bank jangka panjang. long-term bank loans.
Pengukuran Selanjutnya Subsequent Measurement
Pengukuran selanjutnya dari liabilitas The subsequent measurement of financial
keuangan ditentukan oleh klasifikasinya liabilities depends on their classification as
sebagai berikut: described below:
Liabilitas keuangan pada biaya perolehan Financial liabilities at amortized cost (Loans
diamortisasi (Utang dan pinjaman) and borrowings)
a. Utang dan Pinjaman Jangka Panjang yang a. Long-term Interest-bearing Loans and
Dikenakan Bunga Borrowings
Setelah pengakuan awal, utang dan Subsequent to initial recognition, long-term
pinjaman jangka panjang yang berbunga interest-bearing loans and borrowings are
diukur pada biaya perolehan yang measured at amortized acquisition costs
diamortisasi dengan menggunakan using EIR method. At the reporting dates,
metode SBE. Pada tanggal pelaporan, accrued interest is recorded separately
biaya bunga yang masih harus dibayar from the associated borrowings within the
dicatat secara terpisah, dari pokok current liabilities section. Gains and losses
pinjaman terkait, dalam bagian liabilitas are recognized in the profit or loss when
jangka pendek. Keuntungan dan kerugian the liabilities are derecognized as well as
diakui pada laba rugi ketika liabilitas through the EIR amortization process.
dihentikan pengakuannya maupun melalui
proses amortisasi menggunakan metode
SBE.
Biaya amortisasi dihitung dengan Amortized cost is calculated by taking into
mempertimbangkan setiap diskonto atau account any discount or premium on
premium atas akuisisi dan komisi atau acquisition and fees or costs that are an
biaya yang merupakan bagian tidak integral part of the EIR. The EIR
terpisahkan dari SBE. Amortisasi SBE amortization is included in finance costs in
dicatat sebagai beban keuangan pada laba the profit or loss.
rugi.
b. Utang dan Akrual b. Payables and Accruals
Liabilitas untuk utang usaha dan utang lain- Liabilities for current trade and other
lain jangka pendek, biaya masih harus accounts payable, accrued expenses and
dibayar dan liabilitas imbalan kerja jangka short-term employee benefit liability are
pendek dinyatakan sebesar jumlah tercatat stated at carrying amounts (notional
(jumlah nosional), yang kurang lebih amounts), which approximate their fair
sebesar nilai wajarnya. values.
33
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
f. Instrumen Keuangan (lanjutan) f. Financial Instruments (continued)
Liabilitas Keuangan (lanjutan) Financial Liabilities (continued)
Penghentian Pengakuan Derecognition
Suatu liabilitas keuangan dihentikan A financial liability is derecognized when the
pengakuannya pada saat kewajiban yang obligation under the contract is discharged or
ditetapkan dalam kontrak berakhir atau cancelled or expires.
dibatalkan atau kadaluwarsa.
Ketika sebuah liabilitas keuangan ditukar When an existing financial liability is replaced
dengan liabilitas keuangan lain dari pemberi by another from the same lender on
pinjaman yang sama atas persyaratan yang substantially different terms, or the terms of an
secara substansial berbeda, atau bila existing liability are substantially modified, such
persyaratan dari liabilitas keuangan tersebut an exchange or modification is treated as
secara substansial dimodifikasi, pertukaran derecognition of the original liability and
atau modifikasi persyaratan tersebut dicatat recognition of a new liability, and the difference
sebagai penghentian pengakuan liabilitas in the respective carrying amounts is
keuangan orisinal dan pengakuan liabilitas recognized in the profit or loss.
keuangan baru, dan selisih antara nilai tercatat
masing-masing liabilitas keuangan tersebut
diakui pada laba rugi.
Saling Hapus Instrumen Keuangan Offsetting of Financial Instruments
Aset keuangan dan liabilitas keuangan disaling Financial assets and financial liabilities are
hapuskan dan nilai netonya disajikan dalam offset, and the net amount reported in the
laporan posisi keuangan konsolidasian jika, consolidated statement of financial position if,
dan hanya jika, terdapat hak secara hukum and only if, there is a currently enforceable legal
untuk melakukan saling hapus atas jumlah right to offset the recognized amounts and there
tercatat dari aset keuangan dan liabilitas is an intention to settle on a net basis, or to
keuangan tersebut dan terdapat intensi untuk realize the assets and settle the liabilities
menyelesaikan secara neto, atau untuk simultaneously.
merealisasikan aset dan menyelesaikan
liabilitas secara bersamaan.
g. Kas dan Bank g. Cash on Hand and in Banks
Kas dan bank dalam laporan posisi keuangan Cash on hand and in banks in the statements
konsolidasian yang terdiri dari kas dan bank of consolidated financial position comprise
yang jatuh tempo dalam waktu tiga (3) bulan cash on hand and in banks with a maturity of
atau kurang, yang dapat segera dikonversikan three (3) months or less, that are readily
menjadi kas dalam jumlah yang dapat convertible to a known amount of cash and
ditentukan dan memiliki risiko perubahan nilai subject to an insignificant risk of changes in
yang tidak signifikan. value.
h. Transaksi dengan Pihak Berelasi h. Transactions with Related Parties
Perusahaan dan entitas anaknya melakukan The Company and subsidiaries have
transaksi dengan pihak berelasi sesuai transactions with related parties as defined in
dengan definisi yang diuraikan pada PSAK 224: Related Party Disclosures.
PSAK 224: Pengungkapan Pihak-pihak
Berelasi.
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included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
h. Transaksi dengan Pihak Berelasi (lanjutan) h. Transactions with Related Parties
(continued)
Transaksi ini dilakukan berdasarkan The transactions are made based on terms
persyaratan yang disetujui oleh kedua belah agreed by the parties, which may not be the
pihak, yang mungkin tidak sama dengan same as those made with unrelated parties.
transaksi lain yang dilakukan dengan pihak- Significant transactions and balances with
pihak yang tidak berelasi. Transaksi dan saldo related parties are disclosed in Note 35.
yang material dengan pihak berelasi
diungkapkan dalam Catatan 35.
Kecuali diungkapkan khusus sebagai pihak Unless specifically identified as related parties,
berelasi, maka pihak-pihak lain yang the parties disclosed in the Notes to the
disebutkan dalam Catatan atas laporan consolidated financial statements are unrelated
keuangan konsolidasian merupakan pihak tidak parties.
berelasi.
i. Persediaan i. Inventories
Persediaan dinyatakan sebesar nilai yang lebih Inventories are valued at the lower of cost or net
rendah antara biaya perolehan atau nilai realizable value. Cost is calculated using
realisasi neto. Biaya perolehan ditentukan weighted-average method. Net realizable value
dengan menggunakan metode rata-rata is the estimated selling price in the ordinary
tertimbang. Nilai realisasi neto persediaan course of business, less estimated costs of
adalah estimasi harga jual dalam kegiatan completion and the estimated costs necessary
usaha biasa dikurangi estimasi biaya to make the sale.
penyelesaian dan estimasi biaya yang
diperlukan untuk membuat penjualan.
Bahan bakar dinilai dengan harga perolehan Fuel are valued at cost, determined using the
dan ditentukan dengan menggunakan metode weighted average cost method.
rata-rata tertimbang.
Biaya yang dikeluarkan untuk setiap produk Costs incurred in bringing each product to its
agar berada pada lokasi dan kondisi siap untuk present location and condition are accounted
dijual dicatat sebagai berikut: for as follows:
i) Bahan baku, batubara dan suku cadang; i) Raw materials, coal and spare parts;
harga pembelian; dan purchase costs; and
ii) Barang jadi dan goods in transit: biaya ii) Finished goods and goods in transit: cost of
bahan baku, tenaga kerja langsung, biaya direct materials, labor, maintenance costs
pemeliharaan dan bagian proporsional dari and a proportion of manufacturing
beban overhead berdasarkan kapasitas overheads based on normal operating
operasi normal namun tidak termasuk capacity but excluding borrowing costs.
biaya pinjaman.
35
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
j. Aset Tetap j. Fixed Assets
Aset tetap pada awalnya diakui sebesar biaya Fixed assets are initially recognized at cost,
perolehan, yang terdiri atas harga perolehan which comprises its purchase price and any
dan biaya-biaya tambahan yang dapat costs directly attributable in bringing the asset
diatribusikan langsung untuk membawa aset ke to its working condition and to the location
lokasi dan kondisi yang diinginkan agar aset where it is intended to be used. Such cost also
siap digunakan sesuai maksud manajemen. includes the cost of replacing part of such fixed
Biaya perolehan tersebut juga termasuk biaya assets when that cost is incurred, if the
untuk mengganti komponen dari aset tetap recognition criteria are met.
pada saat penggantian, bila kriteria pengakuan
terpenuhi.
Semua biaya pemeliharaan dan perbaikan yang All other repairs and maintenance costs that do
tidak memenuhi kriteria pengakuan diakui not meet the recognition criteria are recognized
dalam laporan laba rugi dan penghasilan in the consolidated statement of profit or loss
komprehensif lain konsolidasian pada saat and other comprehensive income as incurred.
terjadinya.
Setelah pengakuan awal, aset ini dinyatakan Subsequent to initial recognition, these assets
pada biaya perolehan dikurangi akumulasi are carried at cost less any subsequent
penyusutan dan kerugian penurunan nilai. accumulated depreciation and impairment
losses.
Penyusutan aset dimulai pada saat aset Depreciation of an asset is commenced when
tersebut siap untuk digunakan sesuai maksud the asset is available for use in the manner
penggunaannya oleh Grup dan dihitung dengan intended by the Group and is computed using
menggunakan metode garis lurus berdasarkan the straight-line method based on the estimated
estimasi masa manfaat ekonomis sebagai useful lives of the assets as follow:
berikut:
Tahun/Year
Bangunan dan prasarana 10 - 20 Building and infrastructures
Alat berat 8 Heavy equipment
Mesin 3 - 16 Machineries
Kendaraan 4-8 Vehicles
Peralatan laboratorium 4-8 Laboratory equipment
Peralatan kantor 4-8 Office equipment
Peralatan produksi 4-8 Production equipment
Jumlah tercatat aset ini direviu atas penurunan The carrying amounts of these assets are
nilai jika terdapat peristiwa atau perubahan reviewed for impairment when events or
keadaan yang mengindikasikan bahwa jumlah changes in circumstances indicate that their
tercatat mungkin tidak dapat seluruhnya carrying values may not be fully recoverable.
terealisasi.
Jumlah tercatat komponen dari suatu aset The carrying amount of an item of these assets
dihentikan pengakuannya pada saat dilepaskan is derecognized upon disposal or when no
atau saat sudah tidak ada lagi manfaat ekonomi future economic benefits are expected from its
masa depan yang diharapkan dari penggunaan use or disposal. Any gain or loss arising from
maupun pelepasannya. Keuntungan atau the derecognition of the asset (calculated as the
kerugian yang timbul dari penghentian difference between the net disposal proceeds
pengakuan tersebut (ditentukan sebesar selisih and the carrying amount of the asset) is directly
antara jumlah hasil pelepasan neto dan jumlah included in the profit or loss of year the item is
tercatatnya) dimasukkan ke dalam laba rugi derecognized.
pada tahun penghentian pengakuan tersebut
dilakukan.
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included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
j. Aset Tetap (lanjutan) j. Fixed Assets (continued)
Nilai residu, umur manfaat dan metode The residual values, useful lives and
penyusutan aset tetap dievaluasi setiap akhir depreciation method of fixed assets are
tahun pelaporan dan disesuaikan secara reviewed at the end of each reporting year and
prospektif jika dipandang perlu. adjusted prospectively, if necessary.
Aset dalam pembangunan dicatat sebesar Constructions in-progress are stated at cost,
biaya perolehan, yang mencakup kapitalisasi including capitalized borrowing costs and other
beban pinjaman dan biaya-biaya lainnya yang charges incurred in connection with the
terjadi sehubungan dengan pendanaan aset financing of the said asset constructions. The
tetap dalam pembangunan tersebut. Akumulasi accumulated costs will be reclassified to the
biaya perolehan akan direklasifikasi ke akun appropriate “Fixed Assets” account when the
“Aset Tetap” yang bersangkutan pada saat aset construction is completed. Construction in
tetap tersebut telah selesai dikerjakan dan siap progress are not depreciated until they fulfill
untuk digunakan. Aset dalam pembangunan criteria for recognition as fixed assets as
tidak disusutkan sampai memenuhi syarat disclosed above.
pengakuan sebagai aset tetap seperti
diungkapkan di atas.
Beban pemeliharaan dan perbaikan Repairs and maintenance expenses are taken
dibebankan pada laba rugi pada saat to the profit or loss when they are incurred. The
terjadinya. Beban pemugaran dan cost of major renovation and restoration is
penambahan dalam jumlah besar dikapitalisasi included in the carrying amount of the related
kepada jumlah tercatat aset terkait bila besar asset when it is probable that future economic
kemungkinan bagi Grup manfaat ekonomi benefits in excess of the originally assessed
masa depan menjadi lebih besar dari standar standard of performance of the existing asset
kinerja awal yang ditetapkan sebelumnya dan will flow to the Group and is depreciated over
disusutkan sepanjang sisa masa manfaat aset the remaining useful life of the related asset.
terkait.
k. Penurunan Nilai Aset Non-keuangan k. Impairment of Non-financial Asset
Pada setiap tanggal pelaporan, Grup menilai The Group assesses at the each reporting date
apakah terdapat indikasi suatu aset mengalami whether there is an indication that an asset may
penurunan nilai. Jika terdapat indikasi tersebut be impaired. If any such indication exists or
atau pada saat pengujian penurunan nilai aset when annual impairment testing for an asset
(yaitu aset takberwujud dengan umur manfaat (i.e. an intangible asset with an indefinite useful
tidak terbatas, aset takberwujud yang belum life, an intangible asset not yet available for use,
dapat digunakan, atau goodwill yang diperoleh or goodwill acquired in a business combination)
dalam suatu kombinasi bisnis) diperlukan, is required, the Group makes an estimate of the
maka Grup membuat estimasi formal jumlah asset’s recoverable amount.
terpulihkan aset tersebut.
Jumlah terpulihkan yang ditentukan untuk aset An asset’s recoverable amount is the higher of
individual adalah jumlah yang lebih tinggi antara an asset’s or CGU’s fair value less costs to sell
nilai wajar aset atau UPK dikurangi biaya untuk and its value in use, and is determined for an
menjual dengan nilai pakainya, kecuali aset individual asset, unless the asset does not
tersebut tidak menghasilkan arus kas masuk generate cash inflows that are largely
yang sebagian besar independen dari aset atau independent of those from other assets or
kelompok aset lain. Jika nilai tercatat aset atau groups of assets. Where the carrying amount of
UPK lebih besar daripada jumlah an asset or CGU exceeds its recoverable
terpulihkannya, maka aset tersebut amount, the asset is considered impaired and is
dipertimbangkan mengalami penurunan nilai written down to its recoverable amount.
dan nilai tercatat aset diturunkan menjadi
sebesar jumlah terpulihkannya.
37
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
k. Penurunan Nilai Aset Non-keuangan k. Impairment of Non-financial Asset
(lanjutan) (continued)
Grup mendasarkan perhitungan penurunan The Group bases its impairment calculation on
nilai pada rincian perhitungan anggaran atau detailed budgets and forecast calculations
prakiraan yang disusun secara terpisah untuk which are prepared separately for each of the
masing-masing UPK Grup atas aset individual Group’s CGUs to which the individual assets
yang dialokasikan. Perhitungan anggaran dan are allocated. These budgets and forecast
prakiraan ini secara umum mencakup periode calculations are generally covering a period of
selama lima atau sepuluh tahun sesuai dengan five or ten year in accordance with the stability
stabilitas arus kas perkebunan terkait. Setelah of each estate’s cash flows. Beyond the
periode yang dianggarkan proyeksi arus kas forecasted period, the estimated cash flows are
diestimasi dengan melakukan ekstrapolasi determined by extrapolating the forecasted
proyeksi yang dianggarkan dengan cash flows using a steady long term growth
menggunakan tingkat pertumbuhan jangka rate.
panjang yang tetap.
Dalam menghitung nilai pakai, estimasi arus In assessing the value in use, the estimated net
kas masa depan neto didiskontokan ke nilai kini future cash flows are discounted to their present
dengan menggunakan tingkat diskonto value using a pre-tax discount rate that reflects
sebelum pajak yang menggambarkan 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. In
spesifik atas aset. Dalam menentukan nilai determining fair value less costs to sell, recent
wajar dikurangi biaya untuk menjual, digunakan market transactions are taken into account, if
harga penawaran pasar terakhir, jika tersedia. available. If no such transactions can be
Jika tidak terdapat transaksi tersebut, Grup identified, an appropriate valuation model is
menggunakan model penilaian yang sesuai used to determine the fair value of the assets.
untuk menentukan nilai wajar aset. These calculations are corroborated by
Perhitungan-perhitungan ini dikuatkan oleh valuation multiples or other available fair value
penilaian berganda atau indikator nilai wajar indicators.
yang tersedia.
Kerugian penurunan nilai dari operasi yang Impairment losses of continuing operations, if
berkelanjutan, jika ada, diakui pada laba rugi any, are recognized in the profit or loss in those
sesuai dengan kategori biaya yang konsisten expense categories consistent with the
dengan fungsi dari aset yang diturunkan functions of the impaired asset.
nilainya.
Untuk aset selain goodwill, penilaian dilakukan For assets excluding goodwill, an assessment
pada akhir setiap tanggal pelaporan apakah is made at each reporting date as to whether
terdapat indikasi bahwa rugi penurunan nilai there is any indication that previously
yang telah diakui dalam tahun sebelumnya recognized impairment losses may no longer
mungkin tidak ada lagi atau mungkin telah exist or may have decreased. If such indication
menurun. Jika indikasi dimaksud ditemukan, exists, the asset’s or CGU’s recoverable
maka entitas mengestimasi jumlah terpulihkan amount is estimated. A previously recognized
aset atau UPK tersebut. Kerugian penurunan impairment loss for an asset other than goodwill
nilai yang telah diakui dalam tahun sebelumnya is reversed only if there has been a change in
untuk aset selain goodwill dibalik hanya jika the assumptions used to determine the asset’s
terdapat perubahan asumsi-asumsi yang recoverable amount since the last impairment
digunakan untuk menentukan jumlah loss was recognized.
terpulihkan aset tersebut sejak rugi penurunan
nilai terakhir diakui.
38
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
k. Penurunan Nilai Aset Non-keuangan k. Impairment of Non-financial Asset
(lanjutan) (continued)
Dalam hal ini, jumlah tercatat aset dinaikkan ke If that is the case, the carrying amount of the
jumlah terpulihkannya. Pembalikan tersebut asset is increased to its recoverable amount.
dibatasi sehingga jumlah tercatat aset tidak The reversal is limited so that the carrying
melebihi jumlah terpulihkannya maupun jumlah amount of the assets does not exceed its
tercatat, neto setelah penyusutan, seandainya recoverable amount, nor exceed the carrying
tidak ada rugi penurunan nilai yang telah diakui amount that would have been determined, net
untuk aset tersebut pada periode/tahun of depreciation, had no impairment loss been
sebelumnya. Pembalikan rugi penurunan nilai recognized for the asset in prior periods/year.
diakui pada laba rugi. Setelah pembalikan Reversal of an impairment loss is recognized in
tersebut, penyusutan aset tersebut disesuaikan the profit or loss. After such a reversal, the
di periode mendatang untuk mengalokasikan depreciation charge on the said asset is
jumlah tercatat aset yang direvisi, dikurangi nilai adjusted in future periods to allocate the asset’s
sisanya, dengan dasar yang sistematis selama revised carrying amount, less any residual
sisa umur manfaatnya. value, on a systematic basis over its remaining
useful life.
Goodwill diuji untuk penurunan nilai setiap Goodwill is tested for impairment annually and
tahun dan ketika terdapat indikasi bahwa nilai when circumstances indicate that the carrying
tercatatnya mungkin mengalami penurunan value may be impaired. Impairment is
nilai. Penurunan nilai bagi goodwill ditetapkan determined for goodwill by assessing the
dengan menentukan jumlah tercatat tiap UPK recoverable amount of each CGU (or group of
(atau kelompok UPK) terkait dari goodwill CGUs) to which the goodwill relates. Where the
tersebut. Jika jumlah terpulihkan UPK kurang recoverable amount of the CGU is less than their
dari jumlah tercatatnya, rugi penurunan nilai carrying amount, an impairment loss is
diakui. Rugi penurunan nilai terkait goodwill recognized. Impairment losses relating to
tidak dapat dibalik pada tahun berikutnya. goodwill cannot be reversed in future year.
Manajemen berpendapat bahwa tidak ada The management believes that there is no
indikasi penurunan nilai pada aset tetap, indication of impairment in values for fixed
aset hak-guna, aset eksplorasi dan evaluasi, assets, right of use assets, exploration and
properti pertambangan, dan aset non- evaluation assets, mining properties and other
keuangan tidak lancar lainnya yang disajikan non-current non-financial assets presented in
dalam laporan posisi keuangan konsolidasian the consolidated statement of financial position
pada tanggal 31 Desember 2025 dan 2024. as of December 31, 2025 and 2024.
l. Biaya Pinjaman l. Borrowing Costs
Biaya pinjaman terdiri dari beban bunga dan Borrowing costs consist of interest expenses
biaya lain yang ditanggung Grup sehubungan and other financing charges that the Group
dengan peminjaman dana. Biaya pinjaman incurs in connection with the borrowing funds.
yang dapat diatribusikan langsung dengan Borrowing costs that are directly attributable to
perolehan, pembangunan atau pembuatan aset the acquisition, construction or production of a
kualifikasian dikapitalisasi sebagai bagian biaya qualifying asset are capitalized as part of the
perolehan aset tersebut. Biaya pinjaman cost of the related asset. All other borrowing
lainnya diakui sebagai beban pada saat terjadi costs are recognized as expenses when
Grup. incurred.
39
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Page 320
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
m. Aset Eksplorasi dan Evaluasi dan Properti m. Exploration and Evaluation Assets and
Pertambangan Mining Properties
Pengeluaran Sebelum Perolehan Izin Pre-license Costs
Pengeluaran yang dilakukan sebelum Pre-license costs are expensed in the period in
perolehan izin penambangan dibebankan pada which they are incurred.
saat terjadinya.
Pengeluaran untuk Eksplorasi dan Evaluasi Exploration and Evaluation Expenditures
Pengeluaran untuk eksplorasi dan evaluasi Exploration and evaluation expenditures are
dikapitalisasi dan diakui sebagai “aset capitalized and recognized as “exploration and
eksplorasi dan evaluasi” untuk setiap daerah evaluation assets” for each area of interest
pengembangan (area of interest) apabila izin when mining rights are obtained and still
pertambangan telah diperoleh dan masih valid and: (i) the costs are expected to be
berlaku dan: (i) biaya tersebut diharapkan dapat recouped through successful development and
diperoleh kembali melalui keberhasilan exploitation of the area of interest, or (ii) where
pengembangan dan eksploitasi daerah activities in the area of interest have not
pengembangan, atau (ii) apabila kegiatan reached the stage that allow a reasonable
tersebut belum mencapai tahap yang assessment of the existence of economically
memungkinkan untuk menentukan adanya recoverable reserves, and active and significant
cadangan terbukti yang secara ekonomis dapat operations in, or in relation to, the area of
diperoleh, serta kegiatan yang aktif dan interest are continuing.
signifikan, dalam daerah pengembangan terkait
masih berlangsung.
Pengeluaran ini meliputi penggunaan bahan These expenditures include materials and fuel
pembantu dan bahan bakar, biaya survei, biaya used, surveying costs, drilling and stripping
pengeboran dan pengupasan tanah sebelum costs before the commencement of production
dimulainya tahap produksi dan pembayaran stage and payments made to contractors.
kepada kontraktor. Setelah pengakuan awal, Exploration and evaluation assets are
aset eksplorasi dan evaluasi dicatat subsequently measured using cost model and
menggunakan model biaya dan diklasifikasikan classified as tangible assets, unless they are
sebagai aset berwujud, kecuali memenuhi qualified to be recognized as intangible asset.
syarat untuk diakui sebagai aset takberwujud.
Pemulihan aset eksplorasi dan evaluasi The ultimate recoupment of deferred
tergantung pada keberhasilan pengembangan exploration expenditure is dependent upon
dan eksploitasi komersial daerah successful development and commercial
pengembangan tersebut. Aset eksplorasi dan exploitation of the related area of interest.
evaluasi diuji untuk penurunan nilai bila fakta Exploration and evaluation assets shall be
dan kondisi mengindikasikan bahwa jumlah assessed for impairment when facts and
tercatatnya mungkin melebihi jumlah circumstances suggest that the carrying
terpulihkannya. Dalam keadaan tersebut, maka amount of the assets may exceed its
entitas harus mengukur, menyajikan dan recoverable amount. In such a case, an entity
mengungkapkan rugi penurunan nilai terkait shall measure, present and disclose any
sesuai dengan PSAK 236 “Penurunan Nilai resulting impairment losses in accordance with
Aset”. PSAK 236 “Impairment of Assets”.
Aset eksplorasi dan evaluasi ditransfer ke Exploration and evaluation assets are
“Tambang dalam Pengembangan” pada akun transferred to “Mines under Construction” in the
“Properti Pertambangan” setelah ditetapkan “Mining Properties” account after the mines are
bahwa tambang memiliki nilai ekonomis untuk determined to be economically viable to be
dikembangkan. developed.
40
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
m. Aset Eksplorasi dan Evaluasi dan Properti m. Exploration and Evaluation Assets and
Pertambangan (lanjutan) Mining Properties (continued)
Pengeluaran untuk Eksplorasi dan Evaluasi Exploration and Evaluation Expenditures
(lanjutan) (continued)
Deplesi tambang pada tahap produksi adalah Depletion of producing mines is based on “unit-
berdasarkan metode “unit produksi” sejak of-production” method from the date of
daerah pengembangan tersebut telah commercial production of the respective area of
berproduksi secara komersial, selama periode interest over the lesser of the life of the mine
waktu yang lebih pendek antara umur tambang and the remaining terms of IUP.
dan sisa berlakunya IUP.
Pengeluaran untuk Tambang dalam Expenditures for Mines under Construction
Pengembangan
Pengeluaran untuk tambang dalam Expenditures for mines under construction and
pengembangan dan biaya-biaya lain yang incorporated costs in developing an area of
terkait dengan pengembangan suatu daerah interest subsequent to the transfer from
pengembangan setelah transfer dari aset exploration and evaluation assets but prior to
eksplorasi dan evaluasi namun sebelum the commencement of production stage in the
dimulainya tahap produksi pada area yang respective area, are capitalized to “Mines under
bersangkutan, dikapitalisasi ke “Tambang Construction” as long as they meet the
dalam Pengembangan” sepanjang memenuhi capitalization criteria.
kriteria kapitalisasi.
Tambang pada Tahap Produksi Producing Mines
Pada saat tambang dalam pengembangan Upon completion of mines under construction
diselesaikan dan tahap produksi dimulai, and the production stage is commenced, the
tambang dalam pengembangan ditransfer ke mines under construction are transferred into
“Tambang pada Tahap Produksi” pada akun “Producing Mines” in the “Mining Properties”
“Properti Pertambangan”, yang dicatat pada account, which are stated at cost, less depletion
nilai perolehan, dikurangi deplesi dan and accumulated impairment losses.
akumulasi rugi penurunan nilai.
n. Pendapatan dari Kontrak dengan Pelanggan n. Revenue from Contracts with Customers
dan Pengakuan Beban and Recognition of Expenses
Pengakuan Pendapatan Revenue Recognition
Penjualan Bijih Nikel dan Feronikel Sales of Nickel Ore and Ferronickel
Pendapatan dari kontrak dengan pelanggan Revenue from contracts with customers for
untuk penjualan bijih nikel dan feronikel diakui sales of nickel ore and ferronickel are
ketika pengendalian atas bijih nikel dan recognized when control of the nickel ore and
feronikel dialihkan kepada pelanggan pada ferronickel are transferred to the customers at
suatu jumlah yang mencerminkan imbalan yang an amount that reflects the consideration to
diharapkan Grup sebagai imbalan atas barang which the Group expects to be entitled in
tersebut. Grup secara umum menyimpulkan exchange for those goods or services. The
bahwa mereka adalah prinsipal dalam Group has generally concluded that they are
pengaturan pendapatannya. the principal in its revenue arrangements.
Kontrak-kontrak dengan pelanggan-pelanggan Certain contracts with customers within the
tertentu dalam segmen bisnisnya respective business segments give rise to
mensyaratkan imbalan variabel. variable considerations.
41
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Page 322
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
n. Pengakuan Pendapatan dan Beban n. Revenue and Expense Recognition
(lanjutan) (continued)
Pengakuan Pendapatan (lanjutan) Revenue Recognition (continued)
Penjualan Bijih Nikel dan Feronikel (lanjutan) Sales of Nickel Ore and Ferronickel (continued)
Grup menawarkan imbalan variabel berupa hak The Group offers variable considerations in the
penyesuaian harga sehubungan dengan klaim form of right for price adjustments arising from
kualitas dan kuantitas penjualan. Dalam quality and quantity claim. In determining these
menetapkan estimasi tersebut, Grup estimates, the Group uses the most likely
menggunakan metode jumlah yang paling amount developed based on historical
mungkin yang dikembangkan berdasarkan experience taking into account also current
pengalaman historis dengan purchasing patterns.
mempertimbangkan juga pola pembelian saat
ini.
Grup menetapkan metode estimasi untuk The Group established estimation method that
memastikan imbalan variabel yang ensure inclusion of these variable consideration
kemungkinan terjadinya sangat tinggi sebagai only to the extent that it is highly probable that
salah satu faktor yang diperhitungkan dalam a significant reversal in the amount of
estimasi sehingga pembalikan signifikan atas cumulative revenue recognized will not occur
jumlah pendapatan kumulatif yang telah diakui when the uncertainty associated with the
tidak akan terjadi pada saat ketidakpastian variable consideration is subsequently
yang terkait dengan imbalan variabel tersebut resolved. Meanwhile, the recognition is made
terselesaikan dikemudian waktu. Sedangkan when supporting documents have been
pengakuan dilakukan pada saat dokumen- received from customers or when it is probable
dokumen pendukung telah diterima dari price adjustments will be given.
pelanggan-pelanggan atau pada saat besar
kemungkinan bahwa penyesuaian harga akan
diberikan.
Piutang merupakan hak Grup atas sejumlah Receivables represent the Group's right to an
imbalan yang tidak bersyarat (yaitu, hanya amount of consideration that is unconditional
berlalunya waktu yang diperlukan sebelum (i.e ., only the passage of time is required before
pembayaran imbalan jatuh tempo). Lihat payment of the consideration is due). Refer to
kebijakan akuntansi aset keuangan di bagian accounting policies of financial assets in
Instrumen Keuangan mengenai pengakuan Financial Instruments section regarding initial
awal dan pengukuran selanjutnya. recognition and subsequent measurement.
Jika pelanggan membayar imbalan sebelum If a customer pays consideration before the
Grup mengalihkan barang atau jasa kepada Group transfers goods or services to the
pelanggan, liabilitas kontrak diakui pada saat customer, a contract liability is recognized when
pembayaran dilakukan atau pembayaran the payment is made, or the payment is due
imbalan jatuh tempo (mana yang lebih awal). (whichever is earlier). Contract liabilities are
Liabilitas kontrak diakui sebagai pendapatan recognized as revenue when the Group
pada saat Grup telah memenuhi apa yang performs under the contract.
harus dilaksanakan sesuai kontrak.
42
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included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
n. Pengakuan Pendapatan dan Beban n. Revenue and Expense Recognition
(lanjutan) (continued)
Pengakuan Pendapatan (lanjutan) Revenue Recognition (continued)
Pendapatan Jasa Revenues from Services
Pendapatan dari jasa manpower, sewa Revenues from manpower services, rental
kendaraan dan alat berat diakui selama jangka vehicle and heavy equipment are recognized
waktu perjanjian sewa. Ini dicatat dalam over the period of the rent agreement. These
akun “Penghasilan operasi lain” dalam laporan are recorded under “Other operating income”
laba rugi dan penghasilan komprehensif lain account in the consolidated statement of profit
konsolidasian. or loss and other comprehensive income.
Pendapatan/beban bunga Interest income/expense
Untuk semua instrumen keuangan yang For all financial instruments measured at
diukur pada biaya perolehan diamortisasi, amortized cost, interest income or expense is
penghasilan atau beban bunga dicatat dengan recorded using the EIR, which is the rate that
menggunakan metode SBE, yaitu tingkat suku exactly discounts the estimated future cash
bunga digunakan mendiskontokan secara tepat payments or receipts over the expected life of
estimasi pembayaran atau penerimaan arus the financial instrument or a shorter period,
kas di masa yang akan datang selama umur where appropriate, to the net carrying amount
ekspektasian dari instrumen keuangan, atau of the financial asset or liability.
jika lebih sesuai, selama periode yang lebih
singkat, untuk jumlah tercatat neto dari aset
atau liabilitas keuangan.
Pengakuan Beban Expense Recognition
Beban diakui pada saat terjadinya Expenses are recognized when they are
(asas akrual). incurred (accrual basis).
o. Perpajakan o. Taxation
Pajak Penghasilan Kini Current Income Tax
Aset dan liabilitas pajak kini untuk periode Current income tax assets and liabilities for the
berjalan diukur sebesar jumlah yang current period are measured at the amount
diharapkan dapat direstitusi dari atau expected to be recovered from or paid to the
dibayarkan kepada otoritas perpajakan. Tarif taxation authority. The tax rates and tax laws
pajak dan peraturan pajak yang digunakan used to compute the amount are those that
untuk menghitung jumlah tersebut adalah yang have been enacted or substantively enacted as
telah berlaku atau secara substantif telah at the reporting date in the countries where the
berlaku pada tanggal pelaporan di negara Group operates and generates taxable income.
tempat Grup beroperasi dan menghasilkan
pendapatan kena pajak.
Bunga dan denda disajikan sebagai bagian dari Interests and penalties are presented as part of
penghasilan atau beban operasi lain karena other operating income or expenses since they
tidak dianggap sebagai bagian dari beban pajak are not considered as part of the income tax
penghasilan. expense.
43
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Page 324
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
o. Perpajakan (lanjutan) o. Taxation (continued)
Pajak Penghasilan Kini (lanjutan) Current Income Tax (continued)
Pajak penghasilan kini terkait dengan pos-pos Current income tax relating to items recognized
yang diakui secara langsung di ekuitas diakui directly in equity is recognized in equity and not
dalam ekuitas dan bukan dalam laporan laba in the statement of profit or loss. Management
rugi. Manajemen secara berkala mengevaluasi periodically evaluates positions taken in the tax
posisi yang diambil dalam Surat Pemberitahuan returns with respect to situations in which
Tahunan (SPT) sehubungan dengan situasi di applicable tax regulations are subject to
mana peraturan perpajakan yang berlaku interpretation and establishes provisions where
tunduk pada interpretasi dan menetapkan appropriate.
ketentuan yang sesuai.
Sebagai tanggapan terhadap penerapan In response to the implementation of the
kerangka Pilar 2 Organisasi untuk Kerja Sama Organisation for Economic Co-operation and
dan Pembangunan Ekonomi (Organisation for Development (“OECD”) Pillar 2 framework rule
Economic Co-operation and Development atau (“Pillar 2”), on December 31, 2024, Indonesian
("OECD"), pada tanggal 31 Desember 2024, Government implemented Pillar 2 framework
Pemerintah Indonesia menetapkan aturan through Ministry of Finance Regulation
kerangka Pilar 2 melalui Peraturan Menteri No. 136/2024 (PMK 136/2024). The Pillar 2
Keuangan No. 136/2024 (PMK 136/2024). model rules as implemented under
Pilar 2 sesuai PMK 136/2024 sudah berlaku PMK 136/2024 has take effect for fiscal year
untuk tahun fiskal yang dimulai pada atau beginning on or after January 1, 2025. For the
setelah tanggal 1 Januari 2025. Untuk tahun year ended December 31, 2025, the Group has
yang berakhir pada 31 Desember 2025, Grup applied amendments to PSAK 212: Income
telah menerapkan amandemen PSAK 212: Taxes, which provide mandatory temporary
Pajak Penghasilan, yang memberikan exception from recognizing or disclosing
pengecualian wajib sementara dari pengakuan deferred taxes related to Pillar 2.
atau pengungkapan pajak tangguhan terkait PMK 136/2024 applies new taxing mechanisms
Pilar 2. PMK 136/2024 menerapkan mekanisme under which a Multinational Enterprises
perpajakan baru yang mensyaratkan (“MNE”) should pay a top-up tax in a jurisdiction
Perusahaan Multinasional ("PMN") untuk whenever their effective tax rate, determined on
membayar pajak tambahan pada yurisdiksi a jurisdictional basis under the Pillar 2, is below
tertentu ketika tarif pajak efektif yang ditentukan a 15% minimum rate.
per yurisdiksi menurut Pilar 2 lebih rendah dari
tarif minimum 15%.
Pajak Tangguhan Deferred Tax
Pajak tangguhan diakui dengan menggunakan Deferred tax is provided using the liability
metode liabilitas atas perbedaan temporer pada method on temporary differences at the
tanggal pelaporan antara dasar pengenaan pajak reporting date between the tax bases of assets
dari aset dan liabilitas dan jumlah tercatatnya and liabilities and their carrying amounts for
untuk tujuan pelaporan keuangan pada tanggal financial reporting purposes at the reporting
pelaporan. date.
Liabilitas pajak tangguhan diakui untuk semua Deferred tax liabilities are recognized for all
perbedaan temporer yang kena pajak, kecuali: taxable temporary differences, except:
i) liabilitas pajak tangguhan yang terjadi dari i) where the deferred tax liability arises from
pengakuan awal goodwill atau dari aset atau the initial recognition of goodwill or of an
liabilitas dari transaksi yang bukan transaksi asset or liability in a transaction that is not
kombinasi bisnis, dan pada waktu transaksi a business combination and, at the time of
tidak mempengaruhi laba akuntansi dan laba the transaction, affects neither the
kena pajak/rugi pajak; atau accounting profit nor taxable profit or loss;
or
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
o. Perpajakan (lanjutan) o. Taxation (continued)
Pajak Tangguhan (lanjutan) Deferred Tax (continued)
Liabilitas pajak tangguhan diakui untuk semua Deferred tax liabilities are recognized for all
perbedaan temporer yang kena pajak, kecuali: taxable temporary differences, except:
(lanjutan) (continued)
ii) dari perbedaan temporer kena pajak atas ii) in respect of taxable temporary differences
investasi pada entitas anak, yang saat associated with investments in
pembalikannya dapat dikendalikan dan besar subsidiaries, when the timing of the
kemungkinannya bahwa beda temporer itu reversal of the temporary differences can
tidak akan dibalik dalam waktu dekat. be controlled and it is probable that the
temporary differences will not reverse in
the foreseeable future.
Aset pajak tangguhan diakui untuk seluruh Deferred tax assets are recognized for all
perbedaan temporer yang dapat dikurangkan dan deductible temporary differences and carry
akumulasi rugi pajak belum dikompensasi, bila forward of unused tax losses, to the extent that
kemungkinan besar laba kena pajak akan it is probable that taxable profits will be
tersedia sehingga perbedaan temporer dapat available against which deductible temporary
dikurangkan tersebut, dan rugi pajak belum differences, and the carry forward of unused tax
dikompensasi, dapat dimanfaatkan, kecuali: losses can be utilized, except:
i) jika aset pajak tangguhan terkait dengan i) where the deferred tax asset relating to the
perbedaan temporer yang dapat dikurangkan deductible temporary difference arises
timbul dari pengakuan awal aset atau liabilitas from the initial recognition of an asset or
dalam transaksi yang bukan transaksi liability in a transaction that is not
kombinasi bisnis dan tidak mempengaruhi a business combination and, at the time of
laba akuntansi maupun laba kena pajak/rugi the transaction, affects neither the
pajak; atau accounting profit nor taxable profit or loss;
or
ii) dari perbedaan temporer yang dapat ii) in respect of deductible temporary
dikurangkan atas investasi pada entitas anak, differences associated with investments in
aset pajak tangguhan hanya diakui bila besar subsidiaries, deferred tax assets are
kemungkinannya bahwa beda temporer itu recognized only to the extent that it is
tidak akan dibalik dalam waktu dekat dan laba probable that the temporary differences
kena pajak dapat dikompensasi dengan beda will not be reversed in the foreseeable
temporer tersebut. future and taxable profit will be available
against which the temporary differences
can be utilized.
Jumlah tercatat aset pajak tangguhan ditelaah The carrying amount of a deferred tax asset is
pada setiap tanggal pelaporan dan diturunkan reviewed at each reporting date and reduced to
apabila laba kena pajak mungkin tidak memadai the extent that it is no longer probable that
untuk mengkompensasi sebagian atau semua sufficient taxable profit will be available to allow
manfaat aset pajak tangguhan. Aset pajak all or part of the benefit of that deferred tax
tangguhan yang tidak diakui ditinjau ulang pada asset to be utilized. Unrecognized deferred tax
setiap tanggal pelaporan dan akan diakui apabila assets are reassessed at each reporting date
besar kemungkinan bahwa laba kena pajak pada and are recognized to the extent that it has
masa yang akan datang akan tersedia untuk become probable that future taxable profit will
pemulihannya. allow the deferred tax assets to be recovered.
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included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
o. Perpajakan (lanjutan) o. Taxation (continued)
Pajak Tangguhan (lanjutan) Deferred Tax (continued)
Aset dan liabilitas pajak tangguhan diukur Deferred tax assets and liabilities are measured
dengan menggunakan tarif pajak yang at the tax rates that are expected to apply to the
diperkirakan akan berlaku pada tahun saat year when the asset is realized or the liability is
aset dipulihkan atau liabilitas diselesaikan settled, based on tax rates and tax laws that
berdasarkan tarif pajak dan peraturan pajak yang have been enacted or substantively enacted as
telah berlaku atau yang secara substantif telah at the reporting date.
berlaku pada tanggal pelaporan.
Pajak tangguhan terkait dengan pos-pos yang Deferred tax relating to items recognized
diakui di luar laba rugi diakui di luar laba rugi. Item outside profit or loss is recognized outside profit
pajak tangguhan diakui sesuai dengan transaksi or loss. Deferred tax items are recognized in
yang mendasarinya baik di PKL maupun secara correlation to the underlying transaction either
langsung di ekuitas. in OCI or directly in equity.
Manfaat pajak yang diperoleh sebagai bagian dari Tax benefits acquired as part of a business
kombinasi bisnis, tetapi tidak memenuhi kriteria combination, but not satisfying the criteria for
untuk pengakuan terpisah pada tanggal tersebut, separate recognition at that date, are
diakui selanjutnya jika informasi baru tentang recognized subsequently if new information
fakta dan keadaan berubah. Penyesuaian about facts and circumstances change. The
tersebut diperlakukan sebagai pengurangan adjustment is either treated as a deduction in
goodwill (selama tidak melebihi goodwill) jika goodwill (as long as it does not exceed
terjadi selama periode pengukuran atau diakui goodwill) if it was incurred during the
dalam laba rugi. measurement period or recognized in profit or
loss.
Grup melakukan saling hapus aset pajak The Group offsets deferred tax assets and
tangguhan dan liabilitas pajak tangguhan jika dan deferred tax liabilities if and only if it has
hanya jika memiliki hak yang berkekuatan a legally enforceable right to set off current tax
hukum untuk saling hapus aset pajak kini dan assets and current tax liabilities and the
liabilitas pajak kini dan aset pajak tangguhan dan deferred tax assets and deferred tax liabilities
liabilitas pajak tangguhan terkait dengan pajak relate to income taxes levied by the same
penghasilan yang dikenakan oleh otoritas taxation authority on either the same taxable
perpajakan yang sama atas baik entitas kena entity or different taxable entities which intend
pajak yang sama atau entitas kena pajak yang either to settle current tax liabilities and assets
berbeda yang bermaksud untuk menyelesaikan on a net basis, or to realise the assets and
liabilitas dan aset pajak kini secara neto, atau settle the liabilities simultaneously, in each
untuk merealisasikan aset dan menyelesaikan future period in which significant amounts of
liabilitas secara bersamaan, pada setiap periode deferred tax liabilities or assets are expected to
masa depan di mana jumlah liabilitas atau aset be settled or recovered.
pajak tangguhan yang signifikan diharapkan
untuk diselesaikan atau dipulihkan.
Pajak Pertambahan Nilai (“PPN”) Value Added Tax (“VAT”)
Pendapatan, beban-beban dan aset-aset diakui Revenue, expenses and assets are recognized
tidak termasuk atas jumlah PPN kecuali: excluding of the amount of VAT except:
PPN yang muncul dari pembelian aset atau Where the VAT incurred on a purchase of
jasa yang tidak dapat dikreditkan, yang assets or services is not recoverable, in
dalam hal ini PPN diakui sebagai bagian which case the VAT is recognized as part
dari biaya perolehan aset atau sebagai of the cost of acquisition of the asset or as
bagian dari item beban-beban yang terkait; part of the expense item as applicable; and
dan
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
o. Perpajakan (lanjutan) o. Taxation (continued)
Pajak Pertambahan Nilai (“PPN”) (lanjutan) Value Added Tax (“VAT”) (continued)
Pendapatan, beban-beban dan aset-aset diakui Revenue, expenses and assets are recognized
neto atas jumlah PPN kecuali: (lanjutan) net of the amount of VAT except: (continued)
Piutang dan utang yang disajikan termasuk Receivables and payables that are stated
dengan jumlah PPN. with the amount of VAT included.
Jumlah PPN neto yang diajukan untuk The net amount of VAT which is claimed for
direstitusi, atau terutang kepada, kantor pajak restitution from, or payable to, the taxation
termasuk sebagai bagian dari aset atau authorities is included as part of assets or
liabilitas pada laporan posisi keuangan liabilities in the consolidated statement of
konsolidasian. financial position.
Pajak Final Final Tax
Sesuai peraturan perpajakan di Indonesia, In accordance with the tax regulation in
pajak final dikenakan atas nilai bruto transaksi, Indonesia, final tax is applied to the gross value
dan tetap dikenakan walaupun atas transaksi of transactions, even when the parties carrying
tersebut pelaku transaksi mengalami kerugian. the transaction recognizing losses.
Pajak final tidak termasuk dalam lingkup yang Final tax is scoped out from PSAK 212: Income
diatur oleh PSAK 212: Pajak Penghasilan. Tax.
p. Transaksi dan Saldo dalam Mata Uang Asing p. Foreign Currency Transactions and
Balances
Mata uang pelaporan yang digunakan pada The reporting currency used in the consolidated
laporan keuangan konsolidasian adalah financial statements is Indonesian Rupiah,
Rupiah, yang juga merupakan mata uang which is also each entity’s in the Group
fungsional setiap entitas dalam Grup, kecuali functional currency, except HJF and MSP
entitas anak tertentu, yaitu HJF dan MSP yang whose functional currency is United States
memiliki mata uang fungsional Dolar Amerika Dollar and HJF Ltd. whose functional currency
Serikat dan HJF Ltd. yang memiliki mata uang is Chinese Yuan. Each entity in the Group
fungsional Yuan Tiongkok. Tiap entitas dalam determines its own functional currency and their
Grup menentukan mata uang fungsionalnya financial statements are measured using that
masing-masing dan laporan keuangannya functional currency.
masing-masing diukur menggunakan mata
uang fungsional tersebut.
Transaksi dalam mata uang asing dicatat dalam Transactions involving foreign currencies are
Rupiah berdasarkan kurs yang berlaku pada recorded in Indonesian Rupiah at the rates of
saat transaksi dilakukan. Pada tanggal exchange prevailing at the time the transactions
pelaporan, aset dan liabilitas moneter dalam are made. At the reporting date, monetary
mata uang asing dijabarkan sesuai dengan assets and liabilities denominated in foreign
rata-rata kurs jual dan beli yang diterbitkan oleh currencies are adjusted to reflect the average of
Bank Indonesia pada tanggal transaksi the selling and buying rates of exchange
perbankan terakhir untuk periode yang prevailing at the last banking transaction date of
bersangkutan, dan laba atau rugi kurs yang the period, as published by Bank Indonesia,
timbul, dikreditkan atau dibebankan pada and any resulting gains or losses are credited
operasi periode yang bersangkutan. or charged to operations of the current period.
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
p. Transaksi dan Saldo dalam Mata Uang Asing p. Foreign Currency Transactions and
(lanjutan) Balances (continued)
Kurs yang digunakan untuk menjabarkan aset The exchange rates used to translate the
dan liabilitas moneter pada tanggal monetary assets and liabilities as of
31 Desember 2025 dan 2024 adalah sebagai December 31, 2025 and 2024 are as follows
berikut (angka penuh): (full amount):
Mata Uang Asing 2025 2024 Foreign Currency
1 Dolar Amerika Serikat (AS$) 16.782 16.162 United States Dollar (US$) 1
1 Yuan Tiongkok (CNY) 2.401 2.214 Chinese Yuan (CNY) 1
Transaksi dalam mata uang asing selain Dolar Transactions in foreign currencies other than
Amerika Serikat dan Yuan Tiongkok adalah United States Dollar and Chinese Yuan are not
tidak signifikan. significant.
Akun-akun dari entitas anak luar negeri The accounts of foreign subsidiaries are
dijabarkan dari mata uang pelaporannya translated from its respective reporting currency
menjadi Rupiah dengan dasar sebagai berikut: into Indonesian Rupiah on the following basis:
a) Aset dan liabilitas, baik moneter maupun a) Assets and liabilities, both monetary and
non-moneter, dijabarkan dengan non-monetary, are translated using the
menggunakan kurs penutup. closing rate of exchange.
b) Pendapatan dan beban dijabarkan dengan b) Revenues and expenses are translated
menggunakan kurs yang berlaku pada using transactions date exchange rate or, if
tanggal transaksi atau, bila memenuhi applicable, the average rate for the period.
syarat, kurs rata-rata periode tersebut.
c) Selisih kurs yang terjadi disajikan sebagai c) The resulting exchange difference is
“Penghasilan Komprehensif Lain - Selisih presented as an “Other Comprehensive
Kurs dari Penjabaran Laporan Keuangan” Income - Exchange Differences from
sebagai bagian dari ekuitas sampai Financial Statements Translations” in the
pelepasan investasi neto yang equity section until disposal of the net
bersangkutan. investment.
q. Imbalan Kerja q. Employee Benefits
Grup mencatat penyisihan manfaat untuk The Group provides provisions in order to meet
memenuhi dan menutup imbalan minimum and cover the minimum benefits required to be
yang harus dibayar kepada karyawan- paid to the qualified employees under Collective
karyawan sesuai dengan Perjanjian Kerja Labor Agreement and Peraturan Pemerintah
Bersama dan Peraturan Pemerintah Pengganti Pengganti Undang-undang (“Perpu”) No.
Undang-undang (“Perpu”) No. 2/2022 (“UU 2/2022 (the “Cipta Kerja Law”, (UUCK)). The
Cipta Kerja”, (UUCK)). Penyisihan tambahan said additional provisions are estimated using
tersebut diestimasi dengan menggunakan actuarial calculations using the “Projected Unit
perhitungan aktuarial metode “Projected Unit Credit” method.
Credit”.
Pada 31 Maret 2023, Perpu No. 2/2022 On March 31, 2023, Perpu No. 2/2022 was
ditetapkan sebagai Undang-Undang stipulated as a Law based on Law Number 6 of
berdasarkan Undang-Undang Nomor 6 Tahun 2023 concerning the Stipulation of Perpu No. 2
2023 tentang Penetapan Perpu No. 2 Tahun of 2022 concerning Job Creation to become
2022 Tentang Cipta Kerja menjadi Undang- Law.
Undang.
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Page 329
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
q. Imbalan Kerja (lanjutan) q. Employee Benefits (continued)
Pengukuran kembali, terdiri atas keuntungan Re-measurements, comprising of actuarial
dan kerugian aktuarial, segera diakui pada gains and losses, are recognized immediately
laporan posisi keuangan konsolidasian dengan in the consolidated statement of financial
pengaruh langsung didebit atau dikreditkan position with a corresponding debit or credit to
kepada saldo laba melalui PKL pada periode retained earnings through OCI in the period in
terjadinya. Pengukuran kembali tidak which they occur. Re-measurements are not
direklasifikasi ke laba rugi pada periode reclassified to profit or loss in subsequent
berikutnya. periods.
Biaya jasa lalu harus diakui sebagai beban Past service costs are recognized in profit or
pada saat yang lebih awal antara: loss at the earlier between:
i) Ketika program amandemen atau i) The date of the plan amendment or
kurtailmen terjadi; atau curtailment; or
ii) Ketika Grup mengakui biaya restrukturisasi ii) The date of the Group recognizes related
atau imbalan terminasi terkait. restructuring costs or termination benefit.
Bunga neto dihitung dengan menerapkan Net interest is calculated by applying the
tingkat diskonto yang digunakan terhadap discount rate to the net defined benefit liability.
liabilitas imbalan kerja. Grup mengakui The Group recognizes the following changes in
perubahan berikut pada kewajiban obligasi neto the net defined benefit obligation in the
pada laporan laba rugi dan penghasilan consolidated statement of profit or loss and
komprehensif lain konsolidasian: other comprehensive income:
i) Biaya jasa terdiri atas biaya jasa kini, biaya i) Service costs comprising current
jasa lalu, keuntungan atau kerugian atas service costs, past-service costs, gains
penyelesaian tidak rutin, dan and losses on curtailments and non-routine
settlements, and
ii) Beban atau penghasilan bunga neto. ii) Net interest expense or income.
r. Provisi r. Provision
Umum General
Provisi diakui jika Grup memiliki kewajiban kini Provisions are recognized when the Group has
(baik bersifat hukum maupun bersifat a present obligation (legal or constructive)
konstruktif) yang akibat peristiwa masa lalu, where, as a result of a past event, it is probable
besar kemungkinannya penyelesaian that an outflow of resources embodying
kewajiban tersebut mengakibatkan arus keluar economic benefits will be required to settle the
sumber daya yang mengandung manfaat obligation and a reliable estimate can be made
ekonomi dan estimasi yang andal mengenai of the amount of the obligation.
jumlah kewajiban tersebut dapat dibuat.
Provisi ditelaah pada setiap tanggal pelaporan Provisions are reviewed at each reporting date
dan disesuaikan untuk mencerminkan estimasi and adjusted to reflect the current best
terbaik yang paling kini. Jika arus keluar sumber estimate. If it is no longer probable that an
daya untuk menyelesaikan kewajiban outflow of resources embodying economic
kemungkinan besar tidak terjadi, maka provisi benefits will be required to settle the obligation,
dibatalkan. the provision is reversed.
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Page 330
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
r. Provisi (lanjutan) r. Provisions (continued)
Provisi untuk kewajiban restorasi lingkungan Provision for environmental restoration
obligation
Provisi untuk biaya pembongkaran aset Provision for asset dismantling costs is
diestimasi berdasarkan beberapa asumsi dan estimated based on certain assumptions and
disajikan pada nilai wajar sesuai dengan tingkat carried at fair value based on applicable
diskonto yang berlaku. discount rates.
Restorasi, rehabilitasi, dan pengeluaran Restoration, rehabilitation, and other
lingkungan lainnya yang timbul selama tahap environmental expenditures incurred during the
produksi dibebankan sebagai bagian dari biaya production phase of operations are charged as
produksi. part of the cost of production.
Grup memiliki kewajiban tertentu untuk The Group has certain obligations to restore
memulihkan dan merehabilitasi daerah and rehabilitate mining areas following the
pertambangan setelah selesai produksi. completion of production. Such obligations are
Kewajiban tersebut diakru menggunakan being accrued using the “unit-of-production”
metode “unit produksi” sepanjang umur method over the life of the mine so that the
tambang sehingga akrual tersebut akan cukup accrual will be adequate to meet those
untuk memenuhi kewajiban ketika produksi dari obligations once production from the resource
sumber daya selesai. Perubahan dalam is completed. Changes in estimated restoration
estimasi biaya restorasi dan lingkungan yang and environmental costs to be incurred are
harus dibayarkan dicatat secara prospektif accounted for on a prospective basis over the
selama sisa umur tambang. remaining life of the mine.
s. Biaya Emisi Saham s. Issuance Costs of Share Capital
Biaya yang terjadi sehubungan dengan Costs incurred in connection with the Group’s
penerbitan modal saham Grup kepada publik issuance of share capital to the public were
dikurangkan langsung dengan hasil emisi dan offset directly with the proceeds and presented
disajikan sebagai pengurang akun tambahan as deduction to additional paid-in capital
modal disetor dalam laporan posisi keuangan account in the consolidated statement of
konsolidasian. financial position.
t. Pengukuran Nilai Wajar t. Fair Value Measurement
Grup mengukur pada pengakuan awal The Group initially measures financial
instrumen keuangan, dan aset dan liabilitas instruments, and assets and liabilities of the
yang diperoleh melalui kombinasi bisnis pada acquirees upon business combinations at fair
nilai wajar. Grup juga mengukur jumlah value. They also measure certain recoverable
terpulihkan dari UPK tertentu berdasarkan nilai amounts of the CGU using fair value less cost
wajar dikurangi biaya pelepasan, dan aset of disposal and certain financial assets at
keuangan tertentu pada NWPKL. FVOCI.
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
t. Pengukuran Nilai Wajar (lanjutan) t. Fair Value Measurement (continued)
Nilai wajar adalah harga yang akan diterima Fair value is the price that would be received to
dari menjual suatu aset atau harga yang akan sell an asset or paid to transfer a liability in an
dibayar untuk mengalihkan suatu liabilitas orderly transaction between market participants
dalam transaksi teratur antara pelaku pasar at the measurement date. The fair value
pada tanggal pengukuran. Pengukuran nilai measurement is based on the presumption that
wajar mengasumsikan bahwa transaksi untuk the transaction to sell the asset or transfer the
menjual aset atau mengalihkan liabilitas terjadi: liability takes place either:
i) Di pasar utama untuk aset atau liabilitas i) In the principal market for the asset or
tersebut, atau liability, or
ii) Jika tidak terdapat pasar utama, di pasar ii) 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.
Pasar utama atau pasar yang paling The principal or the most advantageous market
menguntungkan tersebut harus dapat diakses must be accessible to by the Group.
oleh Grup.
Nilai wajar dari aset atau liabilitas diukur The fair value of an asset or a liability is
dengan menggunakan asumsi yang akan measured using the assumptions that market
digunakan pelaku pasar ketika menentukan participants would use when pricing the asset
harga aset atau liabilitas tersebut, dengan or liability, assuming that market participants
asumsi bahwa pelaku pasar bertindak dalam act in their economic best interest.
kepentingan ekonomi terbaiknya.
Pengukuran nilai wajar dari suatu aset A fair value measurement of a non-financial
nonkeuangan memperhitungkan kemampuan asset takes into account a market participant's
pelaku pasar untuk menghasilkan manfaat ability to generate economic benefits by using
ekonomik 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 use.
yang akan menggunakan aset tersebut pada
penggunaan tertinggi dan terbaiknya.
Grup menggunakan teknik penilaian yang The Group uses valuation techniques that are
sesuai dengan keadaan dan data yang appropriate in the circumstances and for which
memadai tersedia untuk mengukur nilai wajar, sufficient data are available to measure fair
dengan memaksimalkan masukan (input) yang value, maximizing the use of relevant
dapat diamati (observable) yang relevan dan observable inputs and minimizing the use of
meminimalkan masukan (input) yang tidak unobservable inputs.
dapat diamati (unobservable).
51
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included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
t. Pengukuran Nilai Wajar (lanjutan) t. Fair Value Measurement (continued)
Semua aset dan liabilitas yang nilai wajarnya All assets and liabilities for which fair value is
diukur atau diungkapkan dalam laporan measured or disclosed in the consolidated
keuangan konsolidasian dikategorikan dalam financial statements are categorized within the
hierarki nilai wajar berdasarkan level masukan fair value hierarchy, described as follows,
(input) paling rendah yang signifikan terhadap based on the lowest level input that is significant
pengukuran nilai wajar secara keseluruhan to the fair value measurement as a whole:
sebagai berikut:
i) Level 1 - Harga kuotasian (tanpa i) Level 1 - Quoted (unadjusted) market
penyesuaian) di pasar aktif untuk aset atau prices in active markets for identical assets
liabilitas yang identik yang dapat diakses or liabilities.
entitas pada tanggal pengukuran.
ii) Level 2 - Teknik penilaian yang ii) Level 2 - Valuation techniques for which
menggunakan tingkat masukan (input) the lowest level input that is significant to
yang paling rendah yang signifikan the fair value measurement is directly or
terhadap pengukuran nilai wajar yang indirectly observable.
dapat diamati (observable) baik secara
langsung atau tidak langsung.
iii) Level 3 - Teknik penilaian yang iii) Level 3 - Valuation techniques for which
menggunakan tingkat masukan (input) the lowest level input that is significant to
yang paling rendah yang signifikan the fair value measurement is
terhadap pengukuran nilai wajar yang tidak unobservable.
dapat diamati (unobservable).
Untuk aset dan liabilitas yang diakui pada For assets and liabilities that are recognized in
laporan keuangan konsolidasian secara the consolidated financial statements on a
berulang, Grup menentukan apakah terdapat recurring basis, the Group determines whether
perpindahan antara level dalam hierarki dengan transfers have occurred between levels in the
melakukan evaluasi ulang atas penetapan hierarchy by re-assessing categorization
kategori (berdasarkan level masukan (input) (based on the lowest level input that is
paling rendah yang signifikan terhadap significant to the fair value measurement as a
pengukuran nilai wajar secara keseluruhan) whole) at the end of each reporting period.
pada tiap akhir periode pelaporan.
Tim pelaporan keuangan Grup bertanggung- The Group’s financial reporting team in charge
jawab atas penilaian dalam menentukan of valuation to determine the policies and
kebijakan dan prosedur untuk pengukuran nilai procedures for recurring fair value
wajar berulang, nilai wajar (dikurangi biaya measurement, fair value (less costs of disposal)
untuk menjual) UPK (untuk uji penurunan nilai), of CGUs (for impairment test purpose) and
dan aset keuangan pada NWPKL. financial assets at FVOCI.
Untuk tujuan pengungkapan nilai wajar, Grup For the purpose of fair value disclosures, the
menentukan klasifikasi aset dan liabilitas Group has determined classes of assets and
berdasarkan sifat, karakteristik dan risikonya liabilities on the basis of the nature,
dan level pada hierarki nilai wajar sebagaimana characteristics and risks of the asset or liability
dijelaskan diatas. and the level of the fair value hierarchy as
explained above.
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included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
u. Investasi pada Entitas Asosiasi u. Investment in Associates
Entitas asosiasi adalah entitas yang An associate is an entity over which the Group
terhadapnya Grup memiliki pengaruh signifikan. has significant influence. Significant influence is
Pengaruh signifikan adalah kekuasaan untuk the power to participate in the financial and
berpartisipasi dalam keputusan kebijakan policy decisions of the investee, but is not
keuangan dan operasional investee, tetapi tidak control or joint control over those policies.
mengendalikan atau mengendalikan bersama
atas kebijakan tersebut.
Investasi Grup pada entitas asosiasi dicatat The Group’s investment in its associate is
dengan menggunakan metode ekuitas. Dalam accounted for using the equity method. Under
metode ekuitas, investasi awalnya diakui pada the equity method, the investment in an
harga perolehan pada saat tanggal perolehan. associate is initially recognized at cost on the
Nilai tercatat investasi disesuaikan untuk date of acquisition. The carrying amount of the
mengakui perubahan bagian Grup atas aset investment is adjusted to recognize changes in
neto entitas asosiasi sejak tanggal perolehan. the Group’s share of net assets of the associate
Goodwill yang terkait dengan entitas asosiasi since the acquisition date. Goodwill relating to
termasuk dalam jumlah tercatat investasi dan the associate is included in the carrying amount
tidak diamortisasi dan diuji untuk penurunan of the investment and is neither amortized nor
nilai secara terpisah dari investasi terkait. tested for impairment individually. When the
Ketika bagian Grup atas nilai wajar neto aset Group’s share of the net fair value exceeds the
dan liabilitas teridentifikasi melebihi biaya cost, the difference is recognized as income in
perolehan, selisih tersebut diakui sebagai the Group’s share of profit or loss in the period
pendapatan dalam bagian laba atau rugi Grup of acquisition.
pada periode perolehan.
Setelah tanggal perolehan, Grup melakukan After the date of acquisition, the Group makes
penyesuaian yang diperlukan atas bagian Grup the necessary adjustments to its share of the
atas laba atau rugi entitas asosiasi. associate’s profit or loss. These adjustments
Penyesuaian ini mencakup depresiasi atas aset include depreciation of the depreciable assets
yang dapat disusutkan berdasarkan nilai wajar based on their fair values at the acquisition date
aset tersebut pada tanggal perolehan, serta and recognition of any impairment losses
pengakuan atas setiap rugi penurunan nilai relating to a goodwill or fixed assets.
yang berkaitan dengan goodwill atau aset tetap.
Laba rugi konsolidasian mencerminkan bagian The consolidated profit or loss reflects the
dari Grup atas hasil operasi dari entitas Group’s share of the results of operations of the
asosiasi. Perubahan PKL dari entitas asosiasi associate. Any change in OCI of the associate
disajikan sebagai bagian dari PKL Grup. Selain is presented as part of the Group’s OCI. In
itu, bila terdapat perubahan yang diakui addition, when there has been a change
langsung pada ekuitas entitas asosiasi, Grup recognized directly in the equity of the
mengakui bagiannya atas perubahan, jika associate, the Group recognizes its share of
sesuai, dalam laporan perubahan ekuitas any changes, when applicable, in the
konsolidasian. Keuntungan atau kerugian yang consolidated statement of changes in equity.
belum direalisasi sebagai hasil dari transaksi- Unrealized gains and losses resulting from
transaksi antara Grup dengan entitas asosiasi transactions between the Group and the
dieliminasi sesuai dengan kepemilikan dalam associate are eliminated to the extent of the
entitas asosiasi. interest in the associate.
53
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
u. Investasi pada Entitas Asosiasi (lanjutan) u. Investment in Associates (continued)
Gabungan bagian Grup atas laba rugi entitas The aggregate of the Group’s share of profit or
asosiasi disajikan pada muka laba rugi dan loss of an associate is shown on the
penghasilan komprehensif lain konsolidasian consolidated statement of profit or loss and
(sebagai laba atau rugi) di luar laba usaha dan other comprehensive income (as profit or loss)
mencerminkan laba atau rugi setelah pajak dan outside operating profit and represents profit or
kepentingan nonpengendali pada entitas anak loss after tax and non-controlling interests in the
dari entitas asosiasi. subsidiaries of the associate.
Laporan keuangan entitas asosiasi disusun The financial statements of the associates are
atas periode pelaporan yang sama dengan prepared in the same reporting period of the
Grup. Group.
Setelah penerapan metode ekuitas, Grup After application of the equity method, the
menentukan apakah diperlukan untuk Group determines whether it is necessary to
mengakui tambahan rugi penurunan nilai atas recognize an additional impairment loss on the
investasi Grup dalam entitas asosiasi. Grup Group’s investment in its associate. The Group
menentukan pada setiap tanggal pelaporan determines at each reporting date whether
apakah terdapat bukti yang obyektif yang there is any objective evidence that the
mengindikasikan bahwa investasi dalam entitas investment in the associate is impaired. If this is
asosiasi mengalami penurunan nilai. Dalam hal the case, the Group calculates the amount of
ini, Grup menghitung jumlah penurunan nilai impairment as the difference between the
berdasarkan selisih antara jumlah terpulihkan recoverable amount of the investment in
atas investasi dalam entitas asosiasi dan nilai associate and its carrying value, and
tercatatnya dan mengakuinya dalam laba rugi. recognizes the amount in profit or loss.
Pada saat kehilangan pengaruh signifikan atas Upon loss of significant influence over the
entitas asosiasi, Grup mengukur dan mengakui associate, the Group measures and recognizes
bagian investasi tersisa pada nilai wajar. Selisih any retained investment at its fair value. Any
antara nilai tercatat entitas asosiasi dan nilai difference between the carrying amount of the
wajar investasi yang tersisa dan penerimaan associate and the fair value of the retained
dari pelepasan investasi diakui pada laba rugi. investment and proceeds from disposal is
recognized in profit or loss.
v. Laba per Saham v. Earnings per Share
Laba per saham dihitung berdasarkan rata-rata Earnings per share is computed based on the
tertimbang jumlah saham yang beredar selama weighted average number of issued and fully
periode yang bersangkutan. paid shares during the period.
Perusahaan tidak mempunyai efek berpotensi The Company has no outstanding dilutive
saham biasa yang bersifat dilutif pada tanggal potential ordinary shares as of
31 Desember 2025. December 31, 2025.
w. Saham Treasuri w. Treasury Shares
Instrumen ekuitas sendiri yang diperoleh Own equity instruments that are reacquired
kembali (saham treasuri) diakui pada harga (treasury shares) are recognized at
perolehan kembali dan dikurangi dari ekuitas. reacquisition cost and deducted from equity. No
Tidak ada laba atau rugi yang diakui pada laba gain or loss is recognized in profit or loss on the
rugi atas perolehan, penjualan kembali, purchase, sale, issue or cancellation of the
penerbitan atau pembatalan dari instrumen Group’s own equity instruments. Any difference
ekuitas Grup. Selisih antara jumlah tercatat dan between the carrying amount and the
penerimaan, bila diterbitkan kembali, diakui consideration, if reissued, is recognized as part
sebagai bagian dari tambahan modal disetor of additional paid-in capital in the equity.
pada ekuitas.
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included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI 3. SIGNIFICANT JUDGMENTS, ESTIMATES AND
YANG SIGNIFIKAN ASSUMPTIONS
Penyusunan laporan keuangan konsolidasian Grup The preparation of the Group’s consolidated
mengharuskan manajemen untuk membuat financial statements requires management to make
pertimbangan, estimasi dan asumsi yang judgments, estimates and assumptions that affect
mempengaruhi jumlah pendapatan, beban, aset dan the reported amounts of revenues, expenses,
liabilitas yang dilaporkan pada akhir periode assets and liabilities at the end of the reporting
pelaporan. Ketidakpastian mengenai asumsi dan period. Uncertainty about these assumptions and
estimasi tersebut dapat mengakibatkan estimates could result in outcomes that may require
penyesuaian material terhadap nilai tercatat aset material adjustments to the carrying amounts of the
dan liabilitas yang terpengaruh pada periode assets and liabilities affected in future periods.
pelaporan berikutnya.
Pertimbangan Judgments
Pertimbangan berikut ini dibuat oleh manajemen The following judgments are made by management
dalam rangka penerapan kebijakan akuntansi Grup in the process of applying the Group’s accounting
yang memiliki pengaruh paling signifikan atas policies that have the most significant effects on the
jumlah yang diakui dalam laporan keuangan amounts recognized in the consolidated financial
konsolidasian: statements:
Perpajakan Taxes
Ketidakpastian atas interpretasi dari peraturan pajak Uncertainties exist with respect to the interpretation
yang kompleks, perubahan peraturan pajak dan of complex tax regulations, changes in tax laws, and
jumlah dan timbulnya penghasilan kena pajak di the amount and timing of future taxable income,
masa depan, dapat menyebabkan penyesuaian di could necessitate future adjustments to tax income
masa depan atas penghasilan dan beban pajak and expense already recorded.
yang telah dicatat.
Pertimbangan juga dilakukan dalam menentukan Judgment is also involved in determining the
penyisihan atas pajak penghasilan badan. Terdapat provision for corporate income tax. There are certain
transaksi dan perhitungan tertentu yang penentuan transactions and computation for which the ultimate
pajak akhirnya adalah tidak pasti sepanjang tax determination is uncertain during the ordinary
kegiatan usaha normal. course of business.
Grup mengakui liabilitas atas pajak penghasilan The Group recognizes liabilities for expected
badan berdasarkan estimasi apakah akan terdapat corporate income tax issues based on estimates of
tambahan pajak penghasilan badan. whether additional corporate income tax will be due.
Taksiran Tagihan Pajak Estimated Claims for Tax Refund
Berdasarkan peraturan perpajakan yang berlaku Based on the tax regulations currently enacted, the
saat ini, manajemen mempertimbangkan apakah management judged if the amounts recorded under
jumlah yang tercatat dalam akun di atas dapat the above account are recoverable and refundable
dipulihkan dan dikembalikan oleh Kantor Pajak. by the Tax Office.
55
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI 3. SIGNIFICANT JUDGMENTS, ESTIMATES AND
YANG SIGNIFIKAN (lanjutan) ASSUMPTIONS (continued)
Pertimbangan (lanjutan) Judgments (continued)
Penentuan mata uang fungsional Determination of functional currency
Dalam proses penerapan kebijakan akuntansi Grup, In the process of applying the Group’s accounting
manajemen harus membuat pertimbangan dalam policies, management has to make a judgement on
penentuan mata uang fungsional dari setiap entitas the determination of the functional currency of each
anggota Grup. Mata uang fungsional dari masing- of the Group’s entities. The functional currency of
masing entitas di dalam Grup adalah mata uang each entity within the Group is the currency of the
masing-masing dari lingkungan ekonomi utama di primary economic environment in which each entity
mana entitas tersebut beroperasi. operates.
Manajemen mempertimbangkan indikator primer, Management considers the primary indicators,
indikator sekunder dan indikator lainnya dalam secondary indicators and other indicators in
menentukan mata uang fungsionalnya. Jika setelah determining its functional currency. If after
mempertimbangkan seluruh indikator dan considering all indicators and the determination of
penentuan mata uang fungsional tidak konklusif, the functional currency is not conclusive,
manajemen menggunakan pertimbangan untuk management uses its judgement to determine the
menentukan mata uang fungsional yang paling tepat functional currency that most faithfully represents
menggambarkan pengaruh ekonomi dari transaksi, the economic effects of the underlying transactions,
kejadian dan kondisi yang mendasarinya. events and conditions.
Estimasi dan Asumsi Estimates and Assumptions
Asumsi utama masa depan dan sumber utama The key assumptions concerning the future and
estimasi ketidakpastian lain pada tanggal pelaporan other key sources of estimation uncertainty at the
yang memiliki risiko signifikan mengakibatkan reporting date that have a significant risk of causing
penyesuaian yang material terhadap nilai tercatat a material adjustment to the carrying amounts of
aset dan liabilitas untuk periode berikutnya assets and liabilities within the next financial
diungkapkan di bawah ini. Grup mendasarkan year/period are disclosed below. The Group based
asumsi dan estimasi pada parameter yang tersedia its assumptions and estimates on parameters
pada saat laporan keuangan konsolidasian disusun. available when the consolidated financial
Asumsi dan situasi mengenai perkembangan masa statements were prepared. Existing circumstances
depan mungkin berubah akibat perubahan pasar and assumptions about future developments may
atau situasi yang di luar kendali Grup. Perubahan change due to market changes or circumstances
tersebut dicerminkan dalam asumsi terkait pada arising beyond the control of the Group. Such
saat terjadinya. changes are reflected in the assumptions when they
occur.
Estimasi Cadangan dan Sumber Daya Tertambang Estimated Mineral Reserve and Resources
Dalam memperkirakan cadangan dan sumber daya In order to estimate mineral reserves and resources,
mineral diperlukan beberapa asumsi seperti faktor assumptions are required about a range of
geologi, teknis dan ekonomi, termasuk jumlah, geological, technical and economic factors,
teknik produksi, tanah, biaya produksi, biaya including quantities, production techniques, land,
transportasi, permintaan komoditas, harga production costs, transport costs, commodity
komoditas dan nilai tukar mata uang. demand, commodity prices and exchange rates.
Estimasi jumlah dan/atau nilai kadar cadangan dan Estimating the quantity and/or calorific value of
sumber daya mineral ditentukan oleh ukuran, mineral reserves and resources requires the size,
bentuk dan kedalaman serta penyebaran dalam shape and depth of mineral bodies or fields to be
area of interest yang ditentukan dengan melakukan determined by analyzing geological data such as
analisa data geologis seperti validasi data sampel drilling samples. This process may require complex
dan analisa laboratorium secara akurat. Proses ini and difficult geological judgments to interpret the
mungkin memerlukan pertimbangan geologis yang data.
kompleks dan sulit dalam menginterpretasikan data.
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI 3. SIGNIFICANT JUDGMENTS, ESTIMATES AND
YANG SIGNIFIKAN (lanjutan) ASSUMPTIONS (continued)
Estimasi dan Asumsi (lanjutan) Estimates and Assumptions (continued)
Estimasi Cadangan dan Sumber Daya Tertambang Estimated Mineral Reserve and Resources
(lanjutan) (continued)
Karena asumsi-asumsi ekonomi yang digunakan Because the economic assumptions used to
untuk membuat estimasi atas jumlah cadangan dan estimate reserves and resources change from
sumber daya berubah dari waktu ke waktu dan period to period, and additional geological data is
karena adanya data geologi tambahan yang generated during the course of operations or change
dihasilkan selama periode operasi ataupun in the method used, estimates of reserves and
perubahan metode yang digunakan, maka jumlah resources may also change from period to period.
estimasi cadangan dan sumber daya dapat berubah Changes in reported reserves and resources may
dari waktu ke waktu. Perubahan cadangan dan affect the Group’s financial results and financial
sumber daya yang dilaporkan dapat mempengaruhi position in a number of ways, including the following:
hasil dan posisi keuangan Grup dalam berbagai
bentuk, diantaranya:
- Nilai aset tercatat dapat terpengaruh akibat - Asset carrying values may be affected due to
perubahan estimasi arus kas masa depan. changes in estimated future cash flows.
- Depresiasi dan amortisasi yang dibebankan - Depreciation and amortization charged in the
dalam laporan laba rugi dan penghasilan consolidated statements of profit or loss and
komprehensif lain konsolidasian dapat berubah other comprehensive income may change
jika biaya tersebut ditentukan berdasarkan where such charges are determined on unit of
basis satuan unit produksi, atau jika terdapat production basis, or where the useful economic
perubahan estimasi atas masa manfaat lives of assets change.
ekonomis aset.
- Provisi untuk pengelolaan dan reklamasi - Provision for environmental and reclamation
lingkungan hidup dapat berubah karena costs may change where changes in estimated
perubahan estimasi cadangan mempengaruhi reserves affect expectations about the timing or
ekspektasi atas saat atau biaya kegiatan- cost of these activities.
kegiatan tersebut.
Provisi reklamasi dan pascatambang Provision for reclamation and mine closure
Kebijakan akuntansi Grup untuk pengakuan provisi The Group’s accounting policy for the recognition of
reklamasi dan pascatambang membutuhkan mine reclamation and closure provisions requires
estimasi dan asumsi yang signifikan, seperti significant estimates and assumptions, such as
persyaratan hukum dan regulasi yang relevan, requirements of the relevant legal and regulatory
besarnya lahan terganggu yang mungkin terjadi, framework, the magnitude of possible land
serta waktu, cakupan dan biaya yang dibutuhkan disturbance and the timing, extent and costs of
untuk kegiatan penutupan dan rehabilitasi. required closure and rehabilitation activity. These
Ketidakpastian ini dapat menimbulkan perbedaan uncertainties may result in actual future expenditure
antara jumlah biaya aktual yang terjadi di masa that differs from the amounts currently provided. The
depan dengan jumlah yang dicadangkan saat ini. provision recognized for each site is periodically
Provisi yang diakui untuk setiap lokasi secara reviewed and updated based on the facts and
berkala ditinjau dan diperbaharui berdasarkan fakta- circumstances available at that time.
fakta dan keadaan pada saat itu.
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
4. KAS DAN BANK 4. CASH ON HAND AND IN BANKS
Akun ini terdiri dari: This account consists of:
2025 2024
Kas Cash on Hand
Dolar Amerika Serikat 69.184 1.815 United States Dollar
Rupiah 11.288 74.481 Rupiah
Sub-total 80.472 76.296 Sub-total
Bank Cash in Banks
Rekening Rupiah Rupiah Accounts
PT Bank OCBC NISP Tbk. 1.787.268 330.199 PT Bank OCBC NISP Tbk.
PT Bank Mandiri (Persero) Tbk. 102.375 2.845.205 PT Bank Mandiri (Persero) Tbk.
PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia
(Persero) Tbk. 58.887 75.591 (Persero) Tbk.
PT Bank Permata Tbk. 51.167 52.389 PT Bank Permata Tbk.
PT Bank UOB Indonesia 25.718 9.403 PT Bank UOB Indonesia
PT Bank Central Asia Tbk. 8.912 13.546 PT Bank Central Asia Tbk.
PT Bank DBS Indonesia 6.826 2.575 PT Bank DBS Indonesia
Bank of China (Hong Kong) Bank of China (Hong Kong)
Ltd., Cabang Jakarta 3.004 8.373 Ltd., Jakarta Branch
PT Bank Pan Indonesia Tbk. 2.345 6.525 PT Bank Pan Indonesia Tbk.
Citibank N.A., Indonesia - 5 Citibank N.A., Indonesia
Rekening Dolar AS United States Dollar Accounts
PT Bank OCBC NISP Tbk. 3.486.515 2.490.747 PT Bank OCBC NISP Tbk.
PT Bank UOB Indonesia 325.874 466.086 PT Bank UOB Indonesia
PT Bank Mandiri (Persero) Tbk. 41.482 69.648 PT Bank Mandiri (Persero) Tbk.
PT Bank Central Asia Tbk. 10.537 5.180 PT Bank Central Asia Tbk.
PT Bank DBS Indonesia 2.489 4.749 PT Bank DBS Indonesia
PT Bank Pan Indonesia Tbk. 175 169 PT Bank Pan Indonesia Tbk.
Bank of China (Hong Kong) Bank of China (Hong Kong)
Ltd., Cabang Jakarta 24 2.136 Ltd., Jakarta Branch
Citibank N.A., Indonesia - 676 Citibank N.A., Indonesia
Rekening Yuan Tiongkok Chinese Yuan Accounts
PT Bank OCBC NISP Tbk. 21.234 1 PT Bank OCBC NISP Tbk.
Bank of China (Hong Kong) Bank of China (Hong Kong)
Ltd., Cabang Jakarta 1.066 1 Ltd., Jakarta Branch
Bank of China Limited, Bank of China Limited,
Cabang Fenghua 1 26.902 Fenghua Branch
Sub-total 5.935.899 6.410.106 Sub-total
Total 6.016.371 6.486.402 Total
Rekening di bank memiliki tingkat bunga Accounts in banks earn interest at floating and fixed
mengambang dan tetap sesuai dengan tingkat rates based on the offered rate from each bank.
penawaran pada masing-masing bank. Pendapatan Interest income are presented as part of “Finance
bunga dicatat sebagai bagian dari akun Income” in the consolidated statement of profit or
“Penghasilan Keuangan” dalam laporan laba rugi loss and other comprehensive income (Note 33).
dan penghasilan komprehensif lain konsolidasian
(Catatan 33).
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
5. PIUTANG USAHA 5. TRADE RECEIVABLES
Akun ini terdiri dari: This account consists of:
2025 2024
Pihak ketiga 1.141.177 1.037.645 Third parties
Pihak berelasi (Catatan 35) 796.704 503.839 Related parties (Note 35)
Total 1.937.881 1.541.484 Total
Rincian piutang usaha berdasarkan mata uang The details of trade receivables based on currencies
adalah sebagai berikut: are as follows:
2025 2024
Dolar Amerika Serikat 1.121.988 1.037.645 United States Dollar
Rupiah 815.893 503.839 Rupiah
Total 1.937.881 1.541.484 Total
Rincian umur piutang usaha adalah sebagai berikut: The details of aging of trade receivables are as
follows:
2025 2024
Belum jatuh tempo 1.703.062 1.511.804 Not past due
Lewat jatuh tempo: Overdue:
1 - 30 hari 234.819 29.680 1 - 30 days
31 - 60 hari - - 31 - 60 days
61 - 90 hari - - 61 - 90 days
Lebih dari 90 hari - - More than 90 days
Total 1.937.881 1.541.484 Total
Piutang usaha tidak dikenakan bunga dan tidak Trade receivables are non-interest bearing and
memiliki jaminan. unsecured.
Pada tanggal 31 Desember 2025 dan 2024, As of December 31, 2025 and 2024, based on the
berdasarkan hasil penelaahan terhadap masing- review of trade receivables at the end of year,
masing akun piutang usaha pada akhir tahun, respectively, the management believes that the
manajemen berkeyakinan bahwa cadangan KKE allowance for ECL on trade receivables is not
piutang usaha belum diperlukan. considered necessary.
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
6. PIUTANG LAIN-LAIN 6. OTHER RECEIVABLES
Piutang lain-lain terutama terdiri atas piutang sewa Other receivables mainly consists of rental of heavy
alat berat, sewa kendaraan, jasa tenaga kerja dan equipment, rental of vehicles, manpower services
reimbursement atas biaya operasional lainnya, and reimbursement of other operational expenses,
dengan rincian sebagai berikut: with detail as follows:
2025 2024
Pihak berelasi (Catatan 35) 19.436 14.290 Related parties (Note 35)
Pihak ketiga 13.914 18.350 Third parties
Total 33.350 32.640 Total
Piutang lain-lain tidak dikenakan bunga dan tidak Other receivables are non-interest bearing and
memiliki jaminan. unsecured.
Pada tanggal 31 Desember 2025 dan 2024, As of December 31, 2025 and 2024, based on the
berdasarkan hasil penelaahan terhadap masing- review of other receivables at the end of year,
masing akun piutang lain-lain pada akhir tahun, respectively, the management believes that all of the
manajemen berkeyakinan bahwa cadangan KKE allowance for ECL on other receivables is not
piutang lain-lain belum diperlukan. considered necessary.
7. PERSEDIAAN 7. INVENTORIES
Persediaan, semuanya dicatat pada nilai perolehan Inventories, all recognized at cost consists of:
terdiri atas:
2025 2024
Barang jadi (Catatan 30) 2.249.741 2.259.885 Finished goods (Note 30)
Bahan baku 2.068.353 1.618.701 Raw materials
Suku cadang 925.836 642.371 Spareparts
Bahan bakar dan batubara 388.685 455.283 Fuel and coal
Goods in transit 124.121 49.608 Goods in transit
Bahan pendukung dan pembungkus 119.077 132.296 Supporting and packaging materials
Total 5.875.813 5.158.144 Total
Biaya persediaan yang dijual atau digunakan dalam The cost of inventories sold or used in operations is
operasi diakui sebagai beban dan termasuk dalam recognized as an expense and included in
“Beban Pokok Penjualan” (Catatan 30). “Cost of Goods Sold” (Note 30).
Berdasarkan hasil penelaahan terhadap harga Based on a review of the market prices and physical
pasar dan kondisi fisik dari persediaan pada tanggal conditions of the inventories at the reporting date,
pelaporan, manajemen berkeyakinan bahwa the management believes that all inventories are
seluruh persediaan dapat terjual atau digunakan, available to sale or usable, therefore, the allowance
sehingga cadangan atas keusangan dan penurunan for net realizable value of inventories is considered
nilai pasar persediaan belum diperlukan. not necessary.
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
7. PERSEDIAAN (lanjutan) 7. INVENTORIES (continued)
Pada tanggal 31 Desember 2025 dan 2024, As of December 31, 2025 and 2024 certain
persediaan tertentu milik entitas anak tertentu telah inventories of certain subsidiaries are covered by
diasuransikan terhadap risiko kerugian atas insurance against losses from fire and other risks
kebakaran dan risiko lainnya berdasarkan suatu under a certain policy package with combined
paket polis tertentu dengan nilai pertanggungan coverage amounting to US$267,105,068 and
gabungan masing-masing sebesar AS$267.105.068 US$271,161,740 (or equivalent to Rp4,482,557 and
dan AS$271.161.740 (atau setara dengan Rp4,382,516), respectively.
Rp4.482.557 dan Rp4.382.516).
Manajemen berkeyakinan bahwa nilai The management believes that the insurance
pertanggungan tersebut cukup untuk menutup coverage is adequate to cover possible losses that
kemungkinan kerugian dari risiko-risiko tersebut. may arise from such risks.
8. BIAYA DIBAYAR DI MUKA DAN UANG MUKA 8. PREPAID EXPENSES AND ADVANCES
Biaya dibayar di muka terdiri dari: Prepaid expenses consists of:
2025 2024
Asuransi untuk aset tetap 16.835 27.386 Insurance for fixed assets
Operasional pertambangan - 12.168 Mining operational
Lain-lain 2.564 1.553 Others
Total 19.399 41.107 Total
Uang muka terdiri dari: Advances consists of:
2025 2024
Uang muka operasional 128.486 100.030 Advances for operational
Uang muka royalti 66.972 31.084 Advances for royalty
Total 195.458 131.114 Total
9. INVESTASI PADA SAHAM 9. INVESTMENT IN SHARES
PT Obi Nickel Cobalt (“ONC”) PT Obi Nickel Cobalt (“ONC”)
ONC didirikan pada tanggal 20 Agustus 2021 ONC was established on August 20, 2021 based on
berdasarkan Akta No. 10 yang dibuat di hadapan Notarial Deed No. 10 of Ida Waty Salim, S.H., M.Kn.,
Ida Waty Salim, S.H., M.Kn., dan telah disahkan and was approved by the Minister
oleh Menteri Hukum dan Hak Asasi Manusia of Law and Human Rights of the Republic
Republik Indonesia berdasarkan Surat Keputusan of Indonesia based on its Decision
No. AHU-0053168.AH.01.01 tanggal Letter No. AHU-0053168.AH.01.01 dated
26 Agustus 2021. August 26, 2021.
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
9. INVESTASI PADA SAHAM (lanjutan) 9. INVESTMENT IN SHARES (continued)
PT Obi Nickel Cobalt (“ONC”) (lanjutan) PT Obi Nickel Cobalt (“ONC”) (continued)
Perusahaan melakukan investasi pada saham The Company made an investment in shares
senilai Rp108.750 pada ONC, pihak berelasi, yang amounting to Rp108,750 in ONC, a related party,
memiliki usaha di bidang industri logam dasar, yang which has a business in the field of basic metal
mencakup usaha pemurnian, peleburan, pemaduan industry, which includes the business of refining,
dan penuangan logam-logam bukan besi dalam smelting, scouting and casting of non-ferrous metals
bentuk dasar. Perusahaan memiliki komposisi in their basic form. The Company has 10%
kepemilikan sebesar 10% dengan total 108.750 ownership with total of 108,750 shares.
lembar saham.
Berdasarkan Akta Notaris Eirenes Maria Hendra, Based on Notarial Deed of Eirenes Maria Hendra,
S.H., M.Kn., No. 1 pada tanggal 6 Juni 2024, S.H., M.Kn., No. 1, dated June 6, 2024, ONC
pemegang saham ONC menyetujui peningkatan shareholders approved the increase in ONC’s
modal dasar dari Rp4.350.000 menjadi Rp6.282.400 authorized capital from Rp4,350,000 to become
serta peningkatan modal ditempatkan dan disetor Rp6,282,400 and increase issued and fully paid
dari Rp1.087.500 menjadi Rp6.282.400, sehingga capital from Rp1,087,500 to become Rp6,282,400,
susunan pemegang saham ONC menjadi sebagai hence the composition of ONC shareholders
berikut: become as follows:
1. Lygend New Power (Hong Kong) Ltd., 1. Lygend New Power (Hong Kong) Ltd., China
Tiongkok sebesar Rp3.769.440 atau setara amounting to Rp3,769,440 or equivalent to
dengan persentase kepemilikan 60,00%; percentage shares ownership of 60.00%;
2. Li Yuen Pte. Ltd., Singapura sebesar 2. Li Yuen Pte. Ltd., Singapore amounting to
Rp1.884.720 atau setara dengan persentase Rp1,884,720 or equivalent to percentage
kepemilikan 30,00%; dan shares ownership of 30.00%; and
3. Perusahaan sebesar Rp628.240 atau setara 3. The Company amounting to Rp628,240 or
dengan persentase kepemilikan 10,00%. equivalent to percentage shares ownership of
10.00%.
Perubahan tersebut telah disetujui oleh Menteri The changes were approved by the Minister of Law
Hukum dan Hak Asasi Manusia and Human Rights of the Republic of
Republik Indonesia berdasarkan Surat Keputusan Indonesia based in its Decision Letter
No. AHU-AH.01.03-0141505 tanggal 12 Juni 2024. No. AHU-AH.01.03-0141505 dated June 12, 2024.
Selama tahun 2024, Perusahaan telah melakukan During 2024, the Company has made payment for
setoran uang muka untuk penerbitan saham advance for stock subscription totaling to
sejumlah Rp179.240. Rp179,240.
Pada tanggal 13 Desember 2024, Perusahaan On December 13, 2024, the Company acquired
mengakuisisi 628.240 lembar saham ONC atau 628,240 shares of ONC or equivalent to percentage
setara dengan persentase kepemilikan 10% shares ownership 10% (at par value of Rp3,370,570
(dengan nominal sebesar Rp3.370.570 (angka (full amount) per share) from Li Yuen Pte. Ltd.,
penuh) per saham) dari Li Yuen Pte. Ltd., Singapura Singapore (“Li Yuen”), which represents 20% equity
(“Li Yuen”), yang mewakili 20% kepemilikan saham ownership in ONC. A more detailed description is
di ONC. Penjelasan lebih rinci dijelaskan dalam described in Note 10.
Catatan 10.
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
9. INVESTASI PADA SAHAM (lanjutan) 9. INVESTMENT IN SHARES (continued)
PT Obi Nickel Cobalt (“ONC”) (lanjutan) PT Obi Nickel Cobalt (“ONC”) (continued)
Berdasarkan laporan penilaian KJPP Benedictus Based on the valuation report of KJPP Benedictus
Darmapuspita & Rekan tertanggal 18 Maret 2025 Darmapuspita & Rekan dated March 18, 2025 which
menggunakan pendekatan pendapatan dan uses income approach and asset approach for
pendekatan aset untuk penilaian nilai wajar valuation of fair value of investment in shares on
investasi pada saham ONC per tanggal ONC as of December 13, 2024, the Company
13 Desember 2024, Perusahaan mengakui laba recognized gain on investment in shares on ONC
perubahan nilai atas investasi pada saham ke ONC amounting to Rp1,513,370 and recorded as
sebesar Rp1.513.370 dan dicatat sebagai “Changes in value of financial assets at fair value
“Perubahan nilai aset keuangan pada nilai wajar through other comprehensive income” in the
melalui penghasilan komprehensif lain” dalam consolidated statement of profit or loss and other
laporan laba rugi dan penghasilan komprehensif lain comprehensive income for the year ended
konsolidasian untuk tahun yang berakhir pada December 31, 2024.
tanggal 31 Desember 2024.
10. INVESTASI PADA ENTITAS ASOSIASI 10. INVESTMENT IN ASSOCIATES
Berikut ini adalah rincian investasi pada entitas The following describes the details of the
asosiasi milik Perusahaan: Company’s investment in associates:
Investasi pada
Entitas Asosiasi
Persentase Kepemilikan (dalam Miliar Rupiah)/
Awal Efektif Grup (%)/Effective Investment in
Operasi Percentage of Ownership Associates
Komersial/ of the Group (%) (in Billions of Rupiah)
Start of
Entitas Asosiasi/ Domisili/ Commercial Kegiatan Usaha/
Associates Domicile Operations Business Activities 2025 2024 2025 2024
Dimiliki langsung oleh Perusahaan:/
Held directly by the Company:
PT Halmahera Persada Lygend Provinsi DKI Jakarta/ 2021 Pengolahan nikel/ 45,10 45,10 12.146,81 8.854,92
(“HPL”) Province of DKI Jakarta Nickel processing
PT Obi Nickel Cobalt Provinsi DKI Jakarta/ 2024 Pengolahan nikel/ 40,00 20,00 8.556,39 4.346,89
(“ONC”) Province of DKI Jakarta Nickel processing
PT Karunia Permai Sentosa Provinsi DKI Jakarta/ 2025 Pengolahan nikel/ 35,00 35,00 2.491,09 2.114,58
(“KPS”) Province of DKI Jakarta Nickel processing
PT Cipta Kemakmuran Mitra Provinsi DKI Jakarta/ - Pengolahan kapur/ 40,00 40,00 339,97 132,19
(“CKM”) Province of DKI Jakarta Lime processing
PT Dharma Cipta Mulia Provinsi DKI Jakarta/ 2024 Industri real estate/ 40,00 40,00 143,65 70,84
(“DCM”) Province of DKI Jakarta Real estate industry
PT Obi Stainless Steel Provinsi DKI Jakarta/ - Pengolahan besi dan baja/ 35,00 35,00 1,09 1,06
(“OSS”) Province of DKI Jakarta Steel and iron refinery
PT Karya Tambang Sentosa Provinsi DKI Jakarta/ - Pertambangan nikel/ 36,00 36,00 - 0,45
(“KTS”) Province of DKI Jakarta Nickel mining
Entitas asosiasi yang material terhadap Grup adalah The material associates of the Group are HPL, ONC
HPL, ONC dan KPS. Semua entitas asosiasi and KPS. All associates are private companies in
merupakan perusahaan swasta tertutup di mana which there are no quoted market share prices
tidak terdapat harga pasar saham kuotasian yang available. The Group’s interests in all associated are
tersedia. Kepentingan Grup pada seluruh entitas accounted for using the equity method in the
asosiasi dicatat dengan menggunakan metode consolidated financial statements.
ekuitas dalam laporan keuangan konsolidasian.
63
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Page 344
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
10. INVESTASI PADA ENTITAS ASOSIASI (lanjutan) 10. INVESTMENT IN ASSOCIATES (continued)
Rincian investasi pada entitas asosiasi adalah The details of investment in associates are as
sebagai berikut: follows:
2025 2024
PT Halmahera Persada Lygend 12.146.809 8.854.919 PT Halmahera Persada Lygend
PT Obi Nickel Cobalt 8.556.393 4.346.887 PT Obi Nickel Cobalt
PT Karunia Permai Sentosa 2.491.089 2.114.584 PT Karunia Permai Sentosa
Lain-lain 484.711 204.540 Others
Total 23.679.002 15.520.930 Total
Berikut ini adalah rincian bagian atas laba (rugi) The following describes the details of share in profit
entitas asosiasi: (loss) of associates:
2025 2024
PT Halmahera Persada Lygend 2.306.536 1.994.829 PT Halmahera Persada Lygend
PT Obi Nickel Cobalt 1.462.710 54.800 PT Obi Nickel Cobalt
PT Karunia Permai Sentosa 311.891 (67.504) PT Karunia Permai Sentosa
Lain-lain 9.611 30.769 Others
Total 4.090.748 2.012.894 Total
Berikut ini adalah rincian bagian penghasilan The following describes the details of share of other
komprehensif lain dari entitas asosiasi: comprehensive income of associates:
2025 2024
PT Obi Nickel Cobalt 480.983 29.169 PT Obi Nickel Cobalt
PT Halmahera Persada Lygend 398.641 407.660 PT Halmahera Persada Lygend
PT Karunia Permai Sentosa 87.635 119.897 PT Karunia Permai Sentosa
Lain-lain 455 (17.102) Others
Total 967.714 539.624 Total
HPL HPL
Berdasarkan Akta Notaris Marichicha Puicha L. Based on Notarial Deed of Marichicha Puicha L.
Sianturi, S.H., M.Kn., No. 1 pada tanggal Sianturi, S.H., M.Kn., No. 1, dated
8 September 2025, pemegang saham HPL September 8, 2025, HPL’s shareholders approved
menyetujui peningkatan modal dasar dari the increase in HPL’s authorized capital from
Rp6.000.000 menjadi Rp6.283.286 serta Rp6,000,000 to become Rp6,283,286 and increase
peningkatan modal ditempatkan dan disetor dari issued and fully paid capital from Rp5,030,000 to
Rp5.030.000 menjadi Rp6.283.286, sehingga become Rp6,283,286, hence the composition of
susunan pemegang saham HPL menjadi sebagai HPL shareholders become as follows:
berikut:
1. Perusahaan sebesar Rp2.833.762 atau setara 1. The Company amounting to Rp2,833,762 or
dengan persentase kepemilikan 45,10%; equivalent to percentage shares ownership of
45.10%;
2. Lygend Resources & Technology Co., Ltd., 2. Lygend Resources & Technology Co., Ltd.,
Tiongkok sebesar Rp1.856.070 atau setara China amounting to Rp1,856,070 or equivalent
dengan persentase kepemilikan 29,54%; dan to percentage shares ownership of 29.54%;
and
3. Kang Xuan Pte., Ltd., Singapura sebesar 3. Kang Xuan Pte., Ltd., Singapore amounting to
Rp1.593.454 atau setara dengan persentase Rp1,593,454 or equivalent to percentage
kepemilikan 25,36%. shares ownership of 25.36%.
64
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
10. INVESTASI PADA ENTITAS ASOSIASI (lanjutan) 10. INVESTMENT IN ASSOCIATES (continued)
HPL (lanjutan) HPL (continued)
Perubahan tersebut telah disetujui oleh Menteri The changes were approved by the Minister of Law
Hukum Republik Indonesia berdasarkan Surat of the Republic of Indonesia based in its Decision
Keputusan No. AHU-AH.01.03-0234277 tanggal Letter No. AHU-AH.01.03-0234277 dated
10 September 2025. September 10, 2025.
Berdasarkan Akta Notaris Eirenes Maria Hendra, Based on the Notarial Deed of Eirenes Maria
S.H., M.Kn., No. 2 tanggal 12 Desember 2024, para Hendra, S.H., M.Kn., No. 2 dated
pemegang saham HPL menyetujui untuk December 12, 2024, HPL’s shareholder agreed to
membagikan dividen sebesar AS$200.000.000 distribute dividends amounting to US$200,000,000
(atau setara dengan Rp3.187.800), dimana dividen (or equivalent to Rp3,187,800), which dividend
yang dibagikan HPL kepada Perusahaan adalah distributed by HPL to the Company was amounting
sebesar AS$90.200.000 (atau setara dengan to US$90,200,000 (or equivalent to Rp1,437,698).
Rp1.437.698).
Berikut ini adalah rincian investasi Perusahaan The following describes detail of the Company in
pada HPL: HPL:
2025 2024
Nilai perolehan investasi 2.914.104 2.348.872 Cost of investment
Akumulasi bagian atas laba 9.574.607 7.268.071 Accumulated share in profit
Akumulasi bagian Accumulated share of
penghasilan komprehensif lain 1.171.587 772.946 other comprehensive income
Akumulasi laba belum terealisasi (75.791) (97.272) Accumulated unrealized profit
Akumulasi dividen (1.437.698) (1.437.698) Accumulated dividend
Nilai tercatat investasi 12.146.809 8.854.919 Carrying value of investment
Ringkasan informasi keuangan: Summary of financial information:
2025 2024
Aset Assets
Aset lancar 12.508.252 6.758.643 Current assets
Aset tidak lancar 19.402.854 19.529.548 Non-current assets
Total Aset 31.911.106 26.288.191 Total Assets
Liabilitas Liabilities
Liabilitas jangka pendek (4.606.957) (4.422.199) Current liabilities
Liabilitas jangka panjang (123.970) (2.016.345) Non-current liabilities
Total Liabilitas (4.730.927) (6.438.544) Total Liabilities
Kepentingan nonpengendali (79.071) - Non-controlling interests
Aset Neto 27.101.108 19.849.647 Net Assets
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
10. INVESTASI PADA ENTITAS ASOSIASI (lanjutan) 10. INVESTMENT IN ASSOCIATES (continued)
HPL (lanjutan) HPL (continued)
Ringkasan informasi keuangan: (lanjutan) Summary of financial information: (continued)
2025 2024
Pendapatan dari kontrak Revenue from contracts
dengan pelanggan 17.778.921 15.823.781 with customers
Laba tahun berjalan 5.114.270 4.423.124 Profit for the year
Penghasilan komprehensif Other comprehensive income
lain tahun berjalan for the year
- setelah pajak 883.904 903.902 - net of tax
Total penghasilan komprehensif Total comprehensive
tahun berjalan 5.998.174 5.327.026 income for the year
ONC ONC
Perusahaan memiliki 10% kepemilikan saham pada The Company has held 10% of equity ownership in
ONC sejak 20 Agustus 2021 (Catatan 9). ONC since August 20, 2021 (Note 9). Based on the
Berdasarkan Akta Notaris Marichicha Puicha L. Notarial Deed of Marichicha Puicha L. Sianturi, S.H.,
Sianturi, S.H., M.Kn., No. 13 tanggal M.Kn., No. 13 dated December 13, 2024, the
13 Desember 2024, Perusahaan mengakuisisi Company acquired an additional 10% equity
tambahan kepemilikan saham ONC sebesar 10% ownership in ONC for total cash consideration of
dengan total imbalan kas sejumlah Rp2.117.527 Rp2,117,527 from Li Yuen.
dari Li Yuen.
Perubahan tersebut telah disahkan oleh Menteri The changes were approved by the Minister of Law
Hukum dan Hak Asasi Manusia Republik and Human Rights of the Republic of
Indonesia berdasarkan Surat Keputusan Indonesia based on its Decision Letter No.
No. AHU-AH.01.09-0287648 tanggal AHU-AH.01.09-0287648 dated December 13, 2024.
13 Desember 2024.
Berdasarkan laporan valuasi KJPP Benedictus Based on the valuation report of KJPP Benedictus
Darmapuspita & Rekan tanggal 18 Maret 2025, Darmapuspita & Rekan dated March 18, 2025, net
jumlah nilai wajar neto aset dan liabilitas fair value of identifiable assets and liabilities for the
teridentifikasi atas 20% kepemilikan saham ONC 20% ownership in ONC on December 13, 2024 was
pada tanggal 13 Desember 2024 adalah sebesar Rp2,276,205.
Rp2.276.205.
Transaksi ini menyebabkan Perusahaan This transaction resulted in the Company obtaining
memperoleh pengaruh signifikan atas ONC dan significant influence of ONC and commencing the
mulai menerapkan metode ekuitas. Pada saat application of equity method. Upon obtaining
Perusahaan memperoleh pengaruh signifikan atas significant influence in ONC, any difference between
ONC, selisih antara biaya investasi (termasuk the cost (including the previously own equity
kepemilikan saham sebelumnya) dan bagian ownership) and the Company's share of the net fair
Perusahaan atas nilai wajar neto aset dan liabilitas value of ONC’s identifiable assets and liabilities is
teridentifikasi ONC dicatat sebagai goodwill yang accounted as goodwill as part of the investment's
menjadi bagian dari jumlah tercatat investasi dan carrying amount and is not amortized.
tidak diamortisasi.
66
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
10. INVESTASI PADA ENTITAS ASOSIASI (lanjutan) 10. INVESTMENT IN ASSOCIATES (continued)
ONC (lanjutan) ONC (continued)
Berdasarkan Akta Notaris Marichicha Puicha L. Based on the Notarial Deed of Marichicha Puicha L.
Sianturi, S.H., M.Kn., No. 15 tanggal 25 Juni 2025, Sianturi, S.H., M.Kn., No. 15 dated June 25, 2025,
Perusahaan melakukan penambahan kepemilikan the Company increase its share ownership 20%
saham ONC sebesar 20% dengan total imbalan kas equity ownership in ONC for total cash consideration
sebesar AS$262.913.649 (atau setara dengan amounting to US$262,913,649 (or equivalent to
Rp4.249.210) dari PT Harita Jayaraya. Rp4,249,210) from PT Harita Jayaraya.
Perubahan tersebut telah disahkan oleh Menteri The changes were approved by the Minister of Law
Hukum Republik Indonesia berdasarkan Surat of the Republic of Indonesia based on its Decision
Keputusan No. AHU-AH.01.09-0302702 tanggal Letter No. AHU-AH.01.09-0302702 dated
25 Juni 2025. June 25, 2025.
Berdasarkan Akta Notaris Marichicha Puicha L. Based on Notarial Deed of Marichicha Puicha L.
Sianturi, S.H., M.Kn., No. 26 tanggal 1 Juli 2025, Sianturi, S.H., M.Kn., No. 26 dated July 1, 2025,
para pemegang saham ONC menyetujui untuk ONC’s shareholder agreed to distribute dividends
membagikan dividen sebesar AS$100.000.000, amounting to US$100,000,000, which dividend
dimana dividen yang dibagikan ONC kepada distributed by ONC to the Company was amounting
Perusahaan adalah sebesar AS$40.000.000 (atau to US$40,000,000 (or equivalent to Rp648,160).
setara dengan Rp648.160).
Berdasarkan Keputusan Sirkular Sebagai Based on Circular Resolutions in Lieu of a Meeting
Pengganti Rapat Dewan Komisaris ONC tanggal of the Board of Commissioners of ONC dated
25 November 2025, para pemegang saham ONC November 25, 2025, ONC’s shareholder agreed to
menyetujui untuk membagikan dividen sebesar distribute dividends amounting to US$130,033,822,
AS$130.033.822, dimana dividen yang dibagikan which dividend distributed by ONC to the Company
ONC kepada Perusahaan adalah sebesar was amounting to US$52,013,529 (or equivalent to
AS$52.013.529 (atau setara dengan Rp866.597). Rp866,597).
Berdasarkan Keputusan Sirkular Sebagai Based on Circular Resolutions in Lieu of a Meeting
Pengganti Rapat Dewan Komisaris ONC tanggal of the Board of Commissioners of ONC dated
25 November 2025, para pemegang saham ONC November 25, 2025, ONC’s shareholder agreed to
menyetujui untuk membagikan dividen sebesar distribute dividends amounting to US$69,966,178,
AS$69.966.178, dimana dividen yang dibagikan which dividend distributed by ONC to the Company
ONC kepada Perusahaan adalah sebesar was amounting to US$27,986,471 (or equivalent to
AS$27.986.471 (atau setara dengan Rp465.471). Rp465,471).
67
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
10. INVESTASI PADA ENTITAS ASOSIASI (lanjutan) 10. INVESTMENT IN ASSOCIATES (continued)
ONC (lanjutan) ONC (continued)
Berikut ini adalah rincian investasi Perusahaan The following describes detail of the Company in
pada ONC: ONC:
2025 2024
Nilai perolehan investasi 8.522.925 4.273.715 Cost of investment
Akumulasi bagian atas laba 1.517.510 54.800 Accumulated share in profit
Akumulasi bagian Accumulated share of
penghasilan komprehensif lain 510.152 29.169 other comprehensive income
Dividen (1.980.228) - Dividend
Akumulasi laba belum terealisasi (13.966) (10.797) Accumulated unrealized profit
Nilai tercatat investasi 8.556.393 4.346.887 Carrying value of investment
Ringkasan informasi keuangan: Summary of financial information:
2025 2024
Aset Assets
Aset lancar 7.307.790 6.481.199 Current assets
Aset tidak lancar 18.966.697 18.729.571 Non-current assets
Total Aset 26.274.487 25.210.770 Total Assets
Liabilitas Liabilities
Liabilitas jangka pendek (5.644.788) (3.779.437) Current liabilities
Liabilitas jangka panjang (9.687.692) (10.947.673) Non-current liabilities
Total Liabilitas (15.332.480) (14.727.110) Total Liabilities
Aset Neto 10.942.007 10.483.660 Net Assets
2025 2024
Pendapatan dari kontrak Revenue from contracts
dengan pelanggan 16.970.071 8.249.058 with customers
Laba tahun berjalan 4.994.792 3.927.481 Profit for the year
Penghasilan komprehensif Other comprehensive income
lain tahun berjalan - setelah pajak 1.202.458 555.484 for the year - net of tax
Total penghasilan komprehensif Total comprehensive
tahun berjalan 6.197.250 4.482.965 income for the year
68
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Page 349
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
10. INVESTASI PADA ENTITAS ASOSIASI (lanjutan) 10. INVESTMENT IN ASSOCIATES (continued)
KPS KPS
Berdasarkan Akta Notaris Eirenes Maria Hendra, Based on Notarial Deed of Eirenes Maria Hendra,
S.H., M.Kn., No. 2 pada tanggal 9 Oktober 2024, S.H., M.Kn., No. 2, dated October 9, 2024, KPS’
pemegang saham KPS menyetujui peningkatan shareholders approved the increase in KPS’
modal dasar dari Rp3.237.600 menjadi Rp6.029.167 authorized capital from Rp3,237,600 to become
serta peningkatan modal ditempatkan dan disetor Rp6,029,167 and increase issued and fully paid
dari Rp809.400 menjadi Rp6.029.167, sehingga capital from Rp809,400 to become Rp6,029,167,
susunan pemegang saham KPS menjadi sebagai hence the composition of KPS shareholders
berikut: become as follows:
1. Ningbo Baoxin Special Steel Technology Co., 1. Ningbo Baoxin Special Steel Technology Co.,
Ltd., Tiongkok sebesar Rp3.918.959 atau setara Ltd., China amounting to Rp3,918,959 or
dengan persentase kepemilikan 65,00%; dan equivalent to percentage shares ownership of
65.00%; and
2. Perusahaan sebesar Rp2.110.208 atau setara 2. The Company amounting to Rp2,110,208 or
dengan persentase kepemilikan 35,00%. equivalent to percentage shares ownership of
35.00%.
Perubahan tersebut telah disetujui oleh Menteri The changes were approved by the Minister of Law
Hukum dan Hak Asasi Manusia and Human Rights of the Republic of
Republik Indonesia berdasarkan Surat Indonesia based in its Decision
Keputusan No. AHU-AH.01.03-0200139 tanggal Letter No. AHU-AH.01.03-0200139 dated
11 Oktober 2024. October 11, 2024.
Selama tahun 2024, KPS telah mengembalikan sisa During 2024, KPS has returned the remaining
setoran uang muka sejumlah Rp82.642. advance totaling to Rp82,642.
Berikut ini adalah rincian investasi Perusahaan The following describes detail of the Company in
pada KPS: KPS:
2025 2024
Nilai perolehan investasi 2.110.208 2.110.208 Cost of investment
Akumulasi bagian atas laba (rugi) 199.763 (112.128) Accumulated share in profit (loss)
Akumulasi bagian Accumulated share of
penghasilan komprehensif lain 228.639 141.004 other comprehensive income
Akumulasi laba belum terealisasi (47.521) (24.500) Accumulated unrealized profit
Nilai tercatat investasi 2.491.089 2.114.584 Carrying value of investment
69
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
10. INVESTASI PADA ENTITAS ASOSIASI (lanjutan) 10. INVESTMENT IN ASSOCIATES (continued)
KPS (lanjutan) KPS (continued)
Ringkasan informasi keuangan: Summary of financial information:
2025 2024
Aset Assets
Aset lancar 8.431.777 1.783.516 Current assets
Aset tidak lancar 20.849.892 10.239.531 Non-current assets
Total Aset 29.281.669 12.023.047 Total Assets
Liabilitas Liabilities
Liabilitas jangka pendek (9.670.100) (5.899.587) Current liabilities
Liabilitas jangka panjang (12.358.399) (11.792) Non-current liabilities
Total Liabilitas (22.028.499) (5.911.379) Total Liabilities
Aset Neto 7.253.170 6.111.668 Net Assets
2025 2024
Pendapatan dari kontrak dengan Revenue from contracts
pelanggan 12.644.263 - with customers
Laba (rugi) tahun berjalan 891.116 (192.868) Profit (loss) for the year
Penghasilan komprehensif lain Other comprehensive income
tahun berjalan - setelah pajak 250.385 342.562 for the year - net of tax
Total penghasilan komprehensif Total comprehensive
tahun berjalan 1.141.501 149.694 income for the year
11. INVESTASI PADA INSTRUMEN UTANG 11. INVESTMENT IN DEBT INSTRUMENTS
Rincian investasi pada instrumen utang adalah The details of investment in debt instruments are as
sebagai berikut: follows:
Jumlah/
Tanggal Amount
Jatuh Tempo/
Maturity Date 2025
Rupiah Rupiah
Obligasi bunga tetap - Seri A Oktober 2030/ Fixed rate bonds - A series
October 2030 376.013
Obligasi bunga tetap - Seri B Oktober 2032/ Fixed rate bonds - B series
October 2032 375.888
Total 751.901 Total
70
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
11. INVESTASI PADA INSTRUMEN UTANG 11. INVESTMENT IN DEBT INSTRUMENTS
(lanjutan) (continued)
Pada tanggal 21 Oktober 2025, Grup berpartisipasi On October 21, 2025, the Group participated in the
dalam penerbitan instrumen utang jangka panjang private issuance of long-term fixed-rate debt
dengan suku bunga tetap yang ditawarkan secara instruments, and subscribed to two debt instruments
terbatas, dan menempatkan dana pada dua at a nominal value of Rp375,000, respectively.
instrumen utang tersebut, masing-masing pada nilai These debt instruments have a contractual maturity
nominal Rp375.000. Instrumen utang tersebut of 7 year and 5 year, respectively ,and bear a fixed
memiliki jangka waktu kontraktual masing-masing annual coupon rate of 2%.
selama 7 tahun dan 5 tahun dan memberikan tingkat
kupon tetap sebesar 2% per tahun.
Mutasi jumlah tercatat instrumen utang: Movement of carrying amount of debt instruments:
2025
Saldo awal - Beginning balance
Penempatan aset keuangan 750.000 Placement of financial assets
Kerugian ditangguhkan (127.853) Deferred loss
Penghasilan bunga 5.535 Interest income
Saldo akhir setelah Ending balance after
penyesuaian penilaian 627.682 valuation adjustment
Berikut ini adalah mutasi kerugian yang The following shows the movement on the deferred
ditangguhkan dari aset keuangan pada nilai wajar loss of financial assets at fair value through profit or
melalui laba rugi: loss:
2025
Saldo awal - Beginning balance
Penambahan selama tahun berjalan 127.853 Additions during the year
Amortisasi tahun berjalan (Catatan 32) (3.634) Amortization during the year (Note 32)
Saldo akhir 124.219 Ending balance
Grup mengkategorikan aset keuangan ini sebagai The Group categorizes these financial assets as
instrumen Level 3 karena input penilaian tidak dapat Level 3 instruments as valuation inputs cannot be
direferensikan pada data yang dapat diobservasi. referenced to observable data. The fair value were
Nilai wajar diestimasi dengan mendiskontokan arus estimated using future contractual cash flows
kas kontraktual masa depan menggunakan tingkat discounted by rates currently available for debt on
bunga yang saat ini tersedia untuk instrumen aset similar terms, credit risk and remaining maturities,
keuangan dengan syarat, risiko kredit, dan jatuh adjusted in accordance with the specific
tempo yang serupa dan disesuaikan dengan characteristics of the assets. Sources of
karakteristik khusus aset tersebut. Sumber input unobservable inputs primarily include: issuance was
yang tidak dapat diobservasi terutama mencakup limited to certain investors, limited transferability,
karakteristik berikut: penawaran yang terbatas pada and an issuer’s option to repurchase at its nominal
investor tertentu, pembatasan atas pengalihan, dan value.
opsi penerbit untuk membeli kembali pada nilai
nominalnya.
71
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Page 352
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
12. ASET TETAP 12. FIXED ASSETS
Rincian aset tetap adalah sebagai berikut: The details of fixed assets are as follows:
2025
Selisih
Saldo Awal/ Translasi/ Saldo Akhir/
Beginning Penambahan/ Pengurangan/ Reklasifikasi/ Translation Ending
Balances Additions Deductions Reclassifications Differences Balances
Biaya perolehan Acquisition cost
Kepemilikan langsung Direct ownership
Tanah 142 - - - - 142 Land
Mesin 12.351.440 297 - (1.752 ) 505.190 12.855.175 Machineries
Bangunan dan prasarana 13.161.529 194.932 (400) 161.416 485.114 14.002.591 Building and infrastructures
Kendaraan 545.156 112.477 (5.685) - 18.961 670.909 Vehicles
Peralatan kantor 109.111 22.656 (920) - 2.416 133.263 Office equipment
Peralatan produksi 133.611 38.245 (224) 25.096 1.851 198.579 Production equipment
Peralatan laboratorium 39.017 28.759 (99) - 475 68.152 Laboratory equipment
Alat berat 1.760.211 238.481 (24.722) 1.752 23.887 1.999.609 Heavy equipment
Sub-total 28.100.217 635.847 (32.050) 186.512 1.037.894 29.928.420 Sub-total
Aset dalam pembangunan 287.464 437.912 - (186.512 ) 1.474 540.338 Construction in-progress
Total biaya perolehan 28.387.681 1.073.759 (32.050) - 1.039.368 30.468.758 Total acquisition cost
Akumulasi penyusutan Accumulated depreciation
Kepemilikan langsung Direct ownership
Mesin 2.751.564 831.494 - (46 ) 120.997 3.704.009 Machineries
Bangunan dan prasarana 1.909.105 712.636 (400) - 82.583 2.703.924 Building and infrastructures
Kendaraan 176.031 69.840 (4.238) - 6.072 247.705 Vehicles
Peralatan kantor 68.229 16.121 (681) - 1.480 85.149 Office equipment
Peralatan produksi 57.683 29.384 (118) - 995 87.944 Production equipment
Peralatan laboratorium 20.123 7.717 (99) - 137 27.878 Laboratory equipment
Alat berat 871.802 199.773 (22.730) 46 14.301 1.063.192 Heavy equipment
Total akumulasi Total accumulated
penyusutan 5.854.537 1.866.965 (28.266) - 226.565 7.919.801 depreciation
Nilai buku neto 22.533.144 22.548.957 Net book value
2024
Selisih
Saldo Awal/ Translasi/ Saldo Akhir/
Beginning Penambahan/ Pengurangan/ Reklasifikasi/ Translation Ending
Balances Additions Deductions Reclassifications Differences Balances
Biaya perolehan Acquisition cost
Kepemilikan langsung Direct ownership
Tanah 142 - - - - 142 Land
Mesin 11.728.168 43.572 - 122.521 457.179 12.351.440 Machineries
Bangunan dan prasarana 12.256.751 39.508 (728) 366.819 499.179 13.161.529 Building and infrastructures
Kendaraan 411.461 120.330 (4.515) - 17.880 545.156 Vehicles
Peralatan kantor 92.719 13.894 (19) - 2.517 109.111 Office equipment
Peralatan produksi 90.057 41.924 - - 1.630 133.611 Production equipment
Peralatan laboratorium 28.486 11.374 (1.125) - 282 39.017 Laboratory equipment
Alat berat 1.622.273 132.598 (22.916) - 28.256 1.760.211 Heavy equipment
Sub-total 26.230.057 403.200 (29.303) 489.340 1.006.923 28.100.217 Sub-total
Aset dalam pembangunan 70.330 702.569 (214.606) (489.340 ) 218.511 287.464 Construction in-progress
Total biaya perolehan 26.300.387 1.105.769 (243.909) - 1.225.434 28.387.681 Total acquisition cost
Akumulasi penyusutan Accumulated depreciation
Kepemilikan langsung Direct ownership
Mesin 1.857.452 788.597 - - 105.515 2.751.564 Machineries
Bangunan dan prasarana 1.185.498 657.713 (686) - 66.580 1.909.105 Building and infrastructures
Kendaraan 115.729 58.331 (2.713) - 4.684 176.031 Vehicles
Peralatan kantor 53.757 12.976 (19) - 1.515 68.229 Office equipment
Peralatan produksi 35.239 21.640 - - 804 57.683 Production equipment
Peralatan laboratorium 16.246 4.917 (1.125) - 85 20.123 Laboratory equipment
Alat berat 686.869 190.804 (20.102) - 14.231 871.802 Heavy equipment
Total akumulasi Total accumulated
penyusutan 3.950.790 1.734.978 (24.645) - 193.414 5.854.537 depreciation
Nilai buku neto 22.349.597 22.533.144 Net book value
72
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Page 353
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
12. ASET TETAP (lanjutan) 12. FIXED ASSETS (continued)
Rincian penjualan aset tetap untuk tahun yang The details of sale of fixed assets for the year ended
berakhir pada tanggal 31 Desember 2025 dan 2024 December 31, 2025 and 2024 are as follows:
adalah sebagai berikut:
2025 2024
Hasil penjualan aset tetap 2.388 1.863 Proceeds from sale of fixed assets
Nilai buku neto aset tetap (1.728) (1.295) Net book value of fixed assets
Laba penjualan Gain on sale
aset tetap - neto (Catatan 32) 660 568 of fixed assets - net (Note 32)
Laba penjualan aset tetap dicatat sebagai bagian Gain (loss) on sale of fixed assets is recorded as
dari “Penghasilan operasi lain” dalam laporan laba part of “Other operating income” in the consolidated
rugi dan penghasilan komprehensif lain statement of profit or loss and other comprehensive
konsolidasian untuk tahun yang berakhir pada income for the year ended December 31, 2025 and
tanggal 31 Desember 2025 dan 2024. 2024.
Nilai tercatat aset tetap yang dihapus untuk tahun Carrying amounts of fixed assets that were
yang berakhir pada tanggal 31 Desember 2025 dan disposed for the year ended December 31, 2025
2024 masing-masing sebesar Rp2.056 dan Rp3.363 and 2024 amounting to Rp2,056 and Rp3,363,
dicatat sebagai bagian dari “Beban Operasi Lain” respectively is recorded as part of “Other Operating
dalam laporan laba rugi dan penghasilan Expenses” in the consolidated statement of profit or
komprehensif lain konsolidasian (Catatan 32). loss and other comprehensive income (Note 32).
Berdasarkan Keputusan Pemegang Saham Sirkuler Based on Shareholder Circular Resolution in Lieu
di Luar Rapat Umum Pemegang Saham HJF pada with General Meeting of Shareholders of HJF dated
tanggal 2 Desember 2024, para pemegang saham December 2, 2024, the shareholders of HJF have
HJF menyetujui untuk mendonasikan aset dalam approved to donate constructions in progress
pembangunan sebesar Rp214.606 sebagai bagian amounting to Rp214,606 as part of the local
kontribusi atas pengembangan masyarakat community development contribution, which was
setempat, yang dicatat sebagai bagian dari “Beban recorded as part of “Selling, general and
penjualan, umum dan administrasi" dalam laporan administrative expenses" in the consolidated
laba rugi dan penghasilan komprehensif lain statement of profit or loss and other comprehensive
konsolidasian. income.
Pada tanggal 31 Desember 2025 dan 2024, tidak As of December 31, 2025 and 2024, there were no
ada aset yang tidak dipakai sementara oleh Grup assets temporarily not used by the Group and none
dan tidak ada aset yang dihentikan dari penggunaan of the assets are idle and are not classified as
aktif dan tidak diklasifikasikan sebagai tersedia available for sale.
untuk dijual.
Pada tanggal 31 Desember 2025 dan 2024, jumlah As of December 31, 2025 and 2024, the total
nilai perolehan aset tetap Grup yang telah acquisition cost of the Group’s fixed assets that are
disusutkan penuh namun masih digunakan masing- fully depreciated but are still being used amounting
masing adalah sebesar Rp754.019 dan Rp397.318 to Rp754,019 and Rp397,318, respectively which
yang terutama terdiri atas alat berat, mesin, mainly consist of heavy equipment, machineries,
peralatan kantor dan kendaraan. office equipment and vehicle.
73
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Page 354
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
12. ASET TETAP (lanjutan) 12. FIXED ASSETS (continued)
Aset dalam pembangunan Construction in-progress
Aset dalam pembangunan terdiri dari: Construction in-progress consists of the following:
Perkiraan
Persentase
Penyelesaian/
Estimated
Completion Nilai Tercatat/ Perkiraan Waktu Penyelesaian/
Percentage Carrying Value Estimated Time of Completion
31 Desember 2025 December 31, 2025
Living quarters 68,97% 504.852 Desember 2026/December 2026 Living quarters
Diesel tank 96,10% 21.073 Juni 2026/June 2026 Diesel tank
Mesin 30,00% 13.826 Februari 2026/February 2026 Machineries
Bangunan dan prasarana 10,00% 587 Desember 2028/December 2028 Building and infrastructures
Total 540.338 Total
31 Desember 2024 December 31, 2024
Living quarters 46,02% 273.553 Desember 2026/December 2026 Living quarters
Bangunan dan prasarana 20,00% - 95,00% 10.344 Maret - Juni 2025/March - June 2025 Building and infrastructures
Diesel tank 67,17% 3.567 Desember 2025/December 2025 Diesel tank
Total 287.464 Total
Pada tanggal 31 Desember 2025 dan 2024, tidak As of December 31, 2025 and 2024, there were no
terdapat hambatan yang signifikan dalam significant obstacles in the completion of the
penyelesaian aset dalam pembangunan di atas. constructions in-progress.
Pada tanggal 31 Desember 2025 dan 2024, As of December 31, 2025 and 2024, contractual
komitmen kontraktual untuk memperoleh aset tetap commitment to acquire fixed assets amounting to
masing-masing sebesar Rp802.938 dan Rp802,938 and Rp608,410, respectively.
Rp608.410.
Beban penyusutan dialokasikan sebagai berikut: Allocation of depreciation expense are as follows:
2025 2024
Beban pokok penjualan (Catatan 30) 1.780.167 1.648.361 Cost of goods sold (Note 30)
Beban penjualan, umum Selling, general and
dan administrasi (Catatan 31) 86.356 80.809 administrative expenses (Note 31)
Properti pertambangan 442 5.808 Mining properties
Total 1.866.965 1.734.978 Total
Pada tanggal 31 Desember 2025 dan 2024, aset As of December 31, 2025 and 2024, certain fixed
tetap tertentu digunakan sebagai jaminan atas assets are pledged as collateral to the loan obtained
fasilitas pinjaman yang diperoleh dari utang bank from bank loans (Note 22).
(Catatan 22).
74
352 PT Trimegah Bangun Persada Tbk | Laporan Tahunan 2025 Annual Report www.tbpnickel.com
Page 355
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
12. ASET TETAP (lanjutan) 12. FIXED ASSETS (continued)
Rincian aset tetap yang telah diasuransikan The details of fixed assets covered by insurance
terhadap risiko kerugian atas kebakaran dan risiko against losses from fire and other risks under a
lainnya berdasarkan suatu paket polis tertentu certain policy package with combined coverage are
adalah sebagai berikut: as follow:
2025 2024
Dolar Amerika Serikat 23.425.203 22.759.997 United States Dollar
Rupiah 1.028.962 730.176 Rupiah
Total 24.454.165 23.490.173 Total
Manajemen berpendapat bahwa nilai The management believes that total insurance
pertanggungan tersebut cukup untuk menutupi coverage is adequate to cover any possible losses
kemungkinan kerugian yang timbul dari risiko-risiko that may arise from such risks.
tersebut.
Manajemen berpendapat bahwa tidak ada indikasi The management believes that there is no indication
penurunan nilai pada aset tetap yang disajikan of impairment in values for fixed assets presented in
dalam laporan posisi keuangan konsolidasian pada the consolidated statement of financial position as of
tanggal 31 Desember 2025 dan 2024. December 31, 2025 and 2024.
13. ASET HAK-GUNA 13. RIGHT OF USE ASSETS
Rincian aset hak-guna adalah sebagai berikut: The details of right of use assets are as follows:
2025
Selisih
Saldo Awal/ Translasi/ Saldo Akhir/
Beginning Penambahan/ Pengurangan/ Translation Ending
Balance Addition Deduction Differences Balance
Biaya perolehan Acquisition cost
Bangunan dan prasarana 26.774 - (14.379) 474 12.869 Building and improvements
Total biaya perolehan 26.774 - (14.379) 474 12.869 Total acquisition cost
Akumulasi penyusutan Accumulated depreciation
Bangunan dan prasarana 10.280 6.426 (2.419) (2.006) 12.281 Building and improvements
Total akumulasi penyusutan 10.280 6.426 (2.419) (2.006) 12.281 Total accumulated depreciation
Nilai buku neto 16.494 588 Net book value
75
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Page 356
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
13. ASET HAK-GUNA (lanjutan) 13. RIGHT OF USE ASSETS (continued)
Rincian aset hak-guna adalah sebagai berikut: The details of right of use assets are as follows:
(lanjutan) (continued)
2024
Selisih
Saldo Awal/ Translasi/ Saldo Akhir/
Beginning Penambahan/ Pengurangan/ Translation Ending
Balance Addition Deduction Differences Balance
Biaya perolehan Acquisition cost
Bangunan dan prasarana 44.986 15.358 (34.709) 1.139 26.774 Building and improvements
Total biaya perolehan 44.986 15.358 (34.709) 1.139 26.774 Total acquisition cost
Akumulasi penyusutan Accumulated depreciation
Bangunan dan prasarana 5.336 11.959 (7.307) 292 10.280 Building and improvements
Total akumulasi penyusutan 5.336 11.959 (7.307) 292 10.280 Total accumulated depreciation
Nilai buku neto 39.650 16.494 Net book value
Beban penyusutan dialokasikan sebagai berikut: Allocation of depreciation expense is as follows:
2025 2024
Beban penjualan, umum Selling, general and administrative
dan administrasi (Catatan 31) 6.426 11.959 expenses (Note 31)
14. PROPERTI PERTAMBANGAN 14. MINING PROPERTIES
Rincian properti pertambangan adalah sebagai The details of mining properties are as follows:
berikut:
2025
Saldo Awal/ Saldo Akhir/
Beginning Penambahan/ Pemindahan/ Ending
Balance Additions Transfers* Balance
Tambang pada tahap produksi Producing mines
Kawasi 10.335 - - 10.335 Kawasi
Loji 108.960 1.685 - 110.645 Loji
Fluk dan Gambaru - 1.948 167.097 169.045 Fluk and Gambaru
Tambang dalam pengembangan Mines under construction
Jikodolong 24.846 9.440 - 34.286 Jikodolong
Tabuji 4.634 369 - 5.003 Tabuji
Fluk dan Gambaru 162.329 - (162.329) - Fluk and Gambaru
Sub-total 311.104 13.442 4.768 329.314 Sub-total
Akumulasi amortisasi Producing mines
Kawasi 10.335 - - 10.335 Kawasi
Loji 83.210 5.158 - 88.368 Loji
Fluk dan Gambaru - 13.919 - 13.919 Fluk and Gambaru
Sub-total 93.545 19.077 - 112.622 Sub-total
Nilai buku neto 217.559 216.692 Net book value
(*) Terdapat pemindahan dari aset eksplorasi dan evaluasi sebesar Rp4.768 pada tahun 2025/
There are transfers from exploration and evaluation assets amounting to Rp4,768 in 2025
76
354 PT Trimegah Bangun Persada Tbk | Laporan Tahunan 2025 Annual Report www.tbpnickel.com
Page 357
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
14. PROPERTI PERTAMBANGAN (lanjutan) 14. MINING PROPERTIES (continued)
Rincian properti pertambangan adalah sebagai The details of mining properties are as follows:
berikut: (lanjutan) (continued)
2024
Saldo Awal/ Saldo Akhir/
Beginning Penambahan/ Ending
Balance Additions Balance
Tambang pada tahap produksi Producing mines
Kawasi 10.335 - 10.335 Kawasi
Loji 108.960 - 108.960 Loji
Tambang dalam pengembangan Mines under construction
Jikodolong 20.960 3.886 24.846 Jikodolong
Tabuji 3.879 755 4.634 Tabuji
Fluk dan Gambaru 54.648 107.681 162.329 Fluk and Gambaru
Sub-total 198.782 112.322 311.104 Sub-total
Akumulasi amortisasi Accumulated amortization
Kawasi 10.335 - 10.335 Kawasi
Loji 78.933 4.277 83.210 Loji
Sub-total 89.268 4.277 93.545 Sub-total
Nilai buku neto 109.514 217.559 Net book value
Manajemen berpendapat bahwa tidak ada indikasi The management believes that there is no indication
penurunan nilai pada properti pertambangan yang of impairment in values for mining properties
disajikan dalam laporan posisi keuangan presented in the consolidated statement of financial
konsolidasian pada tanggal 31 Desember 2025 dan position as of December 31, 2025 and 2024.
2024.
Untuk tahun yang berakhir pada tanggal For the year ended December 31, 2025 and 2024,
31 Desember 2025 dan 2024, amortisasi properti amortization of mining properties amounting to
pertambangan masing-masing adalah sebesar Rp19,077 and Rp4,277, respectively is presented
Rp19.077 dan Rp4.277, diakui sebagai bagian dari as part of cost of goods sold (Note 30).
beban pokok penjualan (Catatan 30).
15. ASET EKSPLORASI DAN EVALUASI 15. EXPLORATION AND EVALUATION ASSETS
Rincian aset eksplorasi dan evaluasi adalah sebagai The details of exploration and evaluation assets are
berikut: as follows:
2025
Saldo Awal/ Saldo Akhir/
Beginning Penambahan/ Pemindahan/ Ending
Balance Additions Transfers* Balance
Aset eksplorasi dan evaluasi Exploration and evaluation assets
Jikodolong 22.508 17.210 - 39.718 Jikodolong
Fluk dan Gambaru 4.768 - (4.768) - Fluk and Gambaru
Tabuji 12 2.465 - 2.477 Tabuji
Total 27.288 19.675 (4.768) 42.195 Total
(*) Terdapat pemindahan dari aset eksplorasi dan evaluasi sebesar Rp4.768 pada tahun 2025/
There are transfers from exploration and evaluation assets amounting to Rp4,768 in 2025
77
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Page 358
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
15. ASET EKSPLORASI DAN EVALUASI (lanjutan) 15. EXPLORATION AND EVALUATION ASSETS
(continued)
Rincian aset eksplorasi dan evaluasi adalah sebagai The details of exploration and evaluation assets are
berikut: (lanjutan) as follows: (continued)
2024
Saldo Awal/ Saldo Akhir/
Beginning Penambahan/ Ending
Balance Addition Balance
Aset eksplorasi dan evaluasi Exploration and evaluation assets
Jikodolong 5.674 16.834 22.508 Jikodolong
Fluk dan Gambaru - 4.768 4.768 Fluk and Gambaru
Tabuji - 12 12 Tabuji
Total 5.674 21.614 27.288 Total
Manajemen berpendapat bahwa tidak ada indikasi The management believes that there is no indication
penurunan nilai pada aset eksplorasi dan evaluasi of impairment in values for exploration and
yang disajikan dalam laporan posisi keuangan evaluation assets presented in the consolidated
konsolidasian pada tanggal 31 Desember 2025 dan statement of financial position as of December 31,
2024. 2025 and 2024.
16. ASET TIDAK LANCAR LAINNYA 16. OTHER NON-CURRENT ASSETS
Akun ini terdiri dari: This account consists of:
2025 2024
Aset Keuangan Financial Assets
Jaminan reklamasi Reclamation and
dan pascatambang (Catatan 39) 45.765 34.513 post-mining guarantee (Note 39)
Uang jaminan 3.395 4.567 Security deposits
Sub-total 49.160 39.080 Sub-total
Aset Non-keuangan Non-financial Assets
Uang muka pembelian Advance for purchase
aset tetap 62.921 152.975 of fixed assets
Uang muka pembelian lainnya 8.581 17.421 Other advances for purchase
Lain-lain 1.014 4.580 Others
Sub-total 72.516 174.976 Sub-total
Total 121.676 214.056 Total
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Page 359
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
17. UTANG USAHA 17. TRADE PAYABLES
Utang usaha merupakan utang atas pembelian Trade payables represent payables for purchase of
barang dan jasa yang dibutuhkan untuk operasi goods and services required for the Group’s
Grup, dengan rincian sebagai berikut: operations, with details as follows:
2025 2024
Pihak ketiga 1.532.411 1.028.896 Third parties
Pihak berelasi (Catatan 35) 276.037 216.896 Related parties (Note 35)
Total 1.808.448 1.245.792 Total
Rincian utang usaha berdasarkan mata uang adalah The details of trade payables based on currencies
sebagai berikut: are as follows:
2025 2024
Rupiah 771.755 500.247 Rupiah
Yuan Tiongkok 759.318 574.842 Chinese Yuan
Dolar Amerika Serikat 277.375 170.703 United States Dollar
Total 1.808.448 1.245.792 Total
Pada tanggal 31 Desember 2025 dan 2024, tidak As of December 31, 2025 and 2024, there were no
terdapat jaminan yang diberikan Grup atas utang collateral provided by the Group for the above trade
usaha di atas. payables.
18. UTANG LAIN-LAIN 18. OTHER PAYABLES
Utang lain-lain sebagian besar merupakan utang Other payables mainly represents payables related
atas aset dalam pembangunan entitas anak to the construction in-progress of certain
tertentu, dengan rincian sebagai berikut: subsidiaries, with detail as follows:
2025 2024
Pihak ketiga 2.117.582 2.282.127 Third parties
Pihak berelasi (Catatan 35) 8.140 7.032 Related parties (Note 35)
Total 2.125.722 2.289.159 Total
Utang lain-lain tidak dikenakan bunga serta Other payables are non-interest bearing and will
umumnya akan dilunasi dalam siklus operasi generally repaid on normal operating cycle.
normal.
Pada tanggal 31 Desember 2025 dan 2024, tidak As of December 31, 2025 and 2024, there were no
terdapat jaminan yang diberikan Grup atas utang collateral provided by the Group for the above other
lain-lain di atas. payables.
79
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Page 360
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
19. UTANG KEPADA PIHAK KETIGA 19. DUE TO A THIRD PARTY
Selama tahun 2022, OMJ menerima setoran uang During 2022, OMJ received a down payment for
muka penerbitan saham dari SCM, pihak ketiga share issuance from SCM, a third party, amounting
sebesar Rp664.606. to Rp664,606.
Berdasarkan Akta Notaris Eirenes Maria Hendra, Based on the Notarial Deed of Eirenes Maria
S.H., M.Kn., No. 6 tanggal 17 April 2024, para Hendra, S.H., M.Kn., No. 6 dated April 17, 2024, the
pemegang saham OMJ menyetujui peningkatan shareholders of OMJ agreed to increase in issued
modal ditempatkan dan di setor kepada SCM and fully paid capital to SCM amounting to
sebesar Rp664.606. Rp664,606.
Perubahan tersebut telah disetujui oleh Menteri The changes were approved by the Minister of
Hukum dan Hak Asasi Manusia Law and Human Rights of the
Republik Indonesia berdasarkan Surat Republic of Indonesia based on its Decision
Keputusan No. AHU-AH.01.03-0099710 tanggal Letter No. AHU-AH.01.03-0099710 dated
2 Mei 2024. May 2, 2024.
Berdasarkan Akta Notaris Marichicha Puicha L. Based on the Notarial Deed of Marichicha Puicha L.
Sianturi, S.H., M.Kn., No. 18 tanggal Sianturi, S.H., M.Kn., No. 18 dated
17 September 2024, para pemegang saham OMJ September 17, 2024, the Shareholders of OMJ
menyetujui penurunan modal ditempatkan dan di agreed to decrease in issued and fully paid capital
setor dengan mengembalikan sejumlah modal to SCM amounting to Rp664,606.
kepada SCM sebesar Rp664.606.
Perubahan tersebut telah disetujui oleh Menteri The changes were approved by the Minister of
Hukum dan Hak Asasi Manusia Law and Human Rights of the
Republik Indonesia berdasarkan Surat Republic of Indonesia based on its
Keputusan No. AHU-0075985.AH.01.02 tanggal Decision Letter No. AHU-0075985.AH.01.02 dated
17 November 2024. November 17, 2024.
20. PROVISI UNTUK KEWAJIBAN RESTORASI 20. PROVISION FOR ENVIRONMENTAL
LINGKUNGAN RESTORATION OBLIGATION
Akun ini merupakan provisi untuk pengelolaan This account pertains to the provision for the
lingkungan hidup yang berhubungan dengan environmental and cost related to reclamation,
reklamasi, biaya penutupan tambang dan revegetasi estimated closure cost and revegetation to be
pada saat berakhirnya masa tambang. incurred at the end of a mine’s life.
Mutasi provisi untuk kewajiban restorasi lingkungan The movements in the provision for environmental
adalah sebagai berikut: restoration obligation are as follows:
2025 2024
Saldo awal 135.150 250.068 Beginning balance
Provisi untuk restorasi selama Provision for restoration during
tahun berjalan (Catatan 30) 65.113 38.722 the year (Note 30)
Provisi untuk pembongkaran dan Provision for dismantling and
penutupan tambang tahun berjalan 14.100 3.009 mine closure during the year
Biaya restorasi aktual yang Actual restoration costs paid
dibayar selama tahun berjalan (10.938) (5.518) during the year
Perubahan asumsi (79.016) (151.131) Change of assumption
Saldo akhir 124.409 135.150 Ending balance
Dikurangi: Less:
Bagian jangka pendek (16.654) (8.800) Short-term portion
Bagian jangka panjang 107.755 126.350 Long-term portion
80
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Page 361
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
21. LIABILITAS SEWA - PIHAK KETIGA 21. LEASE LIABILITIES - THIRD PARTIES
Grup memiliki komitmen sewa pembiayaan The Group has lease commitments covering
mencakup bangunan dan prasarana dengan jangka building and infrastructures with lease terms ranging
waktu sewa mulai dari 2 (dua) tahun sampai 3 (tiga) from 2 (two) year to 3 (three) year and expiring on
tahun dan jatuh tempo pada berbagai tanggal various dates with details as follows:
dengan perincian sebagai berikut:
2025 2024
Pihak ketiga - 15.428 Third parties
Dikurangi beban bunga - (724) Less amount applicable to interest
Neto - 14.704 Net
Dikurangi bagian yang jatuh
tempo dalam satu tahun Less current maturities
Pihak ketiga - (6.897) Third parties
Liabilitas sewa -
setelah dikurangi bagian yang Lease liabilities -
jatuh tempo dalam satu tahun net of current maturities
Pihak ketiga - 7.807 Third parties
Pada tanggal 31 Desember 2025 dan 2024, Grup As of December 31, 2025 and 2024 the Group had
memiliki arus kas keluar untuk pembayaran liabilitas cash outflows for payment of lease liabilities
sewa masing-masing sebesar Rp4.795 dan amounting to Rp4,795 and Rp11,780, respectively
Rp11.780, termasuk beban bunga masing-masing including interest expenses of Rp293 and Rp1,598,
sebesar Rp293 dan Rp1.598. Grup juga memiliki respectively. The Group also had non-cash
penambahan nonkas pada aset hak-guna dan additions to right-of-use assets and lease liabilities
liabilitas sewa masing-masing sebesar RpNihil dan of RpNil and Rp15,358, respectively.
Rp15.358.
Beban bunga diakui sebagai bagian dari "Beban Interest expenses are presented as part of “Finance
Keuangan" dalam laporan laba rugi dan Costs” in the consolidated statement of
penghasilan komprehensif lain konsolidasian. profit or loss and other comprehensive income.
Nilai kini dari jadwal pembayaran liabilitas sewa The present values of the scheduled payments of
berdasarkan tahun jatuh tempo adalah sebagai the lease liabilities by the year of maturity are as
berikut: follows:
Pembayaran
Utang Sewa
Pembiayaan
Minimum/
Minimum Leasing Komponen Bunga/ Nilai Kini/
Payment Interest Component Present Value
31 Desember 2025 December 31, 2025
Dalam 1 tahun - - - Within 1 year
Dalam 2 - 5 tahun - - - Within 2 - 5 year
Total - - - Total
31 Desember 2024 December 31, 2024
Dalam 1 tahun 7.323 (426) 6.897 Within 1 year
Dalam 2 - 5 tahun 8.105 (298) 7.807 Within 2 - 5 year
Total 15.428 (724) 14.704 Total
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Page 362
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
21. LIABILITAS SEWA - PIHAK KETIGA (lanjutan) 21. LEASE LIABILITIES - THIRD PARTIES
(continued)
Mutasi jumlah tercatat liabilitas sewa: Movement of lease liabilities:
2025 2024
Saldo awal 14.704 39.449 Beginning balance
Penambahan sewa - 15.358 Addition of lease
Penghentian (10.194) (29.130) Termination
Penambahan bunga 293 1.598 Accretion of interest
Pembayaran (5.088) (13.378) Payments
Selisih translasi 285 807 Translation differences
Sub-total - 14.704 Sub-total
Dikurangi bagian yang jatuh
tempo dalam satu tahun - (6.897) Less current maturities
Bagian jangka panjang - 7.807 Long-term portion
22. UTANG BANK 22. BANK LOANS
Utang bank jangka pendek Short-term bank loans
Jumlah Batas Pembayaran
Pinjaman Batas Jangka Tahun Berjalan/
Maksimum/ Waktu Fasilitas/ Repayments Jumlah/Amount
Maximum End of for the
Kreditur/Creditor Credit Limit Availability Period Current Year 2025 2024
Perusahaan/The Company
Dolar Amerika Serikat/
United States Dollar Desember 2026/
PT Bank OCBC NISP Tbk. AS$/US$105.000.000 December 2026 499.380 - -
Tujuan dari pinjaman di atas adalah untuk modal The purpose of the above loan is for working capitals
kerja Grup. of the Group.
Suku Bunga Interest Rate
Pinjaman dalam mata uang Dolar Amerika Serikat The loan denominated in United States Dollar bears
dikenakan suku bunga mengambang tertentu untuk certain floating interest rate for the year ended
tahun yang berakhir pada tanggal December 31, 2025 and 2024.
31 Desember 2025 dan 2024.
Beban bunga diakui sebagai bagian dari “Beban Interest expenses are presented as part of “Finance
Keuangan” dalam laporan laba rugi dan Costs” in the consolidated statement of
penghasilan komprehensif lain konsolidasian. profit or loss and other comprehensive income.
Jaminan Collateral
Pada tanggal 31 Desember 2025 dan 2024, semua As of December 31, 2025 and 2024, credit facility
fasilitas pinjaman yang diperoleh oleh Perusahaan obtained by the Company are unsecured.
adalah tanpa jaminan.
82
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Page 363
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
22. UTANG BANK (lanjutan) 22. BANK LOANS (continued)
Utang bank jangka pendek (lanjutan) Short-term bank loans (continued)
Fasilitas Kredit yang Belum Digunakan Unused Credit Facility
Sampai dengan tanggal 31 Desember 2025, terdapat Up to December 31, 2025, there are several credit
beberapa fasilitas pinjaman Grup yang tidak facility of the Group that are not utilized but still
digunakan namun masih tersedia: available:
Perusahaan dan GPS The Company and GPS
PT Bank OCBC NISP Tbk., dengan batas kredit PT Bank OCBC NISP Tbk., with a maximum
maksimum sebesar AS$105.000.000 yang credit limit of US$105,000,000 which will expire
berakhir pada bulan Desember 2026; dan in December 2026; and
Perusahaan dan HJF The Company and HJF
PT Bank UOB Indonesia, dengan batas kredit PT Bank UOB Indonesia, with a maximum
maksimum sebesar AS$100.000.000 yang credit limit of US$100,000,000 which will expire
berakhir pada bulan Agustus 2026. in August 2026.
HJF HJF
PT Bank OCBC NISP Tbk., dengan batas kredit PT Bank OCBC NISP Tbk., with a maximum
maksimum sebesar AS$47.500.000 yang credit limit of US$47,500,000 which will expire
berakhir pada bulan April 2027. in April 2027.
MSP MSP
PT Bank UOB Indonesia, dengan batas kredit PT Bank UOB Indonesia, with a maximum
maksimum sebesar AS$25.000.000 yang credit limit of US$25,000,000 which will expire
berakhir pada bulan Maret 2026; dan in March 2026; and
PT Bank OCBC NISP Tbk., dengan batas kredit PT Bank OCBC NISP Tbk., with a maximum
maksimum sebesar AS$25.000.000 yang credit limit of US$25,000,000 which will expire
berakhir pada bulan Mei 2026. in May 2026.
Kovenan Covenants
Berdasarkan persyaratan-persyaratan dalam Under the terms of the related loan agreements, the
perjanjian pinjaman-pinjaman tersebut, Grup Group is required to comply certain financial ratios
diwajibkan mempertahankan beberapa rasio and restricted to perform certain matters (including
keuangan tertentu dan dibatasi untuk melakukan hal- but not limited to addition of new bank loan) without
hal tertentu (termasuk tapi tidak terbatas pada advance approval as stipulated in the bank loan
penambahan utang bank baru) tanpa persetujuan agreements.
terlebih dahulu sebagaimana yang ditetapkan dalam
perjanjian utang bank.
Kepatuhan atas Kovenan Compliance with Covenants
Pada tanggal 31 Desember 2025 dan 2024, Grup As of December 31, 2025 and 2024, the Group has
telah memenuhi semua persyaratan pinjaman- complied with all of the covenants of the above-
pinjaman jangka pendek tersebut di atas seperti mentioned short-term loans as stipulated in the
disebutkan dalam perjanjian kredit terkait atau respective loan agreements or obtained necessary
memperoleh surat pernyataan pelepasan tuntutan waivers as required by respective loan agreement.
pelunasan (waiver) sesuai ketentuan perjanjian kredit
terkait.
83
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Page 364
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
22. UTANG BANK (lanjutan) 22. BANK LOANS (continued)
Utang bank jangka panjang Long-term bank loans
Jumlah Batas Pembayaran
Pinjaman Maksimum Tahun Berjalan/
(Angka Penuh)/ Jadwal Pelunasan/ Repayments Jumlah/Amount
Maximum Credit Schedule for the
Kreditur/Creditor Limit (Full Amount) of Repayments Current Year 2025 2024
Entitas Anak/Subsidiaries
Rupiah/Rupiah
Term Loan Facility
PT Bank Mandiri (Persero) Tbk. Rp3.100.000.000.000 Setiap kuartal hingga 375.000 2.031.250 2.406.250
Agustus 2029/Quarterly
until August 2029
Senior Term Loan Facility
Lembaga Pembiayaan Ekspor Indonesia Rp700.000.000.000 Setiap kuartal hingga 105.000 568.750 673.750
September 2029/Quarterly
until September 2029
Dolar Amerika Serikat/
United States Dollar
Senior Term Loan Facility
PT Bank UOB Indonesia AS$/US$150.000.000 Setiap kuartal hingga 370.688 2.045.306 2.333.389
September 2029/Quarterly
until September 2029
PT Bank Maybank Indonesia Tbk. AS$/US$120.000.000 Setiap kuartal hingga 296.550 1.636.245 1.866.711
September 2029/Quarterly
until September 2029
PT Bank OCBC NISP Tbk. AS$/US$50.000.000 Setiap kuartal hingga 123.563 681.769 1.555.593
September 2029/Quarterly
until September 2029
Oversea-Chinese Banking Corporation
Limited., Singapura/Singapore AS$/US$50.000.000 Setiap kuartal hingga 123.562 681.769 -
September 2029/Quarterly
until September 2029
PT Bank CIMB Niaga Tbk. AS$/US$100.000.000 Setiap kuartal hingga 247.125 1.363.538 1.555.593
September 2029/Quarterly
until September 2029
PT Bank KEB Hana Indonesia AS$/US$30.000.000 Setiap kuartal hingga 74.137 409.061 466.678
September 2029/Quarterly
until September 2029
Biaya transaksi yang belum diamortisasi/
Unamortized transaction cost - (37.198) (55.780)
Total/Total 1.715.625 9.380.490 10.802.184
Dikurangi: bagian yang jatuh tempo
dalam setahun/Less: current maturities (1.866.830) (1.671.994)
Bagian jangka panjang/
Long-term portion 7.513.660 9.130.190
Tujuan dari pinjaman di atas adalah pembiayaan The purpose of the above loan is for loans for
kembali dan pembayaran utang. refinancing and payment.
Suku Bunga Interest Rate
Pada tanggal 31 Desember 2025 dan 2024, As of December 31, 2025 and 2024, the loan
pinjaman dalam mata uang Dolar Amerika Serikat denominated in United States Dollar bears certain
dikenakan suku bunga tertentu, sedangkan floating interest rate, while loan denominated in
pinjaman dalam mata uang Rupiah dikenakan suku Rupiah bears certain fixed interest rate.
bunga tetap tertentu.
Beban bunga diakui sebagai bagian dari “Beban Interest expenses are presented as part of “Finance
Keuangan” dalam laporan laba rugi dan penghasilan Costs” in the consolidated statement of profit or loss
komprehensif lain konsolidasian. and other comprehensive income.
Jaminan Collateral
Pada tanggal 31 Desember 2025 dan 2024, fasilitas As of December 31, 2025 and 2024, credit facilities
pinjaman yang diperoleh oleh Grup dijamin dengan obtained by the Group are secured by fiduciary
jaminan fidusia atas mesin dan peralatan sebesar collateral of machinery and equipment amounting to
Rp3.100.000. Rp3,100,000.
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Page 365
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
22. UTANG BANK (lanjutan) 22. BANK LOANS (continued)
Utang bank jangka panjang (lanjutan) Long-term bank loans (continued)
Kovenan Covenants
Berdasarkan persyaratan-persyaratan dalam Under the terms of the related loan agreements, the
perjanjian pinjaman-pinjaman tersebut, Grup Group is required to comply with certain covenants
diwajibkan memenuhi pembatasan-pembatasan such as financial ratios and restricted to perform
tertentu seperti rasio keuangan dan dibatasi untuk certain matters (including but not limited to
melakukan hal-hal tertentu (termasuk tetapi tidak restriction on dividend distribution and addition of
terbatas pada pembatasan pembagian dividen dan new bank loan) without advance approval as
penambahan utang bank baru) tanpa persetujuan stipulated in the bank loan agreements.
terlebih dahulu sebagaimana yang ditetapkan dalam
perjanjian utang bank.
Kepatuhan atas Kovenan Compliance with Loan Covenants
Pada tanggal 31 Desember 2025 dan 2024, Grup As of December 31, 2025 and 2024, the Group has
telah memenuhi semua persyaratan pinjaman- either complied with all of the covenants of the
pinjaman jangka panjang tersebut di atas seperti above-mentioned long-term loans as stipulated in
disebutkan dalam perjanjian kredit atau memperoleh the respective loan agreements or obtained
surat pernyataan pelepasan tuntutan pelunasan necessary waivers as required by respective loan
(waiver) sesuai ketentuan perjanjian kredit terkait. agreement.
23. BEBAN AKRUAL DAN LIABILITAS IMBALAN 23. ACCRUED EXPENSES AND SHORT-TERM
KERJA JANGKA PENDEK EMPLOYEE BENEFITS LIABILITY
Beban akrual Accrued expenses
Rincian beban akrual adalah sebagai berikut: The details of accrued expenses are as follows:
2025 2024
Royalti 192.835 36.890 Royalties
Bunga 25.451 33.850 Interest
Jasa profesional 13.859 8.034 Professional fee
Lain-lain 14.418 26.260 Others
Total 246.563 105.034 Total
Liabilitas Imbalan Kerja Jangka Pendek Short-term Employee Benefits Liability
Akun ini terdiri dari akrual beban gaji dan tunjangan This account consists of accrual for employee
karyawan. salaries and benefits.
2025 2024
Liabilitas imbalan kerja jangka pendek 252.152 158.269 Short-term employee benefits liability
85
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Page 366
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
24. LIABILITAS IMBALAN KERJA JANGKA 24. LONG-TERM EMPLOYEE BENEFITS LIABILITY
PANJANG
Dengan berlakunya Undang-Undang No. 6/2023, With the enactment of Indonesian Law No. 6/2023,
Undang-Undang No. 11/2020 dicabut dan Indonesian Law No. 11/2020 was revoked and no
dinyatakan tidak berlaku. Perhitungan liabilitas longer valid. Calculation of employee benefits
imbalan kerja dilakukan dengan memperhitungkan liability is performed by taking into account any
setiap perubahan sebagai dampak penerapan amendment as a result of the implementation of
Undang-Undang No. 6/2023. Indonesian Law No. 6/2023.
Liabilitas berdasarkan UU Cipta Kerja telah dihitung The obligation under the Cipta Kerja Law has been
dengan membandingkan manfaat yang akan calculated by comparing the benefit that will be
diterima oleh karyawan pada usia pensiun normal received by an employee at normal pension age
dengan manfaat yang diperoleh sesuai dengan with the benefit as stipulated under the Cipta Kerja
UU Cipta Kerja setelah dikurangi akumulasi Law after deducting the accumulated employer
kontribusi dari pemberi kerja dan hasil investasi contributions and the related investment results. If
terkait. Jika manfaat dana yang didanai pemberi the employer-funded portion of the Pension Plan
kerja lebih kecil dari manfaat sesuai UU Cipta Kerja, benefit is less than the benefit as required by the
Grup akan menyediakan kekurangannya. Cipta Kerja Law, the Group will provide for such
shortage.
Perhitungan aktuarial untuk tahun yang berakhir The actuarial calculation for the year ended
pada 31 Desember 2025 dan 2024 ditentukan December 31, 2025 and 2024 were determined
berdasarkan laporan penilaian pada tanggal yang based on the valuation report on the same dates
sama dari aktuaris independen, Kantor Konsultan from the independent actuary firm, Kantor Konsultan
Aktuaria Tubagus Syafrial & Amran Nangasan, yang Aktuaria Tubagus Syafrial & Amran Nangasan, as
dituangkan dalam laporannya masing-masing expressed in their report dated February 26, 2026
tanggal 26 Februari 2026 dan 4 Maret 2025. and March 4, 2025, respectively.
Asumsi-asumsi signifikan yang digunakan dalam The significant assumptions used in determining the
menghitung liabilitas imbalan kerja karyawan adalah for employee benefits liability are as follows:
sebagai berikut:
2025 2024
Tingkat diskonto 6,77% - 6,91% p.a 7,13% - 7,14% p.a Discount rate
Tingkat kenaikan gaji tahunan 10,00% p.a Annual salary increase rate
Tingkat mortalitas TMI 4 (2019) Mortality rate
Usia pensiun normal 55 tahun/55 year Normal retirement age
Tingkat pengunduran diri 10% untuk karyawan usia di bawah 30 tahun Resignation rate
dan menurun linier sampai dengan 1%
pada usia 50 tahun dan setelahnya/
10% for employees before age of 30 year
and will linearly decrease
until 1% at age 50 year and thereafter
Tingkat kecacatan 10% dari tingkat mortalitas/10% of the mortality rate Disability rate
86
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Page 367
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
24. LIABILITAS IMBALAN KERJA JANGKA 24. LONG-TERM EMPLOYEE BENEFITS LIABILITY
PANJANG (lanjutan) (continued)
a. Beban imbalan kerja karyawan a. Employee benefits expenses
Rincian beban imbalan kerja karyawan adalah The details of employee benefits expenses are
sebagai berikut: as follows:
2025 2024
Biaya jasa kini 70.462 62.137 Current service costs
Biaya jasa lalu 6.027 3.197 Past service costs
Biaya bunga 15.477 10.680 Interest costs
Kurtailmen (64) (66) Curtailment
Beban imbalan kerja Employee benefits
karyawan tahun berjalan 91.902 75.948 expenses for current year
Mutasi nilai kini kewajiban imbalan pasti adalah The movements in present value of defined
sebagai berikut: benefit obligation are as follows:
2025 2024
Nilai kini kewajiban Present value of defined
manfaat pasti 1 Januari 219.884 174.734 benefit obligation on January 1
Biaya jasa kini 70.462 62.137 Current service costs
Biaya jasa lalu 6.027 3.197 Past service costs
Kurtailmen (64) (66) Curtailments
Rugi (laba) aktuarial dari Actuarial loss (gain) from changes
penyesuaian tingkat diskonto 1.153 (7.435) in discount rate
Laba aktuarial dari Actuarial gain from changes
penyesuaian pengalaman (20.651) (11.727) from experience adjustment
Rugi (laba) aktuarial dari perubahan Actuarial gain (loss) from changes
asumsi keuangan 801 (1.860) in financial assumption
Biaya bunga 15.477 10.680 Interest costs
Pembayaran manfaat (12.968) (9.776) Benefits paid
Nilai kini kewajiban manfaat Present value of defined benefit
pasti 280.121 219.884 obligation
Mutasi liabilitas imbalan kerja pada tanggal The movements in the employee benefits
31 Desember 2025 dan 2024 adalah sebagai liability as of December 31, 2025 and 2024 are
berikut: as follows:
2025 2024
Saldo awal 219.884 174.734 Beginning balance
Beban imbalan kerja Employee benefits
karyawan tahun berjalan 91.902 75.948 expenses for current year
Pembayaran manfaat (12.968) (9.776) Benefits paid
Beban imbalan kerja yang diakui Employee benefits expense
dalam penghasilan recognized in the other
komprehensif lain (18.697) (21.022) comprehensive income
Saldo akhir 280.121 219.884 Ending balance
87
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Page 368
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
24. LIABILITAS IMBALAN KERJA JANGKA 24. LONG-TERM EMPLOYEE BENEFITS LIABILITY
PANJANG (lanjutan) (continued)
b. Liabilitas imbalan kerja karyawan b. Liability for employee benefits
Analisa sensitivitas terhadap asumsi utama The sensitivity analysis to these key
adalah sebagai berikut: assumptions are as follows:
Tingkat Diskonto/ Kenaikan Gaji di Masa Depan/
Discount Rates Future Salary Increases
1% Kenaikan/ 1% Penurunan/ 1% Kenaikan/ 1% Penurunan/
Increase Decrease Increase Decrease
31 Desember 2025 December 31, 2025
Pengaruh pada kewajiban Impact on the defined
imbalan pasti (21.896) 25.282 25.740 (22.670) benefit obligation
31 Desember 2024 December 31, 2024
Pengaruh pada kewajiban Impact on the defined
imbalan pasti (15.844) 17.468 17.837 (16.433) benefit obligation
Analisis sensitivitas di atas telah ditentukan The sensitivity analyses above have been
berdasarkan suatu metode yang determined based on a method that
mengekstrapolasi dampak pada kewajiban extrapolates the impact on the defined benefit
imbalan pasti sebagai akibat dari perubahan obligation as a result of reasonable changes in
yang wajar atas asumsi utama yang terjadi key assumptions occurring at the end of the
pada akhir periode pelaporan. Analisis reporting period. The sensitivity analyses are
sensitivitas didasarkan pada perubahan asumsi based on a change in a significant assumption,
yang signifikan, dengan menjaga agar semua keeping all other assumptions constant. The
asumsi lainnya tetap konstan. Analisis sensitivity analyses may not be representative
sensitivitas mungkin tidak mewakili perubahan of an actual change in the defined benefit
aktual dalam kewajiban imbalan pasti karena obligation as it is unlikely that changes in
kecil kemungkinannya bahwa perubahan assumptions would occur in isolation from one
asumsi akan terjadi secara terpisah satu sama another.
lain.
Jatuh tempo kewajiban imbalan pasti The maturity profile of defined benefit obligation
pada tanggal 31 Desember 2025 dan 2024 as of December 31, 2025 and 2024 is as
adalah sebagai berikut: follows:
2025 2024
Dalam jangka waktu 12 bulan 25.262 18.666 Within the next 12 months
Antara 2 dan 5 tahun 131.818 98.149 Between 2 and 5 year
Antara 5 dan 10 tahun 230.796 182.974 Between 5 and 10 year
Lebih dari 10 tahun 11.633.937 8.316.031 Beyond 10 year
Total 12.021.813 8.615.820 Total
Durasi rata-rata dari liabilitas imbalan kerja The average duration of the benefit obligation at
pada tanggal 31 Desember 2025 dan 2024 December 31, 2025 and 2024, is 17.98 - 22.65
masing-masing adalah 17,98 - 22,65 tahun dan year and 17.92 - 22.53 year, respectively.
17,92 - 22,53 tahun.
88
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Page 369
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
25. PERPAJAKAN 25. TAXATION
a. Taksiran Tagihan Pajak a. Estimated Claims for Tax Refund
Rincian taksiran tagihan pajak Grup adalah The details of estimated claims for tax refund of
sebagai berikut: the Group:
2025
Pajak penghasilan - pasal 29: Income taxes - article 29:
2025 72.936 2025
b. Pajak dibayar di muka b. Prepaid taxes
Pajak dibayar di muka terdiri dari: Prepaid taxes consists of:
2025 2024
PPN masukan 74.470 67.151 VAT in
Pajak penghasilan - pasal 21 6.748 6.521 Income taxes - article 21
Total 81.218 73.672 Total
MSP MSP
Selama tahun 2025, MSP menerima Surat As of December 31, 2025, MSP received Surat
Keputusan Pengembalian Pendahuluan Keputusan Pengembalian Pendahuluan
Kelebihan Pajak (“SKPPKP”) atas PPN masa Kelebihan Pajak (“SKPPKP”) for VAT period of
Januari 2019 dan Oktober 2024 hingga Oktober January 2019 and October 2024 to October
2025. MSP telah menerima pengembalian atas 2025. MSP has received a refund of the VAT
PPN tersebut sebesar Rp44.052 di tahun 2025. amounting to Rp44,052 in 2025.
Selama tahun 2024, MSP menerima SKPPKP As of December 31, 2024, MSP received
atas PPN masa Oktober 2023 hingga SKPPKP for VAT period of October 2023 to
September 2024. MSP telah menerima September 2024. MSP has received a refund of
pengembalian atas PPN tersebut sebesar the VAT amounting to to Rp55,859 in 2024.
Rp55.859 di tahun 2024.
HJF HJF
Selama tahun 2025, HJF menerima SKPPKP As of December 31, 2025, HJF received
atas PPN masa Februari, Juni hingga SKPPKP for VAT period of February, June to
Desember 2024, dan Januari hingga Agustus December 2024, and January to August 2025.
2025. HJF telah menerima pengembalian atas HJF has received a refund of the VAT
PPN tersebut sebesar Rp130.998 di tahun amounting to Rp130,998 in 2025.
2025.
Selama tahun 2024, HJF menerima SKPPKP As of December 31, 2025, HJF received
atas PPN masa September 2023 hingga SKPPKP for VAT period of September 2023 to
September 2024. HJF telah menerima September 2024. HJF has received a refund of
pengembalian atas PPN tersebut sebesar the VAT amounting to Rp134,209 in 2024.
Rp134.209 di tahun 2024.
89
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Page 370
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
25. PERPAJAKAN (lanjutan) 25. TAXATION (continued)
c. Hasil Pemeriksaan Pajak c. Tax Assessment Results
Tambahan Liabilitas Pajak yang Dibebankan Additional Tax Liabilities Imposed by the Tax
oleh Kantor Pajak Office
Jumlah Tambahan
Liabilitas Pajak Jumlah
Termasuk Bunga Keberatan
dan Denda/ Termasuk Bunga
Amounts of Jumlah yang dan Denda/
Additional Dibebankan Amounts
Tax Liabilities pada Laba Rugi/ Appealed,
Tahun Pajak/ Including Interests Amounts Charged Including Interests
Fiscal Year and Penalties to Profit or Loss and Penalties
Tahun yang Berakhir pada Tanggal
31 Desember 2025/Year Ended
December 31, 2025
Perusahaan/The Company
Pajak penghasilan/Income tax
Pasal 4(2)/Article 4(2) 2020 29 29 -
Pasal 21/Article 21 2022 656 656 -
2021 320 320 -
2020 450 450 -
Pasal 23/Article 23 2022 1.402 1.402 -
2021 526 526 -
2020 789 789 -
Pasal 15/Article 15 2022 143 143 -
Pasal 29/Article 29 2022 5.098 5.098 -
2021 8.567 8.567 -
2020 1.880 1.880 -
d. Utang pajak d. Taxes payable
Utang pajak terdiri dari: Taxes payable consists of:
2025 2024
PPN keluaran 11.220 8.190 VAT out
Pajak penghasilan: Income taxes:
Pasal 29 208.702 242.664 Article 29
Pasal 25 91.580 79.886 Article 25
Pasal 23 13.464 7.714 Article 23
Pasal 22 9.968 22.880 Article 22
Pasal 26 1.825 441 Article 26
Pasal 4(2) 1.540 3.110 Article 4(2)
Pasal 21 1.514 1.741 Article 21
Pasal 15 836 995 Article 15
Total 340.649 367.621 Total
90
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Page 371
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
25. PERPAJAKAN (lanjutan) 25. TAXATION (continued)
e. Beban pajak penghasilan e. Income tax expense
Rincian beban pajak penghasilan Grup adalah The details of income tax expense of the Group
sebagai berikut: are as follows:
2025 2024
Dibebankan ke laba rugi Charged to profit or loss
Kini Current
Perusahaan (630.022) (556.833) The Company
Entitas anak (483.084) (439.309) Subsidiaries
Penyesuaian atas Adjustment in respect
tahun sebelumnya of the prior year
Perusahaan (15.673) (5.193) The Company
Entitas anak - (816) Subsidiaries
(1.128.779) (1.002.151)
Tangguhan Deferred
Perusahaan (91.656) 90.763 The Company
Entitas anak 35.859 (47.063) Subsidiaries
Neto (55.797) 43.700 Net
Beban pajak penghasilan (1.184.576) (958.451) Income tax expense
Dibebankan pada penghasilan Charged to other
komprehensif lainnya comprehensive income
Pajak tangguhan Deferred tax
Pengukuran kembali Re-measurement of employee
liabilitas imbalan kerja employee benefits liability
Perusahaan (1.186) (1.758) The Company
Entitas anak (2.927) (2.867) Subsidiaries
Total (4.113) (4.625) Total
Jumlah penghasilan kena pajak dan beban The amounts of the Company’s taxable profit
pajak penghasilan kini Perusahaan untuk tahun and current income tax expense for 2025, as
2025 seperti yang disebutkan di atas dan utang stated in the foregoing, and the related tax
PPh terkait akan dilaporkan oleh Perusahaan payables will be reported by the Company in its
dalam Surat Pemberitahuan Tahunan (“SPT”) 2025 annual income tax return (“SPT”) to be
PPh badan tahun 2025 ke Kantor Pajak. submitted to the Tax Office.
Jumlah penghasilan kena pajak dan beban The amounts of the Company’s taxable profit
pajak penghasilan kini Perusahaan untuk tahun and current income tax expense for 2024, as
2024 seperti yang disebutkan di atas dan utang stated in the foregoing, and the related tax
PPh terkait telah dilaporkan oleh Perusahaan payables have been reported by the Company
dalam SPT PPh badan tahun 2024 ke Kantor in its 2024 SPT as submitted to the Tax Office.
Pajak.
91
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Page 372
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
25. PERPAJAKAN (lanjutan) 25. TAXATION (continued)
f. Rekonsiliasi fiskal f. Fiscal reconciliation
Rekonsiliasi antara laba sebelum pajak The reconciliation between profit before income
penghasilan, seperti yang tercantum dalam tax, as shown in the consolidated statement of
laporan laba rugi dan penghasilan profit or loss and other comprehensive income,
komprehensif lain konsolidasian, dan taksiran and estimated tax income is as follows:
laba fiskal adalah sebagai berikut:
2025 2024
Laba sebelum pajak penghasilan Profit before income tax
per laporan laba rugi per consolidated statement
dan penghasilan komprehensif of profit or loss and
lain konsolidasian 12.154.913 8.670.819 other comprehensive income
Laba sebelum pajak Profit before income tax
penghasilan entitas anak - neto (4.710.625) (4.470.131) of the subsidiaries - net
Eliminasi transaksi dengan Elimination of transactions with
entitas anak (427.788) 448.587 subsidiaries
Bagian atas laba
entitas asosiasi (Catatan 10) (4.090.748) (2.012.894) Share in profit of associates (Note 10)
Laba sebelum pajak Profit before income tax
penghasilan Perusahaan 2.925.752 2.636.381 of the Company
Beda temporer Temporary differences
Liabilitas imbalan kerja Short-term employee
jangka pendek 44.457 - benefits liability
Estimasi liabilitas imbalan kerja 26.609 22.691 Estimated of employee benefits liability
Eliminasi laba belum terealisasi 4.707 9.846 Elimination of unrealized profits
Amortisasi kerugian ditangguhkan Amortization of deferred loss
(Catatan 11) 3.634 - (Note 11)
Total beda temporer 79.407 32.537 Total temporary differences
Beda permanen Permanent differences
Penghasilan bunga yang telah Interest income
dikenakan pajak already subjected to final
penghasilan final (158.826) (144.332) income tax
Lain-lain 17.403 6.474 Others
Total beda permanen (141.423) (137.858) Total permanent differences
Penghasilan kena pajak Taxable profit
- Perusahaan 2.863.736 2.531.060 - the Company
Beban pajak penghasilan kini Current income tax expense
- Perusahaan 630.022 556.833 - the Company
Pajak penghasilan dibayar di muka (532.945) (369.665) Prepayments of income tax
Utang pajak penghasilan badan Corporate income taxes payable
Perusahaan 97.077 187.168 The Company
Entitas anak 111.625 55.496 Subsidiaries
Total 208.702 242.664 Total
Pada tanggal 31 Desember 2025, entitas anak As of December 31, 2025, the subsidiaries have
memiliki rugi fiskal yang dapat dikompensasi tax losses carried forward which can be utilized
dengan penghasilan kena pajak di masa depan against future taxable income up to five year
sampai dengan lima tahun sejak rugi fiskal since the tax loss reported amounting to
tersebut dilaporkan sebesar Rp5.307 Rp5,307 (2024: Rp16,873).
(2024: Rp16.873).
92
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Page 373
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
25. PERPAJAKAN (lanjutan) 25. TAXATION (continued)
g. Rekonsiliasi tarif pajak yang berlaku efektif g. Reconciliation of effective tax rates
Rekonsiliasi antara beban pajak penghasilan The reconciliation between income tax expense
yang dihitung dengan menggunakan tarif pajak computed using the prevailing tax rates on the
yang berlaku dari laba akuntansi sebelum accounting profit before income tax expense
beban pajak penghasilan dan beban pajak and the tax expense reported in the
seperti yang tercantum dalam laporan laba rugi consolidated statement of profit or loss and
dan penghasilan komprehensif lain other comprehensive income for the year ended
konsolidasian untuk tahun yang berakhir pada December 31, 2025 and 2024 is as follows:
tanggal 31 Desember 2025 dan 2024 adalah
sebagai berikut:
2025 2024
Laba sebelum pajak penghasilan Profit before income tax
per laporan laba rugi per consolidated statement of
dan penghasilan komprehensif profit or loss and other
lain konsolidasian 12.154.913 8.670.819 comprehensive income
Eliminasi transaksi dengan entitas anak (427.788) 448.587 Elimination of transactions with subsidiaries
Bagian atas laba Share in profit
entitas asosiasi (Catatan 10) (4.090.748) (2.012.894) of associates (Note 10)
Laba sebelum pajak penghasilan 7.636.377 7.106.512 Profit before income tax
Pajak penghasilan dengan Income tax with
tarif pajak yang berlaku (1.680.003) (1.563.433) applicable tax rate
Pengaruh pajak atas beda permanen 40.601 21.085 Tax effects on permanent differences
Keuntungan yang belum direalisasi Unrealized gain on
atas transaksi intragrup (106.165) 83.605 intra-group profit
Penyesuaian atas tahun sebelumnya (15.673) (6.009) Adjustment in respect of the prior year
Laba fiskal entitas anak yang
mendapatkan fasilitas Taxable income of subsidiary
pengurangan pajak 577.349 540.449 subject to tax holiday facility
Penggunaan rugi fiskal yang Utilization of
dapat dikompensasi 3.069 - tax loss carry forward
Aset pajak tangguhan yang Unrecognized
tidak diakui (297) (34.144) deferred tax assets
Lain-lain (3.457) (4) Others
Beban pajak penghasilan Consolidated income
konsolidasian (1.184.576) (958.451) tax expense
93
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Page 374
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
25. PERPAJAKAN (lanjutan) 25. TAXATION (continued)
g. Rekonsiliasi tarif pajak yang berlaku efektif g. Reconciliation of effective tax rates
(lanjutan) (continued)
HJF HJF
Pada tanggal 12 September 2023, HJF On September 12, 2023, HJF obtained a tax
memperoleh fasilitas pengurangan pajak holiday facility on corporate income tax from the
penghasilan badan dari Menteri Keuangan Indonesian Ministry of Finance which is a 100
Republik Indonesia, yaitu pengurangan pajak percent reduction in corporate income tax from
penghasilan dari kegiatan usaha utama main business income tax for 10 fiscal years
sebesar 100 persen selama 10 tahun fiskal after the start of commercial production and 50
setelah dimulainya produksi komersial dan percent reduction for the next 2 (two) fiscal
pengurangan sebesar 50 persen untuk 2 (dua) years. This Decree is effective starting from its
tahun fiskal selanjutnya. Keputusan Menteri ini stipulated date.
mulai berlaku sejak tanggal ditetapkannya.
h. Aset Pajak Tangguhan h. Deferred Tax Assets
Mutasi aset pajak tangguhan adalah sebagai The movements in deferred tax assets is as
berikut: follows:
2025
Dibebankan ke/Charged to
Penghasilan
Komprehensif
Lainnya/
Saldo Awal/ Other Saldo Akhir/
Beginning Comprehensive Laba Rugi/ Translasi/ Ending
Balances Income Profit or Loss Translation Balances
Perusahaan The Company
Estimasi liabilitas atas Estimated liabilities for
imbalan kerja karyawan 20.456 (1.186) 5.854 - 25.124 employee benefits
Laba belum terealisasi 226.079 - (108.090) - 117.989 Unrealized profit
Liabilitas imbalan kerja Short-term employee
jangka pendek - - 9.781 - 9.781 benefits liability
Kerugian ditangguhkan Deferred loss
dari investasi pada on investment in
instrumen utang - - 799 - 799 debt instruments
Sub-total 246.535 (1.186) (91.656) - 153.693 Sub-total
Entitas anak Subsidiaries
Estimasi liabilitas atas Estimated liabilities for
imbalan kerja karyawan 13.312 (3.180) 8.182 315 18.629 employee benefits
Aset hak-guna (3.138) - 3.379 (241) - Right of use assets
Liabilitas sewa 3.095 - (3.379) 284 - Lease liabilities
Liabilitas imbalan kerja Short-term employee
jangka pendek - - 4.344 - 4.344 benefits liability
Sub-total 13.269 (3.180) 12.526 358 22.973 Sub-total
Total 259.804 (4.366) (79.130) 358 176.666 Total
94
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
25. PERPAJAKAN (lanjutan) 25. TAXATION (continued)
h. Aset Pajak Tangguhan (lanjutan) h. Deferred Tax Assets (continued)
Mutasi aset pajak tangguhan adalah sebagai The movements in deferred tax assets is as
berikut: (lanjutan) follows: (continued)
2024
Dibebankan ke/Charged to
Penghasilan
Komprehensif
Lainnya/
Saldo Awal/ Other Saldo Akhir/
Beginning Comprehensive Laba Rugi/ Translasi/ Ending
Balances Income Profit or Loss Translation Balances
Perusahaan The Company
Estimasi liabilitas atas Estimated liabilities for
imbalan kerja karyawan 17.222 (1.758) 4.992 - 20.456 employee benefits
Laba belum terealisasi 140.308 - 85.771 - 226.079 Unrealized profit
Sub-total 157.530 (1.758) 90.763 - 246.535 Sub-total
Entitas anak Subsidiaries
Estimasi liabilitas atas Estimated liabilities for
imbalan kerja karyawan 8.275 (1.395) 6.161 271 13.312 employee benefits
Aset hak-guna (8.097) - 5.246 (287) (3.138) Right of use assets
Liabilitas sewa 8.209 - (5.404) 290 3.095 Lease liabilities
Sub-total 8.387 (1.395) 6.003 274 13.269 Sub-total
Total 165.917 (3.153) 96.766 274 259.804 Total
Manajemen berpendapat bahwa aset pajak The management is of the opinion that the
tangguhan tersebut di atas dapat dipulihkan above deferred tax assets can be fully
melalui penghasilan kena pajak di masa yang recovered through future taxable income.
akan datang.
i. Liabilitas Pajak Tangguhan i. Deferred Tax Liabilities
Mutasi liabilitas pajak tangguhan adalah The movements in deferred tax liabilities is as
sebagai berikut: follows:
2025
Dibebankan ke/Charged to
Penghasilan
Komprehensif
Lainnya/
Saldo Awal/ Other Saldo Akhir/
Beginning Comprehensive Laba Rugi/ Translasi/ Ending
Balances Income Profit or Loss Translation Balances
Entitas anak Subsidiary
Estimasi liabilitas atas Estimated liabilities for
imbalan kerja karyawan 14.606 253 2.405 610 17.874 employee benefits
Aset tetap (476.593) - 15.821 (17.988) (478.760) Fixed assets
Liabilitas imbalan kerja Short-term employee
jangka pendek - - 5.107 95 5.202 benefits liability
Total (461.987) 253 23.333 (17.283) (455.684) Total
95
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Page 376
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
25. PERPAJAKAN (lanjutan) 25. TAXATION (continued)
i. Liabilitas Pajak Tangguhan (lanjutan) i. Deferred Tax Liabilities (continued)
Mutasi liabilitas pajak tangguhan adalah The movements in deferred tax liabilities is as
sebagai berikut: (lanjutan) follows: (continued)
2024
Dibebankan ke/Charged to
Penghasilan
Komprehensif
Lainnya/
Saldo Awal/ Other Saldo Akhir/
Beginning Comprehensive Laba Rugi/ Translasi/ Ending
Balances Income Profit or Loss Translation Balances
Entitas anak Subsidiary
Estimasi liabilitas atas Estimated liabilities for
imbalan kerja karyawan 12.944 (1.472) 2.487 647 14.606 employee benefits
Aset tetap (400.551) - (55.553) (20.489) (476.593) Fixed assets
Total (387.607) (1.472) (53.066) (19.842) (461.987) Total
Untuk tujuan penyajian dalam laporan posisi For purposes of presentation in the
keuangan konsolidasian, klasifikasi aset atau consolidated statement of financial position, the
liabilitas pajak tangguhan untuk setiap asset or liability classification of the deferred tax
perbedaan temporer di atas ditentukan effect of each of the above temporary
berdasarkan posisi pajak tangguhan neto (aset differences is determined based on the net
neto atau liabilitas neto) setiap entitas. deferred tax position (net assets or net
liabilities) on a per entity basis.
j. Pajak Penghasilan Pilar Dua j. Pillar Two income taxes
Aturan Pajak Minimum Global (Global Anti- The Global Anti-base Erosion Rule (“Pillar 2”
base Erosion Rule atau model “Pilar 2”) telah model) were adopted in Indonesia were
diadopsi di Indonesia melalui PMK 136/2024 adopted in Indonesia through PMK 136/2024
yang berlaku efektif mulai 1 Januari 2025 effective starting January 1, 2025 (Note 2o).
(Catatan 2o). Berdasarkan aturan tersebut, According to these rules, the Group is
Grup dikategorikan sebagai Entitas Konstituen considered a Constituent Entity of
dari PT Harita Jayaraya, entitas induk terakhir PT Harita Jayaraya, the ultimate parent entity
(“UPE”) yang berdomisili di Indonesia, yang (“UPE”) domiciled in Indonesia, which an
merupakan Perusahaan Multinasional (“PMN”) inscope Multinational Enterprise (“MNE”) to
yang wajib menerapkan ketentuan Pilar 2. which the Pillar 2 rules shall be applied.
Berdasarkan penilaian yang dilakukan oleh Based on the assessment performed by UPE,
UPE, Grup tidak akan dikenakan pajak the Group will not be required to pay Pillar 2 top-
tambahan Pilar 2 untuk tahun yang berakhir up tax for the year ended December 31, 2025,
tanggal 31 Desember 2025, karena yurisdiksi as Indonesia jurisdiction has met the
Indonesia telah memenuhi ketentuan sesuai requirements under the PMK 136/2024.
PMK 136/2024.
96
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Page 377
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
25. PERPAJAKAN (lanjutan) 25. TAXATION (continued)
k. Pengampunan Pajak k. Tax Amnesty
Pada tanggal 6 April 2017, Perusahaan As of April 6, 2017, the Company have decided
memutuskan untuk memanfaatkan fasilitas to utilize tax amnesty facility based on Tax
pengampunan pajak berdasarkan Amnesty Law. Tax amnesty assets are
Undang-Undang Pengampunan Pajak. Aset measured at the amount reported in the Tax
pengampunan pajak diukur berdasarkan nilai Amnesty Approval Letter (“SKPP”). The
yang dilaporkan pada Surat Keterangan redemption money (the amount of tax paid in
Pengampunan Pajak (“SKPP”). Uang tebusan accordance with Tax Amnesty law) shall be
(jumlah pajak yang harus dibayarkan sesuai charged directly to profit or loss in the period
dengan aturan Pengampunan Pajak) when the SKPP was received.
dibebankan pada laporan laba rugi pada
periode saat SKPP diterima.
Berdasarkan PSAK 370 “Akuntansi Aset dan Based on PSAK 370 “Accounting for Assets and
Liabilitas Pengampunan Pajak”, selisih antara Liabilities of Tax Amnesty”, any difference
nilai yang diakui sebagai aset dan liabilitas between amounts initially recognized for the tax
pengampunan pajak disajikan sebagai amnesty assets and the related tax amnesty
“Tambahan Modal Disetor” dan tidak bisa liabilities is presented as “Additional Paid-in
direklasifikasi sebagai saldo laba atau Capital” and shall not be reclassified to retained
komponen laba atau rugi tahun berjalan. earnings or reclassified to profit or loss
subsequently.
l. Perubahan Tarif Pajak l. Changes in Tax Rate
Pada bulan Desember 2024, Pemerintah In December 2024, the Government of
Indonesia mengesahkan Peraturan Menteri Indonesia enacted the Minister of Finance
Keuangan Republik Indonesia No. 131 Tahun Regulation of the Republic of Indonesia No. 131
2024 tentang Perlakuan Pajak Pertambahan Year 2024 related to the Treatment of Value
Nilai atas Impor Barang Kena Pajak, Added Tax on the Import of Taxable Goods,
Penyerahan Barang Kena Pajak, Penyerahan Delivery of Taxable Goods, Delivery of Taxable
Jasa Kena Pajak, Pemanfaatan Barang Kena Services, Utilisation of Intangible Taxable
Pajak Tidak Berwujud dari Luar Daerah Goods from Outside the Customs Area within
Pabean di Dalam Daerah Pabean, dan the Customs Area, and Utilisation of Taxable
Pemanfaatan Jasa Kena Pajak dari Luar Services from Outside the Customs Area within
Daerah Pabean di Dalam Daerah Pabean yang the Customs Area, which changes the method
mengubah cara perhitungan pajak of calculating the value added tax payable by
pertambahan nilai yang terutang dihitung multiplying the rate of 12% (twelve percent) with
dengan cara mengalikan tarif 12% dengan the tax base in the form of another value of
dasar pengenaan pajak berupa nilai lain 11/12 (eleven twelfths) of the selling price from
sebesar 11/12 (sebelas per dua belas) dari January 1-31, 2025. The value added tax
harga jual mulai tanggal 1-31 Januari 2025. reverted back to 12% effectively from
Ketentuan pajak pertambahan nilai berlaku February 1, 2025.
kembali menjadi 12% secara efektif sejak
1 Februari 2025.
97
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Page 378
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
26. EKUITAS 26. EQUITY
Ekuitas yang Dapat Diatribusikan kepada Equity Attributable to the Owners of the Parent
Pemilik Entitas Induk
Modal Saham Share Capital
Pemegang saham Perusahaan dan kepemilikan The Company’s shareholders and their respective
sahamnya pada tanggal 31 Desember 2025 adalah share ownerships on December 31, 2025 are as
sebagai berikut: follows:
Jumlah Saham
Ditempatkan
dan Disetor Penuh
(Angka Penuh)/
Number of Shares Persentase
Issued and Kepemilikan/
Fully Paid Percentage of Jumlah/
Pemegang Saham (Full Amount) Ownership Amount Shareholders
PT Harita Jayaraya 51.312.682.000 81,32% 5.131.268 PT Harita Jayaraya
Glencore International Glencore International
Investments Ltd, Swiss 4.534.708.000 7,19% 453.471 Investments Ltd, Switzerland
PT Citra Duta Jaya Makmur 551.010.000 0,87% 55.101 PT Citra Duta Jaya Makmur
Masyarakat dan lainnya 6.589.466.700 10,44% 658.947 Public and others
Total Saham Beredar 62.987.866.700 99,82% 6.298.787 Total Shares Outstanding
Saham Treasuri 110.733.300 0,18% 11.073 Treasury Shares
Total Saham Ditempatkan Total Issued
dan Disetor Penuh 63.098.600.000 100,00% 6.309.860 and Fully Paid Shares
Pemegang saham Perusahaan dan kepemilikan The Company’s shareholders and their respective
sahamnya pada tanggal 31 Desember 2024 adalah share ownerships on December 31, 2024 are as
sebagai berikut: follows:
Jumlah Saham
Ditempatkan
dan Disetor Penuh
(Angka Penuh)/
Number of Shares Persentase
Issued and Kepemilikan/
Fully Paid Percentage of Jumlah/
Pemegang Saham (Full Amount) Ownership Amount Shareholders
PT Harita Jayaraya 53.439.768.500 84,69% 5.343.977 PT Harita Jayaraya
PT Citra Duta Jaya Makmur 551.010.000 0,87% 55.101 PT Citra Duta Jaya Makmur
Masyarakat dan lainnya 9.107.821.500 14,44% 910.782 Public and others
Total Saham Ditempatkan Total Issued
dan Disetor Penuh 63.098.600.000 100,00% 6.309.860 and Fully Paid Shares
Saham Treasuri Treasury Shares
Pada tanggal 27 Juni 2024, Perusahaan telah On June 27, 2024, the Company has obtained the
memperoleh persetujuan melalui Rapat Umum approval through Annual General Meeting of
Pemegang Saham Tahunan ("RUPST") untuk Shareholder ("AGMS") to conduct the Buyback of
melakukan Pembelian Kembali Saham yang Issued Shares of the Company in accordance with
dikeluarkan oleh Perusahaan berdasarkan the provision of OJK Regulation No. 29 Year 2023
ketentuan Peraturan OJK Nomor 29 tahun 2023 concerning the Buyback of Shares Issued by Listed
tentang Pembelian Kembali Saham yang Companies for a maximum amount Rp1,000,000
dikeluarkan oleh Perusahaan Terbuka dengan with maximum period of 12 months effective after
jumlah sebanyak-banyaknya Rp1.000.000 dalam the date of approval of the AGMS.
jangka waktu paling lama 12 bulan terhitung setelah
tanggal persetujuan RUPST.
98
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Page 379
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
26. EKUITAS (lanjutan) 26. EQUITY (continued)
Saham Treasuri (lanjutan) Treasury Shares (continued)
Pada tanggal 18 Juni 2025, Perusahaan telah On June 18, 2025, the Company has obtained the
memperoleh persetujuan melalui Rapat Umum approval through Annual General Meeting of
Pemegang Saham Tahunan ("RUPST") untuk Shareholder ("AGMS") to conduct the Buyback of
melakukan Pembelian Kembali Saham yang Issued Shares of the Company in accordance with
dikeluarkan oleh Perusahaan berdasarkan the provision of OJK Regulation No. 29 Year 2023
ketentuan Peraturan OJK Nomor 29 tahun 2023 concerning the Buyback of Shares Issued by Listed
tentang Pembelian Kembali Saham yang Companies for a maximum amount Rp1,000,000
Dikeluarkan oleh Perusahaan Terbuka dengan with maximum period of 12 months effective after
jumlah sebanyak-banyaknya Rp1.000.000 dalam the date of approval of the AGMS.
jangka waktu paling lama 12 bulan terhitung setelah
tanggal persetujuan RUPST.
Sampai dengan tanggal 31 Desember 2025, Up to December 31, 2025, the Company
Perusahaan telah mencapai perolehan saham accomplished 110,733,300 treasury shares
treasuri sebanyak 110.733.300 saham (December 31, 2024: Nil) at a total acquisition cost
(31 Desember 2024: Nihil) dengan harga perolehan of Rp75,741 (December 31, 2024: RpNil), which is
sebesar Rp75.741 (31 Desember 2024: RpNihil) presented in “Treasury Shares” account that is
yang disajikan sebagai akun “Saham Treasuri” yang deducted from equity in the consolidated statement
mengurangi ekuitas pada laporan posisi keuangan of financial position.
konsolidasian.
Dividen Kas dan Cadangan Umum Cash Dividends and General Reserve
Berdasarkan Rapat Umum Pemegang Saham Based on the Annual General Meeting of
Tahunan pada tanggal 18 Juni 2025 yang telah Shareholders dated June 18, 2025 that has been
diaktakan dengan Akta Notaris Jimmy Tanal, S.H., notarized by the Notarial Deed of Jimmy Tanal,
M.Kn., No. 122 tanggal 18 Juni 2025, para S.H., M.Kn., No. 122 dated June 18, 2025, the
pemegang saham menyetujui, antara lain shareholders approved utilization of Company’s net
penggunaan hasil usaha Perusahaan untuk Tahun profit for the Financial Year ended on
Buku yang berakhir pada tanggal December 31, 2024 in the amount of Rp6,379,504,
31 Desember 2024 sebesar Rp6.379.504 termasuk
including the use of profit and distribution of
penggunaan laba dan pembagian dividen sebagai
dividends as follows:
berikut:
Menetapkan cadangan dana umum sebesar Establish a general reserve of 0.19% or
0,19% atau Rp12.000 sebagai cadangan wajib Rp12,000 as a mandatory reserve as stipulated
sebagaimana diatur dalam Pasal 70 Undang- in Article 70 of Law Number 40 of 2007
Undang Nomor 40 Tahun 2007 tentang concerning Limited Liability Companies;
Perseroan Terbatas; Establish distribution cash dividend of 30% or
Menetapkan pembagian dividen kas sebesar Rp1,913,899 or Rp30.357 (full amount) per
30% atau sebesar Rp1.913.899 atau Rp30,357 share to the holder of 63,046,379,200
(angka penuh) per saham kepada shareholders; and
63.046.379.200 pemegang saham; dan The remainder is recorded as retained earnings
Sisanya dicatat sebagai saldo laba ditahan of the Company to support the Company's
Perusahaan untuk mendukung kegiatan operational and development activities.
operasional dan pengembangan Perseroan.
99
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Page 380
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
26. EKUITAS (lanjutan) 26. EQUITY (continued)
Dividen Kas dan Cadangan Umum (lanjutan) Cash Dividends and General Reserve
(continued)
Berdasarkan Rapat Umum Pemegang Saham Based on the Annual General Meeting of
Tahunan pada tanggal 27 Juni 2024 yang telah Shareholders dated June 27, 2024 that has been
diaktakan dengan Akta Notaris Jimmy Tanal, S.H., notarized by the Notarial Deed of Jimmy Tanal, S.H.,
M.Kn., No. 265 tanggal 27 Juni 2024, para M.Kn., No. 265 dated June 27, 2024, the
pemegang saham menyetujui, antara lain shareholders approved utilization of Company’s net
menyetujui penggunaan hasil usaha Perusahaan profit for the Financial Year ended on
untuk Tahun Buku yang berakhir pada tanggal December 31, 2023 in the amount of Rp5,618,997,
31 Desember 2023 sebesar Rp5.618.997 termasuk
including the use of profit and distribution of
penggunaan laba dan pembagian dividen sebagai
dividends as follows:
berikut:
Menetapkan cadangan dana umum sebesar Establish a general reserve of 0.18% or
0,18% atau Rp10.000 sebagai cadangan wajib Rp10,000 as a mandatory reserve as stipulated
sebagaimana diatur dalam Pasal 70 in Article 70 of Law Number 40 of 2007
Undang-Undang Nomor 40 Tahun 2007 concerning Limited Liability Companies;
tentang Perseroan Terbatas;
Menetapkan pembagian dividen kas sebesar Establish distribution cash dividend of 30% or
30% atau sebesar Rp1.685.742 atau Rp26,716 Rp1,685,742 or Rp26.716 (full amount) per
(angka penuh) per saham kepada share to the holder of 63,098,600,000
63.098.600.000 pemegang saham; dan shareholders; and
Sisanya dicatat sebagai saldo laba ditahan The remainder is recorded as retained earnings
Perusahaan untuk mendukung kegiatan of the Company to support the Company's
operasional dan pengembangan Perseroan. operational and development activities.
Perusahaan telah membayar seluruh kewajiban The Company has paid all the dividend payment
pembayaran dividen tersebut. obligations.
Manajemen Modal Capital Management
Tujuan utama pengelolaan modal Grup adalah The primary objective of the Group's capital
untuk memastikan pemeliharaan rasio modal yang management is to ensure that they maintain healthy
sehat untuk mendukung usaha dan memaksimalkan capital ratios in order to support their business and
imbalan bagi pemegang saham. maximize shareholder value.
Undang-undang Perseroan Terbatas, efektif tanggal The Corporate Law, effective August 16, 2007,
16 Agustus 2007, mengharuskan Grup untuk requires the Group to allocate a non-distributable
mengalokasikan sampai dengan 20,00% dari modal reserve fund until the reserve reaches 20.00% of the
saham ditempatkan dan disetor penuh ke dalam issued and fully paid share capital. This externally
dana cadangan yang tidak boleh didistribusikan. imposed capital requirement is considered by the
Persyaratan permodalan eksternal tersebut Group at the Annual Shareholders’ General
dipertimbangkan oleh Grup pada Rapat Umum Meeting.
Pemegang Saham.
Konsisten dengan entitas lain dalam industri, Grup Consistent with other entities in the industry, the
memonitor modal dengan dasar rasio utang Group monitors capital on the basis of the debt-to-
terhadap ekuitas. Rasio ini dihitung dengan equity ratio. This ratio is calculated by dividing total
membagi total utang dengan jumlah ekuitas. debts by total equity. In relation to this, the total
Sehubungan dengan ini, jumlah utang dan modal debts and equity are the total liabilities and equity as
merupakan jumlah liabilitas dan ekuitas yang shown in the statement of financial position.
disajikan di laporan posisi keuangan.
100
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
26. EKUITAS (lanjutan) 26. EQUITY (continued)
Manajemen Modal (lanjutan) Capital Management (continued)
2025 2024
Utang bank jangka panjang 9.380.490 10.802.184 Long-term bank loans
Liabilitas sewa - 14.704 Lease liabilities
Total 9.380.490 10.816.888 Total
Dikurangi kas dan bank (6.016.371) (6.486.402) Less cash on hand and in banks
Utang neto 3.364.119 4.330.486 Net debts
Total ekuitas 46.755.865 36.454.054 Total equity
Rasio pengungkit 0,07 0,12 Gearing ratio
Rasio kewajiban terhadap ekuitas 0,20 0,30 Debt to equity ratio
Tidak ada perubahan atas tujuan, kebijakan maupun There are no changes to the objectives, policies and
proses pada tanggal 31 Desember 2025 dan 2024. processes as of December 31, 2025 and 2024. The
Grup telah mematuhi setiap persyaratan Group is in compliance with the capital
permodalan dari pihak pemberi pinjaman. requirements of lenders.
27. TAMBAHAN MODAL DISETOR 27. ADDITIONAL PAID-IN CAPITAL
Akun ini terdiri dari: This account consists of:
2025 2024
Agio saham Penawaran Umum Additional paid-in capital from Initial
Saham Perdana 9.197.240 9.197.240 Public Offering
Biaya emisi saham (289.003) (289.003) Stock issuance costs
Pengampunan pajak 364.416 364.416 Tax amnesty
Selisih dari transaksi dengan Difference arising from transactions with
entitas sepengendali 1.094.918 1.094.918 entities under common control
Total 10.367.571 10.367.571 Total
Atas penambahan modal disetor, Perusahaan telah For the additional paid-in capital, the Company has
menerima kas dari penerbitan saham atas jumlah received cash from the issuance of share capital
nilai nominal saham dikurangi biaya emisi efek over the total nominal value of the shares, net of the
ekuitas. share issuance costs.
Biaya emisi saham merupakan biaya-biaya yang Stock issuance costs are expenses directly related
berkaitan langsung dengan penerbitan saham baru to the Company’s issuance of new shares
Perusahaan yang dilakukan saat Penawaran Umum conducted during the Initial Public Offering on
Perdana tanggal 3 April 2023. April 3, 2023.
Berdasarkan surat keputusan pajak Based on Tax Amnesty Approval
tanggal 6 April 2017, aset yang diakui terkait dated April 6 2017, assets related to tax amnesty
pengampunan pajak merupakan investasi saham represents investment of shares in MSP amounting
pada MSP dengan nilai sebesar Rp364.416. to Rp364,416.
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Page 382
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
27. TAMBAHAN MODAL DISETOR (lanjutan) 27. ADDITIONAL PAID-IN CAPITAL (continued)
Rincian dari selisih dari transaksi dengan entitas The details of difference arising from transactions
sepengendali adalah sebagai berikut: with entities under common control are as follows:
Nilai Tercatat
pada Entitas Selisih dari
Asosiasi yang Transaksi dengan
Dipertahankan Entitas
Nilai Buku dari Entitas Anak Sepengendali/
dari Aset Neto Terdahulu/ Difference
Tanggal Efektif yang Diakuisisi/ Investment Arising from
Transaksi/ Total Imbalan Carrying Amount in Associate Transactions with
Entitas/ Effective Date Kas/Total of Net Assets Retained in the Entities Under
Entities of Transactions Cash Consideration as of Acquired Former Subsidiary Common Control
PT Halmahera Persada Lygend 8 November 2019/ (Rp132.510) 79.344 - (53.166)
November 8, 2019 untuk 63,10%
kepemilikan saham/
(Rp132,510)
for 63.10% equity
ownership
PT Halmahera Persada Lygend 27 September 2021/ Rp498.937 2.348.872 (2.807.393) 40.416
September 27, 2021 untuk 45,10%
kepemilikan saham/
Rp498,937
for 45.10% equity
ownership
PT Gane Permai Sentosa 16 September 2022/ (Rp25.690) 607.892 - 582.202
September 16, 2022 untuk 99,00%
kepemilikan saham/
(Rp25,690)
for 99.00% equity
ownership
PT Megah Surya Pertiwi 15 September 2022/ (Rp388.206) 924.890 - 536.684
September 15, 2022 untuk 50,00%
kepemilikan saham/
(Rp388,206)
for 50.00% equity
ownership
PT Gane Tambang Sentosa 29 November 2023/ (Rp7.920) (3.279) - (11.199)
November 29, 2023 untuk 99,00%
kepemilikan saham/
(Rp7,920)
for 99.00% equity
ownership
PT Kreasi Kemakmuran Tambang 30 Oktober 2024/ (Rp99) 80 - (19)
October 30, 2024 untuk 99,00%
kepemilikan saham/
(Rp99)
for 99.00% equity
ownership
Total 3.957.799 (2.807.393) 1.094.918
Hubungan dari entitas sepengendali yang The relationships of the transacting under common
bertransaksi tersebut tidak bersifat sementara. control entity are not temporary.
102
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Page 383
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
28. KEPENTINGAN NONPENGENDALI 28. NON-CONTROLLING INTERESTS
Pada tanggal 31 Desember 2025 dan 2024, rincian As of December 31, 2025 and 2024, the details of
dari kepentingan nonpengendali atas aset neto non-controlling interests in net assets of the
entitas anak adalah sebagai berikut: subsidiaries are as follows:
2025 2024
PT Obira Mitra Jaya dan entitas anak 5.984.792 4.020.980 PT Obira Mitra Jaya and its subsidiary
PT Megah Surya Pertiwi 2.030.347 1.860.229 PT Megah Surya Pertiwi
PT Gane Permai Sentosa dan PT Gane Permai Sentosa and
entitas anak 90.318 86.839 its subsidiaries
PT Gane Tambang Sentosa dan PT Gane Tambang Sentosa
entitas anak 855 (257) and its subsidiary
Total 8.106.312 5.967.791 Total
Untuk tahun yang berakhir pada tanggal For the year ended December 31, 2025 and 2024,
31 Desember 2025 dan 2024, rincian dari the details of non-controlling interests in total
kepentingan nonpengendali atas total penghasilan comprehensive income of the subsidiaries are as
komprehensif entitas anak adalah sebagai berikut: follows:
2025 2024
PT Obira Mitra Jaya dan entitas anak 1.963.812 1.300.857 PT Obira Mitra Jaya and its subsidiary
PT Megah Surya Pertiwi 300.366 262.338 PT Megah Surya Pertiwi
PT Gane Permai Sentosa dan PT Gane Permai Sentosa and
entitas anak 9.979 13.776 its subsidiaries
PT Gane Tambang Sentosa dan PT Gane Tambang Sentosa
entitas anak 1.112 (205) and its subsidiary
Total 2.275.269 1.576.766 Total
Kepentingan material dari pemegang saham Material equity interests held by non-controlling
nonpengendali pada entitas anak adalah sebagai interests in subsidiaries are as follows:
berikut:
Entitas Anak/ Lokasi Pendirian/
Subsidiaries Country of Incorporation 2025 2024
PT Megah Surya Pertiwi Indonesia 40,10% 40,10%
PT Halmahera Jaya Feronikel Indonesia 36,90% 36,90%
PT Obira Mitra Jaya Indonesia 36,46% 36,46%
PT Gane Permai Sentosa Indonesia 1,00% 1,00%
PT Gane Tambang Sentosa Indonesia 1,00% 1,00%
103
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Page 384
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
28. KEPENTINGAN NONPENGENDALI (lanjutan) 28. NON-CONTROLLING INTERESTS (continued)
Ringkasan informasi keuangan dari entitas anak The summary of financial information of subsidiaries
yang memiliki kepentingan nonpengendali yang with material non-controlling interests are provided
material disajikan berikut ini, berdasarkan jumlah below, based on amounts before inter-company
sebelum eliminasi antar-perusahaan: eliminations:
PT Obira Mitra Jaya dan entitas anak/
PT Obira Mitra Jaya and its subsidiary
2025 2024
Aset Assets
Aset lancar 5.893.257 5.619.057 Current assets
Aset tidak lancar 17.850.730 17.959.112 Non-current assets
Total Aset 23.743.987 23.578.169 Total Assets
Liabilitas Liabilities
Liabilitas jangka pendek (5.862.264) (7.013.683) Current liabilities
Liabilitas jangka panjang (7.556.254) (9.171.562) Non-current liabilities
Total Liabilitas (13.418.518) (16.185.245) Total Liabilities
Kepentingan nonpengendali (3.809.138) (2.727.041) Non-controlling interests
Aset Neto 6.516.331 4.665.883 Net Assets
PT Obira Mitra Jaya dan entitas anak/
PT Obira Mitra Jaya and its subsidiary
2025 2024
Pendapatan dari kontrak Revenue from contracts
dengan pelanggan 17.245.150 18.366.535 with customers
Laba tahun berjalan 2.622.505 2.137.224 Profit for the year
Penghasilan komprehensif lain Other comprehensive income
tahun berjalan, setelah pajak 310.039 262.587 for the year, net of tax
Total penghasilan komprehensif Total comprehensive income
tahun berjalan 2.932.544 2.399.811 for the year
Total penghasilan komprehensif Total comprehensive income
yang diatribusikan kepada: attributable to:
Pemilik entitas induk 1.850.447 1.514.288 Owners of the parent company
Kepentingan nonpengendali 1.082.097 885.523 Non-controlling interests
104
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Page 385
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
28. KEPENTINGAN NONPENGENDALI (lanjutan) 28. NON-CONTROLLING INTERESTS (continued)
Ringkasan informasi keuangan dari entitas anak The summary of financial information of subsidiaries
yang memiliki kepentingan nonpengendali yang with material non-controlling interests are provided
material disajikan berikut ini, berdasarkan jumlah below, based on amounts before inter-company
sebelum eliminasi antar-perusahaan: (lanjutan) eliminations: (continued)
PT Obira Mitra Jaya dan entitas anak/
PT Obira Mitra Jaya and its subsidiary
2025 2024
Arus kas neto yang diperoleh dari Net cash flow provided by
aktivitas operasi 3.046.078 4.197.741 operating activities
Arus kas neto yang digunakan Net cash flow used in
untuk aktivitas investasi (408.956) (2.089.057) investing activities
Arus kas neto yang digunakan Net cash flow used in
untuk aktivitas pendanaan (2.373.288) (1.644.958) financing activities
Kenaikan neto Net increase in
kas dan bank 263.834 463.726 cash on hand and in banks
Kas dan bank Cash on hand and in banks
awal tahun 1.120.377 641.497 at beginning of year
Dampak perubahan selisih kurs Effect of exchange rate differences
terhadap kas dan bank 41.249 15.154 on cash on hand and in banks
Kas dan bank Cash on hand and in banks
pada akhir tahun 1.425.460 1.120.377 at end of year
PT Megah Surya Pertiwi
2025 2024
Aset Assets
Aset lancar 2.246.542 1.382.220 Current assets
Aset tidak lancar 3.653.893 3.960.577 Non-current assets
Total Aset 5.900.435 5.342.797 Total Assets
Liabilitas Liabilities
Liabilitas jangka pendek (359.406) (188.096) Current liabilities
Liabilitas jangka panjang (536.930) (528.376) Non-current liabilities
Total Liabilitas (896.336) (716.472) Total Liabilities
Aset Neto 5.004.099 4.626.325 Net Assets
105
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Page 386
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
28. KEPENTINGAN NONPENGENDALI (lanjutan) 28. NON-CONTROLLING INTERESTS (continued)
Ringkasan informasi keuangan dari entitas anak The summary of financial information of subsidiaries
yang memiliki kepentingan nonpengendali yang with material non-controlling interests are provided
material disajikan berikut ini, berdasarkan jumlah below, based on amounts before inter-company
sebelum eliminasi antar-perusahaan: (lanjutan) eliminations: (continued)
PT Megah Surya Pertiwi
2025 2024
Pendapatan dari kontrak Revenue from contracts
dengan pelanggan 5.209.517 4.797.485 with customers
Laba tahun berjalan 527.035 481.168 Profit for the year
Penghasilan komprehensif lain Other comprehensive income
tahun berjalan, setelah pajak 176.360 215.942 for the year, net of tax
Total penghasilan komprehensif Total comprehensive income
tahun berjalan 703.395 697.110 for the year
PT Megah Surya Pertiwi
2025 2024
Arus kas neto yang diperoleh Net cash flow provided by
dari aktivitas operasi 1.007.229 1.194.664 operating activities
Arus kas neto yang digunakan Net cash flow used in
untuk aktivitas investasi (19.889) (78.516) investing activities
Arus kas neto yang digunakan Net cash flow used in
untuk aktivitas pendanaan (329.500) (1.294.200) financing activities
Kenaikan (penurunan) neto Net increase (decrease) in
kas dan bank 657.840 (178.052) cash on hand and in banks
Kas dan bank Cash on hand and in banks
awal tahun 495.929 640.820 at beginning of year
Dampak perubahan selisih kurs Effect of exchange rate differences
terhadap kas dan bank 26.968 33.161 on cash on hand and in banks
Kas dan bank Cash on hand and in banks
pada akhir tahun 1.180.737 495.929 at end of year
Rincian pembayaran dividen kepada kepentingan The details of dividends payment to non-controlling
nonpengendali adalah sebagai berikut: interests are as follows:
2025 2024
PT Megah Surya Pertiwi (130.248) (497.476) PT Megah Surya Pertiwi
PT Gane Permai Sentosa (6.500) (6.150) PT Gane Permai Sentosa
Total (136.748) (503.626) Total
106
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Page 387
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
29. PENDAPATAN DARI KONTRAK DENGAN 29. REVENUE FROM CONTRACTS WITH
PELANGGAN CUSTOMERS
Rincian pendapatan dari kontrak dengan pelanggan The details of revenue from contracts with
yang dapat diatribusikan ke setiap lini bisnis setelah customers attributable to each business units after
eliminasi adalah sebagai berikut: eliminations are as follows:
2025 2024
Pengolahan nikel 22.454.667 23.164.020 Nickel processing
Penambangan nikel 7.178.132 3.801.242 Nickel mining
Total 29.632.799 26.965.262 Total
Rincian pendapatan dari kontrak dengan pelanggan The details of revenue from contracts with customers
yang melebihi 10% dari total pendapatan dari to individual customers representing more than 10%
kontrak dengan pelanggan adalah sebagai berikut: of the total revenue from contracts with customers
are as follows:
Persentase/
Total/Total Percentage
2025 2024 2025 2024
Pengolahan Nikel Nickel Processing
Lygend Resources & Technology Lygend Resources & Technology
Co., Ltd., Tiongkok 13.287.530 14.052.198 44,84 52,11 Co., Ltd., China
Glencore International AG, Glencore International AG,
Swiss 5.637.265 3.039.860 19,02 11,27 Switzerland
Ningbo Lygend Wisdom Ningbo Lygend Wisdom
Co., Ltd., Tiongkok 2.050.369 6.071.962 6,92 22,52 Co., Ltd., China
Total 20.975.164 23.164.020 70,78 85,90 Total
Kewajiban Pelaksanaan Performance Obligations
Kewajiban pelaksanaan pada Grup, yang mencakup The performance obligations of the Group, which
produk-produk di atas, dipenuhi pada saat cover the products mentioned above, are satisfied
pengiriman dari lokasi Grup atau pada penyerahan upon shipment from the Group’s location or upon
barang di lokasi pelanggan sesuai persyaratan delivery of the goods at the customer’s location as
dalam kontrak. Jangka waktu pembayaran yang agreed in the contracts. The term of payment is
ditetapkan pada kontrak adalah antara 1 sampai 35 generally due within 1 to 35 days upon fulfillment of
hari setelah kewajiban pelaksanaan dipenuhi. Untuk the performance obligation. For export sales, the
penjualan ekspor, Grup mensyaratkan pembayaran Group requires payment against the presentation of
saat penyerahan dokumen penjualan. documents of title.
107
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
30. BEBAN POKOK PENJUALAN 30. COST OF GOODS SOLD
Rincian beban pokok penjualan adalah sebagai The details of cost of goods sold are as follows:
berikut:
2025 2024
Biaya produksi langsung Direct production costs
Bahan baku 5.209.407 5.053.343 Raw materials
Bahan bakar 5.036.154 5.295.037 Fuel
Tenaga kerja langsung 2.289.152 2.207.600 Direct labor
Pertambangan 1.890.191 1.326.816 Mining
Lain-lain 17.044 9.164 Others
Sub-total 14.441.948 13.891.960 Sub-total
Biaya produksi tidak langsung Indirect production costs
Penyusutan aset tetap (Catatan 12) 1.780.167 1.648.361 Depreciation of fixed assets (Note 12)
Perbaikan dan pemeliharaan 677.669 544.318 Repairs and maintenance
Perlengkapan 544.845 614.013 Supplies
Biaya pabrikasi 342.582 156.684 Manufacturing overhead
Pajak dan perijinan 213.193 183.755 Tax and licenses
Biaya penanganan 104.816 99.851 Handling costs
Kewajiban restorasi Provision for environmental
lingkungan (Catatan 20) 65.113 38.722 restoration (Note 20)
Amortisasi (Catatan 14) 19.077 4.277 Amortization (Note 14)
Lain-lain 220.259 109.674 Others
Sub-total 3.967.721 3.399.655 Sub-total
Total biaya produksi 18.409.669 17.291.615 Total production costs
Persediaan barang jadi Finished goods inventories
Awal periode 2.259.885 2.595.385 Beginning of the period
Akhir periode (Catatan 7) (2.249.741) (2.259.885) Ending of the period (Note 7)
Eliminasi laba belum Elimination of
terealisasi - entitas asosiasi 11.136 53.009 unrealized profits - associates entities
Royalti (Catatan 38) 1.337.419 837.852 Royalty (Note 38)
Penyesuaian atas Adjustment in respect
royalti tahun sebelumnya (Catatan 38) 173.033 - of the prior year royalty (Note 38)
Total 19.941.401 18.517.976 Total
Selama tahun yang berakhir pada tanggal During the year ended December 31, 2025 and
31 Desember 2025 dan 2024, tidak ada transaksi 2024, there were no purchase made from any single
dari satu pemasok dengan total pembelian supplier with a cumulative amount exceeding 10%
kumulatifnya melebihi 10% pendapatan dari kontrak of the total consolidated revenue from contracts with
dengan pelanggan konsolidasian. customers.
108
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Page 389
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
31. BEBAN PENJUALAN, UMUM DAN 31. SELLING, GENERAL AND ADMINISTRATIVE
ADMINISTRASI EXPENSES
Rincian beban penjualan, umum dan administrasi This details of selling, general and administrative
adalah sebagai berikut: expenses as follows:
2025 2024
Beban Penjualan Selling Expenses
Pengangkutan dan transportasi 40.608 38.008 Loading and transportation
Analisis laboratorium 13.746 10.784 Laboratorium analysis
Jasa profesional 13.665 12.307 Professional fees
Gaji, upah dan kesejahteraan Salaries, wages and employee
karyawan 6.984 4.749 benefits
Penyusutan aset tetap (Catatan 12) 5.937 5.095 Depreciation of fixed assets (Note 12)
Biaya penanganan 2.003 4.152 Handling
Lain-lain 622 1.087 Others
Sub-total 83.565 76.182 Sub-total
Beban Umum dan Administrasi General and Administrative Expenses
Gaji, upah dan kesejahteraan Salaries, wages and employee
karyawan 588.324 604.903 benefits
Jasa profesional 88.645 86.556 Professional fees
Penyusutan aset tetap (Catatan 12) 80.419 75.714 Depreciation of fixed assets (Note 12)
Pajak dan perijinan 71.139 67.873 Tax and licenses
Perlengkapan 69.034 97.628 Supplies
Perjalanan dinas 67.831 93.763 Business travelling
Sewa 26.181 31.831 Rental
Komunikasi dan utilitas 24.831 24.980 Communication and utilities
Asuransi 20.155 21.817 Insurance
Beban kantor 11.735 24.605 Office expenses
Penyusutan aset hak-guna Depreciation right of use assets
(Catatan 13) 6.426 11.959 (Note 13)
Perbaikan dan pemeliharaan 5.154 5.728 Repair and maintenance
Pengembangan masyarakat - 215.034 Community development
Lain-lain 122.224 151.303 Others
Sub-total 1.182.098 1.513.694 Sub-total
Total 1.265.663 1.589.876 Total
32. PENGHASILAN DAN BEBAN OPERASI LAIN 32. OTHER OPERATING INCOME AND EXPENSES
Penghasilan Operasi Lain Other Operating Income
Rincian penghasilan operasi lain adalah sebagai The details of other operating income are as follows:
berikut:
2025 2024
Sewa alat berat, kendaraan, Rental heavy equipment, vehicle,
dan jasa tenaga kerja 27.007 170.744 and manpower
Laba penjualan aset tetap Gain on sale of fixed assets
(Catatan 12) 660 568 (Note 12)
Laba selisih kurs Gain on foreign exchange
(Catatan 40) - 120.278 (Note 40)
Lain-lain 38.226 20.756 Others
Total 65.893 312.346 Total
109
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Page 390
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
32. PENGHASILAN DAN BEBAN OPERASI LAIN 32. OTHER OPERATING INCOME AND EXPENSES
(lanjutan) (continued)
Beban Operasi Lain Other Operating Expenses
Rincian beban operasi lain adalah sebagai berikut: The details of other operating expenses are as
follows:
2025 2024
Selisih kurs Foreign exchange differential
(Catatan 40) 96.748 - (Note 40)
Amortisasi kerugian ditangguhkan Amortization of deferred loss on
dari investasi pada investment in
instrumen utang (Catatan 11) 3.634 - debt instruments (Note 11)
Rugi penghapusan aset tetap Loss on disposal of fixed assets
(Catatan 12) 2.056 3.363 (Note 12)
Lain-lain 4.583 12 Others
Total 107.021 3.375 Total
33. PENGHASILAN KEUANGAN 33. FINANCE INCOME
Untuk tahun yang berakhir pada tanggal For the year ended December 31, 2025 and 2024,
31 Desember 2025 dan 2024, penghasilan the details of finance income represent interest
keuangan terdiri dari pendapatan bunga masing- income amounting to Rp260,235 and Rp246,415,
masing sebesar Rp260.235 dan Rp246.415. respectively.
34. BEBAN KEUANGAN 34. FINANCE COSTS
Rincian beban keuangan adalah sebagai berikut: The details of finance costs are as follows:
2025 2024
Beban bunga 657.614 797.397 Interest expenses
Amortisasi biaya transaksi Amortization transaction cost of
utang bank 20.671 81.981 bank loans
Biaya bank 1.986 3.568 Bank charges
Rugi selisih kurs Loss on foreign exchange
(Catatan 40) (99.594) (128.075) (Note 40)
Total 580.677 754.871 Total
35. SALDO DAN TRANSAKSI YANG SIGNIFIKAN 35. SIGNIFICANT BALANCES AND TRANSACTIONS
DENGAN PIHAK-PIHAK BERELASI WITH RELATED PARTIES
Dalam kegiatan usaha normal, Grup melakukan In the normal course of business, the Group has
transaksi dengan pihak-pihak berelasi. Entitas transactions with entities which are considered
dianggap sebagai pihak berelasi dari Grup berkaitan related parties. The entities are considered related
dengan kesamaan pemilik. Harga jual atau beli parties of the Group in view of their common
antara pihak-pihak berelasi ditentukan berdasarkan ownership. Sales or purchase price among related
harga yang disepakati oleh kedua belah pihak. parties is determined based on prices agreed by
both parties.
110
388 PT Trimegah Bangun Persada Tbk | Laporan Tahunan 2025 Annual Report www.tbpnickel.com
Page 391
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
35. SALDO DAN TRANSAKSI YANG SIGNIFIKAN 35. SIGNIFICANT BALANCES AND TRANSACTIONS
DENGAN PIHAK-PIHAK BERELASI (lanjutan) WITH RELATED PARTIES (continued)
Sifat hubungan dengan pihak-pihak berelasi yang The nature of significant relationships with the
signifikan adalah sebagai berikut: related parties are as follows:
Pihak-pihak berelasi/ Sifat hubungan/ Sifat transaksi/
Related parties Nature of relationship Nature of transactions
PT Harita Jayaraya (“HJR”) Entitas induk Perusahaan/ Utang kepada pihak berelasi/
Parent entity of the Company Due to related party
PT Halmahera Persada Lygend (“HPL”) Entitas asosiasi Perusahaan/ Penjualan bijih nikel/
Associate entity of the Company Sales of nickel ore
PT Dharma Cipta Mulia (“DCM”) Entitas asosiasi Perusahaan/ Pembelian persediaan/
Associate entity of the Company Purchase of inventories
PT Obi Stainless Steel (“OSS”) Entitas asosiasi Perusahaan/ Utang lain-lain/
Associate entity of the Company Other payables
PT Karunia Permai Sentosa (“KPS”) Entitas asosiasi Perusahaan/ Penjualan bijih nikel dan sewa alat
Associate entity of the Company berat, kendaraan, dan manpower/
Sales of nickel ore and rental heavy
equipment, vehicles, and manpower
PT Obi Nickel Cobalt (“ONC”)*) Entitas asosiasi Perusahaan/ Penjualan bijih nikel dan sewa alat
Associate entity of the Company berat, kendaraan, dan manpower/
Sales of nickel ore and rental heavy
equipment, vehicles, and manpower
PT Mitra Sinar Maritim (“MSM”) Entitas sepengendali/Entity under common control Pengangkutan batubara/Coal hauling
PT Gema Selaras Perkasa (“GSP”) Entitas sepengendali/Entity under common control Jasa bongkar muat/Stevedoring service
PT Hasta Panca Mandiri Utama (“HPMU”) Entitas sepengendali/Entity under common control Jasa pertambangan/Mining services
PT Mitra Kemakmuran Line (“MKL”) Entitas sepengendali/Entity under common control Jasa pengangkutan/
Hauling services
PT Pesona Khatulistiwa Nusantara (“PKN”) Entitas sepengendali/Entity under common control Pembelian persediaan/
Purchase of inventories
PT Antar Sarana Rekasa (“ASR”) Entitas sepengendali/Entity under common control Sewa tugboat dan biaya pengiriman
bahan baku/Rental tugboat and
freight cost of raw materials
PT Megah Energi Khatulistiwa (“MEK”) Entitas sepengendali/Entity under common control Pembelian persediaan/
Purchase of inventories
PT Marina Bara Lestari (“MBL”) Entitas sepengendali/Entity under common control Pembelian persediaan/
Purchase of inventories
PT Makmur Jaya Maritimindo (“MJM”) Entitas sepengendali/Entity under common control Rental kapal/
Ship chartering
PT Obi Sinar Timur (“OST”) Entitas sepengendali/Entity under common control Pembelian listrik/
Purchase of electricity
*) Entitas asosiasi Perusahaan sejak tanggal 13 Desember 2024/
Associate entity of the Company starting December 13, 2024
Rincian saldo dan transaksi yang signifikan dengan The details of significant balances and transactions
pihak-pihak berelasi adalah sebagai berikut: with related parties are as follows:
Persentase terhadap
Total Aset Konsolidasian (%)/
Percentage to Total
Total/Total Consolidated Assets (%)
2025 2024 2025 2024
Piutang usaha (Catatan 5) Trade receivables (Note 5)
PT Karunia Permai Sentosa 502.805 84.059 0,81 0,16 PT Karunia Permai Sentosa
PT Halmahera Persada Lygend 148.627 208.282 0,24 0,40 PT Halmahera Persada Lygend
PT Obi Nickel Cobalt 145.272 211.498 0,24 0,40 PT Obi Nickel Cobalt
Total 796.704 503.839 1,29 0,96 Total
Piutang lain-lain (Catatan 6) Other receivables (Note 6)
PT Hasta Panca Mandiri Utama 14.645 12.062 0,02 0,02 PT Hasta Panca Mandiri Utama
Lain-lain 4.791 2.228 0,01 0,00 Others
Total 19.436 14.290 0,03 0,02 Total
111
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Page 392
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
35. SALDO DAN TRANSAKSI YANG SIGNIFIKAN 35. SIGNIFICANT BALANCES AND TRANSACTIONS
DENGAN PIHAK-PIHAK BERELASI (lanjutan) WITH RELATED PARTIES (continued)
Rincian saldo dan transaksi yang signifikan dengan The details of significant balances and transactions
pihak-pihak berelasi adalah sebagai berikut: with related parties are as follows: (continued)
(lanjutan)
Persentase terhadap
Total Aset Konsolidasian (%)/
Percentage to Total
Total/Total Consolidated Assets (%)
2025 2024 2025 2024
Pembelian bahan baku Purchase of materials related
pembangunan aset tetap to construction of fixed assets
PT Dharma Cipta Mulia 51.545 112.999 0,08 0,22 PT Dharma Cipta Mulia
Uang muka pemasok Advance to supplier
PT Dharma Cipta Mulia 2.152 - 0,00 - PT Dharma Cipta Mulia
Persentase terhadap
Total Liabilitas Konsolidasian (%)/
Percentage to Total
Total/Total Consolidated Liabilities (%)
2025 2024 2025 2024
Utang usaha (Catatan 17) Trade payables (Note 17)
PT Marina Bara Lestari 86.528 116.093 0,58 0,73 PT Marina Bara Lestari
PT Hasta Panca Mandiri Utama 71.409 42.863 0,48 0,27 PT Hasta Panca Mandiri Utama
PT Obi Sinar Timur 49.770 - 0,33 - PT Obi Sinar Timur
PT Pesona Khatulistiwa Nusantara 40.484 14.356 0,27 0,09 PT Pesona Khatulistiwa Nusantara
PT Mitra Kemakmuran Line 13.617 22.294 0,09 0,14 PT Mitra Kemakmuran Line
PT Antar Sarana Rekasa 11.437 11.063 0,08 0,07 PT Antar Sarana Rekasa
PT Mitra Sinar Maritim - 6.675 - 0,04 PT Mitra Sinar Maritim
Lain-lain 2.792 3.552 0,02 0,02 Others
Total 276.037 216.896 1,85 1,36 Total
Utang lain-lain (Catatan 18) Other payables (Note 18)
PT Antar Sarana Rekasa 3.108 1.635 0,02 0,01 PT Antar Sarana Rekasa
PT Gema Selaras Perkasa 1.798 2.926 0,01 0,02 PT Gema Selaras Perkasa
PT Dharma Cipta Mulia 1.344 300 0,01 0,00 PT Dharma Cipta Mulia
PT Obi Stainless Steel 1.061 1.061 0,01 0,01 PT Obi Stainless Steel
Lain-lain 829 1.110 0,01 0,01 Others
Total 8.140 7.032 0,06 0,05 Total
Persentase terhadap Total Pendapatan
dari Kontrak dengan Pelanggan (%)/
Percentage to Total Revenue
Total/Total from Contracts with Customers (%)
2025 2024 2025 2024
Pendapatan dari kontrak Revenue from contracts
dengan pelanggan with customers
PT Obi Nickel Cobalt 2.328.735 1.472.492 7,86 5,46 PT Obi Nickel Cobalt
PT Karunia Permai Sentosa 2.246.459 135.145 7,58 0,50 PT Karunia Permai Sentosa
PT Halmahera Persada Lygend 2.000.121 2.193.605 6,75 8,13 PT Halmahera Persada Lygend
Total 6.575.315 3.801.242 22,19 14,09 Total
112
390 PT Trimegah Bangun Persada Tbk | Laporan Tahunan 2025 Annual Report www.tbpnickel.com
Page 393
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
35. SALDO DAN TRANSAKSI YANG SIGNIFIKAN 35. SIGNIFICANT BALANCES AND TRANSACTIONS
DENGAN PIHAK-PIHAK BERELASI (lanjutan) WITH RELATED PARTIES (continued)
Rincian saldo dan transaksi yang signifikan dengan The details of significant balances and transactions
pihak-pihak berelasi adalah sebagai berikut: with related parties are as follows: (continued)
(lanjutan)
Persentase terhadap Total
Beban Pokok Penjualan
Konsolidasian (%)/
Percentage to Total Consolidated
Total/Total Cost of Goods Sold (%)
2025 2024 2025 2024
Beban pokok penjualan Cost of goods sold
PT Marina Bara Lestari 1.499.599 1.216.819 7,52 6,57 PT Marina Bara Lestari
PT Hasta Panca Mandiri Utama 688.425 537.735 3,45 2,90 PT Hasta Panca Mandiri Utama
PT Pesona Khatulistiwa Nusantara 352.072 491.910 1,77 2,66 PT Pesona Khatulistiwa Nusantara
PT Mitra Kemakmuran Line 218.877 205.140 1,10 1,11 PT Mitra Kemakmuran Line
PT Obi Sinar Timur 194.416 - 0,97 - PT Obi Sinar Timur
PT Antar Sarana Rekasa 93.792 135.574 0,47 0,73 PT Antar Sarana Rekasa
PT Mitra Sinar Maritim 82.771 57.166 0,42 0,31 PT Mitra Sinar Maritim
PT Makmur Jaya Maritimindo 34.224 7.915 0,17 0,04 PT Makmur Jaya Maritimindo
PT Dharma Cipta Mulia 27.575 181.930 0,14 0,98 PT Dharma Cipta Mulia
PT Gema Selaras Perkasa 16.985 11.991 0,09 0,06 PT Gema Selaras Perkasa
PT Megah Energi Khatulistiwa 6.535 8.068 0,03 0,04 PT Megah Energi Khatulistiwa
Lain-lain 440 - 0,00 - Others
Total 3.215.711 2.854.248 16,13 15,40 Total
Persentase terhadap Total
Beban Penjualan, Umum dan
Administrasi Konsolidasian (%)/
Percentage to Total Consolidated
Selling, General and
Total/Total Administrative Expenses (%)
2025 2024 2025 2024
Beban penjualan, umum Selling, general
dan administrasi and administrative expenses
PT Makmur Jaya Maritimindo 6.806 5.227 0,54 0,33 PT Makmur Jaya Maritimindo
PT Antar Sarana Rekasa 6.437 26.005 0,51 1,64 PT Antar Sarana Rekasa
PT Dharma Cipta Mulia 5.708 - 0,45 - PT Dharma Cipta Mulia
PT Gema Selaras Perkasa 4.904 9.702 0,39 0,61 PT Gema Selaras Perkasa
Lain-lain - 850 - 0,05 Others
Total 23.855 41.784 1,89 2,63 Total
Persentase terhadap Total
Penghasilan Operasi
Lain Konsolidasian (%)/
Percentage to Total Consolidated
Total/Total Other Operating Income (%)
2025 2024 2025 2024
Penghasilan operasi lain Other operating income
PT Obi Nickel Cobalt 7.381 42.722 11,20 13,68 PT Obi Nickel Cobalt
PT Halmahera Persada Lygend 3.883 20.618 5,89 6,60 PT Halmahera Persada Lygend
PT Dharma Cipta Mulia 2.389 12.235 3,63 3,92 PT Dharma Cipta Mulia
PT Karunia Permai Sentosa 990 5.837 1,50 1,87 PT Karunia Permai Sentosa
Lain-lain 95 2.397 0,14 0,77 Others
Total 14.738 83.809 22,36 26,84 Total
113
www.tbpnickel.com PT Trimegah Bangun Persada Tbk | Laporan Tahunan 2025 Annual Report 391
Page 394
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
35. SALDO DAN TRANSAKSI YANG SIGNIFIKAN 35. SIGNIFICANT BALANCES AND TRANSACTIONS
DENGAN PIHAK-PIHAK BERELASI (lanjutan) WITH RELATED PARTIES (continued)
Transaksi dengan Manajemen Kunci Transaction with Key Management Personnel
Kompensasi Manajemen Kunci Key Management Compensation
Dewan Komisaris dan Direksi merupakan personil The Boards of Commissioners and Directors are
manajemen kunci. Sebagian dari personil considered key management personnel. Some of
manajemen kunci Perusahaan juga merupakan the Company's key management personnel are
personil manajemen kunci dari entitas anaknya also key management personel of its subsidiaries
dan/atau entitas asosiasinya. Oleh karena itu, and/or its associates. As such, the compensation of
kompensasi untuk personil manajemen kunci those key management personnel is paid by the
tersebut dibayarkan oleh Perusahaan dan/atau Company and/or those entities.
entitas-entitas terkait.
Beban kompensasi bruto manajemen kunci Grup Gross compensation of key management of the
untuk tahun yang berakhir pada tanggal Group for the year ended December 31, 2025 and
31 Desember 2025 dan 2024 adalah sebagai 2024 are as follows:
berikut:
2025 2024
Gaji dan imbalan kerja jangka pendek Salaries and short-term employee benefits
Dewan Komisaris 8.405 8.429 Board of Commissioners
Direksi 42.676 39.691 Board of Directors
Total 51.081 48.120 Total
36. LABA PER SAHAM DASAR 36. BASIC EARNINGS PER SHARE
Rincian perhitungan laba per saham dasar adalah Details of basic earnings per share computation are
sebagai berikut: as follows:
2025 2024
Laba tahun berjalan yang Profit for the year
dapat diatribusikan kepada attributable to
Pemilik entitas induk 8.951.516 6.379.504 Owners of the parent
Jumlah rata-rata tertimbang saham Weighted average number of shares
(angka penuh) 63.030.407.093 63.098.600.000 (full amount)
Laba per saham dasar yang dapat Basic earnings per share
diatribusikan kepada pemilik attributable to the owners of
entitas induk (angka penuh) 142,02 101,10 the parent (full amount)
114
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Page 395
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
37. INFORMASI SEGMEN 37. SEGMENT INFORMATION
Untuk kepentingan manajemen, Grup digolongkan For management purposes, the Group is organized
menjadi unit usaha berdasarkan produk dan jasa into business units based on their products and
dan memiliki dua segmen operasi dilaporkan services and has two reportable operating segments
sebagai berikut: as follows:
Pengolahan Nikel Nickel Processing
Segmen Pengolahan Nikel melakukan kegiatan Segment Nickel Processing is involved in nickel
usaha dalam pengolahan dan pemurnian nikel, refinery and smelter plant, starting from drying
dimulai dengan proses pengeringan untuk process for reduce water content in nickel ore,
mengurangi kadar air dalam bijih nikel, smelting, smelting, converting and granulation.
converting dan granulasi.
Penambangan Nikel Nickel Mining
Segmen Penambangan Nikel dilakukan dengan Nickel Mining Segment is involved in open pit and
tahap open pit dan open cast dimana dimulai dari open cast stages which starts from area clearing
proses pembersihan lahan, penggalian dan processing, digging and hauling nickel ore to be
pengumpulan bijih nikel yang akan dibawa menuju taken for preparation to nickel processing plant.
persiapan ke pabrik pengolahan nikel.
Segmen Operasi Operating Segments
Manajemen memantau hasil operasi dari unit Management monitors the operating results of its
usahanya secara terpisah guna keperluan business units separately for the purpose of making
pengambilan keputusan mengenai alokasi sumber decisions about resource allocation and
daya dan penilaian kinerja. Kinerja segmen performance assessment. Segment performance is
dievaluasi berdasarkan laba rugi operasi dan diukur evaluated based on operating profit or loss and is
secara konsisten dengan laba rugi operasi pada measured consistently with operating profit or loss
laporan keuangan konsolidasian. Namun, in the consolidated financial statements. However,
pendanaan Grup (termasuk beban keuangan dan the Group financing (including finance costs and
penghasilan keuangan) dan pajak penghasilan finance income) and income taxes are managed on
dikelola secara grup dan tidak dialokasikan kepada a group basis and are not allocated to operating
segmen operasi. segments.
Harga transfer antar entitas hukum dan antar Transfer prices between legal entities and segments
segmen diatur dengan cara yang serupa dengan are set on a manner similar to transactions with third
transaksi dengan pihak ketiga. parties.
115
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Page 396
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
37. INFORMASI SEGMEN (lanjutan) 37. SEGMENT INFORMATION (continued)
Segmen Operasi (lanjutan) Operating Segments (continued)
Tabel berikut ini menyajikan informasi pendapatan The following table presents revenue and profit, and
dan laba dan aset dan liabilitas tertentu sehubungan certain asset and liability information regarding the
dengan segmen operasi Grup: Group’s operating segments:
2025
Pengolahan Nikel/ Penambangan Nikel/ Eliminasi/ Total/
Nickel Processing Nickel Mining Eliminations Total
Pendapatan dari kontrak dengan Revenue from contracts with
pelanggan - eksternal 22.454.667 7.178.132 - 29.632.799 customers - external
Pendapatan antar segmen - 2.932.536 (2.932.536) - Inter-segment revenue
Beban pokok penjualan (17.827.934) (5.532.468) 3.419.001 (19.941.401) Cost of goods sold
Laba bruto 4.626.733 4.578.200 486.465 9.691.398 Gross profit
Beban penjualan, Selling, general and
umum dan administrasi (1.265.663) administrative expenses
Penghasilan operasi lain 65.893 Other operating income
Beban operasi lain (107.021) Other operating expenses
Laba usaha 8.384.607 Profit from operations
Penghasilan keuangan 260.235 Finance income
Beban keuangan (580.677) Finance costs
Bagian atas laba Share in profit of
entitas asosiasi 4.090.748 associates
Laba sebelum pajak penghasilan 12.154.913 Profit before income tax
Beban pajak penghasilan (1.184.576) Income tax expense
Laba tahun berjalan 10.970.337 Profit for the year
Penghasilan komprehensif lain Other comprehensive income
tahun berjalan 1.457.862 for the year
Total penghasilan komprehensif Total comprehensive income
tahun berjalan setelah pajak 12.428.199 for the year, net of tax
Informasi segmen lainnya Other segment informations
Belanja modal (*) 531.247 575.629 - 1.106.876 Capital expenditures (*)
Depresiasi dan amortisasi 1.651.898 240.128 - 1.892.026 Depreciation and amortization
Aset dan Liabilitas Assets and Liabilities
Aset segmen dilaporkan 29.554.761 18.898.426 (10.619.970) 37.833.217 Reportable segment assets
Investasi pada entitas asosiasi 23.679.002 Investment in associates
Pajak dibayar di muka 81.218 Prepaid taxes
Aset pajak tangguhan 176.666 Deferred tax assets
Aset Grup 61.770.103 Group’s Assets
Liabilitas segmen dilaporkan 13.749.181 1.822.720 (1.353.996) 14.217.905 Reportable segment liabilities
Utang pajak 340.649 Taxes payable
Liabilitas pajak tangguhan 455.684 Deferred tax liabilities
Liabilitas Grup 15.014.238 Group’s Liabilities
(*) Belanja modal terdiri dari penambahan atas aset tetap, aset hak-guna, properti pertambangan dan aset eksplorasi dan evaluasi/
Capital expenditures consist of additions to fixed assets, right of use assets, mining properties and exploration and evaluation assets
116
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
37. INFORMASI SEGMEN (lanjutan) 37. SEGMENT INFORMATION (continued)
Segmen Operasi (lanjutan) Operating Segments (continued)
Tabel berikut ini menyajikan informasi pendapatan The following table presents revenue and profit, and
dan laba dan aset dan liabilitas tertentu sehubungan certain asset and liability information regarding the
dengan segmen operasi Grup: (lanjutan) Group’s operating segments: (continued)
2024
Pengolahan Nikel/ Penambangan Nikel/ Eliminasi/ Total/
Nickel Processing Nickel Mining Eliminations Total
Pendapatan dari kontrak dengan Revenue from contracts with
pelanggan - eksternal 23.164.020 3.801.242 - 26.965.262 customers - external
Pendapatan antar segmen - 4.523.133 (4.523.133) - Inter-segment revenue
Beban pokok penjualan (18.486.689) (4.183.516) 4.152.229 (18.517.976) Cost of goods sold
Laba bruto 4.677.331 4.140.859 (370.904) 8.447.286 Gross profit
Beban penjualan, Selling, general and
umum dan administrasi (1.589.876) administrative expenses
Penghasilan operasi lain 312.346 Other operating income
Beban operasi lain (3.375) Other operating expenses
Laba usaha 7.166.381 Profit from operations
Penghasilan keuangan 246.415 Finance income
Beban keuangan (754.871) Finance costs
Bagian atas laba Share in profit of
entitas asosiasi 2.012.894 associates
Laba sebelum pajak penghasilan 8.670.819 Profit before income tax
Beban pajak penghasilan (958.451) Income tax expense
Laba tahun berjalan 7.712.368 Profit for the year
Penghasilan komprehensif lain Other comprehensive income
tahun berjalan 2.539.110 for the year
Total penghasilan komprehensif Total comprehensive income
tahun berjalan setelah pajak 10.251.478 for the year, net of tax
Informasi segmen lainnya Other segment informations
Belanja modal (*) 865.498 389.565 - 1.255.063 Capital expenditures (*)
Depresiasi dan amortisasi 1.567.920 177.486 - 1.745.406 Depreciation and amortization
Aset dan Liabilitas Assets and Liabilities
Aset segmen dilaporkan 28.839.962 17.923.439 (10.363.969) 36.399.432 Reportable segment assets
Investasi pada entitas asosiasi 15.520.930 Investment in associates
Pajak dibayar di muka 73.672 Prepaid taxes
Aset pajak tangguhan 259.804 Deferred tax assets
Aset Grup 52.253.838 Group’s Assets
Liabilitas segmen dilaporkan 16.389.705 1.321.534 (2.741.063) 14.970.176 Reportable segment liabilities
Utang pajak 367.621 Taxes payable
Liabilitas pajak tangguhan 461.987 Deferred tax liabilities
Liabilitas Grup 15.799.784 Group’s Liabilities
(*) Belanja modal terdiri dari penambahan aset tetap, aset hak-guna, properti pertambangan dan aset eksplorasi dan evaluasi/
Capital expenditures consist of additions of fixed assets, right of use assets, mining properties and exploration and evaluation assets
117
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
37. INFORMASI SEGMEN (lanjutan) 37. SEGMENT INFORMATION (continued)
Informasi Geografis Geographic Information
Sebagian besar aset tidak lancar Grup berlokasi di The Group’s non-current assets are mainly located
Indonesia. Tabel berikut menyajikan pendapatan in Indonesia. The following table presents revenue
dari kontrak dengan pelanggan berdasarkan lokasi from contracts with customers based on the location
pelanggan: of the customers:
2025 2024
Negara Countries
Tiongkok 15.831.636 20.124.160 China
Indonesia 7.178.132 3.801.242 Indonesia
Swiss 5.637.265 3.039.860 Switzerland
Singapura 985.766 - Singapore
Total pendapatan sesuai laporan laba Total revenue per consolidated
rugi dan penghasilan komprehensif statements of profit or loss and
lain konsolidasian 29.632.799 26.965.262 other comprehensive income
38. PERJANJIAN DAN KOMITMEN YANG 38. SIGNIFICANT AGREEMENTS AND
SIGNIFIKAN COMMITMENTS
a. Liabilitas Keuangan atas Izin Usaha a. Financial Obligations Under Mining
Pertambangan Business License
Sebagai pemegang IUP, Grup berkewajiban As an IUP holder, the Group is obligated to pay
untuk membayar iuran konsesi untuk setiap concession fees per hectare of IUP explore,
hektar dari IUP yang dieksplorasi, developed and extracted to the State Office
dikembangkan dan dieksploitasi kepada Kas Funds. The amount of the concession fees is
Negara. Besarnya iuran konsesi tergantung dari based on the type of mineral and the level of
jenis mineral dan tingkat produksinya. production.
b. Peraturan Pertambangan b. Mining Regulations
Undang-Undang Pertambangan No. 3 Tahun Mining Law No. 3 Year 2020
2020
Pada tanggal 10 Juni 2020, Pemerintah On June 10, 2020, the Government issued
menerbitkan Undang-Undang No. 3 Tahun Law No. 3 Year 2020 on the Amendment to Law
2020 tentang Perubahan atas Undang-Undang No. 4 year 2009 on Mineral and Coal Mining.
No. 4 Tahun 2009 Tentang Pertambangan Based on the Company, GPS and GTS
Mineral dan Batubara. Berdasarkan kajian awal preliminary review, the amendment does not
Perusahaan, GPS dan GTS, perubahan ini provide significant impacts on the Company,
tidak memberikan dampak signifikan terhadap GPS and GTS operations. The law, however,
operasi Perusahaan, GPS dan GTS. Namun provides some additional financial obligation for
demikian, undang-undang ini mengatur mining companies, including mineral reserve
beberapa kewajiban finansial tambahan bagi resilience fund and continued exploration
perusahaan pertambangan, termasuk dana obligation. Details of these obligations are to be
ketahanan cadangan mineral dan kewajiban further regulated in a government regulation.
untuk melakukan eksplorasi lanjutan.
Ketentuan lebih lanjut mengenai kewajiban ini
akan diatur dalam peraturan pemerintah.
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
38. PERJANJIAN DAN KOMITMEN YANG 38. SIGNIFICANT AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
b. Peraturan Pertambangan (lanjutan) b. Mining Regulations (continued)
Peraturan Menteri ESDM No. 11 Tahun 2020 MoEMR Ministerial Regulation No. 11 Year
2020
Pada tanggal 13 April 2020, Menteri ESDM On April 13, 2020, Minister of MoEMR issued
mengeluarkan Permen ESDM No. 11/2020 MoEMR Ministerial Regulation No. 11/2020 on
yang mengatur tentang Tata Cara Penetapan Procedures for the Determination of
Harga Patokan Penjualan Mineral Logam dan Benchmark Price for the Sales of Metal Mineral
Batubara. Peraturan tersebut menetapkan and Coal. The regulation set out the framework
kerangka kerja yang memberi wewenang authorizing the MoEMR to set the minerals and
kepada Menteri ESDM untuk menetapkan coal sales benchmark prices.
harga patokan penjualan mineral dan batu bara.
Peraturan Pemerintah No. 39 Tahun 2025 Government Regulation No. 39 Year 2025
Pada tanggal 11 September 2025, Pemerintah On September 11, 2025, the Government
menetapkan PP Nomor 39 Tahun 2025 tentang enacted GR Number 39 of 2025 concerning
Perubahan atas Peraturan Pemerintah Nomor Amendments to Government Regulation
96 Tahun 2021 Tentang Pelaksanaan Kegiatan Number 96 of 2021 concerning the
Usaha Pertambangan Mineral Dan Batubara Implementation of Mineral and Coal Mining
(“PP No. 39/2025”). Business Activities ("GR No. 39/2025").
Beberapa substansi perubahan dalam PP No. Several substantive changes to GR No.
39/2025, antara lain terkait dengan: 39/2025, among other things related to:
a. PP No. 39/2025 menghapus ketentuan a. GR No. 39/2025 removes provisions in
dalam Peraturan Pemerintah Nomor 96 Government Regulation Number 96 of
Tahun 2021 dan Peraturan Pemerintah 2021 and Government Regulation Number
Nomor 25 Tahun 2024 yang sebelumnya 25 of 2024 that previously regulated the
mengatur tentang penetapan, penawaran, determination, offering, and granting of
dan pemberian WIUP atau WIUPK secara WIUP or WIUPK. This includes the priority
prioritas. Hal ini mencakup penerbitan IUP issuance of IUP or IUPK; and
atau IUPK secara prioritas; dan
b. PP No. 39/2025 mencabut beberapa b. GR No. 39/2025 revokes several
ketentuan dalam Peraturan Presiden provisions in Presidential Regulation
Nomor 70 Tahun 2023 dan Peraturan Number 70 of 2023 and Presidential
Presiden Nomor 76 Tahun 2024 yang Regulation Number 76 of 2024, which
sebelumnya mengatur tentang previously regulated land allocation for
pengalokasian lahan bagi penataan investment development. Provisions
investasi. Ketentuan mengenai penetapan, regarding the determination, offering, and
penawaran, dan pemberian WIUP atau granting of priority WIUP or WIUPK and the
WIUPK secara prioritas serta penerbitan issuance of IUP or IUPK in these
IUP atau IUPK dalam peraturan tersebut regulations are declared null and void.
dinyatakan tidak berlaku.
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included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
38. PERJANJIAN DAN KOMITMEN YANG 38. SIGNIFICANT AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
b. Peraturan Pertambangan (lanjutan) b. Mining Regulations (continued)
Peraturan Menteri ESDM No. 17 Tahun 2025 MoEMR Ministerial Regulation No. 17 Year
2025
Peraturan Menteri ESDM Nomor 17 Tahun MoEMR Regulation Number 17 of 2025
2025 (“Permen ESDM No. 17/2025”) adalah (“MoEMR Regulation No. 17/2025”) is a new
peraturan baru dari Kementerian ESDM yang regulation from MoEMR governing the
mengatur tata cara penyusunan, penyampaian, preparation, submission, and approval of Work
dan persetujuan Rencana Kerja dan Anggaran Plans and Budgets (“RKAB”) for mineral and
Biaya (“RKAB”) untuk kegiatan pertambangan coal mining activities. This regulation replaces
mineral dan batubara. Peraturan ini the previous regulation MoEMR Regulation
menggantikan peraturan sebelumnya Number 10 of 2023 and changes the RKAB
Peraturan Menteri ESDM Nomor 10 tahun 2023 validity period from three year to one year. This
dan mengubah masa berlaku RKAB dari tiga regulation also emphasises a more transparent
tahun menjadi satu tahun. Peraturan ini juga and digital process through the MinerbaONE
menekankan pada proses yang lebih application.
transparan dan digital melalui aplikasi
MinerbaONE.
PerMen ESDM No. 17/2025 diterbitkan untuk MoEMR Regulation No. 17/2025 was issued to
memperkuat kontrol Pemerintah terhadap strengthen Government control over mining
kegiatan pertambangan, memastikan produksi activities, ensure production is according to
sesuai rencana, menjaga keseimbangan antara plan, maintain a balance between domestic
kebutuhan dalam negeri dan ekspor, serta needs and exports, and encourage more
mendorong pengelolaan yang lebih terkendali controlled management from an environmental
dari sisi lingkungan dan keselamatan. and safety perspective.
Undang-Undang Nomor 2 Tahun 2025 Law No. 2 of 2025
Pada tanggal 19 Maret 2025, Pemerintah On March 19, 2025, the Government of the
Republik Indonesia mengesahkan Undang- Republic of Indonesia promulgated Law
Undang Nomor 2 Tahun 2025 tentang Number 2 of 2025 on the fourth Amendment to
Perubahan Keempat Atas Undang-Undang Law Number 4 of 2009 on Mineral and Coal
Nomor 4 Tahun 2009 tentang Pertambangan Mining (“The Amended Mining Law”).
Mineral dan Batubara (“UU Pertambangan
Revisi”).
Beberapa perubahan utama yang ada pada UU Several key changes introduced by the
Pertambangan Revisi mencakup namun tidak Amended Mining Law include but are not
terbatas pada hal-hal berikut: limited to the following matters:
Prioritas pemberian WIUP dan WIUPK: Priority for WIUP and WIUPK: The
UU Pertambangan Revisi ini memberikan Amended Mining Law gives Cooperatives,
Koperasi, badan usaha kecil dan small and medium enterprises, and
menengah, serta organisasi masyarakat religious mass organisations are given
keagamaan diberikan prioritas dalam priority in obtaining WIUP and WIUPK;
memperoleh WIUP dan WIUPK;
Pengutamaan untuk kepentingan Prioritisation for national interests:
nasional: Ketentuan terkait pengutamaan Provisions regarding prioritising mineral
kebutuhan mineral dan batubara untuk and coal needs for national interests have
kepentingan nasional diubah; been amended;
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
38. PERJANJIAN DAN KOMITMEN YANG 38. SIGNIFICANT AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
b. Peraturan Pertambangan (lanjutan) b. Mining Regulations (continued)
Undang-Undang Nomor 2 Tahun 2025 Law No. 2 of 2025 (continued)
(lanjutan)
Beberapa perubahan utama yang ada pada UU Several key changes introduced by the
Pertambangan Revisi mencakup namun tidak Amended Mining Law include but are not
terbatas pada hal-hal berikut: (lanjutan) limited to the following matters: (continued)
Integrasi perizinan elektronik: Integration of electronic licensing:
Pemberian izin berusaha mengikuti sistem Business permits are granted under an
perizinan berusaha terintegrasi secara electronically integrated business licensing
elektronik yang dikelola Pemerintah pusat; system managed by the central
dan Government; and
Pengalihan wewenang: Wewenang Transfer of authority: The authority for
pengawasan dan penyelesaian konflik monitoring and resolving mining conflicts
pertambangan dialihkan dari Pemerintah has been transferred from regional
daerah ke Pemerintah pusat. Governments to the central government.
Berdasarkan penelaahan yang dilakukan, Based on management’s assessment, the
manajemen berkeyakinan bahwa UU Amended Mining Law will not have any
Pertambangan Revisi tidak akan memberikan significant unfavorable impacts on the Group’s
dampak signifikan yang merugikan terhadap business operations.
kegiatan usaha Grup.
PP Nomor 45 Tahun 2025 tentang GR Number 45 of 2025 Amending GR Number
Perubahan atas PP Nomor 24 Tahun 2021 24 of 2021 and Decree of the MoEMR Number
dan Keputusan Menteri ESDM Nomor 391.K/MB.01/MEM.B/2025
391.K/MB.01/MEM.B/2025
Pada tanggal 19 September 2025, Pemerintah On September 19, 2025. the Government
mengeluarkan PP Nomor 45 Tabun 2025 ("PP issued GP Number 45 of 2025 (“GR 45/2025”),
45/2025") yang merupakan bagian yang tidak which is an Integral part of GR Number 24 of
terpisahkan dan PP Nomor 24 Tahun 2021 ("PP 2021 (“GR 24/2021”) regarding Procedures for
24/2021") tentang Tata Cara Pengenaan the Imposition of Administrative Sanctions and
Sanksi Administratif dan Tata Cara Penerimaan Procedures for Non-Tax State Revenue
Negara Bukan Pajak yang Berasal dari Denda Derived from Administrative Fines in the
Administratif di Bidang Kehutanan Forestry Sector, as well as Decree of MoEMR
serta KepMen ESDM Nomor Number 391 K/MB.01/MEM.B/2025 (“MoEMR
391.K/MB.01/MEM.B/2025 (“Kepmen ESDM Decree 391/2025”) dated December 1, 2025,
391/2025") pada tanggal 1 Desember 2025 regarding Administrative Fine Rates for
tentang Tarif Denda Administratif Pelanggaran Violations of Mining Business Activities in
Kegiatan Usaha Pertambangan di Kawasan Forest Areas for Nickel, Bauxite. Tin, and Coal,
Hutan untuk Komoditas Nike!, Bauksit, Timah, which essentially states that mining land
dan Batubara, yang pada intinya menyebutkan clearings that have not obtained a Forest Area
bahwa bukaan lahan pertambangan yang Use Permit (“PPKH”) are subject to
belum mendapatkan Ijin Pinjam Pakai Kawasan administrative fine rates for nickel amounting to
Hutan (“PPKH") dikenakan tarif denda Rp6,502.
administratif untuk nikel sebesar Rp6.502.
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
38. PERJANJIAN DAN KOMITMEN YANG 38. SIGNIFICANT AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
b. Peraturan Pertambangan (lanjutan) b. Mining Regulations (continued)
Peraturan Pemerintah No. 8 Tahun 2025 Government Regulation No. 8 of 2025
Pada tanggal 17 Februari 2025, Pemerintah On February 17, 2025, the Government issued
mengeluarkan Peraturan Pemerintah No. 8 Government Regulation No. 8 of 2025,
Tahun 2025, menggantikan Peraturan replacing the Government Regulation No. 36 of
Pemerintah No. 36 Tahun 2023, yang akan 2023, which will become effective on
berlaku efektif pada tanggal 1 Maret 2025. March 1 , 2025. The regulation requires certain
Peraturan tersebut mewajibkan perusahaan- companies in Indonesia, including the Group, to
perusahaan tertentu di Indonesia, termasuk hold 100% of the cash proceeds from export
Grup, untuk menyimpan 100% dari hasil kas sales and foreign exchange transactions and
dari penjualan ekspor dari transaksi valuta place them in the Indonesian financial system
asing serta menempatkannya dalam sistem for at least a twelve-month period.
keuangan Indonesia selama minimal dua belas
bulan.
c. Royalti c. Royalty
Berdasarkan Peraturan Pemerintah No. 19 Based on Government Regulation No. 19 of
Tahun 2025, yang mulai berlaku efektif sejak 2025, which became effective since
tanggal 11 April 2025 dan menggantikan April 11, 2025, replaced Government
Peraturan Pemerintah No. 26 Tahun 2022, Regulation No. 26 of 2022, the Government
Pemerintah mengenakan royalti sebesar 14% charges royalty of 14% up to 19%, depending
hingga 19%, tergantung pada harga pasar on global market prices (Harga Mineral Acuan)
global (Harga Mineral Acuan), yang wajib shall be paid to Rekening Kas Umum Negara
disetorkan ke Rekening Kas Umum Negara (“RKUN”).
(“RKUN”).
`
Perusahaan The Company
Untuk tahun yang berakhir pada tanggal For the year ended December 31, 2025 and
31 Desember 2025 dan 2024 royalti yang telah 2024, royalty charged to the Company’s
dibebankan pada operasi Perusahaan masing- operations amounting to Rp998,438 (including
masing sebesar Rp998.438 (termasuk adjustment in respect of the prior year royalty
penyesuaian atas royalti tahun sebelumnya amounting to Rp111,779) and Rp534,184,
sebesar Rp111.779) dan Rp534.184. respectively.
GPS GPS
Untuk tahun yang berakhir pada tanggal For the year ended December 31, 2025 and
31 Desember 2025 dan 2024, royalti yang telah 2024, royalty charged to GPS’ operations
dibebankan pada operasi GPS masing-masing amounting to Rp405,566 (including adjustment
sebesar Rp405.566 (termasuk penyesuaian in respect of the prior year royalty amounting to
atas royalti tahun sebelumnya sebesar Rp61,254) and Rp303,668, respectively.
Rp61.254) dan Rp303.668.
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
38. PERJANJIAN DAN KOMITMEN YANG 38. SIGNIFICANT AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
c. Royalti (lanjutan) c. Royalty (continued)
GTS GTS
Untuk tahun yang berakhir pada tanggal For the year ended December 31, 2025 and
31 Desember 2025 dan 2024, royalti yang telah 2024, royalty charged to GTS’ operations
dibebankan pada operasi GTS masing-masing amounting to Rp106,448 and RpNil
sebesar Rp106.448 dan RpNihil. respectively.
Biaya royalti tersebut disajikan sebagai bagian The royalty is recorded as part of “Cost of
dari “Beban Pokok Penjualan” pada laporan Goods Sold” in the consolidated statement of
laba rugi dan penghasilan komprehensif lain profit or loss and other comprehensive income
konsolidasian (Catatan 30). (Note 30).
d. Perjanjian penjualan d. Sales agreement
Grup mempunyai berbagai komitmen untuk The Group has various commitments to sell
menjual bijih nikel dan feronikel kepada nickel ore and ferronickel to various buyers at
beberapa pembeli pada jumlah yang disepakati specified agreed quantities based on the
oleh kedua belah pihak sesuai dengan yang agreements signed by both parties. Generally,
dinyatakan dalam perjanjian yang the selling price agreed with the buyers is based
ditandatangani dengan pembeli tersebut. on international indices (for example LME), as
Secara umum, harga jual yang disepakati adjusted by certain factors.
dengan pembeli adalah harga berdasarkan
indeks internasional (sebagai contoh LME),
disesuaikan dengan faktor-faktor tertentu.
e. Kontrak jasa pertambangan e. Mining services contracts
Perusahaan, GPS dan GTS memiliki sejumlah The Company, GPS and GTS has several
kontrak jasa pertambangan. Berdasarkan mining services contracts. Under these
kontrak tersebut, Grup menggunakan jasa contracts, the Group engages mining
kontraktor pertambangan untuk mendukung contractors to support its operations which
kegiatan operasionalnya yang meliputi jasa including mining planning services, mining and
perencanaan pertambangan, penambangan transportation of mining products. The contract
serta pengangkutan hasil tambang. Jangka terms vary and extend through 2027.
waktu kontrak bervariasi dan berlangsung
hingga tahun 2027.
123
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
39. JAMINAN REKLAMASI DAN PASCATAMBANG 39. RECLAMATION AND POST-MINING
GUARANTEE
Berdasarkan PP No. 78/2010 yang mengatur Based on GR No. 78/2010 which deals with
tentang kegiatan reklamasi dan pascatambang reclamation and post-mining activities for both IUP
untuk pemegang IUP Eksplorasi dan IUP Operasi Exploration and IUP Operation Production holders,
Produksi, PerMen ESDM No. 26/2018, KepMen MoEMR Regulation No. 26/2018, MoEMR Decree
ESDM No.1827/2018 dan Kepmen ESDM No.1827/2018 and MoEMR Decree
No.111.K/MB.01/MEM.B/202, pemegang IUP No.111.K/MB.01/MEM.B/202, an Exploration IUP
Eksplorasi harus memasukkan rencana reklamasi holder, among other requirements, must include a
dalam rencana kerja dan anggaran eksplorasi dan reclamation plan in its exploration work plan and
memberikan jaminan reklamasi dalam bentuk budget and provide a reclamation guarantee in the
deposito berjangka yang ditempatkan di bank milik form of a time deposit placed at a state-owned bank.
negara.
Pemegang IUP-Operasi Produksi diwajibkan antara An IUP-Production Operation holder, among other
lain untuk mempersiapkan (1) rencana reklamasi requirements, must (1) prepare a five-year
lima tahun; (2) rencana pascatambang; (3) jaminan reclamation plan; (2) prepare a post-mining plan;
reklamasi yang dapat dalam bentuk rekening (3) provide a reclamation guarantee which may be in
bersama atau deposito berjangka yang ditempatkan the form of a joint account or time deposit placed at
pada bank pemerintah, jaminan bank atau a state-owned bank, a bank guarantee or an
cadangan akuntansi (jika memenuhi syarat); dan accounting reserve (if eligible); and
(4) garansi pascatambang dalam bentuk deposito (4) provide a post-mining guarantee in the form of
berjangka pada bank milik pemerintah. Kewajiban a time deposit at a state-owned bank. The
untuk menyediakan jaminan reklamasi dan jaminan requirement to provide reclamation and
pascatambang tidak membebaskan pemegang IUP post-mining guarantees does not release the IUP
dari kewajiban untuk melakukan reklamasi dan holder from the requirement to perform reclamation
kegiatan pascatambang. and post-mining activities.
Perusahaan, GPS, GTS, JMP dan OAM The Company, GPS, GTS, JMP and OAM provided
menyediakan jaminan reklamasi dan pascatambang reclamation and post-mining guarantee in the form
dalam bentuk deposito berjangka. Jaminan yang of time deposit. The guarantee, which has been
telah ditempatkan oleh pada tanggal placed as of December 31, 2025 amounting to
31 Desember 2025, masing-masing sebesar Rp17,410, Rp12,994, Rp7,340, Rp6,536 and
Rp17.410, Rp12.994, Rp7.340, Rp6.536 dan Rp1,485, respectively (Note 16).
Rp1.485 (Catatan 16).
Jaminan yang telah ditempatkan pada tanggal The guarantee, which has been placed as of
31 Desember 2024, masing-masing sebesar December 31, 2024 amounting to
Rp11.171, Rp9.573, Rp7.094, Rp5.190 dan Rp1.485 Rp11,171, Rp9,573, Rp7,094, Rp5,190 and
(Catatan 16). Rp1,485, respectively (Note 16).
124
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Page 405
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
40. ASET DAN LIABILITAS MONETER DALAM 40. MONETARY ASSETS AND LIABILITIES IN
MATA UANG ASING FOREIGN CURRENCIES
Grup memiliki aset dan liabilitas moneter dalam The Group has monetary assets and liabilities
mata uang asing sebagai berikut (dalam satuan denominated in foreign currencies as follows (in full
penuh, kecuali jumlah setara Rupiah): amounts, except Rupiah equivalent):
31 Desember 2025
Mata Uang (Tanggal Pelaporan)/
Asing/ December 31, 2025
Foreign Currency (Reporting Date)
Dolar Amerika Serikat United States Dollar
Aset moneter Monetary assets
Kas dan bank 234.553.688 3.936.280 Cash on hand and in banks
Piutang usaha 66.856.632 1.121.988 Trade receivables
Piutang lain-lain 5.661 95 Other receivables
Total aset moneter 301.415.981 5.058.363 Total monetary assets
Liabilitas moneter Monetary liabilities
Utang usaha 16.528.125 277.375 Trade payables
Utang lain-lain 9.701.525 162.811 Other payables
Beban akrual 1.958.467 32.867 Accrued expenses
Utang bank jangka panjang 406.250.030 6.817.688 Long-term bank loans
Total liabilitas moneter 434.438.147 7.290.741 Total monetary liabilities
Liabilitas moneter - neto (133.022.166) (2.232.378) Monetary liabilities - net
Yuan Tiongkok Chinese Yuan
Aset moneter Monetary assets
Kas dan bank 9.288.213 22.301 Cash on hand and in banks
Total aset moneter 9.288.213 22.301 Total monetary assets
Liabilitas moneter Monetary liabilities
Utang lain-lain 767.967.097 1.843.889 Other payables
Utang usaha 316.250.729 759.318 Trade payables
Beban akrual 53.034.569 127.336 Accrued expenses
Total liabilitas moneter 1.137.252.395 2.730.543 Total monetary liabilities
Liabilitas moneter - neto (1.127.964.182) (2.708.242) Monetary liabilities - net
Akun “Beban Operasi Lain” mencakup selisih kurs The “Other Operating Expenses” accounts includes
yang berasal dari operasi sebesar Rp96.748 untuk foreign exchange from operations amounting to
tahun yang berakhir pada tanggal Rp96,748, for the year ended December 31, 2025
31 Desember 2025 (Catatan 32). (Note 32).
Akun “Penghasilan Operasi Lain” mencakup selisih The “Other Operating Income” accounts includes
kurs yang berasal dari operasi sebesar Rp120.278 foreign exchange from operations amounting to
untuk tahun yang berakhir pada tanggal Rp120,278, for the year ended December 31, 2024
31 Desember 2024 (Catatan 32). (Note 32).
Akun “Beban Keuangan” mencakup selisih kurs The “Finance Costs” accounts include on foreign
yang berasal dari pinjaman masing-masing sebesar exchange from loans amounting to Rp99,594 and
Rp99.594 dan Rp128.075 untuk tahun yang Rp128,075, respectively for the year ended
berakhir pada tanggal 31 Desember 2025 dan 2024 December 31, 2025 and 2024 (Note 34).
(Catatan 34).
Grup tidak mempunyai kebijakan lindung nilai yang The Group has no formal hedging policy for foreign
formal untuk risiko pertukaran mata uang asing. exchange exposure. However, in relation to the
Walaupun demikian, terkait dengan hal-hal yang matters discussed in the preceding paragraph, the
telah didiskusikan pada paragraf di atas, fluktuasi fluctuations in the exchange rates between the
nilai tukar Rupiah masing-masing terhadap Dolar Rupiah and each of the United States Dollar and
Amerika Serikat dan Yuan Tiongkok menghasilkan Chinese Yuan provide some degree of natural
lindung nilai natural terhadap risiko mata uang hedge for the Group’s foreign exchange exposure.
Grup.
125
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
41. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 41. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN AND POLICIES
Risiko utama yang timbul dari instrumen keuangan The main risks arising from the Group’s financial
Grup adalah risiko kredit, risiko likuiditas, perubahan instruments are credit risk, liquidity risk, changes in
liabilitas yang timbul dari aktivitas pendanaan, risiko liabilities arising from financing activities, market
pasar dan risiko mata uang. Direksi menelaah dan rate risk and foreign currency risk. The Directors
menyetujui kebijakan untuk mengelola masing- review and agree policies for managing each of
masing risiko tersebut yang dijelaskan dengan lebih these risks, which are described in more details as
rinci sebagai berikut: follows:
a. Risiko Kredit a. Credit Risk
Risiko kredit yang dihadapi oleh Grup berasal The Group has credit risk arising from the
dari kredit yang diberikan kepada pelanggan credits granted to the customers and placement
dan penempatan rekening koran pada bank. of current accounts in the banks.
Kas dan Bank Cash on Hand and in Banks
Risiko kredit atas penempatan rekening koran Credit risk arising from placements of current
dikelola oleh manajemen sesuai dengan accounts is managed in accordance with the
kebijakan Grup. Investasi atas kelebihan dana Group’s policy. Investments of surplus funds
dibatasi untuk tiap-tiap bank dan kebijakan ini are limited for each bank and reviewed annually
dievaluasi setiap tahun oleh direksi. Batas by the directors. Such limits are set to minimize
tersebut ditetapkan untuk meminimalkan risiko the concentration of credit risk and therefore
konsentrasi kredit sehingga mengurangi mitigate financial loss through potential failure
kemungkinan kerugian akibat kebangkrutan of the banks.
bank-bank tersebut.
Piutang Usaha Trade Receivables
Piutang usaha dikaji secara terus menerus dan Trade receivables balances are monitored on
penyisihan atas kerugian kredit ekspektasian an ongoing basis and allowance for expected
dibentuk, jika diperlukan. Selain itu, Standar credit losses is provided, if needed. In addition,
dan Operasi yang berkaitan dengan pemberian the Standard and Operating Procedures
kredit kepada pelanggan dan monitor atas relating to credit granting to customers and
kredit yang diberikan dilakukan perbaikan monitoring on credit is continuously being
secara terus menerus. Nilai maksimum improved. The maximum exposure to credit risk
eksposur terhadap risiko kredit adalah sebesar is represented by the carrying amount of trade
nilai tercatat piutang usaha diungkapkan pada receivables as shown in Note 5.
Catatan 5.
Pada tanggal pelaporan, eksposur maksimum At the reporting date, the Group’s maximum
Grup terhadap risiko kredit adalah sebesar nilai exposure to credit risk is represented by the
tercatat masing-masing kategori dari aset carrying amount of each class of financial
keuangan yang disajikan pada laporan posisi assets presented in the consolidated statement
keuangan konsolidasian. of financial position.
b. Risiko Likuiditas b. Liquidity Risk
Grup mengelola profil likuiditasnya untuk The Group manages its liquidity profile to be
membiayai belanja modal dan melunasi utang able to finance its capital expenditures and
yang jatuh tempo dengan menyediakan kas dan service its maturing debts by maintaining
bank yang cukup, dan ketersediaan pendanaan sufficient cash on hand and in banks, and the
melalui kecukupan jumlah fasilitas kredit yang availability of funding through an adequate
diterima. amount of committed credit facilities.
126
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Page 407
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
41. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 41. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
b. Risiko Likuiditas (lanjutan) b. Liquidity Risk (continued)
Grup juga secara rutin mengevaluasi arus kas The Group also regularly evaluates the
proyeksi dan aktual, termasuk jadwal jatuh projected and actual cash flows, including its
tempo utang jangka panjang mereka, dan terus long-term loan maturity profiles, and
menelaah kondisi pasar keuangan untuk continuously assesses conditions in the
memelihara fleksibilitas pendanaan dengan financial markets to maintain flexibility in
cara menjaga ketersediaan komitmen fasilitas funding by keeping committed credit facilities
kredit. available.
Tabel di bawah ini merangkum profil jatuh The table below summarizes the maturity
tempo liabilitas keuangan Grup, berdasarkan profile of the Group’s financial liabilities, based
arus kas kontraktual yang tidak terdiskonto, on contractual undiscounted payments, which
yang mencakup beban bunga terkait: include the related interest charges:
2025
Kurang dari Lebih dari
1 tahun/ 1 - 3 tahun/ 3 - 5 tahun/ 5 tahun/ Jumlah/
Below 1 year 1 - 3 year 3 - 5 year Over 5 year Total
Liabilitas Jangka Pendek Current Liabilities
Utang usaha 1.808.448 - - - 1.808.448 Trade payables
Utang lain-lain 2.125.722 - - - 2.125.722 Other payables
Beban akrual 246.563 - - - 246.563 Accrued expenses
Liabilitas imbalan kerja Short-term employee
jangka pendek 252.152 - - - 252.152 benefits liability
Liabilitas Jangka Panjang Non-current Liabilities
Utang bank jangka panjang 2.381.526 8.186.855 - - 10.568.381 Long-term bank loans
2024
Kurang dari Lebih dari
1 tahun/ 1 - 3 tahun/ 3 - 5 tahun/ 5 tahun/ Jumlah/
Below 1 year 1 - 3 year 3 - 5 year Over 5 year Total
Liabilitas Jangka Pendek Current Liabilities
Utang usaha 1.245.792 - - - 1.245.792 Trade payables
Utang lain-lain 2.289.159 - - - 2.289.159 Other payables
Beban akrual 105.034 - - - 105.034 Accrued expenses
Liabilitas imbalan kerja Short-term employee
jangka pendek 158.269 - - - 158.269 benefits liability
Liabilitas Jangka Panjang Non-current Liabilities
Utang bank jangka panjang 2.323.030 8.205.251 2.174.352 - 12.702.633 Long-term bank loans
Lease liabilities -
Liabilitas sewa - pihak ketiga 6.897 7.807 - - 14.704 third parties
127
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
41. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 41. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
c. Perubahan pada Liabilitas yang Timbul dari c. Changes in Liabilities Arising from
Aktivitas Pendanaan Financing Activities
2025
Arus Kas -
Aktivitas Amortisasi
Pendanaan/ Biaya Transaksi/ Selisih
Saldo Awal/ Cash Flow - Amortization of Translasi/ Saldo Akhir/
Beginning Financing Transaction Penghentian/ Translation Ending
Balances Activities Cost Termination Differences Balances
Utang bank Short-term
jangka pendek - (7.650 ) - - 7.650 - bank loans
Utang bank Long-term
jangka panjang 10.802.184 (1.715.625 ) 20.671 - 273.260 9.380.490 bank loans
Liabilitas sewa Lease liabilities -
- pihak ketiga 14.704 (4.795 ) - (10.194 ) 285 - third parties
Total 10.816.888 (1.728.070 ) 20.671 (10.194 ) 281.195 9.380.490 Total
2024
Perolehan Aset
Hak-guna melalui Arus Kas -
Liabilitas Sewa/ Aktivitas Amortisasi
Acquisition of Pendanaan/ Biaya Transaksi/ Selisih
Saldo Awal/ Right of Use Cash Flow - Amortization of Translasi/ Saldo Akhir/
Beginning Asset through Financing Transaction Penghentian/ Translation Ending
Balances Lease Liabilities Activities Cost Termination Differences Balances
Utang bank Short-term
jangka pendek 432.142 - (444.223 ) - - 12.081 - bank loans
Utang bank Long-term
jangka panjang 8.113.103 - 2.307.459 81.981 - 299.641 10.802.184 bank loans
Utang kepada Due to
pihak ketiga 664.606 - (664.606 ) - - - third party
Liabilitas sewa Lease liabilities
pihak ketiga 39.449 15.358 (11.780 ) - (29.130 ) 807 14.704 - third parties
Total 9.249.300 15.358 1.186.850 81.981 (29.130 ) 312.529 10.816.888 Total
d. Risiko Pasar d. Market Risk
(i) Risiko Harga Komoditas (i) Commodity Risks
Harga komoditas untuk mineral di dunia Commodity price for minerals in the world
secara historis berfluktuasi mengikuti has historically fluctuated subject to certain
beberapa faktor yang berada di luar kontrol factors that are beyond the control of the
Grup. Sebagai strategi untuk Group. As a strategy to manage this
mengendalikan risiko volatilitas ini, Grup volatility risk, the Group exclusively sells
hanya menjual bijih nikel kepada pihak nickel ore to related parties for further
berelasi untuk proses pengolahan lebih processing, before the product is sold to
lanjut, sebelum produk tersebut dijual third parties. Through this approach, the
kepada pihak ketiga. Melalui pendekatan Group has been able to mitigate risks
ini, Grup mampu memitigasi risiko yang stemming from the fluctuating prices of
berasal dari fluktuasi harga bijih nikel di nickel ore in the global commodity market.
pasar komoditas global.
(ii) Risiko Suku Bunga atas Nilai Wajar dan (ii) Fair Value and Cash Flow Interest Rate
Arus Kas Risk
Risiko suku bunga atas nilai wajar dan arus Fair value and cash flow interest rate risk
kas adalah risiko dimana nilai wajar dan is the risk that the fair value or future cash
arus kas masa datang dari suatu instrumen flows of a financial instrument will fluctuate
keuangan akan berfluktuasi akibat because of changes in market interest
perubahan suku bunga pasar. Eksposur rates. The Group is exposed to the risk of
Grup terhadap risiko perubahan suku changes in market interest rates relating
bunga pasar terutama terkait dengan primarily to its long-term bank loan. Interest
utang bank jangka panjang. Fluktuasi suku rate fluctuations influence the interest on
bunga mempengaruhi bunga atas saldo the outstanding variable rate of short-term
utang bank jangka pendek dan utang bank bank loan and long-term bank loan of the
jangka panjang Grup. Group.
128
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Page 409
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
41. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 41. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
d. Risiko Pasar (lanjutan) d. Market Risk (continued)
(ii) Risiko Suku Bunga atas Nilai Wajar dan (ii) Fair Value and Cash Flow Interest Rate
Arus Kas (lanjutan) Risk (continued)
Berdasarkan simulasi yang rasional, Based on a sensible simulation, with all
dengan seluruh variabel-variabel lain tidak other variables held constant, sensitivity
berubah, analisa sensitivitas atas analysis on the floating interest rate of
perubahan tingkat suku bunga pinjaman borrowings is as follows:
yang mengambang adalah sebagai
berikut:
Kenaikan (Penurunan) Laba
Kenaikan Sebelum Pajak Penghasilan/
(Penurunan)/ Increase (Decrease) in
Variabel Increase (Decrease) Profit Before Income Tax Variable
31 Desember 2025 December 31, 2025
Tingkat suku bunga 0,5%/(0,5%) (33.970)/ Floating interest rate
mengambang 33.970
31 Desember 2024 December 31, 2024
Tingkat suku bunga 0,5%/(0,5%) (38.714)/ Floating interest rate
mengambang 38.714
e. Risiko Mata Uang e. Foreign Currency Risk
Risiko mata uang adalah risiko dimana nilai Foreign exchange rate risk is the risk that the
wajar atau arus kas masa depan dari suatu fair value or future cash flows of a financial
instrumen keuangan akan berfluktuasi akibat instrument will fluctuate because of changes in
perubahan nilai tukar mata uang asing. Dampak foreign exchange rates. The Group’s exposure
fluktuasi nilai tukar terhadap Grup terutama to exchange rate fluctuations results primarily
berasal dari utang jangka pendek, utang jangka from short-term loans, long-term loans, trade
panjang, piutang usaha dari penjualan dalam receivables from sales in foreign currencies and
mata uang asing dan utang usaha dari trade payables from purchases in foreign
pembelian dalam mata uang asing. currencies.
Aset dan liabilitas moneter Grup dalam mata Monetary assets and liabilities of the Group
uang asing pada tanggal 31 Desember 2025 which are denominated in foreign currencies as
disajikan pada Catatan 40. of December 31, 2025 are presented in
Note 40.
129
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included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
41. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 41. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
e. Risiko Mata Uang (lanjutan) e. Foreign Currency Risk (continued)
Tabel berikut ini menunjukkan sensitivitas The following table demonstrates the sensitivity
kemungkinan perubahan tingkat pertukaran to a reasonably possible change in the Rupiah
Rupiah terhadap mata uang asing, dengan exchange rate against foreign currency, with all
asumsi variabel lain konstan, dampak terhadap other variables held constant, the effect to the
laba sebelum pajak penghasilan sebagai profit before income tax as follows:
berikut:
Kenaikan (Penurunan)
Laba Sebelum Pajak
Penghasilan/
Kenaikan (Penurunan)/ Increase (Decrease) in
Variabel Increase (Decrease) Profit Before Income Tax Variable
31 Desember 2025 December 31, 2025
Nilai tukar Rupiah terhadap 1%/(1%) (22.324)/ Exchange rate of Rupiah
Dolar Amerika Serikat 22.324 against United States Dollar
Nilai tukar Rupiah terhadap 1%/(1%) (27.082)/ Exchange rate of Rupiah
Yuan Tiongkok 27.082 against Chinese Yuan
31 Desember 2024 December 31, 2024
Nilai tukar Rupiah terhadap 1%/(1%) (41.950)/ Exchange rate of Rupiah
Dolar Amerika Serikat 41.950 against United States Dollar
Nilai tukar Rupiah terhadap 1%/(1%) (24.392)/ Exchange rate of Rupiah
Yuan Tiongkok 24.392 against Chinese Yuan
42. PENGUKURAN NILAI WAJAR 42. FAIR VALUE MEASUREMENT
Instrumen Keuangan Financial Instruments
Nilai tercatat instrumen keuangan yang disajikan di The carrying values of financial instruments
dalam laporan posisi keuangan konsolidasian presented in the consolidated statement of financial
kurang lebih sebesar nilai wajarnya. position approximate their fair values.
Manajemen menetapkan bahwa nilai tercatat Management has determined that the carrying
(berdasarkan jumlah nosional) kas dan setara kas, amounts (based on notional amounts) of cash on
piutang usaha dan lain-lain, dan aset keuangan hand and in banks, trade and other receivables, and
tidak lancar lainnya, utang usaha dan lain-lain, biaya other non-current financial assets, trade and other
masih harus dibayar, serta utang bank, kurang lebih payables, accrued expenses, and bank loans,
sebesar nilai wajarnya. reasonably approximate their fair values.
Nilai tercatat dari utang bank jangka panjang The carrying amounts of long-term bank loans with
dengan suku bunga mengambang kurang lebih floating interest rates are approximately at their fair
sebesar nilai wajarnya karena dinilai ulang secara values as they are re-priced frequently.
berkala.
130
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
43. TAMBAHAN INFORMASI ARUS KAS 43. CASH FLOWS INFORMATION
Transaksi non-kas yang signifikan: Significant non-cash transactions:
2025 2024
Penambahan aset tetap melalui Additions of fixed assets through
utang lain-lain 406.030 657.126 other payables
Penambahan properti pertambangan Additions of mining properties
melalui kewajiban penghentian aset 1.685 - through asset retirement obligation
Penambahan aset eksplorasi dan evaluasi Additions of exploration and evaluation
melalui utang lain-lain 569 - assets through other payables
Penambahan properti pertambangan Additions of mining properties
melalui kapitalisasi through capitalization of
penyusutan aset tetap 442 5.808 depreciation of fixed assets
Penambahan investasi pada asosiasi Additions of investment in associates
melalui uang muka penerbitan saham - 1.826.918 through advance for stock subscription
Penambahan investasi pada saham melalui Additions of investment in shares through
uang muka untuk penerbitan saham - 340.250 advance for stock subscription
Pengurangan investasi pada asosiasi Deductions of investment in associates
melalui utang lain-lain - 210.164 through other payables
Penambahan aset hak-guna Additions of right of use asset
melalui liabilitas sewa - 15.358 through lease liabilities
44. PERISTIWA SETELAH PERIODE PELAPORAN 44. EVENT AFTER THE REPORTING PERIOD
Perkembangan geopolitik di Timur Tengah Geopolitical developments in the Middle East
Setelah tanggal pelaporan, ketegangan geopolitik di Subsequent to the reporting date, geopolitical
Timur Tengah meningkat menyusul tindakan militer tensions in the Middle East escalated following
di kawasan tersebut pada akhir Februari 2026. military actions in the region at the end of
Perkembangan ini menyebabkan meningkatnya February 2026. These developments have resulted
ketidakpastian geopolitik dan volatilitas di pasar in heightened geopolitical uncertainty and increased
keuangan dan energi global. volatility in global financial and energy markets.
Grup menilai potensi dampak terhadap operasi, The Group assesses the potential implications on the
posisi keuangan, dan kinerja keuangan Grup yang results of the Group’s operations, financial position
dapat timbul melalui beberapa faktor, termasuk: and financial performance which may arise through
several factors, including:
volatilitas harga komoditas dan energi global. volatility in global commodity and energy prices.
gangguan pada rantai pasokan dan logistik disruptions in global supply chains and
global. logistics.
ketidakpastian makroekonomi yang lebih luas broader macroeconomic uncertainty affecting
yang memengaruhi permintaan pelanggan. customer demand.
volatilitas di pasar valuta asing dan pasar volatility in foreign exchange and financial
keuangan. markets.
Saat ini Grup tidak memiliki operasi langsung yang The Group does not currently have significant direct
signifikan di negara-negara yang terlibat langsung operations in the countries directly involved in the
dalam konflik tersebut. Namun, dampak ekonomi conflict. However, the broader economic effects
yang lebih luas akibat situasi geopolitik tersebut resulting from the geopolitical situation may
dapat memengaruhi operasi dan kinerja keuangan indirectly affect the Group’s operations and financial
Grup secara tidak langsung. performance.
Pada tanggal otorisasi atas laporan keuangan ini, At the date of authorization of these financial
tidak memungkinkan untuk mengestimasi secara statements, it is not possible to reliably estimate the
andal dampak keuangan yang mungkin timbul financial impact that further escalation of the conflict
akibat potensi eskalasi lebih lanjut dari konflik may have on the Group’s consolidated financial
tersebut pada laporan keuangan konsolidasian statements. Management will continue to monitor
Grup. Manajemen akan terus memonitor developments relating to the conflict and assess
perkembangan terkait konflik ini dan menilai potensi potential implications in future reporting periods.
dampaknya pada periode pelaporan berikutnya.
131
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Page 412
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
45. STANDAR AKUNTANSI YANG TELAH 45. ACCOUNTING STANDARDS ISSUED BUT NOT
DISAHKAN NAMUN BELUM BERLAKU EFEKTIF YET EFFECTIVE
Standar akuntansi baru dan amandemen standar The new and amended standards that have been
akuntansi yang telah diterbitkan sampai tanggal issued up to the date of issuance of the Group’s
penerbitan laporan keuangan konsolidasian Grup consolidated financial statements, but not yet
namun belum berlaku efektif diungkapkan berikut effective are disclosed below. Management intends
ini. Manajemen bermaksud untuk menerapkan to adopt these standards that are considered
standar-standar tersebut yang dipertimbangkan relevant to the Group when they become effective,
relevan terhadap Grup pada saat efektif, dan and the impact to the consolidated financial position
dampaknya terhadap posisi dan kinerja keuangan and performance of the Group is still being
konsolidasian Grup masih diestimasi pada tanggal estimated as of December 31, 2025:
31 Desember 2025:
Mulai efektif pada atau setelah tanggal Effective beginning on or after January 1, 2026
1 Januari 2026
Amandemen PSAK 109 and PSAK 107: Klasifikasi Amendments to PSAK 109 and PSAK 107:
dan Pengukuran Instrumen Keuangan Classification and Measurement of Financial
Instruments
Amandemen tersebut mencakup klarifikasi atas The amendments include a clarification that a
suatu liabilitas keuangan dihentikan pengakuannya financial liability is derecognized on the “settlement
pada “tanggal penyelesaian” serta memperkenalkan date” and the introduction of an accounting policy
pilihan kebijakan akuntansi (apabila kondisi tertentu choice (if specific conditions are met) to derecognize
terpenuhi) untuk menghentikan pengakuan liabilitas financial liabilities settled using an electronic
keuangan yang diselesaikan melalui sistem payment system before the settlement date.
pembayaran elektronik sebelum tanggal Further, additional guidance is added on how the
penyelesaian. Selain itu, panduan tambahan contractual cash flows for financial assets with
ditambahkan mengenai bagaimana arus kas environmental, social and corporate governance
kontraktual untuk aset keuangan dengan fitur (ESG) and similar features should be assessed. The
lingkungan, sosial, dan tata kelola perusahaan amendments also clarifies what constitute “non-
(ESG) serta fitur serupa harus dinilai. Amandemen recourse features” and what are the characteristics
tersebut juga mengklarifikasi apa saja yang of contractually linked instruments. The
merupakan fitur non-recourse dan karakteristik amendments also introduces of disclosures for
instrumen yang terkait secara kontraktual. Selain itu, financial instruments with contingent features and
amandemen tersebut memperkenalkan persyaratan additional disclosure requirements for equity
pengungkapan untuk instrumen keuangan dengan instruments classified at FVOCI.
fitur kontinjensi serta persyaratan pengungkapan
tambahan untuk instrumen ekuitas yang
diklasifikasikan pada NWPKL.
Amandemen tersebut berlaku efektif untuk periode The amendments are effective for annual periods
tahunan yang dimulai pada atau setelah starting on or after January 1, 2026 with early
1 Januari 2026, dengan penerapan dini adoption permitted for classification of financial
diperkenankan hanya untuk klasifikasi aset assets and related disclosures only. The Group
keuangan dan pengungkapan terkait. Grup tidak does not anticipate that the amendments will have a
memperkirakan bahwa amandemen tersebut akan material effect on the Group’s financial statements.
memberikan dampak material terhadap laporan
keuangan Grup.
132
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The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
45. STANDAR AKUNTANSI YANG TELAH 45. ACCOUNTING STANDARDS ISSUED BUT NOT
DISAHKAN NAMUN BELUM BERLAKU EFEKTIF YET EFFECTIVE (continued)
(lanjutan)
Mulai efektif pada atau setelah tanggal Effective beginning on or after January 1, 2026
1 Januari 2026 (lanjutan) (continued)
PSAK 338: Kombinasi Bisnis Entitas Sepengendali PSAK 338: Business Combination under Common
(Revisi 2025) Control (2025 Revision)
Pada Oktober 2025, DSAK IAI mengesahkan revisi On October 2025, DSAK IAI issued revisions to
atas PSAK 338: Kombinasi Bisnis Entitas PSAK 338: Business Combinations of Entities
Sepengendali. Revisi ini mencakup ruang lingkup Under Common Control. The revisions cover the
dan penerapan dari metode penyatuan kepemilikan scope and application of the pooling of interest
(pooling of interest) dan pelepasan di ekuitas method and disposal in equity as the accounting
(disposal in equity) sebagai konsep akuntansi yang concepts used in PSAK 338. The key changes
digunakan dalam PSAK 338. Perubahan utama include the exclusion of investment entities from the
mencakup pengecualian entitas investasi dari ruang scope of PSAK 338, as well as the addition of
lingkup PSAK 338, serta tambahan definisi bisnis definitions for transferred business, receiving entity,
alihan, entitas penerima, dan entitas pengalih. and transferring entity. The revision also includes
Revisi ini juga mencakup rujukan jumlah tercatat references to the carrying amount of the transferred
bisnis alihan dan penyajian informasi prakombinasi business and the presentation of pre-combination
bisnis ketika terjadi ketidakpraktisan dalam information when applying the pooling of interest
penerapan metode penyatuan kepemilikan. Revisi method is impracticable. The revision is effective on
ini berlaku efektif 1 Januari 2026 dengan opsi January 1, 2026 with early adoption permitted.
penerapan dini.
Grup tidak memperkirakan bahwa amandemen The Group does not anticipate that the amendments
tersebut akan memberikan dampak material will have a material effect on the Group’s financial
terhadap laporan keuangan Grup. statements.
Penyesuaian tahunan 2024 Annual Improvements 2024
DSAK IAI menerbitkan Penyesuaian Tahunan 2024 The DSAK IAI issued Annual Improvements 2024 to
SAK Indonesia, yang mencakup klarifikasi, SAK Indonesia, which include clarifications,
penyederhanaan, koreksi, atau perubahan untuk simplifications, corrections or changes to improve
meningkatkan konsistensi dalam PSAK 107 consistency in, PSAK 107 Financial instruments:
Instrumen Keuangan: Pengungkapan, PSAK 109 Disclosure, PSAK 109 Financial Instruments, PSAK
Instrumen Keuangan, PSAK 110 Laporan Keuangan 110 Consolidated Financial Statements and PSAK
Konsolidasian, dan PSAK 207 Laporan Arus Kas. 207 Statements of Cash Flows. The amendments
Amandemen tersebut akan berlaku efektif untuk will be effective for reporting periods beginning on or
periode pelaporan yang dimulai pada atau setelah after January 1, 2026. Earlier application is
1 Januari 2026. Penerapan lebih awal permitted and must be disclosed. The amendments
diperkenankan dan harus diungkapkan. are not expected to have a material impact on the
Amandemen tersebut tidak diharapkan Group’s financial statements.
menimbulkan dampak material terhadap laporan
keuangan Grup.
133
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Page 414
The original consolidated financial statements
included herein are in the Indonesian language.
PT TRIMEGAH BANGUN PERSADA TBK. PT TRIMEGAH BANGUN PERSADA TBK.
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year then Ended
(Disajikan dalam Jutaan Rupiah, (Expressed in Millions of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
45. STANDAR AKUNTANSI YANG TELAH 45. ACCOUNTING STANDARDS ISSUED BUT NOT
DISAHKAN NAMUN BELUM BERLAKU EFEKTIF YET EFFECTIVE (continued)
(lanjutan)
Mulai efektif pada atau setelah tanggal Effective beginning on or after January 1, 2027
1 Januari 2027
PSAK 118: Penyajian dan Pengungkapan dalam PSAK 118: Presentation and Disclosure in Financial
Laporan Keuangan Statements
PSAK 118 akan menggantikan PSAK 201. Standar PSAK 118 will replace PSAK 201. The new standard
baru ini memperkenalkan persyaratan baru terkait introduces new requirements for presentation within
penyajian dalam laporan laba rugi, termasuk total the statement of profit or loss, including specified
dan subtotal tertentu. Selain itu, entitas diwajibkan totals and subtotals. Furthermore, entities are
untuk mengklasifikasikan seluruh pendapatan dan required to classify all income and expenses within
beban dalam laporan laba rugi ke dalam salah satu the statement of profit or loss into one of five
dari lima kategori: operasi, investasi, pendanaan, categories: operating, investing, financing, income
pajak penghasilan, dan operasi yang dihentikan. taxes and discontinued operations.
Standar ini juga mensyaratkan pengungkapan The standard requires disclosure of newly defined
ukuran kinerja yang didefinisikan manajemen, management-defined performance measures,
subtotal pendapatan dan beban, serta mencakup subtotals of income and expenses, and it also
persyaratan baru terkait agregasi dan disagregasi includes new requirements for aggregation and
informasi keuangan. disaggregation of financial information.
PSAK 118 berlaku efektif untuk periode pelaporan PSAK 118 are effective for reporting periods
yang dimulai pada atau setelah 1 Januari 2027, beginning on or after January 1, 2027, but earlier
dengan penerapan dini diperkenankan dan harus application is permitted and must be disclosed.
diungkapkan. PSAK 118 akan diterapkan secara PSAK 118 will apply retrospectively.
retrospektif.
Grup saat ini sedang mengidentifikasi seluruh The Group is currently working to identify all impacts
dampak yang akan timbul atas laporan keuangan the amendments will have on the primary financial
utama dan catatan atas laporan keuangan terkait statements and notes to the financial statements.
implementasi amandemen tersebut.
134
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Page 416
2025 LAPORAN TAHUNAN Annual Report PT Trimegah Bangun Persada Tbk GEDUNG BANK PANIN Jl. Jend. Sudirman Kav. 1 Jakarta 10270 PULAU OBI Kabupaten Halmahera Selatan Maluku Utara, Indonesia tbp.corsec@haritanickel.com 021-5722 924 www.tbpnickel.com
Names mentioned 231 people and organisations named in the text · linked when the evidence is strong
unresolved
org
PT BBS
p.4 ×12
unresolved
org
PT Bhakti Bumi Sentosa
p.4 ×2
unresolved
org
PT KKT
p.4 ×3
unresolved
org
PT Kreasi Kemakmuran Tambang
p.4 ×10
unresolved
org
PT BJL
p.4 ×9
unresolved
org
PT Baja Jaya Lestari
p.4 ×4
unresolved
org
PT KPS
p.4 ×21
unresolved
org
PT BKJR
p.4 ×3
unresolved
org
PT Budhi Kemakmuran Jayaraya
p.4
unresolved
org
PT KTS
p.4 ×5
unresolved
org
PT Karya Tambang Sentosa
p.4 ×9
unresolved
org
PT CDJM
p.4 ×3
unresolved
org
PT Citra Duta Jaya Makmur
p.4 ×2
unresolved
org
PT MSP
p.4 ×11
unresolved
org
PT Megah Surya Pertiwi
p.4 ×8
unresolved
org
PT CKM
p.4 ×5
unresolved
org
PT Cipta Kemakmuran Mitra
p.4 ×2
unresolved
org
PT OAM
p.4 ×3
unresolved
org
PT Obi Anugerah Mineral
p.4 ×14
unresolved
org
PT DCM
p.4
unresolved
org
PT Dharma Cipta Mulia
p.4 ×13
unresolved
org
PT OMJ
p.4 ×3
unresolved
org
PT Obira Mitra Jaya
p.4 ×12
unresolved
org
PT GPS
p.4 ×13
unresolved
org
PT Gane Permai Sentosa
p.4 ×12
unresolved
org
PT ONC
p.4 ×32
unresolved
org
PT GTS
p.4 ×15
unresolved
org
PT OSS
p.4
unresolved
org
PT Obi Stainless Steel
p.4 ×14
unresolved
org
PT HJF
p.4 ×15
unresolved
org
PT TBP
p.4
unresolved
org
PT HJR
p.4 ×9
unresolved
org
PT HPL
p.4 ×23
unresolved
org
PT Halmahera Persada Lygend
p.4 ×9
unresolved
org
PT JMP
p.4 ×3
unresolved
org
PT Jikodolong Megah Pertiwi
p.4 ×8
unresolved
org
Indonesia Stock Exchange
p.5 ×9
unresolved
—
Kronologis
p.6
unresolved
org
Chronology of Other Securities
p.6
unresolved
—
Publik dan Kantor Akuntan Publik
p.6
unresolved
org
Kantor Akuntan Publik Profile
p.6
unresolved
person
Independensi
· Komisaris
p.6
unresolved
—
Statement of Independence
p.6
unresolved
—
Tinjauan Kondisi Eksternal
p.6
unresolved
—
View on External Conditions
p.6
unresolved
—
Changes in the Composition of Members
p.6
unresolved
—
www.tbpnickel.com
p.6
unresolved
org
Departemen Audit Internal
p.7 ×3
unresolved
person
Kebijakan Anti Penyuapan
· Komisaris
p.7
unresolved
org
Kementerian Desa dan Pembangunan Daerah Tertinggal
p.21 ×4
unresolved
org
Kementerian Desa dan Pembangunan Daerah Tertinggal Ministry of Villages and Development of Disadvantaged Regions
p.22
unresolved
org
Kementerian Energi dan Sumber Daya Mineral
p.23 ×2
unresolved
org
PT Trimegah Bangun
p.23 ×9
unresolved
org
Kementerian Kependudukan dan Pembangunan Keluarga
p.27
unresolved
org
Ministry of Population and Family Development
p.27
unresolved
org
PT BBS’s
p.29 ×2
unresolved
org
PT KPS. Sementara
p.42
unresolved
org
PT KPS. Meanwhile
p.42
unresolved
person
H. Gultom
p.49 ×5
unresolved
org
Pendirian
· Nama Perusahaan
p.52
unresolved
person
Erna Priyono
· Notaris
p.53 ×9
unresolved
org
Minister of Law and Human Rights
p.53 ×3
unresolved
org
Menteri Hukum dan Hak Asasi Manusia Republik Indonesia
p.54 ×2
unresolved
org
Menteri Koordinator Bidang Perekonomian
p.55
unresolved
org
Kementerian Hukum dan Hak Asasi
p.56
unresolved
org
Ministry of Law and Human Rights
p.56 ×2
unresolved
person
Marichicha Puicha L. Sianturi
p.60 ×3
unresolved
org
PT ONC. On
p.61
unresolved
org
PT KPS. On
p.61
unresolved
org
Mineral Co. Ltd.
p.69
unresolved
person
Committee
· Komisaris Independen
p.70
unresolved
person
HSE
· Direktur Utama
p.71
unresolved
org
PT GPS Indonesian Nickel Miners Association
p.72
unresolved
org
PT GPS Ikatan Ahli Geologi Indonesia
p.72
unresolved
org
PT Trimegah Bangun Appointment
p.76 ×4
unresolved
org
PT Trimegah Bangun Work Experience
p.76 ×5
unresolved
org
Persada Tbk
p.76 ×11
unresolved
org
PT Halmahera Jaya
p.76 ×2
unresolved
org
PT Gane Tambang Sentosa Kewarganegaraan
p.76
unresolved
org
PT Megah Surya Pertiwi Citizenship
p.76
unresolved
org
PT Obira Mitra Jaya Indonesia
p.76
unresolved
org
PT Jikodolong Megah Pertiwi Usia
p.76
unresolved
org
PT Obira Mitra Jaya Concurrent Positions
p.76
unresolved
org
PT Trimegah Work Experience
p.77 ×2
unresolved
org
Bangun Persada Tbk
p.77 ×2
unresolved
org
PT Siloam International
p.77
unresolved
org
Hospitals Tbk
p.77
unresolved
org
PT Atome Finance Indonesia
p.77
unresolved
org
PT Atome Finance
p.77
unresolved
org
PT Cita Mineral
p.77 ×2
unresolved
org
Investindo Tbk
p.77 ×3
unresolved
org
PT China Life Insurance
p.77 ×2
unresolved
org
PT China Life Indonesia
p.77 ×2
unresolved
org
PT Kredit Pinter Indonesia
p.77
unresolved
org
PT Kredit Pinter
p.77
unresolved
org
PT Cita Mineral Citizenship
p.77
unresolved
org
Global Digital Tbk
p.78 ×2
unresolved
org
Niaga Tbk
p.78 ×3
unresolved
org
PT Pulau Kelapa Sentosa
p.78 ×4
unresolved
org
PT Pulau Kelapa Carita
p.78 ×4
unresolved
org
PT Graha Bangun Karya
p.78 ×2
unresolved
org
PT Graha Bangun
p.78 ×2
unresolved
org
PT Indonesia Wacoal
p.78 ×4
unresolved
org
PT Indonesia Wacoal Kewarganegaraan
p.78
unresolved
org
PT Global Digital Concurrent Positions
p.78
unresolved
org
PT Indonesia Wacoal Karya
p.78
unresolved
org
PT Halmahera Persada
p.80 ×5
unresolved
org
PT Megah Surya
p.80 ×3
unresolved
org
PT Eurokars Motor Indonesia
p.80
unresolved
org
PT Eurokars Motor Citizenship
p.80
unresolved
org
PT Age
p.80
unresolved
org
PT Halmahera Persada Concurrent Positions
p.80
unresolved
org
PT Trimegah Bangun Persada Number Appointment
p.81 ×3
unresolved
org
Dian Swastika Sentosa Tbk
p.81 ×3
unresolved
org
Trimegah Bangun
(2017 - 2022) | Persada
p.82
unresolved
org
PT Sebalai Sepintu Sedulang
p.82 ×2
unresolved
org
Sustainability Office Bumitama Agri Ltd Ltd
p.83
unresolved
org
Corporate Social Responsibility Bumitama Bumitama Agri Ltd
p.83
unresolved
org
Agri Ltd
p.83 ×2
unresolved
org
Bumitama Agri Ltd
p.83 ×3
unresolved
person
Ir. Tonny H. Gultom
· Direktur
p.84 ×3
unresolved
org
PT Karya Tambang Sentosa Kewarganegaraan
p.84
unresolved
org
PT Dharma Cipta Mulia Citizenship
p.84
unresolved
org
PT Karunia Permai Sentosa Indonesia
p.84
unresolved
org
PT BHP Biliton Services Indonesia
p.84
unresolved
org
PT BHP Billiton Services Indonesia
p.84
unresolved
org
PT Newmont Nusa Tenggara
p.84 ×2
unresolved
org
Capacity Building Specialist SNC Lavalin International Inc.
p.84
unresolved
org
Ministry of Public Work & IWACO-WASECO Consultant
p.84
unresolved
org
PT Jascon Bangun
p.84
unresolved
org
PT Jascon Bangun Persada
p.84
unresolved
org
PT Obira Mitra Jaya Concurrent
p.84
unresolved
org
PT Dharma Cipta Mulia Positions
p.84
unresolved
org
Departemen Sumber Daya Manusia dan Umum Departement Head of Human Resources and General Affairs
p.86
unresolved
org
Departemen Eksplorasi & Pengembangan Tambang Department Head of Exploration & Mine Development Dasar
p.87
unresolved
org
PT Halmahera Jaya Work Experience
p.87
unresolved
org
PT Jikodolong Megah
p.87 ×2
unresolved
org
Trimegah Bangun
(2016 - 2018) | Persada
p.87
unresolved
org
PT Trimegah Bangun Kewarganegaraan
p.87
unresolved
org
Indonesia Tbk
p.87
unresolved
org
PT Ingold Management
p.87 ×2
unresolved
org
Departemen Hubungan Eksternal Departement Head of External Relations Dasar
p.88
unresolved
org
Koperasi Indonesia
p.88
unresolved
org
PT Masmindo Dwi Area
p.88 ×2
unresolved
org
PT Dian
p.88
unresolved
org
Swastatika Sentosa Tbk
p.88
unresolved
org
PT Agincourt
p.88
unresolved
org
PT Freeport Indonesia
p.88 ×2
unresolved
org
A Glencore International Investment LTD.
p.92
unresolved
person
Lim Sian Choo
· Direktur
p.92 ×9
unresolved
org
PT Harita Guna
p.94
unresolved
org
PT Citra Duta Jaya
p.94
unresolved
org
Public International Investment LTD
p.94
unresolved
org
PT Gane
p.96
unresolved
org
PT Obi Nickel
p.96
unresolved
org
PT Gane Permai
p.96 ×2
unresolved
org
PT Obira Mitra
p.96
unresolved
org
PT Halmahera Tambang Cobalt
p.96
unresolved
org
PT Kreasi International
p.96
unresolved
org
PT Halmahera Kemakmuran
p.96
unresolved
org
PT Bhakti
p.96
unresolved
org
International Co. Ltd.
p.96
unresolved
org
Co. Ltd.
p.96 ×2
unresolved
org
PT Jikodolong
p.96
unresolved
org
PT Obi Anugerah Pertiwi
p.96
unresolved
org
PT Harita
p.97
unresolved
org
PT Citra Duta S
p.97
unresolved
org
Jaya Makmur International Investment LTD
p.97
unresolved
org
PT Karya
p.97
unresolved
org
PT Cipta
p.97
unresolved
org
PT Obi Stainless
p.97
unresolved
org
PT Karunia
p.97
unresolved
org
PT Dharma Tambang
p.97
unresolved
org
PT Obi Anugerah
p.98
unresolved
org
PT Gane Tambang
p.98
unresolved
org
PT Kreasi
p.98
unresolved
org
PT Cipta Kemakmuran
p.99
unresolved
org
PT Bhakti Bumi
p.99
unresolved
org
PT Karya Tambang
p.99
unresolved
org
PT Karunia Permai
p.99
unresolved
org
Tiongkok Co., Ltd.
p.99 ×3
unresolved
org
PT HPAL
p.99
unresolved
org
Purwanto Susanti
p.101 ×3
unresolved
org
Young Global Limited
p.101 ×5
unresolved
person
Chang Hartono
p.101 ×6
unresolved
org
PT Adimitra Jasa Korpora
p.101
unresolved
org
PT Adimitra Jasa Korpora Kirana Boutique Office
p.101
unresolved
person
NOTARY Jimmy Tanal
· Notaris
p.101 ×8
unresolved
org
Pusat Statistik
p.105
unresolved
org
Bank Commodity Prices
p.106
unresolved
org
PT KPS’s
p.109
unresolved
org
Financial Services Authority
p.139 ×2
unresolved
org
Kementerian Hukum dan Hak Asasi Manusia Republik Indonesia
p.143
unresolved
org
Komisi Pengawas Persaingan
p.144 ×2
unresolved
org
KPPU
p.144 ×2
unresolved
—
Donald J. Hermanus selaku
· Pimpinan Rapat
p.148 ×16
unresolved
org
Kantor Akuntan Publik Purwantono
p.149 ×2
unresolved
org
Kantor Akuntan Publik Independen
p.150
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